this could be a different reporting. ner looking at doctors looking at x rays. >> we talked about it. is it an accurate number we are getting? when healthy people get it and you can't the coronavirus from necessarily the flu or a cold. you don't know this doesn't give me -- or feel real good, the w.h.o. was apiecing chiapiec appeasing china. they said don't worry about it looking at the treasury market 10-year was back a little pressure there to yield back below 1.581%. pepsico is just out with quarterly earnings came in at $1.45 i share revenue better than the street expected $20.6 billion. grew by 4.3% better than anticipated. the company said it sees 7% earnings growth this year. if you are looking at numbers, if you go from 5.53. the street was looking for 5.95. they say the number they are expecting is 5.88 which is going to be looking for about 1 percentage point decline from forth exchange based on current rates. organic revenue they are expecting for 2020 at 4% below 2019 but still strong organic growth >> coronavirus, the number of confirmed cases jump overnight partly because the wuhan province is using a method that can identify the virus faster, which, the faster you do it, i want the info. although it wasn't good news eunice yoon joins us with more >> that's right. the province that is the epicenter is changing the way it confirms its cases it has two groups. one called con firnled with a test kit and other people are a group clinically diagnosed they are confirmed using a ct scan because of that new change, we are seeing a jump in the numbers. where there still are numbers where they are seeing changes in order to obscure the figure. one of the reasons that is out there, people who are a sem tom magnetic, don't show symptoms are not included in these numbers. these numbers are going up they are putting down further restrictions >> for many in beijing, this is becoming a common sight. the infection stations are popping up the stations are meant to sanitize people's closing and shoes. they spray inside every two to three managers they are working on ways to disfekt cars too carwashes now disinfect your car for free but don't expect anyone to clean the inside of your car. the staff here are as nervous as anyone else, which is why they sanitize your car before you get in they put up slogans to encourage the public >> security at my apartment building are wearing hazmat suits, i have to have my temperature taken, show my government i.d. and apartment key just to get into my own home >> what would happen if they found you had a temperature trying to get into your apartment building >> it varies but for a lot of places you do have to go to the hospital there have been some situations where people had a temperature and the authorities there wanted to make sure you get to the hospital people run off and then are collected and taken to the hospital there is a lot of inconsistencies. >> it is nowcovid-19 the way that it came about, is there skutle butt there in the way it is growing. sars has gotten out a few times? is there skutlebutt or what is the current thinking on this strain that got out? >> i think the vast majority believe this originated from the wet market if you go to a wet market in china, i presume the one in wuhan is the same. you have a lot of animals in close contact with people. it is not the cleanest environment. there are plenty of theories there that perhaps because wuhan has a lab there. a p4 lab there. there is a biomedical expert there checking out the testing kits there is a theory it could have been part of a bio weapons program. that's a theory. i heard a counter theory that americans created this because they want to make money off of the chinese by creating a problem here and creating a solution in the form of vaccine. >> they fired the one individual and they did install the major general in the military and chief bio weapons expert >> yes >> they don't want us to think that they are doing things that just feeds. >> she has a lot of experience with sars. she's known as smon who has the experience in 2002 it doesn't mean anything we'll probably never gottfried get to the bottom of it. >> okay. i hope everything works out fine and it is gone in a few months this has all the makings of a movie or a novel there are worries something would get out of the lab i was in a p3 lab in college a p4 would not be around on a normal university campus separately, organizers have canceled the event the world's largest trade phone. tech companies pulled out amid the fears. >> we've been watching them pull out. >> don fork goes every year. a lot of the ceos. samsung was planning to do a lot with that new flip phone >> if you want to learn more about the disruptions. tune in tonight,out break coronavirus. we have corporate news or scandal category i don't know we'll see. barclay is saying its ceo jeff stayly is being investigated over links to jeffery epstein. >> saying he developed a relationship with him in early years. he concluded that he had been transparent about his relationship the report in 2019 market was in line with expectations the stock is off by 2.5% my understanding is that the relationship was during his time at jp morgan you also know mary erdos had a relationship he was a member of their private wealth bank. jeff stayly at one point went down to visit him after he had been convicted >> went down >> down to florida >> not the island? >> i have to look back >> you did speak to someone what we are talking about with a relationship >> right this was a business relationship or a friendship. there was a period after he had been convicted where he was being released >> there was a time where he took his yacht to visit epstein's island >> so there was the island he had been going and visiting him. so the regulators are looking into this. british regulators and u.s. regulators are looking into a lot of things. some corporate news. little scandal i don't know where that will land >> health of an island i don't know where that is nice part of the world very nice. >> you've seen it from a different island from afar. i'm going to add to that from st. thomas, you take a sciff out to a pizza place called pizza pi. he didn't like this pizza boat being there because you could see his island and what was going on there, i guess. the word was he didn't want any eyes around but it is beautiful. >> that's the story. you should know that glen dubin introduced stayly. there was the transaction between dubin and jp morgan. time for the squawk planner apriling happening at 8:30 a.m. eastern time on the earnings front, we've heard from pepsico, we'll get reports from roku. matel, nvidia, expedia all after the closing bell we'll talk about fears jolting and looking at how the dow will open up about 224 points a watch including boeing, next >> announcer: today's big number, $6.3 billion that's how much market cap micron gained so far this year shares of the chip maker have jumped in 2020 hitting an all-time high yesterday. at fidelity, you'll work with an advisor on a flexible wealth plan. and with new brokerage accounts, your cash is automatically invested at a rate that's at least 20 times more than other advisory firms. personalized advice. unmatched value. at fidelity, you can have both. unmatched value. when it comes to your business internet, which is more important? ♪ ♪ okay, i wish i didn't have to choose. like the more i think about it, the more i want to jump to each room. what if i said you can have it all? ♪ ♪ comcast business gives you connectivity that goes beyond. that's what we want! that's speed, reliability, and security, all from one provider. touchdown! get started with internet and voice for an amazing price. call today. comcast business. beyond fast. welcome back the dow, s&p and nasdaq coming off record closes. let's talk about the dow's march to 30,000. climbed for the first time more than two years ago we'll talk to john roke. managing director. >> thank you >> it has continued straight up with minor pull backs. >> it went side ways from here and here the break out here accounts for about 30,100 this is the only index that has not gotten peek. s&p has and above it this one still on the march. we think it is reasonable to hold there >> what are the hold ups >> boeing is a holdup. when we look at the dow. >> you mentioned boeing. i'm going out of order but you've got what we could call the boeing chart there is reason the dow has not made progress like other indices. the peek is here and tracing out the distribute tiff top. we think it is better to reduce holdings it is taking to the top. we like the open lower >> you can see the downward slowing. the momentum indicator has peeked and rolled. weigh think this is a better sale than buy. >> you mentioned you liked ibm above a down trend line in 2019. above it here. you are getting the exact opposite for what we have for boeing it is starting to turn up. we have this downward sloping trend line we have a chance to consolidate a little bit >> when you are talking about the daily swings this morning, the dow is down about 230 points >> i think it is daily churn down opens don't concern me. if we saw a down close sharply three or four days in a row, that would be much more of a concern. that happened even before trading. this is pressure free. it usually bottoms around 10:30 or 10:45 >> thank you so much it is good to see you. >> when we come back, shcharlie munger not holding back. >> of course, that's part of the reason some of the companies i've been affiliated with have been successful. not that we are so smart, we've stayed sane. a lot of what goes on is absolutely nuts. some call it one thing, i translate as [ bleep ] earnings. >> find out what else as "squawk box" comes right back. ♪ woman: what gives me confidence about investment decisions? rigorous fundamental research. with portfolio managers focused on the long 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the day you're born we never stop taking care of you. welcome back berkshire hathaway's charlie munger spoke the 96-year-old has seen a lot and says he is watching inflation closely and the actions of central banks >> through the inflation you know the economists of the world thought they knew a lot more than they did what has happened is weird in response to the great recession, all the nations in the world are printing money like crazy and have bought all kinds of investment assets they've done things that nobody in the economics profession would have under the scale, even five or so years ago yet the inflation has been very low. we have a lot to be modest about when we talk about economics >> munger expressed concern about the potential for new bubbles. he says there is a lot of trouble coming because of wretched excess. >> at the height of the craziness created at the morgan bank he had a home sewing company, selling at 50 times earnings home sewing, great god we are not that crazy yet. a lot of what's happened is not crazy. a lot of these companies are valuable some are sure to fail. i don't think our leading tech companies are sure to fail i think it is not nearly, the current situation is not nearly as crazy 50/50 is absolute dementia >> he said what he's seeing concerns him but not as much as back in the nifty enougfifty das >> talking about the crazy ride tesla has been on. he charlie munger is the one who founded byd investment in china which is a direct competitor to tesla. coming up, today's biggest individual movers. we'll show you what kind of home $165 million will buy you in los angeles. i don't know how you get nine acres in beverly hills and how much that would set you back each month with a 30-year fixed mortgage we head to break looking at yesterday's biggest 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 using feedback to innovate... to introducing products faster... to managing website inventory... and network bandwidth. giving you a nice big edge over your competition. that's the power of edge-to-edge intelligence. ♪ ♪ don't just plan to retire. plan to live. an annuity helps cover your essential monthly expenses, so you're free to live the life you want. find out how an annuity can give you lifetime income at protectedincome.org good morning u.s. equity futures this hour are down i don't know if i'd say down but not out. down 227 i don't even think that matches the gains we saw yesterday when it is red like that and when there are coronavirus fears, we take note. nasdaq down 90, s&p indicated down 25 and change cisco shares under pressure. reporting earnings of 77 cents a share. a penny better revenue was also above but did fall 4% from last year it was above expectations. it was lower cisco expects revenue to fall by as much as 3.5% this quarter customers are taking longer than normal to discuss earnings noted that guidance has not taken into account >> early warning saying it was dropped. they didn't miss revenue expectations by much i think more is about trying to figure out what was happening with customers mgm resorts say jim murren is stepping down being looing at this chart from yesterday, an initial spike in shares of his company. then you see the shares drop when they said they were pulling outlook for 2020 because it will be difficult to gauge concerning the coronavirus given las vegas and macao. >> he's going to work for hillary. >> this is like real estate porn, is that what we can call it >> and we are voyers >> jeff bezos shelling out $165 million for his new home he's buying the warner estate from david geffen. no agents were involved. for context, if he fiensed -- financed this for 30 years, the mortgage would be $700,000 i think the bigger story is david geffen everything he touches turns to gold he's done it in art and real estate >> in the old days when we have that great laugh track of jeff bezos, what i would do right now is still say, hey jeff, you do realize your monthly nut will be $750,000 and then have him laughing it is like jeff, that's a lot of money, isn't it? >> pocket lint >> literally >> when he sold shares, he would say i'm funding blue origin. now i think he's selling shares and buying property. >> what if we take me doing the laugh. run me doing it. wouldn't that be good. i'd say, jeff, are you sure you can afford $750,000 a month? >> coming up, former mayor bloomberg making a push. later, president trump's fed nominee judy shelton heads to the hill today what the nomination could mean for the president and the economy. 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