threatening to take opel with it. jim considered selling opel but eventually shelled the idea. instead, savings measures were meant to pull opel back into the black. but it was the workers who lost out. factories in antwerp and in vocal germany -- they were closed. gm promised to hold on to opel. >> with sales of more than one million vehicles last year, opel is clearly a vital part of our company. it is the third largest passenger car brand in europe. and it will be an exclusive mainstream brand in western europe for general motors. >> three years later, the mood has changed. a sale could be in the works. peugeot and opel have corroborated for years on family vans, for example. there ties could get closer. >> i could imagine a real synergy here with opel and peugeot with two were three platforms they could rely on. the could produce 600,000, 700,000, or 800,000 cars per platform. it sounds very democratic, but how much can we exercise a platform to keep costs down? reporter: opel provides 36,000 jobs in europe, more than half of them in germany. it is not just economically sig

as many as 34,000 are employed by opel directly, or in the firm's supply change. say the financial buyer would likely streamline the firm, slashing jobs and closing factories. and the sale also has angela merkel worried, she says she will do what she can to protect german jobs. >> talks are underway, the federal government initiated the coordination and will do everything we can on the political level to save our jobs and sites in germany. and then we will have to wait for further discussion. daniel: and opel is woven into the very fabric of german industry, it has been making cars here since 1899. suddenly, the solid foundation is being rocked by these talks. the bloomberg news agency reports that the two firms are discussing a $2 billion price tag, but no price could be high enough for those workers whose jobs could be on the line. reporter: opel workers in brussels and germany talking with bosses today, demanding answers -- what will become of their jobs if peugeot takes over? despite the insecurity, many remain confident. >> no matter if it is peugeot or gener

helena: opel here in germany can breathe a sigh of relief for now.hey are not going anywhere for the time being despite a likely takeover by french carmaker. it was the outcome of 35 minutes of highest level talks involving the german chancellor. >> good news for opel employees. following talks between angela merkel and the chief executive, their jobs will remain secure. the works council is confident the french will continue to be cooperative. our mutual goal is to strengthen opel as an independent brand and allow the companies to keep operating independently within the psa group. psa said it would uphold existing agreements after the acquisition. that applies to wage and were council agreements as well as employment and production site guarantees. opel employs 19,000 people in germany whose jobs will remain secure through the end of 2018. in addition, opel's current parent has pledged to continue investing in and producing at three german sites until 2020. the psa group supports the idea of running opel and its partner as independent companies. the

that is why they want to buy opel and vauxhall.dd over a million units in sales to their brand, leapfrog we know, control 60% of the european market. there are plenty of reasons that peugeot may want to buy opel and vauxhall. plenty of reasons why gm might want to sell. will it be politically expedient, will it work this time because they have tried this before and it did not work out. does mary barra got to do to win the germans over? after that she has a few issues with the brits. the germans over is no problem. all she has to say is we not going to fire any employees in german factories. we're not going to cut their wages. that would maybe be a big ask but that is what the germans are going to want. the french certainly are not going to want to see any job losses and the brits are not either. how strong is the brits negotiating prisons -- position question mark where is she wants to keep all the sales that she can hear in germany or peugeot will want to after a purchase, maybe britain is not going to be quite as important to the

let us see if it is favorable to a sale of opel to peugeot.oint out, so what was interesting yesterday was that this story did get talked about at the german cabinet meeting, and mterday, sure the -- nuchin. ♪ mark: traders turn hawkish on yellen's latest comments and the biggest u.s. inflation jump in almost four years. the u.s. secretary of state prepares for his first overseas visit. how will his g-20 counterparts treat trump's man? and nestle crunch. the world's leading code company misses estimates and sees significant restructuring costs, but the ceo tells us he's not troubled by trump's protectionism. >>

opel workers already knew what was on her mind before she arrived. sent a letter, possibly putting thousands of jobs on the line. the scale of a potential shakeup is caused to -- could cause the german government worried. >> [translated} we place great value on jobs in germany that are just. talks are taking place at different levels. with opel and general motors, but also on the french side. concern is not only mounting in germany. in the u.k., it union representatives are lobbying the government to make sure they protect jobs at opel's sister company. >> we need to be prepared -- we are not prepared to accept a single job loss in britain. britain is a huge market. it is the face -- fifth biggest market in the world for them. >> it is not just the workers in question. the future strategy is looking in question too. they were to move to eat cars -- e-cars by 2030. the talks caught them by surprise. daniel: lufthansa accepting a proposal from an arbitrator that includes a wage increase. highlights -- highlands would get a one off payment between five

