Me as well. Lets have a look at u. S. Equity futures at this hour. Decent day yesterday around about 1 in gains for the main markets sparked by big gains for oil prices. Were looking at gains once again today. Almost triple digit for the dow. 85 points in the green are u. S. Dow futures. The s p called higher by 11 points. The nasdaq by 32 points. Lets have a look at the yield on the ten year. Weve come away from that 1. 7 level we hit last thursday. Were close to 1. 8 . So risk sentiment has just improved over the last week or so. 1. 781 on the u. S. Ten year this morning. Now, Bank Earnings are likely to set the tone for the trading day. Jpmorgan set to post results shortly. The financial giant expected to report earnings of around 1. 26 per share on revenue of 23. 4 billion. This will be the banks first yearoveryear earnings decline in five quarters. Shares of jpmorgan since the start of 2016 up there for you now they are down 10 . Just over 10 . Theyre flat in premarket pretty much ahead of these results. Been a rough year for financials overall. The question is, are the fears justified, and are they baked into these valuations already . I think Capital Markets are going to be down. All of the banks have guided clearly on that. Within that segment, people will be focusing on whether theyve been able to manage expensies t offset those declines. Theres other news on financials this morning. U. S. Regulators are expected to reject the socalled living wills of at least half of the nations systemically important bangs, including jpmorgan. A decision could force the banks to change their plans for dealing with a potential bankruptcy. Meantime, in a report yesterday, the nonpartisan Government Accountability office, or gao, criticized the regulators, saying big banks dont have enough information on living wills that are being judged. So well wait for word from that and whether it could result in yet again higher capital ratios and rules and more regulations. Its not United States as big an impact as june, but certainly something to keep an eye on. Lets check on the global markets. This morning the shanghai composite rising as china trade data beat expectations. Significant gains across the board. It is worth pointing out that whilst the export data was better, there was probably a currency impact there. The likes of the yen and euro much stronger. I think Oil Price Gains late yesterday having a big impact on markets in asia today. 3 gains for hong kong. 1. 4 for shanghai. A longer term chart of the nikkei showing its up the most in a week and a half as exporters gained on a weaker yen. The yen of course slightly changing its tune in the last few trading days. Early european trade for you there, following suits of asia, germany up around 2 . Commodity names, energy names all leading the charge, as you would expect after that strong gain in oil yesterday. In fact, global stocks are near the highs of 2016 overnight. Were also watching cloud ahead of that producer meeting on sunday. Among the latest headlines, iran reportedly will not send its oil minister to the gathering. Only a government representative. And saudi arabias oil minister ruling out a production cut, reconfirming his countrys position in an interview today. Also, pressuring prices. Data yesterday showing a larger than expected build in crude oil stocks could come. Wti crude is giving back about 1. 3 . Though, this comes on top of a 13 rally in a matter of days. Wti is still over that 41 a barrel mark on this idea that into the weekend we could see this production freeze. And we hit the highest level of the year for wti yesterday. Not a surprise to see a little bit of a pullback today. Lets have a look at broader markets. The dollar is, in fact, having a stronger day today. So not the same kind of move as weve seen for the last few weeks. The dollar is gaining, up half a percent against the yen. Up about 0. 4 against the euro. Quick look at gold as well. Currently trading at 12. 47. Its off 1 today. Jeffrey gundlach says its looking more and more like the fed rate cycle is a one and done this year. He says the fed should be cautious because of the, quote, gentle downward path of nominal gdp. He says yellen has already been talking conservatively about rates because its an Election Year in the u. S. He says the s p will struggle and trade sideways this year because earnings will continue to be downgraded. Not dissimilar to what he said in the past, which is that the fed has made a mistake by raising rates in december and should be cautious and slow and should not raise into an earnings recession and a manufacturing recession. His comments have been backed up generally by the caution weve heard with janet yellen. But nobody at the fed is talking about a one and done. Theyre talking about gradual Interest Rate rises. We got lots of fed commentary yesterday as well. Richmond fed president jeff lacquer says the central bank will likely have to raise Interest Rates around four times this year. That matches the feds original prediction in december. And on that note, its a very busy day for economical dar. Starting with march retail sells. It comes out at 8 30 a. M. Eastern time. Sales are expected to be flat after dipping slightly in february. Also at 8 30, well get march Producer Price index. Headline ppi expected to rebound, up 0. 3 . Well see that ma means for inflation. We did see a decline the previous month. At 10 00 a. M. , look for february business inventories. Then feds monthly beige book. Always one of my favorites at 2 00 p. M. You get snapshots from the regional economies. All sorts of color and commentary. Look at that. You really are excited about it. More so than the imf numbers yesterday and the conference. No, the imf Global Economic outlook is the best read. Thats a must read. But also i love the beige book. Very good. So lots of things to look out for today. In corporate news, nearly 40,000 verizon workers from massachusetts to virginia are set to walk off the job and strike at 6 00 a. M. Eastern time. The unions workers in the wireline operations, which includes land lines and Internet Service have been working without a contract since august. Verizon says its been training thousands of nonunion employees to fill in for those who walk out. Got a few stocks for you to watch today. The firm Starboard Value upping its stake in depomed to 9. 2 now. Starboard said it intends to nominate a slate of candidates to the board to shake things up at the firm. Mccormick walking away from its takeover proposal for the British Food Company premier foods. The american spice maker saying it decided it would not be able to propose a price that would be approved by premiers board while also delivering for its own shareholders. That means were not going to get what was that food . Mr. Kiplings exceedingly good cakes. Damn. Indeed. Some more stocks to watch. An Investor Group says they offered to buy the chip maker integrated device technology, but some doubts have been raised by the legitimacy of the offer. In the s. E. C. Filing, one of the investors listed his address as what appears to be an empty warehouse in oregon. Tesco reporting First Quarter sales growth for the first time in three years. Still, britains biggest retailer is warning it continues to battle a price wall, which could continue to pressure profits. A california judge is backing the charter Time Warner Cable deal but with some condition. Some of the stipulations including converting households and upping speeds. Out with the old and in with the new. Amazon Ceo Jeff Bezos is betting on the new kindle to be the next moneymaker for the tech company, and heres what we know about the ereader ahead of the announcement at 9 00 a. M. Eastern. In fact, landon dowdy is going to tell us what we know about the new kindle. Hey, morning. In fact, jeff bezos teased the new kindle for this week, but alibabas site leaked images. Heres what we learned before the spoiler was quickly taken down. This is the new kindle. The price tag, 290, which is nearly double the price of the kindle paperwhite. It has a bezel on the left side, or the right, behindidepending you like to hold it. Its the lightest kindle, weighing less than half a pound. It also has a Rechargeable Battery case. However, theres no sign of it being waterproof or water resistant, something customers have wanted for years, to enable worry free reading by the beach or pool. Its set to ship in the coming weeks. Back over to you. That does sound useful, Rechargeable Battery. It does, but i never got into using a kindle. I like the hard copy. Ipad guy . Well, ipad ahead of a kindle. Hes old fashioned. I want to feel it so i know im making way through the book. I also make notes and fold pages down so you can come back to them in the future. Particularly if its an interesting book. Thats how i read the beige book. Thank you, landon. Speaking of jeff bezos, the billionaire race to space is heating up president amazon founder, elon musk, and Richard Branson are among the names working on commercialization travel beyond the earth. Bezos talked about his rocket yesterday. Heres what he said. I want to go into space, but i want to do it in blue origin vehicles. Even though i want to go into space and i am very as kind of a personal thing id like to do that, its not whats important to me. Whats important to me is lowering the cost of access to space. There can be many winners, even hundreds and thousands of companies in a truly great industry. I think thats what were headed toward here. So from my point of view, the more the merrier. I want Virgin Galactic to succeed. I want spacex to succeed. I want unite d launch alliance o succeed. And of course i want blue origin to succeed. I think they all can. On the competition there. Bezos says the biggest hurdle right now include the cost of space travel and the lack of practice. Almost looked like he was in space in that shot. It did. And if hes watching, if you can please arrange on the new kindle oasis for the beige book to come out on it. Which is not actually a book. I know, but, you know, im sure he can manage to get the release and the data. Im sure hes watching a the 2 00 a. M. In seattle. He might. Right. Still to come here on Worldwide Exchange, your trade of the day. Plus, tech billionaire sean parker announces hes giving away 250 million. Well tell you where and why. But first, it was on this day in 1902 that James Cash Penney opened his first store in wyoming. 114 years later, the departme department jcpenney is now undergoing a major reinvention following several years of falling sales and ceo changes. The stock is up 47 this year. Great time for a shiny floor wax, no . 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. Very good morning to you, if youre just getting up. Lets get you up to speed on the market action. The ftse allworld index is on track for its highest level of the year as a whole. We have gains in asia, gains in europe, and u. S. Equity futures pointing higher. This follows about 1 in gains for u. S. Markets yesterday. Were looking at the nasdaq called higher by about 0. 8 . The dow now almost pushing tripledigit gains at the open. Lets have a look at oil. It was a big factor for the gains yesterday. We saw the highest level of the year for wti. Were just coming back off those highs. Understandable given that we hit the highs of the year. Wti right now 41. 6, down 1. 25 this morning. Sara . Wilfred, time for todays trade of the day. So with the market sitting pretty much flat this year, investors are scrounging for ideas that can generate some returns. If the s p 500 stays basically where it is, turns out consumer staple and tech stocks, as well as Treasury Bonds offer the best performance and can be attributed to attractive dividends, of course. This happens usually when the s p 500 sees little movement. For more, go to cnbc. Com and check out cnbc pro. Indeed. There we go. Back in time. In global news, organized crime prosecutors have raided the law firm behind the panama papers. Police officers set up a perimeter around the offices. The firm has denied any wrongdoing, saying it only set up offshore financial accounts for clients and was not involved in how those accounts were used. President obama will be signing a bill that provides financial incentives to Companies Working on treatments for the zika virus. The bill allows the fda to include zika Drug Developers in the agencys priority voucher program, but it doesnt include actual funding. Earlier this week, democrats and Administration Officials lobbied congress to allocate 1. 9 billion in emergency funds for fighting zika. Fears are deepening about the virus. The cdc issued their strongest warning yet earlier this week, calling it, quote, scarier than we initially thought. Meanwhile, new studies have linked the virus to adult brain damage. This was my must read yesterday on that 1. 9 billion. Republicans want them to use what was left over from ebola. It looks increasingly like its going to cost a lot more to come up with treatments, vaccines, and prevention. And the type of things it affects is increasing as well. Switching focus. Sean parker is on a mission to fight cancer. The tech billionaire who founded napster is announcing hes giving 250 million to six u. S. Cancer centers, including memorial Sloan Kettering in new york. Sean parker will discuss his effort when is he joins kelly evans and Bill Griffith today on closing bell. Still to come, House Speaker paul ryan slams the door on speculation he could win the gop nomination for president. That story tops todays political news. Thats coming up after the break. First, heres todays National Weather forecast from the weather channels jen carfagno. Happy wednesday, sara and wilfred. Were tracking a big cluster of thunderstorms that rolled through texas overnight, dropping more hail. Were in day two of the hail cleanup project here in texas. This cluster of storms will actually track right along the gulf coast, right along the northern gulf of mexico. New orleans later today, eventually by midnight tonight its getting into florida. Meantime, it is hello High Pressure across the northeast. Sunshine is back. Temperatures are moving back up as well. Speaking of the warmup, that is really going to happen today. Were going to start to see temperatures running more than 20 degrees above average across the northern plains. Active weather across the northwest. This is the next system that sets up and actually will eventually stall out across the middle of the country for the weekend. For now, its staying in the west. Its really the warm temperatures across the middle of the nation we see temperatures going well above average today and continues for a couple days. Thats the latest coasttocoast forecast. Worldwide exchange continues after this. Im vern, the orange money retirement rabbit from voya. Orange money represents the money you put away for retirement. Over time, your money could multiply. Hello, all of you. Get organized at voya. Com. Good. How was your commute . Yours . Good. Xerox real time analytics make transit systems run more smoothly. And morning chitchat. Less interesting. Transportation can work better. With xerox. Thank you for calling. Well be with you shortly. Yeah right. Xerox Predictive Analytics help companies provide a better and faster customer experience. Hello mr. Kent. Can i rebook your flight . Im here Customer Care can work better. With xerox. Wait im here mr. Kent . Welcome back. Markets are in a bullish mood this morning, building on yesterdays gains. U. S. Futures indicating a higher start with the s p futures up 13. The dow after a 165point close higher yesterday tacking on another 100 point heres in the premarket. The nasdaq up 38 points. In terms of currency, that weaker yen is helping fuel the mood. Theres the dollaryen. 109. 26. Just in terms of the euro action, weaker euro, stronger dollar. Thats something to watch. Better chinese trade data overnight has also helped fuel gains. Oil sitting near its highest level in four months. Some profit taking today, giving a little back. Wti crude down 1 . Just below 42 a barrel. Brent down half a percent, 44. 45. All leading into a very important meeting of opec and no nonopec producers this weekend. Sara, thank you. Lets get to political news. The gop race for the white house might be a little more settled today after House Speaker paul ryan slammed the door on speculation he might seize the nomination if the current candidates fall short. On the democratic side, Hillary Clinton and Bernie Sanders are preparing for one last debate tomorrow night before next weeks makeorbreak New York Primary. Nbcs tracie potts joins us with a roundup of todays big stories. Reporter hi there, wilfred. Lets start with the republicans. Ted cruz is admitting that after new york, he could see some losses this month. And donald trump is getting some feedback now. Overnight, new reaction from the Republican Party on his claims that the process is unfair. Donald trumps complaints about losing colorados de