The dow futures are up 23 points above fair value. The s p futures are up by 2. 5 points and the nasdaq is up 5. 5 points. As for the markets in europe, you can see things are decidedly worse with the cac down. 70 . The dax in germany is down. 60 and the ftse is off. 30 . In the meantime, the russian micex indicated slightly higher trading higher this morning, but this comes after steep drops over recent weeks because of what was building up in the situation in ukraine. And the dollar at this point, at least in the morning, youll see this stronger across the board. Euro trading at 137. 73. And the yen is at 102. 456789 andrew, over to you. We have big Business News with apple tv a little closer to actually happening. Apple now reportedly in talks with Nbc Universal parent comcast about a streaming Television Service that would allow apple to bypass congestion on the web. The wall street journal reporting that discussions are in the early stage and there are many hurdles to cross before a definitive agreement could be reached. According to the report, apple looking for special treatment from comcast Delivery System to bypass congestion. Apple has been in talks for a faster tv set with Time Warner Cable that recently agreed to be acquired by comcast. Netflix agreed last month to pay comcast for faster speeds throwing open the possibility that more content companies will have to shell out for better service. Take a look at shares of comcast right now. Youre looking at 49. 95. Thats coming down a little bit. At one point it was over 54. Take a look at apple shares, 5. 38 to 5. 39. They are talking about using the management delivery service, the service you are seeing now if you are watching comcast at home, thats a different wire effectively than the internet wire. So it will avoid buffering. We have some other cloud news, if you will. Cisco systems plans to offer cloudComputing Services now. The wall street journal saying the tech giant will spend about a billion dollars over the next few years to enter a market currently led by the worlds Biggest Online retailer. Of course, thats amazon. Cisco would spend that money to build data centers to help run cisco Cloud Services. Cisco wants to take advantage of increasing corporate demand for renting Computing Services rather than buying them and maintaining their own machines. There is a man who is back at the table. Joe kernan. Im confused, andrew, you need to help me with the apple thing. Apple is calling up about five, they are the ones who benefit, but their market cap is 475 billion. And comcast is, like, 130 billion. I just i dont know. I dont understand what which part can i help you with . It seems like comcast has a lot of market cap appreciation to be gained over time. Whereas any company that gets almost a half a trillion in the past has had trouble, weve never had a trilliondollar company. There will be one some day. Maybe apple is it. The question is how much apple ultimately shares with comcast. If looking through that article, one of the things apple wants to do, im not trying to bypass comcast because they are part of the deal, but they are trying to bypass comcast in terms of how it gets and relates to the customer. For example, use your apple i. D. Then you wouldnt go through comcast. You would buy the device at an apple store. Theres some kind of margin compression, i would think. What does that mean, comcast is effectively a frenemy at that point . Youre competing and comcast is a partner, but effectively comcast becomes the pipe. Comcast is the pipe that strips off all the additional stuff that they would normally be selling. In some way, you are a competitor, right . I decide to buy from comcast or buy apple being serviced by comcast well, i think youll either get it through comcast or get it through an apple store. Either way. Its sort of like verizon using apple phones. But the pipe is already existing to my house, right . If im going to be doing it, i would be a comcast customer already, potentially. But the idea also would be you are not going to get new customers. The idea is it would open up the market. If you think about comcast over the past couple years, just in the past year, comcast gaped new subscribers to the Video Service. This would add much more to the Video Service or extensively thats the thinking. All the cordcutters could come back on with the additional marge for comcast and apple to gain. Thats the concept. I cant get comcast right now at my house. The pipes dont exist there. I have my choice between cable vision and veryize up fios, so im not going to be a new customer for comcast. You are out of luck until fios or cable vision creates the same deal. Thats what i mean. If comcast is taking all its existing customers and potentially cannibalizing them by bifing them to apple, they would still be serving them thats the question, the margin compression on current customers. I was reading, and i didnt read a lot trying to catch up, but people said apple needs to do something soon. Because the bloom is off the rose on the latest the information launched yesterday while you were out, but beerends says the stock could be up 20 based on the bigger screen. March madness is out and you looked at beerends . You might be the only person that is still i saw they had some i have information now that is useful to you. B beerends says they are up 20 . I saw the cover. You did read it. I saw it said another subjective list of blah, blah, blah. Theres only one list. You can click through on things. Theres only one list called the top 25. The other lists are just, you know they are wanna be imitators that are meaningless. Thats the list. All right. The Justice Department is looking into whether gm had or hid an ignition switch defect when it filed for bankruptcy. If it knew it back in 2009. The New York Times reporting that the feds want to determine if gm committed bankruptcy fraud by not disclosing the problem. And whether the company understated the defect when it was talking to federal safety regulators. Gm says it is