Open lower by 37 points. Nasdaq lower by 2. Goldman sachs holding a technology and Energy Conference today. Yahoo ceo and twitter ceo are expected to give keynote speeches later on today. In other media news nbc news announcing it is suspending Brian Williams for six months without pay effective immediately. He personally admitted he misrepresented events about coming under fire while flying in an helicopter during the iraq war. While on nbc news friday january 30th 2015 brian amissmisrepresented events that happened during the iraq war in 2013. Then it became clear that brian had done the same while telling that story in other venues. She added this was a very hard decision. Certainly there will be those that disagree but we believe this suspension is appropriate and proportionate action. Brian has jeopardized the trust millions of americans place in nbc news. His actions are inexcusable and this suspension is severe and appropriate. appropriate. He says williams deserves a Second Chance and we are rooting for him. Brian shared his deep remorse with me and he is committed to winning back everyones trust. Nbc news is continuing the investigation. Lester holt will substitute in the immediate future. Check out pier 1 imports. Shares tumbling after reporting comparable sales growth that sell well below expectations. Company also says its cfo will be retiring effective immediately. Then theres the shares or rather the retail shares of flip side. Shares of chicos surging after the wall street journal said the company was in advanced talks to be required by private equity firm sycamore. And tim cook announcing that apple will be partnering with first solar to build a solar farm in california the planned project will produce enough energy to power 60,000 homes. Shares spiking on that news. That brings us back to apple. Apple becoming the First Company ever to surpass a 700 billion market cap. The iphone maker is about 46 larger than the Second Biggest Company in the world by market cap exxon mobil which stands at a mere 382 billion. Shares have soared over 60 in the last year while the oil giant remained relatively flat. Thank you falling oil prices, right. We play these parlor games, right . And i always think the second i ever bought apple thats the day it would peak. Every time i would look at it and i think the multiples nod bad. We have a very close friend remember when the stock came off about a year and a half ago and went down. I had a friend that sold his stock and he said what do you think is going to happen . Its never going back. And here we are. Im happy that im not buying stock. Because you thought it was never going back. I told him i said its never going back. Didnt take that long to get back right . No. Great advice. Feel pretty good. Lets talk about david tepper. Spoke to me yesterday regarding the situation in greece and what he thinks it will mean for the markets. The deal would obviously be good for the markets but i think the market could survive even if it goes the other way. I asked what he meant by survive and he said stocks could fall two or three or maybe four percent but not a big deal. The markets will be fine this year. Echos what his attitude on the market has been. Hes been pretty constructive. What does constructive mean . I hate that phrase. Positive on the market. I think hes been positive on the market. There was a time when he was very bullish and then maybe a little bit less bullish but bullish was in the sentence more times than not. I think hes right on greece. I think its going to be a big dramatic moment if they leave the euro zone and abandon the euro it will be a watershed moment for europe. But you dont think they are leaving the euro zone. Well i think theres a 20 to 30 chance that it happens by accident. In theory nobody wants it to happen but the way the liquidity situation vuning in theis running in the country, its possible. But im not sure it would be crushing. They owes billions and billions and billions to european banks. They dont any more. They dont have the same control over the Financial System like they did last time. Its been such a game of chicken taking place and you were at the white house the oo day when Angela Merkel and the president were holding their News Conference and i thought she was very blunt and direct. Do you deal with it. We gave you the deal. Take it or leave it. Were not giving you anything else, bye bye. Its no different today than the commentary weve seen so far. Greece has back pedalled. Even yesterday there was more back pedaling. Theyre put in a corner. As long as they promise the population theyre not going to leave the euro they dont have many choices at this point. I didnt know how much of his how much its playing here. Im sure hes playing more in the context of whats going on in the u. S. Responding to it. Impact multinationals. Hes always been concerned at some level as to whether the europeans were going to rise to the occasion and do what was ultimate tly necessary, that being qe. Right. So i think he would tell you that that was a huge step. That made him probably more comfortable and confident where the market could go as a result of the qe by the ecb. Lets show you whats going on in the markets this morning. The futures are suggesting a slightly negative open. But concerns about what is likely to happen today. The s p lower by nearly 4. Nasdaq lower by nearly 3. Lets show you whats going on with european forces. Greece is lower by 3 . Thats been incredibly volatile market. The hang seng lower as was the nikkei in japan. The recovery seems to have talled out a little bit. 55. 75 for brent. The ten year yield, thats been creeping up huh . No its back below 2 but still look to the right hand side of the chart and thats a big climb off the bottom from earlier in the year and in terms of the dollar relative to the euro right now, the dollar stronger against the euro and yen but weaker against the pound. The pound will cost you 1. 