Which sounds totally crazy, but there have been so many wrong reports and but its hard to say anything. This one, the latest that i had read on this, this gentleman, was seeking asylum, they thought, in germany. They didnt think he had linked to terrorist activities. But again, all of these stories are changing quickly. He had the stolen passport and supposedly the second guy with the stolen passports, they bought their tickets one right after the history. Were going to have a gentleman who knows from bbs. Right. Everyone says the 777 is one of the greatest planes ever designed. And they dont thats why they are not willing to write off any foul play. Right. Whether that be pilot error, hijacking, terrorism. Theres 50,000 flights a day in this country, i think. And typically, you know, they dont just disappear out of thin air without a single warning sign. It looks like this plane may have been turning around. They picked up military radar. They cant figure out why it wasnt on the radar or at least Malaysia Airlines hasnt given more information on that. But on military radar, picked up is and showed that it may have been turning around. So now theyve switched the area that theyre searching. But no why they being able to radio back in, i dont know. Again, there are a lot of questions that still have to be answered on this. Just about everything is what we dont know. This gm thing is seems to be the journal devoted a large section. Congress is set to investigate the response by gm and by safety regulators. The complaints about faulty ignition switches that led to 13 deaths. Theyre recalling 1. 6 million cars. Yes. House Committee Panel chair fred upton says vehicles were recalled and weighed down by a key ring to turn off the the car answers engine and electrical system, which affects the air bags and and you couldnt turn the wheel and the thing is, you hit 13 and then you wonder what it you know, the people that lost you think why didnt you do this after two, three, four, five, sex, seven, you wonder whether you could have changed the outcome for some families. The people within General Motors knew about this for a decade. Apparently it never rose all the way to the top. But the idea that people somewhere in the company would know and that it wouldnt rise to the top is stunning. And so many times you want to you know, you worry about how much its going to cost for the recall. You balance that out with safety concerns and its a tough line, but, you know, this is not turning out that well so far. Gm is going to fully cooperate with the committee and has launched its own internal investigation. It was a really tough one for the new ceo. Yeah. Although he has said better to come in now and clean it up rather than shes within with the company for a long time. The questions are was she involved . She has said categorically no. Weve heard from other people, too, higher up who said no, they did not know about any of this. But she has said theyre going to launch this huge investigation and sthept to find out the truth. They dont care where the truth takes them, theyre going to follow where the actual facts fall down on this. And dow component dupont is blaming the weather for a challenging First Quarter. The Worlds LargestChemical Companies blame storms and low temperatures delayed the start of the planting season this year and that impacted the companys chemical business. The political unrest in ukraine has delayed seed deliveries. Really . Anything else . Dupont runs a factory in a simple part of that country that produces a variety of seasonal no kidding. Crazy. However, dupont is sticking by its 2014 earnings forecast of 420 to 445 a share. Take a look at due pond. I just wouldnt think that during earnings season were going to hear a lot about ukraine. Right. But especially if you have a plant there. When i first read it, i guess more skeptical. Problems in ukraine . Maybe this time theyre not lying. I think we believe this. Thats what i was trying to say. Didnt is that . Not exactly. When i said this time theyre not lying, that was a poor choice of words. Thats right. Okay. Lets get a check on stocks this morning. You see this morning, futures are indicated lower not by a lot. Dow futures down by about 12. 5 points below fair value. S p futures off by 1. 5 points. If youre watching oil prices this morning pb youll see right now theyre up slightly, up about 31 cents. We did see a significant decline. It was a drop better than 1 . 101. 46 is the late trade for wti. The tenyear note, yesterday we watched the yield around 2. 8 . This morning, the yield is at 2. 788 . And the dollar today, looks like it is indicated up across the board. Its up against through, rating at 1. 38, 1. 385. Its up against the pound, up against the yen. Dollar yen is at 1103. 29. And gold prices are up about 6. 70. Its been a steady climb for gold, right now, 1,348. 20. Back to the story of the Malaysian Airlines flight, again, a lot of speculation about whats been happening. There has been some new details. And sri joins us now with more. Sri. Thank you for that. The new details are that the holders of the two stolen passports that boarded the plane in question, flight mh370, one of them has been identified by Malaysian Police a 19yearold iranian man. Now, whats important here is that they have ruled him out as a terror suspect as someone who is affiliated or connected to a terror group. And the reasoning here is that he was probably just trying to migrate to germany to frankfurt was his final destination. And in an extraordinary twist to this story, apparently his mother was waiting for him at the airport. And she also confirmed that he was using a stolen passport. She has been cooperating with the malaysian authorities. But there still remains this outstanding question of the second holer of a stolen passport, stolen italian passport, i might add. His nationality, his name and identity basically have yet to be revealed. Were working on that investigation. There was a lot of excitement amongst