. >> does the finance minister wolfgang scheibe up -- wolfgang schaeuble's reaction nero the rest of government? >> it has cost a little friction. one minister said that they should not be rejecting the greek proposal publicly at this point, but should view it more as a basis for negotiation. obviously the economics minister is looking ahead to friday, and the prospect of negotiations with the greeks again on this loan program that is supposed to take place in brussels. it is clear he does not want to prejudice those negotiations. >> those negotiations are looming on friday. terry martin, thanks for joining us. >> let's check out business reaction. despite news that germany rejected greece's proposal as it stands, it failed to unnerve investors. most major markets finished with gains. this summary from frankfurt -- >> today's trading action was once again clearly dominated by the standoff between greece and the eurozone. we had a little bit of an uptick of momentum in the morning after greece came up with a better than expected offer. but then wolfgang schaeuble said the offer was no

. >> 1500 guests were dining but it is really about the food cure rated by super shelf wolfgang puck.mpagne on tap for the winners and everybody. >> there really there are no losers when you feast on 50 dishes prepared by wolfgang or many people. you finally get to eat >> he's done this several years now. his menu is ridiculous. a bonus round of "the skinny" coming your way. of course it is the oscars. bonus round of "the skinny" coming your way. of course it is the oscars. is that really a thing? it sounds made up. i can't sleep when i'm all stuffy. i take offense to that. i'm not going to argue with a talking ball of mucus. i think you're being a little hasty... he's not with me. mucinex fast max night time. multi-symptom relief plus nasal decongestant. breathe easy. sleep easy. start the relief. ditch the misery. let's end this. [ male announcer ] you wouldn't leave your car unprotected. but a lot of us leave our identities unprotected. nearly half a million cars were stolen in 2012, but for every car stolen 34 people had their identities stolen. identity thieves can steal your mon

similar to a planned already rejected by, amongst others, wolfgang schaeuble.e are we in the process of finding a middle ground? it is clear that some exists but we need to get language right. >> it is more than just semantics. there are differences between the extension of a loan agreement and the extension of it bailout. they will consult with finance ministers to see if it is worth convening a meeting. there will be a meeting of deputies but whether the heads come together remains to be seen. francine: i am surprised we have not found out what is in the moscovici draft. is there thinking that maybe they are trying to put the germans or someone is putting pressure not only on the greeks but to find a blanket solution for europe? >> in the european meetings there are always plenty of draft statements. everyone has one. depending who you speak to, the agreement is close to are not close to being agreed. the eu commission sees themselves as an honest broker. in the past we have seen that the eu is more compromising than those who hold the money. you do not have

wolfgang puck a sneak peek of the meal.> we make it into the oscar shape. see that there. >> oh, my god. >> just a little like that. do you still feel pressure preparing this meal? >> i cook everything at the last moment so an hour before they come out of the theater i get really nervous. >> can i have a bite? >> you can eat them all. mm-mm. next wolfgang's famous chicken pot pie. >> everybody wants it. i remember barbra streisand told me make sure you have your chicken pot pie. >> i have no excuses not to be helping at home. >> i totally agree. >> i'm going to add potatoes carrots is always nice because of the color and then some peas. we also add truffles. can you see this is a black truffle. we are in the luxury here. >> shouldn't have left us alone. should we steal some of this? >> can we just take that truffle home? >> don't take it. don't take it. >> now for dessert. >> now show you how to make a simple chocolate mousse. >> melted chocolate whipped cream. >> i like when you give all the cooking tips you look to vaness

wolfgang puck taking us into the kitchen where the cooking countdown is on.the kitchen? >> it's on, and it gets hectic for about an hour and a half. >> reporter: 400 pounds of salmon 800 lobsters and 800 of his famous chicken pot pies. after 21 years of cooking the governor's ball he knows each celebrity celebrity's craving. >> i make him a good steak. >> reporter: for streisand, it's -- >> we're making 2,000. >> reporter: even putting needlework on his short braised ribs. salt and petpper each side. pepper my bad. this is the chocolate room it's taken a week to make 5,000 chocolate oscars all sprayed in gold. is this real gold? >> yes. >> reporter: he tastes every dish. brandi hitt abc news los angeles. >> well the excitement is wild ing -- building. "gma" from hollywood first thing in the morning and david muir will be back tomorrow. for now, a look at the red carpet the stars getting ready to shine on hollywood's most glamorous night. i'm tom llamas, have a good evening. >> breaking news out of the district -- an explosion in southwest washington that had

varoufakis meets with wolfgang scheibe today. joining us now is hans nichols in berlin. this could be the meeting that everybody has been waiting to hear about. we thought draghi was going to be interesting. scheibe is going to be fascinating. hans: he is going into this meeting and they appear to have consensus from their european partners. that is that greece should potentially stay in the bailout program. and if they leave, they will be consequences. they are not going to be able to use greek debt as collateral with the ecb. that is going to drive up there borrowing cost. they may face a liquidity crunch. what is greece's plan? even if they get through these next couple weeks, what is their plan for renegotiating, for having something on? mr. varoufakis has to sell that to mr. choi blood today. i don't expect it is going to be an easy sell. we are going to be watching the press conference very closely. one other note greece appears to be doubling down. they are saying they think they have the liquidity, and they say they have a mandate from their people to go ahead an

the headlines out of athens "wolfgang schaeuble is out for blood."fakis did give an interview. what he said, what we cannot accept is the fiscal agreement by the last government be carried through because the rules say so. there's a possibility as long as the sides are talking for a deal. they meet at 3:00 today. last may, angela merkel in alexis tsipras had a positive conversation as described by the greek side. german officials are saying greece does not have to profit a -- to proffer a new agreement, the proposal can be the basis for negotiations. they have made clear they want greece to stay in greece has been just as clear saying they want to leave the bailout. francine: what is the ecb considering? hans: the ecb is prepared to ask greek banks to stop relying so heavily and stop buying as much greek debt. reduce their holdings. next month, greece plans to roll over another 4.4 billion in greek treasuries. the main buyer is the greek central bank. if greek banks are not buying that debt it is going to be difficult for the government to find thems

wolfgang has help in the kitchen 300 chefs by his side getting the food ready and each star takes home a chocolate figurine in the shape of an oscar statue. >> we are the home for oscar sunday with coverage at 2:00 p.m. with "on the red carpet," and at 4:00 you can see what the stars are wearing and at 5:30, watch who wins as neil patrick harris hosts for a list of the nominees at oscar.com. >> and katie marzullo will be in los angeles this weekend with reports from the oscars and an inside look at bay area connections to hollywood's biggest night. >> tough daughter but someone has to do it. >> she did a great job. >> another person would looks fabulous in any weather is meteorologist mike nicco. >> you are so nice. a big group hug. katie marzullo looked great in green last year. now, the gray that is behind me, the fact that the marine layer is deeper than i thought and it is more stubborn. live doppler hd did not show a last fog but the marine layer clouds and keeping visibility low and keeping sfo behind so make sure you check ahead of people who are arriving and here is the reason

brendan: this is the empties stage where varoufakis and wolfgang sure but -- wolfgang sureschaeuble isright now, "nein, nein nein." tom: the new slow this morning, if you are just joining us and waking up to this in the united states, the news flow this morning and the headlines from bloomberg are just extraordinary. very quickly, olivia, putin will visit with merkel and Åland hollande in moscow. olivia: secretary john kerry has chased his itinerary. he is now going to kiev and moscow. brendan: coming up, we are going to discuss what costs to contain an outbreak. this is "bloomberg surveillance." on bloomberg television, streaming on your tablet, your phone, and bloomberg.com. ♪ tom: good morning, everyone. tom:"bloomberg surveillance." we are watching the markets in europe. let's get to our world news headlines. here is olivia. olivia: the premise or japan wants to amend his country's pacifist constitution. he reportedly wants to end the restriction on you the use of armed force in place since world war ii. two japanese citizens were killed by a sonic militants. russia is taking the l

wolfgang schaeuble poured cold water on that.e'll be talking to the ceo after the company reported fourth-quarter earnings higher than expectations. ♪ >> welcome back. i'm jonathan ferro. this is "on the move." the ftse 100 is dead flat. the dax up .1%. we are waiting for the greek market to open up. yield on the three note coming up a little bit again, two basis point. we thought we would get a compromise and the german finance minister poured cold water on that. i want to get stock specific because one company dominating the headlines in the tech world is chip designer arm. fourth-quarter meeting expectations. simon segars joining us. caroline hyde with us as well. the last 12 months we have talked about licensing growth and when that was going to translate into royalty growth. your company said you are going to get 15% growth. we waited patiently. here we are. you went up 16% on royalties, 30% on licensing. i will shut up and let u.s. of the question. could you be that 15%? when i look at the -- i will let you answer the quest

