Thats starting to play out in what weve seen in gasoline prices. Michelle . Among the top stories, cybersecurity is in focus. SeaGate Technology has been hit by hackers. A fishing email scam resulted in the Data Storage Firm releasing tax information, salaries and their Social Security numbers to an unauthorized third party. Seagate tells cnbc that the data was sent by a seagate employee who believed the phishing email was a legitimate internal company request. Apple mac users have been targeted by ransom ware. What happens is the software steals your files, encorrupts them and then asks you to pay money to get your data back. The asking price for infected users in this attack is one bitcoin, which at this point is about 400 bucks. We told you on friday that amazon decided to drop encryption from its fire operating system. Now the company is backtracking saying it will restore the encryption after customers and privacy advocates complained. People inside and outside of the world of politics remembering nancy reagan this morning. The former first lady died at her Los Angeles Home yesterday at the age of 94. Well have a lot more on her legacy in just a bit. Ive heard so much said already. Any pictures that you see, it starts there, i think they got married in 1952 or something. And they looked you know, there were birds chirping, hearts flying around. Any time you saw those two together all the way they were together for over 50 years. And devoted to each other completely. You know how people i dont want to get political, a lot of times the media or the press will have a certain try to fill in a narrative about in a vacuum. About reagan, it was that he was superficial or an actor, but if you read the letters he wrote, he was a thoughtful, compassionate. He loved her so much. When you read that he says my life stops when youre not around. Cant wait to see you again so i can start living again. Exactly. You talk about her, she when he got alzheimers, one of the reasons she became so active was the golden years, when they could have been looking back at everything they that he had accomplished and she helped him accomplish, that was stolen from them the last ten years. Thats why she got so actively involved in stem cell treatment and she didnt want other families to go through what she had gone through. Very protective of him. Another quote last night said, you know, after ronnie passed that it is supposed to get easier and better, she said it never did. Her death hit me like a ton of bricks. Hers did. His did. Yes. But to see all their photos, how happy they were, also at this moment when the Republican Party is so at war within itself. You miss him so much. And her. And her, absolutely. Her dying right now in this political moment was this kind of crystalizing event, i think to highlight the struggles in the Republican Party. Even the daily news, i guess they would have some i guess they couldnt. I forgot she had spent some time growing up in queens. The daily news says americas first lady. Im surprised. Maybe they can rise to they dont have to be in the toilet every day. A piece of national history, right, ben . Well talk about a lot of things political in a moment. Lets check the markets. Futures under pressure after coming up from some strong gains. Last week alone, the dow was up 366 points. This morning futures down about 73 points. S p off by 11. 5. Again, we showed you europe already, its a similar story there with declines of about 1 for many of the major markets. The dax down by 1 . So is the cac. Ftse down by 0. 85 . In asia overnight, you did see some mixed markets. The nikkei down by 0. 6 . Ill prices over the past week were up by about 8 . Were looking at wti this morning up another 49 cents to 36. 41. If you want to look at the treasury markets, tenyear note now is yielding 1. 911 percent. The highest level in a while. Lets look at whats happening in currencies. The dollar is up against the euro at 1. 09. Euro closed last week at 1. 10. Finally gold prices down about 1. 50. You saw four states you saw what happened last week and tomorrow we have michigan, mississippi, idaho and hawaii. Ahead of that republicans came out swinging on the sunday shows. Democrats apparently had a debate last night, faced off in flint, michigan. I happen to think that when youre fighting an enemy that chops off heads, i happen to think we should use something stronger than we have right now right now basically waterboarding is not allowed, as i understand it. And you would like it to be . I would certainly like it to be, at a minimum to allow that. Ill be voting, before voting for someone on the ballot who i think is a real conservative and makes us proud. I may write in a name if i cant find such a person. We need john kasich to take charge. Im your democratic opponent, i released it here it is. I dont give speeches to wall street for hundreds of thousands of dollars. I voted to save the industry. He voted against the money that ended up saving the auto industry. Oh. I think that is a pretty big difference. I will be damned if it was the working people of this country who had to bail out the crooks on wall street. And who was that . Larry david . Joining us now, ben white, politico chief economic correspondent and cnbc contributor. In the way that the universe works, do you think its weird that were watching this and then all of a sudden Ronald Reagan is thrust back into our view . After what weve seen in sort of in the debates. Suddenly everybody invokes him. The 11th commandment. Mrs. Reagan dies. All of a sudden we think about this again. Where the hell are we . I think michelles point was poignant. You have these republicans in debates just tearing each other apart. Talking about their anatomy, getting into ugly territory, you think about nancy reagan, Ronald Reagan, and the idea that people shouldnt be tearing down each other in public debates. They were both so classy. Right. Its not like in reagans day there were not difficult debates. There were duff discussions and fights within the Republican Party, but nothing like 2016. Nothing as personal or tawdry as weve seen. Thats why you have people like mitt romney coming in trying to stop trump and raise the level of debate. Reagans first rule was one republican should never trash another republican. Thats a fair point. That perhaps you wouldnt want somebody coming in saying that you shouldnt vote for this guy. Please. The same guy he got an endorsement from. The thing about reagan, theres no one he didnt like, genuinely. Tip oneill. Ideological differences with people, partisan differences, but in terms of personal relationships, he was very warm towards just about everybody in the party. The debate hurt trump, i think. The late deciders went to in louisiana. And kansas. Wasnt he ahead in kansas . Is it the debate or the attacks . I think romney helped. Rubio and cruz constantly ganging up and attacking. If you look at early voters versus late deciding election day voters went heavily for cruz. How much is it that carson is out of the race . Carson is out, his vote is going to cruz and others. I think there was a slight move away from trump. That could get reversed in michigan. He could win michigan solidly on tuesday. This is the first real test where everybody has taken out the guns plablazing at trump. This is where we see if hes as teflon as he has seemed to be thus far. Republican pacts are designed to go after donald trump m. One spent 25 million in total against him, not just in michigan, but florida, ohio, they hope that number can bring his numbers down. Where are the polls in ohio . Kasich is up a bit in ohio. Up over trump . Depends on the poll youre looking at, but hes banking on that to win. He said i think a contested convention would be exciting. No kidding. 4 . Thats his only path to the nomination, contested convention. The only person right now with a legitimate shot for trump is ted cruz. The brokered convention, these efforts to try to conscript paul ryan here. How much of this is a fair amount is artifice. No one will say i want the nomination of brokered convention. I dont want to have to get any votes but should it be offered to paul ryan at convention, he would not say no. Even romney said he would not seek the nomination, but im trying to say you dont say you wouldnt take it. It would be political suicide for the party. Not necessarily. Yeah, it would. I dont believe that is true. You think the trump voters would go and vote for hillary . It looks like youre stealing an election. The rules are you have to have a majority of delegates going in. 35 said they would never vote for romney. I think romneys speech only solidified their belief in donald trump. Right. This is an unlikely scenario that you have a brokered convention. Its not impossible. If no one gets the delegates, you have to have a brokered convention. Rubio is not going to win florida. It doesnt look like it. If he doesnt get it, will he get out . I think he has to if he doesnt win. Then youre really left with cruz versus trump. Yeah. Then what happens . Thats the thing that trump says, cruz has been rising and is a challenger for trump. The problem for cruz is the map. If it goes to illinois, california, ohio, northeast, these are not big ted cruz states, evangelical states. Trump has a broader appeal to working class white voters that are less evangelical. I think the map is better for trump in a oneonone with cruz. I read your note this morning, i was shocked to see the idea floated that hillary might choose Bernie Sanders as a running mate . That, to me, is the type of thing that she i understand the desire to want Younger Voters that would be her sarah palin. I dont know quite sarah palin. A socialist on the ticket. She wants the left and liberals and progressives to come out in force. She will win states that bernie would draw voters from any way. If youre a raging liberal, you never vote for the with the right. Why waste putting him on the ticket. I dont think it will be sanders. I dont think it will be Elizabeth Warren either. Because he continues to win states and delegates, she has to do something to appeal to his supporters. How far left does that push you . Not a lot further left than shes already gone. The issue is do you get turnout . He brought turnout if hes not around, his voters are not voting right, right . But if youre facing donald trump, you do not need turnout person on your ticket because everybody who is on the left and doesnt like trump will come out and vote. He drives up democratic turnout if hes the nominee. She doesnt need somebody from the far left to join that ticket. Elizabeth warren hates her, right . I dont think she hates her. She doesnt like the wall street ties, doesnt like the wall street speeches. Shes too far left, too. I agree, but the energy in the Democratic Party is on the left, with the warren wing. Stay there. So theres a lot of pressure on hillary to pick somebody from that era. You saw limbaugh, he has a big following. He was talking about ted cruz, saying it was like a treatise in constitutional pure thinking. That was a big endorsement to cruz. With trump, he said the upside for a Trump Presidency far outweighs the down side that all of the critics are talking about. Hes been fairly supportive of trump. Six months ago, if you told me he keeps saying its not an endorsement when he says t but he keeps saying it. It comes down to cruz and trump . This is the problem with the stop trump move the, a lot of people see it as trump versus cruz. I dont think their desire for cruz is that much higher than trump. The money hasnt gotten anybody anywhere this time around. And it hasnt been prosecuted against trump that much. 9 million has been spent against trump. Maybe double, triple that over the next few weeks. Can we underline the people who complain about spending in politics, that this election should improve just stop complaining, it hasnt done anybody any good anywhere. I guess its anger, on both sides, we are in some alice in wonderland territory. Cruz and trump on one side. Bermers as a viable candidate as a socialist. I blame it on twitter and social media. You can blame it on the economy. The apocalypse, the four horsemen, total collapse of society as we know it this is like antimatter meeting matter. These are strange rumblings happening. Isnt he coming back and taking everybody with him some day . Walking dead zombie. How do you i account for it basically that people are upset about 2. 