vonnie: talk about mna cross-border and domestic china.usly, cross-border is seeing more scrutiny. does that slow down to a halt? on the other side, do we see ine in the day -- more m&a china being taken up by the government right now? guest: cross-border there has been a slowdown. there is less interest, both from a central perspective from the government in china. there is less of a push to expand overseas. -- on thetic market domestic market, this is very state-controlled. there might be consolidations in the property sector. there might be consolidations on the retail sector. real impetus for a lot of, day -- a lot of mna at this point. vonnie: so bank consolidation wouldn't help the inking industry in china -- the banking industry in china? .uest: it may or may not is slightly slower to do that, but china hasn't done that at all. if you look at how the command-and-control works, it did have all of the levers of power, so they controlled the reserve ratio sector in the mainland. vonnie: guy: thank you vonnie: --vonnie: thank you. is bl

incorporates, eli lilly's mna sale, tapping the investment grade market for $4.5 billion and offerings many as four tranches. in china, fortune land sold over half $1 billion in two-year bonds. it has been selling debt at its fastest pace in three years. the appetite for all things china and em quite remarkable. let's pick up where we left off. the situation in china and why we are still seeing such resilient demand for some of these chinese debt issues. >> it is pretty remarkable. it is early in the process. i think hard currency, china has roughly $1 trillion of financing to do in 2019. the atmosphere post the fed's dovish turn is not surprising. i don't want to make too many judgments about how successful it is going to be throughout the year, because it is going to be drip, drip, drip. a the macroeconomic environment will play a part. i have concerns. just the share size of issuance is a concern. jonathan: the market has moved ahead of the economy. the market and the believe that the data will come to validate the price action because the chinese stimulus will work. you have doubt

here's talking about mna, cbs, you're selling a call that you own for 1% of the stock price?on, buddy. >> wow, okay, yeah well, first of all, take a look at the strike, a $60 strike versus a 70-odd dollar strike. we're both selling premium around the same levels the other thing is this is a situation we've identified a specific area of resistance. we're trying to keep that options premium that we're spending the extrinsic premium is down. $3.30 option, that's not all extrinsic premium. we want to think about that as a function of how much out of the money premium we're spending this is getting a little wonky but it's an options show this is the idea here, we're trying to mitigate some of the decay the option has, mitigate some of the downside risk the stock has, and identify essentially an area we would be looking to exit at if we get this right, a 20% move to the upside, pretty strong. >> i think guy's valuation call, for the potential catalyst, makes a lot of sense to define your risk makes a lot of sense a lot of the bad news is in the stock but a lot of uncertainty i like

pfizer came out and said they were interested in big and many --the moment -- and a day mna at the moment it is the middle option, how realistic is that? i think it is unlikely that you get the value. that will be a very sort of everything to undertake. also, even need a fairly substantial position in bristol to do that. we don't know the size of their investment, but you have any sort of leverage over a company like some buyers, you would need to be extraordinarily large. the stock is busy at the moment. they have also announced for five other position this year. it is just a question of whether they would actually have the capital leverage over a bristol. vonnie: we're talking about ebay and lots of other companies. what will he do as chairman of papa john's? you enact changes the and get out of the top? ed: he is not going to get out of the stock quickly. this is a company that has through a major trauma. you look at what has been going on with the founder led, and that awful things. they try to sell them all and that didn't work out. that love relatively recently. i think dismissal tr

do you think you would do anymore mna like that in germany?t: our forecast is more disposal than acquisition. it was a unique opportunity. [indiscernible] reporter: so it needs to be very unique. guest: yes, in particular when our priority is to build capital. part of the plan just announced roadmap towards the cost ratio. the priority is more than acquisition. again, it was a pretty unique opportunity. vonnie: that was the society ralerali -- societe gene ceo speaking with bloomberg. guy: rbs shares currently under pressure. the u.k. government is considering trimming stake in -- injected ejected 45 billion pounds into the bank, and as a result currently has a 62% stake in this institution. is the shares are down probably, if they were to be put out to market, would probably be done with some sort of discount. you would have a discount attached to the shares coming to market, and as a result, the market is already starting to price it in. obviously you have brexit coming up and other factors likely to diffuse the situation a little further. r

creating an entire industry that exchanges cash for stickers, t-shirts, even socks thatij come with mna products as a gift. >> i don't see a problem with it. >> reporter: rollin says he doesn't frequent or host pop-up s, but last month, he was arrested while standing outside of one in a building he owns and eventsout for >> 20 to 25 police officers stormed the building, gunsdr n. it was terrifying. >> reporter: police also wo arrested the t women inside setting up for the party, but prosecutors have already dropp those cases. the i-team found that's not uncommon. we tracked down records from more than t dozen pop-up events and followed every case through the courts. out of 255 people charged, the i-team found exactly three have gone to trial. >> marijuana prosecutions in the city have always been very eenient. >> reporter: polhief told the i-team he wasn't surprised to learn prosecutors dropped 18180 cases. >> reporter: when 80% of your cases are smissed, it's got to be frustrated. why continue to have officers spend their time rding those parties? >> if you're gifting it on a large sca

prosecutors say they support the police efforts but there's a higher legal standard for prosecution.ij >> mnarosecutions in the city have always been very lenient. you know, a lot of them -- they don't pursue a lot of them. >> reporter: tonight on news 4 at 5:00, we asked the police chief what's the point o t continuimake all those arrests? plus, proposed changes to the law that could put a stop to all of this. >>> good morning. i'm frank holla at cnbc headquarters. the budget-friendly feature puts riders in the same vehicle to split the cost of aride. and won't be subject to surge pri pricing. it requires riders to walk to a designated pickup spot lyft hasaid about 30% of its rides are shared. with your cnbc morning business report, i'm frank >>holland. thank you. >>> 5:56 right now still ahead, a local elementary school learns a lesson after a black history month exercise made a lot of people angry. >> we'll explain what was done responded. school >> plus, we've been showing you how to clear the clutter. but have we met our match? jim hanley lets us put a cleaning method to the test on his

i think, david, this is your field, i think a significant percentage may opt for an mna route if that's feel about that but it's definitely an alternative. >> i don't have a feeling any way or the other thank you. >> pleasure. >>> we'll be back in less than three minutes. the dow up and the s&p is as well stay with us ♪ ♪hold on, i'm comin' ♪hold on, i'm comin' ♪hold on don't you worry,♪ ♪i'm comin' ♪here we come, hold on♪ ♪we're about to save you i'm comin', yeah♪ ♪hold on don't you worry,♪ ♪i'm comin' figuring it out... not that fun... and like my dad, you might want medicare supplement insurance, too. uh oh, more research. no big thing. not with this website. unitedhealthcare insurance company created aarpmedicaresupplement.com to help make your decision easier.. with answers to important questions about aarp medicare supplement insurance plans, insured by unitedhealthcare insurance company. like how this type of plan, also called a medigap plan, helps pay for some of what medicare doesn't. and how aarp medicare supplement plans are the only ones endorsed by aarp. selected for meetin