it is 5:00 at cnbc global headquarters here is your "five@5." stocks back on rally mode. still on risk from the coronavirus. retail is rising alert we have some names to watch coming up. breaking news in the telecom space hasshares of sprint surging. china responding to allegations of cyber theft surroindiunding a 2017 equifax breach.

and the bank of mom and dad, just how dependent are millennials on mom and dad good morning and welcome let's check shares of futures. before we do that, i want to show you shares of sprint. they are up more than 65% pre-market an m&a saga with t-mobile. we'll now get to the stock future to show you how they are looking. after we saw a nice bump on wall street yesterday dow and s&p hire

s&p indicated higher more than 8 and nasdaq more than 35 points let's see what we have going on for you in asia and actually mostly around the world, we are seeing green on the two-year, we'll take a quick check, yield on the 10-year below 1.6% hang seng higher nikkei was lower one of the only negative markets we've seen overnight this morning as we continue to follow the coronavirus with new virus cases and dipping slightly believe it or not. it is hard to know if that is actually a trend or not. let's look at what is going on in europe. germany higher as well as the ftse 100

france is higher by a half a percent. joining me now, gibbs wealth management with the exception of what is going on in japan. what would you say is the reason they are able to shrug off concerns >> it is not surprise we are able to get some green days, as well as the u.s. fundamentals in the u.s. are strong it is all about trying to dive in and figure out what industries are most vulnerable with the slow down and how quickly this is going to be resolved so far, i think there are major concerns the jan inflation numbers are

concerning that they are only starting to ask for help to contain this spread is something we'll have to worry about i don't think it is time to get in i don't see it as the ultimate low or the dip just yet. >> what i'm parsing through is the impact of companies like, say, apple, only 10% of the workers are there. we know it is the lunar new year so it is slower already and perhaps that is a blessing in surprise >> i know it looks cheap but you would be perfectly safe to wait at least a month or two.

those could also take a hit but i think in general, we have such a strong u.s. economy, you have ways to see trading. another concern that is a longer-term trend is high-end luxury so lvmh who just bought tiffanys they have a massive exposure to growth in china. that has been a hit. i don't see that turning around for at least a month overall, that u.s. large cap core is the safer area to invest in we'll see the least amount of volatility you need to delve in and figure out was there growth expected to move in from china

if they are not producing or going out, this could hurt you for at least first quarter to second quarter >> quickly, when we are talking about the broader market talking valuations how do you feel about that part? >> that's another big concern. we don't know how this virus is going to play out and how quickly they will contain it stocks are trading at perfection we haven't seen this since 2002. this is an 18-year high. it is expensive. >> we are here >> yes we are here. we are at the top. if there is anything that can derail expectations. fundamentals are looking great all it takes are just one thing to derail this

i'm really focused on core stocks i don't see value coming back anytime soon really stick to your core fundamentals minimize exposure and stick with growth to a reasonable value >> thanks for being with us. all of this as the death toll from the coronavirus has topped 1,000. confirmed cases reaching 43,000. the pace is starting to slow as the u.s. reports its 13th confirmed case live in beijing with more. >> the continued spread of the coronavirus has stalled production lines across china. that is despite beijing's

efforts. we spoke to one manufacturer today who said his concern is that disruption could last until april. expecting to open his beijing motor cycle factory instead, he's at home with his dog. like most in china, he was expected to start production after the lunar holiday. but because of the virus, he's stuck trying to manage the business from his apartment. he's used this facility to build his motorcycles and ship around the world. installing showers, isolation rooms. >> you have to have it or you don't open the door. that's how it is >> he's not sure when p that will happen.

chinese work force is migrant work force and comes from the places like wuhan, and so forth. those guys won't get here until the end of the month in the meantime, he and his partners had to delay the launch of a new motorcycle they had planned for this month >> when do you think you will reopen >> fingers crossed, friday you never know >> the outbreak is having another impact on business planning he said he and his partners have already been building a facility in india but that they could expedite those plans >> very interesting look at the human business side of this story. ju eunice, while we have you. responding to the indictment of the military hackers in

connection to the 2017 equifax data breach. what are we hearing this morning? >> we are hearing what you'd expect from the chinese government about these things. there has been noadmission of blame or fault, at all the foreign ministry came out fighting saying the chinese government do not engage or participate in the theft or tradesecrets of the internet adding that china is a victim itself of cyber theft, and beijing demands the u.s. stop such acts. this is a very common answer or response from the chinese. often saying that the u.s. is just as much to blame as the chinese are when p it comes to any sort of spying >> interesting stuff for a story

that continues to be un-ralphed ther -- unravelled there moving on to the new hampshire primary. alice is with us this morning. >> reporter: it is primary day here we've had the very first votes registered there is a long-standing tradition that just after midnight, some very small towns have pretty much the whole population which amounts to five votes. three of the five went to michael bloomberg, who is not on the ballot he is beginning his big bourbon super tuesday but written in by folks in that small town when you take the three little towns, the largest focus going

to amy klobuchar she had a strong performance here she is banking on doing well today to drive forward and raise money and give her momentum to do better. she has been slotted in third place. senator bernie sanders has been first and pete buttigieg is right in there but anything can change today >> what an interesting beginning. thank you so much. when we come back, sprinting ahead, why shares of the telecom giant are set to surge this morning. why slack shares are shrinking and what equifax has to say about that 2017 hack attack. more when "worldwide exchange" returns. with more than 85 years of experience

