U.S. Labor Department released the weekly initial claims for unemployment report, Kevin has the details and offers his perspective. Details of a separate program for unemployed federal workers were also released. The National Association of Realtors released the February existing home sales report; Kevin has the details. The EU makes a surprise announcement regarding tariffs on American whiskey. Oil reacts to the U.S. issuing new Iran-related sanctions, OPEC+ issues new crude oil output schedules for seven members, a strong U.S. dollar, U.S. continued airstrikes on Houthi targets in Yemen and Israel launching new ground operations in Gaza.