david: however facing a lawsuit that halliburton facing a lawsuit over baker hughes.about whether that deal makes sense to you. concentration did not matter so much. it wasurprised when announced because you are talking about the second and third largest global players. this is something that did not come up immediately as how is it possibly going to get through? i was surprised when it was announced and there was a lot of discussion about what they could do to make this work. lisa: there have been 50 bankruptcies of north american oil and gas companies so far in the past year or so. where do you think we are in this bankruptcy cycle? >> if i knew where the price of oil was, i could tell you. yeare beginning of last when they look at everybody's debt levels, there was a lot of hope that oil prices would rise -- the banks were waiting and hoping that oil prices would get higher. a lot of companies have big cash flow problems. of companies were outspending their cash flow even at higher oil prices. you will end up seeing consolidation or some movement around who owns wh

from pfizer to halliburton. when the government gets involved in business, should you change the way you invest? >>> strange sight. why a labor union today was protesting in support of management. >>> retirement revamp. the new rules are out and they could save you money. all that and more tonight on "nightly business report" for wednesday april 6th. >>> good evening, everyone. welcome. i'm sue herera. tyler mathisen is off this evening. we begin at the intersection of wall street and washington and the government's role in big business. today, two things happened. two stories that we've been following closely. pfizer called off its $160 billion takeover of allergan after the treasury department issued new rules that tightened corporate tax loopholes. and as merger and acquisition activity picks up on wall street, the justice department filed suit to prevent two of the largest oil field services companies halliburton and baker hughes from combining. let's begin with the $34 billion pending takeover by halliburto

halliburton announced plans to about $35,000,000,000.2 years ago. however, there are now questions about whether the deal could get past u.s. regulators as well as antitrust officials who would reduce competition and raise prices for customers. halliburton says the combination would be good for customers and the industry. demand in the oilfield service industry has been hit by. though oil prices. train to the skier caught up in the global market action within being overnight. a split echinacea overnight. this morning. shanghai composite index down one 10th of 1%. japan's nikkei same name. the south korea kospi about half a percent. hong kong hang seng is up two tenths of a percent. lauren: in europe, stocks trading at the stereo. the dax in germany up fractionally. cac in paris a powerful 1% and the ftse half of 1% as well. trying to do is start market features before and after losing today's bit of paris. dow futures up 53, s&p futures that day. lauren: crude oil prices surging three and one 3%. $37.7 a barrel for crude. a lot of comment about what

halliburton proming to fight the department of justice and proceed with the $35 billion merger between the number two and number three oil service industry firms. her brother lynch says the merger pairs competition at risk into many markets and the merger would harm american consumers. she fired a warning shot at companies considering other megamergers seen in the days ahead we will continue to stand up for failed deals and free markets. >> free societies require free-market in markets where busisses can warm cartels and create monolies to manipulate prices with no oversight can hardly qualified as free. >> halliburton and you say it is procompetitive and wilill allow the customers to benefit from the more foot about innovative and efficient oilfield services company. >> department of justice's says e merger was one of those deals that are so antitrust risk in that they never right to make it out of the executive suite for corporate boardroom. lauren: adam shapiro, thank you. nicole: the white house would not support legislation to allow judges to require technology compananies like ap

that is what halliburton is trying to do. that is something that usually the doj and the regulators will resist. i do not think anybody is really surprised by the announcement. said that thisas deal was in crisis. yearit has been probably a or more that the obama administration has just got more aggressive. it anyt any old deal, deal where competitors are coming together and taken it down. scrutinying a lot of and often getting block. >> i do not think they will. usually, companies will say that and then in 48 hours, they will white their hands and walk away. if you're halliburton, you probably knew for weeks or more that the deal was going to get block, and we're going to have to write a check for the termination fee that they will have to give for baker hughes, that is not money they wanted to depart with. i think a lot of the investors are not surprised, their shares are up today. now that news is out and features are. i wouldn't be surprised to be so halliburton and baker hughes. allegan has the breakup fee, there will no

