Carl Quintanilla, Morgan Brennan and Mike Santoli discuss the morning’s market moves as coronavirus cases spike, with Texas, Florida, California and Arizona seeing a surge in infections. Plus, why American Airlines is planning to lift its capacity cap on flights starting July 1. Nike shares slipping on the back of a surprising quarterly loss for the apparel giant. And reopening risks, what the nation’s largest provider of single-family home rentals says about the urban flight to the suburbs
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Squawk on the Street