Here in europe just wants to know whats going on in the u. S. Tom a whole bunch of things to talk about. We have the fed meeting, the bank of england meeting, job state. I want to know why you arent doing a 4 00 a. M. Are you slacking off . Francine its the european way. I really dont know who sets the international clocks. There is always one or two weeks where the europeans go down in our. Tom this is what has ripped up the script all the way across the New York Times and every other paper in america, for our global audience all i can say is there is no other story. Will be joined in a bit just stunning what happened in the United States this weekend. Francine it is. People are transfixed. Lets get to the bloomberg first word with taylor riggs. Taylor the European Union side of Free Trade Agreement t delayed in belgium. Just injured was in belgium for the ceremony. The agreement will cut tariffs for eu manufacturers on hundred Million Dollars a year. The eu had to overcome objections
I didnt think about it with the tie. Do you have an orange tie . I do own an orange tie. But you never wear it. I never wear it. Are those pumpkins from last year . No. Those are not. Okay. Can you imagine we had things made exactly like us. I have pictures of those. Those arent actually us, are they, andrew . Remember in the past our face has been on them. Our face has been on them. But not these. I apologize, we are going to talk about the markets. We have breaking news the tell you about, we talked about it a little on friday, but now its official. General electric and baker hughes are merging their operations. Now there was a lot of conversation about whether ge was effectively going to be selling its business. We talked about whether this was all happening at the wrong time. This is now what is happening. They are merging the oil and gas operations into a new company that both companies will effectively own. They are looking to get 1. 6 billion in synergies annually out of this tr
Steady, moderate losses in europe this morning. And Consumer Spending rises to the fastest in three months. Road map begins with ge confirming the deal to combine oil and gas business with baker hughes to create a new entity. Well speak with the ceos in an exclusive interview. Weve got a deal in the telecommunications industry. Centurylink to buy level3, totals a new record month for u. S. M a announcements. And the latest controversy over Hillary Clintons emails as the polls tighten just eight days ahead of the election. Well get you all the market impact. First up in that deal to create what both Companies Call a new baker hughes, ge will contribute 7. 4 billion to fund a 17. 50 per share special dividend for baker hughes shareholders. Ge will own about 62. 5 of the combined company. As we said, next hour an exclusive with jeff immelt, chairman and ceo of ge, and the ceo of germanwin oil and gas, i craighead. You said it would be the ultimate buy high, sell low. Thats not the case he
The dow is ending october with a whimper. Index, little change today, up 16 points now. Nike, the big drag, chevron, the only dow name up more than 1 . Thats despite a big move lower for oil, crude hitting session loew lows. We want to call your attention to brocade, that stock spiking on reports the company may be putting itself up for sale, digging in on this and bringing you more as it develops. Tyler. Welcome back. Im tyler mathisen. Welcome. Here is what else is happening at this hour. U. S. Consumers picking up their spending in september, due in part to Strong Demand for vehicles. Speaking of vehicles, fire crews investigating a blaze that broke out at fords World Headquarters in deerborn, michigan, earlier today. No one was injured, thankfully, there. Cleanup crews working feverishly now in central italy following sundays magnitude 6. 6 earthquake. Several quakes hitting italy in recent months. Justice Department Getting a warrant to review newly discovered emails related to Hi
As for european markets, you ask, lets take a look at how we fared on the big three or are faring. All up with the ftse in the uk the biggest gainer so far. The tenyear note yield, certainly a focus since the election. Wow, still cant quite get over it. 2. 228. Where were we before the election, 1. 7 . I checked in for refinancing and its already changed dramatically. You had to make your move. They adjusted that one so fast your head will spin. Oil up this morning, which is a bit of a change and brent crude at the bottom there. Our road map starts with another record close for the dow. Thats six Straight Days of gains, but the s p and nasdaq were down. Plus a beat in a race for home depot as retail earnings kick into high gear. And the white house transition continues. Mary jo whiteout at the s. E. C. As the Trump Administration begins to take shape. The dow aiming for a seventh straight day of gains after hitting a record high yesterday. Warren Buffetts Berkshire hathway buying airli