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Apple's iPhone sales jumped 160% month-on-month in April, according to one research firm, as data paints a picture of a bounce back for the U.S. tech giant.

The already serious friction between the United States and China ratcheted higher in recent weeks, and it's expanding to the stock market.

"We won't come back until we're sure we have done everything we can to work to protect the safety of our guests and crew," Royal Caribbean's Richard Fain told CNBC.

Chinese Premier Li Keqiang's remarks Friday are part of China's annual parliamentary meeting, delayed by about two months this year due to the disease known as Covid-19.

Secretary of State Mike Pompeo urged President Trump to fire an internal watchdog who was reportedly investigating the deal among other matters.

Trump had a "legal responsibility" under state law to wear a mask for coronavirus protection when he visited Ford's plant, Michigan's attorney general said.

Peter Mallouk, president and CIO of Creative Planning, said investors should be buying stocks and avoid the risk of bitcoin and other speculative investments.

Federated Hermes' Phil Orlando believes another batch of bad numbers will scare momentum investors out of the market.

"If you're going to have all these people unemployed, it's hard to end up coming out of a recession until that changes," Avenue Capital CEO Marc Lasry told CNBC.

The Open Skies treaty allows 35 nations, including Russia, to conduct unarmed surveillance flights over each other's territory in order to assure that nations are not preparing for military action.

The Department of Justice two weeks earlier made the surprise move to abandon its own prosecution of Flynn.

"We're building market share and I think most importantly ... we built trust with American consumers during the pandemic," Target CEO Brian Cornell said.

"Just remember, even as we reopen for business, the new normal is not the old normal," the "Mad Money" host said.

"I think we should hold off on another trade war until the economy's in better shape," the "Mad Money" host said.

Check out the companies making headlines after the bell.

CNBC.com's MacKenzie Sigalos brings you the day's top business news headlines, and what to watch as the coronavirus pandemic continues to keep most of America on lockdown. On today's show, the U.S. puts big money behind a new vaccine and CNBC's Ari Levy dives into Clubhouse, a new invite-only social network that's become the darling of Silicon Valley.

The proposed bill gives small business owners more flexibility in how they use the loans, addressing several persistent complaints about the $660 billion effort.

The stock is up over 50% on the year, not including Thursday's after-hours move.

Home goods retailer Pier 1 this week announced plans to liquidate its business after failing to find a buyer. Modell's announced plans to shutter its business in March. Earth Fare, which filed for bankruptcy in February, only found a buyer for parts of it.

Zuckerberg's announcement comes as several tech companies are allowing employees to work remotely indefinitely.