will lead to an opel turn around. nancy spoke to the ceo in paris and asked if the anticipated synergies with opel were reasonable. >> i would like to be respectful of my partners, recognizing that we are still under discussion to eventually conclude this deal. i want to make it clear to our stakeholders, that the deal is not done. we are discussing. as you know, there was a leak last week. we are talking about this matter today because there was that leak. so, i would prefer not to answer precisely your question. my apologies for that, because we are discussion. as long as discussions are not concluded concluded, it would be premature. today here, the major point is to recognize net profit of the group increased 80%, a significant number. that we have delivered all-time record in terms of operating profit margin for the company, in terms of the core business, 6% operating profit margin. what i would like to do today is recognize the hard work and the great results of all the psa group employees and management. they h

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the company is pushing ahead with talks to buy the opel brand from general motors. alexander hirst has more. psa is ready to let the good times roll. rescued from the verge of bankruptcy by the french government in 2014 europe's third-largest automaker nearly doubled its profit last year. it is issuing its first dividend in seven years. can pull a similar turnaround with the german car brand opel which has lost billions since 2000. part of general motors european division. >> we believe there is opportunity to create a european car champion. resulting from the combination of a french company and a german company without forgetting our u.k. friends. which could be just weeks away would make psa europe's second-largest auto manufacturer after book volkswagen. it could result in savings for the company. some of that may come from cutting jobs. vauxhall employ 30,000 people mainly in germany and the u.k.. they recently met with theresa may and angela merkel. they say they will keep a promise to keep jobs in germany until 2019. jobs are a key point for the french governm

he really wants to out load opel -- she really wants to load -- offload opel and vauxhall.ully they can use those economies of scale to boost margins. >> the maker of snapchat snap , inc. wants to raise as much as $3.2 billion in its ipo. that would give snap a market value of about $18.5 billion. it would be the first social -- u.s. social media company to go public since twitter, more than three years ago. what is the message from this company? >> please don't treat us like twitter, please see us as alibaba. when we think about ipo's, there have not been a lot of big profile ones. this is one of a few. consumption from millennials, is that going to work? is it going to grow? obviously it is popular, but is it a trend that goes away in six months? is this something that has long-term potential? >> samsung's de facto leader is in detention in seoul, arrested on allegations of bribery, perjury, and embezzlement. the company has issued a statement saying they will do their best to ensure the truth is out. this seems like a big deal. >> it is. i was there when the first appeal

this week, general motors said it was in talks to sell vauxhall and opel brands to psa. cut costs if there's a deal. and that might mean closing down factories. after all, britain will be up against germany, where opel employs 35,000 people, in what is increasingly set to be a corporate beauty parade. if the takeover goes ahead, it's inevitable there will be plant closures. the crunch point comes in 2018, when a decision will be made on where to locate the next astra model. at that point, if the government wants to keep investment in the uk and keep plants open, it's going to have to pull out all of the stops in terms of offering an attractive deal to peugeot. the meeting between these two could decide that. the boss of peugeot and citroen, carlos tavares, will want at least the same concessions from theresa may that she gave to the nissan boss, carlos ghosn, last autumn, to persuade him to stay in sunderland after britain quits the single market. nissan was promised more investment in locally made components, electric batteries, and free and unencumbered access to europ

was in aaid that opel situation compared to the 14 years ago.when psa had to be bailed out by the french state. psa wasime, you know, burning a lot of cash. islos said today opel burning as much as $1 billion of cash every year. he said that psa-peugeot is ready to help that brand. i asked the ceo whether he was concerned of -- about increasing the dependence of the group on europe, cause if we have a combination with opel and vauxhall, that would bring the market share in europe to 16%. i asked whether he was concerned about increased dependence on europe, and whether this was a first step toward an expansion in the u.s. : there is nothing wrong about being strong in europe. by the way, it is perhaps something specific to understand how the european market behaves and works. so there is nothing wrong about creating a european champion. so we would be fine with 17% market share instead of 11%, as long as we are profitable, and as long as we have the ability to run the company properly. on the point you mentioned, it is too soon to talk about it.

