Hi, I'm Becky Quick, co-host of Squawk Box, and this is five things you need to know before today's opening bell.

The parent company of luxury department store, SACS, filing for Chapter 11 bankruptcy protection.

SACS Global says that it's secured about $1.75 billion in financing, and stores would remain open for now.

It also says that it's bringing in a new CEO to replace Richard Baker.

Coca-Cola is scrapping plans to sell its Costa coffee chain.

The Financial Times reporting offers from private equity firms were below expectations.

Tesla CEO Elon Musk saying that the EV maker will stop selling its full self-driving

features in a month. In an early morning ex post, Musk said the software will only be available as

a monthly subscription after February 14th. And Japanese stocks hitting record highs today on

expectations that the country's popular prime minister could call for a snap election next month.

Investors believe she would call for policies that stimulate the Japanese economy.

Finally, reports say that AI chip companies, Cerebra Systems, is in talks to raise about a billion dollars in new funding rounds

that would value the company at about $22 billion.

We'll be back later today with Squawk Pod, our daily podcast featuring the best of SquackBox.

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