Listen up. If you are someone who has one of these cars, you can get these benefits. You do have to ask. Gm recalled 1. 6 million cars for faulty ignitions. 12 deaths have been linked to the defect. The company is facing investigations from the Justice Department and two congressional committees. If you take a look at the stock, the reaction came earlier this week when the news first started getting out and the news about the investigations really ramped up. You can see that stock at this point is at 35. 05. Well have more on this story throughout the show, including updates from phil lebeau. What has been interesting is some of the stories that have risen on usa today and some of the people that profiled these accidents. Who bought a saturn ion . It was a long time ago, but there were a lot of them sold. 1. 6 million ions . 1. 6 million cars being recalled. I dont know how you can say dont put a heavy key ring on your ring with a straight face. Seriously, thats your answer to this . No. Theyre recalling and exchanging, but in the meantime. And this is 2014. Yes. 15 years. Dont use a heavy key ring. Thats pretty crazy. The idea that a technician knew about this and saw this happening and really . If your key ving heavy, it can turn the car off and the wheel can lock . Thats you know, thats an issue that i would have liked to have known about before 2014. Another twist in the herbalife saga. The federal trade commission has started a civil investigation into the personal supplements into herbalife, but didnt reveal the nature of the investigation. But that news did hit the stock hard might tell mid day, down as much as 15 after being temporarily halted. Its very strange to if its 68, it goes to 60. This is after all the stories about ackman trying to get the word out and then it just it just seems like more than a coincidence, suddenly regulators do decide to look into it, its bizarre. The cover ended the day just down 7 . A source familiar with the investigation tells cnbc that herbalife was surprised by the investigation, but thought it was the best way to combat allegations about the companys Business Model and accuses video of bill ackman, the activist investor of 1 billion. They laid out several presentations, accusing herbalife of being a pyramid scheme. So far, ackman has declined to comment about the ftc investigation. He and carl icahn have gone head to head over herbalife when ackman first made his claims, the stock soared. A lot has been going on since then. It was kind of we had carl icahn on last week when we were in the city. But it hasnt gone away. I would think that its just weird. We saw how many different avenues that ackman had taken to get the word out with even going to china. You know, and now here we are. Although you can imagine that that probably put additional pressure on the agencies to look into this. It doesnt mean necessarily theyll find anything, but the idea is that some of the allegations that have been raised they say we know exactly what youre trying to do, but you got eight points out of it yesterday. It is a big day of Economic Data. We have a lot on tap to get started at 8 30 a. M. Eastern time. Jobless claims are out today. Theyre expectinged to come in at 330,000. Retail sales for february are expected to rise by 0. 2 . We have import prices out expected to rise by 0. 4 . And at 10 00 a. M. Eastern time, we get january business inventories. Those are expected to rise by 0. 3 . Also take a look at the markets this morning. Yesterdays mixed market, things barely budged. The dow was down by about 1 1 points. S p was up by just under a point and the nasdaq was up by about 16 points. Nasdaq finally snapped a fourday losing streak, but the dow industrials posted their first threeday losing streak since late january. You can see this morning, futures are indicated higher. Dow futures up about by 33 points above fair value. S p futures up by just over 4 points. And oil prices yesterday fell below 98 for the First Time Since early february. This morning, theyve picked up, but only by 5 cents. 98. 04 for wti. If you were taking a look at whats been happening with the tenyear note, at noint, its yielding 2. 73 . We get those jobless numbers today that the markets will be watching closely. And the dollar right now is down across the board. Dollar euro, the euro is at 1. 3956. The yen is at 102. 52. Gold prices yesterday settled at a sixmonth high. It was just over 13. 70 for that. Right now, its up to 1,372. 5 an ounce. Up yesterday about 2 just on the day. Chinas premier meeting the media last night after the National PeoplesCongress Session wraps up. Eunice yoon has the headlines for it. Good day. Im going to go with good day whenever i have to go as far away as you are. Im not going even going to attempt to determine good day. Hi. Joe, it was a really interesting day at the press conference, the premier basically acknowledged the very tough environment that china is facing saying that the economy is facing severe challenges in 2014. He said that last year the leaderships biggest challenge was the downward pressure that they faced on the economy. And he said that he believed that this year could become even more complicated. He said that the at least he hinted that the leadership would be willing to tolerate a slower level of growth. And this is what he told us about the target earlier today. Many investors believe that chinas growth rate this year could be slower and lower than the official rate of 7. 5 . What is the slowest rate of growth that you would find acceptable without stimulating the economy . Translator theres no denying that we may encounter a more complex situation this year. We set the gdp growth target for this year at about 7. 5 . This quote unquote about shows there is a level of flexible here. You asked me whats the lowest possible gdp growth we can live with thp the this gdp growth needs to support full employment and support peoples incomes. We want gdp growth that brings real benefit to our people, helps raise the quality of our efficiency and Economic Development and helps environmental protection. And the chinese premier reaffirmed that one of the major reform areas would be in financial services. He actually said that the country was willing to see some individual defaults and that they were unavoidable. Though he did, of course, come in and say that the regulators would be monitoring any potential impact that those defaults could have on the system. Now, one other area that he said was going to be important and youd see a lot of competition would be in the Health Care Industry as well as the old age or nursing home industry. Basically, industries that are really important to improve the lives of the people here. One more note that was pretty interesting was that he said that the war on pollution, which he declared at this National Peoples congress was a war on the what he called the inefficient and Sustainable Growth model and way of life that china has been living. All right, eunice. Keep us updated on that. Every day were talking about and for how long has that been . Every day for years. China has i dont know, were all counting on china for the Global Economy. And, you know, we dont want to put too much pressure on that country. Your question was the right one. What growth can you live with and its not just for china. What growth can the rest of the world live with, too. Ukraines Prime Minister is going to be addressing the United NationsGeneral Assembly today. He visited president obama at the white house yesterday. The president says the u. S. Will stand behind the countrys defense of its sovereignty. Mean wile, the Relations Committee voted 143 to pass a bill addressing the Monetary Fund and sanctions on russians and ukrainians as well as aid and loan guarantees for the new government in kiev. The problem is, it has to go to the full vote. Even after that, it has to be reconciled with the bill in the house at this point. Committee member senator bob corker expects the full senate to take up this issue when they return from recess on march 24th. Its an interesting situation. Yes, we stand behind you, but at this point were going on vacation for a week. Well talk to the senator coming up at 7 30 a. M. And coming up, the spring head stake, a dip back into the 20s. Windy. Is for the east coast supposedly snow, although i havent seen any yet. I am in denial. Me, too. About snow. I could hear the wind this morning. I know. You know what . Im just dish worry about the trees. But theres no leaves on them. So anyway, well get the National Forecast next. And could a small scale attack on the power grid cause a blackout nationally that would last . Scary. One of the stories that were buzzing about in todays executive edge. Dan gilbert knows a thing or two about basketball. He also knows a thing or two about business. And he knows a thing or two about Warren Buffett. The founder of quicken and owner of the Cleveland Cavaliers joins us tomorrow to talk about his billion dollar bracket offer. And his breakfasting busting bill heir friend will be with him, Warren Buffett. Squawk box tips off at 6 00 a. M. Eastern time. A. M. Eastern. Right now, its time for the executive edge. The wall street journal has a story outlining the risks of a National Blackout from small scale attacks. The u. S. Could suffer a coast to coast blackout if saab tors knocked out just nine of the countrys 55,000 electric transmission substations on a scorching summer day. Thats ard cording to a previously unreported federal analysis. A study by the federal Energy Regulatory commission concluded that coordinated attacks on each of the neighs three separate electric systems could cause the entire Power Network to collapse. It could mean darkness for weeks if not for months. No federal rules require utility toes provide substations except those at Nuclear Power stations right now. This was the kind of story i wish we wouldnt even run it. I thought about that, too. It takes a year or so. The one in germany they said it took to build and ship here. Ist took just a week to move it so it could be put in. And they still have to talk to people that pulled this off in Northern California with guns, they got in, they got out, they tried to close it down. You know, its just im not a survivalist. I dont have any water in the basement or anything. But this idea that this Orderly Society that we live in, it got a little bit shaken after sandy because it took three weeks for power to come back. And not having lights you dont have heat, either. So if it was the winter and the hotel rooms go, you go to the super market, theres no batteries left. You already see people hoarding stuff. And this is after two or three weeks. So we have this idea that, you know, we got this society, this crude shelter and clothing. Weve got it licked and we dont have to worry about it. I dont know what might happen. I thought the same thing, oh, my gosh, why are we publishing this, why are we talking about this . But its out there. Do you think they know which theyd have to know which nine. It may not be that tough to figure out. I mean, theyd have to know which nine, but it might be ones that dont have redundancies or the ones that must move massive amounts of power that you dont have a backup for and dont have a redundancy. Yeah, well you said on a scorching summer day because that would be the peak energy used when people are running airconditioners at full tilt, too. Maybe it would have to be perfect conditions. It doesnt make you feel exactly comfortable. I dont think like my kids, if they tried to recharge their phone and nothing came out of the plug on the wall, they would be like, whats happening here . But no, whats happening . How is this possible . Because its ubiquitous. Electricity, we just assume its cheap, its abundant and its always there. But, you know, we take a lot for granted. Yes, we do. Get ready. What else . Tuna . Canned goods. Beans. But what about your electric can opener . I dont have an electric can opener. Do people have electric can openers any more . Of course. We have