the german finance minister wolfgang schauble acknowledged that members did face a difficult decisioneforehand that rejecting this deal would do great harm and urged them to approve it, despite the skepticism within germany. >> translator: we're not talking about new changes to greece or any changes to this program. rather, it's granting or providing extra time to successfully end this program. >> that was wolfgang schauble. certainly, there are anxieties not just in germany, but in greece as well. in fact, we've seen the first signs of trouble there yesterday evening. these were the protests with police by a group of anti-government demonstrators. they are unhappy at the compromises so far made by the newly elected sirs ayriza government to achieve this deal. our athens correspondent mark lowen has been out and about in athens trying to get a flavor for what most people feel about the syriza government's moves. >> greece's new government is a month old and it's been a stoney start. gone are the talk of reversing austerity, tearing up the bailout, and defying berlin as a compromise wa

draghi and just before he was due to meet with german finance minister wolfgang schauble. it is very dangerous territory here politically, in terms of changing the rules of the game. let's face it, the greek finance minister has essentially said he wants to negotiate in good faith with eu leaders and its creditors. the rhetoric so far has been fairly -- been fairly calm and considered. this action by the ecb sort of shatters that consensus. it brings short-term borrowing up to levels near 20%. >> what sort of state are the greek banks in? are they just taking on the weak point of the economy with this action by the ecb? >> i think what mr. varoufakis said a couple days ago that greece is essentially insolvent is not far from the truth. greek banks are reliant on funding from the european central bank. i think the ecb is trying to focus minds. the problem is that is not the ecb's job. the ecb is there to keep the money flowing while politicians sort out the final the -- finer details of any renegotiation package. we have quite a few days left until this bailout package expi

when wolfgang shoburt met ya yanne yannes. let's get this thank you very much alexander looks like both sides are unlikely to budge. in your opinion what option he are now available to greece's new government? >> well, i think they need really to do the first step that was the so-called trio can troika. the european central bank and start doing a more smooth bargaining with them. because for greece time is running out. they will need money towards the end of this month. and it means that they need to signal that they are willing to continue the missing reforms which were, again yesterday asked to be continued by the german finance minister. >> many people are asking, why should this new government in grease bear the sins of the previous government? shouldn't all debts be forgiven? >> ha ha that's certainly a nice dream, to all debts should be forgiven. that's not the solution. what's that's not the main problem with greece. the debt of the greek debt, has long term maturity. for the greek debt, discuss the maturity issues. wha

. >>> and now we'll get a look at the after-party the governor's ball iscatered by chef, wolfgang puck, a total of 16000 plates of food, can you watch the oscars here on 6 abc february 22nd. >> looks yummy it's thursday and that means tgit on 6 abc with all new episodes of "grey's anatomy" and "scandal" and "how to get away with murder" alicia vitarelli will tweet those shows all night long. the world is filled with air. but for people with copd sometimes breathing air can be difficult. if you have copd, ask your doctor about once-daily anoro ellipta. it helps people with copd breathe better for a full 24hours. anoro ellipta is the first fda-approved product containing two long-acting bronchodilators in one inhaler. anoro is not for asthma. anoro contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. anoro won't replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, or high blood pressure. tell your doctor if you have glaucom

wolfgang puck, people have been starving themselves for months. what's the reward at the end of it?> everybody gets the golden chocolate. so now we wrap them up and put them in a little box so we can take them home as a souvenir. >> do you enjoy this? it's a great event for los angeles. we don't have the queen coming for dinner or anything like that. we just have the oscars. >> reporter: the oscars cost an absolute fortune to put on. not just all this preparation, but the hidden money, the hundreds of thousands of dollars spent lobbying to attract the attention of the academy, which incidentally is more than 90% white, three quarters men, and an average age of over 60. >> if you look at the top categories of best picture, i think five of them are about white famous men. if you look at that there's no way you can even question that there's an inherent bias for people rewarding films that represent themselves. >> reporter: the winners are still under wraps, but soon all will be revealed and then hollywood can get back to the hard work. it's all uphill to next year's academy awards. >>

finance minister wolfgang schaeuble spoke ahead of the vote. he told lawmakers the four-month extension was just a way to complete the existing bailout successfully. >> translator: the decision is not about billions more euros for greece nor a change in the bailout program. >> some conservatives in the ruling bloc voted against the extension. they're worried greece might need even more financial help. germany is the biggest contributor to the rescue loans. >>> south korean president park geun-hye has appointed an aid who could influence relations with japan. she chose her country's former ambassador to tokyo as her chief of staff. the presidential office announced park had given the job of right-hand man to lee byung-kee. analysts say she chose him as part of her effort to rebuild her administration and regain public approval. lee heads the national intelligence service. he's said to be close to park. he's fluent in japanese and once taught at a university in tokyo. he was south korea's ambassador to japan until last summer. lee spoke in that r

as wolfgang schaeuble said, it is difficult for the german parliament to really get behind this packageforms given how much trust has been lost. people are skeptical frankly that the reforms the greek government is committed to will really produce the results over the next four months. will there be significant growth in the greek economy? will tax revenues increase? many in berlin doubts it. >> the greek finance minister said he used "creative ambiguity" to get the extension accepted. that doesn't really sound like a watertight agreement. >> indeed. these are the kinds of comments from athens that have politicians here in berlin really annoyed especially over the last couple days. mr. varoufakis also said he was thinking about possibly applying for another debt write-down, something that has been repeatedly ruled out. there has been a lot of trust between berlin and athens. and we have one opponent of today's deal even asking fellow parliamentarians would you buy a used car from varoufakis and tsipras? it is a strange climate despite the fact that the german parliament voted for the pa

wolfgang schaeuble, the finance minister, saying he is paving the way for the germans when his bank andhe austrian finance, positive results this afternoon. >> but it is all of this a sticking plaster solution meabh? will we have to revisit all of this again? >> that is a possibility. if not ruled out the possibility of a third bailout, but at least the lobby signature of a new greek abdomen and they will behold to prepare it together. the reality is it was positive this morning in brussels by greece have a long way to go. all focus is on finishing the first program. they are waiting on the second bailout, 7.2 billion euros, and they have to pass a fifth review of the bailout program. that has been on hold for months, and that is why they have not got any money. what we heard this money -- this morning is the implementation of the reforms, head of the eurogroup said it will take time to get the details added by new contracts for the greek authority, something that will take on for the next few months. it is baby steps. trust has been established, and all about talk and speculation has b

wolfgang schaeuble led the debate, who has been a top critic of greece, but is very pro-european and wanted to quell any skepticism among parliamentarians today ahead of the vote. he said this is a vote of solidarity not only with greece but also with members of the eurozone. he and other parliamentarians who spoke his morning in favor -- this morning in favor of extending the bailout said that germany has benefited most strongly from the euro, more than any other country, and that it can only continue if they continue to support other eurozone countries. the critics in the debate this morning said -- some members of the right wing said that this extension was not a solution and that they were just kicking the can down the road by giving greece more time. ultimately, these critics were outvoted and the german parliament has indeed voted to extend the bailout for greece. annette: the vote in berlin comes after police and protesters clashed during antigovernment demonstrations in athens late thursday. it was the first outpouring of antigovernment sentiment since the left wing syriza pa

next up for yanis varoufakis is a meeting in berlin with his german counterpart, wolfgang schÄuble. >greece has achieved more in the past years than the experts ever thought was possible three years ago. there is no denying that there is still a lot to do. but those who say that everything is on the wrong track haven't looked at the situation. >> despite these words, the german government's official staff remains tough. the german chancellor has ruled out the possibility of securing debt write-offs from creditor nations. >> the markets continue to keep a close eye on the efforts by greece to renegotiate the bailout deal and how investors view the latest on auction. our correspondent has more from frankfurt. >> for the first time since the new greek government came to power, the greek republic came to the money markets this wednesday. it auctioned off six months treasury bills. there was much less demand at this option that at previous auctions of that type. and the banks demanded much higher interest from greece than before. this shows how skeptical the financial markets are when it c

. >> finance minister wolfgang is attending the meeting of the finance ministers and there was supposedly call last night between german chancer and greek pm suggesting there is still a willingness to come to some sort of compromise here but we are seeing reaction in financial markets where the euro is trading lower just because there is concern that these two parties are not going to quite be able to meet in the middle. obviously as a deadline approaches which is february 28 when this current bail out program end, that is when greece needs this money obviously to pay back its debts, if no agreement can be reached that can be catastrophic in the short term for the euro zone and not as it currently stands the euro at different constituency and concerns in the market about the agreement we come to and it may be but it may be 11th hour situation. at the moment the more aggressive of the two sides is germany and some of the more nations like finland and rather than the greeks because we can see from yesterday a big sticking point was that the greeks didn't want an extension of the current pro

olivia: speaking of heaping praise, i thought that wolfgang schaeuble actually indicated -- reiteratedis offer to send tax accountants to at hens pro bono. [laughter] this greek drama gives rolling on. what is the timetable here? how long do leaders have to make a deal? when do greeks just run out of money? hans: so it looks like on monday we will have the next big meeting to really discuss this. at the end of this month greece will leave its bailout program. they want to leave the bailout program. the language they stumbled upon in the communiquÉ last night with that greece was going to extend and conclude their imf bailout package. what the germans want to do is keep them in the package as long as possible, make those necessary reforms. tom: hans nichols, thank you so much, and brussels with this continuing story. joe weisenthal has just returned from athens with perspective. the backdrop, joe that you know so well is the true poverty. not medieval poverty but just the new poverty. joe: absolutely. that is one of the striking things that i saw, not necessarily the poverty but the sen

you heard wolfgang you say that out of the bat and said that the greek government will have a difficulte selling this to voters. he may have a difficult time in parliament if we do not get specific tonight with the troika had a teleconference call on tuesday morning. what does greece do with labor reforms, pension reforms, and privatization. they are not going to be able to paste over the problems with cosmetic solutions. the bill will have to be passed by regional parliaments. i will be working -- looking for details. you could see the greek government come back from the pledge to higher the 12,000 who were laid off. what are they going to do about pension reform? they have a little leeway with the fiscal accounts and will be able to spend more. they have to abide by the bailout package. there will be a backlash in spain, portugal, ireland. the details are important. we have a conference call on tuesday morning. >> let's talk about the german politics. it is interesting to read the reports around the spanish approach. what do you make of that? >> it gives you a sense of the domestic po

until we hear from wolfgang schaeuble, and we have not yet.ll the germans received this? hans: you have to think of this not as the final negotiation but one step in what is point be a long negotiation for the next or month, so even if schaeuble is cautiously optimistic where they go and get this through, there will be another fight in april, there can be another one in march. in april is when the real money gets disbursed to greece and at that point we will have another conversation about what greece is doing to reform their economy. brendan: hans, there were three words i did not see in a stress from greece "primary surplus ratio," the measure of austerity that is a contention. is there any note of what schae uble is willing to accept echoh ? hans: they've indicated they will give some flexibility. a have not given us a hard number. you need to factor in future tax receipts, and those taxers these are going to be coming down, too. there is a lot of modeling on that number. that seems like an easy place to get to. you say 1.5%. the harder thi

german's finance minister wolfgang threw some cold water on optimism, saying the sides are still farpart. the creditors cannot negotiate something new area apple completed its first bond sale in switzerland, and raised 1.2 5 billion swiss franc. apple taking advantage of record low borrowing costs across the country with bond yields headed to negative territory. apple has tapped into 39 billion since april of 2013. -- borrowed to pay for vivax and dividends $158 billion overseas cash pile. goldman sachs says it hired just 3% of the 267,000 people who apply for jobs that goldman sachs. the ceo called goldman sachs the employer of choice in the industry. the bank is breaking out numbers for fixed income trading with interest rate products generating 90 percent of the revenue in the past five years. space x is securing leasing rights, the first-ever landing pad at cape canaveral not a takeoff pad. companies like asus x, it says it will transform the missile launching site and landing pads for rocket boosters. the agreement was for five years and now it is set to you -- prove it can land

wolfgang schaeuble seems to be still playing poker.ne should say, they have actually taken a step. i think this is actually the start of the negotiation process. i think that behind all the rhetoric, the political noise the two sides are coming closer together, and i think that most people in german government accept that this is the start of negotiation. >> yesterday morning, there was no meeting today. maybe varoufakis and the greek government got what they wanted. when they sit around that table, talk to me about who has the leverage. is that a problem for greece or the whole of europe? it is certainly a problem for greece. there's no doubt about that. in terms of europe, i think it is less of a threat than it was in 2012. the rest of the european banking sector are less exposed to greece. contagion has been very limited. that could change if greece really looks like it is heading for the exit. i don't think we should underestimate the risks. they look less than they did a couple years ago. jonathan: a lot of people talk about how t

chef to the star wolfgang puck is putting his touches on the the "d" event cata the menu. neil patrick harris has experience with shows but this is different. this is just isn't about who walks away with hollywood's top prize, step aside oscar this is fashion's biggest night. >> what people at home don't realize how much effort goes into one look. >>ment pressure is on and the stars are pulling out all the symptoms to wow on the red carpet. mary bruce abc news, hollywood. >> alicia vitarelli is in hollywood with live reports all weekend long and all over social media. check her out. 6abc is your home for oscars. it starts tomorrow night at 7:00 a.m. go to watch abc.com to see behind the scenes video and if you have a verified tfer supplier, you can watch oscars live. >>> the search for answers is on after a massive fire at one of the world's tallest sky scrapers chris? >> reporter: it's snowing as far south as the carolinas and the virginias. that moves into our neck of the woods later this afternoon. i'll have the latest time line and projections when we come right back.

wolfgang sheubler said he hadn't any grounds for optimism, hadn't seen any movement on the greek side. the french president francois hollande today also failing to deny a report that he apparently said a greek exit from the euro zone is something that europe is prepared for. the greek vice president saying, we are determined not to be treated as a debt colony. the lines we presented as red will not be crossed. all sides came to the meeting today sticking to their guns, apparently not ready for a compromise. this is where we still are jane. >> right, clearly so much at stake. talk us through what you think is going to happen next. >> well, at the moment, as you know the greek government isn't allowed to sell more debt on the market. it's not allowed to issue more government bonds. its funding has been suspended because the greek side has said it no longer wants to cooperate with its bailout program. so the funding program is over. the greek government only has tax revenues, in order to live off, at the moment. and sooner or later, those will not be sufficient for it. both to sustain pu

wolfgang was a key player in the negotiations five years of austerity for greece, and he wasn't abouto let greece walk away. he said they'd agree to disagree. i cannot hide my skepticism about some of the actions announced by the new greek government, even though my colleague told me they are not confirmed yet. in our opinion, they are not moving in the right direction. >> if he was disappointed he didn't show it there was simply the beginning of deliberations that would put an to end the crisis. >> we didn't reach an agreement, it was never on the cards that we would. we didn't even agree to disagree. we agreed to enter introduce deliberations as partners with a joint orientation toward as european solution for european problems. frees' new prime minister is and his finance minister have visited key figures and institutions this week, lobbying for a plan to reschedule greece's enormous debt while holding firm to their conviction. the response has been lukewarm. in frankford on wednesday the european central bank announced it would no longer accept bonds as collateral for loans to gre

i guess wolfgang said a lot over the last couple of weeks. what do they really want?a plan? i think the greeks know what they want. are they putting something new on the table today or is that the expectation? >> that's right. the ecxpectation is this is a big decision day tore greece and the government -- for greece and the government will try to extract from the finance ministers by asking for a six month extension. not the full bailout on the table but something to allow the greek authorities to negotiate more flexibly on the condition conditionality attached to six months. having said that this is an important day, as it happens the tactical decisions on the european central banks, the emergency liquidity assistance program that is a lifeline for banks also due today, without agreement of authorities to give an affirmative decision it is important the greek side is seen to be doing something. what's unclear for the markets is what decision we get at the end of this. after all, we're 10 days away from the end of the agreement with the eurozone and we're potentially

in fact the german finance minister wolfgang schauble has acknowledged that members of the german parliamentult decision but he warned them that not approving the deal would do great harm. i'm wondering, the germans have been quite skeptical up until this point. so what do they do now? >> the numbers in the german parliament were overwhelming but the enthusiasm certainly was not. there are more concerns. and mr. schauble himself, the finance minister has his own doubts about -- he's particularly concerned about whether greece is going to deliver on the economic policy premises that it is going to be negotiating over the course of the next few months. >> four months of negotiations and with a view to producing a new program with more financial support, or at least the dispersement of the financial support has already been agreed. but haven't been handed over to date, and economic policy commitments, which the germans certainly want to be pretty much in line with what the previous government agreed to do. >> just quickly, they could have a battle. the first anti-government protest. because peo

wolfgang schaeuble yesterday lost his cool, not because he spoke against the greek government, that is his right, but because he expressed himself in a derogatory manner for the greek people. i would like to point out to him that it would be better to pity those who walk with their heads low and not pity those that held their heads probably high. amy: if you could talk further about what alexis tsipras is saying, and also where he comes -- work -- where he comes from, the significance of him being prime minister now. paul: this was a guy that was a far left communist in the 1980's, and although he is moderating his positions, he is trying to run a swedish or scandinavian style social democracy right now. the background of these guys is marxism. the next thing to understand is what people in greece field -- the 36% never voted for this party, and the other 10% devoted for other parties are feeling there is a social and psychological revolution going on. it is not just about the election. my day job is to be a news reporter and every day i sit down and look at cameramen shooting what loo

