Tag Archives: S&P 500 Index

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One of the hottest video game stocks is preparing to release a report next week.

Activision BlizzardThe report will be released on Tuesday and it has risen 39% this year. For comparison, S&P 500 It only rose by 1%.

Todd GordonThe managing director of Ascent Wealth Partners believes that tailwind will push Activision higher.

Gordon said: “Video games are becoming more and more attractive to the aging population; we are slowly starting to resume the production of Hollywood movies; content creators like Netflix are going deep into their content fields. If Hollywood production continues to be suppressed, video game companies’ Demand will increase.” told CNBC”Trading country” Thursday.

Activision produces popular franchises, including “Call of Duty”, “World of Warcraft” and “Overwatch.”

“When we look at the chart here, I like the resistance level we see here, which is around $85…We really like this trend and it brings such benefits, especially in new family homes. , Work from home environment.” Gordon said.

“If you want to own stocks, it’s definitely a good idea to enter the earnings. If you want to trade options, this is what I prepare for you-until September, once a month, buy 82.5 phones and sell 87.5 phones. “Gordon said.

Gordon said that the $5 spread that expires on September 18 would require approximately $1.90, and explained that “the maximum risk is $190, [to] Earn 310 dollars. “

Activision closed at $82.63 on Friday.

Disclosure: Ascent Wealth Partners owns Activision Blizzard.



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Beyond Meat Is Entering Brazil. Stocks usually react well to the news. | Instant News

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Europe prepares for summer ‘like no other’ | Instant News

Stocks fell for the second day in a row after the Nasdaq broke the 6-day winning record on Tuesday. Investors and health officials seem increasingly worried about the possibility of a second wave of Covid-19 cases and further economic downturn as foreign states and governments move forward by lifting restrictions. Preliminary data from U.S. states which show the most aggressive reopening increased virus spread, according to former FDA Commissioner Dr. Scott Gottlieb.

This is CNBC’s direct blog which covers all the latest news on the Internet coronavirus epidemic. All times below are in Eastern time. This blog will be updated throughout the day when the news is broadcast.

  • Global case: More than 4.3 million
  • Global Death: At least 293,514
  • US case: More than 1.3 million
  • US Death: At least 82,806

The above data was compiled by Johns Hopkins University.

14:28: Federal hazard wage laws prove difficult for important workers

Important workers who seek Congress to approve salary increases may have to wait at least a few more weeks to get financial support. When lawmakers pile praise on the “heroes” on the front lines, they have not yet passed wage increases for workers who are at high risk of being contracted by Covid-19.

The latest in a series of hazard payment proposals at Congress came on Tuesday, when House Democrats put in $ 200 billion to raise important workers’ wages in their $ 3 trillion “HEROES Act”.

Constitution get past the building on Friday, but has little chance of passing the GOP held by the GOP and becoming legal. Congress also has not yet received a separate danger payment proposal from the Democratic Senate and Senator Mitt Romney, R-Utah.

The plan will include people who still have to work on site during the pandemic, including health care, food services, and transit workers.

“It’s time to put your money where your mouth is,” said Bob Gibson, 1199 vice president of International Union Local Employee Services in Florida, a country where unions represent 25,000 health care employees. —Jacob Pramuk

14:15: Amazon will end wage increases and double overtime pay in June

Amazon will provide hourly wages and overtime pay for workers to May 30, but both policies will end in June. This announcement marks the second time Amazon has extended this policy.

In March, the company was announced it will raise hourly wages and provide double overtime pay for warehouse and shipping workers. That later be extended these benefits until May 16.

An Amazon spokeswoman confirmed to CNBC that they would return to regular wages and overtime pay at the end of the month, adding that Amazon “thanked partners who supported customers when demand increased.”

While Amazon has extended hazard payments to workers, Amazon continues to face criticism of its decision to end its unpaid unpaid time policy. Warehouse workers had previously told CNBC that the policy was a valuable resource for them during the pandemic, because it allowed them to stay at home free of charge and face no penalty for losing work. —Annie Palmer

14:03: New York has paid $ 7.4 billion in unemployment claims to around 1.7 million residents

Melissa DeRosa, Governor Andrew Cuomo’s secretary, said at a press conference that the country’s labor department had paid $ 7.4 billion to around 1.7 million residents who struggled with unemployment in the first seven weeks of the Covid-19 crisis.

DeRosa said that number was approx six times the number of claims filed during the 2008 financial crisis when 300,000 New Yorkers lost their jobs. Some residents said they had struggled to apply for and receive unemployment in the state, citing a period of waiting for months since they first applied.

Cuomo said the state was trying to process as many claims as possible without the consent of citizens who did not meet federal criteria. “You want to finish it in one day, but you want to finish it right,” he said. —Noah Higgins-Dunn

13:53: Colby College might delay the fall semester

Colby College, a small liberal arts school in Maine, might consider postponing its fall semester to ensure private classes can take place, according to trustee Bob Diamond.

“One of the things we have decided as the head of the college, and as the board of trustees, is that even if we have to postpone the first semester until December or January, we can still carry out a full year in personal education,” said former Barclays CEO on CNBC’s ” Squawk Box.

“Higher education institutions throughout the country grapple with questions about how, or whether, students can safely return to campus in the fall amid the threat of Covid-19. –Kevin Stankiewicz

1:05 noon: The future of a flexible workspace

What is the future of flexible workspaces, and how does the industry respond to the coronavirus pandemic?

We chat directly with Julie Whelan, head of Americas Occupier Research at CBRE and CNBC technology editor, Ari Levy.

Have questions about the future of work? Leave a comment on our Facebook post.

1:00 pm: Request for retail sales can evaporate forever

A sign in the shop window when the state of Florida enters the first phase of plans to reopen the state on May 4, 2020 in Saint Augustine, Florida.

