Ahead of jobs, Q2 on Wall Street starts in the red
To view this email as a web page, go to the link below, or copy and paste it into your browser's address window. https://click.response.cnbc.com/?qs=70f8a7326cd3d9315242d7f61ca4a570ce47042249a18eaec5ea7fcc85137b582dcf4fff2b60023cCNBC | Morning Squawk To view this email as a web page, click https://click.response.cnbc.com/?qs=70f8a7326cd3d9315242d7f61ca4a570ce47042249a18eaec5ea7fcc85137b582dcf4fff2b60023c here. https://click.response.cnbc.com/?qs=70f8a7326cd3d931c8035e7d5f86f60148759dd2b9ff9aa1f62c6335197bb3b49b14d9c642d80384 https://click.response.cnbc.com/?qs=8a3069358bc115f485941e711d68387cc621fa22c2ec89765b0c605db82b9366a687663517f8ebce IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=8a3069358bc115f4791ae1d9c6c0d4c3f9a8f4e2913cca781b67bb9b7dbc7f58af2c843539c09013 were lower this morning, the first day of the second quarter, ahead of the 8:30 a.m. ET release of the government's March employment report. The https://click.response.cnbc.com/?qs=8a3069358bc115f48a1645d98d3bfffcaa0ddee498bfefa9077b2c75cf68ae74f8f579edf8c4a0e2 Dow closed out the first three months of the year with the biggest quarterly comeback since 1933. (CNBC)Economists https://click.response.cnbc.com/?qs=8a3069358bc115f482f56f45c7f1a185b6c00f16f86ed6482e53a853d27b3cbecac63319d66199e5 were forecasting a healthy 205,000 jobs were created in March, with average hourly earnings seen up 0.3 percent. The jobless is expected to hold steady at 4.9 percent. (CNBC)Fed Chair Janet Yellen https://click.response.cnbc.com/?qs=8a3069358bc115f411f5faa33f510cdd0c0d763e3eb46ecbc7a00fb326cbafb07d74cfd3d65708ec may have squeezed some of the volatility out of markets with dovish comments this week. Cleveland Fed President Loretta Mester speaks at 1 p.m. ET. She's a voting member on the central bank's policymaking committee this year. (CNBC)U.S. oil prices https://click.response.cnbc.com/?qs=8a3069358bc115f4accb6d2d9af9dd5af69bd780d0f915162e895a8369cdfcdf9b04d49ac187eb72 were lower this morning, after a flat finish on Thursday. West Texas Intermediate crude posted a 3.5 percent quarterly gains, breaking a two quarter losing streak. The weekly Baker Hughes rig count is out at 1 p.m. ET. (Reuters)Japan's Nikkei https://click.response.cnbc.com/?qs=8a3069358bc115f4bcf0d624f6501d40750f92917b9d34466759eeeeee52d9e612d5236ff26ab8bf lost 3.5 percent today, as a reading on the economy disappointed investors. Meanwhile, China's Shanghai composite closed slightly higher on better-than-expected Chinese manufacturing surveys. (CNBC) https://click.response.cnbc.com/?qs=9f733a74ecd29e6445b2dd133f535881ff2e657a9044b25b6c97954531db809c3fdd1742f8d09ec2 https://click.response.cnbc.com/?qs=9f733a74ecd29e6494bcc8e8f4a8ffd021612a213f361c7c1e5c3e2089dffc1369fa00aab18c8393 https://click.response.cnbc.com/?qs=9f733a74ecd29e64061665b17a300eb3fed4925751debb4cbd1eae24cb88a551f807599946d31510 A consortium led by https://click.response.cnbc.com/?qs=9f733a74ecd29e64e6f4375317e5b3d05e8ec8b10ab75c6d0704652336ebe28fdc21951789540d70 China's Anbang Insurance is walking away from its proposed takeover of https://click.response.cnbc.com/?qs=9f733a74ecd29e64ae6a3ade4cca5f9e09d982f6f56472a37ae39a3b16af8a35dbd751ae19732bed Starwood Hotels (HOT) worth almost $14 billion. https://click.response.cnbc.com/?qs=9f733a74ecd29e64074e086e33f69198e68bf8aaef4f83900398d60320ebc4f5d42193e39c536784 Marriott 's (MAR) recently increased $13.6 billion offer was favored by management. (CNBC) https://click.response.cnbc.com/?qs=9f733a74ecd29e648eeaf4d2d1c00a3eb95df0be057d07586ac49ecec52aad2b2ebe8cbe9ad54afe Tesla Motors (TSLA) gave a preview of its lower-priced, Model 3 sedan, saying more than 150,000 drivers had ordered the electric car, even though it's https://click.response.cnbc.com/?qs=b5c8c011a7fbafda6498d9fcb08a2d3bb343ba5dd87718978a0a076c042df82140a15d86770e6f6b more than a year away from production . The starting price is $35,000. (Reuters) The blood-testing devices that Theranos touted as revolutionary https://click.response.cnbc.com/?qs=b5c8c011a7fbafda2bc132464ef02c4fea3eff3313f1992e7474a9e00602908e33767a4816425b2c often failed to meet the rich startup's own accuracy requirements for a range of tests, including one to help detect cancer. That's according to a federal inspection report. (WSJ) GOP presidential front-runner Donald Trump https://click.response.cnbc.com/?qs=b5c8c011a7fbafda3177eeb04808cc8b2d527172b0b7dad86232aac051079d115691ba6445047a64 held an unexpected meeting in Washington with the head of the Republican National Committee. Trumps trails Ted Cruz in next week's winner-take-most Wisconsin primary. (Reuters) https://click.response.cnbc.com/?qs=b5c8c011a7fbafdad3ccbf2de472b27afe2d57b5f21d5893feb37f5c2f0a5fdf826a7edac19f6511 Dozens of world leaders assembling today for a nuclear security summit in Washington will confront a disparate array of modern-day threats, ranging from government actors like North Korea to murkier groups like the Islamic State. (AP) Officials from the CDC, the White House, Health and Human Services, and local governments gather in Atlanta today, to work on a game plan to combat the Zika virus.BY THE NUMBERS The government's jobs report is the first set of data in busy day for economic numbers that also include the ISM's March manufacturing index at 9:45 a.m. ET, and February construction spending and the University of Michigan's final March consumer sentiment index at 10 a.m. ET.The nation's automakers also release their March U.S. sales figures throughout the morning, with Edmunds.com forecasting a 23.5 percent increase from March of 2015.Manhattan real estate https://click.response.cnbc.com/?qs=b5c8c011a7fbafda8501a2d80927a6637b69921b683531599ec8f229e3e38d0985768d1ff3ed25a1 set a new record during the first quarter, with the average price of an apartment topping $2 million for the first time in history. The average price per square foot of $1,713 was also a record. https://click.response.cnbc.com/?qs=b5c8c011a7fbafda82681077cfa40bae2b6b82f4591e428e2fa55eae1fdddd2da89b9900c2e04800 Urban Outfitters (URBN) late Thursday gave an upbeat outlook for the current quarter, with the apparel retailer saying it sees low single-digit increases in comparable sales. https://click.response.cnbc.com/?qs=b5c8c011a7fbafdaa0380580e54dafc07017bd1172e03a30a4ded575a3834238c31e27d2222f2ddd Marvell Technology (MRVL) is going to miss the deadline to file its annual report for the just-ended fiscal year, and the chipmaker also said it would issue an annual loss as revenue drops.STOCKS TO WATCH David Tepper's Appaloosa raised its stake from 9.5 percent to 10.88 percent in https://click.response.cnbc.com/?qs=b5c8c011a7fbafda187575f899b34fae974d9ae4e2b8f10586fe5a89342e7fd844b0337496c0ef77 TerraForm Power (TERP), one of the so-called yieldcos of https://click.response.cnbc.com/?qs=b5c8c011a7fbafda7ac1250d5ced961f2e7750157b2f5b79572bafcd86d2dff156e96911339dc974 SunEdison (SUNE). This week, Appaloosa filed a lawsuit, saying SunEdison and some TerraForm directors had breached fiduciary duties. https://click.response.cnbc.com/?qs=b5c8c011a7fbafda66edb6dd4f2124534624c8ff584c3805edcd229661eec84032eab5ca7325b2bb Progressive (PGR) locked in a contract to become Uber's insurance company in Texas, breaking a trend that the ride-hailing service buy insurance solely from https://click.response.cnbc.com/?qs=434faf2b539e3b13dfbc2fca5dc811d58bcce0527dbc0c61ebc345c9482901a2ab9e83f5fd8bc7c0 James River Group (JRVR). https://click.response.cnbc.com/?qs=434faf2b539e3b13b8028269774cdc0aef80e8a6177f1dae3eb0e144dea7458d2d273954dc965d50 Netflix (NFLX) won't be investigated by the government for so-called throttling. The FCC's chairman said the streaming service's actions were outside the net neutrality rules adopted late last year. Egypt blocked https://click.response.cnbc.com/?qs=434faf2b539e3b13ab3d513601380461f6c7fa91f1fc0dd1cdd9f4f446e4d90f1e308f7e1ab3a53f Facebook 's (FB) Free Basics Internet service there at the end of last year after the U.S. social network refused to give that country's government the ability to spy on users. https://click.response.cnbc.com/?qs=434faf2b539e3b139a8b4a9f47d2bfde8a5624da72ffb855422beb1d8c9d63febcd29ff96e6d24b7 Regeneron (REGN) and Sanofi (SNY) say their experimental eczema treatment was highly effective in two large trials, with no serious side effects. The two drugmakers plan to seek U.S. approval. https://click.response.cnbc.com/?qs=434faf2b539e3b135138f680565930e18fc4994438c24b708ba95539a3c517324b42ce7eb77e484a Endo International (ENDP) was accused by the FTC of paying rivals to delay generic competition against two of its biggest drugs. Endo said it was disappointed by the action and intends to vigorously defend itself. WATERCOOLER https://click.response.cnbc.com/?qs=434faf2b539e3b1382378ca5c0138c2a76ac37db5dd33eba554b4c23dcd261ac72d87496f11e756d Forty years ago today , Steve Jobs and Steve Wozniak started https://click.response.cnbc.com/?qs=434faf2b539e3b1347d3bb7b505431ce8990c9868f4d018557aa8d2277355b87779968e62210e995 Apple (AAPL). But it was a long road to becoming the world's biggest tech name, flirting with financial collapse before Jobs returned. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=434faf2b539e3b13d35854da59e1c699bb25188b785aa6d13078dedfdd1a2cd0525540ed47660fd0 https://click.response.cnbc.com/?qs=434faf2b539e3b13d35854da59e1c699bb25188b785aa6d13078dedfdd1a2cd0525540ed47660fd0 Matthew J. 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