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states had sued to block the deal arguing that it would lead to higher prices especially to people who use pre-paid plans that are popular with those with poorer credit. they say it is necessary to help them rule out 5g and compete with verizon and at&t. sources say that sprint and t-mobile are expected to talk soon to renegotiation. they want to cut the price of the deal print, which is majority owned by soft bank will argue that they will boost the company to boost cash flow. sprint shares up more than 60% and shares of soft bank also higher >> that is impressive. to see all of those names

higher, you don't always see that as well sometimes they had been blocked surprisingly it is not all here, the edge well and harry's deal was blocked was interesting. totally different sector >> different sector. a lot to watch still on this still on deck, why sunday night's oscars are trending but for all the wrong reasons. >> announcer: today's big number 373%, that's how much the shares u.s.erpa a aoscend defense is up in the past decade hitting a new all-time high yesterday. arted datadog nine years ago, our mission was to break down silos and bring teams together. nearly 9,000 of the world's most innovative companies rely on our platform daily to run their business and delight their own customers. we see a massive opportunity in the years to come,

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memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. . welcome back to "worldwide exchange." let's get a check on stocks on the move daimler is cutting its dividend after the four-year profit fell. results are way down after restructuring and legal charges. despite record sales of mercedes cars as the brand retained the sales of the automaker slack denying a report that ibm recently bought its service making it slack's largest customer they say ibm has been its largest customer the company is not updating

fourth quarter and full year guidance shares rose as much as 15% on monday and fell sharply in extended trading on that collar indication report. chegg is falling this morning. helped by new subscriptions. the provider of education technology above analyst estimates. shares are down 2.5% when we come back, we'll be live in new hampshire where voting is under way in the country's first 2020 primary what the rulests could mean for the market and your monday that's coming up sometimes, the pressures of today's world can make it tough

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let's check on this morning's other headlines. phillip mena is in new york with the latest today's new hampshire primary is critical. president trump is trying to steel the democrats' thunder he held a rally last night directly targeting his political rivals >> you have cross overs in primaries. i hear a lot of republicans tomorrow will vote for the weakest candidate possible my only problem is i'm trying to figure out who is their weakest. i think they are all weak. the democratic party wants to

run your health care but they can't even run a caucus in iowa. iranian missile attack in iraq now saying 109 american service members were diagnosed with t traumatic brain injuries president trump had initially do downplayed those injuries. look at this image of a snowstorm. >> phenomenal video. when we come back, another black eye for softbank struggling in c suite as an

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shutting down. the second half of "worldwide exchange" starts right now welcome back, i'm courtney reagan in for brian sullivan here is how stock futures are looking. dow less hand turning now to look at the bond market. warning signs we haven't seen in the he can withity market. the yield below 1.592% things were mostly green overnight. we saw the hang seng higher.

the shanghai up 0.4% up as overnight trading there. stocks did close hire as we put it in perspective as numbers did dip slightly pushing to record territory this morning. higher by 0.7% and the ftse higher by almost half a percent. kate rogers is back with more. >> china is denying it is engaging in cyber theft after a charge of the massive 2017 equifax data breach. saying the government and military do not participate in stealing trade secrets over the internet william barr accused china of

stealing equifax's ceo spoke out. >> defending against the military arm of another government, china, raises the bar for equifax and every company around the globe in defending against cyber attacks. on line retailer brandless is shutting down will layoff more than 90% the first brand of softbank to fail google's chief human resource officer is stepping down amid tensions

she has led human resources since 2016 during that time, google has faced backlash over executives being accused of sexual misconduct and plans to provide ai technology to the defense department >> a big departure voting has kicked off in today's new hampshire primary. residents in a small community cast their ballots just after midnight with michael bloomberg winning three of five votes there. not even officially campaigning there. kayla, what are you hearing on the ground i hope things are getting off to a smoother start we are hearing still from a lot of voters who are undecided. bernie sanders has seen his lead

widen, there is no doubt senator amy klobuchar has seen ace boast debate surge taken most of that momentum away showing sanders at 27%, buttigieg at 19% and klobuchar at 14% taking away some of that shine from mayor peat. some moderates are still undecided. this woman, we spoke to her yesterday. she said she's still on the fence between mayor pete and klobuchar. >> i think they are both very sharp, intuitive, good thinkers and both demonstrate very strong leadership i think they would be very strategic with how they would work with the other party. they represent the best chance of bringing the country

together >> another leaning towards klobuchar because of her experience and the number one issue on his mind is the cost of higher education >> we talk a lot about student debt for those helping to fund their kids' education. it would be awesome to be putting that money into retirement >> worth noting that new hampshire primary voters tend to back the candidate with new england roots. a lot of support from young voters concerned about income and equality the ground swell of support for sanders still runs deep. we'll be talking about that next hour >> very interesting. it wasn't that long ago we thought former vice president biden was the front runner

any discussion there on the ground that i'm missing? >> we did not hear a single moderate mention biden's name. even the vice president himself seems to be lowering expectations he has acknowledged he took a hit in iowa and he says we'll probably take a hit here in new hampshire. preparing for south carolina and nevada where he is showing higher support there >> very interesting. thank you forgetting up early with us and bringing us the latest on the ground in new hampshire. on top of the primaries, investors will have plenty to chew on. jay powell will head to testify to congress. among the topics will be the coronavirus which has now infected 43,000 people

and lyft and hasbro are reporting today. the markets have a lot to digest it seems like we've really rolled past the fears of the coronavirus and how much it could impact or not. what do you think is top of mind or what should be top of mind as we roll into tuesday's trade >> the coronavirus seemed like a two week ago headline and is starting to go on the backside of what investors are worried about. they have pretty goodbyi buying opportunities. we are sitting at all-time highs. the market only pulled back with 3% as you mentioned, we are at

all-time highs and will continue to add to that today you mentioned earnings season. q4, it looks like we'll exceed that earnings session. the mid-eps look as containable from our side. what multiple should go on that number that gets us to the 3,000, 3,400 number given the landscape will be at the forefront this year. >> it seems that fed chair has perfected the way he speaks to the market i can't imagine many investors are nervous. we haven't seen something like the coronavirus for quite some

time we've heard they are pulling down expectations to see growth around maybe 2 poers or so should investors be paying close attention to powell? >> he's done a good job communicating that the fed will be on hold and will step in. the big take away is how does it impact china given that it is already slowing. the trade war is 5%. versus the target of 6, i think the u.s. economy is more perspective. that goes for the u.s. invoeftors and what will happen with boeing and how fast they

ramp up production here. >> a lot on the record highs we are seeing thank you for being with us this morning on "worldwide exchange." coming up, bad news for the oscars as rating take another 'ltule wel tell you how bad they were when "worldwide exchange" returns. with portfolio managers focused on the long term. who look beyond the spreadsheets to understand companies, from breakroom to boardroom. who know the only way to get a 360 view is to go around the world to get it. can i rely on deep research to help make quality investment decisions? with capital group, i can. talk to your advisor or consultant for investment risks and information.

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it is time for today's top trending stories what do you have, kate >> more and more millennials are buying so but it looks like they are doing so with the help of mom and dad. 77% expect financial support from their parents when purchasing their first home. roughly 40% said they primarily expect help with adown payment and others expect help with

cosigning and mortgage cost. i think the term expect is interesting. >> yes >> i wonder if this is because so many millennials have such high student loan debts. >> i've heard people say, do you want help with the wedding or the down payment >> and more and more millennials are waiting to buy a forever home rather than a starter home. >> maybe if you you are buying your first purchase, the cost is higher i'm not making excuses but trying to think about why this trend is happening >> very different generation from our parents >> moving on about groundbreaking wins by

"paracite. down 20% from last year's roughly 30 million lower than 2018 which can previously held the record for smallest audience. despite the drop in viewership, the oscars still beat the grammys and globen globes in total viewers. i wonder if the prevalence of social media that people don't feel you need to watch i watch them every year. >> i like the red carpet fashion but i don't feel the urge to tune in the way i had years ago. i don't know if i'm part of the broader trend. >> i love movies and the escaping i've often thought, why do i care hollywood is giving away awards

to themselves. >> i care more about sleeping. a five-foot tall robot is providing information about the coronavirus outbreak the promo bot helps the robot will dispel fears about the virus. the robot doesn't detect the virus, it does ask common questions and gives advice >> don't worry about the pandemic, here is a robot to help you >> we are trying to dispel fears, that scares me more >> now you have to elbow out buzz light year and the coronavirus in times square. >> coming up, ceos speak out on the coronavirus.

