with cisco's management team.m came tonamics the conclusion that merging with cisco could help accelerate the mission of the company and gain market share much faster. caroline: if it had listed, do you think it would have got to $3.7 billion valuation anytime soon? >> is hard to tell because we did not go public, but the ipo roadshow was very strong. the best data we have is that if we had gone public, it would have been a very strong ipo and would have likely traded up. caroline: i think it is fascinating. you have been on the board of appdynamics. gridlock helped this company grow, it was the first offices provided. they were working in graylock with year when this company was first born in 2008. apart from the pride -- of part in the price tag, do you think cisco was the right way to go? >> every company has to make their own determination whether to continue public or be acquired at some point in their life cycle. cisco is a world-class technology company, a world-class management team, just incredible resour

that was before cisco decided to snatch it up. we will speak with cisco ceo next. episodes of bloomberg technology are live streaming on twitter. weekdays at 5:00 p.m. in new york and 2:00 p.m. in san francisco. this is bloomberg. ♪ caroline: samsung is not the only company with battery issues. hp has recalled over 100,000 lithium-ion batteries and -- used in laptops. this is an expansion of the 41,000 recalled back in june 2016. the consumer product safety commission stated the reason is possible overheating that can just compose "fire and burn -- compose "fire and burn hazards." hp says it will provide free replacements for each eligible battery. cisco is making an acquisition. the world's biggest maker of networking gear is acquiring appdynamics for a cool $3.7 billion. cisco smashed the software maker just before it planned to go public. it was scheduled to go public wednesday in this year's first major u.s. technology ipo. bloomberg daybreak: americas team spoke to ceo chuck robbins earlier on the news. >> yesterday was a great day for us. we had on display tw

the cisco team and the appdynamics team came to the conclusion that merging with cisco could accelerateon of the company and gain market share faster. caroline: do you think it would have got a $3.7 billion valuation anytime soon? >> we did not go public, but the ipo roadshow was very strong. within a couple of days, the offering was completely subscribed. if we had gone public tomorrow, it would have been a very strong ipo and likely traded up. caroline: it is fascinating. you have been on the board of appdynamics, in fact, greylock helped this company grow. they were working with you when this company was first born in 2008. do you think apart from the price tag, cisco is the right way to go rather than listing? >> i think every company has to make their own determination whether they become a public company or are required at some point in the lifecycle. appdynamics is a world-class technology company and world-class reached, so i think cisco can be an excellent home for appdynamics, both in terms of extending reach for the product line, and also in terms of synergy. so combining tha

and cisco swoops in.he ceo told us a $3.7 billion acquisition terminates the first major tech ipo of 2017. first, to our lead, a huge week for tech earnings. at-bat, microsoft, intel, qualcomm all reporting. this at a time when the dow jones was beyond the 20,000 level for the first time. let's kick things off with alphabet reporting on thursday. take a listen. >> you have to take a step back. here is a company that makes massive amounts of money, has massive levels of growth and yet people are finding those little areas. the problem is always expectations. obviously we will talk more about this, but the ad click numbers is clearly a challenge for them. what's good is we are seeing them spend money on some other of these other bets that i think will pay off. in the short term, there is extra money being spent, but i think they have a number of very interesting opportunities. google have to extend alphabet -- alphabet knows they have to extend beyond the advertising business model. these bets are surely go

tech ipo, that was before cisco snapped it up this week. we stick with the cisco c.e.o.n the acquisition later this hour. another possible megadeal as verizon approaches charter about a possible tie up. all the details, ahead. this is bloomberg. ♪ caroline: and now to some big deal news of the week. the verizon c.e.o. has approached liberty media about a possible tie up with charter communications. a verizon-charter combo would create a giant, bolting the combined company to the number one spot of u.s. internet providers. here is some of the background behind this move. a combination of verizon and charter would be a mega merger. and it would not be the first one we have seen recently. like at&t's bid for time warner. now valued at $103 billion, this acquisition made charter the second-largest cable operator in the u.s., just behind comcast. currently verizon is the number , one mobile care and the number two telecommunications provider, but the company has been facing a slowdown in its wireless business. this proposed deal would bring together thousands of miles of capa

and cisco swoops in.he ceo told us a $3.7 billion acquisition terminates the first major tech ipo of 2017. first, to our lead, a huge week for tech earnings. alphabet, microsoft, intel, qualcomm all reporting. this at a time when the dow jones was beyond the 20,000 level for the first time. let's kick things off with alphabet reporting on thursday. our conversation with adam burke . take a listen. >> you have to take a step back. here is a company that makes massive amounts of money, has massive levels of growth and yet people are finding those little areas. the problem is always expectations. obviously we will talk more about this, but the ad click numbers is clearly a challenge for them. what's good is we are seeing them spend money on some other of these other bets that i think will pay off. in the short term, there is extra money being spent, but i think they have a number of very interesting opportunities. google recognizes that they have to extend -- pardon me, they have to extend the on to the -- b

the cisco team and the appdynamics team came to the conclusion that merging with cisco could accelerate of the company and gain market share much, much faster. caroline: do you think it would have got a $3.7 billion valuation anytime soon? >> you know, it is hard to really tell because we did not go public, but the ipo roadshow was very, very strong. within a couple of days, the offering was completely subscribed. that data we have is that we had gone public tomorrow, it would have been a very, very strong ipo and likely traded up. caroline: it is fascinating. you have been on the board of appdynamics, in fact, greylock helped this company grow. it was the first offices that were provided. they were working in greylock with you with the company was first born in 2008. do you think apart from the price tag, cisco is the right way to go rather than listing? >> yeah, you know i think every company has to make their own determination whether they continue as a public company or are required at some point in the lifecycle. i mean, cisco is clearly a world-class technology company and world-c

i mention the cisco. i see the banks catching a bit again and interest rates came back which is important for the thesis. i don't have enough negatives. there are not enough jnjs and verizons to unnerve me. jnj being an example of a company with a tweet, didn't think the quarter was that bad. i thought alex did a great job. verizon was worst in show. kind of textbook worst in show. >> yeah, it was not good. >> it was bad. very suboptimal. >> yeah. the question, i mean, is what that means for the overall industry. >> at the same time you see freeport down but alcoa is the new steel. we have a lot of positive commentary. say international paper. that is a classic life cycle stock that really comes into play right now. say, listen, things are really getting great. boeing backlog makes you feel good about aerospace. even ge did not have a great quarter, but aerospace was good. ge didn't do enough to destroy the thesis and it's making a comeback. ibm being the classic example of a company down five points in t

cisco systems is buying appdynamics for $3.7 billion. appdynamics was gearing up to be the first tech ipo of the year. it was supposed to price tonight with $2 billion. cisco agreeing to pay about $26 a share, well above the price range of $10 to $12 per share. appdynamics makes software to monitor the performance of applications, don't miss chuck robbins on squawk on the street today at 9:00 a.m. >>> alcoa reporting better than fourth quarter revenue thanks to a rise in aluminum prices. alcoa expects 4% growth in global demand even as the market are mains oversupplied. it sees strong demand from china driven by packaging and transportation sectors. the initial gut reaction was lower stock price. it looks like things are moving in the opposite direction. >> the stock is up like 0% year to date. it's been on a huge run. >> good quarter. >> looks like good enough. at least after this split. we don't know what to compare it to. but seems like the street liked it. >>> the gap says the head of banana republic is leaving as the retailer tries

in other news: cisco systems says it has agreed to buy business software company apprnamics for about the deal is another push by cisco which is one of the world's biggest maker of computer networking hardware to expand its software capabilities. legacy technology players like cisco have been trying to shift their strategy to stay ahead of technology developments that could threaten their core businesses. shares in the japanese airbag maker takata surged 18% on wednesday after the troubled firm denied it would enter into a lengthy court mediated restructuring. the company shares reached the maximum daily increase after a week in which they lost more than half their value. the company has been plagued by a massive global recall of its airbags which have seen it pay a $1 billion fine in the united states. rio tinto is selling most of its coal assets in australia to china—backed, yancoal. it's a deal worth up to $2.45 billion, and it is part of the mining giant's divestments designed to boost its bottom line. the agreement is subject to regulatory approval. when you talk japan, you talk

and that is right over cisco. starting out to oakland and when you start to see the reds near concord that is also heavy rain coming down. he noticed the heavy rain will continue from 1 am until 2 am this in the morning on the way through 2 pm on sunday. that is about 12 hours of heavy rain coming down. that is something that we do not the often. sometimes it is 1 to 2 hours and we're talking about 12 hours of heavy rain. i 6:30 am closer to santa rosa. you can see the strong so role through. sympathies go into the south bay zone. the east bay zone between the hours of in a, and not a clock in the morning. if you have plans around that time try to reschedule. or you want to be really careful driving around if you have to be on the roadways. by 11:45 am some of the heaviest in the north bay zone. by 3:00 in the north -- it will taper down. is a go to sunday evening look like later rain showers are expected to continue. because we are going to see 12 hours of heavy rainfall, flash flood watches in effect for most of

meanwhile severs cisco 54 here several cisco also down to san mateo county. most will be in the '60s maybe even a little bit cooler along the immediate coast however although we all have a lot of the on our offshore winds working just yet and perhaps some fifties lingering a little bit we break out some approaching middle '60s a look- alike the wine country and mostly sunny for all locations to accept some high clouds. early part of a week looking good and then showers after sunset concert clear up brigantine for the weekend. >> marty: the governor brown's the cancer can be readily treated with a short bus of radiation therapy there should be no significant side effects and retrieval be taking place late next month the governor's office says he will continue his work schedule while the treatment is going on governor was first diagnosed with early stage is back in 2012. in concord a conference was held discuss those concerns jeff pierce was there. prospect of losing coverage because of a pre-existing condition. >> : 39 years old daddy fought for my life should

cory: if you look at all the big hardware vendors, ibm, cisco --ackard, and cisco is really the only over the the few years, much to annoyance of other companies. they have done so by strong in places -- through the sales of software and security. and a focus on what customers need. they look at cap dynamic -- appdynamic and they saw a company growing very fast. you have something like amazon web services, google cloud, and others that -- businesses are oveributing their apps such a wide variety of networks that finding out how the apps are working is really finding out how customers are using your product and cisco recognized this would be an important part of networking going forward. vonnie: you have sound from the cisco ceo i believe. let's check what he said earlier today. >> there are a few things we looked at that are important to understand. first, they are absolutely the best company in this space. secondly, they are growing twice as fast as the nearest competitor. third, they are growing faster than any publicly traded software company today. david: growing faster than any

is it because they're beating cisco or the sector overall is doing so well? i think it's overall the sector is doing well. >> where is starbucks? >> slow and steady. >> nothing to worry about with starbucks. let's turn to cat, underlying economy. coa when they report, that stock had a major jump. caterpillar, new ceos coming in. these companies have all rolled over. steel stocks, alcoa is rolling over. want to see what caterpillar is ready to say, not that we've been ready to believe them over the last two years. >> environment we're in, etfs, black rock above 400. >> jimmy? >> blackrock, blackstone as well. 5% dividend year. >> twice. >> citi. buy more. >> thanks for being here. >> buy xli. >> whoa, there you go. >> "power lunch" starts right now. >> i'm michelle caruso-cabrera. the dow finally, finally cracks above that 20,000 milestone. since the election day, dow jones industrial average up 9.3%, 1,709-point gain. of course, the question is what's next for your money? more than $1 trillion worth of market advice. that is straight ahead. melissa? >> with 2

with us is the cisco ceo chuck robbins.nd congratulations on the acquisitions. chuck: take you, david. david: take us through this. you are trying to take the company into software and services out of the hardware. but why did this particular company help you do that? so david, yesterday was a great day for us. two greatdisplay lovers of how we drive innovation in our portfolio. in the morning, we launched cisco spark board, which will revolutionize meetings and business. one of the headlines was that it was the coolest product cisco has ever built and then we made the acquisition of app dynamics, which we think is a tremendous synergistic acquisition for us. if you look at it, it is a cloud-based application performance management system, but in reality, what they do is they translate application performance into business insights for the customer and they do it across private cloud and public cloud. we think the synergy of what we see at the infrastructure level and what they see at the application layer actually creates

they had filed to go public and then cisco swooped in.n a playbook that has been used before. cisco being a software buyer is an exciting thing to see. it is great to see strategic buyers back in. will they become petition for us on new transactions? sure they will, but -- it is not a problem for growth folks alike ourselves. caroline: thank you very much. still ahead, tesla topped 40%. what is behind the trump? this is bloomberg. ♪ caroline: tesla has sued the former pilot of its team. they have taken confidential information to try to recruit a dozen former colleagues. they also alleged they had been collaborating with the former head of the google self driving car project. tesla seeking a court order barring him. finally, through much of 2016, elon musk faced scrutiny about whether he can pull off his ambitious goals for the company. but since musk has become an ally and advisor of president trump, things have changed. check out my bloomberg. musk and trump, their friendliness is paying off. 40% to gains it since december 1. that is th

over 16 inches of rain ancef cisco. that is hundred 42 percent of normal. 14 inches in oakland and hundred 41 percent of normal. san jose, hundred 27 percent of normal. checkout santa rosa. over 34 inches of rain, almost 200 percent of normal for the year. very impressive and more to come. looking at scattered showers right now but off the coastline we have even stronger storm system headed our way with potential to bring more flash flooding to the bay area. it is just putting itself together to raise onshore and very strong gusty winds. as we head to the knights, more scattered showers pop up on and off with pockets of thunderstorms roll on by. as we head toward tomorrow, i said showers once again. you may see sunshine and here comes showers. it won't be a washouts tomorrow but as we head towards tomorrow evening, things begin to change. 715 of the first round of rain making its way onshore. than the brunt of the system will come overnights tomorrow, it looks like sunday morning. we expect the possibility of more trash

cisco did a deal this week. chuck robbins on the network. what do we think of juniper after the bell? >> juniper we're always waiting for it to be taken out, for it to be acquired. you just don't know. it's a coin toss. you figured they'd be doing okay because of the optics and so forth. just don't know. it's tough to call. it's not one you buy off the earnings for a quarter. >> ge spite what they say it's not always the tell everybody thinks it is for cisco as well. >> what about vmware? josh. >> this is a hot space. this is one of the better names in the space. i think it has a chart set up looking like a lot of the let's call it mid to large cap tech growth names. i would say this is the type of stock that if you've been following for a long time, you haven't been in it yet, let the company report earnings and if you still want to buy it and it hasn't made too much of a move. but to buy things in front of earnings for the first time it's a very difficult thing to do. this is a name that historically has a lot of volatility around these ea

bob by this time tomorrow we 07 intercepted cisco close to 2 in. in call up so. and then and should have for some francisco. close to 3 1/2 inches in vacaville and pre close to a powerful system that will move through and drop by lot snow higher elevations as well as in effect until thursday at 4:00 a.m.. also expecting strong wind speeds went up conditions blowing snow when does the 45 m.p.h. top of the 24 in. of snowfall for elevations up to 7,000 ft.. more than that for higher elevations for another way. >> death by chiropractor? >> i'm katie may. queen of snap chat. >> the shocking death of a social media superstar after a chiropractic procedure. and ... >> the woman who mistook her baby for a kidney stone. >> who is a big boy? >> no morning sicknessment she never showed. >> then, saving boo-boo. >> you are a lifesaver. >> what every dog owner needs to know before row step onto an elevator. >> and how vulnerable are you at a gas station? she was kidnapped there. he was shot and killed. gas station, danger zone. >> what you need to know to stay safe. >> plus,

bob by this time tomorrow we 07 intercepted cisco close to 2 in. in call up so. and then and should have for some francisco. close to 3 1/2 inches in vacaville and pre close to a powerful system that will move through and drop by lot snow higher elevations as well as in effect until thursday at 4:00 a.m.. also expecting strong wind speeds went up conditions blowing snow when does the 45 m.p.h. top of the 24 in. of snowfall for elevations up to 7,000 ft.. more than that for higher elevations for another way. >> male announcer: coming up next, in this paid presentation from murad, for the first time ever, a million-bottle giveaway of dr. murad's breakthrough intensive age-diffusing serum. so powerful, it's clinically shown to increase skin firmness by up to 42% in just 15 minutes! and keep watching because today, you can get it free. this tv-exclusive offer isn't available anywhere else -- not in stores, not in salons. but today, you can reduce the appearance of wrinkles, visibly tighten and plump your skin, and restore hydration and look as young as you feel for f

. >> reporter: her at the center cisco courthouse. the& judge requested pg &e to pay $3 million in fines. with the additional $3 million in advertising today. federal conviction. was given today. >> reporter: the search continues for jayda jenkins. that drove into the creek on tuesday. so far she continues to remain missing. fisher is the part--the sheriff's department has set up their drones to help and hope make a discovery. however, they did not. there is a mass surge scheduled for saturday morning. they are expecting at least a hundred people. to make another attempt to locate her. >> pam: some much needed sunshine in store for the bay area. and it is alright as close as we get to the weekend. --and >> brittney: here is a closer look at our weekly planner. we are not worried about f o g. 34 the bay and 40's for the an lick location so it will be a close start. temperatures pushing into the mid '50s closer to the bay and by that afternoon we are closer to the '60s for both locations. we are one to see high pressure. >> brittney: to

s cisco one point and seneca sound silly 4.5 inches.'s cisco 1.41 and livermore 1.02. here you can't see the radar coverage over the past 12 hours to the constant stream of moisture moving into the bay area will notice the past few brings things begin to back off but still has scattered rain. you heard about that flash flood warning post for portions of santa clara county's these areas to the west morgan hill to the west and go way, that's a flash flood warning and less until 730 this evening as you look at the radar, thankfully we don't have lots of intense downpours. you can pick out closer to morgan hill, gilroy and more development in scotts valley. it doesn't take a lot of rainfall to cause more problems because you only have significant rainfall early onset. out towards san francisco, living clouds in place. coverage for concord, san ramon and livermore up in the north bay as well closer to petaluma. sonoma county toward ethicality showing more downpours. the upper levels have been rising genetically. napa river at st. helena has crested, should be up 16.8 9 o'cl

i to see this, bit of a break in the rainfall toward cisco. come close to the oakland. more courage to talk about my maclain as well. moving the maps around, seven county, which is in the storm is backing down but we still have intense downpours. we can't go completely dry just yet. toward lakeville and petaluma we still have rain showers to talk about this portion of the region. look at this satellite that this is the classic set up a atmospheric river you see how things light up in the pacific setting up the stormtrack and a jet stream approaching the region. wind speeds backed off a bit but we still have a bit of a breeze with ssl you can see gusting to 41 miles an hour because it is a only seven. outside, we can show you wet roadways. be extra careful. napa river will be cresting later tonight you can't see russian river at the approaching topping flood stage for tomorrow. that will be a concern as the water level crest exceed above the stage. he is a set up for today. as you can see the tuesday talked about the possibility of scattered showers into monday. more or

number ten, that last quarter from cisco was a real downer.nk cisco has to find some way to make it clear that their legacy business isn't hurting them as they transition to more of a cloud-based system. but let's be candid. you buy cisco, which we own for our charitable trust, because it yields a 3.5%. i like that. and has $60 billion in cash overseas that can be repatriated. still, i don't think it can rally even 6% back to its recent high based on either of those two factors. it will take a good quarter first, and that company does report in mid-february. it's ironic but the last two stocks that are more than 10% away from their highs are frankly giving her all she's got. disney and united technologies. they need to rally 13% and 12% respectively to get back to their all time highs. the whole narrative of disney has changed to the point where it seems like a huge mistake to sell given the ceo has created tremendous optionality with espn despite the decline in subscriptions. i think it's what we would call an upstock because of terrific atte

and that has run the region 53 petaluma 53 nevada 54 in separate cisco 56 degrees in some detail 58 in mountain view and 61 degrees in san jose. in world news tonight. five people were killed at a popular mexican resort in playa del carmen. this is new video tonight showing you the moments before the shooting. the shooting happened at an electronic music festival. police say the gunman walked into the club around 2:30 this morning.and opened fire. the five people killed and at least three of them were working security for the music festival. 15 other people were injured.including two americans. mexican officials say the shooting was not an act of terrorism. and they are still looking for the gunman. police in turkey have arrested the man they believe was behind the new year's eve attack in istanbul. on your screen. a selfie of the alleged gunman. 39- people were killed at the reina night club, and police have been on a manhunt for the suspect ever since. the islamic state group has claimed responsibilty. saying, the attack was in retaliation for turkish military operations in northern

cisco, linkedin, tesla. a lot of folks work in tech. but one myth is that it is all tech. it is about 20% tech and you have folks who are nurses and teachers and who work in for county government and who work in the trades and we have unions. it is a very, very diverse community. the tech hub, of course, propels the economy. but there are a lot of issues like anywhere else. people are concerned about the cost of living, they're concerned about the price of housing. they're concerned about the cost of college. and it is a district where you have incredible diversity. >> what legislation are you thinking about that you will do first? where will you act first? >> one area that i care deeply about is reforming the political culture in washington. i ran not accepting peck contributions. one of six members of congress who don't take pac money. i don't take lobbyist money. i think the message in this election was folks are tired of the influence of special interests and i would like to work on seeing if we could get rid of the pac contributions to congress. i also am open to some

are you seeing with the likes of cisco, perhaps the older players are playing catch-up, or will theyp some of these smaller, individual startups? todd mckinnon: everyone realizes the transitions happening in the cloud and how they can transform their organizations in digital companies, how they can build their websites and reach users. it is a tremendous opportunity for every organization to transform themselves into a digital company, reaching new users and grow their market share. they realize cloud technology is at the core of it. because it is a huge transition, all of the vendors, whether it's new or traditional vendors, they are in the game and being aggressive about trying to provide value to customers. we think it is great, because we think there is room for everyone. people like to use a lot of different services. the days of one salesperson selling you everything you need to run your company are over. companies and users have choices to use the best solution to drive their organization forward. caroline: and that is where you , concern about all these different vendors and

this hour we are focusing in on apple, intel, ibm, microsoft, and cisco. the big tech plays and how they should play into your portfolio. and starbucks getting set to release its earnings in about two hours. despite the record rally. starbucks has gone nowhere in the past year. is the coffee king's double-digit growth plan still on track, tyler? >> some of the movers at this hour, caterpillar a bit lower. one of the biggest drags in the dow at this hour. world's biggest construction and equipment maker reporting a mixed quarter and expecting profit for 2017 to be a little bit lower than expected. unilever shares sliding 5%. the consumer goods giant disappointing investors, reporting revenue declines. the company warning of a difficult start to the year. sherwin williams up 8%. a lot of paint there. paint maker comfortably beating on the top and bottom line forecasts. >>> president trump speaking about mexico, trade, and a number of other red hot items. right now john harwood is live at the republicans' retreat in philadelphia with the highlights from that

temperatures in mid 47 cisco 42 and center fell 43 and have a mandate. and a few scattered showers temperatures in the '30's frannie at 40 and concord and tamara we start out with lots of clouds and then you see plenty of sunshine temperatures will stay allowed in the fifties 55 local and 54 in livermore 54 degrees a high in on view and then 54 in san jose. 74 cast shows that once we have a little bit of a weather disturbance moves throughout the saturday in the week and looks like a mid-60s plenty of sunshine like it to dry out and enjoy the weather for change. >> gary: who and terrific at phoenix. brittany's them big places. arizona duane rupp weighed for all three. and then beyond leaders for a start. each go for 20 and the warriors close the miami on a 5 02. and 82 times at will happen. and 122. later in the third it's marlowe one more time natural and gather around a body is a drink. gamble and a three-point somberly brady on the verge of a truly some arguments here. great stuff in houston tx. one guy whose name keeps popping up. one more time georg

just two dozen customers that include nike, nasdaq and cisco. the thing to praise their own ipo. we may see more of these deals as resident trump pressures companies and their money right here in the united states. lauren: watching for that. when apple came out with a wireless airport earphones, the question, what happens if you lose them, the only option was replacing them which costs anywhere from 70 to $160. now you can track them with the apple side my iphone app. the update is apparently pretty accurate pinpointing exactly where the earplugs are even in a close case or not charged. nicole: we are watching for dow 20,000. special members on their banners but cannot watch together. dow futures at 51. s&p futures up five. nasdaq said team. russian businesses reacting to the election of donald trump? >> it's very important to involve people. it's very important to have people who believe the two nations could work well together with each other to be engaged in the reconciliation process. nicole: fox news and a catalog has a special report from moscow. the nor'easter minnesota di

this video was taken on interstate 80 at cisco grove. chains are required at # highway 50. there's restrictions for big rigs and other trucks for bay area drivers they need chains beginning from cisco in plaster county. >> what a difference a couple weeks makes when it comes to the snow. on one side of your screen you can see the video, that's about a week and a half ago. right side, yesterday. wow. mark, you were saying seven feet. >> yeah, that's on january 1. what a difference a few day makes. >> warnings for skiers and snowboarders, considerable dangers issued with natural and human triggered avalanches. >>> a man killed by an avalanche killed near mount rose at reno. he was in a steep area known as the chutes when he triggered an avalanche. he was buried under nine feet of snow. >> according to avalanche accident statistics, there's been four in the united states so far this season. the only one in california is the skier at mount rose. the other states were washington, wyoming and montana. last season there were 30 avalanche related deaths and the season before that t

cisco snapsdynamics. >>> and corporate earnings reports on focus on the street.t's wednesday, january 25, 201. "worldwide exchange" begins right now.

in the neck of time, cisco for $1.7 billion just days before his agile to go public. back in a moment. i realize that ah, that $100k is not exactly a fortune. well, a 103 yeah, 103. well, let me ask you guys. how long did it take you two to save that? a long time. then it's a fortune. well, i'm sure you talk to people all the time who think $100k is just pocket change. right now we're just talking to you. i told you we had a fortune. yes, you did. getting closer to your investment goals starts with a conversation. schedule a complimentary goal planning session today. maria: president trump pushing to drive business back to the united states pending in a tight battle executives at the white house. you must to incentivize companies to manufacture domestically rolling back regulations. >> will make the process much more simple for the auto comp needs and everybody else that wants to do business in the united states. you are going to find this to be from very inhospitable to extremely hospitable. >> we've been very vocal as an industry and a comp me and we've repeatedly s

liz: you got cisco, what fits into the cash cow, that will be animal that moves people's portfolios?irlines right now. they screamed into our product, they would not be normally investor favorites. nobody likes the airlines. liz: they are scary. >> i'm flying 30 years i used to know which flights were empty and which were full and could pick my seat. i haven't beena flight in five years that isn't completely full. passenger up take is growing by 7.6%. if they get the passenger growth, then all of sudden they look like decent play as well. liz: sean will i see tax reform this year? all i heard last year both republicans and democrats wanted it. >> 16 guys got laid to waste not giving this guy credit, president-elect trump. they didn't give him a shot. i may not bet against it. he may not get what he wants but he will get a deal done. we'll see how big of a deal ultimately gets done. that will determine -- liz: will that get us to dow 20,000 we're not seeing it now as we come up against the closing bell. >> perhaps. save, i make a hat like yours. we'll come wear them in together when i

cisco systems is buying software maker appdynamics. had been expected to price tonight and go public tomorrow. so there's an ipo that's been shortchanged. cisco ceo chuck robbins will be talking about the deal when he joins "squawk on the street" at 9:00 a.m. eastern time. >>> and tech strong, the company behind cessna and beach craft, reported quarterly profit of 80 cents a share. that missed expectations by 7 cents. the company also announcing a weaker than expected 2017 outlook. separately, they announced the acquisition of arctic cat for $247 million, or $18.50 a share. >>> dow component boeing is set to report its quarterly numbers at the bottom of the hour. boeing expected to earn $2.35 a share on revenue of about $23 billion. >>> european central bank policymaker -- this is unfair. it's unfair. it's not fair. now they're showing what's in the teleprompter. i knew you were up to no good. you had to be behind this. >> and i've been practicing. sabine lautenschlaeger. >> i knew something was going on over there. here's the thing. i

. >> so, eb dynamics about to go public, was snatched up by cisco for about twice the expected market valuation. i guess that's not a bad thing. but given there's been a couple of months for the concept of a trump presidency and his policies to sink in, how are you feeling as far as tech investment and the environment for not just ipos but companies that have the prospect of going public? >> i'm feeling very good. i think the almost ipo demonstrated there's a pent-up demand for technology ipos, at least from my perspective. and there's a whole long line of other companies, including snap, which is first to come out in march or april, which would make very exciting ipos, both on the consumer side and the enterprise software side. >> when you look at the uncertainty around the global regulatory environment, there have been a lot of issues with the cloud, what governments have access to data, where the data needs to be domiciled. does that affect the types of companies that you look to invest in or how much money they're going to need in order to be successful if they're playing in that

they say that cisco is going -- come on, man, its business is good. that stock's a buy. joseph in florida, joseph. >> caller: booyah, mr. cramer. >> booyah. >> caller: how are you? >> i am doing great. how about you, partner? >> caller: so far, so good. thank you. i want to ask you some questions regarding u.s. steel. there is a lot about the wall in in mexico and also a lot of steel. >> indeed. in the end, i got to default to best of breed, nucor. if you want a steel stock, i have never gone wrong recommending nucor since 1985. you think i'm going to change my stripes now? no. howard in florida, howard. what's going on? >> caller: potash. >> i am a believer in the agriculture complex. if i like deere, and you know i do, then i have to like mosaic and, yes, potash. unbelievable. boy, i tell you. what a little bit of argentinian and brazilian buying can do. how about briton in california, briton. >> caller: big booyah from l.a., jim. >> nice. >> caller: i'm a big fan. >> thank you. >> caller: i bought weyerhaeuser at 29. it's between 30 and 31. should i sell it. >> no, no

the cisco ceo has been buying software to fire up the company's revenue growth.s 2017 first major tech offering. janus capital said fourth-quarter profit fell 34% with lackluster performance. the company saw $300 million in long-term net out lows. they said in october they plan to merge and form a $320 billion asset manager. operating profit missed estimates after labor inikes at home and spending the u.s. increase. south korea's biggest automaker said operating profit fell to $875 million in the three months ending in december. the average analyst estimate compiled by bloomberg was $1.2 billion. sao paulo said it's considering a merger with another bank after three days of reports in the italian press said it was preparing a deal. the merger would reshape italy's financial industry by combining it second-biggest rank and largest insurer. bhp billiton reported second-quarter iron ore 9% as pricesse soared onto mine from china. the world's biggest mining companies that output -- output was 60 million metric times, slightly beating estimates. iron ore hits a two-ye

to nine. >> catherine: a great read over the east bay commuters also causing delays at the severed ciscoport. and also continued a see rainfall continuing. in light rain possible continuing tomorrow as you head out the work and then this is the beginning of a very unsettled weather pattern that will continue to bring us rainfall closer look outside right now because he holds like the roads are. but continued to see again heavy downpours from most of the area a more moderate downpours in the north is known these days on see heavy rainfall coming down monterey that here's where the heaviest rain is right now. patriciate tracy sell the stock and up to fairfield. and the entire area under a flood advisory until 1145 tonight. this affects all of our cities a scene from between a quarter of an inch to a half an inch. the rain has nowhere to go and you notice a lot of street flooding and find yourself in your flooded roadways into yourself around the dog from drive through them. rainfall totals the purple so the pig that's where racism the heaviest rainfall. >> britteny: over a nation higher el

and cisco swoops in. the ceo told us a $3.7 billion

>> it's actually on the home page of cisco's website.goacr2017, you can pick it up there as well. it's a full-blown report. many, many, many pages of detail. >> okay. john, appreciate it. >>> coming up, we have a fresh read on the state of small business in america. that is next. then later, a space start-up call eed moon express is headin to mars. no, kidding. it's moon express, heading to the moon. the ceo will join us. "squawk box" will be right back. e e lilistyl mfully 'trbiic >>> welcome back to "squawk box." new data out on the state of small businesses in america. the paychecks national index increased for the second month in a row. joining us now is the president and ceo of paychecks. good morning to you. >> good morning. >> so marty, the good news is things looking up for the most part. what do you attribute this to? >> well, you're seeing the highest optimism in consumer confidence and small business optimism in over ten years. we're really coming off a high on hopefully how great things are going to be. you saw the legislatio

check, cisco is buying dynamics for $3.7 billion.ck robbins has the software to fire up fiscal revenue growth. scheduled to price its ipo in 2017, the first major tech offering. >> entertainment shares have slumped after it announced plans to buy the maker of talking $1 billion. year it was set to be exploring a sale with goldman sachs. >> the consumer protection agency wants market makers to step up battery safety after the issue with the samsung seven. they cited flawed industry standards. 1.9 million phones were recalled in the u.s.. response rate. they have continued its investigation. yousef: an interesting set of numbers. iron ore rose 9%. let's crossover to perry williams in sydney. give us some of the highlights. this feeds into a lot of the commodity trading. >> yes. it has been a strong quarter. they still derive the bulk of their revenue from iron ore. they beat expectations for the quarter, 60 million tons. that has gone down pretty well with shareholders. shares are up over 3% today. petroleum was down a little bit. inve

for several cisco 23 nevada close to 40 m.p.h. half monday we see will invest upwards of 30 m.p.h. in livermore. this also bring heavy is now more details on that coming up in the next forecast. >> vicki:people out there ringing in the new year in the fresh powder in northstar and colfax. and here in the bay area even some in napa and the south bay. snow also fell today in the south bay. several inches of powder covered the summit of mt hamilton, east of san jose. in fact, enough snow has fallen on the mountain that the only road to the top of the peak remains shutdown this evening. earlier today, we sent kron 4's charles clifford o check out the conditions. right now i'm standing at the summit of mt hamilton and it has been snowing all day. temperatures are in the 30s and there are still big flakes of snow falling even here in the late afternoon. take a look behind me, all the trees here are covered in snow. nats starting early monday, the only road to the summit of mt hamilton, state route 130, was closed because of the snow. along some stretches of 130 several inches of slush co

said it is: the commission part responsible for friday morning police shooting of the suspect san and cisco police stand by the police commission for the commercial marshall has personally in favor of the police commission have the opportunity to approve their use and not been able to do so it will come back before the commission some time soon. >>reporter: still ahead of how to stay safe this weekend as the storm system takes aim of thousands of riders left stranded this morning after a train wreck down on the tracks. >>rob f: of debt and demand slowed thousand trails campground. >>rob f: it would not allow reporters or pan was on site but the bridge is the only way in in the only way out of strain as we see in these pictures the reservoir is fall in the water being released to make way for more losses are relent to the closure the part is offered to pick up the tab for the smooth he also tells us the campground plans to bring in an engineer. >>phillipe d: this is the time to learn a few calories because going to look different this hours from now taking advantage of the freestanding been

cicso's it is a test of appetite can it will be interesting to see if there's any cisco reaction.e: in the meantime, bhp an 18on is that -- at month high. reporterover to our joining us live from sydney. what has driven bhp's performance? it has been another strong quarter. iron ore is their biggest money spinner. they beat expectations, 16 million tons for the quarter. petroleum off a little bit. petroleum and iron ore have been doing the business. shares are responding accordingly. yvonne: it was no surprise, given the rise we have seen. the company is also looking to boost its petroleum investment. yeah, they describe this as sort of a little bit countercyclical. have recovered since last year, but still a way off the highs from a few years ago. they are pumping a lot more money into exploration. they won a big mexico will auction. they are looking to put money into that. another and tobago area. onshore as well. doubling the amount of money they spent the last quarter in terms of onshore shale. that idea we have been hearing that shale is sort of back and in for a booming year

fantastic. >>> a man has experience in >>> from our kpix studios and seven cisco .blo mountain range. moderate rainfall in vallejo 30s and santa rosa. later today, 40s and 50s west winds 10 to 20 miles per hour. heavier rainfall tuesday and wednesday. rate -- break thursday and friday. more rain for the weekend. intercourse that's painful due to menopausal changes. it's not likely to go away on its own. so let's do something about it. premarin vaginal cream can help. it provides estrogens to help rebuild vaginal tissue and make intercourse more comfortable. premarin vaginal cream treats vaginal changes due to menopause and moderate-to-severe painful intercourse caused by these changes. don't use it if you've had unusual vaginal bleeding, breast or uterine cancer, blood clots, liver problems, stroke or heart attack, are allergic to any of its ingredients or think you're pregnant. side effects may include headache, pelvic pain, breast pain, vaginal bleeding and vaginitis. estrogens may increase your chances of getting cancer of the uterus, strokes, blood clots, or dem