Street smart starts now. There are the top stories ahead of the closing bell. Mylan made a hostile bid the perrigo deal would be my lens biggest yet mylans biggest yet. The real fraud and markets can be found in the pool of debt from europe to japan. The bubble is not sustainable. The statue of liberty on Liberty Island evacuated this afternoon after police receiver sports reports of a suspicious package. Police patrolling picked up the scent of a suspicious package charlie before 1 00 p. M. Lets go to the breaking news desk. After a 15 year drought, the nasdaq closed at a record high yesterday. Clearly the performer among these three major indexes. Volume and nasdaq stocks is 15 above the 10 day average. Google, microsoft and amazon those earnings those come from three Nasdaq Companies that Strategic Research group calls tax staples. They have matured into these cash generating behemoths with all of the above strategy for growth. That is helping to propel the nasdaq and leading to what some more people say is a sustainable rally this time around. As prices go higher, we are seeing the fix continue to drift lower. It is now at 12, 12. 5. You can see the unexciting moves there, the complacency starting to build. The average for the past year, 14 and a half. We are well below the levels of 19. 8. Here is where your seeing volatility, in the euro. The euro gained as much as 7 10 of 1 . Greece and its creditors continue to negotiate on its debt and whether it gets any payment. Almost 1 , down to 57. 19 a barrel. Alix scarlet fu, thank you so much. The latest twist in the Time Warner Cable saga, bloomberg reporting Charter Communications advisers have reached out to Time Warner Cable after comcast dropped its bid for Time Warner Cable today. This would be charters first moved to restart talks to buy Time Warner Cable after its attempts last january. Both charter and Time Warner Cable at one point to jump on on the news. Joining us is reporter alex sherman who broke the story for us. Alex, just killing it on the comcast time warner charter. Alex from one person i spoke to, it will be higher than what comcast agreed to pay for Time Warner Cable. That was about 159 dollars per share. Lets start there, and you can look at Time Warner Cable already today on our news. Theres going to be a premium on top of that. They werent able to reach an agreement, charter offered 132. 50 a share. Time warner cable well above that level now. So is charter. Charter as this deal with bright house they have agreed to. This person told me that the idea might be to keep bright house and add Time Warner Cable and that way you would have an extended Balance Sheet since that would be a larger company. Alix what you think about what alex just said in terms of price . Amy alex is right. There is an embedded m a premium in all of these stocks right now. I think charter will have to pay a premium where the stock is currently trading. If Time Warner Cable wants to stand alone by crying bright house buying white house. Brighthouse. It is one of the few names in tmt with very corporate clean governance. Shareholders can take an activist position. Alix meaning that . Amy they can go to the board and say, lets think about options. Alix rather than a takeover. You think time warner will go alone at this point . Alex amys point is that so many of these companies have a controlling shareholder, they are familyowned. Time warner cable isnt. Because of that, activists could force a deal to happen, but its not that. Its also i think all of Time Warner Cables management and employees have expected they will be sold to comcast. A lot of them planned out another future. If youre able to get a deal done with charter quickly, you can still pay out those people. The people who were spending the money they thought they would get through severance packages and now are not getting them maybe those things can be replenished by a deal with charter. I would think there would be incentive for Time Warner Cable to get a friendly deal done with charter as soon as possible if charter is willing to pay a price that is high enough. Alix will regulators go for it . People thought this would go through and they were betting as if comcast time warner was going to happen. I we going to see it blocked by regulators . Amy that charter has a very different deal than Time Warner Cable. Charter is only up 5 million 5 million, 6 million subscribers. Contrast comcast owns nbc. Alix what does comcast do now . How much of a black eye is this for Brian RobertsGoing Forward . Amy focus on fundamentals, shareholders are happy this is a point in time where they can think about the core business and you dont have to think about too much m a speculation. Down the road it would not make sense for comcast to look at wireless assets, perhaps expand internationally or maybe bolster their nbc assets. Alex they are in m a target. They have been for years. Its not really new news, but i would say comcast becomes a more likely buyer for cablevision. They were going to get new york through this Time Warner Cable deal. Cablevision is another way for them to get new york because cablevision and Time Warner Cables. I would say immediately comcast becomes a likely buyer for cablevision, but cablevision is one of those companies amy mentioned where there is a controlling share shareho lder. Alix do you agree that comcast might be a good buyer for cablevision . Amy i think alex is right. New york is one of these weird markets where there are two operators in the city of manhattan which doesnt make any sense. Some of the reasons why comcast and Time Warner Cable were trying to merge was to make the footprint more continuous. Who whoever ends up in new york should acquire cablevision. Alex you have got this other competitor there that has a huge overlap, and they are going to compete with you on price and for customers and everything. Cablevisions footprint is not as desirable as others. Alix you have been doing such great work for us alex. Amy, thank you for coming in. Coming up not so much for a greek deal. The greek finance minister the target of frustration. It is finally that time, after months of apple watches available for pickup today, was it worth the wait . Alix german chancellor Angela Merkel calling for calm after the European Finance ministers meeting increased descended into namecalling. Bloomberg International Correspondent hans nichols filed this report from regard, latvia. Hans frustrations boiled over in this meeting in riga, latvia among finance ministers trying to get a status update from the greek government on where they are in committing to that february 20 agreement where they said they would commit certain reforms. In some ways, the biggest casualty is time lost. We have heard that again and again from finance ministers coming out. It was a critical conversation taking place. Listen to how the head of the eurogroup couch the talks. It was a critical discussion. We came to an agreement two months ago. We had hopes to hear a result and agreement on which we could take a decision. Were still far from that. Hans according to some people in the meeting varoufakis received quote, a hammering. Coming out of the meeting mr. Varoufakis said they had made some progress, they had constructive talks. He was the only finance minister to make those comments. Time is running short. Back to you. Alix hans nichols reporting from riga latvia. Im joined by the chairman and ceo of greylock capital, which owns greek debt. What are you doing with that debt right now . Its incredibly cheap. We are looking at yields of 13 compared to the other opportunities in the market is pretty attractive if you dont see there will be a default in the private sector bonds, which is almost impossible. My reaction to that is amusing that they spent whole imf meetings issuing statements to dampen expectations around this meeting in latvia, and then they turn around and say they are disappointed in the content. We knew there wasnt going to be any content, and probably what came to the surface here is some of the personal tension. It doesnt take a lot to make some of these finance ministers look drab. Yanis varoufakis certainly does that. He is an academic coming into a politicians finance minister enclave, and he doesnt have the background to present the kind of things they are used to seeing. Alix if the greek debt is only a risk if you expect catastrophe, would you be buying it here . Guest i think if you have more of a risk appetite, you can look at the equities. Probably the hottest spot to go after is the bank stocks. You can easily construct a scenario where they are Servicing Private sector bonds. The bank stocks you could see de facto nationalization of the banks and still servicing of the bonds. On the other hand, given how intertwined the solution needs to be helping the banks out, allowing the banks to survive in our view. Any of your viewers have risk appetite, that is the place to look. Alix is there a rollover risk . We have that money do the imf in a few weeks. Is there risk with that debt and the debt eight it it owes the ecb . Guest these maturities were never meant to be actual repayments. It was part and parcel of the program and rolling it over. The difficulty here is the imf never wanted to be in the greek saga. They were looking for the europeans to manage their own problems and take these loans off the Balance Sheet. There is supposed to be a rollover to the ecb. Now youre looking at the ecb having a lot of debt. The role of the imf and ecb in the sff which might be more manageable. The structure with a potential greek default the ecb would have to do a capital call. The Member States somebody would be knocking on doors. Structural problems with the ecb and imf, you are looking at rolling it over into another entity. Alix you sent us an interesting chart. We talk about how huge greek debt is. Servicing of this debt is much lower than the peripheral countries like portugal and italy. Are we overestimating that debt risk . Guest if you look at maturities as being a rollover, every time i see somebody go up and say greece is insolvent, they are bankrupt, these people are silly. The amount it takes to manage the Interest Payments is actually lower than italy portugal, and ireland. But then take a look at it from another way. If you look at the Greek Economy , precrisis, just when were starting to negotiate the psi, the debt to gdp with that size economy is within the imf target. This 170 percentage, which is not that difficult to service if it works for the austerity programs, would also be a manageable debt load. The people who are saying that greece is insolvent are missing the point. This is rollover risk, not solvency risk. Alix you had said there is an easy deal to be done. Saying, our task is to convince our partners that are undertaking our strategic, and our logic is sound. That sounds like an easy deal you would talk about great how do you do it . Guest theres a lack of organization on both sides of the table. On the greek side you have very little real Market Experience or experience in interacting with different finance ministers and governments. You have academics coming to the table with studies, not data. On the other side and one of the frustrations we had when negotiating with the psi the different governments tied them up at the wrong points. If you look at the reforms that need to be tackled, theyre probably 3 or 4 where there is Common Ground. If theres leadership on both sides trickling down, directing their people to focus on whether is Common Ground and then go for the difficult ones, you can start bringing things together. What i have heard is that the greeks will get sideswiped i the most politically sensitive reform at the start of the meetings. Focus on the Common Ground, the 3,4 reforms where there is something there, then push out to the more difficult [inaudible] and hash it out. They dont have to pay a lot out on an ongoing basis. You have something that is manageable. Alix thanks so much. I am making you stick with me for a few more minutes. Coming up next, the petrobras Corruption Scandal finally has a rice of 2. 