with michael dell.f course, the man behind this continues to be the majority owner of the dell technologies itself as it will become a public company. all though, in some ways it has been as a result of this tracking stock being out there certainly forced to file financial disclosures and the like it is said, mike, to be simplifying the capital structure of the company to get people some sense here. vmware is declaring a dividend it's a beneficiary of tax reform they had a lot of cash overseas. they are paying at $11 billion dividend $9 billion is going to dell. dell is using that $9 billion for dvnt the tracker that has been dramatically trading at a discount to the underlying value of the vmware. and that's one reason why they wanted to attack it. frankly, they'll benefit from attacking the discount giving some of it to the holders. but taking some of it for themselves another $2 billion in dividends will be paid to the 19% of vmware shareholders out there. >> correct. >> i want to make that clear but

dell gets the benefits of going public with none of the drawbacks, not seeing michael dell going on aoadshow show and convincing investors you should invest in my company. it gives him a tremendous amount of control. it helps simplify the corporate structure because tracking stocks are unusual, they are meant to mirror the value. that.s rid of it has more direct control over vmware and gets to flood on the public market and get evaluation benefits, share benefits, without traditional drawbacks. brad: you call this in your opinion piece, the path of least resistance, why? >> the thinking among the m where shareholders, they want this to remain the same independent, publicly listed entity and they got that. the special dividend that will fund the cash for the tracking stock. they pushed hard for that and were very vocal and wanting vmware to remain an entity they could invest in as a standalone. that, it is not the best outcome for all involved. i think this is more of an intermediary step. it helps them simplify the structure but does not go far enough in my opinion. vmware -- as much

dell founder and ceo michael dell joining "squawk on the street" earlier today.avid, what were some of the bigger takeaways for you foreign policy foreign policy conversation >> the company it in-s to say to simplify the capital structure. conversation >> the company it in-s to say to simplify the capital structure this track stock as you know has been trading at a significant discount to the overall value that it is supposedly tracking it wasn't necessarily thought to have been an effective vehicle take it in, but how could you do that any number of ways including you could have done a reverse merger with the m-ware, done another step to take this out. they chose to go $109 a share you will get cash and dell shares you can see it trading to a discounts to that $109 it will track eventually tack on $38 billion in debt, at least they see having next year, they need to pay that down, it is a sizable, sizable company. and we did ask mr. dell as well sort of what about vmware, is that a company that they own open 81% of but that eventually they will try to buy the re

how does dell fare?n comparison to hpe which is one of the closest companies, dell will probably in the short term -- should it get past the investors and get it done in the fall trade higher and with more momentum that hpe. i think part of that is because of the close integrations with the software makers. also leads the market in so many of these categories when we think about hardware. this.re leveraging i think that when it comes to the public clouds, dell will not see explosive growth. should we see the spending environment cut back a little bit for the hardware vendors dell's stock is going to take a beating. brad: coming up, this e-cigarette is seeking over a million dollars. this is bloomberg. ♪ brad: electronic cigarettes is targetingl labs this market. this funding round with value the company at 15 billion. this is a huge jump for a company that is less than three years old. bloomberg technology reporter joins us now, thank you for joining us. a lot of people probably haven't even heard of jew

the idea is dell gets all of the benefits of going public with none of the drawbacks. are not seeing michael dell on some roadshow convincing investors you should invest in my company. you are also seeing that gives him a tremendous amount of control. in the process it simplifies the corporate structure because tracking stocks is unusual. it was meant to mirror the value of silicon valley the dell has a controlling stake in. so, it gets rid of that and has more control over vmware. it also gets to flood on the public markets and get all of the evaluation benefits, all of the share benefits without traditional drawbacks. brad: brooke, you call this in your opinion piece of pass -- path of least resistance. why? among the vmware shared folders -- shareholders, they wanted to keep this a public investment. hard and were very vocal and wanting the him where to remain an entity that they could invest in as a standalone. as our argue in my piece, winning that is not necessarily the best outcome for all. stupefied --els simplified the structure but does not go far enough to y

i will point out, dell is paying a premium.ou are talking about a premium in discount, and there are some big holders of that stock. elliott is one of them, carl icahn said he is a holder. is this going to be good enough for them? this is something we have to watch. brad: last question, talk about the competitive environment they face. and the big cloud providers like microsoft. as a publicl fare company considering the competition? nico: in comparison to hpe, one of the closest companies, they will probably in the short-term should they get this done, trade and with more momentum that hpe which has been challenged. part of that is because of the close integrations with the software makers. dell, we have to remember, leads the market in so many categories when we think about hardware. andvm they are leveraging ware -- and they are leveraging vm ware as much as possible, which has a lock of credibility amongst companies that once a modern infrastructure when we thinks about i.t.. when it comes to public clouds, dell will not see

