Mastercard is dealing with the effects of the COVID-19 situation and the impact on our global economies just like all of you. We realize many are dealing with the uncertainty of the financial futures of millions of families and small businesses across the US.
Mastercard is committed to our employees, consumers, and merchants. Our core mission is enabling commerce. We’re going to keep doing that today, tomorrow and far into the future. We are taking all necessary steps to maintain service to our customers. Electronic payments play a vital and stabilizing role in the face of challenges that disrupt the consumption and economic activity. For more details, please check Mastercard’s dedicated page with the latest information on how our technology is helping: https://www.mastercard.com/global/covid-19-info.html
Through our Master Your Card Program, we are staying in constant contact with our community partners to understand concerns and help individuals and small businesses maintain their financial health and find hope in a difficult economy.
As a community empowerment program, Master Your Card is ready to serve as a resource to navigate the road ahead.
In times like these, all efforts matter and we will continue to look for ways to help – big and small. For example, Mastercard partnered with The Bill and Melinda Gates Foundation and Wellcome Trust to accelerate the development and access to treatment for COVID-19. Together, we have committed up to $125 million in funding to speed-up the identification, assessment, development, and scaling of treatments.
At Mastercard, our focus has always been on building a more connected world. We remain committed to that cause. We will be with you today and as we rebuild our financial future.
Thank you, and be safe,
Wednesday, March 25, 2020
Our members are doing incredible work under extraordinary circumstances, and the bonus pay we negotiated with AT&T recognizes that work. We have also worked together to reach agreements for enhanced safety procedures and sick and family leave protection for all CWA-represented AT&T workers.
Our priority is to ensure worker and customer safety, solve problems, and provide reliable essential service to our customers. We continue to work collaboratively to address issues as they arise.
AT&T’s response to this crisis should be a model for other corporations. Concrete actions like this bonus, enhanced safety procedures, sick and family leave protection, and suspension of stock buybacks prove that AT&T cares about its employees and their customers.
Press Contact:Amy Fetherolf
3/25 Update: Verizon is prepared to serve customers during COVID-19 crisis
March 25, 2020
By John Furner, President & CEO – Walmart U.S. and Kath McLay, President & CEO – Sam’s Club
Walmart and Sam’s Club are central to thousands of American communities, and we serve those communities hand-in-hand with other businesses – businesses that employ many of our customers, members and loved ones. Today we wanted to share how we’re supporting some of these partners as they deal with the spread of COVID-19 in the U.S.
As you know, a variety of small businesses operate inside Walmart Supercenters and Sam’s Clubs – hair and nail salons, optometrists, restaurant franchises, veterinary clinics, local and regional banks. We have more than 10,000 leased spaces throughout the country.
This is a trying time for many of these establishments – just as it is for so many other businesses across America. Some have had to temporarily close or significantly reduce hours and services.
We want to help. That’s why we’re waiving rent for all Walmart property partners for the month of April, as well as for the hundreds of eye doctors who operate at Sam’s Clubs. It’s our hope that this rent relief will help these businesses financially weather the current situation and take care of their employees.
We’ll continue to monitor the need for additional support past April. We’re also working with many of our partners to encourage their impacted employees to apply for the 150,000 temporary jobs we plan to fill in the coming months.
Supply Chain Financing Program
This is also a difficult time for some of our suppliers: the companies who produce the products we sell on our shelves and websites. Capital is increasingly maxed for some suppliers as their business models change and shift.
Because of this, we’re making changes to our Supply Chain financing program, which is a program where Walmart and Sam’s Club work with national banks to allow qualified suppliers to get payments from us faster. We’re improving the program: by adding dedicated resources to speed up the on-boarding process, eliminating an eligibility requirement and adding JPMorgan Chase as a partner (they join existing partners Citibank and Wells Fargo).
More than two-thirds of our 18,000 suppliers are small and medium sized businesses who could benefit from this newly enhanced program. We encourage them to look into it through our Supplier Academy system.
