With five other world powers and iran. The selfimposed deadline is today. It statement is expected once russias representative returns. He is sounding more optimistic about the process. One can never be sure with anything 100 but if nobody makes the stakes too high and tries to benefit or get some advantages at the last moment, i believe so far the prospects are rather good. Betty the ultimate deadline for a deal is june 30. The Prime Minister of greece is seeking support from his opponent so everybody can be on the same page on the bailout issue. He wants opposition lawmakers to biacks plan for ending austerity. We want a new agreement for development. A new agreement that must have been necessary restructuring of the debt because no country when it has a debt of 180 of its gdp can safely come out to the markets. This is the sour truth. Betty greece and its creditors are far apart. European Officials Say the proposed reforms do not merit more bailout money. Everybody complains about the weather. But nobody does anything about it. Dont tell that to ibm. Theyre teaming up with the Weather Channel to develop forecasting tools for companies. They want to help retailers prepare better for bad weather. We will be finding out more about their joint venture, joined by the ceo david kenny and bob picciano. A mysterious tweet from the founder of tesla. Musk says his company will unveil a new product line. It is not a car. People are guessing that it will be batteries for home use. March madness driving some fans to dig deep into their wallets. The average retail price for a ticket to the final four 1900. 25 more than the prior record set last year. Those are your top headlines this morning. Just hours to go until midnight deadline, negotiators in switzerland may be close twitter limit her deal to limit Irans Nuclear program in exchange for sanctions. Peter cook has much more on the talks. It looks like things are turning a little bit for the better. Are they going to cross the finish line today . Peter theyre going to cross some line today, but at the finish line. They are closing in on an agreement a declaration, if you will of the broad agreement to limit Irans NuclearProgram Going forward, the steps needed to do that. They will have the remaining three months to work on the fine print and solidify that deal and concrete terms by the july 1 deadline which has always been the final deadline. They still have some issues to work out but they are also include some of the Authority Issues on the sidelines and use the next three months to work out some of those sticky issues about the pace of sanctions relief and what is going to happen to the research and Development Program that iran has. Betty those are the sticking points. There is one sticky point in washington. How are members of Congress Going to react to any type of preliminary deal . Peter there are a lot of republicans ready to shred this agreement or matter what it says. You can expect some Harsh Criticism from republicans perhaps from israel as well. It is safe to say that the administration is hoping to have enough here to be able to convince skeptical members of congress that they have enough here to move forward toward the july 1 deadline and there is no reason for congress to blow up this agreement at this time. Betty thank you so much for the update. Last week the deadly plane crash could have legal implications for germanwings and lufthansa. The copilot had suicidal tendencies. Lufthansa has announced it will pay 54,000 to each of the families of the crash victims. That some will not affect future settlements. June, we were talking about this yesterday. What are the liabilities for lufthansa . Is there any way they will get out of paying anymore damages . June no. There is no way. The liability is limited. The victims families can get up to one of his 60,000 depending on damages 160,000 depending on damages. The only way they could stop them from going over that cap is it lufthansa if lufthansa can prove it is not at fault. Betty it seems like that would be harder and harder for lufthansa to prove. What are we talking about in terms of amount . June anything from 100,000 to millions of dollars. Germany is at the lowest because they go by the law in that country. Germany wants to discourage litigation. The highest is the united states. People could get millions of dollars here. Its a calculation that considers how many dependents there were, how much the person made. They dont consider emotional factors at all. Its so cold. Betty creeps you out a bit. That is going to be a ramification for lufthansa. June their insurer has said that they will pick up that cost , even if lufthansa is bound to be negligent or whatever, they will still pick up the cost of that. They have set aside 300 million, which is a lot for Something Like this. Betty today marks the final trading day of the quarter. The major averages are going to record their ninth consecutive quarterly gains. Sounds like it is historical here. Scarlet it looks like the s p 500 was going to end its quarterly streak of games. When you look at the year today performance, it did bounce back. These are hardly robust gains. The s p 500 and the dow reached their peak march 2. If you look at the bestperforming sectors, we talked about all the deals and health care yesterday. The propelled health care to the best performance. Retailers and auto shares also gained. Among the worst performers, utilities and bob proxies. Bond proxies. Financials also did not do so well. The Bank Stress Test caused a lot of concern. Betty no doubt the First Quarter has been huge for mn a. What about earnings gekko scarlet we heard from intel that revenue would be less than anticipated. Sandisk is the worst performer out of the s p 500 after warning that earnings would come in less than anticipated because of lower demand for its flash memory chips. Earnings are forecast to shrink for three straight quarters in 2015. If this comes to pass, that could signal a bear market at a time when valuations arent fiveyear highs. Betty scarlet fu. Much more ahead, including harnessing the power of weather. Bob picciano and david kenny joining me to discuss their alliance to bring advanced weather insight to businesses. Betty heres a look at our top story this morning. Big corporations in indiana telling the states leaders to fix the law so it can be used to discriminate against gays. Ceos have signed a letter to the governor and legislative leaders they will clarify the measures of that nobody can be denied services. The debate in arkansas. A new deal will create the worlds Biggest Online luxury goods retailer. They have agreed to buy the transaction valued at 700 and 5 million 775 million. Mcdonalds trying to get americans to start loving it once more. The worlds biggest restaurant chain has been experimenting with serving breakfast all day long at some san diego outlets. Breakfast foods account for 25 of mcdonalds business. Talk about starbucks have extended their practiced offerings. Breakfast offerings. Those are your top stories this morning. Coming up, Fareed Zakaria joining me on everything from iran to his new book on liberal Arts Education. Defending liberal arts. Connecting with filmmaker Morgan Spurlock, more of his new original series with aol. No more excuses you cant blame the weather anymore for sluggish profits. Ibm and the Weather Company are teaming up to help companies accurately track whether data weather data. For more on this alliance, we are joined by david kenny, the chairman and ceo of the Weather Company and bob picciano Senior Vice President of ibm analytics. How did this come together . David we have a common passion around helping businesses transform. You saw us make a landmark relationship with twitter last year. Bringing the voice of the customer into every business decision. Now, we have the opportunity to do the same thing about the atmosphere. Call it the voice of mother nature. Taking the weather excuses out of business. Betty companies for decades have been analyzing whether data. How is this going to be different . David we have invested hundreds of millions of dollars in science to make sure we can get more observations from the internet of things. Processing and more quickly. Mobile has allowed us to give it back to people where they are. We have made enormous advances in both the predict ability, the insight and the analytics. It has come a long way. Betty it has come a long way. How come neither of you wanted to do this on your own . Bob it is a great combination of capability. Precision, more accuracy, more realtime information. When you look at most businesses , the way they think about their day, the same days everyday for them as it relates to whether. We get up and plan our morning around the weather. Businesses dont think about it at that level of granularity. They dont think about it on a global scale. The dont think about it in Small Businesses the way they do in large enterprises. Betty you and i have talked about this. The partnership you have with walmart. We had paul walsh on before to describe that is the way that works with them. Give me an example. How will this work with ibm . David the weather is one important piece of data it. Doing that as a one off is really timeconsuming. Hard for them and hard for us. Ibm because of their focus on in right of things, can bring lots of different data together including ours. You become part of thee fabric of the decision. The way businesses make more money is to bring this data together. We put weather in with Inventory Data economic data, competitive data so you are making the best possible business decision. Betty how are you sharing revenue . David we will develop bob we will develop sense of applications that will deliver new solutions to the marketplace. We will share revenues around the data and applications. Betty how much investment is going into this . Bob ibm is making a major announcement around its investment in the internet of things over the next four years to focus in on what david was referring to. As people build more data Rich Products so they can have more awareness about how they are serving consumers. Theyre helping people develop and design those products. Betty you have the weather twitter, who else . Companies like bob Companies Like pratt and whitney and whirlpool. Ensuring that their delivering differentiated service to the airlines as they deliver their product which powers the airlines throughout the country. Same with whirlpool. They want to have a better consumer appliance experience. Betty i have to ask you about this we had barry myers on earlier this month speaking about verizon. People are calling it the weather wars these days. Is this going to be something that differentiates the Weather Company from accuweather . People have made much about the recent advertising you put out. David this differentiates both of us, ibm and the Weather Company in terms of bringing data to decisions. We will help businesses make better decisions. Its because to a different scale. This is a global scale for the whole economy the private sector and the public sector. Its a completely it is a game changer in a fundamental way. Betty great to see you this money. This morning. David kenny and bob picciano. Coming up, one business that has many people fuming ecigarettes. Tenant take on can it take on the campaign from the cdc . Betty you are watching in the loop. Good morning. Im betty liu. The u. S. Centers for Disease Control taking on the Electronic Cigarette industry for the first time. This ad started running in prepublication yesterday three publications yesterday. He wound up using both products she wound up using both products until she ended up with a lung disease. It is part of a 68 million antismoking campaign being rolled out by the cdc and comes as the fda weighs new rules for regulating Electronic Cigarettes. Joining us is Miguel Martin president of Logic Technology the second largest ecigarette manufacturer in the nine states. United states. Miguel with the cdc and the fda there is a lot more we agree with. The cdc has talked about a lot of things. Access to these products to kids. We completely agree with that and believe these should only be confident sold and targeted to adults. Betty what are you doing about it . Miguel we are not going to come out and refute the cdc. We support the fda and the sciencebased approach. Betty the cdc and critics would say i get it, you agree that you should not be marketing these to children. What are these manufacturers doing to make sure it doesnt get in the hands of kids . You have flavored vaporizers, gummy bear, cotton candy bubblegum flavored. Why produce those if you want to keep them out of the hands of kids . Mcgill miguel we dont have any youthoriented flavors. A lot of these profits are accessed by kids to the internet. We have one of the most robust Internet Security systems. Here in new york city, you have to be 21 to access the website. The vast majority of our products are sold in brickandmortar stores. We would support a complete ban on sales on the internet so kids could not have access. Betty how do you verify that and make sure they are 18 or older or 21 or older . Mmiguel the excess credit record so if you go in, you have to be the person you say you are at the address you say you are. If you are a child that buried your parents credit card you would have to take a smart quiz. What type of card you have . Car did you have . The most important thing you can do is make sure that these are only sold in brickandmortar stores. Betty the other criticism from the cdc, these products have been marketed as an alternative to smoking. What some reports are finding is that 75 of those who vape are also smokers. There are some studies out there come if you are watching ecigarette adds you are more likely to smoke or take up cigarettes if you have already quit. Betty miguel if you think about the way these folks are seeing these products, we would support a ban on television. You are not having some of those concerns. We will learn a lot more about these products. Like traditional cigarettes, they are chemical compounds. As you ascertain what is going on with them, you can make changes to these products and give smokers an alternative. Betty do you feel do you agree with the studies that say that vaping encourages smoking . Miguel i think it is too early to know that. We are at the beginning of this process. Patches and gums and other alternatives for adult smokers have not been as viable. This is a product that is a lot more viable because it picks up on a lot of the score cues those core cues. Betty how prepared are you for the fda . Miguel we are spending millions on it. This is a process that a lot of companies have been through. We think this is a differentiation point. Ingredient disclosure, labeling isocertification, manufacturing adherence transportation it is substantive what you have to do. We support that. We think that is the right thing as this industry moves forward. Betty thank you so much. Great to see you this morning. Miguel martin, the president of Logic Technology, one of the largest ecigarette manufacturers in the u. S. Signs of progress today in the Iranian Nuclear talks. Officials say an agreement is near on some major steps. John kerry is back at work in switzerland with five other world powers and iran. The selfimposed deadline is today. The ultimate deadline for a deal is this summer, june 30. The primary stroke greece is seeking support from his opponent. He was opposition lawmakers that the Prime Minister the prime and asked her Prime Minister of greece is seeking support from his opponents. Prosecutors say the copilot planned for the germanwings tragedy had been treated for suicidal tendencies. Andreas lubitz intentionally crashed the airliner last week. He went through psychotherapy before getting his pilots license three years ago. Lawyers for the accused Boston Marathon bomber calling witnesses today. The prosecution is wrapped up its case. His attorneys are trying to prove he was elsewhere when the biomaterials were bought. He could be executed if convicted. Some musicians and say they feel shortchanged by internet streaming. Jayz is behind title. He and his wife will hold stakes in the company. When you see such incredible emotion, today is an amazing benchmark for something very significant. Were definitely creating a difference really to have a sense of control is what tidal offers. Betty usher talked about it with pimm fox paid into the full interview today at 5 30 eastern time. We have some breaking news right now. Scarlet fu at the breaking news desk. Scarlet a Bright House Networks is owned by this is a transaction worth 10. 4 billion. Charter will own 73 of a partnership while advancing new house will be owning the ballots. A 10. 4 billion transaction in which liberty broadbands equity will be 19 of new shares. The headline here, Charter Communications buying Bright House Networks for 10. 4 billion. Betty a huge deal. Much more ahead. Learn to code. That is what we all hear these days. Fareed zakaria says hold on math is not everything. She makes the case for liberal Arts Education he makes the case for a liberal Arts Education, next. Betty recently come wall street executives are not the only one having to Silicon Valley universities are making the big move as well. Northeastern announced it will establish an educational held in the bay area. Interest in size technology, engineering and math is growing at top colleges. Why is this . This chart shows at all. The average starting salary for engineering majors is well over 60,000. For history majors just over 40,000 when you graduate. Fareed zakaria says this is all a big mistake. He argues the point in his new book and joins me now. Great to see you. I read through some excerpts and you say yes this is a mistake. Why is it a mistake when many of the top colleges have underfunded Computer Science departments . Fareed im not making an argument against stem. It is incredibly important and very valuable because the simplest way to solve that problem is immigration. Give these foreign engineers a green card. The point im making is it is not the only thing that is important. There are many paths to success. It is true that engineering graduates in general start off somewhat higher. Over 20 years, the liberal arts graduates make it up, especially at the end up going to grad school. Your second, third, fourth jobs have little to do with your first job. What you need for 50 working years is strong basics the ability to think and learn and analyze and develop social skills. The liberal arts can do that just as much as engineering can. My point is following your passion. Dont forsake english and history. There are a lot of ceos who are english majors. Betty i was an english major. I remember the amount of student debt i had to pay after graduating fr. When you look at the 40,000 you might read as a history major many liberal arts majors when they graduate are loaded with student debt that they cannot pay off because they cannot get the job that will help them pay them off. Fareed student debt is a huge problem. If you end up making 50,000, you still have a lot of debt. The solution to that is also in hand. Education has not been changed by Information Technology at all until now. Education is done the same way it was 300 years ago. The information revolution has finally come to education and what you are seeing is these online courses where people are taking it for free as that will put enormous pricing pressure on most colleges. Betty speaking about the pricing pressure, look at the liberal arts colleges around the country closing down. Sweet briar in virginia. The alumni dont want this college to close down but they are because High School Grads are no longer enrolling. They cannot find the jobs to pay back the loans. Fareed this is the mistake. The mistake is to not to believe you cannot get a good job through liberal arts. If you look at the kind of work america is going to do we are not going to be in the business of competing with china to make computer chips. They will do that better than us. What america will do best mostly service, not manufacturing. We will do better at figuring out how human beings interact with technology, how technology is used in terms of the human elements. Thats why steve jobs says apples dna is not technology. He says the most important class he ever took in college was calligraphy. That is where he got the idea for the design for the mac. Betty some people might say what you are arguing is dangerous against the current trend we have seen. Can you pull up this chart we have . It shows el harvard el, yale, harvard, princeton have underfunded their Computer Science programs. You look at the bottom, university of illinois has been one of the most prolific in terms of funding their Computer Science department. Maybe this is just a catch up here. Fareed what you are looking at there is something slightly different. The big elite universities have typically spent a lot more money on basic science rather than technology. You look at harvards physics department, you would be awestruck. Math, things like that, they tend to be stronger than Computer Science which was regarded as an applied science. That is a slightly different issue. If you look at stanford, whats interesting they are trying to figure out how do you marry technology with the liberal arts. Theyre coming up with majors like math and music. Look at their Design School its an incredible case of liberal arts, design, architecture and technology altering to Work Together because that is where america is going to be. Mark zuckerberg says the key insights that made him make facebook what it was was a, not technological. The internet was the land of anonymity. Betty fascinating. Thank you for joining me. Fareed zakaria the author of in defense of a liberal Arts Education. Six new yorkers had six months to film their every move. A new dawn in Reality Television . Full details on this, coming up. Betty heres is a look at our top story this one. Investigators say the men dressed as women who drove to the nsa headquarters simply took a wrong turn. Please say they had spent a night in a nearby hotel. A second day of the vote counting in energy area in nigeria. Half nigeria states reported their results. The returns are early and things could change. Coming up, we will look at how oklahoma has become the most seismically active state over california. The possible link to fracking. How would you feel about filming your every move and sharing it with the world . It is really hard. That is what aol originals asked the stars of its first longform original series to do. Six ordinary new yorkers agreed to film themselves and their lives for six months. The result is the documentary connected. Joining me is Morgan Spurlock and the president of aols video. This is a 10yearold film. I still think of you as mr. Supersize me. That will be forever. Tell me first i watched these clips. Susan sarandon is not an ordinary american. You got her to film six months in her relationship. Morgan her boyfriend is one of our central characters. Susan becomes the plus one in the show. A great story. Betty a great story. It is about their relationship. You have stories about families trying to a woman who tries to get pregnant. A gay couple, a blended family. Why did you want to do this for aol . We believe in content and we believe in video and we believe there is a new moment in Reality Television that is about stories and characters and this show is full of great stories, great characters. It is about relationships. We think there is something in the show for everybody to connect to and we think there is a certain genre of reality that turns into conflict and throwing tables betty the real housewives . Taking aim at the Cable Networks . Maybe i am. Maybe it is time to tell Better Stories with better characters. Morgan this show raises the bar for what Nonfiction Television and the promise of what reality was back in the day should really be. People are betty you think it works better for streaming . Morgan we believe in ott come over the top. I dont think the consumer cares how it gets there. We dont break the world down in terms of digital or analog because we dont think you missed it down that way. They want to watch on every screen they have. We are on 16 devices. Betty what streaming device do you like the most . I watch a lot of apple tv at my house. I watch everything i can. Im a huge netflix fan. Betty they released their series, everything at once. Why arent you doing that with this . Morgan people will spare them in with this idea of binging and what aol is doing is what we like to call batch binging. We will release four episodes today and then every week watch for more. Four more. The watercooler conversation. If you can create that a little bit at a time but still get people give people the ability to binge, it is a win. Betty advertising online, the rates are going down. Is this your way of trying to get more premium advertising rates . It is about premium. Advertisers want longer engagement. Digital went to all devices and is now coming back to the living room. We sell it in the new fronts and package it altogether. Sprint is our partner. Its about longer engagement and back to the living room. Betty getting back to morgan, i have to ask we had some news out this morning, they are going to morgan they are going to have kale. They will have vegetables. Betty they will have breakfast all day. I charted where mcdonalds stock has gone. The returns are enormous. For you, what do you think about mcdonalds now and how the company is trying to recover . Morgan they made an announcement they were going to suddenly start serving. Chicken. Serving pure chicken. What have they been feeding us until now . Betty do you ever want to give them a break . Morgan why give them a break . Until they start serving positive food, we need to push them as much as possible. Betty Morgan Spurlock and dermot mccormick. We will be back in two minutes on in the loop. Betty welcome back to in the loop as we are 30 minutes away from the opening bell. Futures will edge slightly lower the opening. Greek crisis is weakening the euro to a store historic lows. Agreement is near on the nuclear negotiations. That is a major step. Secretary kerry is back in switzerland with the other world powers along with iran. The deadline to stop Building Nuclear weapons is june 30. Greece wants the opposition to back its plan on austerity. It told the Parliament Debt restructuring must be part of any new deal. European officials proposed it does not merit more bailout money. Investigators say 27yearold andrea sloop it intentionally crash the airliner last week. He had psychotherapy before getting a pilots license three years ago. Now a Music Streaming Service owned by artist is on the way. Jayz is behind the title. His wife jan faye and rhianna will hold stake in the company. His wife beyonce and rhianna will hold stake in the company. Anytime you see this kind of emotion, to me, is a benchmark. Very significant in artists careers, who are definitely making a difference, creating a difference. The ability to have a sense of control is what title tidal offers. Betty usher will also Share Ownership of tidal. You can see that on taking stock. Our housing numbers are out for the month of january. It looks like a flight eat 0. 