Futures down 35 points. S p futures up close to 6. Nasdaq down by close to 11. If you take a look at whats been happening in early trade, you do see green across the board. Angela merkel was dealt with a setback with election theres. The dax is up by 1. 5 . Cac up by. 33. Ftse,. 50 . And bank of japan with a meeting today. And here are some of the big stories that we are watching for you on this monday morning, the u. S. Condemning the latest attack in turkey. Leaving 37 dead, 125 injured. Officials say a car bomb targeted civilians the a bus stop. Meantime here in the United States, there are multiple injuries after an amtrak trail derailed in kansas. At least five cars jumped the tracks. The train was headed from l. A. To chicago. There were 142 passengers and crew on board. And flooding in louisiana and mississippi claiming at least four lives and forcing thousands to leave their homes. Flood warnings remain in effect across much of the region as rivers are at dangerously high levels. A couple stocks to watch. United airlines, now opposing giving oscar munoz official role as chairman after coming back from medical leave. Heart attack heart transplant. Michael kors could continue to rally as the retailer continues to expand in asia and europe and expanding to menswear, according to barrons. Barrons also writing that air conditioner making Ingersoll Rand could rally. This after dispute crude weighing on that. Blackstone reportedly agreeing to sell Strategic Hotels and resorts for 6. 5 billion. Blackstone completed its acquisition of Strategic Hotels less than a years ago. And bought new yorks waldorf astoria for 2 billion last february. Is that crazy to you . Blackstone just bought this past year and then theyre buying it for this crazy premium. Remember when japan came to new york we all thought they were buying up new york . Its a little bit different situation. Theyre looking to get money out of china as fast as they possibly can. Correct, but theyre looking to push it up. Ritzcarlton, dana point. Ritzcarlton, jackson hole. This is you look at what theyre buying. Ive got a 2010 jeep wrangler, okay, if you want to the pay me 40 grand for it, its yours right now, andrew. Blackstone may have just bought it and said, hey, you want to come here and take it for this premium, sold to you. Yeah. You know when blackstone wants to sell, i dont know if thats a good deal. When you were driving around this weekend, you might have noticed that gas prices are not as low as they used to be. Aaa gas prices jumped to 1. 93 a gallon. Thats up three cents in the past month. Oil prices managed to crime but its down. Weve got no Economic Data to watch for, but plenty of reports in the week ahead. Heres what weve got. On tuesday, got to look for february retail sales, pmi, the monthly Home Builders survey and the fed begins, twoday policy meeting. Wednesday, federal cpi and Housing Starts and then the feds decision. What kind of economic forecasts on Janet Yellens news conference. Thursday, jobless claims and the march philly fed survey. Over the weekend, Angela Merkels party suffered a big loss. Voters protesting the governments open refugee policy but did not bode well for whats going to come to her tenure perhaps next year. A wild weekend on the campaign trail here in the United States. Ahead of tomorrows mega tuesday. A lot of brawls, some bravado and plenty of blame to go around, too. One day to go before tomorrows primaries, Donald Trump Holds a big lead in florida, he trails to governor john kasich. Joining us to talk about the week ahead in politics is benefit white is chief contributor. Mega tuesday, i havent heard it described as mega tuesday. It really is because if donald trump wins ohio and florida, basically puts him on a glide trajectory to make sure that he gets what is it, 1237. Which he says is a random number which in fact is a majority of the delegates. Its not a random number. But its critical on tuesday. The Trump Movement wants to get on with florida. The Rubio Campaign said theyre hoping to hold out in florida. And the big one is john kasich with ohio. If trump splits those 12 states can still get to 1237. First of all, the polls how much do we trust . A lot of them weigh out. The republican side, theyve been a little bit closer but not always deadon. So theres always a chance for surprises. Could potentially get a surprise in florida. The polls are so consistently close it would be a shocker if he were to lose florida. And rubio to win it part of machinery is the governor in ohio. And a couple other states going, trump could win all of those, cruz could surprise people and win in illinois. Theres some other things to watch. What about all the chaos, the rallies, the fights, massive amounts of violence . Yeah, you see there on the screen, obviously very chaotic. Youve seen republican candidate including marco rubio shaking on this stuff saying theyre wavering on whether they can support trump. The question is how much is trump to blame for the violence in these rallies. He does not speak out against it. Sometimes, he encourages it, says to go ahead and punch it and hell pay the legal fees. Is he still going to stand by that . I thought he said he want going to pay its the same thing as saying if you come to my rally, if you punch people out i remember he said that about the tomatoes about a month ago. Hes not willing to say dont do this, is this bad for me, the country, stop it. He wont do it. The protesters when they show up, maybe theres blame, there. Its one thing to come out and peacefully protest but another to shut it down. On the flip side, Chicago Police said never told them to not hold a rally. Conceivably, its pretty combustible. The question is do we get more combustible with these things. Youve seen Bernie Sanders say that rubio is right to worry that somebody is going to get killed. Does it impact the vote, yeah, the Bennie Sanders and Hillary Clinton camp says its crazy. Sure but thats not changing votes. Do Trump Supporters look at this and say this is crazy . I dont think so. They come out to the rallies in part because they are so crazy. Its like a wwe match. They like that aggression. I dont think it turns the numbers down. I think what it might do is continue to keep that cap on his support. 35, to 40 . If you turn people off, people are not this super angry base that he has. They see this and say, whoa, is this the guy you want running the country . Look at the numbers on the screen. Kasich at 33, cruz, 27, rubio, 5 . Thats in ohio. Okay. Collectively, those are more than trump. Cruz and rubio are looking at each other saying its time for to you drop out. Is there a chance that they drop out in the next 24 hours and put their support behind somebody . I doubt it. Its hard to make a chase moving forward if you cant make your home state. If rubio does end up dropping out after florida, that could go to florida. But if he dropped out before florida, that would help somebody else. Cruz or somebody. But theyre not willing to do it until they know theyre dead politically. If trump wins ohio and florida, then it doesnt matter. No im saying, theyd have to drop out today. Theres an argument that rubio supporters make, even if rubio loses florida, he should stay in, as delegates stay pledge to him at a convention, hes viable at a convention if its brokered. They would not be up for grabs for trump start out. In your Morning Money this morning, youre the first person ive seen actually try to correlate the market volatility with the elections. Most people have not really done that thus far. Sort of focused on it but not really paying attention to it. Do you think theres Something Else going on . I think there is. You cant tie it directly. Ive talked to strategists about it, Hedge Fund Managers there is an up certainty premium inn there, on the left and right there was the assumption that Hillary Clinton was a lock for the democratic nomination, less so now after the loss in michigan. Has she said that Elizabeth Warner is going to pick my cabinet members. If trump is president , how does he govern, some in Corporate America not spending cash and marketing Political Uncertainty is part of that. I think, ben, im sure you guys get it and when people talk to you at cocktail parties and say why is the market going nuts, i say, well there is congress. Yeah, there is congress. Weird part is were looking at congress as the grownup in the room. Thats how bad things have gotten. Congress is the steady hand. No matter who gets in the white house Bernie Sanders programs or trumps programs or whoever it is, congress is going to no, no, no. Counter to that is there are a certain number of things that wall street really wants to see happen. They want to see tax reform, longterm debt reduction. If you have congress as maybe a blockade to getting 11 Million People out of the country, some of the crazier stuff, thats one thing. But its another thing to say were glowing to have more gridlock, were not going to get any of this stuff done. Thats more volatility, more uncertainty in markets if you have a president and gridlock congress, what comes out of washington . Nothing. Thats not great. Well have more certainty. If we have more certainty, lets say, on wednesday, after we see things, will that calm things down or not . If donald trump is the clear nominee, if he then starts to move to the center to back up some of the more radical stuff, weve heard the comments about radicalization, then you get wall street saying, okay, hes not going to win the general election, but if he did you also point out there are more people on wall street that prefer donald trump before ted cruz. Thats right. Congress dislikes him so much even his own party. How does he come up with an agenda to get through congress, but republicans would like to see infrastructure, tax reform, all of that stuff, if its not ted cruz. Its not a great option on the republican side maybe they hold their notion and go clinton. The president goes to austin on friday and spoke about the iphone and fbi. But at the same time, tried to appeal to the Tech Community. I couldnt understand he was trying to thread his sort of very interesting needle claiming whats in the phone, you dont want everyone to have their own swiss bank account. Thats what he said would happen. But at the same time he was praising the Tech Community. Right. I dont know how you thread that needle. You can understand his argument which is you shouldnt create a device that thwarts law enforcement. But in the same time, the Tech Community very much in favor of privacy and intellectual property. I dont know its if very effective, we just need to say, look, we need this data. Give up the data. And whatsapp creating that over the weekend. A 60 minutes piece as well. Check it out. After i watch billions. Specifically its on a little late for this group. Around the terrorist attack in paris, and actually the software that was used for that. Check it out. Thank you. Appreciate it. When we come back, the countdown is officially on. The markets getting ready for the next scheduled meeting of the janet yellen news conference. Will this put the bulls in a Holding Pattern . Plus, several big hotel giants about to make news in cuba. First this day in history. 