this is on the deal to acquire calpine. calpine was once a public company and power producer.ring, but got taken private in 2017. it was a big deal then. >> oh, yeah. >> it has gone very well for the sponsors in that transaction because they are selling at a far higher price to constellation. >> they don't mind they could have gotten much more? >> when? >> this morning. calpine. i'm watching the stock. >> how much more? >> before the day off, we were understanding -- the commemoration -- we are understanding con city legislation constellation would pay more. >> 50 million shares are main part of the consideration. the 50 million shares went up 21%. thank you very much. >> you're right. >> the equity purchase price is already going up if you want to figure it out because 50 million shares teams imes constellation. you add those up and you got to actually take out what they say is the cash generation between the announcement and close and not to mention some other considerations as well. so, you get to total of $26.6 billion. by the way, more importantly and why the market may b

wall street journal reporting that constellation energy will try to buy out calpine. calpine has lots of energy plants here in the bay area, including that natural gas plant along 101 in coyote valley. looks like president biden will call for more restrictions on nvidia chips beyond just a ban on sales to china. the white house could announce as early as today it will limit the number of powerful ai cps that can be sold overseas, even to friendly countries. bloomberg, the first to report that full allies like canada, australia and most of europe can still buy all they want. the fed once again worried about inflation, and while it's not naming names, it's worried about inflation caused by donald trump's policies. two specifically, the deportation of hundreds of thousands or millions of workers, which will drive up labor costs and huge tariffs that he's promised against canada, mexico and china. tariffs are inflationary. the federal open market committee on tuesday released the minutes from its most recent interest rate meeting and said they were worried about, quote, s

constellation energy announced it's buying calpine for $16 billion.alpine runs 37 different power projects across california, including the geysers outside of calistoga, and it's one of the largest natural gas generation companies in the country. the deal comes amid huge demand for power in california and nationwide by the ai and data center industry. well, you have probably heard of dry january, where you stop drinking alcohol for the month, but what about no spend january? many people are deciding to take part in the trend. after all the holiday spending on gifts and parties, the goal is to focus on purchasing just the necessities. some tips include no eating out, including no ordering takeout, no going to bars, no online shopping and watching movies on streaming instead of in the theater. >> i would rather see people be a little bit more realistic. set these goals that are attainable, that then you can feel good about, and then that can transition further into the year, you know, into the first quarter, then into the summer and beyond. >> financial

constellation energy announced it's buying calpine for one for $16 billion.ine runs 37 different power projects across california, including the geysers outside of calistoga. it's one of the largest natural gas generation companies in the country. the deal comes amid huge demand for power in california and nationwide, driven in large part by ai and data center industry demands. take a look at what's happening on wall street. a difficult day for the dow. it's down more than one and one half percentage points, losing almost 700 points right now. that percentage loss is similar to what we're seeing on the s&p and nasdaq. a new trend is taking hold this month called no spend january. many people are putting a pause on their spending after going all out for holiday gifts and parties. the goal is to focus on buying only the necessities. participants say they're skipping things like eating out, including takeout orders and staying away from bars, as well as online shopping and only watching movies on streaming services instead of going to the theater. >> i would rat

moments ago, breaking news regarding constellation energy, near a deal to buy calpine in what could bever deal in a power generation sector. with more on the m&a backdrop, i want to welcome bob profusek. they have advised more than 1000 deals over the past decade. bob, great to see you. you say that the m&a stars are almost aligned perfectly for 2025. in large part because of the lighter touch regulatory environment under a pro-business donald trump. the deals announced this week and today, it is not like they came together after november 5. >> there has been a lot in the pipeline, so to speak. but the last two years have been difficult. the regulatory environment is difficult. it will probably be better. most deals are global, or have a global dimension to them, a utility deal or something like that. it is difficult outside the u.s.. one of the things people are worried about, there is euphoria on the other hand, the idea the u.s. steel deal was blocked on those kinds of -- on the grounds it was blocked on. that is troublesome. one of the things that has evolved in the last few years,

. >> a big deal in nuclear, the largest operator, constellation operator saying it will acquire calpinelation which nearly doubled last year. it's up more than 36% in the first few trading days of the year, and that says a lot about this deal and what it could mean for this combined company. >> that's been the question with companies like these. they've done so well over the last year, all the optimism already priced is, and clearly it's not. when you just look at how much energy we need for the grid, for artificial intelligence, for electric vehicles, there's not enough to go around. that's where something like nuclear energy is going to be a big source. with this deal, they're your largest clean energy provider between that and natural gas. that's going to be a beneficiary for them. i don't think that's ending any time in the near term and i think this is something you want to be a part of. >> constellation has the biggest nuclear energy fleet out there. courtney, what you were saying was it's the largest clean energy provider. >> clean. >> and that's what the data centers want, julie

shares hitting a record after confirming they're going to acquire privately-held calpine, a $26. 6 billionincludes cash and stock. constellation guiding full-year adjusted earnings per share to above where analysts were anticipating numbers the to come in. >>> well, the oil patch also on the move today as the biden administration slaps major sanctions on vladimir putin's energy sector. goldman sachs' top oil man is here to tell us what it will do to the price of oil as the wars in ukraine and in the middle east rage on. we'll be right back. ♪ ♪ at harbor freight, we do business differently from the other guys. we design and test our own tools and sell them directly to you. no middleman. no folks in suits telling us to raise prices for the heck of it. just quality tools you can trust, at prices you'll love, every aisle every day. that's how we like to do business any way. whatever you do, do it for less at harbor freight. (♪) ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance... ♪ ♪ ...at each day's start. ♪ ♪ as

owner of nuclear power is acquiring calpine.t $16.4 billion. the deal expected to add a more than $2 billion of free cash flow annually and also deliver more than 20% of eps accretion in 2026. meantime, president-elect trump's speaking at gop -- at the gop governors conference yesterday where he reiterated the idea of taking over greenland from denmark. we've been talking about this all morning. pippa stevens is here with more on what greenland has to offer. >> president-elect donald trump has set his sights on greenland because of its rich mineral resources, access to global shipping routes and strategic location in the arctic, which is especially important as tensions with russia and china flare. greenland has 25 of the 34 minerals deemed critical by the european commission, including lithium and graphite, which are key for ev batteries and cell phones. it also has rare earth reserves, which are crucial for the energy transition, military equipment, and computer chips. china currently dominates that market, and with tariff thr