tyco's down. this would be the beginning of combinations where they say basically, listen, there's no youth in the world so let's just merge. >> cost of operation, $5 million, taxes, 150 billion bucks. coming up, more movers to get to this morning, of course, including mcdonald's. you know jim's got a lot to say about that. and twitter shares. they're down again. let's give you a look at the futures as we get 17 minutes from the opening bell here at post 9 on the nyc. we're back after this. you've upgraded all your old technology... so what about this? it's time to get into the new with ford ♪ come and get it if you really want it... ♪ new is ecoboost technology. new is a foot-activated liftgate. new is tougher, stronger and lighter. new is ford. america's best-selling brand. now get into a new focus, fusion, or escape with 0% financing for 60 months plus $2,000 dollars trade-assist cash. only at your local ford dealer. >>> shares of mcdonald's are up. the fourth quarter results were ahead of wall

, not takeover, tyco international.ontrols johnson controls to ireland where corporate tax rates are lower. johnson controls shares have just turned negative. does the surprising or is it already -- this surprise you or is it already priced in? julian: clearly the pressure on a day like today in the industrial sector with oil weakening the way it is, that has been the markets mindset recently. what this really shows you is that m&a is not dead. stephanie: nor our inversions. jack lew can come out with a letter saying i do not like inversions. if they are legal, corporate america is going to do it. of thesefter enough deals, we could actually be setting the stage for a meaningful discussion on tax reform in 2017, which is where we need to go. lisa: i would agree. honestly right now in this environment, companies do not have that many options to boost revenue outside of cost cutting or they have destined traded -- demonstrated cost-cutting. they're going to look for that tax cut or any extra amount of money they can raise

johnson controls and tyco have agreed to merge in a deal valued at more than $30 billion. johnston will own 56% of the company and will keep its name while moving headquarters to ireland where tyco is. they make protection and video surveillance systems. shares dropped 24%. tyco soared nearly 12% to 34.15. >>> sprint is cutting about 2500 jobs as part of its efforts to slash about $2.5 billion in costs. most of the layoffs are coming by closing call centers. it's the third round of cut backs in the last year and a half. shares of sprint fell 12% to 2.52. consumer products maker kimberly clark missed targets for earnings and revenue numbers as a strong dollar and global currency hurt the results. the makers of huggies and kleenex said net sales will come in flat to down again. kimber horton posted a slightly better profit. it saw home revenue grow at its slowest rate. they did see a rise in orders in the quarter which is an indicator of future revenue. dr horton fell nearly 5% to 26.50. >>> the supreme court threw out a ruling in favor of amgen employees who said they lost

tyco is headquartered in ireland. the purchase would let johnson controls cut taxes by moving its domicile from the u.s. to ireland. no word at this point on the terms of the deal or if johnson controls would plan to do this as an inversion. >>> another week of corporate results coming out. mcdonald's reporting fourth quarter results before the open are expected to get a big boost with the launch of all-day breakfast. we're also getting earnings from home building and kleenex maker kimberly-clarke. and big tech names like microsoft and apple and facebook. >>> google paying $185 million in back taxes to the u.s. after the probe of the tech giant's low tax returns. some critics want more calling this a sweetheart deal. i don't know if you guys knew, while we were in davos, tim cook went to brussels to potentially try to work out something. because there's a similar kind of situation going on over there, where the tax bill could be as much as $19 billion. it becomes much higher. yahoo! reportedly changed its stock option

tyco is headquartered in ireland.rchase would let johnson controls cut its taxes by moving its domicile from the u.s. to ireland. but no word on specific terms or indeed if johnson plans to pursue that. >> hillary already said she could have an excise tax. we're watching twitter this morning. the big el upheaval since jack dorsey returned as ceo. the held of the company's product, engineering, media and human resources team are leaving. and twitter will appoint two new board members and high-profile media personalities. twitters by dorsey said all fou will be taking well-deserved time off. keep in mind, it comes days after twitter stock hit a new low and continued to fall. down double digits the past year. it is time for them to shake it up and figure out something new for investors to latch on it. can they grow user growth at all from that falling 20 billion mark. >>> in political news, a lower high profile politician and billionaire may be are youing for the white house. many expect that bloomberg could take votes a