Sam Greenwood | Getty Images

Where have you been 5% to 10% of Pre-Covid-19 requests for clothing and shoes can be destroyed permanently, because “lost store volumes cannot be completely made online,” Wells Fargo’s retail analyst Ike Boruchow said in a note to clients.

It will likely take a long time for shoppers to return to the store, even when they reopen during a pandemic. It may take at least 9 months for sales to reach a “new normal,” predicts Wells Fargo.

Meanwhile, online activities will continue to increase. About 25% of clothing and footwear purchases are made on the internet in the US today, said Wells Fargo. But that could reach 30% due to a pandemic, he said. —Lauren Thomas

12:53: Conde Nast will lay off about 100 US employees

Magazine giant Conde Nast laid off almost 100 employees in the U.S., according to a memo obtained by CNBC.

The company will issue around 100 more employees and reduce working hours by a small amount, according to the memo. Conde Nast will notify affected employees Wednesday.

“This decision has never been easy, and not something I take lightly,” Chief Executive Robert Lynch wrote in the memo to employees. Some publishers have been affected by a sharp drop in advertising revenue caused by the Covid-19 pandemic, causing some workers to reduce their workforce in an effort to cut costs. –Jessica Bursztynsky

12:49 pm: DOJ’s main antitrust officer responds to Warren and Ocasio-Cortez’s push to stop the company’s merger

The country’s top antitrust official, Makan Delrahim, told CNBC putting a moratorium on mergers of large companies would be “misguided,” after lawmakers pushed for a ban on an agreement in Congress.

Senator Elizabeth Warren, D-Mass., And fellow Rep. Progressive Alexandria Ocasio-Cortez, D-New York, wants a moratorium on transactions for companies with revenues of more than $ 100 million, as well as several private equity funds and hedge funds. But Delrahim told Andrew Ross Sorkin of CNBC that he believed an agreement might, in fact, be needed to help companies manage their liquidity, and to keep employees in their jobs.

He also goes through how he will determine whether a company that submits a suitable offer will qualify for a “failed company” defense, which will allow the Department of Justice to approve an agreement that might be blocked.

To meet these criteria, a company must prove that it cannot fulfill its financial obligations or reorganize its debt through bankruptcy and has made a good-faith effort to find a less competitive buyer, Delrahim said. –Lauren Hirsch

12:33: European summer vacation season will look very different this year

People relax in the sun at the London Fields park in east London on April 25, 2020, during the national closure due to the new COVID-19 coronavirus pandemic.


It will be summer “like no other.”

That is an honest prediction by the European Union, which launched a new one guidelines on how the tourism industry should be reopened amid the coronavirus crisis.

According to the Brussels agency, staff must receive training on the symptoms of Covid-19, businesses must reduce the physical presence of employees as much as possible and social distance measures must be applied in public areas.

They also recommend reserving slots for eating and using the pool. –Matt Clinch

12:15: The FBI issued a warning about hackers targeting vaccine research

Hackers linked to the Chinese government are trying to steal research related to coronavirus in vaccines, maintenance and testing, the FBI and U.S. cyber security agents warn.

The FBI said it was investigating “the targeting and compromise of US organizations conducting research related to COVID-19 by [People’s Republic of China]- Affiliated cyber actors and non-traditional collectors. “

“The potential for information theft is jeopardizing the delivery of safe, effective and efficient treatment options,” the agency said in a joint statement.

U.S. officials has long complained that theft of Chinese intellectual property has hurt the economy of billions of dollars in income and thousands of jobs and threatens national security. China states that they are not involved in intellectual property theft. –Kevin Breuninger

12:02: More than 80 children in New York City suffer from coronavirus inflammation syndrome, the mayor said

A view outside the Bellevue hospital during the coronavirus pandemic on May 1, 2020 in New York City.

Noam Galai | Getty Images

Health officials have identified 30 additional children with multi-system pediatric inflammatory syndrome, a potentially fatal disease that doctors suspect is caused by Covid-19 infection.

Of the New York City cases, 53 tested positive for having the corona virus or having antibodies against the disease, indicating that they previously had the corona virus and recovered, Mayor Bill de Blasio told a news conference.

Symptoms of PMIS include prolonged fever, rashes, very bright red lips, swollen hands and feet and abdominal pain and can cause heart and kidney failure in children with Covid-19, health officials say.

The city will begin a digital advertising campaign on Wednesday to warn residents about the disease, de Blasio said. –Noah Higgins-Dunn

11:43 am: Amazon’s signal sending time is returning to normal after weeks of delay

Amazon drivers start the shipping route when workers at Amazon’s warehouse in Staten Island, New York get ready to leave their jobs demanding enhanced protection and pay after several workers at the facility are diagnosed with COVID-19.

Paul Hennessy | Barcroft Media | Getty Images

Amazon made several recent steps that indicate it is recovering from delays related to coronavirus. The company told the seller on Saturday that I wast will no longer limit shipments of non-essential items based on quantity.

Before the change, Amazon has limited the number of units that sellers can send per order to their warehouses, because they are trying to balance the demand for goods that are not essential and essential.

In addition, earlier this week, Amazon added back the superior offer section and the “Frequently bought together” widget to the product list. This service has been restricted for the past few weeks, because Amazon has tried to limit additional purchases from buyers.

One of Amazon’s last remaining barriers is to return the one and two-day shipping options. Next day shipments are now starting to return online to certain cities in the US, but have not been restored nationally, which indicates the Amazon warehouse has not fully recovered. –Annie Palmer

11:29 am: Disney can receive $ 1 billion every month so the park remains closed

An empty road leads to a quiet Disney resort after being closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020.

Daniel Slim | AFP | Getty Images

Disney might be able to reopen its amusement park in Shanghai, but the company is on track to lose about $ 1 billion in profits before interest and taxes every month the rest of the park was closed due to the coronavirus pandemic.

