of the small business administration testified last week on capitol hill and talked about what the sba is doing, their goal during the pandemic. here is some of that testimony. >> through economic disaster loans and idle advances the agency has reached nearly dispersing $170 billion in assistance. loans are currentlying being processed in just five days with dispersements occurring in two days. i've made a concerted effort to personally speak to businesses left reeling by this pandemic and to financial institutions so that i can see for myself what is working and where improvements need to be made. one of the scores of businesses i visited was an african-american logistics management firm in dallas. sba loans provided him with a bridge, a financial bridge over the most tumultuous waters he's ever experienced. it helped him not only keep his employees on payroll but also hire new workers who receive comprehensive skills training and professional certifications. many small business owners use that term, bridge, to describe how sba loans provided them with time and the space needed to ret

and that's the difference the sba list makes.he difference everyone working in this movement has made in the lives of women and children all across this country. and i just really wanted to come by to say thank you and to urge you on. life is winning in america. i truly do believe, because of that compassion, that care and that love. there may have been those in 1973 that thought that this movement would some day fade out. but the american people cherish all of our god-given liberties. the american people cherish the right to life and we will stand in this movement until we restore the right to life, to the center of american law. i believe it. [applause] so from the white house to the courthouse, care centers, life is winning in america, but i-- it's winning in one other way that is worth remembering. i think life is winning hearts and minds in the rising generati generation. young people today are rightly seen by the tens of thousands on our national mall as a new pro-life generation and so they are. [applaus [applause] >> the

before the ppp program, there were not many sba lenders who operated in my community. after ppp was launched, it was not easy for additional lenders to get approval to make loans under the program. we have talked a lot about how hard it was for minority owned businesses to get credit in the early days of ppp, and in my community this is the reason why. ms. castillo, do you think the small minority owned lending institutions have built a better relationship with the small business administration through the ppp program, or has the implementation of the program added new hurdles? >> i think they have built a good relationship lately. i think -- when the program was -- [inaudible] -- but i think likely yes. >> encouraging. >> i can't hear -- >> this week the sba released data from two -- about those who access loans from the ppp program, unfortunately, the main revelation from this release is that the sba needs to do a better job of collecting data on this program. how can we act in congress and in our communities to encourage better data collection by the sba so that we

. >> reporter: we contacted the sba. the sba does not comment on pending litigation. some have argued names of smaller ppe loan recipients should be shielded for competitive reasons. but i would like to see data on how many minority businesses got loans and where they were located. an estimated $120 billion in ppe loan money is unspent. david louie, abc 7 news. >>> in santa clara county a grand jury has indicted four people connected to sheriff laurie smith for allegedly arranging political bribes in exchange for concealed gun permits. >> reporter: this afternoon an investigation into allegations of pay-to-play politics in santa clara county involving sheriff laurie smith's inner circle. district attorney jeff rosen announcing multiple charges in connection to a scandal over the long time sheriff's 2018 re-election bid. >> the mission of the district attorney's office is to vigorously pursue justice in a way that is fair and treats everyone equally under the law and with respect. >> reporter: named christopher shoom, michael nichols and captain james general son who o

great partners like dod, epa and sba, there are people in this that are supporting these efforts. whole of government response when it comes to this hurricane and any national disaster we may see in the future. taste -- a taste of some of the .esources we have building with governors, power and roof teams on the ground doing an assessment. communications teams, response , that may have lost communications and utility crews from all across the country. 10,000 crewmembers out there. they cantoration where and where it is safe. doing sheltering, national guard providing vehicles and i could about the team to respond to an recover from this disaster and any other that we may face. we have pictures to share with you from the field. administrator will help us go through this. we have been on the ground for six hours so far. it will probably take even tomorrow to see the size and scope and the impact. we wanted to share some pictures. >> one way we gather information before people are out on the social listening and identify photographs from social media to get tasks , ideas -- taskforce

