Monday, March 09, 2020

CORONAVIRUS CRASHES STOCK MARKET: DO YOU TRUST KANSAS CITY TO PUT PUBLIC HEALTH OVER PROFIT?!?!



The suits are selling out this morning as global markets tank in the wake of spreading coronavirus despite assurances from  politicos.

Given the recently confirmed case in the golden ghetto and crowded upcoming events, we want to ask our blog community an important question:

DO YOU TRUST KANSAS CITY TO PROTECT PUBLIC HEALTH OR BIG BIZ INTERESTS?!?

At the very least, the answer to that question will determine entertainment plans this week.

And once again, as always we question this local sports call . . .

GIVEN SO MANY OTHER CANCELLATIONS: IT IT WISE FOR KANSAS CITY TO LET THE BIG 12 CONTINUE?!?!?

Our honest concern for the health of our community . . .

Now with a local case and ONE OF THE BIGGEST LOCAL CONFERENCES SHUT DOWN . . . It's time start thinking seriously about the consequences of a huge, close gathering like that in the middle of downtown during an American health crisis.

A reality check . . .

TKC WILL NOT CONTRIBUTE TO PANIC!!! LET'S STUDY BOTH SIDES OF COVID-19 CONCERNS TO MAKE A MORE INFORMED FACT BASED JUDGEMENT!!!

Check the links:

Kansas City Hospitals Say They're Ready To Fight Virus

Metro hospitals 'ready and prepared' as coronavirus hits Missouri, Kansas

KANSAS CITY, Mo. - As Missouri and Kansas react to the first presumptive-positive coronavirus cases, hospitals in the Kansas City metro have protocols in place. An official with the University of Kansas Health System told 41 Action News that the staff is "ready and prepared."


Rock Chalk COVID-19 Redux

University of Kansas Hospital admits patient with coronavirus

The University of Kansas Hospital said Monday it has admitted a patient with COVID-19.The hospital said it would not confirm whether the person admitted is the woman in Johnson County who tested presumptive positive for the new coronavirus Saturday."The patient is in a specially equipped area that is designed to prevent the spread of the virus to other patients, visitors, staff and physicians," the University of Kansas Hospital said in a news release.The hospital will have a noon news conference Monday to answer questions about protocols for care and public safety.


EPIC CONFERENCE MOOOVING OUT OF TOWN FOR NOW!!!

Dairy Farmers of America postpones annual meeting citing coronavirus concerns - Kansas City Business Journal

Kansas City's largest private company announced it is postponing an annual gathering that attracts more than 1,500 people due to concerns about the coronavirus. The Dairy Farmers of America had planned to hold its annual meeting March 16-18 at the Sheraton Kansas City Hotel at Crown Center.


Global Markets Pass Gas

Oil plunges 20 percent as another virus-fueled trading week begins

Oil prices are plunging as a dispute among producers could lead a global economy weakened by COVID-19 to be awash in an oversupply of crude. Brent crude, the international standard, lost $9.50, or 20.1 percent, to $35.77 per barrel, as of 7:58 p.m. Eastern time on Sunday after earlier touching its lowest price since 2016.


Sell Off Monday

Dow Dives 1,900 Points, NYSE Halts Trading As Stock Indexes Plummet

Trading on the New York Stock Exchange was halted Monday after indexes plunged 7% in reaction to Saudi Arabia's sudden oil-price cut. The financial market chaos is the latest reaction to the coronavirus epidemic. In early trading, the Dow Jones Industrial Average was down more than 1,900 points - more than 19% off its February peak.


Golden Ghetto Assurance

JoCo health officials say risk of contracting COVID-19 is low

The CDC is still testing the sample from a presumptive-positive COVID-19 test in Johnson County, Kansas.While the results aren't back yet, health officials in Johnson County and at the state level are operating on the assumption that the test will return positive.With that in mind, the county released a letter Sunday saying the risk of contracting coronavirus in Johnson County is low.If you're worried you may have symptoms of the virus, get in touch with your doctor first.


Contemplating Big Picture

The Virus Revealed a Rot in the American Economy

Sometimes it takes a bolt of lightning for people to see that a tree that seemed healthy had been rotting from the inside. The coronavirus exposed an American economy that appeared strong from some perspectives but is actually deeply flawed, structurally unsound, and in dire need of reform.


