and now, let's talk about the biggest bond deals in history, and the biggest acquisition of emc.ng, rick san tell areally? >> well sh, it is just what you mentioned. it is oversubscribed by a knock -- oversubscribed by a factor of five. we will explain this all after the break. >> coming up on the halftime report, it isron is buying the stock and he is going to buy the stock to join us exclusively. and jeff bezos will take the stage at the stockholder meeting. >> and the josh brown -- >> many others bu, but he is th one in our hearts. >> yes, thank you, scott. see you soon. >> and dallas is moving closer to completing one of the largest bond deals ever, and how they plan to finance emc. the company launched a $20 billion with yields that are likely to attract investors. the dell deal would be second largest ahead of an hizheuser-a. they are planning to do it by october? >> yes, and it is a foregone conclusion, and what a masterful move by michael dell. think of the way that icon was pressuring it and it did not look like it would happen, and michael dell took this thing privat pr

dell is planning to market a portion of the debt needed to fund a $60 billion acquisition of emc.estors have been on the lookout for a host of acquisitions from dell ever since they got banks to commit financing for the takeover. they will sell an $8 billion term loan offering to institutional investors. clearance regulatory approva and the approval of emc shareholders before they can close the deal. soldxt, kevin mandia wants his company for a billion dollars, and now he is the ceo of the company that bought it. the new chief of fireeye joins us. and, a repeat success for spacex. why this rocket landing marks more than one small step for elon musk. we will explain next. ramy: in this edition of "out of this world," spacex has done a for the second time in a month -- elon musk's commercial space venture has landed a rocket on an ocean platform. the booster touched down after launching a japanese can indication satellite. musk put the chances of a successful landing "maybe even" this time. this was a key test for spacex, which hopes to begin reusing unmanned rockets as early as thi

dell needs to get regulatory clearance and the approval of emc shareholders before they can close theeal. up next, kevin mandia wants sold his security startup for more than and now he is the ceo of $1 billion, the company that bought it. the new chief of fireeye joins us. plus a repeat success for , spacex. why this rocket landing marks more than one small step for elon musk. we will explain next. ♪ ramy: in this edition of "out of this world," spacex has done a for the second time in a month -- elon musk's commercial space venture has landed a rocket on an ocean platform. the booster touched down after launching a japanese can indication satellite. musk put the chances of a successful landing "maybe even" because the rocker -- the rocket will be coming in faster than last time. this was a key test for spacex, which hopes to begin reusing unmanned rockets as early as this summer to lower the cost of each launch. spacex remains the only company to recover a rocket from launch. jeff bezos's blue origin also landed a booster rocket but it , never reached orbit. fireeye shares took a big

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wants to do a deal with emc or some other company. meg: what we have said is that we did not create these two companies to compete with each other. we created these companies to go after new opportunities that only they can pursue. so at least for some period of time we have well-defined swim lanes. so hp inc. will be all over 3-d print. all over immersive reality. we will be focused on converged infrastructure, software defined data center, our services business, helping customers take their i.t. infrastructure from where it is today to where it has to be. so there is plenty of green field space for these companies. that is the reason i do not think it makes sense to eat the other company. we should take share from our competitors. emily: has it been harder than you thought? have you had moments where you thought i do not know if i can do this? meg: so, it is hard. whenever you come into a turnaround -- and i have done a couple of them -- it is always harder than you think. even though i was on the board, you find out things that you

strategy officer who had been sisco 20 years and new chief marketing head of world wld marketing the emc. they are having the chance to build value and work in a great company. >> is part of the reason for the attraction is that there is another exit down the road? what's next? >> typically when you go private, you stay private for a three to five-year window. we were a little unusual in that we actually gave new fresh stock in the company, every single employee 100%, which is not the norm but that was important to me as a silicon valley head quarter to keep that part of the culture going. we're in a year and we may be as close as 24 months from the next ipo already. >> and you've nailed pretty good quarters already. >> yeah. >> made the place look attractive, put on a fresh coat of paint. >> we pivoted and sold the division to pbroe cade. consolidated some product lines. i bought new business, new company in germany where i was yesterday that does software defined networking, we're going to enter the main market of networking directly in the face of sysco with the most -- >> i don't wan

-- agellan, and i will tell you i am not positive, because they are up against the storage and the emcnd dell combination coming up, and the servers up against everybody in the cloud including amazon, and ibm trying to come back at the same time, and i don't know how they do it fwlaushgsz is no piece of the category that is number one. >> well, they had sales in servers in particular that was quite strong which is surprising to people who follow the company, and 7% of actual growth and 10% or more in constant currency. >> you wonder if it is sustainable because of the overall business, and also, the overall sales going to the cloud provideer providers, and google talking about making their own chips and not just the service designs, and you wonder if that revenue is sustainable in the cash flow that is used to fuel new binzs for hp. >> it is true, but jettisoning enterprises is up 1% in constant currency last quarter will have margins that the company left behind. >> it is interesting that they spent all of the money on shares. the tech company saying that we have no form of investment

week dell's underwriters are going to begin marketing a massive deal or series of deals to fund that emcurchase. more than $40 billion of debt will be brought to market over time by the underwriters for dell. and it's interesting because it does shine a spotlight on the robustness right now of debt capital markets in part because of negative yields. we'll get to that in a moment, but to the specifics of dell's debt deal, which at one point had thought to be as much as $50 billion but it will be closer to $40 billion, the investment grade offering and this goes to that insatiable desire of investors out there to find something with the yield, investment grade part of this is now going to go, sources tell me, from as much as $16 billion -- i'm sorry, from $16 billion to as much as $20 billion. the bank term loan a thrks is the term loan syndicated to other banks originally targeted for 10.75 billion also going to likely be upsized. the effect of all that is going to be to significantly reduce the size of dell's needs in the high yield debt market. originally their underwriters have been ta

to back itsg bonds purchase of emc. $16 billion on deck to sell. $80 billion of offers.oing to be a big story in the bond market today and will test the appetite of investors. the second-biggest deal behind anheuser-busch. jon: what about the coupon? lisa: at least 5.9%. jon: if you are not getting a yield on the long and for treasuries, that's is probably why the demand is there. lisa abramowicz will be with me all week. from the team at bloomberg , thank you to all. that does it for us to bloomberg markets continues next on bloomberg tv. ♪ betty: from new york, i'm betty liu. matt: and live from berlin where it is 4:00 p.m., i am matt miller in for mark barton. this is bloomberg markets on bloomberg television. betty: we will take you from new york to amsterdam to london in the next hour. here is what we are watching. home depot raises its forecast for the year, benefiting from a home improvement spree. is this a bright spot for the retail industry after lackluster results from department stores? dutch ipos may be headed for the busiest second quarter since 1999. -

the big story is the incredible demand for all that debt that dell is offering for its purchase of emcday may remember talked about over $40 billion in debt they would potentially upsize the $16 million in investment grade bonds they were offering, that in fact seems to be what is going to happen here. company according to other reports has received more than 80 billion orders from investors. >> are you kidding me? >> 80 billion. again, my report on friday 16 billion may go up, term loan a slated to be 10.75 billion, may go up, all of this having the effect of bringing down how much they're going to borrow in the high yield market originally targeting as much as $9 billion in bonds, but that may come in as low as three. we'll see. and then you've also got a term loan b that may be downsized. all of which is to say the incredible demand for yield out there in the world particularly with negative rates affecting so many different parts of the bond market right now is really in dell's favor. and other companies that are borrowing. their average cost for borrowing is going to be well below

. >> but, you know, dell continuing to do its financing for its emc deal. >> oh, thought you adele --d benefitting from that phenomena as money races here. buyers willing to borrow plenty of money to buy monsanto because they can do so who knows what their borrowing costs will be. they'll say investment grade. >> i think within the market there are incredible moves. i profiled the medical device company, they're incredible. nordson presented incredible last night. we're seeing semiconductor companies really come on because of apple and the iphone 7. the notion this market is boring is a mistake, but the overall dell can't get traction because of the dollar. if you look at how much is dollar based, holy cow, that mcdonald's decline, that's dollar. >> right. i know you were talking about that yesterday on "mad money." >> but in -- within the market there are some incredible things that are happening. and i just think people have to focus on if you take a -- like facebook's been rolling over. it hit a wall. >> another dollar. >> right. amazon did not advance on those two upgrades, so thi

year unfortunately tatum is not settt to appear in the life show butw i'll bet he'll do a couple of emcerly tickets.. he hinted to fans he hasn'td ane totally ruled out the possibility though of shaking his groove thing.s groove t >> show up one time random tollm get the beds out there. the maybe this will be the day he'll be here. >> have you checked out beyonce''s new album let me let made. a lot of folks speculating inng this couple in trouble.e in jay-z is sharing his side of thd story perhaps.erps reports are surfacing the rap te icon is recording songs that t will reveal his version of versi events surrounding the rough patch in his eight year marriagi to the queen. queen beyonce' that she shedthe light on perhaps or maybe it's i just art who are we, we don't -n she's selling records, right? dr people think that maybe she shes light on relationship in her hbo video special lemonade.. the beehive will be bugs.eug jay-z is in it.n >> how genius they are as are entrepreneurs they can putur can normal conversations out therert and force people to pay money tt hear them.hehe >> buzz. >>

. -- citing outperform a lack of catalyst and overhang from the dell emc deal, so up a little bit onnnie: fascinating. thank you. time now for bloomberg's first word news. an egyptian official says there are signs that an explosion brought down that check in the mediterranean. forensic officials tell "the associated press" that human remains as there was a blast on board but they cannot do it caused the blast. "ap" reports but egyptian officials say terrorism is most likely the explanation failure. president obama push back against the and him on the human rights record. obama said he still has concerns over how vietnam treats its citizens. >> the united states does not seek to impose our form of government on vietnam. the rights i speak of i believe are not american value, universal values written into the universal declaration of human rights. into thewritten vietnamese constitution, which states that citizens have the right to freedom of speech, press and have divided accessing information, the right to assembly, vonnie: to association and demonstration. theyresident noted that ba