U.S. Treasury Secretary Steven Mnuchin has announced that small businesses (0 to 500 employees) and sole proprietorships can start applying for the coronavirus relief funds on April 3rd.  One week later, April 10th,  self-employed individuals, 1099 contractors and s-corps can apply.  [Visit SBA.gov/coronavirus]

[pdf link available here]

WASHINGTON – Following President Trump’s signing of the historic Coronavirus Aid, Relief, and Economic Security (CARES) Act, SBA Administrator Jovita Carranza and Treasury Secretary Steven T. Mnuchin today announced that the SBA and Treasury Department have initiated a robust mobilization effort of banks and other lending institutions to provide small businesses with the capital they need.

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Earlier today President Trump re-emphasized a point he has made previously; with near-zero interest rates, now is the time to consider a $2 trillion direct infrastructure program to rebuild U.S. roads, highways, airports, bridges, tunnels and technology networks.

The U.S. dollar is in high demand as countries and international investors seek the security of U.S. bonds.  As a result, the value of the dollar is high – which has the negative impact of making our exported products more expensive.

However, this investment demand scenario provides an opportunity to sell bonds, take investment dollars with near-zero interest, and then use the funding to work on internal economic expansion offsetting the challenges of a high dollar value on exports.

President Trump clarified at his press conference today the objective of an infrastructure bill would be based on real, substantive improvements; and he would not support any investment toward the ridiculous schemes within the green new deal.

America First !

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MyPillow founder Mike Lindell has shifted the majority of his U.S. manufacturing plants to generate 50,000 healthcare masks per day.   During his announcement at the White House Mr. Lindell shared a hope that Americans will revisit their faith and embrace God and hope during their time at home. The media went absolutely bananas.

Today Mr. Lindell explains why he told people to pray during their time in isolation amid the coronavirus pandemic.  Mike Lindell is buckets of awesome.

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Unfortunately, with President Trump effectively communicating the latest information on the federal efforts to mitigate COVID-19, more corporate U.S. resistance media have decided not to carry the live broadcasts from the White House task force briefings.

Today at 5:00pm the White House will hold a briefing for the public and media on the latest mitigation efforts against the coronavirus. [Livestream Links Below]

Fox News Livestream Link – State Dept. Livestream – RSBN Livestream Link

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“[Government] shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.”  (First Amendment – U.S. Constitution)

Setting aside my profound disdain for this action… In the short-term there will likely be those who genuinely believe this is legally defensible as a result of a public health emergency. However, in the long-term two things will happen: (1) over time, and up to the possibility of SCOTUS intervention, the pastor will win any legal case against him; and (2) hopefully people will realize quickly the term “essential service” is arbitrary.

Inside the definition of two words “essential services” (which is different from area to area) is all that remains of your liberty.  The first amendment of the constitution applies equally for all persons in all areas; the definition of “essential services” does not.  That’s the legal issue that will see this pastor win, if he chooses to fight.  Faith, the ability to worship, is easily argued as the preeminent ‘essential service’ to the individual and church.

FLORIDA – A Hillsborough County pastor was arrested Monday after he intentionally and repeatedly violated orders that no gatherings of 10 or more people he held in order to stop of the spread of COVID-19 by holding services at his megachurch, Hillsborough County Sheriff Chad Chronister announced Monday afternoon.

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Unfortunately, with President Trump effectively communicating the latest information on the federal efforts to mitigate COVID-19, more corporate U.S. resistance media have decided not to carry the live broadcasts from the White House task force briefings.

Today at 5:00pm the White House will hold a briefing for the public and media on the latest mitigation efforts against the coronavirus. [Video Added]

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Treasury Secretary Steven Mnuchin explains some of details about how the CAREs Act provides financial relief for small businesses (0 to 500 employees). Mnuchin explains how the primary part of the relief bill will support approximately 50% of those impacted.

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The Treasury Department has stood up a system inside the Small Business Administration that cuts through much of the bureaucracy. By using FDIC lenders (local banks) as the point of contact for small businesses and S-corps Treasury can backstop the process.

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Well, well, well….  After the media went bananas trying to refute President Trump several weeks ago after he spoke optimistically about the potential for a malaria medication called chloroquine or hydroxychloroquine to be used to combat the coronavirus, today the FDA has approved its use.

WASHINGTON – The Food and Drug Administration on Sunday issued an emergency use authorization for hydroxychloroquine and chloroquine, decades-old malaria drugs championed by President Donald Trump for coronavirus treatment despite scant evidence.

The agency allowed for the drugs to be “donated to the Strategic National Stockpile to be distributed and prescribed by doctors to hospitalized teen and adult patients with COVID-19, as appropriate, when a clinical trial is not available or feasible,” HHS said in a statement, announcing that Sandoz donated 30 million doses of hydroxychloroquine to the stockpile and Bayer donated 1 million doses of chloroquine.

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National Economic Council Director Larry Kudlow appears on Fox News with Maria Bartiromo to discuss the critical decisions to balance health risks for Americans with the need to keep the U.S. economy primed to reignite.

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Treasury Secretary Steven Mnuchin appears on Fox News to discuss the latest developments in the battle against COVID-19 and how the coronavirus economic relief package will roll out. Unfortunately the always insufferable Wallace wants to waste time discussing the politics of the administration effort and not communicate important details to American businesses/individuals about what financial relief efforts are available.

Smartly Secretary Mnuchin outlines the process. The Treasury Department has stood up a system inside the Small Business Administration that cuts through much of the bureaucracy. By using FDIC lenders (local banks) as the point of contact for small businesses and S-corps Treasury can backstop the process. [SEE BELOW]

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The local business (or S-corp) takes their payroll and yearly expense documents to their local bank where they already have a relationship. As long as the bank is in the FDIC network; and because the emergency funds are distributed based on a good faith relationship; the bank gives the business or individual immediate access to funds; the bank deposits in the business account. The FDIC guarantees the lender against any risk.

If the business does not continue payroll for the employees, the funds are considered a loan that must be repaid. However, if the business retains their employees (continues to keep current payroll); or -if needed- rehires any recent lay-offs using the funds provided; then the emergency loan becomes a grant the business will not have to repay. The system should be in place by this Friday.

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