hi, everyone. good tuesday morning. welcome to worldwide exchange. >> let's take a look at your headlines from around the world. >> let's start with saudi arabia and checking in on miners and also commodities. miner melt down is taking place today. anglo american dragging stocks down even as crude continues to squeak out gains. shares in saudi arabia are falling after a budge bust. jp morgan takes action. the bank is now hiking a key rate for customers and that's just after the fed's historic

move to raise interest rates. >> belgium police arrest two suspects allegedly plotting an attack in brussels on new year's eve. the arrests follow raids in three regions but they are not linked to the paris shootings. >> snowstorms and flooding caused havoc for many americans during one of the busiest travel periods of the year. >> let's check in on u.s. futures. yesterday some small declines at the end of it. it was down some triple digits but we managed to recoop some of the losses heading into the close. checking in on the implied open we're above fair value today. s&p 500 called higher. dow jones industrials should be gaining about 85 points at the

open and the nasdaq is looking at an advantage of 25. here's europe, a positive session so far getting an advanced lead from the asia pacific session overnight. the ftse 100 seeing gains of .5%. the german dax, the france cac 40 and the ftse mib. let's check in on mining shares since the commodities have been the story for 2015 and the dwindling oil price. let's check in on mining stocks. angelo american which is slicing it's staff by 55,000 hooking at some steep losses here. 6.3%. let's look at oil stocks. given that we saw a bit of reprieve when it comes to oil pricing in the last 24 hours or so this isn't translating through to the european session. it's a mixed picture out there jeff. >> so goes the oil price. so goes the markets at the moment.

it seems to be what we're getting in the early part of the european session here because there is a modest recovery taking place in the brent price after we saw weakness on the back initially of the announcement of saudi arabia's budgets. unveiled plans to cut spending and reform it's economy after seeing the budge deficit jump to $98 billion this year. the first official budget saw revenues miss expectations by 15%. while spending out paced forecasts as oil earnings plummeted. this comes as brent hovers near these 11 year lows. jackie has more. >> crude oil prices breaking their recent win streak to settle more than 3% lower today. wti finished at $36.81. brent continues to trade under wti. that's a phenomenon to watch. we see brent trading at a

premium but now it's fallen out of favor. santa claus rally leading us into the holiday. leading us into a long weekend. that's not something traders were thinking was abnormal. today's selling was a reality check. nothing really changed when it comes to the kcrude oil story. a deficit of nearly $100 billion. the revenues were lower than expected and spending was higher than expected. they're really feeling the pinch from lower oil prices. we know it's not just saudi arabia but other opec producers as well drawing a line in the sand saying they'll endure the environment of lower prices holding on to market share but it doesn't mean that it's not coming without a cost. if that remains the case and nothing changes this could put more pressure on wti prices. traders telling me it could not happen this week because volumes are light as we head into new years. another long weekend but in early 2016 we could retest the

lows in crude we saw not long ago. >> let's just have a look at how that's effecting the saudi stock market. we had a weak start from the trading session and we're currently about 2.4% lower on this index. so the saudi market really not liking the weakness in the oil prices but also i think concerned that some of these price increases that will now be imposed domestically will have an impact on perhaps the growth dynamic. >> so expect water pricing to go up. water bills to go up. gas bills and also electricity pricing but also this tells me given that you know it looks like saudi arabia is willing to accept the on going budget deficit which is is typical for the saudi budget. usually spend more than they take in. at least when it comes to the budget, it tells me that they are willing to stomach these low

oil prices. >> that was the immediate reaction. they were very modest and reinforcing that expectation that the saudis are not yet ready to cut production and so the saudis are producing opec is cheating. the russians are going for it. the americans are just deciding they might start exporting their oil to the rest of the world here so we are floating in a sea of oil at the moment. the challenging part for me is when does this start to show up in corporate profitability? when do we see it start to improve? >> we have investment banks

calling for the savings to translate through to more consumer spending in the u.s. will that happen this year? they called for it in 2015. didn't really cycle through the market. >> i'll find out. >> this is called putting your finger in the air and hoping that you get a sense of the direction in which the air is traveling. right now it's swirling. i don't think it's clear if we're going to get that, do you? >> we have seen some would say a relatively strong seasonal retail sales season so far in this holiday -- these holiday weeks but we'll check in on that in just a bit. but let's check in on natural gas. we have been talking about ten year lows for natural gas pricing. futures for the month of february have come back up. we soared more than 8% on monday because cold weather is upon us. forecasts are calling for lower temperatures and that could drive up demand for heating

fuels. analysts are suggesting maybe some short covering as well that added to the price spike. let's give you a run down on this tuesday. the s&p home price index due out at 9:00 a.m. eastern time. prices of single family homes expected to rise at a slower pace in october than what we saw in september and at 10:00 a.m. we'll get december consumer confidence number which is is expected to have picked up this month after falling to a 14 month low in november so maybe we've seen a pick up back up during holiday shopping season. >> let's look at the other corporate stories out there. i can hear quitely savers and retirees cheering in the united states. jp morgan plans to raise deposit rates for most large clients next month. it's the first bank to do so after the fed hiked interest rates. it's not clear by how much jp morgan raised it shortly after

the fed's hike. rivals bank of america, wells fargo, and citigroup haven't yet revised their deposit rates which effect of course the interest they pay to customers. >> as i mention to you isn't it interesting the banks are so quick to hike prime rates but slow when it comes to paying out depositors. >> it's a business. >> right. that interest rate margin has been working against you because the fed kept rates down low and i guess there was no incentive for you to pay depositers more interest. they have all been really quick when it comes to the prime rate. >> and slow. >> slow for paying out deposito depositors. >> but if you're a retiree you're thinking let's bump up. >> i know it's going a little bit grey. >> i have a few more years.

>> lets me know something. >> i got nothing. >> let's move on and talk about pepboys. a take over offer from icahn is superior to a deal agreed to with bridgestone. they're moving to terminate the agreement. his bid of 18.50 a share values it of around a billion dollars. bridgestone has until thursday to respond. pep boys they have around 800 stores and service centers across 35 u.s. states. closing down .5% on monday but did jump 6% in after hours. and outperforming that performance. >> the ceo of adidas says the firm is not under pressure to sell it's reebok brand. this amid speculation that three big activist investors are

pushing them to shed underperforming assets. they already announced the sell of rockport. shares up over 25% over the last three months. >> deutsche bank is planning to sell it's share in hua xia for $4 billion. they picked it up in 2006 because they wanted exposure to chinese retail banking. now they're looking to beef up the balance sheets and they're looking for a turn around and that does include job cuts, also dividend suspension but he remains committed to china at least as a growth moment. shares are down some 11% year to date. >> some surprising names in terms of the bigger performers for 2015. are you hungry for profits? we're going to tell you which markets would have made you the most money this year after this.

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offer from carl icahn is preferable. the deal already agreed to with bridge stone after announcing a bigger than expected full year deficit. >> argentina's new government is reportedly searching for a second u.s. law firm to help it resolve a long standing dispute with creditors over it's debt. >> amid the second week of january to start talks toward settling the dispute which stemmed from the country's $100 billion default in 2002. argentina actually was one of the better performing markets through 2015 but hungary beat it

to the top slot 42% return. argentina a very close second. ireland and italy also among the largest gainers for 2015 and russia's micex up over 20% thanks to the collapse of the ruble. the s&p 500 however would have earned you very little money. now let's get to the cio of wealth advisors. tim, good morning to you. >> it was not a real productive year for 2015 but what you mentioned earlier, the questions are where are all the savings from low commodity prices going. are they going to end up on the

bottom line of corporate profits. are we going to start to see consumer spending pick up. >> we have seen consumers rather than spending money and savings rate increase. household numbers improve and household balance sheets have gotten better. that's gone down for households and they're healthier. markets stayed flat for over a year. close to a year and a half now. and stock price versus not run too far ahead. that's a good sign. it's not as though the u.s. markets are overvalued. they're fairly valued and once those dollars start to flow in

to markets and profits i think we should see markets move higher in '16. >> what's been interesting and it ties into that story that you're describing for us on the consumer side is that we have seen energy prices and stocks trade together. and yet no one seems to be convinced that there is going to be a windfall benefit for consumers and for companies that are heavy users of energy. when does that start to show up in profits. >> yeah, you know, historically it does take 4 to 6 quarters. they're one of the biggest providers of capital spending

and generating a lot of investment in the u.s. now they're obviously reducing that amount and it's up to other sectors and consumers to pick up the slack. that hasn't happened so far. as consumers start to see their better balance sheets we believe they'll start to spend in '16 and you are starting to see that in corporate balance sheets. i think i saw carnival last week announce their earnings did relatively well and a lot of that is due to a 46% drop in their energy costs and you'll start to see that for a lot of companies fairly energy dependent. >> and carnival is trying to bet on the chinese consumer as well. you know, china and shanghai made 9% returns so far in 2015 despite the summer lows on the crisis as we call it. wouldn't you say there's better value outside of the u.s. right

now? >> there is. yeah, we think so. we think in the united states markets are fairly valued. they're where they should be for every dollar you're investing in the s&p you're getting back more than $5 in earnings. when you look internationally for every dollar you're investing you're getting back about 6 to 6.5% in earnings. that's much better and emerging markets are at 40 to 45% discounts. so we do see international assets being more of a value and over the next 3 to 5 years we would expect that international assets should outperform u.s. assets because of that and that's what we have seen historically. >> i'll take it. a lot of fund managers would. but aren't we into this environment where we're looking

at single digit returns if not very relatively small returns for the next few years? >> yes. that's what we're projecting. i think the market accepted the fact that we're in a slower global growth stage. so developed markets like the u.s. and europe, expected growth in the 1.5 to 2% range and emerging market expected growth has slowed too. but i think markets are priced for that. i don't think the slower growth is going to surprise anyone and that is going to pull expected returns down into, you know, mid to high single digits. but the offsetting good is because we are so awash in commodities like oil, metals, cotton, across the globe, that should pull inflation town as well. so rather than seeing 3% inflation, you might see 1.5% inflation and the real return for equities should still be

reasonable. >> got it. tim, thank you so much. chief investment officer. >> we're going to squeeze in a quick break. but still to come on the program, we're going to bring you the latest on the severe storms sweeping across the u.s. which have caused travel chaos and loss of life. we'll have pictures when we come back.

police arrested two individuals accused of plotting to carry out terrorist attacks in belgium over the holiday period. they revealed serious threats of attack on symbolic places in brussels during the celebrations on new year's eve. they're not linked to the paris attacks. isis propaganda and computer equipment were seized during the antiterror raids. >> ohio grand jury cleared two cleveland police officers in the fatal shooting of 12-year-old rice saying there were a series of mistakes but no criminal activity. police radio personnel gave officers a description of a suspect brandishing a weapon but failed to convey the suspect was a juvenile and the gun may not

be real. the decision comes days after another fatal shoot ofg two black residents by chicago police which now increased pressure on the department and also the city mayor. let's bring in edward lawrence from washington d.c. with more. >> susan the families of the victims are actually looking to washington here to get justice. they want to make sure that the justice department does a thorough investigation into whether the police officers involved violated the civil rights of the ones that they killed. there's been protests across the united states including in cleveland and new york city about the shooting of the 12-year-old boy. now on november 22nd, 2014, someone called 911 saying there was a gunman in the park but the dispatcher never relayed critical information that it was actually a boy who had a toy gun. within one second of the officers responding to that park, they got out, shot and killed the 12-year-old boy and

the prosecutors said it was a horrible crime and a terrible outcome however it did not rise to the level of criminal conduct by the police officers and a grand jury decided that. now a lawyer for the family of the victims said that the prosecutor that worked so closely will police should not have been the one to present the case to the grand jury. now meanwhile in chicago you mention rom emanuel. more calls for him to re-sign. he cut his vacation short to deal with the fact that there were two more people he killed. a 19-year-old acting erratically with a baseball bat. an older 55-year-old woman opened the door. police ended up shooting and killing her. she was a mother of 5. in the statement missaid that was an accident and then they moved in and actually killed the 19-year-old that had the baseball bat also. so there's an investigation going on with that. those officers are placed on 30

day leave. more pressure on the justice department here in washington to come in and fix the situation. they're already investigating the chicago police for their response and their elevation, or escalation protocols. reporting live in washington, back to you. >> thank you for that. edward lawrence with us from nbc. let's talk about the state of the weather. not only here in the u.k. but also in the united states. more than 3200 flights cancelled monday. another 600 today as a major storm system swept across the u.s. midwest. heavy rain, sleet, snow and strong winds have been seen in parts of wisconsin, illinois and missouri. the majority of the cancelled flights are at chicago's two main airports. more than 40 people have been killed during storms that hit over the holiday weekend. meanwhile, the u.k. needs a quote, complete rethink of its flood defense strategy. according to britain's environment agency this warning comes as experts estimate the

total cost of repairing damage caused by recent storms which hit mostly the north of england. should come in at around 5 billion pounds. >> those are incredible pictures, aren't they? what's happening in europe? the flooding? >> we're going to go to break here. but still to come on the program, every cloud has a silver lining. tech companies have spotted a business opportunity and china's smog problem. we'll get you more on this after the short break.

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>> hi, everybody. good tuesday morning. welcome to worldwide exchange. >> let's take a look at your headlines. >> okay. let's start with markets and also commodity plays. angelo american is dragging the commodity sector down in europe trade and that's even as crude continues to sleek out slim gains today. meantime shares in saudi arabia falling after a budget bust. >> jp morgan takes action. cnbc sources say the bank is hiking a key rate for customers just after the fed's historic move to lift interest rates. >> pep boys choosing carl icahn over bridgestone after the famed activist investor is swooping in with a higher offer for the auto parts retailer. >> snowstorms and flooding caused havoc for many americans in the midwest during one of the busiest travel periods of the

year. >> three sessions to go in 2015. thank you for sharing your time with us. let's check a look at how markets are fairing ahead of the u.s. open. we're down slightly as we head into the close of the year. meantime the implied open is telling us we're above fair value at the open. maybe higher by 9.5 points. the dow jones industrials are called higher. here's a lead that you're getting from the european session so far on this tuesday. gains across the board of a positive session last night so look at the rally taking place and also the italian ftse mib with gains of 1.25%. >> let's talk about smog in china. china's air pollution problem has intensified in recent weeks

leading to widespread school and business shutdowns. but some of the largest tech companies that managed to see through the smog to the business opportunity. ibm and microsoft are battling the most effective forecasting solution technology. they're doing modeling ahead of the 2022 winter games to be held in beijing and microsoft is working along side china's environment ministry. >> let's talk tech and samsung says they'll roll out the use of samsung pay for its mobile customers in the united states. the wall of technology is already the market leader state side ahead of its rival. some would say larger rivals of apple and android. let's talk about the rise of chinese manufacturers as well because 2015 according to our next guest is all the chinese names. the ones.

he joins us here in london. good to see you. we're talking about samsung pay but you're saying 2015 was the year of chinese names. >> basically three out of the five biggest manufacturers are chinese today and basically they have been growing quite fast. some of the brands expanding internationally and other brands growing in the local markets and those brands are basically addressing the new trend to much lower price points. consumers -- not all consumers need specs but a device that performs well for an affordable price. that's what they're bringing to emerging markets. >> but we're looking at slowing shipments, right? adoption rate of close to 100% saturation. >> the growth rate on smartphones this year was 10%

and we are expecting a single digit growth for the next years. so most have already smartphones. they need to go to the top of the range when they can find the same specks for half the price. >> is this going to turn out like the apple nokia story where apple lost share because it went down against apple and tried to reach down to a more cost sensitive market where they got the strategy wrong because people actually aspired to own a more expensive phone. so the story for apple this year was very much how were they doing in china? feels like it's going to be for 2016, how are they doing in china? how do you think they'll fair against the major manufacturers that are bringing a competitive

phone. >> the main reason between nokia and apple and the new brands emerging is they didn't manage to improve user experience. they continue to use them and move and none were able to compete. so they push windows phones to a much lower price point and somehow they succeeded but in a very small size because users were using either iphones and androids and if you're happy why change. >> so the underlying message is still, if you have supporting operating software and an architecture where you can bring more than just the hardware, you have a chance of making good money in 2016 now. >> not necessarily making good money because if you look at most of the players selling

android phones they are not making money. the only company that is making real money is apple. and they are making money because not just the operating system but because the experience they provide and the services they are bringing to the iphone while others continue to focus on hardware specks. on bringing the best cameras to lower price points possible and that's not the way forward. that's why samsung is launching and apple has the apple pay and bringing new services to increase it because the buy is not growing and the only way to grow it is to bring more slices to the pie and that's what samsung and apple and others are doing. while htc or lg or sony are focussing on the hardware only. >> so you're saying it's the

personal assistance? i wouldn't be buying it because i like siri's voice. >> it's not about the voice command only. >> but i'm saying would you buy it because of -- i don't know what you're saying right now is because the siri system? >> this is the reason why people are buying iphones. in the future, in the next year, we are starting to see the first steps of a truly different revolution. it's not about hardware. it's not about the best mega pixel camera. it's about a phone that can perform tasks for you and knowing and helping you on a daily basis on a way you cannot have today. the only way is going to different apps and pay using different steps. manage a service that you simply ask book me tickets for it --

>> that would be nice and easy. >> who do you think is leading that game right now? is it siri and apple? >> apple is investing a lot. google with google now and even other companies like facebook or amaz amazon. it will be about what the phone can do for you in the future. >> thank you very much. >> they're mourning the loss of lemmy. the frontman of motorhead died in los angeles on monday. four days after turning 70 and two at as after learning he had an aggressive form of cancer. he was known for his mustache and the moles on his face and

was deeply revered for his music from his four decades with motorhead. best known for their anthem "ace of spades". >> i'm not familiar with "ace of spades". >> you're not? >> how does it go? >> i can sing it but he growls it mostly and there's a very, very fast guitar rift that runs through it but lemmy was a base player. i think he tried lead guitar but six strings too many. >> not his thing. >> so he went to four and seemed to be natural. >> there you go. if we're on the topic of celebrity, the question today is if he had a choice as to which celebrity would be your neighbor, who would you choose? and conversely who wouldn't you like to share a fence with? u.s. real estate listing site zillow will release it's annual

celebrity neighbor survey today. jimmy fallon taking top honors followed by miranda lambert and blake shelton. they divorced of course. the worst neighbors, justin bieber number one, followed by kimye. you know they merged their names now. just to make it easier. >> yeah. because it's hard to say the two, isn't it? >> yeah. >> anyway, but do let us know if you want to get in touch on that story. who would you choose to live next to and for some staying out of the limelight and hiding their identity is more appealing. the activist group anonymous which has become the poster child for antiestablishment protests using masks of 17th century british rebels to make its point and you can go to our

website for that interview. >> we're going to go to break here on worldwide exchange. 2015 may go down for deals, deals and more deals. the astounding numbers of m&a coming your way after a short break. friends coming over?

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and there are still a few days left to sneak in another deal or two. let's get out to landon dowdy at cnbc headquarters to talk more about this phenomenal year. >> good morning to you. that's right. the data is in and it shows 2015 is a record year for global mergers an acquisitions. the number of announced deals topped $5 trillion for the first time. that surpasses the previous record of 4.6 trillion in 2007 although if you adjust for inflation that becomes 5.3 trillion. in today's dollars, about half of the activity targeted u.s. companies. it came from the asia pacific region with the deal there is topping $1 trillion. the health care sector leading the way. up 60% from the last year. now it's followed by tech with volume doubling $713 billion.

the four largest tech deals ever were announced this year. the top ten deals include some big names such as pfizer, allergen, sab miller and dupont. nine are still pending approval. it's been a goodyear to be a financial advisor as well. goldman sachs, morgan stanley, and bank of america merrill lynch had the highest volume ever with each topping $1 trillion but experts say this may raise a red flag since the previous m&a record occurred in the year before the financial crisis and it very often signals the end of a bull market. back to you. >> that's the big question, isn't it? are we at the end or are we in the middle of the deal activity at the moment. i just wonder, you know, the guys that look at the crystal balls, what are they telling you about expectations in sectors for 2016? >> you know i think that's

definitely going to be one to watch. a huge deal with pfizer. $160 billion is still spending. we still have a couple of days of the year. we'll see what happen with that. >> landon, thank you so much. now 2015 i would say also the year for m&a activity in asia pacific topping a trillion which is a record amount for that region. up 37% for 2014 and the trend that i found the most surprising was the amount of money coming from japan. the japanese went shopping in a year when they hit 120 per u.s. dollar. they spent it mostly for u.s. assets. >> it's a great question. is japan back. is it business as it used to be? we saw the japanese get lost through a couple of decades as they tried to deal with what that excess leverage that was in the system. the debt workout. trying to get the mojo back after the nikkei fell so heavily here. >> a couple of interesting

questions. are the japanese back and is this m&a in asia pacific going to continue at these levels because we know there's a little bit of pain in some of these economies as a result of what the dollar strength and the fed move on rates. >> right. the tally up is most of these deals in the asia pacific were cross pacific rims so it stays within the region for now. but i just thought it was really interesting. >> let's move on. tesla is ramping up hiring apparently. a few weeks ago the founder and ceo elon musk posted a tweet calling for software engineers to work on the company's self-driving car product. tesla's inbox was flooding. he's only looking for about 100 people but they may add thousands of employees as it opens a new battery factory in nevada; what was the quote in 2015? that apple was a graveyard for

tesla engineers. >> ouch. >> so he's looking for 100 new ones i guess. let's talk about whole foods. whole foods a agreed to pay new york city half a million dollars to settle claims that it overcharged for prepackaged food. they'll also conduct quarterly audits. in june the city tested 80 items and found that they were on each and every one of them. whole foods has often been referred to as whole paycheck because of its high prices. so you basically give your whole paycheck to buy food at whole foods. shares closing down less than 1%. now here are your headlines on this tuesday morning before we get to break. jp morgan hiking a key rate and that follows the fed's first rate hike in nearly a decade. pep boys says a takeover offer from carl icahn is preferable to the deal already on the table

and agreed to with bridgestone and saudi arabia stock market falls after a bigger than expected full year budget deficit.

>> white box advisors is shutting it's mutual funds. they held $300 million in assets and were closed on december 17th and will be liquidated on january 19th. all three funds lost money this year with one more than 20% down. whitebox says all redemptions are being met and it will focus on close to $4 billion that has left in it's hedge funds. among the biggest winters from mutual fund outflows in the year were etfs. >> most investors look at mutual fund and etf prices as gauge of

success, it's the money going in and out that's sometimes a better indicator of investor sentiment. it was another big year for etfs in 2015. money flows in and out of mutual funds. as of december 23rd all mutual funds were 150 billion in outflows and 150 billion in inflows. it's probably a consequence for mutual funds and 150 billion inflows in etfs. this has been going on for years. first active managers have not been able to consistently out perform indexes. second, it's the low cost of owning etfs. the average mutual fund charges 1.4% a year. that is a much lower feed. finally there's the increasing use of etf as tactical investments by traders such as

hedge funds. by the way, they still can't match mutual funds for assets under management. $11.5 trillion invested in mutual funds. but only 2.1 trillion in etf but the trend is still very clear. into efts, out of mutual funds. >> especially with management views at 88 basis points. why not. it's a good bargain in comparison. >> it's still a problem i think, asset allocation and that's the issue here ultimately. if it's in a place you want to be, why not. but if you think you can do it better with a low cost model through the etf that's fine but who makes the asset allocation decision in the first place. that's still you. so one way or the other you're the one that takes the risk. >> isn't it about wealth preservation, though? what are the super rich doing with their money? well, advisors looking for the world's wealthiest. they're forecasting that it's

still going to remain a key theme next year. how do you protect your wealth and how do you navigate the choppiness in the markets? find out just how the super rich plan on investing in 2016. >> a shoe box in the garden or under the mattress. >> yeah. >> so let's take a look at the futures. how are we setting up for the u.s. session here? well, the indication is that we will get some follow through from this more positive start in the european session. so maybe santa will final lay arrive for those that have been looking for conviction rallies through the end of the year. that's the state of the futures. very quickly, do we have a look at the oil price? a quick look? no. can we do that. >> well, the brent price is a little bit higher. there you go. it's an indication of how we're trading on this oil. we have to wrap it up here. that's it for me. >> yeah and for me and we'll do

it all again tomorrow. u.s. walk box coming your way next.

>> tornadoes, blizzards, heavy rain. dozens of deaths, thousands of flight cancellations and delays. now a new storm is gathering strength with more people in the storm's path. wall street news, jp morgan plans to raise deposit rates for its large clients making it one of the first banks to take action following the fed rate hike earlier this month. forget traditional portfolio option. why lego could be a better investment than gold right now. it's tuesday, december 29th, 2015 and squawk box begins right now.

>> live from new york where business never sleeps, this is squawk box. >> good morning, welcome to squawk box right here on cnbc. becky has the day off. we do have a developing story for you this morning. dangerous weather. these are live pictures from our partner at necn. camera shooting from inside a car driving around boston where winter weather is finally hitting the northeast which has been unseasonably warm. we'll bring you the weather channel in a bit. but breaking news out of europe overnight. two people arrested in belgium on suspicion of planning a terror attack there. they found military style training uniforms and isis propaganda material. the officials say it was not tied to the november terror attacks. >> meantime the rest of the