united technology reportedly looking to buy rockwell collins. what price subtraders see the deal getting done for. >>> plus one left for dead dotcom bubble stock quietly made a new all-time high today. we'll give you the name today and tell you tow to play it. >>> later bitcoin surging to a new high leaving some worry the cry crypto currency bubble might be ready to burst brian kelly tells us why it has more room to run and take your bitcoin tweets. >>> first, we start with the markets. dow and s&p closing at a record high marks the dow's tenth straight gains. the xlk, etf, tracks the tech sector officially recovering all its losses from the june 9th selloff, closing at its highest level since 2000 now over that time, health care, financials and industrials have taken off. with tech seemingly back to the saddle, is it time to put fresh money to work? so basically the question is, do you go with the sector rotation or do you stick with tech which seems to be getting its mojo back >> i think you stay with tech for now. you mentioned the xlk, so be

traffic route is there and the markets are very, very strong. >> rep just a couple months ago, rockwell collins bought b.e. aerospace, leading supplier of airplane cabbens. at the time it was considered a sign that the aerospace industry is prime for more deals. this time, rockwell could be the company that's being acquired. phil lebeau, "nightly business report," chicago. >>> cbs tops expectations that, where we begin tonight's market focus. reported profits and sales grew as results were helped by an increase in revenue from affiliate subscription fees. cbs said ad sales were higher. shares initially rose after the bell and finished the regular day up 1% at 6452. >>> horizon pharma raised its full year revenue outlook after posting quarterly sales it grew and topped estimates. the drug maker cited higher demand for the company's rare disease treatment. profit also stronger than expected. shares up 4% to $13.30. >>> and the hedge fund, scopia capital management, disclosed a nearly 17% stake in acorda therapeutics and called on the drug developer to consider selling itself. acorda responded say

check out some of the other movers rockwell collins trading at an all-time high. dom chew just reported a little bit about it de deere also at all-time highs and mylan going lower, hitting levels not seen in four years. >>> i am michelle caruso-cabrera north korea vowing to teach the u.s. a severe lesson if they launch an attack against pyongyang. security council vote was unanimous. a strong statement against north korea. new sanctions are in response to north korea's two intercontinental ballistic test in july. it could slash our $3 billion annual export revenue by a third. the intention which bans u.s. members from banning coal, iron, iron ore and seafood are to force them to sit down and negotiate an end to their nuclear program. >>> north korea still in the spotlight as the president starts a week of a working vacation kayla tausche i live >> reporter: the focal point of many of the president's conversations. he had a roughly hour-long briefing with secretary of state rex tillerson traveling overseas in asia as well as general john kelly, his new chief of sta

united technologies and rockwell collins potentially doing a deal.e looking at united technologies shares higher by 1.5%. investors piled into rockwell collins today after the supplier canceled the row showed -- a roadshow and it spread speculation that the company would be closer to deal. mark: check and what is happening to european equities. the industry group falling after north korea fired that missile over japan. is boosting the yen, gold, government bond markets around the world. i will leave you with the stock market, which is down for a third consecutive day. the close is next. this is bloomberg. ♪ ♪ live from london and new york, this is the european close. i am mark artan, along with vonnie quinn every single industry group is down today. we are at the lowest level since february, down for a third day after north korea fired back a ballistic missile over japan, prompting a massive move into haven assets, which is not helped equity space. volume up 26% over the 30 day average. the have come back from a bank holiday in the u.k. .esterday, we

we're looking at rockwell collins, surging to record highs.technologies looks into a possible buyout. oliver renick joins me. we heard a brief summary of this from julie hyman a moment ago. catches up to speed on what's going on here. oliver: this could potentially be a pretty big deal. this is bloomberg reporting on friday that it's moving the market this morning. this is a deal that could be potentially very large, one of the biggest in the industry. the last big one we saw was warned buffett's berkshire hathaway around $37 billion. this is $95 billion united technologies and another 21 billion. we are crossing the $100 billion mark when you combine the two. it looks like it could be upwards of $140 a share, a pretty big boost from where we are for rockwell collins, which is at a pretty good year so far. david: are there deal words in the situation like this? how rockwell looks against its peers? oliver: rockwell does look pretty good. it's one of the best functions on the bloomberg, relative value correlation. this is a great way to compare

