The zionist union. The price of west texas intermediate down 12 . I think were going to see equilibrium this summer. That does not mean we will see we will not see a dem, but it will be a temporary dip if we do. We are running out of storage in the u. S. Japans central bank not planning to extend its stimulus plan. Inflation will pick up even if Cheaper Energy costs consumers lower prices. There might be another Interest Rate cut this year. In a few hours, House Republicans will unveil budget ideas. It would partly privatize medicare, turn medicaid into state grants and oh and appeal obamacare. Apple finetuning its television plans. Their Online Television service will debut this fall. It would offer about two dozen major channels on apple devices but not on the list is nbc because of the fallout between apple and nbcs owner. Apple would soon except blackberries and android phones from people who want to buy iphones. Those are your top headlines. The other news to watch is the fed or watching the meaning of the fed. They start as the federal open Market Committee begins there today meeting today. Officials will drop the patient pledge from their stamen and some 45 saw this as a step towards a june increase in Interest Rates. Josh, 90 b drop patient. Is that a good sign . Josh janet yellen had a rosy outlook. Betty she did have a rosy outlook. Does this put yellen in a bad position . What if she does not drop the patient language . Joshsjosh you are more likely to have a market reaction. A lot of times, the fed has followed through. They tend to follow through if they have already started a program. It does suggest some risk for this meeting. Betty someone says they should have raised rates long ago. David was adamant the fed has done nothing for the economy. We have to get off the monetary would and bat the monetary heroin. We cannot have bubbles inflating and crashing. Betty he called it monetary heroin. How do you respond . Josh they have been trying to provide anesthetic. The reality is we have had a weak recovery. The fed has seen it as being necessary. The fact we have not seen inflation take off and we have had years of people warning, saying to provide all stimulus we will lose control of prices in the u. S. , that has not happened. We seem to be getting a free ride so far. The question is whether we can continue to do that. Now we do see a Strong Enough domestic momentum that we need to start looking forward a little bit more. Betty are you surprised about the rate increase in june . Josh Oil Prices Drop again it is possible because the fed has seen has said they want to see prices stabilize. Betty thank you. Josh wright. The chairman of the house and Senate Budget committee will unveil their spending blueprints this week. We are expecting details later this morning. Peter cook has more on the proposals and why they matter. Republicans are they on the same page or is there a war going on . Peter the early indications are not good. There is clearly a division. It gives republicans a chance to highlight spending priorities, point out differences in the plans and we are seeing some splits within the republican ranks before the plans go public. Tom price replaced paul ryan this year. Some key components of the price plan borrow from paul ryans past proposals. He will need to find 5. 5 trillion in savings. He anticipates a repeal of obamacare. There are some 70 republicans in the house who have signed a letter saying they cannot back a budget resolution that maintains the current defense sequester cap. There are several who want to see the cap stay in place. Betty defense spending is one area to watch. One big area of contention. What else . Peter you will look for price to offer more defense dollars but outside the days budget. Some are going to call that a gimmick. Democrats looking for the domestic and Entitlement Program cuts that they are saying go too far. Look for them to highlight medicare and medicaid changes. How will republicans use reconciliation . That would allow them to pass certain things with only 51 votes in the senate. They can do that to make it easier to pass tax reform. President obama still has his veto pen so he has ultimate leverage here. Were going to get a senate plan that could come as soon as tomorrow. A senators plan will differ from tom prices. They will have to reconcile their own differences if they will have a budget in place this year. Betty thank you. Peter cook, our chief washington correspondent. We will be talking with chris on the budget. Israelis have begun voting in the race for Prime Minister. The election is too close to call. Benjamin netanyahu was among the first to vote and if he wins will be the longestserving leader. Elliott got kkine, what do the polls show you . Betty you are not allowed to have exit polls until the polls close. That will be in about eight hours time, when the voting ends and we get the first exit polls. They have been voting since 7 00 this morning israeli time. It is a long voting day. The final opinion polls were allowed to be published last friday and they did indicate that the Opposition Zionist Union was set to become the Biggest Party in parliament with about a four seat advantage over netanyahu. A coalition is a definite. We do not know who will be the Biggest Party. If netanyahu wins, it could be the longestserving leader. Only if he last the full fouryear term. Betty what about the comments saying there is no palestinian state while he is Prime Minister. How is that being received . Elliott he is trying to shore up his right wing base to ensure the votes are going to other rightwing parties, led by the Party Minister giving him a chance to form the party. They are not going to go down well with the white house. He was saying, do not forget we are in an election. It does not necessarily translate into policy. Betty thank you for joining us. Elliott gotkine and the middle east editor in chief. He will be monitoring the grounds all day today. He will be here to break down the results for us as they come across. Much more ahead. A morning of ceos for you. We will be talking to patrick doyle, how they plan to cash in on march madness. Also, American Airlines ceo doug parker, on his Company Joining the s p. You do not want to miss it. Stay in the loop. Betty one m a not likely to happen. Scarlet fu has more. Scarlet rejecting and saluted bid from simon. They turned down the 91 share. They say it undervalues the company. Part of its defense it is making a couple of government changes, including the Dividend Distribution of. It has to do with preferred shares and a limited duration rights plan. The takeaway is they are saying no to simon properties. This is being discussed. We will see what Simon Property groups response. Betty here is a look at our top stories. One Goldman Sachs division predicting annual growth above 10 . They saw an 11 revenue jumped last year. That is the most since the financial crisis. It includes 111 billion in new assets. Chinese investors are betting monetary stimulus will revive an economy the set by four years of slowing growth. Chinas benchmark measure extended and will revise growth. s 1. 6 percent overnight. Those are your top stories. American airlines is joining the s p 500. They will be added after the close of trading on friday. Matt miller is in washington. Matt . Matt the s p 500 a bonus. The reason we are gathered with is because you have formed a coalition to compete with airlines that you say get unfair subsidies. We are working together to ask our government to investigate, to have consultations with the governments of the uae about what we presented them, over 40 billion in subsidies that make the plane that make this Playing Field more level. It is not good for the United States, it is not good for u. S. Jobs, something we think we should have consultations about. Matt every roundtrip route that American Airlines lose to these Gulf Airlines loses america about 800 jobs. How would you turn that around . Doug American Airlines would like to fly to india, but given how low the fares are because of the subsidized flights that fly over the middle east into india, we cannot do that. They are flying at fares we cannot beat profitable that cannot be profitable. A lot of airplanes coming into these carriers. They will need to fly them somewhere. This will get worse, not better. We would love to compete with them on a level Playing Field. Matt what does victory look like for you . How do you turn this around . Doug we have asked for the United States to have consultations and while those talks are going on, ask that no additional flying be added to the United States from those carriers as we investigate this. We find there is nothing amiss here everything would be back to where it is now. We have some compelling evidence that there are in norman us subsidies here. Matt i am sure consumers feel like they benefit from this. In the long term, you do not think it is good. Doug it is not good. Dumping steel in the United States free trade is at the Playing Field as well. In this case, if we do not level the Playing Field, jobs will flow from the United States to the gulf and that is not in the interest of consumers of the United States and indeed, in the longterm, we are flying lesson those carriers are flying more and you will see fares go up over time. Matt your stock has doubled over the past year. You are getting 2 billion back to shareholders. You just got into the s p 500. Doug we should be in the s p 500. Those are metrics that get us into the s p 500 but this is an airline in bankruptcy 15 months ago bit 15 months ago before the merger. I think it shows the strength of the merger. Producing real profits and customer value. We are happy about it. Matt labor is a huge cost for you. The other big cost is oil, which is going well. You do not hedge. Would you think about starting to hedge . Doug we have done really well by not hedging. That has served us well. We continue to look at it. In general, the cost of hedging far outweighs the benefits. We will continue to look at it, but we are happy where we are today. Matt thank you. Doug parker, the ceo of American Airlines. I will be hanging out, covering the event for you all day. Betty thank you. Matt miller in washington for us. We will have more, including another ceo dominoes. Betty you are watching in the loop p code good morning. Let the madness begin. Have you fill your bracket out . Companies like dom and is Companies Like dominoes sold more than 1. 7 million highs during last years game. Enough to get 25 feet 25 pizzas to each person walking to the final game in indianapolis. Patrick doyle joins us now. It is great to have you back on the program. What are you going to do different . Patrick we have a 50 off deal. Customers order online and they get a terrific deal. The important thing is that we handle it. It is busy the next three weeks. We are hiring people, staffing up our stores, training folks to give our customers a great experience. It is getting going now. We would like to grow over last year. Betty i asked you this last year, how does this compare to the other big sporting event where you also eat a lot of pizza, like the uber ball . Like the super bowl . Patrick the thing about march madness, a goes on for three weeks. It is consistent over time. Overall, we love it. It is a great period of time for pizza sales. Betty did online ordering it is day half of the order comes on line. Earlier this month, you started taking orders on pebble watches android style watches, what about the apple watch . Patrick we are looking at it. We want to be everywhere our customers are in make it as easy for them to order as possible. When we put ourselves on to a new platform, we give customers the ability to get to us more easily and we sell more pizza. Betty what is stopping you from doing it now . Patrick prioritization. There are a lot of places we can be and we are going to take a good look at it. Betty i talked about it this morning with some of my other colleagues. We call it that pete the lobby we call it the pizza lobby. They are fighting this menu labeling, grouping pizza along with other fast food. The pizza lobby, including your company, you, yourself, have been unhappy with labeling pizza as fast food. Pizza can be bad for you if you eat too much of it, but what makes it different than other the what makes it different than the other fast foods . Patrick we have a great common sense solution for it. Our customers come to us digitally. If we give them information, we want to do it where they are have a calculate the calories for them they are coming out with a regulation right now on telex machines, saying you have to do it on menu boards and on the stores and in the stores. That is not how we do business. It does not make any sense. Our small franchisees will have to spend money on something no one ever sees. If we have to show this to customers, lets show them where they are ordering today as opposed to regulating something that customers do not use. Betty has mcdonalds ever complained that putting the calorie counts cost that much . Patrick that is their business model. People come to their stores. That is not our business model. People get it delivered or order before they come to our store. If you are going to do it, do it where it has an effect on the people that will look for it. The great solution is logical thats what we are in d. C. Talking about. I am confident that common sense wins out at the end of the day. Betty the stronger dollar, i know about 36 of your operating income comes from overseas. How does it impact your business . Patrick in the shortterm, and negatively impacts it, but we deal with it. You will go through these cycles and right now the dollar is very strong. At some point, that will come back the other way. It will be great when it does, but we are dealing with it just fine. Betty thank you so much patrick doyle. Dominos ceo. We are getting breaking news on the housing market. They are down 17 . Equity futures took a little bit of a turn for the lower. I want to get to scarlet fu. Scarlet down 17 for the month versus january when people were looking for a drop of 2. 4 . This is a weatherdriven decline here. Having served a hundred 97,000 overall, that is an annualized rate. That is a decline from the prior month figure of one point eight million. Perhaps this indicates the drop we saw in february was temporary. It does give us this tone of Economic Data misses. Betty as you said, it is very likely weatherrelated. Thank you. Heres a look at our other top stories. People overseas are heading to the polls in israel to vote in a very tight race for Prime Minister. Turnout is higher than it has been in nearly two decades. Benjamin netanyahu is trailing isaac herzog. Netanyahu made an appeal to israel conservatives. I think anyone who moves to establish a palestinian state is giving territory away to radical islamic attacks against israel. That is the reality that has come about in recent years. Whoever doesnt understand that is burying his head in sand. The left is doing that. It has buried its head in sand time and time again. Betty the Prime Minister will probably not get a majority meaning the winner will have to form a coalition government. A deal in the Iran Nuclear Talks could make a huge impact in the global oil market. The oil minister of the country says what would happen if sections would be lifted. Oil could rise by one Million Barrels a day in months. That would double its current shipments. Sanctions could continue if iran does not agree. After reversing one of his debts , a little bit of revenge here. Pimcos total return fund is now less exposed it is the worlds biggest bond fund. He departed suddenly as we all have known and heard in late september. Apple finetuning its television plans. The wall street journal says the companys Online Tv Service will start this fall and offer two dozen major channels on apple devices. Nbc is not on the list because of the fall out between apple and nbcs owner comcast. Apple loosening its trade in policy. It will accept the blackberries and android phones from people who want to buy iphones. Iphones are outselling Android Devices in the u. S. A change at the top for uber. They are looking for a new chief financial officer. The current one is leaving but says he will stay on as an advisor until a successor is found. Uber expanded to more than 53 countries during his tenure. Baseballs prodigal son is asking for reinstatement. He was banned at 16 years ago for betting on games. That makes him an eligible for baseballs hall of fame. The commissioner says he will think it over. Still to come, the annual budget circus returns to capitol hill. Congressman Chris Van Hollen joins me. He is next. Betty i want to return to politics and the annual wrangling over the budget on capitol hill. In about two hours from now, we heard there is a fight brewing within the gop over defense spending. That might create an opportunity for democrats to negotiate for their priorities. What exactly are those . Chris van hollen was a Ranking Member of the house Budget Committee. He tweeted out yesterday. He said it is time for better and for suc