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Transcripts For FBC Varney 20240703

Second quarter, and its the second day of selling. Heres the problem, interest rah rates are rising, and rate cuts from the fed are retreating. Strong economic news, that is pushing rates up. Look at this. The yield on the 10year treasury way, way above 4. 25 , youre now looking at 4. 39. Dont look for any decline in Mortgage Rates anytime soon is. The 2year treasury, thats way, way above 4. 5 . Thats now at 4. If 73. 4. 73. Stocks down all across the board. The dows looking at a loss of, what, 300 point, and the nasdaqs down about160 at this point. Thats premarket. Dont know how theyre a going to close. Bitcoin struggling, 73,000 the two weekes ago or, youre looking at 65,000 the right now. But on that strong economic news, oil has reached 85 a barrel. No response if gasoline yet. Still 3. A 35553 finish 3. 53 for diesel unleaded. Gold, 2,277 per ounce, its up 20 an ounce as of now. Politics. Democrat primaries in key states toda ....

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