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TUNE IN TO FISM.TV on weekdays, 9/8c to watch Financial Issues with our host Shana Burt and catch her live commentary, the latest financial news, market updates, investment tips, and more. | |
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In The Know: Week of July 12, 2024
The Fed Remains Unclear on Future Rate Cuts
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Do your best to present yourself to God as one approved, a worker who has no need to be ashamed, rightly handling the word of truth. - 2 Timothy 2:15
This passage tells us much about the need not only to be a diligent worker in whatever vocation God has called us to, but also to be a diligent steward of the gospel.
For pastors, men who have been called to shepherd the flock of God, the command to “rightly handle the word of truth” carries a special weight that may not come for layfolk. Regardless of this, whether you are a pastor or merely an “average” believer, you are required to rightly handle the word of truth as a workman approved by God. Let us not fear, then, but let us boldly preach the gospel in every area of our lives, trusting God to do the saving work and knowing that our efforts, with His glory as our end goal, will please Him.
If you want to study the scriptures and learn more about the truth of the gospel, join our weekly Bible Study every Friday morning at 6:30 Eastern time, 5:30 Central time. Click here to learn how to join.
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FOR THE WEEK: Wall Street Closes Higher on Bets for Fed Rate Cut
The DJIA added 625.03 points, or 1.6%, to close at 40,000.90.
The Nasdaq rose 45.69 points, or 0.25%, ending at 18,398.45.
The S&P added 48.16 points, or 0.9%, closing at 5,615.35.
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The Dow Jones Industrial Average gained 247.15 points, or 0.62%, to close at 40,000.90; the Nasdaq Composite rose 115.04 points, or 0.63%, ending at 18,398.45; the S&P added 30.81 points, or 0.55%, closing at 5,615.35.
Wall Street stocks rallied on Friday, with the S&P 500 and Dow Jones Industrial Average hitting record highs on optimism that the Federal Reserve will begin cutting U.S. interest rates in September, while big lenders fell after reporting mixed results.
Health care stocks rose Friday afternoon, with the NYSE Health Care Index gaining 1.1% and the Health Care Select Sector SPDR Fund (XLV) adding about 0.9%.
Tech stocks were advancing late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 0.8% and the SPDR S&P Semiconductor ETF (XSD) adding 1.4%. The Philadelphia Semiconductor index spiked 1.1%.
Financial stocks were higher in late Friday afternoon trading, with the NYSE Financial Index adding 0.8% and the Financial Select Sector SPDR Fund (XLF) up 0.5%.
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Consumer stocks rose late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) gaining 2%.
Energy stocks rose late Friday afternoon, with the NYSE Energy Sector Index adding 0.4% and the Energy Select Sector SPDR Fund (XLE) up 0.3%.
The Philadelphia Oil Service Sector Index climbed 1.1%, and the Dow Jones US Utilities index gained 1.4%.
West Texas Intermediate crude oil fell 0.5% at $82.19 a barrel, while global benchmark Brent decreased 0.4% to $85.05 a barrel. Henry Hub natural-gas futures spiked 2.4% to $2.32 per 1 million BTU.
Gold prices held above the key $2,400 per ounce pivot on Friday and were headed for their third straight weekly gain. US gold futures edged 0.1% lower to $2,419.10. Spot silver slipped 1.6% to $30.93 per ounce. Platinum dipped 0.7% to $997.25 and palladium slipped 2.1% to $974.18.
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We are thrilled to announce that Financial Issues is now airing on NRB TV, every weekday at 2 pm EST, right after the popular 700 Club! The expansion allows us to potentially reach 39 million new households via DirecTV and NRB's streaming platforms. This fantastic opportunity - to welcome more people into the FISM family and make a greater impact on the culture through biblically responsible investing - was made possible by your loyal support. Thank you for your unwavering dedication to the ministry. We can't wait to see how the Lord will use this new platform to further our mission of equipping individuals to be good stewards of their resources and honoring God through their investments. | |
JUST THE NEWS, GROUNDED IN TRUTH. | |
FISM NEWS is a conservative news source that approaches each story from a biblical worldview. Watch FISM News weekdays at 5pm ET 4pm CT on fism.tv/watch. | | |
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Biden Hopes ‘Big Boy’ Presser Righted Election Ship, But Allies Dwindle
A combination of the lingering sting of the first presidential debate, news of a Parkinson’s expert visiting the White House, and fallout from the first “big boy press conference” in U.S. history has President Joe Biden in his most precarious position to date.
