A few days ago it was the nasdaq at 7,000 overnight in asia, the nikkei, if you think these numbers have been good here, up by more than 3 . It had been closed for a bank holiday over the last two days so it had some catching up to do right now you can see the hang seng closed up by a half percentage point as did the shanghai if you look at whats been the early trade in some of those european markets that we watch closely, up across the board gains of almost a percent for the dax in germany and the cac in france. Ftse hanging in there. Still in the green with italy and spain, each up by 1 and look at crude oil prices yesterday a rally in crude oil, up by 2. 1 this morning additional gains of 11cents. 61. 74 a barrel for wti big corporate stories of the morning. Tesla is still struggling with production the carmaker releasing Fourth Quarter delivery numbers that fell short of expectations again, pushing back production targets for the model 3. Tesla delivered 1550 units of the highly anticipated sedan that misses estimates of 2500. The initial goal was 5,000 a week they are addressing bottlenecks for the model 3. Elan musk talked about the s curve. Are people still dying to get these things in. Theres a long, long waiting list still a waiting list. People are not, i dont think it has nothing to do with people not wanting them. No, this is physically can you make enough of them. But these are complicated vehicles i know. I would base a lot of my decision on what to do if i owned the stock on that. You ever try to get into a hot nightclub . It may be empty inside, but outside theres a big line or at a restaurant no, no you finally get in, theres 12 people the question is is this something where they can continue to have the lines, do they eventually say were moving on to the next fad do the other Production Companies catch up and have cars that are cool and can have the same attachments, can you maintain that . Tough to get as cool as a tesla. If you walk into a tesla store and they tell you the wait list or the wait is now two years or a year maybe you dont you say, maybe i wont. I thought it was a year, i keep reading stories that maybe i wont get my car for two years having said that, theres no shortage of cash until they need to raise more money. Thats part of their thing i think its going well with amber hurd again are you on instagram . Im not are you joking . No. No you need to watch the reality show that is elon musk its on instagram. Im not on instagram. Its in my universe. You still have the baby. I do. Not everything bubbles up its gone to, yeah, theyre just seeing each other to lunch, its definitely a rekindled romance. Then there was more to this. Theyre on vacation does that affect the stock . I have to be up to date for him. You should know there are Hedge Fund Managers sorry, fund to funds, when they allocate money to Hedge Fund Managers who care whether the Hedge Fund Manager is married, divorced, dating, whether thats making performance issues. I dont flow about performance issues on their stock. Oh. Oh okay yea yeah now we will move on to the headlines. Nintendo shares are on the move following news that pokemon go plans to launch in china check out shares of nintendo the sorkin family just got a nintendo switch. You have to get the geek squad over to put ours together. That stock up about 5 . The plan is not without hurdles. Pokemon go uses data supplied by google, the company that has most of its services blocked in china. Games in china typically need to be registered with the government there will be a pair of economic reports later on the agenda. The december adp report will be out at 8 15 eastern time forecasts calling for an increase of 195,000 in private sector payrolls. At 8 30 a. M. , look for weekly jobless claims our top story from washington, fallout from a bombshell book that claims to give a rare glimpse inside the trump white house. Eamon javers has more on this. This did make my radar this was a dramatic day in washington yesterday as have so many been. This is open political civil war between the president of the United States and his former chief strategist, steve bannon, who left the white house earlier in 2017. Steve bannon quoted in a new book by Michael Wolff as saying the meeting that donald trump jr. Took, the president s son, with russians in trump tower was unpatriotic and treasonous. Sarah Huckabee Sanders was asked about that yesterday in the White House Press briefing did the president s son commit treason she was asked. Heres what she said i think thats a ridiculous accusation, one that im sure we addressed many times from here before if thats in reference to comments made by mr. Bannon, i would refer you back to the ones he made previously on 60 minutes where he called collusion with russia with this president a total farce. The president himself issued a blistering statement the likes of which we have never seen from a president to a former aide heres what he said about steve bannon saying steve bannon has nothing to do with me or my presidency when he was fired he not only lost his job, he lost his mind steve was a staffer who worked for me after i had already won the nomination by defeating 17 candidates often described as the most talented field ever assembled in the Republican Party the president here clearly recentful of ster resentful of Steve Bannons comments late last night one of the president s lawyers sent a cease and desist letter to steve bannon suggesting he may have violated an agreement he signed with the administration. But the questionis is there lasting political damage sarah Huckabee Sanders said she doesnt think the trump base will fracture over this, and she thinks thil stay wieyll stay w president. Bannon says in the book he believes any way that the president took a meeting with the attendees of that russian meeting after the official russian meeting broke up with don jr. Back in 2016 during the campaign bannon wasnt at the trump tower meeting, wasnt involved in the campaign until after that, but what