Agreed upon between today and july 1. Right now, members are talking. Lets see what they can do. Matt diplomats in switzerland will say they do not have blueprint for a deal. Greek banks are getting a lifeline. The European Central bank is boosting emergency funds. The ecb wants to make sure the banks stay open. Alexis tsipras will meet with vladimir putin. Some officials call it a sideshow saying food and is unlikely to give greece any money. Saying putin is unlikely to give greece any money. 90,000 workers will be paid a dollar an hour more than the prevailing minimum wage. That is only for Company Owned shops. Most of its u. S. Restaurants are franchised. The water war is now a statewide battle in california. The governor has ordered limits to preserve its best californias drought is in its fourth year in a row. Governor says the time to act is now because Climate Change will only make things worse. The climate is getting warmer. The weather is getting more extreme and unpredictable. We have to become more resilient, efficient and innovative. Matt water supply agencies must reduce usage by 25 . California snowfall this winter was at an alltime low. A senator who has been in washington nearly a decade will be facing a judge today. Robert menendez of new jersey is ordered to appear in a federal court in is accused of trading political favors poor 1 million worth of gift and contributions from a friend. Menendez denies wrongdoing. He is the 12th senator to be indicted while in office in all of u. S. History. One of the top stories we are following today. Another negotiating session overnight failed to produce a deal in the iran are talks. Peter cook is tracking negotiations for us. Are they any closer to an agreement than they were last night . Are they about to throw in the towel . The latest word we are getting is from the Iranian Foreign minister. Speaking with reporters saying they are working on some sort of statement that could be released as soon as today. They are still working on the language. It is not clear with that statement will contain. It is a press statement describing where they are at this time. It seems at this point they will fall short of the Framework Agreement that the administration has been hoping for. The question is, is this going to be enough for john kerry and the administration to be able to come back to washington and continue negotiations . This is how josh earnest characterized the state of play at the white house. As long as we are in a position of convening serious talks that are making progress that we would not abruptly end them. If we are in a situation where we sense that talks have stalled, the United States and International Community is prepared to walk away. Have these talks stalled . Weve not heard that from anyone at this point. John kerry still in negotiations overnight meeting with his counterparts this morning. We are waiting for word from the u. S. Side where things stand. The talks, still ongoing in switzerland. Matt the big sticking point. Why is it such a problem . Both sides are competing over this issue. The iranians want sanction relief right away. That means the ability to export oil. They also want u. N. Sanctions, those dealing with arms proliferation issues, to be put to the side. They want access to the International Financial systems. They want some evidence that iran is abiding by this agreement. They want sections relief to come at a slower pace. You have not only u. S. Sanctions but eu sanctions as well as u. N. Sanctions. Three different pools of punishment for the iranian economy. The sequence is very difficult and it has been a big challenge. Matt peter cook. Thank you for following this story. The new York Auto Show is underway and luxury suvs have been all the rage. Lexus and mercy these debuting new models. Infinity showing a model of its q x 50. It is heading for production. Carlos ghosn is live at the event. He joins us for a first on bloomberg. Thank you for joining us. Carlos good morning. Matt let me ask about what you are debuting at the show this year. Im sorry. Have you still got me . Carlos i can hear you now. Matt talk to me about the queue x50 the qx50. Carlos a lot of innovation. Youre going to see a lot of suvs and crossovers. This is a show where we are going to come with sports sedans. Youre going to see a lot of cars and technology in new york. Matt nissan has become the second biggest brand in the u. S. As far as car sales are concerned. How do you get there . A lot of people may be surprised. He were fifth a couple of years ago. You were fifth a couple of years ago. Carlos this is the result of a lot of investments in technology and cars. All the launches we have done in the u. S. For the last three years are doing well. Particularly in the segments which are growing the most in the u. S. With the rogue in the crossover sector. This has made a lot of progress and the gain in market share. We are coming with the relay of new products. One of the most important, the maxima, which is going to take the relay of all the cars we have launched. We are on the offensive with a lot of new products that will hopefully convince the consumer that we deserve a bigger share of the market. Matt the maxima has been a blockbuster since i was a kid. What is new this year . The 2016 model . Carlos the maxima you are going to see is going to be longer lower lighter. Much more powerful with 300 horsepower. Much more fuel efficient. 30 miles per gallon on the highway. It will have a lot of features in terms of safety and comfort. You have to drive it to see all of the details. Matt looking forward to driving it. Let me ask you about the weaker yen and euro. Is that helping you to take market share in the u. S. . Carlos the weaker yen and euro as you probably know for many years, we have embarked into a strategy to localize production. In a certain way, it does help us as much as some of our competitors were based in japan because more than 85 of the cars sold in the United States are made in north america. There is marginal profit coming from a weaker yen. It does not influence performance. We are 85 localized. Matt weaker peso right now. Wheres the best place to produce cars worldwide . Carlos i think today the u. S. Is a good market for all carmakers. I think china is a good market. India is coming back. The forecast is a 6 increase in india. There are other markets that are in more disarray like brazil. A decrease foreseen in 10 to 15 this year. The situation of the car market globally is very contrasted which ends up with a very small, 1 forecast of growth. Globally. Matt i really appreciate your time today. Have a great show in new york. Chairman and ceo of renault. Stephen went home and joins us in the next hour. It will be a fun interview, at least for me. Ask sports fans prepare for the final four this weekend, we will talk the biz the big business of george pine. Go daddy goes public. The Company Raises almost 500 million in the first day of trading. We will talk about the business. Matt here is a look at top stories. Police in kenya think out show bob is behind all should bob is behind an attack. 15 people were killed. More than 50 others were hospitalized. 500 others are unaccounted for. Al shabaab. A story out of yemen. More than 300 inmates have escaped from a prison there. An official says al qaeda militants stormed the facility and turned them loose. Among those freed, a terrorist leader who had been held for four years. Lawmakers in arkansas and indiana are scrambling this morning, backtracking on a controversial religious freedom hill critics say would allow discrimination against gays area Governor Asa Hutchinson of arkansas says he will not sign the bill until it is revised. House leaders hope to give final approval to legislation that addresses the governors concerns reader today. Later today. Shares of go daddy are up slightly in the premarket, one day removed from a big debut on wall street. The Company Raised 460 million and a larger than expected ipo. Go daddy provides internet dont a main internet domain Name Registration services. It had a post ipo market value of over 3 billion. Tiger woods has a week to decide whether he will play in the masters. Indications he will teach it up at the first major championship. Woods has been away from competitive golf for two months now. Those are your top stories on this thursday morning. Still to come he manages 13 billion, mark pinto. Where he is finding opportunities in this market. The fed chair making comments on economic mobility, still to come. College basketballs arnold for will take to the hardwood to decide who will play for the ncaa championship. Players will be fighting for the points but march madness is also big business. A trip to the final four generates 8. 3 million for that schools conference. That is eclipsed by tv ad revenue expected to top 1 billion. Joining me now to talk about the business of sports is george pyne. Founder of bruin sports capital. Thank you for joining me this morning. George great to be here. Matt march madness is massive. I have to imagine it is the second business second biggest sporting event in america after the super bowl. George the cpms you are able to get are the highest on television. The reason is because of the demographic in College Sports. 80 million females. 130 million men who earn over 100,000. A big audience, great demographic. Matt it lasts a long time so that is great. Better than the super bowl which is a oneday event. Who is this benefiting the most . A few Million Dollars colleges get. A billion dollars in revenue in ad revenue. Who gets the most . George at the end of the day the money goes back to the schools. They use that to operate their athletic department. Matt what Investment Opportunities do you see in the ncaa . George the business around College Sports is big business. A platform for corporations to reach this demographic. When you see the fans this weekend for wisconsin or kentucky, they are passionate people. Your colleges statement of who you are. Matt are they failing to cash in on some trends . George i think sports and media is changing. As the media landscape changes, it will create new opportunities and platforms. College sports is a great segment to tap into. Matt only basketball and football seem to be where we are focused. George that is where the interest is. The money follows the interest. The interest is in football and basketball. Matt i feel like hockey im from columbus ohio, so i feel like that is an opportunity that they do not cash in on. George a great product. A lot of passion in hockey. It is still more regional in the college landscape than football and basketball. Matt professional hockey does not seem to get its due. What are they doing wrong . George you to look at it from a north america standpoint. In canada, there is a passionate audience. In the United States there is a from the double audience. A formidable audience. Matt i love formula one but i am one of the few people in america that is into these Big International motorsports. Few people realize nascar pales in comparison to the sports. Why dont americans get into motorsports as much . George formula one is an incredible franchise. I was in germany meeting with the cmo. I used to marvel at what people pay. I used to ask him a wide you spend so much money . They say, you tell me what else i can buy that gets me matt a billion people watch formula one races. George formula one is every year. A global platform. It is an aspirational product. Formula one is an incredible franchise. I think there is opportunity for more growth in america. Matt the race in austin has proven to be successful. Do you think americans will catch on . Every couple of decades we try to get formula one back into the u. S. George over the longterm, it catches on. The more the world connects, i figure will both well for formula one. Matt thank you for joining us. George pyne, under of bruin sports capital. The end of an era for madmen. The season braces for its final season. A look back at how madison avenue has evolved. March