While the majority of Democrats have remained mostly aligned with Biden and publicly supportive of his reelection bid, a starkly different story is beginning to play out behind the scenes.
Thursday night, CNN’s Edward-Isaac Dovere and Jeff Zeleny reported that former President Barack Obama and former Speaker of the House Nancy Pelosi have met privately to discuss Biden’s prospects in 2024.
Read More
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NATO Says Ukraine Is on an “Irreversible” Path to Membership
Yesterday, the NATO alliance announced that “Ukraine’s future is in NATO.” Here’s NATO Secretary General Jens Stoltenberg announcing Ukraine’s future membership.
NATO wrote that the Eastern European country has met the requirements for “democratic, economic, and security reforms.” The statement said that the group will extend an invitation to Ukraine “when allies agree and when conditions are met.”
NATO also said that they will continue to support Ukraine’s progress in democratic and security reforms which will be assessed annually.
Watch Here
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AOC Issues Articles of Impeachment Against Justices Thomas and Alito
Yesterday, progressive Congresswoman Alexandria Ocasio-Cortez (D-NY) introduced articles of impeachment against Conservative Justices Clarence Thomas and Samuel Alito, alleging “unchecked corruption.”
Republicans say it’s an effort to delegitimize the Supreme Court. Last week, AOC vowed to file impeachment articles following the court’s ruling on presidential immunity, claiming the court “has become consumed by a corruption crisis beyond its control.” The ruling also prompted attacks from President Joe Biden.
Watch Here
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House Passes Bill on Proof of Citizenship
The House passed a proof of citizenship bill for voter registration yesterday.
The vote happened largely along party lines, with five Democrats voting in favor of the legislation. The Biden administration “strongly opposed” the measure, saying there are laws already in place to block noncitizens from voting.
But for Republicans, election integrity has been a huge talking point since former President Trump claimed that Democrats allow illegal immigrants into the country to boost liberal electability.
Watch Here
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WATCH PREVIOUS EPISODES
WITH DAN CELIA
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LISTEN TO THE OLD FINANCIAL ISSUES programs hosted by our beloved founder, Dan Celia, as he passionately told it like it was, from a biblical perspective. His wisdom and insight are still applicable today. | |
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BIBLICALLY RESPONSIBLE INVESTING
FOR OVER 25 YEARS
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THE FIRST OF ITS KIND, Timothy Plan is a family of mutual funds that utilize Biblically Responsible Investing filters to ensure that no money is invested in companies that are supportive of ideals that are contrary to our Biblical moral imperative. Pro-family, Pro-life,
Pro-Community: Timothy Plan aligns your financial stewardship with the Godly principles you strive to exhibit every day.
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The FISM (Financial Issues Stewardship Ministries) is the home of the program Financial Issues which focuses on financial headlines, investing, politics and encourages people to be thoughtful stewards of the money God has entrusted to them. Financial Issues is a live call-in radio and TV program heard and watched internationally. | |
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Confidentiality:This message is intended only for the use of the individual or entity to which it is addressed, and may contain information that is confidential in nature. Any distribution, copying or disclosure of this material by any individual or entity other than the intended recipient is strictly prohibited. If you have received this message in error, please notify Financial Issues Stewardship Ministries immediately and delete this message.
Disclaimer: The information and data provided in this communication is meant for informational purposes only. It is the option of an individual and should not be regarded as an offer to sell, a solicitation to buy, or a recommendation of any security, or as an offer to provide financial planning or investment advice. You should consult with your Financial Planner, Adviser and your Tax Account to make sure of the suitability for you of any investment you make. Understand that ALL investments contain risk of loss of principal and that should always be considered before investing. The user bears the sole responsibility of evaluating the merits and risks associated with the use of any information obtained from Financial Issues Stewardship Ministries, Daniel J. Celia, or Shana Burt of Exodus Financial Services and GA Repple. Although the information provided is obtained or compiled from sources believed to be reliable, Financial Issues Stewardship Ministries, Daniel J. Celia and Shana Burt of Exodus Financial Services and GA Repple do not guarantee the reliability, accuracy, timeliness or completeness of any information or data made available to the recipient of this message for any particular purpose.
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