APRIL 19TH, 2020 – WEEKEND EDITION- THE ECONOMY IS SUPPOSEDLY OPENING AND STOCKS FOLLOW THE POSITIVE FUTURES AND RALLY 500 POINTS- BUT AN CNBC STORY SAYS THAT THIS IS BECAUSE THERE IS A HOPE FOR AN EFFECTIVE CORONAVIRUS TREATMENT. IS THIS A SIGN OF REAL HOPE FOR THE ECONOMY AND IS THIS WHAT THE MARKET IS REALLY RESPONDING TO? BUT BEFORE THAT, LET’S LOOK AT THE STATE OF THE STIMULUS PACKAGE- AT LEAST IN REGARD TO SMALL BUSINESS, WHAT SOME MIGHT CALL THE BACKBONE OF THE AMERICAN ECONOMY.
BUT IF THE ECONOMY IS OPENING SOON, HOW IS THE STIMULUS CONTRIBUTING TO THE PRESENT STATE OF OUR ECONOMY?
Here’s what the New York Post says about the stimulus checks, often sent to desperate American citizens.
Now, we take a rather lucid look at the problems for small business with Mark Cuban, Mavericks owner and entrepreneur, and Dr. Tony Coles, Chairman of the Black Economic Alliance on Ali Velshi’s mainstream program. Yes, Ali Velshi is mainstream but I often like his reporting- and I very much like this program. Both Cuban and Coles say some very important things about the so-called stimulus and its failure to help small business.
John Iadarola and Ana Kasparian break down more of the effects of the Stimulus on The Damage Report.
MAJOR MEDIA EXPLAINS THE DOW RALLY
CNBC: DOW RALLIES 500 POINTS ON HOPE
FOR AN EFFECTIVE CORONOVIRUS TREATMENT
Stocks surged after a report said a Gilead Sciences drug was showing effectiveness in treating the coronavirus. Read the full story:
https://apple.news/AIZLOYB80QIO0vuz3Y35xxA
On Thursday, April 16th, post-market, Greg Mannarino, a former practicing physician but now an analyst, gave a very large-sized offer of support to the President for trying to open the economy.
Friday morning, pre-market, Greg discusses the rally- but also some of the disturbing aspect of today’s economy with crude oil crashing and the 10 years Treasury bond unable to pull over .01%. He reiterates his support of Trump’s desire to open the economy.
Here is a link to the interview Mannarino had with Gerald Celente that was featured in Celente’s well-known Trends Journal and mentioned in the video above.
Yes, the growth of jobs over Trump and much of Obama has now disappeared into the pages of history.
After all this stuff going on right before our eyes, should we give up hope? I say-
