reports of the talks between citrix and vista and elliot.uyers the deal was announced this morning $104 a share there was some of hopes it would be far higher. it's not perhaps reflective of the current market for technology stocks, the multiples lower than might have been anticipated. it's interesting from a how it's being constructed. elliot, which is getting bigger and bigger as a player in private equity, even though evergreen is what they call their efforts there but the funds come out of the elliot complex, so to speak they report one performance number but p.e. is obvious becoming an important part of the overall strategy it they did an enormous deal where they sold health care last year one of the biggest deals we've seen a big win for them on that deal. this one we'll see they're buying citrix along with vista. elliot contributing $2 million roughly is what i'm hearing in equity most of it is data, of course. as much as $17.5 million in total debt they're refinancing the total debt at citrix and tipcoe. i'll get to that in a minute

citrix access software that is used to log onto corporate programs.bal news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ ♪ >> can it be selective -- you need to be selective. to drive those earnings, the main lever is going to be pricing power. companies which have the pricing power to overcome inflation will be able to drive those earnings, and they should get rewarded this year. jonathan: brilliant from saira malik as always, nuveen chief investment officer. your markets lower. the nasdaq just about in positive territory, up by 0.04%. over the weekend, here's the story you need to read from sunday. "credit traders like the edge in the new regime. the corporate bond market used to be the early warning signal." lisa says that is no longer the case. lisa: my point being we are all talking about the equity repricing, and people are talking about the slow down featuring into what we are seeing in the equity markets. we're not seeing

dollars, including the assumption of citrix deals.x makes software users used to log onto corporate programs virtually. star podcaster joe rogan has pledged more balance and better research for his shows, seeing as neil young and joni mitchell pulled their music away from spotify last week to protest rogan, who has hosted outspoken crits of the vaccine. spotify will also add content advisories. dependent shift to working at home has stirred blue-collar americans to seek a career change. a new study by the oliver wyman forum found the desire for more work >> ability was a key motivation ashmore work flexibility was a key motivatioa key ashmore work -- more work flexibility was a key motivation. guy: we are expect and boris johnson to speak about the highly anticipated report by sue gray, the civil servant, into a scandal that has been dubbed partygate around the world. we are now awaiting his response, but i think the critical thing so far is that boris johnson is not named in person in this report, which may allow him to wriggle out o

because we take trading as seriously as you do. thinkorswim® by td ameritrade citrix set to be takente in 16.5 billion dollars transition $104 a share looking to merge with another data management software company shares are sinking this morning on that news down nearly 4%, jon. >> yeah. meanwhile, 2021 was a record year for semiconductors. global chip sales jumping 25%. topping half a trillion dollars the first time shortages continue to squeeze the industry but are projected to boost revenue by 9% this year joining us now sanjay mehrotra sanjay, good to see you. now, this is an interesting time we talked about just mentioned the shortages last year. and at the same time, there's legislation that could build capacity here in the u.s why is this moment important for chips? >> it is extremely important because it highlights the importance of semiconductors, jon, in all our economic growth, national security considerations and if you look at, jon, over the course of the last 20 years, overseas governments have really invested and supported bringing semiconductor industry on shore in th

number 7 is citrix i'm not sure what to do with this if they walk away, i have no idea what citrix isn it was down 27% last year these guys used to be the king of business collaborations i loved their product when i was doing radio. now it's become a crowded industry then there's the ninth worth performer. ipg fog photonics. it's a laser company real earnings but at a short fall thanks to weakening chinese sales that crushed the stock now i know that ipg photonics is, therefore, in the dog house but it's very good long term prospects which is why it still sells for 30 times earnings. ipg has the best chance to rebound. i really like it this thing can rebound because it's four times earnings viagra, viatris, whatever. finally, there's fidelity national which is merchant solutions, banking solutions and capital market solutions just like every other fintech this has done nothing wrong other than being a cohort that despise. rally 4.3%, fintech traveler paypal after getting beaten up by the shorts. looks like this is a tax loss bounce to me too many big and small players crowding fidelit

citrix going public.sh that's below the closing priechls shares down 3.5%. we were talking how citrix was a stock and company we used especially during the pandemic because it gives you remote access to your computer. a bit of a lifesaver at times. >>> let's get back to the markets. mike santoli joins us with more. it's the last day of the month and maybe we say good riddance, mike. >> yeah, it would seem so, becky. it's been a tough start to the year there's been a little bit of help coming in at the end of january usually. we we'll see if it plays out. friday, the markets sent the market up by 2.5% in the final hour and a half of trading we spent a lot of time in this zone, down 10% from the record-high. in terms of the cushion, built up a little bit of a margin for error. the lows for the week, a week ago today in the middle of the day, we with were at 4220. so essentially a 5% kind of margin there back to last week's lows to see if those are relevant still pretty oversold and washed out especially on

