Been more or less stable, at least lets call it for the last few days. As for europe, going over there for the continent, across the atlantic . Its positive. Thank you, simon. Except for wheres that red there . I dont know even know where that is. Germany. It much smaller than you might this. We have a new Coalition Government in germany. They may be about to expel silvio berlusconi. We have a live and exclusive interview with Hewlett PackardCeo Meg Whitman is coming up. The nasdaq coming off its first close above 4,000 in more than 14 years. Triple a is projecting more than 43 million americans will journey 50 miles or more away from home between now and sunday but Stormy Weather on the east coast is wreaking havoc on Holiday Travel plans for millions of them. Lets check in with kayla tausche. She is at Newark Liberty airport and will give us an update. Its not looking good, though. I dont know how many flights have been cancelled. I assume youll tell us. Its so far so good for travelers at newark. The dreary weather is something they cant change but theyre arrive hearing relatively pleasantly surprised that some flights are even leaving early. Thats not the case at laguardia and at the airports in philadelphia. J. F. K. And newark only delays of 15 minutes whereas laguardia about an hour, philly up to two hours, most of those delays for inbound flights. We just had a presser from the Port Authority earlier today, much of the havoc on the travelers is expected later in the day as the storm pushes up the east coast. Heres the Port Authoritys thomas bosco. With the weather there are scattered delays and cancellations. The best advice i can give to the air traveling public is to contact your airline before you leave home to come to the airport, find out about the status of your particular flight. Now, with of course the scale of this storm, a lot of the country is affected. So far today nationwide we have 268 flights cancelled, 570 delayed. Thats roughly the same number of cancellations as yesterday and this is according to flight stats. But of course staff at newark here are telling us that the big rush for them was yesterday. A lot of travelers rebooking their flights to try to get out ahead of this storm. There was a huge rush, especially yesterday afternoon. People didnt want their flight to get cancelled and they i anticipated that might happen today. There could be a lot of bad news for travelers but if you can get out within this relatively short time frame, its looking good for travelers here in newark. Shares of Hewlett Packard are jumping in premarket training after results driven by strong growth and unexpectedly stronger results in printing and even in the personal systems group. Well get into all of that with meg whitman. Shes going to join news just a few minutes. Good to have you here as well, jon forte. Its your old beat. Im still on it. Its not as if the company is growing, still seeing some typeline erosion. Some opportunistic growth. It was low margin, a lot of it. It is reversing the play book that hp and others have it and over several quarters, saying they dont want to sacrifice margin for volume. Well, theyre doing that, not just in pcs but also in service. You sort of wonder what the end game is. You can only do that for so long since theyre in secular decline. They could get caught if they dont figure what to pivot to once theres no more margin and unit sales to be had. I had a conversation with Ceo Meg Whitman yesterday and they did indicate on the call a movement more looking more for margin again. Its amazing. 8. 6 billion in revenues, 260 million in operating profits. Those operating margins are so razor thin. But enterprise is growing. Thats the thing, isnt it . Having sat the guy that is in charge of that. After eight quarters they managed to get that moving. Two areas in particular, networking and storage doing well, that three times acquisition that some criticize as too expensive, theyre liking it now. Its interesting you mentioned that. Its come up a lot. Seems to be a shining star over there. Well have a lot more to talk about. That was a little taste of what we can expect. Well have the exclusive interview with meg whitman coming up. And take a look at futures one more time as were about 20 minutes from the open of trading here. More squawk on the street live from post 9 at the nyse. Hi honey, did you get the toaster cozy . Yep. Got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. So i knit until it was full. Youd be crazy not to. Is that nana . [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. announcer at scottrade, our cexactly how they want. T with scottrades online banking, i get one view of my bank and brokerage accounts with one login. To easily move my money when i need to. Plus, when i call my local scottrade office, i can talk to someone who knows how i trade. Because i dont trade like everybody. I trade like me. Im with scottrade. announcer scottradeproud to be ranked best overall client experience. You can fill that box and pay one flat rate. I didnt know the coal thing was real. Its very real. David