Shareholders to sell more than 300 million shares. Oracle profits drop but shares rise after hours after the databased if i recall hikes its dividend by 25 . Welcome to the show. Were just getting some breaking news on 10 cents earnings. Of course this is the chinese internet social media company. It says Market Competition has remained intense over the full year. The net profit has come in at 23. 8 billion rmb versus 15. 5 billion a year ago so a Significant Growth level there. Rev muy was 78. 9 billion cut last year. It was 60. 44 there. Recommended final Dividend Payment has come in at. 3 hong kong dollars. Chinese markets have closed. Tencent up 1. 6 already in todays trade. Over the days its basically flat. Lets take a look at u. S. Futures. It is a big day on wall street. The Federal ReserveMonetary Policy decision will come out at 2 00 p. M. Eastern. The groundwork will be laid as to whether the fed plans to raise rates in the near term. Were looking at u. S. Futures higher across the board despite the sell off in the dow. Dow up 20 points in premarket trades. The po cuss has been on the currency market. Weaker euro expected to have a boost here in europe. Perhaps profit booking given the rallies we have seen the past couple of months. Look at the stoxx 600 vastly out performing it. Right across the screen the dax down about 47 points. Cac 40 the french markets down about 7 points and take a look at the ftse 100 the u. K. Budget unveiled today. The index seeing some green up about 22 points but of course the focus as i said before on the currency market and what that has done to the equity displacement. Thats been most clearly highlighted by the euro dollar. The euro slid significantly and broader Dollar Strength had been the trend of the last pufew weeks. The euro did bounce back earlier in the week and its just above flat again. 1. 06 clearly a lot weaker than it was a couple of weeks ago. We now had a week and a half of the Bond Buying Program and a lot of that pushed the euro weaker. The broader strength has paused for breath. Basically flat after. There was no change in japanese policy today. Just softening a little bit and sterling in focus today. Well get mpc minutes in half an hours time and well get the budget decision at around lunchtime here in london. A lot of focus for sterling which sits today at 1. 47. Lets have a quick look at commodity rates because the oil prices at a six week low. We thought we found a little bit of a bottom of r50 for wti and 60 for brent. It looks like we might test those but 10 for each. 53. 3 for brent. As i said six year lows. Gold is also soft at the moment. Thats around 3 month lows 1147. Back to you. Wilfred the big story of the day will be on the fed. Imf managing director warned emerging markets must be prepared for a rise in u. S. Interest rates saying the move could be a surprise with regards to its pace and tiling. Now speaking in india, lagarde struck a warning over the impact it could have. Just as quickly as its built up can unwind suddenly when such policy is reversed creating as a result significant market volatility. In the past when there have been worries that janet yellen would be more hawkish than dovish we did see volatility in emerging market currencies so these markets are vulnerable to any type of fed rate hike given that we have seen the surge in dollar denominated debt. Theyll be a bit under pressure when we see rates go up but im surprised to see the softness over the last few weeks. They got through that. We had a bit of softness in those currencies back in december because the russian rouble was having issue and we came through that again. Im a little bit surprised but i do think that well see the fed remove the word patient today. Do you, wilfred . Theyre set to raise rates, they want to raise rates by june or september and they dont want that to be a surprise when it comes and the rate rise will be a bigger issue than the removal of the word patient. Theyre happy to take soft term volatility when rates do go up. Many banks forecasting the removal of statements. One yesterday said yellen could take patient out and replace it with a similar word like tolerant. Cautious moderation. Well see what kind of verbage she uses. They might do that. Considerable time came out replaced by patience. Its a seven letter word thats going to move markets today. Its a sensible thing to do. The fed at the situation comes at 2 00 p. M. Eastern along with latest Economic Projections. Thats followed by the News Conference at 2 30 p. M. Cnbc will have full Coverage Today on power lunch. Lets get you a run down of what to watch this trading day. The government reports Weekly Oil Data at 10 30 a. M. That will be interesting. Fed ex reports earnings before the opening bell as does general mills. After the close he we hear from williamssonoma. Lets hook at todays top stories. Oracles 3rd quarter profits fell. Revenue was flat. It would have risen 6 . Revenue for computing and platformer is Services Rose 30 . They try to shift it to the cloud. The company is also boosting its dividend by 25 . Oracle rose clearly reacting to that dividend increase. Its up only 1. 