We have exxonmobil thats the name to watch. It will post Quarterly Results and bring it to you. Theres quilt of democratic data due out today. December personal income spending. Ism manufacturing and construction spending. So a lot to talk about. And in Corporate News this morning three major automakers will recall more than 2 million older vehicles to fix defects. The recall involves an issue that causes dir ss air bags to deploy when theyre not supposed to. Toyota Fiat Chrysler and honda. I dont know toyota with the dads. We love dads. It wasnt just toyota. There was another one. The dove appealing to your dad in stink when youre watching the super bowl. Every dad is watching the game. Its captive audience. Have a little, you know do something subtlety. Yeah. Anyway. I will admit i teared up during one of the commercials. Are you kidding me . I teared up because they were so unoriginal. I teared up when the horses protected that little puppy. I was hoping they would peta dont kill me. The girls loved that. It was their favorite ad. It was advertising beer and they cant drink. Did you tear up with Lindsay Lohan . I liked that one a lot. She looked a little puffy. I wasnt sure it was her. I liked that. And i like walter white. Anyway. The deadline man. We cant help it. The water cooler is here. The deadline to make a claim and the gm recall case passed. And the wall street journal reports that the victims fund got a late rush of applicants. The costs are not expected to top the 400 to 600 million that gm set to cover them. And we will get more details at the top of the hour from the Fund Administrator in a first on cnbc interview. I think phil will join us. Yeah. Not Punxsutawney Phil. Hes somewhere else. Hes busy this morning. We used to get a consensus of the different predictions from staten islands. De blasio killed the one we had here. Yeah. How. Yeah. He drooped it. Dropped it on the head. Yeah. From 64 or 66. It was a fall. What i didnt realize, i thought the groundhog died a couple of days later. Apparently a zoo trainer dropped it a week later and after both of those he died from internal. Did they find a replacement . They did. Is he hiding . De blasio is going today. But no one is allowed to pick him up. He wont pick him up. Because that was a violation of policy. Apparently its a violation of zoo policy. Youre in the allowed if youre not a trained animal handler youre not allowed to be picking up. Arent they going to allow ferrets in new york city as well . Its illegal. Its a new thing this year. I thought it might be a de blasio thing. A ferret to me reminds me of its a weasel. Nice ferret, man. Jeff is going oh bridges made some appearances last night. It was weird. He was there. We should tell you about other auto news. Ford cfo said the company sees ongoing problems in russia. The rubles decline and the struggling economy is said to be laying on fords market share. They cited russia as a major reason for lowering the 2015 european expectations. Its been a big problem for any foreign car company because the rubles decline. The automaker wants to take advantage of southeast asias biggest vehicle market. And Union Workers at nine refineries have been told to strike. Both sides say theyre still hoping to reach a deal over pay, benefits, and safety. The United Steel Workers Union represents workers at 65 plants across the country. Theyre going through the negotiation when oil prices have fallen by more than 50 . I think you have to go all the way back to 1980 since you saw the Steel Workers strike. Investigating moonies. Whether they issued favorable grades ahead of the financial crisis. The doj set to be nearing a settlement with standard and pores over similar actions. The dow, s p, nasdaq coming off two straight negative months. Eight of the last main sectors finished january in the red. The worst financials down almost 7 . The best performing were utilities up more than 2 . Lets take a look at markets. Futures are looking a little bit better today. Youre going to see green arrows here as we look at the very frirs trading day of the week. It looks like the dows are up. The dow, the s p, and the nasdaq had two consecutive months of losses. The dow and the svp had the worst losses since 2012. When you look at the two months of losses back to back together. Lets take a look what has been happening in europe. At least at this point it looks like green arrows. The dax looks like the best performer. Greece things are looking better, too. The stock market up by about 5 this morning. In asia overnight youll see that there were some red arrow ace cross the board. Shanghai down by 2 1 2 . And Oil Prices Last week had a huge rebound. You saw increases of about 8 . Guess what . It only has 48 a barrel. This morning another gain. Its hard to believe after a massive rally were sitting at 50 a barrel. If you want to take a look what is happening with the bond market. 10year note is yielding. And currency markets right now it looks like the dollar is yeah. The dollar is up against the yen and the pound. Down against the dollar. Its looking out seven consecutive months of gain it is turned in last week. Strongest month in january since may of 2012 when the index gained. Coal prices barely down this moorng. President obama releasing his 2016 federal Budget Proposal today. It includes a call to end sequester cuts. And a 7 hike in sprending. Translates to s tos to s tos to 74 billion. Im glad that youre here. I can talk to you about the second half. I have a timer. I know. I had to put a 3yearold to bed. I am a toddler. You had the daytime emmies last night, right . You stay up for the final s. A. G. Award where foreign animated set direction. You will stay up for the award until 12 30 but you didnt still doing the makeup. It was the finale of housewives beverly hill housewives . Housewives of new jersey. What im sure what was it you see bravo. You went to bed after katy perry eye of the tieg ensure. It was not so great. I was dealing with kids during that period. It was not a good situation. Did you see the Third Quarter . Just the beginning. I mised the