a future story — 30% of their pipeline is there, ceo keith barr spent four years as the ceo of greater chinaeveryone is. it's interesting to see how it's impacted from a short—term perspective but, as you say, for the long—term, for ihg and other companies like this, the tourism industry in china is huge, isn't it, looking forward ? huge, isn't it, looking forward? yes. china's where everyone's looking to offset. at the moment in the us, we're likely to see results from ihg which will be very similar to everywhere else — where they'll see pressure in the us — supply is now outstripping demand or approaching that area. so what you mean by that is... they need to be more global. in the us, the number of hotel rooms available outweigh the number of people who are trying to book them. so they're going to make less money in the us. is the market more saturated in developed economies? it's not saturated in terms of the brands — holiday inn and holiday inn express — they've got to capacity there. that's why we'll see more brands coming up — marriott with 30 different brands — all looking to other o

worth noting marriott has 800 properties with roughly half in greater china. also says in the first quarter, brian, the u.s. is off to a solid start. it's worth noting that travelers from greater china accounted for under half a percent of marriott's room nights in north america last year. when you look at a company like marriott with its size and scale, the world's largest hotel chain, it still makes over half of its revenue here in the u.s now the question is, does the u.s. market remain strong? you're seeing the stock basically flat, slightly higher in extended trade. it is underperforming if you look at a year to date chart back to you. >> on booking, if you think about it, as a company we had expedia, we digested the other news, mastercard, cross border travel, talked about travel. as they warned american airlines out there. i know this sounds a lyle overly rosy but i'm somewhat encouraged that's where it is now it can get a loss worse but those are numbers i think people thought was down 3% to 4%. they say somewhere in the middle range between minus 3.5%

obviously the economic disruption happening in hong haveand greater china, you the management of hsbcthat. there is uncertainty around the delivery of the plan, and we would rather wait. at some point it'll be an interesting entry opportunity, but we do not think right now is the time to buy into the shares. we would look elsewhere. guy: what are the chances of hsbc deciding it needs to get bigger in china, that a transformational deal is required? that is where futures life. talking sinceeen under two and a half and three ceos about pivoting back to asia. when they talk about pivoting back to asia, they mean greater china and specifically the bay area and the pearl river delta. acquisitions are possible in difficult. they are talking about significant organic investment into asia. that is an interesting point to watch about where they find all of these opportunities. 100 billion dollars is a lot of capital to deploy in asia. that is interesting. their plan works. there is a lot more money hsbc will be putting into asia. vonnie: thank you for joining us , a price target of 500 pence.

there was a lot of risk-on kind of sentiment playing out in the greater china markets after they heard from the pboc, the message was, we got you. of course, as you mentionsed, that mlf cut is, you know, really the latest we heard in terms of what the party line has been out of china, that we're going to protect the chinese economy from the negative impact of the coronavirus pretty much green across the board. take a look at the shenzhen sta startup closing 4% higher at the end of the day the market is riding on whispers about further, you know, action of easing by the pboc. in fact, this thursday we're going to see what kind of decision they make in terms of the loan prime rate as well. i think that can be a further leg up before the greater china markets, at least until thursday we were talking about shanghai composite, for example, a higher by more than 2% or so for the day. all sectors are in the money led by all these cyclicals, including autos and technology, very much broad-based gains and this puts the index into pre-coronavirus outbreak levels. pretty meaningful, i would say i

spirits giant diageo says the spread of coronavirus in greater china and the asia pacific region could0 million off its profit this year. the firm says there's been a substantial reduction in banqueting in china as many bars and restaurants remain closed. diageo's brands include smirnoff, johnnie walker, tanqueray and gordon's gin. now to the us, where bob iger, the boss of the media giant disney, is stepping down as chief executive of the firm, but will stay on as chairman. samira hussain has more from new york. bob iger had served as the disney boss for nearly 15 years and was only the sixth ceo in the entertainment giant's history. during his time in charge, mr iger oversaw huge changes to disney's business, including a number of big takeovers of pixar, marvel and 21st century fox just to name three. most recently, he oversaw the launch of disney's video streaming service disney plus, which has exceeded expectation so far. now, mr iger will continue as executive chairman at disney through next year. he will be replaced as ceo by bob chapek, who, until now, was in charge of disney's