1 billion price of 2. 1 billion. The apple watch arrives in stores today, but you still not be able to buy it. What do consumers and tech geeks think of the new retail strategy . Alix petrobras is hurting. The state run oil company last 7 billion last year and 2 billion because of a Corruption Scandal. Petrobras dropped 15 in the last year. What happens now . With me is the ceo and chairman of greylock capital. At what point does petrobras get access to the public debt market . Guest it will be tricky. They are the most highly leveraged company in the world at this point. There was one downgrade. Two more, three of the rating agencies have them on negative watch. If they get another downgrade, theyre out of the two indices. Its not a very Good Environment to issue debt. I would think theyre going to have trouble accessing the markets in the next little while. Alix does this continue the black eye for Dilma Rousseff . Guest it does not help. The beginning of the week they disclosed the end results of the corruption. The markets seem to think it is explained enough. My concern and a place like brazil is that might be beyond scratching the surface but not really digging into the messiness. Youre looking at a highly leveraged company in an inefficiently run country, and there are political ramifications. Petrobras is trading on the debt side. Its about 400 over. It is trading like a highyield pond and will continue to be one. Bond and will continue to be one. Alix coming up, will heard of texas joins me to talk about two Cyber Security bills. Alix it is the end of an era at abercrombie fitch. The retailer is getting rid of the appearance and sense of style hiring rule that stipulated attractiveness. It is the last of the legacy of former ceo Mike Jeffries who left in september. Abercrombie is also easing rules on makeup, jewelry, and mustaches to ford is a limiting a ship. The move will result in 700 layoffs and automakers are blaming a decline in sales of small cars, hybrids, electric vehicles. Samsung expanding production of exit galaxy s6 edge. By adding production at a third factory, the company can more than double its monthly output great samsung is predicting record sales for the s6 line. 30 minutes until the close of trading. Scarlet fu is looking at some of the notable movers of the session on a prettys newsy day. Sclaearlet generic drug maker mylan has gone ahead with the hostile bid for perry go. Perrigo. 60 a share in cash. Perrigo has turned this down saying it sounds better than it is. The long in the short of this is tebow once to buy mylan before mylan buys perrigo. Mylan once to buy perrigo so it does not get taken over by teva. Everyone claims they dont want to be taken over at the prices being offered. Mylan is a generic drugmaker, as is teva. Perrigo sells storebrand versions of overthecounter medications. None of this is a tax inversion deal because theyre all incorporated outside the u. S. Saving on taxes is not part of the motivation here. Alix thank you. To house passing two Cyber Security bills this week, and the bills will encourage companies to share cyber threat information with each other and the government. Critics say they are quote surveillance bills in disguise. Joining me to discuss is a republican congressman. He is a former undercover officer in the cia and Senior Advisor to a Cyber Security firm. Thank you for joining us. Guest thanks for having me. Alix how do you convince companies to share data with each other and the government . Guest the key is liability protection. Companies need to make sure theres a framework in which they can share this information with the federal government, and that will not cause undue pressure on their bottom line or their stock price. These two bills that we passed out of the house today are good bills that provide that type of protection. We can begin having a conversation about sharing information between the federal government and the private sector, something that needs to be done. I think the federal government should be sharing as much information on these bad actors as we can so the private sector can protect themselves. Alix what about the response of critics hussein say these are surveillance bills in disguise, companies can look at what i do and use that information . Guest weve heard those concerns but weve address them. A lot of those concerns in these bills its very clear there was an amendment that was added in the Homeland Security bill during the process of creating saying none of this information can be used for surveillance. It is very clear and explicit in the language of the bill. Alix isnt that a fine line . Guest it depends what kind of information that you are sharing. For us, this is about sharing threat indicators. Usually it is bad ip addresses or bad email addresses. You are not sharing the underlying communications. This is really about making sure people are protecting their networks the dhs has the authority to defend all the civilian networks and civilian agencies. Alix outside of the u. S. , what does this do to Impact Co