(This story is for CNBC Pro subscribers only.) Oakmark Funds partner Bill Nygren said that the sharp decline in stocks this week was dragging down stocks across the board, leaving some areas still undervalued relative to the market. “I wish it was just the stocks that were on the chase that are being unwound,” Nygren said on CNBC’s “Squawk on the Street.” “It seems to be unwinding everything, whether it has been part of the move up or not.”

With a new CEO, refreshed products and a growth strategy in place, Papa John’s expects its sales to rebound this year. On Wednesday, the company said same-store sales in the U.S. and Canada are expected to rise between 2.5% and 5% in 2020. Although Schnatter stepped down, same-store sales turned negative, and customer loyalty at Papa John’s slipped, according to the Brand Keys Customer Loyalty Engagement Index. In August 2019, experienced restaurant executive Rob Lynch took over as CEO of Papa J

“We should know who is the best person to beat Donald Trump, and with all due respect, Bernie Sanders cannot beat Trump,” he explained, describing the message he has relayed to the two Democratic leaders. Schwartz’s concerns to leaders are being echoed by many Democratic leaders, including Bloomberg, whose campaign has ramped up its attacks on Sanders. Both publicly signaled on Wednesday that they would be comfortable with Sanders leading the Democratic ticket in November. Schwartz’s links to De

Democratic presidential candidate Bernie Sanders will rally Silicon Valley’s haves and have-nots ahead of Super Tuesday. The campaign confirmed it will hold a rally at San Jose’s City Hall on Sunday, March 1, at 1:30 p.m. It also comes after months of the Democratic candidate publicly praising tech worker activism and condemning tech companies and their executives. Many tech workers live in San Jose — the nation’s 10th largest city and one of the most diverse cities in the country. In early Feb

Rodgers, 36, voted no to the NFL owners’ proposal claiming he’s only seen “an abbreviated version” of the deal which he feels “isn’t good enough.” Rodgers, who is one of 32 NFL players union representatives, said he based his decision off conversations he’s had “with the men in my locker room,” and added that a change to regular-season and postseason games should have never been negotiated. The NFL players union executive committee initially voted 6-5 not to recommend the proposal for a final vo

JetBlue Airways in a surprise move Wednesday became the first U.S. carrier to cut its change and cancellation fees for travelers concerned about the coronavirus. JetBlue said the suspension of change and cancellation fees, which can reach $200, would apply for new bookings made on Thursday through March 11 and for trips that would end June 1. “The policy is designed to give customers confidence that they will not be charged any JetBlue fees for changes or cancellations later given evolving coron

This image provided by WISN-TV, police respond to a possible shooting at the MillerCoors campus in Milwaukee on Wednesday, Feb. 26, 2020. An employee opened fire Wednesday at one of the nation’s largest breweries in Milwaukee, killing five fellow workers before taking his own life, police said. The assailant who attacked the Molson Coors complex was identified as a 51-year-old Milwaukee man who died of a self-inflicted gunshot wound, police said. The shooter killed himself. Shortly before word o

Disney is one example of a down stock that investors can take advantage of for a long-term play, CNBC’s Jim Cramer said Wednesday. Disney shares are down almost 15% this year after falling 3.77% during the trading day to close at $123.36. The stock has potential to fall as low as $112 in the near term, but Cramer suggested it’s worth picking up at a discount. The comments come one day after Bob Iger unexpectedly relinquished the chief executive seat at Disney and as coronavirus uncertainties con

Vice President Mike Pence will be put in charge of the U.S. response to the deadly coronavirus outbreak, President Donald Trump announced Wednesday in an address from the White House. The spread of the disease in the U.S. isn’t “inevitable,” Trump said, though he noted that it’s possible that “it could get fairly substantially worse.” But the U.S. is ready for “anything,” Trump said, including an outbreak “of larger proportions.” Trump said he would be putting Pence, who has “a certain talent fo

When the outbreak first emerged in Wuhan two months ago, China’s system of reporting new cases was straightforward enough. The case definition was changed, according to a CNBC translation of the official announcement’s Chinese text, so a broader set of patients could receive the same treatment as confirmed cases. China’s total cases soared by more than 19,000 — from 51,174 on Feb. 16 to 70,635 the next day, according to WHO data. On Friday, state news agency Xinhua reported that an official for

