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FBC Varney Company July 13, 2024

Numbers, 8 30 this morning. We knew it was going to be bad because bricks and Mortar Stores have been largely shut down, and it was bad. April sales down 16. 4 in april after dropping 8 in march. So heres the market, with just minutes to go to the opening bell. Red ink all over the place but not as bad as it was. The dow off about 180, 25 down for the s p, 121 down for the nasdaq. Thats of course inspired by apple, which is way, way down this morning. What were looking for is how fast we can rebound on the other side of this really bad Economic News. Thats the other side of the coin. The great reopening. Which gathers steam this weekend. There are only a handful of states that are still trying to enforce a complete lockdown. This will be a test of our willingness to get out and about, our willingness to travel, eat out and shop. This is important. We need to open the economy. W ....

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CNBC Squawk Alley July 13, 2024

Investors. What do you make of these dynamics taking place in the market you know, it makes a lot of sense personally if youre concerned about your health to take precautions for your family to avoid risk. In financial markets, you should not be trying to avoid risk at times when prices are incredibly distressed if you look back to the financial crisis, we thought the Financial System was going away. If you look back to 9 11, you thought society was permanently changing you have these moments of stress where investors, because of uncertainty, say now is 250itim protect our portfolio, when in reality the prices offered at such you should be more of a risk seeker at this point in time yes, to your question where do you hide today relative to next weeks stock price, thats very difficult to guess and we not going to pretend that we know what to do we can say if you look out, these are very, very attractive entry points into some ama ....

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CSPAN2 U.S. Senate U.S. Senate July 13, 2024

Mr. President , this is a commonsense piece of legislation. It does not saddle Small Businesses, American Business with a new mandate that they dont have a great deal of confidence and then they would actually be funded 100 by the federal government. By the way, the house bill doesnt fund this 100 , it leaves gaps, and it would definitely be temporary and utilize an existing program in the states, sitting on top of it providing federal support for the workers that are going to actually need it as we go through this unprecedented event in our nations history. With that, mr. President , i yield the floor to the senator from pennsylvania. The presiding officer the senator from pennsylvania. Mr. Toomey thank you, mr. President. And i want to thank the senator from wisconsin for leading on this effort. I rise in strong support of this amendment, mr. President. The two of us, ....

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FBC The Claman Countdown July 13, 2024

Earlier, it was down 12 . As the deadly pandemic expands to every state in the nation now and the president shuts the northern border with canada, the death toll has ticked up to 97 in the United States. Let us start looking through a whole bunch of different sectors here. How low will oil go. The rout at this hour in the aftermarket is pretty brutal. We are down 19. 2 and we do have it at 21. 78 a barrel. It settled lower than that at 20. 37 per barrel just a half hour ago. Crude has lost 56 over just the last ten days. That is the worst tenday trading stretch since the futures contract launched back in 1983. As we speak, we should tell you the senate is expected to begin voting on the 100 billion phase two coronavirus bill. Heres what we know it includes. Free coronavirus testing, funds for state Unemployment Insurance and paid sick family and medical leave for emplo ....

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FBC Varney Company July 13, 2024

And nasdaq. Strong market gains for the Bluechip Companies. Just using two of them as an example, we have apple up three dollars, microsoft up at 146. They have been higher than that earlier. Microsoft up earlier. Did they hit bottom this week . A lot of people have been buying them. Were asking that question. I hope a bottom for a lot of companies. Oil moving up to 25. Barrel. Its down 15 cents now. The government is buying oil but the petroleum written for the petroleum reserve. Whats he going to do about the russian and saudi attack on american drillers. We will ask that question to him. Gas prices tumbling. The National Averages 2. 17 a gallon falling about two cents a day. In oklahoma the averages a dollar 80. In california its 3. 25. According to gas buddy we will be down to a National Average of well unde ....

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