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German court says the European Central Bank now needs to prove its bond buying is needed

The German court said the decision does not concern any financial assistance measures taken by the European Union or the ECB in the context of the current coronavirus crisis.




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Watch live: New York Gov. Andrew Cuomo holds a press conference on the coronavirus outbreak

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 318,900 people across the state as of Tuesday.




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Watch live: New Jersey Gov. Phil Murphy holds a press conference on the coronavirus outbreak

On Monday, the governor directed all private and public school leaders to update their preparedness plans to continue remote learning for the rest of the school year.




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EU predicts region will contract 7.4% this year in worst economic shock since 1930s

In February, the European Commission estimated a 1.4% rise in GDP for the EU this year.




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Watch live: New York Gov. Andrew Cuomo holds a press conference on the coronavirus outbreak

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 321,100 people across the state as of Wednesday.




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Watch live: New York Gov. Andrew Cuomo holds a press conference on the coronavirus outbreak

New York Gov. Andrew Cuomo is holding his daily press conference on the Covid-19 outbreak, which has infected more than 323,900 people across the state as of Thursday.




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Watch live: World Health Organization holds press conference on the coronavirus outbreak

The World Health Organization is holding a briefing Friday on the coronavirus, which has infected more than 3.8 million people worldwide and killed at least 269,881.




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UK general election more likely than second Brexit referendum: Professor

Cedomir Nestorovic, professor of geopolitics at ESSEC Business School, predicts that U.K. Prime Minister Theresa May's second Brexit deal will likely be rejected Monday, creating further scope for a near-term general election.




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China seems to think that it is 'out of the woods': Professor

Edmund Phelps of Columbia University says China seems to think that it has solved its problems, and its economy will see a return to "somewhat higher" growth rates. He also says China could "break loose" with a long wave of rapid innovation.




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Stocks making the biggest moves in the premarket: Twitter, Comcast, McDonald's, Tapestry & more

The stocks making the biggest moves in premarket trading include Twitter, Comcast, McDonald's Tapestry, and more.




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Stocks making the biggest moves in the premarket: Exxon, Chevron, Clorox, Honeywell & more

The stocks making the biggest moves in premarket trading include Exxon, Chevron, Clorox, Honeywell, and more.




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Stocks making the biggest moves in the premarket: Berkshire Hathaway, Gilead, Disney, Intel & more

The stocks making the biggest moves in premarket trading include Berkshire Hathaway, Gilead, Disney, Intel, and more.




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Stocks making the biggest moves in the premarket: Pfizer, DuPont, Wayfair, Shake Shack & more

The stocks making the biggest moves in premarket trading include Pfizer, DuPont, Wayfair, Shake Shack, and more.




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Stocks making the biggest moves in the premarket: GM, CVS, Shopify, Papa John's, Wendy's & more

The stocks making the biggest moves in premarket trading include GM, CVS, Shopify, Papa John's, Wendy's, and more.




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Oil rebound may have gone too far, based on just tentative supply and demand improvements

Signs that Americans are driving more are helping lift oil prices, but analysts say a 60% jump in prices in just a week may be too much.




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Stocks making the biggest moves in the premarket: Raytheon, ViacomCBS, Moderna, JetBlue & more

The stocks making the biggest moves in premarket trading include Raytheon, ViacomCBS, Moderna, JetBlue, and more.




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April job losses may top 20 million, weekly jobless claims report signals

The number of continuing jobless claims rose to a greater-than-expected 22.6 million last week, signaling April job losses over 20 million.




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April employment report is expected to show more than 20 million lost jobs and depth of pain as US economy shut down

April's jobs report will be horrific, and with the worst job losses ever, it should provide a critical look into the economy's collapse.




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Stocks making the biggest moves premarket: Macy's, Uber, TripAdvisor, Disney & more

These are the stocks posting the largest moves before the bell on Friday.




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Gold moves into a 'zombie state' as the usual spurs fail to impress

Geopolitical concerns, likely higher interest rates and a weaker dollar are not driving gold price swings as expected.




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Why some traders are seeing promise in Shanghai stocks

Aggressive traders are starting to enter the Shanghai market in anticipation of a trend change, writes Daryl Guppy.




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How the 2020 presidential candidates' Q4 fundraising numbers shape up

CNBC's Eamon Javers and political reporter Brian Schwartz join the "Power Lunch" team to break down the latest presidential campaign fundraising numbers.




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Democratic candidate Michael Bennet proposes 44% tax rate for wealthiest Americans

Democratic presidential contender Michael Bennet wants to increase the top income-tax rate paid by the wealthiest Americans to 44%, which experts say exceeds that of other presidential hopefuls to date.




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Democrats cannot count on swing votes against Trump: Professor

Brendon O'Connor from the U.S. Studies Centre tells "Street Signs" that Democratic presidential hopefuls like Joe Biden and Bernie Sanders are unlikely to sway Trump's supporters, and the idea of swing votes is overrated.




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UFC President Dana White on coronavirus impact on sports

UFC President Dana White joins "Closing Bell" to talk about the latest developments in the business.




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UFC President Dana White says sports can resume but will 'lose a lot of money'

Ultimate Fighting Championship President Dana White said Tuesday he believes many sports leagues could resume competition but it would come at a price.




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Richmond Fed President: Negative rates not worth a try here

Richmond Fed President Tom Barkin joins 'Closing Bell' to discuss how soon the U.S. could reopen the economy and the recent unemployment data.




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Tesla hasn't received permission to resume production in Bay Area—Reuters

CNBC's Phil LeBeau reports the latest news on Tesla.




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Private equity investors are zeroing in on financial advice business

The registered investment advisor industry has attracted the attention of private equity investors, thanks to good growth, high profit margins, consistent cash flow and low capital needs.




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Advisors hire next-generation talent to thrive. Here's how some practices have already done it

As 40% of advisors plan to retire within the next 10 years, young financial advisors can help fill the gap. Here's how established advisory practices are integrating younger generations into their teams.




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FLIR Systems CEO Jim Cannon on providing thermal scanners for GM factories

Jim Cannon, CEO of FLIR Systems, joins "Squawk Alley" to discuss demand for its thermal camera technology to scan for potential coronavirus infections in workers.




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Etsy e-retail sales jump 79%, sold 12 million face masks in April, CEO says

Etsy CEO Josh Silverman discussed the e-retailer's sales swings from March to April and how the company has responded to the coronavirus pandemic.




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Uber CEO: Our drivers and couriers should get health care and earnings protection based on hours worked

Uber CEO Dara Khosrowshahi tells "Squawk Box" that the company is a proponent of a model in which drivers and couriers have minimum earning and health care protections based on the hours worked.




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Wife of Zimbabwe vice-president accused of trying to kill him

Marry Chiwenga accused of disconnecting Constantino Chiwenga’s life support machine

The wife of Zimbabwe’s vice-president, Constantino Chiwenga, has been accused of attempting to kill him by disconnecting his life support while he was undergoing treatment in hospital this year.

Marry Chiwenga, née Mubaiwa, was arrested at the weekend and appeared at Harare’s magistrates court on Monday where she was remanded in custody.

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This Mournable Body by Tsitsi Dangarembga review – life on the precipice

A woman’s descent into poverty provides a powerful finale to the Zimbabwean author’s trilogy

“You want nothing more than to break away from the implacable terror of every day you spend in your country – where you can no longer afford the odd dab of peanut butter to liven up the vegetables from Mai Manyanga’s garden.” This is the voice of Tambu, first encountered in the Zimbabwean writer Tsitsi Dangarembga’s much-praised 1988 book Nervous Conditions, a passionate, first-person account of a 1960s Rhodesian childhood scarred by the war of independence.

Now, in the final instalment in the trilogy, Tambu is middle aged and writing in an appropriately distanced second person. Dangarembga sets herself the challenge of writing about how alienated personhood becomes when life stories lose hope and in a country where effort is no longer followed by reward.

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UN sounds alarm over unprecedented levels of hunger in southern Africa

Women and children bear brunt as drought and extreme weather leave tens of millions short of food

Southern Africa is in the throes of a climate emergency, with hunger levels in the region on a previously unseen scale, the UN has warned.

Years of drought, widespread flooding and economic disarray have left 45 million people facing severe food shortages, with women and children bearing the brunt of the crisis, said the World Food Programme (WFP).

Related: Zimbabwe on verge of 'manmade starvation', warns UN envoy

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Zimbabwe urged to prioritise children as record poverty causes food shortages

Researchers sound the alarm after statistics reveal almost half of impoverished children in rural areas do not have enough to eat

Poverty has reached unprecedented levels in Zimbabwe, with more than 70% of Zimbabwean children in rural areas living in poverty, a UN study has found.

The report, compiled by Unicef and the Zimbabwe National Statistics Agency, shows high levels of privation in rural areas, where 76.3% of children live in abject poverty. Statistics seen by the Guardian suggest that almost half of these children do not have enough of the right food to eat.

Related: Zimbabwe on verge of 'manmade starvation', warns UN envoy

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Zimbabwe's president appeals for help to end country's 'financial isolation'

Emmerson Mnangagwa makes passionate plea for support as he targets upper middle-income status by 2030

The president of Zimbabwe has appealed for help in pulling his debt-ridden country out of “financial isolation”.

Emmerson Mnangagwa made his passionate call for international funding after he failed to secure new loans from the International Monetary Fund, the World Bank, African Development Bank and the Paris Club due to outstanding foreign debts of $8bn (£6.2bn).

Related: Zimbabwe urged to prioritise children as record poverty causes food shortages

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Doctors sue Zimbabwe government over lack of Covid-19 protective equipment

Court application warns ‘many lives will be lost’ without urgent action to provide face masks

The Zimbabwean government has been taken to court over its failure to provide doctors working on the frontline of the Covid-19 pandemic with masks.

The Zimbabwe Association for Doctors for Human Rights (ZADHR) is seeking to compel the authorities urgently to provide personal protective equipment (PPE) for medical practitioners, warning that medics in the country’s troubled health sector will otherwise die.

Related: 'We will starve': Zimbabwe's poor full of misgiving over Covid-19 lockdown

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Young professionals risk financial burnout as they weather their first big crisis

Many Gen Z and millennial professionals have one question: Will I still have a job? Worrying about day-to-day expenses puts them at risk for financial burnout. And that could mean they neglect their long-term plans, particularly retirement savings.






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Hertz hires firm for bankruptcy preparation: Report

CNBC's Phil LeBeau on a report that Hertz has hired a firm to assist with bankruptcy preparations. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Karen Finerman.




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Trader says 'no guidance, no problem' for this medical device company—Here's why

Is Abbott Labs a buy? With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Pete Najarian and Steve Grasso.




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Disney Springs to reopen on May 20th

CNBC's Julia Boorstin reports that Disney Springs will become the first Disney property to reopen, and it will happen on May 20.




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US job losses have reached Great Depression levels. Did it have to be that way?

The US and Europe have taken different approaches to tackling pandemic-induced unemployment but which is best long term?

In two, terrible, months the coronavirus pandemic has driven unemployment in the US to levels unseen since the 1930s Great Depression. Did it have to be this way?

Covid-19 has cost more than 33 million Americans their jobs in the last seven weeks – 10% of the entire US population. The official unemployment rate had shot up from 4.4% to 14.7% on Friday – a figure that probably wildly underestimates the true scale of job losses.

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Trouble brewing for tea producers as coronavirus lockdown hits harvests

India’s ‘champagne of teas’ among those affected as country’s tea board estimates output could drop 9%, amid strain in China and Sri Lanka

Trouble is brewing for the world’s tea producers as the coronavirus lockdown shut down the harvest in several important regions, including the picking of India’s “champagne of teas”.

Despite forecasts of increased demand from drinkers stuck at home across the world, producers have become frustrated by the enforced quarantining of their workforce, with India’s output expected to drop by 9% in 2020.

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India primed: what Amazon's vast new Hyderabad campus reveals about its plans

Amazon have arrived in force in rapidly expanding Hyderabad, with designs on the currently almost non-existent Indian e-commence market

The futuristic lobby of the new Amazon building in Hyderabad feels as though it should have a permanent orchestra blasting out Also Sprach Zarathustra. The scale is intended to awe. A large slogan on a wall suggests the company is “Delivering smiles”. The only sound that rises above the hush is a synthesised beep, coming from a giant screen playing a video of the campus at various stages of its construction.

Built on nine acres in this Indian city’s financial district, it is Amazon’s single largest building globally and the only Amazon-owned campus outside the US. It can house over 15,000 employees, but its size is its main architectural feature: it resembles the same cube of glass steel and chrome seen in corporate offices across Hyderabad, though a flash of magenta reflected in one of the top floor windows, from a billowing sari across the road, is a nice Indian touch.

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European schools get ready to reopen despite concern about pupils spreading Covid-19

Germany’s top coronavirus expert says children play as big a role as adults in spread

More countries across Europe are preparing to reopen schools in the coming weeks despite conflicting advice from scientists, some of whom caution against underestimating children’s potential to spread the coronavirus.

Some schools and nurseries in Denmark and Norway have already reopened, and grandparents in Switzerland are allowed to hug grandchildren under 10, following a ruling by the health ministry’s head of infectious diseases that it is safe to do so.

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Trump 'very confident' of Covid-19 vaccine in 2020 and predicts up to 100,000 US deaths

US president again criticises Beijing as European countries prepare to ease lockdown

Donald Trump has said he is “very confident” there will be a vaccine for coronavirus by the end of the year, revising up his estimate of the final US death toll as several European countries prepare for a cautious easing of lockdowns.

The president used a Fox News “virtual town hall” on Sunday night to repeat his regular virus talking points, including that a vaccine was not far away, Covid-19 was China’s fault and the economy would not only recover but “grow like crazy”.

Related: Mike Pompeo: 'enormous evidence' coronavirus came from Chinese lab

Global coronavirus cases have surpassed 3.5 million with more than 247,000 deaths.

In New York, the centre of the US outbreak, an emergency field hospital erected in Central Park is set to close. Dozens of New Yorkers were fined for violating social distancing guidelines as they flocked to beaches and parks in balmy weekend weather.

China reported three new coronavirus cases, versus two the day before.

Japan’s state of emergency is expected to be extended until the end of the month.

France will not quarantine anyone arriving from the EU, the Schengen area or Britain due to the coronavirus.

New Zealand has reported no new coronavirus cases for the first time.

South Korea plans to ease a ban on some gatherings and events as long as they “follow disinfection measures”.

Brazil has become the first country in Latin America to report more than 100,000 cases.

The Iranian president, Hassan Rouhani, announced mosques will reopen across large parts of the Islamic republic after they were closed in early March.

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