he invested in teva. that was the first time we have seen that stake disclose. you are wondering if he is betting on the turnaround or if there are other things drawing him in. >> no deal. qualcomm rejected broadcom's latest offer to buy the company for $82 a share saying "it materially undervalues the company." this is an ongoing saga. but is this the last chapter? is there more to be written? >> it depends on how firm the

teva is the stock of the hour. this french wine company is pushing shares higher after it reported earnings last week. the company is in the mix of a management reorganizing and is capitalizing on demand in china. what do the chinese like drinking of your stabler drinks? >> they are extending their repertoire. partnership. platform hasting more investment behind the brand. we are planning to grow our premium brands. all to double digits. shery: there is a new year holiday starting this week. what are you seeing? gilles: we are confident it will be a good year in china. to in the united states, you are having more trouble when it comes to absolut vodka. what are you doing to improve the situation? it to groom 4%, 5% in the last two years. 4%, 5% in the last two years. i think we are doing the right things. we are creating more units, more innovation. vonnie: is what happened a little while ago in the beer industry. cirac vodka is a competitor to yours. you have massive sales of a tequila brand right now. not only be

he invested in teva. that was the first time we have seen that stake disclose.f he is betting on the turnaround or if there are other things drawing him in. >> no deal. qualcomm rejected broadcom's latest offer to buy the company for $82 a share saying "it materially undervalues the company." this is an ongoing saga. but is this the last chapter? is there more to be written? >> it depends on how firm the last and final is. this is old-school negotiation. if you look at what qualcomm and broadcom are saying is qualcomm is interested in keeping its company together, licensing company together, and feels $82 a share is unequivocally low. broadcom on the other hand believes that this stock is trading at $65, earnings fell, 2019 will be very weak. this will be a long, drawnout process. qualcomm investors, take your money and run. ♪ ♪ nejra: you are watching "bloomberg best." i'm nejra cehic. this week, bloombergs david westin spoke with lloyd blankfein at the 10,000 small businesses summit in washington dc. they discussed the sudden return of volatility to financial

fourth quarter, one of the most watched investment firms, berkshire hathaway disclosing a new stake in tevahe pharmaceutical giant struggled in recent years with declining sales in its generics business, berkshire hathaway acquiring almost 19 million shares worth about 3$360 million at the end of the quarter. that stock jumped in after-hours trading yesterday. green light capital's david einhorn piling in with new holdings including brighthouse financial. the bet there 6$600 million at year-end and coincided with new picks in the retail space including kohl's, lowe's, michael kors, nordstrom. third point making some sizable moves with a 4$400 million stake in intercontinental exchange, the parent company of the nyse i should also note that these investments are from the end of december and may have changed since then >> interesting to see some of those stocks moving on these disclosures, specifically teva pharmaceuticals up 7%. this is an israeli biotech firm. >> if you look through buffett's and berkshire hathaway's filings, healthcare is not a common sengter that you tend to see in their

teva acknowledged 2018 will be difficulty. the shares well to $18.64 haynes gave earnings guidance for the year that disappointed analysts. profits during the period were inine with estimates but shares fell 11% to $19.57. profit and topped sales expectations. grub hub also said young brands a going to take 3% stake in the company and partner with it to offer del options across the country. grub hub shares up 27% today at $89.04. >>> the beauty products maker cody said strong deman for its newly acquired brands helped top wall street's the company said it is optimistic about the year ahead raising expectations saying it expects to post positive renue growth in the second half of 18. shares climbed t14% $19.96 after the bell the insurance giant aig missed expectations as tax changes and capacityurt results. shares rose slightly in the extended session but did end the regular day down 3% at $58.28 also aer the bell the chip maker nfd reported earnings and re that easily topped forecasts. they also gave salesorasts for fiscal 201

buffettlion -- warren has given confidence to teva pharmaceuticals.has been hurt by the recent slow in u.s. generic prices. that is the latest bloomberg business flash. mark: still ahead, a bloomberg exclusive. henry joins us next. this is bloomberg. ♪ vonnie: that was reporting from by bloomberg. i vonnie quinn. mark: in london, i am mark barton. this is "bloomberg markets." vonnie: the south african rand is stronger by .8%. the south african chief justice just confirmed sarah bosa as the president of south africa in cape town after parliament officially elected him as president. we got word yesterday that former president zuma stepped down under extreme pressure from parliament to do so. we will speak to the ceo of nedbank a little bit later on. investors around the world are waking up to the prospect of and interestion rates. jason kelly joins us for a look inside one macro playbook. jason: i am here with henry mcvey. it is a very interesting world out there right now. it is nice to be with you. volatility, you can't get away from it. how does this

. >> he is adjusting towards teva as well. >> that was the first time we have seen that stake disclosese wondering if betting on his turnaround or there are other things drawing him in. deal, qualcomm rejected broadcom's latest offer to buy the company for $82 a share saying "it materially undervalues the company." depends on how firm the last and final is. this is old-school negotiation. if you look at what qualcomm and broadcom are saying is that it is interested in keeping its business together and feels $82 a share is unequivocally low. broadcom on the other hand believes this stock is trading week, this will be a long, drawnout process. qualcomm investors, take your money and run. ♪ ♪ you are watching "bloomberg best." david westin spoke with lloyd andkfein in washington dc discussed the sudden return of volatility to markets and what it has meant for the trading business. >> things are going to happen. there will be something that happens in the world here there will be a natural disa -- the world. there will be a natural disaster. something will happen that will cause the relati

but he is also putting cash to work increased his take stake in apple and took a new position in tevares today and tomorrow. >> back over to you. >> leslie, thank you very much. >>> teva again being -- >> it is a new name in the portfolio, one that's out of favor, very cheap. you are probably going to see that get a fresh look by a lot of people tomorrow >> meantime, the ibm stake is basically gone now >> yep he sort of said, my bad. >> yeah. >> and that's being back burnered or eliminated. >> i'm surprised they came out of that basically entirely it wasn't of one of those we are going to ride it out, they are throwing in the towel. >> the stockasn't ne hdo terribly. >> that does it for "closing bell." thank yo [ music playing ]

willem >> eunice, thank you very much we are also joined by asher bennett of teva motors i wanted to ask you, theresa may looking to promote brit inbusiness interests among other things during this trip. how on earth will a company like yours take on bigger firms when it comes to electric trucks, like the mitsubishis of this world? >> actually, if you look at it, if there's a country that needs green trucks, it's china, but it also needs trucks that can work for 9, 10, 12 hours a day. so we're a very good fit for china. i was at the recent ev100 conference in china. there's a lot of electric cars in china, electric buses, but very little going on with trucks that's because trucks operate in a different way than cars and than buses so you need different solutions. >> a firm like byd, they have first mover advantage over someone like yourselves. what is it about your product that makes you more attractive to chinese fleets? >> we are range extended besides a large lithium-ion battery that you charge at night, we have a small backup generator, this is a technology we brought over from t

position in ibm dropping 95% of its holding in the company in the pharmaceutical space, shares in tevahot up in extendedextend extended trading after berkshire announced it was holding nearly 19 million shares. appalossa management raised its stake in apple and one of its biggest moves was to raise its holing in t-mobile david ireinhorn's targets were under armour he reduced holdings in hp and has a stake in twitter third point fund bought 2 million shares of netflix. one of the hit hoes there playing along the share price, up almost 3% lobe had a return of 18% netflix stock is up about 40% so far this year. to talk about equities, i'm joined by my best here why do you think u.s. stocks went up yesterday after those inflation numbers? >> the reason inflation is up is because growth is up i think the market took its cue from that. >> fair enough the markets the last couple of weeks, a lot of ups, a lot of downs, a lot of volatility, was that something waiting to happen because of the low rates we've seen an low volatility over the last year or so? >> clearly it was a matter of time the

do you have any hopes, strategies to introduce teva into amazon? would be the last thing from my mind i never talk about them. >> you have no idea why berkshire bought it? >> no. no >> okay. >> they'll sell it without telling me >> all right warren, we're going to leave it there right now but we will have much more from warren buffet coming up after this quick break. >>> plus, samsung unveiling the latest version of its flagship smartphone we have the details straight ahead. stay tuned, you are watching "sawbo rhteronnbquk x"ig he cc. who's the new guy? they call him the whisperer. the whisperer? why do they call him the whisperer? he talks to planes. he talks to planes. watch this. hey watson, what's avionics telling you? maintenance records and performance data suggest replacing capacitor c4. not bad. what's with the coffee maker? sorry. we are not on speaking terms. what's with the coffee maker? well, it'sonce again.eason >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there,

. >> you know what warren buffett invested in in teva. >> i regard teva as being a second rate generic company that's trying to be better run i was trying to get the high end develop a thesis among buffett, jamie dimon and jeff bezos putting together the coalition so important that's a coalition that rely on generics to bring down pricing i don't think the tie-in necessarily fits but it's amazing warren buffett goes with what i regard the worst of the worst. reopen that file maybe they have more than we thought because buffett does not approach any large by lightly. >> no, he doesn't. they have gone through years of difficulty. >> years. >> management changes galore credit rating down, grades terrible source of sales of allergan -- i should say the purchase of the generics business from allergan none has gone right for a long time. >> absolutely nothing. >> an important component of the israeli economy and employment, cut a lot of jobs in that country. all right, maybe it's turning a little. >> those are the two buys and they are resonating in the market today our interview with cisco,

endo pharma and teva getting a boost from securities which says the threat from nonprofit generic drug manufacturers saying they're going to do their own generics is overdone the stocks today getting a little bit of a bounce but lots of things going on in health care, jon, that are just related to this sort of momentum trade to the down side >> let's bring in the head of internet research. good morning to both of you. i look at these big tech names i know you don't cover apple apple is trading at around october levels right now facebook just saw these current levels i think about two weeks ago. amazon doesn't seem to have been much affected at all by the market moves now normally with volatility you'd expect some of the, i don't know, richer valuations perhaps to feel it first what is your sense of what is going on say with amazon and facebook >> thanks, jon i think what we have is we have the advantage of having these companies just reporting q-4 earnings just last week. and by and large, what those numbers show you is that demand fundamentals remain extremely strong, particularly for

more worried if we had thousands of russians, you know, here with the russian flags out like the an teva people. we had people that are illegal with rallies with the mexican flags. that's kind of a threat to the american flag and they burned down buildings and throw rocks with people with american flags. if we had thousands and thousands of russians in our streets with the russian flags, you know, throwing rocks at, you know, republicans, i would be worried, you know, that they were trying to take our jobs and, you know, if they wanted to stay here lylely and try to take over the democratic party like mexico's doing. it's the same thing. i'm not too worried about 13 russians. it sounds like they want to go to a trump rally. i don't think russia manipulated any americans. americans are going to feel the way they do if people call it nationalism. you can be a person of color and like they're included. that's where the divide comes. i have nothing against mexican people. they're nismse i have a lot of mexican friends. but my mexican friends are legal and they would never stand out and try t

warren buffett has given a vote of confidence to teva pharmaceuticals.kshire hathaway invested $350 million in one of the world biggest generic drugmakers. has been her by the recent slump in u.s. generic prices. hedge fund billionaire ray dalio has amassed an $18 billion bet against the biggest companies in europe. conditions on the continent of your to meet his requirements for selling stocks. a strong economy, close to full employment at rising interest rates. ,mong the companies, siemens airbus and vivendi. alix: the 10 year yield continuing to march to 3%. the equity market route brought into question at what point do the yields impact equities negatively. >> i think really the reappraisal of value in the stock market has mostly been led by sections of inflation. i don't think we've seen the top yet. >> the 10 year at 3% makes sense here. it is a lot better than six months ago. i'm comfortable having exposure to the bond market at these levels. >> 3% right now is looking at quite a threshold. >> i think in the interim, the prospect for and overshoot

because of deceptive marketing some of those state lawsuits have been targeting manufacturers including tevan as well as distributors sessions saying today he's starting a new task force to examine these existing state and local government lawsuits against manufacturers and distributors to determine if they can be of assistance. saying that this crisis has cost the federal government more than $4 billion for the medicare prescription drug program alone in 2016. so they're taking a closer look at these lawsuits here, guys and of course, these companies have all said they disagree with these claims in the lawsuits we'll bring you more news. >> thank you very much big important story there. >> here's what's coming up on "power lunch." comcast challenging 21st century fox's offer to by sky of the uk. will there be a bidding war? >>> watch out, airlines are looking to boost profits by reconfiguring planes with new seats and cabin class, including one where you sit exclusively in the lavatory the last part is not true, but the rest is. >> and the number one retail analyst on the street will join u

best weekly gain in nearly three and a half years now cisco systems rallying on its earnings beat, teva pharma soaring on news warren buffett's berkshire hathaway is going to take a stake there and trip advisor is higher. the company be buy back stock and gave an upbeat forecast. and for more on these markets, let's go down to the new york stock exchange bertha coombs is here today standing by. >> the dow trading above 25,000, the s&p above 2700 the nasdaq recovered three quarters of the losses trading above 7200 the five-day winning streak is putting these indices on pace for their best weekly gains in forever. take a look at the mass in dnasq it's up over 4.5%, that's the best weekly gain since back in october of 2014. that's a huge recovery considering where we were last week it's been those megacap tech names which weighed us down, fell into direction down more than 10% from their all time highs and have made a really great rooefr look at apple up 14% low of that low of $150 a share. back with 5% of its all time high amazon within 3% of the all time high near $1500. up 15% from the

and bec, we'll check back in with you before you day gets busy we'll talk airlines, health care and tevah buffett today see you soon. >> all right, see you soon >>> well, buffett also commented on recent market volatility. take a listen. >> well, if you own stocks like you own a farm or apartment house, you don't get a quote on those every day or every week. you look at the business and the value of american business depends on how much it delivers in cash to its owners between now and judgment day i don't think it quhachanges to% over a two-month period if you look at it as a business now, you've got -- anything can happen in markets. anything can happen in markets that's why i say don't ever borrow money against securities. the markets don't have to open tomorrow i mean, you can have extraordinary events >> for more on the markets we are joined by bill smeed and we were chatting before the segment. you were concerned about the lack of market leadership or the quality of market leadership since we concentrated on the heavy hedge fund holding at this point. and they are the outperformers

warren buffett giving confidence in table up pharmaceuticals -- teva pharmaceuticals.nt. hedge fund billionaire rate dalia of bridgewater associates has amassed against the biggest companies in europe. they appear to meet requirements for selling stock. a strong economy and rising interest rates. airbus.e companies, nestle posted full-year sales that rose at the slowest pace in more than two decades. revenue was up 2.4%. the food company was aiming for a increase this year. l'oreal could be setting the stage for divestment. we talk to the ceo. >> we indicated last year that we are interested in portfolio adjustment, most notably with small to midsize companies. we did not rule out larger deals by the sweet spot was going to be smaller and midsize. this is exactly how it played out. we did several transactions in the second half of the year. 2018, we have announced one transaction, of a company in south america. the pattern is the same, trending toward nutrition-health, wellness strategy. lighter foods, super foods. welook at the same thing, are not ruling out larger, m

revenue came in above forecast teva shares on the quarterly coming up, block rocks global fixed incomek reider will discuss the ten year treasuries hitting a four-year high we'll talk the fed and much more a little steam coming out of the market, still set to open broadly in the green "squawk box" will be right back. . >>> breaking economic news a. key read on inflation. the market moving number just 30 minutes away >> a "squawk box" news maker the yield story a huge part of recent market swings we'll get guidance from a man with trillionsof dollars on th line block rock's rick rieder >> highlights from the olympic games coming up. as the final hour of "squawk box" begins right now. [ music playing >> announcer: live from the most powerful city in the world, new york this is "squawk box. >> good morning, welcome back to "squawk box" here on cnbc live from the nasdaq market site and "squawk box" scare our guest host this hour rick rieder, black rock's global chief investment officer black rock and blackstone are so competitive. we just the had steve schwarzman on he just showed up. i'm