company newmont buying a canadian company goldcorp and rolling it into the denver-based newmont coldcorpremium to the 20-day moving average on goldcorp stock. the stock right now in the premarket not reacting fully maybe there's anti-trust concerns, maybe the market thinking the deal won't go through. either way, goldcorp stock has been gone from 30 to under 11 over the last five years >>> more on that coming up mean time, here is how your macro money and markets look right now halfwayly the the 5:00 a.m. hour. stock futures indicating what could be a relatively sizable drop at th exploring possible military actions with iran over the weekend. dow futures down 242 points right now. s&p and nasdaq futures indicating a similar drop on this monday. now, there is a lot going on this week. this morning, too, that could turn this around here is your wall and week ahead. today, the shutdown entering its 24th day you have the detroit auto show sort of officially kicking off and those citi group earnings due out in 90 minutes. tomorrow, you have the numbers out of big bank jp morgan chase and tha

i am here with gary goldberg the ceo of newmont.t announced a $10 billion acquisition, very transformational, one of the biggest in the sector. the stock of newmont has not performed well since the announcement, it is down 10%. of explainingtion the rationale to investors or do they have reason to be worried? >> you are spot on. we need to get around and talk to investors and talk to potential investors and describe what is a big change not only for newmont but the industry in terms of pairing up with goodorp, they have complementary assets that fit into our portfolio well. we have four operating regions that we will go through and assess and decide which operations we are going to continue to work with, value versus risk. look at our own as well as theirs. reshape that portfolio and target a six to 7 million ounce gold producer that will be set for the next couple of decades. thelargest reserves in industry and great projects and great operations we bring together as well as good expiration prospects. >> this deal comes hot on the

is not considered -- newmont is a strong -- >> consistent. >> which is why you have to hope, newmontstock deal, it will be down. >> getting shorted potentially by those setting it up. >> you see why people own gold, physical, and the gld. companies seem to have a hard time keeping their costs down. gold had a very good move here people don't seem to realize it is not moribund anymore. these deals are occurring. david, i guess -- how many mines do you need? >> i don't know. these mines are not in tougher places, they're in canada, the u.s., south america, places that are stable, friendly, not just going to close your mine down one day because they don't like you. >> which is what -- that has been the case for randgold free port has some gold, always been a little tenuous. i remember mark bristow during the height of the ebola epidemic, talking to me i said your mines are right in the center of it he goes, what you do is you fist pump, you don't shake hands. i thought that was a short-term resolution, terrible fist bump you had the flu last week. carl i would not have fist bump you had

. >> and gold consolidation, we'll hear from the ceo of newmont mining after the acquisition of goldeating the world's largest producer of the metal. >> both goldman and bank of america topped expectations, b of a of 5% and goldman first quarter reports under new ceo with a closer look at earnings great to have you here, tom. >> great to be here. >> seems like the lessons have been core businesses pretty solid. credit looks okay. yeah. >> and the trading activity in december we understand. >> the greatest fears didn't materialize in the fourth quarter. as you know, after the third quarter there was a sense gross domestic product was decelerating we took on average bank earnings growth estimates down 10% to 7%. there were concerns it could be much worse and i think what you're seeing today and yesterday is actually somewhat of a relief real which is none of those worst fears are materializing. >> is the story. do you think it's turning into a '19 story of growth, loan growth >> there will be loan growth but everything is going to happen just slower in our opinion a lot of biggest cast

and the one thing that newmont's always been good at is squeezing the costs. may take a little while, but the price of gold is generally kind of inverse to the dollar so if the dollar starts to weaken a little bit, that should be good for gold and good for newmont. >> you mentioned kroger and verizon. you think the economy, it's okay out there? it came up this morning in davos saying here in the halls everyone's pessimistic but out there in the american economy, it's still pretty strong and we had a great year until about september. and the latest hiring information we've gotten is still pretty good. so you're upbeat on the fundamentals >> yes the economy is going to be strong this year won't be as strong as last year. but 25%? you don't have those type of repeat earnings. those will provide some backdrop and a cushion. but we do expect more volatility just because we're moving into a period of a little bit slower growth overall on the economy. >> barry, always good to talk to you. thank you so much. >> good being with you >> that's barry james joining us >>>

that newmont, very competent management team. done a good job over the last few years.e would expect them to do a good job rationalizing the asset and allocating capital to the best opportunities within the portfolio. agnico eagleof speaking to alix steel earlier today. taylor: shares of lululemon are heading for their best day since august after the company boosted fourth-quarter sales and profit forecasts. kailey leinz is here with more. kailey: culinary results looking good. we will not get the official print until february 3, but they raised guidance, and of estimates. they see same-store sales in the fourth quarter, growth in the high to mid teens, which is much better than they previously thought. we thought they would be in the high single too low double digits. this shows they are sustaining incredible comparable sales growth over the last couple quarters. this is a different story for their holiday period than we have heard from retailers like macy's and kohl's, which did not see christmas strength and disappointed with that forecast. lululemon seems to be buck

one is newmont mining is buying goldcorp, right? yeah i think. >> yeah.not what we're saying there valued at $11.46 a share >>> newspaper publisher mng bidding 12% a share. "the wall street journal" had reported over the weekend that a bid was pending. >>> all right. coming up, fast company profiling masa san plus mike pompeo meeting with mbs. details of the meeting coming up "squawk box" will be right back. this is stonington, maine, a town where almost half the population is self-employed. lobster fisherman is the lifeblood of this town. by 2030, half of america may take after stonington, self-employed and without employer benefits. we haven't had any sort of benefit plans and we're trying to figure that out now. if i had had a little advice back then, i'd be in a different boat today, for sure. plan your financial life with prudential. bring your challenges. the latest inisn't just a store.ty it's a save more with a new kind of wireless network store. it's a look what your wifi can do now store. a get your questions answered by awesome experts store. i

people are confident in the management of newmont.em is how quickly are they going to be able to turn around and improve the performance of the goldcorp asset? to deliver the value for shareholders. what are we expecting in terms of production value the $7.9 billion. there will be taking over the top spot from randgold, which is a little over $6 million. much whichnk you so john javier. the auto business will be solid this year, and yes, american automakers are closing factories, cutting shifts, and laying off thousands of employees. that is next. this is bloomberg. ♪ amanda: former ceo john mack it says the auto business will be solid this year. david westin spoke to him at the international auto show. >> i think the auto business is going to be solid. the economy itself has signals that create uneasiness. i don't think is any markers that say you're going into any kind of recession right now. amanda: david welch has written that the next american car recession may have already started. david, we do have signs of strength in some par

a gold corporation and newmont. to create the largest gold company. it has been on the move. we will have more details. stay with us. ♪ (vo) here's a question. was it necessary to create a luxury car more teched out than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions before you even make one. was all this, really necessary? what do you think? ♪ i can do more to lower my a1c. because my body can still make its own insulin. i take trulicity once a week to activate my body to release its own insulin, like it's supposed to. trulicity is not insulin. it works 24/7. it comes in an easy-to-use pen. and i may even lose a little weight. trulicity is an injection to improve blood sugar in adults with type 2 diabetes when used with diet and exercise. don't use it as the first medicine to treat diabetes, or if you have type 1 diabetes or diabetic ketoacidosis. don't take trulicity if you or your family have medullary thyroid cancer, you're allergic to trulicity, or have multipl

on future now.cnbc.com >>> staying with the gold story, newmont mining down more than 9% since monday when the company announced a $10 billion deal to buy out canada's goldcorp. earlier today, i spoke with ceo gary goldberg. here's what he said about the company's stock performance. >> what we are in the process of doing is making sure that people understand the benefits. this is going to be the largest reserve base that anyone has in the industry we're going to have 18 operations, and we're going to do all the things that we've done over the past five or six years that's put newmont in a strong position to make sure we optimize those assets, bring projects on when they make sense, not just because we're trying to grow production but do it when it brings on the best value. >> by the way, also in that interview, they're planning for $1200 gold lower than where it is now anybody a buyer of gold stocks >> gold has never been my favorite first off, it's not a very useful metal second off, get all these trends right and what's going to happen to gold prices i generally stay away from miner

