randgold was also up after the deal with barrick.ot see a lot of oil companies in the gainers. we are in algeria. our focus on oil continues. let us look at the downside. a warning from thomas cook. some companies are moving down in sympathy. the cfo at thomas cook is going. down by 2.7%. ryanair is weaker as well. down by 1.7 percent. let us get a bloomberg first word update from dubai. the u.s.-china trade war has entered a new phase. in a significant escalation, $200 billion of chinese products are now subject to increased levies. at the same time, goods from the u.s. will be subject to chinese tariffs. china called off trade discussions with washington saying they could not happen under the threat of u.s. tariffs. u.s. -- oil prices are higher today after donald trump demanded that opec take action. the group said it would boost output only if customers requested it. , saudi arabia, russia, and their allies signaled less urgency and stopped short of promising specific extra volume of crude. addition --ing in additional 1.5 billio

dollars according to randgold wrangled is headquartered in the channel islands with gold mines on the ivory coast. at the democratic republic of congo the price of gold is under pressure since february the precious metals value has sunk by more than thirteen percent some analysts believe the merger could boost investor confidence in business with you. it engineering it's conceivable. using cells it passes as a protective shield pumping ocean bows and. removing carbon dioxide. but is that really a good idea what about the side effects. tomorrow too to. enter the conflict zone with tim sebastian. i'll be challenging those in ca asking tough questions demanding muslims. as conflicts intensify i'll be meeting with key players on the ground in the sun zones of. cutting through the rhetoric holding the powerful to account for scott's a comfort zone. conflict zone with tim sebastian on d.w. . story so that people who hold on for g.w. on facebook and twitter up to date and in touch and follow us on. climate change. waste. pollution. isn't it time for good news eco africa people and projects t

with a market cap of $12.2 billion, twice the value of randgold.dgold experience navigating the tough business environments in africa. >> hong kong airport set a record for passengers and flight movement. passenger volume grew 5.2% from a year earlier to 6.8 million. that was driven by resident travel, which saw an percent 8% increase.n asia.s it from daybreak our markets coverage continues as we look ahead to the start of trade in hong kong. haidi: we will be watching for reaction in the chinese markets as we are counting down to win this next round of tariffs will come through. this is bloomberg. ♪ >> this is "bloomberg markets: asia." a quiet day. falling as investors seek safety. investors seek safety. >> canceling trade talks with talks just hours away. more punishment if beijing responds. rishaad: rebuffing the demand for cheaper oil. and from hero to zero. what has gone wrong over the past few months.

barrick gold buying randgold resources for $5.4 billion. mark bristow will be leading the company. at a conference. what do the companies get in this deal? >> it was a lot more fun with a merger on the eve of the conference, but i think it's mainly about production, especially from the barrick side. gold miners are under so much pressure because gold prices are low, so shareholders want to see a bump up in production. gold is finite, obviously. i think the hope is you put these companies together, have them tackle some internal exploration together, and maybe you get something where the some of the pieces and zip eating something a little bit greater -- some of the pieces ends up being something a little bit greater. they are both focused on generating free cash flow at local prices, anything above $1000. in that sense, it seems like a good fit. alix: what i find interesting is that randgold resources, operating mostly in africa and mark bristow is about cutting costs. he is all about the cost curve and all about telling it like it is. what does he want to do with the copper mines

it will be randgold, on the deal with their, which has been agreed. 66% of the combined company. it is our executive editor for commodities and energy -- gold goes up, i wonder what he says. give us a call. the industry needs consolidation. this potentially make sense. >> it does. 50 years ago, you had a ton of oil and 10 grams of gold and these days it's about one gram. you have to dig up the statue of liberty's worth of gold to get two teaspoons -- that doesn't make a lot of sense. if you think about the cost involved, the bigger you get, the better. >> these strategies are quite similar's elliott accents. >> it does, and there's a geographic issue here. it is obviously outside north america as well. in some respects they do you risk, sort of, may increase their abilities to get costs arrow where it is getting harder to find. >> thank you so much to stuart wallace, a quick update on this. now to sky and comcast, which got a bidding war victory. it is on the pricey and to a prolonged bidding war for europe's largest satellite broadcaster. seal.bring

in other deal news, barrik gold is buying south africa's randgold in a stock deal for $18 billion.t creates the largest gold producer who will have a dominant position in africa. shares of both companies are higher randgold up half a percent and barrick up 2%. >>> we are getting started with a very busy merger monday at "worldwide exchange. >>> up next, turning up the heat a new round of tariffs against china will begin today we're live with the fallout there. >>> plus, making a major comeback tiger woods capping off thyee ar with a big win we'll recap his pga win when we come back. >>> 5:12 on this good monday morning. thanks for joining us on cnbc. here's how your money is shaping up right now september was supposed to be the worst month of the year for the market guess what, the dow is up 3% this month so it's actually been very solid today not continuing that trend. we're seeing the dow futures indicating a slight drop of about 55 at the open nasdaq and s&p futures are down as well today but, hey, listen, it's been a pretty good run for normally what is a bad month most of asia

new merger in the gold industry the canadian mining company barrick gold has taken over its rival randgold and that makes it the largest gold company worldwide the new merged company will have a market value of around eighteen point three billion u.s. dollars according to wrap gold gold operates gold mines on the ivory coast mali senegal and the democratic republic of congo the price of gold is on the pressure since february the precious metals value has sunk by more than thirteen percent some analysts believe the merger could boost investor confidence. and that is your business update here on d w more to come in the next hour see you then. respect women in particular. brand new series. my name is larry finn music of an. old. and maybe even a creative super woman. next on. the film reality. shows things in a different love's. miter. get inventive see it in season cut it dissolves in space into endlessness. one of the greatest artists of our time james to have a holiday on. in sixty minutes on d w. a contentious figure at home. in germany. gorbachev is one of the great heroes of the twentie

derek is buying randgold. bloomberged by a analyst joining us from princeton.omcast overpaid here. how does comcast justify the purchase price? >> i think investors are little bit spooked about this. to give you some kind of context, comcast is paying about a 15 x multiple for sky, one of the highest among recent m&a deals. it is about two times the multiple at which comcast is currently trading, which is anywhere between seven and eight x. it is kind of a little bit of a head scratcher, especially because when you look at sky, their principal operating platform is the satellite distribution business, and that has really been if you'd with a little bit -- viewed with a little bit of skepticism in the united states because it is an obsolete technology. best in class operator and has some great technology. they are ramping up with one of their platforms, and i think comcast will look to collaborate on the technological front with their own technology. probably leverage some of the programming investments they have made at nbc, as well as with sky has achieved. in

barrick and randgold getting together 18 billion dollar merger.estment firm call this more a case of two drunks supporting each other. rather than a deal based on strength and merit but both stocks are up significantly. 6% for barrick 70% of randgold sears pushing new plan to help the company avoid the bankruptcy getting rid of selling 1.7 billion worth of assets. that stock is now down -- he's facing and running out of time and money. i guess -- few minutes ago it was 7% now it is down 9 cents. 7%, and the head of the publicly traded company in marijuana company says he's prepare for potential changes that could make his products available in america. do you think he's going to happen scott she? >> slowly but surely but more accepting and, however, when it comes to investing it is kind of taking on -- a little bit bitcoin taking on that feel so i think it is a little bit way too dangerous and early to get involved now. but somewhere down the line, fda nowhere near this when it the gets involved then something to say for you to invest in. >> truly

