Off its record low that was locked back in october 2007. Weve been watching the futures this morning, and right now those u. S. Equity futures are indicated slightly lower for the dow futures just over six points, but the s p futures and the nasdaq futures are indicated slightly higher. This is a global story with world stocks near eightmonth highs. European stocks consolidating in early trading today. France pulling back slightly, but in germany, the dax is up by just over 8. 5 points. The ftse is up by about five points or so in london. If you want to know who is taking part in this rally, check out these new statistics. Investors poured 5 million stocks into mutual funds. That is the largest weekly inflow since 2001. Mean too many, etfs gained about 8 million in cash. It combines to 8el. 3 million into flowing stocks funds overall. And it means investors overall are coming back into the market. Is that a big number . At the beginning of the year, you tend to get a lot more because thats when things start picking up again if youre automatically depositing money in your 401 k . I need apples and is apples. I need year over year. It makes it a really big number, too. Does it . Ill do some research. But we do see a lot bigger numbers coming in at the beginning of the year. 18 million is a lot to me, a lot to you. But when you look at the federal debt, maybe not a lot . I dont know. I dont know. And you know what . I dont know i dont know how big but at the beginning of the year, you always see a big and because everything is always contrainan in the stock market and because people rush in at top, i dont necessarily want it to be really big because if its really big, people are getting ready to so i dont know whether it is big. You would also think that people would look at this as the prospects for lows on the Interest Rates. They would say the bond market isnt where i want to be so im going to go out on the risk spectrum a little bit. Im still looking in terms of the earlier numbers. Lets get to the top corporate story of the morning. It is boeing. Phil lebeau is j™n dreamliner. The review is likely to include a study of the design and electrical portions of the plane. We will bring you all that news at 9 00. Its 9 30. There it is. Phil will join us from d. C. With more in the next half hour. Well take a look at boeing shares. You can see its been a rocky road this week, but the shares have climbed back after that dip middle of the week there. And the dreamliner was hit by two more mishaps in japan today. One suffered a cracked cockpit window and an oil leak. Both flights were operated on nippon airways. Im wondering about the maintenance on nippon. Do you think its that . I dont know what it is. It seems to me that ill defer to the experts and people like phil. But just my inclination is to think they mentioned the windshield. Theres five panes. It was the very outer one and it points out in the article and it article probably didnt want to point it out, they see it on all different aircraft makes over there, you get cracks and then were being joined later this morning. He said that he thinks at this point, at least, it looks like its very weak, the idea that theyre all linked together. And you said yesterday if you have an oil leak, were going to hear about it with boeing after the week weve had. I dont know what that means. Now, you know, theyre going to check specifically the power system and theres in innovative things on this plane. Thats what im saying, we need analysts to say most people are anxious. Theres an interesting story about what else . Its a lithium ion battery. Historically, you couldnt use those. By the way, you have this problem in cars. The volt ves this issue. Batteries unto themselves are very flammable and thats the big issue. They can overheat and right. You would want to make sure before you based an airline power system on that that and boeing will tell you that they have all sorts of backup systems, that they have all sorts of breaker systems so that the battery cant overheat. Now youre conduct ago special interview today . Im not. Im conducting the the flu today. You have chills . I am one of those members of our audience, perhaps. I hope they have is it just a head cold, the flu this year . I dont know. Mine is coming back a little. I was so cold this morning that i had to keep the car are your high beams on . Are you charging . No, no, no. But does it feel weird . Oh, no. Can i say two things . First of all, im sorry youre sick. I really am. And im sorry on, i was watching nightly news last night and they had a doctor on who said do not go to work while you have a fever. Wait until you have 24 hours. Im a bad roll model. They also said you could pick up up from people but i feel really bad. I dont want your boys to get it and i dont want your wife to get it. So maybe you should go. Go home. Maybe we should rent a room for you. Becky found out that her desk, a persons desk has 400 times the germs of a toilet. The average desk they said is 400 times dirtier than the average toilet. I said im eating lunch tt today in the bathroom. Were surrounded by all sorts of flora and fauna. In fact, theres something that you actually need. Im guessing neither one of you has germs i need. Whatever this is but germs is a nasty word for all of this life that were surrounded by. Like i said, ill take my chans with the toilet bowl rather than the desk after hearing 400 times. Its when your immune system is down that youre susceptible. Its not necessarily me. Its those at home that you dont want to get it the. Its the circle of life. Yes, i know. But i dont want to eat 4 had 00 types of germs. When youre talking about bacteria and things like that, its all logirithmic. Maybe its only 387 times as dirty as my desk. The worst thing is your mouth is probably dirtier than the feet of your dog and theyre out there running around. Good morning, everybody. Hope youre not eating breakfast right now. Do you test anything for fecal matter . I dont want to hear this. Stop telling me. Its