that's been danaher's way.here is tremendous joy there. >> they have gone out of the dental business. >> which is a tough business. >> their industrial business focusing the portfolio. >> they have a low multiple business there is a particular date i want you to focus on march 5th. >> yes. >> what happens? >> on march 5th, i believe lawrence culp will present at jpmorgan aviation transportation and industrials conference. >> is that boring or is there someone at jpmorgan that might be an interesting interlocutor >> maybe jamie dimon. >> how about steve tussa he'll be running the q&a he's been critical of some of the decisions. i think it will be maybe the most exciting analyst meeting in history followed up by a march 7th teach-in about long-term health care which has been this the single biggest bugaboo not dealt with by previous administration i think -- >> on the 14th, their outlook conference call. >> right so you got -- >> you got a lot coming up to try to explain the story at ge. >> if you took a flyer at

danaher is sharply higher on the news as well on adjusted earnings it will add to danaher's results.ugh on a reported basis, it will cut eps by $1.15 to $1.20 ge will still have a go-forward health care business of $17 billion because some of the health care portfolio of ge isn't going. pharmaceutical diagnostics will remain with ge danaher is going to borrow some, issue some debt, use cash on hand to make the acquisition which is part of culp's strategy to reduce debt, strengthen the balance sheet, reduce the leverage of general electric which is now up almost 12% on the news and remember it was down -- i think it broke under seven breerly in it's most recent sledding we saw at the end of last year. so if you base seven as the low, you're down back to 12 big move if you were able to buy ge at the lows >>> and a major deal in the drug sector spark buying roche that was 122% premium. spark working on treatments for hemophilia and huntingtons disease. >>> when we return, much more from warren buffett and becky quick in omaha we will be right back after a quick break. this is loma linda

we have culp used to run danaher.ut the company had first expressed interest in the ge assets early last year before culp took the helm analysts say the price is good for ge and also in line with peers whereas danaher getting a fastest growing business of ge and seeing shares up on the news that said, this isn't the only deal for ge today. it closed the merger of the transportation business and culp saying with today's announcement of bio pharma, they can be thoughtful and deliberate in terms of how and when they exit that transportation stake, as well you can see all three of those companies are higher right now ge up 7% danaher up 9%. wabtec up. march 7 sthd a teach-in on insurance and that had investors on edge for several years now and also march 14th when we're expecting an updated outlook from ge. >> a teach-in on insurance sounds thrilling, morgan. >> i think it sounds thrilling. >> i was going to say, i would, as well, to be honest. just quickly, clearly the market likes the deal across the board. 21.4 billion

lauren: ge unleadeding to danaher 21.4 billion dollars danaher ge ceo larry's former company includesgthen is balance sheet geoup almost 18% look at danaher up 6 1/2% in the premarket, also this, merger monday swiss drug maker roche bid 4.3 million dollars to acquire spark therapeutics in gene therapy to treat era disorders roche was competing for another unknown bidder for biotech to close second quarter, take a look at this up 62.34 for 121% gain price right now 113.90 each, potential takeover also in mining industry, all stock merger with newmont mining to create ming giant valued 42 billion dollars new monitor management has rejected overtures setting up a battle between two largest gold companies barrick gold slightly higher in premarket newmont mining up 47 cents also this vice president mike pence, big story meeting with venezuela opposition leader over rue mantarian crisis u.s. aid stopped by maduro. >> lindsey graham told you on sunday stha sunday. i will make a predick's not if he falls it is only when, it is a matter of time, unsustainable, issue people of inventorya americ

the latest is that the ipo is table after the danaher deal.ow does not have a lot of growth and they are sticking to it. that: brooke sullivan call -- called that. they are exploring options for the imaging after the biopharma sale. david: we will continue to cover it. coming up, buffett is still shopping. ceobook sure -- brookshire is sitting on cash and looks toward a massive deal. more on that. this is bloomberg. ♪ , global coming up investment strategist at principal level investors. -- principal global investors. is "bloomberg daybreak. huawei announcing its folding smart phone challenge the one unveiled by samsung. it folds into a small tablet. it will cost $2600. the market for smart phones is slowing. they are searching for ways to convince consumers to upgrade devices. j.p. morgan chase is asked to leave its ipo. bloomberg has learned offering for the home exercise start up at more than a billion dollars. they sell exercise bikes and treadmills and livestream fitness classes. berkshire hathaway has a cash pile of $112 billion and is l

