company and lorillard.s american is in advanced discussions to buy lorillard shares whose shares have spiked up to highs on that news. reynolds american, again, the proposed deal could see british american tobacco take a major role back in reynolds in terms of the overall deal and that the companies are working to finalize this deal as soon as in a matter of weeks but many moving pieces remain and talks could take longer this, all according to sources familiar with the matter. lorillard and reynolds american according to reuters in advanced talks and a deal could happen within matter of weeks. up towards session highs, upner 11% to the upside. back over to you. >> boy, these mergers just keep coming at us right now, kelly. >> they do, and this points to what's happening in terms of m & a space. >> what's that say about the market? >> another big deal, yeah. >> all right. we're going to take a break and come back with the closing countdown and see how we trade here. >> yeah. >> also, more on ebay getting hac

david: we're seeing a pop in lorillard's stock.back to nicole petallides on floor of the nicesy for details. >> that's right. just as we were approaching the closing bell, we saw lorillard, traders came over to my desk noting here. look how lorillard it is jumping. moments later we saw big news here. we may see number two and number three tobacco companies together. reynolds american and lorillard in advanced merger talks. they could come together as soon as weeks. there is the other little piece. david: british american tobacco, they have a 42% stake in reynolds. this may be a tie-up of all three of these companies. reynolds has camel. lorillard has newport. they could be put together. we saw this stock jumping about 10 1/2% at the closing bell. lorillard, what a big move going into the closing bell. if you look at intraday chart you see that big pop-up on heavy volume. we'll continue to follow this story. this is obviously a huge potential merger. of course none of the companies, liz and dave, are commenting at this time but seem

lorillard has the top selling blue brand at convenience stores and gas stations.s has vuse which is currently sold in just two u.s. states. british-american tobacco will likely have a lot to say as it owns a 42% stake in reynolds. any deal would likely face antitrust scrutiny as it would place about 90% of the u.s. tobacco market in the hands of two companies. the fda is also considering a ban or restrictions on menthol cigarettes after it banned all other flavors in 2009. lorillard gets about 80% of its revenue from menthol. >>> news of a potential deal has swirled for months, reports say speculation was heightened last month when reynolds brought back susan cameron to lead the company. she helped oversee the integration of brown & williamson which reynolds bought in 2004. checking shares of reynolds, up about 4.6%. b.a.t. also on the move. over to you. >> thanks for that, seema. always good to see you. that's the latest on the potential deal in the tobacco industry. >>> still to come in a few moments on cnbc, what is going to happen in ukraine ahead of the elect

reports say reynolds american, the maker of camel cigarettes, is in talks to merge with lorillard, whichrts. lorillard is the leader of the fast growing ecigarette market with a top selling blue brand. >>> congressional aide says gm ceo mary barra briefed lawmakers on monday about tignition switc recall. >>> carnival is spending $400 million to reduce air pollution from the diesel engines. they'll use scrubbers to cut sulfur dioxide emissions and plug into the electric grid rather than idle when in port. >>> golfer rory mcilroy says i don't. those stories and all the rest of your sports highlights when we come back. [ male announcer ] coffee is about to change forever. introducing nespresso vertuoline. now coffee becomes an experience like nothing you've ever had before. [ penelope ] nespresso vertuoline. experience the revolution of coffee. -hit the beach in florida. -and a reunion in seattle.. we can afford to take more trips this year. [man] when hotels have unsold rooms, they use hotwire to fill them. [woman] so we got our 4-star hotels... for half price. ♪ h-o-t-w-i-r-e ♪ hotwire.co

reuters reports-- reynolds american-- is in talks to buy lorillard. it could become a 3-way transaction, that includes british american tobacco which owns a 42% stake in reynolds. the merger between reynolds and lorillard could create a mega $55 billion dollar company rolling out camel and newport cigarettes. it also creates a larger competitor to altria the maker of marlboro cigarettes. altria controls half of the u.s. tabacco market. google could be gearing up for a spending spree. the tech giant told the sec it's planning to keep it's 30 billion dollar offshore cash stash overseas, to use for expansion. that's according to forbes. the report was filed in december, but made public this week. google said it expects to use 20 to 30 billion dollars for upcoming m&a activity. at times it looked like it was a dead deal. but after more than a decade of talks.. russia and china have signed a $400 billion dollar oil deal. russia's gazprom will supply natural gas to china through a new pipeline for the next 30 years. futures traders are already factoring in

lorillard shares are down again.f reports out there about this coming consolidation between reynolds and lorillard. from what i can tell you in my reporting, complexity. the deal moving perhaps, you know, in terms of certainty and/or timing, i got a lot of pushback on both. >> right. >> meaning not as fast as might be portrayed and certainly not as certain as might be portrayed. but we shall see. there does seem to be a desire certainly for there to be consolidation. you brought up e-cig. >> right. >> menthol, they would be huge, that combination. so you would expect there would have to be divestitures. that was the basis of my report on the 29th about reynolds looking for divestitures of menthol brands ordered to move ahead and not face greater anti-trust scrutiny. some believe regardless given market share and cigarettes, versus m.o., it would be significant. >> is there a public policy incentive to let the deal go through as opposed to blocking it because you want price competition. in other words, if you're like

talks to buy lorillard. that is the story. our own john brought you months ago. he's got the new details. our traders are tim, pete, karen and brian. finding growth outside of the united states. netflix expanding. google. what countries with investors look at for opportunity right now? am ba ambassador, where are you looking? >> china. every u.s. multi national you hear, nike, you name it, i'm going to go with starbuck's. it has the most opportunity to grow. tea versus coffee, you have got coffee less than 1% of the hot beverage versus tea. they're going to double their growth in china and see their sales continue to grow 20% to 25%. especially if they're doubling stores. this is a story where starbuck's who is still 90% u.s. in terms of the revenue stream and not emerging, this is really excite. >> and those quarters are backward lurking. if we are to believe the forecasts are correct and the housing market is going to decline, housing sales will be up only 5% compared to last year. will the chinese consumer still buy a latte with double froth. or whatever the h

i would say you're probably okay in investing. >> lorillard down 5%. >> the deal speculation may not be as close as previously thought. that's what knocked the stock down. this is a great brand. decent valuation. you got a great dividend as well. >> mr. wonderful. pop for darden up 2%. >> angry at the red lobster sale. in this name, i don't think you get hurt if you're long. but i don't think you are going to make a lot. you may want to do with options up a bit. >> pop for 3d systems up 8%. >> i love the product. they made those little bags for you. the stock was up saying it is atrackively priced here. i think not. it's lower. >> a drop for abercrombie and fitch's club vibe decore. it is used for years to attract young shoppers. new window displays will bring back the teens they lost to fashion retailers. >> so microsoft took over that vibe. >> right. >> that's a great song by the way. it's eddy murphy's "party all the time". >> i halt that song. that's the worst song in the planet. now back to hp. estimates, a slew of job cuts coming. the call about halfway through. the latest with

lorillard owns 50% of the vaping business, the ecigarette business in the u.s. that's what this whole transaction is really about. it's the ecigarette, vaping trend. >> flavors. >> where are we on whether -- and the other big issue is that the fda has not come down yet, it's unclear on where they stand on ecigarettes. where does everybody here -- >> i can understand it if you want to quit smoking. >> in certain cities in america it's becoming an entirely new trend. >> i always can, i can argue both sides. i don't understand why someone would want to deliver nicotine as a drug. >> i don't either. >> we all are addicted to caffeine. i drink coffee every morning. if people for some reason feel good after nicotine, and this is a way -- if it doesn't have all the carcinogens of smoke -- >> right. >> and it tastes good. have you ever been to a hoka place? there are different flavors and stuff. >> the flavors are weird. that's a way to try and lure kids into the whole thing. >> i don't know why. it's gross. people are fixated in the oral state. there's something about

. >>> and rentals america is reportedly in active talks to buy lorillard. that proposed deal would combine the second and third largest tobacco companies in the united states. the merger buzz sent the numbers to $62.63. reynolds america was up to $67.70. >>> tyler sat down with bill mcnabb, chairman and ceo of vanguard, and asked him what investors are doing right and not doing right with their money. >> if you look at investors broadly, you know, one of the really promising trends we've seen is more investors are beginning to look toward what i will call a total solutions approach to their investment needs. and you know the best evidence of that is the -- the take off in target-day funds, so today, the vanguard administrators, 55% of participants now use target-day funds. and as you know those are verbaled funds that are continually re-balanced, and they expose the investor. that is a positive trend, now it is not everywhere. there are still investors on the market who pay too much attention to short-term performance. and you will see that in the data. so

lorillard makes e-cigarettes. the main question, $22.5 billion market cap for lorillard.appen if. >> i think things are getting a bit shaky. with the stocks moving around like it has in the past days, there is a component of this deal when you put it together. that changes valuation. i would say things look very delicate. >> what would it mean if it goes through for this space? what about regulatory concerns? are those legitimate concerns? are those legitimate now that there are so many different kinds of e-cigarettes out there. we're talking about pot coming up. that issue as well. >> yeah. look, you're going from three to two. that's happened with beer. i think in this environment, yeah, it probably can happen. the beer in question is whether or not you have got bat involved. bat owns 42% of reynolds. according to my sources, they are looking at participating in this deal. the end of july it will become easy for bat to buy more of reynolds. >> is that going to affect the timing? >> i think it could. i think the talks have been choppy along the way. my sources tell me lo

you know, i like the company lorillard net of the e-cigarette brands. anybody buying apple or facebook or twitter. >> generally by the time these are buzz stocks they are often driven through a premium level of valuation which makes them less attractive. >> can be a great can be but if it's not valued well. >> several years ago when i seconded visa it had classic growth characteristics. >> i'm sure you use facebook or twitter or any of the hot stocks. >> i'm more of a base value guy, and, you know, those investments don't excite me in that game. i look for more of event driven type of investments. >> i love that. >> thank you, gentlemen. thanks for sharing what's in your portfolio. best selling author of "capital," the most talked about book out right now, don't miss joe kernin going at with it him. he's really been the pinata. >> look forward to that monday morning on "squawk box." 18 more minutes in the trading session, down a fraction on the dow. looks like it wants to come back and the s&p is starting to move higher. >> the nasdaq has emerged as a c

reynolds american is in talks to buy lorillard. combined company would be number two in the industry that is led by altria. largestne group is the landlord of single-family homes and now a starting a company to buy apartment buildings. the properties were valued at $2 billion in the head of the units as blackstone is constituting an urban areas where there is not much new construction. carnival cruise ships are going greener. they will spend up to $400 million on new exhaust heating systems that will allow carnival to meet air pollution standards for u.s. coastal waters. this is thailand and the military coup that we are following now. you see some of the emotion. >> it's frightening. coming up, mcdonald's is planning to hold a shareholder meeting today. protesters are causing some trouble outside company headquarters and we will talk about the fight for higher wages in the fast food industry. that brings us to our twitter question of the day -- this is "bloomberg surveillance," on bloomberg television, streaming on your phone, you

reynolds american which is the maker of camel cigarettes is said to have explored the purchase of lorillard for months but apparently the efforts have been stymied. those talks are said to have fallen apart on several occasions. and that's a look at some of the top headlines at this hour. back to you. >> thank you very much. we noted earlier that hewlett-packard had quarterly results. what stands out to you in this hewlett-packard report? >> the job cuts certainly a big deal. terribly disruptive and horrible situation. but i was actually impressed by the fact that the company had a lot more profitability out of fallen revenues. revenues down for the 11th consecutive quarter on the year over year basis. but only down 1%. and profits, the net income dropped 18%. so that shows that they're getting a little bit more traction in the places they want to get it. albeit with fewer revenues. >> i was going to say, falling revenues, falling profits and they're slashing the work force. if you take away the word h.p. from that, you could apply that to companies and come out with a different -- you woul

industry getting together, reuters is reporting reynolds american is in advance discussion to buy lorillardciting sources, but look at the shares, the spike to the right-hand side of this stock up 10 and one 3% in the past couple minutes as soon as this news broke. we have the closing bell ringing in less than five minutes, so stay tuned. big move, big story and we will have more on this in a second plus we talked to former fed vice chair. believing there is a deep division among the ranks, but what does that mean? is it something to worry about? coming up live on fox business. cars are driven by people. they're why we innovate. they're who we protect. they're why we make life less complicated. it's about people. we are volvo of sweden. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. liz: david asman joins me on a big day. david: i think dudley's rally from yeste

. >> lorillard, still buyable. still has much room to go to the upside. smoking them. >> pete najarian, party pete. >> we talked about unusual activity in metlife. you also see a single digit multiple on this when you look at it forward and the stock is trading right near these levels of right around that 200 day moving average. i think it's going higher, i think it's breaking through. that's why we saw the option activi activity. >> we want to say a special thank you and farewell for now to our page victoria does done a spectacular job at "fast money." we wish you the best of luck in our next endeavor. there she is. yeah! that does it for us on "fast money." catch us back here at 5:00 p.m. eastern on monday. "options action" starts right after this break. have a great weekend. i make a lot of purchases for my business. and i get a lot in return with ink plus from chase like 60,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with i

when steam ship subsidies did not work and the transition and lorillard subsidies did not work , then we have a political party and is accountable and weekend collected somewhat for congress. the reconstruction finance corporation set up in 1942 under ever changes the game because now you have a large amount of money that will be ever increasing. congress will vote on increasing appropriations. they can pick and choose who they want to subsidize and him not to. now, part of the problem is the subsidies have not work thus far in u.s. history up to the economic development subsidies, up to the repression non-partisan decisions. immediately the become partisan. one of the biggest ghost of charles ross, former vice president of the united states and the coolidge and head of the reconstruction finance corporation who resigns one week later to receive a large subsidy for is bank of chicago which failed anyway. we have the politics of the are of see, the reconstruction finance corporation become quite intense and the secretary of the interior gets a loan for his bank, that of the republican

sources say reynolds and lorillard are in advanced talks to combine in a deal that would create a powerful to industry leader altering a, the potential takeover would combine reynolds cigarette brand such as camel with the new type telling menthol cigarette and chinese jd.com. began trading on the nasdaq today. we had to that floor coming up next. [ female announcer ] who are we? we are thinkers. the job jugglers. the up all-nhts. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. turning dreamers into business owners. if ...hey breathing's hard... know the feeling? copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder d

reynolds american and lorillard, the number one e-cigarette company, this would really be an e-cigaretteging all of its users to change its password. 145 million in a data breach, could be the biggest data breach of all time. >> how is it not on the credit cards? how could they be sure? >> you know, what ebay says and what a lot of these companies do is when you type in your password, which for you is probably something like bria brian123, something like that, it's encrypted. but if hackers are good enough to get into the system, you think they'd be good enough to encrypt the information. and watch this space. i was doing these type of stories, data hack, privacy stuff. >> just the beginning. i'm going to have to chang my password now. >> naked on a bike? >> oh, no. i won't do that. don't one night of williams. >> did it go to williams? >> it did. >> data breach. >> brian sullivan, thanks. >> what happened in the pool that made the kids unable to be in the water? the story behind this terrifying scene. what's going on? we'll be right back. passion... became your business. at&t can help s