World health officials are scrambling to determine just how widespread the new coronavirus is as Chinese authorities reported a surge in new cases overnight after changing how it counts confirmed infections. Dr. Mike Ryan, executive director of the World Health Organization’s emergencies program, said at a news conference at the agency’s headquarters in Geneva. We’ve all seen those clusters, we’ve all seen those super spreading events.” Earlier in the day, Chinese health authorities confirmed 15

Smead Capital’s Bill Smead on Charlie Munger’s warning of excessBill Smead, Smead Capital Management CIO, and CNBC’s Dom Chu join ‘The Exchange’ to discuss if Charlie Munger’s warning of excesses is valid.

US Rep. Maxine Waters on the banking diversity initiativeRepresentative Maxine Waters (D-Calif.), Financial Services Committee chairwoman, joins ‘The Exchange’ to discuss the diversity imitative to make banks more diverse and the 2020 nominees.

“No serious person believes President Trump has learned any lesson,” Senate Minority Leader Chuck Schumer, D-N.Y., said on the Senate floor Wednesday. Sitting just a few feet away: House Speaker Nancy Pelosi, D-Calif., who launched the impeachment inquiry into Trump’s Ukraine dealings late last year. “I’m not happy with” the NSC staffer, Trump said, hours before Pressman revealed Vindman’s departure from the White House. Asked at the White House on Wednesday if there were more departures to come

Airbnb is suspending bookings in Beijing until May as the rapid spread of coronavirus hands the home-sharing giant a new kind of challenge. The number of documented cases of coronavirus jumped by more than 15,000 to at least 60,000, most of them in China. At least 1,369 people have died from the virus, which the World Health Organization has named COVID-19. “As efforts to control the novel coronavirus outbreak continue, we will comply with additional guidance issued for the industry during this

Federal Reserve nominee Judy Shelton faced a blistering confirmation hearing Thursday, as senators grilled her over her views on central bank independence, the gold standard and whether the money that people deposit at banks should be insured. Judy Shelton, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, swears in to a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Sen. Doug Jones, D-Ala., asserted that Shelton had a “con

Roger Stone, former adviser to Donald Trump’s presidential campaign, and his wife Nydia Stone arrive at federal court in Washington, D.C., on Monday, Nov. 4, 2019. Lawyers for President Donald Trump’s longtime friend and advisor Roger Stone are eyeing anti-Trump and other social media posts by a woman who says she served as the forewoman of the jury in his case. Trump has repeatedly blasted the prosecution of his former advisor Stone, and has refused to rule out pardoning him. Smith declined to

Stocks are holding near record highs, keeping the S&P 500 at its highest valuation since 2002, but the market looked a lot different back then. Around 20% of the S&P 500 is now made up of five technology companies — Apple, Google parent Alphabet, Facebook, Microsoft and Amazon. That stock leadership is clear when comparing the broad market-cap weighted S&P 500 with the RSP equal-weight S&P 500 ETF, he said. While the S&P 500 has risen nearly 5% this year, the RSP ETF is up by just over 2%. “We c

Additionally, Equifax issued a first quarter earnings forecast notably above analysts’ expectations, as well as a higher than expected revenue forecast for the full year. Redfin also issued a first quarter revenue forecast of between $179 million and $188 million, above the $178.7 million analysts surveyed by FactSet anticipated. Applied Materials — Shares of Applied Materials rose more than 4% after the company reported better than expected first-quarter earnings. Twilio — Twilio climbed nearly

Walmart said it will discontinue its personal shopping service, Jetblack, on Feb. 21. The retailer had conversations with potential investors, including Microsoft, United Parcel Service and venture capital firms, according to the report. 8, said Jetblack has graduated from its tech incubator and will become part of Walmart’s customer organization. Jetblack notified customers about the end of the service in text messages and emails on Thursday. The membership-based service caters to high-end cust

