s it 5:00 at cnbc global headquarters here is your "five@5." china looking to stop the spread of the coronavirus as the death toll rises overnight fears keeping wall street gains in check as the dow looks to recover from three days of rises. speaking of intel, the stock is looking to open at least 6 percent e higher today

plus a new deal with apple helping this mystery stock this morning. could it be the most expensive super bowl ticket ever all that and more as "worldwide exchange" begins on this friday right now. ♪ good morning and welcome to the show here is how stock futures are setting this morning up on this friday we'll see some positivity to add to some of the gains the dow would open by about 70 points s&p by about 8 points implied and nasdaq about 50. a lot of chip stocks we are seeing an uptick in

yields there has been a near to medium turn downtrend 10-year yield there as well. most of asia closed for the lunar holiday. trade very positive. some say maybe a catchup trade the cac in france up 1.3%. ftse 100 in the uk up over 1.5% and similar gains in the dax as well a sea of green in the european trade. looking at some of the top stories today. frank holland is here with those. starting with presidential news will reportedly sign the usmca into law at the white house.

invetations have been sent out and the ceremony will allow leaders from other countries to attend bayer to settle shares numbers are not final but will look to set aside $8 billion to resolve current cases with $2 billion in reserve for future claims jamie dimon getting a 1.6% raise to $31.5 million his package includes $1.5 million in salary and $30 million in performance-based incentives $5 million will come in cash and $25 million in stocks. >> this is a great story it doesn't speak yet to the

growing gap between ceo pay and worker pay if somebody is going to get a bonus, it should be because the company is doing really well they have record profits so jam ie dimon arguably does deserve it >> the stock surge it is hard to find a metric where he's not at least meeting his performance or exceeding it. to china now where they are racing to stem the spread of the mystery coronavirus strain expanding the transportation shutdown to 11 cities nationwide effective effectively kwaurnt evening millions overnight, 26 people have died there are been more suspected

outbreaks. already propertying s&p rating to issue a statement warning that if the situation worse earns, it could knock 1.2 percentage points off china's growth this year confirming the second chase of the wuhan virus. more on that story throughout the morning. u.s. stock futures shrugging off fears. blue chips are about flat for the week as we look ahead to what will be the single busiest week of earnings season next week with over 100 plus s&p 500 companies reporting. you see all those companies. monday, whirl pool 3 m and apple on tuesday tuesday is expected to be the single busiest days of earnings

season as well joining me now, dory wily. let's talk about this market that cannot seem to go down. what does this say about sentiment if the market does shrug everything off >> that's a good way to put it it did fall off a bit and take a breather i think there was some profit taking and the coronavirus outbreak kind of gave it an excuse to take a breather. notdo not downplaying the outbreak i think next week will be very important. the market seems to be looking a lot more forward than it is backward on expectations which is not typical but it seems to be very bullish about 2020 >> this is very much the accentuate the positive, elimina

eliminate the negative and don't mess with mr. in between the market has really done nothing but go higher for months now. >> yes and no. there has been good news and good earnings. there has been a lot of expansion getting high in a lot of areas this is getting to be a tough market to find your spot you want to buy good companies and catch the upside but the quality companies should hopefully minimize some of the down side. we will have a correction here it should be volatile. we won't just go up and up in 2020 i think we'll have a good year but two-thirds of the time after a great year like last year, your forward return in the market is somewhere around 6% to 10%. >> at this point, should the bulls be hoping for some sort of a pull back? i ask because it seems as though the threat of the middle east conflict and war and boots on

the ground in iran and iraq didn't shake things. we are talking about a market shrugging off every geopolitical concern including the spread of a deadly virus what would prompt the market to move to the down side in that kind of a way? >> the market does seem to be shrugging everything off you hit the nail on the head everything seems to have a moderately bullish outlook they are looking for a pull back if everyone has that consensus, that makes it tough for it to happen does that make sense >> it does here is my point if it's going to be like that, where do you pick the stocks what stocks are you looking at for any kind of a pull back? >> first place, the most cloudy would be energy. we've had a big drop there big drop in profits trying to figure out who will be in good

