that is kraft heinz does.nd then it will be up to shareholders based on the timelines specifically set out under again the uk takeover code as to whether they want to stake it or not. you will get a recommendation from the board, but you will also get shareholders in the ability to make up their own mind. there are some though, sara, who believe that kraft heinz is real ambition here perhaps is much more focused on the food part of the business. is there a way you could figure out a way to separate that out, would that perhaps take you down that road towards a separation and you still get an enormous business that you can add to your strategy that you've been following. >> right. >> which as we know involves cutting costs, involves active m&a almost every year. remember first it was kraft, then it was heinz. now of course they're going after even bigger product. >> and you're talking about 3g potentially financed by warren buffett here because this would be a massive deal. do we know anything about that piece?

heinz, kraft heinz area on the part of kraft heinz, kraft heinz are a giant american company.ft heinz are controlled by a private equity group called 3 g and warren buffet. they are there to make money. they have a history of cost cutting, unilever have a very different culture, they have corporate socially responsible company, they value the environment, the chief executive has a particular bee in the bonnet about the amazon, so bee in the bonnet about the amazon, so put those two together and they may not have been the fit. basically, neither companies would have fitted culturally, it would have fitted culturally, it would have been too expensive for kraft to proceed but it's a surprise. unilever, how much is it worth, if that was undervaluing it? well, they we re that was undervaluing it? well, they were worth £100 billion on friday morning and by the afternoon they we re morning and by the afternoon they were worth 115 billion. the company shares rose by 15%, yesterday, mark those shares tomorrow, i suspect there will be a lot of selling tomorrow morning, because the compa

i think that's a factor in kraft heinz's decision.hey realize it's difficult to take a corporate takeover when people in the uk have experienced this before with kraft, when they took over cadbury, made a political promise that they would keep the factory in bristol open. that shut soon after. i think they realized there would be a lot of political wrangling. a lot of focus on this cross border pound has fallen type transactions and decided there's not enough cost savings to make if there's going to be a long drawn out acrimonious takeover to proceed it. again, they can easily come back in a few months time. at the moment that's the thinking behind this. >> the question is whether kraft heinz will pursue other opportunities to grow inorganically. that's part of 3g's style of investing. but the british government was quick to respond to this deal highlighting not only cadbury but the acquisition of nestle in 2010 and the cost cutting that followed. >> unilever price, the reason it's up today is it was open in london trade yesterday. it

beer, burger king, tim horton, kraft, heinz. it's all food and beverage. >> you know, jeff, it's the political climate for job cuts and things like that is not favorable for 3g. now granted it is a brazilian private equity firm, but what about the way they might have to do this because their m.o. is to kind of come in, close plants, slash jobs, cut costs? >> that's exactly right. and i'm sure that that's the playbook they would be following this time. it's going to be a real problem. because they've done it in the united states, and mostly without trouble. the environment in europe is very different. worker protections are far greater. unions are far stronger. they could have a problem trying to run their playbook in europe. >> so kraft heinz is 3g on the one hand, it is also warren buffett on the other. right? >> oh, yes. in fact, he owns more of kraft heinz than 3g does. >> how active a driver do you think he would be in this kind of acquisition? and as you point out, they have to do this because they're not growing otherwise.

kraft heinz is the result of a recent combination with kraft and heinz merging back in 2015. backed by brazil's 3g and warren buffett's berkshire hathaway. as you can see, kraft heinz shares up by 5.4%. unilever shares up by 11% in one case, 12% in another. this is the biggest one-day jump since 1987 for those shares. if you look at shares of mondolez, that had been mentioned as another potential target for kraft heinz for the next deal they'd be doing. those shares are down. i think buffett is kind of demured from some of those suggestions that others have brought up in the past. senator mitchell, you were on the board at unilever a while back. >> yes, an advisory board. >> explain a little bit about what you think, just having been on the inner workings of this. >> i don't know anything about this offer. i do know yuunilever is a terric company. they compete vigorously here, of course. they're very strong in international markets and particularly where there's tremendous population growth. we have to keep in mind the population is rising steadily. the rate of increase has d

the unilever is falling apart with kraft.te that falling apart, the stock is indicated down 10%, 7277 in london. the dax come up 0.8%. the french market is down by over 1%. so, these markets have a lot to contend with and political risk is rising. the french election has been blown wide open. this is how the european stock market is opening. we are just waiting for the for few to go through. we are a little higher in london at the moment, as a huge number of banks dividends went through -- of ex-dividends went through on thursday's trade. is the u.k. cheap? k. you want to buy a u. european country and still have a foothold in the united kingdom ? that is the debate here in the european complex. we are flushing a little higher in london as you go through the opening trade and. -- european rotation. we saw upgrade go through on rbs with a prime target being raised , in terms i think it is a barclays. they have raise the rbs price target. they see a price target of 250 pence. we get those numbers a little later in the week. so w

kraft heinz has said it has amicably agreed to scrap the plan.re, here is our business reporter. i calculate that within 55 hours of the bid being submitted it has been withdrawn entirely and this will have brought together some major global brands that you and i know in our households such as philadelphia and kraft heinz beings. it would have brought together coleman ‘s mustard and magnum ice cream. it would have made unilever a huge player but it is no more. and what has happened is basically it has become very clear that it was never going to work, and that it was never going to work, and that kraft heinz would have to launch a hostile takeover bid for unilever, which would have cost it an awful lot more money than it was prepared to pay, and it would not have made the deal worthwhile. also it wouldn't have been a friendly and amicable divorce which we read about today, because there are thousands of people working for unilever at the moment who are breathing a sigh of relief because kraft heinz is controlled by a brazilian outfits called sg,

kraft heinz are a giant american company.uldn't fit, kraft—heinz are controlled by a private equity group from brazil called 3g and warren buffett and they are there to make money and they have a history of cost cutting, jobs and factories. unilever on the other hand have a very different culture, they are very corporately socially responsible company, they value the environment, the chief executive has a particular bee in the bonnet about the amazon. but those two together and they may not have been a fit. basically neither the companies would have fitted culturally, it would have been too expensive for kraft to proceed. but it is a surprise. unilever, how much is it worth if that was undervalueing it? they were worth £100 billion on friday morning and by friday afternoon they were worth 115 billion. because the company shares rose by 15%. those shares tomorrow i suspect, there will be a lot of selling simpler because the company will go back to where it was on friday morning. still the third—largest company listed on the st

-- taking aoking at deeper look at kraft heinz and unilever, this is the big part of the day, kraft heinzecord high, we may not have the majors doing it but kraft heinz is at a record high, unilever on pace for its best day since 2000 on the news that kraft heinz approached unilever to take out the company, unilever rejected an 18% premium bid, saying it undervalued it shares. what stands out is the fact that on wednesday night and kraft heinz their quarterly call, they rejected and m&a approach, say they would go after organic growth which in the shares down yesterday but clearly today m&a is back on the table and we reached out to our intelligence analyst who said this was basically a smokescreen around the idea that there would not be m&a and that a kraft heinz backed by warren buffett suggests that they are going after wanting to be a consumer staple powerhouse in the image of nestlÉ. kraft heinz over its short life, up 30% after heinz acquired kraft backed by warren buffett and 3g capital and can shake said the potential that kraft heinz goes after unilever could be similar, the idea

story -- kraft heinz confirming it approached unilever on a merger. , but krafts declined heinz says they made a comprehensive proposal to unilever. the stock reaction clear to be seen. stock up by nine, potentially 10%. also coming up, it is that theater in d.c. donald trump's message to all of us in financial markets is apparently, "you're welcome." >> the stock market has hit record numbers, as you know. there has been a tremendous surge of optimism in the business world, which means something much different than it used to -- jon: investors continue to follow the money and block out the d.c. noise. happy friday. this is bloomberg. ♪ david: this is bloomberg. a 77dent trump gave us minute impromptu news conference yesterday and to call it far ranging is an understatement. he covered which morning shows he likes to watch to a possible war with russia. you explain what the president's goal was? >> he was trying to turn the page by taking the media had on. there was one moment during the press conference where he specifically mentioned his chief of staff, the former head of the repub

grains, but kraft was up 11% to a record on word, which came out earlier than kraft heinz was hopingy, up some 13% on again closing at a record. observers are scratching their heads on this one, particularly since kraft heinz had said in its conference: wednesday that it was downplaying the need for an acquisition, while it appeared at the same time to be preparing an actual bid. offers view by analysts who watched of this deal, being tendered, then withdrawn, that it reflects a desire for consolidation in the food industry, which has made a lot of potential targets in the view , rising andet falling on such developments. right, quick check of the business flash headlines. higher inhares opened tokyo afterward is reported it is willing to give up control of sprint to cement a potential merger with t-mobile. thestors have been betting trump administration's less restrictive merger environment may pre-open the door to a deal. yousef: bloomberg has been told that there are reconsideration of plans to invest $8 billion after a state government threatened to withdraw tax brace. indian oil

kraft heinz walked away.d unilever rejecting the offer on friday, saying it fundamentally undervalues it. buffett, which own about half of kraft heinz, not wanting to go hostile. rbs, big move today. the shares have retraced all their brexit losses. millionaken the 750 pound provision after the u.k. asked the e.u. to consider another way for the lender to meet and try just restrictions. bailout shares are rallying today. gold is in performing the way it should according to the text books. as you can see, the last two rate hikes, you've seen gold rise. precious metals up 7% since the rate hike in december. 13% in the two months following the last increase. 6% the previous time. the big question is why. is it trump uncertainty, the uncertainties ahead of the european elections taking place in 2017? quick wrapup of the markets. brexit bille u.k.'s takes another step forward today as legislation moves forward to the house of lords. the government hopes it will have cleared the u.k.'s upper house with a final vote

and also, we'll go to all of that and also robert kraft, owner of the patriots. but first, tonight. >> [bleep]. [bleep]. [bleep]. [bleep]. >> sean: more left wing lunatics, agitators, causing chaos out of nyu in new york city last night. we will play you the tape. that and more. hello, houston. how are we doing? as we continue from houston. no matter how the markets change... at t. rowe price... our disciplined approach remains. global markets may be uncertain... but you can feel confident in our investment experience around the world. call us or your advisor... t. rowe price. invest with confidence. [ alarm weather.eping ] ♪ [ laughter ] cartoons. wait for it. [ cat screech ] [ laughter ] ♪ [ screaming ] [ laughter ] make everyday awesome with the power of xfinity x1... hi grandma! and the fastest internet. [ girl screaming ] [ laughter ] >> live from america's news had workers, i'm jackie ibanez in new york. the white house says the justice department will file for an emergency stay of a federal judge's order, temporarily blocking the president's travel ban. th

do you think kraft will come back? do you think one of the mistakes was they exposed themselves to the public early. >> yeah, i think so. i think this bid indicates actually kraft heinz, the 3g guys are looking at personal care. personal care maybe not so much but household projects, the soaps, etc. if you look at the big guys in europe, they tend to be tightly controlled and so a take over is impossible if you don't want th. now, within the space, he has a pretty open shareholder structure. 50 billion pounds market cap. that could be a target. the french listed company with a 40 billion euro cap hasn't been able to quite get it to work over the last couple of years. so those two are the ones i think would be targets -- and it's not just 3g. there's pepsi, there are other companies looking at bulking up or else they could be taken over. >> john cox, head of european equities. rbs is abandoning its sale of the william and glyn operation in an attempt to turn round the retail banking unit. it was part of a government bai

us food giant kraft heinz now says it won't buy its rival unilever. that's how the market looks at the start of the trading day. making sure everyone gets in on the act. we'll meet the woman putting disabled actors centre stage. supermarkets say we're buying more organic fruit and veg. do you think it's worth the extra money? do you buy organic? let us know. just use the hashtag, #bbcbizlive. welcome to the programme. the us vice president mike pence meets the president of the european council donald tusk in brussels this morning. they will try to mend fences after throwing rhetorical fire crackers at each other in recent weeks. while mr tusk described trump as a threat to europe, mr trump has praised the uk's decision to leave the union and angered many nations with his travel ban. between them, the us and the european union are the world's two biggest trading blocs. figures from 2014 put the value of all goods and services traded between them worth over $1 trillion. and that favoured the eu. it sold $91 billion more stuff to the usa than the other w

the owner of the new england patriots, robert kraft. when you've been making delicious natural cheese for over 100 years like kraft has, you learn a lot about what people want. honey, do we have like a super creamy cheese with taco spice already in it? oh, thanks. bon appe-cheese! okay... crammed into your brand-new car. i'm so sexy, you can't keep your hands off me. do it again. there you go... i can do whatever you want. except keep your eyes on the road. now would be a good time to have new car replacement. so get allstate and be better protected from mayhem, like me. it's good to be in good hands. >> one of the things i heard this morning and watching the news was that amazingly, it's never happened before, politics has become a much bigger sub subject than the super bowl. >> sean: that was president trump earlier today, at the white house, while many americans are into politics. nfl fans across the country are gearing up for the highly anticipated matchup between the atlanta falcons and the new england patriots. it is all happening

kraft heinz walking away. sixceo of unilver had months to put his ship in order because takeovers to debate that kraft cannot come back for six months. 's defenses were not formidable, such as low stock ownership by management. credibility may take a hit going forward. that is an interesting angle. rbs shares up to a one-year high after it said it would scrap its planned sale of its consumer banking division. investors are optimistic today. the rbs is closer to resolving these issues that have overshadowed the company, overshadowed the stock. the 750 million pound provision is part of the plan to address its eu rules to division during the financial crisis. the commission is now considering allowing it to keep asideit and in said set money to enhance competition in business banking. now erase their post-brexit bosses, something significant. banks today, big week for u.k. vendors, the big five on ftse release earnings. hsbc tomorrow. it has then the best performer among lenders. investors will want to know abou