2 Economic Growth. Upset about wages. More than that. But a lot of it is that and frustration with the political system in washington. Republicans always talk about the people. The people. You know, every vote. Here, if youre seeing it play out. Right. They dont like it. All theyre trying to do is big kingmakers, select people that pass muster from the republican establishment. Thats supposedly the polar opposite of what they supposedly stand for. Here they are, they want to subvert the will of the people theres something very antidemocratic there. The blow hard elders of the party which brought us all this success. If trump wins it fair and square, he wins it fair and square. That may not happen. We may find out soon he has the nomination. The democrats have the superdelegates, and they exist to get Hillary Clinton the ticket. The structure is totally in her favor. The establishment were the Democratic Party shell win it without superdelegates. Make sure that you get 40 miles per hour, make sure that you use this. Theyre used to putting smart people in place. Thank goodness. Thank goodness, yes. So we dont have to think for ourselves. Put the smart people in. I will say this about the superdelegates, theyre insiders, but she will win the majority of delegates any way. If you are a super dl gadelegas should be forced to wear a superhero costume to the convention. She should be afraid of donald trump. If he gets the ticket and what he will say about her. You make the assumption that trump can be made to feel uncomfortable. Nothing makes him feel uncomfortable. Everything makes her uncomfortable. Ive been impressed with how trump has stood up to the attacks in the debates. Swats it off. Loretta lynch you put that under the rug . You tell me. They just offered immunity to the guy who set up the servers. She said she is the most transparent candidate and that is good for more transparency. If youre offering immunity its because you want information and want go higher up the line. Its so ridiculous. Release your Goldman Sachs speeches, tell us more about the email. Shes not transparent. Its nonsense. Well, i dont think this is going anywhere. Theres no way. No way. They probably talked about this they probably talked to Loretta Lynch about this before she became ag. I dont think theres that level of conspiracy. It matters what they figure out. Coming up, u. S. Stocks coming off three straight weeks of gains. Crude climbing to levels not seep since early january. Coming up, your Market Strategy session to start the trading week. Need to hire fast . Go to ziprecruiter. Com and post your job to over one hundred of the webs leading job boards with a single click. Then simply select the best candidates from one easy to review list. And now you can use zip recruiter for free. Go to ziprecruiter. Com. With extraordinary offersmance on the stylish, allnew rx. And the dynamic nx. This is the pursuit of perfection. Hey hows it going, hotcakes . Hotcakes. This place has hotcakes. So why arent they selling like hotcakes . With comcast Business Internet and wifi pro, they could be. Just add a customized message to your wifi pro splash page and youll reach your customers where their eyes are already on their devices. Order up. Its more than just wifi, it can help grow your business. You dont see that every day. Introducing wifi pro, wifi that helps grow your business. Comcast business. Built for business. Welcome back. Its a light week for economic data. On thursday we will get the ecb Meeting Press conference. Details of the announcement could be a driver for the markets this week. For more on the ecb decision and the fallout from fridays jobs report we are joined by anetta markowska. Thanks for coming in today. Thanks for having me. Lets talk about fridays numbers. This was a strong number but not so strong that it flipped people out. Good news . I think it was a great report for the market. At least for the time being, it erased some of the slowdown we saw in the fourth quarter. That was overhanging the market. That was definitely overhanging the market. I was surprised how people were ready to jump on the band wagon of recession risks. At the same time the setback on wage growth allowed the markets to digest it in a way that didnt necessarily put hikes right back on the table, which, from my perspective, is one of the biggest risks for the market going forward. For the time being it gives the fed a bit of an opening to pause and take that pressure off the table. You do not expect the fed will be raising Interest Rates next month when they meet or next week when they meet. Certainly not next week. In fact were only looking for one hike this year. I could see two, but i think the biggest concern or difficulty for the fed is that the market is not priced for any meaningful hikes. At some point if the data does continue to surprise on the upside, particularly wage and inflation data, the fed will start signaling again that will cause the dollar to rally. Financial conditions to tighten. This twoway causality between the fed and markets does not allow either to move much. We look at what the fed is doing. Part of it is the data depend t dependen dependency. The other part of it is the ecb and the bank of japan. Its hard for us to raise rates in the face of that because what it would mean for currency moves. Absolutely, which is why market dependency at this stage of the cycle for the fed is more important than data dependency. Its the only central bank in a world tightening now where were contemplating normalization. As soon as the fed signals were ready to take the next step, will you see the dollar shoot up, financial conditions tighten and the markets will do the tightening for the fed. Thats why one or two is a reasonable assumption. Speaking of tightening credit conditions, we saw an improvement a bit last week. Stocks rallied, high yield improved. How closely are you watching we know the fed is data dependent, but also focused on what credit markets are doing. Last week was defini