panasonic makes batteries for tesla. panasonic seeing rising the most since 2016 after postedla gigafactory profit with tesla now surging 20% on this monday. let me go back to you. how company-specific can we expect moves in asia to be when we have such big macroeconomic factors and uncertainty because of the coronavirus? >> definitely we are expecting to see earnings hit for chinese companies. a lot of discretionary's, consumer companies, are going to take a hit in the first quarter. a lot of factories are not opening. a lot of them, even if they wanted to do something, there is not enough facemasks to go around. ist we are also expecting the fact that the chinese government will soon potentially offer different stimulus together with the pboc that could potentially stir -- spur growth to help offset losses that we are going to expect to see during the first quarter of 2020. stimulus measures coming over the weekend. from the pboc, we will see on the other end of this viral outbreak more sort of fiscal and infrastructur

so you mentioned several big companies there panasonic apple is there any talk about these large companies potentially moving their operations out of china if the situation continues well it's probably too early to comment on this right now but what i can tell you is that i've also talked to some of the companies in sens in one of the major manufacturing hubs in china and they told me that only around 20 to 30 percent of the company's a factory open during the past 3 days so given this uncertainty many businesses they have already placed their orders elsewhere to places like taiwan south korea japan and except they have to do this because they have to continue their production so if china cannot control the outbreak by march or april we might see more and more business leaving china and even reorganize they say they should of the whole supply chain. now there was a counterpoint to this if you look at some of the market activity right now the markets seem to be a little bit more optimistic at least some of them seeing the possibility that perhaps the virus has peaked even foxconn is up 3 pe

ramped up production of that new car factory in shanghai but the latest rise was clearly helped by panasonic which reported its 1st quarterly profit in its new battery business with tesla after going through years of production problems in the legs and then then there was the prediction by our confessed which says that expectations on tesla stock is that it will hit 7000 dollars by 2024 compared to where it was on monday at $780.00 of course that prediction is based on this tesla launching a fleet of portable robo taxi. animists cars. brennan announced plans to ban the sale of new gas diesel and hybrid vehicles by 2035 in an attempt to reduce air pollution and fossil fuel emissions this is 5 years earlier than planned and now more than a dozen countries around the world have announced plans to crack down on the sales of new gas and diesel vehicles consumers will now have a choice between electric and hydrogen vehicles but the challenge still remains if there is enough supply of 0 emission vehicles for everybody in less than 15 years the market share for battery electric vehicles and $29000.0

tesla and panasonic have a partnership. panasonic is holding back on repeat businesses.nies have struggled to ramp up production at the plant in buffalo, new york. they will still produce car batteries together. to salesforce.com. rampedthe co-ceo who we -- who revamped the company stepping down. in his seven years, sales increased four fold. showatest sales reports purchases rose 40%. to the times, expecting temperature then expected scrutiny by regulators. they agreed to buy the financial data for $4 million. we turn to wall street beat and three things wall street is covering. cells property to blackstone. strategys investing different hitting himself -- differentiating themselves. -- joining us is our guests. let's start on the blackstone thing. is this a u.k. thing or a blackstone-global thing? >> it does say a lot about the private equity industry, as it builds the merchant banking division. goldman was an advisor on this transaction. seeing reports around 2016, is when they started the venture at around $2 billion. but then it is a pretty good exit for them. inste

numbering the competition tesla shares also benefited from successful battery joint ventures with panasonic. now let's bring in our financial correspondent charles it's lenny and frank. that massive jump is that sustainable and does that really reflect the value of the company. well tesla's always spent an extremely divisive stock there and has a lot of doubters and has a lot of bulls. a lot of a lot of investors a lot of analysts do believe that this is a shift for tesla they have finally started to really need their their production goals they are ramping up production in china they're building a factory here and germany and they're really positioned at sort of the forefront of the electric vehicle movement so there is a there is reason to be optimistic that that tesla is really going to benefit in the next coming the next few years from that shift and the auto industry but this is a very dramatic increase over the past few weeks the stock is up 150 percent since the start of the year and it remains highly shorted so there there are a lot of people betting against. and i think that there

tesla and panasonic and their solar cell output in upstate new york.go to hong kong -- let's go to hong kong. local media reporting that $10,000 handed out to every citizen over the age of 18 as part of the budget. we are expecting a raft of other measures there as well. hong kong is facing its first back-to-back recessions on record. the coronavirus lowdown is coming hot on the heels of months of antigovernment protest. yvonne man joins us now. we are hearing that the fairly controversial $10,000 to each citizen measure is going ahead. that's according to local hong kong media. what else are we going to see in terms of these fast fiscal reserves that we know hong kong has? how will they deploy them to cushion the impact of the virus? >> it's interesting from the headline. we could be seeing cash hands out that handouts. seeing cash hands outs. will people say that money or spend it? willoughby fed into the right parts of the economy that have been hit hard? smb retail, tourism. the numbers have been bad. in terms of the ample supply of cash reserves,

panason panasonic, look at albermarle, up 13%. livent up 18.7%.nvestors are also glued not just to tesla's minute by minute jump but to disney's stock as the company gears up to report earnings after the bell. we have a gain of 2.8%. while the focus absolutely should be all about the debut of everybody's beloved baby yoda, look at baby yoda, yeah, thankfully to the mandalorian which is from disney plus's streaming output along with disney studios racking up their sixth and seventh billion dollar films of 2019, could the coronavirus outbreak take magic out of disney's future forecast? one disney bull says the virus will not only be costly to disney but could get way worse if it's not contained. that's gerber kawasaki ceo ralph gerber along with porter bibb. how bad could it get? >> we just don't know yet. but seeing as all the theaters in china are closed and they are about to move on, that's not good. and you have the risk if any infected person goes to disneyland or whatever, it could cause a lot of problems if people get scared. we don't want to

tesla just made a partnership with panasonic, and another battery maker in china.hat is the partnership that we are seeing now. it is the battery companies that are securing their supply chain for lithium. partnershipssee is we see takeovers between car companies because they need each other to basically have distribution and money, to move into this space, where tesla is so dominant. amanda: thank you so much for that. newcan tune into alix's special, "ev's: on the brink of change" tonight at 9:00 eastern. it will be airing all weekend. from toronto and new york, this is bloomberg. ♪ mark: i am mark crumpton with bloomberg's first word news. turkey's president is urging russia's president to restrain the syrian government and halt the humanitarian crisis unfolding in northwestern syria. in a phone call today, erdogan asked vladimir putin to fully implement a 2018 turkish-russian cease-fire agreement. the conversation comes as tensions between the countries escalate. into theunion nations summit today after 28 hours without reaching an agreement on a budget. four a

tesla and panasonic, huge inflows in the past couple of weeks. >> tesla is the poster child of a broader trend, the growth of electric vehicle space right now they make up less than 3% of total car sales around the world. it is an $80 million car sales they don't know about the batteries but they want exposure to the broader base. >> i follow tesla and the announcement from panasonic that their reports have been good and smaller companies, through the roof, albomar up 25% on the tesla news. >> there is not a lot of companies in this space. four companies make up 0% of output in lithium. and there is similar in the battery space. >> thanks for joining me etf edge fans don't move a muscle our live on line show starts at 1:00 p.m. eastern. he had rosenberg will be here. factor place, don't miss that one. >>> a bullish call coming up on the street today for inindividualia we will take our positns aadiohe of that. we are back in just 30 seconds >>> a stock we talk about an awful lot on this show is on the move today julia boorstin is out in los angeles to tell us about it. >> that's right. ro

the jump was fueled by news that the company's joint venture to build car batteries with panasonic hasned a profit. an i investor predicting that te shshare prices rise more t than tetenfold by 20.4. tesla shares were already on the up since the company posted its second consecutive quarterly profits last week. now, newst to wrap up figures are showing that viewers are not necessarily switching to apple's new strtreaming service. stephen: one of many new streaming services that came online in recent months. these are calculations from researchers at bernstein, saying only 10% of eligible customers have taken up the offer of a free trial of apple tv plus since it launched in november. apple does not provide subscriber numbers. this analysis was done using accounting figures. an estimate that only around 10 million people signed up in the first month. to give you an idea, disney had that number of people sign up on its first day for its rival streaming service. lots of competetition inin that market. geninie: thank you. stephen carrololl with a look at the business update. i will see you

going on right now in an honest with the consigns around how how all these institutions within a panasonic what do you possibly think are these processes will continue uninterrupted by the disruption that you've just seen to me like come back on that point well. yes i think we appreciate with pakistan is doing for the african peace but part but let's not forget history a little not forget the taliban leadership frequently flies to pakistani cities to consult with their leaders should lie with us. a lot of but no i will come to your question but i would like to say that if pakistan is doing anything it's because of they need to do it because they are the source of the problem and they have been for a brain many many years and that's why hundreds of keeps travelling to g.h.q. and talking to you know of the chief of ok you need to i don't particularly want to get into your relationship between the taliban in afghanistan and the taliban in pakistan and who gets sanctuary where that's a different discussion which we have had on this channel and i dare say will have it again symbolic coming back

japanese car giant toyota and electronics firm panasonic have agreed to set up a joint venture specialisingle batteries. the new company will develop batteries that will be available to any automaker, not limited to toyota vehicles. ryanair says it is not expecting delivery of its first boeing 737 max aircraft until as late as october. the budget airline says the delays would mean that it would miss its target to carry 200 million passengers a year by 202a. the planes were grounded following two deadly crashes that killed 346 people. rya nair reportedly has 135 of the planes on order from boeing. asia's biggest budget airline has denied allegations it was paid a bribe of $50million by planemaker airbus. it was paid a bribe of $50 million by planemaker airbus. airasia says it "vigorously rejects" claims it was paid to buy 180 planes from the european manufacturer. it comes after airbus agreed to pay $4 billion in fines to settle accusations of corruption. let's have a look at the markets. chinese equities on mainland markets plunged almost eight percent as nervous traders returned from their

tesla and panasonic have agreed to end their solar cell partnership.s apparently investigating investigating mattel they received a subpoena for documents related to a whistleblower letter they are began looking into the investigation that resulted in a plan to change chief financial officer and restate its earnings >>> shares of salesforce go down block who became co-ceo in 2018 will stay on as an advisor for one year >>> it has been a volatile session so far some 64% of the s&p is in correction mode. down 10% highs hit just a week ago. joining me now michael pervis. is this it >> i think this is more to come here >> why >> step back a few weeks huge value expansion when you argue the rally, technicals matter a lot. i like to focus on the tech sector that would suggest another 10 to 13% now. it has been a 30-degree up angel here there were a number of times people could have taken a property why now. we have a pretty good excuse now with the coronavirus making headlines here no one knows what the impact is certainly, it is a great excuse to sell. that

this is based on the fact that battery supplier panasonic has turned a profit for the first time. comes to electric vehicles and that has been a big part of driving the share price. you can't keep this company down. when you think of the last few years, hedge funds gunning for it, it keeps coming back. last few years, hedge funds gunning for it, it keeps coming backm does nothing really divides opinion like elon musk. there are a particular group of analysts that seem very particular group of analysts that seem very bullish about tesla and i think that has driven the share price performance. we need to watch it over a longer period. something else helping them is the move to cut carbon emissions. that ties in with the story in the guardian as well, the story in the guardian as well, the greta thunberg effect which is inspiring a whole new generation of online activists. that's right. linked to the previous item with 0fcom, we've seen a lot of teenagers getting involved in political campaigns, driven by the fact that they have a belief in a particular cause and we called this the g

some major movers this morning, shares of tesla soar to a single day after bullish upgrades and panasonicning a profit for the first time names like lg chem, samsung sdi and more adding nearly $9 million in market value. watching shares of alphabet. beating profit estimates and matching profit estimates but bigger than expected losses in other bets and ad business giving pause this morning. joining me with all of this and morning, our guest, good morning to you this is an interesting point we have a market in real rally mode despite the fact that alphabet provided such disappointment >> i was disappointed. these big tech names have the fly wheel of install case in google's case a couple of billion people use it every day. you would expect this sharp decline in revenue growth, last quarter, they grew the ad revenue at 22% in the december quarter that decelerated to 16%. expecting that to be 18% growth. you know that seems small as analysts adjust their miles. that impact is compounding instead of having that 15 to 20% growth that impacts how people should look at this if you step back and

reuters said solid earnings from panasonic, giving a boost.oyota is the only carmaker more valuable than tesla. >>> disney plus has nearly 30 million subscribers, up from 10 million in november. when it launched. disney has forecast 60 million to 90 million global subscrib subscribers. revenue rose to $20.8 billion. the company told investors it could take $175 million hit due to its theme parks in china, being closed because of the coronavirus, assuming -- the company is assuming the parks are closed for two months. >>> while you were sleeping, late night hosts had a field day with the democratic debacle in the iowa caucuses. >> last night, iowa was supposed to kick off the election. instead, they kicked democracy in the hanging chad. >> the democrats found a way to lose the democratic caucus in iowa. the president was delighted by this. he weighed in, tweeting, it is not the fault of iowa. it's the do-nothing democrats' fault. as long as i am president, iowa will stay where it is. was there talk of moving iowa? did iowa decide to retire and

panasonic said its business making batteries for the carmaker turned profitable.e from analysts who raise the price target to $808. managers are earning the senate to remove president trump from office. managers and trump's defense each getting two hours. after that, the senate floor will be open for members to explain which way they plan to vote. the final decision is scheduled for 4:00 wednesday, when president trump is almost certain to be acquitted. bernie sanders seen as the likely winner of the first test to democratic presidential contenders. the iowa caucuses are tonight and a new poll has him winning with 28%, with the joe biden at 21%. one-time front-runner elizabeth warren is in a virtual tie for third at 14%. the coronavirus outbreak has got china rethinking its growth plans. beijing is reevaluating whether the target for growth should be lowered. it's part of a broader review on how the government's plans will deadly virus. the the number of cases of the disease in china has gone past 17,000. more than 360 people have died. outside of china, the phili

. >>> tess lue shares skyrocketed on monday after the panasonic posted their largest property. are now up 300% since last summer. thanks to better than expected earnings and a ramp up of production at the shanghai production facility. we asked about the reasons behind tess lue's surge. >> we have published a report that says the evidence shows the opposite, ceos that embrace sustain blt now will optimize properties not going to happen overnight but they need to start now to secure the next decade >> we promised you arjun would be back with us. let's talk tesla now what has changed to justify this rise >> a few things that have been going on first the q 4 earnings report. this is something share holders have been hoping for they would be able to deliver 500,000 cars this year as well the strong demand on the model x and s and the model 3 as well. there is also the china factor tesla began to assemble model 3s in china many feel they are scratching the surface in china right now >> at davos, we spoke to the ceo of volkswagen. he was saying they want to turn the traditional car co

. >> she is getting some support from panasonic, team usa and the usa federation not enough to get aer travel expenses reimbursed, and she did win silver last week in dubai. you can see more of her in action, including trying to teach me a couple moves at cnbc.com she's not even five feet tall, but she gets in the dojo, and she is just a giant. >> real, real quick, why not 2024 >> they just decided not to, and god forbid because of this coronavirus, the olympics could be canceled? so it may not be ever. >> thank you, jane >>> lauren williams is one of five olympic athletes in history, and the only american woman who win medals in both the summer games and winter games, a relay gold medalist at summer, and then she returned to win a silver in the two-women bobsled. the one hurdle was organizing her finances, but through her own financial wellness organization, she is working with other young professionals to get on the right track. she's also part of our cnbc financial advisers council welcome. good to have you with us i don't know where to start, but where did your interest in financ

panasonic is losing money.rk that will still work together in nevada. blockorce -- keith lessing down, receiving attention than the founder marc tenure, sales his increased fourfold and rose 35%. emergent galactic resuming taking deposits for future trips into space. richard branson's company is trying to maintain momentum despite losses. no information on how many seats they will offer or how much it will cost. anna: thank you so much, viviana hurtado. the world's second-largest mi nor is weighing the impact of the coronavirus. rio tinto says there could be a boost from china's efforts to combat the virus. i am pleased to say we are joined by the rio tinto ceo jean-sebastien jacques. thank you for joining us. we summarized a little of what you said about china this morning. at least the source of the coronavirus, you also said there is some improvement in china at the moment. what is improving? this is an important point to focus in on with the markets as they are. jean-sebastien: we are watching china careful

don't want to miss what he has to say when you u look at tesla, the first quarterly profit for panasonic's u.s. battery operation was just posted. that's significant the gig factory in spark, mov nevada first time they have posted a profit >> phil, would you describe this as an auto industry event of stock market event or both >> both. i would call it both and look in terms of the auto industry and investors, the question is this. do you believe that we are in an inflection point where electric vehicles are going to take off u from from here maybe not huge numbers, but take off from here. if you do, then you say who's best positioned. tesla is best positioned among all automakers no question about that especially when you look at the growth expected in china, that's why so many people are pulling in or putting themselves into the stock right now. >> phil, is there a brand name, a company, that is the leader in charging stations? >> well, tesla obviously has its charging network that is out there. but then you've got charge point. charge america so you've got a number of other firms that ar

. >> more like panasonic michelle so far. >> ty girly is a [ bleep ] snowflake loser bitch. >> [ bleep bleep ] you tom brady, you fat bitch. i hope you cry. i do cry, too. >> why is he running look like forest gump running when he had the braces on his legs? that's [ bleep ]ed up. >> clay matthews is a guy who farts into a bottle of sunny d, puts it in the fridge and consumes it the next morning. >> joey goff throws the football like he's got a [ bleep ] in his pants. >> he looks like every old timey tablecloths in america got together and had an orgy and made that outfit. >> your brain fell out with your hair kicking [ bleep ]. why don't you bite my angry rebel [ bleep ]. >> [ bleep ] you, tom brady. i hope your dog eats chocolate and gets really sick and throws up on your sock. that's [ bleep ]ed up. >> jimmy: you know, when you're attacking -- [cheers and applause] -- the pets you've gone too far. it's thursday night, and that means it's time to bleep and blur the big tv moments of the week whether they need it or not, it is this week in unnecessary censorship. >> oprah winfrey is f

panasonic will end the four year deal to produce solar panels in new york. will still make batteries for tesla vehicles. we're watching the market on a very volatile day. the 10-year treasury hitting a record moments ago. a lot of social media reaction to nye "fox & friends" interview this morning. why bernie sanders is the logical out come of president obama. >> president obama did a wave with fidel castro. there is serious push to normalize cuba. why is anyone shocked this is what we've seen out of that. under the obama presidency those seeds were planted. he has taken them to the extreme but he knew they would grow. ♪ limu emu & doug and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪. >> what i said is what barack obama said in terms of cuba. that cuba

way above. 780 in fact after a price target increase and quarterly profit at the panasonic battery business with the automaker. oil settling down nearly 3% today. officially entering the bear market on worries about the coronavirus and you how the outbreak might reduce chinese energy consumption. as we wait for alphabet, democratic candidates continued their push to break up big tech. so what impact could this have on the company's top and bottom line? here now is adam lashinsky, fortune executive editor, fox business contributor. we also have connell standing by there from iowa. and adam, let me start with you. it is an interesting conundrum for tech. they used to be right there the partners with the left, especially a lot of lawmakers in california. now you hear those lawmakers taking shots at tech, talking about breaking them up anytime they can. what are your thoughts? >> i quibble with the word partners. i would say, but i would agree the executives were overwhelmingly sympathetic to democrats. i was thinking about all this regulatory concern compared with the coronavirus concern. you

he is now the soul ceo of salesforce and elon musk parts ways with panasonic.he second hour of squawk box begins right now >>> take a look at u.s. equity futures. dow open down now by 11 points and which way the wind is blowing it all could change. they expect the coronavirus to spread and brace themselves and plan for potential outbreak and saying it's not a question of if the virus will expand but when in italy there's confirmed cases and 11 deaths and they're now being seen beyond the original epicenter. and a jump of 169 new cases bringing the total to 146 infected and 11 deaths china, beijing will quarentine people >> many investors want to know if production is picking up in china. steve is looking at alternative indicators. >> so the top line data that joe is talking about shows growth of the virus while it continues to spread outside of the nation >> similarly coal consumption is not close to where it usually is that's a big deal in a country that gets 60% of its power from coal all of this is against hopes that china would be getting back to work by th

you know, i think it's '73, i got my first panasonic tape recorder and i used to make those things wheresus batman >> seth: right, sure >> and nixon answers -- they were big hits on the radio stations >> seth: what was your -- 38 years ago what was your public access show in atlanta >> well, it wasn't mine. it was called the american music show in atlanta, georgia and you know, when cable came along, they had to allot a certain amount of channels for the public because the cable stations were using public ground and wiring and stuff. >> seth: yeah. >> so, anybody could have a television show. and you know, here in new york, remember the old "robin byrd show." >> yeah, i do remember the "robin byrd show," yes >> yes i think a lot of kids may remember that. >> seth: yes it was an education, yeah. [ laughter ] >> so, you know, that's what i was doing. >> seth: so you came to new york from atlanta >> yeah. >> and you sort of eluded to in your snl monologue, it was an interesting time to be in new york that had a lot of great elements in the '80s and '90s [ laughter ] because some people woul

