ppp, paycheck protection program.meant to give small businesses loans to stay in business as the pandemic ravaged the nation totaling $800 billion. it helped a lot of small businesses stay afloat and pay employees during a difficult time it may have wasted a lot of your money. maybe hundreds of billions of dollars. a new report by the st. louis fed reserve said the ppp plan was quote not targeted well. also, quote, only one quarter of ppp funds supported jobs that would have otherwise disappeared. it gets worse. the study found of the jobs saved by the money, the afteaverage cost of the saved jobs was $169,000 to $258,000 that is compared to the small pay of $58,000 three to five times as much as the job itself was spent on saving the job overall, ppp cost you, taxpayer, $4 for every $1 in wages and benefits received by workers in the retained or saved jobs to top it off, the st. louis fed also found that most of the benefits did not go to the lower end workers who needed the money the most rather to the owners of the

. >>> new at 6:00, a san jose man accused of getting millions of dollars in fake ppp loans pleaded guilty to federal fraud charges today. the department of justice says lebnitz tran submitted 27 fake ppp applications meant for small businesses hurt financially by the pandemic. prosecutors say tran used the money to go out to restaurant, shop, buy crypto and even a tesla. tran will be sentenced in november. he faces up to 20 years in prison for each count of fraud. >>> three suspects are accused of robbing a 7-eleven store in san jose and shooting an employee. police released this surveillance video. this happened on south winchester boulevard near williams road in march. police say the suspects tried to buy alcohol without an id and they were turned away. later they returned and one of them fired a gun, nearly missing a worker. the suspects are still at large. >>> we now know the name of the person killed in that boat collision near angel island yesterday. the san francisco medical examiner says it was 65-year-old michael wells from contra costa county. he died from injuries after his boa

and 2020 ppp program. if you don't remember, here is the numbers.at all-in, 11.5 million loans, $793 billion borrowed and only $714 billion forgiven this is old news, right? much of that money was likely wasted they did say while it did help save some jobs the cost was high and the program was not well targeted the st. louis fed suggested only 25% of the nearly $800 billion went to johnsbs that would have gone away anyway against an average income of $58,000. the paper found that most of the money went to the business owners, suppliers and banks and not to the rank and file workers. in fact, the study looked at incomes of business owners and bank edxecs and found out that 70% was captured by incomes with the top 20%. there are searchable databases on every small business that participated many industries that ultimately boomed during the pandemic, car sales, real estate agents, fast food owners, they got big government payouts with almost none being paid back it's actually not their fault. not blaming the business the government effectively making t

we had some capital set aside that floated us until we were able to get the ppp loans.teachers, a lot of our staff took a voluntary leave of absence because of health issues, and they were not comfortable working in person. laura: lesia hopes to be fully staffed again soon, but finding staffed again soon, but finding qualified workers is tough with her financial constraints. lesia's employees make between $13 and $14 an hour, which is above the state's minimum wage of $7.25. but to keep employee pay and other costs where they are, families pay about $170 per week, per child, which is barely keeping funtime operating. lesia: when taco bell is starting you off at $15 an hour -- i can't do that. without increasing tuition on our families, and our families are not in a position to pay more for childcare. laura: across the u.s., not employees more money makes hiring difficult. and that's a major issue, according to dr. lynette fraga, the ceo of child care aware of america. dr. fraga: even before the pandemic, we really did not have enough early care and education programs to

i think that the west will definitely dare to provide us with these ppp systems. that is, we are also talking about these american-norwegian -developed systems. that is, at least we have begun to close them . our main cities, that is, our main territories , but this process of providing an anti-aircraft missile defense system is complex, it is the most complex, the most technological system, even compared to the same heimers, with long-range guns, and it takes time to install and deploy this system, so we must prepare for that that in a few more months there will only be the installation of these air defense systems and not all at once. and it will be a process of gradual and gradual configuration. well, we have already shown that we can we know how to master different types of weapons, we have already managed to do so, and we are the only country, by the way, that in the mode of real actions was able to coordinate even different weapons systems on the battlefield, that is, different guns, different charges for them, that’s all in need of maintenance and so on, th