paul: in june, the sba changed the applicion language.cation o asks about current felony charges and besides certain financial crimes about felony convictions, guilty pleas, and parole, or probation going back just one year. >> i don't knowca how the up with that to be the rule. i have no idea. obviously, they had no idea either so they changed it. paul:tr why the rtions in the first place? we asked and spokesperson declined to comment. for sharon richardson, the application change was vital. shreapplied and got her loan and has been cooking for essential workers, hospitals, and new residents ever since. he successfully reapplied. he has pivoted to sanitation against covid and his business is actually growing. dante thomas has tried everything. we ain't giving up. no excuses. paul: facebook and zoom training, selling team chisel >> i haven't even looked back into it. iscouraged me from filin every time you go back, you think you are getting second chance, but it is always what you are getting in the past. paul: it turned out he had no ide

the sba approved 5.2 million loans. have authorized more than $525 billion in potentially forgivable loans. cancarranza, believes the majory of americans sustained their jobs and the majority of the 9.25 million americans saw their jobs added back to the economy in may, june and july. connell. connell: got us this far. a lot of concern, edward, what comes next especially going into the fall. good reporting as always. edward lawrence. jackie. jackie: a path forward for students. more students reopening for in person learning across the united states. as cases spike like in florida we're live on the ground in the sunshine state next. >>> the escalating feud on the world stage. we have china's latest retaliatory move on the united states and what it could mean for our national security. >>> surviving celebratory setbacks. the champagne industry facing one of the worst years in its history. so are sales going to bounceback? we're live in chicago with the latest as a caricature artist, i appreciate what makes each person uni

chris: we have an sba loan we took out. lemonis: how much is that? chris: $390,000.st for this location? chris: yes. jess: i regret not knowing more about it beforehand. i agreed to open a second location when the idea was brought to me, but what i didn't know is that the location had already been chosen. lemonis: so, you did it on your own? chris: tony was involved with some of it, as well. jess: mm-hmm. lemonis: okay. and so why didn't you have a say in it? jess: i don't really know. lemonis: the fact that they didn't include jess -- it's just disrespectful. let me spend a minute with jess, just so i can understand this store a little better, okay? jess: yeah. mm-hmm. lemonis: what's going on here? jess: i found out when we were signing paperwork, and this guy says "i love the location," and i just looked at them, and i said, "we have a location?" said it was kind of in place, and i was just either gonna be on board or not on board -- these are my business partners. lemonis: you're on the team. jess: let's do it. i'm on the team, so that's fine. let's do it. lemoni

sba does not comment on pending litigation. some have argued names of smaller ppp recipients whb shielded for competitive reasons. i would like to see data on how many minority businesses got loans and where they were located. an estimated $120 billion in p.p.p. loan money is unexpect. david louie, abc7 news. >> a north bay couple is hoping to help the community spread joy, not coronavirus, by offering up their backyard to those looking for an event venue. abc7 news anchor don lemon visited the site in vallejo and asked the county about the safety of these kinds of gatherings. >> it's got a pool. it's my dream. why not fulfill my dream. >> reporter: given aaron and suzanne a's large family and group of friends, their home in the hidden brookevilleage set on a golf course in vallejo is perfect for their life-style. >> this is a party house, i'll say entertain house. we have that personality. we love to invite people over. >> reporter: which is why these medical professionals who own a home care agency want to share their backyar

people should be supporting restaurants now and not stealing from them, everybody's trying to get these sba loans, you know on and there's not enough to go around so yeah i think is really unfortunate cal didn't on says revenues are already down 30% because he's services have been reduced to take out orders hurts it hurts both restaurants have filed reports with the police department. >>in alameda. kron 4 news. >>the pandemic continue to cause a ripple effect on the economy that are grim numbers released by the department of labor today that show one 0.2 million americans filed for unemployment last week. it was a decrease from the prior week's one 0.4 million claims first time jobless claims hit their highest at 6.9 million in the final week of march, congress still looking for a compromise on a stimulus deal to help americans who are affected. for the last 30 days coronavirus cases surged in many parts of the u.s. health and human services secretary alex azar says americans let their guard down particularly over memorial day weekend. lawmakers and administration officials in washington ar

