the two big movers are down this morning, linde praxair and iwg.aft management has been positioning themselves, the entire market expects a deal coming. you're just wondering where it's coming from. matt: there seems to be more upside possible. campbell's was worth $55 billion a year ago i now trading for $42 billion. it's now and a chronic brand. when you think of soup, campbells, that's it. could they have any competition, kraft? ruth: if they make a bid, there will be others that look at it. the other consumer giants. we've seen them do a lot, they might say, do they need to sell any businesses or sell any brands? smaller brands? maybe we come and get those. matt: ruth, a lot to work on this week. ruth david is our senior deals reporter here at bloomberg. don't forget, bloomberg terminal users can interact with the charts you see on the bloomberg tv using gtv . you can type that in. if you type that in on your bloomberg, you can see all the charts we've used and you can click into them. you can mess around with them, use them in your own res

linde and praxair, breaking news.atted to our man in germany. , shares falling earlier, the most in a year after the u.s. into the trust regulators raise this hurdle to the merger. it could derail the deal to create the world's biggest industrial gas producer. the federal trade commission indicating it wants the companies to sell more assets before to prove their deal. linde did note a higher likelihood the requirement may to total asset disposals beyond the acceptable threshold outlined in the deal. shares did fall as much as 10%, down by seven point 5%. sterling down for a third consecutive day, the dollar down below $1.30. in 11 monthsvel after liam fox told the sunday times that the 60% likelihood of a no deal outcome as the clock ticks down to march of next year. $130.ng dropping below commentsmark carney's said the chance of a no deal brexit was high. a lot of data, gdp, trade data on thursday. sterling has fallen for four consecutive weeks, it's worst run since january, 2015. that is a look at european markets.

know it's not a direct problem i don't think because companies like the men's or the deutsche bank or linde world leader in the industrial gases b.s.f. all these world class companies they pay very good wages they have very good social programs you get promotions you can go into a foreign subsidiaries so there are lots of attractive side effects of working for such a company and they paid in many cases more than the average wage earner gets when he just has a union negotiated wage so they're not affected directly but indirectly yes they are because a lot of medium sized companies and even smaller companies that provide services to them like building or fixing the plumbing. taking care of an electrician problem for apps that the on staff can handle in the factory and above all providing things like supplies for the automobile production chain or for chemistry that comes from small companies the smaller companies are having acute trouble of finding people

questioned the company's acquisition by linde. it is a $47 billion merger. for the second time after the ftc asked for the pressures -- divestitures. david: there is a red headline across the bloomberg. wynn resorts settled with elaine who, the wife of steve wynn inherited and got a lot of shares. there has been litigation going on following the divorce. they established the successors. the former -- a former executive, phil satre. this does not resolve ongoing investigations following allegations of sexual misconduct from steve wynn. but his wife has now settled with the company. agreement, sheis will not significantly increase part of this page she owns just under 9%. she will not join groups seeking a takeover until 2020. david: it at least bring some quietude to that company, which could use it. let's get an update on what is making headlines outside of that business news. the u.s.na is warning that it is ready to end your a projected trade war. beijing responded through state media after weekend claims by the president that he has the upper hand in the

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linde says the ftc asking for more asset sales for the planned movement with praxair. december 2016 when they struck that deal the two companies are now evaluating those requests. also turkey's currency has reached a record low against the dollar this morning. that comes after the white house said it was reviewing their duty-free access to the u.s. market last week turkey imposed retaliatory tariffs on u.s. goods in response to u.s. tariffs on steel and aluminum. >> you said duty >> i did >>> now back to the markets. let's take a look at -- what do you think, morgan? would you -- you wouldn't say that on "squawk alley," would you? we're very immature. i'm very immature. 20 now up on the dow 13 and change on the nasdaq. up 2.5 on the s&p. joining us now is doug ramsey. worried about doug he's at leuthold group you got one foot out the door. and barry james of james investment research. so i'll start with you, doug why do you -- i mean, is that fair to say? you've got maybe one and a half feet out the door? that the fun is gone the punch bowl we don't have -- i don't kno

