Forth. Look at oil, brent down and look at west texas, down. Major historic lows on a 2 slide in oil. Theres the euro dollar trade. The euro and the dollar inching ever closer though the year row is euro rowe is up. Sara iverson is in. Hi sara. Hi. The british, german and french markets all up nicely. Lets bring in bob pisani. Whats up . Normally we have that kneejerk reaction. Thats not happening today. Lets take a look at the s p 500. This is pretty strong rally that weve seen. It helps to have euro weaker euro strongering dollar weaker. This is one of the rare days. Thats helping here in the United States. We take a look at europe though. That kneejerk reaction. Youd think theyd sell off europe. Another high for germany. That didnt really happen. Obviously when you have q. E. Occurring that trumps everything. As for the stocks here in the United States, look at the dow movers slightly the expensive tone. Youve got United Health and stocks leading overall. Still pretty good. Far more advancers than decliners today. I think its very important that weve got to big oil on a day we hit new lows on oil. The Big Oil Stocks have all turned positive. Exxon, chevron, schlumberger and conocophillips. Theyre getting slapped around. Slightly higher rates right now. Buying rates are low, sara. That doesnt seem to be an awful lot of worry going into the bond market. Weve had a few data misses as well. A number of data misses and they may factor that in. Bob pisani thanks very much. Tyler . Sara thanks very much. The oil rally has run out of gas and how. Crude prices now hitting their lowest level since 2009. Quite a reversal. There you see the prices at west texas, thats the one that hit the multiyear low. Bertha coombs on the trading floor. Hi bertha. Its like that scene in life of brian when the undertaker keeps coming by and he keeps saying, no no not yet. When were getting a little relief of the dollar were hitting post financial crisis lows particularly when it comes to wti crude. Part of the worry is perhaps theres something that will come back in the market but really the issue here in the u. S. Is about the oil glut. When you look at where we were back in march of 2009 well wti is down at the same levels. Wti production is way up. We have nearly doubled production. And the most recent numbers go back to december 2014 from eia. Weve nearly doubled since that time. Thats a lot more coming onto the market from the u. S. Thats why wti has not held up as well as brent crude on the international market. Back to you, sayre. Thank you very much. Watching the oil trade. New clues to housing. Diana olick is in washington with the latest read for us. Diana . Well, thats right. Despite the warming weather the march Home Sentiment is not a good one. Sentiment is down two points to 53. 50 is the line between positive and negative. Its better than 46 which is where it was a year ago, but this is the Third Straight falling build of confidence which started at a high of 59 last september. Of the three components current Sales Conditions fell. Sales expectations held steady at 59. So builders can continue to expect good things. Theyre just not seeing them. In this survey builders cited supply chain issues and shortages. I spoke with one mid size builder in maryland this morning and he said its not picked up and he calls himself in the, quote, not excited camp. You would think builders would be so thrilled with so little homes for sale. Demand is not as stromg as it is for those cheaper existing homes. Sara . Thanks very much. It follows on what weve seen diana, in a string of misses. Meanwhile Deutsche Bank is the biggest trader. When they make a call on the maria, certainly wall street listens. Which is why the forecast has it falling all the way down. Certainly its caught everyones attention. Deutsche banks chief currency strategist joins us now. You must have been caught by how fast we have moved lower at this point. I have to say sara, we didnt revise our forecast by too much. We were at 90 cents before. 85 is not the biggest revision weve made. I think well test the old lows. 2 cents or thereabouts. Are you concerned that wall street is catching up with these bearish forecasts . I havent heard anyone say theyre not expecting parody. You try to look at what up the fundamental features are. You still expect the u. S. Rate story to be very persuasive in talking the dollar up and were looking at the rate spread story being up in the next three to five years. You dont think theyre going to be worried about these levels in this short time period . Yeah it will have some impact. Theyll look at the dollar which certainly is retracting from financial conditions. It will look at bond heals and equity market as well. If you take a look at all the factors, there is going to be some slowing coming. Slowing of the economy. Yes. And financial fallings. Yes. It will become a factor. I dont think to a point where shes going to put it in a statement but shell talk about it at the q and a. What does that do . Cool off the dollar rally . I think it cools off the dollar rally. It will probably continue retracing. Many people dont realize this that the euro has been as low as 82 cents in its lifetime back in 2002 after it initially launched. Do you expect well see a retest of the alltime lows . I think so. I think were going to see a pause here. A lot of this has been hedging of foreigners who have held european bonds and equities. I think thats going to slow somewhere around parity and somewhere on the face will be this year. Who is on the losing end of this trade . Who has not been betting . I think some of the real money and of course the Central Banks typically are turning a super tank around. Theyre holding lots of euros as well. Dollar, oil, stocks. Obviously theyre all making big moves right now. Is the currency going remain in the league . Certainly, yes. Weaker dollar is absolutely in the mix but from an equity standpoint i think if the currency could stabilize so it doesnt go day in and day out and week in and week out, i think actually we can see a much more favorable environmental. Obviously european stocks are doing very well. Little bit of a pause and a stronger dollar all the way through the 80s. Alan ruskin thanks for coming in. We go to dominic chu now. Good afternoon, sara. Wall street is getting a pop in the day as app announcement that its going to be joining the nasdaq 100. Its going to join the others as well. Walgreens will be replacing eeeing eqinax. Back over to you. Today, the ceo lays out big plans to pivot the tech company away from the pc and into faster growing area. But will investors buy into it . Plus one redhot brick in the market, up 30 over the past one year. The man behind the countrys economic plan speaks to cnbc about how he plans to keep inflation in check while we listen to ed sheeran and drive 7 growth. Gins] we are one, we are essentially the same regardless of where we come from. Um, there are definitely things that are different about us culturally and Everything Else but at the end of the day we are the same and we really need to start seeing the world as a place that was gifted to us. [thunder and rain] [thunder and rain] [thunder and rain] [ female announcer ] who are we . We are the thinkers. The job jugglers. The up allnighters. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can say, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into Business Owners. And were here to help start yours. Welcome back to power lunch. Instead say lex is choosing to accept a higher takeover bid from val yans. Shares of xilinx is up. Taking private deal with Leonard Green and partners expected to close in the Third Quarter this year. The stock is up more than 60 since last august. As you can see right now its up more than 5 on top of that. Mcdonalds files complaints in 19 cities talking about hazardous working conditions. Theyre the same filers seeking a 15 an hour rage. Salix is one of the best going. It showed lower death and stroke rates. Its already available in europe and edward says says it expects approval. Back to you. Thank you. Were watching microsoft this hour. Theyre looking to move it away from the pc and into the cloud area. Josh lipton with more. Josh, cloud is one thing. Theyve tried mobile before and not terribly successfully to my recollection. You know, tyler, its interesting. He was in atlanta this morning and he demonstrated the range of products and services to help Companies Use their data more effectively, and he know this is a very fast growing area of modern corporate technology. Research from iec says the Big Data Market reached 17 billion in 2014. Its going to surge to 22 by 218. Theyve been reminding Business Owners and investors that theyre making this transition booming to capitalize on it. But some investors dont seem so sure that microsoft is moving fast enough. That stock firmly in the red this year. Its now down nearly 20 from its november high and dramatically underperforming in the s p 500 and the nasdaq. They lowered their expedition tags on microsoft due to the demand. Despite that they said they would be bullish and talking about management showing strong erratic expenses. If it lookeds attractively valued were going to learn more if its payinging off when the company next reports earnings on april 23rd. Sara, back to you. Thanks very much. Josh lipton. Check out ooh major india etf. Up between 5 and 7 this year alone. The real man to watch may be the finance minister and our seema mody had a chance to talk with him. Hey, seema . Hey, sara. If you follow modis moves closely, youll find its his righthand man who is tasked with transforming into the business trustworthy nation that mow mody has been addressed. He discussed whether its too high. Its better than you and me and therefore investors when they assess the steps which have been taken, there are more Realistic Missions of the market. But some investors are concerned indias markets have run up. They say at one point valuation will be a concern especially if they dont show signs of improvement but the bulls continue to show signs of positive. I was told the cost savings associated with Lower Oil Prices has been used to Fund Infrastructure projects. If prices continue to fall that will give the government Additional Capital to allocate toward rye building the country. Just today they got the endorsement from Christina Lagarde that its the bright spot. Thank you very much. Mass protests in the streets against the leader. Michelle cabrera russo. Billions of dollars have gone up in smoke and theyre calling for the itch peachment of the president. Massive, massive scandal. More details on that after the break. Ahhh ahhhhhh. Liberate your spine. Ahhhahhhhhh. Aflac and reach, toes blossoming. Not that great at yoga. Yeah, but when i slipped a disk he paid my claim before i knew it. Ahh so he had your back . Yep. In just one day, we approve and pay. One day pay, only from aflac. [duck snoring] e financial noise financial noise financial noise financial noise these days, the most important person in your business could be a software developer. So, hows the app coming . Weve got to make something great. Hows the app coming . Weve got to do it fast. Lets do this on bluemix. You can build apps with analytics, big data, even ibm watson. That could give us the edge. Lets do this on bluemix. It can provide code for you. We could be first to market. Because being best is priority one. Being first is priority one. Theres a new way to work and its made with ibm. Welcome back to power lunch. Railroad Operator Union pacific the shares are on the rise. Thats after the analysts of a quarry updated the shares from a neutral site evaluation given their underperformance. They did lower their price to 132 a share. It was 134. There you can see other rails in trade today. Back to you. Is there a crack in the brick . Many are calling for her impeachment impeachment. Michelle carusocabrera with more. There was nearly a Million People who tripped through the streets calling for tim peachment of the president. She is facing a wave of discontent over the stalling economy and the massive scandal involving the state controlled company. A draft investigation has led to racketeering and others. To give you a sense of just how much money may have been stolen one third tier when arrested immediately offed to give back 100 million which he had stolen. Its now unclear what the true value of petrobrass values are regardless of what easton theon the books. They could pour billions or face some kind of restructuring as well. Moving on to another Oil Dependent company which is a mess this one in venezuela. Venn someday yas venezuelas parliament. In case of a u. S. Invasion that hes worried about. Addressing his supporters he spoke in english directly to president obama demanding that president obama repeal the executive order when he imposed sanctions on venezuela. Repeal. Obama, repeal. Something tells me that president obama isnt it going to do it that. And hes doing it. He says where are all the guys when the murder is happening. Theyre so lawless in the country at this moment. I have a feeling United States has more important things to worry about than venezuela. Maria, thank you very much. Sara. Gold is rebounding off a near threemonth low. A nice lift from the weaker dollar. Yeah. The dollar pulled back to easing helping to lift metals. Gold could see a bit more of support in the months ahead with good news coming out of india. If you see india lift its tariff on gold, that could lift it there. They also have an industrial component and today it is the best performer and in fact one of the few metals features contracts that for the year is now fractionally positive. Tyler . Thanks a lot, bertha. Lets find out where things stand with Rick Santelli at the cnbc. Hi tyler. Hi rick. You never know what theyre lining up with the end of zero Interest Rate policy. In the old days fed weeks were bullish for stocks and trudgeries. Take a look at interstate ten down 4 basis points. Look at the yeartodate chart. Let that simmer a minute and go to the long maturities the. Well when rates move up its no surprise this one is moving down in price. Why . Theres a mass exodus. Higher rates, no one really wants them except the feds because they need to normalize for the next business cycle. The ideal scenario you want the stock market to be going up because the economy rates are up and theyre in harmony. The other is the last fed chart. When the euro is late and the dollar is down you know what happens. Triple digit ups in the equity mark. Sara back to you. s exactly what were seeing today. Rick santelli the dow up. And oil continuing to be it for the investors. So which stocks and eetfs getting the most . Were going to look at march. Thats coming up up next right here on power lunch. Keep it right here. The eclass has 11 intelligent driverassist systems. It recognizes pedestrians and alerts you. Warns you about incoming crosstraffic. Cameras and radar detect dangers you dont. And it can even stop by itself. So in this crash test, one things missing a crash. The 2015 eclass. See your authorized dealer for exceptional offers through mercedesbenz financial services. Hello, everyone. Im sue herera and here is your cnbc news update for this hour. Jurors in the Boston Marathon bombing trial saw the riddled boat where Dzhokhar Tsarnaev was captured by police. They walked around outside the boat and inside where they could see the bloodstained notes tsarnaev wrote. One blew up when they were tasked with fighting isis militants. General motors has received 4,300 claims for compensation related to its ignition switches. Thats according to Kenneth Feinberg who is overseeing that. They say 102 are eligible for payment so far. A massive help effort on its way to vanuatu. Back to you, sara. Thankings for the update sue. We return to the market. The dows up 180. 1 gain for the s p as well. The nasdaq lagging behind but still up. 85 . Lets get more on the trading action. Bob pisani down on the floor. Bob, what stands out . Whats important is whats going on. Strong euro and weaker dollar. Thats not happened in a long time. Thats not helped only the United States but helping europe. Just off the highs. Look at the s p 500. Essentially we started strong and have stayed strong. Were just at the highs for the day. We saw oil at new lows but i would note thats of course generally good news for refiners. You might be surprised. More surprising is to see some of the big exploration and production names. This was a big surprise today. Eog was positive virtually all days and even the big guys. They have also now moved into positive territory. Thats very encouraging for the overall markets. Not surprising weve got oil bound. Your Airline Stocks are up. That wasnt that surprising here. Youve got jetblue and delta and American Airlines on the upside but the rest of the airports are doing well. Fedex also on the upside. It doesnt help when you have a big story that china has been dumping steel stocks. Its been a horrible year. Thats not a typo. Olympic steel down and also schnitzer and cmc. Finally, its st. Patricks day tomorrow. We asked about the beer distributors. Anheuser bush is up 1. 1 up. Its been up every st. Patricks day since 2010. It was back in 2008 2009. Good day for them. Good week for but f budweiser. Back to you, sara. That was a good tidbit. Two traders on the rally today. Weve also got gordon. Heres the theory i have. Currencies matter a lot more than commodities, mainly oil for the stock market right now. True or false . Today true. The fact of the matter is oil is at a multiyear low. Faw months ago that would have been cause for a selloff in stocks. And it might resurrect itself at the end of the corner when