let's start with occidental petroleum and its deal. furthermore, let's bring in neil, who heads energy research , good to have you with us. is the proposed deal an overpayment on the part of oxley for this company, they paid too much? >> i don't think so, i wasn't surprised by the deal, a little bit surprised by the price, as you pointed out. i think oxley has got a number of assets that it could sell in order to pay for this lower return in assets, tyler, >> so then, you say they need to reduce debt by about four, 4 1/2 billion dollars in divestitures, because they are borrowing a lot, i guess $9 billion in cash to do this deal? >> that's right, so you figure about 6 1/2%. obviously, if they can pay and sell something, four, 4 1/2 billion dollars in the first nine months, it will cut a big dent in that, really helps. so, plus, you think about it, the assets are going to sell, i believe are going to be lower margin assets than these or lower return assets than the estimate so that makes a lot of sense to swap out to these higher assets

the market is also reacting to occidental petroleum's moves to make a big fat, in a time when we haveeen a lot of big energy moves, chevron, exxon and now this occidental acquisition. and on the deal story, we have been tracking a lot of stories on this monday. share prices of macy's and cigna . let's start with the macy's story. you now have a suitor interested and an investment deal possibly coming together. we'll see what happens. shares are up more than 20% on that news. and then cigna, we have been watching that one closely as well. we thought there might be this pursuit of humana. they are backing away from that. investors like the news because it comes with the plan to focus on stock buybacks. a very busy developing day on the deal front. sonali: we will discuss this more with our bloomberg guest who has been following both stories. let's start with macy's. art-house. is an interesting activist investor. what it does their pursuit of macy's say about the market? >> is not the first time someone has made an approach to macy's, it happens many times. we have also seen a bunch of

la compañía petrolera occidental petroleum acordó comprar el productor de energía privado crown rock 6 mil millones de dólares para comprar el minorista macy's en un intento de privatizar esa compañía management, una firma de inversión centrada en bienes raíces y capital management, presentaron una propuesta para adquirir las acciones de macy's. aunque el minorista reportó fuertes ganancias trimestrales, ha estado bajo la presión de sus competidores por muchos años, especialmente de los rivales en línea y el gigante tecnológico. apple dijo que cerró las aplicaciones de terceros que permiten a los dispositivos android usar el servicio imessage para comunicar con usuarios de iphone. la compañía dice que tomó medidas para proteger la privacidad y seguridad de sus usuarios, bloqueando técnicas que explotan credenciales falsas para obtener acceso a imessage. el anuncio viene después de que beeper mini la última aplicación que habilitó imessage en dispositivos android, dejó de funcionar. yo soy es tu informea telemundo. >> gracias silvano. pasamos a hablar ahora de google, que reveló cuále

occidental petroleum agreed to acquire crown rock in a deal valued at 10.8 million dollars. transaction will close in the first quarter of 2024 subject to approvals as oil executives base pressure to keep dividends flowing as the north american shale sector matures and growth slows. dion as president says oil is moving ahead with production despite a border row with venezuela. nicolas maduro told exxon mobil to leave the region within three months raising the possibility of armed confrontation. they told oil companies -- told us will companies will not be intimidated by venezuela's threats >> as it relates to the members of the consortium they are moving ahead aggressively with production and will exploration in this region will continue. our investments will continue. no slowing down, no holding back in the investments that we have as we have for other administrative regions and counties. lizzy: that was the president speaking to bloomberg there. while we're on oil let's get a check of oil markets because it's a busy week for oil. it's been falling for seven weeks. this is

warren buffett buying shares of occidental petroleum raising it's stake to $25 billion. >>> and adobe revenue growth of 10%. >>> general motors letting go of key employees following an accident in october. new leadership is necessary to regain the trust of the customers. >>> and the iea says growth oil demand slowed in the fourth quarter by 400,000 barrels a day. it adds countries outside opec plus have enough supply to meet consumption growth. >>> fda reports that medtronic gets approval for the heart de device. the system is set to begin early next year. >>> and fresh off "barbie," paramount is working for the "american girl" film. >>> and here are things to watch for the day. we get earnings from costco and lennar and we have more policy decisions from the central bank with the ecb decision out at 8:15 a.m. and followed by the press aconference from lagchris lag lagarde. >>> let's get the latest on the market. the dow is hitting the highs of the morning up 111 points in the pre-market. for more, let's bring in bill veruth. good morning. great to see you. >> great to be with you. gr

