Dow adding 77 points. People waiting on the feds decision. Earnings today facebook, northrop grumman. A lot of earnings. Olivia all eyes on 2 00 p. M. Yesterday, the s p posted its biggest gain in two weeks. Lets show you whats happening the fedollar ahead of statement. Nothing, essentially pure little changed. 96. 78. Dex euro above 1. 10. A surprise in the Housing Market last month. Pending home sales fell by 1. 8 for june. First drop this year. Economists forecasted sales will rise. The Housing Market is not going as many expected due to tighter lending standards and a limited selection of properties. Lloyd blankfein is bullish on u. S. Markets. Thelopment sachs Ceo Goldman Sachs ceo took part in an interview with Mike Bloomberg. He was asked why he was optimistic. Consumers have to leveraged, banks have de leveraged. Housing prices are starting to stabilize and move higher. Were in for a long, positive market. Olivia glenn fine says the u. S. Lloyd blankfein says the u. S. Will get
We wanted to talk about sequestration in a different kind of way. Oh stop. [laughter] sequestration . This is quite serious. They were shut down for six months. Control room, they are saying, are you kidding me . Overnight,go come german confidence falls to an eightmonth low on concern over ukraine. U. K. Food prices follow supermarkets compete for consumers. We got a mixed read. , manufacturing fell less than expected. The german news was the big deal. A series of we did coming out of germany. Eight months of falling consumer confidence. I know we will joined by ian bremmer to talk about what is happening. Economic data in the u. S. A few things. On is theam focused jolt jobs. That suggests we are hiring at a rate which is the highest we have seen. But what are we paying them . The question we will ask the mayor of boston. Jpmorgan says the claims are back to where they were. Unbelievable. Yeah. A shame were only counting the in 1973 ineople participation. Earnings season is winding d
Lawrence s Oread Hotel, left, and Eldridge Hotel, right, are pictured along with Thomas Fritzel, center.
Certain parts of Lawrence love a good Thomas Fritzel question. My phone started ringing after The Kansas City Star earlier this month published an article raising questions about the propriety of a $9 million federally backed, pandemic-related loan that was given to a little-known company tied to the Fritzel family.
I’ve been looking into the issue too. The Star’s article is definitely interesting, and the loan it focused on is certainly noteworthy. But perhaps more significant and not mentioned is $700,000 to $2 million worth of federal assistance that Fritzel entities have received through another program. Why is that smaller amount more interesting? One, because that money very well may end up being a federal grant, unlike the $9 million loan that will have to be repaid. And secondly, the companies involved in that federal program the Paycheck Protection Program crea