Analysts like Bernstein Todd Juenger use the reported $ 1 billion loss in revenue reported by Disney earlier this month during the second quarter earnings report as a basis for estimating future losses in the third quarter and beyond.

Juenger said it was difficult to gauge the impact of running the park with fewer guests in attendance. At present, it allows less than 30% of its typical capacity to park.

When Disney reopens other parks, it is likely they will also receive fewer guests. The hope is that Disneyland in California and Walt Disney World in Florida will operate with a capacity of under 50%. –Sarah Whitten

10:52 AM: Race to find a cure or vaccine for a virus

Scientists around the world are carrying out rapid tracking to develop vaccines to prevent the corona virus when businesses try to reopen and people return to work.

“For the world to be like where it used to be, we have to have this vaccine,” Dr. Bruce Walker, a professor at Harvard Medical School.

Meanwhile, researchers are working to find treatments to fight the disease. On May 1, the FDA authorized emergency use for Gilead Sciences remdesivir. Even though the drug won final approval from the FDA, infectious disease specialists and scientists say researchers will need a repository of drugs to fight this respiratory virus. The following is a list of vaccines and medicines that are being developed to combat Covid-19.Berkeley Lovelace Jr.

10:38 am: US can start reopening with current testing capacity, LabCorp’s CEO said

Despite concerns from both Republican and Democratic politicians as well as state health officials, US. can start reopening with the current testing level, according to Adam Schechter, CEO of LabCorp coronavirus test manufacturer.

When the governor began to ease restrictions and reopen unnecessary business, officials and public health specialists have repeatedly called for greater testing capacity to detect and prevent potential outbreaks. Some have called for the ability to test millions of Americans every day to safely restart the economy.

“I’m not sure that we need to do 2 to 3 million tests per day,” Schechter said on CNBC’s “Squawk Box.” “I believe that we are ready to start opening status with testing available today and that will only increase over the coming weeks.”

The diagnostic plant is in talks with big employers to help them screen employees to get workers back safely at the office, he said, adding that an announcement would come tomorrow. —William Feuer

10:30 am: Fed sees more help needed to combat economic downturn

Federal Reserve Chair Jerome Powell said more help may be needed from Congress contain economic damage from coronavirus.

“Although the economic response is timely and large, maybe that is not the last chapter,” the chairman of the central bank said in a web broadcast with the Peterson Institute. Powell called the current situation “without modern precedents” in terms of speed and severity. However, he noted that the Fed did not consider the use of negative interest rates. “That is not something we see,” he said. —Jeff Cox

9:51 am: Mexico reopens the automotive industry

The shortage of potential parts from Mexico to reopen US factories is expected to be diverted.

Mexican President Andres Manuel Lopez Obrador is expected to issue a road map for the country to be reopened its economy, with a focus on the automotive sector, according to Reuters. Several Mexican car factories are scheduled to open soon Monday, in line with the U.S. assembly plant which is great for Detroit car makers.

Apart from President Donald Trump’s “First American” policy and the signing of the USMCA trade agreement, which took effect July 1, the American automotive industry relies heavily on Mexico for the production of parts and vehicles. With $ 93 billion, vehicles are the main import to the US from Mexico in 2018, according to federal data. The Automotive Research Center reports $ 60.8 billion, or 39% of auto parts used in the US, were imported from Mexico in 2019. —Michael Wayland

9:36 am: Dow down 200 points as Powell sees “significant downside risk”

Stocks opened lower as investors digested grim comments from Federal Reserve Fed Chair Jerome Powell. That Dow Jones Industrial Average dipping 220 points, or 0.95%. That S&P 500 while trading 0.8% lower Nasdaq Composite glide 0.5%. Powell’s statement came after the Labor Department reported last week that a record 20.5 million jobs were lost in April.

Read the update on market activity from CNBC Fred Imbert and Maggie Fitzgerald. —Melodie Warner

9:30 am: Economists expect coronaviruses to reverse globalization and create regional supply chains

The coronavirus crisis will basically reshape global trade as seen by businesses reduce their dependence on Chinese manufacturing, according to the Economist Intelligence Unit.

In a new report, EIU estimates that globalization will reverse after a pandemic, with regional supply chains becoming the norm. Companies will tend to move their supply chains closer to home after a supply shock from the Covid-19 outbreak, analysts said.

Because of the difficulties around building or moving supply chains – especially in the automotive sector – EIU said it is likely that any major changes will be permanent. —Chloe Taylor

9:11 am: April, US producer prices have experienced the biggest annual decline since 2015

U.S. producer prices decreased by 1.3% in April after slipping 0.2% in March, it strengthened some economists’ predictions for a brief period of deflation as the coronavirus pandemic pressured demand.

The Labor Department said Wednesday the producer price index for final demand fell 1.2% in the 12 months to April. That was the biggest decline since November 2015 and followed a 0.7% increase in March.

Economists surveyed by Reuters forecast PPI to fall 0.5% in April and drop 0.2% year-on-year. —Melodie Warner, Reuters

8:53: Hotspots from new cases dominate the East Coast

8:32 am: Former FDA chief sees college reopen in autumn

Former FDA Commissioner Scott Gottlieb told CNBC he believed US colleges and universities can welcome students back to campus for the next academic period.

“I think we will be in a position where we will try to open schools, open housing campuses in the fall because I hope that coming from July and August, we will see some decline in the case of summer,” he said in the “Squawk Box . “

White House health adviser Dr. Anthony Fauci on Tuesday warned higher education leaders not to believe that the Covid-19 vaccine or effective therapy would be available in the fall. –Kevin Stankiewicz

Disclosure: Scott Gottlieb is a CNBC contributor and member of the board of Pfizer and the biotech company Illumina.