A woman gestures as she attends a protest urging authorities to take emergency measures against climate change, in Paris, France, September 21, 2019. The Earth had its hottest January in recorded history last month, continuing an alarming upward trend as the climate crisis accelerates, according to the National Oceanic and Atmospheric Administration. The past five years have been the five hottest on record, and the past decade was also the hottest on record. 2020 will likely to rank among the fi

A Wayfair employee works at his desk at the Boston headquarters of Wayfair on July 31, 2018. Wayfair is cutting about 3% of its workforce, or roughly 500 jobs, a spokeswoman said Thursday. The online furniture retailer, which has more than 17,000 employees globally, said those affected include about 350 people at corporate headquarters in Boston. And Wayfair must compete with the likes of Amazon, Crate & Barrel and Ikea, among others, in the furniture category. Wayfair is set to report fourth-qu

Members of media gather at the Diamond Princess cruise ship, operated by Carnival Corp., docked in Yokohama, Japan, on Friday, Feb. 7, 2020. (This story is for CNBC Pro subscribers only.) It took stocks less than three weeks to recover from the initial sell-off triggered by the coronavirus scare, but as new reported cases and death toll continued to rise, investors wonder how much fallout they should brace for and where to hide out. Here’s your complete guide to investing amid the deadly disease

Democratic presidential candidate former Vice President Joe Biden addresses the crowd during a South Carolina campaign launch party on February 11, 2020 in Columbia, South Carolina. Joe Biden is set to rally more than 250 Wall Street and big-money donors Thursday at a pair of fundraisers in New York after his presidential campaign stumbled in Iowa and New Hampshire. Biden landed in fifth place in the Democratic primary in New Hampshire on Tuesday and finished fourth in last week’s Iowa caucuses.

The U.S. does “not have high confidence in the information coming out of China” regarding the count of coronavirus cases, a senior administration official told CNBC. The official also noted that China “continues to rebuff American offers of assistance.” There are more than 60,000 confirmed cases of virus, with the vast majority occurring in China, and over 1,300 people have died. There has been skepticism among researchers that the official numbers reflect how contagious the virus truly is. Reut

A judge ordered Thursday a temporary block on the JEDI cloud contract in response to a suit filed by Amazon. In April, the Defense Department announced that Amazon and Microsoft were the two finalists to provide the contract, ruling out other contenders like IBM and Oracle. Then in July, President Donald Trump said he was looking into the contract after IBM and other companies protested the bidding process. In them, Amazon Web Services (AWS) alleged Trump launched “behind-the-scenes attacks” aga

Massachusetts AG Maura Healey explains the state’s lawsuit against JuulMassachusetts is going after e-cigarette maker Juul for marketing to teenagers and non-smokers. The lawsuit contends Juul bought advertising on websites for Nickelodeon and the Cartoon Network after launching its product in 2015. The new allegations contradict claims made by Juul executives that the company never intentionally targeted teenagers. Massachusetts Attorney General Maura Healey joins “Squawk Box” to discuss.

PepsiCo CFO on fourth-quarter earnings results, revenue growth and moreHugh Johnston, PepsiCo CFO and vice chairman, joins CNBC’s Sara Eisen and the “Squawk Box” crew to discuss the company’s fourth-quarter earnings.

Take a look at some of the biggest movers in the premarket:(PEP) – The beverage and snack giant , with quarterly earnings of $1.45 per share. (AIG) – The insurance company reported quarterly profit of $1.03 per share, 3 cents a share above estimates. (KHC) – The food producer beat estimates by 4 cents a share, with quarterly earnings of 72 cents per share. (GNRC) – The maker of power generators reported quarterly profit of $1.53 per share, 17 cents a share above estimates. (AMAT) – Applied Mater

That would mark the worst Thursday since Oct. 31, when the S&P 500 fell 0.3%. Shares of Tesla fell as much as 6% in premarket trading following the announcement. —Li9:31 am: Dow slips more than 100 points from record highThe Dow fell about 123 points at the open, slipping from a record high reached in the previous session. —Cox8:32 am: Alibaba slides 2% despite strong resultsShares of e-commerce giant Alibaba slid 2.4% in Thursday’s premarket trading despite better-than-expected results. —Steven