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Abbott said on May 18, he would also allow gyms and exercise facilities to reopen with 25% occupancy as long as showers and locker rooms remained closed.

The report comes amid the pandemic keeping people home and in need of entertainment.

"More policy support will be needed from the Fed and possibly also fiscal policy. It just depends on how this evolves," Clarida told CNBC.

This is the first earnings report with Bob Chapek at the helm of Disney, after former CEO Bob Iger transitioned to executive chairman.

The group, led by Vice President Mike Pence, has already been moved out of the spotlight. A source told CNBC that the operation has been meeting less frequently.

Shares of Pinterest fell as much as 9% in after-hours trading on Tuesday after the company reported its first quarter results.

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.

Airbnb plans to lay off as many as 1,900 employees, or about 25% of the company, a source confirmed to CNBC on Tuesday.

City attorneys from San Francisco, Los Angeles and San Diego have joined AG Xavier Becerra in the lawsuit.

President Donald Trump on Tuesday is expected to deliver his remarks at Honeywell's mask production facility, as the coronavirus pandemic rages on in the United States.

NASA chief Jim Bridenstine said in a tweet that his agency working with actor Tom Cruise for a film on board the International Space Station.

Dr. Rick Bright's complaint says Health and Human Services leadership was slow to react and pushed contracts "based on political connections," NBC News reports.

The area of Fed activity getting most of the market's attention is in high-yield, or junk, bonds.

Trump indicates he had political motivations for blocking Fauci's testimony, after the White House said the doctor was too busy to go before the House.

Household debt balances through March totaled $14.3 trillion, a 1.1% increase from the previous quarter and now $1.6 trillion clear of the previous nominal high of $12.7 trillion in the third quarter of 2008 during the financial crisis,

AMC Networks said it estimates advertising revenue will drop about 30% in the second quarter as marketers pull or delay spending as the coronavirus delays show production.

Cuomo, a Democrat whose state is the U.S. epicenter for the outbreak, sharply criticized the partisan rhetoric from Trump, who said he's opposed to sending federal emergency aid to states.

Mayor Bill de Blasio said Trump's "a pure hypocrite" for saying he's not inclined to bail out states, especially those run by Democrats, but is helping big businesses.

While the experts acknowledged that they didn't have a crystal ball, they all agreed that it would take around 18 to 24 months before there's a significant spike in demand and the industry begins to return to normal levels. In the meantime, the travel industry will undergo some very big changes.

The event typically draws thousands of attendees, but will be held online this year due to the coronavirus pandemic.