4. 2 billion pounds to show premiere League Football but bt hits the back of the net with its own deal. Nicely done. Heineken shares higher but they may lose fiz this year amid demand in markets. We are still battling with our programs. They will be addressed in the long hall. Battling against weak demographics in europe. Countries are recovering. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Lets have a quick look at where the greek bond yields are trading. The two year not the three year, has kbon above 20 . Thats at 20. 2 with the three year at 18. 2 . Banking stocks are sharply lower and the athens index is down the best part of 4 . This comes as the greek finance minister says the greek debt cannot be paid off in the near future. In an interview with german magazine stern he added if a debt can no longer be paid it leads to a hair cut. This ahead of talks with his counter parts and ecb president today. It comes after the greek Prime Minister won a confidence vote to scrap the countrys Bailout Program last night. Lets get out to julia on the ground in brussels ahead of the key finance minister meeting. Julia. Thank you wilfred. Riding a wave of popularity at home after getting that confidence vote. Its the finance ministers that are going to try to get through the proposals we talked about. You mentioned one element of this. Far more important is what they can get away with in terms of the surplus. What theyre going to do about the humanitarian crisis and how greece is going to continue to finance itself. I talked to someone telling me yesterday pretty low expectations as far as getting result today and when the leaders meet tomorrow. The expectation then focuses on monday and the final deadline for asking for an extension. Behind the scenes here the greeks are saying the same thing. They got low expectations too. But ultimately i think what their belief is that the greeks dont care what this is called as far as the program is concerned. If they want to walk away and say we succeeded they dont mind the devil will be in the detail of whether or not theyre forced to take any form of austerity. They agree with around 70 of the forms in the old program. 30 they want to scrap. So theres elements here of compromise but we heard comments from the germans coming into this. Saying if greece doesnt accept the final 7 billion from the old program then its all over. We heard from the bank yesterday saying why should greece be allowed to issue more tbills as a possible financing measure here . Who is going to buy them . The greek banks were taking down around 30 of that. Their argument is why would investors want to buy fwrees now . Still likely not to be concluded in the next 24 hours. The meeting taking place in brussels not the only one today because theres also a meeting between the greek and Russian Foreign ministers taking place in london. That could add a lot more spice to the conversations. Well we know this is one element here. What we heard from the defense minister is theres a possible plan b that china or russia could provide financing. We have to draw a line under that. The russian angle here there would have to be a mutually exclusive element. If the russians werent involved imf would pull out soon. You have to assume if were going to a russian solution were talking about that at some sort down the line. That isnt an option but it does tie into the sanctions idea and we know when this government took over they suggested that they werent in favor of either the sanctions currently underway but also any future ones but i dont think they would endanger their situation or the feeling right now in berlin or brussels by using their veto as far as sanctions are concerned however much they voice their disapproval but it will be interesting to hear what the two Foreign Ministers say as far as greece is concerned and the relationship there. Back to you. Thank you. Lets discuss more on greece its fate as well as the fate of the euro zone with mark oswald. It was interesting to see last night, mark he was taking to switer to express his views. Saying were at a historic turning point and we strive to support a united europe with democracy and solidarity but they wouldnt be threatening to leave. Its because we have such a short time line. It is very binary choice theyve got. The interesting thing is he was paying plenty of compliments to mrs. Merkel as a european leader. Theres a willingness to butter each other up. The key is both sides dont need to draw too many red lines because they are quite far apart apart, but forcing greece out by saying you take what youve got already and we will not negotiate is not going to get anybody anywhere. One has to remember in this situation, this isnt just about finances. This is also geopolitical. That primarily is more the realistic aspect of why theyre negotiating with russia rather than from the financial perspective. Does germanys own strong rhetoric on this issue rest on the belief that they think greece will back down . Or do they think the exit will be containable and are either misplaced . They are both misplaced. Its actually moralizing is misplaced. They take this high handed attitude. Its your fault. You need to get yourselves out of it. Whats going to tell you how you do it . Equally on the other side greece has to understand that you just cant come in and throw all toys out. So there needs to be some bridging here and what we really need is the leaders of one of the other countries to act as mediator. In this case its very difficult for them to mediate the situation but it would be nice to see other people taking more of a role here in trying to bridge the gap between the two and its certainly not going to be resolved today. But germany continues to take a strong stance. Just the morning an ally says the German Parliament is less willing to help greece. So reminiscent of the hard ball germany played when they were talking about the unveiling of quantitative easing. Do