because briefly joe, kraft came in for criticism a few yea rs kraft came in for criticism a few yearsstung by that? this with was then and this is now. kraft bought cadbury but spun it off. it is not part of their company at the moment. there was a lot of political heat as you recall, because kraft promised not to shut down a cadbury factory in bristol, which they promptly did within six weeks of taking over the company, so a lot of people were watching this, whether there was there was going to be another repetition of such promises that may not have been seen through. i am sure more will emerge in the next few hours, thank you joe. malaysian police are hunting for at least four more suspects in the death of kimjong—nam, the half brother of north korea's leader kim jong—un. he died on monday after apparently being poisoned at kuala lumpur airport. four people have already been arrested over the death but many questions remain unanswered, including what will happen to his body. celia hatton reports. thesis thes is non—of this man thesis non—of this man appears to have involved a widen

now kraft has said it has amicably agreed to scrap the plan.hrough with another deal. we will talk about that in a bit more detail, as i say, when we reviewed the papers. it's dominating the financial press today. china is stopping all imports of coalfrom north korea in a move that effectively cuts the secretive regime's exports in half. the ban will remain in place until the end of the year in a bid to ramp up the pressure on pyongyang after its missile test last weekend. last week china rejected a one million dollar shipment of north korean coal — the country's biggest export. single malt scotch whisky topped £ibn worth of exports for the first time in 2016. a new zealand judge has upheld an earlier court ruling that flamboyant internet entrepreneur kim dotcom and three of his colleagues can be extradited to the us to face criminal charges. sharanjit leyl has been following the case from our asia business hub in singapore. the decision is coming five years after us authorities shut down dotcom's website megaupload and filed charges of conspir

proposal from kraft heinz to combine with unilever, .u is this round one?ms like it is, but it is interesting that universal -- unilever shareholders are optimistic. investors said there is no rationale for this proposal. mark: is that reflected in the u.s. shares below $50? thatthat tell us doubts this obese successful? >> with the -- does that tell us about doubts that this will not be successful? >> you have a 60 day put up or shut up period. vonnie: what about the idea that somebody else may come in? europe -- in europe, in terms of size, you have europe -- you have nestle. unilever is such of big giant that if they say they don't want a deal, they probably could make it go away. right now, unilever does not want to sit at the table. vonnie: any investors pushing for this to happen, or for a split? -- theyver has been have a business that has not been doing very well. the one thing to keep in mind is now investor in unilever has come out and said, you guys should be offering us more. right now, they are keeping quiet. the other big takeover battle we --

bob kraft has done a magnificent job in keeping them together. they're not jealous about each other's success. >> sean: college, it's nick saban. in nfl, it is bill belichick and tom. >> if you have a good system, you put talented people -- part of it is the talent. you have to have a little arrogance. a little ego. >> sean: i want to be humble. i am a christian. i want to be humble. we are number one. >> i believe in systems. both of them have very good systems but also, they look for certain players who will sacrifice for the overall team good. that's why the patriots are very, very successful. >> sean: i think matt ryan has had a phenomenal year. i'm very impressed of them as a person and as a quarterback. he has done so well with the falcons. but i wonder, are we paying too much attention to the offense? matt ryan is going to face the toughest defense he's faced all year. when the number one offense is playing the number one defense, 6 out of 7 times in the super bowl, the number one defense wins. 6 out of 7. >> sean: and how about 7 out of 8

the anglo—dutch company rejected a bid from kraft on friday.plan. our business correspondentjoe lynam has been watching this story unfold... didn't quite turn out how we expected it? i have never seen such a corporate u—turn, i calculate that within 55 hours of the bid being submitted and initially rejected, it has now been withdrawn entirely. this brought together some major grable brands that you and i know. such as —— major global brand. such as that adelphia and heinz baked beans, which is owned by kraft—heinz, and that would have brought over marmite and other ones from unilever to create a huge player. worth 55 billion. but it is no more, what has happened is that basically it has become very clear that it was never going to work and that it was never going to work and that kraft—heinz would have to launch a hostile takeover bid and that would have cost it an awful lot more money than it was prepared to pay and it wouldn't have made the deal worthwhile and also it wouldn't have been a friendly and amicable divorce. and if you're wondering

think of the kraft heinz products we have as well, together it would be a heck of a lot.inating because of what happened at cadbury's, we know promises were made, jobs disappeared, manufacturing didn't go ahead as thought, food is an emotional subject. if you take over an oil company ora emotional subject. if you take over an oil company or a mining company, the average person doesn't care, but their chocolate or a tin of super. and also the takeover of arm holdings, a prized tech company, it happened so fast. although that might not have had a consumer angle, people thought it was our chance to bea people thought it was our chance to be a young technology nation and they were concerned. in 2013 according to the article in the south china morning post, north korea was receiving close to $3 billion for its coal exports to china. in 2015, about $2.5 billion. a lot of money for north korea, maybe not too many other countries. china is going to ban the purchase of north korean coal, lots of money disappearing for north korea and it's happening against the backdrop of the assa

