Theyre set to earn 1. 53 a share. The numbers cover the critically important Holiday Shopping season. So well see those numbers as well. A programming note because you dont want to miss it we have an exclusive interview with walmart ceo at 11 00 eastern time this morning. Then on the economic front, employment is front and center. At 8 30 eastern time well get weekly jobless claims and later in the month we have to watch for fed numbers and other leading economic indicators. Couple after stocks to watch this morning, regenerons eye drug was the top one from rivals in diabetes related vision loss but results show that the effects are strongest in the more severely affected patients. Well talk to him at 7 30 eastern. Been a big winner over the years as we said earlier, up 3,000 over six years. And marriott also issuing guidance above current forecasts. Thats a combination of profits topic estimates but the rental Company Revenue fell short and sunedison sales failed to meet forecast. Solarcity under pressure. The company reporting a wider than expected loss. Foot locker shares going higher after they raised the Quarterly Dividend by 14 and then increased the buy back program. Lets get a check on the markets this morning. Yesterday we did see the stock market down slightly but youre still looking at the dow with closing yesterday at above 18,000. Youre looking at dow futures down by about 20 points. S p few turs off by about 4 points and nasdaq down by 2. 5 points. Yesterday we did see choppiness all through the morning after the fed minutes that came out yesterday afternoon. We continue to see where things are headed this morning but if you take a look at whats happening in europe and the early trade you see green arrows most of the way. Ftse is down but slightly. In asia most of the markets are closed for mayor holidays. The nikkei closed as well. Take a look at whats been happening with oil prices. Crude oil snapped a three day rally. It settled down to 52. 14 and dropped another 3 . Its down 50. 33 so this is the first time its giving background in another week or so. Take a look at whats happening with the 10 year note. At this point in the bond market yielding 2. 068 . The dollar at this point looks like it is unchanged against the euro at 11396 and gold prices yesterday fell below 1,200 for the First Time Since january. Closed at its Second Lowest settlement of the year. Its up about 17. In Washington News the annual council of economic advisors that report to the president is out today. This is the administrations view of the economy. John harwood joins us with the details. John id like to know exactly how everyone feels in the administration about it because we hear so many conflicting things. I dont whether we raise rates in june or september or what. But what does it say . Essentially this is a piece of argumentation for the president s middle class economics, as he calls it program and what it does is this report dissects the phases of the American Economy since world war ii. It talks about when we had income growing, productivity growing and people up and down the income scale sharing in that. That was an initial period that ended in 1973. Then we have a period fuelled by the surge of women into the work force which added a tremendous surge of output to the economy and then theres a period in which women kept growing in the economy but productive slowed and that put a drag on incomes and finally the most recent period productive resumed its growth but we didnt have growth in the labor force. In fact we had people leaving the labor force, including men that have been leaving for a long time for various reasons and we also saw a continued acceleration of the inequality of income. So the administration framed that argument as an advocacy for the policies it proposes to go after inequality by taxing the rich and providing new benefits especially and child care and education to raise the productive of people at the bottom and immigration to preserve the supply of new labor at a time when so many baby boomers are retiring. What hes trying to do is shape the debate on what washington is going to do. Not just in the next two years but for the next president. Yeah, unfortunately we do a lot of this shape the at the bait but nothing seems to get done on both sides. Well i mean youre right about that but we do have an economy right now that is producing and throughout 2014 was producing more than a quarter million jobs a month and growth is pretty strong. Were looking at 2. 8 growth over the next year or so so theres good positive trends at the moment. The question is how do they get sustained and whose policies are going to drive the next phase. All right. Okay john. Good to see you. Welcome back no im the one whos back. Hey, joe the blue devils. Duke had a great game last night but did you see, joe, what rudy said about the president . No . Did you see that story . No im just getting back into all of this stuff. Tell me. He gave a speech last night on behalf of scott walker and said that he didnt believe president obama loves america. Really . That he said he wasnt raised like you and me. He said to his audience he wasnt brought up to love america and pretty provocative. I think a lot of people will be talking about it today. We have scott walker on. We do. You should ask him about that, actually. The post has this weird cover. Its weird because Huffington Post the headline in Huffington Post is about all the lives that isis has ruined and the next story is the outrageous cover of the new york post. Im not sure i dont know they get to argue on both sides of things but a lot of strange things happening. I want to show you something john something that i saw when i was out in california. What was it . It was something that happened in world war ii. There were four chaplains of all different denominations. Reformed jewish chaplain and catholic chaplain and methodist chaplain and one more and the ship was sinking and these guys gave out all the life vests and didnt keep any for themselves and just held each other, you know, had their arms around each other and prayed and sang songs as the ship went down and it was just a different time. I went to a war museum and saw a lot of things i was very moved by and then i look at the world were in right now and it was in such stark contrast. Seeing differ religions all coming together. I actually have the picture. They were called the dorchester chaplains. I tweeted it out. Joe where are these men now adays . What happened . I totally relate to what youre talking about because i just got around to reading unbroken over the weekend. The story that evoked some of the same feelings that youre describing and interestingly this relates to the economic re report of the president. Do you want to know how im going to make the link. I kind of wish you wouldnt. I dont see how the two are related but go ahead. Heres my point. That period that we had after world war ii when the economy surged, when you had people coming into the work force. You had education levels rising. It was also a period in which the country had had a very broad shared experience of going through war and there was a greater sense of community that had some economic benefits to it that distributed those economic benefits widely because so many people had been through the same thing. Now our National Security burdens are bore by a tiny number of people. We saw that dramatized in the american sniper movie. Its a tiny amount of the population put thargting their lives on the line. And that diminishes the sense of shared values that had economic ramifications during that post war period. I saw it in a different light and that is that as a country we seemed so behind certain things in terms of all being together in it together. Thats what im talking about. Well i would contrast with the rhetoric thats comes from the white house over the past six years has been very devicive in my view. I dont think that its a consequence that were all at each others throats at this point. Okay. Thats fair enough. But were talking about a period where the entire society and its politics are much more divided because we dont have a base of shared experience the way they did after world war ii. Weve got plenty of shared experiences. But maybe not in there was another one john. We didnt have a the overwhelming bulk of the population engaged in a war effort. I remember that 9 11 brought us together too and i hope thats not the kind of thing very briefly. I hope its not the kind of thing were facing serious issues obviously. Anyway im glad i did that when i was out there. Its very sobering. Also, john seeing a lot of the plains in the museum and a lot of them signed by the pilots. The name lieutenant colonel, pow five years, p. O. W. Seven years. Incredible things they went through, amazing. Thank you. Duke i dont know. Theyre okay. I got to start watching because there was instead of watching basketball i watched you told me to watch gone girl. Yeah. Yeah and i watched it. I didnt know he was going to get his throat slit. Dont give it away. I was standing there dont tell people what is going to happen. Things are going to well and next thing i know. It caught you by surprise. It was a good movie. It reminded me i know you and ben afleck are not i saw whiplash. Great movie too. Really good movie. Do you know what else the judge. Did you see it . Ive only seen the first half of it. Robert downey jr. , phenomenal. We have a live report from our friends at the weather channel. Plus in china its the year of the sheep and while many are celebrating, some are not. We will explain. But its a special day here on squawk. Were wishing andrew a very happy pirth happy happy birthday. Dont do that. Dont do that at all. Are you 30 . 30 something. While many are celebrating eunice reports from beijing on who is not celebrating today. In china, these fathers and mothers are preparing for parenthood taking a course at a maternity clinic on how to best handle their newborns. But attendance is down according to the instructor. No thanks to the animal sign governing the new lunar year the sheep. Translator we have seen an obvious drop in the number of pregnant women coming to our clinic this year she says. The superstitious idea that the sheep brings bad luck still exists in the chinese community. The sheep is the black sheep of the 12 animals in the chinese zodiac. The domesticated farm animal is seem as timid, weak, decemberstined to be a follower. Hospitals here are seeing a flock of people trying to avoid having a baby in the year of the sheep. Including expecting mothers having csections before the new year kicks in. No one is sure how the sheep got its bad wrap. Each zoidac animal comes with its own virtues. The dragon horse, and tiger are lucky. The sheep compassionate. Several leaders were born in the sheep year including bill gates and steve jobs. For Chinese People its common sense. They want to have a baby in the dragon monkey years, so sheep year i think means bad luck. Meaning when it comes to babies in china, the sheep doesnt seem to stack up. As she said common sense, right . Among the stocks were watching this morning tmobile u. S. Is out with quarterly numbers. It earned 12 cents a share. That was 7 cents better than expeck asians. Revenue well above consensus as they added net subscribers in the quarter. Also barrick gold is selling two mines. It will help reduce net debt by 3 million. America is also cutting the number of jobs at the toronto headquaters nearly in half. Now to todays National Forecast and maria joins us from nashville. Is it cold there too, maria . It is extremely cold for sure. We are already in the single digits. Wind chills down below 0. Were here outside the nashville symphony and you can see the fun dane fountain behind us is symbolic. The flow has been slow. Very slow downtown any time of the year usually bustling. Basically a ghost town. Crews have been stretched thin as well. Nashville, the city itself has about 30 trucks at their disposal and the priority yesterday was getting to those secondary streets so people could get out of their houses back to work and back to Downtown Music city. We also talked to a few country artists feeling the pinch as well