At all in these two companies. When you do the math and look at everything, we dont have a concern. Andrew think about it as adjacencies. Area, we dontag anticipate issues, but we will go through the Regulatory Filings as normal. David whether the United States or europe, will they be looking at it as one company or will those be done simultaneously . Hard to answer, but they will take into account that it will be broken up into three businesses. Stephanie agriculture is a key part of this deal. We have got to ask about competition. How will Global Agriculture change, when you think about china and the strength they have . A governmentcontrolled entity has taken aggressive position good im referring to china. That is one of the beauties of putting these two ag businesses together. Andrew and i have said publicly that will be consolidation in this space. Have the firstmover advantage. We know for sure we are going to be one of the big leading players in the ag that was very important to
Increased across the board. The nasdaq doing the best of the three major averages today. You have the groups on the move. Health care consistently has been doing the best, helped in part by pfizer and allergan, which are rebounding. Discretionary stocks preforming relatively well as we await the surge of the Holiday Shopping season. Energy and utilities have consistently been some of the weaker performers of the day. Energy is now on the bottom of the list. Volume,rlet talks about this is an illustration volume by group versus the 20day average. All the bars are lower. All of them are down, illustrating in real terms the drop we see in volumes. Industrials is having the steepest drop, down 45 . Scarlet which sector has seen the least amount of drop . Julie health care, and that is the best performing group. Makes sense. Scarlet even though it is relatively quiet, there are some big movers. Julie they are still trickling out. Deere came out with earnings, and those shares are on the mov
Existing us home sales falling. We are all in the green. 4 . P 500 up oil is also moving higher for the second day in a row. Lets go into my bloomberg terminal. Energy is the biggest gainer up by 1. 75 . And part of the trend has to do with energy. But are not 100 correlated they do move in tandem lately. Ramy they have been moving quite closely. The fall in oil has had a knock on effect. Nymex crude is pretty much at session highs. It looks like traders are looking ahead to tomorrow when the eia releases its latest inventory report. Inventoriesting likely rose one Million Barrels last week. Morgan stanley said, not so fast, a rebalancing might not happen until 2017. As oil rises, oil stocks are getting a boost. By 1. 3 breaking a threeday fall. And apple is falling today. 13 . Now down bylowered its price target five dollars because of production cuts in apples supply chain. For itsstock is headed worst annual fall since the financial crisis. And caterpillar is up the most since octob
England keeping rates at a record low. 5 , where they had been since march 2009. The division was interesting. The sold a center, he has been the sole dissenter. He has voted for an Interest Rate hike will stop what is interesting, some of the comments in the minutes that accompanied the Interest Rate decision. The bank has domestic spending subdued, overseas demand. The officials within the bank of england say they have a range of views on inflation risks. This is a big one, the Oil Price Drop suggests continued subdued inflation. Interestingly, since the last meeting of the bank of england at the beginning of november, brent crude has sunk i16 percent. That puts downward pressure on inflation which, as you know in the u. K. , is negligible, down to. 1 . The bank has cited in the past and emergingact markets impact as well. Those are the two impacts weighing on the u. K. Economy. The domestic economy is resilient, as shown by the latest gdp data which grew by. 5 . But i think the big
Desk where matt miller has the latest. what an exciting day. North americaati will bring his brandnew bike. The major indexes. Not a lot of movement. The affinity of three points. Dow jones up about 34 right now. Was very dramatic this morning. Just like Tuesday Morning we saw a huge drop. About an hour later. Now available come back. 36. 5 for a while. Very exciting. Look at the seasonal picture of oil. It is a great way to look at a commodity and index for how is performed seasonally. You can see we got crushed in a oil attribute at 160 per barrel after it peaked. We did not see that until last year. Asterisk this a horrible drop. This year looking at an 11 drop, and only number 10. Very interest in move. The saudis and iranians to try to produce each other out of business. Look at natural gas. Initially did not come down with oil and then move down. We have still been it down. Not gas stock has not moved down as much. Oil stock has not moved down that much either. Take a look at the