>>reporter: nokia is returning to smartphones. >> remember this ring. >> nokia was the largest seller innthe world before losing to other platforms and these new android phones should be available early next year. >>> you c a new way. >> the systems colors are brighter and using 60% less energy and the ulbs last longer. it's that time of year when we keep tabs on santa and his annual truck. >> they have launched their website to track their journey. it features saint nick's north pole. there's a count down clock. you can call in on christmas eve for santa's exact location. >> those are your tech bytes. if you're not in the christmas spirit yet, we have the thing that might get you excited about old saint nick. >>> to you by quicken loans. home loan, it to get approvea that newly listed, mid-century ranch with the garden patio will be gone. or you could push that button. sfx: rocket launching. cockpit sounds and music crescendo. skip the bank, skip the waiting, and go completely online. that comes from a secure, qualified mortgage approval in minutes. lift the burden of getting a home

emily: would you have bought nokia? steve: i certainly wanted to buy nokia.he board disagreed and then the company said they should buy nokia. i decided to leave, i believe if executed in a certain way, it made a lot of sense. the company chose to go another direction and that is the decision the company made. i see the stock price flying sky high and all you can say is the market agrees with the direction such as taken the company. i am super excitedbout that. emily: how do you think he's doing? steve: i think he's doing a fantastic job. he's building on the cloud and on machine learning. revenues and profits have been pretty flat, but that is important to maintain as he read years the place. he has my unconditional support. emily: he has been more open to partnerships and you seem to be. he has been more open to partnerships than you seem to be. is that the right strategy? steve: i have no quibbles with anything he has done. should azure run open source software? absolutely. is it easier for him to communicate that then it would have been for a because i wa

. >>> nokia hitting the bottom of the stoxx 600 as it goes head to head with apple in a legal battle for patents for the second time in seven years. >>> donald trump calls on carl icahn to help him combat excessive regulation as the activist investor will become the president-elect's special adviser. >>> good morning. good morning. do you hear that? whole bunch of kids super excited. >> santa on the way. >> always on the roof. >> dasher, dancer, prancer. >> i think we should do something on reindeer, whether or not they really have red noses. the stoxx 600 flat to a couple points lower. you would anticipate we would be looking at light liquidity at the moment. people already packing up their bags if they're heading to the caribbean. trade very thin. just a reminder that officially the japanese market is closed tomorrow because of the emperor's birthday. so we will have no trade -- >> another reason for quiet. >> exactly. mixed markets in europe, the ftse, xetra dax, a bit lower. to the upside, media, autos, healthcare. big story in healthcare/biotech, the underlying pharmaceuticals.

it comes the same week apple sued nokia in san francisco.ccording to bloomberg, apple accuses nokia of attempting to extort money over the patents. >>> major changes for san francisco police and their use of force policy. new information about the late- night meeting that has a new policy and now must be followed. >>> a busy morning at airports across the country as people are traveling for the holiday season and we will have a look at some airport delays that might impact your travel plans, locally, and for the coming days, as well. >>> it looks good on the roads. if you are traveling into san francisco, there are people on the road. it does not look like a big crowd going into the city. >>> skies are clear and it is colder but changes on the way. it won't start until tonight. more on that. if you think it's colder, it is. >>> we return to a developing story out of the south bay that we told you about 15 minutes ago. fire crews are battling a fire south of downtown san jose next to a busy freeway that is all happening on the east side of hi

nokia is dialing back time in 2017. in today's tech bytes, we learn the company has plans to sell phones again. stay with tv9. chosen retired marine general james mattis for secretary of defense. as abc's janai norman reports, the president- elect has renewed his campaign pledge to build a wall along the u- s-mexico border. if the 17 days trump spent road show?this was the reunion. sot donald trump in ohio: "i love you, ohio, this is a great place." in cincinnati, mapping out a broad agenda that includes tax reform, repealing and replacing obamacare and focusing more on inclusion. soundbite donald trump, us president-elect: the president- elect condemning bigotry and prejudice, but just as quickly going back to some of his most controversial campaign rhetoric seen by some as just that. soundbite donald trump, president-elect: "we will construct a great wall at the border. to keeping muslims out of the country. soundbite donald trump, us president-elect: "people are pouring in from regions of the middle east - we have no

this is rooted in nokia's demised as the world's biggest phone maker.t is now a phone equipment maker. it is tapping its portfolio patents as a source of income, rather than a crosslicensing tool to protect their products. in the third quarter nokia's tech unit generated about 40% of the company's total adjusted operating profit shares. down.- shares are consumer confidence little changed this month. it is measured with household outlook. slipping to -23. if you exclude the sharp drop in july after the referendum, that is the lowest in four years. britains have a slightly more positive perception of their own financial. situation they are spending out of largely spending to hedge against faster price increases next year. fascinating bit of information about the u.k. economy, which leads me to inflation. this is the u.k. 10-year breakeven rate. expectations of inflation over the next 10 years. running out of steam? investors in joinder best returns and five years. the breaking rate last week was the highest level since january 2014. sterling's declined b

out of finland, nokia is suing claiming the iphone maker infringed several patents.ia says apple has refused to license patented inventions since they agreed to a license in 2011 which is expiring. coming up, twitter's executive brain drain. shares closing down 6% over the last two trading days. how can they turn around the company in the new year? we will discuss next. this is bloomberg. ♪ >> i'm courtney collins and you're watching "bloomberg technology." president-elect donald trump has wrapped his security briefing with pentagon officials. he also met with the ceos of boeing and lockheed martin, two major u.s. defense contractors he criticized for project costs. we are trying to get the cost down. it has turned into a program that is very expensive. >> mr. trump has been very vocal about criticism out the fighter jet and billing's plan for a new air force one. boeing's ceo said the company can build a new version of air force one for less than $4 billion. authorities in mexico have not reveal the cause of an explosion at a fireworks market that killed at least 31

the iphone maker -- nokia saying the iphone maker infringed patents.en complaints and three german regional courts and one in texas, but apple says nokia is refusing to license its patents on a fair basis and is now "using the tactics of a patent troll to attempt to extort money from apple." julie: time for a bloomberg quick take, we provide background on issues of interest . the six biggest u.s. banks have $10 trillion in assets, almost twice as much as the next 30 combined. a lot of money in not too many hands. it might even mean banks are still too big to let they'll. colette seo. here is the situation -- global regulators have worked ever since the financial crisis to make it possible for the biggest institution to close their doors without triggering an economic meltdown. a years of work to avoid lots were thrown into doubt by the election of donald trump, an outspoken critic of institutione their doors without dodd-frank, the u.s. financial regulation reform law. they have been vague about what would replace the law, but republicans have talked a

this comes one day after apple sued nokia in san francisco.ng to bloomberg, apple accused nokia of attempting to extort money over the patents. >>> the dow lost 32 points with healthcare companies continuing to struggle. the nasdaq was down 12 points. the s & p 500 finished off by 5 points. >>> declining sales of cars has caused u.s. auto making companies to slow production. general motors will shut down assembly lines at some plants in january. >>> during this holiday season, some families have to choose between paying rent, or buying gifts for their children. but ktvu's rob roth went to a celebration today where every child walked out with christmas presents. >> there are long lines, and then there's this one. it stretched from the auditorium, around the street, and over the corner. families down on their luck were waiting to get inside for a holiday celebration. among them was this richmond grandmother. >> we just come out here to give something to the kids. >> inside the more than 1500 children, some of them homeless, others from families

nokia is returning to smart-phones. ((adrienne/vo)) remember this seller of mobile phones in the world.. before losing ground to other platforms. these new android phones should be available early next year. ((kendis/2shot)) you can now see niagara falls in a whole new light. ((vo)) a new three-million dollar l-e-d lighting system was switched on last night... with 14-hundred bulbs. ((adrienne reads)) the new system's colors are brighter.... it uses 60 percent less energy... and the bulbs last longer. ((adrienne/vo)) it's that time of year.. when we start keeping tabs on santa and his annual trek. ((kendis)) norad has launched its website to track it features the saint nick's north pole village, a countdown clock and games. santa cams will stream video and you can even call in on christmas eve for santa's exact location. > looks like that front has passed over head and now we are getting the southeastern edge of high pressure! this means partly cloudy skies will be common along with breezy to gusty high elevations. stil

nokia is suing apple saying the severalaker infringed patents.complaints in germany and texas. apple says nokia [inaudible] is now using the tactics of a pagan a trap -- pig in a trough to extort money from apple. despite a record run. the company says the new download rate is the fastest in app store history with 40 million downloads in four days. it is only available on apple devices and is free and 140 countries. some reviews have been less than glowing. been labeled a haven for knockoffs. it has made an embarrassing return to the notorious list. the u.s. office of the trade representative said the online retailer had an unexpectedly high level of reported counterfeiting and piracy. alibaba suggested this could have been influenced by politics after president-elect donald trump criticized u.s.-china trade agreements. that is your bloomberg business flash. to owen --h get back let's get back to owen. let's focus on europe and the story around the italian banks. will get into the french elections. let's start and italy. the bank is struggling to

nokia has sued over patent infringement saying it refused to pay world peace.ttled a legal battle over mobile phone patents. nokia stopped making phones but kept its patent. refuses to pay for technology. the indian prime minister's decision to ban high-value notes canceled a 6% of cash in circulation. it was intended to combat corruption and tax evasion but the hardest hit has been the shop owners and hasek industries that employ more than 90% of indian workers. kathy hayes joins us with the ceo of money on mobile, the largest phone-based payment network. what is next for the move and his company. kathy: we are happy to welcome harold montgomery to our new york studio. five years as the ceo of money on mobile. a company that has been operating for five years in india. what a time to have gotten into occurred,use this has has launched a debate. critics say it is out of touch with reality and there are winners like money launderers who have earned big commissions of people try to change those large notes into bank deposits and there is the utterly devastated who

with the process be like and how do you make sure this as it turned out like nokia are to some extentskype? >> you know when i think about acquisitions emily i think about , is this something that is going to be expanding or market opportunity? guiding the technology wave of the future and is this at the core of microsoft -- isn't something that we could -- and when i look at those three dimensions this checks all the boxes and when it comes to the integration we wanted to try it a really different approach even notice of the netjets i have about which is up you want to be very integrated of the customer scenarios that we want to be able to preserve the operating the culture,gton, their brand and how they have built this fantastic professional network so that is really what i think is going to be very different about this, and even if you look at our own past and our recent past -- minecraft -- and just down the road here there is a team called the powerpoint team which of course is long basked -- but has been one the most successful acquisitions of microsoft's we do have a history of

nokia was once the largest world before losing ground to other platforms. these new phones should be available early next year. >> you can see niagra falls in a new light. switched on last night with 1400 bulbs. >> the new system colors are broughter and using 60% less energy and the bulbs last longer. it's that time of year when we keep tabs on santa and his annual trek. >> norad launched its website st. nick's north cold village. santa cams can call in on christmas eve. >> those are your tech bites. >>> it's 20 away from 6:00. this weekend might be a good weekend to go out there and chop down a tree and drag it into your home and on it. that's one of those traditions we do. here's the forecast for you as you get that tree inside, what to expect if you're going to be out cutting the tree down. saturday and sunday, both days cloudy, temperatures in the low 40s. sunday looks like the better chance for afternoon rain, snow mix. if you're wanting to dodge that, tomorrow might be the day to go out there and hunt down that perfect christmas tree. >> now, a news

nokia is bilingual suits against apple for alleged patent infringement.lated 40 patents. —— filing lawsuits. there are concerns about profits. italy's the oldest bank will be bailed out by the government for a third time. they failed to raise more than $5 billion in fresh capital from private investors. it had tried to sell new shares and conduct bonds for equity swa p shares and conduct bonds for equity swap but the money is needed to get rid of its bad loans. more than 80 garment factories in bangladesh have shut down due to strikes. the workers have been demanding a three fold hike in wages but the owners have rejected the demand. bangladesh isa have rejected the demand. bangladesh is a major exporter of clothing but the industry is often criticised by human rights groups for low wages and unsafe conditions. we report from bangladesh. garment factory workers in bangladesh are now getting $71 per month as their minimum salary, which was fixed three years ago. now they're demanding $200 per month as their life expenditure has increased 50% in the last th

nokia was once the largest sellers of phones in the world. they will be available early next year. >>> you can see niagara falls in a whole new light. led lights were switch on last night. >>> it's this time when we start keeping tabs on santa. norad launch their countdown clock and video you can call in on christmas eve for santa's exacts location. >> those are tech bytes. have a great day. walgreenhey!esents a holiday -hey!miracle. this is for you. you didn't really have to... getting the gift you almost kept for yourself? now that's a holiday mini miracle. and it's easy to create your own at walgreens... with 30 percent off photo purchases, just around the corner. walgreens. at the corner of happy and healthy. happy holidays from crayola. so when do i start? um, shouldn't it be "spokes-crayon?" can somebody turn on the a/c? i'm melting here. ♪air marker spraayer!!! chemistry, baby! so i just hold this part and spraaaaaay... i'm okay. the holidays just got more surprising. you can find these great gifts and more in the crayola aisle. aaaaaa

