. >>> to merger news now, weyerhaeuser is buying plum creek creating the largest timber, land, and forestroducts company in the u.s. the price tag, more than $8 billion. the company will manage more than 13 million acres, and according to the company the merger will save 100 million nasdaq costs every year. plum creek timber surged 17%. weyerhaeuser fell almost 3%. >> and canadian pacific railway is reportedly interested in acquiring norfolk southern. as first reported by bloomberg, the two companies have held early merger talks, and the discussions come as the sector suffers from slack demand as commodity shipments slide. read that coal. the report sent shares of both companies higher. >>> and apache has reportedly received an unsolicited takeover offer from an unidentified party. according to bloomberg the oil exporter rejected the approach and is working with goldman sachs on the defense. shares rose 13% on that report. >>> on wall street merger and acquisition bankers are some of the lucky ones this year, especially when it comes to their bonuses. that one group, maybe that group alon

weyerhaeuser is buying a timber buyer. the name is bond, james bond.atest film in the spy series opening at the top of the weekend box office, but that 73 million for "spectre," that fell short of some industry estimates. it's monday, november 9th, 2015. "squawk box" begins right now. >>> live from new york where business never sleeps, this is "squawk box." >>> good morning. welcome to "squawk box" right here on cnbc. i'm andrew ross sorkin. becky's going to be back tomorrow. our guest host this hour is robert chaffee. he's the editor of fast company magazine. among the buzz stories this morning, there's a new report out that bonuses, it is not good news for the industry. overall compensation expected to drop for the first year since 2011. we'll have a lot of details on that. first, take a look at the markets this morning. look up to where we are. we'll see where we are in the u.s. equity futures. you're looking for down arrows. the dow looking like it will open down 50 points, nasdaq off

weyerhaeuser's transaction was announced this very morning. it's important to beat the fed to the punch. i like weyerhaeuser here. canadian pacific, rumors it might try to take over forred for southern. or how about all those things about apache that might be acquired. bottom of those fit this bill that i'm describing. here's my bottom line. i'm not saying i'm sanguine about a right hike. far from it. however, it is inevitable for december. first set of rate hikes begin and it's not good for the vast majority of stocks despite what people tell you. they're people who tend to be younger and have not lived through it. that's what you saw today. all i want is for you to know we've been through this cycle many times before and you better get used to it. rocky in north dakota. >> caller: yeah, hello, mr. c. first of all, i want to thank you and stephanie who i see as the prince and princess grace when it comes to taking care of us little ones. t corp. when it comes to that merger with niagara bank. buy more on the dip, sell, or hold? >> i miss step

weyerhaeuser is buying plumb creek timber for $8.4 billion in the total price tag. the combined company will keep the weyerhaeuser name and manage 13 million acres of timberland. you can see plumb creek timber up 17% in the pre-market. >>> the dubai air show is now open for business. the last show two years ago saw record breaking orders. that's not the case this time. no major purchases yet announced. some say this is raising the red flag about the longer term health of the business. >>> and in other global news, lufthansa canceling more than 900 flights today due to a cabin crew strike. a union calling for a walkout in frankfurt, munich, dusseldorf. 900 flights canceled. >> we talked about it on friday, i don't remember a lot about it. i remember i had to say dusseldorf. i remember seeing that in the teleprompter and nailed it. nailed it. so there's a five star hotel there. >> there might be but i wasn't there on vacation. >> you were -- you were not there on vacation. >> i was not there on vacation. this is years ago. manasman, a german telephone company acquired

weyerhaeuser buying plum creek timber. that's a different story. acquirers throughout the year have been seeing it go up. the dow is currently down more than 2%, despite the fact that warren buffett is standing by his investment in the company. comments coming when they released earnings. ip ibm currently down 2.5%. >> yahoo! hiring mckinsey. kara's going to join us. plus, the ceo of take-two is going to join us on what he sees for the future of gaming. and the stars were out for the breakthrough prizes in mountain view, california, last night. everybody from the ceo of uber to actors. we're back in a minute. >> everyone wants to be in tech in hollywood. everyone is star struck when, you know, the twitter guys or the facebook people are in town. that's who everyone wants to meet. it runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to

weyerhaeuser also agreed to a $2.5 billion stock buyback after the completion of this deal.t will create a real estate investment trust that is the largest private owner of timberland in the united states. plum creek timber company rising on this deal. a takeoverot proposal, but we don't know who it was from. apparently got a letter of interest from someone for an acquisition. you can see each -- the shares are higher. it was a highflying producer during the 2000s. finally, steve cohen and oprah winfrey, not 2 names you would expect if you together, and yet steve:'s company is taking a stake in weight watchers, joining oprah winfrey in our ownership of the comity. she owns about 10%. look at my bloomberg terminal and you will see the opera effect on the shares. -- oprah effect on the shares. we are seeing the shares surge by more than 250%. to be made here. stock price got fatter -- [laughter] julie: you can do that. matt miller did it earlier. betty: got my attention with steve: and oprah winfrey. julie hyman at the markets desk. berkshire hathaway third-quarter profits dou

it's not just weyerhaeuser. lot ofwe don't own a north american and our portfolio.ating company which is a big difference in a huge confusion for the marketplace in terms of listed property funds. fundsthink they are reet but ours is not. >> talk to me about macy's commercial real estate. they are complaining about mall traffic coming down. we have seen a lot of pain among a lot of retailers because of less mall traffic. how do you feel about malls and commercial properties? internet risk for a long time has gone in terms of people shopping at home as opposed to going to malls. we do not own a lot of mall property security spell the ones we own are the highest quality once because we believe there is some challenges long-term. macy's, we look at them a couple of months ago as a real estate investment opportunity. there was talk for a while -- remember the hedge fund trade that said he was going to become a potential listing. they would spin off real estate inventory and that cannot happen. stephanie: it's as much of a horrific story as it is been, but the only valua

maria: weyerhaeuser saying will buy 2 1/2 billion dollars of stock after that deal closes adding on to week that is fourth gunpoint presidential debate on fox business network, tomorrow, joining me right now from studio in new york is wisconsin lieutenant governor, good to have you on the program thanks for joining us. >> great irony the fact you are there in a milwaukee and i am in your studio, in new york. so welcome. >> thank you very much, it is a really irony let me ask you this about -- about the state in particular in terms of economic backdrop you've got lots of people in the audience, about 3,000, plus in the audience, here, what do you think they are thinking about the economic backdrop . >> you are go you can to talk about economy so many care about make suring we continue to make a great recovery, miss consinites would like to hear what with a folks do to fill what we kill a skill gap, in wisconsin we have 100,000 open jobs, and yet administrators 70% stay they are biggest worry is fining people with the right skill sets to fill their consisting jobs, and so it is an intere

way way weyerhaeuser has been cutting costs. >> doing the right thing again.creek is not valeant. it's about trees. you know, trees. what was that? it was -- >> in fact, jim, 13 million acres of trees. >> a lot of trees. >> 13 million of the most productive and diverse timberland in these united states of america. >> lord of the rings -- which one was it with the trees? kind of like that. lord of the rings 3? if you get the wrong one -- >> you'll be corrected. no doubt. >> trees were in a lot of them. >> they were. but that was a great move by plum creek. that plus the apache rumor. don't you love that? the apache rumor. >> loved it. >> that's your style of journalism. hey, someone contacted apache. >> big piece on amgen, all these rumors. >> you continually let the facts get in the way of the story. that's why you are the best there is. just refuse to just go out there and say the white knight will be anadarko and it's $77. specificity -- it's anadarko. it is like a horse race. anadarko, in the seventh, put down 75. >> or clue. >> or clue. >> right. >> mr. mu

the forest products company being bought by rival weyerhaeuser. plum creek shareholders still need to okay the deal though. and shares of dean foods surging. beating profit estimates and raising its full year forecast. the shares are up by 4.5%. ty? >> mandy, the end of a two-term presidency marks the beginning of new leadership for the country but it also may mark the start of a bear market. here to explain is larry mcdonald, head of u.s. strategy at societe generale. good to have you with us. this is a historical pattern. take us through what the data say. >> if you look back over the years, eisenhower, nixon, reagan, clinton, bush, at the end of those two terms, there's always been disruption, and sometimes it comes from political elements that are inside the administration, and a lot of times it's because of economic breakdowns, but at the end of the day we've got -- over the last 50 years during the end of a two-term presidency, we've got an average decline of 28% to 30%, so there were some substantial numbers that back up this historical ele

the cost of -- and reduced the street's appetite for risk and hence their ability to act as a weyerhaeuser between bareh and sellers. what would you think about regulations producing more illiquidity. >> there's a bunch of things going on in the markets and we're carefully trying to study it. the corporate bond market and the federal market is quite different and the role of the broker and dealers is different. high frequency trading has become very prevalent in the treasury market and -- >> i hear that explanation. let me just jump to one other potenti potential theory and the more liquidity the central banks add the less there is in markets. in addition to regulation central banks' distortion of markets has reduced the h heterojeneity of market. are the markets more prone to sudden corrections? >> well, we hold significantly more assets, the federal reserve, and other central banks than we did prior to the crisis but we have very deep and liquid markets in the treasury securities and mortgage-backed securities that we hold, so i'm not aware that our behavior is significantly influencing