you can see mediaset shares now higher by 5%. >>> sanofi is in deal talks with actelion. a deal could value actelion at as much as $30 billion. this after johnson & johnson bowed out of the bidding as it was reportedly not willing to meet the necessary price tag. after j&j's announcement, actelion said in a statement it was engaged in discussions with another party without giving further details. >>> and monsanto shareholders have backed the buyer deal, the still requires regulatory approval to close. donald trump's election has raised questions about the outlook for large mergers, but chief executive hugh grant says his view has not changed since november and he has not engaged with trump's transition team about the deal. >>> we'll be back after this short break. check out or world markets live blog. it runs throughout the european trading day. we'll have uk unemployment data straight after this. >>> good morning. welcome back to "street signs." i'm nancy hungerford. these are your headlines. >>> investors in europe shrug off the records reached stateside with the dow re

. >>> shares of mediaset hit a 16-month high after vivendi increases its stake yet again. but the italian media group warns it will take all measures necessary to defend its assets. >>> good morning, everybody. good morning. kind of christmassy. >> i know. we're trying. just a few days to go. hard to believe. >> i'm not one of those with the sweaters with rudolph's nose popping off. >>> missed that day here. >> i did, too. >> i have a few in my closet. >>> wrueuropean equity markets, just a bit lower. we hit an 11-month high yesterday on european equities what goes up must come down. what goes down must go up. today just drifting. when it comes to the main european equity markets, slightly mixed trade. the ftse just bucking the trend, hanging on to slight gains. these markets i call them flat. a bit lower by a half percent on the ftse mib. it had bucked the trend on the upside at the open, then heard that bmps has less money than we thought. that tends to be a bigger story today. we'll get on to that in a second. i want to show you the sectors out there. you have basic res

vivendi said they are raising their stake in berlusconi's mediaset taking its holding to 20%. the move prompted carlo calinda to warn the conglomerate against a hostile takeover of the italian media company. the french media group built up its stake this week from an initial 3%. shares off about 7.5%. >>> mondelez shares spiked 12% in extended hours trade amid speculation that kraft heinz is looking to acquire the confectionary company. mondelez stock has since pared some initial gains after reuters reported it has not received an approach from kraft. mondelez has been under pressure from william ackman to speed up revenue growth or sell itself to a rival. >>> joining us now is head of european equity strategy from ubs nick nelson. thank you for joining us. we've been through fixed income, looking at the dollar, of course we want your view on equities. what is your reaction to the fed decision? i think it was clearly a move that was fully priced by looking at the futures markets. the move on the dots that people seem to focus on dramatically from two to three hikes next year m

. >>> vivendi has raised its stake in mediaset once again to 28.8%, amid italian concerns about the french media group's intentions. that's just shy of 30%, the flesh hold when a full takeover offer for all outstanding shares would be required by law. vivendi's ceo is due to meet with a regulator in rome today. >>> 2017 could see tech wars reach new heights with a spate of new gadgets slated to hit shelves. josh lipton tells us what's in store for tech next year. >> reporter: the nasdaq surged to new highs this year, and 2017 promises more fire works with dynamic gadgets, services and the cloud wars. first, google's head is in the cloud. the search giant controls just 5% of the cloud infrastructure market. in 2017 google will double that putting pressure on industry leaders like amazon and microsoft. second, trump doesn't scare cook. on the campaign trail, donald trump went after apple for manufacturers overseas. saying he wants apple to bring iphone production home to the u.s. that's not going to happen. the economics of bringing large scale low skill assembly line work back here don't ma

. >>> and vivendi denied it is planning to take over mediaset after upping its stake in the italian broadcaster. they told the italian newspaper that the move was not hostile and that vivendi has a long-term interest in media sets. vivendi's ceo said the company would launch the takeover bid had it wanted to, but he declined to comment whether it would do so in the future. >>> and praxair and linde are closing in on a deal for their $65 million merger. it could be announced as early as wednesday. initial discussions collapsed in september you might recall. linde revived talks after praxair provided new assurances over jobs. they created the biggest oil and gas company. linde denies the reports. >>> and braas monier and standard industries have been involved in a legal dispute. but standard industries prompted to reach a merger deal out of court instead. >>> and this weekend in madrid some 10,000 runners dressed as santa clause or his elves taking part in the annual fund-raiser. that's a lot of santas. the sea of red ran through the streets of the spanish capital to raise money for spain's multi

. >>> vivendi will continue to buy up its stake in italy's mediaset. before investors have to launch a takeover for all remaining shares. the french conglomerate said it has followed and no further details were disclosed. >>> lloyds has agreed to buy credit card business mbna from bank of america for $1.9 billion pounds in cash. the deal will be funded through organic capital generation. the accusation of around 100 million pounds and expected to close during the first half of 2017. >>> and euronext is in talks to buy french regulated subsidiary. the talks are being held to proactively address anti-trust concerns previously raised by the european commission with the london stock exchange. >>> and chemchina has took over for syngenta. the state-own company is seeking approval for the deal from the european union. excuse me. early last month chemchina extended its offer for the syngenta group unit till the fifth of january. >>> steven isaacs is still with us. steven, as we were heading into break you said you're calling the top of the market. >> let's ju