nejra: bayer first and foremost, we saw this stock drop on thursday after bayer confirmed it had mademonsanto. we got the financial details today. 37% premium to monsanto's closing price on may 9. we are talking about a $62 billion deal, the biggest ever takeover by a german company and it has pushed bayer shares to the lowest in more than 2.5 years today. it is down 3% at the moment. covestro.ooking at still has a stake in this plastics business. is it going to sell that? sell toe could bayer finance this all-cash offer for monsanto? finally, i'm looking at ryanair. company forecast that earnings growth will slow this year as terror attacks and lower fuel prices have been prompting airlines to cut ticket prices. ryanair expects net profit to rise in the year through march. we are seeing the stock rise. guy: thank you very much indeed. ryanair trading a little higher. michael o'leary getting a nice benefit on the pr front from taking sides on the brexit story. plunging into recession according to george osborne. exactly one month before the eu referendum, a controversial treasury anal

well, i don't care, for years they went by bayer and all of a sudden, bayer, bayer, not on my watch.hat's german for that? that's horrible. by the way, more details on monsanto deal. one thing to look at it's nowhere near the price it's being offered we. will keep up on that. the latest on egypt air, if you like me, you're very confused. there was no conversation with the pilot hinting of something horrible that would happen and all of a sudden word for a quite a few minutes the pilots were radioing in, so someone isn't being consistent because no one seems to know what's going on, it's confuse to go look for a plane in eastern mediterranean but can we rely on any of the information we are getting, anyone? after this. i know what i can expect from usaa the usaa car buying app was really helpful. all the information was laid out right there. it makes your life so much easier when you have to purchase a car, so i've been telling everybody. save on your next car with usaa car buying service, powered by truecar. neil: apparently there was trouble in the egypt air flight minutes before it

bayer is strong in crop chemicals.ompany.s a see regulators will be wondering, can we allow three huge mergers without putting all of them very closely under the scope? francine: at the moment, anything is open. we could see a third company coming. >> there has been speculation that the other offer could come t they are known to be very conservative. it would be surprising. is bayer willing to bob arnott and reach a deal? road selling it to investors -- is bayer willing to reach a deal? then they will sit down and decide, do we make this deal happen? francine: i know you're choosing everyone -- chasing everyone but what is your hunch at the moment? is it too early to call? able told love to be tell you a clear answer. but i think it is obvious they need to bump to get the deal done. they have shown a lot of conviction that they want to get this deal. if you look at what analysts are saying, we think it is worth 120 to 155. in that sense, there is scope to move up. bernstein said they need to offer at least $135 a share

shares of bayer and monsanto, bayer offering to buy the u.s. company for $22 per cash, $62 billion including debt. joining us is nancy hulgrave with all the details. >> reporter: good morning, wilfred. that's right, nothing quite like a $62 billion mega deal to get you out of bed on a monday morning. that's what we have moving in the european session. we'll break down the details what we know about this bid on the table. bayer is offer $122 a share for monsanto. that would come in a tie-up in which the german chemicals firm could see synergies of $1.5 billion. and that would be over a period of three years. the deal is far from over and the analysts have already raised concerns specifically about the financing conditions. this before the details even e merged on the bid. but the company this morning has been quite quick to voice confidence in its own ability to fund the transaction which will be through a combination of debt and equity. but let's give you a view on what the share price is doing here. because it appears as though investors still

bayer is right and looking for growth.at growth for the long-term, it has to look at buying opportunities and monsanto is a good company. in addition, they have a unique opportunity because of ecb moves and rates remaining relatively low overall. there is cheap capital available that they can use to acquire good assets. the trick is to acquire good assets. jonathan: what about the investor? what about their standpoint? refinance the brazilians buying budweiser and other things. as long as there are good assets and we can get good returns, i think they will be ok. jonathan: krishna works overtime for bloomberg today. thanks for joining us. for myself and vonnie quinn, it is thank you very much. next up is "bloomberg markets" on bloomberg television. ♪ >> it is 10:00 a.m. in new york. i am shery ahn standing in for betty liu. and this is barton "bloomberg markets" on bloomberg television. ♪ shery: we are going to take you from new york to london to washington in the next hour. here's what we're watching this droppinghar

we'll be speaking later to the bayer ceo. japan's exports fall for a seventh consecutive month in april asked again strengthens. it underscores the mounting pressures for shinzo abe's efforts to revise growth. shipments declined in april from a year earlier, worse than the 9.9% drop estimated. leaving all 23.3%, trade surplus of $7.5 billion. global news, 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. you can find more stories on the bloomberg at top . francine: thanks so much. it's exactly one month until the eu referendum. david cameron's government has stepped up its campaign for an in vote. the country could face a year-long recession in the event of a brexit. these campaigners say the treasury document is deeply biased. let's introduce our guest. great to have you. as always, thank you for coming on. when you look at the brexit debate, what concerns you the most? sure, there is a lot of pressure on sterling. there seems to be a lot of pressure on investment. but what i

the only ones that really remain are bayer and monsanto.ree's no sense that bs af going to join in. bayer has some leverage as well because there's no one else pointed come along and offer a one elseessed. -- no is going to come along and offer a better price. alix: it's a price of $145 according to some analysts. that's a pretty stark difference. scarlet: does bayarer bump up? jeff: i don't see. i could see another two or five dollars, but they are never going to go there. this is a $53 billion bid. adding the debt looks at a $62 billion bid. they could do a couple dollars more a share, but they will never go to $140 fo, . scarlet: how all smart they sweeten the price? jeff: they could selloff. conglomeratet of a and they own some steaks and other companies that they have spun out. they could sell those and put them on the market to see what is out there to sweeten the bid. we have seen other reticent inquiries make their own acquisitions and that puts bayer to backon off for either add more money. is there any chance that monsanto can go

bayer is down 6.53%.g else is reasonably related to the fed, or the stocks going ex dividend. negatively and that might be on a capital raising concern. let me show you what is happening with the work function on the bloomberg. so, the beginning of the week, the possibility of a rate hike in june was that a staggeringly low 4%. we are now at 32%. the probability of getting a july hike is significantly higher. the market is looking at june and july, try to make up its mind. july is now looking increasingly possible. the prospect of a rate hike by the end of the year is beginning to ramp up bu. this, you need to pay attention to. it will be interesting to see how this ripples out to the other asset classes. equities trading in europe at session lows. let's go to one of the big stories outside business now and get the latest on the egyptair plane that disappeared on its way from paris to cairo. we don't have that many details. we are now joined by bloomberg's north african bureau chief. what do we know and w

and obviously, bayer is largely in the drug space. but, you know, the big picture, they are going to get this deal through to see how much they can actually come out in synergies. the highlighted 1.5 billion usd of synergies might be quicker. it all depends on whether they can use this deal to get a height on dupont. if they can do that, then perhaps maybe they'll have the firepower. i know they are trying to keep a better credit rating, we'll see what the credit rating agencies say about this. and the phrma space, there's usually appetite for deals due to the value that the deals make that you have seen in the past. so look, if they say they have space to keep doing them, then we have to give them the benefit of the doubt. >> yeah. alex, good morning, it's louisa, we have not heard a comment from monsanto yet. what do you think that their response potentially could be? yes, it's a massive deal, but it wasn't all that long ago they were trying to be the aggressor and they put a bid in for syngenta, that didn't happen. what do you thin

our bayer -- are bayer shareholders going to like this?erstand, shareholders have been keen for them to expand into pharmaceuticals, animal health an area they are quite substantial in. there would be some reputation issues, but that said, they already play in the same industries, so they suffer from the same problem of having this stronghold over farmers, gmo's, which people don't like. i don't know if they get as many protesters as monsanto, but it is something that could well up. scarlet: thank you so much, ed hammond. from growing seeds to building houses. when it comes to real estate, bigger is no longer better. postrecession, the new american home is shrugging in size. the average size has been 2200 fair feet over the past decade. alix: this is all part of a long-term secular change in the american housing market. barclays analyst stephen kim outlines a new report. we spoke to him yesterday and asked him about the demographic shift fueling the change. >> you have the two biggest demographic groups in the country, the baby boomers, an

bayer wants to buy monsanto for $62 billion in cash. that represents a 20% premium.would be the biggest takeover ever by a german company. francine: if monsanto actually reject the offer, are you ready or do you have a capacity to increase the offer? werner: we are totally convinced about the effectiveness of our offer. it is a 37% premium over and above the effective share price as of may 9. that is a strong testament as to the value proposition of monsanto shareholders. it is also my with the attempted transactions have seen in the past. we are fully convinced that it is a highly effective offer for monsanto's board. francine: is it your best offer? or just your first? werner: the best and sean's offer. we are waiting for the offer from the shareholders of monsanto. mark: 100 six dollars is the monsanto share price. that tells us investors are not convinced? >> they are not. there is a lot of concern that investors will come back and say they are not convinced. david: the current offer of $122 a share is inadequate. addressnot adequately and provide reassurance for

bayer's shares have fallen more than 7%. the deal would create the world's biggest supplier of farm chemicals and seeds. leaving the european union could add tens of billions of pounds borrowing and force george osborne to extend austerity into the next decade. instead of returning to sublet -2020 fiscal year as planned, britain may face -- if it votes for a brexit next month. donald trump has won the republican presidential primary in washington state. that puts the parties present of nominee on the cusp of crossing the threshold required to formally secure the nomination. at the same time, paul ryan has begun telling confidence that he wants to and his standoff with -- he wants to end his standoff with trump. global news --global news, 24 hours a day, powered by 2400 journalists in more than 150 news bureaus around the world. you can find more stores on the bloomberg at top . megan: thank you very much for that. greece's creditors have reached an agreement that will allow .elease of euros of aid there have taken steps

bayer was supposed to have investor meeting scheduled for tomorrow.nsanto. people inside monsanto expect them to come back with a higher bid, not guaranteed. that's what they expect. what we do know is people inside bayer are worried about a bidding war developing here. basf. liz: also german. >> also german, might jump in, start bidding on this and they will have competition for monsanto. so right now this is a very interesting thing, watch this day to day. bayer is hampered because its investors aren't too crazy about paying $122 a share, they believe this is strategic, if you notice the stock is up again which is interesting. monsanto's stock, investors are starting to bet this is going to happen. it's fluid, but that's some of the scuttlebutt from bankers on the deal. bayer is worried about a bidding war, monsanto postponed investor meeting and worried about basf coming in. >>> want to update people on co negotiate with the ftc. no deal has been reached. people close to the investigation say the deal with the ftc, the settlement over the charges t

bayer shareholders are spooked i the $122 a share offer. what happens now?is the first round of betting to put it in poker terms. you look at what went for a higher multiple, but more generally, i'm intrigued by the company of like bayer can issue debt so cheaply. they have a lot of ammunition right now. mark: why i like interviewing allen higgins is that when he comes on, he sends these wonderful charts, most of which i'm not come across before. this is on my screen and it is as composition sentiment indicator. it is a bit of a mouthful but it is telling a wonderful story. anything with love and the title orthy.r where that itat it shows is helps to maybe explain data today. lies thwise the market surging today? there's so much pessimism in the market. mark: depressed sentiment correlates with positive for returns. when it is low, get ready for a rebound. the: no matter how about fundamentals are, it is pretty hard for markets to go down when sentiment is so bad. shery: pessimism may have been overblown as we are seeing markets rally now in europe and the u

executive at bayer. very recently. this is a very bold move for them to do. and as i pointed out a number of times if they want to follow it through should they receive a rejection from monsanto over time and a continued rejection, they can actually try to act to throw out the board of directors at monsanto given it is not staggered and it does come up at least the window for that election comes up at the beginning of october of this year. so at this point we've got now, guys, a public offer that is out there, the ability for bayer's shareholders to understand some of the rationale behind it and for monsanto shareholders to decide as well what their thoughts are. the hope had been on the part of some that i'd spoken to you would get a higher price, and of course that still remains a possibility given often in these situations monsanto and/or the target company would reject initially. antitrust also a concern at least some would say, including our own jim cramer, although for its part bayer says we don't

jared, are you sticking with bayer and going with the german pronunciation going on bayer? let me ask you a real question. who is getting better end of the deal? >> certainly monsanto is. to be frank i was short monsanto earlier in the year. we took our shorts off. got beat up on half of the position. monsanto needs to roll on this there could be pushback from monsanto. i think that is why the stock hasn't moved to the 122 price point. i think the deal gets done and monsanto is big winner. bayer will have reputation issues and there will be pushback, i think all and all a deal that goes through. melissa: david, do you think that the deal goes through? >> a done deal on the part of bayer. paying same amount for company 1/3 of sales. diluted mess. they don't know what kind of company bayer is. further they're sitting in europe. europe hates genetically-modified organisms. of course, as a result i think there will be a lot of pushback for regulators. this deal is not going to happen. melissa: jared, what about that? there is so much pushback against gmos. made the watermelon s

liz: bayer. >> i'm not german.e aspirin company. >> this is fascinating in this sense. i think the stock of viacom is up. liz: 2%. you know, you would think the stock would be down with a move to oust the ceo and put in there -- liz: can we get that chart up? >> and put in an unknown. sherry redstone, who's leading the charge to oust philippe due monday, trying to get her old man to kick him out. he controls viacom via gnarling amusement company -- national amusement company? owns both viacom and cbs. you would think the stock would be down, but it's up. what the market here is saying, and it's kind of a tale of two stocks. we're going to get into bayer and monsanto in a minute. they don't have a lot of confidence in philippe dumond, and i don't think they should -- liz: underperforms competitors. >> you know, he pulled a lot of money out of it. and here's where we really have a problem, what investors really have a problem, i think, with his performance. a couple months ago he was saying that sumner redstone was c

bayer full of last week they were making an offer and there was a lot of concern about how bayer wouldance this deal. it sent the stock plunging for the most in seven years on thursday. some are saying the purchase would be breakeven on an earnings per share basis at $1 08. that does raise questions over financing. although as i say, it is an all cash deal. they are concerned about bayer losing its investment-grade credit rating. it'll be interesting to see how shareholders react to this. anna: a lot of questions on the bayer side. but what about monsanto? we have to agency what they say -- we have to wait and see about the levels on the table right now, don't we? nejra: they are likely to reject any bid less than $150 per share. but they are in an interesting position because they have gone from being a potential acquirer from when they purchas tried toe syngenta as the target of a takeover. regulators have been looking closely generally at the chemical sector. deal,emchina and syngenta obviously. we have seen a number of deals and other industries stop in their tracks because of comp

it is very big, but we have been seeing bayer shares tumbling.checked, down the most since 2009. they are concerned that this big purchase could weigh on its credit rating, and forced the company to sell more stock. when bloomberg reported the possibility of this deal, there was speculation they might have to sell units. francine: then there's regulation concern. there's concern that the numbers don't add up. how much do we know about regulators? tend to beergers blocked because you almost have a monopoly. nejra: of course this deal could come across regulatory hurdles. china anding at chem syngenta, dupont and dow chemical. also what we've seen is deals in other industries stopped in their tracks. haveestingly, analysts been speaking to bloomberg about monsanto and saying even though the management might not be keen on this deal, this is a company that is ripe for a takeover. shares down 19% in the past year. it has been locked in disputes with governments in argentina and india. it is heavily reliant on seed technology. this deal with bayer cou

bayer offering $32 -- $62 per share.yan areas in the news today, the low cost carrier, saying that growth will slow this year. there is lower fuel prices to prompt european airlines to cut fares. it will be 13% in the 12 months through march next year. it is following a 43% surge over the past year. ticket prices set to fall by 7%. last 2-4 months in 2016, between three and 7%. air is gaining up by 21% today. i want to tell you about greece. the 10 year yield falling to the lowest level. lawmakers approving additional austerity measures required to unlock more loans. finance ministers meet tomorrow. they are closer to this unlocking of further eight. aid. that is one step in the right direction and that is being acknowledged with the yield at 7.24%, the lowest since november. shery: let's check in on the bloomberg first word news this morning. we have more from the newsroom. officialsni security say that suicide bombers killed 45 people in the southern city of aden. a lineber targeted outside of a recruitment center. a s

bayer aims to dominate the feed industry making an unsolicited it for monsanto which is a market value of $42 billion. shares of bayer are plunging on concerns that such a large purchase could weigh on their credit rating. mark: the latest on the investigation into a missing egyptair jet. it was en route to cairo from paris with 66 people on board when it disappeared from radar over the mediterranean sea. betty: walmart is bucking the retail trend. the shares are surging after its first-quarter results beat estimates providing a note of optimism after week numbers by target and macy's. let's go straight to the markets desk and julie hyman. it's a pretty sharp decline. we have a raised all the gains. it's interesting that this is happening because yesterday after the fed minutes came out, there did not seem to be much of a negative reaction to the increasing perception we would see perhaps an increase in rates in june or july. now we are seeing an acceleration and the clients since the opening bell this morning. stock losses have about doubled as we have gotten out of the gate. this is