everywhere. Andrew, i really hope you fool feel better. All this because youre wearing a jacket. Im trying to stay warm. As you said, you have two young children, right . Im just going to hold it together for the next three hours. Thats my hope. Dont hold it. We wont make the tv news reel if you do. Do something crazy. Anyway, American Express announcing its going to cut 5,400 jobs. The Credit Card Company taking steps to restructure its business and pay legal bills. The ceo analyst said yesterday Spending Continues to grow and the job cuts are not related to the companys macro point of view. Chevron is expecting the Fourth Quarter to be notably higher. Chevron is preparing to bring its refinery enrichment in california back to full production this quarter. The crude unit of the 245,000 barrel per day plant was badly damaged in august. Do you know what the answer on American Express, why they are cutting if its not related to their broader view of the economy . No. There is no great explanation, except they want to be more and more efficient. Yeah. And wells fargo is the name to watch in earnings today. The company is going to post Quarterly Results before the bell. The analysts are looking for 89 cents a share with a lev knew number of 24dz billion. In gaming news, retail sales fell last month. Call of duty black ops 2 was decembers top game. Holiday season sales of personal computers fell for the first time in over five years. The Tech Industry tractor idt says microsofts new windows 8 operating system failed to excite buyers. Instead, many consumers opted for tablet devices and powerful smartphones instead of pcs. And apples ceo tim cook says he expects china to overtake the United States as its biggest market. Cook is meeting with the head of state this week. They said china fla woornt result to a cheaper iphone to boost its kauptal share. Can, there were reports just a couple of days ago that there were predictions they would be making a cheaper iphone. How do we balance those two . More on that story, too. It will overtake when . He didnt say. Thats what i mean. 20 years . One year . I think its possible to take just a couple years, right . Well, if its a couple years, that would be i just want to know, you know, just to say that china will overtake, you know, the United States as our biggest market some day, of course you would figure. But if youre talking 15, 20 years, i mean, china will overtake our economy some day, as well. I wouldnt think that the sheer numbers would make up for the income disparity. They dont make enough coupons. You wouldny china buying 400 phones. And samsung is getting huge market share. By the way, the coolest new phone youll ever see in your whole life, they now make a screen that doesnt break. What . Its foldable, twistable, you cant break it. Have you broken a screen on your phone . No, but people are constantly breaking phones. You drop them on the floor and they break. Anyway, amazon is taking aim at apples i tune store unveiling amazon autorip. Its free versions of music cds they pufr chased. Analysts hope it will encourage more people to use the class service. How would you know whether you were being a really good lincoln or not . How do we know how he acted and how he talked . How would you know if someone was a really good other than just good makeup . How would you know whether it was good performance . Its guesswork. It doesnt sound like daniel daylewis. But theyre saying that he is that no one should even show um, that is nominated with him because hes going to win. But how do you know hes realistic . It is amazing considering hes european and but how do you know whether lincoln could not have acted like that. How do you know hes being a really accurate lincoln . Im not sure youre voting for him based on whether he was an accurate lincoln. What are you voting on him for . Whether he moved you as an actor, as a lead in a film that i was just wondering. The thing with daniel daylewis, he embraces the role and he looks different. He never looks like daniel daylewis in any movie hes ever in. All right. I just thought about that. Gentleman paps Prime Minister whats his last fate . . Abe. And yeah the japanese cabinet approved fresh spending of more than 224. A bay says the measures are intended to add 22 to japans economic growth. Hes urging the boj to move more aggressively to encourage lending and meet the clear inflation target. In china, a food price spike pushed inflation to a sevenmonth high. Analysts say that the latest sign that the worlds second economy is finally snapping out of its largest down turn. We call it a downturn. Lets get a check on the markets this morning. Weve showed you a mix. S p futures down by. 5 . And the s p 500 is down 1. 5 points. Dow futures are down about 11. 5 points. Yesterday was the first time in three days that you saw the major averages. The dow was up by about 80 points. You also saw some big gains. You know what . Im taking a look at numbers from two days ago. Yesterday, the market was up by 80 points. Dwrur right. And a row of gains which is why weve pushed back to these highest levels weve seen in five years. Also, take a look at what is happening in europe right now. Youre going to see in london, the ftse is slightly higher as is the dax in germany. France, the cac is slightly lower. In asia overnight, we did see the nikkei in japan move up by 1. 4 . The hang seng and the shanghai composite in china were both down. Oil prices this is interesting. Oil prices actually moved up yesterday. This morning, theyre giving back a little bit of ground, down by about 46 points to 93. 36. Oil prices have moved higher in recent days even though people have said they expect to see prices move significantly lower as the u. S. Ramps up production in not only crude oil, but natural gas at the end of the year. The tenyear note is yielding 1. 894 . And the dollars this morning is up across the board. Euro coming in at 1. 326. And the dollar yen is at 88. 87. Gold prices at this point are down by about 9. 