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Pentagon spends hundreds of millions of dollars in the fight against coronavirus

The Defense Logistics Agency, which manages the Pentagon's global supply chain, has executed 6,036 contract actions with $667.3 million in obligations for the coronavirus effort.




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Justice Department drops criminal case against former Trump aide Michael Flynn

The Justice Department dropped its criminal case against former national security advisor Michael Flynn, who admitted to lying to FBI agents about his conversation with a Russian diplomat.




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Former Ford CEO on what to expect from auto sales amid coronavirus pandemic

Mark Fields, senior advisor at TPG Capital and former CEO at Ford, joins "Squawk Box" to discuss how the auto market is weathering the Covid-19 pandemic.




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Airlines want relief from flying near-empty planes as passenger numbers hit lowest since the 1950s amid virus

Airlines want the government to loosen the amount of air service they're required to provide as the number of passengers on board hits the lowest since the 1950s.




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You might be surprised how much it costs to charter a yacht right now

With the cruising industry in tatters and the desire for remote travel greater than ever, chartering a yacht can sound appealing. Here's what you get for $5,000 to $150,000.




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Finally seeing some light at the end of the tunnel: European Travel Commission

Eduardo Santander, executive general of the European Travel Commission, shares his outlook for the European tourism industry amid the coronavirus crisis.




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WHO says 'there can be no going back to business as usual' after coronavirus pandemic

WHO warned there can be "no going back to business as usual" following the coronavirus pandemic, which has upended economies and wreaked havoc on nearly every country.




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WHO says it's in talks to send mission to China to investigate source of coronavirus

"The public health importance of this is critical because without knowing where the animal origin is it's difficult for us to prevent this from happening again," a WHO official said Wednesday.




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Investor fear of missing out is 'not a good sign' for markets, warns Morgan Stanley

Morgan Stanley Investment Management's Andrew Harmstone advises investors to keep their portoflio risk level low and maintain a defensive position while looking for opportunities to add value in an environment of "extremely high" volatility.




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Millions of 'easy-to-use' coronavirus tests will be available by end of summer, top US health official says

Americans need coronavirus tests "that do not require hours or days to determine results," the head of the NIH tells Congress.




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Before the pandemic, Americans prioritized paying down debt—now experts say you may want to hold off

Before the coronavirus pandemic shut down many parts of the U.S. and put millions out of work, Americans held an average of $26,621 in personal debt, excluding mortgages. Many prioritized paying that off. But now, those feeling the impacts of the coronavirus may need to think twice about their priorities, financial planners say.




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How Warren Buffett's son spent the $90,000 of Berkshire stock he got at 19—worth $200 million now: 'I don't regret it'

Rather than spending his Berkshire Hathaway stock inheritance on extravagant things (or allowing it to accrue in value), Warren Buffett's son says he used it to buy something "infinitely more valuable than money." And he has no regrets.




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Mark Cuban pitched Michael Jordan on joining the Mavericks in 2001 by promising he'd 'do whatever it takes to win'

In 2001, with the greatest-ever basketball player returning to the NBA, billionaire Mark Cuban tried to convince Michael Jordan to join his Dallas Mavericks instead of the Washington Wizards. It didn't work.




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These 3 Etsy shop owners have each sold hundreds of cloth face masks since the pandemic started

These three Etsy shop owners share what it's been like to sell protective face masks during the coronavirus pandemic.




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What Gabrielle Union is eating during the pandemic: 'I just eat whatever brings me joy'

From cinnamon rolls to pies made with real butter, Gabrielle Union gave Katie Couric the rundown on what comfort foods she has turned to during the Covid-19 pandemic.




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Fashion designer Rebecca Minkoff has advice for small businesses struggling through the pandemic

As co-founder and creative director of her own fashion line, Rebecca Minkoff understands the current struggles small-business owners are now facing — especially women. Here's her advice on how to survive.




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Melinda Gates on US response to pandemic caregiving crisis: 'I'm disappointed in what I've been seeing'

Billionaire philanthropist Melinda Gates shares her thoughts about the U.S. response to coronavirus and why solving the current caregiving crisis is crucial.




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5 couples share how the pandemic has impacted their spending

Now that many people are self-isolating, spending habits have changed. Here, five couples share how their spending has changed since the pandemic hit.




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Walt Disney's former Palm Springs 'technicolor dream house' on sale for $1 million – take a look inside

Located in Palm Springs, California, the "technicolor" property was built for Walt Disney and his wife, Lillian, in 1962, according to the listing.




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Elon Musk says coronavirus pandemic is 'practice run' for future viruses

Musk has been a vocal critic of how government and health officials are reacting to the coronavirus pandemic that's killed at least 73,431 people in the United States.




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Facebook, YouTube and other platforms are struggling to remove new pandemic conspiracy video

Platforms including Facebook, Alphabet's YouTube, IAC's Vimeo and Twitter are struggling to stay ahead of the spread of the "Plandemic" conspiracy video, which contains claims that defy the advice of medical experts.




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Tesla secures $565 million loan for Shanghai factory

Electric carmaker Tesla has entered into an agreement for a working capital loan of up to 4 billion yuan ($565.51 million) with a lender from China for its Shanghai car plant, according to a regulatory filing on Friday.




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Stocks making the biggest moves midday: Tesla, Facebook, Dunkin' Brands, Boeing, Moderna & more

Check out the companies making headlines in midday trading.




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In Milan, tall buildings covered in trees offer a glimpse of what urban living could look like in the future

Milan is home to the Bosco Verticale, or Vertical Forest, a striking development of residential buildings.




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Bioplastics developer raises $133 million in new funding in quest to replace single-use plastics

RWDC Industries, which makes a sustainable material solution that can be used as a substitute for plastic, raised $133 million in Series B funding.




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NHL Commissioner Gary Bettman: No COVID-19 in NHL reported yet

The commissioner says he would like to call this time a "pause" for the league instead of a suspension.




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MLB to offer compensation to minor league players affected by coronavirus work stoppage

Major League Baseball said it will offer financial assistance to minor league players affected by the work stoppage due to the coronavirus pandemic.




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Pop radio in decline, streaming on the rise: How the coronavirus is changing what we listen to

Instead of car radio, people calling on digital assistants like Amazon's Alexa and Apple's Siri to fire up some music while they cook.




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Kroger CEO: Customers will have meat during the coronavirus pandemic, so long as they are 'flexible'

The supermarket chain executive said Kroger is working with new meat suppliers and diverting meat that would have gone to restaurants to try to stay in stock.




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'Today's norm to tomorrow's everyday routines,' CVS CEO says the pandemic will change customers' shopping, health-care habits

The health-care company's chief executive, Larry Merlo, said trends that emerged during the pandemic, such as use of telemedicine and prescription delivery to the home, may continue to be popular.




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Kohl's CEO: Our real estate is an asset emerging from the coronavirus pandemic

Kohl's announced Thursday morning that it plans to have 25% of its stores reopened by next week.




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Stocks making the biggest moves midday: Lyft, Peloton, PayPal, Grubhub, T-Mobile & more

Check out the companies making headlines in midday trading.




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The meat supply chain is broken. Here's why shortages are likely to last during the coronavirus pandemic

Challenges with the country's meat supply chain will likely linger as long as the coronavirus pandemic does causing periodic shortages.




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Amazon and Microsoft trade barbs over JEDI contract appeal

The JEDI, or Joint Enterprise Defense Infrastructure, deal worth up to $10 billion has become one of the most tangled contracts for the Department of Defense.




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Chief Justice John Roberts pauses order requiring Trump administration to turn over Mueller docs to Congress

The order would have required the Trump administration to turn over to Congress secretive materials produced in connection with Robert Mueller's Russian probe.




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NYC real estate market under pressure as coronavirus pandemic halts sales

New York City is the nation's largest real estate market, and the pandemic has caused a number of deals to go bust. CNBC's Robert Frank reports.




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Mortgage bailout swells to 4.1 million borrowers, but demand is slowing

In the past week, 225,000 more borrowers took advantage of government and bank mortgage forbearance programs, according to data firm Black Knight.




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Stocks making the biggest moves midday: Tesla, Uber, MGM Resorts & more

Check out the companies making headlines in midday trading on Friday.




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Outback parent company Bloomin' Brands doubles down on takeout business after sales triple

Investing in delivery in recent years, including a rewards program and digital ordering, has paid off for Bloomin' in the long run and will continue to pay off going forward, Deno said.




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Consumer confidence plunges in April as millions lose jobs

The Conference Board said Tuesday that its confidence index tumbled to a reading of 86.9, the lowest level in nearly six years and down from 118.8 in March.




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Top ad firm outlines business sectors hit the most by the pandemic, and the ones that are faring better... for now

Sectors like health care or financial services have been less impacted by the pandemic so far, but Omnicom foresees demand for marketing services to decline as advertisers cut costs in the short term.




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Millions can't access unemployment benefits so actual job losses are likely greater than data shows

The number of Americans who have lost their jobs during the coronavirus pandemic could be even bleaker than official government data suggests.




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US GDP shrank 4.8% in the first quarter amid biggest contraction since the financial crisis

This marked the first negative GDP reading since the 1.1% decline in the first quarter of 2014 and the worst level since the 8.4% plunge in Q4 of 2008 during the worst of the financial crisis




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8-month 'structured lockdowns' could halve economic damage from the coronavirus, research claims

Researchers at Cambridge University and the U.S. Federal Reserve Board found that imposing no lockdown measures in the face of Covid-19 was "extremely risky" for developed economies.




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US weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks

Jobless claims for the week ended April 25 came in at the lowest level in a month but bring the rolling six-week total to 30.3 million as part of the worst employment crisis in U.S. history




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April's jobs report showing millions out of work looms large in the week ahead

In the week ahead, the April jobs report is expected to show the highest unemployment since 1939.




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Test, trace, isolate: Governments need to do these three things before reopening economies, expert warns

A global health expert and physician told CNBC that easing lockdowns without taking certain action would risk a second surge in coronavirus infections.




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US services sector posts biggest contraction since 2009 as coronavirus halts economic activity

The U.S. services sector contracted for the first time in about a decade last month as the coronavirus pandemic brought economic activity in the country to a near-screeching halt.




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US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report

Private payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a shutdown that took most of the U.S. economy offline, according to a report Wednesday from ADP.




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Moderna CEO says supply of coronavirus vaccine will be limited, US will help decide who gets it first

"We will all be supply constrained for quite some time, meaning we won't be able to make as many product as will be required to vaccinate everyone on the planet," CEO Stephane Bancel said on CNBC's "Squawk Box."