Samsung to Acquire Harman International, Japan's GDP Beats Estimates

The stock and bond markets continued to react to Donald Trump's presidential win on Monday. Last week, stocks surged with the Dow Jones Industrial Average had its best week in five years. Global stocks rose Monday, but it was a different story for the bond market - a selloff in fixed income occurred, with yields rising across the board as investors brace for fiscal stimulus and interest rate hikes under a Trump administration.

In deal news, Samsung Electronics (SSNLF) has agreed to purchase Harman International (HAR) for $8 billion in cash, or $112 a share. That's a 28% premium to Harman's closing stock price on Friday. Harman manufactures automotive technology. Plus, Japan's gross domestic product grew at an annualized pace of 2.2% during the third quarter, eclipsing estimates of a 0.9% increase. Exports were the bright spot during the quarter, but consumption rose only 0.1%. TheStreet's Scott Gamm reports from the Nasdaq in Times Square.