the wild ride. take a look at futures again, we are in the green opening up about 80 points higher s&p looks like it would open up higher nasdaq dak would open about 30 points higher. almost as if it didn't happen. no coronavirus, no worries, no nothing. >> amazing amazing how quickly the market gets over things i don't know if this is positive >> i feel like we may have overreacted on friday. some recovery on monday was okay i don't know that i can explain this much of a rally >> is this all fed related and maybe the central bank of china? >> part of it is that it didn't pred to the u.s. as many feared. there are so many people quarantined and so many people not at work. the cases are going up so much >> why do you feel the fear in the market has evaporated. what is that about >> irthink it is a little bit of animal spirits we get too scared when we see a pull back. you shake the apple tree and some of those fall down and it is okay. >> the tieback to our companies -- we are not minimizing the human toll. tie it to u.s. earnings. aside from a yum china -- you don't go out to dinner that's lost. if you want a pair of nike shoes or iphone, you are going to buy them eventually. do you think it will hit our earnings >> at some point, yes. you can still buy things on line but there is still that in store experience >> the argument -- we had a guest on this week all of the chinese who used to travel to hotel companies and then go to the luxury stores in new york who aren't buying i could see how it would trickle down >> it is probably transient. we could explain it but it is still going to happen. >> this could be a part of the story as well. we had a surprise november overnight. china announcing it will slash tariffs on $75 billion of goods. cut them in half eunice yoon with us live a gesture of good will or maybe an effort to help their own struggling economy >> or a little bit of both china sees this as a reciprocal move perhaps to the u.s. that they will make good on their promises that's the signal. the chinese move follows the decision in december whether president trump tweeted there would be cuts of additional tariffs of chinese goods that is supposed to happen on 12:01 a.m. february 14 chinese finance ministry said today that china would do the same cut the tariffs in half at the same time. so these cuts are going to affect u.s. crude oil cutting rates from 10% to 5% -- i'm wrong, from 5% to 2.5% also affecting soybeans, pork and chicken as well. it is still unknown what kind of impact that outbreak will have ubs today, an economist described this and also said that this is a sign perhaps that is positive that the u.s. and china will continue with what is called a honeymoon period also a report looking good now there are signs that china may not be able to make those goals saying that beijing could see the disaster related clause that could allow them to back out of some of these. >> we'll see june is again for a look in the day of the life of a deliveryman. what is it like there in the city we'll bring eunice back for more on that. there are now more than 28,000 confirmed cases, the death toll has risen to 565 japan's health ministry says 10 more people on the japanese cruise ship have tested positive we are going to speak live to a quarantined passenger later this morning for an inside look at what it is like to be on that ship right now people that cannot leave their rooms. people have interior state rooms, no windows. they are unable to belief. >> how small >> have you been on a cruise i haven't. my children want to go on a cruise, disney cruise specifically but the sorkin family hasn't done it. >> mr. bell has a balcony, so he's getting fresh air if you are in an interior room, no windows 100 square feet. >> are they bringing them food >> i bought my parents a cruise for their anniversary. they are not in an intier yar state room mom and dad, i love you. political news to bring you on the delayed iowa caucus results. almost here, folks looking at the watch with 97% of precincts reporting, pete bult r buttigieg with a narrow lead over sanders nbc has not yet called a binner in the race. joe biden in fourth place with 15.8%. the numbers have stacked the way we thought once they came out with these results, they seemed to be relatively in line the larger question is with biden out, effectively what does this say about the party, the rest of the country, mayor bloomberg's ability to come in? >> without having to sfep into that merky world, there is a politic political angle of the market. is any of this rebound related to the aidia that it could be a moderate or more than we are likely to see a reelection of president trump? >> there is an idea of protest voting where they are voting for somebody they think can their him out of office. there is a chance. we have one-third on the left, a thirtd on the right and the middle a lot of times, the person in the middle wins. a lot of people like the devil they know. >> there is a lot saying sanders raised $35 million in january. he's got people behind him is anybody underestimating the senator from vermont >> i think. >> i think the bloomberg strategy will move people to the middle they are sort of rope a dope play >> brokered conviction milwaukee will get interesting in june. president trump acquitted of impeachment. >> president trump does plan to make a statement from the white house at noon after being acquitted yesterday on both of those articles announcing the speech in a tweet. his tone is unmistakable calling the vote, quote, victory on the it impeachment hoax one senator went against his party. >> the great question the constitution tasks senators to answer is whether the president committed an act so extreme that it rises to a level of a high crime and miss demeanor? yes, he did. >> the second article because decided along party lines with romney voting against the president. the harg -- they said democrats brought this on themselves >> i can tell you this, right now, this is a political loser for them they initiated it. they thought this was a great idea at least for the short term, it has been a colossal political mistake. >> senator schumer said democrats would do it all over