mgm is about to make that happen with bet mgm.he perks for playing, the chance to earn rewards across mgm's expansive footprint from hotel stays to drinks to concerts to concierge services. the benefits go far beyond the playing field. first on fox business, we have the man at the helm, scott butera, president of interactive gaming for mgm resorts. wow. you know, i got to ask you, sports wagering is one thing. now what you have decided to do is weave in all this other stuff. tell us about it. >> thank you, liz. we absolutely love sports fans. there are 160 million of them in the united states. what we found at mgm resorts, we really provide the type of entertainment experiences that people that like sports, like. so if people are betting on sports, enjoying sports, they also, we find, like to stay in resorts, eat in fine dining restaurants, attend world class shows. what we want to do is take that sports better and incorporate him into the ecosystem mgm has to offer. liz: it almost seems like a perks deal you would see in old hote

mgm, the resorts and the stock, right?it is so focused jumping in, getting partnerships, a partnership with mlb, major league baseball, the nba, the national hockey league. they are perfectly positioned. how do you get people to bet more once you're at one of these resorts? scott butera will join us. they are putting together an awards program. you can only imagine what it will look like. charles: mgm awards, sounds likes pretty hip. they have amazing casinos. >> they have casinos and they have shows. charles: right. >> they have cirque du soleil lay. big dates with arrow -- aerosmith concerts or lady gaga. if you bet you will get maybe some of these rewards. scott is the in charge of the whole betting platform at mgm resorts. that is publicly-traded. great for investor viewers. charles: liz, certainly is. we look forward to it. tune into to the "claman countdown" at the top of the hour. university classes are back in session after president trump signing a bill that permanently restores funding to historically black colle

even so, is this a good time to jump in to a company like mgm?e are looking at mgm china obviously as an opportunity to jump in at this stage, because as you mentioned, with the protests going on in hong kong, that area has been beaten down. we think that area will recover, and the reason we like mgm china is because we think there is going to be some scale advantage ofwill get with the opening their facilities, so that is one of the main reasons. we do think it is an opportunity time to jump in. recovery. lorraine, we have had a couple of guests on recently who are very upbeat on japan. i am curious, broadly, how you look at japan equities this year. it does not look like the boj will do anything if ever, and there is fiscal spending. are you on board with japan equities? well, we like some aspects of the japanese equities for the past year, and some of the sectors we really liked were some of the inventory plate sectors, so this would be things like robotics. previously, last year, we did one that has gone up very nicely. the issue here is what

that the majority of visitors come from beijing or guangdong where there has not been the outbreak mgm is proactively following government regulations vigilantly enacting hygiene pl they are prioritizing the health of their guests and of their employees, all the casino stocks in macao have taken a hit this woke mgm did gain back more than a percent of ground today. still the gaming analysts i talked to expect share prices to suffer more before they're on the mend the question is will the week's impact stretch on be enough to impact the quarter results brian. >> we'll find out contessa, thank you very much. anybody on the desk buying any of these casino stocks on this week >> no we talked about this earlier in the week and wynn resorts topped at 150 in the spring over the summer we said it's been in a strain from 105 to 150. held that 105 level. we talked about getting back to that that level. and that happened. despite it's got from 150 to 139 appear where it is in a straight line i don't see any compelling reason to buy this stock into earnings at the end of the month. the answer is n

the third group taking a hit perhaps harder than any other, that is casinos wynn, las vegas sands, mgm china's casino macao turning away individuals travel has all but stopped to these casinos? >> it's down 50% from where it was the same holiday period last year maybe 60% if you include the thishd day and visitation over the first three days of the chinese new year that's a precipitous decline, showing from mainland china. those numbers coming to us from the makoa government the impact on casinos with resorts in macao are showing up. with knee try three-quarters revenue coming from macao, stocks down almost 6%. 17% in a week. bank of mirk downgraded wynn from buy to neutral and lowered the price target to $150 because of the short-term risk las vegas sands translates to 65% of its stocks there and down 50% for the week hong kong-based melco is getting punished, down more than 19% over the last 7 days morningstar points it it may be more insulated than its competitors because 47% come from the philippines but the philippines then get a hit from lack of tourists mgm resorts relies much m