You decide . . .

96 comments:

Anonymous said...

Better title:

Call it Quinton.

Dex said...

The markets will bounce back. Don't agree with all of that last link but it is obvious they were overvalued. If it was corona or anything else. A correction was inevitable. I can tell that TKC might even admit that as well.

Anonymous said...

^^^ MAYBE.

Where's that guy who kept on bragging about his 401K and President Trump's genius. I'm absolutely certain he's not talking that same trash now.

Anonymous said...

Buy the dips, beetch!

Mr. Market Timer KC said...

^^^ Taking stock market advice online. GREAT way to go broke.

Anonymous said...

Do I trust KC with ANYTHING?

NOPE.

Anonymous said...

^^^ Trust is overrated. Info is more important. Thanks for the links, T.

Anonymous said...

germany just implemented free drive-by testing.

usa needs to fo the same, both to help manage the pandemic and to restore confidence.

Anonymous said...

IMPEACH LUCAS NOW! BEFORE ITS TOO LATE!

Anonymous said...

TKC WILL NOT CONTRIBUTE TO PANIC!!!

Except you are, asshole.

Anonymous said...

As usual Chuck is right.

Anonymous said...

The Great Pumpkin said we HAD to vote for him to protect our 401(k)s. So how's that workin' out for ya?

Anonymous said...

Markets go up...markets go down. A down market is a buying opportunity.

Anonymous said...

markets go up, markets go down and then they go back up.

Anonymous said...

If this was really bad KC would cancel the Big 12 tournament because it is just about making money. The teams that will go to the NCAA tournament have already been determined.

Ronin said...

And markets go down.

Trump said the market going up was his doing, so the crash will be his undoing.

About the big 12.

Good luck.

Wash your hands.

Anonymous said...

Is that what factory farm milk production looks like?

Anonymous said...

How's your 401(k) doing now chuds? MAGA! Everything Trump touches dies. He owns this now.

Anonymous said...

Right. It was Trump who secretly developed COVID-19 in partnership with the Chinese then he personally carried its spores all over the world and released them on an unsuspecting public. And all so he could depress stock values and buy assets on the cheap. Then he'll go around the world, collect all the loose spores, the stocks will rebound and he'll be even richer.

I don't know whether you're going to get the corona virus, 11:36 (et al.), but you definitely have a serious case of late stage TDS.

Anonymous said...

11:36 awwww! They’re so cute at that age! Hahahahaha!

Anonymous said...

No the risk of catching the virus is high. The risk of dying from the virus is low, unless you are old or have a preexisting health condition. Best number to date put the mortality rate at 2-3%. The health care industry is overwhelmed today with the "crisis" so we can only imagine the situation with the real crisis to follow. The testing is not sufficient to understand the situation. As noted over and over; no test, not virus. Old playbook. Same playbook for HIV. I feel for the young that carry the virus to the old. How many grandparents will die from a visit from the grandchildren?

And KC MO isn't ready and isn't going to be ready. The administration and the council keep telling people the health department have it under control; but that is not the case. The health department doesn't have resources sufficient to control the current situation let alone the future situation. Sad Mayor Selfie keeps promoting the basketball games. Imagine the number of people that will die. Imagine the players sharing one ball. Only one player will need to have the virus to infect all players in the game.

Anonymous said...

Watch the movies Outbreak and Contagion on Netflix.

Anonymous said...

and yet Trump is directly responsible for gutting the CDC, dismanlting the pandemic team President Obama started after the Ebola crisis, lied about containing it, has zero testing kits on file, and said it was a hoax perpetrated by the democrats. Weird.

Anonymous said...

Go out and party! And shop! Attend the biggest public events with large crowds! Enjoy!

Anonymous said...

If Trump could ride the last three years of a historic eleven year growth pattern in the Market, and brag to the World about he alone was responsible for all of it, then he has to take responsibility for any corrections that come along, whether his acolytes like it or not.

I guess this may be "The Donald's" seventh Bankruptcy, shame he had to take the Country along with him this time, all he's damaged with the last six was the fools that invested in his "Deals" and those idiots who sold stuff to him on credit.

Maybe when all this is over he'll have someone write another book for him to put his name on, titled "The Fart Of The Dealmaker"!

Anonymous said...

The new low of $1.67 per share of locally based Yellow Freight in my opinion makes it certain a competitor of theirs will buy them. The stock was $9.00 not that long ago. Its dirt cheap and I am would guess someone was already in talks to buy them. If they buy out YRCW for say even $4.00 per share, thats a double in the current price and a nice profit to those who buy YRCW today.

Anonymous said...

And a nice loss if some Hedge Fund like Bain lets them slide into bankruptcy then takes over the assets al la Sears/K-Mart.

Thanks for building up your 401(k), the sharks say it was delicious!

Anonymous said...

Coronavirus isn't tanking the market, the Saudi oil production numbers are.

Anonymous said...

^^^^very correct

Anonymous said...

Driven by liberal media creating fear, hysteria and panic to impact a Presidential election. YTD worldwide corona virus deaths are 4,000 of a world population of 7,700,000,000,000 a minuscle %. On average, 161,543 people die per DAY worldwide of other causes. Tbere are 3i3,000 births per day. I think civilization will survive.

Media is irresponsible causing $trillions of losses in capital markets. The very rich know this and wiil buy these cheap stocks and make a fortune.

People died in a nursing home. Wow, like that never happens.

Anonymous said...

Who is the mentally deranged moron with the serious TDS issues? And flat out calling for good peoples deaths is criminal.

Western Missouri Mental Health has a room and some hard core drugs waiting for you, Jesus dude, you’re sick

Anonymous said...

What is KCMO's Plan B. in the case of a major economic shock. Try to get Harley to move back to town?

Anonymous said...

The dimwits will create and use anything to instill fear and desperation in their incompetent flock because they are too stupid to check the facts, they believe anything that comes out of their mouths, dimwit voters are like zombies and will do anything their told. Sad.

Anonymous said...

12:54 dont worry, smiley selfies Lucas will still get to take his selfies all over the world and Kathryn shields would nevar let us down....

Plan B is to hire wickham and James to save the day! Hahahahaha!

WE’RE DOOOOOMMMMMEEEEDDDD!

Anonymous said...

What’s doom and gloom’s answer to all this? He’s busy telling everybody to die so he must have an answer right? He sure as hell acts like he does, so what is it big boy, go ahead and tell us...... thought so

Anonymous said...

Times like this make me wish for a president who doesn't piss his pants in public. Literally & figuratively.

Anonymous said...

Who knew 12:51 went to the same MSNBC school as Brian Williams. Exact same math problem.

Bloomberg's ad buy could have given $1 million to every American.

7.7 trillion world population??? Check that decimal place, Sparky. Those ,000's are tricky.

Once you fix that - go study pandemics, oil shocks, and corporate debt and get back to us about our rosy future. Fat, drunk and Democratic hoax is no way to go through life.

Anonymous said...

Thanks for the stock tip 12:15.

I heard the same thing about 10 years ago on stock that went by YRC. A $10 stock reduced to penny status. Buy, buy, buy. They did a 1 to 10 reverse split. Then they went bankrupt.

Oh wait, that's how YRCW was formed. Yeah, blogs are great for stock advice.

Anonymous said...

Lots of things are blowing back on us now, especially from the patches, tweaks, and work-arounds we applied to the shuddering system while the “check engine” light was flashing the past twelve years. After the awesome skid of 2008, you’d think the world’s money managers might have learned something about the hazards of stepping on the gas when those lights were flashing. Sadly, the tens of thousands of PhD economists in the back seat couldn’t think of anything else to do. And history will regard them as no better than the hooded priests of the 1300s who swung their smoking censers in the dark streets while the stricken town folk bundled their dead.

As ever,

Jim!

Anonymous said...

1:17 brings nothing to the table but panic and hysteria. FACT: On average 161,000 people die worldwide per day of causes other than Corona virus. There have been only 4,000 coronvirus deaths YTD versus 10,626,000 deaths from other causes YTD.

1:17 is pissing his pants because the facts don't fit his naarative of a communist utopia run by Democrats.

Anonymous said...


C'mon, Dems! Let's get Senile Joe in there to run the country.

For sure, he'll know exactly how to send the stock market skyrocketing, cure the Coronavirus, and sniff the hair of thousands of 9 year old girls!

Anonymous said...

South Korea appears to be getting control of their corona virus outbreak.

Anonymous said...

Democrats want to force Americans to accept centralized government controlled healthcare (communism). That really has worked out well for Communist China as they have spread a virus contagion around the world.

The Communist Chinese then put their corona virus patients in a hospital that collapsed on the patients. Great healthcare plan Democrats that you want to force on Americans.

Anonymous said...

The virus just popped the bubble. Trump's economy was already teetering.

Trump put trillions into Wall Street with tax cuts. Then his hand picked Fed guys cut rates 3 times last year. The Fed was keeping the market artificially liquid with it's overnight repo policies since last summer, shoving tens of billions into the markets.

Trump inflated this stock bubble, ignoring corporate and consumer debt. His cronies were making money along the way.

Now the credit problem is exposed. 401Ks pay the price first. Then real job losses follow. The middle and working class is screwed once again.

Reagan, W Bush, and now Trump. Republican borrow and spend sprees always lead to crashes.

Anonymous said...

^^OK Boomer. You're making no sense. Don't know if it's the dementia or the Coronavirus. Either way, you should go away now.

Anonymous said...

Don't be bragging about the low number of deaths on the scoreboard before the 1st quarter is over. Many teams got their ass kicked doing just that.

Coronavirus, like all pandemics are 2nd half teams. They run up the score late. That's math. It will happen.

You really believe the numbers out of China??? They aren't going down.

Anonymous said...

South Korea is doing drive through testing. They know how to monitor, which helps containment. The case numbers are slowing there compared to the early mass spike with a specific church that superspread the initial cases. But don't mistake that for the virus going away.

We can't even get tests distributed to hospitals. We can't get people with symptoms tested. Trump's has royally fucked US preparedness and bungled our response, but still tells everyone they can get a test.

The failure is not surprising, since he won't even admit it's a problem now. He's tweeting about fake news again as people are going to hospitals and dying.

Anonymous said...

1:58 is wearing a tin foil hat and his Grandma's panties waiting for Corona Virus to take him.

Anonymous said...

The Trump crash and recession are arriving just in time for the election.

No amount of tweeting stops a virus or oil collapse. It's too bad that is his only plan.

Anonymous said...

Greatest economy in history, amIright?

Anonymous said...

Trump-boy muscled the Fed into dropping rates, so there's no ammo left there. If he (and yes, I say "he," since he's been taking all the credit for the market's long rise) can't get the economy under control, we'll be able to start 2021 off without him and Moscow Mitch, so every cloud has a silver lining.

Anonymous said...

^^^ provide a solution Bernie bro, c’mon hotshot, you got the answers don’t you? Nobody is buying your trolls so....

Anonymous said...

1:24, your analogies to automobiles are clever but not clear. Be specific. Who in your opinion should have done/should not have done what? And what effect would that have had.

Anonymous said...

One answer would be not to elect an idiot who blames his mistakes on everyone else and walks away, but it's too late for that.

He fucked us, as he always does, and we'll have to live with the consequences.

Anonymous said...

2:22 - here we go again with you ignoring facts - Obama took interest rates to .25%. The only choice for investors were .25% CD rates or invest in the market or buy consumer goods. Bernanke and Obama started the artificial inflation of the stock market with artificially low interest rates near zero. The near zero interest rates was a hidden tax on savers.

Anonymous said...

Senile Joe will save us!

Anonymous said...

Sadly, Hillary pushed Sleepy Joe into a nursing home. Goodbye Sleepy Joe. RIP.

Anonymous said...

And yet Obama encouraged the Fed to do that in response to the worst economic crisis since the Great Depression while Trump demanded interest rates be lowered during his much touted economic boom. And that was not only weird but insane.

Anonymous said...

Those of you slavering and raving about "Trillions of Dollars lost in the Market" have no idea how the Market works!

IT'S A "ZERO-SUM GAME, FOLKS!

That money doesn't go away, it just moves from one pocket to another!
In this case, it's moving from your Pension Plan and 401(k) into the Bank's and Broker's pockets!

EXACTLY as it has after every GOP Tax Cut in recent History!
Vote Republican, you sheep have too much wealth in Savings!

Anonymous said...

Apparently Sleepy Joe was wiping his ass with Clorox wipes to avoid Corona Virus until his wife instructed him they were to be used to wipe germs away on countertops.

Anonymous said...

It's Berlin Babylon for the 2020s!

Anonymous said...

2:22 - Don't like a hidden tax? Trump had been pushing the Fed for NEGATIVE rates, so savings accounts can be actually taxed! Banks would charge a monthly fee on your deposits to pay the government.

But if we are going to look at facts - Obama didn't lower rates to .25% (and no president lowers rates, moron). The Fed did that BEFORE Obama took office. That was still under Bush and his Fed chairman when the great recession started.

As Obama's stimulus kicked in and economy began to recover, the deficit was lowered. Rates very slowly went up. Financial regulations passed. The economy grew at a steady rate for most of his presidency.

Trump takes a growing economy and had regulations rolled back and exploded the deficit back to $1 trillion annually with corporate tax cuts and increased defense spending. It has been a sugar high pushed into the system, which always invites a crash.

Republican policies do this like clockwork. We've seen this repeat now for 40 years.

Donald J Trump said...

Yeah, fake news, Sleepy Joe, democratic hoax. everyone can get tested, cases going to zero, best economy ever.

Now watch as I play this fiddle.

Anonymous said...

^^^Oh please grow the fuck up. Your negative factless bullshit impresses no one. Only clueless losers like you caused a run on the market today. Meanwhile I'm sitting good and didn't lose a thing in today's madness.

You be sure and vote democrat so all your loser based dreams can come true

Anonymous said...

3:16 You previously said Trump lowered interst rates and then yo say that Obama did'nt lower rates because a President can't do that. Typical Democrat talking out of both sides of their mouth.

Anonymous said...

Bernanke during Obabma's reign purchased trillions of mortgage backed securities and govt bonds to artificially prop up the markets. Trump inherited the Obama / Bernanke ponzi scheme.

Anonymous said...

^^OK Boomer. You don't seem to understand the markets, so please go back to watching Matlock. It's all you can process.

Anonymous said...

"Bloomberg's ad buy could have given $1 million to every American."

Wow, he spent $325 trillion on advertising? I'm impressed...



....by your utter stupidity.

Anonymous said...

^^Sorry Boomer, nobody's talking about that. FOCUS! Don't know if it's the dementia or the COVID-19, either way. Get help & go away now.

Anonymous said...

3:44 seems like you are the only one on here familiar with mattock! Guess you can’t afford cable, pouring coffee for a living doesn’t get it, does it?

Anonymous said...

3:32 nobody said Trump lowered rate. Comments range from Trump muscled the fed and Trump's hand picked fed members did. Learn to read before commenting.

BTW 3:16, Bernanke was also a Bush appointee and Obama wasn't president from 2000 to 2008.

And not to leave out 3:25, if you're sitting good and didn't a lose thing today, then you own nothing and have no money. Nobody listens to poor losers like you.

The MAGA people own the Trump crash and bear market. Get used to it. Today's reality is going to mean an even harsher reality in November.

We don't get satire here said...

Gawd Damn 3:55, you might be the densest person on this blog.

The Brian Williams reference was USING HIS ERROR as an example! Yes, the idiot said $500 billion = $1 million per American.

The 7 trillion population guy repeated the same Brian Williams 3 digit mistake. That was exactly the point.

Are there any Trump people that can fucking read and comprehend???

Anonymous said...

"Are there any Trump people that can fucking read and comprehend???"

Ummmm. Nope. Not even in his administration.

Anonymous said...


NEWS FLASH: From his seaside mansion in Martha's Vine , Obama justissued the formal announcement

" As of today, I am no longer responsible for the economy"

Anonymous said...

Do not buy anything in the market right now. Let it go all the way down to the bottom and stay there for 3 weeks. Then buy the bargains. This was just a tiny drop bringing us back to the levels of Christmas time. The crash hasnt come yet.

And risk of virus is very low "NOW". But before its over, it will be in 50% of the people here,

Anonymous said...

1:55 PM Uh hey idiot. The fake prosperity bubble was inflated during the Obama Administration.

Anonymous said...

Except if its in a 401k its retirement money. Not lost because most of us haven't and wont sell for YEARS. Just like we haven't made any money because we haven't sold. Game ain't over yet. Calm down, Trump is still your Preident and you are still hopelessly living in moms basement.

Anonymous said...

^^^And you're the monkey who's leading it. Dance, monkey!

Anonymous said...

The dimwits are responsible for the stock market decline because they will do anything just like the moron that’s been on here all day blaming Trump, they are creating the panic of coronavirus because they think it hurts Trump, it doesn’t him but they are willing to throw the american working class under the bus for their personal satisfaction. Only stupid people (dimwit party zombies) follow and believe every word coming out of their mouths. Using the hardworking taxpayers as pawns in a game of hate is sickening beyond belief.

The Saudi Russia oil war is causing the biggest problems right now besides, even today we are a million times better off than when Barry was in office, he tried his damndest to wipe out the middle class for his dumbass welfare programs... thank god The great President Trump showed up and saved the working class from being slaves to the dimwit party. They lose, we win!!!

Anonymous said...

Rice, beans, pasta, canned fruit/veggies, dried potatoes, tuna pouches, oatmeal, broth/soup, pancake mix, PB&J, flour, sugar, salt, coffee, diet Pepsi and bourbon... Lots of bourbon.

Anonymous said...

Why not turn the Lowe's Hotel into a national Coronavirus Quarantine center rather then it sit empty for who knows how long at this point.

Anonymous said...

4:14 really gets his Grandma's panties in a twist when people call him out on his intentionally erroneous and mis-leading statements.

He thinks between naps, Sleepy Joe is going to scream at the Corona Virus and it will go away. If not Sleepy Joe, then he thinks we will all die in this Corona Virus pandemic that President Trump created in his Russian lab while on the phone with the Ukrainians.

4:14 claims, mathematically speaking per his words, that four old people dying in a nursing home is a pandemic. So 4:14 has put on his tin foil hat and Grandma's panties waiting for the Ghost of Corona Virus to take his miserable Democrat soul.

Anonymous said...

Bill and Melinda Gates are going to save us with their new testing kit!

Grip Madlock said...

In other news,nice to see PTSD Pander taking all the credit today for the veteran housing.

Anonymous said...

5:12, now that's real TDS. Completely tethered from reality.

I thought dimwits were too poor to own stocks. Trump is throwing old people under the bus by deleting the CDC warning for them not to fly. Today oil crash was better than anything under Barry???

Holy shit, the cult and delusion is really is unbreakable. Keep sharing the Kool-aid amongst yourselves. It's perfectly safe.

Anonymous said...

5:19, Only 4 deaths in the US? Use the google machine.

The rest was just pathetic ramblings barely more coherent than the current president. You're an idiot.

Anonymous said...

This combined with the Sly James blow back virus and the Gail Beatty virus should make for some interesting times in Frosty City.

Carlo said...

I'm thinking that maybe hiding out in Parkville is a good idea. It's also a lovely place for a visit.

Anonymous said...

5:25 & 5:30 coocoo coocoo, it’s coming for you, run while you can dummy! Lol!

Dimwits at their finest right there!

Anonymous said...

Trump is still claiming his (fake) closing of the border early stopped this virus.

The daily press conferences communicate they still don't know what's going on or what to do.

Anonymous said...

6:08 It’s better than what Barry did with h1n1, he waited six months after The Who declared a world wide emergency, your boy Barry waited till over a million people were infected and over a thousand people died in the us before he lifted a finger or spent one dime.

But you think there’s a conspiracy by Trump to kill everybody don’t you? Give it up man.

Anonymous said...

Poor 5:30, he thinks we are all going to die from Corona Virus, 300 million Americans, unless Sleepy Joe is elected President.


Apparently Sleepy Joe secretly invented a corona virus vaccine and knows people in Wuhan, China that can recall the coronavirus and place it back in the crockpot of stewed bat meat.

Anonymous said...

^^^Yea but Dementia Donnie pissed his diaper last week! LOl!

Obama's record said...

6:58, That lie didn't fly the last time you told it.

Just another cooked up Hannity delusion. Obama's declaration of a public health emergency was in April 2009, not October. He was on top of it. Check the link for the truth if you dare.

Citing fake news from Gateway Pundit and Red State puts you on shaky ground. Nobody believes your false deflections.

Anonymous said...

The wall street traders made money today. They hold "put options" that skyrocket when the market goes down. But they did their jobs and sold stocks, helping us lose money. But they did quite well. On wall street - each winner means there is a loser. Each lose means the other guy on the other side of the trade is a winner. So there were winners today!

Anonymous said...

^^^Spoken exactly like a person who doesn’t have $10 in his checking account.