is it saying rosetta isn't going to go alone and thought it was going to get. peter: it adds two key assets to the u.s. portfolio. this is a company looking to grow u.s. resource base. alix: a pleasure to meet you. thanks for helping me break down this bond market day. onhave a lot more coming up bloomberg market day. we changed our programming. stay with us. alix: noble energy announcing ats purchase of rosett resources. noble will add 1800 german locations in two of the three biggest u.s. shale oil fig -- oil- wheel feels fields. she is director of ocean and energy management, joining us on the phone. the other huge news in the shall getting the green light potentially start drilling in the arctic. sector the way for other companies to do the same? it is an important step forward for shell. approvale conditional have requires permits and approval from several other agencies. it is a good step for them. alix: 20% of the world's oil could be underneath the arctic. abigail: everyone in this adustry agrees that they play good one. my expectation is companies will

, you don't rosetta have the lowly you are about to get?> it obviously has an impact on the liquidity of the cap me. withis a company that is two of the most relative plays. alix: such a pleasure to meet you. i'm going to have you back every day. peter: pleasure is mine. alix: thank you for helping me make it down. coming up on "market day, coast they with us. --," stay with us. ♪ alix: welcome back. the purchase of rosetta resources in an all stock merger, noble shares fell the most in four months. with rosetta at 1800 billion locations and two of the biggest three shale oil field assets include 86,000 in the basin. abigail hopper is the director of ocean energy management and she joins us now on the phone. abigail, the other huge news today was, horse, shall getting the green light to potentially start drilling in the arctic. does that clear the way for other oil companies do the same? abigail: it certainly is an important step forward for shell . it would be part of their that shell approval still requires to get permits from several oth

noble buying rosetta resources for more than $2 billion. we are still waiting to see if monsanto decides to raise its bid, it's $45 million bid force and gentile, a swiss tea company. jeff mccracken joins us now on set. great to have you here this morning for the inaugural bloomberg market day. the noble deal seems to be at a discount to what the rest of the sector has been going for. jeff: they're sure -- their shares were trading around $54 a share. it is a relatively cheap acquisition when you look at her they were trading a year ago. this is tied into oil prices which have dropped since last june. it is the biggest u.s. energy deal of the year but i think we will see more of them because there are other companies like rosetta that are struggling. olivia: the biggest deal at $2 billion. when oil collapsed we were saying, is a going to be 1998 again? that is not what is happening. jeff: it depends. how long does oil stay a $50 a barrel? there are a lot of companies right now, a year ago they were trading 10 million now they are trading ha

now bonanza as -- as rosetta, i would like to ask you -- by the way, is rosetta's voice -- i know she'sgo. thank you so much. since you did play the bass for prince for a while on some off tours, would you mind playing a a little riff tonight? mark, over at the roots, can you lend -- can we come over there? just maybe try it on, just give us your good bass riff and we'll make a song. [ cheers and applause ] ♪ >> oh, my gosh! look how fly it is! am i going over there? >> jimmy: yeah, i'll walk with you. how did you pull it off? ♪ [ cheers and applause ] >> oh, god, my -- >> jimmy: can you hear this? can you just hear this right here? listen. just -- snake eyes. >> oh, my god! >> jimmy: all right, ready? so now that -- >> i just took his face off. >> jimmy: bonanza, whenever you're ready just give us a a bass riff and the roots will make a song around it. and you'll get dancin'. ♪ that's what i'm talking about, right there. my thanks to charlize theron! [ cheers and applause ] bonanza! we'll be right back with tom brokaw, ladies and gentlemen! ♪ [ cheers and applause ] ♪ i moved back in w

i think it makes sense for noble and for rosetta too. things you need to know about the steal. these are high quality assets. it's a win for noble on that front. two, rosetta was going to struggle to grow without serious equity over the next few years. both won here. what i think the market doesn't get is how high quality they are in particular. that's 1,000 plus that sets them up for the next ten years plus. >> have you been able to do any work on the number of barrels for the proven resource for what? >> on a proven basis it works. it's about $14 per approved barrel. what they paid nobles trade about $16 a barrel. really i think that the main reason you do this deal is for the unproved resource potential. that is not in that proved number i just stated there. it's 1,000 plus locations ultimately. the work we have done in this area shows this might be one of the more compelling assets by the end of the year. this year. the street just doesn't fully recognize it yet. >> how can we interpret this as setting any sort of a benchmark for the

noble energy will acquire rosetta resources. deal gives noble access to two massive texas shale formations shares of noble energy down more than 6% to $46. rosetta surged to $28. shares of zulilly sored today. the investment ads up to more than $50 million in the online children's retailer alibabba was off a fraction. zulilly popped 5% to 1398. >>> lower milk costs helped deem food foods at higher tha >>> mcdonald's is super sizing its turnaround plan a few of the changes the dow plans to make today there's more. according to dow jones, the chain plans to shake off sliding sales by adding mid priced sandwiches expanding all day breakfast, simplifying its drive through menu boards and selling lemonade in the summer. >>> not only are investors already seeing returns, but the project itself is transforming the neighborhood and the real estate landscape. diana ol >> we met ben miller a year and a half ago in a dicey d.c. neighborhood at the shelf an old building he claimed would make history. today, machetto is open for businesse fi

noble is also making an acquisition by buying rosetta resources for $2 billion.hat is also weighing on that stock. olivia: thank you so much. pimm: let's take a look at some of the top stories -- early today, a tornado struck a northeast texas and southeast arkansas and two people were killed and dozens injured there was widespread damage. earlier there were dramatic pictures from north texas were helicopters had to rescue people trapped by flashlights. storms have dumped up to seven inches of rain on the region. comcast is getting a new chief financial officer. the company says michael cavanaugh is leaving the carlyle group to assume the role. he will join the giant media company this summer and he s whoeds michael angelaki will become the chief executive officer of the investment division called comcast ventures. comcast recently dropped its merger plans with time warner cable. volvo is going to south carolina. will build its first north american plant in south carolina. it's an attempt to revive u.s. sales which have fallen by more than 50% in the last decade.

noble energy is acquiring rosetta resources.he price tag is $2.1 billion in stock and noble will also assume 1.8 ilion dollars in debt. the deal gives noble a position in two of the largest areas of show production in texas. dzokhar tsarniev could learn his feet the -- his fate this week. they will decide if he's jailed for life or will be executed. the jury will get the case after rebuttals in closing arguments. hasy aide to bernie madoff died after helping the government prosecute those involved in the historic ponzi scheme. lung cancer at the age of 58. he was the government's star witness and the madoff case and was just about to await his sentencing for his role in that ponzi scheme. this is bizarre -- itself in aninds unfamiliar place inside a shopping mall. it fell through the roof of a clothing store. it knocked over manikins. common in the hong kong countryside but i don't think in a shopping mall. the 55 pound animal was tranquilized and taken away. twitter andine instagram all going a buzz? pimm: he does not look to p

noble energy to bride -- by rosetta resources for whopping $2.1 billion in stocks. everyone is looking at the oil industry. there is more and and a to come. tom: another showdown over greece. florence -- foreign prime ministers meeting over an accidental default. stephanie: and coming up, a former time warner chairman. the one and only dick parsons talking and and a and the cable network. maybe a little jazz with mr. parsons. basketball, wind, jazz, who has got a better day than dick parsons? erik: that is what is ahead. let us look at what is making headlines right now. here's our news in focus. ♪ >> china and russia have strengthened the energy ties. the two sides have increased their guess applies from siberia to china. >> the people's bank of china use it as the central bank cuts it rate by 20 basis points. >> north korea says it has successfully tested a submarine launched ballistic missile. yesterday, pyongyang threatened to attack the south korean warship. >> and plunged the 17% on one day of treads. the early forecast had a climate. >> "the avengers" are sti

rosetta resources in an to her noble will assume $1.8 billion in debt.t gives them a position of an two of the largest areas in texas shell oil production. -- pushesk split shares higher. group of belgium. salesmpany 60% of their from the u.s. are held. a warning today from a former treasury secretary. telling bloomberg television that central banks run the risk of creating asset price bubbles if they keep interest rates too low for too long. he says relying on interest rates alone is not a sound policy. >> i'm a fan of janet yellen. i have clearly been a fan of the bernanke you monetary policy. we de-levered in the u.s. while growing from a third quarter of 2009 on. there is a time in which you cannot just rely on monetary policy. ugly, messys a big, problem, you will never solve it with a simple elegant solution. scarlet: before serving as treasury secretary during the financial crisis. expected to learn his fate this week, the defense and prosecution both -- in the penalty phase of his trial. the jury must decide whether the boston marathon bomber is

this morning rosetta gets a bid from noble is regarded as a smart company.his bit -- interestingly enough rosetta's assets are next to the mother fracker, which is pioneer, and right next to the father fracker's assets e.og. i don't know if can you say eyen morn -- the thesis is hurt by -- >> where are they? >> eagleford and permian. i used the frack term loosely, but i think we ought to pull back, because it's a morning show. people are in school. >> people come up and talk to me so we don't want that to do that. >> this is the beginning of what i regard as the real takeovers. >> today it's up 30%. >> noble has a lot of interesting acreage in the nigh obrara. this is the -- i did not regard the world dutch as any good deal at all. this is the combination in the fracking patch, and so i didn't -- i would love to hear what he has to say about it. when i like keurig before the collapse, he made fun of mehmet i'm fine with that. i'm a forgiving guy, and it was just big here's something, if you want to talk about some of the things interesting, robert peck, you

the news sent rosetta's shares up 27%.f sotheby's finished higher after earnings that beat estimates. revenue was also better than expected thanks to higher commissions. that's it from cnbc, first in business worldwide. about a biologic... this is humira. this is humira helping to relieve my pain and protect my joints from further damage. this is humira giving me new perspective. doctors have been prescribing humira for ten years. humira works for many adults. it targets and helps to block a specific source of inflammation that contributes to ra symptoms. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers including lymphoma have happened, as have blood, liver, and nervous system problems, serious allergic reactions, and new or worsening heart failure. before treatment get tested for tb. tell your doctor if you've been to areas where certain fungal infections are common, and if you've had tb hepatitis b, are prone to infections, or have flu-like symptom

. >>> rosetta stone pops on buyout interest and that is where we begin tonight's market focus. the company evaluating an interest from rdg capital fund management. they have been wt costs as revenue has slipped in recent years. shares jumped 18.5%. finishing at $7.62. >>> weak guidance weighs on shares of big lots. profit rise as same-store sales increase for the year it lifted the lower end of the outlook but the company issued soft guidance shares 2.5% lower to $43.90. >>> janesco missed estimates. the footwear and hat retailer said the first quarter is off to a good start but cut the earnings forecast and shares tumble to $66.19. >>> apple has bought a german augmented reality firm called met io. the company developed technology that combined real world imagery and computer generated elements to make moving video to consumers can view the inside of a car before purchasing. the terms. deal were not disclosed. shares of apple off today by $1.50 to $130.28. >>> and amazon is planning to expand the line of privately branded food and household products according to the "wall stre

"white teacher in her first thing she said stew is here rosetta and you were protecting heat that publicity since involved in this fight to keep his distance and started rolling on his more phone. "the staff security is really bad many times become the principal other people and can do anything about it. the law >> reporter: down prompted by reports of a dangerous weapon being seen in a car than a hour later again for gunfire being reported near the school will flock dons were lifted after 30 minutes this just the latest of a string of security concerns at a vallejo school. the kron 4 should parents worries over safety issues at jesse but so high after a 17 year-old next cross was shot and killed just off campus. during a school board meeting we asked the superintendent dr. ramona bishop about those concerns. but she wanted nothing to do with us. now this young man feels that if nothing is done his education and safety will continue to be put in jeopardy. by"teacher don't teach because of how insecure this place is the desire job and next year" did he >> reporter: a shot of a school distric

