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tv   Worldwide Exchange  CNBC  February 12, 2020 5:00am-6:00am EST

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something in politics, it will shake a little bit if you look out ahead, it is difficult to be too negative on the market they continue to stand at the ready. fundamentals on balance are looking better, not worse. >> looking forward as the primary contest rolls on it is 5:00 and here is your are these campaigns going to start to pull together "five@5. is this just the way it is going fed chair jay powell heads back to be until you get to the to capitol hill. what president trump has to say possibility of a brokered about yesterday's temperature. convention >> i think if there wasn't a >> and boeing with the impact mike bloomberg looming out there. you'd say, listen, sanders won the vote in the caucus and the from the coronaviruso outbreak. >> a new meaning for maga and primary, he kind of should be what president trump has to say about silicon valley tech the democratic nominee
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titans >> sanders takes the lead yet people don't believe it because of the claim of socialism and this h-bomb of money again. "worldwide exchange" starts right now. i think it will be top si turfy for a long time. >> we have a lot to figure out >> good morning. shares of lyft tumbling despite welcome. i'm courtney reagan. the company posting results. shares of bed bath&beyond sinking more than 20%. fourth quarter revenue topping 1 the compan billion for the first time ever. preliminary guidance for the fourth quarter following uber's fourth quarter more on that move in a moment. we'll give you a look at how beat and profitability futures will look this wednesday ceo didn't update the morning. stocks look to open in record profitability time line but did ser torry with the dow indicated make it clear he is among the key themes the company is higher more than 106 points, focused on this year s&p 500 higher than almost 12, and the nasdaq tacking on almost 47 points. . >> caller: we expect to deliver take a look at the yield on top line growth. there are three key themes we are focused on
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bonds. look at the 10-year tick higher first, product innovation, profit and growth and third at 1.670 operating leverage >> joining me now, head of let's go worldwide and look at the green ar owrows around the investing. you heard him say profitability world. hang seng higher, shanghai number two on the list composite higher and the nikkei >> no. there on the right track that's one of the reasons why we adding on 0.75%. invested in the beginning. green around the world in europe focused strategy german dax higher, ftse 100 that's what they are doing not in a rush. higher by 0.2% the profitable growth in the and cac higher by 0.3% second quarter i trust the numbers and the ceo. federal reserve chairman jay there on the right track powell under renewed pressure. fourth quarter out the gate. this company is on the right back to the hill today
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track. this is the way to go. among concerns like coronavirus >> you were an early investor and boeing and kering. are you currently? >> no. earning season remains at the we are not forefront. cisco, walmart and deere are we we we were early investors. still on deck. >> okay. and a far left win in new you mentioned lyft is a pure hampshire for bernie sanders play because they don't have like a lyft eats joining me now, head of you don't think they need that >> no. they don't need that research, we have a lot to uber eats is good. tackle here. what do you expect from jay it is comparative. it is a platform with a number powell today of other businesses. it's a broad platform. more of what he said yesterday or the same message? the way to go is in north >> we think it will be the same message. the message is the economy is america. focused very well with the optioniality i'd rather go that way than this safe concerns with the coronavirus. you look at job's report way. there is a tlot do here. very solid the trend is still good. there is not much more the fed a lot to go in the early stages.
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executing here and later on to can do other than staying put. try to go to other businesses if you look at market reaction and fear what the fed had done needed >> in california, a huge state and there is this gig worker law you are seeing some react that on the books how big of a threat is this and there might be a rate cut in the will this continue to be an middle of the year that comes after coronavirus has overhang for investors taken shape. >> is that appropriate to you? >> let's see how that plays out. >> not from our spperspective. california is not the biggest market it is big but a lot of other we are in a wait and see businesses around. it will be hit total earnings, i guess. position from an economic perspective, overall, we'll see the genie is there is a human toll on the out of the bag can you not take this bag. ride sharing is the way to go. coronavirus. coronavirus couldn't have happened at a worse time a ground well of support from the bottom up. you will see, they will settle we have all of this trade
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there will be a compromise uncertainty. this year, with the spread you need gig economy around the world could have an transport aition as a service is impact as well a big part of the future from the timing perspective, it that's where we invested and why is not great hard to measure, so the fed we thought it was the right place to go. should probably stay put >> a lot of moving parts netflix making a rare move >> that is interesting and has a with the release of one highly lot of us scratching our heads the bond market was flashing some warnings signs but to your point, it does seem we are anticipated he s looking through. anticipated sequel chairman powell used the word and vidad solomon from goldman resilient talking about the u.s. economy's ability to absorb some of these world biggest problems. sach coming up this morning. sometimes, the pressures of today's world can make it tough >> the u.s. has been the main engine over the last decade for global growth. the challenge is that many
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>> that makes better sense senator bernie sanders is sell grating his first clear but woman: what gives me confidence slim win yesterday in new about investment decisions? hampshire primary. rigorous fundamental research. showing the second strong with portfolio managers focused on the long term. showing for sanders as he and the remaining 2020 democrats set who look beyond the spreadsheets to understand companies, from breakroom to boardroom. focus on nevada and south who know the only way to get a 360 view carolina >> good morning. 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. turn o turnout was high here. talk to your advisor or consultant the top tier is shifting as they for investment risks and information. head to the next round of voting >> thank you >> senator bernie sanders riding high this morning off the first it is time for this morning's top stories. place victory. rahel is back. this here it the beginning offed >> so twitter is in an uproar end of donald trump. about this one
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>> mayor pete buttigieg coming the westminster dog show wrapped up two days of competition in second. >> thanks to you, a campaign that some is said shouldn't be best in show winner was this here at all has shown that we are here to stay standard poodle. the first standard poodle to win >> and senator amy klobuchar since 1991 placing deliver coming off upsetting crowd favorite daniel. strong momentum. >> we have beaten the odds every step of the way. siba took home first in the >> the senator elizabeth warren looking for a path forward after sporting group daniel there very cute. a disappointing fourth place apparently a golden retriever finish and former vice president has ever won it was the underdog. joe biden landed in fifth. they also thought daniel was a he spoke last night from south cuter more doggie dog. they are judging to see which carolina 99.9%, that's the percentage of dog is closest towards the best voters that have not yet had a chance to vote in america. standards of its own breed
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apparently the judges felt liegs >> the field is slimming with siba was closer to the standard. i love both breeds andrew yang and others dropping also netflix giving out. >> coming out of the first two nonsubscribers a freebie contests, pete buttigieg has a the 2018 original, to all the boys i've loved before will be slight lead in the delegate count. there is a long way to go. >> absolutely. when we come back, forget able as the sequel romcom hits the travel, retail and tech, another industry sounding the alarm bracing for possible supply streaming. interesting to see if this leads to more subscribers. chain stock. if you watch the first one and software shares surging to a you are into it, you'd be willing to pay for the second seven-month high one. >> they say it is a hit and i seven-month high an love romcoms i vbt heard of it. >> we may have aged out. i'm with you and we have more when "worldwide
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more coming up next. you can always watch or listen to usiv le or on the go on the cnbc app. we are back in a moment. when it comes to your business internet, which is more important? ♪ ♪ okay, i wish i didn't have to choose. like the more i think about it, the more i want to jump to each room. what if i said you can have it all? ♪ ♪ comcast business gives you connectivity that goes beyond. that's what we want! that's speed, reliability, and security, all from one provider. touchdown!
