This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks.
- Global cases: More than 911,300
- Global deaths: At least 45,400
- US cases: At least 200,000
- US deaths: At least 4,400
The data above was compiled by Johns Hopkins University.
3:30: Private equity will get a liquidity cushion with payroll tax holiday, as some investments face a cash crunch
Private equity firms are fretting that they may be excluded from a small business loan program established as part of the $2 trillion stimulus bill.
But they have already taken note that they qualify for another key provision in the legislation: the “payroll tax holiday.”
The CARES Act, which was signed into law last week, is aimed at offering economic relief as the coronavirus pandemic grinds business to a halt. It offers a number of relief mechanisms for small businesses that serve as the backbone of U.S. employment….