Trump turmoil: Stocks are on track for the second negative week in the past three

BY THE NUMBERS

U.S. stock futures were hovering near breakeven this morning amid speculation about more possible changes among President Donald Trump's advisors. The Dow, S&P 500, and Nasdaq were on track for their second negative week in the past three, although the S&P 500 and Nasdaq remain higher for March. (CNBC)

* Cramer Remix: Wall Street can't expect help from Washington anymore (CNBC)

On the economy, February housing starts are out at 8:30 a.m. ET. February industrial production numbers are released at 9:15 a.m. ET. The University of Michigan's mid-March consumer sentiment index and the January JOLTS survey are both due at 10 a.m. ET. (CNBC)

Former Qualcomm (QCOM) chairman Paul Jacobs is seeking funds for a buyout of the chip-maker, according to multiple reports. The reported effort comes just days after President Donald Trump blocked Broadcom's $142 billion bid for Qualcomm. (CNBC)

* Intel CEO bucks Broadcom rumors: 'We're heads down' on Altera, Mobileye acquisitions (CNBC)

Nike (NKE) brand president Trevor Edwards, whom many considered a potential CEO successor resigned suddenly amid complaints about poor workplace conduct. Parker did not disclose the nature of the complaints or whether they involved Edwards directly. (CNBC)

Tiffany (TIF) leads this morning's list of corporate earning. The luxury-retailer beat estimates with quarterly profit and revenue as well as same-story sales. The stock was gaining ground in premarket trading. (Reuters)

* Toys R Us is closing all of its US stores. Here's a map of where they are (CNBC)

IN THE NEWS TODAY

The White House denied that President Donald Trump has decided to remove National Security Advisor H.R. McMaster from the administration. The Washington Post reported, citing five sources, that the president had planned to remove McMaster. (CNBC)

The Trump administration has accused Russia of engineering a series of cyberattacks that targeted U.S. and European nuclear power plants and water and electric systems. The administration said the strikes accelerated in late 2015. (NY Times)

* Trump sanctions 'Putin's chef,' others over election hacking (CNBC)
* Pentagon confirms hack attempt against Defense Department credit card holders (CNBC)
* Russia's presidential election: A simple guide to Sunday's vote (CNBC)

Special counsel Robert Mueller subpoenaed the Trump Organization "in recent weeks" for documents, some of which relate to Russia, The New York Times first reported. It is unclear exactly what information the special counsel requested.

Donald Trump Jr., President Trump's eldest son, and his wife Vanessa Trump are getting a divorce. The divorce is uncontested, according to a court document, which means there likely won't be a fight over custody or assets. (USA Today)

At least six people are dead after a newly-installed pedestrian bridge at Florida International University in Miami collapsed Thursday afternoon. The 950-ton bridge fell at the university's main Miami-area campus after being installed on Saturday. (CNBC)

* The bridge that collapsed near a Florida university was installed in a single morning (CNBC)

Wynn Resorts (WYNN) former chief Steve Wynn may elect to sell all or a portion of his stake in the company, according to a regulatory filing. Under an agreement with Wynn Resorts, the former CEO could not sell more than one-third of the shares he held in the company. (Reuters)

Music-streaming company Spotify will start trading on April 3 and the company will provide full-year financial guidance on March 26. The company is expected to forgo IPO traditions like underwriters and a lock-up period when it lists on the exchange. (CNBC)

* Meredith considers moves to sell Time, Fortune and Sports Illustrated (Reuters)

Pop icon Rihanna wiped out about $600 million of Snap's (SNAP) market value with one social media post. The artist instructed her 60.9 million Instagram followers to delete the app after an ad appeared to make light of domestic violence. (CNBC)

Billionaire Li Ka-shing, 89, announced his retirement today from Hong Kong conglomerate CK Hutchison and property giant CK Asset, the business empire that he built over nearly seven decades. He will be succeeded by his eldest son. (CNBC)

* Who is Li Ka-shing? Hong Kong's richest man is called the Warren Buffett of Asia (CNBC)

STOCKS TO WATCH

Walmart (WMT) responded to accusations from a former executive by calling him a "disgruntled former associate," and said an investigation had found no indication that the company acted improperly. Former business development director Tri Huynh had said Walmart was issuing misleading e-commerce results.

Adobe Systems (ADBE) beat estimates by 11 cents with adjusted quarterly profit of $1.55 per share, while the software company's revenue also beat estimates. Adobe's bottom line was driven by an increase in subscriptions for its Creative Cloud software suite and a rise in average revenue per user.

Ulta Beauty (ULTA) fell 3 cents shy of forecasts with adjusted quarterly profit of $2.75 per share, although the cosmetics retailer's revenue did match forecasts. Ulta also posted an 8.8 percent increase in comparable store sales, slightly short of consensus estimates.

Kroger (KR) announced a $1 billion share buyback program. The move supplements the supermarket operator's prior buyback authorization, which had about $76 million remaining.

WATERCOOLER

The 11th-seeded Loyola Ramblers will advance to the second round in NCAA Tournament after a dramatic 64 to 62 win over sixth-seeded Miami in the South Region. The Ramblers will face third-seeded Tennessee on Saturday. (ESPN)

Tonight's Mega Millions drawing is $345 million while Powerball's grand prize is worth $455 million tomorrow. That's a total of $800 million up for grabs this weekend. Mega Millions and Powerball both sell regular tickets for $2 each. (USA Today)