german giant siemens is one of them. at its charlotte, north carolina factory, it is building energy efficient generators that it sells to power plants across the u.s. and the world. this isn't your grandfather's factory floor. siemens needs sophisticated machinists, coders, and when it finds them. roger collins: we're programing robots in here, programming machine tools, this kind of work is not for an underachiever. scott: roger collins trains the workers. collins says when the company expanded its factory from generators to gas turbines in 2011, it realized it had a problem. roger: we had to hire 800 people very fast and just couldn't find the qualified people out on the job market to meet the needs of scott: to fill the pipeline, siemens went down the road to central piedmont community college and created a program to give college students practical skills and jobs upon graduation. chad robinson: it's not the normal route, but this is a route that more people should be taking. scott: both chad robinson and orkhan pat

. -- in siemens.plan to keep control, keep a majority stake in this business? guest: we said we're going to that saidext step and we're going to strengthen our health care business, we believe the next important step on this one is that we bring our health care business public and that is as much as we want to say today. we're looking into the opportunities which that brings with us and we will take it from there. markets are getting very excited yesterday about the potential for infrastructure investment. what does seem and planted gain under president trump? guest: the american people have voted, they made a decision so we congratulate the president-elect esther trump. we look forward to working together with him and his administration as he has done .ith all the presidents we have more than 50,000 people working for siemens in the u.s.. the country is by far the single biggest market in the country the world. and our revenue is about $22 billion u.s. in the country. there is a big opportunity here

scott: collins says siemens is hardly doing this out of the kindness of their heart. they know the upfront investment "teachable moment," perhaps, for u.s. companies and colleges. is this the future? roger: absolutely. absolutely the future. there is no way, in the current educational system, that we're going to be able to fill the technologically advanced jobs that we have here. scott: skills-based training has always had bipartisan packing best backing. million to an apprenticeship program on top of $175 million the department of labor handed out last year. sharyl: what about under a trump administration? scott: he has certainly made the concept of ringing just being an apprentice popular. he said he will be the greatest jobs producing president got ever created. so far, no details from his campaign on what they will do for apprenticeship or vocational training. sharyl: we will see if it is sharyl: most of the media are admitting they've lost contact with america. i promise we haven't. we're starting a series we'll call "pulse." "full measure" correspondent joce ste

there is siemens equipment in every one of these, or some types of siemens solution in one of these. so hopefully in some small way we help you. it is great to partner with all of you. thank you. and congratulations. so we heard from the panel earlier a lot of things around the changes in health care. the dynamics are changing and changing quickly in the marketplace. chronic disease burden, payments, the pressure on costs. these are things we're all dealing with, right? health systems are providing high quality, personalized care, managing risk and population health. obviously everyone is trying to do more with less, right? sounds familiar? we all have a common goal, however. that's trying better outcomes and satisfaction with your patients at a lower cost. is and we understand and appreciate that as an organization as a health care supplier. we think it is important to collaborate with health care systems to ensure that this is sustainable. so we really believe the collaboration between the two of us is important to make this happen. we're big believers in. so what i want to do is s

mark: the siemens checklist -- chief executive speaking to us earlier.n equities finishing, five minutes away from the end of the european session, stocks higher, up by one third of 1%, look at the currency board today , the bloomberg dollar spot index which monitors the dollar against its peers. sterling is the best performing ther currency against dollar. inflation data which showed a slight slowdown in inflation. the selloff we have witnessed in the global fixed income 's come to an end, how long will it last? the closes next. -- the close is next. ♪ mark: live from london and new york, this is the european close, i am mark barton with vonnie quinn, the end of the tuesday session, the stoxx 600 up by one third of 1%. that game during the time is 1.3% since the election and oil and gas rising over hope they will be a deal among opec and non-opec members this month to freeze or cut production. estate, utilities gaining today, they have been falling since the election and basic resources, health care, banks rising and they are hauling today. -- falling t