8:12 am: LabCorp’s CEO increases test production at home

7:25 am: Merkel urges Germany not to jeopardize progress

German Chancellor Angela Merkel speaks at the 100th anniversary celebrations of the prosthesis maker Ottobock SE in Duderstadt, Germany, February 18, 2019.

Ralph Orlowski | Reuters

Chancellor Angela Merkel urged Germany not to jeopardize the progress the country has made in defeating the plague, warning that the virus will be present for longer, Reuters reported.

Germany and several other European countries have begun to ease restrictions and reopen unnecessary business.

The corona virus has infected more than 173,274 people in Germany and killed at least 7,755, according to Johns Hopkins University.

“It will be very sad if we have to go back to the limits we want to leave because we want to be too fast,” Merkel told the lower house of the Bundestag parliament, according to Reuters.

Germany has managed to maintain a low mortality rate compared to that with several other European countries such as Spain and Italy, partly because of Germany’s decision to implement extensive testing of people suspected of having the virus. Italy and England, for example, only test symptomatic cases. –Will Feuer

7:18 am: Europe wants to reopen the border to save tourism in time for summer

The European Union wants to immediately reopen the borders in the 27-nation bloc as soon as possible to help the lucrative tourism sector in the region recover in time for summer.

The bloc will present a draft proposal on Wednesday that will urge the return of “unlimited free movement,” although it is wary of a second wave of infections in the region, according to Reuters.

Airlines and airports will insist that passengers wear masks, but do not need to leave the middle seat empty on the plane, the draft proposal said. People should be able to stay in hotels, eat in restaurants or go to the beach safely, the concept added.

It is unclear whether non-Europeans will be allowed to visit this summer, with the European Commission reportedly saying: “Domestic and intra-EU tourism will be valid in the short term.” –Holly Ellyatt

Read CNBC’s coverage of the Asia-Pacific and Europe CNBC team overnight here: Spain’s daily death rate is slowing down; The Tui travel company plans up to 8,000 layoffs


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Google will start reopening the office in June, CA can vote by mail | Instant News

That April jobs report indicates the U.S. unemployment rate skyrocketed to 14.7%, the worst job loss since the post-World War II era, because coronavirus restrictions closed businesses for a month and millions of people lost their jobs. State officials are trying to inject a needle between reopening parts of the economy and preventing a revival of the virus.

As the number of coronavirus cases and deaths is increasing in Russia, delayed epidemics began to occur in eastern Europe, while outbreaks in western Europe subsided, according to WHO. Italy reports 243 new deaths from coronavirus, making it the third country to reach 30,000 deaths

This is CNBC’s direct blog which covers all the latest news on the Internet coronavirus epidemic. All times below are in Eastern time. This blog will be updated throughout the day when the news is broadcast.

  • Global case: More than 3.8 million
  • Global Death: At least 269,881
  • U.S. Case: More than 1.2 million
  • U.S. Deaths: At least 75,852

The above data was compiled by Johns Hopkins University.

5:15 pm: Tesla is not allowed to reopen US factories, local officials say

Maker of electric vehicles Tesla intended to reopen the U.S. car factory they are in Fremont, California on Friday. However, local authorities said that they had not given “a green light” to Tesla to reopen, and that Covid-19’s health orders were still in force for at least another week or two.

Provisional Health Officer for the Alameda District Public Health Department, Erica Pan, noted in an online town hall on Friday that although California Governor Newsom had relaxed the Covid-19 restrictions at the state level, “If there are local orders, whichever is more stringent applies.” –Lora Kolodny

17:00: Mayor of San Diego: Compliance with new coastal regulations bodes well for the reopening of state business

Mayor of San Diego Kevin Faulconer told CNBC “Squawk Alley” that residents followed the city’s beach restrictions, which he said was a good sign because California was trying to reopen its economy. “

I was out there at the beach alone last week with our coast guard. You can walk, you can run, surf and swim now. Do not sit. “To see compliance, I think it’s a very good sign when we start to reopen our business,” Faulconer said.

Faulconer’s comments came when California retailers selling products such as toys, books and clothing were allowed to start offering roadside services. The Mayor said that he believes San Diego residents are willing to abide by restrictions because they do not want to return the extraordinary benefits we have made, the sacrifices we have made over the past six weeks. “- Kevin Stankiewicz

4:45 pm: California Governor says all registered voters can vote by letter in November

Gavin Newsom, governor of California, spoke at a press conference in Sacramento, California, on Tuesday, April 14, 2020.

Rich Pedroncelli | AP | Bloomberg through Getty Images

California Governor Gavin Newsom sign an executive order allows all voters registered in the state to receive ballots entering this November.

This step was taken when several countries considered how to carry out the remaining 2020 elections while keeping voters safe from transmission and spreading deadly coronaviruses.

“I signed an executive order,” Newsom said, “which will allow every voter registered in California to receive a ballot.” Newsom, who announced the move at a press conference, clarified that California would still provide an opportunity for people to vote directly at the polling center. “Incoming ballots are important but it is not an exclusive substitute for physical location,” he said. –Jennifer Elias

4:30 pm: Nordstrom is closing 16 stores. Here they are

Nordstrom announced the plan earlier this week to permanently close 16 stores, because it took a hit with other retailers of the coronavirus pandemic. CNBC confirmed the full list of locations on Friday. Closures include department stores in California, Texas and Florida. 16 stores represent about 14% of Nordstrom’s full-line convenience store fleet. –Lauren Thomas

4:15 pm: Google will start reopening the office in June

CEO Alphabet Sundar Pichai made a gesture during the session at the annual World Economic Forum (WEF) meeting in Davos, on January 22, 2020.

Fabrice Coffrini | AFP | Getty Images

Alphabet CEO of Sundar Pichai will begin reopening offices globally in early June, targeting a 10-15% capacity, he said in an email obtained by CNBC.

“Our path back to the office will be slow, deliberate, and gradual,” he said, adding that the company has less than 5% of global employees working from the current office and some locations in the Asia Pacific region have reached 30% of capacity.

The majority of people who can work from home, will continue to do so “potentially” until the end of the year, even though they will be allowed to enter now and then. Pichai also overcame employee fatigue, encouraging employees to take a day off at the end of May. –Jennifer Elias

4 pm: New York City partners with Salesforce to track contacts

Bill de Blasio, the mayor of New York, wore a protective mask while touring the swimwear factory of Malia Mills, which has pivoted to make polypropylene dresses for medical workers, in the Brooklyn area of ​​New York, USA, on Wednesday, April 22, 2020.

Mark Kauzlarich | Bloomberg | Getty Images

The Mayor of New York City, Bill de Blasio announced that the city will partner with Salesforce to deploy call centers as well as customer relations and case management systems that will help officials track and isolate potential Covid-19 cases.

De Blasio said that tracking down people who came in contact with infected people would be very important to reduce restrictions and reopen the city. The city is implementing a “test and trace corps” which will be tasked with testing New Yorkers for infections and tracking all cases and contacts of known positive infections, de Blasio said.

The aim is to recruit 2,500 public health “pedestrians” in June, who will be trained using a contact tracking program led by former New York City Mayor Mike Bloomberg. Sorry it’s too late, but here you are in case we still want to blog. –Noah Higgins-Dunn

3:30 pm: Coronavirus brings uncertainty to restaurant summer work

An employee in a restaurant waits for customers who arrive to be picked up at the Alhambra, California on May 7, 2020.

Frederic J. Brown | AFP | Getty Images

The corona virus pandemic has introduced serious uncertainty into the restaurant industry, leaving questions about how many jobs will be available this summer. While many restaurants currently only offer carry services, roadside pickup and delivery services, a full reopening can be good for adding summer jobs in times of high unemployment, Kate Rogers and Betsy Spring report from CNBC. Over the past few years, the restaurant industry has usually added more than 500,000 jobs each summer. –Hannah Miller

3:10 pm: Apple will reopen several stores in the US

People wearing face masks look at cellphones outside Apple stores during the May Day holiday in Shanghai on May 1, 2020.

Retector Hector | AFP | Getty Images

Apple said that would happen reopen its retail store in Idaho, South Carolina, Alabama and Alaska starting next week. The shops will limit the number of customers at one time and focus on repairing damaged products.

Apple will do a temperature check and employees will wear masks as part of the reopening process. In recent weeks, several locations have reopened in countries such as South Korea, Australia and Germany. –Kif Leswing

14:50: The NFL team sees initial ticket requests despite a coronavirus pandemic, SeatGeek said

Crews tested architectural light bands and exterior sign lighting as construction continued at Allegiant Stadium, a future $ 2 billion domed greenhouse Las Vegas Raiders on April 23, 2020 in Las Vegas, Nevada.

Ethan Miller | Getty Images

National Football League Sales tickets are up 234% year on year compared to the first 12 hours after last year’s release schedule, despite concerns about the global health crisis. The company, which specializes in selling cellular-based tickets, said it was surprised by the initial activity mainly because coronaviruses continued to influence uncertainty surrounding live sporting events.

“Although we certainly think there will be some level of demand, we are surprised at how strong it is, because fans are hoping for football this fall,” Chris Leyden, a SeatGeek communications official, told CNBC via email. –Jasmine Kim

14:45: Media companies expect a difficult quarter of TV commercials

Bob Bakish, CEO, Viacom

Scott Mlyn | CNBC

Companies like Fox Corp. and AMC Networks warn about the decline in TV commercials in the next quarter.

A number of media companies have reported earnings in the past few days showing how TV is trending when advertisers withdraw spending or postpone the campaign until the end of this year. With many consumers trapped at home, consumers are entering linear TV, which is expected to add 8.3 million US viewers this year, the first viewer to see positive growth since 2011, eMarketer said in a new forecast this week.

But viewers are not the same as dollar signs. “At a time when lots and lots of companies are cutting their advertising budgets, or at least pausing them, now watch time offers or ad inventory exceeds the demand from advertisers to fill them,” eMarketer analyst Ross Benes told CNBC. “It’s great to get people to watch your show, but every viewer is monetized much lower than last month.” –Meg Graham

14:30: NYC child deaths encourage investigation of the impact on children

New York Governor Andrew Cuomo spoke at his daily briefing at the New York Medical College during the coronavirus outbreak (COVID-19) in Valhalla, New York, May 7, 2020.

Mike Fresh | Reuters

The New York Department of Health is investigate whether coronavirus causing severe inflammatory conditions in children after a 5-year-old boy in New York City died Thursday, Governor Andrew Cuomo said.

Other countries, including the UK have reported children with viruses that develop symptoms, which are similar to Kawasaki disease and toxic shock syndrome. The World Health Organization has called for a global network of doctors to be “on guard” for such cases throughout the world.

Coronavirus was previously believed to be mostly reserve children. The condition observed recently in children remains rare, but shows that the virus poses a threat to young children. “This is every parent’s nightmare, right? That your child might be really affected by this virus. But that is something we must seriously consider now,” Cuomo said. –William Feuer

14:15: Families of Covid-19 victims who die may have to return stimulus checks

Somodevilla Chip | Getty Images

When thousands of people died in the US due to the corona virus, millions of $ 1,200 stimulus checks were sent by the government.

That raises the question: Can the family of those who recently died because Covid-19 can keep a check for the $ 1,200 paid to the deceased? Apparently the answer is not clear cut.

The IRS said this week that it was most expect stimulus checks sent to the deceased to be returned. But there are exceptions based on the time of death and when the stimulus check is received. “Payments made to someone who died before receiving payment must be returned to the IRS by following instructions about payment, “the agent stated on its website.

