berkshire hathaway. even if sales are down, analyst think there is still a charge to be had in batteries, especially in a deal where berkshire hathaway used procter and gamble stock. they are put $2 billion back into duracell before they take over. >> i think it is interesting on a number of levels. the least of which is the opportunity for berkshire to shed holding without capital gains tax. this is a typical warren buffett move that is a deal value play. >> duracell came to procter and gamble in 2005, at the time berkshire was the biggest holder but now refocussing on core brands like pampers diapers. >> they are likely to find a challenge when it comes to growing the actual business in a world where smart phones and tablets dominate and with that high packed rechargeable batteries. >> now to the other deal that has wall street buzzing, ad and have ad and haves talk about shrek teaming up with my little pony. hasborough shares declined more than 4%. we look at the proposed deal and when the two compani

berkshire hathaway hits a 52-week high.me industry, energy, insurance. >> and to your point, people afraid of the market, think of theseenames and if you use them, visa, nike. berkshire hathaway reported after the bell, $2,876 a share. share. warren buffett, you beat them what's going onn >> the ecb, bank of japan ade their announcement and ecb trying to jump-start the european economy. it's about oil, the saudis can continuu to produce oil, the u.s. is getting custody, russia can't make money at these >> looking at the gamut of all of them. look at the news we ddalt with good and bad this week, most good, and look at stock market. people are ignoriig the fact we're at an allltime high in next week, we need to see follow-up. >> next week, walmart reports, kohls, costco ann macy's. today's salute to american success. st. joe indiana based skeklers. 90-year-old pickle company going strong. matt worked there in college, and now owns the comppny. the sweet pickles sold in about 40 states. tonight, matt, we salute you, proof tha

can berkshire hathaway prosper with a perfectly competitive microeconomics ? his portfolio of consumer businesses? i'm skeptical. --lette was the original they bought duracell and p&g bought them. i don't view the battery business as a compelling business. >> it's amazing to look at this. in under $5 billion transaction. i never would have guessed that. >> $6.4 billion in cash and stock. recapitalize -- this is a move that is already moving berkshire hathaway shares. >> a critical distinction with png. they generate 8% dividend growth. they are an old stallworth. that is not good enough anymore. these big stodgy companies are trying to be subtle as we see spinning off duracell. >> he has done a great job as -- he is a smart guy. he would not be selling duracell unless he thought it would enhance the overall growth. >> continued pressure on corporations to permanently change to these new efficiencies , he would you would to do with a portfolio -- new acuity with what to do with a portfolio. there might be a bit of that. lot of brands at png and they have been g

zblaerning aletter on berkshire hathaway. let's go to dom chu in the newsroom. >> berkshire hathaway shares again we're watching just to see. this is not typically one that moves volatilely after earnings. $2,836 per share. that beats the average analyst estimate of $2,594 per share. a handy beat there. the company also said that book value per share, or the acquisition costs or base level value per shares rose 7.1% over the course of the year so far to $144,542 per share. berkshire class b shares perhaps ones that will trade a little more liquidly, if you will, on this particular trade, down about half a percent right now. but still, looks like an earnings beat right now. we're combing through the plethora of numbers we got. we'll bring you more details later on. but right now an earnings beat. book value up 7% so far year to date. back over to you guys. >> it's a beat for berkshire but we should note that some of the portfolio holdings buffett has had, they've had some serious knocks this past quarter. whether it be coca-co

berkshire hathaway acquiring duracell., buffet said, "i've always been impressed by duracell as a consumer and long-term investor in procter and gamble and gillette." duracell is a leading global brand and will fit well within berkshire hathaway. why does buffet want in the battery business? joining us from phone, rbc capital market analyst nik modi. i want to get your thoughts on the price of this deal. looks like berkshire is going to contribute $4.7 billion in stock. p&g is going to get $1.8 billion in cash. is that a fair price for duracell? >> berkshire is paying nine times ebitda for duracell. proctor will only get seven times ebitda. i think a nine times multiple is darn good. i would say certainly higher than what i think a lot of people thought the battery business would go for. >> are you surprised to see buffet stepped in here as a buyer? a few weeks ago, p&g said duracell will spin out. didn't seem like they had a buyer. >> we've been of the belief private equity and berkshire hathaway would be in the battery b