shares of barrick gold and randgold trading higher. >>> take a look at u.s.s on this hour a little bit of pressure after dow ending at the highest level on friday. >>> it was only a year ago that president trump blasted kim jong-un calling him a rocket man on a suicide mission the president returns to the u.n. this week eamon javers is getting ready to leave washington for new york. a lot of different situations this time around. >> yeah, becky, that's right the president is waking up in new york city this week where he'll be for a couple of days at the u.n. general assembly starting this morning. the president facing some significant political pressure at home. at the u.n. he'll be focusing on foreign policy, north korea, iran, russia many touchy issues to deal with in new york city some political pressure on brett kavanaugh, his supreme court nominee. also the administration here dealing with fallout from the report disputed in "the new york times" over the weekend that alleged that rod rosenstein, the number two official at the department of justice, had d

buying randgold in an $18 billion power play, solidifying their dominance and giving the firm a more dominant position in africa. both companies are seeing luster in the partnership. barrick and randgold moving higher. >>> breaking this hour, just a few blocks up the road from our fox business studios, president trump just concluded a bilateral meeting with the president of the republican of korea, moon jae-in. in this hour, the president is expected, i need you to stay with me, expected to attend a signing ceremony in which he will sign his first major trade deal and it is with south korea. the united states/korea free trade agreement, we will take you there live as soon as we have the pictures. this is something president trump can really hold up as a success story for bilateral deals. again, there are some people who feel he should have stayed in the trans-pacific partnership which included a lot of pacific nations including south korea. right now, all eyes on the united nations here in new york city. they are all descending along with fox business. we are live at the epicenter of

. >>> in another deal barrick gold is going t buy rival randgold billion. they will be the biggest goal miner. shares were higher in today's trading session. >>> and there were more deals. sirius xm radio is buying online streaming serviceandora for $3.5 billion. that deal comes amid heightened competition from streaming muse sib apps and podcasts. shares of pandora and sirius fell michael koors is reportedly interested in buying versace in a takeover that values them at 2 3w8d. michael koors has been looking for both in the luxury line to competeith lewis vuitton and coach. shares of koors finished the day 8% lower. >>> despite today's pull back in stocks, thearket does remain near all-time highs but will investors continueo take on more risk and lift equities even further? mikeantoli takes a look. >> reporter: stocks are about to enter the fourth quarter in good position for a winning year. the s&p 500 is up 9% so far in 2018, on tra for a better 12% annual gain. along the way the market has rakd up points against some stiff resistance. concerns a that tr

while the chief executive of randgold will be the ceo of the new business.replaced its after an unusually hot european summer forced it to slash its forecasts. that is a bloomberg business flash. much. thank you so the u.k. opposition labor party is bracing pressure on theresa may, proposing the option of a national vote on brexit. peter jeremy corbyn saying he will decide whatever the people decide. we had a flurry of headlines over the weekend. of the realistic risks out there, are they a snap election? are they a second referendum, no deal, none of the above? sonja: i knew we would end on a cheerful note. to put it in perspective, i think the events around salzburg last week were classic events. the lack of understanding on both sides around sensitivities, red lines. it is clear that televised speech of theresa may friday afternoon set the scene for what is next. again, she reiterated that no deal is better than a fair deal, and really creates the impasse that seems to have to be off the table. you wonder how they can continue the negotiations. still arou

they randgold and so question of to take a look at the both of the stocks this morning a down, and look at iran gold that is surge hg 5.25% in the premarket. >> big story comcast falling underneath scrutiny after winning takeover battle for sky. >> big story over the weekend we have results and tracee carrasco joins with us that and other headlines making news this morning. good to see you tracee. >> yeah comcast 38.8 billion dollar bid and a rare auction held by british regulators over the weekend. that secured control over sky. it easily passed 21st century fox bid, however, or there are concerns on wall street that are incapable analyst craig move said it is a premium over market e evaluation of sky. shares of fox business parent century fox are up 28 pbility this year shares of comcast are lower in the premarket. there it is right now. and shares of sky are up, 50% this year. european stocks are down, but sky as a trade in europe is about 9% this morning too. let's talk about advertising giant wpp shaking things up. >> that's right wpp may be preparing to consolidate major businesse

new merger in the gold industry the canadian mining company barrick gold has taken over as rival randgold that makes it the largest gold company in the world the new merged company will have a market value of around eighteen point three billion u.s. dollars according to run gold it's headquartered in the channel islands but operates mines in the ivory coast mali senegal and the democratic democratic republic of congo the price of gold is on the pressures and february the pressures metals value has sunk by more than thirteen percent some analysts believe the merger could boost investor confidence advocates of a cleaner and greener fashion industry say a shift in the way designers do business depends on demand in other words as a loss to consumers to make the sector more sustainable others argue fashion houses are the ones sitting on mountains of cash which could be used to change consumer habits here's what's trending at milan fashion week but beauty may rule the catwalk. but as soon as the lights go out fashions ugly underbelly is plain to see . clothing produced in sweatshops animals tor

agrees to be acquire by siri for 3.5 in stocks there are some action in metals, barrick gold buying randgoldesources. when we come back, we'll get futures in the red and back in a moment and serve with confidence that it's safe. this is a diamond you can follow from mine to finger, and trust it never fell into the wrong hands. ♪ ♪ this is a shipment transferred two hundred times, transparently tracked from port to port. this is the ibm blockchain, built for smarter business. built to run on the ibm cloud. this is the ibm blockchain, built for smarter business. [kno♪king] ♪ memories. what we deliver by delivering. that's confident. but it's not kayak confident. kayak searches hundreds of travel and airline sites to find the best flights for us. so i'm more than confident. kayak. search one and done. ♪ >>> all right, we got about eight minutes before we get started for trading here time for "mad dash" with jim, we'll go down the turnpike and take it away, jim, what do we got today? >> 90 miles down, i got to tell you, david, it is really rare in the last couple of years do we see any device ab

barrick gold and randgold and 6 billion-dollar deal. i could go on and on.ould talk about michael kors and versace. the are rampant. not enough to offset fierce that gains are short-lived, i must stress, for one day. what would it look like... ...if we listened more? could the right voice, the right set of words, bring us all just a little closer, get us to open up, even push us further? it could. if we took the time to listen. the most inspiring minds. the most compelling stories. download audible. and listen for a change. download audible. ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. your insurance rates a scratch so smallr you could fix it with a pen. how about using that pen to sign up for new insurance instead? for drivers with accident forgiveness, liberty mutual won't raise their rates because of their first accident. ♪ liberty. liberty. liberty. liberty. ♪ neil: all right. the president is at the united nations ahead of his big speech tomorrow morning. he meets with a number of key

the world's largest gold miner worth £14 billion will be created by the merger of jersey—based randgoldndon will lose its biggest gold stock. let us show you the markets... the ftse 100 let us show you the markets... the ftse100 is off by .13%. that's all the business news. thank you, ben. we will catch up shortly with the weather. in a moment we leave viewers on bbc two, but first we can cross the newsroom to simon king. apologies, we have a technical hitch. we will try and fix that. it's been revealed that more than 10 million people watched the final episode of the bbc drama series bodyguard last night. the audience reached its peak — 11 million — in its finalfive minutes. it beat the entertainment show x factor in overnight ratings, which was watched byjust over five million people. apologies about that. we have got the sunshine. just a few showers into the north and west of scotland. a few showers for the north and west of england and north wales. for the afternoon those temperatures will get up to 1a or 16 or 17 degrees. through this evening and tonight, beneath those clear skies,

following this announcement check this out, shares of barrett gold much higher in premarket and randgoldthis morning. topping the box office in weekend popular children's book starring jeff black. >> wewe-- we are perfectly safe. >> the house with the clock in its walls estimated $26.9 million, in third place the nun and crazy rich asians and one film that did not crack the top 5 michael moore's fahrenheit, opened with $3.1 million, did he lose his audience, maria? maria: yeah. looks that way. thank you, lauren. trade tensions heating up; we are breaking the latest back and forth between u.s. and china, big week for that, we are getting into it, 300 new terms now coming to scrabble including emoji, we have the list, stay with us. insurance that won't replace the full value of your new car? you'd be better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing