Full interview with Labor Secretary Eugene Scalia on small biz loan program

Labor Secretary Eugene Scalia joins “Squawk Box“ to discuss the federal paycheck protection program for small businesses. Howard Schultz said Monday that he worries that many small restaurants and retailers may struggle to survive the coronavirus economic halt without additional help from the U.S. government. “If we don’t provide a backstop for the restaurants, I suspect that we could see a situation around the country in which approximately 30% or more of small, independent retailers and/or restaurants never reopen,” the billionaire former Starbucks CEO said on CNBC’s “Squawk on the Street.” Schultz said he hoped Congress and other public officials “are looking at ways to recognize that we must not only flatten the curve of the health crisis but we must begin to flatten the curve of economic despair.” The value of these businesses extends far beyond their top-line revenues, he stressed. “It’s employment. It’s vendors. It’s all the people who support them, not to mention