If its covid19 vaccine is effective. Jim, i know that citi news popped for you. Yeah, i candidly mike and donna are friends of mine and friends of my executive producer so i have to reveal that because i say its not about friends its about money this is jarring for those of us older than mike who is 60 but he did work there for 38 years, not retiring until february, but how great. When i spoke to him this morning, how great, jane fraser coming in. The Glass Ceiling in banking maybe a is finally cracking and its a great legacy for mike a period where net income increased from 7. 5 billion to 19. 4 billion, tangible common equity 12. 0 to 12. 5 and returned 80 in capital during mikes reign all those numbers havent necessarily led to great performance a of the stock but they are great numbers mike is a much loved figure as is donna, his wife and i regard them as a team and i know he wants to do many, many things in life and this is a soul searching time, he appointed jane last year, he ma
Joining us live from montclair, new jersey, is the editor at large of inc. Magazine talking. Com and we are about the Paycheck Protection Program. Thank you for joining us. Explain the Paycheck Protection Program and give us this days report on the new law . Now there isht money available for businesses who need it. That allows them to get a loan backed by the fda that will allow you to pay your employees, potentially, while your business is closed. The first round of the money for the program was 349 billion dollars and it ran out after just under two weeks, about 13 days. The second round of money, we believe there is 100 billion left. A lot of people think the program is over, but for Business Owners for whom this is a good solution for keeping employees on, there is money Still Available and they should apply. Host what did you learn about part one of the program . What needed improvement . Guest a lot of dissatisfaction a lot of dissatisfaction was centered on the way it was execu
We are here to talk about the Patient Protection program. Explain the Paycheck Protection Program and give us a status report on how this part of the new law is doing. Guest thanks for having me on. The Paycheck Protection Program, right now, there is money available for businesses who need it. What it allows is a loan backed by the fda that will allow you to pay your employees potentially while your business is still closed. The first round of money for that program was 349 billion, and it ran out just after under two weeks, about 13 days. The second round of money, we believe there is still about 100 billion left. A lot of people think the program is over or that it is not available to them, but for Business Owners for whom this is a good solution for being able to keep their employees on, that is no money available, and they should apply if they think it will work for them. Host what did you learn in part one of this program . What needs improvement . Guest part one of the program c
If you think yes, call this number 202 7488000, and if you think no, you can also call 202 7488001, and you can also send a text, 202 7488003. And if you cannot wait in on social media, you can post a comment on facebook. Before we get to your calls this sunday morning, we wanted to stunning front page to the New York Times this morning. 100,000, sonearing there is no traditional news story on this front page this morning. This is a series of names where they are from, folks who have passed away or died from the coronavirus, and they have published 1000 of these names, just 1 with biographies or Something Special about those people. They write that the numbers alone cannot possibly measure the impact of the coronavirus on america, whether it is the number of patients treated, jobs interrupted or lives cut short. As the country nears a grim milestone, the times scoured obituaries and death notices of the victims, the 1000 people reflect just 1 of the total, they were not simply names on
Program. Give us a status report on how this part of the new law is doing. Guest good morning. Thanks so much for having me on. The Paycheck Protection Program, right now, there is money available for businesses who need it. What it allows is to get a loan backed by the fda that will allow you the sba that will allow you to pay your employees potentially while your business is still closed. The first round of money for that program was 349 billion, and it ran out just after under two weeks. It was about 13 days. However, the second round of money, we believe there is still about 100 billion left. A lot of people think the program is over or that it is not available to them, but for Business Owners for whom this is a good solution, to being able to keep their employees on, there is still money available and they should apply if they think it will work for them. Host what did you learn in part one of this program . Worked about it and what needs improvement . Guest in part one of the pro