it is 5:00 here is your "five@5." retreating from records. over fears from the coronavirus loom the number affected and the death toll seeing a sharp surge overnight. we'll have a live report in a moment the debate continues over bernie sanders and front-runner status what it could mean ranking the world's top brands according to how you feel about them and the fried chicken wars

reach a whole new level of a different kind thursday, february 13, 2020. "worldwide exchange" begins right now. >> good morning and welcome. i'm courtney in for brian sullivan the dow jones lower more than 200 points, s&p 500 lore to the tune of 24 points ant the nasdaq dak is under pressure by 84 points the bond market seen as more of the reticense.

we also saw red. the hang seng is down. europe also seeing losses in early trade. germany lower and ftse 100 off and france is lower by 0.8%. let's go to china now where that country is reporting a massive spike of the coronavirus overnight after the initial count was believed to be slowing. rahel is here with the latest. >> that's right, confirming more than 15,000 new cases of the coronavirus now being called covid-19 the number of people affected surges to 60,000 worldwide

the method for diagnosing coronavirus has not been changed in any chinese provinces except for where they are contributing to the massive spike foxconn pushing back on reports that they planned, quote, reuters reports are not factual adding that reports have caused misunderstanding to employees and general public so quite a different story we discussed yesterday when we thought cases were slowing or plateauing >> so the market once again worried. we went from worried to okay and now worried again.

we'll go back to the markets now as we mentioned are pulling back because investors are continuing to focus on the conditions earnings and speeches from several fed officials. bringing in rob morgan it is great to see you let's talk about the downward pressure here. the dow lower to the tune of 200 points it seems to me that we don't yet have these numbers that this is all coronavirus. we are worried good now? >> this is reminiscent last year of the way the trade war wound down we kind of started the year last year thinking we were going to end up at a phase one resolution which we ultimately did.

along the way, we had some bumps and some issues in resolving that every time we did, the market would drop substantially this isn't going to last a year. we are going to get through the coronavirus. no doubt about it. china was saying that things were looking pretty good on a good trend and then, boom, we get this report that cases are up dramatically. so, yes, as you pointed out, all three major indices hit record highs. markets are looking for an excuse to pull back. this is a good excuse. >> an excuse we've heard that before. i want to get your take on goldman sach ceo david solomon weighing in on the bernie sanders impact take a listen to this. >> look at the markets

the markets at the moment don't care about any of this it is too early. too early to have an impact on the markets. there is a huge difference between campaigning platforms, rhetoric and getting elected, becoming the president and having the right mix of who is in the congress. the markets are sending you significant that this is all very interesting but not something we are spending a lot of time worried about. >> this follows comments from the treasury secretary that a sanders win could wreck the u.s. economy. where do you stand is it too err will i to worry about it or will it not wreck the economy? >> i guess i saw or heard a couple of things from david i would agree with

it is too early for the markets to worry about any of this the second point made here is that whoever does win the democratic nomination whether sanders or somebody else, they will have to come to the center some what. i guess my bottom line now is the market is really uneven thuzed about incorporating any of this i wouldn't agree with the statement that a sanders win would wreck the economy. >> okay. perhaps an opportunity if you think things will not remain depressed. if you are an investor, you've got money to put to work what would you be doing here >> i'm a buy on the dips person.

i continue to like stocks here even though they hit record highs. earnings growth last year is pretty terrible. i think we'll see earnings growth approaching double digits at least 9% or 10% getting there. i think the next move will be to cut rates. that will push the dollar a little bit i'd overweight the stocks as well as the international space. you can see the sectors i like and would underweight as well within the s&p 500 >> rob morgan. it is great to see you when we come back, airbus putting the squeeze on boeing as

the 737 max crisis drags on. a live report from london. another casualty of the global trade war. why shares of cisco are said to shrink >> bracing for baba, what the coronavirus could mean for the giant. more when we come back ♪ 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

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welcome back you are seeing futures under pressure this morning.

we are losing steam here the dow indicated lower than more than 240 points in the meantime, airbus continues to keep the pressure on boeing after reporting results this morning charlotte joins us from london >> good morning. slightly disappointing results here for airbus. we are looking at 2020 that delivery in the target was above 880. more about how airbus is trying to position itself in order to respond to the boeing 737 max crisis trying to position the bigger offer. when we cut production in the

wider body planes and increase slowly from 63 a month to 66 by 2023 they announced that they bought a stake in the a 220 program from bombardier that took a stake in 2018. they want to ramp up the venture there. bombardier didn't really have the cash to boost the production there. airbus bought that take. they now own 75% of that and will be able to boost production they have a narrow bodied segment where this operates. airbus will try to build up a littlity it takes a long time to steer the ship they have an eight-year backlog and they are trying to position themselves for the future. >> shares here under pressure.

