0. 4 . Then this afternoon, well get the feds beige book. As for earnings central, bank of america is expected to post earnings of revenue of 20. 2 billion. Other corporate headlines for you, General Motors, theyre going to be paying their first Quarterly Dividend on its common stock in almost six years. The stock rising on news in extended trading. Lets go now from autos if we can to air lines. A japan air boeing 787 now grounded at together yoeps ae airport today. Regulators there are demanding checks to see if the aircraft is fit to fly. Yesterday, white smoke vented apparently from the plane in a battery shell showing signs of melting. Boeing says the problem was discovered during scheduled maintenance. And the good news, no passengers were on board. On wall street, a Federal Reserve official is going to be telling lawmakers that regulators expected to write more rules. So all of the Big Department about Goldman Sachs carrying aluminum around. The rule could include higher Capital Requirements for banks engaeged in those markets or perhaps a prohibition on specific risky holdings. The feds director of Bank Supervision and regulation will testify before a Congressional Panel on that and were going be following that one today. Joe, over to you. Andrew, is that a good depend depend or not are a good dividend for gm . Ill take any dividendividen. No, normally companies will come back and institute a dif send of 5 cents a quarter, 10 cents a quarter. This comes right in at 30 cents a quarter. Thats 1. 20 a year on 40 is a 3 yield right out of the box. Im using your math, but if its four times 30 is 1. 20 divided by 40. So thats what i would v put in at the end of the story is it immediately goes to 3 . To go right to a 1300 yield on as many is amazing. Eunice yoon is sitting down with apples tim cook. She involves satellites and all kinds of stuff. Ive got my fingers crossed. Are you ready way over there . Like youre on the other side of the world, eunice. I am. Yeah, definitely. And expecting a lot of excitement. I did sit down with both of those two men. There are a lot of good feelings all the way around. The china mobile chairman was going to say now hes going to switch to using an iphone. Tim cook apparently gave him his very own iphone that was made for china mobile. Overall, they were saying they were very confident and optimistic about the release of the iphone which is going to hit china no mobile stores this friday. This is what they had to say. Its a watershed day for apple. Its a huge announcement. Im so honored to be doing business with chairman xi and china mobile. They have the largest network. Were incredible i impressed with them. We have deep respect for them. And have had from the very first discussion that weve had together. We see this as bringing the worlds best smartphone to the very largest and now the Fastest Network in china. Last year, we were able to work with the government authorities to be able to launch china at the same time that we launched every other country. And the result of doing that, im going to tell you, although we havent released our total results, we sold more iphone units last quarter in Greater China than ever before. And so we see that momentum and the announcement with china mobile today as just being able to continue continuing the momentum that weve really been building for the last three or four years or so in china. It is a very key market for us. Mr. Cook, i see ranges from between 10 million to 30 million in additional new iphones that could be sold because of this deal. Just this year. What estimates sounds fair to you . Look, we play for the longterm. And i see this announcement today as being one of those very key milestones in doing great stuff over the longterm for our customers and our shareholders and our employees. And that is the way i look at it and dont so ill let others predict the numbers. How competitive is your pricing compared to your rivals of China Telecom and china in unicom. Translator in todays views, our pricing is a bit more than our competitors, but i still believe its very attractive. You asked about numbers on tim cook, i condition tell you completely, but since december 11th, when people didnt know pricing, we had 1. 2 million preorders. This is very encouraging. And were still waiting for details on the subsidies for china mobile. Thats going to determine whether or not people are going to upgrade to the iphone or maybe if thooir theyre going to leave china unicome or China Telecom in order to come to china mobile for better pricing. But those subsidy numbers are not going to be coming out until the annual results for china mobile in march. Guys, China Telecom and china unicom in the run up to this cut their prices. So were seeing more competition. And tim cook gave you guys a shout out during the interview like right after the interview. He said, hey, dont forget, please say hello to becky and andrew and joe. There you go. Okay. Still sad about my he did, he dwb he did. I didnt get a christmas card. These two god go the christmas cards. Yes, he sent you one. It got lost in the mail. Check is in the mail. Check is in the mail. I believe him. Theres no way he would have sent one to two of us and not to all three of us. I would think so. Youre the blackberry you know no, i got an iphone. Finally, after i begged you, urged you, changed my alliance. I bet i have more apps than you do. No way. We have two maces, three we have about i have two kids. Each one of them both have a mac book and they both have do i kneed not get to win this game for being with apple first . No. No. I get nothing . No. I had it before anybody here. Its very helpful when we get stuck on things, helping us fix things. And you know what your you know what youre helpful for . Explaining to me these liberal Progressive Side of all these issues because if you can explain fete knew taneutrality i think its interesting. What was the idea of