good morning welcome to "street signs." i'm joumanna bercetche. >> i'm julianna tatelbaum. these are your headlines china tries to go back to work as a number of major factories reopen for business, but sunday marks the worst day in the coronavirus outbreak so far. with 97 more fatalities taking a death toll to over 900 people. europe follows asian equities brought down by travel and leisure stocks adds the uk

says the epidemic constitutes a serious and imminent public health threat. 15,000 jobs are on the line as daimler as the luxury car company looks to cut cost in a deal that could cut 4 euros. annegret kramp-karrenbauer will not run after her party failed to gain the support of the conservative party. here in dublin, ireland's leader tauts a ballot box revolution in the country's election well, a very warm welcome to "street signs. let's kick off the show with an

update on coronavirus. china's national health commission has confirmed that 97 people have died in the worst day for coronavirus-related deaths to date it brings the global death toll to over 900, topping the 2003 sars outbreak which killed a total of 774 people across the world. a u.s. citizen and japanese national have also come the first foreign nationals to have died from the virus. meanwhile, china's factories are struggling to reopen today as at least 24 provinces and cities are scheduled to return to work after the emergency extended lunar new year shut down fox com, china's larger employer and key apple contributor has been given the green light to

reopen in goaunzhou. other corporates are returning to normal operation including automakers bye, daimler, ford and zte. china's ambassador to the uk told the bbc that the economic impact would be short term. >> at this moment it would be difficult to predict when we'll have an inflection point we certainly hope it will come sooner but the isolation quarantine measure has been very effective. so far the most cases are concentrated in hubei and wuhan. hubei is about the size of england plus cotland and the population is about england plus wales this impact on the economy, but i think the impact is temporary

and short term and the government now work very hard to encourage people to restore production >> meanwhile, the chinese government has pledged $10 million to fight the coronavirus. the country's finance ministry announced it will deploy funds to ensure that all members of the public have affordable access to diagnosis and treatment. it explained it wanted to ensure regional measures to contain the outbreak were not hampered by financial constraints. china's central bank has also taken steps to support the economy, injecting liquidity and interest rates we have heard of this $10 billion stimulus and the pboc last week did that big stimulus last week and we hear today some companies going back to work how has the reaction been more broadly speaking by asian markets this morning >> the chinese markets saw a very nice day as we kick off a

new trading week here. the chinese markets extending on five sessions of gains already on the easing curbs as well as policy hopes chinese government talking about infrastructure helping the shenzhen ended 2% higher hong kong up 2,890 for the hong kong markets we saw profit taking, 274,134 businesses started returning back to factories and offices after the lunar new year break was pushed out by ten days in a bid to control the coronavirus outbreak the epidemic has killed more than 900 people and the total number of confirmed cases in excess of 40,000 a large number of workplaces, though, still remain closed and many are working from home the state council says workers in key industries must be helped to return to work as soon as possible in order to resume the

production ofvital food and medical supplies and adding workers should return in batches and not all at once in order to help control any spread of the coronavirus and infection risk extended closures of factories have raised concern about the global supply change at the world's largest manufacturer of electronics reportedly receiving government approval to resume production at one of its plants today. the company says it will follow rules of every local government when setting a schedule for reopening lans in ginxao is back, representing 10% of their staff operations could be affecting the supply chain they have clients like google, amazon, apple just to name a few. they say workers' safety is the top priority and working with authorities in order to resume

production across china in a staggered manner hubei remains in virtual lockdown, roads sealed off, many schools still shut until end of the month. we do know some experts from the world health organization arrived in beijing today to help assess the outbreak there. that is the latest from hong kong back to you. >> certainly appears to be some signs of normalization, but it may be early days. thank you for the breakdown much how chinese markets are reacting overnight. >> let's bring it back to the studio chief investment officer of morgan stanley investment management joins us with more. so, estimates obviously swirling all around the market in terms of the economic impact of what's happening in china s&p ratings has come out downgrading their full year 2020 forecast to 5% growth in china but they say all that lost ground is going to be made up in 2021 how does that tally with your view >> i think it's very sensible

