As healthcare workers risk their lives to treat patients amid the coronavirus pandemic, many organizations are providing much-needed support to the workers on the frontlines.
The Tunnel to Towers Foundation is not only raising money to provide essential protective equipment and meals for essential workers, but it also plans to offer mortgage relief for families of healthcare workers who lose their lives and leave behind young children.
The group launched the COVID-19 Heroes Fund, which has already raised over $4 million\.
Frank Siller, Tunnel to Towers chief executive officer, told Cheddar Wednesday,“The Tunnel to Towers Foundation will take over the mortgage for a period of time,” he said. “We are also buying all of the protective gear. The masks, the gowns and other things we are distributing from New York.”
Siller said the group has been distributing most of the protective gear and supplies to New York hospitals because the state is still grappling with the largest number of coronavirus cases across the country. The foundation is also providing meals for Emergency Medical Service workers and volunteers.
The Tunnels to Towers Foundation was founded in the aftermath of the 9/11 terror attacks in honor of Siller's younger brother Stephen, a New York City firefighter, who died that day. The organization raises money to help injured veterans and the families of fallen first responders.
Living in New York City, working full time and without a car, Jessica Ray and her husband have come to rely on deliveries of food and just about everything else for their home. It has meant more free time on weekends with their young son, rather than standing in line for toilet paper or dragging heavy bags of dog food back to their apartment.
Cheddar News checks in to see what to look out for on The Day Ahead as Campbell Soup and Vera Bradley are due to report earnings while economic data, including the April trade deficit and consumer credit, are slated to be released. And Wednesday is World Food Safety Day.
Financial services company Marqeta released its fourth annual state of payments report which reveals how widely Americans have adopted new technology like mobile banking and wallets. Marqeta CEO Simon Khalaf joined Cheddar News to discuss how common digital payments have become.
Katherine Rooney Vera, chief market strategist with StoneX, joined Cheddar News to discuss what investors should expect as the S&P closed near a nine-month high with volatility levels at their lowest level in over three years.
