us aluminium giant alcoa _ story playing out. us aluminium giant alcoa has _ story playing out.t _ story playing out. us aluminium giant alcoa has put forward - story playing out. us aluminium giant alcoa has put forward a i giant alcoa has put forward a non—binding offer of $2.2 billion for an australian company. the ceo said he will support the deal in the absence of a better offer. if successful, the merger would consolidate a global mining portfolio of aluminium refineries under one roof. elsewhere, british firms say they are facing higher shipping costs and delays of up to four weeks due to the recent attacks in the red sea. the british chambers of commerce say more than a third of firms surveyed have been affected and that added costs could contribute to higher prices in the uk economy generally. the husband of a bp employee has been charged with insider trading in the us. the us securities and exchange commission alleges that he eavesdropped on his wife�*s work because when she was handling the bp aqua acquisition of a company, and he bought shares making profits of $1.7

alcoa looking to buy their australian partner. alcoa shares down about 3%. quick reactions i was seeing from some of the analysts is that maybe the price is a touch rich but this could also be some of that potential merger arbitrage, on the potential deal given that this is not binding, so there are still a number of hurdles that have to be cleared but merger monday does seem to be at least across the pond playing out. katie: and you do have the likes of morgan stanley saying that other bidders are unlikely. it is interesting to see if and when this one closes. talk about moderna. this is a stock, an industry that you tend to follow. bailey: downgraded to a cell equivalent. uncertainty around the potential revenue growth outside of those covid shots. when you look at moderna, it became a household name in 2021 during the covid pandemic, right now, down 3%. the analysts saying the covid-19 vaccine transition will last throughout 2024 but what kind of happens after that is still a question. they call out some weakness in their rsv vaccine data which could put

us aluminium giant alcoa has put forward a non—binding offer of $2.2 billion for australian company aluminae will support the deal in the absence of a better offer. if successful, the merger would consolidate a global mining portfolio of aluminium refineries and smelters under one roof. despite contributing just 3% of global co2 emissions, africa is experiencing serious climate problems. one company, infinity power, hopes to make a difference. we caught up with the company chairman and asked him if they are close to the target. we currently have 1.3 gigawatts in operation across three countries. egypt, senegal and south africa. we produce a400 gigawatt hours per year. powering almost two million homes. the biggest challenge we see in africa is basically the bankability of projects on the continent and the grid capacity to be able to evacuate the energy into the grids. in senegal, we havejust seen, a significant delay by nine months, their general election. this is a real concern, the impact it will have on democracy there, where it is seen as a bastion of stability. you operate in senegal.

alcoa making a $2.2 billion takeover offer for alumina. alcoa had offers for alumina.ess reliant on others to supply refineries and better weather swings. >>> south korea boosting shareholder returns seeking to replicate japan. the nikkei is at an all-time high and south korea's measures are tax incentives for shareholder returns and korea value up index for firms that improve the corporate governance. >>> taiwan semi opening the first japan factory this weekend. it is trying to diversify the supply chain while mitigating risk. the company is expected to start construction on the second factory in japan by the end of the year. >>> we have big changes to the dow and trans porttransports in opening bell. uber and amazon changes the importance of individual stocks within the price weighted index. the higher the stock price, the more it moves the index. uber replacing jetblue with the .25% weighting. amazon will have a nearly 3% weighting replacing walgreens. it is important to note due to the stock split, walmart is lowered to 1%. i spoke to a number of investors and anal

this is alcoa ob rated by another business associate, during his transcribed testimony he said "from my direct personal experience and subsequently have come to learn it's clear to me joe biden was the brand being sold by the biden family." now according to the oversight committee joe biden met every foreign associate his family sraoefbed money from, how convenient. now they're facing questions it sounds like everyone is going to suddenly have amnesia out of nowhere. it kind of reminds me a bit, you know the mob leaders showing up in court in pajamas and in their cases it's all an act. we do know joe biden in his own words bragging on tape. i said you're not getting the billion. he leveraged a billion u.s. tax dollars to ukraine. unless you fire a prosecute whore is investigating what? oil and gas giant paying his son hunter who sat on the board. here is what biden can't answer. why was hunter biden paid millions of dollars sitting on the board in the first place? we know based on his own words on good morning america he had no experience in energy what so ever. no experience in ukra

a chemical company, do you see alcoa down nearly 9%. so, there's lots of sectors in the market that just act really poorly. i don't know if you saw the auto stocks. i could go on and on. there's plenty of groups that you might think about dollar cost coveraging or getting on the other side of this hiking cycle and what it might look like when we normalize rates, we get the economy in the spot where the fed wanted to get it to and inflation is manageable, all that sort of stuff, the geopolitical stuff is less of a concern, but you don't have a choice right now. the point you guys are making, hiding out in those names, those are the names that are going to crash the market. if there's a reason to sell the stocks -- remember google a week ago, after its earnings was trading down 7% until the rest of the things got back on their horse? we lost tesla, so, if you start losing these things, fundamentally one by one, don't think for a second, february 22nd, the day after nvidia reports, that stock could not be down 15% or something like that. i

australia's illumina has agreed to a $2.2 billion takeover offer from alcoa.int venture partners in a mining operation. it will increase five of the largest 20 mines and five of the 20 largest refineries outside of china. the stock is moving in different directions this morning. domino's shares hitting multiyear highs after a profit beat for the quarter with same-store sales up nearly 3%. the company raising its dividend. big move higher 9%. don't miss the ceo on "power lunch" at 2:00 p.m. eastern time. >>> and a number of consumer names hitting fresh 52-week highs this morning. amazon, home depot, hilton, tjx, mckesson and more as retail earnings condition -- continue as well. >> let's get to rick santelli. good morning. >> good morning, carl. new home sales for the month of january expected to be 684,000 seasonally adjusted annualized units, comes in a bit on the light side at 661,000 units. last month downgraded from 664,000 to 651,000. maybe the most important issue to remind viewers is the last time we were over 700,000 was in july of last year. we rememb

. >> if you remember alcoa had some problem, in other words, a tile company making certain products, to switch the kind of material they used. >> yeah. >> boeing finger-pointed. said, listen, we buy this tile from these guys. it's no good. oh, my god. he's going to talk simon and i got simon on tonight. >> you do? >> we made peace. >> i'll give a little tease. simon -- >> i hope you're positive. >> the rumors of that company's demise, i think, have been greatly exaggerated. >> he's fantastic. >> there was a period where we talked about the decline of the mall and it isn't as though there are a lot of malls, particularly let's call it the b-level malls that are in bad shape, but when you own the good properties, as in really office even as well, when you own the really top of the market, you're doing fine, and simon property group, no exception there. >> oh, i love -- >> the quarter that i guess i'll let you opine on. >> you gave it an 8.3%. >> 30th anniversary as a public company. >> how much he's given. >> total share up 131% over those 30 years. not bad. >> one thing funny on the c