presumably investors wanted more than they were given this takes a really long time to turn things around because of the crisis with boeing where you have an eight-year back log. this is put in place and they want to look conservative and realistic in delivery and targets. they had a lot of issue and delays in the assembly plant on the back of the coronavirus virus crisis they have about six month behind on the i 320 program they said they will catch up on this in 12 to 18 months. they want to address all of these before they can ramp up. as the market is growing with more and more asian customers. >> a lot offism pact here.

still on deck, ranking the world's top brands according to how you feel about them. that's coming up when "worldwide exchange" returns. today's big number $6.3 billion that's how much market cap micron gained this year. shares have jumped over 10% in 2020 hitting an all-time high yesterday. blocking the pd-l1 protein, lets the immune system attack, attack, attack cancer. pd-l1 transformed, revolutionized, immunotherapy. pd-l1 saved my life. saved my life. saved my life. what we do here at dana-faber, changes lives everywhere. everywhere. everywhere. everywhere. everywhere. but shouldn't somebody this is be listening?pression.

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chicago looks beautiful in the snow let's get a check on the stocks. beat forecasts and expecting revenue to drop 3.5% this quarter. customers are taking longer to make decisions in spending the muted outlook doesn't apply to disruptions from the coronavirus outbreak shares are down about 5% mga resort ceo is stepping down. murren has led the company since 2008 mga is sayings it difficult to gauge the impact of the

coronavirus. tripadvisor revenue fell but roughly in line with revenue forecasts. still to come, the roller coaster ride that is tesla rolls on they make a new production push in china stocks extending in thmaete rk stocks extending more thann. yes. the first word to any adventure.

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let's get a check on other headlines with phillip mena. >> attorney general william barr has agreed to testify before the house on march 31. democrats plan to ask questions about the doj's decision to overrule career prosecutors and impose a sentence to roger stone who was found guilty of lying to congress and obstructing the russia investigation president trump criticized the initial sentence as unfair but insists he did not interfere with the prosecution a possible compromise in place for new yorkers in a

clash. last week, homeland security barred new yorkers from using a law that limits access to records. if you've got a romantic dinner lined up. steer clear on these items garlic is ranked as worse date foods, messi barbecue and onions garlic fries in the top 10 along with jellied eels in seventh place. >> that sounds like a slippery gross thing to eat on a date anyways. i don't know why we needed a survey on that >> you want to make a move, keep it light

>> i like that thank you so much. when we come back, futures are extending losses at new coronavirus fears hit wall street a report from beijing coming up as the dow jones is out and what this outbreak could mean for alibaba as it reaps to report results. carlise group weighs in on bernie sanders and what a 2020 win for the self-proclaimed socialist could mean for the markets. make fitness routine with pure protein.

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stocks pulling back. worries stem from a spike in the number of new cases. live in beijing with the latest. one company heavily exposed is alibaba. we are previewing those numbers. the second half of "worldwide exchange" starts right now ♪ >> welcome back. i'm courtney reagan in this morning for brian sullivan here is how your money and investments look the dow jones down 180 points. that is off the lows we have seen s&p 500 down by 21 nasdaq set to open lower by 75

points let's look at the bond market. the yield is back below 1.6% two-year note is below 1.5%. the japanese nikkei down but the shanghai composite she had 1.0%. hang seng down european markets open and trading lower. the ftse 100 down at 1.3%. france and germany down at 0.8% and 0.7% rahel solomon is with us

>> let's talk about tesla. the company is planning to build a heavier version of the vehicle made in china. while the documents don't exactly specify the driving range. the weight is similar to the long-range rear wheel drive they currently import from the u.s. tesla is currently recalling 15,000 cars in north america for a problem that could link to power steering that could lead to a crash >> meanwhile, barclays ceo is looking into relationship with jeffery especially teen. adding that stayly told the bank he had no contact with epstein after becoming ceo back in 2015. the criticism over bernie

sanders becoming the apparent front runner among democrats continues yesterday. the cofounder and executive chairman weighed in on the impact of a potential bernie sanders win and what it could have on the markets, take a listen >> i don't think sanders is seen as somebody likely to be president of the united states right now, you have a situation where whatever you think of donald trump positive or negative, he has an economy going well for him >> this comes after comments that a sanders win in 2020 could wreck a u.s. economy a lot has to happen before >> we have to have a lot of things shake out and have a lot

of things happen you have to have a house and a sflat let things get done. to china now where the company is reporting massive new count of cases eunice yoon is in beijing live this morning >> the number of cases has jumped, surpassed 60,000 with more than 1,300 dead this jump is due to the new way that the epicenter confirms new cases. first group is verified with a test kit and a second group is described as clinically diagnosed is confirmed only with with with a cat scan likely because of the lack of testing

ability. this aims to help patients get quarantined or treated faster. some think china changed this method in order to obscure the numbers. people who don't show symptoms are not counted as confirmed cases. either way, china wants to show it is handling the situation today, it sacked two local officials in the outbreak zone >> interesting stuff also following news that foxconn is pushing back on earlier repor reports that it plans to reopen by the end of the month. they say the industry needs to return to work as soon as possible what is going on here? what do we know? >> a lot of good questions and questions people here are asking as well. with foxconn, they have been

pushing back on recent reuter's reports. they said they were not factual. the company didn't say which part was correct recently, reuters reported that the company had gotten a green light to reopen two plants even though they only had 10% of the work force in place as of monday also another report which suggested that foxconn had planned to resume half of its production by the end of the month. we don't know which parts are connect. separately, the founder was speak from the heart whether he said that he believed that production should resume and the industry needed to rally he is a native of the province and went to university in wuhan. for him, this is person.

there have been plenty of estimates that the industry could see a lot of trouble in the first quarter. analysts believe smartphone shipments could fall by as much as 40% because of the supply chain disruption and lack of confidence when it comes to consumers wanting to buy things. >> a lot of things to with this story. chinese e commerce giant alibaba remains exposed to any economic shock that company reports results later this morning shares are lower right now about 1% arjun has more for us this morning. >> the market will be looking at the december quarter those areas are likely called commerce and cloud ommuting,

which are expected to show a jump what they want to know on the impact let me break down the company's expo exposure it relies on drivers and logistics to deliver packages. it relies on strong consumer spending we don't know the impact but likely to take a hit as well those are the areas, no doubt, the market will look at. there could be positives for alibaba that as people return to work or are working from home, they'll rely on on line platforms. they've put in measures like waiving fees and offering low-interest loans that could have an impact.

alibaba has enough cash on hand and there is less than 1% hit. it could impact the platform positively over the income bringing new merchants on board. it does face near term head winds with what kind of spending will impact customers. the long-term story remains in tact >> canada goose pointed out that not only are they struggling in physical retail store locations and t mall e commerce has taken a hit if folks can't leave their house, would they be shopping on line you bring up good points about companies being able to fulfill the order with the product and delivery itself. i would ask you now about this quarter, always looking ahead in

these earning reports, when you look ahead, what are some of the risks, you should be weighing? >> good question we don't know the impact or how long it will last. you've got intensifying competition. the likes of jd and others vieing for a share not just in big cities but smaller cities that has become intense as well. that could be a challenge as it comes up against the likes of amazon and the cloud if we look at the china story with a lot of bullishness as

well trying to bring different areas from payments to delivery so that it is able to touch every part of the consumer's life. they still feel cloud computing is very strong as well that is a large part of the story going forward. >> shares down 1.6%. coming up just in time, a match made in footwear heaven. the team up between kfc and crocs. coinngntui coverage when "worldwide exchange" comes right back ♪

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let's take a look at the futures. dow jones pointing lower to the tune of 209 points now as we are worried about that coronavirus with some new numbers out of china overnight. airbus releasing 2019 full year results. reporting a loss of 1.5 billion. revenues rose to more than $76 billion. plane maker reporting 863 aircraft deliveries for the year coming as airbus overtakes boeing for the first time in nearly a decade amid battles over the 737 max planes.

to our guest, ben from merle lynch. it is interesting when we talk about airbus overtaking boeing but as i understand, there is an eight-year backlog i understa i understand this is not something that they can turn on a dime and effectively boeing is left out of the market can you hear us? >> yes sorry. in terms of the question relative to boeing you are right, there is an eight-year backlog, production is full for 2023, 2024 you will see some of those longer term benefits we came into 2019 with 56% market share

we left 2019 with a 58% market share. longer term, you'll see those benefits. >> i understand airbus increased its stake. does that make a difference when you talk about the market share bodies you will go after >> when you look at the a 220 program and where bombardier is positioned that is the lower end of the market looking at the lower end where that really competes is the 319. it is extremely complimentary and does factor into that

return that deal today is clearly positive it is a great platform if you speak to customers, they really like the plane. it is a good deal. >> when you look at the market, is it a zero plus gain if you are an investor and looking at buying shares, how do you square up the two? >> i think looking at the markets is important you have the short hallmark et better product and supply today and where they are coming into

pressure today, we saw the a 320 this year, around 40. in those full results we saw in q 3. wide bodied are weak that is around managing and making sure we have production set at a level where we can sustain that production a lot of the push is on the narrow body they have the line share of the market 58% share and importantly as well, the a 321 has been the real winner over the last five years in terms of the market that larger, longer range. i think that surprised everybody in how popular it has been

the launch of the a 320 has been excellent success. since it was launched at the paris air show last year boeg doesn't have a competitive market averaging 80% market share if you are looking at the a 321 one of those things boeing was considering doing is the midmarket aircraft where we heard they were pulling back to the drawing board. >> thank you very much talking about wellness results here >> about 40 miles from the tampa shore line, you'll find an experiment in real estate.

