Stocks Moving Higher, Dr. Fauci to Testify Before the Senate, Defying Orders

Published: May 12, 2020, 2:22 p.m.

b'Stocks rising slightly as investors evaluate the latest attempts to reopen the economy.\\xa0The Nasdaq is heading for its seventh straight day of gains.\\xa0Dr. Anthony Fauci and other health officials will testify before the Senate Health Committee discussing reopening the economy.\\xa0Simon Property Group, the biggest U.S. mall owner is planning to have 50% of its centers reopened this week, as states begin to loosen their lockdown restrictions. Plus, it\\u2019s Elon Musk vs. California. Tesla\\u2019s CEO defying orders and reopening his plant in Alameda County in a standoff with county officials. Musk tweeting: \\u201cTesla is restarting production today against Alameda Country rules. I will be on the line with everyone else. If anyone is arrested, I ask that it only be me.\\u201d\\xa0Plus, the CEO of International Flavors & Fragrances joins the \\u201cSquawk on the Street\\u201d team on earnings and the road ahead during the COVID-19 pandemic.'