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"worldwide exchange." on cnbc. europe may be on vacation, but we're not. i'm sara eisen. >> and i'm wilfred frost. they steal you away for one, but two hours today. >> let's not make it a regular thing. >> delighted to be here today. let's have a look at u.s. equity futures. pointing to higher. last week, we did snap a five-week win be streak for u.s. stocks. only about to the center or so for the main bosses here in the u.s. today, we're pointing to higher. the dow significantly up by triple digits, 102 points, s&p by 11. and nasdaq by 28. let's have a look at the ten-year note as well. only 1% of declines in equities last week, but we did see quite a lot of yield compression. we saw the yield on the ten-year fall to around 1.85%. at one point, we were at 1.9%. last week, a little bit risk-off. but largely a lot. an apparent suicide bomber killing at least 65 people, including women and children. abreakaway faction of the taliban claiming responsibility. crowd was christians. a spokesman said the attack deliberately targeted the community. also injured more than 300 people. investors hit the ground running this week off the easter holiday with plenty of income at tap. look for trade deficit, pend be hope sales all for monday. tuesday, it's consumer confidence, wednesday, the job report. and thursday, the jobless challenges and friday the march jobless claims as well. consumer sentiment, construction spending and auto sales. a lot of data this week. >> and investors a chance to react to the fourth quarter gdp data. q4 gdp increasing at a 1.4% annual rate. that was from a previously reported 1%. strong consumer spending was a key factor but wilfred, corporate profits were low. that the something that a lot of folks were writing about. 11.5%. 7% if you take out special items but that's still one of the worst showings since the great recession. and as we go into another earnings season the next few weeks. the question is can earnings bounce back a bit. there's not a lot of optimism out there. expectations get revised down and continue lower and lower. >> every earnings season. >> the head line gdp a bigger move upwards than we had expected. and fed speak, fed president john williams says the u.s. economy is doing in his words quite well. in an exclusive interview with cnbc asia, williams suggested that it's preventing the u.s. from returning to normalized interest rates. >> we understand we're in a global community. what happens in brazil or china, what happens in asia or south america has a huge impact on the u.s. economy including employment and inflation goals. so, we have to take that all into account and how it impacts the u.s. economy. we also need to be cognizant of the fact when the fed acts it affects the global economy. understand those feedback loops and all of the ramifications. >> we'll see what he says about how resilient the u.s. is in the face of economic developments overseas. >> yeah, i think if we look at three main takeaways from last week for me. one pretty simple, the volumes are pretty low. two there was resilience, yes, we snapped back in a five-week winning streak. we only declined by a percent or so. >> less for the emergencies. >> third, the major take-away is the fed confusion at the moment. because the u.s. dollar, particularly in the last few weeks of this bounceback. the u.s. dollar is such a crucial factor, the fact that the fed pointed to the fact that they're not going to hike rates. this is an important influence on the markets. if the fed does change their mind or go earlier than people expected. >> the one week after janet yellen who communicates for the fed in these news conferences, which they told to make their communications and policy intentions clear. then all the regional fed presidents come out with varying opinions. some of them saying april is still a live meeting. which is not a message that yellen communicated. the yes is, do you look at them, committee the dollar reacted to and straend on this idea that maybe this rate hike would come later or do you watch the core of the fed. and i would argue you watch the core. to that note, janet yellen will be speaking. and new york ped president bill dudley will be speaking a little bit later this week. he's considered part of the core. if you're going to choose who to listen to, this week is more important than last week. >> at least points to the fact that the u.s. economy must be strong enough for some people to suggest it's a possibility. >> it's like a wall street economy. they don't agree. investors don't agree. european markets are closed, as we mentioned today, celebrating easter monday. but there was trading overnight. let's get you caught up. aquito fujita joins us live from singapore. >> we're seeing a lighter dave trading with australia and hong kong all closed for the extended holiday. the big winner, the nikkei of japan. 12 about that 17,000 mark. exporters are getting a big lift as the yen weakens against the dollar. the yen settling in well above that key 1.10 marker. expect a slew of economic data out this week with employment and retail production. but they're keeping a close watch on that survey later in the week. a reuters poll showing that confidence likely to dip to its lowest in three years. taking a look at how chinese markets there ended the day in negative territory despite new date that that showed industrial profits for january and february rose to its fastest case in 18 months. feeling that fiscal stimulus having an effect there. the shenzhen composite down by 1874. officials there looking to do that, looking to boost -- actually to calm the property markets there. they actually raised the requirements amid concerns of a bubble. wilfred, i can till prices there in the shenzhen market alone up nearly 60% on the year. >> a kika. thank you for that. qatar said it's invited all major producers from outside of cartel talks april 17th in dough hard. on a deal, to freeze output on january levels. let's take a look at all prices. we're bouncing back, 14.1, other risk assets, sara, this was positive response. in the grand zeem of what 2016 has been like, pretty resilient. >> yeah, nice big bump. let's show you the broader market picture as we speak. the u.s. dollar which has been marching higher in the last few sessions is actually getting a reprieve with the you're go strong against the dollar. at 1.1167. and even the pound is getting a little lift after it's been battered, you went to britain this weekend. did you enjoy that weaker pound now that you're american? >> no, because i was just at home. >> you weren't spending. >> but the point i did make last week, yes, the pound weakened on the face of these terror taxi. weise close to 1.42, so, yes, it's down, on a 12-month, but it's bounced back a little bit in the last couple weeks. >> i'll just show you gold quickly, it's coming off of a 3 1/2% slide. this week marks the end of the first quarter. one of the best weeks for gold in years. gold shedding more down by 5.5%. >> we did got above 1200. it's hard to get above the 1300 level. yes, it's been a bounceback. that january, february, very strong for gold. with all the factors considered, particularly january, february, you would have thought it would have spiked more. >> with the interest rates. >> with the china and european banks. the fact is that we've plat node mid1200s. >> it should be -- >> 5,000? >> well i don't know about that. and microsoft meets to help finance a bid to buy yahoo!. this comes as yahoo!'s auctioned off its core internet business including search and mar. and yahoo! shares trading exactly flat. more potential news here, do you reportedly set to announce it will sell its i.t. services to japan's telecom conglomerate for $18 billion. reports also saying that avon is nearing a deal with activist. the activists will back away for the proxy fight for more board seats. avon shares just below flat. and a new survey, economists finding a glass half empty view. landon dowdy joins us. >> good morning, guys. you're mentioning the optimism, a new survey for the association of business economists, corporate profits would rise 2%, that's down amid 5% growth forecast in december. despite the money in consumers' pockets, economists are lowering their gross outlooks for 2016 and 2017. a typicalle u.s. household will have about $1,000 more to spend this year thanks to cheaper prices. what are americans doing with their extra cash? so far, saving or paying down debt with most of it. but economists around completely negative. and authorities believe that some of the cash will go to restaurants and others. 60% of economists surveyed expect two increases this year. guys, back to you. >> landen, thank you very much for that. still to come here on "worldwide exchange," four trading days left in the first quarter. and while year to date, the chart might suggest a flat start to the year. that hardly tells the full story. we'll look at the wild start for 2016. give you the playbook and what to expect. first as we head to break, our twitter and facebook question. we want to hear from you, what breaks this lull in u.s. stock. economic data, fed speak, earnings or international news. i wish we had more options for that poll. see if we can choose one of those. you're watching "worldwide exchange" on cnbc. >> also led us know if fed speak is one word or two. i think it's two. good morning to you. welcome back to "worldwide exchange." if you're just getting up, let's get you caught up. most of the market, trading but australia, hong kong and new zealand are closed. hang high down, .7, japan up .07. japan doing well. only four days left in the first quarter. time to get going on the q-2 playbook. dom chu is here. >> so, sara, will 43, what started off as to one of the worst starts in history are just around flat 2016 give or take a few points here or there. both the bulls and bears are feeling pretty good about their respective case. after dropping one%. the trend has continued at least for the large cap s&p 500. however, the parts that are leading higher have a lot to be desired. the biggest gains come from high dividend sectors like telekoms and utility. those are what investors flock to worried about the overall economy. but there are trends, people who feel good about the market, considering big negative factor actually change course. >> rememberer the biggest negative last year, there were two, declining oil and rise in the dollar, and both of those things, at least for now, have reversed themselves. if we can get some of them, we'll have mod equivalent earnings approval for the years and that is what is necessary for the stocks to do okay. >> and that's not it. the bigger picture or macro concerns will be front and center for the rest of the year as well. >> i think it's going to be two big factors as we influence the rest of this year's trade. one, is the health of the global economy. in particular is china able to soft-land? and is europe able to continue to grow at 1% to 1.5%? the second is having to do with central banks. particularly, central banks in japan and china still able and willing to oppress financial activity, not because they love markets but that's the only way to promote economic growth. >> market has given a chance to kind of re-evaluate things. 2016 losses are pretty much gone when it comes to major indices in the u.s. the question is whether they're going to do something, the investors and traders, after hitting the reset button for the overall market, guys. >> domenic chu, looking at the factor, the u.s. banks, u.s. 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 special edition of "worldwide exchange." if you're just waking up, let's get you up to speed on today's market action futures in the u.s. pointing to a sharply higher start. dow futures up 11 points. nasdaq up 26. remember, european stocks closed on this easter monday. >> and fur just getting up, why are you getting up so late. it's 4:20. >> slackers. >> slackers. >> and we've got a 100-point rally on the dow. apple fans in china have started making points for the new iphone, eunice has a look at what's different this time around. >> thanks so much, wilfred, outside of apple's original figures we're already starting to get preliminary numbers from chinese retailers. last week when we looked at the site, the preorders exceeded 3.4 million but so a pretty good number for command mere. the popular color is gold with rose gold a close second. as you guys know, the iphone se was a way for apple to expand its markets. and a way for apple to reach more budget conscious consumers. this phone is priced at $505 here. now, one of the things that we also did, we were serving a lot of chinese scalpers and unofficial vendors. and it's interesting, they said they are a little bit concerned about the long-term demand for this phone. they say at this point in the launch, normally, they'd be able to charge $300 more for the iphone at this point. but now what we're seeing is $30 more. or even selling at a discount of about $100. so, there isn't as much strong demands in their channels. they said that right now, the big debate in china is do you want an apple-branded phone? or do you want a phone with a larger screen? so as much as apple is seen as a very reliable phone, people love the iconic status, they also love to watch movies on their phones, so we're going to see what the chinese consumer decides on thursday when the launch begins. guy. >> eunice, how do the launches of apple products go here? here we always take the live shots of the stores on fifth avenue where people have been waiting online for three days, have slept there. want to get their hands on the first one. because they run out and then they have to order it online and get it in three weeks. do you see the same thing in china? >> not anymore. because the demand has been so strong for iphones, that at one point, the crowds became so large that people would even throw eggs at the apple store. and it really got out of hand. so apple decided that they were going to structure and organize all of the lines. so, instead, they put a lot of these orders online. they also got to introduce lots of different channels through other distributors and sorry sites in order to try to prevent that mass hysteria that we've seen for the iphone here. >> yeah, i haven't seen any eggs thrown on fifth avenue. eunice thank you. by the way, rose gold se, that would be the perfect phone for me. they named after me. >> they did name it after you. don't look this way for it. house hunting season? it's estimated 40% of sales happened from april through july. dana olick looks at situations facing the housing market. >> reporter: the spring housing market is now under way but the anybodies aren't coming in as hoped. sales have trended down in the first quarter due to short supply and high prices. and that's not expected to improve in the coming months. demand is strong but buyers either can't or are not willing to overpay. real estate agents say they're seeing more and more potential sellers afraid to list their homes for year they won't be able to find or afford their next home. and they're still focusing on the higher-end, leaving first-time buyers with few options. on the bright side, higher mortgage rates have not come to pass. the average rate on the 30-year fixed is still below 4%. and may not come much higher. that's giving buyers a little more purchasing power than expected. still to come here on "worldwide exchange," this morning's top stories including reports microsoft is in preliminary talks with private equity firms to help finance a bid for yahoo!. but first before we head to break, we want to hear from you, our twitter and facebook question, what breaks this lull in u.s. stocks data. >> fed speak, earnings or international news? so far, earnings is winning with a plurality, wilfred. not a majority. keep them coming. "worldwide exchange." we'll be right back. a very good morning to you. the bulls in control. u.s. stock futures pointing to a sharply higher open as wall street returns from a long holiday weekend. box office, batman versus superman. and march madness at its best. some huge weekend upsets. and final matchups are set. it's monday, march 28th, 2016. "worldwide exchange" begins right now. ♪ good morning and welcome to "worldwide exchange." on cnbc. 4:30 a.m. in new york. i'm sara eisen. >> and i'm wilfred frost. let's check in on the global markets this morning. futures pointing to a nice open. the dow just shy of those three digits. we were up by 100 points a few moments ago. the dow up 92 points, s&p, 10.5. and nasdaq up by 25. and last week we snapped at 6, albeit at a muted volume. most closed today with the bank holiday. asia, we've got a bit of declines. hong kong itself is closed. sass australia and new zealand. the nikkei doing well, up .7%. and strengthened commodities like oil having a rally. wti im1% fwap. it was stronger half an hour ago. it was above the $40 left now 39.91. brent up .74%. 40. 73. nat gas continues to pressured by 1.7%. the treasury note yield higher. 1.90 is your level. it has remained higher in the face of what has been somewhat better economic data. at least, from the beginning part of the year, showing in fact that the u.s. doesn't appear to be head towards a recession. hinting that maybe interest rates will come sooner. but the real reaction to all of that fed confusion has been in the u.s. dollar which has shot up over the last week in the last few sessions. continues to strengthen against the japanese yen at 113.47. not so much against the euro or the pound, though. the euro getting a bit of a bounceback. 1.1165. gold has sold off in the wake of that u.s.-u dollar. still a strong quarter for gold. gold is selling off by .5%. >> and i think the main take-away for me from last week we had resilience in markets. yes, we did see slight declines for the first week in six. but we did have consents, ongoing fed confusion as you say with the slighter stronger u.s. dollar. oil prices although they dipped above 40 and equities, they held up pretty well. >> the question. it is a good time to reset. even as we are in the last week of the first quarter. with markets completely flat on the year. despite all of the wild swings, the key for me is going to be profits. coming off that q4 gdp report which we got on friday. even though the market was closed, it was a stronger revision for the last quarter of last year, corporate profits were worse. down 7%. the question is what's it going to take to get them to rebound. a lot of economic notes talking about peak margins and actually margins compressing and how that can be a leading indicator. are we going to see margins continue to come down as we gettet first quarter results? that's key for the economy. >> earnings have more conviction because the last couple of weeks we've seen very slow volumes as well. of course, last week, you might expect the holiday week but even the week before that. we'll have to see if earnings help bring back a bit of conviction. corporate news, microsoft is in talks with private equity firms to help finance a bid to buy yahoo! according to reports. this comes as yahoo! is auctioning off its core internet business including search and mail. here's a look at microsoft shares, up .0.3%. yahoo! is remaining flat. 34.87. more potential good news, dell is reportedly set to announce it will sell its i.t. substitute to japan's ntt data corporate for $3.5 billion. it is part to pay down the $50 billion in debt it will incur when it close on its acquisition. enc. uber said the ride sharing company is earning more than $1 billion a year. suggesting china is the company's most intense market. and says the company's investment in the country is sustainable. in other consumer news, "the wall street journal" saying citigroup will have the costco branded cards in may. the retailer preparing to end its 16-year relationship with american express which has really heard amx. and despite negative review, "superman" came flying to save the day. landon dowdy joins us. >> that's right, superman facing off and batman versus superman the dawn of justice. a massive $170 million in domestic ticket sales. the sixth best opening all time and a new record for easter weekend. and the whopping $215 million to make. and another $150 million in marketing. after that review, numerous releases and skepticism over the casting of batman, showing the matchup of iconic for a superhero movie can be any box office hit any month of the year. with ticket sales in the u.s. and canada which include the animated hit "zootopia" which brought in $23 million. and "my big fat greek wedding 2." with $19 million. it's apparelled to the 2016 political race which i find kind of funny. >> landon, thank you. i thought all of these terrible reviews that that they were going to destroy both batman and superman but it seem that's fans like it. >> power the brand and franchise. in other media news, netflix is facing criticism after "the wall street journal" reported the company has been lowering its quality of video for customers watching on wireless networks like at&t and verizon for more than five years now. in a blog post responding netflix said it had limited its quality globally capping them at 600 kill 0 bits per second protecting consumers from exceeding mobile data. and it will allow users more control over data users. apple has dominated the headlines in the tech set in much of the first quarter. will tim cook and company continue to play a major role in the monthsade? jeff litman looks at the issues facing them in the second quarter. let's start with the tech giant that just launched a number of new products apple. ceo tim cook has released se which has a faster chip. the new phone which starts at $399 could give current iphone 5s reason to upgrade. invesselers will be on the lookout for any signs of traction with that new product. in the company's next earnings result likely for apriling, investors with its capital program. apple reported $350 billion of $250 billion program. then there's alphabet likely to report in mid-april. for investors, it says the focus will be on margins. we know cfo has cut cost which is wall street always appreciates but the company is going to keep investing. sinha also wants to know for the energy streams, the company is determined to win that battle hiring the well-respected diane green to lead that effort. and finally, there is gopro, that stock has been under serious pressure with the camera maker admitting that it initially mispriced the hero 4. the new price for the fall, eye alls are on the gopro drone. the company has promised it would launch that drone by the beginning of this year. can ceo nick goodman beat that. we're going to soon find out. for cnbc, i'm josh lipton in san francisco. when we come back, must reads including a peace from tony blair. and the campaign trail, weekend wins for bern nir sanders. plus, another big fight between ted cruz and donald trump. those stories and more when we come back. you're watching cnbc, first in business worldwide. now, to politics, big wins over the weekend for bernie sanders. but hillary clinton still leading in the delegate count. meanwhile, republicans gearing up for a town hall tomorrow. nbc's tracie potts joins us now with the roundup for washington. hi, tracie. >> hi there, sar remarks we'll focus for next week's contest, no primaries this week, no caucuses. but we do know in wisconsin the democrats are getting twice as many delegates as republicans. however, it could turn out to be a bigger prize for republicans because it's winner take all. today, we're looking at donald trump and ted cruz still back to back on these personal attacks. this time, an "enquirer" article which accuses cruz of extramarital affairs which he says it's ridiculous. and he accuses trump of planting that. and trump says it's crazy that he would even mention that. and they're all pledged to support whoever the republican nominee is going to be. ted cruz has backtracked on that. and now saying they're being presumptive. bernie sanders, after the big wins over the weekend, he's now focused on those 96 democratic delegates in wisconsin. and he's also challenging or trying to get hillary clinton to do another debate, this time in new york, her home state. >> tracie potts. thank you very much. in washington with an update on the campaign trail. while, wilfred, i would say i don't think the clinton campaign judging by the news was so surprised that bernie won the states. the margin was quite wide. whether it slows from march to the party's nomination, most of the writeups say no, not yet. but it keeps him in the race. and it keeps her fighting and it keeps her spending a lot of money on these states. >> and focusing on the republican side. certainly, the margin is the surprise. but the delegate count doesn't matter. >> new york will be interesting. she was a senator from new york. he's born in brooklyn, talks about it all the time. that's at the end of the april. that will be fascinating. other news, leaders reaching tentative deals to raise the state minimum wage to $15 an hour. that will become the first state to hit that level. a similar negotiation is in new york state also. today's must read stories. the ones capturing our attention. from the weekend op-eds, fred smith writing for "the wall street journal," this piece titled "how trade made america great." nothing political about this piece, an encyclopedic look at it. i highly recommend it. it give will you an idea of how planes, trains and alls helped shape it. three other factors of the oldsmobile commissions have kurd since 1966. the evolution of the vast worldwide oil market. integration of economies with nafta, the north american free trade agreement of 1994, and the emergence of china as a great commercial power. he goes on and on. nothing again on the campaign trail. nothing from fred smith defending how it helps fedex, which it clearly does in his business model. just sort a lot of information where there hasn't been some as people continue to bash free trade on on the campaign trail in both parties. >> absolutely, linking on how the debate affects the corporate world. my must read is in the sunday times of the uk. tony blair writing an op-ed, taking a hardline after the terror attacks. the debate this focuses on what europe has to do internally. and has ignored slightly the situation on the ground in the middle east. he says we're all in denial about islam. he says we need to take a hardline. need active on the ground military support from us. and we should give it. he says isis has to be eliminated with greater speed. really saying that military action is required. one other line, it's fascinating he says uncontrolled flows of people across europe constitute an unacceptable security list. now, tony blair is like a very, very clear opponent of staying in the european union. that particular line, i just wonder if that gives a bit of leeway, a bit of ground to the brexit camp that want to exit because he's such a famous opponent of the eu. >> or is he coming out with a shot against merkel and her policy? >> i don't think specifically. this is one of the smaller lines. one more generally saying, we need tougher action, tougher action generally. and also education is one of the keys long term. an interesting take. >> you said it got a lot of attention back home? >> yeah, it got a lot of attention. >> in a good way. >> just to say, we've got to raise the debate. we've got to focus on what we need. meantime, airlines are projecting a record travel season this spring. despite that rosy issue, we look ahead to q2 with phil lebeau previewing the issues facing the airlines. >> reporter: until last week, the airline industry was poised to have a big second quarter which is when business traditionally picks up with the spring travel season. but following the terror attacks in belgium, including one at the airport in brussels, the question now is how much will demand slow down? there's no doubt people are still going to book flights