This rally is coming after the Senate Approved a record two trillion dollar plus relief package but well have the latest from capitol hill, what it means for Small Businesses. What does it really mean for you . Well have all that and a lot more, coming up on making money. Cheryl we start with one of the reasons the market is powering higher. The Senate Passing the massive 2 trilliondollar coronavirus stimulus bill overnight after days of deadlock. It moves to the house and then the president s desk. Hillary vaughn with more how the bill could affect you at home. Hillary, a lot of wrangling to get here . Reporter thats right. House Speaker Nancy Pelosi said she had to do jujitsu to get where her caucus would support it. It gives cash directly to americans. If you give up 75,000dollar a year, youre a single filer. Direct payment of 1200 a couple, making combined income of up to 150,000 youre getting two times that but americans waiting for the money have to wait on the house to pass the
We have a great lineup for you mike khouw and cody zhang and carter worth lets talk about something that everybody wants to hear about. Some kind of treatment or vaccine for covid19, Biotech Companies scrambling everywhere to come up with something and lets get the var latest on where we stand and for that, who else, but meg tirell hi, brian the number of the Companies Working on this grows by the day. We got an update from modernas chairman yesterday that, of course, is the lead program with the candidate vaccine already in human testing. He told us yesterday if all goes well they could be aiming to start phase two trials by spring or early summer. So were talking may or june there. J j also gave us an update on its Vaccine Program aiming to start phase 1 in september and it could even have something ready potentially for deployment in 2021 and these are record breaking timeliness. Pfizer is working with biointech and sanofi and many others, as well companies are working to repurpose
Locations. Its an historic morning as the fed injects 2. 3 million in loans into the american economy. Powell has a live webcast in about an hour. We have the opec plus meeting to watch. Jobless claims, 6 million for a second week. But your point a moment ago is the fed is helping to take a credit crunch off the table and all we need at this point is a break on the science the fed is not going to be the reason why we go into a depression they want to stop that they want to make it a recession. Sometimes, i mean look, i was critical just a couple years ago when powell was talking about tightening when the economy was actually getting weaker. He is so far ahead of the curve that it will be studied. We will be studying this period, and we will say, unlike 1937, when the fed got tight and they threw us back into depression, we will say that jerome powell, after being a little unsure about how to handle things, decided to go out front and said we will make it so that if you want to make loa
Of the crush of their normal hours kron 4 Sarah Stinson actually live in San Francisco to explain more about whats being done sarah. Well james online on a target in San Francisco where you know we were told that they would only let in for the first to our elderly people and those with compromised immune systems, however, a line here is they just opened of like about a dozen people of all ages ranging from a b 30 years old to 70 yearolds lets say and then they let everybody and so its kind of interesting because we were told a list of stores, were just going to have specific hours worked just the elderly can get in and that way they would not have to be in the hustle and bustle they could get the top go to that stuff right where they needed and everything would be full and they would have to deal with empty shelves but this is what im seeing here. The target in San Francisco. So quite interesting. But all call figure that out but for now lets take a look at this list you can see some o
What they need so they can get home and be safe take a look at this video though you can see the line of people about a dozen people in line this morning waiting for the store to open and when the store doors did open the ploys made an announcement to everyone saying hello everyone, this is what we have this is what we dont have and by the way for the first hour we are making it just for elderly people and for those who have compromised immune systems, however, the whole line went in and it was a people of all ages i asked an employee and he told me that they cant stop people from going in. But its really recommended that people left that hour before those most vulnerable. So hopefully you know this is the first one day they could be doing everyones day hopefully the word will spread of people actually give this hour for those Vulnerable People now take a look at your screen target is not the only company doing this as well there are other Companies Like whole foods and you can see on