it is 5:00 at cnbc global headquarters here is your five at 5:00. seeing some red. the dow coming off its first back-to-back losing streak since december the growing coronavirus threat china has closed down the city at the center and stepping up screening of travelers coming from china boeing's new ceo speaking out for the first time painting an optimistic picture

of that grounded 737 max jet just in time for earnings, comcast to take aim at cnn with a new global news channel. the wait for zion williamson is over as the rookie makes his nba debut in spectacular fashion all of that and more as "worldwide exchange" begins right now. ♪ >> good morning. welcome to the show. i'm dominic chu in for brian sullivan here are how stock futures are looking after closing with record highs yesterday the dow coming off its first two-day losing streak since mid-december s&p 500 on pace to break a two-week winning streak with the worst workweek performance since

november you can see the dow down by 36 points the bond market also a big focus. we are seeing a slight tick lower. benchmark 10-year yield 1.74%. two-year notes, 1.57%. going worldwide. asia continues to take the brunt of that risk off sentiment and mentality. the nikkei in japan down by 1% the hang seng off by 1.5%. nearly 3% declines in the shanghai composite a lot of that coronavirus scare playing out. the shanghai composite down this week over the concerns of the coronavirus and the threat that has killed 17 people and affected hundreds more

keeping a close eye on those markets and the reaction we'll go now to the region matt, take us through what the markets are thinking given this particular move of the coronavirus ahead of the lunar new year >> absolutely. stock across the region as investors spread and wuhan shuts down transportation and outgoing flights to and from the city down 2.75% today is the final trading session before the lunar new year break some investors exiting the positions. a shortened trading session before reopening next wednesday

before the break sector wise, big moves i want to show you across airline travel and gaming stocks. several airlines weaker. a number announcing suspensions into the city of wuhan gaming stocks, particularly hard hit especially with those with exposure to macao under pressure worries that the spread of coronavirus may hit chinese travelers. this is where we saw a lot of the market action in those gaming, tourism and airline stocks back to you. >> the latest on the coronavirus in the region. let's go to art to talk about the market reaction. a busy earning day coming up futures are pointing towards a lower move art, i want to bring you into

this discussion because the coronavirus and everything happening in the asian region is part of the tone in the markets right now. how important is the health care to the global system >> first, we have to remember, sars was 17 years ago but we still remember how much it slowed the economy down. humans have this reaction to not do anything. let's cocoon, not go out, not travel the reaction in the market has been logical in that the sek trs involved in it like casino stocks are actually getting hit. i think the difference here is that since we went through the sars epidemic and ebola.

they have kwau closed down a ci with 17 million people in it they've run out of masks give me a reason to sell we've been looking for something that says this makes sense >> stretch may be a tad put of an understatement. the average price of the s&p over the last 50 days and just how far above that 50-day average price we've traded now, there is nothing that seems to take this market down on with this virus we've seen, still near the record highs. what does that tell you? >> several head wins that faced us last year have dissipated u.s./china trade certainly in the rearview mirror.

getting nafta 2.0 behind us. the data calendar has been interesting. i think there is the possibility that the mean growth we expect this year, the estimates might be a bit low, especially if there is corporate confidence and cap x spending >> in 2018, there was a theme developing that we were due for a recession, some kind of economic slow down it played out a little early 2019 and then we know what happened the markets took off and stabilized is there any threat that a sell off or shut down is looming? >> doesn't feel like that. i think there is always a threat of a recession

i don't think it is around the corner like we thought it was. the fed clearly pivoted and went from being auto pilot hawks to being dovish the bar for the fed to cut is much more. that coupled with the fact that we seem to see a bottoming in the eurozone a lot of the pmi's have zeroed out. that deceleration has halted i think that helps a ton >> art, thank you for those market thoughts. let's take a look at other toppies this morning rahel solomon has more >> reuters ask out with a new poll suggesting that the phase one trade deal with u.s. and china is unlikely to provide a boost and will only reduce the down side risks. out of 100 economists, not juon

