and there's more at stake for monsanto than just the weed killer.any of the company's genetically modified crops are immune to roundup. jeffrey stod is a professor at cornell university. >> it's toxic to nontoxic to anything not >>> each year, more than 2 billion tomatoes are sold around the world. but it's been cross bred to grow bigger and last longer. but at what cost? david begnaud has the story. >> reporter: a lot of people have been telling us they just don't taste like they used to. but now you have a team of researchers in florida who say they think they can change that. we went to gainesville to meet them and see exact think what they're up to. >> so this one here actually is a great example. this is an old variety of tomato that was commercial 100 years ago. >> reporter: harry klee has been researching tomatoes and their disappearing flavor for more than two decades. >> all we've done between now and then was to add water to this fruit to make it bigger and bigger. to be commercially viable. big and hardy, but not necessarily tasty. >> the

it wants to have its takeover of monsanto. bayer signaling today it may face delays with regulators pressing for more information even as it reader writes plans to complete the acquisition by the end of the year. the earnings report also showing the consumer care divisions failing to boost profits last quarter, leaving prescription drugs as the sole engine of growth. consequently, shares down by 1% today. in gdp today in the u.k., .7% growth in the fourth quarter, higher than the provisional estimate of .6%. the question is will this be the last her raw, trade consumer spending providing the biggest contributions, business investment falling. the big boost has been from consumers. will they continue as we get this lift up in inflation, squeezing real incomes growth forecast too slow this year to about 1.4%. quite a boost in fourth-quarter gdp, up by .7%. vonnie: it feels like we waiting for something to happen but has not happened yet. turning now to washington, the trump administration has outlined a sweeping crackdown on und

a buyer agreed to purchase monsanto.west, he is doubling down on airlines. i want to talk about procter & gamble. bank of america, if you look thess all the holdings, was company segal had a play the biggest increase in investment .rom these money managers - g.m.'s ceo is in germany on something of a charm offensive in order to win support for the sale of opel. >> it would be a real way and if he could get rid of these divisions. they have been losing money for general motors for almost two decades. last year, they would have been profitable had it not been for brexit. to out load opel inbox all. -- and vauxhall. hopefully they can use those economies of scale to boost margins. inc. wants to raise as much as $3.2 billion in its ipo. that would give snap a market value of about $18.5 billion. it would be the first social media company to go public since twitter, more than three years ago. what is the message from this company? >> please don't treat us like twitter, please see us as alibaba. when we think about ipo's, ther

they say they're confident of closing the monsanto deal before the end of 2017.is a business that is dominated by the need to raise more cash and finance their takeover of monsanto. they need to stay on a solid financial footing to refinance a $57 billion loan for the takeover of monsanto, the largest transaction in the company's history. they are seeking approval trump monsanto, prompting quite a stir around protracted antitrust in the u.s. and europe. away from the months and so side of things, there is the drug business as well. weaker over-the-counter medicines and agricultural product trends, we see that in these numbers coming out ahead of estimates. we will speak to the ceo of bayer live at 11:35 a.m. london time. the new edition of daybreak is now available on your bloomberg and your mobile. let's look at some of the stories that it made it into today's edition. we start with the u.k. political agenda. the cover story is theresa may's brexit bill, clearing his final lords.in the house of evers expressed discomfort with the blank check the current bill han

after a bayer agreed to purchase monsanto.nd southwest, he is doubling down on the airline. i want to talk about procter & gamble. nelson peltz's company took a stake there. bank of america, if you look across all the holdings, was the company saw the single biggest increase in investment from these money managers. >> gm ceo mary barra is in germany on something of a charm offensive in order to win support for the sale of opel. >> it would be a real win if she could get rid of these divisions. they have been losing money for general motors for almost two decades now. last year, they would have been profitable if it had not then for brexit, so she wants to unload opel and vauxhall. they can become the second-biggest carmaker in europe and hopefully use those economies of scale to boost margins. >> snap inc. wants to raise as much as $3.2 billion in its ipo. that would give snap a market value of about $18.5 billion. it would be the first social media company to go public since twitter more than three years ago. what is the mess

case on point, monsanto. i don't know how many people are aware, but there are farmers who are growing heirloom crops, and the monsanto seed were blowing into their field, corrupting their heirloom crops. the farmers tried to sue monsanto to keep their crop, their seeds from corrupting their crop. the farmers did not prevail. monsanto filed a counter suit suing the farmers for patent infringement because their seeds were blowing onto the farmers property and they were stealing patented property. what's even worse is congress has created regulations that protect monsanto from lawsuit, protect pharmaceuticals from lawsuit, making them have immunity from lawsuits for their product. once again the problem is not corporations, the problem is the lawless activity of congress, and when congress unites with corporations, you are not a constitutional republic, you are a fascist society. the second question, in florida, what powers are reserved to the state? well, a power reserved to the state would be to regulate this

medicine as the company works to secure approval for a $66 billion takeover of agriculture giant monsanto. the bayer ceo joins us here on the program at 11:30 u.k. time. facebook wants to stream major league baseball it is the latest sign that her personal sports teams are embracing social media as a way to reach viewers, as they struggle to adjust to massive changes in the way consumers view video. that is the bloomberg business flash. francine: emmanuel macron has told compatriots he is ready for a tough fight in the coming weeks yesterday. with just over two months until the first round of voting, one poll shows francois fillon ahead of macron, and back on track to qualify for the runoff. u.k. prime minister theresa may has won the first stage of her class with the house of lords. after about 20 hours of debate over two days, lawmakers voted to let the brexit bill move on to the next stage. she faces a fight to get the law passed without amendments. joining me today is the managing director and portfolio manager at pimco. you were saying one of the biggest risks is political europe. wh

the farmers tried to sue monsanto to keep their crops, their seeds from corrupting their crops. the farmers did not prevail and monsanto filed a countersuit suing the farmers for patent infringement because their seeds were blowing onto the farmers property and they were this dealing patented property. what's even worse is that congress has created regulations that protect monsanto from lawsuits from tech pharmaceutical companies from lawsuits making them have immunity from lawsuits for their product. once again, the problem is not corporations. the problem is the lawless activity of congress. and when congress unites with corporations you are not a constitutional republic, you are a fascist society. the second question, in florida what powers are reserved to the state? well, a power reserved to the states would be to regulate business. the problem is the creation of public-private association. that's when you have the government funding private industry because they deemed it to be a matter of public endorsement, like an airport. airports are privately on. your airlines are pri

monsanto. i know how many people are aware but there are farmers who were growing heirloom crops they word pooling in did fields corrupted their crops the farmers decided to sue monsanto to keep their seeds from corrupting their crops. the farmers did not prevail. monsanto for patent infringement because there's stealing panted property even worse congress has created regulations from lawsuits to protect pharmaceutical companies to have immunity from lawsuits with their product the problem is the of lawless activity of congress. hugh and congress unites with corporations you are a fascist. and in florida what powers are reserved to the states quicks that would be to regulate business. but the problem is the creation of public-private associations when you have the government funding private industry to be a matter of public endorsement . the airports are privately owned, airlines but yet your tax dollars are used to build them. the ada is the revenue pays that off the when the government can pa

are any of these challenges conquered by having a much larger footprint with the acquisition of monsanto? >> that's part of the thesis. some of it is addressed by scaling that business, getting it to category leadership position in crop science. the longer term play is diversification, higher value aspects away from sees into what i suppose is becoming digital farming. there's a huge piece on that. if the transaction goes through, then bayer has access to pieces of technology that they really don't have in their own crop sciences business. >> i thought the market reaction was curious. the stock was about 2%. some analysts saying there's no big trigger for the price action today. what do you think will be the catalyst for the stock price if we look over the next year? >> i think news drives the stocks. they're so big that companies of bayer's scale, they tend to trade within a fairly narrow band. any positive news or negative news pushes it within that band, you see these moves. i don't think there's much that will trigger it. i suppose it feels to me like a bit of an overreaction. this i

joe: one other company berkshire has taken a stake in, monsanto, jumping 1.3% after hours on the newse head to san francisco for the goldman sachs tech conference, where we hear what is next for the compan y's $1.2 billion stock buyback announcement. this is bloomberg. ♪ mark: first word news. one of the names floated as a possible white house national security adviser is former cia director david petronius. he resigned from the agency over an extramarital affair and later pleaded guilty to mishandling classified information. willer gets the job replace michael flynn, who resigned yesterday over allegations of an proper with russian officials. the justice department told the white house that michael flynn had misled them. the senate has voted to confirm linda mcmahon's nomination to lead the small business administration. she is cofounder and coexecutive of world wrestling entertainment. she enjoys the support of some senate democrats was easily confirm by vote of 81-19. the sba assists small businesses and entrepreneurs by providing government backed business guarantees on loans. the

trying to complete the takeover of monsanto by the end of the year.conglomerate is in good shape and expressed confidence that the acquisition would overcome regulatory obstacles. operation that's been growing above market for the last three or four years. we continue to see above moke it -- above market growth in 2017. we will profile the next wave of products that will reach the market in the next year to come. is,answer to your question we are not in need of an acquisition. amanda: they are said it will only seek approval for the monsanto deal in the next quarter after regulators there asked for more information. that's your bloomberg business flash. still ahead, what you need to know to gear up for tomorrow's trading day. this is bloomberg. ♪ amanda: "what'd you miss?" we saw the markets closed near records today, only the dow managing to surpass yesterday's numbers. and the nasdaq slightly lower. barclays announces earnings at 2:00 today. that's at 2:20 a.m. eastern. joe: i will look at the democratic national committee, beginning its meeting in

they say they are confident of closing the monsanto deal before the end of 2017. >> you have explodingyou are one of the few european companies with double-digit dividend growth. what you going to do with all your cash so that warren buffett doesn't call you after going down in flames with unilever. >> it is not up to me to comment on warren buffett's approach to unilever. we are of course a company with strong cash flow generation, but you hope also seen in 2016. but to be specific in answering your question, i was not called by warren buffett in the last 24 hours. >> tesla shares climbing in after-hours trading. the company reassuring investors some of his most types -- hyped products remain on schedule. elon musk says initial production on the model three of electric car are on track for the second half of 2017. the big question -- how much of an impact will the acquisition of solarcity have on the bottom line and cash margins? talk to me about what you see in this quarter for tesla. >> a couple of questions. first of all, how well have the integrated solarcity and what are the bene

they say they are confident of closing the monsanto deal before 2017. >> you are one of the few european with double-digit dividend growth. what you going to do with all your cash so that warren buffett doesn't call you after going down in flames with unilever. >> it is not up to me to comment on warren buffett's approach to unilere. a company withe , butg cast flow generation to be specific in answering your question, i was not cold bite warren buffett in the last 24 hours. intesla shares climbing after-hours trading. the company reassuring investors that its products are on schedule. initialk says production on the model three of electric car are on track for the second half of 2017. how much of an impact will the acquisition of solarcity have on the bottom line and cash margins? talk to me about what you see in this quarter for tesla. couple of questions. first of all, how well have the integrated solarcity and what are the benefits that will come from the integration with sources the? are they going to be able to sell more of the shingles? and the second thing is, some of the other s

sister switching gears in 1974 monsanto in their annual report estimated hundred $50 million to sink with one hinging. i can sequence hundreds of genes overnight for less than $10. when i launched the first book. we defined that. he came in and live on tv we sequenced his dna. we find out he is a high risk for heart disease. based on the we walked him them over to a heart scan. we showed that he have a blockage. at the time he called the story that saved his life. and so the next day people argued he wasn't eligible for cardiac skin. it cost about $90. in you saying he wasn't eligible but your credit --dash the criteria was wrong. we have to start to use technologies like this to identify who is at risk. this is a company that's founded nine years ago. we sequenced the dna. and we see what can happen in your lifetime. to me knowledge is power. every one of them is the label or interventional. one of the biggest problems we have in health is how do i get you to do something today that will help you ten or 20 years down the road. how do i get a 30-year-old to help them when they're 60.

so switching gears now in 1974 monsanto in their annual reports estimated $150 million to sequence one gene. now routinely a patient sees me i can sequence hundreds of genes overnight at $15. when i will -- he came in and buy up on tv we sequence dna. he's a 41-year-old healthy fake die with two young kids and we found he was at high-risk for heart disease. based on that we walked him over to a heart scan and we showed he had the blockage a lesion on one of the big arteries of his heart. at the time he called it a story. the next day people argued -- who was ineligible for cardiac scan. first of all a cardiac scan cost $90 and he said he wasn't eligible but your criteria is wrong. this is positive so we have to start to use technology like this to identify who is at risk to hopefully intervene early and change behavior. it worked in him and it will work on many people. this is a company i founded nine years ago. we sequence your dna and we see what diseases can happen in your lifetime. to me knowledge is power. everyone of them are reliable. the challenge is to know what you are up aga

they reported new stakes in sirius xm and monsanto.nwhile george soros's notable moves, new stake in goldman sachs and cut its stake in bank of america. >> other filings including david tepper increased his bets in the pharma state. bought new stakes in pfizer and mylan and upped allergen and cut apple. >>> nelson peltz's fund has taken stake in procter & gamble. it's roughly $3.5 billion. the move is a sign that they're taking aim at the consumer product giant's increase in sales and gets rid of the unprofitable brands. trian makes it another month to trying to invest. p&g reacted well to the news yesterday, up 2.7%. >> that's right. csx wants shareholders to vote on the demands an activist investor is making there as it tries to install the former ceo of canadian pacific of the head of the railroads. csx will call a meeting. they say they hold a nearly 5% stake in csx and wants to introduce the model harrison hunter used. they want excessive compensation and enough board seats to effectively control the company. that's an interesting

dow chemical and monsanto, a lot to talk about their. tinto underlying profit of $1.5 billion. the big headline here is the share buyback. last year they scrapped the progressive dividend. $.5 billion for worth of buyback over the course of 2017. so the underlying profit comes in ahead of the market. 81%.ore so our rally of capital expenditure will be around $5 billion in 2017. we will have a conversation with the ceo, join that interview a little later at 7:10 a.m. the market was looking for ¥264.1 billion, so a nice the for them. they talk about overall sales year on year with a slight drop on the nine-month numbers for softbank. . but a big beat on sprint and a blockbuster be for rio. theresyngenta saying confident and giving us more on their target. some people have been talking about whether we might get approval from european ,egulators and u.s. regulators we have happen that. so that could be a source of some disappointment for some in the market. whether you're talking about the dollar or stocks are yields, the fx market fluctuating overnight with all the questions hang

one interesting move he made was buying monsanto shares. because we see him as a long-term investor, but he actually bought monsanto after buyers agreed to purchase it. like a merger arbitrage play, which is unusual for him to do. valued at $800 million, one analyst said that we assume that he's betting the deals going to go through and that that is what he's betting on in this particular case. fear is down. that's why it is sort of a surprising thing. brooke sutherland of gadfly had a piece on that today, playing around with investors. he does have other people, that's right. he has ted wessler and todd combs as a. use others shares trading lower, 21 million is what he had had. and southwest, as he is doubling down on the airlines, they are in a new position. this is something that he announced in november, he was buying the airlines, but the southwest stake is a new one here he increased his stakes in american, delta, and united continental. $2 million in stakes in each of those companies and now about $2 billion. what's funny is that he

besides the apple move, berkshire also revealed a new stake in monsanto.a big move in apple shares, which helped lift the dow jones industrial average past 20,000 and the s&p 500 and nasdaq composite to record highs in the first quarter. apple, the largest stock by market cap, since the end of the year a record high tuesday. it was little changed after hours. winner: $600 wedding is the way to go . . . yup, you can get married at taco bell in las vegas . . . not everyone dreams of a wedding at taco bell, but if you met your significant other in line for late-night tacos, this might be for you. taco bell is giving two taco lovers the chance to tie the knot in the fast food chain's las vegas cantina restaurant as part of its "love and tacos contest." ♪ i don't want to lie down. i refuse to lie down. why suffer? stand up to chronic migraine... with botox®. botox® is the only treatment for chronic migraine shown to actually prevent headaches and migraines before they even start. botox® is for adults with chronic migraine, 15 or more headache days a month each

some new positions as well, he also increased or added a position of 8 million shares to monsanto, whichurse, signed a deal to be acquired by buyer in october. that deal is still pending, he took a stake in sirius xm as well. the company adding 166 million shares. these are as of the end of the year. we're still digging into the numbers a bit more and we'll get back to you soon. >> sold out of walmart, sold down from verizon, leslie, thank you. >> there's a lot happening here, the sirius position is interesting. >> it's a company that's in the drama. there's some clustering there with in billionaire value investors, i wouldn't be surprised to see them in the same place. in terms of the overall turnover, i feel like prices changed a lot. when prass change a lot, you have a lot of things that get revalued in a hurry. it's logical you may see some portfolios. >> also increased holdings in bank of new york melon. we're not done yet. breaking news, procter & gamble, david favor, what's happen something. >> yeah, this morning -- or this afternoon now, we can tell you that p&g has a large share

r trying to complete a 60 $6 billion takeover of monsanto by the and of the year -- $66 billion takeover shape and expressed confidence in the acquisition overcoming regulatory obstacles. anand pharma, we have operation that has been growing above market for the last few years. we continue to see market growth in 2017 and we've profiled the next wave of new products that will enrich markets in the next years to come. the short as we answer to your question that we are not in need of an acquisition. yer will only seek approval for the deal next quarter after regulators requested more information. is that the cut is similar to last year's reduction. 7% because of job cuts and a hiring freeze last year. the reduction affects senior traders. the pool for junior employees increased in a bid to retain talent. for more on the barclays and its cut -- looks like some of the big boys are getting the cuts. the new folks, not so much. they are in the clear. >> this has been a theme for so many years now. since the crisis, really. european banks followed a little later than u.s. banks. the last two y

the conglomerate also disclosing new stakes in sirius xm and monsanto.ren buffett would not comment on any of these filings, he says he'll be waiting to talk about all of these issues until february 27th. that's when he sits down with "squawk box" for a three-hour show. we'll be live from omaha. by the way, it's not too early to send in your questions for the oracle of omaha. send this them em in on twitter facebook with #askwarren. >> i know he didn't comment specifically, but do you know if any of the moves we just highlighted were warren versus -- i don't know that a single one of those were warren. >> i don't know. he didn't tell me, but he did say he'll tell us on the show. >> apple is not, probably. >> you start to get some of these big moves -- >> he never did tech before. >> berkshire hathaway put $12 billion into the market since the election. a lot of those moves are his moves. >> do we know with his recent airlines stuff? >> he's into the airlines. >> unbelievable he came back. >> he told us before that he had some interest in this. i think it

at&t and time warner, monsanto, thecomm, the big deal of year was ge and baker hughes.ond that, not much. why was that? we had ge, baker hughes, and a couple of others recently announced. about 28 billion. but you are right there was not a lot of mega headline deals that you see. the bid ask price spread with oil prices being low and the volatility and certain he around a lot of things driving it, was the excess supply coming off the market, why should i excel now if a you are the accelerator at what may be the lowest point in history. the spread caused a lot of deals not to happen. >> to you feel like ideals were lacking in 2000 seen? do you think we will see energy ipo's is this year? >> i think there are huge -- there is huge and up demand for ipo's. there were quite a few issuances are not -- but -- by public companies in the equity market. a little bit of confidence there. interest did not happen. there is a lot of pent-up demand and the investor community is very much interest in oil and gas. >> esp or you feel like the barrel of oil has fallen low. you can write

the example you just gave, this thing tests out as being the single -- i have friends at monsanto who me this. >> it's been sitting here. >> trump is not answering our tweets. he is tweeting again though. leaking even an illegal classified leaking has been a big problem in washington for years. uh-oh. i didn't know this was coming. the failing @newyorktimes and others must apologize. maybe he is responding. the next one is, the spotlight has finally been put on the low life leakers. i like that. the low life leakers. they will be caught. they will be caught. anyway, those were his two latest tweets. nothing about "squawk box." >> oh, dear. >>> coming up -- >> trust me, it's better that way. >> the american international toy fair is here. the four-day event showcases some of the hottest toys getting ready to hit the market. the ceo of hasbro will join us after the break to talk about the company's stock success and what kids both young and old have to look forward to. "squawk box" will be right back. ♪ >>> we have a lot of them, the newest dolls, gadgets, and games will be on display a