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♪ jungle boogie good monday morning. welcome to "squawk alley." post nine of the new york stock exchange the dow was up, slightly off that as we're trying to claw back friday's losses >> yes, and we'll begin with a market rebound as we kick off the first trading day of february stocks back in the green after the dow posted its worst day since last august, major averages all up more than a percent. lead all sectors so where should investors be looking for value? we are joined to talk about that guys, good morning >> morning >> good morning. >> jim, we were talking a lot about coronavirus, of course, because the numbers continue to tick higher in terms of cases and deaths you say that if this does get contain contained, this might have sort

of ended up checking an overbought investor sentiment. still, because this morning the markets are rallying >> yeah, i think so. coming into this year we certainly all felt like the market was getting a little overbought, sentiment was getting complacent if not optimistic, and almost every year you get some gut checks to that and if it wouldn't have been the coronavirus, it would have been some other headline that would have created some pullback here fairly soon. who knows, i'm no pandemic expert, and if this thing is really protracted and will last all year that's a serious economic event and market event. as these things have gone in the past they're relatively quick and i think the market understands that it can look through a bad quarter economically we're going to look through a bad boeing impact in this quarter realizing it won't be there the rest of the year

we're going to do the same thing with the coronavirus if it ends quickly, those people now in their cocoon not traveling, not spending, they quickly catch up again which probably are stronger than first expected >> right chris, i guess i'm asking what we've seen so far does it even count as a gut check especially given how the u.s. markets are reacting this morning? you said a correction in technology stocks would be healthy but facebook is still above 200, yes, some stocks like disney, comcast, walmart, dell are down a bit pinterest and uber up 20% on the year is this the gut check that in tech we've been looking for? >> we spend a lot of our time in the mid cap so supply chains, capital equipment. we think that is at risk going into china the companies are trying to evaluate what is it they can deliver. what will hold back. where are their employees? what's the best path for their employees which is a critical time to stand up for that.

we think it's probably more of a bump in the road how long does this continue with the health crisis? it's growing it's not one to ignore, and i don't think we are i think it's more a bump in the road we've been looking at days like friday as days to deploy capital, finding good value, names we've been looking at and identifying. there are some other areas pulling back airlines, for example, are not going to be selling seats. you can't remake those seats once it's done, it's passed. semiconductors, semicap equipment, could go through some pullback we would think there's a catch-up stage we could push that forward later in the year second, third quarter so those deliveries could ultimately be made the way a lot of computer trading goes, they trade off headlines. that's opportunities for active managers like myself >> i realize and youmentioned it the data in the first quarter will be messy, noisy and corrupted. you have to look through it.

obviously so many uncertainties, so many question marks around coronavirus, how do investors proceed given the fact that we don't know so many things? >> i guess the way i look at it because, you're right, we just don't. i certainly don't. you diversify for exactly this event. this is an unpredictable event and while us strategists all become experts on whatever crisis we face suddenly, none of us really know and i think if you've diversified, which i hope most investors have done, you don't do much more with this i think you stay focused on the idea that the most likely this will be a relatively short event and that right now if you look at the growth reports, just look at what we're getting this morning on manufacturing going back about 50 on the ism and new orders popping up, economic surprise indices continue to go up in most places of the world, even china has had really positive growth and economic

surprises recently and i would stay focused on that we have pretty good earnings reports going on we have companies spending on tech investments information processing, intellectual investment is continuing to be healthy, continuing to drive tech stocks, and now we might get the manufacturing sector back. i think that's the right thing to do, and if it's really bad, morgan, at least you're diversified and don't have all your bags in one basket. >> chris, i think you just said you've been value shopping what did you buy and, more important, what's the filter what's the lens you use to decide what to pick up >> we are looking at data center spending coming back a lot of the names you mentioned earlier, it probably doesn't change where they're going to be spending money as they need to build out storage, processing, moving it about. so areas like that, infrastructure for technology. those are areas we would be deploying capital. 5g is clearly a big theme.