said it would increase growth. about 30 to 35% in the next two years. payment provider square has won a new network transition to move currencies including cryptocurrencies it could be add ven tajious. ford is expecting to take a record $2.2 billion pretax hit over employees pension funds leading to the increase of amount of money that can be used for future pension benefits. >> back on the show, new details

about comcast ambitions. plus much more on the coronavirus threat and the u.s. response we speak with a former cdc director coming up and how tesla is making history again and possibly lining the pockets of its ceo and founder, elon musk more after this. risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone call, we'll pick up and deliver your clubs on-time, guaranteed, for as low as $39.99. shipsticks.com saves you time and money. make it simple. make it ship sticks.

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welcome back that's a live shot of hong kong. it's 6:12 p.m. local time there right now. that entire region still dealing with the coronavirus issues. comcast gets set to report earnings later rahel solomon joins us with a look at comcast. >> confirming nbc and sky will launch a global news center taking aim the first effort to unite the brands after buying sky for $20 billion in 2018. the service will initially draw from the company's combined work force and then hire over 200 dedicated staffers

nbc sky world news will be available on line and through streaming services reaching about 300 million worldwide. knn reaches abo-- cnn reaches a0 billion. you can see the rise in internet customers. listening to further commentary an peacock shares of comcast up about 30% over the past year don't miss a first interview with comcast ceo brian roberts at 7:30 eastern. >> thank you still on deck for the show, why you may want to make alternative plans for your therapy peacock next time you fly in the united states the trending story about those

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texas instruments fourth quarter profits fell but still beat analysts forecast. seeing demand stabilizing and expects fourth quarter revenues. shares down 1% st microon track for its best day since october. reporting better than expected fourth quarter revenues. guidi guiding fourth quarter sales sharz up 7% in european trading. and citrx system adjusts results in forecast of software and cloud computing is raising full-year guidance for 2020. citrix shares up 5%. coming up, we go back to the forum in davos, switzerland

where our own sara eisen sakpes with leaders more coming from switzerland the more you push yourself, the more confident you're going to get. and the more confidence you have, the more people are going to listen to you. especially as a woman in the industry. you need to actually just make sure that you push it. ♪ ♪ cisco. the bridge to possible. that's what happens in golf nothiand in life.ily. i'm very fortunate i can lean on people, and that for me is what teamwork is all about. you can't do everything yourself. you need someone to guide you and help you make those tough decisions, that's morgan stanley. they're industry leaders, but the most important thing is they want to do it the right way.

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go beyond the expected. to do the extraordinary. take your business beyond. welcome back to "worldwide exchange." let's get back to the world economic forum in davos, switzerland. sara, it has been great.

i caught some of your last panel. what do you have next? >> thank you so much good morning, dom. i'm here with the chairman of jp morgan chase international, former bank of israel governor a davos vaeteran how many years now >> this is 33. >> there is so much talk around climate and esg and negative interest rates you were earnly in warning abou negative interest rates. >> it is an issue. negative interest rates have done their job very well when the financial crisis was at its highest. it was important to extinguish

the fire but it is abnormal it moves the load of the financial industry it encourages people to take morris being it weakens the financial industry look at the pension system, true life insurance it represents a fundamental imbalance. it is a result of something called the only game in town monetary policy has become the only game in town for too long the important thing is the solution has to come through other policy solutions whether fiscal policy or pressure those policies remove distortions including open markets. one of the dangers today comes from fragmentation

too many countries see internal fragmentation. significant number of people feel and it is always we versus them us versus them the issue of trade is the most important issue. >> on debate, clearly people are worried about. what if they do go to the economic down turn, do they have any policies left? >> there is a gallery of policy instruments whether in principal or interest rate guidance, macrocredential. there is no question that a most important and potent policy is the interest rate. if you push it too close to zero, you have little room to go

if the need arises this is another reason why you should really propel for the next crisis. i don't see one coming by the way, this is a long term recovering banks have more liquidity and leverage the normal time to bring normalcy and balance to the policy and the instruments of economic policy. >> trade we have two deals signed usmca. how much uncertainty does that reduce in the system it is still a long way to go the most important countries in the worlt are china and the united states. there is a sign of friction, the