liz: we have breaking news on warren buffett's berkshire hathaway. we're getting filings from the securities & exchange commission which tend to come out after-market close for big eninvestor names like warren buffett and carl icahn. here are the stakes that are shifting or changing. he is taking a bigger stake in liberty media. buffett buying into liberty media. he is completely eliminating his stake in deere. eliminating what stake he owned in deere and company. and taking a brand new stake in express scripts the pharmacy benefit manager. that stake is about 449,000 shares. so that stock is moving higher in the after-market session. it is upping, i see right now, berkshire hathaway upping its shares in general motors. that's a pretty new stake it recently took within the last year. warren buffett said in the past he believes in mary barra's leadership. they're increasing their share in general motors to 41 million shares. another thumb's up for directv owned this a year or two. adding to the stake in directv by 27% to 30 million shares. we already

berkshire hathaway agreed to by the battery business from procter.was a smart tax move my buffet. they could save half $1 million -- half $1 billion in taxes thanks to the deal. and

berkshire hathaway has agreed to buy duracell from procter & gamble, taking on the energizer bunny, rightathaway will it owns.at meanwhile, there is talk of another deal. call this one transformers meets shrek. dreamworks animation, the maker of those "shrek movies." dreamworks wants more than $30 per share. that would be a premium over 34% over yesterday's price. that pro-russian rebels are building up for more fighting in the ukraine. according to nato, russian troops and tanks have been moving into the eastern part of the country. meanwhile, the u.s. and the european union are considering whether to impose more sanctions on russia. .ere is samantha power >> russia has negotiated a peace plan and systematically undermined it at every step. it talks of peace but it keeps fueling war. ago,re than two months ukraine and the rebels agree to a cease-fire. politics meet energy policy on capitol hill. the controversial keystone pipeline issue will have an impact on xmas's runoff election. -- on next month's runoff election. landrieu is behind in the polls right now. >> let me just say -- halle

i want to bring in jeff matthews, a long-term -- longtime berkshire hathaway shareholder and an authorn plain sight." it has been a great -- longtime. >> it has been a while. >> warren buffett flag this to investors -- his was a big mistake. a write-down of almost $700 million. this is a one-offing. >> he does not make mistakes very often, and this was a big one, very public. he admitted it, and he is moving on. >> where do you think he went wrong with tesco? >> there were issues people did not know about publicly, but you know, retail has not been his strong suit over time. over the years. retail has always been spotty with him. so, maybe it is just not a great place to be for him. >> and he got caught off guard with what senior managers were doing, so how could you see that? >> absolutely. >> on the other side, he looks like a fortune teller with burlington -- this is the train set that he got at a steel. it, buyingout stole it at a time when people were not thinking the economy was going to retire rush recover anytime soon. recover anytime soon. >> right. >> he also got lucky with t

warren buffett's berkshire hathaway is buying duracell from procter & gamble. the deal allows buffet to wind down his position in procter & gamble which he has been cutting for years. the transaction also fits with the strategy of narrowing focus for procter & gamble. steve ballmer has just made a significant gift to harvard university, his alma mater. the size was not disclosed, but it will allow harvard to hire 12 new professors in computer science. it is the school's fastest-growing major. he also got a tour of the new facilities harvard is building. taylor swift's management team is taking issue with spotify's comments that she would have made $6 million this year. he said the label received less than $500,000 in the last year from spotify. he said swift made more from streaming site vemo then spotify. the amazon web services conference is going on in las vegas right now, but there is even bigger news today. amazon and hachette have ended their standoff. exact terms were not disclosed, but they said it will allow the publisher to set prices with financial i

another great moded purchase by berkshire hathaway. another reason why i reiterate that berkshire hathaway is a great stock to own. arnold in florida, arnold? >> caller: yes. off great show. i'm a first-time caller. >> thank you. thank you, arnold. >> caller: i would like to know, with the price of oil going down and down, is my stock, conoco, cop, still good stock? >> well, conoco has a good yield, comes in at 4%, has some good natural gas properties, the old burlington, which natural gas prices have held up well. i think you can do fine. it is a runaway stock to the upside, absolutely not. oil keeps going lower, but i think you can hold it. let's go to toby in minnesota. toby? >> caller: big boo-yah from frigid minnesota, jim. >> not bad. good to have you on the show. >> caller: i bought sprint when you originally recommended it four years ago, and then, of course, you know, they did the buyout. i bought it at 386 and 4-something. >> okay. >> now it's down over 50% from its 52-week high when dan hesse left. what should i do on that?

but for warren buffett and berkshire hathaway, what a wonderful deal.t's such -- the way that it's a stock swap, it's tax sufficient. plus what he's getting is tremendous cash flow because when you take a look, p&g doesn't tell you this, but when you take a look at what energizer says, which is spinning out its battery business and breaks out much more information, spectrum brands which owns rayovac, all they talk about is cash flow, cash flow. that may not work for procter & gamble, but for berkshire -- >> first off, i know there's rayovac, but this is really a duopoly. more things we use has them. it's a recurring revenue model. it's not sexy. it's exactly warren buffett. >> you say more things, we use, but actually the use has been going down. and the price wars. it's commodity -- it's a very big commodity. in fact, rayovac has told people on their earnings calls that say you know, we have a product that's less expensive than anybody else's and lasts as long. but because it's rayovac, it doesn't get the energizer or the duracell premium in the market

. >>> well, it was a pretty good quarter for berkshire hathaway and that's where we begin tonight's marketus. the earnings beat wall street's estimate by 29%. $4.5 billion in a quarter. class b shares were slightly higher to $143.61 and just for fun, if you want to dab bell in the class a shares, they cost a mere $215 per share and they were higher today as well. doesn't seem like things are getting any better for be a bett abercrombie and fitch. they said that sales were weaker towards the end of the quarter. shares stumbled by more than 16%. investors got a chance to react to guidance from gap, the retailer posted disappointing october sales figures but investors were more optimistic because of their outlook down the road. the company will not report results until later this month. there was cost cutting and a tax benefit. shares were 2.5% higher today at $38.83. >>> meanwhile, sears is exploring a new plan to raise cash as it has been struggling to return to profitability. the retailer this time is considering selling up to 300 of its stores to a real estate investment trust or a reit w

procter & gamble is selling the duracell battery business to berkshire hathaway.re of this transaction, it could only be a warren buffett deal. 4.7 billion dollars in procter & gamble stock. he's been a procter & gamble investors since they bought gillette a few years ago. in return, he is getting duracell was $1.7 billion in cash stop effectively $3 billion and buffet ends up with duracell. and finance with batteries. right down simple, the middle. we will be back with more. ♪ >> live from bloomberg world headquarters in new york, this is "market makers" with erik shatzker and stephanie ruhle. >> welcome back. >> we've got a show to do. >> indeed we do. americans are in bad shape according to the institute of medicine. we live shorter lives and have poorer health impaired to other highly developed countries. poor health is at risk to business and members of the northeast business group are trying to protect against it. jeremy novell is the medical director of the northeast group and easier to explain why. people are out sick too many days and not getting any work

later, warren buffett's berkshire hathaway with numbers after the bell and dominic will deliver them when they hit the tape. that's all straight ahead. they're still after me. get to the terminal across town. are all the green lights you? no. it's called grid iq. the 4:51 is leaving at 4:51. ♪ they cut the power. it'll fix itself. power's back on. quick thinking traffic lights and self correcting power grids make the world predictable. thrillingly predictable. no question about that. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may inc

