Italy, Belgium and Portugal are reopening some business activities on Monday as they take their first tentative steps to lifting their coronavirus lockdowns.

Total reported that first-quarter net profit came in at $1.8 billion, down from $2.8 billion over the same period last year.

Virgin Atlantic announced it will cut 3,150 jobs, becoming the airline to announce a reduction in headcount because of the coronavirus crisis.

In February, the European Commission estimated a 1.4% rise in GDP for the EU this year.

Greece might be spared from having to hit strict fiscal targets related to previous bailouts next year, a government official told CNBC, given the ongoing health and economic crises.

The streaming service pulled the episode hours after CNBC brought it to the company's attention, but Apple is yet to pull the same podcast.

Consumers reined in spending faster than expected in the first quarter, probably even before states issued stay-at-home orders.

These are the stocks posting the largest moves in midday trading.

Check out the companies making headlines after the bell.

The Shanghai Index is developing a classic test and retest pattern that often precedes a major trend reversal.

The initial upside target for the Nikkei 225 is the historical resistance level near 23,000, according to Daryl Guppy.

On the one hand the Australian market is making new 10 year highs, on the other, the Australian dollar has broken a long term uptrend and is rapidly moving towards 12-month, and potentially, two-year lows.

The pullback in oil prices takes place within the environment of a well-established uptrend, writes Daryl Guppy.

The market contradiction with the Australian dollar persists, writes Daryl Guppy.

"The fabric of America is being destroyed through this process." Here's why the former Trump administration official in charge of student debt is now calling for most of the debt to be canceled.

A majority of Americans think a recession is likely in the next year, but amid historically low unemployment and a record stock market, most voters say the 2020 election will not be about the economy, according to a new CNBC Invest In You survey on money and politics released Monday.

The SEC proposed a rule that would expand the pool of so-called accredited investors, who are permitted to buy investments such as private equity, hedge funds, venture capital funds and stock in start-ups.

Democratic presidential contender Michael Bennet wants to increase the top income-tax rate paid by the wealthiest Americans to 44%, which experts say exceeds that of other presidential hopefuls to date.

A payroll tax cut would benefit the richest Americans, while sending checks to each U.S. household to prop up the economy would favor the poor, according to a new analysis.

New York City businesses are struggling to make money and retain workers as the coronavirus continues to inflict economic pain.

Josh Brown, Ritholtz Wealth Management CEO, joins "Closing Bell" to discuss why he picks Lowe's and Home Depot as last chance trade.

Richmond Fed President Tom Barkin joins 'Closing Bell' to discuss how soon the U.S. could reopen the economy and the recent unemployment data.

Michael Binetti, Credit Suisse Analyst, joins "Closing Bell" to discuss markets.

Peter Cecchini, Cantor Fitzgerald global chief market strategist, joins "Closing Bell" to discuss markets.

Richard Trumka, President of the AFL-CIO, joins "Closing Bell" to discuss reopening the economy.

The registered investment advisor industry has attracted the attention of private equity investors, thanks to good growth, high profit margins, consistent cash flow and low capital needs.

Investors aren't the only ones watching Charles Schwab's acquisition of TD Ameritrade. Registered investment advisors also want to know what this smaller field of custodians means for their firms and the clients they serve.

Turning 65 is a big milestone in retirement due to Medicare eligibility. But if clients don't get their enrollment decision right, they could face costly penalties or higher medical expenses. Here's what advisors need to keep in mind — and what they need to think about if they want to loop in third-party expertise.

As 40% of advisors plan to retire within the next 10 years, young financial advisors can help fill the gap. Here's how established advisory practices are integrating younger generations into their teams.

While certain investors might share some commonalities, they also bring a variety of circumstances and financial individuality to the table that some advisors sort through before handing over investment advice.

Developing a niche, like working with millennial clients or widows, will become more imperative if financial advisors are to compete successfully.

While some of the underlying thinking behind the so-called 4% rule was prudent, it was hatched in an era in which interest rates were much higher, capital markets less volatile and, most important, Americans had shorter lifespans. Given today's market volatility and changed retirement landscape, it's safe to assume that the 4% rule may be obsolete.

While financial advisors must continue being proactive in helping clients maintain financial well-being during the coronavirus pandemic and downturn, the most effective advisors are managing their clients' emotional well-being, as well.

As Congress considers ideas in the coming weeks seeking to help America recover from the Covid-19 pandemic, the Insured Retirement Institute has proposed a five-point plan to help American retirement savers enhance their ability to save for retirement today and ways to strengthen their financial security for tomorrow.

Proactive planning can aid you in achieving short- and long-term financial needs and goals, especially in times of hardship like the current coronavirus pandemic.

The race is on for improved testing, treatment and a vaccine for Covid-19. One company is partnering with Microsoft to decode how the human immune system responds to the virus. Chad Robins, Adaptive Biotechnologies CEO and co-founder, joins "Squawk Box" to discuss ways to make testing more reliable.

Chegg CEO Dan Rosensweig discussed subscriber growth the education technology provider saw amid a coronavirus pandemic.

Kroger chairman and CEO Rodney McCullen joins "Squawk on the Street" to discuss reopening the economy, keeping store shelves stocked and more.

Mark Bristow, CEO of Barrick Gold, joins "Squawk Box" to discuss reopening the U.S. economy, demand for gold during the coronavirus pandemic and what the "new normal" may look like after the crisis ends.

George Whitesides, CEO of Virgin Galactic, joins "Squawk Alley" to discuss the company's earnings and outlook for the business.

Chris Nassetta, president and CEO of Hilton, joins "Squawk Box" to discuss company earnings, navigating the coronavirus crisis and more.

Kare Schultz, CEO of Teva Pharmaceuticals, joins "Squawk on the Street" to discuss the coronavirus pandemic and treatment.

PayPal reported a record amount of new active accounts added to its platform in April, but it saw a drop in quarterly profit as the Covid-19 pandemic weighs on consumer spending. PayPal President and CEO Dan Schulman, joins "Squawk Box" to discuss.

One of southern Africa’s biggest tourist attractions has seen an unprecedented decline this dry season, fuelling climate change fears

For decades Victoria Falls, where southern Africa’s Zambezi river cascades down 100 metres into a gash in the earth, have drawn millions of holidaymakers to Zimbabwe and Zambia for their stunning views.

But the worst drought in a century has slowed the waterfalls to a trickle, fuelling fears that climate change could kill one of the region’s biggest tourist attractions.

Related: Zimbabwe on verge of 'manmade starvation', warns UN envoy

Victoria Falls, on the border of Zimbabwe and Zambia, has slowed down to a trickle after an unprecedented decline in water levels, officials have said. Data from the Zambezi River authority showed water flow at its lowest since 1995, and well under the long-term average. 

The Zambian president, Edgar Lungu, said it was a stark reminder of what climate change is doing to the environment, yet some scientists are cautious about categorically blaming the climate crisis. Harald Kling, a hydrologist at engineering firm Pöyry and a Zambezi River expert, said climate science dealt in decades, not particular years, 'so it’s sometimes difficult to say: this is because of climate change because droughts have always occurred'

• Victoria Falls dries to a trickle after worst drought in a century

Marry Chiwenga accused of disconnecting Constantino Chiwenga’s life support machine

The wife of Zimbabwe’s vice-president, Constantino Chiwenga, has been accused of attempting to kill him by disconnecting his life support while he was undergoing treatment in hospital this year.

Marry Chiwenga, née Mubaiwa, was arrested at the weekend and appeared at Harare’s magistrates court on Monday where she was remanded in custody.

Legality of allowing Harare officials to interview those awaiting removal questioned

The Home Office faces a series of legal challenges over its decision to allow Zimbabwean government officials to interview people from the country who are seeking asylum in the UK.

The government was criticised earlier this year for working with the Zimbabwean state to accelerate the removal of asylum seekers after Robert Mugabe was forced from power, despite continuing human rights abuses in the country.

Related: Home Office criticised for accelerating removals to Zimbabwe

A woman’s descent into poverty provides a powerful finale to the Zimbabwean author’s trilogy

“You want nothing more than to break away from the implacable terror of every day you spend in your country – where you can no longer afford the odd dab of peanut butter to liven up the vegetables from Mai Manyanga’s garden.” This is the voice of Tambu, first encountered in the Zimbabwean writer Tsitsi Dangarembga’s much-praised 1988 book Nervous Conditions, a passionate, first-person account of a 1960s Rhodesian childhood scarred by the war of independence.

Now, in the final instalment in the trilogy, Tambu is middle aged and writing in an appropriately distanced second person. Dangarembga sets herself the challenge of writing about how alienated personhood becomes when life stories lose hope and in a country where effort is no longer followed by reward.

Women and children bear brunt as drought and extreme weather leave tens of millions short of food

Southern Africa is in the throes of a climate emergency, with hunger levels in the region on a previously unseen scale, the UN has warned.

Years of drought, widespread flooding and economic disarray have left 45 million people facing severe food shortages, with women and children bearing the brunt of the crisis, said the World Food Programme (WFP).

Related: Zimbabwe on verge of 'manmade starvation', warns UN envoy

Migrants trapped in dangerous conditions at frontiers, ports and transit camps

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Tens of thousands of migrants are trapped in dangerous conditions at frontiers, mines, ports and in transit camps across Africa after states shut their borders in an attempt to stem the spread of Covid-19.

Some have been abandoned by smugglers unable to take them further on their journeys to Europe or elsewhere. Others were returning home or moving across the continent in search of work when frontiers were closed in March.