If the fed were a boring enough institution, i am glad they chose beige for their book color. Nothing could be more mundane than that color. I am glad were back to mundane fluctuating markets. It means no countries are currently being invaded. Qwest lets get over to the big previous. Thank you. We are seeing the russian ukraine system have an effect on one stock in particular. That affects on mobile. This drilling rights to the area in russia. There is potentially some concern out there that if there is some sanction against russia, that would peril their access to the partnership and the land. We are seeing shares drop. Facebook is up. Raising is tight price target. At the same time, it is saying it will be more strict about trying to prevent illegal activities from happening via its website. Shares are up four percent. Speaking of gun sales, the legal ones are happening a lot. Earnings are beating estimates. The Company Coming out with a forecast ahead of estimates as it grabs a bigger share of the gun market. Boost to gun sales on concerns there would be more regulations. That would be coming down somewhat. Newng off of enough Innovative Products to still grab done dollars. Qwest thank you. Janet yellen says the fed has more work to do when it comes to fixing the u. S. Economy. She spoke this afternoon to the. Ed staff peter cook has more on her comments. Public schedule today . A secret event . Class it is not often we do not get a heads up the fed chair is about to speak, especially when it comes to talking about the economy. This is something we got lastminute word on that janet yellen was speaking privately to members of the Federal Reserve and participating in a ceremonial swearingin. She has sworn in for some time officially. She is joined by her family. Ceremonialr the attending. In thisle to serve position was an honor, but he talked about the economy and the challenge ahead for her. She basically says, id knowledge we are not there yet in terms of the u. S. Economy. She said too Many Americans cannot find a job still. Maximum employment and stable prices. Equally clear the economy continues to operate considerably short of these objectives and she pledges to continue to try to make changes so that the economy meet those objectives. She makes some news or hints at some news in one other portion of her comments i want to share. Whatossed the continue on an bernanke did in that job. He initiated press conferences in 2011 is one of many steps to make the Federal Reserve more transparent. She says i promised to build on his legacy. Explicitly say she would have a press conference after every single fed meeting, but that is one of the things speculated on. Stay tuned. She promises more to come on the transparency front. Finally, she has personal comments about all of those americans who show up, saying she will not forget about those folks when it comes to looking at employment numbers. There is a personal story by each and every one of those numbers. Today at the fed. Class a big surprise. Now onto the big story. The crisis in the ukraine. The financial underpinning of the struggle is getting longer. The eu is offering as much as 16 billion in aid to the ukraine over the next years. Top of the 1 billion the u. S. Is working on. The were over natural gas. Ukraine and western europe are reliant for a large portion of their energy needs. Be a douchewill it we have anastasia, ryan, i want to start with you. What are you hearing from the people there and whether they have a sense things will not continue to get worse right now. Class a lot to talk about. Lets start with some of the unrest in the east in the country. , an has been the city Industrial City of about one Million People. About 500 miles east of here. The last few hours, we have seen clashes. We effectively had a group of about 2000 prorussian protesters. 5000 proukrainian protesters. Then the police were brought in separately. A group actually stormed a Regional Government building there. We heard the day before yesterday president putin talking about why Russian Forces are in crimea and why he is looking at the ukraine. He talks about the need to protect russian speaking people. This would of course give him an excuse to go in eastern ukraine, something he said he did not see the need for yet. It is certainly something to watch. Then at ground zero in his crisis, that is crimea. The crime era peninsula. An intense situation. United nations envoy right now is hiding out in the airport. He arrived just yesterday and had just visited a Ukrainian Naval base. As he left, he was greeted by a group of 15 foreign men who told him he should leave and he said he felt threatened so he went to a cafe and stay there for little while, trying to stay with them. Eventuallys eventually decided it wasnt there for him and went to the airport. After almost 24 hours of a low here, people are still very volatile in the ukraine. Class it sounds that way. Let me ask you, a 15 billion loan from the eu, will it make a it ise right now . Certainly a step in the right direction. What thempared to ukrainians have, a terrible situation. They need about 35 billion to help plug the hole. As you remember, several months ago, when the ukraine decided to turn down the Eu Association agreement, they did so on the knowledge russia was going to purchase 15 Million Dollars in credit. The eu has effectively matched what the russians did. Kospi with the eu do that . If rush is going to own the country essentially, why should the eu pay to keep it afloat . I do not think it wants to admit russia could own the country. Class that is deftly part of it. Class they obviously do. Class v. Not sure it does mean russia will own the country. I think that is very much up in the air still. Government there has really taken steps to get their affairs in the right order. They are very sure they could work with the eu and the United States in order to get themselves where they need to be. That is optimistic. It is good. A little