Transcripts For CNBC Squawk Box 20140219 : vimarsana.com

Moscow are obviously watching the situation very carefully on that epicenter of resistance after a night of street battles between protesters. The pictures are amazing. Theyre throwing stones, clubs, molitov cocktails, all of them trying to hold their grounds in those hours but being slowly pushed back this morning by riot police themselves using flash bangs or stun grenades and water cann cannons. Much of the square, more than half of it, while some protesters seem to have taken refuge behind reinforced barricades and behind their bonfires. The number of injured is in the 200s. We understand some 250 seriously wounded are being treated in the hospitals. Also, one local ukrainian journalist has reportedly been shot and killed in that melee, as well. Becky, back to you. One of the questions we wonder and youre watching from moscow where they are keeping track of the situation closely, is there a sense that anyone else might get involved in this or is this people watching from afar still at this point . Well, certainly the western countries, the United States, European Union, theyre trying to get involved in terms of stopping the violence. There have been a number of calles and also most recently from Vice President joe biden who called victor yanakovic personally to get him to pull back, to get both sides to the negotiating table. But its really hard to see now, after whats occurred, how thats going to happen. There was an 11th hour meeting between you try something for 12 years. Will mourdock get it and move onto the semifinal . This is a precise shot. Clips it and he got it David Mourdock is going to the semis that was David Mourdocks final shot against norway yesterday. Mourdock could have opted to draw for one and send the game into an extra end. Instead he played the one back double for the win. He made it and put Great Britain into the semis against sweden. The swedes are the top seed after going 81. We will have sweden Great Britain for you at about 2 20 on msnbc. 5 00 eastern, canada and china. Canada looking for its Third Straight olympic gold. China has never won a mens olympic curling medal. They look very tough here. Well get you back to the ice cube for more live curling after this. Announcer the xxii winter Olympic Games on the networks of nbc are brought to you by Liberty Mutual insurance. By jcpenney, when it fits, you feel it. By kelloggs, from great starts come great things. And by chevrolet, find new roads. Ukraine. Were going to hear what athletes and individuals there say about all this. Meantime, lets get you some Global Markets news. The nasdaq closing at a 15year high. Now up for eight straight sessions, the longest winning streak since july. Take a look at futures ahead of that open. The dow looks like it would open down. The nasdaq would open off about 6 points and the s p 500 looking like it would open off about 4 points, as well, right about now. We have a busy day ahead on the economic front. Here is whats going on on the agenda. Januarys Producer Price index and Housing Starts are coming at 8 30 eastern time. Then this afternoon, minutes from last months fed meeting and an Important Note on ppi, its been revamped. The headline number has been broadened to include services and construction and will now be referred to as ppi final demand. What . I dont even know what that means, ppi final demand. But the one friday morning, do you think whats coming on friday morning . No. The fed minutes from 2008. Hmmm. The transcripts of all of the meetings. Remember, last year they gave occupy the 2007 ones and i think you could finally see for me this is a transcript of what was said around the table . These were the transcripts said at all of those fomc meetings, youll be able to look, around bear stearns, lehman brothers, and it will be interesting, but i will say weve had bullard and others who said when they knew it was being recorded when greenspan started doing that, it was more honest conversation. Once they found out it was being recorded, people changed what they said around the table. Not a minute too soon. Are they releasing it so we can sdooi decide on our top to 25 . Bingo. Because we dont know now, bernanke versus greenspan, versus so now this end, canada on top by 2. Grit britain throwing this stone here has the hammer. The last rock advantage in the fifth. Womens semifinal game. The winner moves onto the gold medal match tomorrow here at the ice cube curling center. Nice stone there from vicki adams. Vickis playing very well today. Makes a good double there. Does roll behind the canadian guard a short distance there so theyll be able to play the run back. I like that sign. Eve muirhead, the lady of the rings. Makes the run back. The target rock goes rolling across the rings and now eve muirhead will have anna sloan try and get underneath that lone corner guard to set up another deuce. Whoa whoa whoa were good. Early on on that rock anna said that it was picking, starting to move a lot more. They were able to get it around. I think we saved it. Not really sure what that discussion was about. She wasnt sure that it was ticking in her hand. A lot of times as the player sliding out they can actually feel it run over some debris and they can kind of jiggle the rock around and free it up. We saw Jeff Isaacson for the u. S. Men last week nearly fall over the way the rock was moving, and he was able to steady himself and still throw a pretty good stone. Actually, if you get some sand, a piece of grit, the stone will actually try to stop in your hand so you have to really push it and get it loose. Ive even seen players actually rock the stone to get the running surface off the ice to get that debris loose. Canadas rocks sliding in. They wanted to freeze to the nose of that rock a little more. Anna will try to duplicate her throw there without picking. They need this to curl up. Shes trying but shes going to tap and roll off and thats not going to help their cause. Digs appointment on anna sloans face. I thought we played it safe. It was because it was such a roller. Skip stones remain. Two for jones, two for muirhead. Great britain with the last rock advantage here in the fifth end. This is the fifth time this season these two teams have met, and muirhead won three of the first four. The only one she did not win was here in sochi. During the round robin, a 96 win for team canada and Jennifer Jones. Team canada wants to roll away a little bit with the shooter, but its over curling and theyll match that pair right up in the four foot. Expect eve will come down and tap team canadas steen back, try and create a pocket. Eve decided against the pass. Eve is so thorough in talking to her teammates on the ice that she gives us with the microphone exactly what shes thinking. Little better interpretation of the scottish vernacular than the other teams here. She calls for barrier weight, which is board weight. This looks like a little more than that. Needs to curl up. She just hits the nose. She wanted to get a little roll over in front of the yellowstone making it harder for jen jones to remove it. Again, just over thrown a little bit preventing it from curling as much as they wanted. So well have an open hit for jennifer. Pretty difficult for team canada to get this red stone out and leave their shooter in a position where eve wont have a shot for 1. Now jen jones feeling a little bit of grit maybe underneath the stones. She will reset in the hack. Yeah. You heard her mention to her sweepers, keep your brooms down. Often when theres a few picks in a game, they get a little nervous that theres more debris out there. Hard hard hard hard this rock curling quite a bit. Is she by the guard . She is. But is she going to stay . It rolls to third shot. Can eve muirhead come down and tap them out for 2 . Youve got an edge in that set. Think its there . Shes asking her team, how much can be seen. Barely got anything. Youve actually got like a fingernails worth. Well, she flirted with the idea but a fingernails worth is not a very large target although now anna sloan is i think the tap is there. I actually do. So eve is looking at this shot again. She initially looked at it. The team said you cant see enough of it. Team gb bench. Theyve decided to drop it initially. Eve went and looked at it and said, no, i think its there so shes going for the tap there. The nice thing about this decision is that if you play it correctly, you can play it safe enough that youll always get your 1. She can come down and tap that yellowstone and roll her shooter into the four foot for the 1. Then you play it close enough to the guard to get your 2. Interesting decision here. The final stone of the fifth end. Whoa whoa whoa, anna whoa just clears the guard. Is it going to curl up enough . I dont think so. No. 1 for Great Britain and weve reached the fifth end break. Canada has a 43 lead. Herbalif. Is it spices and herbs or is it herbs . Thats why you get confused. Herbalife, like the stuff in Nutrition Products posted pe betterthanexpected earnings and revenues. China sales rose more than 120 in the Fourth Quarter. Are people finally using it or is it just stocking you know, thats what icahn says, right . Its the multi level things. I like their candy bars. But have you ever bought one . No. They sent them to me. Am i allowed to accept them . 125. But the guidance did fall short of the streets view. Herbalife is best known possibly for being adduccused of being a pyramid scene by carl icahn. Its not a way to get famous. Panera bread falling in after hours trading, blaming bad weather for hurting customer visits to its bakeries and cy i cafes. And then lazboy, saying bad weather hurt sales. You can actually buy some of those that have a refrigerator in the arm rest. Love that. So if youre already fat and drink a lot of beer, you can sit there its perfect for homer or something. Is it andrews birthday today . How did you know that . Is it your birthday today . Today is your birthday its my birthday too there is canada leads Great Britain, 43. The pick in the first end has been the story. It has been. That was really unfortunate. Just an open hit. Eve would never miss that. Shed make 100 of 100 but its just one of those breaks. And the thing about it is, because canada came in unbeaten, Great Britain had to start strong and then theyre down 20 right off the bat but theyve come back. Theyve made it a game. Oh, yeah. You bet. No, no, no, this isnt over by any means. 43, close game. Unfortunate with the pick. You hate to see that happen that early in the game such an important end and important game. Going forward now as we start the second half of the game, Great Britain down, canada has the lead. Both teams, the strategy now starting in the sixth end . Canada is going to try to play it pretty simple. Keep it going. Wont score the next point. Canada has to take a few chances and try to take it to canada over the next two, three ends for sure. Well keep an eye on that and well send you back out to the ice cube for the second half of canada and Great Britain right after this. Ameriprise asked people a simple question can you keep your lifestyle in retirement . I dont want to think about the alternative. I dont even know how to answer that. I mean, no one knows how long their money is going to last. I try not to worry, but you worry. What happens when your paychecks stop . Because everyone has retirement questions. Ameriprise created the exclusive confident retirement approach. To get the real answers you need. Start building your confident retirement today. They were able to score just one in the fifth and thats why the canadians are up one with the hammer. You see dawn mcewen deliver. July of last year she married mike mcewen, also a toplevel curler. Mike is in attendance, and so are dawns parents. In order to raise money for the families of the canadian curlers to come over to russia to watch the games, this team from canada autographed their game jerseys from when they won at trials in the fall and sold them on e bay to raise money so their families could come to the games. Dawns jersey went for 830 canadian to which dawn said, i cant believe somebody would spend that much money for my jersey, but it was obviously a nice gesture so that their families could be here in russia. Well, its a statement of how popular the sport is in canada. It really is a whole nother world of curling when you go north of the border in the United States. I think thats one of the things that you dont hear enough about, just how expensive it is to travel around when youre curling. Anybody can go down to their local club down the road and curl, but when you get to that next step and youve got to go to tournaments every weekend, you have to go to canada, you have to go to europe to compete, thats when it really gets expensive. John, you know that firsthand. Well, i cant even estimate the amount of money ive invested in my career, and its a choice. Its a lifestyle, actually. You know, from an equipment standpoint, playing the game is, you know, relatively inexpensive, brooms, and shoes, and, you know, the rocks are all provided by clubs, those types of things. When you start trying to compete at this level, it really is about the travel expenses of taking four, five players and maybe a coach, you know, sometimes coast to coast in north america. It all adds up, thats for sure. Right now on the scoreboard it adds up to a 43 canadian advantage. Team canada with the hammer here in the sixth end, and were