deal, itst ever transcanada buying columbia pipeline.s transcanada's reach in the natural gas market. >> standard & poor's cut its outlook unstable to negative. joining us now is pamela, how did this deal unfold? the cat was out of the bag on monday. we saw shares bouncing up 8% as they said yes, we have been in talks for a takeover. they seem to be not working out and we saw this announcement yesterday that the deal had gone through and so a premium was paid to columbia pipeline of 11% to close on wednesday. if you go back to the discussions on march 9, it is a 29% premium. an embark mint into the gas side of transcanada after being spurned on the keystone xl, being caught up in red tape for the energy east pipeline, moving further into the gas side of the business, which is responsible for the of its revenue. to pay for the deal they have of $3.2a situation billion and they have some planned asset sales. thend of course separately government of quebec has delivered a balanced budget. i understand you will be speaking with the finance m

. >>> transcanada is reportedly in talks to buy natural gas company columbia. transcanada issued that statement confirming it was in talks with an unnamed company and that no agreement had been reached. columbia pipeline shares rose more than 8.5% to 21.43. shares of transcanada fell nearly 4% to 35.66. >>> softwaremaker nuance communications will buy back $500 million of its shares from billionaire carl icahn and some of his affiliates, the deal expected to close next week. shares fell nearly 2% to 19.81. >>> straight ahead, how general motors hopes low gas prices will help brighten up one of its legendary brands. >>> lockheed martin is boast known as an aerospace contractor whose products are used by the military. but now the company has something for the commercial market and it's unique. so much so that you might say it's a bird. it's a plane. it's -- well, jane wells explains. >> reporter: one morning ten years ago, a bizarre aircraft flew out of lockheed martin's secretive works in the the california high desert, a hee yum yum-filled hybrid air ship, part

shares of transcanada down initially in after hours trading. shares of columbia pipeline sparked initially in the after hours. >>> social security, medicare, reforming these entitlement programs is a big issue on the campaign trail. republican front-runner donald trump has said he won't touch them. that's not what house speaker paul ryan thinks should be done. john harwood spoke to mr. ryan exclusive if we do not prevent medicare from going bankrupt, it will go bankrupt, and that will be bad for everybody. we have to tackle our debt crisis. we have to tackle the drivers of our upcoming debt. i think -- i hope that whoever our standard bearer is going to be will acknowledge that. >> if presidential leadership is the indispensable ingredient for title reform, as everybody has said and has for a long time, doesn't it mean if you nominate and elect a candidate who says, don't touch them, it's n going to happen? >> i'd like to think that he will see what is going on with these programs. he says don't touch anybody -- >> i disagree. for younger peopl

. >> we have time to talk about transcanada?> please, let's do. >> the papers ask why did they do this? keystone was dead a long time ago. this is about, thank you rbn about this, their main asset, transcanada, a huge gas pipeline from alberta to the eastern part of the u.s. that's what transcanada's big money thing has been. the marcellus and utica, all the natural gas from pennsylvania to ohio has made it so you don't need to ship natural gas from canada. transcanada had to buy columbia to protect itself, because they don't have anything cooking anymore since that big pipe is gone. this is about marcellus and utca. the other big business transcanada has, they ship natural gas to mexico. mexico used to be a giant producer of natural gas and oil. now they have such a shortage -- canadians are sending it to them. this natural gas market is so he in flux, it's on fire. this is all natural gas related. it's not keystone, it's not oil. it's not heavy sands, it's about an alberta pipe we don't need anymore. >> has the marcellus and u

this is after transcanada and the u.s.e doing the opposite, this is a little bit higher, although they are still down by nearly 3%. has justhe s&p 500 turned positive. we will see. hard to keep track. we are watching this very closely. and apple, they have been bouncing around. they were lower moments ago after the company announced the latest product even. this is going to be a smaller screen device. encryption ongoing situation put a damper on apple? we have more. we will talk about the encryption, but first the idea that we are going to have a new smaller screen iphone again, this is not new, but will it capture the imagination after the bigger screens? guest: i do not think so. it is necessary, apple has a problem that they have a sense, or a pressure, to get bigger because of samsung. almostve actually gone too big and people were complaining that they wanted a thin phone, like the iphone five. so this is apple trying to essentially fill in that whole -- hole in the product line. this is not innovation. it is just cha

some breaking news -- transcanada is going to buy columbia pipeline group for about $29 a share. have a bridge term loan credit for $10 billion that will maybe help it i that company. transcanada did not get to build the keystone pipeline it goes from canada to cushing and the u.s. gold coast. that got squashed by the obama administration. now the company going to buy columbia pipeline group. scarlet: "what'd you miss?" the fed will leave rates too low for too long and it will trigger more market volatility. that's according to our next guest. you love to follow the fed and volatility for how bad is it theg to get mark guest: surprising thing about janet yellen's statement was that she claimed it on global events. she said it was china cause us to pause. but it wasn't in china so much as the markets. my claim is always been the head has overreacted and has been too cautious because it is so concerned about market overreactions. it has allowed markets to be distorted by these lower rates where the we now have market -- andallocate credit or i think the situation is so precarious t

the deal makes transcanada a bigger player into u.s. national -- natural gas pipelines on the order of 15,000 miles. finally, in science tech, i want to look at astra metrics. this is the highest in the past eight years. basically, origin technologies says it wants to buy up astra byrics, topping a rival bid thermo scientific. origin was actually founded by former founders. it looks like some scientific entreaty saying i want it back. betty: thank you. thus check the headlines. mark crumpton has more from the news desk. mark: after request of-month international manhunt, police have captured the top fugitive in the paris attacks in the same brussels neighborhood where he grew up. the deputy mayor said salah abdeslam was shot in the leg and detained by police during a raid today. authorities are still looking for another suspect reportedly holed up in a house a few dozen yards from two schools. two explosions were also heard, as police with riot shields cordoned off the area. authorities say the brussels was among abdeslam the attackers

transcanada shares in u.s. trading have turned lower.'s look at william partners, 's natural gas pipeline will be delayed until the second half of 2017. it was targeted to be complete by the end of this year. the company tries to get more permanent -- permits for things like clearing trees in new york. we have declines in the other oil and gas mainstays as well as we see the price of oil decline. familiar names on this list. scarlet: thank you so much, julie hyman print coming up, we will be speaking with neil from credit suisse to get his take on the ecb kitchen sink stimulus. ♪ . . scarlet: from bloomberg world headquarters in new york, this is bloomberg markets. let's start with first word news with mark crumpton at the news desk. mark: president obama's looking to name a replacement for the late supreme court justice, and to one's glia, as soon as possible. president obama was asked about the vacancy during a news conference with the visiting canadian prime minister. president obama: i think it is important for me to nominate a supre

transcanada agrees to buy colombia pipeline. virtual pop stars are set to take the stage. the creator -- is that simon -- simon cowell? developing a digital version of elvis presley and fictional stars. lauren: it could be a game changer for television, twitter and facebook to connect out for the right to strain my television programs. details a little bit later in the show. sports is all about the upset. all the bracket busters ahead. stay with us to find out if your team is still in the tournament. the dow was up another 37 points, highest level of the year. nasdaq up nine. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ nicole: let's take a look at u.s. stock index futures a dow futures up for 83, s&p futures at five. lauren: oil prices trading below $40 a barrel. 39.97. a meeting next month with the major oil producers. ten dollars. lauren: let's take a look at the latest in the world of sports. march madness is back and it's no different. plenty of upsets. joining in the fun with 65.65. the defense was the star of the show. normally

transcanada is expanding into the u.s.atural gas markets, buying columbia pipeline group for $10.2 billion. it gets the bulk of its revenue from gas shipping. the deal gives us access to pennsylvania and parts of new york, ohio, and west virginia. one of the world's biggest makers of auto parts may return from mexico to detroit. they want the united auto workers to agree to lower wages, according to "the wall street journal." if they agree, about 1000 jobs could move to detroit. vladimir putin is moving in on tuf claims. he has started a credit rating firm in will start publishing opinions in the second half of the year. oody's has said they will stop issuing opinions in russia. francine: possibly, my favorite story of the week. crazy, right? just start euro ratings company. we know why they did this; this is for local issue banks. it is tricky, and that is a whole other story. let's get to negative rates. the spectrum of negative rates, of prolonged negative rates, and what the ecb can do. today, the ecb is saying it has

transcanada is not giving up on expanding in the united states after failing to obtain approval for itse xl pipeline. it is buying columbia pipeline group, the price is more than $10 billion and the deal given that gives it access to natural gas pipelines in pennsylvania and parts in new york, ohio, and west virginia. caroline: time for a bloomberg quick take what we provide context and background on issues of interest. turkey is at the center of european union refugee deal. moves toresident tighten his grip on power has sparked a backlash, opponents say the dominance of his ruling party has eroded a country's secular system and diminished media freedom. he has fought accusation of corruption and stifle debate. that has rattled investors. has swept back into office in november elections and since then turkey has resumed its war with kurdish separatist and suffered a wave of terrorist attacks. it has made that agreement with the eu to create a legal migration route. he has purged opponents from the police and the nation's courts, the governor has widened oversight of the internet, drawin

transcanada says it is in talks .o buy an unidentified company this comes after the wall street journaleported the company is negotiating with columbia group -- pipeline group. a change at the top of the world's largest hedge fun. jon rubinstein has been hired as the co-water of bridgewater. bridgewater manages $154 billion. the current ceo is greg jensen. jensen will focus more on investing at bridgewater. that is your business flash update. to headow, we are going over to a bloomberg exclusive. earlier today, we sat down with the canadian pacific railway ceo, hunter harrison. erik schatzker asked about his efforts to buy norfolk southern. hunter: there is not a favorite there. both the organizations in the east would work with our franchise. there is not a favorite. one has this advantage, one has that advantage. we think we could fit well with either one. either one of them -- one of them would fit well with us. aik: is the approach to csx sign, an indication that you are running out of patience with norfolk southern? o'er the prospects for getting a deal done there are deteriorating

transcanada is expanding its three chin to the u.s.as market, buying columbia pipeline group. itsscanada gets the bulk of revenues from gas shipping. apple is coming out with a smaller iphone. that isfour inch device meant to attract customers who 5cill use the iphone 5s or with a more compact screen. we will look at apple's latest product announcements after 1:00 p.m. eastern on bloomberg television, radio, and bloomberg.com. that is your "bloomberg business flash." jon: thank you very much. dilma rousseff's attempt to salvage her presidency has backfired. yesterday, the pointman of the new chief of staff was suspended as protesters took to the streets. our bureau chief joins us. julia, this is such a complex story. motives as toe why he was appointed. there were a whole group of people that said this would be great for him because it could insulate him from the corruption allegations. another group said it was good for dilma rousseff to consolidate what little power she had left. the allegations are that it was very much about the fo

this gives transcanada a big presence in ohio, pennsylvania, parts of new jersey.ropostale may be grounded. this comes after they said they may face liquidity problems after failing to solve a dispute with a major supplier. they posted 13 quarterly losses. the stock is at 25 cents, but five years ago, this was a $27 per share company. kevin o'leary, do you think we'll see more retailers like this because everybody we talked to says america is dramatically overstored. too much retail space, given all the online activity. >> you know, it is leverage, it is always the story. if i dug into that story, i'll find out there was too much leverage on it for a down cycle in the space. and in a way this is the darwinian nature of business, we're scraping away the weak management teams, these assets will get redeployed. i don't really blame it on retail. i blame it on stupid deals. and so anybody that did a stupid deal is going out of business, it is going to happen here, in the energy space. i like getting rid of stupid management. >> leverage kills every time. it is absolute

. >>> transcanada buying columbia pipeline group in a deal worth 10.4 billion dollars, in pennsylvania, virginia and ohio. more "countdown to the closing bell" after this. hey how's it going, hotcakes? hotcakes. this place has hotcakes. so why aren't they selling like hotcakes? with comcast business internet and wifi pro, they could be. just add a customized message to your wifi pro splash page and you'll reach your customers where their eyes are already - on their devices. order up. it's more than just wifi, it can help grow your business. you don't see that every day. introducing wifi pro, wifi that helps grow your business. comcast business. built for business. whewhat does it look like?ss, is it becoming a better professor by being a more adventurous student? is it one day giving your daughter the opportunity she deserves? is it finally witnessing all the artistic wonders of the natural world? whatever your definition of success is, helping you pursue it, is ours. t-i-a-a. . liz: want to quickly say the s&p 500 is looking like it is at highs of the 2016 levels here. comfortably eno

. >> when we return, transcanada buying columbia pipeline group.ls and the stocks to be watching. let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim. td ameritrade. every year, the amount of data your enterprise uses goes up. smart devices are up. cloud is up. analytics is up. seems like everything is up except your budget. introducing comcast business enterprise solutions. with a different kind of network that delivers the bandwidth you need without the high cost. because you can't build the business of tomorrow on the network of yesterday. because you can't build the business of tomorrow [alarm beeps] ♪ ♪ the intelligent, all-new audi a4 is here. ♪ ♪ ain't got time to make no apologies...♪ trolling for a gig with can't blame you. it's a drone you control with your brain, which controls your thumbs,

in terms of the specifics of transcanada's case, i can't get into that. united states is very successful in winning isd s claims. there haven't been that many of them. it sounds bad when transcanada is suing the united states under nafta in terms of it being a huge problem, it isn't. it doesn't reflect on the basic fact of trade liberalization, lower tariffs, and whether trade and imports are good or bad for the american economy. we can have a conversation about isd s but there are -- that has nothing to do with the trade deficit, nothing to do with manufacturing jobs. that folks like donald trump and bernie sanders are talking about. if donald trump wants to have a debate about i.s. ds, i would welcome it. , i would welcome it. caller: i had a business in houston for 38 years, where i successfully employed 25 ladies. we were very competitive with any other company in the u.s.. it is impossible for a u.s. company to compete with people sitting in india, paying their transcriptionists two dollars an hour. i don't understand why you allow the subterfuge tha

energy sector yesterday with transcanada making the bid for columbia pipeline.last year record volume, $2.3 trillion, $450 billion came from u.s. companies buying abroad. of the big chunk was pfizer making a bid for allergan. if you extrapolate year to date, we'll have a record year for foreign acquisitions in the united states. >> are they getting a good deal? i've been hearing a lot of chatter reminding people about the 1980s when the japanese were buying up u.s. assets at that time and years later had to sell them back at pennies on dollar. is that likely to happen this time around or are they getting a good value this time? >> you go back into the way back machine and the japanese were buying rockefeller center or pebble beach, buying luxury items in terms of rockefeller center, that's a commercial property. maybe as opposed to now with starwood, more of a residential property and going back to my thesis, more of a bid on the middle class, looking at the different times, these numbers are phenomenal. >> how much more do you expect them to pick up? we're only

transcanada inks a deal to buy pipeline for $13 billion total, that includes debt.y component is closer to $10 billion or about $25.50 per share in cash. the deal would create a very large pipeline operator in north america. covering a lot of ground here and trans canada interest in columbia pipeline specifically about these pipelines they have going from the new york shale and upper pennsylvania shale regions all the way down to the gulf of mexico. this deal is now done. pending regulatory approval and what not. we're watching those shares. columbia pipeline shares up by 4.5% to $24.60. 136,000 shares of volume. it's about a dollar below the implied price for the takeover. back over to you guys. >> there's still some question. thank you very much, dom, whether it gets approved. i guess if you can't build it, you buy it. >> geographically it meshes together perfectly and look at the canadian exposure and northeast exposure. it seems like it makes sense but it's a matter whether you can get it done. >> there's been a turnover in the administration in canada from one