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June 20, 2024
The abuse of power by the irs. George will in a Washington Post oped tells the story of a Michigan Grocery store owner who would make small deposits into the bank very regularly to avoid having too much cash on hand. This aroused the suspicion of the irs. They assumed he must have been up to no good. They launched an investigation, presumed his guilt, used an arcane rule called civil forfeiture to empty his bank account. All of this was done without ever talking to that Business Owner or chargin...
June 20, 2024
Around ukraine. The market does not like it. Russian troops lining up at the border, Vladimir Putin says there will be consequences if ukrainians go after perot Russian Forces inside the country. John kerry says if russia ignores the agreement to be escalate the crisis it would, i am quoting now, not just be a grave mistake but inexpensive mistake. He is threatening more sanctions. What is the financial response . The russian stock market is in freefall, standard and poors cuts russias debt, it ...
June 20, 2024
London versus paris, a realestate contest. And. Say in america. Varney and company is about to begin. Two bigname tech stocks where we start, ebay gave a disappointing forecast but theres more to it than that. They are giving the government 3 billion in tax. They are going to bring money back from overseas and to do that they are paying a very high tax rate on 3 billion. What is going on . Why are they doing that . We will answer those questions. The stock is down 5 . Twitter not growing as much...
June 20, 2024
Its tablets. And we want our money back for those useless obamacare exchanges. We should shoot this on go broke, will we get a cut for all the free advertising . Varney and company is about to begin. Check the big board as we kick off varney and companys first hour. We are down 26 points, we were down 60. We have home depot, profit disappointing. We use this as a kind of Economic Indicator. Home depot saying that Housing Slowdown really hurt it, nonetheless home depot is up 2. 5 . Figure that on...
June 20, 2024
Another triple digit rally. Nasdaq bouncing back a little bit after a couple of sessions. Now you see it is flat. Look at this chart. Nasdaq flat for the year. Biotech has been a drag, yesterday they were a drag, lot of talk about a bobble and a bubble bursting. Sandra smith, biotech, you think the party might be over . Sandra they havent entered into a bear market territory which would be a drop of 420 or more but correction territory, raising some eyebrows. Charles in a short period of time. S...
June 20, 2024
Varney company is about to begin. Stuart attorney general eric holder working closely with financial regulators to bring criminal charges against large Financial Institutions. There is no such thing as too big to jail. All rise, judge Andrew Napolitano is here. What is the legality of it . Right. What the political clamor is for is to see bankers and orange jumpsuits dressed the way that we are perp walked into a courthouse. The banks did something wrong. The banks caused the mess in 2008. Why a...
June 20, 2024
[applause] that is a historic accomplishment. That is right. And by the way, in the meantime, alongside 7. 5 Million People being enrolled, Health Care Costs under kathleens leadership are growing at their slowest rate in 50 years. I keep reading about people saying theyre not doing anything about it. What does that mean . In part because of kathleens extraordinary leadership. Health records moving from dog eared paper to hightech systems, kathleen parted with the department of justice to aggres...
June 20, 2024
Business confidence there down for the first time in five months. Our roadmap begins with the nasdaq looking to turn around a second consecutive slide in biotechs, deterioration in what some of these momentum stocks we say. Cloud storage firm box planning to raise over 250 million in an ipo and list under the ticker box. Reports that manager knew of the gm ignition problems prior to the launch of the cobalt and withheld some vehicle data. First up the nasdaq hoping to rebound the morning after t...
June 20, 2024
We start giving that back a little bit. We did see some big gains across the board. If you check out currencies, youll see right now that the dollar is higher against the euro and the yen. Euro is trading at 11. 3764 and the yen is at 103. 94. And the tenyear note spoke of 2. 8 on wednesday. Thats the highest level its seen in just about two months. You can take a look and see its just below that at 2. 79 . Andrew has some of todays top corporate stories. News this morning, joe referenced it ear...
June 20, 2024
And obamacare news of the day. There is still more obamacare news and the deadline has been pushed back yet again. It is not even a hard deadline anymore. Varney company is about to begin. Begin. Listen, i wanted to say lets get into the hot ipo. King digital. We do have an allstar team to cover this. It is big news. In many different ways. First, any optimism. A cause for concern. Should people be more optimistic . It could be a one trick pony. The profit has grown exponentially. Charles and it...