wynn addressed the outbreak on the earnings call. contessa brewer listening in and has details. >> yeah, coronavirus talk of the erwin resorts. the ceo kicked off tackling the challenges in macao where wynn gets three-quarters of the revenue. >> it was a controlled and organized closure of casino. we do have the hotel and a couple restaurants open for the few remaining guests in macao. but during this time while the casino is closed, our operating expense burn rate is roughly 2.4 million to 29.6 million a day. >> 2.5 million used every day. he sates it's largely payroll for the employees. he says the focus has to be on them the casino is on the hook for the salaries even though the gambling seize there is preventing chinese tourists from traveling. can't come to the united states or go to las vegas that segment already suffered already np the volumes down 30%, a $50 million decline in ebidta. plus wynn's las vegas presiden says the far east visitors, well, they can't get back to china. they are gambling at wynn and other casinos. she

plus the other names keeping the market great place your bets, wynn and las vegas sands rallying on a big upgrade despite concerns about the coronavirus. the investment committee is ready to go. "halftime report" starts right now. >>> welcome. good to have you with us on this wednesday. joe terranova, john najarian, carrie we begin today those new records for stocks all three major averages extending their gains. joe, dow, believe it or not, only 500 or so points away from dow 30,000 they recommend buying on weakness that's what investors continue to do. they reiterate their year-end price target of 3600 nothing can stop this stock market. >> did they mention the federal reserve at all they should be we sat here yesterday and listened to chairman powell and the testimony and nontraditional questions and i think those nontraditional questions were being asked because there weren't relevant questions to be asked because the environment for the federal reserve continues to be a nonfactor. and that's a good condition. it's about continuing to give the liquidity to the markets. >> yesterda

companies there las vegas sands, wynne resorts and mgm resorts. melco there as well.ave recovered off the lows casinos are bleeding money wynne is spending about $2.5 million a day on fixed costs, mostly salaries mgm daily costs $1.5 million banning tourists from other places like the philippines. the u.s. is barring anyone who has been to china in the last two weeks from entering the u.s. it is a blow to las vegas. the pimpact is so severe. it has withdrawn financial guidance for 2020. >>. >> caller: we look to calendar year 2020, we expect certain head winds that are unpredictable within a reasonable range of accuracy we are currently navigating an extremely fluid environment with the coronavirus which we are taking very seriously. >> joining me now, analyst and director covering gaming, lodging and leisure. you have a lot going on on your plate today? >> we do aside as you mentioned what we cover in global leisure. talk to me about what is happening and what has warned the risk of coronavirus puts into question credit worthiness questions about wynne resorts. >> th

the major players lower this year due to the macao exposure when wynn reports one options trader betsould be due for a win. options play chief strategist tony zang is here to break it down where are they falling >> wynn reports earnings toth. implying 6.2% move significantly larger than what we've seen. 2.7% and reflects the market's fear on the coronavirus and their exposure in china. today what we saw earlier was a fairly large 806 contract risk reversal traded. the breakdown of this trade, the seller sold march 20 110 puts and paid for a 150 call fairly far out of the money net/net this trader paid about 5 cents for this particular spread and if we understand this particular strategy we have to look at the risk profile at expiration which requires a 14% move to the upside and 9% move to the downside to break even to the downside but to understand this particular trade, before expiration the trade acts pretty much like a stock so this trader has notional stock value of about $3.5 million while putting just the small amount of capital at risk to take thissing long stock exposure goin

chris wynn has more on what these restaurants are doing. >> reporter: 49ers fans are busy firming up their plans for super bowl sunday. >> we're going to put a brisket on. have a big old barbecue, have a bunch of friends and family over for the 49ers game. >> at my sister's house there's going to be 30 to 35 of us bringing their little ones. >> first we're probably going to hit costco. we got everybody coming in. >> restaurants will be staffed up to accommodate. this restaurant will have special sliders and chicken wings in addition to their regular menu. whether you're dining in or ordering through door dash, they will be ready. >> promotions in house where you get a draft beer for $6 which is amazing as well as the different catering options. >> reporter: this bar and restaurant downtown expects a boost in business during what is typically one of the slowest weekends of the year. >> swag give aways from the niners themselves. we're prepared, ready for a huge crowd. >> reporter: this cup factory has seen a huge demand. >> it's really neat. >> reporter: a chance for fans to celebrate

we can tell you that wynn resorts is lower in after-hours trading.arter operating coming in below analyst estimates. what we are paying attention to is it is losing $2.5 million each day on the closure of casinos because of the coronavirus. obviously, that is something that will be weighing on investor minds. the ceo says it is still too early to say when macau will reopen for business because they are taking measures to contain the outbreak. joe: and we have earnings from take-two interactive, the videogame company. that company going slammed down 9% after hours. the company sees q4 adjusted revenue in a wide range, 540, to 590. analysts expected 560. revenue also missing. lot ofthe flipside, a building optimism about uber. firster when the numbers came out, down and then up. now up 8% after hours. the company now expects it will achieve profitability in q4 of 2020, which is a year earlier than expected. in 2021ear profit expected. does this company have a path? they are saying the path to profitability is there. meanwhile, the numbers for this quar

