>> we are writing to hear what barrick's partner wants to do with it. that is the next step. he and the executive chairman of barrick view the whole indio deposit as one optionality. maybe they can do something to put the pieces together. it will be interesting to see how the personalities work together, because john thorton has a very big sort of vision. he is all about preserving optionality. he likes to work on a lot of things simultaneously. i think mark bristow will probably be called upon to come in there and get a grip on ring any kindally w of synergy out of the two companies. alix: if anybody can do it, it is mark bristow. thank you, danielle. we battle out the impact of trade tariffs on soybeans. alan bjerga joins us from washington. chinese demand destruction, it seems possible china can mostly push out u.s. soy supply in 2018 and 2019. is that true? alan: it is true. it has been the number one supplier to china. but this leads to a price premium, there is a big demand for brazilian soybeans from china. they are trading at a two dollar bushel premium over u.s. bean

withold is combining barrick gold.rick's executive chairman will take the addition of the new group. thomas cook shares have plummeted this morning. as the tour operator replaced its cfo after botched travel forecast from an unusually hot european summer flush to pass the forecast from the stash for the second time in two months. a former lego executive will come in on an interim basis. the trump administration is considering to draft an executive order for the president that would instruct federal antitrust and law-enforcement agencies to open probes into practices of google, facebook, and other social media companies. the white house officials said it was in the early stages and has not been brought past other government agencies. lyndsay walker says the government is not part of official white house policymaking process. that's your bloomberg business flash. trying to commodities, oil prices higher this morning after opec's tepid response to donald comes commands. the group says it would boost output only of custome

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

the top line on the news is the , barrick agreed to buy randgold 46.180 billion, so this is going tooing to be a paper deal, it is going to be in shares versus cash and we will see whether the breakdown has more but i think moment it looks as if it is a paper deal with the price tag of 6.128 in terms of the payment. >> in many ways the strategies are similar, this is the reporting we got yesterday when we were thinking this might happen, both firms focused on production cost aiming to build portfolios that generate cash flow even as gold prices drop as low as $1000 stop you also have high hurdle rates for investment, eric has to have the internal rate of return of 20%. both are also headed by outspoken leaders with strong visions. bristow is a very regular guest with us. he talks about efficiencies in the cash within the company. we last time and i was here, pushed it, in terms of dividends and all the price of gold but yes, very outspoken leaders the question is what are the synergies? when it comes to the bond market, it is instantaneous. we are little lower in terms of pricing, th

and there's a 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 he

pandora agrees to be acquire by siri for 3.5 in stocks there are some action in metals, barrick golduying randgold resources. 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 s

shares of both companies are higher randgold up half a percent and barrick up 2%. >>> we are gettingrted 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 is closed today the autumnal equinox shutting down china and shanghai. the ftse in europe and the u.k. is down 1 tenth of 1%. >>> in trade news, new tariffs on 200 billion worth of chi

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

barrick, there it is, up 6.5%. 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 he

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

. >>> 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

there is also randgold and barrick gold. they continue to be in the spotlight. brandwoods is a big nike bearer. he just won his first pga golf tournament in five years. trump will be in the news. be pushing for a new on a new rounds of goods from china. the yield will be a spotlight. bank and tech weakness at last week. what i continue? -- will that continue? he is expected to get some controversial speeches with his title of america first. it does not engender that will when we have this trade dispute. things of interesting this week with president trump. it is also fed week. a hike is expected. is there anticipation about what to expect from jay powell? >> yes. this will likely be the sixth rate hike since president trump became president. this is the first one sense pleasureressed his with the policy. over the summer, he indicated to a friend that he was not pleased that jay powell, video fed chair, was not -- the new fed chair, was not keeping rates low. it is unclear what powell will said. there is a press conference after this decision this week. whether h

coors down as it is discussing possibly buying -- kors down as it is discussing possibly buying barrick, the gold company, rising as it predicts 1300 gold and arranges to buy a rival. washe winning bid for skye a losing bid for comcast investors. that stocks, plunging on worries about the prices being paid. >> it be look at the stock chart, i have a chart -- if you look at the stock chart, there is a big drop off for the month. on the day, down as much as a percent, a loss of $12 billion in market cap. analysts say this company could join the $100 billion debt club, a small club. that means pressure on the credit rating, inching closer to junk. one major debtholders says, or a shareholder in comcast, says now is the time to buy. they say comcast is strong enough and the cable company could pay off the debt, but it is a stock to watch, very much in focus. >> energy producers got boosted by the price of oil. ofe are calling for hundreds dollars and saying it is about iran. >> it has to do with that and the opec meeting. let's look at brent oil as it was approaching 80. tweeted, let's get

. >> we have a deal, it is monday barrick gold agreed to buy in all share merger to create the world largest gold company worth more than 18 billion dollars. 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 e

and staying with commodities there is a 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 . cloth

barrick gold does better, it will do a share swap.irius will get more into streaming, buying pandora. scarlet: lots of m&a news. ron rosenstein lives to work another day, he is still on the job after being summoned to the white house amid reports he has offered his resignation to john kelly, the chief of staff. the white house offered clarification. at the request of ron rosenstein, he and the president had an extended conversation to discuss the recent news stories, because the president is in new thursdayy will meet on when the president returns to washington. a lot happening on thursday. we welcome a criminal defense attorney. the report is that ron rosenstein had wanted to resign but they will wait until thursday to speak with the president. what do you make of that? >> there has been completing reporting as to whether he would resign, some reports said he would be fired. interesting they are punting until thursday because the testimony of dr. ford. this may be a press move to deflect everything that is going on behind the scenes

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

miner worth £14 billion will be created by the merger of jersey—based randgold and canadian miner barrickgold 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, it is actually going to tu

this gold manager between rangoold and barrick, it's £14 billion worth of a merger. it's big.ing, suddenly production isn't quite there so they are looking to other means to increase profitability away from production, in this case it's a merger. one last question on thomas cook, they say it is because of the weather because everyone wanted to stay at home. i'm a bit suspicious of that. you think it's because people in the uk don't have as much money and people in the uk have a very wea k money and people in the uk have a very weak pound ? money and people in the uk have a very weak pound? i think there are a range of factors contributing to it andl range of factors contributing to it and i would argue that the share prices down 25% today, this was not a well—received results but it is down 50% over the year so there are clearly broader problems at hand here, just the hot weather in the uk and not on whether —— northern europe. it will tend to book cheap holidays, they can arrange themselves over the internet. there are some areas like that promise to qu bec into, that hasn't