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FBC Varney Company July 13, 2024 - Vimarsana News

FBC Varney Company July 13, 2024

Look, any way you take it, employment in april was a disaster. We are looking at an Unemployment Rate that is likely approaching 20 . We get those numbers, the unemployment numbers for the whole country, next friday. However, got to tell you the backtowork movement is really gathering steam. States across the nation are modifying their stayathome rules. Businesses are reopening. Oklahoma reopens some businesses tomorrow. California will allow some elective surgery. This, however, is receiving mixed messages. President trump says georgia is reopening too soon. He says he strongly disagrees with...

FBC Varney Company July 13, 2024 - Vimarsana News

FBC Varney Company July 13, 2024

President s chief economic adviser larry kudlow. Hes going to join us. Thats the question we will ask, when, where and how will some americans be able to get back to work. Now, check out the market. It reopens today after a threeday weekend. Last week was one of the best weeks in decades, with the dow rising 12 . No significant pullback this morning. We are down just maybe 70 odd points for the dow industrials and well above 23,500. How about that. The s p down about. 33 and the nasdaq, same thing, down about. 33 . That is not a significant pullback. Not helping the stock market is a forecast ...

FBC Varney Company July 13, 2024 - Vimarsana News

FBC Varney Company July 13, 2024

Stabilize and support the financial system, support and rescue. Its moving quickly. On the ground, it is grim. 22 states have deployed the national guard. The virus is now infected all 50 states and d. C. And this is a first, kansas closes all schools for the rest of the school year. Its beginning to sink in that many of us will be confined to our homes for weeks and millions will not be getting a paycheck. You are waking up to an anxious america. Theres an eerie feeling when you see empty cities, shuttered businesses and a country thats really grinding to a halt. Now the markets. Limit down b...

FBC Varney Company July 13, 2024 - Vimarsana News

FBC Varney Company July 13, 2024

100 points, nasdaq down about 35 points. Thats aflight away from stocks and into safe havens like gold, there you have it. Twentythree dollars higher gold this morning, 1,643 per ounce, now look at this, this is the yield on the 10year treasury bond, down 4. 8 , thats a flight to safety, money moving into the safer heaven of Treasury Bonds and out of the more risky assets known as stocks. President trump in rally in colorado, he was on the economy and markets and presented a very positive view of americas future, very much in contrast to the damage control that the democrats are doing after th...

FBC Varney Company July 13, 2024 - Vimarsana News

FBC Varney Company July 13, 2024

Significant rally, up eight at the opening bell, a gain of 55, urging the fed to cut rates. We wait to see when the fed is. Some money coming out of treasuries. I want to see it but cant, dont have it but it is up from the historic low of one. 03 , it is one. 12 as we speak. Politics. A mad scramble by the democrats to support joe biden and beat back the bernie challenge. Amy klobuchar and Pete Buttigieg throw their support to biden, beto reappears to back him up. This is desperation time. Today bernie is expected to win the california and texas primaries, all hands on deck for the moderates, ...