The Market In 5 Minutes: Thursday, March 10, 2016

Below is a tool used by the Benzinga News Desk each trading day -- it's a look at everything happening in the market, in five minutes. Apply for daily AM access by clicking here or email minutes@benzinga.com.

Macro Focus

ECB cuts rates to new low and expands asset-buying program.

U.S. stocks like the news.

ECB main interest rate now 0 percent vs 0.05 percent previously. Deposit rate cut to -0.4 percent.

Eurozone 2016 inflation forecast cut to 0.1 percent from 1 percent predicted in December 2015.

US initial jobless claims for March hit 259.0K below 275.0K consensus estimate.

China producer prices fall for 48th month, but consumer prices get unexpected bump; Shanghai comp index down 2%.

North Korea fires missiles into sea.

Iran says missile tests not violation of U.S. nuclear deal.

BZ Desk Focus

Apple AAPL iPhone estimates cut at Mizuho and CLSA.

Vale VALE downgraded at Stifel on iron ore worries.

Dollar General DG up after earnings, Party City PRTY up too .

Square SQ and Box BOX up, but selloff day following earnings.

SolarCity SCTY volatile after Spain removes "sun tax."

Energy XXI EXXI down 30 percent after Reuters bankruptcy report.

Supernus Pharma SUPN up day after positive court decision.

Social data shows Teva Pharmaceutical TEVA most likely to benefit from Zika fears.

Sell-Side Themes

Analysts seem to unanimously agree that iron ore's run won't last.

Reactions to ECB decision vary. Mint Partners' Bill Blain says Draghi's gone "all-in." Bank of America says ECB QE means low yields for a "long time to come." Deutsche Bank criticizes the bank's lack of control over inflation.

Amazon AMZN analysts like recent developments in air cargo and 'Style Code Live.' KeyBanc still Overweight, Bank Of America still at Buy.

Sell-Side's Most Noteworthy Calls

Chipotle CMG's headline risk is back, Maxim warns.

RBC names Coca-Cola KO its top mega-cap idea.

Piper Jaffray upgrades Expedia EXPE to Overweight.

UBS slaps Sell on FactSet FDS, notes slowdown in customer growth rates.

Stifel downgrades Vale VALE amid "unsustainable" iron ore price surge.

Bernstein warns of re-valuation at RBS RBS, downgrades to Market Perform. Bob Peck reiterates Buy on Facebook FB on future pricing power.

SunEdison Semi hit with downgrade at Macquarie to Neutral, at odds with Redstone analyst's bull call last week.

Argus analyst says Transocean RIG outlook still challenging, isn't buying yet.

Supernus expected to have more strength after new epilepsy drug patent decision, Northland says.

Morgan Stanley still sees 40 percent upside at Mobileye MBLY. Deutsche Bank sees room to run at Sunrun RUN, sets $15 target.

Deal Talk

Alibaba BABA, China's CHPC and Ant Financial partner to offer smart energy services. Alibaba secures $3B loan to finance more acquisitions and investments.

Iron Mountain IRM to sell Australian assets.

Intel INTC buys 3D replay firm.

Norfolk Southern NSC files preliminary proxy statement for Canadian Pacific CP statement requiring both sides engage in good faith discussions.

Notable Media Stories

Twitter deletes tweets with oil data in them following American Petroleum Institute complaints. Air Force vet tried to join ISIS.

Bridgewater hires ex-Apple CEO.

WSJ survey shows more economists think Fed will delay rate hike.

The shale "reckoning" comes to Oklahoma.

8 reasons the global economy is in crisis.

Special Reuters report reveals lead dangers lurking in private wells.

Academia

Kelly Blue Book study shows ride sharing doesn't pose threat to car buying.

Blogosphere

Josh Brown asks: When do you want your risk, now or later?

John Mauldin says retirement is impossible with negative interest rates.

Why U.S. automakers are under-performing in 1 simple chart.

Buy-Side

Planet Fitness PLNT CEO tells Benzinga company "strongly" disagrees with "misleading" statements by Spruce Point Capital, which disclosed a short position on Wednesday.

Pershing Square reports amended 9 percent stake in Valeant.

Jackson Square takes 10.03 passive stake in Verifone PAY.