. >>> gnocchi is returning -- nokia is returning to smart phones. there were once the largest seller of mobile phones in the world before losing ground to other companies. these new android phones should be available early next year. >>> you can now see niagara falls in a new. switch on last night with 1400 bulbs. >>> it is that time of the year when we start keeping tabs on santa and his annual track. norad have launched their track of his 2016 voyage. you can even call it on christmas eve for santa's exact >>> christmas trees going up all over the world. it is that time of the year. for the last time the first family helped light the national tree in washington dc. >>[ clip playing ]three, two, >> the ceremony tradition started back in 1923 and takes place south of the white house fence. >>> you know the jingle very well, it means it is time to help out operation santa claus. we are accepting donations for the amazing charities on your screen. you can stop by our any of 100 was -- 120+ ups locations. >>> we are going to get some strong winds where

that ring tone probably brings back some memories and now it's possible that the gnocchi a nokia meantime could be making a comeback when it enters reproduction in 2017. >>> and it comes online maps, google has always been the leader but now apple plans to use drones to catch up. a report from bloomberg believes it can collect data faster with drones and camera equipped vans. it is planning to fly drones around cities beating street changes. apple has received approval from the faa to fly those drones. >>> can chocolate without as much sugar be just as sweet? nestli thinks so. they want to hollow out sugar particles, reducing the sugar content by about 40% while keeping the same flavor allegedly. nestli is applying for a patent and hopes to roll out new items has sugar with natural ingredients and not an artificial sweetener. >>> it looks like every cat and dog in america is on the nice list this year. americans are spending big-time on their pets for the holidays. the data analysts at adobe are seeing a huge surge in pet toy purchases in pet treats and everything else that can suffer bes

he'll have more coming nokia is dialing back time in 2017 - with plans to sell phones again! abc's kendis gibson and adrienne bankert have the details in this morning's he gets a lot of compliments. he wears his army hat, walks around with his army shirt looking all nice. and then people just say, ?thank you for serving our country? and i'm like, that's my dad. male vo: no one deserves a warmer welcome home. that's why we're hiring 10,000 members of the the confrontation between a culpeper resident and a stranger in their home, that turned deadly. plus - seven on your side with a holiday warning. the three things you need to have at your home, to keep away those package theives. good morning washington. toss to eileen - dry & cool weekend ahead - next chance of rain tuesday - another big cool down late next week tod breezy and cool. highs: 48-54 winds: w 5-15 g 25 mph tonight: mainly clear and cold. lows: 31-38 winds: w 5-10 mph saturday: mostly sunny to partly cloudy. breezy and cool. highs: 46-52 right now we are a suspected home intruder shot and killed in culpeper county.

emily: would you have bought nokia? steve: i wanted to. the board disagreed with it and said, coming back, that the company should go ahead, even though i had decided to leave. i think, is executed in a certain way, it made a lot of sense. the company chose to go another direction, and that is the decision the company made. i see the stock price flying sky high, and all you can say is the market agrees with the direction he's taking the company in, and i'm excited. emily: how you think the new ceo is doing? steve: he's doing great. he's built on machine learning and artificial intelligence. revenues and profits have not been down, they have been pretty flat, actually. that's important to maintain as threeairs the place, -- -- regears the place, and that's great. emily: he's more open to partnerships then you were, do you like that strategy? steve: should he run open source software? absolutely. i was identified as a competitor. he is taking advantage of it and he is doing the right stuff. how does life is the owner of a basketball team com

. >> a return to smart phones by nokia. remember that ring?hey are the largest seller of mobile phones in the world before losing ground to other companies and the new droid phones will be available next year. >> you can see nicaragua agree falls in a new light, a $3 million l.e.d. lighting system was switched on, bright are and more vivid colors using 630% less energy and they last longer. that time of area when we keep tabs on santa and the trip. >> norad has the website to track the 2016 including the north pole village, countdown north pole village, countdown clock, and streaming video and did you know that people born from 1945 through 1965 have the highest rates of hepatitis c, but most don't know they're infected? people can live for decades without symptoms, but over time hepatitis c can cause serious health problems. if you were born during these years, the cdc now recommends that you get a blood test for hepatitis c. so talk to your doctor and find out if you have hepatitis c. it could save your life. know more. toxic chemicals and c

nokia is suing apple saying the iphone maker infringed.hree regional german courts. apple said nokia is failing to use the tactics of opaque control to attempt to extort money. to the to attempt to extort money. owner set to approve a collective-bargaining agreement that would tentatively agreed to last week. the ap citing to people with the direct knowledge saying the vote will castous and they their ballots and the next, the dates that is the business flash. guy: coming up shortly -- daybreak america's. jonathan ferro is a bit torn. wanted to talk about paschi and also bank of america. i want to talk about bank of america and i want to one dollar for every time i hear animal spirit on "bloomberg surveillance." we will talk about animal spirit in the board room. brian moynihan, we have a highlight which we will bring to you later with a focus on the board room. and more active midsized company chief executive and we will talk about that and bring you the highlights. say, gung ho for christmas since to be the thing the bam, price action --

. >> in osaka the meals of tokyo, the chemical plants, the steel mills, the shipyards of nokia sake,he economic boost. these factories in the cities are not the real machinery behind japan. for here was the real machinery. the slums of the cities, where 64% of japan's products were made in small back room factories of five people or less. there are hundreds of thousands of these factories where a father, mother, and children work in study slavery. taking advantage of these low labor costs, the industrialists of japan knew they could undersell every other nation on earth. and they did. to the world they dumped their cheap labor products. they imported oil, scrap iron, aluminum, and secretly built up their powerful war machine. a fanatic nation turning its weapons towards conflicts. sweat for guns. sweat for planes. sweat for ships. sweat for war. ♪ but the greatest weapon made in japan was the first product, the japanese soldier. as iron ores melt inferences, so in japan humanitarian impurities are burned off the child. as the steel is shaped by beating and hammering, so is the boy ha

lauren: nokia and apple fighting over patents once again did this all started when apple filed an antitrustawsuit against two other companies accusing those companies that colluding with gnocchi are for higher patent fees. if you have responded by accusing apple of violating 32 technology patents. this soup box the second time in the past seven years the company has squared off in a dispute. nicole: the latest video game flickers out. assassin's creed at the box office this weekend. >> you're about to enter. what you're about to see, hear and feel our memories of their use. >> when you walk for me? >> your heart. >> at blizzard conditions coming for christmas weekend. janice dean coming up for that. you are watching "fbn:am." we will see you right after thet break. what are you supposed to do? drive three-quarters of a car? now if you had liberty mutual new car replacement™, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement™, we'll replace the full value of your car. liberty stands with you™. liberty mut

i think on that very powerful nokia our conversation and take questions from the audience. [inaudible] [inaudible] [inaudible] >> if i were to summarize what you're asking is there any plan or any scheme in place to put together people with complementary skills so they make a pretty good team and the answer is not exact with the sort of. people are beginning to recognize individuals with autism particularly they are people who are at that part of the spectrum where they are capable of independent, that part of the spectrum where real creativity and talent are sometimes genius level, people on that part of the spectrum actually, work can be found for them, jobs can be found for them and there was a man and denmark we broke the book to start a company called the specialist who has a son with autism and took out a mortgage on his house to start a company to prove that individuals with an autistic traits actually have economic value. what he was really saying is having a job is the way to independence in life so we started this company where he hires almost exclusively people w

julie: finland's nokia suing the maker for infringing on several patents.ow president trump could undo years of financial regulation. chile: a measure of private sector growth has climbed to its highest level in a year, flying in the face of concerns about brexit. the index was helped by a strong performance in manufacturing, the best i more than two years. retail activity slowed slightly. from five in july just after the eu referendum. promisedald trump has to dismantle the dodd-frank law in an exclusive here in bloomberg. said we should not get rid of it but amended. it is a real question of, are we over engineering a solution to his double question him a witches not have our capital invest in prince will risk. markets.tate it ended negotiations with a $22 billion drugmaker. nokia is suing apple, saying the iphone may infringe set -- infringe several mobile passion -- patents. filed complaints and three quarts, federal court in texas. apple says nokia is refusing to license on a fair basis and is using the tactics of a troll to attempt to restore from app

. >> what will the process be like and how you make sure it doesn't turn out like nokia or to some extent skype? >> when i think about acquisitions, i think is this something that's going to be expanding the market opportunities? is this at the core of microsoft? is this something we can differentiate? this checks all those boxes. david: oracle will by netsuite at a deal valued at $900 billion. oracle really wanted to move into cloud. netsuite is like the original cloud company. netsuite is a truly cloud business, almost a side project for larry ellison run by zach nelson. going to be curious to see their other buildings, -- other buildings. -- other biddings. >> he basically said i want that. >> walmart agreed to vietjet.com for $3 billion in cash, giving the world's largest retailer stronger online presence. >> it's a desperate move by walmart. the here and a half ago, the market cap was double that of amazon. now they flipped, they are at $230 billion roughly. >> bayer and monsanto, is third time the charm? the number that they are has to hit to acquire monsanto is $135 a share. they a

. >> what will the process be like and how you make sure it doesn't turn out like nokia or to some extent? >> when i think about acquisitions, i think is this something that's going to be expanding the market opportunities? is this writing the technology wave of the view chair? anything at the core of microsoft is something we can differentiate. this checks all those boxes. david: oracle will by netsuite at a deal valued at $900 billion. least surprising acquisition in the history. understand, oracle really wanted to move into cloud. >> founded by larry ellison. >> netsuite is like the original cloud company. >> netsuite is a truly cloud business, almost a side project for larry ellison run by zach nelson. it is going to be curious to see their other biddings. >> he basically said i want that. larry owns half of the netsuite. >> walmart agreed to vietjet.com for $3 billion in cash, giving the world's largest retailer stronger online presence. >> it's a desperate move by walmart. walmart, one year and a half ago, there market cap was double that of amazon. now they have flipped. they are a

it is like nokia, nokia.t said, you made a bear case for the stock, but yet you have a buy rating and $60 target on it. so bring the two together. >> i don't know if that's the trees or the forest. in the short-term it fair to say you can create that bear case. that's why the stock has been down. here, where we are now, the interesting thing looking longer term, we spent a lot of time looking at the p & ls of the different businesses. if you look at all of them, the sizing, eight times the amount of sales that nike does versus under armour. much smaller company. look at the expenses, they're very similar. percent of sales they spend 10 to 11% there are other things that continue along those lines. expensive businesses, largest player is a strong long-term competitive advantage. >> there is no scale whatsoever if you're -- no advantage to being the size of nike versus the size of lulu. >> you can say there is no advantage of being the largest or you can say the smallest are going to have a very hard time catch

. >> caller: hey, i want to get your -- what's your opinion on nokia? nok? doing fine, sell, sell, sell. i'm kind of neutral. ha, ha, ha. sell. how about craig in washington. craig! >> caller: boo-yah, jim. my stock's united reynolds. you got a target? >> stock was a buy in the '60s, in the '70s, it's too rich for me. lisa. >> caller: how are you? i am doing great. i love your show. my question is on bob evans. >> i think it's still worth a lot on its own, i think it's a good company. i like to eat there, by the way, we could use one nearby. jake in maryland, jake. >> caller: cramer, how is it going? >> i'm great, how are you? >> caller: i'm calling about abm industries. i wanted to know your thoughts. >> jake is a trump stock, trump stock, servicing and pull back a lot i'm salivating over it. let's go to richard in florida. richard! >> caller: jim cramer, boo-yah. >> boo-yah. >> caller: what itself your opinion on momo. >> i am not recommending china store, they are not a trump stock. sam in illinois. sam! >> caller: boo-yah, mr. kramer from chilly illinois

what will the process be like and how do you make sure it doesn't turn out like nokia or to some extent? >> when i think about acquisitions, i think is this something that's going to be expanding the market opportunities. this is riding the technology wave of the future? anything at the core of microsoft is something we can differentiate. this checks all those boxes. david: oracle will by netsuite in a deal valued at $9.3 billion. >> it is the least surprising acquisition in the history. >> as i understand, oracle really wanted to move into cloud. netsuite is like the original cloud company. >> founded by larry ellison. >> netsuite is a truly cloud business, almost a side project for larry ellison run by zach nelson. it is going to be curious to see their other biddings. >> they are making a desperation move. he basically said i want that. >> walmart agreed to buy jet.com for $3 billion in cash, giving the world's largest retailer a stronger online presence. >> this is a bit of a desperate move by walmart. walmart, one year and a half ago, there market cap was double that of amazon. now

what will that process, like and how do you make sure this doesn't turn out like nokia or skype? think about acquisitions, emily, i think about is this something that is going to be expandsing our market opportunity? is this riding the technology waves of the future, and is this at the core of microsoft? is this something we can differentiate. this checks all boxes. oracle announced they would buy net tweet for $9.3 billion. deal. t surprising >> they wanted to move into the close. netsuite is a truly cloud business. it was almost a side project for larry nelson and run by nelson. it will be curious to see if there were other bidders for this. this is a healthy premium. >> oracle is making a desperation move to boost their cloud revenue. >> wal-mart has agreed to buy jet.com for $3 billion in cash, giving the world's largest retailers a stronger online presence. >> this is a desperate move by wal-mart. a year and a half ago, their amazon. double of that has flipped. >> they are saying the number acquire has to hit to monsanto is $135 a share. they are talking about a break up fee

world, you think it will get back to its peak in the near future, even with companies like sony and nokia? >> no. i think go pro turned out to be a niche product as did fit bit. i would not recommend that stock because i don't think it is as special as a lot of people thought it was. >>> all right, twitter president, does that sound like the beginning of some kind of joke? think again. president-elect's tweets mean we're in a new world. we may have to revallate the risk of those on government contracts and pay up for those independent of the noise. buy why tech co-hotter on fire since the connection. today a women's health care spekt up 20% in trading today. with so many moving parts, how do we know if a trump rally really is on track? i'm going off the traction to find out. >>> plus, keeping joey and the profits? i've got the exclusive with the ceo. so stick with cramer. >> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer machine tag mad tweets. send jim an e-mail to "mad money" at cnbc.com. or give us a call at 1-800-747-cnbc. miss somethin

right now, nokia is among the worst on the stoxx 600 technology index. coming up next, and exclusive businessweek interview with j.p. morgan chase chairman and ceo jamie dimon. from new york, this is bloomberg. ♪ jon: earlier this month, j.p. morgan chairman jamie dimon was named chairman of the business roundtable, a prominent pro-business lobbying organization in washington. this issue of bloomberg businessweek features an exclusive interview with dimon himself. he talked about how he expects immigration policy to change with the trump administration. that wase rhetoric terrible during the election -- if you are black, jewish, lgbt, african-american or women, we will support you and that cut of diversity just the way we did before. has gonehe rhetoric away. even the rhetoric about immigration, president trump says if you break the law, we will deport you. come1 million undocumented only 800,000 have broken the law. business bracket has already supported immigration for that reason. it is a pro-jobs, pro growth argument. most people when they get worrie

the ability to not tire and new york marketing firm and get your brand out, are the designer was nokia zero, the ability to do that and how that region now become part of the u.s. africa trade story, you think about how those voices are now going to play in to a trade policy discussion. so in my opinion, we are moving from a place where you have a very small number of interested parties primarily extracted and that's not entirely fair, but certainly very aggressive in exploring and thinking through the africa opportunity. historically has primarily been a small handful defining the discussion and now we are moving to it looks to be a quite democratic discussion are both larger multinationals, but also small players that i think will start taking about trade and global markets in a very different way and in africa they will also drive more so than in the u.s. or europe, due also to public opinion. i would argue more people are going to listen -- these folks are becoming global traders. i think that's also a dynamic taking into account in some of these discussions and assert a big driver

nokia is doing apple patent in u.s. and germany.says it patented that agreement with apple 2011. apple has declined offers for diff -- additional patents -- patents. the suit, covering technology, display, user interface, and video coding. if you have not already bought one, scratch the amazon echo off your christmas and am -- list. the devices sold out until january 19. it had been heavily discounted to compete with the new -- newly released google home. the gadgets can predict the weather and even order pizza for you. that is your business update. joe: oil futures have reached their highest in five months. opec and non-opec members continue to be priced in on bloomberg america. what effect asked the adjustments to oil supply inventories will have. >> we think prices are likely to average seven dollars. we think prices are likely to be on average higher in the first then in the second half. i think what we will see is in the first half of the year, you will see refinery increase, so demand for crude will increase. and crude's suppl

finland-based company has filed complaints in germany and texas but apple says nokia is theirng to licenseatents on a fair basis and is using the tactics of a pay got a troll to attempt to extort money from apple. shares have fallen yet again despite record run for super mario. the new mobile game plus download rate is the fastest in app store history with 40 million downloads. it is available on apple devices and is initially free in 140 countries. the $10 fee to unlock new levels twisty and some reviews have been less than going. alibaba has in labeled a haven for knockoffs. four years after getting its name removed from the list. the u.s. office of the [indiscernible] had a high level of counterfeiting and piracy. it suggested the decision could -- inee influence by influenced by politics. guy: thank you. lure sufficient demand for the capital raising plan. they said in a statement yesterday that so far, no anchor investor has shown interest in the recapitalization plan. still with us, our guest from socgen. italy, the banking sector, and its politics all very closely intertwined at thi