jobs reports out tomorrow. In five minutes we will be breaking initial jobless claims. Just because im away from my desk doesnt mean im not working. Comcast business understands that. Their wifi isnt just fast near the router. Its fast in the break room. Fast in the conference room. Fast in toms office. Fast in other toms office. Fast in the foyer [pronounced foyyer] or is it foyer [pronounced foyyay] . Fast in the hallway. I feel like ive been here before. Switch now and get the fastest wifi everywhere. Comcast business. Built for business. Matt you are watching in the loop. Im matt miller, in for betty liu. Still with me, george pyne, founder of bruin sports capital. You just invested in the nfl making a separate is this of its hospitality unit. Big business. George it is the first time the nfl has taken the business and licensed it outside of the nfl in partnership with 32 equity the owners of the nfl. Were going to further develop a business to provide access to the super bowl, pro bowl, hall of fame game as well as provide a Premium Hospitality experience. Matt what is that . George it gives you access to hospitality inside the security perimeter during the super bowl. A great experience to entertain guests and clients. The big headline for us is, we raise 250 million in capital in x months. Within six months. We are announcing our deal which is Game Changing as terms in terms of the model sports. Matt it is a Game Changing deal. It opens a lot of doors. I guess you could do this in College Sports as well. George the idea i have always built platform businesses. I think what the nfl found attractive is, they do a great job with nfl businesses and maybe someday we can build platforms outside of football and further help rights holders interact with fans. We want to focus on the nfl and do a great job but also see if there are other opportunities. Matt we talked about formula one. Soccer is also massive globally. Something else american has not really latched on to. Is their opportunity there . George soccer is gaining traction in the United States. When you look at world cup ratings, they were terrific. The mls getting an increase in its right space and you look at the value of mls franchises increasing, i think soccer is starting to take hold in the United States in a way it had not in the past. Matt are people watching mls . George people are watching and attending. It is building overtime and continues to do better. As well as International Tours that come over in the summer. As the face of america changes i think the future in soccer is bright. The numbers suggest it is gaining a traction. Matt watching english soccer, german soccer. George the premier league will come up again. Matt we talk about motorsports and nascar is the first comes to mind. Im a great fan of indycar. Are these smaller leagues going to come up . George i think nascar has size and scale. It is drawing television ratings. It has a meaningful audience and is national in scope. Matt indycar has not gotten their. Re. It did not really pick up. George it is a viable sport. Probably not at the scale that nascar is at. Matt you have the best job in the world. George at least i know what im talking about. It beats making chairs. Matt it does. Who do you think is the biggest winner as far as the advertising game . Who was winning out now in madison avenue . George sports still aggregates to large audiences and has passionate fans. Do advertisers use sports in the same way as digital as they do for lineal for linear television. I think the answer is yes. The more channels for distribution, the better for sports properties. Matt live sports and financial news. George that is all you need. Matt george, thank you so much. George pyne, founder of ruin sports capital. Bruin sports capital. Initial jobless claims coming out. Julie hyman has the data. Julie a little bit lower than estimated for last week with a reading of 268,000. That is a drop from the prior week. It is better than the 286,000 that economists had been estimating. We are also seeing a result. The pace of 2. 3 million in that continuing claims number. We are also seeing improvements on that front. The jobless claims do not have much bearing on the monthly jobs report we will be getting. It is only one week out of the month. There has been some trepidation about tomorrows report given the weaker than estimated adp report. Perhaps investors will see this jobless claims report as a sign of some better news. We are getting the trade balance numbers. We are seeing a narrower trade deficit than had been estimated. 35. 4 billion. We are seeing a shrinking trade deficit. Matt thanks for that. We will stay on top of that story. Other top stories we are following. Talks with iran went to the night but still no nuclear deal. Iran is saying progress was made. We reviewed all solutions. These solutions were discussed as general topics which are to be agreed upon between today and july 1 and lead to a final agreement. Members are talking right now. Lets see what they can do. Matt diplomats will say only that they do not have a blueprint for a deal. That world powers are offering to lift sections on iran if it thomas is not to build nuclear weapons. The water war is a statewide battle in california. Unprecedented new limits to save water. The governor says the time to act is now because Climate Change will only make things worse. The reality is that the climate is getting warmer. The weather is getting more extreme and unpredictable. We have to become more resilient, efficient and innovative. Matt water supply agencies must reduce usage by 25 . The state passed snowfall this winter was at an alltime low. California passed drought californias drought is in its fourth year. Former educators are facing up to 20 years behind bars. They have been convicted of racketeering for rigging test results. Prosecutors say they did it to keep their jobs or win bonuses. A senator will be facing a judge today. Robert menendez of new jersey must appear in a new work federal court a newar federalk