Us. The senate has approved to form an 80000000000 dollar leave taggers for Small Businesses whats your reaction good idea. How not the biggest fan of that by the way larry so good to see you again thank you so much for having me thank you i think there are real problems with that loan program its become a bit of a sieve where that week it keeps spending more and more more money and i have a problem that a lot of the Small Businesses larry that need the money the most are necessarily getting the money we made a big mistake in turning out loan program which is something that i supported outloud for support of steve forbes supported the idea who during a time of crisis you want to give healthy businesses that were healthy and that dont have customers a bridge loan so they can get through this so that when were up and running hopefully very soon that they can they can be up and running and hiring workers what we do is we transform that into a Grant Program so that if you didnt lay off you
Us. The senate has approved a former navy 1000000. 00 leave peg is Risky Business is whats your reaction good idea. How not the biggest fan of that by the way larry so good to see you again thank you so much for having me thank you i think there are real problems with that loan program its become a bit of a sieve where that week it keeps spending more and more more money and i have a problem that a lot of the Small Businesses larry that need the money the most are necessarily getting the money we made a big mistake in turning out loan program which is something that i supported laffer supported steve forbes supported the idea who during a time of crisis you want to give healthy businesses that were healthy and that dont have customers a bridge loan so they can get through this so that when were up and running hopefully very soon that they can they can be up and running and hiring workers what we do is we transform that into a Grant Program so that if you didnt lay off your workers the
Really, all eyes are on the treasury markets today, where ae 10 year yield is at 11 level we havent seen in a while. There was a bit of a joke this morning when we got the mammoth refunding announcement. Crude oil, down 5 . There was a boost after inventories were lighter. Back downown to now at 2330. Disney, moving today after earnings were not as bad as people maybe anticipated. Up one quarter of 1 , they got a boost of about 4 after earnings. Lets get to taylor riggs now, standing by with a deeper dive into todays action. Taylor folding that into Something Else we are doing on the yield curve steepening, between the twos and attends. And the tens. Some of the stimulus programs we have announced, the treasury this morning announced plans to sell twentyyear bonds, you are seeing a steepening of the yield curve as you expect more supply to come. I want to flip up board and talk about technology. Isney, the tech index positive for the year. Its the only sector in the s p 500 back in the
A former navy 1000000. 00 leave peg is Risky Business is whats your reaction good idea. How not the biggest fan of that by the way larry so good to see you again thank you so much for having me thank you i think there are real problems with that loan program its become a bit of a sieve where that week it keeps spending more and more more money and i have a problem that a lot of the Small Businesses larry that need the money the most are necessarily getting the money we made a big mistake in turning out loan program which is something that i supported outloud for support of steve forbes supported the idea who during a time of crisis you want to give healthy businesses that were healthy and that dont have customers a bridge loan so they can get through this so that when were up and running hopefully very soon that they can they can be up and running and hiring workers what we did was we transform that into a Grant Program so that if you didnt lay off your workers the loan became a grant
Look, any way you take it, employment in april was a disaster. We are looking at an Unemployment Rate that is likely approaching 20 . We get those numbers, the unemployment numbers for the whole country, next friday. However, got to tell you the backtowork movement is really gathering steam. States across the nation are modifying their stayathome rules. Businesses are reopening. Oklahoma reopens some businesses tomorrow. California will allow some elective surgery. This, however, is receiving mixed messages. President trump says georgia is reopening too soon. He says he strongly disagrees with georgias decision. However, he will still leave it up to the states. Heres a positive. The Field Hospital built specially for virus patients in houston, texas, may be dismantled, not needed, underused. Lets get to the markets. First im dealing with oil. Look at this. Moving back up again in price. 16. 71 is the production price right now, but production is being scaled back very very sharply. Sup