Worldwide exchange on cnbc. Im sara eisen. And im wilfred frost. U. S. Equity futures at this hour, lets have a look. Theyre pointing to a slightly positive open, taking a cue from european trade perhaps. Were looking at the dow called up by 74 points. The s p by nine. The nasdaq by about 20. Of course, also rebounding from a couple of soft days of trade after, of course, a nice bounce the previous couple of weeks. Today marks the seventh anniversary of the current bull market, even if it hasnt always felt like one lately. Check out these returns. The dow up 159 . The s p, 193 . And the nasdaq 266 . Well have much more on u. S. Stocks in just a minute. And whether were still in this bull market. But first, lets get you up to speed on the trading action overnight in asia. Chinese shares dropping on renewed concerns about the economy over there. The chinese currency weakened, and the chinese stock market broke its fiveday winning streak. Japans nikkei closed lower by almost 1 . A stronger yen hitting some of japans biggest exporters. The currency there has been strengthening on the back of risk aversion. Keep an eye on that into the u. S. Session. The u. S. Dollar more broadly, softest level since midfebruary. Now to early european trade. Lets have a quick look. Were seeing green across the screen. Nothing too pronounced. Lets check in on currencies. As we just said, the u. S. Dollar hit its lowest intraday level since the 22nd of february. Its just seeing some softness against certain currency pairs. The euro up. The pound has had a zeent little rally. We got down to the 139 level. Now 142. So will the u. S. Follow europe higher or china lower . So far futures are higher. Oil will be a big factor. It was a big driver in yesterdays trading session. Lets show you what crude prices are doing this morning. They are up by more than 1 . Wti crude almost at 37 a barrel. Brent above that 40 a barrel mark, up 1. 2 . Worth watching today as you keep your eye on oil and stocks. The eia will release its we cannily Inventory Data 10 30 a. M. Eastern time. Also, the chevron ceo did share his view on the price of oil. I think weve seen the bottom, but there are forces at work. You can see decisions made by opec nations or others that would add to supply at a time we dont need it. But the fundamentals are moving in our favor with declining production in the u. S. Also earlier this morning, an iraqi official told a state newspaper that opec and nonopec Oil Exporters plan to meet in moscow on march 20th to discuss an output freeze. At least theyre meeting is what some of the bulls might say. Well see if anything comes out of it. Jeff gundlach predicts those assets will struggle in sympathy with oil, calling crude the key to everything. I know theres a lot of belief right now in risk markets. I think risk markets now have a very poor riskreward setup. If we use the stock market as a proxy, it seems to me that the s p 500 maybe has 2 of upside and probably 20 of downside for a 10to1 riskreward ratio. Last week he said double line was planning on closing out some of its stocks purchased in february. He suggests unless oil rallies another 10 a barrel or more, in his words, a lot of companies are going to go under, which will kill the banking system. On gold, he predicts prices will continue to rise and hit 1400 an ounce. Gold prices today, lets have a look. Just below flat. Hes calling for 1400. Weve seen resistance. Every time we got closer to 1300, we havent managed to push through it. Generally quite bearish comments. And he characterizes what weve seen over the last three weeks, which the s p has rallied, as a classic bear market rally, which is an interesting question, given we are at the sevenyear anniversary from the market bottom. It was our very own mark haines who said its feeling like a bottom. Bam, since then, the s p up nearly 200 . Nasdaq up more than that. And this is one of the longest bull markets in history. The question were faced with today, is this past rally, this bounceback from the midfebruary lows, was that a bear market rally or was that a continuation of the sevenyear running bull market that weve been seeing and what we saw earlier in the year is just a setback and a correction. I think theres a huge debate on wall street. Theres a big debate, but the sevenyear anniversary for me brings back one key point to focus on. Seven years is a long time. 192 for the s p is a big move. Weve had extraordinary support from Central Banks through that. I dont think any investor would argue thats been the main cause for this rally. Thats coming to an end, whether by design in the feds eyes or because of lack of ability in japan or europe. Yet, were only looking at 1. 8 versus 2. 2 growth in the developed world. It just doesnt support this. Margins peaking. You could argue that. Then again, we had dipped so far down during the Great Recession and the financial crisis. Whats interesting about the next move higher is a lot of folks are saying its still on the Central Banks. Now its not on what they can do but on how the markets will react to them. Today we get word from the bank of canada. A lot of people look at canada and say its the next one to have negative rates. Tomorrow, a very widely anticipated European Central bank meeting where the reaction may be more key than the packages mario draghi delivers. Next week, the Federal Reserve and bank of japan. Central banks are still in charge. The question is, will the market have the same reaction it did over the past seven years of this bull market rally, which has been positive to central bank easing. Which i think the most recent bank of japan easing would show thats not the case. Maybe not. Maybe theyre losing their faith. Mario draghi of course the focus tomorrow. All right. It is another light day for data with most little secondtier reports on tap. Were talking about january wholesale trade. Thats out at 10 00 a. M. Eastern time. Inventories could shed some light on just how much of a drag theyll be on firstquarter gdp. The revised q4 gdp showed Companies Made less progress than thought in reducing excess invento inventory. Look for earnings before the bell from retailer express and home builder hovnanian. After the close, we get it from box and square. Two of the more recent ipos. Also an exclusive interview later on cnbc with the ceo of square and twitter, jack dorsey. One not to miss. Stocks to watch today, valeant will assign new board members. Takata has enlisted restructuring lawyers. General motors disclosing that shareholders will be allowed to nominate directors to the board but only if they hold at least a 3 stake in the firm. Str separately, the automaker hiked its dividend. Shares flat in premarket. Speaking of dividend, General Mills naming Kimberly Clark to its board, saying thaul hike their dividend to 46 cents a share. Cannon is set to buy toshibas medical unit. And Lockheed Martin is looking to cut up to 1,000 jobs. That will impact its aeronautics division. Still to come, an exclusive interview with chinas vice finance minister. A rare look inside the chinese government. Thats coming up. First, as we head to break, we want to hear from you. Our twitter and facebook question this morning, the seventh anniversary of the bull market, s p up nearly 200 since march 9th, 2009. Has the bull run its course, yes or no . Well share the results later on in the show. Well be right back. Friends coming over . Yeah, so . It stinks in here. Youve got to wash this whole room are you kidding . Wash it . Lets wash it with febreze. For all the things you cant wash, use. Febreze fabric refresher whoa hey mrs. Webber inhales hey, it smells nice in here and try pluggable febreze. To continuously eliminate odors for. Up to 45 days of freshness pluggable febreze and fabric refresher. [inhale exhale mnemonic]. Two more ways to breathe happy welcome back to Worldwide Exchange. Lets get you up to speed on the market action. Yesterday u. S. Equities broke their fiveday winning streak and saw declines. Today were expected to bounce back slightly. Were looking at 70 points positive open for the dow. Around about eight for the s p. The nasdaq by about 20 points. Taking some leads from european trade, as you can see. Gains across the board there. Not too pronounced. Similarsize moves. Up 0. 6 on continental europe. So were following europes positive market. Speaking of europe, to todays trade of the day. Investors are expecting the ecb president marco draghi to announce more stimulus tomorrow. Is there a way to trade the central bank move . Our data team looked at which securities historically perform well and which dont after draghi speaks about more Monetary Policy easing. Turns out they found the germany and japan etf both rallied among others. The etfs that did poorly were energy and gold related. For more, go to cnbc. Com and check out cnbc pro. Just a slight rate cut, i think, would disappoint the market in terms of the amount of easing theyre expecting. Theyre expecting more qe, right. We need to see an increase in the bond buying, possibly a tweak of what theyre buying. Thats the question. Ive seen so many Different Bank notes on this. Could they actually dip into the market and buy bank shares . I dont think theyll do that or buy bank bonds. Some people are arguing they should be buying npl stock specifically. That would take a lot to happen. If he just does a small five or ten basis point cut and nothing else, i think that wouldnt be enough easing for what the market is expecting. If he increases just the size of what theyre buying at the moment, that would be enough. Tomorrow is going to be fun. The euro is going to be the tell. Global market still keenly focused on the health of the chinese economy. Our eunice yun sitting down with a rare and exclusive interview with chinas vice finance minister. She joins us with the highlights. Thanks so much, sara. The chinese vice finance minister was joining the chorus of chinese leaders trying to reassure investors that china shouldnt be a source of anxiety for global markets. He told me today that the chinese leadership has the economy and the slowdown well under control. He also said that its very important that people understand that the chinese leaders here will be able to reach their target of 6. 5 to 7 for 2016 and 6. 5 every year thereafter until 2020. But he also pointed out that the leadership understands the need for reform. He said as evidence of that, they have already been tackling industrial overcapacity. He also said that hes hoping that Global Investors will understand that china is really making an effort to communicate more with the rest of the world. This is what he had to say. The premier gave very, very clear instruction to chinese officials that it must enhance the communication with people. We still have many things to continue to improve. So he said that he got that message from on high and he hopes to see more facetoface meetings between chinese officials and the media. He also was talking a lot about some of the biggest issues that the economy faces, such as rising debt. I was asking him, because by many estimates, chinas gdp faces a debt level that is at 250 of gdp. I asked him if thats a concern to him. He said that the chinese leadership is well aware of the debt challenges and that they will make every effort to try to prevent any financial risk. Guys . Eunice, thank you very much for that. Saying they have to improve communication. And thats the key. The fact that even chinas vice finance minister spoke to our eunice yun. At least theyre talking. That has been a big part of the problem. I wouldnt write off any more surprises at some point this year though. Just watch the yuan. It weakened for a second day in a row. Third day. I think this is still something they have got control on. So minor moves now are slightly less important than they were back at the start of the year. Coming up, decision 2016. Well bring you the results from four president ial nominating contesting, including a big win for bernie last night. Speaking of washington, good news for visitors to the nations capital. This year, warmer temperatures are causing Cherry Blossoms to bloom earlier than