Plus, the story that everyone is talking about this morning, the ravens holding on to beat the 49ers in the super bowl after the lights went out for 45 minutes at the superdome. Were going to try to keep the lights on. Squawk box begins right now. If you like it then you should have put a ring on it if you like it then you should have put a ring on it good morning, everybody. Im becky quick along with Andrew Ross Sorkin. Joe kernen is on vacation today so were joined by Steve Liesman. Were happy to have him here. Our top story this morning, the market. We have assembled a trio of wall streets most respected voices to join us for the next hour. We have a lot to talk about this morning. Plus, there is that issue of the lights going out at the super dole last night. Officials say an abnormality in the power system triggered an automatic shutdown forcing backup systems to kick in. But they werent sure what caused that initial problem. 34 minutes that the lights were out. Brian shactman wil
Lynch upgrading the stock to underperforming. Theyll release a statement about the potential buyout. Weve been watching the futures all morning. If you want to take a quick look, after yesterdays big pullback, some people thinking that was the beginning of the pullback, you will see the futures indicated higher. Up by almost triple digits. Dow up just by 84 points. We want to thank our guest hosts today. Great to have you guys. Thank you both. We dont necessarily come as a team, but sometimes. Now its time for squawk on the street. Futures higher trning, thats something the bulls might say, dont call it a comeback. Were still here. Im carl quintanilla, with melissa lee, jim cramer is here, and david faber. Europe stabilizing as service pmi showing overall slowing of contraction. In china, services pmi accelerating to 54. As markets climb back from the s ps worst day since november, is todays market going to demonstrate investors willingness to buy the shallowest of dips. The business t
Off with the fiscal cliff. The president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. Costco joins the dividend parting initiating a 7 a share payout on top of the regular dividend. And a shakeup at groupon. The board may be considering cofounder being released. Theres powerball fever. 500 million big ones in the pot. How would you spend the money and how does the fiscal cliff factor in . Well talk strategy with a former Lottery Winner. We begin with the fiscal cliff. This afternoon president obama is scheduled to meet with several Business Leaders including ceos of home depot, macys, caterpillar and at t but futures are falling with signs there are troubles with negotiations on capitol hill. A market credible deal to solve the cliff is key to economic growth. That annual growth idea, that prospect is real in my view if we actually did get a market credible 4 trillion plan. The markets would realize tho
Slowing smart phone market stop it now. Apple is selling over 2 million iphones a week and the stock is making a run. New york the Capital Center of the world is becoming a laughingstock, weiner, the serial sextor in the race for mayor. Varney company is about to begin. Our Business Needs more cases. [ male announcer ] where do you want to take your business . I need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, Small Business solutions from at t have the security you need to get you there. Call us. We can show you how at t solutions can help you do what you do. Even better. Right off the top. Breaking news. 44 workers evacuated from a gulf of mexico fire. As of now theyre working on a plan to shut it down. Its out of control, but remember, natural gas, its not oil. Alabp. Hurricane hercules off shore owns that. The market is big when it opens because of iphone sales, just look at the numbers, 31. 2 million iphones sold in the previous quarter. That
In the future. This cable thing youll get to see cnn because you like cnn. You all two stop it, were trying to get paid, this is a cable network. Future. 30 seconds. Its truck day in baseball. Baseball teams loading up for spring training heading down to florida and arizona, annual raising for hope. Ladies and gentlemen you can believe in america once again. Seriously, john . Boston red sox, go my goodness. Cnn newsroom with Carol Costello begins right now. Carol, good morning. Happening now in the newsroom, safe and sound. Hes been through a lot. Hes endured a lot. Reporter relief and hope this morning as 5yearold ethan is recovering after being held hostage in an underground bunker. By the grace of god, hes okay. Reporter this hour, find out how the boy was saved from storming the bunker to reports of secret cameras, even the u. S. Military was involved. All right, weve lost lights. All right, were going to a manual override. Reporter new reports the lastminute electrical upgrades ca