does it dell fair as a public company considering the competition?n comparison to hpe, one theye closest companies, will probably, should they get this done, trade higher end with more momentum that hpe which has been challenged. part of that is because of the close integrations with the software makers. we have to remember, leads the market in so many categories when we think about hardware. and they are leveraging the end as much as possible, which has a lock of credibility amongst companies that once a modern infrastructure when we think about i.t.. ,hen it comes to public clouds dell will not see their explosive growth. and should we see the i.t. spending environment cut back a little bit for the hardware vendors, dell's stock will take a beating. that was a bloomberg's nico grant and brooke sutherland. up, this e-cigarette maker is seeking more than a billion dollars. we discuss how they are expanding while traditional tobacco fades. this is bloomberg. ♪ brad: electronic cigarette isrter -- start up juul raising billions. the funding would value

save $200 on this dell laptop at office depot officemax. save $200 on this dell laptop whenshe was pregnant,ter failed, in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privilege. we're the baker's and we're usaa members for life. usaa. get your insurance quote today. you might or joints.hing for your heart... but do you take something for your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave.

dell is a master of some kind of financial innovation.al innovation, engineering, whatever you want to call it, there's a lot of moving pieces that new. it's more a means of consolidating different parts and interest in dell's empire. lessening the complexity and a realization the structure they have was intermediate, it wasn't meant to be a long-term viable structure. what this will do is not necessarily mitigate that. they have to figure out how exactly the deal with that. also tax law changes that are morededucting significant death it's not an answer yet of how they will fall back. it seems to be the best outcome in terms of satisfying vm holders who wants to be independent but in terms of dell, it will be a convoluted structure. just the need to sell the story to investors. prettyhe backdrop is upbeat. a strong first quarter, he is clearly trying to push the company into being a player offering customer software from smaller companies. how is it doing in that push? >> there is not much investor appetite for this that offer all kinds

vmware is a publicly traded subsidiary of dell, and dell is planning to come public again via a veryomplicated transaction. a lot of people worried that vmware would get subsumed in dell investigators didn't want that it deserves to stand on its own. when we found out vmware could keep its pseudo independence, let's call it that, the stock soared higher, even if the company does have to help dell pay for the transaction of $11 billion. all shareholders participating now we don't need to worry than dell connection, you know what we're going to do? we're going to focus on the fabulous fundamentals. i'm just glad the stock has pulled back dlaukcally from recent highs don't take it from me. let's check in with sanjay poonen, the chief oorpting officer. welcome back to madonna. good to see you, sanjay. have a seat. thank you so much we're going put this in context. there is too much much about about the arbitrage and not enough talk what you actually do computing is exploding from every corner of the world. it's inside, outside the office there are challenges everywhere. we've got securit

save $200 on this dell laptop at office depot officemax. in the movies, a lot of times, i tend to play the tough guy. but i wasn't tough enough to quit on my own. not until i tried chantix. chantix, along with support, helps you quit smoking. it reduced my urge to smoke to the point that i could stop. when you try to quit smoking, with or without chantix, you may have nicotine withdrawal symptoms. some people had changes in behavior or thinking, aggression, hostility, agitation, depressed mood, or suicidal thoughts or actions with chantix. serious side effects may include seizures, new or worse heart or blood vessel problems, sleepwalking or allergic and skin reactions which can be life-threatening. stop chantix and get help right away if you have any of these. tell your healthcare provider if you've had depression or other mental health problems. decrease alcohol use while taking chantix. use caution when driving or operating machinery. the most common side effect is nausea. my favorite role so far? being a non-smoker. no question about it

save $200 on this dell laptop at office depot officemax.e $200 on this dell laptop but behr premium stain y can weather any weather. overall #1 rated, weathers it all. find our most advanced formula exclusively at the home depot. booking a flight doesn't have to be expensive. just go to priceline. it's the best place to book a flight a few days before my trip and still save up to 40%. just tap and go... for the best savings on flights, go to priceline. you might or joints.hing for your heart... but do you take something for your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. we really pride ourselves on >> temaking it easy for youass, to get your windshield fixed. >> teacher: let's turn in your science papers. >> tech vo: this teacher always puts her students first. >> student: i did mine on volcanoes. >> teacher: you did?! oh, i can't wait to read it. >> tech vo: so when she had auto glass damage... she chose safe