mgm is still down about half a percent. any casino with exposure to the gambling mecca of macao has pretty much turned into a ghost town. not a lot of investors expected this, though. invisalign maker has been falling all day although it punched into positive territory in the last 40 minutes. why? it tempered first quarter expectations on coronavirus concerns. china is one of the largest markets, accounting for 8% of the tooth aligner's revenues. >>> dow jones industrials may turn positive, but dr. ken alibek is one of the world's foremost experts on the deadly virus. he's the author of "biohazard, the chilling true story of the largest covert biological weapons program in the world." he actually ran the secret soviet facilities where the plague and anthrax were weaponized before he defected to america in 1992 to help the u.s. government's biodefense program. dr. alibek joins us now live in a fox business exclusive. doctor, welcome. i have to ask you right off the bat, the w.h.o. inspector general has now said i changed my

neil: mgm resorts international reaching an agreement right now to sell the mgm grand and mandalay baystone in what would be 2 and a half billion dollar deal, not too shabby, there's this, you've out of here, houston astros owner firing former manager and general manager over scheme that apparently is spreading, former miami marlins president david on penalties and what more we can expect, david, what do you think? >> how are you? neil: i'm fine. >> i think that baseball has no choice, they had no choice but to come down hard on the houston astros and what they enabled jim, the owner to do was after mlb suspended those men for a year, they let him come out about an hour later and actually fire them, but this was all planned, it's not as though jim decided that moment to fire aj, the manager and jeff, vice president of operations; this is part of only hope and only pr play in pr crisis 101 to try to get the astros organization to move past this. >> all right, so these guys are out of here, they are also going to be a penalties on first-round pills and all of that, goes way beyond them c

b thines the mgm grand and park mgm in october. >> the gen-zs, millennials, are going to take over therts to the new cohort of people. >> reporter: you're telling me vegas will look drastically different in another ten years? >> absolutely. as far as the product, as far as the way we orient our floors, everything about the landscape of our industry will start to change over the next five to ten years. >> reporter: the first test run came back in 2016 with caesar's in atlantic city. a contract that was not renewed. gray boys has expanded to other states with new games like "neon dream." >> i'm a future tech geek. >> reporter: tech geek and pop culture icon with eight million instagram followers and packed houses across the globe. fewer people are as connected to younger millennials than mega deejay steve aoki. >> i like rolling the dice, you know, i like the experience of being on the casino floor and finding a way to merge those two worlds together. and -- >> reporter: set to your music. >> yeah. you don't have to be the 15-year-old playing "fortnite" in the bedroom, say mom, leave me

the reason we did this is to full faith and credit of mgm the corporation. -- a very safe ebb about predictable kinds of investment which is a good thing for customers. maria: steve let me ask you about the expansion opportunities in retail, because you've been talking recently, and for a couple of years looking for ways to create you costume made products for retiremeaccounts a welcome. >> first of our type to basically focus on retail it is a massive part of the financial system with relatively little what is called alternative asset products. the kinds of things that we do whether it is real estate, or private equity or credit products. >> those people didn't have access to it before. >> well they have some restrictions from the government on retirement accounts. and the products are more implicated to sell. so retailers didn't sell them. we started running like a miniuniversity, to train people, and now we have very large ability to market at retail. so when things follows on with mgm is designing this product, that gives the kind of 5% plus 10 to 12 the

the mgm grand and mandalay bay are being sole, and the price the hotels have a combined 9,700 rooms and 300,000 square feet of casino space. you likely won't notice any big changes because management will stay the same. the annual rent for the properties, get this, $292 million. and we thought new york city was expensive. >> they can make it up at the casinos. >> maybe. >>> hey, coming up, a major development in the baseball cheating scandal. >>> but first the terrifying video as a storm tears through a school gym. hear from the teachers who were there. >>> later a birthday coincidence. the lucky mom who just gave birth to a second set of twins exactly one year after the first. dry. i've tried everything. the $200 creams, the $400 creams... but, this jar works for me. olay regenerist makes my skin feel so dewy and soft and silky and hydrated...incredible. i love it. i'm busy phillips and my skin is confident i can face anything with my olayegenism cleanser. ...take the personal assessment i love the new myww program, because it's tailored to you! and get matched with a proven weight los

next on gaming on mgm resorts, part of a consortium and in a deal valued at $2.5 billion, mgm would receivein cash and continue to upgrade the casino after a long-term lease. blackstone will own a stake in the venture by real estate investment trust. in hongocial unrest kong and chili caused heavy damage or swiss insurer chubb last year. it said protest contributed to $353 million of so-called catastrophe losses during the fourth quarter. that's in addition to damage from tornadoes in texas, wildfires in california, and a typhoon in japan. and months of protest in , so they plan to shut 15 stores after their lease expires this year. this is after months of sometimes violent demonstrations that have driven tourists away. they expected to continue to have an impact this year. the latest in a string of chinese listings in the u.s. as credit suisse and other global banks have dropped out as concerns grow about the level of investor demand. 23 companies have dropped by an average of 13% of their ipo price. markets opening in seoul at the top of the hour. so if you: seeing market sentiment turned

you'll want to continue to watch names like las vegas sands, wynne, mgm caterpillar. known bell weather for global growth. gained back just a hair this morning just over a 0.1% crude oil below $53 a barrel for wti crude down a half a percent. with he watch that for signs of concerns about economic growth around the world a down day for wall street sparking massive selling in asia as markets look to catch up. in hong kong and china are still closed we have team coverage from around the world this morning. matt taylor is live in singapore. joumanna bercetche live in london and eunice yoon has the latest on the coronavirus and latest response from beijing matt, we'll begin with you >>> thank you, courtney. china markets still out of play until third of february. hong kong coming back on line tomorrow broad base weakness across asian markets. australia was shut for australia day. singapore for chinese new years. japan held up okay we did see safe haven in the japanese yen it also negatively impacts the japanese market. up there about half of 1%. resources heavy down 1.3%.

we chose the best partner, mgm, and that lunch in new jersey is our first legalized adding state. >>mes next? >> there are at least five states, there are many states that are legalized, but the platforms are not set yet, so i hope is we have five plus more states. taylor: that was the verizon media ceo. grubhub is considering strategic options including a sale. according to the dow jones, the chicago-based food delivery service is also looking at an acquisition. grubhub is also figuring out what to do if an activist investor appears. the company's value has fallen $13 billion to roughly still $4.5 billion. ahead, we talked to some of the biggest media moguls of the day. for the latest trends, he is at ces in las vegas. this is bloomberg. ♪ taylor: peloton shares are set to wipe out a strong start for the year. that is a small and for investors betting against the company. peloton earnings over the holiday are expected to come sometime next month. back to ces in las vegas, my next guest has gone on record saying last year's big story was 5g, and this year's big story will be 5g. how

we chose the best partner, mgm, and that lunch in new jersey is our first legalized adding betting statecomes next? >> there are at least five states, there are many states that are legalized, but the platforms are not set yet, so i hope we have five plus more states. taylor: that was the verizon media ceo. without a doubt, many media and mobile vendors say 2020 is the year of 5g. among those is the media link founder who joined meet wednesday. >> as we said last year, i think it will come to fruition sooner than we think. the combination of 5g and just about everything that it impacts will have major consequence, and usually that will be positive, from everything i know. the one area i was interested in 5g having an impact in was content consumption, and i was listening to the news the other day from here at ces talking about the other story that continues to be important, autonomous driving, and we believe autonomous driving and 5g will be part of continuing to fill the content. if you think about people commuting, and they will not be literally behind the wheel but have that amount of

wynn resorts down 6% mgm down 6%.reliant on chinese visitors to las vegas and that may be some of those concerns as well industry insiders say the fear hits the stock first before there's any real data that there will be an impact on visitation. harry curtis, the gaming analyst has scents out a note saying if you look what happened with sars, if you look what happened to bird flu in 2008 visitation to macaw dropped p >>> i want to get your thoughts on this. you've seen casino stocks under pressure airline stocks under pressure. some retail names under pressure >> it makes sense as a reflex. wynn is one of the most volatile stocks in the s&p. it moves twice as much as the market airlines similarly, just starting to get a lot of tactical traders on board. then this news that's at least a little bit of a question about volumes. i don't think it changes the overall story. typically they stocks do bounce back >> when you got hong kong down 2.8% and shanghai down 1.4% this morning, i guess the u.s. selling is in perspective