los gatos high are in for special treatment a 15 time world champion swimmer is teaming up with panasonic to launch the dive into s.t.e.m. education program. >> education has always been my number one priority. many opportunities i have to inspire young kids to pursue their passions, i'm going to take up that opportunity. >> incredible. that is katie link the key, breaking down what s.t.e.m. means to her. she is launching her new program , at los gatos high school at 11:00 a.m. in hopes of encouraging students to pursue cures in science, technology, engineering, or math. she is expected to share that some the trees she finds between swimming and s.t.e.m. you know, katy is a five-time olympic gold medalist. she is expected to compete in tokyo this summer. she is also a stanford student. she says her number one priority is education, and i love her. what a role model. >> yeah, listen to her. >> and she does a lot of massac county all of those medals. >> right? >> all of those strokes over the years right? >>> all right, well, you are counting all the cars out there and there are a lot of th

tesla and turning things around on the panasonic that has the battery factory would tesla reporting arofit for the very first time on monday. >> thank you susan. come back scott, do you think this is an amazon moment for tessa questioning. >> no i think it's beyond meet moment for tesla. i think they have lost their collective minds and i heard all the crazy numbers yesterday like everybody else. they are making a little bit of money but they still have a lot of things they want to do in a short squeeze undeniably. it has a halo that goes around it as well. how about foam 0, fear of missing out. that's what a large part of this is. if your investment idea buying today because i think the guy behind me is going to pay more than i did, that's not an investment idea. this is gone from an investment to a gamble, i say good luck. >> we hear you loud and clear. thank you very much. what a day. google will open lower of about 40 odd points. their earnings report late yesterday, not well received but for the first time we did get to see youtube revenue, not that great. the stock is down 46-po

billion to stock value, boosted by earlier than expected profitable operations at the and news the panasonicfitable. they pushed past volkswagen in market value. in the last three days, the surge more than exceeded tesla's gains for 2019. let's speak to paul lund of fitch ratings. in terms of the earnings season for automakers in the u.s. and europe still to report, is tesla the one to beat by certain metrics, even not units sold? isl: by units sold, tesla one of the smallest car companies in the world. it produced about 400,000 cars this year, so even behind the likes of jaguar land rover, always the most exposed of the carmakers on a global basis. overall, earnings are going to be slightly depressed. we expect car demand is overly and for some manufacturers demand will be down 5% for the year. andating cash flow profitability and margin will be depressed. matt: i am sidetracked a little by the jlr comment. i wonder what your take is on the viability of jlr, especially given brexit right now and its need for funds. is this carmaker going to last? paul: good question. i think jlr is in a par

tesla and panasonic planted and their partnership at a plant in buffalo, new york after the two sideramp up production at the facility known as the gigafactory new york. they will continue to produce batteries together at the regional gigafactory in nevada. that is your bloomberg business flash. anna: matt has disappeared into the super return conference. he is in berlin. more from him on the private equity front. i'm here with gregory perdon in london. ay need to revisit its toolkit, seeking fiscal action before resorting to its own measures but it might not have the luxury to wait for government to deliver the next big push if the virus turns into a global pandemic so what options to policymakers have left? gregory perdon is with us. let's talk about europe and then the fed. you make the point that fiscal is the new monetary. with that in mind, do you see the ecb doing anything new? any new buying? any quantitative easing, rate cuts, that sort of thing? gregory: as i mentioned before, negative rates helped insulate and helped economies recover, but negative rates no longer work. in

share that -- i would imagine that they want to be free of any supply-chain conrestaurants and maybe panasonic decided to cut deals with other automakers. >> they did announce is deal with toyota where they'll work on a joint venture where they'll make battery packs you'll see this in the allo industry this is going to be more common here, we're already seal it will accelerate over the next few years. >>> this is some interesting new data out of td ameritrade. out of all the attention tesla has been getting, it's one of the most sold stocks by millennial clines in january the trend looks like it will continue in february, as a very small net buyers during the wild ride last week >> absolute lid. let's keep in mind one thing you guys are nice enough to have me on regularly to talk about what our clients are doing if you remember last year, for most of the year, especially when the stock was under $300, we talked about how our clients were net buyers of tesla sixth most-held stocks by our millennial clients if i look at last week, stock above 900 were selling above with both hands, but our clien

