Sales earnings that Beat Estimates part of that is because of parents buying frozen gifts for their kids. Disney is preparing to come on with its first star wars movie this year. Accompanying theme parks are ready to cash in. We have big plans. Our engineers are hard at work drawing them up. Im sure we will be ready to go doublet. It is safe to say, you will see more star wars at disney in the near future. Disney also reported stronger growth in movies. Unexpected good news for sony. The company is trimming estimates for a foot fullyear loss by 26 . Strong holiday sales of the playstation for gaming console. Growing demand for the image sensors used by smartphone makers. Sony is in the middle of a restructuring that will focus on games, my Natural Services and content and getting over the hacking the hacking scandal from last year. A plane crashed into a river moment after takeoff. Dashboard camera as you can see captured the scene moments before the crash. This dramatic video. 23 people were killed. More than 20 others are missing. The planes fuselage is partially submerged in the river. Chinas central bank is trying to jump start an economy growing at its lowest rate since 1990. Lenders must set aside as reserve to design more designed to put more liquidity. Back in the u. S. , a stock that is in focus is gm. The automaker reported earnings above wall street estimates. Boosted their dividends by six cents. Delivering it strongest january sales gain in over seven years of over 18 in january. The stock is one of the most active now in the premarket trade. Chuck stevens joins us now with more on the outlook of gm. Matt miller is also joining me. Chuck, much of what people say about auto sales for the last several months is whether cheap gas is juicing up the sales, particularly in trucks. How much longer do you expect that automakers will benefit of cheap gas . Before i answer the question specifically about gas, looking at 2014, great results. A strong year from our operating performance perspective. Led by north american and chinese markets. We expect in the United States for this to be a tailwind as we go into 2015. We expect to take advantage of that as we head through the year. You mentioned china, which has been a huge market for gm. We had this news out at the Chinese Government continues to add more stimulus to the economy. How worried are you that there may be a downturn in china . We expect growth in the industry in 2015 but we are monitoring it closely. Growth slowed at the tail end of 2000 14. Overall, we expect the industry to be up at 5 and 8 in 2015. We want to take advantage of that with growing revenue and improve equity income. Let me ask about business in the u. S. We are seeing margins that were 8 at the beginning of the year. Over 9 your the end of 2014. Your goal is 10 in 2016. Is that going to come early . We are on the path to 10 margins. And you look at north america in 2014 and exclude the impact of recalls, margins were just under 9 for the year which is up 110 basis points. Again, very much on path to 10 margins. The dividend you raised as well. A few investors im spoken to have noted a lack in Dividend Growth as the reason for the underperformance of the stock as compared to its peers. Gm, down about 6 over the last 12 months. Toyota is up 15 . Is this going to give the stock the boost that a lot of analysts say it deserves . The announcement today is consistent with our stated objective of a strong dividend underpinned a strong business performance. We announced it in conjunction with our 2014 earnings because of the underlying performance and our expectations that in 2015 we will see better overall profitability and better margins across the business. This is consistent with our stated objective of returning capital to shareholders to a growing dividend. Earlier this week, we had ken feinberg on who is administering a Victims Compensation fund for gm. He noted that they so far had received 4100 claims. They paid out about 130 victims. They found 51 fs versus the 13th officially that gm has found. Do you have a clear sense of what the ultimate payout and numbers will be on this Compensation Fund . At the end of the second quarter, we booked an estimate of the potential obligation associated with this of 400 million. Were not changed our view. We still expect the overall cost of compensation to be in that range of 400 million. We did indicate that there could be reasonably a possible 200 million increase. Also important to note that there is no cap on the program. Our objective is to make sure we take care of those who were impacted by the ignition switch issue. We are leaving that administration of the program to ken feinberg. Thank you for joining us. Chuck stevens, cfo of general motors. And matt miller who covers the Auto Industry for us. Another day another centralbank move. China has cut the amount of cash lenders must set aside as reserves. Chinas centralbank cut Business Rates last november for the First Time Since 2012. The point fresh stimulus. I want to bring in a man who has a productive start to 2015. Nouriel roubini has been to dollar rose, london, frank word frankfurt, and now on our set. What do you read into chinas latest move . Does this sideline the fiscal policies they put in place . The economy is slowing down bouncing from capital entitled see. Laborintensive growth. Slow down is going to be sharp because the real estate markets is in a significant downturn. Whatever that occurs, they get nervous. Significant hundreds of billions of dollars out of china. This is one way to get it back in . One way of helping the liquidity of the domestic market because of the outflows. 4. 5 . Reduce the pressure of liquidity in the financial system. One form of monetizing, gradual. Are they going to have to do more . Is this one of several down the road . They might do more. The trouble is that if they want to stabilize debt, the economy is already the stocks doing what they are doing, every time there is a Global Growth slowdown more infrastructure financed by more easy money. They are dealing delaying. They get nervous when there is a growth slowdown rather than accepting rebalancing it. Increase the debt to finance more consumption front Employment Benefits for more unEmployment Benefits. In some senses, it is a policy mistake. What about the almost not possible . Looking at their currency . They could. It could be time to weaken their currency by a lot. If they do it a lot there will be political problems in washington. The argument they make is that will be an appreciation of that and sharpening the u. S. Dollar. The ecb has been weakening the yen and the euro. On a trade basis, currency is appreciating. On the other side, they havent growing surplus. The economy is weakening. It will not let the currency appreciate significantly last year and therefore increasing is a pet of. Is competitive. The rustic growth is weak. Domestic growth is weak. The dollar continues to rise. It has gone up 17 since july. It is incredible. Is that pace going to continue . The dollar is going to be the only major currency that keeps appreciating. Central banks in asia have followed the lead of the doj from china, taiwan korea, easing is going to lead other Central Banks to do monetary easing. We live in a world in which there is not enough domestic demand. Weakening their currency. Summary alsos currency has to stronger. So far, the pressure is going on the u. S. Dollar. Yummy curry that is yummy currency that is still the only currency that is still appreciating. Differential in growth. It is going to get bigger. Before we had to break, i want to get your take on the story out of russia. With the collapse of oil prices, russia, which normally never does this they cut the minimum price for a bottle of vodka 16 cheaper. This is according to the moscow times. Authorities hope that by making that could cheaper people will be less lately to turn to illegal moonshine which has a higher alcohol content. Just one of the fallouts from the ruble. It might be. Domestic inflation is going to rise. Get people drunk maybe they will be happy that the economy is in a recession. [laughter] maybe that is one way to keep them content. Nouriel roubini, our guest host. We will be back in two minutes. 213,000 jobs. That is the number that just broke moments ago. Scarlet fu has more. 10,000 less than what economists had anticipated. In prior months for december, we got an increase of 241,000. The adp survey was pretty close to the mark for the prior month to the nonfarm tables number. This is the last opportunity for econ us and investors to refine their Employment Projections before that Labor Department report. The consensus for that number is an increase of 2000 231000 for the month of january. U. S. Stock Index Futures remain lower. U. S. Yields moving to session high of 1. 8231 . Not much of an impact. Thank you so much. It is 15 minutes past the hour. World News Headlines this morning. Jordan has executed two prisoners accused of convicted of terrorism related offenses. A highly disturbing video of a captured Jordanian Air force pilot being burned to death. That video sparked protests in jordans capital today. Executions are being seen as a response to the actions of the islamic state. New figures from the u. N. Show more than 5000 people have been killed in ukraine since april last year. The rate of civilian deaths is accelerating the 220 people dying in the last three weeks of january. Esther day, three people or killed when a shell hit a hospital. The ceo of petrobras is to step down. She resigned along with five directors. The company has seen billions of dollars wiped from its market value as of march as a result of a corruption scandal. That is the latest world news. Another update at 45 minutes past the hour. Greeces new Prime Minister and finance minister are taking their demands on the road for a different approach to greece to top european officials. Alexis tsipras strengthening ties well Yanis Varoufakis met mario draghi frankford. I had the opportunity to present to him our governmentss unwavering determination that it cannot be business as usual in greece. Varoufakis says he is eager to meet germanys finance minister in berlin. My special guest host, Nouriel Roubini. Solve this for us. What is going to happen in greece . The probability of a greek exit from the eurozone is low. First of all, the germans know if there was a greek exit, it would be disorderly. Other banks would say, who is going to be next . It could be a disaster for the eurozone. If greece exits, it remains up in the arms of the russian bear. Action becoming more aggressive in the baltics and ukraine. Explain how that would happen . The greece have been closer to russia. Were good relations with russia. The European Union wants to increase sanctions on russia because of the aggression in ukraine. The greeks said, we might not join. The positive the result of the exit would not allow Financial Aid from russia. Geopolitically, this is already having issues. Guy hand wrote an editorial the other day where he said i think we should force greeces hand. I think he should pay up because the eurozone is stronger than it was a few years ago. If there was a greek exit, the eurozone would be able to handle it. I do not agree. The risk of contagion is as bad today as 2012. If anything, it is worse because in 2012 you have reformist government. Today it is greece. In france, le pen is rising. Politically, things are worse. Austerity reform fatigue because there is another recession. Now there is also bailout fatigue where you have antieuro parties from germany to netherlands to finland. Political tension in the eurozone is much more compensated than two or three years ago. Germany knows it. They will do whatever is necessary. The way they put it to me is greeces only 2 of the eurozone gdp. We are threats from terrorists russia, domestic problems for greece. We will have to