. >>> mall operator brookfield properties buying general growth properties for 9.$9.25 billion. >>> andorth korean dictator kim jong-un reportedly in china. this could be his first trip outside of north korea since taking power seven years ago let's start with your top story. what else can that be? the global market rally. it is hard if not impossible to find red in any of the major international markets. as always we have full team coverage here on cnbc. joumanna bercetche is ready to bring you the big european trade. let's kick things off overnight with the action in asia. nancy hungerford is live in singapor singapore. >> hi, brian risk is back here. i can tell you investors got a big sigh of relief in asia on signs of compromise between the u.s. and china when it comes to trade. w across the board every single market in the green today. that return of risk did see the yen ease off recent highs against the dollar that was good news pore t s for k nikkei 225 the second biggest gain here among the movers, tech names, exporters, yes, they were helped by that currency move but these name

brookfield have enough to block any potential competition.minant hand. >> i think you were understating the displeasure these analysts had with this deal. it was wholly enadequate for a good reeled threw, among some of the comments bynies what does this mean for mall operators in general? we've seen a broad-based decline in those shares. are you expecting any m.m.a. activity around that? >> it's been pretty horrific today. we saw really sort of substantial declines today in and everyone is feeding off of this. the problem with the malls and this is an ongoing story that been around for a while is that you have amazon, this huge move in e-commerce and that has really damaged the mall. it's less about shopping and more experience rble but crucially, the sort of younger generation who -- they're even more fickle today than they were when we were all wrong. >> oh, come on! swe we hung out in the mall. maserich. that's another mall company. that's a deal that is happening? >> they have an activities in thantock, effectively more one activist in th

brookfield property partners is buying u.s. mall owner ggp for $9 billion i cash. brookfield already owns a third largest mall the operators in the country. >>> finally, dutch company actsco notebookel its spell chemical firm to carlyle. >>> homerices started the year with some gains. according the case schiller home price index it outpaced wage growthiond infl as we have been reporting prices were pushed higher by a shortage of homes for sale and increased competition for the ones that are on the market. >>> consumer confidence east eased in march.rd acg to the conference board that softening reflects a slight decline in the outlook for business conditions and the stock market. despite t the dip number of consumers that said that jobs are plentiful climbed to the highest level since >2001. he upity beat outlook in the labor market wasle red in cnbc's all america survey which ganls the sentiment of american tionwide. steve liesman has the result. >> reporter: a strong majority of americans feel so good wh their job prospects these daysy they feel tcan up and quit.

we know what happened with brookfield and onyx.hy have talks not progressed with brookfield and onyx? was it all about the price? mark:why have we are very flatto have received the approach from brookfield and onyx. anwas a approachn -- approach that did not go anywhere. it did not get diligence. the board were not able to agree terms. to move to diligence. flattered in the offering. it is a reflection of how attractive our sector has become. we have the largest platform in the sector, so it is an attractive proposition. anna: you recently, at the end of last year, turned the corner since. a profit warning in connection to the legacy london portfolio. how is that performing now? is there a danger of oversupply in that part of the business? mark: looking back on it, it could have been a timely difference. it was a bit of a speed bump. it happens when you are growing a business has rapidly as we are. it wasn't just about london. it was a combination of london, earthquakes hitting two big markets, and hurricanes hitting the united sta

brookfield is paying $9.25 billion to take full control of ggp which owns 115 malls. fallen in the last few years as traditional store based retailers have struggled to compete with online shopping. the german carmaking giant volkswagen is due in court again over the diesel emissions scandal. this time its trying to fend off a class action lawsuit in the uk. tens of thousands of vw customers want damages from the company. they say they lost out as a result of it fitting emissions cheating software to their vehicles. volkswagen has recalled 1.2m uk vehicles because of it but denies customers suffered losses. we were hoping to speak to one lead lawyers in that box lagan programme. we will chat to him later. one of the biggest challenges for india's government is how to feed its 1.3 billion people. and that's why farming is so important to the economy. but amid tough conditions millions of farmers have had to borrow money which they couldn't afford to repay. so the government came up with a plan to forgive those loans. but as sameer hashmi reports from the state of mahar

brookfield property buying the rest of ggp it doesn't already own. $15.3 billion.gp rejected a $14.8 billion deal cash is 61% of the new offer ggp owns more than 100 high end mall properties in the u.s they've done okay in what has been a challenging environment glaxosmithkline buying novartis stake. glaxo dropped out of the bidding for fooiz zerpfizer's bidding akzo is selling chemicals to carlyle. it tried to avoid a takeover from rival gic. >>> get you caught up on the earnings reports mccormick adjusted a quarterly profit of $1 per share 10 cents above estimates spice company raised its four year forecast and benefits on new tax law. then there's ihs market beating on the top and bottom line the financial analytics company said it was helped by improving end of market fundamentals factset beat the streets and added $300 million to the share repurchase program in the meantime washington lawmakers aren't the only ones who want answers from facebook want to go over to wilfred frost at cnbc's hq. >> mark zuckerberg will not appear in front of parliament in the u.k.

