>> we're actually not fighting foxconn. all of the land of foxconn for free, and we offered to sell property in four separate written offers. the village of mt. pleasant refused to consider our offers, instead threatened eminent domain to force us to sell on its terms. they lost. they don't have the ability to take my home using eminent domain. they instead said they would leave us there, build a chain-link fence around us. >> the president will be speaking at a rally in wisconsin this week. it will be interesting to see what people of wisconsin have to say about the president calling foxconn and their plans the eighth wonder of the world, after all, it is in their backyard. kim, thank you so much for joining us. we'll leave it there. >>> coming up, the royal reshuffle. senior members of the royal family holding a summit with prince harry and meghan markle's future on the table. le's future on the table. with sofi, get your credit cards right by consolidating your credit card debt into one monthly payment. and get your inte

foxconn joint venture it's interesting to see the traditional tech manufacturers moving into vehicle design in fact last week at c.s. in las vegas we saw sony unveiled the vision as a concept car with a focus on tech and entertainment options inside now there are no plans on selling this vehicle but it was a good opportunity to show off the tech that they can put in a vehicle so why are we seeing tech companies getting into autos. well you see actually it's really a smart idea look at apple they've been developing a long term it's called the titan project they were going to build a car as well building cars is a very expensive venture the profit margins are not what they would be like they are in tech so typically they won't build exactly a vehicle but will use that tech and partnering with someone else which is what so smart about this foxconn deal they build the i phone they know how to build technology if they take that same maybe this has to do something with the titan project that we don't know yet because you take that technology and you put it into a known manufacturer like ch

concert confirmed on friday that they are in talks with sung by the parent company of foxconn for the creation of a 5050 joint venture to develop next generation battery powered electric vehicles with a focus on the chinese market at chrysler will deal with manufacturing the vehicles while foxconn will work on the electronics and software included in the cars now f.d.a. recently merged with peugeot maker p.s.a. to become the world's 4th largest auto alliance and joining us now to discuss what this means for the future of the bees and a bevy of other auto related news is the car coach lauren fix lauren thank you so much for being here with us today thank you for having me back of course and then now a couple of quick ones on this f.d.a. foxconn joint venture it's interesting to see the traditional tech manufacturers moving into vehicle design in fact last week at c s in las vegas we saw sony unveiled a vision as a concept car with a focus on tech and entertainment options inside now there are no plans on selling this vehicle but it was a good opportunity to show off the tech that they

i am too -- we're still smarting from the president coming in and building up foxconn. and that's going to cost a tremendous amount of money in transportation funds, $175 million gone to waste on transportation efforts. people in mount pleasant, wisconsin still fighting to prevent the department from using eminent domain to take their properties for foxconn, for a much-scaled down manufacturing enterprise that was promised, much fewer jobs, and the jobs that are there will be for high-skilled workers, perhaps not even from wisconsin. there were not many people who lived in that neighborhood at that particular rally and i would love for it to be true that wisconsin is enjoying the fruit of his economy, but the reality is is that milwaukee is one of the worst places for an african-american child to grow up. that university that he was speaking in, the university of wisconsin milwaukee, is hemorrhaging from the dearth of funding and -- that has been taken out by republicans, people like scott walker, and he mentioned senator ron johnson people who don't think young people

smarting from the president coming in and building up foxconn. that will cost a tremendous amount of money in transportation funds, $175 million gone to waste on transportation effort. people in mount pleasant, wisconsin still fighting to prevent the department from using eminent domain to take their property for foxconn, for manufacturingwn enterprise that was promised, much fewer jobs. the jobs will be for high skilled workers, perhaps not even from wisconsin. there were not many people who lived in that neighborhood at that particular rally. trueld love for it to be that wisconsin is enjoying the fruit of his economy, but the reality is that milwaukee is one of the worst places for an african-american child to grow up. that university that he was speaking in, the university of wisconsin milwaukee is hemorrhaging from the dearth of funding that has been taken out by republicans, people like scott walker, and he mentioned senator ron johnson than, -- johnson, people who do not think young people need college education. i would take what he said

