Good morning. A warm welcome to Worldwide Exchange this friday morning on cnbc. Im wilfred frost. Im Contessa Brewer in for sara eisen today. Loving the music. I could see that being on my spin play list, if i did spin. I meant to be doing spin. Im not sure this would be on my play list, as sarah knows, its more Andrew Lloyd Webber and elton john . Who is this . Human naj . No, nicki minaj. Contessa, even i knew that. Its new music friday. A new song from nicki minaj. More important were focused on healthcare this morning. White house budget director Mick Mulvaney says President Trump is done negotiating. He wants a vote today. If he doesnt get it. Mulvaney says trump is ready to move on to tax reform and border and trade. Its a huge story for the markets this morning. Everyone is paying attention to this. Absolutely right. Lets look at how markets are doing. U. S. Equity futures are flat, the more interesting story is the story of the week. Down around 1. 3 or 1. 4 depending on which index you look at. Given we havent had the healthcare bill pass, that decline probably something we should frame as resilience as opposed to bearishness, that there are not bigger declines, particularly given the relative recovery since tuesday. Clearly todays vote will be absolutely key and could move things as contessa suggested, meaningfully in either direction from here. As we stand, were flat in the premarket today. The dow slightly higher. The s p and nasdaq slightly lower. Not just politics but yields important. We have stabilized the selloff in yields. A slight recovery in yields yesterday. We are back above 2. 4 . 2. 43. But just so you can gauge the move for the week as a whole, fridays close was 2. 50. Were at 2. 43 . When you consider that level of selloff we had in the banks earlier in the week, and only a relatively small decline in the yields for the week as a whole, highlights how much overreaction there was on tuesday. So we got some Economic Data out of asia overnight. Japanese Manufacturing Activity expanded at a slightly slower pace this month. Flash manufacturing pmi slowing to 52. 6, slightly below consensus. The nikkei closed up almost a full percentage point. The shanghai up by more than half a percent. We are just getting eurozone pmi data for march as well. Eurozone business growing at the fastest rate for six years. Flash pmi at 56. 7. Ending the week on a soft note, down for the week as a whole but less so than the u. S. Markets. The ftse off a percent. The French Market is flat. The broader markets now and a look at oil. Continuing its slide. Wti down more than 2 on the week. Popping back up a bit. Up 0. 4 . Brent is up as well, a quarter percentage point. Looking at the dollar, the dollar is on pace for its third negative week there a row, down against the euro this morning. Slightly up against the yen and up against the pound. Looking at gold. Gold breaking the fiveday win streak. This morning it stands at 1,242. 5. There has been some speculation that i saw it from one of the banks this morning about whether investors will be rushing towards gold with volatility in other areas, especially given the uncertainty about whats happening on capitol hill. They have been doing that. Gold is one of the beneficiaries of this pullback from the trump reflation trade. Its up 1. 4 for the week as a whole. Second positive week in a row. Just looking more broadly at the markets, we already said 1. 3 decline for the week so far. Yields 2. 5 on the tenyear last friday. 2. 43. And the dollar, the broader index down 0. 6 for the week. For all that worry that we had earlier in the week, the declines have not been that meaningful. Clearly things could crystallize either way up or down depending on the political vote today. You have to say this has been another example of resilience in the face of pressures for the market. We have seen profit taking but not sufficient enough to worry about. Also the run up in the financials and other areas, that there were a lot of people who were watching this and expecting it to happen. In fact, expecting it in even a bigger way. The profit taking. Exactly. Lets get to what could move markets up or down from here. The healthcare bill. The president is done negotiating with the gop and he has now given the house an ultimatum to decide whether or not theyll pass the bill today. Kayla tausche joins us from washington with the latest. Good morning. Reporter good morning. House republicans delaying that vote last night when it became clear they didnt have the votes. And now we are getting word that after a meeting of the entire party to come together and a directive from the president to give it a go or move on, that vote is rescheduled for this afternoon. Heres House Majority leader kevin mccarthy. Its or anticipation to be done in the afternoon, but the gentleman may know how long it will take based upon as we move through during the day. I yield back. Little moment of levity on the hill last night. The back drop for the 2 00 p. M. To 5 00 p. M. Time frame for the vote. There is time for some selling, arm twisting. The stock market is closed which is one benefit. It gives members time to get home to districts and constituents be that for better or worse. The white house making an 11th hour push. Top advisers scrambling to the capitol and a 45minute phone call between the president and paul ryan who shepherded this bill and will own it, the result of the back and forth between the house and congress is an amendment of the bill that transfers power and new funds related to essential Health Benefits back to the states. Were making a powerful case that this