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Transcripts For FBC Varney 20240702

Biggest incursion to date into gaza. Early this morning a column of tanks and bulldozers moved in. Prime minister netanyahu says the idf is preparing for a Ground Invasion soon, thats his word. President biden has again warned iran not to attack american troops. Central command has confirmed that two dozen soldiers were injured in drone attacks the from groups linked to iran. Next, the market. And the real story here is the sharp selloff in technology stocks. Heres big tech this premarket action. All of them down. All of them down again. Now, there have been some disappointments in big tech earnings, but theyre all way down. Yesterday and this morning. This is not helping, treasury yields going back up again, the 10year now at a 4. 91. It was closer to 5 earlier today to. The 2year till well above the 5 level are, 5. 07, to be precise. Stocks overall mostly down. That was earlier this morning. Then we got a report of 4. 9 economic growth, and that has pared those losses, so right now w

Transcripts For FBC Varney 20240702

Goes straight up. Lets go through this. The hostages a arrived back in ill reese a ill reese a a a s ago. The u. S. Appears to want a delay in the Ground Invasion. There is concern that it would triggerrer a wider war. Members of the squad continue to charge israel with genocide. Thats been picked up at prohamas rallies at colleges and cities across the country. As of now, israel is pounding gaza are airstrikes, their tanks are prepared to move. Now look at the markets. First, look at this. Bitcoin hits 34,000 a coin. There is no hope for an etf which would make buying and selling crypto much easier. 34,5 as of right now. All right, to the stock market, up again at least at the opening bell. The dow industrials showing a gain can of about 160 points at this hour. Nasdaq up close to 90. Thats a solid rally. Interest rates moving a hit little higher after yesterdays plunge, the 10year with a yield of 4. 85. Are remember 24 hours ago it was above a 5 . The 2just above 5 this morning, 5. 0

Transcripts For FOXNEWSW Fox 20240703

Look at that. Mike tobin taking cover on the israel gaza border as Missile Attacks continue. Israel is still promising a Ground Assault into gaza is imminent. This is a special 2 hour addition of the fox report. We have Team Coverage of war in israel. Alexandria hoff with more as President Biden pledges to remain focused on american still held captive by Hamas Terrorists in gaza. Steve harrigan live in lebanon where there are growing fears of escalation by hezbollah and roger wicker on the other chambers response to this. Mike tobin live in the southern israel with the latest. Reporter for 14 tonight we watched rocket fire and watched the ground to see if the israeli invasion of gaza begins. Forces staging up and down the gaza strip some 300,000 strong, with reservist called up to combat duty, they are training while they wait for their orders. 188th brigades, getting ready to do what the Defense Minister called the long and painful processable donating hamas. Strikes go into the gaza

Transcripts For FBC Varney 20240703

Take it away. Ashley thank you, maria with. Good morning, everyone. Im Ashley Webster in today for Stuart Varney. President biden holding a prime time address to make the case for billions in aid to israel and ukraine. And while he didnt give a number, it is widely expected to be around 100 billion, maybe more. Some critics not happy that biden is using the war in israel to push for more aid to ukraine. Were going to get into that issue. Meantime, the situation in the middle east intensifying. Smoke rising from buildings in gaza saw as israels ground offensive could begin soon. Israel warning the conflict will be long and intense. Tar heinrich is the spokeswoman for Prime Minister Benjamin Netanyahu. Meanwhile, more attacks on u. S. Troops in the mideast are ramping up, overnight two more were thwarted in iraq. Meanwhile, hamas is calling for another day of rage. Theyre encounselinging muslims a encouraging muslims to stage mass protests against israel. As for the markets, lets take a

Transcripts For FBC Varney 20240703

Israel by hezbollah, irans proxy. In the west bank, the idf has arrested 63 hamas operatives. In syria, a drone attack on an oil facility housing american troops and a nearby u. S. Base. There is now fighting on three fronts. Back home an emotional peach by democrat congresswoman Rashida Tlaib. She says bidens support for israel is, quote, your genocide. The president clearly leads a divided party. He addresses the nation at 8 p. M. Tonight. To the markets. Now, here is the number to watch. The yield on the 10year treasury, closing in on 5 . Right now were at 4. 93. The 2year treasury moving to 5. 25 , youre actually at 5. 21 right now. Stock investors do not like these the rising yields. As for the dow industrials, going to open fractionally higher, s p up 8, nasdaq may be gaining 60 points. Some green there. Heres another important9 number, the price of oil. War in the mideast has pushed it close to 90 a barrel, 87. 38 at the moment. Thats an inflation threat. But gas, uhoh, continue

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