emily: there has been a lot of deals happening -- avago, broadcom, intel, altera.o you see a segment broadly at hp that could be transformed by m&a? meg: yeah, yeah. i think why you're seeing a bit of -- quite a bit of increase in m&a activity is our industry is changing. about every 10 or 15 years in technology i see tectonic plate shifts. web 1.0 to now -- mobility and web services, we are on the cusp of another enormous change and when that happens the industry rearranges itself. and i think that is what you are seeing. so we are back in the m&a game now that we have repaired our balance sheet. so we will augment our core innovation that we do internally, what we call organic innovation with m&a, but we want to be smart about it. emily: you mentioned tectonic shifts. do you think we will see more consolidation? meg: i do think you will see more consolidation. that is what happens when industries get disrupted and dislocated. i can't tell you how that will play out, but i am not entirely surprised at some of the m&a in recent weeks. emily: any sectors you can poi

we have broadcom up. sky work is up. in europe, the suppliers have been down.is a story to keep an eye on. my chronic, the stock is up. it's the best winning streak since january 2013. they upgraded shares from neutral. they see improving gross margins in the second half and a 40% upside potential. the new price target is $18 per share on micron. this is a very bullish turn. it's interesting considering there is a down turn. it's a will is for two reasons. it is starting to reverse. the stock is moving above that trend line. that tells us that buyers are interested. it could climb back above the average. the last time this happened was in 2012. bullishuld be some action ahead. betty: thank you. abigail doolittle at the nasdaq. taylor riggs has more from the newsroom. taylor: they are looking at ways to have planes live stream more data. that would mean investigators would have to rely so much on the recovery black box recorders like the ones in the egyptair crash. jets do stream some data back to airlines. the german unemployment weight is the lowest since reun

i say stick with broadcom. i have to say, to say that this is important is to underestimate the most significant employment report of 2016. fits strong we can almost be sure the fed will pull its trigger in the rate increase in the coming june meeting. it has been selling off for weeks in anticipation that they have spoken for the three hikes this year. virtually assuring this one has to happen. not enough months are out. only a very weak number could upset the rate hike apple cart. if the number runs up, i'll bet you will get a sell-off. the feds will set rates any way. to ease concerns. here's the bottom line. we're light on earnings. we've got a heavy anchor on friday with the pay roll number. if we get a strong report, you can bet the fed funds will notch up. and even more hikes will be on the table. ryan in florida. ryan! >> caller: so my grandpa is a really big fan of the show and i thought i would ask you some advice on one of mine. i invested in kindermorgan. now i'm down 40%. i've been holding it about

but i think the better trade right now, or the beta names off of that, some of these chip names, broadcom, or going towards micron right now, or going toward something like a sirrus logic. >> amazing story. a name we talked about in the show a couple weeks back when the stock was beaten down. look, if apple actually truly does put oleg screen in every phone in '17, it's a massive opportunity. we highlighted this in the last upgrade, $150 price target on the stock. what's interesting about today's action with the suppliers is it was all short covering. that's all we saw was short covering on the desk in the supply chain. you've seen a lot of derisking by hedge funds. it was short covering primarily not really long, or adding to positions in these particular -- >> does it matter? does it matter if the rally, or if this rise begins with a short covering rally? >> not to me. no. i don't think it does. >> i don't think it does either. it's been right to be negative since the beginning of last year. here's a stock that went from 130 down to 90. along the way, and it's happened a couple times no

this is the company that is, i think, going to end up being, perhaps arks long with broadcom, maybe the largest semicon tukter business. it's not department on cell phones like so many others. you're not going have to monitor cell phone numbers. internet and cloud is growing fast. this is a company that caught free scale. it gives them a hammer lock on automotive. every time you see stories about gm doing a driverless car, this is the semiconductor company that has the most. the new bmws are filled with nxpi equipment. their semiconductors are where intel companies were 20 years ago. brian, the ceo of intel, everyone passed on it. they made the money. they're near field communications. i push this, you buy at walgreens, that's their technology. i just bought you. a simulation of you. >> how much is that going for? >> i'll check on ebay in a moment. nxpi is -- you have to be in that. >> we'll keep an eye on that. >>> let's get back to today's all-important jobs number. the labor department reported 160,000 jobs added in april. the weak ens in seven months. unemployment holds steady at 5%

lam, broadcom. more on the rally in the chips. the chips aren't down. the chips are up.ll have more on that later in the show. brian? >>> news alert for the energy market. it oes time for the weekly rig counts and the counts coming in unchanged compared to a week ago. 318 rigs. the first time in nine weeks by the way that oil rig counts have not fallen. we are still, though, down 341 compared to a year ago and lost last couple of weeks and we had 1,851 rigs gas and oil, 1,500 in 80 two years ago. >> now what? >> 40 to 50 jobs associated with each rig. those are jobs coming off. >> in a year. >> lowest ever recorded data basically. >> wow. >>> still ahead, hitting housing. we have new numbers showing that the spring selling season is in full bloom. plus, do you want a brand spanking new tesla model 3? all you got to do is go to work for a north carolina-based company and they'll give you one. you're going to hear from that entreprene entrepreneur. why he is doing it when "power lunch" rolls on. >>> welcome back. i'm tyler matheson. fresh numbers showing the spring housing

newspaper has historically had a great relationship with fox com could be -- that's why you see broadcomoving, you see skyworks, cirrus logic, this is all the idea that everyone has been gearing up talk about something that no one's looking for, the idea that iphone 7 could be good because it's been doa. all analysts been saying doa. in weeks to economic daily news i checked how authoritative economic daily news and fox con have been, 100%. they say things are good or if there's a lot of parts being order ordered, they're right. a lot of people knew apple sale. >> would be the highest production for an iphone in two years, at least two years. >> it's what lowell mcadams said would happen. all got lost in the apple is dead moment. remember when apple was going to file chapter 11 with the most cash ever? because analysts -- >> it's sarcasm. just make sure people know that. >> it would be ill advised for them to file chapter 11 with 50% -- >> some of our people on twitter don't understand sarcasm. >> no, they don't. i had to tell so many people i liked you this weekend. no, i really like hi

among the names leading that etf higher are holdings like nvidia and sky works and broadcom up by 2%e day so far. and now to more news here, we have kate kelly with a news alert. kate? >> thank you so much. more 13 rolling in. that is tiger global, they're known among other things for technology investments. a couple interesting things. we continue to see the lack of favor for apple shares n this case, the position was decreased to 5.66 million shares from 10.6 million. that was during the first quarter, of course. also, amazon, a decrease to 1.04 million shares for tiger global from 3.19 million previously. now less going on on the new and increasing position side for tiger global than on the dissolve or decrease side. one notable new position close to a million new shares of zillow, a stock that is rallying today. interesting moves for chase coleman who had a tough first quarter. don't know what motivated him. although if performance was bad, perhaps he's trying to get out of certain positions and raise some more cash. >> thank you very much, kate. >>> it is time now for "trading n

watch out for how stocks like jabil circuit and broadcom and sky works do in today's session. >>> donaldng a joint statement, calling their meeting a positive step towards unification. the speaker of the house stopped short of endorsing the presumptive gop nominee. john harwood joins us now with more. john, watching it yesterday, i'll tell you the kind of conclusion that i came to. you knew full well they weren't going to walk out and ryan say, i'm endorsing him! i watched reince priebus and other people, the way they're sort of managing this situation. iff was almost impressed that they, you know, they're not like keystone cops. the way they handled it almost looked like they were professionals and by the time we get to the convention, looking back, if ryan does have more meetings and does finally come out and do it and lindsey graham continues to make overtures, almost looks like they handled it the right way. is that possible, that they could do that? >> i think they did, joe. i think this was a very good outcome for the republican party. >> shocking! >> it was smooth. it defused the