Brent crude up to 55. 48. Okay. Breaking Global Market news some early news this morning. The Uk Supreme Court ruling against the British Government in a key brexit decision. The vote means the Prime Minister, theresa may, must get parliaments approval in order to trigger brexit. Look at the pound moving on a result of this. Youre seeing it falling there over a half percent this morning. A couple other big stories to tell you about, yahoo reporting better than expected results on the top and bottom line. The company saying the sale of its core Internet Business to verizon should be completed in the Second Quarter which helped ease investor concerns that the deal might collapse. The 4. 8 billion transaction was supposed to close in the First Quarter. We talked about it yesterday along with that news that the government was looking at yahoo and the fact it had not disclosed that breach earlier. Barclays turning cautious on apple. Downgrading the iphonemaker. The analyst is cutting apple to equal weight from overweight. Seeing no meaningful rebound in growth in 2017. Dupont is reporting. We have five dow components coming out. I can give you something for everyone here. The estimates are 42 cents. Bottom line number is 30 cents. Continuing ops number is 29 cents, but the adjusted earnings per share is 51. Thats 9 cents above expectations because the revenue number is 5. 2 billion. The estimate is 5. 294. Its very interesting to look at dupont. In the first and Second Quarter the Company Earned 75 of its earnings for some reason. 75 of the year usually comes in the first two quarters. Its not a school book. Not like a textbookmaker, not like h r block, but the way its booked, if you look historically, in the first and Second Quarter, the Company Earned 1. 26 and 1. 24. Third quarter, 34 cents, this quarter 51 cents. They make a big deal about the year overall. Much more focused in the press release on the year. 2016 is an important year for dupont as we exceeded expectation for earnings, cost savings, free cash employee improvement. This is according to ed breen, chairman and ceo. They expect to close the dow chemical merger in the first half. Constructive discussions with regulators on that deal. Volume in the Fourth Quarter fell 1 . Asia pacific sales, 1. 54 billion. U. S. And canada the lions share, 1. 68 billion. We have four more dow components to go today. We have that going for us which is nice. Lets check on the Global Markets this morning. Wasnt a whole lot happening when i looked on the way in. Europe was marginally positive last i looked. Asia, not much happening there. Germany, france, ftse, italy all up fractionally. Italy doing the best. The asian markets, not a lot to happening. Hang seng, the best performer, up over 51 points. The dollar was more or less what we have seen recently, not a whole lot of movement on this news about brexit. I saw gold was back above 1200. A bit of a mini rally for the last six weeks or so. Did we get a number on the inches of rain . Did you here . Did you notice how much rain . A lot of rain, wind. The pool cover dipping significantly . I cant see the pump. Its over the top. My question is i dont like rain when its 40 degrees, it feels like 30 degrees. It gets into your bones. Would you rather have davos . 12 inches of snow, i dont know how much snow this would have been. Ill take the rain. Because we just came back from davos. What do you like . Giving me a hard time about the driver in the morning and youre talking about the pool cover being its a big above ground pool that i built myself with wood and matt greco came over, its an aboveground pool. No, it is not. Its a pretty nice pool. I do give you grief about that but were from the same place obviously. From a position of love. It would be much more impressive if i had my own pool in new york city. Not really that big deal. If i shouldnt be admitting t because i may get taxed on it now, like in greece, where everybody has a pool but no one admits it. But you may have to pay higher insurance premiums. Earnings will once again be front and center on the agenda. There are five dow components reporting results today. We already heard from dupont. Still to come, 3m, Johnson Johnson, travelers and verizon. Well be hearing from alibaba and Lockheed Martin. After the close, Texas Instruments and alcoa. This will give a feel for not only how companies have done in the last quarter but what they expect to see this quarter and this year. The monthly philly fed survey of manufacturing and Business Conditions is out at 8 30 a. M. Eastern time. Followed by flash manufacturing pmi at 9 45, and existing home sales at 10 00 a. M. On the washington agenda, Committee Votes are scheduled for the nomination of ben carson as secretary of housing and urban development and jeff seg sessions as attorney general. Tom price will face his second day of hearings. Hearings scheduled for Linda Mcmahon for Small Business administration administrator, and Mickey Mulvaney for director of the office of management and budget. Doing a lot very quickly as this administration gets underway. Not that quick. I think president obama had about ten people already confirmed by now, right . Yeah. Seven confirmed on his first day. There has been some noise from republicans saying they think that democrats are trying to slow things down. Schumer says that he wants to make sure everybody gets a thorough vetting. That was it, that schumer thing with tom cotton. Did you see that . Pretty deep. Eamon javers up to speed at the white house. President trump will have breakfast with the chief executives of general motors, ford, Fiat Chrysler. If he doesnt want the middle name, its yours. I will take it. You already have a middle name, dont you . I do have a middle name, andrew after my grandfather. Thats a crappy name. Great name. Easily but not after Andrew Ross Sorkin. Im named after andrew javers. Not Andrew Ross Sorkin. Its one of those long royalty names where you get 19 different names. Effin is right in the middle. It modifies a happening guy, all the other names. I decided it modifies it in a good way. Yeah. Duh. Its a compliment. All right. Take us away. Big day of ceos at the white house yesterday. Another big day today. We have the big three automakers. Lets start with last night, we had the congressional leaders at the white house last night meeting with President Trump. This was a bipartisan group. Democrats, nancy pelosi, republicans, the Vice President , the speaker of the house there. This is something that we didnt see all that much of in the obama years, president obama famously didnt like socializing and schmoozing with members of congress up on the hill, even those of his own party. Famously introverted. Now donald trump extending an olive branch, bringing those folks in. Well see if that had the desired effect. The new york sometimes is reporting this morning that their sources are suggesting that donald trump repeated an untrue Statement Last night about the number of illegal votes that cost him what he said was the popular vote in the election last fall. We will see if that smooths relationships or further ruffles their feathers. But the Trump Administration did get a couple of big wins on capitol hill yesterday. Feathers ruffled or not, Rex Tillerson was moved out of committee, there you see the vote, 11 in favor, 10 against. The big news there is marco rubio decided to back Rex Tillerson. He was the one vote on the republican side that could have caused trouble for Rex Tillerson. He decided to get in line. He said the president deserves a significant amount of deference when it comes to picking the cabinet. Mike pompeo confirmed last night. 6631. Easy confirmation fight for the new head of the cia, who will go over to langley and deal with relationships between the Trump Administration and the intelligence community. Today, the big three will be at the white house. You know the names, mary barra, jim fields, and marchionne going to be at the white house this morning. Well try to talk to them on their way in and way out and hear what they have to say to the president. The supply chain globally will be a big focus of the meeting. We will see if specifics get hammered out or if this is an introductory get to know you session with more to come down the line. Eamon, thank you. I saw you tweeting yesterday as they were coming in. We were staking them out in the driveway yesterday. Well do that again today. Key comments from trumps treasury secretary pick, steve mnuchin. In written answers to the Senate Finance committee mnuchin said an excessively strong dollar could have a negative impact on the economy. He was trying to walk a fine line between comments his boss already made about how he does not think a strong dollar is a good thing. In the past treasury secretaries say they look for a strong dollar, he said that but tried to say in the shortterm sometimes its not great to have an excessively strong dollar. As a result, the dollar was a bit weaker yesterday in reaction to the reporting of some of this mnuchin also accused the imf of not doing enough to combat currency manipulation. He would not give the committee a clear answer on whether china is manipulating the yuan. The Trump Administration said in the first 100 days that they plan to declare china a currency manipulator. President trump named agit pai the new chair of the fcc. Hes a republican, hes been a commissioner at the agency since 2012. He is expected to roll back Net Neutrality laws passed by the fcc in 2015. Hes known for being an antiregulation and pro merger generally. Last month he said he wanted to take a weed whacker to current fcc rules and predicted Net Neutralitys days are numbers. He previously worked at the Justice Department and verizon. This is really interesting. I have to go back and remember what Net Neutrality is. I know its bad for the Cable Companies, good for the new technology companies. Flip it around. If you Net Neutrality itself. Yes. Good for the companies trying to push traffic down the pipeline. You spend, you know, 30 billion building out your network, then youre unable to charge for people that use most of it. It was like an acronistic ruling. And wheeler was antiNet Neutrality. The president told him what to do, he got in line. Silicon valley was too close to the obama administration. You wonder what happens with some of this. It was purely political. Three guys, two of them are one party, one is the other. Whoever is president controls whats going on. Not apolitical at all. Joining us now is ed keon from qma, mary ann bartels, head of Merrill LynchWealth Management portfolio strategy. If we were to look at an s p chart or dow chart, were shortterm oriented, so the flat line im talking about is six weeks or something. Maybe only four weeks. We had the big run up after november 9th. We stalled. Were not babove 20,000. Is it just consolidation after the big gains . Is the market waiting to see the actual policies that get enacted and gauging what trump will do . Or waiting for the underlying economy to show signs it has now gone above or is it all of those . I think on some