CNBC US News

Markets cheered on Friday as new data showed a surprising decline in unemployment, but black workers have little to celebrate.

Airbus recorded no new orders in May as the company adjusts to the harsh reality of airlines canceling or deferring orders for new planes in a bid to save cash.

Cuomo said that he spoke on the phone with the man, who "is thankfully alive" after being knocked to the ground in Buffalo by police officers.

White House health advisor Dr. Anthony Fauci told CNBC on Friday that the decision to reopen schools this fall will depend on the coronavirus' transmission in the region.

"They don't have relationships with people of color that they can turn to to get counsel about how to move this conversation forward," Morehouse College President David Thomas told CNBC.

Gov. Andrew Cuomo said the number of coronavirus deaths in New York state hit an all-time low Thursday since the beginning of the outbreak.

President Donald Trump said the U.S. has already produced 2 million coronavirus vaccine doses that are "ready to go" once scientists figure out whether it is safe and effective.

Muriel Bowser's letter comes as the message "Black Lives Matter" was painted in giant yellow letters down 16th Street, the site of many demonstrations.

What's good news for the U.S. economy is suddenly bad news for mortgage rates. A far-better-than-expected May employment report only added to a growing sell-off in the bond market, pushing bond yields to the highest level since March. Mortgage rates loosely follow the yield on the 10-year Treasury.

Amid nationwide calls for law enforcement reform after George Floyd's death, the U.S. Supreme Court will announce if it will consider the issue of qualified immunity, which could make it easier to sue police for serious misconduct.

Brooks Brothers, at 200 years old, calls itself the country's oldest clothing retailer. But the coronavirus pandemic has crushed the retail industry.

SoftBank's $100 million Opportunity Fund for minority-owned businesses is one of the first large funds created in response to nationwide protests sparked by the killing of George Floyd. But it's about 0.1% the size of SoftBank's Vision Fund, which has made few investments in companies run by black founders or women.

Both automakers this week announced significant job cuts to reduce costs and right size operations due to weakening demand for their vehicles.

President Donald Trump characterized the decision to support closing the economy as "the hardest decision of my life."

The milestone represents a turning point in the country's epidemic, as restrictions on individual movement and businesses have driven down the spread of the virus in the hardest-hit cities such as New York.

Check out the companies making headlines in midday trading on Friday.

Former Vice President Joe Biden on Friday is expected to address the surprising May jobs numbers that indicate the largest U.S. employment gain ever.

Nonfarm payrolls in May were expected to decrease by 8.333 million while the unemployment rate was seen rising to 19.5%, according to economists surveyed by Dow Jones.

Amid protests taking place in response to police brutality against black Americans, murals honoring George Floyd have cropped up around the world.

Airline stocks have surged this weeks on signs of optimism about an uptick in travel demand after hitting lows because of the coronavirus.