Peter Mallouk, president and CIO of Creative Planning, said investors should be buying stocks and avoid the risk of bitcoin and other speculative investments.
"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.
"We're building market share and I think most importantly ... we built trust with American consumers during the pandemic," Target CEO Brian Cornell said.
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.
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.
E.l.f Chairman and CEO Tarang Amin said Thursday that the company's focus on its online marketplace allowed it to outperform in the face of a broader industry slowdown.
"Without a clear apples-to-apples comparison of the number of tests per capita, it is hard to compare disease rates across states," said Robert Bednarczyk, assistant professor of epidemiology at Emory University.