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Markets moved higher, up nearly 400 points in Thursday morning trading as investors remained focused on earnings reports.
The Dow Jones Industrial Average jumped 390 points for a gain of 1.2% – while the S&P 500 and the Nasdaq jumped nearly 1% each. Bank of America, Morgan Stanley, Wells Fargo and Citigroup all reported better than expected earnings on Thursday.
Despite the good news on earnings, there are some issues that the bears continuing point to, including whether the market can continue its momentum should the Fed begin to taper. According to Wednesday’s Federal Reserve minutes, policymakers are beginning starting to debate whether inflation is here to stay – meanwhile, they’ve indicated that they will pull back on bond buying by mid-November.
Inflation in consumer prices (CPI) came in at a larger-than-anticipated 5.4% in the month of September. U.S. Dollar and Treasuries
The yield on the 10-year Treasury is now at 1.54%. The dollar weakened against a basket of major currencies with the U.S. dollar index (DXY) declining by 0.15% to 93.94. U.S. Dollar Index (DXY): 93.86 -0.22 -0.23% Stocks To Watch
Drugstore chain Walgreens reported earnings on Thursday, topping estimates. Adjusted earnings per share were at $1.17 vs. $1.02 expected.
Bank of America reported earnings at 85 cents a share, topping the 71 cent estimate. The company’s revenue rose $22.87 billion vs the $21.8 billion expected.
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Shares of investment bank Morgan Stanley were up as the company beat revenue estimates. The company reported earnings of $1.98 a share, vs $1.68 estimate. Revenue was at $14.75 billion vs. the $14 billion estimate.
Shares of Domino’s Pizza dropped after the company missed its revenue estimate. The company posted revenues of $998 million, short of the expected $1.03 billion. Commodities To Watch Oil remains upwards of $80 per barrel as the International Energy Agency upped the estimates for demand. Gold was stable, inching higher to nearly $1800 per ounce. Crypto The global crypto market cap is $2.38T, a 5.21% increase over the last day. Bitcoin BTC $57,622.54 +4.46% 1.09t Etherium ETH $3,737.43 +7.78% 439.03b Cardano ADA $2.19 +3.29% 68.00b Ripple XRP […]
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker