Instead the rule says were going to leave it up to the treasury run by steve maneuver the banker hill decide if banks are allowed to take your money and of course minucci did the very predictable thing which was to say absolutely banks if somebody owes you money this stimulus check is going right into their account at your bank you can go ahead and keep it that is what they explicitly told the bank teller and extent the bill exactly limit you the back story a little bit more Treasury Department is having this massive webinars telephone conference with banks all over the all of the u. S. And they they say by the way is it ok if we take this money that comes to us the 1200. 00 check and if they owe us money on overcharges are they on us money on delinquent payment on a loan that we can take that money and real cutesy she says well you know theres nothing the explicit that says you cant add other words youre right they understood this when they went into it. 1 understands that hes looking
Sadly deaths are the lagging indicator youve been in the hospital for x number of days in extreme cases you could be put on oxygen or ventilator. Thats it. Hospitalizations are starting to decline as they appear to be at a steady rend in new york. That could be welcome news indeed. Statewide hospitalizations have been averaging 1996 in april in the latest period versus better than 2250. The trend just the day before. Meanwhile the governor is outlining he said well need an army of tracing investigators to identify people who may have been exposed to the covid19 virus. You keep hearing this, tracers, indicators, who come into contact with those who tested postively for the virus. That is why the testing issue is so big. Were told jeff bezos of amazon, who is on the ad hoc Advisory Board, sort of giving advice to the president how to proceed, if an when to reopen our government, our society, our economy so to speak. He has been saying not until we have many, many more tests going on. Did
Consumer stocks like kimberlyclark and chi pochi pot lay showing signs of strength. Well take a deep dive on the debate over how and when to reopen the economy well speak to the mayor of las vegas, who has called the a stayathome order in nevada total insanity and floridas Lieutenant Governor and well speak with cme ceo terry duffy about the wild swings in the oil market those negative prices. And billionaire harold hamms call for an investigation of crude futures trading. Lets drill down on the big stories we are watching. 59 minutes left of trade mike santoli tracking the market rebound. Phil lebeau has fresh comments from deltas ceo on the back of earnings and meg tirrell with the latest on the race for a vaccine. Mike, start us off with the market and the rebound were seeing today yeah, sara. Down about 5 in the s p 500 from fridays close through two days of trading, getting back in a very gentle way i will say today, kind of lowvolume trading. About half of that, not quite half if
Millions of americans are struggling to get their stimulus checks but even if they can get through the i. R. S. Website they could still have banks steal their money join me to talk about this is fair and cousins editor the National Trial where the magazine this this story i again its no surprise right this whole living the whole nature of this legislation was to put money in the hands of people so they could eat so they could pay their rent now we see the threat of banks saying what well the banks are saying hey you have Overdraft Fees from a couple years ago oh youre youre behind on this payment that you know this debt that we hold for you were going to steal your money and the worst part about this is not just the fact that the banks are doing this its that this was intentional this was intentionally put into this piece of legislation because they wrote in a provision congress did as part of the stimulus package here that the federal government cannot seize any of this if you are th
The crown a virus has infected more than 2400000 people globally its taken more than 160000 lives while some countries are seeing a flattening curve others are still seeing a surge in new cases coppa 19 has infected more than 766000 americans while deaths in the u. S. Have top 40000 new york state which is finally seeing a drop in new cases announced that its going to begin aggressive statewide Antibody Testing this week protests continue across the u. S. Over shelter in place orders amid pressure on governors to reopen local economies at sundays briefing president said hell use the defense production act to increase manufacturing of testing swabs while working with governors to reopen their economies are with the governors doing a better job than others the robust capacity that weve brought online will empower governors to deploy sophisticated strategies so they can safely reopen their states. Some people believe in. Play and other people believe in it less strongly but still its a ve