to gear. -- cisco gear.hey are getting involved on a hardware and software level, and on the sales level. we are actually going to have an exclusive interview in this hour with the senior vice president and general manner sure -- manager of cisco's division working on this. it is a big deal for both companies. has given ibm something else to sell in the enterprise as well. it looks like this is a deeply woven partnership. scarlet: cory johnson, thank you for that update. tuned for more on this announcement later in the hour. u.s. prosecutors have expanded the investigation of the currency market manipulation by some of the world's largest banks to include the russian ruble and the brazilian royale will stop bloomberg news -- brazilian royale. bloomberg news has just learned with bankswere deals in may to get more information on rigging. among the financial institutions under scrutiny, deutsche bank. scarlet: and analysts who predicted the chinese stock selloff said the route there is not quite over. whethert

yet another challenge for cisco. betty: thank you. cory johnson in san francisco on cisco. signing off. mark: all about the emerging markets given the ramifications in china. china. to circle back to will the international monetary fund snub the yuan? ♪ ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination for all things taylor swift. mark: welcome back to the bloomberg market day. let's go straight to your top headlines at this hour. two of the biggest european banks may pay tens of millions of dollars to settle u.s. investigations into so-called dark pools. credit squeeze in talks with the alleged -- over alleged wrongdoing. t suisse.s wee macy's will look for the discount shopper, opening off-price stores called macy's backstage. we will have macy's backstage a separate company, a separate business. we will all be buying off-price merchandise and taking discontinued merchandise and transferring it to these stores. we are opening six this fall season to compe

plus cisco fresh off its report! "mad money" is next! finally, fast but not least, you thought the markets are scary. well, check out this real-life jaws. a mexican researcher released new footage of a great white shark believed to be the largest ever caught on film. the female shark known as deep blue measures 20-plus feet. snickering in the peanut gallery. and weighs a whopping 5,000 pounds. the video has gone viral with 300,000 views within the first 11 hours after it was posted. apparently deep blue ate a hammerhead and it's swimming around in deep blue's stomach. you can see it like you know -- >> that's not real. >> i'm telling you. >> that looks like it's something out of "jaws" or something. deep blue. >> a hammerhead and -- >> it's in the stomach and it's swimming, trying to be free. the hammerhead in the stomach. >> come on. >> you know that how? i'm just asking. >> i read about it. >> it's on the interweb. >> i saw it with my own eyes. and tomorrow don't forget to tune in to a very special edition of "fast." going out west. in

where does cisco fall? cory: cisco is the king of mna -- m and a.y have been doing it better than anyone in technology. the have done so many big deals and folded those companies and without hiccups we have seen at hewlett-packard, if you look across the spectrum of big hardware and you compare cisco hewlett-packard, oracle hardware, they same -- sell the same kind of stuff. , ibm big hardware slingers down 10%, hewlett-packard down 6%. the results that we just saw showed in the last year cisco has been up 4% in terms of revenue. when everyone else's falling back, hewlett-packard especially, spending billions and acquisitions, cisco is going despite the expenditures. emily: all right. cory johnson, always giving it to us straight. thank you. now to a story we are watching. tindr took to twitter in a 30 tweet rant against vanity fair on the dating apocalypse. tinder took offense and an epic way. our intention was to highlight the statistics that are sometimes left unpublished and in doing so we overreacted but the tweets open up to questions. check s

things that cisco has never seen before.ecifically, companies like apple, face, google and amazon building their own routers, their own tech knowledge ease that are specific focus for exactly what they want to do. cisco making the argument they can do the same kind of thing. the other thing they have got is a really rough for -- rapid growth in the censorship of things. sensors everywhere. whether it is your apple where or whatever, the sensors on wind turbines, all the sensors and ours. this is led to a dramatic increase in internet traffic, and the kind of traffic in measured is very different. cisco with the new opportunity is facing a whole new slew of competitors. private companies, companies back i venture capital have paid this -- play this before but a continual challenge. the way they have paid -- played in the past is big acquisitions, using cisco stop to pay for the acquisition and. whether that is the story of the future, we might find out tonight. matt: john chambers has been there since like 500 a.d. and we all