it's more down to some of the specific stories out there and just briefly to mention that siemens agreed to buy the software company mentor graphics. not sure if you have been talking about it this morning, but a big deal, 4.5 billion. and over 100 million euros within the next four years or so. and this transaction itself is supposed to be closing during the second quarter of next year. but one of the key shareholders of mentor's elliott management supporting the siemens deal said the shares were deeply undervalued. that's one of the bigger stories making the rounds here. >> louisa, thank you for that. the dax was up 4% last week. nmpb >>> in other global news, nigel farage is the first foreign campaigner to meet with donald trump. he said he needs to mend fences with the new incoming president. and i just got back from the u.k. over the weekend, this got huge attention. not only is mr. farage not a part of the u.k. government or teresa may's party, therefore questioning her authority here, an outsider in that sense being the first to meet with president-elect trump, but he's the first

siemens agreeing to buy mental graphics to expand its industrial software capabilities.hank you very much indeed, nejra. let's get back to what is happening stateside. president-elect donald trump has signaled he may take a more flexible view on what to do with the affordable care act. speaking to "60 minutes," he asked what would still just a pre-existing conditions would still be covered under what is currently known as obamacare. mr. trump: yes, because it happens to be one of the strongest assets. so will the children living with the parents. very much try to keep that. it adds cost, but it is very much something we are going to try to keep. guy: let's talk about kind of what is happening with the sector story. let me bring this chart up for you. with someoneout it from socgen. this is health care versus the bank. the blue line is the banks and this is health care. they have been moving in different directions. but since we have seen the trump presidency confirmed, have actually seen health care stocks do a little bit better and the banks do a lot better. true sector

. >>> the boss of siemens reacts to trump's victory saying geopolitical uncertainty remains the single biggest risk, after the german conglomerate beats expectations and unveils plans to list its healthcare business. >> i'm sure that the president and the government is always aware of that, that whatever sentiment comes from the united states will move the world. i'm very confident this will always be taken into consideration. >>> shares in vivendi hit a high note as a strong performance in its music business helps the french media group beat expectations in the third quarter. >>> good morning. welcome, everybody. if opec countries do not implement their algiers resolution, the resulting production cuts will see the market move from surplus to der. deficit quickly in 2017, according to the ia's latest market report. it adds that october's global oil supply rose by 0.8 million barrels a day year on year. joining us is neil atkinson at the ia. talk us through some of the highlights and how we should be understanding this message. it means we need to push through with some of these latest

siemens, one of the big trades.ra: i am starting on the sector rotation and what is happening on the imap. it is interesting because in asia, we saw the material stocks leading the gains with higher commodity prices, most likely spurred on speculation that trump's plan to spend on infrastructure would boost demand. financials are leading the gain on the stoxx 600. it is those materials then, second in line, up .8%. financials are moving higher on those inflationary expectations, pushing bond yields higher. the 10 year guilt yield, we are up about three basis points. it is moving in the same direction as other bond yields in europe. 1.29% on that 10 year yield. i have the 10 year bund yields moving higher, as well as the rest of europe. the 10 year yield on the treasury is actually coming down slightly. yesterday we saw that really, a startling turnaround when we saw the 10 year yield surge mtghehe most since 2011. coming off a bit here today on the 10 year yield. perhaps, some investors see some opportunity with the

siemens is serving up its industrial basis. does the group feel about the incoming president donald trump? all of that is coming up here on daybreak. this is bloomberg. ♪ yousef: welcome back. you are looking at a live shot from tokyo. the imperial palace. dollar-yen currently trading lower. 0.3%. the 10 year bond yield has risen to zero for the first time in the globalmonths as asset classes continue that rotation off the back of donald trump winning the election. it is still not over. what is also ongoing is a new edition of daybreak which is now available on your bloomberg and your mobile. it is a function. let us see what is making the top stories. anna: it features some ongoing m&a activity. it looks at m&a in the tobacco sector. reynolds american has rejected a buyout offer. to seek a higher sale. thatdo remain in talks as is willing -- bat is willing to increase the price slightly. englandthe bank of governor will be questioned about his forecast after a report is expected to show that further pickup in prices. economist

