Wall Street looks to build on rally ahead of Fed meeting
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=faec39546e4ed13284558fd976674a7b5083491cee5db2b70fa68222bf51f954ed7db276d431fd20CNBC | Morning Squawk To view this email as a web page, click https://click.response.cnbc.com/?qs=faec39546e4ed13284558fd976674a7b5083491cee5db2b70fa68222bf51f954ed7db276d431fd20 here. https://click.response.cnbc.com/?qs=faec39546e4ed132a7ec4986fb6ede76f51c20beb9f892475c0f8c8475141325d358670e6785f7f5 https://click.response.cnbc.com/?qs=faec39546e4ed132daa4f620ea74c6de69d0185142aed9369e51813600b0ce057969ee8a841ed118 IN THE NEWS TODAY U.S. stock futures https://click.response.cnbc.com/?qs=faec39546e4ed1323b9f52e1deac9841d47ab38a27b7e7133e87664d0759ecc486fd4028e5923ce5 were holding near the flatline this morning, after the https://click.response.cnbc.com/?qs=faec39546e4ed1328090e7679df87bc9ba8fd6c58f0e0eeeb67fbd00add26d88d4184b95515d9472 S&P 500 's highest close of 2016 on Friday and four straight weeks of gains on Wall Street. Investors also focus on the Fed's upcoming two-day meeting, which begins tomorrow. (CNBC) Oil prices https://click.response.cnbc.com/?qs=faec39546e4ed132f499ea53b50f5a30a4dc1e3ad0399e848b2acf542a28c67de4c50b84ec0f96e3 were sharply lower this morning, with Iran dashing hopes of a coordinated production freeze any time soon. U.S. crude surged nearly 1.75 percent on Friday and more than 7 percent for the week. (Reuters) Asian stocks https://click.response.cnbc.com/?qs=faec39546e4ed1328c8325ec94cb4f8abcd449539a460faa118bca7e769efb3c3368d8dd4bbc8103 closed higher overnight , with Japan's https://click.response.cnbc.com/?qs=faec39546e4ed132cb5c6c18d036d5fcfbee623bf9a39283aaa64856b73fa34470161ff34cffde1b Nikkei 225 and China's https://click.response.cnbc.com/?qs=faec39546e4ed1324ca88830b82ce39271cb9e9870202e5ada11f4ec13d4a75b2a3c16841784690a Shanghai composite both gaining more than 1.7 percent. The moves higher followed Friday rallies in both Europe and Wall Street. (CNBC) https://click.response.cnbc.com/?qs=faec39546e4ed13263c04e06f87463508a851adbda3c7ec080bd4efe5e6e96dabbcd0a6684e619bb European stocks continued higher this morning. Stocks in Germany led the way in early trading, despite German Chancellor Angela Merkel's party suffering a https://click.response.cnbc.com/?qs=faec39546e4ed13270df8447b65b131de3c528f8698e1d8d2311979f1c75df8c729ad3f523b373f7 big political setback over the weekend as her party. (CNBC) https://click.response.cnbc.com/?qs=faec39546e4ed13276342f22b8f0316b2c4d4e7141c33db74bbf6b9b584a906ba1c8f68e32a5d23f https://click.response.cnbc.com/?qs=faec39546e4ed13229dcaa73b0c1e2276746de5f11a927bfea5f1310909442eeb495076b4212fb66 https://click.response.cnbc.com/?qs=faec39546e4ed132812a613490651aee6fffb7290a96d5724053c3bdaff78f7c47e9908b00d2a298 Ahead of tomorrow's key primaries in Florida and Ohio, Mitt Romney, the 2012 Republican presidential nominee, https://click.response.cnbc.com/?qs=faec39546e4ed1320239748166578e97045ce60c39db23f704572f52d3d5af97ffd2948c077ae467 will be campaigning with GOP candidate and Ohio Gov. John Kasich who's locked in a dead-heat with front-runner Donald Trump. (NBC News) Texas Sen. Ted Cruz won the most delegates awarded in the Wyoming Republican conventions Saturday, while Florida Sen. Marco Rubio narrowly beat Kasich in Washington, D.C. Tomorrow's Florida primary is seen as make-or-break for Rubio who trails Trump. (NY Times) Donald Trump did not take responsibility for the https://click.response.cnbc.com/?qs=faec39546e4ed132148a379ef82db9f724ca9e4ed5014ba8a43b43364e006c216349b2a8ffd304e9 violent encounters at his campaign events . Instead, the billionaire businessman criticized the protesters who forced him to cancel an event in Chicago on Friday. (Reuters) The thunderstorms that killed six people and flooded thousands more out of their homes in the South https://click.response.cnbc.com/?qs=faec39546e4ed1329919fbf232d4d8a2e847dff0f21c3072db378d12cc0a032ad46ea9527422ef7c were clearing out overnight , but major river flooding is expected to continue for many days. (NBC News) An Amtrak train traveling from Los Angeles to Chicago https://click.response.cnbc.com/?qs=faec39546e4ed132188ea75bac4dc9c5b4c7391a69e1c9cfa4d504dd96d33b3a22a459b54db364e0 derailed in Kansas today . Amtrak also said initial reports indicated there were no life-threatening injuries to the 128 passengers and 14 crew members on board. (Reuters) Turkey's air force https://click.response.cnbc.com/?qs=faec39546e4ed13298aa8b72055ab265eeccbc61e734fe800e288c757280a197fd76a5225e349ce0 hit Kurdish rebel targets in northern Iraq Monday, just hours after a suicide car-bombing in the capital of Ankara killed 37 people. It was the second deadly attack blamed on Kurdish militants in the capital in the past month. (AP) Former Sequoia Capital partner Michael Goguen, fired after a sexual abuse lawsuit was brought against him, https://click.response.cnbc.com/?qs=faec39546e4ed132a28660e120f19bff6ab2584374de00da6d7499056a1f7469a9162f2059c522cd plans to https://click.response.cnbc.com/?qs=faec39546e4ed1329885c1ddc5ac6d5c63ab58a1d6f0bfb204d5447226afa0131f92d7e92b739001 file a cross complaint today, calling the suit "alleging extortion." (CNBC) https://click.response.cnbc.com/?qs=faec39546e4ed13231e7d09202beb7b5af4b7ced80f0648f8414ebbd634d37671a330cde8a898442 Starwood (HOT) received an unsolicited takeover proposal from a consortium of companies, led by China's Anbang Insurance Group, worth $76 per share. But Starwood still supports its previous deal to be bought by https://click.response.cnbc.com/?qs=faec39546e4ed1326425c705f1f662c4a671caeab6d8f8e338a3a90d4b4d4fc4f42639ac099e87d3 Marriott (MAR). (Reuters) https://click.response.cnbc.com/?qs=faec39546e4ed13276011e225d727289084545f524b2ca276d221f722b658e0eb7c838d88935c9c7 Blackstone Group (BX) has agreed to sell https://click.response.cnbc.com/?qs=faec39546e4ed132d5bdefe23abb31d0742c32bae203981f7d9144df21d5cb4dd7d7631783993d5d Strategic Hotels & Resorts for $6.5 billion , also to Anbang Insurance, which bought the Waldorf Astoria in New York last year for $1.95 billion. (AP) https://click.response.cnbc.com/?qs=faec39546e4ed132ceb041d3c9cd769191588cb5b1869ffcfc8bbf20dd023eed46d75bc28937cb1f Fresh Market (TFM) has agreed to be acquired by private equity firm https://click.response.cnbc.com/?qs=faec39546e4ed132bf5ba99cce06316b85966e43ef9a071d345f85125d58eb090622657c6aaaf053 Apollo Global Management (APO) for about $1.36 billion. (CNBC) In an effort to simplify its business, https://click.response.cnbc.com/?qs=d774cd19500e6dc3921c29bb684cb5d9a2463f82494ef209127d49d7eaa41b1e17c28337cf3ba2f2 Yahoo (YHOO) plans to https://click.response.cnbc.com/?qs=d774cd19500e6dc37da5f6b292f0b2ce45ccb502921248a23a6c8f187f0605d3c16fa131da28ca3e shut down a number of projects , including Yahoo Games, LiveText, Yahoo Astrology, and several parts of its Yahoo BOSS web search platform. (Recode) BY THE NUMBERS There were no government economic reports due out today, but Wall Street get a flood of key inflation numbers tomorrow and Wednesday ahead of the Fed's interest rate decision. The producer price index is out tomorrow and the consumer price index is out Wednesday. STOCKS TO WATCH An SEC filing revealed that part of executive compensation at https://click.response.cnbc.com/?qs=d774cd19500e6dc333b84ac0e4f06a251f0ba8d6280f86b95f938e9a51865bcf873afeed934c7c7d Chipotle Mexican Grill (CMG) will now be tied to the stock's performance. Chipotle has seen sales suffer after illness outbreaks at some restaurants late last year. https://click.response.cnbc.com/?qs=d774cd19500e6dc353a6977b476731a33e6c29bc034ea5d854bba4073b20afc8a52cf69a62569b1b United Continental (UAL) Chief Executive Officer Oscar Munoz returns from medical leave today. Two hedge funds that launched a battle for boardroom control last week are now expressing concerns about his compensation, according to Reuters. https://click.response.cnbc.com/?qs=d774cd19500e6dc34d2d6c7b23f147e1a09ee50844a2fa872e3aa2ffcc36b84f2b5ff520acbc9095 General Motors (GM) will be the focus of a second trial involving its faulty ignition switches, with jury selection beginning in a New York courtroom today. https://click.response.cnbc.com/?qs=d774cd19500e6dc3b3fa5d2da2284ba41bc7513979308d48fc9231389bf3f5ca6c895f16cadc4e49 Pfizer (PFE) stopped selling its popular Corex cough syrup in India, after it appeared on a list of 344 drug combinations that regulators banned in that country over the weekend. https://click.response.cnbc.com/?qs=d774cd19500e6dc34740c69260011f7d54f49a532c0b9ffc6ee5230c3f3769d20b6c7b64914fd787 Walt Disney 's (DIS) "Zootopia" topped the weekend box office for a second straight weekend, racking up $50 million in North American ticket sales. WATERCOOLER https://click.response.cnbc.com/?qs=d774cd19500e6dc347d69d93e6ff73f618f9d3a2d2257b7acf8b971b8672de6e4bbba3df115e1bfb The NCAA is looking into how the men's March Madness tournament bracket leaked on the Internet before the official unveiling during the Selection Sunday show on CBS. (USA Today) Millions of people worldwide today are celebrating both a https://click.response.cnbc.com/?qs=d774cd19500e6dc37df214c87e6366a39f0d6e993394ff004ed2e350ef4af1fdbe78b5a2ceeb5cc8 mathematical constant and a sweet filling in a pie crust — in other words, Pi Day, March 14 or 3.14. (USA Today) CONTRIBUTORS https://click.response.cnbc.com/?qs=d774cd19500e6dc375289f630a82f9739644c104343e37cda768bded009592c251ee994d32296025 https://click.response.cnbc.com/?qs=d774cd19500e6dc375289f630a82f9739644c104343e37cda768bded009592c251ee994d32296025 Matthew J. 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