Nuclear talks. We begin in paris where this stunning developments good evening. Mark what are the latest details so far . Totally stunning stuff. It was quite dramatic. Every line out of his mouth was breaking news. It is the pilot that did it. When the main pilot when out of the cockpit, he locked him out. The minute he was gone, he put the plane into descent. Mark were there any indications that the copilot would do Something Like this . No and that is what everyone is trying to figure out. Hes a 28yearold german citizen from a town an hour north of frankfurt. He had little experience. Theres nothing that would indicate why he would do such a thing. The entire worlds press corps is descending on the town he is from. Prosecutors have searched his house. Hopefully we will get some clues. At the moment, no one has any information. Mark in the United States pilots are never left alone in the cockpit. Does europe have the same rules . They dont. In the u. S. , if the main pilot if one of the pilots leaves another member of the flight crew comes and sits down with the remaining pilot. This is not because they expect the pilot to fly the plane into the mountain. Its in case they got their head or have a heart attack. Just so there is someone there in case something happens. It is not the rule in europe. It is a guideline that Airlines Follow but not a requirement. Today, one airline after another has been announcing that they will start enforcing the rule. Mark what is the next step in this investigation . The investigations go on. There are several investigations. In france, the air traffic authorities have begun their own investigation. They moved slowly and dont tend to diebold information. Be diebold information. Diebolddivulge information. They have to try to figure out what is the story behind this pilot. Mark thanks. Lets check some of the other top stories for this thursday. Saudi arabia and its allies have begun airstrikes on yemen. Bombing positions held by shiite rebels who forced him as president to flee. The rebels are linked to iran, a shiite country. The saudis want to stop the spread of iranian influence on its southern border. Nine other countries have joined the coalition. The United States is providing logistical and intelligence support. The saudi ambassador to the u. S. Outlined the goal of the attacks. We will do whatever it takes in order to protect the legitimate government of yemen from falling. Mark oil surged after the saudi attacks, up as much as 6 . West texas intermediate trading above 50 a barrel. Another sign the u. S. Jobs market is holding a. Firsttime claims for Unemployment Benefits fell last week to a fiveweek low. The sustain the level of applications shows employers are holding onto workers and that coincides with more hiring. Leon cooperman is telling clients his firm has received a subpoena from the u. S. Attorneys office in new jersey. Seeking information on trading and certain securities. In a letter to investors, he wrote these inquiries are very early stage and no one at omega has been accused of any wrongdoing. He says omega is cooperating with oath agencies. Both agencies. Juries are beginning a second day of deliberation in the gender bias lawsuit. An attorney urged the jury to let the defendant know that everybody deserves a fair and equitable workplace. The lawyer called her a failed investor seeking a big payout as she headed out the door. Turning now to markets, barclays is out with its Global Outlook. The head of research joins me from the firms office in new york. Welcome to bottom line. You write that the euro region and japan will benefit the most from Lower Oil Prices and the stronger dollar. How so . Lyric unlike the u. S. Where they have a stronger currency, the currencies there have weakened quite a bit. Neither are really oil producers. You have benefits there. Theres other things going on, especially in the euro area. We finally have credit flowing. The ecb has just started a Massive Qe Program which should be very market supportive. The ducks are lining up for the euro area. Mark what impact has that surge in the u. S. Dollar had on the Global Economy . How much upside potential does the dollar have right now . Larry a lot of people are talking about currency wars. We see this as constructive. It ends up shifting growth and inflation from the u. S. To places like the euro area and japan which are facing deflation threats and need to grow more than the u. S. Does. As far as how much more, it has a little more to run. We see more opportunity for the dollar to appreciate against the euro and the end. The yen. Mark how much support is the current environment giving to them . When you put all this together, the plunge in oil, the strong dollar, you come up with a still very benign environment. One of the things to keep in mind is it is a Monetary Policy environment a lot easier than we thought it was going to be a few months ago. A lot of people did not think the ecb would do qe. No one thought they would do over a trillion euro. That is huge. When you combine the low bond yields with the anticipation of the qe and the low inflation that is a pretty supportive environment for the financial markets. That is the kind of environment that has been in since the beginning of this recovery. Mark barclays out with this Global Outlook today. Some countries and some regions have not benefited from the recent market changes. Who was underperforming right now . Larry there are winners and losers. Countries that depend a lot on oil revenue and half political issues like russia and venezuela. There are a lot of countries in latin america they tend to be big commodity exporters and there is a lot of political issues in several countries. You are starting to see capital outflow from latin america. That area is not doing well. The u. S. Benefits