find a role find a solution. We will have nouriel weigh in on income inequality, coming up next. You are watching in the loop. Good morning, im betty liu. Shares of chipotle, down more than 6 in premarket trade. The food chain posted fourthquarter sales that missed estimates. Higher food costs floor down slow down earnings growth. Toyota is expecting to earn more than 18 billion. That would be more than the combined earnings at gm and volkswagen. The maker of smuckers jam will be selling kibbles and bits. Dan smuckers agreed to buy big cart path brand. Kibbles and bits, now mix and milk bone. Closing the gap addressing income inequality has become a mantra for democrats. Now, some republicans have taken up the cause as well. A new analysis by the Economic Policy institute shows that the 1 is not what you think it is. I want you guys to check this map out. It only takes 228,000 a year to be the upper crust in arkansas. That is the lowest in the United States. In california, raking in 438,000 is enough to get you in the 1 . If you are in connecticut the threshold is 678,000. That is how much you have to make to get to the Upper Echelon in the United States. My special guest host, Nouriel Roubini with me because he has talked quite a bit about income inequality. What does that map tell you . The differences in average incomes in different parts of the country. In some parts of connecticut manhattan, with high home prices, it takes being a millionaire to be in the top 1 . If you earn when you earn in arkansas you feel poor if you live in new york city. You would. It is true. To be middle upper class it takes much higher in new york city than it does in arkansas. That underscores the complexity of finding a solution to income inequality. You talk a lot about this. You heard the president the other night in his budget try to close that gap. What you think needs to happen in the next several years . A new president ial term to close the gap . Are we headed in that direction . We have to understand the reason why there is rising inequality. A combination of factors. Technological innovation has become capital intensive. Eventually they are all going to replace bluecollar and even whitecollar jobs. Trade and globalization has led to low skill jobs. Manufactured and manufacture and services are not tradable. The best rockstar athlete, you have a market of potentially billions of consumers of your product and services. If you give away more the benefits of that localization. Many different factors are leading to i would say that is how capitalism works. This is the way a free economy works. Ive suggested the rising inequality is due to social and political in the ash instability. Instability. You have to address it. The way to address it is to be education, skill training making sure that even those with disabilities can join. You cannot say nothing about it. I would rather tax the rich you would rather pay higher taxes . I would personally. We are going to be in the situation where there is rising inequality, which detects those that are both lucky and deserving of having benefits. There is no other solution otherwise there will be social and political instability. Jack lew was selling the budget to members of congress. I want you to listen to what he said about the budget. We have an economy that is growing on the whole on a much better rate than most of the developed world. We are seeing that it is not an economy where there is broad opportunity as it should be. I think the provisions in this edge it provide budget provide the first step to solving that. Did it go some way toward resolving the income gap . There is a proposal that is controversial. I do not think this congress is going to pass it. We intense the wealthy we can tax the wealthy slightly more. Were going to use it to provide tax relief to the working class and middle class. Providing people with education. I think you need that, otherwise they will be lyrical backlash. Even among republicans, the people are suffering. Half of democrats and republicans say inequality is a problem. Even a republican candidate will have to address income inequality. It is fashionable now to talk about inequality income inequality. Jeff green, the billionaire, talking about income inequality after having flown in a private a private jet. The people who talk about income inequality are the 1 that are part of the growing divide not just in the United States but around the world. Income inequality was discussed by the top 0. 01 in doubles. It is also being discussed by president ial candidates and becoming a social and political issue. In emerging markets. I think this is going to be one of the things of the president ial elections. Not nominal minimum wages are not growing. People fear about their jobs. Whether they will be outsourced replaced by technology. It is going to be one of the key issues of opportunity for america that any president ial candidate will have to address. You are hearing that already. Nouriel roubini, much more ahead. A saudi billionaire may be the biggest victim caught in the wake of oils collapse. His Kingdom Holding was once he has cut his stake from almost 7 to now down to 1 . Although our lead one of murdochs strongest supporters. Its shares in his company have fallen 21 in the last year. A major turnaround in the price of oil. Crude has been on its hair up 15 in the last few days. Trading just above 15 and digging dollar 50 per barrel. Energy companies are trading their treasured pipelines and plants to get some quick cash. Joining us for more on oils ups and downs, economist Nouriel Roubini. Also, isaac r restoreth. This is another example of how show producers are becoming victims of the oil crash. They are selling their assets. They are looking for anything they can afford to spare that will give them cash. A lot of these companies were outspending their cash flow when oil prices were 100 or higher. Now that we are half that, they are desperate to keep on dri