our view is british airways, it is not recreational travel necessarily, whereas carnival cruise liness all recreational almost. those are the things that can be put off, whereas if there is a containment, it will get the quick rebound in business travel. francine: how do you look at havens? gold is definitely big. treasuries -- patrick: we like gold better than bonds right now. we think bonds are pricing in a recession to near certainty. we don't think it should be pricing in recession near certainty. gold is a great alternative to yielding assets in europe. buying platinum as well, another precious metal. that is not based so much on gold. palladium is $2300 an ounce. beennum has historically more but catalytic converter demand and supplies t shortages. auto companies get a 500 all the differential are incentivized to change colletti them to platinum for catalytic converters. francine: patrick armstrong stays with us. up next, more from an interview mary afterief katie the lender reported results. 20 minutes from now, it is time for etf iq europe, our guide to the region's one trilli

number of its of assembly lines in china in recent years the cruise companies are also among the biggest loser losers norwegian has already canceled cruises in the asian area carnival cruise lines has warned that it will be hit by customer cancellations now there have also been some winners alpha pro tech a company that makes masks and other protective clothing up big time so is moderna a biotech company which is working on a vaccine to the krona virus now let's go to our financial correspondent yens course in new york for more. we talked about this yesterday we said we weren't sure how to look at the sell off on monday until we saw tuesday what happened here we are how should we look at this. well this was clearly a sea of red and that was unexpected that after the drop on monday we saw another almost $900.00 point drop in the dow jones industrial average off the chips gave up over a 1000 points on monday so at least by points those have been the 2 worst consecutive days in wall street history not in percent but by a point where we have more and more companies coming out with warnings in connection to the coronavirus credit card company master card for example we

therapeutics but airline stocks american airlines delta united royal caribbean and norwegian cruise line and even carnival cruise lines all going to hire i say even carnival cruise lines because right now they've got a boat that has a corn teen of 3700 and moment with 10 pastors to the crowd of ours how they recover from that i don't now fight they do the jobs report today on private peril because positive self it's it's more good news also all right speaking of news, we have the president deliver his state of the union last night from a wall street perspective do anything. >>in his speech that would give you any kind of headwinds as too taxes like that. yeah, i'm neither republican nor democrat when it comes to so don't read anything into this. >>but the state of the union had no big economic surprises. there is no new tax plans or no new policy proposals. nothing substantial that can get done likely in congress anyway this year an election year. but no new tax cuts no new phase to trade pact with china brought up. there was at one point in time a little bit of talk on the infrastructure and remember in

which she likes, delta airline southwest, other possible targets could include fedex, ups, carnival cruise linesns. kennedy: see you obviously have a better view of a berkshire hathaway than wall street does, what you think the market is missing about warren buffett right now? >> i think the market is missing that it's pretty inexpensive right now and the company has around $205 billion annually and there could be some positive developments in the next couple of years. >> andriy you and i have barron's work 10 feet from each other and i think that's too much distance i like it when you are on the show we are fighting a half apart from each other. everyone is talked about the buffett premium on berkshire. but now we are talking about maybe the value will be unlocked and the posted buffett world. is there still out buffett premium? >> i think the premium is back on track basely gone right now it can outperform the s&p 500 and the next five and ten years. you can see financial break above the company, you'll probably see a dividend in the next couple year end a bigger stock buyback. >> did this hap

also have carnival cruise lines down once again.y cruise ship's issues around the coronavirus, one in particular off the coast of japan. burberry has scrapped the forecast after shuttering stores in china. guy: absolutely area thank you very much, indeed. tesla's parabolic motions this week attention to its absence from the s&p 500. is it going to end up in the 500? we are going to dig into the details. etf friday is up next. this is bloomberg. ♪ guy: welcome back. it is time for our weekly etf friday segment. tesla's parabolic price action this week has called to attention its absence from the sb of hundred. it may be about to set us -- from the s&p 500. it may be about to satisfy those rules. here with us is our etf analyst. let's walk through some of the funds it is already in. reporter: tesla has had a big price swing this week, and it is still relatively small the broad market indices. it gained the most in some, but in the russell 1000, it is still less than 0.5% of the waiting. modest impact there. it really brought to our at

carnival cruise line, we're looking at stock. it is up about two and change. iamond princess which is the one we talked about and holland-america. that was a cruise ship trying to take a country in for days. finally it can dock in cambodia. carnival own both of those ships. what does it do to their business? they say we will see a material impact but we just don't know how much. perhaps worst-case scenario all asian operations suspended through april. they will see a hit of 55, 65 cents a share if that happens. stuart: with that statement, look at the stock. >> down 15% this year. keep that in mind. it has sold off. stuart: modest bounce. >> up nicely today. as are the competitors. stuart: sometimes markets really do surprise me. >>> politics, listen to what ohio senator sherrod brown said about president trump moments ago. watch this. >> it's pretty clear the president of the united states did learn a lesson. the lesson, he can do whatever he wants. whatever he wants. he can abuse his office. he will never ever be held accountable by this senate. stuart: that

also cruise operators like norwegian and carnival cruise lines. some of the epicenters for trading. we'll see if it sticks around. as for how long it's going to last, t all about whether or not the governments will take more steps to try to contain what's happening right now with the coronavirus outbreak. >> anybody who has invested their 401k in the market is going to look at this when they get off work today. they'll hear it's down 1,000 points and the question always is what should i do as an arng investor? hold tight? >> you know it's kind of funny you mention that. earlier today we sat down with warren buffet talking about what he thinks about this all thing. one of the big take aways he has over decades of investing, very successfully, is that while the coronavirus is a bad development for the human race, and there's a scare, it should not dictate investor's portfolio decisions. a lot of things being looked at is the risk tolerance. how much they can afford to use. this is a scenario. even with sharp losses, we're still within 5 to 7% of record highs. this is by no means a bpa

. >>> the impact of the coronavirus hitting various industries today carnival cruise lines saying itsuld be hit by as much as 65 cents a share but the stock is moving a little bit higher today as you see there. wynn and las vegas sands also higher after an upgrade. more on that coming up first the impact on the movies with 70,000 cinemas in china shut down. julie boorstin is in los angeles with a look. >> reporter: tyler, the shuttering of chinese movie theaters is expected to mean the loss of 2.5 billion and 3 billion in chinese box office in the first quarter. the u.s. based company that has seen the biggest impact is imax. it's stock is down 15% this year chinese box office with $9 billion in ticket sales last year was on track to surpass the u.s. this year and become the world's largest but so far the impact on hollywood of that industry really shutting down this quarter has been limited because u.s. movies were blocked from release during the lunar new year holiday we'll start to see some real impact at the end of march when disney is set to release "mulan." plus disney has "blac

carnival cruise lines stock done 70% since the mystery virus reared its head, it is taking another leg by 1% as the number of confirmed cases on the quarantine diamond princess cruise ship in japan spikes from 69 to 135. a corporate attorney has traveled to china 75 times, why he is mystified that companies are restarting operations again on the ground as a virus continues to spread. ♪ and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk liz: it is extending its cancellation on all flights to and from mainland china until april 1. mainland china already taken the brunt of the coronavirus ductile all but two of the now 908 desk are there on mainland china. why is tesla restarting car production in qinghai, why is foxconn resuming production. corporate attorney malcolm mcneil has traveled 75 times to china and represent multiple chinese companies advising them on opportunities and investments in chinese and the u.s. malcolm, did you see this, ch

carnival cruise lines have canceled 18 cruises in asia, let's get on with it, it's friday, varney & company is about to begin. ♪ ♪ what are you going to say to the audience? >> that's rubbish. stuart: inferior sport. fantastic sport. >> you are going to watch? stuart: nordic plays liverpool. stuart: we thought we would play that for you, in the past i have been down on nascar and down on daytona 500 and i will take it all back because our president is going to daytona 500, thoroughly taking it back and we have president of board of patrol council brandon judd, tulsi gabbard is on the show and steve hilton altogether on the show show today, check the futures real fast, minor lost for the dow, modest gain for s&p and nasdaq, let's get to china and the virus, gordon chang is with us today. phase 1 begins, does virus affect phase 1? >> it certainly does, on february 6th, editor controlled by u.s. daily, also on the same day you have foreign ministry, looks like a staged a question during press briefing on the same budget. by the way, you had the chinese national oil corporation invoke forcement

which she likes, delta airline southwest, other possible targets could include fedex, ups, carnival cruise linesns. kennedy: see you obviously have a better view of a berkshire hathaway than wall street does, what you think the market is missing about warren buffett right now? >> i think the market is missing that it's pretty inexpensive right now and the company has around $205 billion annually and there could be some positive developments in the next couple of years. >> andriy you and i have barron's work 10 feet from each other and i think that's too much distance i like it when you are on the show we are fighting a half apart from each other. everyone is talked about the buffett premium on berkshire. but now we are talking about maybe the value will be unlocked and the posted buffett world. is there still out buffett premium? >> i think the premium is back on track basely gone right now it can outperform the s&p 500 and the next five and ten years. you can see financial break above the company, you'll probably see a dividend in the next couple year end a bigger stock buyback. >> did this hap

that is interesting stuff with the carnival cruise lines.nd revenue for the year for vestas. they see twice 20 income between 14 billion euros and 15 billion euros. joining us from denmark on the phone is henrik andersen, president / ceo, vestas wind systems. what do you think is disappointing investors, because it sounds like great news and at shares downe we see 2.5%. commentingill avoid on swings in the share price. with the yearut at the high-end of activity in turnover. as you appreciate, in q3 we were entering the busiest activity quarter in the history of the business, and on behalf of the team it is an acknowledgment of saying everyone polled together and delivered honor promises for the fourth quarter. i am proud of what the team has done. we can see we are coming into 2020 where we look at our 14dance, we will see between billion and 15 billion euros, and i say keep perspective because when we enter 2018 we had around 10 billion euros, and now we are at 40% to 50% higher in an industry that is supported by the move toward renewable

hardest hit stocks, companies dependent on chinese supply lines and international travel nike, marriott, united, carnival and norwegian cruisees and pharmaceuticals on concerns drugs made in china could come into short supply. >> it's not just the pharmaceutical industry, it's the auto industry and consumer product industry so many american companies have staked their production on china. >> reporter: meanwhile small u.s. companies are also getting worried. omg accessories sells products for kids and tweens to big u.s retailers and like many companies, u.s. manufacturing has been shut down for a month already. >> we do development and sampling our whole team and creative team is out there in china. >> reporter: manufacturing on hold, as the coronavirus spreads. oil prices sliding on concern a slowing economy won't need as much oil and gas to fuel it. unleaded averaging $2.47 a gall gallon, down a nickel in just a month. lester >> the growing impact of all of this tom, thanks. >>> a terrifying car attack left some 30 people injured at a carnival in germany. the driver is under arrest witnesses say he intentionally slammed int

stocks, companies dependent on chinese supply lines and international travel, including apple, nike, marriott, united airlines, carnival and norwegian cruiseand pharmaceutical companies concerned drugs made in china could come into short supply >> it's not just the pharmaceutical industry. it's the auto industry it's the consumer products industry so many american companies have staked their production on china. >> reporter: meanwhile, small u.s. companies are also getting worried. omg accessories sells products for kids and tweens too big u.s. retailers. but like many companies, manufacturing has been shutdown a month already. >> we do all the developing, all the sampling our whole team and creative team is out there in china. >> reporter: manufacturing on hold as the coronavirus spreads. also sliding oil prices on concern that a slowing economy won't need as much oil and gas to fuel it so unleaded gas is now averaging 2.47 a gal ton that's down a nickel in just a month. frances? >> tom, thank you. >> heavy rain has caused devastation in western bolivia the downpours triggering mudslides and causing moran a dozen homes to collapse. fortun

royal caribbean, there's an issue in japan, a carnival cruise line. 135 people affected by the coronavirusto avoid getting into that same position. you can imagine what china made to the cruise line business. substantial. beyond the u.s. and the rest of the world, it is definitely a key area. you can see the follow-through on these stocks. backparticular table looks two weeks. the last two days, you have seen most of those declines to lace. it is a little bit of a ketchup in a sense for norwegian. its shares have not been hit as hard, at least this year, as those of royal caribbean and carnival. what we are seeing now with the greater restrictions, it is definitely having an effect on the stock. david: you have to feel bad for holders of the stock. you cannot fear nearly as bad for those people stuck on that ship. that sounds pretty bad. many thanks today wilson. a few final thoughts from jeanne zaino and rick davis before we turn to the primaries tomorrow. rick, you have run these campaigns, you have won everyone that you have done here in the state. is it big ten, are people going to vot

will have a modest impact canceling 30 sailings in southeast asia other cruise line operators under pressure, as well. look at carnival week and if you look at a year to date performance of all three cruise lines, royal, carnival and norwegian, down 30% feeling the pain looking for details on the confirmed cases and the impact on their sailings, kelly. >> yikes 30% drop is huge thank you. >>> the slowdown in china from coronavirus is felt here in the u.s. looking at the shipping con and thors coming from and going to china, imports from china to here have slowed over past several weeks and exports from here to china stopped completely for more on the impact to shipping and the broader economy, i'm joined by the deputy executive director at the port of long beach how big a drop in activity overall have you seen? >> it is a pleasure to be here the impact so far is significant. typically around this year we project for the first quarter about 30 blank sailings. but so far a total of 53 blank sailings from china so that impact will continue to be felt. in january, down 6%. in february we project to be down another 6% year

the cruise companies including carnival, royal caribbean and norwegian cruise lines they fell around0% this week because of worries about sick passengers on ships. china was actually the second biggest market for cruise passengers in 2018. the u.s. was a top market with more than 13 million americans taking a cruise, but now one hong kong based travel company, brooke, says new bookings for cruise packages are currently down, get this, 95%. they're not even trying to book for the second or third quarters at this point. they're now targeting fourth quarter and beyond. >> alison kosik at the stock exchange. thank you. >> sure. >>> let's continue on. hour two, you're watching cnn. i'm brooke baldwin. the world health organization is urging countries worldwide to prepare for the coronavirus as it's raising its global alert for the disease to its highest level of risk. that's happening as california officials are trying to retrace the steps of this mystery patient who up and tested positive without any links to travel or another infected person. dozens of hospital workers who were exposed

cruise lines. >> they're identical, carnival, rcl, the same patterns it's all the same story.connect is that the hotels have gone back up, right? that's interesting hyatt, hilton, marriott. so if this is a catch-up trade, and i think the hotels -- expedia had big numbers out today. that's the setup you want for a bounce how did you pick or why this one versus carnival or - >> because we have a catalyst reporting next week. normally when you have earnings, management is expected to sit there and try to explain the results that they're going to be reporting. i think we can pretty much safely bet that's not what the conversation's going to be about. the conversation in the cruise lines in the hotels, in the travel space in general, is coronavirus. what's going on, how's that going to impact going forward? my expectation is management is going to say, we can look past all of that -- >> will consumers? to your point about hotels starting to recover, will consumers be semi permanently turned off of cruises generally? because there's all these star riz of people stuck on boats. >> it

princess cruises again confirming the turn around of its ship that stock of carnival down by 1.7% all the cruise linesy moving lower here. it is worth noting, royal caribbean will be the first cruise line to report earnings that is tomorrow we will get a better sense as to how the publicly traded cruise companies are mitt dating the risk around coronavirus and the impact on earnings >> for sure. as buckingham cuts rcl to neutral today. >>> dow session high was up 374. lost about half of that-2-year did fall below 152 as we said, oil is trying to hang on to 50. back in a minute their medicare options...ere people go to learn about before they're on medicare. come on in. you're turning 65 soon? yep. and you're retiring at 67? that's the plan! well, you've come to the right place. it's also a great time to learn about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. here's why... medicare part b doesn't pay for everything. only about 80% of your medical costs. this part is up to you... yeah, everyone's a little surprised to learn that one. a medicare supplement p

enormous pressure today was really day one of the accentuated weakness in carnival, royal caribbean, and norwegian cruise lines how were the cruise stocks able to stay so high last week, after the tragic coronavirus outbreak on the diamond princess which turns out to be the worst thing that has happened in the whole epidemic i'll say it again, you don't want to be stuck on a cruise ship in the middle of a pandemic, the numbers have to come down. i have no doubt that cruise traffic will make a comeback but think about it, it facebook chipotle 18 months to recover from its last big health scare the scare was terrible, in december, took 18 months from when they had it, up in boston, remember, so why should the cruise lines be any different. 18 months for heaven's sake. the casinos with lots of exposure, the nightmares think we are in las vegas, but on the other hand what's being brought down is part of the industry's national, a much more domestic operator could be very good. a lot of people talking about the nfl and gambling, how about the airlines, air traffic will be down so much that you need to expect a roun

