Good morning, everybody. Im becky quick along with joe kernen and Andrew Ross Sorkin. Joe, nobody can put anything by you. Youre right, it is 2013. Our top story this morning, call it a breather or a break, but the winning streak has been snapped after an eightday run for the s p 500 giving background. Not much, but it is enough to stop the longest run in eight years. The s p 500 dropping about three points, but the index still remains a hair above 1500 and some people will tell you thats pretty important. The dow finishing lower after bouncing around the flat line all day. The dow standing at this point at 13,833. But the nasdaq showing some signs of life thanks to roadway bound in apple shares. The nasdaq closing at 3154. Apple shares up about 2 yesterday. Also yesterday on squawk, jpmorgan strategist tom lee made the case for the dow hitting 20,000 in the next couple of years. When we look at multiples, you have to keep in mind mid cycle s ps are at 13 been were at 1257. Triple yield bonds are trading at almost 11 times. If you put a 17 multiple on 150, i think the s p peaks around 2400, 2500. Where will the dow be . I think it would be close to 18, 19, 20,000 down. Okay. Robert, how about thats obviously four years away. We have another big lineup of market guests starting at the bottom of the hour. Kevin ferry, jeff saut, charles champble and james paulsen. And our guest host today is james pauBarry Sternlicht. Becky, i can digging the screen right next to you. Can we do that every day . Sure. Leading the stocks to watch this morning, its the First Quarter around ceo marissa meyer. Yahoo reported a quarterly profit of 32 Cents Per Share. The company benefited from higher ad sales prices. Yahoo predicted a modest increase in revenue. But the road to revive the companys fortunes will be a long one and its revenue projection coming in a little light. Youre going to see some action on that stock today, a little bit of a mixed picture. We have an analyst well be talking to about yahoo in just a bit. I think that reflects whats happening, though, right . What do you mean . It is up. It is up, but some people are talking about the projection being slightly up. Earnings this morning, including reports from pfizer. Also, Ford International paper and Harley Davidson and thats just before the bell. The big report after the bell will be from amazon. So plenty for investors to digest today. And while thats going on, the Federal Reserve will kick off the first fomc meeting. Now that weve got it right here. So i was right. I dont like to it is 2013. I dont like to challenge because i remember something. Didnt Cathy Griffin do something, anderson coopers you called it a sardine. I do remember, something happened. It takes you until about july to figure out writing the right year. On checks . Yeah. It havent written a check in a wild. I have to think long and hard before i write that out. Its the First Federal meeting of the year. Big piece in the journal today. John taylor, not the hedge fund john taylor but the former appreciatory under secretary. Stanford say the says holding back the economy, the Federal Reserve is holding back the economy. Steve liesman will be along at 7 30 eastern. I dont think he would buy into that. We will be here with the release of cnbcs exclusive fed survey. And from the better late than never file, the senate has approved the long delayed 50. 5 billion aid package for the vikt manies of superstorm sandy. The approval comes three months after the storm ravaged the east coast destroying thousands of homes and is business in new york and connecticut and new jersey. Nine republicans joined democrats in voting yes on the measure. Now president obama must sign it into law, which he is expected to do. Senate leaders held up the aid and for wrangling over the new rules, filibusters and some pork in there and all kinds of stuff. Andrew asked me today i love this. Is it okay to wear a jacket . Its fine to wear a jacket when you want to because of he goes, look, this shirt needs a jacket. That begs the question, where do you wear a shirt that needs a jacket to cover it up . Because its a different look and it gives us something going on there. I get that. Youre behind the shirt, but you never to cover it up. Basically, if you have too many checks, it looks like a picnic table. It does. Thats back to the original question, why buy a shirt that looks like a picnic table clothe. Im with him. I have some things that i have to put a sweater over because its too much. You want it to peek out, but not take over. Its a team. Go like this. We know hes a little bit of a tease. Being here every morning with him, it happens a lot. It happens a lot. And anyway, lets take a look at the markets this morning. We told but that action from yesterday. You did see the dow and the nasdaq down slightly higher. This morning, you see a few red arrows. At this point, the dow future is down by 9 points. Nasdaq down by about 6. 5 and s p down 2. Take a look at oil prices this morning. Right now, down by 7 cents, but sitting at incredibly high numbers. 96 of. 37 for the wti. The tenyear moved above for the first time in april. It did end up, that yield coming back down slightly. This morning, you can see it sitting right at 9. 6 , but a lot of activity and a lot of talk about whether or not weve seen the bottom when it comes to treasury prices and or treasury yields and if youre going to see those things continue to push up from here. Take a look right now. You see the euro is trading at 1. 343. Dollar is down against the yen and the pound. And gold prices this morning are indicated up by about 6. 50. 1,659. 