level its all of them. You think so, too . Yeah. Any of them more is it 33, 33, 33 . Or 34, 33, 33 . I think its more digesting the gains than anything else. What do you think . We had a sharp run up, a short period of time. Its not unusual to consolidate the gains. We have not seen concrete policy yet, its only been less than a week of the new administration. And earnings will be the most important driver of stock prices this year overall. But policy will matter, so its a pause that refreshes. A pause that refreshes implies when it resumes t resumes by going up. Not giving back all the gains we already have gotten from disappointment. Thats my best guess. You, too . I think we should break to the upside, most people are not expecting it. The market inflicts the maximum amount of pain, everybody said to sell after the inauguration. I think we can break to the upside. I wouldnt be surprised somewhere in the First Quarter if we had a 5 , 7 pull back within the markets, that would be normal and seasonal. So the outlook this week, will the outlook be that these companies any of it based on the new administration or animal spirits . Do you think theyll raise their guidance based on a Better Business environment . I dont know if theyll raise guidance, but we will see Investment Decisions hiring . That stuff is more likely to happen as a result. We have the Consumer Confidence numbers are up. Psychology matters a lot. It looks different so far. You think so . I think what many of us are looking for is a capex bomb. We have not had one for a while. Energy was the last capex. A lot of optimism is coming in under the new administration. There seems to be confidence in Corporate America. So, if we can get that confidence, get commitment are you talking about in forms of manufacturing as was the focus of trumps meeting with Business Leaders yesterday . Its not just manufacturing. I think just Corporate America in general. Entrepreneurship, starting your own company, innovation. Thats what we need to get back to. The president tweeted five minutes ago under the atreal donald trump handle. Well be meeting at 9 00 a. M. With top automobile executives concerning jobs in america. I wanted new plants built here for cars sold here. Not a big surprise. So ed, qma, now youre ans a set allocator, too. Overweight stocks, underweight bonds. All stocks . What about healthcare and energy and financials . Where we have more flexibility, im overweight f financials. It has been flattish in the whole period where the market has flattened out. I still think thats a good place to be. Did a lot on the first day. I wonder if there comes a day where he says i will look at doddfrank, heres what i dont like. I wonder if that day can be coming. Thats a hard you cant sign it all away. You can do a few things. Thats a larger project than a thats more than a day project. But it might make sense to stay long financials thinking thats coming, right . I imagine many are. I think well talk to dick bovet who has a view on how the banks are managing this. Really . I think so. Hes coming up. How timely. How fortuitous. I would say how seren d serendipitous. Did you know if youre good at something, its a forte . Itnstead of forte . You learn a lot. A full Service Operation here. Especially early in the morning. I think the biggest thing that happen the last year is the breakout in the banks and move in financials. Thats important for the markets Going Forward. And that it continues . Yes, markets generally dont go down when financials are going down. Thank you. Thank you. Thank you. When we come back, watch out uber eats and grubhub. A beer and pizza fetching robot will give you a run for your money. These are pictures you have to see to believe. Well tell you about the new heights in Artificial Intelligence when we come back. Poit hseow pdge,bre rch poit stolewih onwnsu whetr er shem. H e. E. A asasasorns, one c3an for 389de with the xfinity tv app, anything with a screen is a tv. Stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. You can even download from your x1 dvr and watch it offline. Only xfinity gives you more to stream to any screen. Download the xfinity tv app today. Welcome back to squawk box. I dont terminator was hunter killers, they were bad. This sounds positive to me. A humanoid robot hitting the street today ready to bring you beer and pizza. Its been nicknamed funny. Among the things that make this guy special, it can order and pay for food instead of just picking up and delivering a meal. He has a funny look. Great idea. Beer and pizza. No indication hell kill you at this point. Who knows. Looks a little slow. Stupid or no, literally slow. When they showed the pictures of him going down the sidewalk. Three years from now hell be running down the street. Which will be great. Unless youre trying to create jobs in america. I was thinking the same thing. You have seen that scary thing running on hills and stuff. The robot from google. I was thinking about in reference to this was the president , you know, if really does want to keep jobs here with manufacturing. But where do you draw the line by saying do you do you tell people not to out mate . I dont know if you saw some of the stuff the one thing that impressed me, dont know if you got a chance to go to the panels in davos at all. That would be a no. This was how advanced some of the a. I. Stuff was, Artificial Intelligence. That was a big discussion. That was really freaky. Whats an example . How quickly some of this is coming. That robot made it look like some driinky thing thats not im