Alicia Levine, BNY Mellon chief investment strategist, and David Rolfe, Wedgewood Partners CIO, join 'Power Lunch' to discuss the state of the markets as stocks continue to rally on optimism the economy will open.

Douglas Holtz-Eakin, American Action Forum president, joins 'Power Lunch' to discuss the rise of corporate and household debt surging amid the Covid-19 pandemic.

As businesses start to reopen, many are wondering if they can be legally responsible if someone gets sick. CNBC's Ylan Mui reports on liability protection efforts.

Norweigan Cruise is down 20 percent. Matt Maley of Miller Tabak, and Danielle Shay of Simpler Trading, discuss their forecast for the stock with Seema Mody.

WeWork co-founder Adam Neumann is now suing his ontime ally SoftBank. Maureen Farrell, WSJ, and CNBC's Deirdre Bosa join 'Power Lunch' to discuss if WeWork can withstand this and how it will impact the company.

Parsley Energy CEO Matt Gallagher joins 'Power Lunch' to discuss Parsley Energy's positive quarterly earnings despite the Covid-19 pandemic. He also speaks on the company's production and the state of the oil industry.

Eric Marshall, Hodges Capital Management portfolio manager, and Lori Calvasina, RBC Capital Markets head of U.S. equity strategy, join 'Power Lunch' to discuss what the economic data is indicating to investors.

Brent Beardall, WaFd Bank CEO, joins 'Power Lunch' to discuss the state of the Paycheck Protection Program and how many PPP loans the bank has processed.

Ken Rogoff, Harvard University professor of public policy and economy, joins 'Power Lunch' to discuss the possibility of negative interest rates.

The Nevada Gaming Commission has just set guidelines for casino reopenings. Jay Snowden, Penn National Gaming CEO, joins 'Power Lunch' to discuss their guidelines for reopening and partnership with Barstool.

Even though you may have seen a drop in income this year due to Covid-19, you could face a tax bill next year if you're receiving unemployment benefits. CNBC's Sharon Epperson reports on how to avoid the hit.

More than 20 million jobs were lost in the month of April. Tom Gimbel, LaSalle Network CEO, and CNBC's Steve Liesman join 'Power Lunch' to discuss the state of U.S. jobs and when a recovery could happen.

Marc Morial, former mayor of New Orleans and CEO and president of the National Urban League, discusses the worst U.S. jobs loss since the end of World War II and the groups that are struggling the most.

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. Today, CNBC's Kate Rooney also takes a look at the widespread layoffs hitting the lucrative tech sector and start-up scene.

The FDA has approved Moderna's coronavirus vaccine candidate for a phase 2 trial, something the company calls a crucial step in its timeline. Moderna CEO Stephane Bancel joins "Squawk Box" to discuss.

Ed Yardeni, president of Yardeni Research, and David Kelly, J.P. Morgan Asset Management's chief global strategist, join "Squawk on the Street" to discuss the historic April job loss and what it means for markets.

CNBC's Tyler Mathisen is joined by Vital Connect CEO Peter Van Haur to talk about how the company's VitalPatch product just got FDA approval to monitor coronavirus patients.

"We need to acknowledge that good things can still happen without going into denial about all the bad things that are currently happening," the "Mad Money" host said.

Airbnb is one of the many businesses in the travel industry that has been hit hard by the coronavirus pandemic. In March of 2017, Airbnb was valued at $31 billion. By the end of April 2020 that value dropped to $18 billion. With the threat of more cancelations as the pandemic halts the travel industry, guests, hosts and investors alike are left asking what Airbnb will look like after the novel coronavirus pandemic, or whether the company will survive at all.

The objections to restart plans are understandable and the game should pay attention, but ultimately clubs need to play games to survive

With each week the plans become a little more refined and with each week any final decision is pushed back. Football may return, and this is how it may look if it does, but nobody is sure, and any proposed date can only be provisional. Which is as it should be. In an age that often favours decisiveness over the decision itself, there is something vaguely comforting about a process that accepts the wisdom of waiting.

