alibaba's u.s.fell after it warmed the coronavirus will hurt revenue growth in the current quarter. alibaba says the outbreak is undermining production and changing consumer spending patterns. the chinese e-commerce giant made the comments after reporting strong financial results. 37%,ue surged better than $21 billion, while income rose 58%. the coronavirus is threatening the biggest hit on japan's economy since 2014. economists are protecting a one quarter slump, gdp figures due monday, expected to show annualized contraction by 3.8% due to a sharp drop in consumer spending. the slide would be the worst since the second quarter of 2014 when a previous tax increase saw the economy shrink by 7.4%. thannited nations has more 140,000 syrians displaced in the last three days by violence in the country's northwest. that brings the total number forced to flee the syrian government offensive more than 800,000. the u.n. says 60,000 of those displaced our children. the syrian war is entering its ninth year.

shares: alibaba as u.s.e growth in the current quarter. it says the outbreak is undermining production and changing consumer spending patterns. the chinese e-commerce giant made the comments after reporting strong financial results for the december quarter. revenue surged at better than billion, 38% to $23.1 and that income rose 58%. being blamedus is for what's expected to be the first global drop in oil demand in more than a decade. the international energy agency says demand will fall by more than 435,000 barrels a day in the first quarter. that is a widespread shutdown of chinese economy. annual gross and global consumption may drop by about 30%, but at this stage, it's really hard to be precise about the full impact of the virus. the united nations says more than 140,000 syrians have been displaced in the last three days by violence in the country's northwest. tot brings the total number more than 800,000. the u.n. says 60,000 of those displaced our children. the syrian war is now in its ninth year. and

>>> good morning it's midnight at alibaba headquarters in china, 11:00 a.m. on wall street and "squawk alley" is live ♪ ♪ good thursday morning. welcome to "squawk alley." i'm carl quintanilla with morgan brennan and jon fortt at post 9 of the new york stock exchange a bit of a sell-off at the open, but answered a little to the upside down 100 bob pisani >> we bounced, drifted back down and now we're down about 100 points on the dow. this is a pretty modest response considering if number of coronavirus cases has expanded dramatically, not surprisingly the china etf weaker, industrials as well, bank stocks negative initially, now positive still a pretty modest response to the news. coronavirus, a lot of different stories. alibaba said it's possible we could have a significant impact on china's economy potentially affect the global economy. ralph lauren talked about store closures, two-thirds of stores are closed nestle says operations have resumed but with a lower amount of operations overall. nu skin talked about significant decline, 20% to 25% decline, down

alibaba hit to reap business from single day. bloomberg. ♪ paul: let's do a check of the latest business flash headlines. bloomberg intelligence says taz lobo probably have to raise spending, which could lead to will probablya have to raise spending, which could lead to losses. morewill need to hire sales and service staff to boost sales outside its home market. riskssaid elon musk slowing technical advances by restricting spending on r&d. haslinda: the softbank boss is scaling back his plans for a second tech vision fund, saying it could become a two-stage deal with a smaller initial phase. phase two, he says, could be led i softbank itself. his reputation has been battered by a series of missteps, including a botched ipo by office sharing startup wework. haslinda: shares of mgm resorts tumbled in late trade after it where the deer its earnings forecast over 2020 -- withdrew its earnings forecast for 2020 over the coronavirus. announced that longtime chairman and ceo jim maron will leave the company before his contract expires,

alibaba is said to be blocked from the hong kong stock linked to china, alibaba shares moving, easing we will keep an ion that. we just got that news, alibaba blocked from the hong kong china stock linked. discussing, as you were out loaning -- outlining the virus as a transitory event, but i want to have a look at the bloomberg chart here, it shows chinese debt continue to rise. this is a question we've been asking for years. 275 percent of annual economic output. this?osely do you watch andrew: this is one of the most important figures we watch from a ratings perspective, and that's why going back to the point i made earlier, from a sovereign ratings perspective, we view the impact of the virus at the moment as temporary and not having material impact on our ratings view viewed our main ratings story for china this we have seenso far the authorities implement easing measures, and at the moment they are resisting more aggressive credit easing measures and we think they will continue to do so because they continue toward more fiscal easing. our measure of the fiscal and we have, reaso