>> you want the newmont.like the rand gold and we're big gold believers here. we think gold is going to 1400, 1500 we suggest that everybody have a little bit of gold in their portfolio. i feel good about that thank you, jerome powell for getting it right hey, listen, when we see people get it right, we change our minds too. on "mad money" tonight one of the biggest football sundays of the year, domino's drivers will cover 450 round trips from boston to los angeles. i'm talking to the ceo >>> more money, more problems. i'll telling you how the strong dollar is biting into apple's potential and some of the largest companies including fedex and jpmorgan are relying on service to create the change. so i mean, they create change big time if you see what's that's doing let's talk to the ceo after earnings stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnb

david: but they will have to cleandavid: up some stuff for newmont buys them.o a lot of work but there is a lot of work in their synergies. storyms like an overtime because they also paid a premium, where baruch did not win the pot randall. david: now to the third story, we bring in brooks: from bloomberg opinion. -- we bring in brooks from bloomberg opinion. earnings did beat estimates, but they had been coming down because delta warned earlier this month that it was going to fall short on revenue per available seat mile. that is a key gauge in the industry, the measure pricing power. that coming in pretty weak right now at the .2% for the fourth quarter -- at 3.2% for the fourth quarter. the coming quarter is claiming that partly on the timing of easter, which is later this year, and also foreign-exchange, headwinds, and the government shutdown. -- government pays to spend spends to pay employees all over the country and they don't have the money right now. david: the government shutdown a serious for a lot of people in hurting a lot of people. i wonder if it

newmont buys goldcorp for $10 billion in the biggest deal in mining history.say it is now a "show me" story. u.s. shale versus opec. opec production falls to a two-year low as u.s. production hits another record. the showdown continues for prices. pg&e heads toward bankruptcy. the implications for clean energy contracts, project financing, and ratepayers in california. i am alix steel, and welcome to "bloomberg commodities edge." 30 minutes focused on the companies, physical assets, and the trading behind the hottest commodities with the smartest voices in the business. first, we kick it off with spot on.

along all the little that mischa all of newmont but it is the longer so you're going to cause when marla will do all that economy getting more external. to do the democrates receipt of you that he had to give you don't look at p. diddy's it clip of your own and she said belles was a go off on it when the other room is a real good on the bunch of cars but between there's all that to do are to do what you are contributing to you know that you don't do well such as you going to mr concrete is it to do so should. today date the economy and finance an ever present global reality we are all caught in the debt machine the debt its grip and its dictates have insinuated themselves into our work our relationships and our lives. only time will tell if we can truly afford this must a seventh relationship today. howlers the new year was seen in underwriting for many places in the east including new york flooding happened in kentucky is all a result of this frontal system which actually to the south is pretty mild now it's sweeping out of the way now it remains a cloudy system temps come down to singl

newmont agreed to buy goldcorp total $10et to billion. newmont is facing colorado.ouver. 's head is stepping down. of company has seen 2/3 profits wiped out since the devastating wildfires. investigators are trying to figure out if e.g. any equipment ignited the fighter, which could lead to billions of dollars in liabilities. cadillac's new vehicle unveiled show. auto cadillac is counting on china to give the business a boost. a representative spoke with bloomberg's david westin. hope that the trade issues are finally in the rearview mirror as the year goes by, but even with the nncertainty, it is still a enormous market with a huge upside for catalog. are up more prices two 20%, taking in almost year low in september. the ceo thinks the price range between $62 and -- $50 and $62 a barrel keeps them under pressure for now. >> i assume it is the object of consumers, and consumers are winning. [laughs] viviana: and that is the bloomberg business flash. tom, francine? tom: thank you, viviana. much going on in the united states. kevin cirilli will join us. our bureau ch

