Small business deal nears

— NYT’s Neil Irwin: “Our economic data wasn’t built for this. The United States is experiencing an unfathomable collapse in its economic activity. That much we know. But more so than in even in a normal recession, the tools we have to understand what is happening to the economy are becoming distorted or harder to interpret, for a wide range of reasons.”— Reuters’ Michelle Price: “U.S.

“Gains in coming days would extend the advances of the past two weeks, spurred by optimism on Friday of a coronavirus treatment and the prospect of a staggered reopening of the U.S. economy. Options traders are also betting that the worst of the rout may have passed. JPMorgan Chase & Co’s implied-volatility index for emerging-market currencies has declined from the nine-year peak reached a month ago after a deluge of central-bank stimulus.

“Economic historians have long thought that the Black Death, among other pandemics, had a significant impact on how income is shared between those who own land and other assets and those who provide the labor. The most direct and brutal way in which that impact is felt is a change in the supply of labor. Viruses and bacteria kill workers, who become less plentiful as a result. For those who survive, wages rise.

“Groups representing commercial creditors, who snapped up bonds from low-income countries in recent years amid record-low yields in developed markets, said they would be willing to participate. But a deferral of sovereign bond payments will be far from easy.”— WSJ’s James R. Hagerty: “Paul O’Neill, a former U.S. Treasury secretary and Alcoa chief executive whose independence and blunt speaking style led to clashes with President George W. Bush, died early Saturday at his home in Pittsburgh.

Whether you like Trump or not the Executive branch does not approve something like the PPP that is 100% congress.

We know you guys are saying 'this Congress' to avoid calling out Pelosi and Schumer directly, considering this is their fault, because they're the ones who blocked more funding. Partisan pigs.

It appears one of the dumbest things NYNY Gov. and Mayor have done, is not shutting down the subway system that infected and killed thousands with COVID19

Hopefully there'll be oversight and true small businesses will be able to access these funds, not just trump's rich donors

The dumbest thing was allowing restaurants be eligible if they have 500 or more employees at 1 location. Ruth's Chis got 20 million because they applied under 2 different divisions. Little guy gets screwed.

I'm afraid domestic consumer spending has be changed permanently. Dr Evil / Amazon should be reporting Q1 s shortly and I'm guessing they will be astounding. Any attempt to support America's Main Streets all across this nation will be met with a plague of Sea Bass w/laser beams

Another senseless jab? The Admin didn't DO anything 'dumb'. Congress passes the legislation, Exec signs or vetoes. The first 250 billion wasn't enough, NOW WE HAVE BEEN WAITING ON NANNY PELOSI to exit her house and her desserts....

Did...this 'news' site really not go into why that's their opinion while still calling it better than the alternative? And...calling it news not opinion?

This tweet is grammatically on a 3rd grade level. If I'm able to decipher what you're whining about, It would seem you're sad because the left wing terrorists blocked the SB funding to add funding for illegal aliens, paper voting (to cheat) it amazes me you're allowed to operate.

They were busy making sure banks and investors were paid first.

'This is a tremendous opportunity to restructure things to our vision.' -James Clyburn, Democrat. Democrats have stalled this for partisan reasons to fund irrelevant nonsense.

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Why the scheme to help small business isn’t workingEven firms that were thriving before the pandemic may find it hard to service additional debt taken on through Britain's business interruption loans I've noticed some product in grocery stores are being marked down b/c it appears they are not selling. I was wondering how many products that will be true of as well as the availability of future of fresh fruits and vegetables in about one to 2 weeks time.
La source: TheEconomist - 🏆 6. / 92 Lire la suite »

Mnuchin, Pelosi say 'very close' to a deal on second round of small business loansThe $349 billion rescue loan program ran out of money on Thursday, just two weeks after it was launched to help small businesses struggling with the financial hit of the coronavirus pandemic. He need inflate market for You Friends , whonis your friend? Jo Morgan Let do this! Help!
La source: CNBC - 🏆 12. / 72 Lire la suite »

Mnuchin says 'we are very close to a deal today' on small business packageTreasury Secretary Steven Mnuchin said he's hopeful that an agreement with Democratic congressional leaders could be reached Sunday on a small business package stalled in Congress. More money to banks so they can refuse loans and then cry poor.. Smh don't forget about the 1.6 trillion given with no hesitation to the financial institutions as soon as wall street started melting down Why a deal? It was a clean bill until SpeakerPelosi spiked it. CoverJoeBiden
La source: cnnbrk - 🏆 393. / 55 Lire la suite »

Mnuchin says deal 'very close' on billions more for small business loansThe deal would include $300 billion in new funds for small businesses to pay their employees, as well as $75 billion for hospitals, Mnuchin said. Billions why not trillions have you decided the small businesses can't handle it.Dont set them up for failure,success is a lot better.Unlike mnuchin I think small business has well over 50% of the workers in THIS country It's not right when our lives and very futures are dictated by the wealthy that have never walked in our shoes we the people need to change that,you don't need a college education to be in congress or president,the brainiacs have no clue what we go thru in real life just sayin
La source: USATODAY - 🏆 100. / 63 Lire la suite »