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Chambers testify about their concerns. From february until april of 2020. But the closure rates for minority owned businesses are significantly higher with 41 of blackowned businesses, 32 of latino acts owned businesses and 22 of asian businesses. They closed over the same time frame. Now, in april of this year the federal return bank of new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and are twice as likely to be classified as at risk for distress then nonminorities Small Businesses. Further, companies are three times likely as healthy businesses to close because of [inaudible]. The pcp program established under the cares act and administered by the Small Business administration and treasury as funding lifeline for distressed businesses ....
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The announcement. 2. 5 billion dollars to Fast Track Solutions to the bay area housing crisis. I think what we are seeing is employers are seeing this in their interest to help solve the housing crisis. Given the whole the state of california is in its going to take everybody doing new things to help address the housing crisis. Reporter the ceo of the Housing Trust silicone valley it is earmarked for the group to provide funding for housing development. The complete breakdown is as follows, 1 billion doltsar for an Affordable Housing fund. 1 billion for a first time home buyer mortgage assistance fund, 300 million in apple owned land developed into affordable howing. Aforth mentioned 100 million for Housing Trust and 50 million to support vulnerable populati ....
Have room to run we debate that but first i. C. E. Is that the Federal Reserve is that what its feeling right now . Under pressure it should be under pressure no its not it will come. Between the ecb relaunching open and monetary easing and the president tweets urging the bone heads of the fed to cut rates, does the fed have no choice but to move in that direction, guy. I hope thats not the case. I hope they back in october Jerome Powell when he first started in job he said we are going to do whats right for the United States and for the economy. And i really felt he was on the right track. He was going to raise rates in a systematic way and reduce the Balance Sheet. That was the right thing to do in my opinion. I still think that he did a complete 180. Are they under ....
Hilsenrath. No, no. Never. Also on deck this morning fox news senior strategic analyst and retired four star general jack keane, at the bottom of the hour talking about iran, pesm congressman member of the house of judiciary commit yes and services committee, former toysrus, former vice chairman, gary on china and consumer, Fat Brands International chairman ed ramsey is here. Saturday night live alumni talking about eddy murphy, right now checking on futures this morning, losses slight on the dow futures down 7 points after major turnaround in the markets yesterday as cooler heads, calmer heads prevailing in the trade fight between United States and china yesterday. President trump softening his stance toward china after announcing new heightened tariffs on friday saying yesterday at g7 saying he sees a trade deal happening. China wants to mick a deal, now, whether w ....