The dax in germany up by 1 is. 5 and the if it cac in london up. 7 . Right now, stocks are up about 6 in moscow. Yesterday, the stocks in moscow were down close to 11 . Joe, right now, over to you. That 60 billion number is familiar. Its more than the olympics, right . Yeah. This must have gotten vladimirs attention, yeah. Lets check some of the other markets this morning. Oil and a lot of the commodities were up yesterday. Theyre easing a little bit today, as you can see. That will bring some relief. Check out the ten year. The tenyear has been, obviously, trading on things other than the situation in ukraine. But 2. 65, still well under control. The dollar has been interesting. The euro has stayed strong. Theyre calling this the biggest crisis in europe in the 21st century. The 21st century is like 14 years, right . It would not be the biggest crisis in the last two centuries, by my reckoning. I would agree with that. Some other stuff happened. And then gold was already rallying. Its interesting the way gold has moved up so much. And then the ukraine situation just accelerated. Every once in a while. Spring is supposedly its like two weeks away . Yeah. Through a white in the winter to stay warm and i didnt it didnt make any sense. It absorbs the color. Who said that . It might have been in the wall street journal. I could be wrong. It wouldnt be the first time. It would not. But i didnt know when did you start reading the journal . And number two, i would normally did you write a column today . I did. You wrote it in advance . I did. I did. Thats you. Youve got your homework done early. You did it last week . No, no, no. I did it over the weekend. Oh, you did . Yeah. Wow, what a pain. I hope its worth it. I hope its a good article. Check it out. All right. Weve got Corporate News to get to. Dish network and disney are striking a longterm carriage deal. The nations second largest satellite tv provider is going to be delivering content from disney owned Networks Like abc and espn outside of traditional tv subscription. Dish will offer disney content on smartphones, tablets and computers. The deal is setting the stage for a very new wave of broadband delivered to video services. Take a look at shares of disney on this news. After hours, up margin. You can take a look at shares of dish and you can see it up, as well. If you have comcast, you can see these things. Some of the things you can get on your tablet. Some you cant, not yet. The question is whether apple or others who try to get into this space once you start allowing people to do it, how that really affects it. That is the bigger question. Youve watched tv on your tablet . I have. Have you . No. I like tvs. Its more for traveling. If you want to get access to something. But this story is you need wifi, right . You do need wifi. Whenever i try to get wifi, it has a little padlock thing. I dont know. Can you get through those things . No, i struggle with those things. But you can do it if you have service you just need to remember the password. This next story, by the way, talk about watching tv on your ipad, broadcasters just won a legal fight against area. The Justice Department saying the Startup Service streams local tv signals over the internet, it is now clearly infringing on the copyrights of broadcasters whose content is being streamed without permission. Its available in 13 markets. Customers pay 8 to 12 per month. What you can do in all that is get local tv stations and r abc, nbc, cbs over the air. The government is saying this is a problem. Aeeo backers include ari diller and but this is a big deal. Aereo has won in all of the court cases up to that point. Is this Justice Department the final say on this . I believe this will be appealed and the game is not over. The wins that aereo has well, there were smaller courts along the way. But the Justice Department i think has a little bit well, the question is its free over the air stuff. Theyve created this they say they have an antenna for everybody. A little bitty antenna as big as your fingernail for every single person. Its clearly infringing on what the spirit of the sure. It makes the content worth less. Youre a content provider now. I am. What did you think about that . It would be nice to get paid for it. It would be. Lets get to Steve Sedgwick in kiev right now. Steve, bring us up to speed. The markets have a clear reaction that tensions are starting to wind down. Well, that might be one interpretation, but quite frankly, the tensions are still here. There are still up to as many as 16,000 Russian Military personnel in their country, in sovereign territory of the ukraine. I spoke to the Prime Minister yesterday. He said no more from russia on the ukrainian soil. Then there can be a rebasing of the relationship. I spoke to the ukrainian minister and he said basically the coffers are empty here. He expected a form of deal within the next four days for emergency financing. That may tide them over for the very shortterm. Elsewhere, mr. Kerry is due in town today to show his support for this government in kiev. But what is also fascinating is that Vladimir Putin, the russian president , is speaking about the ill legitimacy of the government in kiev. He is saying there is only one true russian president. He said he couldnt understand the motive of those governments, including the u. S. Who are supporting what he calls s coupe te. He is saying that they went into the crimea as the government in russia said previously to protect russian interests against fears for their lives ive been speaking to a whole host of people and they deny that any stage of human rights or the interest of russian speakers both in the crimea or in the east of the country, where theyre threatened, as well. What the Business Community