a really crappy one thats so old, a magnet thats supposed to be on the lid, thats no there so the lid falls in and you no. I have a hand screw one. We dont do a whole lot of stuff out of the can. A lot of cans now open by themselves, tomato soup, green beans. Thats true. Another story for you this morning, the big banks may be moving out of the big cities. Over the next decade, wall street banks will be cut in half in terms of the proportion of the sports desk that they have in pricey cities like new york and london. They will be shifting those workers to less expensive cities in the developing world. This is according to a projection by Consulting Firm johnson associates. Today about half of the employees who handle back Office Functions and operations at investment banks work at high cost locates. By the year 2024, 20 of those workers will remain in expensive cities. Some firms are started this process. Goldman sachs has been adding staff to operations in Salt Lake City and dallas moving to less pricey cities here in the united states, not just in developing worlds. Morgan stanley has a large facility in baltimore and part of this is, as the banks have faced pressures on costs and trying to find ways to come up with cost savings, look, if youre moving to the developing world, its where the businesses and where the futures are going to be i mean, theres a lot of the environment were in right now, im starting to understand that theres this perception that because companies have done well, that theyre not sharing it with workers so we need the government to come in and do this. Thats obamas idea here. Were going to make sure they cant horde. Were going to and, you know, on face value, there are probably people that say its a good idea, probably to get a majority of people, so its an issue that you can use in an election. But its its really not econ 101. It doesnt make a lot of sense. My idea, and im going to propose it to welch when hes here and im going send a letter to the president , ive got an idea for full employment that someone sent me yesterday. Oh, i know what this is. What . I heard you laugh when you saw it yesterday. Lightning boats. Right. I think we need to do this. I do. I think this administration might think, you know what . Thats a hell of an idea. Do the minimum wage combined with the viking boats. Because everybody has got you see those boats . Uhhuh. Theres rows and rows and rows. And i think we could be at zero unemployment, probably. It just seems to make sense to me that might be something all right. Enough with that. You know what . Given these idea thats im reading on the front page of the new york times, this is not out of the question for where we are right now. Viking boats. Malaysian officials, meanwhile i dont you know, lets see whether sri has heard this. The wall street journal is the one reporting this, right . But isnt it six days now . So many weird things are coming out days after the event. What did they know . When did they know it . I understand why rollsroyce may not have been running to the press with this information. This is the idea that rollsroyce, this is a crazy story that rollsroyce was still getting updates because it had its engines sending reports back to rollsroyce to tell them a little bit about it. And as a result, it realizes that that flight may have been in the air much longer than originally suspected. Maybe four ours longer. Sri has more details now from kuala lumpur. Sri, you give conspiracy people an idea that the tran responder was deliberately turned off and it flew for another four hours. And i dont know, you can have i mean, you can put together any type of narrative that you want after that point. And people are immediately going to say i think sri, were having problems with the shot. But i dont know whether you heard that, sri, but you put together someone turning off the tr transponder and flying for an additional four hours, in my mind, find an air strip. I dont know what you do with the people. And then you use the plane for some horrific use later . You give the conspiracy theorists something to chew on and theyre going to come up with all kinds of stuff. Look, joe, that is one of the theories and lets face it, theories have been in abundance across this tragedy and across this crisis now as the way that i would describe it, the missing flight mh370. But what we got earlier today, earlier this morning was some compelling leads. We had china release some satellite images of what could be floating objects in the south china sea. Now, malaysia and vietnam did scramble some planes to go and verify whether that was the case. Now we are hearing from the transport minister that those reports were released, those images were released in error. Which is absolutely astonishing. And it begs the question, what is going on here in terms of the cooperation between all the all the parties and the stakeholders involved here. And then on top of that, we had these reports also, as you quite rightly mentioned, that the plane was still airborne four or five hours after it disappeared off the radar. Transport minister said those reports were inaccurate. So were really back to square one. Once between, we have this situation where we almost have a deadly occurrence of leads of information or theories only for them to be refuted. And you could imagine the frustration here was absolutely palpable amongst the press corp. You can imagine how the families of those passengers are feeling at the moment. If there is anything positive to take out of this, its that the transport minister said, look, nls until we find any lost vestiges or anything resembling wreckage, were going to keep looking and were going to keep expanding the search area. Remember, this is one of the biggest challenges, the search area already is huge. This is a monumentally challenging task. From what i gather, just one of the search areas is the size of spain. So you can imagine the effort that has to be put into this. Let me tell you this, no effort is being spared. Theres now a <