>> hi there, kelly let's take a look at two stocks, united technologies and rockwell collins.mberg report crossing right now moving these stocks that united technologies is weighing a deal for rockwell collins. you can see shares of rockwell collins up there 9.5% on this headline that's all we have right now is just the headline, but we brought it to you because you can see a very sharp move in after hours for rockwell collins. kelly, back over to you. >> that honeywell deal was spurned last year. >> board of directors becomes something they start thinking about. >> you want to start thinking again about whether you would rather be the actor there. rockwell collins popping 8%, 9% on that news we will continue to follow the story. >> if congress is moving on from health care reform no one told the white house. president trump calling out congress to live up to the promise of repealing and replacing obamacare. larry kudlow is here and he'll join us with what's next on what's behind these taunts stay with us because we don't like surprises. yeah. like changing up the celebrity at

shares of rockwell collins after united technology offered to buy the company. well is reviewing the bid, there's no certainty it will engage in talks with united tech rockwell up 8% they're expanding kidney dialysis business. they'll pay $30 a share. >>> softbank topping estimates for the quarter. profits rose more than 50% after they included vision fund as a reportable segment up 204%. >>> berkshire hathaway profit fell 15% results hurt by lower investment gains and loss in insurance underwriting business. book value, warren buffett's preferred measure of network rose 6% first half of the year >>> shares of delta airlines look attractive after 10% pull back with aggressive plan to return cash to shareholders and ample profit margins, delta could rise 35% in the next year or two. not rising that much today, today is unchanged voya financial is poised to rise 30% in the next year there are indications core retirement and investment business is growing. shares unchanged. >>> travis kalanick looking to get back in at uber. he asked former colleagues if they suppor

united technology shares soaring to the top of the dow and rockwell collins hitting a new all-time highews. you see them on your screen moving higher. and remember those so-called historic, crippling billion dollar sanctions unanimously voted for by the united nations? well, the united nations is meeting at this very moment, right now, because so far they haven't started working yet. stay tuned. ♪ ♪ liz: breaking news, president trump and the first lady, melania trump, have just arrived in austin for the last leg of their tour of flood-ravaged texas. tropical storm harvey has turned southeastern texas into an inland lake the size of lake michigan according to the red cross. the storm is now heading to louisiana while continuing to dump round two of deadly rains on the same area in texas it hit all the way back on saturday. >>> well, as if the fallout from hurricane harvey weren't enough of a disaster for president trump's administration to tackle, another crisis is escalating by the minute. north korea's missile threats continue. now, overnight japanese citizens -- imagine this -- were

some people think it's defense but greg hayes is a bean counter and not going to overpay for rockwell collins>> that's what seemed to encourage people as the price talk is 140 or below that. rockwell already moved frup the first reports. >> did have a couple of quarters it's a bad quarter remember they bought the pill. and these companies are growing at rates that are low. and they sell 24 times earnings so i think the president is going to -- warren buffet, i always confuse those two will talk positively and they have been extraordinary which means that union pacific can go up and csx although we know they're having problems getting the railroad not running on time then. >> what do you mean? >> nobody runs the railroad like him. they're having -- >> short line ready all ran better than that. >> no. yeah my daughter bought all of those and she won. she won. that's the way to win a monopoly. >> yeah. i used to play with my sister i always tossed the board before i lost. >> that's horrible. >> i always do what's necessary. that stock continues to go higher we want to see if he continued to lose

we are watching shares of rockwell collins they are up 6.5% this on the heels of dow jones followingly reports that united technologies may be looking to make a potential bid for rockwell collins now, dow jones is saying according to sources familiar that an initial offer was made less than $140 a share we are talking about rumors about prices united technologies and rockwell still wrangling over the price utx, also moving toward thloe ws of the day more in two minutes. we'll be back after the break. where's jack? he's on holiday. what do you need? i need the temperature for pipe five. ask the new guy. the new guy? jack trained him. jack's guidance would be to maintain the temperature at negative 160 degrees celsius. that doesn't sound like jack. actually, jack would say, hey mate, just cool it to minus 160 and we're set. good on ya. oh yeah. that's jack. >>> we're excited to tell you about another big interview we have tomorrow, the bond king, jeffrey gundlach of doubleline capital. do not miss that we want to do a trade update, josh, with you invidia was at an all-time high. >> nvi

made anechnology has agreement to purchase rockwell collins for more than $20 billion.se, "the wall street journal" reports that it will come by the weekend. they make a you not -- friday of aircraft parts. -- a variety of aircraft arts. as much as $1 billion in london, a company that generates additional resources and renewable units for wind, solar, and hydropower. consult will be the first london power company and eight decades. jetblue founder, they've vanilla mint, launching a private jet commuter service under the tentative name azura airways. so far they have two jets with as few as 16 seats, targeting niche customers or individuals who frequently travel between cities. that is your business flash update. zura, i like that. i would fly that. scarlet: coming up tomorrow you will want to catch an interview with warren buffett. here the latest on his investments, including ibm and wells fargo. this is bloomberg. ♪ ♪ from bloomberg world headquarters in midtown manhattan, this is "bloomberg markets." we are starting with energy. gasoline spiking for a six straight da

we told you that defense contractor united technologies was said to be interested in buying rockwell collins. well, today "the wall street journal" reported that utx is closing in on a deal to buy its rival for $20 billion. such a merger would create one of the largest aircraft equipment makers. shares of united technologies topped nearly 3% on the news to $118.70. that rise contributed to the dow's positive finish today. shares of rockwelcome lins rose 2% to $130.74. >>> after the bell warren buffet's berkshire hathaway acquired 700 million common shares of that bank. shares of bank of america initially rose in after hours trading but they e the regular day down fractionally to $23.58. >>> with all the geopolitical uncertainty here and around the globe, investors took a bit of a flight to quality today seeking safe havens in investments like bonds and gold. as we told you earlier, gold prizes rose to the highest prices of the year at the $1300 an ounce mark. ten year treasury fell to 2.1%. is now the time to flock into bonds and gold? john pedrides joins us. nice to see you generalagain, j.

the move could pit the plane makers against suppliers like honeywell and rockwell collins.he unit called boeing avionics will focus on aircraft navigation, flight controls and other core technologies. the world's largest plane makers said the goal is to lower costs, increase quality and deliver more services and revenue to the company. more services revenue to the company, i should say. shares of boeing rose in trading today. >>> a federal judge is ordering the faa to review seat sizes and leg room on commercial airlines. the advocacy group, flyers' rights, pushed for new rules regulating seat sizes saying smaller seats are a health risk and the average size of the airplane plane, itself, has shrunk along with the spacing between them. so how might this impact the airline industry, itself? james is aviation expert and attorney at motley rice law firm and joins us to talk more about that. welcome. nice to have you here, jim. >> thanks for having me. >> what's your reaction overall? it seems like it might be good for passengers, certainly, if, indeed, we get bigger seats and

united technologies is the big defense company weighing a possible deal for rockwell collins.ndustries, avionics and such. rockwell collins surging after 7%. u.t.k. not moving a lot. no guarantee a deal would get done. scarlet: you have to add that disclaimer. [whistle] -- congress is beginning august recess. on monday, the president's new chief of staff john kelly began his tenure with a bang. literally. he fired anthony scaramucci, president trump's director of communications. yesterday, we learned that special counsel robert mueller has impaneled a grand jury in washington to investigate aush russia's interference in the 2016 elections. here to wraup the week that was and what we can look ahead to is bloomberg's anna edgerton in washington. anna, the big news i want to focus on is robert mueller impaneling a grand jury in washington. we got a per functry response from the white house yesterday. has there been any kind of behind-the-scenes response today? anna: no. what's going to be most interesting is to see how it impacts both the legal process and the political process.

