Squawk on the Street

Carl Quintanilla, Jim Cramer and David Faber discuss the turn in the market, as investors digest the latest private payrolls report from ADP, showing a drop of 20.2 million in April. The pandemic forcing employers of all sizes to cut back and lay people off. That being one theme of the morning as Uber announces it’s cutting about 3,700 workers, about 14% of its workforce, as it looks to reduce costs amid a falloff in rides during the pandemic. Disney reporting results, announcing that it’s suspending its dividend for the first half of the fiscal year. A key metric, the company’s parks segment, was down 10% as its theme parks around the world have been closed due to the coronavirus. Disney says it’s planning to reopen its Shanghai park on May 11th. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discuss the pop in stocks for the second day in a row. Investors looking toward a more hopeful picture for reopening the economy. Pfizer is beginning human testing for its experimental coronavirus vaccine in the U.S. The company is working alongside German drugmaker BioNTech, saying the first human participants in the U.S. have been dosed with the potential vaccine. Starbucks announcing its plans to reopen more than 85% of its U.S. stores by the end of this week. It initially won’t allow dine-in service, but will provide pickup and delivery in cafes, as well as drive-through. By early June, the company expects to have more than 90% of its stores open with limited hours. Plus, WeWork co-founder Adam Neumann is going after Softbank, suing them over its failed tender offer. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer & David Faber discuss the slump in stocks to start the week. Investors weighing tensions between the U.S. and China over COVID-19. Airline stocks among the biggest losers in the S&P, with Delta, United and American all dropping more than 7%. The oracle of Omaha, Warren Buffett, saying over the weekend his Berkshire Hathaway sold all of its airline holdings because of the coronavirus outbreak. Salesforce releasing new tools to help organizations in their efforts to reopen safely. Salesforce CEO, Marc Benioff joined the "Squawk on the Street" gang to discuss the new tools they're unveiling and the road ahead to reopening the economy. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discuss the slump for stocks to start the month of May. Two big tech giant's in focus: Amazon & Apple both reporting results. Amazon CEO Jeff Bezos telling investors they're planning to spend all of their Q2 profits on a response to the coronavirus. In the press release post earnings Bezos said, :"If you're a shareowner in Amazon, you may want to take a seat, because we're not thinking small. Under normal circumstances, in this Q2, we'd expect to make some $4 billion or more in operating profit. But these aren't normal circumstances." Apple reporting flat revenue and didn't offer guidance because of the uncertainty surrounding COVID-19. Plus, National Economic Council Adviser Larry Kudlow joins "Squawk on the Street" to discuss the road ahead for the economy in the wake of the coronavirus and how the White House is planning to move forward with China. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Carl Quintanilla, Jim Cramer and David Faber discuss the tough economic data as U.S. weekly jobless claims hit 3.84 million, topping 30 million over the last 6 weeks. The busiest week of earnings season continues, as giants Facebook, Microsoft, Qualcomm and Tesla reported results.McDonald's among the company's reporting results, earnings missed but revenue beat. The fast-food giant seeing strong sales prior to the hit from COVID-19, but saw a sizeable decline once the pandemic hit. McDonald's CEO joining the "Squawk on the Street" gang to discuss the impact of coronavirus on his company's bottom line, the road ahead and how they're going to protect employees and customers going forward. The CEO's of DOW and ServiceNow also joining Carl, Jim and David to discuss earnings, the quarters to come and how the expect the virus will impact their companies going forward. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Listen to CNBC's special report on how the novel Coronavirus outbreak is spreading in the United States, and how it's continuing to hit stock markets around the world. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.