we heard about it at the super bowl it was a great big marketing ability at that point. but there's probably, again, some pushouts in the infrastructure i don't think they're probably deploying 5g right now in china. it's those types of things can you catch up later in the year it's a major trend that will be around for many years. so you can get behind that and deploy capital on 15%, 20% declines >> we saw, chris, yields come down pretty dramatically last week and the yield curve and even inversion in some of the spreads. how much lower can that go, and is that something that is supportive to, for example, tech stocks or at some point does it become pressure? >> i think what's happening in the yield curve it's beginning to bring into the discussion are we going to have a rate cut before the election? and my guess is yes. when you look at the three month, six month trading above a two-year tenure you're going to get pressure on the shorter end to have an interest rate cut and will be more for that as

deflation fears and growth fears fit in the fed may act. >> jen, your thoughts. the iowa caucus is tonight state of the union tomorrow. impeachment vote in the senate on wednesday at what point does all of the goings-on in d.c. begin to weigh on the market? is it already? >> i don't think much, morgan. i really don't the only thing for me that would tend to bother me and might make me think of the outlook would be if one party looks like they're going to get tri-power out of this election. if one party looks like they're going to win all three houses including the white house, that would be more concerning because that means they'll be able to do some things that you have to take a look at if that doesn't occur, then i think it will create headline risk and volatility. bernie wins tonight, for example, i just don't think it has lasting impact and i'm much more attracted to the idea, to chris' point, we have a 3.5% unemployment rate.

the atlanta gdp forecast for the current quarter we're in is 2.7% right now, and we're dropping bond yields, adding to quantitative easing, and we're doing it all over the globe. we have a healthy economy with massive accommodation. it's hard to get bearish in my view >> we'll have to leave it there. jim, chris, thank you. >> thanks. coming up, why mark zucker book says facebook's new approach is going to piss off a lot of people. we'll explain that after the break.

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this is the new approach and i think it will piss off a lot of people, too the old approach was pissing off a lot of people, too so let's try something different. increasingly we're getting called to censor a lot of different content that makes me really uncomfortable >> that's facebook chief mark zuckerberg speaking at the tech summit in salt lake city reiterating facebook will stand for the principle it is believes in whether or not people like it our cara swisher joins us with more from washington good morning it's good to see you >> caller: go >> reporter: good to see you >> what is he talking about? >> i don't know. going to piss people off, i think people are

i was perplexed by the statement. mark is a really -- obviously it displays what i've been talking about, the idea they've been victimized other than the other way around and the concept that, again, wrapping himself in free expression, around the fact we're going to tell the truth, i don't think it's a particularly good sound bite from this company. i think probably a little more apology, a little more quietness. not even an apology. they have apologized he's going to double down and sort of brazen it out and say, you know, his stock is doing well the company, despite the last quarter, which some people were disappointed, it's still a fast growing company and i think quiet would be what i would recommend. but he seems to want to take this banter up i don't know what's going on, honestly i find it perplexing >> yeah, well, we're going to see how it fills in here if, in fact, the company is less reflective than it was last year

and maybe more antagonistic, where would you see implications in the stock user growth? something else >> i don't know. i think it's this idea of trust. he did talk about the idea of trust. if people are going to trust us, they have to understand us i think if people are going to trust you, you do things that are trustworthy. you contrast it to the image google is projecting with the super bowl ads, a softer side. they've done a series that are a little bit more quiet and like we're trying, we're trying to fix things not doing a mea culpa but we need to fix things and we know what we stand for and things like that. i think this is incredibly aggressive and arrogant and not a huge surprise. i don't think it's a particularly good look to talk about honesty when people, especially young people, don't trust you, especially around privacy. >> kara, might this be more about mark zuckerberg than it is