the move is a strategy reversal for ge, which rejected an approach by danaher for that business about a year ago. the proceeds of the deal will be used to trim debt, which stood at $121 billion at the endf december. shares of ge were up more than 6%. 8.5%er shares gained >>> and now to barrett gold, which made an unsolicited $18 billion bid for numont mining. barrett gold sayss the move logical. numont had announced a ol$10 billion takeover of corp. and today, barrett, numont and gold corp. all finished lower. >>> finally, spark's portfolio includes treatments for blindness and huntington's disease. this deal follows a recent push among other drug makers into the gene therapy space. shares of sparks soared 120% while rauschra fell aion. >>> warren buffett released his annual letter to shareholders over the weekend. veit's an annual that many investors follow. and this year, it took on added significance given last week's warning by kraft heinz, a stock that is one of berkshire's major holdings. becky quick spoke with the d >> reporter: this past weekend, berkshe hatirway cn and ceo wa

dollars and now they're selling their biotechnology units for a good twenty one billion dollars to danaher and so that is so far a good news so that they can get rid of some of this huge debt blowout the stock of g.e. traded to the upside by a good fifteen percent when trading started by the end of the day only around lots of six percent were left because the downside of this deal is that the biotechnology unit was on not the fastest growing of g.e. and yes they get the cash but they're also losing one of the more promising parts of their business yeah and carter there with the view from wall street thank you very much. the mobile world congress the world's largest mobile telecommunications trade fair is in full swing but falling global demand for new cell phones has handset makers trying to find that next big innovation that will make it into the mainstream from foldable phones to five g. ready prototypes manufacturers have brought their brightest and boldest to barcelona. sony has built technology used in professional film cameras like these into its latest spark for. the images look pra

>> we actually recommended danaher a number of years.d. i don't know about ge. but it is great for danaher. >> you like retail or not? >> we're in the early stages of big decline in retail. the brick and mortar stores. you have to have a company like lowe's, emgo people go to lowe' because they can't buy items on the internet retail in general, no, the apparel and shoes, i say forget about buying those kind of stocks. >> mcdonald's? >> executing pretty well not a high growth stock, but earnings are still growing year after year we still have -- it is on our recommended list as well. >> o'reilly, autozone? >> people don't buy that stuff on the internet. >> autozone was at a 52-week high. >> doing very well the reason is because there are certain items not going to go on amazon and purchase it. >> service that comes with it too. by the window, windshield wipers, they'll come out and install it for you. >> cannabis stocks >> never touched those things. >> how about -- >> i don't inhale. >> you made some comments, did you -- >> bitcoin, we f

i think obviously this is exactly what danaher does.businesses, bring them danaherold, apply the business system to that and improves margins. as far as ge, i would agree they have a lot of would left to chop and that would is in the power unit. we still do not have a lot of details as far as what to expect in either of those businesses we should get those in rather rapid succession. expectednies filings to come sometime this week. they should provide more details on their long-term care insurance liabilities and what they are expecting going forward. they are also planning to give a to find call in march really get some parameters on what they are expecting as far as 2019. if you remember when they held their fourth order earnings call, they declined to give parameters around guidance because they needed to do more work on the power unit. i think there is more wood to chop. far so good. investors giving larry, a grade a for today's deal. shares have traded half of their 50% losses. ofnks to brooke sutherland bloomberg opinion. it is ti

danaher will take over ji ease of bio pharmaceuticals unit twenty one billion dollar cash deal. she has been trying to cut debt and reorganize its sprawling corporate structure. narrowing its focus to the aviation and power divisions. zhou has announced plans for an all electric car to hit the market before the end of this year. two eight model will also be sold in petrol and diesel versions but marks the french auto giant first. step toward its goal of fully electric fleets by. twenty twenty three electric car sales are growing rapidly around the world getting one point one million in. twenenty seventeenen the world's leading mobile tech trade show opens to the public with the new products including folding screens and five g. connectivity hitting the market. but it's the political backdrop on the future five g. networks it's cast a particularly longg shadowow. touching announcer explains. here at the mobile world congress in barcelona chinese tetelecoms giant while way occupies the biggest booth in the exposition hall. like industry rivals its flagship offering for twenty nine