brookfield, that is it a record low for that stock. why? for the rest of the general growth properties company which they don't already own. this is all about investing in high-end malls. the market doesn't like it. ashley: no. stuart: how about that? >>> still on the markets, doug kass with us, seabreeze partners management kind of guy. doug, welcome back to the program. good to see you again. first question, are happy days here again for stock investors? >> i'm hearing a lot of optimism in the prior segments of your program, stuart, from the sunshine boys that you have had on. unfortunately i have, up fortunately i have to fade the optimism. i think that the complexion of the market is changing. we had this brief respite yesterday. we came off what i describe as the stormy bottom on friday thanks to the fact that the 60 minutes program had very few new and substantive revelations and the treasury secretary has also issued some less hawkish trade concerns but i think these will be fleeting and i think the market made a peak in late january

that has to do with the fact p has agreed to be a acquired by brookfield property partners which are 34% of the company. , many saying it is too low. a sample that the offer is wholly inadequate and negative for the sector, neither exciting for ggp shareholders. some analysts say it will go through anyway. you are seeing declines throughout the sector. a quick check on social media as well today. facebook for the moment is in the green. it did bounce around between gains and losses. twitter following and -- twitter falling and snap moving higher. majority of analysts out there have a buy rating. mark: rising for the first day in five-year. we felt to a 13 month low yesterday. the sock -- stoxx 600 seven weeks. it has dropped before today's open from the january 23 29-month high. not quite that 10% correction. the stocks making up for the losses over the last four days. know near the gains yesterday by the s&p 500. deutsche bank has held talks with a number of potential successors to chief executive john cryan as part of plans to replace the manager should a better candidate emerge. t

another young person, liam is calling in from brookfield, connecticut. are you getting involved in the protest today? caller: no, i am actually not. and response the last caller, i completely a political protests going on today. i'm from the town with a 26 people were murdered only a few years ago. my community felt it deeply. to say it is not political is ridiculous. people like chuck, senator from new york, my own representative from the 5th connecticut going out and supporting this view and you know there are people paying for students to go out there, it has been tracked. i'm not the kind of person to be a conspirator, but when i am seeing something like this and these children are being and dr. ated it -- being indoctrin in this view and paid to go out there, i'm concerned about their health. host: liam, you are a young person who obviously, you have very strong views, isn't it possible for other young people to have strong views that disagree with you but perhaps not indoctrinated just have their views? for people togood have their views, i will su

property partners ggp is rejecting a $14.8 billion cash and stock offer from brookfield that happenedin more cash and a new security that would trade as a real estate investment trust. >>> okay alphabet soup. get ready. defense contractor csra has received a takeover bid from caci international worth $44 a share in cash and stock. csra had already agreed to be bought by general dynamics for $40.75 a share all in cash it says its board will review the new offer. also, shares of touch stream technology company synaptics is under pressure they're currently a supplier of screens to apple >>> and just announced deal in the semiconductor industry kla-tencor is buying rifle orbotech for $3.4 billion. total value of the deal is $3.4 billion. i get it, r-o-c-k in the u.s.a. >> i get it. >>> in wall street news today, we are learning a high departure from steve cohen. >> .72's president doug haynes is resigning it's a move that comes as the firm closed a $3 billion round of fundraising and notably a little more than three weeks after haynes was named as a defendant in a gender discrimination la

europe's we seeing brookfield buying gdp?bunch of people who might have different views as to whether that was a great idea or not. alix: you don't think there's other good deals? sam: i didn't say that. i said there's a possibility that might not be as attractive as one would think. david: there's an opportunity for you to get some free advice. he comes on a real state where you came out of real state and is now going on to more broader investments the way you have done. what is your advice to him? ability tok that my operate outside of real estate is a function of the fact that i think kind of broadly. john is very smart. john thinks broadly. i think john will do great. my advice to him his answer read phone call, everything you can come assume nothing, and you'll do great. alix: before we wrap this part of, in commercial real estate in general, where do you see the value? sam: i probably have been a seller rather than a buyer. i look at commercial real estate a lot and what i see is of supply coming on in almost every capa