Expected job report from the fed. Were going to talk a lot about that this morning. In the meantime, take a look at what happened overnight in asia. The nikkei was up a quarter of a percentage point. Markets higher in china too with the shanghai up. 60 . Hang sang putting in a similar gain. If you take a look at whats happening in the early trading in europe, things are mixed at this point. Dax is up a third of a percent. Cac is up just under. 20 . Ftse is down. 20 and check out crude oil price this is morning, up 1 settling in just under 45 for wti. Among stop stories. 65 billion transaction bayer hiking offer for monsanto to 127. 50 a share. Up from 125 offer. Monsanto acknowledging the latest offer. Calling the discussions con struckive. Have been in talk since may. Bayer believes acquiring the seed maker would position the firm to help farmers produce for a larger population. Well have a lot more on the potential deal in just a couple minutes with an analyst. Other news, volkswagen
Here. Well discuss it with mr. Hays in terms of the decisions they made and what ive heard, of course, is how serious those conversations were. Last april and may, when they began. When they were revisited from the honeywell side in september, when they sent utx a letter. Most recently last week when they made a new proposal at 108 a share, 40 ownership of the combined company, 42 a share in cash. 22 premium to the then stock price. So, a lot to talk to mr. Hayes about. Not to mention my man here, mr. Cramer, always has questions when it comes to the fundamentals of the company. Sure. You get this combination going. Its hard not to say, look, we can finally deal with boeing and airbus. On a level playing field. The partners for Success Program that boeing has had has crushed a lot of these companies. You put these two together, they could have muscle against boeing. Like that. Utx doesnt seem to be it is a combination that would pass antitrust muster. Thats something well focus on. Doe
Tweet me jimcramer. I dont know about you, but it feels better, doesnt it . Is it actually better . Pretty good consolidation following yesterdays big run. Dow inched up, nasdaq climbed. Thats why we have our checklist, the one i created back in midjanuary when it was ugly to help determine if this market has what it needs to give us a sustainable rally. Not a tradable one but a sustainable one. We said the fed has to give us clarity about where it stands on rate hike and the last week weve had two, the new york fed downgraded their views of the economy will be cautious about the rushing to rate hike judgment. As long as we dont get a smoking hot employment number on friday. This is good enough for government work. You know what im doing . Im checking it off. Two, we need some resolution to the political uncertainty. List, we had no certainty in either party. After last night, barring some extreme, its hillary versus the donald. Now we can create portfolios for either eventuality. Mayb
We expect aggressive stimulus. Meanwhile, the decline in the shanghai stock market hasnt hurt our markets. Thats a big change. Ill call it a half check. Thats why we have half checks. Maybe it can be a full check on monday if the parliament does the right thing. Fourth, do we have a commodity bottom . Copper is breaking out. Im feeling more confident this group may be going down. Not necessarily from increased demand which is what we like but from reduced supply so what were going to do is give it a check mark. Box number five, oil needs to stop going down. The relentless slide must end. Hmm. We had a big inventory increase today and it didnt get hammered, it went higher. New pattern. It looks like oil stocks have stabilized. Im feeling good crude may have bottom. I dont expect a big rally the market but the down side seems to be quantified so i am saying check. Six, we need to see some improvement in the geopolitical scene. Here we have a definitive check. North korea started this, no
As long as we dont get a smoking hot employment number on friday. This is good enough for government work. You know what im doing . Im checking it off. Two, we need some resolution to the political uncertainty. The last time we went down the list, we had no certainty in either party. After last night, barring some extreme, its hillary versus the donald. Now we can create portfolios for either eventuality. Maybe ensuring our portfolio for some of them. I say check third, we need china to get better. Its gotten worse but the frame index has been creeping up slowly and theres be a big Chinese Parliament meeting where we expect aggressive stimulus. Meanwhile, the decline in the shanghai stock market hasnt hurt our markets. Thats a big change. Ill call it a half check. Thats why we have half checks. Maybe it can be a full check on monday if the parliament does the right thing. Bottom . Copper is breaking out. Im feeling more confident this group may be going down. Not necessarily from incre