White House Considering 2nd Aid/Relief Round “seriously” Since 1st Round “worked very well”

White House Considering 2nd Aid/Relief Round “seriously” Since 1st Round “worked very well”

#WhiteHouse #Treasury #aidrelief #stimulus #PresidentTrump #Munchin #CARESACT #benefits #Americans #payments #C19coronavirus, Thursday, Treasury Secretary Mnuchin told reporters that the White House is seriously considering another round of C-19 coronavirus stimulus checks for Americans. “We’re going to seriously consider whether we need to do more direct payments worked very well,” Secretary Mnuchin told reporters. President Trump […]

US Senate Extends Small Business C-19 coronavirus Aid/Relief Program

US Senate Extends Small Business C-19 coronavirus Aid/Relief Program

#Senate #coronavirus #Aid/Relief #PPP #loans #consumers #economy Tuesday, the GOP led Senate approved a temporary extension of a popular subsidy program for small businesses in an unexpected development that came as spikes in C-19 coronavirus cases in many states are causing renewed shutdowns of bars and other businesses. The move came just hours before a […]

Hardest Hit US Businesses President Trump’s Next Aid/Relief Focus (Video)

Hardest Hit US Businesses President Trump’s Next Aid/Relief Focus (Video)

#aid/relief #businesses #rally #Fed #FOMC #Congress #PPP #economy #PresidentTrump $DIA $SPY $QQQ $RUTX $VXX Fed Chairman Powell and Treasury Secretary Mnuchin testified before the House Financial Services Committee about the measures taken to support the economy. Treasury Secretary Steven Mnuchin told Congress Tuesday that The Trump Administration wants the next round of economic aid/relief to […]

The C-19 coronavirus Will Not Shutdown the US Economy Again

The C-19 coronavirus Will Not Shutdown the US Economy Again

The United States cannot let the C-19 coronavirus shut down its economy again, Treasury Secretary Steven Mnuchin said Thursday. He added that more than $1-T in aid/relief funds will flow into the economy over the next month. Secretary Mnuchin said he is prepared to go back to Congress for more money to support the economy, but additional […]

President Trump Praised for Fast Aid/Relief Delivery to The People

President Trump Praised for Fast Aid/Relief Delivery to The People

The Congressional Budget Office (CBO) praised The Trump Administration Tuesday for organizing its agencies to deliver medical emergency aid “incredibly quickly,” which helped the country withstand the devastating economic effects of the C-19 coronavirus chaos. CBO director Phillip L. Swagel said Congress moved fast to approve its stimulus bill, while the Treasury Department and the Small Business Administration (SBA) […]

“Fast Economic Recovery in Sight”

“Fast Economic Recovery in Sight”

$DIA $SPY $QQQ $RUTX $VXX Jamie Dimon sees “pretty good odds” of a fast economic recovery starting in Q-3 thanks to the US government’s stimulus programs and the strength of the consumer going into the Medical Malpractice chaos. “You could see a fairly rapid recovery,” the JPMorgan Chase & Co. CEO said Tuesday at a […]

C-19 Coronavirus Chaos Unemployment Benefits are “a barrier to getting people back to work”

C-19 Coronavirus Chaos Unemployment Benefits are “a barrier to getting people back to work”

GOP weighs jobless aid cuts to urge Americans back to work. President Trump and Senate Majority Leader Mitch McConnell met Thursday at the White House as Republicans plan to phase out C-19 coronavirus chaos-related unemployment benefits to encourage Americans to go back to work. Revamping jobless aid is becoming the focus of debate over the […]

President Trump and Republican Leaders, ‘Reopen Our Economy Prefered Over More Stimulus’

President Trump and Republican Leaders, ‘Reopen Our Economy Prefered Over More Stimulus’

$DIA $SPY $QQQ $RUTX $VXX Tuesday, President Trump and Republican congressional leaders are counting on state lockdowns lifting to propel an economic rebound that will ease pressure for another round of stimulus. “There is only one way out of this dilemma: America has to grow again, to open up again and I am pleased that […]

Commentary: Paul Ebeling on Wall Street, the Fed’s Fast Actions

Commentary: Paul Ebeling on Wall Street, the Fed’s Fast Actions

$DIA $SPY $QQQ $RUTX $VXX Last Week’s Close Friday May options expired, and the market show us that the leaders were going to make good moves. The futures are telling us that Monday trades will be higher after last week’s action. This story helped: Friday mid-session it was the reported that the Fed purchased $305-M […]