cooperating fully with authorities on several points. I did actually read a lot, and i got the journal every day and had to read it all on the plane, i was going back to read this stuff that happened. Doing your homework . It is much easier to predict whats going to happen when im reading it and its already i already new all that stuff, but homer jenkins, the cafe standards caused a lot of these companies they have to make smaller cars, like cobalt for the mix, they were afraid to do any type of recall to screw that up because they have to sell so many trucks just to subsidize these crappy little cars that they are trying to sell that dont make any money. Once the trucks but theres a government influence, theres a government i was complaining about this last night because toyota, we ended up buying a sienna. Its a 7passenger car. Its a minivan. Youre driving a minivan . Yes, you knew that. But the option was, you can get and eighth seat to go between the two captain chairs in the middle and make it a ben ch seat to fit eight people in it. That only comes if you dont get allwheel drive. And i think it has something to do with the weight of the allwheel drive and that chair. And i think its the same reason, because the cafe standards that you cant get i wanted the eight chars and allwheel drive, you cant have both. Did we ever figure out with the toyota, was it a floor mat that caused it sounds like it. You saw the transportation secretary imply that there was some weird Software Glitch causing it to happen. When, in fact, unfortunately when people get older, they do mistake sometimes they mess one the accelerator versus brake, that causes a lot of accidents, but there was never a smoking gun. It was a floor mat. Eric holder came out to say the biggest problem was the company was not cooperating and was trying to cover stuff up. Thats why the massive fine came along with it they agreed to pay. Welcome back. Where were you . And why arent you on the show . Hes supposed to come on. Well you still want to come on all the time. You know what . We are just going to black rock him constantly then. But he doesnt care anymore. He doesnt care. There you go. Your hair got long while you were gone. It looks good. No kidding. People think i was skiing, but i was getting a new system. It takes time for the plugs to heal and the scabs. I like your hair long. You like my hair long . Im like samson, thank you. The rogaine, the entire time i was covered with foam. The entire time you think people are skiing but i was getting work done. Those twitter pictures, those were old. Your eyebrows today are manly. I mean, seriously, if i had those things they are getting thick her . No, but it looks like you are thinking a lot to me. Which you do, dont you . I have something for you that i want to talk to you about in a minute. I dont know whether you read your own paper over the next block well do that. China is demanding answers from the u. S. Following reports that the nsa infiltrated the servers of huawei. Those reports came from the New York Times this weekend citing documents leaked by edward snowden. The documents showed what the nsa obtained Sensitive Data and monitored communications of huawei executives. This operation was designed to uncover connections between huawei and the Chinese Peoples Liberation Army and exploit the Companys Technology and conduct surveillance through networks sold to other nations. Ive got a lot to talk about, but Internet Security could be one of the topics on the table when president obama meets with the chinese president. And the president arriving in the netherlands earlier today on his way to participate in the Nuclear Securities summit. In the evening the president is going to attend the g7 leaders meeting on the situation in ukraine. Apparently the president congratulated the dutch on their speed skating. And he said he really loved han franker and tulips. Those were the things the president could come up with that he knows about holland, but john harwood is joining us from mercer, not from mercer, d. C. And youre from harvard . Oh, did you hear him . He came right back at you with harvard. Thats painful. I fell for the stupid cincinnati trick, too. Do you know how many painful did you just write it off after that, john . You havent had to go through the stuff i did. I had providence. I had the shockers. The shockers, they had a shot to win at the buzzer. It took them a long way. Not a great shot but they did have one. They should have given it to clay anthony or to ron baker. They didnt get it they had nine seconds. Those guys were smothered, though. It was a terrific game. Great, great game. Did you see the threepointer that the kentucky guy through up falling backward that hit the top of the backboard and went in . Thats the kind of stuff that happens that is a dagger, but then ron baker hit another one to hit the backboard, too. Ive got three left that could get in the final four, john. Thats all im going to say. What do you got . Still got kentucky, still got arizona, and i still got iowa state, which was a great game. Their best player, just my luck, breaks his foot, george. He breaks his foot and it is just your luck . Yeah, because i picked iowa state to go to the final becky, thats how you spell narcissism. But kane, they were still good. I love iowa state. Did you fill out a bracket, john . I didnt, actually. I usually dont, joe, because i tend to follow my own team and not others. So its like i might as well just, you know, throw pain up on the plaque et. I get hurt with my heart instead of my i know nothing about it and listen to you and that hurts me, too. What do you mean it hurts you . You are in sixth place beating me. Am think. Yes its not over. Becky, i will have to say, if you think about joes larger value structure, having cincinnati beaten by harvard, thats got to be he needs some comforting on that. Why do they even play basketball . I thought it was a sure pick. Throw the ball here. I mean, you know, ivy league basketball. You realize the harvard coach is a duke