there is siemens equipment in every one of these, or some types of siemens solution in one of these. so hopefully in some small way we help you. it is great to partner with all of you. thank you. and congratulations. so we heard from the panel earlier a lot of things around the changes in health care. the dynamics are changing and changing quickly in the marketplace. chronic disease burden, payments, the pressure on costs. these are things we're all dealing with, right? health systems are providing high quality, personalized care, managing risk and population health. obviously everyone is trying to do more with less, right? sounds familiar? we all have a common goal, however. that's trying better outcomes and satisfaction with your patients at a lower cost. is and we understand and appreciate that as an organization as a health care supplier. we think it is important to collaborate with health care systems to ensure that this is sustainable. so we really believe the collaboration between the two of us is important to make this happen. we're big believers in. so what i want to do is s

see siemens and bp and cisco. that is why you see so many entrepreneurs.oney contained inside becomes available to the rest of the world. >> i was just going to ask exactly that. you talk about oil and energy companies. there seems to be technology companies there. >> it does depend on the course that saudi arabia chooses to .ake they want to generate 30 odd sourcesgdp from non-oil by 2030. entirelymy is almost dependent. that is a huge effort. a lot of people are employed by government at salaries that are relatively generous. saudi arabia has no choice. nobody is predicting oil will go back to $100. balances of $80 curve barrel. maybe they are by 2020 and getting that down to $60 per barrel. anybody's guess. that is why it is imperative. we know that they want renewables and infrastructure. believe it or not, six flags is here. six flagshave thought would build a theme bar -- theme park in saudi arabia, but it could happen. vonnie: if you go on the roller coasters, be careful. our thanks to erik schatzker. continuing to bring us more interviews from ther

i'm glad he mentioned the siemens not just the ges thank you. [ laughter ] now that i got that out of the way, well, great to be here. for those who don't know about siemens, we're a broad-based diagnostic company focused primarily in imaging and laboratory diagnostic instruments. we're also a service provider, an it provider and we're pleased to announce and we heard talk about this earlier from our panel, we here in the population health business, we formed a new arrangement with ibm watson that we announced about two weeks ago. i want to congratulate the honor role list of hospitals, great job and congratulations to all of you, it's a great achievement. we're pleased to say that -- actually there is siemens equipment in every one of these or some types of siemens solution in every one of these institutions so hopefully in some small, small way we helped you with your performance so, again, congratulations, on a serious note, it's great to partner with all of you so thank you and congratulations. so we heard from the panel earlier a lot of things around the changes in health care. t

what kind of an impact but have on siemens?rst of all, the way it populism starts into internationalism. nationalism is for trade. beenis whole world has global trade. globalization means many things for many people. to, this poses quite a risk actually going to industrialization. everyone talks about opportunities for the rest of the world. so to think a little bit about the internet coming to the there is noorld, border that the internet would say hey, wait a minute, now i am going to france, i not allowed to enter. >> we have had such a run of regulation of the last eight years. what will be left of it over president trump's administration? how its hard to forecast will all play out. if dodd-frank is on a table, as it apparently is, some aspect of dodd-frank have been effective. i think most people would consider, even chairman greenspan's comments, that higher capital at major financial institutions is a good idea and has made those institutions sounder and safer. think, your hand, i know, you do not want to treat all finan

what kind of an impact could have on siemens? all, the way it goes is populism starts into internationalism. nationalism is poised for global trade. so, this whole world has been prospering because of global trade. globalization means many things for many people. now, if you turn this back, this poses quite a risk to actually going to the next step to industrialization. everyone talks about industriales for the world. so, to think a little bit about the internet coming to the industrial world, the internet has got no boundaries. internet would stop, and say hey, wait a minute, now i am going to france or elsewhere, i not allowed to enter. that is not the way it works. david: we have had such a run of regulation over the last eight years. what is going to be left of it in president trump's administration? gary: it is hard to forecast how far they want to go and how it will all play out. if dodd-frank is on a table, as it apparently is, some aspect of dodd-frank have been effective. i think most people would conceive, even chairman

and siemens has agreed to buy software company mentor for $4.5 billion. a 21% premium on friday's closing price. i want to start with samsung. this is about smart cars. >> overall, the smartphone industry seems like it is slowing down. this is an $8 billion all-cash gamble to get into the car space. the cars will not go away. harman produces most of the stereo systems and has moved into other elements of the car, so basically, samsung will become an auto supplier. they will be selling parts to ford, gm, toyota, chrysler, etc. scarlet: more than $25 billion of acquisitions were announced in health care, tech, and financial services. i want to start with perella weinberg agreeing to buy tudor, pickering, holt. the two will force an investment bank with more than $12 billion in assets. is bigger better in a less-tightly-regulated financial industry? jeff: perella was not that strong in the oil and gas space, and tudor pickering is very strong in that area. and we have not had a lot of energy deals. in fact i cannot think of , anything maybe other than the ge

. >>> siemens has agreed to buy mentor for $4.5 billion or $37.5 per share. they expect 100 million euros within four years and the transaction is expected to close in the second quarter of 2017. mentor's 8.1% shareholder elliott management has committed to support the siemens deal having said the shares are completely undervalued. >>> and novartis is looking to sell their eye care division called alcon. the chairman said alcon has not developed as expected in the last two years. >>> and samsung will arequire the auto supplies from harman for $8 billion. it will boost in developing automotive technologies. that's a big deal in the country. >>> and greencore plans to buy peacock foods for $747 million. the irish food company announced a 2% rise in operating profit while the company's total dividend rose by 8.1%. speaking to cnbc earlier, the ceo discussed the merger in more detail. >> for five years now we have tried to build the scale in the u.k. and the u.s. and we have been looking for a number of years for the right way to scale up the u.s. business. unfor

today, siemens put their connected vehicles on display and said they could soon hit the roads in the bay area. ryan hughes went along for the >> reporter: connected vehicles could soon be on bay area roads. the vehicles have software inside that connects with technology on the roadside, making driving easier and safer for everyone. seamans engineering company is using tampa as a test city. infrastructure is already in place to link vehicles with the roads we use every day. >> the first scale connected vehicle in the united states. >> reporter: system a floral. we went for a test drive as we made our way downtown. technologies car determined if traffic signals ahead were red or green. that information helped drivers slow down or speed up. >> it also allowed us to keep harmonized speed recommendations to have the traffic flowing throughout the city with a minimum of stops. >> reporter: the software will likely be built into future vehicles where drivers can put the capability of mourning pedestrians about potential bicycles, making the roads safer for everyone. >> the u.s. d.o.t. says

about infrastructure, medical technology, i can think of no one that could profit more highly than siemens has said that if the plan goes ahead, his company also -- already has cement works in texas and arizona that are good to go. the enormous controversy of the project clearly has not faced him. brent: while investors are showing their optimism across the world, and mexico, it is a different story. the main index and pay so dropped, the peso falling to its weakest on record. as a candidate, trump wanted to negotiate or tear up deals, including nafta. that is a pack to which last year netted mexico over $92 billion in u.s. investment. this could just be the start of deal destruction. reporter: mexican president pnea -- pena nieto said they were focused on cooperation. >> a new chapter in relations begins between mexico and the united states, which will involve a change, challenge. but also, a great opportunity. reporter: many investors in mexico city are negative about the u.s. election results. stocks rallied in the u.s. and europe the day donald trump was elected, but the market dropped

. >>> siemens will buy in a deal to expand their presence in the u.s. while also helping it grow its software business. mentor graphics saw its shares pop 18% to 36.29. >>> and the cigarette maker reynolds american has reportedly rejected a $47 billion takeover offer from british american tobacco, saying the price was just too low. bloomberg says the companies are again in talks and british american allegedly is open to improving its initial offer. reynolds american shares were down 53 cents, as you see there, at 53.05. bat's shares were off 2% at 106.09. >>> shares of kate spade rallied after the handbag and accessories company received a letter from a shareholder asking that company to pursue a sale. a hedge fund says it has become increasingly frustrated with that company's inability to achieve profit margins comparable to the industry peers. >>> the conclusion of a ten-year drug study found pfizer's arthritis treatment, celebrex, was as safe as prescription strength ibuprofen and naproxen. there had been concern celebrex might cause heart problems s

and just yesterday, germany's siemens announced a deal to require mentor graphics which makes software computer chips. the growth prospects are alluring. especially since sluggish global growth, a strong dollar and weak commodity prices pressured other business. >> if you take ge, they have projected $6 billion of digital revenues by the end of the year, growing anywhere to $15 billion by 2020. clearly the growth rates are fast. and you don't typically see growth rates like that come out of large industrial conglomerates like this, which typically grow gdp. >> reporter: it's still in quote, early innings. ge in revenue last year alone. but as the industrial internet of things takes root, it's a race to connect. for "nightly business report," i'm morgan brennan. >>> coming up, twitter's new top priority. will it help attract new users and maybe even potential buyers? ♪ >>> air maintenance workers at u.p.s. voted to authorize a strike against the world's largest package delivery company. the union says talks remain deadlocked over health care benefits and if no progress is made, they wil

fang is hurting. >> mentor graphics not hurting up 18.5% on this deal to be acquired by siemens. $37.25sh, about a 21% premium to the prior close on the company. stock price represents about 21 times 2017 estimated earnings for this company. it does appear to be a bit of a premium at least to the rest of the group. take a look at cadence design, take a look at synopsis if you want comps, both of which are up also. not nearly as much. >> right. >> as is mentor graphics. but also interesting there's a pace of m&a activity that is quite significant. >> incredible. >> i continue to talk to a lot of bankers and lawyers who make their living advising on deals who seem to think things are still being worked on for this year. but it's a funny thing with the incoming trump administration, you could imagine antitrust in some ways being light touch. >> right. >> but the protectionist elements of it also taking a closer look at any foreign acquisition of a u.s. company, certainly ones that will result in fewer jobs. so it will be interesting to see how that plays out. i mention that of course today

. ♪ fourth-quarter earnings better-than-expected for siemens.id revenue rose in most of its industrial divisions and announced lamp to spin off its health care division. macy's is making news on two fronts, the largest u.s. department store chain boosted its sales forecast for the full year even though sales fell in the third quarter and macy's has named the brookfield asset management to create a development plan for about 50 pieces of macy's real estate, most of them in shopping centers, not owned by major mall companies -- am -- companies. theie: polls have long been gold standard for elections but have not been shining lately as the u.s. presidential election showed. poll failed to predict donald trump winning the presidency over hillary clinton. >> they were wrong. dramatically. >> brexit polls. >> the pollsters have got it wrong again. >> the u.s. congressional election polls. polls in israel, greece, scotland. wrong, wrong, and wrong. in any election year, if you watch cable news -- >> the latest wave of polling. >> or read news outlets,

i have dog park rules for siemens and dogs dogs cannot sit down and humans cannot talk about work or politics. >> was sure has been arrested quick. >> key was. these are photoshop to. peter was arrested eventually after walking henry off leash in washington d.c. he got a ticket this story is pretty funny because as it over criminalization of america you hear from the right and left this is a good example this was a bureaucratic nightmare new address to send the ticket to pay he tries three times now he is a newly minted u.s. citizen and he tells me i will have my day in court. i settled think that is a good idea. [laughter] britain and america have a lot of similarities but the legal system is not one of them and sure enough he had to go operation clean slate that required an entire day different jails cells including leg shackles at 1. i was in the white house the acting press secretaryi wa he knew he'd have a messy in the movies i know the right side get one phone call. officer smith did not want him to. >> host: know my rights city called the white house. [laughter] he was sent ca

at the same time, you'll siemens and other people who have been through this process in washington before say now to the president-elect is we really need to dig through their background. we can't just take loyalty as the number one qualification. we have to make sure this person can get confirmed and in most administrations you have one or more people who get nominated and have to pull back because of something that comes up during the vetting process. >> howard, we know transitions are messy even though we know president obama has talked highly about going from bush 43 to his administration. that said, when you hear words like "knife fight," "game of thrones" in terms of decision making and lack thereof, confusing buffoonery, does that worry you? >> not especially. this is the toing and froeing of a transition. transitions are by definition challenging and difficult and i think everybody is sitting back and enjoying the kind of palace intrigue that's going on right now but fundamentally what's happening is the incoming administration should be talking about appointees and policies and t

mentor graphics, siemens is going to buy this company. its biggest acquisition since 2014.t amaya, a canadian company whose founder has make an offer to take things private. the deal came as william hill called off merger talks with the company. this company basically owns poker stars online gambling service. david? david: ok, turning to the top --ry of present of president-elect donald trump, putting together his cabinet. even he seems less brash as he plans to take over. before he named reince priebus as his chief of staff, he talked with leslie stahl at "60 minutes." mr. trump: it's in or miss. i've never done anything like this. it is so big. that this is a whole different life for me now. david: joining me now, megan murphy, the bloomberg washington bureau chief. this was big news over the weekend. tell us how reince priebus got to this point. megan: he got to this point by being the person who on an organizational level brought trump to this point. they didn't have a ground game. they really relied on the ground game of the rnc to get the vote out. figure, a figure th

we have a ge, and a new siemens three t. mri and the resolution from these is amazing. but they keep change in this space happened just in the last two years. scientists working with dale landers at -- develop a new imaging analysis that just looks at the water differences in tissues. it allows as you'll see in a minute, blood vessels show up readily with -- excuse me. tumors light up like light bulbs. it's called restrictions spectrum imaging. is a case of a tumor totally thought to be healthy, individual came in just for the health nucleus. we 585-centimeter tumor on his breastbone. you can see in the image on the right it literally lit up. his tumor was removed within a week. it was a stage one, but it was just at that stage where it started to penetrate the tissue. this is just the size for the start to be dangerous but detecting an early, he would help a week after discovery completely cancer free. if he waited another year or two, the outcome would've been totally different. the straight mri imaging now allows direct back doses of prostate cancer just in the mri w

and siemens did it. in the united states, they built that locomotive and about sacramento, s in california, where there was no locomotive manufacturing plant until the american recovery act became law and billions of dollars became available, that german company went to sacramento, california, just outside my district, where i spent more than 40 years representing the area, and said, we can do it, and they did it. and now they have contracts toll build america, not just locomotives, light rail cars, and the like. e can make it in america and your tax dollars can employ people in america and build manufacturing systems in the united states if -- and here's the key -- if, in the months ahead, this congress, working with the next president, actually decides that they're going to put into public policy that your tax zol arizona are going to be spent on american-made equipment. in that bill i talked about a while ago, a fast act, which is a five-year transportation bill, we increased by a little bit, the amer

athena health, microsoft, siemens. i'll be your mc over the next couple of days making sure trains run on time and that you all are aware of many sessions and networking activities you all can participate in. now, just a couple of housekeeping notes. we are live on c-span2. later today you can find this on c-span's website, c-span.org. wi-fi is available to all of you on the network renaissance conference. the password is u.s. news hot. can you follow us on u.s. news twitter and u.s. hot. we encourage everyone to tweet live, #usnus 16. find us on facebook, linkedin, youtube and instagram. u.s. news reporters are also covering the events so please visit u.s. news.com/hot to keep up with conference news coverage and get a summary of those sessions you may have missed. videos of our keynote sessions will also be posted there. tomorrow morning we begin early with several exciting breakfast round tables and a full day of panels, workshops and case studies. don't miss our keynote luncheon which features what promises to be a

athena health, microsoft, and siemens. i'll be your emcee over the next couple days, making sure the trains run on time and you all are aware of the many sessions and networking activities you all can participate in. now, just a couple of house keeping notes. we're live right now on c-span2. later today, you can find this session on c-span's website, c-span.org. wi-fi is available to all of you on the network renaissance conference and the password is u.s. news hot. you can follow us over the next three days on twitter, and we encourage everyone to tweet live, #usnhot16. you can also find us on facebook, linkedin, youtube, and instagram. u.s. news reporters are also covering the event, so please visit u.s.news.com/hot to keep up with coverage and get a summary of the sessions you may have missed. videos of our keynote sessions will also be posted there. tomorrow morning, we begin bright and early right back here with several exciting breakfast roundtables and a full day of panels, workshops, and case studies. and don't mis

we spoke to siemens yesterday.n industrials priced in euros --how do they fare in this next phase? >> i am sure he has a lot of kit he is willing to sell to them but looking at the valuation of european industrials, trading at margin, highs on a high you have already placed in all of the good news. and also even from here if donald trump does come out with an infrastructure plan, it would take many years for that number to come through. midtermit is probably bullish for the earnings outlook for the shares you have had all of the good news. -- insurersemens and banks are still leading the charge. freddie will stay with us. up next, we are talking about pre-trump highs. any visibilityve as to what the fed will do? china enters ebola record as the dow jones industrial hits a record. are they getting added themselves? a week that made history. a truly historic week for the u.s. and the world. we look at the years to come. this is bloomberg. ♪ guy: welcome back. you are watching the european open. there 12 minutes into

some news with siemens buying mentor for $37.25 a share. the deal is valued at $4.5 billion. that's including debt. mentor sells hardware and software design automation tools used in developing and testing lek tropic systems. s samsung electronics is acquiring harman international industries. the deal is valued at $112 per share in cash or $8 billion. that's a 28% premium. and it is samsung's biggest acquisition in itself history. the south korean electronics giant says harman will operate as a stand-alone subsidiary and plans to keep the company's workforce headquarters and facilities. take a look at where harman is unchanged in premarket trading, but it is interesting samsung is going the acquisition route among the cloudy corporate structure and all the troubles in the electronics recently. >>> and american apparel filed for the second bankruptcy protection in just over a year. this news comes at the retailer has faced heavy competition and a rocky relationship with its founder. the clothing maker listed assets and liabilities in the range of $100 million to half a billion

siemens is buying metric graphics. i wondered why you came in with a bounce in your step today? >> it's merger monday, and a couple of weeks ago i spoke to -- today i'm going to thank elliott for this. it was pretty clear that they want to get the company sold. they did. it's a nice premium. went for more than i thought it would. thank you. >> jimmy, morgan stanley upgrades citi to overweight. >> i'm on board with this call. look, if you look at their 2018 book value per share, this starting of $70 a share is only .8 times that book value. that makes a lot of sense to me. people are going to say it's come too far too fast, but no, it's got more ahead of it. >> harmon, samsung buying harmon. it broke jim cramer's heart today because he was saying that p ale should have been the one. >> and rightfully so. i think jim talked about it this morning. this really is a huge win for samsung. it really is. jim, identified over the last couple of years -- >> he really did. >> the value in harmon. it's been a fantastic company. now today if you are a harmon stockholder, you are getting a 25

siemens deal, mentor is moving higher, siemens pulling back.to that one, and the retailers, some of the names to watch this week as they report their quarterly numbers. ♪ it was always just a hobby. something you did for fun. until the day it became something much more. and that is why you invest. the best returns aren't just measured in dollars. td ameritrade. see me. see me. don't stare at me. see me. see me. see me to know that psoriasis is just something that i have. i'm not contagious. see me to know that... ...i won't stop until i find what works. discover cosentyx, a different kind of medicine for moderate to severe plaque psoriasis. proven to help the majority of people find clear or almost clear skin. 8 out of 10 people saw 75% skin clearance at 3 months. while the majority saw 90% clearance. do not use if you are allergic to cosentyx. before starting, you should be tested for tuberculosis. an increased risk of infections and lowered ability to fight them may occur... ...tell your doctor if you have an infection or symptoms... ...such

shery: taking on ge and siemens for a bigger share of the health care solutions market.acturers scanners and take ticket medical gear but says a medical software market could grow twice as fast. they hope to improve interpretations of data from scans. software accounts for $3 billion of stainless steel. betty: mitsubishi will recall 25 million vehicles in china. the control watchdog said the recall involved 24,000 ansi x and other suvs. it was down to flaws in the rear doors. 4000 will be recalled in march over defective airbags. mitsubishi has recalled 100,000 cars in japan for airport -- airbag purposes. oldest register company in hong kong, the font operateshe hotel group around the peninsula and is operating with 150 years. profits fell, but they are confident about the future. joining us, clement stokes. thank you and congratulations on your anniversary. how difficult is it to remain competitive for 150 years especially given the market headwinds we have seen recently. in the first half, you slumped. how do you overcome that? morning. the reason is we had major asse

some other stories making headlines, phillips taking on ge and siemens for a share of the lucrative healthlutions market. the company says the medical software market could grow twice as fast. it is saying that it will help interpretation of data from scans. holiday shoppers spending less so for black friday weekend and last year, another sign that american consumers are relet and discounting,out including online and off-line purposes. shoppers been an average of 289 dollars over the weekend, $10 less than 2015. a third of consumers said their purchases were on sale. of the campaign to take the u.k. at of the european union have rejected a plan by boe governor mark carney to negotiate a transition for companies. brexit leader called for an " clear, clean, and simple approach." animated musical film has topped the north american box office, raking in $55 million. the film outperformed three , the biggesteases thanksgiving debut since 1980 to, although it missed ticket sales estimates. on when itt is going comes to the trading day, japan-south korea, on the way down, nikkei two a stellar , s

siemens up on most 5%. it is going to spin off a $15 billion health care division but will keep a controlling stake, trying to transition to an alibaba in a single day tomorrow that will start at 11:00 a.m., 90% of chinese consumers are expected to take part. growth could be as high as 45% and sales may hit $20 billion. futures, itt copper is moving a lot of the metals up. this is the biggest winning since september 2014. many analysts reports say this upside due to growth and infrastructure spending from donald trump is overdone because there are still a lot of supplies coming online. watch as we continue in the days ahead. david: the transition to a donald trump white house. the president-elect promising to boost spending and spur economic growth but how much can he do? larry summers joins us next. this is bloomberg. ♪ jonathan: from new york city, this is bloomberg daybreak. let's get a check of the markets viewed risk on, a little bit more nuanced than not. it is very much a rate story. utility selloff,

siemens is expanding -- they have agreed to buy -- 44.5 billion dollars.s a 21% premium of the closing price on friday. -- double its stake two months ago and pressured the company to approve value for shareholders. japan's economy grew faster than expected in the third quarter. of 2.2%,at a rate three times as much as economists had forecast. japanese business spending was unchanged. the exports added half a point to the gdp. that is your bloomberg business flash. tom: thrilled to have you with in london.e we have two wonderful guests to bring a market analysis of the last week and moving into this week and into december and january. richard turnill is here with us. larry hatheway has been a gentleman of wisdom over the years as well with gam. i want to talk about the mexican peso. a butterfly flapping. you have the mexican peso surging on. anthony, ring up the chart, if you would. two standard deviations. out three standard deviations. does that signal normal? or crisis? richard: neither. a significant amount of risk being priced in across all emerging m

we will watch that watching mentor graphics one of two major ordeals siemens agreeing to acquire 4 1/et as harman international acquired as well as this morning by samsung, protesters are continuing across the country this weekend, over the election of donald trump, joining me host of vaurn vairn, stua"varney & ch in. >> not just protesters i know there are offices office places in new york city and california where the sons and daughters of elite nice jobs there is a mass cry n un in some offices there is hysterical crying and tears from people in 0's for at the heaven's sake what it has come to in this country i find it absolutely pathetic, protesters -- the media is in disgrateful for what it did not apologizing now, we've got individuals only on the elitist left and right coasts that is all we've got in tears, frankly i find that absolutely pathetic what is our country coming to -- >> i think you are hitting a good basis on this, i did not notice this at first when it came to protesters, is that these are people want redistribution of weather had a nice sign not necessarily even a