Good morning and welcome to Worldwide Exchange on cnbc. Happy friday. I was going to say exactly the same thing and i am going to say it. Happy friday, everyone. Get straight to the market action. U. S. Equity futures right now looking pretty positive, of course, taking a lead from gains were seeing elsewhere in the world, particularly in europe. Very mixed reaction yesterday to that ecb decision. Today were seeing a more positive response and we can see right now, the dow is called to open up by 156 points, the s p by 18 and the nasdaq by 48. Lets have a quick look at the yield on the u. S. Ten year. We did see yields pick up yesterday, despite the announcement that we would have more bond buying in the world. We did see yields pick up across the world, 1. 949, close to 2 on that u. S. Tenyear. Weve got a Global Market rally on our hands. Lets show you the global picture. In asia overnight, youll see green across the screen. The japanese nikkei index up. 5 . A 1 gain in the hang seng. That was the first rally for hong kong all the week long in the shanghai comp closing up fractionally. Here is the big deal overnight. The peoples bank of china set the yuan mid point at its strongest level of the year. The strongest level of the year for the chinese currently, wiping out all the losses. They got room to do this because the dollar weakened so sharply against the euro and other currencies yesterday. That is seen as a good sign by Global Markets, commodities, stocks, all cheering that move. Lets show you the early action in europe where were seeing gains, as well, fighting back the losses from yesterday. Theres green from germany to france to the uk, italy and spain. The german dax is up 2. 5 on that china move. Yesterday, wilfred, the euro stoxx index closed down 1. 7 . We made up for that today in todays rally. Yeah. The rally today, more down to the china move. Were going to continue to debate throughout the morning. Lets have a the index. The index of both, of course lths. We can take sides, makes it more fun. Lets have a look at broader markets. The euro, fascinating move. Its dipped down to the 108 ham at times yesterday. Were looking at a move of the yen down by. 6 against the u. S. Dollar and the pound is basically flat. A quick look at oil, oil is rallying, too. That is down to some monetary stimulus in the ecb and positivity out of china today. Were close to 40 now, close to 39, 38. 7. Oil, indeed, over the last couple of weeks and the couple of months, seriously, stimulus for equities, as well. Finally, gold where we have had a good start to the year, but weve seen a little bit of profit taking in the last week or so, 1264, the price at the moment. Following yesterdays big ecb decision, mario news conference, investors are trying to make sense of the ecb president s comments. Rates will stay low. Very low. For a long period of time. And well past the horizon. From todays perspective and taking into account the support of our measures to growth and inflation, we dont anticipate that it will be necessary to reduce rates further. Of course, new facts can change the situation. And the outlook. And just like that, the giant rally we had seen in uran stocks and the selloff in the euro completely reversed course. What are we to make of it . Julia chatterley joins us from outside the ecb in frankfurt. What have we learned since draghi announced all of those measures and made that odd comment which turned the markets around . Morning, sara. I think you laid out the timetable really well there. The initial positive reaction when we were bombarded with new stimulus measures. Then he mentioned in the q a, the idea that rates arent going to go any lower. Theyre going to take a pause here. I think that was what made people think, hang on a second, is that it now . Theyre running out of options and thats when we saw the optimism, we saw the euro spike. But i think we have to understand why he said rates arent going to go lower. Just prior to that, he mentioned the impact that negative deposit rates have on the ability of bank. He said at some point, theres a tipping point. You have to be careful not to have a reverse effect where the benefits are outweighed by the down side. So i think this was an effort to support the banks. Then you look at some of the other measures, the four year longterm refinancing operations, pushing cash out to the markets. And get this. Its the banks beat a threshold for net lending, they will be paid to lend for the real economy. So once again, another measure to support the eurozone banks. This was about mario draghi saying, look, were going to focus on credit easying now. At least thats what i think. Yes, you can be concerned about whether or not this will mean banks make riskier loan webs is this measure to support the weaker banks allowing them to roll over some of those nonperforming loans rather than addressing them. But i think the real message is here, were going to buy more time in particular for the eurozone banks here. And he said were going to buy corporate, as well. This is a move the markets werent expecting. Id say bottom line, its a whole host of information. Investors just needed time to process it. All the chat in that meeting was about the banks. You have to feel incredibly sorry for eurozone savers here. The message was rates are going to remain low for a long time. Look at the front cover of one of the german newspapers here showing mario draghi light ago cigar and setting fire to a 100 euro note the. I think theyre clearly saying how they feel about further stimulus measures here. Well try to get that for you goose because it is quite an imagine. What an extraordinary move yesterday and julia just saying that, sara, investors needed time to digest what this meant. Theyve dot guested it this morning in positive fashion and weve seen markets move up significantly. I think when you look at the roles of the dice that central bankers are making around the world, this is as good of a roll of the dice they can do. Hes not just focused on the currency. Hes tried some measures. We know qe doesnt work simply in european system as it does in the u. S. They went all in on that, too, 80 billion euros. Absolutely increasing that. But i think some of these targeted measures, buying corporate bonds, that increases the invest end for banks to lend. The question it comes down to is there loan demand on the other side. Thats really what the issue when the tros came out the first time and that will be the answer. Sfwh so what youre saying is no matter how markets reacted or whether the algorithmic traders picked up on some communication blunder, whatever it is, the impact is on the real economy and so bank lending. And he went pretty much as far as he can go. I think we saw what happened in japan when they went to negative rates. The yen for a couple of days. Just focusing on the currency negative rates i think would be a mistake. If we look at that turn around the markets experienced when he mentioned, okay, maybe rates wont go low any more, i think for me, the reason that saw an immediate yesterday afternoon negative reaction from investors was because it brought back the number one fear of this year so far. That is that Central Banks dont have the ability to act any more. When he said that, it was like, okay, maybe this is the last. Now theyre digesting it and theres hope some of these specific measures can work. And to tie it altogether, Chinas Central Bank is in charge, as well, setting that yuan mid point at the highest of the year, which is encouraging for traders around the world as we march into another heavy week of Central Bank News with the fed and the bank of japan before that, as long as commodities, traders say, can continue to rally and stabilize like were seeing in the price of oil this morning, the central bankers dont upset the markets with any kind of communication mistakes or raising any expectations too high for tighter policy or die verging policy, well see if this rally can hold. We certainly will. In other news, u. S. Based stock funds break outflow streak. Now to corporate news, the high profeel fight between appearling and the government took a turn for the worse with things getting hostile. Good morning, landon. Good morning. The department of justice taking the latest swing in a file calling apples rhetoric, quote, false and corowsive. Of institutions best able to cause riots. Here, apple raised technological barriers and going on to say that apple alone can remove those barriers. The tech giant described the prosecutors motion as a cheap shot saying the doj has become so desperate that it has thrown all decorum to the wind. And apple says they plan to file a reply by next tuesday. The can company will be another chance to hear that. And aman saying yesterday this could go all the way to the supreme court. Speaking of apple, hedge fund giant bridge Water Associates is hiring a executive who spent years working with steve jobs. This according to a client note seen by reuters. The hedge fund has been working to transition responsibilities away from the founder ray dalia. Some sdoks for you to watch today, state straight announcing its chief financial forewill step down within the next year. Reporting higher Fourth Quarter profit, but revenue missed profits. The food chains guidance at the low end of the consensus. Tesla says it will vig husbandly defend against the lawsuit filed by the Virginia Automobile Dealers Association that it is keeping the car company from opening a second car company in that state. First quarter Profit Guidance disappointing. Do you want to take this one, too . No. This is all you. Reporting earnings on both the top and the bottom line, the retailer offering up guidance and saying it will speed up its Share Buyback program up 12. 6 . A different story for bojangles, saw profits dip last quarter as profits declined. Coming up, your trade of the day our focus a play ahead of next weeks big twoday Federal Reserve meeting. But first, todays business birthdays. Rupert moisture do know dock is 85. Also, just tied the knot again last weekend. Jimmy iverne turned 36. He cofounded beats electronics with dr. Dre which they sold to apple, of course, for 3 billion. Worldwide exchange is back in a couple of minutes. When youre on hold, your business is on hold. Thats why comcast business doesnt leave you there. When you call, a Small Business expert will answer you in about 30 seconds. No annoying hold music. Just a real person, real fast. Whenever you need them. Great, thats what i said. So your business can get back to business. Sounds like my rides ready. Dont get stuck on hold. Reach an expert fast. Comcast business. Built for business. Welcome back. Happy friday to you. Lots to talk about in the markets been in asia, we saw the highest mid point on the yuan for quite some time. Weve got green across the screen. A little bit muted, but still green. Hang seng up 1 . Lets have a look at early european trade today. The response to Mario Draghis stimulus yesterday. Yesterday, clearly, it was very mixed. Were looking at significant gains, particularly fort banks. The banks stoxx 50 index is up by about 4 . Germany up 2. 6 . France up 2. 6 . And all of this means positivity for u. S. Equity futures. Lets have a look at what were expecting. About 170 points open to the upside for the dow jones. Sara. And if we continue with this strong rally, we could actually see the week go positive for stocks. The shelves look pretty bear today in terms of Economic Data in store. There is one report to watch and that would be february im pore prices, Dollar Strength and weak global command is expected to keep im pore inflation pressures subdued. And in terms of earnings, the buckle, last week that Clothing Store did say samestore sales fell nearly 9 in february. It is time for todays trade of the day. So yields on the tenyear benchmark pressure note yield speak spiking back kneed near the 2 level ahead of the feds Interest Rate decision. We crunched the numbers to find out how investors can profit if the tenyear yield continues to go higher. They found in a rising rate environment, oil services, the regional banks which makes sense, kre etf moves higher among others. On the flipside, gold miners and gold etfs are the weakest performers. Some will even go to cnbc. Com and check out cnbc pro. All of all those, the banks make sense that its directly tied to the business model. And pretty big moves, as well. Were not talking about under 1 . A lot of people say post draghi with the sort of semi bailout of the Banking Sector over there, that could translate into further gains for u. S. Financials. Well have to see at the open, the moment the futures pointing significantly higher. Coming up on Worldwide Exchange, the race to the white house, president ial hopefuls counting their delegates ahead of next weeks crucial primary. Well bring you the highlights in last nights gop after the break. But first, your weekend Weather Forecast from the weather channels jen carfagno. Welcome. I cant believe we all came to work today. Temperatures yesterday unbelievable. 79 degrees in central park. Going to be a little cooler today, although still above average and could be more rain showers throughout the northeast as we see a front stuck in the area. The moisture that has been soaking the south in a deluge in the Southern Plains and the Lower Mississippi valley, that moisture drawn up along the front and gets pulled all the way into the northeast. Not the magnitude of rain up there. We have another several five plus inches of rain yet to fall across louisiana and mississippi. California, a couple of big storms lined up to come in this weekend. Central california is going to get more active weather. Everywhere across the country. Temperatures remain above average. Have a great weekend. Worldwide exchange continues after this. With creative new business incentives, and the lowest taxes in decades, attracting the talent and companies of tomorrow. Like in buffalo, where the largest solar gigafactory in the western hemisphere will soon energize the world. And in syracuse, where imagination is in production. Let us help grow your companys tomorrow today at business. Ny. Gov welcome back to Worldwide Exchange. 23 youre just waking up, lets get you up to speed on the market action. Your wall street setup is looking pretty bullish. And u. S. Futures are joining the party. S p up 20. Dow futures now up 170. Nasdaq futures up 53 points. Digesting draghi and checking out the chinese currency, the yuan at its highest level of the year and wiping out the losses from 2016. The euro, which surged yesterday is now heading south by almost 1 . The dollar is rising against the yen. Even the battered british pound is getting a boost. Commodities marching higher, as well. Brent crude oil, the international benchmark, also at 41. Nancy reagan will be laid to rest in southern california. The services will take place at the Royal Library in napa valley. James a. Baker, who served in president reagans administration and tom brockwith well will also give remarks. More than 3,000 people passed his casket during public viewing. Now to the current race for the white house, donald trump looking for a knockout primary punch next tuesday. But last night, trump and the remaining gop candidates made an effort to showcase their softer sides in the latest debates. Tracie potts has the highlights from washington on what was a pretty civil debate. Theyve definitely toned it down inside that debate hall. But outside, there are questions about some of the more violent incidents that weve been seeing lately at the trump rallies. Audio we will hear more about today that involve Trumps Campaign manager and a reporter and a disputed incident. Donald trump speccing an endorsement today from former rival ben carson. And late last night defending his Campaign Manager saying a reporter fabricated reports that he roughed her up. I cannot believe how civil its been up here. They stuck to issues, often three against one with trump alom loan on social security, cube yeah, tax in china pb, and a twostate solution in israel. Hes right about the problems, but his solutions dont work. Marco rubio desperate to win florida held a rally in West Palm Beach this morning. Im not interested in being politically correct. Im intg interested in being correct. John kasich warned against crowning trump too soon. There are only two of us that have any mathematic yag path to get there. A moment of civility in what continues to be a tense race. Now the democrats will continue to be today. Ohio is where Hillary Clinton is focusing and were seeing former president bill clinton. Shes focusing on ohio trying to make that her midwest comeback after that devastating loss for her in michigan. I was going to ask about that, tracy. I wonder if the Clinton Campaign has changed their strategy at all after that surprising upset in michigan with a lot of people saying that michigan can be somewhat of a barometer for ohio because of the similar base and manufacturing. That trade he issue, which is really come front and center. Yeah. They are very similar in terms of the demographics and the issues that affect the states. And the other thing thats sort of a wild kald card here are the polls. She was up by double digits and then lost michigan. In michigan right now, were seeing polls that range anywhere from hillary nine points ahead to 30 points ahead. That is a big range. And so its sort of unclear right now what the real picture is in ohio. Tracy, thank you very much. Wall street commuters could have a rough commute come monday. The railway may be shut down in advance of a strike. Theyve gone without a new contract for nearly five years. Now for some sports news. Kobe bryant and lebron james shared the court for the last time last night. Bryant will retire after 16 more games this season. He notched a season high 26 points at the Staples Center last night w