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FBC Varney Company July 12, 2024

Bouncing back a little. Remember, please, this is how we started out monday. It ended badly. All right, walk into a super market just about anywhere in the world and several aisles will be dominated by proctor gamble. Here is the news. They are doing very well. Profit is up, revenue is up, outlook outbeat and p j, one more example of companies turning in Strong Financial results and the stock is up. On the campaign trail, joe biden stays home. No media appearances for 4 days. How convenient. Hes safe from pesty reporter questions and gaffes and fatigue. Hes preparing for thursdays debate and for the rules for that debate have changed. Theyll be a mute button to kill mike mic of candidate if he he running over time. So keeping it out of the debate is in my opinion a form of bias against trump. Another development, in pennsylvania, the Supreme Court says they can keep counting ....

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FBC Varney Company July 12, 2024

Another one coming in half an hour from now. Lets go through the techs because they are obviously doing well. Apple, you have to share with apple, tens of millions of shareholders, up again 3 bucks higher, 137. Amazon, now well above the 3,500dollar mark, the company is worth over 1. 7 trillion. Microsoft, also worth 1. 7 trillion with another record high. Up another buck today at 228. We will bring you the rest of the tech titans in a moment, just wait till you see zoom and how much its worth. Politics, you are going to see a sharp contrast in Campaign Styles today. The president continues to fly all over the place answering reporters questions whenever possible. Hes off to North Carolina today. Joe biden will not be getting on a plane when he travels to wilmington, delaware. He never goes far and shies away from reporters questions. This is becoming a political issue, favo ....

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FBC Varney Company July 12, 2024

Postpandemic academy dominated by americas big tech companies. This friday morning, stocks are going up somewhere, can you believe that, we dont know how were going to close the session but the opening bell the dow will be up another triple digit, over 100 points, s p coming up a series of records of another nine this morning and the nasdaq made 39 records and moving higher again as of right now. That is the market, that is financial history, cue the fireworks, spectacular way to close out the republican convention, they lit up the sky over the white house after President Trump accepted the nomination for second term. It was a long speech, 70 minutes, the president made his pitch, vote for me and ill keep the streets safe and restore prosperity. Joe biden would ruin the country. You will hear it all, and then there is this, senator rand paul and his wife leaving the white house after the speech into an angry mob of demonstrators. ....

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FBC Varney Company July 12, 2024

And the u. S. Keep talking trade, we dont know when this thing ends or how much further it goes. Sit back and enjoy the ride, today is august 25, the dow of 378, yesterday up another 150th opening bell today, the s p record high close up some more this morning. The nasdaq looks like its going to be down a few points. Were going to show you apple, premarket trading worth 2. 15 trillion and there is speculation that there is iphone production to mexico, more of that in a moment. At the convention the republicans attacked the biden harris ticket as a looming disaster. Dynamic speeches from tim scott and nikki haley and the president as surprise appearance and a vocal audience preview will see it. Day two, melania speaks tonight, rand paul, eric and tiffany trump, you will see that too. I gotta say this, our heart goes out to louisiana, mississippi, texas and neighboring states. Marco faded but here comes laura. Landfall probably tomorrow, could be a cat two or three storm the people of ga ....

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FBC Varney Company July 12, 2024

Nasdaqs going to be up about 60 at the opening bell. From the low of march 23rd to the close yesterday, the value of all publicly traded companies has gone up 12. 2 trillion. You have never seen anything like that before. Next, tesla. Musk does it again. Grabs the headlines with a five for one stock split. That may bring in more Retail Investors. Doesnt change teslas business, but the stock is up bigtime premarket. A gain of 84 bucks per share. Apple announced a four for one stock split a week ago and apple this morning is leading the big tech rebound. Its up four bucks. Then theres this. The big ten, now the pac12 have canceled their football seasons. Looks grim for the college game. This is a financial story. Colleges will lose billions. That virus changed everything, didnt it . Larry kudlow joins us again later. What does he think of a 12 trillion increase in the value of ....

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