Good morning. Welcome to Worldwide Exchange on cnbc. The dow, s p and nasdaq on threeweek winning streaks for the first time this year. It was a broad based rally with all s p sectors ending higher. Lets check in on u. S. Futures right now. Will that strong start to march continue . It looks like it wont today. Nothing too significant. The dow expected to open down by 60 points to 70 points. The s p by 10. The nasdaq by about 25 points. We will get much more on the markets in a minute. We also want to talk about politics. Theres plenty here in the political world to catch you up on over the weekend. In michigan, democratic president ial hopefuls, Hillary Clinton and bernie sanders, traded shots over everything from trade to the auto bailout to the flint water crisis. On the republican side, donald trump turned in weekend wins in louisiana and kentucky. But the wig wbig wins in kansas maine went to ted cruz. Much more on the race for the white house in 20 minutes. People inside and outside the world of politics are remembering nancy reagan. The former first lady died at her Los Angeles Area home yesterday at the age of 94. As first lady, mrs. Reagan was known for her extravagant style and her just say no to drugs campaign. She stood by her husbands side after he was shot in an assassination attempt and during his long battle with alzheimers disease. Well have more on her legacy on a bit. Now the overnight market activity. The yuan easing against the dollar today. The pboc setting the mid point rate within the firmest fixing in two months. Chinas annual Parliament Session is going through march 12th. The currency has been stable over the last few weeks. Among the headlines out of the meetings, the countrys economy is not heading for a hard landing is not dragging on the global economy. Also acknowledging risks, though. China set a growth target of 6. 5 to 7 for the year. Lets show you how the major markets in asia reacted. The nikkei closed lower. Lower in hong kong. The shanghai composite was up 0. 85 . It, too, has had a nice rebound over the last few days. It has. That announcement that we will not have a hard landing initially sparked a lot more positive to the markets than we had at the close. Australia the first to open us with up sharply. It did finish up 1 . The Mining Sector thats been beaten up linked to china, that was up strongly. By the time the markets closed, less positivity on that statement. We are seeing some red on the screens in europe following stroke performance over the past couple of weeks, particularly at the start of last week. Seeing a bit of a correction today. A correction which has increased during the last hour or so. The dax was down a half percent, now down 1 . A bit of negativity to speak of in europe. Lets show you the rest of the Broader Market action. 10year treasury note yield saw a move up to 1. 9. We have not seen that since earlier in the year. Selling bonds as the mood improves across global markets. As for the dollar, finished lower for last week. And it is a little bit higher against the euro. It is weaker against the yen. Potentially why you saw the selloff on the nikkei on that stronger yen. Pound under a bit of pressure, down a half percent against the u. S. Dollar. The euro in the shortterm last week managing to bounce back a little. It was down to the 108 handle, now back at 109. Yes, we approached ecb and expect more easing, just a bit of movement there to take note of. Gold continuing its strong start to the year, 1 t. 268. Oil prices, weve had a couple strong weeks. The question for the u. S. Market is now that the s p has had this big move higher and is barely negative for the year, the first threeweek winning streak of 2016, can the data continue to point to improvement and away from the bears . This would suggest the selloff to start the year was overblown. But then does it play into possibility of a rate hike, which is one of the factors that spooked everybody . Its got to be good but not too good. Which was too good on friday. Thats the kinds of jobs report we got, 242 is better jobs, but wage dip dropped slower. Oil has stabilized as well. Thats been a big part of the story. Speaking of oil prices, it could cost you more to fill up your tanks this week. Landon dowdy has those numbers. The latest lundberg study is out, the average price of gasoline jumped 7 cents over the past two weeks to 1. 84 a gallon due to growing demand and higher oil prices. Despite the increase, the price is 70 cents cheaper than a year ago. At los angeles, its still 2. 71 a gallon. In tucson, arizona its 1. 33 a gallon. Either way, the prices are so much lower than they are in europe. You guys have it lucky. And so much lower than a year or two ago. But theres no tax on it. We get taxed through the nose on guzzling fuel. In corporate news, Seagate Technology has been hit by hackers. A phishing email scam forcing the Data Storage Firm to disclose Employee Data including tax information, salaries and even Social Security numbers. In a statement seagate telling cnbc data for all current and former workers was sent to an Unauthorized Third Party last week. It doesnt believe the information has been misused but notified the irs. The company is offering employees two years of Identity Theft protection. Stocks to watch, Starboard Value pushing for change at yahoo is looking to gain control of yahoo s board. Yahoo down a half percent. United airlines announcing its president and ceo will return to the position full time, he suffered a heart attack and has been on medical leave. A filing revealing that carl icahn has trimmed his position in mental graphics, he owns 5. 5 of the shares. And British American tobacco may be eyeing a takeover of reynolds america. Monsanto threatening to pull Cotton Technology from india. And Marvell Technology group reportedly opened to selling itself. Avago technologies is mentioned as a potential buyer. Coming up, a live report from beijing where chinese leaders are gathering to talk about the economy and much more. But todays business birthday, sending best wishes to our friend, art cashin, who turns 75 years old today. Youll see art throughout cnbc today, including on squawk on the street. You always see him weighing in on the markets and economy. He is the director of floor operations for ubs. He began his career in 1959 and became a member of the nyse at 1964 at age 23. Are just wak if you are just up, art a particularly good morning to you. Opportunities. Up, art a particularly good morning to you. Are if you are , art a particularly good morning to you. And drive forward with broader possibilities. Cme group how the world advances. When youre on hold, your business is on hold. Thats why comcast business doesnt leave you there. When you call, a Small Business expert will answer you in about 30 seconds. No annoying hold music. Just a real person, real fast. Whenever you need them. Great, thats what i said. So your business can get back to business. Sounds like my rides ready. Dont get stuck on hold. Reach an expert fast. Comcast business. Built for business. Welcome back. If youre just waking up, a strong week last week for u. S. Equities, were just going to see a bit of profit taking this morning. We are expecting the dow to open down by about 65 points. The s p by 10 points. Seeing a similar bit of profit taking, more pronounced in european trade. Down a half percent an hour ago, now closer down to 1 . The dax down about 1 . The ftse and cac down about three quarters of 1 . March, though, a strong start for equities globally. Chinas annual Parliament Meeting is in session through march 12th. They are lowering the growth target from 6. 5 to 7 . Eunice yoon has more of the highlights from the weekend. Good morning. Reporter good morning, sara. The government acknowledged the concerns about the economy and the continued slowdown in growth. Over the weekend the chinese premiere unveiled the annual work report. He said in it authorities decided to lower the growth target from a range of 6. 5 to 7 . That acknowledgment has been taken as a positive but many economists are still concerned that the policymakers will struggle to reach growth at those levels. At the same time, all day today and over the weekend the policymakers have been expressing confidence that china will avoid a hard landing. The central bank today said they did believe they will continue to see crossburner capital flows, at the same time they say theyre manageable. The finance minister addressing an important issue facing the economy, rising debt. The finance minister said they believe they would see more bad loans as the economy restructured, however they also believed those bad loans are under control. They also said there will be more room for fiscal stimulus, and that the fiscal deficit will rise to 3 of gdp from last years 2. 4 . Thank you very much for that, eunice. When we look at the change in sentiment in International Markets towards china over the last couple of weeks, its the most Stark Development in markets, not just the recovery in u. S. Sentiment, but think how negative things were back in january with china now if we look at currency, the asian market, everything has come back. Copper, dr. Copper the barometer of the economy, it jumped 7 last week. The best week since 2011. Copper would not be doing that if there were these deep, deep concerns about a hard landing in china maybe the communication is helping. To bring it back, i dont know how orb if if we solved a the issues. Yes, the leadership has espoused confidence in terms of growth and the currency, but all those fears we had in january are still present. Yet markets have recovered. Something worth bearing in mind. When we come back, just when you thought the race for the white house couldnt be more interesting. Big weekend wins for ted cruz and a fiery debate between Hillary Clinton and bernie sanders. As we head to break, here is todays forecast from the weather channel. Good morning. We will see a big warmup over the eastern half of the country. New york city pushing 60 degrees today. Yes, a bit of a wintry mix in far upstate new york and new england, otherwise the sun is out across much of the south. 69 in atlanta. Severe storms across oklahoma and texas, including dallas with the High Temperature in the low 70s. After an active weekend in the west, we see more rain in california, there could be issues with mud slides and flooding. That snow will pile up across the higher elevations. 55 in denver. 73 in dallas. 57 degrees in chicago. That is a look at your national weather. A dramatic transformationr without the need for fillers. Your concert tee might show your age. Your skin never will. Olay regenerist. Olay. Ageless. And try regenerist microsculpting eyeswirl. It instantly hydrates to plump and lift. Good morning. Welcome to Worldwide Exchange. After a strong week, three weeks of gains for the s p 500, were giving some back this morning. Dow futures under pressure, down 82 points. S p 500 down 12. Nasdaq futures down 29. The context is that we have been seeing a rebound in markets from the february lows. The s p up about 10 . Half the sectors including energy are in the green for 2016. Wti having another good week. Closing above 35 a barrel last week. Today the gains continue. 36. 