panasonic reported yesterday that this a gigafactory in nevada is profitable which was a big hag -- bigank you for joining us. let's get a check of the latest business flash headlines. the former goldman sachs banker has been banned from the industry for his alleged involvement in the missing billions scandal in malaysia. federal reserve says they failed to tell goldman that a businessman who is the mastermind of the fraud was also involved in one bond offerings that the bank handled in 2012 and 2013. they agreed to the fed's order without admitting or denying wrongdoing. the head of business for apple news app is stepping down less than a year after launching a high profile subscription product failed to attract paying readers. she joined amid 2018 and oversaw relations with publishers. news is a key part of apple's shift to prescription services. it squeezes more revenue from customers. taylor: thanks. i want to get more breaking news. china is now saying that the death toll stands at 490. that the coronavirus cases have 24,324. an additional 3887 of those cases have now been reported

itsas lifted by news that panasonic battery plant was already operable. tesla's 26% gain for 2019.y, that is where the leader of the right wing brothers of italy wants the e.u. to compensate members who have lost out by adopting the your. but she does not want to leave the common currency. she has also taken a page from donald trump, saying she will put her country's interests first. i think that what donald trump is doing in usa could work even here -- low taxes, money on investment, defending the italian brand, which is the most important and precious thing we have. that could create a different future for our economy. viviana: earlier today, australia keeping rates on -- unchanged as the specter of a slowdown occurs in the economy. governor philip lowe says it is too early to say how long the impact of coronavirus on the chinese economy will last. global news 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in i'm than 120 countries, viviana hurtado. this is bloomberg. francine? francine: thank you so much. let's focus on t

always been a cult following and cult excitement about this, but now there's a sense that overnight, panasonicin part because of their relationship with tesla. you have glencore, that stock is up big to provide cobalt for tesla. it's more than a car company. it encapsulates all these things elon musk said he was going to do and now more and more people believe it's going to happen. neil: as an investor, you are a very good one, how do you gauge something that might seem like a rational valuation by the typical multiples we use or whatever versus something that has unique set of circumstances and promise, and you really kind of are rolling the dice when it comes to something like that, but how do you play it? charles: just a minute ago i got an e-mail shared by tesla from a subscriber. i didn't get a chance to e-mail back. neil: that was from me. charles: you know, i don't think you can. i really think that you really have to make a whole lot of assumptions about a whole lot of things. listen, ten years from now this could be the equivalent of $7,000 a share but to think it won't be a rocky roa

we'll talk all about this back to new news around batteries being profitable and panasonic and much moretime, they do have airlines that now have limited air travel to and from china as you know due to the coronavirus outbreak but we want to talk about ways you might want to try to protect yourself not to china but even in the united states. joining us to talk about the assistant professor at lsu and tulane university. good morning to you. we were talking to dr. scott gautley yesterday. he said that actually a mask, everyone likes to wear masks and things on planes but that may not actually help the cause. what would you do? >> there's certain times that you can use and some that are not very effective the ones you can get from a regular drugstore, that's not going to help because the mesh of the mask, the particle of the coronavirus or most viruss are going to go through that especially if it gets wet from you reathing >> doctor, i went on amazon looking to buy some masks and 40 of them are going to cost me $240 plus $80 in shipping. is that higher than normal. >> it's a little bit of a

researched increased to 808 from 556, this tesla top shareholders increased position in company you have panasonicgs, almost 20% higher yesterday stock was 20% higher, a risk 567 pullback would you get in? we have -- earnings coming out starting with disney so disney last quarter in q4 previous quarter you saw earnings drop we are expecting same earnings per share to drop 21% to 1.44 with revenue declined 36% we are going to be paying close attention to the disney+ numbers getting those numbers streaming service you also have ford, expecting weakness in china, they discontinued, so that is going to hurt middle east, africa china nonetheless all that after the bell. maria: accrue kristina partsinevelos on the floor of the nysc. >> "varney & company" host his show hey stu what is on deck. >> i want to add one point to the chaos coming out of iowa. maria: yeah. >> the turnout for democrats was actually way down, compared to 2008 weren't expecting that more confusion as getting rid of president trump they have republican caucuses in iowa numbers way up i consider that to be a real problem for the demo