surpta for the updates next weeks and we'll have a number of of the ceos appear others joining us on cnbc brianou very much meg. sticking with the health care space by the way check out this mystery name. surging more than 20% in the last three months and outpacing the broader health care secretary are. mike khouw has more gains ahead. he is at the plasma with the call to action and who is it mike. >> talking about boston scientific, a medical device company. bha we're looking at here is trading a diagonal call spread in a diagonal it's like a calendar call spread except different strikes. using longer dated call and selling shorter dated against it here are heens reasons you might look at this for wung thing we have what we call inverted term structure what is that that's when the shorter dated options premiums are implied higher volatility space than longer calendar spreads are nice because any improve the probability of profit time is on your side. the near dated options tend to decay more rapidly than longer dated. the options you are short are paying more than you're losing on the options

watching stocks for updates next week and we'll have a number of these ceos and others joining us on cnbc. brianthank you very much. >>> sticking with the health care space, by the way, check out this mystery name. serging more than 20% in just the last three months and outpacing the broader health care sector. he has a way to play it. call to action who is it, mike? >> we're talking about boston scientific which is medical device company what we're going to be taking a look at here is trading a diagonal call spread it's a lot like a calendar spread except you're using different strikes and buying a longer data call and selling a shorter data one against it. here are some of the reasons you might look at a trade like that. for one thing, we have what we call an inverted term structure. that is when the shorter dated options premiums are higher and implied volatility space than the longer data ones that's one of the things we want to look at calendar spreads are also nice you have time on your side the near dated options tend to decay more rapidly than the longer dated options the other thing her

cnbc's own brian sullivan is at the market it has to be a big topic of conversation among many of the>> i got in last night and you sort of encounter people at the conferences. already iran but more importantly, the rise in the price of oil was the bigger topic. the players here, the ones we'll be interviewing all day long, they are fine. there is no risk of bankruptcy of any of the names. chevron, marathon, patterson, the big rig operator among the midtier players, every dollar in the rise is going to be good news for them. as you know, there is a lot of debt, a lot of concern about what the financial future holds for these companies. it is not just about the big boys here. it is really about what happens to all of those midlevel players because if those companies go away, then the big boys they will suffer. especially the ones like patterson that need all the midlevel players i think iran will be a big topic, the price of oil, how much oil is out there and this jump in price we've seen since friday every dollar matters a lot to these companies. >> also, brian the idea comes with per

with us now on the cnbc news line is brian nagel from oppenheimer. thank you for being here it seems weird to talk about coronavirus and then throw retail into it but there's real world tangible effects of the coronavirus and the economy on retail how are you views changing because of the developments here >> thanks for having me on you look at -- we're obviously watching the situation just like everyone else. i think about it, retail is a big sector with lots of different companies and luxury names of tiffany, obviously getting purchased shortly and not trading as it normally would but, look, for tiffany, a large portion of their sales within the united states are done to excu consumers traveling from overseas and a chunk of that from china to the extent that coronavirus limits travel, the traveling habits of shoppers around the world that could have an impact in the nearer term upon sales to like luxury retailers in the united states. >> are you focused specifically on the luxury side of things we oftentimes talkabout companies like tiffany, oftent

that and more now with cnbc political finance reporter brian schwartz welcome to both of you gdp numbert, what, 2.1% yeah, 2.1% in the forget quarter, closing out a year in which the gdp grew at its slowest place in three years the simple question is, does anybody care that the economy is at 2.1, 2.2, 2.3% and that it has never exceeded the 3% bogey that the administration set for itself and the president said it can be higher than that. does anybody care that that promise hasn't been met? >> anybody voters, anybody wall street anybody voters, not really democrats will be able to use that as a talking point. look what this guy said he would do with the 2017 new tax laws and look what he didn't do is it would make democrats who already don't like him continue to not like him. most people won't notice these types of things. >> i'm with that they're looking at their tax cut, wages, jobs, market. >> my 401(k) is better than it was. unemployment is lower than it's ever been. who cares if it's 2% and not 3%? >> that's what strategists would say. we would agree that's where the economy is, and

