duncan fox joining us from london. coming up in the next way , the bloomberg politics team hits the road to find out what voters think about the 2016 presidential hopefuls. their take on hillary clinton. hereof year for the russian a doubleit with women. theill speak to the cfo of moscow stock exchange. -- with a double whammy. crew distal trading near $50 a barrel. crude is still trading near $50 a barrel. ♪ david: welcome back to the bloomberg market day. i am david gura. first story. united auto workers union threatening to go on strike against fiat chrysler tonight. a proposede rejected contract. they want an end to the two-tier pay system. no growth at monsanto. they will eliminate 2600 jobs come about 12% of its workforce as part of a cost-cutting plan. the company said profits will be week through 2016 amid the commodity slump. compete with to facebook, making articles on smart phones load faster. they promised their mobile pages project will load mobile webpages almost instantly. you can always get more busines

thank you, duncan fox.eports from a dutch safety board on last years malaysia flight 17 is due out tomorrow. ramy inocencio looks at the airlines tortuous year -- airline cost to mulch it was year. ♪ david: welcome back to the bloomberg market day. get the final word into the cause of the crash of malaysia airlines like 17. the flight went down in ukraine last year in july 4 months after mh 370 disappeared somewhere over the indian ocean. the malaysian kerry -- carrier has now contracted, gone o reveal and has t itself. ramy inocencio has more. ramy: it's been 15 months almost to the day where the public saw images of the billowing smoke in ukraine. you can see the wreckage from malaysia airlines flight 17. of course, the financial impact was quick as well. malaysian airlines stock price plunged 13%. managed to climb back 33% through the end of december, and then it stopped. that is because the company delisted from the malaysian stock exchange. it is now owned by the malaysian sovereign wealth fund. totruc

pimm: thank you so much, that was duncan fox.the bloomberg market day, as president obama gets ready to sell the big pacific trade deal, what does this mean for the business? we will go to washington, d.c. to discuss what is at stake, next. ♪ this is the bloomberg market day, i am pimm fox. in just a few moments, president obama will begin the public push for the foreign legacy. a historic 12 country trade deal was sealed yesterday, but the work is far from concluded. phil mattingly joins us now from washington with more details about the roadblocks that this deal faces. give us the lowdown. how likely is it to pass? there are members who still get a say in this before it is officially sealed. there are three major hurdles. the negotiators have finalized the top points of this deal. first is public reception. this was an unpopular issue in the united states, not just with democrats but also with republicans. in july, only 36% thought this was a good idea for the country. will see public comments from the department of and you wil

discuss this beer saga is duncan fox. $100 billion is not enough?enough for the big shareholder. what gives the board the gusto to say no? feel thatthink they the influence they have in africa and latin america offer excellent growth potential. they have had a couple of tough years because of currency but the underlying business is strong. excellent demographics. they feel it is undervalued at the moment. betty: what price is likely to get done? duncan: that is a good question. feel 45.s suggest they another two pounds 85. i have no idea whether that would actually get an agreement on the board. they have indicated they want both parties to talk in may well even except 42.15. i think the whole process today's not getting the talks to happen. betty: out three of being the biggest shareholder, one quarter of fab miller. -- is there possibly any other suitor out there that could force ab's hand at all? duncan: i don't think there is another suitor that could get of $4nefits or get one billiontogether -- $104 together. there is a timeline of october 14

jenna: a fox news alert, and some news from the white house we wanted to pass along. the u.s. secretary of education arne duncanset to step down in december. the white house just confirming this information to fox. and we're told that john b. king jr. will replace him. arne duncan used to be the ceo of chicago's public school district. he came to the white house, essentially, with president obama and has been one of the longest, if not the longest, cabinet members of the original team that came with the administration. so he said in a statement to his team that he's been commuting between chicago and washington, d.c. with his family, and it's time to maybe stop that commute. but was proud of the work that they've done. we hope to talk to him before he goes, but secretary duncan stepping could down from the administration. jon: some new information now on a story we've been following. a man accused of murdering two college students could get life in prison for a rape case later today. a judge is set to sentence jesse matthew for a sexual assault from 2005. his family has asked for leniency. an ex-girlfriend even