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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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Throughout May, FISM is partnering with PreBorn to "Fund the Light" by seeking to provide 50 ultrasound machines to pro-life centers around the country.
Your generous donation of $28 will provide a scan to a mother in crisis and help her choose life. With the help of a donor match, for every 200 scans donated (net value $5,600), PreBorn ministries will be gifted an ultrasound machine (a typical $15,000 cost) to place at a clinic in need. Each machine has the potential to impact thousands upon thousands of mother's choices. PreBorn also offers additional support to mothers in need and presents the gospel to every mother who comes into their clinics, knowing salvation is the greatest gift that can be given to a mother and her child.
There is no better way to honor the woman who gave you life this Mother's Day than to give the gift of life to an unborn child.
AND as a huge additional blessing, the donor who set up the match for PreBorn has also offered to give a donation to FISM dollar for dollar for all donations given to PreBorn throughout the campaign. This gives all donors the opportunity to have their donation have more than triple the impact.
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In The Know: Week of May 10, 2024
Unemployment Claims Surge While Mortgage Rates Tick Down Slightly
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But let your adorning be the hidden person of the heart with the imperishable beauty of a gentle and quiet spirit, which in God's sight is very precious.- 1 Peter 3:4
As we prepare to celebrate the mothers in our lives this weekend, let us be reminded of what God said is precious in His sight regarding the biblical standard of womanhood.
As God is pleased with a man who is strong and courageous and protective, so He is equally pleased with a woman who has adorned herself with the inward beauty of a gentle and quiet spirit. Women were created by God with a natural proclivity towards tenderness and compassion, and these things are wonderfully pleasing to God. Ladies, whether you are a mother or not, may you be encouraged in the gospel this weekend as you seek to exhibit gentleness, kindness, and righteousness of heart, exemplified in your Heavenly Father.
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 up, another weekly gain ahead of inflation data
The DJIA added 837.16 points, or 2.2%, to close at 39,512.84.
The Nasdaq gained 184.54 points, or 1.1%, ending at 16,30.87.
The S&P rose 94.89 points, or 1.9%, closing at 5,222.68.
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The Dow Jones Industrial Average gained 125.08 points, or 0.32%, to close at 39,512.84; the Nasdaq Composite lost 5.40 points, or 0.03%, ending at 16,340.87; the S&P added 8.60 points, or 0.16%, closing at 5,222.68.
U.S. stock indexes were mixed on Friday, but on track for weekly gains ahead of key inflation readings next week that could provide more clues on how soon the Fed will start cutting interest rates.
Health care stocks rose late Friday afternoon with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund each increasing 0.3%.
Tech stocks were mixed in late Friday afternoon trading with the Technology Select Sector SPDR Fund (XLK) up 0.4% and the SPDR S&P Semiconductor ETF (XSD) decreasing 0.7%. The Philadelphia Semiconductor Index rose 0.8%.
Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each rising 0.4%.
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Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.5%.
Energy stocks declined late Friday afternoon with the NYSE Energy Sector Index and the Energy Select Sector SPDR Fund (XLE) each falling 0.6%.
The Philadelphia Oil Service Sector Index dropped 1.4%, and the Dow Jones US Utilities index was little changed.
West Texas Intermediate crude oil fell 1.2% to $78.28 a barrel while the global benchmark Brent crude contract declined 1.3% to $82.82 a barrel. Henry Hub natural gas futures dropped 1.8% to $2.259 per 1 million BTU.
Gold for June delivery was last seen up $34.40 per ounce to $2,374.70 per ounce, recovering from the month low of $2,302.90 on April 30. Silver futures were up at $28.44 per ounce, Platinum was up at $1006.40; Palladium was up at $984.00.
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The Biden administration is once again seeking bids to refill the Strategic Petroleum Reserves.
The pharmaceutical giant AstraZeneca is withdrawing its COVID-19 vaccine worldwide citing low demand and after rare side effects revealed.
A new Zillow report found that there are now 550 U.S. cities where home values average $1 million or more, compared to 491 cities last year.
U.S. wholesale inventories fell in March, confirming that inventory investment was a drag on economic growth in the first quarter.
