>>>
>>> IT
>>> IT IS
>>> IT IS A:12 RIGHT NOW. TIME FOR TODAY'S EDITION OF
"BUSINESS BRIEF".
"BUSINESS BRIEF". THAT IS WHERE WE TALK ABOUT
BUSINESS TRENDS AND WAYS TO
HELP YOUR WALLET.
OUR BUSINESS ANALYST, RYAN
FRAZIER, DRESS AS NOW.
BRIAN, GOOD MORNING.
>> HEY, GARY.
GOOD MORNING, COLORADO.
I WANT TO JOIN SOME OF THE
OTHERS ACROSS OUR STATE AND
REMEMBERING ALL THE LIVES THAT
WERE LOST EIGHT YEARS AGO ON
7/20.
7/20.
7/20. HERE ON "THE BUSINESS BRIEF",
WE HIM TO EDUCATE AND INFORM
YOU ON WHAT IS GOING ON WITH
BUSINESS AND HOPEFULLY MAKING
MUSIC TO YOUR BENEFIT.
I WANT TO GET RIGHT TO BUSINESS
HERE AND START OFF WITH A TALK
I WOULD LIKE YOU TO TAKE A LOOK
AT WITH COLORADO DEPARTMENT OF
LABOR RELEASED OUR UNEMPLOYMENT
RATE ON FRIDAY.
COLORADO IS IN THE GREAT.
AT THE COUNTRY, U.S. IS IN THE
ORANGE.
ORANGE.
ORANGE. WE KNOW WE ARE ABOVE OUR COUNTRY
AT 11.1%.
AT 11.1%.
AT 11.1%. UNEMPLOYMENT.
UNEMPLOYMENT. WHILE WE ARE DOWN FROM APRIL
AND MAY HIGHS, WE ARE STILL
SEEING A VERY HIGH UNEMPLOYMENT
ACROSS THE COUNTRY AND HERE IN
COLORADO.
COLORADO.
COLORADO. ON A GOOD NOTE, THE NUMBER OF
INDIVIDUALS EMPLOYED IN
COLORADO INCREASED BY A LITTLE
OVER 80,000 IN JUNE.
MOST OF THOSE JOBS IN THE
SERVICES INDUSTRY.
SERVICES INDUSTRY. >>> NEXT, SOME TOP BUSINESS
NEWS.
NEWS.
NEWS. REUTERS REPORTS THAT THE U.S.
HOMEBUILDING INCREASED INSTANT
BY THE MOST IN NEARLY FOUR
YEARS AMID REPORTS OF RISING
DEMAND FOR HOUSING AND SUBURBS
AND RURAL AREAS AS THE COMPANY
ALLOWS EMPLOYEES TO WORK FROM
HOME DURING TO COVID-19
PANDEMIC.
PANDEMIC.
PANDEMIC. ROBERT KORVER THE COMMENTS AT
THE FEDERAL CREDIT UNION SAYS
THAT NUMBERS ALSO VERIFY THAT
MANY PEOPLE ARE LEAVING OR ARE
PLANNING TO LEAVE BIG CITIES AS
TOTAL TELECOMMUTING BECAUSE THE
NORM FOR MANY BUSINESSES.
>>> NEXT UP, CHIPOTLE ANNOUNCED
THAT IT WILL BE CELEBRATING THE
OPENING OF ITS 100th
CHIPOTLANE.
CHIPOTLANE. THIS IS THEIR DRIVE THROUGH
DIGITAL ORDER PICK UP LANE AND
CHIPOTLANES ARE EXPECTED TO BE
16% OF NEW CHIPOTLE STRUTS IN
THE FUTURE.
THE FUTURE. DUE TO AN INCREASE IN DIGITAL
BUSINESS, RESTAURANTS FEATURING
A CHIPOTLANE REQUIRE MORE
STAFF 10 TRADITIONAL CHIPOTLES.
>>> OKAY, GARY, TODAY, I TALKED
WITH RICHARDSON, THE CEO AND
MEMBER OF THE GOVERNOR'S
ECONOMIC STABILIZATION GROWTH
COUNSEL ON HOW HOUSE BILL THAT
PROVIDES LOW-INTEREST LOANS TO
COLORADO SMALL BUSINESSES
SEEKING TO RECOVER.
BLAIR WAS INSTRUMENTAL IN THIS
PROGRAM AND SHARES INSIGHT WITH
US.
US.
