The danger was businesses losing customers (revenue/income), which these initial numbers confirm...but on the other hand these jobless folks (and the whole country)just took out a $6T loan, of which $5.75T is going to these businesses ($1.75 will not have to be paid back and $4T will be interest free loans, and likely in may cases these companies will actually have negative interest rates, in other words they will make money on borrowing these tax payer loans). These are the very same companies that will also avoid paying US taxes.
Public companies cut all their costs/expenses and are going to be given $5.75T...mainstreet can't buy on these lows (because they have no jobs/income, fear and lack of liquidity are a bad combination) and the companies are flush with cash to buy back stocks now before they get the real windfall from tax payers. In short, public companies will be spending today to buy their own stock.
Apparently...they are doing the buy backs now (like right now) while they are flush with cash/no expenses, main street can't invest, and before they get their bailout cash. Never mind the buy back prohibitions are being majorly overstated.
Public companies cut all their costs/expenses and are going to be given $5.75T...mainstreet can't buy on these lows (because they have no jobs/income, fear and lack of liquidity are a bad combination) and the companies are flush with cash to buy back stocks now before they get the real windfall from tax payers. In short, public companies will be spending today to buy their own stock.