matt campbell joins us now. you guys broke the story yesterday.g like we will have some sort of a board meeting today. clearly these guys cannot hang around. give us a sense of where the process is right now. >> we are getting into the final stages. we do expect an announcement on this deal as soon as today, failing that, probably before the market opens on monday. now what this is looking like it's an acquisition of ge of virtually all of alstom. whichl part of alstom makes trains will be cleaved off from the energy business, which is financially the core of the company and would be acquired by ge. this is being done principally for political reasons. for obvious reasons, selling such an iconic french manufacturer to an american company would be very complicated in france. ge has come up with this structure where they get divided into two, with ge taking on the less sexy but more financially powerful arm. >> what is the french reaction? way of this is a nifty keeping outrage out. >> this structure will perhaps restrained some of the government pu

let's go to matt campbell.wants botox. >> he wants to own botox, a chunk of the company that makes botox, allergan. he has teamed up with a large canadian pharmaceutical company for a hostile takeover of this company come allergan. worth more than $40 billion. i suspect a lot of other people will be watching that today to see where this bid comes in. >> matt, how do we coined it? pharma-m&a tuesday. keepis it for "the pulse," it right here. tom keene is next. >> bloomberg "surveillance." this is -- this is bloomberg "surveillance." keep money tribes drug mergers. just cheat money drives job mergers. we speak to a market veteran on patients. when your career stumbles, campaigning for an oscar. we are live from bloomberg world headquarters in new york. it is tuesday, april 22. join me back on the grand tour of europe, scarlet fu with us and adam johnson as well. >> overnight china central bank cut reserve requirements for some of the world banks. and you say it is brief, you mean brief. that is it overnight. 9:00

matt campbell here in london and hans nichols in berlin. die, over to you. >> let's turn to the standoff in ukraine. president obama says new sanctions against russia will be announced later today. >> we are going to be moving forward with an expanded list of individuals and companies that will be affected by sanctions. they remain targeted. areasl also focus on some of high tech defense exports to russia. we don't think are appropriate to the exporting in this kind of climate. >> he made those comments in the last hour in manila. is white house correspondent traveling with the president and joins us now on the phone. that thesent are you sanctions will deliver a result? >> the really interesting thing -- when we have spoken to u.s. officials and the president himself -- they are not entirely sure they are going to work. the way the white house is thinking right now is they have the big hammer they want to hold over president putin's head in those next level sanctions. the president said they are not there yet. these will be targeted sancti

matt campbell joins us with the latest.cterestimate that this may not be over. >> the likeliest outcome is that vivendi does choose to proceed with an offer from the cable holding company controlled by patrick draghi, the french billionaire. they have entered exclusive talks but this competing bid from bouygues has been trying to derail this deal. will vivendi allow itself to get the route and say, we are going to either open back up or enter negotiations with bouygues or will they proceed? that seems to be the likeliest option but we don't know yet. y, the latest name to be talked about. >> remy cointreau is being discussed as a target. what seems to be driving this is remy has has a bit of a stumble. cognac, itke fancy is quite a big deal. remy has had a bit of a wobble. what is being speculated about is that brown-forman are going to try to take advantage of that. there is a controlling family who will have a lot to say. >> we will watch out for vivendi and remy cointreau today. thank you so much, matt campbell. >> comin

matt campbell.ne huffington spoke to charlie rose about finding a work like balance and redefining success. >> if we define ourselves in we aref our jobs, shrinking down to something that is not going to be a positive feeling. >> that interview will play out a little bit later on. in will be able to see it the united states. dig oh is the world's biggest maker of spirits. india is the biggest whiskey market in the world. nestle has reported its sales. they have the lowest sales growth since 2009. russia is a significant market for the company. nestle says it is doing really well. negative movea going forward from here. we will kick around. we will talk about google glass. it is going on sale for one day only. will you be buying a pair? stay with us. you're watching "the pulse." ♪ >> we'll come back. foreignlk about exchange markets. let's talk about what is happening in london. it's show you the pound. first of all, we have had an inflation rate and we are moving below the deflation target. we are a

