WATCH & LISTEN LIVE: WITH SHANA BURT | |
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 17, 2024
CPI and PPI Meet Expectations as Economy Remains Mixed
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Whoever despises his neighbor is a sinner, but blessed is he who is generous to the poor. - Proverbs 14:21
This verse reveals the inward condition of a heart that either hates or loves his neighbor, and it also shows us the result of this condition.
When we despise our neighbors, and specifically those around us who are needy, this reveals a sinful heart, one bound by hatred. This grieves the heart of God. On the other hand, when we are generous to those in need, this is evidence of a heart that genuinely loves its fellow man. This, in turn, is one of the evidences of our love for God. We are promised blessing from the hand of God when we love the needy. When we do this, we act in Christlikeness, for He first loved us as well when we were most needy.
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: All Three Major Indices had Weekly Gains.
The DJIA added 491.75 points, or 1.2%, to close at 40,004.59.
The Nasdaq gained 345.10 points, or 2.1%, ending at 16,685.97.
The S&P rose 80.59 points, or 1.5%, closing at 5,303.27.
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The Dow Jones Industrial Average gained 134.21 points, or 0.34%, to close at 40,004.59; the Nasdaq Composite dropped 12.35 points, or 0.07%, ending at 16,685.97; the S&P added 6.17 points, or 0.12%, closing at 5,303.27.
U.S. stocks were mixed in choppy trading on Friday on profit-taking after a weeks-long rally underpinned by data that supported expectations for interest rate cuts by the Federal Reserve this year.
Health care stocks eased Friday afternoon with the NYSE Health Care Index down 0.1% and the Health Care Select Sector SPDR Fund (XLV) marginally higher.
Tech stocks were mixed Friday, with the Technology Select Sector SPDR Fund (XLK) shedding 0.2% and the SPDR S&P Semiconductor ETF (XSD) little changed, erasing recent losses. The Philadelphia Semiconductor index fell 0.7%.
Financial stocks rose in late Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each adding 0.5%.
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Consumer stocks were mixed late Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) down 0.3% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.3%.
Energy stocks were higher Friday afternoon, with the NYSE Energy Sector Index rising 0.9% and the Energy Select Sector SPDR Fund (XLE) up 1%.
The Philadelphia Oil Service Sector Index added 0.1%, and the Dow Jones US Utilities index was shedding 0.1%.
West Texas Intermediate crude oil was rising 0.5% to $79.61 a barrel while the global benchmark Brent crude contract was advancing 0.4% to $83.63 a barrel. Henry Hub natural gas futures jumped 3.8% to $2.59 per 1 million BTU.
Gold pushed above the $2.400 level on Friday, rising to a record high. Gold for June delivery was trading up 1.4% to $2,418.40 per ounce. Silver futures were up 4.8% at $31.32 per ounce, Platinum was up at $1097.10; Palladium was up at $1011.50.
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The Dow crossed the 40,000 level for the first time on Thursday, notching a fresh all-time high and leading Wall Street gains a day after tepid inflation data bolstered hopes of interest-rate cuts.
From January 2021 to March 2024, overall inflation (seasonally adjusted) increased 18.9%. During the same period, the price of food jumped 21%, shelter costs increased 20.5% and energy costs rose 36.9%.
U.S. producer prices increased more than expected in April amid strong gains in the costs of services like portfolio management and hotel accommodation, indicating that inflation remained stubbornly high early in the second quarter.
Google parent Alphabet on Tuesday unveiled a product called Trillium in its artificial intelligence data center chip family that it says is nearly five times as fast as its prior version.
47% of U.S. adults said that money worries have caused them and other negative mental health effects. 65% of respondents cited inflation and high prices as their biggest concern.
The number of Americans filing new claims for jobless benefits fell last week, unwinding nearly half of the jump earlier this month, consistent with a gradually cooling labor market.
Data this week offered the U.S. Federal Reserve good news on two fronts but policymakers haven't openly shifted views yet about the timing of rate cuts investors are convinced will start this year.
The number of buyers in the U.S. considering an electric vehicle purchase in 2024 has fallen from a year ago due to a shortage of affordable cars, inadequate charging infrastructure and ignorance about EV benefits, a study by J.D. Power has shown.
President Biden falsely claimed for the second time in less than a week on Tuesday that inflation was 9% when he became president.
The rise of electronic trading and growing popularity of portfolio trading has had an unintended consequence for the US corporate bond market: making private credit even more attractive.
The Conference Board said the data suggest "serious headwinds" to US growth, particularly inflation, high interest rates and rising household debt, with expectations of real gross domestic product expected to slow to under 1% over the next few quarters.
Nearly half (48.6%) of small business owners are worried that they will not be able to stay afloat under a possible second Biden four-year-term, according to a new Freedom Economic Index survey.
On a monthly basis, inflation averaged 1.9% under Trump, compared to 5.5% under Biden. Gas prices increased 54% in the first 39 months of Pres. Biden’s term.
US home prices soared to their highest level on record last month as rising mortgage rates pulled some sellers and buyers off the market, while rents posted their first annual increase in 12 months, according to data published by Redfin (RDFN) on Friday.
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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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Americans Unite Around 3 Core Issues as Election 2024 Looms
If numerous polls are to be believed – there is a rational argument to be made and historical precedent to suggest they can’t always be – the 2024 presidential election will come down to a collection of generally shared worries for all Americans.
Even in a nation popularly described as divided, there are still some issues that unite the bulk of the country irrespective of political leaning. And, further evidence that most Americans are closer together than they are apart, none of the causes most often ascribed to the left or right figure to decide the election.
Read More
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WPATH Doctors Privately Discussed Devastation of Transitioning Kids Before Endorsing Procedures
Doctors at the influential World Professional Association for Transgender Health (WPATH) privately acknowledged the potentially devastating effects of child sex change procedures before publishing guidelines declaring them to be “safe and effective.” This is among several disturbing revelations in videotaped discussions.
“The transgender cult is a horror story beyond anything fiction writers could pen. Yet, America’s youth are subjected to it with the wholesale approval of our nation’s medical community,” Daily Caller commentary and analysis writer Mary Rooke wrote in an article published on Wednesday.
Read More
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Justice Alito Tells Graduates to Defend Free Speech and Religion
It looks like more conservative commencement speakers feel the urgency to speak to the next generation about timeless issues.
Justice Samuel Alito is the latest to give a graduation speech with a warning: defend free speech and religious liberty.
He gave that speech recently in Ohio at Franciscan University. He added, “Our legal system is built on the premise that it is possible for fair and open-minded people to solve their problems by reasoning together–by a process of rational and respectful argumentation. I hope you will take that approach in your lives.”
Watch Here
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Foreign Election Threats ‘Increasing,’ Says DNI Chief
With the presidential election fast approaching, officials are again sounding the alarm about foreign election interference. Director of National Intelligence Avril Haines testified before the Senate yesterday, where she warned of an “increasing” number of threats.
Haines blamed the usual suspects, namely Russia, China and Iran. She also noted the growing threat posed by AI.
House lawmakers are hearing similar testimony today.
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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