the regulatory approvals will be received for celtic -- sabic.hat will play into the biggest strategy at play in terms of this very sabic doing aramco putting it on hold because they are focusing on the giant deal that they want to do. aramco canceling their ipo according to sources, saying they want to focus on the sabbath move, the sabic purchase. that's the key deal for them. lastabic purchasing the 24.99% from clariont. welcome toa warm nara kh. this is -- nejra cehic. this is her inaugural debut. warm welcome to you. we're going to fly with the show. last time we had doubled their indicator flashing red. the panic euphoria model coming out, really hitting a peak we haven't seen for a number of years. today, i bring you the macro guys going soft on research. 20 day correlation hedge between the s&p and macro research. it is flashing a glorious color of red. this is a correlation. it has not been this negative in two years. there is an inverse relationship between this move and the msci index and dollar index. last week it was bull and bear --

clariant and sabic said a swiss chemical firm will hold a majority hold in the business.of clariant told cnbc earlier this morning the deal will bringing added value to shareholders >> it's clear a more profitable player by creating a new business which combines the best part of our plastic and coating business in terms of additives with a high performance polymer leader coming from sabbic. that's about value for the shareholder. i think sabbic bought the share of the activists out in january, and the shares have been transferred last week. and it gives stability it removes uncertainty for the group and gives stability by having an anchor shareholder, a second one which is represented in the board and allows us to build a group for the years to come based on growth, innovation and with increased profitability. >>> the u.s. justice department cleared cigna's acquisition of express scripts. the two companies say the merger will allow them to reduce costs by coordinating pharmacy and medical benefits. >>> and nestle is selling its gerber business for 1$1.5 billion. the swiss

it could employ a leveraged buyout using sabic's balance sheet to pay for the deal.hat would keep aramco from having to borrow money and reveal its own details. that is your business flash. nejra: thanks. finance minister is trying to calm investor nerves as the 10 year yield traded close to a five-year high in the wake of a downgrade by fitch. the leaders went back on and offensive and said they will follow through on campaign promises. joining us from rome is the bloomberg italy reporter. thanks for joining us. thingshearing different from the finance minister and salvini. who should investors listen to? that is hard to say. and investors have taken it well. the truth is somewhere in between. you have the finance minister who understands of the mechanisms of europe and the country's deficit and debt that then you have the politicians and they need to make sure voters are happy. european elections are coming. early elections are always a possibility. they are saying different things and they want to make sure voters feel they are worried about them. there you have t

it could employ a leverage sabic's balance sheet to pay for the deal. having to borrow money and reveal its own details. s&p has cut the debt rating of french grocery chain casino into junk territory. casino has been battling muddy waters. we talked to the deputy cfo who says casino has gotten good offers for assets it is selling. >> we are committed and we are confident to deliver our $1 billion debt reduction which will be financed with this asset proposal and by our cash flow generation. that is why we were so confident in attaining our $1 billion debt reduction by the end of the year. we are confident on the ongoing disposal plan. that is your business flash. francine: thank you so much. let's focus on the european central bank. italy could find itself excluded from the heart of the monetary policy. the european central bank president eight year term and's in october, 2019 and his country has no automatic policy to succeed on the executive board after the. .et's go back to gilles moec the trial and on tribulations of europe, the main question is who