macao represents a significant source of revenue for companies line wynn and las vegas sands. shares ended the job high, in a note that business will likely remain slow >>> speaking of travel, that industry is certainly feeling the impact of the coronavirus while choice hotels has a pretty small presence in china. all of their china-related locations are temporarily closed meantime shares of choice trading higher on the back of its quarterly record joining us from washington, d.c. is patrick patience. any more color you can give us on the hotel, how long you expect them to be closed >>. >> yeah. it's been impacted in a pretty significant wall it's also a transitory issue for us we're following the guidelines of the government in klein with regard to how long the hotels will need to be closed so while we're, you know, paying attention to it, it is only seven of our 7,000 hotels that are in china so it's a very minimal impact to us, but we are watching it closely to make sure as it evolves we make sure what's happening with our teams in that market >> as it relates to the other

wynn and las vegas sands also higher after an upgrade.t coming up first the impact on the movies with 70,000 cinemas in china shut down. julie boorstin is in los angeles with a look. >> reporter: tyler, the shuttering of chinese movie theaters is expected to mean the loss of 2.5 billion and 3 billion in chinese box office in the first quarter. the u.s. based company that has seen the biggest impact is imax. it's stock is down 15% this year chinese box office with $9 billion in ticket sales last year was on track to surpass the u.s. this year and become the world's largest but so far the impact on hollywood of that industry really shutting down this quarter has been limited because u.s. movies were blocked from release during the lunar new year holiday we'll start to see some real impact at the end of march when disney is set to release "mulan." plus disney has "black widow" scheduled for may. another question when theaters do open is how those chinese theaters will hand tell logjam of releases that have piled up back to you. >>> thank you

. >> they're both down more than 2% wynn is down about 2.5%, sands down about 2.4%.casinos in macao of course they've been battered with the fears of the coronavirus, especially with the shutdown of gaming sands has 63% of its revenue from macao, and another percent from singapore wynn is still down more than 12% over the past month, but they're dipping today, even as they reopen in that key region. >> thank you, rahel, very much i think it will be interesting to see how the falloff in chinese tourism affects travel, leisurely and -- and also here in the u.s am i doing the debate ratings? i guess i am around 20 million on television, 13 million streaming live to watch that funfest out in las vegas. you know, they were all ready to go to the buffet by the end of that >> just to blow off some steam we talked yesterday, it doesn't tart until 9:00 eastern time, a bit on the later side. i certainly stayed up to watch it, and was rewarded for doing so it was incredibly contentious. it was by far the most interesting of the debate, because the gloves came out. yet everybody

we are minutes away from earnings reports from uber, pen tryst, wynn and activision blizzard we'll talkning us, mark lehman and still with us, stephanie link. impressive resilience to this quick bounceback since the coronavirus lows. >> i would call it a pause for the broad market the s&p 500, microsoft, apple and google are up 1% to 2% today for no particular reason except that people want to seem to buy them every day i do think it was really more of a stalling and a pause and a consolidation and has been an aggressive comeback to the highs. the market likes to draw itself into a neutral state before the jobs number. >> it's not like the news on coronavirus is getting better. >> it is getting better in the trajectory people will point to the fact that it's really -- it peaked in terms of the proliferation of infections several days ago but -- >> and it's being offset by huge stimulus, as we talked about earlier in china. >> it's coming really quickly from them and they'll do more because they can and they should, given that there are so many uncertainty i think it all started when the

. >>> let's switch gears and talk about wynn the casino operator is set to report at the bell wynn shares are down 12% since the coronavirus, especially considering they make most of their revenue from a cow what's priced in what are we listening for? >> they're going to want to talk about how they're doing in macau before this in the quarter and what they're getting out of boston and how las vegas is doing and all the analysts will want to talk about is how long is this macau impact going to be there? the problem is, if you get 75% of your revenue from macau and your casinos are closed -- >> what is the status? >> gambling is entirely closed down. >> wow >> they can still run hotel operations, restaurants but who is going out to eat at a casino right now? and also they don't have the influx of visitors it's not like anything is happening there. visitation is off by about 80% you've seen jp morgan chase and bank of america have downgraded the stock right now. you're seeing refinitive and s&p figure ratings looking at the credit and saying if this continues, they're at risk of default. >>

