January 21, 2022
"Stand fast therefore in the liberty by which Christ has made us free, and do not be entangled again with a yoke of bondage." 
Galatians 5:1
Market Recap

For the week, the DJIA lost 1,646.44 points, or 4.6%, to close at 34,265.37. The S&P 500 was down 264.56 points, or 5.67%, closing at 4,397.94. The Nasdaq dropped 1,124.83 points, or 7.6%, ending at 13,768.922.

The number of Americans filing new claims for unemployment benefits jumped to a three-month high last week, the third straight weekly increase.
 
Wall Street rebounded on Thursday with solid gains for technology and growth and investors sought bargains a day after the Nasdaq fell into correction territory.
 
U.S. bill targeting Big Tech approved by Senate panel despite hefty lobbying. The bill that would bar tech giants like Amazon.com from giving preference to their own businesses on their websites.
 
Canadian consumers will likely see higher prices and empty shelves because of disruptions stemming from a COVID-19 vaccine mandate for cross-border truckers, top trucking executives warned this week.
 
Manufacturing activity in the Mid-Atlantic region rose more than expected in January, while optimism over the next six-month growth expectations also strengthened, according to data released Thursday by the Federal Reserve Bank of Philadelphia.
 
Home resales fell by 4.6% in December from November to a 6.18 million seasonally adjusted annual rate; sales were down 7.1% from December 2020. All four US regions posted month-over-month sales declines in December and were down from year ago when sales were brisk.
 
Total crude oil inventories fell by 800,000 barrels in the week ended Jan. 14, with commercial oil inventories up 500,000 barrels and stocks in the US Strategic Petroleum Reserve down 1.3 million barrels. Gasoline inventories rose further last week while distillate oil stocks declined.

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Friday Recap: Wall Street Slide Deepens

Wall Street's main indexes dropped on Friday as Netflix shares plunged after a weak earnings report that also weighed on rivals, putting stocks on course to close out a gloomy week on a sour note.
 
S&P 500 had its third straight week of declines, as losses deepened for the Nasdaq after heading into correction territory earlier in the week, closing down over 10% from its November peak.
 
A gauge of future U.S. economic activity increased solidly in December, suggesting the expansion would continue despite challenges from the COVID-19 pandemic and anticipated interest rate increases.
 
Gold and other metals traded lower on Friday despite a weak dollar and rising bond prices, though it remains near a two-month high. This, after gold and silver touched fresh two-month highs on Thursday lifted by worries surrounding inflation and Russia-Ukraine tensions, while autocatalysts platinum and palladium extended the previous session's rally.

The Dow Jones Industrial Average fell 450.02 points, or 1.30%, to end at 34,265.37; the S&P 500 lost 84.79 points, or 1.89%, to close at 4,397.94; and the Nasdaq Composite dropped 385.098 points, or 2.72%, closing at 13,768.922.
 
For the week, the DJIA lost 1,646.44 points, or 4.6%, to close at 34,265.37. The S&P 500 was down 264.56 points, or 5.67%, closing at 4,397.94. The Nasdaq dropped 1,124.83 points, or 7.6%, ending at 13,768.922.

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AP Poll Shows Unfavorable View of Biden after First Year of Presidency
To see more of the answers on President Biden’s job after his first year in office, click this link to view the poll.
 
Ian Patrick, FISM News

A new poll conducted by the Associated Press alongside the NORC Center for Public Affairs Research is further validating Americans’ displeasure with President Joe Biden after his first year in office.
 
The poll, conducted from January 13-18 of this year, asked a myriad of questions from 1,161 adults about the president and the job he is doing. Unfortunately for Biden, most of the respondents didn’t look too favorably upon his body of work thus far.
 
An overwhelming 74% of respondents said that the country is heading in the wrong direction, with only 26% saying they believe America is on the right path. This follows a trend of steadily declining faith in the direction of the country since late April of 2021…(READ MORE)
 
New 'Ebola-Like' Virus Discovered in Bats is Spreading in China, Report Says
Researchers say they are trying to determine how bats could contribute to a potential epidemic.
 
Chris Lange, FISM News
Reports of an “Ebola-like hemorrhagic fever virus” spreading in China have recently surfaced, with the disease being described by one Chinese-state media outlet as “sharing similarity in early-stage symptoms with COVID-19.”
 
