EDITOR'S NOTE
Some not-so-small businesses, with publicly traded stocks, are beating mom and pop in the race for emergency funding from the government's Paycheck Protection Program.
CNBC's Tom Franck reports that at least $243.4 million of the program's $349 billion went to publicly traded companies. Research from Morgan Stanley shows that several of these companies have market values well over $100 million.
“I think you’ve seen some pretty shameful acts by some large companies to take advantage of the system,” Howard Schultz, former Starbucks chairman and CEO, said Tuesday on CNBC, advocating for small businesses. 
The Senate on Tuesday approved another $310 billion for the Paycheck Protection Program, $60 billion of which is for small lenders. But like the old saying goes, big dogs eat first.
Stocks fell again on Tuesday as odd trading patterns continued to wreak havoc in the oil futures market. A key exchange-traded fund for oil futures, the U.S. Oil Fund, made structural changes to avoid collapse, CNBC's Pippa Stevens writes.
It's tough to imagine an oil price rebound with the world's economies closed for business amid the coronavirus pandemic.
"Oil is a residual issue of the broader global 'stay at home' and this situation will not change until Western nations and US states begin opening up," said Tom Lee, head of research at Fundstrat Global Advisors. "And they cannot open up until each jurisdiction feels they have a handle on the healthcare crisis.”
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