economy -- tom vilsack ways in -- tom vilsack weighs in on bayer and monsanto. julie: a bit of a pause after the big gains we had yesterday and is to look ahead to the fed meeting next week as well as to the bank of japan, we are seeing a little bit of a deepening of declines at the moment. as we have been noting all day, it is a quadruple witching day, the expiration of futures and options contracts causing an increase in volume, although thus far not an increase in volatility. financials biggest drag today. the second biggest drag is energy. exxon mobil today down 1.5% -- today down 1.5%. following with oil prices as well. schlumberger, however, some of the oil services companies, we are also seeing declines they are, and this being friday, we have the count.oil rig we has been seeing it rise, or at least be unchanged, for 12 straight weeks, so this uptick that you see in the past couple of months -- again, 12 straight weeks of either a zero reading or a build. finally, gasoline as well bears mentioning. , uphowever, is going higher 2%, and that's after a leak in an alabama pipeline
. bayer proposing an increased offer in talks with monsanto. bayer is raising the price per share to $129. it is raising its antitrust break up free offer to $3 billion. the advisory board is scheduled to discuss and potentially approve the proposal by tomorrow. allstate says there's no better opportunity for wealth creation than in the transportation sector. the ceo spoke today at a conference hosted by barclays paid he says the company is betting on inevitable changes in the sector in which he described as "highly inefficient." he says moderate increases in efficiency can raise household income by 5% each year. julie: a short seller is betting against the tesla solarcity $2.6 billion merger. the founder added his name to the critics of the proposed marriage, describing it as crazy and walking insolvency. he estimates the combined company would burn through $1 billion each quarter and depend on continued access to the capital markets. flash" your "business update. still ahead, options inside. oracle -- shares of the software giant are up 9% this year. vix's highest since late june.
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