Conciliatory zone in the e. U. Meeting this week. Got good news in travel as well. Oils in the red. United airlines raising its fuel cost projections this morning. Well talk more about that. And the tenyear yield, a twoyear handle since january 8th. Oil lower as the iea offers a mixed outlook on the future. Shares of cocacola higher in the market after the company has expectations but is calling 2015 a transition year. Well tell what you that means. Cvs Health Higher than trade. And ceo said it was the right decision to stop selling tobacco products. First up futures rising in hopes for a greek debt agreement. A proposal for a sixmonth debt extension for greece as euro leaders get ready for the meeting tomorrow. Crudes down after the iae said there may be pressure. The greek meeting very interesting, jim. Remember i think were going to get a resolution which is a big stretchout. That is what weve seen period click with like the railroad that got in trouble in 1800. Weve seen stretchouts where you kind of reconfigure. Thats been from time in memoriam. Thats the way you get around this which makes it so youre still made whole. But you get an easier time. Okay . So thats kind of what i offer offer, by the way, by the russia. Lets make ukraine lets take a Eastern Ukraine buffer no nato. Im more for compromise. Yeah. Listen, the people i spoke to this morning who invest for a living thought it would be constructive to have that. Thats a good strategy. One of the things that happens when europe is not in our face and you could say china, the numbers, but when theyre not in our face we default to america. And you have a plate of earnings today where im trying to pick a single one that i dont like. Suddenly, you look at this. Like whats been happening in this period once again, brian said something really good briefly, since the greece thing started the markets up 75 . But when you take a step back from greece. You dont look at the futures, you look at cvs is and you say, maybe they again guide exactly perfect. Starwood hot, finally doing that Vacation Rental spinoff that were looking for. Aeropostale i thought aeropostale was dead. Yeah. Im just saying look at urban. It just changes the discussion. So all of those who are going to write in and say, all right, redo the terms on greece. Extend it for 10 volume 5, you dont have a problem with that . No i dont, because in the end, you know i think that you just dont want greece could be over it gets overblown, because its the one thats in trouble. But its a small country. 8 million. Yeah. Its funny, germany by the way, ultimately, its the definition but germany has been a big beneficiary of this, with the euro down the whole controversy. And germany keeps Getting Better and better. So i understand how hard it is for these countries they keep winning. Its pushing out. I know lets 60 can. But, boy, kick the can worked in america. Turned out to be a pretty good gig. Yeah, so far. There are going to be the naysayers who may be here 15 years from now saying the same thing. Youll be 75 years old. No, no, 73. All right. Hey, listen you starting to shave it down. My nephew he said i said i was actually 50 he said well youre 63 uncle jumbo. I said i cant say im 63. He said so much better to be a young looking 63 than an old looking 50. But i am catching up to that initial date. Yes, you are. Do i bump it to 70 . Listen 70 is the new 50 . You can still bench a multiple of 60. My father was working out at the gym until he was 89. Then he was doing strength workouts not stretch. As do you. On the broader markets, i know mr. Quintella had had something to offer but the tenyear is back to 2 . I mean it was just last week where, you know people were wondering is there a low, is there a bound . We were talking about negative yields in europe. But this is still so many negative yields but here we are right around 2 . I think this is good. Rates should go higher in banks over this. I like the funds that are not flight to safety. The flight to safety you have to remember in the greatest part of the great recession, holy cow, youre calling jpmorgan jpmorgan, not because of cyber. Hacking. I like the fact that ray was hired. 6 billion last week. Microsoft is working on 11 billion. What are they doing with that money . I was watching microsoft yesterday. Its been horrendous. Im saying whats the deep end . They have a lot more buy in their buyback . What do you think is the genesis of that . Thats part of it. I dont know. Obviously Companies Like that can borrow almost free money. If you dont think youre going to get a big repatriation holiday. They do have money in the states as well. We always talk about that. Obviously, much of is overseas for microsoft and apple. We talked about it for years, the basic mechanism of retiring your dividendpaying stock actually given how little interest youre paying and the fact that Interest Payments are tax deductible can actually make it work in your favor. I dont understand box the way the tax code works, it is such a win. At the same time i wonder whether, you say, listen its back to 47 and then to 41 maybe this is an opportunity. Ceos come on mad money and theyll say, yes. Like at clb. This is a stock that came in totally disappointing. Just a horrible number. Stock was at 88. And david denture said are you going to buy stock for the company . He goes this is like ten days ago. He said were going to be in there hand over fist. The stocks at 110. I think back to when buffett was asked whats the best investment i can possibly make . He said, get a 30year mortgage. This is sort of the corporate analogy of that . Youre so right. By the way, i wish people didnt have to put so much down. Im just saying you need to put a big deposit. And fico scores so high i know it feels like Mortgage Rates. Theres the Mortgage Rates for people doing really well. And then theres the other Mortgage Rate thats just out there. And thats been the key. The problem some would argue in the housing market, although frankly having stringent standards is something we want because we know it happened when those were completely abandoned and that was the result of a vast security market. Punishment of the euro is were not going down. Weve been talking low rates. By the way, it wasnt that many years ago that we were talking about Balance Sheet repair for so many corporations. I know. And they worry about these maturity cliffs that they were facing. And would they be able to refinance. Its not so many years ago pand here we are with so many healthy Balance Sheets. You never see spot secondary in order to improve a Balance Sheet. If i were freeport id do a spot Balance Sheet. Some of this euro companies would probably do well with a spot secondary. They cant raise the debt market. Yeah. Its equity. Speaking of companies with big Balance Sheets coke today posting Fourth Quarter results that did exceed estimates. Global case volume up 1 sarah eisen spoke with the cfo. She joins us on the floor with more. Reporter hey, carl there werent Great Expectations going into the quarter for coke it did manage to beat slightly on the the bottom line. On the top line hence, the stock reaction pretty positive. Did talk to the cfo, kathy waller she said there are nearterm factors working in cokes favor. Number one, the low gas savings at the pump because of those cheap oil prices are helping the business. She said it seems like it helped them in the Fourth Quarter. And they should continue to help more money in americans pockets going into this year. The other thing thats helping is pricing. In other words, yes, americans are drinking less soda but they are paying more it. Specifically, she said good pricing realization in u. S. And in europe. But when it comes to the warning on 2015, she continued to say, if this is going to be a year of transition. Her words, also weve heard that from ceo mutar kent that means theyre in the middle of this plan cutting savings, and layoffs continuing. And the macro environment. Carl talked about the strength of the dollar and how that will hurt about the strength of the profits in 2015. Great wrapup, sarah. The 4x picture is a little worse than two months ago. Well look theyre feeling the heat. I think that was this big battleship. I kind of liked what i saw. I like the fact that theyre no longer saying theyre the best. I see yelp raise, with the quarter with the conference call, they were saying were the best the best the best. What people dont hate is when you say youre the best. They love that coal coalcacola said were not there yet. And under the thompson regime its hey, listen were pretty good, dont worry about it. You see these activists comes after people who do great. I think you have to explain, yeah, were not doing that well but were going to turn it. And thats what i saw there. When we hear pepsico, theyre going to do a good job. A bigger ding to buffetts portfolio, ibm or coke . You know, the ibm people have a big meeting coming up in february. They can redeem themselves if theyre able to say 27 of the good part of the growth if they flip that and say, listen thats going to be 54 by the end of two years, otherwise, yeah, its going to be a bad ding. Coke has made buffett a fortune. Recently, no. By recently but jim stewart came on and he said something, he just said listen this is like the bump. Its not part of the preaching. If we had monty montgomery, if we had the guys from whole foods on right now. If we had had the guys from chipotle on what they would say, listen is this a dying thing. Its part of the food chain. But at the same time, people still drink it. If youre mr. Buffett and you own the stock, youre talking about a stock that is 40 in 1998. Thats not so high im glad you point that out, thats not so high. If you bought more in 09, you did well. I dont that you did. Dumping dividends, no doubt. But you are talking about a stock from 95 to 98 went straight up. No. Its basically none nothing since 98 well its done a lot but if you just held it no you stand right. Just the dividend thats not good. When we come back evidence of a pretty good Holiday Season for a lot of retailers. Well filling you. Also a lot of buzz surrounding the Sports Illustrated swimsuit issue. Hanna davis, the model is going to join us live. The dow going for three down days hasnt done that in a month. But if the month ended today, it would be the best one in a year. General motors harry wilson who helped restructure gm as part of the governments Auto Industry task force is now seeking a spot on the board of directors of the company. The gm saying its received a notice from wilson indicating he would nominate himself as a candidate for the board at its 2015 meeting. Gm says wilson is acting with the backing of kyle bassett eamon, hg aurora. And welterconnicks. Those shareholders represent 1. 2 . Shares looking up here. Wilsons kind of become a board member for hire, if you will. Lobe has used him for a while when he was on yahoo . On the sothebys board. Again a loeb action there. Wilson ran for Public Office in the state of new york. He is known as a restructuring guy. My friend carl bassett has made no secret of the fact that he wants to see gm use much of its cash for a buyback, as much as 8 trillion in the near term. I will Say Something is interesting as a quick background on this. Wilson apparently approached the company on february 3rd. And said i want to talk to you. They said okay lets talk. He wouldnt tell them who is in his group. In other words he indicated he might have an interest being on the board but they didnt know who he represented until 11 57 last night when he told them. Why did he do that . Im not sure. He has one of these what were calling a golden leash, is what the bankers are calling it. Hes going to get a fee. A percentage of the groups profit from their investment in gm. From the time i believe of his nomination. I think thats correct, but i want to read the filing. Like the malkovich deal . Yeah. Paid by the company. Paid by them out of their profits. Some criticize that in a broad sense saying he should be representing all shareholders. But the fact is all shareholders will benefit if the stock goes up. 2. 1 , total. 2. 1 . Well look its a democracy, right . They want to put him up, but they dont have to take him. Mary barra is pretty perceptive in the times. I think mary barra was at the time a bad hand. She investigated everybody and tried to figure out who was behind the ignition key. In the meantime she has the right portfolio, done remarkably well, and she cant catch a break. Gas prices are going to give a lift to some of the higher profit cars. Thats true. But i think her product lineup was refreshed even before gasoline. Well is she doing better or worse than mark fields well mark cant you know alan was there before. But i just think that there say lot of cash there. That was a very nice dividend. A lot of cash they did increase the dividend by 20 . The quarterly dividend. Its now 36 cents a share. Theyre talking about that saying we are returning money, the shareholders for that. Disappointed they didnt have a dividend boost earlier. A dividend boost, more than ford. People are unhappy, they want more. Thats fine. I like the feet to the fire hence, cocacola. This wouldnt surprise me its finally going right. These fee arrangements i dont like them. I dont like them. I dont like it when theres sort of a success fee for directors. Right. And thats not what nelson peltz has done. Elliott had it but they got rid of it. Id like to be on the same page as the common. You can say thats true but i like to be a fiduciary. Greece up for the first day in four as the markets are doing better with that. Still to come, back in a second. [announcer ] what if one stalk of broccoli could protect you from cancer . What if one push up could prevent Heart Disease . [man grunts] one wishful thinking, right . But there is one step you can take to help prevent another serious disease pneumococcal pneumonia. One dose of the prevnar 13® vaccine can help protect you. From pneumococcal pneumonia, an illness that can cause coughing, chest pain difficulty breathing and may even put you in the hospital. 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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. All right. Back here on tuesday. What do we got, six minutes before the opening bell. Qualcomm yesterday, on the mad dash. Today, we get the settlement. 175 million fine. Were you . I kept thinking fi ging fiat saved 2 billion. They had a problem, they lost a customer but this had been a major overhang. Thats a slap on the wrist because they have so much cash. And they have an enormous amount of business in china. Its not just the 975 million theresal Licensing Agreements that are going to make it easier for Chinese Companies and presumably hurt their market, is that true . The margins should not be as good. People see this im not recommending it. I think skyworks is better. Corgo is better. I think there are a lot of other semis. But this has always been a growth town favorite. Right. Now, heres a growth hound favorite that is becoming an unfavorite. Starworth, a lot of people thought when are they going to adopt a model, spinoff vacations or marriott line . Okay. Well, they have. And this is what happens when you do what the angry shareholders want. And this stock is not done going higher. He seemed to be like giving special dividends. He thought that was enough. Just hectoring, hectoring, hectoring. You do this he responds and he gets rewarded. I think this is a better story. You do . Yeah. Marriott, hes taking it from there, thats a good playbook. And windham, by the way has been great. Steve holmes has been a remarkable ceo. Welcome back. This is a good thing. Weve got a lot more to watch. Of course the opening bell right after this on squawk on the street. On the street. Live from the Financial Capital of the world on this tuesday. The opening bell in just about 60 seconds. A lot going on headlines out of greece making it sound like theyre backtracking a little bit. The credit tours saying this thing may work out. Athens having a very good day. And what happens if there is move in ukraine. I know they all say lastditch lastditch. What happens . I know the answer is that you capture a rally that will capture a lot of people by surprise. Were dealing with that idea that, yeah strong growth is bad in our country. The hangover from the idea that bad strong growth means high rate hikes. No. Opening bell about 20 seconds early. Thats okay. Well get a look at the s p on the top of your screen. Down here at the big board, atf provider and adviser shares. And at the nasdaq mts systems a supplier of test systems and Position Sensors celebrating its 35th listing anniversary. Wow, thats a long bell. They got to make it probably until yeah. So much retail news jim, that we have not gotten to gap holding, aeropostale. Home depot hiring 80,000 employees. For their black friday. Their third Holiday Season is the spring. Shoutout to frank blake who was just the greatest in tellers of knowing what gardeners wanted. A great ceo. What do you make of all of this gap, everybody raising their holiday forecasts . I think it was goo