you think germany will have to concede . There will have to be one conceded. The key here related to previous episodes is theres a grouping to the right in germany which has quite a lot of support, the afd, the antieuro party and theyre well aware that if they give too much ground to greece a it sets a bad precedent for everybody else struggling to get their budgets and debts under control and secondly its almost certain to be a vote winner or certainly a polling winner for the afd which is something which, you know we dont need any more of this nationalism, particularly not in germany. All right. Mark oswald sticks with us. Well discuss more about the fate of the euro zone as well as a price of oil. But first, heres a market update. So we had a strong day yesterday on hopes we would reach a compromise on the gre rtoc continued to be very divided between the two sides. As we look at the stock 600 at the moment it is flat. It has moved around a little bit either side of flat as we have had about 40 minutes of trade. An hour of trade so far but were just fractionally above flat at the moment. Lets have a look and see where were looking. Ftse 11 bucking the trend. It was down yesterday when Continental Europe was up. Germany also just above flat. France just the other way and athens although were looking at delays price reactions there is down 3. 5 . The banking index in greece once again taking the brunt of the declines. Lets look at bond rates and see what were looking at. In the u. S. Ten year we have been between a 1. 8 yield and 2 yield depending on rate from fridays strong jobs print suggesting expectations could be brought a little closer than a week or two ago. The german yield remains very low. 37 and below its japanese counter part at 1. 65 and greece, yields ticking up today as the compromise seems elusive. The most interesting of the last three weeks or so has been the euro and last week about a week ago, following a Short Covering bounce post that qe announcement we did very briefly touch the 115 handle. Were in between those two levels now. That 113 move over the last week down from the high 114 is really a reflek of the issues were seeing in greece. Just point out the yen as well. Just shy of the 120 handle. The rouble strengthening today. Lets have a quick look at commodities because we had a strong balance in the Oil Price Since the end of january but a little bit of weakness as well. Although we rallied since the end of january we still havent meaningfully found a bottom because prices are moving around 50. 5 on wti and 56. 8 on brent. Lets look at the top stocks on the move and its a game of two halves when it comes to the english football television rights. Investors cheering bt thats up the best part of 3 but tackling sky for paying a record amount of 4. 2 billion pounds to show premiere league matches. Sky is kurnly off 3 . At 9 30 well be talking to an analyst and talking to the premiere league executive. Off 5. 8 . The danish wind turbine maker pays its first dividend. However a modest 2015 outlook has it lower. The dividend came in below forecast. Well be speaking to the ceo in a first on cnbc interview in an hours time. Whats coming up next . In addition to the interview, coming up on Worldwide Exchange can innovation deliver for investors . We speak to the author about how to claim a unicorn. A game that tells you how to bring magic and money together. And we speak to the author of a report suggesting that chinese money is flocking to europe. There you go. Cute little sheep there. Plus aol prepares to report earnings. We ask if the media giant can pull in ad revenues without any reports of deals. Thats coming up next. Xn its frustrating being stuck in the house. Good thing xfinitys got 2 hour appointment windows. They even guarantee theyll be on time or i get a 20 credit. Its perfect for me. cause i got things to do. Oh, yeah woooo with a guaranteed 2 hour appointment window and a 97 ontime rate xfinity is perfect for people with a busy life. I want to get you flashes coming out of reuters. Reuters is reporting the russian diplomatic source said on wednesday it was 70 likely that leaders of russia ukraine, france and germany would reach an agreement on the ukraine crisis at talks later in the day. Of course today various leaders are meeting to discuss a potential ukraine peace deal and according to this source at reuters 70 likely chance that the leaders of russia ukraine, france, and germany would reach an agreement. This is as intense fighting continues in Eastern Ukraine ahead of key peace talks in the capital. They denied Russian Press reports that a cease fire agreement has already been reached. Any deal seems unlikely with european officials expressing skepticism that rebels could be convinced to pull back to earlier positions after recent gains. U. S. President Barrack Obama spoke to his russian counter part in a phone call on tuesday ahead of the peace summit. He warned the costs for russia would rise if it continues to quote, aggressive actions. The pair had agreed upon the need for swift political solution to the internal conflict. Steve spoke to the russian finance minister at the g20 meeting in istanbul. He began by asking him if a resolution was needed in ukraine in order for moscow to carry out reforms. Listen in. Absolutely. It says why wait until tomorrow if you can do it today . So now that the oil prices have fallen and according to our forecast the price will remain low for a lengthy period of time we need to use the opportunity to restructure the economy. Weve had the dutch disease or syndrome and now that the rouble has weakened we need to swift from commodity industry and driven economy to Manufacturing Industries so we need in addition to import substitution which is a pressing task we need to restructure or economy. Shifting from commodities and oil toward a different arrangement. Can you also negate the effect of the rouble decline and double increase bianca passing the dollar by bypassing the dollar. Do you hope in more and more relationships that you can bypass the dollar and currency issues and deal directly in the currencies of the ruble and the country that youre dealing with. Translator well, indeed and this continues the discussion within g20. We talk a lot about settlement and National Currencies and now that our Financial Institutions and corporate agencies have limited access to foreign country sys this countries it seems like a feasible option. Some of our neighbors countries, former soviet and current cis Member States and now we have to work in such bilateral arrangements and i believe they will be more and more relevant in the future but the rouble has been strengthening lately you know. That was the russian finance minister. Poroshenko will be briefing the eu summit on thursday. Well be watching to see what he says. Lets talk more about the situation in russia and how its impacting Investor Sentiment. It was interesting despite the downturn in russias economy, declining oil prices the russian equity index up about 26 so far this year. Whats the catalyst behind the out performance in russian stocks. If you were to look around the world and you looked at bond markets and equity markets and you were to pick something that was totally distressed levels. At the very top of your list would be russia. Just evaluation. Its purely evaluation thing. If we are to reach any form of lasting peace and some of the sanctions come off then youd have to say that the russian equity market above all and, indeed russian credit assets are completely mispriced. Isnt that a risky bet though . We were talking to an expert in russia and he was going to say the situation is going to be worse before its better. They look cheap when the economy could continue to hurt more. Does that make sense . Absolutely. It is a longterm play. If you are going to be buying into russia its not a shortterm play but if you look at it relative to others people are worried about valuations in the u. S. In most of the major markets. Theyre looking at beyond yield bond yields that give them no income. Its on that relative value basis even though its actually very risky. The question is as we go forward, is to what extent can russia reposition itself away from relying on europe to more trade with china above all and certainly from the chinese side there seems to be a lot of interest and theres certainly likely to be more and more trade which is done between russia and a lot of other countries including india where the dollar is sir couplecircumvented. So the need is starting to diminish. Is putin resting his current strategy on the fact that he doesnt expect western military presence in ukraine and is that unfounded that he believes that . I dont think it is. On the western side of the equation the one thing always recognize is russia is a Nuclear Power and should they push russia too far and this is why mrs. Merkel is not keen on the idea of sending arms to ukraine apart from the fact that ukraine is fairly lawless in any case. Ukraine has always been fairly lawless. Why would you want to put more fuel on the fire even if in terms of the current confrontation it might seem to be a way of assisting the current government. In the long run it is more and more risk. Russians economy is in crisis. Why isnt there more ground on this dispute. But does putin knonow ukraines economy is in deeper crisis than russia because therefore it and its allies are more under pressure to cede ground. Not only is the economy in collapse, its not on the point of collapse its in collapse. Its pretty much as close to bankruptcy as one could think the sort of money thats involved in terms of what might need to be lent is going to be a very very tall order for above all the eu and imf to come up with when there isnt actually any peace. Thank you very much for joining us today. Much appreciated. Mark oswald. Strategist at adm investor services. Now am continues to scale new heights on tuesday. It became the First Company to close with a market cap above 700 billion. The Worlds Largest publicly traded company is boosted by record sales of its iphones and record profit of the latest quarter. Tim cook says apple plans to buy 850 million of power from a New California solar plant to cut its energy bill. It will supply electricity to its offices and 52 stores in the state. First solar up significantly in todays trade off the news up 13 . We do want to hear from you. Do you think apple can hit the 1 trillion mark after closing above 750 billion in market cap. A milestone for the company. Join in here on Worldwide Exchange. Email us at worldwide cnbc. Com. Tweet us at cnbcwex. Apple hitting a all time high coinciding with tim cook coming out at the golden sacks comments. I think everyone will be surprised about what they will do. The look of this is fantastic. He also gave an example. Tim cook says if i sit for too long it will tap me on the wrist to remind me to get up and move if you havent moved before an hour. Ten minutes before an hour it will tap you. Im not sure i like that. I like being lazy. The last set of result which is are making tim cooks tenure look successful resting on the iphone and will wearables will able to pick up the slack moving forward or does it not really matter. Apple is stealing samsung in the marketplace. Because samsung has not been able to really see that much success. It hasnt really caught on so can apple change that and make wearables a big market category for other companies as well. Agree. Well continue to debate on apple throughout the show. Where is its market cap headed . Email us at worldwide cnbc. Com. Still to come here on the show today, the premiere League Scores big with a record auction for its tv rights. Well discuss after the break. Living with chronic migraine feels like each day is a game of chance. I wanted to put the odds in my favor. 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