main like twitter idol. Chris matthews is giving me a tingle on my leg. Oh. [ laughter ] thats fantastic. He knows how to tweet. He does. Hes very adept. Giving me a tingle on my leg. Would you have thrown the ball . You know, obviously if it worked, yes. Its brilliant. My question to you was bill check is a genius and a great coach. As you were watching him at 55 seconds deer in the headlights. Yeah. He didnt know whether to call timeout or not. Its a good thing he didnt. They probably would have ended. Was he, like just frozen . What was going through his mind. Do we let them score . We need to get brady the ball back. He wanted it to happen fast. He didnt call time. And they were going to run down to 20 seconds. He was saying look they have a half yard to go. And they stepped up the play by 21. Unbelievable. About guy early on said one of the players. One of the guys the analysts said belichick would have to lose a Third Straight super bowl i dont think its going to happen. I gave myself a lot of credit. He retweeted my tweet. I said you cant bet against belichick a third time. I missed it by one point. 27 24. Seattle defense. Why 27 . You thought they were going to miss a field goal . I thought they would win by a field goal. Oh. How about the, i mean, brady when the guy it was like slow motion. The guy is on the ground and it lands. And then germane and brady was like yeah. Do you play football . A little bit. Not very well. This is i was looking at akins republicans comments on the president s proposal for the overseas stuff. He said its a starting point. It almost looks reasonable to start here. A 14 . Yeah. What it is. They proposed 8. 75 for the currently held overseas 2 trillion. Obama goes 14 maybe they meet in the middle. You can make argument its a reasonable first starting point for what to put on the 2 trillion overseas. I dont think Corporate Tax is so complicating. Theres so many moving parts this is a start of a great negotiation in 2015 that gets you to a final deal on corporate tags taxes. I love the idea of a negotiation. I wonder what about the idea of a territoryial system. Do you get to that . Can you get there . You probably can, yeah. Obviously a lot of Corporate America would like to see that. The system we have now. I think the moves parts getting rid of the loopholes is too difficult. And president ial politics coming into it. But in terms of this being a completely unreasonable proposal from obama. Its not. Its a higher tax rate than republicans like. We talked about last week a tax holiday was proposed at 6. 5 . Do you have to do does there have to be a mandatory tax on everything overseas before you bring it back. Is there some other way to do it we havent thought of yet . We let the 2 trillion come not for flee but the question to make it voluntary. Does it have to . I mean the tax holiday before . The idea somehow they view this as con fisk story. Whether you bring it back or not it doesnt matter. If thats what you to get to. The question becomes 14 but thats not the only number you care about. You care about the 19 . You get a credit for the 12. 5 percent youve already paid. Precisely. Its not a 19 total rate. You get credit where you paid the money. Its not enormously high. Its higher than what republicans want. Thats why you see some positive reaction from republicans hes moving in the direction of junking a tax code how much does it matter hes trying to raise revenue . A lot to republicans. They want to do tax reform that is revenue neutral. In a way that doesnt add new revenues. It makes it important. It can be a lot lower. Theyre not completely against the idea of spending a few hundred billion. So its not off the table. I think its hard to do in the environment in washington right now. What do you know about behind the scenes with romney and jeb bush. They had dinner. They had dinner. Yeah. He said get out of here. This is my deal. What happened . What happened with romney . I talked to a lot of donors who were surprised who thought he was all in and excited. Sometime that i were really excited . They were. Is he leaving to devote his side to climate change. I know, hes the republican that believes in it. Yeah. I think treasury secretary for jeb bush. Thats interesting. Theyll find some role for him. I like that. And he is there if there is a protracted battle between it. He gave the fiery speech in iowa everybody liked. Hes a top of the relatively meaning less poll. He did some things in wisconsin. Yeah. Hes a real candidate. The whole knock hes not exciting. He gave a good speech in iowa that everybody loved. I would keep an eye on him. And Chris Christie still got some going . The question is he going to have anybody else . The people to watch are woody johnson, some of the big new york money. Do they go jeb . Do they flirt with christie . I think eventually jeb. Theyll hang out and see how it plays out. How the candidates do. Obviously after romney got out, jeb and everybody else is working the phone trying to be et the big money guys to come to them. Who would you put on the Vice President ial nomination not for the republicans but for Hillary Clinton . Thats a tough one. You might want hispanic vote. There are others who are possibilities. But, you know, you might want somebody from the ohio midwest to lock that down. Its a tough call maybe joe biden again. Why dont we do another eight years of joe biden the vp. Can you be the vp . Hes very good at being Vice President. He is. And americas favorite. I dont know if he wants another tough eight years for the country. It has been a really the stuff we did, whoa man the stuff we did has been tough on americans. I love that he had no idea maybe that was a better way of saying that, wasnt there . Hes good at being the Vice President. Would you be pleased if he was your president . One heart beat away . Always yeah. Think about it like that. Who is your vp. For the democrats . Hillary clinton can wait as long as she wants. Because you become a shes never proven heres to be a good political candidate. I dont see anybody who is going to challenge her. She has it locked down. In reading all the commentary on the 2. 