. >> let's go to phil lebeau, who has more on the earnings. phil?> and melissa, we're looking at the letter right now, trying to get some perspective in terms of earnings per share. a couple of those points that stood out there, that they did meet the production goal of 35,000 vehicles for all of 2014. including a little more than 11,600 for the fourth quarter. so when you look at their full year results, which we're just getting into right now, it looks like -- and again, you have to pardon us here, because we're just looking at this at the same time everybody else is. as we look at this, a little too hard to say at this point. we're going to digest these numbers, melissa, and we'll get back to you because we're having problems with the update on the page of our computer. so as soon as we get that, we'll be back with you. >> yeah, i mean, clearly this is very different from a normal -- or, you know, the release of a lot of other companies where the numbers are right up front. this is an actual letter to shareholders written presumably by elon musk,

phil lebeau, thank you very much.the dollar rebound after suffering its biggest one-day drop in over a year. the dollar index soaring 1% over the past 6 months and the impact of that can be seen everywhere this earnings season. a slew of u.s. companies blaming the strong dollar. one company riding out the dollar surge is whirlpool, the home appliance maker beating earnings estimates thanks to overseas acquisitions. whirlpool shares over the past year, up 64%. they're up $13 today alone or better than 6%, almost 7%. saraizen ize neisen joins with the ceo of whirlpool whirlpool. >> he joins me by phone from michigan. good to have you on, jeff. how did you manage to do well when other companies are faltering overseas? >> sarah, we did have a great year record year for revenues and earnings. we had a strong fk fk.ourth quarter. one of the critical elements for us was the acquisitions, one in europe and one in china. we did close on those acquisitions in the fourth quarter, midway through. we had a positive benefit from th

phil lebeau has more. >> reporter: the new renegade small suv looks as all-american as any other jeep model. but when it rolls into jeep showrooms next month, few buyers will realize the renegade is actually built in italy. >> most consumers aren't really aware of where the vehicle is actually produced. they're more concerned about the styling of the vehicle, the name of the badge on the hood and jeep obviously carries a lot of cachee. >> reporter: sergio is building the renegade in italy because that's where the company has underused assembly lines. he made the decision in 2012. and it will lead to heftier profit margins for the renegade. here's why. the price they pay workers and local suppliers building the suv in euros, which are trading near record lows. but the renegade will be sold primarily here in the u.s. in dollars. which are surging right now. a price starts at just under $18,000, the renegade is expected to have strong sales. >> this smaller vehicle with a lower price point, it's going to open up the jeep portfolio to a whole new batch of buyers that perhaps live in urban

. >> phil lebeau is live in wisconsin with details. >> i just got off the phone with harry wilson. former member of president obama's auto task force. and he is one person who is out today saying, i should be elected to the general motors board because i represent shareholders. when i talked with harry wilson about his proposal to be elected to the board and have sernl motors buy back $8 million in stock, this is a company that has a lot of shareholder frustration and it's not done a good job. he says by any metric, general motors is undervalued. i asked him about whether or not he thinks general motors is moving too slow in terms of dividends and raising the dividend. he said there's been insufficient speed and clarity of milestones when it comes to repaying shareholders with all the money general motors is holding right now. one last thing. he met with mary barra last week on tuesday the 3rd. he met her at that time to discuss with her his proposal. i asked him if she was surprised. he said, yeah. i do think she was surprised by what i had to say and by my proposal. he also belie

our phil lebeau is in chicago with details on that. good morning, phil. >> hey, carl.s has been the talk of the weekend, whether or not we'll see an apple icard some point in the future. we have talked with sources who confirm there are a number of people at apple researchers engineers now working in what's called project tighten. that would include several hundred apple workers at a secret facility in silicon valley looking at how they can expand apple's auto footprint. that's the key here. expanding the apple auto footprint. remember, it was a year ago that we saw apple roll out car play and with the idea that you can take your iphone and really your apple ecosystem if you will, when you're on the road, whether it's plugging in your iphone and then having it all of your information come up on the dashboard, car play is just the beginning of what apple is looking into. is it possible that apple could build an icar and manufacture a car? we've reached out to the company over the weekend for a comment the company said we do not comment on rumors and speculation regardin

phil lebeau has toyota now. phil? >> the trend continues.better than expected last month. sales increasing 15.6%, just a little bit better than the edmonds.com estimate of increase of 14.8%. so if you're keeping track at home basically looking at all of the major automakers reporting january auto sales increasing at least 13% or 14%. again, almost all of them coming in better than expected. >> phil thank you. meantime new york stock exchange suspending trading of radioshack moving to delist the stock. should mention, at well a penny stock at stock. market cap under $30 million. morgan brennan joins us with details from a radio shack in fort lee. hey, morgan. . >> hey carl, that's right, the nyse has started the process of delisting because the company does not intend to submit a plan to regain compliance with the exchange's listing requirements. the exchange multiple sometimes putting out warning that radio shack needed to get its market capitalization above $50 million on average for 30 consecutive trading days. that hasn't happened. as you

