scott gottlieb will answer them later this hour. when it comes to your business internet, which is more important? ♪ ♪ okay, i wish i didn't have to choose. like the more i think about it, the more i want to jump to each room. what if i said you can have it all? ♪ ♪ comcast business gives you connectivity that goes beyond. that's what we want! that's speed, reliability, and security, all from one provider. touchdown! get started with internet and voice for an amazing price. call today. comcast business. beyond fast. >>> welcome back l brands nearing a deal to sell victoria's secret to sycamore partners people close to the deal tell cnbc it could be announced this week wexner has been under mounting pressure because of his ties with jeff hi epstein and accused of creating a culture of misogyny and wlamed for the performance of the flagship brand and their transition -- or miss on the transition in terms of what would be appealing to their audience they're going through that transition right now what do you think? can victoria's secre

united states i suspect they'll use those axes for their own people first former fda commissioner scott gottlieb that the us needs new drug policies to ensure lifesaving products are readily available in the u s. >>this extends in china another month or 2 i think we're going to start to see some shortages of critical components health experts on the panel told lawmakers the best way to combat the coronavirus. >>is by investing more money to help local federal and state governments prepare democrat senator kamala harris as small communities are especially vulnerable. there seems to a distribution. >>responsibility but not a distribution of resources former cdc director doctor julie gerberding says the government must been now to protect citizens. >>noting the nature of the coronavirus remains a mystery got to keep up with the state of the science we have filed this and then we need to figure out who's been contacted. johnson says he's planning more public hearings to ensure the us. these ahead of the epidemic in washington recall martin. richmond police are looking for this man he's connected to

i'm listening to a man, scott gottlieb, who is saying these things. i don't think you want to come in 100% wrong when data has it. could be wrong i guess so. cdc moved away from -- they were saying let's clarify, our test does work. when you read the press conference last week, they thought the test didn't work. >> right. >> their test is accurate. that matters. just they have to keep testing, that's something that they didn't realize. >> shares of our parent company are up about 2% on upgrade from moffatt nath on thanson. right after they reported earnings. then the conference call turned things around dramatically for comcast. you can see it there at the end of the chart had they talked about losing for subscribers in terms of video subscribers in 2020, first quarter than they had previously. and it aroused concern. frankly for the entire complex of those who rely on still the cable ecosystem for the bulk of their revenues, all of them came down. fox, viacom, discovery, on and on. but this morning an upgrade based on multiples saying, you know what?

scott gottlieb who has been on our air almost every day warned us he's no longer looking at china toson he's looking at singapore where they had a super spreader in town and seen their cases -- >> super spreader means someone who has infected multiple people >> las vegas sands hasy importa cass. >> in singapore, which we follow as well. melco has important casinos in philippines. i won't if analysts are getting ahead of themselves. >> it peaking in china or what's happening in other markets >> next u credit card debt rising to $930 billion according to the federal reserve bank of new york $930 billion with a b. some red flags serious delinquencies, those more than 90 days late now the highest they've been in almost eight years. no surprise, credit card stocks like mastercard and visa are trading near all time highs. but i want to point out in this same report we also saw that total household debt though it rose to 14 trillion for the first time, as a percentage of disposable income is at loss going back to 1980 >> the ability to carry the debt is higher. >> that's right. >> but debt

scott gottlieb among those being considered meantime the coronavirus is expected to dramatically lowerenue over the next three months as companies respond to the outbreak. and frank holland explains that and more back at hq. >> coronavirus productions and slowdown concerns are expected to cost shipping containers $1.7 billion during the time period of now and april cargo shippers are on pace to cancel 10% of shipments from asia to the west coast 13% of shipment from asia to northern europe. shares falling by double digits, maersk the largest, saying earnings will decline because of the coronavirus impact shippers of industrial goods like metal and grains, also known as dry bulk shipping, their shares also falling. and even more dramatically falling, brie bulk is being seen here on the rails in the u.s traffic down over 6% overall shipment of containers following 6% grain shipments plunging by 10%. but there are some positive trends emerging. despite coronavirus impact, retailers earnings are expected to increase year over year april, may and june. but experts say we will not see the fu

scott gottlieb is joining us now with his reaction.d member. also with us on set to talk about the impact on business in china is the chairman of the greater china region we're going to start off with you here obviously, these reports are just reports are you finding some optimism in them >> well, i think that a vaccine strategy here could be helpful but probably what we might refer to as the second wave. the virus itself does become -- the outbreak going into the spring and the summer. hopefully it won't become an epidemic in the united states. you might see the virus resurface and at that point a v vaccine could be helpful and ready. hopefully small outbreaks. the vaccine isn't going to be ready in time. >> anybody that has what looks to be pneumonia even if they have not been around china and start testing them for the coronavirus. is there a risk that that could set off a certain panic. >> not anyone with pneumonia if you're negative for bacterial infection and you're negative on what we call this whole panel is virus causes of pne

as the former commissioner of the food and drug administration, scott gottlieb, points out to the "washington has been 90 degrees. joining me is nbc news reporter brandi zidrozyn. she studies the millions information. one of the things that we've -- the misinformation. one of the things that we've discussed, the first thing i did when i heard how dangerous it could be, you go to the internet. you find how to how does it spread, where did it start, how do i prevent myself from getting it. the fascination, because we've spent three years talking about political misinformation, is that memorial disinformation and misinformation is way bigger. >> it's huge because there's such a market for it. everybody gets sick. everybody has questions about their health. as health care becomes larder to get and -- harder to get and doctors visits are shorter and shorter, people are increasingly going on line for information. the thing that's interesting, it doesn't matter if it's political or medical. whenever there's a vacuum of information, there are people that will are going to fly in to fill the vacuum. t

i suspect they'll use those axes for their own people first former fda commissioner scott gottlieb that us needs new drug policies to ensure lifesaving products are readily available in the u s. >>this extends in china another month or 2 i think we're going to start to see some shortages of critical components health experts on the panel told lawmakers the best way to combat the corona virus. >>is by investing more money to help local federal and state governments prepare democrat senator kamala harris as small communities are especially vulnerable. there seems to be a distribution. >>responsibility but not a distribution of resources. former cdc director doctor julie gerberding says the government must been now to protect citizens. >>noting the nature of the corona virus remains a mystery got to keep up with the state of the science we have filed this and then we need to figure out who's been contacted. johnson says he's planning more public hearings to ensure the us. these ahead of the epidemic in washington recall martin. >>corona virus c nowhere to be found on wall street. the s and

i suspect they'll use those axes for their own people first former fda commissioner scott gottlieb that us needs new drug policies to ensure lifesaving products are readily available in the u s. >>this extends in china another month or 2 i think we're going to start to see some shortages of critical components health experts on the panel told lawmakers the best way to combat the coronavirus. >>is by investing more money to help local federal and state governments prepare democrat senator kamala harris as small communities are especially vulnerable. there seems to be a distribution. >>responsibility but not a distribution of resources. former cdc director doctor julie gerberding says the government must been now to protect citizens. >>noting the nature of the coronavirus remains a mystery got to keep up with the state of the science we have filed this and then we need to figure out who's been contacted. johnson says he's planning more public hearings to ensure the us. these ahead of the epidemic in washington recall martin. >>well in the south bay drinking water in the willow glen area o

scott gottlieb he's been saying for weeks china is underreporting, so now i think this is a good sign. obviously it's terrible news, but at least we're trying to get more certainty that's what the market wants the market hates uncertainty to the extent we geta very good thing. >> as we watch the market more or less at the flight line >>> tonight, by the way, you can catch the cnbc special report, every night, it's a 7:00 p.m. half-hour show that goes through the advances in the news it has been a daily, if not hourly, store right here on cnbc. >>> mike as today's dashboard. >> we're going to start with "feed the ducks. i'll look at past offerings. is 30 the new 20 the dow approaching 30,000 look at a longer-term context of the major milestones. >> and wants or needs? consumer discretionary versus staples. explore why, perhaps, and then claims settled, some good news on the jobless claims. so there's a saying when the ducks quack, feed them, which means if investors want your stock, you should gel them more. that's what tesla is doing, the stock has rebounded. two billion is not a big

scott le gottlieb is making a house call. coronavirus preparedness in the u.s. take a look at these two stocks both reporting overnight down sharply anheuser-busch and bayer anheuser-busch off 7%. back in a moment >> announcer: don't forget to subscribe to our podcast you'll get interviews, content and behind the scenes access look for us on apple podcast or your favorite podcast app and sub describe today we see heating breakthroughs clearing the air for billions. at emerson, when issues become inspiration, creating a better world isn't just a result, it's a responsibility. emerson. consider it solved. >>> all right, welcome back, everybody. president trump holding a news conference late yesterday to calm american's fears about the risk of coronavirus hitting the united states. >> i don't think it's inevitable i think thatwe're doing a really good job in terms of maintaining borders in terms of letting people in, in terms of checking people. and also, that's one of the reasons i'm here today, getting the word out, so people will know, they're going to know. no,

of the people i have been watching via twitter is the former fda secretary under donald trump, scott gottlieb honest with the american people what to expect. i think that's the right tone. if the president takes that, he will be doing the proper job. i really hope he does that today. >> how much information do you think the president needs to be sharing? >> he needs to be honest. the information we're getting and that we're getting in briefings should be shared with the american people, period. don't sugar coat it, don't have your people out there who are spinning things talk about how it is like the common cold, it's not. don't be out there leading talking about the markets. it is a health crisis. if we deal with this like professionals, like all of the medical professionals have who have been dealing with this, i think the american people will have more confidence and know how to make sure they won't be as exposed to it. i think the president has to find his better self, which we don't always find with him. if he can do that, we'll be in a much better place. >> congressman, thank you so muc

former fda commissioner scott gottlieb said if you could switch every adult smoker who is using combustible adult smoker you will have a profound impact on public health. with this in mind njoy has recognized from conception that contrary to popular opinion addicting a new generation of nicotine users would not further our moral or financial bottom line but would have our undoing but we built our business in accordance with that he feels and the data proves it is working. according to the national youth tobacco survey in 2019 only 1.2% of high school students who used electronic cigarettes within the prior 30 days reported using njoy products. indeed, the most recent national youth tobacco survey njoy youth rates for high schoolers despite being one of the top three national brands is over nine times lower than the combined use of two brands that were not even part of the survey but written in my students use those brands. further, fda's yearly retail inspection dilation data consist of the shows that products are involved in the fewest violations of the top four e-cigarette brands. for exa

these are not just industry , former fda commissioner scott gottlieb has stated that if you could switchevery adult smoker uses tobacco products to e-cigarettes you will have a profound effect on public health. recognized that contrary to popular opinion addicting a new generation of nicotine users would not further our financial bottom lines. we have built our business in accordance with that either those and the data have proof that it is working. school2% of high students who used electronic cigarettes within the prior 30 days were ordered using njoy products. our use rate for high schoolers, despite being one of the top three national brands it's over nine times lower than the combined use of two brands that were written in. yearly retail inspection violation data consistently shows that our products are involved in the fewest violations of the top four e-cigarette brands. beginningiscal year october 2017 the fda recorded more than 3300 violations of njoyh only 20 involved products. the fda recorded 5200 violations next year, only 28 of which involved our products. we strive to conti

take a forceful stance early and calm some of the fears, it strikes me as very similar to what scott gottliebsterday from the medical perspective, former fda commissioner who said look, this is not a time for fiscal austerity, fiscal conservancy, you have to step in now, act very quickly and that's your only way to tie to arrest the problem before it becomes a worse problem. it sounds like that's the same advice you're giving to the federal reserve. >> it's particularly true when your tool kit is not as full as you want it may sound as if you don't have too much left, you better hold on. it's quite the opposite. you don't have much in the cabinet to use, you better use it early and find some partners along the way. >> yeah, isn't this what you're saving the 150 basis points for, something like this that we're seeing >> or at least some of them, not necessarily -- >> not everybody >> and also, i know you would have made this point, but you know, the markets were soothed with words for months last year. before there was an actual rate cut. there was a kind of rhetorical change in posture or a c