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 to squawk box this morning. Several prominent American Companies are looking to complete new deals in cuba, thats ahead of president obamas planned visit next week. Hotel chains marriott and starwood with the possibility of combining. At t also said to be in discussions about a mobile Telecommunications Agreement in cuba though no deal has been reached. I read a great story about how all of these companies for the last 20 years, theyve had all of these sticksters and different people sort of setting up waiting to pounce. A head start. Yeah, you had to have it a little organized. I dont know how organized everyone will be. Lets get a check on the markets this morning. Again, we saw four weeks in a row of gains for the markets, the major markets at leaf for the dow and s p. You can see theres a little giveback, a few red arrows. The dow futures down 38 points. Obviously a big meets with the foc meeting. And a decision coming on wednesday. S p decisions down by 7 and nasdaq down by 13. 5. Germany is the biggest advance over the major markets up by 4 . Ftse up close to. 5 . Oil prices after a significant rally. Wti is down 1. 8 . Brent is 39. 74. Lets take a look at the treasury market. The 1. 964 . Thats the highest yield weve seen in quite a while for the tenyear. Take a look at where the dollar stands. Its up against the euro. The euro sitting relatively high at 1. 1119. And gold prices right now look like theyre down slightly, 1,258. 97 an ounce. Dont look now but the Dow Jones Industrial average is getting positive for the year, Oil Moving Higher and maybe people realize that the world is not shh it. Joining us is Research Management director and paul hickey. I hope even got my tongue in cheek. Two months ago, everything was crashing, sell the house, sell the car, the kids, im never coming home. I hope you got that reference as well. What does this rally mean for the stock market . I think weve gotten over a pretty big growth scare. With the markets with spillover effects in u. S. And europe. At the same time, weve come nearly full circle after the correction. Its going to be much more difficult to get further gains. We dont think theres going to be that much growth in terms of earnings per share. And multiple earnings are pretty much fair right now. I love what youre saying stephen, because we have been focused on the fed, the ecb, oil, china. Are you saying that earnings still matter . Earnings do matter. And thats basically whats going to be determining yoe ini mediumterm trends. I do think the more aggressive stance by some of the Central Banks outside of the u. S. Matter as well, as well as the fed will maintain its projections. Paushlgsl, i like to be posi on a monday morning, when you look at the valuation of the market it does not look like expected . Yeah. Its not cheap, so really not cheap, thats pretty doggone expensive. Its pretty doggone expensive. The market by any measure you measure it it above average valuations. Its hard to find a metric where were looking at a cheap market. That doesnt mean the market cant go higher it just means you have sights imminent here. While oil has rallied and thats conducive for the market, the problem is weve come full circle and the fed, thats going to be an issue this week. A month ago, fed hiking was out of the question for the year. There were some measures that even had a greater likelihood than a cut. Now were back to 50 50 in june, and 50 50 in july. Weve seen some uptick. Is there a good thing or bad thing . We want the economy to be improving . Its a counterbalance here. Oil stabilizing it good. Two Biggest Forces at the beginning of the year are now the oil and the fed. The oil has been positive. And the fed has been positive as well. Now when we get to this coming wednesday were going to start focusing on the fed again. Whenever we do see these rate hikes by themselves theyre not necessarily a bad thing. All else equal, its better to have rate where is they are than higher. You know, stephen, its interesting theres a general team that low oil is generally good because gas prices are low and thats going to save the economy. Why is it that oil moving high say are positive . I think what weve seen in these cycles that direct effects of oil prices have been health right away. Youve had the effect on Energy Sector and investments and all on the related industries. Whereas, the positive is something which goes through the consumer. Its been a very tempting reaction. Were still seeing the positive correlation. When does that at 60 is that were no longer cheering it and hoping it goes higher . I think it would help to get more normalized level where is we know in the longer term we can balance the supply and demand. Clearly as that goes, thats not the case. I mean, when you have average right now, were at extremely below average prices. If you get below 60 a barrel, people will start getting worried here. But the benefit of higher oil right now, weve seen stabilization in the high yield market. The high yield was a big worry. This rally unlike the fall rally, weve seen high yields recover to a much greater degree. As oil even if it stays flat here thats better yield for the high yield market. We saw a similar move in the oil markets. Although i will say 38 or 39 bucks a barrel is still really bad news for most oil producers. Its funny to me to see the high yield market stabilize which 38 doesnt matter as much like 33 or 30. Its harder to meet your obligations of 38 for some of these companies. And youve been highlighting in your reports in the last week and such, they need higher prices to maintain their cash flows. But its just not you know, its just not weve got a guest on later that says 50 is coming. That would be better news. Paul and stephen, thank y