save $200 on this dell laptop at office depot officemax. save $200 on this dell laptop booking a flight doesn't have to be expensive. just go to priceline. it's the best place to book a flight a few days before my trip and still save up to 40%. just tap and go... for the best savings on flights, go to priceline. it's a high-tech revolution in sleep. the new sleep number 360 smart bed. it intelligently senses your movement and automatically adjusts on each side to keep you both comfortable. and snoring? how smart is that? smarter sleep. to help you lose your dad bod, train for that marathon, and wake up with the patience of a saint. the new sleep number 360 smart bed, from $999. smarter sleep will change your life. you might or joints.hing for your heart... but do you take something for your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. >>> over the past three months, not only has president trump stepped up his twi

but j and dell curry wins which means it's revenge time for dell. steph's happy gilmoring it.ut this. the white shirt probably not going to be so good in lake tahoe. i don't know, though. dell's happy. i know he's probably over there taking pictures. steph delivers. his end of the bargain. jumps into lake tahoe. but he doesn't just jump in and hop right out. no, no, no, that's not how steph curry works. no, he says where are the fans? let's go hop on a boat, climb up to the roof, look away, steve kerr, look away. he will not slip. that's not going to happen in this video. thank goodness for warriors fans. he goes into the water. i was expecting a little bit of a bigger splash. i'm not going to lie. he is living it up. looks like good times out there. >>> let's get you to the world come final action in moscow. france and croatia tied in the 34th minute. france on a corner kick. huge mistake. a hand ball. france gets a penalty kick here. and it's antoine griezmann who nails it. go-ahead goal for the frenchman. we head to the 65th minute. 19-year-old kylian mbappe buries the goal

whyng a deal with dell, activist investors carl icahn and pulsing a might get in the way of what dell breaking the ice. trade tensions between the u.s. and china may be thawing as both nations trying to restart talks. we are one hour away from the close of trading. abigail doolittle is taking a look at how they are shaping up for the month of july. ethical: you are right about that. for the month, look at the the -- look at the gains, the dow leading the way up 4.8% in the month of july. each of the major averages on sinceor their best month january. despite recent volatility that we have seen, it has been a strong month for stocks, similar to what we saw in 2017, with month after month of gains that led to a nearly 20% gain for the s&p 500. this is the nasdaq 100 over the last four days. down, down, and up a little on .he day with major averages up the best day in nearly a week, but over the last four days, still down about 2%. the three down days were the worst since march. digging into the s&p 500, one reason we have some strength, let's happen to the bloomberg and take a look at t

>> breaking news out from computer maker dell. dell is buying out its tracking stock where the cloud software unit vm publicly traded on its own will pay $9 billion dividend it has nearly doubled in value since issued michael dell will be on squawk in the street at 10:00 a.m. eastern time in a cnbc exclusive. meantime, back to the pressure on the futures the eu is planning retaliatory ee owe they sent a written statement to u.s. commerce department outlining plans to respond. the eu could impose as much as $300 billion in tariffs according to the document. president trump wants to wait until after the midterm elections to move forward in a nafta -- canada imposed new retaliatory tariffs in response to the president's tariffs on steel and aluminum canada imposed a tax on 80 u.s. exports, including coffee, beans, ketchup and strawberry jam. u.s. commerce secretary wilbur ross, that's today at 7:00 a.m. eastern time right here on "squawk box. >> tesla, ceo elon musk announced a production milestone for the model 3 sedan. we've all be

dell said it's planning to buy out dvmt. investors of dvmt can swap their shares for dell's class c common stock or take a cash offer. the decision was made to help simplify the company's corporate structu n structure. >>e last five years, a lot has changed. we've transformed the business, become the infrastructure company. ngreally c the profile nature of the company in terms of our caparolities. a set of capabilities. this is about simplifying our capital structure, and exposing the value we've created to sharehold shareholders. >> shares sored by 92% today. >>> tesla produced slightlyth me 5,000 model three vehicles last week, barely topping its own goal for thatweek. the company made 5,031 model 3s's. e automaker says it expects to ramp up 6,000 model 3's per week gust.e end of shares traded lower as analysts questioned whether the company can sustain the oduction rate. axiom is reportedly nearing a deal to sell itsng marke solutions unit for more than $2 billion. reuters said it would ge axiom better access to their dat

the deal announced on monday will give michael dell and his financial partner silver lake greater controlcompany it already controls. tesla's heavily—shorted shares rose as much as 6.4 percent in early trading monday. but after several analysts questioned whether the electric car maker would be able to sustain the model 3 production momentum, shares ended up losing 2.3 percent at the close in new york. that's it for the business briefing this hour up next — newsbriefing. police on the scottish island of bute are attempting to piece together the last movements of a 6—year—old girl whose body was found in woodland yesterday. officers are treating the death of alesha mcphail as unexplained and are keen to speak to any of the islands residents who joined the search after she was reported missing at around 06:30am. 0ur scotland correspondent reports from the island. ales ha alesha mcphail was reported missing on the island of bute early yesterday morning. a few hours later, the six your‘s body would this covered by a member of the public in woodland where police have since been carrying out de

save $200 on this dell laptop at office depot officemax. dell laptop what's the #1 new skincare product in 2018? omg! it's olay. that's crazy! olay regenerist whip. olay whips absorbs faster than the $100, $200, and even $400 cream. i feel like it just melted into my skin better. it's really smooth and it's not heavy. i really really love this. i will 100% swap up my moisturizer. can i have it? olay whips. try whips with spf 25. finally, sun protection that feels light as air. uh, all the cars? at carmax, we buy all the cars. all the cars. old cars? yes. new cars? oh, yeah. sports cars? indeed. a big ol' boat-like car? permission to come aboard! what about a car that's all (makes awkward car noises) hgnnnn-nn-nn-nnnn-ayy-ayyy i don't see why not. what about, let's say... oh, i don't know, a purple van with a painting of a wizard just shooting lightning out of his fingers riding a unicorn sneezing rainbows? definitely. just asking for a friend. yea, i figured. (whispered to camera) wow. because it's the foundation for white teeth. it's impor

investors are pushing back on this idea of being part of dell. they are already part of dell. majority shareholder. the next step is to consolidate and take it manage of this faster growing asset. the environment is not to do this at this time but i have to think that that is the next logical step. the other thing is the tracking stock deal, a lot of people are looking at this as a done deal. they are buying this at a significant discount. some sort of discount is justified but this deep of a discount? david: you can tell us about that when that happens. julia: i'm sure at some point we will understand this. brooke sutherland of bloomberg opinion. thank you. this is bloomberg. ♪ david: steady as she goes. china dictate central bank underscores it will not use the yuan as a tool to deal with trade conflict. this comes after a vow to keep the currency stable. president trump says he is not ready to pull out of the wto, at least not yet. so much money, so little time. the ask your market was stronger in the first half of 2018 then in four years -- 2018 than in four years. what is

save $200 on this dell laptop at office depot officemax. save $200 on this dell laptop your digestive system has billions of bacteria but life can throw them off balance. re-align yourself with align probiotic. and try new align gummies with prebiotics and probiotics to help support digestive health. a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia. you finished preparing overhim for college.rs, in 24 hours, you'll send him off thinking you've done everything for his well-being. but meningitis b progresses quickly and can be fatal, sometimes within 24 hours. while meningitis b is uncommon, about 1 in 10 infected will die. like millions of others, your teen may not be vaccinated against meningitis b. meningitis b strikes quickly. be quic

the company was taken private in 2013 dell founder michael dell outlined the changes that had taken place since taking the firm private >> in the last five years, a lot has changed. we transformed the business, become the essential infrastructure company, changed the profile nature of the company in terms of our capabilities, a broad set of capability the across the data center, software defined everything 85% of our engineers are software you look at our business last quarter, it grew 17% in growth earnings were up strong double digits this was about simplifying our capital structure, and exposing the value that we created to shareholders >>> bitcoin has started the second half of the year in resurgent form rebounding 12% after falling below $6,000 bitcoin is down 50% year-to-date, it's been a dramatic decline from early 2018 levels what has happened here why has everyone almost, broadly speaking, or a big part of the community buying into this fallen out of love with the asset class? >> i think there's a few things weighing on bitcoin's performance since that record high from last year.

the remainder will be in new dell shares. and that is how they're going to go public.atter over the last day, will shareholders vote against this deal? will you get a large institution? that gets into the shares and does something to try to stir things up or get a higher price? unclear whether that's happened. probably unlikely. one key point to make sheehere, under the provisions of the tracking stock, if you were to vote it down, dell could still go public, perhaps through a relatively small ipo, and they have the right to buy in the tracker year one at a 20% premium. year two at a 15% premium. year 3 at only 10% premium, with their shares so, they've got that in their favor, given the 29% premium they're offering for this. it would seem in the future, it might be less if you don't like this price michael dell, yesterday, seemed to struggle a bit when we asked him, why you doing this? one key reason may simply be that that spread between what that tracker is worth and where they're offering, though, is large enough for dell to benefit itself by capturing some of it,

