gsk is selling its indian subsidiary or, rather, merging it into hindu unilever in a transaction that will add to unilever's consumer portfolio in south asia and bring in a horlicks brand which is a malted milk beverage which is popular in india and will add to the emerging market where unilever is the largest the next deal we're expecting to be announced in hours when the u.s. market begins. >> low interest rates are kind of the gasoline, harash, on the deal making fire if you can't get returns one way, you'll go somewhere else. we're seeing interest rates come up a bit there's talk of slowdowns. any indication that the deal market in the beginning of next year is going to slow down >> interest rates have definitely played a major role in deal making the availability of key leverage

currently, jung sits on the boards of apple and unilever. she has taken on a new challenge. chosen to be ceo of grameen america, where she has distributed $750 million in microloans to nearly 100,000 less fortunate women, continuing her quest to ensure women have every opportunity to succeed and lead. on "bloomberg big decisions," andrea jung. andrea jung, welcome to "bloomberg big decisions." great to have you here. great to be here with you, david. david: you spent much of your career in consumer retail. what drew you to that? andrea: it is an interesting thing. i got out of college. i thought i wanted to be a journalist. that did not pan out. i went into a training program in merchandising at bloomingdale's in those days and worked my way up, and had a passion for brands, merchandising, and that led me through a pretty long career all the way up to avon. david: having spent time at senior levels, what intrigued you, made it interesting to work that long and hard? andrea: it came together when i got to avon and i joined the marketing and merchandising role in the north ame

unilever has acquired gsk's business for 4.6 billion uros.onsumer group will acquire gsk's health group and drinks it is a month long process which saw interest from coca-cola and nestle as well meanwhile, manuel macron asked its leaders to hold talks with protesters protests originally began as a backlash against fuel tax hikes turned violent they torched dozens of cars, looted shops and did some vandalism. they have not addressed the nation speaking on saturday before leaving the g20 summit in argentina, macron said he will always respect people protest but never violence >> translator: justify attacks on police or hurting stores, burning public or private buildings, threatening passengers buy, those responsible for violence don't want change, don't want improvement, they want chaos they betray the causes they say they want to protect and they will be identified and will be held responsible for their actions. >> julianna, this is a president who has seen a big drop in terms of popularity, 25, 26% yet his approach has been very hard line so

gsk is selling its indian subsidiary or, rather, merging it into hindu unilever in a transaction thatolio in south asia and bring in a horlicks brand which is a malted milk beverage which is popular in india and will add to the emerging market where unilever is the largest the next deal we're expecting to be announced in hours when the u.s. market begins. >> low interest rates are kind of the gasoline, harash, on the deal making fire if you can't get returns one way, you'll go somewhere else. we're seeing interest rates come up a bit there's talk of slowdowns. any indication that the deal market in the beginning of next year is going to slow down >> interest rates have definitely played a major role in deal making the availability of key leverage has made that incremental deal that larger companies have sought to do a bit easier. as interest rates go up that complicates the mass of it and takes the risk taking dynamic out of it. companies do deals for a bunch of reasons one of the things that's been driving them is the relatively open nature of markets for the last few years that's st

unilever will use cash and shares of its -- to take control.pharmaceuticals secured a loan of $4 billion for international cooperation. wrapping up the refinancing of a bridge loan to buy a london listed shire. in pursuit of shire, it is valued at $62 billion. looking at what is going on for japanese equity heading toward lunch break. talking about the move to the downside. dollar weakness leading to the yen. ¥113. 1.1% decline. yields are pretty much unchanged. see if we can get out of the ongoing saga of alps electric trying to kill -- trying to take over alpine electronics. away says has been tortured by elliott's management. there is a fear management will not support them as they try to stop the merger from happening. it looks as if the deal is up slipping away from oasis. company downgraded. kobe, still a downgrade. carmakers, a new some story. -- nissan story. the former chairman is facing every arrest next week according to reports in japanese newspapers. toyota is also lower. honda had a fall of 9.5% in terms of sale in the u.s.. midte

unilever. union. league likud. put it. this is the news line from berlin dozens of opposition candidates all out of the general election in bangladesh after allegations of vote bringing ortiz to say they're investigating complaints nationwide phylis has also barred the vote which despite a heavy security presence results are expected to show another win for prime minister shaking the scene and also coming up.

