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Federal watchdog finds top vaccine doctor should be reinstated, lawyers say

A government watchdog has found that there is evidence that federal scientist Rick Bright was ousted as head of a health agency for his pushback to a controversial coronavirus drug treatment embraced by President Donald Trump, Bright's lawyers said.




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Ousted WeWork CEO Adam Neumann is suing SoftBank — Here's why

Founder and former CEO of WeWork Adam Neumann is suing SoftBank, the company's biggest investor. CNBC's Deidre Bosa reports.




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Over 50% of department stores in malls predicted to close by 2021, real estate services firm says

Department stores still represent about 60% of the anchor space within malls across the U.S. today, according to Green Street Advisors.




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Trump says coronavirus tests are 'overrated,' but he will get tested daily

The new daily testing policy for the president and the people in his circle comes hours after the White House acknowledged that a personal valet for Trump tested positive for Covid-19.




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Republicans stall on next coronavirus relief bill, United Airlines halts $2.25 billion bond offering

Covid-19 has infected more than 3.8 million people around the world as of Friday, killing at least 269,881 people.




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Moderna CEO says supply of coronavirus vaccine will be limited, US will help decide who gets it first

"We will all be supply constrained for quite some time, meaning we won't be able to make as many product as will be required to vaccinate everyone on the planet," CEO Stephane Bancel said on CNBC's "Squawk Box."




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Even if China sells US treasuries, demand from other sources will keep the dollar elevated: TD Securities

According to Mark Mccormick of TD Securities, there lacks a realistic alternative in the currencies markets, so even if China sells U.S. treasuries, demand from other sources will come in and keep the U.S. dollar elevated for the next couple of months.




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Elon Musk's lavish LA mansions appear to be listed for sale days after billionaire pledged to 'own no house'

The homes have a combined value of $39.5 million.




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Tesla reportedly halts car production at Chinese factory

It's unclear why Tesla halted its operations at the plant that's normally operated six days a week. But the move means that Tesla isn't making any cars worldwide.




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Tesla's Fremont plant will resume 'limited operations' on Friday

The plant will bring back around 30% of employees normally working on a shift.




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Stocks just posted their best month in decades, yet most of Wall Street hates this rally

"History tells us that the odds of another deep decline are very, very high," one strategist said.




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Bankrate: Americans are still grappling with the enormity of the economic crisis related to the virus pandemic

Bankrate's Mark Hamrick discusses the findings of a new survey on how Americans are feeling about their financial health, more than a month into coronavirus stay-at-home measures.




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Cramer says his most trusted indicator 'makes me concerned' about the market's trajectory

Stocks on Wall Street have reached levels that are "too hot" for Jim Cramer's liking.




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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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Investors should have up to 10% in this 'hedge against the unexpected,' says 'Godfather' of gold

George Milling-Stanley, who helped create the SPDR Gold Trust, says the precious metal is not just a hedge against inflation but against the unexpected.




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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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The S&P 500 ekes out a small gain to start the week, supported by strength from big tech

Stocks rose slightly on Monday to start the week, as the advance in the biggest U.S. technology shares lifted the market higher.




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Cramer explains why GE's board really booted former CEO John Flannery

Jim Cramer argues that the former General Electric CEO wasn't removed because of the speed of his turnaround.




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United Airlines not proceeding with $2.25B bond offering

CNBC's Phil LeBeau reports on United Airlines bond offering. With CNBC's Melissa Lee and the Options Action traders, Carter Worth, Mike Khouw and Tony Zhang.




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United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemic

United Airlines had reported a first-quarter pretax loss earlier this month.




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Wayfair shares rocket higher as coronavirus-related store closures shift more demand its way

Online furniture retailer Wayfair's net loss widened during the first quarter, as its sales surged nearly 20% from a year ago.




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SAS CFO says airline should be granted government support amid pandemic

Torbjorn Wist, CFO of SAS, discusses the airline's position in the coronavirus crisis and its seeking of state aid to support the company through the pandemic.




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Seeing opportunities in UK-listed companies, strategist says

Dan Kemp, CIO of Morningstar Investment Management EMEA, discusses the U.K. economy.




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Strong nutrition business lifted first-quarter earnings, DSM co-CEO says

Geraldine Matchett, co-CEO of DSM, discusses the company's first-quarter earnings.




