we have a big guest lineup for you this morning, including barry sternlicht. we'll be talking to the ceo of panera bread, ron shaick. at 8:15 a.m. eastern, we have an exclusive interview with treasury secretary jack lew. steve liesman will be here with that. we'll be covering everything from economic growth to slapping sanctions on russia. we start this morning about a look at the markets and a focus on what's been happening with the fed. the federal reserve will be releasing the minutes of its last meeting on march 18th and 19th. that is expected at 2:00 p.m. eastern time. market will be looking for hawkish comments luing anything related to the discussion on changes in forward guidance. that will be happening at 2:00 p.m. eastern time today. if you take a look at where the markets stand right now, the futures are indicated higher. dow futures up by 33 points, s&p futures indicated up by 2 points and the nasdaq up by 9 points. the major u.s. average managed to snap a three-session losing streak yesterday. although it wasn't much to write home about. the dow a

>> bank of virginia running as, barry sternlicht, unfiltered.ck in a few, stay with us. ♪ >> it's time for bloomberg's "on the markets." the u.s. markets are losing some of their earlier danes. the nasdaq is slipping into negative territory. shaking offas been the worst decline in two weeks it's on friday but not managing to maintain that. the s&p 500 is losing steam and picking up steam to the downside in financials and materials and consumer discretionary. telecom is still positive, up by about one percent. the individual stock want to highlight is amazon. it is continuing to get pummeled after friday's 10% loss. the spending spree in amazon continues and it looks like investors seem to care. the investors that the company is looking at an investment loss. of the biggest losers in the s&p 500 is newmont mining. two companies are agreeing on a proposed spinoff of company mines. companies have been hit by local prices and high cost leading them to try to find other solutions. coming up next, we'll go back to beverly hills or more from the milken

. >> they also caught up with barry sternlicht from starwood capital.e shared his real estate investment strategy and is taken the markets. >> i like the tree shaking. i kind of like the market reeling and dropping 100 points. i like keeping fear in the market. i like keeping people paying attention. it's good for discipline. he keeps them disciplined. they remember the fear factor. one of the problems today for real estate is you go back five years and you no longer pick up the 2007 crisis and now everything looks good. the investment cycle does not work like that. they have big lumpy humps like camels. [laughter] pay attention here -- >> big lumpy humps >> big hunmpy humps. all of this is driven by the investment market. i was just reading a report from moody's on the cmbs world and how valuations are creeping up and you're not anywhere near the mess you had with free credit in early 2007. you are certainly coming out of that. >> because there is so much money sloshing around, does it make you more inclined to sell by? >> for sponsors like us at starw

i want you to listen to a sound bite from barry sternlicht on "squawk box." let's listen and we'll react. >> you're seeing enormous investor interest in europe, and probably ahead of the fundamentals. distress, guys, whether it's distressed credit, distressed equity guys, everybody is looking at europe. that's where most people are comfortable. i think the bond market in europe is telling you things will probably be okay. >> now, barry is a guy who's seen markets through a real estate prism for a lot of his career. what do you think about the premise that he makes, that europe is the place to find some opportunity right now? >> europe is the place to be able to find more accelerated growth. we're talking about in the u.s., valuations becoming stretched and there are attractive opportunities in europe. what's interesting to note, the way we're playing it, we think trade has reversed. and whereas before it was about investing in the call, in france, germany, and being more cautious around the edges, actually we think you've got to re-examine what you mean by ri

we have a big guest lineup for you this morning, including barry sternlicht.shaick. at 8:15 a.m. eastern, we have an exclusive interview with treasury secretary jack lew. steve liesman will be here with that. we'll be covering everything from economic growth to slapping sanctions on russia. we start this morning about a look at the markets and a focus on what's been happening with the fed. the federal reserve will be releasing the minutes of its last meeting on march 18th and 19th. that is expected at 2:00 p.m. eastern time. market will be looking for hawkish comments luing anything related to the discussion on changes

. >>> tomorrow on "squawk box", guest host barry sternlicht will talk real estate, energy, the hotelnd a lot more. plus, an exclusive interview with treasury secretary jack lew. "squawk box" starts tomorrow at 6:00 a.m. eastern. 6:00 a.m. eass could save you fifteen percent or more on car insurance. everybody knows that. well, did you know bad news doesn't always travel fast? (clears throat) hi mister tompkins. todd? you're fired. well, gotta run. geico. fifteen minutes could save you fifteen percent or more. today is tuesday today, we greet you. treat you. care for you. today, you can come to cleveland clinic for anything, everything or just to get that "thing" checked out. big, small, and yes, the best heart care in the nation. it's here everyday, for everyone. that's the power the power, that's the power of today. cleveland clinic. call today, for an appointment today. . >>> welcome back to "squawk box." cnbc has learned that tech hedge fund coto is returning $2 billion from its flagship fund out of $7 billion total. a letter cites volatilities that caused the fund to lose 9% of i