Chinese men wear protective masks as they walk in a nearly empty shopping street on February 2, 2020 in Beijing, China. China closes its factories, which were supposed to reopen last week, to celebrate the Lunar New Year holiday every year. If the plants remain closed until mid-March, as some industry analysts have speculated, IHS forecasts lost production of more than 1.7 million units for the first quarter. South Korean automakers Hyundai Motor and SsangYong Motor also have suspended operation

Wendy’s announced Tuesday that it will start serving breakfast nationwide on March 2. “Our crew will be hand-cracking fresh eggs on all our breakfast sandwiches and leaning into the quality ingredients that have long set Wendy’s apart from the competition,” Wendy’s U.S. President Kurt Kane said in a statement. McDonald’s introduced two limited-time chicken breakfast sandwiches a week ago as it prepares to defend its market share of the breakfast category from the likes of Wendy’s and Chick-fil-A

The World Health Organization will hold a technical briefing Tuesday to update member countries on the new coronavirus outbreak. The executive board is made up of 34 health experts, each designated by one member state elected by the World Health Assembly, according to the WHO. The WHO declared the virus a global health emergency last week, a rare designation that helps the international agency mobilize financial and political support to contain the outbreak. The U.S. government has implemented t

Elon Musk got $4.5 billion richer overnight, as Tesla’s share price continues to surge. With more than $40 billion, Musk is still $80 billion behind Amazon’s founder, according to Bloomberg Billionaires Index. So what would Tesla stock have to hit for Musk to pass Bezos as the world’s richest man? For him to pass Bezos’ roughly $125 billion, Tesla stock would have to hit $3,665. That would put his total net worth at more than $175 billion, which would make Elon Musk the richest man ever.

WTI crude dipped below $50 per barrel on Monday, the first time oil dipped below that level in more than a year. Oil prices are now in bear market territory compared to their previous 52-week highs, and WTI crude has dropped 20% over the past month. According to hedge fund analytics tool Kensho, a month after similar drops, WTI crude tends to shed another 10%. WTI is currently in bear market territory, according to CNBC data, 24.76% off its most recent 52-week high of $66.60, hit in April 2019.

Google parent Alphabet fell on Tuesday after missing quarterly revenue estimates. This is a very good business with operating cash flow that’s getting better. This is a very real business, growing in a lot of different ways with more disclosure that we of course love. The traffic acquisition costs have stayed around 22% of overall ad revenue consistently for the last four quarters, so they’re no longer facing that pressure. We think that is a very good thing for a stock that trades at 11 times E

Not only is Tesla a leader in electric vehicles, but its growing battery, solar and autonomous driving divisions will fuel future gains. The bullish investors still see a fundamental case for the company at these levels, even as many others decry the run as a bubble. And the more vehicles Tesla makes, the cheaper each one becomes to produce. Taking profitsAt a time when investors have started to place a premium on “green” and “clean” companies, Tesla is uniquely positioned. Ross Gerber, CEO of $

U.S. President Donald Trump delivers the State of the Union address in the chamber of the U.S. House of Representatives at the U.S. Capitol Building on February 5, 2019 in Washington, DC. Wedged between a chaotic Democratic caucus in Iowa on Monday, and Trump’s all-but assured acquittal in his impeachment trial Wednesday, the 9 p.m. According to a senior administration official who briefed reporters Friday about the president’s speech, the address will be divided into five “buckets.” The theme o

Macy’s is shuttering its tech offices in San Francisco, a spokeswoman confirmed to CNBC, in a bid to streamline its business. Macy’s said its operations in these offices, which include product and digital revenue segments as well as its online and technology groups, are moving to New York City and Atlanta. Macy’s said it will keep its 20 stores in the San Francisco area, include its flagship at Union Square. It wasn’t immediately clear how many jobs will be affected by the technology offices clo

Joe Biden’s campaign tried to reassure donors on Tuesday that the former vice president is on track to win the Nevada caucus and the South Carolina primary, just a day after the Iowa caucus was derailed by vote-counting glitches. The call left the donors feeling positive about Biden’s efforts in those two states, according to the people. The Nevada caucuses are set for Feb. 22, and the South Carolina primary is a week later. Biden’s advisors stressed to donors that they’re not convinced Buttigie

“Let me just step back and say, if Thomas Edison and Henry Ford made a baby, that baby would be called Elon Musk. He’s absolutely incredible, what he’s done, using his enthusiasm to really change the world, if we’re being honest,” Jonas said on CNBC’s “Squawk Alley.” Jonas lauded Musk’s push for innovation across his companies, saying that “on New Year’s Eve I sent Elon a message” of encouragement. Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shangh

Elizabeth Sullivan, 30, accomplished her goal of paying off half her credit card debt — though not exactly in the way she expected. In 2019, one millennial woman set out to accomplish a big financial resolution: get serious about paying off her $16,000 in credit card debt. Over the course of six months, Sullivan was able to knock out over $2,500 of her credit card debt by slimming down her monthly spending. They were married in August 2019 Photograph by: Debra-Lynn HookSullivan also managed to a

If it is your dream to work at Elon Musk’s rocket company SpaceX, you need to have “a super hardcore work ethic, talent for building things, common sense and trustworthiness.” SpaceX is hosting a career day on Thursday at the Stargate Building on Boca Chica Boulevard, Texas, Musk said. Musk is relentless in pushing his SpaceX team, SpaceX president Gwynne Shotwell said in a 2018 TED talk. Musk has also solicited talent for Tesla on Twitter recently. Despite the highly specialized sophistication

A delay to Chinese factory openings could have a knock-on effect: Basic Fun CEOJay Foreman, CEO of Basic Fun!, joins “Squawk on the Street” to discuss how the coronavirus outbreak could hurt the company, which gets 90 percent of its products from China.

Morgan Stanley’s Adam Jonas on Tesla’s soaring stockAdam Jonas joins CNBC’s “Squawk Alley” team to discuss Tesla’s storing stock price as the company crosses $900 for the first time.

Alphabet— Shares of Google’s parent company Alphabet dropped nearly 4% after the tech giant reported a quarterly revenue miss. The company reported $1.46 in earnings per share on $1.449 billion in revenue. Net revenue rose to $1.75 billion, beating Refinitiv estimate of $1.72 billion. Royal Caribbean reported earnings per share that were in line with analyst estimates for the fourth quarter but missed revenue expectations. The medical device company reported earnings per share of $2.30 on revenu

Snap could be the next tech company to rise after reporting results this earnings season, according to JPMorgan. The company is slated to release its fourth quarter results after the bell Tuesday. It has been a mixed earnings season so far for major tech companies, with shares of Amazon and Apple rising after their reports, but shares of Facebook and Google slid. JPMorgan said in a note to clients on Tuesday that it expects Snap, which is a ‘Best Idea’ for the bank, to report strong user growth

“NV Dems can confidently say that what happened in the Iowa caucus last night will not happen in Nevada on February 22nd,” state party chair William McCurdy said in a statement. “We will not be employing the same app or vendor used in the Iowa caucus.” The Iowa Democratic Party said Tuesday that a majority of the results will be released by 5 p.m. Shadow wrote in a post on Twitter on Tuesday that it regretted the delayed reporting of the Iowa caucus results. The parties in those states were larg

The Saudi Arabia Public Investment Fund in the fourth quarter of last year dumped nearly all the shares of Tesla it owned, missing out on a big windfall, a new filing Tuesday revealed. The selling by the end of fourth quarter means the fund missed out on Tesla’s massive rally in the new year. Musk’s Tesla has more investors betting against the company than any other U.S. stock, according to S3 Partners. Investors turned more bullish after the company reported deliveries of 112,000 vehicles globa

The Iowa caucus debacle represents one of the most stunning failures of information security ever. “Last night, more than 1,600 precinct caucuses gathered across the state of Iowa and at satellite caucuses around the world,” the Iowa Democratic Party said in a statement Tuesday. The application’s reporting issue did not impact the ability of precinct chairs to report data accurately,” the Iowa Democratic Party statement said. Voters will surely be asking the Iowa Democrats to prove how they know