a fully filtered water from crystal lagoon is making a push into the u.s we have more >> the lagoon was the first to open in 2018 they are expanding the water mark five with five communities opening in two states and others set to open. the company is quick to argue it is not just a bigger swimming pool we use 100 times fewer chemicals and fewer energy 16 million gallons of water constantly filtered, and the water level can be lowered in the midst of a storm dennis and his wife moved here

and his daughter followed. >> we love the beach but schools aren't the greatest and it is too expensive. >> it has developed a tremendous amount of buzz traffic wise, we see about 80 to 100 people a month against a typical community in tampa, that is higher than what we would see >> they sell homes at about a 9% premium because of the lagoon. >> in florida, everybody asks what about the alligators. the water is so clear and highly monitored, they were able to detect it and get it out >> i'm not joking, alligators is one of my rest fears i got to get off that topic.

the package you were talking about. you don't need flood insurance is there a climate hedge here? >> certainly you can live right by a beach and not have any of the worries. >> that is fascinating that lagoon looked quite lovely. let's find out what else you will be talking about today. rahel solomon is back. >> a study finds amazon is winning over consumer hearts ranked number one in brand inter intimacy study looking at emotional bonds with disney,

aprilin apple, ford, and jeep. >> interesting, no social media companies. >> overriding the positive feeling. amazon just makes many people's lives more convenient. >> isn't that jeff bezos's thing? >> here you go >> don't know if this is going to be a win with consumers kfc releasing a pair of crocs. the top style looking like a piece of chicken and the soles look like a chicken bucket

priced at $60 and will be available in the spring. they have normal and then the platform for your more stylish croc lover >> this is funny it is getting people talking croc the charms are called giblets. there is a team that made these and made a boat load of money. >> moves you need to make in the day. dow jones pointing to a lower open to the tune of 187 points

nasdaq off by 183. >> "worldwide exchange" is 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! get started with internet

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time for executive recap berkshire leader warning of lots of trouble coming as a result of wrecked access specifically citing venture capitalists backing giants where investors love to gamble in stocks and he called that, quote, really stupid saying much of the concerns

surproupding amazon's dominance is overblown speaking of amazon, jeff bezos is shelling out a record $165 million for his new home snatching up the warner estate in los angeles featuri featuri featuring spraling gardens, guest homes and a golf course. another rocky day taking shape the dow jones industrial average is indicated to the dune of lower than 190 more on the trading day ahead,

philip, thank you for joining us looks like we are a bit concerned about the coronavirus. now we are worried on some of these new companies. what do you think? this is an excuse to take some money off the table. >> i think investors will be caught off guard that sharp reaction being lower. i think investors will step back and look at the expectations in the commodities. the best out there year to date. palladium with a ton of exposure you might see prices take a step back sugar and cocoa are real supply

threats. those have the most exposure to china. coffee down, soybeans. remember, we have the phase one trade agreement deal in place. they are not going to be able to live up to those expectations. we should see any of those commodities really come off the board. the other two i'm looking at, copper, those prices will slide will we are going to have a sector rotation as far as the down side, equities have been a shining star for president trump and his reelection everyone's 401 k is doing fantastic. i think there is limited down side the fed will probably step in if

things get out of hand >> and there could be a selloff amid the quarter >> there has been a dramatic move higher. 250 off really isn't that much it would be healthy and a great correction sitting on the sidelines, i wouldn't be shocked at all if we come out and make new contract highs. people have been waiting to buy these pull backs you do have to rotate out and get a little safety. no coincidence to that gold and silver pushing up. ironic that gold is rising with the u.s. dollar. people are rotating quietly under the table into some safety, not a risk asset >> interesting stuff we'll see the market ahead

futures are indicating a lower open thank you for helping us square it all up. looking at the futures here going into the market open later today, we are indicated lower about 200 points, nasdaq lower by 79, s&p 500 down by 22. that'st for "worldwide exchange." "squawk box" begins right now. good mornings surging. they begin using a faster method to diagnose the virus. hopefully, it is just more diagnosis. >> the number of deaths are up at the same time too new this morning, barclays are investigating ceo ties with jeffery epstein.

and the manson jeff bezos is buying in l.a. for $165 million from david geffin. it is thursday, february 13, 2020 "squawk box" begins right now. good morning i'm becky quick along with joe and andrew ross sorkin averages closed at record low levels dow futures indicated down almost 200 points. s&p down as well as we are seeing the number of coronavirus cases increasedr