on a final note briefly, a lot has been written about the personalities, the greek preissing and wolfganggerman finance minister not two men who would normally see eye to eye. do you think that dimension matters, the personalities at play when it comes to these nit nitty gritty negotiations? >> i am not certain the greeks have gone it absolutely the right way in terms of negotiations but remember it was difficult before with new democracy. we have no no, no. and in the end, the germans did what they had to do for the euro eurozone when chancellor merkel played a softer person in these negotiations. personalities matter but they weren't the crucial aspect of this decision. >> we will see how it develops vicky pryce, thank you. >>> a second credit agency has downgraded russia's credit status to junk. mood moody's sites the falling rubal and low oil prices as the reasons behind the re-assessment. the agent see expects the russian economy to go into deep recession and contract by up to 5%. standard & poorz downgraded russia's stat under the circumstances to junk last month. the moody's downgr

. ♪ [music break] >> string quintet number 4 in g minor, composed by wolfgang amadeus mozart.s is democracy now! democracynow.org, the war and peace report. i'm amy goodman with aaron matÉ. >> we turn now to texas where up to 2,000 immigrant prisoners have staged a two-day uprising. it began friday at a privately-run prison in willacy county to protest inadequate medical care. after refusing to eat breakfast, prisoners seized control of part of the prison and set fires. video shot by kgbt in texas showed a large group of prisoners in the yard, some climbing and shaking the prison fence. guards reportedly used tear gas to quell the protest. federal officials have since deemed the prison to be "uninhabitable" and are moving the prisoners to other facilities. critics have described the jail as "ritmo" -- short for raymondville's guantanamo -- or simply "tent city," since most of the prison population sleeps in massive kevlar tents. in a report last year, the aclu described living conditions as -- "[not] only foul, cramped and depressing, but also overcrowded." >> the willacy coun

speech suggesting that it was little greece playing a bigger role in europe now and, of course, wolfgangaeuble, the german finance minister say it's over for greece if they don't complete on what's the agreement that's already on the table. this is the picture in brussels a few moments ago as those 19 gather along with, of course, the head of the ecb and the head of the imf. deutsch bank doesn't feel close enough for them to midnight to do a deal. there isn't sufficient stress in the market to push them together. as far as the greek banks are concerned we're in negative territory. the banks going up and down, small market caps, fitch and s&p have warned on their liquidity situations as a result of potentially people withdrawing further funds from the greek banks. let me show you the timetable because a lot of people don't think we're going to get a deal today. this is what's happening in europe. the finance ministers meeting with greece now and the ecb and imf. tomorrow the leaders from across the european union happen to have the summit that kicks off at 6:00 a.m. our time, new york, ti

yes, german finance minister wolfgang is attending the meeting of finance ministers and supposedly therehone call last night between german chenser and greek pm and a willingness for compromise but we asked the financial markets today where for example the euro is trading lower because there is concerns these two parties may not be able to meet in the middle. as deadline approaches which is february 28 when this current bail out program end that is when greece needs this money obviously to pay back its debts, if no agreement can be reached that can be catastrophic in the short term for the euro zone and not as it currently stands and it will be a different constituency and there are concerns that no agreement will be come to it may be but it may be 11th hour situation. >> who will make more of a compromise? >> elbow with -- well that is it, the more aggressive of the two sides is germany and more nations like finland, rather than the greeks just because we can see from yesterday a big sticking point was that the greeks didn't want an extension of the current program but they actually hav

minister yanis varoufakis came away with very little from his meeting with his german counterpart wolfgang schaeuble on thursday. germany remains the strongest opponent among eurozone countries to the greek's government plan to renegotiate the terms of its bailout. if economic arguments don't work how about emotional or historical ones? in an interview with german television mr. varoufakis compared greece's plight to that of germany. if you human late a proud nation for too long, and subject it to the worry of a debt deflation crisis, without light at the end of a tunnel then things come to the boil. well let's get a little more on reaction from our correspondent in berlin damon mcginniss. what reaction has there been? >> well what we can say, is that today's papers is all about mr. varoufakis because he has pretty much a cult following here in germany among left wing supporters and trade unions. what's very interesting about these particulars historical analogies he made on german television yesterday is there's been very little outrage as such. while there's a feeling here it's just not