we've got a megamerger between tyco and johnson controls. volume currently running about 4% below average on the big board. but do we have at least the beginnings of a clear answer as to whether stocks are close to a bottom? get right to the floor show, traders at the new york stock exchange and cme group. so today we've got oil dropping about 6%, it wasn't the iranians but the iraqis to blame. blurting out today, we have record high production, yeah, that means lower oil. but are we seeing a break in this pattern where crude and equities, and start with you, sarge, being attached to the hip as a reason to decouple here? yes or no? >> starting to decouple. seeing a much lesser degree of decay for the equities than commodity oil. if you take energy and financials out of the s&p 500 today, we're having an okay day. we're going sideways if you do that. liz: can't wait to hear what scott says about. this are you seeing the same visions that sarge is seeing? >> welcome to the new america where mediocre is just fine! i would say this. i think that

that is what is merging with the old tyco.l have an industrial conglomerate that has paired itself down. it will reach domicile to ireland or the corporate tax rate is 12% instead of 35% like it is in the u.s. and you get a lower tax base. for them, they all when. in.they all w scarlet: to what extent will they need to tap the debt market? the pro forma company will be levered somewhere around three times a bloomberg analysis on that. that is typically a little bit higher than that to have a company rated at the johnson controls level. those bonds may be impacted the most. currently a little over $2 billion out the ending. alix: we are seeing the share price drop a little bit. when you look at the deal overall, what i find interesting is it was much more interested in the auto parts part of the business but trying to reduce reliance on the auto parts sector. why is it doing this? it is focusing on the downside. lot of thinking on wall street got all those are near peak -- are at peak or near peak sales. this might be as good a

tyco and johnson's company.rs will be in ireland hoering the corporate -- lowering the corporate tax rate as these companies merge. the companies acquiring each other so they can get and move their headquarters out of the u.s. as you can see tyco looking higher there. >> the den strer broncos -- the den strer denver broncos will taken to north carolina panthers a historic blizzard rocks the east coast over the weekend, washington, d.c. trying to dig out following one of the worst snowstorms ever to hit the nation's capitol. we are on the streets to give us an update. blake, good morning to you. >> good morning to you as well, "dig out" is the therm monday morning. they started to pile all this will snow off to the side to try to to get the sidewalks clear an especially the streets clear in washington, d.c. after this historic storm over the weekend that came if friday afternoon. stopped saturday at midnight but still the damage has long been done. depending on where you live in the the washington, d.c. area you

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johnson controls is combining the tyco and a multimillion deal.h more and what this means for both of the companies and what it means politically, let's , who in joel living can covers credit research in the auto and industrials. joel, first off, why does this make sense? [sneezes] joel: bless you. from a strategic standpoint, whether they cover protection or monitoring, they can add that to their portfolio. from the financial standpoint, there is anemic growth in the industrial. maybe it's 1% or 2%. m&a remains red-hot in the capital good space. mainly because you can take out cost savings and build growth over the next couple of years. those couple of items combined with tax savings are the three main drivers. how much in savings is this expected to generate from both of these companies? $150 million annually of tax savings are expected from the announcement. certainly it is a good amount of money for them? joel: without it out. it is an important stock merger. betty: what does this do for -- wasn't -- wasn't johnson in the middle of selling off