guy. Yeah. Jabari is gone, andrew wiggins, hes probably gone. The best thing that happened yesterday was Charles Barkley was on television and he said Jabari Parker needs to stay another year. I love charles. He said a lot of these guys should stay. Theres no reason he mentioned that kobe did great, but some of the greatest players did not immediately i wont bet on it, though. Its still wait until friday night. Iowa state versus connecticut is going to be great. Thats going to be great to watch. Theres other good matchups going on. Is this a Business News whats the president theres no troops, are the Russian Troops at the rio grand yet . We are not worried, we gave them san diego, but whats going on . A bad situation. The administration has to hope that the steps that they are taking will dissuade the russs from going beyond crimea. Youve got some criticism from within the president s up party, some of the Foreign Policy community saying he hasnt been tough enough on the sanctions. Nobody, of course, is advocating using military force. So you are left with calibrating the sanctions correctly. They do seem to be beginning to pinch the russians, but i dont think anyone has a sense of oupt michl, joe, that they can roll back what has happened in crimea. Its about what happens from here, whether he goes further and whether or not you can show the rest of the world that, in fact, there are costs and consequences in a way that dissuades other people, china in the South China Sea and that sort of thing from making similar aggressive moves. Yeah. I havent talked to when andrew is not i get backup for things i want to talk to him about, and becky, but andrew, even more because we like to go back nate silver, you think is like the jegenius of all tim are you writing him off . You think hes brilliant . The last time you made a prediction about the president i love him. Hes so good. Hes so good. I think that nate is a stats guy. Right, he doesnt play sides. I dont think he has any political view at all. He thinks the gop is going to win the senate,easy. So youre not going to ive always liked him. I dont know where you stand. Except for except for three years with jobs. Its not gone, but they have a good shot. Look, they had good shots in 2010 and 2012. They didnt come home. They still have a very, very good map. Most of the races that are most critical are on republican turf. The president s low. He has a horseshoe and gets very he says it happened for him. And the minute mum wage, hes going to use some of these things, i bet you, im not writing off the senate yet, ill tell you that much. On the minimum wage, the republicans, this is something they could take away from the democrats. But look, you dont have to be nate silver or any kind of stats geek to realize that the senate is in danger. And i kind of got a kick out of the weekend when nate wrote a piece describing prospects for the senate and said, my picks are very close to those of charlie cook and stu rothenberg and others that do this for a living. Just a reminder, hes not the first person to come around to figure out odds in campaigns and average polls together to make a statistical representation. What month is it, is it april yet . Theres more than one smart person in the world. Its march. So lets see, march, november, thats three plus hmm . Its a long way off. A lot of things, a lot of things can happen between now and then. What democrats have to do, joe, is have a few of those embattled democratic incumbents who won in 2008 with the president and figure out how to hang out. Its not going to be easy. Its not impossible for the democrats to hold on. Dont forget, the republicans ability to snatch defeat. They are better about that this year, though. They are doing better at keeping themselves out of the story. Well see. Thank you, john mercer, from washington. Thank you. And thank you, joe we are knap kernan. Coming up, the first victim of the jpmorgan story. An executive in china is resigning. We have that topping the executive edge when squawk box returns. Welcome back, everybody. Right now its time for the executive edge. Jpmorgan chase chief executive for chinese morgan banking will be leaving the Bank According to a memo. A departure that comes amid a probe on the hiring practices in asia. The wall street journal which first reported fangs departure said he was a Key Authority in whether they investigate whether they violated bribery laws by improperly hiring chinese officials. You have been following this story pretty closely, andrew. Well, someone is getting thrown under the bus for this. Whether they should have been thrown under the bus, i dont know because i have larger questions about whether the program was really problematic or not. It appears as if it might have been problematic, but as youve said, when rome, do as the romans do, so i dont know what the i dont know what the right answer on all of this is. Its one of those things where you are in a place where probably they are well connected but almost the most well educated and coming from the pool of applicants that you probably are most likely to look at in the first place. Unfortunately, there will be once they start creating the lists, once they start putting not putting them on paper, but making lists and potentially shortcircuiting the process just watching what happens with the sanctions and the way people do business in other parts of the world different from here, its it makes it hard. It does, but you need to definitely play by the rules. The other question, are all the other banks going to get in trouble . Because im convinced that everybody was doing it. Why wouldnt you . You need to compete for the business. All the firms were trying to hire these talents. I dont know if they were talented people, but these talents, if you will. Some of them probably were talented. This is a story from sundays New York Times. Au revoir entrepreneurs. The dude that had to leave and move to london reminded me explain the piece. Everybody in france, everybody in france who is trying to sta