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The Walt Disney Company announced Wednesday that it is pledging $5 million dollars to groups that advocate for social justice. The company is kicking things off by donating $2 million to the NAACP.

“The killing of George Floyd has forced our nation to once again confront the long history of injustice that black people in America have suffered, and it is critical that we stand together, speak out and do everything in our power to ensure that acts of racism and violence are never tolerated,” said Bob Chapek, CEO of Disney. “This $5 million pledge will continue to support the efforts of nonprofit organizations such as the NAACP that have worked tirelessly to ensure equality and justice.”
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Disney Pledges $5 Million to Social Justice Causes – Variety

A prominent GOP House lawmaker on Monday introduced legislation to create a "return to work bonus," an idea gaining traction among Republicans concerned about the $600-per-week boost to unemployment benefits enacted in March amid the coronavirus pandemic.

Under the bill from Rep. Kevin Brady (Texas), the top Republican on the House Ways and Means Committee, people who had been receiving unemployment benefits and return to work would be able to receive up to two weekly payments of $600, or one lump-sum payment of $1,200. ...
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House Republican offers bill to create 'return to work bonus' | TheHill

The administration says the additional money would allow the state to react swiftly to a fast-changing and little-understood threat.
California lawmakers deliver their harshest criticism of Newsom yet

It’s a no-win situation for the Fed. The End Game Cometh...
💥Is The Fed Walking Into A Trap? | Zero Hedge

On Friday, HKD 3- 12-month forward points surged above 200 and 785, respectively, the latter soaring by a record 300bps, showing that the supply of cash in the foreign-exchange market is expected to collapse.
💥FX Traders Brace For Crisis As Hong Kong Dollar Forwards Explode To Record Highs | Zero Hedge

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

The Senate is now expected to give small businesses more time to spend their loans.
Gardner brawls with Hickenlooper over threat to block recess - POLITICO

Welcome to The Hill’s Campaign Report, your daily rundown on all the latest news in the 2020 presidential, Senate and House races. Did someone forward this to you?
The Hill's Campaign Report: Democrats slam Trump for threatening to hold Michigan funds | TheHill

The Dow closed 911 points higher and Moderna's stock surged 20%.
Stocks Soar on Moderna Vaccine Optimism: What Wall Street’s Saying

France and Germany proposed on Monday a 500 billion euro ($543 billion) Recovery Fund that would offer grants to European Union regions and sectors hit hardest by the coronavirus pandemic, pushing up the euro and bringing down Italian bond yields.

The Treasury Department has yet to disburse any of the $46 billion Congress allocated for airlines, according to a congressional oversight report release
Treasury has not disbursed $46B in airline support: oversight panel | TheHill

The $3 trillion coronavirus relief package passed by the House on Friday and the “unmasking” of former national security advisor Michael Flynn are set to dominate the Sunday morning show circuit this weekend.
Sunday shows preview: Congress spars over next round of coronavirus relief; GOP seeks offensive after news of Flynn 'unmasking' | TheHill

House Democrats on Friday passed their latest coronavirus stimulus package — a massive $3 trillion bill with $1 trillion for state and local governments, hundreds of billions of dollars for medical equipment and testing, an expansion of unemployment benefits, and another round of direct cash payments for struggling Americans.
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The 14 Democrats who broke with their party on coronavirus relief vote | TheHill

U.S. House Speaker Nancy Pelosi said on Sunday there will be negotiations on the new $3 trillion coronavirus relief legislation passed by the Democratic-controlled House of Representatives and that Democrats have "no red lines."

The House on Friday evening defeated a Republican effort to prevent undocumented immigrants from retroactively receiving stimulus payments amid the coronavirus pandemic.
House defeats effort to prevent stimulus checks for undocumented immigrants | TheHill

A Lebanese judicial official says a top central bank manager has been detained for questioning over the country’s financial crisis, which has included the national currency's free fall
Lebanon central bank official detained over currency probe - ABC News

Various U.S. government agencies have paid properties owned by President Trump at least $970,000 for room rentals throughout Trump's first term, The Washington Post reported Thursday.

The Post said that the payments included more than 1,600 nightly room rentals at Trump's hotels and clubs. According to the paper, the rooms were for staffers and Secret Service agents that accompanied the president on his travels, not for Trump and his family.
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Trump company has received nearly $1 million from taxpayers for hotel rooms: report | TheHill

The tax-related provisions in House Democrats' proposed coronavirus relief bill would reduce federal revenue by a net of $883 billion from fiscal years 2020 to 2030, Congress's tax scorekeeper said in an analysis released Friday.
Tax provisions in House Democrats' bill would cost $883 billion: analysis | TheHill

 At least two progressive House Democrats have announced plans to vote against the $3 trillion coronavirus relief package their party will bring forward for a vote Friday.

Rep. Pramila Jayapal (D-Wash.) said in a statement Friday that she will be voting "no" on the bill because, among other things, the legislation does not guarantee “affordable and accessible health care for everyone,” guarantee enough forgivable loans to minority-owned small businesses and doesn’t safeguard pensions.
Progressives to buck party by voting against $3T coronavirus relief bill | TheHill

Immigrants were largely overlooked in the US’s coronavirus response. The latest relief bill aims to fix that.
How the Heroes Act would help immigrants impacted by coronavirus - Vox


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