These are two ways we are trying to help our partners during this difficult and unprecedented situation. We know that by working together we’ll be able to make the greatest difference for our customers, our members and for America.
SBA Administrator Jovita Carranza, Secretary of Housing and Urban Development Ben Carson and Secretary of Education Betsy DeVos address a global audience of business owners
WASHINGTON, March 6, 2020 /PRNewswire/ -- On March 4, The Latino Coalition (TLC), the nation's leading non-partisan advocacy organization representing Hispanic businesses and consumers, hosted President Donald J. Trump at their Legislative Summit in Washington, D.C.
The event brought together small business owners from around the world with influential U.S. leaders and Cabinet members, including U.S. Small Business Administrator Jovita Carranza, U.S. Secretary of Housing and Urban Development Ben Carson and U.S. Secretary of Education Betsy DeVos.
"The American economy is firing on all cylinders, and Latinos are at the forefront of the economic boom," said Hector Barreto, TLC's Chairman and former U.S. Small Business Administrator. "President Trump and his Administration understand the unique challenges and opportunities of entrepreneurship. They 'get' small business, and the small business community appreciates it! This event was an opportunity to show that appreciation to an administration that has done so much to create an environment where entrepreneurs can succeed."
During his remarks, President Trump said: "The phenomenal achievements of Latino business leaders, entrepreneurs, innovators and workers are lifting our nation to soaring new heights. You are powering the American Dream."
He went on to emphasize how, from the beginning of our Republic, the Hispanic community has been a vital and indispensable part of the American family.
"Latinos have invigorated our economy, expanded our prosperity and poured their heart, sweat and soul into our beloved country. With the hard work, love, and devotion of millions of incredible Hispanic-Americans, our country is thriving, our people are prospering, and our future has…never looked better than it does right now," the President added.
The day-long Legislative Summit served as a platform to discuss economic growth of and policy issues such as procurement, education and regulatory reform. Through high-impact panels and dynamic breakout sessions, attendees were given critical tools and resources, as well as an opportunity to build their professional and personal networks.
Notable guests included: newly confirmed U.S. Small Business Administrator Jovita Carranza; U.S. Secretary of Housing and Urban Development Ben Carson; U.S. Secretary of Education Betsy DeVos; U.S. Rep. William Hurd (TX-23); Jennifer Korn, Deputy Assistant to the President and Deputy Director of the White House Office of Liaison; U.S. Rep. Barbara Lee (CA-13); Ruben Barrales, Senior Vice President, External Relations, Wells Fargo & Company; Dan Bryant, SVP Global Public Policy and Government Affairs Walmart; Eric Hoplin, Head of External Relations for Wells Fargo & Company and Daniel Garza, President The Libre Initiative to name a few.
Newly appointed U.S. SBA Administrator Jovita Carranza spoke on the record-setting tax cuts saying: "If it weren't for the President's tax cuts, we would not have our economy fueled with the vitality we are experiencing and all of the business owners in this room, as well as small businesses I have visited across this nation, are experiencing. It is historic…thank you for being such a friend of the Hispanic community."
Additionally, Chairman Barreto announced new partnerships through cooperative agreements for TLC Matchpoint, the organization's recently launched procurement tool for small business. The agreements included the United States Hispanic Chamber, the Orange County Hispanic Chamber of Commerce, the Virginia Hispanic Chamber of Commerce, the New Jersey Hispanic Chamber of Commerce, the Hispanic Chamber of Commerce Greater Kansas City, the Latin Chamber of Commerce of Nevada, COMSE, San Juan Capistrano and the Indian American International Chambers of Commerce. These organizations join TLC's network of 100+ partners working to enhance the overall business, economic and social objectives of the Hispanic community.
"The Latino Coalition has planned an exciting year convening and engaging with the engine of our economy. We look forward to connecting with businesspeople at the DNC Summit in Wisconsin and the RNC Summit in North Carolina to hear powerful stories of success and continue advocating for valuable pro-business policies that will bolster the entrepreneurial community," Barreto added.