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New tech expected from Apple

CNBC's Morgan Brennan and Piper Jaffray Senior Research Analyst Gene Munster discuss Apple's next possible moves following expectations of an online television service from tech giant.




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Markets have priced in unlimited policy support: Strategist

Mark Jolley of CCB International Securities says the rally in the markets is short-lived as central bank support cannot prevent a decline in first-quarter earnings.




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Stock markets are supported by 'liquidity and hope,' says Fitch Solutions

Central banks around the world have injected huge amounts of money in the economy, while investors are hoping that lockdown measures can be eased quickly and smoothly without further outbreaks of the coronavirus, says Cedric Chehab of Fitch Solutions.




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Op-ed: Recovering from this unprecedented oil crash could take years and may not benefit Saudi or Russian producers

Saudi Arabia and Russia aim to inflict pain on American producers, forcing them to shutter wells and give up the market share.




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Chinese tech giant Tencent reportedly surveilled foreign users of WeChat to help censorship at home

Chinese internet giant Tencent has been surveilling content posted by foreign users on its wildly popular messaging service WeChat in order to help it refine censorship on its platform at home, according to a new report.




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Options trader bets Zoom Video's run higher may just be getting started

Options traders are betting the videoconferencing stock may be gearing up for a double-digit move higher.




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Pharma giants granted coronavirus approvals but doubts remain on manufacturing a global vaccine

Experts warn that vaccine timelines look ambitious and argue more thought is needed on manufacturing.




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Millions of people are expected to fall ill with tuberculosis due to coronavirus lockdown

"This situation makes me sick, because (it) is totally avoidable," Lucica Ditiu, executive director of the Stop TB Partnership, said.




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Trump will make a deal with Iran if he gets re-elected, DAMAC chairman says

But Hussain Sajwani, chairman of Middle Eastern property development firm DAMAC, says he doesn't expect President Donald Trump to secure a deal in the Middle East this year.




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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 are expected to trade the economy's reopening in the week ahead

Investors will watch the economy's reopening, Fed Chairman Powell, and and economic reports, including retail sales in the coming week.




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The dollar's strength appears unabated

The breakout in the U.S. dollar appears to have slowed. Technical features suggest, however, that it is easy for the dollar to develop more upside, Daryl Guppy writes.




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Uber Q1 net losses $2.9B adj vs. $1.4B estimated

CNBC's Deirdre Bosa reports quarterly earnings from Uber.




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Zillow beats revenue $1.1B adj. vs. $1.06B estimated

CNBC's Diana Olick reports quarterly earnings from Zillow.




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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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These 3 tweaks will simplify your money. Because life is complicated enough

Streamline your money life with a few easy changes and mindset tweaks. Life is difficult enough right now.




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How health savings accounts have adjusted for the coronavirus pandemic

Health savings accounts, or HSAs, will cover Covid-19-related testing and treatment, among other things.




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Federal business disaster loans now capped at $150,000 and limited to agriculture

The Small Business Administration has sharply curtailed the Economic Injury Disaster Loan program, limiting new applicants to only agricultural businesses and capping max loan amounts at $150,000, down from $2 million, according to reports.




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Why unemployment benefits for the self-employed may be less than expected

Self-employed workers applying for unemployment benefits may get less than they think because of how they report income.




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Sotheby's CEO on how the company shifted focus during Covid-19 pandemic

Charles Stewart, Sotheby's CEO, on how the company has shifted business during the pandemic. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.




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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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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 Goldman's Jan Hatzius believes job losses may be higher than reported

Jan Hatzius of Goldman Sachs joins "Squawk on the Street" to discuss the latest jobs number, which saw the unemployment rate soar to 14.7 percent.




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Markets anticipating more rapid turnaround than expected, says Art Cashin

Art Cashin of UBS joins "Squawk Alley" to discuss the state of the markets and the economy.




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Ole Gunnar Solskjær says Manchester United will not force players to return

  • Some of them may not be mentally ready because of Covid-19
  • ‘You wouldn’t hold anything against them,’ manager says

Ole Gunnar Solskjær says he would not force any Manchester United footballer to play if they did not feel “mentally ready” due to concerns about coronavirus.

The Premier League hopes to get the go-ahead for a mid-June return and Solskjær has all his squad back in the country for a potential resumption of training. Yet the manager is conscious some may have reservations about doing so.

Continue reading...




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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.

Continue reading...