far it is of note because if you take a look at the stocks individually, norwegian cruise lines, royal caribbean, carnival, marriott, booking holdings, many travel related stocks have been hit especially hard given the coronavirus concerns and fears that they will not make up revenue if people aren't traveling or taking vacations and those stocks, yes, may have been a big, big sell but today at least maybe again short covering or fundamental value buying and take a look at the parts of the market to watch overall an enthat's the airline stocks. they have not managed to catch a bid. those falling demand concerns hitting the airlines hard despite the fact that fuel costs going lower. the dow jones transportation index one of the indices of a possible leading indicator very, very much heading for a bad week could be one of the worst weeks on record for the dow jones tranport down 11% so far on a 1-year basis. we'll watch that itf that track transport stocks. >> down another 1.5% there thank you, dom. >>> mortgage rates fallen sharply and they can go lower. we'll explain. >>> plus, some parts of the high-end

cruise line stocks are now extending their losses. they are hitting fresh multi-year lows at this hour. norwegian cruise lines down 6.75%. royal caribbean down call it 7%. carnival, of course, that had the "diamond princess" that was totally quarantined off the coast of japan, now down 7.25% standing at $33.23. can we talk about apple? apple is facing investors for the first time today since it issued a warning on the risks of the coronavirus and what that risk poses to the supply chain globally. you know that they get a lot of their parts and a lot of their phones sourced from china but that's been a story of yesterday. what we really need to know is what now. nothing so far. we are watching the tape closely, has been said about the coronavirus just yet. the shareholder meeting still going on at the moment. but apple's ceo tim cook did announce the tech giant will open its first physical retail store in india next year, 2021. apple's stock is up 1.5%. nice move there of about $4.25. now food and drinks giant warning the coronavirus will cost them millions of dollars in sales, will hurt profits, even papa john's says it has been forced to close some 50 franchise

the cruise lines, we talked about the owner of that "diamond princess" cruise that was quarantined. the owner of that is carnival at its lowest point since 2014. you also have energy, obviously the overall sentiment here is that if the global economy does falter, does slow, that is certainly bad for energy related companies and then infotech. so many tech companies, chip companies, apple, amazon, we have heard specifically from those two companies, big tech giants, that they are concerned about supply chains. apple of course saying last week that even sales this quarter would be lower than what the company had previously hoped due to these fears and disruption of the coronavirus. i want to mention one of the comments, as i have been speaking with traders here from the floor, i think it's particularly salient, essentially talking about how the information is not clear to them or the investing community, saying there is less clarity now than three weeks ago, at least from one trader's view, john corpina. that's why he's seeing such a wide selloff. stuart: thanks very much. now then, back to oil. have a look at tha

a former passenger on that princess line, which is owned by carnival, tested positive six days after the cruiseavirus. we will continue to follow that story. at the same time, the cdc is holding another press briefing on the coronavirus and says it is preparing as if the coronavirus where the next pandemic and says it has emergency applications to expedite testing. it is repeating that it offers helps to china to combat the coronavirus. guy: we are wrapped up in europe . we did see a little but of a drop during the auction process. certainly a little bit more in the london market. it was up around .7% into the close, now up around 5.5%. the dax up .5%, a similar story for the cac 40. miners and oil stocks under pressure. we will carry on the coverage at the top of the hour. john farrell be joining me in new york. i will be in london. we will be putting out "the radioshow" on dab digital in london and around the world on all pure bloomberg devices. this is bloomberg. ♪ guy: from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is the european on bloomberg markets. federated

