carl ross is a marine architect and professor of engineering at the university of port smith. good to have you on the program. i know you were saying the ferry sank so fast because of a design flaw. tell us more about that. >> well, most ferries have a design fault in that the deck has to be a wide open space. because of this they don't have longitudinal bulk heads. if you get water on the car deck the ferry will capsize in a few minutes. you won't be able to get the life boats down, preventing an ordinary evacation. if that happens, you need to get the passengers off. >> what you described sound similar to what happened on the debruga ferry disaster when the car desk was left open and the water cascaded in. >> i didn't quite get you there. >> i'm saying what you described seems similar to what happened during the zebruga car ferry disaster in 1987. this seems to be a design problem with most ferries. >> it is a design fault. most ferries have the design fault. the car deck, in british waters, of course, since the world war ii, the number of people who have died on car ferry a

ross sorkin? >> we will try to decide. in the meantime, we have breaking news on ebay. carl icahn's proxy battle just ended.ing of invest ofrs. he separates the company's pay pal business and two nominees. he said i continue to believe ebay would benefit from the separation of pay pal at some point in the future and continue the continue to impress my case. there is a confidentiality agreement. we will talk about that in a second. while john made no commitments regarding such a separation, he and i agreed to meet regularly when he is in new york to discuss strategic alternatives. joining us first to talk about all this and more, john don ho. good morning to you. >> good morning, andrew. >> so it appears that mr. icahn has capitulated. >> i wouldn't put it that way at all. we had a chance to talk more about pay pal, ebay, and more on the opportunity of the company. they see the potential of the company. it is becoming a long term. >> this is the man who pulled you clueless and either in competent or negligent. and now everybody is singing kumbaya. how did that happen? >> i haven't been paying a lot of attent

ross. >> there you have it. join us tomorrow, "squawk on the street" begins right now. >> good wednesday morning. welcome to "squawk on the street." i'm carlcramer, david faber at the new york stock exchange. the news is jam packed today. earnings, china economic data, janet yellen speaks in new york around lunch time. futures are up after that impressive bounce on the nasdaq yesterday. ten-year art cashin calls it the orchestra conductor to the market, the true fear gauge. today it is back up to almost 2.65. europe solidly in the green except for the uk for the most part. our road map w

ross. >> there you have it. join us tomorrow, "squawk on the street" begins right now. >> good wednesday morning. welcome to "squawk on the street." i'm carl quintanilla with jim cramer, david faber at the new york stock exchange. the news is jam packed today. earnings, china economic data, janet yellen speaks in new york around lunch time. futures are up after that impressive bounce on the nasdaq yesterday. ten-year art cashin calls it the orchestra conductor to the market, the true fear gauge. today it is back up to almost 2.65. europe solidly in the green except for the uk for the most part. our road map with the markets, stocks set to open higher this morning after another wild day of trading. the nasdaq was down almost 2% at one point before turning green near the end of the day. what can you do to protect yourself in a volatile market like this? we have answers. >> shares of bank of america down in the premarket after reporting a first quarter hit by well a massive one-time loss, $6 billion, related to mortgage settlements. it wasn't all bad news for the bank in the latest quarter and we'll tell you why. >> yahoo! soaring after beati