President Trump Opposes House $3-T Pork Laden Aid/Relief Bill

President Trump Opposes  House $3-T Pork Laden Aid/Relief Bill

Friday, the US House of Representatives on Friday narrowly approved a $3-T bill crafted by Democrats to provide more aid for battling the C-19 coronavirus chaos and stimulating the economy hammered by the medical malpractice. By a vote of 208-199 Democrats passed a bill that Republican leaders, who control the Senate, have vowed to block. […]

President Trump, “No Rush for More Aid/Relief”

President Trump, “No Rush for More Aid/Relief”

$DIA $SPY $QQQ $RUTX $VXX Friday, President Trump said that he is in no hurry for Congress to pass more C-19 coronavirus related stimulus measures to help the economy. “We are in no rush,” President Trump said while meeting with House Republicans who spent an hour taking turns complimenting and congratulating the President for his […]

US Unemployment Numbers are High, They Were Not Caused by the Economy’s Underlying Fundamentals

US Unemployment Numbers are High, They Were Not Caused by the Economy’s Underlying Fundamentals

Friday, Labor Secretary Eugene Scalia said he is “optimistic” that the United States can recover from the current economic situation faster than in the past fundamental downturns. “Unemployment numbers are very high, much higher than we’ve seen in years past, but it is from a different cause,” Secretary Scalia said in a TV interview. “It […]

Speaker Pelosi Actually Believes Her Democrat Constituents Do Not Mind Her Inflicting Pain on Them…

Speaker Pelosi Actually Believes Her Democrat Constituents Do Not Mind Her Inflicting Pain on Them…

Friday, US House Speaker Nancy Pelosi (D-CA) insisted that Congress’ next economic package provide billions for financially reeling state and local governments, signaling a coming dust-up as Representatives and Senators continuing their response to the coronavirus chaos. “There will not be a bill without state and local aid“, Speaker Pelosi told reporters. Suggesting that she […]

US Stocks End the Week on a Positive Note

US Stocks End the Week on a Positive Note

$DIA $SPY $QQQ $RUTX $VXX $AAPL $MSFT Friday, the S&P 500 finished +1.4% on Friday, wrapping up a negative week on a positive note with buyers coming into the close as sellers faded. All 11 S&P 500 sector indexes finished in the Green, with IT leading at + 2.1% and materials rallied 1.5%. The tech […]

Several States Planning to Reopen, Georgia is in the Spotlight

Several States Planning to Reopen, Georgia is in the Spotlight

From Tennessee, Texas to Ohio and Montana, states around the country have announced plans to reopen over the next 2 wks. Their plans have drawn criticism from health experts who warn that a premature easing of stay-at-home guidelines could trigger a rise in coronavirus cases. Georgia Republican Governor Brian Kemp has cleared the way for gyms, […]

The ‘Masked Marauders’ after 3 Weeks of Pleading for ‘Pork’ Passed the Bill to Aid America’s Small Businesses

The ‘Masked Marauders’ after 3 Weeks of Pleading for ‘Pork’ Passed the Bill to Aid America’s Small Businesses

Thursday, the Democrat controlled House passed a $484-B interim coronavirus bill that includes additional money for the small-business loan program, as well as for hospitals and testing, making way for the legislation to become law by Friday. The bill includes more than $320-B for the Paycheck Protection Program (PPP) created by the CARES Act passed late last month. The program, […]

US Aid/Relief Small Business Loans Being Approved, Money Being Dispersed Quickly

US Aid/Relief Small Business Loans Being Approved, Money Being Dispersed Quickly

By Friday, the US government had approved 661,000 loans to small businesses totaling $168-B under a program to address the fallout from the novel coronavirus pandemic. A $2.3-T economic aid/relief program enacted last month under the CARES Act allocated $349-B to loans to small businesses hurt by the health crisis that can be turned into […]

CARES Act: “Virus Aid Direct Deposits Go Out Next Week”

CARES Act: “Virus Aid Direct Deposits Go Out Next Week”

Treasury Secretary Steven Mnuchin told House Democrats that direct deposits to Americans will begin next week under the coronavirus aid/relief package. He also told the lawmakers that $98-B has been approved for small business retention under a program The Trump Administration wants Congress to bolster with another $250-B in a vote expected Thursday. The comments […]