facebook is considering taking steps to make it clear that people posing messages of support are paid employees they recommend campaign employees to make their relationship clear on their accounts rules on internet disclaimers haven't been updated since tuition. >> yeah, they are begging for regulators to help them sort out these issues thanks very much that does it for the exchange, everyone i'll see you on "power lunch." >> yes, you will and we will see you on "power lunch" in just a moment i'm tyler mathisen and welcome to "power lunch. here's what's new at 2:00. coronavirus fears spooking wall street as the number of cases in south korea and china tick up. stocks are falling treasury yields sinking. record lows. is the move signalling a more fwra greater amount of market pain? plus, it is momentum stocks that are going to need. we'll explain why the resurgence

of the retail trader, the little guy, could be causing more volatility in the market and talk about getting real. one top angel says the beaten down resale retailer, the real real, could be about to make a comeback. he'll be here to explain why he's so bullish. "power lunch" starts right now >> stocks are selling off. right now, the dow down b about 300 points nasdaq down nearly 2%. major indices on track for their worst week in february take a look at gold. lots of eyeballs on this one today. the precious metal is on a wild ride up 8% already this year and near ly 2% today. 16.49. >> the defensive tone is evident

in today's market. those momentum names that trade is is unwind names like b facebook and amazon down around 2% the semiconductor stocks are also getting hurt today. new lows for a basket of energy stocks including exxon, marathon oil and noble energy a political unrest in libya easing there afore oil is given back some gains, plus energy estimates for the first quarter continue to fall what's working for the market deere. strong earnings, conservative guidance, but the ceo says former confidence has improved that's enough for the stock to hit a new record high. >> the 30 year bold yield touching an all time low and are rick santelli is tracking the action for us at the cme hi, rick >> yes, tyler, and 30-year bonds are still below that low and that's the key issue there now let's go to the white board because there's something important going on here. if you look at one week of ten year note yields, we were closed

on monday. 158 was the high but since we closed last week at 159, we're now at 146, we're down 13. but look at boone deals. obviously they were open on monday they close d at minus 43 today. minus 40 last week only down three, which means the difference between tens and boons has narrowed to the narrowest level since the fall of 2017. finally, to the charts on the screen if you look at a july chart for ten-year note yields, you see why 145 is so important. it's the low for the cycle establish ed in early september. right now, we're a little above that i can't stress how important that closes on a week, which side of it 30-year bonds, that ship seems to have sailed 195 is that point at the end of august did you see on the chart, but right now, 191 it really doesn't look like it's going to be as chose as tens and finally, the dollar index. after having 12 of 14 up sessions, today is a big down session. down over o half a cent, but it's still actually up a little bit on the week.

tile leh back to you. >>. >> thank you very much larry kudlow saying don't panic about today's selloff. >> i just think in general, i would be very careful to put too much emphasis on what bond rates are doing or interest rates or doing or even in the short, short run, the stock market. i think you've got a lot of mood swings here and i don't think it reflects the fundamentals. >> so what are the latest monday moves signalling let's bring in scott clemens also with us is ron insana, senior adviser to schroeder's north america. a cnbc senior analyst. welcome. scott, is larry roight should we not be worried about what's happening in the stock market >> i think he's mostly right i grew up as a equity guy on wall street but developed a healthy respect for the bond market

the fact of the matter is you rarely need an optimistic bond trader so the bond market always is a glass half efforty type thing. i think it's sending us signals it's an economic slope because of covid-19 or something else remains to be seen. we think the it's a short-term patch of weakness. we'll move out of this >> ron, the same question. is larry right are we wrong to overestimate what the bond market is saying but as scott just mentioneded, we are in the middle now of apparently more blossoming cases of this and you look at some of the economic impacts of that and it seems to me that the first quarter and maybe the second, the numbers are going to take a hit. >> well i think that's really important. i think this is now going to be a first half of the year event that's disrupting the supply chains coming from china and most of asia now south korea, taiwan, you know, japan contracted even without the impact of the coronavirus by

more than 6% in its fourth quarter. that was because the national sales tax put in place i want to split hlarry's comments, number one, no, you should never panic if you're long-term investor with a disciplined program. two, i think you might be underestimating what the bond market is telling us simply because it's not just the bond market. utilities are up 8% for the year as a group gold is surging. bond rates are down. the yield curve has inverted again, ten years to three months, so i think you're getting more powerful signals from defensive sectors of the market that would suggest this might linger for a period longer than we'd anticipated and two, the global economy itself might not be in the midst of that rebound that was taking place a few short weeks ago. >> scott, talk to me about what ron just identified there. it's not just the bond market. it's other sectors that have been doing well. that's number one. number two, we were talking in

our pod earlier, there are a will the lot of businesses cutting prices and giving away stuff basically. look at the financial services business look at what's happening in streaming. the prices are coming down this may suggest businesses in the last gasps for air of an economic cycle >> it could be, but i think there's a secular trend here as well and i think people will earn pafs trying to understand why over past ten years with monetary policy as easy as it's been, there's no great ee eer inflationary pressure. >> stagnate. i guess there's already a word for that but i think a lot of this has to be in the yet fully understood dynamic of technology and how it brings down not only the price of goods and services, but the price of delivering. it's difficult to measure, p

particularly when it's tech lodge kachlt but it's there and real >> good point. >> ron, what would you argue >> i would argue that same point, plus two other factors. so you have deflation then you have especially sodic deflation. when you get these crises over time, they tend to disrupt what had been b the inflation picture. i think broken the phillips curve that low unemployment produces higher inflation. i think that's a broken relationship and for not just the reason that was stated, but for other reasons, this is a c secular phenomenon and it does leave policymakers in a bit of a lurch because as layla said earlier in the week, at the next

recession, they have to get very aggressive >> the only thing about that there's another way to look at it which is this is just a drawn out cycle. the rate doesn't capture the fact we are still bringing people into the labor market so it's not that the curve is broken we haven't gotten to the point that's generated higher wage gains. there were a ton of regular laces piled on the economies and as they've started to come off under trump here, other presidents elsewhere, that's generating a lift in growth, but you don't have the imf out there calling for deregulation >> but the one thing i'd argue, kelly, i saw your guest previously from the council of economic advisers, the notion this economy is different than the one before, job growth in the first three years of the trump administration is slower on a monthly basis than in obama years. gdp is roughly the same. because of the demographic issues, you're not getting a massive return of people into the labor force the participation rate has remained somewhat stag nat

immigration as mick mulvaney may have hinted, is extremely important. we have to grow the size of the population to increase gdp growth so i think there are a lot of things going on. in the shorter term, however, this coronavirus weakness in japan and disruptions in production are going to be a six to nine month event that's going to force efb to lower their gdp estimates and possibly their earnings and this hiccup we're seeing in the financial markets. >> that's an interesting point let me conclude with you, scott, if i might what would it mean, the united states optimism is at an all time high. never, ever been higher. what would it mean to the united states economy and to the global economy if china's economy has a zero growth rate in the first quarter in the first half? >> zero. >> not much is the qualitative answer >> quantitatively, we figure it's 0.1 to 0 tnt 2.

if we're wrok, here's how. i think people are so positive because they look at their own paychecks and job security but they're still going out to dinner the movies, the mall if god forbid when covid hits here in greater strength and people stop doing that, that's when the impact on the u.s. economy is much bigger we're a very domestic economy. >> we are. scott, thanks. good to be with you. ron, thank you as well >> thank you coming up, momentum names including tesla, virgin galactic are taking a breather. are those in jeopardy? we'll discuss. plus, one stock bucking the trend is the real real it's rohrecovered from recent l d ttg gred 'ltalk to the analyst who made that call next on "power lunch. worked like that. well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect

the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life.

the real real is bucking the trend for the resale retailer. a cnbc investigation back in november said that not every luxury item was actually authenticated. since then, the stock is down b about 30%. the company has been fighting changes to fight back against fakes on the website joining us is aaron kessler, senior vice president of equity research at raymond james. why are you so positive on the realreal now. >> trends have been positive since the ipo. you've seen gmv growth 40% plus. nice improvements in operating