stock came back a little and alibaba reported -- -- alibaba reports strong revenues, alibaba ceo has called the virus a black-swan event. >> potential global implications and it does, second largest second in the world slows down to maybe one to 4% down from 6%, that's going to have reverberations around the world. he also says a delay of employees returning to work will affect merchandisers and logistics and have impact on a company like alibaba, if you listen closely to earnings call and cfo people want to spend on services because of the coronavirus, you may not see the sales in the first quarter but they are saying a black-swan event in reference to one-off event if that makes sense, short-term event that will impact the markets and the economy. >> thank you, i want to get back to gary, your comment, please. >> in china most definitely and lots of asia most definitely, when apple shuts 42 stores, starbucks shuts stores, you see what's happening with cruise lines and airlines not flying there, black swan and how long this will go on for and how bad it's going to get and to be clea

we hear that they haven't made an exception to alibaba.ans investors can't buy into alibaba shares. you can see they're down .2 of 1%. this news came after the bell in wall street after they closed to .4 of 1%. nejra? nejra: amrie you're looking at six months of decline. where are we going? >> that's really the f.x. story. it's not just the dollar. the euro is weaker against the yen. the swiss frank and the dollar. we are approaching these levels we haven't seen in 2017 and many are starting to cut their forecast. we could be lower for longer on the euro. what's impacting this? first of all, politics. we're seing this in ireland and germany. the center cannot hold. then it's weak manufacturing data. nothing showed that more out of italy, german and france. and finally the coronavirus. you can't point to anything data-wise but it's weighing on he minds especially with the euro, nejra. nejra: let's get back to the numbers from daimler. it sees 2020 group e bit above the 2019 level and then we that look the ditchdend proposing a 2019 div kend

alibaba has enough cash on hand and there is less than 1% hit.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

does that apply to broader tech companies like alibaba as well >> i think so.ke the group but given what we feel about the side, we might be at that precise point now. >> from your conversations you are having with people, do you get the sense that there has been inclination to reduce the holdings >> the tech strategist spoke to a lot of the hedge funds the other reason is regulation i think people are very worried about big tech >> thank you for joining us. arjun, as ever for braeaking dow all things tech. that is it for us today. i'm joumanna bercetche >> and i'm willem marx "worldwide exchange" is coming up 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 and voice for an amazing price. call today. comcast business.

we had more tech earnings out this week, including alibaba on thursday.fo set of and growth for the quarter will be negatively impacted by the coronavirus outbreak. the epidemic has already caused significant delivery delays for the chinese tech giant. a spoke with john freeman and portfolio manager at newberger berman. wow, thataways were, was a pretty good quarter. revenue growth was higher than expected, user growth was particularly impressive. 60% of new users are coming from the rural areas. there's a couple 300 billion who could join so there is more headroom to a lot of the growth drivers. the story really is the coronavirus and overall economic growth and to what degree that will impact earnings going forward. >> to that point, i would like to bring you back. overall negative impacts. how negative is the question. >> they did say it will be negative in the low to mid single digits. they are seeing a lot of .upply-side dislocations with the network down, there are confusions around various cities, so moving people is different. second, they are sup

for example, they are buying more of the groceries that alibaba ships. but then cutting back on all sorts of discretionary spending. so it is a fundamental change in demand, too, and alibaba it does not know where this is going to go from here. vonnie: the death toll from the coronavirus continues to rise. disagreements between the u.s. and china about transparency threaten the fight. dir. kudlow: we are more than willing to work with the w.h.o. on this, and they will not let us. so i do not know what their motives are. vonnie: beijing says u.s. health workers are welcome to come. the world health organization says nothing has actually been decided. rishaad: 63,000 cases now, the death toll up by 121. these inconsistencies in the numbers has led to a lot of questions being asked. we had some optimism a couple of days ago but that has receded somewhat. again, it is the economy suffering, people's bank of china, again saying they are going to underpin loan growth. also on a microeconomic level, companies such as fiat chrysler halting production in one of i

