Those greek elections. Well talk futures, oil, the euro all bouncing off overnight lows. Americas largest home builder up more than 6 that is the stock and the premarket. And Apple Earnings on deck a report that apple sales in china exceed those in the u. S. Plus is apple pay at a Tipping Point . More on those stories in a few moments. First up though lets talk about these markets. Obviously a lot of people wondered what this morning would look like after the greek elections. The serisa party taking two seats short of an outright majority, but looks like they are going to have a working coalition partner. Are you impressed that europes not in the red . I think that the partner might be this greek far right wing. I know yes. And i feel that what this says to germany once again is look, this is the future. Unless you get it right, youre going to see extremism in these countries, which is making it so that draghi won last week in terms of qe. Now we see this. It just seems like everything is going the nongerman way, which means theyre trying to hit expansion rather than talk about balanced budget. So i think that thats the second wave. The first wave is wow, this is bad for the currency. The second wave is you know, wait a second. The guys who want more growth just won. And thats very important, because were starting to see some pretty good numbers out of europe in the last six weeks. Right, but it does not auguster for greece leaving the euro. Auger for greece leaving the euro. A potentially negative event. First of many. I think what happens here is that anything that signals expansion is being viewed as possible. Because with oil going down with qe youre suddenly coming up with a scenario that makes you feel like exukraine, europe could come back. Im sorry, how is the greek election proexpansion . The coalition with this far right party. Yes, yes. And the far right party is very frightening to people. Because suddenly you say to yourself, okay, well maybe france, which has a far right shortage starts doing well. Other highly leveraged countries. Yeah next thing you know youve got what do they really care about there . They dont care as much about economic expansion as they care about social revolution. They have to stop that no matter what. I think draghi is being motivated by the idea that the wrong parties are going to start winning. And this is the shot across the bow. This is the wrong party if youre the germans. Wrong party if youre draghi. Does it cancel out the intent of european qe and that is to no. I think qe qe and lower iowa. Honestly, a lot of companies that i talked to beginning to see a bit of a change out of europe. Really . Yes. Kind of surprising. Seems a bit early. Seems early, but look theres no reason ill tell you one thing that conceivably could be helping, at least for the exporters, is that move in the euro. Hanging in there at 112. 6. Had been lower than that. Right. But the move in these currencies, other than the violent move down in oil the last six months its really been this is another big story in our markets. Incredible strength of the dollar. What happened with the swiss franc. Theres got to be more pain being felt amongst some hedge funds and the like. But this is a big story. You dont see moves in currencies like this that often. Bw the largest auto company. Merchandise. Bmw, you start seeing a competitive advantage. I know that jim stuart came on the show and said no competitive advantage yet. But you know what . Theres a loft things that work that people havent seen yet. For instance, in the earnings last week, a lot of the Major Companies havent yet seen the decline in their raw costs. But they all say its coming. Raw costs are coming down including energy. Im portraying a situation where the u. S. Companies its a push, but not yet. Right now the dollar is just bad for them. But for europe right. 10 in six weeks. Yeah. Just incredible. Its good for europe. It just is. Theres a school of thought that says the strength of the dollar is actually will stem any tide at the fed to raise rates. Look they are data dependent. No one wants to believe it. They keep thinking they have the greenspan fed. The greenspan fed makes up its mind and ignores. This fed says show me the data and well make up our minds. And no one seems to want to give this fed that level of credit. Theyre not auto pilot. I didnt say theyre not stupid. I just said theyre not auto pilot. All right. We do have some Corporate News today. Dr horton reporting 39 cents, beats by a nickel. New orders up 35. Closings up 29. Average selling price up seven. Nations biggest home builder. This is very different from what we heard from k. B. Homes. Very different from lenar. Union pacific talked about the amount of materials theyre shipping for housing. And how great they were the Fourth Quarter. When you have the nations largest home builder putting up these good numbers, now you start thinking okay i see, theyre building homes. Thats a very positive number for the u. S. Economy. For a sector that i mean this stock is down 9 for the year. In part because of what k. B. Said. K. B. Was terrible and k. B. Tried to make it into a Home Building issue. Lenar was not as strong as i thought. They tried to make it into a Home Building issue. The fha talking about how theyre going to cut the amount of skin you have to put in the game. A lot of banks they take the loan, they just give it to fanny mae and freddie. But this was shocking to me. When i got there, i said all right, another bad housing. I said, wait a second. Wait a second. Good numbers. But how do you square it the less than sanguine news. Inexpensive homes relative to lenar. Raw costs meaning land. Well land. But also kph just had bad margins. I still cant figure out how kph makes a house and doesnt make as much money as everybody else. This is important. It signifies that theres industry that we know as Stewart Miller said the ceo of lenar, is in recession mold. We are getting breaking news. Mattel has earnings on friday a company now saying that Brian Stockton resigning as chairman and ceo. Just getting this across the tape now. Theyve been challenged. Its been all hasbro. Were going to hear from microsoft. Its been all gaming. These companies that are traditional nongaming Toy Companies not doing nearly as well as ea which has downgraded. Also earnings this week. But i think take two is having a very good quarter. A big game coming out, evolve that i think is going to take peoples breath away. I think its interesting that he is being replaced immediately. Obviously that is you dont have to read too far into these kinds of announcements typically to know that that was likely unexpected. Also declaring a First Quarter cash dividend. 