But in the background there is a crucial, nagging voice, and what it is saying is this: if football isn’t prepared to return, at least initially, in a form very different to the one it took before the virus, it may not return for a very long time – and for many clubs that means never.

• Dossena and Vialli settle one of the greatest games in Serie A history
• The Forgotten Story of ... Sampdoria’s only scudetto

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Related: The forgotten story of … Sampdoria's only scudetto | Rob Smyth

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Before the 1986 World Cup my brother and I had nearly 100 stickers of the Hungarian and we wanted him to lose, badly

Before the internet ruined the World Cup there was wonder in ignorance. You could look forward to discovering great players and teams about whom you knew next to nothing. In 1986 my brother and I hoped the tournament would be all about some Hungarian called Zoltan Peter. Our reason was bad.

All we knew about Peter was his name and his face because he seemed to be in every pack of Panini stickers we bought. Every time we removed that shiny wrapper there he was, seemingly mocking us with his Lego-man hairdo and the haunting expression of someone who knew there is no problem so grim it cannot be made worse.

This week’s roundup also features Monica Seles, the Windies and a bust-up between Souness and Dunphy

1) Gianfranco Zola at Chelsea. Zola at Napoli. And more of Zola in Serie A.

Gianfranco Zola making life difficult.

Our #OldSkoolSkillSkool feature on Chelsea TV is not to be missed... https://t.co/LSJmrcH0j2 pic.twitter.com/YbUgB1olE4

A radical solution is needed and the PFA has the money and the power to step in and help clubs that have no income for the foreseeable future

Last month I said the EFL was entering the most critical period in its history as it struggled to respond to the abrupt cessation of football. What we have seen since has elegantly illustrated the game’s inability to act decisively to protect professional football’s future. This is not a criticism of the individuals involved in negotiations, who are trying their best, but reflects structural flaws that prevent cohesive action. Put simply, it is clear the EFL and Professional Footballers’ Association cannot bring the key counter-parties to the table.

The first phase was characterised by the fight for cash given the disappearance of gate-related income. Although there was relatively swift agreement that a player wage deferral would help, it has been left to clubs and players to agree arrangements. Some players have deferred, some have not, and and the scale varies from club to club. The outcome was, in my view, too little and too late for many clubs.

• President calls for resumption of football despite crisis
• Brazil has more than 5,900 deaths due to the coronavirus

Brazil’s president Jair Bolsonaro wants to see football competitions restart soon despite the country’s high number of coronavirus cases, arguing that players are less likely to die from Covid-19 because of their physical fitness.

Bolsonaro is one of the few world leaders that still downplays the risks brought by the coronavirus, which he has likened to “a little flu”.

• Claims of abuse by Yves Jean-Bart at national centre
• Jean-Bart denies all allegations made against him

The president of the Haitian football federation has been accused of sexually abusing young female footballers at the country’s national training centre.

Yves Jean-Bart, known as “Dadou”, the president of the Fédération Haïtienne De Football (FHF) since 2000, denies accusations that he coerced several players at the Centre Technique National in Croix-des-Bouquets into having sex. The alleged incidents are understood to have taken place within the last five years.

Spurs’ former scout David Webb tells the story of how four supremely shrewd acquisitions helped take the team to the Champions League final

The anniversary falls on Friday. In the second extraordinary semi-final comeback in as many days, Tottenham overcame Ajax courtesy of a 96th-minute winner from their most recent recruit. A year and a half into his Spurs career, Lucas Moura completed his hat-trick. It was an advertisement for enforced continuity, an antidote to the obsession with spending as the only team in the top five European leagues to go through the season without signing anyone became Champions League finalists.

But it was not entirely true to call Tottenham the team without transfers. There was a golden age of recruitment under Mauricio Pochettino: not in 2018-19, but a seven-month spell in 2015 when Spurs brought in Dele Alli, Son Heung-min, Kieran Trippier and Toby Alderweireld all for less than £45m. Four years, and four top-four finishes later, each of a quartet which could have been valued at a combined £250m started the Champions League final.

A trip to Devon meant updates were via a classmate’s radio but it gave me my first real glimpse of the power of football

It seems a little odd pitching a game I’ve not seen for this series. I wasn’t at Wembley, I didn’t watch on TV and I didn’t listen to it on the radio. How, then, I hear you say, can the 1998 FA Cup final between Arsenal and Newcastle possibly be my favourite game?

I had always been an Arsenal fan, I didn’t have a choice. I grew up in a council flat in Hackney where if you left the windows open on matchdays you could faintly hear the Highbury goal celebrations. I went to a primary school in Islington. My dad supported Arsenal, so did my grandad.

• Manchester City defender admits visiting sister and parents
• Club will not discipline him due to extenuating circumstances

Kyle Walker believes he is being harassed by the media after contravening lockdown rules again when visiting his parents and sister, with Manchester City deciding against disciplinary action due to extenuating circumstances.

The Sun reported that Walker travelled to Sheffield on Wednesday to visit his sister and parents. This came after the defender apologised following a report he held a party at his house with two sex workers present last month, breaking lockdown rules.

• Some of them may not be mentally ready because of Covid-19
• ‘You wouldn’t hold anything against them,’ manager says

Ole Gunnar Solskjær says he would not force any Manchester United footballer to play if they did not feel “mentally ready” due to concerns about coronavirus.

The Premier League hopes to get the go-ahead for a mid-June return and Solskjær has all his squad back in the country for a potential resumption of training. Yet the manager is conscious some may have reservations about doing so.

• Statement dismisses Rangers complaints as ‘self-serving’
• Proposals for three-tier league system are abandoned

Directors of the Scottish Professional Football League have snapped back at allegations raised in a dossier issued by Rangers and urged clubs not to back calls for an independent investigation into the handling of a vote to abandon this season.

Rangers, who last month called for the suspension of the SPFL’s chief executive and legal adviser, distributed an extensive document to fellow league members on Thursday as they seek to win the 75% support needed at Tuesday’s extraordinary general meeting to trigger an inquiry. Rangers raised a series of questions over the conduct and governance of the SPFL, whose board was firm in its recommendation the season vote should pass.

In an empty stadium with strict coronavirus protocols enforced, probably the first spit- and snot-free match in football history drew legions of online fans to South Korea

So football is back. Jeonbuk Motors and Suwon Bluewings opened the coronavirus-delayed K-League season in an empty stadium in the south-west city of Jeonju on Friday evening and for legions of online fans around the world, starved of football by the pandemic, the exertions were a sporting balm. It is fair to say that no football match played on South Korean soil had attracted this level of international interest since the 2002 World Cup finals.

With the exceptions of Belarus, Burundi, Tajikistan and Nicaragua, the global game has been at a virtual standstill, presenting the K-League with an opportunity to fill the hole left by the postponement or cancellation of all other major competitions.

Figures from across the men’s professional game including managers, players and a scout, discuss how football will alter

When life has finally returned to normal, I think football will change for the better. We should see the reversal of a power balance that has swung the wrong way for too long, switching it back in favour of the clubs. I would certainly expect that to happen in the divisions below the Premier League, where the financial implications of Covid-19 are hitting particularly hard. Players and agents will have to lower their expectations, and we will see fewer instances of football clubs being held to ransom over deals and contracts.

• Scott Duxbury: ‘How is there any semblance of fairness?’
• League would ‘bear no resemblance to the one we started’

Watford have joined Aston Villa and Brighton in voicing objections to the Premier League’s plan to play out the season at neutral venues on police advice, claiming it would be unfair to relegate clubs on the basis of a competition that “bears no resemblance to the one that was started”.

Sitting just above the bottom three when the league was suspended and uncomfortably aware Villa could leapfrog them if they play and win their game in hand, Watford were due to play five of their remaining nine fixtures at Vicarage Road and feel that being deprived of home advantage could affect the number of points they gather.

