The month as the Coronavirus Crisis takes its toll on the economy. So no wonder thousands of Small Business owners began lining up before dawn to tap the governments rescue coffers. With 349 billion dollars in loans ready for the taking were about to get the realtime numbers from the fed. But why are some banks both huge and small waiting to grant the loans . Right now still . The ceo of a Community Bank, serving hundreds of desperate Small Businesses is here. Why the ceo is teaming up with regional competitors to launch the loans on monday. Its a fox business exclusive. Meanwhile, one financial tech loan Company Thinks the covid19 catastrophe could accelerate the death of paper money. The co founder and the ceo of a firm, a big thinker is going to join us in a fox business exclusive with why he thinks that Paper Currency is going away. One of the nations biggest producers of the medical community, most valuable commodity right now, after doctors, is here. The ceo, the top producer of,
It appears that the president s task force is ready to recommend that all americans now wear a mask, a scarf, bandanna or some other protective Face Covering in order to protect against the virus. Here is doctor Anthony Fauci this morning stressing that Face Covering does not mean using the same much needed n95 mask that are in such critical need for our doctors, nurses, healthcare workers who are fighting on the front lines. When you are out, and you cannot maintain the 6foot distance to where some sort of facial covering. The important point to emphasize is that that should in no way ever take away from the availability of masks that are needed for the Healthcare Providers. Lou incredibly, much of Corporate America is working with the president and working for the American People. Acting in the National Interest in the worsening crisis. One firm tonight stands out. The president first requesting and now ordering that 3m stop altogether its export of much needed, critically needed n95
I thought i would have kevin say a few words. Thank you, mr. President. I would like to thank you. Governor newsom says the work today,ing together i want to thank you especially mnuchinwork secretary has done for Small Businesses. Bank of america had more than 10,000 loans in two hours. For anybody who is in Small Business, you do not have income coming in right now, you have paying foroan employees,nd your that is a grant. We will get this economy moving again. Pres. Trump thank you very much, everybody. Our hearts go out to the people of new york as they bear the brunt of the coronavirus pandemic in america. That seems to be the hot spot right now. Some others are very bad. Louisiana is getting hit very hard. Parts of michigan are getting hit very hard. , itjersey is surprisingly is much greater than anyone would have thought. The governor is doing a great job. New yorks First Responders, emts, doctors, nurses are showing incredible courage under pressure. They are the best in the w
Meeting, many of us have been talking together but we cannot get done what needs to be done, only you and the administration can critically given attention of the saudis and flooding the markets adding insult to injury at a time when our economy is suffering anyway because of the coronavirus. So this meeting could not be more timely. I agree with whats being said about the importance of Affordable Energy to our standard of living and really we change the world as a result of the production of Domestic Energy here in improve the quality of life for a lot of people. Thank you very much. Youve done a great job. John, i agree, we were talking the other day that weve all done well and weve also kept energy very affordable, very, very affordable and a lot of it, we never had any problems, we will keep it that way. Do i see dan back there, i was lucky and i thought that look like dan. I want to thank you for convening this meeting. The Trump Administration working with the congress in the u.
Continues on a global scale. A worldwide their market, the 11 year bull run here is over. The dow is heading to the 22,000 level. A month ago it was 29,000. It is the fastest selloff in history. The s p will hit bear market territory at the open today, down 20 from the february high, the same story with the nasdaq. More money is still moving into safe treasury securities pushing the yield down to 0. 69 as of right now. The latest news on the virus brings its impact home to all of us. Sport dramatically affected. The nba has suspended the season indefinitely. A few days ago they banned reporters from locker rooms. Now the whole sport is shutdown. The Seattle Mariners will not be playing any home games. The early baseball season is in question. There will be an announcement later on the nhl. Social distancing is apparent across the country. You can see it and businesses are feeling it. Theres a long list of conference and meeting cancellations that is barely hurting airlines, hotels and