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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FISM Compounding Impact Campaign
As investors, we all know the principle of compounding interest and how it can exponentially grow your portfolio. There is a similar principle when Christians come together and combine their efforts to impact the culture for Christ.
As we close out our fiscal year, we are asking our partners and audience members to consider coming alongside us to compound their impact by giving to FISM. While being a biblically responsible investor is a conviction of the heart and stewardship is an individual responsibility, the more people engaged in the biblically responsible movement, the more powerful the impact will be on the corporate world and the culture at large - thanks to the compounding effect.
Will you consider giving to our year-end campaign and help FISM have a greater impact on the world for Christ? You can give to our campaign in a variety of ways including a one-time donation, becoming a monthly soldier, or becoming a legacy donor.
Go to our campaign page to find out more and give today!
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In The Know: Week of September 13, 2024
Key Inflation Numbers Set Up Next Week's Fed Meeting
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When I am afraid, I put my trust in you. - Psalm 56:3
In a fallen world, we will always have a proclivity to fear. Because this is a hostile world, we are surrounded by foes who want to destroy us.
We will be afraid. It is in those moments of fear that we must remember, as the Psalmist did, what to do when we are afraid: We put our trust in God. We take confidence in His protection and provision for us, knowing that He will bring us safely home. So when you are afraid, cry out to God. He will be near to you!
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 Street advances as traders' bets rise for bigger Fed rate cut
The DJIA added 1,048.37 points, or 2.6%, to close at 41,393.78.
The Nasdaq gained 993.15, or 6%, ending at 17,683.98.
The S&P rose 217.6 points, or 4%, closing at 5,626.02.
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The Dow Jones Industrial Average added 297.01 points, or 0.72%, to close at 41,393.78; the Nasdaq Composite rose 114.30 points, or 0.65%, ending at 17,683.98; the S&P gained 30.26 points, or 0.54%, closing at 5,626.02.
Wall Street's main indexes rose on Friday as investors reevaluated the possibility of a bigger interest rate cut by the Federal Reserve next week, with interest rate sensitive small cap stocks outperforming.
Health care stocks advanced late Friday afternoon with the NYSE Health Care Index up 0.1% and the Health Care Select Sector SPDR Fund (XLV) adding 0.2%.
Tech stocks rose Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) up 0.6% and the SPDR S&P Semiconductor ETF (XSD) climbing 2.3%. The Philadelphia Semiconductor index advanced 1.7%.
Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index adding 0.4% and the Financial Select Sector SPDR Fund (XLF) up 0.3%.
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Consumer stocks rose Friday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) increasing 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) adding 0.6%.
Energy stocks were rising late Friday afternoon, with the NYSE Energy Sector Index adding 0.5% and the Energy Select Sector SPDR Fund (XLE) up 0.4%.
The Philadelphia Oil Service Sector Index shed 0.3%, and the Dow Jones US Utilities index was advancing 1.1%.
West Texas Intermediate crude oil was steady at $68.97 a barrel, and the global benchmark Brent crude contract eased 0.1% to $71.88 a barrel. Henry Hub natural gas futures dropped 2.3% to $2.30 per 1 million BTU.
Gold prices powered higher on Friday, beating record levels, fueled by optimism that the Fed is on the brink of trimming interest rates. U.S. gold futures rallied 1% to $2,610.00. Palladium futures rose to $1,073.00. Silver rose to $31.085 and platinum was up at $1001.80.
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The federal government borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August.
PPI for final demand rises 0.2% in August; services increase 0.4%, goods unchanged.
The number of people claiming unemployment benefits in the US rose by 2,000 for the week ending Sept. 7 from the previous week to 230,000.
Oil prices rose for a third-straight session early on Friday with supply tight as Hurricane Francine shut in 42% of U.S. Gulf of Mexico production.
The median cost of housing for renters increased from $1,354 to $1,406 between 2022 and 2023, according to Census Bureau data released on Thursday.
The Biden administration released new draft rules Thursday to impose a 15% minimum tax on companies with more than $1 billion in income.
The Human Rights Campaign, an LGBTQ advocacy group, has launched an attack campaign against conservative activist Robby Starbuck.