optimism is good. That is the crux of the matter, the discussion of who has a vested interest in the ukraine. A lot do. There is much more to this than the first meets the eye. There is an interesting eu has in securing the natural gas pipeline that runs through the ukraine. Russia does have pretty those things have to be melded together. In thiswhy we are position. Class we have been seeing the markets swing pretty wildly. We started this week amidst a lot of concerns this might boil over into a full on more war. Then big relief yesterday it seemed russia did not intend to invade the rest of the ukraine. At a mixed market hohum. What is the effect on the Global Market if this situation becomes increasingly more tense . To answer the question, the first is separatee to do which country and region we are talking about. The United States, european union, the ukraine and russia. The implication for each one of those markets are very different. For the United States, because of our geographic, distance, from the ukraine, we also do not because we dont have the same financial relationship. The mistakes the stakes are quite a bit higher and so are the risks. We can expect to see volatility. That said, within the volatility and dislocation, it is actually an opportunity for investors to reposition if they believe, as i do, the recovery in europe will take hold. Class we will continue to watch it all and keep everyone updated. We appreciate you being here today. Ryan and hannah. All right. Of vladimirnk putin, the word peace does not come to mind. Check it out. [indiscernible] peace prize. Are we sure it is not a hoax . It is not. Rovided a way out whether hes, deserves a Nobel Peace Prize for that is a big question. I do not think john mccain would like as much. He believes the cold war is still on. Crimea are at least keys to maintaining the empire. You can see the room there were he is set to speak and will bring the news is a comes. Meanwhile, in the smartest guys in the room decided to exit, should you follow . Timing of Financial Firm it has been very very good indicator. You talk about goldman sachs. Good timing. In the months leading up to the credit crisis of 2008, you had blackstone and mf global all going public. Now we have ready new record high and you have invested in of skyaking advantage high prices, filing for an ipo expected to raise 100 million. We are joined right now by the chairman and ceo of an advertising giant, nbc partners. What is your sense right now about where the markets are . I think there is a fundamental shift that happened that is more board and. More important. There has been a movement going to smaller entrepreneurial or firms. They are capitalizing on this. Why do they need this . Toant capital and diversify the talent pool. If you look at the returns of the boutique investment bank, they have done exceedingly well. N we are four years into a cycle. Gd both edie Growth Growth unemployment is mediocre. Doesnt seem like when the smartest guys in the room are selling, it would be a little risky to buy . I do not they going public and putting capital into the treasury is indicative of selling. It is an opportunity to put at aal into the Business Time where they can monetize value. It is not the same as selling equity on a secondary issue where they are cashing out. When you saw yesterday 1. 2 to the top four people at apollo, that it has been extraordinary. You talk to people likely cooperman. He would give you very sound and fundamental reasons why we have got two or three left in the cycle. Some reasons being the low interestrate environment. Qwest also, companies are doing well. Our corporate clients are doing nicely. Are they willing to spend . You are an advertising guy. Spends expected to grow by three or four percent. I think the uncertainty about the fiscal policy is sing corporations what would give you more confidence that you know exactly what to expect about taxation policy and Health Care Reform, etc. There is no indication about what the final outcome would be. 70 of the business are outside of america. They are in china and russia and brazil. Those markets are growing. Each one differently, but china, i read yesterday, seven or eight percent growth in the economy. Not nine or 10 of where it was. I do not see anything on the horizon. There is nothing on the horizon that gives you consternation and says the fundamentals of the nomy the fed has been its a much money. Qwest we produced a surplus. You noticed the fiscal reform has been so uncertain. As a result, they cut expenses. The canadian mindset is you have to have a bounce budget. Qwest we have john kerry speaking now. A tremendous job. None of us want the importance of what we came here to talk about with respect to lebanon be lost. In all of the obvious discussions taking place on the question of the ukraine. The company that came to paris today for this important and timely meeting have all bound us together by a strong commitment to lebanon. A serious conflict bills over lebanons borders the crisis grows we are deeply for the security and sovereignty for their ability to be able to chart their own futures and fulfill the same basic apps with everyone else on the planet. I would showed a very dramatic charring effect goes through the last four years four differed charts to show you the extraordinary change in lebanon is a splotch of red instead of red dots. The entire borders read today because of the refugees in lebanon. Impactan extraordinary on the dynamics of budget. People are looking for work, people who work for less, it drives wages down and changes it for that nation. The United States is proud to provide in lebanon just in the the development process. 340 million for the last few years in humanitarian aid. We will continue our lebanese and other security astute. You cannot talk about the values of sovereignty, security, determination, and Economic Opportunity without coming quickly back to the events of the last days in the ukraine. Ukrainian sold me yesterday how desperately they wanted government that has the consent of the people. Themn economy that gives the chance to live like everybody else. Been ine mystery had australia and come back and say, we just want to live like you live. Ourt separately with ukrainian counterpart. Nd our russian counterpart we met as a group also appeared a group of concerned countries. Agreed to discussions in the coming days with russia and the ukrainians in order to see a how we can help normalize and stabilize the overcome the crisis. Intentions are in tashard shared exactly as i have russia,d them between the nice its european countries, and ukrainians who were here. Is parties agreed today it important to resolve these through dialogue. United states is focusing intensely on a remedy or do not believe, as you rest of us believe, president obama does not believe it, i do not believe the other countries were working with the no they do not believe any of us are served by greater or further competition. We met today to discuss these issues because we cannot and allow the integrity and sovereignty of the country of the ukraine to be violated and for those violations to go unanswered. Russias violation of ukraines as in a world in support of the ukrainian people. This morning, secretary hagel announced the Defense Department is taking concrete steps to stepsre our nato allies like expanding our aviation contributions our. This is on top of other steps the United States is artie taking wake suspending bilateral discussions you have been listening to secretary of state reiterating the u. S. Support of the ukraine. We are here on set with our guest and we were just talking earlier about the ukraine. We spoke earlier with our reporter on the ground. Sensed there was a earlier that maybe things have reached a lull. That is not the case now. We have a secretary of state saying were here to defend the ukraine. What does that mean you a meaning . Mean . A case not believe it is or might economic sanchez. His a board to keep in mind russia has a lot of parts cards they hold as well. Cards or the natural gas the west is dependent on. You he is a jacksonian guy. A tough guy. He will stop at less than we will. And he is willing to put a lot more on the line qwest as he does not do the same laws hes not necessarily a rational player you have rational player . He is extremely rational. You know exact the what he will do. When you do one thing, and he will react if you tell a what it is going to be. Unless i do not think he is looking for a announcement to respect nonetheless. He does not care. You can watch the rest of john kerrys, you on our website. We will be right back. Collects i shall call you fernando. Crisis is potpourri. Is all part of American Express campaign to launch a branch a brand for average americans. Based on how much you use the card rather than how much you spend. That is why tina fey wanted to , when the rewards kick in. Were joined now by the man behind it. Thank you for being here. We were talking about this as being a mom card. Why do you need to target women . We looked at different segments of the american the women and we have an incredible customer franchise, belinda looked at the group we call multitaskers, and there is no better example than moms, we realized they were not applying for American Express cards. Many women and mothers our our customers. Qwest why do you think they were not applying echo dest applying . Reward maybe some number of times i use the card, not just here thech i spend moms named the card. This is my everyday American Express card, which is where we got the name from pier from. No better source than customers. The first product in that womens are moms, but you must be the first credit card to be specifically marketed toward one gender, one group. For the card apply but moms in particular are an important segment. Qwest they are the cfos of the family. Qwest exactly. Control over 70 of household expenditures and are using the card everyday. Pain for vacations, going shopping for the family. They are the cfos and we want to make sure they saw American Express cares about them and wants to find ways to help them. The point of that is the ad campaign is well. Tina fey is very likable that she is a mom. She was involved in the creative process. Let me ask you about all of this concern about security. Target, it feels like these hacking attacks for people with credit card information keith appling. Bluee are worried about using their cards. What is americas best doing differently that gives some people more reassurance . The cards will be the card will be washed with a chip on it. It has higher levels of security. That is important. The chip idea. Right now, it is the signature, which is different. It provides highlevel security. Qwest not the kind of security people outside of the u. S. Are used to. It is different than what is used out in the u. S. Ash outside the u. S. The card is launched with a chip and all cards in the u. S. Will eventually be. We will start this on with it. When i first heard these ads, i thought it sounds great because there is not a fee. With the fee, i feel he said is how i am pay for my services. They can get me tickets and buy me a gift. Fewerhis card offer services or is not as targeted . Each card is curtailed for the needs it is focused on. The cards are the best if you are a frequent traveler. These are focused on the needs of multitaskers, mom. Moms designed it. I like a monk and all the credit. I have got three. You have got field to multitask. This card is designed for you. It is backed by worldclass service. The highest Customer Satisfaction in the industry. The award six times. It comes with our service, measured membership rewards. You get Double Points at supermarkets and a 20 bonus if you use the card 20 or more times in any given time. And as targeted to the multitasker. It is free. Versionm a premium with more benefits. Qwest thank you for joining us. President of America