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=594a69d8d152e0de317230c8f5dea5a4bbd7161d302593f71b91684fa94c06e80e35e8dae1d935dbCNBC | Morning Squawk To view this email as a web page, click https://click.response.cnbc.com/?qs=594a69d8d152e0de317230c8f5dea5a4bbd7161d302593f71b91684fa94c06e80e35e8dae1d935db here. https://click.response.cnbc.com/?qs=594a69d8d152e0de2620472c0d04b2012a8c265a13e241562f3300aaf0c1a1f269dce5b662a34078 https://click.response.cnbc.com/?qs=594a69d8d152e0deda19bb2e54b96b39872b677ef76d2ec5f229ed5e9b47f6a691edcca2fad9b626 IN THE NEWS TODAY After gains for U.S. stocks in three of the past four weeks, futures https://click.response.cnbc.com/?qs=594a69d8d152e0decf903cb135173af39bf580a20b7a4682ab427076cca298a974b777c5b0088d84 were lower this morning. This week features the busiest week of the first-quarter earnings season and a two-day Fed meeting that concludes on Wednesday afternoon. (CNBC)U.S. oil prices https://click.response.cnbc.com/?qs=594a69d8d152e0de696d20dad41609d5f5348a390a8faa46259e9d51ae5b907fe48f11dec268e34e were sharply lower this morning, after advancing more than 8 percent last week, the third straight week of gains. Traders look ahead to Saudi Arabia's planned unveiling today of a plan to diversify its economy away from oil production. (Reuters)Following the recent bounce in depressed oil, U.S. gasoline prices https://click.response.cnbc.com/?qs=594a69d8d152e0de8dd4f0d785b81e24a10c39e37858b212b0317ca96e99abeca53f7a513d2c8ced rose by 8 cents over the past three weeks to $2.18 per gallon, according to the latest Lundberg survey. Analysts said the trend would likely continue as refiners make a higher-cost summer blend. (Reuters) https://click.response.cnbc.com/?qs=594a69d8d152e0de0c33f7da5f67e264db34878ed76c62f29884b61f4bbb0cd395da5283a13808c6 https://click.response.cnbc.com/?qs=594a69d8d152e0de0536c441bcadd1a4ddbcc3b0c3c570a7dcd5e2b1835201a31be4b39904949768 https://click.response.cnbc.com/?qs=594a69d8d152e0def6da1a659fb19f2d7fd2afa0d5c0513c9a5506dead450831ece1cda56fc84432 President Barack Obama https://click.response.cnbc.com/?qs=594a69d8d152e0dee8141688f8f233be0c2f7d0bf072a0bb3f254a367833585179587cf972e56d78 announced today the deployment to Syria of an additional 250 U.S. special operations forces. During a speech in Germany, he also made his case against a Brexit, calling for a united Europe while arguing for free trade. (AP) Republican presidential rivals Ted Cruz and John Kasich https://click.response.cnbc.com/?qs=594a69d8d152e0dee8042040c4db1dcf0f098a8e7bac4b8f62a7335982e6d3c14f5fa521e020e454 announced a deal to stay out of each other's way in some upcoming state primaries in hopes of blocking front-runner Donald Trump from winning the GOP nomination. (Reuters) Trump and Democratic front-runner Hillary Clinton https://click.response.cnbc.com/?qs=594a69d8d152e0de0ae9d21bc34d6eca2a510422f4e70035abd1810b2fb19a9531628a3a8ea9dcbf each hold wide leads in tomorrow's Pennsylvania and Maryland primaries, the two biggest delegate hauls in a total of five states holding contests. (RealClear Politics)Conservative billionaire Charles Koch, who along with his brother David are GOP super-donors, https://click.response.cnbc.com/?qs=594a69d8d152e0de0862bcfb8d5dd55f85af6154f3b3ac646644d96a1b5d94e9884986348216f003 told ABC Democrat Hillary Clinton could possibly be preferable to a Republican for president under certain circumstances. https://click.response.cnbc.com/?qs=594a69d8d152e0de409a8b1b5a64170406e2753220ec6db846db5495c0453ab9e5d737f23ecdc649 China's total debt rose to a record 237 percent of GDP in the first quarter, far above its emerging-market counterparts, raising the risk of a financial crisis or a prolonged slowdown in growth, economists warn. (FT) Apple (AAPL) is "outdated" and losing momentum in China, billionaire entrepreneur https://click.response.cnbc.com/?qs=594a69d8d152e0de974b04efe3e835e2137c5598f5e590a416bfdd05eb988ef4e6bafcc1684b6c6e Jia Yueting told CNBC in his first international TV interview. Jia is chairman of the conglomerate behind the so-called "Netflix of China." The Apple Watch, largely perceived as a dud, celebrated its first anniversary Sunday. But analysts estimate https://click.response.cnbc.com/?qs=594a69d8d152e0de6ed2d7292056f7c0780c02fc515aee7c5a625ddac96a69ee841a366f1f25ae07 twice as many smartwatches were sold during that time when compared to what the iPhone did in its debut year. Apple reports earnings tomorrow. (WSJ) Ford Motor (F) https://click.response.cnbc.com/?qs=594a69d8d152e0de6b985d17d27d0292c8ea7d5ef1b5fdc07bc40e1af6b5657b7a9ebb8e3c0ae0fd is not interested in a merger with Fiat Chrysler (FCAU), according to CEO Mark Fields, despite comments by his counterpart at Fiat Chrysler, Sergio Marchionne, that Ford could be a potential merger candidate. (Reuters) Fiat Chrysler https://click.response.cnbc.com/?qs=594a69d8d152e0dea309e735d102ae10c5c03f4cfbb1e160b116a640e6a60ff2491a6d2040a75949 is recalling 1.1 million vehicles worldwide, including certain Dodge Chargers, Chrysler 300s, and Jeep Grand Cherokees. The potential problem is the vehicles may roll away after drivers exit. (CNBC) Dangerous storms packing large hail and potential tornadoes https://click.response.cnbc.com/?qs=594a69d8d152e0def6d90abbe31d4199d8035f30a90d8c9deef850c2c00cf3c343d259531e846720 were bearing down on large swaths of the nation, with forecasters warning of a bumpy week ahead. (NBC News) BY THE NUMBERS There's just one economic report on today's calendar: the government'snew home sales at 10 a.m. ET.Forecasts call for a 1.6 percent rise to an annual rate of 520,000 units in March, following a 2 percent increase in February.More than 170 S&P 500 companies release quarterly results this week, but the bulk of that happens tomorrow. This morning's relatively light earnings calendar includes Xerox (XRX) this morning, with Express Scripts (ESRX) and the Container Store (TCS) this afternoon.Halliburton (HAL) had originally been scheduled to release quarterly results this morning but has delayed its release until next month as the oilfield services giant works on clearing regulatory hurdles for its planned merger with rival Baker Hughes (BHI). STOCKS TO WATCH Canadian Pacific (CP) saw Bill Ackman's Pershing Square sell 4.1 million shares in the railroad operator, cutting the firm's stake to 6.4 percent.United Continental (UAL) CEO Oscar Munoz purchased nearly 20,000 shares of the airline's stock for about $1 million, according to an SEC filing.Toyota (TM) will sell plug-in hybrid cars in China starting in 2018, according to its head of China operations.Ball Corp (BLL) and planned merger partner Rexam agreed to sell assets worth $3.4 billion to Luxembourg-based Ardagh Group. The two beverage can makers are selling assets to allay antitrust concerns over their planned deal.Novartis (NVS) is seeking to sell its stake in rival Swiss drugmaker Roche and has hired banks to facilitate that process, according to newspaper reports. The Novartis stake in Roche is currently worth about $13.8 billion.Credit Suisse (CS) shareholders should reject proposed pay packages for the bank's management and board members, according to proxy advisory service Glass Lewis.Sprint's (S) former CEO William Esrey and another former executive have sued the U.S. government, accusing it of concealing its investigation into Ernst & Young's sale of tax shelters to those executives. WATERCOOLER Walt Disney's (DIS) "The Jungle Book" topped the box office for the https://click.response.cnbc.com/?qs=594a69d8d152e0de4e0ace1f582aec6203d4994a93d15243927b709e024d2f4f477ebaff7948091e second straight weekend , taking in $60.8 million in North American ticket sales. The PG-rated movie made $96 million internationally. (Variety)Music superstar Prince is proving to be just as big a chart-topper in death as he was in life, with his albums swamping the https://click.response.cnbc.com/?qs=594a69d8d152e0de00b88e8fa71b8246939c6ff1403c8aea95866d21bfa9b279e1261f9f976eef04 top slots on download charts at both Amazon.com and Apple's iTunes. (CNBC) CONTRIBUTORS https://click.response.cnbc.com/?qs=594a69d8d152e0debcb90ef79a502e8b6c1f98dd24215656587f801b27d76f69210550d0417f1a5c https://click.response.cnbc.com/?qs=594a69d8d152e0debcb90ef79a502e8b6c1f98dd24215656587f801b27d76f69210550d0417f1a5c Matthew J. 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