May including everything from Student Loans to car payments to mortgages, the number more than triple that of april its the latest sign Unemployment Benefits and stimulus checks arent enough to fully cover the expenses what happens to the consumer and the economy and the stock market its not good its something weve alluded to for a while. Go and look at wells fargos First Quarter they reported in the middle of april. They took a 14 billion loan loss provision which was up 413 year over year by the way, when they report i think in the middle of july, that number is probably going to go up again and further anecd e anecdotal proof that wells fargo is trading below tangible book value. The banks have been trying to tell the story, but the Broader Market has sort of been impervious to it until recently. Well see. Again, ill say i am not all that optimistic about where the consumer is 69 months from now. Clearly i hope im wrong but behind closed doors, a lot of companies are saying weve lea
Particular setting where youre talking to a lot of soldiers and people that in some cases just got off the operating tables, i think it is a great thing to wear a mask. Ive never been against masks but i do believe they have a time and a place. The president s statement that hes never been against masks is hard to square with the fact that today as we mentioned was the first time that he has worn one in public. Meanwhile those comments he made came as the United States is continuing to set records amid this pandemic. More than 70,000 new cases were reported yesterday. The number hasnt hit been hit in a single day since the Coronavirus Crisis began. Well have much more on the pandemic in a moment but we want to turn now to the president s commutation of roger stones prison sentence. Is a move that republican senator mitt romney is calling an example of unprecedented, historic corruption. Now an Administration Official tells nbc News Attorney general william barr recommended against it i
Back to the Valley, the new album from Appalachian folk-rockers Low Water Bridge Band, finds the Virginia sextet deepening their sense of home and sharpening their musical skillset with tight harmonies, well-crafted tunes, and ferocious instrumental breaks. A fitting follow-up to their last LP, Midnight in Virginia, this new ten-song collection represents the band’s graduation from barnstorming clubs in the Shenandoah Valley to playing festival stages along the East Coast.
“This song is about the struggle of an old soul in a new world,” says Low Water Bridge Band's Alex Kerns about their new single “Clarke County Clay.” Touching on karma, and in Kerns' words, “how it can all come back to you in the end,” the waltzing tune rides a snare drum pattern akin to a funeral march, through waves of pedal steel and precise stacks of background vocals. “'Clarke County Clay' came from a chord progression that found itself on my fingers one morning, this happened to be Christmas morning,” Kerns remembers.