worn buffet's berkshire hathaway is buying duracell from proctor and gamble. berkshire has agreed to turn over $4.7 billion in stock in exchange for their battery business. the deal allows buffet to wind down his position in png, which he has been cutting for years. it also fits with their strategy of narrowing their focus. just made ar has significant gift to harvard university. not disclosed but will allow harvard to hire 12 new professors in computer science. themanagement dream for -- theswift is taking saysf the record label that they received less than $500,000 in the last year from spotify. he says swift made more from streaming sites. amazon web services conference is going on in las vegas right now but there is even bigger news from amazon today. amazon and hachette have finally ended their dan. over e-book and physical book raises. exact terms were not disclosed but they did say that they would .llow hachette to set prices amazon also promised to restore hachette titles. it had been delaying certain titles. malcolm gladwell said that some of the title

warren buffett isn't likely to run out of batteries, berkshire hathaway adding buying duracell. that adds to dairy queen, heinz and geico. stocks continue to set records. gas and oil prices continue to plunge, mostly good news. but what if you are looking for income and yield? joining us is rick reider, chief investment officer of fundamental fixed income at blackrock and erin gibbs. thank you both for being here today. rick, you have about $680 billion in assets in under management you oversee. there are so many people are who are looking for glee ing for yi interest rate environment. what do you tell them? >> we live a world of slow global growth and monetary policy around the world so rates are going to stay low for a long time. i think what people are challenged by is wait until you get a higher rate environment. the problem is rates will stay low we think for a long period of time. so you have to be tactical about where you find opportunities. parts of the emerging markets today are interesting. the high yield market has become attractive again and attractive being when you

that is easy to do with his company berkshire hathaway.so forces probably not too far off that the beginning of 2010 the net worth was 40 billion at the end of the year it was 50 billion. he added increase of net worth of only $10 billion. i then went to the bill and melinda f. gates foundation website provided even have a computer but i have people and that year he gave 1.7 $5 billion they publish the conditions and this bill and melinda are not there is taken away and death the federal government changes the tax revenue is taken away. i did not go to his sons or daughters website to is have foundations that they give to i also did not go to the discounted insurance premiums and i didn't go to the difference where you buy and sell companies under the shell you don't have to pay capital gains if you actually own the company i didn't do any of that. his id come in 2010 may be 13 billion for what i looked at. followed the? i went to his taxes less than 8 million and calculated the percentage was 6100 of 1%. now what you think he recommended

nonfarm payrolls number, investors will be eyeing earnings from humana and berkshire hathaway. allen joins us now. let's talk about the market which hit a record high yesterday. interestingly enough, as you take a look at the internals of the market, it still continues to be the defensives. is that a concern that we're not seeing some of the growth sectors, like consumer discretionary that is leading this market higher? >> it is somewhat. it's been quite an exercise in psychology over the last couple of weeks. and the market has rebounded fully. if you take a difference in the sell-off, add it on to previous highs, you still have an upside potential of another 10% higher based on that measure. but the idu, the utilities that you talked about, that sector, that has moved up 11 1%, whereas the s&p has moved up 5% here in the last month. that is somewhat concerning because people are still chasing yields and, you know, that is usually not a good sign when everybody gets into something and it gets overdone in relative terms for the s&p. it doesn't justify utilities having this kind

finally, on friday, we will find out how warn bust's berkshire hathaway is fairing following a toughuarter for two of its main holdings, ibm and tesco. >>> and we quickly want to recap the services pmi. let's dive into the different countries. first, germany's private sector growing at a slower pace in the month of october. now we've got uk services pmi. the growth slowing sharply in october and uncertainty weighing. what is the exact number? have you got the numbers? >> we are just looking at the numbers now. >> 56 of.2. that is a 17-month low in the month of october. it's down from 58.7 in the month of secretary. even the gloomiest forecast in the reuters poll. >> indeed, the lowest raiding since may 2013. let's bring in our uk editor. helia ebrahimi, 58.62, is that more than we were expecting? >> it's quite a hit. we have positive number necessary terms of manufacturing earlier in the week on monday and again, construction was very expansive. it was above the 60 number. but construction is only about 7% of the uk economy whereas services, all the accountants we send out into the w

. >>> berkshire hathaway set to release information today. get this, over the last four months the value of mr. buffet's holdings in ibm alone has gone down a billion dollars. the rest of the portfolio has done better. >> if you take a look at ibm, no secret the slide in ibm shares has hurt warren buffett. ibm shares are down 10%, 11% just since the end of the last quarter. this is june 30 we are talking about. down 11%. if you translate that into what is happening with the berkshire portfolio and ibm specifically they had as of the end of june about 70.2 million shares of ibm stock. now, if those shares went down by the value that we just showed you you would have seen a market value right down or market loss of $1.4 billion. it's a big, big deal for ibm. we know they don't often trade around these major positions. you can expect them to maybe hold this for a while. we will find this out next week when they put latest results out. if you take a look at other stocks in their portfolio, the big ones, exxon mobil, no surprise there. oil prices

berkshire hathaway will acquire duracell from p&g. the question is why?b greenberg has been digging around for an answer. herb, some would say it's kind of a dying business. what's buffett see that others don't? maybe you know. >> by the way, what a brilliant deal. what a brilliant deal rrks the way he structured this thing. brilliance beyond that people say why would you buy a business like this? it's such a bad business, the battery business. and what you have to do -- >> i keep buying them. i don't know about you guys. >> yeah and you're getting great deals on them because it's such a commodity. >> and they still cost a for tune with as many as you need. >> there are always price wars on this. p&g doesn't break it out. all you know about them is they had a big impairment charge related to the big merger, the acquisition years ago. but then you can take a look at energizer, or you can take a look at -- >> spectrum. >> spectrum brands. and those are two companies that break out the battery business. in fact, energizer's splitting off its battery business

it's been announced that warren buffett's company, berkshire hathaway, will buy duracell batteries for.7 billion. not the company, just a 12-pack of batteries. [ light laughter ] because batteries are expensive. [ laughter and applause ] das frisbee! i was surprised to hear this. last night, paris hilton won women's newcomer of the year at an awards ceremony for deejays. at least i think that's a "d." [ laughter ] anyway, she won. anyway, she won. [ cheers and applause ] this is interesting. usher, usher's releasing his new single "clueless" exclusively in specially marked boxes of honey nut cheerios -- [ laughter ] -- this is true, at walmart. walmart hopes it will go over better than their last promotion -- honey nut bunches of hall and oates. [ laughter and applause ] we all remember that. oh, man. when i was a kid, we couldn't get to the store fast enough. to buy our honey bunches of hall and oates. this is a weird story. yesterday, while flying over germany, the cargo door fell off of bono's jet. the cargo door fell off of bono's jet and somehow, somehow it landed in my itunes. [

but what's interesting is it's not buffett's berkshire hathaway stock. he's exchanging some of his 52 million shares of procter & gamble he owns and, hence, by doing that avoids a big capital gains tax deal by engineering the swap. once again, arguably one of the smartest investors of our time pulling off another one. >>> closing bell ringing in 52 minutes. is one wall street firm going through a bit of an identity crisis and now making a quick reversal after charlie gasparino caused quite a stir when he reported his story first on this company? now it seems the pendulum may have swung in the other direction. hippies, love-ins, relaxation, green juice switching now to red meat. charlie gasparino explains in just a minute. and built ford tough now flying high with the u.s. military. alcoa is on the move, and in a fox business exclusive we are going to show you alcoa's latest super high-tech project with lockheed martin, only right here. ♪ ♪ how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerosp

also how about procter & gamble and berkshire hathaway with duracell batteries? hasbro/dreamworks. then there was walmart after a great quarter doing well with neighborhood stores, apple all-time high and gas at $2.92. that's great for the consumer. back to you. charles: thank you so much, nicole. all right, guys, the market is at a new all-time high and i think going higher. he's back, ed he sow sky, chapwood capital investment manager. hillary kramer, president and cio at a and g capital, scotty nell hughes, hitha, our retail expert, you have been right. we're going talk about it. matt mccall, founder and president of penn financial group. let's dig into the first real, real deal. and it was kind of one of those days. i think the whole time you knew stocks would end in the plus column, but it still felt uneasy, and for me it was because of crude oil breaking under $75. listen, it means a lot of blue chip stocks are going to go down. now, i know it's great for consumers and everybody out there is cheering, and i've got to tell you, you're probably cheering for t

buffett's berkshire hathaway buying duracell for more than $4.5 billion. an unusual deal. considering the battery business is a tough market. very low or slow growth. so what's your take? does the battery business still have life? go to cnbc.com/vote. >>> sara eisen with more on buffe buffett's big play. >> and look, batteries are a boring business. but that's generally buffett's style. pry is procter & gamble selling? that is all part of the ceo's turnaround, spinoff or sell as many as 100 of its consumer brands. that's more than half of its portfolio. to focus on the winners. pampers diapers, tide detergent to name a few. duracell went on the chopping block and now buffett is swooping in in what will turn out to be a $3 billion purchase. a price that analysts say is fair and does have some tax benefits. but batteries have been in a slow and steady decline with the rise of smartphones and other new technologies. u.s. battery sales, for instance, down a little more than 3% so far this year. and just to give you a sense for procter & gamble has not been a strong source of g

. >> berkshire hathaway from 1969 in my playbook. i don't have a time machine. wish i did. >> another one of our traders is getting a bump in the playoffs. dr. j after halliburton agreeing to buy ray val baker hughes cash and stock deal we talked about last week valued at nearly $35 billion. baker hughes surging more than 10% this morning as we said, that stock is in doc's playbook. as i look at the leaderboard it's a tight race at top. is it 24%? there we go. thank you for that shot. doc is it 21%? he joins us on the phone as well. doc, i guess we thought this was going to happen. now it did. and now you're getting closer to joe. >> yeah. and i think there's still mogasn the tank, judge. >> not taking your money and run. >> no. we have this in the playbook and we have it for the wealth management clients. we talk to the clients and they agreed with us on the assessment that basically what you've got is some ar by tros in hedging that goes on when you have a merger of this sort, especially when it's stock and cash. the cash portion, of course, is 19 bucks. the s

berkshire hathaway buying duracell. did you say this already? >> no. ere was a story before -- >> you broke the story of the e window washers. >> $4.7 billion. procter & gamble -- p&g shares -- >> berkshire had a large number of shares. they're trading in for duracell. they'll get duracell and about $1.7 billion in cash at the closing. the shares that are currently held have a current value of about $4.7 billion. so i guess you have to do $4.7 billion in cash. >> that is something he'd like, isn't it? >> batteries? yeah. a business he could get his head around and understand. we're talking about warren buffett. there's a comment from him saying i've always been impressed by duracell as a consumer and as a long-term investor. >> so you remember gillette bought duracell, this is 1996. they bought duracell. at the time bought them for $7 billion in stock. >> wow. and that stock went up from there. >> went up from there. because then they were able to take gillette and sell that to procter & gamble. >> so the shares that were -- so that was a $7 billion tra

warren buffett's berkshire hathaway buying duracell. the price tag is $3 billion.wanted to make duracell a standalone company. two paintings by andy warhol selling for. box. this is called triple elvis. 7-foot tall. estimated value 60 million. a near 7-foot high picture painted in 1966, estimated 60 million. combine the two. $151.5 million. the keystone pipeline. that is a political football. democrats are a flooring the will of the people. we will have more from the gop after this. >> politics are not involved. clearly, reid did not care about the jobs created for the families that are struggling. he did care about the leverage jobs. yo, bro, you on woo-woo? are you kidding me? everybody's on woo-woo! [elevator bell rings] woo-woo? lock and load, people! we're going all in on woo-woo! mark! comp us up a profile page! susie! write us some posts! i want sponsored woos. i want targeted woos. we need an ethnically ambiguous woo-woo mascot. dude. are you still on woo-woo? naaaahh, man, my mom's on woo-woo. ♪ iprise asked people a simple question: in retirement, will yo