know it's not a direct problem i don't think because companies like the men's or the deutsche bank or lind world leader in industrial gases they are b.s.f. all these world class companies they pay very good wages they have very good social programs you get promotions you can go into a foreign subsidiaries so there are lots of attractive side effects of working for such a company and they pave many cases more than the average wage earner gets when he just has a union negotiated wage so they're not affected directly but indirectly yes they are because a lot of medium sized companies and even smaller companies that provide services to them like building or fixing the plumbing. taking care of an electrician problem for apps that the on staff can't handle in a factory and above all providing things like supplies for the automobile production chain or for chemistry that comes from small companies the smaller companies are having acute trouble finding people we're seeing that come up in polls of industry of corporate leaders where they complain about this and cite this some of them as a major imp

>> lind seay davis for us tonight, thank you. >>> we turn now to breaking developments in the high rise shooting here in new york. police revealing new information on the hunt for a gunman wanted for firing shots into a 50-story building from across the east river. authorities releasing new surveillance. abc's whit johnson with the new details just coming in. >> reporter: tonight, an nypd source telling abc news they have identified the man and woman in this surveillance video and are close to making an arrest in the mystery shootings into this luxury highrise. for days, residents living on edge. >> i just heard bang, i think i heard five shots. bang, bang, bang. and my father, who is retired police, he said, that was gunshots. >> reporter: police believe the bullets hitting that upper east side apartment are coming from roosevelt island, flying over the east river, 1,400 feet away. the first shooting just before midnight last thursday. a resident on the 14th floor waking up to the sound of shattering glass. then, overnight saturday, bullets hitting the 32nd floor. in both cases, women

business champion says he plans to expand the team of managers by 25% this year in other corporate news linde may be forced to sell more assets than expected in order to gain approval for its merger with praxair the u.s. federal trade commission expect further come mittments and -- commitments before it can go ahead both remain in a constructive dialogue with the u.s. regulator. iwg ended takeover talks with it's three potential buyers. the service office provider said it has informed starwood, terra firma and tdr capital that it didn't believe they could recommend a price for shareholders they had a 33% drop in the first half and announced a share buy back program the dutch postal company has seen it's q2 operating income slide to 10 million euros. that's down from a year ago. they slow down and had possible changes in the dutch postal market are causing head winds. the company says 44% of its revenue year to date was generated from e-commerce now. no surprise there. right. so that is the first part of our show if you want to get in tough with us you can also see us directly and if you have

. >>> linde shares are trading lower after divestments needed to seal approval from its approval with praxair reached a size that would allow either side to abandon the deal, but the company remains in constructive talks to save the $83 billion agreement. >>> vodafone has begun merger talks with tpg telecom the two firms confirmed they are in exploratory talks but offered no details about the deal. the tie-up could unite tpg's broadband services with vodafone's almost 6 million australian customers. >>> the italian government could take control of autostrade according to reuters the economy ministry has denied knowledge of such a plan the board of autostrade separately approved a 500 million relief fund in the wake of the genoa relief collapse carlo joins us from rome you have been following this story. there was the board meeting that occurred yesterday what more can you tell us, particularly in light of this reuters story suggesting that cdp may be looking to get a stake into atlantia as well. >> good morning. the building behind me is the same one that yesterday hosted autostrade's

you be the paul lind of the hollywood squares speak. greg: yes. i love it. i'm never kidding tired of looking at that video. tyrus, is there something wrong with me? tyrus: is that the question. [laughter] you want me to go there? greg: we have 45 minutes left. tyrus: you all with the kind eventually what's wrong with him. i am personally inspired by the story. i'm excited about it because i'm going to start a gofundme in case tyrus screws up fund so if i get a half-million in case i were to say the wrong thing on tv or apologize on my tv for saying something, i'd have that link it to fall back on. that be phenomenal. everyone get together and i'll put it show you some of my tweets and put stuff out there and get weird text i set at three in the morning and i'd be happy to put that out there. i will not spend it now but in case something happens i think that's great. greg: you know what you just invented. tyrus: the safety net. greg: no, social media insuran insurance. tyrus: yes, that's exactly -- yeah. greg: you half to get home before people watch the sho

