Performance that its seen in about two months. Energy and Technology Companies led the decline, many of 2013s strongest performers were down for the day. If youre taking a look this morning, youll see equities are indicated higher. Dow futures up by 26 points above fair value. S p up by close to two points. Oil looks to be a major market story. Yesterday there was a late day swoon triggered by the death cross. Thats when something you see the 50day average moving below the 200 day moving average. Its viewed as a bearish sign and you did see a big selloff. We saw wti crude falling all the way back down to 95 and change. This morning on, it is still down there, down another 17 cents to 95. 27. Had been close to 100 a barrel before. Also worth watching today, the 10 30 eastern report on natural gas inventories. Then we have the latest oil decline coming about a half hour later. On the economic agenda, we have the major automakers reporting. The number of vehicles that they sold in december tends to be a pretty difficult month. You have mike jackson that told us in the past christmas is a huge season for them. Phil lebeau and veteran auto reporter phil lagrossia will be joining us this morning. Later today, ben bernanke will be speaking at the America Economic association in philadelphia. Many people are looking at this as the chairmans farewell address, so people will be watching closely. Steve liesman will join us from philadelphia with the nbpr chairman. Andrew, good morning. Good morning. Got a little bit of Corporate News on this snowy day. Let me tell you about it. Boeing machinists will be voting today on a contract tied to the 777x. The deal would concede some Pension Health care benefits in order to secure assembly of the companys new airplane in washington. Boeing has been exploring building that elsewhere after the Union Rejected the contract last year. Facebook rejecting a Class Action Lawsuit. The plaintiffs alleged the social network systemically monitors private messages and hairs that information to marketers. Facebook says the allegations are without merit. Going the has faced similar lawsuits for same issues. Fireeye has now acquired forensic specialist mandiant for about 1 billion. Its best known for revealing that military hacking attacks on u. S. Company. Analysts say the deal is bringing together two of the most respected ceos in the industry. David dewalt and devin mandia will join us live at 6 50. Are those guys coming here in the snow or are we going to get them remotely, do you know . You would think we got like eight feet of snow. I cant imagine that they would be coming here. I cant imagine anyone would even have the courage to open their door on this day. If you listen to the radio, these people in new york. But i have a question. How does my computer know that theres snow and its not supposed to work . Is it really booking . I cant get outlook. I cant get these other names. Stayed home this morning. I didnt have any coffee. Oh, boy, youre going to be grouchy. So my first grouchiness is this stupid death cross has predicted 15 out of the last two selloffs. Last year we had that stupid death no, no, the selloff was yesterday but there are people saying this was a one off event. We had death crosses about ten times last year and a couple the year before. Art cashin was saying yetd yesterday, this doesnt mean its going to happen over the number of days. Theres some weird activity. But we reported on the death crosses last year. We were up 30 . So before you get our computers are so screwed up. Now my computer is joes security. Are you guys marrying each other . You dont want to be careful. You didnt even know those websites existed, did you . Doing some pretty no. Early in the morning. I thought you knew to use incognito. Youre doing it straight up on explorer there. Im watching all of our promo things, all of our little commercials. I saw carls. Hes a boxer. I saw yours this morning, by the way. Cramer is waiting on people at a bed breakfast. I have to go and stay over there. More, more coffee. Can you imagine asking for cramer for more coffee . Does he do that every morning . These eggs are a little runny. I said overmedium. I would love to do that. Simon is does the offer does he offer stock advice when hes bringing you the coffee . Thats a good point. No one works harsher. That is true, actually. I felt badly this morning because i didnt super early, too. He was talking about working harder and i said yesterday i wanted to be able to do what i did with a broker, just talk about business, but just waste time. And im thinking, wow, thats different than really working hard. Anyway, lets get back to this nasty winter storm. I lived in colorado. You know, its nasty out there, but how long did it take you to get here . It took a while. I had a great driver. I was ready to take i was going to take penelopes car in here. It has fourwheeldrive. I left a lot earlier this morning. Got the cars cleaned off. Thats the first time thats happened in the entire time ive lived here. I dont want to no, im not. Ive got to take what i can get. Why is this happening . My computer is not working. Anyway, its a big storm. If you havent heard of this storm, i dont know, your power must be out. But then your power is out because of the storm because you know about it but you cant hear me now because your power is out. Anyway, parts of new england have seen as much as 20 inches of snow. The Weather Channels jim cantore has tried to find the worst looking place to be standing right now. Thats what these guys do. Look at that, hes being blown back by the wind. Jim cantore, good morning. Joe, im moving because i dont want to freeze in place. Its kind of the back and forth bobble in through here. Tell cramer, if he wants to wake up, he needs to come out here. This will wake you up, baby, i promise. First of all, im ride by the ocean and its 11 degree. Ive covered tons of storms in new england, but you never really get that kind of cold accompanied with snow at one inch an hour here. Weve had at least 14 inches here in downtown boston. Joe, youre a skier, you love this stuff. Its like fluffy pixie dust owe out here. Zero visibility. With these windchill webs its awful to be out here. Just ask my cameraman. This is the deal with the storm. Its going to pull out later on today. We should improve today. Remember those planes that happen supposed to get in this morning will not be there for the afternoon flights. We expect a lot of cancellations. Once again, we had over 8,000 delays and cancellations yesterday nationwide. 8,000 delays and cancellations. That is incredible. Obviously, the bulk of those coming in and out of ohare. We have another one coming through. We may get rain out of that one as we go into sunday. Monday and tuesday, some of the worst weather that weve seen in terms of cold makes its way down to the midwest. Chicago, the record setting high temperature. In other words, how cold has it gotten during the day . Minus 11. Thats the cold record low maximum. We could be, actually, breaking that. And then theres cold. Football in green bay, could be the second gold eest game ever. That will make folks appreciate being out in the stands, im sure. You know, i understand this sets a lot of people back and theres some danger involved and everything. But i kind of like it and you know the thing that you pointed out, and when i went out this morning, stuff blow its blew in, it all comes in. And its like, shut up so i can get back in the truck. But that means when it stops snowing, if the wind is blowing, its going to seem like its snowing all day long, right . Exactly. Thats the danger of the whole thing. Ive been in situations where the sun is out, blue sky, youre driving along, whiteout positions. Some of these areas have gotting about 44 . How much snow can i squeeze out of water . It has some in this case, its about 30 inches. Im trying, but nothing. Would they delay the super bowl if it was this weekend . Theyve got plans to possibly do this. Yeah. The super bowl deal is, if we honestly, if we get a crippling storm like this in new england, i think they would delay it. And the pattern may change towards the middle later part of the month. Thats the long range outlook right now. We could get a january thaw. Should that time its way towards the super bowl, i think that would be interesting. And, jim, we like to say we like if we get a crippling storm in new jersey, the super bowl will be affected because its really not in new york. I know a lot of new york sent rick people you got me, brother. You got me there. Well see with all the flack. Thank you. Go warm up. My pleasure. Youve got to get kudos for hes going to get kudos for handling this. I hear its down to the blacktop in new york. That is not true. I was just there. Hes going to get kudos. This was not like this morning, the radio was complaining because at 4 30 they were saying new York City Schools will be open this morning because they havent bothered to cancel them yet. They have canceled them, havent they . They canceled them at about 5 00 this morning. What youre going to hear is progressive can its not all obama care. They can manage situations. That is the first thing you hear. Remember bloomberg kind of blindsided him. He will be clearing side streets before he gets to the fdr. Progressive is better at managing through snow than the business oriented i cant wait to get to our ceo piece. Lets get to this. I cant wait until you get your coffee. Im not complaining. In market news, activist investor and Hedge Fund Manager dan loeb beat most of his rivals last year. His Flagship Fund returning 25. 2 . Wow. He kept pace with the index for only two and 20. Loeb said the bulk on his debt are on large u. S. Stocks opinion expected to give more details when he releases his Fourth Quarter letter. Give me just a second. He releases that letter to investors in the next few weeks. Theres no sweetener in there. Thank you. Theres no sweetener. I think i need a yes, please. Im calling my agent. Im getting the swede ner because i want to get a coffee, too. Go for it. Theres no sweetener, mac . Seriously . No, wait a minute. What is that, sweet and no, no, i need equal. No, im kidding. Thats swimming with sharks. Great. Whatever the guy brings them, he needs the other. Joe, i can help you. Thank you. Do you want some equal . No, im fine. Im kidding. Here is some equal. Here you go. Im going to mix and match. Lovely. Sorry. A watchdog for the Labor Department says the agency needs to improve how it releases the jobs data. Labor should either tighten the procedures that it used to release market Sensitive Data to the media or scrap them altogether and then distranscript the data directly to the public the. A panel was reviewing the process in an effort to prevent the possibility that some investors could have an unfair advantage if they got that data first, which is always always something that you dont want to happen. Do you have a preference . Theaters have gotten faster. I just drink hot water right now with lemon. Very good. No, so you dont care, splenda, equal . I dont use any sweetener. How about you . No sweetener. Okay. Sissy. Lets check on the markets this morning. If you take a look at the futures, you will see they are indicated higher. This comes after a pretty poor performance. Yesterday, the dow was down 135 points. The s p was off by 16 points. This is the first time in six years that stocks fell on the first trading day of the year. This morning been you see the futures are higher. Dow up by 26 points above fair value. S p up by 11. 8. Oil prices, as joe was talking about, oil fell 0. 32 . This morning, its down another 16 cents. That death cross is what people were blaming it on. I dont think this is the story were going to be talking about next week. But you can see right now, crude oil are at 95. 