welcome to you what's going on with the coronavirus, carnival has confirmed one of its passengers did test positive, that is sending the cruise linetock lower, the second person spreading of the virus was reported in the u.s. royal caribbean is suspending three scheduled voyages. it's warned investors it will take an earnings hit they report earnings tomorrow morning. seema, the cruise ship industry may be one that's easiest to quantify the impact. what does it tell us about how this thing is impacting the economy in other sectors more broadly. >> i think out of all the travel sectors, cruise lines are watched more closely when there are health scares. the vessels pack in thousands of passengers, they often say the risk of infection is much higher. >> the norovirus or e. coli, the rate of infection is faster because there are so many people in regards to the princess, diamond princess cruise line, what's interesting is the passenger who said the ship disem park disembarked in hong kong and developed symptoms later that's scary discovering the epidemiology behind coronavirus and how fast a patient can show symptoms that's scary you

and what about the cruise lines as we have heard so much about them being quarantined with carnival andoyal caribbean also falling heavily in the session as well. i should point out that royal caribbean says if all itineraries are cancelled in the asian pacific the damage would be 10 times what they felt from hurricane dorian. we hit the streets here in new york to find out if the average person is concerned about the stock losses and also about coronavirus. >> i think travel industries for the most part, especially those traveling to and from asia, i can definitely see that being impacted but, in my current line of work, i don't see it effecting me that strongly. >> if you look at the market set s&p is did you know like 3% or 4% all based on fears. haven't been crashes in the market yet. >> some people live paycheck to paycheck the coronavirus, i think, is affecting some people's business. it's sad that that is happening. >> but i don't think it's going to, you know, have a lasting effect. it's just kind of slowing things down for a little bit. >> now, that's the good point because chi

cruise lines. three to six months, you can't even consider putting a cruise line into your portfolio right now. carnivalises, down. they will stay down. they will have trouble getting people back on the boats for a little while. i think the one thing that's on my radar screen, we will start reopening factories in china. they have already started in some more -- even u.s. companies, but all kinds of companies. when that happens, more chance for human-to-human contact, we might get a reacceleration in this growth curve that has been really dropping. nobody's talking about we are only making about -- ashley: you know, just when we think we are getting a handle on this thing, we get a renewed report out of china that shows maybe that's not the case. what can we believe that's coming out of china? the markets are very cautious right now. it has to have a significant impact on the chinese economy and what about multi-national companies in the u.s. that to a lot of business in china. stuart: how much of a slowdown does china take? lauren: the world health organization says today, in fact, we are just at the ti

line, really affecting the numbers. carnival is up slightly, royal caribbean down. we have situations where trapped, cruiseps around the coronavirus with some passengers actually having it. quite a few on that one off the coast of japan. united airlines down 1%. the travel and leisure sector continues to be hit. we do have a bright spot around china, and that is tesla, up 4.6%. their shanghai factory did reopened today. shares higher on the year, up more than 80%. guy: definitely up on the year. thank you very much indeed. let's stay with our theme. chinese consumer prices rose at the fastest rate in more than eight years last month is a fallout from the coronavirus outbreak could cause even faster inflation. now the pboc is stepping up efforts to support businesses. joining us from beijing on the : asia "bloomberg market open" host tom mackenzie. are we seeing any signs of stabilization when it comes to the numbers? tom: i think there's a number of things that keep who officials awake at night. one is the epicenter of this one is the epicenter of this disease. they are looking at 10 other provinces for po

a couple of cruise lines are interested what you're doing implementing it on the ships like carnival.it is great what we're doing. we are on every carnal ship with sensory inclusive rooms to give people quiet times or not in balance or not in front of lights or noises that quiet rooms they can go to balance out. to do this on a national level really gives people a chance, other options where they can go, still be interactive and be in the public. one other thing is too, andrew yang's wife, evelyn also serves on our board. so we have a very diverse board across the board. it is all about giving families, people healthy options to deal with autism and also continue to educate people about it. neil: we were so focused on health care, providing for diseases we know that are demonstrable, you can see effects they have. autism, that is a touchy one even today, isn't it? >> it is. i have two kids with special needs. so i know the importance of really finding healthy options for the kids and give them the best quality of life. for me it was pretty much automatic to be part of something as gre

