Transcripts For CNBC Worldwide Exchange 20160314 : compareme

Transcripts For CNBC Worldwide Exchange 20160314

A very warm welcome to Worldwide Exchange, im wilfred profit. Along with susan lee sitting in for sara eisen. Good morning. Lets get straight to the markets. Futures why not a decent end to the week. A very strong rally friday as people digested that ecb decision and decided it was positive risk assets. Today, theyre looking at profit taking. The dow by four points, s p by about 5. Nasdaq by 10. Following strong gains on friday, not too much of a correction expected today. A quick look at the tenyear note, interestingly, back close to 2 for the treasury, highlighting that riskon sentiment that weve seen in the last couple of weeks. Good monday morning, lets get to this mornings top stories. The bank of japan beginning its twoday meeting today. A federal decision on wednesday Central Banks in england and switzerland will also meet this week. Other global news, an attack in the turkish capital of ankara leaving 24 dead. Officials say car bomb targeted civilians in a busy bus stop in the city. No one so far has claimed responsibility for this attack. In europe meantime, Germanys Angela Merkel suffering big losses in Regional Elections and protesting the open government refugee stance. And out of the midwest, an amtrak train traveling from kansas to chicago derailed in kansas. Local Emergency Services are at the scene. There are reports of injuries. Well have more on that, as we have it. Switching gears. Lets check in on Global Markets this morning. Asia first up showing a positive session. We do have mixed data out of china. Industrial production slightly lower than expected. Retail sales slightly lower than expected. Fixed Asset Investment much better than expected. And that of course one of the fiscal maneuvers that the government could be pulling. Nonetheless, you can see positive take on this. Heres a look at europe. European trade is looking pretty positive itself at the moment, albeit a little more muted than friday. Friday, great performance for the banks deciding that that was in fact a positive session from the ecb the day before, when thursday was mixed performance. Fridays strong gains just put the week in posted territory. Were looking at a decent start. Germany at 1. 6 . Interesting that merkels position in the election, the market struggling this morning. Oil has been up four straight weeks, the same thing for u. S. Markets so it seems that the trend is still intact, as oil goes so goes the benchmarks. Were losing 2 . 37. 72. And barrel brent crude, down 2 or so. Lets check on the dollar and the performance as we have so many Central Banks meeting, boj, boe, smb. The u. S. Dollar against the common currency, 1. 11. Versus the yen, its interesting that were looking at more strength. The pound sitting at 1. 43 and change. Gold, on the safe haven play. Gold prices there you go, 1257 an ounce. Clearly, the ecb was center stage last week. But i think we cant get away from the fact that all of is this having such big impact as youre saying. Thats highlighted this morning. Because oil is down, thats why u. S. Futures are pointing down lower. Oil still leads the market. I would also say its a commodity story. As we mentioned last night, production may have missed. I think the story that everyone is taking from what im hearing is the property bill. Infrastructure spending 51 in the month of january. Thats why weve seen the likes of iron prices again, right. Thats right. Were constantly focusing on monetary policy. The big lever, and big infrastructure boosting the numbers there. Lets get back to market data. Theres no Economic Data but plenty of key reports in the week ahead. Tuesday, february retail sales, ppi, and the fed begins its twoday policy meetinging. On wednesday, cpi, Housing Starts and the feds decision. Economic forecasts and Janet Yellens forecast. Lets get you to continue news. Blackstone selling Strategic Hotels and resources and for a price tag of 6. 5 billion. Blackstone completed it less than a year ago. And buying new yorks waldorf astoria for 2 million last february. Theyre still on the acquisition trail. And a lawsuit claims he sexually, physically and emotionally abused a woman over a period of 13 years. He calls the suit extortion and says he plans to file a cross suit. The lawsuit said he had a Sexual Partner forge a deck indicate and could not longer tolerate his behavior. After paying her 10 million, he refused to honor the relevant of this agreement. Hes seeing for breach of contract. I believe it contains graphic details that he raped the woman. Yeah, this was an explosive story going across silicon valley. And were something is attacked especially hellaciously, people pay attention. Lets get to stocks to watch. Pfizer abbott taking a hit after people in india pose a ban against codeinebased medicine. Chipotle, with a recent filing and activists investigators, opposing a plan to give oscar munoz an additional role as chairman. More stocks to watch, alibaba announcing that logisticss arm is completing a funding round. They did not suggest how much money is raised. Michael kors continues to rally as the retailer continues to expand in asia and menswear. Thats barge to barrons. And Ingersoll Rand could rise 20 in next year. Despite the plunge which has weighed on its investors. Im excited. Its basket season. Thats right, march madness has arrived. As fans watch the games and participate in office polls, the ncaa tournaments can also drive employers mad. Lets get to landon dowdy. Good morning. A big welcome to Worldwide Exchange. It may be a high point for ncaa fans across the country but time is money for their employers. The action between the 68 universities sets off tuesday and wednesday with the playin games. It starts thursday with North Carolina, virginia, kansas and oregon as the number one seeds and about to get expensive your boss. With an average salary of 25, every hour spent on march madness could cost employers a total of nearly 4 million in lost productivity. Workers will have more activity than ever to games streaming across apple tv, road crew and amazon tv. Thats likely to be 51 million to participate in office polls. However, outplacement firms say employers should think twice in reigning in the madness. Sources say that could result in longterm awareness in morale. Wilfred, welcome to america. I dont know if you know the ncaa tournament, but susan, youre a big fan, right . I am a big fan. Im not a tar heel like you. You are a tar heel. You were telling me that people paid 1,000 for the seats if they took on the blue devils. They do get expensive. I went to a tournament. They took on the wahoos, had a big win. I did not pay for those big seats. Im looking forward to ive got until tomorrow, right . As soon as possible. Still to come, a live report from beijing. Well tell what you the countrys new top regulator wants the Global Markets to know. Stay tuned. Youre watching cnbc. Nger to fly and a passion to build something better. And what an amazing time its been, decade after decade of innovation, inspiration and wonder. So, we say thank you america for a century of trust, for the privilege of flying higher and higher, together. Hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Welcome back to Worldwide Exchange. A very good morning to you. Lets go to the screens. Green across the screens in asia. We had mixeded data. A big Infrastructure Spending boost. Thats sent markets high there. Also decent machinery orders out of japan. Decent data there, best part of 2 . Europe also performing well. Of course, we go to to fridays markets. Thats continuing a little bit today. Interesting to see germany at 1. 4 despite disappointing Regional Election results for Angela Merkel. And oil prices a slightly negative open to the tune of about 40 points to the dow. Susan. A host of chinese officials speaking over the weekend including the new securities chief. He seems to believe that it will continue to support the markets. Lets get to beijing with eunice yoon. Eunice. Thanks a lot, susan, the new chief of the Regulatory Commission the crsc met with the chief over the weekend. He replaces the former boss, mr. Shellgon, a man basically blamed for mishandling the market turmoil with various steps of the government. More specifically the circuit break eer system that was put i place in january. He was very much blamed for it. It ended up creating a lot more volatility rather than calming the markets down. He wanted to reassure investors saying he vowed it was going to help step it up and help the recovery by not putting in place a Circuit Breaker system anytime soon. And he also said that reforms to the ipo system are going to take some time. He also mentioned that its still too early for a lot of the state funds to withdraw from the markets. All of those are comments that local investors really wanted to hear. And he also at the same time defended the governments past actions. This is what he had to say. The government responsibility remains with transparency and fairness or justice of Chinese Government market can never be shaken. We can only Carry Forward the healthy part of the government to investors. In the future where we fall where the markets constantly fails the government should make a decisive move to step in. And investors are taking the comments to mean that authorities here are placing a priority on market stability. Theyre also a lot of people are expecting that the authorities are also placing priority on social stability. Because over the weekend, we had thousands of protesters in the northeast rust belt of the country which is an area that has a lost coal mining. There were several people out on the streets demanding more unpaid wages. And they also were protesting these reforms saying that the government, when theyre addressing these overcapacity issues need to make sure that they take care of workers. And actually over the weekend as well, we had heard from the regulator of the Stateowned Enterprises and he actually had said that investors really should not expect to see radical restructuring here. Because they want to make sure that workers come first. So, again, wilfred, susan, a message out of the authorities here that eireiterate and reinforce the overall in tone of this conference that growth is going to take precedence and that reforms will take a backseat. Guys. Eunice yoon there in beijing. We did see the rallies last night in asia. In talking to trading guys, its not volume thats coming on to the market. In fact, theyre being very tepid with their buys. They want to see where the currency is going. The overhang in china is where did the yuen go. It has managed to gain a sense in their minds that theyre controlling the currency better than they had at the tart of the year. Have a look at c nbc. Com to see that. Still to come here on Worldwide Exchange new polls this morning find donald trump ahead in florida and illinois. But john kasich holds an edge in his home state of ohio. We have the latest from the campaign trail of tomorrows key primary