what's your take overall on dell coming back to the public markets. >> i think it's great.nk it's $100 billion enterprise value company returning to the markets i think it's a good deal for shareholders for a couple of reasons. i think that they are not -- they haven't fully taken into account the extent to which dell is performing really really well, revenues up 17% and number two, michael dell holds all of the cards here and he chose the most shareholder friendly option to effectively kind of merge with the tracker stock the tracker stock is trading higher than it was preannouncement. they are getting not only cash but getting to own -- >> about 20% if all gets used up they were also picking up up almost $13 billion in value critics would say that's on the floor there basically, the difference between where the tracker is right now and where vm ware is. >> he's sharing that with shareholders -- >> 20% of the overall. >> look at the alternatives. >> the alternative is they go public and buy at a 20% premium. >> without a vote -- >> or choose any time they want to do it. >>

vonnie: dell, the data storage giant is going public again.y announced the $21.7 billion deal today after a five-year stop as a private company p are will remain the ceo and chairman. , a greatith more opinion piece is out on this today p or going into too many details, explain what is happening because it is soaring today. >> details are nitty-gritty and complicated. they are soaring because they are not part of the deal. they will stay independent and it will be a publicly traded entity. is really what shareholders are looking for out of the transaction. there is some concern than -- that wouldelt like, be taking away from the valuation. is faster growing, the spot where you want to be with software and tech knowledge he. once you lump that in with slower growth technology ventures, it is just not as attractive a proposition. >> the terms of the deal are complicated but at least simplify the structure? >> it will help somewhat. it does eliminate tracking stocks. it goes from three entities to two. i really view this as intermediary. you stil

save $200 on this dell laptop at office depot officemax.e $200 on this dell laptop real energy, harnessed from the earth. nature valley. with advil liqui-gels, what bad shoulder? what headache? advil is relief that's fast strength that lasts you'll ask... what pain? with advil liqui-gels i thought i neededgled cigarettes to cope. i was able to quit smoking, and then i started running. now i feel a lot better. (announcer) you can quit. for free help, call 1-800-quit-now. but allstate helps you. with drivewise. feedback that helps you drive safer. and that can lower your cost now that you know the truth... are you in good hands? your to-do list is crazy. which is why the online finance application at carmax.com is so convenient. get some of that finance stuff done from wherever you are, like at the doctor, karate or... back at the doctor. ha ha ha, yay kids! ♪ ♪ metastatic breast cancer is trying to stop me, but not today. today, there's a new treatment for women like me who won't be held back. learn more at treatmbc.com. within the last few

michael dell said "i don't want it scrutiny."of the reason is there was needed to be done to that company. >> has he got it done, is that what this said. i don't have that scrutiny i can do the tough things and it value, is it ore declaring victory and saying it's fixed. wayt feels that it's on the to being fixed. a question here is what relationship the be. >> there was speculation earlier n the year saying they may put the companies together. sounds like, depending on who you listen to. much reporting over the weekend na that may happen. for the moment they say it's not going to. the details of this i will not try to get into. enough to make ein an investment. >> high water. there's a private equity with silver lake. history of accepting deal making. it is a classic example. a good point. silver lake gets a lot of kudos for the deal. obviously they are in a position to make a lot of money if it michael n the way that bell wants it. julia: football, soccer. mean.: i know what you julia: thank you. david: i watched it. ulia: ther

save $200 on this dell laptop at office depot officemax. you wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves your worst symptoms, including nasal congestion, which most pills don't. it helps block six key inflammatory substances. most pills block one. flonase sensimist. ugh we're gonna be late, we're gonna be late! hold on, don't worry, there's another way [siri: *beep beepá] directions to the greek theater. ♪ can i get a connection? can i get can i get a connection? ♪ ♪ i can see it in my, see it in my reflection. ♪ ♪ ohhh can i get a connection? ♪ tryna find the old me you might or joints.hing for your heart... but do you take something for your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. >>> welcome back. more than 14 months into the special counsel investigation, president trump has decided to go aggressively after robert mueller for what

save $200 on this dell laptop at office depot officemax. wouldn't accept an incomplete job from any one else. why accept it from your allergy pills? flonase sensimist relieves your worst symptoms, including nasal congestion, which most pills don't. it helps block six key inflammatory substances. most pills block one. flonase sensimist. but allstate actually helps you drive safely... with drivewise. it lets you know when you go too fast... ...and brake too hard. with feedback to help you drive safer. giving you the power to actually lower your cost. unfortunately, it can't do anything about that. now that you know the truth... are you in good hands? >>> we are following news on the one, two punches of president trump and his lawyer, rudy guiliani. the targets are clear, their strategy is more confusing, especially after the latest round of tweets by mr. trump and interviews by rudy guiliani. let's bring in our analysts and correspondents. kaitlin collins, you're with us over the past 48 hours. we've seen the president and his supporters esca