>> they say they were trying to include the merger between halliburton and baker hughes.ket is being concerned about and seen reports of antitrust officials being skeptical and concerned. david: let me have a look at the bloomberg. here showing the spread at 40% here. remind us of what the holdup -- this deal was announced in 2013. $42.6 billion deal. what are the concerns? what could the u.s. government be concerned about here? >> this is a deal that will tie up the number two and number three players in the oil services industry and there is a lot of concern whether it will take out competition and raise oil prices for companies who are trying to get craggets and service wells and drill wells and all the things that halliburton and bake you are hughes do. david: what do we know of what value delem act might have been trying to do here? halliburton aken and baker hughes have been trying to force the companies to spur the conclusion of the deal. but the question that's raised in their case that is quite interesting at what point does an investment going from a passive inv

assets and halliburton according to dow jones citing people familiar with the matter. the businesses may be worth $7 billion. the companies are trying to keep antitrust regulators from the deal. receiving interest from several , oil and natural gas assets, it is selling according to people familiar with the matter. the company includes energy and raging river exploration. the book -- the book has been focused on light oil property, produce 88% of-- liquids. provided into three main packages, and you can see husky up about 2.5%. shareholders voting in protest after the decision to award the ceo a 20% pay increase. company reported a record net loss and announced thousands of job cuts to more than 69% of shareholders voting by proxy and rejected the report.

halliburton is being sued by u.s.ho said a planned takeover of their rival prevents competition and should be blocked. the attorney general addressed the proposed merger earlier today. ag lynch: if completed, it would remove competition and 20 markets and hamper america's efforts to become energy independent, a setback that would harm not only our economic well-being but also our national security. put simply, it is a bad deal. the takeover has been bogged down in regulatory reviews around the world since in 2014.nounced bass global markets is planning to complete its initial public offering by the in the next week according to a person familiar with the matter, who says it may value of the u.s. exchange operator at $1.8 billion, more than twice expected. bill ackman says there are a handful of prospects to become valley and's next ceo. and that is bloomberg's business flash. that, bath,rlet: and beyond is likely to report quarterly same-store sales below its forecast when it reports earnings. bath, and beyond sales h

>> i think halliburton has been outperforming internationally.inancials, they have been doing better in the middle east. revenues and margins have been picking up on a relative basis. baker hughes has been falling back a little bit. hughes has the core business they are good at. andou look at north america extra 300 bits of margin. if the deal falls through, they could probably boost cash flows for north america. they are taking a share right now. is one of those things where we will have to wait until more information comes out. it is hazy now. alix: thank you for joining us, andrew. bloomberg news is reporting the justice department is said to be preparing a lawsuit to block that merger. scarlet: pfizer is reportedly scrambling to save its merger with allergan, at disco falling apart because the u.s. treasury is cracking down on corporate inversions, tax in versions that give entities a tax advantage. by theot confirmed company. looking to rescue -- rescue its plan in anyway possible. working on how they may be able to challenge these rules in

then there is baker hughes and halliburton. a person familiar with the department of justice's plants says the doj is prepared to file suit, to block the deal from happening. not reacting that much to this, as the analyst says earlier, this deal has been in the works for a long time. pessimism has been growing. halliburton shares also not seeing a lot of change today. along been bumping unchanged. investors are soon to be unhappy about it. mark crumpton has more from the news desk. president obama spoke out against tax in versions today. inversions occur when companies move abroad for lower tax rates. the usage has sparked a political outcry. the president spoke earlier at the white house briefing room. president obama: i am pleased the treasury department has taken new action to prevent more corporations from taking advantage of one of the most insidious tax loopholes out there and fleeing the country just to get out of paying their taxes. mark: the remarks come the day after the treasury department theunced rules limiting abi

but halliburton -- you know who is happy in all of this? the lawyers, they will make out like bandits, aren't they? good to see you, my friend, adam shapiro. melissa. melissa: here to weigh in on the obama administration push to regulate corporations,onathan hoenig from capitalists pig hedge fund. i think the left does a great job dressing it up like companies will get together, they will be monopolies, going to collude and raise prices. they don't, the public doesn't undetand, with the health care deal looking at allergan and pfizer, by making them pay more taxes or making th more inefficient you raise drug prices. so what they're doing is making it more expensive for people to get life saving drugs by dropping these deals. where did i go wrong there, jonathan? >> even more broadly, could make it more, melis, the government is using force. that is what this is here, force against t innocent business people. so this isn't government going against al qaeda or isis. it is going against productive companies. this is the type of preventative la

