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Transcripts For FBC Varney Company 20240712

Earlier. The strategy, shop now to be the december delivery rush. The stock took off yesterday and up again premarket about 24. Within the last year, amazon has touched a low of 1600, now 34. Double the past year, modest pullback for the dow, down about maybe 150, remember it was up to 50 yesterday, the s p will be down as well. Look at the nasdaq, powering ahead again on the back of another technology search, 31 again. I have trumped the video, it may surprise you, this is the crowd lining up for the president s event in florida, it is absolutely endless. And to impact largely mass close crowd, the president danced up a storm, he should his apparent boundless energy, the man is back, he is planing two or three events a day until the election. Then theres joe biden he went to ohio, forgot mitt romneys name, said he was running for the senate in question the memory of voters who say they are better off now than they were four years ago. However, the main event obviously, the hearings fo

Transcripts For FBC Varney Company 20240713

Come friday, thats mayday, with spring weather, getting out of the house and back to work will surely take another step forward. Look at this. Investors love it. We know we are in the middle of a seriously shrinking economy but back to work means a way out of the mess. Top officials including the president and the treasury secretary expect a vigorous recovery later this year. And soon, we will see the Financial Statements from the allimportant big tech companies. Investors are expecting solid results and that, too, is helping the overall market. Heres the big negative of the day. The tumbling price of oil. We dropped to 10 a barrel. Now we are at 11. 87. At the moment, its not hurting the stock market, but the possibility of going back to a zero price or a negative price as we did two weeks ago, that is still on the table. Gas, yep, keeps on falling. Not quite quickly enough, maybe. 1. 76 is your National Average. Wisconsin still the cheapest. The average price today actually went up i

Transcripts For DW Business 20240713

Beardsley in berlin its good to have you with us investors around the world are holding their breath as tensions but mounts between america and iran with iran promising a major retaliation for the killing of its military commander Qassam Soleimani american businesses could be a target as iran has proved to have formidable cyber attack capabilities. From 2011 to 2013 from 2011 to 2013 the the iranian hackers target j. P. Morgan chase bank of america and wells fargo with large denial of Service Attacks make it difficult for customers to log into their accounts and access their money iran attacked the Saudi Aramco Oil company in 2017 with the shamoun virus which was so devastating that the network had to be rebuilt almost completely from scratch. And in november 29000 microsoft experts suspected that iranian hackers were going after a disturbing new physical target employs that major manufacturers in operators of Industrial Control Systems used by power grids manufacturing and Oil Refiner

Transcripts For DW Business 20240713

Of moved on you cannot make news and company news which is really been driving stocks over the past several hours the other reason is really that investors have sort of come down on the a say that theres really going to be a war between iran and the u. S. So irans economy has already been really devastated by u. S. Sanctions that a lot of investors dont think that they really want to be entering a war with us right now so there is a lot more optimism that they wont be heading towards a conflict but there still is a lot of. Anxiety and markets even though its on the back burner today that there will be more of a tell you coming forward so investors are so sort of keeping an eye out for the. Because it will in the infant thank you. So there might not be an all out shooting war but investors around the world are keeping an eye on tensions between america and iran with a special focus on how american businesses could become a target for iranian revenge attacks and its not about bombs iran

Transcripts For DW Business 20240713

Throughout the day one of the reasons for that is that simply there hasnt been any any real news from iran in particular they have you know about to retaliate but they havent taken any action and so markets have sort of moved on to Economic News and company news which is really been driving stocks over the past several hours the other reason is really that investors have sort of come down on the a side that there is really going to be a war between iran and the u. S. So irans economy has already been really devastated by u. S. Sanctions and a lot of investors dont think that they really want to be entering a war with the u. S. Right now so there is a lot of more optimism that they wont be heading towards a conflict that there still is a lot of. Anxiety and markets even though its on the backburner today that there will be more of a tell you coming forward so investors are so sort of keeping an eye out for the. Just delaying the infant thank you. So it might not be an all out shooting w

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