Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati
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
On market movers. Here is what is new at this hour. Firing back at his critics. Mark zuckerberg sitting down with foxs own dana perino sounding off on calls to break up big tech and whether or not billionaires should keep their own money. Were going to bring you the Facebook Ceos response on that one. Plus, a defense of the wealthy, coming from a very unlikely place. Why alec baldwin, social warrior, alec ball win, super left, alec baldwin finding himself on the same side of capitalists. Holding companies responsible for the worst drug crisis in u. S. History, a landmark opioid trial could be averted if a meeting today ends in enormous sell meant. That is going on right now. Connell that is a big story. Fox Business Team coverage of all top stories. Gerri willis on floor of new york stock exchange. Blake burman at the white house. Deirdre bolton in the newsroom with latest on possible opioid settlement. On friday, in the markets gerri, we start with you. Reporter what a day today. The
Course of far too long. Shoulda, coulda been done last year. But here we are. Thank the senate. I guess i should be a little more kind to the other house. Several months of negotiation with meshes of the Senate Finally conclude members of the Senate Finally concluded and this bill is deserving of robust supporter from from members on both sides of the aisle and urge its quick passage by the house today. So it can be enrolled and sent to the president for his signature. Chairman hunter, i thank you for your leadership and cooperative spirit in working with me and the other democrats to address our interests and concerns. The willingness of chairman hunter and his outstanding staff on the subcommittee to collaborate and work with the minority is very, very much appreciated. The bills not perfect. In, i havent seen one in the years ive been here, thats been a few years now. But thats the case with virtually every piece of Bipartisan Legislation thats been passed by congress. On balance. T