owned businesses, microloans, these are people that can't get those ppp loads, that couldn't get the sba loans, that are falling basically through the cracks, don't have commercial banking relationships, credit banking relationships and as a last resort need support. some of that is first loss support, more access, liquidity to capital, forgive the language, it might be a little confusing but the bottom line is tens of millions of dollars, it is over $100 million but $75 million new, that we put into this place and into this space to help our small businesses and provide access and opportunity. accordingly, we have also focus our efforts on supporting organic businesses, that preside or reside here in the state of california. we announced a number of weeks back, a program called safely making ca.org. safely making ca.org is a platform, i encourage you to take a look at it. it encourages you to support small businesses, medium businesses, manufacturers, here in the state of california. is a fact, we are still the largest manufacturing state in america. while manufacturing gets so much att

. >> reporter: short-term such as living expenses, long-term like sba loans. people who have been through it so you can't start soon enough. >> my wife had a list of stuff. >> reporter: the worst has happened for hundreds of households across the bay area who lost everything in lightning set fires, now facing questions and an uncertain future. >> we are trying to decide. i'm more afraid of the fire. >> reporter: no doubt it's overwhelming. >> this is step one in your journey. like many of you, i am a fire survivor. >> reporter: in a virtual town hall on recovery, a sonoma county supervisor who lost her home in the 2017 firestorm. >> know that sadly, tragically, we are a county that is very, very experienced at recovery. you're going to get through this. >> reporter: from the start, document everything. not just losses, but expenses and correspondence. united policyholders formed after the end firestorm 30 years ago and offers a roadmap to recovery program. >> the bottom line is, when it's safe to go back to your property you want to take pictures of debris. if

people should be supporting restaurants now and not stealing from them everybody's trying to get these sba loans, you know on and there's not enough to go around so yeah i think is really unfortunate hellbent on says revenues are already down 30% because he's services have been reduced to take out orders hurts it hurts both restaurants have filed reports with the police department in alameda police today all kron 4 news. now to the south bay where a mcdonald's restaurant has been the target of ongoing protests in connection with claims that the restaurant is not doing enough to keep workers safe from coronavirus. >>kron four's rob fladeboe brings us up to date on the story. he is live now from san jose good evening, rob. >>well justine all quiet here at this mcdonald this evening, but it was a different story during the lunch hour when the drive-thru here was blocked by a group of activists on behalf of a worker who says she lost her job because she spoke out about the lack of ppe here. let's take a look. >>about 2 dozen people from unions and social justice group staged a car caravan and

people should be supporting restaurants now and not stealing from them, everybody's trying to get these sba loans, you know on and there's not enough to go around so yeah i think is really unfortunate calvin taunts as revenues are already down 30% because he's services have been reduced to take out orders hurts it hurts both restaurants have filed reports with the police department in alameda police today all kron 4 news. >>let's go to the south bay now we're mcdonald's workers are pushing the fast food giant to offer more workplace safeguards against coronavirus kron four's rob fladeboe taking a closer look at that story. >>about 2 dozen people from unions and social justice group staged a car caravan and protest at this mcdonald's on north first street in san jose we're here to support workers who claim mcdonald's isn't doing enough to safeguard employees from the coronavirus alleging she was fired for speaking out was maria ruiz they said. >>and we're keen is a show workings but all days mall. >>we need pp and i mean that thing for me now are as bad now not being there at the right. >>jo

