September 16, 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 dropped 1,329.88 points, or 4.1%, to close at 30,821.83. The S&P lost 194.15 points, or 4.8%, ending at 3,873.26. The Nasdaq fell 663.91 points, or 5.5%, closing at 11,448.40.

Wall Street ended sharply lower on Thursday, extending its losses in late afternoon trading as a raft of economic data failed to alter the expected course of aggressive tightening by the Federal Reserve amid growing warnings of global recession.

FedEx Corp tumbled 14.5% after the package delivery company said its fiscal first-quarter results were hit by global volume softness and it withdrew its financial forecast, saying it expected further deterioration of business conditions.

The World Bank and the International Monetary Fund (IMF) warned of an impending global economic slowdown.

Retail sales rose by 0.3% in August but were down 0.3% excluding a 2.8% gain in auto sales.

A 4.2% price-related decline in gasoline station sales was the key factor in the ex-auto decline, offset by sales gains for food services, building materials, groceries, clothing and at department stores.

A surprise drop in industrial production and a contraction of Atlantic region manufacturing provided fodder for economic pessimists.

Manufacturing activity in the Mid-Atlantic region fell more than unexpected in September amid lower orders and shipments. New York manufacturing activity improved more than expected in September, but remains in negative territory despite gains in new orders and shipments.

Union rail workers in the United States scored a potential key victory in their fight for improved pay and working conditions on Thursday in what could be a model for other unions.

Initial jobless claims decreased by 5,000 to 213,000 in week ended Sept. 10, lowering the four-week moving average by 8,000 to 224,000, a third straight decrease.

U.S. business inventories increased in July, but the pace has slowed considerably from prior months, likely as cooling demand amid higher interest rates forces companies to be cautious.

The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008 and is now more than double the level it was one year ago.

***

Friday Recap: Wall Street Wraps Up Worst Week in Months

Investors' anxiety about stock market turbulence is fast approaching levels associated with heightened fear as the S&P 500 looks set to wrap up its worst weekly showing in three months.

Expectations of how aggressively the Federal Reserve will raise rates in its fight against inflation hit a fresh high this week, exacerbating pressures on stocks and bonds.

Hopes were dashed this week when the U.S. consumer price index (CPI) for August showed inflation rose 8.3% on an annualized basis, more than economists' forecasts of 8.1%.

Yields on the 10-year Treasury Inflation-Protected Securities (TIPS) climbed to 1.03% on Friday, their highest since January 2019. Since the beginning of August, real yields have gone up by about 100 bps.

10-year Treasury yields have climbed about 8 basis points this week to 3.443%, flirting with a new 11-year high if they go above the 3.495% level they hit in June. Goldman Sachs said in a note on Friday those yields could end the year at 3.75%.

Gold closed higher on Friday but remained under the US$1,700 mark as investors steer away from the metal as bond yields and the dollar rise.

Silver gained 1.6% to $19.56 per ounce. Platinum rose to $910.50, and palladium dropped to $2,120.00.

West Texas Intermediate crude oil managed the smallest of gains on Friday despite concerns over slowing growth and weak demand ahead of coming rate hikes for the United States.

The Dow Jones Industrial Average dropped 139.99 points, or 0.45%, to close at 30,821.83; the S&P 500 lost 28.09 points, or 0.72%, ending at 3,873.26; the Nasdaq Composite fell 103.95 points, or 0.90%, closing at 11,448.40.

For the week, the DJIA dropped 1,329.88 points, or 4.1%, to close at 30,821.83. The S&P lost 194.15 points, or 4.8%, ending at 3,873.26. The Nasdaq fell 663.91 points, or 5.5%, closing at 11,448.40.



Legacy Campaign: Son of Issachar T-Shirt

Will you help us Turn UP our Microphone for Truth?

September 30th marks the end of our fiscal year at FISM. Obviously, this has been a very difficult year for the Ministry since Dan was called home by his Savior...although we take great comfort & joy in knowing where he is and that we will be reunited with him one day...maybe soon.

Each year as we closed our fiscal year, Dan would ask his partners and listeners to consider supporting the work of our Ministry. Although you will always hear us emphasize, like Dan, the importance of giving to your churches and ministries such as Pre-Born and India Partners, we also know that we cannot continue to do this work, and use our platform to support other ministries, without your help.

Will you come alongside us again? Will you help us turn up our microphone for truth? In honor of Dan’s life and vision for the Ministry, will you consider helping us continue that work?

Please note that in order to receive A Son of Issachar T-Shirt with your donation,

you must make your donation HERE.

