ed: it took microsoft to spend $70 billion to buy activision.ll be consolidation in your industry and you have lead in this industry for three decades, who do you think could buy apple, based on your -- by ea based on your experience of the last two years. bobby: i would not want to speculate. there are so many business combinations that are possible and i don't have an informed view of that sitting here today. ed: phil spencer, what task does he have to take all of the people working at activision and bring them into microsoft? do you think there is anything he can learn from your company? bobby: we have a fantastic company with an extraordinarily people are passionate, motivated, enthusiastic, excited about this merger, and phil is an extraordinary leader. i could not think of a better person to give the reins to from the business. he is a passionate gamer, he has been involved in this industry since 1989, he is incredibly technically capable, visionary leader, people love working with him, and i think it was one of the really appealing parts

for takeover: britain's regulator changes its mind on microsoft's purchase of the games' maker activision blizzard. welcome to world business report. i'm lukwesa burak. britain's competition and markets authority, which oversees mergers and acquisitions here, has approved microsoft's proposed takeover of the games maker activision blizzard for $69 billion. it clears the way for the deal to go ahead, now that it has approval in 3 key markets including the united states and the european union. here's our business reporter, david waddell. this deal to acquire the games maker responsible for such hits as call of duty, candy crush and world of warcraft is the biggest in gaming history. the takeover was blocked in april this year by the uk's competition regulator over concerns the us computing giant would secure too strong a foothold in the nation's cloud gaming market. the delay has been a setback for microsoft, which at the time called the british decision �*bad for britain�* and the company's darkest day in its four decades of working in the uk. well, i think for gamers there's going to be v

cleared for takeover, britain's regulator changes its mind on microsoft's purchase of the game maker activision. welcome to the world business was bought here on bbc news. britain's market authority which oversees mergers and acquisitions here in the uk has approved microsoft's proposed takeover of activision blizzard for $69 billion. it clears the way for the deal to go ahead now that it has approval in three key markets and they are at the united states, the european union and the uk. let's discuss this further. jason is the managing partner at convoy ventures, great have you with us. how did they finally seal the deal? yes. great have you with us. how did they finally seal the deal?— finally seal the deal? yes, this has been a nearly _ finally seal the deal? yes, this has been a nearly two-year _ finally seal the deal? yes, this has been a nearly two-year long - been a nearly two—year long acquisition process which has been fierce with a lot of pushback. cma is the last major hurdle they create. the major issue the cma had with the activision blizzard deal was odd to most others in the indus

the regulators in the uk gave the green light for the takeover the activision.oth companies moving lower. microsoft down .13%. we will continue to watch the stocks. >>> earnings season is kicking off with big banks reporting. jpmorgan chase and citi and wells fargo and pnc. top of mind for investors is portfolios and net interest margins as higher rates weigh on loaning growth and deposit costs and customer real estate. joining me now is stephen biggar. >> good morning, frank. >> what banks do you have a buy rating on and what is most influ influential? >> i think jpmorgan chase sets the stage for the quarterly earnings here. you have a bit of an outlier with the acquisition of first republican. they acquired that on may 1st. we had a partial quarter in the second. this will be the first full quarter. as we look at the underlining trends, diversified banks had been the place to be. they held upper than the regional banks. at the same time, they are impacted by the higher interest rate environment. you will see more slow loan growth. >> jpmorgan chase is the most

of activision.ng time, 22 months of happening. bobby, i wanted to go back a little bit because this company has been your baby. you go back to 1990 when you and brian kelly first bought a 25% stake of activision that was in bankruptcy, on the verge of bankruptcy. you bought that 25% stake for $440,000. you've been the ceo, we're talking 32 years later what has happened? you are going to do what now? what happened with building this company and what do you do next? >> the most gratifying thing for me has been having access to the most extraordinarily talented people over all this time. and i think the reason why we've been so successful has been that, you know, focus on making sure we attract the most capable people in our industry and in the world and that's been the secret to the success. so for the people who work at our company, they're now going to have an opportunity to get access to new resources and partner with different types of talent. i think a big part when you look at the legacy of ceos

including activision selling the cloud gaming rights to ubisoft.he deal will prevent microsoft from locking up competition in cloud gaming and preserving competitive pricing and services. brad smith took to x, the social media network formerly known as twitter, saying the final hurdle has finally been crossed nearly two years after it was announced. arjun, you have been tracking this one and we have been tracking this one. two years in the making. finally, it is off the ground. >> it finally made it. the uk was the last regulator holding up this deal. this is effectively cleared the path of this to be passed and this deal to close. now setting the context here. when the investigation by the cma was initially opened, the concerns specifically revolved around cloud gaming. the idea in the future we will be streaming games as you stream a film from something like net n netflix for example. you could play on the mobile or pc or buy a controller and play on the tv. the cma's concern was this deal would give microsoft the controlling hand in the cloud ga

. >>> the microsoft/activision deal officially done as britain's watchdog gives the green light. >>>oeing is the biggest drag on the dow, expanding this probe of the production defect on the max. >>> let's begin with the banks, jim. overall, not just the beats, some of the commentary about investment banking, efficiency ratios look good. >> it's funny because obviously this group came in as cold as i've ever seen it. what a change from even earlier this week when pepsi came in hot and then rolls over. i mention that because that was the first big quarter. these quarters, when you listen to them, you forget how much money they can make in this environment. and then you start thinking, you know what? these things are seven, eight, nine, ten times earnings. they're trading like steel mills, and they're really filled with a lot of smart people who are doing a lot of good things who show you they can make a lot of money without underwriting, without m&a. there's going to be a revaluation here, recognizing this group had become -- really went to the bottom of the list of what people wanted

all produced by games company activision blizzard, which could soon be purchased by tech giant microsofthas greenlit the biggest acquisition in the history of the video games industry after blocking it earlier this year. it's a deal worth a staggering £56 billion. executives at rival playstation have been vocal about their opposition to it. originally the uk regulator ruled that if this acquisition went ahead, microsoft's leading position in cloud gaming might stifle competition. so, what we see now is a major concession by microsoft. they've fundamentally restructured the deal and, importantly, activision is now selling the cloud streaming rights in relation to all its games content that exists now and is created over the next 15 years and putting that in the hands of an independent competitor, ubisoft. now, that's a game changer. microsoft has made assurances that games such as call of duty will be available on rival platforms like playstation for another decade. when the cma originally blocked this deal, microsoft's president, brad smith, said it was the darkest day in its four decade

activision is done. doesn't create anymore. opposition from the us, federal trade commission which failed to block the purchase in july. a judge turned down the respect to turn down the deal. is currently focusing on its appeal of that decision so they are not giving up but the you can everybody else has said you guys can merge. dollar general bringing back todd vasso's to replace jeffrey 01 who was there for less than your. gordon haskett believe the change could stabilize the company and put it on a path for growth. investors feel the same. that stock powering higher by 8%. the company's annual revenue rose 80% and he added 7000 stores. united healthcare on the rise after beating third-quarter earnings estimates, costs came in lower than expected as a share of premiums, investors were spooked when the company warned that medicare advantage costs were running high is more patients have elective surgeries pushed off by the pandemic. the cost trend should home investors nervous. they are piling in by 2.6%. uaw president shawn fa

oversees mergers and acquisitions here in the uk has approved microsoft's proposed takeover of activisionree key markets and they are at the united states, the european union and the uk. let's discuss this further. jason is the managing partner at

for takeover: britain's regulator changes its mind on microsoft's purchase of the games' maker activisionetition and markets authority, which oversees mergers and acquisitions here, has approved microsoft's proposed takeover of the games maker activision blizzard for $69 billion. it clears the way for the deal to go ahead, now that it has approval in 3 key markets including the united states and the european union. here's our business reporter, david waddell. this deal to acquire the games maker responsible for such hits as call of duty, candy crush and world of warcraft is the biggest

stocks will replace acti activision-blizzard now the regulator signed off on the $69 billion deal by microsoft. given that lululemon pants have become a uniform for a lot of folks on wall street, frank, it is apt for them to join. >> stock up big right now, bertha. a lot of colleagues wear lululemon. bertha coombs, see you later on. >>> turning attention now to washington, d.c. and house republicans getting back to work to try to unify and elect a new house speaker. brie jackson joins me now. brie, it was two weeks since kevin mccarthy was sent packing. >> frank, congress starts another week without an elected peeker in the house. they are expected to hold meetings on capitol hill tonight. we could see a vote for house speaker on tuesday according to the house democratic who says republicans are planning to hold the election tomorrow at noon. however, it is still unclear if the gop nominee jim jordan has rallied enough support to get the 217 votes he needs to secure the job. when he was nominated on friday, more than 50 members of his party said that they would not support him. house

the microsoft got the green light to acquire activision for $69000000000.00 by british regulators. the sale of the maker of call of duty and other popular games, such would be the biggest ever in the video gaming industry. world bank president, a bank has outlined and business plans to include climate change and other global crises and the lenders commission and to offer more loans at lower cost. the world bank says this will help it pays out cold and east global crises. german sports car maker pours increase the sales in the 1st 9 months of the year. it delivered $240000.00 vehicles from january to september 10 percent more than during the same period last year. that's the spice of 12 percent fault and it's the largest markets. china, higher sales in europe and the us helped offset the chinese slums. safety global economy also means investors are looking for new opportunities for growth. regional instability is driving the search for alternatives to fossil fuels like oil take fusion energy for example. it promises to provide nearly limitless, clean electricity. fuser means smashin

microsoft managed to get its huge acquisition of the video game publisher activision blizzard which makesr the line. getting hard won approval from the regulators. and that is the good news, but microsoft might also have to pay almost $30 billion to settle a tax bill. alphabet also reports tuesday. last quarter the earnings outperformed the other tech stocks. investors like that and saw the company shares jump. this time around people will look to how google cloud and google search and youtube ad revenue did, and more detail on how the ai bot bard can take on chat gpt which microsoft has a huge investment in. on wednesday, meta, the company behind facebook and whatsapp reports, facing competition from the likes of telegram, meta announced it would roll out broadcast channels allowing users to broadcast messages on facebook and messenger. on thursday, the south korean chip sl hynex giant is one of the worlds largest makers of memory chips and has had a really tough couple of quarters, like its larger rival samsung. that's because of an ongoing global over—supply of chips has caused prices

, to activision, activision games to ubisoft in france.hat you can still get also said that you can still get call on anything until call of duty on anything until any console for ten years. >> sony, sony said, well, microsoft could cut off the supply of these games , these supply of these games, these really popular titles to the playstation four and five. and obviously that would be that would be bad for choice and bad for consumers all over the world. >> well, i mean, i think over time, what makes this thing so ridiculous is that in ten years, we're not going to have computer games. >> what are we going to have something else? >> metaverse . you'll >> just the metaverse. you'll just be living in the matrix. there'll something else. it's there'll be something else. it's like, google. could be like, look at google. could be gone ai, whatever . gone because of ai, whatever. it's time it's like eventually over time you these are you think these things are forever and they're not forever. >> okay , there's some cheesy >> okay, there's some c

earlier in october, the company completed its purchase of gaming giant activision blizzard in a salethan $68 billion. executives will likely discuss that acquistion and how it'll affect the next quarter. social media company snap posted a 5% growth in revenue for the latest quarter, sending shares up by as much as 20%. but that's now dipped a little after the company said it will not provide an official guidance for the last quarter, citing instability in the middle east. snap said it saw pauses in many advertising campaigns in the immediate aftermath of the war between israel and hamas. well, we'll likely see those bumper quarterly earnings from other tech companies all through this week. that's according to sarah kunst, the managing director of venture capital firm cleo capital, which invests in early—stage businesses. i spoke to her a little earlier. those numbers are pretty indicative of what we are going to see through the end of this quarter. the interesting thing about dafabet microsof, the numbers that came out the reality is they were not bad. and yet, being a little bit ove

we willi look at what they have to say. >> you were interested in the comments with the activision-blizzardcquisition with microsoft. when it comes to alphabet, any issues with the regulatory competition with search? that is the big part of the brand image to be the default br browser on every iphone? >> it is a great position to be in and costly position as well as we learned. it isis interesting to see what comments they may have. we are in an ongoing trial situation. they will be limited in the comments. i would not be surprised if ana analysts ask about that. >> jason ware, thank you very much. i appreciate it. >> thanks. >>> coming up on "worldwide exchange," wall street descends on riyadh. we have a live report from saudi arabia coming up. >>> first, as we head to break, we have top trending stories. lebron james and peyton manning and the obamas have in common? netflix. teaming up for the streaming giant and focusing on the lives of professional basketball players with backing from the obama production company. >>> and a new way for "spider-man." the fastest playstation studio game s

activision blizzard rising to session highs, slipping into positive territory.rosoft up by about 7/10 of 1%. they need some tweaks to that deal to avoid a probe and it looks like the u.k. could approve that in the coming days. but get back to what we expect from those numbers. joining us is alexander patterson. a price target of 850 pence. alexander, winter is coming. what are we going to learn about demand? >> so far demand has been really very good indeed. surprisingly strong to many given that we fat difficult economic conditions in the u.k. there is an element of pent-up demand because they love people couldn't get away during the pandemic and i think also we've not had very good weather in northern europe and that has stimulated demand, people looking to go to sunnier places to enjoy themselves. guy: that persist after the summer? people have spent a lot of money this summer going on holiday. we are seeing a cost-of-living story that is persisting in the u.k. and elsewhere. what does the winter look like in terms of that demand story? >> i think winter shou

activision makes popular games including call of duty and overwatch.d a new asteroid mission industries chasing a rare space rock that is believed to be largely metal. the psyche spacecraft road into the sky above cape canaveral. it will take six years to reach the asteroid. they could hold secrets of the origin of earth. a minnesota man pleaded guilty to stealing a pair of ruby slippers formed -- worn by judy garland in the wizard of oz. he admitted taking the shoes from the museum in her hometown. he said he thought the rubies were real. the fbi recovered the slippers in 2018. they are one of four pairs known to exist. still to come, david brooks and jonathan weigh in on political headlines. patrick stewart reflects on his long life and career in a new memoir. ♪ >> this is the pbs newshour from w eta studios and washington and in the west from the walter cronkite school of journalism at arizona state university. geoff: house republicans have a new nominee for a speaker at after kevin mccarthy was ousted and less than 24 hours after their last stepped

it will be the new addition to the s&p 500, replacing activision blizzard. that is up 10%. also, you are tracking some of the guidance from drug players like moderna, which is up 5%. some of that strife ties back to pfizer. more on that later. matt: interesting staff. -- stuff. i also want to point out that the israeli currency is reconvened -- weakening. as it times, that means the shekel is getting weaker and weaker. you can buy more of them and it has just crossed the threshold of four per dollar. it has lost more than 3% as he crisis in the middle east continues to escalate. this is worth watching. i think the world is doing just that. jon: yes. and we have been covering it here at our in partnership with other colleagues. adrian global has been reporting from tel aviv. he joins us now. looking at what the market's have been trying to assess, this idea of further diplomatic efforts, including from the u.s. secretary of state, to avoid the war from spreading, where do things stand on the ground right now? adrian: we know that blinken has been crisscrossing the arab world

not that dissimilar, frankly fr from what activision's was more or less.here for the final day of microsoft closing that deal. >> kind of anticlimactic. >> i don't know how many words i may have said about that transaction over the 22 months it took to complete it. i'm out of words now. well done, microsoft. what a gauntlet. >> we haven't mentioned amc, and the taylor swift concert film setting some records, one of the best october opens ever, biggest open for a concert film ever. they're estimating somewhere in the high 90s in terms of 95 or $97 million in opening grosses. that said, amc stock has not reflected a lot of the strength that you might expect if you were bullish on the return of theatrical distribution. >> no, there are bigger issues here, obviously, for theaters, but no question it's been a big boost to get taylor swift and then obviously beyonce as well. guys, just want to mention, we've been following -- cnbc did this great, on "squawk box," interview with mark rowan of apollo last week, going activist, basically, on university of pennsylva

in october, the company completed its purchase of gaming giant activision lizard more than $68 billiondia companies posted 5% growth in revenue, sending shares by as much as 20%. that's dipped a little bit after the company said it will not provide an official guidance for the last quarter, citing instability in the middle east. the company said its awesome pauses and many pause —— it's all many pauses. we will likely see this pump of warnings also this week and we will be tracking that. that's according to the managing director of venture capital. here's more. i director of venture capital. here's more.— here's more. i think those numbers _ here's more. i think those numbers are _ here's more. i think those numbers are pretty - here's more. i think those i numbers are pretty indicative of what we're going to see through the end of this quarter. the interesting thing about both meta and alphabet and microsoft, those numbers, the reality is they weren't bad. and yet, being a little bit over or a little bit under on that cloud spend made for a very, very different after hours trading ses

microsoft has finally closed its $69 billion deal to buy game maker activision-blizzard after approvalm the u.k. regulator. the takeover swells microsoft heft in the video game market with best-selling titles including call of duty to better compete with industry leaders sony. british regulators with a final obstacle to the deal which was originally unveiled in january of last year. the cma, having blocked it over competition concerns, finally gave the ok after microsoft agreed it would not take control of the cloud business. that was a long time coming, but they got there in the end. >> activision creators have candy crush as well. it is time now for truth or fake . there's false claims circulating online claiming that ukraine delivered arms to hamas before the group's offensive in israel last week. tell us more. >> that's right. a video being shared online claims to show weapons delivered to the hamas group sent by ukraine. what is interesting is that the first time these can be found on the internet dates back to the same day that the attacks began last saturday. the video itself is

and they purchased activision last week. and so lee munson is back with us.do? >> nobody has more hesitancy about buying the magnificent seven than me. but this is a game changer. i think that ai is where they will monetize the next couple years. but a lot of people are saying that they are losing money $20 to $80 per person because it costs so much do this ai stuff. so i think -- next tuesday we'll see earnings. i think that they will be much more -- put it any this way, i think that they have the kid gloves on. because who cares about the metaverse. i want someone that will make me a better writer so my wife doesn't have to he hadedit all notes. so how about investors react to azure which is slowing down. and are they going to focus on what keco-pilot can do and will they give it a pass card on the losses. so i'm not saying go by it today, but i would love to consider lee munson buying one of the magnificent seven after we see next earnings and see if they say hey listen, we see the future and this is an actual ai thing that can make money and i could care

blizzard on the s&p 500, the stock is powering higher by 10.7% here's the deal about activision theker was taken over by microsoft and therefore no longer trading, no longer takes is based on the s&p 500. th means there's a space for lulu, why is lululemon jumping so much, any funds or fund manager human makes the s&p 500 or mears is 500 has to add lululemon c to its stocks, we se the exit says lulu will be added to the index on wednesday. ahead of you have a lot of people buying up the stock to add to their funds microsoft, linkedin says the delay of 660 employees across the engineering talent and finance team due to slowing revenue growth. this is the second round of job cuts this year for the social media network for professionals. microsoft moving higher by 1.70%. pfizer trading pretty helpfully of 3.7% at this hour after the drugmaker/the full year revenue forecast by $9, here's what's interesting it's not very good news. the companies i didn't drop a man for the covid treatment and vaccine despite the guidance cut jeffries upgrading pfizer pain this is an attractive buying opp

and so instead of keeping the cloud gaming service a part of the business that activision blizzard has actually sell-off the cloud gaming portion of that to ubisoft, which would then appease competition regulations. that has now been approved. october 18th is the date they hope to complete the deal in terms of buying and issuing out the funds needed for this. $69 billion deal, which finally seems to be headed in the completion zone by the end of this month. >> and lastly, it's about to get more expensive to experience the magic of disney. tell us there about the price hikes coming. >> yeah, so this is an unfortunate one, right? how many times have you been to disney world or disneyland? between $5 and $65 more is how much it's going to cost you depending where you go out in california as well as in florida. both of those going up. not necessarily the day prices which is what consumers buy on an average basis but really more the annual passes are the ones going up significantly. the other part going up by at least $5 is the parking. believe it or not it's now going to cost you $30 for a

authority said, oh, cloud gaming, activision blizzard, they had a problem with that at a first too.rinted out all these pages of all the problems that europe has with us us. stuart: that's a long page, okay? adam, i know you like microsoft, i think you own it. >> oh, i do. well, you know, the europeans approach antitrust very difficult -- differently from the americans. in america we worry about consumers not getting taken to the cleaners, right? but in europe they want to preserve competition among businesses, and big microsoft makes it very hard for a little start-up to do the same thing. i i disagree with that. i'm thrilled that they're closing the deal with activision, by the way, and they're going to start integrating chatgpt, by the way. so just you as a user -- stuart: if you're under attack from the powerful european regulators, i think that's a problem going forward. not that i'm going to sell my microsoft, but it's going to limit profitability. >> it creates a headwind, but it's not something that worries me. stuart: okay. >> honestly, it doesn't. it's a headwind. lauren:

activision blizzard, $94 a share. any comment? >> no, no, not at all. i own microsoft as well.w what that means in the deal either, but i like microsoft, and i continue to like them. stuart: we'll find out at some point. dollar general bringing back its former ceo. he stepped down last year. the stock is up 8% on that. however, that stock is down 58% year to date, so now a nice bounce when they bring back the old ceo. anything to say about that one? >> no, i think that's a perfect move, and the market likes it. they appreciate the role that he had, they're going to appreciate the role that he's going to have in the future, and the market is clearly happy with that. stuart: last year kroger announced plans to to buy its rival, the rival grocer, that is, albertson's. california is going to sue to stop the deal. the attorney general is concerned about higher prices for consumers. nonetheless, both stocks up. my comment? >> listen, higher prices for consumers, you've got to expect we're going to have them anyway, right? so no, not at all. stuart: living in california -- >> yeah, le

while, lulu lemon is trading in its highest level since 2021 as the stock is set to replace activisionard on the s&p 500 which is being removed after being acquired by microsoft. that will make lulu the only canadian-based company on the s&p 500, that we have to keep in mind more than 70% of its revenues came from the united states last year. scott? >> shares are up 11% by the way. >> i was just going to say, what a day for those shares. thank you. up next, the real estate sector struggling this year, kane international jonathan goldstein is finding big opportunities in that space. he will tell you exactly where, just after this break, closing bell, right back. >>> welcome back the closing bell, live today from the case alternative investment summit in beverly hills. real estate, one of the worst performing sectors over the last year. the industry grapples with rising rates, inflation, and work from home trends, but our next guest navigating those crosscurrents and still finding opportunities within that space. joining us now, jonathan goldstein, the ceo and cofounder of kane internati

nearly two years after growing to the largest purchase ever, microsoft closed the acquisition of activision blizzard. the $69 billion deal was announced back in january of 2022. in july, the ftc asked the san francisco federal district court for a preliminary injunction to stop the software companies from closing their deal before receiving full approval. but after five days of hearings, a judge sided with the companies. the acquisition means that microsoft now owns several video game franchises, including call of duty and war craft. >>> the market closed out a strong week overall disappointing fashion. two of the three major composite indexes finished a day in the red. both the nasdaq and the s&p 500 posted losses. the nasdaq had the more dramatic drop falling more than 150 points. meanwhile, the dow jones industrial eked a small positive gain. the s&p and dow had positive weeks. the nasdaq's bad day pushed it into the negative for the week. >>> a viewer says that business fumbled and short-changed her to the tune of three grand. we got another viewer who says the company punted and owes h

bueno, la autoridad de mercados y competencia del reino unido aprobó la adquisición de activision blitzerlado general de méxico en san josé está realizando revisiones de la vista y entregando anteojos de forma gratuita. ahí tiene. será el sábado 14 de octubre de 09:00 a 14:00 de la tarde y tiene la dirección en pantalla y una el doctor ya te puede ver. y verá más de lo que piensas. verá la valentía de tu espíritu. y cómo una cirugía, ayudará a recuperarte a pasos gigantes. en kaiser permanente, trabajamos juntos para ver todo lo que tú eres y darte el cuidado que tú mereces. no estás solo. esta tarde tendremos más información al respecto a partir de las cinco para que nos acompañen. oiga, un libro de la biblioteca ha sido devuelto después de casi un siglo completo. imagínese. bueno, la biblioteca pública larchmont de nueva york dice que el libro llamado jóvenes y otras dos historias escrito por joseph conrad, llegó recientemente en un paquete. bueno, una mujer de virginia encontró el libro en las pertenencias de su padrastro. la fecha de vencimiento fue en octubre del año 1933 con el carg

ed: the seismic shift is microsoft's acquisition of activision, if it goes.here does that leave you? you are the biggest independent studio left. do you become a target? how do you stay competitive? laura: what an amazing deal. i am positive about it. this will look to be the largest tech acquisition in u.s. history i believe. it's a gaming company. it punctuates the significance of gaming. i'm optimistic about what this means as the next standard of how we are seen. how we can partner. the significance in culture. for electronic arts, making games is complicated. it's a high form of media. a lot of companies have tried. i would imagine companies are interested in electronic arts. we are good at making good games. we are mostly focused on our strategy and the future and executing well for the growth ahead. caroline: wonderful to have time with you. the work with diversity, we really appreciate it. thank you. so much more ahead, across the world of entertainment. ♪ to find your personal style. endless hardie® siding colors. textures and styles. it's possible.

the competition and markets authority had originally blocked a £59 billion deal to buy activision blizzardideo game history. nasa has launched a spacecraft on a six—year mission to an asteroid that could be made of more than just rock. scientists think it has a metallic surface made up of iron, nickel and even gold. the asteroid, called psyche, could be the remnants of an ancient planet, as our science editor, rebecca morelle, reports. three, two, one, engine ignition. leaving the earth behind. and lift—off for falcon heavy - and psyche, on a mission to a metal asteroid in deep space. the start of a 2 billion—mile journey, and this is its destination, a huge metallic space rock called psyche. we are going to go and see a kind of world that humans have never seen before. we don't have any close—up pictures of it. we do not know what it looks like. to me that's the essence of exploration, that people always want to see what they haven't seen yet. the spacecraft is packed with high—tech instruments. it will power its epic voyage with solar arrays that are longer than a tennis court. once it a

microsoft managed to get its huge acquisition of the video game publisher activision blizzard which makesators. and that is the good news, but microsoft might also have to pay almost $30 billion to settle a tax bill. alphabet also reports tuesday. last quarter their earnings outperformed the other tech stocks. investors like that and saw the company shares jump. this time around people will look to how google cloud and google search and youtube ad revenue did, and more detail on how the ai bot bard can take on chat gpt which microsoft has a huge investment in. on wednesday, meta, the company behind facebook and whatsapp reports, facing competition from the likes of telegram, meta announced it would roll out broadcast channels allowing users to broadcast messages on facebook and messenger. on thursday, the south korean chip giant sk hynex is one of the worlds largest makers of memory chips and has had a really tough couple of quarters, like its larger rival samsung. that's because of an ongoing global over—supply of chips has caused prices to drop, but it will be interesting to hear how ai

are certainly very aware of the concerns, it almost put the kibosh on the microsoft murder with activision are finding a way around it, at least ensuring that they can contain that revenue without risking the overall health of the business which, again, has been very strong. so as we saw, microsoft shares going up some 4%, adding 100 billion to its stock market value. alphabet the opposite, their market cap went down by 100 billion following their results. what was not liked about the news from alphabet? it is interesting because alphabet, if you look at their ad revenue it actually went up and is quite strong and that has always been google's sort of home, alphabet�*s home has been the ad revenue bracket and obviously they pushed cloud computing, as well. cloud computing, as well. cloud computing is not growing at the pace that i think investors want to see, and when you look at comparing either amazon web services or what microsoft is doing, it is not quite there yet. but alphabet does have ad revenue to fall back on, whereas not so much microsoft, their business is not as reliable.— the

vmware is going to go to -- it's interesting to me. >> if we got vmware, microsoft activision, amgen,e cleaning up a lot of clutter in the m&a space. >> yeah. i think the best one right now to look at is albertson's, kroger/albertson's. they are lined up people to buy the ones that are overlapped. but both justice and the ftc has said over and over again you can't cure overlap. that's because they're reacting to the botched safeway deal where safeway put some stores with an outfit called hagan and they were bankrupt within a few months. >> palantir, new army contract worth about $250 million. that's going to be the highest since august. >> i happen to like palantir very much. i bumped into the cfo. he said, boy, you finally got on board. i said, look, the stock fell big. it's okay. your quarter was really remarkable. plus there was no cursing on the call. i thought that was an upgrade. they like to curse. i find -- i want a bleep call. it better be musk if you have a bleep call. he's allowed to do it. >> speaking of musk, jefferies today cuts tesla. they were at 265. they go to 250. t

microsoft and activision close the deal after nearly to t

we saw it with microsoft with the acquisition of activision-blizzard. you look at the software landscape, it has been a pretty good year. you see a lot of m&a activity. it is not just the five tech companies. >> philippe, so interesting to get your take. for more on accel's report, check out our latest story on cnbc.com. >>> coming up on "street signs," more u.s. big banks are set to unveil the latest results before the opening bell today. we will discuss the latest coming up next. when we started our business we were paying an arm and a leg for postage. i remember setting up shipstation. one or two clicks and everything was up and running. i was printing out labels and saving money. shipstation saves us so much time. it makes it really easy and seamless. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. ah, these bills are crazy. she has no idea she's sitting on

. >> i didn't think there would be on activision-blizzard, and i didn't think that we would have a lot amgen, and i was wrong, so i'm not going to just say that she's going to -- i mean, those deals just seemed so clear-cut and positive, and the judges report from northern california on activision blizzard was such a cslap in th face, and the fact that they agreed to something the amgen ceo put out beforehand tells me they're on the run, but i don't trust them. >> by the way, we just saw that graphic, david's documentary on exxon from a few months ago, going to run again tonight. great profile of what exxon is doing all around the world, and that was a big part of the commentary from woods yesterday. >> yes. people should recognize that -- not have the technology to get to zero on its own. sheffield said a couple weeks ago that -- the one thing is that i introduced the new ceo on "mad money," and he will not be the ceo. i was hoping for -- that they would get to the highest price that it's been. they did not. but scott's a very earnest man, and i salute him for what he's done >> there'

an angle here on so microsoft which owns part of openai was finally able to close its deal with activision link there with ai plans for the games space and whether microsoft just got a huge leg up up. >> and this goes in to the idea of what are the end applications. will there be chat bots in video games. i think no one really knows. everyone is making bets on what they think will be the technology to drive the applications if we don't know what exactly they are. and of course openai, it is all about the researchers and it is seen as sort of the best in the space as well as anthropic. so microsoft is making a big bet on that and certainly you can see that these two could be at a cross roads in a beneficial would i if they can incorporate some of the openai technology into now its much bigger video game footprint. >>> and shares of wells fargo highs of the day following a beat. the stock now green for the year. and cfo will join us next. >>> and also keeping an eye on know knovo nor disk. they say it reflects views of lu ithunedtas.vomen e it ste this is american infrastructure. megawatts o

let's get right to it, wasting no time, and starting with microsoft closing that activision deal.nd it, but that possibility is seen as unlikely. >> what do you think, victoria? >> it's great for microsoft. this has been an overhang. casinos are a big hurdle for them. if they can check the boxes and put it away, it would be fantastic. >> paid a lot of money for it. netflix reportedly plans to open brick and mortar retail destination. they'll not only offer merchandise but food options and other netflix-themed experiences. no word specifically just yet on what's going to be there. the first locations are expected to launch in the u.s. in 2025. this seems so retro for the vemer. it's not the theater business, per se. >> everything old is new again, right? i was waiting on this, the squid games theme park. that show was so large. i hear they will potentially. i see them diversifying -- >> "stranger things." >> dave and busters/disney could work for them. >> i do think it's a natural fit. live events and all that sort of thing, taylor swift's "eras tour" movie taking in $2.8 million i

activision blizzard, if you have the appetite to go to court, you can get the big deals through. what the appetite is for some of the other companies that may not fit into their sort of strategic aims. hard to imagine a carvana or affirm or one of the open doors being acquired by big tech. they're looking to generative ai to boost themselves there and even video game fits into that push that is one way. we've talked about this as well that some of the smaller deals, even by p/e firms provide hope perhaps for a buyout. it'll be interesting to see how the rest of the year plays out, if that rebound can still be sustained because a lot of the names i mentioned in the small and medium cap have had terrible second halves of the year so far but they're still up because of the rebound and earnings season, of course, will be important for the mega caps. >> all right, deirdre, thank you. deirdre bosa. after the break, vote for house speaker kicks off. why washington insiders are saying chances of a prolonged crvernment shutdown do greatly inease if jim jordan is elected. that's next. ♪ ♪

the last one was 21 years ago at 241, could it happen again when they absorb activision blizzard butig tech in general is higher. stuart: i think i did buy some more 21 years ago when it split. if it splits again ab i will do it. western digital. >> this is leading the market. a mustang percent, elliott investment management big stake in the company has been pushing for a split into two companies, what do they do this drive, flash memory business, split into two independent companies, that's why the stock is up so much. stuart: krispy kreme why did they talk about them they always bring us samples, krispy kreme. >> i picked this for you, the stock was lower by over 2% and the reason was truest cut them to hold and took the price target on $7 to 13 and they blame the weight loss drug. they said the current i'm quoting glp-1 the drug overhang on packaged food stocks will not dissipate for 60 back 12 months if not longer. but now the stock is rallying. stuart: your 20 seconds, do the weight loss drugs actually affect food sales? >> i don't buy it i think it is a bunch of bs. "saturday n

also any news or commentary on how they're integrating activision bliss a ard.use they have now got 'em. right now they're at a $331 per share. got that. let's have a look at nvidia and arm. lauren: they just got -- [inaudible] here in the u.s. to make chips for pcs, that's disastrous for intel because intel, more than half of their revenue comes from the chips that it makes and sells for pcs. for nvidia this is all all about beating apple, because apple has custom chips for macs. reuters is reporting that, yes, nvidia and amd are working on arm-based chips for pcs. nvidia plans to have one on the market by 2025. so as i see this, invidia dominates the market for art artificial intelligence, and now it's coming for pcs too. stuart: and intel's stock is actually up this morning. lauren rawsh fell yesterday when this came out. stuart: is a look at -- let's have a look at these diet drugs. eli will lily, though slow nor disk, big success. how big is that weight loss market going to be? lauren: four in ten americans are obese, so goldman sachs says the market will h