we have rockwell collins shares at a record as you tx falls -- utx falls by about 2%.ibya has brought some production back online. they took a leg upward at 10. now they are taking a leg downward. it is possibly affected by opec saying they have reached their record high for the year. that could put more pressure on oil. it is now well below that $50 per barrel threshold. vonnie: here is jessica summers. north korea is ruling out talks on its weapons program and says the u.s. will pay dearly for its crimes. that was the response from kim jong-un's regime. in the u, theresa may's office is dismissing a report that the country will pay $47 billion to leave the eu. a government figure called it speculation. they are pushing back against paying any exit fee at all. the trump administration is pushing for more coal mines. 643federal government owns million acres of land, mostly in the west. elizabeth warren is blocking president trump's pick to run the justice department. del rahim is a former lobbyist for anthem. global news 24 hours a day, powered by 2700 journalists and

bit of its own story, of course, going on with the rumors they were going to make a width for rockwell collinsthings like that typically put a lid on the share price. i think it speaks to how low volatility has been that we actually are making something of a 2% move over the course of a week i mean, it was not that long ago that 2% from one day to the next was actually sort of the rule, rather than the -- you know, basically the exception. so, you know, when i look at this, i kind of thing, you know, we were probably due for this kind of thing. i think fears about north korea, hopefully overblown, if trump can keep his mouth shut maybe a little bit not get everybody too excited. mostly the investment community. because i think there's been obviously a lot of, you know, bluster between both countries over the course of many decades. >> and in terms of the indices, the dow is the strongest it is by definition a lower beta index. you look at the beta of the stock in the index and it's cheaper than the s&p and it was the one on the steepest, uninterrupted day over day, week over week move sure, th

joining us to talk about these washington risks >> united technologies may be weighing a bit for rockwell collinsore on whether or not it actually makes sense. i'm all ears, phil. >> and david there's a lot of people that say well on paper it makes sense in terms of what the two companies could do when you put them together and then you have to look at the financials let's start with the report from reuters late friday afternoon and that pushed shares higher 4 or 5% today let's talk about why this would make sense if you're united technologies. it makes up 20% of the revenue they're growing that business and they would fit in nicely and also a nice defense portfolio and if you're rockwell collins you bought be aerospace this year it has a higher premium if you're united technologies and remember last year when honey well was making its move for united technologies? at that time they said we don't think this is the right fit and there were concerns about antitrust hurdles. but it would be a rich price that they would be paying. >> i remember that very well the only thing that i can add is the two

bloomberg news reported that united has made an initial offer for rockwell collins.hat is the latest bloomberg business flash. vonnie: fantastic. still ahead, we are keeping futures in focus. the fec did not like the idea of an etf moving bitcoin, but it may support an etf moving futures. we will explain next. this is bloomberg. ♪ mark: this is "bloomberg markets ." i'm mark barton in london. vonnie: from new york, i'm vonnie quinn. it is time now for our etf friday segment. that means julie hyman. julie: thank you.hopes of been revised for the first bitcoin etf after the fcc denied the previous application for the etf back in march. here to discuss the new developments and some of the new entrants in the race is eric balchunas of bloomberg intelligence joining us from home today. let's start with the news. three new bitcoin etf seven file for approval in the past two weeks even though we had the fcc denial in march. what is different about them that they think they can get approval? eric: oneweb, futures. the cboe announced about a month ago that it would begin lift

relationship then there's the saga of united technologies and whether they're going to purchase rockwell collins're critical components to one of the greatest bull markets of the era both spokes have been on a tear. there's that circle again. my take. look at how well the stock at johnson & johnson has done it's gained more than 18 points off a $113 basis i think these moves were behind the 10% rally today in the takeover of insight, another company i like very much it's not just aerospace and drugs. data has been on the move. that deal helped move stock from $69 to $109. the thought is the tech data stock will move higher when it reports tomorrow finally is the purchase of neff by united reynolds maybe this comes under the category it's lucky rather than good they have capacity in the southeast, which will help clean up in houston. all of these names demonstrate one fact, if the stocks move up after news of a deal, a heck of a lot more companies will make acquisitions i think corporate america has given up on our dysfunctional government and is going full speed ahead of acquisitions, drugs, aer

united technologies reportedly close to a deal by rockwell collins for more than $20 billion. e the world's biggest aircraft equipment acres. the two companies discussing the per-share price for rockwell of $140 or less in the report says an agreement could come as soon as the weekend. that is happening now. train to a couple of stocks to watch certainly for investors. what we saw yesterday in the markets is fascinating because it had people running from safe havens after north korea fired a missile over japan. but the markets close to the upside. jonathan hoenig, s..com. i was kind of a fascinating market yesterday. >> yeah, tremendous resilience not only houston in texas but the market as well. we saw panic yesterday. after the news that creative launched a missile, you saw the excess of 100 points. yesterday the market clawed its way onto his back yesterday, in many cases higher. i don't think we are out of the woods just yet. apple had an all new high yesterday was 121 new highs yesterday, 128 pillows for the market. still searching for some direction here despite a nice co

michael kors, disney, 21st century fox, kohl's, macy's talk about stocks to watch shares of rockwell collins jumping late friday after reports that united technologies made an offer to buy the company. rockwell is reviewing the bid. reports say there's no certainty it will engage in talks with united tech. >>> and fresenius paying $30 a share for the company which makes products to treat kidney failure. >>> shares of toshiba jump nearly 6%. company auditor signing off on financial results after dispute over when they should have recorded losses from the westinghouse unit. the move could increase chances they're delisted from tokyo stock exchange. >>> let's get to washington. president trump taking a working vacation in new jersey that's where we find kayla, she's down the street. >> reporter: good morning, andrew president trump is taking two weeks of a working vacation in bed minister while the west wing undergoes renovation public schedule for the president is empty biggest development is nearby in new york where the u.n. security council adopted unanimous resolutions on north korea a rela

the wall street journal is reporting that united technologies could be close to a deal to buy rockwell collinsor $140 per share were about $20 billion. that m&a backdrop could be helpful as well. less risk offing to more risk on at this point. more recently we are seeing a bit more risk aversion come on. this is the city macro risk index. down sharplytocks the nasdaq at one point down almost 20%. the risk index had been way high. coming into 2017 very low. right now climbing toward a nine-month high. this thatere to chart bottoming area down there suggests that we could see a move which suggests it could just climb higher. risk aversion. something to pay attention to even though we have had this somewhat bullish move which sugr stocks. expectedesident trump to encourage policymakers to focus on tax reform tomorrow with a speech in missouri. further details on tax reform from a group known as the big six. john joey votto -- john emiliano -- john gimigliano joins us now. are we any closer to getting an answer to the question if tax reform as proposed by the white house and republican legislators

i think boeing is undervalued here the cheapest aerospace stock was rockwell collins, trading at $109 at the time today, united technologies might be buying that country outright. i think united technologies could easily pay $140 a share, well above the current price, to make it work for utx shareholders greg hayes, i'm talking to you he's the ceo i'm not wedded to tech alone, i'm just making the point we need to stop thinking of these tech stocks as being dangerous land mines that could detonate upon contact the last time everyone freaked out about the nasdaq's valuation in 2015, it was an amazing big opportunity, as the stocks turned out to be cheat the bottom line, as long as you remember that history doesn't necessarily have to repeat itself, you might want to buy one of these tech stocks on the next dip otherwise, maybe you're missing an opportunity, and this opportunity only gets better when the high flyers pull back and everyone starts freaking out. let's go to carol in florida carol. >> caller: hi, jim thanks for taking my call. >> of course >> caller: i'm a long-time holder o

technologies which we're seeing more reports that they're closer to acquiring or trying to acquire rockwell collinsit looks like this rally will continue. if you turn to other markets around the world, we are seeing the relief rally play out in asia and europe as well. >> we are indeed we'll get to more of those markets and other asset classes. let's get the latest on harvey which is a tropical storm. in the last hour it made landfall, just west of cameron, louisiana. about 500 more people have been evacuated from the texas/louisiana coastline as harvey doubles back. nine deaths have been reported in the wake of the storm a curfew is in place in houston as police crack down on looting. more sththan a dozen suspected looters have been arrested since the storm. contessa brewer has more for us. good morning >> reporter: because of the threat of looting and other crimes, the mayor imposed a curfew, we're under it now, and that will remain until 5:00 a.m. there is no call for rain today. that will give houston a much needed break inside this shelter, the residents inside has declined, down to about 8900

we'll take you back to texas when we return >>> check out shares of united technologies and rockwell collinsthey're both trading higher right now. a "wall street journal" report that united tech is nearing a deal to buy rockwell for more than $20 billion the companies, this report says are discussing a per share price for rockwell of $140 or less and that this agreement could be announced as soon as this weekend. shares of rockwell are currently trading around $129 a share right now. and we've been get smfg the headlines in some of the reports for just about a month and if you look at shares of both for the month of august, rockwell is up more than 20% united technologies down about 1% right now both near session highs. each up about 1.5% on this report back over to you >> yeah, certainly morgan we've seen utx help the dow recover. >> this was speculated on. it was reported. i think that maybe the two key words in this incremental change is $140 a share or less. so that -- therefore, the market is not going to take it up to that possible bid. it was a $100 stock a little over a month ago i t

united technology reportedly looking to buy rockwell collins.e subtraders see the deal getting done for. >>> plus one left for dead dotcom bubble stock quietly made a new all-time high today. we'll give you the name today and tell you tow to play it. >>> later bitcoin surging to a new high

united technologies is reportedly nearing a deal to buy rockwell collins.the "wall street journal," the companies are discussing a price of no more than $140 for each rockwell share. it says the deal that would create one of the biggest aircraft equipment makers could be struck this weekend. russia's central bank is bailing out the nation's eighth largest lender. it has been taken over by a government fund to consolidate the sector. the move will place at least 75% of the bank in state hands. the rescue has prompted the central bank to provide funding for other banks. porsche says no decision has been made on whether the company will continue to produce diesel vehicles. matt miller spoke to the carmaker's chairman. >> porsche has always built relatively few diesel vehicles. for that you need to make millions of diesel vehicles. we don't do that. porsche has used diesel in some models, but mostly in countries in which diesel is taxed at a favorable level. we are not a diesel brand. francine: that is the bloomberg business flash. francine? francine: thank you

there is speculation rockwell collins may be moving closer to a deal with united technologies. technology has made an initial offer for rockwell collins. a challenge to boeing and airbus, make your new model able to sustain the longest route in the world. nonstop fromfly sydney to london, 18 hours. the new planes will be able to do that. that is your bloomberg business flash. david: in washington, tension continues to boil over between the white house and congress over the debt ceiling. president trump has been blaming the gop, calling out mitch mcconnell and paul ryan in a series of tweets. from our bureau in d.c., let's start with this extraordinary exchange of tweets from the president. the house speaker and senate majority leader to include the debt ceiling with a bill for veterans, and they did not do that. how likely are we to see a clean race of the debt ceiling in the coming months? >> this administration has gone all in on trying to get that. house caucus members are trying to advocate for some sort of budget cuts or entitlement cuts to accompany any raising of the deb

rigsby, ohio, a new investor, and i'm wondering what you think i should do with my shares of rockwell collins- >> oh, man, if anything, i would buy more that's how much i respect what that company is up to. let's go to kurt in mizzou kurt >> caller: boo-yah, jim. >> boo-yah >> caller: so, listen, i'm calling today about dynavex technologies >> got a second wind, i can't believe it myself. it's a terrific story, it's amazing how speculative stocks can come back as long as you play them right. it's good. let's go to craig in texas craig? >> caller: hey, jim, how you doing? >> i'm red hot how about you there, with partner? >> caller: oh, pretty good before i get started, i wanted to just say thank you for what you do and just want to give you a big welcome from myself, my brother, mike and kevin, a big texas baa b-b-b- boo-yah >> how much do i love texas? try to go there every chance i can get. i like the twin cities, midlands, and odessa right now >> caller: yes, sir, that's exactly what i'm talking about slca, i've got a 20% downturn, but i'm thinking about -- >> i was not crazy about that qua

