He doth protest too much. In every joke there is a whisper of truth. Kidding is that the expression . In spanish [ spanish ] i dont know whether andrew is delayed because of traffic or cant decide the proper look for a snow day. Could be a sweater sweater . A zipper sweater. A zweater . Yeah. You dont get up early enough do you live in the georgia . Yes. Youre here. Yes. Okay. I live 35 miles away. And you made it. And i have a sports car. And andrew lives in the city, he didnt make it. Dont live where theres a bridge or tunnel between you and where you work is good advice. That would mean i have to live in new jersey and i dont want to live in new jersey. You made it here. Too good for new jersey . Too good for new jersey, are you . Im single. I want to live in new york city. You married, you live in new jersey. How is it working . Great, actually. Youre still single. Notable other other notable market activity. The dow transports closed at an historic high. The index soared 15 during the last two months. On our agenda today, a number of economic reports. 8 30 a. M. Eastern time, the Consumer Price index. Later in the morning, industrial production. And also the National Association of Home BuildersHousing Market index. In the afternoon, the fed releases its beige book, dull name but exciting. Survey of Regional Economic conditions. In earnings central, two releases likely to steal the show. Jpmorgan and Goldman Sachs, both set to post Quarterly Results before the bell. Very excited. Well, and just to the extent that you know what were going to focus on. As big as the myriad operations of jpmorgan are and as much as we can tell about the economy and financial sector, we will be obsessed with jamie dimon, if he didnt get as much of a bonus as normal because his pristine reputation because of the wale slipping thing we can find as members of the media. 6 million trade on a Balance Sheet of i dont know how much they made in spite of that. A lot. Speaking of the bank, another look whos here and dressed normally, too. Can we get the man a chair . He cant sit we thought you were trying on different zweaters. On a day like this, what is the right look for a young, happening, dashing what what you have time. Dont do this to viewers. Its not that important. Did you not get makeup . No. He didnt. Look at this is natural beauty. You didnt shave you really think you need to be here that much that you cant get makeup . Absolutely. Taking one for the team. All right. Speaking of this stay on us, please. Morgan stanley will take you can get powder or something if you want. Just headlines the women didnt follow you out . George Washington Bridge was a little no, you have time. You want me to call them . Expecting you around 7 00. You have time. We have the headlines. Jpmorgans earnings, a lot going on. Well take three years to pay out 2012 bonuses, high earnings employees. Employees expected to be paid 25 at a Time Starting in may. 25, a quarter at a time. People who quit or are fired wont get their future installments. The plan is said to apply to bonuses of at least 50,000 for most people that are making more than 350,000 annually. The millionaires and billionaires we hear about. That move should better align incentives with shareholder interests and make it harder for employees to leave. Do you think a union would ever accept this . Your pay will not be given to you this year. Youre going to have wait three years to get the pay you earn this year. And by the way, if you leave in the meantime, you lose it. You need then if if they keep doing this year after year, you can never leave. Right . Right. You need three years of even if youre fired of pay over in the the union rules over in socialism. Right. Right. And then more trouble with the 787. Al nippon again. And the 787 dreamliner made an Emergency Landing at an airport in southern japan after a battery alarm alert. Then apparently there may have reports that maybe people smelled smoke. The latest in a series of incidents that the new jetliner has had happen to it. As a result, both al nippon and Japan Airlines now have grounded their dreamliner fleets. That hadnt happened yesterday, but we reported on it last week. And dell, buyout talks appear to be advancing which people didnt think they would. And david faber reporting talks between 13. 50 and 14 a share. The investments from silver lake and other potential investors roughly 2 billion, and the debt financing, people want to do it. Seen as oversubscribed. Michael dell is expected to invest fresh money in the transaction, and faber says an announcement could come within two weeks, which is less than six weeks, which is what people were saying yesterday. All right. Other technology news, apples Vice President of retail has left the company. Jerry mcdougal was a potential candidate for the companys nowvacant senior Vice President of retail position. Shares of apple falling below 500 this week. Look at that 487 a share. Premarket higher by a buck. You see ever since the foen 5 actually came out the iphone 5 actually came out, people are selling on the news, reports of whether or not theyve cut the number of orders for parts internally has pressured the stock. Facebook shares also coming under pressure this week. Investors appear to be less than thrilled by the companys Product Announcement yesterday. Social networking site unveiled a new tool that lets people search their network of friends to find everything from restaurants to movie recommendations. Graph search. We have stocks reporting today. I have gone on facebook, and im searching the right graphs for all the stock movements s. That what it does . That seems like a weird thing to try and take on you can search for graphs, is that is it the graph search . Social graphs. A graph search. Whats a social graph . What youre connected to, what theyre searching for, all of these connections. Weve got jpmorgan and Goldman Sachs