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tv   Power Lunch  CNBC  February 3, 2020 2:00pm-3:00pm EST

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you can read her story on our website as well. and in case you missed it, i'll be answering your questions on cnbc's instagram account today follow at cnbc to submit because the respon responses will come after the next show. that does it for us. i'll join tyler for "power lunch. >> we will see you in just a minute welcome. here's what's new at 2:00. for "power lunch" on a monday. stocks are snapping back the dow up s150 point, clawing back some of last week's losses, but some of wall street's favorite bulls are getting bearish and warning against buying the dips associated with the coronavirus. we'll tell you why plus, check out nike soaring 4% on two big analyst calls. matt boss will be b here to tell us why it is his top pick and lat later, we'll crown our stock draft champion it is the mets pitcher, noah sind gaarde running away with
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the hit. why not. "power lunch" starts right now. >> the markets are higher this afternoon, but well off the highs of the day when the dow was up b about 40 pau points up about 150 as coronavirus fears continue to grip wall street oil briefly sinking below $50 a barrel now down whopping 17% just this year that move is taking down energy stocks well. the worst performing sector, energy is now down 12% for more on the rebound in the stock market and what's driving us high er after friday, het's g to bob at the new york stock exchange >> so good to see you back always a pleasure to see you so listen, we're up today holding on to modest gains here's the s&p 500 the coronavirus headlines are mixed. low mortality rate, but we don't know what the infection rate is. we're holding u.
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you notice this move up here very good manufacturing numbers for the united states and that was a pleasant surprise now in expansion mode sectors today, mostly cyclical names holding up here. materials. semiconductors, bank stock, industrials. the one exception, energy still sinking. oil cannot catch a bid exxon mobil god a bid at goldman sachs. what matters is earnings first quarter estimates. s&p 500, the estimates have come down in the last couple of weeks since january 17th, this is how much they're declining from the last two weeks, but material stocks estimates have been coming down. industrials, energy. this all makes sense same thing with hotels, restaurants and leisure. these have been coming down a analysts try to predict the outcome of the coronavirus this could get better or improve. >> thank you very much let's get you up to date with the latest on the
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coronavirus. the newest numbers now putting the total number of confirmed cases at more than 17,000. 362 deaths have been b linkeded to the disease in the u.s., there are 11 confirmed cases including a second case of person to person transmission meanwhile, china's stock markets reopening and the shanghai come president obama it sank 8%. let's go live to beijing with e eunice >> thanks so much, kelly well china is officially back at work but 24 provinces and cities have told businesses that they shouldn't restart operations until after february 9th that means that more than half of china is still shut and those places account for more than 80% of national gdp and 90% of exports. other localities impose new restrictions the city that's famous for its small and medium sized
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businesses has imposed a partial curfew on its residents until next weekend, each household has to designate only one person who could go outside of the house to run errands and buy daily necessities every other day. apple also closed all 42 stores on the mainland and 10,000 flights were canceled on sunday alone. part of that is because several countries have now imposed travel restrictions on chinese nationals and the chinese government called out the u.s., singleded it out, accused the u.s. of quote creating and spreading fear since washington was one of the first countries to impose a travel ban on chinese nationals and to evacuate u.s. citizens they want to show they have the situation under control. on state tv, they've been broadcasting the now completed prefabricated hospital which they say has already started taking patients, but programs as
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a sithat business is still far normal now if you order takeout here, that takeout comes with a list of temperatures of your chef, the person who prepares your food as well as the courier. >> as i understand, your receipt when you order food, shows the temperature levels of all those people >> that's right. it has hatheir name and temperature just so you feel safe receiving that food even though there's still as you guys were talking about earlier, a lot of quos about this virus and one of them is that you don't necessarily show that you have this virus and you can still be contagious even if you do have a temperature or you don't have a temperature >> so i can't help but notice that today, you're not wearing a surgical mask. i think friday, you were
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why? >> because friday and actually earlier today, when ever i go outside, i put on a mask, but here in the studio, it's almost as if you're in your home. also, this particular room, the studio, is completely sealed so i feel much more comfortable being here than not having to wear the mask. >> all right thank you. report iing from beijing stocks are bouncing from friday's big sell off. the coronavirus seeps to be opening the eyes of some wall street veterans, just two weeks ago, david teper told cnbc he was bullish on the market. today, not so much changing his tune saying coronavirus quote may be a game changer and -- saying this isn't the dip to buy so should you trust today's bounce or is this potentially more pain ahead? let's bring in jim mcdonald and mike ryan, ubs global wealth management america's chief investment officer let me begin with you, jim do you think this is a dip worth
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buying or should i hold off and be more cautious >> there hasn't really been a dip in the u.s only about 2.5% off the highs, but if you look at china with the stocks being down 8% overnight after having been closed for an extended period, i'd say it's too e early to buy that dip we want to see the cases piquing and being identified before you consider being the conditions for a bottoming in this. we're just starting to understand how broad the economic impact of this would be so i'd say it is too early to buy china on the dip that it's experienced. >> mike, you sort of have the same view. you say don't look to buy this correction if correction we can call it at this point. but over the next six months, you see stock prices moving higher so the question is why not buy now if they're going to be higher in sixth months from now? >> well, first of all, i think jim cappslated it pretty well.
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i think what you're going to see until we see a piquing of the infectious rate, until we get a sense of how deep the outbreak is, there are some things we don't know how this is playing out. for our viewers, we'll have more volatility ahead in term of rebound in global manufacturing, which is beginning now which we saw today in the u.s. ism data, we think those suggest that over the course of the next six month, they'll be especialwe don't sees presenting the environment where it's going to heed to a terrible global growth slowdown so short-term volatility buys economic dislocations it pays to remain invested but be careful not to get too excited. if the market gets these short-term periods of volatility, don't get caught trying to chase them down. >> are you overweight in emerging market equities and if so, why? >> so we have a balance in terms of our portfolio we have exposure in the u.s. and
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emerging markets. one of the reasons we have exposure in emerging markets is because we see this slowdown as running its course we expect it to relert in the second half of this year it could be stalled about a quarter especially in china because of the fallout from the coronavirus but our view here is that the conditions by the emerging markets with regard to likelihood of a softer dollar over the balance of the year that rebound in global manufacturie ining suggest to ut emerging markets will have a better opportunity for investors in the second half >> last hour, we heard from a guest who said he'd buy the stock of luck coffee you have to take long-term view. would you unibble or sip at anything here? >> when you say would i nibble here, we have to be really careful. we're still early days here. we just had the chinese market just open. so ipg what we have to focus on here is how is this infectious rate playing out and not just within china.
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as it begins outside of china. how prevalent is it. is it going to be well contained? i think what's happened so far is the chinese officials have done a very good job of trying to make sure they had quarantines. the reaction function is much different than it was in sars, but let's remember that the world is a different world than it was during sars when we're globally integrated, china plays a larger role in the economy. so we have to be careful not to just get caught into a very short-term dip and see it as a short-term opportunity >> jim, same question to you are there ways that you can you know, say hey, this storm, too, will pass. you know, take a bullish outlook for example on the chinese coupler or is there a reason why some suggested this could reveal deep deeper cracks within china challenges there >> i would take more of the latter case, kelly we are underweight in emerging market stocks. this is not what they needed to
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have happen now at a time when there is focus on deleverages in china. there's still a risk around the trade front. there are reports out that china's talking about asking for some advance and having to meet the commitments on the phase one deal, so we very much favor u.s. assets over emerging markets at this point like high yield bonds and like interest rate sensitive equities like global real estate and infrastructure >> jim, thanks so much mike ryan, thank you as well appreciate your time today shares of tesla going par bolick up as much 20% today yes, you heard me right. fi phil >> shares of tesla up more than $100 at one point, it was up 110, $111 this is a new, fresh all time high for shares of tesla a couple of things working here. the bounce from the article over the weekend. ar gus research increasing its price target to $808
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arc invest raising its target from to $7,000. perfect timing for us to have ron baron on tomorrow. you don't want to miss what he has to say when you u look at tesla, the first quarterly profit for panasonic's u.s. battery operation was just posted. that's significant the gig factory in spark, mov nevada first time they have posted a profit >> phil, would you describe this as an auto industry event of stock market event or both >> both. i would call it both and look in terms of the auto industry and investors, the question is this. do you believe that we are in an inflection point where electric vehicles are going to take off u from from here maybe not huge numbers, but take off from here. if you do, then you say who's best positioned. tesla is best positioned among all automakers no question about that
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especially when you look at the growth expected in china, that's why so many people are pulling in or putting themselves into the stock right now. >> phil, is there a brand name, a company, that is the leader in charging stations? >> well, tesla obviously has its charging network that is out there. but then you've got charge point. charge america so you've got a number of other firms that are building out recharging stations not only here in the united states, but also in europe and in asia as well but you know, the super charger net work, tesla believes that's a key component to people sayinging look, i'm going to buy an electric vehicle. they've got the suhper charger network there. there are others >> thank you very much coming up, the huge run of shares in tesla propelled mets pitcher to first place in our cnbc stock draft he'll join us so take a victory lap as we crown him the champ
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before he heads off to florida for spring training and nike getting bullish comments today up next, we'll hear from one man who says just buy it at fidelity, online u.s. stocks and etfs are commission-free.
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welcome back shares of the swoosh are soaring. ubs saying the best is yet to come jpmorgan saying the 5% pullback last month was a buying opportunity so should you just buy it joining us now is matthew boss and matt, this morning on the bell erased a lot of that opportunity or did it? >> look, i think there's a premium for compounding quality and that's what i think nike is. we upgrade d the stock to an overweight back in december of '18. you had had a 20% pullback at that time, but i think what's interesting here, you've had almost a 10% pullback in the stock. the stock's trading at a 1.5 peg, mid to high teens, but that's an ago rhythm the company is managing to the bottom line they're reinvesting the gross
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profit doll ars. they could be earning more on the bottom line. you're going to hear from the new ceo this week and we'll see some of the new product that's really the backdrop for the next two years so i think there's a lot of reasons to be optimistic about nike from here >> that said, b i believe your price target is $111 it's not nothing, but why not set your sights even higher? >> i want to see some of the new product this week. i thi what's interesting is that this is the first showcase of product in terms of doubling their innovation budget. so this is the first time we'll see it i think we'll also hear a lot about some of the launches around the tokyo olympics. that will be a nice catalyst towards the end of this year and early next year. we will also have the opportunity to first meet john donahue, the new ceo coming in i think the theme is going to be acceleration but i want to learn some of the things he's going to be focused on as he takes the helm.
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so 111 is step number one, but beyond there, apply a two peg, that will be a stock well over $130, which is another nice 30% return on nike >> so two questions, the first one is about coronavirus and whether you think nike's manufacturing operations are sufficiently diversified to blunt whatever impact there might be from the virus and number two does nike really have any competition? >> it's a fluid situation. the lateral companies we've spoken to so far on the sourcing front, things remain, things remain on track. so we've yet to hear a tremendous amount of disruption. i think you know for nike, they're presty diversified globally they have preferred vendor status, also globally. the ports are open so while from an air freight perspective, that would be an issue. so right now with the ports
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open, i think the sourcing side is in tact i think on the china consumer front, look, the middle class is rising sport is rising. nike's growing globally over 30% at an over 30% clip and digital in china actually outpaces the world having just launched their app in december so i think there's some micro dynamics that sets nike apart in china right now. >> quickly, matt, it's a delica delicadel delicate issue, but their kobe bryant got a lot of attention. what do you think the company should do about it >> obviously it's a terrible event for nike and the opportunity. there's obviously a franchise there. it's a franchise that could be larger i think it brings a lot of eyes to the world of basketball i think the nba all-star game now becomes even a bigger catalyst and it ties into some of the new product, some of the launches a lot of the innovation that nike has coming, so i think it could be a nice opportunity for nike to capitalize on very strong product franchise and an
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overall halo effect on the brand nig right now. >> thanks very much. the iowa caucuses are tonight and it could be a big win for bernie sanders, but is a win for sanders a loss for the stock market we'll tell you how a wall street firm is gamg out those scenarios, but up next, google, not gooble, reports after the bell our traders lleiwi wgh in on that stock before the results come out please stay with us. . with chantix you can keep smoking at first and ease into quitting. chantix reduces the urge so when the day arrives, you'll be more ready to kiss cigarettes goodbye. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. stop chantix and get help right away if you have changes in behavior or thinking, aggression, hostility, depressed mood,
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welcome back to "power lunch. investors counting down to alphabet earnings. the final fang stock to report it's trading just 2% from its record highs how are you recommending client to position themselves ahead of alphabet's report? >> we're not making any recommendations ahead of the report the stock does screen well for us longer term we think it continues to make higher low r rs followed by higher highs i think really the standout here is more so just the top down tail winds from what remains a relatively and broadly strong technology sector.
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these high growth companies just remain resilient to these oscillating interest rates and every time the growth scare hits, the premium gets placed on them speaking about the charts, stoc is moving higher versus the s&p 500 as well. really since the start of the year that was the tactical signal a little extended near term, but expect higher lows followed by higher highs >> quint from addressing regulatory risks to growing its cloud business, what's the number one thing you want to hear from the ceo tonight? >> well, i think that we want to see how the revenue is and the future forecast. i think what would hurt this is if they surprise us in any way i mean we've been net sellers here of big cap tech i know it's not a popular view, but i struggle paying 26, 27 times forward earnings something that's only growing 17%. i know they traditionally have been trading in that range, but i think they're priced near to
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perfection that if they hint at any sort of slowdown or any of these concerns impacting the top or bottom line, i think the stock's going to get whacked >> thank you for joining us. for more, head to our website or follow us on twitter back to you. >> thanks. ahead on "power lunch", burn, baby burn sanders is climbing in the polls. what would his victory mean for the markets? plus as the coronavirus continues to spread, governments and companies are battling another outbreak misinformation we'll explain. and the 2019 stock draft has its champion mets pitcher noah syndergaard joins us to claim his prize. all this when "power lunch" retur returns. - [spokesman] if you've tried college but never finished,
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welcome back, everybody. i'm sue herera here's your cnbc news update adam schiff urging senators during the impeachment trial to convict and remove president trump. his comments coming during closing arguments. >> we urge you in the face of overwhelming evidence of the president's guilt and knowing that if left in office, he will continue to seek foreign interference in the next election, devote to convict on both articles of impeachment and to remove from office, donald j. trump, the 45th president of the united states. >> and air canada, boeing 767 aircraft with 128 passengers on board made a safe emergency landing at madrid airport in spain. this following problems with one of its two engines and a ruptured tire during take off. emergency services including fire fighting trucks and ambulances greeted the plane
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and a ski resort in italy has become the first of its kind to ban all plastics. the resort in the italian alps, using cheekie expressions to remind customers like i have a green dream. good for them. that's the news update this hour back to you. >> not sure i would connect those dots green dream. >> i think there's a little lost in translation there >> sue, thanks very much as we mentioned, the dow is higher today after last week's sell off, but we're off the highs of session the s&p and nasdaq with both jumping today. the nasdaq by 1.3%, but the dow up 156 it was up nearly 400 points this morning. >> time for our power movers on this day shares of lead higher after reports the bio tech giant found an effective treatment against the coronavirus. they're on pace to have their best day since 2018. ulta beauty spiked around 4% goldman sachs upgrading the stock to a buy the firm believes its recent
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slowdown is cyclical in nature and now, the stock is an attractive entry point for investors. and sysco deep in the red on pace to have its worst day since may of last year >> and oil falling below $50 a barrel today for the first time in over a year commodity desk with the cnbc lower demand globally, especially in china, the larges. brent falling nearly 4%. falling to its lowest level since december of 2018 wti has fallen nearly 3% its ninth negative session in the past ten and as you mentioned, a dip below 5 support. reps from opec countries plan to meet tomorrow and wednesday in vienna to discuss production cuts possibly as large as a million barrels per day. let's turn to politics now
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the iowa caucuses are tonight and senator bernie sanders seems like the favorite at least in tonight's voting kayla has been canvassing voters and businesses to see where the support lies hi, kayla. >> hey, tyler for the candidates that are vying for the iowa caucus title, there's only a relatively few number of delegates for the prize, but really it's about the critical momentum that is so important at this stage of the race and with the race still at this size. while vice presidenteg strengthy four-point edge on average across the iowa polls. we spoke to some of his supporters they say they like he's earnest and they like his programs >> i think he's a good fit who is consistent with his line of reasoning. >> mostly because of e medicare for all. i think a good plan. i think it's really what we need e. >> he's been working on this for 40 years i have confidence in him >> you won't hear from from
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businesses in iowa though. we're at a chemical company that maybes products for the textile, nutrition and food industry. ceo chris nelson said if sanders were the nominee, he'd vote for president trump even after recently changing his party registration to democrat >> the tax reform that was done on the united states has been a huge boost for our business. we've been able to take that money, reinvest it in the business and grow substantially as a result. there's no doubt though that our reputation as a country throughout the world is probably at its low point that i've seen in the last 30 years of business >> nelson says there aren't many more policies of president tr p trump's that he likes, but he thinks senator sanders would be a disaster economically. nelson plans to caucus this ooempk for joe biden, though he said he's open minded if biden doesn't get enough support >> thank you very much senator sanders in booming in
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the polls like she said, but will his road to the white house end up being a bust for wall street tracking sanders improving odds of winning the democratic nomination it's been quite a reversal of fortune with joe biden whose chances have been dropping that's been weighing on the market according to bryan gardner. byline, how much of the sell off lately do you think has been because of coronavirus and how much because of the bernie boom? >> i think it's more macro international coronavirus virus than it is bernie. bernie's never seemed to have moved the polls in the way that like warren did. go back to the summer and fall when warren would come out with proposals and had her little surge untin september and octobr you see market reactions that were, in my opinion, directly linked to warren's plans and her polling. bernie, so far, has not e li illicited the same response from
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markets. >> it's curious because his proposals if anything, are more dramatic in terms of their potential impact on markets. so why do you think they're not being treated with the same levity >> i think there are three factors. you said they were more dramatic, but less detail eddet. warren i think is more specific and i think that at least for the sector that i spend most of my time looking at, financials, it really, warren's proposals really got the attention of financial investors in terms of the private equity sector and the bank i think part of it is that warren has a track record of success in implementing her agenda you know, getting, helping getting dod frank through. setting up cfpb. bernie doesn't have that same list of accomplishments even though he's been in washington longer and third is warren's surge happenedin a different environment than where we are today. warren happened before impeachment or before
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impeachment really got going and they were, i think there was some fear with some in the market that trump was vulnerable fast forward, impeachment has been a failure in my view for democrats. the president's approval ratings are at an 18-month high. his approval ratings on the economy are the strongest they've been it's his strongest attribute plus 15 average in real clear politics so bernie's surge in the polls is coinciding with trump's surge in the polls so i think investors are locking through and deciding that yes, bernie may be the nominee he has a better chance than people were predicting right after his heart attack, but trump is in a better spot today than he has been in the past six months, year, whatever timeline you want to look at. >> if the election were held tomorrow, i mean the real general election, would trump win? >> yes yeah, i would be absolutely stunned if that was not the
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case i think joe biden gives him the toughest go. if he is the no, ma'minee. i think they will closely fight for the great lake states. b michael bloomberg has a shot, but if he's the general, if he's the democratic nominee, but that's so far down the road. i think his chances of winning the nomination are quite remote. if he gets there and i'm wrong on his chances, then i think he, he presents a challenge, but to trump, but if it was held today, tomorrow, my money right now is on the president >> all right brian, thanks very much. as the number of cases of the coronavirus continues to rise, the amount of misinformation spreading online is starting to become a problem. elon has more from washington. >> the world health organization is warning that some of the misinformation could be down
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right dangerous and that's forcing the major platforms to remove the most agreenlgous and try to promote credible content. facebook is taking down posts that discourage people from seeking treatment or tells them not to take appropriate precautions. google has created an sos result and it includes links to news articles as well as updates from the w.h.o. twitter is halting automatic search problems that it deems misleading an it's also creating its own dedicateded prompt hash tag know the facts and these days, even tiktok is having to take action. it has created a notice that reminds users to verify facts. it's unclear if all this will be enough to stop or slow the spread of misinformation it's not enough for congress debbie dingle of michigan has sent a letter to four of the tech ceos trying to get more information on why there is so much misinformation online, but
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guys, her office has not heard back yet back to you. >> thank you very much as the dangerous coronavirus continues to spread, join us tonight for a cnbc special report, outbreak, at 7:00 p.m. eastern time for all the facts you need to know again, that is at 7:00 p.m. eastern time here on cnbc. last night's super bowl was a barn burner. at least the last five minutes were, but did that translate in the tv ratings we'll bring you the numbers and in today's tasting menu, wall street goes nutsor f nuts. stay with us here on "power lunch" you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence.
