of the deal are not public some news reports suggest that the value of the chicago stock exchange couldbe in the neighborhood of seventy million dollars and the other large global exchange operator c.m.e. group the chicago mercantile exchange group has announced they have reached an accord to acquire any x. the u.k. based exchange c.m.e. group c e. terry duffy's said the acquisition will allow c.m.e. group to create significant value and efficiencies for our clients globally and back with us discuss the new exchange purchases of former exchange c. street executive board boris thank you so much for being here it's always great to have you what do you make of this merger mania going on at these large exchanges. great to be here with you bart thanks for having me back i think these are two very different deals the larger one obviously the c.m.e. buying the next group i think what's very interesting about that one is that the c.m.e. controls a significant portion and the franchise in u.s. treasury futures broker tech which is part of the next group operates the largest electronic platform f

stock exchange is growing its global exchange empire. the parent company of the u.s. stock exchange really -- recently announced it is buying the chicagoo month after u.s. regulators blocked the sale. joining us now is jeffrey jeffrey pressure -- jeffrey sprecher. chicago, and you are based in atlanta. why? sofrey: we own 12 exchanges, doing a deal with chicago will be our 13th -- it is the opportunity to have a presence in chicago. atlanta has become a tech-centri c city, so we can sit in atlanta and operate exchanges around the world. david: did you decide to come to atlanta because of tech? jeffrey: i am a serial entrepreneur. i was running another company -- i saw a little failing company here in atlanta and acquired it did i came out on a monday morning. there were 47 employees. to everyone that i would be moving ever want to california, thinking they would be thrilled. an hour later, a said we all decided to quit. i recognized how strong this community is an recognized if i was going to build a business with that group, i would -- it would be incumbent on me to move to atlanta. s, a southerntho charm, that really exists in the bu

we have learned that the parent company of the new york stock exchange will require the chicago stocke reports of discussions going on. exchange triedck to sell themselves to a chinese company, and that was stopped. the parent company of the new york stock exchange will be buying the chicago stock exchange. alix: the sec blocked that deal in february. it speaks to the change we are seeing in how you trade. if you have exchanges struggling, it is a very small portion of what we used to be. david: and the new york stock exchange is a big one. chicago is like less than 1% of u.s. equities traded. it is a changing complexion of the marketplace. it is an interesting story. alix: the stock is unchanged on the news. david: people spent yesterday trying to sort out the exchange of trading threats between the u.s. and china and what they amounted to. no clear answer insight. >> i think it is a good traditional game of chicken. >> we have to be prepared to carry out the threat. i think the danger of a real trade war is far higher than it has been for decades. >> i do think we have entered a and

the chicago exchange handles a fraction of u.s. stock transactions.a has suspended the party of the former prime minister ahead of an expected election later today. seen asay ban is weakening his challenge to the current prime minister, with a vote possibly coming within two months. this is pension comes after the party failed to provide certain information to election authorities. it is not known what that information was. a brazilian judge has ordered the arrest of the former president a day after the supreme court rejected his appeal against imprisonment. he had been convicted of corruption and sentenced to 11 years. he argued that he should not be jailed until he had explored every legal appeal, but the supreme court denied that. he is banned from october's presidential election, although he is the clear favorite. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins. this is bloomberg. you so much. president trump calling president xi jinping a friend, but says it is time t

the head of intercontinental exchange announcing plans to acquire the chicago stock exchange, but accordingthe company will not be moving from its current wonderful city. bloomberg daybreak went to live to atlanta to interview jeffrey sprecher about the planned acquisition, it's plans for the future, and the decision to stay put in georgia. exchangese own 12 around the world, so doing a deal with the chicago change will be our 13th. it is an opportunity to have a presence in chicago. the exchange business today is right technology oriented and atlanta has become a very tech-centrich city, so we can sit here and operate exchange is around the world, chicago just the latest example of that. david: did you come to atlanta because of tech? jeffrey: miami serial entrepreneur and i was living in beverly hills, running another company i had started and i saw an opportunity to bring transparency to the energy business. and i saw a little failing company in atlanta and i acquired it. i came out on a monday morning and there were 47 employees, and i announced that with all of my west coast bias that

