mondelez is top of that list.has the international exposure, strong brands, synergies with cost cuts. according to investors, hedge funds the deal makes sense the as for the timing now, the reliability of this german language swiss magazine -- >> odd source. >> kind of hod odd. seems like it's being watered down. >>> our top trending stories. jimmy kimmel revealing how much he's getting paid to host the oscars this year. yesterday the talk show host saying he will make $15,000 for the gig. kimmel adding, you know why? i think it's illegal to pay nothing. we're surprised at how low this is, is that right? >> i'm surprised he admitted how much he got. >> i think $15,000 for one night's work is a hell of a lot. >> it's great exposure. how cool is that to host the oscars? i would do it for free. >> this story implying it's too little? >> people are surprised. he makes 10 million a year. >> 15,000, i'd do it. >> the term brexit officially being added to the oxford english dictionary. it's defined as the proposed withdr

that's the stock of mondelez.ooling off after the potential target said it has not heard from kraft-heinz about potential takeover. the stock up about 3% in trading. mondelez said there is no reason to believe there's truth in the report. officially neither company offering a comment. >>> hours after uber began picking up riders in san francisco in self-driving cars, california regulators ordered the pane to shut don't pilot program. the state department of motor vehicles says uber must get a permit to test autonomous cars on public roads or face legal action. the dmv issued permits to 20 companies, uber is not one of those companies. uber says it cars are not truly self driving because they need a driver to take control of the wheel if needed. it is familiar with legal action. >> in pittsburgh, they got permission. this is different. always question whether technology or government, who is -- chicken or egg. whether the government can actually catch up to the technology. >> they ask forgiveness rather than permis

mondelez was split off from kraft in 2012.delez initially rose 10% and extended hours after, ending the regular session down a half percent at $42.83. >>> and shares of express scripts didn't expect the trump presidency to impact fiscal 2017 forecasts. shares dropped 3.5% to $70.52. >>> department of justice reportedly filed the first criminal charges in its generic drug price fixing probe. as first reported by bloomberg, the agency accused two former executives from privately held heritage pharmaceuticals of colluding with other generic drug makers to fix prices. these are the first charges stemming from a two-year investigation that involved more than a dozen companies. >>> pharmaceutical executives are meeting in washington to discuss one of the most pressing issues in health care. rising drug prices. finding a prescription for the problem is complex, and as meg tirrell reports, industry leaders are preparing for a lot of change under the new trump administration. >> reporter: the price of drugs has been a key issue weighin

of course you're a board member at mondelez. you believe in the free market and you as an investor want to see the companies do what's best for shareholders, which typically means getting margins up. >> right. >> if staying in the u.s. is not the right thing for shareholders or your cost of goods is going to be higher as a result of staying in the u.s., don't you want them to move? >> yeah, but david, a lot of those jobs that were cut were not in america. there were lots of jobs cut all through europe, through asia. i mean, we were fat. and they needed to be cut. and thankfully they're gone. and i think as a result we will grow faster and we will hire the right kind of people, productive people. they're going to help the company move forward. when you cut, you better be growing. >> right. >> it's not just cutting for cutting. it's cutting to get growth and have the ability to hire more people. >> no, i understand that. and there can be a time when there's too much cutting. >> that's correct. >> some people say heinz, where you o

. >> mondelez. >> it is. can we look at it? let's talk about that.u know the company well. >> you know the deal story well. can we believe this german language swiss news report that came out yesterday? >> no. >> shares are up a lot. way off of the highs. >> disregard it. bollans, a german language swiss magazine. >> do you have a monthly subscription? >> i do. i do read it in the german. i prefer that. mondelez, as you know, will come up time and again as a potential takeover candidate for kraft-heinz, which will be an inquisitive company. has already been, of course, first heinz, then the kraft deal itself. 3g raised a new fund recently. maybe 8 billion, 10 billion. w where they end up in the number is not as important. it doesn't mean the presence of that new fund of 3g is connected to what kraft-heinz may do. the two could be separate. 3g guys going after a new vertical. >> so you don't buy this? >> no, i can tell you there's nothing factually going on right now between kraft-heinz and mondelez. doesn't mean they won't be a deal at some point or

. >>> 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 may have unnerved some people. we're still thinking we'll get two hikes next year rather than three. there's a risk that it's quicker. from this level, i think it's okay. we're starting from very, very low interest rates, even bond yields, despite the back up to 250 on the ten-year and u.s. treasury, these ar

mondelez down 11.s down 10 since the election. >> all of them big international companies. 75% or more they sell outside of the u.s. look at what is happening interest rates. >> big dividends, right? >> all getting crushed. there are three of these other companies. we could go on and on, but a lot of household names. >> i think it is the dividend being competitive with rates. rates going up much more so than trump has beef with, like, mondelez. >> of course. i think -- when cramer was sitting in chemy's chair, suggesting some of the stocks, your chair, for this moment, for the next minute and a half, that some of these staples have gotten hammered to the point where they are now attractive. >> the problem is that most of them trade about 20 times forward estimates and the long-term average is about 19 times. they're not super cheap. that says, i do own mondelez. 3g comes in, they're going to buy somebody. i don't know who it is going to be. >> you don't think that ship has sailed? >> no. if they come i

reuters is now citing sources saying that mondelez says the reports are untrue.t. if you look at the after hours session, you can see the gains have come down. their stockstill trading higher, but less substantially than we thought before, melissa. >> jackie deangelis, thank you for that. at first blush, it sounded ridiculous that a report would get back together after breaking apart. >> well, it's idiotic, if you think about it. although mondelez is the international arm of kraft and has grown dramatically. that's where all of the growth is. you can make an argument saying the same formula that worked for a lot of the companies, and cutting costs. nels nelson peltz, bill ackman, a lot of people involved. >> we're going to go to julia boorstin talking about how cord-cutting can cost you more money and that can be good news for some stocks. julia, what's the story there? >> well, that's right, melissa. cord-cutting isn't happening as quickly as expected. and the number of consumers who plan to stick with their cable packages is actually on the rise. >> what we fou

hershey rejected a $23 billion takeover from mondelez in august. this move was widely expected.he was the number two and has been with the company for more than ten years. >>> when we come back, shop until you drop. we'll talk holiday retail and the prospects for the consumer in the new year. >>> and continuing to monitor the dow 20,000 climb as we head to break here. here's a look at the companies adding to the index since it hit 10,000 back in 2009. apple, united health, goldman sachs, nike, visa. those stocks added to the dow. at&t, alcoa, hp and kravft have been removed sense 2009. you're watching "worldwide exchange." >>> welcome back to "worldwide exchange." with just a few days left in 2016, cnbc is breaking out its traditional 2017 playbook. today focusing on the retail sector. here is courtney reagan. >>> retail was all about online shopping in 2016. and in 2017 it may be all about leadership and policy changes. here are three predictions for the new year. long-time macy's, starbucks ceos have announced they're retiring next year. they won't be alone. as the pace of cha

mondelez seen as a leading contender.ood and beveragemakers look for brands that are resonating with younger consumers. >>> if you look at performance of some consumer staples companies, it was on a roll in early 2016. >> absolutely. >> considered -- >> everybody wanted campbells soup. everybody wanted all these consumer products companies, because they were things we used all the time and paid these hefty dividend yields. >> we had super low interest rates that kept getting lower. they were defensive. it was a risk-off environment. look what's happened since. they have sold off, since the election have not participated in the post election rally as much as other sectors. why? interest rates have risen. we've seen not only the fed raise interest rates, but treasury yields go up. that makes these dividend pairs less attractive. they're not growing. >> right. >> that's the problem. that lack of top line growth set to continue into next year, which is why i predict more m&a, more cost cuts, and more strategies to try to tap

more than 10%, and we're getting reports out of a german magazine that there's speculation that mondelez is a takeover market by heinz. i'm not sure if that's true or not, but you can certainly see looking at the chart here that this stock is moving on the news and worth bringing to your attention. back to you. >> nearly a 10% gain, jackie. thank you. >>> stocks getting hit today but the dow has rallied still about 8% since the election. it's about 200 points from 20,000, and we'll hear from somebody who says history indicates it will hit 40,000 under trump's presidency. also the financials have been a big catalyst behind the record rally. coming up, two top financial analysts tell us whether you should still be buying the banks. you're watching cnbc, first in business worldwide. and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more

mondelez and hershey, that didn't happen as well, sara's favorite. but what about next year?t the animal spirits we've seen? what about the confidence of ceos in a less regulatory invasive environment? listen to a guest i had a couple weeks ago runs investment banking at goldman sachs. >> the forces of consolidation in many of these industries a are -- in some cases integrating growth and opportunity to expand whether it's overseas or deepening penetration in certain markets. so those forces to me are continuing to move forward. now i think ceos and boards are starting to feel more offensive minded and thinking about the opportunity to be more on the front foot if we get a bigger growth opportunity, we get tax reform, we get infrastructure spending package passed in washington, you may see a more offensive mindset. >> could be a year for very big deals with the belief of course that an antitrust administration under trump will be more forgiving. but we don't know. there's populism mixed in there and that could rear its head in certain ways. >> also job losses mixed in there.

some of the biggest laggerds here, kraft hooieinz, mondelez monster beverage. >> thank you very much,organ brennan, over at the nasdaq. got to keep our eye on that one as well. dow, 20 point as way from the 20k. bob is watching this all from the floor today. good morning, bob. >> good morning, carl. why are we up today? no specific catalyst happened today, no specific news event, economic news, macro event that you can point to. confluences moving the markets, number one, seasonally a very strong period of the year, the last two weeks of the year. it is well known, well studied historically, the dow tends to move, on average, 1.6% in the last two weeks. that's a very powerful move. it's up most of the time, more than 70% of the time. so there's number one. traders believe things are going to go up. number two is this powerful momentum we have been seeing since the election, that this believe in a combination of tax cuts, less regulation and a massive stimulus program of some type is going to translate into a better economy in 2017. some are arguing 3% gdp growth is possible and, more

mondelez is seen as a contender.rands, ripe acquisition targets as food and beverage makers look for brands that are actually resonating with younger consumers. and by the way, ever since the election the trump rally has not included the consumer staples industry so much, not considered as attractive in an era where interest rates are rising and so are treasury yields. david, ended on the m&a note just for you because this is an industry that continues to be ripe for acquisition, as they struggle with finding growth. >> it's true. and there have been no shortage of potential rumors through the years and i'm sure we'll get them in 2017. one thing i do wonder in a trump administration far an acquirer of u.s. company where there are going to be job losses associated with it, does that raise any flags? or is it going to be no holds barred in terms of antitrust? >> right. the deal this year deknonone bug white wave. >> we did. >> i wonder what's going to happen with coca-cola? >> why? >> maybe nothing. >> a new ceo. >> ye

dean foods, mondelez. so you have got some gains there with dean foods up more than 3%.day percentage gain. want to show you that one as well. get you back now to "varney & company." ♪ stuart: hey, we're going up again. we're 83 points higher now, 19,879. we're is 119 points from 20-k. please look at this. microsoft reaching $63.22 a share. ♪ i do own a small amount. okay. >>> a professor at a california college caught on tape calling trump's election win, an act of terrorism. listen to this. >> the vice president is one of the most anti-gay humans in this country. and so, we are in for a difficult time you but again, i think that we can get past that. our nation is divided. we have been assaulted. it is an act of terrorism. one of the most frightening things for me and most people in my life is that the people who -- are among us. stuart: bring in larry elder, salem radio nationally syndicated radio host. by the way, larry, the student who videotaped it professor is being threatened by teachers union. what you do you make of all that? >> that's right. welcome to califor

liz: bloomberg cited a swiss magazine saying there was a merger between mondelez and kraft.eople close to kraft say the merger is not on. stuart: yahoo there will be was an announcement yesterday that came quite as a surprise. yahoo stock is down 3.5%. the story is, a billion account holders and yahoo users have that personal information hacked. we didn't know about it until yesterday. liz: then they can go into your computer at will. they don't need your password. they left cookies on your computer. >> it's called high phone. it would get you from san francisco to l.a. in 30 minutes. the ceo of hyperloop transportation technology. why the delay? is there some problem with the technology? >> well, we started roughly three years ago and built prototypes and made agreements with governments. we are getting ready to build the first full-scale passenger system. i wish more technologies would move at this pace. stuart: i have been told there are frequent delays. have you broke ground on the project? >> we filed our building permits. and doing the environmental studies here in cal

reporting has shown that they are not in current talks shares are higher today -- mondo less -- mondelez shares are higher today. vonnie: i guess it is the old story for this fire. that is julie hyman at the bloomberg markets desk. let's check in on bloomberg first word news. courtney: representative ryan think -- ryan think he -- ryan zinke is the pic for secretary of the interior. confirmed, he would oversee policy on a range of issues including federal land usage, national parks, and fish and wildlife issues. senate democrats have unveiled legislation to require donald trump to sell his businesses and put all of his assets in a blind trust. among the lead sponsors, elizabeth warren who said the public needs assurances that donald trump will "do what is best for the country, not using his office to do what is best for himself and his businesses." russia's military says more than 1000 people who have been -- wed to leave aleppo they will travel to rebel controlled territory and drones will be used to monitor their progress. the president says "history is being made with the defeat of in

it's owned by mondelez, the big company. they've moved jobs to mexico from their chicago facility.owever, fox business spoke with nabisco and said, look, going down the line and in future we will be happy to talk to the obama-- the obama administration, they'd be happy to say goodbye to the obama administration and say hello to the trump administration. in other words, willing to talk. so another example, perhaps of donald trump saying, look, keep the jobs in the united states. stuart: and-- >> the companies lining up at the white house to get special breaks in return for giving trump good headlines. this is not what's going to get you to 20k. you've got to broad base reforms not individual company deals. stuart: all right, i heard you. [laughter] how about nancy pelosi? now, remember, please, her party lost 63 seats in the house of representatives and 12 governorships on her watch. she has been reelected house minority leader. trump's senior advisor kellyanne conway tweeted this about the democrats after pelosi's win. what a relief. i was worried. [laughter] i was worried they had

hershey rejected a takeover offer from mondelez in august. and micron beat demands.ond quarter earnings to come up well above expectations. that stock is rocketing higher by 12.5%. shares of actelion surging. it is now in exclusive discussions. reports say the deal could be worth $30 billion. >> mike rcron is unbelievable. >> it is. >> it's so volatile. >> for a commodity business. >> over the years watching that thing, wow. strap yourself in. >> and now coming back apparently. >>> now back to the markets. joining us for the forecast for what's ahead, joe seidel is richard bernstein portfolio strategi strategist. ed campbell. we got gdp coming out revised or whatever and durable goods. even when there isn't a new president, we look at these sort of rearview mirror type numbers. so are they even less relevant for -- you know, when they come out today, any reason to even talk about them considering that we've got a new president and are looking ahead and wondering what's going to happen? >> well, any new news is new news and its will impact the market. i think if we ge