down 7%, down 4%, all of these over the past week, check out this, melco, wynn, sand, mgm down double 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 you need to hear from today's closer is slack, stewart butterfield, kicks off 3:00 p.m. eastern for the closing bell you get the closer >> and you have the market zone still, right >> market zone >> i'm going inside the market zone for the first time. >> going inside? >> sounds like a death match >> into that state of mind >> very careful there. it's crazy >> we'll see you this afterno

here is what's happening mgm reports selling mandalay and mgm grand in las vegas to a joint venture whichack stone. the total price tag is $4.6 billion. iran's president says the crash of a ukrainian passenger plane, which killed 176 people, was a, quote, unforgivable mistake by iran's military. speaking today, hassan rouhani promised all of those responsible will be punished the country's judiciary says some arrests have already been made. >>> south korea's president moon jae-in said he could push for exemptions of u.n. sanctions placed on north korea. this could be a way to achieve an expansion of inter-korean ties he also suggests this might help restart nuclear negotiations between pyongyang and washington and there are some bleary eyed fans this morning, at least in my house, as lsu tigers are celebrating this morning they beat clemson last night in college football's national championship final score 42-25. a celebration parade is expected to take place in baton rouge on saturday you are up to date that's the news update this hour morgan, i'll send it back downtown to you. >> i bet

they carry this kind of insurance >> you won't find insurer talking about their specific clients, but mgmwith the mandalay bay victims for as much as $800 million. 670 of that will be covered by multiple insurers that we know -- >> that was probably a standard liable >> i don't know, but i know the costs the insurers are spending, looking at where companies are vulnerable, and providing immediate monetary assistance, crisis management intervention they case the costs are warranted. it reduces claims and the potential lawsuits. >>> "check please" is next, and you can always watch y ledouiv on the go. we'll be right back. ♪ ♪ ♪ ♪ ♪ ♪ don't get mad. get e*trade, dawg. you still have service? call the insurance company sfx: [phone ringing] it's them, calling us. it's going to be a week before they can get through on these roads shhh, sorry, i didn't catch that. i said ask how soon they can be here right now? what's now? he says they're surveying our property now they're probably at the wrong house i don't see any hovering his name is hovering? look up? by automating claims with machine learni

i profile a housekeeper francis garcia work who works at the mgm grand and she makes $19.51 per hour and under the contract gets 40 hours a week that makes $780 a week and about $40,000 a year. i visited her apartment. she has a nice three bedroom apartment with her three kids, she's raised them on her own >> host: and the tremendous health care. she doesn't pay any premiums for her health care, she doesn't need medicaid or food stamps or welfare and i describe francis garcia as an example to show what a good effective union can do to lift people into the middle class and in comparison and contrast the typical nonunion hotel worker makes $11 an hour in austin don't work 40 hour weeks with maybe 30 hours so 330 a week and maybe 17,000 a year. you cannot raise a family, three kids on $70,000 a year. you can hardly restore salt on that. the union is a great example of what they can achieve and also in the 2,016th election, the union strongholds have moved from blue to red and the very powerful have done a great job communicating with the members although i see them getting involved to m

mgm in the green today that's because the december revenues came in higher than expected even though they had plunged 13.7% in december from a year ago jeffrey put out a neat that says these head winds like the trade war and the turmoil in hong kong are going to ease and the casino stocks are soaring that drop was because the chinese president had visited macow to mark the 20th anniversary of the hand over from portugal to china and with it came visa tremendous strrests >>> most people's new year's resolution seem to be about losing weight or being fit the papa john ceo range in the new year by announcing to his instagram followers that he plans to top his record of eating 40 pizzas in 30 days. he looks thin there. his target is 50 pizzas in 30 days unrelated to the news, papa john's stock fell more than 1% today. >> number one, remember i asked papa john ceo whether they changed the process or not because john said after eating those pizzas he decided -- >> it was not as good when he s was running. >> they said nothing has changed. one, there's that. two, if he's going to order all

it's now 20th century fox because mgm closed its doors. so we have the largest collection of plaster moulds west of the mississippi of everyone, i believe. thank you. >> thank you. [applause] >> any more speakers? seeing none, public comment is closed. commissioners? commissioner. >> so first, it's really good to see so many district 10 -- i'm sorry, i didn't mean to take it from you. [laughter] props to supervisor walton. you've been -- district 10 has been underrepresented a little bit. my business is in district 10, so it's nice to see so many folks from that side. have to give a lot of acknowledgement to the cookery, which is basically like an incubator before we called them that. and i think we got to give special acknowledgement to the businesses that facilitate other businesses, particularly in our role on the commission. so that's remarkable that you've been doing that for so long. we want to of course thank supervisor preston for continuing with the legacy business nomination of gamescape, which was the first store -- one of the f

