Peppermint, the lab that captures all the flavors that you fans are fancy. We will introduce you to a course with 17 lamborghinis. See what i did . I flip that around. Lets start out with Janet Yellens press conference. Many investors did not seem to be buying what she was selling. Here are some of the highlights. The fomc continues to see sufficient underlying strength in the economy to support ongoing krugman in the labor market. The fomc will continue assessing incoming data carefully to ensure the policy is consistent with obtaining the longer run objectives of the fomc of maximum employment and inflation of 2 . In short, the larger the shortfall of employment or inflation from the respective objectives set by the fomc, and the longer any such shortfall is expected to persist, the longer the target federal funds rate is likely to remain in the present range. And heres what she had to say about what everyone else was talking about in q1, the weather. Certainly, the weather has played an Important Role in weakening Economic Activity in q1. It is not the only factor at work in most projections for growth in the first quarter. It is an important factor. It is not the only factor. And so what should investors expect from the Federal Reserve . We have tried to give a general formulation of what we will be looking at, which is how far are we . How large are the shortfalls in achieving our goals . And how fast we expect progress to be that will be the main factors we will be looking at. Of course the big news about potential rate hikes, the fomc says rates will remain low for a considerable period. Janet yellen told us what that means. The language that we used in the statement is considerable period. This is the kind of term. It is hard to define, but, you know, probably means something on the order of around six months or that type of thing. What the statement as saying, it depends on what conditions are like. The seo economics editor mike mckee interprets all that she had to say. She continued to make the point the fed has emphasized over and over that theyre going to keep rates unchanged for some time after we did to certain threshold. The phrase she used was even aftere period we get back to our targets. She was asked, how long is considerable period . People expect the fed to start raising Interest Rates in 2015, and now they have raised a total level of Interest Rates expected to hit and everybody is now moving forward the date in which they think theyre going to raise rates. That is why the markets tanked the middle of her press conference. Heres influential economist ethan harris from bank of america with his take. I think that is the problem for the markets as a look at this and it sounds like shes talking about rate hikes in the spring 2015. If you look at this more broadly, theres a bit of a communication challenge for the fed today because twice she tried to inform the markets, were not changing policy here. This statement is not a change in policy. She also said, dont look at look at what we say in our statements. The market said, we dont believe you. Will selloff. Ts the bond markets thinking the fed is more hawkish today. This is the challenge that will have in communicating going forward. I think were seeing the challenge for the next two years in that they have given up on a specific target for the unemployment rate. So now were in the vape world of qualitative guidance where it is not clear what the thresholds are. Today, the markets challenged the fed on that because she is saying, were going to look at a lot of indicators, none of them are close to the point where we think about hiking Interest Rates, but we can tell you specifically what were looking at. Theyre going to have to take care of that in speeches. It is going to be a tugofwar between the fed and the market. So yellen said, maybe six months the 20 end of qe and raising rates. I think the market is completely understood what she in a statement were telling the market. Simply, the market reacted to the notion, a couple of misstatements, you might see a rise in policy rates sooner than the market would like to see them but as a practical matter, what i believe the statement said, and i think she was clear the press conference, was her major fear is she doesnt know whether we are going to get inflation back up to the target anytime soon. You can talk about the yes yment rate, 6. 5 . Shes not going to use that anymore and shes looking at the Labor Force Participation rate just like the rest of us. The economy may be going through some demographic shifts, but practical matter, this is not a robust employment picture. But that really doesnt matter. If inflation is going to stay down, theres nothing doing. Becomes, question then what has fed policy actually accomplished . I do think she is right about the idea, you had a major backing real estate crisis, downwind damaged balance sheets. Everyone has refinanced, banks are in better shape, the household section is in better shape. I think it has distracted attention from growth. The hope is, and i share that hope him a that the repair process is now well advanced and we can start sing better growth out there. Exactlyng forward, what do investors expect from yellen and this said . I think we have reached a silly point. Certainly given the fact Economic Growth is probably going to be somewhere between 4 to five percent, it is all a natural to expect Interest Rates to be above zero at a certain point. I do think this has reached it is important, but you nailed this. You went to the heart of the matter. This isnt about inflation. Its not about jobs. It is about Economic Growth and the lack thereof. Its just not there. Equity someone who focuses most of my time as an equity investor, i dont fear normalization of Interest Rates. That was a just Economic