at toro company monsanto. if a bruise, the $66 billion -- after a short break i will be back to take you through the day . i hope you can join us for that. see you in a few minutes. ♪ [captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org] xx ♪ >>> yangon, the capital of myanmar. one local civic group is known for its

it could be monsanto. let's talk about what has been crossing my bloomberg over the last few minutes. monsanto's management board met yesterday on the bayer bid. the result could depend on the vote today. we could see an announcement on a deal as soon as today. the blood center management board has supported the improved offer; we understand that we were moving wrong, that the offer was around $129. we heard that around $130 things would get interesting. let's see if we can bring you up a bayer chart. we'll talk about monsanto later on, because it is trading well below the current price. let's see how they are doing. around half of 1%. i'm going to bring up -- i just feel we should do this now, to show you what's happening. we are currently trading out one of 6.10, so we have a big gap to close. let's show you what's happening and what's going on around europe, we have a more benign environment with the stoxx 600 up by 3/10 of 1%. let's find out which stocks are moving with nejra cehic. nejra: moving downw

it is prepared to offer a 19% premium to monsanto is last -- monsanto's last close in new york. in july, it rejected the $55 million bid from bayer saying that it was inadequate. president obama has canceled a meeting for best with the president of the philippines after that president released a warning against the u.s. interfering in its war against .rugs inwas due to meet obama asean. >> i am a president of a sovereign state. we have long ceased to be a colony. any -- i don't report to anyone but the filipino people. you must respect may. -- me. the man responsible for fromiating britain's exit the european union says there will be no delay in leaving the block. david davis said the people of the u.k. had given a clear instruction to leave the european union. >> the prime minister has made clear that there will be no attempt to stay in the eu by the back door. no attempt to engineer a second because some people did not like the first answer. christine: global news 24 hours a day powered by our 2600 journalists in more than 120 countries. this is bloomberg. back to the brexit s

he's here and so are the ceos of bayer and monsanto. why they believe they can convince the government bureaucrats to say yes? >>> plus, trump versus the other clinton. president clinton filling in for hillary on the campaign trail while she's out sick. our political panel tells us if her high-powered stand-in can stop trump and the cringeful colin powell e-mails that just came out. >>> the dow fumbled a significant gain, we'd be lower if it weren't for the sweet sales and rocking review of the iphone. the dow is down 11 points, let's start the "countdown." >>> breaking news here, the market pendulum is swing all over the place at this hour. from the sea of red, 24 hours ago, that the very moment to a field of green and kind of a wild time for investors. where will stocks land today? with less than an hour for the closing bell, the dow is struggling to hold onto gains, the s&p and the nasdaq are in the green barely. the s&p up 1 1/2 points. as i said the dow down 10, the nasdaq better by 25. we have to blame oil for all of this. the cru

bayer buys monsanto in the biggest takeover of 2016. creating an agricultural conglomerate that could reshape the farming industry. >>> hitting the road. if you're in pittsburgh, you can get an uber car that drifz itself. >> ae way to raise funds for supplies. those stories and more tonight on "nightly business report," september 241th name the biggest takeover of the year. bayer buying monsanto, the price tag $56 billion. but getting the deal done was not easy and won't be. bayer came calling not once, not twice, but three times before monsanto agreed to be acquired and each time the price tag increased. today's deal came in at $128 a share. and that sent shares of monsanto slightly higher in the trading session. the takeover will create a conglomera that operates in pharmaceuticals, health care products, pesticides. so it still needs regulatory approval, and given that monsanto is the world's largest supplier of genetically modified seeds, the combined company would be a power house that could reshape the farming industry. hampton pea

bayer sweetening bid for monsan monsanto. crops manufacturer is now willing to pay $127.50 per share for the world's largest seed company or more than $65 billion. that's up from its previous offer of $125 per share. there has been a lot of activity in the farm supply industry. rejected takeover from monsanto and agreed to be bought by chemochina this year. in the process of trying to finish $130 billion merger. we'll see if bayer and monsanto or next. >>> in the other news, vo volkswagen is in talks to buy a stake in navarrete star. vw plans to pay $16 a share or more than $200 million and will supply engines to navistar. this is an effort by vw to gain foothold in the u.s. the potential deal comes as the financial burden of developing new engines to meet emissions standards has many car makers pursuing partnerships. get two seats on the board that includes active investors carl icahn who controls 20% of the company. >>> travel problems for air passengers in britain today. first a computer glitch hit british air ways check i