tourists the company issuing a new statement this morning saying, quote, our business activity in greater chinaear level since chinese new year on january 25th and while we have also seen some traffic declines in other markets predominantly japan and south korea we have not yet observed any major business impact outside of greater china. shares of adidas are up this morning about 1.5% adidas says they'll provide more guidance on the magnitude of the overall impact on their business when they release results march 11th but they still have to reach targets they say for 2020 after reporting better than expected results for the 4th quarter. they are forecasting a 10% gain in revenue this year the ceo saying in a conference the company should be able to fulfill march orders with a three-week delay and that outbound shipments have improved in the last four to five days as ports reopen the company says that more than half of both owned and operated partner stores are also temporarily closed due to restrictions by local authorities. guys, adidas has about 22% according to analysts, sales directly in ch

unprecedented health crisis we're joined from new york by william young he's a journalist who covers the greater china region also in new york we have to go to china researcher at human rights watch and from edinburgh we are joined by maria nikolaevna she's a scholar of chinese political communications and is an assistant professor at georgia state university hello everyone i want to begin by talking to you william catch us up over the weekend it seems to me that pressure is starting to mao in the international press with the criticism being pointed more specifically at president xi is that a fair assessment and if so do you think he's starting to feel the heat. yeah so basically i think the revelation of the speech. kind of like confirm what a lot of the experts in china really talking about which is the fact that the central government has long known about the situation locally in but what they did not do is to immediately step in and really take over in really make sure that the situation is not going out of control instead they let the local government and also medical experts in the beginning to

burberry said its demand in greater china has been affected. 24 out of 64 stores in mainland china is closed. foot traffic is looking really low in some stores that were open with stores with limited hours. the company said as of now, the spending looks as though it is holding up they expect that to change now that so many companies have put in restrictions from chinese nationals from spreading >> parent companies of names like coach, michael kors giving outnumbers too burberry doing the same there. thank you for continuing to follow this one for us >>> when we come back, can wall street make it five in a row that's the question we'll ask our next guest futures are lower by about 97 points shares expected to surge at the open plenty of question marks about growth in 2020 >> and the bull case for casper after its public market debut. don't go anywhere. any comments doug? yeah. only pay for what you need with liberty mutual. only pay for what you need with liberty mutual. con liberty mutual solo pagas lo que necesitas. only pay for what you need... only pay for what you need. ♪ liberty.

those stores account for about 10% of greater china revenue beyond apple, what does this mean for semis analysts estimate that china is responsible for 30% of chip sales and perhaps 30% of semiconsumption. >>> let's bring in the vice president for mobility at the technology markets from canalys. thank you for being with us from hong kong. first, if you could outline what is happening right now in terms of tech related factory closures and then in the tier one cities? >> caller: the outbreak has forced government to put very strict restrictions. the businesses somehow seem to work they are putting a lot of different rules across different province insome province, the outbreak is more serious. we are working on much more and it makes it difficult to predict how fast the factories in different province will be able to get all their workers back to the factory and resume the production >> you have made some predictions and adjusted them as of late, what are you expecting in terms of impact in terms of shipments on smartphones and pcs? >> we are expecti >> caller: we are expecting a very ba

unlike china and greater china that has seen the brunt of the outbreak, cathay has been untouched byutbreak. having said that, safety is the primary concern to us. we are preparing contingency plans just in case we need to take action. we will be able to notify the government of interactions between drivers and passengers facemasks forough our population. -- of drivers. >>>> you're trying become -- to become a superapp. what opportunities do you see in the market? >> thank you for the question. 2019 has been an amazing year for us. we are now the region's largest superapp. fromunched services on-demand video to online health care services. today we are the largest ridesharing platform. was the firstices micro-serviceed products. 2019 was a very busy year for us. focused on are very two priorities, the first is continuing the profitable growth that we see in our businesses. secondly, we want to continue to broaden the portfolio of services we offer. as a business, we are already profitable. the key for us is to continue to push on profitability. that is in our b2b platform. we think o

if you were to look at greater china, although the headline numbers look large in terms of 25-30% of but if you break that down, the risk is quite well contained. another challenge looming also for singapore's bank in the of digital lenders? thewell-placed are traditional banks to counter this threat? >> the digital licenses are an interesting phenomena that have come in. they will be a big part of this. theall, licenses -- conditions that are required for these particular licenses are quite onerous when you look at the overall licensing. needs toon of capital be put to work. it is going to be quite difficult to get too much return as part of that. that is what the headline view is it however, when it comes to wholesale banking, that is where consortiums and individuals -- alibaba, etc. -- are going to be quite strong in case they do get licenses. what does this mean for the singapore banks? s&e incomety to grow is challenged. they have been seeing what has been coming down. they have taken steps over the years. they have taken a number of steps to create an equal system. rs an erb l

