Coming up, in a few moments, Global Investor mark mobius will join us. Chinese equities see a big week of gains they slipped a bit this morning. Shares of carnival jumping after they gave an update on the state of its business. Well speak with the Ceo Arnold Donald in a cnbc exclusive and Major League Season starting the season in florida. Well speak with the leagues commissioner about the risks and reward of taking to the field. We look forward to all that. Sara, up 0. 7 on the s p 500 lets start right there with the markets. The we have seen a big swing intraday futures starting off in the red. Hopeful signals then coming from gilead about the coronavirus treatment. Helping turn things around early. The company saying it was associated with an improvement in clinical recovery and 62 reduction in the risk of mortality compared with the standard care. Lets get to mike santoli tracking the moves in the names and sectors today. Yeah. Sturdy Performance Today solid week you would have tho
Spender. We breakdown numbers from facebook. And tictoc with digital ad dollars producing eyepopping numbers. We will do deeper. But first, the spread of the coronavirus rattled Global Financial markets, bringing them to their lowest level since the financial crisis more than a decade ago. Reporter thats right. Stocks with the worst week since 2008. It started as we saw the coronavirus fears really take over. As we see more investors repatriate their money pulling out of the u. S. Haven assets, of big difference at the close, with the nasdaq turning positive. Tag as a lastminute tech bid for the nasdaq, if you can believe it. Bank stocks have been driving the market, as we see. A big hitter i want to Pay Attention to is apple, apple up us the ceo coming out and saying the coronavirus should not make a huge difference in terms of moving supply chain, but still reading concerned about revenue guidance. This. A divergence from we have seen this as the supply chain really gets hit in south
You must be 68 because im 66 thats tom cruise talking ive been told we have to interrupt this briefly to get to walmart numbers which have just crossed. Walmart is out with Fourth Quarter and full year earnings 1. 38 adjusted versus estimate of 1. 43 141. 67 billion. Analysts expecting 142. 488 billion. The majority of stores in chile have been disrupted and some totally destroyed. Theyll be holding an investor day discussing this more in depth. Shares are down 2 in early going. In u. S. Comparable growth streak does continue 1. 9 also below analyst expectation of 2. 3 for the quarter. U. S. E commerce net sales grew 35 . Coming year expectations to grow at least 30 speaking with the cfo, quote, the quarter started off and ended strong despite softness in some categories like media and gaming on the coronavirus, they are monstering the situation and focused on the safety and wellbeing of customers and associates he says sales are still okay the fear is mixed towards food walmart is not
School, kia wood. And we were informed that she was arrested for felony sex crimes and we were told that there was an improper relationship with students in 1990s at the high school. Kyleann wood is a teacher. We reached out to parents there but no one got back to us. When we were on campus with, he did hear students chanting free miss wood. Wood was arrested at her home wednesday night. She is being held in lieu of 150,000 bail. Residents across the street told us they were shocked that she is an extremely helpful and good neighbor. Court documents state that complaint was filed october of 2019. Our priority is absolutely student safety. What we hear of Something Like this, it really shakes us to the core. And so we are, you know, reaching out and if anyone knows anything, we want them to come forward. The teacher is on administrative leave pending Police Investigation and our own internal investigation which has commenced. Reporter and as bhengsed early eshgs it is worth noting that
It is reasonable to expect the fed to kind of be on hold. The front end of the curve is selling up more than the back. The front end is really attractive. The market is saying the fed pause is warranted. It is probably going to remain on pause for a good portion of next year. Jonathan joining me around the table in new york, gershon distenfeld, priya misra, and krishna memani. Priya, lets begin with you. What a payrolls report. Your thoughts . Priya a good report, no way to look around it. When we take out the gm numbers, still a solid number. But i have to highlight caution a little bit. The labor market is a lagging indicator. Is Global Growth for sure bottoming . There are some signs that it may be. Is it about to surge ahead . I am skeptical. We are not getting stimulus out of china, europe. In our view, Global Growth probably muddles around. The trade uncertainty, we are so hung up on this trade deal. I dont know even if we get the phase one deal, which is not guaranteed, the fact