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Did you know Alcoa helped make all this?

Alcoa is an integral part of consumers' lives whether they know it or not.




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HSBC results were unsurprising given economic fallout from coronavirus, says analyst

HSBC's first-quarter earnings were not surprising given the global economic fallout of the coronavirus pandemic, says Filippo Alloatti, senior credit analyst at Federated Hermes. He also discusses the bank's decision to suspend share buybacks and dividend payouts for now.




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'All we want is reciprocity' with China: US State Dept

Morgan Ortagus, spokesperson for the U.S. State Department, discusses the relationship between America and China. She says the U.S. "has really woken up to the threat" that the Communist Party of China poses to "our allies and our interests and our friends."




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The rally is running out of steam, and for good reason

The stock market gave up massive gains on Tuesday, and stocks have gone from dramatically oversold to no longer oversold, at least on a short-term level.




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Op-Ed: SBA chief pledges 'every available resource' to aid small businesses

All small businesses are eligible, including non-profits, self-employed individuals, sole proprietorships, and independent contractors, writes SBA Administrator Jovita Carranza.




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Op-ed: The market comeback seems callous, but investors are betting on a bright post-crisis future

Stocks have risen swiftly as investors look beyond the coronavirus pandemic, but millions of Americans continue to suffer unemployment and sickness.




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Op-ed: Markets rising as economic numbers plunge is historically a setup for disappointment

We do not know how long investors will be patient, how long markets will rise on the policy response, how low the economic numbers will fall and for how long.




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Ireland says Brexit trade talks timeline 'virtually impossible'

The coronavirus pandemic has made an already difficult timeline for a British-European Union trade deal "virtually impossible", Ireland's foreign minister said, cautioning that he did wish to raise expectations of London seeking more time.




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US commitment to Gulf allies' security 'not at all changed' despite Patriot systems drawdown, Iran envoy says

Washington's commitment to the security of its Gulf allies is unchanged despite what appears to be a shift in force posture in the region, U.S. Special Representative for Iran Brian Hook told CNBC.




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Options trader bets $2 million on a monster rally for gold

One options trader is betting on a solid gold rally for the yellow metal into late spring.




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The Final Call: ATVI, PYPL & GDX

The Options Action traders give their final trades heading into next week.




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Lime CEO: Seeing really strong demand over last four weeks

CNBC's Deirdre Bosa talks with Wayne Ting, Lime CEO, after Uber announced it's leading a $170 million investment round in Lime. Uber will transfer its own electric bike and scooter business to Lime under the terms of the deal.




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Moderna's vaccine candidate could potentially get regulatory approval in 2021

Moderna has received FDA approval for the company's Covid-19 vaccine to continue into the second phase. CNBC's Meg Tirrell reports.




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Wholesale inventories fall 0.8% in March

CNBC's Rick Santelli reports the latest wholesale inventories data for the month of March.




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Total's net profit falls 35% in the first quarter as oil prices slide

Total reported that first-quarter net profit came in at $1.8 billion, down from $2.8 billion over the same period last year.




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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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Spotify removes podcast featuring interview with conspiracy theorist David Icke, while Apple stalls

The streaming service pulled the episode hours after CNBC brought it to the company's attention, but Apple is yet to pull the same podcast.




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Brexit delay puts Bank of England in a really tight spot, expert says

Hetal Mehta, senior European economist at Legal & General Investment Management, discusses the impact of Brexit on U.K. policymakers.




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Washington's heart 'really isn't in it' with Russia sanctions: Director

Samuel Greene, director of the Russia Institute and reader of Russian politics at King's College London, speaks to CNBC about new U.S. sanctions on Nord Stream 2.




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You can't deal with international trade if not multilaterally, OECD chief says

Angel Gurria, secretary general of the OECD, discusses U.S.-China trade, multilateralism and digital taxes.




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Jobless claims tally could top 30 million if new filers are close to last week's level

About 4 million workers could have filed for unemployment benefits last week, bringing total claims above 30 million in just six weeks.




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The dollar is set to be on the rebound, expect a potentially fast rally

The key question now is about the strength of the pullback for the dollar, and the potential to develop a new rebound rally, according to Daryl Guppy.




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Gold may be set for a fall to $1,130

Gold's consolidation over the past few weeks has triggered short covering, but it has not encouraged new long positions, Daryl Guppy writes.




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It's not all about impeachment. These bills could impact your finances

Washington can feel pretty gridlocked these days. Still, there's a number of bills underway with bipartisan support that could impact your wallet.




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Here's how the new retirement legislation could fall short

The Secure Act, signed into law days ago by President Trump, aims at boosting access to workplace retirement plans such as 401(k) plans, yet may fall short of expectations.




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Unemployment benefits for gig and self-employed workers stalled by confusion, delays

The new coronavirus relief law extends unemployment benefits to gig, self-employed and other previously ineligible workers, but they may have to wait to file and receive benefits.




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7.5 million small businesses are at risk of closing, report finds

Millions of small businesses will close permanently if disruption caused by the coronavirus pandemic persists, according to a new survey from Main Street America.




