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YOUR MONEY with Mark: 'We need to get the economy up and running sooner rather than later'

Investment Advisor Mark Grywacheski weighs in on the difficult decision.

DAVENPORT, Iowa — Mark Grywacheski got into the touchy topic Monday, April 20.

Wall Street futures skyrocketed early Friday morning, April 17, thanks in part to actions taken by President Donald Trump. 

"White House guidelines outlining a phased approach to reopening businesses, schools and other areas of life have hinted at light at the end of the shutdown tunnel."

Grywacheski also says we're continuing to see a flattening of the curve, but why does he think the economy needs to get back "up and running sooner rather than later?" He says small businesses account for 50% of all jobs and drive more than 60% of all job growth in the U.S. economy. He says the owners are facing a lot of pressure right now.

"32% stated they face risk of permanent closure if their business remains closed for 1-2 months, and we're already in that second month, and once you get to months three, four, and five, that risk of permanent closure skyrockets to over 65%."

Grywacheski says we're already going to lose a number of businesses with what's already happened, but if we don't start reopening the economy, there will be tens of millions of Americans that won't have a job to go back to.