131
131
Feb 25, 2019
02/19
by
BLOOMBERG
tv
eye 131
favorite 0
quote 0
newmont/barrick.re issues that do not allow this to occur. alix: thanks very much. david: breaking news. president trump has been meeting at the white house with the nation's governors. he says he will have a signing statement with president xi. he says he will have a signing ceremony. the question is what he is going to sign? alix: coming up, bloomberg markets -- the open with jonathan ferro. bob michaels, jpmorgan asset management. this is bloomberg. ♪ jonathan: from new york city for our viewers worldwide. i'm jonathan ferro. the countdown to the open starts right now. ♪ jonathan: president trump postponing the deadline to raise tariffs on chinese goods the on this week. the latest sign of progress driving a weaker dollar and adding fuel to global equities. chinese stock market surging as beijing shifts toward supporting growth. about 30 minutes away from the opening bell. good morning. futures up 17 points on the s&p. the dollar is weaker against everything. the user -- euro-dollar 1.1357 and trea
newmont/barrick.re issues that do not allow this to occur. alix: thanks very much. david: breaking news. president trump has been meeting at the white house with the nation's governors. he says he will have a signing statement with president xi. he says he will have a signing ceremony. the question is what he is going to sign? alix: coming up, bloomberg markets -- the open with jonathan ferro. bob michaels, jpmorgan asset management. this is bloomberg. ♪ jonathan: from new york city for our...
131
131
Feb 25, 2019
02/19
by
BLOOMBERG
tv
eye 131
favorite 0
quote 0
evolution said to us they seem interested in newmont's australian assets. newmont and barrick have operations adjacent in nevada and the have talked over time about putting them together, cost savings. breakhe $600 million , credit swapk fee the cost of walking away from the deal for newmont? danielle: it depends on which ceo you talk to. $7 billion worth of synergies in varying ways p or gory goldberg has taken -- varying ways. gary goldberg mentioned different things. as we get more details, we will learn more. but this started back at the denver gold conference would barrick made its play for randgold. we are seeing the extension of that chain reaction. seeing the mid-two years come now, what assets come onto the market as a result of that, you have goldcorp that could be stranded on the sidelines. who knows what happens. does it become more vulnerable? this will be fodder for m&a and the entire sector for months. taylor: thank you. sincehan a decade past americans faced debt at the current level. why it is surpassing $1 trillion. this is bloomberg. ♪ ta
evolution said to us they seem interested in newmont's australian assets. newmont and barrick have operations adjacent in nevada and the have talked over time about putting them together, cost savings. breakhe $600 million , credit swapk fee the cost of walking away from the deal for newmont? danielle: it depends on which ceo you talk to. $7 billion worth of synergies in varying ways p or gory goldberg has taken -- varying ways. gary goldberg mentioned different things. as we get more details,...
96
96
Feb 11, 2019
02/19
by
CNBC
tv
eye 96
favorite 0
quote 0
buy newmont mining any questions? >> i got a real quick one. the names out there, this is your favorite name but do you like the other names in the space as well or this one specifically because of that -- >> i think newmont with goldcorp is a big deal. a lot of synergy, $100 million in cost savings and have 15 or 16 gold projects in very desirable locations and i think 55% of their gold reserves right now are in the u.s., canada, australia. friendly nations clearly i think that's why it makes it the best in breed. >> best in breed there you go it's time to vote. are we all buying guy's pitch on newmont? pete >> absolutely. guy is dead on great pitch. i think that combination and the cost savings will be huge. giddyap. >> i'm afraid i am a seller of guy's pick not because he hasn't laid out a very interesting argument but my argument is they overpaid for goldcorp and sector traded at a premium a long time ago and despite that there's better discipline, i don't want to touch it. >> i thought it was a mildly interesting pitch but would be selling
buy newmont mining any questions? >> i got a real quick one. the names out there, this is your favorite name but do you like the other names in the space as well or this one specifically because of that -- >> i think newmont with goldcorp is a big deal. a lot of synergy, $100 million in cost savings and have 15 or 16 gold projects in very desirable locations and i think 55% of their gold reserves right now are in the u.s., canada, australia. friendly nations clearly i think that's...
147
147
Feb 25, 2019
02/19
by
BLOOMBERG
tv
eye 147
favorite 0
quote 0
has not now, newmont done a good job on explaining why they disagree. but we are very committed.eve we can deliver on. and we as a management team are sure thisto making transaction happens and is delivered upon and the long-term. >> are you working with anyone else? >> no. we have many convert -- we have had many conversations with interested parties in the potential to participate as we rationalize the portfolio, and we will be applying strategic investment forces as we had made public. >> if this goes through, and you isionalize the portfolio, newmont going to be involved? >> there will be a good chance at some australian operators will be involved. australianry good operators that are more modern in their approach to managing and delivering vital to the shareholders. >> what have you heard from shareholders on this? >> we have just started the engagement. bound by the importance of keeping this under wraps, and doing our homework to make sure we were prepared and well-considered. >> are you prepared for a nasty fight? wants point is everyone to see a fight, but at the end of
has not now, newmont done a good job on explaining why they disagree. but we are very committed.eve we can deliver on. and we as a management team are sure thisto making transaction happens and is delivered upon and the long-term. >> are you working with anyone else? >> no. we have many convert -- we have had many conversations with interested parties in the potential to participate as we rationalize the portfolio, and we will be applying strategic investment forces as we had made...
87
87
Feb 25, 2019
02/19
by
BLOOMBERG
tv
eye 87
favorite 0
quote 0
>> i want newmont to be successful into the future. >> thank you. vonnie: fantastic interview, and our thanks. bloombergk in on first word news. >> president trump says oil prices are getting too high. ld opec to he to relax and take it easy. brent crude could rise 12% in the near future. venezuela's opposition leader juan guaido is in colombia where he will meet with mike pence to discuss ways to outmaneuver maduro. pence announced clear actions to get rid of the venezuelan leader. maduro fired on accidents, killing at least two. in nigeria, supporters of the president and his main challenger claimed early successes in the first general election. by nigerian vote was marked delays, technical glitches, and sporadic violence. four years ago, he became the first ever opposition leader elected to the presidency. the oscars attracted a slightly larger audience this year. 6% from a year ago. the final numbers show the oscars hitting an all-time low in viewership. global news 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journal
>> i want newmont to be successful into the future. >> thank you. vonnie: fantastic interview, and our thanks. bloombergk in on first word news. >> president trump says oil prices are getting too high. ld opec to he to relax and take it easy. brent crude could rise 12% in the near future. venezuela's opposition leader juan guaido is in colombia where he will meet with mike pence to discuss ways to outmaneuver maduro. pence announced clear actions to get rid of the venezuelan...
88
88
Feb 23, 2019
02/19
by
KQED
tv
eye 88
favorite 0
quote 0
. >>> canadian miningomny barrett gold is considering a hostile bid for rival newmont mining for $19 billion. that potential merger would be one of the largest mining deals ev and would create making it the largest gold peducer in world. late today, newmont responded to those reportsaying its own $10 billion acquisition of gold corp announced in january was in its view enough to produce solid growth in the future. rrick shares fell 2% and newmont shares were up 3%. >>> stamps.com is ending its exclusiveartnership with the u.s. postal service. the company says with amazon disrupting t shipping business, it needs to be free to do deals with competitors like fedex, u.p.s. and even amazon. but it comes at a cost. mamps.com said ending its deal with the post offins it will only earn roughly half what wall street was expecting for this year,t' and t probably why shares plummeted almost 58% today to $83.65. >>> time now for our weekly marketni r. he's a value investor. he has names of companies that he says are a bargain at the market right now. this is his first time on the program. michae
. >>> canadian miningomny barrett gold is considering a hostile bid for rival newmont mining for $19 billion. that potential merger would be one of the largest mining deals ev and would create making it the largest gold peducer in world. late today, newmont responded to those reportsaying its own $10 billion acquisition of gold corp announced in january was in its view enough to produce solid growth in the future. rrick shares fell 2% and newmont shares were up 3%. >>>...
63
63
Feb 22, 2019
02/19
by
CNBC
tv
eye 63
favorite 0
quote 0
newmont wants to buy goldcorp. barrick wants newmont.e'll see how it plays out back over to you. >> you are giving romo a run for his money with the play by play. >> i'm going to try. >>> welcome to "the exchange," everyone i'm kelly evans. take a look at copper hitting the highest level since july the shanghai composite closed at the best week since march of 20 16 so let's drill down more on the rally with bob pisani at the new york stock exchange. what's driving our stocks higher >> powell and china. you were absolutely right about the china rally this week here we had the fed monetary policy this happens twice a year. jay powell testifying next week in congress and used the magic word again, patient. that means the fed's essentially out of the rate hike business. the market likes that. take a look at the full screen that you have got here important thing is, we have a global rally going on and that's something we haven't seen for quite sometime right now so china, the nikkei, europe, all up nicely this week. you hit it on the head, ke
newmont wants to buy goldcorp. barrick wants newmont.e'll see how it plays out back over to you. >> you are giving romo a run for his money with the play by play. >> i'm going to try. >>> welcome to "the exchange," everyone i'm kelly evans. take a look at copper hitting the highest level since july the shanghai composite closed at the best week since march of 20 16 so let's drill down more on the rally with bob pisani at the new york stock exchange. what's driving...
182
182
Feb 25, 2019
02/19
by
CNBC
tv
eye 182
favorite 0
quote 0
it an unprecedented value creation opportunity for shareholders of newmont.ooking at the stocks, saying, well, doesn't seem to be a particularly exciting reception and that's because it was basically an at market deal. this deal is is not about a big premium. it is gold you got to use stock, you don't use cash they don't have debt and so you need to come at a price that is accretive and speaking of mark bristow, the man who ran randgold and put randgold and barrick together and now his management team merged with barrick. nice job there since then it seems in creating value at barrick. speaking of bristow, this morning, there is some of the details on it, 2.5694 is what we're talking about. all about the synergies. that's that they're focussed on. billion annually, 7 billion in total. versus what they say is only $100 million in synergies that newmont gets with the goldcorp deal not as though this deal is foreign to either one of these companies. but apparently it is not something that the ceo of newmont was willing to really revisit recently talking again ab
it an unprecedented value creation opportunity for shareholders of newmont.ooking at the stocks, saying, well, doesn't seem to be a particularly exciting reception and that's because it was basically an at market deal. this deal is is not about a big premium. it is gold you got to use stock, you don't use cash they don't have debt and so you need to come at a price that is accretive and speaking of mark bristow, the man who ran randgold and put randgold and barrick together and now his...
96
96
Feb 25, 2019
02/19
by
BLOOMBERG
tv
eye 96
favorite 0
quote 0
the barrick-newmont drama.'s take a look at the markets in tokyo and seoul. some caution in tokyo futures, a little change early -- teasing the earlier advances. the kospi looks to extend gains after a volatile monday session. in hanoi, the so-called peace talks are on the radar. reaction to ating drop in fourth-quarter profit. we are keeping an eye on softbank and its commercial 5g services. reports theei news company will raise u.s. prices. our parting and i on --which has -- keeping an haidi: coming up, expansion plans and the impact of trade tensions. we will also speak to richard lancaster about their results. you some live pictures from vietnam. we are still waiting on kim jong-un to arrive in the country. he has been on a two and a half day trip from north korea to -- through china. he will arrive in hanoi later this week. right now, you are looking at a live picture of the railway station. more to come. this is bloomberg. ♪ want more from your entertainment experience? just say teach me more. into your
the barrick-newmont drama.'s take a look at the markets in tokyo and seoul. some caution in tokyo futures, a little change early -- teasing the earlier advances. the kospi looks to extend gains after a volatile monday session. in hanoi, the so-called peace talks are on the radar. reaction to ating drop in fourth-quarter profit. we are keeping an eye on softbank and its commercial 5g services. reports theei news company will raise u.s. prices. our parting and i on --which has -- keeping an...
67
67
Feb 25, 2019
02/19
by
BLOOMBERG
tv
eye 67
favorite 0
quote 0
mario tweeting on newmont.a stock deal with the numbers. this is conditional. on newmont dropping the deal with goldcorp. i think francine has really showed mr. cappelli that huge complexities of the massive consolidation that we are seeing in the gold mining business. francine: we have to of course, continue following anything that happens with that possible deal. in the meantime, coming up, the conversation with --. the former india reserve --ernor, look for that if interview, 6:00 in new york. 11:00 in london. this is bloomberg. ♪ tom: -- >> this is bloomberg surveillance. let's get the bloomberg business flash. -- announcing its own fuld and smartphone to challenge the one just unveiled by samsung. the -- unfold into a small tablet like samsung's galaxy full. it will cost $2600. the market for small -- smartphones is slowing. manufacturers are searching for ways to convince consumers they should upgrade their devices. -- is rolling out new 5g chips for cards, pcs, and home broadband. the company's president
mario tweeting on newmont.a stock deal with the numbers. this is conditional. on newmont dropping the deal with goldcorp. i think francine has really showed mr. cappelli that huge complexities of the massive consolidation that we are seeing in the gold mining business. francine: we have to of course, continue following anything that happens with that possible deal. in the meantime, coming up, the conversation with --. the former india reserve --ernor, look for that if interview, 6:00 in new...
99
99
Feb 26, 2019
02/19
by
CNBC
tv
eye 99
favorite 0
quote 0
between barrick and newmont, barrick trying to own -- buy newmont unsolicited offer, all stock, no premiumses solely on the ability to deliver the synergies under the leadership of mark bristow, the man who ran randgold before it was bought and merged with barrick, now runs that combined company jim, it will be interesting. they're looking at the 40, the eight holders who own 40%. and they're going to be talking to those eight holders in newmont and saying, listen, we can deliver on these synergies much better than the benefit of buying goldcorp for you, newmont. newmont was fairly strong in the language yesterday and saying no thank you. and it will be interesting to see how this develops over the next, let's call it month. the shareholder vote is the key here would be the key sort of in play arbiter. they are trying to lower the threshold for calling a special meeting, as low as 15% but this is going to be an interesting battle. >> an interesting, we often hear about deals that are synergistic. i haven't seen one more synergistic than this one. >> no. >> you've got a clear demarcation be
between barrick and newmont, barrick trying to own -- buy newmont unsolicited offer, all stock, no premiumses solely on the ability to deliver the synergies under the leadership of mark bristow, the man who ran randgold before it was bought and merged with barrick, now runs that combined company jim, it will be interesting. they're looking at the 40, the eight holders who own 40%. and they're going to be talking to those eight holders in newmont and saying, listen, we can deliver on these...
68
68
Feb 28, 2019
02/19
by
BLOOMBERG
tv
eye 68
favorite 0
quote 0
it is newmont mining versus barrett gold. a hostile bid for newmont.k $7 billion worth of value. wants to become one of the largest players of national gas with appetite to buy from russia to africa, to the u.s.. ♪ >> i am alix steel, and welcome to bloomberg commodities edge.
it is newmont mining versus barrett gold. a hostile bid for newmont.k $7 billion worth of value. wants to become one of the largest players of national gas with appetite to buy from russia to africa, to the u.s.. ♪ >> i am alix steel, and welcome to bloomberg commodities edge.
325
325
Feb 25, 2019
02/19
by
CNBC
tv
eye 325
favorite 0
quote 0
for 10 billion but barrick says the deal offers a far superior opportunity for newmont. let's get to becky quick in omaha with warren buffett. i think "green book" was universal picture, which was controversial, everything is controversial now days ramimalek's fake teeth won best actor, i think, did they not >> no, i think they did not. i didn't watch a minute of the oscars i didn't read any of the write-ups. i'm pretty sure that's not true. >> probably not. >> i'm telling you that did make it a pretty good -- to be able to about with -- i mean, they had to add teeth because freddy mercury had extra incisors did you see it in of the movies? i saw almost all of them believe it or not. >> i saw bohemian rhapsody i watched a bunch on flights we've been traveling a lot lately every time i'm on a flight i watch some of these things. >> i saw that. the favorite is very good. it's crazy whacky but it's -- >> i didn't see that. >> you did not see that. you didn't see green book? >> i did not. >> how about buffett, is he a movie buff >> warren, have you watched any of these movie
for 10 billion but barrick says the deal offers a far superior opportunity for newmont. let's get to becky quick in omaha with warren buffett. i think "green book" was universal picture, which was controversial, everything is controversial now days ramimalek's fake teeth won best actor, i think, did they not >> no, i think they did not. i didn't watch a minute of the oscars i didn't read any of the write-ups. i'm pretty sure that's not true. >> probably not. >> i'm...
34
34
Feb 26, 2019
02/19
by
BLOOMBERG
tv
eye 34
favorite 0
quote 0
newmont is more interested in its plan to take over goldcorp.haad: let's check on what is going on japan wise. this is it as we head toward the lunch break. taking a look at the nikkei, we have it on the way down. yes, it is down 0.1%. taking a look at what is going on with the yen, a bit stronger. ♪ 10:29 a.m. in hong kong. , which plungedil on both sides of the atlantic. this after president trump tweeted that prices are too high. he also called on opec to take it easy. he's talking about the output cuts. brent oil fell the most in two months. the benchmark rallied on optimism that the cartel would go beyond what it has pledged and balance the market. the president's intervention follows a price rally of about 20% this year due to production cuts. the united states has announced more sanctions on venezuela, targeting state governors after the maduro regime blocked the international aid convoys. vice president mike pence told latin american leaders that the action wasn't a bold move by a triumphant leader, but the desperate act of a tyrant clin
newmont is more interested in its plan to take over goldcorp.haad: let's check on what is going on japan wise. this is it as we head toward the lunch break. taking a look at the nikkei, we have it on the way down. yes, it is down 0.1%. taking a look at what is going on with the yen, a bit stronger. ♪ 10:29 a.m. in hong kong. , which plungedil on both sides of the atlantic. this after president trump tweeted that prices are too high. he also called on opec to take it easy. he's talking about...
126
126
Feb 25, 2019
02/19
by
FBC
tv
eye 126
favorite 0
quote 0
barrick proposed a merger with newmont mining.setting up a battle between the world's two largest gold companies. barrick gold shares are unchanged in the premarket. newmont mining up 1 and a quarter percent. the irs reporting a sharp drop in tax refunds. get this, the average refund is down 17% versus last year. works out to be nearly $550 less. the average check totaling $2,700. this tax filing season is the first one since the full one since the gop overhaul of the tax code. the treasury department says smaller refunds are mostly due to people paying less in taxes in their paychecks bi-weekly or however you get paid. that's one of the reasons how the gop is defending the tax code overhaul, 2017. maria: thank you so much, lauren. mitch, your reaction? we'll be getting our checks in the next month. two months. >> all i know is, i don't know that i'm getting any kind of a refund. but that aside, the reality is, taxpayers paid less in during the year because they took advantage of the benefit of lower taxes during the year, so they
barrick proposed a merger with newmont mining.setting up a battle between the world's two largest gold companies. barrick gold shares are unchanged in the premarket. newmont mining up 1 and a quarter percent. the irs reporting a sharp drop in tax refunds. get this, the average refund is down 17% versus last year. works out to be nearly $550 less. the average check totaling $2,700. this tax filing season is the first one since the full one since the gop overhaul of the tax code. the treasury...
57
57
Feb 25, 2019
02/19
by
BLOOMBERG
tv
eye 57
favorite 0
quote 0
now, newmont t hasn't done a good job in trying to explain why they disagree.is.ry committed we believe it's something that the industry needs. we believe it's something that can deliver on and we as a management team are committed to making sure that this transaction happens and is long term,pon in the we're not leaving. >> are you working with anyone else? -- we we haven't worked have had many conversations with parties on the post ial to participate the transaction as we portfolio. the be applying our strategics processes as we go forward. >> as you go forward, will they be involved? there is a good chance that there are some australian i can rs be involved and tell you there are some very good australian operators, more modern t are in their approach to managing assets and delivering value for shareholders. >> what have you heard from investors so far on this? > we are just starting the engagement as you can imagine, we were quite bound by the to keep this under wraps until we were ready and we ad done all the necessary homework to make sure that we well ro
now, newmont t hasn't done a good job in trying to explain why they disagree.is.ry committed we believe it's something that the industry needs. we believe it's something that can deliver on and we as a management team are committed to making sure that this transaction happens and is long term,pon in the we're not leaving. >> are you working with anyone else? -- we we haven't worked have had many conversations with parties on the post ial to participate the transaction as we portfolio. the...
63
63
Feb 25, 2019
02/19
by
BLOOMBERG
tv
eye 63
favorite 0
quote 0
keeping a close eye on in ralian gold companies particular as barrick makes a bid for newmont. mining came out to say it would be interested in any discarded by barrick in the event of a takeover. light when , we are it comes to some heavyweight figures, but this afternoon, we getting factory and t data from singapore from taiwan. jobless numbers due from taiwan later this afternoon. hong kong, we are getting a check on trade performance for january. haidi, that trade continues to loom large over the region. haidi. it from here.ke join us for some more context is founder and c.o.o., always good to see you here. of breaking time news with brexit. a planmay is considering to postpone brexit. how should investors read into this? far any kind of deal. >> right, right, on the margin, little less risk of an imminent shock and so we're very from a cyclical point of view how that intersects with cycle.e are in a we are in a slowdown, but are we vulnerability. if we are, a shock is a recession nature shock. we are not there yet. on the margin, this is a little bit of good news, it reduc
keeping a close eye on in ralian gold companies particular as barrick makes a bid for newmont. mining came out to say it would be interested in any discarded by barrick in the event of a takeover. light when , we are it comes to some heavyweight figures, but this afternoon, we getting factory and t data from singapore from taiwan. jobless numbers due from taiwan later this afternoon. hong kong, we are getting a check on trade performance for january. haidi, that trade continues to loom large...
173
173
Feb 25, 2019
02/19
by
CNBC
tv
eye 173
favorite 0
quote 0
well-done structural deals and then you get the price of the stocks of the targets aside from the newmontmium over last and those are the elements that come together. >> mario, ginn the elements, mike santoli, doesn't it seem like where we are in the economic expansion, how far along we are, the credit markets are accommodating. ceos should feel confident and seeing more mondays with at least as many deals an what do you make of the fact that deal activity as a percentage of market cap not that high given where we are in the bull market? >> you had transactions of last year, probably second or third best independent of that, you go through cycles and transactions, obviously, the ceos of companies and boards feel comfortable of a tailwind okay an eu transaction or deal with china and they want to grow, they look at the capital, the tax structures of deals, they look at any been fits that they get. you know, what multiple are they paying and then the pe guys look at the multiple to sell at five to seven years from now and what is buffett looking at what are the corporate -- and the case of
well-done structural deals and then you get the price of the stocks of the targets aside from the newmontmium over last and those are the elements that come together. >> mario, ginn the elements, mike santoli, doesn't it seem like where we are in the economic expansion, how far along we are, the credit markets are accommodating. ceos should feel confident and seeing more mondays with at least as many deals an what do you make of the fact that deal activity as a percentage of market cap...
148
148
Feb 19, 2019
02/19
by
CNBC
tv
eye 148
favorite 0
quote 0
you might want to check out newmont. >> that does it for us we'll see you back here tomorrow at 5:00. don't go "mad money" with jim starts right now >>> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to teach you call me at 1-800-743-cnbc. or tweet me @jimcramer the stock market isn't always a friendly place t can be volatile, painful and just downright difficult. there are tons of big picture problems that can derail any rally. problems you might not have any idea about until they hit us that's why i'm so adamant about making you better. i want to you know the tricks of the trade so when the market turns negative and gets hostile you'll know what to do i spent my career analyzing the way stocks trade searching for patterns of what's worked with me and from those i put togeth
you might want to check out newmont. >> that does it for us we'll see you back here tomorrow at 5:00. don't go "mad money" with jim starts right now >>> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to...
105
105
Feb 25, 2019
02/19
by
FBC
tv
eye 105
favorite 0
quote 0
keep in mind newmont made a deal to buy gold corp. last month for $10 billion. barrick is defending its hostile bid with high costs and dwindl ing resources and it bought rival rangold for $6 billion a lot of consolidation here. let us get to washington d.c. where in the last 45 minutes u.s. china trade talks just wrap ped up for the day talks apparently going so well but before he departed for vietnam president trump hinted there will be a "signing summit soon." let me get to blake burman live at the white house and that's not all president trump said that got these markets rolling and running. reporter: a lot of action and words over the last 24 hours or so liz first the action from president trump yesterday in which the president said that this friday march 1 deadline to get a deal done or else tariff levels would increase would be put on hold, because there is being progress made on both sides from the u.s. and china as it relates to a possible trade deal. president trump has suggested over the last 10 days, two weeks or so whatever you want to call it that
keep in mind newmont made a deal to buy gold corp. last month for $10 billion. barrick is defending its hostile bid with high costs and dwindl ing resources and it bought rival rangold for $6 billion a lot of consolidation here. let us get to washington d.c. where in the last 45 minutes u.s. china trade talks just wrap ped up for the day talks apparently going so well but before he departed for vietnam president trump hinted there will be a "signing summit soon." let me get to blake...
184
184
Feb 25, 2019
02/19
by
CNBC
tv
eye 184
favorite 0
quote 1
to run rand goal, you know what, the new one is making a hostile $17.8 billion all stock bid for newmont mining this m & a action is a sign the companies may be more valuable to each other than the stock market itself and to portfolio managers so bearish. however, the situation mays mrout, barrick is my favorite way to play. my second way to win, the financials, they did great today. in particular the big investment banks that had been real dogs of late but there is a reason goldman sachs rallied more and rallied up more than 4 mergers and acquisitions with a stock trading at only a tiny president trump yum, what you get for the business if you liquidated everything overnight and it has an excellent wealth management group the whole company may be valued too low if we're truly seeing a revival of merger mania because that's a usually profitable business as well as coming deluge of enclose sol ipos doesn't take a lot of people to be in m & a. well, here's something people kind of gave up on for awhile. earnings look, i know the numbers haven't been all that strong this quarter. we've had
to run rand goal, you know what, the new one is making a hostile $17.8 billion all stock bid for newmont mining this m & a action is a sign the companies may be more valuable to each other than the stock market itself and to portfolio managers so bearish. however, the situation mays mrout, barrick is my favorite way to play. my second way to win, the financials, they did great today. in particular the big investment banks that had been real dogs of late but there is a reason goldman sachs...
274
274
Feb 11, 2019
02/19
by
CNBC
tv
eye 274
favorite 0
quote 0
. >> activision blizzard >> you didn't see toni braxton at the grammys you saw me you'll see newmonting. min >> thank you, everybody. "mad money" with jim cramer begins right now >>> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. or tweet me @jimcramer for all the time we agonize over the prospect of a deal with china wall street doesn't seem to put a lot of thought into figuring out who wins and who loses if this is allowed to continue oh, we'll parse every word coming out of the trump administration one minute the relatively free trader likud low and mnuchin believe there is a deal imminent and next the hard-liners saying they'll keep the tariffs going or raise them until they make changes with the way they do business thei
. >> activision blizzard >> you didn't see toni braxton at the grammys you saw me you'll see newmonting. min >> thank you, everybody. "mad money" with jim cramer begins right now >>> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people...
74
74
Feb 22, 2019
02/19
by
BLOOMBERG
tv
eye 74
favorite 0
quote 0
a canadianas learned company is making a bid for newmont mining. value of almost $19 million. to almost merged before talks broke down. guy: thank you very much. socgen is throwing out plans to cut jobs at its investment bank. bloomberg also says the bank could cut hundreds or even thousands of jobs, including roles in support functions, back, middle, front office jobs could go here. shares are trading higher. ed robinson joins us now to discuss this. how much do we know about the cost? they employ roughly 20,000 in this business. how many of them could be at risk? ed: we don't know the precise number of jobs, but socgen has said they want to cut 500 million euros in expenses out of the division. guy: is likely to be enough to make this business profitable, enough to get the jaws positive? to the point at which investors are going to be comfortable? ed: that remains to be seen, we don't know what the markets are going to do. so much has been writing on the -- riding on the performance of these markets. not only was it trading unit really hit by thi
a canadianas learned company is making a bid for newmont mining. value of almost $19 million. to almost merged before talks broke down. guy: thank you very much. socgen is throwing out plans to cut jobs at its investment bank. bloomberg also says the bank could cut hundreds or even thousands of jobs, including roles in support functions, back, middle, front office jobs could go here. shares are trading higher. ed robinson joins us now to discuss this. how much do we know about the cost? they...
105
105
Feb 20, 2019
02/19
by
CNBC
tv
eye 105
favorite 0
quote 0
about-face as have central banks around the world and they're finding safety in gold when you see newmont mining go 2.5% to 3% every day, i think it's telling you something i do think exxonmobil has more upside and we've talked about that if you look at it, it's still in a pretty significant downtrend since the end of last year this stock could trade up to 82 and still be in a significant downtrend. i think that's what's going to happen. >> in terms of central banks finding safety gold, they want to diversify away from volatility >> central banks are buying gold at a record pace over the last couple of months there's something to that. >> 24% of the global bond yields out there are negative territory. central banks have to do what they have to do. sneaky haircut by guy adami, by the way. emerging markets are continuing to outperform. we're challenging back up to the 200-day. if i was the chart guy tonight, i would tell you u.s. steel is challenging to push north of the 200-day for the first time to the upside since back in 2017. all these assets traded down they have consolidated and r re
about-face as have central banks around the world and they're finding safety in gold when you see newmont mining go 2.5% to 3% every day, i think it's telling you something i do think exxonmobil has more upside and we've talked about that if you look at it, it's still in a pretty significant downtrend since the end of last year this stock could trade up to 82 and still be in a significant downtrend. i think that's what's going to happen. >> in terms of central banks finding safety gold,...
359
359
Feb 19, 2019
02/19
by
CNBC
tv
eye 359
favorite 0
quote 0
you might want to check out newmont. >> that does it for us we'll see you back here tomorrow at 5:00.w >>> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but to teach you call me at 1-800-743-cnbc. or tweet me @jimcramer the stock market isn't always a friendly place t can be volatile, painful and just downright difficult. there are tons of bi
you might want to check out newmont. >> that does it for us we'll see you back here tomorrow at 5:00.w >>> my mission is simple -- to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job isn't just to entertain but...
52
52
Feb 26, 2019
02/19
by
BLOOMBERG
tv
eye 52
favorite 0
quote 0
we have been working on it for a long time and we have engaged newmont before hand.: standard charter is reducing costs over the next three years, hoping it will sooth investor concerns after lackluster concerns. it missed consensus estimates. the ceo is seeking to convince investors they can revive earnings growth. another firm investigating laundering allegations following revelations it was under investigation for failing to identify suspicious transactions. the bank said the firm will report results before march 28. that is your bloomberg business flash. nejra: thank you. we have the china foreign inistry minister speaking beijing. we will be keeping an eye on that as they come through. china is prepared for potential xi-trump meeting. we have heard that the meeting could happen but he said a deal might not be done. our guest is still with us. we talked about the risks around trade and you are seeing the seamen etf's might be money moving out of equities and into bonds, another risk we are talking about is brexit, we have seen the pound hit a four-week high on th
we have been working on it for a long time and we have engaged newmont before hand.: standard charter is reducing costs over the next three years, hoping it will sooth investor concerns after lackluster concerns. it missed consensus estimates. the ceo is seeking to convince investors they can revive earnings growth. another firm investigating laundering allegations following revelations it was under investigation for failing to identify suspicious transactions. the bank said the firm will...
145
145
Feb 22, 2019
02/19
by
BLOOMBERG
tv
eye 145
favorite 0
quote 0
is based in -- newmont is based in colorado. they almost merged in 2019 before talks broke down.n says there could be a trade deal with the u.s. before the end of the year. keep president trump imposing tariffs on cars made in europe. that is your bloomberg business flash. bmw one best and ever $1 billion to extend their joint car sharing operations, part of the move to take on uber and lyft. bute are very successful mobility is a question of scale as well. combining the activities which we have grown up to 60 billion customers to one platform is of great value, which is reflecting our stock value. billion euros a year revenue. you're looking at 8% margins. what kind of goals do you want to hit with car sharing, with ride dealing? we are not developing business targets for individual verticals, but plenty of opportunities. sharing, charging, on one side business opportunities and growth. david: those were the ceos of bmw and daimler. alix: the eu is set to target chrysler and xerox -- caterpillar and xerox if trump imposes tariffs. it was just getting better for caterpillar. they
is based in -- newmont is based in colorado. they almost merged in 2019 before talks broke down.n says there could be a trade deal with the u.s. before the end of the year. keep president trump imposing tariffs on cars made in europe. that is your bloomberg business flash. bmw one best and ever $1 billion to extend their joint car sharing operations, part of the move to take on uber and lyft. bute are very successful mobility is a question of scale as well. combining the activities which we...
141
141
Feb 22, 2019
02/19
by
BLOOMBERG
tv
eye 141
favorite 0
quote 0
imagine it would not be crest but it isw you kno a bid for newmont.wo largest gold producers, gold really,n the world based on markets. sixth.t is fifth or ross is here to remind us what those stories are. australia.aying with a major port in northern china has banned its coal imports. the countries ties remain, quote, exceptionally strong. the idea that any possible ban could be retribution for australia chinese mobile provider huawei from using its 5g network last year. australia's central bank chief said it's unlikely rates will the lba isys that not on a predetermined course. said there may be a need for a rate court if there is a sustained rise in unemployment of progress toward inflation targets. but at the moment, both options are still on the table. probability is up and the probability is down, a theyevenly balanced than were six months ago. >> the people's bank of china is it will use further focused stimulus to guard liquidity to particular parts of the slowing economy. the bank will enhance a combination of policy source, as ratio cuts and
imagine it would not be crest but it isw you kno a bid for newmont.wo largest gold producers, gold really,n the world based on markets. sixth.t is fifth or ross is here to remind us what those stories are. australia.aying with a major port in northern china has banned its coal imports. the countries ties remain, quote, exceptionally strong. the idea that any possible ban could be retribution for australia chinese mobile provider huawei from using its 5g network last year. australia's central...
75
75
Feb 26, 2019
02/19
by
BLOOMBERG
tv
eye 75
favorite 0
quote 0
yet been working on it for a long time and we have engaged newmont before hand.: and hedge fund veteran who won big on volatility is getting back in the game eight years after returning money to investors. a fund thatg up currently manages money for his family office, but by bringing investors, the plan to increase it to $350 million by the end of the year. francine: let's turn to the ongoing crisis in venezuela. according to a u.s. diplomat, the u.s. has called for a security council meeting today after a deadly weekend along the columbia-venezuela border. yesterday, mike pence met with representatives. christian is still with us. against the is venezuela, and we can put that to one side, and then you have emerging markets. do the two ever meet? is what happened in venezuela stay in venezuela, or can also be extrapolated? christian: i think venezuela is a particular case. it is a credit story. things are trading very distressed. if that turns around, from that perspective, that could be a big story. story.n isolated i don't think venezuela is really affecting th
yet been working on it for a long time and we have engaged newmont before hand.: and hedge fund veteran who won big on volatility is getting back in the game eight years after returning money to investors. a fund thatg up currently manages money for his family office, but by bringing investors, the plan to increase it to $350 million by the end of the year. francine: let's turn to the ongoing crisis in venezuela. according to a u.s. diplomat, the u.s. has called for a security council meeting...
174
174
Feb 22, 2019
02/19
by
CNBC
tv
eye 174
favorite 0
quote 0
. >> just some -- want to note on the upside movers, reports out of australia that newmont may considerrick that's a big merger in the precious metal space and keep an eye on that. on downside movers, autonation, if you miss or you give estimates short of forecast, you're going to move to the downside autonation reported revenue below forecast that's down. baidu there, they spent very heavily on content and promotion in their commentary. they're down a little bit. dropbox forecast a drop in operating margins, see that's down 9%. and this is not a typo on stamps.com, talk about losing your key customer here, they gave a weaker than expected forecast and announced they ended their exclusive partnership with the u.s. postal service. you think that matters to stamps.com i think so that's not -- that's not a typo there. the other thing i would just note, i don't know if we can put up the global markets, i mentioned this earlier, i do think it is important because a lot of people have been trying to target with the awful year that he had in europe, trying to pick out value in europe i think i
. >> just some -- want to note on the upside movers, reports out of australia that newmont may considerrick that's a big merger in the precious metal space and keep an eye on that. on downside movers, autonation, if you miss or you give estimates short of forecast, you're going to move to the downside autonation reported revenue below forecast that's down. baidu there, they spent very heavily on content and promotion in their commentary. they're down a little bit. dropbox forecast a drop...
138
138
Feb 28, 2019
02/19
by
CNBC
tv
eye 138
favorite 0
quote 0
gary newmont has a couple more gold corp. has none.ble up on the assets in the industry >> have you spoken to gary >> we are. i actually shook his hand. >> and was it just a shake of the hand or was there a separate pleating what did he say back to you? >> hello mark. >> that was the end of it? >> yes >> so what happens next? >> our job is to convince shareholders this is a better added proposition and that's what i'm doing i'm working very hard. we have back to back meetings. we will catch up with big shareholders and a few hedge funds as you know. we are onto toronto and we'll continue on that 50% of the barrack shareholders represent 60%. >> i know you'll not want to answer this question or you feel like you're tipping this hand. in terms of the economics what's the bandwidth you have to spend more >> this is what everyone -- >> this is the billion dollars question >> the billions of dollars >> this is the eco chamber of the world. because it is being done in the past let's get over there. let's decide how much value is in this deal
gary newmont has a couple more gold corp. has none.ble up on the assets in the industry >> have you spoken to gary >> we are. i actually shook his hand. >> and was it just a shake of the hand or was there a separate pleating what did he say back to you? >> hello mark. >> that was the end of it? >> yes >> so what happens next? >> our job is to convince shareholders this is a better added proposition and that's what i'm doing i'm working very hard....
95
95
Feb 25, 2019
02/19
by
FBC
tv
eye 95
favorite 0
quote 0
barrick gold offers to the buy the rival newmont mining, all stock deal. >>> roche buying gene specialistng $4.3 billion. why? spark is working on treatments for hemophilia, huntington's disease, pompe, that is a disease that causes blindness. sparks going at it. they're worth a lot of money. >>> look at this, ge will sell the biopharma business to danaher for $21 billion. that is enough to put ge back at $11.30 a share. what a gain. >>> everybody, now this, bernie sanders is a socialist. he has spent his life in politics opposing capitalism, profit, rich people, billionaires, inequality, you name it. most aspects of america's financial life he dislikes and he dislikes them intensely. that is why he always seems to angry. his demeanor is barely suppressed rage, except when he is talking about the good ol' days in the ussr. we found some comments from the 1980s, a wholly different bernie sanders emerges. he actually praised bread lines, okay? i think we have a full screen exactly what he said. here we go. it is funny sometimes american journalists talk about how bad our country is because
barrick gold offers to the buy the rival newmont mining, all stock deal. >>> roche buying gene specialistng $4.3 billion. why? spark is working on treatments for hemophilia, huntington's disease, pompe, that is a disease that causes blindness. sparks going at it. they're worth a lot of money. >>> look at this, ge will sell the biopharma business to danaher for $21 billion. that is enough to put ge back at $11.30 a share. what a gain. >>> everybody, now this, bernie...