craig melvin: that's all for this edition of dateline. i'm craig melvin. thank you for watching. [theme music playing] welcome back to "street signs. i'm julianna tatelbaum >> and i'm joumanna bercetche. these are your headlines >> beijing reports a slowdown of new coronavirus cases. adidas and puma warn of the good morning negative impact from the welcome to "street signs." i'm joumanna bercetche outbreak good signal. >> and i'm julianna tatelbaum. these are your headlines posting a profit and outlook as the stoxx 600 hits a fresh record high as beijing reports a europe's largest mobil operator looks to finally complete the slowdown of new coronavirus $26 billion t-mobile/sprint cases. merger shares of iag fly high adidas signs are lower and reporting an 80% jump. bernie sanders leads in the

primary race and michael europe's largest mobil operator bloomberg gains ground saying he looks to complete the will sell his company if elected president. sprint/t-mobile merger shares fly high in the merger group bernie sanders leads in the we are watching uk data closely. democratic primary race. michael bloomberg gains ground saying he will sell his company let me bring the numbers to you. if elected president. the number year and year has come at 1.8% versus expectations. core numbers of food, energy, alcohol and tobacco came in at good morning you can see a lot more green on minus 0.6% that is 1.6% year-and-year the board food more optimism the measure that includes the handing through the catalyst housing kpoenents has come in overnight was a drop in the

reported number of coronavirus cases. 2.7% versus 2.6% and x energy. notably yesterday after apple warned they were not going to they have come in better than meet revenue prices. expectations in terms of health prices, they it had knockon effects came in at plus 2.2% versus 1.7% we are seein green on the board stoxx 600 up more than half a in november. the biggest rise since 2018. percentage london saw a jump of 2.3% that stoxx 600 is performing quite nicely this morning. is the biggest rise on the back we'll get you back in the center of the general election effect of the screen shortly. stoxx 600 is up half a and the decisive victory percentage point let's talk individual ones surrounding the uncertainty. you can see every single one of bigger numbers on inflation and these trading in the green when it comes to health prices ftse in the green. as well. shy of the 7,500 mark. getting you to a check of the markets that have been open one stock in particular we were about one and a half hours watching yesterday, hsbc is yesterday, the stoxx 600 pulled

recovering up about 2% back as the apple profit warning made its way through markets still hasn't fully recovered we talked about the parent of this morning british airways is up. very different story from news from beijing saying they have seen a slow down now cac is up half a percentage in the number of new coronavirus point. renault got downgraded to junk cases and numbers and people that is lagging on the cac as a getting back to work in beijing. we have not heard from various corporates that they are seeing whole. that negative hit. dax up about 0.4%. adidas and puma warning about we did have a weak economic the impact on q1 sales sentiment data out of the zew. investors putting risk back on the table. so green in every major region you can see other positive here in europe moves. we are seeing a positive looking at the markets, there has been a fascinating reaction ftse mib continues to do well on divergence between the euro and the back of the italian banking stock. we are seeing the euro up about sector 10 basis points above the 1.08 we have autos down 0.1%. mark that euro has been in a free fall

insurance trading on the back. fascinating trade to continue right at the top, we have the watching the stoxx 600 hitting a fresh record high this morning sectors th sectors that have exposure to sterling is just a touch higher. china. health care performing well let's take a look at u.s. today. up 1%. futures. what does this mean for the wall turning quickly to technology stocks too street open? yesterday, tech got hit on back we are looking at gains and of the apple slashing. indicating about a 30 basis we are seeing a rebound. point rise no major moves for yesterday particularly in chip maker names they also came under pressure based in the german indices. under the apple update not fully recuperating the a bit of a mixed session, down losses but on the right about a third of a percent trajectory again >> more detail on the contained moves. coronavirus numbers. china is reporting few infections from the coronavirus outbreak the number now stands at over fresh trade data out on the 75,000 globally. hong kong has reported the expert of things second fatality related to the