mainly for the domestic market when the facility belonged to unilever the director made three hundred twenty thousand euros a year now all the owner workers make about two thousand a month that's less than when they work for. but at least it's their enterprise and they make decisions together. the internal structure may be radical but the company still has to hold its own within a system that's resolutely capitalist. i didn't think it would be so hard to run a co-op it's a struggle to survive because of the big supermarket chains you always have to fight them over prices already. explored people used to go to ca. that. we have to develop products and make them and once we deliver it still takes two months to get paid. so we have a liquidity problem. we need working capital so we can fill our orders. with one and a half to two million euro but the banks won't lend us any money it's ard. the company is operating at a loss they're using up their reserves and depend on donations. some of the collective owners are worn out the struggle is proving too much for them but most still believe th

the factory used to belong to the multinational unilever in twenty decided to close the plant and shift production to poland the workers protested and occupied the facility for three years the case went to court several rulings later the corporation had to hand the factory over to the workers and they got a twenty million euro payout. i'm so proud we could set up this co-operative. through multinational. human beings real people. mainly for the domestic market when the facility belong to the director made three hundred twenty thousand euros a year now all the owner workers make about two thousand a month that's less than when they work. but at least it's their enterprise and they make decisions together. the internal structure may be radical but the company still has to hold its own within a system that's resolutely capitalist. i didn't think it would be so hard to run a co-op it's a struggle to survive because of the big supermarket chains you always have to fight them over prices. patients for exploited people. to go. it's expected that. we have to develop products and make them and o

unilever is expanding its presence in the world's fastest-growing economy.laxo india, for $3.8 billion in stock. nestle had showed interest in acquiring glaxo india before. there was a big takeover in the u.s. industry. nexstar has agreed to buy tribune. the deal would create the largest owner of local tv stations. they next iphone will not be able to connect to networks. untilplans to hold off 2020 two injured his phones that can use five g networks. it may make it easier for rivals to win over customers. apple did the same thing with 3g and 4g, waiting until problems were resolved. francine: thank you so much. jonathan fenby and bill priest back with us. jonathan, you are an expert on china. you know firms like not many people do. vest protests are challenging president macron and have exposed this rift. how does this end? can the president control these? john: it is difficult. what you have got is a broad search of unhappiness -- surge of unhappiness. on top of it, a small group of violent protesters who you can see in paris were ransacking shops and runn

our international news center in moscow this is our senior warm welcome to the program my name's unilever. we begin this hour with news in from westminster where it looks like the british prime minister is set to postpone choose these crucial parliamentary vote on her much maligned briggs's plan opposition leader jeremy corbyn has joined all name cabinet sources saying treason may is not going to risk what looks increasingly like a humiliating defeat. to london to polly boyko polly we will know for sure of course when the pm addresses parliament later this hour but the rumors have been still bawling happily. and it looks like she's going to be revealing something that everybody knows already thanks to a number of thoughts is saying that the vote is going to be perspire and after an emergency cabinet phone call that she had with her closest ministers a bit earlier on today and it is a pretty drastic ministers have been trying to persuade her to call off over other perspire in this vote as early as last week around this time last week but up until this morning the message from downing stree

will struggle in the uncertainties we face, and the global businesses, the likes of day ajio and unileverency and who i believe are well placed in a global context to do well. —— the likes of diegeojunor leader. context to do well. —— the likes of diegeo junor leader. we will be sort of on track if we get a fourth—quarter figure of around 1.3% over the year, that will be the worst figure since the recession? the uk economy has a deficit as household level, at government level and corporate level and a current account deficit meaning we import more than we export. none of that is a recipe of good news for the uk economy and i put it down to the compositional problem that we do not make enough to sell, but will have to be changed radically over a period of time. and things may only get worse. nice to see you, james. james will be back to talk about some of the other stories, including ba rclays is launching some of the other stories, including barclays is launching an app for your credit or debit card that will turn up certain types of spending, so if you can't resist going to the bookies o

acquisitions or indeed noncore divestments, is another announcement we made recently, divestments to unileverd that number one priority in terms of capital allocation was to invest in our pharma pipeline organically and in organically, but my first priority is to execute with excellence around the deals we have announced. we will supplement that with in licensing and out licensing over the years ahead. wallssk ceo and the talking to us earlier -- emma wolseley talking to us earlier. let's get a business/. tor has lost their bid overturn the ruling that allows drivers to get minimum wage and holiday pay. it is the third time uber has lost in its lawsuit. domestic softbank's office fell more than 14% on their first day of trading. softbank and its underwriters stuck to their plan of having a price for the offering rather than a range, despite the global equity selloff in the japan wide network outage. investment bankers in asia are bailing on deutsche bank. dealmakers in hong kong and singapore have been prompted to leave. they have hired about 35 replacement so far. that is the latest business

so clearly walking through the doors and you are greeted by the big, global brands of the world, unileverwith a lovely ta blecloth one metre square store with a lovely tablecloth and at that time, handmade bottles of the original beetroot ketchup. that is what fascinates me, if someone said to you, come up with a new business idea, find a niche, something no one else has done before, this is the most crowded market you could have chosen, dominated by some absolutely huge places got the money, the marketing budget and shelf space to compete. why go into this market?- that time, it was more a proof of concept and when we got there, we had no expectations of what it could do. but what we realised was that three hours into the show, we were the talk of the show because it was unique. no one had ever thought of using a superfood is the fundamental basis to the ketchup, something that we created which was a lot lower in sugar, had natural ingredients, no artificial ingredients, and it tasted better than what was in the market. when you say it tastes better, who is tasting for you? my boys absol

paul: unilever has agreed to indian consumer business for 3.8 billion dollars. its presence in the emerging markets that account for about point two thirds -- that account for two thirds. the two companies fell in london and amsterdam respectively. shery: this company is said to be missing -- offering an iphone that can connect to the next generation of high-speed services. in the past, apple has been proven correct in saying new networks and the first versions of rival devices would ring problems such as only sporadic coverage and hesitant performance. qatar has rocked the oil world by deciding to quit opec. has decided to focus more fully on gas. bloomberg asian energy editor aaron clark joins us now. is this a sign that the group's unit is crumbling? aaron: it's interesting. qatar said yesterday that they plan to leave opec. they cited technical reasons and said they want to focus on natural gas production rather than oil. to some extent, that is valid. their oil production is very small. i think they are opec's 11 th largest producer. they are the world's la

its members include companies like visa and master card global corporations like h n n unilever and gap and mainly interested in one thing making a profit initiative is also supported by numerous governments and foundations including that of my kristoff founder bill gates the better than cash alliance wants to see people around the world living in cashless society. having beyond to pay by card or mobile phone is a good thing that 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 for 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 as 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 rich. of cas

nestle is racing against unilever and new entrants, beyond meat, to find products that resonate withmers. u.s. cannabis retailer green growth brands planning to launch a hostile bid for aphria. the bid would value the canadian marijuana grower at $2.1 billion. earlier this month, the canadian company saw its share price almost halve in two days, after short-sellers alleged it paid inflated prices for assets held by insiders. aphria denied wrongdoing. instagram redesigned its platform for horizontal scrolling. the update forced app users to swipe left and right instead of scrolling vertically. you can imagine what happens. complaints. the app quickly reverted to its original feature. it says the redesign was a test that went wide by accident. that is the business flash. francine: thank you. economy slowed for a seventh straight month in december, following indicators on business conditions and market sentiment. turn ratingis to and risks are heading for a weaker 2019. private firms are failing to boost growth. with us, diana amoa and kit juckes. what do you do with china in 2019? is i

unilever, a consumer name down. bp an oil company is down. you're able to see the rising stocks, glaxosmithkline and astrazeneca. liz, back to you. liz: gerri, thank you. gang you can forgive the bears, if you thought it was their time, the last couple sessions between today and yesterday, have given them muscle flexing. neil hennessey and. neil, you really feel these near-death experiences on a fairly regular basis lately don't give the bears anymore power. why in. >> liz, it absolutely doesn't. this is our 20th correction since 2010. with 15 of them being between five and 10%. and then five between 10 and 16%. it is just a correction because, just step back, liz, everybody is talking, well, there is going to be a recession or this is the longest bull market. this is not the longest bull market i've been in 39 years i've been in the business. go back to 1982 to 2000. that was a huge bull market, when the market was up each and every year, with the exception of 1990 with the exception of 1990 it was down one-half%. liz, is unemployment low? y

they are racing against unilever by the on to meet, backed bill gates and letter to cap real. all stock a bid would value the canadian marijuana grower at $2.1 billion. canadianhis month, the company saw the share price half in two days. they deny any wrongdoing. instagram redesigned its platform for horizontal scrolling and the plan immediately went sideways. struck a barrage of complaints. the facebook owned app reverted to its original feature, saying the redesign was a small test that went wide by accident. matt: thanks. government u.s. shutdown is set to continue into 2019 after house republicans said they did not plan to schedule votes today. toprogress toward a plan fund the government departments closed right now. jodi schneider joins us from hong kong. president once the yer to fund his order wall. >> that is what it looks like at this point. the president says he needs the full $5 billion for the wall. without votes in the coming days, the issue will go into team. democrats have called it wasteful and inefficient. right now, it is a classic standoff. there does not a

unilever home depot the home initiative with sap helps customers do more with their data getting support opinion and the acquisition of marcato which he says widens the lead in customer experience management in all industries our own jim cranium her sat down with him and asked about the key revenue drivers. take a listen. >> i think we're absolutely in the sweet spot of two massive shifts happening creativitity has never been important. and when you think about creative cloud, to your point we drove 19.45 billion of net new annualized revenue in the year, a record for us. what when you think about digital transformation in every enterprise trying to engage customers, that grew dramatically. >> so for much more of the interview check in tonight on "mad money" where jim cramer talked to the ceo about this report i'm sure more. back to you. >> josh, thanks. josh san francisco. dan is bearish on the stock. >> on valuation. and i think one of the things that i think is shone over the last month look at workday and salesforce and results by adobe he said it there every enterprise is doing the

unilever. 20 years, we have been talking to one another. wages are at a 10 year high.'t physically see it. this is an economy turning tighter and tighter. wages are at a 10 year high. unemployment, just shy of the lowest rate since 1975. what does this data, actual data to you about investing in the u.k.? investment data in the u.k. says britain suffers from the deficit at government level, household level. and at the trade level. not an economy that can grow fast. if there is a change of government, mr. corbyn has made clear when it comes to utilities. staying with me. gesture., an eu peace take a look at where they are trading. we saw the yields drop significantly. it holds below that, to 97. work,ou are traveling to tune in to bloomberg radio when you have to step away. i will be joining you there from 8:00 a.m. u.k. time. u.k. time. have a ministry of commerce briefing going on in china. what rhetoric does to markets. global markets on the up. we are binge watching trade tensions. target -- china delaying targets. the mood music is shifting. from the live pictures

rivalre racing against unilever and new entrants like beyond meet.ernatives resonate with consumers. the u.s. cannabis company takeover ofhostile the canadian company. earlier this month, the canadian company saw the share price half in two days when share holders aphria denies wrongdoing. instagram redesigned its platform for horizontals rolling and it went sideways. sparked a barrage of complaints. they quickly reverted to original features. they said it was a small test of that went wide by accident. end of thes a gloomy year for european investors. your stoxx 50-- bear territory. the euro has risen against the dollar on the back of a stock in -- slump in stock and oil prices. the fx strategy us. futures going into a bear market, is that unfairly pricing the growth picture? >> if you look at where the problems are in the world, the u.s. has had a great year. place,started in a goldilocks. it was synchronized with what the u.s. was doing. suddenly, we had a problem in china. a crackdown on shadow banking. quality standards in europe. blocks, one of

alright, so that's the story on unilever and horlick's, which is a drink, by the way.ork across paris after the riots as emmanuel macron returned from argentina and held an emergency cabinet meeting. saturday's yellow vest protests saw 412 arrests. 133 were wounded, including 23 among security forces, according to the paris police. steven saywell is a still with us. steven, i'm not going to ask you to comment directly on the protests, but certainly macron has sacrificed popularity to get these kind of policies through. for example, he's concerned about the environment, but maybe not as concerned about the average working person in paris that needs to get to work. do you see him continuing to push with his reforms, or does he turn tail and run back?/ steven: ok, great question. president macron was elected on a program of significant reform of the french economy. this is something that markets we think took very positively at the time. however, our view about equity strategy, is that these reforms and the upside potential for the french economy aren't fully priced into

unilever is trying to find alternative foods that resonate with younger, healthier consumers.s reaching $1 billion within 10 years. deadline day for tesla. the sec has told the carmaker to add 2 independent directors by today. this will include setting up a board committee and a lawyer to ts.rsee elon musk's twee alix: defensive stocks outperformed peers into thousand 18 amid the turmoil. the status is not likely to hold. -- in 2018. this shows the recent rotation is relative to 2015 market bottoms. do you see a shift in utilities as signs of a bottom and a turn? >> at looked that way when you had, markets look like they did in 2016. one of the things that makes us cautious is valuation of things levelsilities, valuation as high as it has been relative to market in a long time. within utilities, there are valuations to be had. utilities are trading premium to b to market. exxon is one, 1314 times earnings, utilities are steeper. you have a story. they have been de-risking, moving away from the merchant power business, becoming more of a pure play regulator and utility. point,

been doing a lot of to re-shape the portfolio through acquisitions or noncall , a divestment for unilever. the number one priority in terms of capital allocation organically and in organically, with excellence around the deals of the next few weeks, but we will supplement that with in and out licensing in the years ahead. >> i wonder if the amazon foray into this is more part of the calculus when it comes to consumer health. emma: it's a good point and there are no questions that in termsn every sense of market brands or distribution, or indeed the way that we operate the company for all of us in all industry, is incredibly important factor. the consumer health care business, which i used to run before taking over, has been in e-commerce and consumer health is a much smaller percentage than today. today it is a much smaller percentage. we do have this strong growth in markets like the u.s. and china of course. one of the exciting things is the strength of the business in vitamins, in china and e-commerce. themthe way that we market very directly with the big tech media. how it willdent ke

we know that vegetarianism and veganism has been increasing and unilever, the global brand, has takenoes that work? we are all confused. they make things out of plans that have the same taste and structure of meat. the products are sold in 17 countries. why has of egan butcher got blood on his apron? it's carrot juice. —— vegan butcher. got blood on his apron? it's carrot juice. -- vegan butcher. for a global brand company like that to ta ke global brand company like that to take it on means it must be catching. the whole idea of the link to the environment. that's the thinking. the impact on your carbon footprint if you're a big meat eater. they are talking about the sport. i tell you who's been helping the high—street, jose mourinho. sport. i tell you who's been helping the high-street, jose mourinho. he was out spotted with the shopping bag. his replacement in the caretaker role, {50,000,000 to spend 4 ole gunnar solskjaer, a lot of money to give someone who might only be there until the end of the season. doesn't really necessarily work. jose mourinho spent nearly {400,000,000 and

unilever got about me! all about me. xherdan shaqiri, came on as a sub and helped liverpool beat manchester united 3—1 yesterday. can you see the shot ofjose mourinho's face at the shot ofjose mourinho's face at the bottom? teeny tiny, that sums up their position at the moment, his and manchester united's. lots of the papers this morning with analysis about what's going on with him and manchester united. he was full of praise and said robertson was unbelievable. couldn't take their eyes off them. is that part of his tactic for talking up the opposition? i don't know. it's not always tactics. it is with mourinho. does he just say what he thinks? i don't know. something you might have missed yesterday in all the fuss, brilliant picture, thatis all the fuss, brilliant picture, that is how fast they were going. katie archibald and laura kenny winning gold in the women's madison at the track cycling world championships last night. orjust a really bad picture! i think it's just a really good picture! it's the sor