The Latino Coalition would like to thank the following Title Sponsors: Wells Fargo, Walmart, Edison International, Southern California Edison, PG&E, Google, and T-Mobile. TLC also acknowledges and is grateful for all its partners: AltaMed Health Services Corporation, Altria Client Services, AT&T, California Resource Corporation, Comcast Corporation, Cuellar Enterprises, East West Bank, Edison Electric Institute, Ecco Select, Grupo MAGNO, Guardian, Herbalife, Hispanic Business Roundtable Institute, MasterCard, Master Your Card, NCTA, Optimum Seismic, PhRMA, The Latino Coalition Foundation, The Libre Initiative, Tributo Tequila, Univision, US Chamber Institute for Legal Reform, and Verizon.
ABOUT THE LATINO COALITION- The Latino Coalition (TLC) was founded in 1995 by a group of Hispanic business owners from across the country to research and develop policies solutions relevant to Latinos. TLC is a non-profit nationwide organization with offices in California, Washington, DC and Guadalajara, Mexico. Established to address and engage on key issues that directly affect the well-being of Hispanics in the United States, TLC's agenda is to create and promote initiatives and partnerships that will foster economic equivalency and enhance and empower overall business, economic and social development for Latinos. Visit www.thelatinocoalition.com or follow us at #TLCSUMMIT.
President Trump received a warm welcome when he made an appearance at the Latino Coalition's Legislative Summit at the J.W. Marriott in Washington, D.C., on Thursday. Many in attendance were Latino owners and managers of small businesses across the country and strong supporters of Trump.
Hector Barreto, chairman of the Latino Coalition, told Townhall there are "many things" Americans get wrong about Trump's strong support within the Hispanic community.
Por Santiago D. Távara
El presidente de Estados Unidos, Donald Trump, destacó el impacto de sus políticas económicas en los latinos como uno de sus mensajes más importantes con miras a asegurar su reelección en noviembre frente a sus potenciales rivales demócratas que podrían ser el exvicepresidente Joe Biden o el senador Bernie Sanders.
El mandatario se dedicó a mencionar uno de sus logros principales con apoyo bipartidista que es el UMSCA, la reducción del desempleo y el constante crecimiento de negocios de propiedad de latinos.
“Bajo la pujante economía de Trump, los latinos están logrando ganancias récord. Desde mi elección, hemos creado 7 millones de nuevos trabajos”, que incluyen 3 millones de puestos laborales para los latinos, sostuvo el presidente en la conferencia legislativa el miércoles 4 de marzo de la organización conservadora sin fines de lucro The Latino Coalition, que tuvo lugar en el hotel Hyatt en Washington.
El presidente mencionó también el hecho de que más de 600,000 hispanos han salido de la pobreza, el ingreso medio de los latinos por primera vez ha superado los $50,000 anuales y que una cifra récord de latinos están ganando más de $200,000 por año, a lo cual se suma un incremento en la tasa de propiedad de vivienda entre los latinos.
“Nuestros 4.4 millones de negocios de propiedad de hispanos están creciendo a un nivel sin precedentes” y además cuatro de cada cinco de esos negocios esperan un incremento en sus ingresos y planean contratar a más trabajadores, recalcó durante el foro legislativo al que asistieron representantes de grandes corporaciones y líderes empresariales hispanos de diferentes rubros.
Influyentes miembros de la administración Trump asistieron al evento de Latino Coalition, incluyendo a Jovita Carranza, responsable de la Administración de Pequeños Negocios; los secretarios de Vivienda, Ben Carson, y de Educación, Betsy DeVos, y el inspector general de Salud, Jerome Adams.
Héctor Barreto, presidente de Latino Coalition.
En entrevista con Political Hispanic, el presidente de Latino Coalition, Héctor Barreto, dijo resaltó la importancia de altos funcionarios del gobierno en la conferencia. “No es la primera vez, han asistido en otras ocasiones”.
“Los latinos vamos a seguir dando grandes contribuciones a la economía. Existe el ambiente apropiado, no solo para empezar una empresa sino para hacerlas crecer en el largo plazo”, enfatizó.
President Trump touted his administration's economic accomplishments and their effect on Hispanic businesses during a Wednesday address to the Latino Coalition Legislative Summit.
"You’re having the best year you’ve ever had. I have to say that. Last year was your best, and we’re beating it this year," Trump told the crowd.
"With the hard work, love and devotion of millions of incredible Hispanic Americans, our country is thriving, our people are prospering and our future has ever — really never looked better than it does right now," he added.
Trump rarely strayed off-script except to ad-lib short embellishments to his prepared remarks.
The president brought on speakers from the audience, which included Housing Secretary Ben Carson, Small Business Administrator Jovita Carranza and Puerto Rico Gov. Wanda Vázquez Garced (R).
Earlier, Education Secretary Betsy DeVos and Surgeon General Jerome Adams addressed the conference. Adams appeared in lieu of Health and Human Services Secretary Alex Azar.
Trump invited remarks from two businessmen in the audience as well as from Carranza.
Trump touted the United States-Mexico-Canada Agreement, which he called "incredible" compared with the "horrible" North American Free Trade Agreement it replaced.
And Trump said his administration will continue to pressure Venezuelan President Nicolás Maduro.
The administration has consistently ratcheted up sanctions on Maduro while recognizing opposition leader Juan Guaidó as the country's legitimate president, but Maduro has so far refused to budge from power.
"We're with Venezuela all the way, and we're doing a lot, and we have a lot planned," said Trump, prompting a cry of "gracias" from a member of the audience.
"The tragedy in Venezuela is a reminder that socialism and communism bring misery and heartache everywhere they're tried," Trump added.
The Latino Coalition is a conservative Hispanic group focused on pro-business policy advocacy campaigns.
Trump last addressed the Latino Coalition summit in 2018; Vice President Pence has twice been the keynote speaker at the convention.
Héctor Barreto Presidente The Latino Coalition, destacó la importancia de la presencia latina en Estados Unidos, del crecimiento de las coaliciones que han contribuido a que se generen 800 mil millones de dólares al año en ventas, a través de cuatro millones de empresas latinas.
Advirtió que el gobierno del país vecino reconoce la presencia e importancia de las comunidades latinas, tanto en la economía y en la cultura, además de su participación en las próximas elecciones.
President Trump highlighted the economic gains of Hispanics from his policies during a speech to Hispanic business leaders on Wednesday as he continues his aggressive outreach to minority voters.
“Under the booming Trump economy, Latinos are achieving record gains,” Mr. Trump said at the annual Latino Coalition’s legislative summit in Washington. “We have created 3 million new jobs for Hispanic-Americans. Hispanic-American unemployment has fallen to the lowest rate ever recorded.”
The president said his administration’s agenda of low taxes and low regulation “is delivering remarkable opportunity and security to millions of hardworking Hispanic-American families.”
“Nearly 40 million Hispanic-Americans live in households benefiting from our expansion of the child tax credit — providing an extra $2,000 yearly for the average family of four,” the president said.
While a strong majority of Hispanic voters still favor Democrats, the president received 30% support from Hispanics in a Pew Research Center poll last month — slightly higher than the 28% who supported him in 2016. In November, a record 32 million Hispanic Americans are expected to be eligible to vote, topping for the first time the number of black eligible voters.
The president referred to the construction of his border wall, and said it’s one reason he’s doing relatively well with Hispanic voters.
“You know who wants the wall more than anybody else? The Hispanics,” Mr. Trump said. “They get it. They’re here, they want to be safe, and they know some of the people coming across are not the people that you want to be with. They understand the border better than anybody, and they want a safe border. It’s been a great relationship that I’ve had with Hispanic Americans.”
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