We proceed from crisis to crisis and this is how we prove it. I have no doubt that in the next few days and he notion of an ultimatum is going to be withdrawn. Terms of a bailout are too tough according to the greek government. The current agreement expires at the end of this month. In texas, a federal judge has temporarily halted president obamas executive orders on illegal immigration. Texas and 25 other states sued the federal government. The Justice Department will appeal. Proposed rules from the faa would permit Small Businesses to use drones. Flights would not be allowed out of sight of the operator. A Train Derailment in West Virginia has led the government to declare a state of emergency. The train was carrying more than 100 tankers of oil. Up to 15 of the tankers burst into flames and one ended up in a river. That caused to Water Treatment plants to shut down. Apple may decide to go headtohead with tesla. Apple has put a few hundred employees to work on a circuit of project to develop an electric car. The project could still be abandoned. Three years ago, the company said they talked about building a car before they came out with an iphone. Greece is edging closer to a euro exit. Constant calls hans nichols joins us with what looks like a more dire situation. Last night, talks broke up early, they broke up quickly. It was over this issue of whether greece is going to do any sort of modification to stay in the current Bailout Program. Greece wants to leave it and renegotiate something for the long time. The greek finance minister said he was offered a deal that was quickly withdrawn and yet he may be the most optimistic man in all of brussels. The next step is the responsible step. Europe will continue to deliberate in order to enhance the chances that we actually achieve a very good outcome for the average european. We know how to deliberate in such a way to create a very good solution, and honorable solution out of initial disagreements. We were waiting for any sort of sign the talks of restarted. All the finance ministers are in brussels, but they are on a different agenda today. There is still a prospect that talks could be restarted but the dutch finance minister is saying that it is up to greece to formally request an extension. Greece wants better terms. Before we get to restarting the talks, how did they break down so thoroughly . What we had is that there was a document that was given to mr. Verifone kiss to the greek finance minister, not to all the finance leaders. What we are seeing is maybe a little split between all the finance ministers and the official institutions in the european union. If there is a split and that could bode well for greece because they may be able to exploit that. The message has been unity up until this point. They want to have one common point to ask greece to stay in their Bailout Program and continue reforming their economy. Greece is not bluffing. They insist that this is an in humanitarian program and that they have an obligation to exit. We mentioned there are private economists who are ratcheting expectations that we will see in a sit from the euro by greece. What about the finance ministers themselves . Do they call that hogwash . I do know if they use hogwash, but they may use a more elegant French Version of that. What you get from the finance ministers is that there will be away, but they do not quite know the way. There is some optimism here. Even though when you look at it technically it is very difficult to see how an agreement comes together if one side does not radically change their opinion. If one side does change their opinion, everyone is going to have to face their voters. That is true of the greek government and everyone of the new finance ministers here. Democracy is at play. Principles are at play. The cost is at play. The cost the clock is ticking. Hans nichols in brussels. I want to bring in my guest host for the hour, greekamerican billionaire John Catsimatidis. He is the founder and chairman of red apple group. He also owns the hellenic times. This is clearly a story that hits close to home for you and your heritage. How do you feel about seeing greece plastered all over the headlines . The greeks get very emotional. [laughter] they are romantic people. They are very emotional about this. It goes back to world war ii about how one greek battalion stopped six german battalions and then they go on and say they never gave us reparations they gave it to the jewish people. They always feel like standard dogs. Even though this government is a new government, the greek people are behind them. Are you behind them . And my behind them . I am an american. I am behind the greek people as a whole. I think it comes down to negotiation. I believe they are going to work it out. They cannot afford to start breaking up the eurozone. If greece breaks away, portugal and spain will be the day after. They have to work it out. I think it is just negotiation. If you jump up and down enough, they believe you are serious. When push comes to shove both sides hopefully will eventually come down to some sort of agreement. Being that you are a slightly more Interested Party than others, when you hear the comments from economists who are saying, now the chances of an exit from the euro at 50 , would you say that that momentum is right . That the trend is going up toward possibly an exit . I think they are going to bluff it that way. I dont think they are going to get out. I was in key biscayne a couple weeks ago at a jpmorgan conference and one gentleman said, we dont think greece we havent taken greece seriously out of 90 out of the past 100 years. They will come back. It gives some people pause. Can the fed raise Interest Rates with greece on fire. China is facing slow demand. I dont think they will raise Interest Rates as long as president obama is president. We are still dropping rates all over the world. We are not doing that well. Maybe the europeans are doing worse than us. It does not mean we are doing well. I dont see Interest Rates going up. I have spoken to a lot of republicans. Republicans feel that the right thing to do is trend up. Are they saying that the fed is politicized . Nobody wants to think that. But it is a president ial appointment and when the new president is in and the fed chairman looks like my term is up in two years i better go with the trend. It is not supposed to be politicized, but it is more so than not. We will talk more about that in a moment. John catsimatidis. We are going to dive into politics and the energy business. Moving and shaking this hour. Derek jeter has earned over 400 million from salary and endorsements. Now, the fivetime world series champion is investing his own money to become a major figure in the Business World. I caught up with him this weekend in new york to hear about what the latest endeavor is all about. I have spent an entire career working in new york and dealing with the media. Lets be clear, the media has helped shape my career. I want to have a platform for athletes, so that they can speak directly to the fans in their own words. Firstperson point of view unfiltered, unbiased. I think it is something that is needed. We are going to have much more of my interview with derek jeter coming up. I asked him if he wants to buy his own sports team. We will tell you what he had to say. The u. S. Drilling frenzy is fizzing fizzling. That is next. Lets take a look at world news headlines. In ukraine, there are reports of new fighting despite the ceasefire deal that was made last week. Prorussian rebels have claimed partial control of a town that is part of a Strategic Rail junction. They say dozens of ukrainian soldiers have surrendered in the area. The central bank has cut its main Interest Rate in indonesia for the first time in three years. The unexpected move comes as Economic School in the area economics cool in the area. Five days of carnivale have come to an end in brazil. Carnival attracts tourists from all over the world. That is the latest world news. We are going to have another updated 45 minutes past the hour. An Energy Industry in distress. 98 rigs dropped. The total number of oil rigs is down 32 . This new data comes as Oil Producers worked to limit the fallout from the collapse in oil prices, down almost 50 . Still with me is billionaire John Catsimatidis the founder and chairman of red apple group, which is a conglomerate with interests in real estate grocery stores, and energy. I know your most valuable asset is united refinery. You also owns several gas stations around the area. How are you dealing with 50 oil . We are dealing with it well. We have our own pipeline that goes into canada and we get crude oil from canada. All of it directly through the pipeline . 95 of it. We are doing rather ok. To have that kind of drop in for us to say we are doing ok, that is not bad. The saudis are playing games. They have made a decision that they are going to drop it down to sell it. They are going to make other people pay for it. What happens is when new people want to drill new holes and they want to borrow money from the banks, when oil was 100 a barrel, the banks would lend the money. Now they are thinking about it twice. That is the doubt that the saudis want to put in everyones mind. They have to think about trolling other holes twice. They have to think about drilling other holes twice. Meanwhile, to ron is suffering. Tehran is suffering. Angela merkel and obama said theyre going to go in ukraine and putin said that they are going to arm iran to go after saudi arabia. That is horrible. That is speculation at this point. The next day, they announced a socalled ceasefire. They are still shooting bullets. It has only taken a day. So we are going to see. I hope so. Merkel and obama would say hail to the sanctions, this is working, we are cornering teabag into doing what we need to do. Meanwhile tehran and yemen are right on the border of saudi arabia. That is true. I want to get back to oil. Are you still able on oil a bull pon oil . I think we are going to see 85, 95 oil. Saudi arabia needs 100 oil to balance their own budget. What is that price target based on . Im 31 years in the oil business. I have seen it go up, i have seen it go down. Betty liu, i am more right than wrong. You have been, yes. I think it is a game being played i think it is a game being played by somebody. Are you going to do anything different with your oil business at all . We are going to keep less inventory. We can always hedge, too. We will see right . It has been a crazy year on oil. It is a game being played. Do you think it will affect the feds decisionmaking . You have low Interest Rates. You have cheap gasoline for the consumers. I think the consumers are doing well. May be at my delay them from the raising Interest Rates. I dont think theyre going up. John catsimatidis is staying with me. Jeb bush has his eyes on the white house. I will find out what john thought of jeb bush. Plus there is going to be a new ceo at the helm of the sheraton and w hotel brands. You are watching in the loop. Here is a look at our top company news. There is a new leader in smartphone sales and sign a china. Xiamoomi overtook samsung last year. Change at the top of Starwood Hotels, which owns the w and sheraton brands. The starwood director will take the job. A recordbreaking weekend for that movie, 50 shades of grey. The Universal Pictures erotic film took in 94 million over the weekend and set records for valentines day, president s day weekend, and a february debut. 