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April 8, 2020

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Treasury Secretary Mnuchin says the government won’t run out of money for small businesses

CNBCApril 8, 2020April 8, 2020

by CNBCApril 8, 2020April 8, 202009

CNBC – For more and to sign up click here Treasury Secretary Steven Mnuchin told CNBC on Wednesday that small businesses throughout the U.S. should not worry about their odds of receiving relief funding from the federal government. Asked by CNBC’s Jim Cramer about the White House’s work with the Small......

Futures up, Howard Marks buying, another volatile day?

CNBCApril 8, 2020April 8, 2020

by CNBCApril 8, 2020April 8, 2020011

CNBC – For more and to sign up click here A man wears a mask on Wall St. near the New York Stock Exchange, March 3, 2020. Brendan McDermid | Reuters This is a live blog. Check back for updates. 9:18 am: Dividends safer now than in last crisis, says Bank......

CNBC - Real Estate

Weekly mortgage applications drop 17.9% as coronavirus scares off buyers

CNBC Real EstateApril 8, 2020April 8, 2020

by CNBC Real EstateApril 8, 2020April 8, 2020036

CNBC’s Diana Olick reports on the latest mortgage applications data. CNBC – For more and to sign up click here...

CNBC - Real Estate

Weekly mortgage applications sink as coronavirus sets back homebuyers

CNBC Real EstateApril 8, 2020April 8, 2020

by CNBC Real EstateApril 8, 2020April 8, 202002

An “Open House” sign is displayed in the front yard of a home for sale in Columbus, Ohio. Ty Wright | Bloomberg via Getty Images Consumers are fast losing confidence in this spring housing market, given the economic upheaval from the coronavirus. Higher mortgage rates aren’t helping either. Both combined......

Trump removes inspector general overseeing $2 trillion package

CNBCApril 7, 2020April 7, 2020

by CNBCApril 7, 2020April 7, 202001

CNBC – For more and to sign up click here WASHINGTON — President Donald Trump has removed the lead watchdog overseeing the $2 trillion coronavirus package, just days after the official, Glenn Fine, was appointed to the role. The move came as Trump pursued similar action in recent weeks against independent......

5 things to know before the stock market opens April 7, 2020

CNBCApril 7, 2020April 7, 2020

by CNBCApril 7, 2020April 7, 202009

CNBC – For more and to sign up click here 1. Dow set to surge after closing 1,600 points higher New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Dow......

Japan’s economy has been dealt the ‘final blow’ by the coronavirus pandemic

CNBCApril 7, 2020April 7, 2020

by CNBCApril 7, 2020April 7, 202005

CNBC – For more and to sign up click here Japanese Prime Minister Shinzo Abe addresses Parliament in Tokyo on March 23, 2020. Jiji Press | AFP | Getty Images Japan‘s economy has been dealt a “final blow” as the country deals with the fallout from the global coronavirus pandemic,......

Domestic travel may resume by June in US Australia SEA

CNBCApril 7, 2020April 7, 2020

by CNBCApril 7, 2020April 7, 202003

CNBC – For more and to sign up click here An Airbus A320-212 operated by Delta Airlines takes off from JFK Airport on August 24, 2019 in New York City. Bruce Bennett | Getty Images Domestic travel within North America, Australia and Southeast Asia could be on course to return to......

Yellen says the Fed doesn’t need to buy equities now, but Congress should reconsider allowing it

CNBCApril 6, 2020April 6, 2020

by CNBCApril 6, 2020April 6, 202008

CNBC – For more and to sign up click here Federal Reserve Chair Janet Yellen speaks during a news conference December 13, 2017 in Washington, DC. Getty Images Former Federal Reserve Chair Janet Yellen thinks the central bank is not in a position where it needs to buy equities but......

CNBC - Real Estate

Coronavirus bailout: ‘There is going to be complete chaos’: Mortgage CEO

CNBC Real EstateApril 6, 2020April 6, 2020

by CNBC Real EstateApril 6, 2020April 6, 2020010

A broad coalition of mortgage and finance industry leaders on Saturday sent a plea to federal regulators, asking for desperately needed cash to keep the mortgage system running, as requests from borrowers for the federal mortgage forbearance program are pouring in at an alarming rate. The Cares Act mandates that......

