[Soledad O'brien, Cnn Anchor:] Wall Street news now. It says stay out of stocks, a multi-billion-dollar merger at two of the nation's largest banks. Andy Serwer is "Minding Your Business." Good morning.
[Andy Serwer, "fortune" Magazine:] Good morning, Soledad. Yes, this is big, big news for business this morning on Wall Street. Bank of America, the nation's third-largest bank, is buying FleetBoston out of Boston for $47 billion this morning. And that's creating the nation's and the world's second-largest bank, after Citigroup. They'll be leaping over ahead of J.P. Morgan. And Warren Buffett that's right is saying stay out of stocks. I bet he wished he owned Fleet Bank this morning, though, because that stock is trading for $31 and they're going to be offering $45 a share. So, we're going to see a nice pop there. Good news for investors, though. There is a couple of other big deals this morning, a couple deals in health care. United Healthcare buying Mid-Atlantic for about 3 billion, and then Anthem buying WellPoint for 15 billion. They call it merger Monday, Soledad. A lot of times executives get together over the weekend and announce these deals. That's what's happening right now, and it's a sign that people believe that the environment is picking up a little bit. Futures are up on the news, and that is some good stuff for investors who need that kind of thing.
[O'brien:] Do we have time for a quick preview?
[Serwer:] Yes, we do.
[O'brien:] Five words or less?
[Serwer:] Yes, OK. Well, last week, we were down a little bit. Here, you can see, not so terrible. Am I over five?
[Miles O'brien, Cnn Anchor:] You're over five.
[Serwer:] Futures are up this morning. How about that? That's my last sentence.
[O'brien:] Very good. Thank you.