in many ways chinese nationalism may prove to be a greater adversary in communist soviet union. of course china remained a source of economic opportunity for western nations. the hope of some that greater economic action would produce political changes not hugely overoptimistic. we should not be blighted by the size of the potential market pre-china is not now nor likely it any perceivable future going to become a more liberal or democratic state. indeed it seeks greater strategic advantage met so far with mixed results. we would be better to accept the chinese strategy is to make the world more tolerant of and more permissive towards totalitarian regimes. we must respond by meeting -- making the world a better and safer place for democratic and free nations whose underpinning stability is based on the rule of law. that is why are military and foreign policies must stare and a political direction based on our own values and principles. it is essential for global progress and global stability and our values triumph in the 21st century. let me turn briefly before we began our conversation to nato

for us, though, unlike china, and greater china which has seen the brunt of the outbreak, southeast asiay untouched by the outbreak. safety, of course, is of primary importance to us and we are working with the government and regulators to prepare contingency plans in the event that we need to take action. everything from contact tracing to preparing enough facemasks for our driver population. >> i want to switch to some of the fundamentals. you are trying to become a super app, going into insurance and lending. what kind of opportunities do you see in that market? >> 2019 has been an amazing year for us. we are the region's largest super app. last year alone, we launched nine new services from on-demand video to online health care services. we are the largest ridesharing platform and largest food delivery platform. the first micro insurance products, the first numberless credit card and the first bid for digital bank license in singapore with our partners. 2019 was a busy year for us. in 2020, we are very focused on two priorities. the first is continuing the profitable gwth we have see

it is evolving, it seems, hour-by-hour. ,or us, unlike greater china southeast asia has been largelyed by the outbreak. having said that safety is of primary importance. with therking government to prepare contingency plans in the event we need to take action. so everything from contact tracing to preparing enough facemasks for our population. taylor: i want to speak to the fundamentals of the business over there. you are trying to become a super app. what sort of opportunities do you see in that market? has been an amazing year for us. last year alone, we launched nine new services from on-demand video. today, we are the largest ridesharing platform. we have launched the first micro insurance products. bid forhed the first our partners. in 2020, we were very focused on two priorities. considering -- continuing our profitable growth and then continuing to broaden out the portfolio products we offer in financial services. profitable in some of our most mature verticals. the key is to continue pushing profitability and we do that through our platform. way that we think about is unique.

in fact that's also been the case with many people who have died on the mainland now outside of greater china including taiwan and hong kong we've had deaths of course in the philippines japan and also france here in hong kong richelle the number of confirmed infections stands at 62 and in the mainland for the 2nd straight day the infection rate has been falling so how is the government responding to that demand for 1st western evacuations. well hong kong's government is under pressure on 2 fronts it has more than 2000 hong kong citizens stranded in who province scattered right across the province but it also has more than $350.00 hong kong citizens on board that diamond princess mord of yokohama now 50 of them more than 50 of them have so far tested positive for the corona virus but $300.00 have and now the hong kong government wants to get those people home as soon as possible it is send around 50 officials wearing special protective gear to japan to help in that operation 2 aircraft are on standby but so far they haven't got any word from japanese authorities as to when those home kong cit

but this is really just a small window into much greater china now it will ultimately come for antarctica and will lead to significant civil rot is at the moment the science predicts that we could get up to a meter of suitable rise by 2100. the u.k.'s finance minister has abruptly resigned just a month before he was to deliver britain's annual budget statement sajid javid stepped down after prime minister boris johnson said he could only keep his job if he fired his close aides he said no self respecting minister could accept what the prime minister was demanding economists say johnson will now be free to launch more aggressive efforts to support the british economy while japanese resignation was part of a wider cabinet reshuffle which also saw the departure of the man who helped restore power sharing to northern ireland after 3 years of deadlock julian smith the northern ireland secretary was one of 5 ministers sacked by the prime minister or a challenge has more from london. so what i had been anticipated to be a pretty mundane cabinet reshuffle had his doors run completely off by the s