nicole: three stocks to watch, halliburton and baker hughes.the wall street journal reports the group is in serious talks to buy a package of oilfield services from the two companies that could be valued at $7 billion. the newspaper says the need to reach a deal took increased urgency when the justice department filed an antitrust lawsuit challenging their $35 billion proposed deal and valiant pharmaceutical is closer to selling off parts of the company. sources say the company has brought in investment banks to review its options amid interest from buyout firms and a number of its businesses. nicole: we will look at the issues that are most important to voters such as the economy, low oil prices are a help for consumers but that could change this weekend when opec oil leaders meet about a production freeze. we will find out what to expect with foxbusiness contribute or phil flynn who will tell us what is going on. stock market futures have accelerated over the last 40 minutes. they are down 14, the s&p down 3, nasdaq features down 6. you are w

what a ridiculous misjudgment of the anti-trust division halliburton committed. i would fire those lawyers who advised on this deal tomorrow. okay? and hire me. as i said, it would be dead on arrival the moment it was announced. i game them better advice for free than the million dollars of dollars of ill's advised council. oil had a nice run here. based on demand chiefly from china. that's made both these stocks attractive. with halliburton being the standout baker hughes left at the altar. i want to be clear. i like best of breed stocks. best of breed is my speciality. if you are going to buy an oil and gas related service company and when it comes to service companies, there is only one to think about. that's schlumberger which reported an incredibly good quarter last night. it's been buying back stock aggressively at the same time investing for the future. tuesday, tuesday is going to make your head spin. kicking off with 3m. hit a new high earlier this week in anticipation of the quarter. that however is precisely the problem. classic growth companies like 3

separately the company halliburton said it did lay off 6,000 workers in the past quarter. shares of the oil services company dropped nearly 2% to $40.04. >>> a big buy-back to tell you about at honeywell. the company intends to buy back up to $5 billion worth of shares on top of $1 billion previously announced. shares of honeywell off slightly at 113.25. >>> shares of the container store rallied initially in after-hours trading on a solid full-year earnings outlook, the small cap stock also reported a surprise increase in same-store sales. retailer now focusing on cost-cutting announcing a company-wide salary freeze and a 401(k) match freeze. the stock however did pop initially in after-hours trading. it closed the regular session at 5.83. >>> a number of strategists are citing the presidential election as a wild card for the stock market. in part because markets don't like uncertainty, and as you know, this election cycle has been anything but predictionable. over the weekend gop candidates ted cruz and rival john kasich decided to form an alliance to take on donald trump

shares of both baker hughes and halliburton rose as a result in today's trading. >>> a new report out today is echoing what we've heard before -- prescription drug prices are soaring. and there's no sign of the trend reversing. according to ims health, spending on pharmaceutical drugs is expected to climb 46% to $640 billion by 2020. now that number is the amount paid to distributors from hospitals or pharmacies. the study also finds that consumers are paying more out of pocket, an average of $44 per medication last year. and those costs can really add up when you figure one out of every five americans takes five prescriptions. >>> the report comes as outrage over costs grows in congress. they have been holding hearings lately and presidential candidates say that something should be done. but what? what can be done on this issue? lynn nichols, director of the center for health policy research and ethics at george mason university, joins us tonight. what's your answer on that? seems every week a new report highlights the continued right in prescription drug prices in this country. when

halliburton up 1 1/2%. baker hughes is coming way down off 4.8%.ou recall this deal was first announced back in november 2014. it is $35 billion combination. but the justice department says it breaks antitrust laws. not in favor of it. both companies offered to sell assets. but the justice department was not satisfied with those offers. waiting for lawsuit to be filed by u.s. regulators any moment now. liz, back to you. liz: lori, thank you so much. with many deals in complete and utter jeopardy, would you stay away from stocks involved? guess what the answer with my next guest is absolute no. the pfizer allergan deal, which may be abandoned is something that mark luschini actually likes, at least one part of it. chief investment strategist at janney montgomery scott. you told us this morning when we were planning this segment, you have 65 billion of assets under management. so i'm looking to you, mark. the stock is moving higher. what is behind your theory. >> list, couple things. the health care sector is one. poorest performing sectors year-to-d

the justice dedepartment says te baker hughes-halliburton deal, early this morning the department of justice filed the anti-department of justice lawsuit. they want to proceed with the $35 billion merger and intend to do ththat. u.s. attorney general loretta lynch says the merger puts competition at risk in too many markets and the merger would harm american consumers, lynch fired a warning shot at other companies that are considering megamergers saying in the days ahead we will continue to stand up for fair deals and free markets. >> free societies require free markets, and markets where businesses can form cartels and create monopolies and manipulate prices with no oversight can hardly qualify ass free. >> reporter: liz, back to you. liz: thank you very much. i would like to mention, at&t and directv is gointhrough. time warner cable and charter communications, maybe it's the sectors themselves that have an easier time. closing bell 37 minutes away, the dow jones industrials up 89 points. up next, ted cruz and bernie sanders pick up crucial wins in thebadger state, but afterwards,

>> you know, i'm really glad you brought up this halliburton/baker hughes deal. the justice department said you have the number one oil services company in america merging with their rival. what they don't say is the number one company beyond america in the world is schlumberger. this is about survival. crude oil was over $100 a barrel, now it's under $40 and it's languishing. i can tell withdryou the bottom in america, their stock are down average of 76% in the last year and a half. these two companies should be allowed to merge. by the way, halliburton doing 54% outside of this country, baker hughes 59% outside of this country. the administration has always hated halliburton. they've always hated dick cheney. they've always hated fossil fuels. this is a smoke screen but it's a dangerous smoke screen that's going to cost a lot of american jobs. >> you know what's interesting in the argument for this, we go back and forth whether you like inversion deals, whether you like or hate fossil fuel companies. it's one thing to talk about as the president did, we want a

. >> concerning halliburton and value act. here is the deal.seen by the doj for failing to notify the government of $2.5 billion in share purchases in halliburton as well as baker hughes. the two oil services are planning to merge. value at what those stakes with the intent on influencing the company's business decisions after the two wound up reaching a deal in 2014. that meant that value act was required to report that state to antitrust officials, and that is what by you at is being sued over by the doj. this merger would be halliburton buying baker hughes and would unite the number two and three oil services. they are still investigating whether that take over will go through. in the meantime, value add being sued by the doj. >> you can see that halliburton shares were down and remain low with baker hughes. still ahead on "bloomberg markets," metals have fallen 1.5%. we willhow you what is behind that weakness. ♪ ♪ is "bloomberg markets." i'm scarlet fu. >> and i'm alix steel. let's head to the markets desk julie hyman. julie: taking a look

halliburton's trading higher.hat company coming out with preliminary numbers late on friday. -- company is booking reportyed its earnings to may 3 from april 26 because the deadline is by the end of the month. analysts are saying that that deal is not going to go through. getting to oil prices themselves, we had an unusual trade this morning. oil prices declining after saudi arabia said it was going to complete the expansion of a saudi oil field in may, which would keep its production steady. since then, we have seen an abrupt turnaround about an hour or so ago trading little change, but not helping energy stock group. betty: i wondered if some of the effect might be from currencies? julie: it might be. weakening or abrupt as we saw the oil move. as yen has been in focus investors try to weigh on what the bank of japan will do. will be see an expansion of negative yield? you can see the trade in the dollar/yen has been lower. got some central bank meetings this weekend, including in japan and in the united states.

number two, carrying probably 500 to 600 basis points of margins due to the halliburton deal because halliburton has to approve the facility closures, plant layouts, things like that, layoffs of personnel. they're caring excess, carrying 300 basis points in q 4 of this year, last year. made 500 to 600 basis points of incremental costs they're carrying now. >> they have until april 30th. either party can walk away since there was no regulatory approval. let's say they go forward with this suit together with the government to try to get this deal through. is their case stronger because there might be a need for consolidation within the industry. i would imagine pricing is not very high in this sort of environment. >> that's an understatement. pricing is abysmal now. i don't think that the best path forward is to sue -- is to fight the suit. they still have to go through eu approval and approvals by other regulatory bodies as well which have not come to fruition at this point yet. they can find out they run into hiccups with the european commission. they have that issue. and you just co

secretary clinton supported fracking throughout the world to reward companies like chevron and halliburton and conocophillips. that is unacceptable. >> sanders took aim at republican frontrunner. cnn's jason carroll was there. >> reporter: bernie sanders wrapping up his speech in buffalo drawing a crowd of thousands. he is still meeting some of his fans who came out tonight. as the race heats up with hillary clinton and bernie sanders, they are sharpening attacks on experience and judgment. sanders saying despite the polls, he has the momentum. during the rally in buffalo, he drew distentiinctions on himseld clinton. income inequality and trade and campaign finance reform. he saved some of his strongest criticism for donald trump. >> many americans are worried about the possibility of donald trump becoming president of the united states. it ain't going to happen. we will not allow a donald trump to divide us up by insulting mexicans and latinos. by insulting muslims. by insulting women. >> reporter: sanders also criticizing trump for heading up the birther moment against president obama. s

halliburton is being sued by the u.s. antitrust department who claimed their planned takeover of baker hughes should be blocked because it takes over competition. the companies are going to fight the charges. what is the justice department worried about? theyis was a deal where were trying to take the oilfield services, the number of people competing, from three large players to 2. that is what halliburton was trying to do. that was so they could probably charge more and have one less competitor. that is some ring that usually the doj and regulators will resist. no one was surprised by the announcement today. >> we are moments away from looking at the minutes from the arch meeting with the fed. we will hear from these minutes ellene how dovish the y said is. -- fed is. >> you can see the meeting centered around the question if they rate increase would be advisable at the april meeting. they held off in march because the minutes show that many participants expressed the view that the global economic and financial situation

halliburton and baker hughes. justice department we are told is preparing a lawsuit to break up their proposed merger. >> it first came up november 2014. the government upset the merger of these two in the field would lead to higher prices and lower innovation. trend to higher prices? ashley: gas. competition leads to higher prices. stuart: energy companies are struggling. liz: they know better. ashley: 45% since the first deal was put out there. all the things, staples and home depot, comcast, time warner looking at that. a few distributions in cisco from buying u.s. goods. a long list over the last 18 months of the justice department jumped in and said no. stuart: pfizer wanted to take over allard in and then notifies her offshore to lower taxes. in comes president obama says no, you're not going to be there. it's unpatriotic to do that. books like the government is always getting in the way of private enterprise. >> it's got to be a two-part deal. how about doing some in with the corporate tax code the first of

. >> halliburton has been sued by apartment whorust claims its acquisition should be blocked becausef threats competition. both companies vowing to vigorously fight the charges. what is the justice department worried about? >> this is a deal that they are try to take the number of people competing in it from three very large players to two and that is what halliburton was trying to do. overtime probably charge more and have one less competitive to pete against. that is something that doj and regulators will resist. i do not think anyone was really surprised by the announcement today. just moments away from a look at the minutes of the federal reserve's march meeting where the fed lowered its expectations for rate hikes. in these minutes, we look at how dovish the yellen said is. ofyou can see the outlines what was probably a lively and contentious meeting that centered around the question of whether our rate increased -- a rate increase would be advisable at the april meeting. off because many participants expressed the view that the global economic and financial situation still post

insaw a more muted reaction those halliburton shares.ng news on valeant, after a conference in chicago, bill miller making some comments saying he bought the shares they could double because valeant -- assets could get at least 80% of their value of what they plate -- paid for them. valeant is not higher, as you can see. there it'sit declined considerably. valeant has been a controversial stock. it is interesting he would be getting in here. carol: thank you so much. let's dig into what is going on with the markets. run forom for run -- to stocks, dave wilson, our bloomberg news stocks columnist is with us on set. let's talk about the s&p 500 and we are early in the season but what have we seen? you consider companies that came out during the preseason, like not -- like nike. they add up the numbers for companies we have seen this week. 23 of those beating the average estimate for the bloomberg survey. whator less in line with we have seen in the past three quarters. only 13 coming out ahead on revenue and that is a bit lower, 40%, then

halliburton is being sued by u.s. antitrust officials.say the plan takeover of rival oil services baker hughes threatens competition and should be blocked. this is a blow to the to compete bid against a rival or the deal is being bogged down in regulatory reviews around the globe since back in 2014. it triess at glencore, to pay down billions in debt. glencore has agreed to sell a minority stake in its agriculture unit. the price, $2.5 billion. glencore has 46 billion at the end of last year. the chair of lube or, the parents of bloomberg news. the independent nonexecutive director at glencore. .hat is the latest stay with us. a lot more to come. ♪ betty: live from new york and london, i'm betty lui with mark barton -- i'm in new york, that's london. breaking news. moments away. oil numbers for the energy information administration. every week, we get their crude oil inventories. their forecast to arrive by about 2.9 million barrels. that's higher then build-up we saw in the prior week at 2.3 million barrels. and i know julie hyman is wai

the justice department filed a lawsuit to prevent halliburton from acquiring their rival. halliburton wants to buy its rival for $35 billion, but the justice department warned it would lead too little competition leading to higher prices and less competition. the company plans to fight the lawsuit. >>> meantime two huge pharmaceutical companies have walked away from their merger citing new rules from the u.s. government. pfizer and the irish company,allergan had a deal to merge for $160 billion, pfizer would have cut its tax bill each year, but new u.s. treasury rules aiming at stopping deals that stop tax loopholes for conferences forced pfizer to back out of the deal. pfizer will pay allergan $150 parking lot for walk ago way from the deal. >>> the dow reached triple diblgities. 112 points up and the nasdaq up 77 points and the s&p 500 up nearly 22 points. >>> well, flyers playoff tickets went on sale as players continue their push for the post season. they are currently tied for the eighth and final playoff spot in the eastern conference and fans can buy tickets on thei

the justice department's decision to file suit to block the baker hughes halliburton merger released these two dead weights, sent those stocks higher so they can acquire down and outers in their sector in order to start growing again. eureka. the justice department is giving us almost as much new life to the oil stocks as treasury did the drug stocks? who ever said the obama administration is bad for the stock market? of course, i can hear the naysayers chattering it's all about speculation, cramer. froth, you're condoning froth, you're a snake oil salesman. no, i'm simply observing two beaten-down groups come back to life because the government put a spur under them as surely as if they were matadors waving red flags and snorting tormented bulls. i don't want to be too premature about a froth judgment. they've been bottom feeders for ages so feel free to here? at what's working and call this rally into question. go ahead. but let me give you my bottom line. i say the bulls owe a note of thanks to treasury and justice for getting the animal spirits going again helping to create wealt

on the plan move to hook up and going after a all these tax inversions to blocking halliburton's deal. see a pattern here and the wave of regulations on the way now on top of the thousands of regular laces here now? i would think that alone has you giving up the liberal banner. >> no, i actually see this as democracy in action, neil. if there's one thing i admire about donald trump's campaign is that he's appealing to voters. president obama won two elections. promising to do some of these things. >> redoing my executive edict. all existing corporate law. >> in some cases, writing regular laces for legislation that's been passed and requires regulation. >> i don't remember obama talking about corporate inversions on the campaign trail that much. >> i would say this. there's a downside to this. especially some of these companies that want to domicile in ireland or where ever. they're looking to save money by lowering their taxes. they're going to lay off people. >> so, what happens then? >> the corporations of america are owned by american, employed by americans. the idea they're attac

whether or not halliburton does may be up to the court.ase they abandon their deal to get together. it was a $160 billion acquisition of ailer began when it was announced last november and it would allow pfizer to become a foreign taxpayer or a foreign-based company, dublin based company and therefore giving it access to $35 billion in roughly overseas cash. deal not going to happen. both sides reacting to a treasury move on monday that was, to say the least, unexpected when treasury introduced a three-year lookback position that does seem to have been designed specifically to target this deal and would have had the effect of making it a far smaller company and therefore not allowed pfizer to become a foreign company, hence eliminating the tax advantages of the deal and the deal itself is now gone. this morning we had an opportunity to sit down and talk to allergan's ceo brent saunders about life as an pendant company and i did ask him whether in fact the regulations included specific regulation on something called earnings stripping, whet

to stop the halliburton baker hughes -- general electric is a company that is quote destroying the moralric of america. prompting gec jeff denham out to hit back hard in op-ed this week charles i know you still have the op-ed and you know the company well in the situations well. his the obama administration to go out with a bang by gephardt on corporate america between the two terms? >> there's no doubt about that and bernie is picking up the baton more than hillary is. i will give bernie sanders credit because he makes it pretty good target is least with respect to crony capitalism. let's not forget how much money ge has gotten through ex-im bank and the $139 billion back in the bailout and commercial paper ballots and also in 199540% of revenue came from outside of the come -- country. last year 55% of the revenue plus 62% of workers so you can see where the average american is saying over the last 20 years the worth of your business outside the country is up 30% that your workers are up almost 100%. maria: charles i couldn't disagree more 3-d look at the ge and the strong -- the point

>> i think halliburton gets hammered if this deal doesn't close because that is a huge amount and the stock is run up. i do think that i'm going to just end the whole debate by telling you to go buy schlumberger, i think it's going to be a terrific job when they report. really like it, better than all these, doesn't have the rigmarole that's going on between those two. let's go to dapesh in texas. >> caller: yes, dr. cramer, thanks for taking my call. i was wondering when are you publishing your next boo k? >> oh, geez, i don't know. that last one took so much of my time and my wife was furious about it. i have to do it measured. what's up? >> caller: actually, my question is on valeant pharmaceuticals, i bought some calls when it was trading at $67 expiring january 2017, now it's trading at $32. do you think i should buy more calls and treat a spread and average them out? >> i don't know, kelly evans had bill miller on -- bill griffeth and kelly had bill miller on and he really likes valeant. that is a guy who is a terrific guy who has said buy valeant, my take is that it's just a bl

department will file a lawsuit this week to stop the proposed merger between oil service providers halliburton and baker hughes. they say it will violate anti-trust laws. >>> a surprise departure at disney. the company's chief operator officer says he's leaving the company. the move has disney share how old -- shareholders concerned. julia has more on the big question mark now hanging over one of the most well known and widely held companies. >> he's stepping down from his position in may shocking hollywood insiders and disney investo investors. >> i thought he was doing a fantastic job as he's done many aspects of management, a smooth transition. highly qualified, very popular, very smart, great candidate. >> when he was appointed coo last february, he seemed perfectly position to take over when his contract expired in june 2018. he was cfo for a dozen years and well liked by wall street and investors and ran the parks and resorts division for five years and laying the ground work for the launch of disney shanghai in june. what happened? a source close says disney's board wasn't assure to him

government wants to block halliburton from joining with rival baker hughes. the department of justice is suing, saying the planned merger would undermine competition and raise prices. the proposed 34 billion deal with combined the world's number two and three o oil services company. proposed $34 billion deal would combine the world's number two and number three oil services company. this deal is 4 billion euros. the french government calls it news -- "very,od very good news." charles pellegrino has more. charles: only a few weeks ago, the shipyards here saw the harmony of the seas, the world's largest cruise liner, leave on its maiden voyage. now they are getting ready for one of the largest -- msc has ordered four giant ocean liners for a total of 4 billion euros and signed the deal under the eyes of the french president , as the state is a 33% stakeholder in the shipyard. >> we have made such progress since 2012. in justour years -- four years today the issue is not whether the order books. our full enough, but how you will meet the demands being made. the

the department of justice looking to block a major oil merger between baker hughes and halliburton. you probably already know the $160 pfizer/allergen deal is dead after the treasury revealed new riles two days ago. can big deals still get down? our man david faber will join us on that in just a moment here. >> after the bell, the ceo of merck will tell us why he's been avoiding tax inversions, that's an inclusive interview and proven to be a good strategy. >> it looked like he was being left out of the party, but he's looking good right now. >>> shares of constellation brands popping against fueled by the success of the mexican beer brands. the ceo will join us exclusively to talk about whether donald trump's negative rhetoric towards mexico could be a risk factor for his business. >> i would think with the number one and two imported beers from mexico, it probably is, but we'll hearty it straight from him in a bit. new rules for financial advisers that could give a boost to advisers like betterment, and the ceo will join us. >>> the justice department is suing to block the acquisi

state department worked to export fracking throughout the world to reward companies like chevron, halliburtonexxon mobil and conocophillips. that's unacceptable. >> and sanders hammered away upstate and she called into question her opponent's issue on fluencies and the record on guns. >> i have noticed under the bright spotlight of the scrutiny here in new york, he's had trouble answering questions about his core issue, namely, dealing with the banks. he's had trouble answering foreign policy questions. and so i look forward to a debate that's in new york with people asking the kind of questions that new yorkers ask. when challenged on his gun stances, he frequently says, well, you know, i represent vermont. it's a small, rural state. we have no gun laws. here's what i want you to know. most of the guns that are used in crimes and violence and killings in new york come from out of state. and this state that has the highest per capita number of those guns that end up committing crimes in new york come from vermont. >> in statement the sanders vote quoted to push back on the argument. the campa