sba loans provided him with a bridge.heinancial bridge over most tumultuous waters he has experienced. it helped him not only keep employees on payroll, but higher new workers receive comprehensive skills training and certifications. many small business owners use to describeridge," how sba loans provided them with time and space to rethink, innovate and adapt for success. carranza head jovita testifying last week. our topic this first hour, the impact of coronavirus on small business. small business owners, (202) 748-8000. small business business employees or former employees, (202) 748-8001. for all others, (202) 748-8002. quick headline before we get to the headline from cnbc, "one third of small business owners have tapped personal funds to stay afloat." let's hear from veronica in tennessee. veronica in tennessee, you are on the air. ok, we will go to ted. cleveland, ohio. go ahead. caller: good morning. [indiscernible] it is an unconventional business. -- odd thing is cited [indiscernible] host: let me ask you, you'

the sba and super pac you meet women from all walks of life.ow do you persuade never trump's to consider voting for trump? ms. mcmahon: you have to continue to look at what he has accomplished. how much better did the economy get? how many jobs were created? as bigs not, believe me, a leap as it was at one time. everybody doesn't like the president's personality. even the first lady indicated last night that they are never -- you always know what the president is thinking, even sometimes when you might not like it. and i always look at what he has delivered. look at substance over style, sometimes. i have known him for a long, long time, and i wish that more people would get to know the other side of donald trump, one that is not seen so much. frances: he is known for his epithets and nicknames, many of them directed against women. nervous nancy, we know them all. do they hurt his prospects with suburban women in particular? ms. mcmahon: maybe some. there are a lot of people that did not like nicknames, or epithets, as you call them. but you kn

removal of the hearing sba affiliate.talked about the ebitda which excludes many companies particularly family-owned , businesses. distribution dividends restrictions for one year after loan payoff. employee compensation restrictions for one year after loan payoff. increasing the minimum loan size. look creating a great awareness , of the mslp and accessibility should result in a groundswell of applicants. we believe that. the effects should help companies retain jobs and maintain operations, and consequently preserve health care insurance for millions of americans in this increasingly unpredictable company tethered to covid-19. we stand to support you in any way you need and hope to answer any questions you may have today. thank you. mr. hill: thank you, mr. bohn. and we'll hear from mr. foster, you're recognized for five minutes. mr. foster: ok, can you hear me? mr. hill: we can. mr. foster: great. sorry about that. members of the commission, thank you for inviting me today to testify on the state of the federal reserve

the demographic application was voluntary because the sba said lending decisions can't be made basedn demographics so we don't have a full picture. something critics have seen railed against and want to see changed in the next wave of aid. hopefully shedding more like on this really important issue. >> absolutely. the resource allocation a key point. stay with us i want to bring in more, ron carson, the owner of cool action suits and the owner of the eateries here in the new york city area. also the founder and owner of the marketing and consulting group. gentlemen, thank you for joining us and kate, thank you for being here let's talk to you, first, ron. the notion whether you feel as an african-american business owner that you have been adversely affected relative to everybody else for what has happened since covid-19. >> good morning, dom my business, the cool action suit is a little bit different because we had an exiting infrastructure cool action suit started because of my long history in public service. i wanted to make a difference in the world and be the change i wanted to s

adjacentnter of six districts in the chicago area. 81,000 grants were approved even though only 19,000 -- the sbait was under pressure to move quickly. and new york could cut subway rail service if it doesn't get the aid it needs. it has been drowning in red ink since the markets -- that is your business flash update. romaine: time for smart charts with abigail doolittle. we look at timely topics. i am looking at the record highs on the stocks. incredible.lly joining us is the chief technical strategist at macro wrist advisors -- it is incredible, stocks going, going beyond belief of everyone. you think trend is our friend. >> i do. i believe the trend is our friend. so long as the broader markets hold on to their trend support of the 50 day moving averages, we need to give markets the benefit of the doubt. abigail: and what is below the 50 day moving average, do you think we could see a selloff for pullback? john: it is only about 5% pull off between here and the 50 day. that would be normal for a full bull market. if we stop working on 50, which it hasn't on underneath, if i remember quickly --