nokia set to buy deepfield.sed sum but nokia says it will help customers gain a better -- and 21st century fox commencing its second takeover attempt of britain sky lblc. owns a big stake of it, but makes that formal for the percentage it doesn't already own. values the company at about $23 billion. some shareholders had weighed in when the deal had first been reported that they weren't happy with the reported price. so we'll see whether anyone else can get on board now that it's formalized. >>> earlier this week, we talked to dom chu about -- we called it selling the rip. i think because it rhymes with dip. if it's going up. now we're going to talk about buying the dip. dom chu joins us now with the overlooked stocks live from cnbc headquarters. and you only have so much time. i'm going to burn through half of it here. so can you believe tiger is not going to be playing a pro-v anymore? did you see that? he signed with bridgestone. >> you remember, joe, he hasn't played a pro-v for years. he played a nike ball

. >> nokia but it is very political. -- no, but it is very political. the bailouts, that is destroyed capital. and it is so political, because the government -- in a bank -- it is pure politics. it is a systemic that it fits -- pits brussels against rome. scarlet: that is the problem surrounding them that is different, the italian household owns more bonds than the banks. >> and italy has had weak economic growth and in terms of tough reforms, it has not had the pain or the tough medicine that spain has had. joe: and the ecb, is there a role for them to play? or is this an italian solution? >> they are in a tough position because they are a central bank and they are a regulator. the regulator part of them wants to be tough on italian banks. it has been the worry of the banks. if it needs to soften on the central bank side it may need to soften on the regulator side too. joe: thank you. scarlet: political risk building across europe. we will discuss the elections on sunday and what it means for the rest of the continent. this is bloomberg. ♪ bloomberg fi

nokia is is suing apple for patent infringement in germany.ined offers to license additional patents used by apple products. are 32 patentse in this recovery technologies including display, interface, software, and video coding. top officials from suckers english premier league met with u.s.-based owners in new york last month to discuss ways to tighten agents in the sport. owners are worried about a lack theegulation over agents, amounts paid out in fees, and media reports about malfeasance in the industry. flash" your "business update. breaking news moments ago -- president-elect, spoke to reporters in florida and said that his comments about tariffs were proven right based on events in ankara, and yes not spoken to president obama about the business market attack in germany. president-elect donald trump speaking to reporters unexpectedly just moments ago. more "bloomberg markets" ahead. this is bloomberg. ♪ david: this is "bloomberg markets." i'm david guerrero. building a potential tree mall in new jersey is a potential uphill battle. caro

>> i am a nokia. neil: what you like about it? finish that thought. >> i just spent two and a half weeks and try and take a greek restaurant any night of the week. the underlying economy is stronger than the government figures suggest. >> does that tell you the market is strong? i wait forever trying to get into the olive garden. what are you doing that i'm not doing? >> gdp is going to pick up towards 3% is beginning to the back half of this year. corporations are lean and mean. they've cut a lot out in the middle line of the statement. the revenues have started to hook up in that will fall through the bottom line. neil: what is really weird about the market is how much the financials have driven. someone and i'm wondering if it is to wait it out. all the factors seem to benefit the least technology but that was a nice run with the election. what do you make of the disproportionate role and money centers in us. fundamentally and it dramatic yield curve for men in profits. you've also had expectation of rate increases much faster

that would be different presidents of different political parties and political philosophies, but nokia did the the present is kind of going and cheering on what we would say, certainly in the campaign as straight up abuses. we had richard nixon as a president but he didn't promise to engage in abuses openly in the campaign. we had to listen to the white house tapes to find out about what he really thought. now which is followed trump twitter feed and we get the same kind of rhetoric we used to get listening to those tapes. i think what i'm worried about is not so much much, you know, relitigating those fights but just looking at just and a broader sense the large scope of presidential discretion when it comes to surveillance. and thinking about how that might be abused. we don't know, it hasn't happened yet obviously, but we should be, when susan and carrie both say they will not do something that is illegal or contents -- unconstitutional, i think that's right but what concerns me is the boundaries of what is legal and what is constitutional under just a couple of examples. most of wh

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