johnson controls making its bid for tyco.omething to say about market conditions that at least there's two industrial names that feel comfortable enough in the environment to swap or combine. >> that was the takeaway on the headline then you had people look through it, not much of a premium for tyco's business, doesn't seem people are thinking there's going to be much in the way of a bet on future growth. it's kinds ever putting two pieces together to fit. of course the inversion, tax purpose as well. i still think it's a positive thing. i think we'll hear a lot from big industrial companies this week as they report earnings and it will be interesting to hear if they sort of not only say that they see an end to weakness in global growth and orders but also if the market accepts that. >> takes it that way. >> caterpillar was not a great sign on that. we'll leave you -- we would like you to leave us with a parting thought about what to do with the industrials and financials, any parts of this market you like? >> financials, we

tyco is moving to ireland. they are leaving the country. we have major corporations leaving the country because politicians do not know what they are doing. >> what about people who came here illegally but they are here now? mr. trump: they have to go. 50% are stopped at the border. overstay is easy to take care of. it is called management. they fly in, come in, stay forever. that cannot happen. we have a slogan, make america great. that is what is going to happen. >> the statement says, i am very pro-choice and i hate the concept of abortion. mr. trump: exactly, why did you not read that before. excuse me. you did not read the question. when you quoted, you did not read what you just read. read it again. why did you not say when you asked the question before, that i hate the concept of abortion? no. you were quoting him. why did you not read my quote the way i said it? do not ask me questions like that. you are not a very good reporter. that is a cheap shot. you have a guy like ted cruz who is nervous as can be. he is a nervous wreck. i pi

not with tyco, the company with whom it is merging, but us. america. the country, it is now leaving, or at least leaving its headquarters. even though johnson controls it, the one buying tyco here, the reigning company will call the irish home the combined company home. why? johnson controls effective tax rate will be about 18% versus the 29% the company is paying now. i know what you're thinking. how unpatriotic. as if saving $150 million in taxes is unpatriotic. or assuring jobs for its worker, yes, american workers as well, that the savings is unpatriotic. but try telling that to bernie sanders or hillary clinton who have an aversion to the so-called inversion. there is a way to make this go away. take away the reason why companies are going away. our higher taxes. level the field and i suspect most companies wouldn't even think of playing on another field. this isn't about conservative principles versus liberal principles. this isn't about red or blue. bits green and saving green. saving money and for a lot of these guys, saving their company. ther

it comes off this deal yesterday between johnson and tyco. andrew joins us live from new york now.morning to you. >> hey, guys. >> a cameo and a must read. >> we timed this all together. >> exactly right. i have to have say, my question off the back of your article, we've seen lots of criticism from clinton and sanders about another inversion deal. surely companies have a duty to their shareholders. if this opportunity to cut their bills is available to them, they should take it until the loopholes are closed. >> you said it, i didn't. that's exactly right. ultimately, they're going to do what's in the best interest of their shareholders. that's what capitalism in large part is about, though i know some people will debate that point. and the question, of course, is when is washington going to wake up and not just have politicians spewing rhetoric but actually decide to do something. when i say do something, i don't mean bar the gates. the question is, when do we actually get tax reform policy that makes it attractive to be an american company in america. that's the long-term issue.

that is where tyco and johnson controls fits.ou know so many of them we've seen over the last couple of years, whether it's mylan and abbott or medtronic and convidian. endo ended up incorporating in a third market. it goes on and on the number of companies that have inverted over these last couple of years. it picked up dramatically in pace. 4% global m&a volume for 2014 and '15, doubling what had been the pace previous to that. the question still becomes if we continue to see more inversions as does seem likely, will it put pressure on treasury or perhaps other politicians as well. it might put pressure on those in congress to get something done. frankly, they still need congress to weigh in on all these things. it's the threat of it doing so that will keep companies from attempting. we did put a decent amount of attention on johnson controls and tyco. not the strategic benefits of the deal as might have been the case if it were not an inversion since that got so much of the attention itself. there are more coming. >> i thought

it's a big deal pending between tyco and johnson deal. this is a $20 billion one. but here's the interesting thing about tyco. based in ireland. you know what the deal with ireland. it has a much lower tax rate than here, and they're talking about a new inversion that right now is legal on the books. should it be? donald trump joined president obama say that it should not. stick around. you're watching fox business. iall across the state belthe economy is growing,day. with creative new business incentives, and the lowest taxes in decades, attracting the talent and companies of tomorrow. like in the hudson valley, with world class biotech. and on long island, where great universities are creating next generation technologies. let us help grow your company's tomorrow, today at business.ny.gov tand that's what we're doings to chat xfinity.rself, we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our

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johnson controls reportedly in advanced talks to buy tyco.he price tag could reach $20 billion. >> the big cleanup, the east coast digging out, airlines trying to get back on schedule. this after the second biggest storm in new york city history. >>> and super bowl 50 is set. broncos and panthers will take lehigh stadium. it's monday, january 25th, "worldwide exchange" begins now. >>> good morning, welcome to "worldwide exchange." on

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wisconsin based wisconsin controls and tyco in ireland planned to merge with the company in ireland. while the deal is not only for tax reasons, the move is expected to save $150 million every year. they are part of a trend businesses moving overseas and lowering the tax bill in part because the taxes are 39%, but with deductions and loopholes, few pay that rate. using inversion, they reincorporate in another country and pay that nation's lower tax rate on the income earned there. the largest inversion deal was announced last year to combine pfizer and allergan to ireland with a tax rate of 12.5%. they are not alone. there's medtronic that moved to ireland, and burger king memplged with tim horton's and became ka neighborhocanadian. so far, mergers continue. when american companies shift their legal headquarters abroad for a lower tax bill, who wins? who loses? walter issacson, president and ceo of the aspen institute. walter, thank you for being with us today. >> good to be with you, becky. >> what do you think? is this good business or greed? >> balance the question whether a corpo

tuesday. >>> hillary clinton has slammed the tax inversion aspect of the johnson controls merger with tyco as, quote, outrageous. the u.s. car battery maker will move its headquarters to ireland as part of a $16.5 billion deal. that's in a bid to save on taxes. >>> and actress kristen stewart said it makes sense that male actors make more money than female actors, saying, quote, guys make more money because their maw vovies make more mone. stewart urged women to create more opportunities, adding, go write something and go do something for yourself. >> i hope she knows all the women who stood in very difficult circumstances many, many, many years ago in order for her to be able to stand where she is today. >> that's true. it's a contentious argument. she's taking one point. we've seen actresses on the other side as well. >> absolutely. >> twitter will go wild on that one. >> absolutely. mario draghi has once again been forced to defend the bank's monetary policy. speaking in frkfurt, he said their views would continue to be discredited. he reiterated that the key role the bank has played in

. >>> wisconsin based johnson controls and tyco international announced a plan to merge with a company headquarters in ireland. they say it is not only for tax reasons the move is expected to save $150 million a year. they are part of a trend of businesses moving overseas and lowering their tax bill, in part because the u.s. corporate income tax is 39%, among the highest in the world. although with the deductions and loopholes few companies actually pay the full rate. using a technique called inversion they can reincorporate in another country and pay the there. year to combined u.s. based pharmaceutical company fooizer with allergan and moving to the tax rate the $152 billion deal is still pending and they are not alone. it includes medtronices which moved to ireland. even miami-based fast food giant burger king merged with tim hortons. when american companies shift their legal headquarters abroad and who loses? walt wither isaacson is the ceo can of the aspen institute. today. >> great to be with you, becky. >> is this good business or greed? >> i think we have to balance the questio

tyco is moving to ireland. they are leaving the country. we have major corporations leaving the country because politicians do not know what they are doing. what about people who came here illegally but they are here now? donald trump: they have to go. 50% are stopped at the border. overstay is easy to take care of. it is called management. they fly on, common, stay forever. that cannot happen. slogan, make america great. that is what is going to happen. the statement says, i am very pro-choice and i hate the concept of abortion. donald trump: exactly, why did you not read that before. excuse me. you did not read the question. -- when yourted quoted, you did not read what you just read. read it again. why did you not say when you asked the question before, that i hate the concept of abortion? no. him.ere quoting why did you not read my quote the way i said it? do not ask me questions like that. you are not a very good reporter. that is a cheap shot. you have a guy like ted cruz who is nervous as can be. he is a nervous wreck. i picked up 12

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tyco focuses on fire, security, video surveillance for commercial buildings. >> lauren: if it ties ups m&a is not tied up. >> this is a sweet day, a sweet victory, to me it's a great example of what this entire season has been like. it's -- it hasn't been easy. >> lauren: peyton manning beat long-time rival where he will face cam newton and the panthers, we will have the highlights and the weekend box office. >> i ain't afraid to die anymore. i've done it already. >> lauren: stormed to the top of the box office office to beat robert deniro as the dirty grand pea. s&p futures almost down 4. you're watching fbn:am, first look at morning markets and breaking news. ♪ ♪ >> what happened? >> we did what we had to do. >> he was buried right. >> he took him from me, you understand. he's afraid. >> more than 300 movie theaters were closed this weekend due to winter storm. that did not stop Óscar-no, Óscar-nominated the revevant. star wars to number two spot. the film has earned almost $2 billion worldwide. ride along 2. 12.9 million. and deniro dirty grandpa and the boy $11.2 million and analy

a lucky based johnson controls is combining with tyco in a multibillion-dollar deal.oth of the companies and also what it means politically. lovington. in joe why does this make sense? control comehnson to sell more. protection, monitoring -- they can add that to their bronze portfolio. standpoint,cial there is anemic growth, maybe 1% or 2%. m&a remains red-hot because you can take out cost savings and build growth through cost savings over the next couple of years. those two items combined with the tax savings out of the inversion of the three main drivers of today's -- operations in japan -- >> is about market share? gain about failing to sales in indonesia? ford, independent, they sold less than 5000 cars. you have aa, situation where the market is dominated by the japanese players. ford never put a ton of investment on the market in terms of producing locally. in japan, it is really a matter of struggling to gain market share. to beet that is expected in decline going forward. the writing was on the wall for this move for ford. ♪ ♪ welcome back to "bloomberg best.

what do you think about tyco's shareholde? >> everybody hate it is deals, kyle. another company in 2016 it's been ignoredednd hated and that's wrong. i think jci, the ceo should come on. that's a winning deal. maybe not tomorrow, but it will be. all right. my hat's off to these guys. we saw terrific quarter this is week. these all-stars are go-to names. remember, we could have down days next week. no reason to chase. this market always gives you a chance. much more "mad money" ahead. plus some of the best. ethan allen starting the yea with a strong earnings report. i will see how they redecorated the balance sht with the ceo and leles end the week with a super freaking friday edition of the lightning round. so stick with cramer! >> announcer: silicon valley where ideas changed the world. around the corner cramer is going one on one with industry leaders and entrepreneurs in a leaguef their own. with appearances by intel, under armour, paypal, fitbit and more don't miss "mad money's" invest in america countdown to kickofof all next week from cnbc's one market. che

what do you think about tyco's shareholrs? >> everybody hate it is al le. any timeompany ibung anotr y in01it's been ignored and hated and that'srong.i ink i think jci,he c should come on. th's winningl. mae notorrow, but it will be. all right. my hat's o to ese ys. ek. esall-stars argo-to names. remembwe could have down daysext week. no reason to chase thisarket alwaysives you a . much more "mad money" ahd. ethan al ethan allen starting the yea with a strong earnings rept. i willee how they redecorated d t's end the ek with a super freang friday edition of the lightning round. so stick with cramer! >> announcer: silicon valley where ideas anged the wo and with t b ge ju around the corner cramer is going e ne wh industry leaders and entrepreneurs in a league otheir own. with appearaes by intel, under armourpaypal, fitb and more don't miss "mamoney'est in america count to kickoff. all nexteek from cnbc's one market. checthis obro. what that, broheim? i switched to ge and t more. savings on car insurance? yeah b-fessor, a more. like rente iurance. mo ws to sa

johnson control is combining with tyco and a multibillion-dollar deal.eans for both companies and for politically, let's talk to jewel. -- joel. oel: it gives johnson control the ability to sell more. whether it security or protection are monitoring, they can add it to their rotten for folio. -- broadened portfolio. maybe it's 1% or 2%. m&a remains red-hot in the capital goods because you take out cost savings and build growth or cost savings over the next couple of years. those two items combined with the taxation's they will get are the main drivers of today's announcement. shut down all of its operations in japan and indonesia by the end of this year saying it is run out of options. is it about market share? gain about failing to sales in indonesia? >> certainly for ford that contributes to this decision. ford last year to cancel less than 5000 cars. they did roughly the same amount of sales in indonesia. in indonesia you have a situation where it's a market dominated by the japanese players. ford never really put a ton of investment into that market

the walkie based -- milwaukee-based johnson controls is combining with tyco in a multibillion-dollart this means for both of the companies and also what it means politically. let's bring in joe lovington. why does this make sense? >> it gives johnson control come to sell more. protection, moderate thing, they can add that to their bronze -- broadened their portfolio. from a financial standpoint, there is anemic growth, maybe 1% or 2%. m&a remains red-hot because you can take out cost savings and build growth through cost savings over the next couple of years. those two items combined with the tax savings out of the inversion of the three main drivers of today's announcement. betty: ford will shut down its operations in japan. >> is about market share? is it about failing to gain sales in indonesia? >> for ford, that contributes to this decision. for last year, and japan sold less than 5000 cars. they did roughly the same amount of sales in indonesia. in indonesia, you have a situation where the market is dominated by the japanese players. ford never put a ton of investment into that

withon controls is merging tyco to take the tech space to ireland and it's already prompting outragerail. bernie sanders calls it a disaster for america. can washington stop the deal? the -- the twitter executive carousel keeps spinning. jack dorsey aims for a turnaround. can he continue to keep the trust and morale of his employees?

presidential candidate bernie sanders is blasting the merger agreement between johnson controls and tycoonal. the vermont senator is calling the company's corporate deserters and says the deal would be a disaster for taxpayers. way: job cuts are on the over at sprint. a person familiar with the matter says the wireless carrier is reducing its workforce by 2500 people as part of a $2.5 billion cost savings plan. those jobs represent 7% of sprint's tol workforce. scarlet: twitter is losing for members of its executive team. the departures, as the social media company tries to revive growth after the stock lost half its value in 12 months. a person familiar with the matter said that twitter will add 2 new board members to guided to a turnaround. that is your bloomberg business flash. we are back with cd evening lender -- we are back with steven englander. joe: thank you for staying with us. something you pointed out, the markets implied expectation of said policy all the way out to 2022. still incredibly low. all the market is secular stagnation. what is going on here? why is the market so

are discussing a merger with tyco. this is according to people familiar with the matter.at deal may be $20 million. much.nk you very it is a european visit with hadtions lifted and john the details. what is he aiming to accomplish with the visit? six ministers with 120 to getsmen and he hopes the ball rolling with contracts. >> give me a sense of how the at times receive him. >> yes. togetherics and trade with the minister rolling out imperial red carpet and he will meet him on capitol hill and they will get dinner with a view of a roman forum. already, the + official says there will be agreements signed that are worth 17 billion euros. >> there have been close relationships between them in the past. what is in it for them this time around and what do they hope to achieve? >> italy has big ambitions and hopes to get more then what made it the biggest trading partner before the sanctions with a series of businessmen who want to attend this dinner and the officials said that you only get to go down once in your lifetime and the infrastructure and machinery, you name it and