S p indicated down about 4. 5 looks like the 10year is yielding below 1. 6 . 1. 549 well talk about what china did. Loan rates there dropping as the company tries to take on the impact of the coronavirus. Lets get an update now on the coronavirus. The people on the ship, a couple of people did die from the coronavirus. China as we heard cutting its benchmark lending rate that was expected. Authorities looking to boost the market unfortunately, two passengers from the diamond princess cruise have died. The first reported deaths in connection with the ship which was quarantined off the coast of japan nearly two weeks china is again, changing the criteria of confirmed cases adding confusion to tracking going up or down and whether weve seen a peak or close to a peak l brands reportedly selling shares of victorias sek receipt valuing that brand just over 1 billion. This had been expected that theyd pay for it. L brands chairman and ceo will step down as part of the deal but remain on the board. It is a huge shift in a retail landscape you covered forever. Didnt you cover l brands. It was still limited, victorias secret and bath and body works he doubled down at a time when mall space was declining. Buying a bra at a 60 price point, tough to up that. As the w0rorld has completel moved away in the meantime, there are things that happen that render certain businesses obsolete. Shift in culture no denying, it is a different world. A shakeup at ubs. Stepping down effective november 1. His departure has been expected more than a year the company a pointsippointing s ralph hamers you can take a look at shares of ubs and how they are reacting as we speak a little bit of green there. Democratic president ial candidates facing off. This was the first debate performance for Michael Bloomberg. The other candidates came out swinging id like to talk about who we are running against. A billionaire who calls women fat broads and forcefaced lesbians no, im not talking donald trump. Im talking mayor bloomberg. His first chance to face criticism on the world stage here is an exchange when Elizabeth Warren pressed for a release of nondisclosure agreements of harassment in the work place i hope you heard his defense. Ive been nice to some women that just doesnt cut it the mayor has to stand on his record what we need to know is exactly what is lushirking out there. He has gotten some number of women, dozens, who knows to sign nondisclosure agreements for Sexual Harassment and sexual discrimination are you willing to release those women so we can hear their side of the story [ applause ] we have a very few nondisclosure agreements how many is that . Let me finish none of them accused me of nothing more than they didnt like a joke i told there has been agreements between two parties who want to keep it quiet. It is up to them he drew negative reaction from the audience on comments for releasing tax returns. Mayor bloomberg, your Campaign Said you would eventually release tax returns people are already voting now. Why should democratic voters have to wait it just takes us a long time. Fortunately or unfortunately, i make a lot of money, we do business around the world. We are preparing it. The number of pages are in the thousands. I cant go to turbo tax. I put out my tax return every year for 12 years in city hall well put out this one it tells everybody everything they need to know about every investment i make and many the money goes the biggest item is all the money i give away. We list that every donation i make, you can get that from our foundation any time you want. Bloombergs response as to whether he supported the proposal that requires all Large Companies to turnover 20 of their ownership to employees over time. Absolutely not. I cant think of ways to make it easier to get donald trump elected than listening to this conversation it is ridiculous with err not going to throw out capitalism it was called communeism it doesnt work. I actually agreed with that that was the with unthat really resonated with me. Okay honest answer on that part ari tweeting that he couldnt fathom that nobody in the party when asked about capitalism, i believe Amy Klobuchar said she believed in capitalism that had everyone gone mad. Bernie sanders calls himself a socialist, whether it is a democratic socialist a little bit of a circular firing squad feel for me with bloomberg in the middle. A gun fight in a life boat. Im coming to realize is that bernie is at the center of the stage, hes got grassroots support. If he just keeps winning and winning, what do you do . There is a difference between the democratic establishment and millions of democrats voting for him. You cant just say, no, we dont like the way this looks or the prospects. Some people think he might have won four years ago ive always been a bernie bro. You are a beernie bro now who else to pick. Is that the six . I want bernie because you think that makes it better for dont ascribe any kind of weird motives. But seriously, thats the six . You got anybody else is Howard Schultz is he done bloombergs campaign acknowledged the difficulty. That answer at the end was fairly strong. His Campaign Said hes just warming up tweet of the night, by the way. Writing that bloombergs performance. The gap between influrns Marketing Campaign and putting an call product in front of viewers. That was perfect in his own line, if you had 60 billion, you really do start thinking you are just midas. You are the man or the woman when the rubber meets the road, you have to debate and be fast and strong i started feeling sorry for him. He did have everybody come after him. He did. I started feeling sorry there is an old adage, never feel sorry for someone who has a gull stream jet. I felt sorry for him. I did. As you know. Maybe hes not a great debater he isnt clearly. If you look at what he did in the city in the public and the private. We are different in what we think is competent a nannie state, i dont think is competent. I think it was wellrun under him. It was well run under giuliani now americas mayor i didnt like him during the milken years but now you do like him. Great american. Got the countrys best interest. Look, lets leave it at. Im a bernie bro ill stick with that hes in the center hes at 58 . It was said, b he thinks Bernie Sanders is a bigger threat to the virus than the coronavirus. The market and the numbers go up the stronger he gets im not saying what i really think. Put the markets aside bernie cant win, i dont think. If bernie wins, i think every seal in america. If monkeys fly out of my rear end, im going to have to leave the set. People thought the same thing of trump even two months before he won. People were talking about monkeys flying out you dont really think thats the same thing give me your honest opinion, if you had to bet all of your money, what is his chance of winning . 25 . Winning in the general . A third no more than a third i dont think it is a third i dont think it is overwhelming at all. Unbelievable. It looked like a triple x slope. Is it a die black diamond. Triple x. I dont know what im thinking nothing. Im trying to think of the extreme slope on a mountain. Actually headed back to the slopes it is been a while do you think my knees can only hope im hoping. Now you are giving me ideas you went. How was yogreat. Then the debate put ad party . You had a ball you were the bell of the ball. More doughnuts or what . Cake. Cake from milk you missed his birthday i got him early. It was 6 11. 19. Coming up, stocks to watch. Well dig through some of todays biggest movers after Earnings Report. Seriously, thats it those are the six . Thats what i got. Are you sure i thought you were a bernie bro now. If you have questions for warren buffett. Why not just go for aoc . I could think about that tweet them to us with the hashtag askwarren are you going out . Awesome. 6 00 to 9 00 tweet us [sfx doorbell] hello, i saw you move in, and i wanted to welcome you to the neighborhood with some homemade biscuits oh, thats so nice and a little tip, geico could help you save on Homeowners Insurance. Hmm cookies uhh, biscuits. Mmmm, is there a little nutmeg in there . Oh its my mums secret recipe. You can tell me. Its a secret. Is it cinnamon . Its my mums secret recipe. Call geico and see how easy saving on homeowners and condo insurance can be. Ill come back for the plate. Saving on homeowners and condo insurance can be. Which of your devices are protected by daily security updates . Daily security updates. Daily . I dont know. The only thing. Im struggling with this. Some providers you have to manually download updates to each device. Comcast business securityedge updates every 10 minutes to help keep your connected devices protected against new ransomware, malware and phishing threats. Every 10 minutes feels pretty good. Get secure, reliable internet and voice for an amazing price. Call today. Comcast business. Beyond fast. Welcome back some stocks to watch this morning. Bringing in our cnbc contributor. Well look at some stocks. Starting with amd getting a downgrade from wells fargo saying shares are approaching levels that present a more balanced risk reward show us what is going on here. Thank you if we look at the longterm chart, things are similar to intel. This is a sixmonth chart here the stock broke out over the last few months. This downgrade will knock the stock down a couple of points. I really think from this knockdown on the price, it gives a Good Opportunity especially if you believe in the longer term picture space with bitcoin and other targets. This is a good target for amd. Not so much room to move here correct lets talk about shares of boston beer. This is interesting similar to amd this was actually a beat on revenue but a miss on earnings this got knocked down to the 380 level. This Earnings Announcement puts us back to the 380 level i really like the stock to record revenues. This is a Good Opportunity for us to get long the line in the sand here is around 350 you said 400 to go long so you are going to wait for this to get back to 400 . I actually think now is the time to get long you think it is going to break over 400 correct i think it will get back to the 450 level. The line in the sign is the 350 we got the reversal back in thi range. The beer segment is fairly competitive. Sam is diversified into hard seltzer. They are pretty well grafted into that market looking at imax. All theaters in china remain closed that is a shortterm challenge theyll surpass. Watch that stock forget the coronavirus. This chart tells a different story. It is a disaster at this 18 level, it has been a strong level cracked before this coronavirus thing. We had a bit of a bounce on earnings yesterday i think this is headed lower considering this stock has had zero revenue growth. So you are shorting the stock . Correct thank you when we return, elon musk showing some love for his own Company Buying millions of shares of tesla. He did it on valentines day. Well bring you the details of mr. Musk after the break we cant calculate our total taxes . Do you realize how many otal different taxes we pay . Sales tax, different pos systems in all seven countries. And online sales . Thats a whole other system. And different regulations. Therererealal eate e crits,s,. And we have no way to integrate all that . No. But bdo does. Peopopleho k kno knonow o. Dont get mad. Get e trade, dawg. But were also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. From the day youre born we never stop taking care of you. Watching shares of tesla elon musk bought more than 13,000 shares of the company. Saying the tesla ceo acquired those at an average of 760 each upping his stake to 18. 5 . Zillow reporting smaller than expected Fourth Quarter loss the Company Generated nearly 1. 4 billion from its home flipping business last year. When we come back, well show you what boeing ceo said yesterday after taking a test flight on a 737 max plane. More debate fire works well dig into bloombergs debut and issues that matter for your money. Lets look at yesterdays s p 500 winners and losers through the at t network, edgetoedge 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. Thats the power of edgetoedge intelligence. Before we talk about taxsaudreys expecting. New . Twins wed be closer to the twins. Change in plans. At fidelity, a change in plans is always part of the plan. Good morning welcome back to squawk box. We are live from times square. Watching equity futures, youll see a slight pull back after yesterdays gains. S p and nasdaq setting new highs yesterday. Dow was up about 115 yesterday you see this morning, indicated down by about 40 points. S p futures down by about four points and the nasdaq down about eight points the boeing ceo speaking out about the safety of the 737 max discussing new problems about debris being found in fuel tanks. Confidence of getting that plane fixed. Very high as high as it can be this airplane is going to be incredibly safe. It is incredibly safe. I believe the pilots will love it and eventually the flying public will regain their confidence as well coming after calhoun took a test flight himself on the max. Here is what he said. Flew it today you routine test flight. Testing envelop and typical maneuvers a pilot would encounter in a flight envelop. It went beautifully. I couldnt have been happier i always love talking to the pilots they love this plane one thing i dont understand, 737s are flying around the country as we speak ever day being moved around the country without passengers all approved by the faa. Gentleman people on board. Pilots. People have this idea that they are grounded and they are in terms of passenger traffic. I would say, virtually ever day, there is a 737 max in the air and pilots are doing it willingly. Did the implications of this story so ge is sucking up to airbus they dont wear whether it is here or europe where they sell their engines. It is business, sonny. Dont look at me. Just saying calhoun but be saying, any of my friends, if there is any left. And they should but kind of ironic if calhoun gets it going again and ge is getting in bed with airbus in a bigger way. Im surprised it didnt happen earlier theyll do what they have to do burning through that because of the grounding of the max they got to do what theyve got to do. Any other things to chat about not really. What did do you yesterday family we were in cincinnati your home town what . Why . Were you doing a chili thing no. We went to ohio state. Spent time in town you with enter to a basketball game . Yeah. At ohio state. They beat purdue you have relatives in cincinnati yes long story right by dayton. It is great in the top 10. The kids had a lot of fun they did good salt of the earth country. Saw a lot of signs. They were flags. You better wear a mustache trench coat. Ohio didnt vote for romney. No, no i would never. More highlights. Did you have any chili . No. But i had greaters ice cream. More highlights from a firy night. This is unbelievable in vegas we shouldnt have to choose between one candidate who wants to burn this party down and another who wants to buy this party out. We can do better the biggest take aways from the debate and grading Mike Bloombergs night on the curve, i dont know you can watch or listen to us live on the go on the cnbc app well be right back. H medicines getting to patients in record time. At emerson, when issues become inspiration, creating a better world isnt just a result, its a responsibility. Emerson. Consider it solved. Stay two nights and get a free night for your next stay. One night, two nights, free night. Book now at bestwestern. Com. Welcome back the democratic president ial hopefuls did not hold back Mike Bloomberg taking the debate stage for the first time days before the caucus. Kayla joins us from sin city what sins were done last night reporter depends on if you consider watching two hours of the debate and a little sleep a sin. It was riviting more like watching pay per view. Elizabeth warren zeroed in on him early and often with this line, 60 seconds in that drew audible gasps and applauds from the audience id like to talk about who we are running against, a billionaire who calls women fat broads and forcefaced lesbians. No im not talking about President Trump. Im talking about mayor bloomberg. After that, warrens Campaign Said it had the best hour the fundraising. Vowing hell do better on stage next week in South Carolina. Then there was a fight in the moderate lane. Pete buttigieg and Amy Klobuchar at each others throats over her voting record. She seemed to take it personally you are staking your candidacy on your washington experience you are on the committee that overseesborder security, trade you are literally part of the committee overseeing these things and we are not able to speak literally to the first thing of the politics. Are you trying to say that im dumb or are you mocking me here, pete Bernie Sanders emerged relatively unscathed he discussed his three houses, socialist label. He wore all of those things proudly. Well see this saturday whether nevada voters agree. Thank you for that report well continue the conversation now. Joining us now, president of institute of strategy and policy and foundation of institute of Economic Freedom not knowing how you feel about everything you may take issue with what im saying i feel like it presents like a catch 22 for democrats i just think bernie is the bone a ti leader in this race. Everybody was taking shots at bloomberg and missing the elephant in the room and bernie was unscathed. There are a lot of grassroots americans that will come out he might be the nominee. Is that okay with you . I think every single candidate there has adopted more progressive data points showing you that the data is really on the side of those like sanders and Elizabeth Warren but that their message is resonating with the aver