way of thinking about things right now it looks like a containable event. it looks like the pecases are peaking. we don't know how much it will spread through the world will they spread or is it contained? if it's contained and we see china coming back to work in a sensible, safe manner, i think we are probably nearing the worst in terms of expectations and that the shutdown will be quite impactful this quarter but we should see a v-shape comeback in coming months which means we'll be back to work and things will be fairly normal. the things that won't come back to work are services people won't go on vacation, they won't go back to school for a while. some spending will be lost forever but it should be fairly small and contained and not disrupt the nice trajectory we were on and the upbeat we were having a few months ago. >> fairly bullish if you're able to look past the next quarter or so

how are you investing around it? >> what's going on in the world today is not -- this is another example of things going on in the world of disruption and this is going on everywhere in industry, monetary policy, fiscal policy, technological change this is disruption going on, which leads to dispersion in economic outcomes, financial market outcomes. we have different sectors doing very well. so far, the most impactful sector has been oil, commodities. s&p 500 is going back up again within the s&p 500, very different performance of different companies. i think that is the story we have, is that it is -- should be fairly contained we should have a recovery coming back on track but it will impact different countries, different sectors in meaningful ways we have to navigate through those changes in order to understand where the best places are to invest. >> it's not so easy to pick up on the timing. you are a fixed income guy

we have analysts come on the show all the time bemoaning fixed income markets very rich, even versus traditional metrics of valuing fixed income. yet what we've seen in the last couple of months is fixed income has been a very effective instrument at hedging geopolitical risks, hedging growth risks, more recently against coronavirus. do you see that continuing >> i think so. i think in most countries, even in europe we have negative interest rates there is still the possibility they could be more negative in the short term or other methods central banks could use in controlling interest rates to further out the yield curve or more quantitative easing along the way. there clearly is confidence in central banks' ability to provide additional support to financial markets and economies to offset a lot of negative developments within reason obviously, they can't offset all developments if factories are shut, they're shut doesn't matter if you lend more

money if no one is producing anything that should be temporary we're worried about investor confidence, consumer confidence and willingness to spend money down the road and central banks are providing a big boost in confidence about their willingness to provide that support. >> okay. if that is the case, we just had ecb come up with their big stimulus back in september the fed are signaling they're done for the time being. why has u.s. fixed income outperformed europe fixed income >> the market decided the fed may actually cut interest rates on the back of this unexpected weakening in global economic conditions the market is pricing in one to two rate cuts in current pricing so it's not surprising that all u.s. yields have come down because there is room for th fed to cut interest rates. most importantly, it's because they were cutting rates last year we are on an easing trajectory the fed has basically said they're not interested in raising rates at any time soon they're more likely to cut rates than raise rates it's another reason for them to

error on the side of too easy rather than too much even if the fed doesn't cut interest rates, if the market takes that out and yields dp back up, it's only because things are getting better. >> it's a valid point. just a final question on the fiscal side of things. the president -- president trump is proceposing a new budget for 2021 that would entail deficits of 5% worth of gdp none of that is being factored into the treasury market why is that the case why do investors continue to slug offer the position? >> the bigger factor is the globalization of interest rates. the u.s. interest rates are not just set in the u.s. on u.s. fiscal policy. it's set around the world. u.s. treasuries are the

safehaven. it's the method to best hedge other risks, political, economic, so there's a flight to safety and treasuries provide that safety. they move independently of u.s. domestic fundamentals to a degree you can get fundamentals deteriorating so rapidly that no one wants that asset anymore i think we're far away from that primarily because there's no alternative to u.s. treasuries. >> very fair point, for the time being at least michael, thank you for joining us on "street signs. chief investment officer of global fixed income at morgan stanley investment management. stay with us on "street signs" because we are going to talk about deeper cuts for daimler. find out why the luxury carmaker is reportedly putting more jobs on the line. we'll be right back. robinhood believes now is the time to do money.

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welcome back to "street signs. let's give you a rundown of what's been going on in markets over the weekend on friday, the highlight of the

u.s. session was nonfarm roll coming in much higher, 225,000 jobs created obviously, as ever, the nitty gritty was in the details. as some people were disheartened by the fact that the wages came in slightly lower than expectation. all of that boded not so well for the end of the wall street session on friday. the three majors ended in negative territory after four positive consecutive days. still, a very good week for the majority overnight we've been focused on coronavirus and the chinese responses. they announced a $10 billion stimulus package that helped lift chinese equities, in addition to the pboc liquidity stimulus announced last week some companies are moving to go back to work and some are talking about the knock-on effect a mixed bag coming out of china. overall we have seen chinese markets overnight performing well with some green on the

boards and markets outside china trading in negative territory. so, it has been what of a mixed handover you can see the stoxx 600 is down about 0.25 in early trading. ftse 100 down quarter of a percentage point not much to watch out for in terms of data but we get the gdp numbers for uk we have the xetra dax in germany, watch out for the political situation and it emerged this morning multiple sources are citing akk will not be running for chancellorship that's something to watch out for. obviously, big questions about the coalition's future we'll talk about that on the show a bit of green for the periphery indexes. we have banks, construction material at the top. no surprise there because of

their linkages to the chinese equity markets at the bottom, travel and leisure getting hit by the knock-on effect of the coronavirus. and tech struggling slightly in europe as well. >> thank you for the market update let's give you more color on daimler, who is reportedly set to cut as many as 15,000 jobs as the german carmaker ramps up cost measures according to german newspaper >> credit suisse shares are up after the bombshell ceo who is set to deliver his company's quarterly and full-year earnings this morning he was ousted after an investigation and a second

investigation is under way let's bring in senior credit analyst from hermes. unexpected announcement out of credit suisse friday it seems to me that it's a situation of one incident last summer could be perceived as an isolated incident when the second spying scandal came up, the board essentially said enough is enough this is causing too much reputational damage. we need to see a changeover in management here. >> i think so. once regulators are involved over the weekend and the regularity wasn't happy with credit suisse, i think that was the straw that broke the camel's back of course, i mean, he was paid for nonfinancials at credit

suisse but if you look at the strategy for the last five years, it seems to be working. it was for a successful ceo you need someone with other skills. >> let's talk about the timing of this announcement looking through research from citi, they said recent investment marketing in swiss, but the timing of the announcement came as a surprise to anything. do you think it has anything to do with upcoming earnings due later this week? >> to some extent it seems logical that they go out on nonresult number i think it's also the end of the cycle. i think it just marks the end of

the cycle. they are involved with management it needs to be pristine. i think that is one of the reasons they decided to go for change of leadership. >> we talk about the reputational impact it's going to have on the bank but i wonder if it's actually having much of a reputational impact. if you look at the stock price performance this summer, the stock is up 5% the stock hasn't really got hit. it hasn't been a negative performer. and second, if you talk to them about net new money that has come in, that hasn't been derailed at all. is it perhaps a situation where the outside world is more concerned about the actual reputational impacts than what investors are doing with their money? >> yeah, i think it's a combo of both of those two factors. you're correct to say the stock is up by 5% but also really

depends on the -- it is also -- reputational damage on the franchise is very -- it takes some time to filter through. as you correctly say, the 19 months it shows where they try to recycle some capital away from the investment bank reputational damage always takes -- it's a laggard and could take -- i guess the bank doesn't want to take any chance with that. >> in many respects, the heavy lifting for what needs to be done in the bank has already been done. people are asking about whether or not we could see a different strategy out of mr. gotstein but what mr. thiam, refocus on wealth management, we spoke to him a year ago and he said the restructuring is done. now our focus is on growth with

the existing client base we have are you expecting a new strategy >> to some extent the directional travel is set and i think the main challenge will be the growth trajectory in asia and wealth management. if you look on price to multiple it will be up to him and his team to -- it's been quite good at swiss unit but still nonquantity to majority of investors. so, we see -- we hear from gottstein in the first half and we'll see where his priority lies. >> in the run-up to friday's announcement, a report suggested shareholders were putting their weight behind tidjane thiam and

were calling for the resignation of the chairman. clearly the chairman won in that battle is the pressure off him or is there a chance we see him removed from his seat? >> i don't know. credit suisse announced it's going to go by thiam by 2021 we'll see what goes. they imply but i may be speculating that a succession plan is in place we'll hear more of that on thursday. >> thank you very much for weighing in. we look forward to those numbers out on thursday. in other news, several senior conservative lawmakers have raised concerns in huawei's development in the 5g making it could mark the first

rebellions by mps against boris johnson. the uk government allowed the chinese company to build up noncritical parts of the country's 5g networks, this despite concerns from ministers and allies. beijing is urging france not to discriminate against huawei the chinese tech giant could face restriction in several french cities. the embassy said it was assured huawei would be tweeted just like other vendors. speaking on the bbc monday, china's ambassador to uk said huawei had become the target of a witch hunt simply for being a chinese company. >> i think there are -- what they're doing is kind of a witch hunt number one, huawei is a private-owned company, nothing to do with the chinese government the only problem they have is they are a chinese company and

that's the problem i will leave prime minister to deal with president trump. i think -- i always say, uk britain can only be great. one, it has its own independent foreign policy >> stay with us. we'll take a break when we come back, we'll be live in dublin as sinn fein surges.

welcome back to "street signs. i'm julianna tatelbaum. >> i'm joumanna bercetche. these are your headlines china tries to go back to work as a number of major factories reopen for business, but sunday marked the worst day in the coronavirus outbreak so far. with 97 more fatalities taking the death toll to over 900 people. europe follows asian

equities broadly lower blout town by travel and leisure stocks as the uk says the epidemic constitutes a serious and imminent pun health threat. 15,000 jobs are on the line at daimler as the luxury car company reportedly looks set to cut more costs in a move that could save the group 1.4 euros by 2022. south korean film "parasite becomes the first foreign language film to win at the oscars while war epic "1917" is the other big winner we're now about 1 1/2 hours into the first trading session of the week. as you can see here with the sea of red beside me, european markets are traded on the back foot this morning. bear in mind, though, last week the euro stoxx 600 ended more than 3% higher

perhaps a bit of profit-taking coming through this morning as we don't have a huge amount of new macro news for investors to digest instead, setting up for the week ahead. but that death toll does continue to tick higher so investors continuing to very closely watch those coronavirus developments. let's take a look at fx markets. we had interesting news on the political front this europe this morning. let's start with the euro trading a touch stronger than the dollar, just below the 1.10 market germany after hearing akk not going to run for chancellor. in the uk, sterling is trading 10 bases points higher ireland in focus after this weekend's elections. let's get over to the u.s. and take a look at what futures are indicating for the wall street open we are looking at a fairly muted start to trade this week s&p and dow set to open a touch lower but essentially unchanged this morning friday, of course, we had that

stronger than expected u.s. non-farm payrolls report later this week we'll look ahead to federal reserve chair jerome powell's testimony to congress. let's switch to one of the top european stories angela merkel's prodigy, akk, says she won't run for chancellor in next year's federal election according to democratic union lawmakers merkel has reportedly urged kramp-karrenbauer but the party has started the process to replace her. the cdu board is currently meeting and there will be a press conference at 1330 cet breaking developments out of germany. let's bring in the deputy director of research at tano intelligence just looking back at what happened, it seems the elections were really the writing in the

wall for akk and illustrates she had a lack of hold over the party in that they were able to alie themselves with it is far right opposed to the regional premiership. merkel came back strongly against that decision. all of that, that's a lot of speculation as to what's happening at the top of cdu. what is your take on where we go from here as a party and in terms of leadership there? >> i think, unfortunately, we're going back to where we were a year ago when angela merkel said she wouldn't run again for president party and that opened up this with akk narrowly winning that contest i think the underlying question -- we've been very focused on akk's personal performance in this role but i think the big underlying question hasn't been resolved. that is, does the cdu want to look back to what is a more

traditional right or does it want to stick to that centrist course it's been on under merkel. >> is there any risk that the cdu actually splits in angela merkel, one of her defining moments, her legacy, was allowing the syrian refugees to come into the country. she receives a lot of flack for that that was one of her defining moments fo for her own legacy. since then the cdu has shifted increasingly more right and to put up a fight against the ft, who have been very anti-immigration this was really illustrated by what happened over the weekend they had no choice but to go in that direction to secure the seats. >> i think that's -- that's exactly the strategic dilemma. it was the immigration crisis. before that it was the eurozone crisis the whole story of the cdu reacting to that the center and

merkel was good catering to the center but as you say, the strong demand within the cdu there to say, we need to stick to our traditionalist credentials. what we've seen from akk in one year is this structural question hasn't been resolved and it will be with us until merkel's chancellorship. >> how much of akk's struggle was actually down to her as a leader and how much is it just a function of the coalition, the makeup of the coalition and the increasing fragmentation across the german political landscape >> i would tend towards that her personal performance, it was unfortunate. my concern looking back one year ago, one and a half years ago, my concern was, whoever you end up with, more traditional leader or more liberal like her, will rule over a party that is structurally divided, as you say. the real problem is the coalition. the coalition with the

democrats? no, the coalition of voters, traditionalist and centrists, and that doesn't go together very well. >> how is the green party going to fit into the future of the german government? there's been an uptick in support for them how do they feature in the upcoming election cycle? >> i think the greens are ultimately the big winner off that big standoff within the cdu. we have been focused on the a if d. that's headline grabbing fully understood but i think the real centrist alternative in german politics is the greens. >> and hamburg will be a big test for that. we have regional elections coming up. >> absolutely. >> i want your take also on new sdp leadership we had the new leaders announced towards the end of the year last year and their stance is slightly less warm towards the coalition than their predeces r predecesso predecessors is that going to prove problematic, especially if they're looking at a defeat in hamburg? >> i think the situation of the spd has been precare yus for

many years they've been looking increasingly to the left in their case with this new leadership again, these two new leaders settling in over the last couple of weeks we've seen that i think they know that their options at the end of the day are limited they need to stick to their coalition because they can't afford early elections before angela merkel is out. >> if we can broaden this out to broader europe the idea of fragmentation among political parties is seen across europe we're about to gets into the ireland story in more detail with our colleague but a quick take on what this means looking across europe. is it sustainable to have this kind of fragmentation? >> i think the big question, we'll see this in irish as well, fragmentation is nice and well as long as you have political culture and political institutions in place that allow you to cobble together some centrist consensus on that front when i look at germany going forward, i wouldn't be too worried with the

growns emerging as the new centrist force can we reform these centrist coalitions despite fragmentation. >> thank you for being with us carson nichol, deputy director of research. meanwhile, storm ciara has reeked havoc across the europe the storm battered the region with winds reaching over 90 miles an hour. energy companies in the uk said over 670,000 homes lost power over the weekend >> and let's get right into that ireland story. nationalist party sinn fein looks to be part of an irish government for the first time, having won the highest percentage of first preference votes. sinn fein leader has described the vote as a revolution in the ballot box, however the exact makeup of the next irish government is unclear with 82

seats yet to be declared fianna fall ruled out a coalition with sinn fein but after the vote, the leader martin stopped short of rejecting the prospect. >> we listened to the people we listened to the people. they voted in the three main parties but the other party, the greens are doing well, and the independents the point i would look at there, i think we're looking at a far more fragmented landscape historically and i think that's embedded into our situation. >> villa marks joins us live from dublin. give us more color, what has led to the success of sinn fein in this election and what are the next steps for forming a government in dublin >> reporter: the people i've spoken to said sinn fein campaigned on housing, health care, appealing to voters' concerns about the rying cost of

things like commuting and child care that's why they've seen a surge in support they've already won 29 seats so far. we've seen half of the total seats allocated. that 29 number already higher than their existing 22 in the previous parliament here and what that means is that the two-party system that's dominated irish politics for so many decades seems to have come to an end. the three main parties now, sinn fein, fianna fail and fine gael looking to win more than 20% of the national vote. that willic ma the discussions around who will form a new government, who they will work with incredibly complex. mary mcdonald, the woman who successfully led this campaign for sinn fein spoke yesterday, talking about her preferred course of action when it comes t to choosing government partners.

