Making Cents: How new round of COVID-19 closures will impact economy

CLOSED-DOOR CONFERENCE MEETING TODAY AND THEY COULD RELEASE THEIR PROPOSAL TOMORROW. BRIAN: OUR FINANCIAL EXPERT KELLY BROTHERS JOINS US NOW. WHAT IS THE LIKELIHOOD OF ANOTHER STIMULUS BILL? IF SO, WHEN? KELLY: I THINK THERE IS A HIGH LIKELIHOOD OF ANOTHER STIMULUS BILL. THE QUESTION IS HOW BIG AND WHEN? PROBABLY NOT UNTIL THE FIRST WEEK OR TWO OF AUGUST, WHICH MIGHT SEEM LIKE A LONG TIME FROM NOW, ESPECIALLY IF YOU ARE A SMALL BUSINESS OWNER. THEY ARE WORKING THROUGH A LOT OF ISSUES, INCLUDING THE ENHANCED UNEMPLOYMENT BENEFIT. IT I CURRENTLY $600 PER WEEK, REPUBLICANS WOULD LIKE TO CUT THAT BACK TO $100 OR $200, DEMOCRATS WOULD LIKE TO KEEP THAT THROUGH THE END OF THE YEAR. THEY ALSO HAVE P LOANS LIKELY TO COME BACK IN A TARGETED FORM. THERE IS ALSO THE QUESTION OF DO YOU SEND OUT STIMULUS CHECKS TO FAMILIES AGAIN? IT LOOKS LIKE WE WILL GET A BILL, THE QUESTION IS HOW BIG? IT WILL PROBABLY BE BETWEEN $1 TRILLION AND $1.5 TRILLION. EDIE: SWITCHING GEARS, A LOT OF FOLKS ARE ASKING AND HOPING WE WILL HAVE A COVID-19 VACCINE BY THE END OF THE YEAR. AS WE REPORTED, TO COMPANIES SAY IT IS POSSIBLE, WHICH IS WHY THE TRUMP ADMINISTRATION MADE A DEAL WITH THEM FOR UP TO 600 MILLION DOSES OF THE POTENTIAL VACCINE. THERE IS A LOT OF MONEY AT STAKE. HOW DOES THE GOVERNMENT PICK A WINNER OUT OF ALL THE COMPANIES MAKING VACCINES? KELLY: IT IS LIKELY THEY WILL PLACE BETS ON A NUMBER OF THESE VACCINES IN TH PIPELINE THAT WOULD BE THE SMART THING TO DO. THEY ARE TRYING TO RESERVE MANUFACTURING SPACE SO WHEN WE HAVE A VACCINE WE KNOW IS APPROVED AND WORKS, IT DOES NOT MATTER WHICH COMPANY MAKES IT AS LONG AS THEY CAN GET IT TO THE PEOPLE AS LONG AS THEY CAN. PFIZER WAS THE WINNER TODAY WITH A $2 BILLI CONTRACT TO PROVIDE DOSES OF THEIR VACCINE WHEN IT IS FINAL APPROVED TO BE GIVEN OUT TO THE MOST VULNERABLE OF AMERICANS AT NO COST TO THEM. I THINK YOU WILL SEE THE GOVERNMENT MAKE A FEW DIFFERENT BETS NOT KNOWING WHICH VACCINE GETS TO THE FINISH LINE FIRST. THEY WANT TO BE ABLE TO TAKE FU ADVANTAGE WHEN THAT HAPPY DAY HAPPENS. BRIAN: IT MAKES A LOT OF SENSE -- SPREAD IT OUT A LITTLE BIT. KELLY: ONCE YOU HAVE THE VACCINE, NOW YOU ARE TALKING ABOUT MANUFACTURING AND DISTRIBUTING HUNDREDS OF MILLIONS OF DOSES, NOT TO MENTION THE INTERNATIONAL DESIRE TO GET THAT VACCINE, AS WELL. TO THE EXTENT THAT THEY CAN RAMP THAT UP. JOHNSON & JOHNSON IS ALREADY MANUFACTURING BEFORE THEY HAVE APPROVAL. IT IS A HORSE RACE AND HOPEFULLY WE ARE ALL WINNERS IN THE END. EDIE: YOU LOOK AT THE IMPACT OF