. >> matt campbell and caroline hyde are here. matt, let's start off with you. why did this work for him? >> there is a macro maker here. g.e. is of course one of the largest american industrial companies. it has enormous amounts of cash held outside the u.s. when an american company holds cash outside the united states, it is very costly ever to actually bring that home. rather than effectively sitting in the bank somewhere, making foreign acquisitions is often a sensible thing to do. the micro and g.e. specific jeffrey is that immelt's tenure ee with power turbines, very unsexy but steady business. buying alstom, which is a very significant industrial player would really be the biggest move imaginable. >> we'll get back to french protectionism as well. i love those angles. give us a sense. a lot of investors say this makes sense strategicically because of what matt was saying and alstom needs cash. >> exactly. it is basically a smaller rival that hasn't fared the current situation that well. it has an awful lot of debt on its plate at the moment. it had to cut

let's bring in matt campbell. you guys talked about it this morning. is it over?> it looks like it is over. you always have to be cautious. anything to do with vivendi has a way of dragging on. it would appear, for now, vivendi is going with its bid sfr withe to merge this company and create a quadruple play mobile powerhouse. that seems to be the way things are going. >> it always comes back in some shape or form. is the view from the telecoms market in france? >> everyone is thinking about the next deal. buoygues,bid was from which would have become very strong had it succeeded in taking over as a far. having failed to do so, they look vulnerable. lots of analysts and other people who follow this market think that a tie up between bouygues and iliad is all but inevitable to bring the mobile 3,ket down from 4 players to which is something more stable. bouygues, asm is, a family, is fairly wedded to their mobile business. how is that going to work? >> this is something that needs to be sorted out. you have the billionaire industrialist, a very passionate, aggressi

our deals reporter, matt campbell, joins us now. one of the proposals -- what are the proposals? that it proposing acquire all of alstom's energy businesses, basically the entire company. 70% 80% of revenue. that would leave a rump alstom focused on the transport industry. this is really the end of alstom as we know it. siemens has proposed an asset swap, siemens owned rail ofinesses would come out siemens and alstom sends its energy business to siemens and his two companies specialized, alstom with rail and siemens with energy. the ge offer has been accepted for now and so we have to proceed on the basis that is the way this is going. alstom, probably under pressure from the french government, has the door open to siemens. >> matt campbell with the latest on alstom, ge, and siemens. if you look at the m&a pipeline, it is huge. does it mean the ceos or more confident about the future question mark >> yes, if you look at cash deployment in the u.s. and europe over the last five years, it has been buyback stocks. people said i do not see incremental demand, the future is uncertain.

matt campbell broke the story. who has the upper hand between siemens and ge? it seems ge is ahead of the curve. >> good morning. on the merits, you are right, ge is more advanced. they made a binding offer. it is something that has been in the works for weeks, if not months. coming up with something that is much more informal and would need more time to become very serious. now, that said, there is a degree of political pressure in france of -- in favor of at least seen this siemens offer considered, which would be a so-called european solution, which might be more acceptable to some portions of the government. over the last 24 hours we have seen the government backing off of its initial support for siemens. they seem to be walking that back. the smart money would be on ge getting this done one way or another but it would be a bumpy ride. >> why is the french government backing up -- is there too much overlap? >> that is certainly a concern. big have to be at a concern. jobless claims are at an all-time high. ofmens and alstom have a lot operations in common.

. >> joining us is matt campbell. is it finally over? it seems that it is over. 23 billion dollars. the new shares are the subsidiary that will be at 17% this morning. the markets like consolidation and they would like to see big money spent. this particular aspect of this transaction may be over. cases andd be legal there is talk that we could be looking at consolidating the mobile phone sector and this is just one cork in a big machine. >> there is a lot going on in the telecommunications space and this is everybody reevaluating their strategy and we have seen that. attempts soorted far. literally, this is a stage where the company is thinking about doing big things. >> it is somewhat late. the next hour. where does that leave the french telecom market? >> we are going to look for some kind of mobile consolidation and a full-service telecommunication operator. more likehat it is three and the question is what happens to the one that failed to buy and. they will go from the hunter to the hunted and the smaller player in the market is a long way down the road in terms of execution.