francine: are they overpaying for monsanto? you are seeing so much consolidation it is one of those real asset flush outs. sam: if the company is serious about billing its business this building its business in a fast way -- building its business in a fast way, the margin profile, this is the way to do it. is it overpaying? thatu go by the multiple can china is paying for syngenta, that is not the case. that's whatat is it is in it for bayer? -- what is in it for bayer? for we would like to see the confusion would be if you call it health care, by the end of the day, pharmaceuticals, animal health or consumer health, they don't necessarily fit together. we think this has got to be something that is got to be a part of the longer game. probably quite positive for shareholders. francine: sam facility from bloomberg intelligence going through this new deal. i know will get a whole lot throughout the day. up next, the big debate. we'll hear from olli rehn. we'll go back to stephen king .nd mr. adam posen we will be asking them whet

monsanto's last quarterly numbers were quite weak. they are saying even going up to -- premium above22% the closing price of monsanto on tuesday. is that gap going to close? a deal is reached, that gap will close. will it disappear? no. you mentioned antitrust. we've seen two other megadeals in this case. those need to be approved as well. people want to see how it plays out. mark: talk to me about this breakup fee. that seems big. >> i think the concern is monsanto kept pushing back on the topic of, we don't want to enter this deal with that much risk unless you help us with a safety pin. thinkup to $3 billion i sends a signal, we are confident we can get this done. that is why we are willing to offer this. mark: off your head, i'm going to put you on the spot, can you remember bigger breakup fees? >> we've seen some sizable ones. deutsche telekom a couple years back agreed to sell their u.s. unit and i want to say there was something like $5 billion. we have seen these before. chem china syngenta also had a sizable breakup fee. mega

in july, monsanto rejected the bid. barack obama has canceled a meeting with the president of the philippines after the philippine president released an expletive and the war on drugs. andas due to meet obama offered the u.s. leader some bolded vice. advice. >> i am a president of a sovereign state. we have long since to be a colony. i do not have any matter than the filipino people. do nott be respectful, just throw away questions and statements. the man responsible for negotiating britain's exit from the european union says there will be no delay in i leaving. u.k.id the people of the included clear instructions to leave the eu. >> the prime minister has made clear there is no attempt to stay in the eu by the back door, no attempt to delay, frustrate the will of the people. no attempt to engineer a second referendum. because some people do not like the first answer. tooline: the airways plan have conversations with rolls-royce with more than a dozen flights last month finding broken turbines on three aircraft, accordi

bayer is taking a close look at monsanto's book. nicole: apple unveils new iphone tomorrow but maybe with less than fanfare tomorrow. the report says they won't likely have new ground features, apple plans new radical changes for the iphone-'s tenth anniversary. iphone 7 is expected to look like 6 and closed on friday at 107.73 a share. more than one report says iphone headphone jack will be replaced by a second speaker on the bottom of the phone. we are going to hear as well as watch. i think we will hear a lot from report from apple tomorrow. lauren: we will see. i can't wait. i want to be wowed. i think a lot of people do. british airways and passengers are reporting delays and long lines. itt teams are working to fix the problem. atlanta, chicago and boston and this morning passengers arriving in europe are also reporting delays not the first certainly not the last airline to recently report a system causing delays. nicole: volkswagen expecting to open that it plans a big stake in the company. the move will give vw loophole in t

david, you talked about monsanto and bayer. >> i did. >> monsanto will not want to go against bayer wants being the same creating new seats but pvh almost has an antitrust issue on shirts and ties. >> they have so much of the market. >> don't forget they have tommy hilfiger and calvin klein. no one has a better look at macy's than pvh. i like this call. i think it's a good call. better than last year's delivering alpha call. >> we'll see how yesterday's delivering alpha call -- >> dangerous. we got to put high voltage signs up. >> yes. >> this is called the third rail -- delivering third rail. i mean, you ever see the third rail? >> we spent a lot of time on it yesterday, jim chenos coming out talking about tesla. corporate governance we've also focused on here in that solarcity deal. but beyond that, jim, we had some pointed questions for him and he came back, stock is up today. but it is favorite of the hedge fund community. >> solarcity has had -- there's been a big downturn in that solar business since this deal was even announced. that's obviously not what he was talking about. he's