the fourth rammstein, will we be able to strengthen the shield over ourselves because the ukrainian pppits effectiveness and improving in mind between the two oleksandrs, you are sitting in desire yes , mr. taras, at the beginning of this large-scale invasion, evolution took place, unfortunately, it it happened slowly and even now, if we are talking about germany, you know, if the advisor of the current chancellor says, don't think about what and how quickly we give to ukraine, we give it to ukraine, but think about how to build relations with the russian federation after the war, then you can understand for yourself what the position of germany is for the position he takes in relation to these systems, an absolutely positive thing happened that we like more and more modern and long-range things, starting with the howitzer, then, hey, heimers, by the way, the highlight of this ramstein will be four the announcement of providing us with even more high-versions and also the corresponding missiles. i think that this psychological barrier is 80 km. it will be suppressed. i hope that ah. how

oops , the ppp complexes have appeared. and before that, from whom we did not expect berlin?l, yes. announced something like that. well, this is the implementation of the closure program over ukraine. you are the closure of the sky in the version in which it was said then. i really think that this means that it means that nato itself should deploy the air defense system of ukraine, and nato clearly says that it will protect its members, the ukrainian people at one time made other geopolitical choices there in the 90s, and we are now paying for this lack of understanding by our compatriots of the level of the threat, and again, i am not going to reproach everyone because they lived with russians in one country in the soviet union, for 90% of people who lived in ukraine until 1991, their homeland was not ukraine, the soviet union to demand from people that they understood so quickly what happened and that a new one will happen, it is very difficult to carry it here, as it were, in latvia it was not. well, unfortunately, we are paying such a high price for this, but it was obvio

no, come on , let me, but let me cry, didn’t hear about the raffle, pay through the ppp and win the main fact, a million rubles for the partners of the promotion and participate every day for pensioners 10% every day from 9 to 12:00 in the morning of the severity of edema. new venarusgel from the popular venotonic venarus we will answer all the questions of the baltic 7 non-alcoholic additives in the composition there is water all for me all russian barley from our fields of the black earth shallows from europe, but we strive for our own. discover our quality was tikhara. it was quiet seven, without alcohol responsible for the taste of more decal. translation is 15 million rubles. to the accounts of individuals without commission. open a business account at tinkov.ru and get individual conditions for your business. tinko. he is the only one in lotteries from stoloto win more than two and a half billion rubles every month among tickets purchased on the site and in the application we will draw apartment more tickets more chances. sugar tube from a pure line, please your and loved ones tast

yogi: sterling is at 1.21 or thereabouts, it is 15 or 16% undervalued on a ppp basis versus the dollarthe dollar looks like it will main strong for a time. is this bad for the u.k.? 60% of revenues from the u.s., if you look at the ftse 250 is a totally different narrative. the u.k. is in a bit of a mess economically and politically with everything that has been going on post-brexit, the u.k. is suspect -- sensitive. francine: if they don't have the right or to the left to try and gain more exports because of this pound weakness? yogi: i think they are just going with the flow. u.k. corporate is going with the flow and they are quite happy to see sterling at week levels. it benefits the revenue numbers. they are coming up from a very beaten up level. we have all the political issues around boris and some of the crazy things he has been up to. we have uncertainty around brexit and energy price concerns , and inflation that looks like it will peak around 11%. there are no rate hikes priced into the u.k. market the way they are in europe 12 months down the road and in the u.s., six to nin

ppp loans included. >> everybody looks for it. they are trying to hide a large gain in crypto by making small transactions. you are running $50 transactions. you're trying to avoid the capital gains tax. it's one event for the 500 event. the real idea is right here. we have a bunch of unknowing paperwork at the end of the year. >> with the cryptocurrency on cnbc's website, is it a lot? would you buy something with big one? that's the debate. the use case, the retail payments are using it that way. they are taking the damage so that they don't have to make it work. use it as a asset. >> if you are a long-term holder, it's ray here. you have crypto gains. thank you very much. we are getting started on the tuesday. we have more on that, with crypto pro, and with cnbc news, he says it's time to trade in some ski jackets for some shades. the winter is over. >>> they are writing ahead for what they expect tomorrow. we are happy to have him on later this much more. >>> we have a take on the wanting for stocks. where the american shopper

no, come on, i'm still, but let's pay, i haven't heard about the draw, pay through the ppp to win a millionyou, i was lucky that you were here by chance , i was waiting for you. what a guy. you came by yourself, i see people i don't see. t is worse guy, well, one very big man crossed the path, and he does not forgive the kidnapping of a person. until the end of fate, only you can change it tomorrow at 19:50 on ntv, a wonderful topic, an extra day of instruments book world. let's pick one topic. nikita remove any line. thanks stanislav instrument. book world stanislav a. extra day andrew abbreviations selected topic around the sport, dear players. make your bets, please, his motto is a challenge for those who dare and a dream for those who have remained relevant to this day. it no longer corresponds to its time. time and glass what did our players say? answer nikita paralympic movement well, why is it so, and the paralympic movement? of course not, that's the wrong answer. rate, 91 stanislav rally paris dakar correct answer stanislav please tell me why the name does not match, as far as i re

i'm actually quite hopeful that it would be an unprecedented marshall plan, probably bigger than the pppt, a private and public sector partnership where you would see a financial institution coming together with major private-sector investors and companies. because again, we are talking about tremendous construction material industry, machinery, insulation material, energy. it's literally almost a boundless investment opportunity. tom: and you touched on the need to ensure transparency around the way the funds are deployed, and the moves ukraine has made. we have seen reconstruction after natural disasters and wars, so this is an opportunity for individuals to take advantage of that funding. what does the government of ukraine need to do to ensure that there is transparency and that corruption will be curtailed and that these funds will not go where they are not meant to go? artem: the presentation that hopefully will be presented today is very explicit about that. it presents the steps on denting corruption that will have to be taken within weeks, not longer than that, in order to addre

we wanted to give ppp loans to small businesses. the banks got in the middle of that. spread at no risk with no fees and it was a big windfall for them. then the fed bought corporate bonds and enabled a lot of issuance of bonds and that was a great profit for the banks. once again, it worked out for them, whatever bailout or support that comes to anyone, they get a piece of it. tom: this question came up. i'm very big on this. not a monopoly but a very different thing. you are one of the world leaders on this. it is like a rubber plantation in singapore where the only place you have to sell your rubber is to one party. how is america now, and is that our capitalistic angst? anat: very much so. it is a matter of power, bargaining power and the law. if you look at the way we now allow mandatory arbitration to be enforceable for consumers and employees, noncompete agreements, they're all of these ways in which corporations have power over people who work for them whether they are employed or a gig workers or contract worker. lisa: you talked about the banks and how they a

we know ppp was a backstop in the absence of business interruption insurance, we saw fiscal stimulus and the trickiest act will be mopping it back up without destroying anything so we can come out on the other end approximating some sort of post-covid normal. >> inflation still an issue, though gas prices i'm very happy to say are going down again. inflation. how do you deal with inflation, steph? >> listen, inflation is still a problem and the only thing the government can really do is to try to slow the economy a bit and raise rates. remember, we are raising rates because the economy is strong. people get confused by that saying oh my gosh, the fed is raising rates. they're raising rates because they're doing so well and they're hiring. because the picture is so strong, though not easy, we can afford a bit more of a rate hike. the fed likes to keep inflation around 2% and we're above 8 at this point. >> what does it mean for mortgage prices? >> i think rates are going higher. you have seen a cooling in the market. you're seeing sellers coming out trying to cut prices 10, 20, 30, 40

no more ppp, no more stimulus, you know all of that's over with.e why we think the comps are going to get better any time this year. do you want to see a good auto charge put this one up. patty, don't let me down today azo. do you know what this is >> auto zone they're ve got the parts to keep your car running longer. >> scott, this is -- >> go ahead, quick. >> perfect storm for autos perfect storm for us because they're going to be building inventory as demand is completely dissipating. >> yeah, real quick. >> fur sior six quarters you ha sales running around 14, $14.5 million when demand was 17, $17.5 million. you made it up in the used car price. they're too high there are a lot of people still looking for new cars, looking to have good credit quality look what they said about auto loans as well. flies in the face of what you both just said. >> it's the same as the housing market. >> that's a great response. >> jim, you were on a roll with that with one negative comment on tesla. >> let's take a quick break. let's do it. that's the perfect way t

let me pay, pay through the ppp to win a million rubles. pay for purchases through the system of fasts from partners of the promotion and participate in the drawing of cash prizes every day summer season of freshness time for your beauty and cleanliness in the house with up to 45% discounts on wildberries, now buying gold is available to everyone. now gold, you can not only buy, but also win. install the application tinkov investments, invest in gold 1,000 rubles. and win a tinkoff gold bar, he is the only one. wait a minute, ah. well, well, well, well, how boys? well, they were sitting. you really are. everyone has their own truth. yes, don't touch it. you are stalin, we are your name. that's how they ran away, shouted for the motherland, and caught it somehow easier fools, so they yelled like everyone else. here he will return, we will find out whether he was yelling or not. this is not particularly nadia shoot. with stalin without stalin the dead will not rise the dead may not rise. and here are the living ones. many are now back. they were afraid of him. hiding somewhere waiting.

should get from the bigger administration, from the people that get the money, we didn't get sba or ppprt. what happened to the big foundation people that can support small businesses like me and other people. we have light bills over the top, paying $3000 on small business for light bill and what is happening? hello. who is helping and calling small businesses to say, we can help you with this expense. grants are for small businesses, as bodega, women in power, i call myself like that, i don't see people calling to offer anything. >> todd: it is almost like you are forgotten, that is sad, you took over this bodega for your american dream, it is hard for good hard working americans. >> no dream. before i let you go, i have to tell my people to remember small businesses, we need them to be able to support the community because the people that come to us are you in the morning and the college students. thank you for bringing me here. >> todd: it is all we have in the world, small business owners. is u.s. in recession or not? depending who you ask, we can find out in today's crucial gdp re

they managed to survive through covid thanks to ppp loans. now they are coming up short. >> we are saying that we are losing money instead of making money. that is including covid. it is getting harder and harder. reporter: they are not alone. over the fear of passing too much of the increasing passes on to their customers -- prices on to their customers, some small business owner said they are absorbing increases. this cream rate says the expenses of gone up by 30%. >> it is difficult to do that. how far you go? more. that would just balance it out. it doesn't put any more money in our pocket. add to that the latest gdp report showing a second straight quarter of decline. >> it is rare likely in a recession. reporter: while it may feel like we are in a recession, a director of financial planning says we are not there yet. he says what that means right now for the average consumer is that it is going to cost more to borrow money. as for inflation -- >> if you want to help inflation, do things because you think inflation is going to keep going

ppp, the extent of the stimulus. people felt lucky by christmas of 2020 to save the payroll.ffectively is backstopped by uncle sam. and there are people still counting the blessings for that and a tremendously different thing to mop up the tranches of cash and stimulus in there because while the economy is feeling weaker, people want to travel and eat out you still sense that there is a lot of dry powder in this economy. >> can we just make a last point? i get people on twitter coming after me on an economy story. both congresses that pushed money through in the pandemic to shore up the economy and keep people employed and the food on the table and republican congress that pushed through tax cuts. all of that has fueled this hyper economy that has been on fire and now we are feeling it on the backside. >> i think you could -- tom called it a head scratcher. the administration calling the economy unique. but to the point to look back at history saying when "a" happens we can do "b" and the result is "c" but we are in to a third phrase in unchartered territory. i don't want to

