>> now stepping up to the plate, a psa mint 9 honus wagner. >> go, honus. >> yay! come on.h, come on, honus, baby. >> 32 1/2 on heritage live. another bidder just jumped on. let's sell this thing. $33,000. >> the bidding ends at $33,750. >> yeah! very good! all right! >> their weekend earnings, including online sales, total $133,000, lifting the black swamp find total to $1.85 million. [ cheers and applause ] are you satisfied tonight? >> i'm ecstatic. and you know the person that's buying it wants it and appreciates it, and he's gonna add it to his collection. and maybe he'll pass it on to his family. >> a box stored and forgotten in the attic for over a century eventually changes a collectibles industry forever, along with the lives of the 20 hench grandchildren. so far, the black swamp find is like a slugger with 40 home runs at the all-star break -- well on track to surpass the goal set by peter calderon. >> there's still 10 more sets to sell, and we're still averaging almost $200,000 a set. >> and in the card-collecting market, the game's never over till the last man i

about psa this is all getting that foothold into the u.s. a combination.rket billion market cap, so you will be able to go head-to-head with ford. you have lines coming through from the ceo. let's run through those. seeing huge opportunities to share platforms with fiat chrysler. also saying china is an opportunity for the company, and also saying it does not cover long-term governance and we do not expect issues of antitrust. those are some of the lines coming in from tavarez. fors: jackie, thank you bearing with us, and your patience on that. i am interested to know about the positioning as the market is concerned. you have this euphoria, the ramp up, now a real dose of political reality, one could say, from boris johnson. how do you think the market is positioned? i think the market is positioned really well. one of the things i was going to say was that the u.k. could see a little bit of a flurry of dealmaking. there has been real caution this year, you see it in the market becauseerms of m&a people were not willing to go ahead and do transactions beca

that is the screen of the stocks psa up about 1.6% on the news. fiat chrysler up about 0.2%. these discussions have been going on a couple of months now. it is a case of confirming what had been in the pipeline for the last couple of months. let's get out to the analyst of the automotive sector. i want to ask you about the big take of price this morning not so much for fiat chrysler. >> it has been in place for weeks and months now, really the company would have indicated that it would progress into the former alliance. i don't think the market is particularly surprised >> one of the things they said is that they achieved $3.7 million a year. where do you think those are going to come from and how re realistic is it to think there will be no plant closures. >> the plan about a decade ago to create a much bigger car company. he was always looking to partners from that point platform sharing as well of psa particular vehicles. that and purchasing as well as another big area where you can save money joint vehicle programs as well 40% in savings and in the costs of staff in terms

peugeot psa group teaming up with fiat chrysler.n europe are trading at these levels at the moment. i had a look at psa group shares, about ten minutes ago, they are up 2.6%. fiat chrysler shares not up as much, by a quarter of a percent, but that is the market reaction to that big merge news in the car industry. sally, thank you very much. now to the us, where samira hussain has an important question for you! what did you have for breakfast this morning? well, if you said cereal, then you certainly aren't alone. here in the us, americans consume more than $8 billion worth of cereal every year. but investors in general mills, the company that makes cheerios and chex, will be more focused on what's in your pet's food bowl than yours when the company releases its earnings later today. now, that's because last year, general mills bought blue buffalo pet products, as a way to diversify the products it sells. both people and their pets have been moving to healthier natural food products, and general mills is banking on the love of our fo

another obstacle could be psa groupareholder of , the chinese, who went into the psatal of psa in 2014struggling. according to bloomberg sources, this would be sold, at least partly, and the family could buy parts of these dormant stakes of the french stake. we will hear probably more details as we hear from the board meeting that is still happening. finally, legal obstacles could also, in the way. -- could also come in the way. italian tax authorities asking billion as much as $1.5 regarding the chrysler acquisition a few years ago. on the other site, chrysler being accused of bribery and corruption. a has denied any wrongdoing. if this is binding and signed today, we should complete the deal in one year from now. usnie: more broadly, talk to about the strikes that gripped paris over the last couple of months. are they coming to an end? will we look forward to more in january? caroline: of course it is possible. there is stillak mass demonstrations going on across the country according to the most radical union, 350,000 people were protesting today in the french capital. we are still

fiat chrysler and psa have signed off to create the world's fourth-largest carmaker, led by psa's ceosen says sales were significant lower-than-expected. analysts question if it can continue as a standalone company. -- will buy a business from cigna according to "the financial times." cigna would get a cash injection , needed after a $6.7 billion takeover last year of express scripts. alix: another company i am watching this morning's tesla. the carmaker may actually cut the price of its china made model three sedan by 20% or more next year. tesla is betting the move is going to lure some buyers in the world's largest market for electric vehicles. ev makers in china are struggling with an unprecedented slump. you've got sales of electric cars that have fallen for months after the government scaled back subsidies, a very competitive environment that could put pressure on some of the chinese electric vehicle companies. one has already been totally decimated in terms of market cap, and has already had to lay off a lot of its workforce because of that. tesla now ramping up the pressure. c

the board representation holds roughly 12% of psa.he deal will send two carmakers into a global giant. rose european car sales 4.5% in november, the third month of gains in a row putting sales on track for a flat 2019. i of today's board meeting, we b metzler,e head of juergen peoplieper. does this create a global giant to be reckoned with? ofrgen: yes it does in terms size, globalization and revenues. one of the top five carmakers in the world. simply, this group has some advantages on its side. it is strong in the european volume market and in the north american suv market but on the other hand, it lacks some things like very good premium brands except for ferrari and a good position in china that it is sensible in the end. anna: many people make the argument that we need to see consolidation in the sector because of the amount of research and development bending required. the big event towards -- the big pivot towards electric vehicles. what will make sure that the m&a done in this sector will produce results allowing for the benef

we've got the psa deal for fiat chrysler.ombined will become the world's fourth biggest automaker by sales, not in terms of market cap, of course. they are still a smaller company manymany out there -- than out there, volkswagen, general motors, toyota, and tesla. delivery businesses in europe could be and focus today after fedex cuts its profit outlook, the second consecutive quarter admitted -- amid weak international demand and higher investment that we have heard this negativity from fedex. deutsche bank analyst describing the numbers out of fedex as breathtakingly bad. -- deutsche bank is describing the numbers out of fedex as breathtakingly bad. startect weakness at the of trade today. ♪ what are you doing back there, junior? since we're obviously lost, i'm rescheduling my xfinity customer service appointment. ah, relax. i got this. which gps are you using anyway? a little something called instinct. been using it for years. yeah, that's what i'm afraid of. he knows exactly where we're going. my whole body is a compass.

, creating the world's fourth biggest auto company, which will be led by psa's ceo, carlo tavares. in germany, chancellor angela merkel's government is aiming to ban what is known as gay conversion therapy for minors. the government says the practice, which claims to make gay people heterosexual, has no scientific basis and often causes psychological harm. the law has to be passed by parliament before it takes effect. >> by banning conversion therapy, germany's health minister says he wants to protect young people. the law says that so-called cures for homosexuality that try to change people's sexual preferences lead to considerable emotional and physical damage. >> this is about addressing individual suffering and the suffering of those who have received the therapy, but it also signals to society that homosexuality, being gay or lesbian, is totally ok. >> he has experienced so-called gay conversion therapy. today he is openly gay, living without the guilt his strict pentecostal community pressured him to feel. he had been plagued by thoughts of suicide. finally, he sought the hel

. >>> board members of fiat crim race here and psa the owner of peugeot have inked a deal that wouldo the world's fourth-largest automaker. the move is expected to produce a wider variety of cleaner vehicles at a faster pace including more powered by electricity. the new company doesn't have a name yet. it will be led by psa's ceo. >>> and retailers are expected to ring up record sales on super saturday. this year there are fewer days than usual between thanksgiving and christmas. giving shoppers less time to buy gifts. in recent years the saturday before christmas has seen a late surge in shopper traffic. many retail analysts estimate the surge will make super saturday the biggest shopping day this year. >>> anne-marie? >> how about you, diane? are you going to be contributing to super saturday, or are one of those super organized people? >> i'm in the middle. i'm like pretty much done, but i've got to check with my sister to make sure there's not a couple other items i don't have to check off. depends -- kind of depends on the family experience of things. >> i understand. i underst

so superexcited about that. >> last year fca and psa more than 8 million vehicles.aking the combined company the world's fourth largest auto maker, bigger than gm and but don't look for "g" and ford to follow fiat chrysler'sead and seek a major merger of their own. that's because bothuto makers are more focused on becoming leaner and morerotable. phil lebeau "nightly business report," chicago. >>> it's time to look at some much today's upgrades and awngrades. deupgraded to buy fm hoild at deutsche bank. the analyst citg solid demand and historically low stock valuation. the price target is the stock fell a fraction to 58.58. >>> eli lil upgraded to overweight from equal weight at morgan stanley site citing the diabetes drug saying strong and durable sales. the price target is $150. stock up 3% to 129.48. >>> the real real was initiated with a buy rating at b. rile in new coverage. company is well positioned to take advantage of the growing part of the retail market right now. price target, $23.e tock rose 1.5% to $17.70. >>> hal burton downgraded to market perform f

my scan and psa test were both normal, so my risk is low.hn swain, are diagnosed once their disease has spread and is incurable. john, whose 56 and from leicestershire, was told in may and has been given another 3— seven in may and has been given another 3— seve n yea rs in may and has been given another 3— seven years to live. a massive shock to have prostate cancer. itjust came to have prostate cancer. itjust ca m e totally to have prostate cancer. itjust came totally out of the blue. and they can control it for a period of time through hormone treatment and chemotherapy, but i think eventually the cancer wins. a family history of prostate cancer increases your risk of getting the disease. black men are at higher risk, too. if the mra trial is successful, it could lead to the first national screening programme for the most common cancer in men. and grab in men. fergus walsh, bbc news. barberjack bubis has been transforming his salon in washington into a winter wonderland for more than three decades. this year his christmas display is dedic

my scan and psa test were both normal, so my risk is low. are diagnosed once their disease has spread and is incurable. john, who's 56 and from leicestershire, was told in may and has been given another three to seven years to live. a massive shock to have prostate cancer. itjust came totally out of the blue, and they can control it for a period of time through hormone treatment and chemotherapy, but i think, eventually, the cancer wins. a family history of prostate cancer increases your risk of getting the disease. black men are at higher risk too. if the mri trial is successful, it could lead to the first national screening programme for the most common cancer in men. fergus walsh, bbc news. time for a look at the weather. here's darren bett. hello, george. it will get milder over the next few days but at the moment it's still cold, with clearer skies in many places, mist and fog reforming and in some parts of the country, like herefordshire, the flog —— fog did not clear all day and it's been very cold under that fog as well. the early ra

my scan and psa test were both normal, so my risk is low.nosed once their disease has spread and is incurable. john, who's 56 and from leicestershire, was told in may and has been given another three to seven years to live. a massive shock to have prostate cancer. itjust came totally out of the blue, and they can control it for a period of time through hormone treatment and chemotherapy, but i think, eventually, the cancer wins. a family history of prostate cancer increases your risk of getting the disease. black men are at higher risk too. if the mri trial is successful, it could lead to the first national screening programme for the most common cancer in men. fergus walsh, bbc news. the presenter of itv‘s love island is standing down after being charged with assault. caroline flack has hosted the hugely successful programme for five years, but will not be in the role for the next series in the new year, as lizo mzimba reports. last week, the tv presenter caroline flack was arrested and charged with assault by beating, following what her sp

what do you think of this psa-fiat deal?nal straw in the legacy of carlos ghosn. not that long ago, it was going to be fiat merging with renault and nissan in this huge alliance, and that didn't happen. that got leaked too early, then blown up, and i we see peugeot fiat disappearing into the sunset together. alix: i have to wonder how this all plays out with europe and the u.s., too. you need to team up because you need to spend billions of dollars on the ev market, and most of those cars aren't even profitable yet, and you need your old cars to finance the new cars. so who is left standing at the end of the day? ed: potentially we see these mega global players, because they have to get the ev piece of this right, with tesla in the background, does anyone managed to usurp them? alix: and you had that factory being built in berlin. coming up, can 2019 optimism last into 2020? what to expect are your new year's trade. this is bloomberg. ♪ alix: this is "bloomberg daybreak." i am alix steel. in the markets you're getting a litt

the company will be led by the psa's ceo.duction in china. they may cut the price of the china made model three by as much as 10%, bedding it will alert buyers. buyers in the world's largest market. francine: just to give context on the fiat chrysler-peugeot combination, the acquisition will create a $46 billion company that made 8.5 million cars last year. tesla made less than 250,000 cars last year. tom: scope and scale, complete coverage for our global audience in the united states of america as we look to 1868 and 1998 and now 2019. it is the impeachment of a president, widely presumed. as we go to kevin cirilli, the new york times wrote up the trump letter last night and its length and annotated each idea and question point on it. down at the bottom, they look at the american divide on this and rounded up 47%, the equal division of debate of a greatly split america. measuring the split is our kevin cirilli, bloomberg chief washington correspondent. let me cut to the chase -- what will you look for today as we go through

the new company will be led by psa's ceo. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. vonnie: thank you. lawmakers are debating on the house floor today before voting on two articles on the beach went later this evening. one article being abuse of power -- articles of impeachment later this evening. one article being abuse of power, the other being obstruction of congress. subscribers can watch the debate on live . this is bloomberg. ♪ ♪ vonnie: live from new york, i'm vonnie quinn. this is "bloomberg markets." let's check those markets with kailey leinz. kailey: there's not a lot of action today. looking at just marginal gains. the s&p higher by just a point right now. there's not a lot of risk factors for investors to be worried about at this point, but maybe there's not a lot of good news either, so we are now just in a holding pattern. it could be that we are just losing momentum as

the boards of french carmaker psa, the owner of peugeot and fiat chrysler, in separate meetings on tuesday a $50 billion merger, according to unnamned sources .a formal announcement of the merger, which would create the world's fourth largest car maker is expected later on wednesday. a nearly $731 million tax break helped anglo—dutch oil major shell avoid a coprorate income tax bill in the uk last year, the financial times reports. the newspaper said such write—offs could continue for years. the tax break is used to defray the costs of dismantling oil and gas rigs in the north sea. shell's chief financial officer said the company complies with the applicable tax laws "in all the countries and locations in which we have a taxable presence. " the british pound has now shed all the gains it made —— that's it for the business briefing this hour. chemotherapy drugs could become more effective and have fewer side effects, according to doctors at a hospital in surrey. although the trial at the royal marsden is still at an early stage, acoustic cluster therapy aims to help anti—cancer drugs target

the new company would be based in the netherlands, and headed by psa's ceo.ructure the unit that serves the bank's billionaire clients, the swiss lender's first sweeping changes under the new cohead of key wealth management. bloomberg has learned ubs would break apart the ultra high net worth unit and some less rich clients would be moved into the regional division. has agreed to buy rival oil producer felix energy. the price, about $200 billion of cash and stock. to expand inw wpx the permian basin. felix has about 1500 underdeveloped locations in the permian. that is your latest bloomberg business flash. coming up, we are speaking credit markets with bnp paribas global head of credit strategy viktor hjort as we come to the european close. this is bloomberg. ♪ vonnie: stocks start the week on the front foot in the wake of a phase i trade deal between the u.s. and china. we will speak with bnp paribas' global head of credit strategy viktor hjort. disappointing factory data out of the u.k. we are waiting for bank of englund governor mark carney to speak later.

on a merger by psa's ceo.bal news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. . . this is bloomberg. vonnie: thank you. goldman sachs kicking off 2020 its first-ever investor day after the new year. according to analyst mike mayo, it will shed light on what has often been a black box. he and other analysts will also want to hear about the company culture, which is changing rapidly. we are joined by mike mayo of wells fargo, and joining us is julie albright from the university of southern california. mayot to mention that mike is increasing his 2020 price to $280n goldman sachs from $240. let's ask you how come you got involved with julie working on this particular note? you are specifically looking at the culture inside goldman and how it is changing. mike: you can't be a bank analyst without being a part-time tech analyst, so i have my hoodie to reflect that. as it applies to goldman sachs, this is not y

shares in psa up by 1.3% in paris. >> what about the rest o of the marketets?> it is a m mixed fixture on te european stock markets. small gagains in parisis and in frankfurt. we are also keeping an eye on sterling on the currency markets, c continuing to slide against ththe dollar and the e . it took a tumble after boris johnson madeoves to ststop the extension of the t transition peperiod with ththe eu. thth has p prompted fears of another cliff edge.. the pound has wiped out all the gains it made since the election last thursday. >> in the u.s. house of representatives, they have approved a spending package for the next year worth $1.4 trillion. >> includes a significant increase in defense funding and tax cuts on high cost health insurance policies. it also gives the trump administration study funding for the border fence with mexico. the package was approroved by house democrats to avavoid a governrnment shutdown and will w pass to the senate. >> in the united states, a court in california has apprproved a settlement worth hurting $.5 billion from electric

. >> there's your psa right there. exactly. >> diane king hall at the new york stock exchange.ou got it. >>> still to come, a trooper helps a couple deal with tragedy. how a routine police traffic stop turned into a powerful moment of prayer. owerful moment of prayer. here's the story of green mountain coffee roasters sumatra reserve. let's go to sumatra. the coffee here is amazing. because the volcanic soil is amazing. so we give farmers like win more plants. to grow more delicious coffee. which helps provide for win's family. all, for a smoother tasting cup of coffee. green mountain coffee roasters. let you sleep, try nyquil severe with vicks vapocool. (acapella) whoa! (avo) and vaporize it. (acapella) ahhhh! (acapella) shhhh! (avo) nyquil severe with vicks vapocool. the vaporizing, nighttime, coughing, aching, stuffy head, best sleep with a cold, medicine. >>> here's a look at the forecast in some cities around the country. ♪ >>> a rare set of panda twins have been spotted in the wild in china for the very first time. they're believed to be about two years old based on the f

. >> right, well, again the dogs of the dow as a psa one-year holding period which is of course not what we're talking about. you get the nice pop potential having had the initial pop and then the drift lower. >> could we use walgreen's as a lesson. >> because the double story here because talk about kkr pab wanting to take it private management wanting to take it private. difficult to do, a massive buyout but is there any way op on the options sfraeg if you think it may be bought out, do this. >> it's interesting you mention that because one of the thungs that people who are doing a risk ash traj one of the favorited trades is to buy the stock and sell calls against it usually you try to sell calls at the price where you think the stock might be taken out in those instances you try to sell calls as long dated as possible why? because when a company is taken private, the extrinsic premium goes straight to zero. but if you think it's taken out at a premium -- the think is the market isn't pricing that in i want to make that clear. there has been speculation but the stock is not behaving l

being seen as a boost for both psa which owns peugeot citroen and- bell and fiat chrysler in order to help deal with the global downturn in the car industry. under pressure to reduce carbon emissions french finance minister has welcomed the deal is good news for the industry as a whole and france in particicular. this is very good news for the fririend's car industry because it will make it possible to create the fourth largest car industry in the world. with just over eight million vehicles to be produced each year. why is this always importance of quite simply. becaususe it allows financial leeway to invest in autonomous and electric vehicles a kick. finally some of the biggest names in silicon valley are joining forces to make your life at home a little bit easier. apple amazon and google have announced they'll be developing a common technology standard to make their smart home devices more compatiblble. essentially it means it should allow digital assistants like alexa and sciri communicate with connected devices even if they're not all from the same company. at charlie i think it

union, unite, is seeking guarantees about the future of car maker vauxhall after its owner, france's psath fiat chrysler. the two auto giants confirmed a $50 billion merger deal on wednesday. vauxhall has 3,000 staff in the uk. the bank of england is widely expected to leave interest rates on hold at 0.75% at its last meeting of 2019 later today. more economists are now expecting it to join the us fed and the european central bank in cutting borrowing costs next year. and one of the greatest sagas in cinema history reaches its climax today. star wars fans around the world are awaiting the release of the rise of skywalker. the movie, starring daisy ridley and john boyega, concludes the saga started by george lucas more than a0 years ago. i'm going. iam i'm going. i am not. how are you going to get away with that? nobody wants to see it in my household? have you seen frozen two? i have, i even subjected my 16—year—old son to it. he didn't mind! it doesn't even feature in my house. ok, let's move on. indonesia has become the latest asian country to face an outbreak of african swine fever, a

the sale may lead to the breakup of the partnership with psa in china.now formally approved the tire. ♪ time now for stock of the hour. a lot of moves coming through in china. brokerages, tell us what you are looking at. i could have picked any number of them. this is the most actively traded. what we have is mainland security companies posting strong gains. it is the fourth day we have had these gains taking place. what is behind it? an easing of trade tensions. a more favorable domestic policy out there. the policy boosting sentiment, generally speaking. that's the biggest gains we have seen since june or thereabouts. there we go. go to your bloomberg terminal. ♪ here, it all starts with a simple... hello! hi! how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! wifi up there? uhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your local xfinity store today. . we're in the middle

commissioned by the school board for the dc colored schools to start an athletic league, so we started that psa l, public school athletic league.school athletic today it's called the dc interscholastic athletic association, which is also the name of his first league, but in 1907 he was kicked out of the ymca in washington dc, the central ymca where he and his brother-in-law went to watch a game of basketball and they were told to get out and he was still they would start a league and he started a championship. he went to new york and talk to george lattimore and conrad norman who had teams there to start a championship between the teams of washington dc and the teams of new york city, so the african-americans would have aer championship to aspire to. after two years of losing-- dc losing a championship he started the 12 street ymca team or rather the washington 12th streeters. now, in 2013, the week that-- or the week before he was to be inducted into the basketball hall of fame the "washington post" magazine printed this a story and that. i don't know if some of you might have seen it but eb h

psa, peugeot, formerly announced the merger fca on the italian index leading some of the gains on those indices. it has been a long time coming one of the big stories driving autos. ftse 100 is something we've been watching closely we saw that big bump on friday some of the stocks pulled back their gains also worth baring in mind big movement in the pound. sterling trading back down to 1.30 and up to 1.35 that brought in a big majority for the conservative party people thought that would bring in positive news latest developments have shown they would like to rule out the possibility of another extension on brexit post 2020. switching on, let's talk about some of the price action in asian markets. you can see moderate gains for shenzhen slipping overnight to the tune of about 0.2 of a percentage point. nikkei and germany slipping around 0.6 of a percentage point. we saw weak numbers for november down around 8% year-on year. imports dropping around 16%. taking a bit of a breather but worth mentioning that all of these indices are up north of 20% for 2019 so still been a strong year. >> j