but the word is that it may buy rockwell collins in a move that could lead to a spin off of the aerospaceo it's dragging down $3.32 at the moment. apple is the big lead, as mentioned earlier. ibm hitting a new one-year plus low after warren buffett berkshire hathaway said it finally gave in and decreased its stake in the tech giant by nearly $3 billion in the second quarter. the oracle of omaha changing views on ibm haunting shares for more than three months now. ibm down yet another full percentage point. also the second best performing dow stock to date. and it's a match that could only be made in hollywood. jack, the former lobbyist once convicted of fraud, along with the cryptocurrency cyber criminals depend on getting ready to take tv by storm. will this media blitz spell a new beginning for both bitcoin and the one time dc power player? jack standing by in los angeles in a fox business exclusive, the new bitcoin reality show that he's a part of. countdown coming right back. the dow losing another point. we're up 12 now we had a power outage for five days total. we lost a lot of food

. >> liz: united technologies getting closer to a deal to buy aerospace manufacturer rockwell collinson deal. it's getting closer to that. it would create one of the biggest aircraft equipment maker s in the world. let's take a look at the stocks, new united continental also moving higher. next a new report that the texas floods could bring the states next health challenge. water-borne illnesses. doc segal is on that and msnbc host accusing texas senator ted cruz being again held for hurricane sandy victims but all about help for hurricane harvey. next you'll hear the real story about what happened there, don't go away. burns its way into your day... ...i hear you. when that pain makes simple errands simply unbearable... ...i hear you. i hear you because my dad struggled with this pain. make sure your doctor hears you too. so folks, don't wait. step on up. and talk to your doctor. because you have places to go... ...and people who can't wait for you to get there. if you have diabetes and burning, shooting pain in your feet or hands... step on up and talk to your doctor today. >> a lot

we saw united technologies had big news on a near deal to buy rockwell collins, the two together, $20 billion deal will be the world's biggest equipment-maker. best buy, sales jumped but said don't get used to it. as a result the stock tanked 12%. ashley: nicole, thank you very much. cheryl: here is look at fold gold. the med tall climbing for the third straight day to end above 1313 for the ounce. that is the highest level for the commodity in 11 months. ashley: shaking off earlier losses the dow ending the day in positive territory, fears about north korea i guess begin to fade. let's ask our panel. gary kaltbaum, from kaltbaum capital management. also a fox news contributor. thanks for joining us. veronica dagher from "the wall street journal." host of watching your wealth. thank you both for being here. gary, let me begin with you. we saw a remarkable turn around on the dow today. why is that? >> first off the market right after the close yesterday was down 100 because of north korea but they have been sabre-rattling forever and when the real world opened up this morning market de

people buying rockwell collins, which makes missile systems.gehman bunds interesting away from what would be riskier. some traditional safe havens here in this country, dollar-denominated safe havens appear a little less safe. market is doing what you expect. trish: you're not concerned about this? >> no. trish: you have been very bullish. you think 23,000 is in the cards still this year? >> yes i do. 23,000 is only a few percent up from here. 1000 point isn't what it used to be we're trading at 22. we have the two es, i know i'm an broken record. earnings and employment. sales growth of 6% and we employment at 4.3. trish: hang tight, adam. heather nauert speaking on north korea. >> u.s. government when it comes to north korea, what the united states policy and posture is? >> i think the united states and some of you may disagree with this, but the united states is on the same page. whether it is the white house, the state department, the department of defense, we are speaking with one voice. and the world is in fact speaking with one voice. we