sophistication and there are businesses that are less sophisticated and probably are very familiar with the sbafirst place, much less ppp programs. we worked with community groups who have nexus into the communities that are underserved and the business communities and we shared what we knew about how to get an effective application through and get the loan approved with these groups. there aree i use is nonprofits that help people get their tax returns filed and get the refund checks. we use the same kind of infrastructure to get with the committee groups that are underserved and get those businesses with an advocate that can help them get into the system and get a loan. this is an interesting conversation, thank you very much indeed for bringing us your thoughts today. >> thank you. to: let's turn our attention one of the ipo's we have been watching, rocket company, the parent company of quicken loan 1.8 billionortgage, dollars in its initial public offering. the original aim was to raise around $3 billion. it begins trading today. the ceo.s now is thanks for your time. the ipo and the changi

democrats are holding this up, the president says he says he is ready to have treasury and sba send additional small businesses that have been hurt by the china virus he blames democrats for holding it up and says he's ready to send more money to state and local governments to save jobs for police, firefighters, first responders the president blaming democrats. a couple of points, one is the president saying he is ready to do that. it's not clear he has the legal authority to do any of those things with absent legislation and an agreement with members of congress up on capitol hill. congress controls the power of the purse. the president made is an entirely separate question the other point to make here is that democrats have said they are the ones who want to inject funding into local government, state and local governments across the country and they blame republicans on capitol hill for blocking that you've got some finger pointing going on in washington and also an interesting three-way dynamic now between senate republicans who have signals they are against increase spending for states an

french: i support the bill that marco rubio proposed, as well as moving over of the loan program for the sba would help our businesses small and medium-sized. the main street program is geared toward a nonpublic company, a company larger than the ppp small business area. right now those terms are very conventional, they look like a normal bank loan, and i don't think they meet the needs of certain distressed sectors like hospitality or retail. david: give us a sense of the negotiations. both sides say they are far apart. is this a part of the negotiating, or are we getting ideology here? we need practical, bipartisan solutions and we need to check ideology at the door. we were fairly constructive, narrowing the list of the dates they are having about this aid.e i think they should come to terms on an extension of ppp, flexibility for our state and local governments to spend the money. only 20% of the money has been sent out from the cares act. let's get an agreement on family support through the economic impact payments that president trump wants, and let's get a decision on an unemployment

the letter i sent this past week asked for hised ain, to make sba and fema funds available whether in a grant form or low-interest loan so that can help our small business owners and homeowners rebuild and start their lives again. >> so that's financial help, perfectly understandable. a lot of businesses impacted by this. what about help that the community has not asked for, that is outside vigilante groups like the one that we saw from illinois come in, kyle rittenhouse, ends up killing two people. trump has refused to explicitly condemn them. should he? >> i'll say what i would do, and what i have done. i think business owners have a right to defend their businesses as do homeowners. but i'll join the calls of many saying if you are coming to the city of kenosha with the hope of being a vigilante, don't come. we do not want you here and you will not be welcomed with open arms. >> you're saying that and many other local leaders have said that. because you know these groups, they listen to the president. they listen to his words very closely. should the president say that in simple te

these are people that cannot get those ppp loans and could not get the sba loans and they are falling through the cracks. they don't have commercial banking relationships. as a last resort, they need support. some of that is first loss support. more liquidity to capital. forgive the language. the bottom line is that tens of millions of dollars. 75 million and new dollars we put in to the space to help our small businesses and to provide access and opportunity for loans to reduce difficult times. accordingly, we have focused our efforts on supporting organic businesses that preside or reside in the state of california. we announced a program called safely making ca.org. it is a platform and i encourage you to take a look at it. it encourages you to support small businesses, medium businesses, manufacturers in the state of california. we are the largest manufacturing state in america. manufacturing get so much attention in other parts of this country, it deserves more attention in the state of california. we develop this program and see mta help desk conceive of this new platform. hundr

mayor breed, many small business owners have not even heard back from the sba jet o yet on their loans. do have you an update on the federal assistance program? i know this morning there was new funding added to that, but do you know anything beyond, or how the city can help advocate some of the small business owners who haven't even had a chance to -- >> mayor: yeah. and joaquin can provide some insight into that. his office is working on trying to get access to that. >> absolutely. that is one of the biggest questions for us, in terms of where is accessibility happening. almost immediately we were on the phone with financial institutions when we were getting questions across the city about what does this program look like? everything was rolling out so quickly, everyone was scrambling to understand -- even their own lenders, who they had a relationship with, would provide them guidance or even a response. what we're monitoring very closely now, both treasury sisnaros and the recorder, cameron chu, reached out to the financial institutions to ask, how are you communicating with your c

they have in a day because we're not putting on our business attire and then coming home and shifting sbaattire. they're all merging. >> do you see an increased demand, an increased hunger for not just comfy clothes but comfy clothes that look good and perform well that make us feel a little more put together? >> absolutely. and i think that has been some of the success of lululemon to date. you can u activities, be it through sweat or everyday on the move. >> meaning when we do go back to the office, it might be in something a little more comfortable. for "today," jo ling kent, los angeles. >> everyone can relate to that. i have to say, my sweat pant game is pretty strong these days, but that's part of working from home, is being barefoot in live shots. >> blazer on top, slippers on bottom is always a good look. >> all right, dylan, what are you wearing? >> let's be honest, i don't think i've ever not worn sweatpants when i'm working from home. the more clashing the better. it's not even planned. it's all about comfort. >> that's a killer pattern, dylan. >> there's the slippers, too, tha

david: linda mcmahon is chair of america first action and former administrator of the sba. a from the white house, we welcome white house report from ariel parker. of aresident is something showman at we have had a pardon and we have had five new citizens sworn in. is this like the last state of the union, when he gave up metals of freedom and got military families together? this is exactly in the president's wheelhouse. the president ain't fame largely on "the apprentice" tv show. wheelhouse,s production, surprises, showmanship is in his toolbox. that is what we saw today, similar to the state of union where we -- where he gave rush limbaugh, for example, the metal of edom, he pouted -- a mental he gave rush limbaugh the medal of freedom, he touted the test kiki airman. he obviously is quite a showman. have you heard anything on the president's reaction to the first night, and the fact that live television ratings were down and not what they were in 2016 and not matching what democrats got, making some of us speculate there might be something in the offing to raise those?

people should be supporting restaurants now and not stealing from them, everybody's trying to get these sba loans, you know and there's not enough to go around so yeah i think is really unfortunate hellbent on says revenues are already down 30% because he's services have been reduced to take out orders hurts it hurts both restaurants have filed reports with the police department in alameda police today all kron 4 news. >>people in sonoma county can face some hefty fines for violating covid-19 public health orders supervisors approved a code enforcement ordinance which allows for fines up to $10,000 for businesses and $100 fines for individuals that means if you're not practicing social distancing not wearing masks in gathering in groups of more than 12 people. authorities can now give you a citation officials say the ordinance takes effect immediately. >>the board of supervisors also approved the creation of a new county hotline that will allow the public to report infractions the public also can register complaints by sending e-mails contra costa napa marin and san mateo and santa cruz cou

the economic injury disaster loans on the sba website, they don't have a limit to size you can be.ry small. your state and local governments, in philadelphia where i live, there's a small business program that is it going on right now offering grants. a lot of stays and cities are doing that. some corporations are offering it as well, charles. so they're offering grant money. facebook, verizon, jpmorgan chase. i have a whole list of resources. if any of you watch having a very small business, looking for it, reach me out on twitter, @genemarks. i will be happy to zare that with you. charles: speaking of twitter, we actually had a tweet, one person says he is buying a business and he wants to make sure there are no outstanding ppp loans. i think that is a fantastic question. how does someone safeguard against that? >> it is really a very good question. listen if you're buying a business, part of your due diligence you're getting the financial statements and tax returns of the business that you are buying so, even if one has not been recently prepared you need to be asking for that.

