the average cup costs of a cup of coffee in china at luckin is -- >> a buck and a half u.s.ollars? >> correct and starbucks is 30 to 35. >> wait. three or four times the price? >> three times the price, that's the effective price, not the list price >> why i can understand 10% why is it 3 times? >> it comes down to digital advantage. this company has 40 million users of the mobile application. the users don't need to find -- they're -- it's not if walk-by traffic. starbucks might be on the high street paying the expensive real estate, there's ten people working the store. luckin stores are generally in the lobby of an office building where you can walk down stores you order it on the app. pick it up, go back up to your desk they're not paying that high rent that's where they get the advantage on price >> and you have overweight and a 56% target >> thank you >>> the grounding of the 737 max has stretched into its 11th month and could cost the company twice what some are estimating how much they might have to borrow next >>> listen to your favorite parts of the show you might

how can i help >> caller: yes, i'm really looking for your blessing to buy lk tomorrow, luckin coffee>> i don't deserve your question i don't deserve your trust on me on luckin coffee not that there was anything -- i said it peaked i was dead wrong i can't tell you, you know what, i'll give you the best advice on luckin i did say starbucks and starbucks has been a great stock too. i got to be careful. i didn't understand the short squeeze that would become of luckin and recommending alibaba as the only stock in china we like on the show lori from pennsylvania lori. >> caller: hi, jim this is lori from eagles nation. >> oh, my. we need you. home dog let's go >> caller: we're going to -- you know what, we're going to wing i call in every holiday and you always -- there's always something going on i mean, we have the best practiced team they're going to win it for us. >> got you i like it. we got guys who are -- who are playing for dinner what's up? >> caller: they're hungry. they're hungry our eagles are going to win. >> definitely. >> caller: actually i also wanted to say happy and hea

today already, luckin traded as low as 26, as high as 36. volatility out there, folks. buckle up.ks, buddy. see you soon. all right. i'm going to go back to liz claman. she's in miami. over to you. liz: charles, no panicking here but we are all over the breaking news that's happening right now. we have a wall of worry weighing on wall street at this hour. the outbreak of the coronavirus is expanding as it now threatens to impact the american economy. the impeachment trial of president trump, hey, it could be hours away from a controversial conclusion. meanwhile, at the same time, the democratic race to replace the president, sees polls tightening days ahead of the iowa caucuses. after years of bickering over the terms, the united kingdom is hours away from its brexit divorce from the european union. investors caught in quite the riptide on this last trading day of the month.

it doesn't mean that luckin won't also succeed it's a growing marketplace over there. and coffee consumption numbers are so low. >> have they even seen the pumpkin latte? carl referenced some new drinks starbucks has. they sound eccentric but maybe they're going to catch on in beijing, we don't know >> for sure. by the way, also suntrust takes mcdonald's to 250, which we'll watch. snapchat, jim, jeffries goes to buy. goes from 17 to 20 based on this ad buyer survey they have got. the title of the report is "not disappearing any time soon." i'm reminded this was a $6 name roughly in the middle of last year >> they're talking about very good revenue growth, they're talking about advertising coming on, they're talking about margin expansion, talking about having a great year the stock is inexpensive on the out years. it's any time sales right now. no -- there's just no resistance to this stock going higher it's incredible how everybody loves snap at 17 who didn't like it at 10, 11 guys, have you seen facebook going up every day >> yeah. >> did something happen? what happe

luckin has 4200. but look at this decline.ause of these fears that if you go outside, if you are in contact with other people, you could contract this deadly virus. so we are seeing the trickle-down effect throughout many of the food stores and restaurant sector today. stuart: the store that you are talking about here is very important, because of the overall strength of the chinese economy. if you got all these fast food outlets, all these restaurants, all these travel companies, really slowing things down, you're going to have a slowdown in china's economy. of course, we can't quantify it but i suspect that is the big reason why our market is down so much. because it's going to take a chunk out of china, right? lauren: yeah. everybody is, you know, paralleling back in 2003 with the sars virus and how long or short, however you look at it, took about two months for many of these companies to recover, but this is 17 years later and china is such a bigger economy now than it was then. so when you look at disney closing its shan

in the last week, look at these, luckin down 24%, yum down 16%, starbucks down 5%.royal caribbean, intercom hotels, norwegian, carnival. over the last week or so some of these down big trip.com, carve value, all down double digits. and the casino operators, las vegas sands, wynn resorts, melco and mgm have a presence, all ranging from down 7%, down 4%, all of these over the past week, check out this, melco, wynn, sand, mgm down double digits as well casinos, travel, food and beverage big hits today in that downside move. back to you. >> wynn and sands rely a lot on that for the profits dominic chu back at hq now we can start doing it again. i turn to sarah and ask -- >> i almost believe you. >> come on of course. what is coming up on "the closing bell"? >> obviously we'll monitor the sell-off, intensifying, 466 on the dow. jeremy siegel will break down the market action, the economic risk after the bell we'll get whirlpool's quarterly results. we have a rare first on cnbc interview with that company's ceo. and a new segment today called "the closer. big-name guests

