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://view.response.cnbc.com/?qs=9a3dd86d8f96979f5d4ef6e40153a26ce86d49cd4ca062827878c0fea9f87f7b15e1723e96fefe7d3ab3cf8d6d84c6ebfd1cd8396b26f11d885f7ab5799b4ba4CNBC | Morning Squawk To view this email as a web page, click https://view.response.cnbc.com/?qs=9a3dd86d8f96979f5d4ef6e40153a26ce86d49cd4ca062827878c0fea9f87f7b15e1723e96fefe7d3ab3cf8d6d84c6ebfd1cd8396b26f11d885f7ab5799b4ba4 here. https://click.response.cnbc.com/?qs=ff35b96e7d40c071e866184a81c5ecf87dae5a89bae257cb266ff903f2e9aa0594b1b760da54470150cebb8a0993a86c8c9e4e51a8ebcbee https://click.response.cnbc.com/?qs=ff35b96e7d40c0711dc92df74803c68d0cc13f4e0e2f1d6a83b60e58561b57147b5748521379e9f1b0f021739ad7aac1f2c14c86c84e8ff0 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=ff35b96e7d40c071adec58cee27a289272807fab5286e9f0293bd7b64f8ef0a8f30a0981a1ac440e119cd56302c1484c37142436e23f9ead were higher ahead of the conclusion of the Fed's two-day meeting. The Dow fell for a second straight session on Tuesday. The S&P 500 and Nasdaq both broke multiday win streaks. (CNBC) The Fed https://click.response.cnbc.com/?qs=ff35b96e7d40c071d755fc899dbd5100eb1463fb35d732f09ff1ece20d19c591322e19f152e6c2a5d25772bc19e2b946b855fb4f021cb8f9 is widely expected to announce an interest rate hike at 2 p.m. ET, followed by a Janet Yellen news conference. Some experts wonder whether a reversal of the Fed's bond reinvestment policy may come soon. (CNBC) JPMorgan CEO Jamie Dimon said repatriating corporate cash held outside the U.S., if laws change to make it more favorable, would spur substantial economic growth, https://click.response.cnbc.com/?qs=ff35b96e7d40c071b6dc40513d67da6129c7505a41d559e8950cb0420e3036dfb6740c5da69b22e9038c538d06ca3e72697714b5f3ce238d like a Fed "QE4" bond buying , regardless of how companies use those funds. (CNBC) Oil prices https://click.response.cnbc.com/?qs=ff35b96e7d40c0713270d3645ad49d6d94ab7f1dfa53c45a37eda1250dfced36bd2ee0b2c8ef119e82c9f62f40eca3c65e7b3b70c084d902 were sharply higher on industry data showing a surprise inventory decline. The government releases stockpile figures at 10:30 a.m. ET. Meanwhile, the IEA said demand for oil is expected to drop this year. (CNBC) https://click.response.cnbc.com/?qs=ff35b96e7d40c071fa52ee5544eb8660240a49c908fa585f8908228a52427ed983902cda1e44ee83ab3103086426a918175043a7052f33cc https://click.response.cnbc.com/?qs=ff35b96e7d40c0710ff08b8883c2153ddd253cb09e9d7ab6ef05690a04f42dd3e93dc1baeb46b5cb7b49a6e14755bd6d2d27cb193eaae717 https://click.response.cnbc.com/?qs=ff35b96e7d40c07163634686aec250ce0219a9e1e8857559e940268b2d24e4dc532f3c523eb78bd8c94db1c08715e3350fc7fa6bb3c67783 The White House said President Donald Trump https://click.response.cnbc.com/?qs=ff35b96e7d40c071869a0eb3481072d39910b88e6108ae8788fc98c24849064b527480f0acdda5a9cade4b9d134aa0608c2bf75cf52f0d53 paid $38 million in taxe s on income of more than $150 million for 2005. The statement came moments before the promised reveal of the information on MSNBC's "The Rachel Maddow Show." (CNBC) Trump may have leaked his own 2005 tax return, according to Pulitzer prize winning investigative reporter https://click.response.cnbc.com/?qs=ff35b96e7d40c0714ed783eb05c88d7b6b4b3fc20f7e708353036b77c55aa58d0437df1077c023d0a4e494f3b9a7aaba34e546288fc62c5c David Cay Johnston , who said he got the document in the mail. He shared the findings exclusively with Maddow. (CNBC) David Cay Johnston https://click.response.cnbc.com/?qs=ff35b96e7d40c071ac40bd227a83794303d525e28199f12158e87c8d33e60b283e02c069cbc4159aa3d4f791114e06bfe0cd351c8c70414d wrote an opinion story in the USA Today, saying the big story following the president's taxes is how Congress has