markets today. this is usually because it s a holiday shortened day a quiet day, but it s been anything but because of the situation in egypt, in portugal. we ve got our own economy we re keeping an eye on right now and we had some pretty good data on jobs out this morning. right now we re up 72 points on the dow, maria. yeah, and we ve got a leading business person coming on the program from egypt, cairo. here on the street, bill, we re also keeping an eye on what s happening on the streets in egypt, on the ground. the military deadline has now come and gone. look at these pictures. we ve got naguib sawiris coming on to talk to us about business and the impact on the economy from these pictures which once again show millions of people taking to the streets. we have a special guest coming on. he is the billionaire investor and telecom executive, the second richest person in egypt. his brother is number one. he joins us for a rare and important interview in just a few moment
andrew? thank you, becky. that s a heck of a show. it is. got a lot of big names, so this should be fun. let s talk about the headlines this morning. cyprus is working on capital control measures today to prevent a run on the banks. banks there, they are due to reopen tomorrow. cypriots, though, have taken to the streets to protest the bailout deal with international lenders, and our own michelle caruso-cabrera remains in cyprus today. she ll join us with a live report in just a couple minutes. in u.s. corporate news, pay attention to boeing. boeing could face a new challenge as it tries to get the dreamliner back in the air. experts now say that the faa may shorten the permitted flying time of the aircraft on certain routes when it approves a revamped battery system. here s the problem, this could be a blow to boeing and its customers because the dreamliner was designed as a fuel-saving jet aimed at lowering costs on long-distance transocean journeys. of course, if
otherworldly things. but there are some things i ve never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don t seem so.far away. we ve tallied the results of our debate. for the first time in halftime history it was a tie. so that means that both of you guys make good arguments which is what we re after anyway. final trade time. ennis, you re up. i mentioned fapharmaceutical names earlier. it s abbott labs to me is one of the cheaper names. pete? ennis is right but go with blackstone. it s going higher. doc? state street. murph? ingersoll rand. follow me on twitter. have a great rest of the day. power starts right now 37. thank you. we start with breaking news all over the financial world. the markets are up big across the board and, in fact, we re closing back in on the all-time
good good morning. today s top story cyprus on the brink. the country s bailout now in question and it s turning to russia perhaps for help. in the u.s., the fed is in focus. the central bank is set to finish a two-day meeting. it s wednesday, march 20th. i think it s 7:00 a.m. it becomes springtime. it s 2013. squawk box begins right now. good morning. welcome to squawk box here on cnbc. i m andrew ross sorkin along with joe kernen. becky is off today. she will be back tomorrow. our guest host this hour, david kelly from jpmorgan funds and constance hunter. before we get to them, let s get you caught up on this morning s headlines and we have a lot of them. the big one. fmoc will gather in washington for a second day today. the fed widely expected to maintain its pledge to keep borrowing costs at a record low. the two-day meeting will be concluded with a policy statement updated economic forecast and we ll get a news conference by chairman bernanke. stay tuned to c
you like aon. it s one of the larger positions. only 20% comes from the u.s. of the revenue is that what you said? 20% of the companies that we hold. 20% are domiciled in the u.s. and 50% come from overseas and a lot of the things we re finding lately have been a special situation. we were long renault and short nissan because we were able to create the stub at a negative $5 billion euro valuation with the company that has great balance sheet and cash flowing positive and we re long vodafone and short verizon because vodafone owns 45% of verizon wireless and verizon owns 55%. we were creating the stub at a pretty inexpensive price. anything else that you like? you don t like the consumer. we re cautious. we re scared of how the government keeps putting money in people s market. the government trumped 2.4 million jobs and they didn t talk about the 1.9 million people on food stamps and snap program. so we re just very, very cautious. you re a new york, l.a. calif