go-pro camera's mobilized, former highfliers of really big and let's face it, rosetta resources was a0 in 2010, $60 by 2013 and then all downhill. this was going downhill even before the crude oil crash and today the company got a $2.1 billion deal about 50% above the closing market capital. then there was zulilly. and then alibaba was up as well. so we talked about the anxiety of buying the market but not everything has had a smooth ride. for me, the story is that ford is cheap and maybe linked-in is invading america. >> yes, they have this fascination with seattle, they could be opening a headquarters there, and it seems to be that this could be a growing market. are they going to take on someone like amazon? if they do that, they are going to have their challenges ahead of them and amazon is an entrenched brand in the united states and they are going to try and reach out to this used consumer base which is very attractive and they are trying to get over that initial comp. there are a lot of people that don't know what that is. and it really makes sense. amazon is based in seattle a

noble energy has agreed to buy rosetta resources for $1 billion in stock and assume $1.8 billion in debt. it gives noble a position in two of the largest shale production areas in texas. david cameron begins his second term facing a big issue -- great britain's teacher with the rest of europe. >> i'm outside the home of the u.k. prime minister and he's inside trying to put the finish -- finishing touches to his cabinet after the conservative party won the surprise victory on thursday night. they are just trying to get their front edge in order and we've seen senior conservatives coming and going all morning as the new team is put in place. that's the first order of business. clearly on the agenda, the subject of europe is going to be a big one. theeard over the weekend confederation of british industry has been arguing the u.k. business community wants them to stay within the eu because of the single market benefit that it brings. but they want to see that renegotiated. you can expect that to be one of the big themes at the early part of this parliament. will continue to follow this stor

charles: we saw a deal with rosetta resources, pretty good deal. >> is roughly $100 billion currentlysed in private equity for energy takeovers. >> do you have a stock that you like? >> i'm going back to that one, famous dave's at the barbecue place come it's been beaten down, it's a turnaround story and they have brought around the guys from mcdonald's. charles: i know that you think that every company is going out of business. >> i have fabulous companies in my portfolio. >> did mine make money? [laughter] >> i own this and i have been watching it before the aol deal came out and it popped up the last couple of days. it is a french company and its moving. >> really quickly, i just need a name and a humble. >> i think the storage in the industry is undervalued and i think that there's going to be consolidation and everything in technology requires it. >> i love all these deals. by the way, progressive around the country continuing to push their agenda and they are taking on everyone including president obama and the big western is how much can they sway hillary clinton? that's right,

when noble came in and bought rosetta. >> that is clearly a statement by very bright people they think the market is going to be stronger, trade will increase. i'm not sure prices will go higher. certainly that is not an indictment of the crude oil market. those are very small people at noble. >> good to see you, dennis gartman of the "gartman letter." long for a first time in a long time. >> it's the first of what we call aggressive or wherever you want to say. it's not defensive m nas like you can argue. i would say if you look at what's going on, we talk about people getting mother-in-law, now it's going higher, i think you will sigh a lot of people go, you know what, i think that's what dennis is saying that i believe. m na accretive m na is very much in play here. >> that's great on a stock specific angle. the biggest take away is official couldn't rally. when you look at the type of action you should see a crude rally. it seems to me crude is hitting a wall right here make it's leveling out. it seems like it should have the ability and it did not. >> putting these two points toge

noble energy to bride -- by rosetta resources for whopping $2.1 billion in stocks.the oil industry. there is more and and a to come. tom: another showdown over greece. florence -- foreign prime ministers meeting over an accidental default. stephanie: and coming up, a former time warner chairman. the one and only dick parsons talking and and

. >>> noble energy buying rosetta resources.> saudi arabia king will skip the arab leader summit in washington this week. the white house had announced the monarch would attend. >> israel is really mad at us and saudi they're not allies any more. we got iran. we got iran. >> feel good. >> it's going great. >>> and check this out, yesterday was mother's day. but it was a dad stealing the spotlight at yesterday's mets/phillies game in the top of the fourth, a long foul ball to the back of the stands to make the bare handed grab. that is his dad with his young son. >> that baby was right there. >> i was at the rangers game and they throw those t-shirts and i got one! i wrestled it through and my daughter thinks i'm a god now. it was almost slow motion. it was bouncing around. we were the very last row of the bottom section. >> the ones they shoot up with the gun. >> in this case they were just throwing them. i was sitting down and i saw. it was slow motion i saw it coming and it's cool. >> that's awesome. >>> let's talk about some