Angle up merkel and other european leaders but they are not promising unless greece comes up with reforms. It the time for greece to step up is now. The greek trimester declared he is willing to submit a list and is willing to do this quickly. The situation is one where trust is needed. Urgency it is needed to concentrate the focus. This was a constructive dialogue. Betty greece has bills to pay and its coffers are nearly empty. Even finance ministers could meet as early as march 27. They finally agreed to merge. This paves the way for the biggest cement maker. They revealed terms today after latenight talks. The company would have sales of 37 billion. Still to be settled, who is going to be in charge . A major Global Player could send oil prices into a bigger skin. Opec must keep pumping in order to maintain market share. A year makes a big difference for tiffanys. They posted fourthquarter net income of 2 million. The Company Reported a loss a year ago. Shares are up 19 so far this year. A remote part of the world gets a sky show. It was a Solar Eclipse. The sun was obscured by the moon this morning. From land, it could only be seen from islands near norway. It will be 19 years before it happens again. We are all just a little bit older. Have you tossed your racket in the trash . Two teams defy the odds. Baylor were shocked by georgia state. They wiped out a 12 point deficit in the last three minutes. The coachs drained a threepointer. Alabama birmingham knocked out iowa state. I got knocked out there. Both teams lost. The highs and the lows in march madness. Those are your top headlines. American airlines joins the s p after the close of trade today. We will double the stock. Parker is spearheading a campaign. We love to compete. It just needs to be on a level playing field. Thats not good for u. S. Jobs. We think we should have consultations about it. Betty matt miller is here with me. You set down and talked about the competition. How is this flight, how is it playing out . Matt the u. S. Airlines join together with some unions, they are accusing the three airlines of receiving 42 billion in subsidies over the past year. The Arabian Airlines deny that. I spoke with tim clark who runs emirate. Not only do they make money and not get subsidies, they will issue a formal response. Its important that the government understands that we are here as fair players and we are doing the right things by consumers. Weird funny that all time. Matt james hogan went further to say the u. S. Airlines have received massive subsidies after 9 11. They get bankruptcy protection and they get a closed market with free infrastructure and free landing spots. I would expect that to be part of their response. Betty Airline Stocks are on a roll. Matt its not all cheap oil. The American Airlines stock has doubled and come out of bankruptcy. This was back in 2013. They are working very well with their labor unions together. Cheap oil does not hurt. It does not hurt all. Betty thank you so much. Meanwhile, elon musk held court yesterday. He announced the Software Upgrade that would guarantee you wont run out of battery power. This is part of the call yesterday. Its basically impossible to run a unless to do so intentionally. Betty he said by this summer autonomous driving will be here. We will be able to drive your tesla or sit back and let your tesla drive itself. Look at this chart from yesterday. You can see that almost straight down. That is what he first made those announcements. It shows that investors were basically not impressed. Why is that . Jamie covers that forest. He is joining us from detroit. He added a couple of bonuses here. Jamie there had been so much excitement. That morning before the announcement, people were getting worked up about what it might be. That was it . It was something. It was significant if you look from the beginning of the week when he tweeted it out on sunday. The stock was going up and up and it came back about half. That is improvement. There is more value there. There was also some reinforcement for some of the other bits that were thrown out about the next upgrade and the frequency going forward. Betty is it remarkable how he tweets something out and a billion dollars gets added into the bank. I would love to have that kind of power. Lets talk about the autonomous driving. We went out to tesla headquarters and we have some video where he shows us how this autonomous driving works. There he is with the hands off the wheel. This is what youre going to be able to get i the seven if you own a model s. Jamie its a significant step. Its more than what mercedes and hyundai and honda have now. Why should you have your hand on the wheel . The others, they have insisted that you are still driving and its just there to assist. It is capable of driving in these highways circumstances. They want to take your hand off the wheel, thats what gm has said they will do with cadillac. Tesla is going to beat them to it. Thats a reversal for them. They did not have cruise control. They had Adaptive Cruise control. Now they come rushing in saying take your hands off the wheel when youre on the highway. Some of this valet service, that is pretty cool. Betty your car comes to you. It is cool. We will see how it all works out. Thank you so much in detroit. Another company that is in focus is nike. Shares surged after they posted thirdquarter profits. The sneaker demand in north america is strong. I want to bring in our expert in apparel. People were expecting to see good results coming in. We had macys and kohls and foot locker talking about strong trends. I think the wildcard was what happens outside the United States. Nike has 50 from foreign markets. It can be very damaging to their results. If you look at their sales growth in europe, it was 10 . If you take out the euro . Its 21 . Betty the dollar is a factor for nike. Investors were able to look beyond that and look in the underlying trends, which were popular. Betty what are nike futures telling you . Thats the system they used to protect predict the next six months of sales. They beat across the board. In north america and china and japan and Central Europe everything was better than expected. Betty thank you so much for joining us. Much more ahead investors