operations, opel being the german operation.xciting because this gives general motors a chance to wipe its hands of europe ahead of the brexit. concern.t has been a the cfo said recently is will be a headwind in 2017. david: we could play that. we have it he woul -- it cued up. >> it will be a headwind in 2017, the impact from a currency standpoint. looking at the environment, moderate growth, a challenging environment with the currency in the u.k., we would expect flat-ish performances from a standpoint in 2017. does this do for gm if it went forward, their margin, their focus? matt: the margin would go up. money has been either a loser or a breakeven situation or general motors over the last decade. since right before the financial crisis. they get rid of this troubled unit. for peugeot it could be a winning situation. they could access, assume is my , to some of general motors technology. general motors has moved ahead in the electrification of cars. they have done well with the volt. that could be the possibility that peugeo

mark: breaking news, gm and persia set to discuss a $2 billion evaluation for gm opel unit as european business, a price that includes a billion dollars in cash, assuming $1 billion in liability, this is according to people familiar with the matter, we manufacture are targeting reaching a framework agreement as soon as reportinghen peugeot earnings. the transaction i should stress could still fall apart, the key sticking point it seems is identifying ways to cut costs with unions and government -- that unions and government would support, looking to make the sale financially feasible because they have overlapping model lines and industry overcapacity. developing news on the gm peugeot potential deal. this is bloomberg. ♪ ♪ from bloomberg world had quarters in new york, i am vonnie quinn. , the i am mark barton european close roughly 16 minutes away, precision on bloomberg, let's get back to the market, the bond market, the reflation policies of president trump and geopolitical risk in europe. -- $180us is the billion in assets under management. is the trump train running out of steam o

this after the news that they could buy gm european unit opel. of billionsltiples of dollars so would will be interesting to see what happens. and why these stocks are rallying is setting off sparks of hope. fiat chrysler is in the best position for this. while jpmorgan says this deal goes through with gm selling opel, that could create merger potential between fiat chrysler and gm. as for the 10 year yield ahead of yellen, we do have a bit of a rally in rates. isds are trading lower, that why we have eight basis points represented in red. the 10 year yield is up. the first time that has happened since the middle of december. a little bit of expectation here on that perhaps she will speak about rates rising. she could be talking about moderate or gradual hiking. in white we have the personal consumption index. that is the fed preferred rate of inflation. here we have the 10 year yield. 1.7 while the 10 year yield is up. a big gap suggesting that you could actually see the 10 year yield dropped back down. perhaps investors are little bit ahead of

last year, they would have been profitable if it had not then for brexit, so she wants to unload opelnd vauxhall. they can become the second-biggest carmaker in europe and hopefully use those economies of scale to boost margins. >> snap inc. wants to raise as much as $3.2 billion in its ipo. that would give snap a market value of about $18.5 billion. it would be the first social media company to go public since twitter more than three years ago. what is the message from this company? >> please don't treat us like twitter. please see us as alibaba. when you think back on ipo's, there are not been a lot of big high profile ipos. this is one of a few. this content consumption from millennials, is that going to work? is it going to grow? obviously it is popular, but is it a trend that goes away in six months? that is the real question. is this something that has long-term potential? >> samsung's de facto leader jay y. lee is in detention in seoul, arrested on allegations of bribery, perjury, and embezzlement. the company has issued a statement saying it will do its best to ensure that the

opel excutives and workers are counting on psa to fill its promises. >> one of the car industry's best-known leaders is stepping down. nissan's ceo said he is quitting to focus on the carmaker's alliance with mitsubishi. he is credited with bringing nissan back from the brink of financial real and in the late 1990's and turning it back into a successful brand. he said he hoped to hand over the running of the company. he will be replaced by the current co-chief executive. former head of the international monetary fund has been sentenced to 4.5 years of jail for misusing company credit cards when he was at the boss of a financial company. the case caused outrage in spain when it emerged. he ran up tens of thousands of euros in regular and undeclared dispenses -- expenses. the economic crisis left millions struggling for their financial survival. germany's second-biggest airline airberlin hasn't made a profit in years. lufthansa is still bogged down with its round of crosscutting -- cost-cutting. the two rivals decided to join forces to some degree. much to the chagrin of europe's biggest carri

opel in discussion to sell . what willestion is tsa get out of that deal?re less than an hour from the european open. an exciting day across asset classes. futures pointing to a positive open across the continent and in the u.k. we do have a little bit of weakness in the pound as well. maybe that adds to some upside in the ftse although yesterday the pound was down and the ftse was down. here. look at bunds we have a brief dip down, bund yields are back up in positive territory at 0.369%. but briefly dipping down. very interesting to watch, it will not be as interesting to watch as treasuries are the story in the u.s. but still, keep your eye on what is going on in european fixed income. guy: absolutely. banks, banks, banks. that is the story. it will be fascinating to see how the european space of his this morning. we have been watching what is happening with goldman sachs. have to focus on what happens here on our side of the pond. we will talk to credit agricole about what is happening here is well. dollar-yen has been an interesting trade overnight. dow

this week, general motors said it was in talks to sell vauxhall and opel brands to psa.

