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CSPAN Campaign 2020 Future Of The GOP July 12, 2024

Good afternoon, everybody. Im happy to welcome our audience members and our special guest speakers to the common good. We have an extremely fascinating guest today and one of our very favorite political analyst to operate as our moderator. So we will get right to the conversation. Got a very unusual phenomenon in the 2020 president ial campaign this year. Hugely influential slice of the Republican Party, including longtime conservatives and moderates, have broken with reelecting the leader of their of thety, the president united states, donald trump. This is part of the broader never trumped rebellion that began four years ago with the largely sidelined cadre of appalled republicans, but which has transformed in recent weeks into a potentially Disruptive Force in this years president ial race. Groups such as the Lincoln ....

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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 of 21 points, two thirds of 1 . Look at the nasdaq, a half percentage point and more because a big tech again. The market is also getting help from the europeans who reached agreement on a near trillion dollar rescue plan that helps and they are still negotiating a plan for the United States as of right now. Bottom line, big ....

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CSPAN3 Seth Harris July 12, 2024

July jobs number will be released. Ahead of that, what sort of trends are you seeing as states begin to report have reported a rise in cases and weve seen closures of the economy in some states across the country . Right. Let me start by saying good morning, bill, to you and your viewers. Well, the trend lines have not been good. There are two indicators for whats happening with employment. The Census Bureau is putting out preliminary data that indicate that the percentage of americans who are employed is declining again. And the Labor Department puts out data about initial weekly unemployment claims. Basically people filing for their Unemployment Benefits for the first time. And those numbers have been pretty stagnant since the beginning of june, and recently have gone to tick up a little bit which is applicatio ....

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FBC Varney Company July 12, 2024

Billion on amazon during the lockdown. The stock is up 169 per share. Facebook, another pandemic winner. 2. 4 billion people used facebook or one of its apps every day. That is global clout. The stock is up 16. Now, google, that is the exception to the stock price rally. They reported a firstever decline in quarterly revenue with the economy lockdown, advertisers slowed their spending. That stock is down 16 bucks. Overall, stocks are going up this morning. I see green for the dow, green for the s p and especially a lot of green for the nasdaq, up 111 points. No deal on stimulus. Democrats and republicans negotiated last night. Neither side emerged optimistic. Politico reports that offers were exchanged. The white house wants a fourmonth extension of jobless benefits. The democrats want much longer. Perhaps a deal is still possible. Here comes the hurricane. Look at that cone. Probably not going to be a good beach weather up and down the eastern seaboard this weekend. What does that do ....

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FBC Varney Company July 12, 2024

Investors are increasingly pinning their hopes to a virus recovery on the vaccine so modernas news is helping the market this monday morning. And its own stock, of course. The dow industrials, probably going to go up a few points, maybe 70. S p up about 12. The nasdaq, up 85 points. Green this monday morning. Next headline, gold. The price is now at an alltime high, closing in on 2,000 an ounce. A weak dollar plus the fear of a postvirus bout of inflation, plus the u. S. china escalation, all pushing the price to, what, 1956 per ounce as of right now. Were expecting the republicans to detail their trillion dollar stimulus plan perhaps today. 1200 checks, Liability Protection for business extended but reduced emergency unemployment bonuses. Larry kudlow on that later on todays program right here. Now, look at big tech. Top executives from four of them virtually testify to Co ....

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