a better parallel may be hewlett-packard, the pc maker was dropped in 2013 because it was a former tech giant that had fallen on hard times. the company's board of directors was struggling. the company seemed unsure what it it should be doing next. does that sound familiar at all? for "nightly business report, m bob pisani at the new york stock exchange. >>> coming up, why the new tax plan could be a problem for investors who are part of the buy an >>> airbus has inked the biggest airplane order ever. the european airplane maker has signed a deal to sell 430 jet liners valued at $50 billion to a private equity firm that has stakes in low cost airlines around the world. that deal was made at the dubai air show. >>> it was a rough day for target shareholders. that stock fell nearly 10%, despite reporting solid third quarter results and lifting its full year guidance. but it was what the company said about the critical holiday period that sent chills through investors.n >> reporter: target hit a bullseye with its third quarter results. but investors are disappointed with the holiday foreca

hewlett-packard back in 2011. and she became the ceo of the hewlett packer enterprise. -- packard enterprise. she will remain on the board and there's speculation that she could be considering a run for political office. hewlett-packard enterprise said that he will take over for her. he served as director as product development before being named president for them this year. the shares were down 6% and after hours trading with the leadership change and with the fourth-quarter results that were released. >>> the cofounder said that he is taking a leave of absence hauling allegations of unwanted touching. there was an internal memo as an apology. >> reporter: he is taking a six- month leave of aspen -- abscence. he sent a memo to employees tuesday to apologize, writing, i specially want to apologize to anyone who has ever been on the receiving end of an unwanted hug or any other chester feeling across the line in any way, shape, or form. -- chester, -- gester feeling it was crossing the line in any way. and that being done in any shape or form. >> it is said to hear someone on a high-caliber do something like that. so many people look up to that company >> report

hewlett-packard. the bones of this company are incredible, but we had to make culture change. we had to bemble, we had to be current. we were able to do it. i will say that the founder was -- founder dna was incredible of the company, but i think it is living proof that leadership from the top 10 change culture. i wish him the very best. emily: what is the likelihood we will see you in an operating role in technology, and if so, where? >> [laughter] i honestly don't know. as i said, i will take some time off, see what reveals itself. i'm a little more cautious this time. you might remember when i left ebay, i said i would never be another ceo. and yet i am a ceo of hewlett-packard. i'm cautious of never say never. we will see what happens. there are lots of interesting things going on in california and silicon valley. we will see. emily: hpe ceo meg whitman. coming up, a developing story, could your apple mac yet risk? a newlysponds to discovered security flaw. details ahead. and this wednesday, jeff curry, goldman sachs global head of security joins the daybreak america team. catch that a

there is speculation she might be considering a run for political office. >>> hewlett-packard enterprise says antonio neri will take over for with men. he served as director of product development before being named president of hpe earlier this year. their stock is down 6% at a number of stocks are slipping and what has been a light trading day. you can see the dow jones is down 54 points. >>> the faa want to give your internet provider the power to give what you can and can't access online. regulations will be dismantled that ensure equal access to the internet. it is called net neutrality and an obama regulation to ensure equal access to the internet. the fcc is poised to do away with those rules drastically increasing the power of internet service providers our isps to regulate what you can access online. the chairman claims the changes necessary because he said the current rules constrain online investment and prevent companies from innovating. >> we want all kinds of companies to be able to invest and innovate on the web. the best way to do that is to ensure everybody has the freed

living in the south bay and they want to be closer to where their workers are. >> reporter: their workers have been in palo alto since the 1930s when hewlett-packard started in a now iconic garage. two years ago, the company spun off its computer and printer business which will not be part of the move. but experts call its departure a changing of the guard. >> i'm going to be super interested to see who moves in there. they will still have a presence here but it's a big deal not to have them in palo alto where it all began. >> reporter: hewlett-packard enterprises plans to sell their current facility and expects the "mooooove" to be complete by the end -- expects the move to be complete by the end of next year. in palo alto, ann rubin, ktvu fox 2 news. >>> coming up a motive in the deadly las vegas massacre. what may have sparked the gunman to kill dozens of people at a country music concert. >> president trump lashing out over army sergeant bowe bergdahl. why the president said he should have served more time. >> president trump unprincipled efforts to stoke a lynch mob atmosphere while seeking our nation's highest office has cast a dark cloud ov

but is this going to be like hewlett-packard? i really am be2006 and between on this one. d that could prove to be an entry point. you know, with venn motors there were several periods where it went down and came back up before it finally went bust. but i'm not convinced that general electric isn't just a fundamentally culturally-broken company that's incapable of keeping its costs down. stuart: wow, you're taking this thing down. it was down 5.9% when you started, now it's down 6.1% -- >> i doubt that i did that much. stuart: i tell you, lad, i tell you. professor, time's up. see you againen soon. >> take care. stuart: now, our next guest has been in the white house with president trump during discussions on tax reform. alfredo ortiz, president and ceo of the job creators network, joining us now. alfredo, i know you like this plan, but a lot of people are not happy with it. it's not reagan-esque. we hear that criticism all the time. many upper middle class people are going to probably be paying more in the long run rather than less. so what do you like about it so much? >>

hewlett-packard ceo. landon dowdy has more on that. >> hewlett-packard enterprise ceo meg whitman will step down on february 1st after six years as ceo she will beeded by antonio nerri. whitman will leave a different firm under whitman hewlett-packard was restructured creating hpe and hp inc she said she is taking a little down time. >> it has been a privilege of the lifetime to lead the cou company. we have laid out a strong foundation for a prosperous future and now is the right time for antonio to take the reins. i look forward to experiencing hpe's progress as a board member and i'm confident antonio will enjoy tremendous success shares of hpe tumbling on the news, down about 6%. back over to you >> thank you very much meg whitman will be on "squawk bo "squawk on the street" later this morning. >>> arjun kharpal joins us from london with the latest on apple. >> this new system proposed by apple is about detecteding 3 in technology in front of you, it's based on lidar, but that requires a camera to make out what that object is. that can be big and expensive and may not be practical for driverless cars. so apple is saying we could just use lid

still ahead, a big shake up for hewlett and packard and how hp will be affected. >>> a nice looking start to a wednesday morning commute. no major slowdowns yet. >>> well, if you're sitting in the airport going, i wonder what it's like in the midwest, if it's warm or cold. it's cold. 16 minneapolis. 23 in chicago. we'll take a look at hour holiday forecast coming up. >>> good morning, a top movie executive at disney and pixar takes a leave of absence. details of the sexual harassment allegations against john lazader. >>> deliberations continue in the murder trial of the man -- the man accused the killing and shooting -- morning s 2 continues. >>> good morning. thank you for waking up with us, wednesday november, 22nd. i'm pam cook. >> good morning, i'm dave clark. let's check your weather. get you moving this morning if you're up with us, steve. >> fog. watch out for fog for us, yeah. other than that, it will be nice. if you are travelling, you can see where the plunge of cold air developed all the way down into texas. i mean, dallas, 41. you can see 35, denver. 23, chicago. that's too co

meg whitman will be stepping down as hewlett-packard enterprises ceo early next year.he led the company through one of the biggest breakups in corporate history, splitting hewlett-packard into hpe and hp inc. in 2015 hpe's current president will take over the ceo job. meg whitman will remain on the board. shares dropping on word of this news down by 5.7% the company, by the way, posted quarterly results after the close. results were in line, and revenue beat expectations. meg whitman will join "squawk on the street" today at 9:10 a.m. eastern time >> how do they do it >> you knew, by the way, there was a bit of a signal she might be leaving the company when she was up for the uber job. there were lots of questions >> flew in the face of -- strident denials she was -- i'm here at hp for along time. i read it yesterday. there were previous -- was that a faber interview when she said i'm here for the duration? >> i believe he pressed her on that >>> about 15% of the u.s. population traveling for thanksgiving weekend 89% of them are going by war morgan brennan joins us thi

hewlett-packard enterprises which just announced ceo meg whitman will be stepping down next year.quawk on the street "tomorrow in a cnbc exclusive. shares down about 7% after hours. >>> let's get to other big stories today in our rapid re p recap. >> get this, chinese internet giant tencent has now surpassed facebook in terms of market value just a day after it became the first asian technology firm to reach the 500 billion valuatio mark. >> pai saying under my proposal the federal government will stop micromanaging the internet and the fcc would simply require internet service providers to be transparent about their pract e practices so consumers can buy the service plan that's best for them the proposal will be voted an at the fcc's open meeting december 14th. >> higher carrot costs were one of the reasons why campbell's soup had organic sales decrease 32 2% i have hard time wrapping my head around the idea it's carrots. i think it may be the product line and what can i tole yell you, d center of the store is still awful and campbell's soup is mm, mm, bad. >> this is a classic v

be closer to where their workers are. >> reporter: their workers have been in palo alto since the 1930s when hewlett-packard started in aconic garage. two years ago, the company spun off its computer and printer business which will not be part of the move. but experts call its departure a changing of the guard. >> i'm going to be super interested to see who moves in there. they will still have a presence here but it's a big deal not to have them in palo alto where it all began. >> reporter: hewlett-packard enterprises plans to sell their current facility and expects the more to be complete by the end of next year. in palo alto, ann rubin, ktvu fox 2 news. >>> it was 7 years ago that an american soldier walked off base in afghanistan and was taken by the taliban. today, bowe bergdahl was sentenced for desertion. the judge's decision and the angry reaction from president trump. >> a rogue employee being blamed for shutting down the president's twitter account. the search for the culprit and the investigation into how it happened in the first place. >> we got more rain to talk about. your weekend is here! but the showers w

be. but the best parallel maybe hewlett-packard. it was dropped from the dow in 2013 because it was a former tech giant that had fallen on hard times the company's board of directors struggled and the company seemed unsure of where it should be going and what it should be doing next melissa, does that sound familiar at all? >> it certainly does are there regular meetings dates of this committee, bob >> yes, they meet fairly regularly. but obviously they don't meet -- they don't make any decisions -- they make decisions very irregularly on when things should be thrown out it's been a couple of years since any of this happened >> thank you, bob pisani at the new york stock exchange. i mean, given the ratio that currently has, the price weighting in the dow >> it's kicking itself out >> yes >> you made this comment yesterday. if you look at the price action today, the question mel posed yesterday was, was this a tipping point. >> can a ppitulatiocapitulation >> capitulation. you had a stock that traded 3% off the lows to finish respect

hewlett-packard enterprise. shares of the company are down in premarket trading. she will beantonio very. over hewlett-packard and eventually split the company into a cap more than 80,000 jobs. for more than a year kluber conceal the hack that exposed the personal data of 57 million customers and drivers. outfite hailing services hackers to paid the delete the information and keep quiet. that is your bloomberg business flash. tom, francine? francine: for more on over, let's get straight to jeremy. i imagine this is a huge legal breach, but it's also a culture problem. how do they reinstate the trust? jeremy: it's a big issue for them and they have faced a whole slew of problems over the past year. it's really up to the ceo and the board massive change the culture of the company. francine: how do they do that? who's the first person they call? is it the passenger or the regulators? jeremy: he's got to apologize to a lot of people. to thet to apologize passengers for the data breach and the regulators for failing to disclose the data breach. he has to apologize to employees for

paid a ransom only $100,000 and they got the promise that information would be discarded and also after the close hewlett packardnter prizes posted their financial results and saw a slight initial revenue earnings came in line but the real big news, the official announcement that company ceo meg whitman will step down on february 1 of next year. now she don't really step down from hewlett packard the bigger company on july 26 and in fact rumors she would depart the company completely and she denied it. it happened tonight. by the way hp, inc. the shares are up about 120% since she was elevated to ceo back on september 22, 2011. meanwhile, while the market was grappling with blockbuster news about the doj suing to stop the time-warner/at&t deal president trump today said it's "not good for the country." now we've got major news in the meantime the fcc is going reverse its position on net neutrality in an effort to create what they call internet freedom. kennedy has an exclusive interview tonight with the chairman, tonight here is a glimpse. >> some companies are very worried is the internet going to be free and o

hewlett-packard, and more recently, be 16 broadcom corporation.n this country made it harder for companies to compete in global markets, the intellectual properties of these leading companies globalized and moved offshore. but i am american, as are nearly all my direct managers. my board members, and over 90% of my shareholders. so today, we are announcing that we are making america home agai again. [applause] thank you. our commitment is a huge reaffirmation to our shareholders, to the 500 employees we have across 24 states in america today that america is once again the best place to lead a business with a global footprint. things to you, mr. president, business conditions have steadily improved. the proposed tax reform package will level the global playing field and allow us to compete effectively in worldwide markets. our move to domicile into the u.s. will bring in $20 billion of annual revenues into this country. from this base here in the united states, each year, we will invest over $3 billion a year in research and engineering and another

hewlett-packard forward. i'm a big believer in the right person at the right time. antonio is going to beic next ceo. emily: why do you think he is the guy for the job? >> i have said from the beginning, the next ceo of this company needed to come from the inside. when you come from the outside which i did, the length of time it takes to understand the people, the products, it takes a long time. we have crafted the strategy for hewlett-packard together. he will execute that strategy as a standalone company. ae next ceo i thinks to be deeper technologist and im. i am a consumer technologist. i had to learn enterprise technology for 22 years. it's in his bones. i think he is when you take this company to a place i never dreamed. emily: what you like about the proposal put forth so far? >> we appreciate the reduction in corporate tax rates. .e pay below 35% it will help on the margin for sure. we like the territorial tax system where we could bring cash overseas back and make investments. there is a lot that we like about it. being a californian it is going to be challenging for people who l

hewlett-packard enterprise and create the next wave of shareholder value. the company is ready and it's the right time. >> what's the next wave of shareholder value going to bebout and why does it need a new generation to bring it about >> so, we -- as you know now have hewlett-packard enterprise, a very focused strategy. we power the intelligence edge and have services to make it happen we are redesigning now the company from the ground up to be fit for purpose for this new environment. so hpe next is what we're calling the change in the company around simplification products sim application and supply chain sim application and changes in go to market. antonio has been leading that for well over six months and he's the right person to take the company to the next level. don't forget, i'll being on the board. i'll be right here you know, certainly continuing to do customer calls and things like that. but antonio is the right leader and he's going to do a tremendous job. >> the last time you joined us, we had some conversation about your daliance with uber, did that figure into your decision to step down >> not at all. you know, one of the things i think you

hewlett-packard enterprise. we shrunk down to a $24 billion made six or seven acquisitions in the last month, the largest being a one and that his opened up a growth frontier. a published study said the edge will keep the cloud because so much data is generated that it will require computer storage at the edge to get insights. i think the company is actually in good shape. we are less dependent on the commodity server business than we were six years ago. we have value products and growth products for the leader in high-performance compute. we have composed both infrastructure with our lead product called synergy. we have developed flexible consumption pricing so you can keep workloads on rim and pay for them as you consume computer storage. i think we are in quite good shape with a coherent strategy that has matched the needs of the market. emily: how do you turn around enterprise spending wind more and more companies -- when more and more companies outsource to call providers? >> of course, that takes a percentage of our market, largely the commodity oriented business. but there are still many workflows staying

quarter was weaker than expectations you can see shares of hewlett-packard enterprise down 5.5, nearly 6% in after hours trading. whitman will be on "squawk in the street" for an exclusive interview with david faber tomorrow morning back to you. >> thank you, morgan brennan >> meg whitman would never say this, obviously, but in the recess of her mind i think she's happy the stock is lower when she's stepping down, that's only human. wouldn't it be lousy if the stock was up 7%? >> i would feel terrible >> you understand what i'm saying a lot of it has to do with her stepping down. the stock has not been gangbusters over the last six months either. now you're getting to levels where it's bottomed out before, valuation seems reasonable maybe you can take a look at the stock tomorrow in the aftermath of today's earnings release. there's not a lot of great things going on here >> this has to be the three-day rule, in a stock that has given up its year to date performance. to guy's point, you can look at it from that 12.90 to $13. you can go back on the charts, $13 was the recent low you want to take a shot, give it a couple of days

hewlett packard said whitman will take over. here's a long time veteran and he served as director for product director or being named as president of hpe. >>> a form early teen idol dave --  [ music ]   >>  i'm afraid that i'm not sure of, a love there's no cure for   >> cassidy came to fame as part of the partrigde's familiary. he was hospitalized for organ failure and needed a liver transplant. in recent years he talked about his personal struggles with alcohol and drunk driving arrests and earlier this year he revealed he was battling dementia. david cassidy was 67-year-old. >> did you have a crush on him too? >> a little bit. >> shawn cassidy, the younger brother, yes, but i do remember the partridge family and he was not old. >> a lot of memories. >>> our time is 4:10. still ahead, uber was hack and they're accused of covering up a huge data breach. coming up, we'll tell you when it happened and how much personal information was possibly exposed. >>> and the president finally breaks his silence on alabama candidate roy moore. up next, we'll have what he said. >>> and the chp is running traffic breaks leaving san franc

i don't get it may looking at silicon valley now or looking at hewlett-packard now for the first time would be to learn that it was actually that important if you did not know the history. what do you think that says about silicon valley and the speed with which these companies turnover? megan: that is such a great point in terms of you don't even really think about them in the top 10 innovators now if you uber.at google or uvb as someone who started as a lawyer in the first.com movement, it was the hologram for so many engineers, for people who came up, who saw it as the bedrock of corporate values that silicon valley used to stand for and have been disrupted in recent years like many other industries, but it was always seen as a special place, frankly. peopleme, i think newer will not realize what a legacy connection it has from the 1960's but it was really a true pioneer. scarlet: once again, we are looking at hpe shares down in after-hours trading on this announcement that meg whitman is stepping down effective every 1, 2018, and antonio -- february 1, 2018, antonio neri will be taking ove

be surprised if more attorney's general join in. >>> meg whitman is stepping down from hewlett-packard. black friday is friday. lots of shopping. said before, when you look at the data, with the exception of some door buster deals, prices can fall after black friday. i was talking with a price expert, r.j. jain who said look for deals everywhere, even airline tickets. >> the last time i bought a travel ticket for a flight. i saved $800 by buying on black friday. it's just like, look for nontraditional items not just the products you want to buy. >> r.j. saved a lot of money. i suspect he flies first class. >> where's he going? >> he runs a website called price.com. he analyzes prices each day to get you the best price. as we found in the past, with the exception of big tvs, prices tend to fall as we get closer to christmas. >> then it's cyber monday on monday, right? >> yeah. >> is it all year now? all right. what are you doing on thanksgiving? on black friday? maybe you are going to hit the white snow, the slopes. there's another option opening up for lake tahoe skiers. kirkwood will open today. they join several others who ar