rivera. Rivera, david. [ male announcer ] fedex one rate. Simple, flat rate shipping with the reliability of fedex. Shares of Hewlett Packard trading higher in the premarket. The stock perhaps will advance as much as 6 to 7 when it does open. Joining us now for a cnbc exclusive is Hewlett Packards Ceo Meg Whitman. Always good to have you on and appreciate your willingness to be on, especially considering how early it is. Happy to be here. Weve had you on each quarter over the last couple of years youve been running the company. You pointed to 2014 as a key year and i want to start there. It was a good quarter for Hewlett Packard, at least bit markets interpretation at this point but nonetheless revenues still are declining. Is 2014 the year where you finally turn the overall business around in terms of starting to see revenue increases . Well, it is a pivotal year for hp. We said about six weeks ago you should expect revenue to stabilize, probably not grow, in 2014 but stabilize and youll see progress in our innovation, excellence and ability to deliver great products for excellence. Its an important year. Weve laid the foundation. Were two years into our fiveyear turn around. 2013 was capped by a good, strong, solid quarter for hp. Some would say youve already stabilized things. Youre only down 1 , you had a number of divisions, Enterprise Group up, printing up in Constant Currency so why not build off of growth into next year . Why are you seeming to be so conservative heading into 2014 . Well, this is a big company with a lot of moving parts, and weve got declining business, weve got businesses that are about flat and we have our growth businesses. The question of Revenue Growth is really going to be how fast can we grow those growth businesses that pivot to what i call the new style of i. T. , where technology is going. And then can we slow the decline of some of our legacy businesses. Plus, david, i would say were facing a tough Macro Economic environment. Were not forecasting any tail winds from a Macro Economic point of view almost anywhere in the world. Tell me more about that, meg. Im curious. Its the same as this year. I would assume there were no real tail winds in 13 or in 12. You talked a number of times about potential head winds in 2014. What do you mean when you say that . 40 of Hewlett Packards revenue comes from europe. This company got to europe very early and its been a great vehicle for growth. And we see europe softening quite a bit. Our Enterprise Group had a good period in europe but china is soft. The United States seems stabilized but not taking off on a growth trajectory. Enterprises are still conservative with their spending, consumers are conservative with their spending. We dont see any real game changers. A number of your competitors cited expectations and saw weakness in china, which you said was not bad. You didnt see a weakness impact . Not a big impact for happened in the Third Quarter. I want to talk about printing. Total hardware units up 6 , which would seem to lay the groundwork for more ink sales down the road. Can you continue that kind of unit growth into next year . We believe we can. This is a very strong business for Hewlett Packard and it has only gotten stronger over the last two years. You might recall when you and i first met when i became head of hp, the narrative was that printing is in a big secular decline and hp is gaining share. We think continuing to place units in laser and in ink is going to be a very positive thing going forward. Indigo had a great quarter. Were confident in our printing business going into 2014. You think can you continue to maintain 17. 7 Profit Margins or up even higher . Id count on that general range, plus or minus just a bit. We are making investments in that business, and making sure were taking advantage, which is our subscription business in the United States. Were very clear about that business. Some of our. We like to talk about the death of the pc. Man, weve spent a lot of time on that one, meg. But consumer revenue was still down 10 . It seems as though the opportunity is more in the Commercial Area for you. Do you pivot even more to that area in 2014 or do you maintain all these Product Offerings on the consumer level, even though it would seem there were fewer people buying wcs. We had a good quarter in our commercial business. Well in Companies Still need to do work stations, desktops, laptops and high brids. We also see an opportunity in tablets. The commercial tablet market right now is very competitive, not sem people are making money so we will play there but quite selectively. Fwen in the consumer sc so were really focused on profitable growth in the p. C. Business. Its not a longmargin business and has an excellent return on invested capital profile. Youre going to go after commercial tablets, correct . Its the consumer where its extraordinary errol. We had a tremendous channel network, a Partner Network that is really a big part of our over all distribution. So we want to capitalize on that as we did we had success with our elite pad 900. Were coming out with version two of that and a number of other tablets. Theres an opportunity for multioperating system, multiarchitecture, as well as a number of different form factors. As were headed to 2014, were going to see if we cant carve out a place for ourselves in the tablet business. When we were talking about dell as a public company, that they were cutting price to keep relationship, which was pressuring already thin margins in that business. Do you think they changed their approach now that theyre private . You know, its hard to tell, david. Well know overtime as we look at the shares in the marketplace, who is gaining share, who is losing care. This is a very competitive market across virtually all our product lines. So woo have to v the right product, the right krog segment and segment the market smartly a bill and. I know in the Conference Call you and your ceo continue to talk about an tune some would say havent they already done that . Youve already cut a lot of jobs at this point, youve cut a lot of costs. Where else can you go, meg, in terms of dinning to do that . Were two years in a threeyear Restructuring Program that i announced when i took over a couple of years ago. So we have more Cost Reduction thats already planned. Now were into that next phase, which is business process reengineering, thinking about designing our product end to end, from the design of the product, in case of servers or mother boards, all the way through dodgist iks and supply been you might rrl so were going to get sharper and crisper and improve our excellence. When i opened the call yesterday, i said were really pleased with our performance but we have a long arm to go. To be was three to five years. Now youre saving five, which its been for a while. So when do we finally do an interview where you say the turn around has occurred and were on a different growth trajectory sp. Just to be really clear, david, i think i always said five years. Maybe im wrong. I didnt say five because i meant three. Now listen, theres a lot of milestones along the way. Can you see the milestones. Look at our net debt position on the operating company. We achieved our goal of zero net debt position on the operating company. We generated 9 billion of free cash flow. So the financials of this company, the Balance Sheet is much stronger. Id say the turn around on the Balance Sheet has occurred and we have to keep on going on our go to market, on our products. But well make progress all wait along. In todays business world, you never can stop improving. You never can declare victory, youve got to keep going. I still think were on track on that fiveyear turn around zuch mentioned the 9 billion in free cash flow. It was a large number, perhaps unexpectedly large. But next year youre targeting a far lower number. Why is that . One is a number of things in the First Quarter weve got our bonus payment from fiscal year 13 that hits, weve got some Incremental Capital expenditure. Were now down to 17 days of cash conversion cycle. We think a more sustainable level there is probably in the 20, 21, 22 range. I hope we can do better. But, you know, we have to be realistic in terms of whats sustainable from a cash conversion cycle. I just want to defend myself with you, meg. You did say in a Conference Call in 2012 that if you look at history, these turn arounds are not done in less than two years, often they take three or four or five years. We dont have to belabor the point. Let me end on 3d printing. I know you got a question yesterday and answered something about acorns. Can you put a few more leaves on that tree for me . Were excited about the 3d market. Its an adjacency for hp. 3d printing is more like i would like to call it 3d model making in many ways. We have to figure out how we can differentiate our offering and the biggest challenge is the length of time that it takes to actually print the model. We believe weve got some technology that can speed that up dramatically. So lots of exciting things. We think its an interesting adjacent market for us and youll see more announcements in 2014. But its going to be a Small Business in 2014. Were at the beginning of i think a 3d printing market, not even the middle. When i said acorn, it will be a small number for us in 2014 but were excited about it. And finally, meg, from the states or in the urchlts k. Since then. Why is that . I think the regulatory agencies are doing their work. They understand the issues and theyre doing their work. These things take time because it is complicated. Theyre doing their work and i imagine sometime next year they be then. Meg whitman, thank you. Thank you. Coming up, well talk to Mindy Grossman as the multichannel retailer gears up for black friday. 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We could have a listing first, second week in december. Thats fair to say. It was not obvious for some time after that leveraged buyout that hilton would ever make it back to the public market. They bought at the top of the market. It was a hugely, highly levered transaction. Blackstone and john gray managed to refinance, manage