Peruvian politician and diplomat who served for two terms as the UN secretary general and helped to end the war between Iran and Iraq in the 1980s

Javier Pérez de Cuéllar, who has died aged 100, was a cautious and conservative Peruvian diplomat who became the secretary general of the United Nations for two terms during a difficult and dismal decade from 1982. He also served, briefly, as prime minister of Peru in 2000-01.

As secretary general, Pérez de Cuéllar faced a series of global crises, including the Iraqi invasion of Kuwait in 1990 and the subsequent Gulf war, and he had to deal with the difficulties caused by the permanent hostility of the Ronald Reagan administration to the UN, as well as the consequent failure of the Americans to pay their dues.

Chef and restaurateur who, with his brother, Albert, transformed the British dining experience

The chef Michel Roux, who has died aged 78, was the younger half of the formidable partnership with his brother, Albert, that transformed the British restaurant scene in the late 1960s with their Michelin-starred restaurant Le Gavroche. Later, as sole director of the Waterside Inn, situated by an idyllic stretch of the Thames at Bray, Michel proved he was a chef’s chef. His menu was a statement of the most classic form of French cooking – nouvelle cuisine had no part to play. Luxury ingredients, many mousses and forcemeats, the finest of pâtisserie, were integral. Michelin soon recognised the quality and this restaurant gained three stars, perhaps the highest professional accolade available, in 1985, which it has retained for longer than any outside France.

From the outset, the Roux brothers’ style of cooking embraced wholeheartedly the standards and practices of classic haute cuisine while offering a refined interpretation of a more homely cuisine bourgeoise. The rapid success of Le Gavroche from its star-studded opening on Lower Sloane Street, London, in 1967, attended by Ava Gardner, Charlie Chaplin, Douglas Fairbanks Jr and a brace of marquesses, enabled the construction of a veritable empire, largely driven by the entrepreneurial spirit of Albert. The pair took in more restaurants, retail outlets, a restaurant supply business distributing produce shipped in from Paris markets, contract and outside catering, and production of vacuum-packed restaurant dishes. Michel was an integral part of this furious activity, while concentrating to an ever greater degree on the kitchen at the Waterside.

Comedian, actor and presenter of the long-running radio show The News Huddlines

For much of his long career, it could be a little difficult for people to get an exact fix on Roy Hudd, who has died aged 83. What was he – a comedian, an author, a radio satirist, a serious actor, a soap star, an archivist, or a leading authority on British music-hall and variety entertainment?

Hudd was all of these, but saw himself primarily as a man born too late to fulfil his dream of life as an old-style variety comic, which is how he started out in the late 1950s at the bottom of bills topped by artists such as the comic Max Miller and the male impersonator Hetty King.

One of the founders of the Northern Ireland Peace People and a joint Nobel laureate

The afternoon of 10 August 1976 in the Provisional IRA heartland of Andersonstown in west Belfast was hot and sunny. But, as ever, the ongoing conflict was being played out, this time with a British army patrol pursuing a suspect speeding car through streets busy with people shopping and walking.

At about 2pm, when the chase reached Finaghy Road North, soldiers opened fire on the speeding car, killing “Volunteer” Danny Lennon, the 23-year-old driver. His car immediately went out of control and veered on to the pavement outside a church. Before it careered to a halt against the railings, it had run down three children and their mother, Anne Maguire. Eight-year-old Joanne and her six-week-old brother, Andrew, died immediately while another brother, two-year-old John, died from his injuries the next day. Anne, after days in a coma, survived, but killed herself eight years later. Another son, Mark, aged seven, who was on his bicycle ahead of the family group escaped injury. A second person in the car fled the scene.

One of the great American country singers who had hits with The Gambler, Lucille and Islands in the Stream

Kenny Rogers, who has died aged 81, was a prolific hit-maker from the late 1960s into the 80s, and with songs such as Lucille, The Gambler and Coward of the County helped to create a bestselling crossover of pop and country material. “I did songs that were not country but were more pop,” he said in 2016. “If the country audience doesn’t buy it, they’ll kick it out. And if they do, then it becomes country music.”

Rogers’s knack for finding a popular song – he was modest about his own writing skills and preferred to pick songs from other writers – was unerring, bringing him huge hits with Don Schlitz’s The Gambler (1978), Lionel Richie’s Lady (1980), and, with Dolly Parton, the Bee Gees’ Islands in the Stream (1983) among many others. Though his record sales waned in the late 80s, he bounced back in his last years with three successful albums, The Love of God (2011), You Can’t Make Old Friends (2013) and Once Again It’s Christmas (2015). Altogether he recorded 65 albums and sold more than 165m records.

Folk singer whose TV appearances on The Frost Report in the 1960s made her a household name

In 1966, at the height of the folk music boom in Britain, David Frost’s satirical television show The Frost Report featured a young American folk singer whose thoughtful songs, strong voice, charm and good looks endeared her to audiences, turning her into a household name. Within a year, Julie Felix, who has died aged 81, was hosting her own television series, with an impressive list of special guests.

Having landed in England in 1964, Felix performed in folk clubs in London, including the famous Troubadour in Earls Court, and on the strength of a tape of her singing that was sent to Decca, she was signed to the record label. Living on the third floor of a Chelsea block of flats, she was on her way to her debut album’s launch when she met Frost, a fifth floor resident, in the lift. Frost tagged along and, impressed by her singing, persuaded the BBC to engage her for his forthcoming television series.

Illustrator who with the writer René Goscinny created the much-loved comic books featuring the exploits of Asterix the Gaul

On the balcony of a flat in Bobigny, near Paris, one afternoon in 1959, two men – the writer René Goscinny and the artist Albert Uderzo – were desperately seeking an idea for a comic strip. It had to be original, it had to be inspired by French culture and it had to be finished within three months, to go into the launch issue of a new magazine. Browsing through the history of France they settled on an idea that seemed full of possibilities: the history of the Gauls.

From their school days they recalled the name Vercingetorix and decided their chief characters’ names should also end in “ix”. Roman names would end in “us” and town names in “um”. That Eureka moment gave birth to Asterix the Gaul and a series of 38 books that have sold 377m copies in 111 languages, and have inspired 10 animated and four live-action films, a theme park and more than 100 licensed products.

Fast-talking comedian and impressionist who was one half of the TV comic duo Little and Large

The beaming, ebullient, fast-talking comedian and impressionist Eddie Large, who has died aged 78, having contracted Covid-19 while being treated for heart failure, was half of a double-act that partially eclipsed Morecambe and Wise on British television in the late 1970s and early 80s.

After years of success with the BBC had turned them into a national institution, Eric Morecambe and Ernie Wise were enticed to ITV in 1978, but through a combination of inferior scripts and Morecambe’s deteriorating health the switch proved to be a disappointment, and marked the decline of Britain’s top double-act.

American soul singer who enjoyed huge success with hits such as Lean on Me and Ain’t No Sunshine

The career of Bill Withers, who has died aged 81 of heart complications, followed an unusual trajectory. He did not try to enter the music industry until after he had spent nine years in the US Navy, leaving the service in 1965 and moving to Los Angeles two years later. By the time he released his debut album, Just As I Am, in 1971 he was 33, an age at which many pop careers have already been and gone.

But Withers made up for lost time. His album was packed with memorable songs, including Harlem and Grandma’s Hands, and entered the US Top 40. Ain’t No Sunshine, his first single, reached No 3 and became one of the landmark songs in his career, despite lasting a scant two minutes. Inspired by Blake Edwards’ gruelling 1962 film about alcoholism, Days of Wine and Roses, it has become an enduring anthem of loneliness and heartbreak.