he can speak to the media citrix joke, but he will not have any multiples to pursue it. so in the middle, in the mo, the longer than usual, the gifted child went to an ordinary school on the outskirts of moscow. of course, he could easily have skipped grades quickly or transferred to school with a gifted program. but his family decided that doctor should stay with regular classes and he will call bush to will just mutual agree with it. he built another and you really to do it on there for you. both one of the directors at the one you just with a was what the and you got your for we might, did you put a regular or when you pull into the phone is really, really in montana we had hoped to see alyssa, attending lectures. she wasn't going to play golf, had constant disputes with the university alyssa's father complained that he couldn't go to lectures with her. she was threatened with expulsion for truancy and they wouldn't give her an individual time table, even though he claims it only took her a month semester, the curriculum for the whole semester now, which now has a pos

allianz is nearing a deal for the software citrix systems. they will pay about $104 per share in a takeover that could be announced as soon today. at that price, the maker of work from home software is valued around $13 billion. walgreens is said to have begun the sales process for its boot international drugstore. it is thought boots could be sold for as much as 7 billion pounds. bain capital and a cbc capital have teamed up on a bid. a listing is also a probability. that is the bloomberg business flash. tom: let's get into the key market drivers with our markets editor and gareth whitcomb, j.p. morgan portfolio manager. let's start with you and the options, the door opened to 50 basis point hike. then you have goldman sachs pricing in five hikes for 2022. where are we in the repricing of a more aggressive fed? reporter: i think we haven't fully passed the 50 basis point idea just yet. this will be the next battleground as far as what markets will be watching for the fed. bostick was pretty punchy in his comments. he is a non-voter, he has b

. >>> and citrix is near agreement to be taken private. management's private equity arm is near a deal to pay $104 a share for the software company or $13 billion and cathie wood is buying more robinhood. purchasing 2.4 million shares friday the firm is a top shareholder. robinhood dropped below $10 a share on friday following disappead disappointing guidance brian. >> silvana, thank you very much. >>> let's get back to the markets and your money would you like to super size that rate hike for just another quarter? over the weekend, atlanta fed president bostic made waves by interviewing with the financial times and saying it is possible that the fed could raise rates half a percent in the march meeting. bostic is calling for the three increases this year starting in march. he adds ever option is on the table an let's bring in mark haefele. mark, it is good to see you. we he need your guidance it has been a rough year so far. we start with with the federal reserve. could they do that raise by half a percent in march? if they did, would it

potentially some deal action for citrix, about to be bought by slightly below where it closed on fridaying down about 3.25 percent. also moving to the downside is robinhood. this stock hit a record low last week. then cathie wood came in to buy a couple million shares. not a lot of people apparently joining in that before the bell. one mover higher is spotify. i am sure you have been paying attention to the saga over the last week or so. a lot of concern about joe rogan's podcast, very popular, not the most accurate when it comes to covid-19 vaccine information. joe rogan apologizing, saying he will try to do better research. that stock up about 120% after wiping $4 billion worth its market cap last week. there's also a number of stocks moving higher on analyst recommendations, one being tesla , getting upgraded with a $1025 price target at credit suisse. dan leavy saying he's hard-pressed to find another stock that checks as many boxes as tesla does. it is up 1.4 percent. netflix getting upgraded at citi. subscriber growth may be slowing, but pricing power is going to be important. it

cheryl: fox business alert citrix on a bloomberg report the elliott management and vista equity partnersre at advanced talks to buy the cloud computing firm i report says the deal could be announced within a few weeks, it is higher by almost 5%, kohl's is moving higher on reports that research back by starwood value is interested in making a bid for the retailer advise businesses in sectors like tech and healthcare the outreach comes at a time when activist investor maccallum advisors is stepping oppressed or on coals to add new board members and sell itself at the stock price does not approve or retail experience kohl's is not more than 5% down more than 3.5%. let's take a look at gap pressure after morgan stanley downgraded to underweight after slashing margin expectations. morgan says estimates have not factored in higher promotion shipping expenses and airfreight headwinds as you can see gap down by more than 6%. and quite base partnering with mastercard to enable purchases of in fts the crypto exchange plans to allow customers using mastercard cards there is quite base it's down alm

