companyis essentially a andng from show -- peugeot fiat. has a relatively decent presence in south america emerging from the presence of fiat in brazil. -- weak compared with automakers like volkswagen or in asia overall, which is clearly one of the areas where they need to come out the new strategy. psa brought in gm business as well. how critical is what he brings at the table going to be to the success or failure of this business? thomas: he has transformed peugeot into one of the most profitable car companies globally. he has been taking costs down substantially to the point where he has even shut down company headquarters and moved into working from home. he has been very aggressive on costs. at the same time, he has been pushing up prices, pushing the peugeot brand to me to meet the level of prices the volkswagen brand was reaching. they managed to do that here and they have also been raising for the four brands under the psa group. dobelieve they will try to something similar. fca is much weaker and europe. somehinking is there are s

the resulting firm will be called still lattice and will be home to 15 different brands including peugeot citroen jeep opel and dodge in today's increasingly difficult car market the company will have its work cut out for it. the 2 car companies couldn't have made it on their own neither fee at chrysler nor p.s.a. could keep up with the competition when it came to electric cars now they want to reach for the stars together as the still lantis group so these she measures we're responding to the major challenges of the automotive industry we need a certain size in order to become more efficient in research development and investment but also to put ourselves in a better position worldwide. it was a bumpy road but now p.s.a. and chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel. and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. b.m.w. will miss the promise not to give up any brand will be

to cheryl casone, the latest on the fiat chrysler peugeot merger? cheryl: done deal. welcome back.ood to see you. shareholders from both sides green-lighted the deal. this will create the world's fourth largest car maker. fiat chrysler up more than .25%. the deal should be done by the end of march. the name will be shiny and new, just like a new car. the vehicle giant saw strong shareholder report and the deal will combine some of the hottest names out there, jeep, fiat, dodge, maserati, peugeot, citron and opal. merger plans were announced in 2019 before the global coronavirus pandemic. terms were amended this past september, taking into account the new world order which led to a sweetened offer for fiat investors. there was a lot, by the way, of m & a. last year m & a was so big, deals hitting a total of $3.6 trillion in 2020. astonishing, right? only down about 5% from 2019. this included the s&p global $44 billion acquisition of ihs market, amd snapped up xilinx for $35 billion and astrazeneca absorbed alexion in a $39 billion deal. now we have car makers following in suit, str

now they will have 14 brands under the same umbrella with peugeot and jeep and dodge in the u.s.uccessful. the challenges for carlos tavares, the new ceo, put them together and maybe abandon some of the electric car investment and the oil import chinese market maybe joining forces will help them get into the chinese market with 5 billion per year they expect -- they hope to come to this challenge we know big car mega mergers have been challenging in the past overall, the start for stellantis is positive we see shares up in paris. about 6% on the french market on the first day of trading in the french and italian market before they start trading in italian after the martin luther king holiday. >> thanks. i was reading stellantis means brighten up the stars. there we are it's a bright spot on the heat map today, up 6% thank you for the latest on stellantis' opening prices and european trading. >>> stay with us because also coming up on the show, germany's cdu elects its new leader but will he be the name on the ballot sheet come november's election signs," everybody. i'm julianna t

the resulting firm will be called still lantus and will be home to 15 different brands including peugeot citroen jeep opel and dodge in today's increasingly difficult car market the company will have its work cut out for it. the 2 car companies couldn't have made it on their own neither fee at chrysler nor p.s.a. could keep up with the competition when it came to electric cars now they want to reach for the stars together as the still land to scroope so if you measure we're responding to the major challenges of the automotive industry we need a certain size in order to become more efficient in research development and investment but also to put ourselves in a better position worldwide which will go off. it was a bumpy road but now p.s.a. and chrysler will together form the world's 4th largest car manufacturer after folks toyota and the new nissan mitsubishi alliance. fiat's opel and chrysler are just 3 of the new auto giants 14 brands and that could be a problem before the pandemic the 2 sides have promised that no brand would be eliminated. will miss the promise not to give up any brand

world's 4th largest car company emerge firm will go by the names to lantus and be home to brands like peugeot citroen jeep opel and dodge. opec and its partners were meeting monday to determine production levels for february some members like nigeria are expected to push for an uptick in output following last year's pandemic forced cuts others warn that more output would undercut prices with global demand for oil still weak. egypt ethiopia and sudan have resumed talks over the grand ethiopian renaissance dam following sudan's boycott of the previous round sudan and egypt are worried about water shortages from ethiopia's decades long project on the source of the nile which aims to boost power generation. where something unusual happened in november in the cocoa industry american chocolate producer hershey's. purchase rather cocoa beans from futures markets and not directly from physical sellers in ghana and ivory coast as is typical of the purchase allowed her she to avoid a special premium for cocoa harvesters set up in both countries and that's leaving a bitter taste behind for some. helco f

fiatchrysler is in the process of merging with psa of france, the firm that owns citroen and peugeot. vote on the marriage, a tie up that will create the world's fourth biggest automotive company. shareholders are widely expected to back the deal. mgm resorts — the us casino company — has made a bid to buy the owner of british bookmaker ladbrokes with the financial support of us billionaire mogul barry diller‘s iac group, that's according to newpaper reports. entain has more than three thousand betting shops under the ladbrokes and coral brands and has a market value of about $9 billion. martay reemac has been called ‘europe's answer to elon musk‘. but why would anyone want to build an electric supercar in croatia, a country with little car industry to speak of? his firm is not only successful, it's branched out from high performance vehicles into making parts for porsche and hyundai. theo leggett caught up with him and began by asking why he's working in what — on the face of it — are two rather different businesses. we kind of stumbled into it. i started a company ten years ago ina

you cannot by a peugeot or reinoehl in america. you cannot get a ram truck in europe. the place. they have the superstar ceo. what do we expect from carlos tavarez? craig: he has done some really interesting things that psa and giving people like you reason to be excited about what's going to happen with this combined company. because you look at what he's done at psa, it was a company that was really struggling when he took over as ceo. he actually left renault and was reporting to carlos ghosn actually before he joined psa. and the job he's done turning that company around a few years m andacquiring opel from g doing what gm was not able to do for decades which is actually make money with those brands. this is coming to your point, going to be a huge house of brands. it will be challenging have all those mouths to feed, but it is interesting to watch just how many of them survive after this or whether they do some consolidation. matt: craig trudell there. ♪ anna: welcome back to "the european market open." in terms of where the equity markets are, up by 1/10 of a per

world's 4th largest car company emerge firm will go by the names to lantus and be home to brands like peugeot citroen in jeep opel and dodge. opec and its partners were meeting monday to determine production levels for february some members like nigeria are expected to push for an uptick in output following last year's pandemic forced cuts others warn that more output would undercut prices with global demand for oil still weak. egypt ethiopia and sudan have resumed talks over the grand ethiopian renaissance dam following sudan's boycott of the previous round sudan and egypt are worried about water shortages from ethiopia's decades long project on the source of the nile which aims to boost power generation. was something unusual happened in november in the cocoa industry american chocolate producer hershey's cocoa purchased rather cocoa beans from futures markets and not directly from physical sellers in ghana and ivory coast as is typical of the purchase allowed her she to avoid a special premium for cocoa harvesters set up in both countries and that's leaving a bitter taste behind for some.

with the ticker stla replace the fiat chrysler symbol, in paris the new company listed in place of peugeotant worth $48 billion. bmw responded to concern about supplies of tips for the auto industry by insisting it's ordering components and expect prompt delivery and is watching the situation closely amid reports chipmakers are concentrating on demand from consumer electronics companies. audi says it will delay some higher end models and furlough some stuff due to ship -- chip shortages. evergrand planning to declare a $2 billion bond early and avoid a premium pay out and says it will redeem the principal on 10 feb, and has arranged necessary funds. it says the redemption plan shows its cash strength and it pledged to cup obligations further -- cut obligations further. haslinda: chinese money washing into the hong kong stock market like never before, raising the likelihood of the hang seng index becoming 2021's star performer in asia. that flows pushing toward 2 billion box. -- bucks. can this reverse what we are seeing? hsi has been an underperformer. this will change all of that. david:

the stock rose and paris listed in place of peugeot. the car giant worth nearly $48 billion.eighing a listing in the u.s. that could raise to million dollars, reuters says the deal is not final, with regional rival gojack in talks. grab ceo anthony tan is resisting pressure from softbank to give control by tying up with gojack. haidi: we are seeing in this market session mild positivity trading in stocks here in sydney, reversing weakness yesterday in materials and financials up eight -- up .8%. analysts expect further upside for aussie shares, with expectations the consumer recovery will continue. we will watch the minors with numbers looking to cash in on demand from china. we are getting breaking news, california becoming the first state, to top 3 million covid infections, according to the associated press. we will get more details on that. clearly the virus will continue to impact the markets, particularly in the absence of a strong vaccine roll. s&p futures up .25%. no trading in the you as equities on the holiday. kiwi stocks lower. coming up we will speak with the form

you don't see this chart gm outperforming tesla, ford, stla, that's sell the anti which is sta and peugeoting as one stock heck of a day for general motors today. guys back to you gives microsoft a foot hold in driverless cars. phil, what's the competition are they up against google here with waymo >> you are going up against them argo a.i zooks is in this space as well there are a number of start-ups here but cruise and waymo, those are two of the ones that people will be focused on the most and tesla is out there elon musk continues to say look we will have full self driving cars out on the road he has been saying that for some time but that's are the players that people will be focusing on over the next several years. >> nice move for general motors. >>> netflix is just minutes away from ticking off big tech earnings this quarter. julia boorstin has a preview of what we can expect julia. >> wilf we are closely watching netflix's subscriber numbers they projected the addition of 6 million subscribers in this quarter. a key number investors are watching the other key subscriber number to

that's the product of the $52 billion merger between fiat chrysler and peugeot, that was just finalizedy will trade on the nyse when the market opens today under the ticker stla stellantis stla, you know what that's from, you guys, i don't need to say? >> yes, a streetcar named desire. >> if you came across it, would you have said it that way? i couldn't help myself i could not help myself. i saw stla, stellantis, i guess i thought i was taking that. i thought i was taking that for some of the psoriasis, stellantis do you have a prescription for that >> it's an interesting name, is it like stella artwa, and atlantis, where do they come up with this? and how much does it cost. >> some branding guy. >> they got their money's worth. we have already made a big deal about it. >> take it twice a day, and the itching stops. dry skin, stellantis, try it, it's good, ask your doctor. >> helping with your toenail fungus >> yeah, exactly who doesn't have that, i mean, is there really -- if there was something that worked, we all wouldn't have it, right? i'll rub some stellantis, between my toes. an

lauren: you probably never heard it but it is the merge of chrysler, peugeot, psa group.ffice depot rejected staples takeover bid for the third time. the stock doubled in the past three months. palantir will help pg&e in california to improve technology and manage wildfires. the stock is up almost 6%. look at this, rally for gamestop. a popular game play. it was up 6%. it was up actually more than that. there was no news today. this stock doubled last week. robin hood investors interested in it. there is short squeezing going on, and there is hope by the chew which cofounder now on the board to turn this company around. stuart: lauren, thank you very much. we'll foal the rally still in place. we lost a little steam. janet yellen wants to go big on stimulus. we're still own the upside. we'll tell but the latest from hillary clinton. xi is still pressing the russia angle. she want as commission, 9/11 style to look into the riot. they want to harass republicans forever. back in a moment. ♪. (ringing) - hey kaleb, what's up? how you doing? - hey, i'm good, guess what, i just