29. Then again, were due. 08 was a bad year, wasnt it . Yeah. But there was a reason for that. That was the recession and people stopped if the market goes down first in anticipating something that is coming. Do you think the economy is taking a turn for the worst . I hope not. I hope not. That would certainly be out of the consensus. But weve made that point before. It may not be that people arent worried the economy is going to recover. It may be that the markets run up so much that it doesnt make sense. Thats the wedge, the fed wedge. Is that whats going on here . What are you looking for . Im looking for a stirrer. Ats service here. High maintenance. You know who we need now . Cramer. Ive seen he is at the beck and call of people youre going to go there, arent you . Im going to go there. Nightmare customer, look out, jim. Just faking, jim . Joe, turn around. Look at the service youre getting. Thank you. Thanks, mac. Was this over there . No. Where did you get it . From the garbage can. Thank you. All right. The tenyear note yesterday started the year at a 2 1 2 year high. It remained around 3 for most of the session. This morning, its sitting just below that at 2. 992 . The dollar was better across the board. Its up against against the euro at 1. 3647. Its down against the yen at 104. 44. Its down against the pound, too. Gold prices rallied nearly 2 yesterday, the biggest gain in three weeks. That came after it posted its worst year in 32 years for gold. This morning, it is up by about 36. 1,231. 90. Growth in chinas Services Sector fell to a fourmonth low in december. Business expectations dropped. Now we get to london and Ross Westgate and, ross, were complaining about the cold here. How are you feeling this morning . Were okay. Were a little wet in the uk. We have storms coming in with high tides and a risk of flooding. But we used a bit of rain, as you know here in london, becky. Meanwhile, lightly warmer. Were weighted to the upside, a little bit more than seven to three, advancers outpacing decliners on the Dow Jones Stoxx 600. Translating into slower gains this morning. The ftse 1 00 currently not doing too badly. Just off 0. 1 . The standout stock is next. Sales up nearly 12 . November the 1st to december the 24th. Theyve raised the annual profit forecast, as well. Next step stock up 8. 5 this morning. Xetra dax and the cac 40 up 0. 25 each. And the ibex up 0. 4 . While that is done, it has pushed the spread between spanish debt and german bunch to under 200 basis points. Its the first time weve seen that since mid 2011. There will be some debate about what happens as u. S. Yields continue to rise about what happens to this space. But below 4 , thats helped out italy, as well. We have quite a lot of data out of the uk, as well. Gilt yields still above 3 . Uk mortgage approval up at a fiveyear high. House prices, according to the nationwide building society, up 8. 4 year on year. But there was a big drop in lending to large firms, down 4. 7 billion, which the bank of england has yesterday to explain. So well see whether that maintains a train, as well, into next year. There is a lot of wind and rain and risk of flooding, as well. Thats what weve got. Back to you guys. Okay, ross. Thank you. Were all right. Once youre here, its fine, right . Yeah. Not a lot of snow. Yeah, now. You get more rain, right, in the on yeah. In the uk, yeah. Okay. Kind of fun. You have to watch simons thing, ross. Lets sing the american dream. Its also a better place. Its nice. Its inspirational. Maybe some day, ross, if all your dreams come true, you might be able to come over here for more than just a visit. Coming up, you have to tune into this to see if we Say Something that ends up having one of us fired. Why a good looking ceo could mean bigger returns for your portfolio. Im going to let you handle this. Im ready. And the person they mention here is Marissa Mayer. Im very excited to talk about this. This is absurd. Its totally inappropriate. Theres nothing inappropriate about it. Okay. Fine. You handle it. First, on squawk sports news, this was im really happy about this. I dont know why. I guess maybe theres too much alabama, too much s. E. C. , but oklahoma, 11th ranked oklahoma defeated number three, alabama. That makes us happy that auburn won and is going to face Florida State because maybe alabama isnt as good as we thought. Trevor knight completed 32 of 44 passes for 348 yards, 4 touchdowns, a. J. Mckaren threw for 387 yards and two tds. But he had two interceptions, and lost a fumble that was returned for a touchdown in the closing seconds. So here we go. Oklahoma. [ male announcer ] this is the story of the little room over the pizza place at 315 chestnut street. The modest first floor bedroom in tallinn, estonia and the dusty basement at 1406 35th street. It is the story of the old dining room table at 25th and hoffman avenue. The southbound bus barreling down i95. And the second floor above the strip mall at roble and el camino. This magic moment it is the story of where every great idea begins. So different and so new where those with endless vision and an equal amount of audaciousness believed they had the power to do more. Time and time again. And then, it happened at dell, were honored to be part of some of the worlds great stories. Stories that began much the same way ours did. In a little dorm room 2713. This magic moment welcome back, everybody. Its time for the executive edge. If you want bigger returns, maybe you should look for a good looking ceo. Better returns on their first days on the job and they boost Stock Performance when they appear to television according to a report. Two economists at the university of wisconsin rated 2 attractiveness of 677 ceos from s p 500 Companies Based on facial geometry. I dont know, guys, what do you think . So, joe doesnt you dont want to go there. Ill go only go one place. I know this to be true in the case of Brian Roberts and steve burke. Thats all im really willing to very handsome men. Yeah. All the way down through the entire organization, hoffman and pat, all of them. Extremely attractive. And very symmetrical. Perfect. And one other guy that we always mention, lundgren. I was going to say lundgren. But how do you explain jack welch . Just kidding, jack. We love you. We love you. The greatest ceo of all times, not exactly george clooney, but he has his own appeal. You know what it is . The patient sympathy etry, like Angelina Jolie has a really symmetrical face. Shes not a ceo. No, but its i dont think brad pitt would be a very good ceo. No. But the point is, historically weve elected people who are attractive. We e