Take two dead on the same day in 2020, for example. Someone receives stimulus payments via direct deposit the day before they die. The others are still waiting for checks by post. Someone’s first family will be able to save money. That might not apply to a second family. “I predict more guidance. I predict changes in this,” said Janet Holtzblatt, senior associate at the Urban-Brookings Tax Policy Center. For now, Holtzblatt said families in this situation had to delay spending on the stimulus money. –Lorie Konish

14:00: Melinda Gates says US coronavirus response is ‘chaos’

Melinda Gates, co-founder of the Bill & Melinda Gates Foundation

Chesnot | Getty Images News | Getty Images

Melinda Gates, vice chairman of the Bill & Melinda Gates Foundation, criticizing the Trump administration responding to the coronavirus pandemic and giving it a D-minus value.

The US does not have the national leadership to provide sufficient testing, protective equipment and supplies needed, and the lack of such response creates “chaos” in the country, Gates said Friday at the NBC “Today” event. In a separate interview with Politico on Thursday, Gates said “now we have 50 different home country solutions and not a national response” and give the Trump administration a D-minus value. –Jasmine Kim

13:45: WHO says ‘delayed epidemics’ occur in eastern Europe as coronavirus cases in Russia increase

People wear masks as a preventative measure against the coronavirus pandemic at Red Square in Moscow, Russia on March 17, 2020.

Sefa Karacan | Anadolu Agency | Getty Images

As the number of coronavirus cases and deaths is increasing in Russia, a delayed epidemic began in eastern Europe, while outbreaks in western Europe subsided.

“Russia is in a different phase of a pandemic and can learn several lessons that have been learned at great expense in Asia, in North America and in Western Europe,” Dr. Mike Ryan, executive director of the WHO emergency program, said at a press conference.

The World Health Official said the country had tested nearly 430,000 people and stepped up public health measures and laboratory testing in response to the pandemic. –Jasmine Kim

12:54: Assistant Vice President Mike Pence has tested positive for coronavirus

US President Donald Trump spoke when Vice President Mike Pence saw during a meeting with Texas Governor Greg Abbott about coronavirus response (COVID-19) at the Oval Office at the White House in Washington, USA, May 7, 2020.

Tom Brenner | Reuters

A Vice President Mike Pence’s staff tested positive for the corona virus, became the second White House aide this week to contract the virus. On Thursday, the White House announced that President Donald Trump’s personal attendant was also positive.

News about Pence staff broke out when Air Force Two was on the runway at Andrews Air Force Base to bring Pence to Iowa. The White House medical office has initiated a contact tracking program for these individuals, and retesting of individuals who have been in contact with them is ongoing, NBC reported.

The positive results of the two staff tests deepened concerns about the informal policy of the White House not to wear masks, despite CDC guidelines. Neither Trump nor Pence wore one, nor were the staff around them in the West Wing and the Executive Office Building adjacent to the White House. —Christina Wilkie

12:27: Abbott Labs antibody tests give very accurate results, the study said

Coronavirus antibody test from Abbott’s Laboratory it is very possible to give correct results, according to the company.

That cites a study at the University of Washington School of Medicine found that antibody tests had a specificity level of 99.9% and a sensitivity level of 100%, Reuters reported Friday. The results indicate a low likelihood of diagnosing healthy people incorrectly and there is no possibility of false negatives.

Antibody tests are considered important in making the country return to work, because the presence of antibodies has the potential to signal immunity against re-infection. –Hannah Miller

12:18: Italy became the third country to reach 30,000 deaths

Father Don Marcello blessed the coffin that lined the San Giuseppe church, waiting to be brought to the crematorium by the Italian military on March 28, 2020 in Seriate, Italy.

Marco Tacca Pier | Anadolu Agency | Getty Images

Italy reports 243 new deaths from coronavirus, making it the third country to reach 30,000, Reuters reported.

The Civil Protection Agency said the death toll since the outbreak hit the country in February was 30,201, according to Reuters.

The United States has the highest death rate from the virus, 75,852, and 30,689 deaths in the UK is the second highest, according to data from Johns Hopkins University. –Chris Eudaily

11:18 am: Amtrak reactivates train services in Northeast

Amtrak will introduce a modification schedule for the Acela train service between Washington and Boston starting June 1. Amtrak will return three Acela round-trip trips and improve services for its Northeast Regional line from eight to 10 round trip.

The train service also implements new safety measures such as mandatory cashless payments, new glass barriers at the station ticket office and limited seating in the train’s dining and cafe areas. Amtrak announced on Thursday that it would require employees and passengers to wear face shields on the train and at the station. —Hannah Miller

11 am: More borrowers lose mortgage payments under the CARES Act bailout

Nearly 4.1 million homeowners missed monthly mortgage payments, far higher than predicted by federal regulators. In just the past week, 225,000 more borrowers have taken advantage of the government mortgage bailout, according to data company Black Knight.

Homeowners can defer payments for 90 days under the CARES Act and then submit a one-year extension. The total amount of patience represents $ 890 billion in unpaid principal, Diana Olick from CNBC reported. —Hannah Miller

10:50 am: More than 78% of workers consider layoffs to be temporary, ‘silver lining’

Nearly 4 out of 5 unemployed workers see their layoffs as temporary, and economists say that could be a good sign for the economy. 18 million workers who described themselves as being laid off hoped to return to work in six months.

Michelle Meyer, US Bank of America’s chief economist, said it was “wisdom” in the dismal April jobs report, which showed a loss of 20.6 million salaries. But he said “time is the most important thing” to return workers to their jobs before they risk becoming permanent layoffs. —Patti Domm

10:35: Tickets for reopening are sold out of Shanghai Disney

A visitor wearing a mask walks outside the Shanghai Disney Resort, which will be closed during the Chinese Lunar New Year holiday after the outbreak of a new coronavirus, in Shanghai, China January 24, 2020.

Aly Song | Reuters

Ticket for opening day DisneyShanghai theme parks were sold out within a few minutes of being sold.

Shanghai Disneyland, which has been closed since January 25, will reopen to the public on Monday.

Before the coronavirus pandemic, the park saw around 80,000 visitors per day. The government has mandated that Disney operate at 30% capacity, or around 24,000 visitors, when it reopens. However, Disney CEO Bob Chapek said the park would begin operations below that capacity and increase to the 30% threshold for several weeks.

Guests are required to buy their entry tickets before arriving at the park and will need to wear masks while in the park, except when eating. —Sarah Whitten

10:30 am: Restaurants and bars face a rocky road to recovery

While some restaurants and bars will reopen with limited capacity sooner than later, sector is likely to face widespread depletion, according to industry and health experts.

Companies that have been disadvantaged by prolonged closure will face steep costs to reopen their doors and sharp cuts to profit margins due to capacity limits.

And even if the restaurant is economically feasible to reopen, there is no guarantee that Americans will feel safe enough to appear in the numbers needed for recovery. In fact, 68% of Americans say they will feel uncomfortable eating in restaurants, according to a final April survey from SAP’s Qualtrics, an employee management software company. —Alex Sherman and Amelia Lucas

10:21 am: The recreation and hospitality sector lost 47% of jobs in April

That The recreation and hospitality sector lost 47% of its work in April because the wider US economy relinquished more positions last month than the others since before World War II. The majority of the 7.7 million sector decline was concentrated in the food service industry, including waiters, cooks and cashiers. Those workers alone saw a total net loss of 5.5 million.

Health care, too, saw a sharp decline of 1.4 million jobs because providers stopped elective surgery and routine checks to prioritize the preparation, and treatment, of Covid-19 patients. —Thomas Franck

9:57 am: Sorrento Therapeutics, Mount Sinai develops antibody cocktails

The Biopharma Company, Sorrento Therapeutics, and Mount Sinai Health System in New York City announced that they have joined developed an antibody cocktail called COVI-SHIELD which they hoped would protect from the corona virus for up to two months.

This therapy is designed to be resistant to future viral mutations because it uses three antidote antibodies to ward off disease.

Utilize the FDA-approved diagnostic tests below Emergency use authorization, Mount Sinai researchers have screened around 15,000 cured patients from Covid-19 for highly concentrated viral antibodies to be used to produce treatment.

The jury still does not know how effective the antibody treatment against Covid-19 is. The FDA is trying to find out the level of immunity people have after they recover from the virus. —Lori Ioannou

9:50 am: Stocks go up despite a surprise job loss

9:32 am: Moderna’s CEO says the supply of coronavirus vaccines will be limited, the US will help decide who gets it first

Moderna anticipating it will work “very closely” with the US government to determine who will get the first dose of an experimental vaccine if it is proven to work, CEO Stephane Bancel told CNBC. That the company announced Thursday that the Food and Drug Administration clears potential vaccines for phase 2 trials.

“We will all be constrained by supply for some time, meaning we will not be able to make as many products as needed to vaccinate everyone on the planet,” he said on CNBC’s “Squawk Box. “

Read the full report interview Moderna CEO Stephane Bancel from William Feuer from CNBC. —Melodie Warner

9:13 am: The Fremont Tesla plant will resume ‘limited operations’ on Friday

Tesla’s chief executive, Elon Musk, spoke at his company’s factory in Fremont, California.

Noah Berger | Reuters

Tesla will try to restart production at the U.S. car factory in Fremont, California, on Friday afternoon, CEO Elon Musk told employees in an e-mail sent overnight. The plant will continue “limited operations” by bringing back about 30% of employees who normally work on a given shift, Tesla’s HR boss, Valerie Capers Workman, said in a separate email.

Alameda District, where the factory is located, has protective orders in place that are effective until May 31, according to the report County Department of Community Health web site.

Read the full report Operation of the Fremont Tesla plant from CNBC’s Lora Kolodny. —Melodie Warner

8:43 am: The unemployment rate jumped to 14.7% due to a record 20.5 million jobs lost in April

The US labor market fell to historic levels in April as 20.5 million workers were cut from the nonfarm payroll, making the unemployment rate jump to 14.7%, according to the Labor Department. Economists surveyed by Dow Jones forecast salaries to fall by 21.5 million and unemployment to rise to 16%.

The unemployment rate in April exceeded the post-war record of 10.8% but did not reach the Great Depression level estimated at 24.9%. The peak of the Great Recession was 10% in October 2009.

Read the full report U.S. labor market from CNBC, Jeff Cox. —Melodie Warner

8:10 am: Hotspots from new cases are spreading in the Southeast

7:31 am: WHO requests further research on the role of the Wuhan market

This photo was taken on April 15, 2020 which shows the sellers wearing face masks as a shrimp offer at the Baishazhou Market in Wuhan in Wuhan in central Hubei province in China. RETAMAL HECTOR | AFP through Getty Images


The seafood market in Wuhan, China, played a role in the outbreak, but further research is needed to determine whether it is the source of the virus or is “a strengthening arrangement,” the World Health Organization said, according to Reuters.

WHO officials previously said coronavirus emerged from the seafood market in Wuhan and Taiwan possibly from bats, then jump to the “intermediate host” before infecting humans. Scientists continue to test various animals but so far have found no host responsible for the outbreak.

“The market played a role in the event, it was clear. But what is its role [was] we don’t know, whether it’s a source or regulation of reinforcement or just a coincidence that some cases were detected in and around the market, “said Dr. Peter Ben Embarek, a WHO expert on food safety and the zoonotic virus, Reuters reported.

