—Domm10:21 am: US home sales numbers help sentimentU.S. home sales easily beat expectations, jumping to a nearly 2-year high. However, Piper Sandler said in a note to clients that higher than expected expenses would put pressure on the stock and shares are down roughly 3.3%. S&P 500 and Nasdaq hit recordsThe S&P 500 added about 0.3% and touched a new intraday record. -Melloy9:03 am: Tesla set to top $100 billion at the openShares of Tesla rose about 5% in premarket trading. If the gains hold, th

J.P. Morgan Chase CEO Jamie Dimon told CNBC on Wednesday that negative interest rates are one of the only things that concern him in a market that’s otherwise in a “Goldilocks place.” “The only thing I have trepidation about is negative interest rates, QE, and the diversion between stock prices and bond prices and yield and stuff like that,” Dimon said on “Squawk Box” from the World Economic Forum in Davos, Switerzland. Negative interest rates have been used by central banks in Japan and Europe

DUBAI, United Arab Emirates — UN experts have called for an immediate investigation into the “possible involvement” of Saudi Crown Prince Mohammed bin Salman in the hacking of Amazon CEO Jeff Bezos’ iPhone in 2018. “The alleged hacking of Mr. Bezos’s phone, and those of others, demands immediate investigation by U.S. and other relevant authorities, including investigation of the continuous, multi-year, direct and personal involvement of the Crown Prince in efforts to target perceived opponents.”

A health official scans the body temperature of a passenger as she arrives at the Soekarno-Hatta International Airport in Tangerang, Indonesia, Wednesday, Jan. 22, 2020. Deaths from China’s new virus rose to 17 on Wednesday with more than 540 cases confirmed, increasing fears of contagion from an infection suspected to originate from illegally-traded wildlife. The World Health Organization (WHO) was meeting to rule if the outbreak was a global health emergency. “The best way to conquer fear is t

Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. Robert Hanashiro | USA TODAY | ReutersTesla reached a $100 billion market cap for the first time at the beginning of trading Wednesday, setting CEO Elon Musk up for a large payout. Tesla’s stock was up about 6% early Wednesday, pushing its market cap to $104 billion. Musk would earn the first tranche of at least $346 million in options if Tesla’s market capitalization hits and stays at $100 billion. At a ma

Microsoft CEO Satya Nadella speaks during a climate initiative event at the tech giant’s campus in Redmond, Washington, on Jan. 16, 2020. Another option is bioenergy produced from carbon capture and storage, or BECCS, which captures and contains carbon contained in plants when they are burned. The company’s methods for reducing its carbon emissions to near zero are straightforward, and similar to what other businesses and consumers are doing. Amazon has pledged to reach 100% usage of renewable e

Wall Street analysts are sticking with Netflix after the company reported it’s fiscal fourth-quarter earnings report on Tuesday after the bell. The company beat on the top and bottom line and reported weak guidance on U.S. subscribers. But that shouldn’t deter clients from owning the stock according to analysts. Netflix also admitted subscriber growth in the U.S. had slowed as competition continues to heat up from the likes of Disney+ and NBCUniversal’s Peacock. Here’s what else analysts are say

Facebook’s CEO Mark Zuckerberg speaks during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Facebook’s stock is poised to rise after it announces earnings next week, according to Morgan Stanley. In a note to clients on Wednesday, the bank’s analysts picked seven stocks to have a positive near-term catalyst and 11 to have a negative near-term catalyst. The social media giant is one of the stocks Morgan Stanley is most bullish about heading into earnings, with the

As Boeing’s fallout from the 737 Max crisis continues, Vertical Research Partners said it’s “throwing in the towel” on the stock and downgrading it to a hold rating. On Wednesday the firm made “major” cuts to its estimates for 2019-2022, saying “it could get worse before it gets better” and that the company has unresolved issues beyond the 737 Max. Vertical Research Partners also lowered its target on Boeing to $294, which is 6% below where the stock currently trades. Boeing shares have slid 17%

Deutsche initiated coverage on the stock and said it had a “unique scale” across the communications and media business. “AT&T has unique scale across a wide range of media and communications businesses (fiber, spectrum, satellite TV, television programming, film/TV production, and streaming). The stock has underperformed the S&P 500 and Verizon over the past 3, 5, and 10 year periods, but has outperformed VZ over the past 12 months thanks to a renewed focus on driving cost efficiency, restoring

