but then worked at freeport with the debate and such. >> people won't understand the reference to freeport and the debate. will you tell that story? >> the debate site, second debathe site. >> 1858 debate series. >> with stephen douglas. my whole life was a parking lot with a boulder dedicated by teddy roosevelt. long-time resident said we can do better. we turned that over to green space, life-sized statue of lincoln and douglas in debate. >> to set the stage for people, 1994, c-span went to all the towns in illinois and asked them if the towns put on the debates, we'll bring the cameras and televise the debates in its entirety. how many of those did you play lincoln? >> two of seven. number two and number three. >> what preparation did you need to do for a three-hour debate televised live? >> the essential question that gnawed and still gnaws, who were lincoln, who were douglas and why? why was that so pivotal? and you've got to get right with lincoln, according to senator paul simon, and i've done my very best. >> is portraying lincoln a full full-time job for you? >> is now. >> and was

. ♪ talk, talk >>> welcome back freeport, that's the world's largest -- they have divested some energyperations but you know what they produce, copper. >> right. >> world's largest user of copper, china. so, freeport, biggest -- >> that's the knock-on effects. >> time for the squawk planner no economic data of note but a few quarterly reports are due after the closing bell, including hp, intuit, hertz global and shake shack >>> donald trump attending a rally at the world's largest cricket stadium. he's expected to discuss trade and geopolitics with prime minister modi. that stadium was filled, like 100,000 people throngs of people watching the american president in india. and the first lady. >>> coming up, wea've got so muc more from warren buffett on today's market selloff u.s. equity futures are under a lot of pressure. dow off about 800 points right about now if we opened up. here's a look at european markets at this moment as well "squawk box" returns with the oracle right after this. ♪ (sensei) beautiful. but support the leg! when i started cobra kai, the lack of control over my b

what exactly are freeports? that is a good place to start. what are they?. one construction company has estimated they will contribute —— contribute £9 billion every year to the uk economy and create 150,000 newjobs. so — what's the catch? well spotted. lots of scepticism and criticism today. some have argued that these areas would simply, you still have to pay, others are saying these areas are susceptible to organised crime. the ec said recently in the report that often in these areas and john mcdonnell the shadow chancellor says this is essentially tax dodging and not the spirit in which we should be building our economy. the government is pressing ahead, really ambitious they want these rezoned to be opened by the end of the year. thank you. it was one of those weird premier league weekends. it is new because we are in the midst of a break. one of the games was called off because of the games was called off because of storm ciara? the game that did happen, i think it was an oscar—winning movie plot. sheffield united continued to play the way they are pl

copper futures now down around $255, and that is weighing on freeport mcmoran.ix10 year yield lower by basis points. vonnie: thank you. coming up, our conversation with author thomas piketty. what he is proposing to do to tackle income inequality. this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is the european close on "bloomberg markets." let's get the bloomberg first word news with courtney donohoe. moreney: in new jersey, than two dozen passengers who recently traveled were china looking for symptoms of the coronavirus. four are being evaluated in the hospital. president trump has be back a lawsuit that has to do with his washington hotel and other properties. the suit claimed the president violated a clause of the constitution by profiting from foreign government spending at a hotel. for federal appeals court says the numbers of the house and senate like the standing to sue the president. there was a heated phone call between president trump and british prime minister boris johnson. bloomberg has learne

. >> we will make public colleges and universities tuition-freeport port legal pot. >> we're going tos and legalize marijuana in every state in this country. reporter: and elimination of private health insurance in favor of "medicare for all." >> we eliminate all premiums in america. no more co-payments. we're going to eliminate one of the most absurd concepts that i ever heard of. we take it for granted but it is totally absurd, that is the concept of a deductible. reporter: sanders campaign said today they found precinct in iowa with quote, errors and inconsistencies ripe for review. so they're asking for a recanvas hoping to regain an extra national delegate as sanders becomes the national front-runner according to the new "qunnipiac poll." >> polls are fine. elections are more important. reporter: joe biden support has fallen nine points since the end of january. third place is goes to michael bloomberg who is not competing in any of the contests. other contenders think he will be watching. >> the whole world is looking at new hampshire. tomorrow you have a choice. reporter: tonig

let's check copper miners, names like southern copper, tech resources, all of them, nice move for freeport up 5.33%. here's yet another box to check. back here in the u.s., december factory orders increased 1.8%. that's their largest jump in one and a half years thanks to strong demand for defense aircraft. sh rank a little bit. but to earnings, 30% of s&p 500 companies have reported results so far. of those names, 70% have beat profit estimates. to our floor show traders, as good news abounds, gentlemen, knowing this is a headline-driven market, do you believe today or last friday when the dow was hammered and dropped 600 points? john? >> this market is what have you done for me lately. every day, it's whatever headline really piques everyone's interest, that's what's going to move this market. our markets are certainly headline-driven. it's just a question of who rallies behind that, who follows and do we get the snowball effect. clearly the headlines we are seeing about china and the coronavirus are real headlines. they are market-moving headlines. but it's just a question of how long d

extended production down-time in china due to the coronavirus, that stock among others like dupont, freeportan and others down 2% to 3% >>> now it's time to get to the cme. rick santelli has "the santelli exchange." hey, rick. >> good morning, jon before i start, i want to make sure, okay, 1.33 in 10s. we were close to 1.30 at point this is a 50-year chart going back to 1970 on 10-year note interest rates you can see it's a very unusual chart. i did that for a reason. we had a lot of volatility prior to the crash in '87, and we made a high right around 16%. we came back and made another high around 14%. basically after the crash, the reason i drew it like this, we basically went down a nice angle, consistently, until we came to july of 2012 and july of 2016 okay now we were talking a lot about this one because this was right around 1.35 plus arguably it's a double bottom. this was higher at 1.38. for double bottoms or tops, as long as they're close. i drew this because we may indeed extend a little more, but the way this has gone through now as we trade close to 1.30, it's all about the clos

today the treasury unveiled the governments plans for freeports — which if adopted would create up todnesday we are expecting a decision, finally, on hs2 — the proposed high speed rail link they estimate will cost over £100 billion — deeply unpopular with some conservative mps — and on friday before they all disappear, the new cabinet will sign off on the government's post—brexit immigration policy. let's speak now to olivia utley — deputy leader writer at the sun. let's start with free ports because i remember pre—brexit there was a row about it and labour said it would eat into regulation and we don't even know whether they work but the government says it will create thousands ofjobs and some of the poorest areas. it's interesting because it's a very good pr move. after the election when borisjohnson won this coalition of voters, natural conservatives in the south and the red wall fell and became blue, very different type of water and this policy is great for bringing together the coalition because for the free market brexiteers it's all about being out of the eu red tape that was s

beaten up material names like freeport a horrible month down about 12% rallying overall even the banksad a tough time. regional banks fifthfrethird an regions financials see if there's a broad you need better news or coronavirus. closing bell dow jones industrial essentially in the middle of trading range 144 upside, s&p up 23. >>> just joining us welcome into the "closing bell. >> here with mike santelli, senior markets commentator. >> the markets, s&p closing high by 0.7% off the highs of the session with a little selling into the close, still a significant rebound. dow closed higher by half a 1% or 140 points. high of the session, 374 bigger intraday slippage and nasdaq outperforms at 1.3% up closing that, and industrials joined energy in the red in terms of sectors on the s&p. energy the only redecliner. >> and didn't do as well today as we had seen technology and materials in the lead mostly selling in bonds overall a better turn. coronavirus headlines still dominating the market. moments away from alphabet earnings we'll bring you the numbers soon as they hit the wires. and here