everywhere, carrier air conditioners, submitted an offer to require aviation technology firm rockwell collinshnologies down on the news. rockwell up 4%. >>> check shares of caterpillar hitting another all-time high, just moments ago up .4 of a percent at 114.83. that is c-a-t, cat. >>> our next guest says the retail ice age isn't entirely amazon's fault. he is with investment management associates. thank you so much for joining us. we talk about the retail ice age all the time and we look at amazon as one of those, you know, major causes. make your case. >> well i think it is very complex problem where amazon is just one of the many variables. if you think about it, the u.s. retail sells $5.5 trillion. online sales, $350 billion of that, and amazon is about 1/3 of that. if you look at our retail footprint it has been developed basically in the '90s and mid 2,000's, when consumers were borrowing money to buy goods. since then consumers are deleveraging. so that is issue number one. look back 10 years ago we were spending $10 billion on cell phones. today, 10 years ago we did not even have smar

united technologies reportedly getting close to a deal to buy rockwell collins for more than $20 billion. it would create one of the world's biggest aircraft equipment makers. "wall street journal" says the companies discussed the per-share price for rockwell of $140, maybe less. there is a year-to-date chart as you can see. the report says the agreement could come as soon as the beacon. docs up 38% so far this year. dagen: thank you so much commissioner appeared kevin, would he make of this deal? the dealmaking environment is healthy in part because companies feel confident enough to come together like that. it does speak to the environment residents create. >> wasting for activity this year because we expect policy decisions to be made. you are seeing a lot of big deals happening. this has been in the works for a while over the past couple weeks they are we signaling this deal will not be above shareholders to agitate. they don't want actors to come in. refer to kind of rocket to deal and they should get done and >> i speak to the regulatory environment. everybody focuses on what congr

last couple of weeks we've had there's been rumors in the market about upc making a bid for rockwell collinsargest deal in the u.s. year to date at about 30 billion or so, depending on what you put it at. but if you think about the administration, coming in to the year, it certainly was looked at as a positive for dealmakers >> right >> i think some of the, if you look at some of the factors that happened now, the uncertainty in terms of a forward look has started to creep in to some of the ceo confidence >> okay. >> so for the first time in a long time you're seeing people use as an excuse as to why they're less active. the fact that they're waiting to see what happens to the tax reform perspective and i think they're using that uncertainty potentially to say why -- >> is there any argument to be made on the positive side of it, that people think that their businesses are actually now just doing better, and -- maybe i don't need to do something so quickly? >> well, look, we always look at it as strategic m&a, good deals will happen. it's not -- they're not going to wait for tax reform. to p

. >> on august 25th, 1967, pat collins was still in college, but had a summer job at the washington daily news when he got a tip that george lincoln rot wel rockwell been gunned down in arlington. >> we're set a land speed record, over to this shopping center in arlington and there on the ground in the shopping center parking lot. the body of george lincoln. >> today, a small group of noe-nazi showed up to honor rockwell. matt garcia was getting a haircut when he noticed them. >> obviously recognized the nazi flag and surprise today see it, obviously still quite a shock to see here in this neighborhood, today. >> from 1958 to 1983 the american nazi party was headquartered in arlington. clark has written extentively about the routes in arlington. >> the nazis were well integrated. they used the shopping center there, they would go to the library and picket some >> one of those businesses targeted by rockwell back in the 1960s was the pizza, allen levine's party owned marios. >> the group split into the new order and the national socialist party. in arlington, mark segraves, news 4. >> a bumpy ride ahead. the project in one northern virginia neighbo

a bid to get rockwell college avionics. .o create an aerospace giant so this would be one of the biggest aerospace mergers we have ever seen. so we are watching these chairs. by 7%.l collinss much 16% today, and we are seeing a reaction in the chipmakers. they have been moving more in tandem with it quite because they make some of the various tools to mine bitcoin. nvidia up. advanced micro devices up over the year in part because of the gain in bitcoin. another potential deal that could be back on the table this morning -- t-mobile and sprint. back in talks here, at the same time there are talks with cable companies. -- from softbank trying to salvage his investment in sprint , ongoing, getting told the company in 2013 but has lost billions of dollars. sprint gaining a little more than 2%. david: central banks keep talking about inflation being around the corner but markets largely don't believe them. as you can see from this chart, the mark for the u.s. treasury breakevens are down this year, showing likely inflation of 1.7%. but two of the biggest players in the bond market disagree. then guard and blackrock think we will see 2% or better in the next few months. joinin