linde is saying, we want this merger to happen but do not want to strengthen our competitors to a pointe weekend so much that this merger should never have happened. if i were a betting man, and some of the analysts are saying similar things, we think the merger will go through because beyond all the risk of having the whole thing unravel and unpack, we will end up with a lot of ache on the faces -- egg on the faces of management and they do not want that. mark: continental shares slumping, bringing down the entire industry. specific continental thing or an industry specific thing? benedikt: it is a bit of both. there is a bloodbath at continental. we saw companies fall quite dramatically on this. what spooks investors is this happened a couple of weeks after the quarterly earnings report and there was no sign of the trouble ahead when they unveiled these earnings. the cfo on the call today had to answer some of these questions like, why are you coming out with it today? companies, it has to do with their forecast abilities and that spooked investors. mark: bloomberg's managing editor o

prominent thing people discuss, this idea that he's obstructed justice by asking him to go easy on michael lind or the idea that they are not crimes and the things that are described are not crimes by him even though other people that taxing e-mails commit crimes. the things people tend to talk about in the contention is they are not crimes. >> i wish that you were reviewing the book because if you ask my friends wit what thek is about it would have a completely different point of view. the first 20 pages please don't completely and very clearly that those are contentious. a vast number of scholars completely disagree. 1986 i disagreed with myself. [laughter] i wrote that it was a broad criteria and then when i went and did the research i advised president clinton on his legal case. i did the research plan and came to the conclusion and everybody loved me for that when i said you need to have a crying to impeach. but saying the same thing gets me in trouble. so in fact i had my publisher do something interesting. they need an alternative cover to illustrate what i would have written had hillary

you need three diving boards for the triple lind here we go. >> oh, my! wow! doug's got game. who knew? >> he's got game and he's got water up his nose too. >> and in h shortstoo. >> he's got soggy sinuses too. >> good t job,hank you, doug. he's hing too much fun out there. >>> theti redskins get ready for the second pre ason game tomorrow night. will we see quarterback alex smith in action? for top-quality floors at rock-bottom prices, there's no place like floor & decor. you'll find the largest in-stock selection of tile, wood and stone. you have to see it to believe it. visit us in-store or online at flooranddecor.com. >>> we've been trying to watch the triple lindy. >> i'm glad brought my bathing suit today, by the way, i didn't know this was going to be something. you do it? >> no, i'm not doing that. iannot. >> while the maryland football team continues to grieve overt loss of jordan mcnair, ttry d to also focus on the field as they prepared for the upcoming season. the terps kick off in two weeks against texas. interim head coach matt canada now leads the team inf place

owned banks and mired in controversy the european union approved the merger between a german company lindexair. this is after concessions that anti-trust regulators say asset sales adequately addressed concerns now the focus shifts to the trade commission to make a decision on that deal. >>> finally, worth highlighting today, this is the day that greece officially exits its nine year bailout of more than 274 billion euros. you recall massive protests that engulfed greece for years, they protested budget cuts, pension cuts, tax hikes, et cetera uncertainty whether the greeks would follow the bailout rules led to a lot of volatility in markets. european banks would move, dow would move 4, 500 points in those days what does success look like for greece gdp is $192 billion, down from $354 billion in 2010 unemployment at 20%, down from 27%. population is down by a half million, due to a brain drain going on, and they still owe 248 billion euros, but have a primary budget surplus ten year yield was 4.33% peak was 27% in 2012 morgan, back to you. >> that certainly puts it in context, michelle, th

. >> it's a masonic lodge of similarlyhi lind-nsowfon-rmanpeu t in waysop hele have imagined. >> yes,n, and he's reached bottom and can't take it anymore ask is looking for a sign and he might have found that sign. >> stephen: jim. >> i found thissed on the cool. i'll ask around, see who this belongs to. thank you. are you okay? >> um... >> come inside. see for yourself. gr it's a cult, right? >> it might be a cult. i don't know. i can't tell you. i can't tell you. it's a lovely show. ( applause ) it's a really, really-- a very unique show, i verys uniqu. >> stephen: if you want to find out what's inside "lodge 49" premieres monday on amc. paul giamatti, everybody! we'll be right back with wwe superstar ronda rousey. ♪ hurry in to old navy for the kids and baby sale with up to sixty percent off. with styles from two, four, six, and eight dollars. make back to school shopping easy with buy online, pick up in store. with styles from two, four, six, and eight dollars, only at old navy. with recurring constipation and belly pain if you feel like you spend too much time in the bathroom tal

lind say, thanks again see you begin soon have a good weekend. couple of ore names, big ones reporting next week that we're watching cisco, nvidia, deere >> i own it. last quarter, they gave guidance that was in line the market hated that. took the stock down meanfully. it was in a beautiful uptrend from there i think history shows these guys sandbag and they set themselves up to have a nice second half of the year, but they've got prove it on wednesday. i think it's wednesday that it comes out. they've got raise guidance >> jon, nvidia lately, hasn't done anything >> nothing >> year to date, still 31% just shows you how good the beginning two is pushing in the middle of the year has been. >> exactly they're down about 2%. in other words, the market's up four, they're up two down two rather, so that's a 6% spread i think they could be fikting back i like that. i think these guys are going to outperform despite the weakness which is what people have been pointing to. >> deere kevin. down almost 12% year to date what's the trade here. >> it's right

not a name we talk about a lot on the move as european regulators approve its deal to merge with linde the two companies still having a clear a major hurdle what do you think? >> it's a very big deal. it's industrial gas. there would be only three major players of any kind of size or scale and i think what's interesting is that their going to get through the eu with less trouble than they thought and have more trouble than they thought with the ftc in the united states, which could include more divestitures. so this is not over. but it's a big industrial stock and it's important to some of the big indices that track the sectors. >> unsexy, but something we all need meanwhile, facebook shares are lower as the company was accused of violating the fair housing act. this h this is bizarre. facebook and hud >> what you're talking about is that landlords and sellers were able to advertise on the site and they had discriminatory housing policies i'm not sure it's up to facebook to go and look at. to me, it's more of a situation that everybody wants to take a shot at facebook because t going t

. >> that's a danger with linde i graham. he probably has his heart in the right place.g a move saying it's okay to fire sessions, he's doing it because of some greater good. he's trying to protect mueller. he's trying to do something else. that's what happens when you try to game this out as opposed to playing it straight up. there aren't going to be any red lines until the republicans in congress decide -- >> in which case they will all be replaced, come into a democratic house, possibly democratic senate and they'll see what real accountability looks like. >> if there is no red line, the house doesn't turnover the way you say it will, frank figliuzzi suggested yesterday on the air there is a contingency plan. he would send off parts of his investigations to s.d.n.y. or the attorney's office in d.c. or various other u.s. attorney's offices around the country where they could continue it and donald trump could not stop that investigation. but who knows, guys. just watch. something will happen i'm sure. hans nichols, thank you very much. jonathan lemire, thank you as wel

lind r little london.ghts on facebook, twitter, snapchat and insta. >>> for now, ali velshi, all yours. >> catch you later, hali. >>> good morning. i'm ali velshi. my colleague is off. >> robert mueller once again, the president has a stunning claim he could take charge of the russia investigation if he wanted to. >> when asked if he will sit for an interview with mueller the president indicating he's leaning against it saying he's concerned about what he calls a perjury trap. >> in situations like this the prosecutors, the truth is relative. it's like the tree falling in the forest. did anybody hear it? how do we know what the truth is? >> why did you speak so long to the special

lind r little london. and hear yog thoughts on facebook, twitter, snapchat and insta. >>> for now, ali velshi, all yours. >> catch you later, hali. >>> good morning. i'm ali velshi. my colleague is off. >> robert mueller once again, the president has a stunning claim he could take charge of the russia investigation if he wanted to. >> when asked if he will sit for an interview with mueller the president indicating he's leaning against it saying he's concerned about what he calls a perjury trap. >> in situations like this the prosecutors, the truth is relative. it's like the tree falling in the forest. did anybody hear it? how do we know what the truth is? >> why did you speak so long to the special counsel. >> mcgahn's lawyers says he did not any any way incriminated president. >> a careful guy. i can't imagine sitting around the white house six months with a president who he thinks comitted a crime. >> i am doing everything to try to prevent these abuses in the future's if it means going to court i will d

he presided over the trial of walker lind, sentenced him to 20 years, telling him you made a bad choice before the manafort trial started ellis questioned the special counsel's motives in prosecuting manafort saying you don't really care about mr. manafort's bank fraud, suggesting it was an effort to pressure manafort into providing information he may have on donald trump. >> i think judge t.s. ellis in virginia said it best, he's not a particular figure, he has no skin in this game except the law. >> still, ellis surprised the white house and let the case two forward. ellis was born in 1940 in columbia. he graduated from princeton, went on to study law at harvard in oxford. for all his toughness, he apparently tones it down for jurors. when one answered his question before he'd finished, ellis said, i know i'm predictable, my wife says that's one of my only virtues. >> really seems like an interesting fellow. randi kaye joins us. the judge gets involved in his cases. >> he's an interactive judge. he was actually questioning the potential jurors, wanted to test their impartiality, he's

and saying we are the republicans agreed to and also on the other side we have seen very valid and lind occupations and protests in south africa people protesting for weeks saying we want less influence it did with that they have no end of the option of the trade to get those arrested but it is not the way so now they are saying look give them a list let us do it legally by changing the constitution but it are to say this is a very complex and vexed issue is it a risk then that south africa will descend into the kind of economic turmoil the reason bombay did after land expropriation is that. the gun in the senate is not going to go is a mob and stand it is going to do it or die and he got in from a person who's been on record saying they're not going to allow people to freely and within the occupying it but the challenge is that what the government says and what the people do might be two different things we don't know if these farmers are really in need of land in order to farm or just to have it and we don't know where that is what the capacity to do the production that are needed to

we are hearing from lawmakers, particularly those close to mccain, and especially lind dse graham, who was on the "today" show this morning, really john mccain's best friend. >> reporter: he's been a spokesperson for the mccain family. graham's comments today were interesting. what he did was address how mccain might feel about this back and forth with president trump. frankly, defended himself a little bit against accusations that he's been too close to the president, by comparing the way he is trying to work with donald trump to the way john mccain tried to work with barack obama after that election in 2008 that he lost. felt like it was his duty to the country. here was lindsey graham on the "today" show this morning. >> i'll be a bridge when i can. >> senator mccain never got mad at you for that? >> wouldn't have mattered. i would have done it anyway. i'm too much like him. the bottom line is, john has shown that it is not about you. country first. it means that even if it is inconvenient for you, and it makes you uncomfortable, you do it anyway. country first hurts. >> reporter: h

one of his best friends, senator linds lindsey graham. >> the attorney general rod rosenstein, formere. >> he will be one ofpall bearers tomorrow. two dozen flew to arizona to attend the services there yesterday and traveled back him some of them were at the ceremony at andrews air force base last night and have also come again to pay their respects we mentioned the catapult. you can see the construction put together hastily in 1865. incredible history. not only those mentioned who lie in state. has al it has also held the caskets of dozens of presidents. >> dwight eisenhower. >> bob schieffer and market brennan are in washington. bob. >> well, i'm just thinking. how many times that john mccain has gone across the rotunda, going from one place to another. it's rotunda, of course the senate is on one side and the house is on the other. but you main was a familiar figure in what we always call laughingly the corridors of power, those senate hallways, because the great thing about you know when you are a reporter is you get to see those people up close. you don't have to go through the p