executives from foxconn themselves have said they are not keen on people going back to the factories.d imagine apple would also be careful. a lot of people going back to the factories at a specific time might crimp output, but again, this is a low season. if you will be hit by a pandemic that might hit your output, now would be the best time to do it because the impact would be relatively low. guy: they are ramping up for this low-cost phone. presumably, the launch could be put at risk with what is happening in china now. guest: at risk, i would agree with that, but it wouldn't be too concerned about it at this stage. we still have a bit of time. the coronavirus impact is really a work in progress right now. every day and every hour, we are updating information about. i certainly would say that if you are an investor, keep an eye on it. this will not shift the amount of money we see from the september or october launch of the iphone, it will probably be lower scale. the other thing is that wuhan, the epicenter of the outbreak, is quite a distance from foxconn's factories. their major

the head of foxconn has been an advocate of closer ties with the mainland.now that taiwan is exempt from some of the tariffs trump has put on china, some manufacturing is starting to come back to taiwan. sonali: that gives them a little power? peter: a little bit. china could overwhelm taiwan any time it wanted to, it just has held off. joe: the election is this weekend? peter: january 11. it is going to be interesting. it is clearly a huge issue. romaine: before we go, can we acknowledge, this is sonali's first appearance hosting "what'd you miss?" the most loved program on television. he did a great job. sonali: thank you. bloomberg's peter coy, thank you so much. don't miss this. tune into our live coverage of nissan ceo carlos ghosn's news conference in beirut at 8:00 eastern. joe: constellation brands reports third-quarter earnings before the bell. romaine: beyond reports. sonali: that is all for "what'd you miss?." joe: this is bloomberg. ♪ ♪ taylor: i'm taylor riggs in san francisco, in for emily chang, and this is "bloomberg technology." micron stock

we know that foxconn is a huge company.uestion that will be interesting for them to have to answer is a taiwanese company, there are issues of whether or this is a ticket for fiat chrysler to be eligible for subsidies. that's one of the ways in which tesla is able to potentially succeed with this new factory you just mentioned. a good day not have today. what is the significance of their downgrade with morgan stanley? had an interview with another analyst earlier this week. they noticed the stock has taken off in a serious way very quickly. you heard of echoes in morgan with what wasysis said earlier this week, the idea that the valuation is may be at this point. >> we were starting to wonder who are tesla's comparisons -- competitors in the u.s. market? >> it is a sense that fiat , it is ajoint venture sense of just how many competitors there will be. there's a question of how many to take seriously and how many will stay compliance projects that the companies don't have a choice but to explore. there will be a ton of comp

to remain closed until february 9th shanghai is the financial capital joe and industrial home to foxconn johnson and johnson and samsung are also there now you'll remember the chaos when sobs hit while the chinese economy at that time was going gangbusters now the world's 2nd biggest economy is tailing off so officials really have something to worry about the reason travel shares the falling most is because so many markets are. the world now depend on chinese tourists only 16000000 chinese travel abroad back in 2002 that has skyrocketed it's gone up by well over 9 times as the costs pile up i asked our singapore correspondent andrea hang what this will mean for china well economists are already looking at 0.5 to $1.00 percentage point being shaved off china's g.d.p. and that's based off in already low forecasts of 5 point one percent now growth is already at its lowest slowest in 30 years and that's a record low for china and this could worsen even more when manufacturing and consumption are going to be hit by this outbreak major cities like the capital be doing for example they've lost

much bigger probably especially if you look at what kind of companies are producing in china like foxconn for example for i phone tourism is going to be one that's certainly going to be hit all those tourists all those chinese tourists and certainly markets around the world are now dependent on them definitely domestic tourism is a big thing in china but especially overseas tourism everywhere you go you basically see chinese tourists and they're actually the biggest spenders on tourism worldwide i mean yes the numbers speak for themselves especially regions around china vietnam thailand japan they're being hit a lot i actually read that one japanese took company got 20000 cancellations package tours here from china it's going to be quite a hard quarter definitely at the same time you've got these hubs jaw closing down shanghai. and regions around china say hong kong macau taiwan all really depended on workers from the mainland and people buying this products definitely i mean i just went to my call last year and basically this entire city lives off of chinese high rollers wanted to spend

it's a similar situation in suit a large industrial hope foxconn johnson and johnson and some song that based. the chinese economy had already been slowing last year its all the lowest growth rate for 30 years exports have suffered from the weakening global economy and the trade for with the u.s. . and other asian countries have also been affected as they rely heavily on chinese tourists over 140000000 chinese travelled abroad in 2017 but beijing has now banned all domestic and international package tours as it struggles to contain the outbreak. i want to bring in our market correspondent chelsea delaney is standing by for us in frankfurt chelsea germany's dax index took a hit today and that was even before it was confirmation of the 1st coronavirus case here in germany how serious is it. i think for investors the real concern here is that there still is a lot that we don't know about the coronavirus how it spreads how long it incubates sort of the interactions between people and how that helps it spread so i think there's a lot of fear because there isn't there's a lot of uncertainty s

some of the companies badly affected one big stock there in particular, hon hai precision known as foxconn facility is closed they ship more than a quarter of its products to the u.s. that has made investors nervous. major european markets well in the red. london, the ftse 100 down 0.7% a lot of earnings on this side of the atlantic as well. beating expectations not seeming to have much of a positive impact here. >> wow, taiwan market down almost 6%. now to eunice yoon in beijing. break down some of the steps the government is taking to help bolster the country amid this outbreak >> reporter: china is now offering about $4 billion in subsidies to medical workers and patients to get through this beijing will probably have sto do a lot more spending during this outbreak. the expectations around the economy are now starting to be revised lower because the coronavirus has reached a grip milestone. that is now that we have more confirmed cases than the sars outbreak in 2003 a government economist are now believing that the economy is going to struggle. what this academic said he believes q1 gdp

foxconn overall manufacturing, it will have some impact i quantify that to maybe 3% is sort of revenuesmove around from quarter to quarter from production standpoint, i think bark is worse than bite. if you look at that guidance and how they handled that call, that was a masterpiece of how cook given some of the worries about coronavirus in china >> you are bullish >> about 400 you are looking at a bull case i think $2 trillion by the end of 2021. look at the numbers. haters are going to hate but those numbers val date the bull thesis. >> thank you you'll have a busy day >>> boeing will report results with the first report under the new ceo. the giant is expected to report a hefty lost as it follows the third quarter with no deliveries of the 737 max it has been rocky three months trading under 52-week lows joining us today she'll a kahyaoglu. still a lot of questions it is the first time truly investors and analysts will be able to hear from and speak with ceo dave calhoun what should we be looking out for today? >> caller: thank you, i feel like we are wear apple was a year ago a diff

it's a similar situation in suture a large industrial hope foxconn johnson and johnson and some strong a based. the chinese economy had already been slowing last year its all the lowest growth rate for 30 years exports have suffered from the weakening global economy and the trade for with the u.s. . and other asian countries have also been affected as they rely heavily on chinese tourists over 140000000 chinese travelled abroad in 2017 but beijing has now banned all domestic and international package tours as it struggles to contain the outbreak. of a more i'm joined by fry of economists at pantheon macroeconomics in london so every day life in chinese cities from shopping to traveling has pretty much ground to a halt how big an impact will this paralysis how far on the chinese economy. but the economic impact is very serious at this stage in terms of like the deadly illness of the disease our main kind of point of reference has to be of course the outbreak of outbreak of sars in 2 $1003.00 and thankfully experts at this stage bill think that it's less deadly but in terms of the potent

we know that foxconn is a huge company and does serious volumes. question that will be interesting for them to have to answer is this is a taiwanese company. there are issues of whether or not this is a ticket for fiat chrysler to be eligible for subsidies. that's one of the ways in which tesla is able to potentially succeed with this new factory you just mentioned. not have a did great day today. they were downgraded with morgan stanley. what is the significance of that ? craig: taylor riggs had an interview earlier this week with jmp securities. they noticed the stock has taken off in a serious way very quickly. you heard of echoes in morgan stanley's analysis with what was jmp had to say earlier this week, that the valuation might be rich at this point. taylor: we were starting to wonder who are tesla's competitors in the ev markets. are they starting to catch up? craig: it is a sense that fiat chrysler joint venture with hon hai, it is a sense of just how many competitors there will be. there's a question of how many to take seriously and how m

many people, i got foxconn to go into wisconsin. they have to get people.e.t a fortune and built the most incredible plant i've ever seen. foxconn. >> laura: american graduates of colleges and the universities taking jobs. >> president trump: we do but we don't have enough of them. we don't have enough of them. we have to be competitive with the rest of the world too forki the companies want to hire these people. when they want to hear people they can hire for the cheapest amount. >> president trump: i'm talking brainpower. they want to hire smart people.l those people are thrown out of the country and we can't do that. >> laura: your brain on america first.t. >> president trump: this is america first. >> laura: i'm going to keep going. >> president trump: let me finish. if we tell smart people to get the hill out -- >> laura: that's not what we are saying. there is a never ending appetite on the part of corporate america to bring in as much cheap labor as possible to drive down wages. that is not going to happen. >> president trump: so many people coming int

they are preparing for foxconn to spend a fraction of what they have spent before.ish. intel says it expects positive demand for pcs and increased purchasing by owners of data centers. they are aiming for full-year sales of $70 billion -- million dollars. the year has been good for jamie dimon. second --osted a record profit. it includes an annual base salary of $1.5 million and a cash billion -- bonus. profit was $36 billion. kong, markets open in this part of the year as people are already on holiday for the lunar new year. markets closing early. this is how things look at the moment every losses at the start currently,ion, converted into positives. down 3/10 of 1%. this is what we have for the entire lunar new year. potentially flat. we had earlier, we raised all the losses we had. after the losses that started in june. that is where we find ourselves. wax down 0.3 cents -- 0.3.wn look at sunny optical. tech has been focused on outcome. petroleum, shares their the worst performer, down 32% over the lunar new year. plenty more ahead, stay with us. this is bloomber

smarting from the president coming in and building up foxconn.will cost a tremendous amount of money in transportation funds, $175 million gone to waste on transportation effort. people in mount pleasant, wisconsin still fighting to prevent the department from using eminent domain to take their property for foxconn, for manufacturingwn enterprise that was promised, much fewer jobs. the jobs will be for high skilled workers, perhaps not even from wisconsin. there were not many people who lived in that neighborhood at that particular rally. trueld love for it to be that wisconsin is enjoying the fruit of his economy, but the reality is that milwaukee is one of the worst places for an african-american child to grow up. that university that he was speaking in, the university of wisconsin milwaukee is hemorrhaging from the dearth of funding that has been taken out by republicans, people like scott walker, and he mentioned senator ron johnson than, -- johnson, people who do not think young people need college education. i would take what he said with a

if there are factory closures by beijing or if foxconn opts to shut down some production facilities,hing we are really watching closely. any chance that that lower-cost phone will be most affected by some shut down? is the most obvious thing that could potential he be hit by that, or is it pretty much across the product spectrum? keeping in mind that 10 week peak for your average pandemic, any launch of a low-cost iphone with the the one that would be most at risk. news andost of the bad the potential impact would be way before that. any news to report this time around? onn: they continue to harp distribution of cash to shareholders. they are doing share buybacks, growing the dividend. in terms of potential m&a, they tend to keep it on the small side. for now, the good news for shareholders is the cash is coming their way and not going back into the business words acquisitions. the multiple is now 23 forward 12 month eps. what is the potential for a significant down move in apple? as i said earlier, it's come up an awful long way over the last 12 months. john: this is a story that is

the last thing foxconn wants is an outbreak of the virus very quickly to wipe out a whole facility, for example. that kind of fear gripped the market yesterday when you saw that kind of selling. facebook is many about the first u.s. company telling staff, avoid traveling to china. don't go there they're worried about the coronavirus as well. we saw safety plays. big move in gold. 10-year yield is lower, coming back a bit. look at stocks that had big moves to the upside yesterday. biotech, health care, anything related to the virus potentially, well they're all seeing selling pressure. alpha pro up 20% yesterday. down 25% today. neil. neil: thank you very much. health and human services secretary alex azar addressing china's response. take a look. >> on january the 6th, we offered to send a cdc to china could assist with these public health efforts. i reiterated that offer when i spoke to china's minister of health on monday and it was reiterated again via the world health organization as leadership today in beijing. neil: webmd chief medical officer john white where we stand with all of

