Nightly Business Report

Companies across all sectors are pulling guidance as Covid-19 continues to take its toll on the economy. So how do you invest in a market with no clear outlook? We’ll ask the experts.Plus, a new study by the Federal Reserve shows loans haven’t been going to the hardest-hit areas. We’ll tell you why.And, as auto sales have been hit hard, we’ll speak to the CEO of one company that’s found a way for dealerships to move inventory without people visiting their showrooms. He tells us why he thinks this could be a path forward for the industry.

A CNBC rapid survey showing that economists are feeling positively about third quarter growth, so what should investors do? One top strategist tells us why it’s a bond picker’s market.And WeWork founder Adam Neumann is suing SoftBank for reneging on a multi-billion dollar lifeline. The details on how a relationship went sour and the battle between the personalities behind the two companies.Plus, Disney reports earnings after the bell…with parks shuttered, sports cancelled and movie sets dark, one analyst has the alternative form of entertainment Disney could tap into during the ongoing pandemic.  

One of our guests correctly called the March bottom and the rebound in energy stocks. Now he says this market rally may be over. He joins us to make his case.Plus, as states begin to reopen, some workers are facing a difficult choice between their health and their livelihood. We have the details.And, Columbus, Ohio has been hit particularly hard financially by the pandemic. The city’s mayor joins us to talk about the challenges ahead as Ohio starts to reopen.

Stocks selling off after a historic month of April. Do investors simply have a hangover or is there real fear that the “new normal” as parts of America reopen is going to be really slow and take a really long time? We’ll take a closer look.Plus, text the store, wait in your car. That’s the new normal at one Detroit mall reopening with curbside pickup today. We’ll talk to the owner of that mall about how it’s going and how they plan to keep people safe.And, Tesla tumbles as Elon Musk goes on a tweet storm about the stock price. We have the details and what else the Billionaire had to say.

The Fed is expanding its Main Street lending program to include more businesses and types of loans. But are the Treasury and the Fed taking enough risk to help the economy, and are we seeing that they may not be on the same page? We’ll take a closer look.Plus, as Apple goes, so goes the market. It sounds like an exaggeration but we’ll show you why it might not be.And, we’ll talk to a CEO whose company makes key parts for ventilators and says they’re getting hit, not just by the pandemic, but also by the ongoing trade war with China..   

With the Dow climbing 500 points today, the market rally has started to broaden out beyond the FANG stocks… can investors trust this positive momentum? Two strategists weigh in.And with just minutes before the Fed’s interest rate decision, we take a look at why the problems with the Small Business Administration’s PPP lending system could vindicate the Fed for taking its time executing its stimulus plan. Plus, Lyft and Uber announcing massive layoffs. WeWork letting 100 people go at its San Francisco office and Airbnb lowering its valuation…could this pandemic bring an end to the sharing economy? We discuss. 

Consumer confidence tanked in April, posting it’s second biggest drop ever. The CEO of The Conference Board tells us what steps need to be taken to revive the economy—and why things could be looking up.R5 Capital’s Scott Mushkin is the only analyst on the Street with a ‘sell’ rating on Amazon…what’s got him bearish about the tech giant.And Northwestern University was given $8.5m in federal aid from the CARES Act, NU President Morton Shapiro discusses the current challenges facing academia and why the college is returning the money.Plus, the CEO of Waffle House on the future of dining out as restaurants in Georgia reopen. 

The S&P is now just 15 percent beneath its all-time high and 30 percent from the lows a month ago despite a pandemic that’s cost 26 million jobs. So is the stock market being too optimistic? We take a closer look at the disconnect between Wall Street and the real economy.Plus, after the disease come the debt. The U.S. is heading for a nearly 4 Trillion dollar deficit this year. How can things get back on track? We’ll explore.And, public colleges are losing millions in state funding across the country as state budgets take a huge hit. We’ll look at the ripple effect- including closures-this could have for years to come. 

Many investors are writing off this earnings season due to the coronavirus but Mohamed El-Erian of Allianz says it’s very important. Who’s right? We debate.Plus, antibody tests are considered key to reopening economies but they are raising alarms. We speak to one expert who says it’s the wild, wild west out there.And, when workers finally return to work, the offices they return to, will likely look very different. We’ll tell you what kind of changes could be coming your way.

