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Apr 30, 2020

The worst string of layoffs on record

Roughly 30.3 million people have now filed for jobless aid. How the pandemic is widening inequality. Tesla’s surprise report of profits during the first quarter of 2020. How big banks were temporarily locked out of the Paycheck Protection Program.

COVID-19 has altered the landscape for local chambers of commerce, who function to promote local businesses. — COVID-19 has altered the landscape for local chambers of commerce, who function to promote local businesses.
Spencer Platt/Getty Images

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Segments From This Episode

Black women twice as likely as white men to suffer economically from COVID-19
by Kimberly Adams
John Moore/Getty Images
That includes getting laid off, furloughed or having hours or pay reduced because of the pandemic.
Elon Musk and Tesla report a profit for the first quarter, despite COVID-19
by Jack Stewart
Win McNamee/Getty Images
It’s the automaker’s third profitable quarter in a row.
SBA temporarily shuts out big banks and businesses from Paycheck Protection Program
by David Brancaccio, Nova Safo and Alex Schroeder
Cindy Ord/Getty Images
For eight hours, only smaller banks were able to process applications.

Music from the episode

The Team

David Brancaccio Host
Victoria Craig Host, BBC
Stephen Ryan Senior Producer, BBC
Jonathan Frewin Producer, BBC
Daniel Shin Producer
Jay Siebold Technical Director
Meredith Garretson Morbey Senior Producer
Alex Schroeder Producer
Erika Soderstrom Producer
Rose Conlon Producer
Brian Allison Technical Director