York, boston and philadelphia. Were here at the nasdaq. Things are moving just as expected. The New York Stock Exchange is expected to operate normally. Take a look at the u. S. Equity futures. They are indicated slightly lower after a mixed day yesterday for the markets. The dow futures are down by 13 points. S p futures down by less than a point. The nasdaq down by 1. 7. Overnight, in asia, there were some red arrows when it came to the nikkei, which was down by 0. 10 . The hang seng was flat, the shanghai was too. In some early trading in europe, youll see that tlinhings are relatively flat there as well. German chancellor Angela Merkel meeting with President Trump, its been postponed. I said we would give you headlines nothing to do with the snow, but this is because of the snowstorm. Merkel was on the way to the airport when she received a call from President Trump to delay the visit. She continued on to the airport and told reporters on the plane the trip was canceled. That is not a joke. The meeting was rescheduled for friday. The itinerary set to include discussions on nato, isis. Some irritation there . Lastminute cancellation . Maybe a little bit. Im not sure. I think its just were on the plane, were not going. Unclear why she decision turn around. Tweets, emails, texts. If you cant hear the way its said, you dont know. Just odd to have that you would deliver the joke, this is not a joke in a different way . I dont know for you. I dont know how it was intended. She seems nice. Im wondering its early. Its early. Im in the showme mode. Youre questioning the weatherman . I walked over. There was like a dusting on the way over. Its more than a dusting. Its barely a dusting. Its not two inches. Its not two inches yet, andrew. Its just that just growing up in the midwest, going to school in colorado, i know what a lot of snow looks like. Well see what it is. These guys when they get egg on their face, its embarrassing. Jeeves told me it would pound starting at 6 00. I looked out at midnight, nothing was going on. 1 30, nothing was going on it. Could go for 24 hours, right . 3 30, 4 00, things were happening. Well see. Now im here. Some people are downgrading the forecast. 4 to 8 inches. Though i was still hearing 12 to 18 inches for new york city. Have we gotten a bit soft . So much news, twitter there were two different models, a european model and american model and they both sh matched up to show the snow. I love the models. You love the models, you love the polls, the analysts. Love the consensus. I will say driving in, coming back last night t was a beautiful night. Think about 100 years ago, god, its nice. People with hurricanes had no idea they were coming. Isaacs storm, the one that hit galveston. Oh, its nice. Its all quiet. Well see. Well go on and talk about the im surprised the stock market is behaving the way it is today given the cbo and its implications for tax reforms and whether this coulden sol be sol. Im in a showme mode. How about that . Theres no free lufrmnches, let it stay the way it is the Trump White House has taken issue with the cbo. Paul ryan was saying this shows we will bring down the deficit. I dont know if you saw the other report, the white house numbers, the internal white house numbers are worse than the cbo numbers. Well get to all that. Well did you like it when i did the show earlier . I said how do you get to four rate increases . I guess well explain what type of economic back drop there will be. Lets back up. We had the tillerson thing we wanted to get to. You want to go back . You want to read about the twoday fed meeting . No, well go back to what we were talking about. We are . Yeah. Republicans defending their Healthcare Plan after that new report from the Congressional Budget Office said that 14 million americans would lose medical insurance by next year. Eamon javers joins us with more. Those numbers, especially as you get further down in additional years were greater than people had been anti titicipateanticip. Youre right. This cbo worse than expected for republicans pushing the healthcare bill. There was reaction from the Trump White House yesterday as well once the numbers came out. Let me give you some headline findings here of what the cbo put out. They said in terms of the deficit, this bill will be good. They said the bill would cut the deficit by 3 337 billion over tn years. They also found that 24 million more people would be uninsured by 2026. Thats a politically challenging number. Average premiums will increase by 15 to 20 in the coming two years, though theyll decline by 10 overtime. There will be a sharp rate increase in the early years. For nancy pelosi and the democrats, that simply wasnt good enough. Theyre taking 24 Million People, pushing them off their coverage. And as they do so, they are implementing the biggest transfer of wealth in our history. 6 600 billion. In terms of insurance coverage, its immoral and in terms of giving money to the rich at the expense of working families, its indecent and wrong. Now, tom price, the secretary of health and Human Services said yesterday at the white house that the Trump White House disagrees with the cbo. Heres what he said. I think its important that we ask the question compared to what . The fact of the matter is this is about real people, about real peoples lives, about the coverage, the Health Coverage they have but also the healthcare they receive. The fact of the matter is that right now, current law, we have individuals who have Health Coverage but no healthcare. Guys, Goldman Sachs had a note overnight, their analysis is that this cbo report will make this bill harder to pass up on capitol hill. They suspect that it will need significant changes before it does pass, considering theyre Senate Moderates waiting even if it does pass the house of representatives. Is it fair to think this is a political hot potato . Every side is a little kau shusz abo cautious about it . Absolutely. Nobody wants to be tagged with americans losing health care. Thats the question. How Many Americans will lose healthcare and who will get the political blame for that. Republicans have been very adamant that obamacare is a disaster, its failing. They want to replace it, but they dont want to be left holding the bag politically in a position where they replace it with something that eamon, if there is no mandate, People Choose not to have it. We have to factor that in. You know, maybe some places are not there are no personal this would amount to a surcharge. But theres still a choice. People need to choose to do the right thing, andrew. They do, but its going to yes, but if youre older, it will cost you more. Thats the issue. Either way. The cbo report said the reason a lot of people drop off is because they would no longer have to. Theres no question that people may not participate, then that will ab bbe a big question about whether this works or not. The other component is if youre an older person, especially if youre an older person depend de ant on medicaid, the credit will be much less. If the deductibles are so high, the premiums are so high, you cant afford to get the care or you have an insurance card, but you cant afford to use that insurance because the deductibles are so high, the healthcare you need is crushingly expensive. Two crappy choices, you either got what we have, and they did backend load this to explode in 2017 when hes out of office. Thats what the president has been saying. Now you see it now we have one crappy plan, trying to get a better one. The problem is you dont get something for nothing. Im not sure barack obama wanted to sandbag Hillary Clinton who he expected to be president this year. I wouldnt be so sure of that. Which didnt happen. I wouldnt be so sure. I dont know. I dont know. Who knows what goes on behind closed doors. This is tough. We try to find out. Who knew it was this complicated. To quote the president. All right, eamon efing javers. You are effing today. I feel that way. Freezing. So i understand this word, im hearing out in new jersey people are messaging me that its snowing bigley. Yes. The roads are terrible. Its snowing big league. No bigley out there. Rex tillerson taking his first trip to asia as u. S. Secretary of state. Probably been there a million times as ceo of exxon. Scheduled to leave today for east asia and the pacific region. His trip will also include stops in japan, south korea, and china. Tillerson will meet with senior officials to discuss north koreas recent missile tests and u. S. Economic and security interests in the region and were doing some exercises over there which are interesting in response to what north korea has done. Sort of some sabre rattling. A bit disconcerting. Worries me more than the storm. Unclear what well find out over there. Given the back and forth that the press is not on this plane with him. Yeah. That is something i think would care about, maybe not. Separately, this is a fascinating story. Rex tillerson used an alias email address while at exxon to send and receive information related to Climate Change according to the new york a. G. Office. He used an alias wayne tracker. Wayne is tillersons middle name. It was discovered as part of the attorney generals investigation as to whether exxon misled Share Holders and the public about Climate Change. They said the email was put in place for secure and expedited communication between tillerson and senior officials. The issue is they didnt deliver the emails when originally subpoenaed. I was going to say, i know some people at nbc who have secret email addresses people have separate email addresses, but if theres a subpoena, you have to deliver the email irrespective of where you were what fake name youre using. Like hillary . Excuse me. Like hillary delivered all her emails . You a man of principal . If you are a man of you always bring that up. Do you ever stay consistent on arguments you i try. Okay. Number one, Eric Schneiderman . Total hack, number one, political hack. Isnt every attorney general appointed not to this extent. Then you know my feelings. The idea that what are you hiding . Youre not hiding anything now. Its not settled. You know, hiding what . Hiding that we knew something that we dont even know today . Hiding emails. But the whole reason for looking at it is i dont understand. We spent two years screaming and shouting about emails, i would think youre upset about this. Its not about me. Youre upset, you can be upset. Its interesting. I have too many other things going on. I have a family. I cant be upset all the time. Joining us is mark grant, you are upset today . I would like to say this morning is its 70 degrees now in ft. Lauderdale, heading to 81. Rub it in. Rub it in, mark. Thank you. 70 degrees here, two weeks ago. Let me guess, youre on your boat. Here on set is andy johnson head Investment Grade fixed income. A lot to watch for you. I think wilf will be on talking about the netherlands. The bond, tenyear up above 2. 6 today. Amazing. The fed will do what its going to do. We know theyll go. Theyll go. Thats pretty much telegraphed. The question is what do they do after this . Theyve been promising three hikes this year, three next, three after that. Market has not believed that. I think its time for the market to start taking the fed seriously an almost literally. That is a change. Before the market refused to believe. I think theyre quite serious. Fool me once. There were dot charts going back for the last five years, none of those dots were ever real. Im a dotologist. Didnt work. No, it didnt. You think it will . Real change when we were at 10 for march, and were doing all this fiscal stimulus, you have consumer confidence. Stuck there at 10. Then it moved. Now were up to where you know why . They telegraphed it. Think tried to telegraph before, but we didnt believe them. I think its time to believe. Look at Janet Yellens speech on the 3rd. Its the most clear and concise out of the fed. They are telling you what theyll do and what the response function is to the economy. What do you think, mark . I have two views on this, joe. One is were at 2. 