have solved the latest rental to global investing. The answer is raising the odds to 2600 this year. Betty president obama is encouraging young people in iran to pressure their leaders about the deal. Freezing the Nuclear Program could lead to a better relationship. This could open the door to a writer future for you, the iranian people. You have so much to give the world. This is what is at stake today. This moment may not come again soon. Betty talks of hit a snag over sanctions. Iran wants them repealed right away, but the United States thinks they should be phased out. Terrorist groups have been taking responsibility for the attack in tunisia. It was at a museum. Most of the People Killed were tourists. Two gunmen were killed. The gunmen were trained in libya. A banks pain 714 million to settle fraud claims. The bank cheated customers in foreign currency trades. They kept the best rates for itself is that of the clients. Some companies are getting into online tv. Hbo showtime, and sony went comcast to treat their web content as a service. It might violate Net Neutrality rules. Those are your top stories. Coming up up, we will speak to a portfolio manager. Oil plunged to a bear market. Liam casey has been named mr. China. He will be joining us in a moment. We are a little over an hour until the start of trade. I want to you to our breaking news desk. Scarlet fu is taking look at some of the movers. Scarlet we are going to head to the mall. A Property Group has made its best and final offer. It is 95 50 a share. They have set a deadline of april 1. The offer will be withdrawn if they dont get a response. Presumably, any negotiation would qualify. They would continue discussing. We have a final offer for 9550. Lets move on to some retailers. Tiffany reports results. A stronger dollar means profit this quarter will drop 30 . We are going to see a drop in tiffany shares with that begins trading in the regular session. Right now it is down by 3. 6 . Speaking of a stronger dollar, nike had stronger sales. It was 7 last quarter versus a 13 gain on a Constant Currency races. Overall, demand in north america helped boost sales and profits. Future orders is a good gauge of how revenue will look in coming quarters. It was up 15 in north america. It was up 23 in asia if you strip out currency factors. This is common with a lot of these companies. They drop the currency of fact to give you a currency constant basis to let you know how they are doing. Finally, i want to mention honeywell. They have been upgraded. Look for that stock to open by 2 . They have strong cash flow growth. They have improving returns. Honeywell is getting a boost. Take a look at the recommendations on the company right now. There is a price target of just under 113. Betty thank you so much. These are some of the movers going on right now. The s p roared back on wednesday. The market gave back some of those gains yesterday. The odds are good that the s p could go to 2600 this year. Edward joins me on the phone. Make the case. Why might we hit 2600 . Edward to be more exact about what i am doing, i usually try to focus on it three possible scenarios for the outlook. Right now, i am looking at rational exuberance as one of scenario. Another is irrational exuberance and the third one is the endgame. Rational exuberance is still my most likely scenario at 60 . The problem is we are there. I am looking for 2150. That is where we are right now. I am thinking that in a rational world, the market is pricey. We need to let the market go sideways for a while and let earnings catch up. 30 is irrational exuberance. That is the 2600. Betty im trying to find out what would be in the feds statement that made you do that . Edward its not just the fed. I think they cap what we are seeing. The major Central Banks continue to flood the Global Financial system with lots of liquidity. The japanese stock market has been on fire the eurozone has been going straight up, the Chinese Market has been going straight up. Our market has been lagging this year. With the fed having second thoughts about raising Interest Rates in june it i think there is a potential for our market to do that as well. Betty thank you so much for joining us. He is the president of a research program. There is a 30 chance we could hit 2600. The oil prices putting a squeeze on investors. We will be back. Betty you are watching in the loop. Exxon raises a bundle of money. Crude trading is the lowest in six years, heading for a fifth weekly decline under 44 dollars 44 a barrel. What do they want to buy with all of that nearly free money . He is a performing oh portfolio manager. He manages 17. 5 billion in funds. Exxon with all of this money youve got to think they are into buying something big. Rob the bond deal is the milliondollar dollar question. Everybody expecting that exxon will use the proceeds to advance its position as one of the major shale plays in the midwest. These are the shale in north dakota. In order for them to expand they will have to buy an existing company that is publicly traded. Betty does it mean they will get a big discount . Rob there is an opportunity for them to wire one of them. They are going to have to find a quality producer. When you look at what they are going to have to pay, that is where there is a relevant. If you are a buyer in the oil price, you want to pay current prices. If you are a seller, the expectation is that they are going higher and you want to sell until oil gets into the 60s. Betty lets show some of the shale that might be unfelt. Maybe some of those might be for sale . Rob i turn it to speculate which happening might be for sale in particular. What exxon will focus on is a large acreage locked in one of these poor places. All of them have large acreage blocks in one of these poor plates. Betty is there a big gap growing on price between buyers and what sellers are willing to sell for . Rob that is really where the disconnect is between the buyers and the sellers. With the Current Oil Prices in the low 40s there is a wide gap in what the buyers are willing to pay. Betty you say location is going to be critical on whether you can make a return. Rob its a survival of the fittest right now. Its all about vocation. You need to not only have a disciplined