psa — which makes peugeot and citroen cars — is in talks to take control of vauxhall and opel.smere port and luton, which employ nearly 4,000 people. kenneth noye, who's serving a life sentence for murdering a man in a road—rage attack, has won a high court battle over whether he gets moved to an open prison. noye, who's 69, stabbed a man to death in 1996 on the m25 in kent. he'd argued that it was unfair and irrational not to allow him to go to a jail with lower security. past problems are continuing to haunt the royal bank of scotland. the bank — which is over 70% owned by the government — warned today that it made a loss of nearly £7 billion last year. that's three times more than the loss they made the year before. our business editor simonjack takes a look at what's happening at rbs. not so much a lost decade as a decade of losses. 2008 was the big one, £24 billion. since then, 4 billion, 1 billion, 2 billion, 6 billion, 9 billion, 3 billion, 2 billion and today, 7 billion. £58 billion in total. for the ninth time in a row, fines and compensation for sins of the past have

including a potential acquisition of opel by psa. these are the folks who make peugot.f you take a look at gm, they have lost money every single year going back to the year 2000 in europe, not just a little bit of money, a lot of money, what they're thinking about doing is saying, look, why do we keep throwing good money after bad money? lop it off. in the meantime, we build on our strength in the u.s. and in china. take a look at shares of general motors versus the s&p 500, we're going back to the gmipo guys. look at that, no comparison at all. this has been essentially dead money since the ipo. i remember the day when we reported on the floor of the stock exchange, there was no shortage of people who said, at a minimum, you would see general motors go to 55, $60 within a year, i think it's gotten over $40 a couple times, that's why they're saying let's build on our strengths and look toward our strengths and get rid of the weakness and that would be europe. >> wolf was about to buy an opel car, right? >> well. it's quite a turnaround for poachers as well. to be in a p

evaluation of their opel unit upwards of possibly $2 billion.nalysts seeing investors coming back into the market. certainly looks like it. we are just hours from the opening of the emirates markets ino by a now dobby -- -- dubai and abu dhabi. we see abu dhabi with gains of 1%. thethere's a jump of 3% in stock. look at what is happening in saudi arabia. performingthe best sector. egypt up and .6 percent, finally bringing that series of losses to an end. and finally a quick note as well on what is happening in terms of the key currency indices. take a look at that will strengthening .3 percent. the egyptian pound is strengthening, the u.s. dollar line, and again also some interesting moves in the south african rand. tracy: we are going to be talking emergency market -- emerging markets currencies later in the show. let's check in on first word headlines around the globe. here is doubly humphrey. here is dudley humphrey. >> thank you, tracy. mike pence in his first foreign policy address since becoming vice president said the u.s. would be unwave

so the opel deal or gm deal in europe is one of them. the question is why is gm stepping out of the european market? european market is second biggest market in the world. it's a great market and a growing market. >> i think the answer is the historic lack of profitability. you have given us targets out to 2021, will you stay independent for that period? >> we will? >> stay independent? >> i hope so. we are the fastest growing automotive supplier in the world, and probably one with increasing profitability the quickest. we have to find the difference between growth and profitability. >> thank you. have a great investor day. back to you in the studio. >> thank you, steve. very interesting. >>> we need to move on. apple shareholders will be gathering for the annual meeting in cupertino today. the stock surged by 20% this year. warren buffett revealed he more than doubled his holding in the tech giant in january. the sage of omaha explained to cnbc what makes apple so attractive. >> apple strikes me as having quite a sticky product. and an

now here in montgomery countycon because of this woman's story this man now facing several opel warrants for his arrest and he's facing charges both misdemeanord as well as felonies for fraud and forgery. live tonight in bethesda, marind maracco, fox5 local news. > on this vote, t 50, the anyways are 50. the senate being equally divided. the vice-president votes in the affirmative and the nomination is confirmed. this has never happenedefore. it took the historic step of the vice president to break a tie and now tonight bet did i devos is now officially the secretary ofially education. > ronica cleary is here with a look at what america's nextt secretary of education will e bring to the table. >>reporter: think devos has been t an active player in the michigan party.y. after major efforts put forth by the democrats and even two republicans who did not vote for her, bet did i devos has been confirmed as the next secretaryt ofhe n education. soon after the hearing that you just heard a little bit of thatt took place today she took to twitter to thank everyoneyone senate, she says i appreci

