Markets expect depression-level job losses, but the duration of the shutdowns is a much bigger worry

CNBC A restaurant in Washington Heights prepares for new restrictive measures to only offer take-out or delivery in an effort to combat coronavirus. Dan Mangan | CNBC Stocks and bonds had a relatively muted response to the March employment report, which was far worse than forecast but barely reflected the unprecedented collapse of the labor […]

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Wall Street analysts are still upgrading stocks amid ongoing market volatility, including Twitter and Lululemon

CNBC Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images (This story is for CNBC PRO subscribers only.)  Wall Street analysts upgraded a slew of stocks on Friday as the market volatility […]

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Coronavirus: Dr. Anthony Fauci warns Americans shouldn't assume hydroxychloroquine is a 'knockout drug'

CNBC Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci speaks during the daily briefing on the novel coronavirus, COVID-19, in the Brady Briefing Room at the White House on April 1, 2020, in Washington, DC. Mandel Ngan | AFP | Getty Images Americans shouldn’t assume hydroxychloroquine is a “knockout drug” in preventing […]

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Mohamed El-Erian: The stock market could still go back down to new coronavirus lows

CNBC The stock market could still touch new lows as uncertainty around the coronavirus pandemic persists, Mohamed El-Erian said Friday.  “I don’t think we’re forming a bottom yet. I think we’re going down at a slower rate,” the chief economic advisor at Allianz said on CNBC’s “Squawk Box.” “There is a very important distinction there.”  Calling […]

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Could Bolsonaro be impeached? Brazil's leader under intensifying pressure over coronavirus denial

CNBC Jair Bolsonaro President of Brazil takes off his protective mask to speak to journalists during a press conference about outbreak of the coronavirus (COVID – 19) at the Planalto Palace on March 20, 2020 in Brasilia, Brazil. Andressa Anholete | Getty Images Brazilian President Jair Bolsonaro has sparked public outcry over his handling of […]

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'The Hot Zone' author warns the next pandemic could 'balloon faster' than the coronavirus

CNBC The world will experience another pandemic, and it could be even more severe than the new coronavirus, author Richard Preston told CNBC on Friday.  “We hear some people saying, ‘Well this is a once-in-a-100-year event.’ It is absolutely not,” Preston said on “Squawk Box.” “I think a worse-case scenario could be worse than coronavirus.” Preston […]

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Small businesses have 'a million questions' about paycheck relief loan as applications come due

CNBC Jourdain Degarmo, CEO of Mr. Muggles’ Dogs Joe Drypolcher Jourdain Degarmo had to lay off all seven employees from his doggie day care in San Francisco last month after California’s shelter-in-place order required non-essential workers to stay home. Degarmo has continued paying salaries with his cash on hand but needs help from the government to […]

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Celebrity-backed criminal justice reform group donates 100,000 masks to prisons in wake of coronavirus

CNBC A Department of Corrections bus outside Rikes Island prison. Getty Images A criminal justice reform group backed by celebrities and top business executives is giving 100,000 masks to prisons across the country as those incarcerated are impacted by the coronavirus. New York’s Rikers Island jail will be seeing 50,000 masks from the Reform Alliance, […]

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Singapore shuts schools temporarily and closes most workplaces to curb the spread of coronavirus

CNBC Singapore’s Prime Minister Lee Hsien Loong during a panel session at the World Economic Forum in Davos, Switzerland, on January, 22, 2020. Jason Alden | Bloomberg | Getty Images Singapore’s Prime Minister Lee Hsien Loong on Friday announced stricter social distancing measures in the city state, joining a chorus of countries globally that have […]

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New Google site shows where people in a community are taking social distancing seriously — and where they're not

CNBC Sundar Pichai, CEO, Google Denis Balibouse | Reuters Google has launched a new website that uses anonymous location data collected from users of Google products and services to show the level of social distancing taking place in various locations. The COVID-19 Community Mobility Reports web site will show population data trends of six categories: […]

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Lacking beds, masks and doctors, Europe's health services struggle to cope with the coronavirus

CNBC VERDUNO, CUNEO, ITALY – 2020/03/31: Medical workers wearing Personal Protective Equipment (PPE) are pictured outside Verduno hospital (Alba-Bra hospital). Nicolò Campo A lack of beds, protective equipment and doctors are just some of the issues being faced in Europe, as the coronavirus crisis exposes the weaknesses of the region’s national health systems.  After deep […]

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Containing the coronavirus should be Indonesia's 'first priority,' says former finance minister

CNBC People wearing face masks attend Friday prayers at a mosque in Surabaya, Indonesia on March 20, 2020. Juni Kriswanto | AFP | Getty Images Getting the coronavirus outbreak under control should be the top priority for the Indonesian government, the country’s former finance minister said on Friday. Indonesia has recorded 170 deaths related to […]

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Miami mayor asks Trump to suspend domestic and international flights from COVID-19 hotspots to Miami Airport

CNBC Cyclists pass the boarded up Smith & Wollesnky restaurant as they exercise in South Pointe Park on March 18, 2020 in Miami Beach, Florida. Cliff Hawkins | Getty Images Miami mayor Francis Suarez asked President Trump in a letter on Thursday to suspend flights to Miami International Airport from COVID-19 hotspots. “As Mayor of […]

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Chipotle is working on a gift card program to support health-care workers through the coronavirus epidemic

CNBC Chipotle Mexican Grill is developing a gift card program to help customers show their appreciation for those on the frontline of the war with the coronavirus. The restaurant chain on Thursday sent free burrito boxes to medical centers to celebrate National Burrito Day in honor of health-care heroes caring for COVID-19 patients. CEO Brian […]

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Coronavirus live updates: Global deaths top 52,800 as infection numbers cross a million

CNBC Volunteers dressed in protective suits, masks, gloves and goggles carrying blood and throat mucous samples to test for COVID-19 on March 27, 2020 in Berlin, Germany. Sean Gallup | Getty Images This is a live blog. Please check back for updates. Global cases: More than 1,011,000.  Global deaths: At least 52,800.  Top 5 countries: United States […]

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Coronavirus is unleashing an 'economic shock wave' not felt since the 1930s, hedge fund manager Mark Yusko warns

CNBC Hedge fund manager Mark Yusko is telling investors to brace for a nearly once in a lifetime downturn. The Morgan Creek Capital Management CEO and CIO sees the Great Depression as the closest comparison to what’s happening to the coronavirus ravaged economy.  “The economic shock wave that’s coming is going to be like nothing […]

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Emerging markets will be 'cut to their knees' by pandemic, ex-IMF chief economist says

CNBC Kenneth Rogoff, former chief economist at the International Monetary Fund, said the coronavirus pandemic will be a major blow to the economies of developing countries regardless of how quickly the U.S. and Europe recover. “They’re trying to contain the aftermath, the financial crisis. But emerging markets I think are certainly going to get cut […]

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American Airlines cutting international summer schedule by 60% as coronavirus drives down demand

CNBC American Airlines passenger planes (L) parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. The planes on the right are 737 MAX, parked for reasons other than the coronavirus. Nick Oxford | Reuters American Airlines plans to cut its […]

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Navy relieves captain of duty after he pleaded for help with coronavirus outbreak on aircraft carrier

CNBC Captain Brett Crozier, commanding officer of the U.S. Navy aircraft carrier USS Theodore Roosevelt, addresses the crew during an all-hands call on the ship’s flight deck in the eastern Pacific Ocean December 19, 2019. Mass Communication Specialist 3rd Class Nicholas Huynh | US Navy WASHINGTON — An aircraft carrier captain who made a stunning plea […]

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Coronavirus chaos 'golden age' for hackers – Robert Herjavec on how to protect yourself online

CNBC The coronavirus has created “the golden age for hackers,” “Shark Tank” investor Robert Herjavec said Thursday.  “You couldn’t have picked a more perfect time to hack somebody,” the cybersecurity entrepreneur said on CNBC’s “Squawk Alley.” Herjavec said his company — the Herjavec Group, which provides cybersecurity products and services to business — has seen an increase in […]

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Top Amazon lawyer calls fired strike organizer 'not smart or articulate' in meeting with top execs

CNBC A worker assembles a box for delivery at the Amazon fulfillment center in Baltimore, Maryland, U.S., April 30, 2019. Clodagh Kilcoyne | Reuters An Amazon executive attempted to discredit a Staten Island warehouse worker who was fired after he organized a walkout this week, according to a leaked memo obtained by Vice.  The memo includes […]

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JPMorgan says it's not ready for small business loan applications as banks await Treasury guidance

CNBC A few hours before the expected launch of a federal program to dole out at least $350 billion in loans to small businesses struggling amid the coronavirus pandemic, none of the participating banks interviewed by CNBC are sure they’ll be ready. From massive global institutions with trillion dollar balance sheets to regional banks and […]

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Churches allowed to stay open in states where millions are particularly vulnerable to coronavirus

CNBC Churches and other religious facilities will be allowed to remain open in more than half of the states that are the most vulnerable to coronavirus, often with special exemptions to mandated closures of non-essential businesses.  Of the 15 states in the nation home to the highest percentage of especially at-risk individuals, at least 11 […]

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Parents look to create a 'magical' Easter, as coronavirus changes the holiday celebration

CNBC In this file photo, Easter gifts are displayed in a Manhattan store. Mario Tama | Getty Images Wooden egg shakers from Amazon, a homemade rainstick made out of an old paper towel roll and some packets of oatmeal will be in 11-month-old Charlie Stackhouse-Frechette’s Easter basket this year. First-time parents Jill and Nate Stackhouse-Frechette […]

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