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
Horrific death of george lloyd which i think it was very i was very pleased that there was a universal virtually universal reaction to this this is this was an atrocity but that seems so long ago when we think of the of the riots and continued protests and the actions of the president here but the messages are always on race and i think thats misguided because at the end of the day this is a class issue it always is a class go ahead. You know in the in the u. S. Race determine what class one is in we can theres no clean dividing line in this country and floyds death is something that happens every day to a black person by the way every day to 3 people in this country an average of 3 People Killed by the police and racism is a big part of that so this story begins with. Racism and racism thats practiced all the time mostly against black people but i think the reaction to it as you say they were both in was universal and i think the protests obviously were sparked by his killing but i th
Hello and welcome to crossfire where all things are considered im Peter Lavelle the spiral downwards depending on who you believe in the media the civil unrest in america is the result of systematic racism this explains protests and rioting but does it the commanding heights controlling the Financial System the media and the Business World are loath to admit it its the economy stupid for them race always trumps class. To discuss this and more im joined by my guest Jason Nichols in l. The cut city is a professor of africanamerican studies and in new york we cross to Margaret Kimberly she is the editor and senior columnist at the black gender report as well as the author of the book prejudicial black america and the president s all right cross up rules in effect that means you can jump in anytime you want and i always appreciate it ok lets 1st go to margaret here in my introduction i said that race always trumps class and if you look at Mainstream Media particularly the liberal media tha
We will receive testimony from the secretary of the treasury and e chairman of the Federal Reserve as required under title iv of the cares act. Congress has appropriated 3 trillion to protect and support americans to fight the pandemic and also to stabilize the infrastructure of our economic system. A large portion of this funding is authorized under title iv of the cares act which provides resources for loans, guarantees, and other investments from treasury and the Federal Reserve 13. 3 emergency Lending Facility and programs in support of eligible businesses, states, municipalities, and tribes. Title iv of the cares act provided 454 billion as an infusion into the exchange stabilizatiofund to support the Federal Reserves emergency lending facilities that facilitate liquidity in the marketplace and support eligible businesses, states, governments, and tribes. This unique authority known as 13. 3 authority is authorized under section 13 of the Federal Reserve act and plays a Critical R
Whats up, zoom is up, amd, shopfy, nvidia, stocks that would be categorized as stayathome stocks, companies that benefit from people using their computers, using broadband and video conferencing, Something Like that. Maybe thats whats driving the trade for the morning thus far well see where it goes from here, morguen. Thats exactly why the nasdaq is positive, albeit just above the flat line as the quote unquote stayathome stocks, and worth noting that the small caps, the russell 2,000 is underperforming down 1. 5 where the nasdaq has sort of become the stayathome stock shutin index, if you will, because of all of those tech names that are levered to the dynamics weve seen playing out in society in the last couple months, the small caps aremuch more geared towards the reopening and the prospects of reopening, given the fact they are so domestically skewed economically sensitive and tiered to what its going to be like to get workers back into jobs and the like and what that process is g