turned the tax code into a source of massive wealth for many of the richest Americans, including Trump. For Trump, in the swirl of chaos thanks to the CBO saying the GOP health-care bill would lead to 24 million uninsured and the FBI preparing to weigh in on the president's Obama wiretapping accusation, the tax story is a https://click.response.cnbc.com/?qs=ff35b96e7d40c071eb044ed18c41fc3307bf8fa8bbd1208a9c4d2f94ded26fe4173358da0c0801dadba7404895f58d782608aeed5954da8f welcome reprieve . (CNBC Op-Ed) The Justice Department https://click.response.cnbc.com/?qs=ff35b96e7d40c071399ddca09aa79fdea8eabd702bb0d5cfde474db3462cc538db99e1f6eb81c1a4fd2f7a3df7113bfc27fa467bfdd09600 is expected to announce charges as soon as today related to breaches at Yahoo, which complicated the tech firm's Verizon (VZ) deal. The alleged hackers reportedly have ties to Russia. (USA Today) https://click.response.cnbc.com/?qs=ff35b96e7d40c071b6ef0ea214d3d1175e2353a81963cd60fb1629d214241ded6a98b935403ad473fb1a90fc46d2913645b5e50590c95ead Hundreds of Twitter accounts from media outlets to celebrities including pop star Justin Bieber, were hacked today, calling Germany and the Netherlands Nazis over their dealings with Turkey. (CNBC) The Netherlands https://click.response.cnbc.com/?qs=ff35b96e7d40c071fb0ae7a8f3586ffd77ff7f1d71f8f447435b9c5b36d4dff73caef060a6f5f4e03ad208dfae6d22d89d1914f6d97a3e4c holds parliamentary elections today in the year's first test of the strength of anti-immigrant nationalism in Western Europe, following Brexit in the U.K. and Trump's election in the U.S. (USA Today) The U.S. Air Force https://click.response.cnbc.com/?qs=ff35b96e7d40c071f6fb142b1a62c66418b491aca5ac2932d731e038403b7ede64b39cd59f9c5b4c64338287222689ad0458944bc8491a0d picked Elon Musk's SpaceX to blast a second GPS satellite into orbit, part of a broader drive to open up various other launch contracts for competitive bidding through late 2019. (WSJ) The Treasury Department https://click.response.cnbc.com/?qs=ff35b96e7d40c071cf97dbbdf08a8b24c4eeca1f3eed584edd4670580810a3afa195575ad954a4dd26bae6c5afbbead870910aff587d9741 is set to employ emergency cash-conservation steps to avoid breaching the federal borrowing limit after a 16-month suspension of the debt ceiling expires this week. (WSJ) https://click.response.cnbc.com/?qs=ff35b96e7d40c07138c48f430174b0b3504dffb9d122fea53e7823b00696c3dc0781b65c26198a2285f6728eda5fe332e516f860531a9b8e Trump plans to nominate Goldman Sachs banker James Donovan as deputy Treasury secretary. Treasury Secretary Steven Mnuchin and National Economic Council director Gary Cohn are also Goldman alums. (Reuters) Federal judges in Maryland and Hawaii https://click.response.cnbc.com/?qs=ff35b96e7d40c071afa099589a9c1c84b9cc42a4226bfe3a94d0f1a1e1aa34ac4618e54fae0591cc5ddaec48189b320000b6ae975fdc0ef1 hold hearings today on whether to block enforcement of Trump's revised executive order banning travel to the U.S. from six Muslim-majority nations. (NBC News) Senate Republicans https://click.response.cnbc.com/?qs=ff35b96e7d40c0712c0b9e2ec4519290c3f9f679e99483c013f6007b23041e99aa1afd0973fb10e2fcc105aff8160e5796b84d225f37497b suggested changes to the House plan to repeal and replace Obamacare, including lower insurance costs for poorer, older Americans. (NY Times) According to the latest https://click.response.cnbc.com/?qs=ff35b96e7d40c0718615040e8d0655a7e4473f3bed3621e8a2768c0c8b0bb38e170ebfb32e0f2469de35b67c035c560e39dc7da22e5552ee CNBC Global CFO Council Survey , a majority of respondents were less than 50 percent confident Congress will pass health care legislation and tax reform by the end of this year. BY THE NUMBERS Ahead of the Fed's busy afternoon, there are plenty of