>> it will be dependent on the numbers. i've already made contact with the greens, the with the social democrats, with others, so that's that's the first option i want us to explore. >> it's been a strong result for sinn fein. i think it's a further reflection of political change in ireland and we're looking forward to the challenges and the opportunities ahead. >> reporter: the sinn fein leader saying in an ideal world she wouldn't work with fianna fail or fine gael but will work out to the two leaders the leader of the fine gael party saying he's not willing to talk to ms. mcdonald a when the results get clearer and we get a better sense of arithmetic for the lower house of parliament, we'll get a

greater sense, i imagine, as to which parties might start to talk to each others. the tieup between sinn fein and fine go. gael seems to be off the table. >> perhaps a longer term question for you i know you've been out there speaking to various policymakers and analysts one of the central points of sinn fein is they would like to hold a vote at some point in the next couple of years about a potential reunification of the island that, obviously, would be a major development for the politics regionally and within ireland as well. what's the likelihood of something like that actually does take place? is there any signal at all from other parties they would be willing to enter into a coalition if that is one of the major points sinn fein has been pushing for?

>> analysts i've been speaking to pains to point out that sinn fein's policies haven't helped them see the rise but is officially part of the party platform for fianna fail and fine gael. they are republican parties that would like to see a united island, in theory. the survey that resulted in that number is not particularly posed question, people told me but it does indicate that were that to be a possibility, voters would support it some i spoke to last night who has had decades working with the british and irish government on this kind of issue said he didn't anticipate that happening in this next parliament. but he said a variety of factors involving brexit, the changing economy here in the republic and some other factors as well make

it more likely that in the next ten years, by 2030 we could see a peaceful transition to a unified island >> that would certainly be something. thank you for bringing that color from dublin. just a reminder. you can follow us on twitter @streetsignscnbc if you want to get involved in the conversations we've been having and you can also tweet us directly. stay with us history has been made at the oscars stay tuned to find out which film is the first of its kind at this year's academy awards ♪

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history has been made at hollywood's biggest night. "parasite" has won an academy award for best picture, making it the first ever foreign language film to win the oscar's top prize. let's get out to jennifer bjorklund, nbc news, who joins us from where all the action took place jennifer, what was the reception

like to that historic win for "parasite" >> reporter: it was an incredible night in hollywood. that movie, call it a thriller, horror show, you can't categorize it and shows great story telling transcends language barriers. "parasite" winning best picture, first foreign film to do that, and capping the night with three other oscars best international film, original screenplay and best director for bong joon-ho. no spritsing in the acting character. title role in "joker" for joaquin phoenix. it was the second oscar for renee zellweger who won for playing judy garland in "judy. best supporting actor went to laura dern for "marriage story"

and brad pitt had the crowd roaring and on their feet as he got up to accept supporting actor honors for "once upon a time in hollywood. it was an exciting night in hollywood where the silver screen, the big screen still ruled. netflix came in strong with 24 nominations, leading the field, but walked away with just two oscars the oscar love was spret pretty evenly throughout the field. >> you know, rewind back to one year ago and i remember the netflix film swept up all of the oscars and it was a shakeup and a surprise to the entry at the time do you think hollywood is breathing a sigh of relief that some of the netflix names like "marriage story" didn't scoop up as many awards this year as they did last year? >> reporter: yeah, maybe it's a little pullback, who knows interesting it was another foreign film and something that