3 today in frankfurt. Its a big day for alibaba as the lockup period expires allowing them to sell about 100 million shares owned by employees barred from selling until the Company Reports earnings in may. Look at the stock. Alibaba shares up about 10 below the opening price on its first day of trading last september although shares are still 24 above the ipo price. Benjamin netanyahus party emerged victorious in the election. He won 30 out of the Seats Available in parliament. His main rival called the Prime Minister to congratulate him on his victory. Lets get to hadley live with all the latest on the story. So a surprise victory for benjamin netanyahu. This was fought on security and Economic Issues as well. He pulled out all the stops in the last 48 hours of the campaign. He said he does not believe in the two state solution Going Forward. He came out saying very inflammatory remarks. You better get out and vote now for me. He was playing to his right wing base and that will play into the coalition in the coming days. Also you have to remember theres outstanding issues not just with the palestinians but Iranian Nuclear decisions as well. It played well here in israel but raised serious questions particularly within the Business Community. I heard privately within several Business Leaders worried about the perception of israel abroad and the isolation and what that could mean for the country thats a start up nation. It has major multinational corporations based here and you have major ipos going to new york. Something like 3. 5 billion of ipos in new york alone. Theyre watching to see if the Prime Ministers policy Going Forward becomes a liability. Thank you for that. We look forward to hear more from you in the next half an hour. Facebook is adding a new feature to its messenger app allowing you to send and receive money from friends. You can link a master or visa card issued to their accounts. The free feature will be rolled out only in the u. S. For now. It was one of the bright spots on the nasdaq yesterday up about 1 but simplifying the payment structure here. This does heighten the competition with paypal. And snap chat that set up their sending money device. Snap cash. One hopes that the cash doesnt disappear once its been sent like the photos but this is a really Interesting Development and facebook has access to so many users. What you do need to do is give them access to your credit card and bank details. That would be a mass i development for them and they would be able to monetize peoples accounts down the line. No longer just for smiley faces and photos. Now payments as well. Its just 50 days until one of the closest u. K. Elections in living memory. Later osbourne will layout his budget but what will the opposition have to say . Well find out after this short break. Building aircraft, the likes of which the world has never seen. This is what we do. Thats the value of performance. Northrop grumman. Welcome back. Global markets in wait and see mode with the fed ex expected to part ways with patience today and alibabas lockup period ends allowing early investors to sell more than 300 million shares. The u. K. Finance minister will deliver the final budget before the country heads to the polls in 50 days time but he says there will be no preelection gimmicks in that budget. Lets get out to westminster with more. Good morning. He might say theres no gimmicks of give aways but this is going to be political grand standing at its most extreme but dont forget we have an election just weeks away and it gives the chancellor an opportunity to talk about the fact that youre going to see the growth in the u. K. Revised upwards from 2. 4 to 2. 7 . Jobs have ill proved a deficit has improved but to discuss what labor might respond to is the im changing your job now. Whats going to happen . Were going to hear the chancellor say the longterm economic plan is working. Hes going to talk about the fact that over the five years in this government unemployment has dpon down from 7. 9 to 5. 7 . Exports are up 15 . The deficit has gone down from 141 billion to 93 billion. Hasnt that plan worked . Lets judge the chancellor by the yardsticks he set himself in 2010. The two fiscal mandates was to eliminate the deficit and get it on a downward trajectory. If you read the autumn forecast and outlook they published at the end of the last year they were very clear for the reason for that which is that peoples wages stagnated. People are earning on average 1,600 pounds less now than in 2010. What i want to see in this budget are pressures that actually help get peoples wages up. Were committing to strengthening the National Minimum wage. Helping employers get to a living wage. You mention exports. The target of the government was to double exports to 1 trillion pounds in value. But also lets be absolutely clear about this. If we end up leaving the European Union as a result of this governments policy and taking us to the exit door thats going to do more to compromise our export capacity than any other thing on the horizon. Youre right. Business doesnt like the prospect of leaving europe. Youre right on exports. It stands at only 500 billion. Its the biggest its ever been as were speaking right now. But does it matter when the cost of government borrowing is so low . You talked about the fact that people arent feeling the growth of the economy in their pocket because wages havent increased but under this government those that earn the least have benefitted from things like the personal allowance increasing. Isnt that a benefit. If you factor in the tax increases, for example, the increase in vat and hike in vat, if you look at the benefit changes that have been made thats more than wiped out any benefit thats come from increasing and lets not forget going to politics to tax people. I have no problem with people making millions of pounds but i think when youre going through it sounds like new labour. Well its labour at the end of the day. Do you prioritize giving tax cuts or do you try to help people at mid and low income. Make sure that work pace and that they have assistance during the tough times and what they have seen is they prioritize helping people doing well actually. Is he a lucky chancellor . Thanks to low inflation. The fact that oil price has gone down . He has a bit of head room here. 6 to 10 billion pounds. What if he rose back on the program and consolidation. Does that take away from the political message that he is going to be able to deliver squusjust weeks away from an election. We know hes planning to deliver around 23 billion pounds which would take us back to levels of spending we havent seen since the 1930s since before the National Health service existed but i dont know if lucky is the word. I prefer failing frankly. Because if we look back to 2010 the words, the criticism we saw for daring to seek the deficit over the course of this parliament which is basically what he has done because he failed to meet the target he set himself. Im not sure lucky is the word id use. Failing. But if he can spend under labor, in 2000 spending fell to 35. 9 of gdp. Maybe he would be at that level. Why would that be a problem . Dont you believe in making sure that your prudent economically and fiscally. Of course you have to be prudent. Im a progressive politician. Ill not a politician of the right and theres nothing progressive in spending more on your debt interest repayments than you spend on housing and transport. The difference between me and George Osborne is we need an enterprising of smart state. I dont think the state is the be all and end all but it has a role to play working in partnership in business but what george embarked upon is a hacking off of different parts of the state. Very much a small state vision he has. If you look at the examples succeeded around the world, germany, singapore, others they have active governors working in partnership and making sure theyre competitive. He wants to take us in a completely different direction. Thank you. Thats the shadow business secretary. Talking about that very different vision that the two parties are providing for britains economic future. Thank you very much for that. Still to come were live in frankfurt as protests turn violent. This is a live shot from the city. All the details on the story coming up in a couple of minutes. Welcome back. Thousands are expected to take to the streets in moscow in support of president Vladimir Putin since the annexation of crimea. They ruled out any discussions on handing the region back to ukraine. Instead in a show of strength russian state tv broadcast exercises taking place across the country this year. Jeff cutmore is live. Set the tone for us. What are you seeing on the ground. Hi, seema, well preparations well underway just over my shoulder here at red square. This is going to be a major set piece event organized by the government. Trying to demonstrate the feeling there is over the annexation of crimea. Its been one year now since the russians took this territory from ukraine and the kremlin continues to insist that the issue of handing it back to ukraine is not on the table and not negotiable at this point but of course as you pointed out both washington and brussels continue to insist that sanctions remain in place as long as russia continues to hold on to crimea. Were expecting thousands to attend this event today and well be here all day just to keep an eye on developments. Back to you. Thank you for that. We look forward to hearing more on the developments throughout the day. Clashes erupted between antiausterity protestors and the police. This ahead of the inauguration of the new ecb headquaters. The rally is expected to attract some 10,000 people. Lets get out live to annetta who joins us from frankfurt. Thank you. Those live pictures which you are seeing are actually not taken from the center of frankfurt but the violent action is concentrated around the new headquater of the European Central bank. The police are saying that several police cars are actually set on fire. They are rubbish bins of course burning and also that demonstrators are throwing stones and of course also theyre using tear gas in special areas to actually combat those demonstrators and make their way through to the ecb. I just spoke to a spokesperson at the ecb that said the area is cleared from demonstrators. Hes not seeing a lot of them. The clashes are are now taking place far away from the European Central bank. That also means that the speech due to happen now in half an hours time will actually take place according to plan. With that back to you. Thank you very much for that. The first pilot to fly around the World Without any fuel has started the second part of his journey. The plane will fly further east via china before heading across the pacific and through the u. S. , europe and north africa. Coming up here on Worldwide Exchange we will be speaking to the pilot live from the cockpit over indian air space. Dont miss that. Well be back in a couple of minutes. Investors widely expecting the central bank to drop the word patience from a statement indicating the first rate hike in a decade is on the way. Benjamin netanyahu is set to become israels longest serving Prime Minister after his party emerging victories in the election. Coalition talks are now underway. Alibaba investors on edge as a lockup period expires allowing institutional stake holders to sell more than 300 million shares. Oracles profits drop as it becomes the latest company to take a hit from the strong u. S. Dollar but shares rise after the firm hikes its dividend by 25 . Now were just having the Monetary PolicyCommittee Minutes following the 5th of march where they were steady at. 5 and kept the asset purchase unchanged. Once again we had a 90 vote at keeping rates where they are at. 5 and there were two members they say that saw the march decision as finally balanced although of course we have seen the result being 90. Theyre saying also that theres the potential to prolong the period for which inflation would remain below the target. Thats why rates were kept on hold at. 5. As youre seeing the sterling dollar 14688. Up about. 4 . Lets get you a picture of the jobs of the labor market i should say. Britains Unemployment Rate was stable at 5. 7 matching its lowest level in almost 7 years but above a forecast to another follow to 5. 6 . So a better than expected jobs picture but we should point out that the pace of growth in british workers pace slowed in january hit by fewer bonus payments while a percentage rose to an all tim