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economic side, you haven't seen a big improvement. some of the dataout, but not really improving. we aren't upgrading forecasts in the emerging world. all these problems are still there. it has to be market pricing rather than the underlying economics. there are some signs that the data are bottoming out, not getting any worse. we won't be revising our forecast across latin america -- guy: so jthere is a sentiment element, but is there a dollar element? >> i mean, that is going to help. it will hurt emerging markets, especially those with foreign denominated debt. a lot of emerging markets are directly exposed to commodities, and even those that aren't, the trading partners are commodity exposures. with all of that combined, it helps to figure probability to the market story. guy: if the emerging market data are starting to stabilize, does that make the fed's? jo job easier? >> it means i can focus on the domestic economy. if the international situation is stable, or more stable, it means they can go back to focusing on the domestic economy, and the u

but the economic data didn't support that. the economic data was pretty good. especially the consumer spending and consumer sentiment data. so it looks like the recession is off the table. oil is now come back. interest rates are moving up a little bit in anticipation of growth. so i see positive returns for the market this year. like you said, the wild card is earnings. we need to see earnings growth and we think the third and fourth quarter, the back half of '16, earnings will grow again. >> you've given us three stocks. and there is a general theme, dividends and value. so let's start with your first pick, general motors. and they've had some good quarters. >> they have. they've had fantastic quarters. and auto sales in the u.s. are hitting record highs. but there's this pervasive fear in the market that we're hitting the top or the peak. i don't think we are. the company says we're not. i think sales will continue to be strong in the u.s. and globally. this stock pays a dividend yield right around 5%. it's cheap at five or six types earnings. think it's a s

the economic data has not picked up since they hiked. are data dependent they saw it as necessary to hike in december based on the daytime, then there is a strong case to consider a strong hike in march. maybe we will hear that from vents beakers, but we have heard quite the opposite, so it will be interesting to watch the balance between the financial markets and with a vet is saying and what the data is saying -- what the fed is saying and what that data is saying. it is sending a very ambiguous message. alix: thank you very much. scarlet: have global currencies lost a fundamental anchor? alix: wti falling in late trading after the release of api inventory that the -- inventory data. a little bit of the decline in after hours. ♪ scarlet: alix: i am alix steel. "what'd you miss?" our currencies going in the wrong direction? currencies going in the wrong direction? has weekend, why -- akened,, why? not some sort of absolute measure where currencies have to track the two-banged year yield -- two year yield. is relating to different intere

we got worse than estimated economic data out in china on both the services and manufacturing fronts. to theems to be leading conclusion we will see more stimulus not just from the pboc but across the globe.. still showing a decline in the united states, over the last months. take a look at the sectors on the move through the imap, we have seen some usual suspects that are doing well today. large-cap banks, and large cap technologies. those are the two leading groups today. consumer discretionary also higher. the one group that is lower its utilities. i want to check on apple since we have been taking -- talking about it. move data all on this to spew they are having with the u.s. government. but they are rising in stocks, the highs of the session, about 4% at the moment. >> maybe everyone is really into the start of march. i want to talk about oil. we have it at $35 a barrel. was bouncing around close to unchanged, even potentially lower at a couple of weeks during the day. that did not seem to hurt stocks, interestingly enough. we were not seeing a tight correlation. then loyal to a

dollar, economic data. it's going to come from economic profits. that is the missing ingredient. that, as larry says, is the mother's milk of this market. and that is corporate profits that are down and expected to go lower again. >> if there's a set to particularly focus on is the banks. we've had all the wobbles particularly in the european banks. it was definitely contagious. for a point in time, we've seen a couple banks sell off profits. it would just raise the question as to where the banks could go. and it's so crucial for the u.s. economy, i think they could spark those fears that we had had back in january and february. otherwise, the market as we know, very resilient in the last few weeks and in the face of no clear solutions. >> maybe a firming of place of oil, maybe draghi's plans are actually working. >> we will keep an eye on corporate profits. >>> still to come, iphone's new iphone hasn't hit stores yet, but they're already trying to peddle the device in china. a live report coming up. stay tuned. you're watching "worldwide exchange" on cnbc. >>> welcome back. a sp

think the stock market has been stuck in neutral here for a little bit of time, waiting for better economic datafortunately, the consumer data we saw yesterday and the durable goods on manufacturing weren't particularly robust and good for first quarter, sara. but i think that what you're getting is a little bit of a take back from this big move we've experienced, this 13%, 14% move since the february 11th lows. transports had been one of the leaders and one of the strongest elements. so i think you're getting a little bit of a reversion to the mean and normalization there. you're right, volume and breadth have both been extremely light this week. of course, a lot of people gone last week. a lot of people still gone this week. i would expect light volume through themainder of the week. >> as you're rightly saying, we're treading water in the equity markets at the moment. are there any other asset classes that are worth getting into? if you look at the fixed income market, that seems anchored itself given the uncertainty over the feds. >> i think one of the more interesting areas is in the tips m

a deluge of economic data out of japan today. household spending dropping more than forecast, but the unemployment rate declined, topping estimates. meantime, japanese prime minister shinzo abe is expected to announce today that he's setting up a new advisory panel to debate new spending stimulus. in australia, the central bank kept its cash rate unchanged at a record low of 2% as expected. this was also the first time for stocks in asia, as we said, to react to that rrr cut. there's the performance. you have the shanghai comp up 1.7%. small gains, but nonetheless in the face of disappointing data, not bad at all. >> the only other thing i would point out, because everyone is so focused on it s the chinese currency, which was set stronger for the first time in six sessions. also, the japanese yen is weaker. that helped the nikkei recover, even though they got a soft batch of economic data. >> the japanese yen, whilst we're on it, was down 6.9% in february. we saw the dollar move down 1.3% for the whole of february, but the move a

coming off of the week, we really didn't have that much economic data. >> there was one week of economicata of note. investors will get the first chance to react to that today. we had fourth quarter gdp figures, on friday, the markets were closed. q-4 gdp increased 1.4%. strong consumer spending was a key factor. >> but weak corporate profits was the low point which a lot of people were focused on. down a little more than 7% if you take out special factors which is still one of the worst reads for corporate profits since the great recession. can they bounce back in the first quarter. new fed speak to tell you about. san francisco fed president john williams says the u.s. economy in his words is doing quite well. he points to stabilization. strong employment growth. williams suggesting that global development actually preventing the u.s. from returning to normalized interest rates. have a listen. >> we understand that we're in the global economy. global financial system, so what happens in brazil or china, what happens in southeast asia or south america has major impact on the u.s. econom

all the economic data and the jobs report. inve investors are breathing a sigh of relief and maybe things were oversold. you have to take a look at the corporate earnings and they are not growing. we're in a bit of a profits recession. i would say it's going to be touch and go until we can get the earnings to turn around and the companies to start making money again. >> you have to wait for those first quarter earnings to tell us whether this is real or not. china's not going the die. i think we have decided that. oil is not going to go to zero. i think we've decided that. is oil -- is 40 dollar oil enduring here or is it still vulnerable to a big fall off again? >> i think it's vulnerable. if it gets to a point are a lot of suppliers can make money on it then they will come back online. i think we'll be a little bit range bound in oil. if it gets to a certain amount more supply then the prices will go down. overall, oil is good for the consumer and a lot of bad news is already baked in. we already digested it and eats the bad

we don't need essentially better economic data.e just need this idea we're not headed into an economic crash and currency and oil can give us some indication of that. >> jeff, we're going to have to leave it there. thank you for joining us this morning. less than a minute left. just to highlight some things we're watching. sara, i'm looking at the euro. i think what the u.s. dollar is doing is absolutely key at the moment. t the euro starting to slide as we approach that ecb meeting. >> which is painful for corporations. i'm watching the banks. that's been the doom indicator so far for the year. if they rally, as jeff said, we're not heading into recession and it's a good thing. >> well, good ones to watch. that's it for "worldwide exchange." another thing to watch, "squawk box" is coming up next. >>> good morning. super tuesday wins from donald trump and hillary clinton, but the front runners failed to pull off a clean sweep. full results straight ahead. >>> a market rally in asia following us. the stocks building on yesterday's 2

. >>> due to today's better than economic data set the stage for a strong job's report friday? that's the question. steve has the answer. >> reporter: while the nation focuses on the presidential race, markets keeping a close eye on the economy with a major weak for economic data that culminates with a critical job report. the first data was mildly positive today. car sales and construction spending were strong in the downturn and manufacturing didn't get worse. the manufacturing beat wall street expectations and rose to its highest level in five months. it's barely below the expansion line. it's now only contracting a little bit. the big data is yet to come. wall street is still banking on a strong february jobs report. the consensus is for 200,000 jobs. that's up from 151,000 in january. the unemployment rate expected to remain steady at 4.9%. the optimism was buoyed by the paychecks small business index today. the good news is we are seeing it two months in a row in job increase and small businesses under 50 employees. it's across the country. we were seeing under 2% wage gr

so all of the time that the green line is below that, it means economic data has been missing estimates. that obviously has been one of the things that has been weighing on u.s. stocks. stocks will be closed tomorrow when g.d.p. comes out, it will be interesting to see what happens on monday. david: some streaks are in danger today. julie: as you talked with stocks and asset classes, the dollar index will have the first up week in four, we have seen some reversal there. some officials have talked about the possibility of seeing interest rate increases perhaps sooner than the market anticipates. the s&p 500 setting up for its first down week in six. as you can see here, a pullback of about a half percent. and commodities reversing direction, the first down week in five as we look at that 2.5% decline. put another away, i made a chart of this and here was the dollar and this goes back to mid-february when we saw really stocks and commodities bottom and then head higher. the dollar had been heading lower. that was the trend until this week. so we want to get to see the stocks and commoditi

people who study japan are reading through the latest batch of economic data. they're finding out about people's spending habits and the country's job situation. ai uchida joins us from our business desk with the latest. ai, how is it looking? >> catherine, it is a mixed picture today. there are more jobs for job seekers than there have been in decades, but people's incomes are going down. and that means they have to be careful about what they buy. so let's start with household spending. japanese shoppers were frugal in january, marking the fifth straight month of decline. officials at the internal affairs ministry say spending by all households with two or more members fell 3.1% in yen terms from a year ago. on average, households spent about $2,500 a month. meanwhile, the average monthly income for workers' households stood at $3,800, that was down 1.3% in real terms from the previous year. and the ministry officials say the unemployment rate in january was 3.2%. that's an improvement of 0.1 point from the previous month. officials at the labor ministry say t

so it's our belief that the improving economic data in the u.s. is going to help the economy really weather any type of rate increase and let's just be honest, at this point the fed is pretty much on hold while the rate increase is on the table, it probably will not come until the second half of the year if at all. >> would you agree with that is. >> i don't know. depes if inflation keeps moving to the fed's target, as oil rebounds, that's one of the factors in the inflation outlook and could push the fed to do more rather than less which would be a mistake. i would prefer they're on hold. china's exports dropped 25% in february, their car purchases also fell internally. they're not strong internally, not strong externally. the rest of the world is effectively in recession. i would prefer the fed does nothing but if we start to see this commodity rally continue and inflation move toward the 2% target the fed has, this raise rates based on what they've been telling us for quite a long time and a policy error like that could upset the apple cart. >>

little changed, in fact, as investors digested more upbeat economic data, higher oil prices and results of super tuesday's contest. by the closing bell the dow jones industrial average rose 34 points to 16,899. nasdaq gained 13. s&p 500 added eight. >>> the markets are getting their first chance to digest results from super tuesday. many investors were looking for clarity and last night some may say they got it. the front-runner strengthened their leads. donald trump and hillary clinton rolled over their rivals in many states. and as john harwood tells us, the two are already looking ahead to the next big primary contests. >> reporter: you can look at the super tuesday primaries in two ways, did they snuff out hillary clinton's competition for the democratic presidential nomination and donald trump's for the republican nod? no, they didn't. did this push clinton and trump further down the road to victory? yes, they did. first the democrats. bernie sanders won four states, colorado, minnesota, oklahoma, home investigate of vermont. that's okay but hillary clinton won seven including the

now, let's take a look at the economic data because so far on balance the ones we had, major economic on balance. on tuesday, manufacturing came in better than expectations. adp jobs came in better than expectations. a little bit of a misyear. iam services. the big debate is whether it's justifying the kinds of moves we've been seeing. the jobs numbers will be key tomorrow and the guys are saying they're keeping an eye on oil. not much happening right now. the other thing is to keep an eye on whether we see any activity perhaps transportation stocks as well. back over to you. >> all right. dom. we'll keep an eye on oil and wait for the jobs number and now we'll keep an eye of interest rates. for that we head to rick santelli in chicago. rick. >> good morning. a two-day chart tells you all you want to know. we going sideways and yesterday and today are somewhat dicey stock days. not that they didn't spend time in positive territory, not that we can't come back from a dow 38, but it certainly sees as though the catalysts, our jobs, jobs are important for the fed, the fed is really what'

not a lot of economic data to give us much reaction, so drifted lower. the s&p 500 turning negative for the year. it was the worst day for the dow jones industrial average in two weeks. eight out of 10 groups down with energy and materials leading the way. tracy: it was a short-lived journey into positive territory. like four days? dow is still in positive territory for the year, up almost .5%. but it was the story of oil 12in with chevron wiping off points and in terms of the worst leaders, you had devon and chesapeake, the worst performer on the s&p. overall, you had lower gas and an unwinding of risk that we saw. we saw safe havens rally a little bit and saw them come down later, but u.s. treasuries are definitely rallying. japanese 10 year government bond. it has reached a new all-time low in terms of its yield. check out the chart of volatility. it is at a 17 year high because the doj is buying them all up. we get trades, they tend to be quite volatile. you talk about safe haven -- the dollar continuing to build on its rally. day for the fomc announ

the economic data is telling us half the picture. he data comes in stronger this is a cycle we've seen twice since september. data comes in strong, dollar reacts, you're strong on currency, you know a lot about the dollar. as the dollar strengthens, that crushes commodities and emerging markets, hurts china, then we go into another risk off. we have been through this twice. credit risk is vetoing the policy path and it's overpowering economic data. >> erin, i wanted your take on equities. we're not seeing much reaction in stocks. the dow up about 10 points. it cut its gains in half it does feel sluggish. coming off a low volume week want direction do you think stocks are headed in? >> i see somewhat similar likellik like larry. we have people spending money, yet we have this huge drag on overall earnings from the energy side. you see that ultimately in the earnings. 1.5% earnings growth. the second worst year for earnings growth since the economic recovery. for me, that means we'll see us hovering, going back up and down but staying r

up next, the latest economic data from china. ♪ rishaad: getting you back to markets.os being priced into the markets, potential for market rebound. what gives here? >> it is a situation where there therowing confidence that u.s. economy, the world's largest, still on track in terms of economic expansion. i think there is growing confidence and growing expectations that we will see another federal reserve rate hike sometime soon as result, very much underpinning risk assets. the expectations of fed tightening is a positive for the market. saw what markets did at the beginning of this year, so quick, so far down, you think that it will overshoot. is that what happened? >> it did to some extent. but what is interesting for our clients is a barometer of how worried investors were during that's a love, suggesting to me that they are not over leverage, and we can see risk assets climbed steadily higher against that improved backdrop in the u.s. rishaad: world credit spreads, what are they telling us? credit spreads are not indicating any significant near-term concerns. othe

ahead of all the fed events, we have plenty of other economic data to digest. the february consumer price index and housing starts out at 8:30 a.m. eastern time. 9:15 a.m., february industrial production. fedex reports third quarter results, which are always a good economic read, after the closing bell. >>> let's check in on global markets this morning. futures pointing to a slightly positive open. the first two days of trade this week have been the two lowest in terms of volume for the year as a whole. clearly markets treading water a little ahead of that fed decision. that fed announcement, we're looking at slight gains today. the dow up by 17 points in premarket trade. let's have a look at europe and asia as well. we're seeing some gains in europe. not too pronounced. again, slightly treading water ahead of the fed decision. germany, though, up by 0.6%. italy up by just over half a percent. asia, we saw a little more red, a bit more mixed performance. again, the main focus, what will janet yellen say? >> and commodities a little stronger with oil rising, givi

the economic data in the u.s. has been better. this is a data-light week.his is an earnings-light week. that's where central banks come into play with the currencies. that's going to be the first reaction. that strong dollar has been so painful for u.s. stocks. this whole idea that central banks just don't have what they used to have to juice the mar t marke markets, it's going to be tested today. that's why the ecb decision and reaction is going to be so important. >> i agree. i think the fact we've held on to gains is important, though i'd say it's not been a strong performance. u.s. equities, i'm not sure they'll react that much to what happens in europe. i think the european markets will -- for me, the u.s. is responding to two key things. one, oil, which is ever present in the last two or three weeks. two, what we might see from the fed next week. that's why it's treading water a little this week. we haven't seen strong gains or losses either way. but it has continued, as we've said, six days out of seven with gains, albeit in a more muted fashion. >>

economic data. what on earth do you make of it as an investor?> well, you know, there's sort of some conspiracy theorying going around about was there a plaza accord during the latest g-20 summit and did the fed talk to the pboc and the pboc convince the fed to kind of go slow, keep the dollar down, because if the dollar goes up, it puts pressure on everyone. now it sounds like some of the fomc is sort of backtracking on that, even talking about an april hike, which i think is silly. a june hike, you know, the odds are 50 right now. it's a coin toss. we're back into the same mode of how the numbers stack up. >> got to leave it there. thank you. >> thanks. >> that's it for wor"worldwide exchange." "squawk box" is coming up next. announcer: if the hardest part of your day is the staying awake part... [train horn blares] sleep train has your ticket to a better night's sleep. with a 100 night low price guarantee, sleep train's love your mattress money back guarantee, same day delivery, plus helpful advice from the sleep experts, it's no wonder more t

economic data and europe continues to feed this expectations. >> and if there's a fly in the ointmentwhat is it? >> volume. >> thank you for that. volume once again is week. you wonder if there's a lot of conviction behind this rally. we have the beige book. no one is ready to call an end to the volatility but need added evidence from the data later this week. >> we always need more. >> but march coming in like a lion. >> nmary thompson as we close ot a good gain, the nasdaq even stronger. ringing in the closing bell here at the new york stock xhafrexch as we close out this first day of march. let's figure out the effect of what super tuesday is going to be on the closing markets. i'll see you tomorrow, kel. >> it is super tuesday on wall street. that's for sure. welcome to the closing bell. i'm kelly leaevan, the dow up 3 points the best first day of the month in about three years. 2% gain there and 2.4% gain for the s&p 500. stocks broadly up 45 points on that index to 1978. the nasdaq outperformer all day true on bell up almost 3%, 2.89%, adding 131 points and couple of other green

this is as the economic data indeed has disappointed versus what economists have been estimating on ais. this is the zero line for the citigroup economic index. it's economic data that has mystics -- estimates. some strategists saying that we will see an improvement on this. shouldmple of that, they spur better performance. david: what about the other assets, year to date? julie: we have talked about oil and gold going in opposite directions, recovering enough now year to date that it is up 6%. gold is still stronger as we have seen some concerns in global economic pictures. we will get more on gold in just a few moments. finally, the 10 year. taking a look there, as we have seen the yield go down to 1.7% as we have seen some buying of treasuries this year. the irony here is that we continue to see rates moving lower as there is still anticipation that we will get at least one interest rate increase somewhere down the line. i use a much, julie hyman. mark crumpton has the first word news. mark: the georgia governor vetoed the religious exemption bill aimed at protecting same-sex marri

right now futures are lower here with no major economic data out today. >>> and just ahead, one of the biggest upsets in nba history, and a painful mascot mishap. sports iext.upt. fngsalwathe . syms worbecause het isn't mpg we. aterng rm) ab per of peoe die whimpering) but ths someg yodo. to yo dtor hearilurtmenons. cae th you the liku ar(d whimpering) p itng. er dis jimn deghts wital egg whites, lean cund whole eellent softe, ls hwith ey helr throhering.wi jimmy dlighod rningsd to greays. choose ymatc w reolorstay 2-in-ac exly-matoundn andnceale deliflaw, complooklast se l revlonstayn-1 act. gups on flie the n n'eat. ittly no s arweet cerispieats make eashop! w ny ws n yo crace,op? >rning onda" a f chariticncsagan ly >>> bnguid u ft's aloneth upts ihiy.thendi s ei loss of se kot pnd stepry score onst13%mthe-pola l,ak won. >> bernid hwn n swrg ashiur fd tpric >>evin d h illi tripped double. they hajj on to take the hometown win. >>> chase utley'stwo-game suspension has been dropped for an incident that rted in a broken leg during the 2015 and series.avsincte n ruletheest ehen clionoccu

that has been helpful in driving the macro economic data than many expected.didn't quite work in the same way in france which made spain more of the casino's problem. we mentioned brazil which is a country and the trouble and deep recession. on the currency chart it was one of the second best currencies. chartthis is a five-year that shows deterioration in the trend is the rising the brazilian reality. things are turning around a little bit in 2016. a lot of expectation being built. i was reading about whether the stock market is not looking so overboard since 2003. a lot of it is to do with the politics and what action will be taken against them. >> am not a great expert on the equity market. the politics is a mess and looks like it's getting worse. the rate at which imports are declining in the retail sector is dramatic. the exports have fallen as well, but not as much. which wete of change have never seen before. many emerging market countries having horrible currency performance in the past, exports falling but not quite as much, and that's turning it arou

we got some pretty good economic data, construction spending, manufacturing came in okay., oil was up again today. oil closed at 2:30 eastern, everybody dug in. u.s. stocks came into the market, and this is where we are right now. the s&p up 41 points, the dow up 317, almost 2%. the nasdaq, the outperformer, technology is right behind financials in terms of sector performance today, up about 2.5%. the leading issues on the dow, you've got jpmorgan and goldman sachs. you basically have a situation where some of the earlier data was hard on the inflation front. people are starting to think because of this better economic data we may see later this year interest rates going up and, as you to know, higher rates mean better profits for the banks. on the downside, the number one and only losing issue on the industrial average today is the one you see there on your screen, united technologies, down about 1.9% off $1.83. if you've been following utx, you know it's been tangled with this deal with honeywell in the aerospace sector and, basically, utx isn't interested in playing bal

david: we of economic data about consumer spending. sentiment seems to be there is a lot of apprehension of the equities market. you have got converse, equities looking at economic data that is so-so. how do you process all of that in your capacity? >> that is i you break your neck, looking over your shoulders twice. the day, the consumer is also looking at the better job market, housing market. savings rates they have not seen for a while. but are not involuntary unplanned. the money trickled in when it did not go out the door. they cool the house, run the car. that is what gets people to spend. once the american consumer gets going, he or she is like a russian army. they are hard to stop, very powerful. he gets the consumer going. the animal spirits return. the fed has done what it set out to do all those years ago. lisa: what do you say to people that say fundamentals do not show gains but suck markets are suggesting, we are worried about the level? .> i don't see a bubble i have been told that myself. i don't see a bubble. i see ma

has it's good change tomorrow after we get some economic data.here is the last one for the 10-year, and it shows the yield, which implies there has been buying. it has slowed down to some extent. lookingo show you wirp, at interest-rate probability. we are seeing christ -- priced in a chance of a 53% chance seven increase at the meeting. thesel be looking at numbers again after the jobs report. finally, the commodity markets today. we are not seeing a lot of action when it comes to oil prices today. very little changed. gold is catching a bid. and copper is worth mentioning. we have been seeing a winning streak for copper as traders that there will be additional stimulus added in china, which is a huge market for that vonnie: metal. vonnie: thank you for that update. let's check the news headlines. mark crumpton has more. mark: thank you. donald trump is firing back at mid romney, who today made his case why trump should not be the republican presidential nominee. speaking at a campaign rally in saidand, maine, trump romney was a disaster as a ca

the economic data is decent but that's still the cloud, the earnings outlook. thank you so very much. a tough week for the banks. , do follow them on bloomberg. that is it for bloomberg markets. "what'd you miss?" and the market closes next. here are your major averages four minutes out. ♪ ♪ we moments away from the closing bell. . am scarlet fu alix: and i am alix steel. joe weisenthal is off today. stocks are closing higher this friday and we are going for our best week since december, 2011. scarlet: but the question is, "what'd you miss?". alix: hourly earnings declining for the first time in over a year. scarlet: and we look at the new world order for oil. it could be no longer in a freefall. alix: and digging into a cheap price, if it means good value. scarlet: we begin with the market minute. these are recovering from early losses, now gaining for a fourth straight day, the longest stretch since october. the jobs headline number was strong, but wage growth was really not there. ioo

economic data, but you have the bond sale in china driving demand. vonnie: that was phenomenal this morning. of theme to get a check headlines. the legal fight between apple and the u.s. justice department is being waged on capitol hill today. a locked iphone ballon into one of the san bernadino shooters and whether belonged toone that one of the san bernadino shooters. director comey: we are asking apple take the vicious dog guard -- guard dogs away. and let us pick the lock. sewall will testify later this afternoon. apple has called the government's request to create specialized software to unlock the phone "dangerous." more than a dozen states and territories will hold primaries and caucuses on this super tuesday. polls indicate donald trump will contests.f the the big fight is for second place between marco rubio and ted cruz. bernie sanders is hoping to win against hillary clinton in massachusetts. mrs. clinton is heavily favored in the southern states that are holding primaries. join us for a two-hour edition " forith all due respect special co

. >> there is evidence by the economic data to justify a further step at one of the coming meetings. a further step in raising rates, possibly as early as the meeting scheduled for the end of april. >> the european central bank and the bank of japan are essentially trying to push down the value of their respective currencies with the use of negative interest rates. that is according to the view of mervyn king. >> the central banks are trying to push down the exchange rate. are countries in the world saying, if the rest of the world was going normally, we would be fine. what is left? push down the exchange rate. not everyone can push down the exchange rate. most countries are trying to do that at the expense of the dollar. now the federal reserve is concerned about the strength of the u.s. dollar. >> preparing to defend his budget. is talking about his deficit reduction. brushing off decades of distrust, barack obama and to been president raul castro have shaken hands. both men expressed hope for the improving relationship, but also highlighted deep differences. >> the relationship be

also looking at the clearly volatile set of economic data out of japan, showing more volatility. here is david. david: certainly one of the harder ones to figure out on the forecast. it is similar when you look to aussie jobs. japan, often the news coming out of the indicators, very much surprising to the upside. that is how it looks month on month, up 15%. core machine orders. the median forecast was just under 2%. the most bullish was for about a 9% increase. you can see that beating estimates. -- can we put the charts? they were median and higher than the highest and, very much concert -- highest and, very mu. perhaps we will see 40 orders. let's talk about this big deal in the chinese property sector. two companies involved, the news broke this morning. we are talking china overseas saying it will gobble up a residential aspect in a deal worth 31 billion renminbi. china shares, at shares. 13 hong kong the buyer, which is the one on your screen, will basically take ownership of property projects across 25 chinese cities representing about 24 million square meters. according to

all in all, no of alarming figures, the price of food always a key veritable in the chinese economic data, especially consumer prices and the fact that lunar new year holiday falls in the middle of this report. that tells you why we saw these price gains. if prices continue at a moderate place, then sensually all is well and the pboc can keep its current pace of monetary policy. rishaad: japanese power companies, looking at that later on in the show. we want your opinion. korea keeping rates on hold this morning. sprang and easing surprise. markets look ahead to the big one, what does the ecb do when it needs? -- when it meets. draghi expected to deliver the goods, but take a look at what we had so far. two diversion decisions, korea a close call, seven out of 18 economists seeing a cut, but keeping rates on hold. bok cited rising debt levels for keeping rates on hold. it says it has been rising to greater levels, also capital flows in tents of fine, weakening the yuan, also a reason for the bok to hold. low, consumption weaker, sentiment sluggish, global risks prevail. we heard this from

back then, we ran into a tough of economic data and we ran into a difficult time as it relates to the dollar and oil prices. we don't believe we are going to see that this time. i think a sideways move more than a return back toward the lows is more likely for this market. one thing we can bet on, volatility is here to stay. a guest from deutsche bank had a different view. hero day know note that he believes borrower bash -- barring some drastic piece of news or the dollar suddenly surging or something coming from china, the market can go up another 10% -- when you hear something like that, do you think he is off the reservation? what it would take is an ingredient that is missing, earnings growth. turnaroundto have a in earnings growth and that does not appear to be on the horizon for this quarter just ending. upturn latesee an this year and even early next year given some of the drags. way to see that kind of momentum in stock prices. i think we're going to mark time and remain in this volatile range. paying too much attention to the dollar? is the fed weighing too much attention? g

not a great deal of economic data out of asia today but we will be watching india where there is also bad news. industrial production data it's like it's heading down for the third consecutive month according to economist estimates. not far short of $1300 an ounce, what does that mean for the region? david: we will be watching in australia. some of the big gold miners tend to do pretty well when a lot of other people do badly. in terms of other results from the housebuilder in china that had a hostile takeover bid, we will be watching for annual results from them today. scarlet: china may soon ease again. giving the pboc room for more supportive monetary policies. when and how will they act? joseph, thanks for joining us. what is the next move from china policymakers? the news coming from the ftc meeting, trying to add a little more stimulus to the economy. as you said, scarlet, with the currency stabilizing a little bit and the pressure coming off it will allow them to ease their rates a little bit. sometime soon within the next order were looking for another rate cut. scarlet: how m

economic data including demarche job-search tour.ove markets. checking your stock market futures this morning, of course have five weeks had passed with the callback. dow futures this morning at 55. s&p futures up 7.5, nasdaq up 18. monday morning. welcome back. you are watching trends have been, it your first look at money market and breaking news. these non- ♪ nicole: good morning to you. 5:44 a.m. in your hair get up, get ready. what is happening right now. socialist senator bernie sanders picking up big wins after suit in three states in the race for the white house's senators easily beating hillary clinton in alaska, hawaii and washington state. so far it could do for delegates, hillary clinton is just over 1700. sanders has just over one. it takes nearly 2400 to actually win. 65 people were killed and more than 300 others wounded in a bombing in a park in the horror pakistan. the park was crowded with christians. celebrating the easter holiday. pakistani factions creating responsibility for the bombing. two more americans confi

that trade directly with the federal reserve, says they should raise this month if the latest economic datay guide. the chief economist for the company in new york says manufacturing, factory jobs, consumer spending, and inflation are all improving. the u.k. would generate less economic growth and a drop in investment if voters decide to leave the european union, that is according to black rock, the world's largest money manager. ite chairman hildebrand says offers no obvious reward. london is the stock power capital of the world, generating more jobs and proving more diverse the other cities. that is according to thde loitte. creating 200 35,000 new skilled jobs in 2013. london now employs 95 nationalities. and the rapidly warming tides between cuba and the u.s. will see the rolling stones play in havana. they will be the most famous western act to perform their since the 1959 revolution. concert planning a free in the cuban capital, and a country that once persecuted people to listening to rock music. the latin america tour, the band says it will be a landmark in their six-decade career.