Cyprus says the new agreement wiped out previous budgets. It is murder monday. At pharmaceutical group has agreed to buy another four billion dollars in cash. Valley and was stored in valeant was sorted from buying the maker of botox b. Announcement will be made later this afternoon. A change at the top of dish network. Charlie ergen is not going to be the ceo of dish at the end of march. He is replacing joe clayton who is retiring. They keep losing tens of thousands of subscribers while they are investing up to 50 billion in wireless airwaves. That is his next big bet. A pay cut for the ceo of british bank which has been hit by lower profits and a tax evasion scandal. It has been cut 5 . The 2014 earnings fell 17 . The bank is dealing with fallout from a report on how it handled swiss accounts for tax evaders and criminals. The oscars went to drumroll bird man. And 14 oscars last night including those for best picture and best director. Julian moore won the oscar for best actress for her role in the movie still alice. Thank you so much. I read an article that said that winning an oscar could lead to living five years longer. [laughter] if that is true, i would like to thank the academy because my husband is younger than me. Good for her. The best actor went to Eddie Redmane hoover trade Stephen Hawking in the theory of everything. Back to business and greece. The greek Prime Minister has less than 24 hours. Our International Correspondent is back in berlin after going all over continental europe. What do we know so far about the proposals . We know very little. What we do know is the government has made announced they will talk about reimposing a higher minimum wage. The minimum wage could be one area where there could be a little give because that will not directly add to the deficit. There is talk about labor reform. The important thing out of athens this morning as they spoke in terms of red lines. These are commitments that the new government made to their voters. At the same time, there are red lines here in germany and berlin. If there are not enough specifics the eu leaders and finance ministers can vote this down in a Conference Call tomorrow morning. We have to wait and see what the document is and whether or not it will be specific enough, not just for berlin but also madrid and brussels and other capitals that want to see greece stay with their imf reform program. What about is being enough to satisfy the germans . That is the crucial issue. The key issue is how much specificity will we get tonight . There isnt a whole lot of optimism on why this will be different other than the fact that everyone came out of the meeting convinced that they could potentially have a deal. There are a lot of hedges on that. The first is tonight and there will be another 14 months down the road another one four months down the road. There is also the spanish economy minister. It isnt just berlin versus athens. This is europe versus athens in some cases. Thank you so much. The latest in washington, the Obama Administration taking a big fight with wall street over the handling of 11 trillion worth of retirement savings. The administration wants to change rules for brokers who give retirement account advice accusing them of putting their interests ahead of their clients. Peter cook has more on how the white house wants to change that dynamic. They accused the brokerage industry of having charged excessive fees for years. Thats right. They suggest there is a conflict of interest for the last 40 years. The administration moving today through the Labor Department at the urging of the president to move forward with a change in the Legal Standard that those brokers need to follow going forward. The standard right now is a suitability standard. If you are offering Investment Advice to retirees use of we have to offer advice that is suitable for them based on their age and income. The white house says that is too low and allows for brokers to basically offer products or recommend products that give them a higher compensation and may not be in the best interest of the client. The administration is proposing this fiduciary. They have to put the clients interests first. It is a very big number and one the wall street firms will challenge directly. The white house says this is a change that is long overdue and they are moving forward today. The president will talk about it in his middle class economics push. They hate this proposal and i have been fighting it for years. They have been fighting it for years. There was an initial proposal in 2010 i got tabled because of the criticism from wall street. They are making the case this will hurt retirees and limit their choices in terms of products available to them. They will say for folks with smaller accounts and lowerincome americans who are trying to save for retirement that they may not be able to offer advice to them at all if the standard moves up to the fiduciary standard. They are making the case it will do more harm than good. Was obviously a lot of line a lot on the line. They get a big cut of that right now and terms of the Investment Advice they offer. This is a big deal to wall street right now. Billions of dollars in fees collected. Thank you so much peter cook. A big deal on the farmer space on the pharma space. A deal valued at 10 billion. Valeant will address to its stable of offerings. They had a whole in this area and that is why they went after this company . Right. Salix is the leader in this gastro intestinal space. This is kind of a surprise. They bid so hard for allergen and they didnt get it. Most people thought things would slow down here in the acquisition front. Valeant came out and said they will step back and focus on what we already do. The kind of came out of the blue with this. This has been in play for a long time. The question now remains whether or not they go after Something Else or stick with what they have. What do you think change their mind . Other than the fact that this was a for sale and if its a nice hole