buy some vantiv.uch more "mad money" ahead, including my take on one set of stocks air space has been on the run. is it your chance to hop on board? and then herman miller has been sitting pretty after last week's earnings, but can the company's rise continue? i have the exclusive with the ceo. and the call that was just made on netflix that is down right insane don't miss this. stick with cramer. >>> on a traffic day for the averages, it's worth remembering that this rally is based on very strong, very sustained bull markets in individual sectors. take aerospace it's been roaring for some time now. remember when everyone was writing off the stock of boeing in december? after then president-elect trump came after them in a tweet about the cost of the new air force one? well, boeing's stock has run up more than 35% since then and it's rallied nearly 60% over the past 12 months 60% for a big cap stock like this it's been a fabulous leader for the aerospace group. now it's enkoirnlting whcounter quality

vantiv here is -- is here and worldpay is in britain. >> you can look at that in two ways, vantiv doesany synergies out of this because they're looking at a company based in the u.k. the idea is that this is a bet on payments processing as an industry. chart, revenue a from payments processing is growing every year and expected to keep growing as mobile payments expecting to expand a double teaser rates through 2020. because it is a broad, you do not do -- you do not see too many synergies. in u.s. -- on the right-hand side, you can see even by region -- ebditda by reason coming from global commerce. there may be some overlap potentially you could see vantiv . vonnie: this may be about running the business overall and there's plenty of merchants to be had, in europe. what about paypal, could they be a better -- bidder? is downbt it, worldpay quite a bit in part because not only jpmorgan but the market assumes there will be no other bidder. your point is well taken, there are not a lot of players in scale in the u.s. let, if you are going to do anything, you need to go overseas. involve

worldpay and vantive as you say a spin from fifth third. >> i looked at vantive and said geez, that wasg the bad old days they spun it off. it's been terrific >> reminder, too, of how few $10 billion mergers we've had in this country so far this year. >> i know. >> i think that a lot of deals are, you know, kind of -- i try to bring them up and you say jim, that was something that no one has thought of other than you and maybe the ceo of one of the two. >> well you keep trying. not both >> i try. >> you keep trying. >> i'm recharged from italy so you have to be careful. >> i'm sure you have your long list of potential deals. >> david, you're going to completely overlooking this rather remarkable deal with monogram residential, i think the symbol indicates we should talk more about it. >> that was gray star growth and income buying monogram residential. >> real estate investment trust. >> $12 a share of more >> that's a good symbol by the way. >> it's going to be retired. i would like to have that for my personal symbol. i've got nvidia as my symbol and that's going to come back -- >> yo

vantiv shares dropped on that acquisition. all foods uses vantiv to process their payments.lthough they are not mentioned in the annual report of vantiv, you saw shares drop about 4% on the day of that deal. what if amazon says, we will stick with our existing payment structure, get rid of vantiv, and use our payments processor, which is none other than jpmorgan? it is a competitive space here. you can see that with the m&a old-line with the payment and processing companies trying to buy the new-line companies. also, the new-line e-commerce companies are kingmakers, particularly amazon. emily: interesting. we saw another deal in europe. -- paymentspany company saying it was being i'd vc's atby american the moment. is it your view that m&a might be the exit route? i thinkthink -- martin: we would like these companies to brazil -- fulfill their potential. they can become public and ipo at some point. some of them have a very large footprint. they don't really need a backer to grow all the way. that's been the pitch from the get-go. that's very much what we are focusing on. car

vantiv shares dropped on that acquisition. they use vantiv to do their transactions.hey are not mentioned in the report. one of amazon said we are going to stick with the existing payment structure. we'll use our payment processor which is j.p. morgan. the competitive space here is quite alive, and you can see that the m&a going out, they are trying to buy the new company with the notion that the e-commerce companies are kingmakers, none more so than amazon. caroline: it's interesting, we saw another deal in europe, a danish company saying it was being eyed up by americans. what about the company having your port folio, good m&a be the exit route? >> we would like for this to see potential in be as big as it can be. we feel europe can build these $10 billion companies that can stand alone. they can become public ipo at some point. some of them have a technological advantage. they have a very large footprint. they don't need a backer to go all the way. that has been the pitch from the get-go. that is very much what we're focusing on. caroline: that was cory johnson and