out of the world of money and business for a moment and get to sue herera with a cnbc news update. >> thank you so much, brian. here's what's happening at this hour, everyone toyota is recalling about 700,000 vehicles in the u.s. because the fuel pumps can fail causing engines to stall and increasing the risk of a crash multiple toyota and lexus malls are subject to that recall all were made in 2018 or 2019. >>> eight people were arrested after a fire broke out this morning at a motel in osceola county, florida. authorities say one person faces arson charges. seven others are charged with battery on a law enforcement officer. the motels owner reportedly said the fire was intentionally set by an evicted tenant. >>> in france, a teachers strike against proposed government reforms to pensions is in its 41st day no classes were held today at a middle school on the italian border as teachers blocked that school joined by colleagues from other schools. >>> if you've dozed off at a sporting event, you're certainly not alone but that's what happened last night to the new orleans pelicans zion williamson during a game

cnbc. >>> we have a bond market now, five-year notes up for option. let's go back to rick. >> brian, this is the second of our two auctions today, $41 billion and $81 billion down this auction, we moved from a c-plus in the last auction to d-plus this auction. yield, 1.448 the issue mark was 1.44. it tailed, big recover 2.33, weakest since september. only thing on spot average was indirects 16%. 13.9 are under x was light and priced right $32 billion seven years ago tomorrow capped, $113 billion in supply and it's probably safe to say with the big rally we had, pushing yields down, it seems as though investors are reluctant to step up and buy at these auctions back to you. >> rick santelli, thank you very much >>> coming up -- are stock being sold only because of the virus or are buyers looking for any reason to make profits >>> plus, coffee, cruises, casinos, we saw them sell big. but there's one sector you have to watch and we will have that name >>> and how much will this affect oil demand and stocks we will break down a piece you will only hear on "the exchange." hey, our worker

brian? >> you know, this has really been an 18-month nearly nonstop journey not only for the u.s. and chinese teams but for you and our cnbc team as well. is there any indication, and i'm sorry to do this to you, of the next steps do we pick back up tomorrow talking about phase two or do we get some kind of a trade truce, a bit of a break before we move on to the next round of discussions? >> ambassador lighthizer said there would be no escalation, no retaliation as long as the two countries are engaging in good faith. the deal signed today will go into effect 30 days from today and lighthizer says at some point this spring the u.s. will be able to get a read as to whether and to what extent china is actually abiding by terms of the deal that will help to outline exactly what this enforcement mechanism looks like, whether it's effective and when phase two talks would be scheduled for, whether they would be appropriate at that time so we're looking at at least a couple months, brian, before the u.s. side gets a sense of where things will go, whether phase two could ramp up at that point and what this tariff den u month woul

big focus at the world economic forum cnbc will be there with full coverage kicks off tuesday morning, 5:00 a.m. eastern. interview with the bank of america ceo brianoynahan here is what we have for you after the break np. >> announcer: the late 2019 rally in oil prices appears to have come to an abrupt halt. what will that mean for the investments in the space later the chart master gets ready for earnings from union cic. we bring you the trade, all that and more after the break ♪ where others see chaos, we see patterns. ♪ connections. relationships. ♪ when you use location technology, you can see where things happen, before they happen. ♪ with esri location technology, you can see what others can't. ♪ >>> numbers are still showing demand in the region of 1.2 million barrels a day demand growth for 2020. much lower than what we had previous years but i think it's still robust. what we see from our side is an upside potential of growth from the demand side of the equation, which will affect the total balance for -- >> all right that was opec secretary general mohamed barking exclusive comments to cnbc we sat down for the exclusive in new york city.

now, let's get a cnbc news update for that, here is sue herera once again. >> good to see you, brian.t's happening at this hour, everyone ukrai ukrainian airliner that crashed in iran, killing all 176 people on board was most likely brought down accidentally by iranian air defenses, according to u.s. officials. one said u.s. satellites detected the launch of two missiles shortly before the plane crashed. >>> britain's house of commons giving its final approval to the bill authorizing that country's departure from the european union. this pawaives the way for brexi at the end of the month, which will pass the measure, which will be approved by law once it passes the upper chamber, the house of lords >>> the construction of the u.s./mexico border wall will move forward after a federal court appeals ruling that frees up construction money. halting a judge's ruling that prevented the government from spending $3.6 billion diverted from the military. >>> and a statue of president trump in his wife's native country was burned to the ground this morning the 26-foot wooden statue was popular w

