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FBC Varney Company July 14, 2024

Same with the nasdaq up about 60 points. Close to 1 . Here is the big stock news of the day. To stand out retailers. Target and lows. Both did very well in the profit report earlier this morning and consumers have money to spend and their spending it. It is the giant retailers who are responding best to Amazon Online challenge. Look at the two stocks go. 70 up for target and 12 for lowes. That is valid. This is not a race, i will ask you anyway. How much do you have in your 401k or you are away ...
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FBC Varney Company July 14, 2024

Quarters of any publicly traded company and it lost 5 billion. The ceo says 2019 will be the worst year the losses, he says, will come down in 2021 look at that stock, down 8. 5 below 40 a share. Interest rates, the yield on the 10year treasury is 1. 69 , this is the worlds bench mash Interest Rate, and is this week s volatility, thats disruptive Financial Markets worldwide 169 right now. Here is the good news, rapidly falling Mortgage Rates you can get a 30year fixed Rate Home Loan for 3. 6 . Y...
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FBC Varney Company July 14, 2024

Bit, there you go, we turned around, we are up about a point. Remember, please, big rally yesterday, big rally friday. The dows going to open virtually flat. It is almost completely recovered from last weeks losses. Its only tuesday. The s p will be down maybe a point. The nasdaq down maybe a point. I will call it flat at the opening bell. In politics, its all about the boycott, divest and Sanction Movement known as bds and designed to destroy israel. The visit by Rashida Tlaib and ilhan omar, b...
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FBC Varney Company July 14, 2024

That protest organizers have called off saturdays demonstration. Were on it, guaranteed. Think of the timing here. Protest saturday night, maybe. New tariffs on china set for sunday, maybe. There is a connection between hong kong protests and china trade and our market, which by the way, does not reopen until Tuesday Morning. But look, its dorian that is the center of attention, certainly in florida this weekend. Its likely to make landfall monday and blast the state all the way through tuesday....
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FBC Varney Company July 14, 2024

The china trade fight is clearly escalated. The president s holding on to a very strong line. Any resolution, it seems to me, pushed down the road. More on that coming up. If you combine the jobs report with the china story, heres how the market opens today. I thought we would be down about 100 points but we are coming back. We are down about 20 points for the dow. That will be 29 minutes from now. Maybe the markets taken the Financial News to mean that the fed can lower rates in the future. 600...
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BLOOMBERG Bloomberg Technology July 14, 2024

First time in 15 months. Is the latest bitcoin bump here to stay or just another bubble . The clock is ticking on President Trumps next round of china tariffs. A proposed new wave of tariffs set to go into effect as early as next month end half of those and half of the 300 billion of targeted goods are tech related. A new article details how chinas Tech Industry is mostly insulated but there is one area where it is still dependent, very dependent. The semiconductor chip. Over the last decadeplus...
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BLOOMBERG Bloomberg Technology July 14, 2024

We will take you inside the group that makes decisions. Is the latest bitcoin bump here to stay or just another bubble . The clock is ticking on President Trumps next round of china tariffs. A proposed new wave of tariffs set to go into effect as early as next month end half of those 300 million of targeted goods are tech related. A new article details how chinas Tech Industry is mostly insulated but there is one area where it is still dependent, very dependent. The semiconductor chip. Chinahe l...
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FBC Varney Company July 14, 2024

Vietnam and other places that take advantage of us, and well start working on that, too, by the way, but i dont want to do too many at one time. Chinas fine. We did mexico and canada. We have to get that approved by nancy pelosi maria you expect to get that done this year, mr. President . I hope we do. The deal is done, its sitting in congress. Its up to nancy pelosi to put it there. I would kalcall it, i told her other day get it done because we will call it a bipartisan deal. If they want to m...
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FBC Varney Company July 14, 2024

Been if america had not had, as it does, an oil glut. It would have been a much bigger price spike. Thats the upside, i guess, of energy independence. Now, whats happening in oil has not had a negative impact on stocks. We are still looking at a gain for the dow, what, about 90 points, up about 34 on the nasdaq. Part of the dows gain is fueled by the Big Oil Companies which do well when oil prices rise. This tanker story is a big money story. We are all over it. And theres a lot going on. We wil...
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FBC Varney Company February 7, 2020

re-entered the marketplace, i should say the work force in one month. they are now drawing a paycheck, 183,000 new workers in one month. look at the market reaction. cant quite explain this. its muted after a series of big gains, we will retrace a little at the opening bell. now, in the news this morning, a phone call between president trump and chinas leader xi jinping. the president says xi is sharp, strong and powerfully focused on leading the counter-attack on the coronavirus. and ...
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