here is another name on the move citrix reports its in advanced talks to bay quired by elliott investmentped a month ago on headlines saying that elliott and vista were in the early stages on putting together a 'lst wel ay with that more "techcheck" still ahead stay with us ♪♪ care. it has the power to change the way we see things. ♪♪ it inspires us to go further. ♪♪ it has our back. and goes out of its way to help. ♪♪ when you start with care, you get a different kind of bank. truist. born to care. ♪ >>> welcome back to "techcheck." i'm carl quintawith carl quintah deirdre bosa and jon fortt the nasdaq is close to three month low, peloton, are leading to the backside. microsoft buying activision blizzard. >>> good morning and here is what's happening at this hour. treasury yields surging as investors expect more rate hikes on the federal reserve the two-year note is above 1% for the first time since february 2020. stocks as carl just mentioned down across the board except for the energy sector and the rally in those stocks getting fuelled by rising energy prices. u.s. crude briefly broke

another deal at this hour we need to tell you about, cloud software firm citrix systems is down 3.7% on a report that investment bank elliott management along with vista equity partners are close to combining to buy it for $13 billion, in an all-cash offer. that works out to $104 per share , which would come at a discount to friday's close of 105.55 we're at 101.63 right now tesla getting a charge on this monday, higher after credit suisse upgraded the stock to out perform from neutral. the firm says the tech correction this month has created a buying opportunity. well, yet a better opportunity friday because it's 9.5% more expensive today. other ev stocks riding tesla, lordstown motors,horse group, and lucid up 6%. the russian army maybe on the verge of invading ukraine, but is it already striking a war time posture in cyber space? ready to attack the u.s. in a fox business exclusive, we'll take it up with the ceo of cybersecurity giant trellix, who says one sector in particular better watch out. it appears to be the number one target, with the closing bell ringing in 49 minutes and

stuart: you know, citrix systems it's a software maker. reporter: do you know citrix? stuart: i do.ng back in the 1990s and early part as they say, but i thought they were going to be taken private is that going to happen? reporter: which they are so they confirmed that $16.5 billion buy out by elliott management, vista equity, $104 million a share and it's an opta competitor which you use so it helps you launch securely and it's always interesting when the bid is legs than what wall street expected which is usually the opposite that happens so that's why the stock is down less than 105 i guess wall street had hoped for. stuart: okay how about beyond meat always a favorite company of mine. what on earth is going on up 6% today what's the story? reporter: i wonder why it's one of your favorite stocks, okay so double upgrade rare from barclay s to overweight, from underweight, worth $80 to them, this is a pretty aggressive, you know barclays being said there are more positives than negative s despite the non-meat competition out there including impossible, and they say that beyond's p

equity partners are making a deal for a citrix takeover that could be announced on monday.lued at around $30 billion. goldman sachs ceo's compensation jumped to $35 million. the bank disclosed it, $12 million in cash and the rest in stock rewards. other is double his -- that is double his previous payout after a scandal. walgreens has begun the sales process for its boots international drug unit. it is considering bids. the store could be worth $9.6 billion in the sale. the capital and cdc capital who have teamed up on a bit are considered the early favorites. shery: take a look at the markets rating, we are saying for the relations between gains and losses in the japanese market. we are seeing a gained ground and we are back to paring back gains. there is a lot of uncertainty around the central bank picture. not to mention the intense frustrations in the market. moving a quarter percent after seeing the rally on friday, even then, we had a late day sort and a lot of volatility. the s&p 500 leaked -- sweep out. we are seeing new zealand is down, kiwi stocks are gaining. we

. ♪♪ ♪♪ maria: morning movers citrix systems is down with the software company during a 13 billion-dollaral to go private. stock down. elliott management private equity arm evergreen coast z-uppercase-letter to make the purchase at $104 a chair-- share. also moving this morning beyond meat is better than 4%. kfc expanding their beyond a friend a chicken nationwide. mcdonald's plans to extend its plant -based burger test. barklay raising the stock target price to 80. the stock is up almost 5% right now on beyond meat. futures are mixed as you can see is the dow jones lower, but nasdaq is higher as we head into the last trading day of january, dow industrials down 143 points, as a be down seven and a quarter. nasdaq higher by 53. friday's rally snapped a losing streak for the market. s&p 500 is on pace for the worst month since march, 2020. federal reserve's rate hike to come with rising inflation worries and supply chain issue with another big week for earnings with technology giants leading the way. we also have automakers general motors and ford's reporting later this week as you see the