this impact on disney for the greater china region has predated the current challenges.the impact of the hong kong and the theme park business a bigger driver of revenue of tv and the thread to the consumer that has an impact the reality is that this is a transitional thing >> thank you for joining us, cofounder and research director at midia research. our colleagues will speak with bob iger coming up at 22:00 cet tonight. >>> that wraps up the show for us today i'm joumanna bercetche >> and i'm julianna tatelbaum. "worldwide exchange" is coming up next. [ fast-paced drumming ] [ fast-paced drumming ] >>> it is 5:00 at cnbc global headquarters and this is your "five@5. investors shake off the growing threat of the coronavirus. to infinity and beyond, tesla shares are surging something they have not done since 2013 taking an entire sector on the ride >> delays in des moines as the first contest of the

but this is really just a small window into much greater china that will ultimately come for a tactic and will lead to significant seed it will rise at that moment the science predicts that we could get up to a meter of sea level rise by 2100 still ahead on al-jazeera and have to demonstrate or take to the streets of malawi and to take out their anger at the heart of the electoral commission and the world's biggest lesson happens back in court as it pushes ahead with a lawsuit against an israeli security for a long while. i'm going to. hello and welcome back now i've just arrived back in the arabian peninsula after a long absence and i tell you what it really was a shock the system how cold it was right here in qatar we have not snow but certainly iran they have had snow across northern areas cause some real problems been some deaths reported an avalanche of very serious conditions but that cold air has continued to push southwards so we're seeing temperatures really struck here with us 24 to 48 hours yes a bit of a wind chill here in qatar the wind is light to east like every 24 hour

but this is really just a small window into much greater china that will ultimately come for antarctica and will lead to significant suitable rise at that moment the science predicts that we could get up to a meter of sea level rise by 2100 a free phone application is being credited with helping find 4 people trapped in a blizzard on scotland's highest mountain earlier this week it's called what 3 words a system to identify people's exact locations jessica baldwin reports from pember england. a rescue drill on the river tees. the cleveland fire brigade are called out frequently by people stranded on boats or in trouble in the water time is critical but the river tease is more than 135 kilometers long. and when a call comes in it's not always clear where the people are who need rescuing or for the control of it ask them if that a mobile phone on them and who doesn't know what is literally asked them can you just please download this app and tell us what the 3 way it say those 3 words identified an area on the river behind me called whole ship and so that meant from time of cold download

passengers will begin the process of disembarking if they test negative adidas says business in the greater china region had dropped by 85% year over year with the coronavirus resulting in store close you'res and customers visiting the main outlet's especially during the key holiday. >>> small businesses who keep less inventory on hand may be hit even harder. for those who import from china, the factory closures mean supplies are dwindling kate rogers talked with two business owners trying to protect themselves >> reporter: as the number of coronavirus cases continues to rise u.s. businesses are awaiting factory reopenings omg accessories is a lifestyle brand for kids made in a factory outside of wuhan. ceo ann harper stocked up ahead of the lunar new year and has enough to carry her through back to school. >> i do communicate every day with my overseas partner we are day-to-day following up we are hopeful that they will find a solution. >> owner of kindly, an outdoor products has learned to stock extra ahead of the holidays. he has three month's supply on hand, he's eager to put in his next orde

china. most are stores -- most are closed. the stores that are open have greater traffic.reater china with 7% of the revenue in 2019. 16% of sales in asia-pacific. 20% of the company's goods are made in china, so they have quite the amount of exposure to china. the fact they are able to keep the view they had ahead of this tragedy is seen as good news. shares are popping higher. they weathering the coronavirus downturn? was it thought it would not last that long? abigial: it is not clear. this is just a mid-quarter update. they would be reporting in march. while this is a near-term issue around china, long-term they expect china to be a growth driver for them. we have more details on the true impact in march. right now able to keep the full view. david: thank you so much. abigl doolittle, next, big interview, bp ceo looney joins us. that is coming up on bloomberg. ♪ hi! we're glad you came in, what's on your mind? can you help keep these guys protected online? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with t

a very large portion of that comes from greater china, a region that has been lurching from one crisisxt in the past year. if you look at their footprint in singapore, for instance, or in australia and new zealand, those are areas where it could grow for sure. it does not have that kind of dominance in those markets. if you look at their asset management unit, it has not been other assetle there managers who've been attracting assets at a fast clip. this is a doubling down on china at a point where china is a very difficult trade for people to get their arms around. we do not understand what the next phase of the trade deal will look like. we do not understand what the impact of the coronavirus will be. we do not understand how the politics will settle out. that is the direction of travel at hsbc, if it wants to go down one of the options you select would be, right? sree: yes. the promise of china is a double-edged sword. hsbc has to figure out a way it can harness china while expanding in other markets, given all of the uncertainty in china right now. guy: would you need chinese leade

