S2E25: NYSE to Reopen and the FED Buys ETFs

In this episode Grant and Drew discuss the NYSE's partial reopen, the $48 billion in unemployment insurance last month, the potential of future legislative relief, possible tax increases, 1/4 of restaurants at risk of going out of business, Jerome Powell on contraction, the FED's purchase of ETFs and how the poorest U.S. households have been affected by the Corona virus.

WealthVest – based in Bozeman, MT, and San Francisco, CA – is a financial services marketing and distribution firm specializing in fixed and fixed index annuities from many high-quality insurance companies. WealthVest provides the tools, resources, practice management support, and products that financial professionals need to provide their clients a predictable retirement that has their best interest in mind.

Hosts: Drew Dokken, Grant Collins

Album Artwork: Sam Yarborough

Show Editing and Production: Sam Yarborough

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Sources:

FED Distribution of US Wealth

* https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/

https://www.peoplespolicyproject.org/2019/06/14/top-1-up-21-trillion-bottom-50-down-900-billion/

General Topics

https://www.cnbc.com/2020/05/14/new-york-stock-exchange-to-partially-reopen-may-26-with-vital-new-safety-measures-president-says.html

https://www.cnbc.com/2020/05/14/americans-got-48-billion-in-unemployment-benefits-in-april.html

https://www.cnbc.com/2020/05/14/coronavirus-updates-chuck-schumer-talks-house-relief-bill.html

https://grow.acorns.com/national-debt-vs-deficit/

https://www.bloomberg.com/news/articles/2020-05-14/one-quarter-of-american-restaurants-won-t-reopen-opentable-says?srnd=premium

https://www.cnbc.com/2020/05/17/powell-says-jobless-rate-could-top-30percent-but-he-doesnt-see-another-depression.html

https://www.cnbc.com/2020/05/14/nearly-40percent-of-the-poorest-households-hit-with-a-job-loss-during-pandemic-fed-study-shows.html

https://www.bloomberg.com/news/articles/2020-05-14/fed-buys-305-million-of-etfs-at-start-of-historic-program?srnd=premium

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