performing s&p 500 stock over the last decade, up 26% virgin galactic, it took off as well, up 20% luckin coffee up 19. uber a 15% gain this year. and pinterest a 12% gain so far in 2020. what are these moves, if anything, telling us about the state of the market and investor psychology joining us are ryan dietrich, and michael farr michael, i'm not going to judge some of these stocks and say some of them are bad but the reality is most of them were ignored or down for months since their ipo. suddenly they're the hottest thing since sliced bread has the market lost its mind >> i always think the market can remain irrational longer than you can remain solvent that one comes to mindi when you've got stocks moving up and a high momentum market the way we've had at the ending of the year and beginning of this year, money is looking for new opportunities. money is looking for places to go maybe following babe ruth's advice to hit them where they ain't. these things that haven't received a lot of attention are receiving a lot of attention now. is it warranted? some of it i think is warranted. s

as high as 5% new orders up 23% on the dollar and a volume basis compared to a year ago shares of luckinoffee today as they expand in china with vending machines increasing the dominance over starbucks in that country. a nice recovery of the stock of yesterday when it fell let's get over to sue herrera. >> great to see you. hello, everyone. here's what's happening at this hour pope francis asking for prayers as firefighters battle australia's deadly wildfires it came in an unscripted moment with his congregation in vatican city the fires in australia have killed 26 people and destroyed 2,000 homes. record heat and draught are fueling the flames >>> washington state having the opposite problem, too much rain is created mud slides in the western portion of that state. the mud slides are damaging roads and making them impassable. >>> harvey weinstein back in court for day two of jury selection. if the 67-year-old former movie producer is convicted, he could get life in prison >>> and progress on the fight against cancer the american cancer society is reporting the larngest one-year drop in

ipo lockup expired in november so again, shares of luckin falling more than 5% after the company announced a 12 million share secondary offering the company again very hot this year up about 96% over the last year. back over to you >> but falling a little there. frank holland, thank you very much tim, you can get upset about a 5% drop after a nearly double on the year >> no. and this is not only a china play, but a smart hedge fund play the folks that own the stock and riding the stock, again, this was a $17, $18 stock in deck 31, a high of 40 bucks. but if you think about morgan stanley asset management, you have had a number of the big stocks, tiger global being you have a major hedge fund force in here and it doesn't surprise me that there would be a push for some kindly liquidity at those major levels and again, by the nature of people, they are actually shorting the stock the minute they come out or even in advance of so this entire movement based upon moving in the stock, players involved and how they tend to react, this is according to script. >> all right tim, thank you very much a

. >> pete, john in minnesota funny how you got that yes i bought luckin coffee at 38 should i buy morewhat is your price target? >> it's approaching 48 i got in there not knowing it would do anything like it has. they are gaining market share and expanding extremely fast are they in front of themselves? probably this was a stock that was 20 just a month or two ago. i wouldn't be adding, i'd probably be hedging against that stock position he's got. >> thanks for the questions. >>> delta is soaring on its earnings beat. we'll trade the airlines coming up, plus final trades. that's all next. whatever happens out there today, remember, you have the hilton app. will the hilton app help us pick the starters? great question, no. but it can help you pick your room from the floor plan. can the hilton app help us score? you know, it's not that kind of thing, but you can score free wi-fi. can it help us win? hey, hey! we're all winners with the hilton price match guarantee, alright? man, you guys are adorable! alright, let's go lose this soccer game, come on! book with the hilton app. if you find

first one, luckin coffee, this one look at that today $3.50 to the up side he talked about it. was 3w $43. those calls are up like 500% bad side, take a look what i did, targa resources, because some of the oil and gas plays, energy plays are not doing so well today, this one i exited, lost 50 cents on the play. i paid a buck to these calls last week. now i'm out of them for 50 cents. >> lost 50%. >> that's right. 50% or 50 cents. both the same. >> 50% tells you the real story. >> there you go. >> all right straight ahead, the hunt for quality in yield, why it is not as safe as you think according too one investor, but first a check on the zch sectors we told you everything was in the green except for energy, but now communications services dipped in the red as well. that is taking some of the steam out of what was a strong rally on the doorstep of 29,000. backed off a little bit. dow at 28, 895 ke martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it righ

today already, luckin traded as low as 26, as high as 36. volatility out there, folks. buckle up. don't panic. that's why we brought rob on. thanks, buddy. see you soon. all right. i'm going to go back to liz claman. she's in miami. over to you. liz: charles, no panicking here but we are all over the breaking news that's happening right now. we have a wall of worry weighing on wall street at this hour. the outbreak of the coronavirus is expanding as it now threatens to impact the american economy. the impeachment trial of president trump, hey, it could be hours away from a controversial conclusion. meanwhile, at the same time, the democratic race to replace the president, sees polls tightening days ahead of the iowa caucuses. after years of bickering over the terms, the united kingdom is hours away from its brexit divorce from the european union. investors caught in quite the riptide on this last trading day of the month. dow jones industrials down 538 points, the s&p is losing 50, low of the session was 59. we're not far from that. the nasdaq, kind of getting clobbered, down 116