Airlines is merging with u. S. Airways, creating the Worlds Largest airline company; and Warren Buffett is buying h. J. Heinz, the Biggest Food Company acquisition ever. Well have more on american in a moment, but we begin tonight with buffett and that surprising megafood deal. The billionaire investor is teaming up with the billionaire owners of 3g capital to buy the ketchup maker for 28 billion. The private equity group and Buffetts Berkshire hathaway are paying 72. 50 a share in cash. Thats a 20 premium over heinzs Closing Price yesterday. Ruben ramirez reports. Reporter the oracle of omaha now has a new title ketchup king. For the first time, warren waomett, whos shifr ay working with private equity partners, is teaming up with 3g capital in a 28 billion deal close to 24 billion of that in cash and the assumption of 4 billion in debt to take h. J. Heinz private. Warren buffett is starting to get older at this point, and, in this case, hes having 3g handle the operational side of th
The government. Not talking about growth in the government, right . Not to create more conflict between you two. There are two ways to two kinds of people in the world. Thats why im on this side of the table, joe, with you. Thinking about it. In washington right now, they i would say there are some people that are more interested in growth in the government than growth in the private sector. Well, look, again, im not a politician, but i want to focus on good, economic growth. Good Business Growth and how do we get back to the days that we enjoyed . Bob, thank you so much for being here. We hope to see you again soon. Thank you. Ive had a great time. Great visiting with you. Does it for us today. Now, its time for squawk on the street. Know that theme music any night, say goodbye to liz you jack and the crew on 30 rock. Im carl can teen nia, melissa lee, david faber, jim cramer. Chicago pmi on the way. Facebook earns, by most accounts, were pretty impressive. Mobile ad revenue, two time
Amn. February 31 calls short term trade but they are buying up these calls at about four times the open interest. I like the opening trade. Lets get a quick look at the dow. Last trading day of whats been a pretty good month, as you know, for stocks. There it is. Dow under 13,900. Making a march towards 14. Hasnt been able to get there. We will continue to watch that. That does it for us. Catch us tonight and on twitter. Power lunch starts right now. Halftime is over. Second half of the trading day starts now. Scott, thanks very much. Knocking them down. Which of these two brands do i have personal experience with . The department of justice or anheuserbusch . I ask you, ladies. You can decide. But the government said no to 20 billion beer deal with anheuserbusch and mexicos groupo modello. A huge day for market moving corporate results. Earnings season. This is really the heaviest stretch of earnings season. We will take a look as stocks take a breather in the march tour of 14,000. Sp
Expected 195,000 jobs were added, and the Unemployment Rate will tick down to 7. 7 . January joy the first month of the year was a good one for the stock market. The dows top performers gained nearly 6 , and among the Commodities Oil had its best start of a new year since 2006, which pumped up prices at the gas station. The average cost of gallon of unleaded jumped 13 cents this month. And in legal action, peregrine ceo Russell Wasendorf will get 50 years in prison the max for cheating investors out of 215 million. Todd horwitz of the adam mesh group joins us now. He has a closer look at the jobs trade. What are you expecting in trading off the jobs number today . Good morning. All signs the whole week pointed to this one number. The expected number for the forecast is 195. The expected number is 215. If were not north of 215, i think the market is going to be in for a little bit of a rocky ride today. Todd, as you know, they often say, as goes january goes the rest of the year. This w
Ge has more cash to do things with. Time and mens fortunes change. You go with the flow. Every time they do a deal, they say its great for both parties. Stock goes up in one case and down in the other. Ge is in one, can use the money, comcast in another and actually worked. Worked out well. Comcast has a great set of assets now a ge has cash to invest in what they want to do. We all do it differently in our times. Jack, we love you, on valentines day especially. Happy valentines day. Merger thursday with all these deals. Huge day on wall street. Almost 100 million in fees for the banks. Center view bank. Make sure you join us tomorrow. Happy valentines day. Congratulations to squawk. What a breaking news. Warren buffett making a big deal with heinz. Im Carl Quintanilla from the stock exchange. Kramer is off. We hope aol call in. Heck of a week to take a vacation, one of the biggest months for m and a. Yeartodate, m and a volume up 25 . Berkshire hathaway, 3g buying heinz for 72. 50 a s