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April 4, 2020, 3:17 p.m. EDT

Two. Trillion. Dollars? Here’s where all that coronavirus stimulus is going

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By Shawn Langlois, MarketWatch


Getty
$2 trillion?

About 17 Jeff Bezoses. Two Alphabets /zigman2/quotes/205453964/composite GOOG +0.86%  . A couple Apples /zigman2/quotes/202934861/composite AAPL -0.10%  . Four hundred Dallas Cowboys franchises. A thousand Wembley Stadiums.

Yes, it’s hard to wrap your brain around how much money $2 trillion really is.

That’s where cost-estimating website HowMuch.net comes in . President Trump last week signed a $2 trillion bill to boost the economy during the coronavirus shutdown. The headline number for many was the $1,200 check that will give a lifeline for a big chunk of the population.

But there’s so much more going on here.

“It’s hard to imagine just how much money is at stake, much less where it’s going and who is going to benefit,” HowMuch.net editor Juan Carlos Sanchez wrote, referring to this detailed chart:

As you can see, individuals receive the biggest boost from this sweeping package, with about $560 billion going directly in to their pockets as cash payments or additional unemployment benefits. The big companies get $500 billion, with $58 billion to help the crushed airline sector.

Read: What the $2 trillion stimulus means for you

Small businesses will get $350 billion in guaranteed loans that can be forgiven provided they don’t lay anybody off during the weeks and months ahead. Congress also appropriated money for a variety of different situations, including extra funding for hospitals and relief for student loans.

Also of note, some smaller items unrelated to the coronavirus pandemic were added to the massive piece of legislation, including $25 million for the John F. Kennedy Center for the Performing Arts in Washington, $7.5 million for the Smithsonian and $75 million for both the National Endowment for the Arts and the National Endowment for the Humanities.

As the impact of the package sinks in, buyers came back to the table Monday, with the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.07%  , S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.48% and Nasdaq /zigman2/quotes/210598365/realtime COMP +1.29% all up more than 2% early.

/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,428.92
+12.19 +0.86%
Volume: 1.80M
May 29, 2020 4:00p
P/E Ratio
28.83
Dividend Yield
N/A
Market Cap
$769.02 billion
Rev. per Employee
$1.39M
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 317.94
-0.31 -0.10%
Volume: 37.79M
May 29, 2020 4:00p
P/E Ratio
24.92
Dividend Yield
1.03%
Market Cap
$1379.40 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
25,383.11
-17.53 -0.07%
Volume: 527.62M
May 29, 2020 4:20p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,044.31
+14.58 +0.48%
Volume: 4.28B
May 29, 2020 4:20p
loading...
/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
9,489.87
+120.88 +1.29%
Volume: 4.24M
May 29, 2020 4:23p
loading...

Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.

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