we have manufacturing by foxconn and at shanghai as well. to mr.ts yesterday, is it movable now to other locations, or are they looking at weeks and days if not months he echo alex: it is hard to tell. the bigger issue is not necessarily going to be manufacturing itself, but the ability to get components and move the supply into those factories. high tech some of the stuff comes from abroad, there are deep networks of supplies within china itself, perhaps more of the rudimentary components. -- that is nothe necessarily so high tech and might be coming from a supplier in the chinese hinterland. tom: much more on the path forward in the coming chinese weeks. coming up, david solomon this afternoon at 3:30 pm we will do our fed coverage with david solomon. this is bloomberg. ♪ >> how tough is it being in banking today? >> i think it is exciting times. i think it is a great challenge. "bloomberg surveillance this is," -- this tom:loomberg surveillance tom and francine from london and new york today. london is hsbc senior executive advisor stephen king.

supply chain in fact, the island is critical when it comes to, say, the supply for apple because foxconna taiwanese company but in terms of the longer-term issues, a lot of people think that, at least for 2020, that taiwan is going to become another flashpoint between the u.s. and china but shorter-term, it probably won't have any impact on a faphs one signing, at least that's the expectation, because people don't see beijing getting too belligerent right away after the election. >> a lot of cross-currents for sure thank you very much for the update >>> still on deck for the show, a stock that might need a little greasing this morning. why shares of wd-40 are dropping when "worldwide exchange" comes back after this. >> announcer: today's big number 180,000. that's how many jobs were added nuy month on average between jaarand november of last year no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead with shipsticks.com makes it fast & easy to get to your golf destination. with just a few clicks or a phone ca

president and watched him one week ago, he was bragging about the eighth wonder of the world, the massive foxconnhat doesn't exist in the grand scale that it was supposed to in that state of wisconsin. they live there. >> yeah, they live there. it's not so much they love trump as they despise the democrats and also it is just so tribal. you know, with the power -- don't underestimate the power of what aboutism. you can list every one of the things that we talked about with donald trump and the republicans in wisconsin will be able to come back at you, what about nancy pelosi, what about bernie sanders, what about the clintons, what about hillary's emails, all of that. but i think what you saw on display was the way in which he's consolidated the support among republicans. how is this going to play in the swing counties? and there are swing voters in wisconsin. this is a state that barack obama won twice so there are voters who are in play and we just don't know how that's going to play out with them. >> eddie -- >> i want to say, i think the trump message to those voters is i know you despise me

saying it has measures in place to meet all global manufacturing obligations despite the outbreak foxconn has been in focus because it has a factory in wuhan. some have pointed out it is one of the top five firms exporting to the united states >> eunice, thank you can you give us an update on people on the streets? >> it is very empty. people are now talking about not being able to get fresh vegetables i saw it myself and saw people taking as many eggs as they could because store shelves don't have as much food as normal the agricultural ministry is trying to do their part to ramp up what the have on hand >> the two meetings coming up the beginning of march where 5,000 officials come with their aids the hope is that this will be contained before that at the beginning of march, correct? >> yeah. absolutely this is the national people's congress that starts on march 5. officials come from all over the country to gather and make their speech it is a really important meeting. there is hope that this could be contained. the hope is totry to ensure people do not gather in close quarters that wo

what does foxconn have to do with electric vehicles? have cartsnot really in experience before.irman told me yesterday that the company will be responsible for design, making a supply chain for this venture with fiat chrysler. know the chinese market very well, so that will help with the year-long struggle to crack into the chinese market. yvonne: our asian tech reporter joining us out here. a lot of interest among global players. mainland expand on the by tapping into the growing demand for investment services. our coanchor tom mackenzie spoke exclusively to the ceo about this phase i trade deal and his plans for china. that weood news is finally have some agreement between the government after a long time of insecurity, so it is a good step in the right direction. tom: is there a risk that european countries may face some bias as china focuses on approving licenses for u.s. businesses and counterparts? is that a risk tied to the deal? >> china -- i wish that the u.s. with the same -- has committed to multilateralism. they always say it is part of the wto rules and applies to e

quarter earnings if what we have seen from some -- that have been small, they're going to be good, foxconn had their second-best quarter ever up 25 percent sequentially that's after being down for the year look, i think you don't need to hit these lofty targets of 8 to 10% earnings growth. i'm still skeptical about europe and skeptical about asia, though -- all you need to show is a pause in momentum, because the market trades on direction i think the direction will be fine. >> we are trading higher on the nasdaq with 45 minutes left to trade. stephen is with us the furse show. >>> up next how the try is dealing with higher oil prices, when we sped to ed bastian. >>> and a check on the daily data tracker falling to $43.1 billion, the lowest level in three years. "closing bell" will be right back so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it - with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's

foxconn is one of the focuses for market participants right now.n terms of supply chains in china, they have facilities in wuhan, so all that very topical. than 1700 cases of coronavirus globally, mostly in china. we've seen the u.s. 10-year down, and a lot of that to do with the risk off moves we are seeing in these markets. let's get into our conversation with mark cudmore, bloomberg live managing editor from singapore. yesterday, we were asking if we were able to draw a line in the sand, but despite tech earnings, despite the fed, market participants putting their attention back on what we are seeing in china, the spread of the coronavirus. any updated thoughts -- we do not know how long this goes on for, do we? but markets clearly will be focused on the opening of the china equity markets when that does come. >> yes, as we said yesterday, we expected much more pain to come from the virus, and i will say it again today. even though we have asset prices much lower, this is still only part of the story. the story will get much worse for markets be

so the one a base for foxconn which makes several products for u.s.es including apple, that hospital is supposed to be completed within ten days. president xi jinping has met with world health organization chief here in beijing and he described the coronavirus as a devil that beijing was confident it could slay. however, the public who are might not necessarily be as confident. online there has been some understated public criticism of the leadership here. as you guys well know the chinese public doesn't feel comfortable openly criticizing president xi jinping there have been several photos as well as positive comments circulating online about previous leaders and the way they handled past disasters such as the sichuan earthquake in 2008 now, companies are still unclear about what they should do. ford motor just a couple minutes ago said they planned to extend the lunar new year holiday and keep closed at least until february 2nd they said it's possible they might keep their factories closed until february 10th that seems to be the general consensus a

rishaad: look at apple and foxconn being disrupted. mcdonald's and starbucks as well.eir calculations of what will happen with chinese growth. economists are saying it could shave off more than the 2% growth we saw in 2003, but that would be quite something. it is not all about china. the u.s. has mainland chinese business, a lot of tourists with exports out of china. goldman sachs saying they could shave off 4/10 of 1%. look at hong kong, it could not have come at a worse time when the city is reeling from protests. you have government offices and private companies asking their staff to stay away. that will hurt. withdrawal in the casino has tanked and they are expecting the worst. this is the busiest time of year where they make so much money in macau. it is not just limited to the u.s. or china or hong kong. thailand looking at an $18 billion hit. tourism is devoted to businesses from china. it will hurt, we just do not know how much. tom: joining us now on the market function on the investment and finance side, dan katzive joins us. up for daysd her and we are thri

them may be looking at the situation and going, maybe i will stay home, and that will be andsk for foxconnfrancine: we have a great story on the bloomberg talking about lockdown in the who may -- hubay province. are we estimating that if there are no supplies, the impact that this complete lockdown has on the people and some of the related factories? tim: we have not been able to see the impact because it happened at lunar new year which is a shutdown period. we do not have an early enough picture of what is going on, so once things go back on monday and the following monday and businesses start operating again , we will see more clearly. investors and managers and executives in china and the united states, everyone is lost and groping in the dark, trying to figure out how it will play. will people go back to work? will people go back and shop? all these unknowns we will have to wait and see. tom: we go to china and i end up thehe deck in shanghai on peace hotel. the yangtze river begins. what is it like right now, including that abrupt turn at wuhan? >> i will be guessing it is quiet. i h

and the government will build three new hospitals, that is the city where foxconn build iphone components00 cases and were not getting the full story from the chinese authorities.

