Transcripts For FBC Mornings With Maria Bartiromo 20160523 :

FBC Mornings With Maria Bartiromo May 23, 2016

Beyer offering to acquire monsanto, largest agriculture Chemical Company. The stocks on the move on this big deal. Big deal of the day. Market action meanwhile looks mix in asia overnight at the g7 finance meeting ending with no action. Nikkei hang seng lower, shanghai kospi higher. A third of a percent. Cac quarante down and in the u. S. Futures look like this edging lower, we have a of course, a handful of economic reports and earning reports this week. We are expecting a lower open forking the broader averages. All the stories coming up right here this morning and with me trading partners michael block, Anthony Scaramucci, good to see you guys. Good morning. Maria feels like a busy day with the beyer deal. We were just talking about this, people are looking for a higher bid than 122, this is starting point. We are going to hear more about this. Maria this gets a number of other Companies Moving as well in the sector. We will be watching that. As you can see monsanto trading up this morning. 11122 on the ask. We have a cantmisslineup. Massachusetts senator and donald trump supporter scott brown with us and former House Majority leader tom delay, you dont want to miss a moment so stay with us this morning. New polls over the weekend show that party front runners Hillary Clinton and donald trump are now in a statistickist call dead heat, clinton leads the presumptive gop nominee 34 to 46 . A difference within the polls margin of error making it a statist call tie. Both candidates viewed unfavorably by a majority of voters with nearly six out of every ten having negative impression of both trump and clinton. Surprising Bernie Sanders is the only candidate with a net favor ability rating, both claim the other is unqualified to run for president. We can go on for days, when you look at her decisions, just bad judgment, she suffers from bad judgment. Thats Bernie Sanders saying it. He has been rather nice to her. He didnt pick up on the emails is a big mistake and she shouldnt be allow today run for president but she has bad judgment and therefore should not even be qualified to run as president. If we dont respond to donald trump, i said he was unqualified to be president , i believe that deeply, im going to keep focused on donald trump because i will be the nominee, i will be running against donald trump and n the fall and i do not want americans and good thinking republicans as well as democrats and independents to start to to believe that it is a normal candidacy. We need a campaign, election coming up with now has two candidates who are very strongly disliked. I dont want to see the American People voting for the lessor of the two evils. Good to see you both, gentlemen, thank you so much for joining us. Whats your take on what how close the polls are getting right now . The polls are very interesting, hillarys negative continue and increasing but donald trump negatives are decreasing and normally when you have two figures that are as widely known as these two they dont have a lot of flexibility. If donald trump continues on his trend, this could end up being an election with a fairly sizable ability to win six, seven or eight points. Maria how do you see it michael. Most voters that the other is not qualified to be president. It really is as unprecedented situation here where you have the so unpopular candidates, one of them the likely to be the next president. And so i think you have a different situation, diercht dynamic, people are not voting positivey for their campaign but most negatively against the candidate they dont like. Thats something that i dont know if we have seen before. Maria how do you deal with that Anthony Scaramucci, trying to raise money for donald trump . Anthony absolutely not. Maybe there are pockets of it. The republicans want to win and want to consolidate around him. I have a question, 6 or 7 , thats like a regan landslide, take us through the next few months of how that happens. Bush victory over michael decacus, here is what im looking at, you see in march and april what was a ten or 11point gap when you looked at the wall street journal, Washington Post poll where hillary was ahead and thats because with the negatives associated with donald trump. His has decline and you normally dont see that kind of drop. That would lead to a significant amount of space for for a largersize victory. Anthony do you think your boss will come out and endorse him . I have seen a large number of republicans come together for consolidation, will the former president come out and endorse donald trump, it may not matter because of this impression that hes able to leave people, but what i will say is youre starting to see people show up in the primary and perhaps theyre going to show up in the general that have stayed off the boat a decade or longer. Maria what about the story over the weekend, Washington State republican snubbing in delegate election, they supported ted cruz 40 to 41 in pledged delegates. Come on, cruz is not even running anymore. Theres no doubt that a lot of people have yet to come to terms with who the nominee is going to be. If you may recall Mike Huckabee stayed in the race in 2008 almost till the end and there were still people voting for him even though there wasnt any chance of it. The difference we are seeing here is that while john mccains numbers were nearly as strong this close out, they waited until after the convention before the closing between him and barack obama. We are seeing a tightening much earlier and hillarys Campaign Still continues, she hasnt wrapped up the democratic primary yet. Maria who do you think, michael, hillary should be looking for running mate . Who do you see as the choices t . If she we wanted to solve problems in her party, she might choose Bernie Sanders . Maria would that be helpful to her, you think . And a lot has to do with the fact that there are a significant number of democrats, this is still an open primary race somewhat in the democratic side who are dissatisfied with Hillary Clinton, so she can pick somebody from her left maybe not Bernie Sanders, elizabeth warren, that could sure up the problems that she has with the democrats and look at her and think, really, this is who we are going with the nominee. We are looking at the unfavorability ratings and they are high among candidates, you look at donald trump, perhaps hes going the right way in head to head. The point is senator warren with all due respect to her and what shes trying to accomplish, anyone from the left, the hillary going to be able to reduce unfavorability to the race here, does she are oh to move to the center . I dont know to be honest. This election is so sort of backward in the way we think of things, you run to the right or the left depending on the primary and then you run to the center in the general. Donald trump is kind of all over the map here. We kind of have to set aside any of the sort of conventions even when it applies to Hillary Clinton. In a lot of ways she has an issue, theres talk about third party, conservative to challenge trump and Hillary Clinton. There could be somebody a fourthparty candidate from the left, somebody like Bernie Sanders who really has capture it had lefts hearts and minds. I think she has to be very careful about angrying the people in the base of the Democratic Party, so its kind of a balancing act here and its going to be much harder for Hillary Clinton to wrap this up and i think democrats thought if they were facing donald trump, because of these problems, not on her left but her general unlikability throughout the country, i guess they are only saving grace that trump is also just unlikable. Maria real quick on trump and vp candidates. I guess hes having a meeting with bob corker. Would that be a potential vp . Anthony my guess is hes going to pick somebody thats superinside, superwashington sort of a person. Maria yeah, we will see about that. Michael, thank you so much. We will see you, sir, thank you. Beyer, 62 billiondollar offer, is the mega merger a smart move from the companies, our experts weigh in. The biggest in music in sin city last night. Best moments from the 2016 Billboard Music awards. Coming back in a minute thank you. 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Cheryl casone with the details and the other headlines right now. Cheryl good morning, maria. During the press conference with vietnams new president , president obama making historic announcement that United States is ending embargo on the country. The United States is fully lifting the ban on the sale of military equipment to vietnam that has been in place for some 50 years. As with all our defense partners, sales will need to still meet strict requirements including those relate today human rights. But this change will ensure that vietnam has access to the equipment it needs to defend itself. Cheryl well the president will head to hiroshima, japan, first site of nuclear bombing. Search underway for egypt air light 804, egypt sending submarine for look of black boxes including the flight data and recording of the cockpit voices, those black books, they need them. More than 1 oh 0,000 of debris cheryl finally this, uber riders are more likely to accept search price if their phone is about to die. This is according to Economic Research f your battery is light you might not want to wait 10 or 15 minutes and then youre not going to get a ride at all. Uber, i dont know, found it very interesting that theyre pulling this data and making it public. Kind of a threat, dont you think . Maria i dont know, lowphone battery impact your decision about taking uber . Micheal its crazy, things eat up the battery, i even have my train ticket. I have to get my phone charge unless i will get kicked off the train. Uber you name it. Everything has become more essential, its almost like uber is in it with the phone or battery people. Anthony i have to show my age here. Maria you print out your boarding pass . Anthony 100 , maria. [laughter] maria 62 billiondollar offer from monsanto makes sense. Move over captain america theres a new king of the box office this weekend and they are not happy about it. The movie that blew to the top spot next back in a moment recently, a 1954 mercedesbenz grand prix race car made history when it sold for a record price of just under 30 million. And now, another mercedesbenz makes history selling at just over 30,000. And to think this one actually has a surroundsound stereo. The 2016 cla. Lease the cla250 for 299 a month at your local mercedesbenz dealer. Mercedesbenz. The best or nothing. Maria welcome back, shares of monsanto moving up after beyer made a 62 billiondollar offer to acquire monsanto, this merger that would create the largest agriculture supplier, all cash offer, values of monsanto 122 a peace. News that the deal was about to break, charlie, good to talk to you, morning. Whats behind this . I will say this, its not a done deal till you see the paper, you see it in the paper that monsanto agreed to it, based on my sources, they want to do the deal. What ive been told is they are going to approve it within the next 2448 hours. Here is where it becomes interesting in, the Obama Justice department, antitrust division has not been kind oh crossborder motheringers and motheringers in particular and neither the european regulators, so, i think, both sides my guess is this thing we are going to hear from monosapto based on my sources soon that they want tood this but then it becomes a political gain. Just remember they tried to buy the New York Stock Exchange and someone trifling as listing the overseas regulators killed the deal. We are talking about something much more pertinent to everybodys life which is drugs on this one. Maria the largest deal for a german company. This brings into the business of genetically modified crops. This is what the journalist is reporting this morning. Genetically modified crop business is highly valued. Micheal we dont think theres going to be a huge overlap in terms of antitrust. Problem is the company is lighting rod. People dont know about business, the name monsanto comes out because of gmo. How important is this going to be, is there going to be a lot of scrutiny because of that factor . Yeah, i guess so. The press will be all over it because of that. If you do enough reading on this issue, in order to feed the world we need gmo, we need genetically modified stuff. That is the only way the entire world is going to be fed, thats the only way you are going to eradicate world hunger and, i dont know if the Obama Justice department or the uk overseas regulators get that, these are the necessary companies, theres no way to massproduce food without doing certain things. Thats going to be the case that they are going to make. Listen i shop at whole foods all of the time and i look at the labels, theres no doubt about that, but i have the luxury of looking at the labels because i make enough money. This is something this is going to be a worthy debate about gmos and what they do and how important they are to eradicating world hunger. I think this deal could be the catalyst of that. Anthony lets shift gears and talk about some of the major investment banks are out of this deal, is basically representing monsanto, what are your thoughts about the fact that a lot of the investment banks have a largescale investment banks cant seem to get themselves in deal . Morgan stanley is on the other side, right . Anthony yeah. Maria, you and i did a story about a guy named mimal kramer who was leave to go set up his own shop, well, guess who runs, none other than Michael Kramer. Hes a restructuring expert, hes involved in puerto rico and the guy behind sierra. This guy may be one of the best bankers in the country and created maria thats the point that anthony is making. I would say, anthony, because of deal flow and there hasnt been great deal flow, a lot of the midsize investment banks are struggling. We should point out parela has been merging with a firm in texas because they need to scale down, you know, i wouldnt be putting the spike through the heart of the major investment banks just yet but i will say this, if you have a specialist like Michael Kramer who is really good at restructuring and really smart, you know, those are the firms that are going to survive. We should point out that this is not a restructuring, this is on the long end. This firm is doing interesting things. We should point out paul doing interesting things. I think its a black stone spinoff of an invest meant bank as well. Micheal kramer is so good, is 122 the end, is monsanto going to take that . Last i heard 130 . Listen, i can only i know know that the deal my sources said last night that the deal is done over the next 2448 hours, my guess is we are either at the price or very, very close to it. So this seems to me that, you know, this is a price that i think both sides because they are being theyre scructively engaged is the word that bankers use, my guess is we are right about there and the real question becomes, you know, theres an issue here. You want to pay a lot but not overpay. I mean, its advance. Thats where we are right now. Maria charlie thank you so much. Still to come the hedge fund love berometer, what Technology Giant was the least loved next. The 2616 Billboard Music award taking over las vegas, winners and best moments of the night including this one brity spears getting great reviews of performance on this classic. Maria good monday morning, everybody. Welcome back, it is monday may 23rd. Your top stories right now with 6 30 a. M. On the east coast. President obama with major announcement. Ending the 50year arms embargo to vietnam. Normal relations to vietnam. The president addressed the killing of a taliban leader by a drone strike and what it says about the United States presence in the middle east. It is my responsibility as commander in chief not to standby by make sure we send clear message to the taliban and others that we are going to protect our people and thats exactly the message that has been sent. Maria on to the race to the white house, dead heat now, new approximately show donald trump and Hillary Clinton neck and neck, both support and unfavorability. The latest developments coming up. The beyermonsanto deal not the only one to watch. Ge will double workforce in the country by 2020. The Oklahoma City thunder taking game 3 over the Golden State Warriors, it was a rough night for stef steph curry and company. Markets a mix, mix market in asian overnight after finance meeting. In europe this morning stocks are bit lows, we are still looking at a negative story. Ftse down a quarter of a percent and cac quarante down. We are expecting a lo

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