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Virus hits Trump's inner circle, unemployment rivals Great Depression: This week's recap and our best reads

The U.S. shed a record number of jobs in April, Trump's personal valet tests positive for virus: This weeks news recap and our best reads.




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Wildlife habitat destruction and deforestation will cause more deadly pandemics like coronavirus, scientists warn

Habitat destruction like deforestation and agricultural development on wildland are increasingly forcing disease-carrying wild animals closer to humans, allowing new strains of infectious diseases to thrive.




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FDA gives emergency authorization for new antigen test to help detect coronavirus quicker and cheaper

There is a higher chance of false negatives with an antigen test and a negative result may need to be confirmed with an additional PCR test prior to further treatments.




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Can stocks and bonds both be right? Making sense of rising equities and ultra-low Treasury yields

Both markets are responding, each in its own way, to the same accommodative Fed.




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Coronavirus has taken millions of jobs, but here's where they're coming back

While some jobs won't be coming back after the lockdown, most, at least for now, will.




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Why ordering from Amazon has been so unpredictable during the coronavirus crisis

Amazon has been combating coronavirus-related issues on multiple fronts for the past several months.




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Stocks' bullish momentum poised to continue in 2020, if history is any guide

Stocks are on pace to log their best year of gains since 2013, and if history serves as a guide, the bullish momentum should continue through the next 12 months.




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Tesla rally won't stop at $500, recent stock trading history suggests

Tesla shares hit $500 for the first time, and the trading history of Elon Musk's electric vehicle maker over the past five years shows the rally can continue.




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Alphabet's trillion-dollar mark won't be the end of the near-term gains in stock, according to history

Alphabet hit a $1 trillion market valuation, an elite status only Apple, Microsoft and Amazon previously touched. Gains for the Google parent are not about to stop, history says.




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Cramer praises Elon Musk for a 'magnificent' quarter, compares Tesla stock to Netflix and Amazon

CNBC's Jim Cramer said the rapid rise in Tesla shares reminds him of the stock trajectories of some of the most successful tech companies.




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AT&T will likely be broken up and will move on from WarnerMedia, analyst Craig Moffett predicts

Craig Moffett said on CNBC's "Squawk Box" that AT&T will eventually separate its telecom business from its media business.




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Penn National's investment in Barstool Sports is 'going to be worth a ton,' Ron Baron says

Billionaire investor Ron Baron told CNBC's "Squawk Box" why he thinks Penn National's investment in Barstool Sports will be a success.




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Twitter's brief history of earnings rallies shows they often don't last

Twitter surged after a big quarterly increase in users, but history shows the social media stock's rallies don't last.




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Tesla's biggest bull says Wall Street skepticism is 'a wonderful wall of worry'

Ark Invest's Cathie Wood said on "Squawk Box" that demand in China and falling battery costs will continue to boost Tesla's stock.




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Cramer says Virgin Galactic rally will end badly: 'No one is going to Mars that I know of'

Cramer said he did not understand the market's enthusiasm for Virgin Galactic, which has more than tripled in the past three months.




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El-Erian lifts his don't-buy-the-dip warning for pros, but says most investors should still wait

"If you are a long-term investor, I would wait," economist Mohamed El-Erian said. "If you're a short-term tactical investor, there's a lot of opportunities out there."




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How the coronavirus changed life in China: CNBC Beijing Bureau Chief Eunice Yoon

CNBC Beijing Bureau Chief Eunice Yoon reflects, as both a reporter and a Beijing resident, on what daily life has been like during the COVID-19 outbreak in China.




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Ted Cruz, other senators, warn Saudis to stop using oil in 'economic warfare' against the US

Sen. Ted Cruz said a group of nine senators recently ripped into the Saudi ambassador to the United States in a conference call over its oil price war with Russia.




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'We need to start saving individual people,' not just stockholders, says pension fund CIO

The chief investment officer of one of the country's biggest public pension funds said the government response to the coronavirus should be focused on supporting unemployed workers.




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Mark Cuban, Leonardo DiCaprio, and ARod go 'all in' to fight hunger caused by coronavirus

The #AllInChallenge from Fanatics founder Michael Rubin has enlisted celebrities and sports stars including Leonardo DiCaprio, ARod and Mark Cuban to fight COVID-19 food insecurity.




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Billionaire Barry Diller says bail out everyone and 'worry about paying the bills later'

"The damage that is being done every day is enormous," Expedia and IAC Chairman Barry Diller told CNBC on Thursday.




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Leon Cooperman says the coronavirus crisis will change capitalism forever and taxes have to go up

The Omega Family Office chairman and CEO said on CNBC's "Squawk Box" that taxes will need to go up regardless of who wins the upcoming presidential election.




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Since 2000, here's where Dow, S&P 500 trade one month after wild moves in energy

The crazy action in crude oil futures was not the only recent extreme energy trade. The XLE was up over 10% last Friday. Here is how the Dow and S&P do one month after similar rallies since 2000.




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Here is how Dow, S&P do in the six months ahead of a presidential election

As the coronavirus dominates the news, it's easy to forget that a presidential election is six months away. Since 1990, here is how stocks have done in election run-up periods.




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Coronavirus 'is a true black-swan event,' sparking corrections across global markets

International investors believe coronavirus is truly a global phenomenon, and the entire global stock market has been taken down.




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Traders recap scary week on Wall Street and see more wild times ahead

Traders on the floor of the New York Stock Exchange swapped stories all week about the extreme trading conditions they witnessed.




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US trading systems 'holding up well,' top Securities and Exchange Commission official says

Despite enormous volumes, the U.S. trading system is holding up well, says the Securities and Exchange Commission's Brett Redfearn.




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Wall Street bulls and bears fight over what the economic recovery from coronavirus will look like

Strategists debate how long it will take to contain the coronavirus outbreak as it hits the United States and roils markets.




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Here's what would happen if coronavirus forces the NYSE to close its trading floor

The New York Stock Exchange is prepared for the possibility that someone working on its trading floor may contract coronavirus.




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Stock market leaders unite against calls to stop trading, saying it would only compound anxiety

Closing the stock market amid the coronavirus pandemic might only amplify investors' anxieties.




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NYSE readies itself for first ever all-electronic trading day

With the floor of the New York Stock Exchange closed as of Monday, trading will resume electronically.




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Fed surprises market with program to support corporate bonds amid coronavirus pandemic

Under a program called the Secondary Market Corporate Credit Facility, the Federal Reserve will buy corporate bond and exchange traded funds.




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If you see an earnings estimate, it's probably wrong, given ongoing pandemic uncertainty

Companies have been slow to withdraw their earnings guidance, which makes estimating earnings for the S&P 500 nearly impossible.




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Father of Wall Street's 'fear gauge' sees wild volatility continuing until coronavirus cases peak

Robert Whaley, who created the original VIX in 1992, says the most important thing for markets is to reduce the uncertainty around the coronavirus crisis.




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NYSE-legend Art Cashin gives his first comments on the coronavirus sell-off and when we recover

Cashin was in a car accident in early February (he was not driving) and has been recuperating. We spoke to him by phone from his home.




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For investors banking on dividends, the 'pain has just begun'

As companies deal with declining cash flow amid the coronavirus pandemic, they are likely to cut or even suspend dividends.




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Oil fund's near implosion is the latest market wackiness leaving traders scratching their heads

The United States Oil Fund, which invests in oil futures contracts, was guaranteed to be a losing bet over time, but retail investors piled into the exchange-traded fund, perhaps believing it was a bet on the spot price of oil.




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Stock rally continues beneath the surface on investors' hopes for reopenings and testing

Stocks were down slightly on Tuesday, but beneath the surface lies the continuation of a powerful rally.




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Halfway through one of the strangest earnings seasons ever, here's what we are learning

Most companies are not giving earnings guidance, leaving investors and analysts in the dark, yet the market is still rewarding better-than-expected results.




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Market's comeback hinges on the economy reopening without major setbacks

The old saw, 'sell in May and go away' might not apply this year if the U.S. economy reopens smoothly.




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For investors shaken by Dow plunge, Warren Buffett's new advice on finding long-term market winners

At a time of short-term market panic about the coronavirus, Warren Buffett offers a new lesson on how to identify long-term stock winners. The key: a focus on corporate reinvestment.




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Bill Gates: Coronavirus may be 'once-in-a-century pathogen we've been worried about'

"I hope it's not that bad, but we should assume it will be until we know otherwise," Gates wrote in an article published Friday in The New England Journal of Medicine.




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Why wealth inequality is driving Democrats in the 2020 election

Why the rhetoric surrounding wealth inequality is especially acute this election season among Democratic presidential candidates — and will continue to be so.




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Bezos loses $7 billion overnight, $18 billion in a month, as market sells off on coronavirus fears

Concerns over coronavirus have roiled markets and torched hundreds of billions in paper wealth from the world's billionaires over the past month. But last night's declines could be the largest overnight wealth loss in nearly a decade.




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Warren Buffett's daughter reportedly self-quarantines after potential coronavirus exposure

Susie Buffett sat next to someone who had just returned from a trip to Spain and subsequently rested positive for COVID-19, the Omaha World-Herald reported.




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Coronavirus: CEO behind Buffett, Bezos health venture says US 'death toll curve' worse than China

"Our death toll curve is now worse than when China was at the same stage," Haven CEO Dr. Atul Gawande tells CNBC.




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Charlie Munger will not take questions at Berkshire Hathaway's annual meeting this year

Instead, it will be Greg Abel, Berkshire's vice chairman of non-insurance operations, taking previously submitted questions with Warren Buffett.




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The 5 stock-picking legends you must study up on to become a smarter investor

Phil Town, best-selling author and self-made millionaire, recommends reading these five stock market legends if you want to become a competent investor.




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Warren Buffett built up cash and bought only small amounts of stock during the market rout

Berkshire had a record $137 billion in cash and equivalent instruments on its balance sheet at the end of the first quarter.




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Warren Buffett says the economy will overcome coronavirus: 'Nothing can basically stop America'

Warren Buffett said he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic.