not need as much help as some of the smaller sierra.s, such as pcm joining us from new york is alex shermanex, these are companies that i have covered for more than a decade. and they have been on their own for so long. what is driving this right now? corey, isome of this, allly a product of, well, of my friends are doing it. why don't i? we have seen so many semiconductor deals already that they simply beget other deals. if you are texas instruments and you see a votto and intel all doing deals, these are to think to yourself that maybe the window is now for me to get in on this and increased scale, when all of my other peers -- some of them are direct competitors -- are getting bigger. in the broader secular industry, growth is slowing. and his company's across-the-board need to come up with new ways of growing. companies a way that with slowing growth look to boost profit. cory: the bankers are out there shaking the trees, going to all the companies and say is or any point at which you would sell? xyzyou will believe this, semiconductors is willing to sell/ . alex: the ceos of a lot of t

thanks so much to you, alex sherman, for covering that for us. u.s.tocks held onto their trading at ans, seven-we high as the dollar dipped. we had su keenan watching the action for us on wall street. su: amazon.com climbing to a record. we also have investors looking to earnings season. there is a bit of a wait and see mode. the u.s. dollar fell to a three-we glow, even after that fed officials spoke out over the weekend. they have been backing the case for higher interest rates by the year-end. dennis lockhart said and improving u.s. jobs market support raising rates this year and he echoed vice chair fischer's we can comments. then you have the chicago fed president, charles evans. he is representing or repeating his view that the appropriate policy would be a delay until mid-2016. and then you have bring -- brainerd, who prefers a wait and see approach. to wrap it all up, with what is going on in washington right now, it is not all clear. take a listen. >> we have this juncture between stanley fischer that we expect to tighten. the incoming data i

joining me now is a partner at greylock capital who worked there for a decade and alex sherman, our m&a reporter at bloomberg. lay it all out for us. dell is one ofis several large, legacy tech companies who in many ways best days are behind them and they are trying to figure out what is the next depth forward for us. part one of that plan was to go private and refocus on the enterprise segment to get away from what we all know dell as from a consumer pc product company to a company that services information technology too small and medium-size businesses. emc is a large enterprise company and whose core competency is storage rather than -- emily: do you see them getting out of the business? jerry: pcs are declining and everyone's moving to a mobile, tablet world. why would you become a more low-margin pc business to pursue the storage business? ofly: what is the amount that they are taking on? alex: i wish i knew the answer to that. meg whitman just put out a memo -- take this with a grain of salt because they were deep into discussions to do a deal themselves. but they said dell wil

scarlet: alex sherman, thank you. alex sherman in san francisco. dell he broke the story on dell acquiring emc. alix: a convention on how to fix washington is taking place in new hampshire. are there, their plan to break the gridlock in d.c., next. scarlet: glencore is digging for cash. minedering selling two s. will it restore confidence ? alix: malaysian airlines is rebuilding its image. is it too little, too late? ♪ alix: welcome back to the bloomberg "market day." i am alix steel. scarlet: i am scarlet fu. its: ab inbev has raised bid for sab miller, offering $104 billion. sab miller has refused to negotiate and says ab inbev is undervaluing the company. with matte will check campbell shortly mercedes-benz is the top-selling luxury car brand for the third month in a row. deliveries for september rising twice as fast as audi and bmw pits sales climbed 16% last month, driven by demand for suvs. alix: opec counting on stronger demand for oil next year. the cartel came out with its forecast, disclosing last month it pumped the most in three years.

joining us now is the reporter who broke that story, alex sherman of bloomberg news. alex: no price point yet. my colleague and i broke the story last week. it basically said there was another bitter, and that is, texas instruments, who may have been in on the process all along. a bank that maxim has and they are talking with several people. the big decision from the maximum data point is whether they will sell at all. we see the stock jump quite a bit today, but it is possible from our sources that they will decide their internal plan is actually better than selling. we have seen significant premiums, 30%, 40% premiums from other chip deals recently. and maxim is already a big company, $11 billion market cap company. ti pay up? it would be a big deal for either one of those companies, a bigger deal for abi than ti. there have been many deals in the industry already. with this be a tie up or -- would this be a tie up or a defensive move? alex: good question. talking about pmc sierra or others, those could be seen as defensive. maxim probably doesn't need to do somethin

a much.lex, think is alex sherman of bloomberg news.h more ahead on the bloomberg market day. ♪ the 1% isng part of taking on new meaning. about free art. >> it is a little unusual, and it is getting more uncommon, but the beautiful paintings by roscoe, they hang on your wall, unless you sell them, you're not going to make money, and now are lending is becoming more popular because investors, hedge fund managers have figured out why not give this work of art as a collateral and get some money from it. usually, a person has an amount in mind, $100 million, 200, whatever it is, and they put together a group that is worth twice the value because banks and lender's usually round up 50% of an artwork. vice >> i understand are some major players out there. one of them is steve went. can you tell me what he is doing? katya: he keeps the work. it has work from sylvester stallone, picasso, warhol. several works have sold. there is a double elvis that sold for $35 million at sotheby's. there is also a jackson pollock painting that sold in may for

alex sherman is in san francisco today for us who broke the story. alex, let's start with you on the details of this. why does this make sense? both of these companies are legacy tech companies whose main core businesses are not growing nearly as fast as they once were and they come together because they have complementary products. this is a method you have been hearing -- method you have been hearing from both of these companies. business focuses on small and medium-sized businesses. emc has a much better relationship with large businesses. you put them together and you combine dell's server business and emc's storage business and you have a large, formidable competitor with major cros s-selling opportunities that neither had as an independent company. emc gets the benefit of being a private company because michael dell will run the company. dell is private. joe tucci, they have been looking for a successor for a while, they have been getting a lot of pressure from activist investor elliott and this is a way out for him. he does not have to spin off

bloombergs alex sherman yesterday broke the news that sandisk is in advanced talks with western digitalll itself to western digital. 80 andomewhere between 90. the deal could be announced as early as this week. western digital it receiving a $3.8 billion investment from a chinese university certainly, increasing funds available for this sort of deal. western digital has been down as much as 4%. sandisk up more than 5%. company hadthis initially been brought in as a potential of fire of sandisk as well. not as much talk about that today. but micron technology was announcing extreme flash technology. a faster flash memory. the company thinks it could revolutionize the way the designs forindustry instant performance. the stock down 2%. betty: thank you. on the nasdaq.le after more than a decade in power, canada's preservative -- conservative party is out. justin trudeau one the majority in the national election. gained 150 seats, the biggest political comeback in canada's history. >> this is what positive politics can do. this is what a positive hope -- a hopeful visiona nd a platform and

matt: fantastic scoop from alex sherman and ed hammond -- ibm is in advanced discussion to buy assetsown the weather channel and the website the weatherunderground. company is owned by a couple of private equity groups -- blackstone and bain capital, as well as comcast, nbc universal. they have been working with morgan stanley to explore a sale. those private equity firms and nbc bought it for $3.5 billion in 2008. ibm, in the midst of trying to monetize watson is going to buy assets from the weather company. stephanie: my bloomberg is on fire. what is your take on this? chris: buy low, sell high. stephanie: you heard it here. investing luminaries like stan druckenmiller sake short the heck out of this thing and over the last two weeks we have got news. what is your take on this company? chris: everybody is making acquisitions. we talked about it earlier. making acquisitions, if you buy a company that is less best valued less than you are valued on a multiple basis, and i do not know what the valuations here are, but that is a way to increase shareholder value. you are taking equity,

peabody: to convince alex trebek that the world adores him more with facial hair, sherman and i set the4, culver city, "jeopardy!" studios, for alex to try... the trebek! been there, done that. [ laughter ] this is "jeopardy!" let's meet today's contestants -- an internal-medicine resident from toronto, ontario, canada... a cellar hand from los angeles, california... and our returning champion, a paralegal from washington, d.c....

that the world adores him more with facial hair, sherman and i set the wabac to 1984, culver city, "jeopardy!" studios, for alexhere, done that. [ laughter ] this is "jeopardy!" let's meet today's contestants -- an internal-medicine resident from toronto, ontario, canada... a cellar hand from los angeles, california... and our returning champion, a paralegal from washington, d.c.... d re is the host of "jeopardy!" -- alex trebek! thank you, johnny. hi, folks. welcome, ladies and gentlemen. over the past two weeks, our champion, matt, has become a very successful 23-year-old. and i'm sure that erik and sameer are hoping to emulate his success on "jeopardy!" let's see how it works out, gentlemen. good luck. here we go. all right, time to find out about the categories, and we start off today with... each correct response will end with "a-n-y." matt, you're the champ. you go first. let's start with 21st century movies for $600, alex.