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FBC Varney Company July 12, 2024

Donors he would get rid of most of trumps tax cuts. That wouldnt be good for stock prices or your 401 k . Right now we see the dow losing maybe 90 points at the opening bell, 25,400. The s p will be down and the nasdaq is off about 20 points. No serious selloff at this point. But we do have dramatic stories breaking this morning. Overnight, a young black man, 16 years old, shot and killed in the seattle chop zone. Its the fourth shooting there in nine days. Democrat mayor durkin said the zone would be removed. It is still there. In new york city, the city votes on taking a billion dollars out of the budget the police budgets. Mayor deblasio calls it real redistribution. This follows a devastating blow, the citys 15 billion theater industry will stay closed until next year. The democrats trash the president and mt. Rushmore. A tweet from the dnc says the president will be quote, glorifying White Supremacy when he attends a firewor ....

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FBC Varney Company July 12, 2024

That jobs news to end this holidayshortened week. Check the futures. The dow pointing to a jump of 459 points. Good for a 1. 75 gain. Strong gains on the s p and nasdaq. By the way, the nasdaq in record territory once again, led, guess what, by the big tech names that we follow so closely. All of these names right here are in record territory this morning. Lets begin with tesla, up another 9 this morning after reporting more than 90,000 sales last quarter. That absolutely blew away that word we dont like to say, expectations, and up the stock goes. 102. What a ride for tesla. Amazon, that stock closing in on 3,000 a share. Certainly amazon has been the winner during the lockdown. Microsoft, solidly above 200 a share. Microsoft also doing very well, thank you very much. Everybodys watching netflix these days. Huge winner during the pandemic. That stock coming close to 500 a share. Well, President Trump is well aware of this rally. ....

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FBC Varney Company July 12, 2024

Starts. That means demand up for Mortgage Applications, supply going up in the future. That follows a remarkable improvement in the outlook for home builders. They are much more optimistic. The housing rebound would give the overall economy a real boost just when it really needs it. Now lets get to the market. Again, look at this. We are going up again, not much, going up at least at the opening bell. The rally continues. The dow up maybe 70. S p, maybe 10. Nasdaq, better gain, up nearly a half percentage point. Thats a 46point gain for the nasdaq. Okay. The fed is printing money. Theres a new stimulus plan in the works. Retail sales saw a huge increase, a positive News Development on virus treatment plus real estate and you add it all up, youve got a continuing stock market rally. Weve got a big show for you today. The president s reelection hangs on the economy whi ....

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FBC The Claman Countdown July 12, 2024

Buffett is finding a new jewel for the Berkshire Crown after dipping into his 137 cash pile. Breaking today, uber eats is gobbling up postmates. It is official. Weve got more on the big m a deal to kick off your monday straight ahead. And Billionaire Elon Musk taunting tesla shorts, the stock shorts, with actual red satin short shorts as the ev giant stock hits another record high. We will talk about it. We will also talk to the ceo of the company thats building all the electric vehicle charging stations about his shocking Sales Numbers during the coronavirus crisis. The blink charging company ceo is here. And the ceo of impossible foods making a bold claim. He says the Meat Industry will be completely gone in 15 years. He will tell us how he will make the imp ....

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FBC Varney Company July 12, 2024

That continues a down trend but only just. A spike in new virus cases, especially arizona and texas. The words second wave have some investors worried. The Federal Reserve, well, jay powell sees the effects of the virus dragging on the economy until 2022. Thats not the rapid recovery the administration sees. Larry kudlow joins us in our 11 00 hour. So what do you do . Do you hold on to the stocks youve got, do you buy this dip . That was successful in the past. Or do you get out and take your profit while you can . We will try to answer at least some of those questions. Politics. Joe biden says President Trump may try to steal the election and joe biden says the president promotes racism. His words. This as demonstrators create what they call a no cop zone in downtown seattle. It was created overnight. The president is not happy about that. And this afternoon, mr. Trump hea ....

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