tiffany. marriage made in heaven. standing by. what's the what's the tell us about the state's. history. i think the luxury because industry is suffering along with a lot of other industries from the waning world economy and from all that uncertainty that is out there and that shows in the numbers tiffany's for example recording less spending by chinese tourists visiting new york city also many stores that i know here in frankfurt that sell luxury brands we also have a tiffany in frankfurt here for example there are also heavily depended on spending by foreign tourists. a marriage made in heaven i don't know usually a marriage you can only determine that once it's been there a few years it's certainly a marriage of necessity if you look at tiffany's fate within the past few years and i think i know the head of. the h. will depend on his business acura men to bring the brand up to speed he's known for toughness is known for unsentimentally slashing jobs might be tough for those tiffany people i've been in the tiffany store myself in new york he won't want to touch that it really

jeweler tiffany the takeover is a win for both companies many analysts say tiffany has been trailing rivals in sales growth in recent years and made hopes to deal the deal will boost its presence in the united states the mh is owned by francis richest man on the its fashion division includes prestigious brands like louis tall christiane the oh and cancel its watches and jewelry section comprises buggery and tag hoyer is also represented in wines and spirits by way sean draw and is also active in the hotel business the $16200000000.00 deal will be mages biggest acquisition to date. a luxury brand as american as skyscrapers now to be taken over by l b m h a luxury group so european that most people have trouble pronouncing its full name u.s. jeweler tiffany is one of america's few luxury brands it's a bit old fashion and is looking to gain some credibility with a new generation of customers. paris based l d and h. believes it is just the owner to manage the transformation it owns a portfolio of $75.00 fashion houses and upmarket brands it tightly controlled the image and distribution o

jeweler tiffany and let's call the acquisition a win for both companies tiffany has been trailing rivals in sales growth in recent years and l.v. and h. hopes the deal will boost its presence in the united states. has owned by france's richest man bernard know as fashion division includes prestigious brands such as lou of its hon chris young's your and kenzo well garri and have hoyer are among the biggest names in this watch and jory segment. is also represented wines and spirits but won't buy a moet and chandon and it's also active in the hotel business the 14700000000 euro deal will be l.v. and his biggest acquisition to date a luxury brand as american is skyscrapers now to be taken over by l b m h a luxury group so european that most people have trouble pronouncing its full name u.s. jeweler tiffany is one of america's few luxury brands it's a bit old fashion and is looking to gain some credibility with a new generation of customers paris based l d and h. believes it is just the owner to manage the transformation it owns a portfolio of 75 fashion houses and upmarket brands it tightly

jeweler tiffany analysts call the deal win for both companies tiffany has been trailing rivals in sales growth for years and age hopes the deal will boost its presence in the united states the 14700000000 euro deal will be l v m h s biggest acquisition to date a luxury brand as american as skyscrapers now to be taken over by l d m h a luxury group so european that most people have trouble pronouncing its full name u.s. jeweler tiffany is one of america's few luxury brands it's a bit old fashion and is looking to gain some credibility with a new generation of customers paris based l d m h believes it is just the owner to manage the transformation it owns a portfolio of $75.00 fashion houses and market brands it tightly controls the image and distribution of a range of products to keep them profitable and aspirational now the mh had revenues of nearly 47000000000 euros last year most of it from its leather in fashion division with brands like louis vitol and the your it's luxury department store holdings are nearly as big tiffany will fit into its watches and jewelry division currently on

tiffany -- lvmh buys then a lot less -- buys tiffany for a lot less than some analysts were expecting. and uber in london loses its license. we will have the details. we are counting you down to the european close here on "bloomberg markets." ♪ romaine: let's get a quick check on the u.s. market. gains really starting to pick up now as we move deeper into the day. the s&p 500 trading well above the closing hi that it had on november 18, setting us up for the 12th record high of the year on the s&p 500. -- similar story playing out a similar story playing out in the small caps. is all small caps driving the rally here. the big caps still in play, but remember, we had that medicines deal with novartis, pushing biotech companies higher. seeingsame time, we are the semiconductor type companies lift the small-cap indexes. you can dig a look at the dollar, fluctuating between , ans and losses, but overall fifth day of gains in the dollar. this will take us back to another streak we saw earlier in the month. all that talk about the dollar weakening doesn't appear to be what's happening. even

annmarie: lvmh and tiffany's, bernard arnault is having breakfast at tiffany's.6% inp more premarket, and lvmh higher in european trading since they inked the deal. the bidding started at 100 20 and they got to 135, the biggest deal in the luxury space. lvmh is getting a portfolio of jewelry. tenddoes cosmetic clothing, but not so much jewelry. with tiffany's, they can unseat richemont. medicines this morning after novartis in europe, also buying them for $6.8 billion. 22%, a 45% up premium since before bloomberg news reported the two were in talks. what novartis is really getting for medicine is the cholesterol drug. in 2019, medicine tripled in their stock value because of the excitement about this cholesterol drug and that is what novartis is blanket -- banking on with this deal. francine: to the first word news in new york city with viviana hurtado. raising punishments for those who steal ip carried beijing is looking to lower the threshold. china wants to make it easier for victims of ip theft to receive compensation. these moves, an attempt to address a key

why is it by tiffany?about the american consumer but also the asian consumer. >> if you know one thing about this chairman, he likes to be number one in every sector he is in. this deal puts him in a connect with the current number one. he wants to expand in jewelry. anna: what is the strategy of lvmh for tiffany going forward? will they do something different? lvmh has a market cap of $200 million. it is a mega company. they can invest in marketing and expand in markets like asia, china where demand is growing. toa: we have a lot of m&a talk about this morning including novartis. novartis is acquiring a cholesterol company. >> this is a big bet on one very promising drug. the idea is he is not purchasing a portfolio of drugs. , thees a lot of potential ceo of novartis. if the trials go well, it could have blockbuster potential. anna: just looking at the share price, we wonder if novartis has overpaid. today, you don't always expect to see the acquiring go higher. >> it does seem like a hefty price, a 45%

ago, tiffany.is also up. thank you, guys. well done. up over 5% on that $135. what are they talking about? what are they getting that deal done any trust is potentially going to be a bit of an issue on ameritrade and so we'll see how long it takes for them to get that deal done we mentioned the medicines company, the large premium there, 85, market already knew novartis was showing up with what conceivably was going to be a fairly significant deal. nonetheless, it surprises investors and so that stock is also up sharply. and we also talked about ebay and stub hub, looking at ebay shares, see if they're benefitting from that $4 billion deal to sell stub hub. >> how about the fact that so many acquiring stocks are going up that bodes very well for the remainder of the year or -- >> i think we might, you know, people seem to be working. couple more announcements before the end of the year. >> anything big in banking you're hearing >> no. >> i'm here. >> can we talk after give me a little bit of a sens

why not anybody else what is it that lvmh sees in tiffany and why is tiffany so apt to be with lvmh.. there's a lot to unpack there. let's begin with the man who is behind lvmh, europe's richest man, aka the wolf in cashmere. he has been looking for acquisition targets the past few years, he bought ramoa, bell mon the hospitality and now he has his hands on tiffany the opportunity for tiffany is specific with the jewelry, hard jewelry category lvmh portfolio is not as big so on the big picture, that's the reason why then there is what's the opportunity with tiffany itself. what lvmh is really good at is elevating brand values what they try to do is basically ultra premiumize, ultra luxuryize the space and segment whatever they get ahold of now, according to many people i have spoken to, if you go into tiffany stores and some of the places around the world, some of that shine has come off the company. it's in need of a renovation it's already the midst of a turn around by a new management team when they made some changes to their board just two years ago under from an activist investo

is l b m h and tiffany a marriage that's made in heaven as. a man in frankfurt well 1st of all what does this kind of gigantic deal tell us about the state of the luxury goods industry as a whole well tells us that the luxury goods are also being affect the by the economic slowdown in the world especially in the case of luxury goods makers the economic slowdown in china because many luxury goods stores today depend to a good deal on a lot of chinese tourists with big wallets willing and able to spend in their stores i can see that here in frankfurt where we have a lot of luxury stores and you have a lot of business through tourism some stores say they couldn't survive without that kind of money and tiffany's also is feeling the pinch from chinese tourists in america spending less at their store there also online is competition for even the luxury goods makers and many people who want the brand but don't want to spend the money confined secondhand purchases online so a number of trouble areas there for tiffany's which makes make it an object fo

last high for tiffany was around 137. is a lot of to work be done >> why do you think the stock isn't anywhere near 140? >> i think they want to see lvmh not raised their bid another bidder hasn't come in. do you just have one party who is interested in they have the capital, the innovation tipny does not have a lot of insider ownership. it feels like the right buyer and now what's the right price i think the price moves higher than 120 >> is there another potential bidder that you can see on the horizon? >> there are other luxury good firms out there and private equity firms who like luxury brands i think the issue with tiffany, it requires a lot of capital it's going into a two to three year investment phase with the read modelling and renovations of flagship store. given the u.s. is a big part of their sales, we don't have a robust u.s. market and the pace of newness at tiffany is less than what it is for other luxury good companies it needs that injection of innovation which lvmh can do >> it important that tiffany is

to see tiffany for $16000000000.00 u.s. dollars bling bling match made in heaven. south africa's credit amendment bill mc to solve the country's credit crisis providing personal debt relief on a large scale would drive millions of people into the arms of a loan shark. business business africa as well come against a backdrop of growing african interest a medical cultivation to supply a booming global market the global cannabis trade fair can attack kicked off in cape town on sunday hundreds of researchers and businesses tending the fed to discuss therapies cultivation methods and profit outlook africa could become one of the biggest growers in the global market for legal cannabis. both countries in north america and europe taking a more liberal approach to the drug nations with the right growing climate know the potential for a booming market is high southern africa is leading the way in industrialised marianna production is ahead in acting reforms to enable exports of the drugs that are expected to start this year south africa. also handed out their 1st licenses fo

tiffany ranks second, below richemont and ahead of lvmh.uld boost them to the number one spot and overtake richemont. this gives them access to the u.s. consumer, which of course has played a backseat. these luxury shoppers to the luxury shoppers in asia, but they recognize this is a key market. for tiffany, the stock was trading over $100 before lvmh's interest. this is a big premium for them. tiffany's has been struggling. two things really. one is how they resonate with millennials. when i was growing up, nothing more i wanted than that blue box wrapped up in a pretty white bow. is that still the same case now? they have been trying to revamp. they oversee buyers into the u.s.. they are not spending as much as it first quarter for tiffany, chinese tourists down 25%. lvmh has a strong footing in asia and they could accelerate tiffany's growth there. manus. manus: there you go. you want today tiffany's box with a bow and you end up working with me. what more could you ask for? annmarie hordern tracking the lvmh story. let's get to annabell

when asked if tiffany is losing its luster, lvmh finance chief says tiffany is about the concept of love and i don't think the concept of love is decreasing >> some french there his point is really the timelessness of tiffany. >> yeah. >> incredible brand. all they need to do, not all, because it's a tough sled, is to bring it to today's generation bring it to yaua younger, more global consumer. look, this is the reason why bernard is the sec richest man in the world he has gained more wealth this year, over $31 billion than michael dell's entire net worth. that tells you that the tear lvmh has been on is really successful a lot of that is about how well they ark straorchestrated china >> thanks. >>> a huge protest delayed the yale-harvard football game they wanted responsible investing. will this incident quicken the move to esg funds and divestment from certain types of stocks >>> uber's road plans hitting a block as london strips its licee. wh t me anfor uber, next on power lunch. >>> uber hitting a serious roadblock. london regulators stripping the ride sharing service license to ope

jewel that tiffany a many analysts regard the move as a win. both companies at tiffany's been trailing rivals in sales growth of the recent years and l v m h hopes the deal will boost its presence in the united states. is owned by france's richest man ben nod. its fashion division includes prestigious browns like to have the total christian deal and can zone on its watches and jewelry division comprises bulgari and tag hoyer. is also represented in wines and spirits by boeing and is also active in the hotel business the $16200000000.00 deal will be the biggest acquisition today a luxury brand as american as skyscrapers now to be taken over by l b m h a luxury group so european that most people have trouble pronouncing its full name u.s. jeweler tiffany is one of america's few luxury brands it's a bit old fashion and is looking to gain some credibility with a new generation of customers. paris based l d and h. believes it is just the owner to manage the transformation it owns a portfolio of $75.00 fashion houses and upmarket brands it tightly co

lvmh agreeing to buy tiffany for $16 billion.ems the deal was seeming sort of inevitable since bloomberg news initially reported an offer a couple of weeks back. it seemed like lvmh was going to have to sweeten the pot, and they did. i think these companies will be a good pair together. jewelry is one of the fastest-growing areas of the luxury business. it is good for lvmh to have more exposure to that. tiffany, i think, will benefit from going into the arms of a bigger conglomerate. it will be able to spend more on marketing and take advantage of this supply chain expertise that lvmh has. romaine: we are headed into the black friday week here in the u.s., and i guess now worldwide, for reasons i don't quite understand. [laughter] romaine: give us a breakdown of who is going to win here. back in the old days when this time of your come around, i would get the catalog and things for my mother. yes, i'm old. [laughter] romaine: who's driving the trend now in a world where it is just all amazon? sarah: i think the equivalent of that

there is a turnaround at tiffanys the multiple when they were higher but we can't compare it to tiffany the turn around there is much greater. it is very unlikely dif any will create the same amount of money for lvmh of course they are upping the offer, the first offer of 120 per share, they said this is too low, we want to have more. the question is how much farther. reaching 130 per share, we are getting close and we see the price getting closer to 140 per share for the right offer to be accepted >> is there a possibility they are looking at that increase already thinking we don't want to pay that much, that's why they are selling off >> it is a big endeavor to take on tiffanys. there is a lot of work that needs to be done there lvmh is good at doing that they want tiffany. high luxury is the sector they want to develop. it is the fastest growing sector jewelry is something they want to go after. there are not many brands as iconic as tiffany. they have one big brand which is bvlgari, they offer the right price. the ceo and another board member have worked at lvmh and they know very w

su: tiffany's is a storied company enshrined in a movie called "breakfast at tiffany's."rs old known for boxes.bins egg blue but it is seeking to revamp its brand and go after a younger customer. europe'sh, which is biggest luxury goods dealer. they would like to have access to u.s. luxury shoppers, and they are much more dominant in the fields of fashion and cosmetics. they would love to have a foothold in the jewelry offerings that tiffany offers, with midpriced offerings. chain in theart range, which is much lower price. this would expand assets to the u.s. customer. paul: su keenan, thank you very much. don't forget, if you are away from a screen, always find in-depth analysis and the day's newsmakers on bloomberg radio, broadcasting live from our brand-new studio in hong kong. you can listen via the app, bloomberg radio plus, or bloombergradio.com. this is bloomberg. ♪ this is bloomberg. ♪ sophie: i am sophie kamaruddin in hong kong. paul: and i am paul allen in sydney and you are watching "daybreak australia." the embattled leadership of west bank is in the size of

>>but then an unprecedented move tiffany li posted i 35 our million dollar bail to get out of jail. the family and friends helped her raise $4 million in cash the rest made up in property. the staggering transaction stunned the community. >>the fact that she was able to make that bail didn't come as a surprise but still for talking one of the top 8 or 10 bales ever posted in the united states. that's one that does widen one's eyes and angered the victims loved ones. >>nothing seems write about too. >>2 years later new details emerged in court the lead police investigator testified about it trail of tax. we sent to including one telling him greenlight end quote and a calm voice mail we left green the morning after he disappeared saying quote i guess who are missing or something give me a call back when you get this end quote the lead investigator testified the lee was emotionless when he handed her a death certificate and told her the father of her children was dead. in closing arguments. lee's attorneys hammered on whether key pieces of evidence should be considered factual and poin

we will get reactions from tiffany's ceo in an exclusive interview. stay tuned. this is bloomberg. ♪ vonnie: this is bloomberg markets. i am vonnie quinn in new york. >> i'm jon erlichman in toronto. be mh and tiffany are set to enter talks on a $16 billion offer in what could be the biggest acquisition ever in the luxury goods industry. cohosts carol massar got details moments ago. ceo alessandro bogliolo. from the luxury summit in new york. take a listen. o: there are many luxury brands. we talk about a handful of them. actuallyse who have some of them previously successful, consider vuitton, , that are super brands, superpowerful. consider chanel. honestly, seriously, i don't this is the kind of level of brand that is a magic formula. it could be a problem, could be one way, could be the other. what is crucial is that when you have a brand that has 182 years of history, you at the end of the day have to concentrate on the beautiful product and promises that you made to your customers. this is really the key of success. arrangement,ncial to be successful, one o

i think tiffany brings a lot to lvmm and they bring a lot to tiffany. i think lvmh can help fasten that up and speed it up. i think they want to increase their fashion and watchs and jewelry category given how strong fashion and leather goods is i think keep in mind insider don't own a lot stoof stock at tiffany. there's a share holder value to benefit. >> i'll pick up there. you think tiffany has a lot to gain >> yes they have the creativity and global muscle to advance tiffanys and modernize tiffanys and reinvent it for being more relevant >> let's move on the macy's after it reported same store sales decline in two years slashing its out look. >> vendors didn't seem to have any problem when we were the top retailer the vendors were happy because we were their largest. when they add distribution to off price channel and the consumer was choosing between this and that, it became a bit of a challenge now when those start to hit a well as well and their business becomes difficult, it does being strained not with just macy's but every one. >> what you thi

you see tiffany at the moment gaining ground. all right, the ties that bind. china is in talks to invest a combined $5 billion to $10 billion in the aramco ipo. xi jinping has been looking to increase chinese political paul, as well as revive trade routes. this would cement ties between china and saudi arabia. for more, let's welcome the atlantic council senior fellow and "saudi inc." author. thank you for joining us is the phone. tell us how invest -- how significant this would be. >> this would be a very investment. we are talking about a combined $5 billion spread between different chinese state entities , like the chinese sovereign wealth fund. even though this wouldn't bring china anywhere near a significant enough share to actually us -- affect things on the board of voting, what it does do is give china a measure of leverage over the saudi government. for example, what could happen is that china would be able to sell shares quickly, even at a take af they wanted to loss, causing a aramco shares to fall. china, with a $5 billion loss, if it needs it leve

it will mark the end of tiffany's 182-year history as a stand alone brand.he little blue box isn't changing but does reflect the changes to remain independent amid increasing consolidation across retail and adding tiffany's -- adding tiffany to the portfolio will strengthen lvmh's position in atches, jewelry the group acquired bulgaria back in 2011. >> lvmht how much would that cost to figure that out to add a t i think they should add a t. >> you think it's that important, that valuablvaluable this 135 price tag came up from $120 when they first went after them the question i think we threw out whether they get 130 bucks, could they get 140 they didn't push back. go look at tiffany's stock two or three years ago where it was relative to where it is today. >> we bought stuff there for baby gifts like a little spoon. >> oh, ye. >> in general, i don't know, it's like super retail i think chinese people love in china it's big in chinese tourists come here is big. just me personally, and you go to 47th street i'm sure don't you? i would rather go down there. >>

the task is too big for tiffany to do alone so it would make a ton of sense for tiffany to get bought by lvmh as long as they offer a decent price i hope they can make a deal because it's worth a great deal to both shareholders, tiffany's got the see the light here again, i'm pro merger because they reduce the stocks of the balanced supply out there. lower the supply lower the prices the lockup on insider selling in uber expired causing more than a billion shares to be released. this stock has been a disaster but if uber can off load the ubereats delivery business to grubhub or doordash i think it would make a bee line from 26 to 36 and the stock would be acquired too doordash is private and you know what i mean. there are too many companies in the delivery space and it takes out a rival to benefit the entire industry. how about all of the cloud based marketing company, cloud based cyber security companies we need massive mergers to the stocks go i like the first horizon iberia tie-up bank. a very good example of two plus two making five. the bottom line, while mergers can be fantasti

. >>> how about purchasing the entire company of tiffany's?ails behind the billion-dollar sale and the other luxury line tiffany is set to join. >>> good morning. i'm rah shell solomon at cnbc headquarters. here are today's top business headlines. wall street is poised to open higher this morning. the stocks rose friday but the markets were down overall for the week, breaking a four-week winning streak and trade continues to be a focus today. a chinese newspaper is saying the u.s. and china are close to phase one of the trade deal. the watch list reports on home prices, new home sales, consumer confidence, personal income and spending and third quarter gdp. the markets are closed on thursday, and it's a half day on friday. >>> and a deal has been sealed. tiffany's is bought for more than $16 million. lvmh has luis vuitton, christian dior and hennessey. tiffany's has more than 300 stores worldwide but struggled in the u.s. sales have dropped amid the trade war between the two countries. >>> despite the bumpy rollout it appears a lot of people a

lvmh has bulgeti and tiffanys is an iconic brand.paper makes complete sense for the business to go through and tiffany's shareholders giving the green light for the business they have deep pockets it's a lot of money. one player within this consolidation trend that we had within the luxury sector, lvmh was an obvious one. >> charlotte, thanks so much for bringing us the details there. my colleague here at cnbc in london. >>> coming up on the show, the uk conservative party manifesto has been released with a short t exrather predictable slogan gebrit done. we'll discuss the tory and labor party platforms in just a few moment's time. struggling to clean tough messes with wipes? try mr. clean magic eraser sheets. just wet, squeeze and erase icky messes in microwaves and on stovetops for an amazing clean, get the power of mr. clean magic eraser in disposable sheets. rowithout the commission fees and account minimums. so, you can start investing wherever you are - even on the bus. download now and get your first stock on us. robinhood. no

tiffany cross managing editor of the beat d.c. christina greer, associate professor of political science from fordham university. thank you for your time on this thanksgiving eve. the standout to me on this poll is elizabeth warren. you look at this poll here, she slipped to third place, dropping 14 points over the last month. pete buttigieg, again, according to this poll, up six points for the month. biden holding on to his lead, up three points. bernie sanders rounding out the form four in double digits, though he is down in two points according to this poll. we should note, as we do from time to time, that this is a plus or minus almost five points. this is a national poll, not a state poll. but the top line here, elizabeth warren, tiffany, what's your stake on that sharp drop? >> i'm going to say something that's not very popular. >> that surprises me. >> we have to stop obsessing over these polls because most people are not actually going through and looking at the data. when you look at the sampling, a lot of people are sayi

a case of merging main your own new york's markets potential take a visit at tiffany time to a leading brokerage firm of got investors excited from city to out wall street correspondents. and wind watches the world over have seen in beaujolais day but the u.s. targets are tainting the taste of this year's fresh french tipple. this is the debris of business i'm rob walks in but when welcome. one of the biggest names in global still is facing the worst crisis in its history germany's to some crop has posted a loss of 300000000 euros for the past financial year that's 5 times more than 12 months ago the company's c.e.o. has called on shareholders to be patients as it tries to desperately its fortunes around. peson crops flagship steel plant they are pioneering the use of hydrogen instead of coal in a blast furnace to make steel it's a world 1st a significant step towards making production greener and boosting innovation. change is high on the agenda just in crop for so long the symbol of german industrial muscle. the company reported a loss of 304000000 euros in the last financial year. c

a case of marriage in maine here on new york's markets potential take a visit tiffany and leading broke a cop. and bleeding even have got investors excited we get asked out wall street correspondents about that's why watches the world have seen in the beaujolais day u.s. terrorists are tainting the taste of this year's fresh french if. this is the do we have business i'm robots in berlin well come along. one of the biggest names in global steel is facing the worst crisis in its history germany's to syncro past posted a loss of $300000000.00 euros for the past financial year that's 5 times more than 12 months ago the company's c.e.o. is called on shareholders to be patient as it tries to desperately turn around its fortunes. not to some crops flagship steel plant they are pioneering the use of hydrogen instead of coal in a blast furnace to make steel it's a world's 1st a significant step towards making production greener and boosting innovation. change is high on the agenda just in crop for so long the symbol of german industrial muscle. the company reported a loss of 304000000 euros in

lvmh is having breakfast with tiffany. f french luxury groupup confirmed it is buying the u.s. jewelry brand. the biggestn, it is acquisition for lvmh, which owns louis vuitton and dior. expand the u.s. market. lvmh's owner has invested in the u.s., opening several factories, including this workshop. theheant to thank you for job you do. you are one of the great busisiness people, b but vision. i know a lot of great business people, but they are not visionaries. >> tiffany's deeply rooted in new york culture and known for its engagement rings, became iconic after "reckless debt starring audrey hepburn. it hasas trailed rivals in terms of sales growth. touristsd to cope with spending less. it has suffered a decline in sales asia. >> huber will not be -- uber's license will not be renewed. is a khan says safety paramount concern. let's look how markets are trading in europe. bringing those boards up for you now. you can n see it is positiveve acssss the board.. london ftse upup 9/10 of 1%.%. novartis has agreed to a cash dea

well coming from just the charts in the stock you look at that tiffany would would be well poised to actually take that offer louve aton stock has been doing great for a long time and tiffany is had a high of $140.00 and with this offer it now brings up $230.00 so you know just looking from that with the numbers it seems to make sense and i don't know how much higher they could go as far as the offer now what it comes down to i think is more of the intangible where we're looking at what is the name recognition of tiffany it's been around for a long time it's a solid solid name a lot of people know of it has a good reputation and i think it comes down to is luva tahn do they really want that name and do they want that kind of clientele that comes with it and they might just have to pay more to have that kind of name recognition for such a long time and bring it on board and that way the $2.00 of them actually maybe are better together in the big picture in the long run. and then finally we have this other dying segment we got to talk about here printing and paper business ulit packard

is spying on us to let tiffany take over is said to strengthen both companies tiffany has been training competitors in recent years and b. and h. hopes to boost its presence in the united states l b a major brands include dior and analysts say the addition of tiffany will make it to the global market leader in luxury jewelry. business update on thanks for watching. thank you from the book you are no one. could go learn from your local me for. exposing and justice global news that matters to. minds. with him how to be to go so wrong as well biased i know if i had known that the boat would be about small i never would have gone on the trip i would not have put myself and my parents in. part of the deal with the to get a flavor of. one sunday because that one little bit of the given that i have serious problems on a personal level and i was unable to live there whether that's going to. you want to know their story in full migrants terrified and reliable information for margaret's. i had a really hard time in school. emma norris is dyslexic and was always an outsider at school. but that's a

profile peninsula murder trial, heiress tiffany li was found nothing of plotting to kill her ex-boyfriend and father of her 2 children, but the jury deadlocked on her accomplice. >> here's len with reaction to the verdict and what comes next. >> reporter: there was utter joy and devastation all at the same defense table here in redwood city this afternoon. tiffany li got to walk away a free woman, but her co-defendant is still in jail tonight after a mistrial and could face yet another murder trial. heiress tiffany li hustled away from the courthouse just ll h -bod and o e fo facustody battle. arrest after her family posted bail, but after her acquittal, she was released immediately. >> i casay now what i wouldn't say before for the last 3 and a half years, we're both convinced our client wasn't just not guilty, she was innocent. >> reporter: she was accused of plotting to kill her ex-boyfriend with her new boyfriend and another man who pled access to murder after the fact. li and her co-defendant were tried together for murder and conspiracy, but after a 13-day deliberation, the jury was

jeweler tiffany. the analysts regard the move as a win for both companies.vmh hopes the deal will boost its presence in the united states. lvmh is owned by friends's richest man. -- by france's richest man. it's watches and jewelry division comprises vulgarity and tag heur. the 16 point two -- $16.2 billion deal will be their biggest acquisition to date. >> now to be taken over by lvmh, a luxury group so european that most people have trouble pronouncing its full name. u.s. jeweler tiffany is one of america's fewer luxury blinds. -- luxury brands. it is looking to gain the ability with a new generation of customers. paris-based lvmh believes it is just the owner to manage the transformation. it owns a portfolio of 75 fashion houses and upmarket brand. it tightly controls the image and distribution of a range of products to keep them profitable anand aspirational. lvmh had revenues of nearly 47 billion euros last year. most of it from its leather and fashion division with friends from louis vuitton. tiffany will fit into it's watches and durably division, cur

i think also, tiffany, we have been listed for 35 years.there are moments where you are more successful, other moments less, but i don't think we made wrong decisions because we are listed. jason: bloomberg businessweek is available on newsstands now. carol: also online. jason: what is your must-read? carol: the story about barclays. barclays has been in the news a lot over the last years, and this is a story that has gone under the radar. some great reporting from max and our team in london. you are going to be surprised by the story. it speaks to a larger story about wall street accountability. your must-read? jason: there are different stories, but the google story the cover story, it is about google, but also about what the company wants to be. it is employees versus management. it's goals, hopes and dreams, and what is at its core. i found it to be a much more serious story in many ways than i anticipated. carol: it's about google getting into middle age. where does it want to be in its next chapter? a fascinating read. do check out ou

entire tiffany advent calender.h guest helen mirren and ian mckellen. ♪ shishito. burrito. raw kitfo. fried shiso. french fry. iced chai. tasty. pad thai. baked pie. half stack. taco pack. lobster mac. baby back. pork chop. soda pop. kebab. soursop. hot pot. i'm hungry now. noodle soup. cantaloupe. ice cream scoop. whipped cream bloop. dumpling. chicken wing. peking. and those crispy onion rings. we are america's kitchen. doordash. every flavor welcome. we are america's kitchen. [happy ♪irthday music] ♪ don't get mad, put those years to work with e*trade. the roomba i7+ with cleanng base automatic dirt disposal and allergenlock™ bags that trap 99% of allergens, so they don't escape back into the air. if it's not from irobot, it's not a roomba™ but one blows them all out of the water. hydro boost with hyaluronic acid to plump skin cells so it bounces back... neutrogena® and for body... hydro boost body gel cream. (vo) ♪ i know what you're thinking. so it bounces back... electric, it's not for you. and, you're probabl

david faber has reported that lvmh has been eyes tiffany's for two years. lvmh homestead to brands like christian dior and louis vuitton. and it would enhance its jewelry portfolio one of the fastest growing areas in luxury but in 2018 accounted for only 7% of earnings for lvm the h tiffanys has struggled with weakness in sales and suffered in asia. and lvmh needs to spend more on marketing brands and that can only happen as a division of lvmh there is no guarantee the dee happens. but again in development indicating that it may and investors seem to like the news. melissa, back how. >> rahel sol man at headquarters karen, seems like a good step forward. >> absolutely. i'm long tiffany i think that the most important point- well one that they made the bill and it was made public. the second most important was when tiffany said we think it's too lois different than we're not for sale we no he what they are it's just a question of price. and i think you don't get a chance to buy unique asset like this very often, right at some point i think any of the other b

close to phonies and its raises now to $16000000000.00 from its earlier bit at $14500000000.00 so tiffany plans to continue to negotiate for a better offer offering arguing that it is still being undervalued the current offer now raises the price tag to $130.00 per share so where do you think this would end up and what's your baseline of the fair value given that tiffany's is a classic brand equity and you have tremendous name recognition there. well coming from just the charts in the stock look at that tiffany would would be well poised to actually take that offer leave aton stock has been doing great for a long time and tiffany is had a high of $140.00 and with this offer it now brings it up to $130.00 so you know just looking from that with the numbers it seems to make sense and i don't know how much higher they could go as far as the offer now what it comes down to i think is more of the intangible where we're looking at what is the name recognition of tiffany it's been around for a long time it's a solid it's a solid name a lot of people know of it has a good reputation and i think i

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the acquisition of tiffany will be transformational.younger or try to do more upscale or both? stephen: i think they will do all of that. tiffany's is a great band and expand theen able to consumer bases of all the brands they work with. take wavy tall -- louise the tton.-- louis vi they have a terrific chance to strengthen the business in asia and the u.s., 4 billion plus in sales. tiffany has a great opportunity to expand locally and for louis vitton to expand its presence. i do a lot with the mastercard team, and if you look at the mastercard spending, jewelry is holding up pretty well so investing in the jewelry business is a good one. francine: how much can you change tiffany? knownuy brands that are but aren't huge everywhere. tiffany has a pretty good footprint in asia and the u.s. how can they transform the business? stephen: what you want to do is evolve the business. tiffany has a good position with silver, but you can elevate the brand. there is a lot you can do in modernizing the business. certainly from even a presence in a

stock, if we can, rather it's the price per share, breaking this afternoon tiffany reportedly askingvmh to add sparkle to french conglomerate to buy the jewelry giant, look at the price, 124.78 for tiffany, lvmh offered to buy for 14 and a half billion which works out to $120 a share, so obviously below that. but when word of the deal leaked early and this would have been about 2 weeks ago, tiffany stock spiked, now it's standing as we see about $4 higher than the original offer which lvmh confirmed but tiffany said, no, we are worth more, let's see what happens there. investors continue to bid up hp long after word that the much smaller xerox is considering cash and stock offer for printer and pc maker, wall street journal reported hours ago that xerox with 8 billion-dollar market cap has sub-23 dollar a share bid for hp, hp has market cap of $30 billion, how is that going to work? well, we are looking at xerox stock, i believe last checked was slightly up, let me quick it check it here, xrx, it is moving about 3 and 3 quarters but hewlett-packard that's really getting the big move

at $135.00 per share a lot of the purchase say the acquisition of tiffany will strengthen the mh is position in jewelry and further increase their presence in the united states on the news stock and tiffany is up more than 6 percent while the m h is up a mere 1.5 percent and we're going to move into big pharma now swiss drug maker novartis will take over the medicines company in an effort to secure a cholesterol lowering injection called include the deal puts them in a position to better compete with their rivals no artists will pay a $9700000000.00 or $85.00 per share for the transaction now the medicines company shareholders will receive a 24 percent premium over friday's closing price after the deal was made public the medicines company stock spiked more than 20 percent with the virus holding steady up just half a percent and lastly well it's not all good news here in the story hewlett packard on sunday again rebuffed xerox attempts to acquire the company for $33000000000.00 and refused to open their books to the copy machine giant h.p. contends the offer significantly undervalue