in general from low inflation. The low inflation strong dollar also keep the fed at a. At bay. The u. S. Is a little more mixed because of the strong dollar. While Lower Oil Prices helped the u. S. , the u. S. Is also becoming a huge oil producer. Mark because of lower inflation and that strong dollar, can the fed now be cautious as opposed to patient . Larry i think so. What the fed is facing here is a labor market that is the strongest it has been in over 20 years. We are getting payrolls 2503 h 250,000350,000 month. We have inflation moving down. They want to get off the zero bound because this economy doesnt need zero rates anymore. They would like to get it off zero so when the next problem hits, they can cut rates. There is certainly going to be no hurry. When they hike rates, it will be more benign like the end of qe because everybody there is no inflation threat at the moment. Mark what should investors portfolios look like right now . Larry buying u. S. Treasuries under 2 is not going to make you any money but serves as a good hedge in a portfolio that has lots of stocks and corporate bonds. The u. S. Stock market has not had a correction in a few years. Its nice to have the bonds in there. I would be venturing more internationally than before. For years, the u. S. Stock market was outperforming the euro area and japan stock markets have been performing much better than the u. S. And that will continue for a while. Mark larry always a pleasure to have you on. Thank you for your time. Up next john kerry returns to switzerland as negotiators in the Iran Nuclear Talks hope to strike a deal. Peter cook is following developments. He will join us with the latest when bottom line returns in a moment. Mark welcome back. A stunning revelation from france today. Prosecutors say the copilot of the german plane that crashed tuesday killing everyone on board locked the pilot out of the cockpit and appears to have deliberately clashed crashed the jet. This in the pilot tried to break down the door as the plane was in the rapid descent from 30,000 feet. 38,000 feet. In the selection of all pilots, the training of all pilots, the qualification of all pilots and the work of all pilots has not been touched by a single tragedy this single tragedy have all been hashed by this single tragedy. Mark he was a 28yearold citizen german citizen who wanted to be a pilots into was young. He joined the airline in september of 2013 and had more than 600 hours at the controls. Iraqi troops have lunch the final phase of an offensive to recapture tikrit. The move comes hours after the u. S. Launched airstrikes on the city. Fighting intensified as iraqi troops in special forces moved toward the city center. Coming up the lamarcks best will a marks the latin america report live from mexico. At 2 45, beauty and personal Care Products and the story of the survival of the fittest. It is crunch time for the Iran Nuclear Talks. John kerry and his iranian counterpart or in switzerland trying to hammer out a final deal. It would limit Irans Nuclear program in exchange for an easing of international sanctions. Peter cook is keeping tabs on the talks and he has the latest from washington. Do we have a deal yet . Peter we do not have a deal just yet but diplomats and to conclude a Framework Agreement by this sunday ahead of the formal march 31 deadline. That is the best case scenario. Secretary kerry resuming talks today with his iranian counterpart at the palace on the shores of lake geneva after meeting with kerry, he says talks are moving in a good direction. He says the entire puzzle has not yet been fully assembled. One Sticking Point the technical terms are ironed out ahead of a final july 1 deadline. You was officials are insisting the details must be made public so members of Congress Israel come other nations can see for themselves the terms of the agreement. The duration of any agreement, the pace of sanctions relief for iran, access for inspectors and limits on irans ability to conduct research in the element going forward. While they are moving to a deal, negotiating thats where things stand right now. They are not on their way to switzerland. There could be a deal in the works. We have heard in the last little bit that the iranian president has been conversing with some of the leaders from those other countries about this agreement. He is personally engaged here in these final days. Mark what is the possibility we could see another extension . Peter there is always a possibility. Both sides have said they dont have any plans at this point to go beyond this march 31 deadline. It seems unlikely it looks like this is indeed the crunch time for these talks. Theres always the possibility of no deal at that point and then the question going for it the admins rations as that would be a bad Situation Administration says that would be a bad situation. Mark peter cook, thank you. Up next, we will take a closer look at the crisis in yemen. The Historical Context of the current conflict and what the latest developments mean for counterterrorism efforts in that region. Mark welcome back. Saudi arabia and its allies have resumed airstrikes on yemen for a second night. Jets have already bombed locations in the capital including the airport and the countrys northwest. Willem marx has followed the story for years and joins us now with more on this story. What has prompted this intervention from saudi arabia . Willem the primary thing is security concerns. They are worried about their own border. Its under the control of the rebels. You have to think about their support for the now exiled president. They have long supported him and his predecessors. They want to maintain control over the situation in yemen. Mark who are the rebels . Why are they doing this . Willem they are a Broad Coalition of parties at this point but this started out as a movement in the northwest of the country. They are an offshoot of shia islam led by a charismatic tribal leader. They complained about their treatment as a Minority Group back in 2005, responding with violence. That escalated over the years. The president is out his successor now out. Mark what about the regional conflicts in this area . Is that stoking and regionalism or tribalism . Willem these rebels are supported by aaron. By iran. The have all said we will intervene, especially saudi arabia, the home of islam. Something people really care about in that region. Mark talk to me about the saudi influence in this region and in this fight. What do they want to see happen . Willem the saudis are the major elephant in the room. They control the Arabian Peninsula and are the most powerful military in the gulf. They want to make sure that the border is secure and they can maintain mark able to move for the new king of saudi arabia. Willem its not really for him to stand up and say this is what i can do. He has a 35yearold defense minister. This is a big step. Mark what has happened to the yemeni president . Willem u. S. State department saying they are not quite sure where he is. He has fled. Mark talk to me about the u. S. And the reputation or what the u. S. s vested interest is. Willem to have had a longterm relationship with yemen authorities. They conducted airstrikes against the Al Qaeda Group in the Arabian Peninsula. Mark is this a failure of u. S. Foreign policy . Willem they have had to withdraw from yemen. Now, the question is they say they are providing logistical support. What kind of support can they offer . Certainly nothing on the ground. Mark willem marx with an update on yemen. U. S. Iran nuclear talks. We will discuss how close the sides may be to an agreement. Bottom line continues in just a moment. Mark welcome back to the second halfhour of bottom line. Im Mark Crumpton in new york. Thank you for staying with us. Lets get you the top stories we are following on this tuesday. Lets begin with a check of the price of crude oil and the close of floor trading. New york crude is up about 4. 4 trading at 51. 39. French prosecutors hate was not a next and that brought down the germanwings airbus. The copilot locked the pilot out of the cockpit and then deliberately flew the plane into a mountain. That was the conclusion after investigators listen to conversations and other sounds from the cockpit voice recorder. They heard the pilot tried to break down the cockpit door as the plane was in its rapid ascent descent. Diplomats in switzerland say negotiators want to conclude a Framework Agreement over Irans Nuclear program by march 29. Robert einhorn joins me. Welcome to bottom line. Thank you for your time today. All this information we are hearing today about a possible not a deal, but some sort of agreement by marched when he what should a framework look like . Robert in has to deal with all the critical elements of the deal. It is not going to flesh out all the Technical Details but all the critical nature issues need to be resolved. The actual deadline is march 31, tuesday, although some of the diplomats may wish to finish earlier. It should not be a foregone conclusion that they will reach a deal. As peter cook reported there is some important issues left unresolved and in any negotiation the last issues can be the hardest to resolve. Mark what is irans endgame . Sanctions relief or an attempt to rejoin the community of nations . Robert the principle is sanctions relief. The sanctions have had a devastating impact on the iranian economy. Reasonable iranians understand that the economy cannot get back on the right track unless sanctions are lifted. That is their number one priority. Mark Francois Hollande spoke with the iranian president today. His office said by email that he urged and durable, robust and verifiable record. Is that what the iranians want as well . Robert i think they want an agreement that helps them and their isolation. And gets rid of sanctions as quickly as possible. The question is whether they will overreach. The Supreme Leader had suggested that all sanctions have to be lifted at the outset of any deal. That is simply unrealistic. The position of the u. S. And its foreign partners is that the easing of sanctions has to be phased as iran meet its obligations under the deal. Mark today, we heard that Francois Hollande spoke with the iranian president and we are receiving word that the Russian Foreign minister will join the iran talks on march 29. What is the significance of that . Robert other Foreign Ministers other than secretary kerry were planning to come to geneva if an agreement seemed reachable in the near future. Perhaps that is a positive sign they are making progress and they can anticipate an agreement on this framework. Mark last month, you wrote an oped piece in the New York Times which read banding in richmond and dismantling irans existing enrichment facilities would be the best negotiated outcome but such an agreement is not obtainable. As we approach the deadline have your views changed . Robert no. It has been clear fromor quite some time that banding infringement banning enrichment was a bridge too far. They have become totally committed to it. No one a class no one across the political spectrum would except such a deal. A good agreement can be achieved without dismantling the nuclear infrastructure. Permitting a limited but heavily monitored enrichment program. Mark one of the things i noted i believe iran was one of the original signatories of the Nuclear Nonproliferation treaty and therefore they believe they have a right to Peaceful Nuclear energy. Is that correct . Robert if they are a compliant andnpt party. The problem is the International Atomic energy board of governors and the Un Security Council h