mgm reminding audience 30% of the revenues come from china whereas wynn is 75%. different profile on risk. as talked about, the fact that mgm is doing everything to improve the balance sheet makes it more defensive. the sale of the ground, sold the property i think at a 15 757 times multiplen ebidta, very attractive. i think getting them down to the one times leverage td a lot of the stocks breaking out before we got to coronavirus appear and those spos exposed i like casinos. >> wynn resort up 8.5 peppers in a year mgm up twice that. again, it's not like it's a horrible underperformer. >> no, there is one thing in the release today that was interesting. the tender offer that mgm announce ds, 1.25 billion in a dutch tender you can -- somewhere between 29 and 34 basically giving you a floor or some portion of the company, even while saying we have no idea what the outlook is on coronavirus. a that's interesting at a time of uncertainty they must think it's undervalued if they are stepping up in a big way. >> scott hosted the show a couple weeks ago not the peak ne

coronavirus it's been since the cdc warned that the outbreak would happen here on the other hand, wynn operations were shut down entirely in macaw, customer-facing workers would have to wear masks in january they had gone through and put hand sanitizers throughout their operations in las vegas. they were already doing takeaways from macaw in las vegas. everybody says we're not seeing a materialed impact, canceled conferences. we're likely to see that change. i think they're taking their cues from the cdc. i talked to an expert who said more important companies are starting to pay attention to cdc. what's it look like if employees have to stay home, if we're ordered to shut down our operations, how do we keep our people safe? >> bsolutely they have to have those discussions now. >> that's right. >> and have those plans under way. contessa brewer, let's get to sue herera now for a cnbc update >> hi, kelly hi, everybody. the cruise ship and more than 6,000 passengers and crew getting permission to dock in mexico, after the ship was denied entry at two caribbean po ports over fears, later

. >> that was vicky wynn reporting. how about shopping off your tv? right now it is only available on hd tvs. they say they have 200 million products in their database. also, those phone apps for the makeups and clothes sizing is all available right now. furniture and other augmented reality apps can be on apple and android phones right now. let's take a look at san francisco. i think we have another nice sunset coming in just a little bit. >> augmented reality. >> that's right. it's supposed to be winter. >> at this point on a record pace. we don't have any rain fall. it will be the first time perhaps since 1864 around san francisco we've had no rain in february. right now we are enjoying what is probably the coolest day of the next seven days. in san jose, clear skies. a lot of low clouds, strong sea breeze, little mist on some of the hill tops. there you see 59 degrees. it is hard not to be distracted by the forecast right now. the view looking back to san francisco clear no degrees. the winds still onshore, but you look at the clear skies out to t

before we go tojon, our partners at cbs news are predicting bernie sanders sue wynn —— to win the largest hampshire. —— share. largest year in new hampshire. -- share. thank you, thank you! cheering and applause bernie chuckles thank you! thank you. thank you! thank you, new hampshire. thank you, new hampshire. let me, let me take this opportunity to thank the people of new hampshire for a great victory tonight. cheering and applause and — and let me thank the thousands of volunteers in new hampshire, thank you. who knocked on doors in the rain and the snow and the cold. the reason that we once a night in new hampshire, we won last week in iowa. —— we won. it is because of the hard work of so many volunteers, and let me say tonight that this victory here is the beginning of the and for donald trump. —— beginning of the end for donald trump. cheering and applause crowd: bernie! with victories behind us, the popular vote in iowa and the victory here tonight, we're going to nevada, we are going to south carolina, we're going to south carolina, we're going to win those as well. and tonight i

as abc7 news reporter chris wynn explains, it caught a lot of people by surprise. >> reporter: outside the white house. >> he has done. so in the community. he has done so much in nfl football. today is a great day. >> reporter: this after president trump signed an executive order pardoning the former 49ers owninger who in 1998 pleaded guilty. leadership experts say pardon when's used ju deshsly can be a valuable part of process of the. >> somebody recognizes responsibility for what they've done wrong. maybe made an attempt to make amends. it can be a really powerful signal to recognize that kind of transformation. >> reporter: however, some believe president trump's high number of pardons to those to whom he has personal relationships can call into question the validity of the action, it less meaningful. despite this, many fans still appreciate him. highlighting the five super bowl championships under his leadership. bay area sports consultant leaves another possibility. >> ultimately, it gives him a clearer path if he is interested in purchasing a team or being part of a group that w

abc7 news reported he chris wynn has the story. >> reporter: after 16 years of working to find a rapist, the mountain view police department can now say, it is one step closer to delivering justice for a sexual assault survivor. >> the first thing she said was, i'm going to get a good night's sleep. i'm finally going to be able to sleep without one eye open of. >> reporter: the froif-year-old from albuquerque, new mexico, was extradited to santa clara county this week after dna evidence linked hip to a february 2004 sexual assault at the old lucky u motel. >> there are certain cases that never leave you. you remember the anniversary, you remember the statement, you remember, you get a visual idea of what happened from listening to the '50's statement and hearing her discussion to the sketch artist. >> reporter: she was one of the first to respond after getting a call saying a woman had been sleeping at the motel when overton allegedly got into her room and sexually assaulted her for nearly 30 minutes before leaving. the suspect was able to get away. but left behind dna on a pillow which

vicky wynn has more. >> reporter: capturing a horrifying moment a school bus in ohio flips on to itside. students flying out of their seats, hitting the ceiling and slamming into windows. terrifying students trying to slime out of the wreckage. a victim releasing this video from the december crash monday, saying the bus overturned after being struck by another vehicle that ran a red light. 8 of the 25 students onboard and the bus driver were taken to the hospital for nonlife threatening injuries. that bus driver the only person on the bus wearing a seat belt. while school busses are the most regulated vehicles on the road, most states don't require seat belts on large school busses. the national transportation safety board now calling on allstate®s to require three-point seat belts on new school busses. >> we've got to keep the students properly restrained ev. >> reporter: between 2008 and 2017, 264 school related transportation crashes. we visited a place in indiana to see the potential risk for riding without seat belts. a school bus filled with 15 dummies, 8 wears seat belts and 7

. >>> when top golfer meets golf ball at the ball yard, theoepkay wynne at oracle park. plop down in your favorite chair. no need for a

been filled with influential and iconic african american designers, like our first trailblazer, zelda wynnho was one of the first designers whose clothing accentuated women's curves. before her, women covered up their their figures with big-ass skirts the size of a carnival cruise ship. women would get lost bending over to tie their shoes. velda's curve-flaunting designs were so popular, hugh hefner asked her to design the iconic outfits for the playboy bunnies. i never went to the playboy mansion myself because i was married, and also have a severe phobia of rabbits. you never know where rabbits are hiding. if you can pull one out of a hat, you can pull one out of anywhere. kiss my ass. i don't want to be around that. another black creator of couture was was stephen burles who designed for the disco era. i was always confused by disco. i couldn't tell who was dancing and who was giving me direction. ( laughter ) but disco isn't just about the moves. it's about the fashion, which stephen burles helped shape. he hung out at studio 54 and was popular among its celebrity regulars. he was the

wynn, some of these others. we will see if it's too early.sk you about cathay pacific because they are expecting a significant drop in the first half due to the coronavirus. susan li has the details. susan: this is one of the biggest airlines in the asia pacific, basically the premier airline that flies out of hong kong, owns a stake in chinese airlines as well. they say they will see a big drop in first half profits, capacity cuts, they are cutting around 40% in terms of the number of flights and seats available in february and march because there isn't that much demand given the coronavirus fears. no one wants to fly to china. that's actually more than anticipated. and if you look at the stock prices, it's trading at six hong kong dollars now. five years ago, the trade hit $12. this airline has faced a lot of concerns, whether it's the hong kong protests and now coronavirus and also overcapacity in the region with budget airlines coming in. it's tough going to be a travel company right now. charles: well, so on that, jeff, i look at the cru

the government at the wynn seems to be on a sort of p.r. blitz because then they concern right now of course it's containing the virus but also they're very much worried about the fallout economically this virus on china they were already facing a slowing economy and now there's been a massive impacts on the service industries the manufacturing sector and for just fishy jumping having very an economic downturn could potentially be a bigger threat than the virus itself when it comes to his leadership so they're very much concerned about that. and another story from china beijing has sacked its chief on hong kong and macau affairs being is the most senior official to be removed from his post since mass anti-government protests began in hong kong last june he'll be replaced by the deputy chairman of beijing's top political adviser embody the months long protests were against the controversial extradition law that has now been scrapped turkey has sent in more reinforcements to its observation post in northern syria president ed or one has warne

you said it, the surprise lost from wynn resorts. revenue in las vegas and macau which is one of their key markets. numbers were these before the macau casinos had to shut down for 15 days to deter the spread of the virus red a lot of questions about the first quarter is going to look like. how big of a dent is this going to have. some of the analysts we talked to say it's going to be in the low single digits given that the numbers we are looking for our bed in the first place. january was partly due to the plunge in tourist arrivals during the lunar new year. now that we have the hong kong side of things where they are closing the ferry terminals, that will certainly hit the mass market as well. that's what we're learning from wynn resorts in macau. we're also talking about the impact as a whole the first quarter looking to be half of what we saw from one year ago. anotherking about resort reassessing their core investments. also bear looking into crown resorts in australia. they were supposed to buy the second bunch of shares. they

wynn resorts -- as 8%. wynn resorts losing $8 million a day from casino closures and macau.early to predict when casinos will actually reopen. of itsts as much as 3/4 revenue from macau. burberry is scrapping its yearly forecast, warning the coronavirus outbreak wiped out at least 3/4 of sales in china. on the mainland, burberry has closed 24 of 60 stores, and at the stores that remained open, sales have plummeted. alix: thanks so much. a couple of the movers we want to highlight this morning, definitely uber, saying they will have their first quarterly profit by the end of the year. surging, tesla falling, but only a bit. a huge driver of outside gains in the nasdaq. coming up, moments away from u.s. january jobs report. this is bloomberg. ♪ alix: this is "bloomberg daybreak." i am alix steel. latestnds away from the read on u.s. jobs. equity markets a little bit but offrading down .1% the lows of the session. european stocks as well. in other asset classes we want to be watching euro dollar. how much more upside will there be in the dollar? we want to go to michael mckee l

