what is the unilever shakeup? january, this announcement had been partially expected by the market after the company announced it was going to scrap its plan to relocate its headquarters to the netherlands. that announcement was seen as a precursor to this end this morning, he will be succeeded by alan jope, the head of the company's beauty and personal care business. surprise, there had been a number of internal candidates who were more favored for the job. perhapsbe interesting, a little movement on the uncertainty of brings. shares, i guess investors may have expected a takeover? lion says they will not do it. >> that's right. shares are down like, 21% in jonannesburg. the bid is off the table for the moment. the company said as a consequence, they have to cut their dividend substantially in the short-term. they are also saying heightened microeconomic conditions and a reduced amount of potential shoppers at u.k. shopping centers. matt: interesting story, could be a big hit. for automakers, if they haven't fall

unilever, the retirement.ing at his tenure. 62 years of age and he has been with unilever nearly 10 years. 1, 2009. on january bill pullman to resign. his successor has been named. this is an announcement from unilever. let's quickly look at his performance in terms of his term over at unilever. jewett is the president of one of the big divisions within unilateral according to our data. under paul polman, he beat his peers 14.7%. alan jope is to be his replacement carried that is the breaking news from the u.k. the anglo dutch producer. unilever will be in our sites. as we get more through the day in terms of how the stock opens, we could bring you back to you. going to the btp, blends and andsuries -- bunds treasuries because two little words have moved markets. are we set for a towel put? bob parker says we are overstating it. it is too dramatic to say there is a towel put. the pound marked down, the probability of rate hikes down at one stage yesterday. one rate hike, one from the united states. the fed cur

indian horlicks business to unilever for $4 billion according to "the financial times. the company has beaten out a rival bid from nestle, but a conflicting report in the times of india says switzerland's nestle could be close to reaching a deal for the horlicks division of gsk. john roundtree joins us this morning. what do we make of the reports that nestle an unilever are dismissed as market rumors >> i think if you look at the strategic sense behind it it makes sense for all the parties. horlicks is a brand that smithkline beecham had and then gsk ended up with. it's been sitting in the portfolio for a while of dpshgs gsk and doesn't fit with where they're going. >> is it profitable, though? if it's profitable, why get rid of them. >> the profitability of the consumer healthcare part of gsk has been under question for a while. they had ridena which is not strictly consumer healthcare that was sold. horlicks is profitable in india. these are profitable and wall revenue streams for gsk, but gsk is choosing to -- if the rumors are true, is choosing to divest those in ex

unilever is said to be in exclusive talks to buy -- from a drugmaker. rival bid from net -- nestle -- beaten to buy them all multi-beverage. it could come with a price tag of about $4 billion. that is your bloomberg business flash. that,thanks very much for desley humphrey in dubai with the latest on horlicks. deutsche bank mulling a shakeup in its top ranks again as regulators express frustration. a source told bloomberg the bank's chief regulatory officer and tom patrick, who runs u.s. operations, may leave the company. any final decisions have yet to be made. the reshuffle could serve as another blow to the credibility of the lender. the stock hits a record low every couple of weeks and investors worry it is being drawn into more recently danske bank's multibillion-dollar laundering scandal. joining us from frankfurt, and german banks reporter. how certain is this and where does it come from? at people getting pushed out, or people leaving because they are frustrated? >> i mean, look. as we pointed out, deutsche bank has been a focus for compliance d

the financial times reports that unilever chief executive, paul polman, will step down in january, bringing bruising fight with shareholders over moving its headquarters out of london. and the daily express suggests that government officials have been told to "hang their heads in shame" over what's been described as an ongoing "witch—hunt" against northern ireland veterans. we are going to start with something apart from brexit which is notable these days. the police to be armed in crackdown on gangs. notjust on patrol but with visible weapons. visible weapons. the anti—crime task force suggested this to the government early this year the met police now would like to send officers armed with guns to deal directly with violent criminals, the story says. i can't see this going wrong, can you? presumably this isn't more police officers, this is the same overstretched force we already have been armed. fewer than 10% of officers are trained to use weapons so presumably there will be a programme put in place. i can't help but feel this will lead to more bloodshed. shouldn't we be tackling the cau

. >> unilever is said to be in talks to buy from glaxosmithkline. from nestle with coca-cola also losing out to buy the drink. gs k's nutrition business could come with a price tag of $4 billion. that is your bloomberg business flash. nejra: thank you so much. let's focus on the u.k.. theresa may is said to have backed down in a key brexit battle with our limits. the prime minister will ditch plans to prevent lawmakers from trying to rewrite the deal when they debated next month. ours: joining us is european news director. and the cio at northern trust is still with us. a couple of lines coming through from the u.k. chancellor. spendinging government a lot of time and money on contingencies and remaining in the eu is a better outcome for the economy. these are the freshest lines on the vote for this deal on december the 11th. the arithmetic does not stack up. next on december the 11th? >> we are in the middle of this election-style campaign. she is trying to sway public opinion change that arithmetic to persuade the and he this the best deal on the

meanwhile unilever ceo is retiring after a decadet the company. paul pullman angered shareholders earlier with a pton move the headquarters to the netherlands he later abandoned that proposal. he will be replaced by the head of the beauty unit. the stock fell a fraction to $54.52. and jack in the box is exploring a sale of the com tny. accordin reuters the hamburger chain is it looking at all options afterd vein the mexico restaurants this year. potential buyersnclude private equity firms. shares rose 6% on the spandex to 88.54. >>> and game stop slashed the full yearfi p outlook despite strong sales cybermonday. they cited weakness in sales of certain titles and less demand for pro owned games. the 29.5% decline was ewtended. >> a study from the institute for women as policy research says women earnedups 49 cents for a dollar paid to a man over the same period. and a big difference from the census data of 80 cents on the dollar. welcome, heidi nice to have you >> thank you. >> the difference seems to be in the metric the census bureau hao a term

the consumer goods giant unilever is getting a change of leadership.s such as marmite and dove soap says paul polman will retire at the end of the year. it comes just two months after mr polman was forced to backtrack on a plan to move the anglo—dutch firm to a single headquarters in the netherlands. shareholders didn't want the company to lose its london listing. alanjope will be the new boss. the chinese telecoms giant huawei says it's seeking clarification from the new zealand government after it was banned from providing 56 equipment to one of the country's biggest telecoms operators. the ban is over security concerns that are shared by other countries. it comes as the financial times that germany and the uk are under renewed pressure from the united states to take similar action. the uk and us have agreed an "open skies" deal for post—brexit flights, according to the uk transport secretary chris grayling. the arrangement means airlines will continue to fly from the uk to the us after brexit as they currently do. flights between the countries curre

the financial times reports that unilever chief executive, paul polman, will step down injanuary, bringing an end to a decade running the consumer products giant, months after he lost a bruising fight with shareholders over moving its headquarters out of london. and the daily star claims rock star ozzy osbourne, who they say lost decades to booze and drugs, was nearly killed by, of all things, a manicure. we might not be looking at that story! let's look at the ft and what's happening with the former lawyer of donald trump, michael cohen. this is michael cohen, who was, for about a decade, intimately involved in the legal affairs and personal business of donald trump, admitting to having lied to congress. this is a really significant moment in the investigation, and the big revelation is that donald trump repeatedly denied that he or anybody working for him had any contact with russian officials or anyone in the kremlin during the campaign to become president. basically cohen's testimony completely refute that. so, you know, itjust shows this investigation creeping closer and closer to tru

board, it is addressing this element that the times has picked up because as stephen was saying, unileverse they said they would not engage with these companies. either terrorist material oi’ companies. either terrorist material or even places like amazon, who sell things on their sites that bombers used to make bombs and so on. they got great praise and dominic grieve was urging other can —— companies to do the same. is rather pathetic that we have policymakers and politicians basically making businesses to do their dirty work. they should be cold —— controlled by legislation, not advertising. the difference is that these are international companies and we know how difficult it is to police the internet. their argument is that their models are built on privacy, they monitor their sites properly and also that they are just platforms and it is the people that are responsible. this has real consequences, really stuck in the report that the manchester arena bomber killed 22 people, he bore the ingredients for his bomb on and is on an watch a youtube video before assembling that bomb. —— on a

already controls hindustan unilever.minent characters. the fearless girl statue has to theved from her place front of the new york stock exchange by the end of the year. the artist created the charging bull in 1989 and says having the girl faced down his work has turned the bulls power into something negative. markets are seeing some upside, australia trading up by about .9%. session highs, seeing the upside there and positivity when it comes to the nikkei as well as all futures when they get trading underway. coming up on the next hour of daybreak asia, haidi, university of chicago business professor and former fed governor randy crossnore is joining us to talk about the jay powell speech we have been talking about that put a rocket under u.s. equities, jumping the most in eight months. the japanese market open is next. this is bloomberg. ♪ haidi: good morning, i'm haidi in sydney. in the asian markets are just open for trade. ramy: and good evening from bloomberg global headquarters in new york. in hong kong, welcome t

its members include companies like visa and master card global corporations like agent and unilever and gap and mainly interested in one thing making a profit initiative is also supported by numerous governments and foundations including data vi kristoff founder bill gates better than cash alliance wants to see people around the world living in cashless society. having the option to pay by card or mobile phone is so good think brett scott believes that too but he has a bigger problem with movements like the better than cash alliance. of course it's a good thing if you can have new options with payments and new ways to do things so i have no problem with people getting digital payments methods when they've already been forced to use cash before but that's a very different thing to saying they shouldn't be allowed to use cash or what i like that they have the option to use both of them. but actually what a lot of people are better than cash alliance and so on they're not arguing that that's they're not just saying that digital payments a good thing they're saying we should also get real.

skoal struggled with declines in tobacco users, mainly smokers >>> also happening this morning unilever'spaul polman stepping down. he will be replaced by alan jope the company says the transition will happen over the next six months >>> if you own disney stock you will be getting a little more cash we say that because disney upping its dividend to 4 cents not helping the stock, down a bit. >>> box shares are up sharply after the company reported a narrower than expected quarterly loss box shares on the rise company also beat revenue expectations >>> veeva systems topping results, raising guidance for the current quarter. that stock is up more than 7% in the premarket. >>> still ahead, a housing check on deck. the real estate market just did something it has not done in nearly 20 years. what is that you have to stick around to find out. >>> the countdown is on. brexit now just four months away what's at stake for the uk and at at stake for you when "worldwide exchange" returns for your heart... your joints... or your digestion... so why wouldn't you take something for the most important p

vulnerable, if they are known to have stabbed the prime minister in the back, if you like, by putting unilevere end. so there isa carried through to the end. so there is a lot of mystery and false facts about exactly how many there are. but if the 48 letters or e—mails are received by graham brady, he will, in as faras, received by graham brady, he will, in as far as, you know, trigger the no—confidence vote in the prime minister. i have a lot of questions for you, i minister. i have a lot of questions foryou, iam minister. i have a lot of questions for you, i am going to pepper you with them. how quickly does he have do receive them before they reach their use by date? they don't have a use by date, if somebody has a change of heart, they can get their letter back will stop so, once you sendin letter back will stop so, once you send in the letter, it is live for as long as that prime minister is under threat. if theresa may is super—confident, what is to stop her from sending in a letter about herself into graham brady? laughter well... that is a fascinating question! never been asked before.

the screen it may look from the ftse 100 like the uk is outperforming, but it is being flatted by unileverr bp if you go to the smaller cap, it tells the yooik story of the brexit headlines down close to 2% today, close to 1% in the last week. of the big caps, plenty of names are suffering. banks in particular. barclays and lloyds. property names like bovis homes is down 8% back to europe certain names suffering there, banks included in that list. deutsche bank down 1.5%. companies with big exports to the uk like bmw, down a percent. and ryanair, they're down close to 7 or 8% how big are these falls today? quick look at the british pound, year to date chart it is down 11% from the 52 week highs in april right near the 52 week low which was 126. prime minister has a press conference at midday. >> we'll be watching that. thank you. >>> after the break, a closer look at faang stocks as the nasdaq turns higher. >>> first, delay, deny, deflect. more on the "new york times" investigation into the facebook crisis period. a lot more "squawk alley" still to com e. whooo! want to get a move on your

. >>> paul polman retires after 20 years at the helm of unilever. >>> and eu brexit chief negotiator michel barnier says theresa may's deal is the only one possible as the bank of england warns crashing out of europe could see the uk sink into a recession worse than the final crisis >>> while we're discussing everyone's favorite subject, theresa may is facing some questioning. let's listen in. >> i feel it's the right deal for the united kingdom >> you also told the house of commons on the 15th of november that if we, the house, don't vote for your deal, there's a risk of no brexit at all could you tell us why you said that and how that could happen >> i said that because some members of the house of commons clearly from their statements to me and other comments they've been making wish to ensure we don't leave the european union there may be various ways people wish to do that, but that, i think, this is -- we're at a point where we have negotiated a deal that people thought we would never be able to negotiate. we negotiated a good deal for the united kingdom there is a clear choice

por ahora, ya lo saben, se llevan una canasta cortesÍa de unilever.

shares in unilever down.nissan and mitsubishi let out carlos ghosn. $80 million, lots to discuss in the story, back to you. maria: a lot to discuss because we continue to see carlos goshn in jail outside of tokyo and we still don't have any official charges from the tokyo government, the japanese government, i don't understand this, i question this on twitter yesterday the other day, what judicial system throws you in detention and then decides what to charge you with. >> a lot of people looking at this is shocked, this is not communist china, this is japan, modernized democracy, thrown in jail, not able to consult with a lawyer before getting interrogated and not having lawyer present and this is a guy who achieved a lot of great results for the company. maria: he was icon in japan at one point. >> we will see, maybe they really have the goods on him. maria: we will see. >> a question of deferred compensation and whether it was -- whether it was adequately disclosed or not -- maria: or is this political. wit

unilever on the new year's day.e is the head of the beauty and personal care division and used to run the company's china operations. the world's largest automaker alliance will continue despite the arrest of carlos ghosn. renault come in nissan, and mitsubishi have reaffirmed a deep commitment to the lines. arrest hasn's exposed divisions between nissan and no. china's experiment with peer-to-peer lending is heading for a painful and. authorities plan to cloak more platforms because of an increase in the faults, fraud, and investor anger. the mood suggests china is not done clamping down on the shadow banking industry. that is your bloomberg business flash. alix: oil getting rocked by russia wti below $50 for the first time in more than the year. vladimir putin said $60 will be just fine. joining us now is our chief energy correspondent. about g20 and three men deciding the fate of oil. >> we have opec meeting next week, but you are right. it will be decided in buenos aires. we are expecting a meeting between vladi

for this company to do a deal everybody has been waiting for it to happen they try today go off unilever the top line growth especially different environment with the commodities. you'll have investors. this stock is the only one that has done worse than campbell's soup >> of course you did see that actually >> that wasn't pretty either >> you have a real separation between food, packaged food and oir -- >> i thought you had -- >> and that's true >> kiln you, is flat the new good in food >> no. there is growth happening in food it depend on the company's strategies if you look at some of these other companies you have seen growth and those that are able to pass on the price increases has been the key who is passing it on successfully and who has got a good turn around plan in place >> and who believes the brand? everybody goes for healthier stuff. people can't get through this. they think of that can that's not very healthy as far as a stigma they are trying to see which one survives and which one doesn't >> part of that portfolio and you wonder about the model, the private equity. >> su

. >> they rely on acquisitions we talked about it a long time after the unilever deal, as opposed tout. >> trying to grow again. >> awesome sales growth. worst performing food stock. as we head to break, and that's for the year look at the market s&p 500 dipping into negative territory. do autwnbo a third of 1% do autwnbo a third of 1% we'll be right back. ♪ do autwnbo a third of 1% we'll be right back. ♪ ♪ ♪ ♪ comfort. what we deliver by delivering. betty called me at she thought it was a fire. it was worse. a sinkhole opened up under our museum. eight priceless corvettes had plunged into it. chubb was there within hours. they helped make sure it was safe. we had everyone we needed to get our museum back up and running, and we opened the next day. unstopand it's strengthenedting place, the by xfi pods,gateway. which plug in to extend the wifi even farther, past anything that stands in its way. ...well almost anything. leave no room behind with xfi pods. simple. easy. awesome. click or visit a retail store today. >>> welcome back to "squawk on the street." i am dominic chu stocks los

we did see paul of unilever step down.as frankfurt prosecutors say the company's headquarters are being searched in a money-laundering probe. the bank has confirmed that police are investigating at several german locations in relation to panama papers and say it is fully cooperating with investigators. in the last hour, we saw the headlines and images of police cars. what do we know right now? elisa: we know it is not danske bank, it is that cannot papers, which we haven't heard much about. hasn't been much of an update in terms of what the regulators across the world were looking at. some hadt the time opened their own investigations. francine: how bad is this for the chief executive? do we know -- i imagine this was before his watch, but could implicate him? it joseph with legacy issues at a time in which he really needs to focus on growing the top line again. at the very least, he is going to be picking up more of what they would like, but i guess we will hear more about what the prosecutors are finding and focusing on.