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Could Microsoft’s climate crisis ‘moonshot’ plan really work?

The tech giant’s pledge to go carbon negative by 2030 leans heavily on nascent technology such as machines that suck carbon out of the air

Microsoft drew widespread praise in January this year after Brad Smith, the company’s president, announced their climate “moonshot”.

While other corporate giants, such as Amazon and Walmart, were pledging to go carbon neutral, Microsoft vowed to go carbon negative by 2030, meaning they would be removing more carbon from the atmosphere than they produced.

It will cost them money, but it will allow the technologies to come online and for the next company to follow their footsteps

It’s extremely hard to lead if there’s no one there to follow

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Xbox Game Pass subscriptions hit 10 million

Pay-monthly service sees huge surge in players and gaming time due to Coronavirus lockdown

Microsoft has announced that its Xbox Game Pass subscription service has passed 10 million members. The initiative, which adopts a similar model to Netflix and other streaming platforms, gives subscribers unlimited access to more than 100 Xbox and PC games for a monthly fee.

Commenting on the figure, Xbox chief Phil Spencer said that use of Game Pass, as well as the company’s online multiplayer gaming service Xbox Live, had increased substantially in recent weeks due to Covid-19. “Since March, Xbox Game Pass members have added over 23 million friends on Xbox Live, which is a 70% growth in friendship rate,” he said. “Game Pass members are also playing twice as much and engaging in more multiplayer gaming, which has increased by 130%.”

We saw record engagement in gaming this quarter:
• Xbox Live has nearly 90 million monthly active users
• Xbox Game Pass has more than 10 million subscribers
• Project xCloud has 100s of thousands of active users in preview across 7 countries, with more coming

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Assassin’s Creed Valhalla among 13 games announced for Xbox Series X

Xbox livestream showcases new titles designed to support the advanced features of the forthcoming console

Microsoft has revealed 13 games coming to its Xbox Series X console when the machine launches this winter. In an hour-long presentation, streamed live on Thursday, the company announced that well-known titles such as the recently announced Assassin’s Creed Valhalla, as well as Madden NFL 21 and Yakuza: Like a Dragon, will all be on Xbox Series X.

Also featured was Paradox Interactive’s vampire adventure, Vampire: The Masquerade – Bloodlines 2. Codemasters presented its racer DiRT 5 complete with impressive lighting and mud splatter effects, and an option to run it in 4K at 60 frames-per-second or in a lower resolution at 120fps. Namco Bandai showed a new anime-style sci-fi thriller named Scarlet Nexus, about a group of psychic law enforcers.

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US Nasdaq index recovers all of 2020's losses triggered by Covid-19

Gains from the likes of Amazon, Netflix and Microsoft boosted the index as it turned positive

The technology-heavy Nasdaq index turned positive for 2020 on Thursday, boosted by gains in the share prices of companies such as Amazon, Microsoft and Netflix, which have fared well during the Covid-19 lockdown.

The US index caught up all this year’s losses, taking it back to its level at the beginning of January, after rising 1.4% on Thursday to 8,979.66. It ended last year at 8,972.

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Investors need to prepare for a slow and uneven recovery: RBC Capital's Lori Calvasina

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.




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Banks well positioned to withstand coronavirus crisis: WaFD Bank CEO

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.




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Recent rally has taken market to upper end of expected range: Koesterich

Russ Koesterich, BlackRock Global Allocation Fund portfolio manager, joins 'Power Lunch' to discuss the state of the markets amid the coronavirus pandemic.




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Dept. of Justice drops criminal case against ex-Trump advisor Flynn: AP

The Department of Justice has decided to drop the criminal case against President Trump's former national security advisor Michael Flynn. CNBC's Kayla Tausche reports.




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There is still value in the market: Matrix Asset Advisors CIO

David Katz, Matrix Asset Advisors CIO and Ron Insana, Schroders NA senior advisor, join 'Power Lunch' to discuss the state of the markets amid the coronavirus pandemic and the stocks they're watching.




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Minority job loss requires strong response in next CARES Act: Former New Orleans Mayor

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.




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NYC brokers expect real estate prices to fall up to 20%

Many real estate deals were renegotiated or cancelled when the world was placed on hold due to the coronavirus pandemic. CNBC's Robert Frank reports the numbers.




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April jobs report can shed light on how long the unemployment crisis could last, economist says

The April jobs report is expected to show the worst unemployment rate since the Great Recession. Michelle Girard, chief U.S. economist at NatWest Markets, and Beth Akers, senior fellow at the Manhattan Institute, joins "Squawk Box" to discuss what they expect.




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Futures point to higher open ahead of April jobs report

U.S. stock futures rose early Friday morning after more gains in tech led to the Nasdaq Composite erasing all of its losses for 2020. CNBC's Frank Holland reports.




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Moderna CEO on Covid-19 vaccine timeline, how it might be distributed and more

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.




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Why the markets and economy are diverging during the pandemic

As economic data deteriorates, the stock market is substantially off its March lows, and the Nasdaq is now flat year-to-date. Peter R. Orszag, CEO, Financial Advisory, Lazard, joins "Squawk Box" to discuss the disconnect, the reopening of America and what might never return to normal.




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Uber CEO Dara Khosrowshahi on earnings, assisting drivers during pandemic and more

Uber reported its biggest loss in three quarters, but shares of the ride-hailing giant on the rise after pointing to early signs of recovery in different markets across the globe. Uber CEO Dara Khosrowshahi joins "Squawk Box" to discuss.




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US economy loses 20.5 million jobs in April, raising unemployment rate to 14.7%

CNBC's Steve Liesman breaks down the April jobs report, which came in at 20.5 million nonfarm payrolls lost in the month. This is the most historic job loss within a single month.




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Wharton's Jeremy Siegel on why historic April job losses aren't impacting stocks

Jeremy Siegel, finance professor at the University of Pennsylvania's Wharton School, joins "Squawk Box" to discuss the April jobs numbers and what the data means for the U.S. economy.




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Carrier CEO on first-quarter earnings, coronavirus impact, demand and more

David Gitlin, president and CEO of Carrier Global, joins "Squawk on the Street" to discuss the company's first-quarter earnings, how the pandemic has impacted business, his expectations for future demand and more.




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Why BMO's Brian Belski says the market has more room to run

CNBC's "Halftime Report" team is joined by BMO's Brian Belski to discuss his investment strategies amid the coronavirus pandemic.




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FDA authorizes VitalPatch for monitoring Covid-19 patients—Here's how it works

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.




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Impossible Foods CEO on how meat shortages are driving demand for plant-based products

CNBC's Aditi Roy talks about meat shortages in the U.S. and the growing demand for products like Impossible Foods with the company's CEO Pat Brown.




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Labor Secretary Scalia on April jobs data: These are very difficult numbers for us to see

CNBC's Tyler Mathisen talks about the historic job losses in April with Labor Secretary Eugene Scalia.




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The Fed's fight against Covid-19 and another financial crisis

As the novel coronavirus began to take hold on the United States, the Federal Reserve made a number of quick policy actions. The Fed slashed rates to nearly zero, announced a slew of asset purchases, and more, in an effort to stave of economic devastation as businesses shuttered and millions of Americans lost their jobs. Here's what the Federal Reserve has done to preserve a financial system rocked by a global pandemic.




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Why American farmers are dumping milk

Across America, dairy farmers have dumped countless gallons of fresh, entirely usable milk, because there is no one to buy it. The shelter-in-place orders given by governments around the country in response to the coronavirus pandemic have shuttered big customers such as restaurants and schools and kept people at home. About 50 percent of the milk produced in the United States goes to restaurants and other food service operations, according to the National Milk Producers Federation.




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Betrayal and bombast: the surreal story of the Terry v Bridge saga | Jonathan Liew

More than a decade on, fact and fiction remain entangled in the tale of former teammates turned enemies. The human core of the entire episode, though, is not a footballer

Officially, nothing happened. This is, by the way, no minor detail: to this day Vanessa Perroncel fervently denies that any affair took place between her and John Terry in late 2009, and she has the printed apologies and legal documents to back it up. Normally this bit is begrudgingly buried at the bottom of the piece. But it’s worth dwelling on, if only because it forces us to confront the vast, incalculable gulf between what we definitively know and what, over the years, we’ve simply assumed.

A decade on, fact and fiction remain knottily entangled. Over time, the story of how Terry and his former friend and Chelsea teammate Wayne Bridge found themselves at the centre of one of English football’s most hysterical scandals begins to feel surreal, perhaps even a touch unreal: a bad memory that most would prefer to pretend never happened.

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The Serie A team of the 2000s

After building their team of the 1980s and 1990s, the Gentleman Ultra have taken on the 2000s

Following the publication of our Serie A team of the 1980s and 1990s articles, it was only natural we would tackle the 2000s next. After the golden era of the 1990s, the 2000s had a lot to live up to – and it had it all. As well as showcasing some incredible footballing talent, the 2000s gave us the Calciopoli scandal, a debt crisis that threatened to bury the Italian game and a World Cup triumph for the national team. After compiling a shortlist, asked our Twitter followers to choose one player for each position. The result was this formidable-looking team. But, as usual, there were a few surprise omissions.

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Premier League critics should recognise football cannot wait for ever | Jonathan Wilson

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.

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My favourite game: Panini pest Zoltan Peter comes unstuck against USSR | Paul Doyle

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.

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Zola's wizardry, Giro d'Italia memories and an Ebdon farewell | Classic YouTube

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

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‘This is horrible': Cambuur stunned after dream season turns to dust

The club from Leeuwarden were 11 points clear of the play-off places and heading for the Eredivisie when the Dutch season was annulled

It took only two games of the season for Erik Schouten to realise Cambuur were on to something. Nobody knew how a brand new team, which had almost entirely changed during the summer, would click but their first home fixture of 2019-20 dispelled any concerns. Go Ahead Eagles were beaten 5-0, succumbing to wave after wave of blistering raids, and a pattern for the next seven months had been emphatically set.

“That was the moment we believed everything was possible,” says Schouten, who had arrived from Volendam and was immediately made captain. “Playing attacking football, playing fast, defeating a really good side. We knew then that, if we played well, we could beat anyone.”

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Alan Pardew leaves Den Haag by mutual consent days after relegation reprieve

  • Pardew departs Dutch club after just eight games in charge
  • Assistants Chris Powell and Paul Butler also leave the club

Alan Pardew has left his position as the manager of Eredivisie club Den Haag by mutual consent, days after the Dutch season was cancelled.

Pardew was appointed in December and tasked with saving the club from relegation. The 58-year-old was unable to lead them out of the relegation zone, but the team were reprieved when the season was scrapped because of the coronavirus pandemic.

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Eibar players say they fear 'terrible consequences' of La Liga resumption

  • Team issues joint statement before planned return to training
  • La Liga: ‘Playing football safer than going to supermarket’

Eibar have become the first La Liga side to publicly express concerns about the planned return to training, and have called for “responsibility” from league officials.

Clubs in Spain’s top two division are due to start individual training this week after testing for Covid-19 with matches behind closed doors planned for June. But in a strongly worded joint statement, the Basque club have raised doubts about the plan.

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Peak Pochettino: how a golden age of recruitment transformed Tottenham | Richard Jolly

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.

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My favourite game: Arsenal v Newcastle, 1998 FA Cup final | Suzanne Wrack

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.

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Brighton chief says follow Bundesliga and scrap neutral venues plan

  • Premier League can resume home and away, says Paul Barber
  • ‘If Germany can, why can’t we make it happen’

Brighton’s chief executive, Paul Barber, has urged Premier League clubs to follow the Bundesliga’s lead and rethink proposals to complete the season at neutral venues.

“If Germany can, why can’t we?” said Barber, who believes the English top flight could resume behind closed doors with home and away matches, as planned in Germany from 16 May.