does he know and who was he talking to those are political questions also do you try to follow steve bannon on twitter . Is this his account . I believe theres a phony steve bannon account out there 52,000 followers follow the account. Welcome to social media you think its funny. I do. This is taken out of context. I could even i believe steve bannon confirmed the quotes yesterday which quote that these were his quotes yesterday. Okay. So for steve bannon to say things like this, to intentionally by saying these things, i dont know how he would expect to do anything other than provoke the president. When you go after the family. This is not a policy dispute or going after the senator this is going after the president s son and namesake, it couldnt be more personal. Bannon clearly knew that when he made the comments. Hes not a dumb buy. The question on everyones mind is why did steve bannon do this . What is his game here . Does he think the president is political history at this point and hes positioning himself for a posttrump future . Does he have a personal axe to grind with the president eamon, he was on a radio show last night, a sirius xm radio show, where he diverted attention from this and said this is a great man. But to see these things, if he said these things i didnt hear that radio interview. What did he say about don jr. . He didnt he skirted this issue apparently what did he say about ivanka and thats what i mean. He didnt talk about any of that heres the one thing, eamon. I dont know about Michael Wolff. I know now i know some of that stuff doesnt ring true because i talked to trump believe it or not before he won the nomination he indicated to me he was serious and wanted to do this because he thought he could do great things trump told you that yeah, he did. Maybe he was lying to me this was august of 2015. So he was this is even before any of the debates or any of that stuff all i will tell you, if Seymour Hirsch writes a book, the democrats say every word is assumed to be false. Anything about bill and hillary, thats not true. Bill did not throw the book in the trash can. This didnt happen that didnt happen its possible to for one side or the other to say this is all made up. Joe, you and i have talked about this offline when we see reports like this. I think you have to have a trustworthy and verified report to all of this and see what we can verify with our own reporting and our own sourcing this is Michael Wolff on his own producing this book. Other people will have to go through and try to verify if some of this is true where theres smoke and fire, thats what you always say at least you can say the stuff bannon said is stuff bannon said in the book. Journalism is the first rough draft of history this may be a rough first draft. Thats what i wanted to dauk about. I wanted to get to the gary cohen piece. It was fascinated that it was included in the book, this quote specifically from an email which gary cohn seems to have suggested he didnt write but suggested his views of the president at the time is worse than you may think, saying hes an idiot surrounded by clowns. How will that play or work inside the white house gary cohn is somebody the president needed he needed him in the latter part of 2017. Cohn wrestled publicly with the president s comments after charlottesville, he debated whether or not to leave. He said ultimately he would stay he said publicly the reason he would stay is for tax reform now the big question is tax reform has passed. Theres a political win there. Whats gary cohns reason for staying inside the white house now if those are his personal views . Its not clear they are. But if those are his personal views, does he have anything he wants to accomplish inside the white house . Or will he leave theres been speculation he would leave but he has not signaled publicly one way or the other. People im talking to are not sure whether he will stay or go. Given the indication in the book, is the view inside the white house that he didnt say those things he said he didnt say those things, so therefore he didnt or we view this with suspicion and he may have said some of those things in this white house, loyalty is paramount a lot of people are under suspicion of being disloyal at certain times, a lot to of people are leaking and talking to the press i can tell you they now banned personal cell phones inside the white house. Thats due to suspicions about m malware being brought into the white house and to keep people from texting on their personal phones and getting things into the outside world that the white house cant see. So there is dsuspicion about wh is loyal and who is disloyal and the president focuses on that. This book will drive them into fits figuring out whats true and not true thats what stuck with me even comments from jared and ivanka they could say we decided this whole thing is lies so everyone will say anything written about me in that book was lying. You saw sara Huckabee Sanders say it was a pack of lies in the briefing room. My quick final question, relates to the nondisclosure agreement which the president cited in the letter to bannon, saying he has broken this nondisclosure agreement. That was an agreement made during the campaign with the trump organization, not with the white house. How does that work thats a good question. This broke late last night i would like to talk to lawyers before i give the answer to that i think there will be some questions here about whether or not that is an enforceable nondisclosure agreement. I dont think weve seen previous white houses have that. As a former white house official, you are required by law to keep classified information private. Whether or not you can talk about political conversations or your impression of the president himself, that has never been blocked in the past. Well have to see whether this is legally enforceable or not. It may be a shot across the bow. Politically, if you sue bannon under the nondisclosure agreement, you get into a back and forth legally with steve bannon what kind of discovery does steve bannon get as a result of that is that a process the president wants to go through . Eamon, thank you. What is the weather like this morning . Very snowy. I had trouble getting the car out of the driveway. How about you guys in. Very snowy. I dont think you need a lawyer you think you need to talk to a lawyer at this point im thinking i need to talk to lawyers as experts, not for my own personal defense. You do push the envelope a little i dont think you need its up to you. If you think you need to retain as long as no one finds out the stuff ive done, im safe. Dont even joke about that nowadays right stay warm ill be getting a lawyer the snow is falling on the east coast with a big plunge in temperatures expected to follow. We have our weather team ready to go. Contessa brewer is in boston, and Angie Lassman starts us off with the forecast. Good morning good morning. We continued to watch this system right now you can see how many people its affecting. Were talking 35 million dealing with the winter storm advisories as we peek at those blizzard warnings, thats really what the problem is going to be here as we move through the next day or so you can see where that bright purple is, up and down the east coast from the midatlantic up to maine, we will watch for those blizzardlike conditions currently not seeing visibilities as low as they go for that requirement for it to become a blizzard, but we will be watching over the next couple of hours notice the radar over the last three hours, we have plenty of lightning in the center of the storm. That is a textbook noreaster. We continue to see it intensifying right off the coast of new jersey, we do have a heavier snow band. It will be interesting to watch that band the next couple of hours and into the later morning hours. It is slightly intensifying and rotating into areas of massachusetts, connecticut, and we will be continuing to keep an eye on those snowfall accumulations as well as those wind speeds. We have a little bit of warm air in areas close to boston, across massachusetts, that is leaving us with rain right now but you can see the snowfall accumulations up to a foot, even a foot and a half up towards maine. We are watching that cold air moving in behind it. Tough conditions to come from the midatlantic to the northeast. Thank you we want to get to Contessa Brewer in boston you know, the snow emergency begins here at 7 00 a. M. , which coincides with the time that the National Weather service is issuing a blizzard warning for boston people who are trying to get out of the storms path have limited options at this point. Amtrak is running on a modified schedule the flights largely are canceled in and out of logan. Some 3500 flights in total have been canceled nationwide thats going to affect airports nationwide when we talk about how this affects daily life today, all the kids in massachusetts have school off the boston schools are closed. New York City Schools are closed philadelphia schools are closed. The state offices in massachusetts are closed, too. The governor urged businesses throughout massachusetts to encourage to let employees work from home today. Theres some 60,000 employees in boston proper. You have to imagine the formula that goes through their mind, is it worth it to risk employees lives and safety to get them to work if theres no customers today . Some people who will be at work today, the boston the new England Patriots players its so cold out here, my mouth is not working properly. Bill belichick, the coach of the patriots told his players, guys, you live in new england, you better not be late for practice. He made it clear to them, blizzard or not, theyre expected to show up for practice today. Remember, i was just in everett last month for the win Boston Harbor i corrected in yesterday, i said, hey, is the construction site closed down where theyre constructing the casino . They said nope these are wicked winds wicked contessa, thank you stay warm. Love the hat dont you love the hat he does i do he is into the dorkiest hats. I have some no shame. Its coming down here i thought my kids would never know what snow was that was the prediction. Oh. Now kids in florida know what snow is. Thats all part of it. Coming up, the dow inching closer to 25,000 just over a month after hitting 24,000 well talk stock strategy, tomorrows big jobs report after the break. This is not a cloud. This is a tomato tracked from farm to table on a blockchain, helping keep shoppers safe. This is a financial Transaction Secure from hacks and threats others cant see. This is a skyscraper whose elevators use iot data and ai to help thousands get to work safely and efficiently. This is not the cloud you know. This is the ibm cloud. The ibm cloud is the cloud for business. Yours. Whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley or a little internet machine . It makes you wonder shouldnt we get our phones and internet from the same company . Thats why Xfinity Mobile comes with your internet. You get up to 5 lines of talk and text at no extra cost. So all you pay for is data. See how much you can save. Choose by the gig or unlimited. Xfinity mobile. A new kind of network designed to save you money. Call, visit, or go to xfinitymobile. Com. Its jobs week in america. By that we mean friday we get the employment report. But today we get the adp private payroll report as we do every month that will be at 8 15 we have andres here from zoe financial and we have matthew dizak from Merrill Lynch we are seeing signs of life in the tenyear yield as we move again closer to that 2. 5 range what is your yearend forecast our yearend forecast is based on what the fed does we think three rate hikes. That should lead us to another 50 or so on the tenyear probably finishing out the year around 3 . So the curve will continued to flatten a bit, but not too much. We expect higher rates the economy will be strong inflation will make a return thats 50 higher than 2 . But in someone that wa