they plan to buy medical record company cerner for about $95 share which will be about 23.8 billion in equity value. that deal would be expected to close in 2022. one of the biggest in a record year, reporting u.s. mergers have doubled in 2021 to more than 2$2.5 trillion. this year could top off a year of gains the stock up more than 40% year to date. it's an interesting one. i remember that deal not just for oracle but all of tech oracle people soft almost 20 years ago. it was over a third of this amount that oracle paid around 10 billion >> yeah, that was a long time ago now john i think what's so interesting here is, yes, this deal helps oracle as it continues to its pivot toward the cloud but also health tech. we cannot underestimate the opportunity and the fact the pandemic has shed a light on how much of the health care system still needs to be digitized. still need to be brought into the cloud and so many efficiencies that are there that need to be seized in this moment where we're relying on the health care system >> let's talk more about this. where do you focus in this enviro

is what cerner does, a medical record company. it would be their biggest deal by a huge margin compared to the path transactions. $30 billion, pushing cerner much higher and oracle lower. we have to end with cryptocurrencies. i want to point out, a theory and's gains in particular, it has outpaced other cryptocurrencies to date. it is because of the technology that is used in tandem with nft's as fts boom, ethereum gets a bed. taylor: it is about the underlying technology. it going to my 50 weekly drop. -- bitcoin, fifth weekly drop. we are pivoting about how we think about this and shifting maybe to the other underlying technology things. let's tech with this world of -- let's stick with this world of crypto. janine is behind the biggest metaverse property sale. what is fascinating is we came in with bitcoin as the underlying technology and then this year, it was about meme stocks and that it felt like an fts are this new frontier -- an fts are this new frontier. are we getting it right when it comes to nft's? >> i think you are

a big deal for oracle, buying cerner. >> one of the two big stories, oracle is looking at buying cerner for $28.3 billion. the wall street journal, reporting it will be buying it for $95 per share in an all cash deal. this will be the biggest deal for oracle in a while. i want to hit two quick stocks, apple and ericsson. apple filing a lawsuit against erickson, against a 5g licensing agreement going back to 2015. this has to do with market share. that is a theme with oracle as well. erickson losing some of the market share when it comes to 5g and apple says they should lose the net payment apple has to do, as well. that will be ongoing legal action to watch. speaking of architecture, this is why oracle's deal is important. oracle losing market share with its own business to microsoft, which is leading to this bid into the health care space and that brings it to cerner. compared to the deals made in the last couple years, the last acquisition they made was 2017 and it was a $.7 billion. this is a huge bat from oracle going into the health care space. it earns them a creditwatch negative

a report saying cerner has been in talks with oracle to be acquired. this would be about a $30 billion deal that manages to put off. not a huge premium, but seeing cerner shares higher i about 18% in the premarket. oracle shares down about 4.5% on the day. we did get earnings last night out of fedex. they were good overall. the growth story still certainly in question, but you are seeing the story of pricing power here, able to pass on a lot of those extra costs onto consumers are you basically come of the businesses that use these packages, that was the main story. there's also a stock in play. that is part of the reason why you are seeing shares higher by 5.8% in the premarket. the company still dealing with huge labor costs, as well as an on-time delivery numbers that are well below what we are seeing with ups and some of the other competitors. executive changes over at general motors. the head of the autonomous driving unit is said to be leaving. he was pretty instrumental in bringing crews on board to gm. they did not really give a reason for his

in talks to buy health care information company cerner oracle in the o in hope, in your hope trade for 2021. >> look at you yeah how sharp you are and it continues to be the "o" and i'll tell you, 106, everybody was loving it. does this make sense absolutely give all the benefit does an amazing job since taken over by the way, we talked about her being my wall street person of the year and i'll stand by that. the stock probably pull back anyway 30 billion makes it the biggest acquisition they've done and on evaluation basis, oracle here in my opinion >> do you like this prospective deal >> yeah. 100% fi first of all, i like the stock because of the profitable defensive growth, less cyclical. 75% of the sales recurring that's all good. i talked to one of our senior equity analysts today that covers the name. number one, he said the stock action reminds him of what he did in june when they announced doubling their cap x spend a shortsighted reaction just as it was in june, but also said this has big data written all over it. and cerner has a lot of predictive analytics and needs a lot of

the biggest ever for oracle if it does happen now cerner currently valued at $23 billion and oracle paying a premium here the move signals oracle's increase interest in the health sector where it already has an increased presence down 5% on that news while cerner leads the ndx. >>> our next guest says story stocks are dead. we'll dive into peloton's decline and whether it can endure another hype cycle. eche" ntueafr today. "thcckcoins te this feel stuck with student loan debt? move to sofi and feel what it's like to get your money right. ♪ ♪ move your student loan debt to sofi— you could save with low rates and no fees. earn a $1,000 bonus when you refi— and get your money right. ♪ hey, angie! you forgot your phone! and get your money right. hey lou! angie forget her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no extra cost. and lou! on the most reliable network, lou! smart kid, bill. oh oh so true. and now, the moon christmas special. gotta go! take the savings challenge at xfin

shares of cerner up this morning. rivian posting results last night. the e.v. maker telling customers it's seen a surge in reservation but warning it needs to cut expectations for the year, blaming supply chain issues. rivian shares are down this morning on the news. >>> in covid news, the cdc is recommending the pfizer and moderna vaccines over johnson & johnson's jab, they confirmed 50 people getting blood clots after j&j vaccination. all of those patients were hospitalized and nine people died the cdc said the u.s. has an abundant supply of the pfizer and moderna vaccines but those people who want a j&j shot will still have access to it. some important news there, brian. >> yeah. the stock down about 1.5% concerning news on the vaccine front there. thanks very much. >> you got it. >>> investors continuing to digest the fed stance to fight inflation, including the potential for up to three rate hikes next year. technology stocks with high valuations, they tend -- not always, but tend to get hurt in rising rate environments because it drives down valuations. c

oracle is down 4.8%, cerner had a huge down friday is up another 1%. and bank of montreal is buying b np paribas u.s. unit. bank of the west for 16.3 billion, the deal will allow the canadian bank to double its footprint in the u.s. , while allowing bnp to focus on its banking business in europe. bank of montreal down 2.6%, bnp up 2%. spiderman star tom holland getting the red carpet treatment as marvel's latest super hero kicks the old box office records out of the tinsel town party. imax ceo rich gelfond is here next in the first interview since the blockbuster weekend numbers came out why one key market could send spidey's success even further out into the stratosphere, closing bell 29 minutes away we're coming right back on imax and spidey. this is your home. this is your family room slash gym. the guest bedroom slash music studio. the daybed slash dog bed. the living room slash yoga shanti slash regional office slash classroom. and this is the basement slash panic room. maybe what your family needs is a vacation home slash vacation home. find your

cerner is the company -- >> any surprise on your part -- it's not an insignificant premium. at multiples go i think the business is very strong. here's what i worry about oracle had a good quarter what the hell? why are they they have a very good technology company. >> well, by the way, david, this is a -- >> yeah, that is your bad. only you would be home being with covid would not be wearing sweatpants underneath. i assume you haven't even taken your tie off for covid no is there a reason i should >> no, i expect you in ties all the time >>> i'm looking at it here to my left it did it via a spac over at the nasdaq, that was component maker as we get started with the s&p, the nasdaq off by 1 1/2%. >> tomorrow is the day that the santa claus rally has begun. larry williams saying this morning that it's time to buy, making a move. that is very contrary to what people are doing i do i think that amazon is down 75 is ridiculous by the way, omicron, again, i think you're not protected from the illness, but you certainly are -- you're not immune, but what does it make it feel like

we can now speak to cerner chap time is director of the turkish research program at the washington institute is also the author of a sultan in autumn at one faces or turkeys, uncontainable forces as the type of the book, he joins us by skype from washington. these interest rate cuts have been pretty devastating for the turkish, leora will urge ones new measures do anything to, to stabilize the currency. well, thank you for home me. i think her probably not because they're the one that we know who deliver strong growth and who was known for predictability of decision making is not there heard on that we are witnessing in recent years. and i think what the weights turkey, unfortunately seems to be more volatility, currency of fluctuating up and down. and i think that's really spokes investors because right now talking needs investment for growth, the return. so it is really in fact, i would say very, that is a difficult turning point in the career of turkish president nerd on why is present or to one defying economic precedent? i think our present heard on is an unusual leader. you know, he ha

names like oracle on the news -- on the heels of a report about a potential take over of cerner. and a replacement in the ceo -- in to the ceo starting nex year. also gm, similar situation a seat change. and also names like eli lilly and pfizer that are moving lower today as well. >> we've got the nasdaq coming back a long way right now, actually a nice rebound, off the lows investors continue to weigh the ongoing challenges from the omicron variant of the covid virus. what impact that could have for movie theaters joining us for an exclusive is the i max ceo. you've got a big weekend coming up with "spiderman" at the box office you concerned this latest surge is going to have an impact >>. >> no, david last night, we opened in the u.s., it did $50 million overall and i max 1.5 million. projections are north of 150 million in the u.s i mean, those aren't just pandemic records those are nonpandemic, all-time records. our 5.1 million is the third best opening we've had in the history of i max i think people talk about the intersection, as you said, david. but if you look at the num

cerner is a leading electronic medical records company with about a quarter of market share. this acquisition really gives oracle a trove of health data and an opening for oracle cloud. i think this deal certainly gives oracle a boost in the health care space versus competitors from a footprint perspective, but i have no doubt competitors will not be sitting on their hands. microsoft earlier had announced this year an acquisition of nuance. emily: what do you think this means for aws? >> i think it means that companies like oracle, like microsoft, and others including salesforce are all now seeing the health tech space as a huge opportunity. remember, the market for health care in the u.s. is a $4 trillion market. it is joy norma's. all large cloud providers are trying to gain a significant foothold in this industry. emily: talk to us about where you see this going in the context of health care and health care technology, which to be fair was quite slow to take off, but has been accelerated as a result of the pandemic. >> absolutely. the reason why i'm so excited to talk abou

the company has agreed to buy medical record systems provider cerner for about $23 billion cash or get oracle will be adding a broad customer base bolster its cloud computing and database businesses. monday, the bank of montreal spending billions to expand its presence in key u.s. growth markets. it has agreed to pay $16.3 billion to buy bnp paribas' bank of the west units. bnp lends to return some of that cash to shareholders through a buyback. elon musk says he will pay more than $11 billion in taxes this year. that could be a record payment to the u.s. irs. he has sold millions and shares related to tuscola -- millions of shares related to tesla stock options. that is a pretty solid tax bill. guy: yeah. biggest one in history. you can step back and thing about that. but he's had an incredible year. a lot of people were pouring cold water on that, including us. elon musk has had an absolutely incredible year, though that pole he ran, should i or should i not sell stock, i think he probably had to sell the stock. alix: i am guessing yeah, unless you've got that sitting in your bank ac

and oracle is getting close to finalizing a deal to buy cerner corp the deal could come as early as next week and could be valued at 30 billion that would be oracle's largest acquisition ever shares of the company about 7% cerner, up nearly 14% on that news >>> we're down 0.7 % on the s&p with half an hour left to trade for the week time for an update >>> the defense has rested at the trial over the death of daunte wright. kim potter gave emotional testimony and apologized for fatally shooting wright. closing arguments are set to begin monday >>> a florida man has been sentenced to more than five years in prison for his involvement in the january 6th riot on capitol hill it's the longest sentence yet among the more than 150 defendants who have pled guilty to taking part in the siege. robert palmer of tampa, florida was charged with repeatedly assaulting multiple police officers outside the capitol palmer wept as he apologized to the court for his actions. >>> the nfl has made it official three of the weekend's games being delayed off covid. the raiders/browns games moves to monday. the s

they include crown castle, united health, cerner and gilead sciences back after this. inner voice (sneaker shop owner): i'm surprising my team with a preview of the latest sneaker drop. because i can answer any question about any shoe. but i'm stumped when it comes to payroll. intuit quickbooks helps you easily run payroll in less than 5 minutes... ...so you can stay... one step ahead. every day in business brings something new. ...so you can stay... so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >>> welcome back to "power lunch. i guess bitcoin missed santa's sleigh because the losses continue as it falls below $50,000. just yeste

company, oracle's chairman and chief technology officer, larry ellison, announced the company is buying cerner. that company is based in kansas city, missouri. ellison says the acquisition will quote transform healthcare by delivery by providing medical professionals with better information, enabling them to make better treatment decisions resulting in better patient outcomes. the fcc has reached settlements with several phone companies over investigations into failed 911 calls 18 t, verizon and toronto and lumet technologies. will pay a total of $6 million due to failed calls, which happened during network outages in 2020. the companies have also agreed to ensure compliance with the fcc's 911 availability rules moving forward. t mobile agreed to paint $19.5 million last month. cities and states are asking for more help from the feds ahead of president biden's major address on the covid pandemic arm rich edson in washington. i've got the details coming up. plus more pro sports making changes due to covid concerns coming up, we'll tell you why the sharks will have to wait to take on the ca i'm

we are bring breaking news oral acquiring cerner more than 30 billion dollars we brought the story last week "the wall street journal" reporting companies were in talks a 95 dollars a share, for cerner oracle krrner expected actively trade this morning fractional moves in the stock up almost 1% oracle sharing down a fraction, charity auctions headed to the digital world new auction kicks off today over 50 nonfungible token projects artists joining me to talk about the right click, the cofounder, and blockchain attorney philip, thanks very much for being here mike you and brother started with idea tell me about the auction and charity thank you so much a pleasure to be on the show. me and my brother have been collectors since june, and there is one thing we noticed about the community is that they all believe in kindnesss so the way a we came up with this idea, is charity auction, is we said all right, if all people making a ton of money on nfts missing a tangible wave figured get world top projects artists to do something about it donating, one big auction for the hollywood season that

as you can see, cerner is surging in the premarket, more than 18% jump. oracle the potential buyer down almost 4 and-a-half percent, kind of a normal reaction to the story. a federal judge tossing a settlement between perdue pharma and a family that owns the drug maker, the judge ruling more than $4 billion settlement that gave members of the family protection against civil litigation is not permitted under the bankruptcy code. this decision raising questions about the future of the company and the owners who are accused of fueling the nation's deadly opioid crisis. finally there is this. realtor.com releasing the projections for the top housing markets in 2022. get your pencils out. salt lake city, utah taking the top spot for the upcoming year, noting the cities' strong local economy, culture and opportunities for recreation. it's really great to ski there, by the way. rounding out the top five, boise city, spokane, indianapolis, indiana and columbus, ohio, dagen. did i mention how great the ask skiing is outside of salt lake city. did you catch that. d

they're some of smartest people in the world cerner is very good. medical records matter so health care is like the last holdout from being in the cloud and being digitized. so i am pro this deal, trying to get saffer on. >> last time i talked to her was around the people soft deal, so i think you have a better chance than i do. >> i am a huge fan. >> maybe the fda can use their services and help and sign off on things more quickly if they digitize. >> fda has that level of clarity. remember the nih, dr. fauci comes on, he's in charge of media. >> yes, okay >> he's the media guy. come on, really, i don't know, whatever you say david, it's never been this did you see functional i've never seen it like this meanwhile, how many days have we been saying they have the pill and now they say, we don't have the pill yesterday, but we fast-tracked that biogen drug, which i can tell from you my work with the brain foundation -- that it doesn't work it gives you four hours less of alzheimer's. >> carl, i think he needs to get out of the quarantine. i'm startin

we are seeing those gains after hours for cerner, which is now soaring more than 20%. according to the report from the dow jones, this agreement could be finalized soon assuming talks don't fall apart or drag out. and if the deal does come together, it would break as the biggest ever for oracle, which has a market value of more than $280 billion. oracle shares, there's a little bit of pressure right now. let's get to su keenan with the first word headlines. su: thank you. a smooth exit from crisis mode. it boosted bond buying for the next six months, this to cushion the end of its 2.1 trillion emergency program in march in the face of the euro area, the fastest inflation in decades. now the ecb acknowledged the developing threat of the omicron variant. policymakers retained fleck's ability to the virus. >> -- flexibility to respond to the virus. >> i have said before it is very unlikely that we will raise interest rates in the year 2022. that still stands. su: the bank of england, meanwhile, has unexpectedly raised rates for the first time in three years. it hiked grow

oracle, making it official this morning, stu, buying medical records company cerner. 95 bucks a share, $30 billion. biggest in oracle's history. also an indication to the acquisition appetite oracle has to spend big in order to catch up in cloud. general motors, gm, selling off with the rest of the value plays. gm will continue to extend their production halt of their electric chevrolet bolt through the end of february. gm had to widen its bolt recall to 140,000 in order to replace the battery parts after a series of fires that were reported. also on going global chip shortage, you can imagine hurting production as well. stuart: down 3% at 53. susan, thank you very much indeed. now this, despite rising omicron concerns as you just heard, "spider-man: no way home" saw the third best box office opening of all time, shattering prepandemic box office records. who is here to comment, jeff seek is a. knows a few things about it. seems young people are going to the movies these days, older generation, not so much. what do you say? >> that is obvious because we had a perfect example last week

we saw a lot of software deals, oracle an cerner, oracle buying them $28 million. stuart: this one is for you. i find it fascinating. a classic 195porsche, 356 it is called, it completed a an arctic road trip. you tell me nor about that? lauren: the 65-year-old driver didn't preserve her 65-year-old car. she converted it into a snowmobile. look at that, modified with skis on the front, tracks on the back. she was tackling the dangerous union glacier loop for five days in antarctica. raised the car on all seven continents. raises money for charity. stuart: she is 65? lauren: 65 years old. she does it sometimes with her daughter. rene. edge a is very important to me. lauren: both 65, is that a coincidence? stuart: i love it. let's get serious for a second. a potential terrorist from saudi arabia was arrested at the southern border. we have details for you. no state wide mask mandate in missouri. that is not stopping school districts there making children wear them in class. missouri's attorney general is fighting that. he is on the show to tell us what he is up to. >

stuart: oracle and cerner, wall street journal reports they are getting together, $30 billion. lauren: it would be the big deal ever for pfizer. for oracle. turner is a medical electronic medical records firm. it for buys and they get bigger into the healthcare space. stuart: to confuse joe manchin and joe biden and joe concha you can confuse pfizer and oracle. covid won't cancel christmas in austria. the country is lifting lockdowns but only lifting them for the vaccinated. and vaccinated, stay locked down. fox investigation finds the nfl giving money to groups that support defunding the police. we have that story. california banning people from going to work if they've been exposed to covid and it doesn't matter if they are vaccinated or not. what is the point of getting the jab if you can't live a normal life? steve hilton, the man from california up next. ♪♪ ♪♪ it starts with a mother's determination to treat her baby's eczema. and grows into a family business that helps thousands more. it starts with an army vet's dream of studying the stars. and grows into a new c

oracle is trying to make an agreement to buy cerner. in healthcare, they're up sharply this morning, 19%. >>> fed-ex revenue jumping 14% higher shipping rates reinstating the profit target. it's launching a if you $35 billion stock buyback. johnson&johnson shares are trading lower. they say the occurrence of a rare blood clotting disorder is higher than previously detected. as a result, the cdc is now recommending the pfizer and moderna vaccines over johnson&johnson's jab. here's what dr. fauci told us in the last hour. >> the shift and the change that occurred yesterday regarding a recommendation of a preference for the mrna over j&j really was nailed down by the very recent data that there are more of these adverse events than was originally thought still the cdc was saying particularly taking into account the safety data with regard to adverse events, if you had the choice favor the mrna. >> we will talk about this and other issues related to all things pandemic with dr. scott gottlieb in a couple minutes. >>> rivian shares are tradi

tim: i think it is the deal for cerner? romaine: no, sorry. tim: medline? romaine: that is pending. i want a completed deal. there are rules here. kriti: are you going to tell us? romaine: we will get back to the rules in a minute. she will be joining the big simulcast in a minute. you are watching and listening to bloomberg. ♪ david: the hardest thing in life is to be happy. you seem like a very happy person. >> it is like nature. nothing ever stops. you can be super happy one minute, and then something happens. it is just amazing. it is the joy of life. david: for any young woman watching this who wants to be the next diane von fÜrstenberg, what would you recommend? >> i think the most important thing in life is the relationship you have with yourself. when you have a good relationship with yourself, any other relationship is a plus. and the second advice is to be as true to yourself as you possibly can. it is not easy. you have to accept and own things you do not like. but the more you can be you, the happier you will be. ♪ hey, angie! you forgot your phone! hey lou! angie f

fdr's grandfather warned that the he made the fortune in china from 1960 barnett nonveteran cerner sister, the more the clipper ship surprised to go to be with her father in china well above the ship, quite interesting journey they lived in china for several years before returning to new york. her tales of the far east they experience on the clipper ship, intrigued young franklin who made this model of this prize 1922. the ship model of the u.s. as constitution was built in 1918, fdr was fascinated by the ship and its history and a collective dozens of paintings and credits on books and manuscripts about the ship. and this model was displayed prominently in private study at the white house. and people at this model in 1940 when he was the assistant secretary of the navy in the original owner actually the surgeon who served on the uss constitution of predict and was truly one of the most admissions in addition to the many ships of fdr collected, collected the modern naval vessel and this is the german cruiser from world war i, the longest model in the - 10 feet long and is a interesting st