. >> danaher, to your point earlier about home depot gets the benefit of the doubt when they do deals. typically the history is having done very strong deals this was the largest deal danaher has ever done, doing a small equity raise too but they did both go up. >> they did. >> i don't know if you can say that's a sign of confidence on the market. >> do you think kraft is one off? >> yes in some ways. >> really? you sure >> i don't know. >> did you read the affidavit? it is all right. i meant kraft heinz. >> i blame our executive producer for that one. >> kraft heinz, kraft heinz versus mondelez. should have bought mondelez. should have bought mondelez. >> anything they possibly could have >> really? >> yes because now kraft can buy nothing. >> campbell soup >> they have to spend more money at kraft because margins are under pressure. >> i had velveeta last night, i got to tell you, mouthwash and velveeta, they go together with scope will they buy scope? >> jell-o to finish it off. >> i couldn't have jell-o. it was too hard. i had an oscar mayer weiner, speaking about -- never mind >>

. >> got to get your thoughts on ge, given deal news to sell bio pharma to danaher for 21 plus billionares are up. it is a holding for oak mark fund do you like this deal? >> absolutely. ge is another example of what starting point do you say the move doesn't look like it makes sense. it was selling at half the current price christmas eve, but it is still beneath the price in october. we look at it and say if you look at all of the news on ge since october, it is easily in the positive column. biotech business that ge is selling is a valuable business, was not generating as much cash as value would suggest, and we think it is a very important step to identifying or highlighting the hidden value inside of ge's health care business we said all along there's a lot of focus on power, and power just isn't very valuable in the ge picture today you have to believe health care is valuable, you have to believe aviation is valuable, and you have to believe financial services isn't going to be a black hole today's transactions suggest that even our estimate of health care value is probably too lo

culp, who took the reigns, culp has been on a cost cutting spree of ge and of course both stocks, danaher and ge are speaking in this final hour. you know how they say fortune favors the bold? how about this one? does it favor the bold gold giants? a hostile takeover bid is brewing between the world's two biggest gold producers, barrett gold which right now is down 3% is attempting to swallow up new mining for $17.8 billion this would be an all stock down, down three-quarters of a percent but it values at $33.50 per share, and right now we're still above that, $36.21, so some people wonder if that 8% discount to friday's close is enough. keep in mind newmont made a deal to buy gold corp. last month for $10 billion. barrick is defending its hostile bid with high costs and dwindl ing resources and it bought rival rangold for $6 billion a lot of consolidation here. let us get to washington d.c. where in the last 45 minutes u.s. china trade talks just wrap ped up for the day talks apparently going so well but before he departed for vietnam president trump hinted there will be a "signing summi

this is the stock of the year, certainly the stock of the day surging after danaher agreeing to buy theiopharma business, for $21.5 billion. 21 billion in cash. ge wants it to pay down debt w both stocks up, what does it say for the overall stock market and economy. erin gibbs, portfolio manager at s&p investment advisory services, david dietze, president of point view wealth management. dan, great having you on the show. first time you've been on with me at least. the china deal first,. obviously starting to get baked into the cake. i think the dow would be up 1000 points instead of trying to stay up 100. >> this is has been a long time coming we found out in the summit in argentina china really wants to make a deal. they thought they could hold out play the long game with the u.s. they don't have to play the election cycles as we do. it has been very clear since the meeting their efforts to appease the u.s. government. we had a pretty clear indications nor the last week we would get some sort of announcement. charles: i was shocked, over the weekend i follow three chinese media servic

