Worldwide exchange begins right now. A very good morning, and a warm welcome to Worldwide Exchange on cnbc. Im wilfred frost, joined society by seema mody sitting in for sara eisen. Excited to be here. Lets get to u. S. Futures, of course following last week six weeks out of seven, s p and the dow finishing at their highest point for the year thus far. Theyre expected to extend the gains but only b 3 points dow b nasdaq by 12. Lets have a look at the u. S. Tenyears. Quite a bit of movement on friday as that nfp number came out 1. 6 . Much higher than the low. Its highlighting the level of input that janet yellen and the fed has had on the recent equity market rally. Absolutely. That u. S. Jobs report impacting Global Market sentiment as well. If you take a look at european markets this morning, a mixed day of trade thats slightly higher coming off the lows of the session. German dax,. 3 . Telecom is the worst performing sector in europe this morning. If you take a look at asia, japanese stocks and the focus down. 25 . The Chinese Market is closed today for a Public Holiday. Keep in mind, china now manufacturing pmi data. Do you know what the Public Holiday is in china . No. Tombstone sweeping day. What is that . I dont know. The market is closed. Hong kong closed as well, as well as taiwan. The broader markets, oil prices they are slipping a little bit. Keep in mind, we have been pretty resilient. Staying below, 36. 7, perhaps this could spark a wider sale. Only a. 6 decline. But we are moving away from the 40 level. Lets have a look at the dollar as well. Not too much happening there today. Relatively muted. But weve got a bit of a move against the euros. You can see 11373. And the aussie dollar off. The biggest move. The dollar backed off against the uyan. Investors have been really transfixed by the move in shiny yellow metal is it a byproduct or signs of a riskier market . Absolutely. I think youve got to take that with the stock rally that we have, the bounceback in stocks to see its not just unreserved its unreserved risk on sentiment because weve seen the move up in gold as well. As i mentioned earlier, the u. S. Treasury move highlighting the fact that the fed is at play here. Its not really reacting to positive data. Yes, weve had a bounceback, yes week at highs, all time for the year, dow and s p closing at the highest point on friday. Absolutely, still remarkable rebound in the u. S. Equity markets. And Economic Data this week will be in focus. A slow week today, look for february factory orders at 10 00 a. M. Eastern tuesday. Its the february trade deficit and march ides index. On thursday, its about weekly jobless claims. Among todays top stories an anonymous leak of 11 million documents from a panamabased law firm. The firm specializes on shell firms. Findings were led by the National Society of investigative journalists. The socalled Panama Papers are four decades worth of money havens. Current world leaders, politician, sports stars and other celebrities are named in the documents. They detail a 1 billion Money Laundering ring run by russianbacked tied to associates of vladimir putin. And it Shows Companies in egypt, libyas former leader gadhafi and bashar al assad. Now, deals you need to keep an eye on, alaska air is reportedly marrying an agreement to buy Virgin America by 2 billion beating out a deal by jetblue airways. An announcement could come as early as today. Virgin america which has had a great run over the past two weeks on this buyout speculation up by about 31 . You can see if this comes together. Tesla has orders for its lower priced model 3 electric sedan. 270,000 in the first 36 hours. If each car is actually delivered that would mean more than 10 billion in revenue for tesla up 3 in premarket trade. Update in the proposed mergers between staples sand office depot. Staples has offered to freeze prices for three years. Time inc. Is considered to take on the private ector firm yahoo and time looks to boost its digital business. A macao court has ruled that a former Business Partner can seek billions of dollars for break the deal of their partnership. And executives at halliburton are making a last itch effort to save the bake hughr hughes deal. Theyre close to blocking the merger. And sunedison prepared to file for bankruptcy protection soon, according to wall street journal. A loan for fund its operations while it seeks chapter 11 protection, this sums as sunedison is buried in debt due to an aggressive acquisition strategy. Ting worse for bill ackman, the billionaire investor lost 7 last now. It continues to tumble after cutting its financial forecast. Also said it could face a default if it fail as to file its annual report. That leaves square to a 24 loss for the year according to reports. Coming up on Worldwide Exchange a live report from europe where a new week of trading is officially under way. First, wed like to hear from you, our twitter and facebook question this morning, donald trump says he sees the u. S. Head for a very massive recession. Do you agree . Stay tuned. Youre watching Worldwide Exchange. Millions look to you for advice. I know. I cant believe it. I am learning to analyze social media to spot trends and predict demand. Sounds like you spend a lot of time online . I constantly absorb online content to follow shifts in pop culture. So. Youre learning to think like a teenager . Yes. How am i doing . Well. Uh. Great time for a shiny floor wax, no . Yes. How am i doing . Not if you just put the finishing touches on your latest masterpiece. Timings important. Comcast business knows that. Thats why you can schedule an installation at a time that works for you. Even late at night, or on the weekend, if thats what you need. Because you have enough to worry about. I did not see that coming. Dont deal with disruptions. Get Better Internet installed on your schedule. Comcast business. Built for business. Welcome back to Worldwide Exchange. A very good morning to you. Lets get you up to speed on the markets. U. S. Futures or on the gain. A gain of 1. 1 . The dow expected to open by about 25 points of course this follows a nice finish on wall street on friday, after the jobs numbers was taken positively. Weve ended the s p at the highest point for the year. Lets look in on oil prices because a different signal coming in from there. Slightly bearish. Again, slight declines. 36. 5 for wti. Were pulling away from that 40 level. Weve been resilient in the 37s, 39s in the last few weeks. Seema. Now to the early trading picture in europe, were joined by Louisa Bojesen joining us live from london. Louisa, it is great to see you. Get us up to speed. What should we be watching in europe today . Good morning. Good morning. Were flattish to a little bit higher as seen behind me on this lovely markets map. The ftse hanging on to slight gains. Having bucked the trend early on. The cac on and one of the biggest stories have to do with 11 million stret files that have been leaked how basically rich people how they find tax havens. Theres a lot of controversy surrounding this particular report, whether its on the report that the law firm saying they havent done anything wrong. Theyre helping people to find the loopholes and you need to look closer at the overall taxing system, if you want to, to make sure rules change in the longer term. Thats the bigger story out there. Apart from that, one of the bigger issues were looking at with sectors has to do with the telecom sector. This particular sector off shy of 1 . Underperforming because we had a very big deal fall through. Tieup talks between orange and bouygues in france have collapsed. Telecom shares in paris and elsewhere sharply lower. Orange have been looking to buy their french rival for 10 billion euros. And groups like india they would have taken on some of bouygues assets. Theyve been suffering heavily as well. You see here on the screen, were down somewhere in the region of 14 for a number of players. Orange speaking to an analyst said theres still a lot of value to be found in this particular stock. Thats why were seeing it trading a little bit less down where the others are. Guys, back to you. Louisa, thank you for that. Deutsche bank is fall to third from fifth. Citigroup and bank of america are ahead of the german bang. Jpmorgan and Goldman Sachs kept their first and second positions with the trading and euro in particular taking ahit on Deutsche Bank members. Now, in anticipation of a potential brexit, big british firms are delaying deals. Another finding from the same survey, two Financial Officers are in favor of staying in the european union. The survey also reporting that the june 23rd referendum representing the single biggest concern for businesses. Seems like theres growing momentum behind those who say we could potentially want to leave the eu. I think the latest polls show the exit poll show gained a bit of ground. And its some of the issues that cfos currently pointing to that makes people unsure. June 23rd is the day to watch. Greece has begun its new Controversial Program to return migrants back to turkey. The first group of 130 people were sent back across the aegean sea today. Its to put a halt to the crisis thats putting increasing strains on europe. An agreement, the eu will back turkey once the claims have been processed. That will be an important story to continue to watch, not just for humanitarian reasons but very much linked as well. Focusing on grease, imf chief Christine Lagarde is denying that it would push greece closer to default. In a letter to the prime minister, la guard says debt talks should continue despite damage of reports of a leaked transcript of a meeting of imf officials. That report by wikileaks suggested that imf would threaten to leave the bailout to offer more debt relief. The migrant crisis, as you just point out, Political Uncertainty in britain and now add to that, greece back into the spotlight. But its a good point to bring up, all of those scandals not scandals, issues continuing. Right. Of course, we have u. S. Forces ending at the highest of the year late last week. Big bounceback in the second half. Europe is down sharply. Stoxx 50 over three months, down 9 . The dax is down about 4 . France is down 6 . Over the last three months they havent enjoyed as strong a bounce as u. S. Equitier ises. And also the strengthening also of the euro which of course is welcomed to the multinationals that rely on that. Still to come on Worldwide Exchange headlines from the campaign trail. Tomorrow is key, wisconsin primary including why donald trump is predicting a massive recession, his quote. Heres the National Forecast from the weather channels kelly crass. Good morning, sara and wilfred. A messy system work into the northeast. Some of you are going to see snow. Weve got winter visors for portions of upstate new york. For new york city. Its going to be a rain event for you, temperatures around 53 degrees. Chicago, a little chilly, cloudy skies. 36 degrees, beautiful weather, though, if youre in spring break across the south, gorgeous conditions with the sunshine around and texas and the southwest as well. Were monitoring another system coming into the pacific northwest. Thats giving you guys in seattle and portland a good chance of rain. Really warm temperatures across the south. 76 degrees in atlanta. If only the pollen count could be lower, it would be a pictureperfect day. Thats a look at your national weather. Welcome back to Worldwide Exchange, everyone. If youre just waking up lets get you up to speed on the markets u. S. Equities higher in trade. Thanks to remarks by janet yellen, also that stronger jobs support. Dow indicating up by 35 points. Nasdaq by 15. The weaker dollar a big part of the rally that weve been seeing in u. S. Stocks. Hoping the multinationals doing business overseas. Were looking at the dollar slightly lower across the japanese yen. The euro has been in focus, 1. 13. As we take a look at oil prices, that of course has been part of the sorry. Oil prices seen as a boost for u. S. Stocks. Its instead dill at 36. 58. Wti crude, ice brent at 38. Wilfy. Politics, the president ial candidates on the trail, on the last full day before the wisconsin primary. Edward lawrence joins us live from washington with latest edward. Good morning, wilfred and sara. Senator ted cruz leading donald trump 43 to 37 . With Governor John Kasich coming in third. On the democratic side, senator Bernie Sanders is holding on to a twopoint lead over Hillary Clinton. Bless you reporter most of the candidates spent the weekend trying to convince voters in wisconsin to choose them. Ill have the three cheese omelet. Reporter donald trump is at a milwaukee diner. We have a big surprise for you. Reporter before going back to the issues on a town hall on a fox news channel, trump says hes the only candidate who can make good deals for the country. Theres total gridlock in washington. We have a president who has no control over his own party, let alone the republicans. Reporter the republicans winning the polls in wisconsin at the moment. Senator ted cruz who says nominating trump would put Hillary Clinton in the white house. Nominating donald trump would be a train wreck. And thats not fair to train wrecks. Reporter for the democrats, Hillary Clinton held events in new york. So senator Bernie Sanders in wisconsin set his sights on trump. You are looking at the strongest democratic candidate. Reporter sanders says only he can win the general election for the democrats. And it is the last push to try and get wisconsin voters to give the 42 republican delegates a and 96 democratic delegates to them respectively. Back to you, wilfred. Edward, thank you for that. Among the headlines, donald trump with an interview with the Washington Post saying u. S. Conditions so perilous that the u. S. Is head for a, quote, very massive recession. He said its a terrible time to invest in the stock market. Trump says if hes elected he plans to eliminate the nations more than 19 trillion dollars of debt in eight years. And its close, of course, to our hearts, have to wait to see if he gets traction off the back of that. Its pretty clear that were headed to a recession. Please tweet us on that. In other political news, the trump and cruz campaigns are reportedly working to prevent john kasich from appearing on the ballot at the National Republican convention this summer. If no one wins the nomination during the primary process, delegates choose from candidates on the convention ballot. Msnbc reports that aides will continue to keep him off the ballot. On the democratic side, hillar Hillary Clinton knocking down reports that she and her group could be investigated by the fbi. Has the fbi reached out yet to you for an interview . No, they havent. You know, back in august, we made clear that im happy to answer any questions that anybody might have. And i stand by that. During the meet the press interview, clinton reiterated that the choice to use her email was a mistake. In other news, the acclaimed americanindian historian joseph medicine crow died at the age of 102. Crow was awarded the president ial medal of freedom in 2009 and served as the tribes historian. An amtrak train headed to new york on Construction Equipment near philadelphia killing two track workers and wounding more than 30 passengers. Amtrak said it will run regularly scheduled trains today. However there may be some delays on services between philadelphia and wilmington, delaware. More flight are arriving on time and fewer bags are being lost but consumers are still unhappy. A recent quality rating found that in 2015, the public complained at a rate not seen in 15 years. The number one source of traveler frustration, cancellations and delays. Even though the number of passengers who were dumped off due to oversold flights were down 20 . And overbooks, people get bumped off of flights. Its happened to me in new york as well. Sports news. A study by ap found a major saturday risen 4. 4 to merely 4. 3 million. With the world series, the Kansas City Royals versus the new york mets. Raising the World Championship banner. The game came down to the ninth inning. Royals to end it. Royals wins 53. Lets switch to College Hoops and the womens final four, uconn taking on oregon state in one match one. The huskies dominate winning easily 80vin. Uconn remains perfect on the season and will go for their fourth straight title tuesday night. Now syracuse taking on washington in the other final four matchup. The mens team lost to North Carolina on saturday. The women wouldnt follow suit. The orange beat the huskies 8059 to advance to the first title game ever. I just want to point out, washington, oregon, where i grew up. Abby wambach is apologizing to her friends, family and fans for being arrested for driving under the influence on sunday. She retired as the leading goal scorer. One of her sponsors, mini usa has pulled ads. Tiger woods will be in augusta, georgia this week, but he wont be playing in the masters. Woods officially ruling himself out of the first major tournament of the season as he recovers from back surgery. Tiger says he still plans to attend tuesdays champions dinner. All right. Coming up, this mornings top stories, joe lavorgna will join us with a pep talk. Youre watching cnbc, first in business worldwide. My dad gave me those shares, you know. He ran that company. I get it. But you know i think you own too much. Gotta manage your risk. And youve gotta switch to decaf. An ho