it is still lower than caci's shares of general dynamics, csr and caci were alligher on the day. >>> investors had their first chance the act to arena pharmaceutical's upbeat drug study results released after the bell last night. the drug maker said its treatment for colitis performed signature conditionally better than the placebo wtsh fewer patixperiencing side effects. the company plans to move forward with additional tests. the shares jumped 29% to h$39.. >> i been a staple in many portfolios for delddes. you cou call it one of the original disrupters.ec recenttly it's shares lost more than a quarter of its value. but ibm sees its future powered by new technology. deirdre bosa has more. >> reporter: at ibm'nn aual think conference the company's wiggart demurs anders are here in las vegas to hear about big blue's future strategy. weern able to sit down with ibm's krechlt to hear about her turn around plans to shifthe company towards next generation technologies like blockchain and artificial intelligence as its legacy business slows. >> it is a different company than ten years ago

and caci making a bid to buy csia caci has offered $44 per share in cash and stock. >>> all right.more stocks to watch this morning. alibaba will invest extra $2 billion in e-commerce firm lazada group also tapping one of its own execs to run that business >>> shares of hyundai slipping this follows a u.s. probe as to why air bags failed to deploy at some of its sonata sedans. those shares offer by 4% >>> and watch shares of grubhub, the company's stock being downgraded by stifel those shares unchanged in premarket trading. >> and we're just getting starts on "worldwide exchange," up next, we're going global there's a new banker in china. we're going to tell you what it means for the markets. >>> and viral video alerts, both over the age of 100. setting usa track and field records. we'll bring you that amazing footage later in the show. stay tuned you're watching "worldwide exchange" here on cnbc it can power your apps with public services without starting from scratch. it brings your business up to speed, doing more with systems you have in place. it can bring all your apps to lif

caci offering $44 a share of higher than the general dynamics.ning to talk about that and sullivan and cromwell partner frank aquila. good to see you. >> great to be here, maria. maria: you're expecting a pretty busy year. >> clearly a busy year. i think it's already been an extremely busy quarter. i think when you see things like what caci did yesterday, jumping and existing via, that is an environment where companies are really looking for opportunities there are not that many opportunities and a lot of spaces. there's going to be a lot of competition for deals and factors and what the tax law, with overseas earnings being repatriated under the tax law, and there's a lot of firepower. interest rates have gone up, but they are still relatively low. there is a lot of coming and no, capital available. i think we will see a lot of deals. dagen: where? tell us where to look other than the obvious places. where do you expect another people are talking about? >> i think we will see deals in a lot of different sectors. clearly banking is the sector we

caci stepping in with $2.2 billion for this tech company, , raisingcompany, caci their fifty-year guidancereal headline is they are coming in after general dynamics and csra had already $.75 share.$40 take a look how they close because they will be moving in the monday session. you had with caci coming in with this new bid, essentially a $44 a share bid, likely to scuttle the offer or tentative agreement that already exists, and it would, if they are successful, scotch what is the biggest acquisition ever by general dynamics which is a company that makes tanks and nuclear submarines. it is 17 times larger than caci in market cap. it is a david and goliath deal for this infotech company which dealing with security, computer security and other issues companies need. also likely to be very much in the news this week is at&t time warner, $85.4 billion deal. the justice department trying to squash the deal. analysts say at&t has the possibility to pull it out. it is one of the biggest , and itt of our time could say how we as americans end up paying a consuming streaming movies. -- and consumin

a couple, caci and saic, they all go by initials because names don't work they're a little below thet government services here this is, you know, this is the other part - >> intelligence services >> things like the cloud and i.t. and you're talking about providing personnel for certain types of services. so whereas some of the defense primes are involved in hardware and sort of these long lead contracts, these are the guys doing stuff that tends to be more profitable more quickly >> but has an intelligence overlay. >> contractors to the defense department and other sort of more security focused agencies bl some of the smaller names have had big runs. caci is up 20%, they want to use the stock in this deal because of that currency i would imagine a lot of others are boxed out of being acquired because of the runp? >> absolutely. you saw this major run-up, overall, even as we have seen a sell-off in aerospace and defense in recent days, you'll still seeing valuations pretty stretched. a lot of people are surprised to see caci jumping in there, and gd is the one who is considered to pot

betty: some breaking news now, that story the two keenan had offering of a caci, $50 a share in cash,.18. shares for csra. this is a bid to scuff or the deal already being put in place , this information technology company, with general dynamics. there were reports about this earlier, but it looks like we have confirmation here. cash.ng $15 per share in the proposal is to buy csra for $44 a share, so that was the overall value of more than $7 billion. their full year ep yes at 1126, 1150. that is above what they had seen before at 1095 to 1119. that is confirmation news on caci, raising their fiscal year guidance and also making that bid for csra. we will follow that story, but in the meantime, back to you. last week was a mega week for equity flows. record $43 million into stock funds. what has driven that, and well that be the same this week? in a sense what is driving this is the valuation reset after the big pullback in february. valuation has come down significantly and there was a certain appetite to get back into the risk markets, and people use that as an equity play, especial

this unfolding at la caci avenue. officers responded to reports of a disturbance before 11:00. officers detained another man during the investigation, but police are releasing few details at this point. >>> we have new video into the newsroom that san jose police want you to see. take a good look there. an armed robbery at a bank in the south bay. do you recognize that guy at all? he held a teller at gunpoint at the wells fargo bank on north first street. the robbery actually happened on december 16th. but police just released the video to us this evening. >>> there is a memorial growing for a vallajo teen hit in a bizarre hit and run crash. the site is where the high school senior was killed yesterday, just turning 18, dreams of going to college and playing sports. there is dramatic surveillance video that shows part of that crash. watch carefully there. you see the suv fly across the street, flip upside down, and hit her as she was walking to a friend's house. they're looking for vincent fritzer, thinking he was involved in the crash. >> i can't believe something like this ha

caci international making a $7.2 billion unsolicited bid to buy cici caci has offered $44 a share in. >>> more stocks to watch this morning, alibaba will invest in e-commerce from lazada group the company is tapping one of its own top executives to run run that business. shares down. hyundai shares slipping this morning. this following a u.s. probe as to why air bags failed to deploy in son nata sedans four people were killed. >>> and we're watching shares of grubhub, from a buy at stiefel not yet much impact on the stock. >>> vladimir putin winning another six-year term in this weekend's russian presidential election that's an outcome that was never seriously in doubt with other candidates garning a fraction of his support. the key number that many are watching was the turnout which may give clues about russia in the next several years joining us now, evelyn farkas, the secretary of defense for russia ukraine and eurasia evelyn, good morning >> good morning. >> he got 7.1% of the vote does that reflect the percentage of the vote that turned out? >> they think the turnout was around

general dynamics 11 times the size of caci. the deals are watching over you. lauren: facing a crisis according to the federal reserve. home construction stuck near a 60 year lows since they started keeping track of this on record. industry joining tighter regulations from the shortage of construction workers and not enough land in parts of the country. managing director of cornell capital joins us now. good morning. >> good morning. lauren: i've lost my communication, just so you guys know i'm not able to hear her. maybe we can put her on hold and go to the next segment probably patch this up. >> hey guys come to kenya here me? lauren: coming up a shocking upset in march madness means free pizza for everybody. tomorrow, maybe the first day of spring. fox senior meteorologist janice dean is tracking a storm that could develop into the next nor'easter budgets tomorrow i think. cheryl: now, it's not. i don't believe that. look at the dow down 136 on the free market. a lot for the fed to look at what may have their big meeting of the big press conference which i'm