Following ahead of the closing bell. Euro area finance ministers telling greece it must meet move faster if it wants europe to unlock more bailout funds. Reese is said to have slid backwards as it has not offered the details needed. Athens has until june to reach a broader agreement with the euro area. Janus fund suffering its first black month since gross joined the firm. About 1. 45 billion in assets. Bain capital seeking funding for its third asia fund. They hope to capitalize on a surge of eye out deals in the region last year. The fund will focus on china japan, india, and australia. We have got less than hour until the close of trading. Breaking news desk, scarlet fu is looking at some of the action. What are you looking at . Scarlet we are seeing a come back from fridays big selloff. The dow industrial is near its best levels of the session. You have 26 names higher, and only 4 declining, led by intel and cocacola. You see the yield on the 10 year coming down to 2. 19 after it reached the highest level in 2015 on friday. The dax is one of the bestperforming western european stock benchmarks this year, up more than 18 in 2015. That gain is a lot of different in u. S. Dollar terms. More than 20 record highs in two months on anticipation of ecb quantitative easing. In the u. S. Market, m a is helping drive the game. Simon Property Group going public with a 22. 4 billion hostile bid for its fellow shopping market owner. It would be worth 91 a share. Rti International Getting a big bump up because of color continues to build its business of making Specialty Metals products for the aerospace industry. The price tag they are about 41 per share. Pinnacle, this is a deal in the casino industry, gaming and leisure offering to buy rick and mortar assets for 36 a share. What apple shares are doing here is the turn as tim cook and his fellow executives were on stage giving pricing details of the new apple watch. Apple was at a high earlier today of about 12957, and hit a low of 12506. It is up a quarter of 1 , but certainly the price range you guys were discussing, anywhere from 350,000 350 to 10,000 plus. Alix we tend to see that kind of selloff on apple after these announcements. Apples big event, tim cook taking the stage to introduce apples pipeline products from a medical research at to its thinnest macbook ever. The apple watch, he delivered. Here is tim cook on the 10,000 watch. Tim there will be limited quantities of the apple watch edition. It is priced from 10,000, and it will be available in select retail stores. The apple watch edition is the most beautiful expression of the apple watch. Alix joining me from San Francisco is brad stone, covering the event, and corey west. 10,000, brad. Did the crowd go wild . Brad apparently, there was a gasp of astonishment. People pay tens of thousands of dollars for luxury watches. I do not think that is a story. The apple watch starts at 349 for the sports edition, 495 for the stainless steel version. Did it deliver enough value for users . Being able to track your uber driver, being able to identify a song via shazam these are things you can do by your phone. Apple is selling glanceability. Is it enough for an item you have to charge every night . The phone looks great. There are certain versions of it that are more affordable than the gold edition. We will if people really want to wear it. Alix cory, with the phone and laptop, we all deal with the replacement cycle. Can we really expect consumers to go out every few years and by a mother 50 watch . Cory another 350 watch . Cory that is the cheap version the sport edition, starting at 550, but up to 1100. I think that is where the Main Business is going to be in that space somewhere up to 11,000. The highend watch starts at 10,000. Starting at 10,000 is interesting for these guys. Will people continue to spend that kind of money and upgrade . It is much less than their laptops, much less than a full price phone. I do not think it is ridiculous to imagine a really Good Business in that price range for a device people want to use and i imagine the device will get a lot better over time. If you buy a 10,000 dollar rolex, you might lose 20 on that if you overpay for it, you have an asset that is worth something 20 years from now. That might not be true of the apple watch. It is an interesting pricing strategy. I think it is important thing back to where apple was 15 years ago, when they were trying to find a way to expand their pc market share by cutting into their profits, by taking their profits down from 20 to 10 or below. What they are thinking here is whatever we sell, there is going to be some profit, and we need stuff that is good enough to keep the profit margin. Maybe by having the very highend, they will be able to have a lower profit margin but sell more units. Alix you make a good point. Can anyone recycle their gold watch . Rolex keeps its value because you can resell it. Who is going to want an old 10,000 apple watch . The thing in mind the announcements we saw today, which was the most significant . Doug brad the macbook stole the show. It is 24 slimmer than the last macbook. They have a haptic feedback touchpad, a new usb port. Apple watch is the bigger bet for tim cook because it is the first new product category launched under his purview, but they are going to sell more macbooks. That is a steady your business. I would say apple watch and macbook have shared the spotlight in San Francisco. Alix did you feel like tim cook successfully sold the apple watch . Did he get the job done . Doug i have to say personally, i am skeptical. The smartphone exerts such a gravitational pull on our lives. This is why ipad sales have slowed down. We pay more attention to our phones. The idea of a watch that complements the phone, that does not work without it, that offers a limited, curated version of what is already available on the smart phone that is a tough sell for me. I did not see any apps demonstrated today that expanded our understanding of it. I think tim cook from what i can tell, did a marvelous job. Sales numbers will tell the story. I do not know if he completed the sales pitch. Alix what country do you think the iwatch is really targeted toward . I think gold, i think china. Cory i think it is a u. S. Product. It really is a global product. The notion of this phone is meant to have a global appeal. I was really shocked they are going to sell this thing in Nine Countries around the world. I was also shocked to see they are going to sell this in Department Stores in paris and london, on a very highend and sell them in apple stores on an appointment basis. You have to schedule an appointment to meet with someone to explain this watch to you just place an order when it first comes out. I think that is very important. I think it is some important is important and shows they are starting something new at apple. What happened today matters, but it is not game over. Even though we are in spring training season, i am not thinking about baseball yet, so i wont say it is the are standing, but this is the beginning of apple trying to do something very differently. This might expand other products. This macbook is going to be in three different colors. There is a gold version of the new macbook air. I think that is important as well. Indeed, it may be a more important project this year. Longterm, the watch tells us a lot about the future of apple, good or bad. Alix skepticism from brad, a more positive outlook from cory. Good to see you. Are starting to appear on the greek deal. European Officials Say the reform plan does not go far enough. Plus, jeb bush is in talks about a new ebook, based on conversations with the florida governor. Alix welcome back to street smart. These are the top stories ahead of the close. Angela merkel is still hoping for a diplomatic solution to the ukraine crisis. She made comments at a speech in tokyo earlier today. Merkel also noted the onus is on russia, due to seizure of ukrainian territory. The president of the European Commission has called for the creation of an eu army to demonstrate unity and seriousness when it comes to defending european principles against russia. However, the proposal was immediately rejected by the british government. Right now in washington president obama meets with European Council president donald tusk at the white house expected to discuss ukraine, russia, the economy, and the transatlantic partnership. The ecb kicking off its bond buying program, buying debt from at least five countries, including germany and italian bonds. Bond rallies. The german 10 year yield approaching a record low. Questions remain over how the ecb will handle losses from buying negative yield bonds. A warning that ecb qe could increase the risk of global deflation. Here to discuss the president and ceo of mark investments. And here onset, Lisa Abramowicz. Axel, good to see you. How hard to prices how far do prices have to go to entice sellers . Axel fewer sellers are going to be there. Mario draghi indicated he will go as low as 2. 2 , since when the fed engaged in qa big banks could sell bonds and parked the money at the Federal Reserve. The eurozone, people get penalized. I guess the theory is that at minus zero. 2 there should be plenty of sellers to get rid of to sell their bonds to the ecb. It is good to have that framework. Alix how do you deal with a loss sharing program with negative yields . Will that be some kind of issue . Lisa basically, you have Central Banks that have not agreed how much of the negative yield that they are going to absorb. They are going to have losses. This raises some questions. If you have one central bank that is going to buy up to the positive rate and others that are not, they might say you are buying debt that is too risky. It shows a different this program really is Federal Reserve stimulus and quantitative easing. Axel this creates a political can of worms when there are losses stemming from greece. That loss should be shared. Germany says wait a second, we do not want to buy these bonds so what should we do about these losses . Later, others will say, you guys railed out on those losses. It does not matter. A central bank and have a negative network. The bank of israel has had a negative net worth for 20 years. But the ecb has this rule that losses should be shared, paid into the government. But rules can be changed. Alix changed with a lot of struggle from national Central Banks. Axel, because you are our currency guy, i want your take on bank of americas call that says the Foreign Investors will be selling a lot of their bonds if a lot of currency is hedged. That would drive the euro lower pushing up the dollar and increasing deflation risks across europe. What do you think . Axel Foreign Companies are issuing bonds in euros and might not be hedging their currency risks. That might have a similar impact. These are real players, real money selling the euro. At the same time, people are dreaming up all kinds of scenarios. My view has been that qe, all it does is weaken the euro. It does not help anyone but germany, that is ready to leverage this weaker euro. And the costs are big ones. Alix right now, what is the incentive from someone for someone from the u. S. To go to europe and by bonds yielding almost nothing, or potentially less than nothing, when you have the eurodollar difference causing net losses, because the dollar is depreciating so much for the euro is the dollar is appreciating so much and the euro is depreciating. This is discouraging investment in europe. Alex a counter narrative is there is good news priced into the u. S. Dollar. On a real basis, Interest Rates are more negative in the u. S. Than in the eurozone right now. It is just anticipation of the exit that we have this trajectory that is doing so great in the u. S. Keep in mind the dollar has been rising in a risk on a environment. If we have the stock market topple because of an exit pursued by the u. S. , i am not sure the dollar is going to benefit. Mario draghi does everything in his power right now, and that might scare some investors away. There is structural reform and those sorts of things. Qe does not do that. Alix greece, european Officials Say the latest proposals fall far short. The dutch finance minister saying greece must pick up the pace, and officials have to stop wasting time. Finance minister we would support greece further if they continue on the reform path. I think the talks about the program and the reforms that are needed should restart very, very quickly. We are losing too much time. Alix greece lisa if greece does not pay, is that a default . Alex axel they will find ways to get the money, learning by doing. He is wasting a great deal of time. It would be very helpful if he got serious about the thing. The letter he wrote is kind of sweet, but a first grader probably could have written as good a letter as he wrote. We need to live up to the task. He will probably do that, but he seems to like to do these things the last minute, and that is all for a great cost to the greek society. I do not think it will be such a burden for the rest of europe. Ultimately, if the ecb has losses, it is mostly a political problem. Alix is that why this greece is very different . Lisa to axels point, the bond market is not responding much. You saw greek threeyear debt rise to about a 15 yield as the value fell. But that is far below the 21 we saw about a month ago. Alix we have not seen the periphery take off iq did a few years ago. Lisa take off like they did a few years ago. Lisa they are not buying it. Alix jeb bush in talks with amazon for an ebook inspired by his emails. Alix Hillary Clinton may be under fire for using private emails as secretary of state, but jeb bush hopes to turn his into an ebook. He is in talks with amazon for a memoir. John allen is in the studio with me. No one is probably going to want to read a book of emails, so is this anything more than a push back at Hillary Clinton . John hiding his email in plain sight . I do not think many people would buy it. Hillary clinton, republicans have known for some time that she had this issue. Republican investigators in congress have known for some time. This is a smart move by jeb bush to get out in front of this Hillary Clinton scandal. Even had he not known about this issue with her emails, the clintons are famously opec, not transparent. To get up there and say, read my emails, it is a contrast. Alix jeb bush, his national campaign, it seems he is sticking by his immigration policies, sticking by common core education. Does that mean he is saying, i do not care about base republicans . I am going to win this National Election . John you have to be able to lose the primary in order to win a general election. He is talking to republicans saying, i do not agree on this issue or this issue but we agree on these other things. Alix can he do that because he is such a good fundraiser . John that is part of it, raising money versus other republican candidates. But i think there are other assets he has as a candidate. He is pretty nimble on his feet. He is not the best candidate you have ever seen. A smart guy, experienced in government. Alix there is no bush fatigue . John i think there is bush fatigue and clinton fatigue. At that does not mean it will not be bush versus clinton. Alix you think bush clinton try 14 . John that is the most likely narrative. Alix the answer to venezuelas economic crisis . What one of its neighbors wants in return. Alix apple unveiling its smart watch. The device has a customizable face and a feature called lands it for features such as whether checking. A feature called glance it for features such as checking the weather. A deal for base ridgewood combine two of the largest u. S. Shopping mall owners. The offer may be the opening salvo in a protracted takeover battle. The u. S. Stock rally turns six years old today. Laszlo birinyi says he expects the bull run continue as long as investors remained skeptical and pessimistic. He predicts the s p 500 will climb to two to 40 over the next 36 months. We are 30 minutes will climb to 240 over the next 36 months. Scarlet on the new york stock exchange, every three stocks are higher for every two that are down. Some positive breath as we head into the final half hour of trading. Tesla is trading at a ninemonth low despite gains in the broader market. The electric carmaker confirming it is cutting jobs in china, but no details on how many jobs would be affected. Usually when a Company Confirms job cuts, it tends to rally on the news but tesla, a lot of people are waiting for big news out of china and this was not the news they were looking for. Any indication that sales were slumping there is hitting the stockard. Big oil names like chevron exxon, and conoco phillips. Business fundamentals could improve this year because of three main reasons higher oil prices, increase production and global refining margins. Of the three, only exxon would generate positive Free Cash Flows after paying a dividend in 2016. Mcdonalds i know you will be speaking with betty about it later on, but it is rebounding from weakness, up despite a night straight month of comparable sales. The u. S. And asia were the weakest with declines of at least 4 . Alix thank you so much. Love talking big oil. Time for the roundup, stories we are tracking ahead of the closing bell. I am here with Lisa Abramowicz, lisa and with matt miller. The smart watch, who is doing it . Lisa i am all in. We need to talk more about it. When one of the Biggest Companies in the world makes a huge new product, we need to talk about it. None of us are saying we are going to buy it. How long does it take for the adoption to take over . This is the most brilliant Marketing Campaign ever. Everyone is talking about it. There is a huge company with endless cash, and they get all this free advertising. Hats off to them. Matt and there are no details that are new or exciting. I knew that. Alix you get this. Matt i cannot think of anything you would not have expected that is actually involved in this watch. Lisa th