, most notably the split taking hewlett-packard enterprises, the high-growth and and spin itusiness off on the other side. she went in as c.e.o. to what was supposed to besiness, but that business continued to shrink and spend billions of dollars on acquisitions, and yet they are still taking write-downs. in this quarter alone, they spent $10 million a week in restructuring charges. the one-time restructuring charges go back to 2001. that was not all her fault, but she could not find the direction this company to resume growth. the numbers they put out today show some growth on an adjusted basis, but you see the most important divisions were not growing and that they relied on a lot of leasing. they could not get the right product mix. emily: the company president will be taking over for her. we spoke to him a while back. i asked him about his name being touted as successor to meg whitman. take a listen to what he had to say. >> i have been in the company for 22 years. always in many different areas of the business. and i am very excited about the future of this company. emily: crawford is now with us. antonio whoening to will be succeeding meg whitman

melissa: hewlett-packard ceo meg whitman stepping down effective february 1st, 2018. whitman will beemain on the board of directors. she will be replaced by the current president of hp. shares falling after hours on this news. david: wow, 7% down. i'll say. >>> sealing her statement forever, the former irs director at center of tea party scandal doesn't want her testimony to see the light of day. melissa: new consequences for north korea. how the commander-in-chief putting pressure on the rogue regime. gordon chang, author of, "nuclear showdown," is here to respond. ♪ at lincoln financial, we get there are some responsibilities of love you gotta do on your own. and some you shouldn't have to shoulder alone. like ensuring your family is protected, today and tomorrow, no matter what the future brings. see how life insurance from lincoln can help start protecting your family's financial future now, at lincolnfinancial.com. melissa: extreme pressure. the treasury department slapping new sanctions on north korea, targeting shipping and trading companies included in the sanctions are chine

hewlett packard ceo will step down. she planned to stay at the company after uber was considering her to be their ceo.tman has been at hp since 2011 and has slashed tens of thousands of jobs. no reason was given for this move. shares in the company fell 6%. tony nari will become ceo in february. >>> at&t is pushing back against government efforts to pull the plug with his merger with time warner, department of justice is suing to block the deal arguing the merger could have a huge trickle down, the government says competitors could be hit with higher fees for distribution rights. it says to make up for the increase cable subscribers could see their bill goes up. the chairman of at&t is questioning the white house's possible influence. >> there's been a lot of speculation whether this is a you will about cnn, frankly, i don't know. but nobody should be surprised that the question keeps coming up. the bottom line is we cannot and we will not be party to any agreement that would even give the perception of compromising the first amendment protections of the press. >> the department of justice says politi

sales force, hp, and hewlett-packard enterprise will be out after the closing bell. >>> a positive finishs on monday with small caps outperforming. let's get you caught up on the broader markets. joining us is karen cavanaugh, and chris ressler. chris, let's talk about the small caps for most of this year small caps have underperformed. you think that's about to change >> 2016 was a great year for small caps what we saw in december after the election was the trump trade. there was great expectation for a lot of tax reform, tax repatriation that's taken a lot longer than the market expected. but we're coming back into that period where some of those elements are going to probably have some clarity. we think the small caps are benefitting from that. repatriation will probably cause more m&a in the marketplace as companies like cisco or hp try to bring more money back to shore. >> you don't think the nax cuts will necessarily be driving growth for smaller businesses, but because the big companies will do so well with rotateiation that in turn -- >> probably a bigger driver for the asset clas

hewlett-packard. meg whitman is stepping down early in the new year. just five months ago she said she planned to stay at the company after uber was widely reported to be considering her as ceo. whitman has been at hpe since 2011. she oversaw the elimination of tens of thousands of jobs. >>> no more marijuana ads on san francisco muni. its board voted to ban all pot ads on vehicles and shelters. right now there are 130 medical marijuana ads on the sides of buses. they'll be gone once contracts for the ads space expires. muni tells abc 7 news the ban is in response to complaints from riders. the agency also says it wants to remain consistent with muni bans already in place for tobacco, alcohol and firearms. >>> san jose's fire chief announced he is leaving after 25 years to the city. "the mercury news" reports chief curtis jacobson's last day will be december 15th. assistant fire chief robert sapien jr. will be serving as acting fire chief as the city searches for a new chief. >> we are hearing from a san rafael fire of three, who was detained by i.c.e. here he is just outside the correctional center in elk grove near sacramento. you can see hugo majia

she became the ceo of hewlett packard enterprises and whit man did not say who led to her decision, and there's speculation she might be consider running for political office. in 2011, she ran unsuccessfully for governor. neri is a veteran of hp and served as director for product director before being named as president of hp. >>> curtis jacobson is retired after 25 years in of the department. he joined the department in 1992 as a recruit be before becoming fire chief in 2015. the city manager says assistant fire chief -- he'll be the acting fire chief while the city conducts a nationwide search for a new chief. jacobson's last day is december 15th. >>> uber was hacked and accused of covering up a data breach. coming up, we'll going to tell you how much information was potentially exposed. >>> president trump breaks his silence on moore. we'll have more on what he said, coming up. >>> good morning, right now, it is looking pretty good on the roads as you can see on 24. it's a pretty good drive to oakland from walnut creek. we'll tell you more about the morning drive on the wednesday before thanksgiving. >>> fog looks t

get to the first word news jessica:ica summers p hewlett-packard slumped on news that ceo meg whitman is leaving. she will step down on february 1, to beed by president antonio neary. whitman became ceo in september of 2011. hpe's fourth-quarter revenue missed estimates, and its first-quarter earnings per share forecast was below analyst expectations. pai hasrman ajit proposed and a net neutrality rules, handing a victory to broadband providers like at&t and comcast. pai set december 14. that includes a ban on fast lanes and gives quicker service to content providers willing to pay extra. the trump administration has sanctioned three chinese trading companies to disrupt the funding of kim jong-un's nuclear program. treasury secretary steven mnuchin says action is being taken against one individual, 13 entities, and 20 vessels. nine of the firm's sanctioned are publicly traded. a senior minister says singapore's wealth management industry has not seen significant outflows despite a down on taxp evasion. singapore will start sharing information on bank accounts under anour nationals oecd program. the senior minister of finance says there

be closer to where their workers are. >> tech companies like google, adobe and microsoft are are expanding into the south bay. hewlett-packardish the move by the end of next year. >>> 7:48, let's talk about this rain, let's go over to rosemary orozco for a look how long it is going to last. this feels like it is getting used to it. it's odd, really? where have you been? >> i worked last night, i'm like yeah, rain. >> well folks waking up this morning, you know, you don't have to go out do that run, you can just relax on your couch. you can enjoy the rain from indoors. or if you like the rain maybe get out and go for a run. giving you a look from san francisco, probably quiet out there. folks stayed indoors when it looks like this and feels like this. guess what, by the afternoon that is going to change. i have a feeling a lot of people will be out later this afternoon when the sun pokes through. here is a look at the 24 hour rainfall amounts, this is preliminary and not the totals just yet. getting more than a third of an inch, thank you, frank. santa rosa 4500ths inch, almost .5-inch there. north bay benefited over areas wi

be at work. >> reporter: knowing this four legged highwero made a differen. chris wen, abc 7 news. >>> silicon valley tech titan stepping down. >> surprise from packard hewlett comes as a surprise to many. >> to me it's an honor. >>> meet a man reuniting with north bay fire victims with precious memories left behind. >> i'm christian spencer with the forecast coming up. >>> a high-profile murder case involving a wea - everything we stock at grocery outlet has crazy low prices. do you know how we do it? - how? - bargainomics! say, if california has a bumper crop and produces too many oranges. or a winemaker in sonoma suddenly has 1000 bottles too many. we've got name-brand, top-quality groceries priced 40-70% off every day. bargainomics. that's our business model. and our business model is... delicious. ♪ grocery outlet bargain market ♪ the energy conscious whopeople among usle? say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these caretakers, advocates too? turns out, it's californians it's me and it's you. don't stop now, it's easy to add to t

be at work. >> reporter: knowing this four legged highwero made a differen. chris wen, abc 7 news. >>> silicon valley tech titan stepping down. >> surprise from packard hewlett comes as a surprise to many. >> to me it's an honor. >>> meet a man reuniting with north bay fire victims with precious memories left behind. >> i'm christian spencer with the forecast coming up. >>> a high-profile murder case involving a wealthy >>> breaking news from florida where former idol david cassidy died. >> he rose to fame as keith partridge on abc's the partridge family. >> his song, i think i love you spent weeks on the charts at number one. >> he had been in the hospital for an organ failure. he died from then sha, he was 67 years old. >>> meg whitman will step down at hewlett enterprises. she said she plan to remain hp's ceo after uber was widely reported to consider her for the same position. whitman, a former ceo at ebay and california nominee has launched tens of thousands of jobs trying to move hp enterprises from printer to cloud computing. no reason was given for this move. >>> in sonoma county today an act of healing and kindness, one of many that have gone unrepo

be dominating but that is not the case. inc., and purple is the overall tech sector and it is hpe. -- in white and analyst said he would take hip inc over hewlett-packardhinks that's where growth is on a relative basis. vonnie: thank you for that. mark: time for the bloomberg business flash, the biggest business stories in the news. a company rejected a third unsolicited takeover office -- offer. they say the bid is not in their best interest. emerson.se from a payday from goldman sachs, they will get $180 billion in fees for managing toshiba's share sales, the electronic firms is selling $5.4 billion of new shares to avoid being delisted from the tokyo exchange. peter thiel an early investor in facebook sold 72% of his stake in the social media company this week. he is a member of the facebook board and sold 160,805 shares for between $9 million according to a regulatory -- $429 million according to a regulatory filing. $29 million according to a regulatory filing. battle of the charts. this is bloomberg. ♪ ♪ mark: it is battle of the charts where we look at some of the most telling charts of the day and what they mean for investors. access them on th

hewlett-packard enterprise down about 40% so far this year. in an interview with the liberal media outlet, hillary quit discussing what life would be like on an alternate plan it made earth to where she is president. >> let's start with north korea. >> for one diplomatic pressure and sending diplomats who know the language, know the history, know the culture. >> go would have been on gun safety. >> as much money as it took enforcing laws we have and i would be pushing for universal background checks that would include gun shows. train to a nice recap of all the things she ran on the she didn't win the president see on this earth. the senior headlines. over du. lauren: after week of silence, president trump defending the senate nominee worry more who faces several miss carton delegations. firmly denies those accusations. >> you can't remember what she did 40 years ago but she remember what she did do. he didn't have any wrong bowl relationships comment engage in a misconduct with an underage woman. cheryl: redknapp thing, utah senator mike lee in the president of the southerland institute. boy, we have a lot to get to. let's kick off with the

be succeeding meg whitman there. with meg whitman herself. what did she have to say? >> we talked about the quarter and her legacy. what she feels is that hewlett-packard in a way that were not when she arrived. if you look at the situation this company was in when she arrived, they were in a real haphazard situation with the exit of the head architect. the playbook they are running now is a playbook where they can and do innovate. the problem is they still participate in a lot of relatively low market segments. i have to tell you, this company was irrelevant, heading towards irrelevance, 3-4 years ago. the playbook of value added areas of the infrastructure that they can add to their portfolio and sell through their channel is showing revenue growth. that revenue growth is something we have not seen for a number of quarters. now we see the second sequential quarter, so relatively -- we talked about it. the business is performing has in recent it history. separate from that, you have to look at how is the job done. that is the ". -- open question. kind of leadership is he expected to bring to the company? >> i have known him over 10 years. pre-compaq m

joining me now, former ceo of hewlett-packard, carly fiorina, who ran for president last year. welcome back to "f news sunday." >> carly: thanks, good to beith you. >> chris: let's start with roy moore and the pridents evolving position when the allegations against the judge, here they are. >> the president said in his statement earlier this week that if the allegations are true then roy moore should step aside. >> the incontrovertible principle is that there is no senate seat that is worth more than a child. >> i can tell you one thing for sure, we don't need a liberal person in there, a democrat. >> chris: what do you make of the president now siding moore because, one, he says the judge denies the allegations, and two, because he says the judge has an opponent was a liberal? >> carly: that's politics, isn't it? this is all about politics and that's why when politicians talk about this it doesn't have a lot of credibility. this has been going on in politics for a very long time. democrats try and defend their own, or republicans tried to defend their own. it's a little bit like george washington warned us 200 years ago, the problem with

shares of hewlett-packard enterprise fell in after-hours trading following news its chief executive meg whitman will step down as chromatonext year and beced by president antone thoughio nayeri. cnbc, first in business worldwide. ok, you just found ou you're being audited. now what? well, after your first reaction, consider your choices. go it alone, against the irs and its massive resources. hire a law firm, where you're not a priority. call your cpa, who can be required to testify against you. or, call the tax law firm of moskowitz, llp. i went from being a cpa to a tax attorney because our clients needed more. call us, and let us put our 30 years of tax experience to work for you. >>> welcome back to mtp daily. that did not take long. cbs news fired celebrated journalist and television host charlie rose today, less than a full day after allegations by eight women that he sexually harassed them became public. pbs has also severed all ties and will no longer distribute the show that bears his name. rose is just the latest person in what has become a deluge of reports about powerful men across hollywood, journalism, politics, music, and

hewlett-packard slumped after hours on news that ceo meg whitman is leaving. she will step down on february 1 to be succeeded by company president antonio narrate. whitman became ceo in september 2011 and will remain on the board. hp fourth-quarter estimates missed -- fourth-quarter revenue missed estimates. news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. on paul allen. this is bloomberg. haidi: thanks for that. still ahead, this guy is the limit for china's new tech of. we take a look at why a new airport is crucial. rishaad: news from jpmorgan on where to invest and where to avoid. this is bloomberg. ♪ haidi: a quick check of the latest business flash headlines. several chinese lenders have plunged after it is reported that country will halt approval to the new online micro companies. they sell as much as 20%. others also dropping. the tightening is said to be due to risky cash loans, raising concerns lenders could be subjected to further restrictions. rishaad: hsbc has been fined a record $51 million u.s. in hong kong over structured products li

hewlett-packard enterprises saved after hours as ceo meg whitman said she's leaving the role. she will step down in february and beced by the president. adjusted earnings per share for the first quarter at $.24 below the $.27 estimate. tesla has been burning money at a rate of about $8,000 a minute over the past 12 months. bloomberg data shows that the trend continues, the company will exhaust its current cash pile by august 6 next year. the carmaker blamed hitches and cost of wrapping up the output of the all important model three. tesla shares rose almost 3% in your, taking the market cap to $53 billion. ford by comparison is $48 billion. shares in nippon paper suspended in tokyo after report that it later cash offer to buy another company. other company said they were ending talks over a potential merger. a spokeswoman declined to comment. without confirming any discussion with suitors otherwise. jpmorgan is weighing whether to -- onlients that on the bitcoin. according to a person with knowledge of the situation, the , thebanking giant itcago-based cme group said will know by the end of the year. pixarad of wa

be reversed. liz: thank you, brit and elizabeth. we having you go on the show. come back soon. >> thank you. liz: stocks closing at a all-time high. hewlett-packard shares, though, taking a tumble as a bigwig steps down we have nicole petallides on the floor of the new york stock exchange with the latest. nicole. >> liz, it was a record day on wall street across the board. the dow, nasdaq, and s&p 500 and russell all hit record highs today. we saw technology leading the way, so that was some good news for those folks who are loving names like apple and microsoft. take a look at some of the movers. hewlett-packard enterprises both to the down side on the news that meg is going to retire in february. and that -- despite the fact that they had a good quarter and good outloot for hewlett-packard. then there's the at&t time warner merger, which president trump says is not a good deal for the country, the analysts are skeptical and think the department of justice's case is weak. the stock finished mixed. liz. liz: okay. just to recap, hewlett-packard enterprise ceo meg whitman looks like she will step down later next year. uber withheld a hack exposing

be okay tomorrow. but a lot of cloud cover on the way with the next shot for rain on sunday. >> thank you, steve. >>> meg whitman is stepping down as hewlett packardd ceo in 2011 and oversaw the break-up of the company into two entities in 2015. she will remain on the board. there is speculation that she might be considering running for political office again. in 2010, she ran unsuccessfully for the governor of california. antonio will take over for whitman as ceo. he served as director of product development before being named president of hpe earlier this year. >>> it could be the biggest black friday deal that you could score. why car dealerships are trying to clear out lots. >>> we have pretty good deals that you can catch and support your own local community. that is coming up in a moment. >> welcome back to mornings on 2. it is now 7:22. from car deals to a lot of gadgets for kids, there's a lot to look forward to this holiday weekend. >> pam cook is back in the studio with this morning's money business report. >> a lot to take advantage of. meantime on wall street, sales force and game stop reported anticipatings that beat analyst estimates

be held december 12. >>> the discussion on sexual harassment continues on "this week" with george stephanopoulos. mary bono and eleanor holmes norton will talk about the issue in washington. the former ceo of hewlett-packard will weigh in on sexual harassment in the corporate world. a one on one interview with senator susan collins and white house legislative affairs director mark short. "this week" starts at 8:00 at "good morning america." >>> the senate is ready to start debating its tax bill after the thanks gi s thanksgiving break. northern california congressman john garamandy says the plan could be devastating to californians. sg >> the elimination of the state and local tax deduction is going to cost well over 55% of the people in my district somewhere around three or $4,000 of additional taxes a year because they're not going to be able to deduct that. >> democrats are now trying to mobilize against the senate version of the bill, which includes a partial repeal of the affordable care act. >>> david cassidy is suffering from organ failure. the 6-year-o he was in an induced coma but is now conscious. he needs a live transplant. he is best known for his role in the '70s tv series "the pa partridge f

be held december 12. >>> the discussion on sexual harassment continues on "this week" with george stephanopoulos. mary bono and eleanor holmes norton will talk about the issue in washington. the former ceo of hewlett-packardin on sexual harassment in the corporate world. a one on one interview with senator susan collins and white house legislative affairs director mark short. "this week" starts at 8:00 after "good morning america." >>> the senate is ready to start debating its tax bill after the thanksgiving break now that the house passed its version. northern california congressman john garamendi says the gop plan would be devastating to californians. >> the elimination of the state and local tax deduction in my district is going to cost well over 55% of the people in my district somewhere around 3 or $4,000 of additional taxes a year because they're not going to be able to deduct that. >> democrats are now trying to mobilize against the senate version of the bill which includes a partial repeal of the affordable care act. >>> david cassidy, who says he is bet battling dimension sha, suffering from organ failure. tmz reporting cassidy needs a liver transplant. he is known for his role in the tv series "