Growth is indeed improving. Thislly, i could also see prompting Economic Growth. The shot clock is running out financing. I think the ford gardens is one of those things, especially as a new said chairperson, you have to do what you say. I think shes trying to have a little bit both ways. Sticking to numerical target or something that is unsophisticated like the unemployment rate, more nuanced than that, i think it is only fair for her to change her tune on that. It is obviously a little more nuanced. Coming up, washington ratchets up the sanctions on russia, and more maybe on the way. Is in berlinhiel for a big conference on europe positive Digital Transformation. President obama makes an appearance on the ellen de generes show. He was pushing the enrollment deadline which is march 31. It did not seem like ellen wanted to talk business. I broke your retweet record. I thought it was a cheap stunt. A bunch of celebrities in the background. This is lunch money. You can check us out on your smart phone and we are also on apple tv. Russias lower house of parliament has ratified the treaty signed by Vladimir Putin excremental. Ukraine is withdrawing troops from the region plus the Prime Minister of the region is warning. Is Crystal Clear russian authorities will try to move further and escalate the situation in southeastern ukraine, but we still maintain control and still preserve stability in this region. He is in a meeting with brussels. He is expected to sign a political accord with the eu tomorrow. Thetarted with [indiscernible] people have that dream. This is the first step to execute the dream. The dream for a better life, the dream of dignity and justice, the dream of values. Andhis is a very solid historic step for my country. As historic as that may be, ukraine is still a major financial distress, owing 10 billion by the end of this year alone. Ryan spoke to the use economic and Monetary Affairs commissioner about speeding up the process of Financial Aid for ukraine. Already a actually mandate to disperse the 600 million immediately once there is an agreement between ukraine and International Monetary fund on a new imf program. Everybody is aware there is ovation situation not only but economic situation. There is a need to move quickly on these matters. Meanwhile, from the south lawn, heres what president obama had to say about russia. Today isited states moving, as we said we would, to impose additional cost on russia. Based on the executive order that i signed in response to russias initial intervention in ukraine, we are imposing the sanctions on more senior officials of the russian government. Responda says it will to each hostile step from the imposing sanctions on american diplomats including mccain, boehner, and seven others. Russia said the sanctions against it will have a boomerang effect and come back and hit the united states. Interesting. Coming up, he made a fortune as paypals cofounder. Put a chunk of that money into facebook. Use even richer now. We will hear from billionaire investor peter thiel. Plus, good breeding can cost a pretty penny. We will go behind the scenes at londons exclusive thoroughbred auction house coming up. Are gatheredtives in berlin today for summit focused on driving the Digital Transformation in europes economy. Among them, paypal cofounder peter thiel who sat down with hans nichols to talk about what makes berlins tech environment unique. I think berlin is probably the place where it is most acceptable to try to do something new. Say you are an entrepreneur are starting a company, it will not merely say, does not immediately say, why did you fail at your last job . Or Something Like that. Which is the question in the background and many other parts of europe. Is veryhelps berlin inexpensive. When you start a business, you dont expect to make that much money. Theres something about the affordability. I think it has gone to the point where he have this critical mass, which at some point start to jumpstart. It is not quite there yet, but it is close. Why havent we seen a big exit or ipo . The why questions are harder to answer than what. It is probably one of the critical things that has to happen. My best answer is that people have sold the companys to early and been too eager to quickly transact and sell their businesses, and have not had the commitment or vision to build one up over decades. He also caught up with the founder and ceo of research gate, an International Social network for scientists in which bill gates recently invested 35 million of his own money. Several funding rounds before. Very famous u. S. Investors. My dream was to have bill gates as an investor. His goal to eradicate diseases and all his interests in science are fitting perfect with what were doing. I met him in a secret place in france and he looked at it and loved it and invested his money. So you have done three rounds of funding. How many employees do you have . Roughly 120 employees. What are the next stages or events . Were working on an open review so we can create away scientists discuss openly in a transparent way research results. It can help all of us if we have faster treatment for diseases, etc. , if we are connecting the right data to the right people. Peter thiel last night seemed to suggest some of these companies exit too soon, dont have the wherewithal to stay with them for a long time. What is your timeframe on an exit or ipo . I dont think about an exit. Selling a company for me personally and youre not able to produce something longlasting. This is something that the research can be one of the big successes. You need one big success, as peter mentioned yesterday. When you browse the web under smartphone smart phone or tablet, chances are youre using safari, chrome, or firefox. Master digital is challenging those big players with a new option called stream web and launches today. The founder and ceo explained how it works on surveillance very early this morning. We want to get rid of the text url. I just take two fingers and you can actually cap and cut out anything on the screen. It can be text and image, whatever. And then share it across email, social media, whatever. Lets say i emailed it to you. When you receive it, you get the picture and the picture serves as a link back to the article. So i get the article once i bring the picture in. A preview, almost. Can i take a picture and throw it into one of my photography apps . Absolutely. What is the copyright pushback on this . Youre essentially pulling apart a website. Has a lawyer said you cant do that . Yeah, i mean, lawyers say you cant do anything. Really . Dont quote me. The idea is, anyone can take a screenshot of anything they see. Were just making it easier to do that. The main differences, the screen shot serves as a link. Youre still getting a link, it is just not a text. If i do a screenshot right now, scarlet, on my phone, it doesnt have a link to it. Image. It is just a dumb but its not like you came up with this and they did not consider the aspect of sharing and using it. It is amazing to realize, but, no, the only way to share in chrome or safari with a text url. There is no such thing as visual sharing. Has ali baba called . No, but if you have their number, i would love to talk to them. He has been wooing over key staff from google, adobe, and apple, which is why his shirt was almost all the way unbuttoned. The tech workforce, reverend Jesse Jackson has launched a new campaign arguing for more diversity in the sector. He is targeting some of the Biggest Companies in silicon valleys with some of the biggest checkbook. You started at hp. Cory johnson spoke with him about his mission. We do not know how good baseball can be because everyone can play. The same thing with business. The white kid comes to silicon valley, the black kid goes home. Thats not fair. We must do better. I will say when you go to silicon valley, it is kind of shocking to see how quiet it can be. At the same time, of all companies, hewlettpackard has a female ceo, female cfo. I want to reduce a minute provided. Agree we certainly diversity is an important issue of corporate america, where puzzled by reverend jacksons sudden interest in hp. Hp is the Largest Company in the world with both a female ceo and cfo and nearly half our Leadership Team and board of directors are women and minorities. So why hp . What does that have to do with Racial Justice . We fight for gender equality and Racial Injustice all the while, but that doesnt have anything to do [indiscernible] asians. Blacks, latinos, buy the product together, lets share the leadership together. It is a net gain. Bloombergtv is on the markets. Lets take a look at the major averages right now. We have been seeing a rally today. There was a little come down yesterday in the markets after janet yellen spoke and indicated we might see a rise in Interest Rates sumer than some advantages of adding sooner than some had been anticipating. Economic data this morning, jobless claims Holding Steady at their lowest in about four months. Also the Philadelphia FedManufacturing Index coming in higher than estimated. We are seeing a rally across the board. We will have more on the markets in 30 minutes. Is lunch money. We are streaming live on bloomberg. Com, streaming live on your tablet, streaming live on your iphone in fact, this is the only Financial News network that streams live on the internet. Todays moving picture, where the video is the story. The search for possible debris from the missing malaysian jet came up empty. They scoured the notion after satellite images captured objects in the water, but searchers returned after being unable to locate anything. A massive earlymorning attack by the taliban and on a Police Station in afghanistan killed 10 Police Officers and one civilian. The attackers used a suicide bomber and other remotely designated detonated explosives that led to a fourhour gun battle with the police. In the end, all of the taliban attackers were killed. It a family excursion, First Lady Michelle Obama come her daughters, and her mother arrived for a weeklong visit in china. She is due to address american and Chinese Students at the university about the importance of study abroad another cultural exchanges. Their triple also include a visit to the great wall of china. Design, architect liz dillard had many challenges converting an old and abandoned infrastructure integrate public space. Were talking about new york citys highline, and attraction for tourists and a quiet gem for those who live here. Dillard took part in the Second AnnualDesign Conference last week. Is a mile ande half long, elevated railway that was left to become a ruin. Atis important that we look what exists, that projects dont just start. You start with a place with a situation. Th the it was a great challenge from the beginning because it looked like a dead piece of infrastructure. No one could wrap their heads around how you could have a part in the air. How to control it . How to get upanddown . It was hard to explain because we had to do a lot of invention. The first section open and everyone thought, wow, this is a fantastic gift. Im typically one for adaptive reuse. Not just for preservation, putting artifacts and promote a hide, the rethinking new uses for old things. Sometimes it doesnt work out. It is not only good architecture that survives the test of time, also institutions, the fate of cities. Many things are really out of our hands and we finish a project, we walk away and hope for the best that it is used right, interpreted well, holds up, that people love and appreciate it like the highline. But y