up about 66% from the lows we saw back in mid december for shares of general electric on that big danaher deal >> we'll have much more on that in a bit welcome to the exchange, everyone oil is falling 3% after the president tweeted at opec today, telling the group prices are too high china stocks are rallying big time on the tariff delay posting its bay day since july of 2015. and the dow index bounced back in february. that's a decent sign for the economy. >> it appears that a lot of problems on the table in december are back. >> 2800, that was december 3rd, we went down to 23.51. the complete round trip. a lot of major problems that were issues in december seem off the table. for example, the fed is less aggressive onraits than feared fear of an escalation of the trade war. the oil price plunge that some feared a drastic slowdown. the big issue out there is the global slowdown. the fed in its friday report specifically said that some of the slowdown in u.s. economic data is likely due to trade issues the big question for mr. powell this week is this. how do you explain the recent spate

selling it to danaher, $21 billion. coming in assets.got e. >>> back to my editorial. some would say i was ranting about bernie sanders at top. hour. look what he said about communism and fidel castro. roll the tape. >> everybody was totally convinced castro were the worst guy in the world. all the cuban people would rise up against fidel castro. forgot educated their kids, gave them health care, transformed the society. not to say fidel castro and cube is perfect. ashley: what? stuart: this is the heavy enon earth author. does the man never pay a price for really supporting murderous dictators, lunatic communist system? does he ever pay a price? >> so far, so far he hasn't and he has covered up what he stands for by calling himself a democratic socialist. actually the democratic part is optional. he's worshiped socialist regimes that were not in the least beat democratic. castro not only one. he was huge booster of the sandinistas in nicaragua. stuart: this is not the cuban socialists, this is not the ussr, gobut go ahead. >> very much

wall street analysts say the sales of ge while pharma business to danna her will -- to danaher well athe concerns about liquidity. and analyst says ge's top priority should be turning around the power business. david: walking the story -- alix: walking the story forward with ge, yesterday was the materials when for the company. david: they set out a strategy. it was a big step. he said it was two thirds of the deleveraging he promised. $21 billion of it. he said he got a good price but he was quick to say it is not over. this is not the war. a long way to go. some public events. they will be talking about what they are doing. alix: swift action. the market likes it. non-swift action -- that is tesla. -- now the fccs came out and said you misstated that. therefore we are going to a judge and say about being in violation of the agreement that someone is actually going to be looking at your tweets. oppenheimer manage meant director has a price target on tesla. the stock went down on that. how do you have that kind of buy rating and price target when you have this overhang from the fcc? >

danaher rose to all-time highs.ck gold is going us the linens bid to buy newmont mining. shares in both companies fell on the announcement. newmont says it is more interested in its own plan to take over rival goldcorp and dismissed the latest approach. >> it is a move in my view of desperation on their part. they've only been eight weeks now since they started a new company together. they have not even started to digest what they've bitten off, let alone putting an operating model that can manage that. i don't know where they are coming from thinking they can take on a third piece of complexity. rishaad: reports of creditor committees being forced to arrange a debt resolution for the beleaguered invest in group. the local newspaper says the group is led by the export import bank alongside industrial bank and development bank. missing a local nonpayment last month. it is carrying something like $34 billion worth of debt. juliette: tensions are flaring up between india and pakistan. we have seen quite a lot happening

on better footing, the optionality that they have given themselves as a result of this deal with danahert to have to fire sale things, aren't those important elements that would lead the stock to never get anywhere near the $6 stock price? >> yeah, you are absolutely positively hitting on the right things 100% hitting on the right things right now, okay, this -- next year i believe, you know, kind of the free cash number that you're going to put up for this company will be somewhere between -- it was -- ipo health care, would have been problably below zero and next year it is probably going to be kind of in the billion 5 to $2 billion range or roughly 15 to 20 cents i can tell you right now that $10 per share does not reflect where a fundamental currently stand. they are giving a massive amount of benefit to a significant swing at power from negative 3 billion in free cash to probably about a billion plus of free cash over the next three years and they are also assuming that ge capital is zero the average company in my group trades at about 18 times free cash flow. so you can do the math