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=10df9d90e3188eaf691005acc95ae20760afba0df372faf4efa8791c0f6cc3a6765c60565fb57113CNBC | Morning Squawk To view this email as a web page, click https://click.response.cnbc.com/?qs=10df9d90e3188eaf691005acc95ae20760afba0df372faf4efa8791c0f6cc3a6765c60565fb57113 here. https://click.response.cnbc.com/?qs=10df9d90e3188eaf08ef9cf59654067972392924ff72b1b8f39d4e5914cfffd044a2b0fc62b01b85 https://click.response.cnbc.com/?qs=10df9d90e3188eaf715155aef3ab8bff33af957e4289b3b76e8e5b8eb9b71754962a95d67083fe75 IN THE NEWS TODAY https://click.response.cnbc.com/?qs=10df9d90e3188eafc3ac57dd6fe40f64fc277ecc7867b605f1e98abec86c23aa73d53e7721e0e6c3 Global investors focus this morning on the European Central Bank, which was https://click.response.cnbc.com/?qs=10df9d90e3188eafb00fd7d767ff9a78f8a1fa1614a8e587503225b9fef217e5b6260a996d1f0530 widely expected to unveil more stimulus measures. The decision on interest rates comes at 7:45 a.m. ET, with a news conference from ECB President Mario Draghi at 8:30 a.m. ET. (CNBC)Ahead of the likely ECB moves, U.S. stock futures https://click.response.cnbc.com/?qs=10df9d90e3188eaf70fed32593031a1a48d3e4af9b97e01f5c50ec4e046d7dcd2725aa6fe6761b16 were higher this morning. The https://click.response.cnbc.com/?qs=10df9d90e3188eafaa02e6efa72f2a0bc0f5d2343d1ec54d0b5c77e6883e0f54e53e78b47d6ebc0b Dow on Wednesday closed slightly higher and above the 17,000 level. The Dow and https://click.response.cnbc.com/?qs=10df9d90e3188eaf0bcc70b76ce57fc210640168041fac543e59bfded74975f5f5f8fe8d80e8c208 S&P 500 were both up for the sixth session in the past seven. (CNBC)Oil prices https://click.response.cnbc.com/?qs=10df9d90e3188eaf5271853d54f4f1ecc39d9443e54b076269d7741d535f310341e2e68886a809e0 were lower this morning after U.S. crude surged nearly 5 percent Wednesday to its higher level since December 2015. But analysts warned that larger gains would be unwarranted, with the global glut continuing to outweigh demand. (Reuters) https://click.response.cnbc.com/?qs=10df9d90e3188eaf3aa70c782a05c52876c1e12c49946ef56c44d2790430b10cdd28222e2bbb1cc3 Chinese stocks lost 2 percent overnight, as traders digested another round of Chinese data, as well as interest rate decisions from central banks in New Zealand and South Korea. New Zealand announced a surprise cut while South Korea held rates steady. (CNBC) https://click.response.cnbc.com/?qs=10df9d90e3188eafb99aab31f909701d8d095971d004b42371641699eb41d918b6d03e61e381759b https://click.response.cnbc.com/?qs=10df9d90e3188eaf406f370162650a1dbae0f4d943c7c7492b2ca874518ff6853ccecc3e4aa3e33e https://click.response.cnbc.com/?qs=10df9d90e3188eaf4e86b85368fdf873501ea31b3f384e55ab2d6292d5646700007c1502f408af4a Florida Sen. Marco https://click.response.cnbc.com/?qs=10df9d90e3188eaf867d9a78f6f253126bb0d7bcaa09cb90a6ef2fe7c0adee203c2e13b0ba14430f Rubio trails Donald Trump in the polls ahead of tonight's debate in Miami and next week's winner-take-all Florida primary next week. The fading Rubio was third in the delegate count, behind Trump and Texas Sen. Ted Cruz. (USA Today)Across a wide range of industries, CFOs have conceded Trump will be the Republican candidate for president. That's according to the latest https://click.response.cnbc.com/?qs=10df9d90e3188eafeeb6e976968790f052db111be7d8a11555b977451c8eb33ef7e889941023a280 CNBC Global CFO Council survey , conducted between Feb. 25 and March 8. The CFOs see Hillary Clinton as the Democratic nominee. GOP presidential front-runner Donald Trump joins CNBC's " https://click.response.cnbc.com/?qs=10df9d90e3188eaf745ffed1f4619e29b5e1df029f5624d4d858157c0b8521d9f751710a55c240b9 Squawk Box " at 8 a.m. ET this morning. And then at 8:40 a.m. ET, we talk to former Republican candidate Carly Fiorina, who just endorsed Cruz.Following his upset victory in Michigan, Sen. Bernie https://click.response.cnbc.com/?qs=10df9d90e3188eaf6626744fe884dcf1fa89e96cde132b5aae0de3edd8294d16ac5697a04fc1d78b Sanders clashed with Hillary Clinton on immigration during last night's Miami debate. Univision host Jorge Ramos