Twitter CFO Ned Segal on the company’s revenue beat and profit missNed Segal, Twitter CFO, joins “Squawk Box” to discuss the company’s quarterly earnings.

Twitter (TWTR) – Twitter earned an adjusted 25 cents per share for the fourth quarter, 4 cents a share below estimates. Revenue came in above forecasts, however, and monetizable active daily users jumped 21% from a year ago to a record. Dunkin’ Brands (DNKN) – The company’s fourth-quarter earnings came in at 73 cents per share, 3 cents a share above estimates. Estee Lauder (EL) – The cosmetics company beat estimates by 21 cents a share, with quarterly earnings of 2.11 per share. Yum China (YUMC)

(This story is for CNBC PRO subscribers only.) Innovation and growth should drive several biotech and drug stocks higher in 2020, despite political risk around drug pricing, according to Mizuho. The bank initiated its coverage of the sector, finding five stocks worthy of a buy rating. “Overall, we are bullish on the biopharma sector mainly because of the remarkable innovation we are seeing, including in areas such as neuroscience where innovation has historically been tougher to come by,” Mizuho

Will Smith and Martin Lawrence star in “Bad Boys For Life.” In January, the 2020 box office garnered $886.1 million, up 8.7% from 2019’s gross during that same month, according to data from Comscore. While the 2020 box office outshines 2019’s haul, it falls 7.7% short of 2018’s record during the same period. Despite the strong showing in January, a recent estimate from Wedbush analyst Michael Pachter, projects ticket sales this year will fall 1.6% to $11.2 billion. Still, the domestic box office

Global stocks will likely continue to rally as people realize the coronavirus outbreak is not likely to cause long-term effects on the markets, China Beige Book chief economist Derek Scissors told CNBC on Thursday. Investors in China got their first chance to react to the widening the coronavirus outbreak. Over the past few weeks, American companies with operations in China have issued warnings to investors as the fast-spreading virus hits demand. Tesla has also temporarily closed its stores in

The Leuthold Group’s Jim Paulsen expects stocks to rally higher into record territory due to stronger economic and earnings growth. But his bullish forecast comes with a warning — and it has nothing to do with the coronavirus outbreak. Even though he doesn’t have a timeline on when the economy could get squeezed, Paulsen calls the scenario the market’s “primary risk.” “That could happen quickly if economic growth spurts much more than anyone is thinking this year or it could drag out over a few

World Health Organization officials are holding a press conference at 10 a.m. ET to update the public on the new coronavirus outbreak. As of Thursday, more than 28,000 cases of coronavirus have been reported, resulting in at least 565 deaths. Political solidarity, technical solidarity, and financial solidarity,” he continued. [To see the latest updates on the coronavirus, visit CNBC’s live updates here.]

Bernstein upgraded the cloud infrastructure & digital workspace technology company and said it expects earnings to “outperform.” “VMware has been a controversial stock as investors have had concerns over the Dell overhang and if/ when Server Virtualization business could decline. To understand the upside /downside, we have broken down each of VMware’s businesses and their growth potential which has led us to increase our revenue and earnings expectations above consensus. While we continue to hav

Apple CEO Tim Cook speaks about the Apple Watch during Apple’s annual Worldwide Developers Conference in San Jose, California, June 3, 2019. REUTERS/Mason TrincaThe Apple Watch outsold the entire Swiss watch industry in 2019, according to a new report. Swiss Watch exports meanwhile totaled 20.6 million for 2019, according to data from the Federation of the Swiss Watch Industry. Over the past few years, there have been warnings about the threat to the Swiss watch industry. “The window for Swiss w

Steven Mnuchin, U.S. Treasury secretary, speaking at the World Economic Forum in Davos, Switzerland, January 23, 2020. Treasury Secretary Steven Mnuchin on Thursday said he’s expecting U.S. economic growth under 3% in 2020 thanks in part to the toll Boeing’s 737 Max crisis is exacting on American exports. As recently as last month Kudlow told CNBC that growth in the nation’s gross domestic product this year should, at minimum, top 3%. I’m looking for faster growth: I think we’re going to get 3%

“The escalating coronavirus outbreak is now significantly impacting our business in China, resulting in the closure of the majority of our stores on the Mainland,” CEO Jide Zeitlin said. The Saudi-led producer group has been unable to reach a consensus over its response to China’s coronavirus outbreak. 6:30 am: Tesla temporarily closes China stores amid coronavirus fearsTesla temporarily closed its stores in mainland China as of last Sunday, according to an online post from a company sales emplo