WHO is in talks with China to send a follow-up mission to the country to investigate animal sources of the virus, a WHO officials said Wednesday. —Is Feuer

7:03 am: Indonesia eases travel restrictions earlier than planned

Indonesian mural artist Bayu Rahardian posing in front of his art in the midst of the COVID-19 corona virus pandemic in Depok on April 16, 2020.

Adek Berry | AFP | Getty Images

Indonesia eased restrictions on domestic air and sea travel earlier than planned, according to Reuters.

The country two weeks ago imposed a ban on certain domestic travel with a view to keeping restrictions in place until the end of May. The government has lifted these restrictions for Indonesians working in the fields of security, defense and health services; those who have emergency health reasons; and migrant workers returning home, Reuters reported.

Travelers must be tested negative for Covid-19 and have a letter from their employer. —Sara Salinas

Read CNBC’s coverage of the Asia-Pacific and Europe CNBC team overnight here: Spain reports an increase in daily deaths; Australia plans to reopen in 3 stages


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Stocks in Australia and Japan fell, with key Asian markets out for holidays | Instant News

Stocks in Japan and Australia slipped in early Friday trading, with most major markets in Asia closed for holidays.

Australia S & P / ASX 200 down 3.8%, with shares of major miners BHP jump more than 6%. Large bank stocks like Commonwealth Bank of Australia and Westpac also each dropped by at least 3.5%.

That Nikkei 225 in Japan slipped 2% in morning trade, with shares of Tokyo Electron dropping more than 4%. The Topix index also fell 1.44%.

Major markets throughout the region – including China, Hong Kong, South Korea, India and Singapore – are closed on Friday for holidays.

On the economic data front, South Korean exports fell in April at the sharpest pace since the global financial crisis, Reuters reports Friday citing data from the trade ministry. Exports fell 24.3% year-on-year in April, the worst contraction since May 2009. However, that was slightly smaller than expectations for a 25.4% decline in a Reuters survey.

Data releases from South Korea, Asia’s main economy and export-driving country, could provide clues about the scale of the economic blow from the coronavirus pandemic. Globally, more than 3.2 million people have been infected while at least 233,000 lives have been lost, according to data collected by Johns Hopkins University.

Overnight in the United States, the major averages fell that day but limited their best monthly performance for many years. That Dow Jones Industrial Average closed 288.14 points lower at 24,345.72 while S&P 500 sliding 0.9% to end its trading day at 2,912.43. That Nasdaq Composite down 0.3% to close at 8,889.55.

However, Thursday’s move did not significantly affect the monthly gains for the three indexes.

For April, the S&P 500 recorded the third largest monthly increase since World War II, surging 12.7% in April. It was also the biggest one-month increase since 1987. The Dow had its fourth largest post-war monthly rally with an increase of 11.1%. Dow also has the best month in 33 years. The Nasdaq jumped 15.5% in April, the biggest monthly increase since June 2000.

Meanwhile, oil prices rose in the morning hours of Asian trade, as an international benchmark Brent crude futures up 1% to $ 26.75 a barrel. US crude oil futures also up 3% to $ 19.41 a barrel.

That U.S. dollar index, which tracks the greenback against a basket of colleagues, was at 99,158 following a decline from levels above 100 seen earlier this week.

That Japanese Yen It traded at 107.13 per dollar after falling sharply yesterday from levels around 106.5. That Australian dollar change hands at $ 0.6473 after seeing highs around $ 0.657 yesterday.

– Fred Imbert from CNBC contributed to this report.


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Asian stocks slipped as investors awaited Australian jobs data | Instant News

Stocks in Asia fell in trading Thursday morning as concerns over the scale of the coronavirus pandemic economic downturn continued to weigh on sentiment.

That Nikkei 225 in Japan fell 1.27% in early trading due to shares Fanuc decreased 2.13%. The Topix index fell 1.23%. South Korea Kospi shed 0.57%.

In Australia, the S & P / ASX 200 down 1.86% due to shares of large banks like Commonwealth Bank of Australia and Westpac each down at least 2%.

Overall, the ex-Japan MSCI Asia index traded 0.5% lower.

Investors are awaiting the release of Australian jobs data for March, set out around 9:30 am. HK / SIN, which can provide clues about the impact of the corona virus outbreak on the country’s economy.

Rodrigo Catril, senior foreign exchange strategist at National Australia Bank, wrote in a note Thursday that the headlines surrounding the coronavirus pandemic “continue to paint a grim picture.” Globally, more than 2 million people have been infected by the virus while at least 133,354 lives have been taken, according to data collected by Johns Hopkins University.

Last night in the United States, that Dow Jones Industrial Average down 445.41 points to close at 23,504.35 while S&P 500 ending the trading day 2.2% lower at 2783.36. That Nasdaq Composite closed 1.4% lower at 8,393.18. Wednesday’s movement marked the worst session of the Dow and the S&P 500 since April 1.

The move came as a report from the US Department of Commerce published Wednesday showed Retail sales in the United States in March recorded a record 8.7% – The biggest one-month decline since starting tracking the series in 1992.

Oil prices surged in the morning hours of Asian trade, with international benchmarks Brent crude futures rose 2.85% to $ 28.48 a barrel. US crude oil futures also rose 3.27% to $ 20.52 per barrel.

That U.S. dollar index, which tracks the greenback against a basket of colleagues, last at 99.639 after seeing levels below 99.0 yesterday.

That Japanese Yen It trades at 107.67 per dollar, compared with levels above 108 seen earlier in the week. That Australian dollar changed hands at $ 0.6316 after declining from levels above $ 0.64 yesterday.

What’s on tap for Thursday:

  • Australia: Change of employment for March at 9.30 am HK / SIN

– Fred Imbert from CNBC contributed to this report.


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