Part of ukraine that they can control. Finance ministers have put off any tough decisions until they meet next week in brussels. Chriss new government blamed for devastating the economy. Hans nichols caught up with responses finance minister. Click this is how europe involved. We always find the solutions sticks together in agreement. This is how europe evolves. History for the past 60 years or so. Did you raise financing at all . I was very emphatic, i said no. Greek greece seats seeks 8 million. A big loan of about 10 million euros. Policymakers see extra stimulus is counterproductive for now according to people familiar with the toss. Concern more stimulus a decline in the end. It is already dropped 21 from the bank of Japan Monetary easing almost two years ago. Shares of Credit Suisse rose the most two years today. A new step to boost capital. We did feel it was right to knowledge the impact on the earnings of that settlement. As a result, the executive board voluntarily took these reductions as compensation as acknowledgment of the impact the government had. Click for centralbank buses decision to examine capital bank said profits by about 3 . A rocket would elon musks spacex finally took off. A Technical Glitch had costs to attempts. Abandon its plan to recover the rocket booster aboard a ship. Thats the ukraine ceasefire it took all night the leader of germany and france a deal to stem the conflict in eastern ukraine. Even Vladimir Putin seems to be relieved after more than 18 hours of nonstop talks. It was not the best night of my life but a good morning because despite all the negotiations difficulties, we agreed on the same thing. Peter cook has been following the talks. This resolution for now, does it give the president some breathing room because the pressure to give ukraine weapons and fight against russia it is a safe bet that for the moment, the notion of sending the u. S. Arms in the ukraine is probably on hold. The only reaction from the white house, the u. S. Investor of the United Nations saying in an interview this morning that the ukraine agreement the u. S. Is hopeful about it but still the u. S. Wants to see this deal implemented, something that happened after last agreement in september. A healthy dose of skepticism in the United States. In the short term, i think it does for the moment bring the issue the post to our need rainy and probably puts it on the sideline for the moment your request particularly for the europe ends, sanctions were. That is right. There is still the prospect out there, betty, and further sanctions if the deal does go down in flames as the last one did. The president has made the case turning of the economic pressure, that has forced Vladimir Putin to go to the negotiating table. Not everyone agrees that is the case, but at the end of the day, it will determine whether the ceasefire holds. He held a News Conference where he spoke about sending a formal request to a military force against Islamic State militants. Exactly what is in the proposal and how will it play out . No huge surprises in the proposal. People on the republican and democratic side, not happy with every reaction of it. There is a threeyear time limit. No enduring offense of ground operations by u. S. Forces although special operations forces, those circumstances, the iraqi authorization, the first in 2002 gets revealed by this but the two best one authorization remains in place and there are no geographic limit on the president and the use of force against the Islamic State. In case its bills over and syria and iraq. The president talked about it ahead. We will continue to work closely with leaders of members of congress on both sides of the aisle. I believe this resolution can grow stronger with a thoughtful and dignified debate that this moment demands aired i am optimistic we can link strong, bipartisan support. The reality is the president will face criticism from republicans and democrats feared at the end of the day, a lot of lawmakers i talked to told me they expect the president will get the authorization though there may be some tweaks between now and then. Company earnings crossing this morning and yesterday after the bell, helping to contribute to equities overall. Scarlet fu with the latest. A lot of macro news to support risk. Lets start with futures. Higher right now. Look at the cash market. The s p 500 1. 1 of the close. Greece and its creditors are grinding away toward some sort of agreement before the deadline. It briefly rallied but you can see there once again on ukraine ceasefire, it did not last. We have some breaking news from expedia. The price tag is 12 per share, a premium of about 25 as of yesterdays close. It is surging right the premarket, up by 22 . In terms of earnings, there are a couple of earning someone to mention here. Trip advisor. Profits missed. The stock has been down and has been up by 15 in the premarket. Whole foods First Quarter sales rose 10 , a sign that lower prices, that strategy is not killing margins are cisco up by 7 . The tone John Chambers and the rest of management was noticeably more bullish than it had been in years. All right. Thank you so much. Going through all of the earnings we have seen so far. I want to bring in my guest host for the hour, the former is the io of moments and served as president of birth brothers and eddie bauer. You have run several companies and you know what it is like to turn around. What you ache of the earnings season so far . It is mixed. No real surprises. I think if you have been following what is going on, you know who is doing well and who probably is not doing well. Are these announcements surprising . Not really. It is pretty much expected at this right. Right. When will he get to the report the point in the Earnings Report where we say, this is really being good in the u. S. I so confident now. I dont know. You hear that it is getting better. You also hear a lot of americans were not feeling it as well. People spending . I think they are. They probably do so everywhere around the world. I feel more confident today than