10:23 am: Tesla up 4%, making back some of Wednesday’s lossesShares of Tesla climbed 4% after suffering its second worst day ever on Wednesday. The stock tanked more than 17% in the previous session after the electric-car maker announced a delay in Model 3 deliveries. — Pound9:50 am: Dow erases 100-point gainThe Dow cut its gains at the open completely, turning negative after hitting a new intraday high earlier. —Stevens8:37 am: Tesla relatively calm after three crazy daysShares of Tesla slipped

Mike Lynch, former chief executive officer of Autonomy Corp departs the Rolls Building on June 27, 2019 in London, England. Dan Kitwood | Getty ImagesMike Lynch was once described in U.K. media as “Britain’s Bill Gates.” Lynch, the founder of U.K. tech firm Autonomy, has been released on bail after submitting himself for arrest in London, as U.S. authorities seek to extradite him over fraud charges. HP eventually sold its Autonomy assets to U.K. tech firm Micro Focus as part of an $8.8 billion r

Motorola Razr with folding display MotorolaVerizon on Thursday officially launched the Moto Razr. It’s a new twist on the popular Motorola Razr V3 that first launched in 2004 and quickly became one of the most popular flip phones of the early 2000s. Motorola Razr with folding display MotorolaThe phone is expensive compared with other devices without folding displays. The first phone with a folding display, the Galaxy Fold, broke when it first launched. Motorola Razr with folding display Motorola

A day after being acquitted at his Senate impeachment trial, President Donald Trump attended a bipartisan National Prayer Breakfast on Thursday and warned his opponents that “we can’t let that go on.” Trump did not use the word “impeachment” in his opening remarks at the annual Washington event. “So many people have been hurt, and we can’t let that go on,” Trump said at the religious gathering. Pelosi, who delivered a prayer to the crowd before Trump spoke, had personally announced the impeachme

U.S. stock index futures rose on Thursday morning with economic data and corporate earnings taking the reins as fears over the coronavirus outbreak eased slightly. ET, Dow futures were up 156 points and indicated an implied positive open of more than 165 points, while futures on the S&P 500 and Nasdaq were also higher. Wall Street looks for a fourth straight day of gains after the Dow jumped 480 points on Wednesday and the S&P 500 closed at another record high, erasing the losses from the sharp

U.S. government debt prices were lower Thursday morning, after China announced it would halve tariffs on $75 billion worth of U.S. imports. ET, the benchmark 10-year Treasury note, which moves inversely to price, was higher at around 1.6612%, while the yield on the 30-year Treasury bond was also higher at around 2.1364%. China’s Ministry of Finance said Thursday that U.S. goods with a tariff rate of 10% would be reduced to 5%, while products that have a tariff rate of 5% would fall to 2.5%. It c

Sweden’s Volvo Car Group, owned by China’s Geely, reported an 18% rise in fourth-quarter operating profit as cost cuts and growing sales more than offset the impact of subdued global auto markets. The Gothenburg-based carmaker, which Geely acquired from Ford Motor Co in 2010, reported operating earnings of 5.29 billion Swedish crowns as revenues rose 8.4% to 79.2 billion. Sales of Volvos rose nearly 10% in 2019 – with growth of 23.4% in the fourth quarter alone — as increases in China and the Un

The Reserve Bank of India (RBI) logo is displayed outside of the bank’s headquarters in Mumbai, India, on Tuesday, Aug. 9, 2011. The Reserve Bank of India held rates steady on Thursday in a bid to combat inflation that has accelerated to its highest levels in more than five years, but the central bank retained its accommodative monetary policy stance as growth remains lackluster. The central bank’s Monetary Policy Committee (MPC) decided to leave the key repo rate unchanged at 5.15% and the reve

Societe Generale posted an earnings miss for the fourth quarter of 2019 on Thursday, but revealed plans for possible stock buybacks and said profitability would improve this year. It reported a net income of 654 million euros ($719.26 million) for the fourth quarter, slightly below market expectations. Here are some of the highlights for the fourth quarter:Revenues reached 6.2 billion euros for the quarter, vs. 5.9 billion euros a year ago. Operating expenses rose to 4.5 billion euros, from 4.45