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A new 'Cold War' has begun as US-China tensions rise, says former White House official

A new Cold War is emerging from the ongoing U.S.-China geopolitical tensions, says Clete Willems, an Akin Gump partner and former White House official. He cites the "growing frustration" with China's economic policies and resistance to investigations for its alleged coronavirus involvements.




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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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Singapore aims for sustainable measures in 'long fight' against the coronavirus: Minister

Singapore needs sustainable measures in its "prolonged battle" against the coronavirus, so that the country can ease out of its "circuit breaker" period to resume normal activities safely, says Lawrence Wong, second minister for finance, minister for national development and co-chair of the multi-ministry taskforce on Covid-19.




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Uber and Lyft unlikely to see recovery anytime soon, says analyst

Angelo Zino of Equity Research tells CNBC's Squawk Box Asia that Uber and Lyft will not likely see significant recovery until a vaccine is found amid the uncertainty of the coronavirus pandemic.




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China needs a growth target to guide its stimulus measures: Citi

China should still set a growth target this year for the authorities to design a "sensible" stimulus package, says Liu Li-gang, Citigroup's chief economist for China, who adds that the country's unemployment rate risks exceeding 10% without aggressive fiscal stimulus.




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April job losses will be three times those from the GFC: Economist

Gregory Daco of Oxford Economics says he expects the U.S. unemployment rate to go up to 17% in April, reflecting a loss in income that will weigh on consumer spending and subsequent economic recovery.




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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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Nintendo's 2020 game pipeline is looking weak: Analyst

Despite the strong demand for Nintendo's Switch console and the breakout success of its "Animal Crossing: New Horizons" title, Kazunori Ito of Morningstar Investment Management Asia says he does not see a strong game pipeline for the company this year.




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Elon Musk says orders to stay home are 'fascist' in expletive-laced rant during Tesla earnings call

Tesla CEO Elon Musk lashed out at government stay at home orders as "fascist" in an expletive-laced rant on Tesla's Q1 earnings call.




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Mercedes-Benz reopened an Alabama auto plant. Here's how it happened

Daimler, which owns Mercedes-Benz, says it took "robust and best practice safety measures" to ensure that the reopening of the plant was safe for its 4,200 workers.




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Elon Musk's F-bomb rant against lockdowns reflects 'growing sentiment,' says Dr. Scott Gottlieb

"That's going to tug against what the governors have to do," the former FDA chief told CNBC. "We still face a pretty big epidemic in this country."




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Coronavirus could help Tesla retain EV lead as traditional automakers pare electric investments

Many of the new EVs that were supposed to enter the U.S. market to challenge the California carmaker this year are being delayed.




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Tesla tells furloughed workers to expect a week or more of unemployment

On Friday, Tesla braced its furloughed U.S. employees for at least another week of unemployment, wrapping up a wild week that included expletives and wild tweets from CEO Elon Musk.




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UK auto sales plummet to lowest level since 1946

Car sales for April have hit historic lows.




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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's Fremont plant will resume 'limited operations' on Friday

The plant will bring back around 30% of employees normally working on a shift.




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Ex-TARP watchdog says Washington is to blame for large companies receiving small business loans

"I mean, Congress went out of its way to carve out businesses that have more than 500 employees but are restaurants, chain restaurants," ex-TARP watchdog Neil Barofsky told CNBC.




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How this company totally transformed its business model to survive the coronavirus

Gargiulo Produce opened in 1929 as a vegetable cart going door to door to sell food. Now, the company sells online to survive the coronavirus shutdown.




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Clock ticking for small businesses squeezed out of government loans, now have a few months or less to survive, survey reveals

Only 13% of small businesses that applied for relief through the Paycheck Protection Program have received funding, according to the CNBC/SurveyMonkey Small Business Survey released Monday.




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Coronavirus fraud: Two New England men are first to be charged with scamming small business loan program

The men are charged with fraudulently applying for more than $500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak.




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This realtor became a trucker after the housing crisis and now pulls in six figures during the coronavirus pandemic

April Coolidge used to work in real estate but now she makes more money driving a truck than she ever did selling houses.




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Here's why restaurants reopening could be good news for summer jobs

Prior to the pandemic, a historically tight labor market was pushing employers to get creative to find and keep talent. Now, it's enhanced unemployment benefits that are causing a challenge.




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Wells Fargo will no longer accept applications for home equity lines of credit

Banks have been retreating from loans tied to housing as the coronavirus pandemic impacts home values and the creditworthiness of borrowers.




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This pregnant Goldman Sachs trader says Wall Street will never be the same after the coronavirus

After the coronavirus pandemic forced traders to work from home, Wall Street has gone virtual, leaning on tech platforms like Symphony and Zoom.




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NASA's billions of investment in SpaceX have been 'very beneficial,' agency chief says

NASA Administrator Jim Bridenstine believes the billions his agency has invested in Elon Musk's SpaceX have been well worth it.




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Putting the economy back together again: What the future holds for Americans

After the coronavirus pandemic passes, life will continue in many regards, but nothing will be the same and the economy won't return to the way it was, not for a long time.




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Jim Cramer says Buffett's sale of airline stocks makes him 'very concerned about the near term'

Cramer said that he viewed Buffett bailing on airlines as a sign that there were serious issues in the broader economy.




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Cramer says Trump can't raise tariffs on China with 30 million unemployed: 'That is 1932'

Cramer warned that the U.S. economy may be too weak to handle another trade spat with China and discouraged Trump from imposing new tariffs.




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Retail investors bought airline stocks even as travel slowed to a trickle, TD Ameritrade says

"I don't think you're buying these thinking that that business is coming back immediately," TD Ameritrade chief market strategist JJ Kinahan told CNBC.




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'Togetherness kills' — Cramer looks at stocks that will continue to suffer as social distancing remains

"Social distancing is going to be the answer why you have to sell certain stocks," CNBC's Jim Cramer said Tuesday.




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Cramer says the plant-based meat 'movement is happening' and investors better 'get on the bus'

"This is not blockbuster drug, but watch this trend. I think it's very exciting for investors," CNBC's Jim Cramer said Wednesday.




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Longtime bull Jeremy Siegel: March coronavirus swoon in stocks 'definitely going to be the low'

"I think 2021 could be a boom year. With the liquidity that the Fed is adding, unprecedented. It could be a really good year," the Wharton School professor told CNBC on Friday.




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Bankrate: Americans are still grappling with the enormity of the economic crisis related to the virus pandemic

Bankrate's Mark Hamrick discusses the findings of a new survey on how Americans are feeling about their financial health, more than a month into coronavirus stay-at-home measures.




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NYT: EU bows to pressure to soften criticism of how the Chinese government pushed disinformation about the coronavirus

New York Times reporter Matt Apuzzo discusses his piece on how Beijing moved to tamp down criticism from the West over its response to the coronavirus pandemic.




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Wieting: There is some visibility that six months from now economic activity will be higher than it is now

Steven Wieting of Citi Private Bank discusses whether the equity markets may be running ahead of themselves, given the many still-unknowns surrounding the COVID-19 pandemic.




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Jefferies: Boeing may have to shore up about another $15 billion in capital at some point

Sheila Kahyaoglu of Jefferies discusses the biggest issues facing Boeing right now, with much of production still halted due to the coronavirus pandemic.




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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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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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Realtor.com: Sharp drop in new listings in April, increase in time it takes to sell a home

Realtor.com chief economist Danielle Hale discusses the firm's latest housing trends report, including whether demand for home buying will return this summer if the U.S. can effectively contain the coronavirus pandemic.




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Top-ranked Barron's advisor on investment strategies amid the coronavirus outbreak and market volatility

Greg Sarian, CEO of Sarian Strategic Partners and one of Barron's Top 100 Advisors, says investors should prepare for more volatility, and discusses some tax strategies to employ as stock prices are still lower.




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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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Hali: Shoppers will be hesitant to go back to large stores unless they make some changes

Jane Hali, retail analyst and CEO of Jane Hali & Associates, discusses how the industry has to adapt to changes in consumer buying habits brought on by the coronavirus pandemic, and which chains may emerge stronger, and which could go away.




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Dow falls for the first time in 3 days, drops more than 200 points

The Dow fell as investors weighed the prospects of reopening the economy along with a dismal payrolls report.




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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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Virgin Media and O2 agree on $39 billion merger to create a new UK telecom giant

The combined group could put pressure on rival telecommunications firms BT, Vodafone and Sky.




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'Bubble' stocks like Beyond Meat and Peloton were supposed to blow up, but the opposite happened

Bubble-like tech stocks remain among the biggest winners this year, and their strength pushed the Nasdaq Composite into positive territory on Thursday.




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Web extra: Suze catches up with former producer

Suze catches up with former Suze Orman Show field producer Colby Gaines, one of the producers behind hit shows "Pawn Stars" and "American Restoration."




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Can I afford it? Hall of fame

Suze Orman remembers some the most memorable moments from her "Can I Afford It" segment.




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Cramer's lightning round: 'I have no long case for GM'

"Mad Money" host Jim Cramer rings the lightning round bell, which means he's giving his answers to callers' stock questions at rapid speed.




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Wall Street's 'incredibly strong month' is based on 'hope,' Jim Cramer warns

"Some of these hopes make more sense than others," the "Mad Money" host said.