Listen again to Dan’s family, friends, and staff share insights into Dan’s life - his upbringing, testimony, his role as a husband and father, his love of animals, unique giftedness, and his outlook for the Ministry.

Dan’s burning passion for the gospel and life commitment to be “as a son of Issachar” should challenge us all to live our lives so fully devoted to our Lord and Savior. Join us as we celebrate the incredible work Jesus accomplished through Dan’s life and as we honor his continuing legacy.

Will you consider making a secure, tax-deductible donation to support

the ministry of Financial Issues?

PLEASE NOTE: If you would like A Son of Issachar T-Shirt with your donation,

please make your donation HERE or in the section above.

Donations may be made by clicking on the secure link above, or by mailing a check or money order to: Financial Issues Stewardship Ministries, or "FISM," PO Box 270, Exton, PA 19341.   

(All donations are tax deductible and non-refundable.)

Good Guys! Doing Good

FISM TV Presents a New Christian Reality Show

Good Guys! Doing Good

Good Guys! Doing Good is a Christian reality show hosted by Tim Bisagno. In each episode, Tim sets out on a journey across the USA to find men of God serving the Lord in adventurous, exciting, and unique ways. Follow Tim as he travels, participates, laughs, cries, honors, and showcases good guys doing God's work!

Dan Celia, founder and former president of FISM, was the executive producer of Good Guys! Doing Good. Celia was the ultimate good guy, having served in the Navy and on missions trips around the world, as well as reaching millions through his radio and television ministry before being called home to be with the Lord. The program is produced and directed by Krunti Hester, in Celia’s honor.

Watch Good Guys! Doing Good for free 

at: https://fism.tv/goodguys/ or on our free FISM TV app

Facebook: https://facebook.com/goodguysshow

Instagram: https://www.instagram.com/ggdg.tv/

Hello Faithful Partners, Listeners, Viewers, and Readers!

We’ve had some difficult days since Dan left us and as the weeks have passed, I am missing him more than I can express in words. It’s strangely surreal but the Lord has been and is by my side, giving me the comfort and peace as only He can. I just wanted to thank you for your prayers, your notes of encouragement, your patience, and your support in helping me and our ministry to press on!

As I have written previously, I was recently voted by our Board of Directors to be the President/CEO and Chair of the Board of FISM. I am humbled and honored to serve willingly, in obedience, albeit inexperienced and ill equipped. I am blessed with an incredibly capable staff, and extremely faithful board members who serve alongside me – without whom I’d not be sitting here sharing this. I want you to know that Dan did love you, his partners and listeners, so much that he never tired of connecting with you whether by on-air conversations, face to face at his town hall meetings, or his very cherished moments in bible study on Friday mornings. His spirits always lifted when you encouraged him.

I’d like to invite you to share your comments and concerns, prayer requests and praises with me at [email protected]. I will make every attempt to connect with you via email.

PLEASE do not ask me financial questions, you WILL be disappointed!

Sincerely,

Yvonne

Yvonne Celia

Chief Executive Officer, FISM

e: [email protected]

w: www.FISM.TV

Watch Financial Issues Live

with Shana Burt as new host of our daily radio program

Financial Issues

Tune in to FISM TV weekdays, 9/8c to watch Financial Issues with our new host Shana Burt and catch her live commentary, the latest financial news, market updates, investment tips and more.

Watch Financial Issues: https://fism.tv/financial-issues

Download our free app today: http://bit.ly/FISMApp

In Addition to the following outlets:

Apple Podcast: https://podcasts.apple.com/us/podcast/financial-issues-with-shana-burt/id1639423898

Spotify: https://open.spotify.com/show/3EsHUSeG0B3KMMBxi4LkQs?si=8a7eb7b99d8d4550

Google Podcast: https://rb.gy/2m5g0a

We are now posting insightful video clips of the program, including many of Shana's responses to partners on our FISM App, as well as on our FISM TV website.

On the FISM app, if you scroll across the top to FINANCIAL ISSUES, then scroll down, you will find an option for these HELPFUL VIDEOS.

While you are there, please take the time to enjoy our FISM News to glean a conservative and biblical worldview on current events.

ANNOUNCING

Wall Street Skids to Two-Month Low as Fed and World Bank Warnings Stoke Slowdown Fears

Wall Street’s main indexes hit near two-month lows on Friday after a profit warning from global delivery bellwether FedEx spooked investors already worried about aggressive rate hikes from the Federal Reserve tipping the economy into a recession.