to go overseas. includes europe. remember, slowing down means tourists are getting good deals. jet fuel costs are edging up but faired to where they were in recent years it's not a huge drag. finally, reports of sells part or all of the airline could push sales of the sector high. fueled by higher speculation that will will be further consolidation in the industry. even if nothing happens with virgin america, the idea that some of the smaller players could be at play will stoke investor interest in the segments. phil lebeau, "worldwide exchange," new york. >> phil lebeau for us there. still to come on "worldwide exchange," big upsets in sports this weekend. our own eric chenning will bring you the latest in "worldwide exchange." we're back in just a couple minutes. welcome back to "worldwide exchange." if you're just waking up, let's get you caught up on the early market action. u.s. futures pointing to a sharply higher point. dow futures up 57. s&p up 9, nasdaq up 21. this comes off a week in which stocks snapped their gains. after five weeks strong they closed lower last week, about 0.5% across the major indices. in sports, the final two spots in the ncaa men's final four were up for grabs sunday night. all four teams vying for a chance to play in houston next weekend, coming from the same conference, the acc. the top seed north carolina taking on notre dame. the tar heels got a run in the second half with nifty defense turning into instant offense. carolina pulls away beating the fighting irish, 88-74. to advance to the school's most in ncaa history. top seed virginia take on top seed syracuse. the orange were down 16 after staging a major comeback led by freshman malachite richardson. they top it 68 bf 22 to make it to the sixth final four and fifth under coach jim boeheim. so the field is now set for championship weekend. villanova will face oklahoma. and syracuse will meet north carolina for the first time in the season. >> eric chemi, how did syracuse get in the final four? >> unclear. this is why you can't go to bed too early. >> it totally ruined my birthday. >> it ruined all of our -- i had virginia and oregon. i know you had oregon winning it. >> and that's what happens. what's interesting, the matchup between syracuse and north carolina. they'll play each other on saturday night because the two of them are storied franchises. these big time coaches but both of them have had major sanctions. major academic issues, sanction issues, over what's aloud. were they breaking the rules. and syracuse, they weren't even supposed to be in the tournament. a lot of people criticized the selection committee for putting them in, and here they are in the final four. so there will be a lot of story lines about should they even be there. is north carolina going to get punished even further. that's the game to watch. good teams historically, but year, a little dicey. >> on the other side, the other semifinal, who is your phone on? >> my money has been wrong. i think i'm dead last. i went with an aggressive approach. i figure i'm either going to win -- there is no money for second place. it's a high-volatility options-type of trade. both teams good. two seeds both consistent. both been number one at some point in the year. if i had to guess, hard to say. >> i've been focused on the level of attention on this the last couple weeks. the college game, not the professional game. does the money stack up to the attention as well? how much do the bulls pay? is there a lot of money for the coaches? >> there's a lot of money. cbs and turner. it's about $750 million bper year. if you think about it, there's only 63 games per tournament. there's more than $10 million per game being spent. the coaches make millions of dollars. okay just, the players make nothing. that's another story. the supreme court is going to hear the case about something around how players get paid in likenesses in video games. >> and the betting market. >> betting market, $9 billion are bet on the tournament ever year. syracuse say 400 to 1 odds. somebody can take home $40,000 with 40 bucks. supposedly new york's college team. they're always pushing their ads at yankee stadium. they want new york city people to root for syracuse. >> i certainly wasn't. >> next year, i promise to be better. >> you'll be acclimated. >> i don't know, if eric chemi can't pick it, nobody can. how do you pick your bracket? >> i went with all the favorites. i picked the wrong conference to go all the way. >> eric, great stuff. thank you for joining us bright and early. >> let's have a quick check-in on the futures market before we go to break. europe largely closed for the easter holiday. asia, some markets closed. we've got china down and japan up in the nation of a weaker yen. as you can see, u.s. futures pointing with the dow open around 80%. it had been triple digitses for a while. just lost 20 of those points. >> oil pay be part of the story here. oil is rebounding this morning. just around that $40 a barrel level. $39.78 right now. coming up, we're going to talk to rbc's head of retail trail. the call on oil to influence the rest of the market. that's coming up on "worldwide exchange," here on cnbc, first in business worldwide. new this morning -- why a top fed official says the u.s. is doing fine. but the world isn't. deal deja vu. new reports that microsoft could now be part of a bid for yahoo!. and a bunny hop gone wrong. a viral view of peter cotton tail jumping out of an airplane. it's monday, march 28th, 2016, and "worldwide exchange" begins now. ♪ good morning. welcome to "worldwide exchange." on cnbc. i'm sara eisen. >> and i'm wilfred