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FBC Varney Company July 12, 2024

At 211 a share, now its 213 up again, those two Companies Amazon and microsoft have huge and growing cloud operations. That is a big part of their stock rally. Now look at tesla, 142, yesterday closing 1600 a share and this morning its up 11 bucks, 1654 but it is up again, are these tech stocks a bubble, is it like the dog, the late 90s, ive never seen anything like this before. Now look at the overall market, the Dow Jones Industrial going up again, maybe 150point of the opening bell, the s p o...
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FBC Varney Company July 13, 2024

Ive got another one for you. 25 million of us were indeed out and about over the last two weeks and that is a big increase. Its not back to normal but we are coming out of the total lockdown. Dead on arrival. Thats the speakers 3 trillion spending plan. It would have encouraged staying at home. It would have bailed out the Postal Service. It would not have provided any Liability Protection for businesses. It was a votebuying scheme. Thats my opinion. Thank heaven its dead. Now this. Fed chair po...
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FBC Varney Company July 13, 2024

Likely to hit around 15 . This morning, the private sector reports the loss of 20,236,000 jobs just in april. Reopening the economy is designed to try to bring back some or most of those jobs. So here we are. With all the bad Economic News breaking around us, what does the market do . Well, it rallies. For the third day in a row, the market opens higher. This is a bet on the recovery and a bet on the federal reserve, which is putting at least 4 trillion into the economy, and the treasury which i...
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FBC Varney Company July 13, 2024

Inspect a face mask production facility. Its a clear signal hes out and about for the first time in weeks. The markets like this. The opening up, that is. Look first at the price of oil. Th 23 a barrel. Thats because production has dropped sharply, limited supply and the likelihood of a pickup in demand as more businesses open up. The president just tweeting on that literally moments ago. Here it is. Oil prices moving up nicely as demand begins again. Thats the backtowork movement evident in the...
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FBC Varney Company July 13, 2024

We are going to go through a very tough two weeks and then hopefully as the experts are predicting, as i think a lot of us are predicting after having studied it so hard, we will start seeing real light at the end of the tunnel but this will be a very painful, very very painful two weeks. Stuart the president s top medical advisers project a death toll in america of up to 240,000. Everyone is now paying attention. Now weve got to focus what will likely be the worst Economic News coming at us in ...
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FBC Varney Company July 13, 2024

Unified party. One democrat switching sides, some others may vote no. But the end result is not in doubt. The president will not be removed from office. Now look at this. The market is going up again. The dow is being held back a little by boeing. The journal says it may halt or cut max jet production. Boeings a dow stock, way down, hurting the dow average by about 90 points. We also have to tell you that bank of america is talking about a melt up for the market into next year. Look at the marke...
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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

You very soon. Theres this. Another College Cheating scandal. It seems some wealthy people transferred control of their children to other less wealthy people so they could claim Financial Aid from colleges. Again, big story. Full details coming up. The market heading lower after a series of china trade tweets from President Trump. Hes disappointed that china has not yet bought our Agricultural Products and hes speculating that china is waiting to see who wins in 2020 before making a deal. Not a ...
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FBC Varney Company February 12, 2020

now consider turnout. very important for judging enthusiasm. the democrats a little above 2016 but uncontested president trump, 128,000 votes, far more than other incumbent presidents in previous years. the president won the enthusiasm race. bottom line, theres no clear democrat leader going into the beyond the routine checkups. nevada and south carolina races later this month. beyond the not-so-routine cases. all right. lets get to the market. here we go again. comcast business is h...
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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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