♪ the fed is in focus and certains of course remain in the don't just plan to retire. spotlight. plan to live. cisco's numbers from yesterday dragging the dow down a bit. an annuity helps cover your essential monthly expenses, joining us for the hour, so you're free to live the life you want. find out how an annuity stephanie link what's stands out for you today? can give you lifetime income >> the virus at protectedincome.org it's ongoing, right? i think the big question, is will it lead to a global recession or not i'm in the camp that it's not. we have seen how quickly china has been able to react with stimulus that started a couple weeks ago, and they have already been putting a ton of stimulus in the system, so i think you'll see slower grow, and the global 18 minutes left of trade here's a check on the closing bell big board growth for 2020 by 0.2 to 2.5%, major averages are red again, but really sort of minor but at the same time they're declines here. raising 2021 by 0.1, to 2.8. nothing like this morning where they were off more significantly on reaction to the new number that's not recession in my book. so i'm trying not to get caught out of china also some of the movers there in up in the day to day, and i've the chip space, nvidia is out been picking away at a couple with earnings after the bell companies. and -- >> i already thought it was a record high. >> i think they're going to >> it's a side shot of me on monetize their copy assets, but i mean, paypal is doing quite that very odd well it's bounced back so nicely from >> is that what you were looking when it reported the disappointing quarter, which was at >> i was looking at how old i'm not disappointing in my few. getting, from every angle. so you're a dip buyer. speaking of getting old, >> i'm a dip buyer. >> you mentioned mondo lease, that is close to her heart. allergan will do that. >> i used to cover it. >> the stock has had a nice run, that's all but this time last year, it was at 92. really good quarter, good guidance, led by the shsoriasis >> you like oreos, too. >> i do. meg has the latest on the coyne vire updates drug, you get diversification, too, that's why the stock trades ylan, let's go to you in at a nine multiple so i think you'll see the multiple expand this year. i think you'll see better earnings, and oh, by the way, a washington >> in a statement microsoft said it was disappointed in the 4.6% dividend yield while you wait delay, and that it believes exclusive in 2020, i guess facts will show that the defense that's been a controversial part department ran a detailed, of the name. that's why it trades at the thorough and fair process in multiple it does that's why the allergan deal was determining the needs of -- best met by microsoft so important, and better uptake, which is a surprise to a lot of people, which is why the stock >> amazon is testing this content, and accusing president rallied so much. trump himself of political >> biggest selling drug in the interference the judge's decision today appears to be sealed, but it world. botox maybe. does mention that amazon could >> maybe bo tax when it's be forced to put up $42 million to pay for costs and damages if it turns out this temporary stop underabbvie. should we buy or sell before white house wrongfully issued. the closing bell guys, we have reached out to uninterrupted coverage when we amazon for a statement go inside the market zone. back over to you >> this was such a hard-fought go ahead ready, david. >> i'm going to strap on my seat contract i remember when all the parts were participating belt you can always watch you on amazon always thog of as the the cnbc app download it today. favorite given the size of aws "closing bell" will be right back and their dominance, at least for some time, in the cloud. this goes back to their when you look at the critical issues facing our world, assertion there was bias, because donald trump doesn't what do you see? like "the washington post" and its owner jeff bezos. we see breakthrough medicines >> that's exactly right. getting to patients in record time. they're making two claims. we see harnessing natural gas they're saying there are eight points on which this contract unleashing the promise of clean energy. was evil wailed. they're saying six of those we see engineers simulating the future to improve today. points and six of those processes were not done correctly. separately from that, they're at emerson, when issues become inspiration, saying there was mitt cal focusing core strengths to create a better world interference in this matter, not just from president trump, but isn't just a result, it's a responsibility. from the current defense secretary, and po tinch eel from emerson. consider it solved. the former defense secretary as well they are looking for testimony from all those potential witnesses. the judge has not yet ruled on that case, on that request, but at least moiismt can today s-- k you. total confirmed cases now topping 60,000 the total death toll is more than 1300. meg has the latest. >> the cdc confirmed today a 15th case in the united states, in texas that was among the americans evacuated from wuhan, china, currently in quarantine. the numbers from china look like a massive spice hire, but that's due to the way china is when it comes to your business internet, which is more important? confirming cases instead of a lab test, they're ♪ ♪ counting some by clinical okay, i wish i didn't have to choose. diagnosis, using chest imaging like the more i think about it, the more i want to jump to each room. to detect pneumonia. what if i said you can have it all? ♪ ♪ comcast business gives you connectivity that goes beyond. many public health experts are that's what we want! looking elsewhere for spread, to that's speed, reliability, and security, all from one provider. see if we see increased hum touchdown! get started with internet and voice for an amazing price. human-to-human transmission. call today. >> meg, is that new methodology comcast business. beyond fast. being used worldwide >> this is unique to china, even unique to the epicenter of the outbreak really, sara. hubei province that is started to clinical diagnosed the cases. they don't have enough tests to confirm it >> meg tirrell, thanks more u.s. listed companies are issues warnings about the coronavirus outbreak alibaba's shares took a hit today after warning that now you can, with shipsticks.com! stalling operations in china may slow the growth. no more lugging your clubs through the airport or risk having your clubs lost or damaged by the airlines. sending your own clubs ahead ralph lauren lower as well with shipsticks.com luxury retail irthat is closed makes it fast & easy to get to your golf destination. about two thirds of its stores with just a few clicks or a phone call, we'll pick up and deliver in china and united will suspend your clubs on-time, guaranteed, for as low as $39.99. airlines shipsticks.com saves you time and money. ted appraisely planned to make it simple. make it ship sticks. resumed next week. shipsticks.com saves you time and money. you should be mad at airports. u.s. growth was expected to -- excuse me, where is gate 87? you should be mad at non-seasoned travelers. citi notes that the u.s. could do relatively better if it and they took my toothpaste away. and you should be mad at people who take unnecessary risks. proves to be more insulated to how dare you, he's my emotional support snake. the ongoing risks clouding the but you're not mad, global outlook because you have e*trade, interesting, stephanie, the whose tech helps you understand market -- investors obviously the risk and reward potential on an options trade paying close attention, that we it's a paste. it's not liquid or a gel. saw a comeback after the w.h.o. and even explore what-if scenarios. came out saying that it doesn't where's gate 87? don't get mad. look like the virus is get get e*trade and start trading today. worse. the reason the numbers spiked up was because of the testing. >> because of change you have to take advantage of some of these companies that have tried to quantify it as best they can. they get hit initially, those are the once you want to take a look at. ralph lauren is barely down, so we have 12 minutes left in the trading day, and we're now i go babb to will bes to dr. scott gottlieb in the "closing bell" market he's been saying for weeks china zone for all the action heading into the close. is underreporting, so now i mike santoli here to break think this is a good sign. down the -- and we also have obviously it's terrible news, but at least we're trying to get stephanie link here as well. more certainty we kick it off with tesla. that's what the market wants the market hates uncertainty to the extent we geta very phil lebeau as more details. >> it's not often you have a good thing. >> as we watch the market more secondary offering and the stock or less at the flight line tonight, by the way, you can moves substantially higher, but this is what has happened. catch the cnbc special report, it mentioned the dilution rate every night, it's a 7:00 p.m. k will be buying $10 half-hour show that goes through the advances in the news million worth of stock it has been a daily, if not remember, it was just two weeks hourly, store right here on ago after tesla reported fourth quarter earnings cnbc. mike as today's dashboard. he was asked point-blank, are you going to raise some capital? he said, no he with we don't >> we're going to start with "feed the ducks. need to raise capital right now. keep in mind how the shares were i'll look at past offerings. is 30 the new 20 dipped when they initially announced this the company also had the 10-k the dow approaching 30,000 look at a longer-term context of the major milestones. >> and wants or needs? come out today, and they are good going to raise expenditures by a sizable amount, but that's consumer discretionary versus one thing that's overlooked by staples. explore why, perhaps, and then everybody as they announce this claims settled, some good news stock offering guys, back to you. on the jobless claims. >> mike, what do you make of the so there's a saying when the ducks quack, feed them, which means if investors want your act in the stock >> somebody sees it as a bit of stock, you should gel them more. that's what tesla is doing, the stock has rebounded. a 20% off sale, right? i don't really think it changes two billion is not a big bite. the story, which is that the very dedicated, true believer community is well behind this. here are are -- that they have i mean, $2 billion is nothing in terms of the market value to be done there's no real rule in terms of able to absorb something like what the stock does, but you this so keep in mind that's kind of have seen a big jump in the stock sometimes, but it didn't necessarily mean that it was a how it goes. the story starts to get out there. time to either buy it or sell it i think some people might thing in retrospect. $2 billion is low. sometimes the stock did go down, >> is phil still with us but hard to make a route that cap ex increase is kind of i think what you can say is it's interesting. >> if people are looking at a particular debt issue, they a smart corporate move to get -- might be able to buy back and take out and some might acright not ask the money is funkible, but they haven't given guidance for the for more but it's also very year. >> you want a growth company to spend, especially them. >> it was one of the knocks against them a couple consumers names interesting, and there was a reporting results today. test this morning, the near-jerk craft heinz plunging after the reaction was to sell the stock, company reported a miss on but obviously that's been well revenue, disclosing 660 million of impairment charges, and says it's pushing back the unveiling absorbed this is tens of billions worth of the turnaround plan from of shares pretty much every day, march until may. pepsico is releasing weaker why not, mike? >> it's a lot different from where they were looking to raise money and debt, and we're not than expected. making any money no history of profitable. we spoke earl cert to the cfo >> but it is, though, david, 140 and vice chairman about any billion company, and 2 billion in cash is still very material potentially impact from the to its balance sheet coronavirus since they have a i can think of only netflix plant in wuhan. that's in something of a similar >> distribution is a bit of a situation, where they have a challenge, but we feel like very, very high market cap, and we're getting it back. it will have something of an yet they're still consuming impact on the china business capital. >> you know, there was some reg for pepsico overall, china is la story scrutiny out today that less than 2% of the overall the fcc investigation, there's a recall that reuters reported of company. >> johnson was optimistic about some tesla suvs, and the stock the u.s. economy, saying that was up 5%. the environment has been >> it is incredible. that's what the speculation is. healthy. he said her typically prudent >> adding cash to the balance sheet. >> you go from a -- to some more about our guidance is they like products, geographies, always lowball it and always end where they're going to grow. up beating it, but i think the it's a total change, a total, complete change. i don't understand the price pepsi/kraft-heinz juxtaposition action, i can't get through the valuation, but i get the move, shows when -- i ate a half bag of these news cheetosflavored to some degree coming up, high-end cooler popcorn that came out from maker yeti is a bit higher today frito-lay, and they're doing on earnings. that is the stock, which by the this flaming hot thing on way is nearly a double from when everything, which is selling out. so they're able to keep prices the company went public. up, innovation strong, and a number of other consumer we'll also take about the coyne companies have do that as well impact on the supply chain. it's not just as mondo lease, judy shelton facing some pressure during her confirmation but really a lot of them hearing. we'll bring you the highlights it's been busy cutting costs. including the question that >> i thought the pepsi call with prompted this response. >> i pledge to be independent in hue johnson was good i felt better, i think he my decision making and frankly absolutely is being my decision making and frankly no one tells me what to do conservative he track record of doing so, coke actually outgrew them, who look beyond the spreadsheets right? they had a 5% organic growth to understand companies, from breakroom to boardroom. guidance, and last year was really all pepsi who know the only way to get a 360 view is to go around the worl get it. coke lagged tremendously >> it's already outperformed, can i rely on deep research but i think the growth is -- i to help make quality investment decisions? think it's positioned to with capital group, i can. continue to see 5%, 6% organic talk to your advisor or consultant for investment risks and information. growth they just did. talk to your advisor or consultant i prefer that one, especially through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing business. since it lagged last year. >> i know, they did seem to from finding out what's selling best... indicate, if you look at the second half of last year, certainly better than the first, to managing your fleet... as you said, pushing out the plan in terms of the turnaround and more specific metrics. to collaborating remotely with your teams. you and i have talked on which about the product portfolio, the giving you a nice big edge over your competition. lack of innovation that you were that's the power of edge-to-edge intelligence. references, and kraft mac and cheese, oscar mayer, crystal light, apparently -- >> i'm the only one that drinks it, apparently he has the talent he wants now, sara >> i'm not saying they're shooting out the lights, but these stocks can get cheap enough and people can get down enough on the brands who knows if even modest improvement has a -- >> they did have a super bowl ad, kraft did, but the planters nut sweet, we actually talked about it, so they are starting to spent again >> ant don't forget "barron's" had a positive article on this stock over the weekend so obviously -- >> not a disappointment. 5.77% dividend, and they are not cutting it, at least got that going for you. snapchat is testing a redesign let's get to julia boorstin. >> david, snapchat, shares up about 1%, on ways it's testing -- featured suism as maps they're testing out a new bar, to shift between five different sections these images were obtained by cnbc now, snap is also experimenting with a new happening now section to feature news headlines. almost two years ago, snap overhauled its app design, using millions of users, amid widespread criticism, but it ultimately walked back many changes. that's why there's intense scrutiny of anything that could threaten its growth. snap did add 31 million users last year. guys, back over to you. >> julia, thank you. i wonder if the jenners approved radio youy shelleding facing the remember that? commission year and the clear >> was it kim kardashian theme was the ability to remain >> maybe it was. independent. >> the federal reserve independence is critical, and i someone in the family. think every single member of this committee and member of the instant wants to assure that the federal reserve is independent. >> it had a good quarter >> the point of the reserve is gen-y and z uses these mediums to be a steady, guiding hand i don't own it a vote for ms. shelling is a vote against that independence i own twitter, but i i can see you pledge to be independent regardless of what the president tells you to do? it toe increase over time. >> i pledge to be independent in my decision making, and frankly, >> it was kylie. >> i hate when she's right. after the bell, we'll get earnings results from nvidia no one tells me what to do let's bring in -- and david josh lippen that is ha rosenberg, founder of rosenberg what is it, josh >> so david, here's what we'll reserve. good to see both of you is that expect that stock actually did hit a fresh all-time high today. a question that you guys have? it has rallied more than 100% >> terrible be on the minds of since the june 2019 lows senators, if you see what she's said in the past she's on record suggesting maybe rbc's mitch steve says the number one metric to watch, there should be a greater relationship between the fed and revenue for the data center, because the chips do carry higher gross margins washington she's are she's also questioned he also wants to hear more about what management has to say about whether or not and actually the coronavirus and how that is advocated the gold standard. so in the past what she's said impacting the supply change in china. guys, back to you. is questionable and unconventional, and i think >> josh lip ton, thank you very that's what the testimony showed today. >> if she gets in, though, does much that one is expected to be it alter the course of fed weaker. >> we've seen momentum across a policy >> look, she would be a governor couple different companies, gaming could be impacted and influential in that regard, remember they hadded deal that but at the end of the day they'll close, that will give them -- you're looking at me ultimately it's the chair that like -- sets the framework >> they haven't gotten antitrust i think the concern and where approval in china unless i probably market participants are focused, not if she gets in as a missed something. >> they have been waiting a long governor, but what is her next time they have a lot of flexibility step would she then, if president trump is reelected have i own the stock. potential to become chair, and it's very challenging, but i like it. then it becoming much more any weakness, i would be buying. transformative. the president has made it clear that he was zero policy interest rate cuts the market makes it clear. >> soggy and defensive obviously decidededly to the negative side, with pretty significant losses are we going to see that >> i think we'll see it obvious they have a hard time coming back from that. you look at the utilities versus irrespective of the the industrials. up almost 1%, as yields are maintained, and people do huddle in some of the safer areas of the market vaccinationent governors ship the volatility index has been role such a slow bleed. my sene is the economy will be cooling off. the index hedging has been so i think the fed will be cutting interest rates active, whereas individual the question is the timing, and stocks, everyone wants to buy this whole nothing, by the way, upside exposure. you see it hovering in the 14, still not what i would call a with the fed's independence, is perfect all-clear. two minutes to go% we end it humor us, because it's the trading. rick has a check on the bonds. creation of congress, so it's a >> historic day. look at the two-day of 30-year bit strange to think that the fed is completely independent, bonds. now let's look at a 20-year so this whole debate i think is chart. that 20-year chart reveals the real moot. the most controversial fed chairman of all time was alan all-time low yield was august of last year at 195 what it does tell you is today's greenspan, when you think about it, he was a big gold bug. auction of 19 million ended up and then after he became in the lowest yield ever look at a year to date of the chairman, he never looked at dollar index it's been flying, continues to fly. as a matter of fact it's up 2.7% gold again it's really what you do one you this year alone. become a member of the team. indicate rogers, out of 30 trading days the knack dak is up -- nasdaq is up. >> one of the things you said i >> the composite is lower by about 15 points right now. the economy is slowing technology names were leading we've continued to be better days >> the answer to the question is the way. this -- we just came off a year starbucks also on that list where corporate profits were surprisingly despite concerns about coronavirus intensifies in negative for four quarters in a china. remember starbucks does have big exposure there it's closed more than half of its stores, but to the down row. that the economy must be doing great. side, cisco and apple shaving no, the economy is actually not about 15 points off the nasdaq doing great, and the two biggest 100 with the coronavirus contributors to growth in the concerns weighing on the two big fourth quarter was declining names. import demand, funny enough how bob pisani, over to you. >> the market is acting like there's not going to be any that works we have a government deficit of significant spread of m 5% gdp, so yeah, it's going to coronavirus outside of hubei and be different with that amount of the province there government support, as we talk about the return of socialism. singapore had a slight increase. the government support for the economy is incredible, but i would sea that actually outside 9 also say a pickup in volume of of the consumer sector, you look the thailand etf at consumer construction -- that symbol is thc we'll keep an eye on that. they have struggled the last few weeks, there is the closing >> the consumer is huge. bell dow jones industrial average >> that's the biggest part of drifting lower toward the close. the economy. s&p 500 holding up a little >> i understand, there will be better, just shy of positive l spending recession in the united states the question is whether that morphing into an erosion of territory, down five consumer spending. welcome, everyone, to that's the big issue more than "closing bell. i'm sara eisen. >> i'm david faber in for anything else. >> i agree that we didn't have wilfred frost, along with mike the earnings growth last year at santoli. take a look at how stocks all. this year i think we're set up for better earnings. finished up the day lower. it sounds like to me from your off the worst levels of the session. comments, you expect continued we were lower all day. negative earns in 2020 closing out down 125 on the dow, is that right? >> i'm not so sure we'll have about 0.4 of 1%. negative earns i just don't think we'll have the china numbers last night the, call it 8% to 10% that's really spooking numbers, but also disappointing earnings from the likes of cisco it's the p & g and walmart that priced in. i mean, that's the debate we shine bright today probably should have when the you can see in the afternoon we were positive at some point. mark is down the market is priced for an same thing for the nasdaq, you certains boom. willy closing lower just a bit the multiple is getting up after spending some time having to close in positive territory towards 25, actual gap earnings. so an opportunity to pull back i don't even have to have a keep in mind nasdaq, s&p, all recession view, except if the closed at record highs fed cuts interest rates, and we yesterday. small caps outperforming and gets this ongoing shareback finishing higher by about 0.25 boom, and i think even for quote bears like me, we have to rein that in. there's other things going on in of 1 hundre%. we'll break down the numbers the stock market that have as soon as they cross the tape. nothing to do with the broad . 80% of analysts say yeti is a economy. >> michelle, take the other side buy. you guys are not nearly that the ceo will break down the key things driving the performance first to you, mike santoli negative >> so q1 i think is tracking on what you think drove the action. >> obviously some resilience in week, a lot of that has to do coming off the lows from before the market opened. i do think there's still this with the continued uncertainty kind of muscle memory that says when the world is scary and you have the boeing hit. we're not sure of the outlook u.s. stoke are -- and there's a but if you look at the fundamentals and the economy, it's hard to tell a negative global throw in this direction story right now. you have job growth that this market has not been able to accelerate accelerated we'll see what rates with assistant earns outsell tomorrow, and i think disappointed, but at this point the consumer probably will show i think it's held together fine, up tomorrow so to me it's not a except for good stuff. >> jeremy clearly coronavirus is gangbuster economy we won't see a considerable still front and center what do you make of this kill acceleration. what if china prince zero. that the mark is assuming a what if that spills over swift recovery. >> it's at these all-time highs. this user it's all headlines all right tracking low growth how vulnerable is the u.s. >> the global economy is linked. about the coronavirus. we have seen that time and again the more the markets run, the more risk there is to these in this cycle. we saw it in terms of the trade certain reports. shock, considerable weakening in it would be interesting to europe watch. we look at the distortion scores so part of the optimist that of how earnings are moving, and people have had so far this year you're starting to the biller has green shoots developing, largely in the global economy, levels of it ambassador, but particularly in parts of asia. manufacturing to rebound will be valuations are getting more a function of global growth stretched. >> distortion being what improving. so if china ends up being just define that for our viewers. >> think about in terms of how considerably weaker, then of much more the reported earnings course that will bleed into the ver operated earnings, and we u.s., but based off the domestic look at the core earnings of the economy, the fundamentals, they market look pretty favorable. usually core earnings is higher >> it depends on the bounceback. than reported, and so the last time you saw that was 2007 before that, '99 that means people are being more aggressive with the accounting. >> adjustments. >> a lot of of what we're thank you both we've got 37 minutes left of talking about. >> so the bottom line is they're not as good as they look trade. the dow is down. >> we're looking at the s&p we've turned a big lower, though around 20 times on gap, and the the s&p 500 is pretty much unchanged if core measure we trapped is 24 if they go higher, they could set record new highs times, so it is higher stephanie, we're waiting for russell 2000 is outperforming. roku results we'll get that in just a moment, but nvidia good examples of what we are hearing about the growth amazon notching a critical names. >> growth has done well, because win against microsoft. the global growth has actually we'll ask an analyst if it slowed you need global growth changes his view. i think it was interest that this is all after the bell small cap outperformt we will break down the results we will break down the results later on "closing bell." cyclical outperform. so it's lagld the laser three this one's casual. are winning out. (vo) get set up right with a live bookkeeper i'm not of the mindset that this with intuit quickbooks. quarter will be the worst of the year, but i think we're going to see a trajectory that improves throughout the year. >> how much is the bond market action defining what's happening with stocks, when you look at the outperformance of utilities, staples. >> i think today in general, bond yields and treasury levels looks very stock corporate bond yields very slow, demands have been amazing, and the demand -- that anchors the valuations of equities to a large degree on a given day it will change the sector relationship to some degree, but i think that's kind of top of the list of what's been driving this. let's get to the roku numbers. julia? >> sara, roku beating expectations on top and bottom line, revenue at 411 million versus estimates of 392 million. the company reported a loss of 13 cents per share. when it comes to the all, higher than the 36 million >> incremental active accounts in the quarter was about a million better they also say there was a 10% decrease in average sales price, but that does not seem to be hurting -- >> bulk over to you. interesting note from tome forte this week about about roku, vulnerable on the supply change they don't want to go out in public. >> so the demand is strengthening. i think if before you thought as much people do that roku is this play on. >> so they results do nothing to change that story. 34 minutes left of trade p & g is the biggest winner, the stock has already done in terms of which industries are this so well >> runway do you think of a name doing well all green, so about half of them like this? >> the total of the market is a story that makes it we're is bringing up the rear breaking news in the last hour, a judge ordering a only up 5% temporary belong on the $10 so i could easily see it plays billion jedi contract that microsoft had won. amazon filing a motion to award catch-up they're doing a lot there as the contract to microsoft ace well we'll wait for the call. and anthony is also on "squawk box" tomorrow. seema mody has numbers for you. >> expedia shares moving higher, azure business is going the company reporting a gangbuster is this of important to that business in a real way >> well, we estimate that if five-cent beat growth inhome rentals, that's microsoft were to get to the slower pace of growth compared approved annual spin race over the course of ten years, to last quarter when we saw certainly not right away to that bookings up 5% what the stock seems to be level. that would represent less than 5% of the azure revenues that we moving on they're both saying estimate for the next year we're looking for total azure how we operate and increase efficiency we are targeting 300 to 500 retch of 30 billion, so even at the billion dollars, if it gets million that we're not providing to that left over the next couple years, that still reds a specific guidance range. small% we do need to keep it in some and the full effect. being watch closely by perspective. >> that said, the battle over investors. and the cfo back on the 4th of december this contract with us fierce and black to you >> they've been through a lot. it continues right now the change and -- at one point, one would assume it could lead the use of travelers going to others as well. >> that's true, though when you direct to the providers websites read the language of the award, as opposed to using expedia. from the dod website from a few months ago, it did lay out what he's running this -- the amount was, the limitation, >> yeah, the search is on, will they look at exceedia to take and clearly this would not ramp up to that average immediately over -- that is dealing with a i don't doubt that microsoft is number of different. more than requested to do the work i'm not going to take a position on amazon's claims about the process or the duration or outcome of this -- that process >> but as we've seen in the will have to play out, but past, a slower pace of growth in microsoft is in my mind clearly qualified to do this and commercial work. that division. in the meantime they have noting male is also out on the getting ahead of themselves on the cost side. tape we know they're recruiting 11 cents a share people to do work, but even that number is relatively small number of the total recruiting obviously they need people to do the work, but it's peretz small portion of the total head count on profitability to say if they were, in weakness they are looking to at. >> and it highlights the fierce competition over cloud in in places like general, not just for this contract this was supposed to be a how ugly is that getting, as they both continue to show double-digit growth rates. >> well, i don't know that i turnaround story would call it ugly and wanted to do, and movie deals, but when it comes down to it, mattel is a manufacturing company, so they've had to do aws is still quite a bit larger things like sell off factories, than azure, but it's also clear you know, compared to has broke. that azure is growing more quickly. when you look at their combined revenues of the most recent quarter, which is almost $15 >> it's old school and billio billion, azure had about 32% of that total two years ago they only had -- mismanaged at the same time. i don't really have a lot of so clearly assure is a game confident in terms of where they're going to get that from, share, up and down that's all because the top line is so constraint this is not one that i am involved in, nor would i be. business, liquidity commercial, so this isthe way of the world >> management matters. we always know that. if you look at a ten-year or go back 20 years. jay, thanks for joining us >> they were prevented mattel by phone. three things driving the w was. >> it's amazing. action, well off their session lows as investors shake off a >> that would be -- given the massive jump the federal reserve in focus as judy shelton takes heats from democrats in her confirmation change >> we had an early tell, on the hearing. cisco drags on the dow toy business and a few others. we'll get more results after the close. time for a cnbc news update >> if you missed fourth quarter, it's a long stretch before you with sue herera. the senate has voted to pass can make it out. >> also toys "r" us bankruptcy the iran war powers resolution, which would limit the president's ability to wage war against iran it requires a vote for any the attorney general william further escalation of hostilities with that country. barr just gave an interview trump has promised to veto the moments ago in which he measure. airbnb is suspending expressed some frustration with the president of the united bookings for beijing until may states tweeting about matters relating to the justice due to the rapid spread of the department in that interview, which just aired a couple moments ago, coronavirus. it said that customers who had william barr says the president should stott tweeting about the justice department, baas his tweets, quote, make it reservations will be fully impossible for me to do my job refunded. the astros players apologizing today for their barr, the attorney general also said that the president has ner roles in a sign-stealing scandal that called the team's recent asked me to do anything in a championships in quick jose al typhoon and aaltuve criminal case despite some criticism surrounding roger stone, his longtime political ally, barr says, i think it's time to stop tweeting about the department of justice criminal cases, this in an interview with and mcclatchy and dozens of pierre thomas that just aired a newspapers is filing for bankruptcy protection. the company says it will couple minutes ago continue to run normally as it the context is the president weighing in on twitter, saying seeks approval of the he felt that the proposed sentence by the department of restructuring plan under chapter 11. guys, back downtown to you, david. okay thank you, sue justice for roger osteasonablog coming up, we have your to nine years was too harsh, the last-chance trade, and a biotech tame that's up double did you department of justice following up get. plus mike santoli will tell the prosecutors involved in that us why this deck caddie-long you foreof thom resigned, apparently in protest of that look too spell trouble decision, or in frustration of ticking lower today. some conflict among themselves take a look at the ten-year and higher-ups at the department yield right now. of justice the president then tweeted 161, still over that 160 level congratulations. now barr saying those tweets can "closing bell" will be right back, dow is down 100. this is the age of express make it impossible for him to do his job. it creates the impression that the president is putting political pressure on the department of justice to go easily on his political ally roger stone. barr here saying, no, no, no, ev. that's not the case, but the tweets are making it different but in a world full of talking, shouldn't somebody be listening? to proceed here. eamon javers reporting, thank you. our thanks to jeremy short and so. let's talk. we are edward jones. stephanie link thank you both. with one financial advisor per office, we're going to dive more we're built for hearing what's important to you. deeply into roku's results one to one. edward jones. it's time for investing to feel individual. one analyst says, though, tariffing could create a short-term problem. it's a masterstroke of heartache and redemption. and our "closing bell" the lexus nx. closer, the ceo of yeti. modern utility for modern obstacles. lease the 2020 nx 300 for $359 a month for 36 months. 'lfi is driving that growth? wel nd out whether he's experience amazing at your lexus dealer. worried about coronavirus interrupting the supply chain. at snhu we value your time. and your experience that's why we'll accept up to ninety credits toward your bachelor's degree and offer discounts to active duty service members and their spouses finish your degree. s. h. u. dot edu. man: can i find an investment firm that has a truly long-term view? it begins by being privately owned. othroughout the country for the past twelve years, lease the 2020 nx 300 for $359 a month for 36 months. mr. michael bloomberg is here. with more than 85 years of experience vo: leadership in action. over multiple market cycles. mayor bloomberg and president obama worked together with portfolio managers who are encouraged to do what's right in the fight for gun safety laws, to improve education, and to develop innovative ways to help over what's popular. focused on helping me achieve my investors' unique goals. teens gain the skills needed to find good jobs. obama: at a time when washington is divided in can i find an investment firm that gets long term the way i do? old ideological battles he shows us what can be achieved when with capital group, i can. talk to your advisor or consultant we bring people together to seek pragmatic solutions. for investment risks and information. bloomberg: i'm mike bloomberg and i approve this message. facebook has quietly released around app called hobby. apparently it was first made available in other countries, and if you go to the app story for hobby, it shows therein an app called from the mpe team, all right. we have 24 minutes before we getting to the closing bell. which is part of facebook. the existence that was reported by the information, sending pin tres shares lower. over to mike santoli what if it is in the markets, as we tried to create different we know it's about 2% from the projects, which they're asking people to share their photos in 30,000 market. a -- sharing platform that is take a look at this ten-year similar to print tre chart, it's a long chart, which we're reaching out to facebook means all person -- it's not as well as pin tres for comment. back to you. just linear, so it shows keep us posted different gains in a more acreal thank you. theirs of roku surging joininging us about managing way. it did take a sideways move. director at luke capital so beats another numbers, including the all-important user number, but you don't like the really went nowhere for a few stock. >> the numbers were good and the months, but i'm not sure that had anything to do with the big guidance for 1q and 2020 were round number effect. back when it first hit 10,000 in good our negative view on the stock has been a combination of '99, it doesn't top for another valuation and the potential 10%, clearly no necessary competition. the stock is trading at 15 times fundamental or technical significance to these levels, this year's platform revenue, though i do think it's important to note that one could argue which seems pretty high to us, that the dow is kind of at the which you're competing against upper end of this long ten-year the likes of amazon. trend. i'm not going to be an expert at >> people always say the drawing a trendline, but it competition, competition, yet looks something like that. roku seems to continue to benefit from the streamers you kind of surged above it, so this tells you it's been a and it's going up against some strong, decade-long trend, but pretty tough competition how has it been able to do that? in the long term the index has gotten stretched guys >> you need to put that chart up >> the way, it's had a better operating system next to the fed's balance sheet. >> it's not going to tell you it's worked well with with the very much, sara. chinese manufacturers of the for much of this period. television sets. the balance sheet was flat and now they're using over in the uk they've done a very good job, declining. >>. >> more than just four, five months. >> they put out the repo but remember the stock was up schedule about 185% on a trailing people are wondering if that's why the market took a hit. 12-month basis, and almost tripled over the last year, and down four points on the s&p. we think it's totally overvalued uh-oh. here. >> i get that certainly. stephanie, does a fed 1.1 billion in revenue, but they are looking toward 1.6 billion injection help the market? >> at the end of day liquidity is there next year. it's there around the world. the revenue is enormous, but that's helping it's the fear of missing out they're talking about 42% i also think the earnings are yearover year growth in good there's a lot of reasons why revenues do you think they're not going people are putting money into to hit that target this use? >> frankly, david, they have the market well, up next we'll hear from stephanie again, get her typically beaten their targets they typically raise their targets as the year has gone on. the consensus is looking for, you know, $1.56 billion of last-chance trade. plus -- >> my turn. >> sorry revenue for 2020, so 1.58 to [ laughter ] >> yeti, the company that makes 1.62 is actually ahead of the high-end expensive cooler is consensus, so it's just the pulling production out of china. the ceo will be here to explain guidance. >> who comes along and the move a quick check on redfin, represents competition that they haven't already seen and makes some real dent in their that is soars on a revenue beat, the real estate company up continued ability to grow? almost 16. >> for example, peacock, your we'll be right back. at leaf blowers. parent company, comcast is getting a comcast flex, which is a device to broadband-only homes, which looks somewhat similar to a roku device they will have it as an add, a free service, which means it's add-driven nbcu knows how to drive tiesing, so there will be competition from the traditional capable operators, and apple tv, amazon, chromecast from the internet players. you have an $80 price you should be mad your neighbor always wants to hang out. target and you should be mad your smart fridge is unnecessarily complicated. it's trading at 150 -- make ice. >> yes, i recognize that making ice. >> alan, thank you appreciate you joining us. but you're not mad because you have e*trade >> thank you which isn't complicated. don't miss tomorrow, by the their tools make trading quicker and simpler way. so you can take on the markets with confidence. we'll have an exclusive with the roku ceo at 11 a 45 tomorrow commission free today. a.m. still ahead here, though, earnings from nvidia, plus the ceo of yeti. he'll discuss a lot of things that are impacting his company. you can always wchat or listen to us live and on the go. listen to us live and on the go. cnbc will be right back. ♪ ♪ ♪ wheneveryone is different.a, which is why xfinity mobile created a different kind of wireless network. one that saves you money by letting you design your own data - giving you more choice and control compared to other top wireless carriers. now you can choose unlimited, shared data, or mix lines of each and switch any line, anytime. no one else lets you do that. design your own data with xfinity mobile. it's wireless reimagined. simple. easy. awesome. nvidia earnings are out. josh lipton has the number >> eps of 1.89, 1.67, revenue does beat as well. 3.11 billion the street expected 2.197 billion. they do reduce the outlook by $100 million, but $3 billion plus or minus 2%, that also beats what the street was looking for. analysts were closer to -- the ceo said they had report data center revenue in the quarter. we are well positioned, he says, for the greatest technology trends we'll be on the conference call that starts at 5:00. >> stock reacting positively after hours. we'll talk to an analyst after this one, but looks like a good quarter. mike santoli, let's get your third dashboor of the day. >> not clear whether they're wants or needs similar to the stock market. we'll get to the discretionary sector continuically we view these in opposition to one another. one is more cyclical, one is more safe. they largely track -- what's interesting is this spur in the consumer discretionary largely amazon in the last couple weeks i think one of the reasons consumer discretionary might be behaving this weigh, which in aggregate are about half of the waiting in the xly it is amazon, 26% of the sector right now. home depot, mcdonald's nike, starbucks. you don't look at these companies and say they're deeply cyclical they really roll with the fortunes of every wig the in gdp. it would have been the auto stocks or even the homebuilder, and of course amazon kind of overtaking things here, so i think that probably explains why maybe the real on the xly maybe isn't as clear and this market in general is valuing the sec ullr winners and steadier companies much more highly that's reflected here. up next, nvidia shares spinupexikg nt we spiel with an analyst. apps are used everywhere... except work. why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see how much vacation time they have. or sending corporate their expense reports. i'll let you in on a little secret. they don't. by empowering employees to manage their own tasks, paycom frees you to focus on the business of business. to learn more, visit paycom.com when yowhat do you see?itical issues facing our world, we see a billion more people breathing free. ob norm, not the exception. we see homes staying cooler, without the planet getting warmer. at emerson, when issues become inspiration, focusing core strengths to create a better world isn't just a result, it's a responsibility. emerson. consider it solved. sue herera has an update >> thank you, david. here's what's happening. joe biden is set to host more than 250 wall street and big-money donors thursday at a pair of fund-raisers in new york, despite his campaign's recent struggles, it's expected to raise more than $1 million between the two gatherings. a judge grants a question for the roll-out of the jedi cloud contract that contract was awarded to microsoft in october microsoft says it is disappointed in the delay. the earth had its hottest january in recorded history last month. that's according to the national oceanic and atmospheric administration russia, scandinavia and eastern canada experienced the most dramatic warmer temperatures. and the british street artist is thought to have griffin a valentine's gift to a mural. with a splatter of red flowers appeared overnight in the the artist's usual stencil style huawei has new charges today. eamonafter has more for us. >> reporter: this is what they call a super ceding indictment when he add on charges they news additional charges, according to the department of justice today, one is conspiracy to violate rico, the organized crime act, often used in those kind of cases. also conspiracy to steal trade secrets from american companies. what they're saying here, that paw way allegedly stole from thinks firms trade secret information, copyrighted works such as sourcecode, user manuals, and technology and robot ittesting technology the department of justice also saying that huawei allegedly violated u.s. sanctioning in terms of north korea and iran, and that in fact kept a secret code internally with codes for some of those countries that were on the u.s. sanctioning list, a-2 or a-9 rather than referring to the countries, because the u.s. says they were aware of sensitivity of selling goods in those prolibbed country. we'll see if this case goes anywhere over time guys, back to you. up aftersh let's bring in matthew bryson give me your first take at quarter. >> it was a great quarter in particular he put up a number and -- they reported better gross margin they gave a relatively strong guide, ahead of both of where i was and where the street was really not much to pick at >> yeah. $100 million i guess reduction, but still higher, as josh lipton reported, due to the coronavirus. anything on the call that you're particularly interested in management answering >> yeah, i'd like to know more specifics around they're seeing in terms of the coronavirus. also, with regards to their data center business, obviously that's where the beat came in q4 i really want to see what they have to say there about that business continuing to expand, because in my mind that and gaming are the two pillars of the nvidia story and then lastly, just around melanox and the release, they said they were confidence in getting close to an acquisition. i see that as another positive so any additional color there would be nice as well. >> the data center performance was better than even expected? going in, wasn't it expected to be good after the commentary we got from intel and some of the others >> yeah certainly melanox had a strong quarter intel saw nice data center numbers having said that, you never know exactly how things will flow through their ethernet business was only up about 10% so so even though there's strength, there's certainly variable so what do you do with the stock here i think they're in a great position moving floored. gaming is a long-term growth engine on the data center side i don't really see competition for at least two years so i don't see see why fundamentals change for them i think they're well positioned for the future so oy think you continue to over the stock >> $295 price target matthew, thank you for jumping on the line. >> thank you for having me we have another alert. yell many is missing on the top and bottom lines that's two cents below estimates, revenues coming in a little light the company also announcing a buyback program, and chaiming a new chief finance officer. and christine barron was appointed to the board of directors. the company expect 020 net revenue of 12%, so the midpoint of 11 is a little less than evidence ebay is expanding the buyback program. thank you. still ahead, the ceo of cooler maker yesterdayi is today's closer plus uber is going back in time and tests a new service that ditches its app in favor of a phone call that's later on "closing bell. is changing things up. with an app that's changing the way we do money. download robinhood now. doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. 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. cooler maker yeti manufactures its product in china, among other countries shares closing a bit lower by 1.5% good to see you, matt. >> good to be here. talk more about china and how disruptive it is now. >> first and foremost, we're in close contact with our team in china, and focused on their well-being we track this daily. we're starting to see progress as workers come back to the facto factories, we brought some inventory in >> in other words, you're not going to see a delay >> what we have today is the product in our position. looking at their production planning being more directive, working with them on the supply chains, so if there is a prolonged delay in the ramp-up, we're able to mitigate and minimize the risk to us. how much is it of the business >> a significant portion come from outside of china. we moved a number of supply chain out of the china we leveraged a strong balance sheet and we'll be able to leverage that inventory. while we understand the early days and prolonged nature of the coyne vire. >> so, interests, you're benefits from tariffs that won't be put into place. are you done moving or changing your manufacturing capacity? or is that something to be reviewed >> we look at our supply chain, look at the betts play to manufacturing the product. it didn't stop, so we continue to look at our glock supply chain around to make sure it supports not only our domestic growth >> remember going public here, at the nyse, but what kind of demand do you continue to see here and across international markets as well. >> we enounced this morning an incredible 2019 we delivered 23% growth in the fourth quarter it was really broadly spread across our product portfolios. the u.s. still remains our largest market, but we like the fast-growing opportunity internationally. so we're excited about how the brand is resonating globally, and how it continue to resonate with consumers in the u.s. >> that's a 23% jump in fourth quarter sales. it looks like you're predicting that growth rate to slow down a bit this year, why >> as we go into the year, we're six quarters as a public company. one of the things we've been very profitable about doing is making sure we go out and execute against the business and deliver results as we go into 2020, we're continuing to focus of driving the growth of our drinkware, and one of the things early in the year, we want to be thoughtful about how we enter 2020. >> it must be a good consumer environment if so many people are spending $20 to $50 on comes and mugs how do you think about a slowdown in consumer spending if it comes and what would that would do to the business >> one of the things when we look at our 23% growth in q4, our products are highly giftable they're desired. they're well received by the recipient. when we think of $20 do $30 drinkware, we don't expect even in a slowdown that gifts will continue to happen, and we believe our products and brand support a premium nature and highly giftable item and they're not just for outdoorsmen. i buy them, too. matt, thank you. >> thank you >> i know you're not an outdoorsman. >> for a number of reasons more up next on coronavirus. senior officials say the u.s. does not have high confidence in the information coming out of china. lawmakers now pitching for a new bill to helpig fht the vire. we'll have a live report from washington, straight ahead. sometimes, the pressures of today's world can make it tough to take care of yourself. but nature's bounty has innovative ways to help you maintain balance and help keep you active and well-rested. because hey, tomorrow's coming up fast. nature's bounty. because you're better off healthy. the unparalleled landscape of park city, or the famed peaks of whistler, you've faced the hassle of lugging your gear through the airport. with ship skis, you're just a few clicks away from having your skis, snowboard and luggage shipped from your doorstep to your destination. with unrivaled pricing, real time tracking ship skis delivers, hassle free. ship ahead and go catch those first tracks on fresh snow. ship skis. your skis. delivered. because it's tailored to you! ...take the personal assessment and get matched with a proven weight loss plan. find out which customized plan can make losing weight easier for you! myww join for free and get three months free! ♪ ♪ ♪ inindividuv nvidia shares a. roku with a smaller loss than expected mand tell beating profit estimates, but sales coming in light. fisher-price and american doll not really offsetting the gains by barbie and hot wheels don't miss the interview tomorrow 6:00 p.m. on "mad money. >> he will have a busy nights as well senators are urging this outbreak to be addressed at a national security issue. the national security council is supposed to have someone on it that spojds to the global health emergencies, but that position has been vacant for two years. >> we've got to understand an outbreak anywhere else in the world is a threat to us. i would rather fight the outbraou outbreak there than here >> reporter: back over to you. does others agree with that? will he have support for that? >> reporter: we know hhs has already notified congress it could be tapping additional monies within the department in order to address the outbreak. in addition there were 25 democratic senators today who were urging the white house to fill this position now so we do see at least the need among senators to have some single person in charge of coordinating the response here in the u.s all senators i have talked to so far have said they have seen a good amount of communication between the administration and congress the doctor was just on the hill yesterday briefing congress. so theom are bringing up the fact they just can't trust the information coming out of china. ylan, thank you. don't mess alex azar, he will be with us tomorrow morning on "squawk box." still to come, calling an ater, now you can actually do it could stand to grow its customer base in a big way we'll discuss when "closing bell" comes right back voya. be confident to and through retirement. that's why xfinity mobile lets you design your own data. you can share 1, 3, or 10 gigs of data between lines, mix in lines of unlimited, and switch it up at any time. all with millions of secure wifi hotspots and the best lte everywhere else. it's a different kind of wireless network, designed to save you money. switch and save up to $400 a year on your wireless bill. and save even more when you say "bring my own phone" into your voice remote. that's simple, easy, awesome. click, call or visit a store today. lets send it to mike santoli for his final dashboard of the day. >> david, the trend in weekly jobless claims settling back down to the lows of the cycle just good news. look at a long-term chart of weekly jobless claim the four-week average. we look at this fairly frequently a few months ago we were wondering whether the upturn was going to be a major trend change, reversal to the upside which always preceded a recessions by a number of months it doesn't look like that right now. because today was 20 5,000 brought the four-week average lower. doesn't look like so much as bumping around the 50-year lows. we could make the argument that the jobless claims aren't as important as they used to be with more manufacturing and periodic layoffs nonetheless that's good news that's not flashing a recession signal yet. >> and there are economists out there, drew mattis, saying as long as jobless claims are low, the economy is find people aren't laid off business is confident. >> up next fire up the time machine. uber dialing it back 20 years. and could be the key to a new demographic of riders. >> plus charlie munger putting his feelings ob ebidta out on the table. >> translate as [ bleep ] earnings >> we'll discuss when "closing >> we'll discuss when "closing bell" comes right back 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. wean 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 doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. ♪ ♪ ♪ ♪ ♪ don't get mad. get e*trade, dawg. time now for the buzz on wall street. berkshire hathaway chairman charlie munger speaking out on the daily journal. giving his hot take on investment banker talking with ebidta earnings before interest, taxes. >> when investment bankers talk about ebidta which i translate as [ bleep ] earnings. >> i don't know. it's -- it's a common way to measure a lot of company's progress. >> you wanted to see if you were buying the whole company, how much debt it services what the cash usage. >> it's particularly in m and a situations >> use don't use it as your only metric of value. >> what we have talked about is adjusted ebidta which is worth watching we had a guest talking about it earlier because there is so much of that. >> like when uber says it's net adjusted ebidta positive in the fourth quarter it soo excludes stock based compensation that's a big number. >> and should it include compensation isn't that kind of a recurring event? uber by the way speaking of it is dialing things back 20 years. the ride hailing company unveiling a new service in arizona allowing people to book a ride with -- imagine this a telephone call uber will connect callers to the live operator who books the ride yeah it's like a taxi service it's intended they say for those who don't own a smartphone especially the elderly that makes sense but, okay i guess uber services areas aren't serviced by a taxi you can call. >> yeah. i wonder if that's the thing, right because if you have one taxi company and some areas, as opposed to to just having the fleet the do it yourself uber drivers can you summon by phone. >> i guess then the downside is you can't track them coming down the street and can't say where are you when it says they are there and they're not there. >> that's true amazon's jeff bezos recordedly buying a beverly hills mansion for $$165 million from david geoffen the sale price believed highest in the residential real estate transaction ever surpassing previous records of $150 million he has been on a bit of a real estate buying spree. >> well the transformation that mr. bezos has undergone the last couple years is somewhat extraordinary. >> in wealth and personal life. >> the way he chooses to elevate his personal life, his spending, everything else. i mean the guy was home with his kids, doing dishes, now out all over the world, all over the place. i get it getting old we're the same age, maybe 20 good summers left. i get it but wow. >> amazon hitting new highs. >> making much of the fact that there were no brokers involved in in deal. >> he hit it with geoffen and. >> sat down across the table. >> that's a bummer. >> somebody lost a big -- >> everything he touched. >> never misses that's right. >> so i mean we're quickly we pulled back from a record though still high levels. >> the folks at bee spoke. this is the first thursday sis thanksgiving ten thursdays in a row a quirk. friday is a day current day where the bond yields are depressed we don't know what we hear over the weekend. lets see what happens tomorrow. >> nice to be with you. >> thank you david. >> staying up past bed time. >> yes i am. >> "fast money" begins right now. yes, it does, live from the nasdaq market site, "fast money," i'm brian sullivan a big show tonight we got guy adami on. and guy adami on the desk. agoon are guy adami. tim seymour will join us shortly. he has a story why tim and guy? only because we have two special dwefts tonight including the biggest man in bonds. scott minerd running $265 billion and despite being known as a bond guy he has a view on stocks you want to hear laura cain hea