The idea of becoming a millionaire may seem daunting, but based on Grow calculations, a million dollars or more is what most 25-year-olds today may need to retire comfortably. The good news is, getting there may be easier than you think, especially if you start saving and investing in your 20s. If you haven’t already begun saving and investing, the time to start working toward that goal is now. Because of the power of compounding, putting away even a small amount each month can have a large impa

—Feuer1:37 pm: Coronavirus causes Moody’s to slash global vehicle sales forecast for 2020Investor Service is slashing its global vehicle sales forecast as the coronavirus outbreak reduces demand and disrupts automotive supply chains. —Reuters1:10 pm: Presidential contenders take aim at Trump’s coronavirus responseDemocratic presidential candidates at Tuesday night’s debate took aim at the Trump administration’s response to the coronavirus outbreak. The first confirmed case of secondary transmiss

Trump said in a news conference the risk of coronavirus to people in the U.S. is still “very low.” Trump also put Vice President Mike Pence in charge of the U.S. response to the coronavirus . ET, Dow futures fell 379 points and indicated a plunge of 400.59 points at Thursday’s open. Futures slipped after the CDC confirmed the first U.S. coronavirus case of unknown origin in Northern California, indicating possible “community spread” of the disease. But as Trump spoke, the news about the “communi

The patient didn’t have a relevant travel history or exposure to another patient with the virus, the CDC said Wednesday. U.S. health officials confirmed the first possible community transmission of the coronavirus in America, a troubling sign that the virus could be spreading in local cities and towns. It’s significant because it means that it’s also possible the infection is spreading untraced throughout the local community. The CDC said it is working closely with state, local, tribal, and terr

More than a dozen people have been killed and hundreds injured in clashes between opposing groups of protesters in New Delhi, hospital officials said on Tuesday, as riots overshadowed U.S. President Donald Trump’s first visit to India. The clashes, the worst in the capital since unrest over a new citizenship law began in December, started at the weekend but turned deadly on Monday. Violence erupted again in multiple areas of northeast Delhi on Tuesday, just miles away from where Trump and Indian

Peugeot maker PSA Group posted a higher-than-expected rise in 2019 revenue on Wednesday, although the volumes of cars sold declined, with the French firm saying it anticipated sliding demand in Europe and Russia this year. The auto group, which is working through a merger with Italy’s Fiat Chrysler, has relied on selling pricier models like SUVs to boost earnings at a time when revenues have faltered at many rivals. PSA said group revenue came in at 74.7 billion euros ($81.2 billion), up 1% from

Even though local authorities have rushed to build new hospitals, first-hand reports still describe inadequate hospital beds and medical care. Boosting medical resources in WuhanChina has sent more than 30,000 medical staff to Hubei, among which roughly two-thirds were sent to Wuhan. Chinese health officials say that 10% of China’s critical care medical staff are currently deployed in Wuhan to fight against the virus. To be clear, insufficient health care services have been an issue for China —

A spokesperson from the company behind Japan’s top dating app, Pairs, also said the online dating industry in the country is “blooming” and may just be getting started. Eureka is part of Match Group, the firm behind other popular online dating apps such as Tinder. “We only have 20% of the single population who have ever used online dating,” Nishiyama said. Safety concernsNishiyama admitted, however, that security concerns could get in the way of greater adoption of online dating apps in Japan. O

Women wearing kimonos lead cheers from atop a dugout at a baseball game in Japan in 1965. Japanese baseball todayAmerica has competition when it comes to claiming baseball as its national pastime. The Nippon Professional Baseball League (NPB), the country’s equivalent of Major League Baseball (MLB), boasts approximately 27 million fans — about 20% of the entire population. Japanese baseball players tend to stay on one team throughout their careers, though occasionally someone makes it to the U.S

The Hong Kong government has announced 120 billion Hong Kong dollars ($15.4 billion) worth of measures to support its economy, which has been dragged down by pro-democracy protests and the new coronavirus outbreak. That planned spending would result in “an all-time high” fiscal deficit of 139.1 billion Hong Kong dollars, or around 4.8% of gross domestic product, Hong Kong’s Financial Secretary Paul Chan said in his budget speech on Wednesday. “Since January 2020, Hong Kong has come under the thr