shape for 2020 markets trying to look forward it is still cloudy you look some place like pioneer that is a good company don't get too risky. pick a few spots i still think banking looks really good. a lot of good-yielding stocks there. credit still remains strong, margins have very healthy. many yield 3% to 4% to 5%. >> thank you very much, dorey. have a great weekend, sir. >> thank you when we come back, details on the historic fine and ban facing former wells fargo ceo plus a big black eye for global hedge funds after a disappointing 19 and the wheel of fortune trend

that is trending for all the right reasons. a very busy hour still ahead when "worldwide exchange" returns after this ♪ the world is customized to you. built for you. so why isn't it all about you, when it comes to your money? so. what's on your mind? we are edward jones, a 97-year-old firm built for right now. with one financial advisor per office, we're all about knowing what's important to you the one who matters. edward jones. it's time for investing to feel individual. see how to keep people moving, ♪ to keep a city moving. with esri location technology, you can see what others can't.

♪ oh no, here comes gthe neighbor probably to brag about how amazing his xfinity customer service is. i'm mike, i'm so busy. good thing xfinity has two-hour appointment windows. they have night and weekend appointments too. he's here. bill? karolyn? nope! no, just a couple of rocks. download the my account app to manage your appointments making today's xfinity customer service

simple, easy, awesome. i'll pass. that's what you are looking at right now a live shot of chicago, illinois just after 4:12 a.m. central time out there our next guest/personality knows quite a bit about that the u.s. government coming

down hard on the former head of wells fargo punishing him for the fake account stand al. frank holland joins us with that >> reporter: the u.s. regulator is banning former ceo from ever working in the banking industry again. he abruptly left the company will pay $17.5 million for the scandals in which millions of fake accounts were set up to meet sales quotas. that's the largest penalty ever secured against an individual. they plan to target other executives the former head against wells fargo former head carry tolstedt is finding the claim against her. the issues stemming from the scandal since 2016 once a rapidly growing lender

with large profits their growth has stag nated. following the announcement, they say occ's actions are consistent with my belief we should hold ourselves accountable. shares are up but this news will have an impact on business going forward. >> not a small punishment. a ban for life big deal coming up, shares of intel up sharply we'll tell you why when we come back >> announcer: today's big number $98 billion. that's how much money investors pulled out of hedge funds last year according to a report from evestment making it the work year for hedge fund investment since 2016 legendary terrain in telluride,

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♪ ♪ ♪ ♪ don't get mad. get e*trade, dawg. let's get a check on some of the stocks on the move today you've got intel with better than expected fourth quarter thanks to increase profits and revenues will come in above estimates driven by cloud computing demand shares up 6% pre-market. don't miss intel ceo bob swan later today at 11:00 a.m.

eastern. broadcom has struggle several deals to supply apple. those agreements as well as a separate deal last year to produce radio parts will deliver some $15 billion in revenue. shares up 2.5% we'll keep the semiconductor theme going. skyworks is lower today. the company that makes radio chips for smartphones is forecasting second quarter revenue above analyst estimates. a warning they could sell off if they did not deliver a big enough earnings beat also competing parts between broadcome and skyworks coming up, a stunner at the australia open and the latest on the impeachment trial and what

investors need twao tch out for from the nation's capitol. more after this.