julia: been your stock exchange current company has agreed to buy that chicago stock exchange. 't say how much they are paying people from other with they will value the chicago exchange 250 two $100 million. delta says the data breach of card information of several thousand customers, the cyberattack was a contractor provides online chat services to the carrier and occurred between september 26 and october 12. customers names, addresses, and card information, including security numbers and information date. movie pass, which provides access for a $10 monthly fee is teaming up with movie phone. the show screening times for movies. verizon gains and an ownership stake could help accelerate the growth of the startup. movie pass has been warned of its longtime viability that is in question. and that is your bloomberg business flash. we talked about this earlier. julie: movie pass is a fascinating story, and my hero today, for referencing seinfeld, what will you tell me about the name of the movie would like to see? that is for seinfeld fans. higher, theopping best stock in the s&p

the chicago exchange handles a fraction of u.s. stock exchanges.le boss tim cook will be questioned by qualcomm's lawyers in june as part of the chipmaker's escalating battle with one of the world's most valuable listed companies. the dispute began in january last year when apple filed a $1 billion suit, accusing qualcomm of overcharging for patent licenses. it is part of the chipmaker's countersue, accusing apple of lying to regulators. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i am courtney collins. this is bloomberg. ♪ betty: courtney, thank you so much. jamie dimon warning of risks to the global economy from a potential trade war. he shared a solution with shareholders. rally a thirddid day. $100 billion worth of additional tariffs to punish beijing for what is seen as a lack of contrition by washington. that statement out the last 10 minutes or so. our guest joining us with his views. this is bloomberg. ♪ ♪ we are counting down to asia's first major market open this morning. japa

a bit of a merger mania on wall street new york stock exchange announcing will acquire chicago stockump is working on a deal right now to rein in some spending from 2.3 trillion-dollar omnibus bill signed last month monsanto reporting weaker-than-expected revenue down fractionally zuckerberg says sorry again facebook reveals nearly 90 million people had datas exposed almost double the company told us jobs' report out tomorrow economists expecting 193,000 added to economy last month unemployment rate is expected to edge lower, to 4% even, we are talking about almost full employment christina, this number tomorrow is important. >> it is. >> right, this number revised originally 195 now 193 we haven't seen this unemployment number since 2000 that low 4%, economy doing very, very well, right now, that is being reflected in the numbers not as high as previous month so we need to -- from -- the weather, but -- >> that is my question in 195 strong number but softening from 313 last month a 3 month average about 240,000, i don't know enough to know what that that -- >> first quarter is slowe

chicago. first to nicole petallides on floor of new york stock exchange. nicole, it wasn't so bad, right? >> no, it wasn't and if you didn't have ibm in the dow jones industrial average you would have up arrows across the board for the dow, the nasdaq and s&p. we have eight of 11 days with gains for major averages which moved above their 50 day moving averages. today ibm dragged on the dow jones industrial average 80 plus points. let's break it down. the dow down 38. s&p 500 is fractionally higher. the nasdaq i think i saw an up arrow there. that is the big picture. ibm we told you yesterday on "after the bell," there was a concern about the growth of profit. it was a miss. so tumbling 7.5%, it certainly is a big miss, and it is also the biggest loss in five years for ibm. that is obviously shaving off 80 negative points for the dow and turning negative for 2018. thank you, charlie brady for some of these great stats. look at airlines, airlines jumping. united beat the street on top and bottom line. 4% higher for american, united continental. part of the reason they did so well? higher fa

phil flynn from the cme in chicago and nicole petallides on the floor of the new york stock exchange. nicole, it all started to fall down at about 11:45. what happened? reporter: yeah, that was one certain just another piece of news we heard from president trump that secretary steven mnuchin would be heading to china to discuss trade. that's something that spooks investors generally. obviously that is something that moved the markets over the last month or so. every time we started to get worried about trade wars, when you know it's a negotiating tactic, but that was something so that may have spooked the market on top of all the other news we've gotten. here's a look at dow, the nasdaq, the s&p. the dow dropped 423 points, off the earlier lows of 620. but caterpillar, a big loser on the dow jones industrial average, when you have the company, it came out with numbers for the quarter that were beat but on the conference call giving a cautionary tone saying that it was the high-water mark of the year in talking about rising steel prices and costs they're going to face. that was down 6%

