Dow up 228 points. Youre looking at a few red arrows with the dow down by 60 points. The nasdaq down by 13. A couple of other stories. Lets take you through some of them this morning. February Housing Starts and Building Permits released at 8 30 eastern time. Stocks expected to drop by more than 2 with the weather being a big factor. Two wellknown Tech Companies to post quarterly result afs the bell and then theres the buzz story of the day. Apple tv and the wall street journal reporting this morning that the company is working with programmers to offer a bundled service of about 25 channels. Now broadcasters as part of the bundle are said to include abc, cbs and fox but channels owned by cnbcs Parent Company comcast so far at least will not be part of the service. The price tag 30 to 40 for the bundle. They would include things like espn in that and the question that i have is whether the economics of whether were actually seeing the true unbundling of all of that. It seems like it is the marketplace doing it itself. The cash its been going on for awhile number one and comcast along with apple is going to do this and apple got the idea that comcast at the same time they were talking with apple they were developing their own platform to do it and apple was also talking to Time Warner Cable until Time Warner Cable was acquired by comcast and now theyre not going to. How are you going to offer, even if its a slimmed down bundle of programming that doesnt include any nbc assets. You see what happens when you try to offer something and youre not going to have final four. So theres the cost of the package and the content. Theyre not negotiating with whoever. Youve seen it. The content provider always wins. You can argue against whether nbc can have an upper hand here if youd like. But go ahead. I would make the argument. Make your argument. That over time it is impossible to believe that the economics of cable tv and content continue in the way that they do especially, by the way, with the lesser channels and thats where all of thats where a lot of it happens to be. How would the lesser channel apply to Something Like cnbc . It wouldnt. It actually would though. No you can drop the smaller channels but youre going to need things like usa i was kidding about cnbc. Its not a lesser channel. Youre going to need to offer cnbc in a bundle. You may and you may not. But thats the question. I wouldnt want to bundle without cnbc. I wouldnt want to bundle without cnbc either. Lets wear it at that. But i think theres a larger problem here which is to say, first of all i think we saw and we talked about it a couple of weeks ago when we looked at viacom, they dropped cable channels and people just continued to live. Wait until march madness. This might be a turning point. But theres people that dont even have cable. When theres been a disagreement between content providers and most of the time the content do you remember last time he was so smug about totally winning everything he wanted in the last battle. It becomes much harder. Theres a lot of little different services. 30 to 40 for 25 channels versus 90 for Everything Else. But you know what this means, this means the Cable Companies are going to be doing things like charging more for your internet connection. Thats going to be the only place. Youre getting phone service essentially for free. Much higher margin business. Meaning if youre a cable operator i dont know if comcast or charter or whomever would want to admit this its just as high a margin business in fact a higher margin business not to offer the tv services. If you could stop having to deal with the tv stuff you would do much better. Most Cable Companies dont want to be a utility. One said it may be difficult for apple to launch a Service Without universal challenge. I doubt it. I dont think they would do that and blind quote that. I dont hi so either but i think this is one savvy Media Executive is all im saying. We watched this for a long time and this is a turning point. Theres going to be a bunch of little turning points. Its not going to change. It will change. But the point is theyre going to go out of business joe. Thats what im trying to say to you right now i have hundreds of stations and i dont watch a lot of them. Theres many channels that will disappear. The stain Glass Network. Ive never even seen it. Ive not seen that. I think youre making that up. Did i . I think so. If you can learn how to make it it might be good. Among todays stocks to watch, American Airlines the company is going to join the s p 500 and will replace allergan being required by activists. Well talk to doug parker at 8 00 eastern. Two new studies finds gileads hepatitis c drugs are largely Cost Effective in the u. S. But researchers are cautioning the widespread use will be a significant cost for the Nations Health care system they spent like 2 . Does that surprise you. It was a frightening article. It was a 39yearold man that needed a heart valve and he was waiting in the hospital for the heart valve. They said we have no surgical instruments or heart valves. You need to be discharged and go home. So he went home and waited and he finally died. But everybody has health care in venezuela. Everybody is covered but nobody can get it. Yeah. Basically theres nothing down there because of supply and demand. Hopefully were never faced with anything similar here. Other Corporate News this morning, pinterest raising 367 million in its latest round of funding. That brings its valuation to 11 billion. Its still looking to raise more money. In other media news disney is in early talks to back draft kings. That site lets users legally wager real money. Fortune is reporting theyre in the middle of raising a new round of funding at a valuation of at least a billion. Draft kings biggest rival is fan dual which has investors including Comcast Ventures and nbc sports ventures. Uber cfo is stepping down. Making that announcement in an email im not going to know how to pronounce his last name there . An advisor to uber. Four sil bulls. Theres not a plan yet. Currency swings Cost Companies last quarter 18. 7 billion which we talked about a lot. Its real money. Its 18. 7 billion. A report by currency Risk ManagementConsulting Firm fire apps says that the total negative currency impact was the biggest since the height of the euro crisis. Earnings per share of north American Companies were hurt by 6 cents a share on average and we have him on today. The man behind the report will be on at 8 40 a. M. Eastern. Lets get a check on the markets again this morning. As we mentioned the futures are indicated higher. Take another look and youll see this is a massive rebound we saw yesterday. It erased all of last weeks declines ahead of the fed meeting setting up. The dow down about 80 points. S p off by 10 and nasdaq down by 18 points. In europe looks like things are mixed. Not massive moves except in germany where theres a decline of over 1 in greece. That up by 2. 75 . The shanghai up by 1. 5 . Take a look at oil prices. Crude oil continued to struggle it. It dropped 2 of 4388. That was the lowest level many five years. Now down to 43. 18 barrel. Check out the bond market. Ten year at 2 . 2. 047 . The dollar yesterday took a brief pause in its rally. Dollar index was down by. 7 . That was the worst day in a month o. The dollar is down against the euro and yen again with euro at 106. Gold prices up by just over a dollar. Oil prices getting squeezed again. Sanctions against iran would be lifted if a deal was reached would bring more iranian oil to hit the market here in the u. S. Oil storage is now the major issue. Our next guest says its getting so full that buyers may soon be storing it in Church Basements and schools. My thing is leaving it in the ground which theyre able to do now and they can get it almost immediately, right . That makes a lot of sense. Is anyone going to store it in a Church Basement . Well you know if it goes deep enough its probably worth it. Youll pay it back later. Explain the technology and how rev lent it is so far. The principle here is if youre going to spend money well, if you dont do the fracking and then come back to it later. Not just when prices recover but when Services Companies weakened as a result of the stagnation and are willing to cut you a deal. The idea would be instead of having to wait for a supply response it would be right there in the pipe. Its a matter of days or weeks rather than months away. How long would people leave it there do you think . Would it only finally come up if prices recover or would eventually say look weve done it and we might as well bring it up anyway . The idea is eventually to bring it up anyway. Thats the point of drilling the well in the first place. One of the reasons you would do that is you would see declines in your other production. Where we are the price versus been falling and production keeps going up. Its been only so long is that going to continue and were probably nearing a turning point pretty soon. Youll start to look at production coming on to replace supply so companies can keep making revenues. So do you, in the last month, have you got more bearish . Were getting more and more people on here talking about 30 and even below that . Yeah its hard not to get more bearish when you look at the state of inventories right now and where is the demand response going to come from . Probably not very many places. One place it can come is later in the spring. The saudis start burning oil for power in the summer. At this price they might be willing to burn more of it. A couple of hundred thousand a day relative to expectations. On the supply side things are starting to tighten up. If you look at North Carolina as the most volatile and price sensitive of the areas in the u. S. Were starting to see retracement in production. Youll see 30,000 less in april. If you look at the producing counts by their break even prices theres about 100,000 barrels a day right now coming out of the ground that is above that break even rather lets try that again. The break even price is essentially above the current price and as a result youd expect that to be a little bit thats not going to last too long. So i lost my train of thought here. So in terms of the iran sanctions, if those were to be lifted how much is that . Do you expect that to happen if theres a deal and how much would that bring on the market in terms of supply . We do think a deal is more likely than not but the deal is probably going to more likely than not. What happened just recent developments . The letter or the inability to do it. Its almost bipartisan that some people dont want to do it. You cant get the majority to override it in the congress. The Obama Administration has been going for this since 2009. Its going to be part of their legacy. We dont expect them to back down so that its lousy. So better than 50 odds. Is that factored into oil prices at this point . This is the story on the front page of the wall street journal this morning. Do you think its factored in or will this add to more pressure on oil prices . It might be bearish for the prices right now because the deal they have wont bring back crude exports to their level right away. Its going to be a series of gates and steps. A process where iran has to do some things. The first step in sanctions relief probably wont be to roll back the sanctions that came into force in 2012. Thats one of the hardest things to restore if they do. It might be 6 to 12 months out if you get those. On the other hand if they let more western investment back into iran in the interim theyll have more potential. The longer you wait the more you get. So you were saying that to stop it you need to have a veto proof majority to stop the deal. Essentially yes. Youre not seeing that right now. You might be able to pass a bill but when the president vetoes it the question will be where do dem cats democrats stand. They got fired up with the letter and netanyahu and everything. Yes, sir. Thank you. Well see you later. Thanks for having me. The airline wellknown for cheap fairs across europe and things like charging to use the bathroom. Now they want to come to america. Ryan air coming to america. Well tell you about it when we come back. Can it make a dentist appointment when my teeth are ready . Can it tell the doctor how long you have to wear this thing . Can it tell the Flight Attendant to please not wake me this time . The answer is yes, it can. So, the question your customers are really asking is can your business deliver . The board of ireland based ryan air approving a plan to come to the United States. It plans to sell some seats for less than 15 each way. 15 each way. Dont get too excited just yet. The official launch of the service will take several years. We have had the ceo with us plenty of times and some of these things are publicity stunts too. Charging people for the bathrooms and other things. Some of the seats will be very hard to come by. Its 15 for a one way ticket but its 1500 to use the bathroom bathroom. Take your chances. You cant make it 6 hours. I absolutely could. For 1,500 i could make it 6 hours. Double layer of depends. We sit here for three hours and i dont go to the bathroom for about three hours before that. But if you dont drink anything the whole way across might not be pleasant but you cant do it. People that can afford to are at an age where they cant make it 8 hours. So its fair pricing then. I dont want to be on the flight with people that havent paid for it because you never know. You get charged while youre up there for a credit card with food. Total market prices at that point. What else could they charge for. I like when some people claim its a gimmick and not possible to charge 15 each way. Yeah its got to be. 400. No much more. Yeah. Probably is. You can get some fares for 400. But youre subsidized by the first class people. If every seat is a coach seat. Youre much closer to 1,000. Maybe 7 or 800. Its pricey. Yeah maintenance, crew jet fuel. Remember there were airlines that would do this but they would offer three seats for 15. Right its a gimmick and you cant use the restroom. Anyway coming up a key election in israel today. Plus why an nfl player is retiring at age 24 and the controversial debate that it is sparking this morning but first as we head to break heres a look at yesterdays s p 500 winners and losers. Welcome back this morning. Its election day in israel and it could have a huge impact on how the u. S. Deals with a key partner. Tracie potts joins us from washington this morning. One of those candidates was just here right here on capital hill two weeks ago Benjamin Netanyahu with the antiiran speech. The polls in israel are telling us his job could be in jeopardy. Benjamin netanyahu cast his ballot this morning. So did his opponent. He made a last minute push for support promising no palestinian state on his watch. Two weeks ago today he was on capitol hill criticizing u. S. Negotiations over Irans Nuclear program. It doesnt block irans path to the bomb. It paves irans path to the bomb. Negotiations continued in switzerland. The u. S. And partners have two weeks to come up with an outline it. It could allow them to resume Nuclear Production in a decade. If you think the Islamic State is dangerous a Nuclear ArmedIslamic Republic is also. Thats tom cotton. He wrote the letter that 47 republicans signed warning iran the deal might not stick after president obama leaves office. A senior u. S. Official says iran brought up that letter twice so far in negotiations. So far israels Prime Minister is against the negotiations but that could certainly change. Were watching at the election going on right now in israel very closely. When their polls close it will be mid afternoon here and well be watching about an hour after that for the results to start coming in. Yeah okay. Tracy, thank you. Were going to go to another part of that in just a second but i did brackets yesterday. Try to change them 15 times. Ive done rpi. Do you still have the four number one seeds in the final four. No and i didnt even have kentucky winning anymore. I read a wall street journal piece that if its 49 probability. 49 means 80 of people are going to choose them. Oh. So the difference between 49 and 80, theres 41 of the people that are going to be wrong and the likelihood that they could make it. For you to win when you pick kentucky you have to have all the other games you have to be really good at all other games. Its hard to assume youre going to do that. Im doing all kinds of different stuff. I already filled it out. I went to silver. I went to the upshot. Did you take kentucky. Well talk about it. I was just doing statistically. I wasnt trying to get tricky. Ive done well in previous years. Im going with my heart on a couple of things. I love iowa state. Like the way iowa state place. Well talk more about this before the tournament starts. This is a classic article about americans that go over and play in iraq. Play basketball in the iraqi league and its government funded and hugely popular and they say the worst american player is better than the best iraqi player. A good player can make as much as 20,000 a month and they say hey it beats working but they said they did have to prepare to go over there and when we pulled out troops in 2010 money is a little bit shorter now so is a little bit tighter now an one of the guys said it made it tough because money is kind of tight and it is difficult traveling to the games when you have to cross over Islamic State controlled regions. What . The competition is difficult because of the cash crunch and the difficulty of traveling for games across territory