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, […]
$DIA $SPY $QQQ $RUTX $USO $OIL $VXX The lack of demand in the world Crude Oil market has set it up to be forced into a necessary rebalancing over the coming weeks as rapidly filling storage leads to significant production cuts and higher prices. See price volatility continuing high in the weeks ahead, as retail […]
$RUTH $SHAK Over 2 wks, the US government pledged $350-B to Main Street businesses across America desperate for cash after coronavirus lockdowns. A picture is emerging of who got the money. More than 25% of the total went to fewer than 2% of the firms that got relief. They include a number of publicly traded […]
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 […]
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 […]
President Trump continues to want to reopen the nation’s economy as soon as possible, and is working “hand-in-glove” with the private sector to make that happen, National Economic Council Director Larry Kudlow said Tuesday. “This is not a total government-run operation,” Mr. Kudlow said on TV. “We are cooperating with the private sector. They are […]
We are sparing no expense to win this war President Trump said Monday at the White House briefing. “We have the best doctors, the best military leaders, and the best logistics professionals anywhere in the world,” President Trump said. “And we are orchestrating a massive federal response unlike anything our country has ever seen or […]
If you, your company or organization is interested in helping to stop the spread of COVID-19 coronavirus, please see this page on FEMA’s website for more information. Examples for the private sector include the following as stated by FEMA, as follows: To sell medical supplies or equipment to the federal government, please submit a price quote under the COVID-19 PPE […]
Nobody has any sense of how long this coronavirus lockdown will last so the federal and state government have put in place forbearance programs allows everybody to press pause on their current circumstances and breathe. And take a look at what the world might look like in 6 or 12 months and plan for that. […]
FCC Chairman Ajit Pai said Wednesday that the government’s new Telehealth program will allow healthcare providers broadband connectivity and devices that will allow patients to get care they need remotely. “This is a game-changer for American healthcare providers and America’s patients,” Chairman Pai said on TV. He explained that the CARES Act, or the 3rd […]