today the bans is mellas why lee melissa lee on keyboard, michelle caruso-cabrera and tyler mathisen. the dow topping 17,000 for the first time since january 6th. s&p topping 2,000 again. both indexes trying for a fourth straight day of gains. that, my friend, something we have not seen since october. three major averages up about 3% just this week. not bad, melissa. >> not bad. look at a

along with melissa lee, i'm brian sullivan, i'm tyler mathisen and will get to michelle caruso-cabrera live in brussels in a moment. we begin this hour with a big warning to all you potential home buyers out there. right now could be the absolute worst and it is underscored here. worst time to buy a house. diana olick is live in washington with the whys and wherefors. diana? >> because affordability is tanking fast. short supply of homes for sale still very low production from the home builders have buyers in a

i'm michelle caruso-cabrera with melissa lee. brian sullivan is on assignment. tyler is taking on tampa today and we'll get to him in a moment. first, let's get you caught up on what is happening in the market now. as scott was saying, the dow jones industrial average is in negative territory by 139 points. 16,861. the nasdaq off 51 points, decline of more than 1% as we once again talk about session lows here. the s&p 500 lower by nearly 16 and the russell 2000 lower by 15 points, decline of nearly 1.5%. this was not how weta

with melissa lee, brian sullivan in the house, michelle caruso-cabrera will join us momentarily from the nasdaq. i'm tyler mathisen. we begin with a big developing story in the market. the dow has turned positive for the year, believe it or not. the s&p 500 just few inches away. all this as oil cracks above $40 a barrel for first time in 2016. what a turn around it has been in the last five weeks. the dollar continuing to lose ground after yesterday's announcement from the federal reserve that rates will stay roughly where they are. and any motion there is going to be slow and deliberate. let's get to bob pisani on the floor of the new york stock exchange. >> it is the newest leg of this rally, dow jones industrial average at a high for the year and much of it is being fueled by that weak dollar set off by the fomc announcement yesterday. want to show you that dollar index. dollar lost 2.2% against other currencies just in the last 24

i'm michelle caruso-cabrera. get all your business on cnbc. >>> boeing is saying good-bye to germs.he company has come up with a self-sterilizing bathroom for planes that gets rid of bacteria by using ultraviolet light. the system will disinfect all surfaces including the toilet seat and sink in three seconds. boeing has to study the idea further. >>> we're just hours away from the start of the philadelphia flower show. a live look from the pennsylvania convention center in center city. looks a lot like spring in there. the doors open to the public at 11:00 this morning. this year's theme is explore america, 100 years of the national park service. we'll show you more of the flower show coming up in our 6:00 hour. >>> we love seeing that shot. a little taste of spring. we'll have a little taste of spring from mother nature. it's cold this morning. cold today and also cold on sunday. even tracking a little rain and snow tonight into sunday. weather headlines on your saturday, still winter, still feels like winter, below freezing in pretty much every spot. tracking a little system comi

back to you. >> michelle caruso-cabrera. live for us today. let's trade it.l like you have an interesting take on maybe not so obvious a ways to look at this possible trade. >> well, i think the smartest thing to do is to avoid that closed end that always comes up in this discussion. c-u-b-a. it had a huge rally and selloff. the smarter thing is the tourism angle, where the most immediate plays will be. so shore hotels. obviously, cruise lines. but bigger picture, scott. everybody should just keep in mind, this is a very small economy. and even if all of a sudden everything goes the right way, diplomatically,el it be a very long time before you have an individual company in the s&p 500, make a claim that it's a huge part of their growth. so i think it's an exciting story. we don't know how soon the country commercializes, and fully embraces some of the things that the obama administration is talking about. but tried not to put on short term trades as a result of any of this stuff. >> the other point is, jim, i don't know, cruise lines and airlines. you're tel

i'm michelle caruso-cabrera. get all your news on cnbc. >>> first alert weather with meteorologist sheena parveen. >> good morning. we have some cold temperatures to start the first day of spring because today is officially the first day of spring. spring has sprung but it doesn't feel like it. feels like winter. later on tonight, looks like winter for some of you. still watching rain and snow in the forecast tonight. it will be late tonight, mostly overnight tonight. not everyone is going to see it. mostly thawing while most are sleeping, especially new jersey and delaware. 35 pottstown, upper 30s in philadelphia, 37 millville, atlantic city 38 degrees right now in dover. as we go through the day today, we'll stay mostly dry, in the philadelphia area. 10:00 a.m., 42 degrees, by noon low 30s. later in the afternoon we'll see precip in south jersey and delaware. currently very light rain, maybe parts of cape may and beaches in suffolk county. dry cloud cover. the real area we're watching off the southeast coast. e