. >>> bayer closes in with a deal with monsanto edging up its deal towards the $130 a share mark that monsanto that been hoping for. >>> the uk government is on the cusp of approving the hinkley point power plant deal. >>> and jean-claude juncker says brexit will not take a toll on further integration. >> translator: allow me to state here and today that we respect and at the same time regret the uk decision but the european union as such is not at risk. >>> good morning, everybody. welcome in. you're watching "street signs." good morning. >> good morning, how are you? >> superment. >> did you survive the hottest day of september in 50 years? >> so hot. >> really hot. >> today is another scorcher. >> is it? >> yeah, us northerners, i guess i count as a northerner. >> i guess so. >> anything above 10 degrees you start to overheat. >> especially in september. >>> no overheating on the markets. we are flat, a couple points higher now. we crawled up ahead of the market open and hanging on to slight gains. this is mirrored in our main european equity markets and trade. looking at a pretty

>> carolin, also on the agenda is bayer's deal for monsanto. will they finally get it over the line? >> hopefully. this deal has been in the making for months, this is now the fourth time that bayer has had to raise that offer. people close to the matter say it will be closer to $130 a share. monsanto is widely expected to have accepted that, even though they were originally pushing for a much higher price, 135 or 140 even. reports also saying that bayer's supervisory board will meet today to seal a tie-up and takeover. that would create the biggest ag supplier in the world. it's also worth noting that the breakup fee has been raised to $3 billion that tells you monsanto has been pushing for protection if the deal pushes through for competitive concerns. >> carolin, thank you very much. >>> still to come, the morning's top political stories including donald trump preparing to release some medical information. we'll tell you what dr. oz has to do with it. stay tuned. you're watching "worldwide exchange." okay, so what's our latest data say? our

you need $130ht if you are going to get monsanto to say yes. david: a raised the bid but the market does not seem to be believing this deal. i think it is a 90% premium. what is going on? caroline: we are seeing way off the current market price. we are seeing currently trading at about $47 billion market cap for monsanto. $56 billion is where this deal currently is and the market does not buy it. why the risk? agreement,do get an what about the regulators that come in? what about the lawmakers? are we going to be able to get a feel through those regulatory hurdles? we have do pound down going for regulatory approval, syngenta being snapped by chem china. berlin,aroline hyde in i do not think that story is over yet. jonathan: monsanto probably once a little bit more money and you have the regulatory issues. that is a big question for the corporate world. let's switch to central banks as the ecb meets paul gordon. he joins us now. the ecb decision on thursday, a wide consensus is at some point they are going to extend the qe program until her nos

germany's fire by in usc company monsanto for $120 share. they were indicating a 2% to 3% jump before the deal was announced. the higher one of a range right now. 128 a share just announced. they came down upon a time. the annual investor day. shareholders as ceo mark fields by the carmaker is getting into the ridesharing business. >> the beauty of this that allows customers to actually have the shuttle come directly to them as opposed to mass transit. nicole: will have added more stocks to watch. we are watching the markets as well. "fbn:am," your first look at morning markets and breaking news. ♪ when it comes to healthcare, seconds can mean the difference between life and death. for partners in health, time is life. we have 18,000 people around the world. the microsoft cloud helps our entire staff stay connected and work together in real time to help those that need it. the ability to collaborate changes how we work. what we do together changes how we live. before it became a medicine, it was an idea. a wild "what-if." so scientists wen

monsanto bader. jonathan: why do we still have this massive spread between the offer on the table and the share price currently? david: $27 difference. alix: some regulatory fear. that was the key number that came out of that. you have a lot of deals. investors not capitalizing on that in the market. jonathan: following the action on this particular deal. the input from analysts across wall street in the city and from our reporters right here at bloomberg. we will be discussing the fed and investing strategies for a low rate world. first have a look at the markets. you had weakness over in asia and a little bit of stability in the u.s. jonathan: you've got three days all at once. futures at the moment not signaling much price action. in europe a decent bid on the ftse. up.dax performance half the bloomberg pretty much changed on that day. withe commodity market chinese credit growth starting to pick up again. the proxy for chinese growth is still copper. the real conversation revolves around this ass

monsanto refused for a second time. now, they have come back with an offer of almost 66 million dollars. it would become the largest ever agricultural takeover. not everyone thinks it is a sweet deal. critics leave it could lead to genetically modified products and higher seed products. let's turn now. jose, what are you hearing there? >> it seems the two companies are closer than ever before. that said, experts still think that monsanto will not accept an offer lower than 130 dollars a share. there is also some skepticism related to these concerns but it should not be hard. >> i would like to take us back to full flag and -- volkswagon. what is the thinking behind that deal? >> it serves as a major vote of confidence with an agreement of supply chain freeing up hundreds of millions of dollars in cost savings. let's not forget that they invested billions of dollars in diesel engines that did not win the approval of the epa. the maker can use it to manage its $5 billion deficit. as it -->> pose a, thank you very much for

the ceo and chairman of monsanto, congratulations. is going on in the farming space, the agricultural space, that is forcing these kinds of deals? your deals are huge. in the space on that is making these deals necessary? >> one thing that is most important to see is what is needed in addressing and never increasing demand for more outputs and more yields. only way that can be done is with better in innovative solutions that can be developed. we share an intuition we talked about that you happen working on that theyears, culmination of both companies what we bring to the table with chemistry and what monsanto brings to the table, yunnan x, greatlytics, would be a -- to help address this. ? trying to do more with less. basically. >> they have to do this in a more environmentally sustainable way and you can only address it with that are solutions that are not available today below we're working on tomorrow. >> i have had these conversations. in some ways, a year before you're talking about trying to do a deal with syngenta. do you feel

bayer has clinched a deal to take over monsanto. the deal is valued at $66 billion, the biggest merger this year and the largest foreign takeover by a german company. if the transaction is approved, it will create the world's largest supplier of seeds and pesticides. jeff mccracken spoke to the ceo of both properties today and he joins us now. something you have to the ceo of monsanto about was the name. monsanto is an and that is politically fraught in some quarters. let's hear what hugh grant had to say. less ahe key in this is name than the products developed. we haven't actually talked about that but i would be open. bigger things to solve in this. david: bigger things to solve, the name is not paramount. jeff: it's interesting. i'm not sure i believe them, but he is basically saying he is open to the monsanto name going away, which is investing could guess been around since 1901 -- it has been around since 1901. not sure americans will cry that there is no more monsanto. not like coca-cola. the name in europe is almost seen as

above the closing price of monsanto in new york yesterday. spokespersons for both companies declined to comment on the new proposal. the resources for the world's most popular beer is considering a bid for sab miller's central and eastern european acid. valued at about $6 billion, according to people familiar with the matter. they say the process is expected to start next month, after sab's miller deal with in bed closes.chinese resources have declined to comment. warren buffett had a $1.4 billion white from his fortune, falling percent yesterday berkshire hathaway fell 2%. at the same time, wells fargo lost position as the world's most valuable bank to jpmorgan. the share price has been hit by revelations that employees opened more than 2 million accounts without client approval. samsung without a software update to south korea that caps the capacity of the galaxy 7 battery at 60%. it is a stopgap measure to prevent overheating, as the global recall continues. the unusual move announced on the first day of a major national holiday reinforces

we heard from monsanto saying we are looking at other offers. who do you think the biggest contenders are. >> bsf is still there. i think there's really only all few small ones. the interesting thing is going to be strategical turn offs like spinouts and joint ventures. those may come out rather than pure nma. >> do you think bsf could come back with a better offer or is that dead in the water. >> we can never say never. >> thank you for that. managing partner at nova. >>> let's bring you a check on oil prices. crude continues to trade higher. seeing brent pair back slightly. wti really pushing higher, 1.3%. bit of a divergence there. this comes after russia and saudi arabia pledged to cooperate in a bid to stabilize oil markets yesterday. however prices did draw back from monday's high. skepticism as to whether or not the two oil joints will be able to reach an output deal. in the hours after the cooperation pact was announced, told domestic media a rebalancing of the oil market would benefit all participants. 50-$60 a barrel would be fair for

german chemical conglomerate bayer, has bought monsanto. approved byif regulators, would create the andd's largest seeds pesticides company which may not be an easy hurdle to overcome. has already been a lot of industry.ion in the >> third time's the charm. seed and pesticide giant monsanto accepted pharmaceutical wednesday as this the global agricultural industry changes.oing massive in the past year, sin genta was china whiley chem dow chemical merged with dupont, consolidations that experts say cropriven by falling prices as farmers are cutting back on buying seeds and andistry like herbicides pesticides. >> this sector has been in the process of transformation for quarters of a year. deals by companies fourhere are only three or left. reporter: monsanto has been struggling. showed aerly report drop in income compared to the before. gain.yer is betting on a >> we are committed to solving of of the biggest challenges society, how to feed a massively in ang population sustainable manner. reporter: if the agreement get the green light from

fox business way ahead of the bayer-monsanto deal. ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. >> when you say managers of managers, how high up did this go? did it go up ceo? >> some of that is still being determined. by the has been acknowledged by the bank that firings of employees included hundreds of people committing fraudulent acts with accounts and people managing those people and people managing the managers. anthony: temperature the escalating wells fargo scandal could go all the way to the ceo's office. it was a scheme to generate fees and meet quotas. the bank is paying a fine to settle the case but in doing so without admitting wrongdoing. but word is the feds are investigating. wells far go ceo john stumf says the blame is on the workers, not the bank. charlie, this is not a surprise. this is a culture of these banks. is it not? cha

bayer has announced that its long anticipated deal to buy monsanto is now something that monsanto is accepting. the transaction is accepting $66 billion in cash. that comes out to $128 a share. the ceos of both companies will join "squawk on the street" to talk about that later this morning. also we're watching shares of cracker barrel this morning. not enough biscuits and gravy on the bottom line which missed by a penny a share. revenue, however, did beat the street's expectations but the current quarter outlook also falls short of expectations. the stock down by just over 2.3%. >>> and you've heard of self-driving cars. now get ready for the self-driving cart. more specifically a shopping cart. walmart was recently granted a patent for a device like this that could theoretically be summoned through a smartphone application so if you thought the aisles were dangerous before, just wait. >> i can't follow up on that. >>> we are just seconds away from import prices. rick santelli standing by at the cme. the numbers please. >> we are down 0.2% from a month over month perspective. we're

the idea of the monsanto transaction. to give you scope and scale, bayer, 115,000 employees. 23,000., that gives you some scope and scale. the real news is the bid, 90 to 106 228 takes monsanto back near 2007, 2008 period as well. it really fuld into our fed debate. mr. tenenbaum is with the northern trust company, a former president of the national association for business economic meetings. we get lucky on the monsanto transaction, the best analysis of profitability in the american economy. steven wieting is with citigroup. what is the state of profitability in america? are doing the broader asset analysis with citigroup, but you earned your stripes on profit analysis. america is profitable right now, right? en: most companies are, have grown a little, grown profits after a long run of dragging profits. it is dissipating. i think that we are going to be seeing a mild further extension of the profit cycle. tom: you need to work day in and day out with the cautious views of willem buiter on nominal gdp. when you see trans

has sweetened its takeover bid for monsanto. they are in advanced talks to what would be the largest deal ever. ewen cameron watt is still here. this is a huge deal because monsanto is so valuable and one of the only assets left in this kind of consolidation that may be bayer is willing to overpay. sure andy, i'm not so when we had first written about this deal in may people were talking about $135 animals $150, and this seems to be an they are willing to go but people are asking could this go hostile? francine: where this go through if they were hostile? ruth: analysts are speculating there is only a 50% chance of the deal going through with the approval then he to get from lawmakers and antitrust officers. beng hostile is not going to easy but that seems to be an option on the table right now, that is the understanding we get. tom: is there somebody else out there? would like us to believe there is somebody else out there and they have been saying they have strategic alternatives and other approaches. a little while back we ha

bayer sweetening its offer for monsanto to $127.50 a share. the shares this morning as you can see monsanto up slightly. it's now looking at $108.25 which tells you a bit about how the market is skeptical about this deal. nowhere near the offer on the table. we had an analyst on earlier who says they think they are still high hurdles for any of this to get accepted. bayer shares up this morning by about 21 cents. >>> also enbridge is buying spectra energy in an all stock deal worth $28 billion. spectra shareholders will get just under one share of the combined company for each share they hold at this point. that creates the largest in north america. >>> and danaher. that is a 54% premium over the closing price. and cephuid shares are up. >>> and voex kag bonn taking a stake in navistar. phil lebeau joins us with special guests this morning. >> thank you. i'm here in illinois with troy clarke of navistar. and the head of volkswagen truck and bus division. let's start with this deal. we'll explain it and make you can give importance of this. $25

liz: monsanto is down. >> put monsanto up. tell you why this is interesting. up above 108. why isn't it up above at least 127 you have to ask yourself because the latest bid. liz: commodities are in trouble, some of them. >> that is part of it, i think a bigger reason why, the arbss trade this stuff whether a deal is happening, for you investor, professional investors are saying not so fast on the deal, even if they announce terms they have to get it through the eu and u.s. regulators. it is still not a done deal. liz: we know the u.s. regulators jettisoned staples and office depot which is unbelievable. now both companies are struggling. you want them to go out of business? >> e.u. regulators held up the deutsche boerse and new york stock exchange deal. liz: and comcast, time warner. >> this is not a done deal when they announce it. i can't tell you it will definitely happen. my sources say progressing strongly. they think next week could be, that is when the announcement is coming. you never know. liz: start speaking german. >> you know what? pay attention to foxbusiness.

stuart: monsanto is only at 107 liz: correct. stuart: that's anti-trust problems so you think it won't happen? >> possibly, yeah. stuart: todd horowitz come into this. we say that monsanto is one of the most hated companies because of the genetically modified seeds, and roundup, et cetera, et cetera. >> they're hated by everybody, they're not welcome-- did you mention monsanto on a firm, they're going to come at you. they're not welcomed by anybody there. not the greatest operators when it comes to the average guy. so they do a lot of damage to people they shouldn't be doing damage to so they're not well-liked. not well-liked in the neighborhood and this deal will probably not go through because of that. stuart: another one for you, please, todd. the saudis talked to the russians about oil and then they say we'll go along with what you come up with. the price of oil down, just this. >> the oil found a range between 40 and 50. the bigger story, we've got 100 years supply of oil in the united states of america without having to go

monsanto could reject the deal. this is not a done deal, until it's a done deal, they could seek a higher offer. but what we understand is this is coming to near conclusion one way or the other. the likelihood. this is where it gets interesting. the likelihood among people i speak to is bayer -- monsanto is going to accept the bayer bid, 130 a share, there's a breakup fee. they remain highly skeptical this thing is going to pass regulatory scrutiny. all you have to do, liz, is looking at a stock chart. this is a 127 -- liz: monsanto down 1.25%. >> where is it trading? liz: $105.67. >> it is not close to $130 a share. yes, there could be a deal here, likelihood of a deal coming to fruition, but we doubt that the regulators approve it. i'm going to caution everybody on this note, if boards get together and say okay, we're not going to get the regulatory approval on this thing, if they really believe that, i wonder if they're going to go through with the whole exercise. i would say not a done deal. until it is, we're g

but monsanto ceo says overlap is minimal. as our partners at agweb are reporting, speculators say chemistry is one area. since in 2015, monsanto roundup, bayer may be forced to drop its glufosinate chemistry, which includes the brands liberty and libertylink. and in cotton, monsanto has 31 percent ofthe cotton market share, while bayer's fibermax and stoneville brands have a combined 39 percent. so, one or more of those brands will need to be sold. american farm buruea's bob young says in today's environment, the issue could be who's in the position to buy? young will testify in front of the senate judiciary committee next week during hte hearing on ag consolidation. he'll be joined by top leaders of bayer, monsanto, dupont, dow and syngenta. so wh

fox business way ahead of the bayer-monsanto deal. remember here at ally, nothing stops us from doing right by our customers. who's with me? i'm in. i'm in. i'm in. i'm in. ♪ ♪ one, two, - wait, wait. wait - where's tina? doing the hand thing? yep! we are all in for our customers. ally. do it right. then smash it into a tree. your insurance company raises your rates. maybe you should've done more research on them. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. just one of the many features that comes standard with our base policy. call for a free quote today. liberty stands with you™. liberty mutual insurance. >> when you say managers of managers, how high up did this go? did it go up ceo? >> some of that is still being determined. by the has been acknowledged by the bank that firings of employees included hundreds of people committing fraudulent acts with accounts and people managing those people and people managing the managers. anthony: temperature the escalating wells

fox business way ahead of the bayer-monsanto deal. remember here at ally, nothing stops us from doing right by our customers. who's with me? i'm in. i'm in. i'm in. i'm in. ♪ ♪ one, two, - wait, wait. wait - where's tina? doing the hand thing? yep! we are all in for our customers. ally. do it right. the mistay connected.elps us we are all in for our customers. the microsoft cloud offers infinite scalability. the microsoft cloud helps our customers get up and running, anywhere in the planet. wherever there's a phone, you've got a bank, and we could never do that before. the cloud gave us a single platform to reach across our entire organization. it helps us communicate better. we use the microsoft cloud's advanced analytics tools to track down cybercriminals. this cloud helps transform business. this is the microsoft cloud. upgrade your phone system and learn how you could save at vonage.com/business won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insura

the deal still needs to be approved by monsanto shareholders and anti-trust regulators. bayer makes a wide range of crop protection chemicals -- while monsanto is known for its see has the n-f-l picked the super bowl halftime performance already? and amy schumer has a health scared while overseas... the details in tonight's buzz. david bowie's "lazarus" has new life... some of bowie's final recordings are included on the album from his musical "lazarus," which was based on his 19-76 movie "the man who fell to earth" the musical opened in new york late last month. the "lazarus cast album" comes out october 21st. amy schumer suffered a minor health scare this week... the comedian had to be hospitalized for food poisoning while visiting paris with her boyfriend. she chronicled the ordeal on instagram with some "sick" selfies. "i'm on the edge of glory and i'm hanging on a moment of truth. out on the edge of glory." lady gaga is in talks to take the stage at the super bowl 51 halftime show. according to "billboard magazine" the n-f-l loved her performance of the national ant

monsanto talks about other options. it doesn't seem there are too many options left in the market because there's been so much consolidation in the space. we've seen a continued decline in crop prices. ?ow has that impact evaluations ruth: you look at the way , shares haverading kind of declined in the last few months. we have to keep in mind the that whatever companies are looking at consolidating, you don't want to be the last one going to regulators to get your approval when the space has already consolidated so much. even if we get some sort of arranged deal, the regulators discover it. the odds are quite high come aren't they? ruth: you still have to get all the approvals in place. this only a 50% chance of this deal actually happening. and it would require a whole lot -- theinvestment this has been going on for the last few months. if this doesn't happen, can they have expansion internally as well and maybe look at something else? yes. it seems beyer has the advantage. monsanto wanted to consolidate in the month b

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will monsanto finally bite, charlie? >> i don't -- from what i understand, they are -- and they may bite on this, but from what i understand, part of the negotiations right now involves trying to up that bid, that they want it closer or maybe above 130. so that's where the negotiations are now. this deal, this is the way it's described to me, to take it from what it's worth. i'm getting this from people close to the deal. it's not imminent, but it is in the final stages. it's do to die time. they're trying to get it higher than -- liz: sure looks like bayer's scraping the bottom of the barrel the if it's only a 2% -- >> yeah, well, they've got their issues with the board, and a lot of people say don't pay up in this environment because commodity prices, crop prices are down. on the other hand, they believe hon santo fits their -- monsanto fits their strategic vision. there's two sides to it, i can just tell you what i hear from the people inside monsanto. the stock is starting to spike a little bit on what we're saying h

fox business way ahead of the bayer-monsanto deal. remember here at ally, nothing stops us from doing right by our customers. who's with me? i'm in. i'm in. i'm in. i'm in. ♪ ♪ one, two, - wait, wait. wait - where's tina? doing the hand thing? yep! we are all in for our customers. ally. do it right. won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. and if you have more than one liberty mutual policy, you qualify for a multi-policy discount, saving you money on your car and home coverage. call for a free quote today. liberty stands with you™. liberty mutual insurance. >> when you say managers of managers, how high up did this go? did it go up ceo? >> some of that is still being determined. by the has been acknowledged by the bank that firings of employees included hundreds of people

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what i can tell you is it does appear monsanto and buyer are moving closer to a deal and we could see that within the next week or two, according to people familiar with the situation. $127.50, monsanto made it clear they're close on price so the expectations it's going to be $130 perhaps will normal be met and be see deals as low as $12,850, but they're getting close on things that'll go along with any deal including deal protections given the antitrust scrutiny that would be undertaken and primarily, the eu, they've been doing a lot of scrutiny of all sorts of things. they've got an agreement or close to it what the overlaps are in the business and this is kind of color that i can give you, as well. a lot of due diligence has been done by bayer and there have been multiple drafts of merger agreements. none of this is to say a deal will happen. monsanto tells in their statements -- and i've reported on them, as well, other proposals and other parties and other strategic alternatives, but we don't know what those are and i've gone on a number of roads and had various things denied so

amy: new at noon, after months of negotiations, bayer is buying monsanto. the german drug and farm chemical company says it has signed a deal to acquire seed and weed killer company monsanto for $66 billion in cash. the deal is the biggest takeover announced so far this year. the city of orlando says its around the pulse nightclub. right now there's a chain link fence where people have hung banners and flowers but the city says the new fence will make it easier for people to pay their respects. work by local artists will be hung around the fence to honor the 49 people who died in the shooting back in june. officials say it will be installed sometime next week. right now tropical storm julia is dumping heavy rain on 10th atlantic hurricane season. it formed late last night near jacksonville, florida. that is your real house, not mine -- your wheelhouse, not mine. kevin: we could use the brain, not the wind. 2 rain chances in the forecast from one for the weekend. amy: coming up, with fall inching closer we're cooking up some delicious beef stew today in "coo

monsanto has rebuffed several previous bids from buyers. it appears, according to varying media reports, that monsanto has accepted the offer. the merger is approved -- the merger come if approved by regulations, will create one of ththe world's largest seed cocompanies. london ftse 100 trading up by about half a percent, this after news that unemployment in the united kingdom stayed at them 11-year low of 4.9% from the three months at the end of july. genie: let's go to argentina, whwhere the e president t is tro win over foreign investors. stephen: the government is holding an investment for them this week in the hope off temptingng back foreign investss from industries including mining, oil explanation, and agricultural technology. companies like coca-cola and siemens are among the attendees, that can president macri -- but can president macri convince them that argentina is a safe place to invest? >> the government of argentina is holding this investment for um, calling it a mini davos. the government is trying to turn the page on the p

that is a 19% premium to monsanto's last close in new york. if the deal goes through it would create the world's biggest producer of seeds and pesticides. in july monsanto rejected bayer's $# 5 billion bid saying it was inadequate. for news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries this is bloomberg. let's get the latest from the markets now. >> as you mentioned, one-year high across the asia pacific benchmark. you look at south korea of course, hanjin shipping, a lot of trades coming in to really play, related companies there. hanjin still up 19%. now, what else are we following here? a look at japan reopening. i'll be fleshing out that market in a few moments. wait for it to get warmed up into the afternoon session. a decent bid when it comes to taiwan as well as shanghai. it's ban good week so far for singapore. hang seng, 0.4%. hong kong is really, really pushing it. have a look at the charts. six-month chart. takes us back to levels of about 13, 14 months back. it is quite a rally that we

. >>> this crowd hated manufacturing, it booed way before monsanto and bayer's deal. it's a deal that our charlie gasparino broke. this crowd is eager to break up. gaspo, this is a group that doesn't like genetically modified food, they're dead set against it and they might torpedo it. >> it's a legitimate political movement, along with the movement that believes global warming is baked in, and categorically happening, and they have power, they have lobbying power. i will say this, and i said this to a lot of people post the story. i support this deal for this reason. god created man. man created science to do stuff. you need genetically modified food to feed the world. >> man created five-ton pumps. >> you can feed five times the people. >> that's the argument. they'll argue there's something wrong with it. >> it's so funn this is the same crowd that uses, quote unquote science, for everything else including climate and everything else. mankind has come to the aid of mankind through science and food so many times. we have saved nations from starving. the fastest grow