expected. Thats wonderful. Have you seen it . We have to go. Im definitely going. Cant wait to get to washington. The National Park service now predicts the trees could bloom between march 18th and march 28th. As for the rest of the nation, its warm here in new york city. Heres todays Weather Forecast from the weather channels reynolds wolf. Hi, sara and wilfred. Heres a look at the forecast around the country. The big trouble spot we have is in parts of the Southern Plains along the gulf coast. A good chance of showers, storms, maybe tornadic activity. Even chances of flooding into mississippi and arkansas before all is said and done. In terms of temperatures, very mild conditions along the eastern seaboard. New york, only 74 degrees. Atlanta, georgia, also with its springtime warmth. But theres still a touch of winter back on the map. Make your way back to the west to see that, especially into parts of the rockies and cascades. All right, folks. Youre watching cnbc. See you on the other side of this commercial break. Welcome back to Worldwide Exchange. If youre just waking up, lets get you up to speed on todays market action. Looks like were going to reverse yesterdays day of declines. S p futures up seven. Dow futures up about 60. Nasdaq futures up 14. We did fall from twomonth highs yesterday. In fact, stocks fell by the most in several weeks. Lets show you part of the trigger for the gains over in europe and in the u. S. That would be the price of oil. Yesterday falling almost 4 . Today back on the rise. Wti crude just crossed over 37 a barrel. Racing higher, up 1. 5 . Sara, thank you very much for that. Lets get to the race for the white house. Donald trump and Hillary Clinton have a bigger delegate count this morning. Tracie potts reports for us live from washington. Tracie . Reporter hey, good morning. Hillary clinton has the bigger delegate count, but the big story today is the fact that Bernie Sanders won michigan, a state that clinton was predicted to take. The big question had been, could sanders win a state with a large minority population. Now we know the answer is yes. Frankly, we believe that our strongest areas are yet to happen. Reporter Bernie Sanders with new confidence after an unexpected win in michigan. Thank you, he tweeted early this morning. The polls were wrong, even sanders didnt see it coming. He won with nearly a third of the black vote. Hello, cleveland. Hello, ohio. Reporter Hillary Clinton didnt mention her mississippi win or michigan loss last night. She picked up more delegates than sanders. Our new poll shows she beat donald trump by 13 points in november. Only one person did well tonight, donald trump. Reporter trump won michigan, mississippi, and as of this morning, hawaii. We started with a field of 17. Now were down to four. I really want to close things out. Reporter hes hoping to do that in florida tuesday with ted cruz closing in on delegates. Cruz won idaho tuesday. We know that were closing the gap in state after state after state. Reporter florida could be it for marco rubio. His best finish on tuesday, third. I need everyones vote right now, okay . Lets not get into that. I cant lose any votes. Reporter john kasich still insist he will win ohio. But now its looking more and more like a twoman race between donald trump and ted cruz. Our new poll found that six in ten voters say they think that trump is hurting the party, yet trump continues to win. Absolutely, tracie. My question is, as we try to game out the scenarios, a lot of people still talking about this idea, the contested convention. If trump cant get the right amount of delegates, who at this point looks like the better pick for the establishment . Is it kasich or rubio . Given kasichs recent performance and rubios recent losing performance. Reporter good point. And that is probably going to depend largely on what happens on tuesday. If rubio cant win florida, if he cant win his home state, he may not even be in it at the convention. He may be out of it at that point. If kasich cant win ohio, same deal. If he does win ohio, even if he goes into the convention with very few delegates and they get to a contested point, he could certainly be a viable option for republicans who dont want donald trump to be their representative, which according to the polls is a significant number of people. Ohio and florida next tuesday . Reporter yes, both of them. Thatll be important. Tracie, thank you for that. I wonder if mr. Bloomberg is looking at this thinking i threw in the towel too early with sanders victory. She still has the delegate lead. It was an upset. She more than made up for it in mississippi. People dont actually think that it means that shes not going to get the nomination at this point. A lot still to come on this story that just keeps on giving. Changing tack to the world of music. George martin, the legendary produce er who with guided the beatles has died. Often referred to as the fifth beatle, he produced some of the most popular album of modern times. Martin won six grammys, was knighted in 1996, and inducted into the rock and roll hall of fame in 1999. In 1963, a martin recording topped the british charts for 37 straight weeks. He also worked on several of Paul Mccartneys solo albums as well as with celine dion and elton john. 90 years old. British legend. The tweets are pouring in. Including one of the first from ringo starr. Peace and love to judy and his family. I did not know hey jude was your favorite beatles song. Im not surprised. Youre the ultimate cheeseball. Dont tell everyone. Mine is come together. Its the most catchy, hey jude. All right. Moving on to other news. China is set to overtake the u. S. As the worlds biggest movie market, but there are questions about how many people are actually in the theater seats. The top draw at the box office this past weekend was a martial arts movie starring mike tyson. However, chinese investigators are looking into whether sales were boosted by socalled ghost screenings. Thats a practice used by Chinese Companies to get a leg up on foreign studios. Mike tysons in a kungfu movie. Didnt