again. >> i think it is conclusive that the president did. if he does in three months, they should impeach him again and the next one him or her. >> house democrats have left open the possibility that they could still subpoena john bolton and are reviewing conflicts of interest by hunter biden we are just getting started. we'll bring you the big names you might already own like peloton. more big swings for a stock you may have heard of. tesla. a 17% selloff yesterday. more next. we'll be back >> announcer: today's big number, 1,861. that's how manpotsy in the dow has traveled in the past five trading days we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it - with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. usaa beyond the routine checkups. beyond the not-so-routine cases. comcast business is helping doctors provide care in whole new ways. all working with a new generation of technologies powered by our gig-speed network. because beyond technology... there is human ingenuity. every day, comcast business is helping businesses go beyond the expected. to do the extraordinary. take your business beyond. get that umbrella out. it is pretty much raining from here to new york talking about stocks on the move peloton is among stocks to watch right now. the fitness company reported quarterly results. also showing mounting losses joining us now, managing partner and portfolio manager at douglas lane associates and cnbc contributor. let's start with peloton that's a big mover after hours this is a classic example of revenue slowing. when they say they will be cash flow positive, they'll see that. you'll see momentum here getting out. stocks will probably stay there and move up next quarter you can see companies like uber are doing that too does cash flow positive matter in this market >> i think the markets by fther. >> another one, grubhub. the lost of five cents a share was in line with expectations. we say whip sawed. here, we say great numbers, terrible numbers within two minutes? >> right i think grubhub there is in a space that is really competitive. you are seeing consolidation in the space. there has been comments around you've got doordash everywhere as a trading vehicle >> this stock has been in existence. >> let's move on now you heard about this tesla thing? >> we have two more trading days left shares were up on monday. >> maybe after the company exec and cars will be delayed got a lot of retail investors. the number appear to be getting into this stock now is really high this is an epic tale what do you make of it great company. what i would tell people at these levels, be careful manage your risk i would say that on any stock. >> this is fivedays. this looks like a 10-year chart. five days from 620 to 950. this is not a good positive right now. this was 200 bucks >> good stuff there. we'll see you in the next hour as well. see you in a few minutes >> by the way, elon musk is awake. he's on twitter right now. tell me if you can understand this one, brian. this is 5:56 a.m what if there was an ai program to want to pick as many strawberries as possible so it cultivated nothing but strawberries on all of earth's land, then it would be strawberry fields forever. >> he lives in beverly hills he's at home it is 2:30 he's probably awake. he's quoting the beattles. there is a little "here comes the sun. was he on the joe rogan show again? i don't know by the way, i asked people what they thought of the cars i got like 10,000 responses. people are fanatical about the product. >> we'll try to figure out that reference. if it has an impact on the stock, we'll tell you. making big returns on starbucks. bill ackman cashing out of that company. more after the break 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. a new kind of investor with an app that's changing the way we do money. download robinhood now. billionaire investor bill ackman banking 73% return. he sold his last share on january 31, nearly two years after announcing his $900 million stake. coming as starbucks has closed 2,000 locations in china amid the coronavirus outbreak this has clearly worked for him. he had a remarkable little run last year. probably his best in years >> maybe he needed >> also good news for starbucks and that new management team running that place >> you guys fund -- you are like 20% of the new york revenue. >> there is a store over there have you tried the new egg bites? >> they are good if you are keto. they are perfect >> 200 calories, 20 grams of protein. >> the sous vide >> are they all white? >> i want the yoke >> it is hard to find healthy things like on the road. this is my new go to >> when you go home to milwaukee, what do you do go to cops >> it is pick and save cops is a northern milwaukee thing. >> mattress maker casper pricing ipo at the low end of reduced range at $12 a share original range was $17 to $19. plans to list today under the ticker cspr. facing scrutiny for lack of profitability and high cost to acquire new customers. liz, is casper indicative of anything or is it just its own thing? >> we talked about this yesterday. in 2019 there was a lot. starting off the year, this is a bigger one i would like to see ip o's come out at a higher level. i'd like to see smaller ones >> finally getting headlines out of opec. the meeting has ended and will reportedly see a cut of 600,000 barrels a day. always a matter of that opec plus russia, ropec this is sort of the bean counters there looking at supply and production numbers they will recommend a cut of 600,000. just because they recommend it doesn't mean it won't happen doesn't mean russia won't cheat. we don't know if chinese demand has dropped by 500,000 barrels a day. or last week, if it could go to more we don't know. >> a report from china eunice yoon will show us a day in the life of a delivery man in beijing during the outbreak. as we head to the break, take a look at yesterday's s&p 500 winners and losers through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. from finding out what's selling best... to managing your fleet... to collaborating remotely with your teams. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. good morning we are live at the nasdaq marketsite in times square we have some green on the screen now. dow looks like it would open up. looks like it would open up 12.5 points higher as we erase much of the losses that seem to have disappeared from almost a week earlier. the death toll from the coronavirus has surpassed 500 in mainland china those affected crosses over 3,000. eunice yoon shows us what it is like to actually live in china during this outbreak >> thank you with so many people under quarantine or choosing to stay at home, the deliveryman has become an indispensable paurt. we decideds to to go out with delivery man >> he's on the front line helping the chinese get through the coronavirus outbreak a courier in beijing part of an army of those delivering just about everything to families. he's been a delivery man for eight years. never faced anything like this >> translator: i put on my mask. i don't go to places outside my route. before they leave the stations, bikes are disinfected and health checked. if it turns out they have a fever, they can't work and get sent to the hospital he goes out twice a day carrying 30% more than normal >> before the outbreak, couriers would be able to go to apartment doors. now, they are only allowed outside of the enter prances of complexes. >> wong says he sees at least 50 customers a day. he's not worried they feel the super market is too crowded. safe is on the minds of people here >> these couriers have been fixtures of life in chinese cities for years now in this environment, when physical stores are closed, when restaurants are shut, they become the way for consumers to assume that is helpful for the economy these days >> we appreciate this. you are going between the studio and your apartment is it still pretty much a locked down situation >> it is still a locked down situation. the other day, i saw a tissue box taped next to the elevator because they don't want people actually touching the buttons. now you see tissues and tooth picks to avoid touching the buttons. today, found out restaurants in beijing can no longer have group meals. from they understood, a group contests of three people that is a challenge for restaurants if you can't have more than three people in the restaurant or -- they said another regulation is to make sure each group is at least one or two meters from another group. a lot of things making life difficult here coming up, mayor pete getting big support from silicon valley big names backing the candidate we are looking at quarterly numbers from twitter watch or listen to us live on the go on the cnbc app only if you download it. we'll be right back. owers. 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. welcome back the candidates have moved on to new hampshire. pete buttigieg getting some financial support from the heart of the silicon valley. >> good morning, pete buttigieg has raised over $76 million. more than a fifth of that total comes from california, especially silicon valley. top donors are google parent, alpha best followed by microsoft, amazon has chipped in $98,000 and apple, $88,000 among the individuals who have given, you have powell jobs and others bundlers, those include marc bodnick, google executive and nest cofounder. holding a meeting for nicole shanahan, the wife of google cofounder, not to be confused with the wine cave fundraiser for elizabeth warren all of this comes as criticism of boouuttigieg that he is part the swamp. >> does this give you a sense that what happens in iowa doesn't matter >> there are polls now that say buttigieg is doing well in new hampshire. >> stay where you are. a look at the 2020 democratic field. she wrote an oped titled, "i am a republican i hope the democrats pick a candidate i can vote for." i'm so curious about all of this and so thrilled you are here this morning elizabeth warren is your candidate? >> i would be happy and proud to vote for her i've known her for many years. i think she's a person of integrity and understands markets better than any other perhaps save michael bloomberg >> the thing i'm so curious about. the earlier piece i read said you were desperately looking for a moderate i would not put her in a moderate camp? >> the headline the post picked was good for a lot of clicks but it wasn't my headline. it was a piece because we tend to vote negatively, not positively, that tens to hurt people you are seeing pete buttigieg, i think he's really under qualified but he's a shiny new toy. i think they are examples of people with experience and proven ability in washington to build on those ideas to get things done. is it suggestive of the drartic party or suggest the possibility for mayor bloomberg you mentioned earlier? >> i think senator warren remains an attractive candidate. i think she has the chance to cross over as well yes, i think biden's poor showing. we'll see what happens he has avoided those early states >> would you take bloomberg over warren >> i know warren better. i care for financial reform. i think mike bloomberg was a very good mayor. he is close to that industry his business makes money on that industry he is a very good mayor. i love what he's done on gun control and scholarship at johns hopkins. he has a really good record. >> you criticized buttigieg but elizabeth warren was for fundraising from big donors until she was against it she raised a lot of money and then moved some of that money from snapchat campaign to presidential campaign is there some hypocrisy on her judge of buttigieg? >> i don't think so. when she was first starting, she played the game like everybody else does. she's tried to move beyond that. it has made it harder to raise money but she's sticking to her principals >> go pick up the paper and read her piece. >> do you know a new york city mayor has never become president but a new york police chief has and the youngest ever at 42 years old. teddy roosevelt. >> drop the mic. 2012 but just don' @us. settle down. tesla shares up more than 13% this week. we'll talk who is yi ubungp tesla shares and time to be a little concerned what do you see? we see a billion more people breathing free. we see access to fresh food being the global norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths t