prepared themselves for m&a, so they're talking to bunge and others.f bunge went up 17%, but that's not a friend doutremendo given how much has sold off recently. >> the prices for soybeans have fallen so much. >> the problem is the margins are getting crushed. if you can dominate, it's helpful. secondly, geographically it's important for glencore. the u.s. operations is somewhere where glencore does not have a huge presence. it would give them access to a potentially interesting market. >> whenever we talk about these deals, mega deals, we always think, is this the top of the cycle? i know we're not necessarily talking about a super commodity cycle right now, but do you feel like we're getting closer to it once again? >> it depends. in some ways it's opportunistic in terms of where the sector, grain sector is trading now. tough time for the grain sector. there's a huge oversupply there. it's very difficult to make money there. on the one hand, glencore could be opportunistic and work out well for them. looking at the price moves, doesn't look like the

scarlet: one of the main players in the target is bunge.n white plains, not far from manhattan. $11.2 billion market cap. what are people saying about how much of a premium glencore would need to pay? the numbers.to run we are still trying to get more details. we know that the -- that an approach has been made. we are not quite clear on where the situation talks are. early days. clearly, deal premiums for the company. 30%, 40%. 's ceoglencore -- bunge said earlier this month in a conference call that he was open to deals. that's a bit of a change of tune for them. for 150e been a company years. i think they see the writing on the wall. the trading business is difficult. they have had slow margins for years now. scarlet: scale, of course, a huge advantage. julia: absolutely. briefly here, this will make a major play in the u.s. agricultural market. what about the regulators? >> it would make them a major i are here and in other markets as well. you've got to bear in mind that major weakness is very limited presence in the u.s. my suspicion i

the agricultural trader bunge jumped. glencore is an contact and finished the london session down.ped, taking the fire above $11 billion. toshiba and western digital are meeting on wednesday to resolve their dispute over the flash memory chip unit. western digital is ready to make concessions in order to retain its share of the operation. westinghouse creditors have dropped their opposition to a final bankruptcy loan, clearing the way for to receive $450 million to keep operating. sony's consumer electronics division now enjoys a dominant role when it comes to the gaming sector. the ceo told sony investor relations day that movies remain a hugely important part of the overall business. >> the picture segment remains an important business persona and we are increasing the urgency with which we implement measures to improve the pictures business. senior equities analyst at jefferies was at the event in tokyo and joins us now. take us through what the takeaways were. >> thank you. threeit of context, we years back, we used to be very skeptical three years back in february 2014. we upg

we're looking at shares of bu e bunge. it was halted and now reopened. a big winner. we have reached out and will be sure to come back, melissa, with any details that we get. back to you. >> we'll go live to amazon's annual meeting where there's surely a lot of happy people considering the stock's run but not this group. we'll explain why. a new drug helping to solve the opioid epidemic. ♪ this is a story about mail and packages. and it's also a story about people. people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ >>> welcome back to "power lunch." amazon's quest for world domination continues. ear earlier this morning the company announcing a bigger push into the wedding business with the launch of the wedding shop. the site offers thousands of hand crafted eye it thames from decorations to jewelry. amazon

grains trader, bunge. ft says bun je is not currently engaged in talks with glencore, however it rallied yesterday. it's off 5% today. >>> still ahead, president trump meets the pope. we'll have the details and the pictures of the face-to-face meeting next. >>> first, as we head to break, here's today's national weather forecast from nbc's bill karins. >> good morning. the big weather headline of the day is the southeast. severe weather, potential for flooding continues. 38 million people at risk. literally all of the carolinas, georgia and florida. a huge population center. a lot of cities. when the thunderstorms roll through, we will get the airport and travel delays. here's the timing of everything. going throughout the late afternoon, this is when thunderstorms pop up. a line through central florida a line through george. a couple of strong storms heading through the carolincaro. that will continue as we go throughout the evening. the strongest storms could produce isolated tornadoes. some of the rainf

president trump is back in the united states this memorial day, facing difficult questions about his bung budget and new developments in the russia investigation. tracie potts joining us live from capitol hill with what's in store. jared kushner and back channels to russia. we expect to hear more about that. good morning. >> we probably will. good morning, in fact, already this morning, sam, president trump has told "the new york times" that he has total confidence in kushner, and the white house is said to be setting up a war room to deal with that whole issue. for the first time since inauguration, president trump places a wreath at arlington national cemetery. later this morning, fresh off his first overseas tour. >> really missed a lot of opportunities to add to the security or add to the important urgency we have in meeting russian aggression. >> the president returns to new questions about russia, with multiple sources confirming his son-in-law and adviser jared kushner is under scrutiny by the fbi. >> he's not a target, and so i think i would just wait. sounds like he's more than g

