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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 market go. The dow is going to be up about 80 points despite the news on boeing, up about 80 at the open. S p, big gains, 17 points. Thats more than a half percent. The nasdaqs going to do well, 50 points higher. That is a rally this monday morning. In britain, landslide winner, Boris Johnson, is pushing hard for a brexit vote by christmas. Then he wants to work on a trade deal with trump next year. Defeated socialist
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FBC Varney Company July 13, 2024

2020 election. There is agreement on Government Spending. That takes the threat of a Government Shutdown off the table, at least in the short term. One more, and i consider this a plus. Chairman nadler suddenly called off the Impeachment Vote last night. No reason given. Debate resumes at 10 00 eastern this morning. Perhaps he wasnt sure the vote would go his way. Perhaps he wanted more tv time. Impeachment has become a democrat mess. Now look at this. A 220point gain for the dow yesterday and we saw an Early Morning rally today, faded only a little. The dow still on track for, what, 80, 90 point gain, up 8 on the s p, up 27 on the nasdaq following a big gain yesterday. December, no, ive got that wrong. A december to remember, thats what im trying to say. ....

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FBC Varney Company July 13, 2024

The wall street journal calculates that icahn will make 400 million if hes right. More on that in a moment. Lets get to the market. Down yesterday, and probably opening a little lower this morning. President trump says if china doesnt make a trade deal, he might raise tariffs even more. He also said hes very happy with china because the treasury has taken in almost 100 billion from tariffs. All right. The dow is going to open down about 80, s p down about 9, nasdaq down about 32. But all of them still right at record highs. In a couple of hours, really big meeting in texas. Apple meets the president. Tim cook meets donald trump. This is at the new mac pro factory in austin. Pivotal meeting. Its about building apple products in america. Its about tariffs on apple products. Its about china trade negotiations. It is a big deal meeting. Just as important, what will the president say to reporters when he leaves the white house . We will certainly tell you. Varney company is about to begin. ....

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FBC Varney Company July 13, 2024

This is afterall cybermonday this has a retailing bonanza and signals a Strong Economy into 2020 all right now look a this. Another market rally not huge. But a rally. The dow is going to be up maybe 20, 25 point small gain for the s p small fractional game for nasdaq this is interesting. China banned u. S. Navy ships from calling port in hong kong retaliation for the president sign civil rights measure. Little impact on the market. This morning, the pet restored tariffs on steal importses from brazil and argentine in that may have brought future down a little. Later on today president heads to london for 70th anniversary of nato youll go across world stage just as dmtds try to bring him down with another round of impeach m hearings. Oh, what a day. Another market rally shop until you drop online and yes we expect some choice words from the president of impeach m as he leaves for london got a big show varney and about company sb t ....

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FBC Varney Company July 13, 2024

This calendar year 2019, the nasdaq composite has gone up a shocking 27 , that reflects the money flowing into americas giant Technology Companies that dominate worldwide. The average gains of the s ps 500 companies this year, 23 , the 500 Biggest Companies with an average stock price gained 23 in less then 11 months. Look at how stocks open this tuesday morning. The dow will be up 40 points, it will be up much more than that if it were not for home depot which is a dow stock, down sharply. The s p up another 7 points. Look at the nasdaq up 27 for the year going up another 1 2 , 35 points higher. What a day, what i year. Make no mistake, we think the enrichment of america is more important than the charade called impeachment and todays show will reflect that. We are asking dow 30,000, lets get on with it. Varney and company is about to begin. Lets get to home depot. ....

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