>> we are covered three or four days, if we are extended longer, we would have trouble in the supply chain >> we have suppliers in the wuhan area we are working on mitigation plans to make up any expensive production loss. >> the virus has had significant impact it is unfortunate how the outbreak has impacted people's lives during the chinese new year >> if they start buying a lot less, it does impact q1. >> there is lower traffic. thats why we announced a reduction in china results this quarter. >> we'll break down the impact on china sales you can always watch or listen live on the go on the cnbc app, "worldwide exchange" is back in a moment

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time for the executive recap. shares of sprint surging on reports the judge is expected to approve the merger with t-mobile states like new york and california had planned to block the deal t-mobile and sprint are expected to start talks soon. the department of transportation will review federal training requirements for pilots in the wake of two deadly crashes involving the boeing 737 max jet. those crashes have raced questions about increasing automation in planes boeing has designed a software fix but it has not been signed off by federal officials yet

morgan stanley is looking to secure buyers for $250 million of uber shares the bank is offering shares on behalf of an undisclosed holder will be priced between 39.85 and 39.95 each overall, shares of uber are higher by 1% when it comes to the coronavirus and retail, it is complicated. for china, critical for manufacturing and for consumers. there has been overall incentive to move production outside of china, it still remains a key manufacturing place for companies. retailers and brands are starting to quantify the impact

on business. canada goose is perhaps one of the hardest hit brands stock already down more than 15% year to date estimating 40% is tied to china and in other countries that is not happening if there is travel restrictions in place, which there are currently. saying china sales are negli be gle levels tapastry, the parent company of coach and kate spade says most of the china stores are closed

capri holdings, estimates a bif bigger sales more than half in china. capri have 250 of china stores closed the ones open are seeing traffic and sales reduced. a profit hit up to 45 cents a share. ralph lauren shares closed too only about 4% of revenue is in that country perhaps a blessing in disguise but 20% of their production is in china nike down 17%. estimating china is nike's most

profitable region kbgenerating 17%. we'll talk more about the impact i ran through some of the numbers in the luxury space. do you think these get made up >> i think once you lose sales, you lose sales it will take a while to be made up some of these sales and production will be on line the uncertainty will help everyone one. we've. sales are lost we have had that happen sooner

than later >> talking about demand and supply before the trade war as we talk about have moved away. not as much economic sense maybe a blessing in disguise whether looking at the whole picture, first demand and supply, is this a serious demand >> it is we talked to retailers how much goods do they have most companies are well positioned to get past easter. once it gets past easter whens it time for summer and back to school, that's the impact. the impact of that because of

chinese travel extensively and go shopping. getting back to work and being able to put goods on the boat or plane to arrive is where you'll feel the impact. companies are giving one or two quarters because they don't know what it will look like in the back half of the calendar year >> you look at your universe names that are most exposed, least exposed? >> luxury goods will be impacted when i think about a papparel manufacturers in particular, they need things coming out of china. whether they went to vietnam or other parts, there is no china by china you need that production that is the impact for back to school and beyond. if we don't get factories back up and running in the next four

to six weeks j the next company is underarmor reporting fourth quarter earnings sales have been stag nent in new york -- north america. they've restructured and with regard to the virus, more than 10% of total sales stem from asia pacific region. growth in asia surging 28% we know that is a key growth area what are your expectations for this name specifically >> it is all about can they get efficiencies and cost cuts you think of the drivers it is international, wholesale

and apparent they have new people in place now. new coo, they need to get their act together they need the product demand key competitors going into the olympics is key. gross margins, everyone expects signs of improvement we need to see that. are they going to do that 10 cents or 11 cents will be key was with a challenge in the third quarter. >> what about north america? that has been so critical. can they do it they'll get more growth

internationally. can you have the inventory levels clean just in the north america platform itself. in the strength of the competition, very high >> we are seeing two new executive officers with good experience coming in, two different projectri trajectories or different? >> two different trajectories. you have a smaller company with underarmor nike is global the global reach of nike is quite strong given the fact that global accounts for large percent after sales. fashion show was well received last week that will make them

grow and gain share. >> when you look at retail more broadly, what do you think will happen here in 2020? the biggest risk that maybe trade war is off the table >> when i think of innovation, speed and data to have consumers say, i'm driving to you now. companies like lulu, they continue to learn. amazon is delivering speed dispointers continue to win. don't cut out the strength of luxury players the other one that could see newness from, you have turn

around stories like amber krom by and finch where it is not getting worse and some some terms getting better >> we need it to get better. >> me too. we need a win. that will do it for us this morning. "squawk box" begins right now. sfloo good morning, the death toll from the coronavirus topping 1,000. discussing testing vaccines on animals. earnings alerts with numbers from hasbro, and other markets >> a judge expected to rule in favor of the sprint t-mobile merger shares skyrocket on that news. tuesday, february 11, 2020 "squawk box" begins right now.

>> good morning. we are live. let's take a look at u.s. equity futures. after the s&p 500 closer hire. dow open another 90 points it looks like the nasdaq would open by another 43 points. you'll see right now, the 10-year is at 1.a 92%. markets were up in hong kong and shanghai as well >> the death toll from the coronavirus has topped 1,000 the number o