Yesterday . What did you think . Weird, right . What you are talking about . Went all the way up. Yesterdays session . Yeah. What happened midday that knocked that off . They thought it was the ap story about trumps tax plans, how theyll scrap it and start all over again. I dont know. During the day, the guy in north korea said were this close to nuclear oblivion, the markets just tread water. But then the tax plan. Syria saying, yeah, russia said one more move, were at war. And then the futures didnt move. But then they said something about the tax plan, could be a week late, the markets moved. Thats very telling. How do you price it in . You can kind of when the world ends, it doesnt matter might as well trade until it does. Flight to safety. Im in safety. It doesnt matter. Even oil, with everything happen. When music is playing, you have to dance. Quick heck on whats going chec in europe and then oil. The dax down a bit. Cac, we will call that flat. Virtually unch. It is unch unch.
Is the hurricane. Taylor riggs will get to that in a moment but also we have got the basic idea of sorry, i lost my train of thought. Francine we are getting breaking news on the Nobel Peace Prize. It is the first time i remember they have not awarded it to one person, but to the Colombian Peace accord. The peacet because accord was in jeopardy when i had a referendum and it was rejected. We did catch up with the finance minister of columbia, unclear exactly what will come from here. We are getting that live announcement from the nobel peas committee in oslo. The winner is the Colombian Peace accord. That is after the referendum on sunday. Tom it really changes things and the interesting thing is the duration of a peace accord. It is supposed to be a year or two and this has been a generational struggle. Francine i correct myself, because the prize was awarded to colombias president , mr. Santos. It is not to the peace accord itself, it is to the president. The reason colombians reject
Surveillance. I am Francine Lacqua. Tom, i know you were in new york and it is going to be a great day. Bank newsthe deutsche , it gets your attention. I would focus as well on the italian banks. It is benny the headlines, but watching unicredit beneath the headlines but watching unicredit. Francine especially if the nonperforming loans keep putting an damper a damper on the italian stocks and the european stocks. Nejra we start with some news breaking in just the past two minutes in turkey, markets are giving a vote of confidence to the latest move by the Prime Minister elect. He has decided to keep the last man standing of a market Friendly Team credited with turkeys economic boom. It is a boost for british Prime Minister David Cameron and his campaign to stay in the european union. Older voters are switching to his side according to the or be survey. 55 plan tors over vote to stay in eu, up from 34 in march. The referendum is june 23. Euro area finance mise ministers meet to discuss
David it is all straight ahead on bloomberg best. David hello and welcome, i am david gura. This is bloomberg best, your weekly review of the most important analysis of Business News and interviews from around the world. As the week began, a proposal to merge two giant Chemical Companies took over the headlines. Shery bayer is proposing a blockbuster deal that would create the largest supply of Farm Chemicals and genetically modified seed. Bayer wants to buy monsanto for 62 billion in cash. That represents a 20 premium. It would be the biggest takeover ever by a german company. Francine if monsanto actually rejects your offer, are you ready or do you have a capacity to increase the offer . Werner we are totally convinced about the effectiveness of our offer. If you look at the fact that it is a 37 premium over and above the effective share price as of may 9. That is a strong testament as to the Value Proposition of monsanto shareholders. It is also in line with the transactions and att
European financials actually face . They are less than half an hour away from the European Equity market open. Good morning, caroline. Lets talk about where we think this story will go with the equity market open. Go to the wei function. Faire down by 0. 5 on the market value. I would say,. 4 on average. I want to talk about Something Else for just a moment, and that is what is happening in terms of these headlines. You can kind of understand why, that you need to take the next step. And the next step is a really important one. 00 is a global1 index, and this morning i priced it in euros. In euros, we are down by 9 . In japanese yen, we are down by around 20 , but that could be a different story. Lets talk about the 250, because this is an interesting story. 250 is terms, the ftse down by 18 , folks. The pound has been absolutely backwards. This is the way you need to see the market. I would argue not to follow these headlines, to put a positive spin on the ftse 100. Because, lets face