save $200 on this dell laptop at office depot officemax.e you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> welcome back. let's turn to business. futures dip sunday ahead of a big week more than 400 s&p 500 companies reporting their upcoming earnings. we are joined live from london. good morning. >> good morning, louis. this comes on the heels of a slightly weaker equity despite the strong gdp report and all declines were led by the tech sector. weak earnings twitter and facebook was in the news. this week the focus will be on apple. their reporting tomorrow. we get a report from a third of the s&p 500 companies. we have the fed to watch out for on wednesday. not expected to hike, we want to watch out for language on trade and tariffs. elsewhere in company news, i want to point

. ♪ >> dell has announced plans to trade publicly again. the deal, dell will be buying out dvmt trading stocks, reflecting a big deal. >> you were definitely not the only one who didn't understand the deal. this was very convoluted. surprisingly, it does simplify their structure. but like you said, what they are doing is they are buying the tracking stock, dd mt -- dvmt, for vmware. they are not buying vmware, which a lot of people expected them to do as part of this process. i don't see how this full buyout of the tracking stocks really solves dell's problems. they were looking at this because they had the pesky debt load from their buyout with silver lake. this doesn't necessarily solve that. the benefit of doing these series of transactions was to take advantage of vmware's balance sheets, and they are not doing that. >> out with the initial results for the second quarter. a little bit short of the bar. tell us what you think could have been behind this slight earnings miss. >> as management warned back in april when they had a call for

save $200 on this dell laptop at office depot officemax. a hotel can make or break a trip. and at expedia, we don't think you should be rushed into booking one. that's why we created expedia's add-on advantage. now after booking your flight, you unlock discounts on select hotels right until the day you leave. ♪ add-on advantage. discounted hotel rates when you add on to your trip. only when you book with expedia. >> welcome back, armed undercover air marshals could be following you and you wouldn't know. jillian: reportedly being watched like terrorists in airports nationwide. quiet skies collect extensive data for tsa and has critics question if it's constitutional. >> our next guest says it's completely legal, special operation intel analysts joining us now to explain, brett, good morning to you. >> good morning to you both. >> can you explain in-depth as to how this works? >> absolutely. whole intent of tsa the quiet sky's program is to quietly monitor u.s. passengers and report on some of their in-flight, characteristics seen as suspici

save $200 on this dell laptop at office depot officemax. ice is claiming responsibility for deadly attack the two americans cyclists dead, something more devastating and bitter is coming. the interior minister, 7 bikers were hit by a car, then attacked with knives and guns south of the comparable. the american victims have not been identified. jillian: a marine veteran tragically killed in a car crash, white and newborn baby in the hospital. nikki romero slammed head on into kevin's car during a chase. rivera who was also killed how long criminal history. he served two towards in afghanistan and was supposed to take his wife and child home from the hospital hours after the crash. a go fund me page raising money for the family. democratic senator joe manchin requesting a second meeting with brett kavanaugh, a key supreme court swing voters still undecided. >> rand paul has support behind the supreme court nominee. i the democrats fighting a losing battle? here to weigh in his chief counsel and policy director at the judicial crisis network.

save $200 on this dell laptop at office depot officemax.e $200 on this dell laptop but how do i know if i'm i'm getting a good deal? i tell truecar my zip and which car i want and truecar shows the range of prices people in my area actually paid for the same car so i know if i'm getting a great price. this is how car buying was always meant to be. this is truecar. your mornings were made for better things than psoriatic arthritis. as you and your rheumatologist consider treatments, ask if xeljanz xr is right for you. xeljanz xr is a once-daily pill for psoriatic arthritis. taken with methotrexate or similar medicines, it can reduce joint pain, swelling, and significantly improve physical function. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma, and other cancers have happened. don't start xeljanz xr if you have an infection. tears in the stomach or intestines, low blood cell counts, and higher liver tests and cholesterol levels have happened. your doctor should pe

dell casillo is live to explain. >> reporter: if you're one of the thousands expected to pack discovery meadow tonight, we have some good news, there will be no flights impacting your fireworks show. that's because the san jose airport will briefly shut down its two runways between 9:30 and 10:00 tonight. that means for the first time no airplanes will be taking off or landing in the half-hour of the show. an airport spokeswoman says it was decided this was the right course of action after the faa raised safety concerns. we're told this small shutdown will likely impact three commercial flights, taxis and terminals will remain open. >>> minimal impact. it's important for us to be able to offer this to our community and under the leadership of our mayor we're really pleased that this is the case and that everybody can enjoy the fireworks safely. and enjoy a community event. >> reporter: and one thing many don't enjoy, though, street and highway closures. now, for those in san jose, there are quite a few. including highway 87. parts of the highway, i should say. closures will happen on no

save $200 on this dell laptop at office depot officemax. and it's also a story mail aabout people save $200 on this dell laptop and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you uhp. i didn't believe it. again. ♪ ooh, baby, do you know what that's worth? ♪ i want to believe it. [ claps hands ] ♪ ooh i'm not hearing the confidence. okay, hold the name your price tool. power of options based on your budget! and! ♪ we'll make heaven a place on earth ♪ yeah! oh, my angels! ♪ ooh, heaven is a place on earth ♪ [ sobs quietly ] ♪ ooh, heaven is a place on earth ♪ booking a flight doesn't have to be expensive. just go to priceline. it's the best place to book a flight a few days before my trip and still save up to 40%. just tap and go... for the best savings on flights, go to priceline. ♪ it's so hard to believe ♪ but it's all coming back me. ♪ baby, baby, baby. all you can eat is back, baby. applebee's. >> of c

abc 7 news reporter amanda dell kasillo has the details. >>> it measures more than 18 feet from ground12 foot height limit for accessory structures, two words describing gazebos, fences or any small structure one might build in their own backyard, not specified in the city's municipal code, though, tree houses. >> when the neighbor complained about the size of the tree house and that it was overlooking their yard, our code enforcement staff applied accessory structure rules to that tree house. >> that's the root of the problem. they tell us and our partners, he was only informed about any code violations after the tree house was completed. >> it's a house kids burella lives a few doors down. she pointed to the tree house her kids built more than 20 years ago. time with her kids flew by, and eparinto acodes. ine spending it >> kids don't play in tree houses forever. they're not children forever. i think we need to respect that. >> simon lancaster tells me the date for his appeal hasn't been set yet. he didn't want to speak on camera until that happens. the city tells me they are looking

. >>> the other individual stock stories include dell sources say the company is near a deal to becomelic again. it plans to announce as soon as today it will buy a tracking stock that mirrors the performance of the m ware, dell's cloud software unit that will pay a 9 billioned divide dividend there's a tracking stock that's little known, dell will effectively buy that stock as a did he facto, if you will. ipo or reverse merger with itself 5:12 in the morning. have another cup of coffee. >>> meantime, interpublic is reportedly close to a deal to by action i don't know marketing solutions unit for about $2 billion. ax i don't mean may explore sale of the deal. >>> nissan scrapped the sale of battery business to gsr capital after the chinese investment firm was unable to pay for the unit nissan's electric car battery operations include factories in japan, tennessee and the uk. >>> all right. as we note it's 5:13. we're getting started here worldwide exchange on deck ab extreme leftist won the mexico presidential election we'll tell you why washington and you need to take notice. >>> lebr

his dad -- dell curry -- finished in 30th place with 32 points.to pay up... by taking a swim. ( terisa ) coming up next ... a whale struggles in ocean waters ... during a dangerous rescue attempt. we have the new video this morning. to emerge your best every day, you need to power your wellness. new emergen-c probiotics plus. purposeful probiotics to help boost your microbiome, plus vitamin c to support your natural immune defenses. new emergen-c probiotics plus. emerge and see. before discovering nexium 24hr to treat her frequent heartburn, lucy could only imagine enjoying a slice of pizza. now it's as easy as pie. nexium 24hr stops acid before it starts for all-day, all-night protection. can you imagine 24 hours without heartburn? ( darya ) a successful rescue operation off the coast of austrialia a whale was set free this morning after it became stuck in shark nets. you can see the whale was in distresss before the rescue teams got near.it didn't take them long to cut the nets and free the whale. ( terisa ) coming up in the morning news... the