for us, unlike greater china, which has seen the brunt of the outbreak, southeast asia has been largely by the outbreak. having said that, safety is of primary importance. we are working with the government and regulators to prepare contingency plans in the event that we need to take action, so everything from contact tracing to notify the government of interactions between drivers and passengers, to preparing enough facemasks for our population. taylor: i want to switch to the fundamentals of the business over there. you are trying to become a super app. what sort of opportunities do you see in that market? ming: thank you for the question. 2019 has been an amazing year for us. you're all. -- a year of execution. we are the region's largest super app. last year alone, we launched nine new services from on-demand video. today, we are the largest ridesharing platform. we have launched the first micro insurance products. the first numberless credit card. we launched the first bid for our partners. 2019 was a very, very busy year for us. in 2020, we were very focused on two priorities. the

night saying it expects the coronavirus situation to have a material impact on its operations in greater chinand that approximately half of nike's own stores have been temporarily closed in china. stock down 1.4%. we'll talk about that and a lot more later nike's brand new ceo john donahoe joining us on "closing bell" this afternoon 4:00 p.m. eastern. coronavirus, an innovation event nike is holding around the olympics, and i would throw in macy's to the mix because some significant announcement there in terms of store closures and leaving cincinnati as the headquarters also having to layoff about 2,000 in corporate staff >> continue to open smaller store formats though not a lot of them but some >> that's kind of away from the mall and the department store. interesting share price reaction there on macy's. i was going back and forth with jan nippon who follows retail and he said this is great news they are preserving the cash flow, preserving the dividend which is very high and cutting a significant amount of costs. on the flip side doesn't look like department stores are coming back any time

greater china and asia those are issues, too. every retailer and right down through the game of all the brands it's a big deal when china and asia aren't working tourism stops completely, not just here but everywhere, then those impacts really haven't been accounted for i think the market is taking the coronavirus very light ly they have looked at it and said it's not that big a deal, supply is okay. we'll reopen for business sometime between now and june as far as sales the back half of the year won't be that affected i actually think the market is right, but boy that's a big bet. >> thank you. >>> still to come, more regulation for big tech. why mark zuckerberg is calling for stricter rules even against his own company. stocks up more than a percent today almost getting back to where it was preearnings quaukz back in "squawk on the street" back in a minute we're down 113. repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. from the day you're

tell us that this move means for investors not just for china, but the greater china region and the u.sre as well. >> reporter: well, the central bank as well as other top authorities here have been battling panicked investors and nervous businesses all day to try to get everyone to calm down as you had pointed out, the central bank had pumped 1.2 billion rmb into the banking system as a way to steady some nerves this is the largest injection on record in a single day also the securities regularity was urging mutual funds not to sell finally, a special task force out of beijing managing the epidemic control and prevention was trying to reassure businesses that they would be able to get enough masks for their workers and also said that the impact on the economy would be temporary now, this all comes amid more and more signs of the extent of the economic damage in the fight against the virus. there were 10,000 -- more than 10,000 flight cancellations yesterday because of this outbreak also the city of goaunzhou imposed a partial curfew on it's residents. i spoke to a factory worker in and

how big they are or were in greater china.eirdre, thank you so much great to see you >>> next the fallout from the aforementioned coronavirus showing up in several retailers' quarterly results. under armour reported disappointing stocks off 19% and they gave weak guidance warning it can lose as much as $60 million in sales from the coronavirus. hasbro delivered a stellar quarter. and the cfo deborah thomas said that it's challenging to quantify the magnitude of the virus and that the company is reacting to the situation. these companies join a growing chorus of retailers already citing the coronavirus as a threat to future earnings. courtney, obviously with hasbro it's a manufacturing issue in part. >> that's right. that's right. >> i suspect it is the same with under armour they must manufacture some in china. >> yeah. on the call, look, they sort of went through it can be a supply issue. it can be a logistics issue when it comes to getting goods in and out of the country and i can also be a demand issue for selling two custo

