china says 26 peoplehave now died from the virus. the total number of cases in that country has risen to 830. 10 cities are on lockdown today with about 40 million people south korea and japan have confirmed their second cases the world health organization says the outbreak does not yet constitute a global public emergency. eunice yoon has the latest from beijing. >> reporter: the state media is putting total confirmed cases at 900 with 13 cities with travel restrictions there are signs that local authorities are having trouble diagnosing the people because they don't have enough testing kits according to local media or medical workers trained to use them china has been investing a lot in health care over the past couple of years. still a system run by the state and has a shortage of qualified workers and personnel. wuhan is a wealthy city but not as wealthy as, say, beijing or shanghai other cities are to a disadvantage wuhan is building a 1,000-bed hospital in less than 12 days to ease the bed shortage. hospitals have been calling on the public to make donations for protective gear. they've been making that appeal themselves separately from that, several companies are on high alert, including disney, which shut its shanghai park or is going to shut the shanghai park on saturday that is a popular tourist d destination. authorities are encouraging people to stay home. it is now coordinating companies in order to try to get tv companies to donate some of their series to the provinces so that people can have something else to do at home that doesn't involve much travel. >> eunice, we've discussed this. can you gauge for us, particularly in a city like beijing which is some distance from wuhan province, what the level of fear and panic is like and how it hassle vated over the last 24 hours? >> there is definitely a level of fear and concern. i would say on a personal note, just walking around beijing, the ratio of people wearing masks is probably one in two. today, another personal story, my compound called me and is calling everybody within the place i live to see whether or not anybody has travelled to wuhan. authorities here are taking things very seriously. they are worried about the spread there is a lot of questions now. the state media has been quoting doctors saying a fever isn't necessarily the first sign of a problem. it is working like a common cold you might not have any symptoms and be able to spread the virus. because of the concern and the mystery around the virus, there are several tactics and measures being taken in cities that have not been quarantined >> when i read cities are in lockdown, what does that mean? how effective is it? can people move from place to place if they try to evade whatever is put in place >> it depends on where wuhan is really under lockdown the only way you can get out is in a private car and you drive it yourself out or if you convince a taxi driver to take you. so right now with wuhan, it is very difficult to get out of the city in some of the other 12 cities that have those suspended services, for the most part, people can get out if they are using private cars or means. so far, the suspension is for public transportation. there are still ways to get out of those cities. for the most part, authorities are encouraging people to stay at home. they don't want to have the travel from all of these people and potential for a spread of the virus. >> eunice, thank you the shanghai index down about 2.4% for the week. tech giant intel reporting better than expected revenue help by pc and chips the company says earnings and revenue this year will come in above analyst estimates. saying this is driven by cloud computing demand you can see that jump there. don't miss intel ceo bob swan at 11:00 eastern time broadcome has struck several deals to provide for apple in a separate deal last year to provide radio frequency parts. coming up, pay day, jpmorgan ceo jamie dimon gets a pay increase stay tuned you are watching cnbc. at leaf blowers. you shoud you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. make ice. making ice. but you're not mad because you have e*trade which isn't complicated. their tools make trading quicker and simpler so you can take on the markets with confidence. don't get mad get e*trade and start trading commission free today. a big pay day for jamie dimon getting a 1.6% raise to $31.5 million after the bank post the record earnings including $1.5 million in salary and $30 million in incentives. $5 million will be delivered in cash, $25 million will come in stock compensation >> last year, jpmorgan chase stock was up the index significant performance. most of his direct reports are around the $20 to $22 million mark getting about 2% increase they were the best paid outlast year in 2018 and again 2019. the comparison is james gorman who saw a 7% pay cut despite strong performance as well there were some layoffs for his firm last year he got $27 million to dimon's $31 million. >> so much of it is still in stock. incentives are much more aligned. it is good for share holders >> absolutely. they all need it still to be in stock, which is par for the course >> even with what would be a small percentage, 1.6%, a lot would argue, his recent comments about socialism will push him into the conversy about pay. the absolute number will still look enormously large. >> bernie sanders criticizing him for accepting the bail outevbailout even though it was forced. >> ranging in the ceo to medium pay comp that is always going to look bad and is bad the bank ceos will say, we are boosting rates ahead i think bank of america is the first to get to $20. jpmorgan may be transitioning to that but is around $17 to $18 now. perhaps jamie dimon is the best exam people of this for a track record to say, look at the value i've created they are a market cap of well over $400 billion. any share holder would say, we are happy with that. >> share holder would say, well he's been there so many years. one of the criticisms of the pay for executives is that it is short-term in nature here, you've got an executive who has been there a long time and is creating value. there is a lot of incentives there for everybody. we can argue about how much he's supposed to get paid but he's created so much value a lot of people have benefitted from. >> if you are looking for ammunition to criticize them, the big announcement he made encouraging stake holders, isn't actually his pay, i do think it is the buy backs he shouldn't be restricted to forcefully build a manufacturing partner. you could argue the buy backs could be increased a little bit. i don't think it is his pay that will stand out we talk about broader stake holders. >> everybody relative to his root cause to the issue. a certain segment will fix ate on that. that they'll go up higher than those rank and file employees. you are never going to get away from that. >> we always say the pure metric shouldn't be a target. actually the best way to improve that is to get rid of low-paid workers. >> there has to be a lot of factors to look at 1.6% raise to $31 million. in davos, saying they are optimistic about the economy and banking business is going well >> the u.s. in particular, the underlying strength to the consumer continues to be very strong >> the economy is doing fine the consumer is strong 70% of the gdp is the consumer >> banks have been the unloved sector over the past couple of years. that will turn >> livestock is still cheap. in the past three months, the financial sector has gained 8% joining us now, managing director let's pick up with the story we were just discussing do you think mr. dimon is worth the money he's paid? >> well, there is a very big die c -- die cot my most of this is performance based related to that. that's one piece to the puzzle the other side of it is the come zags between managers and people in the front lines that are as important as the head person pulling that together is again the basis of where we kind of go from here. there is a big difference and things that can be addressed >> i'm sure you saw the story about wells fargo. what do you make of the $17.5 million fine for the former ceo that has come a few years after the original regulators of the scandal which was 3.5 years ago. what do you make of the timing and the size of this fine? >> what we are looking at here is a regular lator looking back at a manager and executive they are trying to set a tone at the top. saying, okay, if you are going to get paid this amount of money, you are going to be held accountable to make sure you are looking at all the pieces of your company and not allowing these things to happen you can feel that that would be a shutter through many of these ceos accumulating this wealth that can lose it if they don't take very strict focus on how they are looking at compliance and making sure everything is being taken care of within their companies. >> good morning. coming into the earnings season has been tough now that we got the numbers, what do you make of the stocks right here >> actually, the fundamental improvement has been consistent and moving higher over the last five years the stock prices relate to what is the fear factor for recessions the last financial crisis has an skity built in when you see the fear factor move off the table, you start to see the stock prices do well when we saw in this earnings season is no different from what we've seen in 12 in a row. consistently moving higher 15 to 16% return tangible books growing and still 2.5 to 3% yield. >> can you still buy the names. >> all only a couple of bucks off their 52-week highs. >> we are taking that to be more selective. bank of america has been a favorite they come in or out. they are in right now. those valuations have been pushed up. if you look at super regional banks that have a little bit out of favor and some things they are doing. citizens financial group continues to grow loans and generate business. they have a really good efficiency program in place. there is still some relative value here >> what did you think of what he said that it deserves that discount is there room for expansion there? >> it deserves the discount because of what happened in 2008, 2009 and 2010. they have made a shift in terms of capital and liquidity, risk management it has to prove that out you have to go through a shake out to prove you have better risk management and trade up towards the market as that goes through the process. we are at the high end of the range. we have to be selective if that fear factor comes back in. it will will gauge whether or not that will happen >> i look at the year to date performance. morgan stanley is up the rest of the sector is down do you think that is because those two names are very cheap coming into the year have we seen morgan stanley coming out hope that those two and the investment banks have really turned the corner. >> those are two stocks we've looked at. that is what we've talked about. that is how they'll return a lot more capital to investors and increase their earnings. >> goldman is being more transparent as to how they'll make money >> the other banks, they've all had a good run the companies still focused on the lending. wed wealth management and m&a activity it's a show-me story each one has to show they can grow until we see the full cycle play >> thank you for joining us. still to come, goldman sach saying they won't take their company public without one diverse corporate candidate. we'll talk about the ripple effect when we come back at synchrony, we're changing what's possible every single day. with technology that helps you offer shoppers a better experience. take your company's app. we can add