Tenyear yields around 1. 84. The euro on track for its worst month in two years, below 1. 12. More on that in a moment. Road map begins with u. P. S. Shares down sharply in premarket trade, after cutting guidance around the Holiday Season. Fedex down in sympathy. Mcdonalds shares rising in premark on the companys first samestore sales growth in the United States since 2013. And starbucks, record fiscal First Quarter results, in line with estimates. Chairman and Ceo Howard Schultz is going to join us exclusively on cnbc in the next hour. U. P. S. Probably the freshest news, jim, cutting its guidance, citing undere inging underperformance underperformance. Theyre calling volatility on certain days wider than others and expenses caught up with them. Yeah. I found this disturbing. They spent a fortune trying to get the Holiday Season right last year and they failed. And now they spent a fortune trying to get it right this year and they failed. So management is in question here. I just think my Charitable Trust owns it talk about the good ones we own starbucks, lululemon, but this is a big dis disappointment. I understand why the stock is down this much because, frankly, they should be in the sweet spot. They hired aggressively they said on days when they were not that busy, they didnt do well. I just have to call into question what theyre doing. I mean really this is the kind of thing when you see this you say, they are wheres the board . The board has to look at what happened here and make tough decisions about the ceo. They of course citing things like the west coast port as something that threw a wrench into the quarter. Does that not ring true to you . As great Bill Parcells says theres no medals for trying. These guys are trying. I want guys who are winning. Obviouslying second Holiday Season in a year where thats an issue. Go through this release and say, all right, look this is a Great American company and it deserves better leadership than its getting. All right. Well talk more about fedex down in sympathy. Mcdonalds the other big story, moving higher despite a miss. Comps better than expected including the first samestore sales growth in the United States for 2013 for the month of december. For the quarter, down 1. 7. Above estimates. Revenue down 7. Don thompson saying the Company Continues to face meaningful headwinds. The reason why this stock is up, because back out china and its not as bad a miss. China did have supply problems. Theres a level of financial discipline theyre putting in here. Capital expenditure plan the lowest its been in five years. Saying we should return cash to shareholders rather than keep growing. Very disappointing. This is further along in the sense that they clearly get that theres a problem. Should the board take action here . I think a short lease on management because this kind of performance with its endless alley by says to me wendys 52week high they serve burgers, too figure out the comps. Burger king better. Chipotle better. This, i like the new ad campaign but the ad Campaign Says youve got the freedom to choose. Thats terrific. But theyre not choosing. Wendys, sevenyear high. And nelson pelts, worked with him, redesigned the menu the stores. Took a simple menu makes it win with monthly promotions thats how you do it. Its the worst miss for mcdonalds in five years. Short leash, whats short . I mean a couple more quarters rest of the year . I think 2015 has to be the year. These companies ive been saying on twitter people are sick of it i dont give a the nfl doesnt tolerate this. John fox gets fired. After winning 12. The bears fire anybody who wins ten games. Although they had a bad season this year. Looking at rigor the nfl is in if you cant get a turnaround in a couple of years then coach is broomed. Now, i think the accountability in business should be similar because the moneys larger. So this is thompsons year a make or break year. You say, listen we get it were not doing it right that is something which says you better start doing it right. You hold yourself at least to a higher standard. I like the cap x being cut because they need to figure out whats wrong. They have addressed the menu. U. S. Comps for the quarter, as we said, down 1. 7. Thats not down 3, like they were in the third quarter. You think that might have been the low in terms of negative comps . I think one i expected a horrendous miserable, worst quarter imaginable and all i got was a horrendous quarter. Instead of losing two games, instead of losing instead of losing four games, right in a row, has now lost two games. You literally feel better that maybe they can get a couple of ws. Eight months, well get this fixes you need a time frame what happen Howard Schultz did when he came back to work ill turn it in 18 months, the time it took, 18 months, and he turned that chain around 17 goes to 8 and where it is this morning. Lets turn to starbucks. Obviously record fiscal First Quarter results in line global comps up five cited improved traffic growth in the u. S. New offerings. Current guidance below whether a lot offen alifts expecting, typical conservative guidance april live interview with starbucks chairman and Ceo Howard Schultz later. Mcdonaldss revenue down 7. Starbucks revenue up 13. So much to like. China up gigantically 8 traffic. Youve got terrific discipline here in mobile doing amazing things. There were Conference Call they didnt scratch the surface of all things going right. Heres where i compare him to belichick if it wasnt for the recent make it pete carroll, theyre in seattle and schultz is a seahawks fan. Johnson, been on the board for six years. I know k. J. When he was at juniper. Hes a tech guy. Troy, i wish him the best of luck. Hes taking a coffee break weep have to hear more from howard why k. J. May be the right man, though he does drink a lot of Starbucks Coffee which was mentioned on the call. One in seven americans given a starbucks gift card in the holiday quarter, up from 1 in 8 prior year. Shocking numbers. Going back and forth with schultz, what is the disposable income spent on starbucks versus disposable income in gas line . Find that out. Roastery the disney world of coffee. Also ipa of coffee. This company understands even could we lose people because the economys better . No, because were going to put them through college. Starbucks has the starbucks has answers that a lot of people in washington would like to have about how to improve the country, a lot more there. Why only 309 to 313 for the year . You mentioned starbucks is conservative and i think they did mention second halfs going to be strong. Coffee fully hedged. I like initiatives going to kick in. Bring back japanese businesses very, very good. Its interesting that really great guys you dont hear about currency headwinds, you know . They dont this is not bob dylan. You need a weatherman to know which way the wind blows here. Yeah. Fascinating story. Amazing story. A lot to talk with howard. Look people are going to criticize me that im so hard on saying mcdonalds or u. P. S. Its Howard Schultz that makes you so hard on them. Because Howard Schultz is about winning, okay. He like at the same time hes compassionate, interesting man with lots of outside charities that he does work on. And he doesnt sit there and make alibis when europe turned around, hes about rigor. Where is the rigor in mcdonalds . Where is the rigor at u. P. S. . I dont see it. Would you apply that dynamic to ge this morning . Organic growth is really good plus nine. Cash flows guide. The stock is not giving us the right signal. Its not giving us the right signal. At the same time ge is once burned twice shy, ge is we want to hear more jeff immelt did conclude in the release saying they finished strong. More questions to ask. Industrial revenue up six, though oil and gas came in six. Honeywell, organic growth less than ge but honeywell delivers on the plan. Dave cody the delivery man in the industry. That stock is reacting well. Talk about ges quarter in moments. After delays online Data Storage Company box finally going public here at the big board. Well bring you the opening trade, talk with box founder and ceo, aaron levie. S p and nasdaq after being down 3. 5 for the year finally back in the black. More squawk on the street live from post 9 in a minute. Is rolled over into a Td Ameritrade ira. Yes so no set up fees wooh yeah so i get help from rollover consultants . Wooh yes no rollover hassle. Great. Woah oh, were spiking things, robbie. For all the confidence you need. Thats better Td Ameritrade. You got this. Female announcer get beautyrest, posturepedic even tempurpedic mattress sets at low clearance prices. Save even more on floor samples, demonstrators, and closeout inventory. The year end Clearance Sale ends sunday at sleep train. Your ticket to a better nights sleep General Electric reporting Fourth Quarter operating earnings of 56 cents a share, beat by a penny, helped by growth in industrial segment. Revenues misses consensus dragged down by oil and gasp we had jeff immelt a few weeks ago, we asked whats it like going into the cycle exposed to oil and gasp able to make up some in industrial transportation power, water. Absolutely i think this was not a bad quarter. Look at dividend money return 24 Free Cash Flow very very strong. Industrial cash flow plus 30 . 64 for nbcuni. The issue is theres a perception they did go in all in ge. Last thing we asked jeff is it where do you need oil to blow earnings out . The answer better toward 100. I think that that is a sense that they moved aggressively into at the top oil is keeping the stock back because that ive got to tell you, organic growth is the best of any Major Industrial ive heard so far. Margin not a bad story. 50 basis points the story of 2014 as they tried to hit the targets promised. Hes delivering. Ge ended, his quote, go ended with strong Fourth Quarter industrial earnings and margin growth. Environment remains volatile but infrastructure growth opportunities. The company itself is under the gun because people feel they bought two Different Companies involved with oil and infrastructure in the last year and disposing when the financials are looking up. But you know what . I think also oil and gas, equipment orders falling 15 , power, water falling 12 , Energy Management declining 5 thank you, stephanie to give us that. Whats keeping these. Ubs yesterday brought it in initiated as a buy, along with big conglomerates. Laundry list of buys. One of those, listen they had too many buys on that list put it that way. Meantime, box the other big story today. Begin trades today after pricing its ipo at 14 above the initial range of 11 to 13 pricing values online Data Storage Company at 1. 67 billion. Well talk to aaron levie, ceo, after the stock opens for trading. Got know what you think about the deal. Controversial. Im recommending buying. Why . They have big bosses. Why people think googles turning a commodity. The answer they have, i think, a Cloud Security better than google. I think the commercial drop box, theyve been able to charge the other guys havent, because the price has been cut from where it was, i think theyre giving a gift to people. This is a General Atlantic deal. The laugh one, it was trinet one of great home runs. Bill ford major domo at General Atlantic made people money if you buy stocks the ipos. Hes not one of the guys to generate a huge pop, watch the stock go down as the case last year when we saw many poorly performing ipos. Is it critical to you levy says well be profitable by x or an amazonlike story. No, no its critical. I want to see level of despalestinian. Paper discipline. This is not doa. This is not an icu. This is a company of great growth. I think that wouchbtone of the things that people miss, they give a great gift. Bankers saying were not going to bang you on this, and the longer story its been a troubled story. Sure. In terms of up and down nature of. I think levie a very brilliant man, sometimes i say, lets give him the ball. Tweet he wrote in november of 2013 ipos, if your stock shoots up you left money on the table. It drops you screwed investors. If its not, youre boring. A guy understands the game and the bankers understand the game. Watch. I think it will be an opportunity if you can buy it. Better late than never, i guess. I like that. Well count down to opening bell, cramers mad dash after a break. One more look at futures. We are on track to break a threeweek losing streak for all of the major averages. See how today goes. More squawk on the street from the nyse is straight ahead. Say youre a finance guy. A farmer. A researcher. You used to depend on experience. The internet. Your gut. Today you can use ibm watson analytics. It can make sense of all kinds of data. Uncover hidden correlations and new opportunities. And give recommendations with more confidence on who will buy. What to make. Where to plant. Which helps you make smarter decisions. Theres a new way to work and its made with ibm. It feels good it feels good just about ten minutes before the bem bell. Watching sky works. The best isnt good enough. Delivered what i call picture perfect quarter, doing business with apple, becoming the internet of all things semiconductor company. A stock that is straight up people will come in and take profits, no matter what. I think after the smoke clears go back and buy what hes selling, maybe the best internet of things play that ive seen so far. On the heels of sandisks warning which is probably the worst warning of the quarter . Sandisk, by the way, looks like a low multiple stock but absolutely missed the quarter, multiple ways. Preannounced, then they reported and they had basically guide down again. Thats not what you want. You want you want sky works. This has been a big disappointment, sandisk, im surprised. I want them to cop. Comme on any show and explain. Customers are rejecting. Kimberlyclark debate around this one. Yes one, a lot of people im watching twitter, people hate me for making people accountable saying what did i do in 1997 and when did i stop beating my wife in 1983. I didnt get married until 1987. A terrific job for many years, he gets a pass. There are currency issues here. And i think that when the smoke clears, people come back to this. I think everybody gets one season or one quarter where they dont deliver. This is a nondeliver quarter. They were hurt by venezuela. People are going to back the countrys a black hole. These people are adjusting. Currency horrendous kimberlyclark. Colgate removed from the list. They put proctor on. Proctors restructuring like mad. Looking falk will come on he did the great thing spinning off health care. People who have held him put him in the short shrift category, theyve been hurt. Sometimes a guy does get a pass. Im giving it to him. If this year has been the story of staples, utilities and reits, do you think that changes here postdraghi. I think we are really in the midst of a sea change moment where youre going to start going back to technology and saying, whos part of the internet of things . Who is developing wearables . Who is doing things very forward and will buy them . Who is doing restaurants will and buy them . Everybody else called into question. If Oil Continues to stay down we will want to buy industrials for a worldwide Economic Growth story. Right. That would be a shift. So far this year super defensive. General mills one of the most poorly performing Companies One of the better performing stocks. Utilities act as growth stocks. Theyre hardly that. Stay close to that. These are bond market equivalents, people say i dont care what price, i get that yield. One day that changes. When it changes, its vicious. Well talk more about that in a moment. Well get the opening bell in seven minutes. Dont go away. Male announcer its time to make room for the new mattress models but sleep trains huge year end Clearance Sale ends sunday. Get beautyrest, posturepedic even tempurpedic mattress sets at low clearance prices. Save even more on floor samples, demonstrators, and closeout inventory. Plus, free sameday delivery, setup and removal of your old set. Dont wait sleep trains year end Clearance Sale ends sunday. Guaranteed sleep train your ticket to a better nights sleep youre watching cnbc squawk on the street, like from the Financial Capital of the world. Opening bell in about four minutes, as box sets to start trading today at nyse. In the meantime though futures relatively tepid here europes been on fire jim. Sevenyear high on european stocks. Dax closer to 11,000 than 10,000. Is this draghi move going to have longlasting effects. When you have that currency give you a head start versus the rest of the world it makes sense that you might think earnings will be ignited for the companies. Draghi, late to what the United States did. Look theres its i dont mean to be political, really not, but bernanke did this we have a lot of jobs created and the markets up. I think people are saying guy takes blueprint, got to follow it. Wait and see because a lot of companies are doing poorly there. But, theyve got this was a major blink by the germans who said over and over balance budget, balance budget balance budget. Once you have 193031 regime replaced by 3233 youll get a nice pop in the stock market. 1. 12 this is since the may high if the europe re, if it were a security would be in a bear market just about bear market. Well, euro i mean you can take it wherever you want i guess. Look