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el and att miller is outside opel's h.q.ave been absolutely devastated when she saw this news breaking. she hops on a plane because she realizes 2017 is a big political year for europe and dropping this deal into the middle of it makes life tricky. matt: yeah, absolutely huge. but it would be a real win if she could get rid of these division. they have been losing money for general motors for almost two decades now and last year of course they would have been profitable had it not been for brexit. he really wants to unload opel and peugeot wants to pick it up because they can double their market share and become the second biggest car maker in europe and hopefully use those economies as scale to boost margins. guy: how big a challenge does she face in getting this deal over the line? matt: the challenge i think could come from the fact that she didn't talk to the germans about it sooner. angela merkel and the german government are not pleased with the fact that they had to learn about this reading their bloombergs rather tha

general motors and the tsa group are discussing a valuation of roughly $2 billion for the opel unit,ccording to people familiar with the matter, who say the automakers are set to reach an agreement early next week. roughly $1 billion in cash and $1 billion in liabilities. the deal could be on the table by thursday. and unilever has rejected the largest-never takeover offer -- largest ever takeover ever in the food and beverage industry from it turned down a bid kraft heinz that would create a consumer goods giant. unilever says the offer fundamentally undervalues the company. kraft heinz indicated it was not giving up. and that is your business flash updated coming up, we will show you just how bullish investors are over unilever. this is bloomberg. ♪ julie: i am julie hyman. what'd you miss? probably not the big offer kraft heinz made for unilever. it looks like you may have missed what options did heading up to the offer becoming public. what we have here are the volume of bullish unilever options. as you can see, with this sort ish box here, we saw a surge in those options before

according to a person familiar with the matter, gm is seeking a multibillion dollar amount for opel whichsister brand mobile. ares: the french elections tightening up for the presidential contenders. he is facing resistance in his party. that comes after a scandal surfaced. anna: according to lee figaro, fellow republicans have been reluctant to set up campaign events for the candidate. he told top party members that he is withdrawing from the election that created a major crisis. let's talk about political risk and what it means to investors. let's talk about political risk. we have, manus has been looking at this chart that shows the cost of protecting yourself in france. the five year high. anna: is this around the french election or you're not expecting a big change for have to be careful? guest: the dynamics so far, it would be wise to be a little bit cautious. i guess we have seen every single time we have had some kind of popular referendum or election over the last couple of years, we have seen outcomes that have been challenges to the status quo. that is wise to be cautious and t

will he provide more details on the opel take over?ceoays numbers will be with us to talk about how that investment banking business has been doing through the last quarter. this is bloomberg. ♪ anna: welcome back. this is "bloomberg daybreak:europe." 1:49 in the morning. when we get to the start of the u.s. equity trading day, were not expected to go very far, the equity session over in asia entirely flat. the msci asia-pacific rounding out the day with very little movement. let's get the bloomberg business flash. barclays has cut the bonus pool for its investment bankers by a similar amount to last year's decline when it was reduced by 7%. because of job cuts and hiring freeze in 2016. it comes as the london-based bank is due to announce full-year earnings that 7:00 a.m. u.k. time. we will talk to the ceo here on daybreak. elon musk has said he still plans to deliver his mass-market electric sedan in july. the company said the model three electric sedan remains on schedule and reach production of 5000 units per week by the end of the

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needs to make it clear that we're not prepared in the event that peugeot buy vauxhall and vauxhall opelo a year ago. in january over 4,000 patients waited in welsh accident and emergency departments compared to 3,290 in the same month the year before. the monthly figures look at times patients wait from arrival to their discharge, admission or transfer. our correspondent, tomas morgan, told me how the figures have been greeted by the authorities in wales. the welsh government have responded today by saying the nhs in wales have again witnessed an increasingly difficult time, as they do every year over the winter period and in january. those figures you mentioned, the highlight and the standout figure being the number of patients that have waited for more than 12 hours in accident and emergency departments across wales has increased compared to this time last year, by more than 800. up to 4000 people having to wait 12 hours or more. those waiting up to 12 hours has also increased by a percentage point. but when it comes to the headline target of the four hours, the welsh government wante

opel, the continental rent for gm, and the bread in the united kingdom, have not been a moneymaker for motors and about 12% as a result of their sales. hp enterprise reporting earnings fourth quarter -- this quarter earnings per share at $.45, versus estimated $.44, it beat their first quarter net revenue, $11.4 billion, this was a miss versus the estimated $12.1 billion. hpe sees euro had adjusted earnings per share at $1.88 to $1.98. pimm: not good and the shares down nearly 5%. joe: the stock tumbling. what did you miss? donald trump called two dozen prominent corporate executive to the white house today to advise the of ministries and on taxes, regulation, and infrastructure. our chief washington arrespondent caught up with ceo earlier about why infrastructure should be a key issue. >> top priority, if you look at the economic impact of infrastructure, literally 100 basis point kind of impact on annualized gdp per year. regulationsing up for the companies so they can add more people and invest more aggressively, regulation will have a huge that the regulation will have a huge impac

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gm is seeking a multibillion dollar amount for opel, which operates vauxhall. that is the business flash. francine: the deputy ceo of agricole,ank, credit told bloomberg he is not expecting a marine le pen victory in the election or a potential frexit. those comments, as polls show a tightening of the race. >> markets are exaggerating this type of risk. they have been impressed by previous episodes, notably brexit. i quoted that a few minutes ago. they are now always looking for the risk. i am convinced it will not happen, and i am convinced that france will stick to reasonable policies. francine: meanwhile, it is exactly one month until elections are held in the netherlands. the ceo of deutsche bank abn amro told us an exit is not a scenario he expects either. thel with us, the sick -- chief executive officer executive officer across bridge and the head of european fx strategy at fimo capital markets. manish, you were a brexit proponent when you came on the show. do you think it is the same fear that -- ledaccept, to brexit m donald trump, that means marine le

it says it did not want to deal with further brexit fallout and rebuilding the opel name.cessful year for the brand, it came fifth in terms of german unit sales behind audi and bmw. let's get to our global market strategist. were you surprised when this came out? this was a huge m&a deal. seenot sure if they will roadblocks or this makes sense? >> that will be concerned over jobs in europe. places in an interesting to visit has so much coming both ways. global car companies that have different brands in different places rises with the kospi's. you see models all over the world. at the same time you have their demand or luxury at the top and. the mass-market, we are shifting from ownership of car to car is as the utility, autonomous driving. unless you are leading that, you can be left behind as we move forward into the 21st century of transport. francine: thank you so much. we will talk more about driverless cars. this is the only think tom and i really have in common. we cannot wait for driverless cars. coming up, the conversation with robert shiller at 9:00 a.m. in new y

and france to try to take over the opel and vauxhall line.ong kong disneyland. it lost 22 million dollars. attendance fell in part because of fewer tourists from mainland china. the government and disney announced a 1.4 billion dollars expansion. hong kong disneyland has been criticized or being too small. that is your bloomberg business flash. anna: taylor, thank you. a big week for the banking sector. hsbc allrclays, and out with reports the next few days. one mover we are watching is rbs. shares at a one-year high after the bank said it would scrap the plant sale of its consumer banking units. jonathan tyce and rob wood are here. we have is rbs story. how significant is this agreement they have seem to have reached with regulators? thosean: this was one of painful moments that dragged on and on. the big worry was if they did not hit the deadline, what with the losses be? point $5ady paid one billion -- $1.5 billion. at that point, rbs was a dividendtalized special share buyback story two years ago. hopefully, we begin to draw a line under

the works, maybe, reports that peugeot might be interested buying gm's european unit known as the opelthat's a strong gain, 1 1/2 dollars. i can't lead the percentage, too far away. 37 on general motors. we've had all of these opticians coming in, saying, varney, we'll give you glasses. next one. the company that owns burger king might watch this, might want to buy popeye's. what's the story. nicole: what's the story, what happened yesterday, popeye's louisiana chicken, whatever you want to call it, surged, up over 7% on the day and this is on the idea that restaurant brands international, which has burger king and tim horton's was interested in popeye's. both stocks are up five days in an a row and you can see that pop aye's is pulling back 5 1/2% now there are reports this is not going to happen. new york post, according to a source, looking at popeye's in november, and the stock surged and too pricey and they're out on this idea, but reports that restaurant brands has millions of dollars, $2 billion for acquisitions and they want to get something that doesn't compete with tim horton