markets get very unsettled it is like the two copilots of the plane fighting when we are sitting there in the seats what would we think. we would sit on our hands. we may pray but we would not plan our next investment we let the dust settle that uncertainty is important to be removed it is nice to celebrate phase one but important to focus on phase two. >> since you predicted the negative interest rate, a year from now, what will we abobe talking about with the global economy? >> i do not see a recession coming no question the growth is below what we like it to be but different from what we feel it would be >> thank you dom, back to you >> thank you we look forward to your

continuing coverage from davos, switzerland. when we come back, boeing's new ceo speaks out for the first time when he plans to do to stop that stock's slide. plus china taking some drastic new steps to contain the coronavirus. orwi ehae"s ck after this d to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

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u.s. stocks pointing towards a more mixed open as global markets face pressure coming in part because of the growing concern about the spread of the coronavirus out of china we'll speak with the former director from the centers for diseases and control and boeing's new ceo speaks out for the first time since taking charge about the optimism for the troubled 737 max the second half of "worldwide exchange" starts right now welcome back to the show here is how stock futures are looking half way through the 5:00 a.m. eastern hour you can see futures are

stabilized over the last half hour a mixed open implied bonds are moving a little. bond prices going slightly higher, yields slightly lower. 10-year 1.74%. 1.54% for two-year asia continuing to take a risk off trade sentiment the growing coronavirus threat has now killed 17 people and affected hundreds more you can see the markets there all feeling the effects of that risk off sentiment let's see what is happening in the early european trade and swing the globe around to europe the cac in france up and the german dax and ftse 100 to a quarter to a third percent down.

looking at other top stories this morning >> a lot of amazon news. one senator is asking for information over allegations that the saudi crowned prince was personally involved in the hacking of the amazon leader's phone. helping congress to understand what happened and protect americans from similar attacks the senator requested a response >> amazon trying to stop work on microsoft's defense contract asking for a pause of work until the dispute over that contract over several months now, the plan of the pentagon to go with microsoft. trip advisor is apparently cutting 200 jobs

the on-line travel advisor citing google pushing its own hotel products in search results as a challenge it faces. back to you. >> thank you, we are following that developing story following the. the virus has killed 17 people and sickened hundreds more the world health organization is set to meet and discuss whether the virus is a global health emergency. in wuhan, the center of the outbreak and major travel hub, have suspended outbound flights and departures in a bid to

contain the virus. euni eunice yoon, what is the government saying there about the efforts to contain it? >> reporter: the chinese government has a task at hand. wuhan is a city of 11 million people they are effectively quarantining a city larger than new york they have shut down planes, flights, ferries, public buses they are going to take even more measures to lockdown the city. people can no longer take coaches or ferries in or out nor can they charter a vehicle or boat you can still take a private car out of the city. however, the highways are being very closely monitored

airlines are being urged now to reduce their flights in and out of wuhan the country says so far more than half of those flights have been canceled. authorities are coordinating production of face masks in order to try to protect travelers. they say the inventory so far is at 46 million. likely to grow they are coordinating efforts from several factories honeywell is working day and night to meet demand >> so, we know the travel restrictions are in place right now because of the massive lunar new year celebration set to take effect starting tomorrow markets are closing early there. what does this mean in terms of the overall celebration and will this put a slow down on the

economy? >> it is definitely dampening sentiment. places like macao have already canceled their festivities also the film industry this is a time when people like to go out and spend money. all seven films set to release during this period have been withdrawn. authorities in wuhan are also very mindful and like to celebrate with a lot of food around there are several reports of stores seeing a run on the store shelves. authorities have said they will guarantee water and food and other necessities throughout this period but no details on how they will do that. >> amid that growing concern, chicago's o'hare and atlanta

hartfield have become the latest in the u.s. to begin conducting extended screening on travelers arriving from china. companies like ford and general motors have started restricting employee travel to the city amid concerns for more on this virus, i'm joined by former centers of disease control board. doctor, thank you for joining us this morning how serious is this? >> it is really early days, we are seeing hundreds of cases spread to multiple countries there are two key things we don't understand first, how contagious is it? and how deadly is it if you look at coronavirus, they

