CNBC Business

"This market's so desperate for good news that buyers are willing to grasp even the thinnest of reeds, which is why the averages were able to roar today," the "Mad Money" host said.

American Airlines is slashing its summer flights outside of the United States by 60% due to weak demand.

NYC Mayor Bill de Blasio recommended that New Yorkers cover their faces when they go outside with a scarf, bandana or even a homemade mask.

Lululemon announced Thursday that it will pay all its workers through June 1, whether or not its stores reopen before then, amid the coronavirus pandemic.

General Motors and Honda Motor have agreed to jointly develop two new all-electric vehicles for the Japanese automaker.

States such as New York are urging health-care workers to come to their hospitals to respond to the coronavirus pandemic. Demand for nurses is so great, some are being offered more than $10,000 a week in crisis pay.

The outlook for online travel is cloudy at best. There is no certainty as to when travel restrictions will be lifted as more U.S. states call for citizens to stay at home as cases of coronavirus continue to climb.

As millions of jobs are lost to the coronavirus pandemic, almost half of low-income Americans say they expect to burn through their savings within three months, according to a survey.

White House officials are projecting between 100,000 and 240,000 deaths in the U.S. with coronavirus fatalities peaking over the next two weeks.

The coronavirus has led shoppers to buy in bulk and put pressure on supply chains. In the U.S., major grocers have expedited their hiring processes to help deal with the demand.

New York City Mayor Bill de Blasio is holding a press conference Wednesday to update the public on the coronavirus outbreak, which has infected more than 51,800 in the city.

General Electric is planning to furlough half of its aviation unit's engine manufacturing staff as the coronavirus roils the industry, the company told CNBC.

As of Thursday, more than 1,002,100 cases of coronavirus have been reported, resulting in at least 51,484 deaths.

"I'm doing everything I can, but people are still dying and that is hurtful and humbling and painful. Just painful," Cuomo said.

The first Americans to get relief payments from the government won't see checks til mid-April and many will have to wait longer.

Health officials say air travel is causing viruses and bacteria to spread around the world faster than ever before. Airlines, at the center of the coronavirus epidemic, have come under intense scrutiny over the safety and cleanliness of their cabins. To combat the pandemic, carriers have imposed new safety regulations and are using enhanced cleaning techniques inside their plane cabins. Watch this video to find out more about how airlines clean their planes.

"We'll enter hopefully phase 2 trials, we expect that to happen in the spring, perhaps early summer," Moderna Chairman Noubar Afeyan told CNBC.

With just over a week until Easter, families are starting to plan for how to spend the holiday under the restrictions of the coronavirus pandemic.

"You look good. You sound good," New York Gov. Andrew Cuomo told his younger brother, CNN anchor Chris Cuomo, during a press conference on the coronavirus pandemic.