According to China’s Global Times, the northwest Shaanxi province has seen several cases of hemorrhagic fever which the report describes as a “natural epidemic disease with high fatality rate.” So far, the communist country has not released an exact number of fatalities from the disease which it says is spread by rodents and not “human to human” transmission.
 
Dr. Robert Malone, who created the mRNA technology used in the Pfizer and Moderna COVID vaccines, told “The War Room’s” Steve Bannon he believes China is covering up…(READ MORE)
SCOTUS Sides with January 6th Committee to Acquire Trump's White House Records
In addition, on Jan. 18 the committee sent out a fresh list of subpoenas to multiple people who were on President Trump’s legal team...
 
Ian Patrick, FISM News
The Supreme Court ruled that 45th President Donald Trump must turn over White House records from when he was in office to the Congressional January 6th Committee as they continue their investigation into the riot at Capitol Hill in 2021.
 
The Court ruled 8-1 one against Trump’s request in refusing to turn over his documents, issuing a one-paragraph ruling on the subject. Justice Clarence Thomas was the only one who would have granted Trump the ability to refuse.
 
While the Court did not explain their reasons for denying the request, they did take issue with the ruling from the Court of Appeals, saying their rationale in ruling…(READ MORE)
Plurality of Democrats Support Totalitarian Measures Against Unvaccinated Americans
…children should be taken away from unvaccinated parents.
 
Samuel Case, FISM News
A new Rasmussen Poll found that a majority of Democrats support harsh punishments for those who refuse to take the COVID-19 vaccine.
 
Specifically 59% of Democrats say that unvaccinated Americans should be confined to their homes, while 55% say they should receive a fine. Even scarier than that, though, twenty-nine percent…(WATCH VIDEO)
 

Voting Legislation Defeated in Senate as Manchin, Sinema Reject Filibuster Rule Change
In the same thread, Blunt wrote, “Democrats have tried and failed over the past 20 years to pass massive, partisan elections legislation...”.
 
Willie R. Tubbs, FISM News
In what can only be described as the process reaching its logical conclusion, Democrat-backed voting legislation failed to reach President Joe Biden’s desk after the Senate’s Wednesday-night vote on ending the filibuster failed.
 
Sens. Kyrsten Sinema (D-Ariz.) and Joe Manchin (D-W.V.) were true to their word and joined all Senate Republicans in voting against a motion that would have ended the filibuster, defeating the measure by a 52-to-48 margin.
 
Wednesday’s defeat does not spell the official end of voting rights legislation. Democrats can always seek new angles…(READ MORE)
Four Republican-Led States Have Regained Pre-COVID Job Numbers
…the former New York City Mayor Bill de Blasio’s private business vaccine mandate was the former mayor’s “final insult” to business owners.
 
Savannah Hulsey Pointer, FISM News
The states of Texas, Arizona, Utah, and Idaho are the only four states in the Union to have regained their pre-pandemic job numbers after several years of coronavirus pandemic-related unemployment. 
 
This is in sharp contrast to states like New York who, according to their state budget, has recovered less than two-thirds of the jobs lost to pandemic changes. 
 
According to a report by Fox Business News, the state of Texas has come back even stronger, outperforming their pre-COVID shutdown…(READ MORE
Study Shows that VAERS is Underreported by a Factor of 20
While the VAERS reporting system has several limitations, the study was not solely dependent on VAERS for their calculations.
 
Lauren Dempsey, FISM News
MS in Biomedicine and Law, RN
A study published last year contends that there have been many more adverse effects and deaths as a result of COVID-19 vaccines than previously thought and the risk associated with vaccines outweighs the benefit for those under the age of 25.
 
The authors of the study, Dr. Spiro P. Pantazatos, Assistant Professor of Clinical Neurobiology at Columbia University, and Dr. Hervé Seligmann, an infectious diseases expert at the University of Aix-Marseille in France, analyzed data from Europe, Israel, and the United States to determine the risk of reported adverse events associated with COVID-19 vaccines.
The two researchers wanted to evaluate the “risk-benefit ratio analyses of vaccination and boosters…(READ MORE)
 
US Warns Moscow May Invade Ukraine 'at any point' as Putin Positions Troops in Neighboring Belarus
Moscow, meanwhile, continues to deny an impending Ukraine invasion as Putin increases pressure on the West...