is President Trumps bill that he wants repeal and replace this is a Campaign Promise we are going to deliver on, and that hes going to continue to bring people to the table. I think thats exactly the right role for the white house. The president s approach if congress cant deliver on that promise that they made during the campaigns, he wants to deliver on a promise that he made, that is to reform the tax code. He has been anxious to move on to that for some time. He said as much at various rallies and to the Freedom Caucus this week. Perhaps one reason were not seeing the market softer on these hurdles to the bill or the rush to a vote today is the prospect that whether you get healthcare reform or not, tax reform may be waiting in the wings. Wilfred . Kayla, part of this might just be complete line out of the art of the deal where you say its on the table right here, here it is, take it or leave it. Thats what the Freedom Caucus was doing in the first place any way when they said we cant support it the way it is, rewrite it. Does either side want to say yes to this particular problematic bill . Well see what happens when push comes to shove, when that vote happens today. There is a school of thought that says that the Freedom Caucus as hash sh opponents as theyve been of this bill, when they go home to constituents do they want to be on the record having voted dow jonn the optio repeal obamacare. This is the option on the table. Do they want a no vote on that metric next to their name when they go home to their constitue constituents. Some people think they wont, and theyll vote yes. But theyve been throwing around terms, final offer, lastditch effort. This is our final deal. It feels more like a corporate boardroom than washington. On that note n terms of the final decision, take it or leave it, do we definitely get the vote today or could it be delayed again for a week or a month or whatever . Well, at this point the order is coming from the president. Last night the delay came because the house knew they did not have the votes. At this point it seems like even if the house doesnt believe they have the votes, its the president s order that they vote on this today and move on. If the president has a change of heart and messages Something Different to the hill, then maybe theyll change it but the expectation is that it will happen. The floor vote will begin today at 2 00 p. M. , and it will wrap around 5 00. Reading the the Financial Times they frame this by saying democrats are celebrating the republican level of disarray. Is the strength of that phraseology fair in this debate or is it something more typical that we should have expected . I might call it shodden freud theres a lot of comparison to the way the democrats hand theed it in 2010 and the republicans are handled it now. Back in 2010, the democrats were accuse of back room dealing, bringing it to vote without knowing how much it will cost. And now today a lot of questions are being asked are you aware this is close to what happened in 2010. But its different when its the other side. I think demts a democrats are g chuckle out of that. Getting a lot of plitt oliti deja vu. February durable goods are out at 8 30 a. M. Eastern time. The headline number is expected to rise 1. 5 . Roughly in line with january. Well watch for the chicago fed president , charles evans, st. Louis fed president , james bullard, and new york fed president , bill dudley. As for earnings, retail ers ret finish line reports before the bill. Investors pulled 1. 3 billion from Financial Sector funds in the worst week of net sales since july of 2015. Investors poured 8. 3 billion into u. S. Base taxable bond funds. Coming up, theranos founder Elizabeth Holmes plans to give out personal shares in the stake of her company, but theres a catch, a big one. Stay tuned. Youre watching Worldwide Exchange on cnbc. Ities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Experience exceptional offers on sales event is here. Our most refined models ever. Get up to 2,500 customer cash on select 2017 models for these terms. Experience amazing at your lexus dealer. The markets change. At t. Rowe price. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. Did you know slow internet can actually hold your business back . Say goodbye to slow downloads, slow backups, slow everything. Comcast business offers blazing fast and reliable internet thats over 6 times faster than slow internet from the phone company. Say hello to internet speeds up to 250 mbps. And add phone and tv for only 34. 90 more a month. Call today. Comcast business. Built for business. Welcome back to Worldwide Exchange. Happy friday to you. Lets get you up to speed on the market action. A bit of positivity to end off a negative week for markets. Asia up a decent amount for some markets. Japan is up the best part of 1 . Little less for hong kong and shanghai. If we look at europe. We had some blow out pmi data, not blow out but better than expected. That picked markets up a bit. Stilt just below flat. For the week as a whole, the european markets are down as a whole, but not as much as the u. S. If we look at u. S. Markets, theyve been down about 1. 3 , 1. 4 for the week as a whole. But that positivity in asia has affected the mood here and taken us higher by 0. 