— Lovelace10:16 am: WHO officials hold press conference at Geneva research forumWorld Health Organization officials are holding a press conference to update the public on the coronavirus outbreak, which has killed more people than SARS. Watch the live press conference here. — Will FeuerA shop assistant restocks boxes of masks following the outbreak of a new coronavirus, in Hong Kong, China February 1, 2020. Watch the live press conference here. — Bursztynsky8 am: Wall Street shrugs off coronavir

Former longtime CNBC correspondent and anchor Michelle Caruso-Cabrera has launched a challenge in the Democratic primary against freshman firebrand Rep. Alexandria Ocasio-Cortez of New York. She will take a leave from her role as CNBC contributor for the duration of the campaign, a CNBC spokesperson said. According to a filing late Monday, she will run as a Democrat in that party’s primary in the 14th District. Caruso-Cabrera spent more than 20 years with CNBC, serving as a co-anchor for “Power

Shares of Sprint soared Tuesday after a U.S. District judge ruled in favor of its $26 billion deal to merge with T-Mobile. The judge laid out three points on which the court rejected the states’ objections to the merger. Second, the court rejected that Sprint would be able to continue operating effectively as a wireless services competitor without the merger. Legere had been expected to step down once the company’s merger with Sprint was completed. Sprint and T-Mobile had initially said Legere w

China’s central bank said on Tuesday it has approved an application by Mastercard’s China joint venture to conduct bank card clearing operations in the country. The decision, made with China’s banking regulator, is part of efforts to open up China’s financial industry, the People’s Bank of China said in a statement on its website.

Energy-related carbon dioxide (CO2) emissions “flatlined” last year, according to new data from the International Energy Agency (IEA). Global emissions remained at approximately 33 gigatonnes (Gt) in 2019 despite the world economy growing by 2.9%, the IEA said Tuesday. Breaking some of the figures down, the U.S. saw energy-related CO2 emissions drop by 140 million tons — just under 3% — to 4.8 Gt, nearly 1 Gt lower than their peak in 2000. The European Union saw emissions decline by 160 million

Michael Milken attends Prostate Cancer Foundation’s Dinner At Daniel on November 19, 2019 at Daniel in New York City. Upward mobility is becoming a global challenge that may be related to the technological revolution, according to the chairman of the Milken Institute. Social mobility refers to how easy or difficult it is for someone to rise to a higher social or economic position. “This is a challenge, not just for the United States, but for the world,” he added. Milken then described how the te

The British government wants its financial center, known as the City of London, to have permanent access to the European market once the Brexit transition period is over, according to the Financial Times. A negotiating paper, caught by a long-lens camera, showed Monday that the government is looking to get a “comprehensive, permanent equivalence decisions” for its financial industry, according to the report. This would mean that the EU would grant market access in specified activities provided t

Mary Lou McDonald (C), President of Sinn Fein and Eoin O’Broin (L) of Sinn Fein greet supporters in Dublin City Centre on February 10, 2020 in Dublin, Ireland. Nationalist Irish party Sinn Fein’s likely ambition to reunify Ireland, and the possible societal, political and economic ramifications of that could be a risk to the country’s economy, according to an economist. “The first is that the increased influence of SF (Sinn Fein) means that Ireland runs much looser fiscal policy, which could lea

Wall Street set to add to Monday’s gainsU.S. stock index futures were higher Tuesday morning, as stocks look to continue Monday’s rally. CNBC’s Kate Rogers reports.

Federal Reserve Board Chairman Jerome Powell speaks during a press conference following the January 28-29 Federal Open Market Committee meeting, in Washington, DC on January 29, 2020. U.S. government debt yields rose Tuesday morning as investors awaited Federal Reserve Chairman Jerome Powell’s testimony to lawmakers about the state economic growth and employment in the United States. The yield on the benchmark 10-year Treasury note was higher at around 1.585%, while the yield on the 30-year Trea

President Donald Trump’s Middle East peace plan is a “monstrous conception” of a Palestinian state that is not going to progress any further, according to a former chief of Saudi intelligence. The U.S. unveiled its long-awaited peace initiative for an Israeli-Palestinian deal with great fanfare late last month. This includes the disputed city of Jerusalem and recognition of Israeli sovereignty over settlements in the occupied West Bank. It is “generally just a monstrous conception of a Palestini

Streaming content is taking over America’s televisions. According to a new report from Nielsen, 19% of the time consumers spent watching TV in OTT-capable homes in the fourth quarter of 2019 was spent on streaming, whether it was ad-supported or paid subscription services. Thirty-one percent of that streaming time went to Netflix in the fourth quarter of 2019, while 21% was spent watching YouTube, 12% was spent watching Hulu and 8% was spent watching Amazon Prime Video. Twenty-eight percent was

Sanders enters Tuesday’s primary with the money and national and state polling numbers befitting a front-runner for the Democratic nomination in an 11-person race. The Bernie Sanders section cheers at a New Hampshire Democratic Party dinner on Feb. 8, 2020. Sanders led Buttigieg by about 4 points in an NBC News/Marist poll of New Hampshire voters released Friday before the Democratic debate. Sam Kelley, an undecided voter who attended Sanders’ Rochester event on Saturday, said she was choosing a

Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Institute of International Finance (IIF) annual membership meeting in Washington, D.C., U.S., on Friday, Oct. 18, 2019. ABU DHABI, United Arab Emirates — Billionaire hedge fund giant Ray Dalio thinks the roller-coaster impact of the new coronavirus on markets is likely exaggerated. It most likely will be something that in another year or two will be well beyond what everyone will be talking about.” U.S. markets ma

Tensions have spiked between China and the island since Sunday, when Taiwan F-16s shadowed Chinese fighters and bombers which flew around the island. China has stepped up such drills since Taiwan President Tsai Ing-wen first took office in 2016, believing she wishes to push for the island’s formal independence, a red line for China. Tsai, who won re-election by a landslide last month on a platform of standing up to China, says Taiwan is an independent country called the Republic of China, its of

Embraer’s Profit Hunter aircraft, the E195-E2 is seen during the Singapore Airshow media preview on February 9, 2020 in Singapore. Embraer will likely have a “huge opportunity” in the Asia-Pacific aviation market in the coming years, according to the president and CEO of the Brazilian plane-maker’s commercial aviation division. “Over the course of the next 20 years, almost 3,000 aircraft are going to be delivered in this region below 150 seats,” Slattery said. “We own 35% of the market share tod

Daimler on Tuesday cut its dividend to 0.90 euros ($0.9818) a share after 2019 earnings more than halved, weighed down by restructuring and legal charges in what amounts to the third profit warning for new CEO Ola Kaellenius. Daimler said its net profit fell to 2.7 billion euros, down from 7.6 billion euros in the year earlier, despite record deliveries of Mercedes cars that saw the brand retain its title as the world’s top-selling premium automaker. The Stuttgart-based carmaker said it would se

A leadership race is expected to take place in summer and there are already possible contenders for the role, including several that lost out to Kramp-Karrenbauer in the party leadership election in December 2018. Florian Hense and Holger Schmieding, economists at Berenberg Bank, noted Monday that the favorites to replace AKK as party leader are Merz and Laschet. Many in the party may regard him as too close to Merkel, though,” they noted. Merz, meanwhile, they noted, is “well supported by those

European shares traded higher on Tuesday morning as investors continue to monitor the spread of the coronavirus and its effect on the global economy. The new strain of coronavirus, which originated in the Chinese city of Wuhan, has infected 42,638 people and killed 1,016 across mainland China, the country’s health authority said on Tuesday. Stocks in Asia were mostly higher on Tuesday, with Hong Kong’s Hang Seng index leading regional gains on a rise of more than 1%. Chinese markets traded in mi

Former White House communications director Anthony Scaramucci predicted that U.S. President Donald Trump is going to lose the 2020 election and former New York Mayor Mike Bloomberg is the “best of the available” candidates to win. He also argued that Trump’s chances have been hurt because he has not expanded his base since he was first elected. “He’s hammered down consistently on the same level of people and, despite the economic data, he’s missile-locked at about 42%.” The White House did not i