52. Better than what you had to pay for the euro six months ago. It was painful. Gold higher by 2. 5. The dow is coming off a triple digit rally even after theyre giving some pause. Here is karen firestone. Good to have you here. Hi nice to be here. Are you worried about greece at all . Im not too worried about greece. I think theyll sort it out. When i look at the dow swroens jones over the last year i see bump and grind along the same level. We have been churning and churning. Are we going to break out to the upside or down side and why . The way we look at the market, since july weve seen the up and down. Up a percent but close down 2 and the other way around. You could have a year where we repeat this pattern over and over because theres factors weighing on the markets such as is the fed going to raise Interest Rates and whats happening with greece and isis and all of these major global effects so were feeling that perhaps the trading range is 1985 for the s p. Were up near the top of the range. 2068 was the close yesterday. So were feeling relatively positive but you can have the movement until theres clarity. Do you think the feds are going to raise rates or not . If the fed raises rates it wont be until the end of the year. Youre pushing it out. Out. Some people look at the most recent jobs report and move it in. Thats true. The jobs report was good. The revisions were good but we havent seen the effect really of the energy slow down. Youre going to see more of an effect from halliburton for example. Laying off a number of people and of course i live in boston. We have to have that new england effect keeping gdp from all of our snow. Because everything is shutdown. Yeah, no subways. So a lot of folks out there believe when you look at the Inflation Numbers in the United States its possible they dont raise at all this year and the commentary it feels like theyre compelled. Theyre being dared by the markets markets. And that opportunity mean the long end is going up. Correct. What youre discussing is a stock pickers market at this point. I hope so. Thats what we like. We had a period of time where if you own the 50 largest names, 50 mega cap stocks thats all you had to own because thats what went up and that changed in the Fourth Quarter. So far this year its changed and its our preference but i would agree with that thats sy six month bet at best. Now you have to pick stuff in the s p and say this is going up and this isnt. Maybe more so than in the last five years. Right. Well 2011 was a year like this where if you closed your eyes the s p and dow started at one point. But if we focus on names that have not too much exposure to currency hits. Effected by energy or certain markets that are a problem, we think you have a better chance in health care and consumers to do well. You like the consumer story with oil prices and gas prices even though theyre kicking up a little bit lately. It was interesting. Visa said they hadnt seen a spending effect from reduction in gas prices. The retail sales report was weak and people were surprise because they hadnt filtered through it yet. People have to have money from spending less on gas. But thats an incredibly positive number for which we havent seen for years. Kids were staying home and people werent getting married. We all know people that have moved out of the house and they start to start furnishing their house and buying food and maybe theyre buying a car or a new tv and thats having a positive effect. So names like costco or target a consumer conglomerate. Good luck back in the snow. Thank you. New york city looks good compared to boston. Its like miami beach. Nice to have you on set. Teslas weak sales out of china could mean some executives heads will roll. Ceo elon musk prepared to fire overseas execs after the electric auto maker sold about 120 cars in china last month. Well below the targets. Shares of the auto maker are down premarket and tesla is set to report after the bell today. You can see the 2 decline. That will be closely watched to see if heads do roll and what the numbers turn out to be. Well see. Also in other news this morning harry wilson the architect of gms 2009 bankruptcy seeking a seat on the auto makers board. Phil joins us now with more on that story. Its getting hostile over there, bill. It is andrew. Its a little similar to what we saw in 2006 to 2008 when you had them wanting to have General Motors move in a certain direction. The difference here when talking with harry wilson yesterday i got a sense that hes not antagonistic to the point of saying the Management Team at gm is crazy theyre sitting on too much cash and it needs to be freed up for investors and talking wed with harry wilson heres what he had to say. In regard to where General Motors is right now and how the company is being run, General Motors is undervalued and then he outlined the areas in terms of greater profit margins, et cetera. Otherers what hes looking at right now. 25. 2 billion is how much the company was sitting on in cash at the end of last year. Total liquidity of 27. 2 billion. General motors plans to increase the dividend by 20 . Thats expected to be approved by the board within the next couple of months here. Harry wilson says theres been insufficient speed and clarity of milestones theres no clear metrics so investors are left saying im not sure what to expect. He outlined his thoughts and plans for mary bara when they met last week. He does plan to nominate himself to join the board and will be representing four funds including three hedge funds i asked him about the meeting between himself and mary bara. He says i think she was surprised talking about the fact that he plans to nominate himself and theres shareholder frustration. He went on to say i dont think they were aware of the level of shareholder frustration. Heres the frustration wilson is talking about. Take a look over the last year. This stock has been trading between 33 and 36 a share. Its over 37 a share now but thats only within the last couple of days once this proposal came out from harry wilson that he wants to join the board and free up some of this cash. It gets back to the central debate we had for years. Is it a company that will sit on a lot of cash because of the Balance Sheet or should it change with the times and free up the cash and not be as conservative as it has been. Weve had harry wilson on the show many times. He was the architect to some degree of the turnover. Is there anything he wishes he had done differently that would have set up the company in a different way so they wouldnt be in this place today. Which is not a bad place theyre in but not creating the same value originally. Hes frustrated the board has changed. When they first composed the board you had david on the board and mr. Ackerson that became ceo and they came from a private equity background and what he said to me yesterday is you need that on a board of directors. If you dont have somebody with a private equity background theres not somebody saying what are we doing with the money were sitting on right now . Whats the plan for the future . Thats a frustration of his and when they designed the restructuring of General Motors it was important they put the voices on the board of directors. Those voices are gone now. Thats why he wants to be put on the board when the company has the annual meeting later this year. Thats one of the primary things that stands out to him right now. About the idea that they put forforth in their statement late yesterday afternoon about wanting more information about the Compensation Plan and the fact that they say it does lack transparency. Youre talking about the victim Compensation Plan. Im going to quote from the statement here and get your reaction. In addition we highlighted the lack of transparency in gms executive Compensation Program and questioned whether it properly has effective capital employment. Thats sort of another level that they want some answers on. Yeah and theres a number of things here and this get backs to what he says to me. Theres no milestones here. Theres a lot of general promises whether it comes to executive compensation. Whether it comes to the dividend increase. When General Motors came out last week and says were going to raise the dividend by 20 and there may be more in the second half of this year. He said to me what does that mean there may be more . What kind of a vague comment is that. Set a milestone. If you hit it deliver on the promise. If youre not going to set milestones youre never delivering on the promise. Were going to get killed on this but is harry wilson going to be paid by the hedge funds in addition to gm if he joins us do we know . I dont know that. Well get an answer on that im sure. Well be hearing more from harry wilson in the next few days. Hopefully well hear from him and get him on the set here and talk about it. Thank you for bringing us that story. Isnt he being compensated by some of the profits from the gm investments by the hedge funds . Its unclear. I dont know how its set up and theres been a huge at the bait about whether you can actually the investors can pay you separately in addition to the board. Dan is doing it now. They structured it in an interesting way. The delaware courts are trying to weigh in on all of that. Harry wilson is greek. I know nearly every greek in the city. In the meantime when we come back well talk about hack attacks and hitting high profile names. How can Corporate America get ahead of the pr nightmares. Or should we be happy that no real damage was done . At least not yet. This time though before we do that take a look back at this day in history. [ male announcer ] your love for trading never stops. So open an account with schwab. And when a market move affects, say a Cloud Computing stock youre holding, we can help you decide what to do. With tools that help you see how market activity is affecting your positions. So when the time comes to decide whether to scale in or scale out. You can make your move wherever you are. And start working on your next big idea. Welcome back. A host of hack attacks in the last 24 hours. Newsweek, forbes twitter to name a few. Aman has the latest from washington on all the hack attacks. Good morning. You can add delta to that list. Delta airlines the victim of an xrated hack attack against its Facebook Page and newsweek the victim yesterday of an attack apparently by supporters of isis. That spouted isis propaganda for a little while yesterday and we saw the hack against forbes saying they had been attacked in a hit that was apparently targeting viewers of the forbes. Com website. All of that as the administration yesterday announced a new effort. Theyre calling it the Cyber Threat IntelligenceIntegration Center to combine all the federal governments information about Cyber Threats into one area. A one stop shop for government officials and white House Homeland Security advisor yesterday said one of the big priorities will be sharing information with the private sector. To the private sector we made it clear that we will work together. Were not going to bottle up intelligence. If we have information about a significant threat to a business were going to do our upmost to share it. Well see president obama in silicone valley later in the week. Theyre hosting a Cyber Security summit. All the big names will be there and were expecting new announcements from the white house at that event so this is clear aisha high priority for the obama situation. She thinks this will be a signature issue from the 21st century in terms of security and the white house doesnt think theyll be able to stop this all any time soon guys. Thank you for that report. Well continue talking about this big issue. Joining us with more on the latest hackings is a Senior Editor and we thank you for being here. Good morning. What are we supposed to think of this stuff . If the cfo of twitter is getting hacked that says something to me. Im going to summarize what my boss wrote awhile ago. If youre going to work at twitter learn how to