. >> hey, guy, ayesha curry here and welcome to international smoka at mgm grand. it makes four international smoke restaurants nationwide. it would have been her fifth, but the houston restaurant abruph after just a year and a half in business. >>> up next at 6:30 from parades to polar bear plunges, we'll show you how americans spent their first day of the new year. >>> plus, the tension lingers. the latest on the clashes at the u.s. embassy in baghdad. >>> right now at 6:30, secretary of state mike pompeo is delaying his trip to ukraine and four other countries because of the breach of the u.s. embassy compound in pokeswoman says he monitor the situation and ensure the safety of americans in the middle east. >>> now the violence at the u.s. embassy in baghdad has ended with militia supporters pulling back. >> nbc's alrouzi has more. >> it seems that the protest finally wound down after two full days of violent demonstrations. according to a statement from the joint operational command in iraq, the iraqi prime minister based on his commitments to protect diplomati

m fwrch mgm resorts down almost 6% >> wynn the worst performer in the s&p 500 and ual. >> fundamentalamentals, fundamentals, stick with them. >>> watch the episode tonight. we'll see you tomorrow >>> welcome to the "closing bell". i'm wilfred frost. here at the boeing post today. the stock of halted. now trading again after the company pushed back expectations when the 737 max will fly to the summer it's down 5% as we stand lots more details on that coming up >>> and i'm sara eisen at the word economic forum in davos, switzerland where president trump set the tone early talking about the america's economic achievements huge skpus for

mgm down for the week more than 7% as is wynn and las vegas sands down more than 6%. >>> the impeachmenting today as democrats begin to present their case against the president. elon moy has detailed from washington >> reporter: adam schiff is leading this case for democrats. and he began his opening arguments by appealing to the better nature of his colleagues on both the right and the left he reminded them that alexander hamilton once referred to the senate as a tribunal of dignity. >> it is up to you be the tribunal that hamilton envisioned it is up to you to show the american people and yourselves that his confidence and that of the other founders was rightly placed the constitution and trust you to the responsibility of acting as impartial jurors. >> reporter: now that is a very different tone than we heard last night as the debate over the ground rules for the trial dragged on into the wee hours, tempers flares and chief justice john roberts had to step in and today we heard from senators like lindsey graham of south carolina who made it very clear that those wounds are still open

incidents that happened when they were working there and went on to win oscar for a short produced by mgm called how to sleep. it is hysterically funny if you ever get a hold of it. dorothy had gone to other things, the third person in the picture is robert sherwood who is 6 foot 8. he is fresh out of the army in 1919 and came to work. he said he was a very good writer. frank wanted to believe him. he had been very wounded during the war, he had been shot in the legs. as dorothy would say how did they miss his heart? this guy was enormous. sherwood would go on, to win four pulitzer prizes, these were all unknowns but they all misbehaved tremendously and of course ended up getting fired. it was all because dorothy decided as theater critic by now that she was going to go after broadway producers and ended up libeling them. so really had no choice. conde nast really wanted to fire her but knew she had to go and poor frank had to do it. during the war, he sets up british vogue because he can't export paper from america during world war i. and d sides at the end of the war in 1919 to go acros

