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Plunge in health-care spending a big reason US economy sank in first quarter

The coronavirus crisis actually caused consumer health-care spending to plunge 18% in Q1.




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US consumer spending plunges 7.5% in March, reflecting virus

U.S. consumer spending plunged 7.5% in March, reflecting the growing impact of the coronavirus pandemic as Americans complied with stay-at-home orders.




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Test, trace, isolate: Governments need to do these three things before reopening economies, expert warns

A global health expert and physician told CNBC that easing lockdowns without taking certain action would risk a second surge in coronavirus infections.




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NY Gov. Cuomo says he won't sacrifice human lives to reopen the economy: The argument is 'absurd'

"This is not a situation where you can go to the American people and say, 'How many lives are you willing to lose to reopen the economy?' We don't want to lose any lives," Cuomo said.




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California Gov. Gavin Newsom unveils health guidelines for retailers and manufacturers to reopen starting Friday

California Gov. Gavin Newsom announced on Thursday a list of health guidelines that retailers, manufacturers and warehouses must adopt to begin offering curbside pick-up as early as Friday.




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Spain reports uptick in daily coronavirus deaths; Australia plans reopening in 3 stages

Spain saw 229 new deaths related to Covid-19, up from 213 the day before.




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5 things to know before the stock market opens Friday

Stock futures rise as traders look past the jobs collapse and take comfort in new promises from U.S. and China trade negotiators.




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Vice President Mike Pence torched after jokingly asking to carry empty boxes at nursing home 'just for the camera'

Vice President Mike Pence got roasted after being caught by a live microphone jokingly offering to carry empty boxes "just for the camera" into a health-care facility treating coronavirus cases.




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San Diego mayor: Compliance with new beach rules bodes well for state business reopening

"San Diegans, just like others in California, do not want to give back the tremendous gains that we've made, the sacrifices that we've made over these last six weeks," Mayor Kevin Faulconer said.




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US is reopening too soon and may see tepid recovery from virus crisis: Deutsche Bank

In contrast to the U.S., countries in North Asia and Australia had "very convincing containment" of the coronavirus crisis, making them more likely to achieve a "very sharp" economic rebound post-pandemic, says Deutsche Bank's Michael Spencer, chief economist and head of research for the Asia-Pacific.




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5 things to know before the stock market opens Thursday

Dow futures drop Thursday after another avalanche of weekly jobless claims and a crush of earnings.




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Mercedes-Benz reopened an Alabama auto plant. Here's how it happened

Daimler, which owns Mercedes-Benz, says it took "robust and best practice safety measures" to ensure that the reopening of the plant was safe for its 4,200 workers.




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Tesla CEO Elon Musk's coronavirus rant highlights just one of many hurdles automakers face in reopening plants

In reopening plants, automakers face worker safety issues and must abide by local mandates, which Tesla CEO Elon Musk highlighted earlier this week. Then there are more complex problems.




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5 things to know before the stock market opens Wednesday

Dow futures trimmed earlier gains as U.S. oil prices turned lower after a five-session winning streak.




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Michigan governor to allow state's auto manufacturing plants to reopen next week

Michigan Gov. Gretchen Whitmer will allow the state's auto manufacturing plants, most of which have been shuttered since March due to the coronavirus pandemic, to reopen beginning Monday.




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Mark Cuban: Texas reopening 'more show than go,' small business needs more help to do it safely

"There's all these downstream issues that really haven't been addressed yet," the Dallas Mavericks owner and "Shark Tank" investor told CNBC on Friday.




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Here's why restaurants reopening could be good news for summer jobs

Prior to the pandemic, a historically tight labor market was pushing employers to get creative to find and keep talent. Now, it's enhanced unemployment benefits that are causing a challenge.




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Cramer says the plant-based meat 'movement is happening' and investors better 'get on the bus'

"This is not blockbuster drug, but watch this trend. I think it's very exciting for investors," CNBC's Jim Cramer said Wednesday.




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Denver restaurant group owner: We're still unsure of what "reopening" looks like in this new reality

Frank Bonanno, the owner of the Bonanno Concepts restaurant group in Denver, discusses how the industry will attempt to reopen gradually Colorado lifts some lockdown measures, including transforming the dining experience.




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Georgia small business owner: We won't be reopening yet, as it's too early and unsafe

Vince Villavalzo, owner of the Mystic Owl tattoo parlor in the Atlanta metro area, discusses his decision not to reopen his business, even as the state of Georgia attempts to reopen some of its economy.




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Here's what happened to the stock market on Wednesday

The Dow and S&P 500 closed lower on Wednesday as investors weighed the potential of the U.S. economy reopening amid more dismal employment data.




