Kenny Polcari, chief market strategist at SlateStone Wealth, joins “Varney & Co.” to discuss whether a guilty verdict for President Trump would have a long-term impact on the markets.
– Former President Trump’s historic conviction
-Stock prices end May on a positive note
-The Fed’s favorite inflation indicator is released
-Oil industry merger boom accelerates
-Disney CEO Bob Iger receives good news
-Costco clears up speculation about popular food combo sets
-McDonald’s hits back at price hike backlash
-A major U.S. grocery chain with 400 stores is closing some of its stores
verdict: A New York City jury found the former president guilty on all 34 felony counts of forgery of business documents.More on President Trump’s ruling. In the hours that followed, the Trump 2024 campaign received a huge amount of donations.…Read more here.
video: Harvard Law Professor Emeritus Alan Dershowitz speaks about President Trump’s conviction.
Donald Trump arrives at Trump Tower on Thursday, May 30, 2024, after being convicted of 34 counts of first-degree falsifying business records. (Fox News Digital/Fox News Felipe Ramares)
Winning months for stocks: US stocks ended May on an upward trend, with the Nasdaq, dominated by tech stocks, attracting attention. …Learn more about the market.
ETF Report: Insights you need to know
video: What is most important for U.S. financial markets?
Live cryptocurrency prices: HERE
The Fed’s favorite inflation measure: When it comes to inflation, central banks have a favorite data point: this time, some easing was indicated... Read more here. This comes a day after Atlanta Federal Reserve Bank President Rafael Bostic gave his outlook for when interest rates might be cut…Read more here.
FOX Business Exclusive Video: Federal Reserve Bank of Atlanta President Rafael Bostic speaks to FOX Business.
Crude combo: Another oil mega-merger took place this week when ConocoPhillips agreed to buy Marathon Oil for $22.5 billion…Read more here. This comes after Hess Corporation shareholders approved the company’s $53 billion merger with Chevron Corporation…Read more here.
video: Chevron CEO discusses future of global oil.
Good for you? Disney CEO Bob Iger has reportedly finally freed himself from his activist nemesis…Read more here.
Costco clears the air: The warehouse retailer’s new CEO dispels speculation about the future of its $1.50 hot dog and soda deal…Read more here.
MCPUSH BACK: Mickey Dee’s says complaints about recent price hikes, especially the so-called $18 burger, are overdone…Read more here.
RIP: Another retailer is closing stores, this time a 400-store grocer in the Northeast…Read more here.
do not miss it: FOX Business Rundown Podcast – Check out other podcasts here.
FOX Business Podcast (Fox Business)
next:
– Seeking more business and markets–An inspiring headline? Learn more about FOX Business here.
– Want live updates? Get the FOX Business App here.
– Did someone forward this email to you? apply Additional Newsletters From Fox News and FOX Business here.