Adding to the somber mood, the World Bank projected that the global economy might be inching toward a recession, while the International Monetary Fund said it expected a slowdown in the third quarter. (READ MORE)

Biden Officials Mull ‘Litigation Options’ in Feud with GOP Governors Over Migrant Relocation Efforts

Biden administration officials will reportedly meet this morning to discuss “litigation options” against Republican governors sending migrants from the border into Democratic cities.

The meeting was reportedly scheduled last week, just days before Texas Governor Greg Abbott sent a busload of migrants to Vice President Harris’s residence in Washington, D.C., and Florida’s Governor Ron DeSantis chartered two planes to fly migrants to Martha’s Vineyard.

The meeting is expected to include top officials from the DHS and State, Justice, and Defense Departments, Axios reported.

Abbott and Arizona Gov. Doug Ducey have been bussing thousands of migrants from their border states…(READ MORE)

SEE ALSO: Texas counties declare border crisis an invasion

DeSantis Flies Illegal Immigrants to Martha’s Vineyard

Florida Governor Ron DeSantis is following the lead of Texas Governor Greg Abbott and Arizona Governor Doug Ducey by sending illegal immigrants to Democrat-run cities.

A recent video obtained by Fox News Digital shows two planes unloading illegal immigrants at Martha’s Vineyard Airport in Massachusetts. The video shows the immigrants exiting the plane and entering a nearby transportation van.

Taryn Fenske, the communications director for DeSantis, told Fox News that “Florida can confirm the two planes with illegal immigrants that arrived in Martha’s Vineyard today were part of the state’s relocation program to transport illegal immigrants to sanctuary…(READ MORE)

SEE ALSO: Texas buses illegal immigrants to Kamala Harris’s home in D.C.

CPAC Calls on House Republicans to Ban Childhood Trans Surgery

The Conservative Political Action Coalition (CPAC) is calling on all House Republicans to support a bill that would ban transgender surgeries for kids. 

A letter from CPAC chairman Matt Schlapp urges every Republican in the House of Representatives to cosponsor Representative Marjorie Taylor Greene’s (R-Ga.) “Protect Children’s Innocence Act,” introduced on August 19, according to the Daily Caller.

“The bill makes it a felony to perform any gender-affirming care on a minor and it permits a minor on whom such care is performed to bring a civil action against each individual who provided the care,” the bill’s summary reads. Violators would be charged with a class C felony and could face 10 to 25 years in prison or…(READ MORE)

Defund the IRS: GOP Lawmakers Sign Pledge to Oppose 87k New Agents

At least 20 House Republicans aren’t buying the claims by the Biden administration that it is hiring 87,000 new Internal Revenue Service (IRS) employees only to target the rich.

The group, led by Colorado Representative Ken Buck, signed a pledge Wednesday informing the country they oppose what the administration is doing.

The IRS plans to hire the new employees through the so-called Inflation Reduction Act, a bill President Joe Biden recently celebrated as food and rent prices continue to soar.

Democrats claim the more than $80 billion in new funding for the IRS will lead to new federal revenue…(READ MORE)

Death Penalty Could Be Off Table for 9/11 Terrorists as Biden Admin Reportedly Negotiates Plea Deals

The federal government is reportedly negotiating plea deals that could take the death penalty off the table for the five defendants charged with planning and executing the Sept. 11, 2001, terrorist attacks, including self-proclaimed mastermind Khalid Sheikh Mohammed, according to an exclusive CBS News report.

The men are still being held at Guantanamo Bay and have yet to face trial for the deaths of nearly 3,000 Americans. Mohammed and the four other defendants have been charged with terrorism, hijacking, and 2,976 counts of murder for the role they played in the 9/11 attacks. Prosecutors initially sought the death penalty for all five men.

The defendants, who were charged in 2008, have yet to face justice, due, in part, to delays stemming from their lawyers’ efforts to get information from the CIA about enhanced interrogation techniques…(READ MORE)

Hundreds of GOP Officials Sign Letter in Favor of Same-Sex Marriage Bill

A group of over 400 current and former Republican officials and politicians have signed a letter urging GOP senators to codify same-sex marriage into federal law, abandoning the traditional platform of the party.

“We call on the U.S. Senate to pass the Respect for Marriage Act and reaffirm that marriage for gay and lesbian couples is settled law,” the letter reads. 

Per the Washington Post, the letter is “part of a campaign led by Ken Mehlman, who managed former president George W. Bush’s 2004 reelection campaign and later served as Republican National Committee chairman.” Mehlman came out as gay more than a decade…(READ MORE)

SEE ALSO: Senate delays vote on same-sex marriage bill until after midterms

Biden Admin: Russia Has Spent More Than $300 Million to Influence Politicians Globally

A review by the U.S. intelligence community revealed that Russia has spent more than $300 million in payments directly to foreign politicians, officials, and political parties all over the world, according to a CNN report that cited an anonymous Biden administration official.

“In its review, the IC found that Russia has covertly transferred over $300 million dollars and planned to covertly transfer at least hundreds of millions more to foreign political parties, officials, and politicians in more than two dozen countries and across four continents in this period. Russia likely has transferred additional funds covertly in cases that have gone undetected,” the senior Biden administration official told…(READ MORE)

SEE ALSO: Putin and Xi meet for first time since start of war, strengthening alliance in opposition of West

Wisconsin Education Department Promotes Preschool Gender Curriculum

The Wisconsin Department of Public Instruction is working to promote radical transgender resources to preschoolers.

The education department of the state government is suggesting reading for preschoolers that include progressive gender theories in their “Resources for Gender Expansive Preschoolers” guide.

As part of their resources for 3-to-5-year-old students, they include a recommendation for a video that shares the story of a girl whose parents helped her transition to a boy and another where a boy’s parents encourage him to dress like Wonder Woman for Halloween with the underlying tone that the boy is questioning his gender…(READ MORE)

 

SEE ALSO: Idaho sex ed curriculum promotes ‘porn literacy’

Study: Americans Used Firearms in Self-Defense 1.67 Million Times in 2020

A 2021 national poll of gun owners suggests that 81.4 million Americans now own firearms and they were involved in roughly 1.67 million incidents of gun-related self-defense in 2020.

William English of Georgetown University summarized the 2021 National Firearms Survey updated analysis in conjunction with professional survey firm Centiment, which polled over 16,500 gun owners to ask about their use of firearms. They determined that “an overall rate of adult firearm ownership of 31.9%” and “approximately a third of gun owners (31.1%) have used a firearm to defend themselves or their property, often on more than one occasion.”

This translates to real-world numbers of 81.4 million American gun owners and approximately 1.67 million self-defense incidents each year, according to English’s summary. Not all of these incidents ended in the actual firing…(READ HERE)

Study Shows Seasonal Changes Directly Affect Brain Function

New research from the University of California San Diego School of Medicine shows how changes in the length of the day directly impact the brain.

Davide Dulcis, senior study author and associate professor in the Department of Psychiatry at UC San Diego School of Medicine and member of the Center for Circadian Biology at UC San Diego, led the team of researchers. Dulcis’s team used mice to evaluate how neurons are affected by changes in day length and the subsequent behavioral changes that occurred in response to variations in light exposure.

The study was published earlier this month in Science Advances and details how seasonal changes directly correlate with sleep, appetite, hormones, and brain activity. This is because neurons in the suprachiasmatic nucleus (SCN) communicate these changes from the retina to the rest of…(READ MORE)

 

SEE ALSO: Study: Seniors can improve brain function with daily multivitamin

Detransitioners Speak Out Against Mutilation, Social Media Pressure

A growing number of detransitioners are speaking out against “gender-affirming surgery” — far more accurately labeled as “body mutilation” — while sharing personal stories of trauma, regret, and the destructive influence of social media. 

The Cambridge Dictionary defines the term “detransition” as a process whereby people “stop making changes, which may be social, legal, or medical, that lead to them living as a person of a different gender to the one they were said to have at birth.”

Helena Kerschner, a biological woman who began identifying as a boy at the age of 15, recounted feeling intense pressure to undergo gender transition surgery on social media in a new, two-part documentary series hosted by Fox News Host…(READ MORE)

Poll: Most Americans Think Biden Threatens Free Speech, Misuses Office

After proving to be America’s most accurate national poll in the past five presidential elections, a TIPP Poll is once again generating buzz about what’s to come based on the results of its latest poll.

Based on an online poll taken from September 7-9, a majority of Americans think President Joe Biden is dividing the country (62%), endangering free speech (55%), and misusing the office of the president (58%). The poll follows Biden’s recent primetime speech where he bashed Trump supporters by accusing them of representing “an extremism that threatens the very foundations of our republic.”

