“We have been conditioned as investors for the last 10 years to buy the dip continuously,” Schlossberg said on CNBC’s “Trading Nation.” “If this is the year that breaks that behavior, that’s going to be very, very nasty for most investors,” he warned. “So, to me, that’s going to be the much more interesting trade all the way through the year. That outperformance is going to stop this year, and that’s going to be the trade to make.” Johnson agreed that the dollar could “be a major headwind” if it

Pending home sales in January rose 5.2%, the National Association of Realtors said Thursday, crushing analysts’ expectations of a 2% monthly gain. “This month’s solid activity — the second-highest monthly figure in over two years — is due to the good economic backdrop and exceptionally low mortgage rates,” said Lawrence Yun, NAR’s chief economist. Pending sales measure signed contracts, not closings, so they are an indicator of future closings two to three months out. Very low mortgage rates sho

While travel-related stocks are taking very large hits, the entire global stock market has been taken down in recent weeks. International investors believe coronavirus is truly a global phenomenon: Stock markets around the world are all down 10% to 12% from their recent highs. “You don’t usually fall this fast from an all-time high,” he said. “They usually don’t throw in the towel until they see a failed rally, but this is a true black-swan event. Markets don’t like uncertainty, but this is the

The rapid spread of the new coronavirus is testing airlines and other travel companies with a risk that had been nearly unthinkable over the past decade: a broad decline in travel demand. Air-travel demand had been growing at twice the pace of the global economy, but that bright spot is now at risk. The Centers for Disease Control and Prevention on Wednesday advised the public to avoid all nonessential travel to South Korea. Delta slashed its service to South Korea, home to the largest outbreak

U.S. billionaire Charles Simonyi speaks at a press conference outside Moscow in Star City on April 10, 2009. Charles Simonyi is a 71-year-old billionaire who has been to space twice. And I think I’m working on something where I can contribute a lot, where I have a lot of experience, and I will continue it.” He said he’s been building an application called Microsoft Whiteboard, a digital version of a whiteboard where several people can draw and write. Is it important that we all do the most impor

Facebook Chief Operating Officer Sheryl Sandberg speaks during an event on the sidelines of the World Economic Forum in Davos, Switzerland January 23, 2019. I think I’m a very fair boss. But I’m demanding,” Sandberg said in an interview with “Byers Market,” the new NBC News podcast that made its debut Thursday. “We don’t spend that much time worrying about our public image,” she added. Sandberg defended Facebook’s decision not to fact-check political advertising and talked about its efforts to c

PayPal on Thursday said the coronavirus outbreak could have a negative impact on its revenue expectations, and warned that revenue for the first quarter of this year would be toward the lower end of the guidance it gave when it reported earnings in January. The company said it now expects Q1 revenue to hit the lower end of its range of $4.78 billion to $4.84 billion. PayPal left its first quarter GAAP and non-GAAP EPS guidance the same. U.S. stocks have been plunging this week on renewed fears t

Food delivery service DoorDash announced Thursday it has taken a first step toward a public offering. DoorDash said it has confidentially submitted a draft S-1 filing to the Securities and Exchange Commission (SEC). DoorDash has tapped Goldman Sachs as an underwriter for its IPO, according to a source familiar with the matter. The company became the leader in digital food delivery in 2019, capturing a third of all food delivery sales in the U.S., according to data from analytics firm Second Meas

(This story is for CNBC Pro subscribers only.) The coronavirus-driven narrative that people are less willing to leave their homes is playing out nicely in the stock market this week. Stay-at-home stocks are outperforming the broader market and companies that promote travel due to the threat of the spreading deadly virus.

“Current forecasts of crude oil demand have fallen off a cliff. “The demand outlook for the crude oil and refined products keeps taking hit after hit,” Again Capital’s John Kilduff said. “The entirety of the key Asian oil consumption region is reeling from the coronavirus outbreak, and oil prices are suffering the most of all asset classes,” he said. “In addition, manufacturing activity, industrial activity, transportation – all drivers of oil demand will return once the coronavirus runs its cou

Trader Michael Urkonis works on the floor of the New York Stock Exchange, January 28, 2020. (This story is for CNBC Pro subscribers only.) Goldman Sachs just put out a shocking call, predicting zero earnings growth for the S&P 500 companies this year due to the coronavirus. The bank is advising its clients to buy domestically-oriented companies and avoid those with big foreign sales. Here are the stocks they recommend.

American Airlines pilots: We’re very concerned about coronavirusDennis Tajer, American Airlines pilot and communications committee chairman of the Allied Pilots Association, joins CNBC’s “Squawk Box” to discuss how the U.S. airlines are reacting to the coronavirus outbreak.

Two experts debate the pros and cons of ESGESG has become a buzzword on Wall Street as companies face pressure from investors to be more transparent. Christian McCormick, Allianz Global Investors senior ESG strategist, and Hal Lambert, founder and CEO of Point Bridge Capital, join “Squawk Box” to discuss.

What you need to know about travel insurance as coronavirus spreadsResearchers at the travel insurance comparison site InsureMyTrip reported a 60% jump in policies sold since the first travel-related case of coronavirus was detected in the U.S. in January 2020. You may not necessarily need trip cancellation insurance if you know all of your options. Watch this video to learn about travel insurance and to see how your trip may already be covered.

Apple staff and customers, wearing facemasks to protect against the COVID-19 coronavirus, are seen on the shop premises in Beijing on February 22, 2020. Earnings growth for U.S. companies will be stagnant in 2020 as a result of the coronavirus, according to Goldman Sachs. The Wall Street firm revised its earnings estimate for the year to $165 per share from $174 per share, representing 0% growth in 2020. “US companies will generate no earnings growth in 2020,” Goldman’s chief U.S. equity strateg

People wearing protective face masks, following an outbreak of the coronavirus, are seen in front of the Giant Olympic rings at the waterfront area at Odaiba Marine Park in Tokyo, Japan, February 27, 2020. The World Health Organization said Thursday that it is advising the organizers of the Tokyo Olympics and that no decision has been made to cancel the major sporting event in the midst of the coronavirus outbreak. He said that WHO was working “extremely closely” with event organizers and is pro

WPP’s stock has fallen sharply as the company forecast flat organic revenue and headline operating profit for 2020. The company, which is the world’s largest ad agency group, reported a 1.9% drop in organic sales less pass-through costs for its final quarter on Thursday. The stock was trading at 777.40 points during early deals Thursday, its lowest level since 2012. Like other ad agency groups, WPP is grappling with new types of competitor such as consultancies and tech companies. Large companie

“Chinese law requires games to secure an approval number from the General Administration of Press and Publication of China,” Apple told developers in a message. Apple has set a deadline for app developers to comply with Chinese laws around mobile video games, a move which could hurt some smaller companies. The message appears to suggest that Apple has been letting mobile games get published on its App Store without this license to date. It’s the world’s largest mobile games market. The 2016 law

People wear masks after deaths and new confirmed cases revealed from the coronavirus in Tehran, Iran on February 21, 2020. The new coronavirus that is rapidly spreading around the world entered Iran “unseen and undetected,” world health officials said. “This disease came unseen and undetected into Iran, so the extent of infection may be broader than what we may be seeing,” Ryan told reporters at a news conference at the agency’s headquarters in Geneva on Thursday. As epidemics emerge, he added,

An employee works on the production line of a robot vacuum cleaner factory of Matsutek in Shenzhen, China August 9, 2019. Global economic growth is likely to be the worst this year since the Great Recession as headwinds from the coronavirus and other factors build, according to Bank of America. Gross domestic product growth worldwide is projected to slow to 2.8% for 2020, which BofA Global Research said would be the first sub-3% reading since the recession and financial crisis ended in mid-2009.