ine

Top ad firm outlines business sectors hit the most by the pandemic, and the ones that are faring better... for now

Sectors like health care or financial services have been less impacted by the pandemic so far, but Omnicom foresees demand for marketing services to decline as advertisers cut costs in the short term.




ine

Hydroxychloroquine fails to help hospitalized coronavirus patients in US funded study

Hydroxychloroquine, a decades-old malaria drug touted by President Donald Trump, didn't appear to help hospitalized patients with Covid-19, according to a new observational study.




ine

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.




ine

Frontier Airlines to check passenger temperatures. Too high, you won't fly

Before boarding, passengers and crew members will have their temperatures checked at the gate. If someone registers a temperature of 100.4 or higher, they will be kept at the gate.




ine

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.




ine

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."




ine

US lawmakers urge Mnuchin to crack down on airlines cutting worker hours after taking billions in coronavirus aid

Three Senate Democrats are urging Treasury Secretary Steven Mnuchin to crack down on airlines that are cutting employee hours, despite billions in federal coronavirus relief.




ine

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.




ine

World risks famines of 'biblical proportions' from pandemic, says UN

As many as 260 million people risk being on the brink of starvation as economies deteriorate and supply chains break down worldwide due to the coronavirus pandemic, says David Beasley, the United Nations World Food Programme's executive director.




ine

Didi's core ride hailing business is profitable, says president

Roughly 60% to 70% of Didi Chuxing's business has bounced back from the coronavirus crisis in China, says Jean Liu, president of the mobile app-based transportation firm.




ine

Medical supplies provided a boost for Chinese exports: Economist

Jian Chang of Barclays Asia Pacific says medical supplies are a key factor driving the increase in China's export numbers. Jian Chang also explores the worsening U.S.-China relationship in recent weeks amid the coronavirus crisis, with the trade agreement being a key focal point.




ine

Nintendo's 2020 game pipeline is looking weak: Analyst

Despite the strong demand for Nintendo's Switch console and the breakout success of its "Animal Crossing: New Horizons" title, Kazunori Ito of Morningstar Investment Management Asia says he does not see a strong game pipeline for the company this year.




ine

Cars could go completely driverless 'very soon,' says CEO of Chinese autonomous driving tech start-up

Currently, most regulations across various cities in China still require the presence of a safety driver in vehicles.




ine

USAA chief: Coronavirus 'cabin fever' may be behind car crash uptick after initial steep decline

"The last couple of weeks we've seen a slight uptick in those rates, certainly not because stores are reopening," USAA CEO Wayne Peacock told CNBC.




ine

Ford and 3M begin shipping respirators to front-line health workers fighting coronavirus pandemic

About 90 United Auto Workers union members have assembled more than 10,000 respirators at a Ford plant near Flat Rock, Michigan.




ine

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.




ine

GM raises $4 billion in bond offering, expects to establish new $2 billion credit line

General Motors plans to further strengthen its cash position during the coronavirus pandemic through an offering of senior unsecured fixed rate notes, the company announced Thursday.




ine

Subway CEO defends franchise owners who applied for coronavirus small business loans

"We literally have 10,700 franchisees in the U.S., and on average they own two restaurants apiece," Subway CEO John Chidsey told CNBC.




ine

Ex-TARP watchdog says Washington is to blame for large companies receiving small business loans

"I mean, Congress went out of its way to carve out businesses that have more than 500 employees but are restaurants, chain restaurants," ex-TARP watchdog Neil Barofsky told CNBC.




ine

Mark Cuban says a lottery system is the only fair way to grant small business coronavirus loans

Cuban, who owns parts of many small businesses through "Shark Tank," also said owners should apply to multiple banks to boost their chances of getting relief.




ine

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.




ine

These business owners couldn't get a forgivable loan at first. Then it was easy.

Business owners who successfully got loans during the second round of the Paycheck Protection Program describe the emotional roller coaster of the process.




ine

How this company totally transformed its business model to survive the coronavirus

Gargiulo Produce opened in 1929 as a vegetable cart going door to door to sell food. Now, the company sells online to survive the coronavirus shutdown.




ine

Kudlow says third round of PPP small business loans might be needed as demand soars

The second round of the Paycheck Protection Program launched last Monday and has so far provided over 2 million loans worth over $175 billion out of the total $310 billion Congress authorized in the latest relief package.




ine

How Latino small business owners are keeping their businesses running during coronavirus

Latino entrepreneurs are among the majority of small business owners directly impacted by the economic fallout.




ine

Small business confidence crashes, revealing more Main Street carnage may lie ahead

Main Street confidence hit a record low in the Q2 2020 CNBC Small Business Survey, with the coronavirus causing a majority of entrepreneurs to fear permanent changes, including bankruptcy.




ine

Clock ticking for small businesses squeezed out of government loans, now have a few months or less to survive, survey reveals

Only 13% of small businesses that applied for relief through the Paycheck Protection Program have received funding, according to the CNBC/SurveyMonkey Small Business Survey released Monday.




ine

Coronavirus fraud: Two New England men are first to be charged with scamming small business loan program

The men are charged with fraudulently applying for more than $500,000 in assistance from the new CARES Act Payroll Protection Program, which is designed to help businesses affected by the coronavirus outbreak.




ine

Small business loans are not going proportionately to the hardest-hit areas, Fed study shows

States enduring the brunt of the Covid-19 crisis are receiving a smaller proportion of emergency small business loans, a Fed study found.




ine

Klobuchar, Warren urge FTC to take more steps to help small businesses avoid coronavirus scams

Amy Klobuchar and Elizabeth Warren raise concerns about scammers taking advantage of business owners seeking aid during the coronavirus.




ine

'Shark Tank' investor Kevin O'Leary: 20% of small businesses that got federal loans will fail

The "Shark Tank" investor also tried to look at the bright side: "So 80% are going to make it, in my view. That means it was a great investment."




ine

Wells Fargo will no longer accept applications for home equity lines of credit

Banks have been retreating from loans tied to housing as the coronavirus pandemic impacts home values and the creditworthiness of borrowers.




ine

Jim Cramer says Buffett's sale of airline stocks makes him 'very concerned about the near term'

Cramer said that he viewed Buffett bailing on airlines as a sign that there were serious issues in the broader economy.




ine

Retail investors bought airline stocks even as travel slowed to a trickle, TD Ameritrade says

"I don't think you're buying these thinking that that business is coming back immediately," TD Ameritrade chief market strategist JJ Kinahan told CNBC.




ine

NYT: EU bows to pressure to soften criticism of how the Chinese government pushed disinformation about the coronavirus

New York Times reporter Matt Apuzzo discusses his piece on how Beijing moved to tamp down criticism from the West over its response to the coronavirus pandemic.




ine

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.




ine

Tannebaum: Businesses are treading cautiously to stay within the confines of the conditions of the PPP

Daniel Tannebaum of Oliver Wyman discusses the liability issues companies who participate in the Paycheck Protection Program face, and how the government should continue to refine the legislation.




ine

Norwegian Cruise Line raises over $2 billion to withstand 'well over' a year without revenue

"When the transactions are completed, the additional liquidity alleviates management's concern about the Company's ability to continue as a going concern for the next 12 months," Norwegian said in a statement Wednesday.




ine

Lloyd Blankfein says big companies should be 'very reluctant' to tap small business relief program

Blankfein may be speaking from experience: Goldman took $10 billion from the Treasury's Troubled Asset Relief Program in October 2008.




ine

How Am I Doing? Jacqueline

Jacqueline, who's 46, single and lives in Washington, D.C., tells Suze she wants to retire at 67 and travel. She wants to know if she's on track to meet her goal.




ine

Estee Lauder CEO: 'Consumer finds a way to get the product they want,' as online sales grow double digits

"The consumer finds a way to get the product they want" and "found a way to buy our product online more than usual," Estee Lauder CEO Fabrizio Freda said.




ine

Emergent Biosolutions CEO on Trump's wishes to develop a vaccine by year end — 'Nobody can guarantee anything'

"We're here ... doing everything we can to make sure that a vaccine and treatments are available as soon as possible," CEO Robert Kramer said.




ine

Warren Buffett's exit from airline stocks is a wake-up call for index investors, Jim Cramer says

"I recommend selling" some position in the S&P 500 index fund "if the [upward] streak continues," the "Mad Money" host said.




ine

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.




ine

Norwegian Cruise Line CEO: 'We expect to sail sometime in 2020'

Norwegian Cruise is working "shoulder-to-shoulder" with health officials to "develop an enhanced protocol" to relaunch cruise trips, CEO Frank Del Rio said.




ine

Jim Cramer on Moderna vaccine-sparked rally: 'Let's not get ahead of ourselves'

"This market does have a tendency to bounce between unbridled optimism and total despair — no middle ground," the "Mad Money" host said.




ine

Pfizer to outsource some drug production, focus on coronavirus vaccine

Pfizer said on Friday it is in talks to shift more of its medicine production to outside contractors as it prepares for large-scale production of an experimental vaccine to prevent Covid-19, should it prove safe and effective.




ine

How the coronavirus could kill the $2 billion US bail bond business

Crimes and arrests are down nationwide during the pandemic as people obey stay-at-home orders and police departments reduce operations. This has led many bail bond companies to lay off entire staff.




ine

Paycheck Protection Program may have left minority business owners behind due to an implementation failure

The inspector general also found the SBA and Treasury Department issued requirements for loan forgiveness that do not align with law.




ine

Wall Street traders adapt to working from home as business booms

Trading firms had two main concerns about traders working from home: Would the technology work and would traders be able to effectively interact with each other and their clients. So far, traders are adapting.