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Co-CEO of footwear company Allbirds on decision to return PPP loan

Footwear company Allbirds announced this week it has returned its Paycheck Protection Program small business loan. Joey Zwillinger, Allbirds co-founder and co-CEO, joins "Squawk Box" to discuss.




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Victoria Falls dries to a trickle after worst drought in a century

One of southern Africa’s biggest tourist attractions has seen an unprecedented decline this dry season, fuelling climate change fears

For decades Victoria Falls, where southern Africa’s Zambezi river cascades down 100 metres into a gash in the earth, have drawn millions of holidaymakers to Zimbabwe and Zambia for their stunning views.

But the worst drought in a century has slowed the waterfalls to a trickle, fuelling fears that climate change could kill one of the region’s biggest tourist attractions.

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

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Worst drought in a century shrinks Victoria Falls to a trickle – video

Victoria Falls, on the border of Zimbabwe and Zambia, has slowed down to a trickle after an unprecedented decline in water levels, officials have said. Data from the Zambezi River authority showed water flow at its lowest since 1995, and well under the long-term average. 

The Zambian president, Edgar Lungu, said it was a stark reminder of what climate change is doing to the environment, yet some scientists are cautious about categorically blaming the climate crisis. Harald Kling, a hydrologist at engineering firm Pöyry and a Zambezi River expert, said climate science dealt in decades, not particular years, 'so it’s sometimes difficult to say: this is because of climate change because droughts have always occurred'

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Support small businesses with gift cards – but know the risks

Purchasing gift cards are a way to support struggling small businesses. But if they don't make it out of the pandemic, you will be out of pocket.




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Your financial advisor may not actually be an 'advisor'

An SEC rule is requiring many brokers, often referred to as financial or wealth advisors, to stop marketing themselves as "advisors" next month.




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Designer Rebecca Minkoff's advice for small businesses trying to survive the coronavirus pandemic

As co-founder and creative director of her own fashion line, Rebecca Minkoff understands the current struggles small-business owners are now facing — especially women. Here's her advice on how to survive.




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Cornerstone Macro's Carter Worth says financials fall may continue

Cornerstone Macro's Carter Worth takes a look at the financial sector. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Guy Adami, Brian Kelly and Steve Grasso.




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Mounting wall of worry for markets

Markets eke out gains by the end of the day. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Dan Nathan and Karen Finerman.




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As markets rally, technician says the charts suggest more gains ahead

Strategas' Chris Verrone on where the markets are headed from here. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.




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Paul Tudor Jones calls bitcoin 'fastest horse' in this environment

FM trader Brian Kelly on legendary investor Paul Tudor Jones buying bitcoin. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and Dan Nathan.




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Historic job losses, and stocks rally

Stocks were up today despite a record drop in payrolls. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Brian Kelly and Jeff Mills.




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WHO conditionally backs Covid-19 vaccine trials that infect people – as it happened

20m Americans lost their jobs in April; Donald Trump says virus will ‘go away without a vaccine’. This blog is now closed, follow our new blog below

We are closing this blog now, but you can stay up to date with all the latest news on our new global live blog which you can find below.

Related: Coronavirus live news: global cases approach 4 million as US unemployment hits 14.7%

New Zealand’s cabinet will meet on Monday to decide the future of the country’s tough but effective lockdown – though Kiwis have been told not to visit their mums this Mother’s Day.

Next week, Ardern’s government will plot a path back to something close to normality, meeting to decide a timetable for the removal of social and business restrictions. The prime minister has already released what level two restrictions will look like, including the re-opening of restaurants, hairdressers, gyms, cinemas and public facilities like museums and libraries.

Social restrictions could end immediately, with provisions for schools, business and personal movement more likely to be phased in.

Any decision will come too late for Kiwi mums to enjoy visits from sons and daughters not already in their household bubbles. Ardern has banned socialising outside of existing households, with few exceptions, and told Kiwis this week to “stick to the plan” ahead of Monday’s review.

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'It happened all at once': Tara Reade details assault claim against Joe Biden in Megyn Kelly interview

Former staffer discusses allegation in in-depth interview with the former Fox News and NBC host

Tara Reade repeated her allegations of sexual assault against Joe Biden in an in-depth interview with Megyn Kelly released on Friday, answering questions on who she shared her story with and why she supported the former vice president publicly in the past.

Reade has accused Biden of sexually assaulting her in 1993, when she worked as an aide in his Senate office. She told Kelly, a former Fox News and NBC host who memorably sparred with Trump during the 2016 campaign over his treatment of women, that Biden pushed her against the wall in a Senate hallway and digitally penetrated her against her will.

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Tony Allen, legendary drummer and Afrobeat co-founder, dies aged 79

Gilles Peterson and Flea of Red Hot Chili Peppers pay tribute to the Fela Kuti collaborator, described by Brian Eno as ‘perhaps the greatest drummer who ever lived’

The Nigerian drummer Tony Allen, who is credited with creating Afrobeat along with his old bandmate Fela Kuti, died suddenly at the age of 79 in Paris on Thursday, his manager said. “We don’t know the exact cause of death,” Eric Trosset said, adding it was not linked to the coronavirus pandemic.