US unemployment claims surged by 22,000 to 231,000 for the week ending May 4, the highest number of claims since Nov. 2023 and well above market expectations of 210,000.
A new analysis from transportation and logistics company Ryder Systems showed that electric trucks are bad for business.
President Biden falsely claimed in an interview that aired on CNN Wednesday that inflation was 9% when he came into office. (Inflation was actually 1.4%.)
Former White House Council of Economic Advisers Chair Kevin Hassett sounded the alarm this week that a Trump conviction would pose a major risk to U.S. financial stability.
Planned Parenthood announced this week that they will be shutting down another abortion facility in Pennsylvania, making it 17 facilities that have shut down in PA since 2010.
Falling crop prices are leaving agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices.
Target is planning to cut LGBTQ-themed merchandise from some of its stores during Pride Month this June, Bloomberg News reported on Thursday, after a backlash hit sales of the retailer last year.
U.S. mortgage rates fell this week for the first time in more than a month amid signs of slowing economic activity, but remain too high to provide a significant boost to the housing market.
Consumer sentiment plunged 13% in May to 67.4 from 77.2 in April following three consecutive months of very little change.
Nearly 70% of U.S. retirees are concerned that they will outlive their assets, according to Schroders’ 2024 US Retirement Survey released on Thursday.
Homes with an outstanding loan at least 25% more than the market value rose from 2.6% to 2.7% in the first quarter, according to new data released Thursday by ATTOM.
Utilities and Consumer staple sectors are fueling a stock rebound from a rough April.
Both sectors typically outperform when the economy is in a downturn.
Novavax has signed a multibillion-dollar deal with French drugmaker Sanofi to co-commercialize the company’s Covid vaccine starting next year.
Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles.
McDonald's U.S. franchises are considering launching a $5 meal deal, a source familiar with the matter said on Friday, as the fast-food chain looks to draw more inflation-hit customers to its restaurants.
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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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RFK Jr.’s Abortion Shift Raises Question of Alignment with Other Christian Values
When Robert F. Kennedy Jr. emerged as a potential third option for president in 2024, he did so primarily on the notion that he was both different from the norm and a bridge to a bygone, more sensible era.
Since mid-2023, Kennedy has enjoyed significant support among Evangelicals – enough so that his polling projects him to take votes from Trump and Biden this November – and he continues to seek political capital on the idea that he is a friend to the American everyman.
However, as the months have gone by, the veneer of Kennedy the friend of the traditionalist has gone from cracked to pockmarked as he’s revealed himself to be substantially more aligned with the left and progressivism on many matters.
Read More
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New York AG Letitia James Sues Pregnancy Help Centers Over Abortion Pill Reversal
New York Attorney General Letitia James is suing Heartbeat International and 11 crisis pregnancy centers in the state for promoting an abortion reversal medication. She accused the defendants of using “false and misleading statements” about the effectiveness of the progesterone medication.
James incorrectly asserted that “[a]bortions cannot be reversed,” and that “treatments that claim to do so are made without scientific evidence and could be unsafe.”
She went on to claim that Heartbeat International and the other named parties in the suit are “spreading dangerous misinformation by advertising 'abortion reversals' without any medical and scientific proof.”
Read More
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States Scramble to Answer AI Threat Before November
States are scrambling to overcome the deepfake and artificial intelligence threats before the upcoming election.
That threat has already been seen after a robocall with a falsified message from President Biden warned New Hampshire residents not to vote in the primaries earlier this year. Arizona is fighting back with a groundbreaking two-day training program that makes election administrators face different deepfake scenarios.
Arizona’s Secretary of State describes one of the situations, which uses his likeness and voice to craft a welcome video as a warning for how realistic deepfakes can be. Those have since been destroyed.
Watch Here
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House Speaker Johnson Introduces Bill Barring Illegal Immigrants from Voting
The House GOP unveiled a bill to bar illegal immigrants from voting yesterday.
House Speaker Mike Johnson introduced the act nearly a month after he first signaled he would push to have individuals provide proof of citizenship, when registering to vote. According to the House Speaker, hundreds of thousands of illegal immigrants could vote in November.
The current law only requires proof of identity like a driver’s license or Social Security number when registering to vote. Republicans say that doesn’t go far enough.
Watch Here
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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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