the passport when the immigration director general held up a photograph of the man in question and they basically amobed to this podium behind me fixated on this area of the stolen passports. While it is an important and legitimate area of inquiry here, its very important to stress not to lose sight of the fact that the Search Operations that are going on in the western peninsula, malaysia, and the in the eastern peninsula of malaysia are still ongoing and they have yet to really turn up any tangible material trace of mh370. This is very important because the authorities need to reconstruct the aircraft from the debris to determine what the last moments of this flight could have been. And until they find the evidence, this would leave no hard and fast material to determine what exactly went wrong here. Back to you now. Lets say it was in the sea there, sri. Is there some shallow water, some really deep water . If it was in the deep part, can you do that . You cant go down and get stuff at 10,000 feet, can you . Well, what i understand is that its not relatively deep. Were talking about depths of around 300 feet, i believe, some are saying even more shallow than that. The analogy that people are drawing, the parallel that people are drawing, aviation experts, etcetera, is with the crash of air france 447 in 2009 when it went down over the atlantic. The smaller debris fields, joe, took about a week to discover. The larger the debris fields, the bulk of the aircraft took about two years to discover. But some people are saying it could be months if not years before the full extent of the debris is recovered. It could be a very protracted area here. Depth aside, we are talking about vast expanses of water here, just one of the search zones designated into a grid the size of spain. So that gives you a sense of perspective how challenging this task is, despite the fact that we have nothing short of the Multi National naval force out there coupling d. C. For any evidence of this missing aircraft. No. We just joe and becky. You dont know when its that high, where the pieces are. Have we had one come apart at 35,000 feet . How big would the field be . Theres far more questions than answers at this stage. That gives perspective, the idea that one of the search areas is the size of spain. Also, we should point out theres a statement just out from Malaysian Airlines. There had been a lot of early stories, early reports, some of those had been untrue. One of the reports was that there were five passengers who checked in and never boarded this flight. Malaysian Airlines Says thats no longer true. There were four passengers never showed up for the flight so there was no need to offload bags that they had checked in. It tells you about these stories, they start early, the story changes as we hear more and Malaysia Airlines putting out this statement. Well check back in with sri later in the program. Now another story weve been talking about, the ousted ukrainian president yanukovych speaking in russia today saying hes still the president. We had another guy in moscow with the constitution behind him, snowden, talking about human rights and stuff and the violation of human rights in the u. S. From russia. It was so strange, jim. Anyway, thats a different story. Lets talk about yanukovych. Yes, a very different story, though a very similar date line, i guess youd say. Yanukovych made his first appearance in a couple of weeks. He is definitely still in russia. He didnt take any questions this time, joe, but he once again declared that he remains the legitimate president of ukraine because he was ousted by an unstaushl coup. He warns that right now in the streets of kiev, the ultra nationalists there are firing Security Officials, Army Officers, mass gunmen are patrolling the streets. He said he never fled the country. That was a big question mark, one of the reasons why the parliament took over. He said he never fled ukraine, he was in ukraine the whole time of the socalled coup. He called the may 25th electrics completely illegal and illegitimate and says crimea is breaking away. As far as he is concerned, it was happening, breaking away from ukraine and he blames what he called the hunta in kiev for this tragic series of events. Russia, of course, backs yanukovych. We wouldnt be spending so much time talking about someone who could be considered completely irrelevant now. But it is the fact that russia does still see yanukovych as the legitimate leader of ukraine. And as a starting point for an attempt to come back to that february 21st agreement and then somehow work out a deal. This has been a nonstarter for the west, but it certainly still is in Vladimir Putins thinking. Meanwhile, in crimea today, very tense with just five days before the referendum there. The Russian Parliament there is preparing legislation to allow russians an exing of crimea. Meanwhile, youve got the russian or pro russian sources using overwhelming numbers now since theyve tape over just about every ukrainian base, including missile base owes that peninsula, sometimes firing, intimidating shots. Miraculously, no one has been wounded at this point. There are increasing reports, as well. This is very disturbing of pro ukrainian journalistes and activists being beaten or kidnapped, not just in crimea, but in kiev. In answer b to that, twice, the nato military exercises that started nearby today with several Eastern European nations, running wardrobes with the United States by sea, by air, youve got awak surveillance planes. This is all getting very ugly and very, very tense as we approach sundays vote. Back to you guys. So much irony in so many things, jim. So the russians are very concerned about the rule of law being followed and yanukovychs duly affected leader here and the an ex. About their an ex, the best part of ukraine in keeping for themselves. Its very selective in terms of what rule of law theyre deciding to Pay Attention to, no . Yes, indeed. And that is what makes the covering of this story particularly complex and particularly entertaining sometimes. But they do consistently go back to the point that yanukovych was elected freely and fairley and that, according to the ukrainian constitution, to change any law at all or the constitution, you need to have the president sign off as well as the parliament. So far, every single law thats come out, this is every single law thats come out of kiev since february 28th is illegal. But after he was elected, he drastically changed the powers of the president and took away a lot of liberties that other people were watching, too. Youre right, its a very complicated and complex story. Youre absolutely right, it is. The fact that hes come out and said crimea has been will be russian is interesting, as well, because on the one hand, he is supported by the government here, by the kremlin. But on the other hand, he doesnt want to look like hes pro russia non punish he wants to look lye a leader of ukraine. All very tricking. All right, jim, thank you. Obviously, this story is going to continue and we will check back in with jim maceda again soon. Meantime, another story weve been talking about for some time, bill ackman is expected to unveil details about you you herbalife issues in china. Hes been calling it a pyramid scheme for quite a while now. A claim that herbalife has vehemently denied. Ackman seder ba life failed to address a number of questions, including those about its sales practices and remuneration. Billionaire investor ackman has taken a short position against herbalife, but the story yesterday in the New York Times raised questions about how hes been lobbying washington and whether that is because he sees problems there or because he is trying to prove a point or trying to move a stock price. Payback. The n should be before the m. Remuneration. Youre talking about numbers. Yeah. I had anything that pops up in the prompter, rural. Coming up, Airlines Point to the weather for First Quarter woes. Thats next. Plus, the executive edge combined with the squawk ceo call. Bee Aerospace Founder armand curry is our special guest. This Company Makes a lot of stuff inside the plane. Were going to talk to him about that and see his taking on whats in the news. As we head to break, check out the price of crude this morning. And a 27point inspection. And everything looked great. Actually, could you leave those in . Sure. Want me to run him through the car wash for you, too . No, no, i cant. Get a dexos 1, syntheticblend oil change, tire rotation, and inspection for just 39. 95 or less. Chevy certified service. Welcome back, the Major Airlines feeling the impacts of that harsh winter. Air leans are expecting to feel earnings pinched in the First Quarter. Delta told the jpmorgan Investor Conference this winter that the storms hurt revenue about about 90 million, but really knew would grow slightly. American expected to see a slight rise in revenue, as well. United warned that the weather would impact sales and jet blue says it expects 1 to 2 Revenue Growth in the First Quarter. Southwest expects a 3 rise. Most will see rises in revenue even though they did see particularly harsh weather. Airlines stocks were mixed on monday. Time now for our executive edge. Were joined by the founder and ceo of bee aerospace company. Ayman is here to talk to us about the companys new luxury suites the. First, we should get your thoughts on the missing malaysian airline. I talked to you earlier about what a great aircraft the. 777 is and this is not typical of your experience of what you would by about this. The 777 is a reliable aircraft until they can figure out what actually happened, joe. And like so many things, were hesitant to say anything about it, and then we jud just heard about, you know, a stolen passport and someone who is trying to get out of an area and that is why they were using the stolen it could have nothing to do with seeking asylum in germany. Yeah. What are you talking about, this luxury suite that i just referenced, b e aerospace, is that different parts of no, actually, joe, wher in the middle of what is probably going to be the best cooking order in our industry. And super first will have private passenger compartments with electrical act tu ated doors, dining for two and a late flight bed and a tv, a small refrigerator, a place to hang ones coat. So it is really flying in a luxurious way. Numerous airlines have now adopted this capability. So emirates, qatar, lufthansa, air france, british airways. Numerous planes around the world have begun to install this suite in the aircraft. That sounds phenomenal, but it sounds so opposite of what we normally do. I think flying domestic flights in narrow body aircraft over short distances is very different than flying long distances over very long periods of time in twin aisle wide body aircraft. And the service is totally different, so youre likely to have two meals on board and a couple thousand cups of coffee are served and whines and drinks and so on and so forth. Its a very different kinds of service. Middle classes are being built and passenger traffic the dwooping at a higher rate than in the developed west. You see a growth cycle like this, do you expect it to continue the next two, five, even ten years . I think whats driving growth is the emergence of middle classes in so many of the developed countries of the world. Passenger growth last year was in the order of 5 which is a pretty strong january with almost 8 . And i noted that you had been talking about the airlines having had a difficult period here with the polar voe text and the snowstorms. Airline res in their fifth year of a period of unprecedented profitability. Theyll earn roughly 20 billion this year, up 50 from the prior year. And last years earnings were up some 70 . So theyre having a period of profitabili profitability. There are low factors and yields are as high as theyve ever been. The air kravrts cpi has grown substantially. So the air leans have strong balance sheets, theyre generating lot