Democratic presidential hopeful US Representative for Hawaii’s 2nd congressional district Tulsi Gabbard (L) and former Secretary of State, Hillary Rodham Clinton. Democratic presidential candidate Rep. Tulsi Gabbard sued former Secretary of State Hillary Clinton on Wednesday for allegedly defaming her by suggesting the Hawaii congresswoman is a “Russian asset.” The suit claims that Gabbard has suffered “actual damages” of “$50 million — and counting” from Clinton’s comments. Clinton, the 2016 De

Amanda Andrade-Rhoades | Bloomberg | Getty ImagesPresident Donald Trump called House impeachment manager Jerry Nadler “a sleazebag” on Wednesday, hours before he and fellow Democrats were to begin laying out their case in the Senate for Trump’s conviction and removal from office. But hours later at the World Economic Forum in Davos, Switzerland, Trump unloaded on Nadler. In response to a question about the New York Democratic, who heads the House Judiciary Committee, Trump said: “I’ve known him

J.P. Morgan Chase CEO Jamie Dimon said Wednesday the only financial market bubble he sees right now is in government red ink. At the World Economic Forum in Davos, Switzerland, CNBC’s Andrew Ross Sorkin asked Dimon if he sees any frothy areas in the market. The total U.S. public debt outstanding stands above $23 trillion, with debt held by the public north of $17 trillion. If inflation unexpectedly shot higher, it could force central banks to hike interest rates to help cool down the economy. “D

Despite ongoing unrest in the Middle East, Saudi Arabia’s tourism chief said the kingdom is “very safe” and he doesn’t see the disorder impacting tourist arrivals. “I’m not worried at all because Saudi Arabia is very safe,” Ahmad Al-Khatib, chairman of the Saudi Commission for Tourism and National Heritage, told CNBC’s Hadley Gamble on Tuesday. “If we look at the 1.6 billion travelers, I don’t believe more than 10 percent would feel that Saudi Arabia is not safe.” He also said he hasn’t heard of

Chinese ride-hailing giant Didi is looking to enter the Russian market, according to the CEO of the country’s sovereign wealth fund which is one of the investors in the firm. The Russian Direct Investment Fund (RDIF) is an investor in Didi. RDIF’s CEO Kirill Dmitriev told CNBC on Wednesday that Didi is now looking to enter Russia. “Didi is thinking about entering the Russian market and we are looking at the Russian market with them,” Dmitriev said. An entry into the Russian market would pit Didi

Spain is the latest European country to have a new coalition government after a period of political stalemate and uncertainty and the left-wing government will aim to focus on growth policies and addressing inequalities, the country’s vice president told CNBC. “I’m extremely happy that we finally have a government, it took quite some time, it was not an easy time but we finally have a coalition government in Spain,” Nadia Calviño, one of four vice presidents in Spain, told CNBC’s “Squawk Box Eur

The signing of a “phase one” trade deal between the U.S. and China offers a “pathway to peace” which improves the outlook for the global economy, according to International Monetary Fund (IMF) Managing Director Kristalina Georgieva. The IMF this week revised down its forecast for global economic growth in 2020 to 3.3% from the 3.4% projected in October 2019. However, Georgieva told a CNBC panel at the World Economic Forum in Davos, Switzerland, that the trade truce had “reduced by 0.3% what woul

An argument is brewing between the U.K. and U.S. over whether the British government should press ahead with plans to introduce a digital sales tax in April. The U.K. has argued that current tax rules do not fairly match where digital profits are taxed, to the region where the income is derived. Speaking during the World Economic in Davos, Switzerland, U.S. Treasury Secretary Steven Mnuchin warned that countries who introduced a digital tax could “find themselves faced with President Trump’s tar

The potential for governments to deploy fiscal stimulus policies in 2020 is creating greater optimism at this year’s World Economic Forum in Davos than a year ago, according to Barclays CEO Jes Staley. With the European Central Bank (ECB) cutting interest rates to a record low -0.5% last year, new ECB President Christine Lagarde has joined her predecessor Mario Draghi’s calls for governments with fiscal headroom, such as Germany and the Netherlands, to start fiscal spending programs in order to

DAVOS, Switzerland — Xiaomi, one of the largest smartphone players in the world, is still hopeful of entering the U.S. market, despite the ongoing trade war between Washington and Beijing, a top executive told CNBC. But it has yet to enter the U.S., a market dominated by Apple and Samsung. In 2018, a senior executive at Xiaomi told CNBC that the firm was building its “resources” to enter the U.S. When asked if Xiaomi was still looking at the American market despite the ant-China sentiment and do