has been saying, and i spoke to the ceo of the Biggest Investment Bank here in the ukraine, thomas baylor, from draggan capital which has a Goldman Sachs investment in it, as well. He said hes been here for 17 years, he speaks fluent russian and he has never seen any threat to russian speakers in any part of the country. Putin speaking to the imf in town, kerr ri is in town. As you say, becky, it is important at least to have the Russian Forces who are playing war games in the west of their country to the east of this country have gone back to barracks, and that is something to be thankful for and i guess that is why the markets are seeing a little more risk on today. Back to you guys. Steve, thank you. You point out that this is a complicated situation and with the comments coming from putin, as you mentioned in the speech that hes given right now, calling this an unconstitutional coup and then the leadership in ukraine. It sounds like this situation is going to be here for some time. In the meantime, washington keeping busy with the war of words between the white house and russia. President obamas budget is being released today. For more on all of these stories, lets get to our chief washington corespondent john harwood. John, the comments coming from putin, how does the white house end up interpreting these things . The ideas hes saying this is a coup de tea. Hes expected to pull the sanctions on those involved. Ive been reading these comments as theyve been coming across the wires. He said there was no need for Russian Military intervention in the rest of ukraine. They have called an end to the one military exercise. So there is at least the possibility that russia has decided to make its point and pull back. But for now, the russians are moving ahead in trial to rally around the world. Yeah. You can see that hes called them back to barracks, but as steve was just pointing out, if this is a situation where they want no more russian boots on the ground, if theyre asking to have moscow completely leave that base, that might be a different story itself. What steve pointed out is the situation is dire from a financial perspective, too. They need money and they need it now. Is that a like hi scenario that something could be put together quickly with the imf . Yes. Youve got an imf team that is going to be on the ground for ten days in kiev and seblth kcr kerry arrived today for the purpose of discouraging the Ukrainian Government to do anything from exacerbating the tensions and trying to get an aide package through. The administration has talked about a 1 million of Loan Guarantees and now members of congress, the president yesterday afternoon in his photoop with israeli Prime Minister netanyahu says he wants congress as soon as they come back after the delay in business because of the weather problems here in washington to work on a set of aide programs and theyre doing exactly that. So there is aid getting mobilized. Both sides are moving or were moving from both directions. Pro ukraine and sanctions on russia. And the question is going to be what does Vladimir Putin decide is in his interest and does he decide to pull back and avoid further costs. Are you using exacerbate correctly there, john . I dont know wlu saw Cate Blanchett the other night when she said thank you mr. Day lewis. This award coming from you exacerbates this honor. And it blows it right out of you know these actors i heard Cate Blanchett say that. Shes so elegant and smart. What the hell did she mean . I think she mangled it. Hey, joe, did you see travolta . She mangled it as bad as travolta. All these letters together and some of them, the spaces between some of them. These actors, man, if they dont have a script, andrew. Im sorry. Hey, joe . Yeah . Do you know slate magazine came out with their travolta fire for names . You plug your name in based on what he did to adena menzel and it will give you your travolta name. It exacerbated the whole situation. I have a kinship with John Travolta given the way i pronounce peoples names. Vladimirs name is in the and i butcher that. He shags a lot. Hey, andrew . Yes . Vladimir putins va volume ta name is victoria prazeese. Do you want you want to talk about the budget . Yes. Go ahead. Were going to have a duelling set of documents from the administration and from republicans over the next few days because the House Republicans are come out with baujt. Weve had a peace treaty between patti lions. But both sides are going to lay out blueprints for what they want to come on publish, their campaign manifestos, democrats wanting higher levels of investment, investors programs as well as tax increase, republicans wanting lower taxes and less of that spending. They will fight it out in the midterm elections and then we may return to budget talks and some sort of accommodation in 2015. John, how real is the return of the conversation about tax and interest . I say it in part because its in some of these bills, but also because the front page of the wall street journal, see this right here, blowout call for big tycoons that talked about the payout for people like leon black, 560 million with his income, 465 for Steven Schwartzman and others. I do know its been put back in some of the bills, but this has been a policy debate weve been talking about for about five years now. Theres a lot of momentum behind this issue. I would not expect it to pass this year. One of the things that adds to its momentum in terms of the longterm, which we really get to a tax reform discussion which is not going to be this year, is that dave camp, the republican chairman of the ways and means committee, included this interest in his tax reform bill. The administration will have it in its budget in part to pay for an expansion of the earned next