Management Team and a strong balance sheet, its all about the location of your acreage. Everything is about location. You want to own the corner lot in the best neighborhood. You want to own the best acreage. Those of the companies that are going to be the most successful in turning 65 oil into the new 90 oil. If you can earn the same rate of return at 65 oil that you used to when you had 90 oil, where is your assets located . Betty speaking of location, we talk about whats going on in oklahoma and the Storage Facility there. We are going to be overflowing with oil. Are we going to be overflowing with oil . Rob there is an incentive in the market to buy oil. You can turn around the chipset oil to the u. S. And store it in cushing, oklahoma. You can turn around and sell that oil 12 months in the future at prices that are 12 higher. There isnt opportunity. We see more oil come to the United States internationally and domestically. As a result, you are seen crude Oil Inventories rise substantially. I do think we will reach capacity. Betty i think like im hearing you say there might be a bottom in the 40s. Rob the second half of the year sets up better than the first half. Watch the demand number for oil. U. S. Produces a respondent from a production perspective. They have lowered the rate cap by 40 . The effects of that will impact the second half of the year when you see less oil produced in the United States and then from a demand perspective, watch that number. They recently raised the forecast for demand for crude oil to over one Million Barrels a day. That number is want you should watch. I expect it will be higher than what the experts are forecasting. Betty robert, thank you so much. The greek debt crisis is reaching a now or never stage. They talked with anglo mercker. Kris must come up with clearcut reforms. The Prime Minister is putting a positive spin on the issue. I think we will do their best to overcome the economy as soon as possible. Betty greece as bills to pay and its coffers are nearly empty. The worlds secondlargest jewelry chain had 830 decline in income as currency headwinds declined profits. The Company Reported a loss year ago. American airlines has a higher altitude. The Carrier Joins the s p 500. Its a dramatic turnaround for a five company that filed for bankruptcy for years ago. Teaming up with another carrier made all the difference. We should be in the s p 500. We are the Largest Airline in the world. Those are metrics that get us well into the s p. This was an airline that was in bankruptcy 15 months ago. American was a bankrupt airline. I think this shows the strength of the merger. Betty allergen is out of the s p. Amazon is cleared for takeoff. The government will let them test the delivery drones outside. They had been confined to a warehouse. Flights must be tried in daylight and go no higher than 400 feet. A remote part of the world got a sky show. A total Solar Eclipse. The sun was completed scared by the moon for a few moments us morning. It could be seen only from norway. This is the first eclipse in nearly two years. Youll have to wait 19 years before it happens again in the first day of spring. There will be no drug test laws in a boxing match. Manny pacquiao and Floyd Mayweather will wear off. Manny pacquiao wanted a 5 million penalty. Mayweather said no. It could be the most lucrative fight of all time. Can you wait for that . They looked angry. Those are your top headlines this morning. Were going to hear from the Silicon Valley entrepreneur this taking a gamble. Liam casey joins us next. Betty scarlet fu has some premarket movers. Scarlet 56 million worth of shares changed hands. That does not sound significant until you find out that it is five times more money moving through them than through apple. Apple is usually at the top of the list. This is after test results for the experimental alzheimers rug. This was an early stage trial. It showed progression of the disease. The chief medical officer says the results are positive enough that it is skewed skipping into final stage trials this year. It is up 25 already. These gains will be extended. Lets move to darden restaurants. It owns all of garden all is garden. They are raising their forecast. There is a combined gain of 6 . Capital grille was up 6. 1 . I did not know that they owned capital grille. Betty i did not either. I feel like you learned something new from you every single day. You just never know. It is on my list now a to go over the weekend. Thank you so much. This anyone remember the ecommerce site fab. Com . They raised 300 million. It was valued at 1 million. It imploded years after. We are talking about company that started in 2011. This resulted in a fire sale. Liam casey is the founder and ceo of a company that helps startups manufacture and design their hardware products. Liam, i know you are considered one of the big Silicon Valley operators. People know you and you work behind the scenes on a lot of alex. You worked with apple and beats. What you want with fab . Liam we are super excited. We work with some of the startups. They need a channel to bring products to consumers. We were looking at what was on the market. We saw that fab had a great history. It was based around design. Its at the platform. Thats what excited us. When you look at products we take from consumers, we wanted a big buy button. There would be a channel to bring products to market. Betty i know we have a list of some of the companies that you work with. You helped feed at some of these startups. You have this Innovation Hub in San Francisco. You take a stake in these companies and you help them build. You build their networks to bring their products to market. Some of these companies you are saying you take their product and sell it on the fab website. Liam we look at Companies Like xiaomi and china. When you look at their business model, the differences the chinese guys have zero inventory. In the United States they have three months inventory. This is a huge challenge for a startup. We want to give the startups a level lane space so they can compete with xiaomi and take innovative product to market. Betty you said that is why xiaomi is a 45 billion company. Its a huge Company Versus a hardware startup like go pro. Its