A contrast in interviews between the obtuse Jake Tapper and Maria Bartiromo discussing the Trump administration efforts to reopen the economy.  While Bartiromo still leans toward policy initiatives to bail out her Wall Street allies, the doomsayers who never focus on solutions. The previous economic package is working and delivering positive results.

As White House economist Kevin Hassett noted yesterday, any phase-4 relief package would be very specifically targeted -as tax incentives, not spending- toward only those companies and industries that are negatively impacted during earnest efforts to reestablish their footing.

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The American electorate are wide-eyed and well aware of how President Obama and Vice-President Biden were co-enablers to Chinese duplicity on a wide range of aspects including theft of U.S. intellectual property, economic espionage and exfiltration of U.S. wealth.

Against that backdrop; and understanding the political risk inherent within the policy of the former administration; ABC News’ George Stephopoulos enters with his rehearsed narrative to cloud the truth.  However, White House China-hawk and policy advisor Peter Navarro easily and righteously smacks down the Biden/Obama political defenses fabricated by a combative Stephanopoulos with the atomic sledgehammer of truth.

When Stephanopoulos tries to use the Rick Bright whistle-blower narrative; Navarro squished Stephanopoulos into a puddle of political mush…

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Treasury Secretary Steven Mnuchin appears for a wide-ranging interview with Maria Bartiromo. Topics include international travel, the Paycheck Protection Program progress, small business relief, and overall rebuilding of the U.S. economy amid COVID-19 mitigation.

The first few minutes of the interview are weird because Bartiromo doesn’t seem to recognize the PPP program is essentially a grant to small business to keep their employees on payroll. Ms. Bartiromo appears to want the PPP grants to be shifted to free money to replace business revenue, and she’s pushing hard for her Wall St buddies.

Secretary Mnuchin tries to remind Bartiromo that businesses can apply for bridge loans, but the PPP is actually a grant. Bartiromo argues that all businesses should have free money bailouts to replace revenues; an impossible suggestion.

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White House Advisor to the President Kevin Hassett discusses the importance of using May to get as many states open as possible.  The President has asked for data daily to measure the amount of the economy that is reopening.  As the economy opens there’s less need for a ‘phase-4’ relief/bailout bill.

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National Economic Council Director Larry Kudlow appears on CNBC to answer growing questions about whether there is a White House plan to punish China.  Kudlow is careful to tamp down any specific reports, while affirming there will be retaliatory measures.

Additionally, Director Kudlow discusses the status of the economy, the current claims under the Payroll Protection Program, and what efforts might yet come.

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Amid another troubling week for initial unemployment claims showing 3.8 million workers filing for financial assistance President Trump’s Senior Economic Advisor Kevin Hassett appears on Fox News to discuss the status of the economic shut-down.

Hassett notes his current estimate for total workforce unemployment around 19 percent. Additionally, Hassett outlines how the economic data lags the economic activity, so there is much more bad news to come.   That said, with massive influx of federal spending to fill the gap, the White House has now shifted focus toward how best to reignite the economy.

Kevin Hassett has a forward outlook of optimism and notes there is pent-up demand which can re-launch the economy. The economy was so strong prior to the shutdown it is possible to look forward and remain optimistic.

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Earlier today President Trump hosted New Jersey Governor Phil Murphy in the Oval Office to discuss the latest COVID-19 mitigation efforts.  President Trump and Governor Murphy take questions from the press pool:

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The Department of Labor released their weekly report showing first-time filings for unemployment insurance hit 3.84 million last week. Though the worst appears to be in the past, the total number of claims in the past six weeks now exceeds 30 million.

The surge in unemployment claims is an outcome of decisions to shut-down the U.S. economy to control the coronavirus spread. Some states and local regions have recently started to bring their respective economies back online; however, most of the key U.S. infrastructure remains on lockdown.

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President Trump participates in a roundtable discussion with various industry executives on the plan for reopening the American economy. Anticipated start time 4:00pm ET.

White House Livestream Link – Fox News Livestream – RSBN Livestream

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National Economic Council Director Larry Kudlow argues the worst of the coronavirus pandemic is over and the U.S. economy is getting ready to reopen. Kudlow outlines the scale of the current economic relief package how any further discussion should focus on policies to launch the economic recovery.

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Holy cow, Illinois is asking for a $40 billion bailout with $10 billion targeted to fund their pension liabilities?  These blue spenders are nuts.

Treasury Secretary Steven Mnuchin appears on Fox Business to discuss the ongoing financial programs intended to support U.S. workers and small business.  About mid-way through the interview Mnuchin sounds quite serious when he says anyone who falsely filed the borrowers certification on the PPP program will be held criminally liable. WATCH:

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