economic data policymakers and investors to consider, starting with February figures on retail sales and consumers prices at 8:30 a.m. ET. January business inventories are out at 10 a.m. ET.Mortgage rates moved to their highest level since 2014 last week on expectations for a Fed rate hike. https://click.response.cnbc.com/?qs=ff35b96e7d40c07173d27c572d40bea4e060f4edf143a50e01f399af69dfeb067f3d4e8642abf4d0eacd3d4b497bfad5d0a783a909eed83a In hopes of locking in before rates go up even further, applications for home loans rose 3.1 percent and refis were up a stronger 4 percent. There are no major earnings reports due for release this morning, but Oracle (ORCL) is out with quarterly results after the closing bell this afternoon, along with Avid Technology (AVID), Guess (GES), Jabil Circuit (JBL), and Williams-Sonoma (WSM).The winter storm that hit the Northeast seems to be perfect stage for the IPO of pricey jacket maker Canada Goose, controlled by Bain Capital. The offering is set to price tonight, with trading set to begin tomorrow on the NYSE and the Toronto Stock Exchange.STOCKS TO WATCH The reputation of weed-killer Roundup is taking a hit as a federal court unsealed documents raising questions about its safety and the research practices of its manufacturer, chemical giant Monsanto (MON).FTD Companies (FTD) reported earnings and revenue were slightly lower estimates. The flower and gift seller's new CEO said the firm has recently performed below potential but it has various assets to build upon.Gap (GPS) named former Gymboree CEO Mark Breitbard as chief executive of its Banana Republic unit. Breitbard joins in early May. Microsoft (MSFT) named LinkedIn co-founder Reid Hoffman to its board of directors, effective immediately. Microsoft bought LinkedIn for $26.2 billion late last year.WATERCOOLER "The Matrix" is reportedly getting a remake, with Warner Bros. https://click.response.cnbc.com/?qs=ff35b96e7d40c071bf399b94a6f156d45bf8c484a8ef61bd8584262b912bf3f34a0b43e83bc5722d8dbe7a22febecbe2ccacab2f41e484f4 in the early stages of developing a rebooted version of the 1999 cyberpunk classic. (The Hollywood Reporter)The NCAA men's basketball March Madness tournament https://click.response.cnbc.com/?qs=ff35b96e7d40c071ab0bf5fd54b645b4983e94eeb84605015ef27ff4ecc5c6f3aeacaf2c679fa1dbd70ad7b82de90bde5cc867a5873bbfc2 rolls on today, with UC-Davis taking on North Carolina Central at 6:40 p.m. ET, followed by USC and Providence. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=ff35b96e7d40c0710d93e66aa52fb9a8f5daa698c34707b775d7016cbfdd216461d66e49bd2e3de73b1adda06119004905b54dc1ede34bda https://click.response.cnbc.com/?qs=ff35b96e7d40c0710d93e66aa52fb9a8f5daa698c34707b775d7016cbfdd216461d66e49bd2e3de73b1adda06119004905b54dc1ede34bda Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=ff35b96e7d40c071f14ef7679389828f23199a65f7e83075a82e095d769216373749746aedd0a182fec6cc130aee2904deb634526d4b6f2e @Matt_Belvedere https://click.response.cnbc.com/?qs=ff35b96e7d40c0718626922b23c0417ed900f5f324bf093d391210be9326b1d51eabf4bb778c2e95fa9ba74df90fb188143dd54fc4c665c6 https://click.response.cnbc.com/?qs=ff35b96e7d40c0718626922b23c0417ed900f5f324bf093d391210be9326b1d51eabf4bb778c2e95fa9ba74df90fb188143dd54fc4c665c6 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=ff35b96e7d40c0712b8fa481eda6d60e58630c21b35a3b6aa63e8b3bcd09b1bb40c5d2c997ab5b4b4351f7ffe7e5e72f6856518746c0d00a @peterschack Feedback We value your input—use https://click.response.cnbc.com/?qs=ff35b96e7d40c0712a73ba12bb82eed7a93ae696abff672ef8d6cbb6d6683fa0d34d4f510d3eefb61d3daa3b586af0ef40d0d6fc32df9496 our simple form to let us know what you think. 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