still a big company. You could do better. Kliam hardware has become more accessible. That excites us. That is what to be able to bring products from concept to consumers and do it in a short time and ship it all over the world the way a company is constructed today is different than the past. You dont need everything in one location. Betty you dont need to hold that inventory. Liam we are three hours from all of our producers. We dont need and the world. People asked me where we rent hubs. We dont need retail hubs. When elon musk rises colonizes mars, then we will talk about it. Betty the word design comes up all the time in conversation with you. We need to better a design. You look at hp and dell and microsoft, i would not say they are the leaders in design. Why is that . Liam we worked with companies that are passionate about design and their brand. We think about design, we dont just think about designing the product. We think about how it thinks about design and how it structures the business. That is a term that is used frequently in the tech world. We work with some phenomenal design firms. They are into Consumer Products but also into tech products. They run design as a principal. Betty design comes first. Stay with me. We are going to talk more. We will talk of doing business in china. It is the other march madness that is happening. What shoes are the teams wearing . Under armour is making the competition pay attention. Our bloomberg bracket with some of the biggest names in finance our plane for charity. We will keep you updated on the standings or you can head to our website at bloomberg. Com. Or games kick off today at noon. We are back in two minutes. Betty the Carlyle Group raised 2. 5 billion as it boosts is its oil and gas firepower. The new fund will invest outside the United States and increase its cash for energy deals. Both sides of the debate on fracking are waiting on the first safety rules that could be revealed as early as today. The interior department will announce it. Environmentalists want the practice banned outright. China is urging costs and asking investors to consider risk from the stock market. The stock market is up for an eight straight day. Stocks been rallying on speculation that beijing will allow wont allow Economic Growth to fall below targets. Coming up, we will look at how under armour is fighting its way into the ncaa and trying to take on nike. Staying with china, we are back with liam casey. They generate 1 billion in revenue in china. He has done business there for 19 years. Some people call him mr. China. Liam, you and i were talking the other day, a lot of people ask you how you been able to grow this business in china. I thought it was fascinating. You say that there are myths that people have. I am talking about intelligent, Senior Executives that have these myths that are true. I want to bring some of them up there it number one, lets bring up some of these myths. Government connections you must have them to do business. Liam we dont have any. We dont have any connections. Betty youve never used any government officials. Liam i think this is something that people dont understand. The city goes through that amount of growth, you have to have systems that work. When you open a business you apply for a license. There is a process that you follow and it works. Betty it would have to. Joint ventures is of the myth. Liam we dont have any joint ventures. Weve never had a joint venture partner. Betty the third thing that i thought was interesting was the idea that you need to go to china with a huge delegation and you need to entertain and be a part of big banquet dinners. It has to be a process. You say no. Liam well participate in any banquets. Government relationships are important. Trade missions are important. Betty had you crack the market . Liam we focused on what we wanted betty . Did you just go there by yourself . Liam we did. We built one relationship at a time. We focused on how we could work with them and what value we could bring them as what value we could get from them. We focused on that. Betty you mentioned the idea of sourcing in china and selling in the Chinese Market. A lot of Companies Make the mistake of hosing housing that under one umbrella. Liam we went to go to china and take advantage of the opportunities there, i say be focused on what you want to do. You want to produce run it there or are you wanting to sell product there . I say split them into and keep them separate. Have two different teams running them. It can be very confusing what you try to do both. Betty speaking of design, elon musk is trying to sell in the Chinese Market. He has had some stumbles. He had to lay off 30 of his staff. What is the problem . When it you think the teslas are selling it . Liam watching the auto market in china, you have a highend market. Then youve got the lowend. I do think there is anything in the middle. I think the top end is vague. You see a lot of those. Betty thank you so much for stopping by. He is the founder. Much more on in the loop. Stay with us. Coming up, nike just did it last quarter. You know this company for its Kim Kardashian videogame, they are more than just one star. We will talk to the ceo in a moment. Betty welcome back to in the loop. Futures indicate stocks will open higher. We are building on that rally now. Slower than expected rate increases in the u. S. President obama urging irans young people to pressure their leaders on the nuclear deal. A deal freezing irans Nuclear Program leads to better relationships. In nuclear gear now can open a Brighter Future to you. You have some much to give the world. This is what is at stake today. This moment may not come against him. Betty the latest snag in the talks iran wants to restrictions lifted right away. Tiffany says net income could fall by nearly one third. The luxury jeweler expects sales to slump as currency headwinds do not help. The Company Reported a loss when. One year ago. Trials in the expand mental drug slowed the results improved as doses were increased. Theyre pushing the drug into final stage trials. Paving the way to form the worlds biggest cement maker. The deal comes after latenight talks. The combined company will have annual sales of 37 billion still