ensco's shares fell 5% to $6.36. the company they bought, atwood oceanic, took off. >>> gilead says its hiv drug did well during trials. gilead says it plans to apply for approval in the u.s. as soon as this year. the shares were up a penny. >>> it is no secret that high tech salaries are driving up housing costs in and around silicon valley. those higher costs were also driving out lower paid workers. and as aditi roy reports, it now appears that teachers are getting squeezed. >> reporter: this teacher has a master's degree, a stable job, and an annual salary of $75,000. yet for the past year and a half, she's spent too many days not knowing where she would sleep at night. >> i just have to kind of be able to stay on the move. i kept everything in the bag, because to unpack didn't make sense. >> reporter: she is a math teacher at a san francisco public high school. and she said she can't afford to rent a one-bedroom apartment. she's lived with roommates, then moved into a hostel, and at one point even spent a night

this is ensco buying atwood oceanics.aying this is the beginning of something major but it's made so much sense for the companies to combine because they just, there's too many of them and not enough business to go around. so i thought this was significant from the point of view that atwood's been hanging out there for years and ensco used to be a $50 stock five years ago. these companies need, this is offshore, offshore has been dismal because it costs so much money to drill. keep an eye on this idea maybe the oil service companies are recognizing you know what? it's join or die because these stocks are dying. just dying. >> ensco was 50 bucks not that long ago. >> with a yield, incredible. >> what's tonight? >> talking about the best of the nasdaq, a stock that nobody knows about that is just extraordinary, and we're going back and we're looking at it and you want to watch because it's the one that i think is the leader in this market. and it's not one we talk about and that's wrong. it's because it's so opaque to under

ensco is buying atwood oceanics -- the deal values at which airs at $7.22.o financing conditions for this deal. first data will buy car connect in what the ceo called the payment processor's biggest acquisition since 2004. first data will pay $15 a share, slightly above friday's close. has security eu antitrust approval to take control of telecom italia. of $154 book value million -- without the sale commit vivendi would have had an incentive to raise prices and -- that is your m&a addition of business flash. julia: inflation looks to be coming in china the fed's forecast. fed's forecast. from new york, this is bloomberg. ♪ p.m. in new 3:00 york, 12:00 p.m. in san francisco, and 8:00 him in london. i am julia chatterley. scarlet: and i am scarlet fu. welcome to bloomberg markets. julia: we are live in bloomberg world had in new york over the next hour. here are the top stories we are covering on the bloomberg and around the world. in economics news, the fed might be rethinking its path for rate hikes. looming concerns over inflation and growth could slow dow

that rowing, ensco, all down.d we also have a company offshore that is a drilling contractor, a nordic drilling contractor. they are saying that the drilling range will reach a story close this year, so that weighing on some of these companies that have that international exposure. scarlet? scarlet: thank you, scarlet -- thank you, julie. julia: and the u.s. 10 year breakeven rates stands the most this year after the price -- core consumer price index rose above the forecast in april. is this goodbye to inflation? earlier today, we spoke to charles evans, head of the bank in dublin. here is how he interpreted today's data. charles: i know that the last month, both inflation indicators stepped down unexpectedly. my view has been that i will look through them until i get a better reading as to whether or not it has altered its to factory, as you are suggesting. or if it is just a bit of a pause. i think it will take some time to sort this through. i have been a bit cautious, nervous about inflation. i think it is extremely important that the fed be able to get our inflation data up to ou