house ♪ ♪ hold tight wait till the party's over ♪ shoulder tight ♪ >> i'm carl quintanilla with morgan brennanortt at post 9 of the new york stock exchange a big selloff in places, within thre

morgan brennan and steve kovack join me now.g it as a buy from neutral, raising the price target to 168 from 156 that's a 20% upside from where shares are trading right now goldman saying inventory, restocking and other favorable conditions, morgan more interestingly this is the stock that for years has been caught up every time there's a bad headline on tariff news or the economy. now here we are in the middle of the coronavirus and they're getting this upgrade. >> that's why it's surprising and the fact that goldman would turn bullish on this name. attractive risk versus reward is what was cited in this note. basically it's an improving scenario for inventories here, basically that maybe it can't get any worse, can only get better. >> that's what i was going to say. >> that means the stock has gone down so much that it's now a good buy. >> exactly. >> do they have a point, dom with so many of these names that are not maga, the trillion dollar companies, if you will. >> yes. >> is there a case to be made that they are kind of a

click, call or visit a store today. >>> busy earns afternoon morgan brennan has galactic's numbers. >we're seeing a whipsaw. here's a breakdown of the numbers. net loss for the fourth quarter, adjusted ebitda also negative, 55 million either metric you use represents a wider loss year on year revenue, $529,000. they're not going to say if it's a beat or miss, because there's only two estimates on the street cash and cash equivalents, and what's important is the future outlook. company says it received nearly 8,000 registrations of interest, 7,957 to be exact. registrations of interest in flight reservations over the last 14 months that's more than double the number that the company reported -- last reported back in september of 2019 it's the reason i think -- key reasons why the company is announcing a new initiative, one small step, which starting tomorrow goes live online, and would take a fully refundable deposit of $1,000 from prospective future flyers and push them to the front of the line when the next ticket sales do in fact become available. that being said, no detailed timing

i'm sara ice extent. >> and i'm morgan brennan. along with mike santoli.at how we finished the day. the dow is a few attempts to go positive, though down lower, pretty much flat, capping off a very strong week for the markets. there is the s&p 500, closing up about six points for the week, that's good for a gain of about 1.6. the nasdaq the star for the week, as usual also closing today higher. the russell 2000 index also had a pretty decent week down about a third of 1% good for a second week in a row of gains after a 3% higher week 69. >> yeah, real estate utilities were the best performers the dow utilities also had another sector energy was the worst performer, the low yields driving the higher utilities, defense plays and different plays. we have our closer mike novogratz joining us coming up where he sees opportunities outside of clippo. joining us to talk about the market day, michelle mckinnon, and still with you nancy tengler. first let's start with mike santoli. mike >> pretty subdued day. treasury yields down again it's happened every day since

i'm morgan brennan in for sara eisen thattic a look at that on stock. stock is down.rest of the market is lower as well >>> let's have a look at what's driving in the action.

i'm carl quintanilla with morgan brennan and jon fortt at post 9 of the new york stock exchange we'reoing to start today with morgan stanley's $13 billion akwy sessiak ak akwywy situation of e-trade. will has the highlights. >> hey, carl as you said, just last hour we were talking with james gorman, the ceo, and said he first got attracted to e-trade back in 2002 when he was still at merrill. he said the conversations this time got real in december. here's what he had to say about that $13 billion price tag >> i never worry about strategy. i'm never trying to copy what somebody else is doing we have to do what's right for morgan stanley you have to be opportunistic, move and move quickly. we put in a very full, i think appropriately, a bid for a great company with an iconic brand if we tried to to do it on the cheap, that would have created turmoil. you get the job done that's what we did >> this is what he said about the rationale for the deal >> we bring in a group of technologists that i think will drive technology platforms even further than that we've been able to do they have on

