Calls. Well talk more about david tepper and some others in just a moment. But first, andrew has a roundup of some of the mornings top stories. Andrew, that story is already here in the new york city area. I cant believe it. We needed it about a week ago. I dont know. Shocked me a bit this morning, whoa, back to work in the snow. Well, happy new year. You, too, happy new year. Fiat decided to buy the stake in chrysler it doesnt already own. This is all in cash. Once that deal closes, chrysler is committed to giving the trust an additional 700 million. The agreement ends months of tense negotiations. The deal means no chrysler ipo. Thats important because the ceo never wanted that. And phil lebeau will have more at the top of the hour. In our corporate news, mccow ka seeno has reeled a deal. Were going to talk more about the big business of gambling coming up at 7 40 eastern time. Cnbc is part of that and windsor media, an Investment Firm run by former yahoo chief terry stimble, its signing a separate partnership for news coverage. This takes effect today so youll be seeing some of these folks right here on cnbc. And theres been a lot of speculation about what this is going to look like for a long time. This ends a little bit of that. Joe, over to you. Did you see the clock strike midnight . I did see the clock strike midnight. I didnt. I fell asleep. That was my point, andrew. Youre there and youre like, this is new years coverage. For me, it was you know, and im always doing this schtick about being out of the loop of the younger people and stuff. Do you miss them . I dont really miss them, but i realized its a clear group of information. They were making fun of the tea party. Andrew even said it felt a little it was like i know how old people they must have looked, who is this dick clark guy . He likes that rock and roll music. But at least you stayed up and watched it. I fell asleep. Thats because you cant sleep when you i flipped around channels. Carson did a great job. I thought Ryan Seacrest did a great job. I i was up going to the bathroom. By the way, Carl Quintanilla said miley cyrus looked like b liberachi. Did you see the suit she had on . Yeah, i did. She had a lot of make yp on. I had to xoif with willie joel because his voice is different now. But miley cyrus painted. She just kept saying in i can have any type of year like i said last year, it was the greatest. Just sort of embraced, like that was all planned. She politic up wisplit up wi yeah, but we went from nothing to but i just noted that it was all digital and it was all facebook and twitter and young people doing all this. I dont know. I felt a little crotchty. Cathy and cathy and hoda . No, no, it was on that other channel. They chained each other to they put handcuffs on each other. Were going to lose our weather guy, which lets talk about this because its going to be affecting us all of us. Did you see what the temperature was in winnipeg . No. Same as mars. Its like an uninhabited planet. Up to 40 Million People are bracing for a winter storm today. Alex wallace joins us from the Weather Channel. Morning, alex. Good morning. You said it right. Its going to be impacting a lot of folks. No question about it. In fact, weve got winter alerts, winter storm warnings across the northeast and blizzard warnings south and east of boston and across long island. We work our way towards nassau and suffolk counties. With the snow and the wind, we could be talking about whiteout conditions where you cant see out there. It could she very, very tough to navigate. Basically, if you dont have to be out traveling here, that is your best bet. Seeing snow showers out there in and around boston trailing back across new york state right now. Theres more heavy snow out in the west talking about parts of understand incide indiana into illinois. Thats piling its way on in to the east. Now its moving its way through ohio. All the areas in the blue, thats where well find snow picking up in intensity. Well see the snow out there for us. Friday, it likes like most of the snow will be during the early part of the day and by the time we get into the even hours, it will be ending. How much will we see . There could be measuring some in feet. It will be a zone stretching across new york state. Again, stay away from the trfl aing if you dont have to. Back to you. All right, alex. That would be a lot. You said feet. I happen. The kids were off the last two weeks and they have their fingers crossed about tomorrow. Theyre going back for one day . Its like, god, i hope im off friday. Youve been off for two weeks. In Global Market news, chinese data suggesting the Worlds Largest economy could be slowing. Chinas factory activity pulled back in december. In the u. S. Today, a couple of economic reports of note. At 8 30 eastern, we get weekly yols jobless claims. At 10 00, we get ism manufacturing numbers. I think our board illustrate wrong. It says 7 00. I dont know. Normally christmas and new years dont fall on a wednesday. It messes up, i think, the first week of january indicator because these first two days dont really count. Does the first week start on monday . Maybe its from wednesday to thursday. If its thursday to thursday, were down 43. You cant no, but the statistics have always been based on i know. But in the first week, so goes the first month. As the first month, january, so goes the year. So its important what we do in the first week. Does thursday count or not . But if its counted for the past 50 or 80 years you think its included . We should take a look at it because its not the first time christmas has fallen on a wednesday. Maybe those were outlying years. I dont know. I am uncomfortable. As we head into 2014 and take a look at these investment opportunities, the wathe wall journal for to 14. The Hedge Fund Founder betts against the pressure metal. The firm made more than 100 million betting against gold prices. I think it closed between 1200 on tuesday. No, just over again. Meanwhile, david. Er tepper turned more bullish. They had a picture of him in the post. He looked like maybe he was a king. Maybe they had king robes on him and some crowns. A few brave investors scored huge. I read that today. So it was like you had to do Different Things to score huge. Two days ago, this journal, do you remember what it was . Boring funds served investors best. I think they both need since. But the point was wab boring, and then the next day, the this fancy work off off. Cohens numbers, 17 after the year. But thats after he paid his fees. But these are two, though. No, but his are like 2 and 20. And then the last one was not a pretty story. Was it under 10 . I think it might have been. I have to go back and look at the number. I dont know. Lets take a look at the markets this morning. Weve been watching the futures. As we mentioned, they are under pressure. Right now, dow futures down by 56 points below fair value. S p is off by 6. 5 points. Oil price these morning are up slightly. Up by just 3w7 cents. Thats just for wti crude, which is at 98. 49. The brent crude prices are down by about a penny. If you take a look at what is happening with the new year, the yield is at 3. 036 . If wonder where we head in 2013. If youre watching the dollar, it is stronger across the board, trading at 105 of 40 for the yes or no. Euro is at 1. 3697. And gold prices, i believe they were up. Up about 16 this morning. 1,218. 20 an ounce. I was pointing out on tuesday it looks like they were going to close at the lows. But it didnt. Should wige go across the po . Yeah. People in california when theyre watching carson daily, its 9 00 out there. Do we replay the do they watch the ball come sdoun . I sent a tweet out happy new year and then all these people wrote left coastist. I think thats a big drawback, but youre three hours behind everything. Id take it for the weather. Not if you tau the traffic you wouldnt. Ross, are you with us . He gets there five hours before us on the new year. But he probably thinks were missing out. But he has to live in england to do that. Ross, goss whats going on . We have dow here in europe, around about 7 to 3 decliners outpacing advancers at the moment yesterday. The ftse 100, down 15 over the course of the year. It was dragged lower. Its an underperformer because of basic resource sector. Today its down 0. 5 . We had some manufacturing data. 57. 3 in bres. Eurozone manufacturing pmis were concerned. The Xetra Dax Cac down 1 republicfully. And the ftse mib is currently down 0. 2 . Its outperformance because of that fiat deal. Fiat is at the top of the stoxx 600 today because around 4. 35 billion deal. That 41 stake with the united auto works up. Theyre committing a further 700 million to be paid over thee years. The question remains whether there will be enough to wipe the debt. Fiat stock, liked by the market, up 12. 5 at the moment. And a couple of retailers you might be expecting in focus post christmas sales, a gloomy season for many uk retailers, but there has been an outperformance from john lewis and rival house frazier, as well for you. Keel keep our eye out. Dlorg yen has been up at five year highs, too. Thats it for this particular. We have in some pictures for you for what new years eve was like in london. Its where i met joe. This is what it looks like. I saw that, ross. They didnt show the wheel immediately and then i saw the wheel. I hate that thing. You got nervous on that thing . Petrified. I dont like that. Hey, what was i going to say . I was going to ask you something else. Beautiful. What do they do before the wheel . What was sort of the London Bridge . Or was it ben . We never really had a place where we had a lot of fireworks. The key place for new years eve traditionally was trefalger square and people would just into the nnts finance. The other on thing its done is its taken care of edinburgh. They had the big fireworks display. Its called hulkamenie. That wheel was only supposed to be temporary, originally. I was living there at the time. That was great. We all ran to it. Is that the world fair or something . Was it the millennial wheel . The millennium wheel. It was only sponsored for a couple of years and they were supposed to take it down. But it was so popular, that they felt they would keep it. Thank you, ross. Weed, its in the news. This morning, the worlds favorite state licensed retailers are legally permitted to sell pot for recreational use. Some shops closed early because inventory was running low. No firm numbers yet on how much money was need in sales. And maybe we should do like the other things this is all guys standing in that line. I didnt see a single one. There. Two, i see two. Johnny carson always used to whenever he talked about his band, he looked over at all the guys and how is that now that its legal, you guys . Theyre hiding. You are getting old. I am. But when you have a couple of drinks, youre not necessarily changing your sobriety. Right . You might feel when you spoke a joint, you are going somewhere where you want to get. How do they even test you for its not even on the road . You need to just stay in your house, i think, dont you . Yes. People worry about kids coming home from school, people worry about driving. What about lung cancer . The former mayor bloomberg would not be happy. There were a lot of things he did where i thought he was high. I thought definitely he has to be stoned out of his mind for what he came up. Honestly, how would a trooper even noe f pulled you over . I think they can with a blood test. But are they going to be able to take a blood test right there on the scene and force you to do it . All the people going 5 Miles Per Hour on the highway sort of i would go long. Whoever makes visine, i would go long that company in denver. How about hostess. Twinkies, visine, that would be good. What was my candy of choice . Peanut m ms. Im honestly amazed. I never thought id see the day werent we supposed to wait until the next break to talk about this, though . No. We have some other things to talk about. Anyway, speaking of, you know, when you smoke pot, you get the munchies. Walmart has recalled donkey meat sold at some outlets in china. The decision comes after test showed the product donkey. Theres a lot of things you dont want in there, dog, probably, donkey, horse. But its weird that our friends