hello, welcome. it has just come 7:00 here in london. warm welcome to the second hour. the deadline just expired. it was 10 a.m. moscow time this morning. we are watching this developing story. we re waiting to see if we get any announcement anytime. in any event they effectively tapatened to turn off the to ukraine if they haven t paid the 1.9 5 billion to partially cover their debt and agreed to a gas price for future deliveries. ukraine gets half its gas from russia. the e.u. gets a third of its gas from russia, half of which rebels through ukraine. travels through ukraine. a sixth of the e.u. gas travels through ukraine. we have seen this before in 2006 and in 2009. in both cases they have disrupted gas supplies to western europe. definitely something to watch. thing is the two sides do have a little time to get through the summer. it s warm now so gas demand is lower. they have been stowing away gas. ande is a lot of gas western europe. ing from places like slova
you will, for the markets. ten-year note yield, as we often do at this time, below 2.6. i like to compare, france 1.71. italy 2.749. oil prices of course have become a key. wti and brent, you can see it, down on wti. brent is higher. by a nice 48 cents. let s get to our road map this morning. starts with m&a. shares of covidien up around 30%, irish drugmaker agreed to be acquired by what was or will no longer be u.s.-based medtronic. price tag $43 billion. markets under pressure and as you saw oil is remaining volatile as violence and tensions in iraq continue to escalate. we re going to go live on the ground and get the latest from the region. target confirming it experienced problems with computerized checkout systems but breathe easy, the issues not security related. let s start off with m&a. we ve got plenty of. the biggest of the deals is involve two medical devicemakers, medtronic agreeing to acquire ireland-based covidien for $43 billion. values covidien 93.20 a shar
why the heck is that news? c mon, man. ever since the great bull market of 1982 began 15,000 dow jones points ago, investors struggle to digest fresh fears. dow ultimately gaining five points, s&p advancing just 0.8%, and future were down last night, what truly is a shame is this kind of evergreen story is now a staple to so much business journals. it costs people so much money. these pieces have caused a steady departure of individuals investing in stocks, in large part because they don t understand the fears do get digested, and when they do, stocks can rally. so i want to use in as a chance to talk about how risk and how how risk and stocks per se are risky assets, but you can t get it any reward without some risk. there are many kinds of fear, but only some are actually worth worrying about. sell sell sell. for example, 2008. sell sell sell. we had true systemic risk, which it seemed like all of our basics were on the brink of disaster, systemic risk must be avoided
see you late. general electric selling home appliance unit to sweden s electrolux for over $3 billion in cash. first, big news from twitter on a potential new revenue stream. julia boorstin joins us from los angeles with breaking news. good morning. good morning. twitter is announcing a test of its buy now but allow users to buy products directly from a tweet, first big move into e-commerce. the idea to make mobile shopping quick and easy. so say renan can tweet a photo of the tour t-shirt and say, buy now. twitter saves the credit card information and shipping address, saying everything is encrypted and not shared without permission. there are products in price points of all kinds and offers of all kinds that work across the platform. it s not a flash sale platform. certainly things will work better. again the temporal nature of twitter makes relatioal time in wheelhouse. twitter working with 19 partners. a number of artists including emin eminem, pharrell and riha