the offer valued syngenta at $42 billion. syngenta rejected that offer saying, it is too low.wo companies are still in talks and we could see an agreement in a matter of weeks. that stock is gaining off the back of that. rising. is third quarter earnings climbed as the company cut cost at its phone and contracting operations. his priority remains a return to growth in 2016. rolls-royce is down for a second day. stock of, we saw the battered. of as ato be thought british industrial success story. that stock is down for a second day. yesterday, it fell the most since 1988. we have a decline of 3% today, which is nothing compared to the drop of 22% yesterday. manus: thank you very much. let's turn our attention to the global world glut. markets expanded by more than three times of the original forecast. opec says they are at the highest levels in ten years. it does not make for good reading in terms of where we are in optimism. >> oil has been out of whack for a long time now. they have been close to a record high for a long time now. what is happening here is the market is getti

syngenta talking to dupont about mergers. with a slowing farming community and business that's a way to drive revenues in the future. >> but we're reading a little too much into those comments because he didn't actually confirm that they're mulling over their syngenta bid. all he said is we're talking to everyo everyone. that's what we heard over the last couple of weeks. syngenta has been quite about all of this. they're at the heart of the m&a speculation. >> it was more absolutely everything is possibly on the table than specifically this is what we're looking at right now but although clearly there's a big move in the share price today to the tune of 3% but look at the price there. 385. the last bid was at 470 which was rejected as being too low so clearly a successful one would have to be 470. we're still a long way from even 470. so the markets reacted positively but we're still a long way from that level. >> the consolidation trend we're getting. don't forget chem china also made a bid as well. and the largest company,

he says syngenta is fine by itself. in trade after the company announces it is shutting plans as it shifts it's focus to specialty drugs. >> it's effecting roughly 1200 jobs and will lead to restructuring costs of 1.6 billion u.s. swiss franks through 2021. >> still to come right here on worldwide exchange, when it comes to start ups in europe there's no shortage but what are conditions like for entrepreneurs looking to raise money and expand. we'll have more facts on friday 13th coming up of course too. ♪ today, we're seeing new technologies make healthcare more personal with patient-centric, digital innovations; from self-monitoring devices that can interpret personal data and enable targeted care, to cloud platforms that invite providers to collaborate with the patients they serve. that's why over 90% of the top 25 global pharmaceutical companies are turning to cognizant. our domain experts, technologists, digital and data specialists, clinicians and scientists are transforming the way clinical research sites collabo

anna: syngenta has a new suitor. more on what would be china's biggest ever european acquisition in this exclusive. guy: welcome to "countdown." it is just now 6:00 you're in london. commodities are in focus. guy: a lot of macro news coming through. the demand story seems to be freaking everyone out. this is the bloomberg commodity index. this is a long-term chart. this is a widely followed chart. that is 9099, that is where we are now. -- 1999, that is where we are now. let me bring that up for you. it really has been a story in which commodities have continued to fall. that is the last month. you can see progress has been in one direction. anna: opec just said that global infantry service is at the highest in a decade. copper, near six-year lows as well. guy: it is not a supply story. this is the fear about demand. it is a different story. anna: oil prices are down to their lowest since august. guy: the commodity story ripping through the asian market. julia: not so happy friday here in asia. that commodities slump

chem china is in talks to buy the pesticide maker syngenta. , syngenta giving some of it back.ra: absolutely. the shares have risen 11.3% on the news that chem china and syngenta are in talks for a deal. the offer from chem china for share,a was 449 francs a valuing the company at $42 billion. syngenta has rejected this offer saying it is too low and cited regulatory risks. earlier this year, it rejected a $47 billion offer from monsanto. the question is how high is chem china going to have to go to seal this deal? we're told the companies are still in talks. we could see an agreement within a matter of weeks. manus: thank you very much. syngentatest deal in with china. chinese banks -- troubled loans billion, more than the entire gdp of sweden. let's cross to beijing and our bureau chief. this is almost like day two in the sort of the tragedy that is china. yesterday was about the known data. today it is about bad loans. nick: that's right. the issue here is that it is not so much that the banks are in trouble. these are massive banks. some of the biggest in the world, state-o

syngenta's leadership said during the summer that monsanto's bid "under-valued" syngenta. the spread b bween diary qualitithay and lower quality hay is reaching a weide gap. and price seems to match it according to university of wisconsin research, that "spread" between the top and bottom of the market will probably 'stay' wide until 2016. dan undersander -who is a forages professor at the university of wisconsin -says

fory: acquisition talk switzerland's syngenta is back in play, this time from china.e details next. ♪ mark: will come back to bloomberg markets. this is the european close. betty: i'm betty liu in new york. mark: let's get to did a developing story right now. 10eloping as we speak, deutsche bank traders are being minute -- charge with manipulating. we just learned and 11 straighter may be charged as early as next week. it is the latest development in the global investigation into interest rate benchmark braking. here with more is suzy ring. well, suzy. first and foremost, who has been charged? we havee names -- seen these charges, once. mark:, has a thing going on? it has been going on since 2012 and globally since 2008. we are now eight years down the line. one? it goes to trial charges from at couple years ago, it usually takes a couple of years especially since these are based overseas. mark: what does it mean for the front office? suzy: they say there are more charges to come. they have two conviction so far and they're looking to get more. mark: thank you for joi

they are the market leader maybe they'll have to merge but not syngenta. the fact of the matter is that farm incomes are set to drop some 36% this year according to the usda. there's a lot of pressure in farmers and someone will have to tie up with each other. >> so maybe it goes back to him quitting and the new guy coming in whether or not they can with stand the pressure that always increases after you have these bids coming through and these are solid numbers coming through as well as we were saying here in the last hour. the initial bids from memory. just the initial past 4 or 5 ones. 42 dollars per share. i think one came in give or take a bit. but i'll make the point again as i was making last hour that i think some of this could have to do with protectionism. the analysts were saying let's stick to the numbers but it's an important company and has to do with people's livelihoods and it's pesticides and crops and things like that. the way europe thinks about it's food and growing food is still different to how they think about it in the u.s. and gmo

. >> in m&a news monsanto plants the seed for a new syngenta bid. shares trade sharply higher after the u.s. firm says it's still on the hunt for a takeover. >> all right. let's get to our top story this hour. the disturbing scenes on the streets of paris. the northern suburb of the city. a police operation is still underway in the french capital. more than five hours after it first started in the early morning hours. french police concerned there's still one terrorist left inside the apartment at the center of this raid. one woman in the flat has been killed. she killed herself at the beginning of the assault by blowing herself up. three men have been arrested from inside the part and reports are that one civilian who is passing by at the time of the operation has been injured as well. these are disturbing scenes that we're keeping a close eye on and they're after a high value target. the mastermind behind the attacks but there's still no confirmed reports whether she's one of the three arrested inside the apartment. whether he's still at large or

and syngenta remains a possibility. syngenta's previous c-e-o mike mack announced he would be stepping down in august, after the company rejected three takeover offers from monsanto. snow and cold weather isn't going to help feed yards with efficiency. that part of the industry still struggling under the weight of a falling cattle market. sterling marketing says feeders were experiencing an average per head loss of 518 dollars. the extreme losses already impacting feeder cattle prices in the cash market. october retail egg prices dropping 5 percent to 2-80 a dozen...that's down from the previous month's all time high of 2-96 in september. the number of laying hens now rising for the 3 straight months. the poultry industry lost 48 million birds to avian influenza in 2015...38 million of those were egg layers. a glut of global crude is helping to push fuel prices lower. diesel prices are now 32 percent lower than theyey were a year ago...averaging 2-48 a gallon. analysts say now may be a good time to lock in these lower p

. >> shares in syngenta seeing green on reports that the swiss agribusiness is in talks over a potential tie up with it's u.s. peer dupont. >> rihanna takes a bow after they credit the grammy award winning singer with a spike in women's sales. >> happy friday. welcome to the program. thank you for joining us on worldwide exchange today. we're getting into the show. that's a good idea. >> everyone should hire her. >> we should all get some rihanna on the program. we're taking a look at the wall street session. trading ahead of the jobs report. that's expected later on today. right now the implied open is telling us we're trading below fair value when it comes to the s&p 500. maybe down by a point or so. it looks like we're flat out of the gate and the nasdaq pricing in small gains of maybe 1 point or so. u.s. employers expected to have added 183,000 jobs in the month of october. analysts are also anticipating upward revisions to the previous months which was quite disappointing. don't forget. ahead of that we of course got the payrolls report. is it the data or the date that will determin

. >> syngenta rejected an initial bid from chemchina. it is based in beijing. talks continue with talks with other bidders. this comes after syngenta rejected a bid from monsanto a couple of times and comes after last week. dow jones reporting dupont is in potential talks with the agricultural player. we are looking at syngenta shares higher by % after hours. >> i think you were in the stock seven years ago? >> exactly. a long time ago when agriculture and commodities were hot. not so hot right now with the exception of something like orange juice. you're looking at yields in this space. i think you start to see these type of deals. i don't know if you can buy them monsanto off it. i think it's a one off for this company. >>> john malone has a bone to pick with bob iger. it has to do with the two most hated words in media, cord cutting. comments you've got to hear after the break. >> cisco shares falling on soft guidance. conference call under way. we'll hear from the ceo on what drove the quarter. >>> while everyone is worried about the sell-off in retail stoc

market after they miss forecasts and warns of a challenging second half of the year. >> shares in syngentag green on reports of the swiss agribusiness is in talks over a potential tie up with dupont. >> disney's force awangs as cable delivers better than expected returns. the ceo tells cnbc hopes are pinned on another blockbuster franchise. >> on the eve of what's our first star wars movie we're feeling good about the year ahead. particularly lead by the studio and no guidance for the year. >> and is it the data or the date that will term a rate hike? the latest u.s. jobs report is set to add more clues to the timing of a fed move. >> got a little bit of u.k. day to bring you. u.k. september industrial production fell 0.2% on the month. it was up 1.1% on the year and that looks to be a little bit worse than forecasted because forecast was calling for a 0.1% decline month on month and 1.3% increase year on year but the september manufacturing output that was a little bit stronger than forecast. it seems. so mixed data, sterling dollar is at a one month low and it was ahead of that data and

syngenta, in particular up 5%.more on "bloomberg markets." ♪ >> we are moments away from the closing bell. >> u.s. stocks closing mixed joe: the question is, what did you miss? disney earnings out in minutes. the they will tell us about media business. >> and the ripple effects of quantitative easing. >> we begin with the markets. not a lot to get excited about. everyone is paying attention to the jobs report. no one wants to get ahead of it. people say it tilts more towards the summer. conviction o

syngenta rejected a $47 billion offer from monsanto back in august.ther stocks to watch this morning. finally, air france. we have been talking about the police operation in p aris increasing tensions in the city after those awful attacks over the weekend. two air france flights, bound for paris from the u.s., were diverted. there was a bomb scare. air france is another stock to watch, as well as other airlines that were hit hard on monday after those attacks on the weekend. anna: thank you very much. guy: let's talk about the other big stories, this strengthening of the dollar. u.s. tightening is a big deal for investors, who are expecting a rate hike in december. that tension now goes beyond that. we have the fed minutes coming up. what will the path of tightening ultimately look like, and will they signal that, and how accurately will it be received? futures indicates that the funds rate will reach around 0.7% by december, 2016. it is a bit vague. anna: let's bring in the cio at investment management. good to see you. in minutes today will focus pe

monsanto considering whether to make another bid for syngenta.yngenta rejected an offer valued at 47 billion dollars and is in talks to the acquired by china national chemical. printing? francine: thank you. the aftermath of europe's worst bloodshed in a decade, rebuilding and relationship with russia has been a part of the west's response to the widening reach of islamic state. what could be the new bond between russia and france and what could that mean for the approach to the war in syria? let's bring in bloomberg's executive editor for international government. also with us is jane foley of rabobank. we are trying to figure out if this is a real rapprochement or if it is more style over substance. characterize it as a marriage of convenience. russia and the west are never going to be 100 percent allies, especially with everything in ukraine. you are seeing a realignment of interests similar to what we saw in the aftermath of 9/11. russia and the west realized that they do have their differences but when it comes to terrorism and islamic extre

syngenta up 2.6%. -- predator rather than pray. left.ief executive has on the back of that, we could see it become a buyer. it buyer of dupont's chemicals. liking weals, many could see consolidation in the agricultural chemicals market. richemont down 7%. jewelry, asia-pacific. 70% decline in the last first half of the year. in october, even more challenging. ines down 6% for richemont october. it will be challenging and asia-pacific. jonathan: ftse 100 in the green. we are in the red across most of europe. early days. we'll dig into their earnings later. is going to happen in today's program. first up, it is u.s. jobs day. investors down the middle on a hike in december. could a october report make or break a list off? expect a 2016 rate hike. we bring you bloomberg's exclusive interview. germany falters. a surprising drop in production. as the slowdown in china leaves its mark. ♪ it is a job stay in the usa cityet and sleepy new york . some call it the most important number in the world. some tickets to far and call it the most i

moving on to syngenta, this company we were told by people familiar projected a $42 billion bid by chinaous to that it had rejected a $47 billion bid from onset of. but now we are hearing that month said that was having internal discussions on the merit of a new author -- offer. glencore, 10 days of losses a record losing streak for this stock. haves for copper and zinc reached six-year lows. $8 losses today, white about billion off of their companies's value. he focused now it's on this 10 billion dollar debt cutting plan. the pressure is back on to try those efforts harder and faster. jonathan: thank you very much. transparency, the chairman of , a nonexecutive director at the glencore. let's talk about the company. a ten-day losing streak, the longest losing streak on record. what is it mean for the debt cutting plan? do they need to be even more aggressive? heren-house expert is alongside john mayer of sp. great to have you with us both. i want to get a grip on this, the equity price move, how does that spell across to the balance sheet? spillovere actual from an equity price that ge

monsanto says they are considering whether to make another attempt to acquire syngenta after china nationall made it did for the world pulse's largest pesticide maker. the chief operating officer told reporters the merits of making another offer. what happens to uber drivers when cars drive themselves? the company''s chief says huber would help them learn other jobs. it said huber will provide educational and vocational training and huber would work well out of the transition to autonomous cars. always get more business news at bloomberg.com. the stocks lose ground and commodities continue their slump. metals falling to multiyear lows today. julie hyman has a look at that and more in today's report. julie: yes. metal in particular, you suggest what is going on in the metal market. also seeing and excellent today when you look pretty much across the board. gold is trading lower all of this partially tied to the strengthening dollar we have seen. commodities tend to trade in the opposite direction. around itsding lowest in five years and copper is seeing a similar judge or -- trajectory. down

in deal news, syngenta is talking to dupont's agriculture division.is because of the decline in commodity prices, and alibaba is acquiring youku in cash. alibaba's bid was made public in mid-october. separately, new sales forecast for wednesday's single's day holiday in china looking good 56% of users plan to spend more on single's day this year than last year. average shoppers spend $277 on the holiday. those numbers could put alibaba on track for $10 billion in sales in a 24 hour period. >> disney reports mixed results yesterday on closing bell, and bob said the tv business is alive and well. >> we feel really bullish about our television businesses and in particular, espn, and looking back on the quarter, if we could do it over, we would not. we want to be candid about what we were seeing. the fact remains the guidance we revised then, remains today, and esnn's future given the away of great programming they have and demand i mentioned out there in the market place for it remains very bright. >> thank you, thank you, bob. [ laughter ] joining us no

syngenta, the giant within pesticides, has been rising through the session today. financial times is reporting they've rebuffered the offer from the chinese as being insufficient. there's a lot of chatter that's still monsanto might come back or other players like dow chemical. for the moment, back to you. >> thank you very much, simon hobbs. we are live on the ground in paris with the latest there waiting for the french prosecutors to hold a news conference at 1:00 p.m. eastern time. dow close to session highs. up 126. the s&p up almost 15. we're back in a moment. being a keen observer of the world has gotten you far, but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> good morning. i'm sue herrera, and here is your cnbc news update this hou

dupont according to reports is in two separate talks with syngenta and dow chemical about a potentialultural deal. this has gained steam after no santa abandoned its effort to go after syngenta. >> we're getting ready for those earnings reports including from disney and you will hear exclusively from bob iger. i'm sure he will talk about the new "star wars" movie set to open next month. we are going out with a decline of about 1 point on the dow. stay tuned for the disney earnings, we have 3 m ringing the bell at the new york stock exchange and the ceo of stellar biotech nolgs at the nasdaq. here comes the second hour of the "closing bell" with kelly evans and company. see you tomorrow. >>> thank you, bill. welcome to "closing bell," everybody, i'm kelly evans. here is how we're finishing up the day on wall street. the dow looks like it couldn't quite stay in the green, going out a with a slight decline of 2 points, same thing with the s&p 500 the nasdaq gave up 15 points, the s&p closed right on the dial at 2100, the nasdaq closing at 5127 and now investors are bracing for a barrage

. >> reporter: pesticide manufacturers like bayer and syngenta have launched campaigns of their own to bolster bee health. both companies are planting millions of flowers in the u.s. to increase bee forage. and in 2014, bayer crop science opened this $2 million bee care center in north carolina where it conducts workshops and tours environmentalists say these initiatives are a diversion from the real problem, the pesticides these companies manufacture, something fischer rejects. >> bayer has been in the business of providing products to beekeepers for more than twenty years. it's not something we just started doing. >> reporter: beekeepers in europe came out in force a few years ago in support of the european union's partial ban on the use of some neonics and here in the u.s. the environmental protection agency says it will speed up a safety review and likely not allow any new uses of the pesticide. environmental groups are locked in several court battles with the e.p.a. over the registration of the pesticides. manufacturers maintain neonics are vital for increasing crop production and

now we have got monsanto with the close yesterday saying we are considering another bid for syngenta.res higher. i want to show the euro rising against the dollar for the first time in four days. interesting to note from ubs, it says any further losses are set to be limited, even if the ecb and the fed act next month, the euro could go to parody but within a year, probably will rise to one dollar. we shall see. betty: maybe parity is the bottom for the euro. thank you, mark barton in london . for a look at what is happening in the u.s. markets, abigail doolittle has the latest live from the nasdaq. we are coming off the highs of the session. abigail: stocks are still higher , up about .5%. one stock trading significantly higher is a semiconductor after -- said it would buy the company for two point $4 billion in cash. this represent a 12% premium to yesterday's close and it creates a leader. for them asrd year these companies come together to fight soaring prices and shrinking customers. a great three months for fairchild semiconductor. the shares are up about 37% over that time. turn

syngenta had been an acquisition target of monsanto. >> futures are indicated higher this morning. this comes of fractional gains yesterday for stocks. the dow futures up by 41 points. s&p futures up by 4.5. earlier in the day you didn't see a lot of jitters in the stock market after turkey downed that russian jet and created a lot of concerns but the markets did end fractionally higher. let's look at what's happening with the early trade this morning in europe. it looks like stocks are higher there as well. remember these major averages at least this time yesterday were down by about 2%. this morning the dax is up by 1.5%. same story with the cac in france. the ftse 100 is up by .9%. you saw the nikkei was down by .4%. shanghai stocks up. oil was the big story yesterday. crude oil had the best day in three weeks. up by 2.7%. settled just under $43. today giving back some of the gains. down by 1.25%. but this was the big story yesterday and why stocks ended higher. in the bond market you'll see at this point the yield is at 2.225%. so still below 2.3%. the dollar at this point look

aso be a many are reporting in the press that dow chemicals could be eyeing dupont as well, but syngentaa competitor, rather than prey. astrazeneca, meanwhile, splashing the cash buying zs pharma. this is a big premium, this is foret new drug treatments high potassium level illnesses that can cause chronic kidney disease. these drugs could be best in class being produced by zs pharma. anna: caroline, thank you. in the world of data, there was only one thing we are watching today -- the u.s. jobs report. let's bring in jamie murray, welcome back. only numberthat the that matters? jamie: it is one of the key data points. payrolls are extremely volatile, it would be kind of foolish to set policy based only on a volatile indicator. i think the fed is looking at broader indicators, they probably have an eye on participation rate. it is not just that, but if you get a week number -- weak number . anna: how weak would it have to be to make december unlikely? actually, they fed is not hanging on every single month, what they are looking at is the broad picture, month to month of job creation. is

microsemi raise its offer again and month was thinking again about running at syngenta.tuations driving these mergers or is there a larger pattern? margie: i think it is back to slow growth. how do you raise earnings? the cost of money is cheap so it's easy to borrow. companies have a lot of cash so often times they don't need to borrow. it says it is a way they can be -- do more because the market has been for me towards families that have done acquisitions. all the reasons come together. i think you are companies would want to sell in this environment. valuations are high and there are questions that continued to be raised about whether or not we are in some kind of deke -- peak. why would somebody want to buy? martin: we've seen two very big deals. andby santa cruz in brazil buying of sab miller at a very reduced level. the emerging market outlook at the moment. it's been great buys for these two businesses. i think it's the wrong time to sell if they don't really want to sell a stake in as av miller. -- sab miller. it's difficult to find the next sab miller. but it's