With the world news from aljazeera russia has reported a record rise in new covert 19 infections for the 4th day. Heading 425000. And also south koreas governing party makes huge gains in what is the 1st National Election to be held during the panda. Is 1100 hours g. M. T. 7 am in washington where president didnt President Donald Trump has halted u. S. Funding to the World Health Organization he is accusing it of mishandling the outbreak and failing in its own duties he also says the agency covered up how the virus was spreading out of china the u. S. Is the biggest donor to the w. H. O. Contributing nearly 15 percent of its budget well start with this report from mike hanna. In what has become a pattern president trying to use his podium to parade reporters if you keep talking ill leave and you can have it out with the rest of these people if you keep talking im going to leave and you can have it out with them its just allowed me to introduce a number of prominent members of big busin
Conciliatory zone in the e. U. Meeting this week. Got good news in travel as well. Oils in the red. United airlines raising its fuel cost projections this morning. Well talk more about that. And the tenyear yield, a twoyear handle since january 8th. Oil lower as the iea offers a mixed outlook on the future. Shares of cocacola higher in the market after the company has expectations but is calling 2015 a transition year. Well tell what you that means. Cvs Health Higher than trade. And ceo said it was the right decision to stop selling tobacco products. First up futures rising in hopes for a greek debt agreement. A proposal for a sixmonth debt extension for greece as euro leaders get ready for the meeting tomorrow. Crudes down after the iae said there may be pressure. The greek meeting very interesting, jim. Remember i think were going to get a resolution which is a big stretchout. That is what weve seen period click with like the railroad that got in trouble in 1800. Weve seen stretchout
A pretty rough session in asia. The nikkei lower today. The ecb outlining their plan for stress tests. By the way, stay tuned for our interview with ecb president mario draghi a little later on. Dell out telling two different stories, caterpillar, cutting the forecast, citing a difficult year. Then theres boeing raising its guidance and upping its production schedule. And our live interview with starbucks chairman and ceo Howard Schultz. The company is looking to expand its empire beyond coffee. Carl icahn selling shares. Well discuss the best time to get out of a stock. Boeing raising its fullyear guidance. On the flip side, caterpillar is falling after posting huge numbers, missed the street by a very wide margin, cutting hits fullyear outlook. Ceo Doug Oberhelman was on squawk box this morning. Ive seen cycles over my 39 years. This one is pretty acute in mining. The rest of the business is hanging in there. Jim, he said its been a tough year, hell be glad to see it go, hes still bu
Track for a positive week this week. Our road map begins with facebook. Mark zuckerberg is saying that facebook has more room to grow. President obama poised to support antiinversion tax legislation. Well see. And xilinx ceo gets no free passes. What he said to the man to my right about his dismal quarter. Facebook revenues are up 66 . Mark zuckerberg was on last nights Conference Call. One thing thats so exciting is theres so much more room to grow. People on facebook in the u. S. Spend about 40 minute as day using our service, including one in five minutes on mobile. People spend nine hours a day on digital, such as tv and computer. Premarket at 77, which is double the ipo price of 38. Facebook reports, jaws drop, and then New York Post business today, this doesnt zuck. People go for the highclass headline this morning, jim. But it was an amazing quarter. It was an amazing quarter. Youre going to hear, this thing couldnt possibly be at this level. Typically when you hear those things
Only hertz gives you a carfirmation. Hey, this is challenger. Ill be waiting for you in stall 5. It confirms your reservation and the location your car is in, the moment you land. Its just another way youll be traveling at the speed of hertz. Lets get back to our guest hosts. We have 20 seconds. The last word is goodbye. What can you say beyond that . Things are performing exactly as they should. Dont give up hope. Jerry . Politics arent irrelevant. Theyre an opportunity. Look for companies that will make money in an environment thats not exactly what any of us would have wanted from a policy point of view. Thats tantalize. Well have to have you back to talk about it. Thank you very much. Well see you tomorrow. And well see you tomorrow. Right now its time for squawk on the street. Welcome back, david bowie. Today marx the u. S. Release of his first album in nearly a decade. Its called next day. Welcome to squawk on the street im Carl Quintanilla with melissa lee and david faber. And n