range from the common cold to sars we don't know yet where this one fits on that spectrum. how much of the backgroustrategn we use for a road map for this particular virus in wuhan? >> first, we need to get more information. have a sense of how many total cases there are, how they have been spreading and what the risk factors are? older, underlying conditions, health care workers so we can understand how it is spreading so we can help stop it first off, wash your hands

regularly, cover your mouth and nose if you cough and sneeze third, if you are sick, don't go out. for wuhan and other places, it is likely the spread it is important to restrict travel there particularly for people who are elderly or have underlying health conditions and would become severely ill if in facted. >> before the ebola outbreak, how closely will regulators with trying to come up with a vaccine. >> there is a product that makes a difference one is a face mask it is common in asia to see

people with asia that does reduce the spread of disease. in terms of vaccine or treatment, that is probably a ways away. >> thank you, doctor well be following that story closely. now to boeing where newly minted ceo looking to put at he's concerns over the 737 max fleet. he wants to resume production months before investors sign off on the planes adding that company will not maintain the dividend when asked about the entire rebranding of the max

>> the change is a straight out change with a new name would be sort of silly. our opportunity is to restore the faith and trust in the boeing family. >> joining me now, cnbc reporter leslie joseph. what did we learn from the call and was calhoun's tone different than his predecessor >> it was completely different a 180 from muilenburg's tone calhoun is being a bit more cautious his tone was also extremely confident. his goal is to get trust back regulators, suppliers have cut

the job in the grounding probably the most challenging of the flying public. >> why did boeing push back the recertification date >> one thing to remember, there isn't a firm date. calhoun is giving a range or time, boeing did an about face about simulator training, which is a time consuming cost process that airlines don't need to do now they are changing their tone they said this is the reason they are pushing it back they found problems with wiring and other issues that is pretty much the simulator change that caused them to push back the schedule >> we know there are changes to this model jet but there have

been hundreds of thousands more that have not had any issue in the united states. this plane has never had an issue or deadly crashes. does that mean the american public will feel good about flying this plane again? >> some surveys have shown the traveling public is reluctant still. they'll wait about six months. all the airlines will put their executives on there or exhibition flights to get their own testing, their cabin crews and pilots used to the plane it won't just be the faa ungrounds it and we see them in the lineup the next day. >> my father growing up would always say the restaurants that were the safest to eat it were the ones that just had an

outbreak coming up on the show, looking at one cloud software company adding to its recent run today. we'll give you that name plus the end of an era in the nfl as one of the league's most respected quarterbacks hangs up his cleats and steven mnuchin joins us live omfr davos, switzerland at 8:15 eastern time that's coming up you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

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welcome back to the show we'll get a check on stocks on the move you can see shares jumping better than reported results raising its earningsin guidanc for the full year. a move up in the pre-market.

h.b. fuller moving a maker of industrial add heesives projecting 2020 earnings below analyst estimates. paycom software getting a boost. will be added to the s&p this tuesday. >> it will replace well care health plans being acquired. paycom up 5% in trade. time for this morning's top trending stories. >> this first one is a bit controversial. >> people either love this or hate this. the proposal comes as airlines claim current rules that allow support animals to fly free are

too lose and hoping the world will help them to stiffle exotic animals. people have tried to bring ducks, geese, even peacocks on board. >> many viewers out there understand i am an animal person i have two dogs. you are a dog owner. i love animals and i totally agree with this. it is getting out of hand. this is not a comment of whether people need it it's going to become a zoo >> on some flights, some people feel like it has been. >> and you are doing it for free >> right fortnite has moved into professional leagues but now moving into high school and colleges partnering with epic games that

is like the ncaa of the high school sports. players will pay a fee to enter and compete with neighboring schools. stats will be shared with players, coaches and even recruiters they have waited to get a varsity esports league going >> i can only imagine the repetitive use injuries. i don't know if i agree with this but i do like the fact that people are saying, if there is an outlet, let them play >> from a new aged sport to one of the most american pastimes, eli manning will retire after 16 seasons with the giants where he started 210 consecutive gamess the longest stretch.