cruise lines. stuart: cruise lines. look at that. norwegian down again. royal caribbean, down again. carnival's at $31 per share. lauren: deutsche bank cut their price targets on all of these, in some cases by half. stuart: i don't see where the low is for travel companies. because as the virus spreads around the world -- ashley: those headlines. stuart: travel all around the world likely to seize up, whether you are an airline or a cruise line. you are in bad shape here. if you are a gaming stock, i don't know what the status of macao is, whether they have reopened. lauren: they reopened. i think there are limited hours and visitor numbers obviously are not very high. stuart: so wynn is down $109 a share. las vegas sands, $57. mgm, $24. susan: it's also the las vegas strip as well. tourism. in fact, i would say most people go to macao for gaming but in terms of tourism, las vegas conventions and shows would probably see a bigger impact. stuart: asian tourists used to be prominent on the vegas strip. susan: they still are. just not right now. they also spend around $6 billion in travel each and every year here t

we saw money move into carnival cruises which was a stock, the market was down 15%. some airlines and cruise lines were down over 50% because of this virus so the markets are a discounting mechanism. we have china pmi. hopefully lagarde, i know she's a friend of yours. >> i don't know. you're waiting for her to do something? it's not a shock and didn't seem willing to do something. >> not that they have to do something, but the market, you know, words matter, right? even for central banks and i think powell coming up today and saying what he said was important. especially when all the others today were not saying that 3 that they look like they're on top of it. but when it comes to actual comfort from the problem that's ailing, don't you need to hear from officials places like korea or italy where we can tell what's happening with the spread, how much -- what the mortality rate is, how much it's changed. that sort of thing >> yeah. china, things leveled off. singapore, i think things have -- >> it's hard -- >> exactly but singapore, things have gotten better. europe, the case is still lower. alrea

i'd like to see both cruise ships of carnival get docked we have one of course off of yokohama western holland american lineke it. it t doesn't have any illness on it when the western dam gets a port i will feel better >> you know, it occurs to me we keep talking about this v but we're talk being vs in the economy. there has been no downward start to a "v" when you are looking at our stock market >> for us, there's no supply they bring that casper, the unfriendly ipo on and it makes it so that nobody can do a deal. we have a lot of good growth shopify with an amazing quarter, tremendous growth. we have great growth in some tech companies we don't have new supply because of the fact that you couldn't bring a casper it's kind of a nice situation, it's not bad not good i don't want to see any more outbreaks and people are too confident. >> we're out of time but i ask you quickly, beth, bath & beyond call this temporarily trouble. >> they didn't have guidance why revise guidance if you didn't have it i have to give that ceo a real spanking. >> would you buy them? >> yes >> you're going to buy a bill bed, bath &

three major cruise lines taking steps to curb spread of the contagious illness, banning consumers from china carnival more on this good morning. reporter: good morning china claims virus will have a temporary impact on economy, but continues to spread at a rapidly rate as this have morning, there are more than 20,000 confirmed cases of coronavirus in china, 427 people have died from the virus officials in the gambling capital of world shut down all skas ask as innos fairs death are reported in hong kong second outside of mainland china there are calls for china to close border with mainland, hyundai will suspend south korea prediction over parts shortage joining general motors and nissan to close factors stock markets recovered slightly tuesday falling nearly 8% monday first day back from that extended holiday break. here in u.s. you can see there are 11 cases of coronavirus two from person-to-person cdc says expects as it sees machines are returning from china to identify more cases screenings at 11 u.s. airports in one california case the wife got virus from husband who traveled to china both moved

cruise ,iner heading to the port passenger members will be taken and then able to find homes. this has been a headache for carnival which is already dealing with the diamond consists -- diamond princess cruise linethe company coming out and saying this will have a material impact on earnings. in the mind, we are middle of promotion season and according to carnival, they are saying it is not their plan right now. could have a hit on fiscal 2020 earnings, so certainly a big hit. >> bloomberg markets in hong kong, thanks a much for joining us. optimism.cord of the chairmanw is and ceo. thanks for joining us. levelp 500 at its highest in two years now, a popular series abound by times like this. you see a hand of algorithms. tradingf all of the today is algorithms. majority, 50% to 60% are algorithms that are programmed to trade for money. the algorithms are connected to fundamentals or two news of the day, they have their own upside biases. if you're a provider of the this is a market like one where you are not constrained by fundamentals and the providers are very happy to thethings like a feather in spring breeze and that is what is happening right now. there are some fundamental of this, but it