Now recall, back in the cares act there was an extension of a federal supplement to Unemployment Insurance. So we put in place a 600 federal benefit on top of the state benefit. At the time there were concerns about whether that would lead to people on Unemployment Insurance getting more money than they would at work, and there was actually an amendment here on the house floor, on the senate floor regarding that. And although it did not pass, i think pretty much every republican supported it with that concern. In fact, thats whats happened. If you look at whats happened over the past couple of months, as the 600 has been put in place, it clearly has led to people making more on Unemployment Insurance often than they can make at work. In fact, the congressional budget office, which is a Nonpartisan Group here in the United States congress that analyzes some of these economic issues, has said that if someone is on Unemployment Insurance today, they are likely to be making substantially m
Nasdaqs going to be up about 60 at the opening bell. From the low of march 23rd to the close yesterday, the value of all publicly traded companies has gone up 12. 2 trillion. You have never seen anything like that before. Next, tesla. Musk does it again. Grabs the headlines with a five for one stock split. That may bring in more Retail Investors. Doesnt change teslas business, but the stock is up bigtime premarket. A gain of 84 bucks per share. Apple announced a four for one stock split a week ago and apple this morning is leading the big tech rebound. Its up four bucks. Then theres this. The big ten, now the pac12 have canceled their football seasons. Looks grim for the college game. This is a financial story. Colleges will lose billions. That virus changed everything, didnt it . Larry kudlow joins us again later. What does he think of a 12 trillion increase in the value of American Business in less than five months . Hes got something to say about it. Hes on the show. Wednesday, augu
Legal status under the rules of congress set in the census act of 1790. The president s decision to release this illegal memo now appears designed to inflict maximum damage to the accuracy of the ongoing 2020 census. In just two weeks, the Census Bureau will start visiting the homes of millions of people who have not yet responded to the census. The president s latest attack on immigrants could sew fear and confusion in communities across the country, and could lead many people to decide not to participate. This will hurt communities that are already undercounted, underrepresented, and underfunded. Addressing the chaos caused by the president s memo will drain valuable resources from the Census Bureau, which is already struggling to administer the 2020 census in the middle of an unprecedented pandemic. And it will further divide our country at a time when we need unity. Of course, this is not the first time that President Trump has attempted to politicize the census. For more than two
Fight for consumers and workers in the United States and abroad. Interest andcial focus on fraud. And we the url fraud. Org get many complaints that come through that about frauds of all kinds. And we share those with Law Enforcement and with members of the public and we do a weekly and monthly progress report. That gives you a little bit of background about what we do. Cl. Net. Org. You testified before congress this month that the coronavirus opened the door for a tsunami of scams and fraud. Do we have a sense of how many people have been targeted since midmarch . Yes, fraudsters are good at swooping into situations of hurricanes, tornadoes, floods, National Disasters and this pandemic definitely falls into that category. What we found is that there is a fraud andrange of efforts to scam consumers going on within the organized group of people and there are substantial numbers, by the millions of fraudsters in the United States and many countries around the world who perpetrate fraud
Good afternoon as chairman of the Senate Commerce subcommittee on manufacture, trade and Consumer Protection i welcome you all here today to a hearing entitled, protecting americans from covid19 scams. The nation continues to fight the unprecedented Public Health present and president Public Health crisis brought on by the covid19 pandemic. In light of the serious threat this post to america, in the shoe shuddering of mainstream businesses, the response of Public Health protocols, have been felt in every corner of the country. It has been clear the preventive practices, policies, and resources, including expanded testing case testing capabilities and the ability to have protective equipment or absolute assess these to reopening the economy extinguishing this health crisis. However, during this time of National Emergency recorded and recovery, there are frustration scam artists that seek to take advantage of consumers, especially of the nations most vulnerable communities like that of o