potash's cash offer had been rejected in july as too low. prices of potash have dropped.om its peak in may. the u.k. government has announced that it will sell at least 2 billion pounds of lloyds bank shares to investors. the share sale scheduled for next spring. we will see the public offered a 5% discount. the move is part of britain's plan to fully exit its holding of lloyds in the coming months. busy morning. lots and lots of corporate news. how do we think this is going to factor in to what looks like a fairly positive european start of stock trading in around 12 minutes? caroline hyde is here with some of the details. caroline: the stoxx 600 could rally for a second day. it was initially worried by the very poor u.s. data. if you look at my chart, stoxx 600 dropped into negative territory when we initially saw those numbers coming out. u.s. employment much below what has been expected. just 142,000 in august. factory orders falling. and then we creep higher. this means we've got lower rates for longer. more cheap money. more reason to buy equities. we could see the

potash corp. in canada no longer wants this asset. back to you. jonathan: thank you very much. no price for glencore yet. anglo up 4%. bhp up 3.6%. rego likewise. waiting for a move on glencore after an epic move in hong kong. let's get the shery ahn in hong kong for your asian market wrap. shery: great start of the week for stocks across asia. we are seeing a fourth consecutive day of gains. we are headed for the longest winning streak since july. a lot of momentum after those disappointing payrolls and factory data undermining the case for a fed rate hike. japan's nikkei gaining for the fourth consecutive session, rising 1.6%. we are seeing the nikkei at the highest level in more than two weeks. the kospi gained 0.4%. closed onhina still golden week holiday. the hang seng rising 1.3%. the asx 200 gaining almost 2%. we have seen a rally in metals helping bhp billiton. it is not of course just bhp billiton on. glencore in hong kong sword. some of those stocks soaring across asia. we are seeing oil

two managers could move into the potash board but as we pointed out previously, potash needs k and s more than the other way around. >> which the share prices would point to year to date but that 7% move we've seen is more because it's reminded investors that this deal is still a potential. there's no particular new bid or anything like that but the original bid is august 6th or 7th and slightly dropped below the radar the last few weeks and coming back on investors screens again today up 7%. >> let's also talk about altice which launched a capital hike to help enhance it's acquisition of cablevision. >> that's a 10% capital increase in order to finance part of the acquisition of cablevision. jp morgan is the coordinator and book runner for the deal. certain managers of the company already announced that they will subscribe to this capital increase and this morning altice announced it is in order to finance most of the acquisition of cablevision. in a statement it says that this acquisition is based on the rates. 7.6% and almost on 8 year. this announcement comes after altice shares

. >>> canada's potash calls off the bid and american apparel files for bankruptcy protection. >>> it an out of this world weekend at the box office with "the martian" taking a top spot. the film stars matt damon as an astronaut stranded on mars made 5 million in the debut. the second best opening behind "gravity." it's the second best debut for the director trailing only "h a "hannibal." >>> now today marks the fourth anniversary of the death of apple's co-founder steve jobs. he passed away following a long battle with pancreatic cancer. jobs and steve friend steve wozniak formed apple. since his death they have reached the baffling heights of the largest company plus a hollywood movie based on the best selling biography of jobs is set to be released. the problem with this biography, yes, danny boyle is at the helm of the company. the people closest to steve jobs take issue with the script, that includes his wife, lorraine powell jobs and also tim cook himself who was on stephen colbert calling this opportunistic, something he hates. mrs. jobs, you know, she was invited to take a loo

julie: the first has to do with potash.he company is giving up on it attempted acquisition of a german company. it was an $8.8 billion acquisition and potash has been pursuing them for about a year's time. finally giving up on that and that's sending its shares up to some degree. disappointment that deal was not going to go through. i guess the question is what now will happen within the industry and will there be other companies trying to acquire them? largest of these companies. i'm also looking at alcoa. it's a big week for the company and they report earnings after the close. it is usually seen as the leading edge in terms of companies reporting their numbers. a fastenings contract. this is a large contract for the recognizes theo transition they have been trying to make some raw aluminum to a maker of finished project -- finished products. of aluminum itself has not been very strong. david: thank you very much. what is -- what does the future of finance look like? tomorrow, some of the most lauded leaders will come tog

let's start off with k plus s because canada's potash company has abandoned its bid for the takeover of k&s. now back in august we had k plus s saying the $7.9 billion takeover abandoned the prospects. it could lead to job losses. carolyn, this deal seems to be off now. >> at the other end of the 600 glencore shares spiked after the telegraph suggested the company would, quote, listen to potential takeover offers. the company's also reportedly close to spinning off some of its assets as a number of funds hey stakes in the agriculture business. the shares are higher by 9.9% in the past week. we have rebounded quite a bit. year to date, shares still down 2/3 of 1%. it's interesting it seems as though the market believes that we've hit the bottom. many of the bargain hunters coming in. many of the buyers are buying, we can buy too. many of the reports surfaced on friday about some of the sale of some of the agriculture assets. >> we've been talking for a long time about glencore spinning off the agricultural marketing. it's very cost intensive. when glencore needs to reduce the $30 bill