newmont mining will announce a merger valued at $10 million.paying a percent premium based on the weighted average share price of the last 20 days. this comes only three months after we saw them moving to buy randgold resources. does this mean we will see more m&a in the industry? >> that's the expectation, especially since they will be shedding the assets. they are looking at the $1.5 billion of assets, and people are thinking that the next two deals -- people will be buying of this asset. >> may have some good, complementary assets that fit well within our portfolio. we have four operating regions, and we will go through and assess and decide which operations we will continue to work with on the value versus risk basis, and look at our own, reshape that portfolio in target -- and target a gold producer that will be set for the next couple decades. >> snapchat's parents says the chief financial officers leaving eight months after taking the job. this is the latest in a number of executive defections, where shares sank in late trade. >> what pr

economic chaos, but there is clearly more to this story, because earlier this week, we learned that newmont mining is buying goldcorp which comes on top of rang gold's fairly recent merge were barrick gold when you see a spate of deals, you got to ask yourself who might be next. when you look at the smaller and mid tier gold miners, one of the best is kirkland lake gold, a company that operates in canada and australia. it has more than doubled since its shares began trading since august of 2017 more importantly, the company has given us a series of positive updates in recent months at the end of november, we learned about terrific results from the key mine in australia and last week got fabulous fourth quarter production numbers, much higher than expected those are some stellar fundamentals, and you've also got the possibility of more mma activity in the space. so let's take a closer look with tony mccooch, the president and ch ceo of lakeland gold welcome to "mad money. >> thank you nice to be here and get the opportunity to tell you lots of good things about kl gold. >> let's talk than wh

newmont, for its part, we often see the acquirer trading lower. that's what's happening now amid concerns of a diluted effect of an all stock deal. down about 8.66%. >>> and a hedge fund sees gold in them there newspapers. shares of gannett are dropping 20% as investors read about hedge-fund media group mmg's proposal to purchase the publisher of "usa today ". they are known for strategy of buying struggling local papers and is offering $12 a share for gannett. it's at $11.77 right now. $12 would be a 23% premium over friday's closing price. what we have here, it appears to be a pretty fair price. when it goes above the buyout share price, you start to wonder will a competitor come in here. mmng owns 7.5% of gannett. >>> now let's get to trying to catch a falling knife. you heard that expression? catch the falling knife is a big no-no in the real world but when it comes to investing, you are not supposed to do it either. in market-speak, it means buying an asset that's plunging in the hopes that it has hit or is near hitting a bottom. but oaktree

. >> my pleasure >> caller: i believe -- besides bullion i also own newmont mini mining. >> i don't like the deal as much the one you want to be in is coming in, and it's good, is baric gold i want to go to cesar in californ california. >> caller: how are you doing >> i think oil stock at this level, i don't want to be there. if you want to play that buy union pacific. i need to go to ed in new york ed. >> caller: booyah, jim cramer. >> booyah, ed. >> a pleasure talking to you my stock is arena pharmaceuticals. you had the ceo on approximately a year ago, and they got -- they're developing a lupus drug. >> yeah, didn't you think that's impressive >> caller: what is your thought? >> i remember saying it's going to be a great spec, but it's only a spec, please. let's go to jim in california. >> caller: hey, jim, hi, booyah. >> booy booyah. >> caller: how are you doing calling you by away of pennsylvania, springfield high school >> get out of town, go spartans, springfield in the championship. let's get them >> caller: and eagles obvious, i bought some century link at 16 today. >> oh, reall

