CNBC Business

"In a U-shaped recovery I'm expecting, the stock market will pull back again and that is when you can put some money to work," the "Mad Money" host said.

Despite the jump in deaths, Gov. Phil Murphy noted that the spread of the virus appears to be slowing down, though he cautioned that it's too early to say so definitively.

A coalition of health and industry partners is looking at convalescent plasma as a potential treatment for the coronavirus, Mayo Clinic CEO Dr. Gianrico Farrugia told CNBC on Tuesday.

"I don't want to risk it. I think America doesn't want to risk it," CNBC's Jim Cramer said Tuesday, regarding quickly reopening the U.S. economy.

In its quarterly earnings report published last week, Carnival did not provide 2020 guidance but assured investors that it will be able to remain in compliance with its debt obligations for at least 12 months.

Stocks among the hardest-hit by the coronavirus, including cruise and airline stocks, rallied on Tuesday.

"The virus is not going to go away until we have a vaccine, so we're always going to have to find strategies to deal with this, to prevent the next wave," said Johns Hopkins University's Dr. Robert Bollinger.

Broad testing of people for the coronavirus as was done in South Korea could slow the spread of COVID-19 in some parts of the United States, an infectious diseases expert said.

Allstate CEO Thomas Wilson said driving began to fall dramatically beginning in the third week of March and is down around 35% to 50% depending on the state. "People stopped driving pretty much on their own," he told CNBC.

Several U.S. House Democrats representing Washington state urged Boeing to accept government aid as the manufacturer shuts down plants because of coronavirus.

The improvement gives the city precious time to secure needed supplies for a wave of patients expected to hit local hospitals in the next few weeks.

Darden Restaurants said Tuesday that it is furloughing some restaurant support center employees and slashing executive pay as same-store sales plummet 39% so far in the fiscal fourth quarter.

The pharmacy chain says the new sites will use Abbott Laboratories' rapid testing technology and will be open to members of the public who are showing symptoms of COVID-19.

New Jersey Gov. Phil Murphy is holding his daily press conference on the COVID-19 outbreak, which has infected more than 41,000 people in the state as of Tuesday.

Pence, Fauci, Birx and Polowczyk will update Democrats on the coronavirus response effort, including the status of supply chains.

Costco and Walmart shares are higher for the year. Though both have broken out, Oppenheimer's head of technical analysis, Ari Wald, says one has the edge over the other here.

Stock markets are "totally unprepared" for how long economies will take to normalize after the coronavirus crisis, one strategist told CNBC Tuesday.

The plan would call for MLB teams to play games in ballparks throughout the Phoenix area, with clubs living in contained environments.

"We need to be really smart" about when "we reopen America," Rep. Josh Gottheimer said, stressing safety first.