1,669 an ounce. Its now time for the Global Markets report. Ross westgate is standing by in london this morning. Good morning, ross. Andrew, good morning to you. Were pretty flat in european markets as evidenced by the wall behind me. European stocks in general closing yesterday at twoyear highs. The ftse yesterday closing above 6,100 for the First Time Since may 2008. So not quite the fiveyear high of the s p but not far behind. Were seeing the ftse pretty flat as with most of these markets. You have been taking a look at these markets. We saw the 12month borrowing cost at a threeyear low. And today at auction, threeyear yield in italy down a little bit. Hitting under 2 at 1. 85 . They raised 2. 5 billion. That is the lowest weve seen on italian auction yields for that three year in march 2010. So continuing Lower Borrowing costs for italy and, of course, for spain we saw yesterday. Now, the there we go. 1. 9 is the cash market, as well, for italy. Today Industrial Production coming in for november weaker than expected. Certainly everybody is now expecting that well get headlines talking about triple dip in the uk. We get ta data out on january the 25th. Take a look at dollar yen, 88. 89. We hit earlier this morning 89. 35. Big stimulus package launched in japan and now the bank of japan, so mr. Abe is saying maybe the bank of japan, japanese are saying maybe the bank of japan should target employment. Before we go to a break, andrew found the answer on the stock funds. In u. S. Based fndz, they had 7. 5 million since 2001. If you add it up to the money that went into etfs, its additional aid. Pretty good. Better than a sharp stick in the eye. Thats a really good depression. So its good, but i dont know what it means. Coming up, why steve cohens sap capital could be bracing from the big hour of squawk. You cant afford to miss this next deal in congress. Its going hit your take home pay line by line. Its more money than you might have thought coming up at 7 00 eastern time. What are you doing . Nothing. Are you stealing our Daughters School supplies and taking them to work . No, i was just looking for my stapler and my. This thing. I save money by using fedex ground and buy my own supplies. Thats a great idea. Im going to go. We got clients in today. [ male announcer ] save on ground shipping at fedex office. Welcome back to squawk box this morning. U. S. Equities at this hour, we have red arrows. Dow off about 11 points this morning. The nasdaq off 1. 5 points. S p 500 marginally off about a point this morning. Sap capital telling business employees and parter ners its bracing for employee withdraw. The journal says this is amid intense regulatory scrutiny of alleged Insider Trading at sac. Worth noting, only around 6 billion comes from outside incident investors. The rest is his money. Clients have until february 15th to put in a request to receive money by the First Quarter of 10. But the question, once recognizing that over half the money is his personal money, its not hikely it will shut down. His getting out probably has more people questioning it, too. A good reason they would not want to spread this across the front pages of newspapers this morning. As weve been talking about, the s p is within sight of an alltime high. Jeff is joining us from the cme. Jeff, you look at this within sight, i think 9 2 points from hitting the alltime of the s p 500. Which way does the market want to go . Well, becky, it seems like the bulls have the bears as a prisoner right now. We see this market continue to move higher. We see the overnight s p 500 Electronics Contract trade up about 6 overnight, but right now its flat. I think the 1500 is the technical target on the suspect as we continue to move higher. We saw the highest levels since mid 2008. Why do you think that is . I think a lot of folks are simply underinvested. I think thats the catalyst to continue to make this move higher. Its a timing situation, becky. Right now, i think theres a couple of weeks in between the washington, d. C. Nonsense as it comes back to the forezone. Right now, i think that 1500 to 1530 is going to happen. And folks who are not in the market or short, lets embrace it and get real here. They have to embrace it and get real, although we have the debt ceiling coming up and many people who have predicted you could see a pullback before you see things moving higher once again. And i agree with that. And i think thats a great opportunity to own volume telt here. Its the cheapest weve seen the vix for some time. For one reason or another, theres complacency in the market. Right now, we are seeing the market continue to move higher. Its a big technical when you see the large hedge funds coming in with the high trading that catch a lot of people off guard. And they did that overnight. I think today youll see an up session again in the s p. But, jeff, do you think that these are pros putting their money in, do you think these are average individuals who have started contributing to their 401 k s at the beginning of the year . What do you think is happening . I think theyre seeing some remorse. Some of the folks were concerned about the tax ramifications of this whole fiscal cliff situation. We see nearly a 7 move up in the s p. So people come back in, but pros are dominating the market. Theres a lot of pro money moving big positions around right now and they know time is on their side before the d. C. Dingdongs heat it up again at the end of february. Thank you, jeff. All right, becky. Coming up, a live report from phil lebeau. Hes in washington preparing for an faa announcement of a special review of the boeing dreamliner. Still, Warner Brothers winning a second level victory, giving it complete commercial. The family owned the rights from the creator saying they didnt have the right to make another iteration of superman. Well, theyre going to. Were excited. First, as we head to break, a look at yesterdays winners and losers. [ male announcer ] how do you make 70,000 trades a second. Reach one customer at a time . 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