to be settled is who will run this megacompany. Sprint facing a lawsuit in italy. It is being challenged for advice and gave in its acquisition deal seven years ago. Credit suisse facing a lawsuit in italy. Those are your top stories this mining. We are 30 minutes away from the start of trade. I want to count you down to the open with the top 10 headlines. Matt miller and alex joining me this morning. Lets start with number 10 and get back to greece and those headlines. Payments looming for the greek Prime Minister. His government is coming ever closer to a financial day of reckoning. Greece must submit a more concrete reform plan so they can speed up the bailout. They are at it again, meeting in brussels today. Matt i have been talking to hans humes in athens. She was heavily invested in greek debt because he was confident this government would pull it off he is now much less confident. He has been surprised by the lack of professionalism, lack of organization betty what did he expect . Matt coming he expected them to be active in showing the eu even if they wanted the new deal , do the basic blocking and tackling and they are not doing that. Alex this was their time to create this structural reform. Results are going to be what ab some of the fears here. Betty exactly. Number nine amazon got the green light on its delivery throws after u. S. Regulators granted the Company Permission to conduct test flights. The faa says amazon can flights drones during the day within 400 feet of the ground and within sight of an operator who has a traditional pilots license. Alex it doesnt fulfill that promise of getting your package from this unmanned drone. It is a baby step but amazon was threatening saying china come other countries are allowing their companies to test out drones on their home base. Betty alibaba. Alex we will do it somewhere else. Macklin is there a free matt is there a free country anywhere . Why would you not be able to innovate in a business like this because of heavy regulations out of washington . They have to fly this drum within sight of a licensed traditional pilot. Betty isnt this a case where technology and innovation is a bit ahead of the regulation . Alice always the case. Matt should we give the advances to countries like china . Let other countries take the lead here . Betty we have to revise the rules to account for drugs in our airspace. Number eight, streaming television. Hbo, showtime sony jumping into online television. They want to be in separate internet fast lanes that would ensure their content gets special treatment. That was the gray area of this debate over Net Neutrality. Alex this would be Something Like a phone or video on demand. With interesting to me is how much come even though hbo and showtime are saying we are going to give customers a new way to watch tv, they are still reliant on the comcasts of the world because they own the pipe. If they want to get from point a to point b comcast is still in the mix. Matt if i own the road and invested in building it and i feel like selling you one lane of it, shouldnt i be able to do that . Alex you still have consumer concerns. The Customer Relations come extremely high prices. Not being as flexible to give customers what they want when they want it. Betty this is going to go into lawsuit. Thats all into law soon. Matt how much of the bandwidth will be neutral . Theres 130 something channels on a typical broadband line. Some of those will be used for cable, some for phone services. Those are dedicated services. Betty number seven snapchat. The mobile app partnering with cbssports to publish fan videos. He will curate photos uploaded by fans to create a story collage. Didnt they do this with the super bowl . Alex they have done it with the music awards. It is less interesting for me on the basketball site because you are not seeing the games. They have a very different way of selling ads. We are doing it in this unique form, its a story, the same kind of narrative are consumers expect. They are not selling ads now. Turner has considered it. That is going to be the compelling point. Making money off those ads. Matt if somebody in the crowd saw the shot that beat baylor . Alex it will be the shot but may be the crazy guy in the lobster costume. You feel like you are there. Betty the immediacy. We are of a slightly older generation. Im number one in the bloomberg celebrity bracket. Betty yes. Number six, nike shares up big in the premarket after reporting thirdquarter profits that top estimates. Nike has been on a roll after revamping it struggling china division. They are a big sponsor of the ncaa. They own Something Like 90 of the basketball sneaker market. Matt it will be interesting to see if they hold onto it. I dont get under armour shoes, but its becoming a big deal. Betty what do you mean . Matt im from the nike generation. For me, stretching the bounds is wearing out he does instead and hedidas instead. Under armour makes underwear. Maybe they should do sunglasses as well. Alex the kids today do love the nike shoes. You see it in the highfashion. Its an interesting thing. Matt i saw something wearing acid wash jeans in the office today. Betty coming up, Michael Jordan is synonymous with nike sneaker sales. Now come under armour is looking to fill its brand by stocking college athletes. Betty we continue to count down to the opening bell. Its time for our deep dive into number five, under armour. The Sports Apparel manufacturer hit an alltime high finally capitalizing on success in march madness. It is currently sponsoring for teams now, including notre dame in maryland. The remaining teams advance more exposure for the schools and even big exposure for under armour. Great to have you guys. Why would under armour want to now get into the ncaa where nike dominates . Matt its all about basketball shoes. They started out as an apparel maker and launched their first basketball shoe a couple of years ago. Nike dominates the market. 