8 a slight beat 0. 8 rise in the housing market. Scarlett that is right. On a yearoveryear basis, were looking at a slight pick up as well. 4. 7 increase over the same time a year ago. That was faster than the 4. 4 that we logged in january. Yearoveryear gains, 14 out of 20 cities posted gains. Chicago had the biggest increase. And 10 francis had one of the smallest. San francisco had one of the smallest. We also had other home data earlier this week and last week that were fairly encouraging and could signal that even with the bad weather in the northeast and even with concerns that the federal the fed will be raising Interest Rates soon home sales seem to be impact in tact. Betty lets get you down to the top tech headlines before hitting the bell today. Julie hyman joining me this morning. Lets start at number 10. The announcement from ibm and the Weather Company, saying that the two are teaming up to help other companies in retail, insurance, and everywhere else to anticipate that weather. I spoke with the companys ceo and an analyst in the last hour on this. Any company that says, as far as reports on the bad weather, they have no use anymore. Class that is the thing and thats why i dont give will catch on because companies will not have an excuse anymore. They wont the able to blame the weather anymore. Julie this brought up a couple of examples from retail. Jcpenney macys, some of the examples of Companies Across all retail. You can manager inventory better, perhaps if you have a better idea of what weather is coming. But you cannot control who comes into your store. Yes, you can do the best case scenario, but there are many things still out of your control. [bell] betty exactly. Bob including the weather. Betty bob miller is planning to step down this year. He became chairman of the board but plans to stand for reelection as a director, but will not remain chairman. The word on the street is that he came in their five years is about the average time that chairmanship and directors serve or that committee serve. And they have got back on track. Sadly, Bob Benmosche passed away just a month ago, but miller felt this was the time to step down and make way for new leadership. Bob they are boring again all right . Betty you mean that in a good way. You want to be boring. Bob as a journalist, we love conflict. Betty bob bob we love the stories. Betty if an insurance company. Bob we are back to that now and he can leave clean. Betty ok, number eight. Elon musk does it again. Tesla shares got a boost yesterday, about a billion dollars after he tweeted major new tesla product line, not a car, will be unveiled at our hawthorne Design Studio on tuesday, 8 p. M. , april 30. No more details, but let the speculation begin. Julie there is talk that it will be some kind of storage battery in your home. If you have solar patterns solar panels, that is the conundrum about renewable in Just Renewable Energy getting it to stick around. You want something to store it like a battery. Betty so using a car in many ways as storage . Julie no, having an actual unit in your home. Bob we are taking a story here. Elon musk belts. Belched. Betty i hope he is not paying a pr or marketing team, because he does it all himself. Bob but you know, hes the man. In all seriousness, lets get away from fossil fuels already. He is one of the guys to count on to do that. Betty he is the guy that other guys want to be, or that they want to hate, too. Bob ok. Betty if you are in san Diego Mcdonalds is experimenting with the allday option. The new ceo is trying to pull the restaurant chain out of its u. S. Sales slump. Weve been hearing about this. I kind of say, hallelujah. Julie a lot of people say hallelujah, i think. For a lot of people, oh, we have switched our operations over to the afternoon duff. This will kill anybody to the afternoon stuff. This will kill anybody who has that excuse. Betty cant you just make the egg mcmuffin . Bob the whole country is not 95 anymore. You see people walking down the street is not 925 anymore. You see people 9to5 anymore. You see people walking down the street in new york in the middle of the afternoon in pajama pants. Betty mcdonalds has said they would not want to do this before because it would impede their lunchtime and afternoon. But fewer people are going to mcdonalds during lunchtime. They got the room now. Buckle and they would have too many customers, is that what they are saying bob they would have too many customers, is that what they are saying . Betty the first Undefeated Team in college mens ball and 39 years, the pressure is on. The average price of tickets for the championship games, 25 higher than a year ago. Bob i have to recuse myself from this discussion because im a graduate of Michigan State university. Go spartans. Julie dont recuse yourself. Are you buying the tickets . Bob i am not, because i can watch it on hd in my living room. Its great to be there, but im not going to go to indiana anyway. Join the boycott. Its a political thing, julie. Betty apparently, 31 of the tickets being sold right now come from kentucky, you can imagine. [bell] im out of time. I think michigan might be the next state. Coming up the new ceo starts work today that knows more about tech and fine arts. Can he bring the historic auction house into the 21st century . Betty we continue to count down and we are halfway through. Number five is the auction house celebes. It is the first day on the job for president and new ceo. Smith is the Top Executive at Madison Square garden has no experience in the art will art world. He says recently, my colleagues at sothebys know more about the art world and i ever will learn. How did he get the job . Cut yet it is he thinks caught you katya it is really his experience in technologies. When he was at Madison Square garden, he brought in targeted advertising. Depending on where you sit in the arena, you see different things. Betty so localized advertising even microlocalizing. Katya if you have further way sees, you might be credit card ads. If you have received, you might see wealth promotion. Betty the sothebys need that kind of reform . Katya it seems that it does. Its biggest rival today is ebay. Tomorrow, the auctions will begin and they will be trans and live on the ebay platform. Betty this is a live auction in partnership with ebay. Was this his handiwork echoedka tya was this his handiwork . Katya no, it was not but it really shows where the company is going. Online, everyone is trying to figure out how to make it work stoppage a new frontier. They look that is for the process may lie. Ebay is 25000 and below. Hopefully they will have expertise and technology to boost that. Betty help me understand this. Wouldnt an auction house make more money on these sales, the 140 million picasso versus focusing on a bunch of 25,000 or below items . Katya the figures are much higher at the top and that is with their competing because its more glamorous. But in order to get that, both houses have to give up so much margin. They have to make caring team to the sellers to bring this work. They have to make guarantees to the sellers to bring this work will stop who bring this work. A lot of them get commission from the cosigners and from the buyers. The profit is better on lower price works. Betty dan loeb is ceo of dan low recently put out this statement. How important is it for ted to have dan loeb in his corner . Katya very important. It seems he is supporting them at this point. He got a really good compensation package, better than rupert had, even though dan criticized him for having that. Loeb is the biggest shareholder, but the secondlargest is mark otto. He seems to be on a little bit different page at this point. Betty theres going to be some tension there. Thank you. Coming up, ben bernanke joins the blogosphere. Hes are posting his opinions online. What is bugging him still . Betty lets get back to bring you the most wanted stories before the bell. Number four, ben bernanke. Now hes going online. Welcome, then. He finished writing a book and will start blogging now. He will blog about economic and Financial Issues and addressed questions by readers. We get to see more about then. Julie it is pretty cool. I read his first blog. Let me paraphrase. He says dont blame us or county doesnt really say that, but he says its the economy dont blame us. He doesnt really say that, but he says is the economy that needs to justify an appropriate level. Im sure hes is in him to lecture away, and im probably vastly oversimplifying. But he did defend the set defend the fed against some of its critics who have said that you have artificially inflated asset prices and or members of congress who have criticized the fed. Its an interesting piece. Bob im trying to become a guy is. Then who . Ben who . Ben bernanke . Betty i like his comments about not being under the microscope by the fed watchers. Bob i think about Alan Greenspan though. Yes primus lost all credibility he has pretty much lost all credibility for what happened after him. Betty number three, focusing on growing business domestically and internationally for comcast. Comcast continues to await the approval of time warner cable. Bob things are kind of boring and the broadband business. Julie that is another boring business. Bob, you are easily bored. Bob i have a high level of gordon boredom, i do. But this is something where they can seek out Venture Capitalist have fun and find new opportunities and maybe far maximum the research and development that they could be doing inhouse, but they are too busy buying other cable companies. Betty i would say that i agree except the 4 billion is a number. A lot of other companies have the ventral Venture Capital arm and its hundreds of millions of dollars. What is is about and how might it be related to the Regulatory Approval or lack thereof . Julie maybe they are going to buy the mistreating from elon musk. Betty number two investors in china sold 274 million in chinese shares through monday. We found we see monday more numbers like this. Julie this is what you were saying the other day. You were saying there was at this next year. Look at you. Because foreigners are pulling money out even as mainlanders are still pouring their money in. What is going on . Bob you were accusing me of boredom just a second ago. Eddie are you bored with china . Betty are you bored with china . Bob no, this is great. Betty futures have settled and as you can see, futures are down. Betty welcome back to in the loop. Julie hyman joins me this morning. Our number one story is the fed. How low will the central bank let under go before deciding to raise Interest Rates. There is room for improvement in the job market and rejection of unemployment longterm was marked down as low as 5 . They kept bringing down the rate of unemployment. Julie is unemployment a problem . I dont understand. They keep moving the target and they dont quite know. It is like we are getting to the point where next thing you know Alan Greenspan will be on bloomberg tv. [laughter] we like low unemployment and inflation. I do know what they are using to measure. I will be one of those cranks and say when i go to the store things seem to be a hell of a lot more expensive than a year ago. Betty that is transitory. Bob it is time to fish or cut bait. Are they or will they not . They are kind of moving the target around so nobody knows quite where they are going. Betty fed credibility. Stocks are getting ready to start trade. This market is looking like 2014 all over again. The s p is about 1 higher than at the start of the year. Treasuries are paring some of their gains from earlier this year. Is this good news the fact that we have oil slumps and the dollar scourge . Mark travis joins us now. What do you make of that given all the volatility that we are where we were last year. Is that a little bit of comfort . Mark i am never comfortable. Betty you are in florida. Mark in that aspect i am i heard it snowed up there. The world has not completely turned upside down. I think we are certainly in an environment where the markets are anticipating rates rising. This has been a sixyear bull market. It is hard to squint your eyes and think back to the early parts of march of 2009 and how people disdained equities and now how they love them. If you look at the market cap as a percentage of gdp, we hit some obvious highs in the tech bubble in the march of 2000. The crest began around the fall of 2007. We have gone past that peak. It is difficult to find stocks people do not love, but i have found a few. Bob i heard you were a tesla bear. Why . Mark i think i need to separate my feelings about the vehicle and my feelings about the valuation. From what i can tell, it is a great vehicle. Everyone that has one loves them. Betty have you driven one . Mark i have not. I am afraid of being stranded. All kidding aside, i think the market can stay rational or solvent. I dont see how you can sell 32,000 cars however nice they may be an garner a 26 billion market cap. There seems to be a disconnect from my perspective. We are subsidizing wealthy people to drive a car that goes 200 miles without a charge. I dont see it. As long as you have people like bmw and porsch chasing you, that will be problematic. Will the stock of from 200 to 100 tomorrow, i cant tell you. Betty are you betting that will happen . Are you actually shorting the stock . Mark that is julie, right . Julie yes it is. Mark i can tell. I need to distinguish between my view on the position of the market and evaluation. Of the market and valuation. Again i dont see how you can support that valuation with the amount of sales they have. The latest announcement they might be profitable in 2020. I dont know how that lasts. Betty you mentioned there are some stocks that you do like. You have picked and chosen a few of them. One in particular i think is interesting because you admit it has been painful having to hold this company stock. Northern oil and gas. Why are you sticking to your guns on this . Mark i would mention the fund i run is equity and debt so i feel like the 8 coupon of 2020 of northern oil and gas is higher up in the capital structure than equity. At . 90 on the dollar, a superior claim to where the equity is. It is an interesting operating model. The control about 185,000 acres in the balkan. They arent operating partner with most of the major rollers they are an operating partner with most of the major drillers. I think from a Small Business management risk and controlling your Portfolio Management size the equity could work out. It is hedged through the first half of 2016. If we wake up this Time Next Year with oil at 35 a barrel, i think all bets are off. I would not invest all your money in northern oil and gas at this point. Julie what if we do see oil stay around these levels . What if you dont see much of a rebound . For companies that have these Balkan Holdings there are a lot of committees involved in north american shale, how long can they suffer through oil prices where they are now . Mark well, i think the ones we looked at anyone i just mentioned is hedged so they can hang in there for a while. You have started seeing some curtailment of activity. My guess is we are probably another year but i think you will start seeing people seeing the proverbial light at the tunnel being a train coming to them. They are starting to pare back and they will pair back further if things dont improve. Can i mention on the air that the saudis are bombing in yemen and that might be a supply disruption . Betty true. Mark who knows what will happen in the International Oil markets. Betty thank you so much, mark travis. Great have mark and julie and bob joining me at the opening bell. Much more ahead on oil or it oklahoma might have a hundred earthquakes this year alone. To the rapid increase in oil and Gas Production be the culprit of that . More on that next. Betty trading just underway. The last trading day of the quarter. Stocks are down. I want to get to scarlet fu with a look at some of the early movers including Charter Communications. Scarlet charter buying a majority stake of Bright House Networks which is on by billionaire Stein Newhouse junior. There is a 2 billion cash component. There are several conditions involved. Regulators of course have not yet approved comcasts purchase of time warner cable. Comcast is creating a new company with its cfo that will invest in other businesses. I like how bob ivry put it. The company will kick in 4 billion while the cfo will invest at least 40 million. Betty billions there is another billiondollar deal. Scarlet a unit of johnson controlling salt and the price tag is a most 1. 5 billion which will be funded with existing cash and debt. Betty thank you so much. Scarlet fu with some of the movers as we start the trading morning. When you think of the state of oklahoma most think it is synonymous with earthquakes. This year, the state is on pace to experience 800 of them. Now they must seismically active over california. Scientists have studied the link between this and the rapid increase in oil and Gas Production in the states. Specific links to underground disposal and oil and gas wastewater du jour hydraulic fracking. And you article on bloomberg shows there may have been instances where scientists may have been pushed to not disclose events and meetings. Matt joins us from d. C. Your article is great. It starts by citing a meeting between Harold Hammond and oklahoma seismologist in 2013. What transpired in this meeting . Matt in november 2013, austan holland who is the state seismologist for oklahoma gets a request to have coffee with harold him him anamm. The request came from david boren. That is where holland works. During the meeting ham asks holland to be careful in making a connection between the wastewater disposal and the earthquakes that are rattling the state. We know this because the emails from holland, he is writing to colleague saying he is nervous about it. And subsequent interviews we have had with them, he said hamm asked him to be careful in discussing this link. He was very careful in the next few months about making that link. Betty very careful about making that link. Continental resources refutes this account. They say the insinuation that there was something untoward that occurred in this meeting is offensive and inaccurate. This is according to Continental Resources spokesperson. Your findings and as you just mentioned say otherwise. What is your take on this statement . Matt a month before holland met with hamm he had an additional meeting with state regulators and another executive at Continental Resources. Both of whom are saying they are nervous about this connection and they dont want this to be discussed publicly. This trail of emails also has examples of Industry Trade groups a holland directly asking him to water down language making this connection. Oil and gas really is the dominant industry in oklahoma. It is possible for one in five jobs and it has huge political grasp. Betty tell us the link between disposal of the wastewater and horizontal fracking and how that is linked to seismic activity. Explain the process to us. Matt the new fracking boom these new horizontal rails drilling into shall produce vast amounts of wastewater. This is salty toxic water that has been trapped in the rocks for millions of years along with the oil and gas. In a lot of cases with these new wells, you are getting way more water than you are oil and gas. We are talking hundreds of bills of water for everyone barrel of oil. You have to put it somewhere. In pennsylvania where they are doing a lot of natural gas drilling, they recycle and reuse it. In oklahoma they dispose it. They put disposal wells that inject it deep about a mile underground. It is this water over the past few years that scientist believe is lubricating these faults need the ground in oklahoma and reducing the friction that has cap defaults has kept these faults from slipping. Betty thank you so much for bringing up that story for us. Fascinating story. In the meantime, we are getting breaking news on the economy. Chicago pmi index is at a reading of 46. 