monsanto, and it has to do with a pesticide, developing a new soybean seed. what is going on? ellen: they want to introduce a decambo,ticide called which already exists. they came up with new seats that are resistant to it, to grow these plants, and it would take care of the bugs, etc. carol: it sounds like a good plan. it does, but it is that for other plants, so they come up with a formula that would to the plant. it has not been approved, but it cropsing up on other cured farmers are finding huge crops of soybean being destroyed. carol: they're making a dicamba- resistant soybean seed, right? feel: yes, and farmers like they have to switch otherwise their crops will be gone. zika, the fight against ground zero as florida, the miami-dade county area. it is a political battle. why can't we get money from the federal government to help in the fight? ellen: president obama addressed this issue how congress did not allocate funds to battle zika, and ended up in gridlock. what has ended up this there are cdc orur people from the other agencies working with local officials, trying to fi

billion worth of deals led monsantos takeover of $65.7 billion. vonnie: we are moments away from mario draghi addressing the european parliament. live shots of parliamentarians waiting for the ecb president to arrive and begin speaking. governmentsd to ask to extend the pace of structural reforms. we will bring you all of the headlines. let's check in on first word news. alisa parenti has more. alisa: donald trump looks to apply his new campaign discipline at tonight's first debate. trump and hillary clinton face off at the event in hofstra university near new york city are you in the polls by learning to stay out of his own way. a new bloomberg politics survey shows the two are in a dead heat with 46% each. trump leads when third-party candidates are included. it watch the debate right here on bloomberg tv starting at 8:30 p.m. eastern area our coverage will include 30 minute pre-and post debate shows led by mark halperin and the bloomberg politics team. twitter will live stream the broadcast. beginner donors overwhelmingly favor hillary clinton in the presidential race. clinton has c

, we're in for a bumpy next couple of months. thank you. >> coming up, monsanto finally agreeing to buy a proposal which will create the world's biggest seeds. both companies will join us at the bottom of the hour. do not miss that. this is bloomberg. ♪ vonnie: you are watching bloomberg markets. time now for a look at some of the biggest is the stories in the news right now. the same regulator that gave apple a bill of now looking at ikea. officials are examining claims the world's largest furniture maker uses unfair loopholes to avoid taxes. partyame from green politicians. >> it is early days. we have received documentation and we are going through it but we have nothing to count on as the case stands right now. >> ikea has not commented so far. the company is owned by the private equity, helping them ,ncover the popularity attracted hordes of new fans. numberndation says the of u.s. players declined by 27 million in 2011 to 24.1 million last year. let's head to the markets desk where julie hyman has been looking at some health care stocks. more wellness and nutrition. herbalife is

offer of $56.5 billion for agricultural firm monsanto, and doubling the fee. and unilever's ceo tells bloomberg best central-bank stimulus is limiting economic growth. nothe reality is is it is giving us the growth that we

, a 19% premium to monsanto's last quote in new york. if the deal goes through it would create the world's biggest producer of seeds and pesticides. in july monsanto rejected bayer's $55 billion bid saying that was inadequate. all right. let's check in on some stocks oving in the asian sector. o.g. chemical down over just over 3%. this one crossing the bloomberg. lg chemical is considering a merger with lg life. that is what those shares are doing at the moment. we'll be watching those as that news of that story becomes a little bit more developed. budget carrier viet jet has agreed to a big deal with airbus ordering planes worth a fraction under $3 billion at list prices. viet jet is key to expand in a low cost market. late last year it agreed to buy 13 more a-21's during president obama's visit in may and said it would take 100 boeing 737 max 200's. one of our top stories, shipping is jumping on news of financial assistance from the korean government and also its own parent company. there are conditions attached to this helping hand of course. >> right. >> we're hearing from the

-core businesses as he gets ready to take over monsanto. the sale of its dermatology business. the unit can bring more than $1.1 billion. that is your "bloomberg business flash." thank you very much. let's take it to the bond market. the dominant story. yields up higher, five basis points as we approach zero once again. in the u.s., we are up three on the u.s.-10 year. some enthusiasm coming out of the record-setting bond market rally so far in 2016. that the kind of story sends a message in the market. stocks snapping the five-day rally after the ecb holds off introducing more stimulus. geoff dennis joins us. correlatedone huge market. i was told e.m. was the diversified play. is that the wrong way of looking at this? is hard to get diversified plays these days and markets generally. i do not think e.m. is diversified as an investment as it was 20 years ago because all markets are so closely correlated. whenpically go down markets go down, and we typically go down more -- we go .p more when markets go up but i do not think you get much diversification safety out of emerging-market

businesses, pursuing a takeover of monsanto. the federal reserve is urging congress to repeal making powers here to goldman sachs would be among the banks most contested in the recommendations issued today by u.s. banking agencies. the report is required by the dodd frank act. and that is your business flash update. vonnie: let's head to the markets desk where julie hyman has the latest sector spider report. julie: i'm looking at retail because we have a lot of retail news -- earnings from various retailers, and we have a lot of negative reports today. that is pushing down the srt -- the retail etf -- down by about 1.5%. there is one stock in particular mitigating the declines. i will talk about that in a second. the bad news first -- tractor supply company big drop that stock. it is leading etf down, down 17% today. the company cutting its full-year profit forecast, it's four-year sales forecast as well. it basically says it has seen trouble in areas of the country that are dependent on the energy business to where it has a lot of its stores. even though -- business, where it has a

more than 120 countries. this is bloomberg. fire hasecresse increased its bid for monsanto. that will be 100 -- $127.50 per share. has increased its bid for monsanto. has increased its bid for monsanto. .he share price has dropped it is more attractive even. i think it has been pretty clear from early on in this one they will not negotiating anything less than upfront with three. they are trying to get to the table and get a proper deal done. this is the second bump they have done. it does not seen enough. so it is interesting for what they were hoping to achieve at this point. >> any talk over -- any talk about a takeover bid? >> there is some. i think the other thing here is it would be a difficult one to sell. there is a lot of regulatory stuff that can, p are. monsanto would start to throw that up, and it would be a mess. vonnie: has the regulatory outlook changed at all iago's seems so much consolidation it may be difficult to get the deal through anyway. >> i think that remains the case. you have big deals in this space. you have smaller things going on. argument, there is

were looking for. matt: thank you. bayer andalks between monsanto are going forward. how soon could a deal get done? this is bloomberg. ♪ matt: you are watching "bloomberg markets." i'm matt miller. scarlet: i'm scarlet fu. will the fed hike rates next month? there is a lot of chatter about the next fomc meeting. rosengren today said waiting too long could threaten the u.s. economy. hsbc's, you had commenting. everyone is sure they are not going to do anything, there is no use in meeting. if they wanted to hike, the last thing they would need is a huge market shock. fed futures are being used to manipulate things higher. of officials said the markets focused on the wrong thing. not the next move but they should be looking at the path which is shallow and gradual. if we get a trade, does the market overreact? once they managed to hike over the next two years, they would get to 8%, if they managed once a year. you are right, the terminal values is what everyone should be looking at. -- there werey of many papers around what we call the real natural rate of interest. it seems to me the

next hour. here is what we are watching. monsanto clenched with a fourth bid to create the world's biggest supplier of seeds and pesticides. the ceos of both companies are speaking to bloomberg. isnie: jean claude juncker his state of the union speech, warning about the dangers of antiestablishment forces saying it is as strong as it was in the 1950's. we hear from the formula i.e. profile, pluswing what he makes of liberty's deal to buy formula one. have a look at european equities, under 30 minutes until the end of the wednesday session. these are equity indices. many trading in the green, especially -- including the ftse 100 driven by commodities producers. the benchmark is up 4/10 of 1%. 600.e up on the stoxx that trend for now is coming to an end. check out this chart, showing the broad-based selloff of the stoxx 600. more stocks have full and the european benchmark in september than any other month since august 2015. this is what the chart tells us, indicating a wide loss of faith since the recovery in june. an average of 326 companies have dropped each day this month. nearin

monsanto. pipelinebiggest company could be cleared in america. may ask formusk more cash. can we raise the funds in aids for the new model 3 and the giga factory. scarlet: we are halfway through the u.s. trading day after labor day. back but's good to be not so many people are laboring in the stock market but volume is up about 7% on the s&p 500 or with a 30 day average. we are still seeing the low volatility and the 41st withght session without -- only 1% movement. everything is trading in a narrow range as the nasdaq leads the games. in terms of the movers, within technology, we are looking at amazon and netflix. they were commented on by different analysts. they say amazon remains well below fair value and is talking about the company's long scale of growth. he's got an overweight rating. a $900 price target with chairs below $800 and netflix is being commented on. of the analysis suggests 25% upset and concerns about domestic saturation are reflected already in his estimates for the company. we are looking at twitter because the company board is set to make -- to meet later t

special conversation with tom vilsack. what he thinks about a megamerger of monsanto and buyer. this is bloomberg. ♪ scarlet: this is bloomberg markets. time for the bloomberg business flash, a look at the biggest business stories in the news right now. until raises forecast for third-quarter sales today. the semiconductor giant now sees revenue of 16 early in dollars. the previous forecast was $14.9 billion. it is now forecasting the midpoint at roughly 63%. some of the world's biggest banks want the u.s. to help them check london's status as a financial hub after brexit. they have asked the u.s. and others to lobby policymakers. that is according to barclays chairman. citigroup and deutsche bank are on the short list. a u.s. panel investigating wells theo and the scandal of opening of unauthorized accounts. the house services committee will look into the allegedly illegal activity to meet aggressive sales goals. that is your business flash update. monsantohe takeover of once again of investors this week. size and complexity, the deal is getting attention on regulators around the

news. the company is expanding its .ermatology business a continues to pursue its takeover of monsanto. all of this according to people familiar with the situation and justding to news that given a bloomberg. the shares are down about 17% year to date. they sell a little less than 1% in today's session. that too it is going on in the u.s., a little bit of a pullback in u.s. stocks. do with mario draghi, indicating that there will not be any more stimulus, at least not immediately. and that cause a little bit of a selloff in europe and has extended to the u.s. as well. that is coming despite the fact that energy is performing well he -- very well today. an unexpected drawdown for oil. drawdown,n unexpected at the biggest one since 1999. 14.5 million barrels declined in inventory. that explains the uptick in oil prices, now about $47 a barrel. we also cited you stocks perform well today. but only oil is climbing come of a natural gas. inventories rose less than estimated. you look at the top 10 performers in the s&p 500, most, if not all of them, or energy stocks. we saw the uptick in yi

and a rally in apple. -- after fourre months of talks, they are -- bayer agrees to buy monsanto. in the race for the white house titans. -- and the race for the white house titans. donald trump leads hillary clinton in ohio. julie hyman. we are seeing stocks give up some of the gains that have been studied through the day. the dow had been higher for much of the session by about a quarter percent. getting much of its gains. what is going on? looks like oil prices are part of the story. they are making new lows today after inventory reports showed an unexpected drawdown in crude oil inventories and a large built in distillates. the map here. we have bond yields lower today. benefit utilities in real estate and telecom stocks. we have the energy shares down .9%. materials off by a quarter percent. more evenly split on the wheel between red and green at this point. we see stocks slip on over into the red. when we see the dow is lower today, boeing is the worst-performing stock by weights within that average. we also have to talk about apple here. with tech in the top spot, apple is a b

sweet. money in itsmore takeover bid for monsanto. will $60 million be unethical seal the deal. asian stocks hit a one-year high. the equity rally on track. building on the brexit. we speak to the ceo of a company following the vote to leave the european union. caroline: half an hour until the european open. great to be back with you. sunny skies in germany. looks like the sun is shining slightly on risk assets. oil trade is higher pushing higher the risk appetite. the aussie dollar on the move following the decision by the reserve bank to leave things on hold. it is up around 0.6%. there may be a role in the contract in wti and brent. brent is up around 0.5% and of uti up around 2%. in terms of where the equity markets -- they are broadly positive. asian markets hitting one year highs. here is the bloomberg first word news. the bank of japan should wait until after the u.s. federal reserve decides on interest rates before acting up writing to an economic adviser to the prime minister in japan. the boj risks having its efforts overshadowed if it expands monetary stimulus at a policy m

later this month. third time lucky for bayer. the german company sweetening its bid for monsanto. where is the brexit plan? britain grapples to answer the question. we speak to former eu commissioner. ♪ francine: welcome to the pulse, live from bloomberg's european headquarters. i am francine lacqua. president of the peterson institute for international economics, adam posen. stephen king joins us for the hour. we talked brexit in the euro economy. all of that is coming up. let's check these markets. for the u.s., yesterday was labor day good happy labor day with a day late. this is the picture among a lot of the asia economies. the stocks rallied in asia. they were rallying in europe. now they are down to 0.1%. the hike this month remains subdued. the australian dollar rising. crude oil trading above $45 a barrel after the world's producers pledged to cooperate to save lives. if you look at nymex, it is higher because of yesterday. even i on that. let's get this keep an eye on that. let's get to -- keep an eye on that. let's get to bloomberg first word news with nara. -- with nejra.

retail locations unless you pre-ordered. mark: in today's quick take, fires take over monsanto, it is reigniting debate over gm owes in the food chain. -- gmos interchange. -- in the food chain. mohamed el-erian says the government and the private sector's should be doing more to take advantage of the current level of interest rates. >> it is absurd not to be improving our infrastructure when long-term interest rates are so low. directly to engaging the private sector and unleashing what, until now, has been an economy operating well below potential. mark: deutsche bank is not backing down in the u.s. investigation over the sale of mortgage-backed securities, the german lender says it will not pay the $14 billion that prosecutors want to settle the claim. deutsche bank says the negotiations are just beginning. the bank expects it will lead to what it calls a materially lower amount. the new iphone seven on sale and many folks who show up at apple stores may walk away empty-handed. that is because apple has not made enough phones to meet demand. customers who have not pre-ordered them

surprise the market? u.s. agriculture secretary tom between theren and monsanto and how the transaction will impact the 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

pharmaceutical company with the female head. -- is considering dropping the monsanto name once its takeover is complete, according to people familiar with the matter. they say the german company is considering the move to avoid sullying its reputation. the monsantoew, ceo signaled he is open to a change. has raised ayer combined annual sales peak forecast of over 10 billion euros. some of the world's largest hedge funds are expanding in asia as they seek new areas of growth. haveding to filings, three incorporated units in singapore this year while asian hedge funds haven't been immune to withdrawals that have placed the industry. some investors, including china's sovereign wealth fund, may increase holdings in the region. they are betting they can be rivals in developed markets. guy: thank you very much. two of the biggest banks are defying the market forecast. a federal reserve rate hike tomorrow, an economist says traders haven't taken the fed's intentions to heart. the head of fixed interest is still with us. what do you make that call? you have already indicated you think the market proba

are cut of worried that bayer would be paying too much for monsanto so the eat out a little bit of a sweet deal, $127.50. that is about $56 billion when you are taking the debt out of the equation. it seems as though there was much optimism about the price point certainly coming for monsanto. you need $130ht if you are going to get monsanto to say yes. david: a raised the bid but the market does not seem to be believing this deal. i think it is a 90% premium. what is going on? caroline: we are seeing way off the current market price. we are seeing currently trading at about $47 billion market cap for monsanto. $56 billion is where this deal currently is and the market does not buy it. why the risk? agreement,do get an what about the regulators that come in? what about the lawmakers? are we going to be able to get a feel through those regulatory hurdles? we have do pound down going for regulatory approval, syngenta being snapped by chem china. berlin,aroline hyde in i do not think that story is over yet. jonathan: monsanto probably once a little bit more money and you have the regul

expected to reach an agreement to buy monsanto. david: volatility returns to the market as investors prepare for central-bank decisions. european commission president keeps his first post-brexit address on the stage of europe. i'm jonathan ferro alongside david westin and alix steel. the biggest german takeover ever. the issue is between the offer price and where we train right now in monsanto. david: another part of the reported deal is a $3 billion breakup fee. there's a lot of concern about regulators. if it wasidn't know $2 billion or $3 billion. china national chemicals. you have dupont merging. can they sell enough assets and will there be the buyers to make the regulars feel ok? jonathan: some of the regulators have already given that deal the green light. it's a more concentrated industry. alix: we will be discussing this economy as well as the fed and investing strategies for a low rate world. will be here. we will discuss whether the recent volatility is here to day with julian emanuel. relativesn asia but stability in europe. jonathan: we have a day of gains pote

hear more from syngenta and monsanto. they are set to testify today. and we get u.s. housing starts for the month of august. the new brazilian president is due to speak at the un's general assembly when it gets underway in new york later. erik schatzker caught up with him ahead of the meeting. you can see that interview at 10:00 a.m. this morning you take time. still too,, get by with a little help from your friends. decision couldte be a bonus for mario draghi's qe program. and then a metal meltdown. we have a chart on gold. and the president gives his foinion -- the iso president gives his opinion on brexit. this is bloomberg. ♪ anna: welcome back. you're watching countdown. the time in hong kong is 1:16 p.m. in the afternoon. the hang seng is down. the asia-pacific is pretty flat. let us go get a business flash. rosalind: some of the world largest headphones are considering expanding in asia as they seek new areas of growth. they have incorporated units in singapore this year. investors may increase holdings in the region. deutsche bank is working to secure aliens of dollars in

talk about raising. monsanto is that be pushing for a price closer to $130. , the price oneek the table was 12750. 130 would bemed as the price. with a huge premium relative to current share price is in with the virus offering, $127.50. it seems hundred $30 is the magical number, according to people familiar with the matter. that deal is in the final stretch. one of the big brewers and public owners, shares falling. uncertainty is translating into the softening of some economic indicators. and reduction of consumer confidence. sales rising 1.7% in the 18 week to september the fourth. this is a great chart, that tells us how a rally in european corporate bonds has raised the negative cooperation between the yields and the dax index. the corporate indices show the stretch between investment-grade and high-yield debt narrows 13%, the white line in the last month. just 2%, the blue line. that means the 30 day correlation, which is the bottom line tween the two has risen to -.9% in july.om 90 minutes into the trading day in the united states, and abigail doolittle has the latest. abiga

gamble? m&a. day for er raising its offer for monsanto for the second time. less appetite for risk today. the best run for almost a month -- gmm is the function. this is the equity column. predominately in the red, the ftse down by .75%. look at stirling, highest level since the end of june. a flavor ahead of the big ecb meeting on thursday. airbus shares up by 1% today. vietnam is likely to rank among the top 10 fastest-growing aviation markets in the next couple of decades. vietnam airlines signed a deal a350 widebody aircraft fronts ollanta was in vietnam. expand is estimated to the air travel market by 20% in the next the years. -- president francois hollande was in vietnam. the japanese carrier planning to claim compensation for rolls-royce engines. forming a cancellation of a dozen flights last month after finding broken turbines on three aircraft. the formal compensation may be discounts on future purchases or free cars. shares and rolls-royce down by .7%. swiss gdp, the economy secondating in the quarter, rising by .6%. expanding from a revised .3% in the prior quarter. -- ant th

buying monsanto, creating one of the world's biggest agrochemical firms. it ends a month-long courtship. google self driving cars go live in pittsburgh, when it is like to ride in one. we are nearing the halfway point of the u.s. trading day so we need to check in with julie hyman. the drags here are plentiful. julie: the drags are plentiful and yet the resiliency is relatively strong. we have got stabilization today after those big swings we have seen over the past couple of sessions of at least 1% in the s&p. now we are not seeing moves that are quite as large although the nasdaq is rising to the highs of the day, up three quarters of 1%. we are seeing some of that volatility come out of the .arket in terms of drags, volatility is here to stay when it comes to oil prices. we have weekly oil inventories creating a spike in oil and then a drop. it is down 1.8% and that is because on the one hand there was an unanticipated drawdown in oil inventories on the weekly basis. that was a surprise. there was a huge drawdown last week because of hermine and there was expected to be a b

slate for the governor's successor. bayer sweetens its bid for monsanto, is $56 billion enough? while the central bank extend qe this week? this is bloomberg "surveillance ," francine lacqua in london, tom keene in new york. this is the picture overall for the very important gdp figure coming out of the eu. it is important because it has an impact on what we see but also gives us an impact on what germany is doing. germany with worse than expected data out this morning. taylor: philippines president -- the whitete house canceled a meeting after an expletive filled tirade at the u.s. president. theonday duterte warned u.s. against interfering in his war on drugs. he regrets that it came across as a personal attack. david davis told lawmakers there is no turning back and at the end of the process britain will be out of the european union. >> there will be no attempt to stay in the you desk in the eu by the back door. no attempt to engineer a second referendum. because some people did not like the first answer. taylor: several parliamentary committees will investigate .arious aspects of

of the combined company. we have seen a tone of come deals happening like bayer monsanto potentially and potash prices have been completely hammered, needing this consolidation to happen. it has been down by 32%. off in board is spinning an ipo about 30 million shares. ashland will retain an 85% stake in the company. this is a year-to-date chart of ashland and hopes to keep shares at $28 each. we have got a little bit of an ipo and m&a in the breakdown. that's a roundup of your stock movers. jonathan: the yen is hosting a today stop after a selloff. a whole host of comments coming from fed speakers today ahead of a decision next week. joining us now to discuss is the head of global fx strategy at moody. does that change the game for you? do you anticipate it will? >> no, i don't do gets going to change. we still expect yen strength. all the things that have been happening over the past few days may accelerate the move higher in the yen because i think what the market is going through right now, it is waking up to the possibility that monetary policy has reached its .imitations jonath

talk about. monsanto, we have been watching that even though it has been falling after a buyer raised its head. and we have them bridge acquiring spectra energy. that itinteresting is was lower in premarket trading. has turned higher. this will become a large energy infrastructure player. the largest owner and operator of type lines. a couple ofwatching carl icahn-associated stocks. after vwrising today announced it would take a 16.6% truck maker. there's speculation this will lead to more ownership by vw. and then there's an auto parts company carl icahn already controlled most of and is now buying the rest of it for $9.25 a share after making several other bids. with histo combine it other auto parts holdings. a way from that, we have been watching other asset classes as we talk about the 10 year yield down six basis points and the dollar saw tumble at the same time. the bloomberg dollar index down about one dollar, the bulk of that drop coming in the wake of those numbers at 10:00. check on theget a headlines with the bloomberg first word news with taylor riggs in the newsroom. tay

, and we will get to this transaction between monsanto and bayer. talking about more education in the market, as the french would say. bid, 45.11 there. let's move on to the next screen. oflose the complacency august, the dow threatening 17,000. , 47.1 a four per barrel. let me go to the bloomberg right now. the idea of the monsanto transaction. to give you scope and scale, bayer, 115,000 employees. 23,000., that gives you some scope and scale. the real news is the bid, 90 to 106 228 takes monsanto back near 2007, 2008 period as well. it really fuld into our fed debate. mr. tenenbaum is with the northern trust company, a former president of the national association for business economic meetings. we get lucky on the monsanto transaction, the best analysis of profitability in the american economy. steven wieting is with citigroup. what is the state of profitability in america? are doing the broader asset analysis with citigroup, but you earned your stripes on profit analysis. america is profitable right now, right? en: most companies are, have grown a little, grown profits after a long

isbusinesses trying to take over monsanto. --y are looking to take over sell their dermatology business. softbank has raised its biggest yen bond sale ever. the deal was valued at about $32 billion. the federal reserve wants to keep goldman sachs and other banks from investing in companies. banking regulators have come out with a number of recommendations. the fed also wants to limit banks' ownership of physical commodities. goldman has been accused of seizing unfair vantage is in the metals and energy markets. north korea has confirmed it has carried out a nuclear test and now says it has the ability to mount warheads onto rockets. south korea has condemned the move. china is urging the secretive nation to stop action that could destabilize the region. chief is withau us. steven major is also still with us. we woke up this morning, we found out the news, we wonder how much is an actual danger and how much is saber rattling from north korea. >> let me preface what i say by noting how in 2003, north korea said the same thing. january, they claimed they had developed a hydrogen bomb. none

up we had you on set and did not talk about our favorite deal. ayer and monsanto. they are in the in game. when do we think the in game will actually be? >> we think it's coming soon. it could happen this week and that would end over three months of back and forth and they are not quite there in terms of price. it looks like they are on track. as we see, it's not done until it's done. mark: you will be here to tell us all about it. thanks. david cameron, the former uk prime minister is to stand down as an mp. he is and him p in a district. we hear the press association tells us that he will stand down. that will trigger an election in that district. referendum.brexit he said he would step down as soon as the new leader was named. the new leader was named sooner than people imagined. has stepped down as an mp of the whitney district. that is breaking news. not completely an anticipated. the timing may be later than people expected. hillary clinton's health care is in danger of becoming a political price -- crisis. but that be another landmine for suddenly vulnerable markets. that's

it is picking up and could still be a very active year. it is certainly not below average. monsanto -- do you see these enormous deals happening? or is it going to be smaller, more incremental deals? susie: i think both. i think people are doing and on deals, and they always are. people are also thinking about big deals that can move the needle in terms of their portfolio and what their growth needs to be going forward. alix: where is more room? you mentioned the ag space. is there any room left? where is there more juice to be squeezed out of m&a? susie: i think health care is always busy. it is busy. with a lot ofa innovation, where you see growth and change. there is activity in tech. i think there will be activity cross-border. it's incredibly important. one of the changes with m&a is the rise of asian bidders. they are serious. they have money. they are looking to grow. even though we think growth has slowed in the u.s., the u.s. is still a huge market. there is a lot of growth here compared to other regions. aix: looking at outbound and day from asia, is it u.s., or europe and

upping the ante. monsanto increasing its offer a second time to $56 billion. they are willing to pay 2% more than its previous stand. bid.evious largest is the worlds seed supplier and a pioneer of crop biotechnology. it's gtmo seats are the majority of corn and soy plants grown in the united states. china is also -- china pharma plans to use the proceeds from the listing to fund acquisitions , expand many fracturing, build warehouses. how will a oil production freeze impact businesses? oil.ll speak to set sat -- set oil. -- statoil. ♪ glenn stevens hosting his final policy meeting. paul allen has more on this. issues,a still has its has it not, now? the world is bifurcated when it comes to interest rate policy. economistwe handle 26 surveyed saying no change today or in october. the cash rate expected to stay put at 1.5%. wait toing seems to be see what the u.s. federal reserve does in september. if they raise the cash rate that is going to make things much easier for the reserve bank of australia in terms of the australian dollar. that doesn't solve the other problems half week inf

? u.s. agriculture secretary tom between theren and monsanto and how the transaction will impact the 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

proposal for monsanto. the antitrust breakup fee would be doubled. say the monsanto board could discuss and approve the offer as soon as today. this confirms an earlier report. monsanto has rebuffed them three times already. this is bloomberg. ♪ a gorgeous september afternoon. this is "bloomberg markets" from new york. commodity markets are closing in new york. we start with agricultural, sugar hitting a high. gold is trying to snap a four-day losing streak. finally, oil plunging today, settling down 3% at $44.90 a barrel. the supply glut is seen as persisting into next year. for more on oil, let's bring in our guest. still calling for oil hitting $80 a barrel next year. i thought it was $60, right? we are looking for oil to be in the 60's by this year and 2017.ing by $80 by the industry does not need $80. supply can be managed in the 60's. ,f supply will be shrinking psychologically you could see $80.ment take oil up to >> can you walk us through that? given this iaea forecast, talk persistingupply glut , that would seem to be a big headwind for prices. what we mean? yes, inventories

. bayer is considering dropping the monsanto name. once the takeover is complete -- name, once the takeover is complete. they say the german company is considering the move to avoid selling its reputation. the ceo signals he is open to a change. bayer has raised its peak forecast by a third over 10 billion euros. some of the world's largest hedge funds are expanding in asia as they seek new areas of growth. they have incorporated units in singapore this year while asian hedge funds have not -- that have plagued the industry including china's sovereign wealth fund, betting they can beat rivals. that is the bloomberg business flash. mark. mark: the un's general assembly kicks off today with a strong emphasis on ending the global refugee crisis. is today a declaration was signed and world leaders including the greek prime minister and just delegates on the issue and the urgency of its implementation. it would not agree in today's declaration to replace dangerous if weion routes with -- do not accelerate the settlement of refugees to countries around the world that can host them, we wi

response. bayer faces the antitrust review as prepares its takeover of monsanto. the deal would create the world's largest chemical maker. -- including the u.s. and european union. bayer and monsanto don't expect the deal in till the end of next year. that is your bloomberg business flash. this is bloomberg. alix: permian is the best when it comes to shell but not everybody wants it like ceo bob dudley. think for bp the obvious place for shale oil is in the united states here to those prices are a little bit pricey for bp. alix: financial assets might be pricey, so what about the stock? -- it is up over 49% over the last year while oil is down 5%, what it is where the most expensive oil shocks out there. joining us now is dan dicker. author of "shale boom, she'll bust." >> what have we learned? alix: you like shale when it wasn't even popular. you're looking at that permian asset. what are you doing with energy stocks? daniel: i have been advising to be out of most of the shale players. we have seen this over and over. people get excited and in the valuations on those stocks did overdone.

bayer's bid for monsanto. republican presidential candidate donald trump looks to apply his new campaign -- trump and hillary clinton's face-off at hofstrant university in new york city. in recent weeks, donald trump has risen in the polls by learning to stay out of his own way. arel shows the two of them in a dead heat with 46% each. you can tune into the debate here on bloomberg radio, tv, and live streamed on twitter. our coverage begins at 7:00 p.m. eastern time on radio, 8:30 p.m. on television and twitter. that is your "numbered business "bloomberg business flash." the one of their themes is currency litmus system. you have?kee, what do michael: one of the things they teach you right away in economics is never say this time is different. it appears since the financial crisis there is something different in the financial markets. for the first time since anyone can remember, the volume of 40 strange traitor -- the volume of foreign exchange traded around the world is falling. that may be connected to some other things that are not supposed to be happening. let me bring up s

proposed -- led byf monsanto beyers proposed purchase of monsanto. all of these currencies are rising against solyndra after moody's cut its desperate against the lira after moody cut its credit rating. -- turkishowth assets are falling the most since the attended coup in july. we got stocks falling, bonds falling. with the rating cut, the difficulties turkey faces is in attracting the foreign capital need to cover its current account deficit. turkish assets falling today. that is the picture that tells the best story. every currency today rising against the lira. .rancine: mark barton here in the u.k., jeremy corbyn retains leadership of the party. he boosted his mandate from grassroot members. the results were announced at the start of the conference in liverpool back on saturday. addresses the council today. great to have you on the program could what are we expecting to hear from him? much.thank you so he is going to speak much later. they shadow chancellor will be moreng about interventionist than you yearsve heard in previous . he is going to be saying that the winds of globaliz

couple mergers moving stock today, mergers we knew about. dow and change in the s&p. gains for monsanto, for example. if the merger goes through, it will drop the monsanto name because that is just add pr. hotels get approval from chinese regulators to get blocked by marriott. starwood again or, fedex in moments with its earnings, the stock rallies into the release. joe: let's look at government bonds ahead of these big central bank decisions. sorry, i forgot about wells fargo. getting killed last week, but doing well this week. pretty quiet as the final count ahead of those central-bank decisions. in theexpect more action next few hours with regards to the boj and the fed. i want to look at a chart of the 10 year yield. there is something i want to point out, around 6:00 a.m., yields started to slide. it was fairly dramatic at the time, and there is a poll showing hillary clinton gaining. there is a theory that donald trump will be good for higher yields because more fiscal stimulus. i am not saying there's a connection, but i did think it was interesting that was our high point of the

worst today. utilities, along with energy, down with oil prices, mark. santos -- monsanto -- we are entering the final stretch. both sides are said to be moving closer to the deal, the deal said to be announced next week. for a pricehing closer to $130 per share. wants $130.eemingly they are said to be discussing the one point 5 billion dollar breakup fee as well, but feel it .ould squeeze farmers that is the breaking news. we could be moving closer to a deal between monsanto and bayer. thatbayer move closer to price? let's talk football. this is english football. you call it soccer. soccer authorities investigating -- not only feel -- the chinese companies investing more than $68 million in british soccer over the last nine months. david, what is going on? does china want to take over soccer, david? david: the chinese government has made it very clear it wants to invest as much in european-style football as it can. it was to make the next world cup in china. it has made an incredible move on a number of football clubs. problem?t is the we don't actually know what is doing the buyin

preventing prices from going up. carol: you guys do a story on monsanto, and it has to do with a pesticide, developing a new soybean seed. what is going on? ellen: they want to introduce a new insecticide called dicamba, which already exists. they wanted to come up with a new formulation. they came up with new seeds resistant to it so you could grow these plants and it would take care of the bugs, etc. carol: it sounds like a good plan. ellen: it does, but it is dangerous for other plants so they came up with another formula. it has not been approved but people are using it anyway. it is ending up on other crops . farmers are finding huge crops of soybean being destroyed. it also affects caught in crops. carol: they're making a dicamba-resistant soybean seed, right? ellen: yes, and farmers feel like they have to switch because otherwise their crops will be ruined. carol: you talk about what his going on with the fight against zika. ground zero is florida the , miami-dade county area. it is a political battle. why can't we get money from the federal government to help in the fight

magnitude of the moves in the economy. >> bayer has increased its bid for monsanto. it is up to about $6 billion. it will be around $125 a share. while it is well above its share price, they appeared to want more. it is about a five dollar pickup from the last bid, the original bid. >> from the original. vonnie: the share prices dropped, so it is more attractive even. what is stopping monsanto? >> they have made it clear that they will not negotiate -- they want a 130 minimum to get to the table and try to get a proper deal done. so it is interesting as a playbook. >> is there any discussion about a hostile takeover? ed: there is some conversation. i think there is a low probability of that happening. bayer does not have a history of doing this kind of aggressive deal. and the other thing here is a would just be a difficult one to sell. there is a lot of regulatory stuff that could come up. it would be a mess. i think it would be hard for them to execute on that. matt: let's talk about apple. the company rolled out updated products and features at an event in san francisco today. nota

minutes time. they are ups the ante in its deal to -- bayer ups the ante in its deal to monsanto. we are less than a half-hour away from the european equity market open. let's take you to the bloomberg and show you what is happening. i am going to give you a clue, the w ei function, the fair value cut relation, looks like we are going to see a positive start. european markets are softer. u.s. markets are slimmer. bonds were down as well yesterday. let's take a look at the big moves we so this morning. canada, new zealand, swissie, all seeing moves come through. the u.s. move yesterday really catching everybody's attention. japan back in focus. let's get to bloomberg first word news with david ingles. david: thanks guy good lesson about president -- thanks guy. let's talk about president obama. trump'scized donald affection toward vladimir putin. -- as he spoke at a campaign rally for hillary clinton in philadelphia. eight weeks from election day, democrats are feeling queasy about hillary clinton's narrowing lead over donald trump. the real clear politics at the polls has the propert

$56.5 billion for agricultural firm monsanto, and doubling the fee. and unilever's ceo tells bloomberg best central-bank stimulus is limiting economic growth. nothe reality is is it is giving us the growth that we expected, and the reason is that there is too much towards the top of the market and not towards what some people call the real economy. ♪ anna: a very warm welcome to countdown everybody. i am anna edwards. manus: i am manus cranny. you had in the headline. over they in the u.s. past five days up by 50%. in europe, up 19%. a wonderful story on the bloomberg. it is called misery, not talking about me. [laughter] misery loves a companion. have a look at this. it really does tell i suppose a phenomenal story about asset class correlation. let's have a look at the full screen, dollar for us. oil a big culprit. gold down 22 out of 24 of the developed markets. they are indeed done, in terms of the equity market. there is the risk radar in terms of our perspective this morning. anna: msci emerging markets down 3%, misery loves company. nowhere to hide. but how you like. manus: i

review of its takeover of monsanto. it would create the world's largest seed and crop maker. bayer and monsanto do not expect to close the deal until the end of next year. francine: thank you, seb. equities, a five-day slide. investors trying to decide if the $2 trillion stockpiles have gone too far. let's discuss markets and volatility. with us is andrew sentance and bob michele. bob, let's get to you. we have seen the markets in a tailspin? it is unclear why. we knew that monetary policy -- bob: i think the central bankers were concerned about the complacency in the market. they got what they wanted. iancine: what i was asking, didn't finish my question, we knew that policymakers were waiting to see if they did more qe. the market realizes after mario draghi speaks. why the lag time? havealtogether, they become anxious about the complacency and that they may leave policy unchanged indefinitely. it goes back to the ecb when they decided not to extend qe. you have the bank of japan talking about steepening the yield curve. i would argue the risk in the market is not what the bank o

since january 6. a little flavor for today. , sweetening the bid for monsanto. than the previous bid. pay to be, i have to successful in the deal. it is m&a tuesday today. shares up by 5.6%, a german company, europe's biggest publicly traded health care provider commissioners rising the most in the year. it will pay almost 6 billion euros. you, 58%ard holdings sl owned by the capital partners and the company's management. the merger should result in savings of about 50 million euros a year and will be highly accreted to net income next year. euro area gdp .3%. we had a surge in exports driving growth in the second quarter. domestic spending slowed. .3 versus .5 in the previous quarter. politicalshows how uncertainty can harm economic growth. on big ecb guttering thursday. as well as discussing potential stimulus, the ecb unveils its latest gdp and inflation data. bring on mario draghi. let's check on the first word is today. president obama is promising to work with you and to tighten sanctions against north korea after another missile launch. the president signaled u.s. would re