finally, truly related to the coronavirus, some of the big laggards on the day, we are taking a look at wynnorts, down 5.25%. they are saying they are losing $2.5 million per day from that macau casino, so really hitting the numbers. also have carnival cruise lines down once again. many cruise ship's issues around the coronavirus, one in particular off the coast of japan. burberry has scrapped the forecast after shuttering stores in china. guy: absolutely area thank you very much, indeed. tesla's parabolic motions this week attention to its absence from the s&p 500. is it going to end up in the 500? we are going to dig into the details. etf friday is up next. this is bloomberg. ♪ guy: welcome back. it is time for our weekly etf friday segment. tesla's parabolic price action this week has called to attention its absence from the sb of hundred. it may be about to set us -- from the s&p 500. it may be about to satisfy those rules. here with us is our etf analyst. let's walk through some of the funds it is already in. reporter: tesla has had a big price swing this week, and it is still relativel

they are set to reopen with limited operations, including wynn and galaxy.emaining suspended have to reopen within the next 30 days. thinks -- with the ongoing travel restriction. the pboc warned travelers to hong kong to be prepared for the coronavirus, given hong kong reported a second death in the city. the agency putting in place a level one travel notice for hong kong. thanks to bloomberg's sophie kamaruddin bringing the latest on the coronavirus. let's look at the role of insurance on managing business interruptions. joining us is a senior litigation shareholder. thank you very much for joining us. when it comes to the financial site, people expect we are going to see more disruptions, more companies exposed to shortages due to chinese supply chains. we got that morning from apple. what are the opportunities businesses have to insure against this kind of risk? what kinds of policies may we see? >> the policies most likely to provide coverage are commercial property insurance policies. most big companies have them. these policies provide coverage not on

other stocks that have been done recently related to the coronavirus, american airlines, wynn resortstoday a nice bounce back. the bulls in charge. kevin: abigail doolittle, thank you for the update. tune in for our special coverage of president trump's state of the union address starting at 9:00 eastern time. next week, be sure to tune in or the coverage of our new hampshire primary. that kicks off at 8:00 on tuesday. i'm kevin cirilli. this is "balance of power" on bloomberg television and radio. ♪ kevin: this is "balance of power" on bloomberg television and radio. i'm kevin cirilli. now joining me to break down the latest headline as it relates to the iowa caucus is the former political editor of the des moines register. headline crossing the bloomberg terminal that says the iowa democratic party has announced, we will get most of the results of the iowa caucus in just over four hours. 4:00 p.m. central, 5:00 new york time. we will get results a couple hours before the state of the union. >> yes. that is rough. live and breathe for these numbers. the fact is, the campaigns have al

. >> in santa clara, chris wynn. >>> a week ago san francisco stopped private cars from driving along a downtown stretch of market street. >> so far seems to be working. what other bay area city is considering a similar change. >>> plus, new search warrants served today in a college othroughout the country for the past twelve years, mr. michael bloomberg is here. vo: leadership in action. mayor bloomberg and president obama worked together in the fight for gun safety laws, to improve education, and to develop innovative ways to help teens gain the skills needed to find good jobs. obama: at a time when washington is divided in old ideological battles he shows us what can be achieved when we bring people together to seek pragmatic solutions. bloomberg: i'm mike bloomberg and i approve this message. to deal with the problem.icians but they wouldn't. so we took it to the voters and forced big tobacco to pay its share of healthcare costs. we fought oil companies for new clean air laws and closed a billion dollar corporate tax loophole to fund public schools. by going directly to the people

wynn resorts as well, lower by more than 4%.he company losing $2.5 million a day because of the macau shutdown related to the coronavirus. finally, norwegian cruise lines lower by the better part of 5%. docked inat a ship new jersey is showing signs of coronavirus. the commodity complex, after a very brief rebound, is lower again today. copper futures now down around $255, and that is weighing on freeport mcmoran. six10 year yield lower by basis points. vonnie: thank you. coming up, our conversation with author thomas piketty. what he is proposing to do to tackle income inequality. this is bloomberg. ♪ ♪ guy: from london, i'm guy johnson. vonnie: from new york, i'm vonnie quinn. this is the european close on "bloomberg markets." let's get the bloomberg first word news with courtney donohoe. moreney: in new jersey, than two dozen passengers who recently traveled were china looking for symptoms of the coronavirus. four are being evaluated in the hospital. president trump has be back a lawsuit that has to do with his washington hot

