run by steve maneuver the banker hill decide if banks are allowed to take your money and of course minucci did the very predictable thing which was to say absolutely banks if somebody owes you money this stimulus check is going right into their account at your bank you can go ahead and keep it that is what they explicitly told the bank teller and extent the bill exactly limit you the back story a little bit more treasury department is having this massive webinars telephone conference with banks all over the all of the u.s. and they they say by the way is it ok if we take this money that comes to us the $1200.00 check and if they owe us money on overcharges are they on us money on delinquent payment on a loan that we can take that money and real cutesy she says well you know there's nothing the explicit that says you can't add other words you're right they understood this when they went into it. 1 understands that he's looking out for the banks the whole concept of this is a put money in the hands of people who have to pay for things like food and rent or whatever they might their needs be

percent of the assistance would have to be paid back now according to treasury secretary terry stephen minucci and the airlines that will receive the funding include alaska airlines allegiant airlines american airlines delta airlines frontier airlines hawaiian airlines jet blue united sky west and southwest airlines now conversations continue with airlines regarding their potential participation no that's of course what. joining us now to discuss is boom bust co-host and investigative journalist ben swan ben thank you so much for joining us today you know yesterday when we saw the reports of this all coming out it was interesting to see how it was written as the airlines have accepted this bailout they've they've done a gracious moment and accepted it but i want to start with the issue of repayment so far we know that about 30 percent of these bailout funds will be in loans and the other 70 percent will be in grants why exactly is that. that's where the acceptance part of this story comes from because the airlines didn't want to have 70 percent of these come in the form of grants and 30 percen

percent of the assistance would have to be paid back now according to treasury secretary kerry stephen minucci and the airlines that will receive the funding include alaska airlines allegiant airlines american airlines delta airlines frontier airlines hawaiian airlines jet blue united sky west and southwest airlines now conversations continue with airlines regarding their potential participation now that's of course what. joining us now to discuss this boom bust co-host and investigative journalist pence. ben thank you so much for joining us today you know yesterday when we saw the reports of this all coming out it was interesting to see how it was written as the airlines have accepted this bailout they've they've done a gracious moment and accepted it but i want to start with the issue of repayment here so far we know that about 30 percent of these bailout funds will be in loans and the other 70 percent will be in grants why exactly is that. right that's where the acceptance part of the story comes from because the airlines didn't want to have 70 percent of these come in the form of grants an

businesses who aren't seeing a lot of these loans where are president trump and and treasury secretary minucci now going to be asking these businesses to return those funds so interesting how this is all really playing out now kristie i co-hosted and lodge of logical investor thank you both for your time. thank you thank you. only days after apple and google announced a landmark agreement to work together to create a contact tracing out for the corona virus one country is already asking the companies to go further in terms of violating privacy of users with that country france has become the 1st country to call publicly for the tech giants to weaken up privacy protections around digital content tracing this after its government admitted that its current plans wouldn't work without changes to smartphone operating systems will france's digital minister see jericho told bloomberg news that we're asking apple to lift the technical hurdle to allow us to develop a sovereign european health solution that will be tied our health system with joining us now to discuss is being with co-host to journalist

percent of the assistance would have to be paid back now according to treasury secretary kerry stephen minucci and the airlines that will receive the funding include alaska airlines allegiant airlines american airlines delta airlines frontier airlines hawaiian airlines jet blue united sky west and southwest airlines now conversations continue.

has ever heard of a thing like this so they've done some jobs let me just tell you when secretary minucci they want you to call it not dot com but s.b.a. dot gov ok for the application and for information ok so it's s.b.a. small business as be a dot gov ok if you don't mind yeah let's go please sir thank you mr president i want to call up from a question yesterday regarding the grid ministrations denial the expansion of the flow of air special roman period in the wake of this endemic in your own words has given 5 minutes non-answer but people facing this and temecula this and even worse most experts say that having health care is critical to our nation's health and i mean actual bill being can you assure americans tonight that you will reopen obamacare marketplace is that if they can be covered in this time of combined well we're doing better funded yeah you know i understand the question we're doing better than that we're going to try and get a cash payment to the people and we're working out the mechanics of that with the legislature so we're going to try and get them a cash payment bec