phil flynn has details from the cme in chicago but first to nicole petallides on the floor of the new york stock exchange. nicole we are hearing report about rod rosenstein, the assistant attorney general, who essentially was saying or is rumored to have told the president that he is not the target, that is apparently what improved the markets. still ended lower but it was much lower before. you can see a little pop up at the end of the day. it was the rosenstein news that some people say changed markets. >> we had been down lowest point, 191 points. we jumped off the lows 100 points trimming the losses after a bloomberg report that president trump is not the subject of special counsel robert mueller's probe. that helped us come off the low. i will get to apple but that shaved off 35 dow points. the dow down 1/3 of 1%, first back-to-back losses for the month of april. the nasdaq composite, look at that, that is down 57 points. apple weighing on the dow jones industrial average, down over five bucks. some choppy iphones sales. that came under pressure. proctor & gamble, a consumer staple out with quarterl

chicago. >> kevin o'leary on the phone with what's happening up north with the shutdown of the toronto stock exchange can you tell us? >> caller: there's not a lot of information right now other than that institutions, particularly canadian institution funds, a lot of the sovereign funds, and investments in canada are getting liquidity and exchanges, but the large cap stocks in canada are trading in others, so this is causing a lot of chaos, a lot of fighting when people do not want to go into the weekend long or short or in any position sometimes, and it's not clear what's going to happen here because this is extraordinary. we have not had this happen in years and years and years, so i've got -- i've got investments in canada now, and it's literally freaking out trying to find out how to get liquidity or take positions into place somewhere else, but many canadians, particularly mining companies and national resource companies do not trade with liquidity anywhere else other than the tsx and montreal board. >> kevin, what about the futures market in toronto? is that typically liquid over the weekends

chicago. he is watching gasoline prices. have you noticed they are on the rise, i'm sure you have if you have taken a road trip? first to nicole pettalides on floor of new york stock exchange, who took a pin to bust this balloon, nicole. >> truth the matter, david, some of the traders at the closing bell were looking at a "new york times" article other that fbi raided offices of trump's lawyer michael cohen. dow up one quarter of 1% at this time. the other two factors, volume was lighter than it was on friday's selloff. syria, what will president trump do about syria. what will he do pertaining to syria. we know he has that front and center for today, maybe tomorrow. what drove the dow jones industrial average, goldman sachs, merck, ibm accounting for nearly half the dow gains. merck was up 5.25%. health care did very well. a lot of biotech investors got squeezed today. we saw technology big pictures, technology, don't forget amazon to the crushed on friday. they tried to buy many solve those back big time. last but not least, a quick peak at financials which on friday we'll be watching for some of those but according to the report from "the new york times" they are seizin

stocks still look pretty fantastic him find out whole interview. more "squawk on the street" right after this . >>> let's go straight to chicago. rick santelli at the center of the universe with the exchange >> reporter: absolutely, sarah, thank you. that's correct jerome snyder, thanks for being my guest sarah aptly pointed out, this space the treasury futures, this cash is the epicenter. we have an interest rate since early jean, 2014, haven't had a close there since 2011 what does 3% mean to you when you talk to investor, jerome >> basically, it's a single we are continued growth in the marketplace, we should expect term premiums. which is effectively the incremental premium you earn >> you stack the short >> exactly >> you will take a little more interest exposure. as a result we see the market calibrate to higher expectations meaning interest rates will continue to increase when the fed policy permeates itself over the next year or so. >> sometimes i'm stubborn, off camera you see how stubborn i can be the big elephants in the room are central banks. it's not an easy big condition september to talk about every single time i'm on, but to think that we're excited, nervous, wondering ar