Take some time for public to regain confidence and adapt to the new world and start traveling, taking vacation, going to restaurants and things like that. Im glad you brought that up. Thats one thing we havent talked about was this notion that when we looked to open our businesses and i think we all in a bipartisan way, thats what we want. We have to find this balance, opening our businesses in general. Theres only going to be as successful as the Customer Confidence that is there to patronize those businesses thats not just true for the Hospitality Industry thats true for all businesses i do know that the service and retail has been hardest hit business and my understanding that some of the data ive seen over 2 of those businesses have closed permanently already how are we to address this Consumer Confidence issue . I know thats something you thought about and talked about publicly what should we be doing . One thing ill say is it affects different sectors of the economy. The one we t
Who are supposed to protect them. My prayers go out to the floyd family and other families, a long list of other victims and their loved ones. I stand in solidarity with all those who are protesting and patriotically challenging the status quo. These protests are about more than the pigment of africanamericans at the hands of police. There about the systemic changes or gears. They are now magnified by the coronavirus that we are here to talk about. This racial inequity in healthcare, it has been laid out by this pandemic. Africanamericans, latinos, native americans and other people of color have tested positive, being hospitalized and dying from covid19 at alarming rates. Americans are dying at a rate that is double what would be expected given the population. Latinos have been infected every state. Native americans who represent just 4 of the population in arizona are 21 of the coronavirus deaths. They went under, the recent by this crisis, the national conversation. The Coronavirus I
We with the for you to follow events andxios follow on twitter axios. Our first guest, sophia dickens, started a Small Business. She will be joining us from orange county, california. She created eQ Entertainment. And the brand q wonder, a curriculum that helps people learn at home, which suddenly is in a lot more demand. Thank you for joining axios. Thank you for having me, mike. Mike how is california . I wish i was there. It is stunning, but it is outside the window, so not quite enjoying it like i used to. Mike sophia, you got the idea goteQ Entertainment, you this idea from a college class, which i think Small Businesses start with, just a germ of an idea. Tell us about it. I remember being blown away as a student at harvard by 40 ands of data, that social emotional learning, not academics, was at the core of success. There wasnt anything out there that made it fun and easy for parent teachers and kids, so i took that 40 years of data and translated it and built the q wonder show
Largescale repos, as it has been doing it goes on to describe the impact of the coronavirus on the economy the way it sees it, causing tremendous human and economic hardship, the statement says and measures to protect health have been causing the sharp economic declines and the losses in unemployment and jobs on the inflation front, the Federal Reserve notes, muted inflation, says weak demand and Lower Oil Prices are holding down inflation disruptions to Economic Activity, it says, have impaired the flow of credit the Public Health crisis will weigh heavily, it says, on Economic Activity and unemployment and just a bit of analysis picking on something that was just said there, there is no forwardlooking aspect to this statement here generally, the Federal Reserve says, this policy will lead to x, continued, sustained expansion. Things like that there is nothing here where the fed says the policies we have now will lead to x in the future its all about the fed chronicling the damage to
Congress is negotiate its next round of Coronavirus Relief for the economy and weve seen a stunning move in oil crude was higher by 2 now down 9 as we await the final details out of the opec meeting. Energy sector now word on the s p. Yeah, been a real reversal there. Coming up on todays show, dan niles tweeting a warning about the rally. Hes going to join us with the risk he sees at these levels, plus, well speak with max levchin. Well ask what his micro loan customers are buying amid the shutdown and his read on the state of start ups right now lets focus on the big stories were watching today though. Steve liesman has detailes on te feds big moves and kayla is following the battle for more stimulus on capitol hill but steve, were going to go to you first to talk about the fed. Yeah, morgan, just quick moves the fed has announce nd the last hour. The its reduce uing the purchases of treasuries and mortgages. Treasuries down from 30 to 50 billion a day. Down to 15 from 25 apparently,