in their repertoire. When change their mind at valeant . They are notoriously inquisitive. They went with an experiment where they teamed up with an investor. Even though they said we are happy with what we have and we dont need to do a deal, this is a company of scale with a very good portfolio of products. They thought this is one we cannot afford to miss out on and so we will do it. Will they do more . That is a good question. These guys love to do deals. They have said they will not. When they see something they like, they will move quickly and aggressively to get it done. If the right thing comes on the market, these guys are in. Edit, thank you so much ed , thank you so much. Moving and shaking this hour. Warren buffett likes a deal. He is a ligety morris possibility to executives at berkshire hathaway. At least four of the recent acquisitions will be seen by his deputies. That includes duracell and a german mortar cyclic women retailer. German motorcycle equipment retailer. Who is going to take over for Warren Buffett . That has always been the biggest question at berkshire hathaway. The stronger u. S. Dollar may be the final nudge acquirers need. A company has a presence in 150 countries and why the u. S. Dollar is helping. A new leader is still an insider. Much more on that story in a moment. Let us get you caught up on some taught stories on some top stories. The violence continues in ukraine. Macwhinnie and government says two troops were wounded in the last 24 hours. Greece has until the end of the day to come up with a new list of Financial Measures. Some other stories making news. A series of recalls have caused the president of honda motors his job. The retailer was plagued by major recalls of defective airbags. Here is his decision to step aside. Honda is ready to make a hugely forward. I believe honda needs to overcome challenges under a new younger leader and team. That is why i have decided to be succeeded. More placement will lead a hondas six regional operations by expanding each regions businesses utilizing experience and knowledge he has a committed over the years. He led the company for six years at honda. Security tighter today at the largest mall in the u. S. After a terrorist threat. And a video, a Terror Group Calls for attacks on the u. S. Canada, and the u. K. Specifically mention the mall of america near minneapolis. Secretary jeh johnson says the threats must be taken seriously. 11 students at Lesley University in connecticut have been hospitalized after an apparent mass drug overdose. The students took the drug known as molly. One student is in quickly condition. Those are your latest top stories from around the world and here in the u. S. The stronger dollar may be weighing on some companys earnings. American suitors are now getting more bang for their buck in other parts of the world and they are starting to take advantage of the stronger dollar. Last week, we heard the u. S. Beverage company ball corp. Agreed to by committee for 6. 8 billion. That is much less than it would have cost a year ago. And joining us now for more with his perspective is mike dolan. He is the former ceo of img worldwide. He has served as the cfo of viacom or i am sure you had to take a look at currency fluctuation. We did. It makes you appreciate being in the United States. So the dollar has gained like 21 against the euro. You flip that around and maybe have had a fifth of a discount out around the world. Is a make a difference for you . I think it does. Maybe less so for bacardi because it depends on when you started internationalizing. If you started early, you already have made the acquisition and filled out the product portfolio. If you are starting out late now and are looking to do acquisitions and international markets, the timing is putting good. Are you looking to do acquisitions . Where always alert to opportunities. We like to think we are alert to opportunities anyway. We feel the portfolio we have is pretty attractive and broadbased and has been around for years. Is it hurting you at all, the stronger dollar . In general pretty naturally hedged so we are ok. Venezuela and russia you get these incredible distortions. Those are probably the two biggest markets where there is no natural hedge. What about cuba . I dont think we have had you on since the announcement was made by the white house that they were normalizing relations with cuba. Mccarty famously kicked out of the country. You have your cuban heritage. Are you trying to get back into that market . It is too soon to say. These are the early days in the relationship. It is too early to call it in terms of which direction it will go. I think everyone hopes that whatever the outcome is that the lives of the cuban people will be improved as a result of it. You have a special link to cuba. We do. The Company Started in cuba. The rum is synonymous with cuba. It is in your tagline. Absolutely. The parties have made a huge contribution bacardi has made a huge contribution to cuba. It is part of the dna of bacardi rum. You havent looked at that market specifically . Too early. We will keep an ion and see how it develops we will keep an eye on it and see how it develops. It is like hedging currency. A natural. Onunnatural. We would like to see more concrete performance by the cuban government and responses by the u. S. Government. Before we go, there was a great profile written by bill cohen, a contributor here, on the merger which you helped put together. It outlines your relationship with Mark Mcdougal who apparently you fought with over the direction. Let me read you a quote that bill had. You said i was sitting there waiting to collect a check from the sale of the merger and he still didnt have the balls to say it will not work out and we wish you well. This was a very entertaining article. There is a lot and it that may be true. That wasnt . I dont recall that specific line. I think they did a very entertaining job of taking what is a business story and making it into something it sounds like a hollywood script. It does. It is something the average person would be interested in. The former ceo of img and the ceo bacardi. Before you want to take a good to disneyland, youll want to hear about how much it will cost you. It is three digits now. They are upping their park fees. Upon takes a bite in europe with its biggest investment there. What is the tech giant building with all that cash . We will be back. You are watching in the loop live. Good morning. Im betty liu. Todays big number. 105 is how much it will cost to get into the disneys Magic Kingdom now. The basic 100 barrier for the first time ever. Changes when it to affect on sunday. They include a 3 rise at the other three resort parks in orlando, florida. Disney has been investing 5 million in its parts over the past five years opening new attractions and doubling the size of Magic Kingdoms fantasyland section. Attendance is up 3 over the last fiscal year. It will cost you to be in the house of the mouse. As we had to the opening bell, i want to get to scarlet. He went to disney world recently. Thats right. Fortunately got that in before prices went up. Let us focus on crude oil which is trading below 50 a barrel this morning following his first weekly decline in a month. For most of february, it has been stuck between 40 and 54. Most recently, but gold has been under pressure after citigroup came out with a 20 oil call. My next guest says people are ignoring the fact that the economy is improving. That should lead to Higher Oil Prices overall. Will talk with todd. Are you a little bit bewildered we are stuck in this range . Good morning. As i look at oil, i thought the range is solid. 40 727 to 55. I am a buyer. I think we have a great chart setting up. I think the lows are in. I go back to the citigroup call. Those are guys that are really looking to buy oil and not sell it. What we are really seeing is the market should be breaking a lot harder based on the overall dollar. The call by jp morgan why are we down to 35 a barrel right now. The truth is there is still a demand an oil is the over strength of the u. S. Dollar. They will start to adjust for this oversupply and oil. Red cows will go down. They will not let these prices fall down further in my opinion. I was willing to buy a 50 nine getting a better price now by at 50 but i am getting a better price now. To what extent is oil a hostage of the bigger macro trends that investors are grappling with now . If you look we have certainly come way down. Where were the big sellers . As we pull down, we made a nice bottom somewhere around 43 to 45. I think that a solid. The big advantage here is we are starting to build a base and moving our way higher. Janet yellen speaking on tuesday and wednesday with her testimony could create a little problem because the dollar has been exceptionally strong. The problem is the dollar. That is the real focus. The overall too much strength of the dollar. We can start to see oil pickup a little better. We want to get to our word of the week. We talked about oil. How does that factor into what we are seeing right now . What is this relationship to another word we often talk about . Backwardation is what we are were at. If we go to next marchs oil, it is trading at 63 a barrel. It is turning into a premium. That is called contango. It is a normal rotation. Moving forward, we will see how it plays out. Thanks so much. We will continue to keep an i on Oil Prices Trading below 50 at the moment. Thank you so much scarlet fu. If youre are just joining us heres what you need to know. The government greece is now trying to satisfy voters and euro area finance ministers. They have until the end of the day to come up with new financial policies in a change for funding in exchange for funding. Here is greg we are in the process of compiling a list and we will submit them in due time. We are pretty confident actually, very confident that the list will be in approved by the institutions and we are embarking on a new phase. Correct the group wants to raise expectations under the bailout. 150,000 cars recalled here in the u. S. The problem . And problem that could cause an engine fire. Coming back to work after a labor dispute. It may take a weeks to clear the backlog of ships waiting offshore. And you will be at his biggest investment for in europe ever in europe. They are building 200 data centers in ireland and denmark for some facilities will run itunes and act. And mac. And victims of scam artists Bernie Madoff will get an additional 1. 5 in dollars back. The money had been held up while longterm it off investors sought to get more money than shortterm victims. An Appeals Court rejected that. So far, they have gotten back 17 billion of all that had been lost in that ponzi scheme. The winner of the daytona 500, 24 years old. And much more ahead, a different kind of race, more eyeballs are drawn to digital. Will traditional media be able to keep up . We will be back. Who gave this man a green card . Bird man a little bit of it joke politically last night. We are joined now by two media heavyweights for Big Questions that are affecting hollywood. Bob rice is the former chairman and ceo of universal, and now serves as cofounder. Mike tomlin and mike dolan now at bacardi. And you get a chance to watch the oscars . And was there a big surprise for you . The Lowest Box Office movie of all time womn. [laughs] of all time. I dont know it was, but close. What i think its very good for them, and a very good signal to hollywood that the overproduced over all of those things are just i was surprised that boyhood did not win. I can tell you that movie just for ever to make. And that is an independent film. Im surprised that they didnt do much better. I was the gray i would say congratulations to Patricia Arquette for getting best supporting actor. Will Rupert Murdoch make another go . If you done . Is he done . First of all, hes got two more weeks for making discoveries. Are we going off the Empire State Building tomorrow . Is thereshading his appetite