matt campbell.- pulse" up. >> i've not been able to say this for a while but greece is of the word. will be all over it. david tweed is out in athens. we have great guests. we'll talk about it. the former greek prime minster will join us. we'll get the take of how the economy is recovering. all of that will be covered. whether inside track of the greek business and startups. we'll carry on that conversation. and the fact that there is a not pending. i would not to draw a line between athens and paris and what could be going on and paris but with a new prime minister there. we will carry on that conversation as well. the internal politics. we are also taught him about what is happening in the gm story. -- talking about what is happening in the context of the gm story. and we will discuss abenomics later. the ceo of gm of being the growth. back to you. >> greece is the word. meaning. david tweed is all over the in athens. i blame you guys because you started it. guy will be back after the top of the h

matt campbell. lesspulse" is coming up in than 15 minutes. i am joined by guy johnson. have rate interviews, a little bit of mna. we will talk about ukraine and have interviews. draghi is blaming the easter bunny for europe's inflation problems or lack of inflation problems. the americans are blaming the weather for lack of a decent showing in the payrolls number. is it going to be reversed? we will talk about that. on the roubini will be program. it will be interesting to hear what he has to say on that subject. theill continue conversation surrounding the luxury story. it is going to be fascinating to european luxury stocks respond to the american invasion that is coming up. not just some of the big names we have been talking about, like tory burch, trying to make their presence felt. we are going to talk about that. the story surrounding politics in ukraine is fascinating and we will be debating who the people are who could be leading this country out of crisis. one of them some people refer to as the willy wonka of the ukraine. we are going to be talking chocolate a

here with us in london is matt campbell, who broke the original story.siemens is keen to get in on this. what is the case for getting into the assets for alstom? clear about this. this is a defensive play. their play honest is to prevent ge from getting a foothold in the european market, a stronger foothold, i should say. ge clearly wants to make their case that this has synergy and it will be able to keep a lot of jobs. there will be fewer job losses. if you combine siemens and alstom, you could have a situation where there is some overlap. that means layoffs in one of the assurances that siemens is giving is that there would be no job losses for three years. that is an indication that there could be job losses down the line. the french resident, we will see how strongly and how much authority they have to pick winners and losers and who the ultimate acquirer will be. >> can the french government really get that involved or they could say they do not want that transaction to go ahead, it has to stop now? >> this is the most interesting question at the h

it is a story we have been following closely since matt campbell broke the story last week.s me now for the latest. stage moving into a new of this whole story. it is official, ge have laid the price at the door and they are preparing to negotiate. >> but there is still a little asterix next to this deal which is siemens putting together an alternative bid that seemed to be getting support from the french government. there is a four-week negotiation period between ge and alstom basically as a compromise and to demonstrate to the government and shareholders that alstom is considering this alternative. siemens will still be able to bid in that period. this is not necessarily a done deal for jeffrey immelt. >> politically he knows his way around france. he has been at the negotiating table before. of doing business in france is incredibly important to this deal. >> this was a very close run thing in the end. the story came out a little earlier than ge and alstom were intending thanks to journalists of course. the french government made some very negative noises about this basic

matt campbell and sam sizelli. other countries on move.rofitsposted record -- that missed estimates. the largest lighting company said 20 42 will be a challenging -- 2014 should miss will be a challenging year but should make the targets. cracking down on carlos slim' american mobile. they said the company is not obeying regulation. telephone call wants the government to force american mobile to follow the rules will require it to divest assets. david has left the club. the news came after the team failed to qualify for next season's champions league for the first in 19 years. 1% of hisout departure. coming up, we sit down with the ceo of a netflix competitor. more on that after the break. ♪ >> i am francine lacqua. this is "on the move." netflix got a boost in after-hours trading on the heels earnings thater beat estimates. caroline hyde, it is embedding a can lead to more users to its exclusive content. upthat is why we saw shares after hours because they are hoping they can bring out more profitability from each of the users they have.

or more on the story, i want to go to matt campbell in london. upper hand here between ge and siemens? >> that is a very good question. it was a little less clear. --seems the ge has required reclaimed the initiative a little bit. people close to the french government are walking back some of the comments over the weekend that siemens would be a better and france.alstom the minister who was leading the charge against ge is very respected within the ruling socialist party, but does have a tendency is speaking out of turn occasionally. as you noted, this meeting elt and francois ended with smiles. ge's prospects to look ok. melt is a charming guy. doesn't the french government, isn't their biggest concern here jobs and the protection of jobs? ge, an american company that has a little bit less of that french style culture and it, represents a bit of a threat to the law and -- hollande and company. alstom plays in key industries. seen as a negative example of american capitalism in france. it has had operations in france for a very long time. it has

matt campbell helps us break the story. tuesday morning, wednesday sounds like a pretty big day.are the key things that are going to take place between now and tomorrow? >> from a market respective, shares are still not trading. they're been suspended since friday. initially, at the request of the french market regulator. that is pending a decision that is supposed to come by tomorrow on which of these bits to go with, ger siemens. siemens board is meeting today. they will decide whether or not to effectively go after alstom, but there are some strings attached. it is ae alstom, pretty risky proposition, given that siemens is one of your biggest competitors it and will remain so. siemens is going to take your energy business and give you its trains business. you are denoted energy numbers look like. you're going to give that it is siemens. two-putting much nor your trade statistics like in your men to the trains business from siemens very its is a really matter? >> perhaps not. that is a bit interesting. >> if any open the books and >> will seeay -- his problem that ends up being

joining us from london is matt campbell who broke that story for us. tell us the update. what's this meeting going to be about? >> good morning, betty. what we do know is that they are meeting in paris right about now, to discuss and perhaps sign off on this very large transaction with general electric. allison's shares were suspended in paris early this morning and they've been suspected hroughout the day. it is very close to an announcement today. >> what else has been happening with the shares of alstom? >> well, yesterday, they were flying up as much as 18% at one point. they settled up about 10% at the end of the day. investors do like the prospect of this deal and have really, cheered it in the market put what exactly is the deal look like? one thing is part of alstom will be left behind, the business that makes trains and rolling stocks will be separated from the rest of the company with the energy side, which is about 70 or 75% of the company going to g.e. and the rest remain in french. so what the new company ends up being is something investors are going to be w

matt? >> yes, campbell is not known for violence the first and only homicide this year. it is a complicated case. five young men are charged with murder, assault with a deadly weapon and a gang enhancement. police say the two, 17-year-old, and two 18-year-old, and a 20-year old are affiliated with a gang. they and a is-year-old got into an argument with 24-year-old on the night of manner 16th. >> the six subjects in the group attacked the transient and began actually assaulting him pretty brutally and at that point he retrieved a knife and familyied to defend himself stab add subject. >> the subject died at the hospital and the others are held responsible for his death. under the provocative act they can be guilty of murder because they started the fight although tharpe stabbed diaz. it was determined to be self-defense and he was released. all five suspects could face 15 years to life in convicted. >> rats are not new in san francisco but more of them are creeping out in the open because of the ongoing construction of the central subway system. that is according to the

campbell by bay -- and all bay area. >> pg&e is promising to defend itself for the roll in the san bruno pipeline disaster. matt keller has the story from san bruno. matt? >>> construction is still taking place in san bruno neighborhood 3 1/2 years after the massive pipeline explosion. the state attorney general says the inindictment is an important step in providing justice to the victims, their families and the community. pg&e is charged with 12 felony violations of the natural gas pipeline safety act. the prosecution accused pg&e of inaccurate record keep asking failing to identify threats to the pitch line. the mayor issued a statement saying the worst natural gas disasters in american history was caused by pg&e's gross misconduct. pg&e and executives should get the harshest penalty to prevent this from happening again. >>> bruno was a tragic accident, and we are deeply sorry. >>> an attorney watching the case closely told abc7 news that the statement from pg&e speaks volumes that there is in mention of anyone being disciplined, no one got fire asked no one was asked to return their bonuses. the utility fac

campbell and all the pay area, this is abc7 news. >>> welcome back, the breaking overnight in the south bay, a dozen people are homeless after a fire near the san jose state campus. >> mattkeller is there with the impact on students. >> many of the students who live in the apartment complex were asleep when the fire started before midnight last night. firefighters believe a match started it and a cell phone possibly saved the life of a young man. it started at 11:30, and the young man lit a candle and caught the match on to the couch. they walked outside and a few minutes later noticed smoke coming from the apartment and he opened the door, saw the coupon fire and called his room made in the back bedroom to get out. he ran through the flames to escape and one neighbor explains what he saw. i saw a big fire, a redness, and i knew it wasn't good. i didn't know what would happen. >> the roommate escaped but was taken to the hospital with second degree burns and a second person was treated for smoke. three units were affected and 11 people were displaced and some said they were staying with friends or the red cross would help them out. >> thanks, nearly seven years after a t