Welcome to the Jill on Money Coronavirus Market update. We are recording at

431 on Monday afternoon where I am Mark it is like a monsoon here. I cannot even believe

how windy it is, how much rain has fallen. It feels like rain is coming into the house. It's scary. It really is. So with that said, that's

your weather report for today. I also have another factoid for everyone. I'll get to the

markets in a second. I don't really care about the markets because I got another fascinating, fascinating piece of information. You know, we've been talking so much to many of you about the SBA loans.

Well, today as of 3 p.m. Monday, the SBA has approved 941,000 PPP applications, that's the payroll protection program,

and nearly, and this totals over $28 billion at nearly 4,600 lending institutions.

Why is this unbelievable?

In just one day, today,

61,000 loans were approved as of 3 p.m. by the SBA,

that is more than all of the SBA loans last year. Can you imagine in one day? That's what the demand is all about. It is insane.

A couple of other things that you should know.

Eighty million Americans are expected to receive their economic impact payments in their bank accounts this week.

That is according to the US Treasury Department.

So yippity, skipity, if you do a check,

a lot of you are going to get it this week.

In terms of some market action, here's what happened. There was an agreement to curtail oil production. Stocks

initially, upon hearing the news, investors liked it, then they sold the market off a little bit, just down by 1% or so for the big stocks,

but interesting, the NASDAQ defied gravity up a half a percent. I don't know. We don't know why we're just reporting the news. So with

that said let's get to you. Your emails front and center if you've got a

question ask Jill at Jill on Money.

Come.

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