fred siegel has pointed out mccarthyism, the subject of our absent friend bev lind's paper was in many ways the politics of revenge against the establishment. it wasn't just revenge against the foreign policy establishment. it was a revenge against all the establishment. there was an interesting quote from pat buchanan. banner of america first as well. he said you know, the great thing about mccarthy was that he did to the american establishment what the new deal democrats had done to the business elite and wall street. he forever destroyed the american people's belief in their natural leadership. and this again stemmed from the battles before and leading up to world war ii itself. and even the talk we have nowadays about the political correctness in buckley's view went back to this. not just before the war, not just during the war, even after the war, any kind of revisionist scholarship was beyond the bounds of polite discourse, it was not allowed. harry elmer barnes was ostracized from the profession for resisting it. and buckley was a symbol of the liberal establishment's coercive c

linde informed by the ftc over the weekend that it may have to make further divestitures in order to the concerns of u.s. regulators at the trade commission and you can see praxxair is down on that. there was a certain level of divestitures under the merger agreement that they were obligated to make, but what they said over the weekend is that a higher probably that threshold for divestiture commitments which has to be accepted by each contract party under the agreement will be exceeded and so that has people concerned that the deal itself, therefore, could be in trouble. that spread is widened about 20%, at least, annualized. you know, it's funny we quickly made this point but it's worth making begin. sinclair tribune came out of nowhere. the fcc, this deal, obviously, the department of justice is still after at&t and time warner there's been no shortage of unexpected regulatory moves. >> obama would have been approved, i think. the idea ever since david said to me, listen, this sprint t-mobile creates a true competitor against at&t and verizon. it might be hard you have to spend a

buckley i think also drew another lesson from the america first experience which was that as he saw it, lind berg's great mistake was in uttering anti semitic remarks and allowing the media to discredit the movement as a whole. he was careful to keep it out of the conservative movement of his own. that's not the same thing as buckley agreeing to the world as it existed at the time. i think buckley never made peace with the internationally liberal order. you can see this in the resistance to executive power. and the last big isolationist was actually after world war ii. it was for america in the early 1950s. it was organized around spouppo of the bricker amendment which aimed in various forms to require congressional authorization for executive declaration of war or other kinds of intervention. or treaty passage. so in many ways this suspicion of the executive leadered on through the eisenhower years to the nixon years. it persisted even through the reagan years and has never really come to rest. and arthur sledger was a perspective observer of his opponents, the conservatives pointed out tha

>> i think what might have andened here is a -- linde theyir got caught when were appointed when theyn-depth investigation last august, they were facing a different commission then today. four different commissioners. now they have different decision-makers. to the extent that they thought they were playing with one investors six or seven months ago, and that is changed, it could be because four new decision-makers out of five that have started. it does look like they will have want to getre they closed. they have a deadline looming. if they miss that, is the deal done completely? >> it looks like it. if they can resolve a set of assets and buyers soon, at least for purposes of the fcc, they could probably get a clear before. it will just have to happen fast. scarlet: thank you. senior analyst for bloomberg intelligence. coming up, california takes on trump. the state attorney general tells us about car pollution rules. this is bloomberg. ♪ scarlet: breaking news, shares of sprint and t-mobile are higher, as they can see there. the department of justice is the need for at least three

eu regulators will approve between praxair and germany's lind the deal was held up over disagreementssset sales and transaction was first announced two years ago. >> when we return, more on the deal of the morning. pepsi buying sodastream for $3.2 billion. is it a sign that sugary sodas are on the way out we'll talk about that. plus, how long will the bull run last anastasia om row so will be here to talk about the markets. as we head to the break, take a look at the u.s. equity futures. off the highs. still indicated up by 50 points. s&p futures up by five the nasdaq up by 19. "squawk box" will be right back. into everything, and everything into the cloud. it's all so... smart. but how do you work with it? ask this farmer. he's using satellite data to help increase crop yields. that's smart for the food we eat. at this port, supply chains are becoming more transparent with blockchain. that's smart for millions of shipments. in this lab, researchers are working with watson to help them find new treatments. that's smart for medicine. at this bank, the world's most encrypted mainframe i