Stat News reporting that the WHO posted the results of a drug trial in China that revealed Gilead’s remdesivir, an antiviral it had hoped could treat COVID-19, was ineffective. The news sent shares sinking…we talk to the reporter behind the story. And oil clawing its way back after its historic collapse earlier this week, the CEO of a tanker company joins with why that drop is a boon for his company. And new home sales falling sharply in March, Bank of America’s Michelle Meyer joins us with her near- and long-term housing forecasts. 

Stocks are rallying for the first time in three days thanks to a reversal higher in oil, earnings, and the Senate passing another massive relief package. But is it enough to keep these markets afloat? We debate.Plus, many companies will have to dramatically change the way they do business when economies reopen. One of our next guests advises companies on how to do just that after a crisis. She tells us what steps will be most critical to succeed in a “new normal.”And, strong digital sales helping Chipotle beat on earnings but profits were still down and the company suspending its guidance. CEO Brian Niccol joins us to talk about that and what kind of “new normal” he sees for his business, and his industry, ahead..

The oil selloff continues and one of our guests says the worst it yet to come with -$100 per barrel a real possibility next month. We look at what that would do to an already battered energy industry.Plus, the crude collapse weighing on stocks today but it’s not all bad news. We look at some of the opportunities in the markets.And, they are some of the most critical workers needed right now but new nursing grads are facing a roadblock getting into the field. We’ll tell you why.

The May oil contract collapses, sending U.S. crude prices on track for their worst day ever. We explore what it means for the broader energy market, and the millions of workers who depend on the sector for their livelihoods.Plus, many retailers were already struggling BEFORE the COVID-19 crisis. But with even more bankruptcies on the horizon, what might the retail landscape look like after the lockdowns end? We’ll ask.And, workers across the nation are protesting Coronavirus shutdowns as unemployment soars, including in New Hampshire – but is it too soon to get back to work? We’ll ask NH Governor Chris Sununu.

Stocks are rallying today on hopes that Gilead’s Coronavirus treatment could be working. We have the details and whether investors can trust this rally.Plus, President Trump wants states to step up their testing but access to tests is still uneven. We have the latest from Washington and where things stand on the testing front across the country.And, more and more people are turning to technology for information on the coronavirus. We’ll have a look at the kind of healthcare questions Amazon’s Alexa is getting and the privacy concerns that come with it..

Stocks mostly slipping today as investors digest another day of awful headlines.Should we brace ourselves for another move lower? We’ll ask the experts.Plus, Billionaire Barry Diller says everyone should get a bailout but the government doesn’t agree. A look at why some of the big retailers can’t participate.And the CEO of Vista Bank says the night of April third was one of the most momentous in his bank’s 108-year history. He tells us why.

Stocks sell off after a swath of terrible economic news from retail sales to manufacturing. Is it time to hit the pause button on this rally? We debate.Plus, some of the biggest tech names have been big leaders this month. We’ll tell you which ones and whether the run can continue.And, how did every single resident on wealthy Fisher Island and their staff get an antibody test when many doctors and patients across the country still can’t? We have more on that controversial story.

Stocks are rallying but the latest Bank of America Global Fund Manager Survey is showing extreme pessimism. A look at why and whether you should be concerned.Plus, as the debate over reopening state economies continues, we look at when and how it could happen.And, with 3.5 million students preparing to graduate from universities around the country, we look at the heartbreaking challenges many of them could face.

Stocks sell of as investors weigh virus concerns, the OPEC+ Pact and earnings ahead. We look at the good, the bad and the ugly and what it means for your money.Plus, it’s about to get harder to get a mortgage. We tell you why and what it means for the overall housing market.And, Apple and Google team up to track the virus. We look at how it would work and why not everyone is excited about the collaboration.

Stocks rally as the Fed unleashes $2.3 trillion more to support the economy. There are some important new details on who’s getting help. We’ll break it down.Plus, Bill Gates says the economy won’t magically go back to “normal” when people return to work. A look at the challenges he sees ahead.And, unprecedented cuts in the oil market are necessary to bring stability to prices. Will we get them? It’s all about the math and we’ll take you through it. 

Stocks rally as the government sounds slightly more optimistic on the spread of the virus, congress says more stimulus may be ahead, and some election uncertainty gets removed with Bernie Sanders suspending his campaign. So could the market be setting up for a bottom? We take a look.Plus, Treasury Secretary Steven Mnuchin says “the money will be there” as demand for loans explodes. The CEO of Paychex joins us with a look at the flow they’re seeing and advice for businesses who are waiting for funds.And, the competition may be growing but it appears that Netflix has a solid grip on the streaming viewership. Just how big of a lead do they have? We have the numbers.