right now praxair and linda are nguyen a one and two.he merger, they will be the top dog the hope is they'll complement each other pr praxair is more -- you've got a company as diversified across end markets and region the new linda will get 43% of its sales from north america, the middle east sand africa. when the proposed deal was announced last summer, there was no guarantee it would be a sure thing. in fact when praxair reported, they had to reassure investorings on a deal distraction. as ceo steve angle put it. we're not debating car design philosophies here, or how to innovate has mobile supply chain. oxygen is the same all over the world, and our products don't travel that's why our businesses are and will continue to be locally managed. in other words given the way the industrial gas business works, the deal is simply not going to be disruptive. 1.2 billion. it might cost a billion up front to integrate the two companies they're going to be able to save 1$1.2 billion every year thereafter wow, small price to pay. what do we do wi

and the news on praxair linda deal, partly we have a decision on whether that can go ahead. at the details for you right now. the supervisory board at lind linde said to approve the praxair murder according to sources. according torger sources. you are watching bloomberg. ♪ >> that is midtown manhattan this thursday. i am vonnie quinn. a quick look at u.s. stocks and how they are performing toward midday. lot, 46 points. 2420, and euro .4%, the nasdaq up 0.4%. now some of the companies leading the gains. >> beneath that relatively calm surface, we have some standout movers, first in the casino sector, big gains with mgm, las ares, this after macau cg -- cgr was up after the estimate of 6.5%. this is the 10th straight game for revenues after the 27 month decline. a bit of a turnaround. is on pace since the beginning of march. and earnings reports, let's start up with the bad, hewlett-packard down 6% this time. this after the company missed bottom line estimates earnings -- revenues, i 2%. they put up $2.9 million. on theto networks, 15% best day since 2012 after a big release

we got news from linda and craft and praxair.s largest supplier of industrial gases. praxair your today, you can see the climate has had. shares, in german trading, they have been doing well as investors position ahead of this deal happening. isfor the x lb itself, it rising to a record close today. if you look at the underlying commodities, the materials that many of these companies produce, they haven't necessarily done as well. this looks at the components of the bloomberg commodity index. energy has underperformed. these companies don't directly make energy. in fact, it is going down. it is not necessarily a bad thing if you are making chemicals from petroleum, for example. agriculture in blue. it has fallen collectively your today. industrial and precious metals have done better this year. let's turn to a developing story. fired fbi director james comey will testify next thursday in an open session in the senate intelligence committee. joining us is the white house reporter for bloomberg news. bring us up to speed with the d

linde praxair expect it to close in the second half of 2018 and look at shars of praxair, they are highermore than 2% on this use. michelle, back to you. >> thank you, kate. >>> so you might think you wouldn't have a care in the world if you had a lot of money. not so. we'll tell you why millionaires are more afraid than ever and what's fueling that fear. >>> plus, walmart making a major move to take on amazon as it prepares to meet shareholders. we are live in bentonville, arkansas. don't move. >> announcer: the cnbc trend tracker live data board is brought to you by -- >>> welcome back, everybody. check this out. the dow moved lower just after the opening bell this morning, but since then it's been on a steady climb higher. in fact, the dow at this point above its all-time closing high. that all-time closing high was 21,115 set back in march. take a look right now, dow futures are up by 117 points. to get to the all-time intraday high it had to move up to 21,169. it is goldman and united health leading the way right now. >>> well, it is that day already, walmart media day. this also typ

germany's linde has reached a final agreement for a 35 billion other combination with praxair of the u.s. the deal will create the world's largest supplier of industrial gases, ending months of suspense about whether the deal would go through. bmw and mercedes parent daimler's u.s. sales dropped 11% and 8.2% in may, although demand did increase. the results reveal a blind spot in president trump's renewed rhetoric that german automakers sell too many cars in america. francine: thank you so much. let's get more reaction to president trump's decision to withdraw from the climate pact. joining us on the line is the you energy minister maros sefcovic. thank you for giving us a little of your precious time. do you think the e.u. will retaliate because of what the president announced yesterday? do you plan any sanctions on the u.s.? >> i think it is very premature to have this type of discussion. i think it is quite clear from the reactions of yesterday and today that the decision of united states federal government and the announcement of the american president was very disappointing for