. >> that was vicky wynn reporting. so how about shopping off your tv? right now it's only available in lg tvs coming out in the next few months. they say they have 200 million products in the database and quite a few tv shows and movies will have that technology built in. also those phone apps with the make-up and clothes sizing, all available on android and apple phones right now. >>> joining us now and maybe a record going to be set in san francisco. >> we saw the future of shopping. for san francisco we haven't had a direct february since 1864 so it's been a long time and even with the added day of a leap year we may not get there. so here were the statistics that were -- we don't want to win this award. you have to go back to 1864 and that was back during the civil war, the post-gold rush era. around san francisco we just haven't seen any rain. interesting point out 1864 was also a leap year, you had the extra day and you just didn't get any measurable rainfall and you're about to see how the odds look moving forward. 53 degrees, a bit of a sea bree

firefighters were able to rescue the woman and began cpr, but candace wynn died later at a hospital. >> he lost everything, a piece of his family. i'd be a wreck out there. eddy never missed a beat and that's the kind of guy he is. he did everything he could. >> a gofundme page heb setup to help the paramedic. >>> sharing a clip from her raenlt interview with former wnba star lisa leslie. it questioned leslie about a 2003 sexual assault allegation against kobe bryant and whether it complicated his legacy during a wide ranging interview. cbs posted the clip on social media and the morning show host says she was plieblind-sided by the blow back. >> i am mortified, i am embarrassed and i am very angry. for the network to take the most salacious part, taken out of context and put it up online for people who didn't see the whole interview is very upsetting to me and that's something i'm going to have to deal with them. >> cbs says it's currently addressing its internal process, and changes have already been made. the real shame of it is it was a much, much longer interview. it was really

wynn resorts in macaw losing up to $2.6 million a day.to point out the pressure is universal. the disruption in the supply chains. so many companies depend on china. these the manufacturing and center of the world's products. you look at shipping centers idling in ports. some countries are refusing to allow ships that have stopped at chinese ports to ent irtheer thn ports until the crew is declared virus free. we are seeing this reverberate throughout companies and throughout the industry. many economies are saying right now it's manageable but the question is, what does it become unmanageable? fredricka? >> harsh realities there. alison kosik, thank you so much. >>> one of the central figures surrounding president trump's impeachment is speaking out today for the first time since the end of the trial. this morning ukraine president volodymyr zelensky sat down with cnn's christiane amanpour at the munich security conference for a one-on-one interview. >> now i'm very popular in u.s.a. but i didn't want to find such way, but, you know, if

economic cost as well, factories closed, you have the airlines not plying now in many cases till april, wynn2 and a half million dollars a day in profit and crash in commodity prices, oil prices, this is reverberating, so we haven't started to see it in stocks, keep in mind, lauren, nasdaq is way overbought, 18% above and investors are looking for a reason to sell, this could be it. lauren: back to short-term hit for first quarter growth domestic product, height rear in the u.s., we have seen that put out by several analysts and banks, we will feel this temporarily, how quickly can we bounce back and on the flip side how bad does it get to china where that's ground zero for the outbreak? >> well, obviously still unfolding, essentially alleviate some some of the symptoms not just of the virus, of course, but economic symptoms as well, this is still evolving situation and what you are going to see, lauren, many, many companies coming out and using the coronavirus not necessarily as an excuse by explaining supply chain or sales were hurt as a result, this is a developing story and as you pointe

nbc's vicky wynn has more. >> reporter: chilling new video capturing the moment a school bus packed with students flipped onto its side. students flying out of their seats, hitting the ceiling and slamming into windows. terrified students desperately trying to climb out of the wreckage. officials releasing this video from the december crash monday saying the bus overturned after being struck by another vehicle that ran a red light. 8 of the 25 students onboard and the bus driver were taken to a hospital for nonlife threatening injuries. that driver notably the only person on the bus wearing a seat belt. while the national highway traffic administration says school buses are the most regulated vehicles on the road, most states including ohio don't require seat belts in large school buses. in fact, they're only mandatory in aeeight states. the national transportation safety board now calling on all states to require three point seat belts on all school buses. >> we've got to keep the students properly restrained in the event there's a crash. >> reporter: between 2008 and 2017 264 school ag