. -- ppp loans. >> for the first time in 10 years we are seeing we are losing money instead of making money. that is including covid now. it's just getting harder and harder. lena: and they are not alone. over the fear of passing too much of the increase in prices on to their customers, some small business owners tell me they are the ones absorbing the increases. fillmore creamery on fillmore said his expenses have gone up by 30%. >> it's difficult to do that. how far do you go for a cup of ice cream? i can't charge 30% more. and 30% more would only balance it out. it does not put any more money in our pocket. lena: add to that the latest gdp report showing a second straight quarter of decline. >> historically two quarters means we are in a recession. likely that committee might paint it as a recession. lena: while it may feel like we are in a recession, a director of financial planning says we are not there yet. he says what that means ritt' s to costore to borrow money.as for inf >> if you want to help bthing you can do is things because you think inflation will keep going up. if yo

have shared them repeatedly with reporters such as yourself to call on the government to step in with ppp or some kind of way to help us relocate the assets, relocate the equipment and the expertise so that we can be of service in some of the places where abortion is protected. >> we talked about the status of your clinics when we brought you in, amy. some of the clinics in texas are open and in the process of relocating to new mexico. can you help us understand what is the status of the clinics and the status of the move? >> sure. we have four clinics in the state of texas and our clinics have been forced to cease abortion provision. we can no longer provide abortion anywhere in the state of texas. in fact, nobody can. abortion has been completely stopped in the state of texas. our clinics are open because we are providing follow-up care for the people we helped with abortions earlier this month and we're packing up our equipment and we are securing the patient records, et cetera and wrapping up operations in texas and we are moving to new mexico and we are also focused on our clinics th

let me pay, pay through the ppp to win a million rubles.or purchases through the system of fast payments from partners of promotions and participate in the drawing of cash prizes every day. i'm ready. my ex is calling, partner. listen, let's get to work. by the way, he's just jealous. and that's why i'm going to go through a medical examination first, the probability of beating cancer at an early stage is 90%. for big plans, a small examination is needed. make sure you're healthy venarus the right choice for millions of women with severe swelling and pain in the legs. special flavonoids in the composition of the drug help reduce the symptoms of varicose veins venarus veins in the normal legs in the form of a novelty venarusgel from the popular wine tonic venarus glyanka galustyan again buys something for his wife in citylink. and by the way, i heard that all these minks can be ordered on the website or in the application and pick up the purchase immediately in the store. but how do you know all this ? i met the director's dog citylink , eve

is yes it's kind of amazing to me, and we also saw this with these government stimulus programs like pppean there are a lot of people out there who the moment the government is offering money, the machinations their minds must go through to think about how to grab this money so given the significant subsidies that have been available for renewable projects, yeah, i mean there's -- i think there's a lot of -- there's a lot of grifting there. there's a lot of grifting the government out of tax -- out of tax credits, and there's grifting investors as well, because there's been -- there's this robo bid for esg. everyone wants to pat themselves on the back through saving the planet for their investments and they have got this money that must flow into esg there are people that are bad actors and other management teams out there that are bad actors that are capitalizing on this besides hasi. so yeah, unfortunately -- and we've seen this in the vehicle space, right we reported on a company called xl fleet, that's supposed to be electric vehicles and that has blown up lordstown motors was greatl

uh, ppp, and uh, szpk, which is enough more serious investments of investors who are present there, thatr, will now retain their effects, and for another 2 years. andrey viktorovich another important topic is the gasification of russian regions. and among the priority tasks voiced, and the phased completion of gasification until 2030 is free of charge for citizens to introduce gas to the site. what was said repeatedly, how successfully go. now work in these areas in which regions gasification, eh? the most active over the past two years, probably due to our work. we were able to connect each subject directly with gazprom and the government and connect it all , you know, into a single tangle. we are now talking about about a million 200 houses, which should now be connected, about 900 applications have already been received. we think that in the near future most of them will already be connected. this is the twenty second the beginning of the 23rd year there, because what is the next question is bringing from the fence to the house, direct connection . this is how much money this connecti