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get started with internet and voice for an amazing price. call today. comcast business. beyond fast. welcome back let's get a check on the latest news rahel solomon is here. >> china is reporting the lowest number of new coronavirus cases since january. officials say 1,068 have been confirmed. there have been 94 new deaths
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reported drug makers are bracing for possible supply disruptions. concern that supplies would start running out by the end of this month china makes compounds used in antibiotics and diabetes drugs now time for the executive >> jay powell testified yesterday saying the u.s. economy appears to by resilient recap. increasing half production but that the fed is also closely operations in china by the end monitoring the situation of the month the company is working to boost that number to 80% in march. foxconn received approval to >> we know there will be effects reopen its largest plants. through the first part of the boeing is issuing a warning about an impact. year, major trading partners and speaking to reporters at the likely some effects on the singapore air show saying the united states. global air cargo industry is i think it is just too early to
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unlikely to grow say. kering numbers are higher. they have seen a serious drop in and warning revenues and profits will be down customer traffic in china. >> a federal judge has dismissed it is shifting some inventory to other countries. some of the charges claiming the shares of fox come up. it plans to resume by the end of company was not deprived any money and no evidence that the month. boeing is warning that the virus will hit the airline industry's holmes directed doctors to make profit this year speaking to reporters, a senior false charges but they did executive said that is due to uphold wire fraud charges. travel restrictions and 70% jay powell expected to testify at 9:00 am person odd after he said they are closely capacity if flights aren't going to china, that hurts flights going monitoring the coronavirus into those airports. >> vi to give some of these companies credit for trying to
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measure it it is going to be hard to really know we may not know for several years down the road what the outbreak >> we know there will be likely collective impact is we have to try to figure it out some effects on the united states it is too early to say and now. >> don't forget to watch the cnbc coverage. speculate. tonight at 7:00 p.m. eastern the question we'll be asking will be consistent still on deck, why investors may >> joining me now, former want to stay away from that federal reserve board governor, beyond section this morning. >> announcer: today's big number, $14 trillion sara bloom raskin. you heard mr. powell that's the total household debt i'm sure you heard him say all in the u.s of those things yesterday as we it grew in 2019 making it the are trying to square up the biggest annual increase in 12 years. impact no question it will be material. datadog has become the modern monitoring and analytics we just don't know to what
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degree >> that's right. this virus does have quite the potential to have some big knockon effects. when you think about the impact on china, there is speculation that will knock off a couple of points of gdp growth there the effects on the u.s. and on platform in the cloud age. the trading partners are also when we started datadog nine years ago, really what we have to keep an our mission was to break down silos and bring teams together. eye on nearly 9,000 of the world's most innovative companies rely you heard chairman pouille say they are looking to see whether on our platform daily to run their business and delight their own customers. they are persistent and we see a massive opportunity in the years to come, and as we celebrate today's milestone, we are even more excited about the future. material this is kind of a double whammy. congratulations datadog. we are coming out of a situation where trade has been effected by the tariff wars. we have this virus to contend with from the growth per spec is
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perspective. >> it seems we are so much more interconnected both the u.s. and china but really china and the rest of the world. the president kept up his the unparalleled landscape of park city, attacks against jay powell tweeting during the testimony or the famed peaks of whistler, saying, quote, when jerome you've faced the hassle of lugging your gear powell started his testimony through the airport. with ship skis, today, the dow was up and as he you're just a few clicks away from having your skis, spoke, it drifted down lower shipped from your doorstep to your destination. with unrivaled pricing, germany and other countries get real time tracking ship skis delivers, hassle free. paid to baro money ship ahead and go catch those first tracks on fresh snow. dollar tough on exports. ship skis. your skis. delivered. i don't think he's ever going to push from these tweets president trump pushing for these negative rates the president's criticism of powell and idea of negative
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interest rates >> the question of negative interest rates got questioned in the hearing. i thought he was ti -- articulate taking interest rates off the table making clear that wasn't a tool he talked about the use of a check of some of the forward guidance stocks on a move today you see the fed here starting to softbank's profit was nearly talk about its usual playbook wiped out with the $100 billion should it need it in terms of more accommodation i think the negative interest rate point was handled pretty vision fund. defending the performance saying the vision fund hag of the year clearly that is not something he shares jumping 12% following the will be contemplating right now. u.s. approvals of sprint merger
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with t-mobile. a lot going on there western union is reporting his use in the u.s. is not fourth quarter earnings. the company says the stronger dollar negatively impacted interested imminent. revenue. shares dpoun more than 6%. >> also citing the biggest risk sharings of bed bath&beyond, to growth, cyber crime >> the thing we worry about a down 25 pes. lot is cyber attacks saying fourth quarter sales were increased by promotion that is really the front year same-store sales dropped more where you worry. than expected. how big of an issue is that? the company is experiencing, it seems likeso many companies quote, short-term gain the ceo is just getting his feet we talk to say we get attacked under him figuring it out. every day. at some point, they are going to >> president trump giving his breakthrough maga slogan new meaning >> that's right. the volume, the complexity and yesterday. >> we have trillion dollar companies.
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microsoft, google, apple, amazon sow are growthing the financial an m, a, g and a you have maga. >> dmomts coming hours after the posture is increasing and that is a good thing. ftc launched looking into tech from a defensive posture, a lot we are back after this have a good mechanism in place in terms of they are coming. no one likes to feel stuck, boxed in, or held back. they are coming fast and especially by something like your cloud. it's a problem. but the ibm cloud is different. it's the most open and secure public cloud for business. furious. i would have probably answered that question differently. it can manage all your apps and data from anywhere. i think there are other big so it can help take on anything, risks on the horizon from rebooking flights, on the fly to restocking shelves on demand. you saw chairman powell dodging without getting in your way. on questions of climate change ♪ ♪ and other risk factors doprevagen is the number oneild mempharmacist-recommendeding? >> so much to consider thank you for being with us. memory support brand.
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you can find it in the vitamin aisle in stores everywhere. that's it for "worldwide exchange" this morning "squawk box" begins right now. prevagen. healthier brain. better life. good morning, nasdaq and s&p high protein pushing new highs. low sugar tastes great! companies now warning of supply high protein low sugar so good! high protein low sugar disruptions related to the mmmm, birthday cake! coronavirus outbreak and try pure protein delicious protein shakes >> live to the granite state for results and implications for invoeftos. the ceo describing it as short-term gain. "sy,awk box" begins right now. which of your devices are protected by daily security updates? daily security updates... good morning daily? i don't know. we are live from the marketsite the only thing...
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♪ a check on this morning's other headlines. phillip mena is in new york with the latest >> good morning, we'll tell you why that song was playing. stunning turn of events in the roger stone case william barr and top aids intervenes reversing a stiff decision after a tweet from the president called the seven-to-nine year sentence a stiff case of justice. actor suljussie smollett is facing new charges after he claimed two mask men jumped him.
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this special prosecutor said new investigations were launched attorneys have not yet responded. it looks like the rhinstone cowboy is trading in his horse for a toyota he said it would be a great prop for photo shoots no idea how you'd wash that. >> so photo worthy bedazzled. still to come, why lyft needs to get priorities in order as that stock falls more than 4% carlos ghosn storey as nissan takes a wipe
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and larry merlo on closing bell as that company prepares to share fourth quarter results more after this. ♪
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♪ ♪ don't just plan to retire. plan to live. an annuity helps cover your essential monthly expenses, so you're free to live the life you want. find out how an annuity can give you lifetime income at protectedincome.org investors prep themselves for round two. bernie sanders on top of the win
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in new hampshire the westminster dog show crowns his champion. the pup that took best in show the second half of "worldwide exchange" starts now ♪ welcome back to "worldwide exchange." i'm courtney reagan here is how stock futures are looking. the dow jones indicating a higher open to the tune of 106 points nasdaq set to add 47 points. earnings and the primary results. all of that on investor raid yars 10-year at 1.614%.
