Now in april this year the Federal Reserve bank in new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and more likely to be classified as at risk for distress the nonminority Small Businesses. Further companies are three times likely as Healthy Business to close because of a two month the ppps program established under the cares act and administered by the Small Business administration and treasury for distress with responded to the covid19 pandemic. Recent analysis of the color of change in the United States found only one in ten africanamerican owned businesses received the requested funds through the program. I have heard from many a minority owned businesses who did everything right, they did not give a low number or loan in the first round, many minority businesses share the enhancement act was not adequately designed to enhance or assist Small Businesses. Thank you to the partnership of the Financial
Simply based on the long delays that the public has been observing with the work with public works. But we should have an update soon i would imagine. But, yeah, the timeframe i think that theyre reevaluating right now. Theres been many of our smaller projects, however, that were not allowed to proceed during shelterinplace and like neighborhood and traffic on main and the required work by actual work crews working together, they were deemed nonessential. Okay, thank you. Okay. Commissioner safai. Commissioner safai thank you, chair peskin and thank you mr. Tumlin. So i understand the fiscal outlook. Can you talk a little bit more about what some of your adjustments would be if and when and hopefully the cares act passes and theres additional moneys that come down to the transportation agencies, because i know that you have to present the situation based on the funding scenarios that we have. But i also know that the state and the federal government are going to do everything they can
Hope you can join us for that. Less than an hour away. You might have heard there were a couple of Crucial Supreme Court decisions today and they did affect the mood at corner of wall and broad. When we to the news that the supremes are you know what, mr. President . , you will have to hand over your financial records to a group sympathetic with a grand jury looking into the president s business dealings for years. Now they also balanced that out by saying so far you dont have to hand them over to congress. But you know how this goes. The fears this gets out to hurt the president. Politically doesnt matter where you come from as much as money they were making on the president and whether those days could be numbered. They are weighing down on stocks. They are down 400 points. The losses picked up measureably on news this decision. Edward lawrence own why that might be and what this decision, these decisions i should say could mean Going Forward. Edward . Reporter a win and a loss as yo
Dead flat to start the morning but you never know, of course, where it is going to end up and thats why you have to watch every minute. I promise. Take a look at this. The nasdaq in record territory, fueled of course by big tech and for those of you who wonder why we talk about these stocks so much, here is why. They are all going to open at record highs, starting with amazon. Today will make six days in a row that it has hit an alltime high. Apple at 384 bucks, that stock up 40 in a month. Microsoft, 215. That stock is up 25 in a month. Facebook also continues to surge, despite an ad boycott and negative pushback from civil rights groups. Netflix, clear lockdown winner and its been said on this program that we are indeed entering the golden age of streaming. We will talk about all of these stocks and more, tech winners throughout the program. They are remarkable. Its going to be a big day at the Supreme Court. It is the last day of the term and a decision on whether to release the pre
Down again that reopening trade getting slammed. You can see that in the airlines there all taking a hit today later, check out this ride shares of avis budget, up 300 from the march lows. Getting a boost in the red hot used car market. The ceo will join us power lunch starts right now thanks energy and financials are leading the declines today they are down way more than that stall worth technology sector. Bob has more on this Early Morning reversal same story. Teches still out performing energy, financial, other cyclicals. Not a good start to earnings season big miss on earnings and very poor guidance. Walgreens has not been a good stock. Thats real problem. I think they may be basicing market mentality banks same story Huntington Bank was 5 goes to 12 its back to 8 again. Its an invertsed v. Whats moving the market theres five things. Is the reopening going well or not. Lets call it bumpy. Is stimulus coming maybe theres less good news on treatment advancing. Thats good news elsewhe