90 market share from the jordan brand. They see this as cutting away at nikes exposure. They have maryland, notre dame. All of that exposure adds up to potentially more sneaker sales. Betty how much does it cost them to sponsor these teams . Matt good question. A lot of these terms are not disclosed. Jack at notre dame said they have the richest deal and they signed with maryland. Notre dame survived and got by yesterday. That deal is worth more than 90 million over 10 years. Talking to people about this, we have heard that this is a market that is exploding like the media world did in College Sports five years ago. There is a lot of big deals coming into play. A lot of schools are coming up. Michigan, wisconsin, texas michigan state, virginia. This will all be due in may 2016. We could see some changes. With under armour stepping up, it puts more pressure on nike. If under armour can get nike to spend more on certain deals, more money they have been best. Betty how do we know this is a good investment . Under armour is sponsoring some of the biggest teams. How do you know its a good investment . Matt its not the biggest market. Running shoes are bigger. Basketball, there is a real culture there. They collect them. They get tons of love on twitter and instagram. It is partially brand building. If under armour wants to be a part of that big Global Sports brand it has to get into the shoe business and thats why they are making this move. They will gain credibility. I played basketball and i remember when reebok first came into the market, i did not know them. It will take a few years but kids are starting to trust them. You se stephen currye they launched that she what the allstar game and now everyone will be wearing his shoes. Betty they are bright yellow. Matt one of the players call them highlighted yellow. I was watching one of the games last night. You could not not notice these bright yellow shoes. You find out there under armour. Thats cool. Its all about getting street cred. Betty matt miller was on and said i dont have they dont have any street cred with me. Im on nike. Thank you so much for joining us. Staying on games how one company is doubling down on the kardashian clan. The ceo of glu mobile joins us in a moment. Betty lets get back to bringing you the most important stories you need to know before the bell. Lets get excited. Number four, europe. The largest stock rally in five years has left the biggest bulls looking like bears. Pushing the stock index before above its peak in june. I feel like this whole rally matt it is exciting. When you say europe, i almost nod off. Betty the whole rally snuck up on us. Alex investors are stability seems to be the key word here. Less bad, a little bit. Matt maybe people are not as worried about getting crushed by the rising dollar. For so long there was this conundrum, wise european debt doing so well . Why are these yields negative and people are still buying it . Everyone was waiting for the ecb to pour in a couple trillion dollars. Now that they have made this announcement, people think we will not see the games test the gains will not see the gains in bonds, lets get into equities. Betty number three u. S. Wage growth. Tighter in this expansion than any other. Americans are only spending as much as their incomes are allowing. 70 of the economy is writing on how fast pay increases. This makes total sense. Alex an interesting number in a bloomberg story, the ratios of income to debt is at the smallest level since 2002. People are just not spending they are not loading up on debt. Maybe because of the fears of the past. They are not tapping into their homes for additional equity. Maybe they cant. Matt so many people were burned during the credit crisis. No one wants to take home equity loans and spend those. A lot of people are not even using credit cards. They spend only what they make. The labor market has gotten so tight, you will have to see wage gains. Betty American Airlines soaring into the s p. They will join the benchmark gauge at the end of trade today. Matt spoke with the ceo, doug parker. Doug we should be in the s p 500. Where the Largest Airline in the world. Those are metrics that get us well into the s p 500. This is an airline in bankruptcy 15 months ago before the merger. It was a bankrupt airline. To be in the s p 500 15 months later shows the strength of the merger. Matt they have done great. Bankruptcy protection is super helpful. Even better than a bailout. You get your debt wiped clean. It is easy to do labor negotiations. Add to that the drop in fuel prices and they happen killing it. American airlines or u. S. Carriers are buying back stock. They are returning money to shareholders for the First Time Since i started 15 years ago. Alex its interesting for a have infrastructure heavy business it is their time to get into the s p and get that notability. Betty lets get a check on where futures have settled on this friday. Features now settling higher. Our top story is next. Betty welcome back to in the loop. Are number one story today is not matts jacket, it is the u. S. Currency weakening heading for its biggest weekly loss since 2013, dropping over 1 this week. Im not sure if that is the end of the dollar run. Matt i would not believe so. The dollar has had a cup week. Yesterday, we were talking to jim and he was saying it is down right now but pretty much everybody expects the dollar to continue running higher. The question is, how much of the run is left . To meet the run is done but there is still more to go. We are maybe two thirds of the way there. Alex is this a good thing . You have seen the pressure on the profits for these u. S. Companies based overseas. They are taking a positive thinking can i afford to continue. A poause. Betty of course, we will continue to watch the dollar run. Has the markets are about to open, i want to bring in the chief u. S. Market strategist at rbc capital markets. I know you still are quite bullish on the u. S. Market. We were just talking about europe and how it is its not up on me a bit. It snuck up on me a bit. Maybe thats where you have to park your money now. Go overseas. That is a question we have been hearing a lot from institutional investors. With qe and the dollar moving the way it is, is now the time to go outside the u. S. . We put out a report on monday looking at different ways and we came to the conclusion, no. If you look at the next 618 months, we think the u. S. Is going to dominate. The valuation is better in the u. S. In the dollar moves, capital will want to chase