The Brian Kroneberger Financial Hour - April 4, 2020
In the upcoming edition of The Brian Kroneberger Financial Hour, Brian gives a brief update on the markets and provides an overview of the CARES Act. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. As the largest relief package in U.S. history, the package extends aid to many struggling Americans and businesses. Brian discusses highlights from the act, including: direct payments, expanded unemployment insurance, loans for both small and large businesses, waiver of 2020 required minimum distributions (RMDs), delayed IRS filing and payment deadlines, and penalty-free retirement plan and IRA withdrawals. The CARES Act also modifies various health care mandates and expands Medicare's ability to cover treatment and services for those affected by the virus. Brian examines the market reaction to the aid package and explains what impact it could have on the markets going forward. Market Maps: April 2020.
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