and sba send additional ppe payments to small businesses that have been hurt by the china virus.ocrats are holding this up. so we're talking about those are two things directly involved. and really victim of the china virus. we're ready to send, democrats are holding up. i'm ready to send rental assistant payments to hard working americans hurt by the china virus. democrats are holding this up. i'm ready to send 105 billion to the states to help open schools safely with additional pppe and democrats are holding this up so that's 105 billion to the states to help open schools safely with additional ppe, democrats are holding that up. right? and i'm ready to send more money to states and local governments to save jobs. of our great police, our firefighters, our first responders and teachers. it's all ready to go. democrats are holding it up so they're holding all of that up. >> if they give you that -- sign off -- a they're giving it to the american people. >> you would agree to that? >> yeah. i would certainly do that, sure. i would do that. >> follow up on that. a quick question.

i am ready to have the ust and sba send additional ppp payments to small businesses that have been hurtchina virus. democrats are holding this up, so we're talking about those are two things directly involved and really victim of the china virus, we're ready to send democrats are holding up. i'm ready to send rental assistance payments to hardworking americans that have been hurt by the china virus. all of these things are on the list. democrats are holding this up. i'm ready to send 105 billion to the states to help open schools safely with additional pppe and democrats are holding this up, so that's 105 billion to the states to help open schools safely with additional ppe. democrats are holding that up, right? and i'm ready to send more money to states and local governments to save jobs of our great police, our firefighters. our first responders and teachers. it's all ready to go. democrats are holding it up. so they're holding, john, all of that up. >> so if they were to give you that, would you sign off on the money to the postal service? >> they're not giving it to me. they're givi

t and sba sent additional ppp payments to small businesses that have bn hurt by the china virus.rats are holding this up. we are talking about -- those are two things directly involved and really the victim of the china virus. we are ready to send, democrats are holding it. i'm ready to send rental assistance payments to hardworking americans who are being hurt by the china virus. all these things are on the list. democrats are holding this up. i'm ready to send $105 billion to the states to help open school safely with additional ppe, and democrats are holding this up. that's $105 billion to the states to help open school safely with additional ppe. democrats are holding that up. right? and i'm ready to send more money to states and local governments to save jobs of our great police, our firefighters, our first responders and teachers. it's all ready to go. democrats are holding it up. they are holding, john, all of that up. >> reporter: wouldn't you sign off on the money for the postal service? >> president trump: they aren't giving it to me, they're giving it to the american p

people should be supporting restaurants now and not stealing from them, everybody's trying to get these sbaoans, you know and there's not enough to go around so yeah i think is really unfortunate calvin taunts as revenues are already down 30% because he's services have been reduced to take out orders hurts it hurts both restaurants have filed reports with the police department in alameda police today all kron 4 news. >>well in the south bay, mcdonald's workers are pushing the fast food giant to offer more workplace safeguards against coronavirus kron four's rob fladeboe has more on the story. >>about 2 dozen people from unions and social justice group staged a car caravan and protest at this mcdonald's on north first street in san jose. they were here to support workers who claim mcdonald's isn't doing enough to safeguard employees from the coronavirus alleging she was fired for speaking out was maria ruiz they said. >>and we're keen is a show workings that all days mall. >>we need pp and i mean that thing for me now are as bad now not being there at the right. >>joining the demonstration a

