and then we have aig's chief, bob benmosche. he's going to be joining us on set for an extended conversation starting at 8:00 a.m. plus, we have a number of top executives who will be joining us from the new york auto show, including bmw's north american president and ceo. we also have ford executive jim farley. he was rumored to be on the short list to replace alan mulally. now he is charged with turning around the lincoln brand. at 8:15 eastern, nissan ceo carlos ghosn. so, obviously a busy morning ahead. first, before we get to all of that, andrew has some of the morning's top headlines. andrew? >> thank you, becky. that's a heck of a show. >> it is. >> got a lot of big names, so this should be fun. let's talk about the headlines this morning. >>> cyprus is working on capital control measures today to prevent a run on the banks. banks there, they are due to reopen tomorrow. cypriots, though, have taken to the streets to protest the bailout deal with international lenders, and our own michelle caruso-cabrera remains in cyprus

we had great conversations with doug parker and bob benmosche. >> that does it for us today. make sure you join us tomorrow. it's the last trading day of the week. "squawk on the street" starts right now. ♪ ♪ ♪ ♪ >>> good wednesday morning. welcome to "squawk on the street." i'm carl quintanilla with melissa lee, jim cramer and david faber. we got on the dow yesterday mostly on continued worries from europe. more political chaos in italy. the five-year bond yield there the highest since october and take a look at what europe is doing this morning all of those overshadowing the modest gains in asia that we saw overnight. let's get to the road map this morning and it starts with our own markets despite flirting with the record high in the s&p and are we in danger with the quarter end just two days away. >> italy's attempts to form a government fatters once again. no wonder eurozone falters since october. >> this time from credit suisse who moves more than $100 to $942 and the company giving google glasses to 800 contest winners. >> even as it admits it's likely to lose money as

bob benmosche says he's going to make aig great again with the help of big data. >> we want to make suregreat company again, and then we'll worry about whether we're a great stock. we're investing billions of dollars on our infrastructure. we're going to be much more scientific, much more data based. we've gone from 28 major data centers down to two. >> benmosche is not the only ceo spending a lot of cash on big data. joining us now is thomas davenport. he's a professor and arguably a big data visionary. you were one of the first people if not the first person to coin the term and start talking about this back in 2006. is that right? >> i did. i talked about companies that were competing on analytics, and i think that was the first to do that. >> let's talk about sort of the explosion and what's happened since then. it seems like in almost every industry that i can imagine, people are now trying to use this data in different ways. >> that's true. i'd be hard pressed to think of an industry that either hasn't already been transformed or couldn't be transformed by it. and as we get into, y