a live shot of our nation's capitol in washington, d.c 5:21 a.m. eastern time a lot of stuff happening in that building these days. today's top washington story is the impeachment trial. tracie potts joins us with a look at what investors need to

watch for. >> reporter: watch for the reaction of republicans as democrats wrap up their case today. today focusing on the second article of impeachment, obstruction of congress. interestingly, some democrats say they think they are convincing their republican colleagues that the president could be guilty. did president trump prevent congress from invest gating his actions with ukraine by failing to produce documents and blocking white house witnesses that's the focus of today's arguments. >> this program is not america first. it is donald trump first >> today, using their own words from the clinton impeachment >> doesn't even have to be a crime. >> president trump asked for the investigation into biden based on a made-up theory that no one

agreed with. no one >> if you find him guilty, you must find that he should be removed. >> president trump's legal team hinting that hunter biden's business in ukraine will be part of their defense >> they kind of opened the door on that response >> senator graham says no to the bidens or any witnesses. >> i want to end this thing sooner rather than later i don't want to turn it into a circus >> some republicans are convinced the president is guilty >> it may have planted the first seed in their minds that perhaps, yes, the president did something very wrong here. >> in my district, they are tuning this out. >> the other side is set to start tomorrow >> congressman schiff delivering his closing statement yesterday angered some republicans even got the chief justice to

jump in when he suggested some of those republican colleagues were part of the cover up. don. >> tracie potts, thank you for that update. let's get a check on other top headlines with frances rivera live from the new york news room with the latest. >> good morning. happy friday with he start with this one day after florida police issued a warrant for his arrest former wide receiver antonio brown is in police custody the former pro bowler turned himself in facing charges for battery and burglary he and his trainer attacked a moving truck driver. he said he is innocent on all charges and expected to appear before a judge this morning. and cocoa gauff beat osaka

in straight sets 6-3 and 6-4 the youngest player to beat a top five seed. serena williams is out she fell to 37 seed from china she won a third set in a match that lasted 2:45 this is a player williams crushed last year. the loss was only her second set back in the first week of a hard court major championship in 20 years. estimates from the national chicken council that americans will consume 1.5 billion chicken wings over super bowl weekend. that is an all-time record winner winner chicken dinner >> i want to know how do they come up with these stats how do they estimate that? there has to be some statistic

al model >> and someone's job to come up with that. >> tennis update, a big deal at the australian open, a lot of upsets at play coming up this morning, stocks to watch and containing the coronavirus. the death toll is rising in china while south korea and japan confirm second cases a live report ahead. stay tuned, you are watching "worldwide exchange" here on cnbc imagine traveling hassle-free with your golf clubs. now you can, with shipsticks.com!

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stocks bouncing back this morning as world health officials look to calm fears over the coronavirus outbreak in china. officials in china taking new steps to try to contain that virus. we are live in beijing with the latest get ready for potential changes in your credit score new changes being factored into your fico as the second half of "worldwide exchange" starts right now. welcome back i'm dominic chu in for brian sullivan here is how stock futures are setting up their day if you look at the way the implied morning will start looking at an 8-point rise for the s&p, about 70-point rise for

the dow and 50 points for the nasdaq looking at the bond market, a slight down tick in yields continuing a trend we've seen. benchmark 2-year 1.517%. 10-year 1.573%. most of asia are closed for the lunar new year the cac in france, ftse 100 in the uk and dax around 1.3 to 1.5% looking at other top stories with frank holland >> reporter: the department of homeland security is set to release a report today outlining immediate steps and plans that

includes warning warehouse operators with scrutiny if they don't fight the fake products. george soros is pledging $1 billion to education going to a network of universities around the world to help educate young people and promote, quote, personal autonomy. in a response to nationalism around the world boeing says a device suffered considerable and irreversible damage. direct tv plans to take steps to reduce the risk of an explosion. those are your headlines to china now where that koirnts is looking to stem the spread of the mystery coronavirus strain extending public transport

shutdown to 11 cities effectively quarantining some 26 million people 26 people have died, another 830 people have been affected. there are 1,000 plus suspected cases in 20 provinces around china at this stage. the outbreak has already prompted a statement warning that if the situation worsens, the disease could knock 1.2 percentage points off china's growth as china confirms the second chase of wuhan virus eunice, we know that places like beijing, hong kong and macao have canceled formal celebrations >> reporter: china is still going to be holding its lunar

