we have news coming from deutsche telekom. they are going to sell in the netherlands. deutsche telekom to sell t-mobile netherlands for an enterprise value 5.1 billion euros so this is a bit of a move. we will see how that trades on the morning open. tom: 5.9 billion u.s. dollars and they had a number of bids for this part of the business but a significant selloff for deutsche telekom out of their dutch business. manus. manus: it goes over to a new vehicle, telecom holdings. let's get the first word news from simone foxman. she is very much present. she is in doha. simone. simone: thanks. it's johnson will announce his long-awaited plan to read from social care later today. he risks a major dispute over a tax rise that could hit young people the hardest. he confirms a 10 billion pound increase in national insurance payments would break a pledge in the conservative party's 2019 election manifesto. prosecutors in the northern chinese city have dropped their case against a former alibaba manager accused of sexual assault by a subordinate. they say the man's behavior did n

deutsche telekom part of the mix let's get the first word news then. laura: u.k.ister boris johnson will announce his plan later today. he risks a major dispute could hit younger people the hardest. the national insurance payment would break a pledge in the 2019 election man manifesto. prosecutors have dropped their case against a former alibaba manager accused of sexual assault by the subboard nat. that he changed it to a lesser offense of indecency. london's underground had its busiest morning before the pandemic yesterday as office workers returned to their desks and schools reopened. more than 38,000 people used the tube during the morning peak hours. data usage is now half of its prebammed levels. el salvador said the country has bought 400 bitcoin -- and they are adopting it as legal tender. businesses will be required to accept the digital coin. powered by more than 2700 journalists and analysts in more than 120 countries. thises bloomberg. tom: thank you very much indeed. plans to establish a unity government and has urged mining companies to keep operatin

deutsche telekom is said to be nearing a deal to sell its dutch unit for $5.9 million. is one of his largest divestments from recent years. a sale could be announced in the coming days. a consortium is seen as a strong contender. bloomberg had reported interest from an indian billionaire. in a major shakeup to the nikkei 25, -- nikkei two to five, joining the index from the first of october. then tendo's long-awaited inclusion comes as -- a cap on the new stock weight so it will not account for more than 1%. a combined market value of $280 billion. rishaad: let's have a look at what is going on here with the general market moves. the nikkei 225 closing out its morning session with a gain of 8/10 of 1%. tech names responsible for the advanced. -- for the advance. we are discussing philippines on the way up as well. people weighing up the resilience of a global recovery, which is continuing to be supported by central-bank stimulus. we still have this delta virus strain producing a bit of a challenge. the chinese markets are fluctuating a little bit. s&p, 500, nazneen futu

as part of the deal, softbank gets 225 million deutsche telecom shares in a swap and deutsche telekomich o potentially 6.9% if the t-mobile price hits $150. but probably none of that is the reason by the share price gain. softbank is pointing to new positives, that it is part of their diversification strategy for the telecom portfolio. it also gives access to vision fund companies in europe and the united states. but it is purely the cash portion of it that probably boosted shares yesterday. shery: the big question always around softbank is whether they will announce another repurchase of shares. what can we expect? >> the $2.4 billion from deutsche bank doesn't justify a 10% jump in shares, and not enough given they spent want to $3 billion on buybacks last year. -- spent $23 billion on buybacks last year. the discount approached 60% before the recent share jump, an area where a lot of people were anticipating additional repurchasing. at the last earnings, they did not rule out a buyback but say they are weighing factors. one is the fact he is spending money for investments in vision

deutsche telekom and softbank have announced a share swap plan.organ stanley is bringing its program to hire more black and female traders to london. the morgan stanley program is aimed at recruiting black or female candidates already working in other industries. the bank has hired 70 people across its businesses. ppg industries has withdrawn its financial guidance for this year. higher material costs are hurting ppg. there worrying hurricane ida may make the situation worse. $3.5 billion in cash. state street says it is now targeting a pretax market of 31%. that is your latest business flash. guy: it is interesting what you just mentioned about the supply chain story and the coding sector. the chemicals industry is the worst performing area for european equities markets today. that sector down by 1.2%. it is the leading losing sector in europe. there are only three sectors in positive territory here in europe. the consumer sector, the luxury sector is having a better day, and travel leisure is of a touch. generally we are on the downside. most of

deutsche telekom has agreed to sell dark unit for $6.1 billion. one of the biggest transactions in the european telecom sector this year. softbank have announced a share swap plan that will increase the german company's holding in t-mobile u.s. the firm is adding an operation in assets under custody. it is selling 31% because of expected earnings from the acquisition. it is bringing its program to more black and female traders and salespeople to london. the firm is hoping to replicate the success it had on wall street. it is aimed at recruiting black or female candidates working in other industries. the bank has hired 70 people across its business. that is the latest business flash. taylor: thank you as always. we want to turn to what some of the sell side is seeing. morgan stanley analysts planning on health care stocks today -- leaning on health care stocks today. >> you saw the shares of amgen just now. that is one of a half-dozen stocks in which morgan stanley cut its rating. we are talking johnson & johnson, merck, are genex, and jen lab. it

softbank and deutsche telekom will become a strategic partner in the german group. agreeing not to sell before 2024 it will acquire 45 million shares in t-mobile with the intention of getting 20 million. it will sell the dutch unit to the private equity consortium in the deal of $5.1 billion the subsidiary was joined by lots of players in the deal. bottom line is that a major deal in the telecom space then there is the softbank angle. seeing them expand in the european players. >> thank you, joumanna i want to turn your attention to what is happening in doha. secretary of state antony blinken arrived in doha to seek the evacuation of americans in afghanistan. let's see what he has to say >> many thousands of u.s. citizens and at-risk afghans who we successfully evacuated have left aboard charter flights. now, others are working to arrange more such flights. we're working around the clock with ngos, members of congress and advocacy groups providing any and all information and doing all to clear road blocks they identified to make sure that charter flights carrying am

. >>> deutsche telekom and softbank announcing a $7 billion stock swop deutsche gets an increased stake in t-mobile. softbank international ceo sees many opportunities for the companies to work together >> everything that is going to happen, mobility, autonomous vehicles and others and growth of finteches i think where these two companies converge, there is more we can do this is why we consider to be a very strategic investment. >>> and aluminum prices are holding steady after hitting a ten year high. the metal jumped after guinea raised concerns about bauxite supplies now up to date back to you. >> >> rahel, thank you very much. >>> dom chu has a tech on some trading. >> almost a straight line down over the course of the last 10, 15 minutes or so look at the charts, bitcoin prices, we're off roughly 10% on the trading so far today about 46,000 and change, that's the level you're seeing now on bitcoin for coin metrics a lot of the price movement is happening in just about the last hour or so that in the broader context of what is happening with bitcoin so far year to date has seen at l

it will get 225 million shares of deutsche telekom. they will intend to purchase another 20 mt-mobile call options. they have made it clear it would like to own a majority stake in t-mobile of course, it lost and is getting back or trying to get back that is what they are doing by purchasing this stake. softbank, for the first time is taking a stake in deutsche telekom. that is all you need to know we'll talk more about it in a little bit we will talk to ceo marcelo claure he is joining us at 8:15 a.m we will talk to him about big tech and wework. >> do you think this was forced or encouraged by the big chinese tech shtocks which they had exposure had a terrible year >> we need to talk to him about alibaba and that business. they are big players in the didi, et cetera. >>> coming up, we get ready for the trading week ahead "squawk planner" is next we kickoff this fall after labor day. we are all back. dow looking to open up 18 points s&p up penn nationalceo jay snowden and brad smith and kevin brady and reed hoffman. >> announcer: this