US. >>
US. >> 50
US. >> 50 MILLION THE CITY IS GOING
TO PARDON THEM.
IT IS GOING TO BE ALLOCATED TO
ALL 64 COUNTIES IN THE STATE.
IT IS GOING TO HELP COMPANIES
THAT THE FEDERAL GOVERNMENT
PROGRAMS ARE NOT DIRECTED TO
HELP, SO COMPANIES THAT HAVE
100 TO 25 EMPLOYEES.
>> THAT WILL BE WILL COME.
I AM SURE.
SO THE STATE IS PUTTING IN 50
MILLION, RIGHT?
MILLION, RIGHT? WHERE ARE THE REST COMING FROM?
>> GARRETT, THE OTHER 200
MILLION WILL BE RAISED IN
CONJUNCTION WITH COMMUNITY BANKS
. I WOULD ALSO NOTE THAT BLAIR
INDICATED A FOCUS IS GOING TO
BE ON FINDING WOMEN OUT, RURAL
AND MINORITY OWNED SMALL
BUSINESSES.
BUSINESSES. MANY OF WHICH GOT OVERLOOKED OR
DID NOT BENEFIT FROM THE
FEDERAL AID PROGRAM.
>> YEAH.
>> YEAH.
>> YEAH. SO IT SEEMS LIKE A GOOD GOAL.
DO THINK IT WILL BE ENOUGH
MONEY TO REALLY HELP?
>> YOU KNOW, GARY, THE NEED
ALWAYS FAR OUTPACES THE MONEY.
SO PROBABLY NOT.
BUT IT IS BETTER THAN NOTHING,
A LOT BETTER THAN NOTHING.
I THINK UNTIL WE GET A VACCINE,
SMALL BUSINESSES ARE GOING TO
CONTINUE TO STRUGGLE TO SURVIVE
TO GET THROUGH THIS.
BUT THERE IS AN UPSIDE.
THE VACCINE IS COMING.
NOW, LEE RICHARDSON IS A
MECHANIZED BUSINESS LEADER IN
PRIVATE INVESTMENT.
PRIVATE INVESTMENT. HE HAD SOME THOUGHTS ON
INVESTING DURING THIS AS WELL.
THERE'S CLEARLY OPPORTUNITIES
IN CERTAIN SEGMENTS OF THE REAL
ESTATE MARKET. BUT THE THING
THAT PEOPLE MUST DO IS THEY
MUST BE PRUDENT.
THEY MUST HAVE CASH.
THEY SHOULD NOT PUT ALL THEIR
MONEY -- THEY SHOULD BE
INVESTING ALL THE WAY THROUGH
THESE PERIODS.
THESE PERIODS. IT IS SCARY FOR SOME PEOPLE.
BUT THIS IS PART OF THE COMMON
BUSINESS CYCLE.
BUSINESS CYCLE. >> Reporter: HE ALSO INDICATED
THAT HE THINKS THE STOCK MARKET
MAY BE FULLY PRICE.
PRIVATE INVESTMENT IN WELL-RUN
COMPANIES INTO THE MAY BE
STRUGGLING RIGHT NOW.
THEY MAY BE GOOD INVESTMENTS
BECAUSE ON THE OTHER SIDE OF
COVID-19, THEY WILL BE IN A
GREAT POSITION.
GREAT POSITION. MOST IMPORTANTLY, BLAIR SAYS TO
BE PRUDENT AND KEEP CASH ON
HAND.
HAND.
HAND. I
HAND. I INTERPRET THIS AS MAKE SURE
YOU DON'T PUT ALL YOUR MONEY
INTO AN INVESTMENT.
YOU MAY NEEDED AND SEEK THE
ADVICE OF FINANCE AND
INVESTMENT IN OTHER
PROFESSIONALS WHEN IT COMES TO
ANY INVESTMENT DECISIONS.
>> YEAH, THAT IS TOUGH BUT
PEOPLE DON'T KNOW WHAT TO DO.
BUT I LIKE THE FACT THAT HE IS
POSITIVE.
POSITIVE.
POSITIVE. THAT IS A GOOD SIGN.
AND SO ARE YOU, RYAN.
>> ABSOLUTELY.
>> ABSOLUTELY. >> OKAY.
>> OKAY.
>> OKAY. >> I TRY TO BE, GARY.
>> OKAY, WE WILL TALK TO YOU
NEXT WEEK.
NEXT WEEK. SO "THE BUSINESS