. >>> and later on after five years the private company computer giant dell. i never thought i'd say this... ...but i found bladder leak underwear... ...that's actually pretty. always discreet boutique. hidden inside... ...is a super absorbent core that quickly turns liquid to gel. [snap!] so i feel protected... ...and pretty. always discreet boutique. >>> welcome back to "the closing bell," as we head into the final half-hour of trade, let's check in with some of the individual market movers today. nordstrom is one falling down on a downgrade to market perform. cowen, also expressed some under performance of its outlet. >> i know you're big in the consumer space is there concern when you look at -- are you cannibalizing yourself at all? is nordstrom cannibalizing it's higher margin higher profit sales by having the off rack i wonder if we're going to get to that discussion >> maybe or just broadening out its consumer base, getting prices at a discount i think it's a good point, and that is at what cost to the overall retailer in terms of spending your resourc

dell went private five years ago after initially going public back in 1988.hael dell wants vmware to remain an independent, public company. >>> casino stocks taking a tumble after macaw gaming revenue fell short while revenue did increase by 12.5% year-over-year, analysts had expected a rise of 17-21%, so that was a miss. shares of wynn, mgm and las vegas sands all down, wynn resorts down 8.5%, and mgm also down more than 3%. >>> well, he may not be back from his italian vacation just yet, but charlie gasparino has sent us the latest in the bidding wars sister fox business' parent -- for fox business' parent company. according to gasparino, disney bankers are growing increasingly confident that comcast not issue a bid for all of 2 21st century fox due to concern over shareholder leverage and price the d. of justice has already ruled in favor of disney's bid. we will bring you any updates on this story as they happen. >>> now to the white house. the pro-business president being challenged directly by america's largest business group. the u.s. chamber of commer

save $200 on this dell laptop at office depot officemax.ave $200 on this dell laptop you need a higher standardigher standard of craftsman.hip, see for yourself at the lexus golden opportunity sales event. lease the 2018 es 350 for $329 a month for 36 months. experience amazing at your lexus dealer. are you ready to take your then you need xfinity xfi.? a more powerful way to stay connected. it gives you super fast speeds for all your devices, provides the most wifi coverage for your home, and lets you control your network with the xfi app. it's the ultimate wifi experience. xfinity xfi, simple, easy, awesome. >>> joining me live is congressman adam schiff, ranking member of the house intelligence committee, which has been quite busy today with face book's revelation on new attacks with the midterm elections, thanks for being with me tonight. >> good to be with you. >> people who are following this news as it breaks, or may have heard at the top of the show, two qualified experts disagree on the level of intensity, what does this new revela

twelve years and now he's going to step aside by the end of september and he's going to be replaced by dell of david solomon who is with the company since one thousand nine hundred ninety nine by the way he's also known part time to that he likes to function as a d.j. so we will see if the employees of goldman really like his. well he is known that he might be might go some bold steps he is not necessarily loved goldman but he is highly respected and it might not necessarily be important to be loved by your employees as long as they respect yours so overall the choice was to be expected so he will take over or first on top of it goldman also had their quarterly numbers that came in better than expected still the stock of goldman traded slightly to the downside a solomon the part time a d.j. that's how we can find the right mix for goldman sachs thank you very much yes quarter of wall street. china is taking measures to diversify its sources of soybean imports to buffer the effects of trade tensions with the u.s. now make no mistake this being is a big deal the u.s. normally exports a massiv

dell was caught by people shifts away from laptops to tablets, and went private in 2013. then it's worked to strengthen its financials. >> it's hard to find cds these days and another retailer is cutting back? >> reporter: yes. soon you won't see cds on best buy shelves anymore. they are denying they have stopped all sales and say reports of the stoppage are premature. but cd sales were down 18% last year. they will continue to sell vinyl for two years. >> it's a lot easier to download it. i don't remember the last time i bought a cd. >> reporter: exactly, i don't remember the last time i bought one. >> diane king hall, thank you. >>> time now 5:38. many tourists say they don't feel safe walking san francisco streets and now a major convention is pulling out of town. >> but first, a bay area restaurant moved out and the rvs moved in. the heated debate over how to handle this community of campers. >> reporter: and do you have a fireworks show planned for tomorrow? health officials and bay area air quality officials say it could be bad for your health and the air. more comi

s brock's of a coach not the pound dell more than half a percentage point against the euro european stock market reaction have a remained. british. while called steam just a friendly place for breakfast it may live last week the prospect of a soft drags if in the u.k. maintaining close trading ties to the e.u. seem to meet the demands for more clarity from businesses among the arabs but those plans seeking to inflict minimal academic damage can stay on the table is very much up in the air again. trump wants europe to buy more american made cars and that's why he wants to ten percent terrorists for importing passenger vehicles into the european union to be scrapped that if thing is dropping the purchase price alone is probably not you know off to get europeans there are a whole lot of hidden harlow's before you can get yourself in the driving seat when american car these cars have just arrived from the us but before they can clear customs and bring them there brake fluid needs to be removed it's considered toxic waste in the. taking the liquid out costs two hundred euros per car and it's n