i've been a fan of cisco.pany has been moving into new high growth areas like the internet of things and cyber security and getting out of the set top box division, in a terrific move, boosts overall margins, company sold over $6 million in july. seems the strategy is working from the get go. going to be a strong quarter right out of the gate. company reported 3% earnings beat. higher than expected revenues. one of the best information technology quarters i've seen this year. let's check in with the new ceo of cisco, hear more about the quarter. mr. roberts, welcome to "mad money." >> hey jim, as john would always tell you, you have to call me chuck. great to be here. >> i will call you chuck, i saw some things in this release that are very different, one thing right out of the gate you gave the guidance in your release making it clear you're bullish about the future of cisco. >> well, jim, i am bullish. first of all we're really pleased with the quarter we just had. record revenues, record non-gap eps, we gre

he also says he believes cisco's best years are ahead of them.ill be hosting a call at 4:30 today. and we'll be back with headlines on that. but, again, the company beating on the top and bottom line, of course, thanks in part to strong revenue growth during the quarter. back to you. >> thank you, mary. john? >> deferred revenue up 21%. i'm doing a little quick math here. bear with me. the midpoint of the revenue guidance is 12.56 billion. the street looking for around 12. 12.6. 2% to 4% up, and the eps is in line. that's pretty solid. gross margin guidance looking pretty good, too. >> christine, put this into context for us. >> yeah, this beat our estimate, we were a cent higher than the street. only about 15% of companies have been able to achieve that this quarter. interesting to hear about their switching and routing business. we knew that was sluggish for a while. just starting to see the recover in the latest quarter. i'd like to see what the guidance is for the second half of the year. they've been investing in cloud computing. you know, e

>> cisco. alibaba that's a tough one for me. i think cisco's been intact for a while.d up side surprises the last couple quarters for cisco. leads to you believe it might happen again. wichb given the choice between the two which is how you started this -- >> because they're going into earnings next week -- >> don't bark at me. zplienl ba zplie >> i'm not barking. >> that was a bark. >> seemed barky to me. >> you're watching cnbc, first in business worldwide. in the meantime here's what's coming up on fast. >> woof. >> what's better than the new "fantastic four" movie? "fast money's" edition of our four fantastic trades. from stocks that are on fire to rock solid trades, we've got you covered on fantastic picks ready to transport your portfolio to new heights. plus, twitter, back to square one. closing in on its ipo price. but is the move so bad it's actually good? all that and more ahead this hour. >>> the new "fantastic four" movie premieres tonight. in honor of the big day we thought our traders give you four fantastic trades. each trade echoing the superpower of on

chuck robbins said he is stepping in at an incredible time for cisco. one in which governments and businesses will be looking to cisco to deliver the solutions they need as they make the move toward digital and he will brace the cloud. in order to do this, they are shedding noncore businesses and said it is committed to looking to help drive the strategy. for "nightly business report." i'm mary thompson. >>> still ahead, a house united? the issue springing together both republicans and democrats. >>> the move by china to devalue the currency has not gone unnoticed by politicians who have long complained that the country manipulates its currency to benefit china's businesses and its economy. and it's not just one side of the aisle that is voicing concerns but both of them. john harwood joins us from the nation's capital. a rare moment of agreement, i suppose. howppas washington reacted to the currency moves? >> you've seen a lot of criticism from the traditional critics of chinese trade practices that this is another attempt to manipulate the value to th

cisco reports after the bell. the ceo hopes to create a leaner company to stay competitive and relevant. all that and much more coming up on the bloomberg "market day." matt: the first bubble gum for in monterey, california, in 1996 openedfirst bubba gump in monterey, california. mpe founding ceo of bubba gu joins us here on set. scott, thanks for coming in. let's talk about how you got started in this. from what i understand, you were kind of a turnaround artist at another company previously and then just decided to take a gamble on starting a restaurant chain. scott: i partner and i were approached by paramount pictures around making a restaurant around "forest gump," and like we told everybody in those days, we thought it was a great idea. matt: but why? it's just one movie. it's kind of old now. how do you get the idea? scott: we thought there was an unforced translation. it made since a restaurant would exist. i cannot tell you how many people came up to me in the restaurant over the years that mean if you ha

cisco shares jumping 4% following an earnings beat. mary thompson has more on the story. >> the network giant delivering solid results thanks to a modest acceleration in growth and sales of switches and reuters. these products had been under pressure from competition from software based products. on the conference call the firm's new ceo struck a confident tone saying he believes he's stepping into the role at an incredible time for the company. >> cisco is a strong position. when i think about our strategy i look at the huge market opportunity that exists as businesses and governments use technology to drive their growth and operational efficiency. >> for the quarter, scisco earnd better than expected 59 cents a share. among the highlights of the quarter, a 21% increase in deferred revenue and strength in it's growing security business. a business that will be a focus going forward as clients are adopting to the firm's subscription based model. as robin sells assets to accelerate the firm's transformation the firm is on the look out f