business committee in the house, one of the things we have talked about is kind of the tail end of the pppust how it did save some of these small businesses, but now the transition has been painful. and the one sector i think that's being ignored is light manufacturing. if you think about the goods and services angle, and whether or not those products are going to be able to flow into these small businesses, at any type of rate that they need, a lot of this was based on on-time delivery and some of the stuff that manufacturing has been doing for years. that's all been derailed. so for us to come back any time quickly, it's going to be difficult. >> charles: yeah. we're already seeing the numbers, and it is really ugly and disspiriting considering that small businesses are the backbone of this country. congressman, thank you very much. appreciate it. >> thanks, charles. thank. >> charles: i want to bring in deneen borelli. let me get your reaction to president biden now being in saudi arabia today. you know, a lot of stuff happening off camera, but, you know, we know there was a fist bump.

. -- relief during covid under the tpp --ppp program. community banks work with their traditional customers and i was proud of the fact that chairman and other senators and groups, we worked with the trump administration and got $12 billion to have access to capital. one of the things i worked with was a proposal. it is the lift act, which addresses the racial wealth cap. one approach is to look at first-time buyers, that definition would drive about 60% people of color because they don't have the same level of home ownership as other communities do. there are lots of white families that don't have any homeownership and anything -- it's as if you qualify with a traditional 30 year mortgage -- we don't want to put people into homes that they cannot afford, if you qualify for that traditional 30 year mortgage, and meeting certain criteria's, we would provide a 20 year mortgage rather than a 30 year mortgage and we call this the lift act and it will directly address the racial wealth gap issue and put points on the board for a lot of famili

. >> and hopefully a ppp something very good. a lot of people, they have dreams. and if they sell a winning lottery ticket, they get a cut is, well, it's good to dream. our office pool is growing hopefully by 9 o'clock. we'll have enough to buy some lottery tickets. james john laurie dann, all the games. so hopefully tomorrow will be a spelling skeleton crew on kron. a lot of people showing up in the doughnuts and working on some dreams. back to you guys. >> butler name is going to be jenkins. you're all getting butler. yes tonight. okay. thank you. we'll all be here working tomorrow morning. see you then. we're going to take a quick break here at 7.10. good luck tonight. you're going to play. still ahead, we'll have the latest on the back and forth. >> in the federal government about covid boosters and when people under 50 we'll look finally be allowed to get him. and today is set to be actually pretty cool. one for most of the bay area. we've got 60's right along the coastline. some 70's along the bay shore. >> and even though warm inland with some upper 80's to

this specific issue at the border providing that expertise to the border communitiesar and your own pppdealing with this on the border thank you mr. chairman said thank youhr ranking member portman you are recognized for your questions. >> i had a chance to say hello to the witnesses before the hearing began but we are delighted you are grateful for your service grateful that you are here today have you ever met the former governor or former attorney general of montana? he spells and almost exactly the same way. one of you is wrong. [laughter] will come back to that on another day. inin your testimony you state weapons for mass destruction was established to consolidate the department of homeland security efforts to encounter threats from biological chemical and nuclear weapons and youte also stated to bring together the expertise with a distinct homeland security department into one single office. and how those weapons of mass destruction has streamlined what was previously a fragmented approach to chemical biological and those threats? and what needsce improvement. three questions all

as a country that could undermine american primacy and is already undermining china's world's first pppecond, the united states. they believe that it is china that can form a different world order, yes, at least on a regional scale as a maximum on a global scale, where it is no longer the united states that will determine the rules, institutions, norms and events and that’s just about this clash of world orders and that both russia and china is challenging the world order that the united states is promoting and that the point is not in ukraine, but precisely in this fundamental systemic clash of world orders. yesterday, said united states secretary of state tony blinkin, look, russia is challenging the existing world order, if russia is allowed to do so. we will return to a world where the rule of the strong prevails and big countries can intimidate small ones - this is the opposite of a rules-based order. china, in turn, challenges world order, acting increasingly aggressively in the region and tightening repression at home. i think what china really wants is for an international order

great job in the future but frankly i'm very proud of what our team did in the pandemic whether it was ppp, distribution of other benefits, waiving hundreds of millions of dollars of fees so people could get their stimulus payment without having to pay their outstanding overdraft fees we've changed our overdraft posture more favorably to the consumer to the point it's pretty modest in terms of what we do. it's nice to have those things behind us. >> you're giving a lot of credit to your managers and your team, brian. final question, just listening to you, you're a good snapshot of the u.s., right huge reach on the consumer you mentioned housing. is the market -- are investors too, do you think, worried are they freaking out too much about a recession? listening to you talk about the consumer, it doesn't feel like we're on the brink of anything dramatic as far as a downturn. >> what i always say is we worry about everything we worry about all the parade of horrible that can come from china slowing down to europe having a problem because of the russia/ukraine war to the pandemic resurging we

we saw disproportionate relief during covid for example under the ppp program black owned businesses rather than women owned businesses because community banks work with their traditional customers but a very proud of the fact that chairman and senator crapo in big parties bipartisan we worked with actually trump administration. on issues of access to capitol. one of the things i have worked on with set her off soft and can senator senator ben holland was a proposal that i would like the panel to comment on. which says if we are going to rejoice racial wealth gap in a fair way, one approach would be to look at first generation, first-time homebuyers. this should be available to anyone, that definition would drive about 60% people of color because they do not have the same level of homeownership as majority communities do print although in many rural communities there's lots of white families that do not have any history of homeownership. and it would say that if you qualify for traditional 30 year mortgage and we are supportive of down payment assistance what we do not want to just p

this, during the pandemic there was no financial institution that was more dedicated to getting the ppp loans out to small businesses in alaska than first national bank of alaska betsy lawer. they did an incredible job. she helps people in our state realize their hopes and dreams and for betsy it all comes down to having a deep understanding and caring for the community, the many communities that they serve. you can't automate those relationships, she said. so i want to thank betsy, the cuddy family. congratulate the first national bank of alaska on a hundred years of service to our great state. what an amazing record and i want to congratulate betsy on perhaps one of her most prestigious awards ever, being alaskan of the week. madam president, i ask that my following comments be set aside in a different portion of the congressional record. the presiding officer: without objection. mr. sullivan: madam president, we have been discussing in the senate floor the usica bill, the american competes bill, the bill that's supposed to focus on our ability to outcompete the chinese communist econ

benefits or ppp loans or passport or whatever it might be, we don't ask you are you democrat, republican, libertarian. we just go to work free. we know how to do that. that is the attitude we should try to bring, but that is the attitude we must bring to the impeachment process which is why i was so thrilled with the performance of seven republicans and 50 democrats in the impeachment trial of donald trump in the senate in february of 2021. and why i was so disappointed in 43 of them. those people were acting on to both. one an oath to open hold and defend the constitution of the united states against all enemies foreign and domestic, and another specific oath as jurors in the trial to render impartial justice. what does impartial mean if not not partisan? to render justice according to the fact and the law. what we need is constitutional patriotism, and everyone should rise above lyrical parties when the constitution calls upon us to do that. >> you heard me say erudite and scholarly i left out passionate. [applause] >> this is a cle, there will not be an exam. congressman's counsel. yo

worried and i felt that with the president was doing early on with covid that the surgeon supplies the ppp the ppe the gowns the masks the covering 100% of the cost for testing and then treatment for uninsured americans the supply 95 million meals to school children who rely upon them, but we're in school to receive them. i mean so many great things that your viewers are going to hear about this first time from me not standing up and saying that and doing that and sticking with it and i think too many people at covid on an egg timer. okay, we're done with that now, you know the virus a way of persisting but i think donald trump, you know. developing therapeutics and vaccines and record time is one of his greatest accomplishments along without taking with taking out soleimani and maybe i should have spoken up a little bit more about i think that behind the scenes friction, you know, i don't like to be the whiny woman like, oh they don't have me in this mean or oh they're ignoring this great work stream that somebody has put together not me. somebody else is put together over a series of mon

government, that's not our money, it is money we lost they have abandoned, they don't know where the pppnd they don't stand up for conservative value set, trump set the tone about what the values were for the conservative movement and once again the republicans by their passive aggressiveness, by doing nothing are allowing this disaster to proceed. stuart: republicans who voted for this chip bill were defending their own interests in their own states because a lot of the money will go to those states and in the next election cycle they can't afford to have their opponents say they voted against money for the state or that state, didn't bring home the bacon, that is what would be said so they cave and we have spending around our next. >> it is about jobs and pork for my own state and my constituents, what do they think the recession is doing, there's still no baby formula on the shelves, nobody talks about that, that problem has not been resolved. so many problems will arise can we don't know what north korea is going to do or taiwan or what the next biden disaster will be and there will

program was implemented quickly and -- and that it was not well are targeted only one quarter of the ppprkers, screwing over small businesses, hardworking men maria: i think you nailed that so long ago, you said that was happening and now we have the evidence. go ahead, alex. alex: yeah, maria, look, let's not forget the regulatory cost administration imposing on the community bank. maria: we have to jump. thank you so much, dagen mcdowell, alex sÁnchez, steve moore, cheryl casone, have a great day, everybody. varney & company begins right now, stu, take it away. stuart: i don't know whether you can pack any more people on the screen, maria, but you're doing a good job of it. maria: we try. stuart: good morning, everyone. serious stuff. japan is in a state of shock this morning. former prime minister shinzo abe shot and killed earlier today. he was giving a campaign speech for the upcoming elections when a man walked up behind him and shot him with a homemade gun. this is most unusual in japan and the country is stunned. former pre

i mean -- it is that double-edged sword because people that got the ppp money, the erc money, that putd in the past year. all the little things. the power has gone up a lot. it is harder and harder to stay in business, and we have a government that has no idea what it is doing. >> steve: i think that is an understatement. [laughter] man, oh, man, rick thank you for joining us live. good luck filming some specials this summer and we will look for them on tvs everywhere coming up soon, thank you, sir. >> all right, bye-bye. >> steve: was a pleasure. speaking of tv judge jeanine is up here to live. come on out, the next contestant on "fox & friends." ♪ ♪ listen, i'm done settling. because this is my secret. i put it on once, no more touch ups! secret had ph balancing minerals; and it helps eliminate odor, instead of just masking it. so pull it in close. secret works. ♪ ♪ >> steve: all right, a bodega worker in new york city charged with murder in a clear case of self-defense. he was simply trying to stop a violent attack. according to new video shared by "the new york post." >> brian: now

isn't that what the ppp lawns were for?aller: my husband and i had a small business so our business was not able to apply for anything at all through the government and our family just by selling yard sale items was able to keep our utilities paid. they put us on a 12 month payment plan to keep the business open. the doors were open to construction but there were no other travelers moving around to gamble or even funerals or weddings. that cap the phones from ringing and the doors from opening for tourism. if we could call someone and say hey, they want to shut off our electric can we keep it on? does our door have to close because people are traveling. i know that being in the tourism industry everything revolves around spending and our area in the northern panhandle of virginia was affected when the legislature borrowed money all in one lump-sum and they only trickle it back. the horsemen that were coming to this area, i could have eight trucks for lodging at any given time in a week. once they borrowed that money and the