worries about the coronavirus's impact and where is wilfred he's down in d.c., he did a long forum and great interwould you are vp mike pence. >> we have more of that to come, including whether the vice president thinking that the rising deficit may offset any of the good news associated with these strong jobs number why he sees evidence of greater economic cooperation from china and whether or not the uk's huawei decision risks derailing u.s. trade talks. we'll see you in a about i for all of that joins us is dan nathan welcome back >> good to be back. >> why is tech and amazon in particular the key to the market for you now? >> when you think about the action last week we ended on a sour note there was a lot of pessimism this week. and we ended the week on a dour note what is most interesting about the market right now is the s&p 500 is still up 3%, nasdaq composite doubling that. what did we see this week? we saw amazon which had been a laggard to some of is peers, maybe a new all-time high, and then this uber today, pinterest today, up about 10%. these were names that were kind of left for dead. >> don't you love pinterest? >> we're going to get to that. >> we'll get to it i got here late. we have michael santoli with his market dashboard, and me material monitoring the latest on the coronavirus >> we're going to start off with thanks for the support, and look at the support that the bond market has provided for the stocks and whether it will continue to do so. then lifetime achievements, two tech companies vying for the largest in the country and show me the money. we did get the jobs report today, i'd like a real on the weekly earnings, and known pain and glory, a big glimpse on sentiment, with a nice rebound stocks versus bonds over the last six months, s&p 500 put um again the ten-year treasury yield. these are obviously different scales, but what i'm focused on is this pullback in october, bond yields bottomed, as they did this time, as they got higher, theymake a new high until stocks were significantly onward to the up side. here we have seen another he situation where bond yields bounced off the lows, have not made a new high. if we curl back lower in yields, probably will take away a bit of support. i think it's okay if yields don't make a new high, but you don't wanting to it sag toward the lows that's more of a "w" pattern we haven't had a need "w" here in the pullback, but you want to look at thisrelationship as it carries forward, reacting on the news going into the weekend. thank you, mike. we'll see you in a bit what do you make of that relationship >> i could not agree with mike more when you think about -- there's a triple bottom loud from 2012, 2016, last summer 2019, it's down in that 1.4, 1.5% areas if it goes down there, usigh alarm bells go off, mo knowingly equities those yields are supportive for the right reasons. if they're all for a the wrongs reasons. >> yields are great until it's too low, and then it gets worrisome. >> exactly >> we're very -- we'll just do it -- >> those are fighting words. >> let's do it, you and i. it's been a great week for stocks today stinks. >> yeah, but why the chinese hadn't stepped in, even with this jobs report authorities, we're back to the same trade we've been in for a long time. you know what to do, sara, buy the dip. let's buy into the january jobs report. steve liesman has more on that has the news gotten let good i feel like more economist notes have come out. >> i haven't changed my view, sara, that it's a very strong jobs report. here are the numbers, up 225 that number hasn't changed, which is 158, average hourly wages, kind of on the contained side, just 0.2%, month to month unemployment rate, because people came into the workforce these are the kinds of numbers that fed watchers keep essential bank on hold and further policy combination is unnecessary, bmo writing the job report supports the fed. the question for the months ahead, how it withstands the boeing shutdown. continued weakness overseas, and fallout from the coronavirus i guess what i was referring to is there has been mention of the fact that manufacturing jobs were negative. that's actually the third time in the last four months beef seen a loss of manufacturing jobs retail continuing to be a drag on the labor economy, and financial jobs actually shrunk for the first time in many years. all of that is true. all of that is true, sara. manufacturing has been on a long, slow, steady decline, and this goes back directly to the tariffs that have happened i think that was sort of in the market one other negative is you had a very strong construction jobs report up 44,000, might have been because of really warm weather in january. >> steve, have you done any research, that big brain of yours, how tied we are to china's gdp? there's the thought they'll go back to work in a week or two and everything will be fine. if you think people are going to jam into a factory next week -- >> these like -- certainty not at thinks levels that china represents of global gdp where it is right now, which is 16% or 20%, depending on the measure you use, but it's a lot more than when the sars came around in '02, '03. i'm going to be reeling the reports this weekend if this forecast for the first quarter creates a knock-on effect for the united states for the first quarter and second quarter as well >> take a look at ed hypingman >> he said zero growth. >> but he also said he's very upbeat on the u.s. economy and. >> we could get to a point where nike can't supply shoes if the factories are closed down for months. >> nobody knows better than sara the knock-on effects of international. we've had years when foreign growth surprised us and u.s. growth surprised to the up side. we've had years when foreign growth was below expectations and u.s. growth was below expectations we can run, but we can't hide. >> steve liesman, thanks very much all right. now, let's talk more about that, and get the latest on the coronavirus. chinese state media says the total confirmed cases is now 31,521 death toll, 638. meg tirrell has been closely monitoring the story from the beginning, and she joins us with more developments, and what some companies are trying too do to understand what this virus is. >> brian, that's right illuminize that's technology ha been used to track whether the virus is mutating. we talked with the chief medical officer about why that's crucial information. >> that change can lead to more -- greater infectivity or greater viralens -- due to the -- are muations in the areas that the vaccine recognize, and will they become less effective. >> so far he says while there have been some changes identified, still he emphasizes it's early and there's a lot left to learn. sara >> meg, it is thanks. the impact has been front and center following a number of earnings reports listen to this. >> we're not seeing a significant effect on the business overall where we see an effect is in north asia, business in hong kong, that is down significantly, proan overjaw standpoint, it's not material in any way. >> we are currently focused, almost slowly on the health and safety of our employees, our customers, and the macao community at large i don't want to predict when operations will be back to normal they will be eventually. we're not sure when, but macao is set up for a great rebound. >> this is major news which is headwind people are staying at home so we're seek an impact. took their earnings guidance go 25% down to 2.5 >> i saw your interview, and what is disappointing, it's also demand. >> it's more demand than supply for these companies. >> that's right. so you tell me there's going to be pent-up demand for people on unpaid furloughs, you might lose a large slug of q1 all that said, when we get to q2 earnings, it's a massive mulligan what does it do to s&p 500, earnings growth especially where a lot of their growth comes from, you know, outside the u.s., special china. >> you've got to give ceos a wide swath of cover. >> there were alarm bells that went off when the chinese saw the yuan depreciate. that could be a real impact. when people we know the last couple years, expectations have been here and they come in a here and we've just seen multiple expansions. >> a lot more on cnbc's specialty report, 7:00 p.m. eastern right here oncnbc. up next on "closing bell", much more from wilfred 'interview with vice president mike pence on whether the uk's huawei decision could harm trade talks between the two countries. investors ghosting shares of casper today the gains disappearing more on casper ahead. and your closer to, stacey cunningham, whether you should ever invest uryo hard-earned cash into money-losing companies. we'll be back right after this do you have concerns about mild memory loss related to aging? prevagen is the number one pharmacist-recommended memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. wilfred has had an interview have with vice president mike pence. >> how disappointed were you that the british decided to grant access to huawei >> i think the president has been very clear, secretary of state pompeo reiterated it that the united states is very disappointed that the united kingdom has decided to go forward. >> the president was appear president-elect appe appear -- >> when i went with the president's direction, i met with prime minister johnson, i told him the moment that the uk is out of brexit, we were willing to begin to negotiate a free trade arrangement with the uk now the uk is out of the brexit, our teams have begin that process to work, but we just don't believe that utilizing the assets the technology of huawei is consistent with the security or privacy interests of the uk, of the united states, and it remains a real issue between our two countries. >> is it a deal breaker? >> well, we'll see we'll see if it is we'll continue to make it very, very clear the president has a strong relationship with prime minister johnson and we are ainge to build the economic ties. we have mardy it clear that as we expand opportunities to build out 5g across this country, the fcc just announced a new arrangement that we think with catalyze the expansion of 5g technologies, we want to see our companies immediate the neither without the compromise of privacy and the compromise of security that necessarily coms with huawei and control by the chinese communist party. >> the attorney general said the united states should invest 234 companies do help them catch up with huawei. is that a realistic option in the short term >> great respect to attorney general barr, but just over the last all across the country, and that's the plan the president has endorsed to rural areas of this country, by using the power of the free market and american companies, and the united states and our allies around the world can meet those needs themselves let's bring in wilfred, who is still at the white house, sending a pretty clear message i thought to prime minister boris johnson about cooperating with huawei i wonder how willing they are to threaten that trade deal. >> absolutely. i great, and when the uk made this decision, initially there was a send of surprise that the u.s. reaction had not been louder and fiercer, will be that, gosh, we got away with this it's clear from that interview, behind closed doors, at least, the response had been loud and clear. or to plow on with huawei in the 5g ned work. another big takeaway is how clearly he the possibility of the u.s. investing in companies to speed up other companies' innovation in 5g just going back to comments i've had from sources in trees ra may's government and boris johnson's government, the big debate is we understand the u.s. doesn't want us to go ahead with 5g, but our response has always been what is the alternative wilfred, good to see you thank you very much. you have the dow down 282 points, the s&p 500 also down, 30 stocks are down, the number one gainer, maybe it's moving on wilf's interview >> also a dividend, too, in this environment. >> sounds good especially if dan is right on yields. we'll get more into that on the rundown, pirnl. up next is your "word on the street." plus former chrysler president jim press discussion a wild week for tesla, and a new shake-up at ford what a time to be alive. the world is customized to you. built for you. so why isn't it all about you, when it comes to your money? so. what's on your mind? we are edward jones, a 97-year-old firm built for right now. with one financial advisor per office, we're all about knowing what's important to you the one who matters. edward jones. it's time for investing to feel individual. welcome back to "closing bell." a pair of dueling notes on twitter. guggenheim believing long-term potentially is fairly valued, but susquehanna believes that things like the olympics boosting twitter's stock needham is out on a note with world wrestling, and the best scenario is amazon buys out all the offshore rites for the o.t.t. networks. longtime ge bear, giving it a hold ratings, and raising the targets. joining us us now is the analyst, john hinch. now you're going from sell to hold i get i'm wondering playing catch-up, or has something fundamentally changed? but the company has successfully shifted the narrative away from fundamentals and scrutiny that's been the preponderance of the initial response, and ge is such a big name, so it's hard to rewrite that negative. >> john are things getting better or things have stopped getting worse? >> i think it's more the latter. >> this management team has restored confidence, as we know, especially with companies with so much financial debt, we know that confidence is critical. we have done a decent job from here i think it probably transcends with my group. i think my industrial group is overvalued ge probably meanders. >> as the industrial cash flow is improving, and management has come in and done the right thing, and we knew power was a disaster, and it tell graphed at this point. >> except the fact they set the bar so low for the cash flow a. and it proceeded to beat, and there's other issues that ge by its own hand got better. the question is when will this prove out? probably a year or so where could your $1212 call be wrong? >> is the company has winnowed itself down, it's very highly profitable i think what -- apart from the market what could possibly happen is that, you know, they're able to successly reorganize to drive toward the narrative of closer to a dollar per share. that's possibly how you get there, but right north we're talking about 35 cents a shaich. it's a pretty long stretch from here to there. >> dan, are you a buyer of ge, or have you been >> this is one you hear people say there's a lot of stock us out there, and it's such a complicated situation. even when guys like you started downgrading the stock, it was already cut in half at that point, people are like it's a value story, and then, like you said they started getting rid of the assets i don't likes it. >> there's like 8.7 billion shares outstanding that's why i brought it up you think about price action, ge is cheap, it's at $9, don't lose the fact that they have 9 billions shares outstanding. they need to rein that in. >> at least they're selling that, they're going to get $20 billion in the door this quarter. that will buy them some time for sure. >> a lot of people say larry culp is the real deal. >> sure. his track record was at a much smaller company that was a fine-tuned machine the circumstances here are very different. he's a great ceo by reputation, but i don't know how you can run out to simply say i want to be with joe know what he's done to sell businesses. >> you run out of things to sell that people want to buy. >> he was forced to do it, he did it to save the company, but that doesn't leave you with an inspiring -- >> so it's sort of an upgrade. still not so hot on ge here are the three things driving the action today the strong jobs growth 225,000 jobs added in jauron wears easily beating estimates there are in worries about the coronavirus impact on the chinese economy and global trade. uber says profitable is just around the corner, putting the stock on its pace for the best day ever let's gone to contessa brewer for the update. house speaker nancy pelosi just laughed at a reporter's question that president trump is calling for his impeachment to be expunged. >> if they don't want to honor their oath of office, then they're going to have to expunge it from their own souls the violation of the constitution. flu city widespread in every state except oregon and hawaii all but five states reporting high activity. there have been at least 22 million cases of influenza so far this season, and 12,000 deaths. russian president putin, and his counterpart taking a break from talk. i think from the video, it looks like they're trying to more stick than carroll you know what i'm saying that is the cnbc news update this hour. back to you guys. president trump has been a big critic of jeff bezos, but now another member of the white house has a beef with bezos. we'll tell you more coming up. pin tres shares are soars. dan nathan might be taking a bit of a victory lap, as he picked up his last-chance trade in early january. find out which stock he thinking could soar next. that's later and a check on where the bond yields are. look an that 10-year we'll talk more about that he has a trading idea, and it could be good news for the real estate market. stick around what's important to you.ow saving for ava's college. being able to retire on our terms. taking care of dad. why ameriprise financial? my advisor cares about my personal goals. he gives us comprehensive advice. i feel prepared for what's expected in life and even what's not. she helps us feel confident. we know our financial future is secure. with the right financial advice, life can be brilliant. ameriprise financial. othroughout the country for the past twelve years, life can be brilliant. 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. we have 24 minutes to on go, here's michael santoli with the number two on the dashboard tod today. >> that is what both apple and michael have done. it's within a whisper of each other. you never know in real time how many shares there are. but what i find most interest about this is the way microsoft has accelerated to gain microsoft right now is checking off every box. it's now trouting above 30 times earnings it's added 600 billion in the last 12 months it's what it peaked at in late 1999, so i think you you can make the case that microsoft is crowded. they continue to habitually flock toward >> there are four of them. which one is more expensive ♪ microsoft has a higher p.e.. >> listen, apple is an interesting one, it did not grow earnings or sales last year. its p.e. nearly doubled, all the multiple expansion they obviously three off a ton of catch that maybe it's in 2021. >> microsoft, on the other hand trade (3) 2 times, it's priced for growth this is a mid teens grower, and they have that dividend yield. they're just two different businesses the two stocks make up 40% 71 stocks. if one or both decides to go -- >> this goes back to the multiple expansions. in 2020, they can continue to go up, but at some point when you have the maga com