new year gala on television so people will be able to watch it from their homes but most of the cities are discouraging people from gathering in public places. in terms of the confirmed cases so far, we've seen that number quadruple over the past week however, there are signs now that local authorities in the most affected areas such as wuhan are having trouble diagnosing the patients. they've been reporting that there aren't enough testing kits or medical workers trained to use them the back drop of this is that china has been investing a lot in health care over the past couple of years but it is still a state-run system with a shortage of qualified doctors and trained personnel. in a city like wuhan that is

wealthy. wuhan city said it is building a 1,000-bed hospital in less than 12 days in order to ease this bed shortage hospitals there have been so overwhelmed that they've been calling for protective gear for the public infected people have been isolated into wards. they are building and setting up areas adjacent to the hospitals to make sure those people stay quarantined. >> we understand shanghai disney is shutting their gates. movie premiers have been canceled all of this to keep people at

home, right? >> yep absolutely shanghai disneyland will be temporarily closed no word on when it would be reopened the company said they wanted to take precautions discouraging people from gathering in public areas. in terms of the movies this were supposed to be released, they are looking to release on line looking to release through tiktok's parent, something call called "bite dance." trying to get them to donate and for the province more broadly to watch more on tv

a reminder that you are still in china, authorizes said they didn't want any donations from foreign companies. so don't think netflix is going to be able to offer up any of its shows. >> a lot of effort being taken there to stem the flow of the virus. live with the latest there joining me now, managing director covering pharma and bio sectors. this is a very busy time, i'm sure trying to keep in touch with everything in the industry and medical developments what exactly has you the busiest right now given the coronavirus outbreak >> we all want to know what companies are interested in doing -- there is consolidation, or has been among vaccine manufacturers. a lot of what goes on in the

development of vaccines in the past 10 years have shifted you have sml companies and government-funded agencies it is of interest for us what the larger companies and those with vaccine business are picking up and developing. >> we are going to take a commercial break stick around we want to continue this conversation coming up, details in the new trend in-housing owg tong down the big money flinin co-living setups in our family homes "worldwide exchange" will be right back where others see chaos, we see patterns. ♪ connections. relationships.

♪ when you use location technology, you can see where things happen, before they happen. ♪ with esri location technology, you can see what others can't. ♪ but shouldn't somebody this is be listening?pression. so. let's talk. we're built for hearing what's important to you, one to one. edward jones. it's time for investing to feel individual. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

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. i'm really excited to be part of the morgan stanley team. i'm justin rose. we are morgan stanley. welcome back we are back with managing director covering pharma and biosectors and looking at key names to watch as we look at the spread of the coronavirus and possible cure for that we apologize for the technical difficulties to you and the viewers out there.

let's rehash what we said. there is a lot to consider right now. where exactly are you focused given the coronavirus? >> as we were saying before, the vaccines has been a consolidated space. there are not that many companies working in that space. you do have a crop of smaller companies using what i would argue would be newer technologies to create vaccines. if you look at broadly speaking, the development of vaccines among smaller companies versus larger companies, it is up about five fold. it is up about 100% in smaller companies. >> the industry dynamic we've been focused so much on, at least since ebola is oncology. it takes an outbreak like this to put the focus back on

infectious disease what types of companies would you be looking for in this environment? >> sure. it is interesting. you do see these outbreaks they can be self-limiting which is why it took so long to see an ebola vaccine. i think one of the most interesting things is looking at messenger rna as a way to develop vaccines basically telling the body, giving the body protein instructions to the immune system that's a different approach, which is taking a piece of the virus, giving it to somebody and helping the body form immunity >> it is the smaller, mid-cap companies that flourish. they are not the ones that can actually get the whole thing done they are a small piece of the

pie. large tech biotech has a part in this process, right? >> right when you look at vaccines, in general, there is a lot of technology infused you can see companies that are nimbal and react and can take things all the way back. think about how many people you need to test if a vaccine is working over a large time. >> what are the large tech and bios you would be looking for. >> so merck, glaxco, manafee there are about five vaccine manufacturers that control the market pfizer is another one. and another company spun out of cfl. there are a handful of emerging

companies. nova vax and others. one of the things interesting to me, if you go back and look at the ebola scare, you had some small companies that had very, very big and rapid price movements. of that, not much came out of that you have to be careful about that >> always be careful thank you very much for those thoughts let's get a check on stocks today. better than expected fourth quarter earnings shares are lower as shares slowed earnings did top estimates there. shares are down as the credit card companies shares did increase shares of ericcson are on track for the worse day since july a rise in fourth quarter profits also being hit by higher costs

to roll out 5g networks a new experiment in-housing and one company taking it to a high level >> good morning. co-living is one of the fastest growing segments with already $2 billion in investment. one startup, barely three years old is taking the idea to big suburb yan homes it appears to be working >> alex and abby were complete strangers when they toured this house over a year ago. they promptly moved in together along with three other strangers. >> it was perfect. i was just moving down here for graduate school. i didn't know anybody. >> they found the home through a company called bungelo

each renter is on a separate room contract. the sum of those is more on the average rent on the whole home >> we are able to capture 40% to 50% higher rents we are able to work with homeowners to create a higher revenue stream for them. >> taking care of the maintenance, cleaning, lawn care and utilities. representers pay one monthly fee. also helping roommates to prescreen each other by sending them to happy hour >> they do a good job of building a community of like-minded people in the same sort of age range and sort of experience >> last fall, the company announced $47 million bringing funds to $68 million helping them to scale to more than 12,000 residents by the end of the year >> we are looking to solve housing affordability and

loneliness >> residents are paying $800 to $1,000 a month depending on which room they get. bringing in more revenue to the homeowner who is renting out the house. and cheaper. you get a whole house for what you would pay for a one-bedroom or even a room in an apartment >> i wonder what that says about the housing market if we have to turn to this idea. the landlords thatcan make thi happen >> it is a big solution to not just affordability but also housing shortage especially in metropolitan areas it makes it more affordable to them >> thank you for that live update from washington, d.c. let's find out what else you'll be talking about today. time for this morning's top trending stories with frank

holland. i'm watching my fico score i protect it and nurture it. >> i only check it once a year i should do better >> every banking app gives it to you for free every month >> i didn't realize that we are going from mortgages to credit scores. millions could see changes as a result to figure out that number the company behind the popular fico score has announced the launch calculating debt levels most will see a change of less than 20 points 80 million will see a score of either 20 or more points up or down this is interesting. last year, a reporting that the average fico hit an all-time high of 703. >> now a change to the standards

that excluded tax leiens and judgements >> there is a move here to look at overall debt level. in a consumer-led economy, people are taking on debt to do it >> it depends if you are a company or person. a high level of debt should be a concern. game shows, are you a fan? >> i am. >> this was a dream for me for one former "worldwide exchange" family member, he got to live that dream through his better half. take a look. >> you can get this. already smiling confidently. the phrase 10 seconds good luck. >> bought and paid for >> yes that's it. nothing to it. >> patrick goodwin, whose par

ner is kevin flynn he won it all including a trip to costa rica. >> there he is ryan -- kevin flynn. the former senior on this show currently running "fast money. big deal >> the odds of winning, one in 300. >> congratulations to you, dom >> why >> your 49ers are in the super bowl >> if you want to see your niners, you've got to open up your wallet. according to ticket master, the average price for tickets to the big game -- >> i'm not going >> just under $9,000 higher than any other year in the past

cheapest tickets stale available that only costs $4,600 >> i'm going to wait until the last hours before the game and see if i can make it to miami and just hang out. >> so you are saying there is a chance >> i'll be watching from my couch. i love the 49ers i love that they are there i was emailing and messing with the ceo there. fans are as the country are in ecstasy right now. >> did you go in 2013 when they went before? >> i was not there no i've never been to a super bowl outside the new york area. still on deck, shares of intel are on the rise. we'll break down the numbers and the moves you need to make you can always watch or listen live on the go on the cnbc app st menn de exchange" is back i

ju aomt.

the headlines you need in 60 seconds. a former pharmaceutical executive has been sentences for five years for his role in the production and aggressive marketing of the company's pain killer the sentencing marks the first successful prosecution of a pharmaceutical executive tied to america's opioid epidemic. boeing has planned a test flight for the 777 x today on track to be delivered in 2021

after facing delays as a result of the 737 max model grounding shares of intel citing an increase of pc gaming and data centers. forecasting earnings and revenues coming in over the forecast driven by cloud computing demands. bob swan will have more when he joins squawk alley at 11:00 a.m. eastern time looking at the latest developments following the coronavirus outbreak in china. for more, i'm joined by global strategist at citi let's put some thoughts on whether the markets are getting it right around the coronavirus in china >> let's remember about half a

million people or more around the world die of ordinary influenzas you have to treat it as a potentially difficult thing. it can harm more people in unknown ways that creates certain measures and those are real economic effects. the psychology of possibly something going on causes disruptions. this has been largely contained to china for now what we remember -- issues like sars in 2002, 2003, there were significant economic effects, market effects but they were very temporary we were saying off air about getting more questions now about wuhan flu than about a trade war which was going to be fundamentally important to shaping the economy.

all of this will prove temporarily and will prove a set back largely for asia markets which we think of as an opportunity for rebound when this is overwith >> conflict in the middle east, the threat of coronavirus, more conflict around the world. the market doesn't go down the path of least resist tenyeni to the upside. tell me i'm wrong. >> a couple of years of worry has left a lot of money on the sidelines. we do believe we'll see a rebound in corporate profits we expect manufacturing trade and industrial activity to rebound within 2020. the u.s. stock market has gotten a long way towards discounting that already in a 30% year really does.

around the rest of the world, we think confidence is lacking some it will come back. this will focus on china and asia and is probably interrupting that rebound. we think it is coming. the question is how much return do you get out of the story i just told? >> after a year like last year i want to put that up again. it will be a week full of catalysts coming up. on wednesday and thursday, we'll probably get like 30 companies each of those days there will be no shortage of headlines and companies. is this now an earnings-driven market this year >> it is where earnings will be late in 2020 into 2021 after a year like last year, the market is looking ahead typically six months if it is seeing that our earnings estimates for 2 q, 3 q.

at the end of 2019 those don't look like outrageous growth rates those can get us more gains. the fact that credit markets, rate markets are really restrained worried enough that we keep rates this low is helpful. i do think it is a little trouble we are seeing the rate and it has been mostly a u.s. story. we don't think this will be a return here anything like 2019 confirming this recovery getting past the latest worry of the coronavirus. we'll have a couple of gains >> do valuations concern you >> i think if we go substantially higher in the u.s.

markets, it would be a concern with tax rates this low, we are not at an outragious level yet >> thank you for joining us. that does it for "worldwide exchange" this morning markets are going to open higher "squawk box" picks up that coverage it begins right now. containing the coronavirus 40 million people locked down in china as the country tries to stephan outbreak shares of intel. a boeing-built directv satellite facing trouble all of this and more as "squawk box" begins right now.

good morning and welcome to "squawk box" live from the marketsite in times square joe, becky and andrew are on their way back from the world economic forum in davos. our guest host is a cnbc contributor. checking on the futures market pointing higher by about 60 points or so for the dow the s&p and the dow are a little negative all close to all-time highs. the nasdaq had a fresh one just yesterday at the close treasury yields, 1.73 or so on the 10-year. down from the start of the week. we are at 1.80 on friday's close.