sigh simon hobbs looks at how this changes the global travel industry. >> reporter: orbitz is one of the smallest industries and would have struggled against the growing market of expedia and priceline who spent billions on advertising a new technology. so as the saying goes if you can't beat them join them. expedia already boasts 13 major brands. $1.6 billion in cash expedia ceo debra kor rashahi can add ebookers and hotel club. those four he said will be much more profitable once he's cut $75 million in cost and gives them access to expedia's big stockpile of hotel rooms for sale. >> we've got one of the broadest inventories out there and we think the complement to the bank program, we think that's a terrific combination. >> reporter: the c.o. bonnie is well respected. he's reinvigorated the business with better technology and a private label business essentially running the back office for ad hoc sites like amax travel but ultimately without the power of expedia and priceline to fit in reality for business he went for a trade sale. >> people try to write us off in the past but i t

world probably in the next few hours and days in europe as we await the outcome of the meeting, simon hobbs approaching crunch time for the greek. a hesitation, prabs, on buying stocks at the moment as the finance ministers gaths gather to confront the greeks. people hardening their positions going into this. saw the greek prime minister last night in the speech suggesting that it was little greece playing a bigger role in europe now and, of course, wolfgang schaeuble, the german finance minister say it's over for greece if they don't complete on what's the agreement that's already on the table. this is the picture in brussels a few moments ago as those 19 gather along with, of course, the head of the ecb and the head of the imf. deutsch bank doesn't feel close enough for them to midnight to do a deal. there isn't sufficient stress in the market to push them together. as far as the greek banks are concerned we're in negative territory. the banks going up and down, small market caps, fitch and s&p have warned on their liquidity situations as a result of potentially people withdrawing further

simon hobbs here wrapping up what we think we know right now into take a look at this rally.his is a good rally across europe. often times we talk about southern europe how that's influencing policy. today it's coming from this side, from russia, with a deal they did on ukraine, minsk, you see the russian stock markets doing well and sweden, unexpectedly cut rates into negative territory. they have their own currency and they do a quantitative easing, $1.2 billion of public bond buying. that's kind of fed its way through. show you individual issues on that. the russian placement, we spoke about not just russia but ukraine, exposed to central and eastern europe. metro the german retailer, karlsburg, you know, and adidas have rallied and swedish stocks have done well today. in fact, we are at a record high on the swedish index on the surprise cut in interest rates. ericsson you'll note, one of the builders i was going to say insurers there, the other thing, good earnings in europe. credit suisse has rocketed today. up 9%. r renault, and so the focus turns, of course, to greece.

simon hobbs.hinese smartphone maker chi xiaomi moving into the u.s., and kara swisher, her interview with the president of the united states. "squawk alley" is back in just a moment. introducing... a pm pain reliever that dares to work all the way until... the am. new aleve pm the only one to combine a safe sleep aid plus the 12 hour strength >>> i'm bertha coombs and here's your cnbc news update at this hour. greece and its international creditors have begun talks to keep the country financed. greece says it will do whatever it can to reach a deal with the eurozone. greece's current bailout program runs out on february 28th. >>> here in the u.s. import prices fell 2.8% in january the biggest drop in six years. export prices tumbled 2%, the biggest fall since october 2011. the national highway traffic administration says a record 63.9 million vehicles were recalled in 2014. that's more than twice the previous record set in 2004. coming up on "power lunch" brian sullivan is in texas drilling down o

simon hobbs is back at post nine joined by a special guest. >> yes.'s check in exclusively with ceo arne sorenson who joins us from headquarters in maryland. welcome back to the program. >> thanks very much. great to be with you. >> before we go anywhere i want to point out last two years your stock price doubled. look, you're obviously come through with guidance and a quarter that's impressed a lot of people. we can see that in the fact that stock has made further gains. what interests me you say actually the last quarter saw slowing demand on where you were for the three quarters previously but you think that will reaccelerate this year. can you talk me through that? >> well, i think we've just got a very steady growth and it's really two things. it is our same-store sales, we were up about 7% for the full year 2014. you're right the fourth quarter was weaker but at 6.7. more or less the same kind of number. the it was the fourth year of same strong same sales growth. our guidance was 5 to 7% but that's a good number to lay out at the beginning of t

simon hobbs is back. david faber. take a look at the markets. red once again for the year down about 45 points. s&p 2053. oil up for the third straight session on this new forecast out of opec. >> let's get to our road map this monday. treasury secretary jack lew sitting down with our own steve liesman for an exclusive interview. find out what mr. lew thinks. >>> plus, president obama meeting with german chancellor angela merkel today. we'll get a live report about what to expect. >> major volatility hitting the internet stocks in recent sessions. we'll tell you which ones you should be watching and buying now. >>> and coming up a little bit later, don't miss our interview with jim stewart, who actually took "iron chef" winner and celebrity chef geoffrey zakarian to mcdonald's. find out what he thought of their food and what advice he has for the fast-food giant when they both join us live here at the new york stock exchange. >> so we open the session with weak data out of china and worries over the potential that greece might exit the eurozone.

i'm carl quintanilla with simon hobbs, david faber at the new york stock exchange. close to 5000 yesterday. still crawling back a little bit here. dow's down about 43. s&p's giving back almost 7 to 2106. oil having trouble getting out of the gate. >> here we go. the road map for the next 60 minutes the nasdaq inching closer to 5000. s&p racks up big gains for february. we'll have more on how you should play the market action. >>> retail index seeing a 9% rise over the month. find out which names you should be watching now. >>> and apple's market cap makes it worth more than all of mexico. can it really keep growing at this pace? we'll talk to tom mcclelgen about that. >> jason chaffetz the chairman of the fcc refused to of it before a congressional hearing yesterday which sought to learn more about the fcc's net neutrality rules. of course as the fcc gets ready to vote on the rules today. congressman chafe fets will join us live. >> the chart, worth pausing and marking that just for the month of february the market has risen by almost 6%. not a great open today but

simon hobbs.ies, unicorns once considered rare, now there are more than 70 different businesses in the billion dollar club. how many are actual overvalued. more as the dow has erased a triple digit loss on the back of boeing up almost 3%. back in a minute. if legalzoom has your back.s, over the last 10 years we've helped one million business owners get started. visit legalzoom today for the legal help you need to start and run your business. legalzoom. legal help is here. >>> i'm bill griffeth. your news update at this hour. the obama administration saying it's going to create a special enrollment period for uninsured tax filers unaware they could face penalties for missing the february 15th enrollment deadline. about 800,000 filers were affected by that. 20% of those on healthcare.gov. another pay cut for a ceo this time it's citigroup slashing chief executive michael corbat's salary. a year in which the banks profit was cut in half due to higher legal costs and a slump in the bond trading market

i'm simon hobbs in for bill grific. >> i'm sara eisen in for kelly evans. we're at the session high. hopes of a deal with greece and its creditors are taking stocks higher. more than a triple digit gain on the dow. >> absolutely. 143. investing legend bill miller telling kelly evans yesterday he expects a fed rate hike in june. today a top analyst says miller has the june part right but it won't happen until june of 2016 one year after this market believes it will happen. he's here to explain why he thinks first move from the ned won't come until then. >> and union battles are percolating across america. the port slowdown out west and the governor of illinois blocking unions from collecting fees from workers that benefit from union deals but are not actual members of the union themselves. we'll talk to afl-cio boss richard trumka. he'll join us exclusively with reaction. >> basically, if you look at the broad market it brings us positive for the year. dow currently up 140 points. session highs give or take a couple. s&p 500 2,067. and the nasdaq up 1.25%. j

sim mon simon hobbs will be back on set in a moment.alking dow component cisco as well as tesla and, of course, whole foods. here is how we're finishing the day up on wall street. it was a choppy one today. the dow ending the day pretty much flat. down less than ten points. the s&p 500 also unchanged on the day. the nasdaq an outperformer throughout the day. apple going higher and the nasdaq finishing the day up 0.3%. let's get straight to it with today's panel. stephanie link nathan bachrach from simply money. our own kate kelly and "fast money" trader guy adami from the nasdaq. so guy, this was a choppy day and it turns out we ended with barely a move on the dow and the s&p 500. are you worried about greece? >> i think you have to be. if you're not worried about it i think you're just burying your head in the sand because if things go pear shaped there, you have the trickle down with portugal and italy. so, yeah i think you have to be worried, but, you know, you have to also respect the resilience of the broader market. the s&p had ev

. >> europe about to close bring in simon hobbs at post nine. >> one week from tomorrow the european central bank will pull the trigger on buying 60 billion euros of sovereign debt, record lows for italy, spain, and germany selling five-year paper. we've taken a pause on the rally but what a rally it's been. i should mentioned warren buffet gave an interview with one of the german newspapers saying he's looking to buy more german companies. great market, lots of people, purchasing power and the germans are productive. this is the rally we've had. record highs, of course, this week for the german dax, for the london market, and here you see the greek stock market, actually doing well. if you have parts of steel not only would you have made 11% on the athens stock market you would have made more than 10% on the bonds. meantime if i take you to athens the debate now that eurozone has accepted, of course, the proposals on the table the big debate how are they going to pay some of the bills coming up. there's no funding from the rest of europe until they've done a better deal in april, an

let's bring in simon hobbs. >> let's deal with the market action.ed are not part of the eurozone. europro peen equi-- our peen equities doing well if you have a look at where we are, the stocks have outperformed where we are here by about 9%. see that shot. thank you. by about 9%. obviously because qe is on the way you have to subtract a 6% currency move on that. clear outperformance today the banks doing well ahead of qe from the european central bank. talk about greece now. some people would says those are rallying because they believe a greek deal is about to be done. the greeks have postponed their offer to the rest of the euro group about extending their bailout. i don't know why. it's for one of two reasons. because they realize what they've got on the table and leaked to the financial times will not fly and will be rejected and trying to rework it or because they're trying to ram it up against the deadlines that come with the bailout at the end of next week and trying to get a finance minister's meeting to get something through potentially on

let's get to simon hobbs this morning a few minutes ahead of the european close and talk about what'sng to happen this week. >> in terms of things to watch, to be a fly on the wall tomorrow, when, of course, all the eurozone finance ministers, all 18 of them, sit across the table to the greeks with the european central bank president there and head of the imf and hopefully advance the situation and get some sort of deal. we have a rally, off highs on the rally in europe today. it's based on the idea that the greeks are softening their stance going into tomorrow. it's not about -- don't read this stuff about what the commission may offer. it's not in the commissioner a gift. it never was. it's the fact that the greeks on sunday night when the prime minister spoke in parliament said no bridging deal and last night, the greek finance minister met in athens with local journalists and said we'll do a deal. yesterday was really rough for the markets. we had almost 5% fall on the greek stock market overall, almost 10% fall on the banks. look how the banks from low capital bases, penny stocks

simon hobbs more from him. he'll be speaking to the ceo of wyndham worldwide.uned for that. dow's off the high as we opened with a quick triple-digit gain. a lot of all-time highs regarding the consumer apple, starbucks, as well as hasbro as well. and coke look at that stock. the leading dow component this morning, up almost 4%. >> yep, sharply higher. investors' expectations were quite low. and the company did manage to beat on the top and both tom line. we did speak with the ceo of coke, we'll have more of that including the impact of the prices. she said coke spending. >>> let's get to the road map, goldman sachs chief david kostin. and the ceo of reynolds american will be joining us for an exclusive interview find out about the massive deal with lora lie and how they're affecting the e-cigarettes. >> hey, rick. >> hey, bob. this is a lot like income spending numbers. two different directions consumer read on invent up half a 10 what we're looking for. sales down four 10s. this is a bit larger. once again, how much of last quarter of 2014 was inventory issue

i'm simon hobbs in for bill grific. >> i'm sara eisen in for kelly evans.ssion high. hopes of a deal with greece and its creditors are taking stocks higher. more than a triple digit gain on the dow. >> absolutely. 143. investing legend bill miller telling kelly evans yesterday he expects a fed rate hike in june.

i'm carl quintanilla with sara eisen, simon hobbs, david faber.ion, down 40 points as europe deals with what person calls its twin nightmares greek crisis and attempt to bring an end to hostilities in ukraine. crude oil below 49. >> road map for the next 60 minutes. pepsi in the green today. thanks to its earnings results. hear what the cfo had to say about the latest quart. >> tesla looking to boost its sales in the colder northern states. find out how it plans to do that with a look at the newest tesla model. >>> also ahead, former chief marketing officer of mcdonald's speak what needs to be done now to turn the fast food joint around. live on cnbc. >>> art cashin joins us leer at post 9 talking about a market that doesn't know what to expect for just over the next several hours. what's your expectation? >> that's the problem. two key meetings. meeting on the ukraine and the meeting on the greek problem in brussels brussels meeting, is it hoped for, will have something out around noon probably after the european markets close, unless there's a l

simon hobbs is off this week.ts, dow's tepid act of seven or eight point mz february has gotten off to a pretty good start, best start to any month since december 2010. due to the reverse until oil yesterday, which is giving back some. still above 50. >> 10:00 a.m. here. rick santelli in chicago. breaking news, ism nonmanufacturing. >> yes, nonmanufacturing. the service sector biggest swath of the u.s. economy. our last 3 at 56.2 wasn't bad. the best level going back to '05. and here we go. 56.7. 56.7. that's few times better than expecting. last month at 56.2, up graded to 56.5. 56.7 not as good as november's 58.8. you can see where it slips in. considering that we had a weak adp, weaker than expected adp, and friday dls coming out. the employment index, moved from 55.7 down to 51.6. might as well look at new orders. moved from 59.2 to 59.5. we'll call that a push. we moved up just a smidge to 182, hovering at two-week high yields should we close here. equities liked it to up 24. back to you. >> thanks so much. l

i'm carl quintanilla with sara eisen, simon hobbs, david faber, at the new york stock exchange.en the germans and greeks. downgrade of walmart. oil's not helping matters down 1 mrs. >> let's get to the road map. wall street not liking wage hikes at walmart. barclays downgrading the stock. >> the justice department says it's willing to prosecute people if they broke the law contributing to the 2008 financial crisis. jim stewart of "the new york times" will be here with a message, don't hold your breath. he joins us live? for the first time ever we are showing you how the nasdaq looks for and catches trading fraud. >>> speaking of the nasdaq index closing in on its dotcom era record aiming now for its seven straight day of gains if it can turn around and move in the other direction, despite being in the red at the moment. is the nasdaq overvalued or time for invest to jump? joining us wells fargo investment institute president. >> good morning. >> jump into the nasdaq that's kind of like -- i mean let's talk about technology in general. jump into technology. jump into apple which

simon hobbs, david faber. closing out the month of february with declines in stocks.pointment. crude oil, though trying trying for its first winning month since june of last year. >> to the road map this morning. fcc approving rules for net neutrality. we'll talk to commissioner ajit pai about the new rules. he voted against them. >>> hedge fund underperformed broader markets in recent years but hugely popular with big investors. why? jim stewart will be here to weigh? consumer advocate ralph nader thinks walmart's move to raise wages is not enough. he'll join us later on. >>> rick santelli. news on consumer sentiment after the chicago pmi number. good morning once again, rick. >> good morning, carl. i was wrong by the way, we're not under 2%. hat in hand with the feeling in the treasuries last couple of weeks. it really seems as though the buyers have limited impact. here we go. february final read on michigan 95.4. comparison to its mid month read at 93.6. how does 95.4 fit? comps to january where you had 98.1 which was the highest going all the way back to 2004. ju

. >> simon hobbs, of course, on vacation. check out the markets this morning.'s up almost 200 points as we get a bunch of interesting cross currents. oil driving a lot of that, up 3%. you make buys at anadarko and others binning to talk about an oil price that doesn't go low somewhere starts to stabilize here. in the meantime macro data continues to inch our way. let's get to chicago. rick santelli and a look at factory orders. rick? >> absolutely. december factory orders expected to drop close to 2.5% added an extra percent. down 3.4, first of 2.4 expectation. last month, added awhole percent. being a december number this will of course help get closer to the granular final number of fourth quarter gdp we enter last week 2.6. draw your attention, a few minutes ago we had ism new york released, and then for the month of january and it was 44.5 versus 70.8. that is the lowest level on new york ism since april of 2009. so of course everything is right in the world, equities up 1.70 or so and interest rates up. but it doesn't quite seem to jive with data. make sur

i'm carl quintanilla with simon hobbs, david faber, live at post 9 at new york stock exchange.ot moderate losses in the early going, down 32. s&p down 4. going to get home builder data in a moment. >> road map for the next 60 minutes. apple hitting another all-time high, the stock up 20% in the last month. now there's rumors about integrating apple technology into vehicles. find out what you should be doing now with the stock. >>> plus new read on what sites and apps people are using on smartphone. and ben from ben and jerry's has big ideas about campaign finance reform. he joins us live here at post 9. >>> to diana olick in d.c. home builder sentiment. >> carl home builder sentiment down 2 points to 55 on the national association of home builders monthly sentiment index. 50 the line between positive and negative. the positive still but builders blaming all of this rough winter weather on the february drop. we are better than february of last year, when sentiment stood at 46. the builders saying quote, downturn attributeable to the unusually high snow levels across the nation.

simon hobbs is off. s&p back to 2054.ne of the worst weeks, in fact the worst week since november. the gains this week on the dow, in percentage terms, go back to early 14 even in some cases down to 2013 to see a week as good as this so far. oil a big part, up 3.5%. >> michael kors deep in the red, names like l brans and underwarmer trading higher. which retailer watching today. plus keurig green mountain seeing steep losses after a big sales miss. much more on the problems that that company is facing. >>> miami real estate on the comeback trail, construction resuming on multimillion dollar condos but will the strong dollar derail all of that. coming up later on "squawk on the street," in the wake of the massive data breach at the health care company anthem we'll talk to the ceo of cigna, his take on cybersecurity, how to procustomers and earnings. >> big stories on the minds of global investors. ecb a hard line on greek debt putting pressure on the country's new government. ukraine raising key interest rate to fight the

simon hobbs, david faber. stocks at the highest level of 2015.th crude oil making a bounce back above 50. a lot of news regarding greece ukraine and cisco not hurting. >> let's get to the road map this morning. starting with that deal. expedia buying orbitz object $1.3 billion in cash. the ceo joining us live in a few minutes. >> shares of tesla down sharply in a good market this morning after disappointing fourth quarter figures. musk says he is optimistic. what do you do now with the stock? >> former treasury secretary larry summers said now is not the time to raise interest rates. >> let's first get to rick santelli. hey, rick? >> hi yes. december business inventory is important for calculations adjusting fourth quarter gdp up . 1%. we were looking for more. what's fascinating is we have had a couple of up .1. last time was in august but you have to go back to may of 2013 to find a lower month over month increase and the month i'm referencing was zero. you have to go all the way back to march of '13 to see a minus and this is definitely on the

