Clean debt limit increase. Under no circumstances . I told the president theres no way were going to pass one. The votes are not in the house and the president is risking default by not having a conversation with us. By moodys ceo says the chance of a u. S. Default is extremely unlikely. That reflects our thinking that it is extremely unlikely that the government treasury is not going to continue to pay on the treasury securities. Hopefully it is unlikely that we dont go past october 17th and fail to raise the debt ceiling, but even if that does happen, then we think the u. S. Treasury is still going to pay on its treasury securities, prioritize those payments. Still, the dollar is trading near an eight month low today amid debt default fears. Take a look at whats been happening. You can see that the dollar is down against the euro at 1. 3572. The dollar is at 96. 96. Well talk more about that with john harwood. First, andrew has a roundup of the mornings top stories. Andrew, welcome b
Of 2013, but im back now. In corporate news, boeing completing what it calls an uneventful test, a flight of the 787 dream liner. And opposition is growing to dells big buyout, that 24 billion buyout and a Carnival Cruise ship is floating in the gulf of mexico after an engine fire. Plus, digging out, the northeast hit hard by a weekend blizzard. Hundreds of thousands are still without power. Airlines are trying to restore service. And news out of the vatican about the pope. If you havent seen it, well bring you that, as well. Its monday, february 11th, 2013. Squawk box begins right now. Good morning. Im Andrew Ross Sorkin along with joe kernen. Becky is off. Breaking news, the vatican has Just Announced the pope will be resigning on february 28th. The blizzard brought as much as three feet of snow to some areas in the northeast. Here is the Massachusetts Governor. Were, woulding hard to make sure that the t is fully functional by the morning commute. Utilities seem to be making progres
It is jobs friday, the bulls are betting that this mornings employment report will add fuel to the markets report run. But theres always that risk that the numbers could rerail the rally. We want to talk about this. Plus, cash back. U. S. Companies are showing investors are love with the windfall of dividendes and Share Buybacks. Plus, stress tests. The major banks get a passing grade. I think 18 out of 19 from the Federal Reserve. Still, critics say questions about the health of the Financial System remain. Its friday, march 8th, 2013 and squawk box begins right now. Good morning, everybody. Welcome to squawk box here on cnbc. Im barack obama along with joe kernen and Andrew Ross Sorkin. Happy jobs friday, everybody. Double whamny today, not only is it friday, its also a jobs friday. The full forecast says 160,000 jobs were added last month. I cant believe the which is fer numbers arent higher than that. Ive looked at a lot of numbers that say its above 200,000. The Unemployment Rate
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