cops say cisco denied stealing them.ns were hidden around the house after the deal. >> my husband opened up the case and automatically picked up the phone and called the cops. >> over 30 years of law enforcement this is the first time i've heard of anything like this. >> reporter: bristol public safety director says officers tracked cisco down at lower bucks hospital after staff called police because he would not leave. police say he confessed. >> while he was being interviewed he said he was sorry for what he did. >> reporter: the boys understandably up said grandmother still has choice words fort suspect. >> he's a scum bag. he don't go around selling guns to kids. >> reporter: cisco jailed on felony charges of receiving stolen property and delivering a firearm to a minor. lucy? >> all right, thank you dave. >>> quite a site in the sky above burlington county. thick plume of smoke billowing from a burning house in evesham township. it took dozens of firefighters to get the flames under control. tonight much is left ins

and 10 for cisco, 1:00 p.m. in new york and 1:00 a.m. in hong kong.ffects china's currency moves are being felt. international -- it would take 16 months to clear the supply glut. what would that mean for crude prices in the interim? mark: cisco reports quarterly earnings without john chambers at the helm. what to look for as chuck robbins takes over the networking giant. betty: good afternoon, i'm betty liu. mark: i am mark crumpton. thank you for joining us on bloomberg market day. another day, more concerns globally, the ripple effects about china and what the country is doing to its currency, the evaluating -- d valley w

cisco, talk to her after. she needs money. [laughter] but it does raise the point about money out there and how do we get, there's lots more people in the dark about trying to figure this out, and although the actual worksite worksite but in terms of priority but also sometimes there isn't always the money associate with these kinds of projects because they just don't -- they haven't proven themselves yet, right? >> i joined the government only two years ago. before that i was a startup guide. you are absolutely correct. in d.c. there are all kinds of smart people inside and outside of the government. we all talk of silicon valley a lot of times but it's all because there's probably more concentration of engineers and companies that you know of over there. funding issue is not an easy question, whether you're government employed or not. but only thing i see is the reason we talk about silicon valley is, and the recent have a lot more venture capital and d.c. areas it's just number, not quality. more engineers and more entrepre

we'll keep an eye on shares of cisco which beat expectations.he stock was up about 4% in after hours. >> we'll be back here on worldwide exchange in just a couple of minutes. don't go away. >>> death toll from a massive explosion in the chinese port city of tianjin jumps to 44 according to state media. hundreds more are injured as shockwaves from the blast destroy a vast industrial area. >> cisco shares j

betty: ahead, we watched shares of cisco. what kind of value does he see in the food company?hat story is next. ♪ betty: welcome back to bloomberg market day. mark: let's go to julie hyman with a look at the markets right now. julie: i'm going back to news today -- surging in my head is spinning. 6.3 percent versus 9%. the food services company disclosing 7.1% stake in this company. pardon me. intends to have talks on board representation at the company and it believes the company should adopt plans to improve its operating margin and that it has underperformed relative to its potential. a pretty standard playbook here from activist. they have had a very brief discussions and they are not going to speculate on intentions or future actions. take a look at my bloomberg terminal. show very often because it's hard to read but i will try to walk you through it. it shows you the largest shareholders of a given company. it has not yet updated to show the stake. the biggests shareholder with a 6.2% stake. it would be the larger shareholder. a couple of others have a 5.7% stake. that w

cisco shares moving higher in the premarket in response. coming up, we have a chart you ebt.t miss, corporate d ♪ before the break we told you about a chart on how corporate debt is affected by the fed. 2013 fundsfter flowed into sovereigns. they turned into the outflows. for an money is going into emerging market corporate. you wonder if the trend will reverse. joe: with the dollar strengthening there will be concerns about debt service payments. let's get to the top headlines this afternoon. alibaba planning a stock buyback to prop up its share price. the stock traded lower after sales missed targets. the transaction volumes disappointed analysts. alibaba blaming the chinese slowing economy. heinz announced the elimination of jobs in north america, 5% of the combined workforce. the merger was driven by berkshire hathaway and 3-d capital of brazil. scartlet: another one step forward, one step backward in the grease debt crisis. there is a technical agreement on the bailout. germany's government withholding approval of the plan. the payment

apple will work with cisco to make cisco products work better with apple and vice versa for corporate. some interesting stuff. emily: part of apple's big push into enterprise. matt miller, thanks for breaking it down. tech companies like apple are not only moving the markets, but they are also being watched in washington. apple is part of a new public-private partnership with the department of defense to build cutting-edge technology that be used in the military. the defense secretary, ashton carter, has been courting silica and best -- courting silicon valley investors and entrepreneurs. andreessen,h marc cofounder of and recent horowitz. andreessenr of horowitz. marc: the big thing is i think the markets have been trying to adapt to the new economic data coming out of china. the other thing is american companies, and you have covered this extensively, global currencies have moved against american multinationals in the last six months. frankly, i think wall street was slow to adapt to the reality of the dollar versus other currencies. when a big company says we missed our numbers bec

cisco systems beat street forecasts for both profit and revenue. the u.s. market which helped make up for weakness elsewhere. microsoft shares trading higher this morning upgrating the stock to buy. 1% premarket and shake shack under pressure. the hamburger chain's 4 million share offering priced at $60 a share well below the closing price yesterday. >>> talk about a roller coaster ride, a huge swing in the dow. blue chips down nearly 300 points at the lows of the day bounced back to close basically flat. joining us now is a fix ed incoe strategist and the director of global macro for fidelity investments and global assess allocation division. good morning to both of you gentlemen. yuri, i'll start with you. i just want to go to the question about the fed and we'll get to china in a second. i think it matters, are you still a september man, and how is that impacting your thoughts about where things are heading this summer? >> yeah, well, that's the big question, of course. will this latest deflationary way from abroad sway the fed to wait another q

scartlet: we have cisco numbers here.arnings per share beating estimates -- $.59 for the fiscal fourth quarter. the consensus was for $.56. revenue rose 4% which was higher or more than what analysts were looking for. they were anticipating a 2% increase. in terms of the forecast, it is in line with what analysts were 56% -- for on average -- a consensus was what was $.56, anticipated. higher than what analysts had been looking for. $9.82 billion. cisco shares moving higher in the premarket in response. coming up, we have a chart you can't miss on emerging market government and corporate debt. potentially at an inflection point with the fed ready to move. ♪ scarlet: i am scarlet fu. joe: i'm joe weisenthal. before the break we told you about a chart on how corporate debt is affected by the fed. scartlet: after 2013 funds flowed into sovereigns. they eventually turned internet out -- into that outflows. for an money is going into emerging market corporate. you wonder if the trend will reverse. joe: with the dollar strength

cisco in particular.his is a company that spent vast fortunes and acquisitions in recent years, over $10 billion in software acquisitions. software is doing worse. a lot of the investments they made are not only paying off but things are getting worse. they are spending billions to do this. again, the big take away is revenue growth. as the company continues to get smaller across all business units, not just the ones they want to pawn off, it's doing so much worse. pcs down 13% year-over-year. match: as you point out, that is the bad bank. theoretically. matt: who is the good bank competitors? who will compete against them in technology and services? cory: ibm. there are likely going to have some sort of cloud service offering. cisco made some sort of nod in that general direction, having some software and hardware stuff. word, andouple that maybe crawford can help. one of the biggest developments in computing is a company like facebook, apple, google, amazon web services -- they make their own. they go o

republican presidential united in condemning severance cisco another century cities. this is what a scary california firefighters tonight thunderstorms soprano range just lightning. and the video has gone by role in the park man who shot is going to court. full hour of your choice for prime time news. >> pam: 8:00 only kron 4 hundreds of patients at ucsf medical center could be at risk because the hospital did not clean certain medical devices properly. kron 4 outside the hospital tonight with a letter that went out to patients affected. >> reporter: this letter offers nearly 500 patients free blood test for hepatitis b c and hiv because of their risk for possible exposure. chief medical officer answering questions after 471 patients received letters like this one morning they might of been exposed to infection because of a misstep and the committee process of a particular medical device. it's called a consent patient's bladder the manufacturer recommends three step cleaning process. first precluding with detergent second a brush of the inside of the lens of the scope

coming into the city for you today here's a look at yourself for cisco day planner.ng hours will see some gradual clearing between 10 noon today began with a poly cloudy conditions and tell visitors should be in the upper 60s by 2:00 p.m. at the high a pretty nice touch for the city not too bad their chemical data mid-60s by 6 this evening under westerly breeze. tended 20 mi. per hour are now temperatures heading out the door and the 63 much all across the bay 65 livermore 63 in san jose and 60 degrees of our friends and santa rosa. give you all a little bit of light rain for an hour ago and not even a trace how. as for sale look like this will average for and jack livermore have 84 very comfortable this year and got several estates to be that the. 74 oaklands upper 70's redwood city mid-60's in daly city and only october upon country-84 nap but. all light onshore breezes temperature. as will be very comfortable all across the bay. and when we come back you we break down highs for in the south by the. cellulite now wholly tahoe is doing. >> marty: the are lately six

when police say they were approached by 59-year-old reginald cisco, who had a rifle and an air gun. >> this guy offered me two guns for $8, because he asked me, do you like to go hunting? and i said yeah. >> i've lived here all my life! i've never, ever, ever had anything like this happen. >> this is the case. >> the boys took the guns home, hid them but one of their cousins eventually alerted the adults. police later arrested cisco and discovered one of the rifles was stolen from a nearby auto shop. >>> powdered alcohol will not be making its way to store shelves in new york. governor cuomo signed a statewide ban into law today. federal regulators approved the product known as palcahol in march, but cuomo believes it could pose a serious threat to underage drinkers. new york joins 21 other states that have already banned sales. >>> two months after that dramatic prison break upstate, we're learning just how much the big manhunt cost taxpayers. >> we'll have that staggering number coming up. plus this. >>> it's aen unlikely target for thieves, but one man was busted stealing hundreds

ç police say this man, reginald cisco sold a gun to the boys.he boys said he approached them in the parking lot and asked them if they like to hunt. >> he offered me two guns for $8. he said, do you like to go hunting? i said, yeah. >> say this was the case. he stored it like this. >> the boy's cousin alerted adults who called police. investigators quickly discovered the rifle had been stolen from a nearby auto repair shop wednesday morning. cisco remains behind bars. >>> in new castle county, elsmere rejected a proposal would have banned carrying guns in county buildings. the mayor wants elsmere to -- >>> a philadelphia man faces sentencing for a crash that killed his girlfriend. a jury found anthony reeder guilty of driving drunk. in 2012 he flipped his suv in north philadelphia, crashing it into the front porch of a home. reeder claims someone else was driving that night. >>> in gloucester conte, rescue crews freed a driver trapped beneath a tractor-trailer on the new jersey turnpike. here's what it looked like around 9:30. it took firefighte

cisco rema'an behind bars. >>> we're hearing from one of two women rescued from a collapsed row home center city philadelphia. it has a link to the deadly 2013 collapse that killed six people on market street. this collapse recently happened on butler avenue on wednesday. campbell, campbell is the man charged in the salvation army thrift shop collapse on market street that killed six people two years ago. neighbors near this latest property say that they've been complaining about safety issues for some time now. >> kind of been at the same stage for the long time. the wood, the basic outline of the building. it didn't seem like anyone was working on it for a while. >> l & i says the building's owner tried to build a house that was bigger than the city allowed. we tried contacting the owner and we're still waiting to hear back. >>> an update from china, rescue crews found a firefighter in the debris of one of these explosions more than 31 hours after the disaster. that firefighter was still alive and is now in stable condition. amateur video captured the blast at a container warehouse

yes, cisco. she needs money.[laughter] but it does raise the point about money out there and how do we get, there's lots more people in the photo, kind of figured this out, and how do you come to respect what we're taught but in terms of priority but also sometimes there isn't owes them an associate with these kinds of projects because they just, you haven't proven themselves yet, right? >> i joined -- two years ago. before the isaac started, and i worked as a programmer basically the you are correct. in d.c. they're all kinds of smart people inside and outside of the government and i'll talk to silicon valley a lot of time, but it's only because there's probably more concentration of engineers and companies that you know of over there. funding issue is not an easy question regard us with your accountant employed or not. the only thing i see is the reason we talk about silicon valley is, and the reason they have a lot more venture capital in d.c. it is probably because it's just a number, not quality, more engine

. >> pam: journalism stating --an asset for cisco state share their thoughts. coverage on this tragic students at san francisco state. share their reaction >> pam: and we have much more on kron 4 dot com. including details of the gunman's bay >> pam: do you like the passaaadd? it's a good looking car. this is the model rear end event. the model year end sales event. it's year end! it's the rear end event. year end, rear end, check it out. talk about turbocharging my engine. you're gorgeous. what kind of car do you like? new, or many miles on it? get a $1000 volkswagen reward card on select 2015 passat models. or lease a 2015 passat limited edition for $189 a month after a $1000 bonus. >> this just in to the kron 4 newsroom. >> pam: indicted by a grand jury on one count of rape in an intoxicated man, ray macdonald if convicted--if convicted of rape he could serve a maximum of eight years. happening at his home in san jose. >> pam: brooks, 31 years old faces up to six months in jail if he is found guilty also. >> this just in to the kron 4 newsroom. >> pam: recko

cisco remains behind bars. >>> 6:46 now. on to decision 2016.former vice president al gore really be considering another run for the white house? it's unlikely but rumors are flying. there were several reports yesterday that a soft conversation is ongoing about a gore bid in 2016. but other sources close to gore have shot down the idea that he may be pursuing the democratic nomination. you'll remember gore narrowly lost the 2000 election to george w. bush. >>> we're all still waiting to hear if vice president joe biden will run for the top seat. democrats are split when it comes to biden entering the race for the white house. 45% said they want him to run, 47% say no. >>> 6:47. preparing for the pope. church leaders in this area are making sure that everyone has a chance to see pope francis one way or another when he's here. >> in the lehigh valley, the diocese of allentown is working with steelstacks in bethlehem to host a free big screen viewing of the pope's mass on sunday, september 27th. that event starts at noon. the papal mass starts at 4

also may be asking why target cisco?ian sees an opportunity to improve margins, to return more capital to shareholders and as many of you know by now, mr. peltz has a tremendous amount of experience in this industry. in the food business. positions over the years in kraft, wendy's, pepsi, so many others. so this is right in his wheel house. if you look at sysco's performance over the past five years, it's easy to see why trian would see an opportunity here. shares of sysco have underperformed the market. total shareholder return is less than half the s&p in that period. eps is down. there was the failed merger with u.s. foods. blocked by regulators and terminated this past june. that ended up costing the money a good bit of money. sysco paying $300 million to u.s. foods, another $12.5 million to the performance food group and sysco announced a $3 million share buy-back. it's important to remember because of sysco's fiscal calendar, the nominating window closes next week on august 21st. it means there can, there could be

we talk about whether cisco and chuck robbins did a conference call. what's the chinese conference call? >> better than expected, better than expected. who knows. >> it is operation total victory. >> all operations in china are operations total victory. >> you mentioned cisco. adjusted earnings did beat estimate. better software sales have the stock higher in the pre-market. the first quarter, seen by chuck robins who did join jim on mad money. take a listen. >> we are bullish. first of all, we are really pleased with the quarter we just had, record revenues, record nongap eps. we grew our orders by 4%. at the same time, we grew our deferred product revenue by 21%, which is reflective of the transition we are driving in our business. overall, we are incredibly pleased. >> the take on their earnings was relative to all the other earnings we have seen. >> these were sort of boring. >> it was terrific they gave guidance in the press release we didn't have to wade through all the talk about congratulations to this guy and fabulous that guy. john chambers a

cisco, for example, had some very good earnings last week. cisco is down 15% from that high when it reported grade and earnings now you get a 3% -- so for those investors that want to catch up faster >> yeah. >> rather than think all the way long term, you can jump into a company -- >> so to hillary's point in time, james, there's a garage sale right now in decent stobs. are you buying? >> the sectors are housing, financial, and health care, which i think have a nice domestic focus. wells fargo, or home depot or horton. the correlation of stocks are starting to weigh. so you can think what sector is going to out perform in this environment. to chad's point, oil is a huge problem, china's a huge problem. but also the airlines are going to benefit from the lower oil. so winners and losers, it's not the market all goes one way >> do you say the market goes down 5% more? >> i think we're going to find it fairly soon but you say the downside, i think we're nearing it now >> what douse? >> 5 to 10%, i think investors should just balance their portf

cisco was downgraded at morgan stanley. buying zulily for 2.4 billion in cash and stock. the ceo joining us this morning. it's good to have you back. good morning. >> thank you. >> we've been watching this chart for a while. and obviously you're getting a much better price now than you could have before. how long have you had your eye on these guys? >> we certainly have been watching all the success that zulily has had even before they went public. we know mark and daryl. we've known them for a while and have been impressed with what they've done. zulily really is the kwsk of the internet for a younger generation. >> i've got to tell you. i think this is brilliant. everybody is trying to figure out how to capitalize on some sort of online channel. is this liberty interactive's version of omnichannel for kwqv? >> we're trying to meet the needs of our shoppers, women, whether of any age, all the way from the youngest to the oldest, across as many platforms as possible. those who are interested in discovery and experiencing sh

seven cisco unified school district now has her teaching other principals in the area but preparations. "crowbar in case teachers may be locked in their classrooms. flashlight's gloves water lots of medical supplies stop shop cover close your eyes, the back of your head face away from the window and the whole on to the lead of u.s.. >> reporter: applying easy access to the emergency supplies. this year she's investing in several new things. among them specially made nutrition bars. military"rations to the types of buyers come in three sections. provides enough nutrition and each section and of contrition for one day. >> reporter: 4 earthquake never finished one reason she does so many drills every year except have their first drill in the coming weeks. >> pam: obviously earthquakes unpredictable. results not often caught on camera. women halmahera security camera focused on the room where her to poppies were sleeping. reawakening for these. some believe the animals are more sensitive to movements of the earth. aunt seconds before "this is the resulting back of our e reaches into the ma

. >> reporter: of men will be taken back to step for cisco and facing charges of our marine--robbery and assault. in oakland charles clifford, kron 4 news. >> pam: sanchez is charged with killing his individual walking on the pier. joining us live with what prosecutors have presented. emily? >> reporter: to determine if whether there is enough evidence to charge low pass sanchez with murder. there were key points presented separate you will see some from court but would not see any basis. other than the judge because this is a high-profile case with strict orders from the judge of which can show or cannot show. because most of the witnesses in this case our tourist, instead, the state called in investigators to see what they found from interviewing individuals of from three key points that came on of that today for >> reporter: erst, was a picture that was shown what we cannot show it. and picture of a woman with her family in the background. there was a man who they are seeing is lopez, at our and the background and the key point of that is to show that the victim was in the same pl

apple and cisco aiming to encourage sales of ios devices. iphones, ipads to business, cisco plans to devices on corporate networks. looks like apple's ceo, tim cook, be in a statement saying, together with cisco, we believe we can give businesses the tool to maximize the potential of ios and help employees become even more productive using the devices they already love. apple and cisco say they're going to work together to make the iphone an even better business collaboration tool. backdrop brian, we know under tim cook apple has been moving hard and fast into the enterprise, into the workplace. that partnership with ibm to have specific apps from banking to helalth care. we know apple's working with developers who specialize in enterprise related apps. you look at i.t. spending, $3.5 trillion this year. no surprise tim cook wants a bigger piece of that. >> breaking news, josh. again imtake just thinking off the top of my head here. wash blackberry. they've owned that enterprise market for a while. that whole byob device movement has hurt blackberry with everybody using their iphone

and facebook going lower protect, down 2% or 3%, and we have cisco and apple.ven though these companies had a unique partnership to make mobile devices work better with networks using the cisco network, that was greeted with enthusiasm. the bigger picture in the market is the concern about the slowing global growth. stanleyfed vice chair hinting that the rate hike is not off of the table so there are concerns. in terms of direction for the market, a technical analyst says that you should buckle your seat belt because we could go to work from here. need time. what happened last week was reflexive, that is all. it just takes time. the market should decline faster than it we expect, you will make the bottom quicker. of the yeare period where the market is susceptible to market declines, september and october. su: but also means further volatility. vix is open record 135% on the month. quickly with a couple of corporate pieces of moves that broke through, warren buffett's brochure hathaway with a stick -- brochure hathaway with a hathaway waskshire a stake. samsung

my: you are looking at cisco for your trade. get to that price target the people are talking about a $32? that is a premium of 14%. jim: earnings winding down. we think this sets up for survey classic beat and raise. it is worth noting, michael is more cautious longer-term just because data center builds are moving toward fewer buyers. that does not benefit them. in the near term, 14% up for our price target. guide higher for the first quiz school -- fiscal quarter of 2016. we are not that concerned about downside risk. remy: and cisco reports its latest quarter earnings on wednesday, and chuck robbins was just installed as the new ceo so people are wondering what he will be doing. do not go away, much more "bloomberg market day." ♪ pimm: good day. it is not :00 a.m. in san francisco, noon in new york, and midnight in hong kong. betty: welcome to "bloomberg market day." we will look at the strategy behind this deal. pimm: we will hear why alan greenspan sees a bubble in the bond market. betty: attacking a tesla. did just thats a

please advising people to avoid fend 7 cisco boulevard east between shoreline park late irene street officials say the poll could be in danger of toppling on the 583 wait and see this picture here happen shortly before 7 tonight again please say stay clear of this area traffic is expected to be backed up. i have >> pam: tonight residence on the peninsula on edge after armed men stormed into a home and attack a family of five. plus a teacher shortage ♪ ♪ ee-e-e-oh-mum-oh-weh ♪ ♪ hush my darling... ♪ ♪ don't fear my darling... ♪ ♪ the lion sleeps tonight. ♪ [snoring.] ♪ hush my darling... ♪ [snoring.] ♪ don't fear my darling... ♪ ♪ the lion sleeps tonight. ♪ [snoring.] take the roar out of snore. yet another innovation only at a sleep number store. >> reporter: they signed up in response to the latest attack while in accurate they are putting the neighborhood on notice. >> pam: 10 last night police said the suspect poses as a pizza delivery man forces way into a home on tisane drive then two other men followed one armed with a knife and the other with a gun mother of the household scre

apple and cisco are also the -- apple and cisco are also down. is one of them with gains.s because of call of duty. it is up 5.7%. that will be added to the s&p 500 after the close of trading today by the pall corporation. intel is doing well today. that stock is higher by 2.5%. there was a note from jpmorgan whose analysts now with the .ompany the analysts say they are more confident in the company achieving its revenue target productof demands for from accor. -- from that group. mark: thank you so much. matt: i want to bring back up baxalta because it is difficult to understand. they are the target of a $30 billion takeover that they are trying to defend against. one way they will do that is by trying to buy another company, a $2 billion hematology drug company. if you look at their chart, they have done quite well today -- this year. this 3% drop does not look like a big deal. we will be right back. ♪ . ♪ ♪ ♪ get excited for the 1989 world tour with exclusive behind the scenes footage, all of taylor swift's music videos, interviews, and more. xfinity is the destination

erik: cisco beat earnings estimates for the 41st street quarter.uestion how hard analysts are trying. i honestly do. do you get a bonus if you underestimate earnings? why don't they just add 10 or 20% to whatever their best guess is? if you are wrong every time for 10 years, you might need to look for a new position. unless there is some incentive for analysts to lowball earnings , which i can only draw that conclusion from the evidence. there must be some incentive -- erik: juncker paper with the chief financial officer. juncker -- you incur favor with the chief financial officer. the ceo making green from going green. waste management chief coming up. ♪ matt: just released data from the government shows july 2015 was warmer than average and unusually hot and part of the nation -- the warmest year on on record since 1880. more than five degrees above average. extremes,temperature we decided to profile people and companies playing a role in the fight against climate change. changing climate, changing business. we want to welcome david steiner . his

cisco make some sort of not in that general direction and saving some hardware stuff. let me uncoupled at work and maybe crawford can help. one of the biggest development is a company like facebook, apple, google, amazon web services take their own. they buy specialty disk drives and routing equipment. they are buying the circuit boards. they are not buying up data centers. hb has doneoint, some interesting points. they partnered with foxconn to develop a set of servers they can move out a lower margin and they've had some success with that. you are also seeing places like absolute customers on the data center side for hewlett-packard. they are making progress in that area. to that point, a lot of these guys roll their own. hp was able to grow that business in a world where supposedly everyone is going to the cloud. that says people are building out privately as well as and hp is holding their own or able to grow the business in a segment of this growing data center space. it's across the whole board, but i'm actually pleased with that number. cory: roll your own, grow

look at the cisco data. 85% of all the internet data traffic is going to be video.e are still in the early leanings of this process. [indiscernible] emily: why is it taking so long for periscope to take off? guest: they put up some numbers this week that were pretty impressive. emily: hard to judge the numbers. guest: we have done more live streaming the anyone. the industry is growing. live is a different medium. it has a different interactivity and way you watch the videos. it is a different thing but it is equally as powerful. emily: you how i feel. i think it is important. thank you for joining us. in drone news, the pentagon is planning to ramp up drone usage by 50% over the next decade. the move will expand surveillance and intelligence collection in areas including the ukraine, iraq, the south china sea, north africa. the plan expands the united states capability for lethal airstrikes, responsible for 3000 deaths since 2004. next, from trump to hillary, social media platforms may be the stars of the presidential race for the new way they are reaching voters a

three months in those areas 7 cisco peninsula area but the apache thought conditions. 7:00 a.m.ns by noontime gradual clearing up the slight breeze 57 m.p.h.. if temperatures should be and '70s to for inland valley locations '80s by tomorrow morning. allied raid are showing gradual cooling trend of heavy rain in your forecast that all small moister dealing with low pressure system cool things down for us and give us the fog as well closer look at the farm tractor for you buy low and p.m. tonight ec already increasing their and tomorrow morning your morning commute about 6:00 a.m. dark green area indicating a chance of patchy drizzle for areas of san mateo as well. the win moved up pretty much widespread with the fog set retail center as the center fells differences go down the san mateo. these are also low clouds oakland hayward livermore transition. now into noon time and parts of all high close the place sunshine and and and allocations concord livermore they see that oakland hayward will get a be just right around here and off with that pettifog by 10:00 p.m. tuesday and wedn