Companies that were able to make the cut and qualify for the Paycheck Protection Program have another fight on the horizon: having their loan forgiven. Here's why it's so hard to figure that out.

From a drop in income to the inability to pay bills, young adults are facing obstacles they weren't necessarily expecting.

If you had other sources of liquidity available to your company, and applied for the Paycheck Protection Program anyway, now might be the time to think about giving the cash back. You have just over a week to act.

A growing number of schools are freezing tuition in hopes of attracting more students and families now struggling with the weight of a college tab.

New York Gov. Andrew Cuomo extended the moratorium on evictions through August. The state has been the epicenter of the coronavirus pandemic.

Continue reading...

Cornerstone Macro's Carter Worth takes a look at the financial sector. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Guy Adami, Brian Kelly and Steve Grasso.

20m Americans lost their jobs in April; Donald Trump says virus will ‘go away without a vaccine’. This blog is now closed, follow our new blog below

• Coronavirus live updates

1.45am BST

We are closing this blog now, but you can stay up to date with all the latest news on our new global live blog which you can find below.

Related: Coronavirus live news: global cases approach 4 million as US unemployment hits 14.7%

1.13am BST

New Zealand’s cabinet will meet on Monday to decide the future of the country’s tough but effective lockdown – though Kiwis have been told not to visit their mums this Mother’s Day.

Next week, Ardern’s government will plot a path back to something close to normality, meeting to decide a timetable for the removal of social and business restrictions. The prime minister has already released what level two restrictions will look like, including the re-opening of restaurants, hairdressers, gyms, cinemas and public facilities like museums and libraries.

Social restrictions could end immediately, with provisions for schools, business and personal movement more likely to be phased in.

Any decision will come too late for Kiwi mums to enjoy visits from sons and daughters not already in their household bubbles. Ardern has banned socialising outside of existing households, with few exceptions, and told Kiwis this week to “stick to the plan” ahead of Monday’s review.

Germany’s top coronavirus expert says children play as big a role as adults in spread

• Coronavirus – latest updates
• See all our coronavirus coverage

More countries across Europe are preparing to reopen schools in the coming weeks despite conflicting advice from scientists, some of whom caution against underestimating children’s potential to spread the coronavirus.

Some schools and nurseries in Denmark and Norway have already reopened, and grandparents in Switzerland are allowed to hug grandchildren under 10, following a ruling by the health ministry’s head of infectious diseases that it is safe to do so.

London embassy contradicts health minister as visitors could face 14-day confinement even if asymptomatic

• Coronavirus – latest updates
• See all our coronavirus coverage

French officials have announced that Britons and those from European Union member states will not be placed in 14 days mandatory quarantine if they travel to France, as suggested by the country’s health minister.

In what appeared to be a direct contradiction of Olivier Véran’s statement on Saturday, the French embassy in London tweeted that the measure would not be imposed on those arriving in France from the UK or Schengen area.

Related: France to sell some of nation's antique furniture to support hospitals

US president again criticises Beijing as European countries prepare to ease lockdown

• Coronavirus – latest updates
• See all our coronavirus coverage

Donald Trump has said he is “very confident” there will be a vaccine for coronavirus by the end of the year, revising up his estimate of the final US death toll as several European countries prepare for a cautious easing of lockdowns.

The president used a Fox News “virtual town hall” on Sunday night to repeat his regular virus talking points, including that a vaccine was not far away, Covid-19 was China’s fault and the economy would not only recover but “grow like crazy”.

Related: Mike Pompeo: 'enormous evidence' coronavirus came from Chinese lab

Global coronavirus cases have surpassed 3.5 million with more than 247,000 deaths.

In New York, the centre of the US outbreak, an emergency field hospital erected in Central Park is set to close. Dozens of New Yorkers were fined for violating social distancing guidelines as they flocked to beaches and parks in balmy weekend weather.

China reported three new coronavirus cases, versus two the day before.

Japan’s state of emergency is expected to be extended until the end of the month.

France will not quarantine anyone arriving from the EU, the Schengen area or Britain due to the coronavirus.

New Zealand has reported no new coronavirus cases for the first time.

South Korea plans to ease a ban on some gatherings and events as long as they “follow disinfection measures”.

Brazil has become the first country in Latin America to report more than 100,000 cases.

The Iranian president, Hassan Rouhani, announced mosques will reopen across large parts of the Islamic republic after they were closed in early March.

Microsoft confirms key specs of games console plus new ‘Smart Delivery’ feature allowing one-size-fits-all game purchases

Microsoft has confirmed that its next games console, the Xbox Series X, will feature a 12 teraflops graphics processor, eight times more powerful than the Xbox One graphics chipset.

The announcement, made by the Xbox chief, Phil Spencer, via Microsoft’s Wire news site, confirmed recent rumours about the machine, which is launching this winter.

Related: Follow your Dreams: how the future of playing video games is making them

Related: Xbox chief: 'We discussed whether we should even do another console'

From FaceTime to Houseparty, there is no shortage of platforms for work and play as you shelter in place

With offices and schools around the world temporarily shut amid the coronavirus crisis, the video platform Zoom has seen overnight success. But growing concerns over security across the platform have many consumers wondering about tech alternatives.

Privacy-minded consumers should consider video chat options carefully, said Arvind Narayanan, an associate computer science professor at Princeton University who has been outspoken about the security concerns surrounding Zoom.

Related: ‘Zoom is malware’: why experts worry about the video conferencing platform

As businesses start to reopen, many are wondering if they can be legally responsible if someone gets sick. CNBC's Ylan Mui reports on liability protection efforts.

Ken Rogoff, Harvard University professor of public policy and economy, joins 'Power Lunch' to discuss the possibility of negative interest rates.

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. Today, CNBC's Kate Rooney also takes a look at the widespread layoffs hitting the lucrative tech sector and start-up scene.

The April jobs report is expected to show the worst unemployment rate since the Great Recession. Michelle Girard, chief U.S. economist at NatWest Markets, and Beth Akers, senior fellow at the Manhattan Institute, joins "Squawk Box" to discuss what they expect.

As economic data deteriorates, the stock market is substantially off its March lows, and the Nasdaq is now flat year-to-date. Peter R. Orszag, CEO, Financial Advisory, Lazard, joins "Squawk Box" to discuss the disconnect, the reopening of America and what might never return to normal.

CNBC's Steve Liesman breaks down the April jobs report, which came in at 20.5 million nonfarm payrolls lost in the month. This is the most historic job loss within a single month.

San Diego mayor Kevin Faulconer joins "Squawk Alley" to discuss the process of reopening cities and keeping infections down.

The winger, who was part of the Guardian’s first Next Generation in 2014, talks about rebuilding his career after being released by Southampton

Harley Willard made one of those sliding-doors decisions that can turn anyone’s life around last December. He had arrived at Heathrow airport, packed and ready for the 14-hour slog back to Phnom Penh, and at that point another season at the Cambodian club Svay Rieng felt like a trade-off he could just about stomach. The football there offered few real prospects but he had enjoyed the lifestyle and, after such an uncertain year and a half since leaving Southampton, surely his happiness was the most important thing.

Related: Next Generation: after five years, how has our first full class of picks fared?

A radical solution is needed and the PFA has the money and the power to step in and help clubs that have no income for the foreseeable future

Last month I said the EFL was entering the most critical period in its history as it struggled to respond to the abrupt cessation of football. What we have seen since has elegantly illustrated the game’s inability to act decisively to protect professional football’s future. This is not a criticism of the individuals involved in negotiations, who are trying their best, but reflects structural flaws that prevent cohesive action. Put simply, it is clear the EFL and Professional Footballers’ Association cannot bring the key counter-parties to the table.

The first phase was characterised by the fight for cash given the disappearance of gate-related income. Although there was relatively swift agreement that a player wage deferral would help, it has been left to clubs and players to agree arrangements. Some players have deferred, some have not, and and the scale varies from club to club. The outcome was, in my view, too little and too late for many clubs.

• Pardew departs Dutch club after just eight games in charge
• Assistants Chris Powell and Paul Butler also leave the club

Alan Pardew has left his position as the manager of Eredivisie club Den Haag by mutual consent, days after the Dutch season was cancelled.

Pardew was appointed in December and tasked with saving the club from relegation. The 58-year-old was unable to lead them out of the relegation zone, but the team were reprieved when the season was scrapped because of the coronavirus pandemic.

• Team issues joint statement before planned return to training
• La Liga: ‘Playing football safer than going to supermarket’

Eibar have become the first La Liga side to publicly express concerns about the planned return to training, and have called for “responsibility” from league officials.

Clubs in Spain’s top two division are due to start individual training this week after testing for Covid-19 with matches behind closed doors planned for June. But in a strongly worded joint statement, the Basque club have raised doubts about the plan.

• Video call to follow league shareholders meeting on Monday
• Coronavirus testing plan still to be approved by clubs

Top-flight players are to hold talks with Premier League executives next week, before any attempt to restart the football season can be signed off.

Players are to be given the chance to air any concerns over Project Restart in a video-conference call likely to include representatives of all 20 clubs.