back in a moment. Sociolo sochi. Also tweeting i want to bring olympic truce to my country. Dialogue is power, violence is weakness. He may be speaking to reporters later on today. If he does, well bring it to you. Netherlands and the United States are in first place in the medal count with the total number of both medales and golds. Russia has 19. Norway 18 and canada 17. America has a new gold medal, david wise, a 23yearold married father from reno, nevada. He won the inaugural event when it comes to the olympic mens ski halfpipe conditions. The conditions were snowy and slushy at the venue last night. The United States now has six medals in free style skiing at these games. One behind canadas total of seven. Alex diebold was an alternative in vancouver. Spent those games as a wax technician for his teammates. Four years later, he is an olympic medalist who won the bronze in the mens snowboard cross. To look forward at whats going on today, the mens final in the bob sled, there are three u. S. Teams. The americans are in the lead. The team two sled sits in third place and its such a Comfortable Lead on the rest of the field that any of the top three are now going to have to crash on the next two runs for them not to medal because they are so far ahead of everyone else. One of the best known athletes is on team three, lolo jones along with jasmine sentalator. Mens, womens snowboarding, parallel giant slalom. And always a crowd favorite, womens figure skating gets under way tonight. If we hear from the head of the ukraine olympic committee, well bring that to you guys later. Michelle, we were talking about high def earlier. I have to say on a big screen, the olympics has been pretty awesome. I do not want to be on a big semifinal action between canada and Great Britain. The canadians lead by one. The winner here moves onto the gold medal match tomorrow. They get a big roller from the canadian fans at the cube. Nice double by jill officer there. Wait on the sweep until late. That rock rolls. You see jen jones sweeping. She can sweep the opponents stone once it passes the t line, and she just gets it out of the rings. I want to meet the double. Yeah, but its your turn. Youve got a peel. Team gb down by one, and during the fifth end break our Trenni Kusnierek got a chance to chat with the coaching staff. Yes, i did. A former 2002 Gold Medalist, rhona howie has been working with eve muirhead. I asked her secondarily, that pick in the first end might have thrown some people off but it didnt even seem to rattle eve. I said, what makes her so calm at 23 years old and keeps her in control . And she said, you know what, she has this demeanor about her, its something she cant control and she cant do anything about. She has the feisty grit and determination to move on. It would have been different if it happened in the ninth end instead of the first end. As far as taking control and beating canada, really because these two skips are both so good, it will come down to the women in front of eve muirhead and Jennifer Jones. They have to play a real team game. Theyll have to set up their skips for whatever team will win. What a special relationship for eve muirhead working under rhona martin. When she won gold in 2002 is the reason why eve muirhead decided to pursue this olympic dream. Muirhead was 12 years old at that time and she aid from that moment on, thats what i wanted to do. I wanted to be like rhona martin and win a gold medal. Now rhona martin is helping her as she chases her olympic dream. We talk a lot about the people and what they mean. Those types of stories, you cant find them in a lot of other sports to the level that it goes to for the olympics. We talked about jen jones trying to make the olympics three times in a row and investing 12 years to be in this moment. Same kind of thing for eve muirhead and to have the help of an olympian, a Gold Medalist olympian in that effort is pretty amazing. Anna sloan trying to make a freeze there. That rock not curling. Again, getting a pretty good result out of it though. And now heres Kaitlyn Lawes for one more in the sixth end. Percentagewise, pretty even so far. Great britain at 85 , canada at 84 . Double attempt. Those nosetonose and they lose their rock out of the four foot. They do have two rocks in the top of the rings, however, so decision time for eve. Does decision time for eve. Does she get aggressive and take a risk or does she play it a little safer and get rid of one of these stones of team canada . So the aggressive play here would be to throw a guard on the center line and challenge Jennifer Jones for a way to remove shot rock from the top of the four foot there. A little more defensive for eve to hit this rock. Theyre just going to hit this on the nose. En Jennifer Jones will likely play a runback at that point with the yellow rock on the center line. Nose hit there. That did roll in a little bit, so jennifer might have a double, but she is going to play the runback. After five ends during the roundrobin meeting between these two canada had a threepoint lead. Here their advantage is one. As we play in the sixth end. Critical in this shot that jennifer keep a yellow rock in the rings. If the yellow rock rolls out, eve will be able to split the house and force jen to take one point with the hammer. Staying off of this one, waiting for it to curl. She gets it to the nose but it sticks out, fully accessible for eve to make a hitandroll now underneath the guard and make it really tough on jen. Muirhead is racing down the ice. She cant throw this stone fast enough. She sees it and wants to go after it. Now, as long as she hits the stone and doesnt leave a double, Jennifer Jones will have a little more than five feet of the rings to draw to for one point, but it would be a successful force for eve muirhead. Seeing a couple of rocks run straight here. This ones finishing up. Theres the roll. And that will force Jennifer Jones to draw for one. Much clearer path to center on the left side as you look at it compared to the right. So thats where she will go to. She will try to bring in her stone for one. So Great Britain will do its job here without the hammer in the sixth end in forcing canada to take one, if jones makes this shot. Two quick observations, andrew. We heard eve and her team look at this line a little further out two ends ago for a draw and they said, you know, we havent been out on this path yet. Its a little fur tther out. Jennifer jones did throw that end that came up short. 69 on her four draws today. Final stone of the sixth end. Right now saying, line only, plenty of room. Sweepers just cleaning it in. Jones nails it for one. So after six ends, canadas lead is 53. You a little bit ago, have been weaker this morning. You can see right now, dow futures town by about 45 points below fair value. S p futures would open off about 6. 5 points if they were to hope right now. If you watch whats been happening in europe, you will see that at least at this hour, there are some red arrows. The dax in germany is off by 0. 5 . Asia overnight looked like you saw the shanghai up by just over 1 . The nikkei was down by just over 0. 5 . And oil prices yesterday jumping 2 , having the best day in 2 1 2 months settled above 102 yesterday. You can see that they are continue to go climb this morning, another 42 cents higher at 102. 85 for wti. The tenyear note at this point is yielding 2. 684 . We have some economic numbers coming up today that well be keeping a look at. The dollar is stronger against the euro, down against the yen. Euro , 1. 3747. Dollar yen, 101. 99. Gold prices yesterday were up for ninth session in a row. Thats the first time theyve had that long of a winning streak since july 2011. Giving up just about 4. 40 this morning, 1,320 an ounce. If you didnt catch the episode of cnbcs shark tank last night, not to worry because we have an extra dose of mr. Wonderful from for you right now. Kevin oleary, also the cohost of shark tank and the author of the new book cold hard truth on men, women money. Good morning to you. I should say, by the way, you called it and you said it, we had you on maybe three weeks ago. We were talking about the minimum wage and you said, you know, you do that and it doesnt mean more jobs, it means less. So given the cbo report, do you have any quick views on the minimum wage debate this morning . Its evidence positive, andrew. Thats the whole point. I the ice cube curling center. Great britain with the hammer. They trail by two. This is womens semifinal action. The winner moves on to the gold medal match tomorrow. Of course, the loser will play a game, as well. The bronze medal match here at the ice cube curling center. Well, john, pretty even battle. Look at the percentages. 86 for Great Britain, 84 for canada. Both skips above 80 . The type of game we expected. And you heard kevin martin say it during the fifth end break with fred roggin. You just hope that this game isnt decided by that pick in the first end. And right now thats a big part of this game. Thats really been the only difference here. Each team kind of doing what they need to do based on what the scoreboard says. Unfortunately, the two that opened up the game has really dictated the game for canada and Great Britain. So Great Britain now going to have to start looking at taking more and more chances. Wanted to get a hitandroll underneath the corner guard there. Half shot rolling out. So canada will peel off this corner guard. The deeper you go into this game with a twopoint disparity, the more rocks Great Britains going to want to keep in play. And heres a call we dont see very often. We saw it a few times late in games during the roundrobin. Great britain actually going to go around the rock in the rings to the back 12 foot and use that yellow rock in the 4 foot as a guard. Eve muirhead asking vicki adams. And now muirhead jumps out. Anna sloan not on the ice at the moment. Wow. So anna sloan, the viceskip, we assume, must be taking a bathroom break right now. Actually switch that. Its claire hamilton, the cle lead, thats not on the ice. She threw her rocks and might have taken a break here. Getting eve out of the house to do a little sweeping. And theres a clean miss. Oh, boy. By jill officer. A look of disbelief on the face of jill officer. Shes still a little stunned. That rock just overthrown with almost like she threw peel there. Claire is back on the ice. She just walked on to the ice. Eve calling for a hitandroll here. They want this want this rock to stick around. Its got to curl. Its really got to curl. Need this rock to stay in the rings, and its not gonna. Jones sweeps it out. And just one rock in the house. It belongs to team ,8i i just go look at the numbers. Kevin, one issue, the olympics. I hear youre riled up about olympic endorsements, lack of endorsements . I look at the numbers, andrew. If the olympics really cost russia 50 billion, how many countries can actually compete for that . Were going to have a concentration of a few entities that foot a bill like that, because the economics make no sense to me. Sochi should have should not have 50 billion invested in it. If i look at that, i say to myself, this doesnt make sense any more. My economy cant afford it. I feel worse for the olympicances. I cant think of anybody from the van coucouver olympics that made a lot of money. Its become an economic challenge to me. Im not sure that the xhm economics work for me. Russia overspent. Can anybody deny that . No. Its the central planning. Its going to come back, kech, to haunt the people in russia that are on the low end of the scale. But its central planning. They put 100 smart people together, were going to do this, were going to do that. They let assetes and capital flow where it makes no sense and theyre going to end up paying the price for it, right . Its horrific. I would never invest there. I once owned stock and i woke up and somebody told me the government took my money away. Putin is back and i will never invest in that economy. If i want oil, gas and energy, ill go to australia, canada or would you ever hire an olympicance to be your spokesman . You know, thats a big challenge. At the end of the day, i want to know that people would know who that person is. And i dont know when is the last time you bought a ticket to go watch people on crosscountry skis with rifles shooting at things. You only see that once every four years. I dont think the metric works any more. They work very hard to win medals and we forget about them afterwards. Its an interesting, maybe unpopular, view for certain people, but i agree with you. Kevin, thank you for joining us this morning. Remember, every tuesday is shark tank tuesday right here on cnbc. So you do not want to miss thats. Thats 8 00 and 9 00 p. M. Eastern time and pacific. About we come back, a war of words in a smartphone universe. Blackberrys ceo taking a shot at tmobile. Find out why right after this. And the bush brothers are checking in. Billy bush and Jonathan Bush will be joining us from sochi. Theyre having a wild times at the games. Well get a taste of that next in the next hour. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Im spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast . Go to ziprecruiter. Com and post your job to over 30 of the webs leading job boards with a single click; then simply select the best candidates from one easy to review list. You put up one post and the next day you have all these candidates. Makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter. Com offer2. Welcome back, everybody. Blackberrys ceo is firing back at tmobile. He says the carriers promotion encouraging blackberry phones to upgrade to iphones is ill conceived. Last week, tmobile pitched its customers for the iphone 5s. Tmobile later said it is happy to work with blackberry and will offer speedy and Free Shipping of blackberrys devices to customers who order them. Coming up, frozennomics on the air and on the tracks. How the transports are weathering the nasty Winter Weather. And later, she takes out zombies with a sword just like the one i have behind me, which im going to put on later. Now shes going to be on the squawk set. Actress denai garia, better known as shone will be our special guest along with Charlie Collier. Dont miss it. When you order the works you want everything. 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This is humira working to help relieve my pain. This is humira helping me through the twists and turns. This is humira helping to protect my joints from further damage. Doctors have been prescribing humira for over ten years. Humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. For many adults, humira is proven to help relieve pain and stop further joint damage. Humira can lower your ability to fight infections, including tuberculosis. Serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. Blood, liver and nervous system problems, serious allergic reactions, and new or worsening Heart Failure have occurred. Before starting humira , your doctor should test you for tb. Ask your doctor if you live in or have been to a region where certain fungal infections are common. Tell your doctor if you have had tb, hepatitis b, are prone to infections, or have symptoms such as fever, fatigue, cough, or sores. You should not start humira if you have any kind of infection. Ask your doctor if humira can work for you. This is humira at work. Youve driven anywhere, i dont know about trains, i guess maybe they work okay in this kind of Winter Weather, but imagine trying to run one of these companies with what weve seen, all the volatility this winter due to severe weather, all the snow across the country. Joining us to talk about the impact on transports is the managing director and Senior Research analyst at avondale partners. Just like fedex, 11 National Service outage delays versus three in the year ago quarter. Its across the board if youre trying to move something with a truck or trying to move something in the air, its just obvious whats been going on, donald. Its a major effect on the transports. How should we view these stocks as investments based on that . Im hoping the market is going to be a little episodic and give us an opportunity to buy some of the better quality names at discounts. If i look at the data, you point out how cold and how wet, how much snow and ice weve had, but also the comparison last year according to noaa was one of the second warmest in the last 188 years and certainly one of the lowest amounts of precipitation. So the year over year comps optically look, you know, kind of silly, outside down. Not only has this been a bad winter but last year was very mild. So youre hoping that the markets react to it a little because, implicit in your point is it doesnt really change the outlook or the Balance Sheet of these companies. If you want to buy them for the longterm, you might have an opportunity but you dont expect them to sell off. If i look at the sequential rate of decline Fourth Quarter to first quarter, most havent adjusted down enough. Weve begun doing so ourselves because we just now passed half the quarter. Dont like to make the judgments until the end, get made up the next couple of weeks. Thats the thing. Number one, how much you point out these are the questions asked. How much off of gdp what weve seen. Not just the transports but weather in general, what do you think . Is it half a point . A point off gdp yet . At least that. If you look at the rail segment alone, sixweek moving average of railcar loadings, great proxy whats happening nuts and bolts of the industrial economy, was down a good 4. 5, almost 5 at one point. Now thats rebounded. Its been a bit of a roller coaster if you will as were seeing volume going back. Only in areas where they still get things moved. Canadians having an issue with the weather, not just precipitation but cold. Eastern railroad, csx, southern, struggling with weather. You live in new york. Youve been pounded by it. Even people looking to sell the house, were going to sell the house eventually, people arent even looking. They cant drive down your street. Even housing, people arent constructing because theres five feet of snow. Do you give them a pass . How much is made up. What just said, how much will we see in the next three months if we make it even a year ago. We wont know until june but daffodils will be coming up in my yard in a few weeks. California. But i live in st. Louis, missouri, and im willing to bet they will come up in the next few weeks. Im dying to go buy annuals to put in the yard. It will happen. That is the right reaction, whether they make it up or not. In the spring there will be growth, just need to be making the right. The sun will come up tomorrow. Thank you. See you later. Coming up turn up the volume. Dennis gartman, gartman letter digging into corners, making his way to the squawk box table. Back in a moment. Tdd 18886486021 there are Trading Opportunities tdd 18886486021 just waiting to be found. 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Tdd 18886486021 so you can take charge tdd 18886486021 of your trading. Here in philadelphia you can access a philly cheesesteak anytime, day or night. Just like you can access geico anytime, day or night. There is only one way to celebrate this unique similarity. Witness the cheesesteak shuffle. Cheesesteak, cheesesteak its the cheesesteak shuffle huh every day, all day, cheesesteak, cheesesteak every night, all night cheesesteak, cheesesteak 9 a. M. Cheesesteak 2 p. M. Cheesesteak 4 a. M. Cheesesteak any time ruh geico. Fifteen minutes could save you fifteen percent or more on car insurance. Turning up the trading volume. Dennis gartman of the trading letter gives his best and worst. Extra push over the cliff. Lights, camera, action. Billy bush of access hollywood and his brother jonathan together live from sochi. Plus tracking young money on wall street. You never know where that path will leave. Kevin will give us the grand tour. Good morning, everybody. Welcome back to squawk box on cnbc. Weve been watching the futures this morning and they have been under a little pressure. If you take a look, youre going to see dow futures down 48 points, s p down by 7, nasdaq down by 11. Yesterday a mixed market but nasdaq pushed higher. Tenyear note yielding 2. 681 . In some of our headlines this morning at least 25 are dead, hundreds more injured in increasing violence in ukraine. Opposition protesters occupying kiev for three months after ukraines president rejected trade detail with European Union in favor of russia. Hes accused protesters on attempted coup. Well have more on the situation later in the show. Plenty of Economic Data for investors to consider. Housing starts coming out and newly revamped version of ppi, Producer Price index. Thats going to be out at 8 30 eastern time. Housing starts will be watched carefully to try to assess the impact of severe Winter Weather. New version of ppi including cost of services and construction in addition to goods, the latest minutes that come at 2 00 p. M. Eastern time. And the weather is a recurring theme on recent earnings report. Mattress firm furniture retailer lazboy, Retailer Group 1 automatic and panera bread mentioning negative effects of the weather and quarterly numbers out after the bell. For a lot of stocks, sometimes it works, sometimes it doesnt, one off. Lazboy maybe not the case. That stock down 12 . Were going to talk target. Did you know it was andrews birthday . No, i did. Happy birthday. Do you read horoscopes or daily news. I read both. What does it say . You wont buy a Lottery Ticket but you read your horoscope. Will you buy me a powerball Lottery Ticket today . 400 million. My bride is going over to buy them, ill make sure she picks you up one. Depending which paper you read, no wonder youre so messed up. You are so harsh. In the post youre an aquarius. Depends which people you read. In the other youre pisces. People say my tendencies are pies hes like. February 19th to march 20th. Depends what magazine you read, its true. Sally, youre january 21st to february what does this say, though . How can you go through life not knowing what the hell you are, aquarius or pisce pisces. Age of aquarius you have to take off your clothes like hair. You look back and wonder how you could have gotten worked up about something so trivial. If its your birthday, its unlikely the level of support from loved ones over 12 months. Joe. Thats already started. Going on for years. Thats okay. Need to rely on yourself and look back how much stronger youve become. Happy birthday pisces. A certain risk necessary to move forward. Dont forget to research as much as you can. One way to achieve your goal is to make a plan and follow it. I think pisces is the much better goal. I dont know how you go through life not knowing if youre a pisces. Hes on the cusp. A lot of people on the cusp. Under the circumstances to choose from both. Explains a lot, like if youre conflicted, screwed up. Conflicted is a nice way to say screwed up. New report says target breach cost 200 million for banks, doesnt take into account any fraudulent activity. That could push higher. Consumers not held liable. Two banking associations say 200 million of the 40 million cards. Cost them that much to replace cards. May i have another, please, compared to how did that pay on that end, jpmorgan, all the other stuff. Total number 23. This is 200 million, why are we talking about it . Spread out across banks. Something they didnt do. Not material. Our guest Dennis Gartman, founder of the guardman letter, cnbc contributor. Good to see you. Were looking at this. You believe fervently this is a bull market. Still a bull market. You got worried when things started to dip. Sure. What did you start looking . Whether or not worried you the most about that . Perhaps the number of people who got overtly bullish at the time. Nothing more than that. Markets move more by psychology than fundamentals. Thats all it is. I must say this morning im a little concerned again because you bumped up in nasdaq yesterday afternoon, you bumped up into overhead resistance. Im a little more concerned after 10 or 11 days on the upside with nasdaq one has to be a bit concerned. Probably not a bad idea to become a little less aggressive on the long side and a little more interested in taking a little protection. Youre somebody who looks at this from trading mentality, quick moves up and down. One likes to have a longterm perspective, judge or change conditions depending what the trend is, lower left to upper right. I like to say only three positions in a bull market, really long, pleasantly long or neutral. Sometimes neutrality isnt a bad place. One doesnt get short, its still a bull market. Relatively doesnt mean he knows everything. Increased puts on s p. Huge put increase. Increased position in other stocks. One guy would know. 1840 on the s p. 1850 number might i keep asking 1850, is this 2014 for the entire year or do we finally get through and trade above . After last year, 28 on the upside, whatever number you look at, why cant you go sideways for a period of time. Dont want to go sideways, want to go up. Want things to be more than they were when we started the year. Why do the year . How many years do we have left . You and i, fewer than we had. I figure a third. Thats what im banking on. Third of what. Minimum twothirds, thats it. Third, 29, 29, 29 at least. But i want the last to be like 59 or more. I want to be a doubler. All right. Gold, did you go long . Yes. 1320, when did it go up there . What happened. In the course of the last several days. Pretty strong upside. Do you have any idea what moves gold anymore . No, not really. Sometimes merely technical in nature. Thats all. Stops going down. Its interesting. If there was one indicator that gold would go up, at gold bug conferences, conferences that might have 2,000 down to 200. Declined to outrageously low levels. In terms of the yen. Under the circumstances the bank of japan has no choice but to expand reserves. This morning yen trading 102, which surprises me a little bit. 101. 85 not too long ago. Over the course of the next several years, dollar yen to 125, maybe 150. This is from somebody that can remember in my career spot dollar yen at 285 yen to the dollar. For me to think it can go to 125 is not that large a move. Dennis is our guest host today and we will have more with him the rest of the show. Following young money. Kevin roose, young money. Hell join us in the next half hour. First we are live in sochi and michelle has complete access this morning. Michelle. Complete access, very cute as in access hollywood or access sochi. Why am i saying that . Billy bush from access hollywood will join us, also Jonathan Bush, his brother, frequent guest on cnbc. Cant wait. Well be back after the break. For what reality teaches you firsthand. In the face of danger, and under the most demanding circumstances. Experience builds character. Experience builds confidence. And experience. Has built this. Introducing the 2014 glk. The engineering and the experience of mercedesbenz. See your authorized dealer for exceptional offers through mercedesbenz financial services. Weve been keeping an eye another futures. Well start out with red arrows. Dow futures down 42 points. S p off by 6. 5 a deal just crossing the wires. Sails being acquired for 21 and cash by Signet Jewelers, a deal of 1. 4 billion. You can see that shop. Jumping on the news, up about 40 . Wow. The Winter Olympics under way obviously in sochi, russia. Michelle carusocabrera joins us with two special guests, the bush boys. Who is it . That would be billy and Jonathan Bush. Jonathan frequent guest on cnbc, so people familiar with him. Hello. Billy bush, Everybody Knows who he is presenter of access hollywood and big National Syndicated radio show. Hello hello. I sit next to billy at cnbc office. Weve been jealous because we see the Great Stories you do so, so fun. I have to point out youve never been on tv together. You look good on tv. You look so hand some. The magic of tv. Have you had had work done . All that botox paid off. Hollywood, health care, so different. You spend enough time in hollywood, you need some Serious Health care. If anyone can make health care sexy, its this man here. I would say hes without question the tallest midget guy in health care, which is not a sexy business. When youve got billy bush as your brother and you want to be sexy, you have to start at the most sexless place in the universe. From there, hey, im the sexiest man in medical billing. Claims process. Whew you know what claims processing is, know all about it. Im an investor, stockholde. S this guy bought in at 1. Well done. Come on. Speaking of sexy. Of course he bought a mid wife center. In sochi. I joined the sochi walrus club for a little dip in the ocean. Boris and the guys, there were seven of them. They took me out there and it was quite we have video of this with you in your bathing trunks. There you are. See the light switch moment. Oh, man. That was the shrinkage, you would not believe the power of the shrinkage. Coming out of the water. My camera man tried to hit me on it. I had to protect. Then you went to a spa. Went to a spa, took the great scott hamilton, the ace of blades 1984 s, fish peeling. Throw me in the ocean first. The health care book. You process claim. Im sure well have an ic 10 code for it. Rash from fish nibbling. It feels like pins and needles, pins and needles, your foot falls asleep. Its not good. Guys in the studio want to ask questions. Do you want to weigh in there . I dont know. Billy. Youve got the fame and q rating but sexy, isnt 50, 60 million sexier than you at this point . I dont think its even close. For me. For me. He was so gracious to give me half of his stock, so its pretty sexy, baby. What . Its funny, nights with billy and the hollywood crew, one doesnt always remember will its a new way of going at it. Everything tastes delicious, everyone looks delicious. I need to stop. The olympics need closing ceremonies before i get in trouble. Hes been out on the dance floor. Hes been having a ball. Billy, youre a bush but also bigtime mainstream media. Your great brother gives us a free market treatise whenever he comes in about regulation and things like that. Where are you . Are you a leftie liberal hollywood type, or are you a Jonathan Bush type middle of the roader . Im a ive voted for all kinds of people. Im an apolitical man who doesnt talk politics. Safe answer. That is a safe answer. Jonathan, i want to know about work withdrawal symptoms, are you having it . You havent been working for like two months. No, its only been less than one week. Within 24 hours of my announcing i was leaving the office, the stock went up 25 . The way i look at it, im never coming back. Im just going to ride around until the thing stops going up. Is this your first olympics . No. I free loaded on the torino olympics in the smaller room of billy bush. I think i may have seen someone skate somewhere but mostly i saw fabulous barolos. Fabulous colorful olympians in their natural stadiums. You stayed in his room in torino . Absolutely. Are you staying here . Hes got his own room now. He helped me out. He was planning to stay with me. John the beautiful thing about this man, he is very, very simple. The stock price, all that, ha ha, a simple man looking forward to bunking up with his brother. I said, youve got to be kidding me . Get your own room. You can afford it. I stuck him down the hallway and hes got his own spread. Al michaels and dan patrick. Al michaels. The greatest treb of being at the olympics is getting to hang out with al michaels. Check out his hands. He had them done, phenomenal. Fingers. On twitter. He rants. Al michaels rants needs to be a twitter account. Ask al, al, how railroad the accommodations. Hell go. Al, how is the food. Hell go. Just prompt him, youll see. Youll love it. I have a question for billy. We had a guest on kevin oleary from shark tank in the last hour. He said he didnt think celebrity endorsements in terms of the olympians will come out of the olympics have the kind of mojo that olympians from previous years and decades had. Do you buy that . We havent had many golds. Were looking ive got to be careful what i say. I know nbc wants to withhold information. Not as many as you might expect. Not as many as you expect. Bode miller will always be big business, best alpine skier. Apolo ohno. Gracie gold, with that naoma hollywood movie, a script ready to go. I think if she could nail if she nails the gold medal, forget it. Shell be through the roof. How about oshie . T. J. Oshie, i dont know. I think when he gets back hell go back to st. Louis blues and hockey will go back to being hockey. Im a giant hockey fan myself but its not football or basketball. When nhl says they might not help out for olympics, how do you feel about that . I think they will change their mind. Nhl made one terrible decision and led to a lockout. It ruined the game. Almost annihilated the game. They worked very hard to get back. This would be a mistake if they didnt let players compete. Guys, we had so much fun having you on. Thank you so much. Its been great. Thank you, guys. Being in front of the camera for 11 minutes, you saved my ego. Put my makeup on . Now you look older than me. I have been on. Thats why i look amazing. See you in the office. Bye, guys. Thank you. That was great. Thank you all. When we come back, the music label behind bruno mars says it has a new way to find the next big thing. Plus why new jersey is ready to go to battle in the Supreme Court. Here is a hint. Think sports and big money. Squawk box will be right back. You can separate runway ridiculousness. From fashion that flies off the shelves. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. And only national is ranked highest in car rental Customer Satisfaction by j. D. Power. natalie ooooh, i like your style. vo so do we, business pro. So do we. Go national. Go like a pro. Who found a magic seashell. It told him what was happening on the Trading Floor in real time. The shell brought him great fame. But then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their Trading Platform. [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a. Shell. Get live squawks right in your Trading Platform with think or swim from td ameritrade. New jersey wants Supreme Court to overturn a ban on Sports Betting and argues the laws unconstitutional because it treats states differently. New jersey suing four Major Sports League that support the existing ban. The league argues the leagues integrity might be compromised by state sanctioned betting on them. Not by steroids or anything like that. Andrew. We have entertainment news. Steroid use . Is that what youre suggesting these muscles are not real . No, your head would be even bigger. Youve seen the before and after. Barry bonds with the hat. Lets talk music, wariner music with acts. New art is discovered through the app. They will use shazam. Kind of a cool idea. Behind bruno mars, red hot chili peppers. You know what it is . No. Its an awesome thing. You have the app. Lets say you hear a song. A commercial is on tv or youre in your car or you hear it on the radio, whatever. You put the app up in the air and it tells you what the song is. You can download the song, you can buy it. Shazam. Do you know do i know do you know who popularized the expression shazam. Of course not. Before my time. Shazam, shazam. Help me. Gomer pyle. Jim nabors, great voice, singer. Trying to help with the demo. Theres actually a mayberry. Getting america back to work. The ceo will tell us about the resurgence of manufacturing. Y aah [ female announcer ] the complete balanced nutrition of greattasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. Nutrition in charge™. Which will cause me to miss the end of the game. The x1 entertainment operating system lets your watch live tv anywhere. Can i watch it in Butterfly Valley . Sure. Can i watch it in glimmering lake . Yep. Here, too. What about the dark castle . You call that defense . come on [ female announcer ] watch live tv anywhere. The x1 entertainment operating system, only from xfinity. Welcome back to squawk box. Stocks in the news, jewelry retailer sails bought by signet for 1. 4 billion in cash, 21 per share price, represents 21 premium over sails tuesday closing price. Diamonds are a girls best friend. Whats the line . Diamonds are forever. But neither of these companies. Another stock, gps devicemaker garmin, reported 0. 76 per share. Dennis gartman. Ha ha. Revenue, garmin able to generate 50 from nonautomotive devices. Herba life, 0. 03 above estimates, nutritional productmakers raising Third Quarter outlook although current guidance below forecast. Cincinnati state announcing partnership to help state of ohio to prepare a highly Skilled Workforce to take advantage of manufacturing resurgence in america. Joining us to talk about the partnership, president and ceo of siemens usa. How does this work exactly . We have a software siemens, one of the leading Industrial Softwares in the world. An in kind donation to cincinnati state technical and community college. They will be able to train mechanical engineers and design people on how to use software. That software is used by 71,000 companies around the world. In cincinnati its used at our plant here in norwood. Also we have 500 other customers in cincinnati and ohio. Its going to train people on the latest software thats really driving digital manufacturing today. Theres a lot of talk now about what we need to do with not just obviously we like preschool and like to improve our Elementary Schools but secondary education just isnt doing it to train our workforce for the future. This is a pretty good example of innovative way to approach this, i would say. Yeah, we donated to colleges, universities, Community Colleges but also to high schools because around the world were finding a lot of high schools want to get this start developing skills at an earlier age, grades nine through 12, not waiting until out of high school. We do this thousands of colleges and universities around the world. You think about a fouryear liberal Arts Education that costs over 200,000 that you borrow, and you think about what you could teach kids in two years that might land them a really high paying jobs and get all these companies on that say, yeah, we could hire 2, 300 people if we had them. The marketplace should bring these two together eventually. This is the start of that, i guess. But its going to take a while. We need to do it faster. Yeah. I think businesses need to do a better job communicating with educators and local governments about whats needed in the workforce. If you take a look at manufacturing today, the skill level is much higher than it was 10 or 15 years ago and thats only going to accelerate. The gap we have now in terms of finding people for some of these highly skilled jobs is 2 or 3 million around the country. That could widen if we dont put programs like this together. Were not only donating software but starting apprentice programs and coops with other around the country for manufacturing facilities. For every manufacturing job that gets automated, how many can we replace can we replace one for one or fighting a losing battle for going into the future of manufacturing . No, i think, look, a lot of the jobs that were commodity jobs, lower technical jobs, those things have gone away and i dont think they would be coming back. But if you take a look at the new jobs, highly skilled jobs, i think its an opportunity for new middle class. These are very highpaying jobs, a lot of investment in digital manufacturing in the u. S. , 3 decreases printing, all software led. Really its a different skill set thats going to be needed. These are very, very high paying jobs. Many of the jobs were starting people at in these skilled positions in our manufacturing plants pay more than people with a fouryear liberal arts degree. Weve got Energy Revolution with shale and other countries where wage prices are rising much more quickly than they are here. So thats narrowing the gap. So 10 years from now we may say, wow, theres a time we thought manufacturing was going away and we might say once again we were wrong. I think one other big advantage we have in the country, almost 80 of the Software Developed in the world, particularly Industrial Software is developed right here in the u. S. Thats really going to drive this digital revolution. Weve got a big advantage over the rest of the world. Do you live there . You dont live in cincinnati, do you . I live in washington, d. C. I understand youre from cincinnati. Are you a gold star or skyline guy . Have you had all those . How about ribs . We were talking about getting a little skyline today. You were . Whats your thing, a fourway, fiveway . Its not what you think, threeway. Why . I saw you immediately flinch. Especially with fiveway, i dont know what that would involve, a different species. Not that theres anything wrong with that. Not that theres anything wrong with that. Politically correct show. Its cable. Weve got to do a few things. You should see the people in cincinnati. Thats pretty conservative. Eric, appreciate your time today. Thanks and thanks for what youre doing for cincinnati state. Thank you. Coming up, joe visiting the set of the talking dead. More on his experience on highest rated late night talk show. There he is looking very suave. Back in just a moment. We go inside the world of wall streets young and rich. While the pay is good, it could make your life a living hell. The author of young money join us right after the break. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Aflac, aflac, aflac [ both sigh ] ugh you told me he was good, dude. Yeah he stinks at golf. But he was great at getting my claim paid fast. How fast . Mine got paid in 4 days. Wow. Thats awesome. Is that legal . Big fat no. [ male announcer ] find out how fast aflac can pay you at aflac. Com. Eastern time, well be joined by president Charlie Collier. Hes bringing one of the characters from the walking dead, danai, better known as michonne, wielding a sword, slicing up bad guys. I have one here with me. Im going to wear it. A very cool guest recently had a great story line in the show. Were going to talk about that and really talk about the business of niche programming in cable. Is it niche . Not really a niche. Not anymore. Anna had the opportunity i was such a super fan of the show i was a guest on the talking dead with jim hardwick, comedian you shouldnt be on with a kid or professional comedian because hes incredibly funny. Actress anna master son who plays tara. She yelled at me. Tara, like tear a piece of paper. Now we can talk about the latest. Shes with glen. Unfortunately she was with the group that killed glens father in law by slicing his head off. So shes going to show up glen is going to show up. Eventually hes going to find maggie, his wife, with this woman who was you didnt see this one . No. People in the audience havent seen. Not really. Just because you havent seen it doesnt mean theres a lot of what are you watching now . Orange is the new something. House of cards. Im a week and three days late. It was sunday night. You cant say anything to this guy. Thats wonderful. For watching the walking dead i should add. As it came outfit my mouth i knew. Stop while youre ahead. The author of young money. Kevin roose will talk to us about being young and rich and working on wall street. It may not be all its cracked up to be. Squawk box will be right back. [ tires screech ] [ car alarm chirps ] [ male announcer ] we dont just certify our preowned vehicles. We inspect, analyze, and recondition each one, until its nothing short of a genuine certified preowned mercedesbenz for the next new owner. [ car alarm chirps ] hurry in to the mercedesbenz certified preowned sales event. Visit today for exceptional offers. Visit today for exceptional offers. Phone your account is already paid in full. Oh, well in that case, back to vacation mode. Boots and pants and boots and pants and boots and pants and boots and pants and boots and pants. Voiceenabled bill pay. Just a tap away on the geico app. Huh, 15 minutes could save you 15 or more on car insurance. Yup, Everybody Knows that. Well, did you know that some owls arent that wise. Dont forget about im having brunch with meagan tomorrow. Who . Seriously, you met her like three times. Who . With the stunts and loud explosions and all the muscles. [ as cosby ] i want to see the comedy programming with the children. [ british accent] watch bravo yeah, i want to see the real housewives. Rewind yeah jimmy . Its been hours. We told you the x1 entertainment operating system show me the tonight show starring jimmy fallon. Thats what im talking about right there. [ cheers and applause ] [ female announcer ] control your tv with your voice. The x1 entertainment operating system. Only from xfinity. This morning. The quickest way to start a career on wall street has long been a twoyear Analyst Program but thats come under fire since the financial crisis. Joining us with more and a special friend. Began in the 1980s when the boom of junk bonds meant banks needed to find a way to keep younger staff. Less to finance boot camp and less sleep nascar nights and spread sheets why are so many future financeers throwing in towel. Every year thousands of bright eyed coeds descend on wall street. For decades, power loomed large. So did the industrys locker room culture, fraternal rituals and multimillion dollar trading days which lured finance and nonfn types alike. If you think of where these kids go, five years ago it was wall street first. Bond traders and back office bankers burned the candles at both ends for the promise of that payday. Ill tell you what you show me pay stub of 30,000 and ill quit my job and work for you. 1 1,00 91,400, most higher. Tens of thousands of workers laid off. Pay plummeting for those that werent. Five years of vilification has certainly hurt the perception in the industry. That hurts in terms of do i want to work at these large banks anymore. Business students have increasingly said no. We probably have fewer shoppers. So students that prefinancial crisis were not necessarily looking at wall street as a longterm career play but more excited about the pay and cache of the industry. Wharton, another feeder school, sending half as many students to big banks as it used to. Adam grant, a top ranked professor sympathizes with students. Ive heard from a number of students that have been really unhappy they chose wall street. At first when i heard reactions i stopped advising students to go there. I thought it was a sad way to spend the majority of your waking hours. Throughout the day on cnbc and special report on cnbc. Com, looking at what the banks are doing to poddernize. Also hear from former analysts in their own words. You can bet interesting things to say. They are compensated well, six figures out of school. A harder sell with work more monotonous, industry regulated and lure of other Industries Consulting technology is a little bit better because they can promise more diverse opportunities. Thank you, kayla. We should add kevin roose joins us with more on young wall street, author of the book young money, inside the world of post crash recruits. They compare it and its on amazon. The question is whether you think the modern day wall street, this sort of new generation is really so much different than it used to be and you think longterm they are moving away from the street and going to other industries or its a cyclical event. I think its structural rather than cyclical. I think after the financial crisis when i started following eight analysts at goldman and jpmorgan and other big banks, it was a sense it was temporary, things were going to come back to normal. I think the rise of Silicon Valley and the diversity of options available to College Juniors and seniors means that the banks are never going to sort of regain i remember in the late 90s all of a sudden everybody was going to Silicon Valley. All of a sudden wall street said you dont have to wear a tie on fridays. After the silicon bust. Then there was the bust and everybody went back to wall street. Its possible. Theres other organizations intact plg away wall street recruits. One in Six Ivy League seniors applies to teach for america. Kevin, how much do you think its the populism weve seen and people really disliking wall street. How much does that affect wall street . I think it affects a lot of peoples decision. I was shocked when i followed analysts. You spent time with eight analysts on an anonymous basis. You covered up who they are. They were with big firms. You talked about the culture inside. I got into their lives. They took me to parties. One gave me his diaries. It was an intimate portrait. I heard people say i never thought about my job in moral terms before. One was a goldman trader come on. What did they think they were doing . Im not saying its immoral to begin with. Im suggesting it is what it is. They are 22 years old and the recruiters come to them and say, look, you can come to work on wall street. You can help save the world. We do all these things and they are 22. They buy the line. Then, you know, one guy had his boss say, look, if youre not here to make money, you should leave. Thats what the business is. I have to say it used to be roughly 30 of any ivy league graduating class would go to wall street. Its about half of that now. Executives at these banks will tell you, you know what, were now getting people, even though thats a smaller percent of the class, were now getting people who want to work on wall street, interested in the core business we do, working with clients, putting models together. Were not getting people in it for the money, in it for the prestige. Thats gone away, but getting people they actually would prefer. Do you think those people who are looking for, as mark from columbia said, the cache of wall street . It used to be at certain ivy league schools, wall street was just where you went. It was where all your friends went, even if you majored in art history or archaeology you went to wall street because that was the thing to do. I dont think that happens anymore. Kayla is right. People going into banking actually want to be banking. One out of Six Ivy Leaguers are now going to teach for america . How are they going to do that . How are they going to pi for their High School Education at 45,000 a year teaching for america. That i find to be utterly in comprehensible. I do think thats a point. One of the things i point out in the book, there are a few types of people who do tend to thrive when they are young on wall street. One are the people with tons of student debt, loans to pay off. This is a great way for them to do that very quickly. One of the things getting a lot of attention in this book is when you broke in or went under cover, if you will, we were actually working together at the time. You were a New York Times deal book man happily and you went into a fraternity, lets say, of wall street. What happened . A secret society called kappa beta phi, membership exists important wall street executives from big firms. They meet once a year to induct new members. Its a black tie affair at the st. Regis. I thork ive got to see this. I was curious how they go up the chain, how their psychology changes. I waltzed into the dinner. Nobody stopped you. I was in a rented tuxedo. I looked terrible. I was 20 years younger than everyone. I think they thought i was part of the catering staff. I watch the whole thing unfold with skits and off color jokes, making fun of regulators, occupiers. You make a moral judgment in the book what they are doing is horrible. It is horrible. Here is my question. I saw a lot of comments on the article online where people said this is what happens at an office party all the time. Sure. But this is not just any office party. These are the most important people in the world of finance. And they had the audacity to make fun of regulators, kevin . Shocked. Shocked. Telling public jokes thats not what you said, said making fun of regulators. Making sexist jokes about left wing politicians. I think what you have to remember, this was in january 2012. This was months after occupy wall Street Movement and a lot of these guys were keeping a low profile. Then when they were behind closed doors, or so they thought what happened when you got caught . I got outed at my table. Tie a picture. A guy next to me doesnt sound like it was that they didnt care you were there that much, did they . It wasnt like people en masse were there any virgin sacrifice . Animal torture . Not that i saw. As reporter it was like i know wilbur. Hes a good guy. It was horrible . It was horrible what was going on . They were very, very they took me out into the hallway. Im glad youre okay now. How did they out you . I was taking a picture of the grand finale and a guy sitting next to me, a manager grabbed my arm and said what are you doing here . I had to identify myself as a reporter, obviously. Then he said youre not allowed to be here. He tried to sort of take my phone away, then i got escorted out. Youve heard the jokes at the friars club roast. I was a member of a secret society, tap a keg a brew. Different society. One other question relates to populist image of wall street. We talk about the wolf of wall street all the time. That is an image out there that may not be representative of modern day wall street. Never really wall street to begin with. It was a period piece to some extent. Do you think now this youve spent all this time with these guys, does wall street get a good or bad name . I dont think the stereotype is correct. The wolf of wall street is one thing. When i follow these guys, their lives are nothing like that. They work 100 hours a week. They never see their friend. When they do take drugs its addera adderall, its to stay up and work. How many on wall street . About half. How many are still talking to you . All of them actually. I think theres a painful time in their lives but i think they are glad. Nobody has been outed by their employer or otherwise . How old are they now . 25, 26. Kevin roose, the book is called young money. Thanks for having me. When we quo back, more on the markets from Dennis Gartman plus market opportunities. Squawk box will be right back. Still to come, the squawk set is invade by the walking dead of the president of amc is here and hes brought a friend. Michonne is here to talk cable ratings domination. Its the squawking dead and only on cnbc. We asked people a question, how much money do you think youll need when you retire . 500,000. Maybe halfmillion. Say a million dollars. [ dan ] then we gave each person a ribbon to show how many years that amount might last. I was trying to like pull it a little further. You know, i was trying to stretch it a little bit more. [ woman ] got me to 70 years old. Im going to have to rethink this thing. [ man ] i looked around at everybody else and i was like, are you kidding me . [ dan ] its just human nature to focus on the here and now. So its hard to imagine how much well need for a retirement that could last 30 years or more. So maybe we need to approach things differently, if we want to be ready for a longer retirement. Ameriprise asked people a simple question in retirement, will you outlive your money . Uhhh. No, that cant happen. Thats the thing, you dont know how long it has to last. Everyone has retirement questions. So ameriprise created the exclusive. Confident retirement approach. Now you and your ameripise advisor can get the real answers you need. Well, knowing gives you confidence. Start building your confident retirement today. More Economic Data on the way. Will the nasty weather hamper Housing Starts . Well have that report at 8 30 a. M. Eastern. Measuring risk versus opportunity. The head of global event trading will tell us what he likes right now. And the squawking dead. The amc Network President Charles Collier and actress dan danai, you know her as michonne. They sliced their way through a horde of walking dead to get here. Squawk box begins right now. Welcome back to squawk box on cnbc. Im joe kernen with becky quick. Happy birthday. Get older quickly. Were making some ground. Top stories, deadly clashes in the ukraine as riot police and protesters are in a tense standoff in kiev. Nbcs Richard Engel is on the ground and joins us with the latest. Either not a good thing when we do see you, we havent seen you in a while. Normally its Something Like this. Bring us up to date on whats happening. Reporter the medical officials say, and its good to be with you, that 25 people have been killed since yesterday. This protest movement has been going on for about three months. It started out as a protest against the government. The government is close to moscow and the protesters wanted closer relations. It was supposed to be a deal to end this protest movement and that deal fell through. Then for the last 24 hours or so, there has been a great deal of violence, much of it overnight, when the demonstrators still in Independence Square set bonfires all around them to keep the riot police back. Now you can hear on the loud speakers protest leaders are calling for reinforcements. They want more young people to come and take a stand with them against the government. They want them to bring more tires so they can have more fuel to burn to keep the bonfire going. Certainly an unresolved situati situation. So at this point, richard, they have tried to somehow ameliorate angst on both sides. I dont know how it can be done. Either do with putin or the west. They have made their choice and i dont think its going to sit well with the population. Whats different at first glance you saw pictures yesterday, like tahrir square. Whats different is this country really is divided. Its not like everyone is out in the streets demanding the overthrow of an unpopular dictator. There are a lot of ukrainians who want to keep close relations with moscow, who feel sympathetic towards russia, the old ties of the soviet union. About 45 million people, maybe 6040 with 60 wanting closer ties with the eu and the rest wanting to maintain close ties with russia. Not simple the protesters get what they want and everyone in this country is happy. Is that just a split for the nation . Is that a potential solution, richard . Well, there have been people talking about the start of the civil war. Polish officials today are calling this the start of a civil war. Youre really feeling a bit of a cold war dynamic. You see eu and Eastern Europe and United States lining up in support of the demonstrators. Then you have Vladimir Putin and the ukraine standing together and saying this is a coup attempt. This is an attempt by the United States to manipulate ukraine and break it away from moscows sphere of influence. Dont forget this is all happening during the olympics, which adds more sensitivity. Not very far from here Vladimir Putin is hosting a giant party designed to show moscow glory and russia is once again a superpower. Here in ukraine not very far away you have demonstrators, we dont want anything more to do with moscow. Its a huge embarrassment especially if this country were to go into an open revolt and breakaway just while putin is holding his welcome back to the world party. Richard, thank you for that report. We talked about it before, but when you get back to the u. S. , we want to get you to the set. Want to get him as a guest host. Mortgage applications are sliding 4. 1, slid 4. 1 latest week. Interest rates rose during the period with a 30year fixed now averaging 4. 5 . News today, if you care about diamonds, i dont know if youre happy or sad about this, Signet Jewelers buying sails for 21. If youre a shareholder youre pretty happy. Signet on the rise following the announcement of that deal even with that huge premium. Were now less than 30 minutes away from key Economic Data, january price index and Housing Starts. Both at 8 30 eastern time. Then this afternoon, minutes in the latest months fed meeting. An Important Note on ppi, will now include services and construction for those of you who care about such things and trying to add all these numbers together. Becky. Ahead of all that joining us with market outlook, whiteboxs adviser and global event trading. Also Dennis Gartman, our guest, founder and editor of the gartman letter, also a cnbc contributor. Thank you for coming in today. Thank you for having me. What do you see out there. Looking at risk, where do they stand . Avoid risk. One, we think theres a great opportunity in puerto rico. They are coming with a new bond deal. It is a place with a significant amount of risk. Unlike most other markets you get awarded for taking a risk there. Their geo bonds trading 8 taxfree yield. Whitebox wove chosen to take a barbell approach to it where we on the most senior part of capital structure. They are protected by price, they trade around 50 . The more aggressive participate along bond insurers. Its a risky trade. Very good idea. If things go poorly they are in a lot of trouble. What are the odds of things going much more poorly than they have already gone . I think odds are significantly skewed they are going to go very well in the near term. Why . Market discounted a good deal already. A lot discounting was done. Different types of investors, rule type investors and principle type investors. Rulebased enforcers have been forced out of puerto rico either because their funds money withdrawn or ratings got cut so they couldnt hold them anymore. Any time you have forced selling by rulebased investors it creates a pretty good buying opportunity and we feel that exists now. One of the things weve heard, demographics dont work here. This is a situation thats going to get worse because so many people can come back to the mainland u. S. Thats going to leave all of that debt in a much worse position without the younger people to pay it off. What do you say to arguments like that . I think thats potentially true. Its not going to be a problem now. They are going to get refinancing done. They are going to buy time to get better. Its difficult to predict the future that far out. I do know they will be given significant amounts of time by the markets. Theres a lot of deep pockets. Whether people are throwing good money after bad will remain to be seen. But again as i said, youre actually getting rewarded for the risk. You are getting a significant yield. You can look at alternative investments, spain, spain is an equally bad fiscal situation and not worse. Their fiveyear trade close to 2 . Germany might bailout spain forever, but you dont know that happens either. Youre not getting rewarded at all for taking the risk. In puerto rico at least youre getting paid. You might explain who the people have been that have been forced to sell. Why have they been forced to . Im not sure people understand that. Mostly Municipal Bond funds. Once it goes to a certain rating level they are not allowed to hold it anymore. So they have been proactive. Now that they rate junk, participants cant buy or hold bonds anymore. Technicals, a lot of retail selling of Municipal Bonds and the funds, so they have had redemption, so they have had to sell to raise capital. Is that a sell for you said yours was a senior position in all this. Would somebody be able to go in and buy an equally senior position . Yes. Its one of the largest issues. Again youre not going to have as much upside but i think youre really protected by price. As i said these are trading, longer trading 50 . If it goes badly at least youre protected by price. Even if things went as bad as they could and theres restructuring, these are wrapped by bond insurers so you have additional insurance. On a risk reward level its a great place to participate. Is it a lot harder to find risk where you do get rewarded . Yes. Its very, very difficult to find. In general theres very few markets we like at all from a data standpoint . Why do you think it is . There has been so much money printed, circulated . Absolutely. Yes. Increase money supply and all that money has been driven towards investing rather than theres so many more people that are passive investors rather than entrepreneurs and putting money to work themselves. As you get money printed, goes to passive investing. You get yields and rates compressed and stock prices go up significantly. Its really difficult to find especially the asymmetric type events we look for. What does that tell you about potential bubbles forming in the system. If you had to identify them, where would you look . I still think global in sovereign Interest Rates the most likely bubble. I dont think it pops any time soon. I think if you look where yields compressed to with money printing going on, you realize inflation much better than bond yield. At some point people will probably you would think get tired of negative returns, negative real returns on investments. You mentioned spain. Are there other nations where that jumps out at you . Spain and japan. Japan, again, doing a lot of quantitative easing. We think the rates have been suppressed to a level where you own both tales in japan. If it doesnt work, a difficult time repaying their debt. If it does work they are going to have inflation. Either way bonds are driven down technically by, you know, quantitative easing, not going up in yield any time soon. At some point fairly dramatic. Dennis, did you have another . The whole concept of whats going on in puerto rico, i think you did a great explanation of whats happening. Market did a great job discounting, in your favor, i like that a lot. Makes imminent good sense. Paul, thank you for joining us. Always a pleasure talking to you. Thank you. Dennis will be with us through the rest of the show. Amc president Charles Collier bringing one of the major characters of the walking dead. Shes better known to fans, we should say youre the absolute fan, joe. Michonne. Im not keep going. I want to be a fan. 8 40 a. M. Eastern. First Brian Sullivan in sochi, what do you have coming up for us this morning . You guys are talking dead back there in new jersey, Russian Olympic Hockey Team is trying to stay alive in sochi. Weve got a big crowd over our shoulder outside the Olympic Village in the coastal center, watch on the big screen tied 11. After the break well give you the highlights, low lights and what to look forward to in sochi 22nd Winter Olympics when squawk box returns. Take a closer look at your fidelity green line and youll see just how much it has to offer, especially if youre thinking of moving an old 401 k to a fidelity ira. It gives you a wide range of investment options. And the free help you need to make sure your investments fit your goals and what youre really investing for. Tap into the full power of your fidelity green line. Call today and well make it easy to move that old 401 k to a fidelity rollover ira. You want everything. Orks an expert ford technician knows your cars Health Depends on a full, complete checkup. The works. Because when it comes to feeling safe behind the wheel, going the distance and saving at the pump you want it all. Get our multipoint inspection with a a Synthetic Blend Oil change, tire rotation, Brake Inspection and more for 29. 95 or less. Get a complete vehicle checkup. Only at your ford dealer. Welcome back to swaukzof squawk box. Futures. We have red arrows across the board, dow opening down, nasdaq open down about 9 points about now. In headlines this morning, eli lilly higher in trading, Company Announced positive in phase iii study, one of its drugs used in combination with chemotherapy was effective in kbloofg simpro survival rates in lung cancer patients. Brian from sochi joins us now. How are you finding it there . Im finding it nice. Nicer than it was yesterday, becky. It rained all day. Its a nicer day here as well. Not quite the weather carl did. Thats how carl rolls. We are getting exciting highlights. Ill say that. Great story action mens snowboard. A guy waxing snowboards for the olympic team in vancouver, today alex deibold got his medal. He was not expected to do anything in the snowboard cross. He won the bronze medal. Hes overjoyed considering he was a maintenance guy on the team four years ago. Kind of a cool story. His owner is part owner of pepes. David wise gold medal, even though 23, married with kid, not typical halfpipe out on the scene guys. More of a family man. He wins the gold medal as well. If we take a look at the medal count, its disingenuous, let me explain why. At the top, United States and russia tied at 21. Netherlands 20. One of the gold medals, a guy from washington state. The u. S. Government gave up on alpine skiing. He married his russian girlfriend and now a nationalized citizen three years ago. An american guy competing for russia and the medal goes to russia. Hes a naturalized citizen. Short program in skating. U. S. 1, bobsledding in the lead. Looking good. Snowboarding events. Womens, mens slalom. Hockey getting attention. A lot going on. Some sad news uva beat hokies last night. Not a good job. You know, i like you a lot, dennis, but theres times when you have no timing. Im here in russia, i dont have a cleane nearby. We stink anyway. I got it. Cavaliers are good. My hokies are not good. Here is something good for you. While hokies are losing on the court we got an exclusive look of the new formula one racetrack built a mile away from here. Im not sure anybody else has been inside. Weve got video coming up in street signs, grandstands. Dennis, my hokies can lose because i got to tour an unfinished formula one today so im still happy. My wolfpack keeps getting beat by carolina so were in the same boat, my friend. We certainly are. My boat is nine hours ahead of you. Its getting late here. Brian, thank you very much. Again, Brian Sullivan. Coming up, the data points of the morning, Housing Starts, also Producer Prices. More squawk box coming up next. Still to come, the squawk set is invade by the walking dead. The president of affirm mc is here and hes brought a friend. Michonne is here to talk cable ratings domination. Its the squawking dead. Its only on cnbc. [ male announcer ] these days, a Small Business can save by sharing. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Oh, its great. Yeah. [ male announcer ] the best thing to share . A data plan. New at t mobile share value plans for business. Our best value plans ever. For example, you can get 10 gigs of data to share. And 5 lines would be 175 a month. Plus you can add a line anytime for 15 a month. Sharings never been better for business. Welcome back to squawk box everyone. A court battle attaching to the design over iphone. Typo products makes this keyboard. Its not an apple made product but one weve been interested in. Typo is now being sued by blackberry for patent infringement. In a court filing typo says blackberrys patent claims are invalid. They are asking the judge to rule patents have not been infringed. Typo claims angle keys are similar to those featured on a number of blackberry devices, which is about the dumbest thing ive ever heard. These are angle keys which just look like the angle keys on this. You think . Maybe blackberry was ripping it off from this feature. You angle a key and can get a patent for that. One of the big investors in typo is ryan seacrest. Ryan seacrest production. I saw whop of these. Bobby brought one in right around the holidays. I wanted one from the minute i saw it. The idea you can patent something because its an angle. This is one of the reasons why a lot of other phonemakers have struggled to come up with a keyboard because blackberry has been very clever how they patented that keyboard. That keyboard arguably slightly different. This is angled, too, because ive had this longer than a blackberry keyboard brf im suggesting the way they did that is different. Im just saying. Im not taking sides. It looks similar. Do you put any emails on your iphone . I tweet from it, though, because it has a better phone. When youre typing it finishes with words you dont want a lot of times. You dont go back and read and they are close to perfecting the dictation thing but some of the stuff it comes up with like songs youve heard your whole life, it hears funny things. Ive tweeted stuff that said ridiculous things. If you have a long one you can go back and change words. I tweet less frequently as a result. Tweet or email. Tweet. I still email on my blackberry but i do some email but i dont do a whole lot from the iphone. That would work. You fit your iphone into it. Now that i gave up the blackberry. Even if it has a keyboard i dont want it. In l. A. , i lived there seven years. I realized a third of my life out there was spent on freeways that i didnt need to be on because i could have been on surface streets if i had ways. A third of the time i spent out there was 405. I was like the king of l. A. Although it messes up sometimes and you go all over. Why did i just do that. In general you have a driver. Started you on ways. Now i want to you show me how to use snap chat. Im going to show you pictures from your birthday. Close my eyes and never keep my eyes closed. Coming up, how much did weather Impact Housing . As we head to a break, take a look at u. S. Equity futures. Get those numbers at 8 30. Back in a moment. Honestly . This deal was way too good to believe. Instead of paying too much for an ipad, i got the surface 2. First of all, it comes with office and outlook. Then, with free skype calls to phones in over 60 countries, i can talk to my cousins any time. And then, i got 200 gigs of Cloud Storage free so i can get my photos and stuff almost anywhere. Others charge for that. Surface is such a great deal. I feel like i should tell somebody. Hey honestly i want to see you be brave what is this place . Where are we . This is where we bring together the Fastest Internet and the best in entertainment. We call it the x1 entertainment operating system. It looks like the future we must have encountered a temporal vortex. Further analytics are necessary. Beam us up. Thats my phone. Hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. Tv and internet together like never before. Welcome back to squawk box, everyone. We are a few seconds a away from Housing Starts and price numbers Rick Santelli standing by. Steve liesman in the studio. Rick, take it away. Start with normal ppi, up. 2, strip out important food and energy and youre also up. 2. If we look at the new methodology, of course, theres final demand services. Theres new things included. So were going to have to do some of our homework. Lets look at year over year on the final demand. Thats up 1. 2. If we look at core ex food and energy, up final demand, up 1. 3, hotter than last look but not as hot as 1. 4. Housing starts for january. 880,000. Thats, of course, seasonally adjusted and annualized. Thats a miss. Probably weather is a factor. The extent is a debate. But the last look at 999, under a million was revised to close to a million 50, so 1. 048. Lets look at starts from a percentage aspect. Taking account the big upward revision, then disappointment, thats spread. Down close to 16 . Permits down 530,000. That was also a miss. Last month there revised as well. Nowhere near the horsepower from 986 to 991. To give you a face on 880,000, you have to go back to september to get a lower number. In between september and now, we have november, which was over 1. 1 million. Of that the best since november 07. Slippage here. Ill let Steve Liesman try to figure out temperature, snow, reconciling how all of that made a difference in a Housing Market that mostly is already impacted by winter and seasonally adjusted. Back to you. Steve. Thats a tall order, rick. I would say weather, and weather makes a lot of sense, except for the fact that northeast starts were up 62 , which you wouldnt think would be the case in january. Maybe january was okay here in the northeast. They were down 68 in the midwest. 12. 5 in the south and 17 in the west. Not a lot is good explanation there. Rick was in a revision up in december did you recall here . Let me take a look. December was huge. On starts it was from 999 to. 148. 986 to 991. Steve, do you see the nonseasonally adjusted data in the northeast in that will give you an idea how much the adjustments that are built into the number may or may not be already compensated. I dont see that, rick. One thing i do know going into this number, if you had a big decline in starts but not necessarily permits, that would be a good indication of weather. You can go and take a permit out whether or not theres bad weather but you cant necessarily start a home. I think a pretty good explanation. The point to take away, permit down only marginally. Thats important. Im surprised we didnt have Housing Starts worse than 880. Im surprised they werent below 800 given weather conditions. What i think is interesting, the economists not only do they have trouble forecasting the economy but a lot of trouble forecasting the weather forecast. Really . The weather guys do a better job forecasting the weather than economists do forecasting weathers effect on the economy. They knew it was going to be affected. We still went in with a consensus of 950. Dennis, i have to say its not clear that weather is all thats going on here. I think the best explanation for the weakness in the data i have is a twopart explanation, which is we definitely had something of a runoff or payback for some of the strength in the third and Fourth Quarter. Going to rundown inventories. I think thats expected. Rick, how is the tenyear reacting to this . My take on this is that the stock market looks like its been mostly looking through this and seeing more weather effect than anything else. The stock market definitely trying to call a friend in terms of looking at this data is a bit of a crutch. I will tell you rates were already moving lower before this came in, hovering around 268. We havent closed below 270 since a week ago monday to put a face on it. We shed another basis point or so. Depending what maturities you look at, of course. I think in the grand scheme of things. I havent said this in a long while. I think two things on fixed income markets. Not looking to weather large asterisk, maybe bond market taking a broader view because of the length. Ill tell you what, whats going on in ukraine, ive never seen so many traders looking at links to riots and issues going on in that part of the globe on their screens yesterday than i have in a long, long time. How much that may be affecting yields may be something to be debated as well. Rick, i dont know if you want to do this on air but send me an email. Whats the question you want me to ask later today, other than why wont you stop . You know what, i guess it would be whats wrong with kicking the tires. I hear so many people try to fit weather in and try to look at issues between structure and cyclical and employment but it seems as though the media world at large, other than, of course, the debate on cnbc, just assumes there must be a benefit to the programs. Ill tell you what, the more i talk to people, i had somebody on yesterday from john hopkins university, im tell you what, cross benefit analysis is lacking. Thats, i guess, what id ask him. Joe, im sorry to tease an interview in another show. As far as youre concerned that doesnt exist. Weve gotten used to it. Nothing happens after 9 00 a. M. Like the market we keep hearing about. In saudi arabia there was no history before mohammed. In squawk box there is no television after 9 00. Its okay. Hes a fed guy. Thats cool. Thats cool. Nice to see you guys not yelling at one another. Very impressive. Thats the trouble when our minds wander. When theres data and stuff to figure out we do our job right. Thank you guys. Good to see you. Some anchor is supposed to read this. This is for you. You should do this. Okay. Next the squawking dead. She takes out zombies with a southward. Actually its a katana. His network on an amazing run. Actress danai gfwhoern as michonne on the set next. And a great crew. Ive also learned how great it is to do the things you love. Thats why im happy to be part of the bass pro family. Because a name you can trust, people who stand behind you, and equipment you can count on engine starts mean everything to me. Bass pro shops. Where commitment, passion and the Great Outdoors all come together. In a we believe outshining the competition tomorrow requires challenging your Business Inside and out today. At cognizant, we help forwardlooking Companies Run better and run different to give your customers every reason to keep looking for you. So if youre ready to see opportunities and see them through, we say lets get to work. Because the future belongs to those who challenge the present. Box, everybody. Weve been watching futures. We have seen red arrows. You see dow futures down, paired losses by half. Dow futures down by 22 points below fair value, s p futures off de los four numbers. We did get housing start numbers. As weve seen with other Economic Data and even earnings it looks at that point like traders are willing to look past bad numbers and say this is a result of the weather. Also john malone making plans for the day he decides to exit some of his vast media holdings. Hes giving Discovery Communication executive and liberty executive the right to first refusal to buy shares in the companies. Thats according to s. E. C. Filings. Malone has a 50 in discovery and 40 in liberty global. I dont think we got permission for that. Anyway, season four of amc networks the walking dead under way, continues to perform well in the face of stiff competition obviously from the olympics and nba allstar game. Joining us Charlie Collier and danai gurira. She is michonne from the walking dead. I have a katana on. People dont know. They call this a sword. The samurai used katanas, people know that. This is something youre famous for as michonne. Its a very cool thing they came up with to create this character to found a sword and figured out how to use it in the realm of the apocalypse and got better and better at it. Very cool scenario. You can reuse the arrows. Can you say green . Whip it out. Asked me if i was going to whip it out. That is sharp. Can you get it all the way around. This is how it works. Im not going to take it out. It is a real one, one of a collection. The Fourth Season i did talking dead as we know over the weekend and it was awesome. You were on the talking dead the week before. With you here, can i just talk about season for for just a second . We talked about it a lot on the talking dead. Is everyone sort of grappling with whether to go on. The prison could have been an idyllic setting. It was kind of depressing, at least youre safe. Everybody is spread out. You have to decide do i want to keep doing this or not . Some tape showing you when you ran into your doppelganger, is that me when im dead . It is an amazing thing. To survive this far, it really does take a certain type of human being, certain type of individual. Really going through the level of trauma they have gone through and finding stability and then going through destruction at the level they did go through and the displaysment component, brilliant of the writers. It really is a component of war like when people get displaced. They cant find each other. They dont know where anyone is. A question, do i want to go on in this realm, there is no end in sight. A testament to these characters in terms of how they respond to these things. They are choosing to continue and have hope. Didnt you see darryl sitting there, wasnt responding. He was antisocial to start with, became social, then lost everyone. Glen i thought was going to give up. Her she will would say find herschel paragraph i just got home last night. Have you seen the whole series . Im pretty up to date. You could get a lot out of her. I might know a lot but getting a lot out of me is another question. Shes well trained. We should point out were the network of the olympics. This is the greatest Winter Olympics weve had, one thats out of the country, huge ratings. Its gone really well. Im hesitant to bring up in 18 to 49 even with that competition for the second week in a row we had more 18 to 49s. When you see that, charlie, did you ever expect that . Its remarkable. When you see the television norms to have the number one show against the demo we all covet is something we obviously didnt plan for. Then you see it up against iconic programming, nba allstar, olympics this week, its remarkable. What we try to figure out, andrew, and this is whether i bring you into the conversation. Thank you. Youre not a fan. Ive never seen it. Its bloody. You may not like it. Theres a lot of violence. Its not your you like the verbal hurting in house of cards. Breaking bad. What is the niche for content now . How does a network that used to run old black and white, touch of evil suddenly get original content and have the number one show. Its bizarre. The character. I get to sit next to danai here. The first thing you mention, great to get back story. Finally find out where michonne came from. Theres a lot to that. The characters and journey they take. You spent years now. You loved breaking bad. The journey walter white took from every man, the teacher, into scarface was a journey like nothing you would gaetane twohour movie. What changed . I used to be somebody who would watch law and order. Somebody who could walk in and not worry about this. Whats change, i could watch whatever i want. I watched the whole thing on dvd. You can develop these. Thats whats remarkable. In a world of fragmentation, even again olympics, theres still a moment have you to come back for. All the catchup mechanisms have helped build that watercooler moment. Comcast timewarner. How dare you. A lot of content companies not thrilled about it. Youve heard the grumbling. Where do you stand . I look at it, for us, in the he said, if history has taught you anything from mergers, content will win out. What we do and focus on, why were here, what we focus on great content. You dont care. We have a platform to reach consumers. In the end timewarner, comcast. Are you supportive of this transaction . I look at it as they have both been great partners for us. For us its always about the content. My other real business question is will you guys remain independent . You guys are one of the few independent networks out there. Thats right. The question is do you have to remain independent . What happens to you . I assume in this world where content is king, some Bigger Company actually slowing down in terms of growth and sees whats happening here, ive got to have this. I cant comment on what other companies will do. Were thriving. Driven by content. Well keep focused on that. Wont give away anything. You know how many people, everybody split off on their own. I know. Certain people are not dead. They come back and you cant believe how happy you are to see some of these people. I know who i want to come back. Some are not coming back. Some may not be coming back. At the very end, this is not going to give anything away for you. At the very end, youve seen this, three new characters. If you know anything about the comic book character, in the end theres three guys. Watch how they pose at the very end, freeze that. Look at her elbow, where hes holding the gun, he has walkietalkie. My son saw this and said thats from issue 53 of the comic book series. He knew exactly what issue it was. But look at the cover of issue 53. Her elbow is the same. Hes holding the gun the same. The guy on the left, thats eugene is holding a walkietalkie. Its identical to the comic book series. I think they are on 140 issue of comic books. This is issue 53, and you own all of this. You never need to stop. Robert kirkman. You dont have to split this with anyone. This could go the right show runner. You can no longer call me a nerd. Its my son that said thats issue 53. Whats great about the show, it appeals to the comic book fan and those that would know what issue it is and those that love the characters. Putting this show on compared to like doing seinfeld, without the talent involved. We do an hour. Its an hour drama. Its a different scale. Were consistent with most highend cable dramas. In this range . Higher or lower. Depends on the episode but in that range. Danai, youve been doing this a long time. Did you expect this when you first got involved with it . Did you think your character would have such a long life . When i got involved with it, they had already built the amazing product. I got to latch on at an opportune mom. They had done all the groundwork, built the amazing fan base. Michonne was popular from the comic books. It was a daunting role to step into. You caught me by surprise. I didnt know your background but you managed to pull me in anyway. This is where she loses it. I think you killed your two pets, too, didnt you . I did. They no longerpurpose, you know your exboyfriend gave it to you and you need to move on, you know, so she had to let go of the blender. On chris show, on the talking dead we did do a quick look ahead. Where the hell are you looking at that art . Can you tell me where that is in the is that the next episode . You are looking at some i cant tell you that. You cant tell me anything . Im looking at art, that is true. Your two original pets, are those the guys from the first . Those were her former lover and her friend. Yeah. You go with that. Yes. You know, it was really you werent married and you had a kid, right . Is that okay . Shes okay with that. But, yeah, no, its been really kind of cool to go through the process her because it was stepping into an amazing product and stepping into an amazing story and, you know, adapting it to television with an amazing team of writers and going through a process where its really cool to step into a character who was very, very isolated and very emotionally, like, suppressing everything. She wasnt supposed to be this big, i dont think either, but you killed penny and then you ended up running the sword through. Youve had major moments. Well, and look what you bring back you cant get rid of her. What she brings out in carl as well as rick is trying to figure out what its like being a father. How much do you want to see you open the door and they come in . When is Better Call Saul . Thats Fourth Quarter. Thats for you. Thank you. Youre happy about that. Im a big breaking bad breaking dead. Thats the next one. Synergies when squawking dead and walking dead so lets keep up the relationship. Walking dead. If you will wear the machete every day . If i have this here i might because i can easily i already take the verbal abuse. Im a little anxious. I need to turn that into something that things real. I know its real. Thank you. I need a sharpie for tonights assignment. Thank you, thank you for coming in. Thank you. Thanks. When we come back, joe gets a chance to see cold play, really . An announcement from apple. Squawk box will be right back. ] we dont just certify our preowned vehicles. We inspect, analyze, and recondition each one, until its nothing short of a genuine certified preowned mercedesbenz for the next new owner. [ car alarm chirps ] hurry in to the mercedesbenz certified preowned sales event. Visit today for exceptional offers. [ male announcer ] even more impressive than the research this man has at his disposal is how he puts it to work for his clients. Morning. Morning. Thanks for meeting so early. Come on in. [ male announcer ] its how edward jones makes sense of investing. Body pain . Back pain . Try bayer back and body. Its bayer aspirin plus a special pain relief booster, to relieve sore backs and soothe aching muscles fast. Get moving again, with bayer back and body. Welcome back to squawk box, everyone. The futures this morning have been indicating a little bit lower, still are, but looking like they are at the smallest losses of the day. Right now the futures are down 18 below fair value. And apple announcing its first itunes festival to be held in the United States. It follows a similar event the company has held in london. Apple says the u. S. Festival will be held at south by southwest in austin from march 11th to mar 15th and it will feature cold play, joe, your favorite, along with imagine dragons and keith urban and pit bull and much more. Lets macrame jean shorts and go there. With spinach dip . Thats a great idea. And well have the ceo of Green Mountain coffee brian kelley, thats not brian kelley. Thats during the 11 00 a. M. Hour. To look for the best possible price, maybe even better than you expected. Its all part of our goal to execute your trade in one second. Im derrick chan of fidelity investments. Our onesecond trade execution is one more innovative reason serious investors are choosing fidelity. Call or click to open your fidelity account today. Stock of the day, garmin, the company reporting Fourth Quarter profit of 76 cents a share, 14 cents above estimates. Revenue also beat. Garmin was able to generate 50 of sales from nonautomotive devices. I thought people used ways now, when did they use garmin . Some automobiles have it built in. But going away and thats a sad story. The stocks been doing okay. I dont know. If you havent heard it by now, it is andrews birthday. Happy bird dbirthday. Thank you very much. We have special guys calling in to say happy birthday. Henry and max. Happy birthday. Hi, henry and max. Happy birthday happy birthday to you thank you, guys. Happy birthday dear daddy, happy birthday to you so nice. Henry and max, thank you, guys. Good job. You guys did a great job. Ill see you soon. Thank you, everybody. Thank you, guys. Happy birthday. Thank you, thank you. Ill bring it tomorrow. Make sure you bring it tomorrow. Thanks, henry and max and pilar. Squawk on the street begins right now. Everybody move your feet two of the cutest kids on the history of the planet and we have to follow that . Good wednesday morning, welcome to squawk on the street. Im Carl Quintanilla with simon hobbs and david faber at the New York Stock Exchange and cramer is off this week. Weve got a busy morning to get through as the temperatures in the northeast are mild but the effect of Winter Weather is taking its toll on Housing Starts, panera earnings and a lot more. Tenyear yield well be on alert for fed news this afternoon and mixed markets in