now, we also saw some impact by the coronavirus on china's e—commerce giant alibaba, it is often seenarket. while it reported impressive results, the company also warns of a fall in revenues this quarter because of the epidemic. we are seeing so quarter because of the epidemic. we are seeing so many more quarter because of the epidemic. we are seeing so many more people choose delivery because of what is happening with the coronavirus. they wa nt to happening with the coronavirus. they want to be at home, they don't want to be in crowded spaces. that is opening spaces for e—commerce companies. ali barber in a lot of ways could benefit from this. it wa nts to ways could benefit from this. it wants to do my grocery delivery, it wa nts to wants to do my grocery delivery, it wants to see people working from home, that is good for its business model. but it worries about the long—term impact of this on china's economy and ali barber as a company. a lot to look out for there. alibaba has had good results in the recent past, so when it warned about that recent slowdown, that could be a massi

the launch, alibaba online received 3000 phone calls and hours so you can online received 3000 phonend hours so you can see online received 3000 phone calls and hours so you can see how many people, especially in hubei province are concerned. the next worry is how to get food when everything is shut. for example, yum brand have closed 30% of their stores across china. but they are offering contactless food delivery meaning they leave meals at a designated area for customers to pick up so their drivers can protect themselves as well. if you are a parent, how do you entertain and educate your children while school is shut? 50 primary and secondary schools in hubei have now joined primary and secondary schools in hubei have nowjoined a programme of online classes. movies are usually very popular during the lunar new year holiday but this year almost all the 11,000 cinemas are shot so companies have started premiering a film on their own media streaming apps. film on their own media streaming apps, skipping cinemas altogether. do not forget online gaming. tense and's blockbuster mobile g

alibaba also trading in the red today despite what was better than expected quarterly results.to the headline risk around china the kweb and the fxi heading in opposite directions so far this year the china internet etf is up more than 7% and the fxi is down 3% >> after the break coronavirus fears are sinking travel and gaming stocks. a closer look at those sectors next when "squawk on the street" returns. ( ♪ ) dana-farber cancer institute discovered the pd-l1 pathway. pd-l1. they changed how the world fights cancer. 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. >>> good morning, everybody. i'm sue herera with your cnbc news update at this hour the iraqi government lass given nato the green light to stay in the country for training purposes that according to the organization's secretary general. the announcement comes just weeks after iraq

alibaba said a big impact on the chines it. ralph lauren, two third of their stores in china are closed nestle said they're resuming operations, but at a reduced rate then drops of 20 to 25% in sales. down 15 to 20% finally, my stock of the year so far, not one you would expect. virgin galactic keeps going up every day here 200% year to date and guys, important thing here is space exploration hot topic, but not a lot to buy that's what's driving it up. back to you. >> so the safety trade catching a bid today despite the comeback so is it time to play defense as the uncertainty around the coronavirus continues to loom heavily on investor's minds. here with more are michael and sandy, ofvillery and company wel to both of you michael, let me start with you and to the specific thought about the safety trade one of the areas that you like is typically associated with safety trade and that would be reets. why do you like them here? >> yeah, i think low interest rates, good economic growth, stable capital and ability to grow and raise

the stock up by 32 cents we're watching shares of alibab alibaba. possible impact of the coronavirus on its business but said the company was supporting the effort to try to fight the outbreak you look at the chart, you will see the stock was down before the numbers were reported due to the increasing number of cases that were reported in china for the coronavirus. you see the pickup in the stock price a little bit after the company came out with these better than expected numbers >>> futures under some pressure this morning let's check things out you'll see the dow is indicated to open down by 200 points nasdaq down by 80 points the s&p down by 22 this is just a day after all three of the averages closed at new highs. reminder for you catch us live on the go on the cnbc app we'll be right back. ♪ 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

earlier this month, alibaba warned of a drop in revenue this quarter as coronavirus hits supply chains and deliveriedelis back to you. >> deirdre, thank you. our next guest is working with u.s. hospitals to train people on how to better track the spread of a virus like this. there is a capability of making an impact using artificial intelligence but it's not trained properly doctor, thanks for being with us >> thanks for having me. >> so tell us -- give us a sense how can artificial intelligence help in a case like this and are there ways that reliance onn on it for the wrong thing can hinder a response? >> it can help, absolutely one is in drug discovery two is in mining of data in hospitals to improve treatments in real time three is to identify clusters when public health organizations work together. the technology exists but very few health care work esches are trained in its use more importantly trained in use of platforms that can make the technology applicable quickly. can it be misused? of course. when data sets are very small or people attempt to build things that aren't ratif

we had more tech earnings out including alibaba on thursday.timates, the cfo said revenue and growth for the current quarter will be negatively impacted by the coronavirus. the epidemic has already caused significant delivery delays for the chinese tech giant. paul allen and i spoke with john freeman. my takeaways were that it was a pretty good quarter. in terms of revenue growth, it was higher-than-expected at 38%. user growth was particularly impressive. 60% of the new users coming from the rural areas. there were a couple of hundred more users that could join their. re. the story is really about the coronavirus and what that is going to do to overall economic growth. -- to whatng to degree that will impact their revenue and earnings going forward. harry, i wouldt, like to bring you in. willng forward, maggie saying the overall revenue will be negatively impacted. how negatively? >> they did say negatively impacted. probably low to mid single digits. the main reason as to why revenue is impacted is first, they are seeing a lot of supply dislo

if you look at the stocks, they have been -- alibaba is barley off its highs. and i was -- some of the headlines -- there is always sensationalism on both sides it doesn't matter, then it matters too much i have read some headlines that said alibaba sliding on corona -- the stock is barely down it is town a tick. yes, if the economy is slowing globally there is an additional fear of recession, if you handicap it it is de minimus. >> the nasdaq just went positive again, we get -- this is the wait has gone, to your point, carry. we get the headlines at night. the news broke during our 7:00 p.m. especially. we have another one tonight, by the way. futures go down, then buyers step in. why are the buyers emintoingly ignoring it. >> i don't find it comforting, by the way, that the market doesn't take risk into account. >> right. >> i think like to see a measured response. that's unnatural the me. i don't find any of that to give me greater -- less concern about the market it gives me greater concern because it is evidence that it is purely a momentum, one-way market

look, alibaba is coming back nicely, up almost 3%. that's a $5 gain on alibaba. it had previously taken it on the chin. i remember alibaba, i've got a little piece of it, alibaba was around $230, dropped down to around $202. now you are up $211. there's a come kocomeback story. bottom right-hand corner of the screen, new high for the dow. we have been open 13 minutes precisely and the dow is now up 318. that is 1.2%. nasdaq up 1.6%. s&p up 42 points, 1.3. what was that? ashley: it's up, all of them up strongly now. better than yesterday, more of a comeback. we lost nearly 2,000 points in two days but we are up on the nasdaq 1.75%. so 153 point gain on the nasdaq. some people coming back into the market. stuart: yes. interesting, open for, what, 13 minutes, we have gone up gradually up. i have not yet seen a pullback. ashley: the vix. we talk about the vix. that's down 10%, the volatility index. doesn't mean to say it's not volatile but it's certainly showing signs of, you know, gold is down now $22. so a little more money coming back into the market. stuart: jack

as well >> i don't think the long term bullish look has changed you look at the likes of tencent, alibaba, you look at others, perhaps not the strangest but still got a lot of interesting parts of the business still growing alibaba and tencent may have short-term impact but not long term it is hard to see the challenge for them in the next two to three years. >> we'll see the impact of this. thank you for joining us today and joining us for the next hour, the head of multiasset funds. >>> on to the coronavirus, chinese authorities believe the prevention measures are beginning to take effect they say the number of new infections fell below 2,000 for the first time since january it is too early to make sure it is contained the death toll is 1,868. total confirmed infections are above 72,000 14 americans evacuated from a quarantine cruiseship have tested positive and have been flown him. they were moved to a specialized containment area and will remain under quarantine another 14 days in china, government companies are getting back to work 95% of government operations are up and running as o

corporations worldwide tech firms apple microsoft alphabet amazon facebook the chinese e-commerce group alibaba and tencent which owns. the market dominance it seems unshakeable except for apple and microsoft all these companies have been around for less than 25 years in just a short time they've become the biggest players in the world market and their main resources i intend to use a data and algorithms. but would he dream any change anything if he broke up last corporations but then wouldn't you players just take over the market and we'd be back where we stop it is a platform isn't from la or mali these platforms are markets but since they're part of our digital infrastructure the classical market mechanisms no longer apply. these platforms should be treated as a public service and be a freely available infrastructure. because the india should facebook and google be nationalized and should digital infrastructure be freely available just like roads and rails without private corporations raking in a drain just profits would digital capitalism have to make way for digital communism. i'd say we a

travel and tourism sector as well as comic as the lion pods from chinese suppliers chinese online alibaba has also put out a warning and stock markets around the world taking a hit when it comes to preventing the virus from spreading authorities have a keen eye on ports hamburg is germany it's one of europe's one of europe's largest ports i should say in germany and one out of 3 containers come from or go to china we sent our reporter to find out how they operate is affecting operations there. they have a glory set sail in shanghai 5 and a half weeks ago on its voyage to germany and called in a 2 fer the chinese port now it's docked in hamburg 24 hours before it arrived the captain made his routine ship's health declaration the declaration goes straight to the port health authority. the head doctor there doesn't imagine any cases of covert 19 on board to contain a giant. risk for a ship like this for any ship basically i can put it like this it's been at least 2 to 3 usually for all even 5 weeks since it left the chinese port when it arrives here why. because most ships call in or the por

minutes later to move in a drop off the line gets past him but david alibaba put his body in the line of fire then i wanted to handball but neuer says calm down finally a penalty look to give biron a chance to score after 11 dorothy was taken down inside the box by to put macondo but live in dusty. never got his shot v.a.r. stepped in and made the right call noting the striker was offside when he received the ball then it was like 6 turn right wrong t.-mo vanna blocks this one just to the outside. no goals at all in this top of the table clash definitely not good bye and brass wanted another draw against leipsic. it's hollywood's glitziest night of the year the 92nd cademy awards gets underway in just a couple of hours media and celebrities have been arriving on the red carpet at the dolby theater in los angeles for a 2nd consecutive year there won't be a designated host instead some of hollywood's top stars will take turns handing out the coveted gold statuettes for $24.00 categories. and a quick reminder of the top stories we're following for you a major winter storm is bearing down

urged important industries like aviation to resume operations yet some large employers including alibaba and foxconn will remain closed other companies in cities like beijing and shanghai are asking employees to work from home. now the death toll from the virus rose to more than 900 over the weekend. and the new coronavirus isn't just hitting the chinese economy tourist destination destinations around the world have become reliant on chinese visitors in recent years and now with more of those terrorist forces stay home europeans us nations are feeling their absence. more than 2000000 chinese tourists visit france every year they're becoming a significant factor for the french economy but chinese group tours and travel packages have now been suspended following the coronavirus outbreak for the time being this is the last group the tour guide will be taking around the french city of nice. i think 2 to. $10000.00 a. job or 2 months be. these same hours. the hotel industry is also feeling the pinch as chinese groups cancel like in this hotel in the old town we just have a cancellation for a

it will be a big week, we hearfrom alibaba, nestle and others regarding earnings.green light to resume some production. that has brought some hope to financial markets. you can see how commodities are trading. and that is your business briefing. a bbc news investigation has uncovered further claims of preventable baby deaths at an nhs trust which has already been criticised for its maternity services. four families say their babies would have survived had east kent hospitals trust provided better care. michael buchanan reports. the joyous scans of a growing baby. but this baby was stillborn last november, on the day he was due, and outcome his pa rents say day he was due, and outcome his parents say was wholly avoidable. they should have asked us to come in that night. if they had induced me that night, he would have been here. 100%. his parents had called the qeqm hospital in margate at iam in the morning as kirsty was in pain and her son's movements had noticeably changed. she was advised to ta ke changed. she was advised to take painkillers and go to bed. i6 tak