if things get worse, i recommend avoiding los angeles sands and mgm.here is lots of spending from the chinese tourists, that's why kuerig got hit so hard on monday and tuesday. now i say keep an eye on macy's and nordstrom. i like estee lauder which was downgraded yesterday in hong kong and mainland china. i need to see more estimate cuts before i pound the table again though, china may get the coronavirus outbreak under control faster than we expect. this doesn't have to be like sars or ebola. we're talking worst case scenario here. p markets don't always get hammered by the outbreaks do you remember the h 1 n 1 pandemic 12,500 deaths. this was a disease that started in the u.s it wasn't enough to derail stock market that was finally rebounding from the financial crisis we never really sold off on that zika virus despite hearing about it for most of 2016. i expect the ee fwobola scare i most likely. if that gets bad, expect the sharp decline. when you consider the history of the disease outbreaks, i think you want to avoid the airlines, hotels, cruise

stocks like american delta and united low urged a gaming stocks like las vegas sands, wynn resorts and mgm rerts lower was having effect of world travel the world travel. so we also like the chinese and theories that may be cliche but they like the campbell okay and also like to buy luxury companies are lower today affection or expedia carnival marriott international all lower apple does the 90 s a lot big business 20% business from china. all lower big rush to safetlike gold us treasuries in the united states this is probably again this i'm not an expert but probably to play sars swine. flu bird flu yeah people of happened there they did it was a blast that better headline for horrible. okay got better, and wall street recovered and hit all-time highs. well let's hope so yeah because we're seeing a big effect right now. but like you said we don't know how long this is going to go this is a different are so we don't all right now you have the super bowl here listed as a loser because you're talking about. >>i mean everybody wants to be a winner and winning it is priceless, but i'm reading

, building a powerful union and i profile a hotel housekeeper named francis garcia who works at the mgmrand and she makes $19.51 an hour and under the union contract to get 40 hours a week. that makes $740 a week and i'll hundred $40,000 a year and i visited her apartment, she has a nice three bedroom apartment with three kids, she's raised them on her own. class and the tremendous healthcare, you've got to mention that. he doesn't pay any premiums for her health care and doesn't need medicaid, doesn't need food stamps and i describe francis as the example to show what a good effective union can do to lift people into the middle class and in comparison by contrast the typical nonunion hotel worker in the nation next just $11 an hour cording to the bureau of labor statistics and they often don't work 40 hour weeks, they offer 30 hour weeks so that $330 a week, $17,000 a year and you can't raise a family, three kids on $17,000 a year. you can hardly raise yourself on $17,000 a year so the union is a great example of what unions can achieve. also, so in the 2016 election is constant and pe

i profile a hotel housekeeper named francis garcia who works for the mgm grand, she makes night teendollars and 51 cents an hour. under the union contract she is 40 hours a week. that makes $780 a week, about $40000 a year. and i visited her apartments, she has a nice three bedroom apartment with her three kids. she has raised them on her own. >> and the tremendous healthcare you have to mention that. >> she doesn't pay any premiums for her health her care. he/she does not need medicaid she does not need foodstamp she does not need white welfare. i describe what a really good effective union can do to lift people into the middle class. in comparison contrast the typical nonunion hotel worker makes just $11 an hour according to bureau statistics. and they often don't work 40 hours a week say work 330 hours week. at $17000 a year, you cannot raise a family, three kids on $17000 a year. you can hardly rate yourself on $17000 a year. so the culinary union is a great example of what unions can achieve. so the 2016 election, wisconsin, pennsylvania, michigan, union strongholds have all fli

mgm resorts and when operate in china and report sourcing the border checkpoints between gambling andnland china have experienced an 80% drop this past weekend and visitors. and eating out at restaurants is not in. at the moment we have restaurant stocks dipping, mcdonald's, starbucks have temporary closed doors in huanggang. they also have a chinese side and its why umc and that stock is pollen. look at the chinese coffee chain, it is getting smacked for a second session, down another 8% and it has had to" if you stores. ali baba has ordered all workers across china, hong kong, taiwan and macau to stay home until next monday. that stock is down 4%. same for workers and the automakers that have china operations, neo, tesla, general motors are down at the moment. neo electric car company down more than 11%. under the best of circumstances, this was going to be a particularly busy week. look at the full screen. we are looking at the most crowded week for fourth-quarter earnings. 14 dow companies are reporting but 140 numbers are coming in for microsoft, boeing, fisa, exxon mobil, caterp

essentially, they went on to win an oscar for a short produced by mgm called how to sleep and it's hystericallyof it. dorothy would eventually go on to other things robert sherard was 6'8" and fresh out of the army in 1919 and came to work and he was a very good writer but frank wanted to believe himd and had been wounded during the war and have been gassed and shot in the legs and as dorothy would say how did they miss his heart? this guy was enormous. sherwood would go on to and for pulitzer prizes become theer speechwriter for fdr. these were all unknowns but they all misbehaved and tremendously and of courseou he was fired. it was all basically because dorothy decided to ask a theater critic by now that he would go after broadway producers and she ended up libeling them and so he had no choice. condÉ did not really want to fire her but knew she had to go and he had to do it. so during the war he said believe it or not during world war i and at the end of the war in 1919 he will go across tode europe and sent set up a french vogue. he's now become the first international magazine publisher i

mgm down 5%.t gets roughly a quarter of its revenue from macao las vegas sands gets 65% of its money there. it's off of 9% on the week wynn is off almost -- a little less now than 1nan 14%. it's turned positive now with nearly three-quarter of its revenue coming from macao. and in hong kong, melco got punished, down for the week some 16% but recovering some ground today. i want to point out this morning a former board member of las vegas sands told me on "squawk box" that online gaming in china over the new year holiday is up 90% from last year's holiday you've got people stuck at home. in china, online gaming is illegal. it's unregulated play. people are going to foreign sites. but he continues this a wake-up call to the land-based casinos because even in this country, that's the trend if knew chfuture of gaming is mobile >> contessa, i wonder, should investors expect pricing actions so that some of these casinos are going to try to get more customers coming in who are not from china to sort of m

it's now 20th century fox because mgm closed its doors. so we have the largest collection of plaster moulds west of the mississippi of everyone, i believe. thank you. >> thank you. [applause] >> any more speakers? seeing none, public comment is closed. commissioners? commissioner. >> so first, it's really good to see so many district 10 -- i'm sorry, i didn't mean to take it from you. [laughter] props to supervisor walton. you've been -- district 10 has been underrepresented a little bit. my business is in district 10, so it's nice to see so many folks from that side. have to give a lot of acknowledgement to the cookery, which is basically like an incubator before we called them that. and i think we got to give special acknowledgement to the businesses that facilitate other businesses, particularly in our role on the commission. so that's remarkable that you've been doing that for so long. we want to of course thank supervisor preston for continuing with the legacy business nomination of gamescape, which was the first store -- one of the f

wynn resorts down, las vegas sands down almost 7% mgm has regrained again, the real question is, what will happen, will it affect not just their january revenues, but all of first quarter for infection and immunity relatively speaking, compared to a couple of the often mentioned previously pandemics what are the relative positives, and the relative negatives >> it's hard to describe a positive but in terms of relative negative the reaction to try to control the potential spread is understandable for those of you in china in to 03. it was devastating we don't have any evidence as yesterd yesterday. >> i think both per tains. this would be people who would pass through a lobby and might become infected. for the most part we can link them so the transmissability may be less. that may be the case everybody. >> have been they have some underlying medical corns, where we had young, healthy people who helped develop disease, and in some instances died. >> doctor, i'm just curious. influenza is rampant in my kids elementary school, it's killed more than 6600 people in the united states alone

mgm said they're just scaling back on one celebration.e today that strong bookings for these casinos heading into next week won't matter at all if china containment efforts don't work this weekend both the u.s. and hong kong listed gaming companies have underperformed the broader markets since the coronavirus news, down for the week. the thing is unlike what we were talking about earlier, if they lose out on visit action, if they lose out on gaming revenue, they can't win it back this was a linchpin for these companies. if they lose it, it will hit hard firms. >> i will say, though, those are stiff declines on a weekly basis, so it's obviously jumpy stocks in general. but it is interesting that the market has decided to just kind of give them a sharp haircut >> it's always absolutely an crucial weak ahead for them, and the fear is how much do people get concerned about it longer term s. >>> we have 4:30 left in the session. we're traden down 170 points or so shortly after the open, so we're a long way off the back. >> yeah, pretty sharply

but lorna tells me i can't say that because mgm movie studio has an older and larger plaster shop, buturs will last 100 years, and theirs will not. thank you. >> i'm tom hamilton. i'm with gamescape. just want to vouch for the legacy business status. basically, gamescape is a place where gamers, the tabletop community throughout the city gather. we have events throughout the week that some are free of charge, so we don't put a price on your ability to partake in what happens at the business. i'd say six days a week, we have varying demographics. so your legacy business status would be wonderful, because we'll continue to operate in the coming years and continue to provide that opportunity for gamers in the city, so thank you. >> great. thank you. >> good afternoon, mr. president and commissioners. my name is scott madison and i'm one of the owners and the managers in ecletic cookery. i was planning on three minutes because that's what was said in the announcement but i'm going to have to edit my remarks. as you know from our application, ecletic cookery is a timeshared commissary with

. >> sands, mgm down, casinos, travel, food and beverage. >> all big hits today in that downside movelcome back to "squawk on the street." dow is recovering today at the 135 points got a number of earnings to talk through, guys, including 3m. we're about to have -- david disappeared. >> he's not there. >> he's going to come back a number of earnings starbucks is going to be one to watch. 3m, though, getting hit in today's trade. job cuts, high demand for the masks. overall disappointment down 4.3%. >> on 3m we're still going to look for clarity regarding the charge, whether the street looking for $0.20 restructuring. on the face 210, look for clarity about what's happening in china and where the savings are going to come. they are talking $11 0 million to $120 million a year as a result of restructuring the loss of the 300 jobs. as for apple coming in asian news wires about the impact of supply chains, not because of the virus itself but because of the controls people can't get to work how are physical goods moved around for fabrication, for sem ply, for testing, for shipping those ar

now, las vegas sands, mgm resorts all told me they're following order precautions to a tee.es wear masks they have cleaning and hygiene in the front and back of the house. the chief executive has the option of closing them all together if the outbreak intensifies. meanwhile, shares have plummeted oh the last week but down 12% it gets roughly a quarter of its revenue from macao nearly three quarters of its revenue coming from macao and they just punished down nearly 20%. bank of america downgraded to neutral on the significant near term risk. dropped it's price target by $10 to 150 and the thing that you have to look at now, take for instance las vegas sands which has its casino once it starts spreading beyond the border then other casinos get hit. will there be an impact on las vegas. so far that's not clear. >> probably not a surprise to see the dramatic drop. 89% in visitors from china the places we were talking with eunice earlier today talking about people don't want to send their kids to school you don't want to send your kids to school you're not going to do something

the largest bet is $1 million that's being placed on the 49ers at the mgm mirage.s if you bet $1 million and the 49ers do win, he gets $1.2 million back on $1 million. so he walks away -- i don't know if it's a he or she but the person walks away with $1.2 million. as you see on that list, you have $684,000, $550,000. a lot of people are placing these huge number of bets on and as i mentioned to you, you know, right now it's a very tight game with the chiefs i think ahead plus 1 1/2 points. stuart: who have you got? susan: i would go with mahomes but that line is not worth the bet. basically it's like a flat rate, isn't it? stuart: you don't win very much and you take enormous risk. susan: exactly. probably not worth it. stuart: like selling microsoft early. susan: it's not your thing, apparently. stuart: who you got there, lauren? lauren: i'm going with the chiefs but i'm not placing any money. stuart: why the chiefs? lauren: because i like the family that owns the chiefs. good family. and it's been 50 years since they have won a super bowl. all right? and i like

mgm, 21%. that's very much exposed. stuart: ever heard of a black swan event? >> yeah. know what it is, right? you can't forecast it, unexpected, hits you squarely between the eyes and wrecks your markets. there is some talk the virus is a black swan event. are you buying that at this point? lauren? lauren: i am buying that. stuart: you are? lauren: yeah. it's going to be a temporary dip, then everyone will be fine. stuart: that's not a black swan, then. black swan takes you down and you stay down. lauren: a gray swan. stuart: in five seconds, this market opens. let's see what happens. three, two, one. bang, it's 9:30 eastern time on a friday morning. check that big board. they are not all open yet. they will. we are off and running. in the early going we are up 100 points already. 101. 29,263. that's a gain of .33%. look at the s&p 500. where's that? it is up .twooi25%. it is up. the nasdaq composite, up half a percentage point. that's a rally. al all-time high, 9,400. how about that. all-time high, nasdaq, opening right from the get-go. >>> now let's get to the casino