is the outlook for u.s. inflation? it is one of the things we will talk about in the next hour. joining us is the coanchorisenthal. what are people saying about the linkage? intoif you remember going the year, 2015 was another year in which inflation surprised the downside. economists on the show and in general, the perdition was that inflation would rise to the upside and the reasoning was simple. if oil would just stabilize this year because the base effect where the former dropped from over a year ago would fall of the reading, on a year-over-year basis, inflation was hard to pick up. as we have seen, inflation has continued to foot -- to plunge. that does not look good for the moment for the economist who predicted this would be the year. has anyone tried to figure out what is going on exactly? >> that is the rig debate. a whole energy thing and people are debating is this a supply or a demand story? realistically it is probably some of both. central bankers hope it is just a plot. if it is a demand thing, that would mean the economy is worse than people think. betty: is anybody worried about inflatio

the hotel, they just stay there, you know? >> thank you so much, jason bond, bringing us up to speed on the conditions. >> jimmy: that's what happens when your coanchor is 10 years old. [ cheers and applause ] how does that happen? is it possible that their earholes are frozen shut? phone call stands out. the good news is people are keeping busy while they're cooped up. today by the way something that's been lost in all the commotion about the snow is today is bubble wrap appreciation day. this is an annual holiday on which we celebrate bubble wrap. and heap scorn on the accursed packing peanuts that would seek to destroy it. bubble wrap is one of the simple, unexplainable pleasures of life. and tonight to really go nuts and enjoy it, here is our own guillermo riding a bubble wrap bicycle. guillermo, come on in. [ cheers and applause ] >> jimmy: yeah, reset there, guillermo. i like the hat g thank you! [ cheers and applause ] falls, no problem. that was beautiful and wasteful, you know? so happy bubble wrap appreciation day to you. you know, i tell you something, if you'reee at mailboxes, et cetera, every day is bubble wrap appreciation day. did you wat

coanchor is at the upset today. tomorrow, you can expect i was walking home. just picked us up two breakfast croissants for four bucks, when this bear attacked. with one swipe, it devoured one of the croissants. then jack showed up and took care of the beast, so i could escape. and that's what happened to your breakfast croissant. and yours? it survived. share it with yourself. freshlycracked egg with ham and bacon,or sausage, >>> all right finally at 6:00, when the blizzard hits washington. they couldn't doing a game in the snow. you could only imagine what happened we a patrol car pulled up and wanted to play. they rumbled down the street for what looked like a touchdown. the red skins need offensive help, maybe they should call the dc cops. there you go. >> one way to get through things in washington. >>> looks like fun. >>> good basketball today. >> it's a good game. >> that really isn't. and of course u and r. fingers cross. you get the last word what do you want to say? mountain, but it's looking good in the valley. sunny tomorrow. >>> thank you for watching us here at

the rest. thank you for being with us. ♪ minutese just over 30 away from the opening bell here in new york. stephanie: it is time to welcome our co-acre, erik schatzker. -- coanchorere for the hour. stephanie: we're excited. >> i love the enthusiasm. erik: troy is with sky bridge capital, a manager with over $13 billion in assets. good to see you. we have the first word news. now few hours from president obama will: the executive action he is taking to reduce gun violence. mandatory background checks for private sales, and enforcement of current firearm laws. mr. obama's remarks are scheduled this morning at 11:40 a.m. eastern. kuwait is the latest saudi arabian ally to end diplomatic relations with iran. attacks onmpted by saudi officers by protesters. they were angry when saudi's executed a shiite muslim cleric. the philippine fighting toill stop focus on politics. manny pacquiao will have one last fight. back to you. matt: a big recovery in futures. 1%.re down about 1/10 of mimics the recovery we saw yesterday in the market. look at the dow jones yesterday, we got out for the entire trading day. a big rally late day, and and 50,back one on her 160 points. down

is just another tuesday. you not just give stories of weather, the three stories that matter to markets. with us, our coanchorpriscilla, the global -- ladies, welcome. nothing better than three women on this set. i love it. david: i don't mind it a bit. stephanie: how about number one? china stocks. we have to cover china. tumbling to the lowest level in 13 months. outflowncern, capital will accelerate as the company -- the shanghai composite closed down 6.4%, not a pretty picture. priscilla, what do you make of this? we are seeing is there is concern in the markets that china can't engineer this soft landing. some of their intervention, people are now tired of it. let's kind of get to a level where we need to get. i think it is a market repricing their expectations. stephanie: this also raises questions is china committed to propping up the value of the shanghai composite? which seems to be what they were trying to do. how much money do they have left given their foreign currency reserves that have been heavily depleted? they have $3 trillion but how quickly are they willing to go through that? david: john j