Your money . Congress is returning to washington for one more attempt at reaching a covid relief deal as Small Businesses all over the country close and for good and more lockdowns are on the way. Well get reaction from california congressmanelect and former congressman darrell issa. All that and a lot more coming up right here on making money. David so moderna is now the Second Company to file for emergency use authorization of its covid19 vaccine from the fda. The company says its vaccine is 94 effective and 100 of its study, kept 100 of its studies from developing severe coronavirus cases but while the world pins its hope on covid19 vaccines there are scientific, regulatory and market hurdles to overcome. Blake burman joining us now to break it all down. Blake, please explain to me this 100 effectiveness against severe cases of covid. How would they know that . Reporter that got the ceo, stefan bonn sell excited. When they went through the phrase three trial but there were 30 severe
This is kathleen from minnesota. Good morning. What is the state of Small Business in your Small Community . Everything is drivethru, but you cannot go in and sit down and eat. Its at disney had 30 two thousand jobs, so everything brickandmortar, you have to wear masks if youre going into the store. We are barely hanging on. The United States department of agriculture stopped giving out School Buses School lunches out on the buses. Host as we look at the state of Small Business including mississippi, what is your message to washington at this point . Where is Mitch Mcconnell . He put the bill on the table to be passed and he left town. Nancy pelosi put up the heroes act, and nobody is talking about recession. Nobody talking about people in the hospital that need ppe. This is dire. Just sitting at home ever since january of 2020, when the first covid19 came into mississippi. Ost thank you we want to hear from Small Business owners, employees, shoppers, folks like kathleen who live in mi
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 responding to the culminating pandemic. What recent analysis by the color of change and the u no space United States found only one in ten African American and late lati
The speaker pro tempore for what purpose does the gentleman from North Carolina seek recognition . Mr. Butterfield as the member designated by mr. Price of North Carolina, pursuant to h. Res. 8, i inform the house that mr. Price will vote yes, he will vote yes on h. Con. Res 11. As the member designated by mr. Carson of indiana excuse me, mr. Speaker mr. Carson of indiana, pursuant to h. Res. 8, i inform the house that mr. Carson will vote yes, he will vote yes on h. Con. Res 11. The speaker pro tempore for what purpose does the gentleman from illinois seek recognition . Mr. Garcia as the member designated by mr. Grijalva of arizona, pursuant to h. Res. 8, i inform the house that mr. Grijalva will vote yes on h. Con. Res 11. As the member designated by ms. Ocasiocortez of new york, pursuant to h. Res. 8, i inform the house that ms. Ocasiocortez will vote yes on h. Con. Res 11. The speaker pro tempore for what purpose does the gentleman from arizona seek recognition . Mr. Stanton as the
Now in april this year the Federal Reserve bank in new york reported that minority and women owned businesses are significantly more likely to show signs of limited Financial Health and more likely to be classified as at risk for distress the nonminority Small Businesses. Further companies are three times likely as Healthy Business to close because of a two month the ppps program established under the cares act and administered by the Small Business administration and treasury for distress with responded to the covid19 pandemic. Recent analysis of the color of change in the United States found only one in ten africanamerican owned businesses received the requested funds through the program. I have heard from many a minority owned businesses who did everything right, they did not give a low number or loan in the first round, many minority businesses share the enhancement act was not adequately designed to enhance or assist Small Businesses. Thank you to the partnership of the Financial