rahel solomon is there at cnbc hq with that >> good morning. from japan to canada, australia to norway and even madonna world leaders pledging some $8 billion to help with the vaccine research after participating in a three-hour research call president trump skipping the chance to contribute the white house says the u.s. is pouring billions into its own research efforts united airlines intends to shrink management by at least 30% starting in october according to a memo sent to the employees as the pandemic continues to wreak havoc cuts amount to 3,000 people. united up pre-market slightly above 2% >>> shares of starbucks higher after the company plans to reopen 85% of u.s. stores by the end of this week starbucks initially will not allow diamond service but will allow for pick up and deliveries it expects to have 90% of stores open by june i've seen barristas will meet you ought the door i do appreciate that >> we do need our coffee i have one in my kitchen that works out. >>> reopening and restarting economies around the country is the most im

this after the democratic-led house passed its own $3 trillion stimulus package late friday rahel solomon has more on that and so many of your other top monday headlines at cnbc hq. good morning. >> good morning. it looks like we may not see the next coronavirus relief package until june the house passed a $3 trillion stimulus bill on friday but senate republicans called the legislation dead on arrival. the gop-controlled senate does not have plans to put forward an alternative before the memorial day recess. >>> changes could be coming to the paycheck protection program. this follows criticism from many who say that business owners cannot access the funds. lawmakers and government officials are looking at adjustments, including giving businesses more flexibility on how they spend the month en. 75% of the funds had to be spent on worker pay for the loans to be forgiven. >>> changes also look to be coming to the nation's airport tsa reportedly ready to check passenger temperatures at a dozen locations as soon as this week airlines have been urging the government to take steps in an attempt

rahel solomon is here with more on that. rahel? >> hi, kelly so nearly 80% of unemployed americans describe their layoff as temporary, but sadly that simply may not be the case for many americans in fact, new research out of the becker friedman institute out of the university of chicago predicts that 42% of jobs lost due to covid-19 will be permanent. so that would be about 11.6 million of the job lost by april 25th so the jobs most at risk of going away entirely are jobs lost due to shifting consumer demands and also jobs at companies and plants that have simply gone under, that won't make it through coronavirus. in fact, according to a survey by the national restaurant association, 3% of restaurant owners and operators say that they already had to close their doors and about 11% more anticipate soon having to do so. that would be about 100,000 restaurants closing their doors. we know that just last week, mgm resorts put out a note to its employees saying that they had hoped to reopen and be back in business this summer that's loo

i'm rahel solomon. here are today's top business headlines. wall street is set to open lower this morning. dow futures are offreopening ofy with some states easing stay-at-home orders along with rising tensions between the u.s. and china over beijing's handling of the coronavirus. stocks posted their second straight negative week after president trump threatened new tariffs on china. several reports on the labor market including how many people continue to file for unemployment and the april jobs report on friday could show the jobless rate rising to 16%, the highest since records began in 1948. >>> credit card debt spiked as the pandemic spread across the country. a new survey finds that nearly half of adults or 120 million people have credit card debt up from 143% in early march. 128 million people or 23% have added to their debt as a direct result of the outbreak. 45% say they are stressed about their credit card debt. >>> uber will soon require drivers and riders to wear a mask or face covering. the policy is expected to be part of the new

i'm rahel solomon at cnbc headquarters. here are today's top business headlines. dow futures up about 162 points following two days of gains as investors continue to weigh the consequences of states reopening their economy. stocks did lose steam after the federal reserve's vice chairman told cnbc that the fed and government will have to provide even more support to the markets and the economy. a report on the private sector which is expected to show more than 20 million jobs lost in april amid the virus pandemic. a new program for people who want to pay less and don't mind waiting longer for their rides. under the wait and save option riders will get a fare less than the standard ride if they're willing to wait between 5 and 40 minutes for their driver. a plunge in demand for the outbreak. only offering trips to single passengers. in the latest state of streaming report shows that march saw the biggest spike as did home orders and live sports were suspended. streaming was up 57% in the first three months of the year with on-demand content jumping nearly 80%. mike,

. >>> good morning, i'm rahel solomon at cnbc headquarters. today's top business headlines. wall street looks set to open higher as investors react to comments from federal reserve chair jay powell last months. consumers may lack faith in recovery until a vaccine is found. don't bet against the u.s. economy, he doesn't fear a second depression and forecasts a rebound will start to take shape in the second half of the year. markets rallied to the close on friday posting back-to-back gains. the secret service is investigating a nigerian crime ring using americans' stolen identities to file fake unemployment claims. authorities say the ring was able to take advantage of weak security measures within many states' unemployment systems at a time millions of people are applying for benefits. primary target was washington state, but there's evidence of other attacks in florida, massachusetts, north carolina, oklahoma, rhode island and wyoming. washington, for example, saw a 27 fold increase in claims betwd april. >>> and gas prices are inching higher to $1.97 a gallon. this increase

. >>> good morning, i'm rahel solomon at cnbc headquarters. here are today's top business headlines. wall street is set to open higher. futures up after stocks ended with modest gains yesterday. microsoft, apple and amazon lifted the broader market. investors remain focused on the partial reopening of the economy weighing fears of the second wave of coronavirus cases against efforts to restart businesses and ease lockdown restrictions. also in focus today disney reports earnings this afternoon as movie theaters and the company's theme parks remain closed. united airlines plans to cut at least 30% of management positions by early october as the pandemic really crushes demand, according to a company memo united has told pilots to brace for changes. united has accepted government aid that bans job cuts before september 30th but airlines have warned that it's unlikely demand will return to precrisis levels by then. chi popotle is offering free fo and you can use a special code to get the free queso when added to an entree. kari, over to you. >>> t

i'm rahel solomon at cnbc headquarters. here are today's top business headlines. wall street looks set to open in the red. dow futures down about 100 points following modest losses yesterday and declines in asia overnight. that's as china scraps a growth target amid the virus pandemic and rising tensioning between beijing and the u.s. several big tech names such as amazon came under pressure. investors reacting to that dismal news on unemployment. and the dow, nasdaq and s&p 500 are all on pace for solid gains. mark zuckerberg says it may not be long before working remotely is the standard for many facebook employees. he says 50% of the company could be working from home on a permanent basis the next five to ten years, accelerated by the virus pandemic. facebook said nearly all employees will continue to work from home until the end of the year. he says the survey shows roughly half of employees believe they are just as productive at home as when they're in the office. >>> and as summer approachesn anti-reflective coating to minimize glare. it works in all outdoor

i'm rahel solomon at cnbc headquarters. here are today's top business headlines. wall street looks set to open slightly lower. actually, flat at this point. following yesterday's big rally stocks soared. that was its best day in six weeks and largely on rising optimism about a potential coronavirus vaccine. after maderna said its drug showed early promise. powell said while a full recovery could take more than a year don't bet against the u.s. economy. powell and mnuchin are testifying today on the economic response to the pandemic. powell is expected to say the fed is committed to using all of its tools to keep the financial markets functioning and get money to those in need. delta airlines saying it will keep planes no more than 60% full through at least july. delta will add more flights than demand would justify to make that happen. delta said it will limit first class seating to 50% in the main cabin through june. previously announced it was resuming flights next month. pier 1 imports will start closing retail operations as soon as reasonably possible. once st

let's get back home and another strategic shift from the white house over the coronavirus response rahel solomon has more on that >> good morning. after seeing a wave of backlash, president trump announces the coronavirus task force will remain in place and have a new focus on reopening the economy and finding a vaccine as republicans look to pump the brakes on aid spending that puts them at odds for the push for tax cuts and stimulus spending package >>> doctors calling out the fed for uneven and opaque method of distributing the drug remdesivir several hospitals have been chosen to receive the doses. it is unclear why some were cleared to receive these doses and who is making the decision in the first place >>> costco sales fall for the first time as stay-at-home orders took a toll on the company. excludeing gasoline, comp sales fell including gas, they were down 4.7% brian, back to you >> rahel, thank you so much. we have a little good news to wake you up here futures are indicated up if we keep that strength at the open, regaining the losses made. has the market remained as strongly as it se

back to a sense of normalcy here back to top headlines outside the world of headlines in business rahel solomon at hq. >> happy friday to you let's start with president trump offering a blunt assessment of what will happen if we see a coronavirus outbreak in the fall the president said he would not close the u.s. maintaining that the virus would be stamped out health experts said the virus will likely spread through the fall and winter and may even become more difficult to combat. a stimulus package for americans will be coming sooner rather than later saying in an interview that a plan was, quote, not too far off. cautioning that lawmakers need to focus on the impact of what they've already done weighing a new plan facebook ceo looking to make the work from home lifestyle more permanent. zuckerberg predicted more than half employees could be working remotely within 5 to 10 years. brian, they did a survey and found half of the employees there are just as productive at home as they are in the office so i guess we'll see >> i guess we will see i think personally, not that it matters, you can be v

. >>> i'm rahel solomon. here are today's top business headlines.l street is set to open lower this morning as investors weigh the partial reopening of the economy with some states easing stay-at-home orders along with rising tensions between the u.s. and china over beijing's handling of the coronavirus. stocks fell on friday and posted their second straight negative week. how many people continue to file for unemployment and the april jobs report on friday. that could show the jobless rate rising to 16%, the highest since records began in 1948. credit card debts spiked as the virus pandemic spread across the country. a new survey about creditcards.com find half of adults or 120 million people currently have credit card debt. 23% have added to their debt as a direct result of coronavirus. the survey finds that 45% say they're stressed. and uber will soon require drivers and riders to wear a mask or face covering. the policy is expected to be official in the coming weeks. uber has detection technology so they know if drivers have their masks on befor

is posing a dilemma to some workers left feeling to choose between their health or livelihood rahel solomon dilemma for a lot of workers who have to decide do you return to work when you think it's still potentially unsafe or risk losing your unemployment benefits? federal guidelines state a refusal to work could mean forfeiting the benefits and state labor offices say each case is specific a general assertion that your workplace issen safe because of coronavirus will not suffice saying you have to demonstrate why it's unsafe. although they do say that each employee feeling this way to reach out to employer to reach agreement. we spoke to a worker in texas, she says that her immune system is really low, really weak and that when she realized that her restaurant in texas reopening last friday she was panicked >> i literally stayed up the whole night on wednesday i did not sleep for one second because i was so worried and so scared and i feel like i have so much anxiety right now >> dulce said she explained the condition to the manager and the concerns and both agreed to stay home for now but

a bit surprising it took this long rahel solomon joining us with more on these stories. >> the trump administration reportedly planning to ramp up efforts to move u.s. production and supply chain dependency away from china according to reuters, a potential move comes as a result of the u.s.'s coronavirus death toll and economic impact and follows an ap report claiming that u.s. intel officials believe china covered up the extent of its virus outbreak to stock up on medical supplies needed to respond to it. meanwhile, seven north eastern states have formed a consortium to buy personal protective equipment. ahead of an expected coronavirus resurgence in the fall >>> and the ceo of gilead sciences says the coronavirus-fighting drug remdesivir will get in the hands of doctors and patients this week daniel o'day says his company has donated entire supply of the drug to the u.s. government. good news there. back to you. >> we could use a little good news this morning. futures down 350, all the news, thank you for that >>> by the way, costco in new jersey limiting meat buying to three items

rahel solomon, thanks so much. >> as do we all, kelly president trump in a battle of words with twitter, will social nsuea companies suffer the coeqnces that discussion is next on "power lunch." okay, give it a try. between wisdom and curiosity, there's a bridge. between ideas and inspiration, trauma and treatment. gained a couple of more pounds. that's good for the babies. between the moments that make us who we are, and keeping them safe, private and secure, there's webex. ♪ ♪ beautiful. we're committed to making college more accessibley, by making it more affordable, that's why we're keeping our tuition the same through the year 2021. - i knew snhu was the place for me when i saw how affordable it was. i ran to my husband with my computer and i said, "look, we can do this." - [narrator] take advantage of some of the lowest online tuition rates in the nation. find your degree at snhu.edu. >>> welcome back, everybody. a showdown brewing between president trump and twitter, that company fact checking one of the president's tweets for the first time ever, calling it, quote, potentially m

central banks continue to pump liquidity into the market >> time now for a coronavirus update with rahel solomon. >> chevron says that it will cut about 10% to 15% of its workforce or as many as 7,000 jobs with lower i' eer oil demand, cn has been reducing new investments and operating costs. and in california, one size whether not fit all when it comes to reopening schools state official says that plans will be different across region, but there will be some common threads. class sizes will be smaller and students will have their temperatures checked at school >>> and yale researchers say that monitoring sewage could give an early warning of covid-19 outbreaks daily tests of sewage in new haven showed a live in coronavirus rna days before reported cases in the area rose. the study has not been peer reviewed for more coronavirus coverage, head to cnbc.com >> thanks so much. and we have 28 minutes left in the session and we're higher by about 1.5% still ahead, shares of goldman sachs outperforming the broader bank index making another decent move we'll drill down on how the company is navigating

morning cnbc has exclusive and extensive data on the state of find it of mind of american workers rahel solomon we have the survey monkey work force survey. >> reporter: hi, andrew. we surveyed 9,000 working americans. workers are happier, more satisfied with their jobs than they were before the coronavirus. with millions of americans filing for unemployment every week, perhaps it should come as no surprise people are grateful to have a job. when it came to job security or how confident people felt about holding on to their positions or keeping their hours, the answers vary significantly based on race and industry so 61% of asian workers describe feeling very or somewhat worried about losing their job next was hispanic workers at 57%. african-american workers came in at 49% the unemployment rate for african-american and hispanic workers, the unemployment rate for asians at 14.5% was slightly better than the average, which was 14.7% which makes you wonder what's prompting asian workers to fear job security in the midst of this pandemic those in advertising and marketing were the most concerned a