For everyone except those earning 400,000 and above. Thats above the 250,000 threshold that the president has been demanding for months, but it is still far from speaker John Boehners request of 1 million. A source familiar with the talk says this is by no means the final offer for the white house. The move by the president was welcomed, albeit with some reservations. We will talk about the latest developments in just a few minutes. In the meantime, the Global Markets seem to be taking note of the optimism. You can see right now that those dow futures are up by 54 points. This comes after a decent rally for the markets yesterday. S p futures at this point are up by better than seven points and the nasdaq futures up, as well, by about 17. European shares rising. Germany is up, the ftse is up, the france, the cac in france has turned slightly down. But, again, this is a marginal loss of about three points. Most of the major asian stock markets were higher overnight. And among the catalys
Make it to the house and what the next step is. Coming at 6 40 eastern time, red hat has been red hot. That company reporting Quarterly Results and we have the ceo. At 7 00 a. M. Eastern time, we will welcome our guest host, roger altman and barry knapp. We have Thorsten Heins joining us, as well. Our big story of the morning, it could be a tense days for the markets as the resolution to the physical cliff appears less likely. We can see the futures opening at least 150 off if things keep up the way they are. House Speaker John Boehner failing to mount enough support for his plan b that would raise taxes only on families earning more than 1 million. The president vowing he will press ahead with congress to get a deal done. He wasnt going to do it, anyway. What does he mean it will press ahead . I dont know. Because it wasnt going to go to the senate. But to me, the demonstration that boehner didnt have the support you thought boehner never had the support for this plan . No. Im saying
Good morning. The days top stories, the battle of the bull as is s p comes off its first weekly loss of the year. On the global front, european markets are trading nervously amid election uncertainty in italy. And in hollywood, argo stormed to a best picture victory at the oscar hes. Its monday, february 25th, 2013 and squawk box begins right now. I thank everyone on the movie, worked on the movie, did anything on this movie gets thanked. I want to thank canada, our friends in iran living in terrible circumstances right now. I want to thank my wife who i dont normally associate with iran, but i want to thank you. Good morning, everybody. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Were watching the u. S. Equity futures at this hour and right now it looks like there are some green arrows. You can see dow futures up by about 50 points in fair value. S p up by just about 7. Joe mentioned the oscars. He was very excited about this. If yo