virus. it has now claimed over 2,000 lives. meanwhile, some passengers have japan's machinery orders are begun disembarking the cruise expected to fall in march but the fall could be steeper. ship in japan. we have more from the nikkei the end of the virus will deal a sharp short-term blow to the according to government data china growth released, machinery orders fell if it is contained by march, the gdp should rebound by the third 2.1% and is expected to drop 5% quarter. leading into march since the forecast was based on gm confirms they are a survey carried out in december, it is unlikely to reopening the chinese factories. return expects about the coronavirus outbreak, so the drop could be far steeper. three of toyota's local plants are staffing single shifts japanese trade data showed a mercedes and other brands 2.6% decline in exports. exports from china had plunged resumed production last week as over 6% and is expected to fall well >> jaguar reported flying parts

in february. the components caused by the coronavirus outbreak out of china in suitcases. exports from the u.s. will dive they warn they may not have enough parts to maintain its uk 7.7% as shipments of cars and machinery decline. production imports were down for the ninth speak to cnbc at an event, to consecutive month. unveil a new concept car, with markets weakening, the discussing the risk to the japanese economy looks like it supply chain >> we have quite clear a risk in will have to be propped up with china but also a certain risk in public spending. europe back to you. at the very moment, we are sure >> thank you for breaking it down it seems like no country is for the next two weeks but we immune from coronavirus from an don't know how the supply chain economic perspective will work in the week three. japan's banking watchdoing why? because nobody knows how long -- watchdog is working to that production will be down or understand the impact. the government will restrict the reportedly fears that the traffic. at the very moment, we don't see country's bank could struggle if any shops in china borrowing from chinese customers nobody knows how long it will wanes. italian economy minister

take secondly, we see the potential says it is important to risk of the supply chain issues. strengthen the country's banking sector he was responding to a question >> we have commentary and numbers out of puma and adidas on the surprise of $4.9 million looking at puma in terms of the latest numbers, q4 sales came up takeover bid i want to pick your brain a little on the news coming out of 20.6% to $1.479 billion euros. they have given an update on the italian banking sector are 2020 in terms of what they it expect for sales they expect around 10% currently adjusted sales and in terms of the impact of covid-19, they said the business has been hit by covid-19. we likely to see more this year? more than half of the stores in >> sure. china are closed we think the sector is other impact of the chinese tourism business so they do see a hit to q1

sales. working on assumption that they can achieve the full-year overbanked target critically, they say those there would be more happening. targets are still achievable given regulations in market. puma shares turned positive on the obvious ones are italy and the back of these results. a different story with adidas that also came out with comment around coronavirus they say they've been 85% below spain everything i read and prior year since the chinese new analysts i speak to talk about the changing face and that there year on january 25 warning they have been experiencing a material negative is a lot of pressure applied to impact on the coronavirus on operations in china. them to losen particularly when the outbreak has led to it comes to the capital significant amount of store requirements are you optimistic we'll see a closures, traffic reduction in the remaining store fleet. loosening of regulation this that is a warning from adidas following the report we got from year >> i think we are past the apple. >> so many companies coming out tipping point. and warning about the effects we've almost had a decay

coronavirus on their bottom and a tightening of more and line let's bring in an expert voice more capital that is now stable you are moving into a return chief strategist joins us on the phase rather than a raising show to tie in what we were phase. there is one or two companies discussing apple needing the charge pushing up the short-term yesterday and saying, look, this coronavirus will have a material capital requirements impact on our economics going but ingeneral, we are beyond forward. we'll be unlikely to meet our revenue guidance for the coming quarter. when you think about it, are you working on the assumption that this quarter will be a bit of a write-off and get compensated for that or are you working on the assumption that once some of that with their decision in trading this output is lost, it is lost in europe. following what we have seen from forever. deutsche bank, what do you think >> you don't bring backing in april and drink 75 coffees of this strategy there will be some loss. is it necessary to have this particularly in the nonrenewable

sales and trading business if you are going to have a robust sectors. that's why the chinese consumer related companies will be hit banking franchise? the most this is a textbook description of a shock >> hsbc is the latest bank to assuming this will be localized in china, and it looks like so say in equities we are going to far and localized to q1, which pull back. there is more synergies between it looks like it will be we should not change the trend foreign exchange the only problem is that you it is really in london, it is actually needed earnings this like deutsche bank 2.0 year because valuation drove the they'll really support the ecm market last year you did need the earnings. from the level of high expectations, this is dealing a bit of a blow. business sort of middle market it does bring down the returns uk business. there is a lot coming out. this year. >> you did say something it has to. >> i know you have posted a you said this is a localized chinese phenomenon report around inclusion. i get that but you can't ignore almost 1.7 billion people were the supply chain effect. not included in the formal so many companies are reliant on financial system in 2017 chinese imports and man power, that is a huge number.

factories. that's the reason why we are hearing from european and u.s. if you look ahead to bring those companies saying, look, we are not going to meet your targets people into the financial because there have been factory system, do you see that charge closes in china. many out there say the biggest risk now is not the trade war or tech companies and getting but the persistent slowdown in people's identity data on board? china. >> that is a trade war is a >> totally that's a really interesting shock. question the coronavirus is a shock when we talk about european structurally speaking, if you banking, there has been too much treat them as noise. banking. the biggest signal is that, it will take years to shrink the banks when you go global, china which had been the father of global growth and fathered african, indian, there is a lot of these companies in kenya, it has not been banks each and every cycle is not going to give you a fourth that led the charge. cycle. that is why independent of the trade war or the coronavirus, yield curves are flat. it has been telco in china, it is big banks. that's why the dollar continues there is a lot to say for big to appreciate slowly by default. tech and middle income countries it is not a strong dollar environment.

that is why growth stocks that was a lot of unbanked continue to outperform value the big story with has been the stocks that is what is in the driver's growth of banking we'll forecast seat that is the longer term thesis going out to 2022, that number the coronavirus will have an will fall to a billion impact this is probably going to be the that used to be 2.5 billion. weakest global growth here q1 growth will be negative so you've got 1.5 billion people clearly, it will be negative it will be difficult for them to coming in the system in just over a decade. even print out for the year. this will be a very weak year. >> i know you've done a lot of coming at such high value levels, we should be concerned work in the cross section and structurally, other things are the challenge to dig ties going on >> to round out the conversation around the impact of the coronavirus, it has been further. i noticed a relatively fascinating to see the different metrics that seem to be coming out of the woodwork used to track not only the impact of the positivo coronavirus but also the outlook on french banks. is that a positive outlook on beginning stages of potential how you can invest on one hand recovery food delivery statistics and air

and keep cost control on the pollution. what are the key metrics investors should be watching to other? is. >> sure. that circles back to ire other understand the impact and the return >> there are economic and market systems you can look at. question the bank's ability to cities not far from wuhan is stress that. one way to stress that theme very important where we passed the worst. congestion is important. the french will benefit. coal and energy usage. property if one sector crystallizes in q4, that turned out to be chinese growth, it is property better than expected daily sales in property -- and finally, the french banks have made a push into digital thus far, we are seeing a slower return so the outlook is being dimmed probably in the latter half in you can't say this is going to impact trend terms of digital but they are at a different time of trying to catch on fast. valuations >> thank you market wise, you should be the head of bank sector research looking at macao gaming stocks at citi.

tesla is back in the if that comes back, that sits at the intersection and should come spotlight. shar shares jumped over 7% after back >> if you should put the shape bernstein and morgan stanley on the type of recovery. a lot of talk about this upgraded their targets v-shaped recovery. saying investors believe the company can sustain >> we are not even sure about profitability. that is key for that company the first part of that v or how as always, you can follow us on deep it will be. twitter if you want to weigh in i this it will trough and then on tesla or the banking sector interesting thoughts there from see a sharp recovery you won't see it coming back all the way. there is going to be some citi you can tweet us directly. permanent loss coming up, investors will >> we'll pick up the conversationing in our next look for clues coming out of the fed minutes later today. chat chief strategist from ubs. we'll give you a preview of what i want to bring you some to expect in a few moments comments from mark carney, [ indistinct talking ] currently addressing the european parliament. so far, it looks as though most of his comments have been

surrounding climate. no surprise there. he is a big activist on that a new kind of investor is changing things up. front. his next role will be taking up an advisory role for the with an app that's changing the way we do money. conference later this year to deal with climate change other comments he's saying, it download robinhood now. is absolutely clear that brexit has hurt productivity growth he says central banks are watching coronavirus closely will act if needed no doubt getting a lot of questions about the environment. not just because of brexit but on the back of the coronavirus as well. if anything comes out of that, we'll let you know as well switching to corporate news, campari posts rise in sales.

