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Transcripts For FBC Varney Company 20240712

at $211 a share, now it s 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 it s up 11 bucks, 1654 but it is up again, are these tech stocks a bubble, is it like the dog, the late 90s, i ve never seen anything like this before. now look at the overall market, the dow jones industrial going up again, maybe 150-point 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 tech in the market going up again today. a different story in our cities there is a confrontation going on on one side local largely democrat mayors on the

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Transcripts For FBC Making Money With Charles Payne 20240712

begin to run out. republican leaders met with president trump as the party tries to get on the same page. i think i know what the final package will look like. we ll discuss later with mattie duppler, plus? i am a believer in masks. masks are good. but i leave it up to the governors. charles: president trump is open to wearing of masks in a wide-ranging fox news sunday interview and we re live at the trump campaign headquarters with reaction. that and much more on making money . . charles: so now all your indices look like they re trying to turn positive right now as we begin the week. increased anxiety no doubt about it, but also resumption of the growth trade taking the lead. we saw second concerted effort to get the so-called value names to rally. the result was actually fantastic. we saw strong performances in industrial names, material names. moreover, those gains actually came at the expense of technology and communications services names. although friday we saw t

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Transcripts For FBC Varney Company 20240712

investors are increasingly pinning their hopes to a virus recovery on the vaccine so moderna s 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 all-time high, closing in on $2,000 an ounce. a weak dollar plus the fear of a post-virus bout of inflation, plus the u.s./china escalation, all pushing the price to, what, $1956 per ounce as of right now. we re 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 today s program right here. now, look at big tech. top executives from four of them virtually testify to congress later this week. this is important. what are we going to do with the crown jewels of

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Transcripts For FBC Varney Company 20240712

$3,200. tesla, watch this. founder elon musk now worth about $70 billion. richer than warren buffett. another surge for that stock right now premarket, up another $100 a share, 6%. wow. apple getting closer to a $2 trillion valuation. right now it s up nearly five bucks at $388. now, that s the big techs. we have a lot more quotes coming your way. suffice it to say, big tech is having another terrific day. how about disney? a partial reopening despite a surge in new virus cases in florida. masks, temperature checks, no lines. this was an important symbolic move to reopen disney world. investors like it. disney is back to $121. talking about investors here, they like the good news on vaccines. pfizer and biontech, they have been given fast track approval for two of their vaccine candidates. stock s got a new shot in the arm when that news broke earlier this morning. both stocks on the upside. what have we got for you? later in the show, larry kudlow, he will have more

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Transcripts For FBC Varney Company 20240712

launching that service here in the u.s. later this month. we are staying at home and we want our groceries and other purchases delivered and quickly. and we are on that story throughout the program today. as for the overall market, dead flat following a selloff on tuesday but keep in mind the dow and s&p are up 40% from their march lows and the nasdaq is up 50% since then. pretty impressive. president trump says he will pressure governors to reopen schools in the fall. this is a major step in getting the economy back on track. kids go back to school, parents can then go back to work. that, of course, will be an issue for sure in the election, where joe biden has the lead in all of the polls, if you believe them, and even some wall street firms are apparently preparing for a biden win. but we have a democrat pollster coming up in a few minutes who says the race is a lot closer than the polls would indicate. just wait until you hear what congresswoman ilhan omar wants to

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