it. Matt if the dollar continues to strengthen, that is not great for a lot of s p 500 copies that get a huge portion of their earnings overseas. You have to separate companies from stocks. If you think the dollar will strengthen come overseas capital wants to rush into the United States to buy whatever they can to take advantage of the currency and they push up the pe multiples. That offsets an awful lot of the weakness you make from earnings. Matt it balances out. Exactly. It ends up being better. We are in a dollarbased world. If you are a u. S. Company, you are selling oil overseas and dollars. You talk about walmart or target , where are they getting their manufactured goods . Those input costs have gone down because you get the benefit on the input. It is way less of an impact nowhere near as much as people worry about. Betty bank of america did a survey of their global investors. Here is one bearish sign for u. S. Stocks. The 5 pick u. S. As the worst place to invest 35 . They foresee doubledigit Earnings Growth in europe at 38 . If you look historically that is a great indicator. Matt Alan Greenspan loves it. Everybody believes the dollar will strengthen. The trade has already been placed. If everybody believes the dollar will be stronger, why isnt it stronger already . Maybe there are reasons. Why does the fed do what they did earlier this week . They realized if they tighten willynilly the dollar will strengthen enough it will start damaging the economy. More that the more than they can handle. This pure that the dollar will run away from here is illfounded. Do i think the dollar over the next five years will be better . Yes. We have better demographics north american oil, better capitalized banking system, free trade. As much as we would love to have drones flying around we have less regulation here than anywhere else. That means the dollar will be stronger. Betty where do you like them . Where will you park your money . If we are living in a world with slower Economic Growth, you want to find companies that can deliver growth that dont need the economy to be working for you. The two areas would be the Biggest Health care and technology. If you believe Interest Rates are going to at some point trip higher adrift higher, the banks are the biggest winner. You need to think about that as well. Alex are you talking the new tech . Apple and google or enterprise tech players running the backend . Probably the newer tech stuff. The older tech stuff is more economically sensitive. It is new tech over old. There is individual groups within the consumer space like media were there is a very positive growth trend. They have pricing power, a lot of new things going on. Matt apple and google are considered new tech. I would consider them new tech. When i talked to tech investors, apple and google are old tech. Betty interesting. Matt fascinating. What a pleasure. Betty thank you so much. Thank you to matt miller and alex for joining me through the opening bell. Much more ahead. Glu mobile ceo shaking up the entertainment industry. Has anybody played this Kim Kardashian game . Who is next in line . Betty trading is just underway right now. Things green across the board. I want to get back to scroll at foo with a look at the early movers scarlet fu with a look at the early movers. The nasdaq making a push towards reaching its record highs. Were getting close to that level. Maybe 20 points away. The s p 500 and dow up as well. All 30 dow members skinning and all 10 Industry Groups in the s p 500 advancing. Members gaining. Are Bloomberg Intelligence analyst said at this drug has True Potential for being an actual revolutionary drug for treating out timers thats treating out timers treating alzheimers. Results were positive enough that the company is going to skip midstage testing at move straight ahead into final stage trials that will begin later this year. Anyone who knows anyone with alzheimers come across your fingers. Betty on another front, you were talking about wages and spending and how correlated they are. Tiffany is one of the stocks you are watching. Tiffany is suffering from the stronger dollar. A lot of these consumer names and tech names are hurting the stronger dollar. The combination of a strong dollar and sluggish sales will mean a 30 drop in profit for this quarter. Investors responding negatively to that. Youve also got a stronger dollar as a headwind for a company like nike. It is trading at a record high right now, up by 4. 5 , adding the most of the dow in points and percentage basis. The strong dollar did hold back revenue. Still, 7 Revenue Growth in this kind of Global Economy is impressive. Betty mobile games are expected to surpass console us as the biggest segment of the Gaming Market this year. Mobile game revenue will surge to 30 billion worldwide. For some of the Major Players involved, it is not all fun and games. Zynga and king have struggled to build on their onehit wonders. Glu mobile is doubling down on its Kim Kardashian franchise by adding her halfsisters to its growing celebrity cast. Kim Kardashian Hollywood has collected 29 million in sales for glu mobile last quarter. Joining us from San Francisco is niccolo de masi the ceo of glu mobile. Thank you for joining us. You could do worse than the kardashian sisters. They have built themselves this huge business empire. What will you do with her sisters . Alex thatniccolo that game will be out by the end of the year. It will be something we see is entirely complementry to kim possible game dash cam kims own game. We announced the first ever competition to get a chance to meet kim if you are lucky enough and successful enough playing her game. Betty if you made it to the a list, you get to meet the alist are. Youve signed a deal with katy perry. That game is about to come out the summer. Have you found the secret sauce . Is it to go to hollywood in order to keep your game going . Niccolo we think we have pioneered a new genre in gaming. We are part of the future of hollywood. Dvd sales and record sales are going away. Glu mobile offers people like katy perry and Kim Kardashian a onestop shop for concepts development, design, publishing distribution. We are working with these celebrities directly. We are signing very longterm