https://click.response.cnbc.com/?qs=10df9d90e3188eaf3b762a601e4dfcf2f5ece2424c39009dc8e3bc2ecba8443bcb7bcc5ffdf6dc3f pressed Clinton on whether she'd drop out of the race if the private email investigation were to result in her indictment. Meanwhile, one of the biggest topics on Twitter from the debate was whether Sanders was https://click.response.cnbc.com/?qs=10df9d90e3188eafeb6165692756acba1a96e7b5b1e2fdb9fd723cb5b0d25790e38db972ab93397a wearing a brown suit . (NBC News & NY Times & USA Today) https://click.response.cnbc.com/?qs=10df9d90e3188eafc5178f77c52f3159eb5e8ef3c8815d8d7dafc9bd0c58499f1d3f403f9032f8ce Square (SQ) reported a wider-than-expected loss in its first quarter as a publicly traded company. But revenue at the mobile payments firm was https://click.response.cnbc.com/?qs=10df9d90e3188eafaeb6808e82dedba021624e4d3393c073e37f82357ad0ba7cf588e7391870dfd4 well above estimates . Square co-founder and CEO Jack Dorsey told CNBC: "We need to constantly show we're focused on the right things."Dorsey is also co-founder and CEO of https://click.response.cnbc.com/?qs=10df9d90e3188eaf1071a3fcd590d0577254239dbbee2019b2f7d52d84b7a7115ab3c6d2d83a8ff3 Twitter (TWTR), which is https://click.response.cnbc.com/?qs=10df9d90e3188eafb8bf7f25b1f0b6e220758a7ea897cb6239844e02dadacb4ae8f7e6f4289b0168 said to be sweetening its employee compensation packages to stem a talent drain, a pressing move that may be followed by other tech companies with sinking stock prices. (WSJ) Twitter co-founder Biz Stone joins CNBC's "Squawk Box" at 8:15 a.m. ET this morning, as the social network seeks to overcome Wall Street concerns. Twitter celebrates its 10th anniversary this month. https://click.response.cnbc.com/?qs=10df9d90e3188eaf1f4d7dcfb7021045f1b339b331a0e19d9fa6abccd36afe413a8b9c6f379ec06e Volkswagen 's (VLKAY) U.S. head, Michael Horn, https://click.response.cnbc.com/?qs=10df9d90e3188eaf2bc9b54a748d466486fa1530b9883cb0a5c7a7cfdc9513961a4ba2159536fe67 is leaving the company six months after the automaker's diesel emissions cheating scandal became public. North American regional chief Hinrich Woebcken replaces Horn on an interim basis. (Reuters) https://click.response.cnbc.com/?qs=10df9d90e3188eaf46c814d7d691f10365dc7dffc9608344db5e74b42046aa0cadb5555b6b158ae1 Honda (HMC) is going https://click.response.cnbc.com/?qs=10df9d90e3188eaf25fb09d8c8e3e38824ef8cccf51a9415f9c7ae5f027ef84fe158f265baff97b6 to compensate U.S. dealers for losses related to vehicles they cannot sell because of the massive recall linked to potentially faulty airbags made by Takata Corporation. The plan, still being finalized, is set to go into effect this month. (Automotive News)John Gutfreund, renowned in the world of finance, https://click.response.cnbc.com/?qs=10df9d90e3188eaff5e116cde29e940276c793c32d5f6b05c873c78dc251fcf2d3e73f405f0f19e7 died Wednesday at age 86 . Gutfreund made his name in the Treasury securities market at Salomon Brothers, making big wagers to grow the firm to a dominant force and eventually taking the company public. (WSJ) BY THE NUMBERS The Labor Department issues its weekly look at initial jobless claims with economists expecting 273,000 new filings for last week, down from 278,000 in the prior period.The Energy Department is out with its Thursday look at natural gas inventories at 10:30 a.m. ET, while the Treasury releases its monthly budget statement for February at 2 p.m. ET. https://click.response.cnbc.com/?qs=10df9d90e3188eaf27ff56f45f4f19335a6e3f08128f8944f56c805822e67f2ca609aa59c1106fe1 American Express (AXP) holds its annual investor day in San Francisco this afternoon, with senior executives planning to discuss business trends, initiatives, and long-term strategies. https://click.response.cnbc.com/?qs=10df9d90e3188eaff2a12269b818f5e9948dba514389cc5be671550d51f08ab1f4ab6bc832eea608 Dollar General (DG), https://click.response.cnbc.com/?qs=10df9d90e3188eaf2609fd48ddb17f9113a96c7ee7865b3881b118bc0c6e110b3019d25ff1273050 Party City (PRTY), and https://click.response.cnbc.com/?qs=10df9d90e3188eaf3b9dc4b21f37b7982a21ef96096655e57e33c5f3754d5585a84db35a1ed062bf Vail Resorts (MTN) lead this morning's earnings reports, while https://click.response.cnbc.com/?qs=10df9d90e3188eaf4cb035be1113ab242d3e5ccc7c8cd324c226f141c38b8e85cbaea65114b223d5 El Pollo Loco (LOCO), https://click.response.cnbc.com/?qs=10df9d90e3188eaf085ea5f6d1608f82e897ac05cb1e635d8c05011296ddd95863f06359bbeff099 Ulta Salon (ULTA), and https://click.response.cnbc.com/?qs=10df9d90e3188eaf915fe3efb760381f0637d137249141777aa0dd7c3e45c454674ae8394e450ec1 Zumiez (ZUMZ) issues their quarterly results after this afternoon's closing bell. https://click.response.cnbc.com/?qs=10df9d90e3188eaffe4b397a7a353e4767fba7909f8de653c5787ceaae79c68265a78ab0d7a1712c Box (BOX), late Wednesday, lost 26 cents per share. That was 3 cents smaller than estimates, with revenue also better-than-expected forecasts. The cloud services company projected 30 percent sales growth for the next 12 months. STOCKS TO WATCH https://click.response.cnbc.com/?qs=10df9d90e3188eaf4b204431b4354f0022021d535556bbf45e88b13ea80c48befbbe3b22cdcd9a8a Valeant Pharmaceuticals (VRX) and R&O Pharmacy have settled all lawsuits between the two, in a deal involving an undisclosed payment to Valeant from R&O.The dispute centered on Valeant's billing procedures with specialty pharmacies. https://click.response.cnbc.com/?qs=10df9d90e3188eafdbd4f688b070e9010a513a71762545aeed0444f98ed02864ed6f0bb3de192bb2 Moody's (MCO) and California public pension system Calpers have reached a $130 million settlement in a case involving allegedly inflated grades by Moody's for residential mortgage deals that later went sour. Standard & Poor's reached a similar settlement with Calpers last year. https://click.response.cnbc.com/?qs=10df9d90e3188eaf1c76264f7d4ab2cd3559e12033e2165345af3213fc7200ebf70dde4850f0fc53 Ambac Financial Group (AMBC) CEO Nader Tavakoli is adding the role of chief executive of the municipal bond insurer's operating company Ambac Assurance. The move comes amid criticism from a major Ambac shareholder of Tavakoli's pay and performance. WATERCOOLER https://click.response.cnbc.com/?qs=10df9d90e3188eaf4fda679e2db2c5ddcdf631a4de0d3ddfe6d0fffed9157207f763722e192a2d6a Chipotle (CMG) https://click.response.cnbc.com/?qs=10df9d90e3188eaf21f494a5af60d9e54343b6d21cd98bde6da8206227d3537c0f8d502c4390d1ca completed the cleanup of a Massachusetts location temporarily shut after several workers became sick with cases of suspected norovirus. The restaurant in Billerica is set to reopen today. (Reuters) https://click.response.cnbc.com/?qs=10df9d90e3188eaf3895ea8fab47859cbe04e4e2b2c5fe2310e1d94f1ceb73ef63c292a30a798318 McDonald's (MCD) suspects customers want yet https://click.response.cnbc.com/?qs=10df9d90e3188eaf3dbe936ebe517eb72086d2a008c1d39a02d11b222534d91539d1324d03786cec more breakfast options in the afternoon. So the fast-food giant is testing an expansion of its limited all-day breakfast menu. (Brand Eating) CONTRIBUTORS https://click.response.cnbc.com/?qs=10df9d90e3188eafa55bc74479a07a4b0fffd6735e091f067484137c5eb34a25f215004920c96f02 https://click.response.cnbc.com/?qs=10df9d90e3188eafa55bc74479a07a4b0fffd6735e091f067484137c5eb34a25f215004920c96f02 Matthew J. BelvedereSenior Producer https://click.response.cnbc.com/?qs=10df9d90e3188eaf3079fe33b937f3cbf39542ac68522e189b55aa83897395970024f5618ddee3fb @Matt_Belvedere https://click.response.cnbc.com/?qs=46123bff23bc9e8959bb3d0688777cfff1c97cd79c7915ab8aa39e204e6389a5c1301c85ea117494 https://click.response.cnbc.com/?qs=46123bff23bc9e8959bb3d0688777cfff1c97cd79c7915ab8aa39e204e6389a5c1301c85ea117494 Peter SchacknowSenior Producer https://click.response.cnbc.com/?qs=46123bff23bc9e890e220fceebd7393fbca9b491e6438cab33daacf1966f615f237549143b3d5672 @peterschack https://click.response.cnbc.com/?qs=46123bff23bc9e893a062c803e7ebcd2f0180b2109c4b0d9107dede9089986feb917ecc54429cf98 https://click.response.cnbc.com/?qs=46123bff23bc9e893a062c803e7ebcd2f0180b2109c4b0d9107dede9089986feb917ecc54429cf98 Tom DiChristopherWeb and TV producer Feedback We value your input—use https://click.response.cnbc.com/?qs=46123bff23bc9e893a1a0273e0bf882c4bae79fddf4f87408ce4a2e338dea91b15146accb4e30e8c our simple form to let us know what you think. 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