38 cents. The plot thickens a bit. There are a lot of people who think that some of the companies that reported last week that were quite weak would have also taken this kind of action. But theres support in the boardroom. Thanks for your time dont let the door hit you on the way out, which is basically what they seem to be saying to this gentleman, as carl said. Christopher sinclair named the companys new ceo, interim ceo, at least. Effective immediately. Brian stockton stepping down. Interesting that theres nothing about his family in the release. Nothing about the need. No they just say thanks for your time thanks for your years of service to us and weve got to move now is the right time for new leadership to maximize its potential, the board believes. But this does go to a larger issue, which is the timeline the Typical Service of a ceo has shrunk over time. Boards are more active. And i use that word purposefully, of course, because if theyre not active somebody else is going to be. Its natural for an activist to come in say listen youve got to sell it. The government is no longer going to say if hasbro merges with mattel that thats antitrust. The Gaming Companies are really at the center. What represents gaming these days is the same way with so many other things in terms of the Digital World that we now live in. That you could have and other shareholders argue that office depot and staples should get together, even though years ago they were told not to. Again, because of socalled digital competitor. Did you see the estimates versus what they were reporting . No. 44 cents. Theyre reporting 52. That is one of the worst misses of this year. Thats a bad miss. Thats not good. Theyve lost control of the company for the moment. But maybe Chris Sinclair is going to put some discipline in there. For now, hes going to be starting from a lower base on the stock price. So at least hes going to be able to look at his interim tenure as they search for a successor. My advice take the 25 bid there and start that as the new regime. Start from there. Unbelievable. Yeah that 91cent estimate and 44 cent guide. Barbie . Hot price. Stock down from 48 not that long ago. End of twirtd2013. I think kids play on their ipad. I think thats the toy of choice. I think that everyones changed. I just dont think that people want to give these kinds of grandparents want their kids to be smarter. And theres somehow that if you give them br bee, that is just not doing it. Well come back to mattel, no doubt. In the meantime lets briefly cover the storm. Thousands of flights being cancelled and delayed as the northeast braces for a blizzard. Chris palone joins sjoins us from boston. Theyre using words like unprecedented and historic to describe this storm. Its shaping up to be a pretty nice if not frigid morning here in boston. The morning commute is well under way. Massachusetts Governor Charlie Baker is urging people to use the next six, seven eight hours to get ready for a storm that will not only bring potentially recordsetting snow, the record here in boston is about 27 1 2 inches. Theyre saying this storm could bring anywhere from 20 to 30 inches of snow. Thats bad enough. But this storm will also bring 60 to 70mileanhour winds along the coast. That could bring storm surges coastal flooding, people in places like plum island have started boarding up their homes much like they would for a hurricane because this really is going to approach Hurricane Force winds. The city of boston says its prepared 700 pieces of snow removal equipment. 35,000 tons of road salt. But at the peak of this storm sometime late tonight early tomorrow morning, this storm could bring two to four inches of snow an hour. Snow removal equipment just cannot keep up with that pace. So the governor has said be prepared for widespread Power Outages. He said make sure that you are prepared to stay in your home possibly for next two, three days. Depending on where the Power Outages are and how much snow actually falls here as the city of boston prepares for what theyre calling possibly a historic storm. Same for the city of new york, chris. Thank you so much. When we come back more upward momentum for apple after a strong week for the stock. The iphone maker said to have hit a new milestone. The journal today says apple pay is catching on. Well talk about that. Another awardwinning night for netflix at the sag awards. And the futures continue to trend upward at least for the moment. And by the way, the new greek Prime Minister has been sworn in. A lot more from post nine in just a minute. You just got a big bump in miles. So this is a great opportunity for an upgrade. Sound good . Great. Because youre not you youre a whole airline. And its not a ticket youre upgrading its your entire operations, from domestic to international. Which means you need help from a whole team of advisors. From workforce strategies to Tech Solutions and a thousand other things. So you call pwc. The right people to get the extraordinary done. Some big news for apple. According to the financial times, the company is expected to announce this week it has sold more iphones in china than in the United States for the first time. Meantime, the journal reporting that apple is making some inroads by persuading people to use apple pay. The paper says finance industry veterans believe the popularity of apples gadgets and a Big Marketing push from banks are adding to apple pays success. Stocks up 5 in five days jim. Its just what you dont want. Hyper comes out today and says theres 5 upside. When apple runs into the quarter, that has always been problematic. I tell you, i always say the same thing. Invest in apple dont trade it. But understand that you do better in apple when the expectations are far lower than they are now. Theyre very high. Im sure someones going to come in and downgrade it the next day saying listen weve seen the best of the six and now we have to deal with the watch and the watch isnt that great. Just be aware that the way that the stock is as soon as it goes higher, theres always someone itching, itching to get out of it. Some analyst wants to just say time to go. So just be careful. Does this speak to the potential strength of apple pay as a real business into the future, something that is going to become a great deal more ubiquitous and something well talk about as we talk about itunes now . Definitely. I think the visa wells fargo jp morgan trio and bank of america. Bank of america, visa wells fargo, jp morgan they love it. But you do have these large retailers such as walmart that will not do it. I think they get rolled. This is very different from the previous pay systems. And people really like it. I think the article was a very accurate article. My sources say look this is the way to go. Howard schultz has another system for starbucks, which obviously is going very, very well. But thats a situation where you dont want lines. This is happening and its happening whether you like it or not. Its really happening. The journal argues consumers seem to feel that its safer. Fingerprint. Anybody has fingerprints. Really does sound very good. I do not use it yet. I just got the six, so i have to load it up. Ive got to load it up, too. Anything that can cut down on credit card fraud, which is just out of control. It is. And i just got my balances again. I told you every monday morning, i check. I know but you think am ex ex and all of the card issuers i know they are spending a great deal of money on it, but not enough. You have to have your card replaced during the course of a year because of fraudulent activity. Ive had several cards that have had to be replaced. I also think that the whole system is very flawed. When youre overseas, youve got to let them know that thats you over there. Theres just a lot of changes that people really like this apple system. I think this is beginning to be one of those things thats going to end up being like records. Like the music industry. And i think walmart is very powerful. But you dont want to lose sales to the other guy if youre walmart. Meantime, another victorious night for netflix winning three Screen Actors Guild awards. Two went to orange is the new black. It took the prize for best female actor. Kevin spacey won for house of cards. Theres a stock, jim. Closed new years eve at 341. Almost up 100 bucks since then. Those numbers were fabulous. Really took people by surprise. The idea going into that quarter, and there were two analysts that got it very right. They went in thinking they could have 100 million subs seemed fanciful. Now it seems very realistic. And a lot of it if you read the Conference Call orange is the new black and house of cards. Orange is the new black its breathtaking in its humor, in its darkness in its fun. In europe they said that plays really well. Youve got programming that matters. Red. I love her. Some of these actresses are so amazing. Unbelievable. And content thats going to be very hard for any broadcaster to replicate. I know. Everyone sees caputo. Theres rumors that he went to my bar. I cant prove it. Im sure its true. Well count down to the opening bell after the braechblgeak. We cap off the single busiest week of earnings season. More squawk on the street from the nyc straight ahead. [epic music] introducing aleve pm. The pm pain reliever. That dares to work all the way until. [birds chirping] the am. New aleve pm. Its the first to combine a safe sleep aid plus the 12 hour strength of aleve. For pain relief that can last all the way until morning. New aleve pm, for a better am. Being a keen observer of the world has gotten you far but what if you could see more of what you wanted to know . With fidelitys new active trader pro investing platform, the information thats important to you is all in one place, so finding more insight is easier. Its your idea powered by active trader pro. Another way fidelity gives you a more powerful investing experience. Call our specialists today to get up and running. Its time for a mad dash on a monday. Yep, were there again. Got about seven and a half minutes to go before the opening bell. This has been a popular favorite. Its been just a dynamite stock. And of late, there have been rumors ever since micron said some not great things. People have been looking at these component players. This is disc drive. They say on their Conference Call pricing has been competitive, temporary issue. You know, david, that when you hear pricing is competitive, theres no way anyones going to view it as temporary. Theyre going to shoot first. There is large cash flow generation here. I would not bet against this company for too long. What about the, as you like to see, the cohort here. Obviously people are going to shoot that one. Dram is tightly controlled. Microprocessor for intel was very strong. People worried about qualcomm this week because of china. The group is choppy. Business is strong for them. Its case by case. Whats move on. What have we got next . Theres a little outfit called granger. They supply different odds and ends to different businesses. And they missed the quarter. In near term, remain cautious given the low inflationary environment in the u. S. Economic headwinds internationally. I brought this up. Growing pressure from weaker currencies in japan. In canada. Canada is now becoming a headwind. We talked about that at the open of the show. That move in the canadian dollar. Was it last week or the week prior. Has been dramatic. Dramatic. And the peso has been a little weaker. Our trading partners are also in turmoil. Canada is very big oil and gas. The moving parts for th