we usually see mna at the top of a cycle. there's some tech companies that need to make mna for strategic purposes. google, one of the largest market cap companies in the world closed down last year. people are starting to see the fact, that it's great to have a lock on desktop search. but competition's increasing. i think they'll use the $65 billion to start making acquisitions. i'll tell you who they should buy. i don't know if they will. but it's twitter. you think of twitter, with the public market cap and the fact that facebook paid $22 billion for whatsapp at had no revenues, this needs to get snapped up. google has a search problem. they don't have a social media strategy. and i think twitter, inside of the google enterprise would make a lot of sense. >> i have to say, this is the first time i've actually heard that. and i think it makes a lot of sense. a lot of people talk about twitter. and their difficulty monetizing the thing they're doing. they think they're socially relevant, which is what google has struggled to

. >> here's the thing, usually we see crazy mna at the top of a cycle. i would make an argument some tech companies need to make mnas for tragic purposes. google, one of the largest cap companies in the world closed down on the year last year. i think people are starting to see the fact that, yes, it's great to have this desktop surge and mobile surge, margins are going down, competition is increasing. i think they will use that $55 billion in cash on their balance sheets to make acquisitions. let me tell you who shea should buy? i don't know if they will. it's twitter. when you think of a $23 million market cap and facebox rbook paid for one app that had no revenues. this thing needs to get snapped up. they have a social media problem, meaning they don't have a social media problem and twitter pence the goingling enterprise would make a whole heck of a lot of sense. >> i have to say, this is the first time i've actually heard that. i actually think it makes a lot of sense. a lot of people talk about twitter. they think they're socially relevant, which h

>> we have a strong mna franchise.roach to this is that we like to work for corporate and management's. that has been our approach today. we are comfortable with that. the activists are big customers of the firm. on the mna site, we work for companies. >> what do you think of sports franchise valuations? it seems crazy. does it seem out of whack? >> when you think about the increase in the value of media rights and increasing -- sports is one of the few places. >> and bloomberg tv. >> a must have, without saying. when you think about it in the context of what is happening in the media industry more broadly, it makes sense. these are trophy assets and people are competing for them who sometimes think of them purely as investments or for other reasons. >> trophy assets for teams -- a team that can win. -- can't win. >> with monetary policy moving at different speeds now and the nights it's moving towards a tightening at some point and europe initiating quantitative easing, what does that mean for -- >> we have seen this

last year the mna market in consumer and retail was twice the size as it is in tech. that's how large the consumer and retail companies grow. >> actually get the products that they want they tend to buy it or -- >> they do. if you look at the last 10 years, nestle or coke, you can count how many brands they started on one hand. they buy new brands. >> what are the risks? >> private investing is high risk. you asked about the failure rate earlier, it's high. and to accommodate for that people have to be ok with the long-term hold. typically these companies take 4 1/2 years to earn a payback. many investors can't afford to wait that long. another key consideration is diversification is critical. if you only invest in one or two companies, it's hard to be successful. >> this is not a hey, let's sell this thing to google and get out. this is a slow growth salad dressing. >> no. i disagree strongly. i mean, what i was saying before, the mna market was twice the size -- >> so we hope that we'll be bought out by. >> you're twice as likely to have it happen. >> that's fantast

let's talk mna. we bring you the details of that deal and what to expect going forward. >> we will also be talking about other deals in the pike when we get an outlook for the rest of the year with when we talk with richard nod day. coming up after this break. >>> global security meeting in the wake of devastating attacks in france. this is as 4 million people take to the streets in a show of strength. >> our eye is on oil. oil continues with wti over 2% lower. adding to russia's wows after fitch downgraded to one notch above junk. >>> cyprus' finance tells cnbc it's not worried about con teenageon and the worst for his country is over. >> we're coming out of danger zone. and even the recession seems to have run its course. >> and cnbc learn that's european central bank could be ready to announce a quantitative easing based on the contributions made from national central banks. >>> now struck a deal to buy u.s. drugs maker pharmaceuticals for $5.2 billion or $46 in cash. this is the first deal since

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closings in the first quarter, that will really now change it to the hopes of what could happen with mna from putting numbers down in the record and really executing on a lot of the plans on the integration side and really start to see the benefits of these mergers come together. >> reporter: medical device makers may be worth a look but think twice about certain retailers. according to past performance, at least, game stop l brand and kohl's brands slumped in january, thanks in part to holiday sales data. telecom companies tend to fare poorly at the beginning of a year. centurylink tumbled on avrng 10% the last data and at&t and frontier usually fall 3% as well. keep in mind how stocks fare in january doesn't always serve as a good indicator for the rest of the year. contrary to the so-called january barometer theory. this year the s&p 500 slid lower in the first month. but it's ending 201412% higher. for "nightly business report," i'm morgan brennan wishing everyone a happy new year from the nasdaq in new york city. >>> there are big three themes investors need to keep in mind for the

. >> that is an mna joke for you out there. joy reid? >> i'm a little jealous of jess. a little down, i want the lowest number on the board to explain my sadness. three. will it deliver for joy? rick perry. >> rick perry. he has three good reasons to run, but he can only remember two. >> the former governor of the lone star state is pack, and now he has four eyes. he is former texas governor rick perry. >> you know -- >> that is -- >> i'll tell you what, if cool glasses could make you president, chris hayes would be president all of the way. he has a huge job proving that he is ready, but i think that he will get in. >> you just got yourself hundreds of points. >> literally hundreds of points. >> that's all i need. >> i have a lindsey graham deficit. the next number on my ranking board is 14. >> that is exactly what i thought it would be. sam seder looking for that big money, help him out. a whammy! >> i'm terribly story, you have donald trump. a second whammy, you have both whammies? >> i spent time prepping for what number i would pick. >> we will come back to you at

mna, you might see it go up about a quarter. the capital markets, up 39%. if you have been in fx, you're likely to see your bonus down 43%. >> thank you very much. >> let's look at some of the other stories we are following. bp has been told by u.s. judge will face a maximum fine of $13.7 billion. the figure is based on a ruling that the oil giant dump 3.2 million barrels into the sea, a quarter less than the government captivated. >> a start warning for christine lagarde on prospects of the world's economy. she says that an unemployment are weighing on many countries and the covering in the u.s. and lower crude prices might not be enough to stimulate global growth. >> the oil price and the u.s. growth are not a cure to deep-seated weaknesses elsewhere. too many countries are way down by at least two factors. high debt, high unemployment. too many companies and households keep cutting back on investments and consumptions because they're concerned about the growth tomorrow. >> to suspected terrorists have been killed in a shootout with police. a third suspec

it is expected that mna will rise. show is among the lower of the oil companies in europe. low 15%. -- below 15%. >> it was the sunday telegraph. it is always the wrong time for bp and shell to get together. is that a pipe dream? where are we in the big story of grand coalitions. >> the overlays between bp and shell are not as interesting. shell might be more interested in brazilian assets. >> there is a petrobras name that could come in. will not say names. >> from an analyst point of view. >> the sort of assets could be among -- >> one of the more compelling reasons to buy the stock is the dividend. are they safe? the dividend, with cash flow? >> the last time the oil price crashed, as it did now, the most sacred things with will countries are dividends to read even though cash was lower at that time, went down a lot, dividends were held at all costs. >> that is very interesting to read is that something the sector does? >> a lot of people by oil companies because of the dividends. >> you were mentioning nigeria. there has been untold, dreadful violence. much of their ope