what has newcrest said about this so far?een -- it has opened its books, so that is a sign that it likes the offer. but it has hedged its bets a bit and has not come out right and said we things shareholders should vote for the -- think shareholders should vote for this. we will have to see how shareholders respond. as for the market, i have spoken to a few analysts this morning, and the sense is that this will probably be enough to persuade investors to vote in favor. it's particularly that there is a cash component, shareholders could get one dollar and $.10 dividends -- $1.10 dividends to persuade anyone on the fence to say yes, let's do this. >> joining us from melbourne on that newcrest had newmont potential deal. -- and newmont potential to you. apple personal computer shipment that followed by 40% in the first quarter, marking the worst drop since 2000. shipments of all pc makers combined also slept by nearly 30% to 56 million units. the idc says the demand search for pcs driven by pandemic air are among work has evapo

shares of newmont popping in the takeover offer of the company to $19.5 million stock offer from newcresthe largest deal in the coal mining industry. >>> and china cpi hits the slowest pace since september of 2 2021 due to slow food prices and demand >>> the leader of the house committee noting concerns over the tesla dependence on china after the company revealed it is opening a megafactory in china and >>> and warren buffett is planning to cut -- support the japanese stocks. >>> and boeing is out with first quarter delivery numbers at 8:00 a.m. this morning. >>> and apple reports over 3,000 users claiming unable to stream music and 2,000 were unable to download apps. >>> gearing up for the trading day ahead. the national federation of independent businesses releases the small business sentiment survey at the top of the hour. look for earnings before the open from carmax and albertsons. and chicago fed president austin goolsby and patrick harker and neel kashkari all speaking today. >>> turning attention back to the broader markets. earning season kicks off this week with the outlook glo

and newcrest mining's operation is bracing for a daily of heavy rain as the biggest cyclone to hit westernalia in nearly a decade makes landfall. tropical cyclone ilse is expected to miss the major island as it moves inland. those are the major headlines. rishaad: tata consultancy tcs posting weaker than expected profits. we will have a closer look at their report card as it were. we've got that and more. this is bloomberg. ♪ rishaad: that is the indian financial capital. we have a nifty futures contract with fair value added, showing a flat start to the trading day, perhaps a tad lower, and we are looking at more reaction to the rate of consumer price rises in the country because cpi actually eased a little bit and fell within the central bank's target range and did so for the first time in three months. official data showing march inflation stood at 5.6%, pretty much the lowest reading we have had in more than a year. food prices that make up about half the inflation basket rose less than anticipated and less than 5% while fuel and other items rose under 9%. core inflation, of course, th

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. >> that was the punch line glen sweetened its deal for tech resources, newmont for newcrest, knownor gold, and tech known for gold as kelly beat me to it, both have a lot of very valuable copper assets and copper is the key to electrification. >> are people making too much of that exposure? i mean, put it this way, why do both companies say we're gold but we have copper exposure? it feels like the bull market right now currently is gold, maybe copper for the next ten years but i don't think this could have gotten done if gold wasn't doing as well as it is right now. >> the main driver still gold, but the excitement factor is the copper and when trying to pitch this and trying to say we're a future, we're a forward looking company, mining, is that really forward looking? that's not the first thing you think of emphasizing the copper element saying electrification, you need us, that gets people excited. >> yeah. haven't seen this much excitement in commodities and m&a talk in some time. thanks. >> let's goat bertha coombs for a cnbc news update. >> hey, tyler. here's what's happening

newcrest mining's operation is bracing for a delusion of reign as the biggest like linda had westernia to hit in a decade makes landfall. staffing has been reduced ahead of the storm on thursday or friday. the cyclone is expected to miss the region's major iron ore mines as it moves inland. those are your first word headlines. david: let's recap the inflation numbers out of the u.s. overnight. we are softer on the headline numbers, base effects, maybe energy inflation, now a deflationary force, not helping on that point, just overnight too, crude presses hit a year-to-date high. have a look at this bloomberg chart. it is shelter, housing, services that make up the bulk of the gains in inflation. when does that pain point go away? the chief economist joining us now. let's get straight to it. shelter costs and housing and that there is a bit of a weird calculation method here where what we look at is probably in the past. there is a debate when shelter starts to come off and housing prices come off. when do you think that will happen, if at all? >>s valuatio for new and existing sales

shares of newmont under pressure off the lows, raising its bid for newcrest mining to $19.5 billion in largest ever m&a deal in the gold mining industry we'll watch that story >>> bitcoin popping above 30k since june of last year. names like coinbase and micro strategy are following suit. regional bank new york community bank corps upgrade to buy by jefferies, saying there's been a dramatic improvement in the bank liquidity profile after svb and shares up, up 1.5% big headline of the morning that i wanted to get to was the imf downgrade of the global economy. nothing drastic in terms of the numbers. they took down january's forecast by 0.1 for the world in '23 and '22 -- '24 and expecting growth 2.8% now for 2023 and then for '24 the forecast goes to 3%. it's okay, but there's some dire warnings in here which i think offer a pretty sharp reminder of the uncertainty of the outlook we're facing one quote from the chief economist of this world economic report, risk to the outlook are heavily skewed to the downside with the chances of a hard landing having risen sharply the three themes th