of cases symptoms have required little or no medical intervention. now just 14 cases in the united states. all right, investors are showing their concern, we don t know when this things ends, we don t know what, how impact it s going to have on the economy, we are down 150 for the opening bell, for the dow, 16 down for s&p and big 65-point drop on nasdaq, let s get to politics, democrats split, bernie versus the establishment, joe biden fades the so-called moderates panic that they don t have anyone who can beat the president in november. so the democrats fall back on investigations, impeachment and sliming the president, this time around they are going after the president because the administration intervened in the sentencing of roger stone, this could backfire, wait till you hear what the stone jury leader was up to before and during the trial. varney & company is about to begin. stuart: yeah, look at your screen, varney favorites, charles payne, dan henninger and laura tr
good thursday morning. welcome to squawk alley. i m carl quintanilla with morgan brennan and jon fortt at post 9 of the new york stock exchange a bit of a sell-off at the open, but answered a little to the upside down 100 bob pisani we bounced, drifted back down and now we re down about 100 points on the dow. this is a pretty modest response considering if number of coronavirus cases has expanded dramatically, not surprisingly the china etf weaker, industrials as well, bank stocks negative initially, now positive still a pretty modest response to the news. coronavirus, a lot of different stories. alibaba said it s possible we could have a significant impact on china s economy potentially affect the global economy. ralph lauren talked about store closures, two-thirds of stores are closed nestle says operations have resumed but with a lower amount of operations overall. nu skin talked about significant decline, 20% to 25% decline, down 15% some ups and downs here. retailers
pillar goldman sachs seeing double digit upside from here we will debate in our call of the day. plus eight under the radar stocks to own in this market the investment committee is ready to go. halftime report starts right now. welcome back it is good to have you with us on this very busy thursday, and your investment committee today, jim lebenthal, stevenwise, carey firestone, and michael fehr. we have got a big show eight stock picks coming up later of don t say we never gave you nothing weiss. front and center this hour, coronavirus fears, they are back in the markets a bit now the markets are down although well off their lows let s not be myopic. the dow and s&p and nasdaq all coming off its highest close the nasdaq is up 10% this year, it is mid february jim, will this market sort of keep brushing off uncertainty and focus on the fed and continue to move higher. the evidence is that the answer to your question is yes it will keep brushing this off we are this the
Fullyear guidance and blames restructuring costs. And Fiat Chrysler shares rally as the Company Promises company bonuses on the back of u. S. Tax reform and unveils a billion dollar investment in michigan now, on to one of our top stories, german lawmakers reached a break through in negotiations to form a Coalition Government according to reports. This allows them to move on to formal Coalition Talks a coalition paper says the cdu and spd want to strengthen the eurozone by partnering with france it says germany is prepared to boost contribution to the eu budget and germanys domestic budget will be balanced without new debt weve seen quite the reaction in euro dollar. We had a bounce in the currency pair following on from the hawkish ecb minutes. You can see again euro dollar is having a strong day today, up 0. 7 in trading. Breaking through the 1. 21 mark for the first time in a couple of years now, lets get out to annette in frankfurt. What can you tell us about the socalled break thr
That news. Also breaking, celgene agreed to junono therapeutics therapeutics for 9 billion. Juno up 27 on that news. David it is merger monday. Brief. W for your morning 11 30, the u. S. Treasury will auction threemonth and sixmonth bills. Is scheduled to vote on a temporary bill to end the shutdown. For clark, netflix releases fourthquarter earnings. Right now, lets get headlines outside the Business World with first word news. The u. S. Government shutdown now in its third day. Congress failed to negotiate an end to the stalemate. A Bipartisan Group of senators is looking at a plan to fund the government through february 8 and take up a bill to keep daca immigrants from being deported. Many federal agencies will carry out closing plans. President trump and theresa may will meet in davos this week according to a spokesperson for may. The president said he canceled a planned visit to london for the opening of the new u. S. Embassy. Signalingussia are there are lines may be lengthy. Pro