contests. But first, the National Forecast from the weather channels jen carfagno. Good monday, susan and wilfred. How about an average day. Thats what the temperatures are going to the northeast. A bit chilly actually with some rain coming in as well. Well add a little bit of snow even in parts of new england so, yes, march can be a very sort of crazy month when it comes to different weather. We do have thunderstorms. Same thing that brought thunderstorms or tornadoes last evening. Moving through the midatlantic, bringing damaging hail. And northwest has got a big system blowing in literally, strong winds, Hurricane Force over the weekend. Winds coming down a bit into the northwest. Temperaturewise, a lot of the country either at or above average especially through the middle. Were well above average, nearly 90 for this day in dallas, texas. Im meteorologist jen carfagno for weather channel. Cnbcs Worldwide Exchange continues after this. Earth hour is about empowering people making a difference to change Climate Change with passion and excitement earth hour is about inspiring Climate Action celebrating a Global Movement and impact join us at earthhour. Org 19th march at 8 30pm karl, dont you have fryeah, so . Ng over . 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 the dow might be down 29 points. The s p 500 look at losses of 5 points. Nasdaq, just about 8 points or so. Lets check out oil prices. Oil prices have sentence four straight weeks of gains, hence, four straight weeks of gains for benchmarking. Looking at 37. 72. And brent trading off at 39. 73. Gas coming off 1. 8. Susan, thank you. Lets go to politics, theres only one full day of campaigning, hundreds of delegates are awarded on mega tuesday. This is after a few days of shoving and yelling between donald Trump Supporters and others in the crowd. Tracie potts joins us. Hi, good morning. Donald trump has a rally overnight, after three rallies that we saw over the weekend that were not so peaceful. Trump that the rally denied that he had anything to do with being responsible for these protesters. Five states vote tomorrow with hundreds of delegates on both sides. Florida and ohio, the biggest prizes, winner take all. Donald trump is leading florida by double digit. I think were going to do great in florida. Reporter hes in tampa tonight after a week of violent protests. Bernie sanders denies hes sending them. Donald trump is a pathological liar. Reporter Hillary Clinton said trump is inciting them. Hes lighting a fire. Holds his hands up and claims he shouldnt be responsible and he should be held responsible. Reporter clinton has got a big lead in florida, but its marco rubio who really needs the sunshine states. The words of a president are consequences. Reporter slamming trump as he continues his bus tour today. In ohio i believe were rising. Reporter john kasich is now leading in his home state. Ted cruz is claiming a tie in North Carolina despite the polls. Its going to depend on time, who knows up and votes on tuesday. Reporter in florida, nearly 2 Million People have already voted. Back to ohio today, well see mitt romney, the former republican nominee, hes been outspoken on anybody but trump campaign. Hes going to be campaigning with john kasich in ohio today. Tracie, is it make for break for rubio and kasich if they fail to win those florida and ohio contests respectively, are they go to be put out . Reporter well, they certainly could. Numbers indicate theres certainly reason that they might want to, especially rubio, so far behind in florida. Maybe not as much for kasich. Hes insisting hes going to win. Knowing even if you win, that doesnt get him much closer to the nomination. The numbers just dont seem to be working for him, but what it could do allow him to hang in there. It slows down donald trump so he can hang in there until the convention in the summer perhaps for the nomination. In other words, it just leaves him in the game. Tracie, thanks very much. The independent on sunday in london reporting that president barack obama will visit london in april to urge british voters to stay in the european union. Obama has previously said he want s britain to stay in the e to maintain the transatlantic partnership. Meantime, obama is getting ready to visit cuba this coming sunday. Starwood hotels, at t and merrimar marriott are reportedly looking to complete a deal. At t looking to get a deal with monopoly. Selection sunday has come and gone were just days away from the start of the big dance. The field has been set for the ncaa Mens College Basketball tournament. 68 teams are setting their sights on reaching the final four in houston this year. The top seeds, kansas jayhawks, North Carolina tar heels, oregon ducks and virginia cavaliers. Whos the favorite, liking kansas followed by michigan and North Carolina. Before the names are revealed by cbs on sunday. Halfway through, a filled in bracket was leaked on twitter. Some people were skeptical it was real. But there were signs when the matchups on television aligned with those on the brackets. The ncaa says it take the matter very seriously and it looks into it. Cbs meantime has no comment. Disneys Animal Kingdom roars again at the box office as zootopia claimed the number one spot. The animate film raising 50 million. 10 clover field lane the lowbudget film by abe bra hara respectly start with healthy 25. 2 million. And the question today will the fed or bank of japan cause as much of a stir this week as the ecb did last week . O

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