The big boet on bitcoin thats got everyone talking. But first, we begin with a trip back to the future for the markets and this was flagged by our own dan nathan a year ago today it was trading at 2900 and basically back to that exact level and lets fire up the flex capacitor to see what life looked like and wow, the world would change this time last year the s p 500 would trade 17 times pe and the tenyear note, and unemployment j was just over 3. 5 and Flash Forward to today, it is trading 20 times, and the yield. 6 and unemployment is projected to hit 16 and gdp is negative for the first time in over a decade. The world has been turned upside down and the market doesnt steam to care. So if youre an investor, should you make like a tree and get out of there i am told thats a funny line from the movie youve never seen the movie i saw it. The movie was released in the summer of 85. I think i turned 50 that year. It dawned on me as i listened to your intro the economy is george mcfly. Th
Place in northern california. We are continuing r ongoing nav today, President Trump signed into law coroa new 484 billion stimulus package. The bulk of the money, 310 billion will replenish the paycheck protection program. This second round of relief also includes funding for hospitals, testing and disaster related votes. Joining me now by skype is a physician and Congress Member cok ress member thyou so much for joining us. Thank you for having me on. Letstart with the paycheck protection program. What about the momandpop shops . U know, what we saw in the first interaction, the first round of 50 billion was the biggd firms that relationships with banks got the bulk of the money. We really wato make sure that these resources got down to the smaller businesses, as you saw the momandpop businesses are really devastated by this. You know, for credit unions, community banks, that s the place where a lot of the smaller businesses come back. Towe also wanted make sure this money didnt go t
Yesterday when it was 92 degrees outside. So, thankfully i have one and it worked. Yay. So, our warmest day moving forward, temperatures up to 30 degrees cooler by thursday and well talk more about that rain coming up and first lets get back to reggie. Mike, thank you. California is entering stage two of our reopening plan and that means today that some businesses in some counties will start opening their doors, but for limited access. So, napa, sonoma, santa cruz and solano will follow the governors order or at least orders close to it in reopening. Abc7 News Reporter amy hol hollyfield is live in napa this morning. Amy . Hi, good morning, reggie. Some Small Business owners say this is a small step but wish it went further. She needs people to go in and browse. Curbside service just doesnt quite work for a shop like this. She needs people to go in and be able to shop. But only Curbside Service will be allowed. The governors guidelines allow for Retail Businesses that offer Curbside Se
We are continuing our ongoing coronavirus coverage. Today, President Trump signed into law a new 484 billion stimulus package. The bulk of the money, 310 llion will replenish ycthe ck protection program. This second round of relief also includes funding for hospitals, testing and disaster related intes. Jome now by skype is a physician and Congress Member Congress Member thank you so much for joining us. Thank you for having me on. Lets start with the ycheck protection program. What about the momandpop shops . You know, what we saw in the first interaction, the first round of 50 biion was the bigger firms that had relationships with banks got the bulkof the money. We really want to make sure that these resources got down to the smaller businesses, as you saw the momandpop businesses are really devastated by this. You know, for credit unions, community banks, place where a lot of the smalle. Businesses come ba we also wanted to make sure this money didnt go to hedge funds. And we also p
Place in northern california. We are uicont our ongoing coronavirus coverage. Today, President Trump signed into law a new 484 billion stimulus package. The bulk of t billion will replenish the io paycheck proteprogram. This second round of relief also includes funding for hospitals, testing and disaster joining me now by skype is a physician and Congress Member Congress Member thank you so much for joininus. Thank you for having me on. Lets start with the paycheck protection program. What about the momandpop shops . You know, what we saw in the first interaction, the first round of 50 billion was the bigger firms that had relationships with banks got the bulk of the money. We really want to make sure that tse resources got down to the smaller businesses, as you saw the momandpop businesses are ally devastated by this. You know, for credit baions, communits, that was the place where a lot of the smaller businesses me back. We also wanted to make sure this money didnt go to hedg and we