Stand. The s p and dow both down more than 2 in march. As for the full quarter, the dow is down 0. 6 . It is a short but busy week. The always important jobs report is due on friday morning and even though the markets will be closed well be here on squawk box, at least joe will bringing you the numbers for the jobs report. Well also be getting personal income and spending at 8 30 a. M. Eastern time today and spending home sales at 10 00. United health right out of the gate at 6 00 is announcing that it is acquiring catamaran ct rx for 61. 50 a share in cash. And that is not i dont know what that quote youre seeing right there is because this is going to move sharply higher i think, United Health probably can write a check that wont bounce on the deal is to be net earnings by 30 cents a share for United Health by next year. By 2016. Lets see, the company is also making some other comments and a firm 6. 25 a share for 2015. The croweo of a catamaran will become the new ceo for pharmacy benefit manager. Its defining with United Health groups Free StandingPharmacy Group service. Yeah. It is a pbm deal. We mentioned the 30 cents. Its just out of the gate. I havent looked at the expected deal to close in the Fourth Quarter. United Health Shares are indicated 116 to 128. I havent seen any trades there. We have seen the Pharmacy Benefit Management getting bigger and bigger and excerting their will over the Drug Companies in the situation. In the release it said that 2015 catamaran expects to fulfill more than 400 million prescriptions combined with the 600 million annual. It will combined the data to be a competitive force in the industry. Weve seen express scripts kind of putting their pressure on the Drug Companies to say what they will and wont pay for. It seems like its an industry where you have to be big to enforce your will on some of the Drug Companies. I dont even know catamaran. Ive never heard of them. But we are seeing more and more clout from the companies and were seeing cost pressures everywhere in health care. So take a look at that. I was just proud i remembered United Health care was here are the big go fast on a monday morning. Here we go other big stories were watching. The Nuclear Talks with iran are going down to the wire. Now New York Times the lead story iran is reportedly refusing to shift nuclear fuel outside the country supposed to go to russia. That could be a sticking point. Negotiators must agree to an outline by tomorrow midnight. Iran one of the negotiators talking to reporters saying no way. The United States is saying theres other ways of sequestering it or something. But they have until june to fill in the details. Theres still a lot of i dont know very questionable what finally happens here in terms of what the senate does here. Netanyahu saying the deal is even worse than the one he was talking about. So well see. Oil prices are lower this morning in part on potential on the potential for an iran deal. More on that story in a minute. In other global news, the clock is ticking on the talks in greece between altogetherthens and the lenders are continuing the countrys deputy finance minister said greece has not given up on the goal. Meantime at home a bullish view of the u. S. This morning. A new survey of forecasters going point to the economy gaining strength this emperoryear as well as next. It tops 3 . And we have more from steve leaseman. And the guy hes the head guy did you know that . I didnt know that. And john will be us. Hes a chief economist at wells fargo. Hell be with us in about 20 minutes. I was looking for the maybe it will be here the big lead story that i saw which was . Which was seriously . The big lead story youre talking about . Lifestyle lift chapter 11. Youve seen that one, right . Where yes no they use i dont know ive seen the commercial. They tried to they tried to i shouldnt be laughing because will why do you because im looking for a rut yutble company. Its Plastic Surgery for the masses. About 50 or so. And they do a lift. Yeah. And for people that, unfortunately, need these things. None of us here do. But we have an bob got one. If i wanted one because im on tv. Im perfectly entitled if i see fit, but, no an elective surgery. Right. I dont like cutting my nails. I get nervous. I get scared. I dont like haircuts. Needles. I dont like needles. They did it with local anesthesia. Thats how they pioneered a facelift with local anesthesia. Give me the max. Anyway, thats on the front page of the journal but then its on page b 9. Somehow we missed it. Anyway. I skimmed over that one. Let me tell youre young. So youll be young forever. Dont worry about it let me tell you about Corporate News that caught our attention fidelity is reportedly putting pressure on dupont to reach a settlement calling the dispute a proxy fight. Its the sixth larger shareholder. Yahoo and microsoft are extenldsing their search talks for 30 days. Renegotiating a search deal put together by former executives. And the new York Auto Show kicks off this week. Ford is bringing back the lincoln continental. It dates back to the 30s and once the pinnacle of luxury. Ford stopped making it in 2002. We all my parents would do you remember the doors, the back doors that opened like i do. My grandpa grandparents had one. Really, you come from some no. This was a big that was in the 60s, you know, her say her say mercedes i guess some people wanted those. Ford is looking to push it in china. The iran Nuclear Talks, saudi arabia attacking yemen and nigeria elections big events potential to have a Significant Impact on the Energy Markets today. Rpc Capital Markets is here. Ynt believe what the list of issues that i rattled off. Were talking about oil trading below 50. Right its the expectations. Iranian officials saying we can put a million extra barrels on the market. Everyone believes them. Theres no sense theres a long path to getting a nuclear resolution. I think the market is getting ahead of itself believing an iran deal is done. What do you think you look at the iran deal being done. Im talking about the tensions in the middle east. What is happening with yemen. With all of these things and oil below 50. What is amazing we were yemen is one of four middle Eastern States involved in active fighting. Saudi arabia amassing 150,000 troops on the border with yemen. Its the mother of all proxy wars with iran. You have nigeria announcing the election results. Highly polarizing election there. We think geopolitical risk could be coming into the markets. Everyone is focussed on the iran story now and the expectations you get the iranian barrels back in the near term. What would happen, i mean, it seems to me theres so much more unrest in the middle east than weve seen in quite awhile. Theres so much higher tension. Yeah. How much does that actually play . What kind of premium. I think theres almost no premium now. What would you put on it . I think what you have to look for is there physical supply disruption. Right now the story is about oversupply in the market because of north america. If you want to find out where you can lose physical barrels quickly thats where nigeria is important. We have lost sometimes 850,000 barrels. One of the most volatile states over the weekend river state. Thats important because you can literally lose barrels quickly in the oil market. Attention is not there now. Its on iran. Its also on as you mentioned the north american production. Theres a huge school of thought that said we could be looking at peek peak production. We could look at more coming in filling up the capacity we have for any of the supply to be stored. What happens at that point . Are you in that camp some people said we could see 30 or below . What is an interesting question were going to becoming out of refinery maintenance soon. The interesting question if you fill all the storage and you do push prices to 20 or 30 as some are saying is that what causes production finally to stop in the United States. Is that what you need to slow the north american story down. Its not happening at 45 a barrel . You have the uncompleted wells. Theres a school of thought you have a frank log once prices go up in the 0u6d and 70 theyll be bringing the production on. You need tow move significantly lower to significantly slow this. Its been part of my question. The idea that technology is allowing us to find more oil. I think its allowing us to turn the spigot on and off more quickly. You may not see the highs and lows weve seen in the past. Do you believe that we could look at a more moderated price . I think if we had no geopolitical risk in the oil market then you could be talking about a moderated price. But, you know, the middle east still remains such an important production zone. When you have stories about the saudis, you know, putting new troops around Oil Facilities that kuwaitties bolstering oil securities. If you have one significant event in one of the countries, in iraq for example, that would push prices higher. Were not entirely free from the dependence on middle eastern oil for the market. Thank you very much for coming on. Thank you. And we probably heard by now news all weekend a backlash against indiana governor mike pence and his states new religion use freedom law. Hes defendsing the move. This is where the debate has gone with misinformation and its just a question sir. Yes or no . Well, theres been shameless rhetoric about my state and about this law and about its intention all over the internet. People are trying to make it about one particular issue and now youre doing that as well. Some of the nations Biggest Companies have been speaking out opposing the law. Eli lily threatening to pull business from indiana. The latest well known ceo to talk apple tim cook. He writes in part that in his words americas Business Community recognized a long time the discrimination in all forms is bad for business. He goes on to say on behalf of apple, im standing up to im imoppose the new waive of legislation. Im writing that hopes in many more will join the movement from North Carolina to nevada. And these bills under consideration truly will hurt jobs, growth and the economic vibrancy of the parts of the country where 21st century economy was once welcomed with open arms. And john harwood joins us from d. C. This morning. I dont know the specifics, john because there are existing laws in a number of states that they say are similar, but then i saw that supposedly there are parts of the indiana law that are different and go i guess in the detractors words that go even further. Do you know the details on the specifics . I dont know how to parse the differences, joe on the laws in 19 other states and indiana. But i know that at this particular moment to press this has gotten mike pence in a buzz saw. Reshows the reaction of the multinational and National Firms angies list, apple. The limits of what red state governors can do on issues they may think are unremarkable. Mike pence yesterday on steph no liss show say there other states that have one. Bill clinton signed a law that contained provisions similar to this. That all may be true but in 2015, hes in a position given how fast Public Opinion has shifted on these issues and where they sort of Political Center of gravity has gone its put him in a real bind. Yeah. And i didnt realize what you said about the president or bill clinton. But youre right. Its moved the favorability for same sex marriage is in 60 or so . Yeah. The fastest changing social issue in the recorded history of polling. It youre mike pence, youre a conservative republican youve come up politically in a world where the views that hes expressing and the desire to stand up for those who feel aggrieved by the expansion of support for samesex marriage. Its sort of like a almost a routine kind of step to say, yeah, i stand with you and we cant the government cant force you to violate your conception of practicing your religion. But he has been overtaken by an accelerating shift in Public Opinion that we just havent seen before. And i think thats the reason why i would say in arizona, jan brewer resisted a law of the kind that mike pence has signed. An jan brewer is also a republican. John, i dont understand the specifics enough to get it. I understand where people say because of the law you could somehow choose to not serve people in your establishment to not do business with them because you disagree with their way of life. Whether its because you choose not to i dont know provide a cake for samesex marriage. I get that and understand clearly that is discrimination weve been trying to prevent for years. Mike pence said its one small aspect of the law that was not intended to be there. What is the intexntion of the law . What mike pence and proponents of the law are doing is saying were standing against government comepelling you to do something you think violates your religion. I think the government compulsion in this case has to do with government authorizing samesex marriage. So that by the fact of government authorizing same sex marriage that is a government step that in the view of the propoebts points of the law would force a retailer in the circumstances you mentioned, becky, to serve a customer who is participating in something they think is offensive to their religion. I think thats the theory behind the law. But, i mean, thats like saying if a by racial couple walked in and you didnt feel like serving them you could say no. Exactly. Basic premise is something that has been learn. Thats why tim cook is speaking out. I dont know if thats religious grounds. Im sure you could find somebody. Thats a weird religion. I think its something simpler. I may be a lapse catholic but can you you imagine knowing people eat meat on friday and say youre not getting flowers here, pal. I saw you walk out of burger king but then i bet you didnt get the fish sandwich. Its absurd. You are illustrating how uphill the fight is for mike pence and the proponents of the law. Because thats what i never really understood. What i cant understand in this day and age you know what people do or why would that affect me what they do. Thats what i dont understand. Its like i can practice my religion exactly how i want to and but you cant make everybody else practice it that way. Right. Because it would be a slippery slope. What if you have weird religion you founded, you know, take your pick. This is a bit of the conundrum facing the Republican Party. Right. While the National Opinion on this issue of samesex marriage is rapidly moving you still have a Critical Mass of the republican president ial field standing up against that. Ted cruz when he announced last week saying no we support traditional marriage. And thats because thats a very popular position with the people who vote in republican president ial primaries. Do you accommodate yourself to the broader Public Opinion or appeal to those in the Republican Base . If youre a republican president ial candidate, most are choosing to appeal to the base now. So is mike pence himself is considered a potential president ial candidate. Right. We had eric can ton cantor on. I said no one is asking you to marry a man. What difference is it to you . Thats what i dont get. But, i mean, i think thats pretty common. Anyway i hear the music. Youre not going to congratulate me on duke . Yeah that was pretty good. I watched it. They looked strong. They look strong. I i dont know i wish i picked all the top teams. I got some bad advise. The final four with Michigan State. Michigan state, ill tell you, what i have come to realize is that all of these teams have a lot of talent. Somehow a coach can bring out something. Great coaches can bring out maximum performance from a lot of guys who are all good. It is a great coach. He. He is look how far louisville went. Congratulations, john. I say that with great love and affection and appreciate it and honesty. When we come back ben bernanke defends the fed. Why Interest Rates are solo low. First, a look back at this date in history. I am never getting married. Never. Psssssh. Guaranteed. You picked a beautiful ring. Thank you. Were never having kids. Mmmmmm. Breathe. I love it here. We are never moving to the suburbs. We are never getting one of those minivan . We are never having another kid. Im pregnant. I am never letting go. For all the nevers in life state farm is there. Ameriprise asked people a simple question can you keep your lifestyle in retirement . I dont want to think about the alternative. I dont even know how to answer that. I mean, no one knows how long their money is going to last. I try not to worry but you worry. What happens when your paychecks stop . Because everyone has retirement questions. Ameriprise created the exclusive confident retirement approach. To get the real answers you need. Start building your confident retirement today. Steve leaseman is here. He joins us on set. Ben bernanke becoming a blogger today. This is news. Yeah. Hes basically been speaking at private affairs for lots of money. Well into six figures. And now hes sort of said i left the fed and the capable hands of janet yellen. I can comment on, you know, a current economic issues. But does he do that and get into fed policy . He does a little bit. Except he does it in a way that is not all that controversial except for one thing that we can talk about. Let me say what he said. Hes penning this blog at the brooklyns institution and hes defending low Interest Rates the way it is. Here are some of the things he said. He said low