well, broadsoft was already selling.he question is where they can really add and use the leverage of this is cool salesforce to a product that is broadly out there. emily: are we going to see changes at cisco because of this or more of cisco selling what broadsoft has to offer? >> i don't think we will see any immediate changes. cisco has one of the greatest sales organizations and they are going to plug this in. this is not a huge deal for them or is not going to move the needle. a crucial buzz term is recurring revenue. this will allow cisco to do more servicing contracts, rather than just servicing hardware and we are seeing the whole industry , because itrds creates more stability in an otherwise fall to an unpredictable environment. emily: i spoke to chuck and we spoke about how they are making this transition. how well are they weathering this big change in the business? cory: i will grade them on a curve. they have had greater success compared to all other big competitors. almost all of them have fallen to the way

cisco systems is close to acquiring broadsoft. it could be announced today.ft as a market value of about $1.7 billion and has been working with jefferies group's to seek suitors. struggling commodity trader noble group is selling its u.s. oil liquids business. it expects to report a loss of more than a billion u.s. dollars in the third quarter. the stock has lost more than three quarters of its value this year. an ad hoc pilots group at ryanair has demanded double the pay offered by management. a standoff between pilots and executives since the budget airline was forced to cancel more than 20,000 flights toecting many customers due a mess up that left it lacking enough crew to maintain its schedule. jpmorgan is bringing an artificial intelligence to give traders a picture of the trading floor and predict where markets are going. the machine learning program is being deployed. it will compile data from orders to give sales people a clear picture in real-time. hello fresh is starting a market valuation of as much as 1.5 billion euros as a kicks off an initial p

company broadsoft for $1.9 billion.nd joining us exclusively on the phone, chuck robins, thanks so much for joining us this morning. >> good morning, jim, thanks for having me. >> all right, chuck, i look at broadsoft and say this could be the ideal single entity that could jump start what something you and i have talked about many times, this service revenue that you need from the big carriers is that the real plan, call center business onward to cloud? when i look at your second share, their first share, it could be monumental in trying to get service providers to really start doing more business with cisco. >> i think first thing to consider is every customer when they think about their digital strategies, they think about how they interact with their customers and trying to drive greater intimacy through their collaboration portfolio. this acquisition of broadsoft actually gives us the most comprehensive set of collaboration solutionsfor our customers across enterprise and small medium business on premise and throug

. >>> cisco buying broadsoft in a move to shore up an area where cisco's been trying to play for a longe. unified communications cisco's ceo chuck robins joined us exclusively this morning. >> first thing to consider is every customer when they think about their digital strategies, they think about how they interact with their customers and trying to drive greater k intimacy when customers drive portfolios, so this actually gives us the most comprehensive set of collaboration solutions for our customers across enterprise and small/medium business, on premise, and through the cloud. >> now, if cisco's going to spend around $2 billion, it's interesting to me that they decide to spend it on a company like broadsoft look, take a look at the stock in this company, it's trading around where it was six, seven years ago. unified communications, not a brand new area for cisco they've been messing with cisco phones and web x and what not for a long time, so this looks like that classic, hey, broadsoft is growing, say, 9% a year, they see operational efficiencies sure, you say cloud, but everybody

broadsoft has a market value of about 1.7 billion dollars.rns that it is says -- set to post a loss in the third quarter. at the same time, it has agreed to sell most of its business to reduce its debt. noble group used to be asia's largest commodities trader. now it is having trouble gaining access to financing. shares are down about 90% since 2015. health equipment while philip posted raises. there are medical technology acquisitions company. they moved away from historic roots. that is your "bloomberg business flash." tom: this is the research pizza friday.ece of it is the ecb meeting on thursday. torsten slok is with deutsche bank. everyone knows this is the actual sausage that you get from an investment house with fancy charts like this. all you need to know is this chart is different. the blue line is draghi's purchases of bonds. the red line is the issuance, and this gap is historically unprecedented going back to the west failing agreement of the 17th century. i am making a joke here. alone in this dysfunction of a bring in bonds and.

cisco systems is close to a deal to acquire software maker broadsoft, it could be announced monday.f about $1.7 billion and has been working with jefferies group to seek suitors. it attracted interest from buyout firms, sources say the cisco transition has not been finalized and details may change. haidi: australia's financial faceator is set to industry rigging cases. the investment commission is prosecuting, alleging that traders sought to manipulate trading. they are set to meet in the melbourne court in the hour. that is it for "daybreak: australia." we have remy next, and yvonne will be joining you. abe had a super majority, and we will be talking about the outcome of the japanese election and what it means for governor kuroda. we will have guests talking about policy going forward now that abe has taken away stronger mandate. plenty of gas to come in the next two hours. later,hat is right, and we have an asian society policy institute diplomat in residence and daniel russell will be joining us. he has more than 30 years of service in the state department. she will be talking a

broadsoft is a cloud-based company.on.ore jon: that is a company with a lot of cash overseas. in terms of politics, spanish prime minister announced motions to strip away catalonia's autonomy. it could come as soon as this week. joining us is maria. i could have read that introduction last week and maybe the week before. the weekend have pushed things on again. talk to me about the next steps in terms of the procedure. >> it seems we have been here before. we are getting a little breaking news now. the parliament will reconvene on thursday. this happened over the weekend. the key takeaway is the entire administration will be dismissed from office. the spanish congress will get a veto right over the catalonian parliament. the catalonian president as saying we're going to hold a session. what is new now, he is coming to madrid to explain himself before the senate. he is saying he might consider coming here and explaining his case. jon: what would it take to get spanish reconciliation? >> the article is being processed by

cisco systems to acquire broadsoft as soon as monday.ion and has been working with jefferies group to seek suitors. it attracted interest from to buy out firms. the cisco transaction has not then finalized and details may change. raise more than $1 billion in a hong kong ipo, an online publisher an e-book platform is offering shares at 48.55 hong kong dollars each. tencent plans to use the proceeds to expand its business by developing entertainment products derived from literary titles and potential acquisitions. rio tinto held talks with indonesian groups about a potential exit from its copper mine. rio is keen to sell its part of the joint venture. there is no guarantee that talks will advance or culminate in any deal here at freeport is in separate talks to reduce its holding in the mind. up next, the latest from the communist party congress in beijing, including potential changes on the politburo and that the pboc. stay tuned. this is bloomberg. ♪ who knew that phones would start doing everything? entertaining us, getting us back on

broadsoft in a deal that expands the presence in software and the cloud, which has been a priority for the company and it capped off ai year of deal making. for more reaction, we are joined by ed and corey in the studio. why did they buy this? >> they were looking to acquire them and cisco is famous for this. it matches a lot of product areas where this already exists. it is software that is used for networks and communications platforms. they have a lot of these offerings. they have been competing against them for some time and, in some ways, it is a natural fit, and others, you wonder how it will be with product categories. >> especially with the acquisitions this year. talk about the terms of the deal and what stands out. >> it is a reasonably large premium and we are looking at the price from august before the rumors first started and it is a 20% -- 28% premium and that is healthy for the sector. it is not a huge deal, by cisco standards. 200 takeovers in their history, a phenomenal number. we have seen them do private market deals and this is unusual. what we understand, it was a

agreed to buy software maker broadsoft for $55 a share.rovides communication services to businesses in about 80 countries. up onle is not easing competitors. raising the low end of its forecast for new subscribers this year to 3.3 million and raising its profit outlook. the wireless provider still in talks to combine with sprint. shares of general electric are falling today. morgan stanley and jpmorgan were among those cutting price targets for ge. the company may cut its dividend. the new ceo faces bigger than expected challenges in turning the company around. that is your latest bloomberg business flash. mark: still ahead, spain's prime minister announcing plans to squash catalonia's independence bid with barcelona not backing down what comes next? this is bloomberg. ♪ mark: this is bloomberg markets. i'm mark barton in london. vonnie: from new york, i'm vonnie quinn. the crisis in spain is coming to a head. rajoy announced of madrid will revoke catalonia's regional autonomy, dismissing its government and assuming control over police. th

in aapped up broadsoft deal worth $1.9 billion, expanding software and of the cloud, a huge priorityor the company. talk to us about the terms of the company. >> it is a reasonably large premium. if you look at its prospect in august, it is a 28% premium, a fairly healthy one for the sector. it is not a huge deal by cisco standards, but it is there 200 200th takeover. a phenomenal number. we usually see cisco do smaller numbers. from what we understand, it was a competitive process. there were other people interested in the asset and that is reflected in a decent premium cisco ended up paying. >> apples iphone x hit stores next week but a new report highlights the struggles surrounding the rollout according to japan's nikkei. initial shipments will only be around half of what was expected this year after it has been battling technical issues. >> there has been news, we heard about the display technology about a year ago, that we dug into the story about the 3-d sensor. that is the biggest bottleneck right now . they can't get enough components. they are the people making the modules

. >>> cisco is reportedly close to a deal to buy telecon software maker broadsoft for 2 billion.tch is reportedly near an all stock deal to buy deltic timber they have a combined market cap at 3.3 billion mitsubishi is going to cut wing production for the 747 dreamliner no real movements by boeing this morning. >>> philips third quarter profit fell 15% in sales but they are backing its guidance philips ceo says the company is on track for growth of 4.6%. >>> novartis said they have break through status for the treatment of mel la home in ma it showed the patient survival was 58% versus 39% shares higher by half a percent. target is starting up. they say most gifts have been priced under 15 bucks. they will offer promotional dealsfor the last two months o the year. >>> in other corporate news apple's coo will meet with fox koh foxcon they are looking to deal with the bottleneck of the iphone 10. shares of apple fractionally higher >>> toshiba is projecting a net loss of $1 billion due to the taxes from the sale of the memory chip. it doesn't include expected gains from the $17 bil

cisco is said to be close to a broadsoft deal.lized in the details may change. -- a: after al lawson 2017 garuda is17, predicting profit, but not the 12 months following a $284 million loss in the first six months of the year. david: back to the markets. lots of headlines, a big win for shinzo abe in japan. property prices in china cooling slightly. the race for the fed appears to be narrowing. there is that little matter in catalonia, a deadline again. that is something to watch for later on. the market reaction is all fun and games. the party continues. joins us now to help us parse through what is important. with that.s start he has a bigger mandate now. is there anything incrementally that he can push through that he was not able to in the previous five years? what needs to be put in place for abenomics to get sped up? laborcan accelerate market reform, which is the most important thing, getting people .o turn over quicker the mandate he wanted was for a constitutional reform. aimlso achieved a secondary , the collapse of the

the tech giant snapping up software maker broadsoft in a deal valued at $1.9 billion, expanding cisco'stware and the cloud, a huge priority for the company. talk us to the terms of the deal and what stands out. >> it is a reasonably large premium. i think if you look at it from it wasce back in august, about 28% premium which is a fairly healthy one for this sector right now. it is not a huge deal by cisco standards, but for them it is their 200 takeover in their history, a phenomenal number. usually we see them do smaller private micro deals this is , unusual as much as it is public. according to sources familiar with the matter, it was a reasonably competitive process. there were other people interested in the asset and that in some ways is reflected in a fairly decent premium that cisco ended up paying. ♪ >> apple's iphone x hit stores next week but a new report of supply struggles is clouding the rollout according to japan's nikkei. initial shipments will only be around half of what was expected this year after it has been battling technical issues involving the models new facial re

cisco buys broadsoft and arconic named new ceo, market reacting to the news unenthusiastically the stockeliable bellwetters of the overall market, a trend you could see trending up or down, that has not been the case in over a decade so which stocks can investors look toward to get a feel for the market and the economy dom chu joins us with a look at the new bellwethers, dom. >> hi, melissa when we asked experts on wall street of what they thought of in terms of who the next bellwethers are, we'll take you through some examples because everyone has an opinion. mike o'rourke says it's got to be apple may be no surprise, biggest company out there and most impact on the s&p 500, the nasdaq 100 and nasdaq composite. it's a very large at least bellwether out there also, it's not only a tech company but consumer company as well, indicator of consumer spending overall that's why apple is important. then we move onto another one. we're talking jim mcdonald at northern trust, chief investment strategist there he says it's walmart for that consumer picture because over two-thirds of our economy is

to expand into communication software, network hardware giant is reportedly nearing a deal to buy broadsoftr $2 billion, would give a leg up in the cloud industry. cisco shares up more than 14% in the past year. a man arrested for allegedly plot to go blow up a florida shopping mall set to appear in court today. cheryl casone has the details on that right now, cheryl. cheryl: yeah, so, dagen, federal agents arrested the man in a sting operation friday undercover fbi agents supplied him with a hoax bomb which he allegedly plan today detonate at mall, near miami international airport, isis sympathizer. heading out to sea sparing the capital of tokyo at japan not before killing four people on election day there. the rapidly weakening storm made landfall today, flooding there, 80,000 people had to evacuate, hundreds of flights canceled and train service was disrupted. the wall street journal reporting that tesla reached an agreement to set up own manufacturing facility in shanghai, now this deal, the first of its kind for foreign automaker and could enable tesla to slash production costs althou