the new management lineup of the veic -- new peugeot, fiat chrysler, comes from persia -- peugeot. we will see the auto sector further cut. that is very necessary because of those structural problems in the sector. matt: peugeot also has to pay a 5.5 billion euro kicker. yet the giveaway half their auto parts is this -- they have to giveaway half their auto parts business. peugeot down 8%. bob parker, you are going to stay with us. we've got a lot more to go through. we are going to bring you the stocks on the move this morning including those automakers. , down thea shares most in five years after unveiling this so-called merger. this is bloomberg. ♪ anna: welcome back two european open. it is a mixed picture. european equity markets, lots of combinations to talk about. annmarie hordern has the details. >> there is a host of earnings. we are looking at this merger or a deal. peugeot down more than 8%. fiat is skyrocketing on this deal. the peugeot family. 32% premium to take control of fiat. shareholders are assuming more market. peugeot is going to distribute .ts stake in for rac

that's why the 2 companies are merging and the french government which holds a 10 percent stake in peugeot bucks the move. we believe that getting stronger and becoming the 4th largest car manufacturer is the best way to protect jobs and to guarantee that we can compete effectively and fight for employment one point after folks logon toyota and i know new sun the merger creates the 4th biggest carmaker in the world with a sales volume of about 9000000 vehicles on uli both the deal is not quite done discussions over the final terms and legalities have yet to be finalized and there are also potential antitrust obstacles well that's how the markets reacted to the news shows today he is in frankfurt josefina chair has jumped time why is that this merger is really being billed as a merger or merger of equals 5050 investors really aren't seeing it that way and i think that's why you're seeing that peugeot shares down so much if you look at the details of the deal. yet chrysler is putting in about $5.00 to $6000000000.00 euros into the combined company so they're they're giving their shareholders

reason, peugeot shareholders are in a world of hurt right now. reporter: yes, fiat shares are climbing, while peugeot shares are falling. we see before the deal a special dividend of 5 billion euros, and fiat chrysler will get a premium in the deal of about 5 billion euros, according to our calculations. it looks like peugeot is paying the cost of merging with fiat chrysler. you also have to take into consideration that peugeot will ,ave five movers on the board five numbers proposed by fiat. at the end of the day, if you look at the details of the deal, it seems that fiat investors are gaining, while peugeot shareholders are ticking higher market risk. the deal is very preliminary. they haven't signed the first memorandum of understanding. they've made a tremendous job of returning peugeot to profits we have not seen for a long time. alix: thanks so much. now we turn to tech. apple and facebook both beat analyst estimates yesterday. apple posting services revenue that hit a record, and looked for more ways to sell an iphone, like a no interest p

peugeot is very strong in europe.s coming with its u.s. , jeep and ram, so it is a good fit for the two companies. fiat is ticking on board what could be -- guy: that is what i want to talk about. fca is up by about 9%. peugeot is down by about 11.5%. the market clearly believes that the french are taking over here. is that the correct interpretation? believesthe market that fiat shareholders are gaining from the deal, and peugeot shareholders not. why? because fiat shareholders are getting 5 billion euros of special dividends, about 1/4 of the market cap of fiat, and get a premium in the valuation to the for the combined entity of about 5 billion euros. that is why fiat shares are up and peugeot shares are down. the reason why there is this premium is that peugeot is much more valued then fiat by investors. managed to turn around peugeot, and he is making margins in europe, which is not common for a carmaker -- for a mass carmaker. now he needs a bigger canvas, and fiat chrysler has the opportunity to give him the as

fiat chrysler they are talking to peugeot. fiat chrysler rising 10% in this morning's trading session. peugeot up by 8% so it is seen as a positive for both of the businesses mentioned. renault down by 4% on the back of the story. volkswagen makes a modest move. let's ask you about the outer space, because you have actually quite liked the auto space recently, haven't you? you have been reiterating you are overweight not that long ago. is that the reason to buy into this space at the moment? nick: we looked at 30 sectors across europe and found that only 4 or pricing recessions across europe. lowestre trading on the -- of any of the sectors out there. there are huge challenges. that is the move across to ev, the emissions issues, demand in china, demand domestically in europe. we would argue things are getting better. if you look at european consumer's intentions to buy a car, that is actually moving in a positive direction. we would argue there has been a load of downgrades already. we have already started to see a stabilizat