15 points of operating leverage improvement last quarter and at the time of the ipo, we thought the stock was. it's been down b about 30%, but we think around four times enterprise value to gross profit multiple, below the industry marketplace averager on five times. we think it has come down at a point where we could start buying at these levels we think valuation is comeing about 30%! the stock's around 16.50 right now. the average price is 25. you're at 21 that's a decent amount of upside, but how big can this company get? how profitable do you think over time >> still a long run when we look at the resale markets. real just getting started. if you look at the size of the luxury market, you have roughly 90 billion per year sold in the u.s. there's been a study, about $200 billion could be available for resale over the next five years.

if you look at that, about $40 billion of resale. the real real is the number one player in the space and they'll do about $1 billion this year. so about 2.5% of the market being sold to the realreal we think they could become a much larger player >> can you trust the merchandise? >> it's been a question. we got a few questions from investors on that point. there's some data the companies put out in october that suggest there's about 500,000 items they processed. of those, about 20 were return ed any commerce category, you're going to have some fakes the return rate is less thap .1% we've had pretty good, if you look at other sites in industry in terms of potentially fraud, but we think they're best in class in terms of isdentifying fraudulent items >> to that point, you responded by improving the processes somewhat, maybe hiring more people

reminds me of the fang companies, hasn't stopped those stocks to be sure, but could higher expenses be a hurdle for the realreal over time >> it's always a risk, but we think what they are doing is starting to automate some of the functions like copy writing. they've had them do some identification with the fraud detection and by automating some oof these areas, it frees up more time for authentication work as well so we think some of these automation processes they're going to be doing over the next couple of years will be a positive for margins and freeze up more time on the awe thentification side as well. >> apart from local shops, who are what are the competition >> sites like ebay, we think a lot of players can benefit in this category. you have posh mark, thread up, also as a mass market player

we think it's a trend that's going to play out. we're still just getting started online and think it's going to be a much bigger category in a few years. >> we appreciate it u. thank you, sir, for joining us today >> coming up, much more on today's market declines. we're being led lower by technology, energy and consumer discretionary and next week, we'll learn a lot more about the health of the consumer as several big name retailers wort their results. so which of those stocks should u y w? that's next on "power lunch. ♪ ♪

♪ ♪ ♪ don't get mad. get e*trade, dawg. the new rx. crafted by lexus. lease the 2020 rx 350 for $419 a month for 36 months. experience amazing at your lexus dealer.

the unparalleled landscape of park city, or the famed peaks of whistler, you've faced the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking ship skis delivers, hassle free. ship ahead and go catch those first tracks on fresh snow. ship skis. your skis. delivered. when yowhat do you see?itical issues facing our world, we see a billion more people breathing free. we see access to fresh food being the global norm, not the exception.

we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. welcome back get ready for a massive week for retail earnings. next up, macy's, home depot, tjx, foot locker, all gearing up to e release their reports let's bring in your trading nation team.

>> steve, things are good in consume r land, aren't they? >> looks good. unemployment at a 50-year low. look at the 30-year yield today. oil prices that are benign so the consumer looks healthy. for those companies that are on trend, have a good shopping experience, they're going to do well and those companies that are a little bit more obsolete are going to struggle. that's been the story for the better part of the last couple oof years but the exhumer looks strong >> you're speaking e liptically there, steve so what are you driving at there? companies that give the shopper a good experience versus those that don't i assume that means ones whose merchandising is good versus ones whose products is more

xhodtized like department stores >> it's the quality of the product. if you're tied to housing, that's strong. athleisure is strong then are you convenient. is it convenient to shop with you or do you have a store eck appearance that's attractive lululemon or t.j. max have had attractive kind of store experiences. if it's the same old bland product delivered through the same old bland department store, then maybe you're not doing as well >> all right, craig, take us through the charts do they confirm steve's overall hypothesis >> well, tyler, when i look at the charts, price is fact and less than half of these names are outperforming the s&p 500 year to date now two of these companies that look interest iing to me is firt and foremost looking at the chart of o best buy. if you unpack that chart, here's a stock that's making new highs. it's broken out. you can see that on the earnings

