First plan. And so far, green arrows on oil and stocks and we have more positive economic signs and thats giving investors more confidence. Were covering it all. Varney company is about to begin. Countries and Government Agencies are bracing for another wave of Cyber Attacks after what happened on friday. Ashley, youve got details. Ashley i do, 200,000 computers at least, the theory, because this happened late friday, as more people come back to work and fire up their computer, if that bug is in there, that ransomware, that starts a whole new wave. So far thats not the case. The u. K. , National Health service was hit hard by the bug on friday and they are reporting they dont see any new waves of attacks today. What does it do . The ransomware basically locks the computer files and a message comes up, i was reading this, saying the files will be locked and eventually destroyed unless the user sends money, via bitcoin. The other part it spreads. Once you open it up on a network, it spreads to the entire network. Very damaging and crippling. 150 countries and microsoft, its a Microsoft Word Program is impacted here. They say if you have stalled the patch that we sent out last month or several weeks ago you wouldnt have had a problem with this. What were finding out, big companies, governments, even, you know how often, you see update your security word. This is an example of what happens when they dont do that. We have a security expert, chris, explain to us as well as you can, how this was able to spend so far so quickly and what kind of demands were they making . Yeah, so, weve seen worms before, but not recently. The latest, last big worm was in 2008 and it wasnt that destructive. Weve seen ransomware on the rise, but never seen the combination of the two, a worm for spreading the ransomware and thats why this has been unprecedented and so destructive because weve never seen ransomware hit hundreds of thousands of computers within a few days. Does it make it, to your point, the hospitals have been paying the ransoms and feels like a lot of this goes unreported. If it is reported we dont hear much in the media so it seems like one of the things that is encouraged because the guys who do it they dont ask for a lot of money. In this case they werent asking for a lot of money, but they had so many targets. Exactly. They asked for a small amount because they wanted it to be easier to pay and than to try to restore your computer, this case, around 300. In this case, this is one of the interesting things about it is theyre saying that the ransomware attackers were not prepared for so many people to get hit and so if youre trying to pay the money to get your computer files back, theyre just not responsive because theyre getting inundated with thousands of requests, so right now, you really cant pay and get your computer back online. Wow, of course, theyre asking for bitcoin. The response has been over the years, just the bad guys are always one step ahead. Can that ever change, that dynamic . Well, i think part of the reason theyre one step ahead is because they take advantage of when people dont do the basics with their computer. In this case, this patch from microsoft, the update was available for eight weeks and theyre taking advantage of the fact that a lot of organizations find it hard to patch, organizations like hospitals, find it very hard cause they cant just take sensitive equipment down at random sometimtimes. We have to change the way we manage our system and this would be a big wakeup call for that. And a lot of companies, too cheap to do it right, i think, too often and protect their customers. Chris, thanks a lot. Very informative, we appreciate it. Thank you. Move on to the Global Economy. China over the weekend gave more details than a trillion dollar plus plan to build roads, rails, asia, africa, europe. Fiscal times columnist liz peek joins us, this could be the mark of the changing of the guard. And could change china to the top economy. Am i being too worrisome . No, theyre tracing a pattern giving them enormous breadth in asia and africa. The only issue, its supposed to cost over a trillion dollars as you mentioned. China now has debt three times its gdp level, this is not a country that has an open checkbook. Theyre acting like it. 3 trillion in foreign reserves. Thats shrinking fast. And 3 trillion is better back stop than we have. No question their checkbook is better than ours. And we have to get the private sector involved and thats what the Trump Administration is going to do. The federal government is not going to have a 3 trillion Dollar Program here. But this issing is that china is incredibly focused on and at this for several years now, theyre convening a large global conference to talk about it, and theyre very much hoping that the north korea threat will keep the west from basically intervening here and trying to slow their progress. Is it ironic to you in any sort of way, as the west, america and a lot of europe are rejecting socalled globalism, communist china is embracing it . This is where they make the leap, tunnels around asia and theyre going to have to slow commerce, this is a new road that theyre rebuilding africa for many years now and putting in the infrastructure. Without a lot to show for it to be fair right now. Ashley the long game. I was just going to say, the worrisome thing to me, china versus the United States, ive had american Corporate Executives talking to Chinese People in an official capacity say whats your time frame . Theirs is a hundred years, ours is a week. Thats a little bit of an exaggeration, but Corporate America and our government does not look a hundred years down the road and china does. James, well get you in. Im sorry. First a quick look at the futures. Well start the week to the upside and the futures have gradually gained momentum. 