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. | |
We are thrilled to announce that starting June 10th, Financial Issues will air 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. | |
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If you love me, you will keep my commandments. - John 14:15
Many in our culture have claimed to understand what the meaning of “love” is. For many, to love people means “tolerance” or “acceptance.”
The meaning of true love is radically different for the Christian. Our outward exhibitions of love for others are to be driven solely by our love for God. The Bible is clear - the evidence of our love for God is that we are obedient to Him. This is not a statement of salvation by works, mind you. Instead, this is a clear picture of the necessity for the Christian to live in obedience to God in everything. Let us love our Lord, therefore, by living in obedience to the clear and true commands found in His perfect Word.
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: US benchmark equity indexes closed lower Friday.
The DJIA added 112.67 points, or 0.3%, to close at 38,798.99.
The Nasdaq gained 398.11, or 2.4%, ending at 17,133.13.
The S&P rose 69.34 points, or 1.3%, closing at 5,346.99.
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The Dow Jones Industrial Average dropped 87.18 points, or 0.22%, to close at 38,798.99; the Nasdaq Composite fell 39.99 points, or 0.23%, ending at 17,133.13; the S&P lost 5.97 points, or 0.11%, closing at 5,346.99.
US benchmark equity indexes closed lower Friday as official data showed that nonfarm payrolls and wage growth for May exceeded Wall Street's expectations.
Health care stocks were higher Friday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each rising 0.3%.
Tech stocks were mixed late Friday afternoon with the Technology Select Sector SPDR Fund (XLK) increasing 0.2% and the SPDR S&P Semiconductor ETF (XSD) falling 2.2%. The Philadelphia Semiconductor index fell 0.5%.
Financial stocks were mixed in late Friday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund rising 0.6%.
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Consumer stocks were lower late Friday afternoon with the Consumer Staples Select Sector SPDR Fund down 0.5% and the Consumer Discretionary Select Sector SPDR Fund shedding 0.4%.
Energy stocks declined late Friday, with the NYSE Energy Sector Index shedding 0.6% and the Energy Select Sector SPDR Fund (XLE) down 0.2%.
The Philadelphia Oil Service Sector Index was posting a 0.1% increase, and the Dow Jones US Utilities index was falling 0.9%.
West Texas Intermediate crude oil fell 0.3% to $75.32 a barrel while the global benchmark Brent crude contract decreased 0.6% to $79.43 a barrel. Henry Hub natural gas futures jumped 3.7% to $2.93 per 1 million BTU.
Gold accelerated declines on Friday. U.S. gold futures settled 3.5% lower to $2,305.70. Silver futures were down at $29.285 per ounce, Platinum was down at $971.60; Palladium was down at $918.00.
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Nvidia's highly anticipated 10-for-1 share split is due after markets close and could make the more-than-$1,000 stock cheaper for investors.
Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company.
As Nvidia threatens to dethrone Microsoft as the world's most valuable company, at least a few investors are betting its soaring shares will return to earth.
The U.S. Justice Department and the FTC have reached a deal that clears the way for potential antitrust investigations into Microsoft, OpenAI and Nvidia.
The U.S. economy created far more jobs than expected in May and annual wage growth reaccelerated, underscoring the resilience of the labor market and reducing the likelihood the Federal Reserve will be able to start rate cuts in September.
Investors will closely watch next week's inflation numbers and Federal Reserve meeting for clues on whether the soft landing hopes that drove stocks to record highs are still justified.
U.S. manufacturers are gradually emerging from a prolonged but shallow slowdown over the last two years, but progress has been fitful.
Stifel investment bank analysts warned clients in a Tuesday note that stocks are poised for another sell-off that could cause S&P 500 to plunge 10% by the end of the third quarter.
An emerging Texas stock exchange is being supported by BlackRock Inc., Citadel, and other investors in an effort to take on the New York Stock Exchange and Nasdaq Inc.
Almost two-thirds of middle-class Americans say they are struggling with economic hardship, according to a National True Cost of Living Coalition poll.
A recent Axios/Harris survey found that Americans distrust companies that push transgender and other radical ideologies - including some independents and Democrats.
Oil rose in early Asian trading on Thursday on rising expectations the Fed will cut interest rates in September, and as the market rebounded from a selloff related to growing U.S. inventories and an OPEC+ plan to increase supply.
The number of people claiming unemployment benefits in the US surged by 8,000 to 229,000 for the week ending June 1, surpassing market expectations of 220,000.
The Goods and Services trade deficit widened to $74.6 billion in April. Year-to-date, the goods and services deficit increased $5.5 billion, or 2.0%, from the same period in 2023.
Non-farm business sector labor productivity increased 2.9% YoY, percent, the largest
four-quarter increase since the Q1 2021, when the measure rose 5.9%.
A new Bloomberg Economics report shows that monthly non-farm payroll prints overstated job growth by an estimated 730,000.
The demand for higher-paying workers is declining, reflecting a two-tier job market where hiring for blue-collar jobs has flourished while hiring for white-collar jobs has stagnated.
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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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As Nations Memorialize D-Day, Fears Mount Over Next Great Conflict
Eighty years ago Thursday, the unquestioned forces of good - soldiers from the United States, Great Britain, and Canada - stormed onto the beaches of Normandy and overcame brutal fighting conditions and immense casualties to gain a necessary Allied foothold in Europe.
History remembers D-Day well, and well it should. Without D-Day, the world of 2024 might have looked quite different.
Yet. as old allies gathered in Northwest France to memorialize the achievements of a disappearing Greatest Generation, two contemporary questions continued to creep up. When will the next major world conflict begin and what role will the United States play?
Read More
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Pro-Choice’ Left Seeks to Make Abortion the Only Option for Women Facing Unplanned Pregnancies
“Nobody in the media, marketing, and advertising world wants to admit how heavy and hard this [conservative backlash] has been."
U.S. companies are taking a more muted approach to Pride month this year than in 2023, with punishing conservative boycotts of Target and Bud Light still fresh on their minds.
Thirty percent of consumer brands toned down their Pride Month engagement strategy from last year, according to Gravity Research, a business consulting firm that offers firms reputational risk assessments.
Read More
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Texas Launches Top Ten Most Wanted List for Illegal Immigrants
Texas Governor Greg Abbott has launched a new Top Ten Most Wanted list for illegal immigrants.
Abbott says the list is specifically meant to help find repeat offenders. It’s coordinated with the state’s Department of Public Safety and offers rewards up to $5,000. Of the current Top Ten, six are wanted for sex crimes with children and one is accused of making terror threats.
This follows Biden’s new executive order limiting asylum claims between ports of entry at the southern border. Abbott says the president still isn’t enforcing federal laws.
Watch Here
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Bloomberg Report Debunks Biden’s Supposed Job Growth
A Bloomberg opinion piece is blowing a hole into Biden’s economics with a newly released report.
Bloomberg Opinion executive editor Robert Burgess posted on X this week that job growth under Biden is way less impressive than what we’ve been told. According to Bloomberg’s analysis, “monthly non-farm payroll prints likely overstates job growth by 730k last year–with hiring maybe even falling below zero in October.”
When the numbers are adjusted for these distortions, the current job growth is below 100k per month this year. This means that by the end of this year, true job growth will be likely overstated by at least a million.
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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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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