50 an ounce. Its now time for the Global Markets report. Lets fly over to see kelly evans in the land of the caviar communist. Kelly evans is in london this morning. Good morning. Andrew, good morning. As the deals go, youre going to love this one. A high profile board room battle is heating up this side of the pond. The rothschild banking dynasty is banked against one of the most powerful families in indonesia for shares of bumi. Shares are up about 20 from a year ago. But these since the ipo has fallen sharply. The indonesian focused miner has called an extraordinary general meeting next month to let investors decide whether to take Nat Rothschild planned board shake up. This goes back to 2010. Executives have advised shareholders to vote against all the charges. Today, we saw this play out in realtime. Nat rothschild said shareholders in this case have little choice but to push for reform. Nick von schernding is a good man. We hired him as a pr man. However, he is not at all qualified to be the ceo of a Global Mining company. And im not just saying that because he tried to make himself more well qualified by embell h embellishing his cv last week. Its staggering. I seem to have been the lone voice in trying to deal with the serious issues at hand. Respond to go that interview, also first on cnbc, the ceo on of bumi responded and said hes confident he will win a vote from shareholders to block the man. The move, their vision for this company is good getting it back on its feet and denies any allegations of embellishing his cv. Look, i dont want to get into a personal slurring of anybody here. I think the facts speak for themselves. Ive had 25 years of financial and operating experience in the career at angelo american both in south africa and at times india. Ive worked closely with two chief executives at angelo. I have no issues with that. The key issue here is that this company is in a total mess today. And that mess was created when Nat Rothschild brought the structure to the london market. One of the flaws in this transaction that Nat Rothschild brought to the london market was he gave control of the plc to the backries. That is a problem. We are trying to sort out that mess by removing the backries from the shareholders of this company. I would say to all shareholders, including nat and the backries, its time for everyone to step back and allow an independent management do the right thing. The real question is whether whats best for shareholders has gotten completely lost amid the infighting. That extraordinary general meeting will take place on february 21st. In the meantime, we can expect a lot more back and forth. Im sure it will come down to shareholders ultimately to decide who has the better Strategic Plan for this company which is clearly in need of one at a time no less when miners are under pressure given the cross currents we are seeing in the general economy. On that note with a generally quiet european session, ill send it back to you guys. Is this the polite version of ackman and icahn . This is the european version. Theres no cursing . Wa do they say over there . You can tell Nat Rothschild is a more fiery character than the ceo whom we spoke with. I wouldnt put it past him, necessarily, but i think these gentlemen are trying to keep it professional. Im just surprised whether its the incident you referenced or today, how personal these attacks become. The real risk is whats best for the shareholder in the long run has gotten overlooked. Kelly evans in london, thank you for that. Well see you in a little bit. Coming up, were going to search for value in the markets as the dow flirt wes 14,000 and the big question of the day, should you yahoo . The Search Engine beating the street, but is ceo ma ris ya hire making the right moves to get your investment dollars . As we head to a break, here is Marissa Mayer talking business from davos. Yahoo has always been a very friendly company, because of our focus, its also in addition to technology, but our media. It ultimately means that theres an opportunity for partnerships. And thats what we will be focused on. So we work with, for example, apple and google in terms of the operating system. In terms of the social network. They have a Strong Partnership with facebook. And so we are able to work with some of these players and have a lot of strength in order to really bolster our user experiences that we offer on yahoo sites. [ construction sounds ] [ watch ticking ] [ engine revs ] come in. Got the coffee. That was fast. Were outta here. [ engine revs ] uk equities dow right now. Apple managed to rebound yesterday. I thought one of the most interesting things yesterday was that kentucky raid, that ftc on a what did they call it, multi Level Marketing organization . You saw what happened to the shares of herbalife. Herbalife. I call it bone know. I call it its herb greenbergs world. Did you know appear sl bigger than exxon mobil again sflp. Anyway, herballife was down almost 4 points. I dont know what it means if the ftc starts looking into these. Theyve already looked into herbalife several times. The question is whether this whole bill ackman campaign is going to change it. Friday, we have the billionaire brawl. Is your back okay . Its itchy. Making me itch. Its going zero because of that. Monday, some kentucky they raid a place in kentucky. Its just weird because he seems to be saying that regulators really need to look again. I think whats happening whats really happening, the wind the scenes action is ackman and others are lobbying. Thats what this is all about. The question is how far that campaign is how successful its going to be. Yeah. We really need to know whether there are end users that just love that whatever it is, the crap that theyre pushing. We really need to know whether people swear by it or whether people swear at it and whether all those profits are from recruiting other people. Thats the bottom line. And we dont know the answer. We dont . Remember, we had the ceo on and he would not say what percentage of the business was for the first year people who come in, they try to sell the stuff and they fail. You need to know that. Once you know that, that will answer the ultimate question. We might get an answer from our next guest here. Lets get to the National