6 gthd p. For the year we ended, i think, like 26 or something. Its been 10 or 11 years since we did the 3 . Its been the weakest recovery and the deepest recession. Whatever people say it is. But i dont know. I dont know if we should have done the Mission Accomplished on the economy yet with what is happening with the dollar in china and everything else. Its a risky move. Its a risky move to propose a budget that would add 6 trillion in debt. Are we ready to go back to adding to the 18 trillion debt . Hes betting on the fact that people dont care about the deficit or debt anymore and they want to spend. Does he move it too far to the left and Hillary Clinton being it up and the Progressive Democratic party shes not comfortable dealing with. Thank you. Can you stick around . We may talk more super bowl. I can stick around all day. And hes kind of stuck here. Its pouring down rain. Is it possible to do 150 million . For viewers . Super bowl . I think so. It will be a big number. Its the most tweeted super bowl of all time. I think was responsible for about half of it. Alan thank god they were the guys. I love chris collins. And michaels. Hes not going to speak ill of him. Not joe. How about phil. Hello, friends. I was the same way. What in the world are you thinking about . You have a guy that took you to the half yard line easily. Hand him the home, go home back to back. It doesnt make any sense. It was a tough year for football. Im going to go home and watch it again. The karma of nbc. Dont you think we do better . Exactly. We love it. I couldnt stand the budweiser dog. Just vomit. I dont need it to tug our heart strings anymore. Stupid horses. Remember how i said ill come 0 over to your house if you wont switch to downtownn abby. I had not taped. I switched out of the game as quick as i could. Here i am switching. I want to know why the dog took off. Why did he get in the truck . Stupid dog. You are terrible. What golden retriever puppy is not cute . Its so stupid. And missed him and loved him. Its a sad its so cliche. Its so stupid. And the stupid. The kia. Im getting tweets from people. Lets talk about the weather. Hitting many parts of the midwest and here. The Weather Channel is here. Shes in pennsylvania today. Good morning. Good morning. Punxsutawney phil. This is groundhogs day. A huge party out here. We have snow from winter storm lie us in. The same snow that brought the blizzard to chicago and new york city. Here about 6 inches of snow. Now a heavy rain. The story is not the weather. Believe it or not. Phil will make the prognostication in about 25 after 7 00. That will be six more weeks of winter or an early spring. The story is about the Community Getting together having a little mid winter break and a party. It is a fabulous time here in punxsutawney. You were talking super bowl. Theres a parlay. We have onehalf done. The patriots won. The second half is related to phils prediction. The odds are better i think, 52 if the patriots win. And phil sees his shadow which happened historically about 85 of the time. And i think it was 112 if phil doesnt see the shadow it would mean an early spring and the patriots win. Were about 35 minutes away from finish ought the parlay. Ill tell can you, its a fun time here. Its on a lot of folks bucket list. I met people from around the world who are here in punxsutawney to celebrate groundhog day today. Back to you. It looks like a fun party. Weve seen the movie about what takes place there, too. Are people drinking . Well, you know, people have been up all night. Were standing in a field. Dont be shy. Dont be shy. Yes. Yeah. Its a party. And no one is shy about it. Aability will of everything to keep everyone warm here. Its not that cold. Temperatures are about 33 to 34 degrees. So its really not that bad weather wise. The rain has been a bit of a damper on the weather but not on the spirits at all. Erin has smiles. Youre wearing the hat and youre totally sober. [ laughter ] i had a different hat for every hour. But the rain has actually kind of put a damper on that. Ill bring another one out next hour. Jen, the weather is working in our favor. With the clouds he wont see the shadow as long as you shut off the lights. Dont let him see the shadow. Most of the time predicting six more weeks of winter. Well see what he has to say. All right. Well check in next hour. Thank you very much. Enjoy were saying goodbye to january today. It was a terrible start for the stock market. Well kick start february tradeding next. Here is a look at this day in history. Welcome back. The first trading day of the month. They want to know if the remarkets will rebound from a disappointing january. Joining us is bill stone. Bill, what do you think as we head into february . Usually as january goes so goes the rest of the year. You think thats the case this year . I hope not. I think, actually buried in january was some good news honestly. We saw a decent turn in earnings last week. All though obviously it didnt show up in the market. Weve got greece and other things going on. All the earnings i heard were pessimistic views for the year. What were you hearing . Well, there was some of that but i think the way i look at it is a timing issue in terms of oil. Obviously, the energy space is a mess. Well see exxonmobil today, but aside from that i think it takes some time for the positive impacts of the Lower Oil Prices to come through. And youre seeing it in some of the companies early, you know, at delta and things like draftthat. But i guess in the sense that earnings are ahead of where we expected them at the end of the year, i view that as good news. That were seeing some ofsha show up. How long do you think owl prices last at the levels. You make a fair point it takes time for it to work the way into the consumer and the mentality theres a little bit more money to spend. Consumers make up twothirds of the overall spending in the economy. Thats great news too. But if thats the case weve seen a lot of negatives and havent seen the positives yet. Is it going to stick around low