Nichols in brussels as it appears that the eurogroup has reached an accord on a bailout fund for greece. Good evening. The latest is that in three or four minutes we will hear a press conference from eurogroup officials and that should be a strong indication that they have a deal. The deal was still being discussed him it was on the table. There had been a pulmonary agreement between the greek side and the german side. The greek agreement went all the way up to the prime minister. A week and half ago when we had this discussion, we had a similar discussion, we thought there was an agreement and then the finance minister called back to athens and mr. Tsipras scuttled the deal. The headlines are crossing right now on this just informing us what is in the details of the deal. That is going to be the next question. What does this deal encompass . Germans were very firm heading into it. They can have a discussion about some sort of interim financing and then renegotiate potentially the entire debt that greece owns. What happens if the deal is it reached . Well, there is still this weekend to work things through. If a deal isnt reached, you could always have the actual prime ministers and president s gather here. He is a former polish politician has ruled out a sunday meeting. That makes a monday meeting possible. It is an effective three day weekend. That seems less likely if it does appear. Reports are trickling out of this finance ministers meeting in brussels. It looks like we may have some sort of an agreement. What about the length of this extension, why would that matter either way . Four months appears to be what is for. Six months if it is a little bit longer. It could put greece in the drivers positions. Four months each the pressure on greece. They have a big payment due to the ecb. They dont want to gloss over that and the ecb still potentially needs to have some leverage. This does not give them as much time as perhaps they may have wanted. Hans nichols owning us from brussels. Thank you. Lets check the u. S. Equity markets which are rising on the prospects of a deal from greece. Lets go to the breaking news desk. We are seeing a lot of euphoria in the market. The dow and the s p are having their best day in the week. Both looking at record highs. You can see the dow and the s p really mirroring each other pretty much all day and perpetually climbing higher as you continue to get this news out of greece. The s p and the dow are both on track for a record close. Both of them hitting an intraday high. The nasdaq is it near its record highs but it is getting pretty close. We are looking at about 100 points until the nasdaq hits its own record. That hit the record in 2000. The nasdaq is still climbing higher. The dow is up by triple digits. Alix steel at the breaking news desk. The u. S. Transportation secretary just returned from a fourday bus tour through five states. The purpose of the trip was to highlight the importance of investing in americas infrastructure and to urge congress to act on a longterm transportation bill. Secretary fox joins me from washington along with peter cook. Gentlemen, thank you. Mr. Secretary, thank you so much for your time. What concerns you most during the trip . What did you see about the discussion of Infrastructure Improvements and the increased urgency . This trip was a trip through the southeast part of the country. In every state, you can see the signs and the wear and tear on our infrastructure. We were in jacksonville and we saw on underpants where it is underpass where it has crumbled. This is not america that we expect or deserve. You are trying to draw attention to this issue. Has this moved us any closer to a bipartisan solution . It is back there in Washington Republicans in congress. Where does it stand now . As you know, one of the biggest issues is how do you pay for it. Congress have in the kurds pay for it is having the back stock of citizens demanding they pay for it. What i can say is that on a bipartisan basis, there is a growing recognition that this is a serious issue that Congress Needs to address it has to address quickly because eight 10 month extension expires on may 31 of this year. There is a need for some bipartisan support. Are you speaking to republicans . The president proposed to link the infrastructure issue to Business Tax Reform and the president was going to Ask Companies to foot part of the 478 billion dollar tab through a onetime tax on foreign earnings. I have been in contact with leaders on both houses of congress. Republicans and democrats. I know the chairman of the house ways and Means Committee is working on a similar concept. We will continue working with republicans and democrats. How confident are you that that can be avoided . Well, we have to do something. We have had 32 shortterm extensions in the last six years. It has been passed at decade since we had a sixyear transportation bill. Communities and states are slowing down their planning process, they are not getting projects done. States like tennessee 400 Million Dollars in projects. Arkansas has pulled down 18 projects. We are going in the opposite direction. This is a way for the parties to show they can work together. There is a growing consensus that this might be an area wheres congress can Say Something positive to the country. Isnt one of those answers the easiest solution to this, an increase in the gas tax why wont of the administration and brace that . Well, look the fact of the matter is that there is an opportunity with progrowth Business Tax Reform to apply a onetime tax on untaxed corporate earnings. That would generate double what the gas tax is bringing in. We would have the ability to do a lot more infrastructure building in this country over the next six years. We have said the other solutions, we will continue to keep an open mind. Our proposal is a proposal that can be done without raising tax rates and also without increasing the deficit. I want to pick up on one other item that is in your jurisdiction these days and that is a course situation with the airbag investigation. Today you announced that he will be imposing a fine on the maker of those airbags in question. 