The ftse is flat. Cac is down by 0. 16. The dax is off by a half percent. Looking at the treasury market. The tenyear yield is still deld below 2. 4 . Now at 2. 35 . Crude oil, syria is not a major oil producer. It produces the 66th market in the entire world for oil production. Any time there are bombs in the middle east, as pointed out, you see a reaction in crude oil. It used to be you sthuthoughe arab states would immediately look at us as on the other side. Jordan is dealing with such a mass influx of people who have been left behind. The knee jerk reaction was the straits of hormuz i can remember in previous the beginning of things. This was a targeted strike. Its not like 1991 or the shock and awe, but oil would go up 10 . Go up like 8. 91 it went up 8. Syria has been a problem for all the middle east neighbors. But at this point, even the oil reaction is muted. 100 point drop in futures is like half a percent at this point. Even that wasnt big. You figure in the old days, middle east conflict, look at the oil markets, what happens. Even thats muted. Now you look at the relationship with china and north korea and the relationship with russia. Thats what this ultimately turns into in terms of gaming out whats next. In addition to focusing on whats going on in syria, the other number well get in the United States that folks are looking for is the march employment report. That will come out at 8 30 a. M. Eastern time. Forecasters expect 175,000 jobs added. The Unemployment RateHolding Steady at 4. 7 . Our top story this morning, the u. S. Military attacking a Syrian Government airfield. 59 tomahawk missiles last night. The strike was in response to a chemical weapons attack on tuesday. Heres President Trump from last night. On tuesday, syrian dictator Bashar Al Assad launched a horrible chemical weapons attack on innocent civilians. Using a deadly nerve agent, assad choked out the lives of helpless men, women and children. It was a slow and brutal death for so many. Even beautiful babies were cruelly murdered in this very barbaric attack. No child of god should ever suffer such horror. For more on the air strikes, matt bradley joins us now from beirut. Good morning, matt. Good morning, joe. As you mentioned, this was a a lot of markets dont seem to be roiled by this news. While it is true donald trump and this new administration are wade nothing a shark tank, its a an extremely complicated situation on the ground. Its not surprising that markets have not stood up and taken notice. A lot of people in the middle east and the reaction so far has shown people dont necessarily believe this will be a decisive attack, that will be sustained. They see this in the same way that so many in america see this that donald trump painted himself into a corner abowith bellicose language about the assad regime and his predecessor. Thats what theyre seeing. This is little more than a warning shot or a shot across the bow of the Syrian Regime. Recently we have had fresh news that the wall street journal is reporting that the Russian DefenseMinistry Says only 23 of the 59 tomahawks launched against the Syrian Regime base actually hit their target. Now, this again from the russiarussian s who have an interest in saying the missiles have not hit their targets. Nbc will check with the pentagon to see if thats the case. That would be startling if true, that less than half the missiles were able to hit the targets. Again, reaction is still pouring in. Its coming from the same corners that you would expect, saudi arabia, turkey, israel are praising this move. Saying this is a Decisive Action against the horror of chemical weapons. Iran, the Syrian Regime and russia have come out saying this is just going to be emboldening al qaeda, isis, and other jihadi elements that donald trump actually ran on trying to subdue in the middle east. Its a very confusing situation, but so far the reaction has more or less fallen along the usual lines you would expect. The fault lines dividing the i ry i iranian interests and other interests. For more, Michelle Carusocabrera joins us from cnbc headquarters. Good morning. Good morning. Well run through seven charts here that will show you what the impact was on the markets when we learned the news last night. Roughly 9 00 p. M. Look at wti, you guys have already talked about this. 1. 5 move. As you mentioned, syria is not a big producer of oil. They havent been allowed to export since 2011 when sanctions went into place. That doesnt mean they dont sell it illegally. Theres been evidence of that. But perhaps this leads to a wider conflict within the middle east. You can see that knee jerk reaction of 74 cents on wti. Thats off the highs we saw in the Immediate Response to the attack. Safe haven moves were predictable. Gold moved to the highest level since november 10th. You will see that on the intraday chart. Thats the highest level since two days after we lrn edlearned results of the election. The twoyear treasury hit a low of 1. 202, left level since february 28th. You can see the intraday move last night as well as safe haven buying led to a decline across the yield curve. It was most notable in the twoyear. The dollar initially sold off and then rallied as we saw safe haven trade there. You can see that move. Lets show you specifically against the ruble. When we show you this chart, youll see at the bottom the dollar. So thats the dollar strengthening dramatically against the ruble. You will now get five more rubles per dollar than you would have gotten before the strike. So 56 rubles per dollar. Definitely weakening there. South korea, we saw a reaction in all the asian markets which were open at time. A lot of them recovered with the notable exception of south korea. If you are watching president xi in maralago with President Trump right now, this attack happens, and it makes very clear that President Trump is going to act decisively when he wants to. Hes not going to consult with the International Community first. If youre wondering what his reaction is going to be to north korea, maybe this emboldens your brief when he says well work alone if we have to if the chinese dont help us out when it comes to north korea, perhaps thats why you see such a weak response in south korea. As becky noted at the top of the show, markets have come back from the lows but Immediate Reaction was negative. Back to you. Thank you for that. Well talk to you a lot more today. For more reaction on the military action taken in syria and the next possible steps for the u. S. , lets bring in retired colonel jack jacobs. Good morning to you. Good morning. Help us try to play out the next permutation, if you will. What comes next in terms of military action and just as importantly what comes next in terms of our relations with others, including the chinese. President trump meeting with the president of china today and last night. May very well be there isnt anything. Marco rubio said overnight this was a strategic strike, and it wasnt, it is just a tactical strike. Very limited strike on one site to achieve a small number of very limited objectives. One of which was to convince the assad regime not to use chemical weapons again. And to that extent its probably been successful. Its unlikely he will use them again. Dont forget also that the president was playing to a domestic audience. He had castigated the previous president for drawing a line in the sand and not doing anything about it. So he actually had to act. Because it was a punishment strike, he to act very, very quickly. He had to do it last night or tonight or tomorrow night. The sooner the better, if you try to get International Support for it and go around everybody and say, are you in this with us . Will you support this . Youre not launching this punitive strike until, like, two weeks from now. And you cant do that. Whatever the punitive strike is, it has to be in close temporal conjunction with the act youre trying to dissuade. So many people pointed out the chinese delegation is only here for 24 hours. Some say beijing might be embarrassed by this because it looks like its a shot across the bow when it comes to north korea. Do you think thats the case . Is the administration here making a point that we will act when we choose to do so . Or was this something that maybe they could have waited 24 hours . No, i think there was some im not a fan of single factor analysis, theres lots of reasons why it was launched just when it was. I think one of them is because xi is here. It was important to send a message to china, who has been obstructionist in trying to get the North Koreans to abate what theyre doing, it was time to send a message to china that they need to be involved with the United States in stopping whats going on in the korean peninsula. Didnt want to wait until x wi t went home. We talk about this being a tactical attack. You saw comments from mccain and others suggesteding that we should have taken out even more. Interesting question. At the end of the day almost anything you do in business and government and your personal life really has to be objective oriented. What is it that we were trying to do . If what we were trying to do is stop assad, convince him not to use kchemical weapons again, we probably did what we needed to do. If you want to do more, the objective is to take out the assad regime, youre talking about a long, drawn out exercise. You have to get the russians involved in it. You have to get 200,000 american troops, a multinational force. Were not doing that. And weve destabilized a region by getting rid of a dictator before. We tried that before. It never works. We tried it several times, hasnt worked a sing the time. Single time. We did it last time because of weapons of mass destruction. Supposedly this guy doesnt have more. We a we crossed the red line, hothey were supposed to get rid of the chemical weapons. That didnt happen. The same rational that got us into the last war could be use r raised again. This guy has chemical weapons that isis could eventually have. It is a direct threat to the United States at this point. Except once bitten, twice shy. At the end of the day its always easier to take an objective than hold on to it. We discovered that in iraq. We will no problem taking iraq, but holding on to it required many more resources. I thought they got rid of all of them. This is seniis sarin, this is p the worse. You believed the secretary of state, ymaybe you shouldnt hav done that. And susan rice. I believe everything she says there. The last thing we want to do is politicize this at this point, but i wonder how much he has. Supposedly they got rid of 99 of the chemical weapons. The law of large numbers says he still has more. I dont think well bother with that now. We think that we made a point and hes not going to use them again. At the end of the day, like i said, this is a tactical strike, it is not going to change the long arc of the war inside that country. It will take political solution, not a military solution because were not nobody is willing to expend the resources to go there and stay there a long period of time. Colonel jacobs, thanks for joining us. The other major geopolitical story were covering, President Trump meeting with president xi at maralago. Kayla tausche joins us now. This military strike is overshadowing this, how is it all playing out . Overshadowing is the perfect word. It was a relatively friendly interaction the two president s had during dinner, but immediately afterward, according to nbc news, the president and his cabinet members went to a secure location to address the syria situation, then you saw all the statements from the cabinet and president after that. Interesting to see the comments that the administration provided. One that secretary tillerson specifically offered. Theres been questions about how this changes the u. S. s strategy towards syria and the middle east. The secretary of state last night said i would not in any way attempt to extrapolate to a change in our policy or posture relative to military activities in syria today. There has been no change in that status. But there is a question, as you were just discussing, of how strategic the timing of that strike, happening last night, while the chinese delegation is here for 24 hours, whether that was strategic or just symbolic. Either way, marco rubio told nbc news last night that its a sign that President Trump is acting more president ial. Its one thing to be a president ial candidate, its another thing to be president and confronted with that reality. Tonight was a part of that. Theres a saying actions speak louder than words. China has come to doubt many of the words that the president has said because they lack certain credibilities. But you cant deny actions. It is the approach now of the administration to approach the discussions today, bilateral meeting, working lunch, from a position of military strength from a prior position of coming off legislative setbacks. Kayla, i guess i wonder how this changes the calculus for what we expect to happen in the meeting. We had some High Expectations coming into this. Perhaps progress made on north korea and trade what is the new sort of bar thats been set to see that this is a successful meeting . The administration cautioned against wanting to see specific deliverables, specific results noting that its just a oneday meeting, and that the two leaders and two sides are just meeting for the first time. That being said, the north korea situation is an urgent one. As much as china doesnt want north korea to collapse, because they are an ally, they fear a unified south korea and north Korea Alliance even more. It will be interesting to see whether this changes the calculus of how the talks provide, whether, in fact, china now believes that the u. S. Would be willing to take military action from south korea because the feathers have been ruffled, so to speak. And perhaps this does change the conversation. Kayla, thank you very much. Coming up, much more on the reaction in the markets to last nights air strikes in syria. Plus well get you ready for todays jobs report. Employment predictions straight ahead. And later, Neel Kashkari taking on jamie dimon over too big to fail banks. Kashkari will join us at 7 30 a. M. Eastern in a first on cnbc interview. Squawk box will be right back. Ar ptheres no other to this. Itsve ive permane escaperom monototo. Ounses ake,he rg o. Perftly baed, i thi sudden, t th if ve somhing. Set ite. Seyou ound, giulia ve somhing. The power of t nq mark. The powe 100 of t worstop compies. Power of af. The r ofqq. The inking wput in, clout. Thpoweyour clitsportfoo at powsharesom qqq fore investing, consid the fds instment objecs, ris, charges and expse call 803 r the osct containg this inrmatio it full stributed by invco disttors inc. Containg this inrmatio it full for years, centurylink has been promising fast internet to Small Businesses. But for many businesses, its out of reach. Why promise something you cant deliver . Comcast business is different. We deliver superfast internet with speeds of 250 megabits per second across our entire network, to more companies, in more locations, than centurylink. We do business where you do business. The countdown is on. The march jobs report a few hours away. Economists at Goldman Sachs say weather may have wiped out 60,000 jobs from the march report. Goldman is forecasting 175,000, but says that number could have been higher from 30,000 to 60,000 if not for a winter storm during the Payroll Survey week. Other firms lowered their forecast. Ubs at 155. Jpmorgan at 140. Joining us is Michelle Girard and jim osullivan, and boris schlossberg. Thank you all for joining us. We got excited on that adp number, didnt we . Jim and i got nervous on the adp number. 170,000, 140,000, 150,000. 160,000. I think we all had the same idea. Its a question of the weather. We enjoyed such unseasonably mild winter conditions in january and february. February produconstruction prin storm. We had winter storm stel la hla in the middle of the survey. So that swing up 60 to down 10,000 or 20,000 may account for the slowdown. Well have a way to gauge that looking at the Household Survey and giving us a clue of how many people were impacted by the weather. I dont believe any of us believe the labor market deteriorated as dramatically as numbers would look. Stella . Stella was four inches. It has a name . Stella . Stella disappointed. Didnt live up to the hype. Whats your problem . Why are you down . Its weather. The trend looks strong. You look at claims, they were low again yesterday. High for two weeks in march, coincident with stella. You look at previous two months, payroll gains averaged 187,000 a month in 2016 which is strong. The first two months of this year, 237. An extra 100,000 jobs. To some extent they borrowed from march and april. On top of that, you have the weather effects in midmarch. Obviously the adp number raises the possibility that the trend is picking up more than we think. It is making for an interesting report. Boris, that storm yesterday was big. Some airports had problems. It was bigger than stella for us. Two in the more important number is wages. If the wages show an upward tilt, at least for the currency market and for the bond market it will be a much more important number. Its wage growth that the market is looking for to see final demand. At this point were convinced that jobs are organically growing. Its a matter of creating better wage growth for the consumer. You could see potentially a dip lower. But if wages are good, we could have a big recovery at the end of the day. When Something Like that, as a currency guy, when Something Like that happens overnight, where is the first place you look . Dollar yen. Dollar yen. The dollar yen was