CNBC - Real Estate

Those who can should pay their rent

CNBC Real EstateApril 6, 2020April 6, 2020

by CNBC Real EstateApril 6, 2020April 6, 202009

The coronavirus pandemic should not be used as a reason for everybody to stop paying rent, the CEO of one of the nation’s largest real estate developers told CNBC on Monday. “It’s a whole ecosystem. The people that can pay need to pay,” Related Companies’Jeff Blau said in a “Squawk......

CEOs warning Trump of economic shutdown amid coronavirus

NYPostApril 6, 2020April 6, 2020

by NYPostApril 6, 2020April 6, 202006

New York Post – For more and to sign up click here The country’s leading CEOs are sounding the alarm in private conversations with President Trump that businesses could face economic ruin if America fails to come up with a plan for a phased return to work, according to a......

CNBC - Real Estate

Related Companies’ Jeff Blau on coronavirus crisis impact on real estate market

CNBC Real EstateApril 6, 2020April 6, 2020

by CNBC Real EstateApril 6, 2020April 6, 202008

© 2020 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers Data also provided by CNBC – For more......

CNBC - Real Estate

Mortgage industry on the brink of collapse

CNBC Real EstateApril 6, 2020April 6, 2020

by CNBC Real EstateApril 6, 2020April 6, 2020029

The mortgage market is on the brink of collapse as thousands of borrowers suddenly pour into the government bailout without any proof of any hardship. CNBC’s Diana Olick reports. CNBC – For more and to sign up click here...

In hunt for returns, investors are buying junk bonds

CNBCApril 6, 2020April 6, 2020

by CNBCApril 6, 2020April 6, 202008

CNBC – For more and to sign up click here Everybody likes a deal, and now some investors have decided that means they like junk bonds. Interest rates on risky bonds have spiked across the world, which means the corresponding prices of those securities have fallen. The result is that......

UK cell towers set on fire amid 5G conspiracy theories

CNBCApril 6, 2020April 6, 2020

by CNBCApril 6, 2020April 6, 2020011

CNBC – For more and to sign up click here A mobile phone mast on January 8, 2020 in Cardiff, United Kingdom. Matthew Horwood | Getty Images Several cell towers in the U.K. have been set on fire and engineers harassed amid the spread of online conspiracy theories that link......

Carnival’s struggle to survive the coronavirus as outbreak wipes out the cruise industry

CNBCApril 5, 2020April 5, 2020

by CNBCApril 5, 2020April 5, 2020035

CNBC – For more and to sign up click here The COVID-19 outbreak has laid waste to entire sectors of the global economy, but none faster than the cruise industry. The pandemic has basically shut down the cruise-ship business, with the three largest publicly traded cruise companies suspending some, if......

Oil drops 9% following a record surge last week, as OPEC meeting on a production cut is delayed

CNBCApril 5, 2020April 5, 2020

by CNBCApril 5, 2020April 5, 2020024

CNBC – For more and to sign up click here Oil prices dropped during overnight trading on Sunday after OPEC+ announced it was delaying its meeting initially scheduled for Monday, stoking fears on the Street that a production cut might face hurdles. U.S. West Texas Intermediate crude fell 9.2% to......

Transcript: James Bullard on “Face the Nation,” April 5, 2020

CBS NewsApril 5, 2020April 6, 2020

by CBS NewsApril 5, 2020April 6, 202002

CBS News – For more and to sign up click here The following is a transcript of an interview with James Bullard, the president and CEO of the Federal Reserve Bank of St. Louis, that aired Sunday, April 5, 2020, on “Face the Nation.” MARGARET BRENNAN: The breathtaking speed of......

Economy not in free fall despite 32% unemployment estimate

CNBCApril 5, 2020April 5, 2020

by CNBCApril 5, 2020April 5, 2020011

CNBC – For more and to sign up click here James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard said Sunday he did not believe the U.S. economy or jobs market was in “free fall” as the coronavirus sweeps the country. “We’re asking people to stay......

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