in also have the sba step and say wirecard is entering a process to close its business in the country that they're working with wildcard through this process to ensure customers are treated fairly -- wirecard through this process and ensure customers are treated fairly. matt: that's a u.k. story. we're going to talk to the ceo of rails bank later in the program. what's the latest in terms of the german assets for where card? -- wirecard? sarah: they said deutsche bank committed a bid for some of wirecard's german assets. but the administrator, as i said earlier, is also not keen to sell the business. the chief has said the bid submitted for some of the assets was considered too low. so the offer from germany's largest lender to wirecard bank and some related companies was one of several. and we understand the nonbinding bids were well below 100 million euros, which is what the wirecard administrator sees as a minimum to proceed with a sale rather than in the quotation. -- rather than a liquidation. matt: interesting. the wirecard committee starts to hold discussions on the committee.

and sba send additional ppp payments to small businesses that have been hurt by the china virus democrats are holding this up. >> so the president there saying he's ready to do those things. the no indication that, of course, he has the authority to do those without congress. the president signalling here he wants some movement in the negotiations which have completely stalled out f you ask the democrats, they're pointing the finger at the republicans as well so there is a lot of finger pointing going on in washington. not a lot of negotiating going on in washington and speaking of not a lot of negotiating, reuters is reporting that those trade negotiations that were scheduled for saturday, tomorrow here in washington between the united states and china, those are on hold the reuters reports. no official confirmation of that from the white house just yet. but that indicates that that phase one talk that was set to happen may not happen as planned. still though, there is no expectation anything is going haywire with the phase one talks. both side have an incentive ahead of the u.s. electio

i think you know working with both the sba committee on the house and the senate side it's been a realipartisan effort for the ppp. it clearly had a very, very big impact and going forward we've decided to refine it so i think the appropriate thing is move forward, this time it's focused on people that have revenues that are down 30% so we put a real standard in there and we give them a second check. as you said we know a lot of restaurants that reopened if we don't give them more money they're going to end up closing and we are going to end up losing a lot of small businesses. >> 15 million people. >> the president would like us to move forward with it. >> i know you care parks in thely because you understand business and 15 million people should not lose their job because something that had nothing to do with either party or the state of the world past the pandemic let me ask you while i've got you, there is a bid, 80/20 bid, 08% private equity, 20% oracle to get tiktok. it's a real bid. it could come together today would you not favor that because there is no leverage over oracle by

i am ready to have the u.st and sba send ppp payments to small businesses that have been hurt by theirus. democrats are holding this up. so we are talking about those are two things directly involved and really victim of the china virus. we are ready to send, democrats are holding up, i'm ready to send rental assistance payments to hard-working americans that have been hurt by the china virus. all of these things are on the list. democrats are holding this up. i'm ready to send $105 billion to the states to help open schools safely with additional pppe and democrats are holding this up. so that's $105 billion to the states to help open schools safely with additional ppe. democrats are holding that up. right? i'm ready to send more money to states and local governments to save jobs of our great police, our firefighters, our first responders and teachers. it's all ready to go. democrats are holding it up. so they are holding all of that up. reporter: if they were to give you that, would you sign off on the money for the postal service? >> they are not giving it to me. they are giving t

when they sign that loan, they signed the agreement that that is going to be disclosed based on sba currentdures and policies so i think the american people have a right to know i'm all for transparency. >> transparency would be good. great to see you. >> have a great day. stay healthy. >> you too. >>> becky, coming up, a look at key economic indicators. the ceo of carvana viacom cbs beating expectations on the top and bottom line for the latest quarter that company highlighting rapid growth in streaming businesses and says it's successfully managing through the effects of the pandemic you can catch an excludsive interview with ceo bob bakish. "squawk box" will be right back. hey, kids! welcome to camp tonsafun on xfinity! it's summer camp, but in your living room. learn how to draw with a minions expert... how to build an indoor obstacle course! plus... whatever she's doing. and me, jade catta-preta. the host of e's the soup! camp tonsafun. it's like summer camp, but minus the poison ivy. unless you own poison ivy. in which case, why? just say "summer camp" into your xfinity voice remote t