50 shades of grey. [laughter] congress is off this week him about republican president ial hopefuls are hitting the trail. Rand paul hits the trail. Jeb bush flies to chicago. On friday, ted cruz is going to be in jacksonville. Still with me is billionaire John Catsimatidis the founder and chairman of red apple group. John has been a big political donor to various candidates. You attended this 100,000 per play dinner last week. Per plate dinner. Jeb is a very smart guy. He knows the issues. He is married to a hispanic, which will get them the hispanic vote, i believe. Come on. Mary the hispanic and get the hispanic vote. Obama got 98 of the black vote. That is a lot more than just marry a hispanic and get the hispanic vote. I think he is in the number one position right now. I think scott walker is in the number two position. It is a horse race. Jeb has the name recognition. Any other candidate has to spend twice the money to get National Name recognition. I am looking for a resounding i love jeb. Is that high you can away from that dinner . I think he is the leader. A lot of hw bushs supporters and bush 43 supporters are going to come with him because they were always bush supporters. Im going to wait and see. I believe in talking with everybody. We have our own radio show on sunday mornings that we do talk to everybody. Not entirely made up your mind, but you are impressed. I am impressed. Chris christie is someone you had supported before. I donated a couple years ago. Chris christie was that an event in New Hampshire and he said this. There is only one Chris Christie, everybody, and this is it. I believe Chris Christie. I was impressed. The most dishonest political state in the union was new jersey and i was impressed with Chris Christie cleaning it up. Because of that impression, i was donating to him. Im not sure it is going to work on a National Basis, but we will have to wait and see. On a National Basis i think the American People are looking for somebody more on issues, rather than being brash. Rather than going in there and trying to be the bull in the china shop. I am so curious because you are a clinton supporter, you are great friends with bill clinton. He writes on your plane all the time. You have hundreds of pictures of you and bill and hillary. Bill clinton was one of the best president s we ever had. He had common sense. The most important thing is to have common sense and that is what i do believe in. We will see what happens with Hillary Clinton. I do believe there is a struggle and the Democratic Party. Whose party is it . Is it Barack Obamas party or is that the clintons party . When you say struggle, what concerns you most about Hillary Clinton . That the current government, with barack obama will do Everything Possible to not help hillary. The ultraleftwing liberal faction of the Democratic Party that is what you are talking about . I am concerned about that. The clintons are smart people and capable people. I would have bet 1 million that when Barack Hussein obama ran for the primary against hillary that it was impossible for Barack Hussein obama. Hold on. We are getting economic numbers. Empire manufacturing. A look at the numbers. This is below the january reading, as well as below estimates. We are coming in a 7. 78 lower than january, which was almost at 10. This is the first to read we are going to get on how the industrial landscape is shaping up for february. Keep in mind that the empire i sm is not well courtney did with other regional i sms and the national isn. Ism. New orders came in at 1. 2. Not a lot of future demand we are seeing. Inventories also declining by 2. Inventories are rising. Is this a longerterm problem . Prices paid it is an interesting thing coming out. It is up 14. It is more than january. It is paying more for the product. Within the details, there is a little bit of . Overall, the Empire Manufacturing data is coming in and missing. Thank you so much. Back with john for some final thoughts. When you mention hillary, Hillary Clinton as a woman and could be our first woman president. It does not necessarily mean she will get all the female vote but what do you think is her economic message going to be in order to grab the middle . I think first she has to win the democratic primary. One of my Staff Members who is from iowa called his friend in iowa who is the democratic chairman of iowa and if the election was held today he said that our lady friend from massachusetts, elizabeth warren. Is that scary . That is the obama faction. That is the obama faction. We need somebody who loves america and somebody that the rest of the world will respect as an american president. What about the gop side . What about jeb bush like romney in 2012 getting pulled in by the Tea Party Conservatives the neocons in the gop party . What about that risk . There is always a risk and i think he has a lot more common sense than that. What in his economic message did you like . What do you think his economic message is . I think his economic message is that he wants to get america back on track again. He wants to repatriate the trillions of dollars overseas and bring it to the United States and create jobs. I dont understand why we are not creating tens of thousands of jobs as a pipeline. Tens of thousands of jobs with repatriating the money. Why are we letting the fortune 200 invest overseas . Is that your biggest economic issue, john . We are hurting our country because we are not spending the money here. American corporations are scared of taxes. They are scared of various regulations, obamacare, etc. You know what happens . They spend the money elsewhere. What about obamas prop