it covers every possible mineral you could mine, including potash. i think the gentleman from new mexico would agree that potash s not a strategic and critical mineral. it does not need environmental review waivers that this bill would provide. what many of my colleagues and i are saying is that potash is no different from many other minerals. . the kerp for southeastern new mexico that potash development and oil and gas drilling be able to occur without conflict, and this bill would threaten that. we want to make sure that mineral development doesn't conflict with other things as well throughout the country like hunting, fishing, camping, grazing, recreating, conserving, and other legitimate uses. unfortunately, this bill threatens that. and we are likely not going to grant exemptions for these purposes like we are for the oil and gas industry. i would certainly like it if sportsmen were protected from hastily adopted and permitted sand and gravel core reads. the same way you want your oil and gas drillers to be protected from hastily permitted pota

potash withdrew a 7.80 5 .illion euro proposal lloyd's is up by 1% today. the u.k..5 billion pounds of shares to institutional investors, alongside 2 billion pounds worth of shares to retail investors as they try and get rid of the belt out banks that it bought a big stake in in 2008. glencore up most 20% after rising in hong kong. lots of swaying factors surrounding glencore on this monday session. a telegraph report said the -- it is inopen to talks with suitors about selling a stake in its agricultural business. bernstein says concerns about the company's solvency are justified. has clawed back all of last monday's records, the 29% loss. betty: a really descriptive look at how the markets are trading, how they are closing in europe. from london to new york, i want to head to the nasdaq, where matt miller is standing by with more. matt: i am losing more terms irish, space needle, and double dutch. these are not jump rope term. double irish and dutch sandwich is what it should be called. these are tax evasion terms that are used for things like companies like googl

also looking at potash and mosaic.ertilizer makers being upgraded on price discipline in the markets. tradingocks have been as if the market is collapsing, and that is not the case, according to one trader. mosaic is up a little bit better than potash. both have been done more than 30% in the third quarter. finally, let's see how stocks are trading with anheuser-busch inbev, as it gets closer to its acquisition of sab miller. 44 pounds a share. sab miller is higher. one important thing to note, it's trading at a discount to the offer price. translated into dollars, about $67 a share. trading at as discount because it could take a while to get antitrust approval for the deal and because it control such a big part of the beer industry. molson coors getting the biggest lift of the three, because as the newly combined beer joint may be forced to sell off some of its assets, one might be the partnership it has with molson coors. alix: possible consolidation. thank you so much. if ab inbev and sab miller complete their deal,

shares in k plus s are trading higher on a report providing details of how potash is trying to sweeten it's bid for the german miner. the canadian company is offering 2 positions on its board and promising to build centers in germany. no new approach has been made. shares higher by 6 and three quarters of 1%. >> microsoft and google are burying the hatch cheet. they agreed to end all litigation against each other. it ends court fighting involving technologies including mobile phones, wifi and patents used in windows products. they're also dropping litigation involving motorola mobility. let's have a look at share price action in german trade. microsoft up 2%. google up 1.3%. >> microsoft set to open it's first flag ship store in manhattan on october 26th. it's located on 5th avenue at more than 22,000 square feet it has some features similar to an apple store including an answer desk for technical help and repairs and a community theater where customers can learn to use microsoft products. i want to come back to the dropping of the patent war. i wonder what triggered that. we don't kno

potash withdrawing its offer for german rifle k and s.plus s management. >>> now let's turn to our newsmaker of the morning. ben bernanke served as chairman of the federal reserve from january of 2006 through january of 2014. he took the helm when stocks and the housing market were soaring to record heights. not long after that he had to represent rescue the nation from the brink of financial collapse. charting the course of his tenure at the fed from the day he took the reins from alan greenspan until the day he passed the torch to chair yellen the dow gained 45% but tracking the markets from the depths of the great recession in 2009 until his departure. you find the blue chip index more than doubled. that eye popping performance has earned him legions of fans and as many critics. two years from leading the central bank the question is, of course, are many of the problems facing the global economy results of years from easy money from the federal reserve. the income inequality we're talking about, they're all issues we are ready to talk

the biggest drop his 1999 after potash withdrew a proposal to buy the company. lloyds up by 1%.vernment could sell 2.5 billion shares to institutional investors, alongside 2 billion pounds to retail investors, as they try to get rid of the stake . glencore, look at that, of by almost 20%, after rising 72% in hong kong. lots of swaying factors surrounding glencore on this monday's session. a report saying the company was open to an offer but did not think it would get a fair price in this market. it is in talks about selling a stake in its agricultural business. concerns about the company solvency. the company has clawed back all of last monday's record. 29% loss. back to you. joining us now with the latest on glencore's rocky week is our chief energy correspondent heavier blahs. thank you for joining us. blas.ier you could perhaps credit the movement to the article related to the selloff. in reality, would that ever happened? i think this is an indication of the long-standing position on glencore. they have said if someone was to offer at any time a good price for the company, h

the market volatility, the commodity means potash has dropped their pursuit of cayenne -- k&syenne us20% down 20%. today,iving some back 5%, but it was the moves on friday that really indicated what the world was looking like. the global stock and bond index down below 1% for the first time since april. week data for the u.s., we data for the ui k -- for the u.k.. .51. drops off when dollar you have a decision from the bank of england later this week and from the fed minutes later as well. everyone was talking rate hikes just around the corner. francine: it is going to be a very busy week in terms of data, and we have the imf in lima. apple -- basically leaves the others in the dark for the top spot. we are joined by manfredi ricca. another year-defining report. thank you so much for joining us. let's kick it off with you because we have the bloomberg markets most influential out today, janet yellen tops it. is there anything surprising in your findings? >> not really. maybe in the case of some individuals, people will be surprised. people will also argue about the choices. i suspect