construction of the zhengzhou hospital that should be completed in 10 days zhengzhou is hope to one of f foxconn's factories. there has been a push for quiet and public criticism on line for the government people know they shouldn't be publicly criticizing the party, especially president ping. people on line have been posting positive comments of previous leaders and the way they've handled disasters in the past including the earthquake in 2008 this has been creating confusion about businesses and what they should do next several chinese companies have told their staff to work the next several days. once the lunar new year holiday comes to an end. then they are hoping people can come back to work by february 10 it is a big question mark. the situation could be more serious. but today, we were calling around some of the exporters who said they had planned to stay closed until the end of february anyway orders wouldn't be coming in seasonally at the same time, they are monitoring the situation closely because they are concerned that this coronavirus scare could last for quite some time >> eunice, if

for now, i think it's going to be interesting to see if it spreads into areas where a company like foxconnes, so i think at the moment we are okay with how apple's position especially when you look at the guidance provided in terms of demand outlook, listen, it's a wide range but that being said, they are comfortable with the demand outlook going in march quarter. dagen: it was 63 to $67 billion which to angelo's point it was wider because of the virus. maria: more wiggle room. >> i want to say something sheer here, pa ratios, lower interest rates, lowest investment corporate bond yields since 1956. incredible. maria: angelo, great to see you, bottom line, would you buy apple stock or not? >> as we look at the next 12 months we don't see the type of performance that we have seen over the last 12 months. dagen: which has doubled. maria: we are a trillion dollars. give me another trillion. angelo, good to see you, thank you for your insights as always. coming up the breakfast wars are on, we are taking a look at tim horton's decision to forego beyond meat and mcdonalds brings chicken sandwic

and the government will build three new hospitals, that is the city where foxconn build iphone components pre-consider this. hong kong university says there are actually 40000 cases and were not getting the full story from the chinese authorities. look at this, the market is coming back a little. it was down 450 points yesterd yesterday, we do not know how big a bite the virus will take out of china's economy and we don't know how long the disruption will last. this morning the dow will open with a triple digit gain, down 450 yesterday up maybe 130 at the opening bell. s&p of 20 and the nasdaq of 75. a rebound. now look at apple, it reports for earnings this afternoon, what it has to say will be make or break for the market. down $9 yesterday, up $3 today in premarket action. two items on the president schedule, number one he presents his peace plan at 12 noon eastern today. then he heads to south jersey and they are lining up for the big rally and left them in the arena of three, he speaks at seven. this is the big deal. the place is packed. "varney & company" is about to begin. ♪. stu.s

apple could face supplier issues, foxconn is asking employees to stay home at least some of them andwn to 322. this is going to cut quite deep to apple. what to know about this. >> i think apple is a physician interface is a gated company with a diverse supply chain and be able to work their way around. i had concerns with apple and they had to do before the 5g phone. will the world want to update and willingness expectations answer is no. they have done just fine. everybody wanted $250 your pride, the company is making great money. >> they have to close half the stores in china as well. i was speaking to tim cook and california and he said the number one priority are our employees. but do they bounce back quickly they absolutely do. will this impact earnings, hard to say what they forecast much stronger sales than anticipated in the first quart of fishing. much higher but a wider than expected guidance and range because the coronavirus is so fluent it's hard to predict. >> 322.90. facebook i believe is down 7%, 6.6%. what do you say to this one. why is it down so much. >> it went up

that is the place with the foxconn factory. that's an indicator there. >>> check the dow 30. it's a pretty much solid sea of green. no, it's not. about two-thirds in the green, one-third on the downside. we are now up 118 points. >>> how about this one. the average price for a super bowl ticket on the secondary market, $6,429. that's actually according to stub hub guys. they're on the show coming up next. i'm your mother in law. and i like to question your every move. like this left turn. it's the next one. you always drive this slow? how did you make someone i love? that must be why you're always so late. i do not speed. and that's saving me cash with drivewise. my son, he did say that you were the safe option. and that's the nicest thing you ever said to me. so get allstate. stop bossing. where good drivers save 40% for avoiding mayhem, like me. this is my son's favorite color, you should try it. [mayhem] you always drive like an old lady? [tina] you're an old lady. my hands are everything to me. but i was diagnosed with dupuytren's contracture. and it got to the point wher