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how many m&ms watched last night? julia has the numbers. >> fox says this was the tenth most watched super bowl in history and the first increase in super bowl ratings since 2015 reporting that a total of 102 million watch ed across tv and fox. the nfl and verizon's digital properties that's up u from the 100.7 million people who tuned in last year now just honing in on tv viewership, those numbers are up 1% from last year to 99.9
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million tv viewers these numbers are down from the record hit in 2015 when the super bowl had over 114 million viewers and it's worth noting that the slight increase in this year's ratings for the big game comes after the regular-season nfl ratings increased 5% follow ing two consecutive years of declines guys, back to you. >> thank you very much here's a taste of some of the other stories we're following today. there could finally be a solution to one of the most common and dangerous food allergies. last week, the fda approved a drug that treats children with peanut allergies it works by exposing the patient to low doses of the substance in phases going up in dose over the span of several months shares are up 4% after that news, which i believe broke on friday evening obviously lots of kids have this problem. >> i'll be watching to see if they can afford the drug
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it's $890 a month. the list price or ten grand a year that's the list price. by the time you add insurance and rebates, could come down significantly, but a lot of people are going to want it. crypt o is crushing it bitcoin better than january. it's been driven by safe haven buying as global equity markets are on shaky foot iing because f the coronavirus. it's doubled in the past year. the only reason we're not talking more about it is because lock at the move in tesla. >> i forget who had bitcoin in the stock draft. pearlman he was banking on it >> looked good for him until about the last couple of weeks >> the super bowl over is now gamblers are going hollywood indiana joins new jersey now to allow the second state to allow bet iting on the academy awards check out the odds for this year's best picture. world war i is the clear
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favorite at 2-5 while the korean film, pair site, which i hear is really good, has better odds than once upon a time in hollywood, which i thought was pretty good. >> would you lay money on it >> no. no >> in principle or because you don't feel strongly enough about who should take it >> my guess is that 1917 will win. >> i'd like to see that and little women >> won a couple of other awards, the s.a.g. and screen writer's award. >> did you see it? >> no. >> how about a must've date. >> sure. we'll take the kids. the time has come to hand out the hardware to the 2019 stock draft champion noah syndergaard ran away with it in the final week thanks to tesla. that doesn't even include inday's $1000 ga the champ himself will join us next on "power lunch." don't go anywhere. i used to be.
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after nine months and a lot of lead changes, it's time to officially crown or stock draft champion it is noah syndergaard he beat out the reigning champ for the title. it was thanks to a huge surge
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really in recent weeks as much as anything from tesla, which is up another 17% today after jumping 162% during the draft. noah syndergaard joins us nowyny phone. congratulations. we're delighted for you. >> thank you feels really good. basking in the glory of the sweet victory. >> we hope that this translates into a great year for you and the mets tell us about tesla and what led you to choose it among the other stocks you could have chosen a hunch? dumb luck? what >> a little bit of both, actu actually first and foremost thanks to my partner in the draft, herod, head of mets p.r couldn't have done it without him with preparation and his diligence. so -- again, thank you for that, and, of course, picking tesla, as far as picking tesla goes, i
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really admire what elon's been doing with just amounta no-brai >> you don't own a tesla do you? does it make you more inclined to buy one or take a test drive? >> i don't own one yet, but i think it's a great vehicle rode one the other day and the capabilities it possess is something from the future i. loved your tweet noah, baseball backup plan, wwe wrestling, 1980s villain or wall street tycoon. what do your fans think about that. >> being able to play the game long as i possibly can once i retire i'm sure i'll get bored of just doing nothing. so who knows. i'll just be thrilled to be able to compete in this competition and venture on out to different realms of the world. >> are you the kind of guy who
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wants to quit while you're ahead? you know hang it up and say, hey, i entered, i won i'm never doing it again or be like nick lowery and try to keep the streak going >> no. i'm definitely hooked. can't wait to compete again next year. >> bring some of your friends along. have them join you or compete separately as an entry in the draft. when do you report to training camp probably a week or so away from now and what do you do what do players do in that last week before they have to get back to work do you chill what do you do >> well, i'm going to do what any great champion's going to do and i'm going disneyland. >> ah! really going to disneyland. >> no. totally joking. >> go ahead. >> actually i'm reporting on wednesday. going to show up a little early. get kind of settled in and hit the ground running. >> did we just lose noah's line.