was a little different, a little off the beaten path like "parasite" was this year definitely some similarities but big differences in the big screen versus the small screen and how things have been evolving through the last few years. >> most definitely perhaps a sign of things to come in the future. thank you for the breakdown. that was jennifer bjorklund from nbc news covering all of the oscars and the awards over the last 24 hours. now, elsewhere, president trump has fired two key witnesses who provided damaging evidence to the president and the impeachmentle trial just two days after his senate acquittal. lieutenant kol nor alexander vindman, a national security council expert, was seen on friday being seen escorted out of the white house his lawyer said it was retribution for his testimony. president trump justified the decision on twitter saying the decorated war hero had been

insubordinate. u.s. ambassador to the european union gordon sondland announced he was being removed from his position and the u.s. president is expected to propose a 21% in foreign aid along with a toned down social safety net program in his '21 budget proposal the $4.8 trillion package assumes the u.s. will hit $1 trillion deficit despite the cuts the budget would raise military spending as well as include a major increase in the international defense finance corporation which provides loans to developing countries. sticking with the u.s., candidates in the democratic primary elections jostled in the first major debate following prolonged and controversial iowa caucuses the presidential hopefuls focused their attacks on pete buttigieg after the indiana mayor made an unexpected leap to the top of the party's polls, along with senator bernie sanders. tomorrow the dnc will hold its second primaries in new

hampshire as former vice president joe biden hopes to come back from his poor showing in iowa. jay gray is in new hampshire where the candidates are campaigning around the clock >> reporter: the road to the democratic nomination winds past diners and cafes town halls and gymnasiums across new hampshire, the political fight on the ground here, hand-to-hand combat. >> what this campaign about is asking people to think outside of the box. >> reporter: bernie sanders and pete buttigieg - >> we need our stories brought to washington and the answers are going to come to washington not washington. >> leading in the poll. >> this isn't about polls. this is about how we repair an america that's not working for most americans. >> reporter: elizabeth warren and joe biden looking to close the gap. >> my dad used to have an expression it's not whether you're knocked down, it's how quickly you get

up. >> reporter: amy klobuchar seems to be the wild card, gaining more than $2 million in donations after a strong debate performance. >> we need a president that brings people together instead of shutting them out someone that is able to win big. and that's me. >> reporter: the new hampshire primary, an important bridge to deciding who will ultimately battle president trump for the white house. >> i think if the right candidate comes to the top things could happen and it could be a real race. >> the race for democrats picking up the pace significantly from here with two debates, another caucus and primary all in the next three weeks. the new hampshire primary also has the attention of the white house. the president has a rally scheduled here tomorrow on the eve of tuesday's vote. jay gray, nbc news, manchester, new hampshire. >> the good news about having a new hampshire caucus tomorrow is we can finally stop talking about the iowa caucus. it's been like a week and we're still going on and on. even bernie sanders himself

said, enough, enough talking about iowa caucus. we need to move on definitely certainly something to watch from the political perspective. let's recap what happens on friday the u.s. economy added 225,000 jobs in january, well above wall street estimates the unemployment rate ticked higher to 3.6% but that's in in part because the labor force participate rate increased to its higher level since 2013. average hourly earnings surpassed expectations decent number on the headline, the 225k number coming in higher than expectations. slight tick in unemployment rate, if we to want be nitpickers wage growth as well. the numbers for the u.s. economy still pretty strong, despite everything that's going on. >> still pretty strong it will be interesting to hear what jerome powell in his

testimony on capitol hill later this week because the external risks is what turned the fed more bearish in terms of the trade war and now we're here with the coronavirus. >> many analysts are downgrading their assessment because china's growth constitutes one-third of global growth. if china is growing at 4% that will have a knock-on effect for other countries. expect him to fold a lot of questions on coronavirus a quick look at u.s. futures the three majors are pointed negative after a negative close on friday. that is it for "street signs." i'm joumanna bercetche. >> i'm julianna tatelbaum. "worldwide exchange" is up next.

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it is 5:00 a.m. at cnbc global headquarters. here's your five at 5 -- coronavirus crisis mode. factories at the center of the epicenter struggling to reopen after an extended holiday break, this as stock futures search for direction after friday's triple digit selloff to the dow still a very good week 4$4.8 trillion, president trump set to outline his latest budget proposal we're live in washington with the latest there. seeing pink at