because of the weather, not getting the folks into the caves and the restaurants to hear their music, are having to cancel acts all together because they actually cannot get into town. The problem today, of course the temperatures, record lows possible. The record today five. Were getting close to that right now. Believe it or not not getting out of the teens. Nashville in the deep freeze since saturday. Now word that theyre under the winter storm watch. Thats set to take Effect Tomorrow starting as snow as unfortunately more freezing rain possible in the forecast by the time saturday morning rolls around. A tough few days for nashville and many more to come it looks like with the next round of weather. Back to you. All right maria. The ground hog was right. You say it was because of the lights. No. Hey, look it may be that we created this cold weather by putting the lights on him and forcing him to see his weather. We created the cold weather by the warming. Oh i forgot. It is the year of the sheep. All of us just follow along. I havent really looked at why its happening but i just believe in it. They say its because of the warming that its cold. I just believe it. It is cold. Its cold. Because its warm. Its cold because its warm. The planet is warming so its colder. Lets tell you about another business story. This business has a hard time in cold weather. Electric car battery maker says apple is poaching auto engineers to build a battery division. A123 is suing the tech giant. The court filing offers more evidence apple may be developing a car. They were developing a dashboard. What are they trying to do . I dont know ive seen the prototypes. Youve seen it. If you ever get a car youre going to want an apple car. It looks like an ugly minivan but its so functional and the Carbon Footprint is so low. You can do zip cars now. But is it a zip . They dont really do zip anymore. How do you get around . Just rent a car. Just from alamo or whomever. Do you insist on a hybrid . I swear this is true. Because i flew into San Francisco and had a car take me down to monterey did you get a prius . No i didnt get a prius but every car is a prius i swear. I thought i was seeing double. The idea of being in one of those small cars when a big car comes by. But you do notice in San Francisco and northern california, there are prius everywhere. Everywhere. And they are all ugly. Part of it by the way, batteries dont work well in cold weather. A lot of these hybrid electric cars in michigan you never really buy one. The battery only lasts half the time its supposed to last. All right. Well well have chairs. We have a lot to talk about. We havent seen you in a long time. I know. Hard to believe. And its your birthday and we found out what sign you are. Youre a pices. Depends what magazines you read. Some say im aquarius. I think you act like a feces. Coming up its my birthday. Im sorry my little buddy. Thats like the skipper talking to gilligan. Thats not good. Coming up ceo takes 30 people out to dinner oh okay. Takes 30 people out to dinner. Not unusual. How about a 300,000 check though. Not something you see every day. Well have the details. Maybe some of that Supreme Court justice. First as we head to break heres a look at yesterdays s p 500 winners and losers. [ male announcer ] your love for trading never stops. So if you get a trade idea about, say organic food stocks schwab can help. With a trading specialist just a tap away. Whats on your mind lisa . Id like to talk about a trade idea. Lets hear it. [ male announcer ] see how schwab can help light a way forward. So you can make your move wherever you are. And start working on your next big idea. You, my friend are a master of diversification. Who would have thought three cheese lasagna would go with chocolate cake and ceviche . The same guy who thought that small caps and bond funds would go with a merging markets. Its a masterpiece. Thanks. Clearly you are type e. You made it phil. Welcome home. Now whats our strategy with the fondue . Diversifying your portfolio . E trade gives you the tools and resources to get it right. Are you type e . Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Automotive innovation starts. Right here. With a control pad that can read your handwriting, a widescreen multimedia center, and a headup display for enhanced driver focus. All inside a redesigned cabin of unrivaled style and comfort. The 2015 cclass. At the very touchpoint of performance and innovation. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz financial services. In my world, wall isnt a street. Return on investment isnt the only return im looking forward to. For some every dollar is earned with sweat, sacrifice, courage. Which is why usaa is honored to help our members with everything from investing for retirement to saving for college. Our commitment to current and former military members and their families is without equal. Start investing with as little as fifty dollars. We are in the chairs looking at stories that are interesting this morning. One of them i dont know if you guys recall just a couple of days ago mgm did its Earnings Call and on the call they were trying to explain how vegas was back and Somebody Just spent 300,000 on a dinner. They didnt say who did it. But it has now been revealed that that person was shane smith that runs vice who had gone to dinner apparently and mgm said it was 12 people that went to dinner. Theres other people now saying it might have been close to double that. 24 people. But still 300,000 for the dinner. A lot of wine was drunk. Apparently in those that figured this out, david carr who is no longer with us sadly put out a tweet at the time about a month ago because he was in vegas for ces and said no brainer quiz what media exec did i watch win 100,000 at black jack last mite, hit, gambling not his only vice. He made some money. He made some money at the tables and then gave it back. Maybe some wine truffles. We think it was in the bellagio. Money still flowing in have a gas. Its supposed to stay in vegas. The money did but not the story. This is close enough because its the year of the sheep i u