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noah, do you still hear me >> can you hear me now >> i do hear you now a different team this year baseball teams are defifferent every year, a power hitter maybe and the manager you expected to be working with was let go as a result of the sign stealing scandal. what's it going to be like there this year at mets training camp? >> it has been a couple wild few months for baseball right now. i'm not really sure how to digest everything that's been going on i've been trying to kind of stay away from it and stay focused on my offseason is training and making sure my body's in the best possible shape in order for me to compete, but really excited who got the job. bn with the organization a long time the kind of guy you want to go out and give your all for, and so i mean, he's absolutely a freak in the weight room too really cool to be able to see.
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>> noah, thanks very much. i think we're going to see you with a formal presentation of the trophy out at citi field it is a beautiful piece of work. you can see there. i mean, tiffany -- i don't think tiffany could do this. >> can't compare. >> noah, one final thing before we let you go. >> go for it. >> i can't wait for you to see this in person had to pick a stock today what would it be? >> ooh i haven't really been paying much attention. >> stick with tesla. >> i'll stick with tesla, but to be honest, how this whole thing started is my roommate, and my best friend, wake up, go through our morning routine drinking a whole pot of coffee instend of watching "friends" reruns on pbs, we would turn on cnbc tried to retain knowledge but
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wasn't necessarily going well. but still it's pretty cool. >> keep watching, noah we'll be watching you. congratulations. >> congrats. >> thank you >> noah syndergaard of the mets, champion of our stock draft for 2019. speaking of champions, patrick mahomes winning the super bowl and mvp and is headed to disney world. yet some people are angry with him. we'll explain. don't forget, you can always watch or listen to us live on the go on the cnbc app "power lunch" will be right back. creating funds that help target gaps in client portfolios. tap untapped potential. and strengthen confidence in you. flexshares. powered by over a century of investment expertise before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. for a prospectus containing this information. ...take the personal assessment and get matched i love the new myww program, because it's tailored to you!
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welcome back market flash on the stock, seema mody, what's happening >> trading lower fears oe s ovee coronavirus intensify. and diamond princess cruise line earlier today was said to be held by authorities under quarantine in japan after a passenger who samed the ship and disembarked in hong kong developed symptoms six days later, and tested positive for coronavirus. stock down 1%. whopping royal caribbean set for earnings tomorrow and bringing them on the exchange to talk about its earnings and guidance. back to you. >> thank you, sima modi reporting. we often talk how gambling is changing the world of sports. one example from last night's super bowl a lot of people bet, apparently on patrick mahomes to have more than 29.5 yards of rushing. and he did. he had 44 yards going into that
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last drive, but then he ran backwards to kill time it cost him 15 yards, placing his final total at 29. had you to get above 29.5 if you had the over had the under, you're happy. >> creepy to me how often -- >> right there it's like -- it's amazing how often -- >> scary >> comes out that way. >> something nefarious on it, how could there be >> right there yeah. >> crazy action here back in the markets. look at the chart of tesla once more year to date. up 60% probably 70% now after this move to date. 81% here to date a tie. look at that crude oil, dropping not like that's making economics one of those old-style -- any better as far as market's concerned. this thing is going vertical. >> good to have you back welcome. >> thank you. >> remembered how do it pretty
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well. >> well, the viewers can decide. >> muscle memory. >> thanks for watching "power lunch," everyone. >> "closing bell" stats right now. welcome. rch, to "closing bell. i'm sara eisen here at the nike post on the new york stock exchange leading the dow and analysts love a pair of bullish notes rest of the market, 600 point sell offfriday 59 minutes left of trading. good afternoon to you. a look what's driving action china central bank, relieving pressure other than its economy as the united states confirms the 11th case of the coronavirus. a surprise rebound in u.s. factory activity after five straight months of contraction and tech is leading alphabet up 3% ahead of earnings in one hour from now that we'll cover for you and a final hour of trade

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