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Latest round of US China trade tensions is 'more posturing than reality': Strategist

Phil Blancato, CEO of Ladenburg Thalmann Asset Management, says "no one wants more economic pain" in this current environment, adding that he would be surprised if the current US China trade tensions escalate.




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Remdesivir will not be the main driver of Gilead's revenue: Bernstein

Ronny Gal of Sanford C. Bernstein says he thinks remdesivir will not be the most significant revenue contributor for Gilead Sciences over time. He also explains his rationale for raising the company's price target to $75 from $72.




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Didi's core ride hailing business is profitable, says president

Roughly 60% to 70% of Didi Chuxing's business has bounced back from the coronavirus crisis in China, says Jean Liu, president of the mobile app-based transportation firm.




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Even if China sells US treasuries, demand from other sources will keep the dollar elevated: TD Securities

According to Mark Mccormick of TD Securities, there lacks a realistic alternative in the currencies markets, so even if China sells U.S. treasuries, demand from other sources will come in and keep the U.S. dollar elevated for the next couple of months.




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Markets have priced in bad economic data, but not trade tensions: Strategist

Markets are unlikely to react to bad economic data in the second quarter, says Brian Belski of BMO Capital Markets, adding that any volatility seen near-term will be from a resurgence in U.S.-China trade tensions.




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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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US-China trade tensions are a 'renewed risk' for markets: Goldman Sachs

Initial optimism following the phase one trade deal has slipped a bit and the market is starting to price in "some greater concerns" about U.S.-China friction, over trade as well as the coronavirus crisis, says Timothy Moe, Goldman Sachs' co-head of macro research in Asia and chief Asia Pacific equity strategist.




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Why Renaissance Capital is cautious on Kingsoft's 'growth-at-all-costs' model

While there has been "quite a bit of interest" in Kingsoft Cloud's IPO filing, investors should be cautious about the high-growth tech company operating on negative margins and the generally poor performance of Chinese IPOs, says Kathleen Smith, founding principal of Renaissance Capital.




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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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US is reopening too soon and may see tepid recovery from virus crisis: Deutsche Bank

In contrast to the U.S., countries in North Asia and Australia had "very convincing containment" of the coronavirus crisis, making them more likely to achieve a "very sharp" economic rebound post-pandemic, says Deutsche Bank's Michael Spencer, chief economist and head of research for the Asia-Pacific.




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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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USAA chief: Coronavirus 'cabin fever' may be behind car crash uptick after initial steep decline

"The last couple of weeks we've seen a slight uptick in those rates, certainly not because stores are reopening," USAA CEO Wayne Peacock told CNBC.




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Ford and 3M begin shipping respirators to front-line health workers fighting coronavirus pandemic

About 90 United Auto Workers union members have assembled more than 10,000 respirators at a Ford plant near Flat Rock, Michigan.




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Michigan lawmakers lead congressional push to include auto industry in next stimulus bill

"The projected economic fallout for the (auto) industry is grave," reads the bipartisan letter signed by nine lawmakers from Michigan, Ohio, Tennessee, Texas and Alabama, all states with big auto manufacturing plants.




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Subway CEO defends franchise owners who applied for coronavirus small business loans

"We literally have 10,700 franchisees in the U.S., and on average they own two restaurants apiece," Subway CEO John Chidsey 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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This skincare company saw record sales in April even as coronavirus pandemic ravaged retail

The rise of virtual hangouts and work meetings hasn't been enough to stop the battering of the beauty industry as the COVID-19 outbreak has largely put in-person activities on hold. But the clean beauty market has been a bright spot.




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Kudlow says third round of PPP small business loans might be needed as demand soars

The second round of the Paycheck Protection Program launched last Monday and has so far provided over 2 million loans worth over $175 billion out of the total $310 billion Congress authorized in the latest relief package.




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Small business confidence crashes, revealing more Main Street carnage may lie ahead

Main Street confidence hit a record low in the Q2 2020 CNBC Small Business Survey, with the coronavirus causing a majority of entrepreneurs to fear permanent changes, including bankruptcy.




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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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'Shark Tank' investor Kevin O'Leary: 20% of small businesses that got federal loans will fail

The "Shark Tank" investor also tried to look at the bright side: "So 80% are going to make it, in my view. That means it was a great investment."




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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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Stocks just posted their best month in decades, yet most of Wall Street hates this rally

"History tells us that the odds of another deep decline are very, very high," one strategist said.




