joining us is wilbur ross.aking a number of investments in distressed european banks including bank of cyprus, bank of ireland and the greek euro bank. you have a lot of skin in this game. when you hear this news out maybe we might have come to -- not an agreement per se, but some sort of like line here -- lifeline here. what do you want to see get done? >> a compromise of some sort is to be made. this is being negotiated in the news media than the conference room -- rather than the conference room. if you've set 800 times i won't do this, it's hard to go through . >> all negotiations are played out in the media and privately. this news about the loan agreement does that make you more positive? >> it does. it's a recognition of the part that greece needs the money. the deadline for that is sometime this week. perhaps as late as friday. there is still a little bit of time for people to go back and forth. the amount of the loan is not going to be a big problem. the duration does not make that much difference. the

wilbur ross invested $1.8 billion in euro bank.shareholders in this creek bank. -- greek bank. sticking to his guns there. they have more branches in russia then they have in cyprus -- that stock has gone down 17% in just the last year. bank of ireland he was one of the first foreign investors in ireland after the crisis back in 2011. he tripled his investment there. >> he was cheerleading for ireland for a while. with bill clinton, shaking pom-poms for making investments in ireland. >> a little self-serving because he wanted to put some big money into ireland. we will see -- he was steadfast at the time saying when people were calling for a real possibility of a breakup of the eurozone cummings said i don't think this is going to happen. -- eurozone, he said i don't think this is going to happen. it has paid off in some areas. tbd and others. >> you say cut greece loose. >> after a bit of a transition to a new currency yes absolutely. >> there are two issues here. the euro crisis and cyprus banks, the russia exposure. how worried

wilbur ross, thank you very much.t tell the nha champ onship, he loves vetoing it president obama: nothing better than the veto pen. [laughter] neil: what the puck did he say? what the g.o.p. is about to do to put the president in check after this. i'm out of analogies. president obama: my job is to present the right ideas, and if the republicans think they have a better idea, they should present them. neil: for a president who says he's open to g.o.p. ideas he's sure keen about smacking them down. he's bragging about a veto count. ten vetoes for a president who has had all of two vetoes for his last six years in office. this from the same guy who says he takes things into his own hands because republicans offer him no bills. house deputy with kevin brady says ten bills now apparently ten vetoes. congressman, very good to have you. what do you make of that? the truth is, not a lack of effort. you guys keep giving him stuff, now he promises he will reject all of this stuff? >> i hope he gets it out of his system now. w

wilbur ross, the billionaire probably wiping his brow that there's a four-month extension that buys time here. the greek banks are skyrocketing, they are traded here in the u.s. great to see you, gentlemen, cooper anderson, good luck on brand new etf. >> thank you. liz: we are on the breaking news, if you're watching "countdown" about a month ago, you would have known that europe might be the next best place before there was clarity about the deal. you would have also known about howard lutnick making a big deal in the united states. the chairman and ceo of cantor fitzgerald here in a fox business exclusive. brand-new acquisition that came through late yesterday. the nature of interbroker deal business. shares of bcg business partners up 32% over the last year. >>> and apple five years from now can they be turning out electric vehicle? they said they can. is apple set up to produce a major lemon or tesla terminator. >>> and does the success of the oscars and the tens of millions of viewers and money that go with it come down to a single person? the host with the most. that's a big one. t

wilbur ross was on last week.rpretation of what oil prices mean for the economy. >> the decline in the price of oil for the developed countries is good deflation. so i would not worry about that part. and that translates into downward pressure and lots of other things because of transportation costs and all that. i think until we get to more steady period on oil, which i think will probably have that later this year, into we get to that, it is hard to measure how much is noise and how much is true deflation. >> what about you? what is your take on the lower oil prices? >> the first thing is, lower oil is the stimulus -- but that we need to recognize, it will help consumers been in growth. oil is at bottom and is moving up. right now, looking at low -- later on, we will get cpi number, negative for the first time since 2008. but that is really short term. i think from here, oil prices will creep up over the next year or two. we should see a substantial increase in oil prices in the next two years. the most importan