mergers in the history of global business. >> the merger of inbev and ab miller, would acquire sab millerels which include miller, coorms linengoogle and the combined company would help the brewer grow in latin america, asia and africa. >> our footprints are largely complementary. and where we have geographic overlap we will be proactive in addressing any regent issues. >> says the biggest regulatory hurdle will probably be in the u.s. >> and in the u.s. the combined company will have about 70% market share. it is really a big market share and what i expect, the merged company to divest the miller coors in north america. >> after in bev produced are sab miller. size matters two big brewers because sales of traditional beer have been flat. right now, when it comes to sales growth, craft beer is where it's at. while they make up only about 10% of the market, sales of craft beers are growing annually in the double digits. and there are a lot of them. thisr store in chicago covers more than 3200 different brands of beer. 3,000 are craft beers. and they come from as close as chicago and as far

has agreed to buy sab miller.record dell gives the budweiser maker control of about half of the industry. guy: close to naming jes staley as of the ceo both for joining blue capital. regulators theld front runner for the job if approved, he could be announced within two weeks. anna: china shows no sign of a let-up and the country's economic slowdown and imports fell. declinesight month of and the longest losing streak in six years. exports above expectations. guy: stocks fell from a seven-week high after imports fell more than economists predicted. juliette saly is standing by in hong kong. juliette: good morning. that trade data has been the investors to look at in asia. we are seeing a pickup in china's state -- chinese stocks. good news from automakers and casino stocks look good in hong kong. a little bit of a switch around. a lot of markets have closed and closed in the red on the disappointing import data out of china and they'll pullback in the crude oil price. we saw the oil sector, the worst performing in

shares in sab miller trimmed their earlier gains. they were up as much as 3% and now we're up by 1.2 but sab miller is going to take a look at this offer since it represents a 44% premium to the september 14th closing price and that's when they announce to the markets that they have received yet another takeover offer from ab inbev. >> there were a number of downgrades on sab miller but shares have come off since then. you were seeing all of this consolidation and we were talking to an analyst earlier about whether it would be more consolidation and he didn't seem to think so. >> who else can combine? the combined entity would oversee 70% of global beer market share. one in every three beers would be an sab miller or ab inbev beer and think about the regulatory hurdles and can you combine the maker of bud with miller? the u.s. authorities will probably take a closer look at that. >> that's one thing they need to sort out. revenue worth $64 billion. this is going to be a big company. a lot of beer. a lot of beer. let's stick with food

ab inbev has agreed to by sab miller. agreement cap's more than two weeks of back-and-forth over the price. over halfives control of the industries profit. slump. imports the data extends the street. the most in six years. exports down by 1%. beating an estimated fall of 7%. dicaprio's ducks and is joining with paramount pictures to make a movie about the diesel scandal. paramount says it has acquired the film rights. barclays, the three-month hunt for a new boss. it might be over soon. sources say the lender is close to naming former jp investment jess daly.t -- caroline, give us the data. caroline: ringing true of bob diamond and is fat -- and is to be said about jess daly. he could begin in the dumps up in the next two weeks. -- the thumbs up in the next two weeks. he jumped ship to become a -- heat as he was passed over for promotion jpmorgan. to take over over for diamond himself. they thought he was in the running before we saw antony jenkins take the helm. the former ceo jenkins -- he found it difficult to deal wit

sab miller up 2.6%. deal.ant a they want to buy sab miller. 42 pounds, 15 a share. company call it 16 billion pounds. those two stocks in focus. tesco as well. the stocks down. the headline number is beat. there is a line from ceo dave lewis. he comes up that she comes out and cannot rule out a offer. that will keep a lid on any depreciation on tesco stocks. down by 3.7%. over in japan, the boj kept its record stimulus unchanged. speculation that signs of a recession would present to act. ryan fowler is in tokyo. i want to try engage what is going to push the boj over the line. gauge whato try and is going to push the boj over the line. that and soto know does everyone in the world. we'll know for sure if we are in a technical recession, november 16. that is when we get the gdp data. to your point, there is a growing number of economists who believe the boj will move before that on october 30. we have updated our survey. survey that 41% of the economists say we will see action on october 30. it will be in the form of purchases of d.o.b.'s. there is a compelling case

two-day chart, falling 5% yesterday, then rising by 1%, then the big corporate story of the day -- sab miller you don't succeed, try again. after four rejections, ab inbev has agreed a price to take over as a.b. miller, 69 billion. that is a 50% premium to the closing price on september 4, the day before speculation of the deal surfaced. a busy morning. francine: here are bloomberg's other top headlines. ab inbev has agreed to buy sab miller for 60 billion pounds. it cap's more than two weeks of back-and-forth negotiations over the price. the record deal gives budweiser control over half the drinks in the industry. once they merge, one out of three beers sold will belong to them. to have capital equal to 5% of social assets, according to people briefed on the deliberation. shares in swiss banks are lower this morning, ubs down over 2.25%. francine: china shows no sign of a let-up in their economic slowdown with imports falling 17.7%. it is an 11 straight month of decline, the longest streak in six years. exports fell that were above expectations. manus: barclays is set to be close to naming j

sab miller and ab imbev. this is the third attempt to try to buy up sab miller. they have a 34% premium to sab's last close when they first made this announcement to the markets. we have gains today up 3% so far. and actually ab inbev seeing good gains as well. it's hoping to get lucky with with an improved public offer for rival sab. they have offered 42 pounds a share for the british beer and that represens 44% premium to sab's closing price on september 17th. they rejected the two offers by the way at 40 pounds and 38 pounds a piece but the major shareholder is urging the board to try to accept today's offer and it is going to combine brewing giants, isn't it? >> third time lucky. first i was there and now i'm here. the magic of television. >> i love that. >> like lightning. well, a combination of these two drinks makers, though, they would create a company that would sell one out of three beers globally as susan was indicating. raking in half of the industries profits. together they would employ over 230,000 people worldwide. this is a big deal. it's a really

sab miller has another roughly 25%. so to get the deal through authorities, there will be some divestiture, some selling and it could take up to a year before they clear the deal. >> some of the analyst expectations i was looking at were saying around 80% chance of getting through. i think the big check -- the question everyone is asking, is it going to get through? reporter: probably not. ticket prices increased after all the mergers and acquisitions. i would not bet on cheaper beer in the future. >> i guess it's in the time of falling consumer number so up goes the price. thanks to the bad news. sticking with corporate news, twitter is looking to expand its user base and company boss jack dorsey is admitting downsizing is the way to go. he announced the giant will be shedding 8% of its employees as part of a roadmap designed to expand by focusing on the launch of several key new products. greece gets its first bailout review later this month. it has a long list of reforms to get through in exchange for cash from its i

sab miller in the have, -- sab miller in bed, tesco, how hard is it to invest money properly at the momenton't understand the macro story and we are struggling to understand the moving parts. simon: there is a lot of noise. i will make one very specific comment. it more i look at sab, reminds me of glencore. -- this is the deal at the top of the cycle. my advice is take the premium, but in the year-and-a-half's time, sell it. the failure of re-emerging market demand could live up to expectations -- it is going to scuffle as ab inbev. it will be much harder to sell parts of that business than people think. to everybody -- be careful. winners curse coming on that one. guy: you were all doom and gloom this morning. simon: this is the bill being run. rung. bell being i will go on and say something interesting, which is that the doom and gloom we have on emerging markets is a little bit overdone at the moment. august, you were looking at currencies under pressure. the biggest threat of competitive devaluation from the chinese. but those risks have gone away. i think emerging markets can bounce

sab miller will be an interesting one to watch. down 2%. is this a ploy? is this a defense ploy, trying to show off how strong it is? in africa, latin america, in the longer term? is it being defensive versus the 8ab index? the offer could be in excess of $100 billion. it was due to come to us one day after the u.k. take of the panel put up or shut up deadline. there were reports in "the new millerst" that sab does not want it and will fight it. a norwegian air shuttle is up 3/10 of a percent on the back of strong traffic through september. jonathan: caroline hyde, thank you very much. after four days of gains in the ftse 100, we open in the red. it is early days, but not in asia. let's get your asian market wrap shery ahn in hong kong. asian stocks are now headed for their biggest five-day gain since 2011. we have two stories today in asia, first speculation that the fed will keep rates low for a longer period of time. second, the impact of that historic trade deal. we are seeing fishing, agriculture stocks rising. the nikkei and are up 1% higher. asx ros

apparently thirsty to acquire sab miller.st brewer, budweiser, corona, increased bid for largest value, $104 billion. this is the third offer it has made for sab miller. the combined company would have a major presence in china, europa, africa and latin america. sab miller largest shareholder said the latest offer could increase shareholders. >> nicole: yeah, both of those stocks are winners. sab miller saying hugely undervalue for their company. they want more. employees of online fantasy sports sites are allegedly using inside information not available to the public to earn big bucks. on the other side, espn cutting drafting contest within the shows but continues broadcasting the commercials from the daily fantasy sports site. they began inquiring for range of internal data, details how they prevent fraud and eric fisher of sports business journal said the scandal could lead to regulation. >> there are many repercussions. there was a push to have greater legislation on both the federal and state level around fantasy importa

sab miller accepts a 68 billion pound proposal from ab inbev but demands they pay a $3 billion break fee if the deal falls through. >> back to the future, barclays set to appoint a former jp morgan banker as ceo in what could see the run of an investment bank expert. >> watch and wait. the fed says a global risk have made the central bank think twice about a possible rate hike and for more fed clues stay tuned for exclusive interview with governor dan tarullo later on. >> earnings season kicks into gear with jp morgan after the close with the first major bank to report third quarter results expected to pose lower trading revenues amid the market turmoil. >> coming up on the show, is the unicorn club getting less expensive. we ask if the benchmark really matters. nudes are old news. playboy quits publishing naked picks. is this the end of an era for the iconic magazine? and di caprio turns his sights on vw buying the rights to produce a film about the emissions scandal. and let's stick with the vw scandal for a moment. take a look at the october survey, the sentiment print, that reall

sab miller turns down $100 billion. will the bidding go higher? i will talk to the cfo of the moscow stock exchange about investing in russia where stocks are up this year even as the country copes with sanctions and the oil prices. larry summershy thinks the fed should hold off on raising interest rates for now. first, let's head to the markets desk with julie hyman. julie: we are seeing a rally going on today. at least for now. stocks have been fluctuating because of what's been going on in the oil markets. you see all three major averages are hanging onto their gains. care is the best performing group today. biotech has been such an underperformer recently. it looks like some buyers have been coming back in today. energy up .9%. asecom and utilities lower we have seen rates on the rise today. let's take a look at the 10-year note. there was a tenure option earlier today -- 10 year option earlier today. we are seeing some selling of treasuries. the yield pushing higher to 2.07 percent. the euro is the most notable mover. german production declin

. 43.50 pounds per share is still some way off the price tag of 45 pounds that sab miller wanted to seerding to negotiations. now the ball is back in as a the miller's court. they claimed the previous offer substantially undervalued that company. the clock is ticking on a deal to be struck by ab inbev, sab miller, and its key shoulder -- key shareholders by 5:00 p.m. wednesday. otherwise it needs to agree to extend the negotiation. otherwise, ab inbev will have to walk away for six months. angie: angie: it is 7:30 hong kong. a live look at the observatory tower. it is a beautiful, bright, blue sky. not a cloud to be seen. we are 30 minutes away from the open of trading in japan and south korea. you are watching "first up." ♪ angie: the top stories this hour emchey'll has agreed to buy in what will be the biggest tech deal ever. it is worth $67 billion and it will involve $24 per share in cash and new tracking stock. michael dell and long-term partner silver lake will be funding the purchase. dell will add about $50 billion to its debt load as it seeks to fend off hp, amazon, and others.

sab miller accepting the takeover by ab inbev. the sectors could not be further apart, but analysts say the timing makes pretty good sense. >> we're likely to see interest rates turning in the next 12 months to 18 months. this seems like the ideal. they can spend money and expand market share. reporter: so far, the deal with sab miller is the year's biggest. in communications comes charter's deal for time warner cable at 69 billion. in energy, energy transfer equity's merger with williams, 62 billion. emc in at 59al for billion. >> many corporations in the u.s. and europe decided to batten down the hatches, restrict their spending, and quite frankly did not spend money on research and development. developing -- also be aboutould taxes. in august, burger king reached a deal to buy out canadian chain tim hortons and base itself in canada, where corporate taxes are lower. officials deny this as their motivation. markus: all reasons except for the bad ones are good reasons to merge. laura: thanks very much indeed, markus karlsson. we

abi and sab miller reached an agreement on the terms of a takeover. they'll receive 44 pounds per share representing a 50% premium to the closing price f. the two largest brewing companies in the world fail to complete the deal abi will pay its smaller rival a $3 billion reverse break fee. this is the fourth bid. we've gone from 38 pounds to 44. they played hard to get and they got a huge amount extra out of it. >> they have been playing hard to get for such a long time. this also happened with them. they had a little bit of experience with dealing with someone that doesn't want to be bought but at the end of the day, the question is is ab inbev paying too much? while sab miller repeatedly said the first three offers fundamentally undervalued the company because that offer was made when emerging market exposed companies were down. now you have to wonder, did they get a really good deal? >> i think the shareholders will be pleased with this. they would have been pleased when the first bid was made. the other big question is whether this still goes thro

what would be one of the largest on heiser this year, bush taking over sab miller, but it is off the ined now from london. is this an issue having to do with, how much? or does sab bill -- miller not want to be owned? it is probably a little bit of both. sab miller has wanted to plow miller furrow, and smb owns its own share, but some about thee forgotten brazilians and he built in scott they own just over 50% of that business. so if they have to issue shares, it will be diluted. need does anheuser busch sab miller? >> i think it could very easily do some excellent growth with it. there is no doubt. sab miller would take every box that they need. would get them leadership in africa, an area they are not in. it would strengthen them considerably in asia. it would give them global dominance. but they would like to have that in the long term, and they would do it quickly. but certainly they could do other deals and get their overtime. pimm: thank you so much, that was duncan fox. still ahead on the bloomberg market day, as president obama gets ready to sell the big pacific trade deal, wh

in bev and sab miller. now the two titans want to become one. produce one of the two brews people consume, brewnanza, on "inside story."

sab miller says it undervalues the company.ever, austria group supports the ab inbev approach. -- have rejected a proposed contract. they want an end to the pay system. volkswagen says that in january, it will start recalling the cars involved in the scandal, up to 11 million cars received technology to cheat the test. all the cars should be fixed by the end of 2016. that is our newsflash. david: we want to take a look at regulation in this company which has changed since 2008. i want to start with something that ben bernanke told charlie rose last night about the possible prosecution. forhe thinking was that those corporations, they are legal fixtures. they don't have morality. ,ny action that is taken whether it is strictly illegal or unbiased, it is taken by an individual. so i was saying that to me, it would have made more sense, instead of penalizing the firms as a whole, and the shareholders, it would have made better sense to determine who the individuals were. stephanie: you can watch that full interview tonight at 6:00

alix: anheuser-busch has agreed to buy sab miller, and sab miller has rejected several other offers from inbev. scarlet: wells fargo is buying ge assets, and among them the corporate and financial distribution business. they had been shrinking the finance arm to focus more on operations. alix: and sandisk has apparently received interest from two arrivals. western digital and another are said to be in talks with sandisk about a possible acquisition. about a possible acquisition. and that is your bloomberg business. scarlet: the last wave of the global financial crisis? we have a chart that shows how emerging markets happened caught in a tailspin that now threatens global growth. pablo deals with emerging markets at blackrock. pablo, where are we? would it be the second inning? fourth inning? mr. goldberg: this is important for emerging markets, because it is mostly correlated with prices. there are some that are behind that, like china, and also manufactured. joe: one of the stories we have seen is that obviously analysts have noted it is not as big of a deal as it looks because so much

sab miller is being bought by ab inbev. one out of every three beers sold will come from one company. in china, imports are now on the longest losing streak, they fell for the 11th month in a row. plus, domestic demand in china has been falling. there are reports that russia's embassy has been hit by fire. a russian news agency says there was damage but no injury. there is report of russian military action in syria. a newrland is imposing leverage ratio on the company's biggest bank. they will have to have capital equal to 5% of total assets. has easier terms. berkeley is searching for the ceo and it has led to another u.s. investment banker. former jpmorgan banker jeff isly is now -- just daily now favored to be the ceo. back to you in london. tom: thank you. let's look at equities bonds. we have seen a major change here in the markets this morning. -11, -10.e seen a jump on interest rates in the last two days. doing an american data check in london, that is strange. churning, your is see it much more in the red, but showi

raised several the latest bid was 44 pounds per share, valuing sab miller at 69 billion pounds or 92 billion euros. the combined company would be responsible for one in every three beers made worldwide. for more on the deal, i spoke to an analyst at ig in london. he told me what convinced sab miller that the offer was good enough. >> they were always keen to see a price close at a 45 pounds before they were going to approve it to their shareholders . they felt that previous bids were not remunerated their shareholders for the synergies the companies in unison would benefit from, and this is an all-cash offering. there are quite a few hurdles to be cleared yet before the big can be completed, not least because there is such a dominant market share in a number of u.s.ns -- specifically the and china -- where they will have to see some asset stripping going on. rkus: does this makes sense -- does this make sense? alistair: arguably, this is a deal ab imbev cannot afford to waste. while the dollar is still particularly strong, their spending power is that much more powerful as well. taki

ab inbev of thing hits proposal to sab miller. if approved, they would command 30% of global beer sales, so how went to shape the industry? democratic presidential candidates take the stage for their first debate tonight in las vegas. none more watch than hillary clinton and bernie sanders. scarlet: we start with today's activity in the markets. let's go to julie hyman who has the latest. everyone is back from the three-day weekend. volume is still down today. julie: you would think it would come back today, so maybe there is a waiting game for earnings. we are seeing a very tight range for stocks and very little change. i was looking at some of the leading and lagging stocks. 500 in stocks in the s&p terms of percentage gain, you have a pretty diverse group. united health care, google, pfizer. there doesn't seem to be a catalyst for either of these. on the downside, coke is falling, monster beverage. it owns a stake in a company but it's not clear why they are falling. proctor and gamble, the company is having its investor day, w

anheuser-busch inbev buying sab miller. would be a super brewery with half of the world's top 40 beers. >>> try using apple's news app in china. you have a problem. when people try to open the app, an error message pops up. story unavailable. news is not supported in your region. that means censorship. no word if it the government is blocking it. it highlights a broader challenge, especially technology and information media. google and facebook are blocked online. >>> 5:00 in the morning in the east. "early start" continues right now. in just hours, hillary clinton and bernie sanders head-to-head for the very first time in the cnn democratic debate. who will come out on top? who will come out swinging or will they? will there be a breakthrough from a lesser known candidate? we are live. welcome to "early start." i'm christine romans at the

sab miller would have to be the one asking.o go away, them all they have to do is not ask for the extension, drag things out to the deadline, then the game is over. scarlet: i'm struck by a note that said the merger between the two would -- would create the number one and number two beer player in the 30 biggest beer markets in the world. is there any reason sab miller would be gun shy because of regulatory reasons? >> i think that is a concern for both sides. they're confident they can come to a commendation with regulators but every trust regulator in the world is going to be looking hard at this. we are talking about a consumer product. seenlitician wants to be driving up the price for joe's sixpack or whatever. you will have a bonanza for lawyers if this deal comes together and a very serious antitrust problem in many countries that would require big data. >> when sab miller rejected the offer by saying it was substantially undervalued, does that mean 10%, 20%? >> the numbers that have been floating out there are closer to

sab miller says no way to the biggest buried deal ever. 100 million -- a $100 million ineover from budweiser death. bev.b inve inmev believes that they where the board should recommend. betty: shares of young brands are getting hammered today. it cut its full-year forecast. the company raised $110 million in funding led by jpmorgan. you can always get more business news at bloomberg.com. from london to new york, i want to head over to -- no, excuse me, i went to head over to pimm fox directly there at the nasdaq. you heard mark barton talk about the european close. just eked out that fourth day of gains. imm: the nasdaq composite is off the session lows. but the decline really started just as we were reporting those oil inventory numbers around 10:00. -- the nasdaq composite so far has done a drop of more than 50 points. we will see what happens in the afternoon session. one of the stocks leading the nasdaq higher is when resorts -- wynn resorts on reports that there was better gaming revenue coming out of macau because of the national gol

coming up, ab inbev has confirmed it is raising its takeover offer for sab miller. will that be enough before wednesday's deadline? the final wordt on what caused the crash of malaysia airline flight 17. coming up, how the airline is doing today and what tomorrow may mean for it. and as commodities start to settle in new york, we will take a deep dive into metals. ♪ david: welcome back to the bloomberg market day. it is time for our business flash. a big low for the man known as the bond king. investors pulled $47 million from the janice investment fund. -- janus investment fund. for our rate is off to the races in the stock market. fiat chrysler launched its initial public offering today. it is expected to price between $48 and $52 a share. ferrari will trade under the ticker race. plantes is the top luxury -- brand for the third straight month. sales were driven by suv's followed by bmw and audi. you can always get more business news at bloomberg.com. let's get back to our markets desk where julie hyman has a check on social media companies. julie: what better pla

shery: it has been a contentious week for a be in bed and sab miller. we are hearing from sources telling us that ab inbev has discussed raising its did for sab miller from 42 pounds per share them a 43. that is up to as much as $66, but that is still below what the u.k. were were once, which is closer to 45 pounds a share, -- wants,e u.k. brewer which is closer to the 45 pounds a share. these companies control half of the brewing industry's -- industries, and sab miller, they are being forced to choose sides on whether or not they want this deal to go through. ok, thank you. of course, you can get more on those stories and the rest of the day's news on bloomberg.com. there, you will find in-depth reports and market data and watch interviews you may have missed on bloomberg today. h: and here is david. david: the only market so far not finding itself above water, and a specific group of stocks which i will get to in a minute. like a this.ng broadly speaking x japan, we are off. eight out of 10. markets?ack to our ok, that being said, let me get on with

the deal needs approval from emc anheuser-busch in bed has increased its bid for rival brewer sab miller. there are offer is up to $1.82 billion, 14% higher than the initial offer. a.b. in bad already has six of the world' s largest beer brands, including budweiser. if it combined with sab miller, the company would be the world' s largest, controlling 31% of the global beer market. iran says it has convicted of an american journalist of espionage. coming up, the questions still unanswered about the charges against him and his trial. a community hoping to help support a mom caring for her daughter who is in a wheelchair. >> mommy needs to get a wheelchair-accessible van. tom: why that van would make such a difference in the lives jamie: it was a nice one today and a pretty great weekend, but you knew this couldn' t last forever, right? a look at the changes we have for the rest of the week ahead. tom: now to our u local hotshot. bright colors popping along the courier and ives scenic byway. you can submit your pictures and video and join the thousands of u local members by logging onto to

its: ab inbev has raised bid for sab miller, offering $104 billion.ab miller has refused to negotiate and says ab inbev is undervaluing the company. with matte will check campbell shortly mercedes-benz is the top-selling luxury car brand for the third month in a row. deliveries for september rising twice as fast as audi and bmw pits sales climbed 16% last month, driven by demand for suvs. alix: opec counting on stronger demand for oil next year. the cartel came out with its forecast, disclosing last month it pumped the most in three years. opec is predicting production by nonmembers will shrink in 2016. get more business news at bloomberg.com. scarlet: we will head back to the markets. at theyman will look micro and give us update on individual companies. julie: twitter may be cutting jobs. we don't have confirmation. andas reported friday sarah frier said they could be in engineering. the company has 4100 employees around the world. jack dorsey was made the permanent ceo of the company and this would be part of his effort to improve business. shares

. >>> the back-and-forth between sab miller and anheuser-busch continues. sab rejecting a $104 billion offer from its rival, marking the third rebuff in a month. the company believes the latest proposal still undervalues its firm. anheuser-busch rose more than 1% to $110.96. sab miller trades overseas. >>> a brutal day for shares of yum! the parent company of taco bell and pizza hut, saw shares plummet nearly 19%, second worst day ever for that company. last night we told you the firm missed earnings estimates and cut its profit outlook. and tonight, jane wells explains the challenges yum! faces. >> reporter: the report from kfc's parent yum! brands was finger-licking ugly, and it was a tense conference call between analysts and management. ceo greg cree took full responsibility for being caught off guard by problems in china. after predicting strong sales in august, things changed quickly on the ground. the chinese markets became volatile, domestic competition heated up with discounted pricing, and the strong dollar walloped the company. instead of same-sto

they is repeatedly offer to share analysis with sab miller and advisors each time they refused to engage with them but this is the third time and every time they increased the offer but sab refusing on this merger still calling it substantially undervaluing the company. sony is moving ahead with plans to sell half of its music publishing units. they held the business with michael jackson and the pop stars estate after his death since 1995. so it's estimated that it's worth around $2 billion. sony triggering an exit clause allowing one partner to buyout the other. they own the right to most of the beetles songs as well as marvin gaye and taylor swift. let's check in on shares. tokyo down 1.5%. let's quickly get to baseball and continuing his stellar run and the chicago cubs shut out the pittsburgh pirates 4-0. 4-0 advancing to the national league division series. pitching a complete game shut out. scattering for hits and striking out 11 pirates. the cubs ace is unbeaten and has allowed only four earned runs in his last 97 innings pitched and the nhl season kicked off with the defending st

sab-miller has issued a $106 billion offer from anheuser-busch. that was the sixth offer. earlier ones were rejected as under valued by sab-miller. the deal still needs regulatory approval. if that goes through the new company is expected to be based in belgium where anheuser-busch currentry has its headquarters. jean: twitter is cutting 300 jobs. the company has struggled in recent months with falling stock prices and failing to gain traction among new users. two weeks ago twitter brought back jack dorsey as permanent c.e.o. in hopes of resolving problems that have slowed the message service's user growth. and pay pal will help cover the costs of returning any unwanted gifts this holiday season. it will reimburse shoppers for up to four returns between now and january 31st. pay pal is accepted in many retailers including places like macy's and wal-mart. josh: a new industry has an unexpected effect on charities. jean: why toys for tots is struggling because of colorado's marijuana laws. josh: and we'll check in with the u.n.h. volleyball team. and one marijuana grer found

anheuser-busch offered $100 billion to buy sab miller. according to bloomberg, sab rejected the bid today because it is seeking a higher offer. frothyer you might say. and highser shares fell 1% to 109.60 and sab miller trades over seas. >>> sky works solutions agreeing to buy pmc-sierra in a $2 billion deal. a chip supplier for apple and pmc is a software solution developer. sky works fell 1.5% to 80.71. pmc up 33% to $10.24. >>> fedex has joined u.p.s. in hiking its fuel surcharges. the announcement comes before the key holiday shopping season and is the second increase by fedex this year. it will take effect november 2nd. fedex shares were 1% higher to 151.51. u.p.s. fell to 101.43. disappointing quarterly results from the yum! brands the parent of pizza hut missed on both the top and bottom lines and said the pace of recovery in its china division is below expectations. shares dropped initially in after-hours trading. during the regular season it closed at 83.42. >>> a weak outlooking from adobe late today. the maker of photo shop rel

and it follows sab millers rejection of ab inbev's offer this came yesterday with abi's ceo not commenting on talk of the bid going hostile because sab thought about it and said no. still undervalues our company. >> still being stubborn. that potential deal would deliver another boost to u.k. m&a levels with inbound deals already up 230% so far this year. a new report from emerging markets shows the u. k. has lead the charge in europe's overall m&a activity so far in 2015. joining us to discuss is global research editor. good morning to you. thank you for joining us. let's talk about this huge story in m&a activity. it's inbound deals. is that right? >> that's it. we've seen inbound activity and regional activity as well with a other proportion of that coming from the deal. >> outbound deals much lower. has that got something to say about the domestic economy? >> it's the u.k. searching for something they do have in the u.k. the u.k. is still really strong. it's in full recovery compared to other countries in europe and they're building up their companies and we see large deals happening t

sab miller is one we need to watch for.hat those numbers could mean on the m&a front. stay tuned, all of that up after this short break. ♪ anna: welcome back. 7:43 in london. here are the stories you need to know. guy: factory orders unexpectedly fell in august in europe's largest economy, vulnerable to weaker growth in china. orders-adjusted for seasonal swings. economists had expected a rise of 0.5%. of six peoplel accused of trying to fix the libel rate begins in london today. it is claimed that they conspired with the former stockbroker. the benchmark interest rate is behind trillions of dollars of financial deals. the trial is set to last between 12 and 14 weeks. , an the end of talks agreement on the transpacific partnership. it covers 40% of world trade and covers a range of products. critics say it threatens domestic jobs. both sides of congress have denounced the deal. south korea says it will "actively consider" joining the ttp but china remains on the outside. anna: minutes away from the start of european equity

they say they have an agreement in principal with sab miller. companies behind miller, and many more named brands are involved in this $100 billion deal. >>> leonardo dicaprio and teaming up with paramount to make a video about volkswagen's scandal. >>> and high tensions between the mets and dodgers and their first game since that contra >>> this morning on "today," tis look at the surprising new trend that has people holiday shopping before halloween. >>> and chase utley who was ss suspended uor two games for what they called an illegal slide, breaking the leg of tu ahata in the process. and even though he was eligible to play, no retaliation by pifotcher who was roughed up early. >> well, hit, base hit into right. that's going to score a run. that's going to score two and the a row come into third and it's wide and here comes carl crawford and he's going to ore. >> the mets battle back, driving in three runs on a double to deep right center to give the mets to lead. retaliated by winning, 13-7 to take a 2-1 lead in the best of five series. game

with a 50% since the company rejected sab miller's advances last year.en left about heineken's owner status and joins us now. brooke has written about heineken's loner status and joins us now. everyone assumes, they are in trouble but they are not. you have youre biggest rivals getting together, that will put pressure on the company and you will have to fight against stronger rivals. in this case, heineken has a lot going for it and one of the big reasons ab inbev and sab miller had to get together is it is the only way they can grow. heineken has been doing ok going on its own. be great for to the company and i see more opportunities to grow going forward because it will have less competitors to make acquisitions. there is not really a huge mega deal out there for heineken to do to make itself the size of this mega brew, but there are a lot of small opportunities with the cleanup have to go for. betty: they have to keep doing what they are doing. where are they growing? brooke: i making small acquisitions. dave bought a 50% stake in the u.s. craft brewe

alix: anheuser-busch him back ,as agreed to buy sab miller and sab miller has rejected several other ab inbev. wells fargo is buying ge assets, and among them the corporate and financial distribution business. they had been shrinking the finance are to focus more on operations. apparentlyandisk has received interest from two arrivals. western digital and another are said to be in talks with sandisk about a possible acquisition. and that is your bloomberg business/. scarlet: the last wave of the global financial crisis? we have a chart that shows how s happened caught in a tailspin that now threatens global growth. with emerging markets at blackrock. are we?here would it be the second inning? fourth inning? goldberg: this is important for emerging markets, because it is mostly correlated with prices. there are some that are behind that, like china, and also manufactured. joe: one of the stories we have analystshat obviously of anoted it is not as big deal as it looks because so much of it is domestic that it is not as important as it was in the 90's. what is your take on this? the deb

a proposed takeover of sab miller by and has -- buy in bed by inof sab miller bev.nd a dispute about the future of air traffic control. membership ended its in america. the group wants to privatize air traffic control powers. everyone.morning, upstream, downstream, you know it is about hydrocarbons and makes for great cocktail conversation. there is a reality to knowing what you're talking about. has spent many years diving into not only the this ise minutia -- exxon in his report this morning. but also what they are doing within the dynamic of upstream and downstream. we are caught midstream with peter pulikkan with bloomberg intelligence. downstream is where all the glory is right now. you and i know that always ends in tears. are we going to have overproduction, a screwup in refineries again? peter: there is definitely a possibility for that. the refining business has been bolstering all of these businesses. will really see pain is in the upstream business. that is where these companies have a massive funding gap. for several years their operational fences and ca

we had number one against sab miller wanted to see a deal.e have big shareholders starting to back sab miller saying you deserve a higher price point. in the meantime also speaking out saying it lacks credibility. slings and arrows will continue. let's bring in manish singh. obsessed aboutn the macro. as we go into, i wonder how low the bar is and whether it is about the earnings surprise and now the decline -- and not the decline? the last two months, the expectations are lower. or -4% or -5%, a votto doom and gloom. you can have another surprise. you can have an earnings surprise. ,f we have a negative quarter back to back quarter of negative earnings as that is back to my point of how will that make it easier. jonathan: 20 seconds. is notsingh: financials the sectors but consumers and technology. sectors i see and of course health care. a lot of selloff. 8%-10%. jonathan: a big thanks for joining us. we hear from the ceo of rio tinto about why the copper price and slow down in china is not responsible for the big route in the copper market