about facebook it falls on the heels of this more about being understood than being liked. >> yes >> the past year or two until a few months ago, facebook and mark zuckerberg were sending sheryl sandberg out to talk about this stuff her reputation took a lot of damage at some point they pivoted and he started talking more. maybe he's talking about himself really more than he's talking about facebook >> well, what we've been watching is the education of mark zuckerberg for a long time now. this is his next period. i'm misunderstood and, therefore, i'm just going to be honest that means was he lying last time was he not lying was he changing? did he not say what he thought to say -- i don't know you don't say people are pissed off at us anyways so we might as well piss them off i find to be juvenile i don't understand it and think he's better than that. as i said, i like mark and think he's very thoughtful i don't think these were particularly thoughtful

statements as long as the stock goes up and to the right i don't think anybody at facebook cares. i think that's what shareholders are focused on i'm not his mama so i don't know what to say. i wouldn't like my son saying this for sure but, again, i'm not his mama he has a very nice mother, by the way. a lovely mother. >> kara, let's turn to the super bowl ads streamers, tech out in full force. for hulu, disney plus, facebook and google participated for the first time ever. what do you think about the message they were trying to send >> i liked them all. i liked the dorito commercial with lil nas and the whole western town thing i thought that was wonderful i liked the woman from "game of thrones" singing "let it go. i thought the cheetos ad was great. i think they were all quite

entertaining and some of them had very poignant messages. i thought the google ad about the guy remembering his wife was beautifully done and doing a series of terrific ads. i don't think there were any real terrible ones fox nation was kind of goofy, but people noticed it. mostly i think the whole thing, the other parts besides the game, incredible halftime show by jennifer lopez and shakira. what an astonishingly entertaining halftime show and also the biggest subtweet in history several different times and at the same time being happy. it was really hard to pull off so i think all this stuff around the super bowl, i'm from san francisco so i'm obviously disappointed about the loss, but it was well done i think the influence of a lot of different people on the show made a big difference. >> i agree with you. i thought the google ad was

poignant, too. you might have a slightly different opinion. >> i wasn't into the idea of sharing my deepest memories about a loved one with a computer, but clearly google thinks we're going to respond to it >> i thought it was well done. i think it's well done the one they did just before this was quite good. they're doing a really good job on marketing, what people like about google, i think. >> i do wonder what you think when you see google, amazon, facebook laying out the millions of dollars to take out ads we saw executives in attendance in miami at the super bowl as well, how that compares to previous years and how it speaks to something we've been talking about so many times before which is this continual blurring of the lines between traditional media. >> i like the amazon ad, too, with ellen degeneres i thought that was clever, making fun of themselves >> except for the fake news line >> yeah. >> i've got to mention the contrast between what tech used to do during the super bowl, go

daddy ads, and what tech is doing now with google, with facebook, with amazon. heart strings, real relationships. despite what's actually happening data wise online with relationships, at least culturally there's been a notable shift. >> absolutely. >> in women and relationships. >> remember money coming out of his butt that tasteless commercial. >> i've chosen to forget it. >> it's a step up for sure >> finally the brother of jeff bezos' girlfriend is suing the chief for defamation saying bezos and his security consultant wrongly connected him with the leaked photos that reveal the extramarital affair how much time are you spending thinking about this? >> you know, we talked about it on pivot this morning. i feel badly for him when you go out with someone, you do end up with their family and this brother seems like a piece of work, as my grandmother might say. he didn't actually say that about him. the whole lawsuit is full of inconsistencies, i think, to be fair he's a very well-known guy and

bringing in the whole psychic thing. this whole thing with the saudi prince, the brother and the girlfriend and -- it's just unfortunate. i think the lawsuit is frivolous and i feel badly for them to have to deal with this and i think thanksgiving will be really awkward i don't know what else to say. it's not great it's what it is. >> as we've said before, all of this clearly has not impacted bezos' ability to impact the stock. >> the results were amazing. the end results were astonishing this quarter quite an astonishing business he has built. obviously he's not that distracted >> i'm trying to think about history of things like this in tech companies and silicon valley and the degree to which they're a distraction. larry ellison has been flamboyant at times but in a different way from this. in software there have been a lot of characters, but i don't know if there'san analog to

this can you think of one >> i can't i can't get over the jacket still, but that's just my opinion. no, it's really unfortunate and, again, the lawsuit makes it so "national enquirer" level and obviously there's a split between the statement that his girlfriend released about her brother was strongly against her brother. so it creates a really bad personal situation but it has no -- it doesn't seem to have any distraction given the results at amazon. they're hitting on all cylinders especially with prime and -- there's vulnerabilities with the government, his war with trump that's obviously still going on with the saudis and, you know, still the idea of the people catching up in cloud you saw the switch at ibm with the guy in charge of cloud computing take over. real competition in the cloud area is definitely a threat with microsoft and google and ibm

he has enough on his mra it to worry about but this is just unfortunate. i don't know what else to say. >> kara, the report that got my attention was the bloomberg one behind amazon's hq2 fiasco that bezos was jealous of elon musk and the whole contest, if you will, was inspired by what happened with gigafactory and musk's efforts there as well >> i guess >> i wonder whether you saw that, what you thought of that, and whether it's safe to say that the book is closed in terms of these types of pitting governments against each other for tax incentives >> right he was a circus, as i've said many times on the air here i don't know, people like to set he and musk up against each other, and it is actually true i've heard not them particularly but you hear moguls kind of dis each other constantly under their voices so these are human beings. >> they do have the space

rivalry. >> they're human beings and they're competitive people and so there will be rivalries i think that the way they did the hq2 thing was ridiculous but all that stuff is silly. municipalities should decide on whether they're good economically and making it into a circus just doesn't -- it's a lot of noise as far as i can tell and so maybe they had -- maybe he was jealous of that i don't think it matters again, the company seems to be doing rather well even if he's jealous. he's a human being and obviously this story about his brother shows he's a human being, right? that's the way it goes >> kara, no one doubts we'll see your team in the playoffs next year it's good to see you >> well hopefully. bye. just ahead an exclusive with paypal co-founder and firm ceo max levchin. he joins us here on post 9 in just a few minutes apps are used everywhere...

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welcome back i'm sue herera a gunman killed one passenger and wounded five others on a greyhound bus traveling from los angeles to the san francisco bay area earlier this morning. the bus driver managed to get him off. >> i've never seen this happen it's unfortunate and we're thankful that the bus driver act edquickly and was able to neutralize the situation president rouhani holding talks with the new foreign policy chief he says iran is still ready to cooperate to resolve issues related to the 2015 nuclear deal and a controversy study made headlines last fall for suggesting people didn't need to eat less processed or red meat

but a new study says not so fast scientists at northwestern university said eating two serves of red or processed meat but no poultry or fish was linked to a slightly higher risk of heart disease and death you are up to date morgan, back downtown to you >> sue herera, thank you still to come, apple closing all 42 of its stores in china as the coronavirus spreads. its impact on the supply chain after the break. imagine traveling hassle-free with your golf clubs.

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let's get back to this morning's market rebound as they try to offset losses from saturday art, food to see you >> happy monday to you >> how much of this is because of the injection of liquidity in china? >> i think that plus the reopening of shanghai. people hedging let me see if i can raise money some place else in the u.s that kind of relieves things as i noted very clearly the market is reacting to the coronavirus. it's a very funny coincidence that the federal reserve reduce its holdings of repose by about $15 billion this month that put pressure on the markets, too i think that's out of the way. this weekend, i think, could be

very important for the coronavirus. china shut down the quarantine, many people starting on the 22nd and the 23rd now given the u.s. saying that the contagion period is probably 14 days, so that would make 14 days from the 22nd and 23rd this weekend. the viewers should know we don't need to eliminate the virus. all we need is for three or four days of the number of people with the virus not to go up. if it just goes steady then that says, okay, the pandemic is not here and you might see a rebound in all of these stocks hurt by the virus. >> you think people are looking at the chart of confirmed cases? >> absolutely. >> you want to see a deceleration >> i want to see it flatten out

or pullback. flatten out is good enough that's all you need to see for the market to rebound and that logically is coming up this weekend. >> really, call it a violent move lower last night in chinese stocks down 7%, 8% even as the chinese were trying to step in the fact we're rallying today, are you surprised by that? how would you categorize the move there versus here >> i fact they reopened, they were playing catch-up, in shanghai 90% of the stocks that traded were down the limit so they could have gone further if they didn't have the limits set in i think we'll see the market try to stabilize the impeachment and the election have not been factors in the market so far. that could begin to change

tonight if bernie sanders is a clear cut winner in iowa he's assumed to be in the lead in new hampshire he has a fighting shot in vegas. if the markets begin to feel that he is going to get a big head start in the first three states then things could begin to change. the reason for that is that the center of the democratic party appears to be rather concerned that if it is bernie in particular he has a very aggr s aggressive core but it may turn off the democratic voters which is not necessarily all about whether they beat trump or not but a lot more what happens down the ticket if the turnout is not heavy that could mean they could lose both the house and senate along with the presidency

you expect to hear from the middle of the roaddemocrats if bernie pulls out ahead you may see some market reaction >> do we have to wait and see how much momentum, say, someone like bernie sanders, does win some early contests, how much momentum that gives to the super tuesday polling, or do you think the market will react just based on these results without the further polling being done >> jon, i think that's a good point. that's why the election could begin to get involved. i don't think it will be decisive depending on if bernie wins and how the party reacts, supposedly kerry was heard -- overheard on a phone call saying something about we're going to have a big problem here if he takes over. >> what about dukakis? >> they may get a helmet and put

it on bernie we'll see where that goes. >> kerry tried to nip that in the bud on twitter a lot to talk about tomorrow thanks apple shutting down its 42 stores in china over coronavirus concerns supply chains are also under pressure as several companies halt production in china our next guest helps manage the supply chains for companies such as starbucks and 3m. the ceo joins us now thanks for being with us you have thousands of customers, many multination nationanationa. what does that mean for supply chains >> well, happy monday, morgan. we are hearing different things from different segments. the retailers are focused on starting to slow down the inventory flow into their stores as you've head starbucks and

mcdonald's have closed down, so has apple. they are trying to figure out where the inventory is for those who do not have real time visibility of inventory. your inventory is as good as the data you have in it. if your data has lay seven at this you want to figure out how to get real time data on inventory and how do you move inventory from different locations in china perhaps to other locations in vietnam, the philippines and indonesia assuming you have manufacturing capabilities there so we are really seeing an uncertain time, new data coming in and customers -- our customers trying to digest that and trying to pivot. >> if you see factories continue to be closed for longer, quarantines in place, workers not going back to work or

working remotely from home, obviously we've started to see imports come down dramatically at least based on reports into china at what point does this actually become a situation where companies you work with, for example, are looking to mitigate the supply chains to other countries? how quickly can they do that >> morgan, that is the question. a lot of focus on goods and inventory which is one variable. i'm more concerned about the workforce. what happens during the chinese new year, the workforce goes away tens of miles, hundreds of miles, perhaps a thousand miles away to their home towns and then they try to make it back and given the transportation, i'm concerned about the workforce making it back even after the extended chinese new year to the factories. hedging their bet, somewhat partially driven by wars and have expanded their many

factoring footprint beyond china and all their eggs are not in the china basket have some cushion there. what is very important given e-commerce there's a lot of inventory in the channels. what's happened over the last decade, retailers and manufacturers have positioned inventory closest to the consumer so you have retail stores and distribution centers closest to the customer that are equipped with inventory. i believe we have a two to four week window here >> how much has technology changed the picture, changed the equation over the past five, ten years software that's allowed you to look at your supply chain, make predictions? how much has this changed how quickly you think china can recover from this, and do you think it will impact the investment that companies make,

maybe companies in china make in this technology going forward? >> that's a great question what i like to say is the technology is not the only answer but it is a big answer. let's go back over the last 20 years. we faced sars, h1n1, the fukushima disaster really the last five years what cloud has done is it has lip ra rated data so cloud is playing a very positive role here as data is liberated artificial intelligence is in production our customers like morrisons, a retailer, here in the u.s. are using artificial intelligence to forecast the position inventory. i think given the crisis, as grim as it looks today, technology is a very important liberator to pivot in these

changing times >> okay, girish, thank you for joining us today >> thank you for having me >> a reminder as we head to break, can't get enough "squawk alley" is the screen too big? you can watch us on the go on the cnbc app on your little phone. download it today. legendary terrain in telluride,

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levchin right here post 9. stay with us

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to do the extraordinary. take your business beyond. welcome back mastercard chief speaking out on why the company pulled out of facebook's libra coalition and banga expressed how the enterprise would make money and talked about documentation of promises saying he wanted to hear about due diligence

concerns, knowing the client, anti-money laundering. he said, quote, all that every time you talk to the main opponents of libra, i said would you put that in writing. they wouldn't. max levchin joins us here now at post 9 good to have you banga was talking about how important it is to be able to efficiently move funds not sure about libra what's your reaction >> i think he's probably right -- potentially right, this implementation, represents the right direction. we're all eventually believe we're going to go to economies and maybe it will not happen with libra disruption is happening. the world will change. >> do motives matter he brought up the business mod

people are doing things not because they care about that thing because they want to gather attention is that important as we look at how the systems develop? >> my personal view is the competition is not at the level of companies but the level of nation states. the u.s. has the world reserve currency we should lead, convert into digital dollar economy and allow that to percolate worldwide. at the company level we're in a business like a firm is of trying to build a large audience, make money you can question that. i think engaging them and bringing them into the government fold is a good idea >> i find that really fascinating what you just said this idea the u.s. is leading and create this system to percolate worldwide. what would that look like and

how realistic is it? >> i think we already transact significant amount of time through international markets. i think it will be enough to drive the point home my own company, all of our transactions digitally at this point. >> the challenges and strides that you're making for people who aren't familiar it's a different way of dealing with debt i think particularly targeting the younger generation are people using it for things they weren't using it for a year or so ago, and do you have enough data to determine whether the habits are healthier because it seems like some debt accumulation is again getting out of control >> yes so 2019 was a fantastic year for us we doubled again and have been

doubling for many years now. it does appeal to the younger generation and for those who don't know a better way to pay the most important thing that led to the beginnings of a firm and what keeps them fueling our growth is very, very clear trend among young shoppers, young buyers for more transparenty, better clarity and understanding of how payments actually work, especially when it comes to paying over time or credit unlike credit cards, the firm doesn't charge late fees on this, it tells you if you are not on time you are going to be get screwed. our mission has been let's bring transparency partner. three years ago we were not engaged in fashion and beauty. today it is our fastest growing industry the whole idea of a transparent way to pay is spreading like wildfire. >> that's a big part of

goldman's marketing with the apple card do you feel like they stole some stuff for you? >> i don't compare what invents the idea the mission we are on is control and ease and simplicity for the end customer while contributing to the merck an tile system making sure they can sell more things if it spreads, and companies like goikz, a financial behemot adopts the model they can have my marketing line, that's fine. >> what are you thinking about interest rates right now >> i think it is still a benign climate. my guess is it is not changing very much. it is probably good for the economy. >> when you see the rates come down >> we are a little bit of a slave to the prime rates the cost of capital comes down and comes up, it changes the costumer price. >> talk to me about the legacy

of paypal. people following the space are familiar with the term paypal mafia, elon musk, peter thiel, read hoffman, the you tube founders you, you can go down the line, the entrepreneurs, the people who cut their teeth at paypal and went on to do big thing. what is the legacy of paypal in that sense it was a big problem at the time, digital money. arguably is as big as space or electric vehicles are today. is the legacy tackling big problems maybe is it something else what do you think? >> it is always hard to describe your own legacy. i hope my legacy is being built maybe in this company. >> i am the greatest in history. >> i am certainly not the greatest in history but i would like to contribute something. >> right. >> we got extraordinarily lucky, we got ambitious kids 20-odd

years ago and now none us of are and we have kids of our own. we were young and stupid and decided that big problems were not too scary to tackle. we got into the habit of reaching for the stars in the case of elon literally i think it is pride and gratitude having the opportunity to be a part of that. >> i have to ask about affirm. plans to go public >> the company is eight years old. at some point your investors start making hints and elbow gestures at some point, yes, i am not in a huge hurry, but i think that the biggest curse silicon valley company or any technology company can do to itself is go public at a valuation between 200 and $225 billion the volatility you take on as a 1 or $2 billion stock you wake up the next morning and you are suddenly half of your valuation. >> you talked about elon do you drive a tesla >> i don't yet although i am in the process of

converting to one. it is been in three versions now i feel confident. >> what about the stock, topping 700 after quite a run. over a while do you look at that and think about that in terms of the paypal, mafia, and what you are achieving? >> i cannot take more pride in elon's success i think he is amazing. inthe tesla stocks drives a tesla. it is going faster and faster. it is amazing. elon is brilliant all the time, crazy half the time and it is your job to figure out which half you are looking at right now we are close friends i love the guy he is a force unto himself. >> i promise next time he comes on we will ask him about you >> max who >> great to have you here. >> thank you. it has been an eventful last few minutes. oil dipped below 50.

and shares of carnival. >> shares moving lower by 2% princess cruises, owned by carnival has confirmed the turn around of its diamond princess cruise ship. it has been delayed 24 hours to allow japanese public health authorities the opportunity to review the health status of all guests and crew on board on a previous voyage the company says a guest embarked in yokohama on january 20th sailed one segment of the itinerary and disembarked in hong kong on january 25th that person visited a local hong kong hospital six days after leaving the ship where he later tested positive for coronavirus on february 1st. we are watching the story closely. princess cruises again confirming the turn around of its ship that stock of carnival down by 1.7% all the cruise lines actually moving lower here. it is worth noting, royal caribbean will be the first cruise line to report earnings that is tomorrow we will get a better sense as to

how the publicly traded cruise companies are mitt dating the risk around coronavirus and the impact on earnings >> for sure. as buckingham cuts rcl to neutral today. dow session high was up 374. lost about half of that-2-year did fall below 152 as we said, oil is trying to hang on to 50. back in a minute their medicare options...ere people go to learn about before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised

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finally, in case you missed it, plenty of tech ceos making appearances this weekend at the super bowl here is elon musk, transfixed by the deejay stylings of goldman sachs ceo solomon. jeff bezos tweeting a selfie with grammy award winner lizzo as well over the weekend it was quite a turnout. >> yeah, girlfriend's brothers, though, why are they great until they gotta be great? i wonder if he asked her that. >> i can't find a clever way to respond to that right now. but it was good. >> i guess i have got to find my way back to the market from there. >> you do. >> it is going to be an interesting night tonight. the iowa caucuses will have

implications potentially for stocks alphabet reports along with that xpi. and 86 s&pars throughout the week like gm, merck, humana, pell on the and so forth buckle up. a lot coming to the market let's get to the judge i think back at hq yep, i'm scott wapner, front and center this hour, carl, the bounce, stocks rallying, the s&p back positive for 2020 big question now, is it really safe to buy stocks or has the correction yet to run its course it is 12:00 noon, and this is the "halftime report." the bulls back in charge but should you trust the rebound? nike surging on a bullish call, saying the stock is a multi-year buying opportunity. should investors just do it? energy stocks in a bear market. and a big sell call on exxon. what's ahead for the oil stock, and the sector