SEPTEMBER 22, 2023

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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Dear Friends, 


Would you partner with us for our Pressing Forward Campaign, September 15-30? FISM’s fiscal year ends this month, and every year we attempt to raise funds in September to strongly close the year. As committed as we are to raising funds for others, we also rely on the generosity of our listeners & supporters.


Philippians 3:13-14 has been a theme for our ministry this year.


13) Brothers, I do not consider that I have made it my own. But one thing I do: forgetting what lies behind and straining forward to what lies ahead, 14) I press on toward the goal for the prize of the upward call of God in Christ Jesus.


We are continuing in the theme of Pressing Forward for this year’s fundraiser because we want to invite others to join this race with us. As our culture becomes more aggressive in funding and spreading darkness, it can be tempting for Christians to bury their heads in the sand or feel incompetent to fight so large a giant. But we know that it is Satan, our enemy, who wants to make us feel powerless and without hope. God always has a remnant - and He equips His remnant for mighty works. 


Our goal for this next year is to provide more resources to help Christians be biblically responsible in their investments and to reach more people with the message that faithful financial stewardship is not only possible but also important.


Funds raised through this campaign will go toward upgrading our website and expanding partnership resources. We hope that these improvements will not only benefit our partners by making the website more user-friendly and functional, but will also encourage more people to enter this race.


For more information about the fundraiser, go to https://financialissues.org/forward/.


We are so thankful for all of you and your faithfulness to the Ministry over the years. Please feel free to contact me with any questions, concerns or ideas.


You are a blessing to us. 


In Christ’s Love, 


Yvonne Celia

yvonne@fism.tv

FISM PARTNER: MENDA STEVENS


WHERE DO YOU LIVE: Ellijay, GA


WHAT IS/WAS YOUR CAREER? Retired State Government


WHEN DID YOU BECOME A PARTNER? 2015


HOW DID YOU FIRST HEAR OF FINANCIAL ISSUES?

I started reading Dan's column in the AFA Newsletter.


YOUR PARTNERSHIP STORY

I retired from state government approximately 13 years ago and began spending more time on my finances and investing. I was not strong on the fundamentals, so I learned a lot from my husband, who has a finance degree and is now an accountant.


I came across a monthly column by Dan Celia and was very impressed with his knowledge of financial things. I later discovered his radio program and began consistently listening to him on the radio.


Becoming a partner with FISM was a “no-brainer” and I did that soon after beginning to listen to Dan. All of that great research from a great tutor for $85?! Or the $124 if you are a Prime Partner, which I am. I have been a partner for 8 years and will continue to be until “the cows come home,” which will be as long as I have breath.


HOW HAS BEING A PARTNER IMPACTED YOUR LIFE?

The way this ministry and its dedicated staff have impacted me… Well, how long do you have? First, the spiritual impact of knowing that all that I invest in, based on the recommendations of FISM, advances the Kingdom of my Lord and Savior Jesus Christ and does not support the entities that contribute to our moral decay. This is hugely important. To know that I am not only partnered with this ministry but with believers all over the country, even around the world, is a huge benefit. Also, hearing the gospel every day that FISM is on the radio, along with their investment advice, is of great benefit to me and hundreds of partners.


The most significant benefit of FISM is what I often hear Shana say – that FISM aims to expose Jesus for who He is and what He can do.


WHAT HAVE YOU FOUND TO BE THE MOST SIGNIFICANT BENEFIT OF PARTNERSHIP?

To help me be a faithful steward of what God has entrusted to me is the most significant benefit for me. It fills me with joy to be able to support such a great mission as FISM—to keep them on the airwaves, internet, and mobile devices – to help people apply godly and sound wisdom in all areas of life.


WHAT ADVICE WOULD YOU GIVE NEW PARTNERS OR THOSE CONSIDERING BECOMING A PARTNER?

Just Do It! You will never regret it! If you cannot afford $85 a year, or even $124 as a Prime Partner, you probably shouldn’t be investing.