. >> both men were accused in the shooting death of 26-year- old richard wynn. investigators have not revealed the connection between the victim and the suspect. >>> bart says crime is down compared to this time last year. bart also reports a big drop in cellphone threats there were 74. is a contributing factor. >>> it was another emotional day in court and another outburst from the main accused of killing nia wilson on a bart platform in oakland. lawyers will now have a four daybreak before returning to court. ktvu's henry lee has the story. >> it was a day of defiance for accused murderer john cowell. at first, he refused to come to court and later showing up he was soon thrown out for cursing at the d.a. and refusing to answer questions. >> it's just an . >> he's showing signs of manipulation. he knows what reverse psychology is. >> cowell became unglued as they tried to show him graphic surveillance video. cowell gestured with both hands at the tv screen and shouted i don't know what that is. as the d.a. repeatedly asked cowell to look at the video he became

wynn resorts in macau losing millions per day. you're looking at getting goods to and from china.terrally idling in ports. and there are places that are refusing to allow ships to go to port. ful declared risk-free which means those items are not being taken off the ships. you see as the tentacles of china are reverberating throughout the world. people are afraid to take the products because of the coronavirus. >> alison, with the supply chain being impacted, what does that mean for us, like consumers? >> it could be harder to get certain products. the make of lol surprise toys are popular, they're warning that the outbreak has impacted production. shipments usually made for fall and the holiday shopping season are going to be delayed. which means toys have been hard to find. iphones too. foxconn, a major producer for apple, it will be months before half of its facilities are up and running. luxury goods makers in china. by the way, our clothes. lvmh. dior, burberry. and chinese consumer who spend big on vacation and at home, they're taking that it could take a hit. people are out

tapestry, those luxury bounds, down 4% today and wynn resorts down almost 5% as well so we're keep iing a close eye on these names on the heels of coronavirus. back to you. >> thank you very much today's jobs number coming in way above expectations, but the market interpreting the beat as bad new us what's wrong >> crazy market folks think. it's a strange reaction to what otherwise looks to be b a very solid jobs report. the only b possible negative is that strength reduces the b possibility of fed rate cuts this year. writing this should comfort the fed that further policy accommodation is unnecessary and over at bmo, they're writing the job report supports the fed's extended pause plan. here are the numbers 225,000 against an estimate of 158,000. average hourly wages though relatively modest, up from last month, but just up 0.2% up month to month unemployment rate ticking up for a good reason. more folks came into the workforce. of course there are other issues besides jobs for markets to consider here are just some of the headlines we're reading. the fed is saying the coronavirus pos

--for into residual movers as for individual movers, wynn resorts down again.re macau resort has been shut down by the coronavirus. it is a clear example of how something goes from headline risk to the bottom line, really affecting the numbers. carnival is up slightly, royal caribbean down. we have situations where trapped, cruise ships around the coronavirus with some passengers actually having it. quite a few on that one off the coast of japan. united airlines down 1%. the travel and leisure sector continues to be hit. we do have a bright spot around china, and that is tesla, up 4.6%. their shanghai factory did reopened today. shares higher on the year, up more than 80%. guy: definitely up on the year. thank you very much indeed. let's stay with our theme. chinese consumer prices rose at the fastest rate in more than eight years last month is a fallout from the coronavirus outbreak could cause even faster inflation. now the pboc is stepping up efforts to support businesses. joining us from beijing on the : asia "bloomberg market open" host tom mackenzie. are

plus the other names keeping the market great place your bets, wynn and las vegas sand

evander keynes was suspended for rough stuff last night, eric carlson broke his thumb last night at the wynn in winnipeg, he's out for the season. leave it to brett burns to break the scoreless third period. that was enough for the 39 shots, 39 saves, his first shutout in nearly 11 months. they won both games back to back, 2-0 was the final. >> looking at santa monica pier, we are in la, pgas third round, riviera country club, tiger woods tries but they won't win again. 5/76 tied for 63rd. roy mcelroy is at the opposite end of the spectrum, a pro shot a 13 setting up a birdie for the double one right player at a three-way tie for the league. after a three under 68. you've got to really bring it to be to matthew frankel for who won the day. the team manager for hillsdale high school basketball, down syndrome is not stopping him. he got into the game last night, against oregon, put the bisct in t sket. e crowd and bo erupted. what a moment for the family. a deep respect for matthew in the rivalry game. the knights beat aragon 61-45. matthew miniver play in san mateo may never play in san mateo

abc 7 news reporter chris wynn is here to explain what that money will pay for. >> hi. there yes.he allocation for that 7 d$7 million will be happen over the next two years. they can reduce the number of traffic related fatalities across the city. >> a troubling trend in the bay area's largest city. last year 60 people died in a traffic related incident on the streets of san jose nearly half of them were pedestrians. >> we know that speeding is the primary collision factor in a lot of these fatalities. >> tuesday night the city council voted to allocate nearly $7 million towards the vision zero plan. taking action in an attempt to reduce the amount of traffic related deaths. >> it's a priority over the whole city. one fatality is too many. so that's the whole goal for vision zero. we've been moving in the wrong direction. >> the department of transportation identified 15 corridors covering 56 miles acro across the city. one area including this intersection on center road. >> we're going to be using plastic, paint, signal timing, quick build materials other than concrete thro c con

today, wynn casinos, royal caribbean, those kind of names. where are we right now overall?> i think those names you're talking about, charles, are anticipating that the coronavirus is peaked and we'll be on the downside here and i also think the fact it looks like bernie will be the democratic nominee give trump the wind at his back i. i think he. this feels to me like a upside blowoff on a short-term trading basis. the long-term trend of the market remains higher. >> a short-term blowoff. in other words this is one of the climactic moves. we'll come back down to earth and we'll resume the rally? >> that is what i think. secular bull markets last 15 to 20 years. we're 10 years into this one. we ought to have another five or 10 years left. charles: i will take 10 years. five days ago, there was a lot of doom and gloom, david. a lot of people were anxious about this. the dow was off 60000 points. what changed -- 600 points. what has changed since then. >> what changed, stocks are starting to sniff out the good news. the number of infections is starting to peak and roll over.