other carmakers are lower like renaud after the fiat and psa deal not helping renaud.ant to point to the light supply bloomberg cement as the worst performer -- of heidelberg cement as the worst performer in the dax. the british pound is weaker .5%. in the u.s. we have gains -- we have broken the 3200 mark on the s&p in the last few minutes. it is up to 3201. the 10 year yield back below 30 basis points and the dollar is stronger weaker relative to the yen. let's take a quick look at the stocks on the move in the s&p 500 to explain the gain. conagra up on earnings. 3.6%,o have micron up bringing others with it like nvidia and advanced micro devices on analyst upgrades and the better outlook for conagra and micron. y, dardeng poorl restaurants. the olive garden not as good as has been. that is a look at global markets. here to share his outlook is dan dalio. welcome. dan: thanks for having me. vonnie: give us the temperature of the broader markets and what you're anticipating for 2020 before we dive into individual classes of assets. dan: we continue to be positive on t

says, this is our psa over there. i give him a smart salute. the general holds his hand out, colonel, i think we have met before. [laughter] get it? earlier that same day. he had a great sense of humor. i started laughing. what are you laughing about? i says, i'll tell you later. there.hed up i followed him down. i liked working for him. he was a guy you either loved or hated, but he didn't want to disappoint him. he was tough. that is how i ended up in sa dec . of sa decone story that i can tell that has to do with bill mckinney, who is sitting in the back of the room here. that has to be told. it was pretty quiet when we got there. only one district still had some v.c. and stuff like that. time, we had a pretty good compound. we built a swimming pool three feet below ground. you hit water, you could not get in the thing. helicopter the loach. sounds like -- chop, chop. it's a chopper coming in. so i head over to the helipad. byeard it over the helipad the 19 division -- by the ninth division. he took off. it's gone. -- i went back to hooch. h

the new company would be based in the netherlands and headed by the psa ceo.ck getting out of uber halite cash uber shares quickly. getting out of uber shares quickly. remaining uber's state amounts to about 1/5 of his fortune, $3 billion. wps energy has agreed to by felix energy for $2.5 billion in cash and stock. the deal will allow wp x to a span in the crimean basin. -- it has undeveloped locations in the permian. coming up, it is our global battle of the charts. this is bloomberg. ♪ vonnie: it is time for our global battle of the charts. you can see the charts on the bloomberg by running gtv . today we have mike mcglone to kick things off. mike: bitcoin is a consolidating bull market. you see a weekly chart of bitcoin for the last three years, beginning in 2017 when the bull market began taking off. the key thing to note is right when we are in the middle of the bell curve for buying and trading. stuck in the range. 6000 and 10 thousands are the andlevels, this key support resistance to look at. i do not think it is likely to stay much above 10,000. t

psa and fiat chrysler have agreed to combine in a the that will create world's fourth biggest automakers. they signed a binding accord for a 50-50 americaner of businesses. how much is this building on late rategy of the sergio and how important was done?get this >> it's really an unfortunate day. the argument for consolidation are there, we're lly now that seeing a transformation in he industry with new echnologies, with new electric and self-driving cars. expertise in new electric platform. already develop and ready to use. is bringing it to the merican market, these iconic brands. >> international -- has eached an agreement to baidu.'snutrition division the u.s. company beat out inland's group to expand the fast growing food ingredients business. tell us about the price. would it have been cheaper if -- had not been trying to get into there as well? cheaper. ally the structure is what's interesting. we understand the carey looking at the same du cture, ended up with pont owning 55% and iff wning 45% and the cash payment of $7.3 billion. one off. up, potentially it drove the price a b

bloomberg has learned fiat chrysler and psa group are aiming to sign a formal agreement next week to into the world's fourth biggest car manufacturer, according to people familiar with the matter. progress being made on a memorandum of understanding. meantime, there may be a bit of a tete-a-tete between fiat chrysler's unionized workers. they have a new contract. the uaw says 70% of voting members approved the new deal, the last of three agreements negotiated this year by the union. fiat chrysler promised $9 billion in investment and that it would create 7900 jobs. shares of lululemon lower after another quarter of double-digit sales growth, but that wasn't enough to boost the stock has already almost doubled this year. the market expected lululemon to be flawless. that is your latest bloomberg business flash. we saw a nice bounce at the beginning of the session, holding for the most part, although author highs of the day. 1%.s&p 500 up about 2/3 of the nasdaq still up 0.5%. guy: european stocks are higher. we are up by anywhere between 0.5% and 1%. the ftse 100 outperforming slightl

