Superbug in the medical center. And winners and losers in the greek financial crisis. Lets get to the top stories we are following. The u. S. Government is asking a federal judge to lift his temporary hold on president obamas executive action. The stations have argued the president s action was unconstitutional. They say is unlikely the judge will put the ruling on hold or that means the request would then go before the fifth u. S. Circuit court of appeals, which has federal jurisdiction. President obamas bees at this hour in washington to members of retired persons. This as the white house says it will throw its rate its weight behind a white house proposal over time and savings. It will require brokers to assess customer best interest which could limit the earnings of Financial Advisors. Classic is really unfortunate the white house would engage in this type of political discussion when in fact, they are picking a fight with 58 million american households that deal with registered representatives all across the United States to get the education that they need to save for retirement. Proposed rules on Financial Advisors are subject to modification. Valiant pharmaceuticals are buying pharmaceuticals for 10. 1 billion in cash. Valiant tried but failed to require to acquire valiant. It uses an advantageous tax structure to buy companies and then cuts r d costs to boost profits. Charlie ergen will become the ceo in march. He is replacing joseph, who is retiring. Dish lost 79,000 paytv subscribers last year. Whats it do with 50 billion worth of wireless airwaves he has bought. He contacted Deutsche Telekom last year in buying tmobile. The owner of the olive garden chain. It is the interim ceo promoted from chief operating officer in october. He will be in charge. The oscars went to bird man. The move destined movie about a washed up superhero 14 oh Academy Awards, including best picture. Patricia one best supporting actress for the movie boyhood. She used the opportunity to call for equal pay for women. To every taxpayer and citizen of this nation we have fought for everybody elses equal rights. It is our time to have Wage Equality once and for all and equal rights for women in the United States of america. [applause] last year, emails stolen by hacker indicated Sony Pictures paid female stars less a month. I will speak and get thoughts on the oscars. That is a look at the top stories we are following. Greece will now send a list of proposed reforms to debt inspectors by tomorrow Erik Schatzker is in athens. First, hans nichols joins me on the phone from berlin. Good evening. Good evening. On friday, the german chancellor Angela Merkel called for a significant improvement in the substance of greeces request. Has germany now drawn a line in the sand . Germany gave an indication the Bailout Program needs to be implemented. What that means is still unclear. In some ways, with the athens spokesperson, it is contrary to the ecb Bailout Program. He talked about increasing the minimum wage and not lowering pension payments. A little bit on labor reform going the other direction there. All that said the dutch finance ministry, he pronounced himself very confident, earlier today. It seems as though we are headed toward a preliminary verification and that greece will stay in the Bailout Program. We have another discussion which should be in april. Sans nichols in berlin. Stand by for a moment. Erik schatzker is an affluence for us. What are they saying about the latest developments . I want to be clear the conversation was not between me and the greek official, a greek Government Official sends us an email. I will not call it a bombshell because so many people are so skeptical about what greases able to look up at. Greece will not meet with todays deadline to send a list of opposed reforms. Were talking about the European Commission subject to approval by all 19 governments of the eurozone that met on friday that initially granted degrees a provisional extension of four months to the Bailout Program. That is the news this evening. We were hoping to get some substance from the finance minister. According to his greek Government Official, at least the institution, they have agreed to hold a Conference Call with eurozone ministers tomorrow afternoon. Things are being pushed back by several hours. We do not have a very good idea of the list of proposals yet. With the ims there are draft proposals being exchanged. That is telling you he is trying to lock a very fine line. To give away as little as possible. So he is floating balloons, if you will. A sign as to what will pass muster and what is not the written the meantime, people here wondering to themselves what is going on. I want to bring you perspective from one of greeces shipping tycoons. There are many in the country but i spoke to one in the afternoon. A member of one of greeks wealthiest families. This is perspective, albeit not for the man in the street, but it gives you a sense of how greeks are evaluating the situation. Have a look. Banks are wasting deposits. The country is wasting a lot of valuable time with gdp actually no more being able to reach 3 as well as forecast for next year. Were talking 1 now and i wonder whether or not that is the best way to negotiate that i with i wish them the best of luck. What will bring Economic Growth back to the country . Political stability and economic reforms. The country needs to restructure and the sooner the better. With her today as part of the eurogroup, we will begin to restore the minimum wage back to roughly 2012 levels. It will give people collective Bargaining Power