corporate media reporter and contributor ed lee and i feel like we work together we're together a lot morgan brennan, hi clark kent, also known as robert frank. there's no phone booths. much more difficult. >> go to the starbucks there's always one somewhere. >> shares of bed bath & beyond plummeting the ceo says the company is experiencing in his words short term pain. citingen creased promotions, falling store traffic and inventory issues this is really pretty hideous. down about 20% on pace for the worst day ever for more, let's bring in and welcome cnbc.com retail reporter lauren thomas! lauren. >> hello. >> you hear that >> i can hear it, the applause great. >> how are you >> i wish we had that. >> i asked for that. we haven't met what the heck? >> why not >> the warm welcome joe is known for. >> they still don't sell beds. >> still don't sell beds you can get everything else beyond the bed. >> bed bath & beyond what really happened here? inventory. >> right i think they said it was a whole host of things, inventory management which a lot of retailers struggle with. not having the right things

. >> morgan brennan. building on yesterday's strong gains, you just heard wilf mention the major archlgs are firmly back in positive territory for the year energy leading the sectors today, the first time in six sessions and the nasdaq is the laggard with tesla seeing a sharp pullback following a massive year-to-date run sara eisen is with us at nike headquarters in new york for a big interview. >> good afternoon, morgan. i am here because nike has just unveiled its new olympic uniforms it's all about sustainability. they're made out of crushed up shoe parts and recycled polyester. you can see some of them behind me i'll show you a lot more and i'll speak with the brand new ceo. it's a cnbc exclusive and his first time talking for this big innovation event nike is hosting here in new york that's coming up later on "closing bell." >> i notice mark gilbert, your producers have been tweeting out some of the other things they've released, including the sweat pants they would wear if team usa wins any medals.

hey, oh, hey, oh ♪ ♪ walk like an egyptian >>> good tuesday morning i'm carl quintanilla with morgan brennanive at post 9 of the new york stock exchange we'll start with tesla, obviously surging today more than 15%, crossing over $900 at the open, doubling since the start of the year. our mike santoli says it's traded eight times the amazon or apple. we'll talk about why -- are have you changed your tone, pierre, given that your target remains unchanged at $800? >> you can't say i've changed my tone my tone remains exactly the same we have graded tesla a few weeks back, $800 price target. 2 million to 3 million units in 2026 and if you put that into the stock, it's probably worth $800 today. i think at $800, the stock reflects a company doing 2.5 million units in 2026. they could do better than that, a bit less than that it will be difficult to get a fundamental catalyst giving you increased confidence on whether they can do better than that the second thing -- go ahead >> you called out for a potential miss on margins in q1 and a y disrupting the three in your view. how confident are you in

street and "squawk alley" is live ♪ >>> good wednesday morning welcome to kirstie alley i'm with morgan brennannd jon fortt here at the exchange we will start with the markets after the worst two-day slide for stocks with the dow following 2,000 points just to start the week bob pisani's on the floor watching what's going on, on an important day. >> very different than yesterday. early signs is the turnaround is good boeing, gm, microsoft, even jpmorgan doing well. no big sell-off mid-morning. china rebounding banks doing better still not a big market leader. semis rebounding industrials better energy fading a little bit this has never been a big outperformer at all. where's the bottom it's very simple, it's very unusual to have two days like we saw monday and tuesday 90% downside volume. that doesn't happen back to back very often usually signs of a bottom, whether they're selling exhaustion or demand is improving. simple supply and demand right now demand seems robust. in terms of what we're doing, i think it's alarming to see a 50-point move prior to the open. this is the european open. we s

i'm morgan brennan on the floor of the new york stock exchange canopy growth post it's up on earningsit mark a turnaround for the overall space? let's look at

