Dan Celia: The Reason the U.S. Economy is Opening Slower

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PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia will be paying close attention to the economic data coming out this week as the U.S. economy appears to be opening much slower than other economies around the globe.

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What To Expect From The U.S. Economy Opening Again

"We've got some interesting economic data coming out this week that we will be watching," Celia said. "First, there are housing numbers coming out for the month of May. We do know new home sales have to be up. New home mortgages were an 11-year high last week, and I expect that's going to continue with record-low 30-year mortgage rates. Also coming out this week is GDP revision. We were sitting squarely on a negative 5% GDP growth for the first quarter.

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"There are new numbers coming out indicating that the U.S economy is opening up far slower than the economies around the globe," he continued. "I would like to believe it's out of an abundance of caution. Or is it out of abundance of intentionally trying to keep our economy down as we get closer to the election? That is a topic I suspect I will be talking about for at least the next couple of weeks. It will be interesting if we can continue a week of positive gains this week—four in a row is what we're working on. I'd rather have some positive growth in the economy driving that, as opposed to just merely some optimism that there's going to be positive growth in the economy."

Celia discusses these and other global and economic headlines on his daily, three-hour Financial Issues program.

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Dan Celia is the CEO and President of Financial Issues Stewardship Ministries. Married to Registered Nurse, Yvonne, in 1980, Dan has two married daughters, is blessed with sons-in law who love the Lord, and has seven grandchildren. Dan has worked for 35 years as an entrepreneur and businessman, starting eight corporations and co-founder of two others. In 1999 Dan sold his Small Trust Company (managing over 900 million dollars) to go into Ministry. Dan has developed and uses a biblically-responsible system of financial management with great success. He started a radio ministry in 1997 as a part time ministry and has seen the Lord expand and bless this ministry to his current full-time ministry. Dan has interviewed newsmakers and pundits like Steve Forbes, Ben Stein, T. Boone Pickens, Tony Perkins, John Alison, Rayola Dougher API, Congressmen, Senators and Presidential candidates. He is proud of his partnership with the American Family Association where he serves as a board member. Dan is now on over 640 stations three hours daily, NRB TV, BizTV, Dove TV and CBN Life Style Network. Financial Issues is heard in every state in America and throughout the internet globally. Financial Issues has supporters from over 17 countries. Dan is a Regular Weekly Contributor to Townhall.com (the number 1 source for conservative news and analyzation). Dan has been a guest on Fox Business, Bloomberg, Salem Radio, Family Net, 700 Club,and many others . He is a conference speaker, author of six books, publishes a weekly newsletter and has been Executive Producer of several video productions and FISM TV is producing original family friendly content and other video projects all keeping with in FISM’s Christian world view.