Chris Lange, FISM News
Tensions between the East and West over Ukraine continue to escalate, with the White House warning that Russia could invade Ukraine “at any point.”
 
Jen Psaki made the comments on Tuesday when addressing the tinder box at the Ukraine/Russia border in:
 
“We believe we’re now at a stage where Russia could at any point launch an attack on Ukraine. I would say that’s more stark than we have been.
Psaki also said that the situation at the border was “extremely dangerous” and that “no option is off the table, in…(READ MORE)
 
More House Democrats Bow Out of 2022 Reelection Race
Simultaneously, there are currently 14 House Republicans who are retiring or looking for other office.
 
Ian Patrick, FISM News
Two more Democrats in the House of Representatives announced on Tuesday that they will not be running for reelection in the 2022 midterm elections, bringing the total number to 28 compared to 14 Republicans. These numbers come at a time when the GOP feels optimistic of their prospects in taking the majority in both the House and the Senate come November.
 
Representatives Jim Langevin (RI) and Jerry McNerney (CA) were the most recent to announce their intentions to not run again in the upcoming midterms. Langevin, who was the first quadriplegic elected to Congress, gave his thoughts in an op-ed in The Providence Journal, saying “it is time for me…(READ MORE)
Michigan Democrats Pull Post Attacking Parent Involvement in Public Education
On Monday, the Michigan Democrats issued a new statement that attempted to distance themselves from the original post...
 
Lauren Moye, FISM News
Michigan Democrats found themselves in hot water this weekend when the public condemned their statement that parents should not have a say in their children’s education. Under pressure from Republicans and parents alike, the Democrats have since attempted to backpedal from the controversial post.
 
On Saturday, the official Michigan Democrats account posted on their Facebook page: “Not sure where this ‘parents-should-control-what-is-taught-in-schools-because-they-are-our-kids’ is originating, but parents do have the option to send their kids to a hand-selected private school at their own expense if this is what they desire.”
 
The post, deleted on Monday morning after a weekend of intense scrutiny…(READ MORE)
Statue of Teddy Roosevelt Removed from Museum of Natural History in New York
He was a Nobel Peace Prize winner, a survivor of an assassination attempt, and was voted to the office of president at 43...
 
Seth Udinski, FISM News
In the latest display of deconstructionism in America, a famed statue of former U.S. President Theodore Roosevelt has been removed from its post outside the Museum of Natural History in New York City in the early hours on Wednesday morning.
 
The statue depicts Roosevelt atop his horse in between a Native American and an African American. Critics of the statue and the 26th president’s legacy argue that the statue’s makeup glorifies white people and paints a picture of white dominance and colonialism at the expense of minorities. The statue had stood in front the Museum of Natural History…(READ MORE)
Changing Political Tide: Poll Shows Shift to the Right in Americans' Political Preference
Both the Democratic edge of the first quarter of 2021 and the Republican’s advantage in the fourth are among “the largest” Gallup has seen...
 
Chris Lange, FISM News
A new Gallup study points to a major shift in the political preferences of Americans over the past year that should worry Democrats. While 2021 began with the Democratic party holding a comfortable 49 to 40 percent edge in voter identification, Republicans overtook them by the end of the fourth quarter with a 47 to 42 percent lead – the GOP’s largest since 1995.
 
In its report on the poll’s findings, Gallup noted that the shift in party preferences largely mirrored President Biden’s approval ratings, which took its first significant hit amid a trio of challenges that included the emergence of the COVID-19 Delta variant, the military’s chaotic withdrawal from Afghanistan in August, and the onset of the nation’s historic inflation…(READ MORE)
U.S. Officials Warn of Chinese Phone Surveillance, Olympic Athletes Should Use Burner Phones
Next month’s Olympic Games should be interesting both from an athletic and a geopolitical standpoint as tensions between China and the West continue...

Matt Bush, FISM News
U.S. Olympic athlete are being encouraged to leave their personal laptops and cell phones at home and bring burner phones in their place due to fear of Chinese cyber oversight. While it is common knowledge that China maintains cyber surveillance on its own citizens, Olympic officials have also voiced fears that the same surveillance techniques will also be used on Olympic athletes.
 
As first reported by USA Today, Team USA sent an advisory to Olympic athletes warning, “Like computers, the data and applications on cell phones are subject to malicious intrusion, infection and data compromise” adding that “burner phones were encouraged.” The organization added, “Despite any and all safeguards that are put in place to protect the systems and data that are brought to China, it should be assumed that all data and communications in China can be monitored…(READ MORE)
 
New CDC Study Acknowledges Natural Immunity Provides Sufficient Protection Against Reinfection
the data seems to suggest that natural immunity contributes to herd immunity as well as offers adequate protection against COVID-19.

Lauren Dempsey, FISM News
MS in Biomedicine and Law, RN
On Wednesday the CDC released a new study that analyzed data on case rates and hospitalizations between May 2021 and November 2021. 
 
The results of this study are consistent with what many health experts have been saying all along: natural immunity provides adequate, if not superior protection against reinfection, severe illness, and hospitalization in the event that reinfection does occur. This is promising for the millions of Americans who have contracted the virus but continue to be disparaged for declining to vaccinate against an illness that they’ve already had. 
 
The CDC researchers compiled data from New York State and California in an effort to determine the impact of…(READ MORE)
GOP Senators Claim Secret Service 'Hid' Info on Hunter Biden Travels
Hunter Biden had allegedly arranged to meet with then-Kazakhstan Prime Minister Karim Massimov, who on Saturday was arrested on charges of treason...
 
Chris Lange, FISM News
Two Republican Senators are demanding answers as to why the Secret Service improperly redacted hundreds of pages of documents pertaining to Hunter Biden’s overseas travel, including trips to China and Russia, while his father, Joe Biden, was vice president, as initially reported by the Washington Examiner
 
In a joint letter to Secret Service Director James Murray, Sens. Chuck Grassley (R-Iowa) and Ron Johnson (R-Wis.) on Tuesday accused the agency of deliberately concealing “names and other information contained in email conversations regarding Hunter Biden without any proper legal justification.”
 
“These inappropriate redactions impede our offices’ ability to understand the full scope of the interactions between Hunter Biden, his associates, and the USSS,” wrote the…(READ MORE)
CA Budget Proposal Offers $20 Mil. for Students to Become Abortionists
…will “further aid in the deaths of the children that are often deemed as ‘unwanted’ due to their race, gender, or socioeconomic status.”
 
Samuel Case, FISM News
California Governor Gavin Newsom’s 2022 budget proposal offers a perverse incentive structure for young people who commit to providing abortions. 
 
The $227 billion budget, which along with supporting progressive issues like low-income housing and climate change, offers $20 million dollars to “pay off existing student loans for practicing abortionists or be offered as scholarship money for medical students who pledge to become abortionists,” Live Action reports. 
 
“As always, our Budget is built on our core California values of inclusion, economic growth and a brighter future…(READ MORE)
White House Attempts to Walk Back Biden's Election 'Illegitimacy' Comment
White House Press Secretary Jen Psaki took to Twitter early Thursday in an effort to clean up the President’s gaffe.

Chris Lange, FISM News
The White House tried to walk back comments President Biden made Wednesday that the upcoming midterm election results may be “illegitimate” if the Democrats’ voting rights package fails to pass in the Senate.
 
“I’m not going to say it’s going to be legit,” the President said when asked by a reporter if he thought the 2022 election results would be valid if the voting bill isn’t passed. “The increase and the prospect of being illegitimate is in direct proportion to us not being able to get these reforms passed,” Biden said.
 
Critics pounced immediately, asking how Biden could call to question the legitimacy of the election after excoriating former President Donald Trump over his claims that…(READ HERE)
Open Doors Names Afghanistan Most Dangerous Country in the World for Christians
Additionally, Open Doors found that persecution against Christians throughout the world has risen as a whole, even outside these top countries.
 
Seth Udinski, FISM News
According to persecution watchdog Open Doors, the contentious country of Afghanistan is now the leading country in the world for persecution against Christians.
 
On Wednesday, Open Doors released its annual global numbers for persecution from November 2020 to September 2021. The group highlighted the Taliban takeover of the region in August as one of the reasons why the country moved from second to number one on the list. Open Doors said...(READ MORE)
 
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May 3, 202
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Oct 13, 2022
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The FISM (Financial Issues Stewardship Ministries) is the home of the program Financial Issues with Dan Celia. Celia 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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