Dive ahead of the closing bell. Some say it was end of quarter rebalancing and others say it was uncertainty surrounding the Iranian Nuclear talks that kept investors on edge. At the close, the Dow Jones Industrial average dropped 200 points to 17,776. The nasdaq finished 34 points lower to 4900 and the s p 500 fell 18 for the quarter, sue, blue chip posted First Quarterly decline in a year that would be the dow. Nasdaq and s p 500 rose for the ninth consecutive time. As for the best and worst performing stocks in the s p 500, hospira topped with a quarterly gain of 43 . The big loser on the s p 500, san disk. Off 35 . One of the biggest stories of the quarter, of course, the doll it had its strongest three months since way back in 2008 while the euro posted its worst quarter on record. Now to those iran nuclear talks. A big geopolitical undercurrent for the markets. The state said the talks between iran and six world powers go past todays selfimposed deadline and extend to tomorrow. Josh erinest echoed that saying the talks would continue quote as long as the conversations are productive end quote. And as for oil, which could see additional supply of sanks on iran oo lifted dropped for a Third Straight section. West texas intermediate down to 47. 60. Brent fell 12 for the month. Consumers are feeling more confident about the economy. The conference boards Consumer Confidence index Beat Estimates edging back to a 7. 5 year high. One of the big reasons for the better mood is increasing optimism about the outlook and wage growth. Economists say lower gas prices did play a role in that increased optimism. Home values are growing. Thats the good news. The bad news for homeowners is that prices are rising at a far slower rate than a year ago. Home prices increased 4. 5 in the year end in january according to the s p case shiler home price index but as home prices rise, thats leading to overheating in some markets but not all of that overheating is alike. Diana olick explains. Reporter Jennifer Castillo and Justin Thornton are looking to buy their first home together in washington, d. C. So far, they havent found it. What they have found is i would say sticker shots. Reporter tight supply in the d. C. Market is leading to bidding wars. Eight or nine offers, 100,000 over asking all cash offers from wealthy families. Soy its just difficult. To the poi it becomes unreasonable. Repor d. C. Is now overvalued by about 10 to 15 according to a new report from fitch ratings. But the values are based on strong local fundamentals unlike some other markets. We dont really see as much risk in the market as we do in a place like las vegas, like phoenix. Reporter add riverside, california and miami to the former boom to bust market. Theyre overvalued due to stiff competition from investors after the housing crash. Their economies are not as strong and the high prices will willing be unsustainable. As opposed to seattle, san francisco, houston, and austin which are also overvalued but supported by both growing populations and economy. Its the discrepancy between those places that have restricted supply investor demands pushing up prices versus those places that are really going through a general economic expansion. Reporter h prices in the nations largest markets are accelerating again, seeing gains in january than december. Thats partially due to tight supply but also to an improving economy and low Interest Rates. Plus spring. The steep price gains hurt sales but this years demand appears to be stronger even though prices are rising at twice the pace of income. Its really a double edged sword. Higher prices bring homeowners up from underwater and back into the market but they also price potential buyers especially firsttime buyers out. Justin and jennifer are not giving up. We just have to have a lot of imagination when we look at properties and see beyond what it currently looks like. Reporter but perhaps adjusting their wish list. For nightly Business Report, im diana olick in washington. The Housing Market is one sector of the economy the Federal Reserve is watching closely and today an official said the Central Banks key Interest Rate should be raised in june. Federal reserve bank of richmond president jeffrey lacquer points to stronger job market Consumer Spending growth and inflation heading back towards the feds target. He said unless inc economic reports are very weak the case to hike rates in june are strong. The Federal Reserve will be paying close attention to the march employment report due out this friday. Despite the fact that the markets are closed for good friday. But as Steve Liesman reports, are economists too upbeat about the market and could that set the market up for a big disappointment . Reporte hopes are high on wall street for another good jobs report from main street but main street talking and is wall street not listening . Growth in the First Quarter slows to a crawl with lackluster Consumer Spending corporate profits flat lined and Home Building anemic. Not to mention the snow that piled up in february hobbled a lot of businesses on main street in the northeast. Amid all the disappointing data from february forecasters look for march to register another solid month of job growth with a gain of 248,000 jobs. Leaving some of the bulls on the street to wonder if they are out over their forecasting skis. I just dont think job gains at this level are sustainable unless we really have a very rapid growing economy, so yeah, there probably will be mild disapp in jobs in the next six months or so. Reporter the bulls believe business looks through what they call a temporary weather induced economic slowdown and kept hiring. The proof . Jobless claims a measure of firing in the economy, has fallen back to a level that suggests another good jobs report. And making it difficult to be pessimistic now. Over the past several months, ec underestimated job growth by 200,000 in just one report. The jobs report in particular has been quite strong. Job growth in particular has been quite strong. And whether the number on friday is a little above or below estimates doesnt change the larger trend. Reporter economists will get an early signal from tomorrows adp report where the private sector job growth of 225,000. Anything below 200,000 could cue wall street to pay a little more attention to the message from main street. For nightly Business Report, im Steve Liesman. In indiana today, governor mike pence said hes open to changes to a recently signed religious freedom bill. This after the law spawned a public outcry in the local and National Business communities which we reported on yesterday. Mary thompson now indianapolis. Reporter facing growing criticism of signed, mike pence submitting tuesday its taking its toll. I tough. Reporter change to a religious freedom law that provides legal cover for businesses to discriminate against gays and transgenders. I do believe moving legislation this week that would make it clear this law does gi businesses the right to deny services to anyone deemed appropriate. Reporte clear up what he called mischaracterizations by the law fueled by National Media and organizations who didnt understand the laws intent that it protects personal freedoms. But in a speech in new york monday Arnie Sorenson became the latest to fault the bill calling it pure idiocy and urged to change it soon. The opportunity this presents is that it is so manifestly wrong that if we can get indiana not just to change its view but run for the hills quickly. Hopefully we can put this kind of nonsense behind us once and for all. Reporter its a sentiment shared by the chamber of commerce. Representing almost 2500 companies that opposed the original bill claiming it would hurt new talent new investment and businesses to indiana. So even as lawmakers pass out cookies and flyers ensuring constituents the law would be fixed, bill hubert taking a cautious stance saying the Chamber Wants to see the language before endorsing the change. The proof is in the pudding. That will be our attitude as well as a business organization. Any solution has got to remove all doubt that individuals can be discriminated against. Reporter the State Government promising fast action as lawmakers face a tight deadline. Any addition needs to be written, approved and passed before they adjourn at the end of april. If not, the law likely goes into effect as planned and as is in june. In indianapolis im Mary Thompson for despite the criticism from business leaders, arkansas passed its own religious freedom bill very similar to indiana. The bill cleared the legislature now heads to the governors desk where its expected to be signed. Like the indiana law, guarantees religious freedoms that critics say could be used by individuals or businesses to veil discriminatory behavior. Defenders say the bills intent is to prevent governmental overreach and nothing more. So should Companies Take a stand on social issues like the indiana religious freew or are they playing roulette with Corporate Reputation . Jim stangle, the ceo of his own branding firm. Welcome to nightly Business Report. Hi, sue, hi, tyler. Good to be with you again. If speaking strictly business does it matter what the cause is . We saw starbucks take on Race Relations and now were seeing the likes of eli lilly and marriott and other very large publicly traded companies coming out and saying that they oppose this particular move by indiana. So give me the risks versus the benefits. I think first on the benefits sue, i think im finding most High Growth Companies now and those that are attracting talent are really magnetic are the ones that do lean forward or most proactive on taking a point of view in social issues. Frankly, their employees want to see that and also, their customers want to see that. Were seeing that as i think a real megatrend and the millennials expect that more. On the downside the more polarizing the cause, or the issue, obviously, the more risky it is. But at the same time any stance you take on these issues whether its in antidiscrimination, whether its gun control, whether its the environment, you better act on it. Your behavior better be supportive of it. You need to be coherent in your actions and so thats the big one and you have to be ready for fringe groups, activists, controversy, and ready to be engaged in social media and be very conversational about the issue if youre going to take it on. Jim, you had a long career in big business at prok terctor and gambill. Laws are in indiana. Why do you think business not rally to the cause in those cases the way it seems to have this time . Is it principally of timing passed at heightened interest in equality for gays . I think its timing tyler. I think its how the messaging came out of indiana. I think if they had to do it all over again they would have done it differently. I dont think they want to be near discriminatio but thats not what came out clearly also we live in a time of amplification and social media. Thats a reality. I think what happened is it took on a life of its own and my guess is that it will be reviewed and scrutinized in the other states now. You know, the other aspect of this jim, and id be interested in your thoughts on this, if youre a privately held company, perhaps you dont have to engage in this type of discussion but if youre a publicly held company with published culture and, you know, rules about is done within your company, it behooves you to engage does it not . Absolutely sue. But actually i think whether youre private or youre public you know you have a reputation with your employees first. Every ceo i talk to private, public their number one concern is attracting talent and the right kind of talent. And people today want to work for compan who have a point of view try to make the world better in some way. Time my alma mater, p and g issues with mothers and children facebook takes on antibullying as is twitter. They take on issues some more polarizing than others but employees and customers want to see you step up and those that are stepping up are rewarded with higher growth and data supports that both the consumer data and the market share data. Very quickly though jim, why do you think starbucks stepped back from the race together campaign to the extent they have stepped back that they announced a couple of weeks ago, quick answer please. Yeah tyler, i think the strategy is right for starbucks. Theyve taken on social issues over decades and i think the strategy on race was right. The topic was troublesome, everyone in line to get coffee want to move fast. My guess youll see them take on this issue further but do it in forums and discussion groups coffee hours. You wont see it in the coffee line. Good strategy wrong tactic. Wont be written on the cup. Thank you jim stangle of jim stangle company. Warren Buffetts Berkshire hathaway acquired two small virginia papers my home state, the companys purchase of the Martinsville Bolton and post adds to dozens of weeklies in ten states. The terms of the deal not disclosed. Warren buffett doesnt just have eye on newspapers. In an interview today with becky quick, the oracle of omaha wants to purchase additional auto ships in the u. S. Following acquisition of the privately held car dealership last year. This was a huge move for you to go in are you working to expand that pool are you expanding in terms of the number of auto dealerships . Very much so. 71 81 now . Yeah and weve heard from a lot of dealers, well hear from more im sure and id be surprised if five years from now we arent a whole lot bigger. And part owner of heinz, becky buffet asked about kraft and whether hes looking to buy other food companies. We would hope it would not be the last major transaction, but well only do transactions that are friendly. So really depends on whether there are willing sellers of a price wed like to buy. But there is no finish line. And when it comes to the economy, buffet characterizes it as being extremely steady. Well ibm, a buffet holding, outlines a major internet of things strategy and thats where we begin tonights market focus. Big blue announced 3 billion investment to establish a unit aimed to connect everything from a smartphone to a jet engine. Its First Partnership is with the weather channel. The company will move its Weather Data Services to the ibm, yes, the ibm cloud. Appropriate for the weather channel, right . Shares of ibm off more than 1 at 160. 50. Soon you could order an egg mcmuffin as late night snack. Mcdonalds testing out all Day Breakfast at a few locations in the san diego area that starts in april. Shares of mickey ds finished at 97. 44. Cable combo to tell you about. That is this. Charter communications buying the fellow cable operator Bright House Networks in a deal valued at more than 10 billion. Charter, now the fourth largest cable operator in the company, said it would beco the second largest after the deal. Shares of charter rose more than 5 to 193. 11. Bright house is not publicly traded. The luxury watch maker said it would raise prices and streamline operations to offset slow growth and the strong dollar. The company said those currency head winds will continue into next year. Shares popped more than 11 to 28. 52. Johnson controls the auto parts maker selling Global Workplace solutions to cbre group for 1. 5 billion. Johnson wants to focus on its core automotive operations. Shares of cbre rose more than 6 . Johnson controls was up more than 1 . Shares of diax surged in after hours trading after the Biotech Company had promising results with a drug that treats rare inflammatory condition successful in an early sta study. Shares up more than 40 after the bell. Before the close, stock off almost 2 to 16. 75. Etsy is launching road show for ipo on april 1st. Choose april fools day for that but whatever. The online crafts offers more 6 milli shares to be priced between 14 and 15. List on nasdaq under the symbol etsy. Thats smart. Morgan stanley jointly running the deal. Who pays the biggest share of taxes in america . L tell heres what to watch tomorrow monthly auto sales for march will come out. Expected to be pretty good. Worlds largest retailer walmart hosting investor day. Steve liesman told us earlier in the product adps report on private sector growth out before the opening bell and that folks is what to watch tomorrow. April 15th. We all know that date. Its time to pay uncle sam. But a new report shines light on who is paying the bigger share of taxes, individuals or corporations . Hampton pearson has more. Reporter as the 2015 tax Filing Season enters the home stretch, a new congressional report shows taxes paid by individuals last year reached their biggest share of the economy since before the financial crisis and the great recession. But taxes paid by corporations are declining. Heres what the joint Taxation Committee found. 2014 individual tax receipts total 1. 4 trillion or 8. 1 of gdp. Meanwhile corporate taxes collected topped 320 billion just 1. 9 of gdp. The real news is payroll taxes are back which builds off bread and butter payrolls paid by average americans and thats where you shine the economic to show up. Reporter the new data complicates the debate over tax reform. Probusiness groups say lower corporate taxes make American