but most importantly this did not go well for kraft heinz. this is not the way you write it up. a miscommunication? did they misread signals? i'm not sure that was the case. certainly they knew the defenses at unilever were significant if they chose to employ them. they probably understood that the company's ceo was committed to a culture there somewhat different than what they might pursue at kraft heinz. there were a lot of places for them to go. maybe they just didn't expect they would. i'm told in the meetings that took place they didn't necessarily expect that they were going to get a significant takeover defense here. but they got it. and so the next time around if you're kraft heinz, you probably need this to be friendly from the very beginning to the very end. abi-s.a.b., that was not particularly friendly. remember there was a lot of pressure put there. wasn't hostile as we sort of use that determine, but it certainly wasn't friendly. unilever might not have been necessarily friendly would they have pursued it. next time they go, they're going to need a company to say w

the global snacks giant, as the spotlight returns to who kraft and 3g, which controls kraft, will guy next, mondelez was a top contender. it dropped on word that kraft was chasing unilever. companies are under pressure to figure out how to grow again. that's why we're seeing so many announcements on healthier products as the industry tries to catch up with millenials who want fresher, cleaner ingredients. it is a trend that's led to virtually no top line growth for these big food companies. that's why they're all in cost cutting mode to try to beef up margins and boost profits. they're trying to figure out how the new administration's policies on taxes and trade, in particular, will affect the food business. food is at the intersection of global imports and exports. some big ramifications here. we'll speak exclusively to three food giants at the forefront of the issues. the ceo of mondelez will be in the next hour. the new ceo of titan foods is also here. this is a big deal when it comes to poultry, pork and beef exports to mexico. they're a buyer. and sean connolly is here to talk ab

shares of unilever and kraft rallying on merging talks, unilever says kraft's $143 billion is just notnough. sarah. >> reporter: hey, timer, investors are bullish on this idea, kraft-heinz, which itself is born out of an acquisition put together by a brazil giant pe and warren buffet in 2015, tried to combine with the megabritish dutch company unilever. unilever owns dove soap, act deodorant and mayo and ben and jerry's, it did reject this initial proposal. kraft says it's looking forward to reaching an agreement on the tomorrows of a transaction. what's interesting here, everyone expected-heinz to partner with 3g to pursue a deal. unilever is food and household products. a little half is in household products t. common thread, lack of growth. be ig food and household products struggled to change consumer taste. we talk about it all the time, healthier eating, clang in buying habits. consumers are getting basics online and on mobile phones. and the slow down in emerging markets, which accounts for nearly 60% of eunly lever sales. come in boy us, cut costs, big league, boost profits and

we will sit down with the team's owner, robert kraft to discuss owner, robert kraft to discuss the bigame and why the pats with every early morning... owner, robert kraft to discuss the big game and why the pats every late night... and moment away... with every click...call...punch... and paycheck... you've earned your medicare. it was a deal that was made long ago, and aarp believes it should be honored. thankfully, president trump does too. "i am going to protect and save your social security and your medicare. you made a deal a long time ago." now, it's congress' turn. tell them to protect medicare. and i'm just a guy who wantsants to sell him that truck.ck. so i used truecar. it told me what other people in the area paid for the truck i want. and because we're a truecar certified dealership, i already know the truck he wants. so we're on the same page before he even gets here. -it's fair. -and it's fast. look good? looks great. this is how car buying was always meant to be. this is truecar. ♪ >> chris: coming up on "fox news sunday," super bowl li. deflategate is still on everyone'

we'll have an exclusive sunday interview i with patriots' owner robert kraft.s, the gang from fox nfl sunday stops by -- >> we would love to be on your show every sunday. [laughter] i think we could wear you out. chris: and our power player of the week, houston's hometown hero, j.j. watts, on the big game -- j.j. watt, on the big game and teaming up with former first lady barbara bush. all right now on "fox news sunday." ♪ chris: you are looking live at nrg stadium, home this weekend to super bowl li on fox. be tonight, the new england patriots play the atlanta falcons for propro football's biggest -- pro football's biggest prize. hello again from fox news, today in houston. we'll have plenty on the big game this hour including a raucous session with the fox nfl sunday crew you don't want to miss. but fist, we want -- but first, we want to bring you up-to-date on another whirlwind week for president trump who's fighting a court order that puts a nationwide hold on his immigration travel ban. and earlier today an appeals court denied an administration request to

we will have an exclusive interview with robert kraft as his team goes for a fifth of super bowl.lus again from "nfl sunday" stops by. >> we would love to be on your show every sunday. i think we can rile you out. >> chris: and our power player of the week, j.j. watt on the big game and teaming up with barbara bush. >> obviously i love the city. i love the country. >> chris: right now on "fox news sunday" ." >> chris: you are looking live at nrg stadium, home this weekend to super bowl li on fox. tonight the new england patriots play the atlanta falcons for pro football's biggest prize. and, hello again from fox news today in houston. we have plenty on the big game this hour including a raucous session with the "nfl sunday" crew that you do not want to miss. first we want to bring you up-to-date on another whirlwind week for president trump who was now fighting a court order that puts a nationwide hold on his travel ban. in earlier today in appeals court denied an administration request to reinstate the president's order. to discuss that and much more, we are joined by the vice pr

kraft tries to do that. i don't think he would. why would the players leave their conscience at edge of the stadium? >> interesting. rachel bring you in. talk about the nba. steph curry and lebron james making it clear they do not support this president's policies. why is the travel ban such a big sish for the nba and players? >> it struck a nerve because nba is international league. players from more than 200 countries playing in the nba. 30% of the players born outside of the u.s. and toronto raptors, you have to cross the border back and forth to get there. two prominent players have sudanese passports. could they go away and come back? affecting people on the court on day-to-day basis. also the freedom that the nba players have now too. endorsements. nooikal jordan was reported to have said, republicans buy sneakers too, not that politically active. he was employee of nike. steph curry is investor in under armour and had a cute quippy quote but called company and spent hours on the phone with them making sure their values align

now kraft has said it has ‘amicably agreed' to scrap the plan.rs welcomed the possible creation of such a powerful firm. why are they pulling out? we are talking about that and we have all the other businesses tories in about 20 minutes. time is flying, see you $0011 “— 20 minutes. time is flying, see you $0011 —— “— 20 minutes. time is flying, see you soon —— —— business stories. stay with us on bbc news, still to come: in our exclusive interview with angelina jolie, she tells the bbc why she chose to make a film about the horrors of cambodia's khmer rouge. this is bbc world news. i'm adnan nawaz. the latest headlines: iraqi government forces have recaptured a number of villages at the start of an offensive to retake the western part of mosul from the islamic state group. the white house has attempted to clarify remarks by president trump in which he appeared to suggest sweden had suffered a recent security incident related to immigration. it hadn't. the colombian president, juan manuel santos, has condemned an attack in the capital, bogota. the

we watched as robert kraft -- we had robert kraft -- we viewed interviewed him a few days ago.uneral and called him every week for a year. they are very close. you saw mr. kraft in his box hugging kenny chesney. steve: tom crying. >> mr. kraft, meijer'sy is missing. it's not in my locker. it turns out the equipment managerrer we are hearing this morning actually had the jersey. when mr. kraft said that to him he said you better check online. steve: tom brady had reason to celebrate in addition, brian, because this was the first game, of course, the biggest game of the year that his mother galen was able to be in attendance. according to bob kraft she has been undergoing chemo and also radiation the entire season. she told local boston reporter that she had been praying the whole game that the patriots would win. and it's interesting. when asked how tom remains calm. tom senior said he gets that from his mother. there is the entire brady bunch after the game celebrating. >> never thought about it brady bunch. >> celebrating five super bowl rings. he has got it for four fingers a

i think it's wrong to be berating brady and berating robert kraft. liz: i can't stand that the politics are saturated into sports. >> i agree with you. and this particular sport, i think there's something interesting that robert kraft said about donald trump. the fact that when kraft was having some of his most difficult times, trump was a true friend to him. and i have to say as someone who didn't support him and quite concerned with some of the things that he did, we need to see more of that donald trump and less of the donald trump we see o rhetorically. liz: we're talking about the saturation, the political saturation. should anyone in sports, even sportscasters, should they not bring up their political meanings. we have mike weighing in saying he's a trump supporter. >> people want to have a enjoyable time, get your family and friends together, and i think in a lot of cases that people are -- liz: lady gaga didn't do it; right? >> she did not. liz: what do you think? >> she did it in a way that she's done it historically. if you're alive and on

lea: kraft walked away from unilever. we will have the details.eo of uber cause for an investigation into sexual-harassment claims of a former engineer. lea: the west versus the decent public transport anthony davis wins mvp for a record-breaking performance. dustin johnson wins the open and takes the world number one rankings. we'll have all the highlights. lauren: 5:31 a.m. it is monday, february 20th. welcome to "fbn:am," your first look at morning markets and breaking news. a lot of people probably off today. lea: a lot of people sleeping today. those debates. national security adviser michael flynn who was forced to resign. trump speaking with keith kellogg cannot act in national security adviser. john bolton, former u.s. ambassador to the u.n. h.r. mcmaster and robert kaplan. the first is to replace flynn turned down the offer and meanwhile, white house chief of staff reince priebus telling chris wallace on sunday that trump is not insisting steve bannon playable and national security. >> the president had said very clearly that the new nsa

that's separate from kraft heinz.sn't niecely mean it would include buffett money. >> good point. >> they damaged themselves at kraft heinz/3g with the screw up in unilever. there's no other way to put it. >> my travel trust cut it in half. i said amateur hour, people said how could you say that. >> guys thought to be infallible executed poorly. buffett kind of gave them an out saying maybe they didn't -- maybe there was a cultural difference. he pointed out that alex's second language is english. come on, the guy speaks perfect english. it's not clear to me. i will tell you i know that unilever was prepared to go on a scorched earth program if kraft heinz had kept the pressure up and certainly mr. buffett wanted no part of that. >> didn't know that. that's interesting. well, i got to tell you, he did spend a lot of time praising their analytical ability, which is obviously not in jeopardy here. i thought to me what made it seem so counterintuitive, clearly unilever was never interested in selling. >> never. not once.

kraft heinz on friday saw its stock shoot up 11%, a record.at unilver, same thing, a huge spike on friday, up 13% to another record. observers finding this with a draw odd and surprising, particular you win kraft heinz said last wednesday that they weren't really desirous of an acquisition. they downplayed what was clearly a play being put into action. >> indeed if we will see what the stocks do when they open. stay tuned on that. let's talk about oil and oil's direction. >> we have seen oil stake close to where it has been, 50 three dollars, recent weeks, but if you go in the bloomberg, we are in a close trading range now on track to be than narrow west of trading range since january 2004. let's chart this out for you, what we are looking for is that big surge in the middle around the lehman brothers bankruptcy. apart from that, again, this is a chart on trading ranges. you can see how narrow it has been, which is where we are today. video, we into the see platforms and rigs in the u.s. have surged in the big time past week did they are at th

heidi: kraft heinz has withdrawn its bid for unilever saying that the takeover target was reluctant to in talks. let's get more details on this as bloomberg news deals editor joins us now on the phone from new york. great to have you. this titanic sized takeover appears to be no more. why did we get this offer that was withdrawn? >> hi, heidi. yeah, it was a very abrupt would havehat been the second biggest takeover in the food and beverage industry ever. what our sources are telling us is that this deal was going to struggle from the start. when the proposal was made public just this past friday in new york, just two days ago, unilever came out very strongly rebuffing the basel saying there was no basis at all to continue saying that-- they severely undervalued the company. what we have heard happened since then is that the backers of kraft heinz, and that includes warren buffett, as well as brazilian investment firms, were fairly uncomfortable moving forward with a company whose management did not want to proceed with with from the talks. if you think about warren buffett, part of th

the offer was made in the last few weeks from kraft/heinz to buy unilever. it was then outlined by unilever when they confirmed the deal, $150 share purchase price made up of both stock and cash amounting to $143 billion but it was rejected by unilever. and what we can tell you at this point after a day here of sort of reporting is the high likelihood that under u.k. takeover law, by the way, they have 28 days at kraft/heinz to actually come to an agreement or make a formal proposal, but what is likely to happen here is not that kraft/heinz is going to go what we would call hostile. in other words, if, in fact, they are not able to get the board of unilever to agree to a deal in the next 28 days, expectations are they will simply step out as opposed to take it to shareholders as is, you're right, under u.k. takeover law. and that is for any number of reasons. certainly unilever made it clear in their press release today that the price was not adequate for them. they didn't see any real reason to continue to negotiate, but it is certainly the hope i think on

those big talks over the weekend, kraft heinz and unilever, it appears to be dead. but the $143 billion offer kicking off a record year for m&a. there will be an uptick, 6% uptake in total announced deals compared to the first half of last year. for more, let's bring in matt porzia, vice president of strategy from interlynx. so more deals so far this year. however in terms of total volume, dollar volume, a lot lower. so the mega deals are not happening. what's happening? i thought we were in this business friendly, everybody is confident, coming together. >> i would say that the number of deals, i think, is better indicator overall of the impetus behind m&a. companies need to grow inorganically. that's happening. the mega deals, they make the headlines, but they don't drive the overall market. so we're seeing growth in the first half and a record first half for the announced m&a deals we'll see in 2017, off of a strong 2016. so the market is good right now. >> how much of this is domestic? how much of this is international? that will play big in terms of what's goin