thinking that was the way to do things in the first place where you cant decide how much to because its a utility. It would be quicker to drive down prices. Thats the argument. Thats the argument that its a utility and but its ridiculous. Innovation that has taken this i would have thought you would be all over this. The innovation that has taken place in this country as a no, no, thats not why. Is remarkable. Income opportunity, this is like this is what the kid in the garage start his Little Internet Company thats fine, but now this is pure price fixing. Read the wall street journals lead editorial. Why would you decide how much someone who does this can charge thats like says you need to pay the same price for all the cable channels in the world. Why shouldnt netflix pay more with all the heavy use that its using . And this is for comcast to be able to charge. Look, all im going to suggest is in the last decade, the amount of innovation that has taken place the large part a hold on. If ten years ago it was possible for a versiizon or a comcast to charge a goggle or a netflix or whomever, it is not clear to me that you would have had the type of innovation because the little guys craving these awesome new apps wouldnt have been able to afford the prices that the big guys wantsed to charge. This created a huge amount of innovation in this country and jobs. And jobs. Come on. I would have thought you would be all over this. I am all over this. I just cant believe the larger reality is that the internet has succeeded in bringing an entire new world to consumers under the light regulatory model that we colonelcolonel currently have. The biggest objestacle would be read this entire but they created the giants in silicone valley. They created the giants, but the opposite will happen if you start charging. Because guess what happens . The next time i want to create netflix, i now not only have to have the light bulk go off in my head to create this idea, i have to have enough money in the bank to compete against netflixs who is going to be paying some like Net Neutrality because it cant charge google more for using more capacity at high speed. This makes no more economic sense than having a Cable Company charge more even if you have more channels and back to the idea with the utility, thats kind of the way they set up this with Net Neutrality, anyway. Its in your dna. No, theres part of me that says yes. Right now, if you use gogo, theyll charge you a certain price for what they call basic internet. If you want super fast, its like going to a hotel. You would do that. So i get it. By the way, even at home, time warner, you pay more for higher if you dont want to pay it, then dont pay it. Its all part of market pricing. I dont disagree with that. Why isnt everything a utility if it works better that way . But its also allowing things to develop and then saying maybe this works for a while, but at this point its antiquated and its the holy grail. I used to agree that the the scc is why are you on internet taxes . I used to think internet retailers shouldnt pay them. Now i think they should because they get to its going to say no taxes. It should be an equal playing field. If youre going to get rid of them for all, you should get rid of it for them all. Its where the biggest growth is coming. Can i ask eunice one more question before she goes ahead . Is she still here . Well be back with her in the next hour. And were going to be joined by Walter Isaacson later. As you know, he was the biographer of yeah, he will, but it was a time. Its going to be im sure youre simpatico in this case. Maybe not. Im not so sure about that. Lets talk about the world bank for a second. Because they say now Global Growth is set to accelerate this year. Thats the good news as advanced economies turn a corner five years after the Global Financial crisis. Growth projected now to strengthen to 3. 2 this year. Thats the number. And 3. 4 in 2015. The world banks andrew burns is going to join us with more on all of that coming up at 650 eastern time. In the meantime, lets go across the pond. Our good friend Ross Westgate is standing by in london. Ross. Andrew. Very good morning to you. Equities here in europe are trading higher at the moment three hours into the trading session. 7 to 3 advancers outpacing decliners at the moment on the Dow Jones Stoxx 600. And were up near the session high. The ftse yesterday was just up some 9 points. It was down, got turned around by the turn around in u. S. Equities. It was currently up another 20. George osborne this morning, the chancellor has been laying out his ideas about how we need to reform the European Union both in terms of its economic competitiveness and its constitution, as well. The uk is facing a referendum sometime in 2017 if this current government is reelected on whether they should stay in the eu. World bank report helping a bit, as well. Break down the sectors this morning. Theres only one thats negative and thats food and beverages, off 0. 5 . Otherwise, very much weighted to the upside. Doing fairly well, banks, insurance and resources. Thats the impact of the World Bank Support up 0. 9 . Its down from 14 , the world performer in 2013, resources. And burberry posted a 14 rise in its underlying retail revenue. That beats expectations. The company, though, has still warned that at current levels, Exchange Rates will be a significant headwind. But right now, burberry stock up some 5 . The last set of results under angela orange. Thats where we stand right now in europe. Back to you. Thank you, ross. I said to andrew, this is a in your face, i buried you. Because president obama made Net Neutrality one of his key promises in 2008, that proves that its not pro business or pro free markets. That proves to you beyond any shadow of a doubt just that does it not . It buries you. It adds to your argument. Thats about as far as in your face, sorkin. You care about did i just not show you . How could it possibly be pro business and not pro market . The last thing i thought we would spend the morning arguing about is Net Neutrality. Coming up two against one again. How does that happen . How the National Security agency has found its way into a thousand computers around the here is one that were probably not going to agree on, also. You know what . I leave this stuff up to the experts. Im fine with you. You are . Lets talk about it. Computers around the world using radio frequencies, putting the place like a mile away from where the computers are. And well have a key vote on unionzation at a well known tech i have trouble even saying that. First, as we head to break, the National Forecast with the weather channels alex wallace. Hey, alex. Good morning to you. A lot of us in the east waking up to foggy conditions. Visibility is down in places like d. C. To an eighth of a mile. Its really tough out there this morning. Give yourself extra time and extra distance. You can see the dense fog advisories extend from the carolinas up into parts of new england. So, again, a slow it down morning. Should see that clearing out this morning into the afternoon. Meanwhile, snow showers back into the upper midwest. Youve got another system diving in. Its like some of the higher totals will be up into the u. P. Of michigan. Higher, were talking 5 to 8 inches on the higher end of the scale here. Otherwise, a general swap of about 1 to 3 inches of that snow. As we look towards the end of the week, get ready for more cold air to infiltrate the east. With the moisture coming in, end of the weekend could see snow across parts of new england. Right now, it doesnt look like it will be a major deal. Thats your National Forecast. More squawk box coming up next. Than its german competito. And that is the moment that driving the lexus gs will shift your perception. This is the pursuit of perfection. [ male announcer ] this is the story of the dusty basement at 1406 35th street the old dining table at 25th and hoffman. And the little room above the strip mall off roble avenue. This magic moment it is the story of where every great idea begins. And of those who believed they had the power to do more. Dell is honored to be part of some of the worlds great stories. That began much the same way ours did. In a little dorm room 2713. This magic moment welcome back. The New York Times is reporting the nsa has implanted software in around 100 computers around the world. It allow tess u. S. To create a digital highway for launching cyber attacks. The agency has used this Technology Since at least 2008. The process relies on a covert channel of radio waves that could be transmitted from tiny Circuit Boards and usb cards inserted into the computers. Gentlemen. I am okay with this. I cant get that excited about it. The only thing i get excited about or anxious about is actually that now our enemies know we do this, which i assume they have they must have known. Im leaving this up to the experts because i didnt know we were doing this. But its been going on for a while. One of our most frequent targets are the chinese army which we know have launched regularly digital probes and attacks on our companies here. I think i would be upset if we arent doing it. We are doing it and the chinese have complained that were doing it to them, but theyre already doing it to us because weve complained to them at the president ial level that theyre doing it to us. But theyre doing it to take trade secrets and intellectual property. Were doing it to their army for a defensive posture. We should be doing it for thinks bess, as well. No, the nsa has come out and said were not stealing those secrets and ghifg them over to our corporations. Are you sure . Thats what the nsa says. They say this is like the cat and mouse game that we used to play with the soviets, that this is a similar type of thing. Isnt it terminal pricing, though . If we can we probably are and we dont know right away, but when you finally find out, we actually were. Does that make any sense . Were doing it. And i think they say it over there. Absolutely not. Im leaving this up to the experts. Lets transition to the next story. There was a small group of amazon one of its delaware warehouses that will vote today on labor union representation. This could establish the first ever labor union establishment. Its roughly 30 voting workers who are convict technicians and mechanics. A Union Spokesman says this is not about wages. The workers are said to want help negotiating for things like promotion policies and the possibility of a safety committee. I dont know enough about what goes on. Ive read about some of these stories. One of the facilities was too hot. They didnt have enough its very, very challenging work trying to get this done in the amount of time they have to do each one. I dont know enough about whether this is going to help. There is a lot in effect, obviously. I wasnt aware that amazon in this country is making workers foil under circumstances that are less than there were a couple documented cases. Some guy, in new jersey, owned by amazon died. You can probably, you know, just bring up one instance. My aunt worked at one. It was not an amazon facility. But these warehouses are huge buildings, sometimes very cold in the winter and a lot of hot in the summer. Trying to do things and do things quickly is an issue. You look at private sector unions over the years. I dont think most places are going to be like mckenzian work environments with 16 hour days and child labor. I dont know. Yoj its that common with service laws and but if we had a majority of the employees in this place that want to unionize it, they would unionize it. That force workers to pay in to support a specific party. Amazon has always been a good payer. Interestingly, in this case, theyre not going after higher wages. I hope the plumber i call has had some training, some woodwo