it has attempted to acquire newmont before.arlier officer -- earlier offer was pushed back and it seems for the time being to be detained by the board. it has retained legal advisors to look into this and for now it says shareholders need not do anything while this is examined. new crest had a market cap on friday of about $20 billion so it will be worth watching this at the open. haidi: this is kind of a dream deal for a lot of these global players in terms of looking at new crest. paul: very much so. this was looked at in 2018 one a lot of the acquisition and m&a was going on in the gold space. several comedies had a look at new crest at the time. this deal would have given any of them, it looks like now newmont, access to impressive australian assets asx listing. papa new guinea, expected to produce about 2 million ounces in the coming year. and the new crest and newmont board are well-known to each other, although the new crest leadership is in a state of flux right now. they have an interim ceo but it is understood a bit o

we have seen cost pressure across the industry, so the economies of scale for a company like newmont,sense to go after a big target like newcrest. francine: a couple years ago there was a big consolidation phase. if you look worldwide, gold and copperhead already consolidated, so what is left? >> newcrest for one thing. newmont in the last round was one of the big players, they took a stab at the other big giant and bought gold corp. to become the biggest producer. now the big question is what the other company does, he has been a vociferous opponent of high premiums, so it will be interesting if he feels pressure to do something else or step in and make a bid for newcrest. francine: could we enter a bidding war because there are so few assets left? >> newcrest is already offering a premium of 20% and a share proposal, so if anyone wanted to come out on top of that, there is certainly potential for things to go higher. francine: we have the china reopening, i don't know how much demand that will lead to four gold, but what stories are you working on? >> the big fame in gold has been p

the world's biggest gold producer, newmont says it had made a $16900000000.00 offer for australian peer new crest mining, which is looking for new leadership. new crass which has recently seen growth in its copper exploration field as well says it's considering the proposal. italy's national cybersecurity agency, it says thousands of computer services servers rather have been targeted by a global ransomware hacking attack. it's warning companies to take action to protect their systems. the attack has compromised servers in europe and north america. american households will have burnt through 65 percent of their pandemic savings by year's end. that's according to a new study by investment bank, goldman sachs, a curved spending closed shops and generous stimulus measures helped households pad their savings by the end of 2021. before relief measures ended and inflation sword as good against quarter in new york, yann's many american households did pad their savings through these english mal measures during this pandemic time. to what extent were those savings a critical for what came what c

stuart: i see a big merger in gold, newmont buying something. they made a bid to buy australia new crest mining. $17 billion. the stock is down. one reason it is expensive. wall street might be having doubts about this merger if it goes through. the price tag is set to be too low. in td's viewpoint really struck me. it feels like newmont is trying to get bigger for bigger sake that is the only reason line the transaction. they don't see much synergy if you will. stuart: tell me about childrens place. lauren: they went from forecasting a profit of 50 cents a share to a loss of more than four dollars just like that and they said inflation is just pounding us. their margins keep getting hurt. input costs up. cotton costs up. i wrote something down from apollo. it is a soft landing possible? they say what about a no landing, where the economy doesn't slow down but inflation returns and we're kind of in this situation where you don't feel like you're getting ahead because inflation is just up there? it is just high. it would be very bad. stuart: very

. >>> newmont is down 4% after making a $17 billion bid for australian gold miner newcrest mining newmontare still up 16% over the last three months. >>> and the national enquirer has been sold to a group including the former ceo of movie pass the terms of this deal weren't announced but "the new york times" reports the price was a little less than $100 million. we'll watch that. >>> let's turn now to the arms race for ai as big tech's response to chatgpt dominated earnings over the last few weeks. microsoft doubling down on its investment in parent open ai while alphabet mentioned the term ai over 50 times on the last earnings call while telling employers to shop competitors. joining us to explain is ubs analyst lloyd wamsley. first, break down this stake that google took in a chatgpt rival, anthropic i thought it had its own chatgpt in-house >> it's a great question it does seem odd given everything we heard, that google has the best technology out there. i think it's largely just hedging their bets you know, the other thing that struck us is they have been making investments in compani

this is the second go from newmont. is this when more realistic?nnounced this one coming in 0.38 per share. we think it's a lot more realistic. this is a premium of 22% to the closing price. e don't think the sector is that overvalued from the perspective of recent history, so we think it will be a lot more likely new crests board will consider the offer. shery: what are we talking about broadly in terms of merger activity given the strength of the aussie dollar and global reserves declining? moshen: that's right. it's an interesting situation for us trillion minors. even though gold prices have come down a lot. in aussie dollar terms, its all-time high and their costs are in us trillion dollars. the outlook is pretty strong. when it comes to the global reserves, it is a big story for all the global gold miners. they have been depleting their reserve based on the last 10 years because it has not been that desirable to be exporting for gold. now that the gold price has strengthened over the last couple of years, they will be looking to make purchase

newmont down on that today.n the profit side for a company like tyson, a reminder that these days, consumers have to make tough choices on which meet to buy, given the inflationary effects these days. tyson input costs ultimately make that a more challenging profit story. we saw that in their profit picture. video was up earlier. it has dipped lower right now. that is the momentum story of the year. we have seen a huge appetite over the last few weeks in a high -- in ai-related stocks. kriti: we will stick with that, because dell is the latest tech company to announce massive tax cuts. it makes up about 5% of global workforce. you are seeing shares of -- down off that. ed ludlow joins us right now with a little bit more. usually when we see these kinds of layoffs, we don't really see a selloff, we see a reward by the market. what's going on here? ed: the limited sell side reaction we have had to this points out from an opec's perspective, this is good for dell. what the market is reading into is what it tells us

newmont wants to get due diligence. some analysts are saying they will possibly have to go higher but we will have to stay tuned to see. >> let's see whether the bid heats up and if there is anybody else that comes out of the woods. coming up, executives in london today from alliance. sharing details of their renewed partnership on bloomberg. ♪ >> bloomberg has learned that directors have agreed to a landmark deal to rebalance the carmaker possible to dictate alliance with nissan. executives will unveil details of their revamped partnership. joining us is tom mackenzie who will be at that unveiling. what can we expect to hear today? >> this is about reshaping this 24-year-old alliance. today, it is about rebranding, reshaping the partnership. the capital structure is really important. 28% of that is expected to be put in a trust where the voting rights for those shares will essentially be neutralized. this will that invest in the alleged vehicle business. we are expected to hear more from them. those are some of the det

you can see shares of newmont are trading down 4%. newcrest spiking up 11%.esults and guidance shares are recovering the premarket losses now in the green up more than 1%. tune in next hour to hear the ceo has san choury break down the numbers. >> friday's strong jobs report caused a lot of market participants and economists, and people everywhere to say is there a possibility we're going to have a recession theater? steve liesman has had a weekend to think about the numbers. >> no football to distract me. the numbers in the strong jobs report, if the job market is that strong, it's hard to imagine the economy being that weak ed yardeni, an economy that has not been landing at all, but remaining airborne amid more signs of disinflation. ian shepherdson says, investors need to brace for strong retail sales, industrial production, home sales and construction data for january, if there's more income to the consumer the cnbc fed survey before the jobs report showed respondents forecasting 0.1% gdp growth in this quarter followed by negative 0.1 in the third quart

messenger napoleon, charlie completely poignant. short dollies an indian calling to his dance that you'll newmont. if you're playing, dick was all lit up on his shoulder. creal claim him as with graphite and china, juki, kemati contaminates the surrounding soils and rivers, with its toxic releases of heavy metals discharged into nature. but in chile copper mining has serious cascading effects in a country where the smell supports almost 10 percent of the working population. only a handful of individuals dare to publicly denounced the impact of the mind on the environment that emma has been my louella killing bechtel dumbbell. we gladly deny me nidia, in in due to my function to extract and refine the copper you need water. lots of water chunky commodity, consumes almost 2000 leaders of water per 2nd. however, in certain areas of this desert, one of the most arid zones in the world, it has not rained for 500 years. garduno for fearless, he let not pass football earliest the hour sondra mentorship soon us for like i mean in here they say endured are meant for uncle for more i color sassik gala, but

. >> we're seeing the two hostiles i mentioned, public storage and newmont.ough. cash is always king in those situations. look, i think that it feels to me, i'm leaning increasingly towards the brief that whatever recession we get to the extent we get one will be modest. that will be he helpful for my business. maria: i know you can't talk about specific deals. the way disney handled nelson, that was pretty i incredible. >> yes. i think they did a great job. maria: mark, it's good to see you. thank you for coming in. we love having you. quick break and planning your next vacation, the best way to prepay it with points. top airlines are offering discounts. we've got it for you next. stay with us. ♪ no shoes, no shirt, no problem. ♪ get help reaching your goals with j.p. morgan wealth plan, a new tool in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside and the other goals along the way wealth plan can help get you ther

newmont by new crest and $17 billion all stock deal being put on the table and public storage buyingat does this tell us about the markets a what you wanted to ask you? tell you that people are saying, okay, it's better than expected. maybe with china reopening time to deploy cash and get throughout and be aggressive and maybe interest rates won't go up as much so we can afford to buy some of the companies. stuart: one more before i try to answer your question, what's spotify? that's not a deal. susan: no, but upgraded with wells fargo calling it overweight and wells saying 180 and here streams spike after the grammies. last year-over-year's big winner john -- year's big winner john baptiste spiked by 2,090 afterwards. stuart: it's a sign for the market when a lot of big deals are being made. got your cash, put it to work. susan: heard of a uk performerer named harry styles? stuart: my granddaughter is an adorer of harry styles and went to his concert. got to move on. food prices up 10% in the last year. ashley, any idea how people are trying to get a handle on grocery bills? ashley:

we are watching the bid from newmont as well as the banks coming through with their numbers.ercent. the biggest of performers, communications servicers. a lot of consumer discretionary as well as tech, interestingly, up over 1% apiece in terms of sectoral outperformance. when it comes to australia bond markers, we have not seen bond traders hearing enough from the first testimony to get encouragement. three year yield sliding, still scoped for a soft landing flag in the testimony. aussie dollar is under $.70 u.s. at the moment. the u.s. economy is showing remarkable resilience. retail sales rose for the most in two years last month. let's bring in strategist mark crandall. -- mark cranfield. is the data creating a lot of noise at this point at the risk of over interpretation by market participants? we saw what happened at the granular super core part of the inflation yesterday. >> not really. it is a gradual process. you can see people changing their minds by the way they are expressing their views with rate hikes. we started the year with investors reasonably confident the f

and she went willingly and the final part the to from to newmont from a counter—terrorist perspectived is that to a 40% of people who went to syria back in the first year either disillusioned or knew it wasn't the city on the hill. she stayed there until the hill. she stayed there until the end was caught at baghuz , the end was caught at baghuz, which is where the final stand of isis was. so you know, we should have no truck with what she's trying to do and this sort of rebranding that she's she and other people are giving herself. indeed absolutely. so major general, we've got to think about why this is happening because jihadi jack , who has because jihadi jack, who has been allowed into canada , the been allowed into canada, the very liberal government of trudeau, there's no big media rehabilitate fashion towards him . now, i put it to you that. that's because he is a white just like if you were a white male who left the country to join a organisation, there would not be a rehabilitation effort. it feels like because shamima begum is a muslim woman for some reason there's more sym

and she went willingly and the final part the to from to newmont from a counter—terrorist perspective did is that to a 40% of people who went to syria back in the first year either disillusioned or knew it wasn't the city on the hill. she stayed there until the hill. she stayed there until the end was caught baghuz , the end was caught at baghuz, which is where the final stand of isis was. so you know, we should have no truck with what she's trying to do and this sort of rebranding that she's she and other people are giving herself. indeed absolutely. so major general, we've got to think about why this is happening because jihadi jack , who has because jihadi jack, who has been allowed into canada , the been allowed into canada, the very liberal government of trudeau, there's no big media rehabilitate fashion towards him . now, i put it to you that. that's because he is a white just like if you were a white male who left the country to join a organisation, there would not be a rehabilitation effort. it feels like because shamima begum is a muslim woman for some reason there's more sym