62 right now we are right at the tipping point. If the fed does sound hawkish, were at 2. 75 , 3 . Number two, the fed today is not going to be the fed of tomorrow. I dont put a lot of stock in this. Mr. Trump will appoint at least three people we know of to the fed and maybe more. I think well have a very different fed. And i just dont see the desire by the new members of the fed to hike Interest Rates, stop lending, cause major problems for commercial real estate, r residential real estate. I think its a real question what will happen here. Mark, i come to you for everything. I have some ann landers, dear abby type stuff i want to send you, that we dont need to discuss here but i need advice on. What will happen with this aca stuff . Do you think that you know that theyre going to take that number, pelosi, media, everybody else, its going to you already got some republicans who dont think it goes far enough. How will this play out . A lot of people are missing that we got a president thats embarked the country on a different road. Theyre putting out proposals, and the proposals will get refined. And i think everyone is focusing on here it is, thats it, thats it. I dont buy that argument. I think were in a process of figuring out what will work. I think theyll figure it out. You do . I do. The market, 12 dow points, if it was going to be, my god, 24 million, repeal and replace is off the table. Tax reform is off the table. That would affect the market if it looked like they couldnt get it together. Dont you think . Absolutely affect the market. But remember, joe, you keep talking about show me. I grew up in kansas city, missouri, im from the show bm state. I think well see a back and forth from the congress and white house until they reach a plan thats acceptable to enough people in the congress to pass it. I think it will get passed. This has got to be on your radar. Its not janet yellen, but infrastructure, too. Its absolutely a big deal. I think well get tax reform, the question is how big it will be. The economy needs it. At the end of the day we need a more productive economy. Productivity has been too low. To the extent tax reform can improve that fact, we got something. If it doesnt, it will be a sugar high, but not really that impactful on a persistent basis. We have to have that happen. I think it will happen. There will be give and take, back and forth. At the end of the day, some tax reform will occur. Well have lower corporate taxes. Will we have a bat . I dont know. But i think theres a decent shot, a bigger chance many people believe is the case. Mark, what happens in the nether lands and what about le pen . Have you said he will pen will win . The netherlands, we focus in america like theyre Geert Wilders and one antieurope party, theres really about five of them. I think theyll get more votes than people think. He will pen, you know, the conventional wisdom is she gots into the final round and loses. A lot will depend on the populist feelings. You may have seen this morning turkey ended the agreement to hold the migrants in turkey. If we get another 500,000 people pouring out of turkey into europe. I think its going to be a different game. Joe, any time, if you within a me to be ann landers for you, just call me. They were sisters. I dont know which one i liked better. They were like the same person, i think. Thank you, mark. Thank you. Thank you. Coming up, a powerful noreaster is blasting the east coast with snow and high winds. Well get an update on the snowfall and the latest on business closures in new york and washington. Well do it next when squawk box returns. No matter how the markets change. At t. Rowe price. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. Live shot of times square there. The snow coming down. The blizzard of 2017 pounding the east coast this morning. New york, new jersey and connecticut all under state of emergency. Lets get the forecast right now from meteorologist Angie Lassman from wtvj. She braved the storm, shes now at hq in engle cliffs, new jersey. Things are looking rough out there. Weve seen some changes in the forecast. I wanted to show you what were talking about as far as the snow potential. We saw the storm moving through overnight last night. We started to see some of that ramping up. Right now were seeing this change. We had a bit of a shift eastward, as far as that system goes. And that means the western portions definitely seeing the highest amounts of snow, especially when you go through portions of the catskill mountains. As far as the coastal areas, less snow for them, but not out of the woods. Were talking about areas where we will see coastal flooding, erosion and strong wind gusts. Up to 55 miles per hour. Winter windstorm for much of the area. 72 Million People will be impacted by this. It will be a tough one. Were already seeing issues as far as travel closures, road closures, airports. If you have those flights out, good luck. Were going to be seeing lots of closures as far as the airports go for the entire day today. Timingwise, talking about basically it started out this morning, we continued to see it into the evening. A couple things. Really heavy, dense snow as far as what were dealing with today. It will be wet. That means anyone heading out to shovel, it will be tough on the bode. Talking about really some tough conditions if youre an elderly person, make sure you are asking those neighbors for help. Well keep an eye on what we have as far as those potential power outtages. Many of us dealing with outages here and there. Where we are seeing the heavier storms, well be watching for the areas close to the mountainous regions to be watching for heavy power outages. Well track this storm. Right now it is bringing heavy snow to new york city. Thats a place you dont want to be driving. We will be watching for basically a tough day ahead and not a day you want to be on the road, not a day that you want to be out a