the owner is said to be trying to snap up portugal telecom. ing us now to explain what is going on is matt campbell. is that basically it? >> it is an immensely confusing whenever he told by the brazilian a telecom space. every body is rumored to be buying everybody else and vice versa. patrick tried he who has control who has control is looking to buy portugal telecom. portugal telecom is in the process of version -- merging with a brazilian carrier. it would intel breaking up the deal and find a way to understand -- unstick and taking the assets. >> a part from the complexity of explaining the deal -- it did very well so what are the obstacles? this is regulation? >> breaking up an existing deal. they have to sign off on it full set you up to reverse all of the work. portugal telecom has had a bit of a mini scandal involving the papers that it is very complicated. it involves santo, the ill-fated portuguese bank. that is something catcher draghi will have to get comfortable with. whether there's anything in the closet. talk about a deal, we t

they are trying to take advantage of this instability and grab portugal telecom.leave them? >> that is another very good question. we are going to get consolidation in the brazilian mobile space. there are four carriers. that is going to end up being three. they might be in a better telecom to merge with italia. what really gets me about this is once again i am talking about a telecom deal and it involves brazil. what is it about brazil at the moment? everybody is processed -- obsessed with brazil. are a place where we can get a deal. everybody is looking at buying everyone effectively. one iteration will happen. we have seen them spend a lot of money. for all the problems in the brazilian economy, it is a big and important country. there is a lot of growth in the telecom business. you may as well look for it in result. that is driving some of this investment. >> you guys had fun over the last couple of days. last few months look like? >> it is busy. this is the season of crazy. every big deal is being conceived of. that is just how it seems. we are talking about

portugal. it would have to split off from brazilian telecom company and voi may agree so it can raise money to f its own. it ownsing company or assets in portugal and he is worth more than $8 billion. another billion or will join us, carlos slim and just a few moments. ♪ are "in theack, you loop." bloomberg television is "on the markets." we are lower on the markets. the imf is lowering their global growth forecast. they are ratcheting down there and expect tatian by a margin. they are retching down there and expect tatian's by a margin. tatian'se expect expectations. the mcdonald's scandal is taking a toll on its profit and therefore casting a lot of $157 million in japan. the fast food chain took chicken products of its menu in japan after the supplier mislabeled meat that expired. >> you don't want that. .umber nine is chimera there was emergency use of their antiviral drug to treat ebola patient. the company is working with regulators to set up criminal -- clinical trials of the drug. the shares have surged more than 100% this year. >> number eight is las vegas sands after deutsche bank dow