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melissa francis. here s what s money tonight. brace for impact. senate majority leader harry reid says it looks like we ll head over the fiscal cliff. with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. and big beer companies putting beer goggles on their customers. the market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. less filling tastes great. even when they say it s not it is always about money adam: before we serve you that beer let s look at the day s market headlines. stocks fell for ....
defund the health care bill. among our newsmakers on the topic this morning, we have former oh bam in omb director peter or zaszag. then coming up at 8:30 eastern, we have former vice chair alice rivlin. and aei senior fellow kevin hassette. and in other washington news, the federal housing administration will likely soon take a cash infusion from the treasury. the agency needs help to cover losses from souring loans. jcpenney looking to raise as much as $750,000 to $1 billion to build up its cash reserves. the retailer is leaning towards issuing new shares. but other methods of raising capital are erroredly on the table. goldman sachs says it expects the retailers to move more slowly. anyway, another hard hit stock this year, blackberry, we talked bit almost every morning. fairfax financial says it is confident it can find the money to fund its $4.7 billion for the smartphonemaker. but shares did fall yesterday on doubts about that bid. meantime, t-mobile, i don t kn ....
last four sessions. at this pointed, the dow is now back in positive territory for the year. still, if you look at where we stood just a week ago with some of the concerns about what was happening, it looked like things were going to expire, but we re headed back there now. we ll see what happens as we get through to some of the news coming out today. we do have on our agenda this morning economic data and earnings from the world s largest retailer. at 8:30 eastern time, we have two reports. jobless claims and july import prices. walmart is set to post quarterly results. that s expected around 7:00 eastern time this morning with all that we ve heard from the retailers including macy s with numbers not as strong as people had expected. that s going to have people watching very closely to see what walmart has to say about the consumer. we ll be hearing from kohl s before the opening bell and then this afternoon we have jcpenney. weird about europe, is it not? when they ....
lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. everything should be on the table. bring entitlement reform into the conversation. a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we ll start that in just a moment, but first over to andrew. finance ministers are trying to unfreeze the second bailout package for greece, but first they must agree on how to cut massive debt to a more sustainable level. we ll head to london for details on that. and playing down a deal talk, tom joyce saying his country s currently if talks with at least two firms on a possible sale of its largest business unit. but would only pursue a deal if it created value to shareholders and clients. and mexico s anti-corruption body says it has found no irregularities in its probe of permits given to wal ....
a judge says david einhorn s hedge fund may succeed in its legal attack against apple. and you ve been hacked. major financial institutions, fast food joints, tech giants, and now car companies. corporate america facing a flurry of attacks. it s wednesday, february 20, 2013. new five-year high yesterday. squawk box begins right now. good morning, everybody. and welcome to squawk box here on cnbc. i m becky quick along with joe kernen and andrew ross sorkin. our guest host is business insider ceo henry blogett. from corporate hacking attacks to questions about dell s corporate buyout, this is a great day to have him on set. welcome. coming up next hour, a squawk ceo summit. we re tackling a question on everyone s mind how do we get the economy to grow from here? no one knows better than the leaders of corporate america. joining on set this morning, 32 adviser ceo robert wolfe. we ll have hanes celestial ceo irwin simon. and the kraft group president, jonath ....