i think most people do a few years ago but the stock market is telling me we should all be rejoicing. A different situation get on the political side we have not really talked about politics, but you are on team hillary. Why is that . He put me on the spot. When she first ran eight years ago, it was a little disappointing for me. I just think she is smart and if you think back even before bill became president , she was brilliant in her own right and had her own way. A little ahead of her time with but i think she has learned a lot over the years and worked with other spirit for right now, i am still prohillary. Other policies you inc. She could implement that could be good for the economy or what you have heard so far . Jobs for the economy and housing . Here i am going on tv and putting this out here. For me, the liberal side of how people for people, always outweighs physically. For me, hillary will be better for all you bless far as what is right for everybody and what everybody deserves. I am not of his shorter i owe is agree with everything as far as the fiscal art of the Democratic Lab form but i do think higher taxes, they should really pay their fair share. Do not think anybody should get anything for free. Shes being very quiet so i do not know what platform will be at this point. But she was secretary, she could not say anything, so she have the luxury of being quiet. But not for long. A platform likely going to be an issue is going to be income inequality. That is not just a big concern in the u. S. But really all over the world. Another person in washington another woman, Supreme CourtJustice Ruth Bader in an exclusive interview. Heres what she had to a in the courthouses upcoming ruling on samesex marriage. I think it is doubtful it would not be accepted. The change in peoples attitudes on that issue has been enormous. I think it would not take a large adjustment. We shouldnt speak much more about the subject because one way or another, it will be decided before we leave town in june. Suicide about that. I do not want to put you on the spot again. You have taken up the mantle in many ways of being out there as an openly gay corporate ceo. So when you hear her say that there has been an immense attitude change in america toward samesex marriage, would you agree with that . He yes. I would personally think what issue. I think everybody should do whatever they want. I also think she is an amazing woman and cannot wait to hear the full speech. To me, you know, you look at the gayrights issue and it is the fastest moving change in the United States that has ever happened. Faster than a womans right to vote or after american slavery. This is the fastest moving and it has been accepted because the young people say, what issue . A few people out there may not agree, right, but it is amazing. It is amazing how quickly the tide has turned. It is incredible. Cluster years ago, it was not as far along as it is now. All right. Hang on. Thank you very much there is day with me as my guest host. Steve talking about where he sees the future of retailing in 10 years. We will be back. Classes 15 minutes past the hour. In taiwan, Officials Say it will prison escape suicide by six inmates. They held the warden and guards hostage during the overnight standoff. All the hostages were released. A former korean air executive has been sentenced to a year in prison for that. Remember this one . The woman did not like kevin absorbing served at the time. Whether the familyrun conglomerates had too much power and there is punishment. The government of the bank of england says Interest Rates could be cut further. U. K. Likely to see inflation turned negative in spring. The biggest factor contributing to falling inflation u. K. Was the drop in oil price. We will have another update at 45 minutes past the hour. Back on retailing, to focus on its core brand. The ceo founded the brand back in 2003. It is still relatively new to the family and lately it has been a bright spot for the retailer with sales of 36 in nine months of november 1 of last year. They just outlined a major Expansion Plan that includes new partnerships, 15 more stories in the u. S. This year and International Shipping was website. J. Crew sites, its namesake store going to continue to struggle . Steve newman is the former ceo of of womans and eddie bauer and brooks brothers. I have to admit, when i write more about it, it sounds like a really cool and young branch. It was thoughtful and hundred thousand dollars over 10 years ago. Look at what it has been turned into. I think he is one of the best retailers out there. He bought the name, which was a great idea. He leases it back to j. Crew for a penny a year, Something Like that. I think it is not your parents store. It has not been around for a long time like a cap or a j. Crew plasticky reinventing themselves to make them cool and hip to the new 30yearold, whereas they do a great job. Saying it is a new store, a new brand, a new company versus, we are still a great brand, even though we have been around for a long time, we are so cool, i think they have that advantage. I think to give it more points try new things. It seems to be working so far but it brings the whole question and apply. Are the retailers dealing with too many brands and their umbrella . It is not really all about the gap is what i mean. There are so many other brands and now you see theyre trying to pull some of them in. Classes interesting. You take a gap. I think they did a good job of old navy. Do you fix the big engine or biodiesel people around you . What is the answer . Whats i think youre going to buy something that fits into your portfolio that works, great. I still think it is an odd thing unless it takes some results here it they will all tell you. I do not get that one. It was interesting, but they probably had cap. Com do a lot that there was probably not doing. Chris ps. How is it a brand gets so hot like banana republic. I used to go to bandanna republic all the time. I love their close. What happened . Any kind of resale, youre as good as the day before sales. If sales are good in the leadership is doing a good job, theyre there. If not i may have a bad month, day, year, theyll send have to make changes. It will have to get on board and understand the customers. That takes time. Im not saying the change is not good, but continuity plays a big argument. Sometimes, these brands lose their way and they need to stay true to who they are and get better and better and better at it and try to the lever also might be hot at that moment. All right, steve, hang on. Retail sales are coming up in just a few moments. We will get another snapshot of the u. S. Consumer. Cliff a big takeover in the Online Traveling industry. Its easier but 12 a share, a premium of about 25 . A value of about 1. 6 billion. Jetblue is looking to cash in now that the u. S. Has eased restrictions to travels in cuba. Another chartered flight in tampa from tampa 2 havana. General electric will become one of the two companies to get a seat on its board of directors. The catch is the candidate supporters must own at least 3 of shares for at least three years. That is quite a catch. Jet got jet. Com take it on amazon after raising another 140 million in new funding. It is on its way. The ecommerce site is helping to reinvent the shop it is basically a cosco online. Innovation and innovation happening in retail. Look at how thats changed. The top 10 retailers, walmart, apple is up there costco amazon, home depot. Lets scroll back 10 years from now. And it is much different. There is walmart and costco, but target was there as well as disney. Sears and then back in 1994 walmart again, sears, and kmart. Does anyone under 25 remember kmart . Target and jcpenney. For more, were joined by my guest host, the former ceo of lohmans. When you look out 10 years from now, who are the names going to be on the chart . I wish i had a crystal ball. You go back in time 10 years ago , sears who . 10 years from now unless amazon really screws up, amazon will be around. You think we will see amazon. Lets find out. I think they spend a lot of money keeping their friends relevant. We also see companies we do not even know of an 2015. Could be up on the top 102. How fast is a move in the states. A name that was consistent there is walmart. They are the worlds biggest retail. Pretty confident we will see a walmart. Theyre so big, we have to have a major catastrophe. So many categories walmart is not even good at it that is hard to believe it or they really do not have a very Good Clothing business. If they ever figure that out that that a lot of business as well. Unless they really majorly screw up, i think they will be in the top five. Which part of the Retail Business is harder . Is it the side of making brands and making clothes . Is that more difficult now versus the distribution platform, being the amazon with a cosco of the world . Maybe you want to go on that side rather than making the products. That is a good question. It is much easier to be the distribution person. If you can figure out how to get the goods from whoever is designed or selling it from the customer think about how amazon wants to do drone delivery. That is amazing. Who wants to shop there . It is instantaneous, delivered to your doorstep. Any and you have jet. Com. It is the use of shopping today. Everybody wants it when they wanted and they want it delivered to the door. It is harder to be the retailers who has to, then guess what the consumer wants 69 months out. I always think that will be more difficult than the person who has to go from point a to point b. In the bigbox retailing world, will that trend, has that peaked or do you think americans are still, even with urbanization, millennials living in it is thomas is that going to live still . Yes, but not all. Costco does an amazing job. That may change over time as well. When i go in there, i buy stuff i do not even need and cannot fit in my apartment in the city because you say, look how cute that is, i have got to have it. I think people of america are used to shopping in an environment today. Theyre probably buying things that are 10 times your than they could fit in the house. I bought a big tub of ke ha. Retail Sales Numbers are out down 0. 8 percent, twice as much a decline as what what economists estimated. Yes, the headline cover is a job, coming on the heels of a surprisingly weak december retail sales number as well there it this number includes gasoline receipts theyre the lead a government tallies is i dollars and cents and not by volume there it is few backout auto and gas sales, retail sales increased i to tenths of one sent. That is still slower than what economists had been anticipating. In terms of jobless claims, this is a higher than it that did read here. The number of people applying for Unemployment Benefits went up from the previously desperate is wes revising number. All of it is a little disappointing but congress had been anticipating weekly retail number. Not much in markets right now. Teachers holding in their best levels. A tenyear coming down a little bit, and it is now negative. The yen continues to strengthen. Thank you. It is a little disappointing, even if that was signaled before hand. Im still waiting for lower gas prices to follow through on the numbers shared why havent we in that . It goes back to what we said earlier. The majority of americans may not be feeling flushed with cash and theyre looking at the savings at the gas pump and saying, what else might i use it for . How else should i use it or should i pay my bills down versus going out and spending it . It is relatively new and gas prices have only dropped in the last few months. I do not think people say, i just save 30, let me go out and spend it. I think if it continues, it will start to show. Right away, people are saying, i could pay more off the bill, i think very i think. I agree. Much more ahead including a big interview coming up. Unveiling plans for a 2 billion stock i back it we will talk to the Mining Company ceo to moment. A mining giant starting to pick itself out of a huge commoditi