Jim Zarroli | Prairie Public Broadcasting

Jim Zarroli

Trish Pugh started an Ohio trucking company with her husband in 2015. Even for a small business, it's small — they had two drivers, counting her husband, until they let one go because of the coronavirus crisis.

And so her company applied for a loan under the first, $349 billion round of the Paycheck Protection Program, which the federal government had set up to rescue small businesses.

It didn't go well.

Normally, spring is the time when Gillson Trucking's fleet of 150 trucks are at their busiest, transporting strawberries and lettuce from the farms of California's Central Valley to restaurants in the Northeast and Midwest.

But with most of the country's restaurants shut down indefinitely, the trucks are mostly sitting idle right now.

"The produce is available, but because of these restaurant chains has been closed down there are no buyers," says the Stockton, Calif., company's co-owner, Harsimran Singh.

Updated Tuesday at 9:31 a.m. ET

Several large restaurant chains, an asset management firm and even the Los Angeles Lakers have returned money they received from the first $349 billion allotment in the Paycheck Protection Program.

The decision to give back the money comes amid complaints that many large companies are wrongly accessing a federal loan program intended to help small businesses hurt by the coronavirus pandemic.

Updated at 8:46 a.m. ET

The number of people forced out of work during the coronavirus lockdown continues to soar to historic highs. Another 4.4 million people claimed unemployment benefits last week around the country, the Labor Department said.

That brings the total of jobless claims in just five weeks to more than 26 million people. That's more than all the jobs added in the past 10 years since the Great Recession.

When the British economy ground to a halt a few weeks ago, Reda Maher suddenly found himself among the ranks of the unemployed, alongside untold millions of other people around the world.

But unlike many others, Maher can rest easy, knowing that money will keep flowing into his bank account until he's called back to work.

Updated at 1:36 p.m. ET

Restaurant chains, construction companies and mobile-home makers are among more than a million businesses approved for loans so far under the government's $349 billion Paycheck Protection Program.

The program is primarily intended to benefit small businesses — defined as those with fewer than 500 employees — hurt by the coronavirus pandemic. However, some larger, publicly traded companies have also qualified for loans.

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AILSA CHANG, HOST:

Tonight President Trump announced new guidelines for a gradual step-by-step reopening of the country.

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Updated at 8:43 a.m. ET

The number of people filing for unemployment climbed by another 5.2 million last week as the toll of the nation's economic dive amid the pandemic continues to mount. That number is down from the revised 6.6 million in the week that ended April 4, the Labor Department said.

But in the past four weeks, a total of 22 million have filed jobless claims — nearly wiping out all the job gains since the Great Recession.

The coronavirus, we are sometimes told, is a great equalizer, preying on both the elite and the ordinary, the well-heeled and the downtrodden.

"It doesn't care about how rich you are, how famous you are," Madonna assures us in her latest video, sitting naked in bathwater laced with rose petals.

But being rich sure does let you ride out the pandemic in much more pleasant surroundings.

Banks are starting to reel from the financial impact of job losses and business shutdowns across the country from the coronavirus.

Two of the nation's biggest banks reported plummeting profits during the first three months of the year as they sought to prepare for an onslaught of defaults in debt that ranged from credit cards and mortgages to business loans.

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