how awkward would it be for him to present that trophy to kraft?y is the mvp and he's presenting that trophy to brady? >> i think it would be very, very awkward but nothing compared to what it would have been last year, even before brady's official four-game suspension had been handed down. if roger goodell had to present the trophy to robert kraft and bill belichick and tom brady, i think it would have been incredibly awkward. it still would be because, again, tom brady, served a four-game suspension, dropped about 28 touchdowns, only threw two interceptions, threw for over 4,300 yard and is a clear bona fide, legitimate mvp candidate. he shut up all the nay sayers to some degree but you've got to believe there's a part of him that feels like roger goodell needs to be called to the carpet. his father was on the record saying roger goodell should basically be ashamed of himself. when you take all of those things into consideration, there's no doubt what the feelings are in the brady household, which would make roger goodell uncomfortable. the chant

as he presented the lombardi trophy to patriots' owner robert kraft.ot let the moment go. >> a lot has transpired during the last two years. and i don't think that needs any explanation. but i want to say to our fans, this is unequivocally the sweetest. >> reporter: as brady held one party and looked forward to the next. >> we're bringing this sucker home! >> tom brady! >> the victory parade, which will undoubtedly be a modest affair, begins at 11:00 a.m. in boston's back bay. get there early if you want a good spot. >>> that's the "overnight news" for this tuesday. for some of you the news continues. for others, check back in later. for the morning news and "cbs ♪ >>> it's tuesday, february 7th, 2017. this is the "cbs morning news." hours from now, a federal appeals court will hear the president's push to reinstate this travel ban. meanwhile, president trump is taking the media to task. claiming reporters are refusing to cover terrorist attacks. >>> america on session at the senate stretches into the early morning hours as lawmakers look to block bets

analysts believe that kraft heinz could sweeten the deal before it is finalized.d be the biggest food company including general mills. global news 24 hours a day powered by more then 26 hundred journalists and analysts in more than 120 countries. this is bloomberg. tracy, yousef? tracy: welcome back. you're watching "bloomberg markets middle east." in tracy alloway. yousef: -- i am tracy alloway. yousef: and i am yousef gamal el-din in dubai. have ald traditionally negative impact for emerging markets but the benchmark em equities index is up almost 2% this year and the equivalent startss off to its test in 2012. justin kerrigan joins us for more. em's are doing well. the traditional intellectual argument would be it should not be doing great because of interest rate expectations. why is it moving the other direction? why is sentiment so good right now? >> people are taking away the risk, looking at the backdrop, .ooking at low volatility you also have the benefit from rising commodity prices. 25 dollars a barrel. now it's more than double that level. so, that has

the american company kraft heinz withdraws its proposed takeover of marmite—maker unilever. deal would have been one of the biggest in corporate history. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are broadcaster natalie haynes and the independent‘s political editor rob merrick. we have promoted due. deputy political editor! deputy political editor! tomorrow's front pages, starting with. .. the ft leads with the news that kraft heinz is abandoning its one hundred and fifteen billion pound takeover offer for unilever, just two days after it made the approach. the is front cover focuses on this week's brexit debate in the house of lords, where some of the new labour grandees could resist the government's plans for withdrawing form the eu. the express also picks up the story, urging the lords not to weaken or delay the government's brexit approach. the independent leads with the advance into forces and also covers the lords‘ brexit debate. a warning from the defence secretary makes the telegraph's front page. sir michael fal

also making news this hour: the american food giant kraft heinz has pulled out of its plans to take overompany unilever. kraft had made an offer which would have been the third—largest in corporate history, but unilever rejected it on friday. the american company says it has now amicably agreed to scrap the plan. american ships, including the aircraft carrier uss carl vinson, have been deployed to the south china sea, on what the us navy describes as routine operations. last week, china's foreign ministry issued a stern warning to washington over beijing's territorial claims in the region. police in thailand have ordered more than 10,000 worshippers to vacate the country's largest buddhist temple, while they attempt to arrest a prominent monk. for months, the authorities have conducted high—profile attempts to locate phra dhammachayo, who is accused of money laundering. now, have a look at this glacial beauty. this is the deepest and possibly one of the oldest freshwater lakes in the world. lake baikal in southern siberia was host to the annual baikal ice marathon on sunday. more than a0

how awkward would it be for him to present that trophy to kraft?ld it be if brady is the mvp and he's presenting that trophy to brady? >> well, i think it would be very, very awkward. but nothing compared to what it would have been last year even before brady's official four-game suspension handed down. if rouger goodell had to present the trophy to robert kraft and bill belichick and tom brady in the throws of the deplate gate investigation that a lot of people particularly in the massachusetts area felt was bogus it would have been incredibly awkward. it still would be because, again, tom brady served a four-game suspension this year and then came out after the four-game suspension, dropped 28 touchdown, only threw two interceptions, through over 4300 yards and bona fide candidate. if you're looking eight it from that perspective he shut up the naysayers to some agrdegree but you've got to believe there's a part of him that feels like roger goodell needs to be called to the carpet because his father was saying rouger goodell should be ashamed of