All three major indicies are in the red through the first half of today, but now off their session lows. Crude prices were up by as much as three percent and remain above the $50 a barrel mark for the first time in more than two weeks. Increased tension in the middle east, specifically new airstrikes in Yemen are being blames, at least in part, for the moves today.
Here are some other stories Yahoo Finance is watching today.
While we're watching the overall economy, Warren Buffett's right-hand man is watching yours...and the future isn't good. Berkshire Hathaway Vice-Chairman and billionaire Charlie Munger says life is going to get harder, and people should prepare for the fact they'll have less.
Taylor Swift: World leader
Someone who's doing quite well, thank you, is singer Taylor Swift. Fortune Magazine has now ranked the highest-paid female singer as number six on its list of the world's 50 greatest leaders.
Finally, the Sweet 16 games in the NCAA basketball tournament tip off later today and March Madness is providing a windfall for broadcasters. Research by Kantar Media finds TV advertisers spent $7 and a half billion dollars over the past decade, and it's likely they'll shell out more than a billion dollars this year.
An earlier version of this article mistakenly cited Forbes as the publisher of the "World's Greatest Leaders" list. The list was compiled and published by Fortune Magazine.