Financial Issues is a partner supported ministry. We strive to give you the tools you need to be a biblically-responsible steward of your finances, portfolio, and all the Lord has given you.


To become a partner today, and get access to our asset allocation models, portfolio tracker, buy, hold, and sell lists, instructional videos click HERE. To donate to the ministry and help expand our reach click HERE.

ENCOURAGING SCRIPTURE

Brethren, I do not count myself to have apprehended; but one thing I do, forgetting those things which are behind and reaching forward to those things which are ahead, I press toward the goal for the prize of the upward call of God in Christ Jesus. – Philippians 3:13-14

 

The Christian life is a call to perseverance. We are not meant to be satisfied with the things of this world, because ultimately, this world is not our home.

 

The Apostle Paul likens the Christian life to a race. At the end of the race is a prize, and the prize is only given to those who win the race. For the Christian, the race begins at justification. We throw off the encumbrances and sin that so easily entangles to attain the prize, which is ours in full when we finish the race and make it home to glory. The prize is Jesus Christ Himself, perfect friendship and unending fellowship with Him for all eternity. What a great prize this is! Let us, therefore, press on with steadfastness and urgency. After all, the Prize, Jesus Christ, is better than anything else.

 

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.

WEEKLY MARKET RECAP

FOR THE WEEK: S&P 500, Nasdaq notch biggest losses since March


The DJIA dropped 654.40 points, or 1.9%, to close at 33,963.84.

The Nasdaq fell 496.52 points, or 3.6%, ending at 13,211.81.

The S&P lost 130.26 points, or 2.9%, to close at 4,320.06.

The Dow Jones Industrial Average dropped 106.58 points, or 0.31%, to close at 33,963.84; the Nasdaq Composite lost 12.18 points, or 0.09%, ending at 13,211.81; the S&P 500 fell 9.94 points, or 0.23%, closing at 4,320.06


Wall Street see-sawed to a lower close on Friday, capping a tumultuous week during which benchmark Treasury yields hit 16-year highs and investors digested the Federal Reserve's hawkish outlook revisions.


Health care stocks were slightly higher late Friday afternoon with the NYSE Health Care Index up 0.1% and the Health Care Select Sector SPDR Fund adding 0.3%.


Tech stocks were advancing late Friday afternoon with the Technology Select Sector SPDR Fund rising 0.5% and the Philadelphia Semiconductor index adding 1.1%.


Consumer stocks were declining late Friday afternoon with the Consumer Staples Select Sector SPDR Fund down 0.1% and the Consumer Discretionary Select Sector SPDR Fund shedding 0.5%.

Financial stocks were lower late Friday afternoon with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund off 0.3%.


Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index adding 0.4% and the Energy Select Sector SPDR Fund up 0.6%.


The Philadelphia Oil Service Sector index was posting a nearly 1% increase, and the Dow Jones US Utilities index was up 0.2%.


West Texas Intermediate crude was rising 0.7% to $90.22 a barrel, while global benchmark Brent was advancing 0.2% to $93.52 a barrel.


Gold prices rose early on Friday despite a higher dollar as bond yields weakened and investors looked for safety amid weak equity markets. Gold for December delivery closed up US$6.00 to settle at US $1,945.60 per ounce.


Energy stocks were higher late Friday afternoon, with the NYSE Energy Sector Index adding 0.4% and the Energy Select Sector SPDR Fund (XLE) up 0.6%.

NOTABLE MENTIONS

U.S. existing home sales unexpectedly fell in August as persistently tight supply boosted prices, and a further decline is likely amid a resurgence in mortgage rates.


McCarthy's attempt to restart his stalled spending agenda failed on Thursday when Republicans for a third time blocked a procedural vote on defense spending, raising the risk of a government shutdown.


Manufacturing activity in the Mid-Atlantic region fell back into negative territory this month as orders and shipments contracted.


Oil prices rose on Friday as concerns that a Russian ban on fuel exports could tighten global oil supply outweighed fears that further possible U.S. interest rate hikes could dent fuel demand, but they were still headed for a weekly loss in four.