analysts estimate those 42 stores in total generate about 10% of greater china revenue in a given quarter. back to you. >> thank you this is part of what we have been discussing, so every time there's been a coronavirus negative headline you see the bond yields globally sink further. maybe getting a rebound here how significant is it to you to watch apple as a harbinger with the outbreak >> it is definitely one of the company that is if it were to be affected it would affect the s&p, for instance. right? just on its own and the idea of it is like to affect other companies. i think the market so far have looked at this as -- basically looked through it. you know what? is it a bad quarter potentially? sure does it change the story not just for the company but the global recovery? unlikely. >> let's talk about the retail sales number this morning and soft it's confirming the softness for now kind of a past four or five months and we saw bond yields sink on that so it does seem as though there is this not just liquidity and jerry makes an excellent point about where we have had 800 rate cuts

estimating 42 stores account for about 10% of greater china revenue in a given quarter importantly, apple's online store does remain open i caught up with gene munster at lou ventures he says isn't a big deal financially but important for nor wrereason showing apple is feeling better. what about before apple suffers a shortage of products apple should have 30 days of finished goods seeing that apple should be ak for now, but really does depend how long production is disrupted, what's the ultimate length and breadth of the outbreak and noted, record highness late january. back to you. >> josh, thank you josh lipton in san francisco >>> coming up, u.s. consumer spent a trillion dollars over holidays sounds great reason to be concerned when you dig deeper into those numbers? plus, where the corporate cash is going in this 2020 presidential campaign. "power lunchwi tl u, teth. " llelyo always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading

outbreak a surge in deaths and infections due to new reporting methods that's what china claims is the virus a greater threat to china and the world a greater threat than we thought and the ongoing tragedy of sri lanka's civil war the government says tens of thousands missing from the conflict are actually dead but that's little comfort for the families still searching for justice and a german soccer bundesliga side tears of berlin cut all ties with europe influenced by the former world cup winner quits as hertz's coach just a few days ago will have more on a nasty football divorce. i'm good to have you with us germany is marking the 75th anniversary of the allied bombing of dresden one of world war 2 most controversial moments as the war neared its end the british and american planes draw. fire bombs on the city for 3 days killing tens of thousands of people the assault left dresden in ruins and it sparked a lasting debate for some it was a necessary step in defeating nazi germany for others it was a senseless tragedy. 75 years on the train bombings still haunt this city a funeral march by mozart set

day yet in the corona virus outbreak a surge in deaths and infections china says due to new reporting methods is the virus now a greater threat to china and the world than we thought was extreme vacations gone too far one of the 2 german who 1st crossed an article on foot 3 decades ago sounding the alarm about mass tourism on the frozen concert. i'm off it's good to have you with us today germany marked the 75th anniversary of the allied bombing of dresden one of world war 2 some most controversial moments as the board neared its end the british and american planes dropped a fire bombs on the city for 3 days killing tens of thousands of people the assault left dresden in ruins and it sparked a lasting debate for some the attack was a necessary step in defeating nazi germany for others it was a senseless tragedy of. under the church of our lady the symbol of the trust and bombings they formed a human chain german president frank val to steinmeyer joined in this show of unity the message to the thousands of people gathered in the city's main square never forget. when we join hands with our neighbors then we confess. we w

dynamic here is apple more than most tech companies it's a greater percentage of revenues interest greater china mainland, hong kong, taiwan. if you think about the quarter giving everyone the reason to bang the table or be emphatic about apple. you had 14.8% of revenue from china. and the previous four fisk quarters it had been down. and i realize you guys are talking about market dynamics. they couldn't be clearer i think you're right i do think we have to think about apple. and i do think apple the next few quarters there is a hangover from this. even if the coronavirus ended tomorrow which it's not going to. >> i hear what you're saying but i have to say i don't fully agree. i think a lot of the apple story is 5g, right and i don't think the coronavirus really changes 5g at all. i think it was the latter half of the year story to start to me it's not surprising that apple announced they would miss. it would have been shocking had they announced they weren't. >> right. >> the part that was more impressive to me was you brought up the smh that was a really. >> semiconductors. >> by the way, th

how things look in greater china.er, estee lauder and others all building to the jobs number friday, adp at 291, way above 158. we'll get benchmarks revisions probably to the down side but macro and corporate news continues. >> every time you say yum i think of -- >> let's get to the judge. >> i'm scott wapner. resilient stock market strikes again, new records in reach even as some wonder how much is really left in this rally? it's 12:00 noon and this is "the halftime report. >>> how to position your portfolio in this red-hot rally. tech taking leadership again stocks fueling this group right now and names you want to own. shares of slack up double digits in the past week, and the stock just got a bullish call. should you get in now? >>> and qualcomm and

outbreak a surge in deaths and infections due to new reporting methods that's what china claims is the virus now a greater threat to china and the world a greater one than we thought plus extreme vacations gone too far one of the 2 german men who 1st crossed antarctica on foot 3 decades ago is sounding the alarm about mass tourism on the frozen continent and in german soccer bundesliga side here's a berlin cut all ties with you're going to klinsmann the former world cup winner quit as heads coach just a few days ago will have more on what's become a nasty football divorce. our viewers on p.b.s. in the united states and all around the world welcome to day germany marked the 75th anniversary of the bombing of dresden one of world war 2 smokes controversial moments as the war neared its and british and american planes dropped fire bombs on the city for 3 days killing tens of thousands of people the assault left dresden in ruins and it sparked a lasting debate for some it was a necessary step in defeating nazi germany for others it was a senseless tragedy. under the church of our lady the symbol of the tryst

but this is really just a small window into much greater china that will ultimately come for antarctica and will lead to significant suitable rise at the moment the science predicts that we could get up to a meter of sea level rise by 2100 france meanwhile is setting up a zone iran will want to protect the highest peak in the alps present a man at home visited the pomp and a mountain resort to chamonix he announced cuts to the number of climate silicon races senate and so have france's largest gay she has shrunk dramatically over the past 20. and staying in france and a mccool's candidate for mayor of paris has dropped out of the race after a sex video was released on social media gave all said he was stepping aside to protect his family is a major setback for mark or head of the election in march though recent opinion poll showed leave all trailing in 3rd place. still ahead on this news hour in sport the n.b.a. pay i mean a gold medal winning sister with this long range basket. ball will have more. time for sports his paul farley funk you so much 2 of africa's biggest football clubs wi

china sees its deadliest in the corona virus outbreak health officials. in deaths and infections to new reporting methods the spike raises fears that a virus poses a greater threat to china and the blood. was it a military necessity all the tragedy. of the most controversial chapters of the 2nd world war the bombing of dresden by the allies.

program china sees its deadliest day yet in the corona virus outbreak health officials attribute a surge in deaths and infections to new reporting methods spiked raises fears that the virus poses a greater threat to china and the world. i'm phil girl welcome to the program germany's marking the 75th anniversary of the allied bombing of dresden one of world war 2 most controversial moments of the war needed and british and american planes have dropped 5 bombs on the city for 3 days killing tens of thousands of people left dressed and in ruins and sparked a lasting debate for some it was a necessary step in defeating nazi germany for others it was a senseless tragedy. 75 years on the trays didn't bombings still haunt the city a funeral march by moats. set the tone for a somber ceremony interest in the palace of culture. the message from germany's president never forget. of 50 year in a long. list and sincere remembrance enables us to see and understand the familiar as well as the unfamiliar it enables us to empathize with the fates of all the victims of war and violence across national borders. steinmeyer reportedly struggles with writing this speech how to balance remembering those kille

how much revenue that accounts for, but they believe the stores generate probably around 10% of greater chinaso not an insignificant amount here, guys. >> josh, thank you very much >>> meantime, fedex that stock gaining ground as well frank? >> surging right around 5% after announcing it would use its drowned division to maximize the e-commerce growth, also increasing the packaging that ground trucks delivers, makes their trips more profitability with 12% of revenues back over to you >> frank holland, thank you very much >>> we have about five minutes to go. cruiselinesers are getting crushed. contessa brewer has the details for us. >> only down 14% in one month. it has one shipped waiting on results of coronavirus tests administered to four at the passengers they readily been this china and so had 23 other passengers those passengers were screened and sent to newark airport to fly back to china. eight americans are among the now 61 confirmed cases of a coronavirus on, as is holland airlines f. carnival's stock is -- norwegian has dropped 7%. almost 4% today alone, this is a segment that's ge

but this is really just a small window into much greater china now it will ultimately come for antarctica and will relate to significant civil rise at the moment the science predicts that we could get up to a meter of suitable rise by 2100. time sport history adrian thank you in the next 2 minutes 2 of africa's biggest football clubs will face off in the calf super cup but one of the continent's top cover much is being held in asia as fronts of tunis it will play egypt's. capital it's a showdown between the winners of the african champions league and the holders of the confederation cup this is the 2nd year of a 3 year deal that sees doha hosting the much i keep on. of course we're here for one goal we're going to play a great team that's won 2 consecutive continental titles but we have an advantage the huge presence of our fans here in cata have been very welcome and supportive i can't describe how lucky we feel to have them we're very excited to play for them. the club has won every title the only one missing for the current team is the african supercuts we prepared for this in tunisia

. >> if you look at our results, our shortfall is over100% from iphone, primarily in greater china. as we look at what's going on in china, it's clear that the economy begins to slow there for the second half. what i believe to be the second -- is the trade tensions between the united states and china put additional pressure on their economy. s apple shares fell sharply on that warning since then climbed significantly. josh has more on that specific topics. >> since tim cook issued that warning, that stock has in and out surged more than 100%. it's added some $700 billion in market cap it also became pricier dat 23 times earnings, as investors bet on a stabilizing iphone franchise, but now apple has withdrawn guidance because of china, demand there is weaker than expected s production is ramping slower than anticipated. mainland china remains a key -- guys, back to you. >>> ra hell? >> this news putting a drag on the suppliers. let's look at some of those names. taiwan semiconductor down almost 4%, down about 3%, 3.1%, and broad does that com also down about 2.3% our operating at abo

that is very encouraging, and we are investing in the greater china area because we see long-term benefitsg in that economy. so we are investing to grow, and that has been part of our strategy to create a diversified business with new products and services across many different geographies. shery: does that include hong kong as well, that is not only suffering from the outbreak of this virus, but also from months of unrest? june: absolutely. hong kong is still a strong market in terms of an economy. there have been difficulties in the recent past. in my experience, working in asia and living in hong kong, working across the region, there are still great resilience and fundamental economics that we believe will make hong kong a particular area for us to invest and grow in for the medium and long-term. technology and innovation are becoming increasingly important and it comes to trading. what are you investing in and what trends do you see now? june: the company has been in business for 45 years as an innovator. we have been systematically adding new technologies to make our user experience

in the greater china region. told him what is it that we're hearing about businesses and how able they are to get back unand running? >> well, it is another work day. the second work day is extend. i made some calls to some of the economy. the big e company. then we're going to be in terms of their workforce, backup full fire power. but some of their work is going to the office, most still working from home. the big automakers. dahl. oing to get with and name daimler. and tesla has started production. when it comes to -- the first week of february and with a 90% growth. >> when you look at things like kamala harris. some people returning but many still working from home. >> >> apologies. we're having a few issues with the technology. no doubt for lifeline because those working from home in china. threat let's the market perspective. >> we have laura glomer in london and it seems quite phenomenal markets are big to this this idea that stocks in the u.s. can go higher, the dollar goes higher on the an nfluence of f

program china sees its deadliest day yet in the corona virus outbreak health officials attribute a surge in deaths and infections to new reporting methods the spike raises fears of the virus poses a greater threat to china.

demonstrations to help combat the spread of the coronavirus of the campaign for greater independence from mainland china is far from over. i'm told me a lot before welcome to the program palestinian authority president mahmoud abbas has reaffirmed his rejection of a peace plan offered by the u.s. saying it will not be accepted by the palestinian people speaking at the u.n. security council president abbas said the deal would strengthen what he called israel's apartheid regime and reward israel is really a plucky patient rather than holding it accountable for crimes committed against palestinians. by his mahmoud abbas speaking earlier at the u.n. . well. this plan will not bring peace or stability to the region when he has. and therefore we will not accept his plan. we will confront its application on the ground. this is the summary of the project that was presented to us. this is the state that they will give us yeah it's like swiss cheese. really who among you will accept a similar state and similar conditions. the critics of the deal say it would grant israel several of its long held wishes some of wh

gifs giving guidance around the coronavirus and operations they say it will have impact on the greater chinaort term nike says half of the nike owned stores in china are closed and others are reduced hours at experiencing lower than planned retail traffic that is having an impact although shares are off the session lows down 3% on the initial news. i think nike was considered one of the companies like an apple that operates in china that has a supply a chain in china. but nike pointing to the consumer reaction that in the short-term has material impact china has been a huge source of strength for nike. growing double digits in revenues every quarter we talk to the new nike ceo tomorrow. >> coming up, the movers after hours. we'll be back in a couple of months you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade