linda mcmahon joins us. linda, it is real simple.re is individual checks that are going to be out there at some point. mr. kudlow mentioned that over the weekend. when does the small business get there proverbial check? linda: ask for having me. those loans will be available to small businesses starting this friday. if that is possible, that will be a good boost to the small businesses. we have to remember that small businesses make up 99% of all businesses in the country and they make up half of the gdp. the president really wants to get these businesses and keep them whole, especially over the next eight weeks and that is what these loans are designed to do. be: if this is assumed to income substitution or income replacement, do you assume stimulus toches of assist that 90% of america? get to what the hope is for small businesses and that is to help these businesses hire back or keep workers on the payroll. if they do that for the eight weeks, then that loan will be forgiven. they can go to their local bank and that is the best thi

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even at reduced hours, reduced pay. >> thank you, linda mcmahon, for phoning in. >> thank you >>> historic declines triggering a circuit breaker for the third time in two weeks. as economic activity grinds to the halt, the market should stay open the new york stock exchange floor is open. joining me is stacy cunningham, thanks for joining us. there has been a course of people saying close the market, give us some time to, you know, help our families prepare and kids are now home from school. what is the case for keeping it open >> i think it's good question, and i understand why people are asking it. they are concerned about the precipitous falloffs and want that to stop i think it's important to understand that the underlying causes of the market sell-off would not change if we stop trading and the market is a good indicator of what investor sentiment is and investors need access to their money. also if we close the equity markets we would see selling occurring so it could have rippling effects so it's important to keep the markets open i want to address why people are asking that questio

we are joined by linda mcmahon, former small business administrator. welcome to the program. good to have you back with us. on the phone: thank you, stuart. good to be here. stuart: now, we hear a lot about this rescue package, $2 trillion worth of it. we hear a lot about the federal reserve putting aside i think it's $400 billion in loans to small businesses. let's suppose that i run a small business and it's closed down. when can i expect to get some money and who is the money coming from? >> well, stuart, the first thing that has to happen is that congress has to pass this legislation. i think it is absolutely unconscionable what has been happening, when we were so close to having a deal, getting this money into the hands of small businesses so that they can pay their employees and keep them on staff. it is much harder to restart a business once you have laid off employees. but this bill allows for money to go to small businesses and if they keep their employees at the level they had them approximately a year ago, they are going to pay them for their benefits, they are goi