coming out. I want oneyear graphs, two year, five year, and ten year social graphs. Social graphs. I dont know. I saw it was a graph search. Sounds really big. Sounds really, really big. I dont think investors thought it was that big a deal. Is it not those kind of graphs . Why would nay call it that . I had no idea whether this was important yesterday. I think it wasnt important. It was not important . No. Sad to say. Did you see apple yesterday . I saw apple yesterday. Do you see what all of the headlines are now . Have they got an innovation problem . They do have an innovation problem until they dont. What about a slightly oversized ipad, if it was teal and slightly oversized. Not a maxy pad or mini pad, i think slightly i think that would do it. I think that might get them back on track. They have a problem. You cant keep changing the size and color of these things. Are we getting a tv soon . Wheres the tv . Are you looking at me . Weve been waiting for devices, and theyre not coming. Highdef of it s no friend of yours today. Thats all im going to tell you. Are you going to go in there they havent come out yet . Listen, we need a softer sort of is there a way the Barbara Walters filter. Yeah. Can you back it up a little, maybe cleveland . Can i say, the only thing about makeup on tv, the reason you need to wear it is because everybody else is wearing it. If everybody else didnt wear it, then it wouldnt sort of the great equalizer of whats happening. Thats not true. Thats not true. You need to wear makeup so you look like everybody else off tv. Back the camera up. Theyre going to do. Get it as far back as cleveland. And make it hes hot in cleveland. Yeah. Am i supposed to do this Corporate News . I guess you want to see what it looks like on the monitor. I guess go ahead. Corporate budgets protect spending are set to fall half a percent in 2013 from last years levels. This according to a survey by gartner research. The main reason, Companies Looking to cut costs amid concerns about the economy. Joseph, how about that . Makeups coming out. They are. Theyre going to come out and do maybe a little powder. Not a base or anything. The redness around the nose because its cold out. Shiny. In washington news, treasury secretary tim geithner says the government has begun borrowing from the federal Employee Pension fund now to keep operating without surpassing its debt limit. These are some of the steps they can take. In a letter to congressional leaders, geithner says the move will free up 156 billion in borrowing authority. Weve gone through that this morning. The action has been taken by other treasury secretaries and will not put in jeopardy any monthly pension payments. Thats not a lot sounds like a lot. Not a lot at all. Fay back later. The house approved 50. 5 billion in longdelayed federal disaster aid to the victims of Superstorm Sandy yesterday by a vote of 241180. The senate is expected to pass it. The house approved the aid in two parts. 17 billion in funds to cover immediate disaster relief. 33. 5 billion in longer term reconstruction funds. Big day today as far as birthdays. Maybe youre not aware of this especially its appropriate today that its this gentlemans birthday. Who . Whose birthday . His 112th birthday. Google like some whos that . Oh, were going to have video in a minute of okay. I already ruined it. Zam bone . Yes. Frank, the man, zamboni. Googles frosty and one of my favorite words of all time. Zamboni. Yes. Lets check on the markets this morning. The futures after being down most of the session yesterday, we managed to eke out the fifth gain in a row, up 27. Down 33 points on the dow industrials today. We are at, as i saw yesterday all day, we were at fresh fiveyear highs. I would think if you set a fiveyear high, is it feel fresh to you . Is it different if its a fresh fiveyear high . It is. I almost called like the managing editor to say can we do we need to always say fresh when its like a fresh five if its you dont like iliteration . I dont no. What if its a new low, is it a rotten new low . Distressing new low. Anyway, theres the s p crawled up two points this morning. As far as the futures go anyway. Lets look at europe and see whether the tails wagging the dog no, its down, going the right way. Not big moves in any of those markets. Check out asia quickly. And fractionally not japan, japan down significantly to 2. 5 points. If you look at the ten year, gilds above 10 . The energy, 93. And now well go to the ten year note. Which is now 1. 82. I was mistaken. Yesterday for a minute i thought we were getting close to two. But rick was talking about. I wasnt paying that much attention. What are you guilty about . Yeah. It was guilts. Booms also going. The dollar, 1. 33 verse you the euro and 88 on the yen. Finally, gold was up significantly yesterday. Its falling back a little today, down about four points. Now time for the Global Markets report. Ross westgate standing by in london. Mr. Westgate, how are you this morning . Hey. Were good. Thanks very much. As you just saw joe point out, softer here. We have bounced off the session low a short while ago. And the German Economics Ministry talking about the forecasts for germany, as well. Just helping us bounce off that primarily, saying, yes, weve had a weak Fourth Quarter. Will be weak at the beginning of the year. Theyre expecting a much stronger rebound toward the end of 2013. So the footse 100 was down. 5, currently down. 3. Down. 3 for the xetera dax, down. 1 as is the french market, ibex down. 3 . The euro dollar, we had an interview with ewald nowotny, the Austrian Central Bank governor. Member of the ecb governing council, as well. You see the spike we had the session chart, what i was looking for. You would have seen a spike up. Were currently trading at 1. 3321. Were sort of 1. 3220 before he dismissed comments from the euro Group Chairman yesterday saying the Exchange Rate was dangerously high in terms of euro dollar. He said the euro rate was not a concern and says he thinks banks are far less rely ant on ecb funding. Those things helping the euro into positive note for the session. On a downbeat side, expressing the weakness in the eurozone. We had poor european car registrations, down in december, vomgs for the eurozone alone, down 11 to nine million. Sharply lower than the vehicles sold in the previous two years, as well. Some stocks that are down, daimler off, renault down. 75 . Italian sales, poor. Bmw the standout, up. 4. There were only two countries in the whole of the e. U. Where they improved new car registrations, one was the u. K. Although the wider economy is fairly weak. And with bond yields heading toward the u. S. Session later, gild lower. And it is worth pointing out that there was a syndicated 6 billion 15year issue. Theyre looking to raise 3 billion to 5 billion. Italy nearly raised 10 of required funding for the year. Theyre frontloading debt kwa t requirements as they should over the first couple of weeks. Thats where we stand in europe. Back to you. A 50year issue. Holy smokes. Thank you. 15 15 . Oh, i misheard. That was the italians, right. 15. Got it. Yeah. Thank you. Coming up, the state of the financial see, im glad i asked. The industrys leading trade group joins us to talk profits, regulation, and a whole lot more next. First, heading to break, look at yesterdays winners losers. [ male announcer ] dont just reject convention. Drown it out. Introducing the allnew 2013 lexus ls f sport. An entirely new pursuit. We dont let frequent heartburn come between us and what we love. So if youre one of them people who gets heartburn and then treats day after day. Block the acid with prilosec otc and dont get heartburn in the first place [ male announcer ] one pill each morning. 24 hours. Zero heartburn. [ male announcer ] how do you make 70,000 trades a second. Reach one customer at a time . Or help doctors turn billions of bytes of shared information. Into a fifth anniversary of remission . Whatever your business challenge, dell has the technology and services to help you solve it. Welcome back. A lot of big earnings coming out today. Ahead of that, were looking at the dow fight down about 33 dow fight down about 33 point. We had three straight earnings sessions. Making headlines, oprahs Cable Network will air the first piece of her interview with Lance Armstrong tonight. The network is getting an ad premium, i can imagine, for the cycling champions confession. The network is a joint venture with discovery communications. Owns president says the network expects to sell all the remaining commercial time for the twopart version of oprahs next chapter. I noticed even usa today has mainstream and controversial as usa today. The cover story, Lance Armstrong, its over after a decade of denial, armstrong is still looking out for number one which is why he deserves nothing but disdain. On the cover of the usa today. Its that a quote from somebody or is that no, thats their headline. They wrote that. Theyre effectively an editorial on the front page of the paper . Effectively. The thing i was seeing i have never believed him for like ten years because it was just the evidence was what i didnt like was that michelob continued to run those Michelob Ultra ads. Within six months ago, there he is. Fine hows that feel . Michelob, is that your Corporate Image now . You spent a lot of money to get the Corporate Image. You feel was that money well spent that you left those on the air . Just an ostrich that you have your head in the sand . Listen to this lead Lance Armstrong is not sorry that he doped. Hes sorry that he got caught. That is true. Thats what women say to men all the time, by the way. But youre not bitter. Youre you live in new york. To find a man like the rihanna song. God almighty. Weve already been on that, why he slifs in new york he brought it up. You think i bring this up . She has to live in new york because thats where im single. Its willie sutton. Thats where i got. I got it. Thats wrts money is. Thats where the men are. Thats where the men with money are. Hello. Thinking here. Now to todays national forecast. Eric fisher joins us from the weather channel. Hey, eric. Good morning. I dont want any trouble by the way this morning here. Across the northeast, a winter storm, maybe not a blockbuster, but one thats going to cause issues for this morning as you get to the highways and biways. Boston, my flying. Heavier snow across rhode island, northeastern connecticut, fast moving storm system. But right in the middle of morning rush. So weve already had reports of accidents, schools closing down. A sleepy morning for many. Here across southern connecticut, good snowfall rates. The line is right over new york city. Probably mixing in with a few sleet pellets, mainly rain, coming north of the city, thats where youll find the snow. South along 95, all rain. Visibility down to about half a mile in hartford, one mile in boston. 2. 5 miles in white plains which means its not particularly heavy there at the moment. Total accumulations, again, not huge. The most, three to six inches with the Higher Elevations one to three here, elsewhere across connecticut. Parts of new york state, its just the timing that makes it more impactful. A little farther to the south, freezing rain still the story here across parts of kentucky and into tennessee. This is where the freezing rain will fall during the morning hours. The roads are really going to be a mess. Probably not enough here in lexington, louisville to bring down power lines or cause major issues. A lot of reports here, be careful on the roads anywhere in the south. And snow tonight, guys, as we head across mississippi, alabama, maybe georgia, winter is coming back. We know all about it. Andrew was late this morning because winter was here. That is true. George Washington Bridge was