wolfgang schauble yesterday, in particular, very abrupt and disdainful about the greece proposal. and angela merkel by the end of the day, her office say, yea, had a good chat with the prime minister. is this about game playing? to what extent -- what is going on with the germans? >> it's certainly being seen that way, to an extent. but i think that also reflects a dichotomy in how this problem is being seen. if you look at it from a purely financial point of view, there are lots of people who say greece should not be made an exception that would have dire economic consequences to the image of the eurozone. if you look at it from a geopolitical point of view it can be quite different. the consequences of forcing greek out of the euro could be huge. that could also affect how the eurozone is seen and how it operates and its stability. so i think there is two very different perspectives that may be symbolized by those political leaders and those financial leaders. >> lucy thanks very much for that. obviously, we'll keep across this story as it develops out of brussels there. also wa

german finance minister wolfgang schaeuble said a report the greek will get a six-month extension toff their debt is fall according to several wire reports. temper sele bouncing back after h partners disclosed a 10% stake in it. h partners says the stock is undervalued. facebook launching free mobile internet service in india making it the first country in asia to get facebook's internet.org service. it's aimed at low income and rural users. are you missing your nicorette lots zennings. they issued a recall and then stopped making them and that has upset a lot of followers. according to the "washington post" that is. no word on whether the company will start making those again. coming up tonight on "mad money" jim cramer interviews ben baldanza 6:00 p.m. eastern time on cnbc. that's your news update for this hour. back to you, carl. >>> thank you, sue. your car might be vulnerable to hackers according to a new report by senator ed markey which says almost all cars on the market include wireless technology that makes them susceptible to an attack. here to tell us his solution is senat

liz: serena williams, wolfgang puck, wendy williams, just a few celebrity names that turned to hsn toeir products. why did they do it? because consumers absolutely love it and numbers show. last year the company had 16,000 new products and more than 47 million shipments. up next hsn will be putting out a cinderella inspired collection. ahead of the movie's release. what else can we expect from hsn this year? joining us in a fox business exclusive, hsn president bill brandt. 47 million things that were shipped. that seems like a great sales number, right? >> absolutely, liz. we're proud of the work we're doing at hsn the results speak for themselves. we had a record-breaking year last year. we reported earnings this morning. our customer is engaged, showing up and shopping. >> surely you have guys buying a bunch stuff. >> we have a few guys. mostly women. 90% of the customers are female. catch herself with she and her. go along with me, this woman is engaged consumer, she is a smart shopper and loves what we're doing at hsn. liz: i look at hsn, you could go on there, and i did, especia

wolfgang puck is putting the final touches on his decadent menu. and all eyes are on first time academy award host neil patrick harris. >> have you started working on the show yet? >> that happens in a couple days, right? >> he has plenty of awards show experience but the oscars are different. >> a who's who of hollywood as well as millions of people at home will be watching him. >> this isn't just about who walks away with hollywood's top prize. step aside, oscar. this is also fashion's biggest night. >> what people at home don't realize is how much effort goes into one look. >> the pressure is on and the stars are pulling out all the stops to wow on the red carpet. >> now, this is where it all happens. in just 48 hours, the stars will be here on the red carpet and you can really feel the excitement starting to grow. everyone wondering who will take home that top prize. live in hollywood, mary bruce, abc 7 news. lee an -- leon and alison? >> alison is jealous. you're sleeveless told. >> nice and warm. >> you can watch the oscars sunday night here

did alexis tsipras the group prime minister blink or will wolfgang schaeuble, the german finance ministersoften his stance? here to help us figure it out is david powell. he joins us from london. great to see you. it looked like after monday's talks fell apart that greece and germany were once again on a collision course. is it fair to say that greece swerved first? david: greece certainly had to make the first move in terms of requesting another meeting before friday. if there were no meetings, things would fall apart. you could say they have blinked first in that sense but they have not given in if you look at the wording day requested. olivia: the wording is controversial. what is the difference between an extension of the bailout and completion of it? david: with the greeks semantics matter. the government came to power promising to get rid of the troika. they do not like they were troika. the eurogroup has stopped using it. instead they say the ecb imf. they do not like the work program. they requested an extension of the current loan agreement. there is not a program there. when the