Wall Street Unplugged looks beyond the regular headlines heard on mainstream

financial media to bring you unscripted interviews and breaking commentary direct from Wall Street

right to you on Main Street.

This is going out there. It's September 23rd.

I'm Fran Curzy, I hosted the Wall Street on Club Podcast, why break that the headlines.

And...

Tell you what's really moving these markets.

So as you know I've been pretty bullish since May.

Since the amount of money our government was willing to throw at the coronavirus problem

to prevent an all-out depression as businesses across every state were

being forced to shut down and this is something an event that no business prepares for?

Now you talk about a decline in 75% of more in sales immediately.

In other words, you're not seeing a slowdown where you change your business model hiring new people

going through those ebbs and flows like most businesses do this is something that

you can't see coming there's no playbook. It was immediate it was was damaging, it was scary, having to lay off for a low employees out of

nowhere when businesses, I mean you look at the airlines how great they were doing.

Again, no playbook for this is pretty crazy.

So the government had they react forcefully, aggressively.

Spend six and a half trillion dollars.

Six and a half trillion dollars included direct payments to families, $4 trillion for business loans that were pretty easy to obtain for most businesses.

50 billion loans are the airlines, 8 billion of loans to the airlines, $8 billion to air cargo carriers, $17 billion to business who are critical to national security,

$425 billion for the Secretary Treasury, where they can use that cash to buy basically almost anything they want which was bonds in terms of backstopping risky debt

...