that are animals we wont eat, but the ones that i mean, cows are pretty nice. Pigs are pretty nice. We feel bad about horses for some reason. I stopped eating pig for a while after charlottes web. Did you, really . Yeah. The other white meat. Even though you were at the deblasio thing i was in the front row. No, i was not there. His First Initiative is getting rid of the horse drawn carriage. Im personally upset about this. When i dont come here with jeeves, i get taken him in a horse drawn carriage. No, it is complicated. Look, there were some bad situations years ago with the horses. They got hit with cars . They have been taken care of. So there were issues, but now its in a highly regulated industry. There are a lot of people saying theyre beloved by their owners. So i dont know. But to me, its more of a priority issue. The other thing is, you know, follow the money. The reason he was behind this was because there was a huge lobbying group that is funded by these real estate guys who want to get rid of the carriages. So this is not do is she im suggesting that theres issues. This is what we were supposed to talk about in the next segment. I will tell you, if you get behind a horse that is having some digestive issues, its ooh. Coming up, a rescue for passengers stranded in the absent arctic, thats at issue. Michigan state wins the rose bowl, 2820. Plus, i wchd the winter classic. It was pretty cool with the snow building up. That was a family thing. It was great. Well be right back. Now listen to me, duck. I have an associate that met with, uh, an unfortunate accident. While hes been incapacitated, somebodys been paying him cash. Now, is this your doing . Aflac . Now, if i met with some such accident, would aflac pay me . Nice. This is your stop. [ male announcer ] find out what aflac can do for you and your family. Aflac . [ male announcer ]. At aflac. Com. Time now for the executive edge. The rescue of passengers from the ant arctic is under way. A helicopter is transporting them to a nearby australian vessel. It showed people heading towards that helicopter. The Russian Research ship has been trapped in ant arctic ice since christmas eve. Its not in danger and the 22 crew members will remain on board after the other passengers have been evacuated from the vessel. This has been a long time going. They had been waiting on this helicopter because there was a lot of fog and other conditions. The journal has an interesting take on it, a little bit tung and cheek that theyre getting rescued by fossil fuels. It has not been widely disseminated that this was a Global Warming expedition, the leader of the expedition wanted to show how much things have changed. The irony, it is rich that they were stuck and really, really stuck. But he still says that holding on to his definitely, everything is melting down there. This is old ice, he said. Im not sure what his point was. One of my new years resolutions is its just youre not supposed to tell your new years resolutions. No, youre right. You said it was okay if i didnt. I think its okay if you do. People can believe what they want to believe. The latest thing on drugs today in the Huffington Post is now another Research Group says if clouds are going to react differently so its going to be worse than theyve thought. So theyve ratcheted up the models. But theyre going after the year 2100 for when its going to be bad and theyve got a new number for how much heat is going to have gone up. And theyre fully comfortable with their model and predicting 2100. And no one questions, weve never been able to predict the futures. Its been very difficult to do that. Did i hear yao new years resolution . My new years resolution, people can believe that they want. Im not an evangelist. But my list of worries that are front and center, global warning is but your new years resolution is anybody can believe anything they want and youre not going to argue with them about it. But does that work . As far as me, thats one of the least prioritized worry that i have is Global Warming and carbon, co2. I like the new years resolution. You do . So people can go wild. But as years go by, unless it starts happening, please dont put the New York Times lead story. Weve got the 401 parts per million, 402 parts per million. I think youre risking your new years resolution. I am . All right. Sorry. Lets talk about the next story. Philanthropy made a come back in 2013 been the nations wealthiest owners gave more than 3. 4 billion to charity. That compares with just 11 of those gifts in 2012. The largest donation came from facebook go rounder mark sucker berg and his wife. The good news is this means that nonprofit organizations maybe can finally start to see some bit of a pick up. Its been a long, hard slog going back to 2008. Do we know what the silicone Valley Foundation does . No. But hes very involved. I think he teaches. He taught a class at an Elementary School or a high school there. Hes been very involved in the community. Did you see michelles piece . Which one . Caruso cabrera that she did for us on tuesday. It was the lead story in the daily news yesterday. Oh, on the pope. Yes. Front page. And the New York Post talked about it. Becky, i dont know if you i saw the story, actually, yes. But what they failed to the only comments that they quoted the pope on, andrew, were not the one that we read here, which go into a criticism of free market oh, you know, the daily mix made it sound ridiculous. Theyre talking about saying almost theyre pushing socialism as a means to an end to make a more fair world. I dont want to weight in on whether the pope is infallible or not. But the whole infallible question tore me says its different than when he says hes speaking with infallibility. I know that. But in this case, hes not infallible, because hes dead wrong on what he said about the free markets. New years resolution. Is Deblasio Catholic . I dont know. And im treading into an area that i dont know. By the bible did you see that . Yes. Where is it . I dont know. Did you see anyone lurking around hymn when he saw it afterwards. Hes a tall man because clinton looked short. He is a tall man. Hes kind of a