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Transcripts For FBC Varney 20240703

It is coming down about an inch every couple of hours. New york city. Good morning, every one. It is 10 00 eastern. The markets coming back a bit. We are up 100. Nasdaq up 170, 1. 3 , solid gain. The yield on the 10 year treasury coming down a little. Down 5 basis points. We are up 452, the price of oil, bitcoin around 26,894. Any minute, the president of the United Auto Workers union, sean fain, will deliver remarks on the ongoing strikes. He will say if the strikes will be extended again or not. We have this on our hands, the latest read on consumer sentiment. Lauren 68. One in the september. One year inflation expectations, that matches in march 2021 and that is remarkable. Inflation coming down. Stuart market, no reaction, up 100 on the dow, no reaction to that. 50,000 migrants crossed the southern border in the last week, a record number, extraordinary pictures. It is obvious theres a new surge. Does not being taken seriously. The president goes to california and arizona, border s

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As World Wrestles With a Chip Shortage, GM s Plants Fire Back Up

As World Wrestles With a Chip Shortage, GM’s Plants Fire Back Up Bloomberg 1 hr ago © Bloomberg GM Lansing Assembly Plant Makes 3 Millionth Vehicle (Bloomberg) The global shortage of semiconductors is getting worse, but General Motors Co. has found ways to work its massive chain of suppliers and minimize the damage better than its biggest rivals. Popular Searches The company is bringing back five plants that were shut down due to a lack of chips and adding a second shift at another, a clear sign that the largest U.S. automaker is managing the global crisis even as companies in many industries keep struggling. Crucially, two of the plants being reopened build small sport utility vehicles popular as family haulers and rentals, potentially helping to ease a scarcity of cars available for vacationers.

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GM Jumps as It Sets 5 Plants to Reopen After Chip Shutdowns

GM Jumps as It Sets 5 Plants to Reopen After Chip Shutdowns
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