Outbreak of covid19 has led to an unprecedented Public Health crisis and a dire economic crisis. We have lost over 110,000 people to the disease, and 40 million remain unemployed. Back in february as the band that it was worse, we knew we needed to take action to help our Small Businesses survive the economic downturn. We started working with the sba and governors around the country to leverage the sba disaster resources available. Can you please mute . Anyone should be muted. Everyone should be muted. As the virus continues to spread, or state and local governments began imposing stayathome orders and business closures. We quickly realized Congress Needed to do more to meet the full scope of the problem, and that is when we started working on what ultimately became the cares act. To help Small Businesses and eligible nonprofits, congress created a new Paycheck Protection Program, expanded eligibility to the program and provided payment and interest relief for current sba borrowers. I
Im back. Great to be back. Back in the stacks with the books. Yes, yeah the Library Stacks are nice i wanted to show everybody where things are headed on this monday morning. Is it always up . I guess maybe it opens it feels like that i was told not to invoke his name when i mentioned him the other week he says everything goes up and it all seemed so crazy dow about 160 points nasdaq looking to open about 69 points higher in the s p 500 looking to open about 16 points higher treasury yields right now, lets do it. Lets show you the ten year note as we speak youre looking right now at the ten year at. 636. Melissa has news happening overnight. News out of china overnight beijing announcing sanctions and a spokesperson and the move comes after a top member of chinas Ruling Communist Party and three other officials over human rights a b abuses. Bo well ask senator rubio about this when he joins us live at 8 00 a. M. Eastern time on squawk box. Separately the u. S. Asked its citizens to be
When prompted, enter one and zero to be entered into the queue. When you are called for Public Comment, please mute the device that you are listening to the meeting on, and when it is your time to speak, you will be prompt today do so. The number and the log in will also be scrolling across the screen. Public comment during the meeting is limited to three minutes per speaker unless otherwise established. Speakers are requested, but not required, to state their name. Sfgtv, please show the office of Small Business slide. Today, we will start with a reminder that the Small Business commission is the official public forum to voice your opinions and concerns about policy that affect the Economic Vitality of San Francisco. The office of Small Business is your best place to get information about doing business in San Francisco during the local emergency. If you need assistance during this time, you can find us online or via telephone, as always, our services are free of charge. Before we get
Businesses. Kristin tate says nobody should be ashamed to get money from the government. The small banker that funded 100,000 Small Business loans out of one bank location. President trump is set to meet with officials on opening schools. It could makeorbreak our economy, this recovery but how would it work . Who really thinks kids will wear masks . I will ask dr. Nicole saphier. All that and much more on making money. Charles all right, so, heres the tally, folks. 521 billion dished out via that Paycheck Protection Program but not without controversy. Now the stats according to the Government Support 5million jobs. We know in that case it was successful there is a huge uproar a hot rich and powerful got a lot of cash. Businesses linked to lawmakers, caucuses, a whole lot of others. Billionaires, they got a piece of the action. You might have heard by now even rapper kanye west, his Company Secured five million bubbs. The shame game is on has everyone pointing fingers. Here to discuss,
8882733658, and the access code is 3107452. When prompted, enter one and zero to be entered into the queue. When you are called for Public Comment, please mute the device that you are listening to the meeting on, and when it is your time to speak, you will be prompt today do so. The number and the log in will also be scrolling across the screen. Public comment during the meeting is limited to three minutes per speaker unless otherwise established. Speakers are requested, but not required, to state their name. Sfgtv, please show the office of Small Business slide. Today, we will start with a reminder that the Small Business commission is the official public forum to voice your opinions and concerns about policy that affect the Economic Vitality of San Francisco. The office of Small Business is your best place to get information about doing business in San Francisco during the local emergency. If you need assistance during this time, you can find us online or via telephone, as always, ou