Eccentric aristocrat and chatelain of the Longleat safari park who was a favourite of newspaper gossip columns

As the chatelain of Longleat, one of the grandest Tudor mansions in Britain, the Marquess of Bath, who has died aged 87 after contracting Covid-19, devoted his life to a remorseless and self-conscious campaign to preserve the English aristocracy’s reputation for eccentricity.

An imposing 6ft 5in figure with flowing shoulder-length hair and a straggly beard, colourful waistcoats, shirts and trousers, often topped with a fez, he was a tabloid favourite, not only for his picturesque appearance and peculiar artistic tastes but for his string of mistresses, whom he referred to as his wifelets (he reckoned there to have been around 74 of them).

Stage and screen actor best known for playing Pussy Galore in the 1964 Bond film Goldfinger and Cathy Gale in TV’s The Avengers

Many actors might have objected to being associated throughout their careers with a character called Pussy Galore. But Honor Blackman, who has died aged 94, revelled in the notoriety of the role of the aviator she played in the James Bond film Goldfinger (1964).

Having been knocked out with a tranquilliser gun by a hench- man, the first thing Bond (Sean Connery) sees when he regains consciousness is Blackman’s face leaning over him. “Who are you?”, he asks. “My name is Pussy Galore,” she says. “I must be dreaming,” he replies. Later, after trying a few judo moves on each other, they fall into a different kind of clinch.

British motor racing ace who, although he never won the world championship, inspired devotion in followers of the sport

He was content to be known, he often said, as the man who never won the world championship: a way of distinguishing him from those of lesser gifts but better luck who had actually succeeded in winning motor racing’s principal honour. But it was the manner in which Stirling Moss, who has died aged 90, effectively handed the trophy to one of his greatest rivals that established his name as a byword for sporting chivalry, as well as for speed and courage.

It was after the Portuguese Grand Prix on the street circuit at Oporto, the eighth round of the 1958 series, that Moss voluntarily appeared before the stewards to plead the case of Mike Hawthorn, threatened with disqualification from second place for apparently pushing his stalled Ferrari against the direction of the track after spinning on his final lap. Moss, who had won the race in his Vanwall, testified that his compatriot had, in fact, pushed the car on the pavement, and had thus not been on the circuit itself. Hawthorn was reinstated, along with his six championship points. Three months later, when the season ended in Casablanca, he won the title by the margin of a single point from Moss, who was never heard to express regret over his gesture.

In 1989 I directed a film for the Owen family, owners of British Racing Motors (BRM), for whom Stirling Moss drove in 1959. David Owen arranged for drivers to take part in three days of filming at Donington Park. Stirling was there to be reunited with his P25, a car he thought was the best the team had produced. His old skills were still in evidence as he sped around the Leicestershire circuit.

This pre-dated the revolution in onboard cameras, so Stirling had to drive with the recording equipment in his lap. Despite this handicap he never complained.

Tomie dePaola was ahead of his time in terms of environmental awareness and gender roles. One of the loveliest picture books that I read to my now 40-something children was his Michael Bird-Boy (1975), whose understanding of the role of bees and flowers in the process transformed the practices of Boss Lady, who ran the environmentally unfriendly honey factory. I still have a copy, and the drawings and words are glorious.

It was very telling that the footballer Norman Hunter was elected by his peers as the first Player of the Year. While defenders are often overlooked for this honour, hewas recognised by his fellow professionals for his skill, determination and consistently high level of performance, as when the England manager Sir Alf Ramsey selected him ahead of Bobby Moore in the 1973 World Cup qualifier against Poland.

He will always be remembered for his commitment to his teammates. After collecting his medal in the 1972 Cup final, Norman declined to join the immediate celebrations, but walked back down from the royal box to help his teammate Mick Jones, who was suffering from a dislocated shoulder, and they climbed the steps together.

Bob May and I met through the game of bridge at Sydney University in the 1960s and he never forgot the daring “psych” no trump bid he pulled off against the US national team.

When members of an exclusive Sydney chess club declined to appear until after dinner, Bob led the university team in breaking into the cupboards, setting up the boards and starting the clocks in their absence.