Despite the increasingly partisan sentiment in the cryptocurrency industry, bitcoin will thrive over the long term regardless of who wins the U.S. presidential election in November.
Nearly 800,000 full-time jobs will disappear under Kamala Harris’s tax plan, according to studies published by the Tax Foundation.
The U.S. budget deficit reached $1.897 trillion for the first 11 months of the 2024 fiscal year, the Treasury Department said, as annual interest costs on the public debt topped $1 trillion.
Prices for nonfuel imports edged down 0.1% in August, after increasing 0.1% in July and 0.2% in June.
The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on. electric vehicles.
Boeing's U.S. West Coast factory workers walked off the job early on Friday after overwhelmingly rejecting a contract deal, halting production of their strongest-selling jet.
U.S. import prices declined 0.3% in August following increases of 0.1% percent in both July and June.
The University of Michigan's Consumer Sentiment Index ticked up higher to 69 from 67.9 in August, above market expectations of 68.
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JUST THE NEWS, GROUNDED IN TRUTH. | |
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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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FISM "News" Will Be Dissolved as of September 27, 2024
In an effort to be good stewards of the resources God has provided us, we have made the difficult decision to dissolve our news program as of September 27th, 2024.
We are thankful to all of you who have helped support this aspect of the Ministry for the past several years. We pray that the news was able to reach a different audience for the Kingdom that may have never listened to Financial Issues. Our goal has always been, and continues to be, to Expose Jesus for Who He is, what He means, and all He can do, and we plan to continue to do this as we engage the church and the culture at large with the message of stewardship and BRI through Financial Issues Stewardship Ministries.
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Taylor Swift’s Endorsement of Harris Matters, and that’s the Problem
Whether they loved or hated it, no one could deny this week that pop star Taylor Swift’s endorsement of Kamala Harris for president was important.
Certainly, the new and traditional media outlets wasted no time in, depending on their bent, finding innovative ways to explain away the announcement or celebrate it like they’d won the lottery, found the fountain of youth, and picked up the biggest prize in the claw game all at the same time.
Slate.com captured the spirit of the moment, at least for the left, with a headline that read “Sweet Relief: She did it, you guys. She finally did it.”
Read More
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Parsing Economic Fact from Fiction in Presidential Debate
In Tuesday’s presidential debate, the candidates made numerous claims and counter-claims about the relative merits of their economic policy proposals. Which claims were true?
“Kamala Harris is running a giveaway campaign,” Paul Mueller, a senior research fellow at the American Institute for Economic Research summarized. “Her approach, I think, to stimulating the economy is more of what we’ve seen over the past four years.
Harris also vilified Trump’s tax-cut plan, saying, “His plan is to do what he has done before, which is to provide a tax cut for billionaires and big corporations, which will result in $5 trillion to America’s deficit.”
Read More
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Speaker Johnson Halts Vote on Stopgap Bill after Republican Dissent
Yesterday, House Speaker Mike Johnson (R-La.) canceled a planned vote on a stopgap bill that would’ve required IDs for voter registration.
Johnson walked back his proposed vote on the bill after his party split on the legislation. He expected to come short by about 15 Republican votes. The speaker told reporters he’s having “family conversations” on the issue and that can take some time.
Johnson added that Congress’ two priorities right now are responsible government spending and ensuring free, secure and fair elections.
Watch Here
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Election Officials Concerned About USPS Ballot Delivery
With mail-in voting about to get underway, concerns are being raised about whether the Postal Service is up to the task.
This week, two leading election official groups urged the postmaster general to address widespread problems that have already disrupted voting in the primaries. These problems include long delivery times and local officials receiving properly postmarked ballots well after Election Day in nearly every state.
That’s in addition to many election officials reporting higher than usual rates of ballots being marked as undeliverable.
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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AND WE COULD USE YOUR HELP
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HELP US REACH A BROADER AUDIENCE by engaging with our social media posts. Every time you like, comment or share our content, you help us spread the word about biblical stewardship and multiply the impact of our Ministry. Tap the icon below to share now! | |
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KEEP IN TOUCH
WITH FISM.TV
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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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