peugeot have confirmed they intend to merge a tie up worth $50000000000.00 which would create the 4th largest automaker in the world the move comes as car makers grapple with a downturn in demand and price investments in electric and self driving vehicles. the future looks bleak for the internal combustion engine car makers worry about getting left behind for yet chrysler has failed to invest in new technologies such as autonomous driving and electric power that's why it's been looking for a partner for a long time. enter. the french company has plenty of modern technology but it's completely absent from the north american market together they could become a dream team. the french government itself a shareholder in peugeot has already given the green light and this is good news this is good news for europe because you know that we have to face the challenges of electric cars. and to face that kind of challenges you need to to have champions who will live. the combined company would have turnover of over $180000000000.00 euros and it would have around $410000.00 employees and making $9

the french government itself a shareholder and peugeot has already given the green light and this is good news this is good news for you because you know that we have to face the challenges of electric cars. and to face that kind of challenges you need to have champions who will live. the combined company would have turnover of over $180000000000.00 euros and it would have around $410000.00 employees and making $9000000.00 cars each year would put it in a different league. after folks toyota and the renault nissan alliance chrysler together with peugeot citroen would be the 4th largest car maker in the world. workers reaction to the deal were mixed. up with well there's already been one merger with opel and now this will bring jobs so it will be a very big company lots of jobs are going to be outsourced and that worries us that management hopes the merger will generate savings of more than 3 and a half 1000000000 euros but for employees hearing about cost saving sets off alarms many plants for example at fi at in italy are under utilized and peugeot's german subsidiary opel and briti

car experts and the french government which holds a 10 percent stake in peugeot therefore agree that a merger makes sense. you can see there we believe that getting stronger and becoming the 4th largest car manufacturer is the best way to protect jobs and to guarantee that we can compete effectively and fight for employment one point after folks back and try yoga and renault nissan the merger would create the 4th biggest carmaker in the world with a sales volume of about $9000000.00 vehicles annually. but some fear that the streamlining process could result in cuts at underperforming plants and superfluities departments this is const particular alarm at peugeot's german subsidiary opel all the more so because both france and italy have said they don't want to see any job losses in various countries. now to some of the other global business stories making headlines today twitter will ban political advertising on its platform from november social media companies including twitter's rival facebook and the growing pressure to stop selling ads that spread inaccurate information or off pai

peugeot have confirmed that they intend to merge a 5050 split with headquarters in the netherlands the future looks bleak for the internal combustion engine car makers worry about getting left behind. chrysler has failed to invest in new technologies such as autonomous driving and electric power that's why it's been looking for a partner for a long time. enter. the french company has plenty of modern technology but it's completely absent from the north american market together they could become a dream team. the french government itself a shareholder in peugeot has already given the green light and this is good news this is good news for europe because you know that we have to face the challenges of electric cars all for the scholars and to face that kind of challenges you need to to have champions who will live. the combined company would have turnover of over $180000000000.00 euros and it would have around $410000.00 employees and making $9000000.00 cars each year would put it in a different league. after folks fuckin toyota and the renault nissan alliance fee out chrysler together w

its debut in 1936 so let's see what's new about the 2019 astra since the brand was taken over by peugeot in 2017 we can probably expect to find some french technology here. coming via artistry manuel schaffer says the most important new feature is the 3 cylinder engine capacity options range from one to 1.5 liters but the engine was designed by opel not to. run out of the. day. there's a diesel option and 2 different gasoline models with performances that range from $77.00. to 107 kilowatts. if you are a man who was test car features the $94.00 kilowatt version but even in the lower engine performance range this vehicle has a lot of get up and go at least until you get out onto the autobahn engine performance drops off a little at higher speeds that's that. the astra has good acceleration 0 to 100 kilometers in just under 10 seconds top speed is 215 kilometers per hour. the new ashtray engines are about 20 percent more fuel efficient in the old ones. now think with the amount of all points out that the asterisk overall design hasn't changed a lot at least up front though they've made a f

longer available with a natural gas powered engine but that could change in the years to come as peugeot comes up with a new design it's highly likely that the new lineup will include an astro plug in hybrid. b.m.w. has extended its high end 8 series or. grand touring cars with the addition of a 4 door sports model based closely on the 2 door version the new grand prix claims to bridge the gap between sportiness and long range comfort because it's 6 centimeters taller and has a wheel base that's 20 centimeters wider there's a lot more space inside than in the smaller 8 series sports car but with 250 kilowatts of power under the hood the grand coupe a can still hit 100 kilometers an hour and under 4 seconds prices in germany start at $91500.00 euros. with the $208.00 crews euro has released the fully electric version of its copulate super mini visually the new model is nearly identical to its fuel driven brother which has also gone through a facelift and relaunch the $208.00 features a 50 kilowatt capacity battery which gives it a range of up to 340 kilometers and if it's hooked up to a r

car experts and the french government which holds a 10 percent stake in peugeot therefore agree that a merger makes sense. we believe that getting stronger and becoming the 4th largest car manufacturer is the best way to protect jobs and to guarantee that we can compete effectively and fight for employment. after germany's folks fighting japan's toyota and the french japanese hereto nissan alliance the merger would create the 4th biggest carmaker in the world with a sales volume of around $9000000.00 vehicles annually but some fear that the streamlining process could result in cuts underperforming plants and superfluous departments and it's that that's caused particular alarm at peugeot's german subsidiary opel all the more so because both france and italy have said they don't want to see any job losses in their countries. now the world organization for animal health is warning that's no country is immune to the risk of african swine fever asia has struggled to contain the deadly virus which was 1st detected in the world's largest book producer china last year it's since spread to vi

car experts and the french government which holds a 10 percent stake in peugeot therefore agree that a merger makes sense. we believe that getting stronger and becoming the 4th largest car manufacturer is the best way to protect jobs and to guarantee that we can compete effectively and fight for employment. after germany's folks for japan's toyota and the french japanese were no nissan alliance the merger would create the 4th biggest carmaker in the world with a sales volume of around $9000000.00 vehicles annually but some fear that the streamlining process could result in cuts at underperforming plants and superfluous departments and it's that that's caused particular alarm at peugeot's german subsidiary opel all the more so because both france and italy have said they don't want to see any job losses in their countries. the head of u.s. plane maker of boeing has faced a 2nd grueling day of questioning from lawmakers in washington dennis moon and burke denied rumors he had offered to resign in the wake of the grounding of the 737 max jet unfollowed crashes in indonesia and ethiopia

that's why the 2 companies are merging and the french government which holds a 10 percent stake in peugeot backs the move. we believe that getting stronger and becoming the 4th largest car manufacturer is the best way to protect jobs and to guarantee that we can compete effectively and fight for employment one point. after folks wagon toyota and then only sun the merger creates a carmaker with a global sales volume of about $9000000.00 vehicles are nearly. but the deal is not quite done discussions over the final terms and legalities have yet to be finalized and there are also potential antitrust obstacles. i asked analyst horst which comic is could budge next besides chrysler and as you well i think these are really the big ones that have been a play for a while now real needs to try and find a new partner or fix its relationship with nissan i think we have still open questions in germany it's going to happen with b.m.w. and mercy it is big enough to withstand all these challenges moving forward i think you know volvo car business and tire toss and checker landrover business they're also

driving towards an automotive mega merger, fiat chrysler and peugeot owner psa in talks for a possible billion team—up. and for financial markets worldwide, they are in a holding pattern as investors wait for the latest decision from the us central bank on interest rates. many of us use this messaging service, it's whatsapp. messaging service whatsapp is suing an israeli surveillance firm, nso group, accusing it of helping government spies break into the phones of about 1,400 people. whatsapp — which is owned by facebook — says nso group helped in the targeting of diplomats, dissidents, journalists and officials on four continents. whatsapp said the attacks involved malware that exploited its video calling system and allowed nso's clients to spy on users. nso has strongly denied the allegations. emily taylor is the boss of oxford information labs and a cybersecurity expert. speaking to the bbc when the story first emerged, she explained how the hacking tool dubbed pegasus worked. it will make a voice call, which doesn't even need to be answered by the recipient, and then once you are i

france's peugeot citroen is more advanced when it comes to technology but it doesn't have a big foothold in the u.s. that's why the 2 companies are merging and the french government which holds a 10 percent stake in peugeot backs the move. you can see there we believe that getting stronger and becoming the 4th largest car manufacturer is the best way to protect jobs and to guarantee that we can compete effectively and fight for employment. after folks wagon toyota and then only sun the merger creates a carmaker with global sales volume of about $9000000.00 vehicles are nearly. but the deal is not quite done discussions over the final terms and legalities have yet to be finalized and there are also potential antitrust obstacles. automotive analyst joins us from london and we've got lots of automakers working together on future technologies that are in the costs are obviously huge but which ones could merge besides fear chrysler and. but i think these are really the big ones that have been the play for a while now renaud needs to try and find a new partner or fix its relationship with niss

also in the programme: gearing up for a 50—50 merger: fiat chrysler and the french owner of peugeot confirm—up, as carmakers grapple with the shift to electric. and the veteran wine collector who bricked up his swimming pool to convert it to a wine cellar. we'll get his top vintage tips. on halloween, what better to do with your pumpkin carving cut—offs than turn them into beer? we'll get the inside track on brewing up a business from food waste. today we want to know where you stand on mark zuckerberg versus jack dorsey? do you think political ads should be banned from platforms such as facebook and twitter? let us know — just use the hashtag #bbcworklife. good to have you with us. we begin with the rejection by facebook founder mark zuckerberg of calls to follow twitter and introduce a worldwide ban on paid for political advertising. he said it wasn't right for private companies to "censor politicians or the news". the move came as the social media giant delivered its latest results. facebook made revenues of more than $17.5 billion betweenjuly and september — up 28% on the same period la

well the deal with peugeot p. s saw and fear s nott yet sealed it best work clearly keen on. wednesday at christ there's a shares today nine halff percent in milan. stays around four. and a half in paris caress has of the tales. to know john. one mega merger french carmaker psa and the fiat chrysler group have confirmed they're considering joining forces. such an alliance would create the fourth largest auto maker bringing brands like peugeot alfa romeo sicher when jeep opel and vauxhall underer one roof. it would largely be a marriage of equals with fiat chrysler is market value around twenty two billion dollars in psa around twenty six billion. gather they sold eight point seven million cars last year. says it's following the discussions with great interest the french state owns a 12% stake in psa. if you don't want to fly we are obviously taking into consideration both industrial ambition and long term job stability because we believe that strengthening ourselves by becoming the fourth largest auto maker is the best way to protect employment and ensure we can compete effec

the french government itself a shareholder in peugeot has already given the green light and this is good news this is good news for europe because you know that we have to face the challenges of electric cars all of the calls and to face that kind of challenges you need to to have champions who will live. the combined company would have turnover of over $180000000000.00 euros and it would have around $410000.00 employees and making $9000000.00 cars each year would put it in a different league after folks toyota and the renault nissan alliance fee at chrysler together with peugeot citroen would be the 4th largest car maker in the world. management hopes the merger will generate savings of more than 3 and a half 1000000000 euros but for employees hearing about cost savings sets off alarms many plants for example its feet out in italy are underutilized and peugeot's german subsidiary opel and british folks whole have been losing money for years even so the 2 sides say their merger should be completed without factory closures. in the u.k. campaigning has already begun ahead of those snap gen

the auto basket of stocks, a fairly significant day right at the bottom is peugeot riv riv rival renault stepping up as well down 1.1%. significant heavy weight in the basket banks down a frangs. we had been talking about a couple of bank earnings. retail stocks. trying to stay positive. industrials up a quarter of one percent. the cancel of that apec meeting in chile chemicals up a third of a percent. utilities trading higher in the technology basket you can see them trading gains suppliers in europe will react to some of those numbers around iphone and wearable sales. financials out based by utilities. fairly decent gains. on the day that was meant to deliver brexit we have the uk stock market trading down a forecast 7,313. across the rest of the markets, a pop for halloween in the french market, a little more for the dax. similar for italy. not much for the swiss market and spanish stocks little sluggish start. let's switch over to peugeot the company has agreed to a merge of equals creating the world's fourth largest carmakers will be based in the netherlands and listed in paris, fra

this is the peugeot business there are all sorts of financial assets ahead the french government whilet doesn't have a financial controlling stake, it does have a stake that gives them a seat at the table potentially the government could still be partially in the driver's seat on this arrangement. the other big issue we have to come to terms with is whether the markets decide if this is ultimately in the best interest of companies we had volkswagen numbers. the word is that they see auto deliveries slowing in many of their key markets. that's why we got excitement here in their deal everybody understands not only the cost rising but you are seeing slowing sales globally. a combination of these two businesses might ultimately give them some pmomentum and scale moving forward >> not many players left vw, audi and porsche what we would see is a europe with effectively two major car companies. i'll put renault still with nissan this is a major consolidation. >> it is astonishing it tells you a lot about how the auto investor views the space. trading at six or seven times forward earnings t

fiat chrysler and peugeot agree to work toward a 50-50 combination.n would be chairman and carlos sevaras would be joint c.e.o. of the companies. jerome powell calls an end to his -- policy in a good place he says. and how you did last summer. b.n.p. paribas a 35% rise in fixed revenue for the third quarter. european rhythms, i.n.g., also beat estimates. matt, a very good morning. i hope you enjoyed the loosely halloween themed headline sequence. matt: yes. absolutely. i very much enjoy halloween. do you have a costume for tonight? anna: no. but i've had to make a few. matt: all right. well, i look forward to dressing up and seeing the costumes you've made. here's the 10-year yield. i got -- why have i got a month? i got a month to show you here the yield had been rising throughout october. and then there was a rally in treasuries after -- or a -- amid the fed cut push yields down right now. 1.77 in terms of treasury yields. take a look at the mixed picture in futures this morning. we have a little bit of a mixed picture in terms of european futures a

fiat a new top dog, chrysler is in talks with peugeot. the u.k.to the polls for the third time in under five years. boris johnson wins approval for election on december 12. less than aorning, half hour from trading. let's look at what we are seeing in the futures picture. downy index futures were this morning, we are seeing losses on dax futures, 0.2%. and ftseok at cac futures, red arrows there too. in terms of u.s. futures, we did have a mixed picture this morning. s&p, dow jones, and nasdaq futures not all pointing in the same direction after the highs we saw. now we are looking at a collection of red arrows, all down by about 0.1%. patternholding narrative today, not much movement in many of the asian markets. close to they flatline as we wait for the fed to see if we get the third rate cut. that is the big picture, what we are waiting for. we have earnings stories to get through, and that will be one of the big drivers. futures look a little flat as we wait for the individual stories. , the lira very much in focus, down by 0.4%. that is a res

fromler would benefit fuel-efficient engines they could get from peugeot.e, co2 standards, admission standards. might not have to do that in the future. they have synergies clearly lying on the table that can be addressed. these are always five or 10 year projects. we have just seen chile canceling the apec summit. chinese tocting the affect the deal. that is what people must be worried about in the near term. are you worried? have you built in any kind of impact of that for the likes of bmw? arndt: i certainly haven't. i don't again he won has done that. tariff forof the 25% cars from europe to the u.s.. it would cost bmw in the area of a million. it would be very traumatic. it would be a trade war with europe. is amongst the very large manufacturers. needs tohe u.s. side be fairly careful in their judgment. guy: let's talk about brexit. the risk of a note yield brexit seems to have faded. the u.k. is a big market for some of those german manufacturers. u.k.: a slowdown in the economy is being priced in. the u.k. market down next year is being priced in. a

you want to drive a peugeot in america? it might happen. it is a massive auto deal.e'll tell you about it as "worldwide exchange" moves on right now. good to see you and welcome back happy halloween, by the way, which is also apparently the final day in october i'm brian sullivan let's see how your money is looking right now. looking a little more scarey futures were up 20 or 30 points most of the morning. you had headlines crossing that china may be more reluctant to sign a long-term trade deal that sent things down about 60 points but it was a quick flip. on your earnings front, two names to watch this morning. apple reporting better than expected number reporting up beat from wearables like the phone and the watch. reporting a big holiday quarter and turning those fortunes around stock up nearly 60%. facebook fresh off the pressure from twitter on political ads. facebook up 4.5% nearly 8.5. one of the big factors driving reaction this morning is the federal reserve's decision to cut rates. despite that move, the fed believes external pressures on the american econ

people said what about peugeot that's starting to be a possibility. >>> thank you. now to major shift in college sports the ncaa will allow athletes to be compensated for their images and likenesses here so explain, eric and jabari young join us. this news just broke >> the ncaa board of governors were meeting they said they will start the process to enhance name image and likeness opportunities it's not about getting paid from the school but you want to get some sponsorship deals, sign some autographs and nowhere did it say we will definitely allow this to happen we're going to start working on this we're going to start looking at rules and gather feedback. we have all these rules to make sure they stay within the college motto and not within the professional model we're going to start the process but we're not guaranteeing anything just yet. >> you're thinking through this. first of all, it's a very quick response to what california had done to try to move forward and say we want our athletes to be compensated for this and saying to the nca it's your move. what wo

peugeot want to create the world's 4th largest carmaker that's coming up next in business with chris. and now we can talk about how when chris one of the come over and say. trick or treat and if they. could be right back. after the fall of the berlin november night w. .

now let's brief you on some other business stories: the boards of french car giant peugeot and italian—user have agreed to work on a $50 billion merger, according to reports. an announcement could come as early as today. fiat chrysler failed to secure a merger with renault earlier this year. the auto industry is being forced to consolidate by the growing cost of new, cleaner technology. apple says profits fell 3% in the past quarter, to $13.7 billion. it has been hit by a steep fall in revenue from iphones, which still make up half its sales. apple is trying to refocus on wearable technology, such as airpod earphones and watches, as well as services like apple pay and the forthcoming streaming service apple tv+. starbucks says global sales were up 7% in the past quarter, boosted by digital ordering and delivery in china as well as new stores in the us, and demand for new cold drinks, including iced tea and coffee. it has been trying to revitalise its businesss in the face of competition from independent coffee shops and startup rivals. and now, what is trending in the business news this m

hang on, you are canadian and you say peugeot?! look, i'm really frazzled this morning, simon. cut me some slack, you didn't know the top two companies! that's right, she has halloween to prepare for this evening and has young kids, lots to prepare for. sorry to interrupt you! 0h, prepare for. sorry to interrupt you! oh, dear. let's have a look at the markets. the ftse 100 oh, dear. let's have a look at the markets. the ftse100 is lagging behind the rest of its european cou nterpa rts behind the rest of its european counterparts today, in part because of the likes of shell and lloyds, their shares have been falling today. lloyds you can see is down 1.496 today. lloyds you can see is down 1.4% at the moment. quite interesting news coming out from crest nicholson, a house—building. there is an end building. that isn't a typo. i tell you what it is, the graphics, you end up in the arrow. it's not my fault! graphics, it is not theirfault it's not my fault! graphics, it is not their fault either. graphic! crest nicholson, shares down 6

psa's brands include peugeot and citroen. shareholders of each company will own 50% of the new entity. fiat chrysler's ceo would leave the company. global news 24 hours a day, on air and at tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. guy: doesn't look like a merger of equals, judging by the share price reaction. coming up, a healthy earnings report from cigna. we speak to the ceo, david cordani, for an exclusive interview. that's next. this is bloomberg. ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." let's check those markets now. emma chandra is here. emma: stocks falling on both sides of the atlantic. and the stoxx 600 down between 0.3% and 0.4%. trade front and center again after bloomberg reported that chinese officials are warning they may not budge on the thorniest of trade issues. investors weighing a slew of earnings reports. looking at the ftse 100 and the u.k., p

for fiat chrysler and peugeot. it may be a delicacy in france, has enemiess abroad. the details, coming up. first, our top story, live from paris. the u.s. house of representatives is set to vote on formalizing impeachment proceedings against donald trump. if it passes, it will be the third time in history to do so. a roadmapould layout for impeachment that could produce public hearings in the next two weeks and a vote on impeachment by december. as the inquiry picks up steam, demococrats are looking o formalize the next stages, setting out a resolution that would layout the rules going forward. the house intelligence committee will continue its investigation. interviews will be held at public hearings. these findings will be added to a report sent to the house judiciary commitittee. republicans can call their own witnesses and the president's lawyers can take part. this could lead to a houseboat on impeachment, which, if it passes would have the senate hold a trial. the move c comes following weeks of criticisms from republicans. >> it is not a fair process, not an

big news this morning, fiat chrysler will be merging with the owner of peugeot. the deal creates one of the world's largest automakers by volume with a market value of $48 billion. fiat chrysler and peugeot owner will each own p 50% of the new entity with fiat chrysler chairman joh john elkin taking e role as chairman. this comes five months after a failed merger attempt with renault. they are next in line after the union reached a tentative deal with ford. union officials say the new contract secures $6 billion in factory investments and creates or retains more than 8500 jobs. the proposed agreement comes a week after a 40-day strike with general motors. chicago teachers continuing to strike this morning he despite a tentative agreement with helsink chicago c schools. they are demanding they add days at the end of the school year to make up for days they were on strike. the pentagon releasing video showing the u.s.-led raid that killed isis leader abu bakr al-baghdadi. the footage showing american troops closing in on the compound in syria before u.s. air forces

enter peugeot citroen. they have the tecechnology but e absent from the american market.ogether, they could be a dream team. the french government, themselves a shareholder in pew show, have given them a green light. >> this is good news for europe and france, because you know we have to face the challenges of automated cars and electric cars. in order to do that, you need to have champions at the world level. it would >> >> have turnover of over 180 billion euros. it would have around 410,000 employees. making 9 million cars each year would put it any differently. -- a different league. after volkswagen, toyota and another company, they would be the fourth-largest carmaker in the world. mananagement h hopes the mergerl generate savings of more t than 3.5 billion euros. for employeeses hearing a about cost savings set off alarms. many plants, for example, at fiat in italy, are underutilized. opel and vauxhall have been losing money for years. the two sides say their mergers should be completed without factory closures. brent: in the u.k., campaigning has begun ahead of th

a look now at some of the stories the moods of peugeot at. and fiat's chrysler have announced plans to march into the once 4th largest carmaker if the deal goes through the new industry giant would boast a market value of about $50000000000.00 fee it's prized as a bitch to see a partnership that's french automaker fell through earlier this year. twitter has announced a ban on all the political advertising beginning november the 22nd the company said the targeted advertising brought quote significant risks to politics the decision was fresh on other social media platforms to follow suit amid increasing concern they have been used to presenting misleading information to voters. in the u.k. campaigning has already begun ahead of the snap election on the 12th of december even the parliament will not close until next wednesday some lawmakers will not be contesting this seats including the speaker of the house of commons john bercow he's risen to international prominence for his room during the breaks of debates so much so that one word in particul

driving towards an automotive mega merger, fiat chrysler and peugeot owner psa in talks for a possiblehe latest decision from the us central bank on interest rates.

to other stories and the boards of peugeot and fia to chrysler have announced plans to merge into the world's 4th largest carmaker if the deal goes through the new industry giant for both a market value of about 50 $1000000000.00 chrysler's bids to see the partnership with french automaker fell through earlier this year. twitter has announced a bad political advertising beginning november the 22nd the company said that targeted advertising brought significant risks to politics the decision puts pressure on the other social media platforms to follow suit amid increasing concern being used to present misleading information to voters. japan is mourning the loss of a unesco world heritage site surely castle on the island of okinawa a fire started during the night although firefighters managed to put out the flames they were not able to save large parts of this popular tourist attraction. a piece of okinawa's cultural heritage devoured by flames firefighters battled the blaze for over 10 hours but they could not save the main hall. casal has stood on this site for over 500 years this is no

being described as a fifty fifty merger of equals between psa the french group behind brands like peugeot and citron and fiat chrysler with its stable of brands including jeep and alfa romeo. the company say the move will save thehem over three billion euros per year in costs it's a big win for fiat chrysler whose attempts to merge with we'll know earlier this year collapsed under reported objections by the french government. this time though paris as its on board but it does wanant to make sure jobs are protected. james was he now has the details. the wheels are turning for american and european comic as as a merger between fiat chrysler and pursue hopes to save billions in industry that's facing slowing demands. but the head of a new parent company based in the netherlands french group psas callers t to viruses ceo and american italianan comic to f. c. a.'s jono can in the role of f chairman. a fifty fify merger this being closely watched by the french government's. which holds a 12% stake in psa. these would create. the fourth champion at the word level. in the automotive industry i wo

to the news and the boards of peugeot and fia to chrysler have announced plans to munch into the world's 4th largest carmaker if the deal goes through the new industry john ford boast a market value for a buck $50000000000.00 this kid's cries this bitch to see the partnership with the french automaker vanno fell through earlier this year. richard has announced a ban on all political advertising bathing the 22nd of november the company said that targeted advertising brought significant risks to politics the decision puts pressure on other social media platforms to follow suit amid increasing concern they are being used to present misleading information to voters. in the philippines at least 5 people have been kids in another strong earthquake in the south of the country the 6.5 magnitude quake was the 2nd within a week it for the damaged structures already weakened by a tram i just days earlier which left at least 8 people dead and hundreds injured. japan is mourning the loss of a unesco world heritage site shooty castle on the island of okinawa a fire started during the night although fi

both shares adjusting to that economic split with peugeot down sharply. >>> as we go to break, take athe dow for the month, unh will lead that way, along with apple, caterpillar, intel and pfizer. down 151, worst day for the s&p in a couple here more "squawk on the street" after a break. obvious. sometimes, they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ servicenow put our this changes everything. you're right sir... everything. no not everything, i mean you're still blatantly sucking up to me gary. brilliantly observed, sir. always three steps ahead. six steps ahead. sixteen. so many steps. you done? a million steps ahead. servicenow. works for you. fidelity has zero commissions for online u.s. equity trades and etfs, ♪ e arto invest anywhere else. fidelity. >>> welcome back to "squawk on the street." take a look at shares of crakra heinz. they beat earnings and revenue can a i'm in a bit shy of estimates. if you look at the sto

the french carmaker that owns brands peugeot and citroen has reported an increase in revenues to spice the slowdown in. overall in the motor industry psas earnings wrote by 1% to over fifteen billion euros in the three months to the end of september. the company says that it expects the car market to shrink though in europe russiaa and latin america andnd the next two years was forecasting sales. in china to full by 7% so the tough picture for car makers in europe already there also facing new emissions regulations as well as complications from breaks as- we've been speaking about this to the head of honda's european operations the company announced earlier this year that it would. close its p plant in t t english town of swindon and move it sasays wasn't brbras that related. overseas a very tough decision- having- involving a swindon. button the- main driving change f for the transition to the industry's making is electrification i'm not as something that we have to look at where we have a best capability- best resources. now best production systems in the home of that is the way the

it's reported french owner of peugeot, psa group, wants to merge with its us—italian rival fiat chryslerould create a business with a combined market value of nearly $50 billion. a household name we all know, johnson &johnson, it claims new tests found no asbestos in a bottle of baby powder that the us health regulators previously said tested positive. the health care giant recalled 33,000 bottles of baby powder earlier in the month after the us regualtor found trace amounts of asbestos in a bottle purchased online. volkswagen has also just posted its latest results with profits up by more than 11% in the past nine months to $16.4 billion, boosted by demand for sports utility vehicle. it's not all good news though for the german car giant with slowing global demand now expected to hamper future sales. after months of brexit deadlock, mps have voted overwhelmingly to hold a general election on december 12th. it's the first election to be held in the run—up to christmas in nearly a century. jonathan blake joins us from westminster with the latest. you can imagine the christmas headlines fl

the charting of these men was part of a wider campaign of apartheid peugeot even genocide many of them were attacked in this way because of their significance to the community community leaders or religious cables. so what what is that the avenue for justice that that you and your organization are pursuing well there are many tracks this. karajan and one of the better word to the i.c.c. to investigate crimes in. it is merely the 1st if has difficulties because of course milan maher is not a state's party to the grand statute and absent a resolution or security council it's very difficult to investigate crimes in manama but the court has indicated that it will investigate certain crimes which have a link to bangladesh and. the crimes of deportation. persecution r.p. genocide. the prosecution asked to be allowed to investigate and that is receiving a great deal of support from victims bloops in particular nor who represent about 500 of the victims and i hope this bizarre. the trial chamber chamber international criminal court could make a relatively swift decision to tremendous investiga