cnbc news update right now for that, we go to sue herera. sue? >> thank you so much, brian.e is what's happening at this hour, everyone seven house democrats led by adam schiff making the solemn walk across the capital for the second day to open the impeachment trial for president donald trump mcconnell criticized house speaker pelosi while senate minority leader schumer again argues for witnesses. >> well, nothing says seriousness and sobriety like handing out souvenirs, as though this were a happy bill signing instead of the gravest process in our constitution. >> a trial without witnesses is not a trial. a trial without documents is not a trial. that is why every completed impeachment trial in our nation's history, every single one that has gone to completion, 15 have all included witnesses. >> diplomats from countries that lost citizens in last week's air disaster in iran honoring those victims today in london. they lit a candle to commemorate the victims. iran's military admitted to downing the plane, killing all 176 people on board. >>> you are up-to-date that's the ne

i'm brian sullivan in for melissa lee once again traders are tim speerm karen finerman, dan nathan guy adami the coronavirus spreads. the w.h.o. meeting again we hit up the cnbc. >> and big money impact. en the big winner on the session netflix nearly topping the tape. we'll tell what you sent investors streaming in electrified call, nothing to do with tesla a big upgrade that caught our attention today. welcome everybody, we get to that and more come up but lets begin with intel the earnings were out. beat the street. the stock is higher. conference call just kicking off. lets get to josh lipton with more on intel. >> so brian intel beating on top and bottom guidance q1 and 2020 higher than expected digging in results ccg, chips for pcs, 10 billion better than expected dcg, chips for server came in at 7.2 billion. analysts were looking for 6.4 billion. had a chance to catch up with chris roland at susquehanna. easily exceeding a low bar the dgc business in his words was outstanding this quarter, driven by cloud growth his checks indicated microsoft was a buyer. broadly indicating he said that the big cloud giants, the amazons, microsofts are stepping back in

cnbc earnings squad is with us to break down the big numbers. we've kait rogers on starbucks kate rooney on ebay. lets kick it off with frank holland with more on amd frank. >> hey there, brianof amd around 4% after record quarterly revenues beating estimatesen and beat on the bottom line. guidance mixed for the full year slightly above. process for a company with high expectations and shares sbrofgt 150% kevin wart water house found the gaming business disappointing. he said the gaming console business was a drag. the guidance for q1 light. the gross margin better and share gains, the hope would have been better margin guidance for 2020 mart moderating price. wedbush but looked for the call starting shortly he said no surprising how the stock trades will depend on what they say about the epyc server processes. they are a structural share gainer versus intel and this result doesn't change that at all. and we will get more insight on amd and the gaming business on the call which starts at 5:30. remember, the company will provide the chips for the new x becomes and play station consoles released this holiday season kind of a big deal for investors. also ceo lisa sue joins squa

freeze. >>> and comcast brian roberts is going to be on with us today to break down the company's quarter and strategy in peacock and everything else. this is "squawk box" on cnbc to come, the ipo pipeline unicorn valuations and stake holder capitalism. with the hands of the world's two biggest stock exchanges. the nyse and the nasdaq. time now for today's aflac trivia question. which company turned down an opportunity to purchase google's page rank for $1 million in 1998 the answer when cnbc's "squawk box" returns because health insurance doesn't always pay it all. aflac! after surgery we had extra bills followed up visits, deductibles. we thought health insurance had us covered up for everything, but it didn't. aflac gives you money directly to help you with those things. i want to thank my wife, my mom, the duck. get help with expenses health insurance doesn't cover. get to know us at aflac.com ♪ ♪ ♪ ♪ ♪ don't get mad. get e*trade, dawg. i cowe can do theyour screening at her house. hi. this is the man that's going to check your eyes grandma. cognizant ai solutions are helping healthcare companies advance diagnostics and prevent blindness in patients with di

i'm brian sullivan in for melissa lee once again traders are tim speerm karen finerman, dan nathan guy adami the coronavirus spreads. the w.h.o. meeting again we hit up the cnbcact. en the big winner on the session netflix nearly topping the tape. we'll tell what you sent investors streaming in electrified call, nothing to do with tesla a big upgrade that caught our attention today. welcome everybody, we get to that and more come