Vladimir putin has cleared the way for crimea to join russia. They have warned they will not allow it. Tensions have hit the highest level since the cold war. Ryan chilcote joins us from brussels. What is the process for them to join russia . It is up to the russians to work out. For all intents and purposes, it will be part of russia. Putin sign those documents earlier in the day. Which is now in russia, is pretty significant. They are already the Worlds Largest country. This is his first expansion of territory since the collapse of the soviet union. Should say First Official expansion. As you pointed out, the u. S. And european leaders were just meeting. Certainly will not put crimea on any map of russia. The russians are there and they are in control. They will now try to integrate it into their country. Do you not count Southeast Asia . Two county area they occupied in georgia . The difference is there are areas where russia has va facto control, in moldo and georgia. The difference is, russian never actually said they are part of russia. They have gone a step further here. In all cases, no one else does not recognize russian control. Their First Official lets talk about the sanction war. The u. S. Is ramping up the stakes. Who is next . So, the u. S. Came out with this list of russian officials that will be on theyve sanctions. Also, some business leaders. They sanctioned one bank. It is all really in russias court now. What is he going to do . Earlier in the day, he told his government at a meeting that he saw no reason to retaliate. Is not thebank, it central bank, it is a commercial bank in st. Petersburg. Putin said she instructed the bank to support them. He said he will go there and open up a bank account. He will have his salary this was a joke he will have it deposited into the bank. He is trying to make light of a serious situation. It is a good example of how personal sanctions are affecting the russian financial system. The next thing to watch maybe ukraine. He was also at a government meeting and got a report on the situation. He said they owe 16 billion. With all of the cameras present, people see that spectacle and may wonder. Ukraine does not have the money to pay it back. Thank you so much. We appreciate it. Do not miss ryans interview with the ukrainian Opposition Leader at 2 00 eastern this afternoon. I want to say come on a personal note, i have seen him fight. One of the greatest heavyweight championships in the world. We will tune in for that. We were discussing total integration of the region as a long and come pitted road. Scarlet fu checks out russias potential tab. The crimea annexation is official. It has been building up. There is an iou of sorts. Russia has promised to pay crimea 1 billion. One russian newspaper says that the cost of absorbing crimea could cost 20 billion over a threeyear time period,. What are some of the bigticket items . If you are a buying a country and paying less than half of what you paid for the olympics, it seems like a good deal. Wasnt it how far they went beyond the budget . 51 billion was the olympics cost. Once every four years compared to buying a country is good. They are paying for pr. What are the bigticket items . Transportation and infrastructure. Crimea and russia are not connected by land. You need a bridge. One bridge was approved. That would cost 1. 4 billion. It will cost 3 billion. They are also looking at underwater tunnels and railroad. Then you have basic utilities. Cap, water, electricity. Ukraine will charge pressure for those services. One alternative could be that they will build new plants. That could cost 4. 7 billion. Crimea has an aging population. 25 of the population are pensioners. Russia would have to adopt them. The pension is double what crimea pays. That would work out to 1. 9 billion per year. That will continue. Crimea receives more in subsidies from kiev than it pays in taxes. Crimea is basically a 1 billion drain. Russia needs to match some subsidies. Not to mention, i have seen some articles. Homeowners seem to get worried about where they are going to own their homes. Will account . It count . Para logistical issues of people and how they get around. How do you travel from one place to the next . Getting a passport will be a big deal. Russian passports will be given out. The first issue is on wednesday. The fee is 200 rubles. That may not seem a lot, but you have to multiply that several times. The russian ruble will become the official currency. I wonder about the language. Will they have to speak russian . Most of them do. But forced to . Ukrainians have been told to switch to russian. That is one of those. Pressure things. Is a great way to integrate people into a country. You want them to start speaking airline which. Otherwise, they form pockets. If you voted yes, you would get a lot of benefits. What was the reference . 96 . There was no option to not join russia. Thank you very much, interesting stuff. Im sure it will cost twice as much. We will keep tabs. Time for the news feed. The top stories from around the world investigators are looking into whether caterpillar improperly avoided taxes. That is according to people familiar with the matter. This has to do with moving profits outside of the country. A former employer says that they shifted profits to offshore companies, avoiding taxes. Shares of nike are following today. The biggest Sporting GoodsCompany Forecast sales less than estimates. They have been hurt by a stronger dollar a the value of international revenue. And it is the biggest irs phishing scam. Are pretending to be irs agent. Agencies say that scholars tell people that they owe money to the irs and must use a Wire Transfer to pay up. Typically, the irs will Contact People by mail. Do not give information over like that. I would not want to. Technology ceos are headed back to the white house this afternoon or more discussions with president obama on nsa spying. That includes Mark Zuckerberg, who has put himself front and center on this issue. Megan hughes is joining us now. What do we know about