Claman on Call: Tentative Iran Nuke Deal Reached

By Markets FOXBusiness

A preliminary nuclear agreement has been reached between the U.S. and Iran. In a news conference Thursday afternoon Secretary of State John Kerry was resolute in insisting the agreement will prevent Iran from producing weapons-grade uranium and plutonium to create bombs. President Obama also spoke this afternoon from the White House saying the nuclear framework will make the U.S. and its allies safer. He assured the U.S. public that if Iran cheats on the deal, sanctions will be snapped back in place.

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Breaking news in the last hour of trade, Speaker of the House John Boehner came out saying any deal that is reached must be presented to U.S. Congress for a full review before any sanctions against Iran are lifted.

Oil dropped to lows of the session when the official press conference announcing the agreement began. Oil was down 4% at the lows, but later came off those lows. Still, for the week, oil finished higher for a third-straight week.

And the Indiana State General Assembly has approved revisions to the Religious Freedom Restoration Act. The act was signed into law last week by Republican Governor Mike Pence. 

The markets ended higher Thursday, snapping a two-day losing streak. The Dow, S&P 500 and Russell 2000 all ended higher for the week, but the Nasdaq and Dow Transports closed lower for a second-straight week. Don't forget, the markets will be closed Friday in observance of the Good Friday holiday.

Here is what you need to watch for tomorrow: The March employment report will be released at 8:30 a.m. ET. The report is expected to show non-farm payrolls grew by 250,000 with the unemployment rate holding steady.

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Be sure to check out all of today's interviews on FOXBusiness.com/OnCall and tune into Countdown to the Closing Bell every week day at 3 p.m. ET.

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