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Show Notes

July 14

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Hour 2 Topics

Home Gun Sales 

Here is what your kids are being taught + arrogance 

Pamela Yellen: How to Live a Richer Lifestyle Without Busting Your Budget. Pamela Yellen is the founder of Bank On Yourself, a financial investigator, and the author of two New York Times bestselling books. Readers can get a free copy of her latest book, “Rescue Your Retirement: Five Wealth-Killing Traps of 401(k)s, IRAs and Roth Plans — and How to Avoid Them” here for a limited time. 

 Hour 3 Topics

 

Guy Mitchel – Author of Global Warming: The Great Deception

 

Scott GarlissStansberry Research 

Inflation and weak earnings from JPM

S&P futures are lower, down 49 to 50 points, as…

  • Investors await the U.S. Bureau of Labor Statistics’ June Producer Price Index (“PPI”) growth for clues on the pace of inflation and future central bank rate hikes.
  • Banking giant JPMorgan Chase (JPM) reported disappointing earnings and revenue while saying it’s suspending its share buyback to preserve capital.
  • Federal Reserve Bank of Cleveland President Loretta Mester said the central bank should raise interest rates by at least 0.75% at the July 26-27 policy meeting.
  • Federal Reserve Bank of Atlanta President Raphael Bostic called inflation growth a source of concern while saying a 1% rate increase was possible at the upcoming policy meeting.

European markets fell as…

  • The European Commission was said to lower its regional growth outlook for 2022 from 2.7% to 2.6% and for 2023 from 2.3% to 1.4%, according to preliminary projections.
  • Officials from Russia and Ukraine were said to agree to framework plans for exporting grain supplies to international markets via the Black Sea.
  • The European Central Bank said its closely watching the drop in the euro, implying it could intervene in foreign exchange markets to stabilize the currency.

Asian markets declined as…

  • Chinese Premier Li Keqiang said the government in Beijing will take steps to remove delays and implement relief measures to support economic growth.
  • Japanese Chief Cabinet Secretary Hirokazu Matsuno said the government is watching the continued slide in the yen with a “heightened sense of urgency.”
  • China’s export growth for June was stronger than expected as shipments to the U.S. and European Union increased.
  • South Korean Vice Finance Minister Bang Ki-sun said the government is reviewing plans to intervene in the financial markets if moves become one-sided. 

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