Small businesses asked not to fire workers as government set to offer forgivable loans
MarketWatch: U.S. Treasury Secretary Steven Mnuchin urged small businesses not to fire any workers, saying the government will provide bridge loans that could be forgiven entirely after the coronavirus pandemic eases. “If you’re a small business, we ask that you not lay people off,” Mnuchin said in an interview with CNBC today.

Trump considers easing social-distancing guidelines to boost economy

Wall Street Journal: The White House is discussing easing social-distancing guidelines as early as next week as advisers and business leaders push President Donald Trump to boost an economy beset by deepening job losses nationwide, people familiar with the discussions said. The president has told people that he wants to open the economy as soon as possible. The talks have centered on relaxing or restructuring the 15-day guidelines the administration issued last week to stem the spread of coronavirus, one of the people said. Other advisers have cautioned Trump against easing the guidelines, warning the measures remain necessary.

IOC member says 2020 Tokyo Olympics will be postponed

USA Today: Veteran International Olympic Committee member Dick Pound told USA Today this afternoon that the 2020 Tokyo Olympic Games are going to be postponed, likely to 2021, with the details to be worked out in the next four weeks.

– GE’s aviation unit to cut 10% of U.S. workforce (Reuters)
– Boeing to halt all Seattle production as coronavirus spreads (Wall Street Journal)
– GM accelerates ‘Project V’ to build ventilators in Indiana (Reuters)
– Stocks close 583 points lower (CNN Business