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Spain reports uptick in daily coronavirus deaths; Australia plans reopening in 3 stages

Spain saw 229 new deaths related to Covid-19, up from 213 the day before.




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Trump shrugs off the brutal jobs report, focuses more on Michael Flynn case

Trump said he's not to blame after the Labor Department reported a devastating loss of more than 20 million jobs in the coronavirus crisis last month.




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It's critical we have cheap, rapid at-home testing for Covid-19, but that could take weeks or even months, experts say

Most experts agree that Covid-19 testing is vital to safely reopen the economy. But getting to scale presents challenges, they say.




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New York City partners with Salesforce on coronavirus contact tracing program, mayor says

Salesforce will deploy a call center as well as a customer relationship and case management system that will help the city track potential cases and isolate people before they become sick, de Blasio said.




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Could US LNG exports actually scare Russia?

Myron Brilliant, Executive VP & Head of International Affairs at the U.S. Chamber of Commerce, explains how increased U.S. LNG exports could impact Russia's standoff with Ukraine.




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Buying property with bitcoins

CNBC's Mary Thompson reports on bitcoin's biggest transaction thus far: a luxury villa in Bali.




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Relax, yuan won't depreciate further: BofA

Lu Ting, Greater China Economist at Bank of America Merrill Lynch, dismisses the possibility of the yuan falling to 6.4 against the greenback.




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MH370 was not hijacked: Ribbeck Law Chartered

Monica Kelly, Partner at Ribbeck Law Chartered, explains the firm's filing of a court petition against Malaysia Airlines and Boeing for the disappearance of the former's flight 370.




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World risks famines of 'biblical proportions' from pandemic, says UN

As many as 260 million people risk being on the brink of starvation as economies deteriorate and supply chains break down worldwide due to the coronavirus pandemic, says David Beasley, the United Nations World Food Programme's executive director.




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'This is the start of a new Cold War,' former Trump trade official says of rising US-China tensions

Among the latest disputes between the U.S. and China is the origin of the coronavirus, which has infected more than 3 million people and killed over 250,000 globally, data by Johns Hopkins University showed.




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Australian economy is starting its recovery phase, fiscal policy will influence it the most: NAB

Australia has started plans on re-opening its economy after a period of social distancing. Ivan Colhoun of the National Australian Bank suggests looking to fiscal stimulus to cushion the hit to their economy, and to keep an eye on how lower immigration may slow the economy in the long term.




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Medical supplies provided a boost for Chinese exports: Economist

Jian Chang of Barclays Asia Pacific says medical supplies are a key factor driving the increase in China's export numbers. Jian Chang also explores the worsening U.S.-China relationship in recent weeks amid the coronavirus crisis, with the trade agreement being a key focal point.




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I propose 'shelter in place' approach to fight the coronavirus: Vickers Venture Partners Chairman

Finian Tan, Chairman of Vickers Venture Partners proposes a "shelter in place" approach to combat COVID-19, which involves asking those 50 years and above to stay at home without exception, while allowing the rest of the population to go back to business as usual, including opening of businesses and borders.




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Cars could go completely driverless 'very soon,' says CEO of Chinese autonomous driving tech start-up

Currently, most regulations across various cities in China still require the presence of a safety driver in vehicles.




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Ferrari is now worth more than General Motors and Ford

Ferrari's market value surged to $30 billion Monday morning, more than the value of General Motors or Ford Motor.




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Fiat Chrysler to restart US production in two weeks after coronavirus shutdowns lead to $1.8 billion quarterly loss

Despite the "unexpected and unprecedented times" due to Covid-19, the company, said Tuesday that it and French automaker PSA Group "remain committed" to a previously announced merger of equals.




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This wartime law gives Trump exceptional power over US economy

President Trump has invoked a Korean War-era law to fight the coronavirus pandemic. The Defense Production Act gives the president extraordinary powers over the U.S. economy, which supporters of the move say is necessary to contain the disease.




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Tesla reportedly halts car production at Chinese factory

It's unclear why Tesla halted its operations at the plant that's normally operated six days a week. But the move means that Tesla isn't making any cars worldwide.




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These experts think Tesla's in a better position than other US automakers to survive the recession

The coronavirus pandemic has crushed the global economy, and a recession is inevitable in the U.S. as the Federal Reserve warns the second quarter will be much worse than Q1. The auto industry has been hit particularly hard as car sales tank. But here is why some experts say that Tesla is better off than other U.S. automakers to get through this downturn.




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Small business loans are not going proportionately to the hardest-hit areas, Fed study shows

States enduring the brunt of the Covid-19 crisis are receiving a smaller proportion of emergency small business loans, a Fed study found.




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Carl Icahn, who's made a large bulk of his fortune in energy, has a new play in the industry

Icahn's next energy bet could pay off through a takeover or a rebound in oil prices.




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Stew Leonard: There is going to be a meat shortage in the U.S.

Stew Leonard Jr., the CEO of the Northeast supermarket chain Stew Leonard's, discusses President Trump's order for meat processing plants to stay open, even despite concerns about coronavirus cases in some of those facilities.




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Liu: For everyday investors, it's important to focus on the light at the end of the tunnel

James Liu of Clearnomics discusses whether the markets are pricing in a quicker economic recovery than some of the most-dire estimates, and jumping on any positive news it can get.




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Campbell: Odds of some type of government support for oil industry are rising

Chris Campbell of Duff & Phelps discusses the likelihood of a bipartisan deal to support the U.S. oil and gas industry, which has been battered by the demand destruction caused by the coronavirus.




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Dwek: It's great we're restarting, but the level of growth we're going to get is nothing close to what he had pre-crisis

Esty Dwek of Natixis Investment Managers discusses market reaction to plans by U.S. states and some countries to reopen their economies, and whether stocks may be pricing in too much optimism.




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Serhant: Buyers are starting to come back to the New York City real estate market

Ryan Serhant of The Serhant Team and Nest Seekers International, and cast member on Bravo's "Million Dollar Listing NY," discusses the state of the New York City real estate market, and how residents are waiting out the pause caused by the coronavirus pandemic.




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UBS' Hodulik: Disney's next quarter is going to be dramatically worse than Q1

John Hodulik, telecom analyst at UBS, talks Disney's first-quarter results.




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Maley: It's going to be tough for the markets to rally much further

Matt Maley of Miller Tabak discusses how the markets appear to be driven by a small number of stocks, and says narrow markets are usually followed by further declines.




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Wharton's Jeremy Siegel declares end to the 40-year bull market in bonds

Wharton finance professor Jeremy Siegel expects the interest rate on bonds and inflation to significantly rise over the next several years.




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Fed's James Bullard says the jobs report on Friday will be one of the worst ever

Bullard's comments came minutes before ADP reported that private payrolls shed more than 20 million jobs in April amid coronavirus shutdowns.




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Wall Street is too optimistic as economies start reopening, Stephen Roach warns

One of the world's leading authorities on Asia is worried Wall Street is miscalculating China's efforts to reopen its economy.




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Nucor CEO sticks by dividend, predicts steel price bottom in second quarter

"We are optimistic that we'll see the bottom in Q2 and move out of that as we enter the third and fourth quarters," Nucor CEO




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Jim Cramer reacts to AMD, Starbucks, Boeing, GE and Alphabet earnings reports

The "Mad Money" host offered his thoughts on each companies' latest quarterly results and recommended multiple stocks for buys.




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Beyond Meat CEO looks to 'win consumers' over during meat supply shortage with 'value packs'

"We view this as a massive opportunity for us to drive trial and win consumers over into our segment," Beyond Meat CEO Ethan Brown said in a "Mad Money" interview.




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Facebook, Alphabet and Amazon are in a 'three-horse race' in advertising, Jim Cramer says

"With this latest quarter, they've pretty much become the only game in town," the "Mad Money" host said.




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North Korea claims H-bomb test successful

NBC's Bill Neely reports analyst in South Korea confirmed there was a test but it could take weeks or months to determine what exactly happened underground.




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When will restaurants and bars reopen? Here's what experts are saying

The outlook for U.S. restaurants in the near term is bleak, dominated by massive unemployment and closures, but Asia may provide a path forward.




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State Department quietly begins reopening amid coronavirus pandemic

The plan, entitled "Diplomacy Strong," includes policies on travel, telework, face coverings, as well as social distancing requirements for common spaces such as cafeterias.




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Coronavirus fallout: Here are the 16 department stores Nordstrom is closing permanently

Nordstrom announced earlier this week it will be permanently closing 16 of its department stores, after assessing each state that it operates in and the hit it is taking because of the coronavirus pandemic.




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Cramer praises Elon Musk for a 'magnificent' quarter, compares Tesla stock to Netflix and Amazon

CNBC's Jim Cramer said the rapid rise in Tesla shares reminds him of the stock trajectories of some of the most successful tech companies.




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Penn National's investment in Barstool Sports is 'going to be worth a ton,' Ron Baron says

Billionaire investor Ron Baron told CNBC's "Squawk Box" why he thinks Penn National's investment in Barstool Sports will be a success.




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Since 1990, this is how Dow, S&P perform in quarters that follow their worst drops

Since 1990, the Dow Jones Industrial Average and S&P 500 Index have bounced back in quarters that directly follow quarters when the S&P declined by 10% or more, according to market history.




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'We need to start saving individual people,' not just stockholders, says pension fund CIO

The chief investment officer of one of the country's biggest public pension funds said the government response to the coronavirus should be focused on supporting unemployed workers.




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Stop blaming short sellers for causing the market drops

Blaming short sellers is misguided. European countries have banned short selling but their markets continue to fall.




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Fed surprises market with program to support corporate bonds amid coronavirus pandemic

Under a program called the Secondary Market Corporate Credit Facility, the Federal Reserve will buy corporate bond and exchange traded funds.




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If you see an earnings estimate, it's probably wrong, given ongoing pandemic uncertainty

Companies have been slow to withdraw their earnings guidance, which makes estimating earnings for the S&P 500 nearly impossible.




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NYSE-legend Art Cashin gives his first comments on the coronavirus sell-off and when we recover

Cashin was in a car accident in early February (he was not driving) and has been recuperating. We spoke to him by phone from his home.




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Warren Buffett's daughter reportedly self-quarantines after potential coronavirus exposure

Susie Buffett sat next to someone who had just returned from a trip to Spain and subsequently rested positive for COVID-19, the Omaha World-Herald reported.




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The 5 stock-picking legends you must study up on to become a smarter investor

Phil Town, best-selling author and self-made millionaire, recommends reading these five stock market legends if you want to become a competent investor.




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Here's what to expect from Warren Buffett during Berkshire Hathaway's first virtual annual meeting

Berkshire's cash pile has left investors wondering whether Warren Buffett has found some attractive investments after the market's record plunge.