Deflated balls . That would be a bad bet. Lets get you through some of the big stories theyre watching this morning. The first read on Fourth Quarter gdp at 8 30 eastern time. Forecasters say the economy likely grew at an annual pace of 3. 2 . And then coming up on the earnings front well be looking for results from chevron, eli lily and mastercard all before the opening bell and in global news Russia Central Bank made cutting rates unexpectedly. The rouble extending losses after that news. Hell join us from moscow in a couple of minutes. Number of stocks well be watching today. We mentioned google at the top. Declining online ad prices. Also Unfavorable Foreign Exchange rates. Google has been a great stock though. Well keep an eye on it throughout the session. Amazons earnings were much better than expected on strong holiday sales. The company gets about a third of its revenue from october to december and its Current Quarter guidance falls short of consensus but were going to look through all of these things and decide which way to play the stock with an analyst that covers google and amazon in a minute. Visa topped wall street forecasts. The company pointing to strong Holiday Season and strengthening job market encouraging people to spend and also afounsed a four for one split of its common stock. Shares of deckers, cutting its full year forecast because of slowing demand of its ugg branned shoes in the u. S. Broadcom exceeded expectations. Check out the shares of synaptics please. They make display trooifrs for smartphones. Latest results were above expectations expectations. You have to divert your eyes if you dont want to see the price. Its right over your shoulder. What if someone didnt want to check it out. Theyre like this guy is bossy. Theyre watching the channel for a reason. They may not want to look at it. Theyre smaert. If you would like to look at it. Here is where it is. I dont want to be pushy. I would like to show you a few other stocks. A little bit of decorum. Costco came out with a special Cash Dividend to 5 a share. Take a look at those shares this morning. Honda is cutting its annual profit target. Setting aside hundreds of Million Dollars in cash. Valiant is buying Prostate Cancer vaccine from the drug maker. The price tag almost 300 murder in the Second Degree but thats what they were already making in revenue. That was part of the problem with what brought them down. How expensive the drug had been. This is one of the deals. This deal is subject to higher and better bids. The fda approving two six dose hiv pills. They combine inhibitors made by johnson johnson. A boosting agent is produced by gilead. And shake shack is making its public debut. The new york based burger chains ipo pricing at 2 is a share above the 17 to 19 expected range. The offer valuing that chain that started as a hot dog cart if you remember in Madison Square park at about 700 45 million. This makes no sense. They have a couplel dozen stores. How many are there . The number is 30. They hope to get to 450. Buzz feed has a hilarious map of all the places they could go but i dont know. Just seems tough. But you dont want to miss a restaurant tour. Danny meyer is the founder but also the ceo of shake shack on squawk on the street later this morning. Lets check on the markets this morning. Well take a quick look at where the futures are after a great day yesterday. I guess some of that had to do with claims numbers. I dont know whether good news is bad or bad news is good or what anymore. It looks like the fed is going to remain patient but theyre still on track and every time we get a good number if theyre going to be patient we have the rest of the world cooling inflationary concerns. You think sooner or later people come around to this being seen as a positive. Hopefully the gdp number isnt too far below Fourth Quarter when we did 5 but theyll get some back. The futures were down more than 100 points earlier. Yeah . Yeah. Do you think its fair . I have no idea. If they price it and sold the stock and its going to open there then its fair. Its just by deaf situation where the supply and demand with the underwriters and how they work you may be right. A year from now it could be down 40 from where it is but could be up 40 . I dont think we have any idea. I. I think you like uber stuff better. This is just food. Look im a big we go there all the time. If they can deliver it over the internet it would print it on a 3d printer. I dont know if you can yet. You can do it. Im trying to think of an airbnb. If you could get it from the cloud youd like it. Its just too low tech for you. Thats what i want. You want a 3d. 3d printer. If i could print whatever i wanted at home and then eat it. I dont understand the whole concept. Especially like printing organs or something. I dont know. Its a little above us. It is. Lets look at europe at this point in morning and see whether we can glean anything from the action there. Its pretty flat. That scares me. 740 points. Its just not that many points in greece but a little bit better. Better today. Well see what happens. Lets look at asia. Quickly. The asian markets down 1. 5 and as far as shanghai goes lets look at oil which yesterday was bottoming at 40 to 45. Cant go much lower than where it is according to all of our guests. 4495 was the close. The ten year it inched up a little in terms of a 173 yesterday. Its back down to 171. A great month for bonds. No one would have thought you could make a lot of money down to 1. 