. >> morgan brennan.rday's strong gains, you just heard wilf mention the major archlgs are firmly back in positive territory for the year energy leading the sectors today, the first time in six sessions

here with their takes on the headlines courtney reagan, robert frank and morgan brennan.h & beyond trying to solve quote purchase paralysis spending $400 million to declutter stores and upgrade the ceo saying too many options and lack of price clarity led to shoppers leaving empty handed and while shares up 8% on the week investors warming up to this as the day goes on but it make sense >> i think it could. i am reminded of macy's. i remember giving an example at one point, not so many years ago saying do we need 15 black pumps? it's a little overwhelming for folks. both on loon and in store. they come to us so that we cue rate fashion for them. and they cited examples where that did work and i think it could work i think you can go too far the other way. >> right no one ever says walmart suffers from too many options. >> i think walmart and target have many, many items and many, many different kinds of products and an article example is can openers. do you need 12 kinds maybe like three or four of the best whereas walmart probably doesn't have 12 can opinioneeners even a

right ♪ ♪ play that funky music, white boy ♪ >>> good tuesday morning i'm carl quintanilla with morgan brennan fortt at post 9 of the new york stock exchange markets reacting to the apple news over the weekend. a lot of news for the long holiday weekend coming in. >> we'll e get right into that with apple it is sinking this morning and taking the dow down with it after warning it's going to his second quarter forecasts on revenue due to cocid-19, the coronavirus. our guest joins us now >> good morning. >> you feel confident this is a shorter-term issue even though to my eye apple seems to be backing away from that shorter term position, explaining why it's no longer sticking to its previous guidance saying it's going to update us in april. what makes you still feel pretty good about the limited impact of this virus >> yeah, i mean, apple did say that but they also gave more color on the fact that overall they're strong but there's no quantity final guidance so there's no help on the press release they gave. the biggest issue seems to be the supply chain ramping up. facilities are getting opene

i'm carl quintanilla with morgan brennan an jon fortt at post 9 of the new york stock exchange a flatarket today but a lot going on we have a lot to get to with our first guest, pinterest moving lower, amazon with a judge temporarily lock bblocking jedia lawsuit. but roku up. yelp going the opposite way. mark mahaney joins us live from san francisco. happy friday good to see you. >> happy valentine's day >> absolutely. let's start with roku. your title is stream it loud, stream it proud. >> yeah. >> what's the important dynamic on this name right now >> right now it's active accounts they grew 4.6 million, more than they've ever added before. i heard jim cramer saying earlier today people shouldn't be surprised given the streaming wars people are somewhat surprised. this is a company that can sustain premium, i think 50% ad revenue growth for the next several years. they generated about $700 million in ad revenue last year. i think that's less than 1% or just around 1% of total tv advertising revenuerated in the u.s. last year the market is going to streaming so we like roku. we think

i'm carl quintanilla with morgan brennan and jon fortt at post 9 of the new york stock exchange a bita sell-off at the open, but answered a little to the upside down 100 bob pisani >> we bounced, drifted back down and now we're down about 100 points on the dow. this is a pretty modest response considering if number of coronavirus cases has expanded dramatically, not surprisingly the china etf weaker, industrials as well, bank stocks negative initially, now positive still a pretty modest response to the news. coronavirus, a lot of different stories. alibaba said it's possible we could have a significant impact on china's economy potentially affect the global economy. ralph lauren talked about store closures, two-thirds of stores are closed nestle says operations have resumed but with a lower amount of operations overall. nu skin talked about significant decline, 20% to 25% decline, down 15% some ups and downs here. retailers, these stocks have practically become day-trading stocks they've been up noticeably in the last couple days, down noticeab noticeably some have significant operati

we need the funk we got to have that funk ♪ >> good friday morning i'm carl quintanilla with morgan brennanon fortt at post 9 of the new york stock exchange obviously a sell-off is in place, although we're off the session lows, dow down 250, obviously yields a big part of the story. we're on pace for our first weekly drop in three weeks for all the major averages as a sell-off steepens today thanks to weak pmi data nasdaq down another percent today. where do you look for value now? jake paulson and mark mahaney. good to see you both >> good morning. >> thanks, carl. >> jim, what separates today from another garden-variety growth scare and are bonds suggesting that we're looking at a global recession? >> yeah, i think this is less about the coronavirus today, carl that's the catalyst, but i think this is all about the bond market and are yields going to break to record lows in the united states. they already with the 30-year. we'll see if the 10-year holds i think it's creating fear what does the bond market know that the stock market doesn't? i would suggest that the bond market's message i

house ♪ ♪ hold tight wait till the party's over ♪ shoulder tight ♪ >> i'm carl quintanilla with morgan brennanortt at post 9 of the new york stock exchange a big selloff in places, within three points of a 1,000-point dow decline. >> massive market sell-off is where we begin this morning. kevin koran and keith lewis join us now on today's down swing keith, the pullback we're seeing right now, start of a larger correction how are you position organize how would you be suggesting investors position given the steep moves we've seen today >> first, good morning well, from our perspective, back in late january, we downgraded our near-term equity outlook to neutral, and part of this happened before the coronavirus. already we had stocks at a cycle high, the sentiment that was stretched and we've gone over six months without a normal correction you lay on the coronavirus, which provides for uncertainty, and we think the risk/reward near term remains mixed. from our perspective, that means maybe bringing equity allocat n allocations that have run up a little bit back to target. some of our more tactic

i'm carl quintanilla with morgan brennan at post 9 of the new york stock exchange. is in san francisco today in our one market bureau. a lot more with jon coming up this hour. three members of fang trading at all-time highs today with the nasdaq but we'll start with tesla, up again this morning. >> one reason why the stock might be moving higher today is because of the positive reports out of china that the tesla plant in shanghai has reopened and has resumed production we say these reports because this is according to local media. we have not heard confirmation from tesla itself. unis une says workers er ers we entering wearing masks to start production carl mentioned the volume last week, 172 million shares, way, way, way above normal. now to that exclusive data it has to do with the battery cost for tesla and other automakers as they're building electric vehicles. look how much it's come down for tesla. this is according to paired energy research advisers they basically look down battery, look at the battery pack, the management system and they say tesla is now d

i'm carl quintanilla with morgan brennan and jon fortt at post 9 of the new york stock exchange obviously sell-off resuming today. the dow extending losses from a thousand-point drop on monday when stocks had their worst day in more than two years big tech lost more than $200 billion in market value yesterday thanks to the sell-off microsoft, apple, amazon all down more than 4%. dan niles from alpha one capital joins us on the phone. we've been through some challenging times together, you and this network, as we try to address global issues. this is one there's not an easy edge what does the playbook look like from your standpoint right now >> i think the way i look at this is simple what's your risk/reward at any point in time. there are certain things we know for certain. one, we know for certain the markets are at record value. my favorite measure is i take the valuation of the entire stock market and i divide it by gdp. if you look at that, you're about 1.5 times, exactly where the market was in the late 90s when you had the tech bubble the second thing you know is etf is coming down

i'm carl quintanilla with morgan brennan and jon fortt at post 9 of the new york stock exchange casper'sing. we're awatting the first trade at the nyse. bob pisani is on the floor what's going on, bob >> casper is opening at $14.50 remember, priced last night at $12 after earlier indications earlier in the week $17 to $19, a haircut at $12, opening at $14.50 terrific timing there, carl. this has been a long route for casper, been private about five years. investors have been pushing back against these money-losing companies that have been out there recently the days of growth at any cost seem to be over. investors want profitability or a haircut and they got the haircut here, opening to the upside, in the direct to consumer space that's been challenging. you see what peloton has been going through. smile direct as well a lot of competition out there old-school people that are publicly traded like temper saly out there, tpx the symbol. they're profitable for many years. purple innovations, they or profitable but barely. ipos on fire this year new high for that basket of ipos that are out

i'm carl quintanilla with morgan brennan, jon fortt at post 9 of the new york stock exchange.usy day, whether it ta's the j number or the interview with mike pence or uber, saying it will reach a key profitability goal sooner than expected. it's up 8%, on pace for its best day ever, believe it or not. two guests join us happy friday best day ever. do you think the commentary reflects that, moving the target forward reflects that? >> yeah. what's the basic investing model of every softbank vision fund company? we're going to dump capital in the market so we own the market share and then raise prices. they're saying i'm going to raise prices in california, raising prices. everywhere else, so valuable, we're raising prices >> we'll talk about that in a moment quick, though, let's get to the fed releasing its semi annual monetary report to congress. >> the fed is raising concerns about the potential impact of coronavirus on global growth in that report, the fed mentioned the virus as a, quote, new look to the outlook and said it could lead to disruptions in china that spill over t

i have to applaud your program, cnbc, having morgan brennan and michael sheets it's a real competitiveantage to have that quality of content focused on the space economy. kudos to you guys. >> the only thing i do wonder is the cost of entry to some of these you know the tickets to go into space, revenue that is implied and share price for virgin galactic. you've said it yourself that there's a will the of success already priced in here no matter how many people are watching it, get excited about space, it's still a very expensive ride >> depends on what portion of the population not just the 1% of the .1% probably the .001% we're talking about ferrari owners and the like. whether a few hundred people or few thundershowousand people goo space, we are going to be putting key decision makers, folks with social immediamedia lores into the tens of millions, go up, look at our fragile planet, come back, tell the story of what they saw u and that's an innovation catalyst for more commercially and important and viable investment that goes beyond that. while space tourism might be a niche marke

morgan brennan has been digging through the numbers. what do investors need to snow. >> we're on pace for back to back 3% or greater declines in the dow transportation average just to start the week the last time we saw moves like that it was nearly four years ago. obviously passenger airlines getting a lot of attention today given the very big moves to the downside that we're seeing in american, southwest, alaska, united and cargo airlines, names like ups and fedex some of the biggest losers key reason, air freight data, getting some of the freight numbers in the midst of the coronavirus outbreak for january, a report came out today report today showing asia pacific numbers and eurozone numbers. >>> recent data suggests that the coronavirus is already driving negative consequences more dire than sars and can produce short-term economic calamity rivalling the 2008-2009 recession. that may sound sensational, but there are all charts and data points to back up that claim just to put it in perspective. hong kong volumes in january, down al

i'm morgan brennan in for sara eisen thattic a look at that on stock. stock is down. another 9 1/2, keep in mind, the rest of the market is lower as well >>> let's have a look at what's driving in the action. plus an increase in news coronavirus cases, declines are being led by tech. microsoft, amazon and apple all sharply lower today. thomas peterffy is the chairman of interactive brokers he's our closer today coming on the heeled of the tie-up will he now sell his companies we'll ask hem later in the show. clearly coronavirus, again still only down just over 1% the markets overreacting >> i think if you do the math, basically if you lieu -- that only represents about 1% of the earns of the company no indication that this is nothing but a short-term problems >> let's get on the base stories. seema mody -- steve liesman tells us what the fed is talking about. first, let's start with seema. that safe haven play is certainly evident in different parts of the market. one standout is shares of the post 5 a new record high, up 7.6% certainly outperforming on a day. a pause

. >> thank you, mike and thank you to morgan brennan.me conversation elon musk hachced oi wards following bill gates latest car purchase we'll fill you in after the we'll fill you in after the break. on a flexible wealth plan. and with new brokerage accounts, your cash is automatically invested at a rate that's at least 20 times more than other advisory firms. personalized advice. unmatched value. at fidelity, you can have both. unmatched value. i cowe can do theyour screening at her house. hi. this is the man that's going to check your eyes grandma. cognizant ai solutions are helping healthcare companies advance diagnostics and prevent blindness in patients with diabetes. everything looks good. you have beautiful eyes. ♪ . >>> up next, battle of the billionaires bill gates bought himself an all electric porsche and tesla's elon musk had choice words process the call we'll discuss when "closing bell" comes right up through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from m

i'm carl quintanilla with morgan brennan an

we need the funk we got to have that funk ♪ >> good friday morning i'm carl quintanilla with morgan brennan exchange obviously a sell-off is in place, althougwe

i'm carl quintanilla with morgan brennan and jon fortt at post 9 of the new york stock exchange we're

i'm carl quintanilla with morgan brennan at post 9 of the new york stock exchange.on coming up this hour. three members of fang trading at all-time highs today with the nasdaq but we'll start with tesla, up again this morning.