News. We have a great lineup today. These are the most important businesses businesses. The present the president is planning possibly an airstrike in syria. President will address the nation at 9 00 p. M. Eastern time. Microsoft is in talks to buy the maker of mine kraft. Than 2t might pay more million. Netflix is among 100 sites, internet slowdown day. They are intentionally intending to slow connections. Providers i am going a little downmarket but still big dollars. Todays rival Dollar General is taking its bid directly to shareholders, lower bid from a different competitor. Dollar tree. This is confusing. A lot of twists and turns in the threeway takeover battle. Olivia sterns is here to walk us through it year it helped me. Dollar general, dollar tree, Family Dollar. I am looking forward to zach posing for dollar tree. That would be huge. This all got started this summer when nelson carl icahn said they had bought up states in Family Dollar. Thirdy, dollar tree, player here. Three weeks later, Dollar General offered to buy Family Dollar, so they countered a couple of days and Family Dollar rejected that. September 2, Dollar General made now,ond bid, where we are 9 billion, also adding safeguards, saying they were at at a more stills more stores. Dollar general is going hostile with a 9 billion bid, trying to take it directly to shareholders we what ist is the latest we have heard from the house a month on . They made a lot of money. Shocking. Kind of annoying. June, if youack in look at that date compared to the latest icon filing, he was up about 23 and now has a 4 stake. The biggest shareholder is nelson. What is the argument against Dollar General . What is all of this about . Dollar general is the biggest dollar store and then Family Dollar is the secondbiggest. The two of them are very similar. They sell primarily low items. Dollar tree caters to a more middle income consumer. Dollar general and Family Dollar are very similar. In a lot of neighborhoods across the country, you see them right next to each other. A lot of regulatory concerns they would be stepping on each others feet. Walmart. T is walmart has been pushing into the smaller marketplace format and that could actually be competition. Are small and walmart ever in the same sentence . Yes, now. Amazing. What they are trying to do is back all the regulatory concerns. They hired the former director of the bureau of competition for the federal trade commission, for the sec. A very wellknown law firm, and he is confident they will get they will get through the antitrust hurdles. Shareholders will be a lot less interested in the politics of situation. Now people are saying the Family Dollar tree has to come back with an offer. The market is not betting that is happening now. Down a few pennies. Where is Family Dollar it now . Above 80. Down again. There you go. Thank you for the latest. We need you to get on location. I need to see all three stores, the pros and cons. A good idea. Thank you. We need to talk about another company. This year. Alibabas coppers will be full of cash. What could be on their Shopping List . Not Dollar General. Snapchat . That was pretty good. Lets put this into perspective. Ipo, alibaba, chinas biggest ecommerce company, could see an extra 8 billion of cash enter their bank account. Bending capabilities could 15 billion. As they look to grow their presence here in united days, they will acquire. One analyst tells me the best way to do that is to acquire, acquire, acquire. Acquire what . Take a look at snapshot. Millenials, mobile penetration. It is huge. Facebook already wanted to tap into the company and snapchat said no to 3 billion offer your this could be huge. What is interesting is sources say conversations will continue after they stalled a couple of weeks ago, after the ipo. Bobs competitor in china actually owned a small stake in snapchat. It will be interesting to see how they navigate those letters. Another analyst is telling me alibaba needs to be everything to all people on the internet, away from mobile, you can imagine they will enter internet tv. One company that will be on sets topless makes top that go on top of tv buses. They can also look at another long speculated target, which makes the internet work faster. Interesting one, chew on this, yahoo . Think about this. State. Already own the you can see the confusion. There is a lot of confusion. An interesting point. Yahoo currently owns a stake. They will delude themselves to 16 . Theyey sell those shares, will have to pay taxes on that. All bob alibaba buys yahoo , they do not have to pay tax. My question is, many people have been saying the most valuable thing at yahoo is there stake in ali baba. Alibaba,o is without what is alibaba want with yahoo . To sources talking in hong kong, they would say to me, the worst thing that happened to alibaba is that yahoo invest in it. They do not like yahoo . There has been a lot of confusion and debate within management that yahoo was an investor. They want yahoo out. This is an elegant way of alibaba buying back shares. It is an open question as to whether alibaba wants that. The market does not put a particularly high value on it. Once alibaba succeeds in going public, what happens to alibaba and orissa meyer . They become a minority shareholder like everybody else. Degree, it does not care as much as it cares about employees. They are in line with the rest of us. Melissa meyer and yahoo by that point. I would not disagree. I think that inaccurate. Reflective of what ive been hearing on the street. Thank you. The latest on alibaba and what it might buy. When we return, the mobile payment resolution. Apple plans on being the ringleader. We will speak to one of the partners. Economy. The apple there are plenty of winners outside. We will tell you who they are. Is it really time to say goodbye to your wallet . Tim cook is betting on it. No more cash, credit, or debit cards. Ort a wave of your iphone your apple watch. That is why apple pay is potentially the most interesting and promising announcement to come out of yesterdays extravaganza. No mistake, if there is a game changer here, it is apple. Macys,s, starbucks, target, or some of the retailers that will except apple pay. Behind the scenes are some other familiar names. Running the Payments Networks, taking the cash out of your account. Consumer, gavin mitchell. Good morning. Apple pay work and what what isan che jpmorgan chases role in it. Whether that be in a physical branch . None of the account information is stored on the device. Represents that information that exchanges with the transaction. It is taken out of the device and is useless. And we start to see customers touch to pay. Why is chase cooperating with apple . Or do you have no choice really in the house of apple . When apple contacted us about the new system, we can see it has the potential to be a game changer. Way back in 2008, we were the first major bank to release our application into the app store. Since then, the platform iphone has become incredibly important on customers. You can see it would be a game changer and we started to jump at the opportunity. Few understand Digital Payments as well as chase does. I do believe apple is going to be a game changer. Massively going to be successful the way google is so far, ebay with paypal, and square have not yet . Is wet is different started to think about how we the easy. Is we started with Customer Experience and then we know that is one of the number one barriers to adoption in this sort of Payment System. We started and put security at the heart of the Customer Experience. We are in a unique position we are able to both help consumers adopt a new technology and help merchants accept a new technology. Emergencetart to see come on board. What is different this time is we have got a great Customer Experience, which puts security at the center of the solution. We build an ecosystem around the Payment System. We are starting to see a massive shift to mobile in our customer base. One of the fastestgrowing channels to mobile banking. Industries have to do business with apple, whether we are talking music, books, apps, they all live to regret it. Isnt it tough to give apple such a big the dealot talk about construct. We have a Great Customer forrience, a great way merchants to accept new forms of payment. What we see is an environment where rising tides, everyone wins. Now, whatrs from percentage of purchase transactions by chase customers do you expect will be done through apple pay . It is difficult to predict the future. What we come back to is being where our customers want us to be with their payment, whether that be in wallace such as the one announced yesterday, or other forms of online payments. But we are seeing is a trend where customers are wanting to spend more online. As we look at the mobile device, we needed a Customer Experience that made that conducive and easy for customers to execute here that is what we have seen. How about Security Issues customers are more and more worried about . Is the biometric authentication make us not worry anymore . Is it a Problem Solver . Are using thiswe token, a representation of credit card information so what is exchanged with the merchant is not the actual information, but a representation of it. If it is taken out of the system it becomes useless. This is not a solution developed specifically for apple pay. It is a solution the Financial Services industry has been driving for a while and this is the first application. Thes one of the banks on right side of the interchange know how bitterly merchants complain about the 2 fee they have to surrender to participate in the Payments Network system that we currently have, and given the fact apple pay in theory makes things easier, is there an opportunity in the future to reduce that 2 fee, or perhaps to shift the burden of payment onto the consumer for the convenience of just being able to wave an apple phone . I am not talking about the construct. Im just asking you whether, looking into the future, this is not about chases deal with apple. Merchants,er or not because of the virtues of technology, because it makes. Hings easier costn collectively cut the to drive more merchants. What we are seeing when we start to look at how merchants is tothe solutions is, take the technology in front of customers. It is looking at both sides of the equation. Starting with the customer and merchant experience and how we join those two together. What happens from that is we start to see Consumers Want to use the technology. That will shape the future moving forward. What is it you are offering and creating that is so different from a paypal or google, where they have not been as successful as you hope to be . When i look at what is happening across the payments space, what is important to us is we have our credit cards amongst a lot of different systems. What were trying to do is be where our customers want to spend. We look at a variety of different systems and make sure it is easy for our customers to participate. Apple pay is significant in that the easeofuse and the security elements we have taken into account, what were looking at is, how do we work across a wide range of players . Thiswe see as exciting in one is that we have really started to look at the holistic payment experience, the consumer, the merchant, and bring the ecosystem around the conservator around the consumer. It is simple and it ran away. Digitalilblazer in banking. It is good to have you displayed why you have decided to partner with apple pay. When we return, walmarts most important focus group. I wish i called my kids for this one. Stay with us. Welcome back. It is more than three months until christmas. Already, you know the big retailers are well into their plans. Is using allargest outheir tools to figure what toys will be top sellers. Experts to determine its top released today. Twice there she goes. Air storm fire tech bow. Oh. These are just a few of the chosen bylmarts kids list. Light up very, air storm fire tech oh. Snow globe, outfit all. Few of the toys on walmarts choose by kids list. For the second year, walmart invited hundreds of kids to dallas with one important but. Un we voted on their favorite. The worlds is largest retailer used to rely on an army of toy virus to pick hot items. With the kids in charge, they discovered what they wanted. Creativity and crafting. Hot licenses and entertainment. One word frozen. Remember hot wheels . How about a remotecontrolled flying car . Walmart uses the list to market the toys as chosen by kids in stores and online, touting them as a way for parents to get insight into what their kids want. With just a wave of your hand. We have never had one in the marketplace. Realized we needed to have more to really satisfy everyone. This event helped us really do that in a way that the buyer sitting at their desk would not have known. Live, this is Market Makers. I am Erik Schatzker. Eu members are meeting today to consider tougher sanctions on russia. Truceg that uneasy between ukraine and prorussian separatist. Many sanctions can have a boomerang effect and can come back to hurt eu, especially in if russia retaliate. The European Union trade commissioner is with us here on bloomberg television. Mr. Commissioner, thank you. With this question. How difficult is it right now for the eu to speak with one voice on the subject of russian sanctions . It has become easier recently because as oppression went up, we realized, ok, we have to make a decision. Packages have been prepared by the commission. Friday, the last package, not that difficult at all. It is going well, i would say. What about the objections of countries like finland and hungary, which, as far as they are concerned, stand to lose more visavis the relationship with russia . We have been preparing those relationships. One of the guidelines, preparing are hurting all Member States more or less in the same way. You can never have that in an identical way. We always had it in mind that mobile should be singular eyes. I am in a somewhat special position. Of course, Member States all agree we have to take these sanctions. In the last package, we have decided it. We publish is depending on what happens on the ground in eastern ukraine. We keep it as a leverage so that putin has to demonstrate in the coming days. Let you expect to happen in this afternoon . What do you expect to happen this afternoon . Practice andipment i would not expect they do it immediately now, as long as the ceasefire holds and provided putin is ready. Is it a foregone solution that sanctions would be imposed if the ceasefire breakdown . Yes. That is an absolute certainty. Is it possible sanctions would be imposed even if the ceasefire holds . Yes. Why . It is not only about the ceasefire. It is also about what comes next. To what extent will the russians really respect ukraines sovereignty . That remains to be seen. You look at what is happening in east of ukraine, it gives the impression they are construing what they call the frozen conflicts. Facto, would mean that you do not respect the sovereignty of ukraine. Were are not going to introduce sanctions. It is about the broader picture. Trade with russia is two lace. Russia exports, principally energy, to the eu and exports, other things to russia. But it is not just about energy. What degree does the standoff with russia raised the importance of trade negotiations eu is conducting with the United States . Does. Obviously, trade is very geostrategic. This puts very much into the picture. Much moreuld be Energy Independent from russia. That is why having the agreement with the United States, a dedicated chapter on energy is very important, that we are packed in that. Our negotiating prediction is for acessarily easy number of historical reasons and also because on the other hand, when youre the biggest client, you also have has the United States demonstrated a willingness to make an agreement part of that . They should. We have a common interest. It is not only about sugar. I think they understand they should do so. It is not only about europe. It is also about Strategic Interests of the United States. You should not forget the United States are the main partner in nato. Guarantee incurity nato. As thecurity agreement president reminded us in his trip last week. When will it be done . It feels like negotiations have been dragging on forever here it when will they finish . They have not been dragging on forever. It just feels that way. It feels that way because everybody expects it to happen overnight. Normal. It is we do not take very political decisions. The midterm elections in the United States, the transition of the European Commission in europe. I would say the best window of opportunity to come to grips with this is next year. I have always said from the start, you need a lot of clinical steering to get to that agreement. We will have to demonstrate that in a couple of months. Polls suggest at the moment that the scots are leaning toward independence. What would that mean for trade . Not have any Immediate Impact on the trades. For thewould it mean eu . There is something else. Serious be a very question. It would be a disaster, i believe. Selfdetermination, that is what the ukrainians want. Also, european, because there are that kind of tendencies. It would really have a b