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we saw green mostly around the world. as you can see across the board in asia, the hang seng, and k e nikkei all higher. european markets open. the dax higher by 0.6% ftse 100 higher. france is higher as well a look at other top stories. rahel is here. >> the saga betwn nissan and carlos ghosn continues the automaker is seeking an initial amount of $90 million. looking to recover monetary damages inflicted by ghosn as a result of, quote, years of misconduct and activity. >> google heads to court seeking to overturn three
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european antitrust funds that total roughly $900 million and new report from the u.s. department of transfor theation systems that blasted the faa the agency says managers failed to ensure that they comply withstand ards shares of southwest lower down 1.2% in pre-market >> thank you we'll see you back later 2020 democrats are turning their attention to nevada and south carolina after senator sanders' victory. putting him near the top of the now fractured field which is now
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smaller. kayla, can you break down where things stack up after the primary. >> reporter: sanders is victorious in new hampshire after a chaotic run in iowa a week ago with 25.9% of the votes. sanders can claim victory here his support has been eroded by the entrance of south bend mayor pete buttigieg and senator amy klobuchar. buttigieg with 20% after largely being written off. klobuchar's campaign trying to figure out if she can maintain
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momentum and how >> tonight in new hampshire as everyone had counted us out even a week ago, thank you pundants i came back and we delivered >> reporter: because of the fractured field, many were surprised by the low finish of elizabeth warren and joe biden did not cross the threshold to get any delegates. biden has left new hampshire to start campaigning in south carolina on februarys not been performing well in the race but has been leaning on support from colors and latinos. we are seeing some campaigns
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suspended. andrew yang and michael bennett saying it would be the end of the road for their campaigns we have seen the race narrowed and more than a handful in the running. >> the first votes went to mayor bloomberg but i didn't hear you mention how it shook fought for him. that was more of a novel ty vote he has been spending ad money here in the state gaining traction in national polls he hasn't been spending any time in the state he may in the future -- reports he may be increasing his staff and opening an office here he has not been campaigning here at all he will appear on his first
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debate stage next week in nevada that is certainly something every campaign is preparing for. >> so interesting. thank you so much. this is going to continue to unfold for weeks and months ahead. for more on sanders' victory and what it means for you and your money, i'm joined by my ghosts both of these gentlemen are cnbc contributors jimmy, i'll start with you how do you think everything shook up last night. i understand mr. sanders won but by relatively low margins. biden has already moved on to south carolina >> we had a front runner who it turns out is really bad at running for president. i don't think joe biden has ever
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done better than number four we have a very fractured field if you were going to come up with a scenario. somebody with unlimited money to spend will jump up, maybe create a brokered convention next summer i don't know, they couldn't look much better than what is happening right now. >> talking about a fractured field, investors to make bets with their money if it is bernie sanders, you couldn't be more different from the policy >> no question i think the market has it about right. it continues to levitate
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in my estimation, you have a bottoming of global manufacturing and it looks like leading indicators are reflecting higher. if you look at earnings for example, usually guidance would have been down by 4% fundamentally, things look good, which means we'll likely lead into a recession usually when the incumbent wins, the s&p is up about 10%. if the incumbent looses, it is up about 3%. >> polls show that or suggest that bernie sanders can beat president trump. a lot of investors look at those betting markets.
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if trump should lose and you have a president sanders, we are not going to get a wedge tax unconstitutional it's an unlikely scenario and even more unlikely scenario that we go #full socialism. >> you gave some stats there about what happens when incumbent president's win or lose the s&p 500 is up as trump has been in office what would markets say about this very fractured field. i'm not convinced the market will behave the same way if the candidate is bernie sanders versus mike bloomberg.
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it could cause volatility in the near term. i've been surprised the catalyst so far whether it is coronavirus or sanders in the polls to shake the markets. you've got the top 50 names in the s&p 500, some 13% above moving average soo we've had 80% of namr the cr
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