per what you make of those proposals . I am not against a decent minimum wage provided this does not harm the economy. Im cognizant of the fact that many lenders have wages that are a rejection of minimum wage here. Thatthat needs to be handled carefully. How would you describe the impact austerity has on the country . That is certainly a failed policy. As much as i disagree with the current negotiating tactics disagree with extreme austerity. It is not unexpected event given the fiscal craziness that has been adopted over the last three or more decades. How has austerity affected you . Completely unrelated with what is happening in greece. That is really an effective. Ineffective. The Hotel Business starting to thousand eight when we had violent demonstrations, we saw things going down up until 2012. That was the lowest point in revenues. 2014 was much better. We are looking forward to a healthy 2015 if political stability does remain. In your opinion, does the finance minister understand what the economy needs . He is not approaching the subject in a way i personally find acceptable. Give me your best and worst Case Scenarios for where greece will be a year from now. The best Case Scenario, which i hope will be what will happen with our lenders, stability and why the political cooperation, not only with the government of the day, but also the rest of the political spectrum something our country very badly needs over the last 60 years. Lie is it not the worst Case Scenario . What is a need to be a part of the euro . Less it is not an economic consideration alone. It is political and international. We just want to be left alone in this part of the world politically. It will be a disaster in economic sense as well. At the very least, both sides are united to keep greece in the euro. You just heard the Government Officials who are working very hard to come to this agreement with institutions in europe. Back to you. Erik schatzker is live in athens. Thank you. Lets go back to hans nichols. Standing by on the phone in berlin. Hans, is enough being done to resolve what mohammed correctly described as a trust deficit between greece and some members of the eurozone, particularly germany . He try to address that leak. It is not just germany. Their other. Eurozone countries. There are other eurozone countries. Building more trust in part because we will go back to brussels. Were in the first game of a potentially sevengame and nine game series and 12 game series. If Something Like that exist there has to be more conversation because every step of the way will be the old soviet cold war doctrine. Trust but verify. That is clear from the germans and that is why the greeks are not getting any bailout money if and when they successfully submit this list later today or tomorrow. Tomorrow, they are saved from a banking crisis here to actually get additional more money, that will not happen until april or there will be more meetings and verification and more oversight of how theyre trying to fix their economy. Ons nichols is joining me from berlin. Thank you. Up next from the u. S. Department of Homeland Security, it is set to expire at the end of the week. Peter cook will have the latest from both sides of the aisle when bottom line on Bloomberg Television continues in just a moment. Just minutes ago, funding for the department of Home Security the white house are mere odds for a solution. Peter cook has the latest on the standoff. Is present obama trying to turn up the heat here . He is trying to turn up the heat. He was at least at the white house. Republicans still trying to use home and security funding as a means to force the president to back away from his immigration executive action. The nations capitals to one them. The Homeland Security fight here in washington would ultimately directly affect their own state. He pointed out on friday most of the department passes to thousand employees across the country remain on the job even though they will not get paid. 30,000 nonessential employees would be furloughed without pay. These are folks who, if they do not have a paycheck, will not be able to spend that money. A direct impact on your economy and a direct impact on Americas National security. Their hard work helps keep us safe. The white house says it is up to republicans to pass a clean funding bill and except the fight over the action. Jeh johnson at this hour, once again pleading to members of congress to resolve the situation to allow for full funding of the agency. The white house also saying as lawmakers return home to washington from the congressional recess, that maybe there could be meetings at the white house later this week. The white house feels confident it in its position. Quite any signs of movement on capitol hill at this hour . We do not. Another procedural vote in the u. S. Senate this afternoon on the house bill that would fund the department but also roll back the president has his immigration, executive action. Democrats have blocked three votes on the same veil the same phil. I would leave one way for the other two point. Feeling very confident pelicans will feel the runt of the blame. Republicans still feel pretty confident. Thank you. Coming up, the rise of the superbug. The risks are growing. A pipeline of drugs Strong Enough to fight them is not. We will have details next. Public Health Officials warn of the rise of superbugs. 23,000 americans die from antibiotic resistant bacteria in desperate. Bacteria in every year. Shannon joins me in studio. Shannon, recently fda issuing a warning on the use of a certain medical device. It led to bacterial infections causing two debts. Tell us what happened . What doctors believe happened is a certain device was used that you would thread down someones throat different than what was used here to see if you have heartburn or an ulcer. What they think is that bacteria, this deadly form of bacteria is getting trapped in a little tiny channel in this device that is very difficult to clean because of a design flaw and once that gets trapped in there, even though they are cleaned as properly as the protocol, it is not enough to get that out. Easily spread between dozens if not hundreds of patients. They find these sorts of procedures . No. Ucla is changing the way they claim these devices to her part of the problem is we do not really know how the bacteria got in there. We do not necessarily know 100 how to clean it out of there. There is a device that is use in about half a million procedures in the country and every hospital is doing their own thing. Some are just trying to step up and make sure they are cleaning them as well as they can. We do not know what the best way to clean them is. Quite time looking at the story on bloomberg. Com. An fda spokeswoman telling Bloomberg News the devices are used in about 500,000 procedures annually in the u. S. The agency received only 63 reports of jobs are drugresistant infections following the incidence from generate 2013 to december of 2014. This is a rare type of bacteria. Doctors say the incidence of bacteria have been spreading and increasing her first discovered in 2001 in north carolina, it has been in dozens of states. It has been found outside the u. S. The fatality rate of people infected is about 40 . It is a very deadly bacteria if you get infected with it. That is why there is concern around it. Part of the issue is we do not have a clear way to stop or treated. It is not airborne. No. You require it in a hospital. At this point, when the surgeries are taking place, one would assume to go back to the point about sterilizing the instruments, that at least in the operating room it might be the safest place to be. It is the most sterile environment for those actually conducting the procedure and for the incidence they use. Study after study found a number of thierry a get in icu rooms, on bathroom light switches, door knobs, too high that people cant forget to clean or they cannot reach them in this scope we are talking about here. Thank you. Top stories for this monday and later. The oscar critique goes to media tech Capital Partners are he will join me in a little while. Porter bibb. Mark welcome back to the second half hour of bottom line on Bloomberg Television. I am Mark Crumpton in new york. Thank you for staying with us. Lets take a quick check of the price of crude oil at the close of floor trading on this monday. You can see it is down 2. 48 , trading at 29 dollars . 61. Greece has until the end of the day to come up with new policies in exchange for funding. We spoke with the finance minister of greece in athens. We are in the process of comprising the lists we have promised institutions and partners and it will be submitted in good time. We are confident that the list is going to be approved by the institutions, and therefore we are embarking upon a new phase of stabilization and growth. Mark the greek government wants to show voters it will be able to raise wages and pensions which is barred under the current agreement. Valid pharmaceuticals has agreed to buy salix. Valiant is known as a serial acquirer. They use advantageous tax structure to buy companies, cuts research and Development Costs to boost profits. Dish Network Founder and chairman Charlie Ergen has found someone to spark growth of the company himself. He will take over for retiring Joseph Clayton at the end of march. Charlie ergen must figure out what to do with the 50 billion worth of spectrum he has purchased. Disney is raising the price of visiting the socalled happiest place on earth. A oneday ticket to the Magic Kingdom in orlando costs more than 100. Disney raise the price 6 to 105. They have spent money on team parks to add new attractions theme parks to add new attractions. There was a 3. 1 billion merger and the silicon metal and richard. Low special teams metals loeb special metals. The ceo of the new Company Joins me. Sir what does each Company Bring to an industry that has seen such accelerated growth . Globe has succeeded in rolling up the industry. I purchased it near closure. I bought it up out of the group see. It went public in 2009, and now we have reached about 1. 2 billion in market cap. We did in north america, was actually done in europe. They built up the business by first buying a spanish entity. They bought a first a bunch of Electricity Generating entities, and what this does for both parties one company that is strong in north america, another in europe, coming together in a complementary combination. Mark they will have 13 of the market share globally. With that global reach, what are you looking to accomplish . Alan we want to extend the platform which we will achieve with a 3. 1 billion footprint and an under leverett situation what will be less than 1. 4 times debttoebitda. Mark when we talk about mergers of this size, we like to look at the thinking that goes behind it. Talk about the timing of this especially with the Global Economic situation, the United States seeming to stabilize and showing growth, but not so much in europe. Talk about alan the timing. The united timing. Alan the United States has been growing. Europe lowering currency rates it can succeed to bring back Economic Growth. From a timing perspective, we think the economy is perfect because we are getting into the bottom of the cycle or near the bottom of the cycle for the european perspective, and with the monetary stimulus, we think timing is perfect. There are a lot of people looking to invest in europe right now. We are a way to invest in a Smart Company that does something unique, that will grow very very rapidly in europe, we expect, over the coming years. Mark a lot of people are looking to invest in europe are you surprised by that given the numbers we have seen out of the eurozone . Given the fact that the ecb wants to force some simplicity the eurozone to stave off deflation . It would seem counterintuitive. Alan that is right. It actually worked in the United States. Monetary policy triggered a regrowth in United States economy, and people are seeing that europe has learned from the United States, and they are looking to employ the same method. Mark when you hear a story, say what has been happening in greece, does that give you cause for concern . Do you fear contagion that could be insightful and tactful on your business . Alan that will actually lower production costs in the area and we make a product that goes into solar cells autos, silicones, Consumer Products all of these products have been growing rapidly, so production cost is what is key to us. A weaker currency over there will help us become more competitive in that environment. Mark you talked to us about some of the industries that could see the most benefit from the merged companies. You talk about Consumer Products. If you are a consumer, watching this interview, you are saying what is this going to mean for me. Alan we are creating a highly competitive producer. Since we sell to the silicone industry, through our synergies we are becoming a more competitive producer, so if you are buying food, caulking lipstick, or a car with a more competitive reducer, that should be helpful in terms of lowering your cost ultimately. Mark i have to ask any concerns about roadblocks from International Regulators . Alan obviously, in a merger like this, you always have some concern, however we believe the facts are such that we will work with the regulators and have successful consummation of the transaction. Mark alan kestenbaum, thank you so much for your time. Alan you are very much. Mark coming up the 87th Academy Awards show we will look at the winners and losers and talk about how much a won is really worth. Mark welcome back. It is time for latin america report. Brazils real dropped for a fifth straight session. Concern of the fiscal turmoil in fiscal turmoil in greece and Federal ReserveInterest Rate increases will dampen demand for emerging Market Resources assets, also push the real lower. Coming up, another chick of the top stories, and porter bibb mediatech Capital Partners of will have the ratings on last nights Academy Awards. Stay with us. Mark welcome back. Lets get you the top stories we are following. There is tighter security at the biggest mall in the United States following a terrorist threat. In a video, a terrorist group called for attacks specifically mention in the mall of america located near minneapolis. If anyone is planning to go to the mall of America Today they have to be particularly careful, and as the statement you read indicates, there will be enhanced security there that will be apparent. Federal security as well . Secretary johnson they will be enhanced security. Mark some movement in the Iranian Nuclear talks. John kerry continues talks to formalize a deal that would involve two phases. Iran would have some leeway to slowly wrapup activities that could be used to make weapons. Why do the radical pressures still continue . This domineering behavior is an obvious instance of imposing scientific discrimination. Mark that is a look at the top stories we are following this monday. Or, you can watch us live wherever you are. Bloomberg tv is on roku players and android tv and we are also on bloomberg. Com, your phone, and your tablet. Birdman won the Academy Award for best picture last night, but will that translate . Porter bibb from mediatech Capital Partners joins me. Welcome back to bottom line. Last nights audience, 36. 6 million for the oscars down 14 from 40 million last year. What happened . Porter we have reached a tipping point. The oscars are over as a television event. 80 or 90 of the people had never seen any of the films that were nominated with the possible exception of american sniper. Mark you agree with my colleagues where they asked if the oscars relevant anymore. Are they . Porter no. The original idea was to boost the box office, and historically, pictures that won got a 40 to 50 bump up. Mark now it is more of a social event people have oscar parties. It is not as big as the super bowl. Porter abc would have done better if they had a onehour show showing you the after parties. Advertisers with love that, the studios, and the sponsors of the parties vanity fair magazine, and others. Mark birdman grossed less than 38 million. Will the oscars help . Porter it spent half of that promoting its win at the academy and if they see another 10 million, 15 million, it would be incredible. They have not cover the production costs. Mark we noted the Television Audience at what about streaming the telecast . Porter that is the interesting thing. The key demographic for moviegoers is 18 to 34, and there were no 18 to 34s watching on television, but tens of million were streaming the oscars and on facebook and twitter going back and forth. Traffic was whitehot. Mark all of last nights big winners were firsttimers. Were there any surprises . Porter the irony here, mark, is that most people had not seen these pictures that were nominated. They did so poorly at the box office. Whiplash did not even hit 10 million at the box office. The one american sniper, did terrifically, but got completely shut out of most of the essential awards. Selma did very well, but did not even get a whisper. Mark seven of the eight pictures nominated for best picture, they were independents. Is hollywood giving the indies the their respect . Porter that is one leaf that has been turned. They are looking at giving recognition to independent pictures for two reasons one, they make very, very good pictures, and secondly, they do not cost the hundreds of millions of dollars that the studios are producing. Mark what lessons can the studios learn from the . Porter well, they can make money with a picture that cost 30 million, 40 million to make . Mark why do they spend all the money for no one to go see it . Porter you have to asked the people in hollywood. The same thing happened in the music industry. Hollywood is going through a transformation. Independent, television content, streaming content independent studios, hbo netflix, hulu are creating as much or more interest that hollywood is. Mark in your career in media, journalism, print whatever form you talk about transformation. Is this cyclical . Porter yes, but you cannot turn the clock back. We are headed more and more into a fragmented video, television and movie content place, and the ditch addition is as fragmented and it is only going to get more fragmented. Network television and events like last nights oscars are over. Mark in the last minute, we have to talk about Neil Patrick Harris. The reviews are in. They have the next. Is hosting the oscars now becoming a thankless job . Anyone that is not only crystal and he hosted eight or nine times he was, arguably known as one of the best, if not the best since bob hope. Are those days over, too . Porter i think whoever wrote and produced last nights show and put neil Neil Patrick Harris in tidy whiteys has to go back and think of that again because you do not want that job. Mark when j. K. Simmons won the oscar and he said call your mom i called my mom, and my mom said who is j. K. Simmons . Porter he is going to sell a lot of insurance going former. Mark porter bibb thank you. Stay with us. Scarlet fu will have another edition of off the charts on the other side of the break. Bottom line on Bloomberg Television continues in just a moment. Mark shares of tesla dropping the significance biggest drop in two weeks. Scarlet fu shows us how earnings estimates and scare price are converging now. Scarlet when you look at tesla it has been a rough start, down at least 5 and over the past five months, it has treaded water. If you bought the stock when it ipos at 17, youre sitting pretty. Lets take a look at the yellow line tracks analyst estimates for teslas First Quarter 2015 sales. Steadily ratcheted down, just over 1 billion. The white line tracks the share price that painted to a 91 million in september and has been losing ground ever since. Bank of americas analyst cut the estimate and not surprise me already had an underperform rating on the stock. Mark a call of 65 when the stock is above 200, means Analysts Expect a drop of 70 . When you look at the bloomberg terminal, no one comes close, with the Second Lowest price target at 120. Scarlet there is a 335 golf between the highest price target on this most recent revised price target from bank of america. The turn in the stock might have come last september, but the Earnings Report earlier this month was a related check an unexpected loss in the fourth quarter, a larger than expected capx plan for the year and an overly rosy look at china. They say tesla is using longterm projects that are set to offset from a steady stream of negative news and results that incurred it that included cash burn. A Bloomberg View columnist calls it a distracting deadend. Looking at tesla is a normal company could be a mistake. Niedermayer right that like space travel itself rights that like space travel itself it appeals to a deep human need for adventure. The adventure might just cost you in the end. Mark ok. Talk to me about the bullish argument here a man does not a problem . Is that what they are saying . Scarlet bullish analysts will say demand is not the problem. People nichols has the product highest price. The pushback from other skeptics is the vehicles are not as compelling as might have been priced in. Reservation payments are not the best gauge of demand because they are influenced by vehicle makes an is tradition. The issue, perhaps, is a lack of demand, and tesla appears to be pulling back on production according to bank of america. Mark i have to ask about the china reference. There was concern the chinese discharging might be that charging might be difficult and china. Scarlet yes, and that has led to a drop off. Mark thank you. Get the latest headlines on Bloomberg Radio and streaming on your tablet and bloomberg. Com. That does it for this edition of bottom line. Street smart with my colleague trish regan is next. I will see you on tuesday. Trish welcome, everyone, to the most important hour of the session. I am trish regan. This is street smart. Investors are buying corporate dealmaking and more weights to the next chapter of greeces negotiations. We will hear from said chair janet yellen tomorrow when she testifies about the economy to congress. We are counting down the earnings out of Tenant Health care, express chris express scripts and street