The Political Panel weighs in on that plus a new poll showing a real conundrum for voters in the story that blew me away, we will introduce you to a 15yearold business owner, a 15yearold business owner. All that and so much more on making money. Charles washington spending trillions of dollars again to help the economy, a lot of the economy has already come worrying back and in the process the rich have gotten even richer, everyone else seems to get more better and moreover blaming capitalism saying it did not curve the debt and come up with solution needed in the age of coronavirus. Affords headline says capitalism is failing us just when we need it most. In ap news headline, from the pope, marking capitalism has failed and pandemics means reform. Many of the critics of capitalism have never been fans but the jobs disappearing in 2020 is giving them a much bigger soapbox, is capitalism fading and how does the narrative change, lets ask a champion of capitalism, steve moore, they are c
From washington. Of blake, we start with you, my friend. Reporter connell, the headline over here in washington is that the white house has increased its offer for a revised covid19 relief package. A Senior Administration official telling me the new number is, give or take, 1. 8 trillion. The white house has come up from the 1. 6 trillion range that it was previously at. Larry kudlow revealed the news on fox business earlier this morning saying there was an oval office with President Trump, treasury secretary Steve Mnuchin and chief of staff mark meadows in which the president gave the green light on the new offer. Mnuchin held a phone call with nancy pelosi this afternoon to go over the offer. However, the goalposts for President Trump have been shifting, because as that employees i pelosi hi mnuchin phone call was happening, the president was on the phone with Rush Limbaugh saying he wanted even more. Listen here. I would like to see a bugger stimulus package, frankly, than either th
Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Money. Lee, thank you for bringing such an easy topic. I appreciate your patience. Of course, we went to the longer issue. I did have a couple issues for you on timelines which seems to be a stumbling block for a lot of folks. No matter what time how much time you choose to complete a processor somebody says what about this or that . I dont know if this is plausible. One thought i had was that you could tie the various c. U. Resolution process, permitting process to the after age completion time for those permits and so this would allow for the Planning Department to get backed up and average turnaround time is now 14 months instead of 12 so if you said average turnaround time plus, you know, three or six months, whatever additional time you wanted to allot for those cases. It is a bell curve. The average is not reflective of the entirety. If you go to the right you should capture 95 . Everything except the true edge cases, and that would be a timeline determination that was dynamic an
Conversations with merchant groups that it shifts to how are we going to close loopholes to make sure this works the way it is to work, that is a conversation i am eager to engage in. With the Tax Collector you have to report it annually. If there is no sales or 100 for a commercial space you know is worth 10,000 per month. It is your discretion to lose money. Lee, thank you for bringing such an easy topic. I appreciate your patience. Of course, we went to the longer issue. I did have a couple issues for you on timelines which seems to be a stumbling block for a lot of folks. No matter what time how much time you choose to complete a processor somebody says what about this or that . I dont know if this is plausible. One thought i had was that you could tie the various c. U. Resolution process, permitting process to the after age completion time for those permits and so this would allow for the Planning Department to get backed up and average turnaround time is now 14 months instead of