briefing with more of them out of work than any time since the great depression treasury secretary steve minucci said they could expect long awaited stimulus checks of up to $1200.00 apiece direct deposited in their bank accounts on wednesday. the spectacle eclipse the results of the wisconsin election announced one week after the state forced voters to gather at polling places despite the pandemic the man the president assailed throughout his news conference his chief rival joe biden won handily john hendren al-jazeera chicago. well in the news i had a disease back home 2 fronts in the democratic republic of congo over 19 and developing. how greece's dependency on tourism is proving a weakness during and then again. how we got the usual scattering of showers across southeast asia some of the showers there into malaysia into indonesia i had also some showers now starting to show their hand across the philippines south and indeed across a good part of indochina so i will see some wet weather coming into thailand as we go on into wednesday scattering the showers into northern parts of the philippi

several incredible small businesses from across our country also with us treasury secretary steven minucci steve thank you very much and s.b.a. administrator you've been busy city by the way and little bit rent broke every record in the book and s.b.a. administrator jovi did carotids i think you. have you got to sleep you know less 2 weeks at all the next hour and you broke every single lending record numbers of loans amount of loans small business sexually a very big business when you think about it thank you very much of it great job as our nation battles against this terrible scorch we continue to pray for the victims as well as for those americans who are grieving their lost ones and their loved ones it's never been anything like this we suffer with one heart but we will prevail we're coming back and we're coming back strong we built the greatest economy anywhere in the world 2 months ago and we're going to build it again we're going to build it fast it's going to go very quickly and larry thank you for being here very much it's you see what's going to happen i think you have the same

hurdle and you tell me well mitch mcconnell you know he had worked with palosi and schumer and even minucci and was in on these and you know that they would let the democrats get anything they wanted in the legislation which would have included according to what democrats say they wanted more money for american workers instead all it did was it replenish some of the money corporations and taken out of the small business loan program they gave some money to hospitals and which is nice certainly nowhere near enough and then that was it but democrats thought ok well don't worry mitch mcconnell says he's going to come back on may 4th he's senate back in session we're going to work with him we're going to get this thing and mitch mcconnell the day after they pass this piece of legislation he tells hugh hewitt he says no we're i'm done we're done with i'm not what are they talking about i'm not doing in other areas of legislation my only priority is conservative judges and that's always been his pride and interview somebody people know we do this and they see. in the interviews on the you the sam

absolutely in fact that's not just the president saying that but also the treasury secretary steve minucci and even the vice president mike pence who have caused a bit of confusion because they're insisting that social distancing may be behind most americans buy more day which is the end of may a holiday weekend here in the united states but that's not what top public health officials like dr deborah burke's are saying in fact she suggesting the social distancing is here for some time at least through the summer months now this is caused some confusion as states are reopening their economies and they're doing it at different paces in different ways at different times you know over the weekend we saw it in georgia south carolina oklahoma ask alaska that essentially there were hair salons opening up the tattoo parlors bowling alleys and then we've seen in colorado another state in sort of the middle of the united states that they are allowing curbside retail starting today but then we've had other states that never shut down at all or at least sort of an extensive stay at home order so this

would include jared cushion or his son in law and daughter ivanka trump treasury secretary stephen minucci commerce secretary wilbur ross and the national economic advisory council director larry kudlow so he's got his own little group notably of the names that have leaked out we haven't heard about any health officials and no outside economists being in that particular group there may be more cuomo went on to say in his cautious remarks that there really wouldn't be a sense of normalcy here in the u.s. or indeed in the world until there was a vaccine and that could be 12 to 18 months so all of this talk of reopening businesses here in the u.s. would really be a staged process there would still probably be some measure of social distancing limits on people in stores but that of course would be made on a state by state basis and the way also expected that. that could be a shot of a speculation of the future of adult. that's right fact she has figured highly over the weekend he said some things on the sunday talk shows the probably upset the president and launched this whole speculation what