tax credit, part of the president s inequality agenda, something to reward low wage workers for expanded work effort and expand that program to some young childless men. But i dont think they can get over the finish line. I dont think any tax increases are going to get over the finish line this year. But that is the tax break that many on wall street themselves think is unjustified. The question is when is there a Critical Mass for some sort of overhaul in the tax code rather than trying to do it in lypo shots. Because its youre always going to find on resistance to specific elements unless you have the context of a broader deal. Thats why the administration has pulled back from its budget this idea of overhauling the cost of living adjustments for Social Security and other programs. Theyre saying, yes, we support doing that if we get other things and republicans are likely to say the same thing. Yes, well get rid of carried interest if we do other things, get some rates down in other areas. One thing i had to do seen before was another loophole that i believe the president has been talking about. He was calling it the gingrich loophole who is calling it i am not aware of this. This is the first ive heard about this. But this would be something to make sure high income professionals are paying payroll taxes that other workers pay, talking about removing the limit on Social Security taxes. I think it has to do with the way some individuals organize themselves as businesses and have employees and dont and avoid some of the traditional payroll taxes. Its analogous in some ways to what householders have done in the past with Domestic Health and, you know, theres been a big push over a long period of time to get everybody to pay payroll taxes for people who work for them. And i think there are high income people who in their business arrangements have put things together in a way ta they have not had to pay those. John, thank you very much. We appreciate it. Yeah. I dont know. Its beyond my apprehension. What . You know, my apprehension that she i understand what you mean. I know. But in the history of the oscars, that was unparalyzed that someone you know what im saying . I do know what youre saying. Google. Yeah. We should point out, later on squawk box, House Budget CommitteeRanking MemberChris Van Holen will be our special guest at 7 40 eastern time. Coming up, new epa rules creating a bit of controversy at the pump. Plus, do you know how much our National Parks contribute to the economy . Theyre not just towering forests. They are making a lot of money. Really . So our business can be on at ts network for 175 a month . Yup. All 5 of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line, anytime, for 15 a month. Low dues, great terms. Lets close new at t mobile share value plans our best value plans ever for business. To manage your money. R guy around 2 percent thats not much, you think except its 2 percent every year. Go to e trade and find out how much our advice and guidance costs. Spoiler alert. Its low. Its guidance on your terms not ours. E trade. Less for us, more for you. Time now for the executive edge. The epa unveiling new rules to try and cut smog and toxic emissions to try and combat asthma and heart attacks. The government wants to cut sulfur level necessary gasoline by 60 . It will be phased in between 2017 and 2025. Refiners are calling the compliance schedule unrealistic and warning this could raise gas prices eventually by significant amounts. Autoworkers are generally welcoming the National Standard for gasoline. But i think they were saying Something Like 9 cents a gallon it could eventually cost. The epa was pushing back and said they didnt think it would be that much of an increase. They said a penny a gallon. The epa apparently estimates the final numbers would provide 13 billion in Health Benefits for every dollar spent to meet this standard. Those are very hard numbers to estimate. How do you measure Health Benefits . Because, look, if youre its just hard to put a number on it. Its hard. I dont have a problem with sulfur. Were not conflating, were not flinging crap here. This is sulfur is a pretty disgusting compound, particularly when it gets into the air. Gives people asthma. You can see smog. When you see whats in china, thats not the 0. 04 . Thats all this disgusting air pollution. This is just a story about making sure youre not for the pup health, you make sure youre not hurting economic or job growth or and then, therefore, the question is is it too quickly or not . I think we all think they should be phasing it at some point because its better for not a big difference between 2017 and 2025. My guess is it would take some pitt big Capital Expenditures and building that might take a little bit of time. With the industry is the industry posted across the globe or is it just imposed with t edo the schedule . At some point, i imagine they probably would be opposed to it, anyway. I dont know whether i dont think they a lot of times its the Capital Expenditure cycles, like when you talk about the retailers and wanting to get these new swipers for the new cards that have the chip in them, they say, look, about every three to five years, thend up replacing all those things, anyway. The question is do you do it by next year because of the security issues. My guess is its a similar situation here. Do they make upgrades before they would normally be upgrading . We have make jackson on here, coming up. It may be Single Digits outside for much of the nation, but spring and summer will arrive eventually and that means vacations. Our National Parks are major destinations. Recreational visits to the National Park system resulted in 14. 7 billion in spending in 2012 and gateway communities. Those are with