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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Pressing Forward Campaign Extension
Thank you to everyone who prayed, sent a note, called in with encouragement, and/or donated during our Pressing Forward campaign. We could never do what we do without your faithful support! On Tuesday, as a specific answer to prayer, we received a $50K match offer from a very generous partner. Since we only had a couple of days remaining in our fundraiser to get the word out, the anonymous donor graciously offered to extend the match opportunity to October 4th. Any money donated through next Wednesday will be matched up to $50K!
We praise God for His lovingkindness and for all of the faithful stewards running this race with us!
Please continue to pray with us over the last few days of our fundraiser. We are specifically praying for more monthly donor commitments, as the steady giving helps keep our ministry healthy and stable. We seek and trust God’s leading and provision and we appreciate all of your prayers!
If you would like to donate during the match, you may do so HERE.
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In a world of click bait, inflammatory headlines, and hyper partisan reporting, it can be a difficult task to sift through noise and get down to the solid truth. It can be just as trying on the reporting side to cut through the sea of information - and more importantly - not contribute to the chaos and confusion.
It doesn’t help that we live in an era where every news agency, even partisan ones, claim to be perfectly objective: “just news, no slants,” they say. But read any article on any website with that slogan at the top of the page and you will find a worldview full of hidden assumptions.
Everyone has a worldview and the binary nature of language often demands we express it. Is it “pro-life” or “anti-abortion”? A reporter will have to use one or the other.
FISM News is upfront with who we are - we are Christian and we are conservative - we make no bones about it. It’s not just a branding category, it's a belief system that inevitably informs how we decide what stories to tell and how to tell them.
That doesn’t mean we don’t strive to tell the truth, just the opposite, actually. It’s our commitment to truth-telling that compels us to be open about our point of view. When we use the term “pro-life,” you know why: we’re Christians, we believe life is sacred and every person is made in God’s image.
At FISM we believe that we don't determine what is true. We believe that all truth is sourced in God and His Word - that is what undergirds our reporting.
Every news organization has a worldview and value system, we're just up front with ours. This is what sets us apart in a world that is inundated with news.
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Let your conduct be without covetousness; be content with such things as you have. For He Himself has said, “I will never leave you nor forsake you.” – Hebrews 13:5
In this passage, the writer to the Hebrews encourages believers to resist the common-to-man temptation towards greed. Other translations read, “Keep your life free from the love of money.”
No matter how much we have, all of us have a proclivity towards greed. We are tempted by the security and allure we think money brings. But greed only leads to dissatisfaction in the end. Therefore, what is the cure for greed? This verse gives us the answer: It is contentment. It is being satisfied with what we have, knowing everything we have a gift from God. Let us also remember that, when we trust in Christ for salvation, we have everything we could possibly hope for: Perpetual fellowship and intimacy with God, who will never leave us.
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 equity markets ended mixed Friday bracing for the imminent shutdown
The DJIA fell 456.34 points, or 1.3%, to close at 33,507.50.
The Nasdaq gained 7.51 points, or 0.06%, ending at 13,219.32.
The S&P lost 32.01 points, or 0.7%, closing at 4,288.05.
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The Dow Jones Industrial Average fell 158.84 points, or 0.47%, to close at 33,507.50; the Nasdaq Composite gained 18.05 points, or 0.14%, ending at 13,219.32; the S&P 500 lost 11.65 points, or 0.27%, closing at 4,288.05.
The S&P 500 ended lower on Friday as investors digested implications of a U.S. inflation report for the Federal Reserve's interest rate policy and adjusted their portfolios on the last day of a weak third quarter for stocks.
Health care stocks were lower Friday afternoon, with the NYSE Health Care Index falling 0.6% and the Health Care Select Sector SPDR Fund down 0.8%.
Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund rising 0.4% and the Philadelphia Semiconductor index gaining 0.5%.
Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund dropping 0.6% and the Consumer Discretionary Select Sector SPDR Fund rising 0.3%.
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Financial stocks were lower Friday afternoon, with the NYSE Financial Index down 0.7% and the Financial Select Sector SPDR Fund off 0.9%.
Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index dropping 1.3% and the Energy Select Sector SPDR Fund sliding 1.8%.
The Philadelphia Oil Service Sector index was posting a 2.3% drop and the Dow Jones US Utilities index was down 0.2%.
West Texas Intermediate crude oil declined to $90.89 a barrel while the global benchmark Brent crude was up slightly at $92.28 a barrel. Henry Hub natural gas futures were up at $2.93 per 1 million BTU.
Gold prices were on track for monthly and quarterly declines on expectations that the central bank may keep interest rates elevated for longer. Gold was down to $1,863.90 per ounce, and silver fell to $22.40 per ounce; platinum down at $1254.50 and palladium at $914.90.