2 . As we discussed earlier, the fact were down only a percent of the week as a whole, thats a mark of the resilience this market has as opposed to a clear bearish signal. A lot rests on the vote today. The healthcare vote and which way people expect that to go. Lets talk about corporate news. Credit suisse said the ceo received nearly 12 million in compensation last year, more than double than 2015 after he joined the bank mid year. Its annual filing Credit Suisse says it reached a settlement over Mortgage Backed securities. The settlement will result in the Bank Reporting a wider fullyear loss for 2016. Shares decline the shad sharply yesterday. Its up today. Bouncing back 0. 8 . Over the last three months, down 3. 3 . Contessa . Shares of toshiba are rising sharply in japan after a singaporebased fund disclosed it has bought an stake in the struggling company. The fund is now toshibas largest shareholder because it says its holding is an investment and it expects longterm gains. Stock has dropped by half since middecember after saying it faces a massive writedown over its u. S. Nuclear business. Theranos reportedly plans to give extra shares to investors who pledge not to sue the Blood Testing Company or founder Elizabeth Holmes. The wall street journal says the deal includes investors who took part in the last funding round in 2015, which raised more than 6 600 million. The additional shares would come from holmes personal stake and result in her giving up majority control. The journal says theranoss board approved the deal last month. Doesnt scream confidence that theres no wrong doing to be found in terms of this well see if it works. Stocks were watching today. Gamestop shares are down sharply. Revenues falling short of estimates. The retailer announced it will no longer provide quarterly guidance and plans to close at least 150 stores. Micron earnings beating the street. The chipmakers results helped by stronger demand and higher prices for memory chips. Kb home topped estimates on top and bottom lines saying they are benefitting from a forgaavoe housing environment. Shares of Oxford Industries dropping this morning. The owner of tommy bahama posting earnings below wall street estimates. I dont know that brand. Clothing brands. One is for men, lifestyle, resort wear, the other one lifestyle resort wear. As well. Yes. Amazon winning 1 1. 5 billio in a dispute with the irs over its transactions with a subsidiary. The u. S. Tax court made the itself made arbitrary determinations and abused its discretion in several instances. And macys naming Jeffrey Gennette as its new ceo. No move in the stock price. Still to come, washington Takes Center Stage this week from healthcare to Supreme Court nomination hearings to an update on the proposed travel ban. Well tell you everything on the agenda here. Your path to retirement may not always be clear. But at t. Rowe price, we can help guide your retirement savings. So wherever your Retirement Journey takes you, we can help you reach your goals. Call us or your advisor t. Rowe price. Invest with confidence. Whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley welcome back to Worldwide Exchange. To an update on the london attack. New investigation details emerging this morning. Willem marx joins us with the latest. Reporter thats right. The metropolitan police in the last hour telling us they have two more arrests under their belt overnight. On wednesday night, the night of the attack they made eight arrests, six addresses were raided. They released one woman on bail, but they have nine people in total in custody. The chief antiterrorism operating officer says they are looking at motive and some associates of this man. They named him as adrian russell, he at age 52 was responsible for driving over this bridge in westminster knocking down a number of pedestrians. We learned that another person has succumb to their injuries. A 75yearold man who has not yet been named. The m. E. T. Saying theyre reviewing security procedures aroin t around the palace of westminster. This attacker made tin side the estate on friday. Thats where he fatally stabbed a Police Officer. Willem, great to see Westminster Bridge open and being used by commuters again. Wanting to dive into the detail in terms of the security review. Theres a big question and sense of confusion over here stateside about the fact that why the Police Officer was not armed. It is not the norm for any Police Officers to be armed across the yew night yew nighte kingdom, and more information about how others were able to get there and shoot the attacker. So this entranceway, the far side of westminster, known as carriage gates, is sometimes open to vehicle traffic to allow ministers who drive in in their cars from various Government Departments in this area around westminster when they need to vote. Wednesday was a day they were coming into vote. The gates were open. There were flthree, four policen there not armed. It is a public facing role, you will often see them in photographs with tourists, these policemen. By chance there were a number of armed police there as a personal security detail for the defense secretary here, sir michael fallon. They happened to be on hand and theyre the ones responsible for shooting this attacker. Some mps last night coming out saying if they had not been there, there was a chance the attacker would have made it inside parliamentary buildings, thats adding to concerns about the security procedures in place here in westminster. Thank you very much for that update. Appreciate it. Willem marx live from london. A federal Appeals Court set may 8th as the date for oral arguments on President Trumps revised travel ban. The move came in response to the Justice Departments request to expedite the case. The court will decide a maryland judges decision to block the order banning people from six muslim countries. The senate Top Democrats will oppose Neil Gorsuchs on f con fir missifirmat