53. We are above 36 a barrel on brent, marching towards 40 a barrel. Nat gas continues to be under pressure. The euro is weakening ahead of draghi later this week, thats considered a highlight of the week. On thursday expected to ease further, the euro is deline icl. Dollar under pressure against the japanese yen. Something to watch. The british pound is getting hit again. A Mario Draghi Press Conference is always the highlight of the week. True. I look forward to that on thursday. Nancy reagan is being remembered today for her strength, her intelligence and as a woman who changed the role of the first lady. Across the country, nancy reagan was honored and remembered. President and mrs. Obama said they are fortunate to benefit from her proud example and said the former first lady redefined the role in her time here. Biographer lou cannon said as first lady she protected president reagan. She wanted to make sure people who were around her husband were advancing his agenda and not their own. She was outspoken about it. Privately very much so. Publicly, too. And that way i think she played an Important Role in the reagan administration. Reporter at the democratic president ial debate in flint, michigan, a moment of silence. On the campaign trail, republican president ial hopeful john kasich who served in congress during the reagan years, paid tribute to mrs. Reagan. She was an incredible lady. Very strong. A total class act. Reporter florida senator marco rubio fondly recalled meeting the former first lady. I had been invited to speak at the reagan library, which was an incredible honor to me. I am a child of the reagan revolution. Reporter in southern california, mourners brought flowers to the reagan library. Its like the end of an era. Reporter mrs. Reagan will be buried at the library next to her husband. And meantime the race for the white house is heating up. After a busy weekend, this morning the president ial candidates are focused on the next primary, tomorrow, in michigan. Tracie potts is life in washington with a preview of what the numbers are looking like in this battleground state of michigan. We have new polling in michigan. The maris poll giving us a look at democrats and republicans. Republicans, many of them have turned their focus on florida, whose primary is next week. First the stop in the midwest with michigan where the voters are focused on water and jobs. I voted to save the auto i industry. He voted against the money that ended up saving the auto industry. Reporter auto, jobs and the flint water crisis big topics in tomorrows michigan primary. People are not paying a water bill for poisoned water. Reporter both democrats want michigans governor to resign. Our poll shows Hillary Clinton with a 17point lead there, and far ahead in the delegate count after last weekend. Donald trumps topping polls in michigan. Hes already targeting florida, marco rubios homestate. Rubio won puerto rico this weekend. I won 70 of the weekend. Reporter but is trailing back home. Ted cruz is closing in on delegates and says he does not want a contested convention. Youve got to unite. Thats what were seeing happening. Reporter trump thinks republicans will unite behind him. Im a unifier, very much a unifier. Reporter the next test, tomorrow, in michigan. We also have mississippi, idaho and hawaii voting tomorrow along with michigan. How significant is it some of those victories that ted cruz got over the weekend . What is unseated the momentum behind trump . No, but it certainly shows that ted cruz is closing in on donald trump in the allimportant delegate count. If ted cruz upsets and wins florida, if he wins a significant number of states, there are only about 87 delegates exactly 87 delegates apart right now. So its not the runaway train that we had decision describing with donald trump when it comes down to the delegate count. That, in the end, is important for this nomination. What will also be important is ohio and im interested in it, not just because its my homestate, but governor kasich thinks he has a chance to change the course of his fortunes in this race. And ohio usually does decide the president ial election. How is that looking . Hes not leading in ohio in the average of the latest polls, but is certainly close enough to where analysts think he has a chance to win. That even winning ohio and all of those delegates wont necessarily bump john kasich up to competition with donald trump. What it will do is siphon off votes from donald trump, make it more difficult for him to get the votes he needs before the convention. In other words, if kasich wins ohio and if rubio wins florida, it looks like more and more we may be going into a contested convention, thats where john kasich could have more of an opportunity. Lots to watch still this week. Thank you for joining. In sports, Peyton Manning has decided to call it quits. Fresh offer the super bowl win with the broncos, manning will announce hes retiring today. Drafted number one by the colts in 1998, manning is a fivetime nfl mvp, a twotime super bowl winner and leaves as the alltime leader in passing yards and touchdowns. To golf, for the second straight weekend, adam scott comes out on top on the pga tour. The australian knocking it in on the 18th hole for the win at the wgc cadillac championship. And the world famous iditarod dog sled race kicked off on sunday in alaska. Iditarod. Its a cultural phenomenon. Never heard of that before. That took off over the weekend. Yep. From one hotly contested sport to another, here is something that you might recognize from your country. A french and american Couple Holding on to that title in great britains annual wifeshpc. I never heard of this couples race over a hilly 400yard course featuring articles like a splash zone. Some women carry men, there are some same sex pairings. Look at that. The person being carried must weigh at least 110 pounds. The winner set a uk record, sun minute and 40 seconds. The prize, a barrel of beer. I think you can see by the number of people in the picture that this is not a global sport, despite the billing we get. But the video is so good. Its a shame im not doing that around the studio right now. We would have a real shot at this. Moviegoers flocked to z zootopia this weekend. The animated movie which stars Jennifer Goodwin as rabbit who joins the police force took in nearly 74 million in the u. S. And canada. Thats a record debut for disneys animation division. Zootopia has already grossed nearly 160 million overseas. Action thriller london has fallen came in second opening with just 21. 7 million. Did you hear president obama will be paying tribute to charlie brown, snoopy and the rest of the peanuts gang. He has written the forward for the 25th volume of the complete pea nuts, the latest in the series preprinting of the iconic comic book