3 below estimates. Scarlet fu has more. Scarlet it is below estimates although it is an improvement from the prior months rita 45. 8. Read at 45. 8. A little bit inconsistent as well with recent Regional Manufacturing surveys. This one, the chicago pmi is the one most closely watched among these regional surveys. U. S. Stocks are holding onto their losses. They have come off their lows but they are losing by at least half of 1 . The 10 year yield not showing much change. The dollar remains near its highs up by half of 1 and 9841 at 98. 41. Betty aston martin ceo joining us to talk about the new York International auto show. Cant wait is he with a have. We will be back. Betty aston martin. Ceo andy palmer would join Market Makers ahead of the new york city International Auto show to discuss what the brand has in store this year in terms of electric cars, suvs, and perhaps even the next double a seven movie. The next 007 movie. I want to bring in matt miller who will sit down with andy palmer in the next hour. You got to see whether will display at the auto show. Matt a lot of people have seen pictures and read about it. They will show the vulcan, which is a new score that is for the a new car that is for the track only. It is a race car. I am excited to see that. Betty you test drove it . Matt know, i was driving the vanquish. You can see a picture of it here in the bloomberg courtyard. Betty is that you in the back . Matt that is my little brother. I am bringing it home where he lives so i guess he didnt need to come to bloomberg to check it out. I have driven every aston martin you can buy now. These lines are getting a little bit old. They have been around for a long time. I wanted a vanquish when i was in my fraternity. It has been a while. Betty does that mean you would turn one down if you got one . Matt absolutely not they are one of the most gorgeous cars ive ever seen. They are coming out with a new car for the james bond film. It is only for the film. I will ask about that in the vulcan. One of the things that is exciting is thinking about the future technologies that acid martin will employ. It has had problems getting funding to do too much future tech in its cars. It didnt have Safety Standards met for the u. S. With the vantage. They will make electric cars now. They have been talking about a dbx concept which is an offroad range rover type. I have no use for those kind of cars. Betty had he feel about an electric aston martin . How do you feel about an electric aston martin . Matt i have no use for these but maybe they will come out for an electric version of a car that may be a direct competitor to tesla. I want to see who they are partnering with to make the new electric car. Betty thank you so much matt miller who will anchor Market Makers. The sure to catch the full interview with andy, and the next hour with andy palmer in the next hour. Coming up, a musician trying to take back the serving business. Jayz launches his service. More on that next. Betty music mogul jayz is making a splash in the music streaming business with a relaunch of tidal. A by the company in january for more than 50 million. Some of the worlds biggest pop stars join him on stage to endorse it last night. Many of them coowners including his wife beyonce. They say tidal is friendlier to artists. Such drivers will get access to exclusive content. Is there space for another Music Streaming Service . I am terrible at it. I still use itunes. We have more on this with christina. You have pandora and spotify and others that are popping up. The have been around for a while. Spotify has been around since 2008 and has many millions of users compared to tidal which has 500,000. That is a lot of room for growth. And analyst said it is a crowded space but not a saturated space so there is room for a company to come in and come do something. We are seeing downloads start to decline by quite a lot and we are seeing streaming revenue skyrocket. Betty what will tidal do that is different than the others . I was struck by the power that jayz has. All his friends were on stage yesterday. Remember taylor swift a few months back pulled her catalog from spotify because she felt like she wasnt getting a fair shake. They have started a business that is artist driven which will get the more revenue. That is the focus Going Forward for them is just making this more artist friendly service. Betty usher was on stage and will be an investor. Here is what he said. Usherwe dont have the comment from usher. You have it now . Usher it is hard not to, especially when you see such incredible motions. Today is a really amazing benchmark for something very significant. Many artists careers are starting to create a difference. The ability to have a sense of control is what tidal offers. Betty how did the spotify of the world react . They are on a premium model. They are on a different model. You can pay more to lose all the ads and such. Entry level for this is 9. 99 and what they are offering is better quality audio so we will see of the other services will match that. Betty great to see you. David our newest addition on the Bloomberg Television team. Tomorrow, when will Hillary Clinton launcher 2016 campaign . Will play political poker with don. Dont miss the biggest names in auto tomorrow including audi of America President and the president of cadillac. That is right here on Bloomberg Television. Live from bloomberg headquarters in new york this is Market Makers. Matt negotiators are close to a deal on Irans Nuclear program. If sections are lifted, what will all of that iranian crude to oil prices . Time to say goodbye to the bowl . There may be in and to the stock markets six year rally. Matt behold one of Aston Martins new cars. I will say what it is like to drive one. We will talk to the man who makes them. I am at miller and welcome to Market Makers. Looking at that car they will show it in new york tomorrow. Olivia we are in today for stephanie and eric. We have a huge show in line for you including the ceo of us in martin and it is deadline day for the preliminary deadline with iran talks. We want to get to scarlet fu. Scarlet the Conference Read comes in higher than