. >> and monsanto has received a takeover bid from bayer. could a mega merger be in the works? may 19th, 2016. "worldwide exchange" begins right now. ♪ >> good morning and welcome to "worldwide exchange." >> overnight an egypt airplane carrying 66 passengers and crew disappeared from radar this morning over the mediterranean. egypt air is egypt's national airm. on board, 30 egyptian, 15 french nationals, one brit, and one belgian among others. scrambled aircraft and bottas search for the plane. the plane was flying an altitude of 37,000 feet when it disappeared at 2:30 a.m. the live report from paris is coming up in a few minutes time. >>> let's get up to speed on early market action. after stocks were gyrating all over the place on the back of yesterday's fed minutes were which were interpreted to put june firmly back on the table for a interest rate hike. the dow is down lower this morning. extending losses after what was another volatile session overnight. dow futures down 84. s&p futures down 10 and a half. nasdaq futures down 20. as for the 10 year treasury note. jump on t

could the chemistry be right for a bayer-monsanto merger?> you rarely see such a friendly rejection. david: does deutsche bank deserve more credit for its comeback efforts? results haveing been in decline the past couple of corners. david: has greece turned the corner in its debt debacle? high-profile leaders share high-level insights in the week's best interviews. >> i have confidence the regulators want this to be a level playing field. >> all these changes will not happen without bumps. >> we can expect turbulence in the financial markets. david: it is all straight ahead on "bloomberg best." ♪ david: hello and welcome, i am david gura. this is "bloomberg best," your weekly review of the most important analysis of business news and interviews from around the world. as the week began, a proposal to merge two giant chemical companies took over the headlines. shery: bayer is proposing a blockbuster deal that would create the largest supply of farm chemicals and genetically modified seed. bayer wants to buy monsanto for $62 billion in cash. th

could the chemistry be right for the bayer-monsanto merger?> you rarely see such a friendly rejection. david: does deutsche bank deserve more credit for its comeback efforts? >> it has been in decline the past couple of corners. david: has greece turned the corner in its debt debacle? high-profile leaders share high-level insights in the week's best interviews. >> the regulators want this to be a level playing field. >> we can expect turbulence in the financial markets. david: it is all straight ahead on "bloomberg best." ♪ david: hello and welcome, i am david gura. this is "bloomberg best," the weekly review of the most important analysis of business news and interviews from around the world. two giant chemical companies took over the headlines. shery: bayer is proposing a blockbuster deal that would create the largest supply of farm chemicals and genetically modified seed. bayer wants to buy monsanto for $62 billion in cash. that represents a 20% premium. it would be the biggest takeover ever by a german company. francine: if monsanto actual

they are -- bayer is thinking about buying the german company.r: genetically modified plants in a lab, high-yielding and low maintenance. they are meant to feed a global population in a time of drought. but not everybody is happy with them. these protesters, because genetically modified plants are often thought to have sterile seeds, farmers have dependency on the crop companies. they think that it is harmful to health. despite setbacks, genetically modified germs have spread. and these types of places have expanded. but there has been none of that in germany. widespread popular resistance means that manufacturers do not bother with applying for approval. german chemical giant -- has moved abroad. but if the gm of pioneer falls into german hands, the demand of the home market are as important as they used to be. javier: we will take a look at the genetic code of that deal. do you think that wall street investors assume that this deal will ever get there? reporter: actually, it was funny. when the news broke, i got a couple of e-mails from friends

mon santa to was jumping today -- monsanto was jumping but not for the praise bayer -- price bayer wafflings offering. many the market says this isn't happening or it's a politically incorrect feel. tomatoes the size of jupiter. whatever. charles payne took note. that do you make of this? >> you're right. a combination of both. genetically modified foods were rejected in europe even before the seeds were planted. it was a public relations disaster. no one there wanted it. everyone was taken aback by these foods, and so for bayer they see on opportunity for these to take over monsanto and ultimately introduce this food not only to europe but the world. food is an amazing thing. food security is an amazing thing, and the fact of the matter is we just had a report, three academic caveds old report from the national academy of sciences, foods generated from gmo crops have shown no adverse effect to human beings. >> genetically modified. >> right. >> there are others who do this sort of thing but i'm wondering if we step back from this, whether it's politically correct or not, people called it fr

the day before bayer made the proposal.kept secret for awhile but the company saying this publicly. bayer ceo joined us in the last hour to talk about the possibility of it. >> we have submitted our offer. we had -- we are still waiting for an answer of monsanto's board of directors. we think that the offer is highly attractive and we're l k looking forward to a constructive discussion. but we have to wait for monsa o monsanto's board to come back to us and react to our very attractive offer. >> check out the shares of both those companies this morning. monsanto up over by 8.5%. the stock is trading at $110.26. the trade verse some questions about whether there would be regulatory approvals or other issues whether the deal goes through. it's all-cash offer. you can see bayer shares down by about 3.4%. >> and anthem and cigna. company are seeking regulatory approval which could delay or derail anti-trust rules. they have been accusining each other of violating agreements. so you can see cigna is up. >>> donald trump gaining

reporter: about bayer's bid for monsanto. thank you very much for the update.ember, politicians in paris agreed to bring down global emissions to couner climate change in many areas, including transport. but shipping and aviation are not a part of that. now, a report issued today at the international transfer forum in germany suggests the shipping industry is heading for more emissions in the coming years. reporter: larger ships, more modern engines, that is the shipping industry's formula for lowering emissions. but as the industry grows rapidly, the international transport forum says that higher efficiency alone will not do the job. >> the emissions from shipping will probably rise from 50% to 250% when it comes to co2, for example. so shipping will cause a rise in emissions. if shipping once to be carbon neutral, -- wants to be carbon neutral, a lot of new policies would need to be put in place. reporter: these floating titans harbor a dirty secret. once they are in international waters where national laws do not apply, many run on dirty heavier fuel. so far

fopesticide manufacturer bayer crop science, the issue is clear. >> most experts reree that the single greatest threat to honeybee health is the varroa miteanan invive bloosuckckin pesthat both rectctly parasites younand adt bees and vectors bee diseases. where varroa mites are absent or well conololled, honeybees are thriving >> but jim says he knows why his bees are dying. >> we had a multitude of neonics that were showing up in our bees. it doesn't take much to killl a bee. >> neonicotinoids are a relatively new class of insecticide and coming on the scene in the 1990s. it is the fastetest-growing group of inseccticides inin the uninited states. >> for the companies that make them, neonicotinoids, or neonics, are big business. they bring in over $2.6 billion a year in global sales. they are widely used as seed treatments, applied as soil drench, or sprayed onto foliage. in the u.s., they are used on sosome 200 millionon acres of cropland, on almost all c cn, canola, and half of all soybean crops, as well as many frfruits and vegetables. >> they are used in home and garden products,

a bayer aspirin regimen is one of those steps in helping prevent another stroke. be sure to talk to your doctor

from bayer. searching for clues. the la on the investigation.

from bayer. >>> here's a look at the forecast in some cities around the country. ♪ >>> rabid footballlans for three more super bowls. the nfl yesterday chose atlanta for the 2019 title game. it goes to miami in 2020, and in 2021, los angeles will host its first super bowl since 1983. the stadium there yet to be built. >>> a police department in europe is experimenting with an innovative way to keep illegal drones out of the sky. officers are using eagles to do their takedowns. jonathan vigliotti went to the netherlands for a test flight. >> reporter: the dutch national police department's newest recruits have wings and an appetite for drones. hunter the bald eagle is the world's first bird trained to take down drones that cause trouble in the sky. >> during training, they have proved to be the best bird of prey to take down drones. >> reporter: the program, guard from above, contracts eagles out to police. the second the sherwood off and hunter spots a drone, he is off. and with flight speeds of up to 80 miles per hour, there's no escaping his talons. benda kaiser is the trainer. how

from bayer. searching for clues. the la on the investigation.onstrations erupt outside a rally for dd trump. incredible scenes lasted late into the night. and now many are worried abt what could happen in califo. and despite a tough loss foe warriors, fans are cheering on... and rallying in hopesf keeping the team in the cit join us for kpix 5 news this morning... beginning at 4:3 good morning. it's wednesday, may 25th. i'm kenny ch,,,, >>> here's a look at the forecast in some cities around the country. ♪ it goes to miami in 2020. in 2021, los angeles will host its first super bowl since 1993. the stadium there yet to be built. >>> a police department in europe is experimenting with an innovative way to keep illegal drones out of the sky. officers are using eagles to do their takedowns. jonathan vigliotti went to the netherlands for a test flight. >> reporter: the dutch national police department's newest recruits have wings and an appetite for drones. hunter the bald eagle is the world's first bird trained to take down drones that cause troubl

bayer wants to buy monsanto for $62 billion in cash. that represents a 20% premium.uld be the biggest takeover ever by a german company. francine: if monsanto actually rejects your offer, are you ready or do you have a capacity to increase the offer? werner: we are totally convinced about the attractiveness of our offer. it is a 37% premium over and above the uneffective share price as of may 9. that is a strong testimony as to the value proposition of monsanto shareholders. it is also in line with the transactions and attempted transactions we have seen in the past. we are fully convinced that it is a highly effective offer for monsanto's board. also, for their shareholders to consider. francine: is it your best offer? or just your first? werner: the best and strong offer. we are waiting for the offer from the shareholders of monsanto. mark: $106 is the monsanto share price. that tells us investors are not convinced? aaron: they are not. there is a lot of concern that investors will come back and say they are not convinced. david: the current offer of $122 a share i

sounds like bayer. i should go with bayer. that's how we say it here. they say bayer over there. >> it sounds like a buyer. i'm a buyer. >> buyer is a buyer. >> view it as a seller. is he going to sell it to microsoft? i'm not selling the stock. i want to kill two birds with one stone. >> and it would be the biggest u.s. deal of the year. let's keep that in mind. >> monsanto, yes, well above 40. >> david, never going to happen. >> no. i can't -- no way can you say that. >> right here. never going to happen. >> ain't going to happen. >> then went all -- >> we have to go. we don't want to miss the bell. we'll get cramer's mad dash and opening bell in a couple minutes. a good car has to maneuver quickly. that's also true of a good car company. people have always bought cars. but we saw an opportunity in sharing cars. so we moved fast and launched car2go in 29 cities, all around the world. doing that required dozens of data centers, designed for speed and performance. we built our business on the ibm cloud.

coming up, we speak to the chairman of bayer. bayer made a huge offer, $64 billion, to monsanto. we will ask about that in the next hour. ♪ francine: live pictures from london. look at that. it's actually sunny. it won't last. would turner have been for brexit? francine: [laughter] i don't know. i will look into it. i wonder what michelangelo would have said. tom keene in new york; i'm here in london. let's get to the bloomberg business flash with shery ahn. ayer is proposing a blockbuster deal that would create the world's biggest supplier of farm chemicals and genetically modified seed. bayer wants to buy monsanto for $62 billion in cash. that represents 20% premium to monsanto's last close. it would be the biggest takeover ever by a german company. coming up in the next hour, we will speak to the ceo and chairman of bayer. the largest insurance company in france, axa, is getting rid of all its assets and tobacco. that is $2 billion worth of stocks and bonds, after it called smoking "the world's biggest threat to public health." the largest discount airline in europe forecasts

from bayer. thanks for coming today. i want each of you to grab a 2x8 and cut it.s to choose from. you alchose the best tool for the job. wouldn't it make sense to make the same choice, when it comes to your truck? absolutely. this is the 2016 chevy silverado. nice. a good-looking pick-up. incredible. i love it. find your tag and get a total value of $9,000 on this silverado double cab all star. >>> here's a look at the forecast in some cities around the country. ♪ >>> rabid football fans can now make plans for three more super bowls. the nfl yesterday chose atlanta for the 2019 title game. it goes to miami in 2020, and in 2021, los angeles will host its first super bowl since 1983. the stadium there yet to be built. >>> a police department in europe is experimenting with an innovative way to keep illegal drones out of the sky. officers are using eagles to do their takedowns. jonathan vigliotti went to the netherlands for a test flight. >> reporter: the dutch national police department's newest recruits have wings and an appetite for drones. hunter the bald eagle i

if you've had a heart attack, a bayer aspirin regimen can help prevent another one. to talk to your doctor before you begin an aspirin regimen. bayer aspirin. general mills is removing artificial flavors and colors from our cereals. so you can love cereal. again! >>> this massive dust storm in southern arizona closed parts of interstate 10 for awhile yesterday. this was the second time in as many days that the freeway was shut down. because of that officials have tried spraying a large farm field to cut down on that dust. >>> this video just in, a fireball shooting across the sky in maine just hours ago recorded by police dash many kas. some residents reported hearing a large bang and said their homes were shaken by the blast. the meteor was seen in canada and as far south as new jersey. >>> all right. >>> checking today's road condition, expect wet roads up into the rockies and across the central plains to the east coast, flooding is still going to be a problem in much of texas, oklahoma and louisiana. >>> if you're flying expect delays in dallas, houston, denver, n

has offered, bayer $62 billion to buy monsanto.er on bloomberg surveillance, bayer ceo tried to calm concerns that the company is stretching finances. year afterirst closing the transaction already, we see double digit earnings per share. with that, the ability to pay higher dividends to shareholders. starting from the second year, this will be a double-digit increase about roughly what this will be over and above this current -- the current standard. it will not way into the 20 20th. 20 past. it is a fairly rapidly value creating proposition that we have. tom: what i would like to know $42ow do you hold on the billion of debt -- euros of debt. you have the gift of free money. what happens to your company and this transaction if interest rates go up? look at theall, we financing structure and our ability to generate free cash flows and the ability to deliver . that is something that is a core element of prudent financial policy. you may have seen a statement about the financial structure balance sheet looking forward. we are please

rejects bayer's takeover deal. they are open to talks. can a deal get done? markets close in two hours time. the dow up and running with a 200 point game. julie: the strength has been remarkably consistent today. stocks rising out of the gate from a taking another leg higher and then staying there with all major averages near their cries of the day. -- highs of the day. last week, we had that changing perception of the fed perhaps being more aggressive than the market was pricing in. official from the philadelphia fed speaking last night, reiterating that view. he is not a voting member. there is not much that changed today that would cause this breakout that we've seen. what is driving that upsurge? we've seen banks trading higher in the session. we've also seen technology doing quite well in today's session. if the economy is strengthening, it would be good news for these economic and sensitive -- groups.ally sensitive traders overreacted to the downside of microsoft earnings report. apple continuing its winning string recently. just wanted to check on the

bayer --. monsanto being the number one in seeds followed by dupont closely after. but it does seem this high inventory picture and lower commodity prices are spurring this action in consolidation. >> we knew it was coming just a question of which players team up. bayer currently makes up about 22% of their business and it's dominate with monsanto is to combined group about 40% would be agriculture. >> that was the crop science unit that monosanity was interested in initiallysanto wa interested in initially. >>> technip is merging with fmc. the combined company would have an equity value of $13 billion. the chairman says the firms have complementary skills, technologies and capabilities. thomas cook has reported the 5% drop in summer books due in part to weak travel demand to turkey. the uk holiday firm doungded for the year but stuck with its dividend. >> we'll been this year able to remix our holiday program from the eastern mediterranean, rebalanced the holiday program to take about 1.2 million customer books out of their areas and shift those either to spain or

. >> javier "chicharito" hernÁndez recibe premio de bayer leverkusen. >> estaremos en la nasa con fenÓmenoentÓ ante naciones unidas una demanda contra estados unidos la legislaciÓn hace ilegal la fabricaciÓn de sustancias controladas que podrÍan ser ilegal importar a estados unidos, desde botica, germÁn nos explica cuÁl es su temor. >> por dÉcadas la lucha contra el narcotrÁfico incluyÓ acciones impulsadas por el gobierno de estados unidos. >> para luchar contra los capos y ofrecer alternativas para los que cultivan coca. >> ahora penalizan la importaciÓn a estados unidos de dos clases o categorÍas de sustancias controladas. >> para lcampesinos la ley abre que se extra dice a ese paÍs, el rechazo fue inmediato. >> tendrÍan que extraditar a decenas de miles de familias indÍgenas que tienen un uso cultural de la coca. >> campesinos donde serializar los cultivos en el suroeste del paÍs, tampoco ocultaron su preocupaciÓn. >> este anuncio de estados unidos nos demuestra que a los campesinos no les estamos importando que lo Único que buscan es seguir generando santiago matizaciÓn. >> sin embargo

could the chemistry be right for the bayer-monsanto merger?have rarely seen such a friendly rejection from the target company. david: does deutsche bank deserve more credit for its comeback efforts? >> it's offering results have been in decline the past couple of quarters. david: has greece turned the corner in its debt debacle? >> we still have to work that out. david: high-profile leaders share high-level insights in the week's best interviews. >> i have confidence that the regulators want this to be a level playing field. >> we can expect turbulence in the financial markets. david: preparations for shanghai disneyland. david: it is all straight ahead on "bloomberg best." ♪ david: hello and welcome, i am david gura. this is "bloomberg best," the your weekly review of the most important analysis of business news and interviews from around the world. twooposal to merge chemical companies took over the headlines. shery: bayer is proposing a blockbuster deal that would create the largest supply of farm chemicals and genetically modified seed. ba

i am sure that is the regulations that bayer is doing.agreed to step down after pressure. thank you for joining us. unicredit, the ceo no longer had the support of investors. unicredit was not a bank that was doing well on share performance or capital. what can you expect going forward? >> they have to find the right person not just to create a new strategy but to raise capital. it could be quite a lot. 5 billion euros, 6 billion euros, 7 billion euros. it is a tall order, but that is what we need to expect next. francine: i like your gadfly piece on this. it is a systemic bank, the only systemic bank that italy has. lionel: it is a big global bank. it has operations in europe, germany, austria. they do not want to destroy the franchise. it should not sell the crown jewel and go too far, so it has to strike that -- , i know itien galy is inappropriate to talk with you about deutsche bank and other european banks, but you can comment on negative rates. do you just assume more negative rates by the people doing negative rates now? sebastien