western digital is one of the worst performers today they cited lower memory chip prices newmont miningling investors sending them down more than 8 % and ginet is jumping today m and g is one of the largest newspaper chains in the u.s. now. it has a 7.5% steak in the usa publisher. now to sue >>> here's what's happening at this hour. william barr, president trump's nominee for attorney general will tell senators at his confirmation hearing tomorrow that it is important that special counsel robert mueller be allowed to complete his russian investigation. this is according to his prepared remarks submitted before the senate judiciary committee. >>> indonesian divers recovered the cockpit voice recorder of the plane that crashed into the sea in october killing all 189 people on board. indonesian officials also telling reporters the remains of some of those killed were also discovered >>> fedex agrees to pay $35.3 million to settle lawsuits in which new york accused that company of shipping hundreds of thousands of untaxed cigarettes to residents over a ten-year period it resolved claims th

deal two days ago newmont mining bought gold corp., 17% premium gold corp.trading over the previous 20 days would it have been additive as much as it is if gold corp. was trading at 14.09, not $9.69 where it got the bid i don't think so how aboutilly's bid. lily's paying $235 per share or $8 billion to cement its role in the targeted cancer therapy space. sure it may seem excessive giving that lock sew traded $139 the week before. we're talking about a whopping 68% premium. back in july, loxo traded 192. i'm sure lily looked it over and passed based on how much it would have passed at the time. that was an opportunity for little by because it meant this acquisition was suddenly affordable finally there's bristol-myers purchase of celgene for $74 billion. this gigantic deal is a textbook example of what i'm talking about right now, right here. sure it seems like bristol-myers is paying a big premium, but wait a second, 66 bucks, celgene's stock was selling at an almost impossibly cheap six times earnings this deal only works because the pow pow bear market cr

want to look up at the tv for this next piece of tape, because at that first nato summit with the newmonteg negotiati montenegro prime minister, this is what our new president did to him. watch. watch trump. what did he do? he literally shoved the prime minister of montenegro, look, watch again, he shoved him out of the way on the main stage at the nato summit. welcome to nato. get out of my way. what's he doing? he grabs him and shoves him behind himself. that was a super weird moment for our new president. what the heck does he care about this guy from montenegro. why does he push him and none of the other guys? what has he got against montenegro degree? and then that summer that same american president randomly volunteers to fox news that montenegro are a nation of aggressive people who are going to start world war iii since they are part of nato now. it was a truly bizarre thing for this president to say. calling montenegro and montenegrans aggressive. it's not part of the moon is made of green cheese foreign policy. the president is not reading that in his briefing books, no matter w

liz: you say nevertheless whatever the fed does, newmont mining.rizon, these are disparate companies. do you think the bull market has more room to run? >> i think it is changing its seasons if you i will. last year, companies without earnings were up 17%. companies with actual earnings were down 7%. these companies i'm mentioning are more defensive in nature. we think they hold up well despite the change of seasons. what we think is happening, changeover to logical market. it sounds crazier. instead of warning companies with no earnings, it will reward companies with actual earnings. i love that. liz: very warm behind you with the trees and blue sky. we're freezing here in new york. good to see you. thank you so much. barry james. that will do it for "the claman countdown." markets will be back open tomorrow. mohammed el-erian, from allianz, the brilliant economist is here. connell, melissa. take it away. ♪ melissa: i like. that never seen that before. that was cool. let's make a deal or not. president trump's plan to end a partial government shut

funny things going on, newmont. >> i like that call. >> that deal they made recently. >> big show comingoes it for us "options action" is next everything i buy. % cash n and last year, i earned $36,000 in cash back. which i used to offer health insurance to my employees. what's in your wallet? (vo) ♪ here's a question. was it necessary to create a luxury car more teched out than silicon valley? with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand decisions before you even make one. was all this, really necessary? what do you think? ♪ >>> welcome. we are live, as always, as nasdaq's times square and we have gut a big show for you on deck here's what's coming up. >> it's the final countdown to the busiest week for earnings season, and it could be make-or-break time for wall street, as some of the biggest tech stocks in the market report dan nathan and mike coe will tell you how to trade it. >>> and if that's not enough for you -- >> i'm in a glass case of emotion. >> investors are awaiting a key fed meeting on

than all the little that mischa all of newmont but it is the longer we're going to cause we monitor with all the economy getting more external. to do the democrates you see the view that he a grave you don't look at p. diddy's read clip of you know and she said bouncing off but only when the other room is a real good on plutons of his property or there's no need to do up to do what you want to keep ability to learn i bet you don't do well such as you going to music increases to do so should. today date the economy and finance an ever present global reality we are all caught in the debt machine the debt its grip and its dictator have insinuated themselves into our work our relationships and our lives. only time will tell if we can actually afford this must a seventh relationship today. hello i have a little good news for afghanistan wanting rain release no time on the of this summer's wait is this streaming cloud the start of it if you like which looks like nothing very much but it is indeed an easy brought rain and the picture says a daytime is more a developing the eastern med might sho

on the monitor that mischa all of newmont but it was his deal longer so we're going to cause we mara with all that are going to make it in molly extra nor. do i do it democrates you see the view that he had to have you're not good little peter is it played live you know and she said paul's was a go off on it when the other room is a real good on click bunch of cars puppets where there's all to do are to do what you want to keep ability to you know that you don't do well such as you're going to miss a conclusion is it to do so should. today date the economy and finance an ever present global reality we are all caught in the debt machine the debt its grip and its dictates have insinuated themselves into our work our relationships and our lives. only time will tell if we can truly afford this must a seventh relationship to date. from a fresh coastal breeze. to watching the sunset on the australian outback. maybe surprisingly the weather pattern over south america looks fairly typical for early january good circulation daily showers giving to fifty seventy eighty millimeters of rain in f

law and all the little that mischa all of newmont but it was his deal longer so you're going to cause we mara will do all that economy good demodex to nor. will i do it democrates receipt of you levy a cliff you don't get little peter does it plenty of you don't and she said pals also go off on it when ylem is a real good on the bunch of his perpetrator is all to do are to do what you are contributing to you know that you don't do while such as you going to mr concrete has had to do society. today date the economy and finance an ever present global reality we are all caught in the debt machine the debt its grip and its dictates have insinuated themselves into our work our relationships and our lives. only time will tell if we can actually afford this must a seventh relationship today. hello there in northern australia are bracing for yet more flooding so thanks to this system here this is developing feature and it's going to run its way towards the east and as it does say it's giving us heavy rain across many parts of queensland because it's so waterlogged here at the moment that is l

newmont buying goldcorp. i would see the day where this kind of merger would happen. wi-fi in find interesting about this is a comes on the heels of -- these are now two of the largest gold companies in the entire world. this was the bogus -- the biggest gold deal ever. reserves are declining for gold and it is a quality of gold story. if you don't have good gold to mine, it costs more. that is why companies are feeling pressured to merge at this time. anyway, i am looking at that. a $10 billion deal. an unbelievable transition for the company. the third company story we are watching his pg&e. the story for this is the company -- watching is pg&e. the story for this is the company -- potential liabilities of $30 billion or more. the question is where does it go now? the ceo basically quit. we've got to said move on with a new ceo. for more, i am joined by andy. what does this mean for the bond market? andy: a negative for the bonds. should behe bonds fully covered but you don't want to get in the way of a tec

. >> >> newmont mining is buying a smaller rival, canadian gold corporation. at $10 billion f it goes through it will create the world's biggest gold company. >>> congresswoman alexandria ocasio-cortez uses social media to get her message out and she does it very well. she is the most influential democrat on social media. that's saying something. joining me, howard kurtz, host of "mediabuzz." howard, she is really good at social media. you can see the value of social media in politics today. she is astonishingly successful. >> yeah. she is a 29-year-old freshman who has been in office a few hours. suddenly has huge following on instagram and twitter and conservatives who underestimate her and mock her, are missing her talent but she is making two very big mistakes. one of them is she frequently mangles the fact. she was asked on 60 minutes, it is more important to be morally right than technically accurate. actually getting facts straight is important for credibility. she is picking fight with journalists, fact-checkers among them. that could get old after a w