14,000 a day for not adequately cooperating with the investigators. The company is surprised and disappointed by this action, they strongly disagree with the characterization that they have not been fully cooperating with the government. What is it that they are not giving you . What is your response on their take . Well, we are still trying to do a root cause analysis on the cause of these airbag problems and we have issued to orders to provide us information and to specifically point us in the direction of what the root cause is. What we have received is basically 2. 4 million pages of documents. They do nothing to shed any light on where the problem is actually coming from. It is a big problem for us and the bigger problem to the traveling public. It delays our work and finding the root cause. Mr. Secretary, you are saying that they are hiding information from the federal government at this point . Well, it was a record jump. I have been around long enough to know what a record dump is. Frankly, it is not as helpful as working towards getting to a solution here. We will continue to impose fines until we have the information we need and the way we needed. 14,000 a day, is that enough to move the needle for to caught or any company . I know you have been pushing congress to give you power for stiffer penalties. It is the maximum allowable penalty that we can issue. We are going to the max until we get our information. The u. S. Transportation secretary joining us. Thank you so much. Coming up, the American Express antitrust lawsuit we will take a look at yesterdays ruling and talk about how the firm plans to appeal. Stay with us. Lets check bloomberg world news. The Defense Ministry says a plan has been signed with russia for a pullback of heavy weapons from the region. The announcement comes as prorussian rebels continue to attack ukrainian positions overnight with reports of shelling and artillery fire. At least 25 people have been killed in libya after multiple bomb attacks. Three bombs exploded targeting the home of a politician, a police station, and a gas station. The u. S. Is planning a sprint offensive in iraq. Up to 25,000 iraqi troops would be sent to recapture the city of mozilla. First, u. S. Advisors will train the soldiers. It is estimated that there are up to 2000 Islamic State fighters in mozilla. That is the latest world news. We will have another update coming in about 30 minutes. American express violated u. S. Antitrust laws by borrowing businesses from customers to use lowercost cars. Emily joins me in the studio. This is about their anti steering rules. What are they . You see it with preferences do see it with promotions, but amex did not want merchants to steer their companies to visa and mastercard and discover. This is when you walk in, you see it in front of the Cash Register in the window, maybe just the mx logo. They consider it discrimination. They ask consider it does, nation they consider it dissemination against whom . Against themselves. They will have to modify the rules. The judge gave them about 30 days to meet with the Justice Department and come back with the plan. If they cannot agree on a plan, the judge will set an injunction in a way that he feels is faithful to the antitrust laws. Were visa discussed were visa and discover involved . Like they were involved when the case originated but they settled quickly. Discover as well as visa and mastercard had witnesses in the trial. I was reading some other stories that there seems to be at least from the judges perspective, some anticompetitiveness going on. How does that come into play when you are a merchant and would you get penalized by amex if they find out you are using or encouraging people to use other cards . It is my understanding that amex would send random visitors to check and see if merchants were steering towards different card companies. If that was to be found, they could force their contracts. Any important headlines on the horizon . Lets look for a filing around march 21. Both of them coming together and presenting a remedy to the judge or both of them are saying that we cannot agree, judge, you need to enforce this on your own. What are the steps involved in an appeal . Amex has said they will appeal. After 30 days, the judge will rule and provide a final judgment. Then they can take that to the circuit. This opinion was 150 pages. Why was it so long . I think that this will be taught in antitrust law school. It is an incredibly complex industry. The judge wanted to be very careful that when this gets appealed, he is not scrutinized for making an error. He was very careful with Economic Analysis from both angles. I think he just wanted to be really careful. One of the things that we know about amex, one of the complaint is that a lot of merchants say that the fees were too high. Any possibility that they might lower the fees . That is a possibility. I dont believe it is in the immediate shortterm. Wait until it is fully litigated, the second wave goes in. There will be a bit more clarity. Emily hamburger, a litigation analyst. Giving one last chance for health care and avoid costly penalties. Peter cook will be back with those details. Stay with us, youre watching bottom line on bloomberg television. Americans facing a federal penalty for not having insurance getting one more chance to sign up for obamacare. Peter cook is back and he has more on this story. Another deadline. A couple of new developments with regard to the health care law. Weve heard about the Enrollment Period ending. They are giving more time for a certain category of people. 6 million americans who did not have any Health Insurance and some of them will learn that they have to pay a penalty of 95 or 1 of their income because they did not know they had to have the insurance. The administration is giving those particular people a smaller window between march and april. Only those people who qualify can prove, listen, i didnt know i needed to have it or i didnt have the Health Insurance. They will still have to pay the penalty of 95. So, we are a year into this how is it possible that Something Like this can happen . The reality is that there are some americans making the choice not to get help insurance because of cost or whatever reason. Again, those people have the option of signing up if they want to. They still believe that there is a category of people out there who just dont mind just dont know. They may qualify for exemption. Some personal hardship there are certain instances where you can get an exemption. Is this just another opening for the critics of obama care to take another swing at this . Absolutely, the idea that they can change at will when these enrollments and and began. They are facing criticism on that front. They are facing more criticism that there was a tax glitch 800,000 people who enrolled for private Health Insurance through obamacare were given information to file their taxes this year that was incorrect and they have been told dont file your taxes yet until you get these new forms and these forms help you calculate whether you qualify for tax subsidies. An opportunity for them to fix it but there are about 50,000 people who may have already filed their taxes and as a result, they made a mistake and the Obama Administration is facing criticism over this. What does it mean for the irs . It makes more of a headache, more of a complication, and there is a window of opportunity. There are a lot that are not filing their taxes. They want a chance to fix this before the season comes to a close. We are seeing a lot of states where they have republican governors who are vehemently against this and they are changing their tune. Why . Because they need the money and some of them are negotiating with the administration over the terms of expanding medicaid within their states. This has been the issue. The federal government wants to expand medicaid, gives the states money. A lot of them were worried if that runs out in the future. A lot of republican governors have been negotiating to get this money. They are seeing the reality on the wall. They will not get that federal money and their legislation. Thanks so much, appreciate it. A coming of them age tale versus the story of a washed up actor. It is a tight race between boyhood and bird man for best picture oscar. Welcome back to the second halfhour of bottom line on bloomberg television. Lets begin with a check of the price of crude oil at the close of floor trading. Crude oil down about 2. 4 . Trading at 49. 91 a barrel. Steeple financial is in talks to buy stern ag. A person familiar with the matter says the deal may be announced within days. Since 2012, staple has bought firms including dpw and Thomas Weisel partners. Paul macauley is stepping down from pimco. He left to work with bill gross. He joined to work with bill gross, but gross was forced out last year. The Parent Company of ann taylor is looking to sell. People with knowledge of the matter say that theyre working with j. P. Morgan and have reached out to potential buyers. They also own the loft. An anonymous bidder has agreed to pay hundred 22,000 for Warren Buffetts 2006 cadillac. He will turn over the keys in person. Proceeds go to charity that advocates for girls. That is a look at the top stories we are following. The tale of a washed up actor who once played a superhero has thrown open the race for best picture. We are joined now from los angeles with more on this award ceremony. Thank you for your time. Before we get into the films diversity it has been the elephant in the room at this years oscars. All 20 acting nominees are white. Why do we seem to keep revisiting this . Well, hollywood has an issue it seems. It is something that has come up in sony hacking where there were emails. They were engaging in jokes and racial slurs. That true of lot of criticisms. It is an issue. That is represented when the films that are being chosen, the actors that are being chosen theyre obviously isnt a balance. What people would argue is that last year we saw 12 years a slave nominated for best film. And so washington has received Denzel Washington has received a lot of attention from the oscars. The soma biopic is an oscar nominee. That is deftly going to be a topic of conversation. The selma biopic is an oscar nominee. The first aftermarket name the president of the arts and sciences, will we have any indication of what she will be doing going forward, that diversity is good for the bottom line . Hollywood is seen as liberal and openminded. We see great actors like kevin hart who have huge businesses. I spoke to cheryl on the day of the nominations and asked her about nominations allegations that the actors had been snapped. She was very pleased to see that selma was nominated for best picture. Lets talk movies, the best picture seems to have come down to two films, boyhood and bird man, which is the front runner . Bird man has won some recent awards. The director is the favorite to win the directors oscar. Boyhood had been a favorite early on. It will be a close run race. The close actor seems to be down to michael keaton. Will we see hollywood reward keaton for a career that they have always held in high regard . Has received a lot of accolades. He won the golden globe, for example. That is assuming a very strong position. The academy knows keaton, it is also a story that appeals to hollywood. The academy will empathize with that movie. Is is finally Julianne Moores year. She received rave reviews as an actress who as a professor who is in the early stages of autism. But she has received many accolades, many critics choice awards. She has one actors guild awards. She is deftly a front runner. The best director is shaping up to be a twoman race. You mentioned Alejandra Gonzales , richard linklater. I think that he was recognized at the Directors Guild awards. A lot of people in hollywood like to talk about statistics and history and how that played out. The winner of that award has gone on to