deals. These are all type your exclusive partnerships. We believe katy perry will be bigger and five years that today. She has one or 75 million social followers 175 million social followers. We have a celebrity Gaming Platform with over 300 million social followers following these games. Betty kanye west recently made some comments that he is interested in getting into video gaming. Are you going to sign a deal with him . Niccolo i did say on the Earnings Call that by the end of 2016, i expected to have over 400 million indirect social followers of glu mobile via social partnerships. Watch the space in the coming months and we will make another announcement. Betty it would be shame on you if you did not sign kanye west. Right . Niccolo we are friendly with kanye and the entire kardashian family. We are looking beyond sports music and reality. There is a lot more genres within music. In the fullness of time, you will see us continue to sign talent directly and filled out the leading celebrity Gaming Platform in the world. Betty the big issue for those who follow this gaming space i look down the list bring up the list of companies crushing it in mobile gaming. King digital is number one. My kids love clash of clans. I could have said that six months ago about plants versus zombies. Kids these days are picking up the games and dropping them like that you get these onehit wonders. How do you make sure you get beyond that . Niccolo good question. Two things blue is doing. Glu mobile is doing it we put out a dozen or more games per year. We have eight franchises. Theres titles like deer hunter racing rivals. We are bringing out a new terminator game this summer, a new double a sevengame. 00 games. 7we are a diversify portfolio. The social followings will help us create longterm annuities. I would not sign fiveyear deals if i did not think a kim game or katy perry game could go the distance and prove we are building multiyour annuities. Betty thank you so much for joining us. Niccolo de masi the ceo of glu mobile. March madness in full swing. So is the bloomberg bracket. Which financial bigwigs are booming and whog . Betty welcome back to in the loop. We cannot get enough of this Solar Eclipse from this morning. The first in nearly two years. The sun was completely obscured by the moon for a few moments and could be seen in remote parts of the world. Great pictures out of the chester zoo in england where lemurs were fascinated by this solar event. I wish i was there. Another thing everyone is watching, polished Basketball College basketball. It may be a happy friday or a gloomy one depending on how well your fact bracket fared. Some of the biggest names in business playing for their favorite charities, including stephanie ruhle. Stephanie i am doing pretty well. We are right in the middle. Like bloomberg in the middle. The cofounder of fortress at the bottom. The ceo of i heart media at the bottom. One of the reasons many of us lost out so many people that went with iowa. There were some upsets iowa was a big surprise. Jimmy dunn went to notre dame. John donahoe of ebay is playing for second harvest. Those two are on top. Pretty tight right now. Offline, you can see all the brackets. They are smack talking. Jim chanos wants to short other players. Things are getting serious. Tonight will be a big night. Wisconsin playing coastal carolina. A lot of people think wisconsin can take it. You have kentucky winning, dont you . Betty yes. As well as you. Stephanie kevin plank is not doing that well in the brackets. Betty we will keep you updated on the standings. You can head to the website. That does it for today on in the loop. The impact of sports programming. Plus, the ceo of the tel aviv stock exchange. Scarlet it is 56 past the hour. Bloomberg television is on the markets. We are 30 minutes into the start of the u. S. Trading day. Here is where we stand. The dow jones getting right now by 132 points. The nasdaq making a run for a new record high. It was less than 15 points away from topping its dot com bubble heights. The dx y falling by 2 this week. Its biggest weekly drop since october of 2011. Lets move on because come as you know, march madness is now in full swing. There are a few big surprise performances among etfs this year. Let me guess im a u. S. Stocks are not anywhere on the top of this list. One of them has some. The one on top is a china etf. It is the best performer of all 1600 etfs. Its called the market vectors china sme china etf. It is complicated. Fxi is up 3 . How was this up so much . It is not the large caps. The stocks listed on the junior boards at the exchange, the privately owned companies. These are the best these etfs are usually high beta, high flyers. Scarlet high risk, high reward. Stephanie yes. Eric yes. The Chinese Government has been vocal about wanting the tech sector to succeed. This one is heavy tech. That has been the piston inside driving and way past other chinese etfs. Scarlet they are benefiting from the governments monetary easing. Eric that is the story there. Scarlet you also have argentina . An etf that doesnt include argentina . Eric it is argentina, a shocker. Up 16 this year. One of the best single country performers. They are hoping a probusiness leader gets elected in october. Sort of like the india story. Scarlet this is a better one. Eric this could be early. Guggenheim solar energy is up 30 this year. Given oils sluggishness, im shocked. Some of these companies have good earnings despite oils ball. Fall. It is the Largest Holding and is up 172 yeartodate. They make solar panels for china and china is desperately trying to move to clean energy. That one stock has accounted for half of the 30 return. A good sign for an etf. It is public. Scarlet plays that have to do with china doing well. Thank you so much. Market makers is up next. Live, this is market makers. Stephanie the roller coaster ride in the markets. Between the fed and the strong dollar, it has been a wild week. What that little blue box tells us about the economy. Tiffanys bricks that profits will plunge the first three months of the year. Getting away scott free. No one on wall street has been convicted for helping caused the financial crisis. A whistleblower tells us why not. Welcome to market makers