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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All Scripture is given by inspiration of God, and is profitable for doctrine, for reproof, for correction, for instruction in righteousness, that the man of God may be complete, thoroughly equipped for every good work.
~ 2 Timothy 3:16
This passage speaks both to the sufficiency of Scripture and the inerrancy of Scripture. All of the Bible, the entirety of the 66 books, is inspired by God (literally “breathed-out” by God). The Word of God that we hold in our hands or digitally on our phones is, literally, the words of God Himself. Believer, take confidence in the word of God. As you seek to steward your money in a God-honoring way, do not look to the news media or even financial experts for your ultimate direction. Use these things wisely, but do not put your ultimate confidence in them. Open your Bible and read the word of God. Make it be your primary source for all life and godliness. As the great 19th century Baptist preacher Charles Spurgeon once said, “Visit many good books, but live in the Bible.”
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 St Falls as Hawkish Fed Comments Sap Risk Appetite
The S&P 500 lost 61.26 points, or 1.4%, ending at 4,348.33.
The Dow dropped 571.69 points, or 1.7%, to close at 33,727.43.
The Nasdaq fell 197.05 points, or 1.4%, closing at 13,492.52.
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The Dow Jones Industrial Average dropped 219.28 points, or 0.65% to close at 33,727.43; the S&P 500 lost 33.56 points, or 0.77%, ending at 4,348.33; the Nasdaq Composite fell 138.09 points, or 1.01%, closing at 13,492.52.
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Wall Street's main indexes fell on Friday and were set for weekly declines as hawkish comments from Federal Reserve officials fueled worries of interest rates staying higher for longer.
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U.S. business activity fell to a three-month low in June as services growth eased for the first time this year and the contraction in the manufacturing sector deepened, closely watched survey data out Friday showed.
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The US Federal Reserve is likely to boost rates twice more with a pair of 25 basis-point increases before the end of 2023, Stifel said in a note Friday.
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June’s Composite flash PMI reading revealed a weakening economic picture Friday, falling from 54.3 in May to 53 in June. The slowdown in global economic activity comes at a time when major central banks are emphasizing the need for further increases in interest rates to combat persistent inflation.
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Safe havens gained ground amid rising economic uncertainties. Gold closed higher on Friday following three days of losses that pushed the price of the precious metal to a three-month low, as investors moved to safe havens to cut risk amid rising interest rates.
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Forecasts for second-quarter U.S. earnings still look gloomy after a much-better-than-feared first quarter season as the likelihood of further interest rate hikes this year creates more potential risks for companies.
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Total crude oil inventories fell by 5.6 million barrels in the week ended June 16, with commercial oil inventories down 3.8 million barrels and stocks in the US Strategic Petroleum Reserve declined by 1.7 million barrels.
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US jobless claims hold at 20-month high which may be an early indication of a softening labor market in the face of the Federal Reserve's aggressive credit tightening.
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U.S. banks are pushing to soften a major regulatory proposal to hike bank capital requirements, worried it could prove too onerous, especially for lenders still reeling from the March banking crisis, according to six people briefed on the matter.
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The housing market showed further signs of stabilizing last month, as home resales rose slightly to a 4.3 million seasonally adjusted annual rate in May from an upward revised 4.29 million rate in April but were still down 20% from May 2022.
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Summer Programming Alert
Are you a partner who has a question for Shana? During the summer months, each Monday Shana will be answering partner-only questions during two of the show's segments. In order to have your question considered, please email pat@fism.tv by Wednesday with your name, a brief question and age if applicable. Then listen to Monday’s show to see if your question was answered.
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We are excited to announce the launch of Financial Issues with Shana Burt on all 398 CSN stations around the country.. The show is broadcast at 2:30 p.m. ET (1:30 p.m. CT, 12:30 p.m. MT, 11:30 a.m. PT), Monday through Friday, on these stations.
The CSN broadcast is a 30-minute "abridged" rebroadcast of the day's hour-long program. The show continues to be live from 9:00-10:00 a.m. ET and you can continue to listen in during this time on the app, the website, and most current stations.
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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 7pm ET 6pm CT on fism.tv/watch | | |
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① Seething over Hunter Plea, Republicans Redouble Effort to Demonstrate 2-Tier System
Hunter Biden will not likely face any serious repercussions for his pending guilty plea and diversionary program, but Republicans think his slap-on-the-wrist treatment might ultimately prove more damaging to his father’s reelection campaign.
Read More
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③ Pentagon ‘Accounting Errors’ are Boon for Ukraine
The serendipitous surplus in weapons funding for Ukraine comes as congressional coffers for its defense against invading Russian forces are dwindling. It also means that President Joe Biden can send an additional $3 billion in military aid to Kyiv without the need for congressional approval.
Read More
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④ Study: Pastor Well-Being in Decline
As of March 2022, 42% of Christian pastors considered quitting the ministry, up 13 percentage points from 29% in January 2021, according to a separate Barna Research study. The top two reasons pastors listed for their desire to leave were the “immense stress” of the job (56%) followed by those who said they “feel lonely and isolated “(43%).
Read More
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⑤ Half of Americans Plan to Work Through Retirement
If you are rethinking your retirement plans due to the current state of the economy, you are not the only one. A recent survey published by RetireGuide found that 57% of Americans now plan to work during their golden years.
FISM CEO Dan Celia advised coming up with a strategy that focuses on creating permanent income, instead of continued wealth accumulation during retirement years.
Read More
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HAVE A NEWS TIP? | SUBMIT IT TODAY | |
TIPS FOR THE NEWS — FISM News is excited to announce that it now has a tip-line where you can submit ideas of stories that you think others should know about. | |
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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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AND WE COULD USE YOUR HELP
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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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