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Wall Street is too optimistic as economies start reopening, Stephen Roach warns

One of the world's leading authorities on Asia is worried Wall Street is miscalculating China's efforts to reopen its economy.




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'Bubble' stocks like Beyond Meat and Peloton were supposed to blow up, but the opposite happened

Bubble-like tech stocks remain among the biggest winners this year, and their strength pushed the Nasdaq Composite into positive territory on Thursday.




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Here's what happened to the stock market on Thursday

The tech-heavy Nasdaq clawed back all of its 2020 losses as tech shares added to their recent gains.




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Fed's Harker warns about reopening the economy too quickly

"Not only would this be a health catastrophe, but it would reverse the recovery as well," the central bank official said in a speech.




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Stock market live Friday: Record job losses, investors focused on reopening, Dow gains 450

A conversation about the latest market-moving news, including the upcoming jobs report.




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Here's what happened to the stock market on Friday

Stocks rose sharply even after the ugliest monthly jobs report on record as investors bet the worst of the coronavirus and its impact on the economy has passed.




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Clorox CEO boosts ad spend by $50 million as disinfectant demand surges amid coronaviurs pandemic

"We're investing in future capacities so that we're better equipped to meet the demand in future surges," Clorox CEO Benno Dorer said.




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Many restaurants would 'shut down completely' under Tennessee's reopening guidelines, Jim Cramer says

"These rules are safe and healthy for the customer, which is great, but there's simply no way most restaurants can possibly obey them without going right out of business," the "Mad Money" host said.




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Circuit breakers suspended in China

CNBC's Eunice Yoon reports Chinese regulators have suspended market circuit breakers, according to the Shanghai Stock Exchange.




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Plans to reopen US economy must 'talk about worker safety,' says AFL-CIO president

"If they don't feel safe, they're not going to go back to work,"AFL-CIO president Richard Trumka told CNBC.




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When will restaurants and bars reopen? Here's what experts are saying

The outlook for U.S. restaurants in the near term is bleak, dominated by massive unemployment and closures, but Asia may provide a path forward.




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State Department quietly begins reopening amid coronavirus pandemic

The plan, entitled "Diplomacy Strong," includes policies on travel, telework, face coverings, as well as social distancing requirements for common spaces such as cafeterias.




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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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'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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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 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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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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5 things to know before the stock market opens Tuesday

Stock futures, in another volatile overnight session, were pointing to losses at Tuesday's open on Wall Street after the Dow's 5% comeback Monday.




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5 things to know before the stock market opens Friday

Dow futures drop Friday after President Trump threatened new tariffs on China over the coronavirus outbreak.




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5 things to know before the stock market opens Monday

Dow futures drop Monday as U.S.-China tensions escalate over the coronavirus. Airline stocks fell after Warren Buffett's Berkshire Hathaway sold all its stakes in United, American, Southwest and Delta.




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Here's what happened to the stock market on Monday

The momentum in the biggest U.S. technology shares supported the broader market.




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The Week Ahead: Disney reopens Shanghai park

CNBC's Dominic Chu looks ahead to what are likely to be next week's top business and financial stories.




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States are reopening, but is it safe or smart?

Cameron Wolfe, an infectious disease specialist at Duke University Medical School, weighs in on states reopening while the coronavirus pandemic is still taking lives.




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'If you're a shareowner in Amazon, you may want to take a seat' — Amazon reports earnings, plans to spend all Q2 profits on coronavirus response

Amazon will invest heavily in Covid-19 testing for its employees.




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DuPont doubles cost-savings target, slashes capital expenses

Industrial materials maker DuPont on Tuesday slashed its capital expenditure by about $500 million and raised its annual cost-savings target to counter global trade uncertainties brought on by the coronavirus outbreak.




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No exact playbook on how to reopen economies, doctor says

Peter Drobac, director of the University of Oxford's Skoll Centre for Social Entrepreneurship, discusses Europe's handling of the coronavirus crisis.




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Apple opens up iOS beta to public

CNBC's Dominic Chu and Manhattan Venture Partners Chief Economist Max Wolff discuss why Apple is giving the public access to a test version of its iOS 8.3.




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Opinion: Hollywood couldn't script a plotline like what's happening in oil right now

Keeping up with all the recent twists and turns in the oil market is difficult. Here's where things stand as what could be a pivotal week gets underway.




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One of Main Street's biggest fears in economic reopening — new regulations

As small businesses across the country grapple with economic reopening, one of their biggest fears is that new regulations will be a net negative for post-Covid-19 Main Street.