the meeting . We know that it will be after 4 00 today. Mark zuckerberg and the google chairman, eric schmidt, is not going. Marissa mayer yahoo said they did not have enough time to get her out there. There was not enough notice about this meeting. They did say that yahoo will be very involved in this issue. With Mark Zuckerberg, this is very interesting to watch the dynamic between zuckerberg had the president. Causew that he put in a of the president earlier this month on march 13. He was concerned about the nsa issue. This is after reports leaked from Edward Snowden on a news site. Was posing asnsa facebook to get into peoples computers. That is obviously a big concern for Mark Zuckerberg rid he is been releasing on his Facebook Page a post saying that there needs to be more transparency or people will believe the worst. That is one back story we will be watching. Also, in just one week, march 28, that is the deadline. The president asked for recommendations on a Data Collection program. It is a very timely meeting. Were seeing pictures here of tech ceos. This kind of meeting has happened. They have discussed the nsa in the past. What is different this time . Keep in mind that was back in december. A lot has happened since then. Centerburg was not at that meeting. Sheryl sandberg without them meeting instead. This will be an interesting dynamic. Since that meeting, a lot has happened. We have a big speech from the president on the nsa. He suspended the program, saying that it is necessary and lawful. Theyre also adding changes to the program as well. So, that change we also had a report on the Civil Liberties council saying the opposite, contradicting the president. He said there is not a National Security purpose and they should be shut down. You can expect a contentious meeting today. Thank you so much and awesome job. Havel like we have to another meeting after Edward Snowden releases his next rash. They have been accused of spying on their own people they spied on a user who might have stolen data. Accused of, like they didnt do it . It is not called spying, it is just looking. They were using a hotmail account. Two banks get stressed out . We will look at the news. Tell the truth, you would not be shocked if some airline installed pay toilets on the plane. We will tell you about those fees. It is the only way they can make money. The globals after financial crisis, a majority of u. S. Banks have passed the fed health check. 29 of the 30 lenders could withstand a deep recession and still pay dividends. A Consulting Firm specializes in financial we got a lot of data points yesterday, what was your biggest takeaway . Most of the presence focusing on paying dividends. That was a foregone conclusion. The banks accumulated enough capital thanks to the regulators. Most of the bad assets that were created before the recession created the weaknesses. Can pass ist they not a big surprise. Cynicalnow the conspiracy theorist in me feels like these are rigged. Am i off base . 25 job andurvive a home values . 1112 drop in home rain . Theyre not that great were that smart. Since the recession, they have been accumulating. They have been making good profits. Most of the bad loans that caused the problem they have worked off their books. What will be much more interesting is the numbers behind the scenes. If you look at mortgages, everyone talks about mortgages. Behind the scenes, there are some banks with singledigit losses. Another bank for the same category has gone as high as 16 . For the first time, theyre looking at earnings. More than the quality of assets. Theyre looking at growth, which is interesting. Theyre looking at the individual. What are the other factors . We are looking at the approval next week. What is behind them . It is a big city bank. They have losses out of a fraud case. They will look at those controls. Does the bank have the right controls . The shift now is towards controls and reentering a new phase which is not evident from the results. A used to be the quality of assets. Now there is a focus on earnings. That the banks are looking good is because you forced them to save their money. For four years or five years, they could not pay dividends. Process, get into that their earnings taken hit. Can they maintain that . I think analysts are projecting 75 billion in dividends. How much of that is at risk . I know a number of banks in the city can do four percent better. Citibank says they can do three percent better tier 1 than the fed looked at. Almost all of them the big ones have overestimated. Here is the catch 22 it is a twoyear stress test. You make a loan today, it acquires 10 . 10 in capital. That will pay you one cent accumulated. The more you grow, your Capital Requirements grow. How did they game the system . They showed low growth rates. You require less capital. This year, the fed says timeout. Youll decide how we will decide how you grow. Will they be able to maintain their dividends . They will maintain their dividends. The question is, when there is tremendous opportunity, rates change. Then there will be new sets of stress tests. These tests will happen every year . Every year, there is a new scenario. Another stress test. The stress test will start focusing more on earnings. Growth will be the problem. Will the fed always pass every bank . Once they start your Conspiracy Theory is right. I think the banks that fail fail for different reasons. There were other failures within the details of the numbers. The fed is giving the bank a message. You better fix your portfolio quality. There are hidden threats. The fact that they could pay dividends accumulated earnings for 45 years. You cannot read too much into it. The numbers behind the results and how the banks are gaming. They will try to game is much as they can. Thank you so much. It was just your luggage first. One airline wants to charge to 16 just for printing out a boarding pass. How expensive can it be . We will talk about super airline ripoffs in just a moment. We are approaching 26 cap the hour. It is time for on the markets. Check out the broader market. We have gains on the s p and do w. The nasdaq is taking a bigger hit. Gaining about a quarter of a percent. I actually have been away for so long there is a lot of trade action. We are raced the wednesday losses. We are heading into the witching moments. Were also watching nike sliding. They are climbing at a slower pace than projected. The strong dollar is hurting too. Theyre relying on a lot of overseas that definitely hurts. Theres a lot of competition overseas. Blackberry is going to sell most of its Real Estate Holdings in canada. That is the country to the north was. This will help the smartphone maker to shore up cash for a turnaround plan. People think it is cooler to use it in car navigation. They continue to get stuff done. Coming up, pay to play on the nations airlines. Your ticket only gets you on board. Everything else pretty painful. Stay with us. Welcome back. I am matt miller. And i am alix steel. Before you think something is happened, erik and stephanie still anchor the show. Airline fees are soaring high. Profit is the only thing doing it. Billion inn over 23 fees for food, baggage, c preference, other services. Airlines look at how doubled their profit forecast. Kelly, joining us from miami. Thank you for coming on. I have talked to people about this all morning. I will date myself and say what awas in college 20 years ago, roundtrip ticket to columbus, ohio cost the same as it does now. They have to do something, right . Airfares have remained affordable. The big difference is digging you on those fees. United announced they will start policing carryons. If youre used to carrying on multiple bags and pushing the limits, be prepared to check it. What kind of fees did you pay for your trip to miami . I have airline elitist status. I do not generally pay for checked bags. Airline credit cards also give you a lot of those for free. In general, the consumer will get hit for fees. Especially for food or wifi. Can you get around that . Can you get airline elite class without flying three times a week . The big game is credit cards. Most credit cards will give you a lot of waivers. They will even give you a lead qualifying miles. Frequentou are not a flyer, if you have the right card, you can get you elite status. That sounds to me like we are paying for it either way. Sweetyou have a super platinum card, then you also get baller status. My husband and i have a delta miles card. What airline is the worst offender . Look at business week. Delta is the worst one. 400 to switch your ticket . They just increased their change fees. If you want to upgrade internationally, be prepared to pay for a refundable coach fare. That may be marked sense of the Business Class. We just bought a ticket to europe. We wanted to upgrade and they told us we had to buy a whole different ticket for 400 apiece. What is the point . Why am i using this card . You get double slammed. They charge you the fee to change and the refare. The economy is rebounding. There are business travelers paying for this Business Class seats. It is so unfair. You do not want to fly to europe and have to fly luggage class. We saved our miles to upgrade. This was our big dream. What is the worst the . Fee . Airline websites are generally terrible. You have to call to book an award. They will charge you. It is ridiculous. I have this problem with iberia back and forth to spain. The website never works. I have to call to confirm that things are right. Then they charge me 25 dollars, even though it is their website that failed. And you have to wait on hold most times. When you calculate the value of short time, it is ridiculous. When you use your frequent flyer miles, a lot of time to book and nadine you with a Convenience Fee they ding you with a Convenience Fee. Do any of the fees have an adverse impact on consumers . Are people flying less . A lot of the fees due makes sense. American came out with fares that will allow you to change your flight. Your next miles. Even getting the best seats on the plane. I do not mind paying extra. Some of the fares due makes sense. In general, theyre pretty annoying. How far away are we from an airline actually asking you for money to use the restroom . Ryanair has used that as a vote was based on. They are one of the worst. They actually cut off online checkin three hours before your flight. I got slammed with us. I had a 100 for them to print my boarding pass. That was twice the price of the cost of the ticket. That is insane. They are cheap. Looking at the list of fees, spirit, allegiance all of these airlines that we would never fly on. They charge you for everything. You can still use the restroom for free. You can for the time being. That would be my Worst Nightmare on a plane. My final question to you you are the point guy. What is the best way to use my miles . I would recommend to everyone, all of the airlines have delta came out with tearful programs. Get a credit card that allows you to bank points into a pool. Yout way, your diversified are diverse five. Diversified. I got tendinitis inscriptions. It was my only option. Do magazines is still exist . The only time you need them is when you are on the airline and they charge you for inflight wifi. Businessweek is still awesome. Check out this weeks magazine. Went from wall street to helping people figure out airlines. Up, holy glaucoma way. A shortage of avocados. I love avocados. That is the next. Rising up line prices. What is a Mexican Restaurant taddeo . The key to cutting costs is to have an executive chef. Veda. E the ceo of costa is this a crystal ball . Or is this about how the executive chef handles food . It is planning. We found with our supply chain, as we identify ingredients, we get them from all around. We deal directly with farmers. Our avocados come out of mexico. Theyre from a mountainous region. They have the oldest avocado trees. Their 150 years old. You mentioned you love avocados. What makes one great is the oil. S produceer tree more oil. We have avoided the challenge in california because we get our avocados