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Republicans in the U.S. House on Friday rejected their own bill proposed to temporarily fund the government, making it all but certain that federal agencies will partially shut down beginning on Sunday.
Data showed the personal consumption expenditures (PCE) price index, excluding the volatile food and energy components, increased 3.9% on an annual basis for August.
Weekly applications for unemployment insurance in the US rose less than expected last week, while the four-week average slid for the fourth week in a row, data showed Thursday.
The U.S. economy is facing headwinds from a possible government shutdown, student debt payments restarting, higher interest rates and an autoworkers' strike, according to White House economic adviser.
Underlying U.S. inflation moderated in August, with the annual rise in prices excluding food and energy falling below 4.0% for the first time in more than two years.
U.S. new-vehicle sales are set to rise in September from a year ago, helped by sustained demand, according to Cox Automotive.
With shutdown looming, the US SEC Chief said companies should go public, making their Wall Street debut, before Friday.
The Phila Federal Reserve Bank's monthly non-manufacturing activity index fell to negative 16.6 in September from negative 13.1 in the previous month, indicating further contraction.
Sales of new U.S. single-family homes fell more than expected in August as the rate on the popular 30-year fixed mortgage jumped above 7%.
US home prices rose on a monthly and annual basis in July amid gains in the 10- and 20-city composites, S&P Global (SPGI) division S&P Dow Jones Indices said Tuesday.
Manufacturing activity in the US Midwest region fell more than expected this month and returned to negative territory as production and orders fell.
Manufacturing activity in the Mid-Atlantic region unexpectedly improved and swung into positive territory in September as new orders and shipments climbed.
The Kansas City Fed monthly manufacturing index fell to a reading of minus-8 in September from 0 in August, a larger drop than the decrease to minus-2 expected.
U.S. consumer confidence dropped to a four-month low in September, weighed down by persistent worries about higher prices and rising fears of a recession.
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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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To Avoid Shutdown, McCarthy Must Clear Gaetz-Sized Hurdle
Gaetz, by his own design, sits in a powerful position. He was the key holdout who forced McCarthy into a many-day wait to become speaker, and Gaetz is the member of the House who has most readily reminded McCarthy of the precarious nature of his speakership.
The threat of a federal government shutdown grows more pressing by the hour as the Oct. 1 deadline Congress faces to pass a spending bill is only 48 hours away.
As was the case a week ago, when FISM first examined the nature of the latest standoff, the prospect of Democrats and Republicans finding common ground is complicated by the fact that House Republicans have yet to smooth over their in-party differences.
Read More
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Ford Pauses Billion-Dollar EV Battery Project Amid GOP Scrutiny Over CCP Ties
A senior Biden official stated last week that the U.S. won’t be able to cut China out of the crucial minerals supply chain.
Ford told Fox Business in a statement that work on the factory has been paused and that spending would be limited but declined to comment on what led to the decision. The Detroit-based company also said that it has not made a final decision about the future of the project.
Michigan Gov. Gretchen Whitmer praised Ford’s February announcement of its agreement to use services provided by China-based Contemporary Amperex Technology (CATL) to manufacture battery cells at the plant. Republicans and national security experts, however, excoriated the company for teaming up with a CCP-linked firm, let alone on such a large investment.
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Millions Participate in 33rd ‘See You at The Pole” School Prayer Event
“We have always been interested in having the moment of See You at the Pole move towards a movement of prayer,” Clark told the Baptist Press on Monday. “We feel like that’s one of the most powerful legacies See You at the Pole can provide.”
“Wholehearted” was the theme of this year’s event, inspired by Jeremiah 29:13 in which the Lord declares to captive Israelites in Babylon: “If you look for me whole-heartedly, you will find me.”
The student-led, grassroots prayer rally began in 1990, when 10 Burleson, Texas, teenagers felt led by the Lord to pray for their school. Today, millions of students and faculty members participate in what has become a global prayer movement.
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Report: August Migrant Encounters Reach 200k as Officials Scramble to Catch Up
U.S. Customs and Border Protection (CBP) reported on Sept. 22 that migrant encounters for the month of August totaled 232,972. This number surpassed encounters in June and July by roughly 137,000.
“(The CBP’s) operational tempo along the border has increased in response to increased encounters, and we remain squarely focused on our broader security mission and enforcing U.S. immigration laws…The men and women of CBP continue to work, day in and day out, to protect our nation, disrupting the entry of dangerous people and dangerous goods into the country while providing humanitarian care for vulnerable individuals,” Troy A. Miller, Senior Official Performing the Duties of the Commissioner, said.
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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