Forecast from the weather channels eric fisher. Lose weight now, eric, ask me how. Do you know anything here . Youre gon going the to punt this completely. He doesnt need to lose weight. Im sorry, i dont have an answer for you here. You dont need to lose weight. You look good. Thank you. Ive been working out. Because hes not wearing a fricking picnic table clothe. Anyway, go ahead. This would be Brooks Brothers slim cut if anyone is interested in the shirt this morning. Impressive. The next 24 to 48 hours is probably going to be the busiest for weather in the month of january that weve seen. Will happen already look at the map here. Youve got thunderstorms across iowa, wisconsin and illinois this morning. Check the calendar. Its january 29. Thunderstorms across michigan, including grand rapids and saginaw. This is the beginning of whats going to be an active day for Severe Weather. If you step out the door, these arent forecast highs. These are current temperatures. Its in the mid 60s in missouri and little rock. 65 in jackson. Record highs starting to fall out there on the map. All that heat, humidity, this will lead to severe thunderstorms in a widespread outbreak of Severe Weather is in the forecast today from Central Illinois right on back into dallas and houston. A line of storms will start to develop and rate race off to the east tonight for that more crimson color, including nashville and down towards the gulf coast. Thats for tonight as that line marchs off towards the east. We could see several tornados today, maybe even strong tornados developing. Our tore conhere t weather channel, four out of ten around the arklatex and around alabama and mississippi as we head into the overnight. They are more deadly during the nighttime hours because most of us aasleep. Tomorrow, the line moves through atlanta and charlotte, richmond, maybe even washington, d. C. After ice over the weekend. We are into severe thunderstorms. And it will pour rain here around chicago, detroit, indianapolis, we could see 3 to 5 inches of rainfall and flooding in this part of the country. The ground froze last week because it was so cold. Now that ground is like concrete. The water falls off. In terms of the heat, just a sample of some cities. Wisconsin in the 50s today. Iowa in the 50s. Some cities have gone to the low 60s in iowa this morning. Down across florida, were in the 80s. Corpus christi could hit a high of 92 degrees this afternoon. The record is 86. Guys, it would just shatter the old record high. Eric, i had a friend who went to chicago and what was the who was the low in chicago and where is it now . Its like whats the i mean, its a huge spread, isnt there, like unheard of. It is. Chicago actually just got to 59, which ties the record high already this morning. And where was it three days ago . We had a high of i think 10 was the lowest High Temperature that we saw. Thats great. Im starting to be a believer in Climate Change because im seeing the weather change almost every day. Im just noticing that, the weather does change. So Climate Change is real. This is unusual and Climate Change is real because the climate is always changing. Yeah, exactly the question is what you dont like the weather, wait a minute and it changes. I really appreciate fully tha the weather does change all along. Youve been right, andrew. You call someone a murcurial they like the weather because the weather changes so much. Weather is known to change. Thats why i dont know if thats really that profound an idea. Mercury . It is. It is. And also to the element itself, which is very beautiful. You know, that mercury will go and i mean, youve seen terminator two, right . Learn something new every day here on squawk box. Dow. Yahoo s Fourth Quarter results beating the profits of 32 cents, 4 cents above estimates. Joining us from new york, anthony did you clementi from barclays. Hes their internet and media analyst. Strong results. The question is, how much credit are we going to give Marissa Mayer for this quarter . This was her first. Her first. How much of this is built in before she ever got there . I give her partial credit for getting new management in place. The new cf oo may have done some things that helped cost cutting and near term monitorzation of search. The quarter was characterized by margins beating, the buyback accelerating and the return of capital a big part of this story. And guidance was a little weaker than analyst thoughts. Some people thought the revenue projection was a little light. Right. Light in your mind, too . Yeah, right particularly on display. So display revenues driven by users and engagement. I think one of the bear cases on yahoo will be that the number of impressions or the number of ads sold, like the tv ratings in your guys business is down. Number of ads sold was down 10 in the quarter. What is Marissa Mayer going to do to rejuvenate and invigorate User Engagements . She has new products, probably an aggressive strategy. New product announcements accelerate throughout the year, mail, flicker, and those are the things that we need to see work. Thats where youre going to get this escape philosophy and the stock to the upside if she can create products. Anthony, the stock for 20. 90, whats your target on this thing . 22. So not much room to move, then . No. But i think its such a low multiple. I think it is in some ways a wait and see story because of its display revenue question. If they can get it to work, up theside is much, much greater. Is this an issue on the display side, is this an issue of market share . And im looking, back in 2009, yahoo led the market of all digital ad revenue when it came to display ads. Is this an issue of if they can get back a point or two, they win the game . It is. And i think its you know, there are new entrants. You look at facebook which you consider a big growing part of the market. And you look at the yahoo brands. Theyve come down. So yes, its a question of regaining market