Stocks poised for 1st weekly loss in 6 weeks
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=8ead3ae89364cc316d9b8f0f32c398d713800d9a4375754c1a2b15c47cacba3cb9b6e2d5264ef7a0CNBC | Morning Squawk To view this email as a web page, click https://click.response.cnbc.com/?qs=8ead3ae89364cc316d9b8f0f32c398d713800d9a4375754c1a2b15c47cacba3cb9b6e2d5264ef7a0 here. https://click.response.cnbc.com/?qs=8ead3ae89364cc310db20b99129bbffc7bbdf7c6b41ba78f6aec05cd2738b921267e92d9c7b3e3be https://click.response.cnbc.com/?qs=8ead3ae89364cc319a52a90d9b8ee590ea1c21f95df4a56be5ff7acafacbc91fe6e832fc2c0080b7 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=8ead3ae89364cc31981157a9308caca0fe7f5d3a44a4230bd036c93120fd8d2c988149f6825bcc6a were lower this morning, with the Dow, S&P 500, and Nasdaq on track for their first weekly losses in the past six weeks. The U.S. stock market will be closed tomorrow for the Good Friday holiday, but the government still plans to release its final revision of fourth quarter GDP. (CNBC)Oil prices https://click.response.cnbc.com/?qs=8ead3ae89364cc317760c75bc9d49ca50d2965cd97a858f66d76cd311f7fea965cc8dfc30451e594 were under pressure this morning, heading for their biggest weekly slide in two months, dented by record-high crude stockpiles in the U.S., and a stronger dollar. (Reuters)The slump in oil that makes gasoline cheaper is unlikely to boost the world economy until rates start to rise, by which time crude may have recovered somewhat anyway, https://click.response.cnbc.com/?qs=8ead3ae89364cc311e2231a77514459bfa88918aa8075bb46ccb07cd369cbb07e6877c85dad27c5d according to the IMF . (CNBC)Chinese stocks https://click.response.cnbc.com/?qs=8ead3ae89364cc315227da62984be98113bc885c32f9ad104f6a0eda3d4a8e62508a62d7eb8657cd were lower overnight , with the Shanghai composite down 1.6 percent. Meanwhile, https://click.response.cnbc.com/?qs=8ead3ae89364cc3104221c5d13989409fa6151b5871c6d07f52fb6b9d918c7bfb58ba73a49a70df0 Chinese Premier Li Keqiang said Beijing has enough policy tools to ensure a stable economic performance. (CNBC & Reuters) https://click.response.cnbc.com/?qs=8ead3ae89364cc31543bf030112ec5ca81e9741d02630e95f787515ffe21e5f13c109859db480ac3 https://click.response.cnbc.com/?qs=8ead3ae89364cc31f7c83681553e2604e8b03874498e389d0c027ea383a8582296eeec6132190ccd https://click.response.cnbc.com/?qs=8ead3ae89364cc317de2baeef3972715fe46f80c56065e38a6ac0248527d99d08215f1315b8bbc7d Authorities believe the two Belgian-born suicide bomber brothers — one who died in Tuesday's Brussels airport blast, the other who died in the city metro station explosion — were accomplices to the November Paris attacks. Meanwhile, the suspected Paris bombmaker is believed to be one of the suicide bombers killed in Tuesday's Brussels airport attack. (AP)Salah Abdeslam, arrested last week in Belgium's capital as a primary suspect in last year's Paris attacks, https://click.response.cnbc.com/?qs=8ead3ae89364cc31b1f5a76340e55a95435d8322f633377c68da4ce323a9136fe0b175143834cb9c is set to appear in court today . The extradition hearing was rescheduled after Tuesday's Brussels attacks. (USA Today)The effectiveness of Belgium's intelligence was https://click.response.cnbc.com/?qs=8ead3ae89364cc317928cddfc62f71486caba2dbf806fc04c59a7b427774633d8db0801c6fbf36ed thrown further into doubt, on news Turkey had arrested and deported one of the Brussels bombers, and Belgium may have ignored a warning about the risk he posed. (CNBC)GOP front-runner Donald Trump https://click.response.cnbc.com/?qs=8ead3ae89364cc31aa6a2f2a4c75c15e329df42cda961196550c8f5d4c1c45a969915ffad41f818c told British TV he thinks the U.K. will vote to leave the European Union in June because of concerns about "the craziness that is going on with the migration, with people pouring in all over the place." (CNBC)Republicans desperate to stop Trump are increasing pressure John Kasich https://click.response.cnbc.com/?qs=8ead3ae89364cc3111093597c70225401a2e54a4f7ba5d8db0e718fdf7a693d949c19de586d0e0ba to quit the race , with former candidate Jeb Bush joining the growing number of party figures throwing their weight behind Cruz. (NY Times)Trump escalated his Twitter war with Ted Cruz, retweeting last night an unflattering photo of rival Ted Cruz's wife, Heidi Cruz, next to a more flattering picture of his wife, Melania Trump. (Twitter) https://click.response.cnbc.com/?qs=8ead3ae89364cc3119446184459ab6e6c7fc1871d8848a32906626a5652dc7a9761910f2c9fe2414 Starboard Value wants to remove the entire board of Yahoo (YHOO). The activist hedge fund is expected to nominate nine directors to the board. The troubled web portal currently has nine board members, including CEO Marissa Mayer. (WSJ)The Apple Pay mobile payment service https://click.response.cnbc.com/?qs=8ead3ae89364cc31d3b9123c2df6cf2db4c4d36c66446fe0e173024a06b1c4b5491a29c41f0c6488 will be integrated with Apple's (AAPL) Safari web browser later this year. Separately, https://click.response.cnbc.com/?qs=8ead3ae89364cc31d3f7bda69df81a02275d1b3698de79a7a106630979aa2335d7038cd88baeb103 preorders opened today for the newly unveiled 4-inch iPhone SE and 9.7-inch iPad Pro. (Re/code & The Verge)The troubles at Valeant (VRX) https://click.response.cnbc.com/?qs=8ead3ae89364cc316812c64698968b407f7fb608fb51e52c25050016a8e2d3f3b44ef9e1be967551 claimed another casualty , as investing legend Robert Goldfarb stepped down Sequoia, a mutual fund with a big stake in the drugmaker. (WSJ) https://click.response.cnbc.com/?qs=8ead3ae89364cc31c220fa15eb61b4b70d5c028bfaa6c11eb3560a6f5d1e92280bc4d788e68142e5 Sen. Chuck Grassley said the takeover of seed giant Syngenta (SYT) by ChemChina could pose risks for the security of America's food supply. The USDA has previously voiced concern over the deal for Syngenta. https://click.response.cnbc.com/?qs=8ead3ae89364cc31d1a60f2e871e9c3555df605b21c1f6320ca49c8f6a22a6c210be588fc42662d7 Terex stock was higher in the premarket, after the industrial equipment maker announced it would move forward in merger negotiations with Chinese competitor Zoomlion. (AP)Yum Brands (YUM), owner of KFC and Pizza Hut, https://click.response.cnbc.com/?qs=8ead3ae89364cc315c46be8a07c40291044bd7f92a36e643afa0607afe2b3d3f2dd8c77eefb77651 is in talks with PE firms including KKR (KKR) and Hopu to sell a minority stake in its China operations as it prepares to spin off the once booming unit. (Reuters)BY THE NUMBERS St. Louis Fed President James Bullard speaks ahead of the market open, at 8:15 a.m., ET, in New York City. In an interview Wednesday, he was the latest Fed official to suggest policymakers could raise interest rates as early as April.Two key reports are be out at 8:30 a.m. ET ahead of the shortened week's final trading day: weekly jobless claims and February durable goods orders. The Energy Department releases its weekly look at natural gas inventories at 10:30 a.m. ET.Accenture (ACN), Finish Line (FINL), and Winnebago (WGO) are among the companies issuing earnings this morning, while GameStop (GME) leads the short list of firms releasing quarterly results after this afternoon's closing bell.PVH Corporation (PVH) beat forecasts on earnings and slightly exceed estimates on revenue. The retailer behind brands including Calvin Klein and Tommy Hilfiger, Van Heusen warned on full-year results.KB Home (KBH) beat expectations on quarterly earnings and revenue. The homebuilder issued an upbeat full-year forecast, thanks to what it calls a healthy order backlog.H.B. Fuller (FUL) beat estimates on earnings but missed on revenue. The specialty chemicals maker was helped by strong results in its engineering adhesives unit. STOCKS TO WATCH The FTC's tactics to try to prevent the Staples (SPLS)-Office Depot (ODP) merger have come under criticism. A federal judge said the FTC pressured an Amazon (AMZN) executive for testimony. FTC denies any improprieties.A federal judge granted class action status to a lawsuit against Barrick Gold (ABX), which accuses the mining giant of misstating facts about a discontinued project on the border Argentina and Chile.Exxon Mobil (XOM) must include a climate change resolution on its annual shareholder proxy, following a ruling from the SEC. The oil giant had claimed it already provided sufficient disclosure on carbon emissions.WATERCOOLER The South Region kicks off 2016 Sweet 16 March Madness action, with https://click.response.cnbc.com/?qs=8ead3ae89364cc31ed1b0cd101bc11b63b04663148bf44bd889e639a52f1d4cc6460c491d2b943f4 No. 2 seed Villanova facing No. 3 Miami tonight. The nightcap in the West features https://click.response.cnbc.com/?qs=8ead3ae89364cc3118b06d1e20977fb6817e95894472883499170bafdb504c2398826d2d58c32a9a No. 1 Oregon versus No. 4 Duke . (NBC Sports) CONTRIBUTORS https://click.response.cnbc.com/?qs=8ead3ae89364cc31680470997017a5fa9d4c320235126e19aea0187e776f3285893459135aa4cdb5 https://click.response.cnbc.com/?qs=8ead3ae89364cc31680470997017a5fa9d4c320235126e19aea0187e776f3285893459135aa4cdb5 Matthew J. 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