i'm simon hobbs in the new york stock exchange in for bill griffeth. >> and i'm sara eisen in again for on monday the market went down on greek concerns. yesterday it went up on greek optimism and today new concerns about greece not getting a deal done during the emergency meeting is putting us in the red. the dow down about 40 points as we speak. it was worse earlier. >> absolutely, far worse. some major earnings are due out importantly after the bell in about an hour's time. cisco topping the list

i'm david faber along with sara eisen and simon hobbs.t supercenter. we'll hear from him in a few minutes. later on a live exclusive interview with walmart ceo doug mcmillon. important news today from walmart involving wages for u.s. workers. take a look at markets. you can see, we are down on well, two of the three major indices, if you will. nasdaq up. oil very important here of course, and that has been the story, let's argue, of the morning thus far, down almost 5% on wti. >>> let's get to the road map. former news corp. president speaking out about his new video streaming venture with at&t. plus his news on twitter and american express. >> the ceo of hershey sitting down with sara for an exclusive interview. how he plans to battle a health conscious consumer. >> first cnbc interview with john legere ceo of t-mobile. company's quarterly results and how their faring against competitors. >>> first, rick santelli breaking news on philly fed and leading indicators. rick? >> yes. lei leading economic indicators a january number up .2. last

i'm carl quintanilla with simon hobbs, david faber live at new york stock exchange. week. janet yellen set to begin day two of congressional testimony in front of the house financial services committee. you saw the headlines yesterday in front of senate banking in which she said that she believes reasonably confident inflation will hit targets in the medium term, the word "patient "ings" being used. markets soft here. oil's going to give back. we will be getting inventoryies at 10:30 a.m. eastern time. >> yellen concerned about the housing mark. we have fresh data on that courtesy of the cme. jim. >> simon comes in at 481,000, new home sales number better than expected. expected 470,000. last month's revised up a tick to 482 from 481. new home sales month over month down .2. looking for down 2.3. last month revised not as good as it was before 8.1 versus 11.6. stocks coming in under a little pressure before this. they gain about a tick on this. but nothing big to speak of. ten-year yields around 1.99 coming in and stayed about the same. back to you, carl. >> getting

welcome back to "squawk on the street" i'm carl quintanilla with simon hobbs, david faber.st conference in florida, bringing exclusive with the chairman and ceo of mondelez. markets, again modest losses to kick things off. back to 2095 on the s&p. oil is lower, but off of the low of the morning. we'll get inventory numbers tomorrow instead of today because of the holiday. >> here's our road map for the next 60 minutes. netflix taking top spot opt nasdaq 100 so far this year. netflix is up 37%. beating out amazon and apple. more gains to come? consumer company jarden, hitting a one-year high. sara eisen will sit down with the ceo for an interview later on. warren buffett dumping hedge funds following suit. when putting their money to work instead. >> as we said, in a few moments irene rosen fell of mondelez doesn't do a lot of interviews, you should probably know this. when she tends speak she says a lot about the consumer and headwinds mondelez is facing. that's coming up. >>> european markets hitting a seven-year high ahead of the ecb meeting and the greeks delaying offer

i'm carl quintanilla along with simon hobbs, david faber at the new york stock exchange. trouble getting out of the gate. largely due to a downgrade at goldman. boeing to sell. oil not helping matters either. we do have quite a bit of health care m&a. >> the first nationwide oil refinery strike in 30 years intensifying over the weekend. we'll talk about when it could start to affect gas prices. >>> plus the nasdaq hovering near record territory, within 2% of its all-time high. should investors be worried about a bubble or buy, buy, buy? and valeant pharmaceuticals agreeing to acquire salix in an all-cash deal worth $10.1 billion. valeant's ceo will be here live for an exclusive interview with david faber. >> let's get to diana in washington. some breaking news on existing homes. >> reporter: carl existing home sales down 4.9% in january to a seasonally adjusted annual rate of 4.82 million units. that's a big miss. december was revised slightly higher but the street was expecting 4.98. so again, 4.82 million units. a big miss. the realtors chief economist calling it "a not