talked about the transactions he is looking to conduct with the london stock exchange. ndon stock exchange is dropping the milan border, defensive transaction. investor of, this is an interesting transaction, the stop down today. there was talk about apollo deal , people becoming more cautious on that. we will see whether the company does get taken out. this is the kind of classic story a lot of people are talking about industrial stocks being taken out by private basically companies being taken private across the board. this could be one example of that. they're going to be plenty of others. indeed,ndeed -- alix: lots of m&a happening in europe as well as the u.s.. we'll wrap it up with a deal between the spanish bank and a funky a. -- and ivankia. this will create the biggest lender in spain. shares of both banks are down on the news. joining us is charlie devereaux. wanted, why did the market not take this as well? charlie: both banks have risen significantly during the timescale of the negotiations in the last couple of weeks, but i think there was disappointment abo

joined by craig senior market analyst at in london craig good to have you with us well the london stock exchange modeling has put the long term economic hit from a no deal breaks it at 8 percent of g.d.p. at the same time j.p. morgan is moving 200000000000 euros from london to frankfurt citing breaks it as a reason why would london now seemingly push for a no deal breaks it. in all honesty i don't think london is pushing for an o. the oprah exit thing they believe the threats of no deal breaks asked to be on the table in order to try and get some more favorable negotiating terms whether or not successful i will have to wait and see later on this year but i don't think anyone will i don't think most people at this stage really won't know. in particular business and the government will be olds who are wired up i think the risk from the deal briggs's stems from the government bucking itself into a corner and potentially leaving itself with no other alternative but craig you mention is like sort of this dish threat needs to be on the table in order to get more favorable terms i know that the brics i

ever more than 22 percent down during the 1st 7 months of 2020 remarkably on the same day the london stock exchange rose by more than 2 percent also on the same day during a time america has ground to a halt and is beginning to look like not just an economy in deep trouble but also ominously a failed state wall street's s. and p. $500.00 index hit an all time record despite the fact whole societies like the u.s. and the u.k. are falling apart the stock exchanges continue to game this is because of a relatively new aspect of market capitalism called don't give up. the corporate boardroom and the investor class are aware that everyone is out of work that the out of touch governments are incapable of helping citizens that that supply chains are falling apart but despite all of that they don't. they know they'll keep profiting because they are basically the bank robbers during a bank robbery yes the other people in the bank are suffering their 'd scare they likely have pants filled with poop but for the robbers that's no concern of theirs they will leave them with the money anyway here's where it is ag

. >> the london stock exchange with exclusive talks over the exchange operator but says any deal dependsen the eu and refinitiv take over. >>> a $4.3 billion take over with caixa bank creating $7 billion in assets. >> tiktok could go for a u.s. ipo. the deal with oracle and walmart. its fate could be decided in the next 24 to 36 hours. a very warm welcome to "street signs. we've got a flurry of m&a deals to kick off this morning the company has denied reports it is in investigations over a proposed take over bid bloomberg had reported more in recent weeks and that negotiations are in the early stage. >> euronext in discussions with lse. adding any potential sale depends on eu approval of the planned take over of refinitiv >>> the deal news doesn't stop there. caixabank and bankia have agreed to a deal of 4.3 billion euros a 20% prem yium will create spain's largest bank relieving costs around 77 million euros. so many things we could talk about. we could kick off with this banking deal, we've been waiting for more consolidation in european banking a lot of chiefs have said cross border m&a

the london stock exchange is looking to offload to clear for positions of refinitiv >>> telling cnbc that he regrets the auditing firm did not uncover wirecard's accounting sooner >> it is obviously an unfortunate situation. it was a massive fraud we did bring up and disclose in our fiscal orac calendar year i wish we had found it earlier we asked the company to move cash around to ensure it was there. we were given falsified documents and statements the year before. it was a well-orchestrated fraud. >> for grenke, shares swinging bafin are looking into an investigation. grenke has strongly rejected allegations calling them false in the statement they reached out to respond to the allegations. let's get to the researcher and join the conversation. you've gained a lot of attention on the back of this report the wide-ranging allegations the latest parties linked to the board and valuation of the assets releasing business to sellers, regular tory breeches in the banking division and more than a billion in cash. what do you think are the more serious allegations and what evidence do you

announcing plans to begin trading on the london stock exchange in addition to its listings in new yorkwe are joined now by the executive chairman of that company. talk us through the rational yamana wants to relist in london after they left in 2013. why now? >> i would say there are sefrlg several reasons. they are a great fit that require the financial performances paying dividends in return for investors in exchange of the change from london in our size and scale, more than 100 million ounces of america's focus. we are also a different company when we declined our listing or when we delisted in 2013 and the market has changed one would focus mostly on resource type investors. today, there is a plethera being looi looking at the interest. i think it is in the interest to go where the money is. we should be looking for a listing on that exchange >> i want to get more detail of how you are thinking about the dividend the investment case and opportunity at yamana gold for investors. it is a really important part of the equity story how are you looking at the dividend in the quarter and t

the london stock exchange will announce the results of the latest quarterly review.nged this year. more on that story and the stickup of the stoxx 50 -- shakeup of the stoxx 50. publish the latest beige book highlighting economic conditions in the u.s.. let's get a roundup of the latest news. >> the u.s. economy urgently needs new stimulus to rebound from the coronavirus crisis according to steven mnuchin speaking to a house committee. sources tell us he started a conversation with nancy pelosi amid stalled negotiations. he stopped short of offering a fresh proposal to break the deadlock. the pentagon is warning of china's increasing nuclear capabilities. it's rapid nuclear bill that means the country is going to join russia and the u.s. in the ability to deploy nuclear weapons. according to an annual defense report, china's progress upgrading its bombs should achieve this triad of delivery systems. china's charm offensive in europe may have backfired. the visit of the chinese foreign minister culminated in a tense exchange in berlin. he was confronted by his germany

london, i'm guy johnson. this is bloomberg markets. it has been the busiest month for u.s. ipos for the new york stock exchange in recent history.s week alone, companies raised 10.4 billion dollars across all exchanges. globally, ipo announcements topping $80 billion. joining us now for more to talk about this is john tuttle from the nyse, the vice chairman, chief commercial officer. we are also joined by shelley bassett. -- sonali bassett. snowflake coming to market, generating huge pop. it all feels very euphoric. what message should investors be taking away? john: it continues to be an exciting week, snowflake, unity this morning. what we are seeing is a strong appetite for high quality tech companies from investors. the ipo market has been open. we thought 2020 would be a quieter year but the window opened up spring and many companies that had been lining up to come out to the markets have decided to do so. it is a very warm welcome from investors, retail and institutional. sonali: when you look at the markets, you have bill ackman's spac as the number one ipo this year. other companies going public that are the biggest are

stock exchange vice chair. we will talk about some of the tensions out there between the divorceschina and the in europe. 3:30 p.m. in londons bloomberg. ♪ ♪ is "bloomberg surveillance." the san francisco company priced its ipo above a market range to raise $1.3 billion. it has a market cap of $13.7 billion. it develops software for video games. a federal judge may put a temporary hold on president trump's executive order that own we chat in's the u.s.. it is a messaging, social media and electronic payment have used by more than one million people. the argument is that china can use it to spread disinformation and steal data. unioners in the european are crying fat and have balked at the plan to set limits for the next decade. automakers say they lack government support needed to achieve targets. that is your latest bloomberg business flash. francine: thanks so much. markets seem to be quiet. stocks are fluctuating. there has been mixed signals from investors. they seem to be settling into some kind of holding pattern. edging lower. i wanted to show you some of the u.k. restaurant stocks. they are falling because of report

stock exchange. tom: always poignant, and then we will go to shanksville, pennsylvania, where trump and biden will have a were members. -- have a remembrance. jonathan: from new york and londonn the september 11, this is "bloomberg surveillance." ♪ jonathan: from new york and london, this is "bloomberg surveillance" live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. moments away from cpi. with latest data in america, here is michael mckee. michael: consumer prices out this morning. everybody keeping an eye on that for its implications for the federal reserve. in cpi increasing .4% august. that is higher than expectations. expectations were for a .3% rise. the core rate rises .4% as well. that is double what the forecast was from economists surveyed by bloomberg. you take a look at the year-over-year numbers. that poses -- that pushes the cpi number to 1%, the core number 1.7% which gets us back into the territory we were in before the pandemic started. the increase in the headline number was broad-based. and trucks the biggest factor. there has been a run on used cars and trucks. recreation,elter, and household furnishings increased.

stocks and a full day of decline the longest losing streak in several months. global banks face a stormy session amid claims of suspicious financial dealings monday after the report exchanges fell in londonwould retain overall control in the tiktok oracle deal and president trump now saying he could change his mind about approval. shery: japan on holiday. south korea and australia coming online. let's get a check the markets. inhie: checking on the open sydney, to extend losses for fourth straight session. holding below 76. the aussie dollar holding up to day decline against that greenback and the three are yelled pushing below 25 basis points ahead of the rba deputy governor's speech later this morning. ahead of that we have a note from goldman sachs in the fourth quarter they expect more measures from the rba to keep the cost of fiscal expansion encoding a rate cut in november and more qe. sydneythium minors in ahead of tesla battery day. the open and south korea, the kospi under pressure while the korean yuan is retreating from -- won is returning from a generally high. tesla says --ter elon musk says tesla will boost purchases from suppliers encoding lg. thatg will seek -- and tess w