michelle caruso-cabrera for "nightly business report" in belgium. >>> the debate over encryption has taken on new significance over yesterday's attacks. today the company helping the fbi unlock the iphone used by one of the san bernardino terrorists has reportedly been identified. that company is reported to be celebrite, an israeli forensic software business and if it succeeds in decoding that iphone, the fbi will no longer need apple's help. officials declined to comment on that report. >>> major silicon valley companies want a big piece of the fast-growing cloud business which is basically a network of servers and google fipnds itsel in the unusual position of playing catch-up to rivals amazon and microsoft. josh lipton reports on a major cloud conference tonight from san francisco. >> reporter: google commands just 4% of the cloud services market behind amazon web services, microsoft assure according to synergy research group, that's the business of leasing computing power on servers so customers don't have to buy and operate their own data centers. google is hoping its cloud chi

michelle caruso-cabrera is live there in brussels. hi, michelle. >> hey, tyler. we learned john kerry will travel to bruce lz ssels on fri. the airport is still closed. it will be closed tomorrow here in brussels. as a result, we flew into paris and had to drive here. along the way, we crossed the french/belgian border where there are checkpoints set up for the manhunt that sue mentioned. we're showing you video of the german border, the same as well, as they continue to look for that individual. at the same time, while those borders are temporarily closed, because of this manhunt, there is increasing talk and more calls for those borders to be permanently closed. many members of the far right, the euro skeptics, have long been against the idea that you could just move from country to country, that a country like france or belgium couldn't control its own borders. so the leader of the far right put out this statement saying, this emergency and for the safety of all, it is imperative to proceed t close immediately the french/belgium border, a real closure. and the

i'm michelle caruso-cabrera. get all your business on cnbc. >>> 9:25 on our saturday morning.t pat connery has tied. his best selling works include" the prince of tides" and "the great santini." he announced last month he was battling pan secrcreatic cancer. >> nine wildcats found abused in new mexico are heading to south carolina. they were put on a jet yesterday. the an were rescued from a privately owned home where they were kept in case. now they will live in a wildlife sanctuary in denver. >>> still ahead, police officer under fire. drew smith is live for the search of the gunman who shot at a car. >> reporter: those bullets were flying in a philadelphia neighborhood last night but not came from police. we'll tell you the full story but reaction from witnesses. >> off to a cold start. temperatures in the 30s. some spots still below freezing. cold one today. temperatures staying put in the 40s as well as tomorrow. sunshine to start before we see clouds building in and that's ahead of a system that will bring us rain and snow. we'll talk more about that coming up. >>> phila

i'm michelle caruso-cabrera. get all your business news on cnbc. >>> now, 7:26.s morning we are breaking down super saturday in the race for the white house. nbc 10's drew smith is following the decision 2016 development. drew. >> one candidate appears to be emerging as the guy who will be the best shot to take on donald trump. we'll tell you which states and what it all means at 7:30. >>> all right. snow is falling this morning in some spots, mainly poconos, seeing some slippery spots there. mostly cloudy morning, a look at cape may camera. partly sunny skies but keeping cold air in place before we really warm up during the workweek will we'll talk more about that coming up. >>> this morning two officers are in the hospital and a driver in custody after investigators say he rammed into a police vehicle. what authorities believe caused the crash. >> marco rubio had a very, very bad night. personally i'd call for him to drop out of the race. >> the good and the bad from super saturday. how the candidates are moving forward after another hurdle in the path to the p

i'm michelle caruso-cabrera. get all your business news on cnbc. >>> now, your nbc 10 first alert weather. >> all right. we have some snow showers early this morning. some isolated snow showers are not going to amount to much. but still could cause some problems as you're out and about early this morning in parts of the poconos, down through delaware. weather headlines on sunday morning, there are early snow showers. i'll show you on radar where they are. otherwise another cold day, temperatures right around 47 degrees later on this afternoon. 49 is normal. a little shy of that's normal this time of year but not quite as cold as 42 we had the other day. done with cold air, big warm-up ahead, temperatures in the 50s, 60s and 70s. 36 in philadelphia, winds are calm. we're looking at temperatures about 6 degrees warmer compared to 24 hours ago. some spots 10 degrees warmer. storm radar we are tracking snow showers, mainly light and mainly falling in parts of the poconos, lehigh valley and parts of delaware into sout

more from michelle caruso-cabrera live for us in havana in the next half hour. >>> to today's top corporatery, an $8.9 billion deal, sherwin-williams is buying valspar for a 35% premium over value par's friday closing price. >> nice deal in paint. >> it becomes number one and number three is trying to get access globally in term its of some of the spots. >>> now on to the global markets here. if you take a look at what's happening in asia. we did see a nice move higher in terms of hang seng and hong kong, and also the shanghai composite on the mainland. 2.2% on the shanghai. kospi down 0.1 of a percent. shanghai composite there, is this, again, a little bit because of what happened overall with margin requirements. >> they loosened. >> they loosened a bit to give a bit of to the stock market. >> as for the european markets we'll say it's mixed. german dax down, france cac down by.5%. the ftse mib in italy and spain just about flat. no huge moves. >> broader market moves right now, i'll show you what's going wouldn't the dollar which is soap part of the story. the weakening of the u.s. dolla

statement within the hour and we will carry that live the moment it begins. >>> in the meantime, michelle caruso-cabrera is live in havana for us. michelle. >> hi there, tyler. there is a large number of corporate executives traveling with president obama as part of the delegation. we have seen hotel executives, telecom executives as well, ursula burns on earlier, the ceo of xerox, the white house very much wants this to be a commercial event, not just a political event. there has been a major deal announced, starwood signed a deal to manage three hotels for the cuban government here, two of them part of their luxury collection, one will be sheridan. so a midgrade hotel. and also arnie sorenson is here. the ceo of marriott. he happened to be here at the same time, that he announced this morning that he and marriott and starwood have once again renewed their vow, so to speak, they are going to merge. you'll recall that just last week chinese insurance company anbang had had disrupted a previous deal between marriott and starwood by upping the bid to $76 a share in cash. this morning, marriott upped its b

i'm michelle caruso-cabrera. get all your business news on cnbc. >> announcer: now, you're nbc 10 first alert weather with meteorologist sheena parveen. >>> well, good sunday morning. it is the first day of spring finally but it feels like winter this morning. spring has a cold start today in the 30s across a lot of the area so you'll want heavy jackets before you step outside. watching rain and still snow in the forecast later tonight. not for everyone but that rain is going to start early in the afternoon for you. snow mostly overnight tonight and mostly new jersey and delaware. show you that in a second. 33 in allentown, mid-30s for pottstown, westchester, philadelphia 38 degrees. 38 in wilmington, 38 millville, 39 in dover. so if you're about to step outside it's cold and also breezy. that's making it feel a little bit colder, too. 8:00 this morning near 40 degrees, mostly cloudy by noon today. overcast skies for most of the area, around 43. by 4:00 p.m. at least in the philadelphia area, points north and wes

michelle caruso-cabrera joins us now from new york.re just talking about the ecb, because it's a data light week, earnings light week, we're wondering whether this winning streak for stocks can continue. >> this morning the futures look like they don't suggest they will happen. we will discuss politics, the debate last night. a debate about donald trump. a republican congressman from pennsylvania supporting donald trump, but a former george w. bush white house official doing everything he can to stop trump. we'll note the passing of former first lady nancy reagan. and her death crystalizes for a lot of people in the middle of this gop nomination the person who the party misses so much, ronald reagan. and we will discuss shake shack with their results out after the bell. and netflix dropped a new "house of cards" over the weekend. what will that do for subscriber growth? >> i watched the first two episodes of that. >> you did? i was disappointed. >> yeah. >> not as good as it was in season two. >> i gave up after the first season. >> yo

our chief international correspondent, michelle caruso-cabrera, is live in the belgian capital. michelle, good morning. >> reporter: good morning, carl. new political ramifications in the wake of tuesday's attack. in the last few minutes, belgian media reporting that the justice minister and interior minister tendered their resignation, but the prime minister refused. of course, there's been lots of recriminations and questions of why this attack happened when, clearly, the city was already under alert based on what had happened as a result of the paris attacks and the search for salah abdeslam. while the investigation continues into what happened on tuesday, the justice process is ongoing. the lawyer for salah abdeslam was in court this morning for a pretrial hearing that eventually got delayed, but he did speak with the media as he was coming out of the courthouse. when he told him that his client was no longer going to refuse extradition to france -- the original plan was for him to be extradited to france. salah abdeslam did not want to do that, but apparently now he's decide

see how working with pnc can help your company grow at pnc.com/ideas ♪ >>> i'm michelle caruso-cabreraon "power lunch" n. need of a doctor. we are digging in on valiant's epic fall today. plus how to navigate the three big risks to your money right now. and why one big fund manager is betting on coffee, cabinets and cruise missiles ahead of the november votes. all coming your way at the top of the hour on "power lunch." first back to you, scott. >> we'll see you in about ten minutes. lee, let's talk energy. >> you were a holder of kinner margon. now it says you are out of that. what? where? and why? >> not kinder morgan specific. we own target, gulf point, pioneer natural. we made some swaps this the portfolio. in terms of the energy outlook i believe in the invisible hand of capitalism. and essentially, the way the system works is when companies and industries have excessive returns, it attracts capital and capacity which depress returns. when companies have inadequate returns, capital leaves the industry tightening up supply and demand and setting up the base for urn are. if you look

our very own michelle caruso-cabrera joins us from the belgian capital. good morning, michelle. >> reporter: good morning, sara. the key development overnight is that the authorities believe there is a definitive connection between the attacks here in brussels and the attacks in paris back in november. the two brothers who died as suicide bombers here, one in the subway, one at the airport, are believed to have been accomplices, facilitators of the paris attacks, providing safe houses and/or transportation. this is raising the level of criticism of the security officials here. the argument is you have this belgian terrorist cell. you have terrorists working across borders, but intelligence services not necessarily cooperating or working across borders. so this is already becoming a political discussion here. does this situation require more europe. the euro skeptics are saying it requires less europe. we need to reduce the ability to cross borders. we need to control our own borders individually as countries. so once again, the key development, there's def

michelle caruso-cabrera in belgium. >> trading around 16 bucks a share.be worth 7 or 70. we'll explain. plus, new date why on gender pay gap and one big company says it doesn't have that problem. that's all coming up on "power lunch." >>> some investors like dividend paying stocks because of the income they provide, but if you're investing for the long-term, you may want to consider a dividend reinvestment or drip plan which automatically reinvests those dividends into shares of the stock and at no commission. the advantages in the long run will be clear because you'll end up with a larger position and at a lower overall cost. there's no one road out there. no one surface... no one speed... no one way of driving on each and every road. but there is one car that can conquer them all. the mercedes-benz c-class. five driving modes let you customize the steering, shift points, and suspension to fit the mood you're in... and the road you're on. the 2016 c-class. lease the c300 for $399 a month at your local mercedes-benz dealer. some say "free the whales." for

guys, back to you. >> michelle caruso-cabrera. we'll be back to you. >>> it's been discussed all over the papers in which markets and investors become innered over time. >> it's difficult to not say, well, listen, if they're not being hurt that badly in their stockmarket, we should. . and we did see a rebound in pretty much everything. most significant was the nasdaq was up yesterday and it's kind of biotech and tech. biotech moving up because of, frankly, valeant going higher. what was surprising is how individual the stock was and not market related. the airline, not substantial because their numbers have to come down. >> you mentioned nasdaq. an update today would be six. that would be the longest streak in more than a year, and, again, more discussion about how overbought especially individual ones are, the teslas of the world and all of that. >> i use the s&p's oscillator. we've been over it for a very long time. some say it's signy fig you're either in the early phase of a bull market or there are so many people who are shor

michelle caruso-cabrera. >>> coming up, go prosupplier on the move today and big movie merger, those stories and the trades are just ahead. hey how's it going, hotcakes? hotcakes. this place has hotcakes. so why aren't they selling like hotcakes? with comcast business internet and wifi pro, they could be. just add a customized message to your wifi pro splash page and you'll reach your customers where their eyes are already - on their devices. order up. it's more than just wifi, it can help grow your business. you don't see that every day. introducing wifi pro, wifi that helps grow your business. comcast business. built for business. >>> the blitz now, four trades on four stocks making the news today. ambarella, stock is down almost 7. >> this is like a stock for if you didn't lose enough money in go pro, you get another crack at it with this one. down 70% from last summer's highs. i really don't understand the shareholder base here. if you want exposure to go pro, why wouldn't you just own this. this is way too tough. i have no interest in it. >> pete, amc and carmike doing a deal. a

. >>> i'm michelle caruso cabrera.e have exclusive new data on who wall street wants to win the white house this november. >>> plus, today's stock stud. we have shares of gw phrma following a successful cannabis drug trial. the ceo joins us straight ahead. >>> and later, why some investors are pumping the brakes at the car lot. we'll explain at the top of the hour. but first, back to scott and the "halftime report." >> michelle, thanks. see you in about 15. welcome back to the "halftime report." rich pzena's new idea, shares down more than 30% over the past year. it is the first time that he has ever owned this stock. drum roll. the name is -- >> seagate technologietechnolog. >> make the case. >> seagate -- i've been watching this industry and this company for literally my whole investment career, as it -- as it narrowed down now to two remaining players in the market. and they behave much more like an oil goppely than before. if you look at the high more than a year ago, it's down from 60 to about 35. and the earnings

possible decision on interest rates could come this week, and we will get a preview with michelle caruso-cabrera. >> will they or won't they? the federal reserve policymakers will hold a two-day meeting with a policy decision due wednesday afternoon. that is going to be followed by a news conference with fed chair janet yellin. it will come while the policy makers are meeting, and the consumer price will come out wednesday morning, and the notable earnings report coming out from valeant's pharmaceutical, because it was delayed after the ceo was out on medical leave, and so he has returned and so will the company's latest numbers. and will fedex deliver? the company has been impact ed y lore fuel prices, but impacted by the shopping season as well sh, and their numbers will be coming out this week. and in austin, they the refer to the conference for nerds. i'm michelle carruso cabrera. have a very good day. >>> and now, we will tell you what happens when the squareoff happened at spring training. >> and this morning on "meet the press" chuck todd will be meeting with the republican c-- the trail.

michelle caruso-cabrera is live in havana with more. , good morning. >> reporter: good morning, becky. yes, president obama landed yesterday. air force one pulling into havana a little after 4:00 in the afternoon. an event that millions in america never thought they would see, a sitting u.s. president arriving in havana even as the economic embargo in the unites against cube is still in place. his entire family is with him. his daughters, his wife, even his mother-in-law. they went on a walking tour of old havana last night. he's going to meet with the leader of cuba. dissidents and new entrepreneurs now allowed to work on the island. along with the trip there was an announcement that starwood is going to manage three hotels here in cuba. they signed a deal with the cuban government. by default, it has to be with the cuban government, remember, this is still a communist country, controls 99% of the country. going to be three hotels that they manage. one called quinta. and an iconic hotel near the capitol that's going to be called a luxur

. >> michelle caruso-cabrera has left coupa, and president obama's trip to latin america. she has made her way to brussels where she's covering the aftermath of yesterday's deadly terror attacks. what is the latest, michelle? >> reporter: as you can imagine, the mood is quim somber as sun sets. i want to show you a newspaper from today that really says it all. ed headlines literally translated says "hold on" but what it really means is "stay strong." that's certain what the people of brussels are trying to do. if you look at the video from the center of town where there's a large plaza, a traditional gathering place here in brussels for key events and you'll see a makeshift memorial that we often see. flowers, candles, cards, a somber mood and at times people singing to try to come together. and they all wait to see what happens next. there's still a manhunt on, and there are concerns about whether or not there's going to be another terrorist attack. back to you. >> michelle, thank you. >> thanks, michelle. >>> we should mention as well, the flight to treasuries, rick menti

michelle caruso-cabrera will be joining us with this story, she has more and will be with us in a few as it always is on this day, it's the first friday of the month. is that it? time for the jobs panel. can you count on that unless it's like the second -- if it's march 2nd, they need a week to cook -- to put the numbers together. there's some weird things where it might not be. usually the first friday. kate moore is here. jeff rosenberg from blackrock. douglas holtz aiken is a former economic adviser to john mccain and inaugural member of the republican establishment so we can get his views on which way this election is going to go and what the pharisees are thinking. right? this must be stopped. you guys got to step in. these people under sane that are out there voting. and professor from university of chicago booth school of business under president obama. i know all your answers already because i was watching you last night austin. you did a good job. and diane swank founder and ceo. we're done with that segment. we have no more time. no. who wants to start. where will we be, jef

in the meantime, let's get to michelle caruso-cabrera in havana this morning. she does have reaction to what's taking place in brussels. >> well, we're hear in havana because president obama is here for his two-day visit. we're waiting to hear from the administration. we're certain he's being briefed or going to be briefed at this point about what's happened in brussels. i would add that in the wake of what we've seen in paris, november 13th of last year, the goal of terrorism, of course, is to cause fear, raise concerns, and also to have a high degree of symbolism. that's exactly what we're getting from this attack at this point. first of all, to occur at the check-in counter of an airport, american airlines, certainly there's symbolism there. in addition, the ability to create fear, which had already been widespread in europe as a result of what happened in paris. we know two airlines that reported last quarter, they had seen a decline in trask to europe immediately after paris. one of them had cut capacity as a result. so tourism was already down. you were s

michelle caruso-cabrera joins us from brussels. u, michele. >> reporter: good morning, andrew. europeans are waking up this morning to the news that there are definitive connections between brussels attack two days ago and paris attacks in november. this paper says brussels and paris, this means the same team. here's why they believe that. the two brothers who died as suicide bombers one at the airport one at the train station they were believed to be accomplices in paris. the bomb maker of the paris bombs is believed to have died at the airport here in brussels on tuesday. so definitive connections, cross border situation when it comes to terrorist attacks but now criticism that there isn't enough cross border cooperation among the intelligence agencies in europe to help fend off attacks like we saw here. in the meantime not life back to normal here in brussels. there's pervasive military police presence throughout. you see metal detectors to get into various areas where normally they don't exist. at the train station there used to

i'm joe kernen along with rebecca quick and michelle caruso-cabrera. ng day, michelle. >> you'll be watching from 1:00 to 3:00 when i'm on later, right? 1:00 to 3:00 p.m. eastern time. >> andrew, does he have the day off? he's doing stuff. he is busy. i don't think he ever really has a day off. >> no. he works pretty hard. >> he does. >>> futures at this hour are indicated -- not a whole lot happening. down about 73 points. we did finally get rid of most of the losses for 2016 and a lot of articles are being written about whether the bounce in commodities and the bounce from the transportation average are significant and show that we're kind of out of the woods. i don't know if anyone really knows but we have had a pretty good last two weeks of february and a good start to march after that horrific beginning to the year. the european markets are part of the problem today. all down more than 1%. it wasn't china and it wasn't oil. oil was up. in china -- shanghai back over 2900 all of a sudden. stuff happening in europe. i don't know. if we're depending o

michelle caruso cabrera will bring us up to date.tay tuned. >>> welcome back, shares of starwood up today. this follows china's bid topping marriott's offer for starwood last week. those marriott shares which rallied now down about 1%. >> meantime, separately starwood has inked this agreement to run a couple of big hotels in cuba. first u.s. hotel company to do so since the 1959 revolution. our chief international correspondent, michele caruso-cabrera is live. just finishing up that very remarkable news conference that you saw live here on cnbc. >> reporter: bill, it was a momentous political event. first, just to see the two stand together and shake hands what's an incredible moment. two countries that have been enemies for so long. then the news conference, they both came out and made speeches, we were guided to believe there would be no questions afterwards and then there were questions. that was a surprise. then raul castro, leader of cuba, put on the spot forced to aps a question from an american reporter who asked about democra

i'm becky quick along with andrew ross sorkin and michelle caruso-cabrera.e've been watching the futures and today it looks like the market is very pleased with what it heard yesterday. you can see right now after fluctuating all over the place yesterday and ending flat the dow futures are indicated up by 151 points. s&p futures indicated by 18 points and the nasdaq up by 46. also if you take a look at oil prices they are continuing to climb. wti is up before 2.5% to $38.75 a barrel. brent is well above $40 and natural gas is 1.80. >>> in the headlines, dow component american express trying to generate more revenue from existing customers. investors were told that the company is focused on getting more merchants to accept their amex cards. >>> marissa mayer was in new york yesterday. we don't know what happened at the meeting. a new director slate may be nominated. >>> one economic report, government out with export/import prices. both expected to post declines for february. >> department of justice taking the latest swing at a filing calling apple's rhetori

desession op interest rates could come this week, and we will get a preview from cnb c's michelle caruso-cabrera so will they or won't they? will the feds raise the rates or not, and there is a news conference with janet yellen tuesday. the february producer price index is out tuesday and kon m consumer price index on wednesday. the notable earnings report out from valiant's pharmaceuticals, because the decision was delayed while the ceo was out on medical leave, and he has now return and so will the company's latest numbers. will fedex deliver? while it is benefiting from the lower gas prices, it is being hampered by weather and a shopping season. and in austin, texas, there is the festival also known as the spring break for nerds. >>> now, your first alert weather. >> i'm karen thomas, and happy daylight saving time, and if you are waking up, we have bumped up the clocks an hour ahead, and so maybe a cup of coffee is in store. overnight tonight and into tomorrow, and we are looking for the rainy monday, and so have the umbrellas handy, and with the seven h i day forecast, we will stay above av

i'm michelle caruso-cabrera. it's after 2:00 p.m. eastern time. john watson of chevron reiterating the importance of dividend growth and maintaining a balance sheet. this is what he had to brian sullivan back in december about dividends. >> that's our number one priority to pay the difficult den. i've made that clear to the financial communities. we generate enormous cash flow even at low prices. we are going do what we can to cut future spending but the dividend is something -- in fact we have encriesed it 28 years in a row. fake the dividend is a priority but we've got to live within our means. >> just last week, cnbc's becky quit spoke with exxon mobile's ceo. here's what he said about the dividend. >> when we make decisions about the financial structure of the company, our financial programs we are really thinking 20, 30 years out and thinking about the long term share holders. we no the difficult den is extremely important to them. the difficult den is safe. we have, again, it's part of what we feel is the obligation to our shareholders. >> p

let's go to michelle caruso-cabrera in havana. due to start any minute now, michelle. >> yes, he's arrive d and is se to talk to the cuban people. whether you're a supporter of what the president is doing or a critic, you can't deny this is an extraordinary moment. an extraordinary opportunity. the leader of the free world is about to address 11 million people who live under a political and economic dictatorship. he said he will use that opportunity or we've been guided by the white house to learn he will use that opportunity to discuss the history twine the two countries, the tense history what he hopes for the future describe what he is doing and why, not only is this addressed to the cuban people but cuban-americans living in the eyes, many who have been critical of the loosening of the relationship between the two countries and the lawsuioosenin the embargo. >> michelle house speaker paul ryan. >> the next minute people are running for their lives. this is a terrorist attack in the paheart of europe. as our countries have alwa

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i'm melissa lee, along with tyler mathisen and michelle caruso-cabrera. the markets like a lion to kick off the month of march. gains across the board a. major rally on our hands as the dow is up 1.8%. the s&p 500 good for a gain of 37 points, up nm 2%. and the nasdaq is up by 2.2%. what is notable about this rally today is the strength in the financials. we've got jp morgan all the way threw citigroup up between 4 and 5%. look the sell owoff in the tlt, the safe haven trade. a pull back in bonds today. tlt is down by 1.8%. meantime, a higher bid for oil. wti is up 1.9%. and brent crude is higher by .7%. much more. starting off with breaking news out of washington as a battle between an cell and the fbi heads to capitol hill. the fbi director james comey is about to testify in front of the house judiciary committee. that will be followed by testimony from apple's general counsel. we have got both sides of the story. we kick it off with eamon javers on the hill. >> reporter: this is not an issue that slices and dices neatly along the zpemt republican party

michelle caruso cabrera, thanks. >>> mark zuckerberg is making the rounds in china as he pushes to makelable in that country. and making friends with retail giant ali banna. details on that meeting in had a moment. >>> good morning once again, everyone. i'm sue herrera. here is your cnbc news update at this hour. the top u.s. nuclear envoy saying korea should refrain in missile tests. it was in response to the north's decision to fire short-range missiles into the east sea earlier in the day. >>> two supreme court decisions today. first, rejected electronic arts bid to revive free speech defense over the its use of nfl player likenesses in the madden video game. >>> and the high court refusing to take up a lawsuit by nebraska and oklahoma over colorado's decision to legalize marijuana. the two states which border colorado saying colorado's law has caused more marijuana to flow over into their borders, which is a burden to their law enforcement. >>> and you're likely paying 25 cents more now for a gallon of unleaded gasoline. the average nationwide price is now $2.02 versus $1.774 weeks

with melissa lee, brian sullivan in the house, michelle caruso-cabrera will join us momentarily fromisen. we begin with a big developing story in the market. the dow has turned positive for the year, believe it or not. the s&p 500 just few inches away. all this as oil cracks above $40 a barrel for first time in 2016. what a turn around it has been in the last five weeks. the dollar continuing to lose ground after yesterday's an

along with melissa lee and brian sullivan i'm tyler mathisen, michelle caruso-cabrera is live in brusselsnd we will check in with her in just seconds. let's get you caught up on the latest in the investigation into yesterday's terror attacks. sue her err era is at the break desk for us. >> president obama holding a joint news conference with argentine president macri in buenos aires in the wake of the brussels attacks and he defended his strategy against the islamic state. >> there is

i'm michelle caruso-cabrera. president obama nominating merrick garland to the supreme court of the united states. judge garland currently sits on the u.s. circuit court of appeals for the district of columbia and the chief judge of the washington appeals court. mitch mcconnell has already vowed a no vote on the president's nomination. meantime, house speaker paul ryan speaking about the 2016 presidential race to cnbc's john harwood. an important guy in the gop. what did he say? >> he is, michelle. we have got two presidential contests in both parties that are barreling toward summer conventions. hillary clinton moved closer to wrapping up hers last night. so did donald trump. but the anti-trump forces still think there is a chance that they could deny trump a majority of the 1237 delegates he needs to be nominated in cleveland. and i asked the speaker yesterday what he would do if a deadlock convention turned to him. >> when people talk about the prospect of a convention that is indecisive, you are suspect numbe

i'm michelle caruso-cabrera. mario draghi throwing everything he had at europe's slow growth issues in yesterday's announcement. at least at first the market was less than impressed. here in the united states, we had had a drop, the sell-off yesterday and now higher again. so what is up with this delayed rally? let's bring in bob pisani and simon hobbs. what do you make of the stock action? >> i don't think it is so much a delayed recession. i think yesterday highlighted just how dependent the markets have become on the stimulus, draghi said he thought it is unlikely we need to further lower rates. what is going on with oil up a little bit, we're seeing a lot of people approaching the end of the quarter and they have been dramatically underperforming. look what changed. with fears of a recession have been dramatically reduced. we have seen oil up 50% from one month ago, and the dollar has stabilized. this caused a lot of people to say, these are the three main reasons we're so freaked out a month ago. if the mark

i'm melissa lee, along with tyler mathisen and michelle caruso-cabrera. like a lion to kick off the month of march. gains across the board a. major rally on our hands as the dow is up 1.8%. the s&p 500 good for a gain of 37 points, up nm 2%. and the nasdaq is up by 2.2%. what is notable about this rally today is the strength in the financials. we've got jp morgan all the way threw citigroup up between 4 and 5%. look the sell owoff

i'm michelle caruso-cabrera with brian, melissa and tyler.aking news out of belgium. a major development in the hunt for the suspected ring leader of the paris attacks. a live picture from belgium right now where we have been monitoring the situation all morning. sue herera has the details. >> thank you very much, michelle. here's what we know at this hour. this was an operation that began at about 4:30 p.m. local time. and it comes on the heels of a separate raid that took place yesterday in the town of forest. this particular raid is taking place in

want to check in quickly with michelle caruso-cabrera, who joins us from havana, cuba.kind of events. you know brussels well. what are your thoughts? >> yeah, well, we expect to hear from the president here in havana later today because he was scheduled to make a speech to the cuban people. so we expect we might hear something about the brussels attack. observations on brussels, it's probably fairly obvious, but this is a city that has been under high alert. the security forces have been deployed for months, looking for the alleged attacker who they finally caught in the paris attacks. but also looking to prevent, looking to investigate whether or not there was a possibility of exactly what happened this morning, and it did happen, suggesting that this network of individuals is incredibly effective or the intelligence systems in brussels still aren't up to speed or up to par to catch these kind of individuals. coming in the wake of paris, this is going to have, i think, an event more dehe tier use effect on the european economy, which has suffered because of what happen

i'm michelle caruso-cabrera with tyler mathisen, melissa lee and brian sullivan. former republican presidential candidate mitt romney trying to body slam donald trump in a speech earlier today laying out his point by point case on why america should not vote for him. you won't be surprised to hear that trump is set to react, just about 30 minutes from now at a rally in portland, maine and "power lunch" will carry it live. >> in the meantime, we start off with the mystery surrounding the death of former chesapeake en c