to acquire gfi group for $778 million with an all-cash deal. bcg partners chairman and ceo howard lutnick in a fox business exclusive. how do you change people's minds? this started as a hostile takeover and all the shareholders said we want howard to take over the company. >> the beginning management was trying to takeover the company with the cme, keep everybody else away, all for them. but we thought we had a higher bid, all cash, and we have the business to integrate it with. we had the right tools. all the money, and you know, the other side kept saying nasty things, in the end we said from the beginning, we were real, going to buy the company, great for our shareholders and we stuck to our guns and turned out what was hostile and snarky to a love test of everybody's best friend. liz: is the owner who really wanted to buy it, is he going to stay on? >> he's going to stay. we haven't really spent much time together, he's on the other side, trying to do his own thing, and since the cme deal was defeated by the shareholders, we got down busin

gfi aro's money at 10 and 3%. that would save $50 million he year.heir own network that is smaller than ours. we can put them on our network and save $20 million year. consolidation means you can make more money with the same asset. >> gfi had a $31 million operating profit. last year a 20 million -- 21 million dollar operating loss. that would've been a positive number last year? >> we think we can improve the bottom line by at least $50 million. we have all the pieces to the puzzle and they have the pieces but they are smaller. they just don't have as much revenue going into it. you can pick up all of that expense. we are not talking about people. they fit nicely. they have a great energy business. a are like a puzzle piece. >> why not hire there good guys and leave the rest for dead? >> we love to hire best people. the best way is to buy the company. >> you're going to fire people? >> producers is value for us. >> 2037 people they employ, how many are producers? >> 1300, maybe 1400. it's not that. they are in offices all over the world. it's going

he has just done it with a company called gfi.nvince all the shareholders that this was the best deal out there. cheryl: a lot of breaking news coming through. they give very much. are you stuck in the cold? these critters are finding a way to keep toasty. oscar preparations along the way. the most money being the most awards? you can never have too much money. ♪ help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operations. when emerson takes up the challenge it's never been done before simply becomes consider it solved. emerson. melissa: oscars are this weekend. american sniper by far the biggest moneymaker. popular with fans. popular with the academy. the mac they did everything right. they said this is a war movie. so busy getting excited about it. the trailer was awesome. you watch razaleigh cooper. you see the little boy and then it in. does bradley cooper shoot the little boy? it is brilliant. cheryl: so much controversy about if. >> obviously, american sniper h

. >> my manager told me we had some gfi t heating. i smelled smoke later, around 10:00. went downstairs to check and see if it was on fire like our furnac the doors. that's when virgil jeffries and his co-workers ran. this video shows what they saw when t scary. never been in a fire. >> it came around 10:15, the call. it w out by 11:00. not before the smoke made it upstairs. e employees were forced to evacua nearby businesses and the disruption became the main event. wh spent firefighters and yellow polic tape snarled traffic, people std and wanted to know. what happened? >> i mean got to suck for business he owns a spa on the second what's the damage? >> we haven't seen it yet. >> the walls and floor were torn badly in the fire. he's been here s emotional fou emotional. everyby is safe. that's the most important. everyt els is secondary. >> rep the good news is that nobody was injured. reportg in northwest d.c. zachkiesch news 4. >>> tracking a home burglar in the fox mill area of fairfax county. trac him all the way to west virgin. thief entered the unsecured baseme wi

we are a really really rich strong company capable of buyingg fbuying gfi for cash.good transition for everybody. i think the management will come around to it. i think the shareholders are coming around. so i would expect that we should cross the 45% and move onto the next level. company is hitting on all cylinders. real estate business loves the low interest rates. with the company raising its dividend, i think we're in great shape. our yield was 5.5% today. next quarter off it goes higher. >> why is your cfo stepping down? we learned graham sadler who has been with the company for a yew ears is going to be leaving. does this have anything to do with the takeover battle you have been dealing with? >> i think it has to do with his 59th birthday. >> he's retiring. >> he was the cfo of bear stearns europe. he's a great guy, and, you know, he's 59 years of age, and he said, look i'll stay as long as you'd like. i'd like to find my replacement. he's involved in the search. this is a lovely retirement with a retirement party. anything to the contrary is just silly. >> he

not only did he beat out the cme getting a company called gfi under his wing but he called the dollarength more than a year ago. it has jumped exponentially. my loser is actress julia louis-dreyfuss. i enjoy here on the show "veep." she turned down doing oscars. shouldn't have turned it down, julia. paul, gary b. david: she would have been good on the oscars, agree. >> i love her. david: getting down to the wire at west coast ports. friday deadline set by labor secretary. it is closing in. even if it is resolved is economic damage still being done? we still will talk to businesses with containers on ships they can't get off. >> the oh. how about a cup of coffee these days, a group of scientist, i'm loving these guys, are considering making coffee a dietary recommendation for americans? why? we'll tell you next. ♪ you can't predict the market. but at t. rowe price, we've helped guide our clients through good times and bad. our experienced investment professionals are one reason over 85% of our mutual funds beat their 10-year lipper averages. so in a variety of markets, we can help you

bcg partners has won its fight to acquire gfi group's. the price tag is about $780 million. let nick won a bidding war. and brokers handle large trades among large banks. he is also the ceo of campell that stale. a women's clothing store and taylor is looking to sell. and taylor is working with jpmorgan and has reached substantial potential buyers and also owns the loft. for months now, hackers have had access to the unclassified portions of the state department's e-mail system. officials familiar with the matter say that government and private security specialists are trying to get rid of the hackers. one official says that it may have originated in russia. >> let me take you back to the story back in greece. our international correspondent is in brussels. hans, you have the greek prime minister saying he's optimistic. others are saying that germany is ready to watch its hands of the whole thing and send greece packing. what is really happening right now? is it even possible to know? >> no. because the meeting is just starting. the finance ministers are going in. what we ha

cnbc contributor dan grownhouse and john from gfi group and if this group can't get to the bottom of this market, nobody can. also with us for more on today's action "fast money" trader guy adami. >> hi, kel. >> thank you very much for being here. i want to start with the panel right here. was it greece this "ft" story that got the market up at the close, was it oil, something else entirely? what does it mean? what do we make of it? >> i think it was a combination of all three. i think the bears kind of tried to push us lower the last part of last week and today -- this morning they got us down to probably 1980 in the futures, tried a little bit sub 1980. there was a lot of buyers down there. again, we rallied strong. oil helped a lot obviously up $1.50. the rig count on friday people said that oil is going to go down today. that was down actually overnight in europe and asia but we rallied strong in oil as well. i think the combination of that tsipras is making his european road show. he met with cameron and said there's common sound. something we haven't seen in the democrat and re

. >> you will love this john at gfi group calls it corporate qe.panies are able to benefit the same way the fed did. >> you have the fed and you've got the financial engineering and they go together like peanut butter and jelly into one yummy sandwich. and unfortunately, it keeps enabling. i was looking at some companies like home depot today announcing another buyback and their float. if you look at the shares they have outstanding year-over-year, it is like this. it's unbelievable. so i think that this entire fed intervention has just been a catalyst to increase more buybacks, increase returns of cash to shareholders to increase m&a activity. it doesn't mean the underlying fundamentals of these companies are any better, but until this goes away it's going to keep pushing higher. >> we're about to get results in hewlett-packard for one. that will be an interesting window into what's going on. you have to admit, because you raise the home depot, they've been performing extremely well. talk about peanut butter and jelly, it's like they have the fund