fir "nightly business report," i'm simon hobbs in new york. >>> coming up, the internet's dark side. where your personal information can be sold to >>> here's what to watch for tomorrow. the european central bank may announce new easing measures at its meeting tomorrow. it is the deadline for the government to file its legal response to apple. american express whose shares are down 15% this year hosts its annual investor day meet. that's what to watch for on thursday. >>> the dark web. it's a term that refers to a collection of hidden websites where users remain anonymous. it's a place where illicit business deals get done and where you do not want to find your personal information because once it's there, it can be used by people looking to commit tax fraud. andrea day has our crime and punishment report. >> we're talking about millions of records in just one website on the dark net. >> reporter: his job is to help ibm stay one step ahead of the hackers, taking us into the dark web where criminals go to sell and buy personal information. info they can use to steal your tax refund. >

simon hobbs at the new york stock exchange has a look. cott, markets are lower in advance of a fed decision in 90 minutes time. the banks are a key focus. the ceo said that challenges conditions persist for ubs and no recovery there in wealth management or investment banking and they suggested a small loss for the year. the u.k. finance minister delivered his annual budget in which he said that multinationals like google will pay more tax moving forward but the headline coming out is going to put a sugar tax on sodas. we'll see if that's replicated around the world. the housing stocks are are higher. george osborne suggesting that they will accelerate the move into affordable housing. you have also seen during the course of the session that the oil and gas stocks are moving higher as well as he effectively aboll ishes the revenue levey there. meantime they have confirmed their merger. $30 billion. stocks haven't moved today but we had a good run up notably in anticipation. the big question will the owner of this exchange come through to br

i'm carl quintanilla with simon hobbs and david faber at the new york stock exchange.a morning. drag draghi's policy, euro rises and falls. oil, meantime, opec sources are out in force saying a march 20 meeting is unlikely to happen. dow down back to 37. >> so, coming into the hour, this is how we plan things, but obviously, that could change. the ecb out with some surprise stimulus moves, cutting rates and expanding its qe program, plus some goodies for the banks. all the details. >>> plus, jack dorsey on running two public companies at the same time. hear what he had to say in an exclusive interview. >> and the bullish case for coca-cola. why rbc is expecting close to a 20% total return on that stock for the next 12 months. >> let's get right to those ecb headlines that are moving the market today. senior economics reporter steve liesman is in boston following all the details on that stunning euro turnaround, steve. >> yeah, it's very interesting, sara, what's happened, especially if you layer in what's happened with the stock market. but basically, people are saying

back to you. >> simon hobbs, thanks so much.and of the rising trade with a chance for more stimulus in the boj. is the japan trade back on? >>> melissaotto of tiaa will join us. >>> and chipotle saying it will tie its ceo combination to its stock price. we'll debate that key question just ahead. woman: is that a newspaper? man: yes. woman: it's quaint. man: did you read about this latest cyber attack? woman: yeah, i read it on my watch. man: funny. woman: they took out the whole network. man: they had to hand out pens and paper. woman: yeah. man: could it happen to us? woman: no. we're okay. man: we are? woman: yeah, we brought in some new guys. man: what do they know that we don't? woman: that you can't run a country with pens and paper. it's not just security. it's defense. bae systems. >>> hi, everyone. i'm sue herrera. here is your cnbc news update this hour. hundreds of migrants have left a flooded out camp along the greece/macedonia border. the group includes dozens of children and are searching for a break in the fencing

simon hobbs at the new york stock exchange tells us now. >> negative in europe.y mining stocks weighing on many national indices today. consumer confidence down for a third straight month in delayed reaction to the market turmoil of the start of the year. and calling again for ambitious reforms from governments, because it's said the ecb cannot create conditions for a sustainable recovery. telecom italia in a dispute with vevende, seeking to create a french-italian telecom media giant. and two german chemical giants on reports monday satto is ready to make a crop science acquisition. and political tensions mound in london, as you may be aware. prime minister cameron countered, after his work pensions secretary resigned. the divisive debate about whether the uk should leave entirely june 23. back to you. >> simon hobbs, new york stokck exchange. >>> dennis lockhart expected to speak on the economy. we'll bring you headlines, which could move the market. >>> and michelle caruso-cabrera is live in cuba where president obama makes his historic visit today. michelle.

i'm kelly evans with simon hobbs and michael santoli live from post nine at the new york stock exchange. futures looking for a lower open. the dow implied to open lower by 63 points. the s&p 500 giving up six. the nasdaq ten. european markets kicking off their shortened trading week after the easter monday holiday yesterday and doing s in negative territory. the dax down about 0.4%. declines for the ftse 100 about the same. france bucking the trend, up about 0.3. the ten-year note, a gauge of risk sentiment across the markets. the yield falling. wti crude, almost down 3% today. the latest s&p case-shiller home price report has been released. prices nationally up 5.4% in january from a year earlier. >>> our road map starts today with apple. the fbi dropping its case reported it was able to break into the san bernardino gunman's phone. we talk to apple experts about what this means for online security, apple customers and laws going forward. >> and fed anticipation day. john williams urging the central bank to stay on track with rate hikes. janet yellen speaks this afternoon. how hawkish

i'm carl quintanilla along with sara eisner, david fasther, and simon hobbs.ay, unable still to crack 35. >> okay, here we go then. roadmap for the next 60 minutes on cnbc. mitt romney taking on donald trump this morning but will it have an effect on the front-runner. >>> plus the latest on the death of aubrey mcclendon. >>> and the resurgence in the housing market of flipping. active flippers now at the highest level in nine years. all the details ahead on cnbc. >>> first up, though, the market a little bit softer even though we got some decent action in asia overnight. retarms remained a story. of course, claims were a little elevated. whether or not it means something for the jobs number tomorrow. >> the claims number went in the other direction. economists say not at the level that's worrisome. oil is down. that could be a big reason why. we wonder whether it affected it. yesterday we saw a big rise. potentially pressure in energy. we're watching energy stocks and financials which has been leading in the rebound. >> chesapeake is up 12%. >> yes. >> why wou

welcome to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs and david faber.42,000 is the jobs number for february. that's above expectations. revisions were up and wages stubbornly down. we'll talk about the market's reaction and what it means for rates. europe putting together some green arrows. 10-year 1.86 a one-month high. and in a few moments, meg whitman from hewlett-packard and the company's strong results. 242,000 is above expectations of about 200,000. wages weak. an annualized rate of 2.2. we were looking for 2.5. revisions added 30,000. wages, once again, the crux of this conversation. it's becoming a real puzzle, while everything else, labor force, reacts the way you want, wages do not. >> there's something for everyone in here. something for the bulls in the jobs growth and something for the bears in that wages are not growing along with jobs. manufacturing lost 16,000 jobs as we continue to wonder whether the manufacturing recession in this country has bottomed. that's not a good sign. obviously, carl, that 4.9% unemployment rate and the higher

let's bring in simon hobbs as we get the movers across europe. >> european markets heading lower as you can see into the end of that quarter. though some of them are off their lows. of course there's a battle in the foreign exchange markets in the wake of the dollar weakness after what yellen told us. you see that the euro is moving higher just on a weekly basis. that's up almost 2% on the euro. we broke above $1.14 but this is what the european central bank does not want to see of course tomorrow they double down to 80 billion euros a month. the banks are the focus today. particularly the italian banks. they may delay what is a rights issue and ipo for one of the cooperative banks. it's on the hook effectively to guarentee up to $1.7 billion of that transaction and there's some nervousness about how that might be received by the market and therefore a bigger comment on investor appetite for bank shares. particularly bank shares in italy. they're off their lows but still down 3%. weaker banks have also fallen. it's also important to note that it's still going through it's own separate p

after a daylight savings time break and a long holiday weekend the close in europe is back as is simon hobbs it's a mixed day today. it's been a four daybreak for many in europe but mixed overall. just for the record. we had good data coming through on bank lending today. the fastest ways for four years and now doubt it will also tighten the rules on mortgages as well. which is big news in the u.k. it's not hugely market moving. the major factors through the session have been the way in which the oil stocks have sold off and the mining stocks have sold off. you will be aware of barclays yesterday and reaffirmed but still the sector is down and the oils have fallen. the banks have also fallen. particularly some of the weaker banks but some of the stronger ones as well they failed to do a deal in portugal so the bairgegs are down. there was a deal on the italian banks but they're still falling as a group with the exception of this one which apollo offered to take over and the stock is still rising today. up almost 9% on the session and as you can see surging very dramatically over the last wee

simon hobbs making his "worldwide exchange" debut. good morning, simon. tell us what google is trying to do. >> good morning to you early birds. it's actually been available. it's on the google search bar, which is important. they've changed the way they do things. just go to the google search bar and put in a continent or a city or a state. you could put in ohio destinations or europe destinations. you'll begin to see first two destinations, like a photograph of them. then if you press the arrow, the blue arrow, more appear. what they're doing behind each of those destinations is they're pulling together the vast data feeds they have to give you, for example, the best time to go, the average price, what the weather will be like. there will be videos courtesy of youtube. you can cap your search according to your budget. the idea is that google wants to be the natural place to which people go to browse for holidays and ultimately then of course to purchase travel items. the question, the important question is what does that mean for priceline and expedia,

when we come back -- actually simon hobbs is here. >> slightly higher of course.his is now the eve of the european central bank meeting. a lot of potential for disappointment and a lot of discussion for what they might do. and of course the buying or the qe and where that will be extended. this is also the one year anniversary since qe started within the euro zone and obviously a lot of assets moved in advance of that and a lot has happened during those 12 months but just for the record this is where we stand on the key trades. notably the euro. if there's one instrument where they want to move lower it's the euro. for the last year during qe moved in advance and during qe the euro is actually higher. it's moved in the wrong direction for the ecb. as far as the stock market is concerned and obviously qe has been great for fixed income. goes without saying. yields absolutely pummeled for the stock market over that year. stoxx 600 down 13%. the banks over the year lost a quarter of the mark cap if you aggregated together. there's a huge discussion about interest rat

. >>> let's bring in simon hobbs here to count us down. >> it's the only way you live and work abroadnancial markets and understand the degree to which they are driven by expectations of what will happen with the u.s. economy. you have a strong balance after the jobs report and the fact that the data has not been so bad recently and we're not going into recession has had a profound effect on three major areas of the european stock market. banks, mines and oil. let me take you through them one by one. for the week this market is up about 3%. slightly better than the united states but take a look at where we have been on the banking sector. into that you have the idea that ecb is aware of the problem with negative rates come next thursday. bank stocks for the week up almost 6%. we flattened out here because there's profit taking on those that have done really well like the italian banks. take a look at how some of those high flyers from the week come back from the debts have now suffered from profit taking overall. but a far better performer is the basic resource sector. you could talk

european markets are closing now and simon hobbs is at the nyse with that story. >> stocks in europeg moderate gains. a scattered recovery in some export plays and gains by banks leading the way this week's rise in the euro as a more dovish fed weakened the dollar. today comments from the chief economist bringing the single currency back down. peter is saying that the bank could cut rates further into negative territory if needed and then you have draghi chiming in and reiterating that rates will remain current or lower levels for an extended period of time. meanwhile in part because of the stronger euro, stocks are down for the week overall. the broad stock 600 index just losing there when the s&p 500 is up top gainer today, the edf. after the finance minister said that they might sell other assets in order to fund it's recapitalization. as you maybe aware, scott, edf recently lost it's cfo over it's continued commitment to build a $26 billion nuclear plant in the u.k. which arguably it can ill afford as a centerpiece of its continued business dealings from china. >> like wise to yo

simon hobbs with the latest. >> kayla, we're waiting for two things. of starwood to say this is a superior offer, and to react. in the meantime, the holding statement from marriott, in which they question the financing of the deal and at the same time, the timing of any required regulatory approvals. the latter is really perhaps more interesting moving forward. one, the idea that the chinese insurance regulator might say this deal is too big. too much of your property would be overseas. but there's also a suggestion now in the marketplace that there may be a regulatory problem in this country, particularly that proximity of some hotels to certain government locations. they got the okay to buy the waldorf, but at the same time the president doesn't stay any longer. the question is, would the authorities here require the chinese to sell hotels that are close to military installations? that's at least what people familiar with the situation are putting there in the marketplace. >> ceo of marriott saying the deal they reached in november might have been to

simon hobbs. any moment now former gop presidential nominee mitt romney will make a major speech.ers to reject donald trump. we're joined on the phone this morning by vin weber. it's good to have you back. good morning to you. >> good morning. great to be with you. >> you have seen cycles come and go. how would you handicap romney's chances of being effective in what he wants to do today? >> a there's a concerted effort that's going to go forward and mitt romney is kicking it off today. i saw 50 or so republican foreign policy experts issued a letter saying they could not support donald trump. we saw the senator from nebraska become the first member of the senate to actual hi say he could not support senator trump and a couple of former gop chairmen. but ultimately the voters have to respect the decision. we'll have to see if they respect the point of sue from leaders. >> a lot of voters argue that your republican leader is their failed nominee. why does romney have any currency right now? >> well, you know, that's not the way we have treated defeated leaders before. in order to b

let's two to simon hobbs at the new york stock exchange where many have edged into the green now. >>bsolutely. european markets stock fell on the terror attacks in brussels but they spent the rest of the session cutting the losses although they underperformed where we are on wall street at the moment. investors in airlines, particularly those exposed to long all concerned that international travellers might be less likely to travel to europe. air france took a $75 million hit in december after the paris attacks. traffic is arguably still not fully recovered. the owner of the largest airport in frankfurt. as they go to brussels much favored by business travellers the owner of the underground tunnel that linked the u. k. with france is in negative territory as you can see. and of course tunisia in northern france. those campaigning for the u.k. to leave the european union june 23 seizing on the disaster are supporting their case for stronger immigration and border controls for britain although much of the pound's weakness may have to do with the existing political pressure on prime min

. >>> let's bring in simon hobbs, countdown to the european close with some red arrows. >> yes. very big week for europe, not just the ecb by migrant crisis and regional elections in germany on sunday, next weekend. in the meantime, jp morgan or jp morgan cast november as extended u.s. equities. more broadly into europe saying the rallies are an opportunity to reduce your positions there, in part because the politics will get messy from here. and also because they believe that technically, we are overbought. there is a real concern about what is happening in italy and whether or not the italian economy will go back into recession effectively for a fourth time, quadruple dip if you like. the prices were down for an eighth month today and we got data at the end of last week, suggesting the economy barely grew in the fourth quarter. and at the end of the day, the italian banks are effectively in accelerated or multiply play on the local economy. they are down. other banks are also down. did well last week, a good bounce there, as we await what the ecb will do with negative rates on

i'm carl quintanilla along with sara eisen, simon hobbs, and david faber.il up more than 2% is helping wchl'll get inventories in 30 minutes. let's get to rick santelli. >> i'll tell you what. normally this is a january set of numbers, but this is important especially when you see the direction. all right. we see inventories. we're expecting a small drop. remember, both inventories and sales have three negatives on a month-over-month running. how about the fourth? not for inventories. it was up last month. you've wiped out the negatives there. this is the best number since june of last year which was up 0.7. sales on the other hand, huge miss. we ended down 1.3. it's the fourth negative in a row. we had three. this is the fourth negative in a row minus 1.3. you have to go back to january of last year. january of last year to see a bigger negative, which was minus 3.4. and last month's minus 0.3 to 0.6. not the economic outcome one would hope for looking for growth. carl and the gang, back to you. >> thank you, rick. we should note that stocks, yields and th

i'm david faber along with sara eisen and simon hobbs.t to john harwood. >> we spoke to house speaker john boehner -- excuse me -- house speaker paul ripe and we asked him what would happen if a convention turned to him. remember, he's trying to get the leads he needs. here's how paul ryan responded. okay. we don't have that sound. sorry. i'm just going to give you the updated development on that story, which is that john boehner, paul ryan's pred says never the job, gave some remarks last night. now, john boehner has endorsed john kasich in the republican race for president, but boehner said last night if none of the candidates get to the convention with enough delegates for a first ballot nomination, he would be for paul ryan and declare that none of the other candidates had succeeded in their candidates and that and that paul ryan should be the kaechblt interesting after paul ryan told us he would unequivocally rule out accepting that nomination. >> john, thank you very much. we have more breaking news a that hour. for that we go to ha

simon hobbs, back to you. >> markets are really interesting, rick santelli. market is flat down 12 the day after fed cut the number of interest rate hikes it says it's planning this year in half to just two. let's bring in steve liesman, cnbc senior economics editor and celebrating st. patrick's day art cashin director of floor operations for u.b.s. happy st. patrick's day. >> same to you. >> there's a certain jolliness. when the fed makes a major move as it did yesterday, the s&p rallied 17 points, less than 1%. okay. above the 200 day moving average. but it's not the sort of euphoria you might normally expect. why is that >> i think the real story was less about what the stock market did and more about what's happening with the dollar. and both yesterday and today the dollar continues under some real pressure. the bank of japan can't be happy with that. they got negative trade data today, exports were down for the fifth month in a row. so we may be looking at temptation of currency wars breaking out. fed has effectively taken the sting out of the dollar. ve

morning, welcome back to "squawk on the street," i'm carl quintanilla, with sara eisen, david faber, simon hobbss today, whether it's political primaries, day one of the fed meeting, valeant news, positive call on apple. the dow is down about 84 points. the selloff in oil is closer to 36 than 37. let's get to rick santelli. breaking news on inventories and home builder sentiment. >> let's start with older, on the january business inventory side, up 0.1. we are looking for unchanged. no great shakes there. 58 on the more recent contemporary data point of march. national association home builders housing index, 58 mirrors the last look unrevised. just to give you an idea for 2015, the high water mark was october at 65. low water mark was 352 last march. 58 fits in the middle. >> back to you. >> thank you very much, rick santelli. primary elections are underway in five states today. 358 delegates total are at stake. the most watched elections are in florida and ohio as donald trump and hillary clinton look to further pave the way to become their party's nominee. john harwood is live in washington w

ceo arnold donald is back with us in an exclusive interview along with our own simon hobbs. >> welcome back to the show. given the strength of the beat you saw today, seven cents and raising the lower end of your guidance for the full year basically what's happening is our teams are doble a good job. that lease to a work of mouth. dema demant, great demand for a great product and we're enjoying success right now. >> the great news for many people who cruise, one month from today, you will be the first to send a cruise ship from the u.s. mainland to cuba, the first in about 50 years. it's a moment in time for you before the rest effectively get the go ahead. how will you leverage that first move? >> first of all, we are honored and privileged to have been the first cruise company to be approved to go from the u.s. to cuba and back. so we're very excited about it, and we're honored and privileged to have that distinction. we've been told we will be the first when we sail the first week of may with our fathom brand. it's a premium small ship. if you haven't booked, you should book right a

monday morning, welcome back to "squawk on the street," i'm carl quintanilla, with sara eisen, simon hobbse highlights of this week. oil, after three weeks higher adding more to 36 and change. >> here is our roadmap this monday morning. saunders and clinton facing off as the race between the republican hopefuls heats up. grover norquist will weigh in on the latest news in politics. >> morgan stanley's vice chair of global wealth management weighs in on women's role in business. and what some of the recent stock gains are also some of the most shorted. >> coming up later on, the ceo of anthem will talk about the cigna deal and antitrust concerns. >> first u.s. markets slipping and on track to snap a three-day winning streak. stocks look like they're taking a breather after three straight weeks of solid gains. let's bring in craig johnson from piper jaffray and cnbc's steve liesman. good to see you both. craig, we're pulling back here a bit after a nice string of gains. little in the way of economic data and earnings on track for this week. we get an ecb meeting. i know you're technically dr

i'm carl quintanilla with sara eisen, simon hobbs and david faber at post nine of the new york stocke. market trying to build the slightest bit of cushion to the upside. dow up almost 100 points. s&p 2048, about four, five points above the way we started. >> here's our road map to finish off the week here on cnbc. a hotel bidding war, starwood taking a higher offer from china's anbang. marriott has five days to respond. plus, apple gearing up for its product event on monday. what should investors be expecting now? president obama set to make the first visit to cuba by a sitting president in 90 years this weekend. find out how big business is involved in a changing cuba. >>> we start with the markets. the dow is up 95 points building on gains. dow going positive for the first time this year yesterday. we have michael santoli here at the top of the hour, our chief markets commentator to explain more on the technicals. how much momentum we have in this rally. >> looking at the dow jones industrial average, after this huge rally, there it is. >> there's the dow. >> let's look at this ral

welcome back to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs, david faberive at post nine of the new york stock exchange. dow up 100 points. a lot going on. dudley with dovish comments. we kick off the month of march, super tuesday, apple on the hill. auto sales have been a nice surprise all morning long. ford and autonation some of the best performers. though gm, relative to its competit competitors, underperforming. meantime we'll get continued breaking news. ism here, construction spending. for that we get over to rick santelli at the cme. rick? >> thanks, carl. there's a bit of creep going on to the upside on rates. we talked about how bunds were creeping up after yesterday's buying pushed rates down. we have january construction spending out momentarily. expecting up 0.3%. also february read on ism coming in at 49.5. better than expected, but it now makes the run of under 50 five in a row. haven't seen this type of sub-50 activity in ism since 2009. if we look at prices paid, they were 38.5. sounds low? it is low. but not as low as the last look of 33.

i'm carl quintanilla with simon hobbs and david faber at post nine of the new york stocks exchange.is off today. markets down about 50 points on the dow. reacting to m&a, setting up for big central bank news later in the week along with political primaries. the question is whether the short squeeze on oil has come to an end. down 4%. >> the highlights of the next 60 minutes. big news in the hotel sector. starwood getting an offer from a group led by china's anbang that could threaten its existing deal with marriott. plus the gop nominee for president could all bed abo dec tomorrow as voters head to the polls in ohio, florida and other states. we're live from south by southwest in austin with the founder of atari. he's also the first man to ever hire steve jobs. >> shares of starwood hotels are up sharp limit the company receiving nearly a $13 billion takeover offer from a consortium led by china's anbang insurance. starwood's board has not changed its recommendation about the planned merger with marriott. let me tell you the difference between the two offers. the existing offer from

i'm carl quintanilla with sara eisen, simon hobbs live at post nine of the new york stock exchange.s in a muted tone. dow is flat at 17608. after five weeks higher, dow going for its seventh gain in a row. what a flurry of news, whether it's starwood/marriott, the president in havana, mike pearson leaving valeant, apple's product event in cupertino which will kick off at about 1:00 p.m. today. let's get breaking news on existing homes. diana olick is in d.c. >> february existing home sales down 7.1% month to month to a seasonally adjusted rate of 5.1 million units. that's a huge miss. the street looking for it down 2%. it's unusual to see this month to month drop. the last time we did was november. that's only because of the new mortgage rules that went into effect and pushed closings from november to december. we are slightly higher than a year ago. but february of last year was exceptionally low. this is the slowest since november of last year and a much larger than normal swing. considering all the momentum lately, sales are meaningfully lower. why? inventories and pricing. inven

welcome back to "squawk on the street," i'm kelly evans with simon hobbs, sara eisen and mike santolirl quintanilla, david faber, everybody is off. stocks started out looking like futures would open higher. we've largely give than up. the dow hanging on to a gain of 17 points. s&p barely higher right now. the nasdaq in negative territory. crude oil prices have turned lower even as the dollar is lower. >> let's get to the road map. the first quarter is almost over. will the market rally fade? find out if you should be getting out of stocks now. plus anbang sweetening its bid for starwood. we have the latest on the hotel battle. and uber's ceo, travis kalanick weighing in on the future of the company. >>> let's get straight to rick santelli with breaking news on pending home sales. >> holy cow is all i could think of. up 5.1% on the february read of pending home sales. now, of course 5.1 is the year over year number. if we look month over month it was up 3.5%. that's very solid as well. both are extremely above expectations. like all data point theres ther some revisions. last month, do

simon hobbs joins us with that story. >> the bank feels it needs some sort of balance sheet to get the them because they have clearly as far as the market is concerned the liquidity problems. what the ecb is saying, look, are for the next four quarters, we will come to you, the banks, we'll lend you at zero interest rates as much money as you like, up to one-third of your eligible loan portfolio and if you decide to lend some of that money out, we will give you a cash lump sum. on those loans. we'll give you money, if you lend the money out, equivalent to 40 basis points. so, michelle, this is a move to try and make it easier for the banks to get hold of liquidity in an environment where as draghi points out, they have a large number of redemptions due in the bond market and to try to reduce the volatility you had in some bank bonds by bolstering liquidity. what was fascinating today was you saw the banks immediately surge in europe from a relatively low base. they're beaten down, they lost a quarter of their value this year. and waves of selling into that bounce, which bought you flat

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 market is more stable, maybe we have to get dragged in a little bit more. people are underperforming and that's the biggest issue into the close of the quarter. >> should we even be looking at the stock markets or should we be looking at the euro instead, which has been what has been useful measure of how the markets see central bank activity. i look at the euro, it

simon hobbs and david faber are off today. weakness in equities continues.xactly flat for the year, as the s&p's gone in the red for the year. of course, the main culprit is oil, as we've seen that rebound in the dollar in recent days on some of this hawkish fed commenta commentary. meanwhile, the justice department is set to announce charges against seven iranians in a cyber attack case. the attorney general, loretta lynch, will be making an announcement, expected any moment in washington. eamon javers is there with more details. very interesting case. good morning, eamon. >> reporter: good morning, carl. it's a fascinating case. it involves intrusions using cyber attacks, ddos or distributed denial of service attacks, against 46 financial institutions over the course of years, from 2011 to 2013. according to the indictment, these 46 financial institutions saw attacks over at least approximately 176 different days. so, they escalated in 2013, and according to this indictment, these iranian hackers apparently worked regularly normal work hours, working from

simon hobbs has an update. >> this is the second all cash offer from the chinese starwood to beat ancash and stock takeover by marriott. the board still has to recommend it as a superior offer. if they sign off, analysts are divided if marriott will counter with a higher bid. but importantly marriott is hitting back, questioning in an unusually strong statement whether the anbang led consortium will be able to close the deal, whether it has $14 billion of financing in place, plus the time it would take the chinese to gain regulatory approval. in new york, anbang received an all clear to buy the waldorf astoria for $2 billion. though the president no longer stays there. the question is whether the committee on foreign investment might object to the chinese taking over hotels that are owned by starwood, that are close to military and other sensitive government locations. that proximity argument has already killed 3-d and tech. in this case, any hotels in question could easily be sold. it would only delay the deal. bigger question might be whether china's insurance regulator would allow

i'm carl quintanilla along with sara eisen, david farber and simon hobbs. cramer is off today.. the presidential race, of

welcome to "squawk on the street," i'm carl quintanilla with sara eisen, simon hobbs and david faber.xpectations. revisions were up and wages stubbornly down.

i'm kelly evans with simon hobbs and michael santoli live from post nine at the new york stock exchangeplied to open lower by 63 points. the s&p 500 giving up six. the nasdaq ten. european markets kicking off their shortened trading week after the easter monday holiday yesterday and doing s in negative territory. the dax down about 0.4%. declines for the f