This is Bloomberg Money Minute. Pink slips are being handed out.

And Nike, the sneaker giant announcing that it's cutting 1400 roles.

The layoffs will mostly affect those in its technology group.

Nike says it's streamlining its structure and moving toward advanced

automation. This is the latest round of layoffs for

Nike. The company cut some corporate staff

this past summer and in January, laid off a number of workers at its

distribution centers. Quick check of the markets.

Stocks are heading for a higher open on optimism that the U.S.

and Iran are moving toward peace talks after days of deadlock.

Tech shares are the big winners today. It's a much brighter start after

yesterday's losses. The Dow fell 180 points to wrap up the

day. And good news for those shopping for a

home. Mortgage rates fell for a third week as

the key spring selling season gets underway.

According to Freddie Mac, the rate on a 30 year fixed loan is 6.23%.

Mortgage rates have stabilized after they shot up at the start of the war.

Courtney Donohoe Bloomberg.