tonight it is going to be populated by a less auguste bunge, a host ofjournalists.ell the debate went tonight for the panellists and crucially also here will be representatives from all of the parties taking place, who are part of the debate itself or that they will try to put their spin on how well the debate went for their particular panellists. didn't make sense for jeremy corbyn to turn up in the end of the last minute, was at a good thing or a silly thing. of course we know that is not going to be here. how did that play into the dynamics of the debate? everything that you see tomorrow morning and read in your newspapers, listen to on the radio or see on television, all that will be influenced by those party workers trying to influence the generous here as they give their interpretation of what happened. so it will be a lively evening tonight, the place will be full of people, and it should be very interesting. ben wright is here with me. what will the attendance of jeremy ben wright is here with me. what will the attendance ofjeremy corbyn do to this debate an

bunge says it is not engaged in talks with glencore.ro >>> and uber says it inadvertently underpaid new york city drivers for 2 1/2 years. the company took a commission from full fare prices. uber says it will pay back drivers, with interest, for the mistake. the "wall street journal" said the average driver would be repaid $900, totalling $45 million. we will talk with adam lashinsky, author of the new book "wild ride: inside uber's quest for domination." >> let's get to this. the united kingdom raising the threat level to critical and deploying soldiers to key sites to prevent further attacks. willem marks has more. >> that's correct. they're still trying to identify here, authorities and investigators in this huge police cordon behind me whether salman abedi, the 22-year-old man responsible for monday night's attack acted alone. because they can't rule out if others were involved, they decided to raise the threat level to critical. the highest in ten years for the uk. theresa may has been talking about that overnight. we also heard f

bunge stop job takes the market value above $11 billion.is being sued by the justice department over claims that thousands of light-duty diesel vehicles were legally fitted with software cap hidden during certification. the complaint alleges the software causes the car's a mission control system to perform better and tests than normal driving conditions, essentially what volkswagen has admitted to. betty: reports say protons parent has agreed to sell a minority stake of the carmaker to a company in china. we are told the decision has to be approved. it stop will be suspended from trade today pending announcement. the investment would allow the company a foothold in ibm market and would be as biggest since it bought volvo from ford for $1.5 billion in 2010. is china's first to smartphone maker. not so well known here, but closely linked to google. up withis also teaming volkswagen for more artificial intelligence. atphen engle is with the ceo the technet 2017 conference. steve? stephen: artificial intelligence is the thing, and we are going

come back to your redemption point earlier, the great big bung let four weeks ago that got a second chance done. >> could this pave the way for tax reform in your view? >> yes. very important. nothing else the legislative balance here is sucking all the oxygen out of the air okay. yo i don't care about the numbers so much, growth is the most important thing. yes, this will go the senate, i'm going to make a pet here i don't know, i think the senate will come back with something that is doable and i think it is something that will get done. >> it'll be tight, there's an hour left in voting. 208 votes for yes. two democrats by the way. 18 votes for no. 187 democrats voting no. so it's 210 -- 211 now to 205. you said you need maybe 16 if one of the republicans didn't show up due to family emergency. >> i know your a bit cynical in american policies, sometimes in these bills, judgeship, bridges to nowhere, politics, you got to do what you got to do. >> i copy and pasted hr 28-26. literally. 19,266 words in this bill. so there's a lot of fine print, larry in this. i guarantee all 19,000 which i

but see if you can't leave me about an inch from where the zipper ends around under the back of my bung hole. >> you're awake now. i bet you're awake now. good morning. is it the right time to say happy mother's day? happy mother's day. what you just heard was president lyndon johnson ordering pants on the phone in the second most popular taped conversation in the white house. tapes from the oval office began long before water gate and long before lbj imagined fitted into presidential pants. back in 1939 when franklin delnor roosevelt wanted to record news briefings where he felt "the new york times" misquoted him. "the new york times" included a microphone hidden in a lamp connected to a recording device in the white house basement. the practice of recording conversations continued in the eisenhower, kennedy and johnson administrations and finally with nixon, for whom the taping of conversations backfired and the practice came to a halt. that was almost 45 years ago. yet on friday many wondered if trump had revived the practice of wiring the oval office when he threatened his former fb

shares of bunge soared 17% yesterday, but have fallen.n of bloomberg lp is a senior independent director at glencore. and in the u.k., full year earnings beat estimates. this offset weakness in the retailer's clothing unit that will boost hopes that marks and spencer ceo's will put the company back into growth. guy: thank you. now, in its financial stability review, the ecb says repricing risks in fixed income markets remain significant. we are talking about the u.s. here. at an event speaks in madrid later today, but before that, matt miller will speak with his second-in-command, vitor constancio. we bring you the interview during this show. let's get back with reinhard cluse. i have on the screen here, the u.s. 10 year spread. we have come up a little bit. does the ecb have something to worry about here, as we start to see the ecb getting into gear with what happened surrounding the rates cycle, that it will pull european spreads higher? how big a problem is that? >> we have seen easing of monetary policy over the last couple years andq