announcement, you can probably see an implied move around 7%, but ultimately, i could see a measured objective that could push the stock hire from where it is. so we like the chart what we see with best buy. second chart to take a look at would be home dee toe. another stock making new highs it's in a nice upper trending price channel. if you see a move to the upper end, it could put it up to 160, 165. so those are two stocks i'd be buying we want to own the home builders, play some other names online and avoid other retailers. >> thank you very much have a great weekend and for more trading nation, head to our website or follow us u on twitter. ahead on at "power lunch," growth stocks getting hit hardest today, but investors have been pouring tons of cash into the momentum name this is year we'll explore if the run can keep going

plus hard seltser sales surge ing and the big brewers want to cash in. their plans are next and has disney plus already hit its pique? one analyst seems to think so. one explain when "power lunch" returns. now, we know the trump strategy-

try to win by attacking,

distorting, dividing. mr. president: it. won't. work. newspapers report bloomberg is the democrat trump fears most. as president, universal healthcare that lets people keep their coverage if they like it. a record on job creation. a doable plan to combat climate change. i led a complex, diverse city through 9-11 and i have common sense plans to move america away from chaos to progress! i'm mike bloomberg and i approve this message. here's your cnbc news update u.s. and afghan officials announcing a seven-day period of reduced violence beginning at 2:30 p.m. eastern time it's part of the signing of a peace agreement between the taliban and the united states aimed at ending 18 years of war in afghanistan iran is attacking saudi port facilities in the port city.

this just hours after mike po pompeo left saudi arabia the spokesman says it was carried out with drones and rockets. the government said it intercepted several hoothy missile that had been fired toward saudi cities. and more americans are dyinging from drinking according to new research from the national cancer institute nearly 35,000s attributed to alcohol in 2016. that's up from nearly 2000 in the year 2000. archaeologists unveiling a shrine dedicated to rom louse. the shrine was discovered in the heart of modern day rome the cnbc news update at this hour back the you just fascinating >> that would be a biggie. >> huge. >> thanks very much. let's look at where we stand in the markets. the dow is down about 250 points at this hour

look at the worst performer though the nasdaq today shedding 2% or 191 points. most of the major indices are off the session lows some of the higher flying companies have been a big reason why. >> time for today's power movers starting with chewy. the online pet supply store. upgrading the outperform on valuation. it stopped $41 a share on its ipo day back in june now trading at 30. drop box higher by 20% today, the storage company beating on earnings and revenues, saying it has more paying users. and first solar dunking 16%, missing on earnings and revenue. and guiding to a drop in sales in 2020. >> all right the oil market is now closeing p for the day. >> you can see the red here behind me. crude falling today as new cases of coronavirus and uncertainty

about the economic outlook and global demand. it come as the coronavirus is is causing tensions between opec nations and russia the wall street reporting that russian officials don't see a need for cuts believing that activity in china is recovering, but saudi arabia, cue wrat waite and urk ae are holding talks to cut output by 300 barrels a day. they make up u the majority of opec's production capacity >> thank you very much it's easier than ever to trade stocks with apps like e trade, robin hood and sofi and the resurgence of the investor is adding fuel to this bull market fire kate >> hey the barriers to stock trading are getting lower and small investors are making the most of it you've seen traders pile ng tinn the names like tesla and virgin

galactic so-called darts at charles schaub jumped from december to january, month over month. a few factors driving that, first, it's free all of the major firms have followed robin hood with zero commissions. that tick kicked off a wave of consolidation with morgan stanley this week buying e*trade. analysts say these firms are taking a page out of amazon's playbook they want to be a one stop shop for finance by offering stock trade i trading, customers don't ever have to leave their app and finally, fractional trading. pen tech start ups and more recently, charles schwab, have started the action for buying part of the stock for as little as a doll r lar. >> appreciate it we've seen those retail investors help fuel some this year the biggest fwans, virgin galactic and tesla 200% 115% higher this year.

now it has been a volatile week. we pointed out the nasdaq then in the growth stocks getting hit the hardest. can the surge hold up in the long-term? let's ask jean it's good to see you how would you connect these high flying stocks back to the tech heavy parts of the market that have been working? >> i think that's important is to first distinguish what causes these moves. essentially, you have a story that's largely misunderstood then becomes ubnderstood by a handful of investors when you do that, you have other investors start to pile in retail investors that really move these is to bes higher. the most important part about what drives this is it truly around something that's going to be transformational. when you think about what's going on with tesla and to a

much lesser extent, virgin galactic, these are things that are 100 year, 80 years that there's been a standard and that is changing. so i think there's also an important editidistinction b ab what's a eququality momentum stk versus one that can be a trap. it's as clear as winter and summer around b and specifically if you look at bitcoin, that back in late 2017, up 700% over six months a lot of retail investors poured into that, but the difference there distinguished between a quality momentum stock versus one that is more speculative is that these stories that have staying power ultimately have a competitive advantage. bitcoin does not have a competitive advantage. it played into a broader theme around block chain when you think b about tesla, there's a long-term competitive advantage. when you think about virgin galactic, but debatable.

but investors need to be keenly aware of that distinction. >> i thought you were going to sigh the distinction between the good momentum plays and the less good momentum plays was the presence o f the retail investor in the first place and that you could probably isolate the troublesome ones by looking at the ones where the recent trading has been heavily ko concentrated in the hands of retail investors institutionals >> they can add that extra piece to it. if you think more broadly, retail investors call 20, 25% of the market so they can play an edge in that i think the bitcoin example is most important my hope is that retail investors will take a step back and answer that simple question >> it really is kind of the foam on the beer i guess.

i don't mean to be dark here, but if i were to look at some of the space companies, their sustainable advantages could disappear in a tragic instant. >> yes, there's, this is a very lumpy industry to get into for a lot of reasons i think when you look at the core, what's the core insikt around virgin galactic the turbine engine really became commercialized in 1952 a version of british airways was the first company to do that there hasn't been any innovation really around the consumer since then the speed they move. so i think when you think about virgin galactic, there are not a lot of companies, probably four or five, that are ultimately working on these systems and so yes, you will have dramatic moves based on the success or failure of launches in this kind

of learning period but ultimately is that there are ways that we can move around much more efficiently and we're going to be entering that over the next decade. >> jean, can we zoom out before we let you go and talk about facebook, amazon especially. people are skl about today, asking to explain the price action bond yields are down, but not today. >> i think what investors should ask when you're in these big, well-known growth companies is which one have advantages around undeniable truths. when i think about facebook and netflix, i think those companies do not have a -- they become more dangerous plays, but if you think about apple, google, tesla, i think those are ones that despite what happens in the noise of yields bouncing around, investors for the long-term can sit tight and rest well in those

undeniable truths. >> and amazon? >> it plays in the undeniable truth category the valuation is still deep. it's always been expensive but i would favor companies like apple and tesla ahead of amazon. >> up 13%. down just under 3% thanks so much appreciate it. >> and coming up, the brewing battle over hard seltzer, a new doll for disney and a supreme oreo cookie. ♪ yes i'm stuck in the middle with you, ♪ no one likes to feel stuck, boxed in, or held back. 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.

it can manage all your apps and data from anywhere. so it can help take on anything, from rebooking flights, on the fly to restocking shelves on demand. without getting in your way. ♪ ♪

hey, our worker's comp insurance is expiring. should i just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? sure!

get a quote in 3 minutes at easyaspie.com. that is easy. so, need another reminder? no, i'm good. reminder for what? oh. ho ho, yeah! need worker's comp insurance? get a quote in 3 minutes at easyaspie.com. a battle is bubbling up ove hard seltzers. their sudden surge of popularity has all the big brewers struggling to get in on the trend. >> bubbling up i see what you did here. they're projected to grow to $4.7 billion over the next two years. 168% growth. sales even stronger in the first weeks of 2020, growing 268%. white claw remains the leader

with 60% of the u.s. market, but bud light's getting 8% in the first month it hit shelves that's a potential sign those big brewers can still capitalize on these trends. beer remains the most popular drink in the $167 billion u.s. market but premium beer sales dropped in 2017. marketing is the key element inbev spending more than 5 billion on a super bowl ad just to promote bud light 40 million will be spent to market corona all three releasing the potential for the triple digit growth enjoyed by white claw owned by the private marc anthony brand. so the attraction is that it has fewer calories and carbs than beer, however, the customers are

more focused ond taste than anything else. only about a third of customers say they are loyal to one brand so that's what really creates the opportunity for the three big brewers. >> who do we know about the demographics young? >> all over the place. >> more female than male >> it's kind of balanced all over the place really people kind of switching over from beer because they like the taste. >> i thought maybe the it was the xfl where a big part of the celebration was surrounding are you going to go and have those bud light seltzers it's clear they're pouring a lot of money into this is it the new bud light? >> it's not beer in any way, shape or form. they're trying to make sure you know maybe you don't like bud light, but u this is something totally different. we just saw boston beer. their stock took a hit because of their cap x spending, but the question is do you want to get

into this high growth market are you willing to spend >> where does the alcohol kick come from? >> it's not a flavor malt beverage like a zima from back in the day, it's a different kind of thing. i don't have the science on that so i don't want the to start speaking on something i don't know it's not regular spirits it's kind of in between. >> we'll figure it out >> maybe we'll have to bring some to try. >> time for the tasting menu here are some of the other stories we're following this afternoon. some democratic candidates are hitting a cash crunch after heavy spending in iowa at the end of january, elizabeth warren with just over $2 million while sanders had 17 million in february, warren made a point to say she's already raised $17 million and a a pro warren group has opened a superpac on her behalf to help boost the campaign she has said in the past all democratic candidates should ban

them all together. >> she's been pretty category cal about that but seems to be walking back because she said the others are are doing it and if item going to reform it, i'm going to have to get electeded first. >> like the least of the flip-flopping. disney, is it possibly hitting a dead end disney plus led streaming wars after its huge launches, but bernstein said it may have reached its pique in net ads bob iger says the streaming service has 28.6 million subscribers. well above expeck tas and speaking of disney, hasbro releasing details for its baby yoda toys. an an mo tronic plush. >> soft animal >> will drop drop the toy the it's going to cost $60 there. it's a cute thing, isn't it? >> i'm not in on the whole baby

yoda craze >> when your boys get there, you may be in there. >> that that's true. i don't think people appreciate how much the free offer from verizon has boosted. i think about 20%. came through that offer and if it's not renewed, that could be a big cliff. and supreme oreos are getting bid up on ebay the cookies have begun popping up online for thousands of dollars. it's a must have brand about millennial types this is the cookie it has not been released in stores yet, but sellers have somehow bid it up to $2600 no sales have been closed on e bay. i thought it was going to have lot of stuffing, but it's just red with the logo. >> like a red velvet cake. tastes like an oreo? i think they're going to pay up so they can have that social

media moment with it >> don't they have cream colored oreos? comeing up, chasing an olympic medal isn't easy and certainly isn't cheap. we're about to be joined by a woman who won medals in the summer and winter games. i think she's only one of maybe five people who have done that and now in her new career, she's sharing what she learned about money when she had none then when she had more. we'll be right back. invested at a great rate.cash y that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk

while our competition continues to talk. try to win by attacking, now, we know the trump strategy- distorting, dividing. mr. president: it. won't. work. newspapers report bloomberg is the democrat trump fears most. as president, universal healthcare that lets people keep their coverage if they like it. a record on job creation. a doable plan to combat climate change. i led a complex, diverse city

through 9-11 and i have common sense plans to move america away from chaos to progress! i'm mike bloomberg and i approve this message. we have to talk about metals today, but it's medals with a "d" a new event, and she almost has no money to do it. it's part of our partnership with acorns. >> to me it was more of an escape it was just something peaceful about it i just hear my gee, and hear myself breathing and nothing else