ceo explained the impact of the coronavirus outbreak on their asian business >> china weighs about 1% of our global sales and retail another 3% to 4% we are relatively little exposed. it will have an impact on some of the plans we have this year can we go get some ice cream? we strongly believe in our alright, we gotta stop here first. opportunities in asia and our brand in china we were due to kick off a very from smarter atms, to after hours video tellers important research in february ♪ ♪ comcast business is connecting thousands of banks to technology with real life in market tests we'll have to postpone this and that turns everyday transactions into extraordinary experiences. probably start at the beginning hi there. how are you? of the second half. do you have any lollipops in there? (laughing) no, sorry. >> and yet another company we're helping all kinds of businesses warning about the impact of go beyond customer expectations. coronavirus. if you want with to get how can we help you? involved, tweet us at "street signs" cnbc. we'll be right back in just a couple of minutes. ♪

♪ ♪ welcome back to "street signs. the world's biggest retailer walmart says it expects sales growth to slow this year ♪ on the holid

on the slowest rate in almost two years. toy and other sectors unexpectedly weak. ceo said the group continues to monitor coronavirus. warning the company could take a hit in china in the first half of the year. >> it is too difficult to tell this early how to forecast it. what we share is, we go to the priorities we have first which is our associates and customers which of your devices are protected by daily security updates? on the ground in china daily security updates... all of our stores are open and daily? i don't know. the only thing... operating, majority of cases are i'm struggling with this. some providers you have to manually download updates to each device. comcast business securityedge updates every 10 minutes on fewer hours the focus has shifted to food to help keep your connected devices protected against new ransomware, malware and phishing threats. and consumables. every 10 minutes feels pretty good. we've seen delivery into homes get secure, reliable internet and voice for an amazing price. and apartments grow. it was almost triple digit last call today. comcast business. beyond fast. year a huge amount of growth as it

relates to delivery. shipping and product coming out of china is an issue in u.s., about two-thirds of what we sell is made in the u.s. the other third isn't all from china. we've been acting to offset things we might otherwise feel pressure from. because of what is happening on the ground in china, the chinese business, not the rest of the world. we do expect to have some impact in other surprising news, president trump has issued a pardon for finance year michael milken he served 22 months of a 10-year sentence supporters of his pardon pointed to his philanthropic work especially cancer research

welcome back to "street elizabeth warren hit out saying they should be used to, quote, signs. deutsche telecom has raised grant mercy to the powerless not outlook but also said core used for the powerful. earnings group will slow as 5g and michael bloomberg will get the opportunity to stand at the costs ramp up. podium next to his rivals. he has qualified for tonight's we'll speak to the deutsche ceo debate in las vegas. we have the latest >> reporter: tomorrow night in later on cnbc. las vegas, michael bloomberg hoping the odds will be in his favor as he makes his debate moody calls renault revenue. debut. our new nbc news wall street journal poll which shows bernie sanders the front runner plans to undergo a $2 billion nationwide at 27%. joe biden, second at 15% bloomberg in third place tied restructuring program. qatar airways taking total with senator elizabeth warren at 14%, followed by former south holdings to 25.1%. bend, indiania mayor pete buttigieg and amy klobuchar. they've steadily been increasing since the first investment in

he has been blasted for spending 2015 the european commission will millions of his own money. today release the white paper outlating proposal for data and the controversial police tack artificial intelligence. let's get out to silvia. tack of new york stop and frisk, can you give us more clues as he apologized. >> you are not going to win when you have a record in new york what to expect what are going to be the city that included racist policies like stop and frisk foundations of the paper that people should be watching out for going forward? >> calle >> reporter: what do you think he'll have to answer for >> i think mostly for his what will be the data strategy language >> seeing the candidates against let's not forget this is a big important area for the eu. president trump head-to-high i have to share this interesting his approval rating at 47% paper i found overnight. according to this think tank the high eflt evest ever in ourl

the central bank opted to four firms capture about a keep rates unchanged last month quarter of the u.s. market there is a lot of work that the eu needs to do in order to but the coronavirus outbreak has support the companies in the ai spread rapidly space. jerome powell said, quote, the let's see how they will react from these efforts bank is closely monitoring the let's not forget what happened risk adding that for now the back in 2018 when this u.s. economy is in a very good commission announced the rules from this privacy laws they serve as regulations from around the world the same could happen in the coming months when it comes to ai the big tech firms have a lot of investment this could be the next point of contention between regulators and the big tech giants. place. looking beyond that and eventually getting better? >> those are the clues we'll be looking for. >> it seems like the regulation you have to remember, this was a is to keep up here few weeks ago. some businesses are going dutch because of brexit.

twice as many companies moved their operations in 2019 we are going to be looking for compared to a year earlier clues in this meeting and the taking the total number to 140 since 2016 next one we know we are having the move could bring in almost the greater impact 400million euros of investment it is having the macroeconomic and create almost 4,200 jobs impact we just don't know how much yet good for the dutch and how much it will alter its striking a canada-style trade deal with the block. outlook. there is belief. comes after calling for an we heard that because of some of the trade tensions had been agreement similar to the one scaled back, perhaps business created with ottawa. investment may recover as well saying any potential deal could not follow the agreements they he cited this as a weakness. had with canada. still not as strong as it could be with hopes that businesses will get back and put more money in support of growth going let's talk european markets. the euro has been in free fall forward. >> thank you for that preview.

let's put this aside what is going on, how do you with bloomberg's rise. he's just surged in the polls. explain this first off >> the market here is liquidity. opting not to take part in early primaries but focused on the super tuesday states that will every shock will be accommodated be voting. what do you think of this by global policymakers strategy and precedent it sets since he's effectively thrown hundreds of millions of dollars at this race and it is paying off? >> it is i think that is helping global when you think about strategy, you think about choices you have to make. mayor bloomberg has the stocks the market goes to high carry resources -- he doesn't need to make choices at all. he's putting a lot of money into trades the euro is suffering because of the low-ball digital and commercial he is really the only candidate environment. it is still 1% out of that has the means to do that. we wonder whether it is a distribution the other end is industrial precedent. i don't know who else out there

has the means to spend this much metals they don't seem to be able to money on a campaign. come back. oil prices, copper prices come all elections come down to off a long way and aren't able choizs between people. he's going to get that opportunity in a debate. to come back that anchor seems reasonably so far, his investments have strong >> i'm hearing murmurs that resulted in him achieving enough perhaps lagard will sneak in national support you can bet the knives will be out for him in that debate where cuts if anything, they have they'll try to attack that changed quite a lot. record even his fans say he's not a they are going to wait and great retail politician. the dynamics of this primary watch. really interesting right now no doubt core inflation hasn't with this set of candidates. gone anywhere. >> more broadly speaking, they that is going up are going through some sort of no doult germany remains very an identity crisis

weak they are completely different. this is not a time for the ecb you have a super progressive left calling for an overhaul of to normalize and they are doing the system the negative rates much more you have bloomberg at the carefully. >> we'll leave it there. center thank you for joining us do you see this as some form of the chief strategist from ubs. inflection point of where it stay with us we'll be talking japan wants to be and the values going japan may also be headed for recession as the coronavirus threatens to disrupt the forward? >> it does i think both parties economy. we'll be back in a few moments what happens with both, more so [♪] in the united states because we have a real two-party system and there isn't really room for other parties. you have to have a big tent. we saw that in the republican primary in 2016. there is still some tension in the republican party in terms of where it is on issues. we are seeing it develop too there is a progressive wing, a

centrist wing. the centrist believe and are probably right that they have a chance to win this election. if the democrats pull too far to the left with a sanders, you have to remember, has run as a socialist, not a democrat. they'll have a hard time winning. it is a thing. you are right. >> we have to end it there thank you for your thoughts. that's it for our show thank you for watching

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it is 5:00 at cnbc here is your "five@5." stocks are looking to rebound after the dow notched the third losing day in a row yesterday. markets getting a little relief here as the number of cases of coronavirus appear to be slowing down we are live with the latest details. new safety concerns from boeings