30 minutes away. And nasdaq taking a break, which is not a big deal considering how big of a juggernaut thats been. Oil moving higher and last week was, thursday and friday, a good day for it. And now saudi arabia and russia are calling for a look at the opec Production Cut deal, thats a boost to the open. Were all over the retail ice age and lots of weak sales, but many big name retailers are reporting, target, home doo he poe, and a big gap. And the major averages lost double digits its double digits since the election. 75 of companies beat, only 18 of companies have missed. And james freeman, wall street journal editorial board, you think that things are looking up when it comes to the corporate profits. This is a great quarter. The expectations were high and the performance delivered higher. Roughly 13 1 2 earnings growth, charles, you have to be excited about it. The runups since the election. A combination of positive messages from washington moving toward growth economics and we hope to maybe get the tax cut maybe this year, but that combined with strong corporate earnings. Right, its because last year, we had gone through maybe a year and a half, two year period of earnings recession and people were getting nervous. I started to extrapolate the numbers and this could be the best quarter ever if earnings continue the way they are. The companies are flush with cash and allowed to bring money back and maybe theyll start to invest in this country as well. Weve seen that and companies are investing more, thats whats been missing, we need to see that. Were in the soft data versus hard data. Stocks are up and expectations are high and Consumer Confidence still good, but we are waiting for that growth breakout, the retail numbers last week, not quite what we were expecting, but, you know, a lot of positive signs here and we still have fairly loose Monetary Policy so i think, you wonder with all the stuff going on in the world, why stocks arent more volatile, i think thats part of the reason. Look, whathe way of hard data is earnings are up over 13 . The best quarter since 2011 and if that continues, basically the valuations look okay which is what everyone is focused on. I want everyone to check this out. Its the latest big idea from elon musk, hes using huge machines to tunnel under los angeles as part of a plan to eliminate traffic in the city. And looking for a name. Speaking of names, remember Merrick Garland, he was president obamas pick to fill Justice Scalia seat. And theres talk that President Trump may offer him comeys old job at the fbi. And derek jeter, yankees retired his number 7 and 2, around him with a plaque at the park. And he helped them win, and almost rained and then they remembered it was derek jeter. And more varney after this. Memories fade, but family is forever and ill be eternally grateful to be a part of the yankees family. At fidelity, trades are now just 4. 95. We cut the price of trades to give investors even more value. And at 4. 95, you can trade with a clear advantage. Fidelity, where smarter investors will always be. Brtry new Flonase Sensimists. Withallergy relieftage. Instead of allergy pills. It delivers a gentle mist experience to help block six key inflammatory substances. Most allergy pills only block one. New Flonase Sensimist changes everything. Quick check of shares of amazon, the ipo is 20 years ago today. Look at that, no one would have thought, no one. Republican senator says that President Trump should nominate Merrick Garland for fbi director and Senate Majority leader agrees. Judge, some heavy weights there. I cant imagine that Merrick Garland who has a lifetime appointment would want a job where he could be fired as a show boat. At the reason for firing james comey. Not only a lifetime job hes the chief job in the United States court of appeals for the district of columbia circuit. Translate, the most significant single judicial position in the country below the Supreme Court of the United States. Its hard to say that he would give that up. The flip side, what did he do before a federal judge . He was a very high ranking official in the Justice Department. What is his most significant prosecution . Everybody in this room and listening to us knows of it, tim mcveigh. He didnt try it, but supervised it from washington d. C. He knows the workings of the Justice Department and the fbi. Charles but mike lee and Mitch Mcconnell, it feels theyre coming at it from an angle, suitable to both sides and pass it would be hard for the public, the Mainstream Media and democrats or anyone to say this is a politicized nominee. It would be hard not to to agree with this nomination, no matter what side of the aisle youre on. I think youre probably right on that. The president cannot appoint a political person in light of what we just went through with jim comeys decisions on Hillary Clinton and the president s decision, whatever it was based on to fire director comey. This person that replaces him cannot be political. But i the little bit that i know about donald trump, i dont think this is the way to get your candidate through, it create a public ground swell for the candidate. I think youre the way to get the candidate through is to whisper in the president s ear. I have Great Respect for mike lee and i doubt that hes just shooting from the hip. Charles mike lee, pivotal in getting elk had health care through and maybe not horse trading, but theyre incredibly important, particularly mike lee with the conservatives in the senate. Louis freeh, one of the predecessors was a federal judge when appointed to run the fbi so theres precedent for leaving that rather lovely cushy life appointment. Charles one more for you, judge. Wells fargo may have 3. 5 million unauthorized customer accounts, far more than estimated. What do you say about that . The lawyers for wells far go he claim that this 3. 5 Million Dollar number was generated by a series of hypotheticals produced by plaintiffs lawyers and they dispute it. Lets say its true. It obviously makes the case a lot worse than we thought it was. Charles 1. 5 million, 3. 5 million accounts, the bottom line, if theyre taking customer information and opening up fake accounts, as a way to generate business or its an act of fraud on a monumental scale. The numbers are not that great. So this is not madoff, its not that kind of a loss, but the human beings involved without their knowledge or consent, its enormous and its going to cost wells fargo a lot more than just the job of the ceo. Charles right, well, the good news, i think, is that they finally began the clawback ocs because they were rewarding the people involved in in millions and millionsf dollars and they defended it to a degree for a long time. You know, you just, there are statutes against this and nobodys been prosecuted. Theyre putting everything in the hand of plaintiffs lawyers. Were there crimes committed . Of course, where is the government in this . Never happened. No one ever pays on wall street. See you later. The minew miss usa. Some are not satisfied with her conservative answer. She says health care is not a right. She wont call herself a feminist and the outrage ensues. Jack dorsey, defending President Trumps twitter habit. Youll hear what he has to say next. Predictable. The comfort in knowing where things are headed. Because as we live longer. And markets continue to rise and fall. Predictable is one thing you need in retirement to help protect what youve earned and ensure it lasts. Introducing brighthouse financial. A new company established by metlife to specialize in annuities life insurance. Talk to your advisor about a brighter financial future. Your insurance on time. Tap one little bumper, and up go your rates. What good is having insurance if you get punished for using it . News flash nobodys perfect. For drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. Switch and you could save 509 on auto insurance. Call for a free quote today. Liberty stands with you™ Liberty Mutual insurance. Hey, take a look at Oil Moving Higher after saudi arabia and russia calls for an extension to the Production Cut deal. This is a nice move. The huge resistance. If it breaks through there, we may be off to the races. The cofounder and ceo of twitter coming to President Trumps defense about using twitter. Roll tape. I believe its really important to hear directly from our leadership and i believe its really important to hold them accountable and i believe its really important to have these conversations out in the open rather than have them behind closed doors. Hes found a tool thats useful for him. Charles all right, liz peek. Do you agree . Look, is that good for twitter or what . The truth is, the biggest thing that happened for twitter over the past year, President Trump relies on it to get his messaging out. So they have increased subscribers because of that, but look, thats their big issue is subscriberbased growth in the audience, et cetera. Trump is great for twitter, is it great for the administration and the white house, not so clear. Charles and using the word conversation, im not sure youre having a conversation with the president per se, but in light of rumors they may not have the Daily Press Conference anymore, twitter might be the ultimate way of hearing from our president. Youre getting a lot of unfiltered thoughts, musings, opinions from the president. Charles i appreciate unfiltered. And its having the Technology Great for President Trump, not just for twitter. Hes using a fraction of the money to beat a professional politician last year. I dont think that happens without twitter. Even now, i know people have the sense theres this cringeworthy commentary on there and he needs to stop and its part of the message with him. Charles but from twitters point of view, stocks are bouncing off an alltime low. And you know, what do they have to do to find a way advertise as potus, and maybe put some ads there, you know. Thats really, thats the business question for twitter. Even after your technology was put at the center of u. S. Conversations, you still havent figured out. How to make money. Charles guys, one more last check of the futures because the opening bell is not far away. Were up 47 points on the dow, 3 points, 4 points on s p. Opening bell just moments away. Opening bell, just 15 seconds away. Its a new week. And were detailing earnings and a couple of tech names, too, including cisco and crm. Thats going to be interesting, but the focus today on oil stocks and Cyber Security names, they look big, up to be big in premarket trading and already we can see as we start to populate those boards, more green on the screen than red. The dow 30, youre looking at it right now. Cisco, thats the report this week. General electric lagging behind, a lot of em barments on that company the last week or so. And this after awed rabe and russia called for an extension for Production Cut deal and the u. S. Producers bringing the rigs online. But above 50 could be huge. You can see a positive response already by big energy names as we head to the open of the market today. Also, theres the Cyber Security story, the big story over the weekend. Those stocks are doing very well. Theres a global hack that began on friday, throughout the weekend. You