in all sorts of capabilities, which help your customers manage rewards, offers, and 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a focus on women and moving towards 2021 focusing on two. it is a small steal but a waysta way of saying we think it is right. >> what do you think >> i'm glad the private sector is taking the initiative if it didn't, i think you'd see more regulation like in california it is a more effective way to achieve the goals. when you have that kind of incentive. if you want goldman to take you public, you need to do it. at the same time, i would say to all the women and diverse candidates looking to join a board, make sure you know why are they going to call you in the middle of the night, if something goes wrong, why would it be u theyou. if it is not you they call, you are there for the wrong reason what skill set do you bring that nobody else has? think about those. you don't want to be that token person i remember when i first started anchoring here, i got e-mails saying you got that job because you are hispanic >> an interesting side of this is that of the ipos in the last 12 months, the ones with a woman on the board have performed better also stating we don't care if we lose a little bit of business on this i'm not sure how much we would lose to help them to find a candidate. on top of that, we require other companies to match the pledge. it would be significant step in getting early staged companies to start to alter the terrible statistics on this topic it is an interesting way to change for the companies that haven't done enough on this. >> it is some what sad i don't know if that's the right word it takes something like solomon doing this because the quote/unquote systems are not working. boards are not diverse enough with women or minorities >> it will be where they say look outside our traditional group of people and look harder to find someone. historically, you call on people that you know. there were very strict guidelines we don't have that many women who are ceos yet this will be a nice added incentive to broaden the view. >> talking about goldman look at the investment banking stables. you are talking goldman sach. they are the ones stepping forward. >> if there are women that are frustrated out there and other diverse populations. when i first started here at cnbc, the vast majority of hours here were anchored by solo men that has changed dramatically. >> this wasn't a direct response to wework. it is hard to think that that played significant part. i discussed that with him in october. either way, it's a good step only a small step but nonetheless the first ones to be >> a giant leap. coming up, a boeing-built satellite could be on the verge of exploding in or bit first, a look at yesterday's s&p 500 winners and losers >> that was wonderful. >> i loved it. >> it was great. >> pretty good >> it wasn't bad >> parts weren't that good >> i didn't really like it >> it was terrible >> awful >> boo through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from using feedback to 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revenue and warning that some stock could sell off maybe some has to do with broadcobroa broadcom strike deals with apple. being lo looks like the dow would open up about 78 a boeing-built satellite has the potential of exploding in orbit. it suffered serious damage to its batteries. boeing says the satellite is several years beyond its life span >> boeing, boeing, boeing, boeing >> it is past its life span. what damage will it do in space? >> just the mere fact that it has boeing's name on it. >> they can't do anything right. >> it is rocket science, right coming up, the latest on the coronavirus and the impact we'll talk about the airlines sector and the risk there. you can watch us live on the go on the cnbc app. we'll be right back. most people think of verizon as a reliable phone company. but to businesses, we're a reliable partner. we keep companies ready for what's next. 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(woman) when it comes to digital transformation... verizon keeps business ready. ♪ ♪ ♪ ♪ ♪ don't get mad. get e*trade, dawg. dana-farber cancer institute discovered the pd-l1 pathway. pd-l1. they changed how the world fights cancer. blocking the pd-l1 protein, lets the immune system attack, attack, attack cancer. pd-l1 transformed, revolutionized, immunotherapy. pd-l1 saved my life. saved my life. saved my life. what we do here at dana-faber, changes lives everywhere. everywhere. everywhere. everywhere. everywhere. welcome back the dow said to open higher by 73 or so nasdaq by about 50 s&p about 8. just negative for the week on the s&p and do yw as we stand. the mystery virus. at least 26 people have now died from the coronavirus the total number of cases has risen to at least 830. 13 cities in china are in lockdown measures today or about 33 million people. authorities have canceled lunar new year events. as of now, the world health organization says this does not constitute a world health emergency. eunice yoon has the latest what can you tell us sorry, eunice is not joining us right now. she will join us later in the show >> the numbers are very large but actually a very small percentage of the chinese population right now and lockdown, you can still move around the country pretty freely if you have a car. not sure how effective it is going to be of containing it >> exactly it would be a limiting factor. >> the lunar new year is usually a huge number. many airlines stocks with flights to and from china. united and hawaii with the most exposure delta and american, they are monitoring the situation closely. >> we as an industry, i know, handle this exceptionally well we stay in touch with the cvp, the cdc, our own medical staff working with those agencies to ensure that our customers and team member