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Real Madrid forward Luka Jovic suffers freak foot injury while training at home

  • Heel fracture discovered on striker’s return to training centre
  • Injury adds to difficult first season in Spain for €65m signing

The Real Madrid forward Luka Jovic has suffered a foot injury while training at home and is unlikely to be fit for the potential restart of the La Liga season in mid-June.

The Spanish club have confirmed that their medical team discovered a fracture in the Serbian striker’s heel bone during routine tests carried out prior to the resumption of individual training on Monday.

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Watford chairman questions integrity of 'distorted mini-league' at neutral venues

  • 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.

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Florian Schneider obituary

Co-founder of the pioneering German electronic band Kraftwerk

As one of the chief architects of the electronic music pioneers Kraftwerk, Florian Schneider, who has died of cancer aged 73, helped revolutionise popular music. Where guitars, bass and drums had long been considered its essential building blocks, Kraftwerk paved the way for synth-pop, techno, hip-hop and electronica, in the process proving that microchips and machines could have not only soul, but a sense of humour too. The list of artists whose work is indebted to Kraftwerk, even if they did not always know it, is endless, but includes David Bowie, Depeche Mode, Simple Minds, New Order, The Orb, Madonna, Neil Young, Jay-Z, Afrika Bambaataa, Coldplay and Daft Punk. In 1997 the New York Times described Kraftwerk as “the Beatles of electronic dance music”.

With Schneider and Ralf Hütter proving the main creative impetus, Kraftwerk (German for “power station”) reached their pivotal moment with the release of their fourth album, Autobahn (1974), whose 23-minute title track – a euphoric electronic ode to the joys of driving on Germany’s high-speed motorways, delivered with a light and whimsical touch – became emblematic of the group’s sound and approach. The album reached No 4 in Britain, while the single version of Autobahn reached the the UK Top 20 and the German Top 10. This revolution in synthetic music earned Kraftwerk a spot on BBC television’s science programme Tomorrow’s World in 1975. They subsequently scored a UK chart-topping single, The Model, released with Computer Love (1981), but Kraftwerk’s influence was much further-reaching than mere chart positions would suggest.

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Aditya Birla Sun Life Resurgent Inida Fund - Series 7 - Regular Plan-Growth

Category Growth
NAV 6.06
Repurchase Price
Sale Price
Date 08-May-2020




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Aditya Birla Sun Life Resurgent India Fund - Series 7 - Regular Plan-Dividend Payout

Category Growth
NAV 6.06
Repurchase Price
Sale Price
Date 08-May-2020




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Aditya Birla Sun Life Resurgent India Fund - Series 7 - Direct Plan-Growth

Category Growth
NAV 6.21
Repurchase Price
Sale Price
Date 08-May-2020




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Aditya Birla Sun Life Resurgent India Fund - Series 7 - Direct Plan-Dividend Payout

Category Growth
NAV 6.21
Repurchase Price
Sale Price
Date 08-May-2020




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Aditya Birla Sun Life Resurgent India Fund - Series 6 - Regular Plan-Growth

Category Growth
NAV 6.08
Repurchase Price
Sale Price
Date 08-May-2020




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Aditya Birla Sun Life Resurgent India Fund - Series 6 - Regular Plan-Dividend Payout

Category Growth
NAV 6.08
Repurchase Price
Sale Price
Date 08-May-2020




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Aditya Birla Sun Life Resurgent India Fund - Series 6 - Direct Plan-Growth

Category Growth
NAV 6.24
Repurchase Price
Sale Price
Date 08-May-2020




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Aditya Birla Sun Life Resurgent India Fund - Series 6 - Direct Plan-Dividend Payout

Category Growth
NAV 6.24
Repurchase Price
Sale Price
Date 08-May-2020




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Aditya Birla Sun Life Resurgent India Fund - Series 5 - Regular Plan-Growth

Category Growth
NAV 8.
Repurchase Price
Sale Price
Date 08-May-2020