“He was in great shape,” said Trosset. “It was quite sudden. I spoke to him at 1pm then two hours later he was sick and taken to Pompidou hospital, where he died.”

Related: Tony Allen: Afrobeat’s master on Hugh Masekela, Damon Albarn and friction with Fela Kuti

The epic Tony Allen, the greatest drummer on earth has left us. What a wildman with a massive, kind and free heart and the deepest one-of-a-kind groove. Fela Kuti did not invent afrobeat, Fela and Tony birthed it… https://t.co/qXqMAP7QzT

RIP TONY ALLEN. THE GOAT AMONGST GOATS. DO YOUR RESEARCH. LEGENDS NEVER DIE. THE INVENTOR OF RHYTHM #Afrobeat

Merci Tony Allen....https://t.co/Oizisc8wWd

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Tony Allen obituary

Masterful drummer and co-creator of Afrobeat, the fusion of funk, jazz and African styles that he pioneered with Fela Kuti

On 12 and 13 March there were two concerts in the Church of Sound series at St James the Great Church in Clapton, east London. They were staged in the round, with both the audience and the small band of brass, keyboards and guitar circled around the star player, arguably the finest drummer on the planet.

As ever, Tony Allen looked cool and relaxed, sporting a hat and dark glasses, sitting upright with the rest of his body hardly moving as his hands and feet beat out the thrilling, complex rhythms, or “patterns” as he called them. The music came from his latest album, Rejoice, recorded with his friend Hugh Masekela, and these were to be his last shows.

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For all the brave words, Jupiter's move is essentially defensive | Patrick Collinson

The UK’s fund management industry is losing the war against index tracking

What’s gone wrong with Britain’s fund management industry? Over the past year share prices have soared globally, which usually translates into boom times for asset managers, whose income is based on a percentage cut from the total amount of money under management. Yet the UK’s industry is beset with scandals and sliding fortunes among some of the once most-revered names.

Jupiter is attempting to arrest its decline with a £370m takeover of Merian (once Old Mutual’s investment arm), creating a £65bn group that boss and serial deal maker Andrew Formica promises investors will be “highly earnings accretive”.

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Could Microsoft’s climate crisis ‘moonshot’ plan really work?

The tech giant’s pledge to go carbon negative by 2030 leans heavily on nascent technology such as machines that suck carbon out of the air

Microsoft drew widespread praise in January this year after Brad Smith, the company’s president, announced their climate “moonshot”.

While other corporate giants, such as Amazon and Walmart, were pledging to go carbon neutral, Microsoft vowed to go carbon negative by 2030, meaning they would be removing more carbon from the atmosphere than they produced.

It will cost them money, but it will allow the technologies to come online and for the next company to follow their footsteps

It’s extremely hard to lead if there’s no one there to follow

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Assassin’s Creed Valhalla among 13 games announced for Xbox Series X

Xbox livestream showcases new titles designed to support the advanced features of the forthcoming console

Microsoft has revealed 13 games coming to its Xbox Series X console when the machine launches this winter. In an hour-long presentation, streamed live on Thursday, the company announced that well-known titles such as the recently announced Assassin’s Creed Valhalla, as well as Madden NFL 21 and Yakuza: Like a Dragon, will all be on Xbox Series X.

Also featured was Paradox Interactive’s vampire adventure, Vampire: The Masquerade – Bloodlines 2. Codemasters presented its racer DiRT 5 complete with impressive lighting and mud splatter effects, and an option to run it in 4K at 60 frames-per-second or in a lower resolution at 120fps. Namco Bandai showed a new anime-style sci-fi thriller named Scarlet Nexus, about a group of psychic law enforcers.

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US Nasdaq index recovers all of 2020's losses triggered by Covid-19

Gains from the likes of Amazon, Netflix and Microsoft boosted the index as it turned positive

The technology-heavy Nasdaq index turned positive for 2020 on Thursday, boosted by gains in the share prices of companies such as Amazon, Microsoft and Netflix, which have fared well during the Covid-19 lockdown.

The US index caught up all this year’s losses, taking it back to its level at the beginning of January, after rising 1.4% on Thursday to 8,979.66. It ended last year at 8,972.

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Watch CNBC's full interview with Parsley Energy CEO Matt Gallagher

Parsley Energy CEO Matt Gallagher joins 'Power Lunch' to discuss Parsley Energy's positive quarterly earnings despite the Covid-19 pandemic. He also speaks on the company's production and the state of the oil industry.




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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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Going to see companies hit cash crunch in third quarter: LaSalle Network CEO

More than 20 million jobs were lost in the month of April. Tom Gimbel, LaSalle Network CEO, and CNBC's Steve Liesman join 'Power Lunch' to discuss the state of U.S. jobs and when a recovery could happen.




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NYC brokers expect real estate prices to fall up to 20%

Many real estate deals were renegotiated or cancelled when the world was placed on hold due to the coronavirus pandemic. CNBC's Robert Frank reports the numbers.