Ryanair with shares following suit. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Hello and a warm welcome to the first Worldwide Exchange of a fresh week here on cnbc. And its a lot of company news this morning. A lot of it is surrounding the activity of capital heights. We kickoff with astrazeneca who sped up their bid to pfizer. A fourth bid from pfizer rejected this morning. Astra said they would take 58 pounds per share. Pfizers offer was 55 pounds a share. Astrazenecas stock was off 14 . There you can see it down 48 pounds. 38 pounds was where we were before we got pfizer on the table. Katherine is here to cover this story. So this was their final bid. We went to 55 over the weekend. A stra supporters came out over the weekend. Where is the idea of them taking 58 pounds . Theres little wiggle room. Ifs as a tra zeneca would take this, there could be a bid. Theres a branch that one can relieve in the current statement and this is the point when they start considering this in itself fairly usual. So theres a slight bit of wrinkle room, but having said that, if you look at whats happening with the share price this morning, i dont think they believe that pfizer is going to come back with quite a substantial offer because that would be nearly twice what it was before the bid came in. The other thing is you look at the statement from astrazeneca, it is not just the price, thats one of three key points. The other two points arent going to change. It would be rather bizarre to say this isnt just about the price. Astrazeneca shareholders are big in the company and are acting on behalf of their personal interests as well as their shareholders interest. They should be in line, theoretically. Of course, thats the whole idea of share rewards, but there doesnt seem to be a lot in there ability having reexamined the strength of astrazenecas pipeline since this happened, so a lot of people at the company are hoping they can keep some of the bite given by the reexamination of what is going on and what drugs are likely to come to market over the next five to six years rather than the one to two years. Lets bring in mick cooper at investment research. Nick, good morning to you. Good morning. It is interesting, investors have 4 supporting the boards decision to reject what is theoretically a final bid from pfizer, do you think that is the end of it . I think its up likely that pfizer will come back or astra will enter into negotiations given the response froms a a zeneca, but i think that in the next six months astrazeneca will be crucial with a lot of pressure on the board to deliver on the promise that its made in the last few weeks, and that if things dont go to plan, i think pfizer could potentially come back when they are able to in an erratic point of time. If i was a shareholder, what would make me nervous is they upped the cash parts, but not many longterm investors and pension holders want to take pfizer paper. Is that in consideration . Definitely. I think if it would have been a straight cash offer, i think it is likely that it would have gone through. But i think the board is under a lot more shareholders pressure to accept the offer. With the return dependent on the performance of the shares and potential disruption in the merger meant that it wasnt accepted. If it was cash, i think it probably would have been. Whats the problem with holding pfizer pain her . The man who created astrazeneca wrote that pfizers soul is very different, the cultures very different, and you look to the purchase of Warner Lambert pharmacy and its a slash and burn strategy. Is that fair or not . I think it is fair. I think that there is a culture between the two, but one is more american and the other more european. I think hell probably justify it and i think it is absolutely uncertainty that this is how he feels about holding pfizer paper. How much execution is there with the drugs in astrazenecas pipe line at the moment . Same as any older discovery. Its ris did busineky business. They are proving the mechanism of action, so the recent data that was presented from a number of product does look very good, but there is always risk. And these are one of the key things that could determine whether or not pfizer comes back in six months time. Okay. Mick, good to see you. Thank you for that, mick cooper, Health Care Analyst at investment research. Thank you. Katherine, thank you. Your blog and report is up and running throughout the day on cnbc. Com. Thank you for now. In other news, at t agreed to buy directv for 48. 5 billion or 95 a share. At t expects the takeover to deliver cost savings at and annual rate of 1. 6 billion by the third year after closing. Closing is an issue. If it happens, it will create americas second biggest paid tv. Both firm ceos told david faber that rising content costs and the growing mobile platforms were amongst the forces behind the talks. Some answered a question why at t would buy directv when u. S. Satellite tv subscriptions have flattened. At t in frankfurt is flat. There will be some regulatory rule casting over that proposed deal as well. Now googles reportedly struck a deal to buy the gaming site twitch for more than 1 billion. This is according to a report in variety. Twitch is a privately held Video Streaming Service for gamers. This report suggests the old cash transaction will be announced imminently. Twitch was founded with more than 45 million monthly users. Shares for google are flat today as well. And siemens may make a deal for the power business while the french government takes a stake in the rail business. Hes already in talks with ge over a 17 billion bid for the four arm. They will decide on that in june. The french government has been openly critical of ges bid. Stephane is in paris with more on this. They are changing the rules on the ability to block deals, stephane, so what do we think is going to happen from siemens, is it certain they are going to come out with a bid . We are expecting them to make a bid according to reuters. Siemens could propose 14. 5 billion in cash, which could be less than General Electric. 6. 9 billion for the american offer according to reuters. The french government could also step in and buy a stake in the remaining part of the transfer business. We are talking about a 10 stake in that unit. Officially the french data has no preference, thats the position from the head of state, Francois Hollande. But we know he would prefer a deal with siemens. As you mentioned last week, the french government issued a dekreeg allowing it to block any foreign takeover of a French Company in the strategy sector. Its an extension of a loose offer only the defense and Nuclear Sector roughly have plenty of other activities including transport or energy. That would be something that they could use to block a deal with alstom. It is not clear if the french government wants to favor a deal with siemene but it will force General Electric to sweeten its original bid and could transfer to alstom. Well see what happens on that. Deutsche bank is one of the biggest losers in germany this morning in the stock exchange. Investigators react to raise 8 billion euros in fresh capital. The german launch a capital height over the weekend in a bid to put an end to questions about the capital strength. This after raising 10. 2 euros in 2010 and a further 3 million in 2013. The katari family is taking measures to existing shareholders. In a statement the bank says well accelerate the growth by hiring leading bankers in the state, investing in cash and Technology Improvements and taking up to 100 new advisers to support the biggest corporate clients. Well speak to annetta about this later. Also to come on todays show, facebook takes launch with slingshot which is like snapis that the. Will this hit the bullseye . Tus turbulence ahead for the airlines . And finally, godzilla is back and ripped its rivals apart at the box office. See how much the japanese moster is making this time around with its latest franchise. [ female announcer ] theres a gap out there. Thats keeping you from the healthcare you deserve. 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The nasdaq actually up half a percent. The rest had a better day on friday as well. This is where we stand into this session. The ftse 100 up a half percent. The tax is down a quarter and as is the cac. Well show you where we stand with some of the top stocks as well here in europe this morning. Well take a look at the holdings up 5. 7 today despite posting the drop in annual profit in five years. Fair cuts with a weaker pound weighing on the earnings, but a full profit ahead of expectations. Investors are working the news that ryanair sees a 4 rise in the 2014 traffic. They will be launching more roots. Well hear what the cheo has to say coming up at 10 40 cet. And iag is up 2 . And thomas group is down. Last year the tenyear yield hit a sixmonth low. We had strong housing data on friday. Housing stocks jumping, Building Permits up near sixyear highs. That did drag the yield up just over 2. 5 . Look at the tenyear yields at 1. 32. And on the currency markets, we saw the euro hit a twoandahalf month low at 136. 50. Moving along, can we show where we are right now . Can we do that . Maybe we have a gremlin in the system this morning. Thank you very much. 137. 17. Its a little high. Dollar yen near 130. And we keep our eyes on continuing challenges facing india. Now we have the moody government coming aboard. Are they going to meet the expectations of investors . South koreas president apologized for the ferry disaster last month that left 300 passengers dead. And she disbanded the coast guard for the slow response. The duties will be transferred to a National Emergency safety agency. And the National Police will take over the investigative function. The president s popularity has been hit hard by the governments response to the worst civilian maritime disaster in 20 years. Polls show support for park has dropped since 20 points since the april 16th disaster. Vietnamese authorities have quelled protests against chinese nationals and interests in the country. Theres been a mass exodus of chinese from vietnam. Beijing evacuated more than 3,000 people from the country amidst the antichina protests and attacks two. Chartered flights brought 300 home yesterday and five more ships are doing the same. The official Chinese Agency says two nationals have been killed with more than 100 injured so far. Vietnam apologized and vowed to protect investors. The protest against chinas decision to build an oil rig spiraled into destruction of chineseowned factories. And a big miss today in thailands First Quarter gdp numbers that have slunk by 2. 4 from the First Quarter. Much weaker than the contraction forbes expressed by economists. This is weighing on tourism. The countrys key driver of growth. We are seeing technical difficulties this morning affecting some of the market data. So keep your eyes on that if you are indeed impacted. And mr. Carney is giving the latest threat to Financial Stability with a shortage of housing at the crux of the issue. We are not going to build a single house at the bank of england. And we cant influence that. What we can influence and we will do this as appropriate is whether the banks are strong enough, do they have enough capital against risks in the Housing Market, are they under standards that are tough enough so people can get mortgages if they can afford them, but they cant if they wont, and by reinforcing both of those, we can reduce the risks that come from a Housing Market that has deep, deep structural problems. Earlier the u. K. Business editors said they have deep, deep, deep structural problems, which is not the bank of englands problem they can do something about. Talk about bat it out of the park. Very political comments there. We have had rising concern in the u. K. About these runaway prices that we have essentially had in the Housing Market. Remember in the southeast in london places saw house prices going up not entirely, southeast up 18 this year, but actually across the whole of the u. K. You have house prices going up 10 . So this is a massive problem. And not only house prices, what they are worried about is that some of those mortgages that were seeing where its four to five times your actual wages have actually increased. And thats a problem. That debt risk is a problem. We had measures brought in at the end of last month. The Mortgage Market review, which tests your affordability. So basically the problem is where these historically low Interest Rates, does that mean that people are going to borrow too much . And then as those rates go up, they are subtly going to be hit with a shock. We are told they are not going up hugely. Theres an expectation that they might go up 2 . They will go up slowly but not to the previous levels. But even so, compared to 0. 5 , people are due for a shock. I think the question now for the bank of england, one is that hes battered it back to politicians saying that the issue is we dont have enough supply. And this isnt a bank of england problem. Dont be complaining to us about the fact that we have these longterm low Interest Rates. Remember, this is carneys desire to keep those rates low for the foreseeable future. Hes going out of his way to use Interest Rates as the last in a line of defense against house prices. So when are they going to launch the box of tool sets . When are they going to change the values and say its okay. This is the thing. We have june as the fpc meeting. And all eyes will be watching this. Are they going to bring in a cap on the income . Are they going to cap the kind of ratios here. I think thats the meeting everyone will be looking at. And the warning you heard on the weekend from mark carney is not dissimilar to that flagship speech, thats the Deputy Government in charge of Financial Stability. He came in a couple of weeks ago and said, really, the biggest threat to Financial Stability in the u. K. Is the Housing Market. And something needs to be done. So i think we are going to see actions, but whats interesting is that those macro prudential tools essentially mean to the every day buyer who wants a mortgage, they will face higher Interest Rates. Even if base rates stays at 0. 5 . It wont feel like 0. 5 for very much longer. You cant borrow anyway because theres a guild yield. So as much would depend on the u. S. Policy as it would on u. K. Policy. Indeed. Which is the way these work. Thank you very much, indeed, for that. And so, we want to know where you think the buck stops for central banking . Join us at the conversation at worldwide cnbc. Com. Facebook is reportedly developing its own chat app like snapchat. It will allow you to send short chats. They have offered 3 billion for snapchat late last year but it was turned down. This comes as facebook just hit the twoyear anniversary since going public in the u. S. Sunday. Googles also looking at another deal. Its apparently looking to buy the site twitch for 1 billion. These Companies Like to splash the cash. This is according to a report in variety. Twitch is privately held Video Streaming Service for gamers and suggests that your cash transaction would be announced imminently. Twitch founded in 2011 has more than 45 million monthly users. Shares of google are fairly flat. And just to remind you about godzilla at the u. S. Box office. The 3d movie had the second biggest debut of the year pulling in 93. 2 million. Not bad for a weekend. It was also the biggest may opening ever for warmer bros. The film stars brian cranston, star of the u. S. Hit series breaking bad. All right. For movies to politics, we understand that russian president Vladimir Putin ordered troops back to bases after drills near the ukraine yap boa border. And well get the latest prices in the treasury yield after hitting a sixmonth low. More to come. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Headlines from around the globe, a difficult pill to swallow with astrazeneca shares down as pfizer rejects its final offer of 55 pounds a share. Deutsche trading lower following an 8 billion cash stake. And at t has a 48. 5 billion deal for buying directv. They face a long regulatory road. And an optimistic look for ryanair despite public falling. Other airline shares are also following suit. We are an hour and a half into the trading day in europe and shares are just slipping down into a little bit of red this morning. The ftse 100 and the dax are lower by 3 this morning. It may have something to do with the Financial Sector. It may very well be financials are low and they need to raise more money. Well get into that. Lets find out whats happening