vantiv actually trades on the new york stock exchange.a bid for worldpay. why is it so attractive? here is the thing, mobile payments, payment systems, this is the new big thing. more and more people are moving away from using cash and they are using cards but more often now what really people want to do is they want to be able to use their phones and that is really what this is all about. gaining some dominance in the mobile payments fear. there are lots of competitors. there is paypal, other kinds of competitors. apple. it is a really competitive market. so to really competitive market. so to really become more global i mean, thatis really become more global i mean, that is really the goal for these kind of companies. vantiv while trying to get into the uk. can you tell us more about that company. we have not really heard about them. there were two companies that were vying for worldpay originally. jp morgan was somewhat interested but they later said they are not interested. and then vantiv came out and said they were definitely intere

rival vantiv. they offered worldpay at $10 billion.he company has been approached by both vantiv and jpmorgan chase about a possible buyout. shares are down 9% adidas up sharply after being upgraded to buy from whole on hsbc the new management team's ability to show the long-term strategy is showing up them 18% year to date >>> in berlin, german chancellor a angela merkel met with xi gin jinping. she called it a good opportunity to expand communication between the two countries. she would like to see quick signing of an investment treat did to lead to a full trade agreement with china merkel says she stands by her earlier suggestion that europe can no longer entirely rely on the united states. this, of course, as president trump gets ready to attend the g20 meeting. guys, back to you. >>> all right, thank you, seema. meanwhile, move over alexa, perhaps alibaba has its own home speaker. and it's going to take on amazon, google and eventually apple and samsung when they come to market. deirdre bosa has the details. >> in english it's cal

we see vantiv and world pay today -- it has been speeding up this year.is there anyone left who is being eyed as a potential target? >> not so much. as the big get bigger, they are hard to acquire. there is no a big gap between the little guys and the big guys. thus there is now a big gap between the little guys and the big guys. julia: jpmorgan was in the loop as well. the stock price rallied and jpmorgan came out and said we are not interested. there was confusion. what happened there? >> jpmorgan today announced they will not be bidding after seeing the offer from vantiv. jpmorgan would be a bit of a threat. they are already the world's largest acquirer by payments volume. this would give them even more scale internationally. they really big and e-commerce. -- they are really big in e-commerce. they may be shaking in their boots of it -- a bit. this something is amazon will hand payments for whole foods over to jpmorgan. >> vantiv is getting hit on both sides here. first, the general move to e-commerce, they don't do a lot of e-commerce right now. they

reports say vantiv was about to announce world pay they've been approached by vantiv and jpmorgan chasevolvo is planning to make only electric cars or hybrid cars as gas is below $2 a gallon july fourth. anyway by 2019 they're going to do that and doing so would be the first traditional automaker to phase out completely internal combustion engine vehicles got to love their timing as well we'll see. i don't know i think it's -- you know, the grid is not always the cleanest place necessarily -- >> it still needs coal or nat gas, right, to run the grid? >> yeah, you do. >> so you're charging your car >> right >> you're still a consumer indirectly >> i have a feeling that we won't have any boeing electric powered jets any time soon, either so we should at least still have the capability did >> but battery -- the battery technology has not caught up to that, that's for sure. >> no. we don't want to shut down all the hydro carbon development i know it sounds good and all. but, volvo >> we are just dayses away from the labor department's june jobs report joining us now to talk jobs in america

we are calling it the amazon effect because when amazon but fell foods, vantiv shares as they had alltions for whole foods and a lot of their business comes from brick-and-mortar retailers and they are feeling the pinch from online giants like amazon. mark: why the jpmorgan walk away , what is this conflict of interest talk? >> they goes to the heart of how u.k. companies do business, they have corporate brokers, something you do not see in the u.s. a corporate broker is your bank, which advises you, they are on the register. they are typically supposed to defend the company, and now you have the situation are you are supposed to defend the company but also your parent business is making a potential bid for the company. i think the market thought jpmorgan would stay in there and that is why the shares have fallen as much as they did today on the back of a bid. vonnie: it is the perfect beenny for vantiv who has looking for something international and well experienced in making acquisitions. this is perfectly placed and sterling is way cheaper than it was. >> yes, it is a great time to

that's why you see vantiv making this move.aroline: they have one of the biggest portfolios out there in your. isn't all about the graduation of payments? >> that's a big part of the story. there is a big market and it's growing fast as we go from cash to card and online. the story is very much a part of that move. 40% of transactions are online, it's very much part of the dna. they have a very big global presence in asia. that is part of the story. this had been focused on more traditional brick-and-mortar. that had been under attack under more online. one way to do that is to have the main one being commodity based in holland. it is very much plane on the same strengths of a new global footprint and offering an omni channel offering online. that has been very important to us. caroline: it's interesting that this is the key move and we are hearing of a portfolio company, what about other m&a? interestingly, it wasn't the only suited to begin with. jpmorgan was looking at it. cory: there have been a number of acquisitions in th

two weeks ago, worldpay agreed to be bought by american giant vantiv for £9 billion.to pay £2.9 billion for it. and paysafe itself said it was offering $470 million to buy the us company merchants choice. let's have a look at the markets, the ftse100 in let's have a look at the markets, the ftse 100 in the green let's have a look at the markets, the ftse100 in the green helped by those vodafone shares. that is it from me. i will be back in an hour. the canadian pop star justin bieber has been banned from performing in china. the news came in a statement from the beijing culture bureau, answering a question from a fan about why, with the singer about to embark on an asia—wide tour, no venues have been scheduled in mainland china. it replied it was not appropriate to allow in entertainers who have engaged in what it called, "bad behaviour." hejoins a long list of blacklisted musicians, including oasis and us band maroon five, though most have been banned for perceived political statements, rather than behaviour. i also told he has been told to his conduct to become a si

isensive -- vantiv, especially deceptive allegedly.claims are impossible to substantiate commandments minco gold could hold this particular stock. but with the plans we are watching. the street from bloomberg -- there was a trademark application from amazon. that's looking at the meal kit business. this kind of activity, even if it doesn't do anything, is enough to send the stock down further in today's session. we are also watching tesla fall, that stock down. the star tribune reporting a crash occurred in central minnesota on july 15, while it teslas autopilot function was engaged. .eople were not severely elon musk reiterating what he has said in the past over the weekend at a meeting of governors association. he sang the stock is trading higher than we have -- any right to desert. chairs down right now 2%. interestingly, i looked short interest today. while it is still quite high, blueis stock price and versus the percentage of slope rating conceit is come down quite a bit. it still 21%, which is enormously high. we have seen that

potential takeover the uk payment processor receiving rival bid approaches from credit card tech firm vantivnd jpmorgan. >> some more stocks to watch two u.s. activist investor funds are looking to derail clariant's merger with huntsman co corvex taking a stake in clariant in an effort to fight the deal clariant shares off a bit. huntsman up 1.6% >>> samsung electronics investing 18$18.6 billion in soh korea in the hopes of extending its leading memory chips and next generation smartphone displays while promising to create almost a half million jobs >>> nokia and xiaomi signing a patent deal which includes a cross license to each other's cellular standard patents. >>> martin shkreli's defense attorneys objecting to the prosecution's request for a gag order during his client's fraud trial. ben brafman blaming reporters for baiting shkreli to publicly blast prosecutors. when he walked into a room, reporters used to monitor video from the courtroom and started speaking with them criticizing their coverage and commenting on the evidence against him shkreli only stopped when brafman came and aske

two weeks ago, worldpay agreed to be bought by american giant vantiv for £9 billion., paysafe itself said it was offering $470 million to buy the us company merchants choice. the markets, the ftse slightly down. pa rt le the markets, the ftse slightly down. part le due to airline stocks. low after the easyjet chief executive said pricing might be a problem going forward this year. that's it from me. the state rooms of buckingham palace are set to open to the public this weekend. this year, there's a special exhibition dedicated to diana, princess of wales which includes rarely—seen personal belongings to commemorate the 20th anniversary of her death. the other state rooms will display more than 200 gifts presented to the queen throughout her reign, as jon ironmonger reports. 0ver her 65—year reign, the queen has been lavished with more than a few exotic gifts, from baby crocodiles in the gambia to five tonnes of australian dried fruit. now those more suited to the display cabinet have been curated to mark the summer opening of the state rooms. they include a strip of

is aove in the share price move toward the offer price and below from vantiv.uy worldpay. jpmorgan confirming they do not intended to make an offer from company. the stock is down over in london. coming up, chief strategist will be joining us from new york. you are watching bloomberg tv. ♪ chris there are rules which we were found to comply with. scheme, we did play but the role and that is why the negotiation actually took so long. in a lot of different responsibilities and i think at the end of the day, we will be under scrutiny. jonathan: a decade after the financial crisis, many european -- banks have propped up wobbly banks. a restructuring deal is still with us to discuss is mark mccormick and greg peters. greg, a question with you. where would you be comfortable with an italian bank? greg peters: the senior part. so part -- the part is that spent the past eight years working around this resolution of a failed bank. the way they are meting out justice is different. it difficult for a bondholder, particularly a subfolder to get comfortable with the risk. q

two weeks ago, worldpay agreed to be bought by an american giant called vantiv for £9 billion.bes it was offering 470 million dollars to buy the us company merchants choice. thank you very much. we are expecting a press conference from the police to update us on the search for the missing raf serviceman corrie mckeague. they've been searching a landfill site for the airman for several weeks. it emerged he may have ended in a bin lorry or that was his hunch. they began searching in the wrong place and had to refocus the search. even after this second search it would appear they didn't find anything. he had been on a night out in bury st edmunds in september last year. he had had the weekend off, he was reported missing the following monday. there is some cctv footage of him in bury st edmunds, around 3am, so quite late. he had been to a nightclub, he was seen on his own. he looked a little bit disorientated in the footage we have seen. but nothing has been heard of him since. he went around the corner from those cameras and that was the last that was seen of him. this has been q

vantiv was upgraded they expect vantiv to benefit significantly from a transaction. >>> a drug makerremarket trading. they granted orphan drug status for a muscular dystrophy drug. you need a little protection to make up for all the r & d that you spend on something where you'll never have a huge patient population >>> target is out with upbeat earnings news and issued upgraded guidance saying comparable sales will be positive and earnings above the high end of its previous guidance previous guidance calling for earnings per share of 95 to $1.15 per share. the current cup census estimate is $1.06 per share the retailer is doing well in the face of a competitive environment. shares of walmart and kohl's are up 1% premarket as well. >>> coming up, the military are relying more and more on drones to help capture the bad guys up next, meet a former special ops army intelligence officer who was responsible for hunting the top two isis leaders using drones. >>> oscar health signing a deal with humana. they are looking to pa yond individual health care. they will join us, we'll be right bac

two weeks ago, worldpay agreed to be bought by american giant vantiv for £9 billion.the us company merchants choice. a quick look at the markets, all of them down. the european market is down quite a bit. the pound against the euro, if you are going on holiday, the pound is a little weaker. we had some comments from european central bank yesterday which seemed to suggest possibly not that interest rates would go up but that interest rates would go up but that borrowing would become more difficult on the continent. the words used were very vague but the market took advantage and pushed the market took advantage and pushed the euro up. that is why the pound isa the euro up. that is why the pound is a little bit weaker today. that's all the business news. landing on the moon might have been one small step for man, but for a bag used to collect the first samples of dust and rock, it meant a giant leap in value. it's sold for $1.8 million. the seller had bought the bag on a government auction website three years ago for less than $1,000. jim axelrod from cbs news went to m

analyst citing recent underperformance and capital return plans meanwhile, credit card processer vantive after announcing terms to buy world pay for $10 ball. big deal there, jpmorgan was interested in world pay, but announce ld it would not be making a bid of it's own payment providers, paypal and square has been seeing strong gains after that deal was revealed world pay is the largest payment processer in the uk. >> yeah, might not be a household name, but they're effectively trying to build a system where they run the payment system without having to pay the toll to a lot of the incumbent players. if jpmorgan wants a piece of that action, may be why they expressed interest one of the most interesting, if under the radar parts of the financial system >> i agree i mean, it's highly competitive right now. >> yeah, and a sign maybe jp morgan is back on that we'll talk more about that later. job security seems to be getting more unstable. the wall street journal today highlighting several high profile ceo departures announced just last month. among them, travis, jeff, sally smith, john, an

jpmorgan and vantiv have until august 1 to say whether they will bid on worldpay.er rate cut. bank said that inflation has been slightly higher than expected. still, the head of the riksbank is cautious. stefan ingves spoke with bloomberg television. >> one concern is raising the rate to early. and that respect, we are dependent on what other central banks are doing around us, not the least the ecb. mark: sweden's economy one of the fastest growing in europe. related bloomberg business flash. still ahead, hsbc is setting its sights on the former head of american insurance company aig. why peter hancock is getting interest for the ceo job. this is bloomberg. ♪ ♪ mark: live from london, i am mark barton. hsb said to have approached peter hancock to be its next chief executive. that as mark tucker considers internal and external candidates to lead europe's largest bank. shares going a little lower. joining us, bloomberg banks reporter stephen morris, who broke the story. cuts an outsider, but he is from the hsbc cloth. stephen: he was a banker at jpmorgan for close to