marie, let's get past the process, we are getting information that bernie sanders has won the wynn andgio sites, remember that the culinary union sent out a flyer saying that bernie sanders was not somebody that was great for them because he would take away their health care, seems like he's winning those overwhelmingly, even in those sites that are big union spots. >> that's right, he made the point that you can't accuse him of not supporting unions, he has his entire career. i'm certainly watching how much bernie sanders wins by, i think it's pretty clear that he will be the victor here but two people i'm watching tonight, first is mayor pete buttigieg who is in the lead of delegate count still, he has more than bernie sanders and the only one that took bernie sanders on directly really during the debate, but there is an outstanding question whether mayor pete can win in diverse state, he did very well in white states in iowa and new hampshire, but he's coming up against nevada and against south carolina and against super tuesday states all of which are very diverse, this bubble, thi

wynn resorts is worrying too why not? gamblers will be right back to macao. the more cyclical semis got hammered along with apple. today we saw excellent action in nvidia apple wasn't able to lift. of course these chipmakers benefited from more than just china when a federal judge blessed the merger of t-mobile and sprint, big surprise there, unleashed a flood of euphoria as wall street's betting the combined company will be a powerhouse of spending for 5g. all these semis have a stake in f 5g but there wouldn't be a rally without china. the airlines all rallied united's the cheapest with the most chinese exposure. caterpillar, emerson, cummins taking off they can be counted on for dreams bettors of high-end autos made in china yesterday i explained why oil and gas stocks are uninvestable for the long-term. i predicted we can gamble on stocks beaten down the moment we get anything positive in china, that's what we're expecting, especially if trump is re-elected regardless how you feel personally, this stock market loves the guy. i'm betting the oil cheerleade

macau revenue plunged 11.3% in january due to coronavirus fears, but you have got las vegas sands, wynn, and mgm all recovering today. even mcdonald's which closed more than 300 stores in china and started screening customers is moving higher, by about 1%. look at starbucks, it is up 1 3/4 percent after we brought you this story last week and the week before, they had to close half of their locations in china. hundreds and hundreds of stores, but starbucks finding some footing right now. let's get to our floor show traders. have investors' fears finally subsided, or are we in for choppy trading i guess depending on day-to-day headlines? >> liz, as you know, in the short-term, the market is a voting machine. in the long-term, it is a weighing machine based on fundamentals. right now we're in the thick of short-term voting machine and the emotional headlines from the different drugs. gilead has a drug so we're up today. people are positive. anecdotally people are being cured by this drug, one or two cases. there's an hiv drug where we saw over the weekend a couple people had good results

charles: it's not just getting ahead of the news, yesterday we had an upgrade on wynn which gets 89%venue from macao. today we had an upgrade knowing these stocks are down in part because of coronavirus on caterpillar, starbucks, semiconductors. wall street is saying buy this right now. >> i mean, if you study history, the burden is on those who would say get out of this market and go home because when you look at the last 20 epidemics going back to 1980, typically the market is up by about 10% a year after the onset. remember the pivot point is when that world health organization tells you it's a global health emergency because at that point, everyone knows there's a discount in prices and of course we will buy a solution. charles: if an american passed away in this country on our soil, i would be looking maybe to trim my own portfolio. you know, keith, david and i were talking during the break about the violent dips. there really has not been a dip but a great example of that was tesla. tesla said they would raise $2 billion. the stock gets hammered at the open. it's down to $735,

abc 7 news reporter chris wynn is introducing us to the -- chris nguyen introducing us to a star. >> one of the things i want people to understand is that this project is so much bigger than ballet. >> reporter: ash is the founder of the swan dreams project, a program that aims to get people to think twice about stereotypes. >> there's this image of the woman of color, this soft angelic, ethereal image that we don't often see but that we exist. and that we are people who are multidimensional. >> reporter: growing up in rochester, new york, ash was part of a program that sent students from inner city neighborhoods to schools suburbs where she encountered assumptions about what it meant to be a minority. she was later accepted into the school of american ballet when she was 13 and would go on to join the new york city ballet for 13 years s. >> doesn't matter if you're a male, woman, gay, straight, when you're a minority in a space, you feel that, as soon as you walk in the room. >> reporter: a black woman in a world dominated by white dancers. >> it's only because they didn't share my