7 but you could have. The dollar versus the other currencies, great time to go to europe. Getting better and better at 113. Thats improved. That was at 112 before and well check out gold which got close to 1300. Its back down a little and now back up today though to 1264 but remember we were down at 1200 for awhile. Almost got too much. You can see it on the right hand side of that chart. It has been in a mini bull market. Lets talk about the technology apology juans. Google and amazon posting results. Google missing the market while amazon posted a blowout quarter. Back with us is collin Senior Technology analyst at bcg financial and you said yesterday you thought this would be the time for amazon bringing in profits. They came in for profits almost three times what was expected. Joe asked do profits matter . Clearly they do. The market reacted quite positive. We were looking for that north american operating margin segment to rebound and we got it. We got more than what we were looking for. Its still a 5 margin. Its still a very low margin business. Their Forward Guidance is still for a loss to a very small profit. Nothing has fundamentally changed. Its still jeff besos constantly investing but they did show the leverage for the model. For the quantity of revenue you have a lot of profit. Youre saying they did it this quarter just to prove to the street we can turn it if we feel like it . Hard to say if they intentionally did it or didnt. We talk about the publisher brush up that did depress margins in the september quarter. We got a nice little rebound. Its important to remember their net income was 214 million. It was actually lower than the prior years december quarter. So the Market Reaction gained 15 billion. North of 10 . Yesterday when you were saying you thought this was going to be a great time to be in amazon this morning its up 345. Do you still like it at 345 . Do you still buy it . Yes because the momentum is back in the name. Seeing these big swings in the stock is something that makes it difficult to own, right . Because like i said the thesis and the story really has not changed. Theyre still going to be investing. Well see how the march quarter tracks but they could go back to posting losses. You said yes but sounded more hesitant. Had a nice big move right . Maybe not. So you take the money you gained and like i said the momentum is in the name. Lets see how march quarter tracks. Lets talk about google because that one did not hit all the metrics that the street was anticipating. Yeah. I could hear the arrow whistling by my ear. Stock was down 5 at one point. Now its back up. This is the reset. If you hold a multinational the impact of the stronger u. S. Dollar is really quite material. You know 200 i never thought of google as being a multinational. I think of Companies Like a cocacola, procter gamble. It surprised me to see Foreign Exchange being such a big issue there. Yeah 4 of Revenue Growth it doesnt look quite as strong. Google is a fantastic core business. Theres some maturation thats happening. We continue to see it in the paid clicks and click pricing that havent resolved mobile phones as well as desktop search so theres all in our view. Stock trades around 17 times for a company thats growing around 17 times. Jumped right out of the dpat saying this is a noisey quarter. I had one time expenses that were unusual around 300 million. So its a lot better than it looks guys. Dont get too upset with us. Thats when the stock turned. Yeah. I dont think anything will be moving either way. Do you feel like this is where you look past Foreign Exchange issues . Yeah think about how many times a day you use Google Services. They arguably make some of the worlds best software. I use Google Services dozens of times a day and theyre going to continue to mon tiezitize them. You have to like that theyre putting money to find the next big revenues. Do you think theres any chance they lose access to the iphone . One of the things we heard Marissa Meyer talking about is her hope that she becomes the Search Engine on iphone this spring and that deal is up for grabs. If i were tim cook and i had eric schmidt on apples board and google comes out with an android and chases after my core business. Thats three or four years ago. I hear you right . I would kick them out but for the economic benefits to google whoever wins that deal all the economic benefits will flow to apple. Just the amount of revenue they have to pay out. Its a mind share. So you think theres no number . Theres no profit number attached. A little. Maybe 80 or 85 of the benefits flow back to apple. Apple cant lock google out of their platform. Thank you for joining us again today. Its good talking to you. The big Global Market story. A surprise Interest Rate cut. Jeff joins us from moscow this morning, jeff. Yeah hey, good morning to you. Well it just shows the russians still know how to spring a surprise occasionally. No one had this pencilled in as a rate cut today. The Analyst Consensus was there would be no change because inflation still sitting arn 12 and they expected it would top out somewhere around 17 but clearly the Russian Central Bank has decided that enough is enough enough. The combined pain of Falling Oil Prices and saifrksthis economy wiped 200 billion off of the economy last year. Instead of sticking with the inflation line theyre going to try to reach for growth. Thats why we have seen the 2 cut in Interest Rates. I spoke to the head of russias second lanchest bank vtb just before this decision was announced and i asked him where he felt Interest Rates should be for this economy. I am not a supporter of high Interest Rates. The central bank should bring it down. But if it stays high for too long i think it will create a lot of problem and we expect already negative economic growth, gdp growth. The interesting thing is the last couple of days we have seen international Companies Like gm say theyre going to suspend production here for a few months as a result of a slow down in this market. And theyve shutdown a couple of the beer plants. So its not just the russians who are feeling the pain of sanctions in the falling oil price. You can clearly see International Investors taking it on the chin here as well guys. Back to you. Jeff i understand that we always follow the direction not necessarily the level of rates but when youre still talking about 15 Interest Rates it still seems like thats a high number even though they just gave up 200 basis points off the bat. My other question is this isnt good for the rouble and isnt that a big deal for them as well . Yeah absolutely. I agree on both those counts. They lifted Interest Rates 11. 5 through 2014. As they fought this rear guard action against the big sell off in the rouble as the oil price declined and then we had the dramatic two weeks in december. The last time i was here in moscow where they moved 650 basis points overnight to try and stop the outflow. So as far as theyre concerned now they think they got some stability back in the russian currency and thats given them a window of opportunity for the rate move. But youre right, real rates when you put in the bankers margin are still going to be somewhere around 17 18 19 . Thats not a huge incentive to borrow but because of the sanctions, people here really dont have too many options. Capital markets internationally are being closed to them. Back to you becky. Thank you. Seems like they may be stuck in the worst of all possible worlds at this point. Really high Interest Rates still. Lousy rouble. Thank you. This is something that a lot of people didnt see coming but i think you did. Well i had an interview with the russian finance minister and you can sewe more about that online and he said we think the volatility has declined in the rouble. We think the Interest Rates are the wrong number for the Current Conditions in the economy. Now like every other developed government and central bank around the world the russians continue to argue their central bank is independent but when the finance minister is saying we really think Interest Rates need to come down you can imagine there is a good deal of pressure being placed on the central bank here and you do get the feeling that theres a little more confidence that the rouble found a more natural level given where we have come on oil prices. If you look at the two charts becky oil and the rouble came down through the last 12 months parallel. So if the oil price is bouncing or steady around here theres good reason to believe that the rouble can remain steady as well and thats given them the window of opportunity. The remarkable thing is that the economists were all looking in the wrong direction. They were focused on inflation. None of them seemed to be looking at the markets to volatility but thats why theyre economists and not traders. Jeff thank you. Well talk to you again soon. Okay when we return were going to talk about the oddest super bowl bets including katy perry. The star of this years halftime show all happening on nbc. But first heres a look back at this state in history. Were back in a moment. Ive been called a control freak. I like to think of myself as more of a control. Enthusiast. Mmm, a perfect 177degrees. And thats why this road warrior rents from national. I can bypass the counter and go straight to my car. And i dont have to talk to any humans, unless i want to. And i dont. And national lets me choose any car in the aisle. Control. Its so, whats the word . Sexy. Go national. Go like a pro. Take a deeeeep breath in. And. Exhale. Aflac and a gentle wavelike motion. 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Youll see temperatures dropping off sub zero and wall street way down to southern new england. Were going to be in the Single Digits probably in town. It will feel like Single Digits saturday morning. Thats going to be the story. This cold air from canada this is about 20 degrees below zero up here. A piece of that is getting down into the northeast for saturday morning. Thats story number one. Story number two is our rain for super bowl fans out here today and tomorrow in the southwest but this is half of a system that is going to be tracking across the nation. Its a Cross Country storm. You get the two to combine. The northern system and southern system and by sunday this is a big weather maker. Chicago, you have the snow shovels out and snowplows out. On monday its moving back into the northeast and were talking about another big weather maker here. Inches of snow new york city boston, rainsnow line is going to be an issue and monday is groundhog day so thats the day we find out if there were six more weeks of winter. Oh theyre not picking him up anymore. Dropped him on his head. Hes dead. What does this new ground hog know about forecasting . I dont know. But theyre not going to pick him up. If he tries to pick you up sometime. Just run the other way. Anyway, thank you. We appreciate it. I do love that movie. Were ju