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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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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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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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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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Denver restaurant group owner: We're still unsure of what "reopening" looks like in this new reality

Frank Bonanno, the owner of the Bonanno Concepts restaurant group in Denver, discusses how the industry will attempt to reopen gradually Colorado lifts some lockdown measures, including transforming the dining experience.




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Rystad Energy: Global crude storage capacity may reach the top in about 3-4 weeks

Bjørnar Tonhaugen of Rystad Energy discusses what could potentially happen to oil prices when the U.S. and the world is projected to run out of viable physical storage capacity, potentially sometime in May.




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Lesko: The COVID-19 pandemic has basically been a gift to Amazon

Tim Lesko of Granite Investment Advisors says it's hard to imagine a better backdrop for Amazon, with the surge in online sales during the virus outbreak, and as for Apple, expectations weren't very high for iPhone sales this year, even before the pandemic.




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Morganlander: Would be a buyer in the markets right now of higher quality companies

Chad Morganlander of Washington Crossing Advisors discusses the factors behind the market's snap-back in April, and which stocks could continue to lead during the uncertainty from the virus pandemic.




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Why one of the nation's largest car dealers says sales have been improving in recent weeks

Bryan DeBoer, CEO of car dealer Lithia Motors, discusses how auto sales have trended during the COVID-10 pandemic, and how the company has adapted to accommodate potential car buyers, including home delivery and pickup.




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Emanuel: The market has tried to take bad economic news in stride

Julian Emanuel of BTIG discusses whether health data related to the virus pandemic has become the market's new economic data.




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Verrone: The leaders are still the leaders in this market

Chris Verrone of Strategas says the market fundamentals are stronger than many people suspect, even as it's still difficult to reconcile stock performance with the dismal economic picture.




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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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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 on Wednesday's rally: 'Remdesivir is just what the doctor ordered'

"This drug makes a big difference, especially if you were worried about a second wave of infections after we reopened the economy," the "Mad Money" host said.




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Estee Lauder CEO: 'Consumer finds a way to get the product they want,' as online sales grow double digits

"The consumer finds a way to get the product they want" and "found a way to buy our product online more than usual," Estee Lauder CEO Fabrizio Freda said.




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Clorox CEO boosts ad spend by $50 million as disinfectant demand surges amid coronaviurs pandemic

"We're investing in future capacities so that we're better equipped to meet the demand in future surges," Clorox CEO Benno Dorer said.




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Emergent Biosolutions CEO on Trump's wishes to develop a vaccine by year end — 'Nobody can guarantee anything'

"We're here ... doing everything we can to make sure that a vaccine and treatments are available as soon as possible," CEO Robert Kramer said.




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'She had the vision' — Marc Benioff credits Rhode Island governor for inspiring Salesforce's contact tracing tools

Salesforce CEO Marc Benioff said it was Rhode Island Gov. Gina Raimondo's idea to couple contact tracing with coronavirus testing as the software maker sought to launch Work.com.




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Warren Buffett's exit from airline stocks is a wake-up call for index investors, Jim Cramer says

"I recommend selling" some position in the S&P 500 index fund "if the [upward] streak continues," the "Mad Money" host said.




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Masimo CEO says its remote oxygen monitors were made to mitigate diseases like coronavirus

Masimo CEO Joe Kiani discussed how the medical device maker's telehealth systems can be useful in the fight against coronavirus.




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Many restaurants would 'shut down completely' under Tennessee's reopening guidelines, Jim Cramer says

"These rules are safe and healthy for the customer, which is great, but there's simply no way most restaurants can possibly obey them without going right out of business," the "Mad Money" host said.




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'It was suddenly Cyber Monday' — Etsy CEO says sales spiked 79% in April

"When the CDC changed its [face mask] guidelines ... we all of a sudden saw overwhelming amounts of demand come on to our site," Etsy CEO Josh Silverman told CNBC.




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Jim Cramer on Moderna vaccine-sparked rally: 'Let's not get ahead of ourselves'

"This market does have a tendency to bounce between unbridled optimism and total despair — no middle ground," the "Mad Money" host said.




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Hacked? Identity stolen? Here's what to do next

CNBC's Kelli Grant outlines how you can keep your identity safe from theft or fraud and what you can do should your private information become compromised.




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Circuit breakers suspended in China

CNBC's Eunice Yoon reports Chinese regulators have suspended market circuit breakers, according to the Shanghai Stock Exchange.