“As I stand here tonight, equality and democracy are under assault. We do ourselves no favor to pretend otherwise,” Biden said. “There’s no question that the Republican Party today is dominated, driven, and intimidated by Donald Trump and the MAGA Republicans. And that is a threat…(READ MORE)

CDC Data Shows Link between Myocarditis and COVID Vaccines Is Legitimate, Not ‘Misinformation’

The federal government and health experts in legacy media circles are once again admitting that something they labeled as “COVID-19 misinformation” and “conspiracy theory” a year ago, is indeed factual.

Data from the Centers for Disease Control and Prevention (CDC) verified that as of Aug. 18 of this year, 2,574 cases of myopericarditis and pericarditis were reported in patients shortly after they received an mRNA vaccine for COVID-19. At least 742 of those cases “met CDC case definition of myocarditis or myopericarditis” in persons under the age of 30.

Myocarditis and pericarditis is a condition that results in inflammation of the heart and the sac covering the heart, respectively, that can lead to sudden death if untreated. Myopericarditis is a combination…(READ MORE)

Border Patrol Head Sorry for Regional Office’s Retweets

Over the weekend, U.S. Customs and Border Patrol Commissioner Chris Magnus apologized for the Twitter activity of his organization’s West Texas office when it was revealed that the account in question contained tweets from a Trump associate who painted the situation at the southern border in unflattering terms.

As first reported by the Daily Wire, the issue began when a left-wing activist noticed and shared the fact that CBP West Texas had shared a pair of tweets from Stephen Miller, a former immigration policy advisor to then-President Donald Trump.

Miller, who like his former boss is not shy on social media, has frequently derided President Joe Biden for his inability to gain control…(READ MORE)

SEE ALSO: Border Memo Suggests Non-Citizens Are ‘Released Directly’ Into U.S.

Student Loan Forgiveness Will Cost $2.5K Per Taxpayer, Analysis Finds

President Joe Biden’s plan to “forgive” student debt could cost taxpayers an average of $2,500, according to an analysis by the National Taxpayers Union Foundation (NTUF), a non-partisan, fiscally conservative advocacy group.

“There’s a transfer of wealth from the society at large to people who borrowed to go to college right now,” NTUF Director of Federal Policy Andrew Lautz told CNBC. “That has consequences for consumers. It has consequences for taxpayers.”

The NTUF estimates that the Biden administration’s proposal to cancel up to $10,000 for borrowers making less than $125,000 per year and up to $20,000 for Pell Grant recipients will cost around $400 billion. Divided among the nation’s 158 million taxpayers, the price tag comes to approximately $2,500…(READ MORE)

UN Report Shows 50 Million People Living in Modern Slavery

While no one is ignorant to the existence of human trafficking and slavery, a new report from the United Nations shows that the heinous industry has increased over the last few years.

The latest Global Estimates of Modern Slavery released by the United Nations revealed that 49.6 million people were found in modern slavery situations based on data compiled throughout 2021. Specifically, 27.6 million were found in forced labor while 22 million were found in forced marriages.

The report, conducted by International Labour Organization (ILO), International Organization for Migration (IOM), and the international human rights group Walk Free, states that the total number equates “to nearly one of every 150 people in the world” living in…(READ MORE)

Chief Justice John Roberts Defends SCOTUS Legitimacy

Chief Justice John Roberts defended the Supreme Court of the United States this weekend against increased criticisms of “illegitimacy,” particularly by leading Democrats like Senator Elizabeth Warren and Vice President Kamala Harris.

SCOTUS has had a term full of controversial moments, including the full draft leak of the Dobbs v. Jackson Women’s Health decision, riots outside of justice’s homes, security barriers set up outside the Court, and the eventual overturning of Roe v. Wade that returned authority to the states.

Through it all, the justices have faced unprecedented political pressure from liberals who have smeared the conservative court and their decisions…(READ MORE)

Israeli Spy Chief Vows Continued Operations as Iran Nears Nuclear Bomb Capabilities

Mossad chief David Barnea on Monday said Israel would not participate in the “charade” of a renewed nuclear deal between world powers and Iran.

Speaking at a counterterrorism conference held at Reichman University in Herzliya, Israel, Barnea also vowed that the spy agency will continue operations against Iran even if a deal is signed, according to a report by The Times of Israel.

Israel’s government has been vocal in its opposition to efforts by the Biden administration to restore a 2015 nuclear deal, though President Joe Biden previously assured Israeli Prime Minister Yair Lapid that the U.S. would not interfere with actions it takes against Iran if a nuclear…(READ MORE)

Watch Financial Issues Live & Much More on our New FISM App

Financial Issues Stewardship Ministries, PO Box 270, Exton, PA 19341

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.