he'll go out with numerous records. he ranked seven in passing yards, passing touchdowns and completions. he is one of five quarterbacks to win at least two super bowl mvps rocky season but what a career >> i'm a native bay area guy there has always been a rivalry between the west coast and east coast. i will say this, eli is certainly one of the best quarterbacks in nfl history. i remember when i first came new york and watching eli manning. our current boss used to say, you cannot spell elite without eli. he's a standup guy this is an end of anera.

we wish him the best thank you. all eyes were on the pelicans last night rookie zion williamson made his rookie debut after missing the first half of the season due to a knee injury. spending 18 minutes on the hard wood the teenager took advantage of the moment he scored 22 points, hitting four consecutive three pointers. he's the first rookie to ever go four from four downtown in his debut game unfortunately, the pelicans still fell short to the spurs. plenty to look forward to. there is so much hype around zion he made that hype more reality new details about a whistleblower saying the faa giving southwest airlines

special trtmt.eaen "worldwide exchange" is back in a moment looking to get your business off to a fast start in the new year? it's go time! switch to comcast business and get fast internet on the nation's largest gig-speed network. plus, complete reliability with 4g lte backup. and, cloud-based security to help protect the devices on your network. greenlight your business in 2020

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there were babies involved... and they weren't saying much. that's what we do at 3m, we listen to people, even those who don't have a voice. we are people helping people. welcome back to the show headlines you need the faa reportedly gave southwest airlines special treatment when it came approvals. citing comments from the agency, an faa employee claimed the agency rushed the approval process for southwest flights from california and hawaii and adds that they took part in,

quote/unquote gross abuse. >> tesla's market company closes above $100 billion putting elon musk close to his payout for hitting and maintaining that threshold >> ubs resumes coverage. and comcast is set to report earnings today as it sheds light on new global news ambitions nbc and sky news new service will have ten bureaus worldwide and will be available on line and through streaming services comcast confirmed the new service will launch later this summer >> new concerns about the

growing coronavirus square i'm joined by chief global and investment strategist from charles schwab ahead of the chinese new year, the coronavirus, how big a deal is this? >> the human toll is immeasurable we can never tell if this is going to be the pandemic that breaks out but we have more than a dozen of these break outs to take a look at the market impact that is even true when the global economy was vulnerable. in 2003, it was sars and then it

was the swine flu. sars was a total global cost of $33 billion. the seasonal flu in the u.s. costs $7 billion it seems prudent to take precautions if you are a traveler, probably not if you are an investor. >> i say it because of markets around the world how important is it to this economy. manufacturing is still soft. we have not seen the fiscal spending around the world, that could be

the weak link that takes out the leg under this stool it is important to watch let's talk about the earnings impact in the united states. any themes that point to a stronger open in 2020? not hearing the uptick in costs and on the employment side the upward guidance. many business leaders felt like we were going to see a recession this year but not hearing a change in tone i'd like to hear a bit more of that >> earnings key.

we'll get more out of them thank you for joining us this morning. >> futures have a muted open the dow down by about 20 points. that does it for "worldwide exchange" this morning "squawk box" in davos, switzerland starts right now >> announcer: the economy and market's bull run discussed here the biggest names in business are discussing matters important to your money. this hour, the heads of honeywell, ban capital and workday. it is january 23, 2020. "squawk box" begins right now. good morning welcome to "squawk box" here we are live from the world economic forum

i'm becky quick. a lot happening here we'll talk to plenty of big leaders today. let's look at what is happening with u.s. equity futures dow futures down >> is this a conversation actually happening here with the coronavirus. we continue to follow growing fares. china now confirming 571 cases it has killed 17 people. in wuhan, they've suspended outbound flights and departures in a bid to contain. another city near has been put on lockdown. health officials in washington state are monitoring 16 people who came in contact with the traveler from china believed to be