psa group is said to approve the merger plan with fiat. we knew they were working on that.ajor merger in the auto industry, which i'm sure to be good for those companies, at the same time it reflects the stress the audience globally is suffering under. kailey: this is what you have to do to operate. i believe these companies combined will pass gm in terms of global sales, so they will get a certain amount of scale. this speaks to what you have to do as an automaker in this environment in order to survive. david: you have to go to electric and economist at the same time. kailey: a lot of money. david: up next, president erdogan says turkey is not walking away from nato but russian missiles are putting the future of the alliance into jeopardy. we talk about it with senator ben cardin next on "balance of power." ♪ from new york, this is "balance of power." i'm david westin. for bloomberg first word news, we go to mark crumpton. mark: it is one of the most important decisions house democrats will make in the impeachment process. that is, who will prosecute the president in next

the psa are billing statements, they've had plenty of time to do more with the funds they've had available trying to do their best and working on a shoestring. it is disgusting and something needs to happen quickly because this is becoming too regular. manchester united's six game unbeaten run in the premier league is over — after a moment to forget for their goalkeeper david de gea. he gifted watford the lead — after letting ismaila sarr‘s strike slip through his hands — not something he'll want to watch again. then a penalty from troy deeney moments later secured watford's first home win of the season. they stay bottom — six points from safety. they deserved it more than us. they took the chances. fair play to them, good luck, and we didn't take our chances. we were too slow. you've got to earn every little inch, every little point, in this league matter who you play against. images of everton's final design for their new stadium at bramley moore dock on liverpool's waterfront have been made available to fans. the club will submit a detailed planning application for the 52,000 capacity v

the new company would be based in the netherlands and would be headed by the psa ceo.ening its policy on fossil fuel financing. goldman is pledging to decline financing, directly supporting news from coal mines and upstream arctic oil exploration. that is your bloomberg business flash. francine? tom? francine: china seppi ambassador to germany has threatened to ambassador- china's to germany has threatened to retaliate. let's turn to patrick donahue, who has been covering the story out of berlin from the very beginning. the concern with germany is that it is not only angela merkel who can make a decision. i imagine germany is stuck in the middle, you either please the u.s. or china. --rick to it has been ace patrick: there has been a running battle in berlin between the chancellor and the economy on the other hand. the interior ministry has been much more concerned about security issues. hassecurity side consistently wanted to have the ofls to keep while way out 5g networks. francine: when do we know that a decision will be taking place? can germany survive a fight bet

also, a nice little psa. do not forget saturday into sunday, we will fall back and you get one extra hour of sleep. maybe it means you get to enjoy even hardier this evening's dinner. i am so pleased to introduce our next speaker. dr. nancy bristow is a distinguished professor of history where she specializes in 20th century american history with an emphasis on race, gender, and social change, and serves on the leadership team of the institute. of "socialauthor engineering and the great war" ," whoserican pandemic content she will be addressing this afternoon. you might have seen her on the american express "great war." her most recent research will be published in "black power law and order." that will be coming out in may of 2020 by oxford university press. this veryt more about pressing issue, please put your hands together and welcome dr. bristow to the stage. [applause] bristow: thank you so much. it is a pleasure to be here. museum,grateful to the to all of you, for making this a stupendous event and be

fiat chrysler and rival psa group, owner of peugeot and vauxhall, have confirmed a £308 billion mergerd technologies, will create the world's fourth—largest carmaker. the uk's inflation rate held steady at 1.5% in november, that's according to the office for national statistics. that is the same rate of inflation as in october. i'll have more on this injust a moment. so the latest monthly inflation figuers have held steady at a three—year low. after three consecutive lower—than—expected readings for the headline consumer price index, today's announcement represents a small win for the economy and has seen a small move higher in the pound. so what everyday items were the statisticians looking at? well, there were price rises across a variety of goods and services such as chocolate, concert tickets and package holidays, offset by falling clothes and hotel costs, and cigarette prices rising substantially slower than this time last year. victoria clarke is a uk economist at investec. victoria, always good to talk to you. that 1.5% inflation figure slightly better than many analysts we re s

my scan and psa test were both normal, so my risk is low.m leicestershire, was told in may and has been given another three to seven years to live. a massive shock to have prostate cancer. itjust came totally out of the blue, and they can control it for a period of time through hormone treatment and chemotherapy, but i think, eventually, the cancer wins. if the mri trial is successful, it could lead to the first national screening programme for the most common cancer in men. fergus walsh, bbc news.

seth: he's going to discuss election security with the russians that's like airing a "say no to drugs" psawalter white [ light laughter ] at this point, all trump and his allies have left is one thing -- lying about the investigations and claiming there's some sort of treasonous deep state witch hunt to overthrow him. yesterday, for example, a justice department inspector general's report found that, while there were serious errors in the fbi's russia investigation, there was no anti-trump plot and the investigation was both unbiased and justified. the report debunked trump's conspiracy theory that he was spied on or that it was an attempt by the obama administration to overthrow him. and yet today, trump lashed out at his own fbi director christopher wray for agreeing with that report >> breaking news, a long-awaited report from the justice department's inspector general finding the fbi's launch of the russia probe was valid and unbiased the report also says that there was no spying on the trump campaign, which is a conspiracy theory that trump has pushed since taking office. >> it's impo

psa board members have formerly approved the buyout. south america's biggest truck makers and suppliers are firing hundreds of workers. it will reduce global employment by more than 10% as it slashes the 2020 forecast to below the smallest projection. it sent shares tumbling more than 10%, the biggest fall since october of last year. shery: we work obtained new financing in a fundraising drive led by goldman sachs. it would free up roughly $800 million in cash for the struggling office sharing startup. our finance reporter joins us in new york. how significant is this? >> for softbank, this is the first major hurdle crossed in trying to salvage their big investment in wework. now, they can sort of make sure the company has some amount of money to try to get its act together which is a few months removed from earlier in the summer when wework was an ambitious, big tech of any breednow at the end of the year, we are talking about making sure the company can survive, stabilized and move forward from that point on. the big thing in this dea

l and thank you very much for u vy coming to this event. [ applause ]ng >> american history tv on c psa n 3 looks at the impeachments of presidents nixon and clinton, sunday starting at 6:00 p.m. on oral histories. former u.s. representatives trent lost and elizabeth holgtsman reflect on their experience serving on the impeachment committee. >> here's a guy that had an influence on my decision to run for office and was helpful in my winning, and that i looked up to as the president. and i wound up then having to sit in judgment on him and eventually even having to say that i would vote for an article of impeachment. >> then at 8:00 we look at the impeachment of president bill clinton for a portion of the 19 # 8 house judiciary committee debate. >> i think you denigrate the role of the senate which has the role to weigh the evidence, to study what it wants and agree and disagree, and then our founding fathers made it extraordinarily difficult to eliminate a president from office by requiring a two-thirds vote, and that's why i have always said unless this is done bipartisanly and tragica

hoping to bring that magic to a combined psa. >> i find it relatively amusing to think about these brandspart of a u.s. company peugeot, what hope do they have of significant sales in the u.s. >> i'm not sure that they're planning on growing those brands a whole lot in the u.s wouldn't it be wonderful if peugeot was back here, people would say. this is the most competitive market in the world. introducing a brand here -- yes, there are people who understand what those brands are, but sbrugs an auto brand in the u.s., incredibly tough incredibly tough look what happened when they said we're going to bring fiat to the u.s. when they brought chrysler fiat is on life support. it's really hard to bring a new brand into the u.s. marketplace. >> phil, as always, thanks very much for that. >> you bet. >> after the bell we'll get earnings from micron we've got a preview with josh lipton. >> so, wilf, the street expects micron to report on revenue of $5.01 billion. that stock has surged nearly 70% this year as investors are betting memory chip prices have bottomed and will move higher thanks to the

fiat chrysler and rival psa group, owner of peugeot and vauxhall, have confirmed a £30.8 billion mergern october. £320 million, that is not a bad paycheque. £320 million. according to the accounts, in the year to the end of march, her salary increased from 220 million which she received in the same period last year. it is a privately held companyjointly owned by miss coates, her brother, he is the ceo, her father is the chairman. herfather he is the ceo, her father is the chairman. her father in the original high street betting shop that she joined after university. she went to sheffield, she read econometrics. sheffield, she read econometrics. she got a first degree. she saw the rise of online gambling and she really drove this high—street gambling shop into that online domain. but the rise for her comes asa domain. but the rise for her comes as a whole industry have been facing mounting criticism over how it operates. yes, and particularly in regards to the issue of underage gamblers, children gambling. there was an interesting piece of research backin was an interesting piece of rese

the velocity of the psa?uestion, it can be used for prostate cancers as well the what we look for, you can have change in the color of your skin, your eyes will turn yellow, your skin will turn yellow, it's what's called jaundice and you tend to have abdominal pain, sometimes you lose weight unintentionally, you have no appetite, you feel nauseous and you have a change in the color of your stool and your rent and for some people, it is preceded by the diabetes diagnosis because it makes insulin. sometimes can develop diabetes type two and so more recently developed you want to be aware, keep an eye out for any of these signs. >> sandra: he is asking for prayers as he begins this journey, wants to fight it and we all offer him support and prayers through this process. thank you for joining us this morning. tragedy at a hanukkah celebration over the weekend, a stabbing rampage following a string of anti-semitic attacks. what authority is now know about the suspect next. >> sandra: fox news alert on a stabbing r