Begins right now. Good morning again, everybody. Welcome back to squawk box here on cnbc first in business worldwide. Im becky quick with brian sullivan. Joe and andrew are off today. General motors have announced new recalls with an ignition lock. The number is a relatively small 83,000 vehicles. But it comes after their record year of recalls in 2014. Elon musk and his wife are divorcing for a second time. They first married in 2010. They divorced in 2012 and remarried in 2013. And a total of 30 bodies have been recovered from the crash of the airasia flight last weekend. The year is starting off with a loss. Former political icon mario cuomo has died at the age of 82. Cuomo served as the empire states governor for three terms from 1983 to 1994. Some democrats did push him to run for president. He died just hours after his son andrew cuomo was sworn into his second term as new york governor. The averages closing out 2014 with gains and multiyear winning streaks. Ended with a gain of
Mobile devices for apple in taiwan. Quarter. Bad julie hyman has been looking at the quarter for blackberry. Wherelike a zombie movie you know what is going to happen but it continues you are still scared. We were talking about this this morning, that you know it is going to be bad but yet somehow you are surprised just how bad it is. Lets talk about the various metrics we are looking at. When you look at the loss from continuing operations, worse than analysts anticipated. A big drop in revenue of more than 50 . That is worse than what analysts have been anticipating. If you look at the revenue recognized from smartphones the Company Sells a certain number of smartphones in the quarter, but some of them, even though they are delivered in the quarter, maybe they were ordered before. If you look at the revenue realized from the actual sales that were recognized in the quarter, we are looking at 1. 9 million smartphones. 3. 7 million smartphones was the prior quarter. Makersher smartphon
190 plus countries where buyers are located. There is still no word on what the ticker will be or which exchange is getting the listing. The underwriters include swecre suisse, jpmorgan, deutsche bank, goldman sachs, Morgan Stanley and citigroup. As you heard at the top of the show, the Major Driving force behind the earnings for disney was the blockbuster hit frozen. Studio income quadrupled to 74 million. Bob iger says the company is increasing the presence of the characters at their theme park. Iger by the way will be appearing on squawk on the street later on this morning, 10 00 eastern time. Disney shares marching higher once again. Well speak with an analyst about those results and if disney is a good buy for your money in just a few moments. Are you a frozen family . Huge. Elsa, hans, kristoff. He likes the snowman. Olof. We should get a video of olof. We were at the pa, in february. It is amazing. If you ever went to epcot, the norway thing, they have all these characters there
Drive retail airlines out of business. Welcome to Market Makers. I am scarlet fu. Some breaking news. New home Sales Numbers are just coming out. Lets head out to mike mckee who is in our newsroom. What do you see . The expected in new home sales, they fell by 3. 2 . That was not different than what people thought. Is interesting that happened that january was about growth. It had been stronger than people thought going in. 455. T falls to the drop is a little less than it wouldve ordinarily been. Everybody is going to write that off to the weather. February, that a still stronger than what we saw last re wasnt a the weather problem. Rates may be more important than the weather. We may see a comeback. Tosumer confidence, we want follow this closely. If the weather had an effect, it might show up here. People get more concerned about confidencesumer rises more than expected. It is a big jump over the month. People think that things are going to get better. The Expectations Index increas
Is it finally here . We will take a look at the oculus rift. Were kicking off with what everyone is talking about. It looks like someone is not invited to the party. The Big Industrial nations essentially kick russia out of the g8. It is the g7. They wont be attending the g8 meeting in sochi. The group of seven industrialized nations, the u. S. , canada, france, germany and italy and japan and britain are all coming together. They came together in the netherlands. They said in a statement, they wont go to russias g8 gathering in sochi. Instead, they will throw a party of their own in brussels. They look so happy around the table. We are very much in favor of everybody in the world and keeping the dialogue open. There is no sense in discussing these issues in the g8 form. Thats why we are going to brussels. That weree dates planned for the original g8 session. A little History Lesson here. After the soviet union collapsed in 1991, russia eagerly sought to join the worlds top economies a