warren buffet's company, berkshire hathaway is buying it for $6.4 billion.tion couldn't get higher, the average four-year private college costs more than $42,400 per year. and even with that staggering number, this year's tuition ns are actually the lowest in five years. that's the average. it is outrageous. >>> a park in milwaukee is no longer a parking lot. check it out. that tractor-trailer, can you see it there? stuck between two of the park's pedestrian bridges for hours. and you're asking, how did a tractor-trailer get stuck in the middle of the park like that. well, the driver says it was his gps. he was just following the directions. and hey, i have a news flash, next time the gps says drive off a cliff or a body of water, i have had that happen to me, don't do it. common sense, people. yes. that is now back to normal. people are able to walk through the park. but the driver faces $600 in fines. >> such a feeling of power when you override your gps. >> i'm not doing that. >> exactly. >>> can i say something, your mother was proudly watching you. ever

one deal that did go through, berkshire hathaway is buying procter & gamble's dura celibatery business. berkshire will swap 4.7 billion equity stake in p & g for dura sell brand and 1.8 billion this cash as well. shows shares to watch. walmart higher after postbetter-than-expected third quarter earnings and sales as well as comp sales above estimates. see the walmart shares up by 5%. four-year low in oil prices is affecting two sectors, airlines, which are moving higher, while energy stocks are headed in the opposite direction. end with blackberry, moving higher after the company unveiled the mobile device management platform and struck new partnerships aiming to win back customers, up 9 1/2% on the day. back to you. >> that's quite the move, dom. thank you. blackberry stock a great day after mapping out the ener prize strategy today in san francisco and signing up sales to provide its enterprise platform. also now, blackberry announcing it will debut a classic phone on december 17th. joining me now in a first on cnbc intervunt back of all this, blackberry chief executive officer, john

of this wella hair care business falling on the heels of them getting rid of or selling to berkshire hathaway. in efforts to stream line brands and businesses ceo earlier said this year that they wanted to focus on more brands is possibly looking to sell that wella hair care unit. they obtained goldman sachs. a sale could be around $7 billion. we will keep an eye on proctor & gamble for headlines. >> thank you. now from connecticut to minnesota. coming up we will speak to one of the top executives at the mall of america to see how traffic is shaping up today and whether it will be a happy holidays for retailers. it's not just electronics and clothing on sale today. phil lebeau will explain why auto dealers are revving up some of the best car deals on what is becoming one of the busiest car shopping days of the season. stay tuned. you don't need to think that makes our lives possible. because we do. we're exxonmobil... and powering the world responsibly is our job. because boiling an egg... isn't as simple as just boiling an egg. life takes energy. energy lives here. >>> like it or not more an

. >>> berkshire's hathaways profit has seen their profit fall in third quarter by 9%. we have the u.k. retailer of test coast falling by $780 million. warren buffett said the tesco deal was a mistake. warren buffett says that was a mistake. >>> vladimir putin says russia will intervene in the rouble if it continues to slide. we'll have more on his comments out of the apex summit in beijing after the break. >>> welcome back. we'll give you headlines. president obama falls on china to create a level playing field to operate within its borders. and russia's government says it will put an end to the slide of the rouble if that continues. and the u.s. is looking the bribery probe at petrobas. >>> as we just mentioned, president obama took the stage at the apec summit in beijing in the last hour sending a direct message to his chinese counterpart to get series about trade reform hinting at the use of the anti competitive practices. >> deepening our economic ties is why i also hope to make progress with president xi toward an ambitious high standard bilateral investment treat