my name is sakuro. >> hawaii-born, she's one of the thousands giving up everything to invest in gold, olympic gold. two times of karate are debuts kumite, which is spars, and kata >> i always explain it as like figure skating without music she's fourth in the world in women's kata americas's best hope for a medal in karate. >> juggling work and karate was impossible i was sleeping while stretching, i wasn't eating right. my mind wasn't in the right play i decided to quit my job i didn't know what to do. >> reporter: she moved to california for to train, living for free with a family friend. she has no car and no coach. >> are we looking at your

wardrobe >> yes yes. >> reporter: she won gold at the panamerican games last summer, coaching herself she will need that confidence. there's no guarantees sakura will qualify for the games this could be her one shot karate will not be in the 2024 olympics in paris. >> my focus now is to qualify. then my thought was okay, once he get there, i will figure it out. >> she is getting some support from panasonic, team usa and the usa federation not enough to get a coach, but she gets her travel expenses reimbursed, and she did win silver last week in dubai. you can see more of her in action, including trying to teach me a couple moves at cnbc.com she's not even five feet tall,

but she gets in the dojo, and she is just a giant. >> real, real quick, why not 2024 >> they just decided not to, and god forbid because of this coronavirus, the olympics could be canceled? so it may not be ever. >> thank you, jane lauren williams is one of five olympic athletes in history, and the only american woman who win medals in both the summer games and winter games, a relay gold medalist at summer, and then she returned to win a silver in the two-women bobsled. the one hurdle was organizing her finances, but through her own financial wellness organization, she is working with other young professionals

to get on the right track. she's also part of our cnbc financial advisers council welcome. good to have you with us i don't know where to start, but where did your interest in finance start? was it born of necessity when you came into money as a pro athlete or what? >> it was always in me from early on math and money was a thing i was interested in i didn't know exactly what i was going to do with it. the real seed was plapted when i had two financial advisers that weren't answering the questions i had, and i was trying to figure out where the gap was >> are you being too polite? >> i am not an athlete with a story of being scammed or going broke. >> many do. >> yes, many do. can i moved out from living with my college roommate, to do i get

a house? do i get a better apartment? what can i afford that's not earnings six figures basic financial questions, and they were just saying invest, invest, invest. >> the athlete we just watched is the reality you think they have this glamorous life in reality, they are struggling to ends meet she barely has a roof over her head what can be done to better financially support these athletes they do not have a lot of money coming >> we need to support team usa, figuring out how to get behind the athletes i think she would says she not making a sacrifice, she's making a choice she's not doing the 401(k) and a job, this is so important, it's worth giving up the finances >> i think about the people we

don't see without the medals, they make the sacrifices and may not even get it. what are you doing to reach people to say these are going to be the answers i was looking for back when it was my turn, and here's how i help. >> i'm running the company where i'm helping athletes and other young professionals, but i'm excited to be working with the united states olympic committee to be helping these athletes there's a program called the ace program. there are grants available, need based, financial literacy programs we want to provide information to the masses, so the athletes have what they need. >> you were a track and field runner, what was it look the first time you got in a bobsled? >> it was scary. i kind of say it was like being kicked off a cliff in a washing machine. >> i wouldn't want that happening to me. >> you get used to it. i kept getting back in the washing machine. >> enough to win a medal. >> thank you so much

"check please" is next, and you can always listen and watch on our app we'll be right back. ♪ ♪ ♪ ♪ ♪ ♪ don't get mad. get e*trade, dawg.

i'm part of a community of problem solvers. we make ideas grow. from an everyday solution... to one that can take on a bigger challenge. we are solving problems that improve lives.

we're talking about airlines right now, the international air atlanta association says global air travel will fall for the first time in more than a decade check out this graphic, showing

the slowdown in china. the one on the right is after coronavir coronavirus. you can see the massive falloff of the number of flights people worried about how it's spreading around the world. have a great weekend, everyone thanks for watching "power lunch. >> "closing bell" starts right now. well cub to "closing bell. i'm morgan brennan in for sara eisen thattic a look at that on stock. stock is down. another 9 1/2, keep in mind, the rest of the market is lower as well let's have a look at what's driving in the action.