Tweet earlier in the hour does suggest that you think these retailers are prepping us for numbers that are going to be tough to replicate. Yeah, i think that they have to, carl they all know that america was flush from the 1,200 check and they also know there is a lot of stay at home people trying to make their homes into an office and a home, and that thats largely passed now, that doesnt mean that you shouldnt buy these stocks because that money went to these essential retailers and now theyre stronger than ever, but i know that if you are if you are at walmart it does not pay to say this is going to continue same thing with home depot i say you wait, let them come down and recognize that these are just so good that you want to be in them. Particularly, say, if a lowes comes down, thats kind of attractive, they report tomorrow look, these are remarkable companies, but they are also given as remarkable companies are to humility and to a respect to the individual investor they dont wan
Small and mediumsized businesses that were in sound Financial Condition before the virus impact of the economy we will hear from the head of the fed in boston and banking and business leaders. Will come tog order. This is a hybrid hearing meaning some of our commissioners are appearing in person and witnesses will testify remotely. Let me offer a few Video Conferencing reminders. Before you start speaking there will be a slight delay before you are displayed on the screen. Click the mute button until your turn to speak or to ask a question. If there is a technology issue, well move to the next speaker until it is resolved. You should all have one box on your screens labeled clock to show you how much time is remaining. Congressional Oversight Commission pursuant to section 4020 of title 4, subtitle of the cares act, the Commission Must conduct oversight of the 500 billion authorized for the Exchange Stabilization fund. As a part of our oversight work, the commission has decided to hold
Mr. Secretary, thank you for joining us this morning. I want to get right to the news. 2. 4 million new jobless claims of unemployment this morning, several Senate Republican said yesterday they want to see some action now on the next relief package. Is another package necessary and if so, when. Well, let me comment first of all, im very sympathetic to the people who are not working at no fault of their own because we close down the economy and as we slowly reopen the economy in a safe way we will get people back to work. In the current cares package there is several parts of it that are designed to help those American Workers. One is the ppp and getting people back to work through that process. The other is the Economic Impact payments which are the direct payments and finally be enhanced on employment insurance. We do need to fix where in certain cases we are paying more than they made so we need to fix that. We will carefully review the next few weeks and i think there is a strong l
People who are not working at no fault of their own because we close down the economy and as we slowly reopen the economy in a safe way we will get people back to work. In the current cares package there is several parts of it that are designed to help those American Workers. One is the ppp and getting people back to work through that process. The other is the Economic Impact payments which are the direct payments and finally be enhanced on employment insurance. We do need to fix where in certain cases we are paying more than they made so we need to fix that. We will carefully review the next few weeks and i think there is a strong likelihood we will need another bill but we just have three chilean dollars we are pumping into the economy and will step back for a few weeks and think clearly how we need to spend more money and if we need to do that. As you know, mr. Secretary, the house passed a 3 trilliondollar bill that is strongly opposed by the administration and Congressional Republ
Mr. Secretary, thank you for joining us this morning. I want to get right to the news. 2. 4 million new jobless claims of unemployment this morning, several Senate Republican said yesterday they want to see some action now on the next relief package. Is another package necessary and if so, when . Well, let me comment first of all, im very sympathetic to the people who are not working at no fault of their own because we close down the economy and as we slowly reopen the economy in a safe way we will get people back to work. In the current cares package there is several parts of it that are designed to help those American Workers. One is the ppp and getting people back to work through that process. The other is the Economic Impact payments which are the direct payments and finally be enhanced on employment insurance. We do need to fix where in certain cases we are paying more than they made so we need to fix that. We will carefully review the next few weeks and i think there is a strong