move an address newly off the line gets past him but david alibaba put his body in the line of fire then no one at the handball but neuer says calm down kid finally a penalty look to give biron a chance to score after 11 dogs he was taking down inside the box fight to put mcconnell but live in dos he never got his shot v.a.r. stepped in and made the right call noting the striker was offside when he received the ball then it was life 6 turn again wrong team on vanno botched this one just to be outside no goals and only in this top of the table clash definitely not with biron brass wanted another draw against life see. and just a reminder of the top story we're following for you here today on the news there's been another earthquake in german politics i think late because common those it was seen as a likely successor to chancellor of the medical now say she doesn't want the job all her decision comes just days after her party bush shaken over relations with the far right j m d part. you are watching the news and coming up next in our documentary the sound of freedom. we'll be with you at

minutes later to move in a drop off the line gets past him but david alibaba put his body in the line of fire then no one in the handbook put neuer says calm down kid finally a penalty look to give biron a chance to score after live indoors he was taken down inside the box by mcconnell but live in dust he never got his shot v.a.r. stepped in and made the right call noting the striker was offside when he received the ball then it was life 6 turn right wrong t.-mo vanna blocks this one just to be outside. no goals at all in this top of the table clash definitely not woodbine brass wanted another draw against life see. it's the year of the rat on the chinese lunar calendar and the rodent is also putting in an appearance at this year's carnival celebrations here in europe a giant water rat made its way down venice is grand canal as the guest of honor in a boat parade by local rowing clubs the city's tourism industry says a visitor bookings are down this year after the record flooding in november carnival of events in venice continue through february 25th. and it's hollywood's glitziest ni

minutes later team advantage draws noya off the line gets past him but david alibaba put his body in the line of fire then no one in the handball but neuer says calm down kid finally a penalty look to give biron a chance to score after live indoors he was taken down inside the box by who put macondo but live in dust he never got his shot v.a.r. stepped in and made the right call noting the striker was offside when he received the ball then it was life 6 turn right wrong chemo vanna blocks this one just a bit outside. no goals at all in this top of the table clash definitely not good bye and brass wanted another draw against leipsic. get your mask on your costumes because carnival season has kicked off including europe's most famous carnival destination that is the lagoon city has held its annual canal parade this year's motto is love games and silliness visitor numbers are reported to be down after last year's record flooding the mayor has appealed to tourists to return to venice saying the damage has been repaired and that the city is more beautiful than ever. and it's hollywood's g

on thursday chinese tech giant alibaba reports its earnings for the quarter ending in december 2019,e month since the signing of the partial trade deal beijing will reduce tariffs on $75 billion worth of us products by half, including goods like soybeans and crude oil. let's talk about that so i just mentioned, because in recent years the airline industry has been soaring to new heights —— airshow. particularly in south asia and india. but the problem is there are not enough commercial pilots, so how will airlines meet demand without compromising safety? this cadet is kicking her new career into gear as this cadet is kicking her new career into gearasa this cadet is kicking her new career into gear as a commercial pilot. the 23—year—old decided to abandon a career in the medical profession and follow her passion, but she initially had her doubts. follow her passion, but she initially had her doubtslj follow her passion, but she initially had her doubts. i thought that this male dominated industry was too hard on females, and most significantly, i am short, so i did not know if i coul

in china, tech firms like tecent, alibaba and microsoft have said their staff will work from home forext one to two weeks, with some estimates suggesting hundreds of million of workers are affected by the shutdown. injapan, the telecoms giant ntt has started encouraging 200,000 employees to work from home or travel during off peak hours. in singapore many firms are conducting health check for staff entering buildings and authorities have issued guidance for firms including working out a continuity leadership plan in case senior managers are affected. dr simone krummaker, senior lecturer in insurance and course director for insurance and risk management at cass business school joins me now. we will talk through the logistics. welcome, simone, to business briefing. for companies such as microsoft and other big names, those based in mainland china and elsewhere in the region, this is a logistical nightmare, isn't it? yes, it is. forthem it logistical nightmare, isn't it? yes, it is. for them it is very much about containing the effects of this crisis in terms of their own stuff but also

your report on alibaba was really telling. we don't think a lot of companies factored this into the earnings estimates. we don't think investors factored this in. what could take place with earnings going forward. we prepared people for rough water as we get into the first quarter reporting season, sometime just in early april. neil: i always forget. that is coming up next, right? people view u.s. companies have cited this as a storm cloud over the horizon. i know apple threw it out there in their conference call after the earnings. we had similar comment by mattel and hasbro saying it is going to affect shipments of toys and such from that region but, getting materials off to that region. maybe, you know, under armour as a big player in that region getting stuff from that region but very few. what do you make of that? >> yeah. no, you're starting to see that. you're starting to see companies say, boy, oh, boy, we'll see some supply disruptions. companies talked about alternative sourcing but that is a long-term strategy. you

in china, tech firms like tecent, alibaba and microsoft have said their staff will work from home fort one to two weeks — with some estimates suggesting hundreds of million of workers are affected by the shutdown. injapan, the telecoms giant ntt has started encouraging 200,000 employees to work from home — or travel during off peak hours. in singapore, many firms are conducting health check for staff entering buildings — and authorities have issued guidance forfirms including working out a continuity leadership plan in case senior managers are affected. joining us now is tim eldridge, vice—president, institution of occupational safety and health. i wonder if you have any thoughts of the wisdom ore or otherwise of macau's casinos re—opening, thinking of the people minging in close proximity. it is important that employers take a proportionate response to this. i think the health authorities where employers are based, out in china, macau, hong kong and south east asia territories, the authorities are giving the best advice, so, for all employers, what we would say, is make sure you are

francine: we are getting some alibaba figures.gs per share coming at 18.1 billion yuan. we were. a 15.2 billion figure. what we really want to know is any comment related to the coronavirus outbreak. significant. quite we don't have that yet. one thing we are watching out for. if you get e-commerce, growth should be around 24%. we will see how they see coronavirus impacting logistics and delivery service and sales. tom: it will be interesting to see how alibaba does in domestic and the banking and energy shares do in china as well. coming up in the next hour on the european commission, the -- speak tont will us about an interesting forecast. this is bloomberg. ♪ omberg. ♪ viviana: you are watching "bloomberg surveillance." we begin with airbus. theaised its stake in jetline to 22%. the company is struggling with its debt load. airbus will play -- pay $521 million to bombard year -- bomb mbardier. bo takeover was cleared -- date -- they joined regulators in declining to open an in-depth review. the deal is not likely to weaken riva

the south china morning post is owned by china's ecommerce al alibaba.anies alibaba is required by 2017 national intelligence law to, quote: support of and assist and cooperate with china's government spy agencies. yes, spy agencies. that's politico's partner and it shows. what sort of content has politico's partnership produced? well last october pro-democracy protests broke out in hong kong. here's the "l.a. times" headline from that day. quote, hong kong protesters defy police set up road blocks. "the washington post" used this headline. police blast mosque with water canon as hundreds of thousands protest in hong kong. now, here by contrast is how the south china morning post described it quote rampaging mob stage arson spree in hong kong. the morning post story went on to describe how a group of criminals was more radding and lewding and vandalizing and. paper described as quote illegal march. the piece never once hinted as to why the group might be protest not guilty first place no. mention of political oppression or roll back of rights in hong kon

a lot of this, tucker, is facilitated by ecommerce platforms like amazon and alibaba.tucker, is going really full on on this. dhs came out with a report two weeks ago when an action plan to crack down with things like penalties, fines, suspension, debarment, best practices for these ecommerce platforms with teeth if they don't adopt them. and then just last week in the oval, the president signed an executive order which will allow us to progressively control the flow of this stuff from things like china post from china. but, tucker, this is -- 2020 is the year we have got to stop this because it's hurting americans. >> tucker: one question. so some of these products are legitimately dangerous. defective car seats. >> sure, exploding batteries, child car seats. >> tucker: amazon and name alibaba and others why aren't they policing this stuff already. >> the problem in the system is that all the burden falls on the government to inspect and the intellectual property find this stuff and report it. amazon other brick and mortar retailers get to skate scott-free. the laws a