The number of Americans filing new claims for unemployment benefits dropped to an eight-month low last week, pointing to persistent labor market tightness even as job growth is cooling.


The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened its hawkish stance, with another rate increase projected by the end of the year and monetary policy kept significantly tighter through 2024 than previously expected.


Uranium prices are likely to extend a blistering rally and end the year more than 50% higher as mounting worries over climate change accelerate a global shift to cleaner sources of energy including nuclear power, analysts said.


The UAW will expand its strikes against Detroit automakers General Motors ( GM ) and Chrysler parent Stellantis ( STLA ), but has made real progress in talks with Ford Motor ( F ), the union said on Friday.


Natural gas stocks rose by 64 billion cubic feet to 3.269 trillion cubic feet in the week ended Sept. 15, up 14% from a year earlier and 5.9% higher than the seasonal average for the current week over the previous five years.


A full, lengthy shutdown of the U.S. government is "likely" at the end of the month and could leave the Federal Reserve reluctant to raise interest rates in November, according to analysts at PIMCO.


Current funding for most U.S. government programs except for the military and Social Security payments expires on Sept. 30.


Nationwide non-farm payrolls rose by 187,000 in August after a 157,000 gain in July.


Housing starts fell 11% to a 1.283 million annual rate in August, well below expectations, with single-family housing starts and multifamily starts both lower than in the previous month.

ANNOUNCEMENTS

Beginning Saturday, September 9th, 2023 our linear TV broadcast will only include FISM TV original programming, Financial Issues with Shana Burt and FISM News. You can watch Financial Issues Live weekdays at 9am ET and FISM News at 7pm ET. 

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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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FEATURED STORIES

Republican Infighting Makes Real the Possibility of Shutdown


A government shutdown means the end of nonessential government functions and the furlough of nonessential federal employees until the problem is resolved.

 

Shutdowns have happened before. Democrats proudly allowed a shutdown during the Trump presidency.  

 

But since President Joe Biden took office, the threat has always seemed to be just that - a hallow coercion tactic Democrats or Republicans used in a veiled attempt to apply public pressure to their rivals.

 

Read More

Fed Holds Rates Steady, Signals One More Hike Before Year’s End


The majority of Fed officials present at Wednesday’s meeting anticipated that rates will increase by another quarter point this year to 5.6%, based on new economic projections released after the meeting. Fed officials expected their target interest rate to rise above 5.5% this year, signaling one additional rate hike by December.

 

“We’re prepared to raise rates further, if appropriate, and we intend to hold policy at a restrictive level until we’re confident that inflation is moving down sustainably toward our objective,” Chairman Jerome Powell told reporters at a post-meeting press conference.


Read More

Texas Lawmaker Introduces Bill to Repeal FACE Act Following Slew of Pro-Life Felony Convictions


Rep. Chip Roy (R-Texas) on Tuesday introduced legislation to repeal the Freedom of Access to Clinic Entrances (FACE) Act. Roy is among several Republican lawmakers who have accused the Justice Department of abusing the FACE Act to prosecute pro-life advocates. The law, which was enacted in 1994, “prohibits threats of force, obstruction and property damage intended to interfere with reproductive health care services.” 

 

Roy told the Daily Caller in a prepared statement that he introduced the legislation because Americans should not “live in fear” that they will be targeted by the U.S. government for their beliefs.


Read More

Biden, Netanyahu Pledge to Work Toward Israeli-Saudi Normalization


In the midst of the U.N. General Assembly this week, President Joe Biden had a chance to sit down with Israel’s Prime Minister, Benjamin Netanyahu, marking the first discussion between the two since Netanyahu returned to power in December.

 

During their conversation, Biden pressed his counterpart to find a compromise on Netanyahu’s controversial judicial overhaul plan and also repeated his support for a two-state solution to the Israeli-Palestinian conflict. Meanwhile, Netanyahu pledged to work with Biden to forge a peace deal between Israel and Saudi Arabia. 


Read More

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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WITH DAN CELIA

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

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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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www.financialissues.org / www.fism.tv

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.


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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