good timing for some but phil lebeau has the story from chicago. phil. >> tyler it's great timing for jeep. what happens when you build a new vehicle in europe where the euro is hurting and you sell it here in the u.s. where the dollar is king? well, we're going to have a nice push to the bottom line. we'll explain when "power lunch" returns. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your family's future we're here for you. we're legalzoom, and for over 10 years we've helped families just like yours with wills and living trusts. so when you're ready start with us. doing the right thing has never been easier. legalzoom. legal help is here. alright, so this tylenol arthritis lasts 8 hours, but aleve can last 12 hours... and aleve is proven to work better on pain than tylenol arthritis. so why am i still thinking about this? how are you? aleve, proven better on pain. >>> talk about exquiz it timing. phil lebeau with that story. hi, phil. >> hi. you talk about great timing. i'm not sure th

back to you. >> thank you very much, phil lebeau. time now for a new weekly biotech segment. stock therapy, soaring since january 30th. let's bring in meg with the details. we already knew this could be a very big year. does this set the stage for more gains here? >> that's a really good question. so this company, as you mentioned, doubled on its first day of trading and it's risen since then. what i'm hearing from investors is that this is one of the few really, really strong companies that we've seen of 2015 so far. there have been others, but this is one of the strongest. and it's interesting to look at the biotech ipo market the last few years. 2014 and 2013 have been so strong. but focusing on sparks, it's in an area known as gene therapy. this is a really new area of medicine and drug development. what it aims to do -- and this company's ticker is once. it's trying to treat and potentially cure disease with one treatment. using a viral vector, basically using a manipulated virus to deliver healthy genes to fix a genetic problem. what this company's focusing on are inher

good to see you. >> phil lebeau lebeau.to mandy for a look at what's coming up on "power lunch". >> hey there. markets have been losing some of the gains but at least they're not totally scared off after what fed chair yellen had to say. we have a five star bond investor will tell us how he is positioning himself and the nasdaq hitting the 15-year high, five stocks powering the index right shut down you be buying them, though, at these levels. the s&p, dow, and the russell 2k hitting all-time highs today. if you are investing with e.t.f.'s, you have to tune in because we have some five star trades for you. two big hours of power all coming your way. now, scottie, back to you. >> all right, mandy. thank you so much. we're going to take a quick break. hey, what's happening with micron today? we'll take a look at why that stock is having some big-time issues, and we're also lacing them up? we have a big debate. straight ahead on hewlett-packard. two traders going toe to toe. we'll do that after this quick one. >> the halftime

phil lebeau is live from chicago with more. phil, numbers good, auto nation up big. guess the read through was going to be good once you heard auto nation? >> right. you look at all of the automakers, they're all reporting big numbers. in fact, within the last five minutes heard from mercedes and subaru both reporting best january sales ever in the united states. mercedes up 8.9%, subaru up 24%. all the major auto makers and what you see here are numbers for the most part were better than the street was expecting. generally we're talking about of increases between 101 and 18%. the big three in focus because big vehicles are what people are buying right now. in particular when you look at jeep, this is a classic case. jeep is rolling right now. january sales up 23%. best january ever for jeep. it goes back a long ways here in the united states. cherokee sales up 44%. by comparison, small cars, they're in the in favor. why are people buying small cars? not necessarily to save money on gas. probably a few people doing that. overall, small cars, their sales were 19% of t

phil lebeau has the latest ahead of tonight's big earnings report. and the head of commodity research at goldman sachs, jeff currie is with us for an exclusive interview and published his top trade idea for the new oil order. and says retail investors, yes, you, may be getting it all wrong. he's going to tell you exactly why. and the traders are feeling lucky. they're buying powerball tickets today and you won't believe what they're planning to buy if they win. we'll tell you next. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> two automakers in focus today. tesla earnings after the bell. investors pressuring gm as well to step up its plan. phil lebeau is live in chicago with what investors need to know for the trade on bo

. ♪ ♪ >>> just last month their own phil lebeau travelled in an autonomous vehicle audi a7. there waving to us. hello, phil. he says it was still sometime away from self-driving cars. some of the opposition may come from automakers. new studies suggest it would decrease auto sales. phil lebeau is live in chicago. explain this why autonomous vehicles will decrease auto sales. phil. >> it has to do with whether we look at vehicle in the future, and we're talking well into the future now. we're talking well into the next decade. past 2030. where vehicles are fully autonomous so they could pick you up drop you off at the hardware store and take your son somewhere and come back and pick you up. that's what they're looking into. the new constituted where i by the university of michigan released today saying we have fully autonomous vehicles on a widespread level. i mean, really widespread, it could potentially cause vehicles per household in the u.s. to drop by 43%. it would drop the number of vehicles in a house potentially from 2.1 where it is right now down to 1.2. the trip per

joining me is phil lebeau.outside of unfortunate incidentings like missiles knocking outs airplanes over ukraine, that aside, the airline industry not investing enough or got not investing enough for down the road? >> the infrastructure needs to be updated. everyone knows that. this is one of the things as if everybody knows what the problem is in terms of congestion and the outdated infrastructure here in the united states when it comes to air traffic control and increasing safety. as much as the faa is working to improve the safety in the air to a certain extents hands are tied because the infrastructure needs are not moving quick enough in terms of that next generation of air traffic control. we saw a couple areas around the country where they bring that in allowing planes faster access in and out of airports, but bottom line is this for years, this industry has been at the heated battle of people saying, yep, okay, let's update infrastructure, bu ç oh by the way, we don't want to pay for it. >> you know if

cnbc phil lebeau behind the wheel for us in wisconsin. phil. >> tyler, they want cash because general motors is sitting on a big pile of it right now. in fact, total liquidity of $37 billion. that's what is interesting to harry wilson. who is harry wilson? you might know him if you are familiar with the auto sector because he is one of the president obama's auto task force members, and when he was doing that he was actively involved in the restructuring of general motors. well now he is representing four investment groups, and today he announced that he is going to be nominating himself to join the gm board. he is representing four investor groups, including three hedge funds. what do they want? $8 billion to be spent by general motors buying back stocks. certainly that would give the stock a boost and has been today. for gm ceo mary barra this represents the latest issue she has to deal with after a year of wrestling with the recall crisis and all of the problems that were involved there. for general motors liquidity stands like this. the

phil lebeau live in chicago. good morning. >> good morning. chilly here along the lakeshore. this might be the thing that you need to keep yourself warm while driving. this is the new model-s p85d edition. the p85d was essentially marketed as a performance version of the model-s, and that's what it is but it also has better performance than the original model-s when it comes to driving in the snow. took it up to wisconsin. we put it on the roads and through its paces. let's me tell you, everything that you want in a vehicle in cold weather is there. the p85d by the way, went on sale end of last year starts at $105,000. they're hoping this helps them crack the code in terms of electric vehicle sales in northern states. about a quarter to a third is the estimate in terms of tesla sales in cold weather states. they're hoping that this will help them increase that as it rolls into tesla galleries, as they say, and people looked at it. big focus with tesla is the fourth quarter earnings after the bell. in particular, what's happening in china. now,

phil lebeau has what's going on now. over to you, phil. >> gm is at least looking at the options in terms of how to respond to harry wilson representing four activist funds looking for general motors to tap into its cash horde. there was a report today out of rioters they have both been retained by general motors to advise the company how to respond to the request from mr. wilson, that he joined the board, and general motors buy back $8 billion in stock. remember, at the end of the day, this is all about trying to get into general motors' $25 billion in cash with -- with which mr. wilson said it's silly to have that much of a cash cushion on hand begin the fact you have costs stripped down so you break even in a market of 10 million vehicles being sold. right now, 17 million vehicles will be sold. shares of general motors against tesla in three months. this is, by far, the most interesting chart of the day. people look at gm it's done nothing. well, it's done something over the last month and a half, and in particular, ov

phil lebeau is behind the wheel for us.il. >> reporter: tyler it is the folks with the best credit rating right now who are doing the most borrowing when it comes to auto loans, at least they were in the fourth quarter according to auto motives which looks at borrowing, tracks it showing us the american consumer. what we saw in the fourth quarter is a record number of auto loans that were taken out and the total number of auto loans that are open right now, almost a trillion dollars. it's up to $886 billion in the fourth quarter. the strongest growth in terms of percentage coming from super prime borrowers. lateness, people ask about this they remain low, and, in fact when you look at the sub prime borrowers, they are just not seeing the amount of growth that many people have been speculating about. >> analyzing the data really does, you know, debunk myths it's growing in the sub prime space. we see growth across all, and we see that the market is performing well across the spectrum. >> let's look further at the question of

phil lebeau keeping an eye on that story for us. hing that southwest has imposed on themselves, or is someone imposing this on them? >> well let's be clear, mandy. the grounding of these planes which happened on tuesday because they missed routine scheduled inspections of rutters, that has essentially been lifted, and most of those planes are flying again. the faa told southwest airlines look you can take these 128 planes. you can continue to fly them. slonksz they do their inspections within the next five days. poom are saying what's going here? they weren't inspected. should they be able to fly. this would be routine inspections. it doesn't mean the faa says it's okay to blow them off. they're set to happen within a certain time period, and when it doesn't happen within that time period, if the faa finds out about it they will tell you to ground your plane, and in this case the faa has told southwest airlines some of these planes most of these planes can go and continue flying, but you have to do these inspections within the next f

phil lebeau joins us with breaking news on tesla. phil?and simon, some of the headlines are coming to us from reuters citing an internal memo in which elon musk apparently wrote that if there is not a clear path to positive results in china, that there may be a shake-up of executives for tesla in china. reuters also says that the sales in china last month just 120 cars. of course, tomorrow we'll be getting fourth quarter results in tesla and at that time when we get the fourth quarter results, we'll find out just how poorly tesla did in china in the fourth quarter. elon musk last month in detroit said we had really poor results. that's the tesla side of the story. by the way, that stock up just a little bit in trading today. now, let's shift gears and talk about general motors because this has been the talk of the auto industry today and the fact that you now have a former member of the auto task force aligning with a number of hedge funds saying we need some of the cash that general motors is sitting on right now. harry wilson who was a m

phil lebeau shows auto loans are booming.sk is the loans will be subprime loans that could go bust. >> scott wapner with cnbc business news. >> here's what's happening at this hour. russia started supplying gas to rebels held eastern ukraine after kiev temporarily suspended deliveries because of infrastructure damage due to heavy fighting. >>> france won a confidence vote. they teemed up with conservatives to demand he scrapped business ventures. >>> egg and meat lovers listen up u.s. advisory health panel has decided to remove warnings about dietary cholesterol saying there is no link to dangerous levels of cholesterol that cause heart disease. >>> expensive suit that india's prime minister wore when he met with president obama have been roundly criticized because his name was stitched in gold pin stripes. it cost $16,000. opposition leaders say he should be helping india's poor instead of wearing expensive close. "closing bell" back after this. i'm looking forward to. for some every dollar is earned with sweat, sacrifice, c

phil lebeau is live in chicago. he's been testing out insane mode all morning long. phil. >> hey, carl. we're going test it out again live with you in the car. this is the model sp 85d. essentially what you get here is the performance edition of the model s. when they rolled it out everybody said that's great for performance edition but there's a side benefit and that boog th being that this is a vehicle that does well in driving in the slow and cold weather. so you know i've lost ifb so we will make this go as long as we can. if you have to cut out you have to cut out. video of us driving yesterday in wisconsin. bob pollic my photographer is in here right now and we're going to give you a sense of what also makes this car stand out. and when you look at the control panel here, see this right here. acceleration mode. is it in sport or insane? what we're going to show you is what happens when it's in insane. loop around this way. we're going to hit insane. we're sitting still right now. here we go. there you go. little 0 to 60 in 3.2 seconds, a taste of how quickly th

let's bring in phil lebeau. about this, adding it up over the last 12 months, you have the two malaysia airlines, an air asia crash as well. is there something different about the training, about the procedures, the safety procedures or maybe even the aircraft that's different, maybe not as stringent in asia that is causing this or is it really coincidence? >> some of it is coincidence and some of it is shining a light on the air safety questions that swirl around certain countries in asia. having said that, mandy, a bigger problem is that you're seeing an explosive growth in the number of startup airlines, low-cost carriers in southeast asia. the problem is, there's already a shortage of pilots worldwide. so you're looking at crews that don't have as much experience being put into planes. that's not just in asia. that's around the world. you have basically a system that's more stressed than ever before. so it's too much of a jump to say it's not safe it fly in asia. i wouldn't say that at all. because some of t

phil lebeau joining us with the latest sales numbers. the only reason i pushed back on this is because everybody says it. whenever somebody -- when everybody says the same thing, you sometimes have to think the other thing, car sales are have been rising for five years. even as oil prices have been rising for five years. >> well, let me clarify something because i think what you are getting is only part of the headline out there. i have yet to come across anybody in the auto industry or any auto dealer who says low gas prices are fueling overall auto sales. what they are doing, brian, is changing the shift or the mix of the type of vehicles that are being bought by consumers. let's be clear here. gas prices have never driven sales overall. what they do is impact the type of vehicle that's been bought by the person going into the dealership. let's take a look at the numbers for the month of january. these numbers are coming in better than expected. general motors, ford, nissan, chrysler, they are all generally speaking better than expecte

phil lebeau joining us with more. regarded report that come out every year. people like to say where are we on this list, and how are the american automakers doing relative to their foreign competitors? a couple of things stand out. the tesla came in as the best overall vehicle for the second year in a row. finally, mercedes benz struggled in this latest report from consumer reports. we'll talk more about that in just a little bit with mr. jake fisher who is the director of auto testing for consumer reports. he joins us live from washington d.c. jake, let's start, first off, with what we're seeing on the positive side. specifically buick. the only american brand in the top ten auto brands, and the first time you have put an american brand in the top ten over the last three years. what stands out about buick? >> well general motors is turning itself around, and buick has been leading that pack. they're making really nice vehicles to drive, and they're improving the reliability too. i'll get emails. they'll say this guy

cnbc's phil lebeau is live in chicago with more. hey, phil. >> hey, scott.eresting conference call last night because elon musk, even though it was a rough fourth quarter, was very bullish in terms of his projections for tesla, not only over the next two or three years but looking further out. there are many hurdles that this company has to overcome and this is really what a number of people are focused on today. those hurdles are one reason that barclays is out with a note just a few minutes ago lowering its price target for tesla from $200 a share down to $190. some of the hurdles they have to overcome, china sales. it's not enough just to say we have people in there given the wrong advice about the difficulty of recharging. that's the world's number one auto market. tesla has struggled for more than a year to get it right and even though elon musk says it's not an insurmountable problem it has people wondering how long will it take to get it right. the model x launch coming in about six months. by all indication that should not slip any further. then ther

my colleague at cnbc phil lebeau reporting someone says they're going to build the hyperloop.ou may recall, an idea from elan musk a five-mile test track near highway 5. in the middle of nowhere. cost $100 million for the tech track. three companies of proposing to build the track. this is the first that stead will. yet again, high-speed transportation in the middle of nowhere. >> yeah, the middle of the valley. >> how fast do they go on the hyperloop? >> something like 750 miles an hour. it's transsonic. so -- pretty fast. >> thank you very much, 6:57. >>> final check of the day's top stories on this thursday morning. u.s. intelligence confirming the identity of jihadi john. seen clutching a knife in numerous isis propaganda videos a actually named muhammad emwazi. >>> and bay area congresswoman jackie speier unveiling new legislation today to stop children from eating those laundry detergent pods. if the bill passes the packets would have to be changed within the next year and a half. >>> just announced, giants buster posey, the new face of mlb. posey edged out david wright

you look at the car sales, the numbers from fill phil lebeau, the charts. >> this correlation betweenntinues, yes? >> we need stabilization. we talked about it over and over again. pete is talking about volatility at 63. that means we're not stable yet. >> have a great rest of the day. stay tuned for "power lunch." it begins right now. >>> "halftime" is over. "power lunch" and the second half of the trading day start right now. >> scott indeed it does. thanks very much. two american auto icons, ford and general motors, both companies trading higher, especially gm. ford ramping up hiring to build its aluminum f-150 truck. gm, good news for investors, hunting for yield, dividends moving. choppy waters for shipping stocks. baltic dry index dipping now to 30-year lows. we have dry shipping stocks that have been rallying recently. why? and should you buy

. >> although on a technical level, i was going to bring this up with phil lebeau, every car is consideredn suv, the rogue, everything is an suv so of course they will go up. let's talk about the luxury market, all the oil millionaires and billionaires in houston. are you seeing a drop-off on the luxury side or does that continue to outperform? >> well, that's still strong. of course, december is a very very big luxury sales month historically. it was huge again. but again, in january, through the end of the month, no change in the sales patterns even here in houston. it could be coming but we don't have any data points to show that yet. >> you have dealerships and franchises around the world. i see here looking at the breakdown of your recent earnings, you bought three bmw mini dealerships in the uk, you divested for fiat and three renaults. where going forward would you focus your purchases if any in terms of brand? >> the luxury brand business is always the best. but we seem to do quite well with brands like toyota, honda, the japanese brands. i have to tell you, our gm business is stro

listening to phil lebeau report these january auto numbers but auto nation, that's a historic high fort. they had great numbers across the board. this is the biggest new car dealership in the united states and the numbers were up across the board. phil has been talking about all the great numbers this morning on the other auto companies. gm up 18%. honda had great numbers as well. gm trucks were up 42%. really terrific numbers overall. see up 2% and 1.2%. we've been holding our gains today, carl, up 140 points right now in the dow. back to you. >> all right. bob, thanks a lotp. back to guy. good to have you back. >> thank you. >> talk google and uber. >> yes. >> look a lot alike this morning. according to bloomberg google working on its own ride sharing service and google has told uber about the project since it invested over $250 million in the company and got a board seat in '13. uber set to open a new research center to explore technology for self-driving cars and google is moving into as well demoing new technology within the past month. raising a lot of eyebrows, guy, what do you

as opposed to, you know, our reporter, phil lebeau was saying, maybe apple wants to own the dashboard. that's a completely different business model than build a car. >> sure. i think today's article they kind of leave it open. >> right. >> for interpretation. clearly car play they work with 30 different oem brands right now in the auto market. i think they're hinting the team is becoming so big now, ambitions of 1,000 people on this team, they could get involved in the auto market, itself. steve jobs had a love for the automobile and i think there's always been this thought out there maybe this is an area apple can change. i think if they can change it, that's exciting. if they leave it as is, it's not. >> brian, good to see you. thanks for coming. brian white. what do you think? >> let's change gear on the car things. apple car, i mean, that's not my gig. but let's just -- american express topped out in july around 96 bucks. down about 20% since. why do you bring up american express? wel well, the costco announcement last week, obviously costco is moving away from axp. start to conne

. >>> key deadline reached in the general motors ignition recall saga and our own phil lebeau joins usguest. we're getting snow. you handed it off to us, i think, phil. >> thank you joe. we are joined by ken feinberg who is the administerer of the victim compensation fund. the deadline was saturday night at midnight. let's go over the final numbers because you did have a rush of people at the end who said i think i have a claim against general motors. what are the final numbers? >> well so far we're still counting them. they come in all of these programs as you know. you get a rush at the end. so we're not -- the numbers aren't yet final, final. we'll know in about ten days. but we received 4180 claims. now, of the 4180 claims that we've received we've already noted that about 3,000 of them are either ineligible deficient, they send in a photo or a police report that doesn't say very much. or nothing. about 1500 claims have no documentation at all. on the other hand we have authorized payment for 51 deaths and about another 70 or so physical injuries. >> when you look at how much this

cnbc's phil lebeau is in chicago, the windy city with more. phil? >> hey, andrew here's the key.ersion of the model-s. the p 85-d dual motors rear wheel, front wheel, not only allows for greater performance, especially those who like a sports car but better performance in the snow better traction, even with 19-inch tires on the vehicle here. yesterday we had a chance when we went up to wisconsin to see how the p-85-d handled drive in snow. to be honest it did fantastic. in fact we had no problems at all. probably some of the best driving as far as sedan goes that i've ever seen in a car. so when we're in this vehicle yesterday, the question came up how does tesla do in cold weather states? the company does not break down its sales specifically by states or regions but i've asked around in the industry and the general feeling is probably a quarter to a third of their sales here in the u.s. come in cold weather states. they're targeting growth beyond california, which clearly is the largest market for tess ta. the p85d all about expanding sales. tesla's reporting fourth quarter and

phil lebeau will join us next.michael powell will weigh in on net neutrality. and then we reached out to millennials millennials. they tell us they are watching and investing. we'll tell you where they're putting their money to work when "squawk box" returns in just a minute. e financial noise financial noise financial noise i love my shows, but i can't just sit around all day. that's why i have xfinity. their cloud based dvr lets me take everything i recorded, anywhere i go. which is perfect for me, [whispering] because i have responsibilities. ...i mean that's really interesting, then how do you explain these photos?! [people gasping] objection your honor. sustained. with the x1 dvr library you could take anywhere, xfinity is perfect for people on the go. >>> welcome back to "squawk box" this morning. take a look at futures see how the market is etting itself up this morning. a dow would open up higher about 7 points. the s&p 500 unchanged for now. joe? >> yes andrew? >> what's going on? >> oh. >> it's your turn.

phil lebeau joining us with a first on cnbc interview. >> thank you very much.dirk albern who runs the hyperloop transportation technologies team announces this deal. tell me about the deal and really when you expect this hyperloop, this five-mile stretch, to be finished? >> so, quay kwally is supposed to be breaking down in beginning of 2016 when we start working on our development, so we will be starting ground at the same time. at this moment we expect to be 2018. >> dirk, the big question is, it's going to cost you $100 million to build this five-mile stretch. where are you getting that money from? >> so, our company has announced we're going to do a public offering at the end of the year. the reasoning behind that is actually that our whole company is crowd powered. we want to make sure that the people that have been helping building the company and this technology, are able to participate in the investment in the fund-raising of the company. >> right. but you're looking for $100 million, at least for that ipo, later this year. this five-mile stretch is goi

a special report from phil lebeau.rom america's largest auto dealer autonation. >>> plugging oil prices the sliding ruble forcing to prevent collapse. william brouder is going to join us live. >>> vaccinations becoming a flash point. we'll cut through the rhetoric and bring you the facts from a special disease expert. >>> live from the beating heart of business, new york city, this is "squawk box." >> welcome back to "squawk box" here on cnbc first in business worldwide. i'm joe kernen along with becky quick and andrew ross sorkin. dow gained about 200 yesterday. fair value down about 13 up 60 on the futures. the s&p has called up 11. in the nasdaq indicated up almost 18 points this morning. and this is all happening with the backdrop of some firming in the energy patch. >> there it is. we are watching oil prices this morning. take a look at what's going on. now up 11% over the last two days. among the catalyst for the increase in prices pointing to energy giants cutting expenditures and reducing rig counts. large part

phil lebeau joins us with what he's hearing.m. >> it would be exciting. on many levels, michelle. but let's keep in mind that apple's entry into the auto arena has happened for a number of years. what we've been able to confirm is that apple has been ramping up its work in this area. with project titan. there are several hundred workers at apple, researchers, developers who are working at a number of areas as apple is trying to expand its footprint. remember, a little over a year ago apple introduced car play. at the time it was introduced as a way for a number of manufacturers to sell to their customers and apple also selling a way for you to take your apple universe, if you will your own apple universe bring it into your car. there you see an example of how it works. it has not had wide spret adoption yet. part of that is it's still being rolled out with a number of manufacturers. the other question that has come up over the last several days is would apple want to manufacture a car? a lot of this talk is stemmed from the fact

cnbc's phil lebeau is in chicago with more. >> this report is from senator markey out of massachusetts. he's saying these cars need to be much safer. all of this centers around a report that was done yesterday by "60 minutes" in which they showed darpa engineers from the u.s. department of defense how you can hack into a car. the darpa engineers were able to show how when they wanted to stop the car, they could not stop the car, or when they wanted to accelerate, they could not accelerate. today senator markey issued two comments. first being drivers have come to rely on these new technologies. he's talking about whether it's autonomous features or whether it's wireless features. but unfortunately, automakers haven't done their part to protect us from cyber-attacks or privacy invasions. he goes on to say, new standards are needed to plug security and privacy gaps in our cars and trucks. now, we reached out to the american automobile alliance, which is basically the trade association for all auto manufacturers here in the united

thank you so much phil lebeau. >>> well power lurching is back in texas. what does low oil mean for the local economies? better take it to a restaurant with prices get this, that are set by oil. stay tuned. know that chasing performance can mean lower returns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today. >>> continuing the slide after costco ended its 16-year relationship with the car giant. a costco exec is telling dow jones that the decision came down to costs and saving money for their customers. also, this morning bank of america and merrill lynch downgraded mx to underperform. it cut its price target to $78 a share. it was $109. mx shares are now down a total of 9% since that news broke. back to you. >> dom, thank you very

of course gm and news of potential dividend phil lebeau points out, 20% would take that yield to 4.3.. competitive with ford. reminds me have you much of the late '80s when ford and gm competed with ear to have high dividend. we forget how companies generate a lot. >> dividends clearly very important and in the case for many stocks. i think of at&t at a 5.5% yield now. >> downgraded. >> downgraded to bbb plus at s&p. talked about free cash flow percent used up in paying dividend and fact acquiring and not to mention how much at&t spent on the auction -- >> but what did dish do? if dish has done nothing but go up, since i met you, seeing price targets that are insane. >> since i met you? known each other 18 years. was there even a dish then? yeah going up since we started talking about, it's been going up. >> it's not done. >> still don't know the answer on dish. many many people speculating the strategy. as much spectrum as t-mobile. not a wireless company. >> i know. smucker, we have not mentioned yet. almost a $6 billion offer for big heart pet brands, maker of names you probably kn

phil lebeau has more. >> a lot of commentary of people saying did they have a bad fourth quarter?k at the numbers and you will say, doesn't seem extreme. well also keep in mind that from the perspective of a lot of investors they were expecting tesla to at least meet the delivery goals for 2014. but when you look at where they fell short in the fourth quarter it's pretty clear. deliveries below expectations. 1,400 fewer than what they were guiding to originally. there were ere l also higher costs involved as the company ramps up or begins to production of the model x in addition to new features being built into the p 85 edition of the model s and yes there was a strong dollar impact. keep in mind that tesla has a fair portion of sales over in europe and that's where you're most impacted because of the dollar euro divergence if you will and china. now, elon musk said look we had the wrong sales team in this there advising people that it would be too hard to charge in the country and we think we have mixed that. finally, the commentary of elon musk getting the most play today is whe

oh, i'm sorry, we've got phil lebeau. we have the aggregate number now. ny cars and trucks did we sell in january, phil? >> bill the sales pace according to auto data 16.66 million vehicles. that is greater than many were expecting. yes, january is a low volume month, but 16.6 million, that is better than many were expecting for a sales rate last month. back to you. >> good stuff there. thanks, phil very much. now, where were we? here is the dow for the day. we were in rally mode right from the open this morning. sideways for a while and then it took off in the afternoon session here especially that last hour and up 294 points. much of this fueled by the rally in oil. very impressive rally for the price of oil. we've all highlighted the fact that just last thursday we were at an intraday low of $43 and change on wti, and here we are today already back to $52 and change. we're off the lows of the social after the settlement here. it's come down but still a healthy gain of 5.7%. i was just seeing up on the board there, even with this rally in oil, transporta

hey, that's phil lebeau. >> you know what the performance version, guys performance version is a big n terms of what you are getting compared to the standard model s. >> very cool stuff. phil, thank you very much. melissa, see you in just a second. right now let's set the menu for the rest of power lunch on this wednesday, february 11th. one fed president lashing out at the fed. it's causing a big controversy many monetary policy circles. that's on deck. plus a new kinder gentler, corporate policy, maybe upon us here in the usa. this review season. does nice really work? president obama and staples, the retailers square off. angry words exchanged? it is over all hours and the future of american business. more power lunch. >> hi i'm sue herrera. breaking news right now concerning ukraine. as you know there have been some peace talks taking place in minks as they try and come to some resolution in the conflict in ukraine. right now we are hearing from a ukraine yan delegation source that there seems to be some progress in the talks. basically what is happening is the four leaders are pl

. >> phil lebeau is sitting right behind us.ruck engulfed in flames near camden, new jersey. it was carrying 9,000 gallons of gasoline. lucky nobody was hurt. if you're on the radio, it's a gigantic fire. remember the images from a train explosion in west virginia last week. the federal government predicting trains carrying oil or ethanol will derail an average of ten times a year for the next 20 years. that would be $4 billion in damage if it happens. so there you go. that's going to wrap up this hour of "power lunch." melissa lee, i guess we will see each other tomorrow. >> i will see you tonight on "fast." you heard of the super bug cre claiming lives. we have the ceo that was one of the only drugs out there battle cre. >> "the closing bell" starts right now. >>> and welcome to "the closing bell." i'm kelly evans over here at the new york stock exchange. where are you, bill? >> let's see. i'm where it's a lot colder. i'm at cnbc global headquarters in new jersey. stocks backing off the highs just a bit today. we continue to k

phil lebeau is here with the details. , these are much better than many people expected in terms of fourth quarter earnings. general motors reporting excluding items $1.19 a share for fourth quarter. that scharcompares with the street estimate of 43 cents per share. the street was expected 30.4 billion. $2.1 billion adjusted. that's what they made in the fourth quarter. up 20% chaired to 2013. why the bead. part of it can be explained by the lower test results when you factor in the recall expenses there. cash at the end of the fourth quarter, $25.2 billion. operating cash flow better than expected coming in at $3.8 billion. $2.8 billion is what it was at the end of the quarter of 2013. becky, pay attention to this remember your interview in davos with carl bass saying give us a bigger dividend. it plans to ask the board to raise from 36 cents a share that would bring the dividend deal up 3.4% than where 2 is at 3.5%. again, they plan to ask the board. that means the board is likely to go ahead with this raising up to 36 c

we have a wonderful buick story from phil lebeau.he buick made the top ten of "consumer reports"." we also have the story about the fbi has put up a $3 million reward for a russian hacker who released the game over zeus botnet which steals 34u7bmoney from people's bank account. the fbi is looking for you, and if anybody knows where he is there's $3 million coming for you from the fbi. >> that should do it. that's quite an incentive, allen. anyone here drive a buick? >> i have always thought that was one of the ugly duckling cars. >> that's what we're saying. >> i'm very impressed it would move up the food chain. >> there is your next rental car. >> i'm looking forward to that. >> when the wwe launched the net wook a year ago, capacity issues made it appear it would be pinned to the mat. up next, i'll enter the ring with thec fo of the sports entertainment giant and from wrestling to waffles, the waffle house getting into the home delivery business we don't expect the chain's renowned breakfast treats at your table. we'll give you the

tesla posted a loss in the fourth quarter that was well short of what analysts were looking for, phil lebeauing were the dlirrydlir ry -- delivery numbers. >> yeah. they were coming in shy. you will hear the bulls trying to come out saying look at the future for tesla. that's what you want to be focused on. when you look at 2015 tesla gave its guidance of 55,000 vehicles being delivered this year. a little bit more than people were expecting. by the way, if they delivered nothing in china, they'll still hit 55,000 this year. that's a 70% increase compared to last year. we're going to get the model x in about late summer. i want to show a chart comparing tesla shares versus apple shares in the last four years. the reason i want to show you this is last night during the conference call, one of the questions raised was how do you value tesla five years, ten years down the road. and elon musk said i can see us getting to apple's current valuation which is $700 billion. here's what he had to say. listen closely to his justification. >> if you take this year's revenue around $6 billion or thereabo