Guys, thanks. Gentlemen, thank you. Thank you. Good to be here. Good to see you both. Becky, thank you. Make sure you join us tomorrow. Squawk on the street starts right now. Good tuesday morning. Welcome to squawk on the street. Im Carl Quintanilla with melissa lee, jim cramer and david faber here at the new york stock exchange. Retail sales out about 30 minutes ago, up half a percent in december. Europe also fighting off the blues this morning, as germany has some lower than expected estimates, Fourth Quarter gdp. Our road map begins with a warning this morning from fitch. That the u. S. Could lose its top Credit Rating again if theres a delay in raising the debt ceiling. Fitch said the pressure on the aaa is, if anything, increasing. We are four hours away from facebooks secret announcement in menlo park. So far, the guesses range from a facebook Search Engine to a facebook phone. Would either product help lift the stock back with a high water mark. The debate kicks off whether dell
And let me tell you the thing about this is its the first time that the public is getting to see the documents thats involved in this labor dispute. They both presented their case before the 3 members of the board of inquiry. What came about today was how far apart they are. The union wants a 3 Year Contract and says that puts the gap closer to 52 to 64 million apart. About 20 people got up to speak. Many urged the parties to avoid the strike that would avoid the impact on the commuters. There is a big gap between them, big gap can be closed. Thats what we hoped would happen. But there is clear live a wide division of positions. Reporter the governor could ask the court to ask for a 60 day cooling off period. Theyre prepared to strike at 12 01 sunday. Reporting live in oakland. Transit riders say they are relieved the agency reached a deal to keep the buss running. It came at about 11 00 oclock last night. It calls for a 9 1 2 raise over 3 years. Union members still need to ratify the
Budget deal before automatic spending cuts kick in. Im in sacramento. Driving while under the influence of drugs becoming as much of a problem as drunk driving in california. New effort to [ wind howling ] [ female announcer ] it balances you. [ water crashing ]. It fills you with energy. And it gives you what you are looking for to live a more natural life. In a convenient two bar pack. This is nature valley. Delicious granola bars made with the best ingredients in nate. Nature valley. Nature at its most delicious. You. Unusual day here in the bay area. Snowplow put to work along sky line boulevard in the Santa Cruz Mountains. Lots of rain around the bay today contributed to Car Accidents like this one. Pickup truck overturned in santa rosa. One woman suffered minor injuries. Hail fell along grizzly peak boulevard in the Berkeley Hill hills. 11yearold boy sent thus picture. Late day the sun broke through turning the skies in a brill ypt scene. Heres the live look now from the camera o
Passengers returning from vacation. They were in the resort on the part of the peninsula. 17 children on board that flight also just into us here at cnn. The black boxes have been retrieved according to egypts Civil Aviation minister in cairo. Lets go straight to Cnn Senior International correspondent Nic Robertson in russia. Ian lee is on the ground there in cairo. To you first, youve covered this area to this point about the developments of this early stage of the investigation. A lot of information to go over with you. We do know that the search area has the diameter of 5 miles. When you look at these pictures that are coming in from the Egyptian Government. What show is the terrain earlier today, we were told by the government that it was a mountainous terrain and as we can see there, there werent many mountains in the nearby facility. Trying to go through and pick about what happened and get those bodies. Were hearing from the Prime Minister that 129 bodies have been recovered so
Ahead of a referendum planned for many will look out why lawmakers are pushing for a vote on this divisive issue now. Also coming up the faith healer whos got the attention of german officials he claims to be able to heal insurable diseases but critics say that promise comes with a profit well look at the evangelist trying to gain a following in ukraine and germany. And the temper of proof bottles that can be opened by hand the World Antidoping Agency is looking into a possible Security Breach that could compromise thousands of drug tests just weeks before the Winter Olympics. You. See me so much going to thank you for joining us kenyas Opposition Leader has taken a symbolic president ial oath of office in amman. Ceremony in nairobi thousands of ecstatic supporters were on hand at the swearing in of them push kenyas attorney generals called an act of treason to have boycotted a rerun of the countrys president ial vote last october calling it a sham as people assembled the Government Cu