that's occidental petroleum, down fractionally right now.day. it's expected to be the next step in sector consolidation that focuses on that permian basin in west texas, america's biggest oil-producing region. occi, by the way, will also raise its quarterly dividend, so those shares on the move. >>> a couple of analyst calls getting some attention. consumer-focused names. we're talking shares of nike, just about 1.33% higher, 35,000 shares of volume. getting upgraded from buy to neutral at citigroup. they're more optimistic about trends and gross margins, streamlined inventory, and new products coming to market ahead of the summer olympics, amongst other things. >>> we're going to end on best buy, up nearly 2%, just around 20,000 shares of volume. getting upgraded to buy from hold over at jeffries. the target goes up to 89 bucks. they think there's a replacement cycle for personal electronics coming soon to replace the stuff folks bought during the covid pandemic. they think there's tech linked to consumer interest in artificial intelligence

. >>> berkshire hathaway continues to grow the stake in occidental petroleum. 5.2 million shares purchasedn tuesday to bring the total to 43 million shares of the 27.7% stake. berkshire paid a price of $60 a share valuing the latest buy at $313 million. warren buffet started pbuying again after one month hiatus. >>> and apple watching are unavailable on their web site. it features a promotional image of the se, the lower cost model, introduced in 2022 which is not impacted by the patent dispute. >> we will have to wait and see with the watches. they are popular. >> i heard they won't work on your watches. they will only help you is through a software update. >> people love them. >> i have one. i love it. >> see you later on. >>> coming up on ""worldwide exchange," more could come including one word that investors need to know today. >>> shares of nike are hit hard ahead of the open. our next guest is not giving up on this stock yet. >>> more on the patent problems and if it is doing anything to scare off an investor. >>> we dig into the data market center with the ceo of equinix. we have a

occidental petroleum announcing to buy permian pro to user crownrock. raising the dividend. its pursuit of humana -- sorry that was a year to date 9%. after a disappointing response from shareholders. the companies reportedly couldn't come to an agreement on price and other financial terms. cigna's stock down 10% since "the wall street journal" first reported that the companies were discussing a combination. and then watch shares of macy's today. surging double digits after news that company has received a $5.8 buyout offer valuing the retail at $21 a share. obviously, surging on that news. guys, it's a huge week when it comes to potential catalysts and events. we're going to get the -- i mentioned the bond auctions happening. haven't been as focused on it lately but last time there was a 30-year auction it was disappointing and caused trepidation and nervousness across the markets. we're going to be watching k central banks. the fed is out on wednesday. bank of england and the ecb on thursday, some emerging markets central banks as well. bank of japan the following week. no

you have mna activity picking up as evidenced by the occidental petroleum deal and we learned from the wars we can't be beholdenned to the enemies and on shoring of increased u.s. production coming down the pike and the producer nations will get aligned and cut production and coming back to the soft landing scenario, if we land that plane, if we have a soft landing, you're going to see robust demand as well and that's industry capital discipline and low multiple and high dividend yield. stuart: starts in january and you sell oil stocks now and assuming you made a loss to take your loss on the expectation and then you buy them back in january. >> things have been pulled forward and everything happens sooner than in years past and my clients have by in large done their tax loss harvesting and you want to get long energy like now. stuart: okay, got it. jason, thank you very much for joining us. appreciate it. you're looking at the movers. you've got netflix. lauren: sure do. you're going to like this story. stuart: 3% gain. lauren: netflix will live stream a one night texas exhibition mat

dillards to nordstrom and calls up seven plus percent, that is not the only merger monday, occidental petroleum confirming it agreed to by crown rock for close to $12 billion, ox is moving higher by under 1% drop 10% year to date and competitors in a buying spree, there is a push for oxo to mimic them and do the same. we will be watching less than 48 hours away from the last federal reserve rate decision announcement of the year fed chair jay powell and company widely expected to leave rates unchanged this time around but this one is hugely important because we have the dot plot. stop rolling your eyes the interest-rate prediction of the aeach voting member on the tidid timing of the rate cut this is important get treasury yields moving higher at the moment if you look at the intraday's of these i don't know if we can get those up but they started to dip a couple of hours ago but what did we get we got a ten year bond yield and suddenly everything turned around, right now the tenure is up 1.6 basis points to 4.24% the two-year is up four tenths of a basis point, as we look at all of this the yi

berkshire hathaway continues to gun down shares of occidental petroleum.other 310 million worth of stock over the last couple of days bringing the company's stake -- which has been building for more than a year -- to 28%. but you know what? yeah, berkshire 's up a fraction, but sock -- occidental's up three-quarters of a percent, no real buffett bump at least in the past year. occidental is down if -- 3.3%. and you thought spacs were dead, did you? lion's gate is shipping off its studio unit in a spac if or reverse merger. the blank check deal sals the business behind the popular hunger games franchise at about a $4.6 billion. the studio will merge with scream ising eagle acquisitions corp. to create a new public firm for lion's gate's film and television assets. screaming eagle up a third of a percent, but lion's gate is down %. -- 4%. wait, isn't screaming eagle a liquor? or -- austin, you would know. now he's all shy. austin who's, like -- >> not this time, but i'll try it for you. liz: santa's clock is ticking -- [laughter] and the rush is on for those

shery: occidental petroleum is acquiring a shale driller at a deal valued over $10 million.gulatory approvals. the agreement comes as executives face pressure from investors to keep dividends flowing as the north american shale factor matures. look at west texas intermediate gaining ground after rising in the new york session. studying in the energy markets after seven weeks of losses. the longest losing streak in five years. you had to opec reports. that is it from daybreak asia. bloomberg markets china open is next. ♪ about things like changing tax rates or filing returns. avalarahhh ahhh hello, brent. avahi?ahhh if you had to choose, would you watch paint dry or compare benefits plans? compare benefits every time. come on, you know how complicated benefits can be. well, i run payroll with gusto. they make it easier to find benefits like medical, dental, and vision for my whole team. man, i think i'm going to need new glasses. don't worry. i've got you covered. yes! choose benefits without the mess. it's an amazing thing that's working with gusto. when you show generosity

widely anticipated occidental petroleum it is a substantial permian based and deal of $12 billion. think you will see much movement on price but what i would note here is the sum of corporate activity over the weekend including two parties going after macy's which has a certain value on it. also the blown up deal of cigna and humana with a follow-on share buyback. it seems like something that gets our radar up on the week is corporations dashing to the end of the year. lisa: capital markets are kind of reopening grade evaluations that might not make the deal, through maybe it was too expensive. i think this is interesting especially because there is some sort of antitrust inquiry into the exxon pioneer deal. there's a question of where these will stand given the fact that on one hand the u.s. is producing record amounts of oil. on the other hand this administration has had a focus on trying to prevent companies from getting too big. tom: i need a brief just to figure out what i'm doing this week. lisa: cpi tomorrow. the expectation is for to come in especially on the core level. we

. >> we're going to start with occidental petroleum, warren buffett's berkshire hathaway upped its stakearnings mover this morning, adobe, shares falling on weaker than expected guidance for 2024. specifically annualized reoccurring revenue for its new digital media segment is forecasted to decline 1% year over year, that's a key metric for this company because of its subscription-based model. the ceo said pricing increases during the quarter were just perhaps a bit too much, but he did add that a.i. enthusiasm is the tailwind for the business. another bright spot, net income, increased by 26%, still you see shares are down more than 3.5% for adobe. andrew? >> thank you, frank. >>> coming up on the other side of this budget committee chair jodey arrington will join us to talk funding for ukraine and israel and other big issues in washington. is there a deal to be had or not? "squawk box" comes back with that and more after this. what is cirkul? cirkul is the fuel you need to take flight. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses le