hp is interested in other options that might include -- taking a look quickly at how hewlett-packard'sces have performed, there has been some uptick in price. was interested, they have now confirmed through their rejection a $22 a share deal. they said that did not correctly valued the company but they are open to further talks. fundamental questions needing to be addressed is what they say they want to explore and one of those is xerox's revenue decline there was a significant dip in the trajectory of future business and profits. they are interested in taking a look at xerox's books if they can do so and they will engage to better understand the business and what might be a .aluable combination >> karl aiken has been pushing for a union between these -- carl icahn has been pushing for a union between these two companies. >> he owns pieces of both. carl icahn of course is a billionaire activist who often boards.olved in in this case, he had a known stake in xerox, about a 10.6% stake, he also had increased his , and in hewlett-packard that was revealed in the filings last week. again,

lining up for a merger make a xerox has made an offer to take over a computer imprint to make a hewlett packard at h.p. confirm the companies have held talks about a potential tie up in the past both face difficulties as the demand for printed documents sitting have waned. has canceled hundreds of flights today and tomorrow after cabin crew launched a 2 day strike u.f.o. trade union is demanding higher pay along with better access to regular employment as the sort of workers the alliances the costs of the strike won't affect its annual profit target of 2 to 2400000000 euros. this week marks 30 years since the fall of the berlin wall it paved the way towards german reunification and shapes the economic fortunes of the nation many towns on both sides of the 1400 kilometer border between east and west suffered years of neglect while germany was divided among them was but has felt located in the former west a little was invested there until the curtain came down in 1909 and businesses there have been braced the opportunities offered by reunification. made nice and the logistics center for 24 plus i

hewlett-packard split into two companies in 2015.rs and business services and would not be part of the deal. >>> a scare at one of europe's busiest airports today. it brought the airport in amsterdam to a standstill before officials found out a hijacking alarm had been activated by mistake. the warning that triggers hijacked protocols was announced by accident on a plane headed to madrid. dutch military police that all passengers and crew members were safely escaped off the plane and the pilot had accidentally triggered the alarm and they apologized for the ever. >>> prosecutors are filing a hate crime enhancement against the man that through battery acid onto another man's face. the 61-year-old is accused of doing acid on a man after he was confronted at a restaurant on how we purchase a car last friday. he immigrated from peru. he says the man accused him of breaking the law and coming to the u.s. illegally. today the victims thanked prosecutors and the community. >> i just want to say thank you to the people who been helping me an

top names were companies hewlett packard apple intel advanced micro devices. virtually the who's who of the electronics industry. and of course the granddaddy of them all was i.b.m. . when i got a card and i.b.m. that was great that was the company to work for at the time i could go any place where he worked i.b.m. i don't need an id you just write a check. it was that easy i.b.m. had that much clout i was the 1st marker processor buyer for i.b.m. in the early eighty's the idea of a personal computer which was was on oxymoron right i mean personal computer what and what would you use it for anyway but it got legs and we started the p.c. business the 1st year they shipped $50000.00 units and so we went from a 1000 a week 240008 week and at that point the p.c. was launched. from almost the very beginning you heard electronics and semiconductor production was a clean industry they said it was as clean as a hospital but what they weren't telling people was that it was really a chemical handling industry and that the magic of making these microcircuits relied on th

. >>> welcome back as promised, there's hewlett-packard, down more than 8.5% eps beat, the revenue misseddown 9% year over year you guys were saying in the break, i don't know anybody who owns this name. >> who does? >> some people obviously do. >> calling all contrariance. >> you know who owns it? vanguard >> index funds >> yeah, unless there's an activist i'm never heard of. if you own cisco, you're suffering today. >> we don't know people who own it -- >> you own cisco, you speak more broadly -- >> you're affected because of what's going on with hewlett-packard. fully understood the tell was when robbins and cisco came down and you looked down the ledger and said, maybe i need to stay away? >> i think they perform much better look at the reaction today not terrible giving the fab that hewlett is -- >> i own it. what is the catalyst maybe that's -- >> at least another quarter or two. >> maybe the worst is behind, the guidance is down a lot, it's cheap. that's why i hold it, but i don't necessarily if i would buy it >> i'll talk to you on this palo alto, worst day since 2017 people feel

coming up next, xerox may weighing a potential bid for hewlett-packard. this is bloomberg. ♪ this is bloomberg markets. i'm shery ahn, in new york. amanda: i'm a mandolin, in toronto. a merger of office giants, xerox lining up financing from citigroup for hp. but does it make sense for the maker of photocopiers to acquire ofoderately hipper maker renters and pcs? our bloomberg intelligence senior hardware analyst is with us. in terms of the merger, one thing that jumps out is that these were huge names of a bygone era. does this make sense? >> this is mostly a financial engineering transaction. if you look at the deal, xerox can raise about $20 billion and even with a slightly higher cost of capital, we think potentially they can swallow the deal. said, look, if you look at the hp printer business and the xerox printer business, xerox is strong in the high-end, where they can sell three dollars worth of print supplies of for every dollar they sell you, hp, two the opposite of dollars of print supplies for every dollar of printer they sell you. putting tho

hewlett packard split into two companies in 2015 with hp incorporated retaining the personal computer and printer products. hewlett packard enterprise sells servers and business services and would not be part of this possible deal. >>> t-mobile and sprint have cleared another hurdle in their efforts to complete a $26 billion merger. the fcc approved the acquisition of sprint despite opposition from more than a dozen states including california. those states claim the merger is bad for consumers because it would reduce competition. >>> the dmv is announcing it improperly released information of 3200 californians. several state and federal agencies including the irs received information they should not have seen. homeland security was given data from 200 including records for immigrants in the country illegally but applying for special license. i dmv spokesperson said is been informing drivers about what happened. >>> after 45 years of quirky costumes, patchy tunes and timely commentary san francisco beloved beach blanket babylon is in the final months of production. claudine wong spent

. >>> hewlett packard inc. the not ready to lose its independence. the tech appellant has rejected from xerox. the hp board of directors of the xerox acquisition offer significantly undervalued of the company xerox offered to buy it for $33.5 million. $22 per share. hopefully if a murder has not been completely squashed, the board says it is opening to continuing discussions. >>> let's see how wall street is doing with 50 minutes to go before the closing bell. minute cbs sunday morning correspondent baraka asking a key question about life and death in his new book. who gets to be remembered and why. the book published by simon & schuster. it is called great lives worth living. >> thank you for being here and congratulations on the book. may the new york times bestseller list of this. what that means my name is legally changed to new york times best-selling author wrote this book looks at so many lives that so many can learn from. what do you want readers to take away.>> i want people who i do not think the proper sendoff to be given a second look. gr

hewlett-packard said it received a proposal but do not provide any details. both companies have been trying to cut costs in order to boost results as the demand for printed documents and inc. has dropped off. hp says it will do what is in the best interest of its shareholders, no comment from xerox. >>> right now we are merging the fog along the coast and warmer temperatures in length. >> basically summed it right up. >> you are done. >> [ laughter ] >> thankfully for job security there is a little more to this. >> thank goodness. it is kind of a unique story, if you're near the coast and bay things have really changed. first of all, let me show you the view, this is from the top of the sales force tower looking west and you'll see not only the beautiful color from sunset, which happened just about 15 minutes ago. hope you're enjoying the time change. and, you can see the tower on here. >>> friends to the bay, that was about it. as far as current number 65 in concord, 62 in santa rosa. we will take a look at a closer view on the high-resolution satellite, you

the problems that dionne, dionne did a great job, split off of hp, a lot of people felt that hewlett-packardes would be better than what dionne did. dionne is going 3-d. >> that is having a rough go right now. not making progress they hoped. >> not yet but the 3-d product, i've seen work, it is exceptional. david, when i spoke to loris, has a tremendous plan to bring out value. he would be totally distracted by this. $8 billion versus $27 billion. i would not buy hp inc. here let me tell you, i would not buy hp inc., if anything the numbers are too high and loris -- >> i don't know the price, other than it is a real read into the premium, a significant premium. >> i'm betting $23 it is real. i've spoken to bankers that's how fanciful i feel. >> let's not forget, there is plenty of financing out there. >> reeseler, like -- friday is his last day >> it is up to their shareholders, right? they may fight, i don't know what their chosen position will be, i should add i have not heard back from hp inc. management. >> how much does it have to do with the fact that loris starts now and they're sayin

. >>> hewlett packard says the board rejected a $33 billion takeover offer from xerox saying the deals business. h.p. said the board cited concerns about, quote, outsized debt levels should the biden. h.p. says it recognizes the potential benefits, and h.p. remains open to exploring other options to combine with xerox. both companies have faced difficulties as the demand for printed documents and ink have decreased. >>> and "ford v. ferrari" sped to the top of the box office this weekend. ♪ >> we're lighter. we're faster. and if that doesn't work, we're nastier. >> the 20th century fox film starring christian bale and matt damon brought in $31 million. lionsgate's ""midway" brought in just under $9 million, and the reboot of "charlie's angels" brought in a little over $8.5 million. >> diane king hall at the new york stock exchange. thank you, diane. >> you got it. >>> still to come, a track star, kyle busch takes his son on a victory lap after winning his latest nascar title. test nascar title. or heart failure look like? it looks like this. ♪the beat goes on entresto is a heart failu

meanwhile, notable companies reporting earnings today include hewlett packard and clothing company pvhrands including tommy hilfiger and calvin klein. >>> stocks closed higher friday. the dow rallied 109 points, the s&p 500 added 6, and the nasdaq gained 13. >>> the owner of the louis vuitton brand announced it's reached a deal to buy tiffany for $16.2 billion. the move will give lvmh which also owns christian dior its first jump into the luxury jewelry market. the deal's expected to close in the middle of 2020. subject to the approval of regulators. also in deal news, swiss pharmaceutical company novartis has reached an agreement to buy u.s. cholesterol drugmaker the medicines company. that deal is worth $9.7 billion. the medicines company focuses on research and treatments for cardiovascular disease. it specifically looks at ways to lower cholesterol. that deal is expected to close early next year. >>> "frozen ii" froze out the competition and clinched a box office record for disney this weekend. >> how did you get in the forest? >> impossible. >> the animated sequel brought in an es

holding steady up just half a percent and lastly well it's not all good news here in the story hewlett packard on sunday again rebuffed xerox attempts to acquire the company for $33000000000.00 and refused to open their books to the copy machine giant h.p. contends the offer significantly undervalued their company and expressed uncertainty as to whether xerox could raise the money for the purchase last week xerox said that if h.p. was unwilling to hold talks they would look at the possibility of a hostile takeover. acquire.

holding steady up just half a percent and lastly well it's not all good news here in the story hewlett packard on sunday again rebuffed xerox attempts to acquire the company for $33000000000.00 and refused to open their books to the copy machine giant h.p. contends the offer significantly undervalued their company and expressed uncertainty as to whether xerox could raise the money for the purchase last week xerox said that if h.p. was unwilling to hold talks they would look at the possibility of a hostile takeover. according to guidelines issued by the government china said it will raise penalties on intellectual property theft this is an attempt to address a major sticking point in the ongoing us china trade war the world's 2nd largest economy is also looking to lower the threshold for criminal punishments for those who steal i p the u.s. wants china to crack down on ip theft and to stop forcing american companies to hand over their commercial secrets as a condition of doing business there the 2 countries are working toward a phase one trade deal they're very close to signing that agreement a

blockbuster takeover is in the works of copy machine makers xerox has made an offer to purchase hewlett packard xerox has offered h.p. $22.00 per share in the bid to acquire the company sources close to the situation say the bit is for 77 percent cash and 23 percent stock h.p. is worth roughly $29000000000.00 and is nearly 3 times the size of xerox in regards to market cap at the end of the deal h.p. holders will own 48 percent of the resulting income. but h.p. issued a statement confirming that the reports of the talks were true saying they're discussing a possible business combination and after speculation started earlier this week h.p. stock traded on the new york stock exchange spiked more than $3.00 also witnessed gains of more than $3.00 after news of a possible acquisition. the u.s. department of justice is charging 2 former twitter employees with spying on behalf of saudi arabia court documents revealed the 2 as a u.s. citizen. and. from saudi arabia ahmed on a 3rd former twitter employee and saudi citizen is also being accused of spying the other 3 men are accused of working with head

hewlett-packard a number of years ago. he landed on his feet. got a job at oracle shortly after. comes severance pays qamar these packages signed into their contracts before they get the job? anders: a number of ceos have contracts. he did not. a severance plan or a change in control contract, which outlines if you leave this job or get fired under x or y circumstances, you are in line for these payments. in this case, the board classified it as not the most severe of x's. that is right. amanda: we have the chief people officer also resigning. any indications whether those two things are related? anders: we are not sure. it is a bit early and this was a bit of a surprise. we are waiting for more details to come out. watch yourwill reporting. thank you for that. appreciate it. course, very little forgiveness sharing in the market today for another consumer name. under armour heading for its worst day in two years, down 15%, after the company said federal officials have been looking into accounting practices for almost two years. there is the unpleasant news of the fcc investigatin

shares of hewlett-packard are lower in the premarket.rdwire is still stuck in a slump. hp reaffirming its forecast for fiscal 2020 profit. dell is exploring a sale of its cybersecurity business. bloomberg has learned dell hopes up get at least $1 billion for security. the company acquired rfa in a takeover. that is your bloomberg business flash. alix: time for bottom line. we look at three companies worth watching this morning. i am looking at chesapeake, getting a approval rating. one analyst likes their debt reduction plan. it is realistic to reduce their leverage ratio. i cannot believe they are trading at $.61, that is crazy for a company as big as chesapeake was. sic semper gloria, as they used to say in rome. share $1.70 to $1.80. the stock is reacting as you would expect, down 13% in premarket trading. there is still value, but the reason is what is interesting. sectionany estimates 301 tariffs will increased its cost of goods sold by $19 million. they are saying tariffs are hurting their bottom line. they are also talking about w

was slightly up, let me quick it check it here, xrx, it is moving about 3 and 3 quarters but hewlett-packardhat's really getting the big move here. early investors in the ride-hailing firm are exiting at a fast clip. uber's lockup period expiredded at the open today, what does that mean? shareholders who got in early could finally sell their shares, well, they pounded the price down to a record low, right now we are slightly above that at 26.94, the stock is still down about 4%. we can flip over to rival lyft, moving higher by 4%, interesting. all right, driving on, let's get to breaking news on tesla, breaking in about last 14 minutes, s&p says that tesla has revised its outlook to positive from negative on tesla and the excuses that they are saying, there's an increase likelihood that tesla's credit metrics will improve more than s&p's original base, not bad, now stock is at a roller coaster ride today, tesla up 2 and a half percent, before that s&p s&p announcing, the stock was up 1%, before that it was a lot lower, so why -- what do you get when you merge the movie blade runner and picku

you have hewlett-packard apprise 9%.lower by about .t missed on revenue for the foreskin ticket of quarter -- it missed revenue for the fourth consecutive quarter. xerox is in pursuit of hp. we will also have carl icahn in on that action. he is upping the ante, saying it will go to directly to hp shareholders. xerox also lower, but just marginally. romaine: remember, the function gtv on your bloomberg terminal lets you browse all of the recent charts featured here on bloomberg tv, catch up on key analysis, save your favorites for future reference. from new york and london, this is bloomberg. ♪ ♪ romaine: live from new york, i'm romaine bostick. guy: from london, i'm guy johnson. this is the european close on "bloomberg markets." let's check in on the bloomberg first word news with courtney donohoe. courtney: another sign of solid housing demand in the u.s. buyers snapped up homes at the fastest pace in more than 12 years. single family home sales ran at an annualized rate of 732000 and october. meanwhile, septembers number was upwa

the macro uncertainty, what gives you that confidence >> well, we just close a strong year for hewlett packardprise we had record growth, record free crash flow up 58%, and grew on all key indicators. strong digits. one i am particularly pleased is momentum we have in the service model that grew 72%. that gives me companies based on the portfolio and innovation we brought to the market, demand we see for customers to drive that growth in a profitable way, based on the shift we made this year that's why i am confident about the future, about 2020 and beyond >> you mention services. i look at your units, hpe point next and aruba services were the stronger ones looking at year over year comparisons. i wonder is hardware overall enterprise hardware showing weakness heading into next year? i believe goldman a few weeks ago had warnings about that based on uncertainty are you seeing that weakness >> well, our units grew 2% in q4 we continue to drive strong service intensity which allow us to grow hp for next orders on the service side 1% year over year we grew the aruba services 18% in q4, and the a

and when we i doncome back, lat for xerox's push for hewlett-packard.nd plus ford closing the book of any possible apples to apples dual with the new cyber truck. and later on, an exclusive with former sears chairman and ceo arthur martinez. dana-farber cancer institute discovered the pd-l1 pathway. pd-l1. they changed how the world fights cancer. blocking the pd-l1 protein, lets the immune system attack, attack, attack cancer. pd-l1 transformed, revolutionized, immunotherapy. pd-l1 saved my life. saved my life. saved my life. what we do here at dana-faber, changes lives everywhere. everywhere. everywhere. everywhere. everywhere. non-gmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten & dairy free. they're all clean. all the time. even if sometimes we're not. sundown vitamins. all clean. all the time. happy veterans day. happy veterans day. happy veterans day. happy veterans day. student veterans of america champions those who have served and also prepares them for their next chapter in life. please take a moment

xerox failed to buy hewlett packard. they said xerox acquisition offer devalued their computer pane. they offered $22 per share but hope of a merger hasn't been completely squashed. the board says they are open to continuing discusses. >> there is a new bike land on the bridge. the path stretches from.rich manned to san rafael. dozens turned out for the grand opening over the weekend. there was even a unicyclist that made the four mile trip. the bike lane is part of a four year pilot program. >> there is live music while they are riding their bikes. pretty cool. >>> not looking too good for the start to the week. >> the richmond san rafael bridge, the crash is a fatal crash blocking the three left lanes. this is eastbound 80 right at gillman before the 580 split. that will affect your ride as you work your way out of berkeley, albany into richmond. they shut down the three left lanes for the investigation. there is a lot of debris in the roadway, a lot of glass in lanes. two cars involved in the accident. it has been the

also interesting news about hewlett-packard. the "wall street journal" says xerox wants to buy it. xerox is worth about $8 billion and hp worth about $27 billion. more trouble for facebook. the company says as many as 100 developers had access to your data including pictures and names. facebook used to allow this, but cut outside developers off of ter t after the cambridge analytica scandal. facebook is asking the outside companies to delete the data. >>> this banner was flown objecting to their decision to include breitbart in its trustworthy news section. >>> and an investigation by our sister network cnbc has found problems with the san francisco based company the real real. real real sells or resells brand name fashion and is just opening up its first brick and mortar store. cnbc found not everything that real real sells is authenticated by experts. and employees work under striqu that could lead to fakes being sold. the ceo says that there are absolutely no fakes on that site. this has gotten to be a huge industry, this reselling of things. posh mark is another one. but the fa

shares of hewlett-packard enterprises are lower.stuck in a slump, hpe reaffirming its forecast. in australia, a giant money laundering scandal led to the downfall of a bank ceo. westpac's ceo quitting under pressure, accused of the biggest violation of money laundering laws in australian history. that is your bloomberg business flash. tom: i will speak with the former supreme commander of nato and a vp candidate at one time around. our kevin cirilli, chief bloomberg washington correspondent. i thought jonathan bernstein really captured the moment for this white house, melded in a couple of the themes we have. be aost likely outcome may close to partyline impeachment in the house, acquittal in senate. stuckvative republicans with nixon in 1974 -- well, they did not, i remember that clearly. thechaos shows that president remains quite capable of doing damage to himself. ultimate damage going to be his secretary of defense? what does the secretary of defense do? kevin: from the president's perspective, it matters more what his messagin

interesting news about hewlett-packard, the "wall street journal" says xerox wants to buy it. now, that would be quite a feat. we'll keep our eye on this. more trouble for facebook, the company says as many as 100 developers have access to your data including pictures and names. facebook used to allow this but cut outside developers off after the whole cambridge analytica scandal. >>> an activist group flew a banner above the facebook campus tuesday objecting to their decision to include breitbart in it supposedly trustworthy news section. the right wing breitbart has published undefendable content in t past. >>> and cnbc has found problems with the company real real. they resell brand name fashion. cnbc found not everything real real sells is authenticated by an expert. and the employees are working under strinkt quotas that cnbc says leads to fakes being sold. the ceo says there are absolutely no fakes on the site. this is getting more and more difficult even if you are very careful. because the fakes are getting so good. but this industry is enormous. it is an enormous part

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw.the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. >>> welcome back to "fast money. some big news over the weekend for one stock that's been trailing the market. it's just up 7% this year compared to a 23% grain for the s&p. its ceo is 89 years old. there's no clear succession plan and the company just announced a record pile of cash. do you know what the stock is? berkshire hathaway it is sitting on a record $128 billion in cash, so lagging the markets with a boat load of cash how do you feel about berkshire hathaway >> we talk about the xlf all the time it's the largest holding and it's one of the reasons why that thing is performing the bay is market is, despite some of the biggest bank stocks doing well i think it's an interesting situation. this guy has done the best things during crises i think he wishes we would have some form of crises. i think he probably has a

tonight hewlett-packard told a tale of woe similar to what we heard from sysco. there are just too many executives who have to sign off on deals because who knows how much they should budget for in 2020. we already know what the tariffs are going to be. still, companies don't want to make a mistake, so they are holding out for a more certain environment to buy big capital products. however, individuals are still flush. and they're spending fortunes on hardware as we saw from best buy this morning. the stock jump almost 10%. kohl said women's apparel is weak, but dick's sporting goods told a positive story about the same kind of power, sending its stock up 18.62%. i've got winners and losers, not just losers. and the wirns anners are more prevalent than the losers and that's why you have a rally. third, talks of getting a new lease on life ever since china said it would respect intellectual property. talk is cheap. but president trump can declare a victory here and say he's gotten the chinese to change his ways. if you get a phase one trade deal, that wouldive the

hewlett packard in palo alto said no to a xerox takeover but left the door open for further talks. we work, the big office rental company, will reportedly lay off thousands of workers. they went from unicorn to disaster in record time. its flaws laid open after it tried to go public and had to show everybody its financials and how they worked. this despite a huge bailout from a japanese investor who is pouring billions into bay area funds through his soft bank fund. i've been talking about him for a while. there was a point it seemed like anybody could get a couple million from him. "new york times" says we work could lay off as many as 4,000 nationwide. the problem with layoffs other than the obvious human story is it makes remaining employees nervous and they tend to start looking for other work. over the weekend apple removed hundreds of vaping apps off of its app store. you could use those apps to control temperature and other things. president trump reportedly backing off his big vaping ban after concerns that would turn vaping voters against him. and ford unveiled the new mus

. >>> hewlett packard says the board is rejecting the 33.5 billion dollar take over from xerox. the company claims the cash and stock deal undervalues the business. there are also concerns that the new combined company would have carried too much debt hp and deerous hacks face troubles for printed document and ink declined. >>> coming up, details on a plan to install more than 1,000 bike racks. >> also, televised impeachment inquiry testimony will continue this week and today there are reports the president could testify in the hearings. our hillshire farm craftsmen start the day slow-roasting turkey for incredible flavor. then, they double seal every slice for freshness. the results, well, they speak for themselves. i didn't have to shout out for i didn't have to get you a lift. and i didn't have to call your wife to meet you at the doctor. because you didn't have another dvt. not today. we discussed how having one blood clot puts you at risk of having another,... ...so we chose xarelto®, to help keep you protected. xarelto®, is proven to treat and reduce the risk of dvt or pe

scott: all these printers are hewlett-packard printers that have been converted to print baseball batsnter thinks it's printing paper -- it's printing a bat. lemonis: you basically rigged this machine. scott: it's amazing. lemonis: how you doing? i'm marcus. dylan: good. how are you? dylan. -lemonis: nice to meet you. -dylan: nice to meet you. lemonis: is this done? dylan: yeah, that one's done. lemonis: is this the only product that you print this way? dylan: i mean, we've never printed really anything else on printers other than bats. lemonis: people like to buy products that are personal to them, whether it's their favorite sports team or family reunions or their favorite personality. and so anytime you can take a basic product and customize it, you're going to get a lot higher margin. and that's what's gonna make this company money in the long run. wendy: you have 300 boxes for 1,500 pennants. we're probably gonna lose about $10,000. jackie: this is the fifth time this has happened this week. scott: this is my daughter, jackie. jackie: i'll call them back. hi. nice to meet you. lem

for transformation that works, you need hewlett packard enterprise and it orchestration by cdw.> it is time it's time for the "lightning round" >> buy, buy, buy >> sell, sell, sell! >> buy, buy, buy, buy, buy, buy! [ buzzer ] >> and then the "lightning round" is over are you ready, skee-daddy? the "lightning round"! robert in illinois, robert >> caller: hey, thanks for taking my call, jim. >> quite welcome >> caller: two things. first thing, thank you for recommending bowing to me about eight years ago. i bought the stock still have it today. i've done quite well. >> hold on, hold on to it. things will get better there what else? >> well, i need some help on lci. i really, really like this company. >> really? >> i'm not wrong. >> i don't like this specialty pharma sector. we have so many good pharmaceutical companies i'm liking novartis. i know it has a black eye from the one drug, but i think novartis is a better bet let's go to charlie in florida charlie? charlie? >> caller: boo-yah from the sunshine state >> hey, jim. >> caller: boo-yah the kid's got horse sense. what's up? >

. >> caller: in light of the xerox rejected bid for hewlett-packard, will they make additional bids? will xerox benefit should the acquisition go through and regardless what do you think of the future for xerox >> i think xerox actually needs very much for hp to buy them and i don't think hp wants to do that that means xerox could be vulnerable maybe for as much as 10% to 15% i don't think there will be a way to coerce hp into buying xerox so i'm not a buyer at these levels let's go to ken in georgia ken. >> caller: hey, jim. i sold half of my ollie's bargain outlet for 150% gain and got back my basis and down ro h roughly 35% from the high and still like the space i believe they had a short turn setback. wondering if it's time to go back to the well >> you know, it was a setback. it was surprising, it was surprising but i don't think it's such a bad level to be involved here. just after tjx reported an amazing quarter go with the best in show and right now that is tjx with second being burlington a whole new world. one that gives us all equal power. we are now an asset-light nation

hewlett-packard enterprise reporting a bigger than expected drop in fourth-quarter revenues, citing ales cycle, especially for large deals amid trade tensions between the u.s. and china, but the hpe company overall expects to return to revenue growth later this year but shares are still off 4.5% premarket. palo alto networks first-quarter results beat estimates, but shares are down sharply today as the cybersecurity firm forecasts second-quarter profits well below analyst expectations as it deals with rising cost and competition. shares off 8% premarket. then, nutanx is spiking higher an a lower loss in expectations. they beat forecasts thanks to a rise in billings and jump in software and support sales for the maker of cloud storage software as a result, shares up 22% in premarket. >>> still to come on the show, far from over as another trump ally is called to testify in the house impeachment inquiry. we are live in washington with those details next. >>> plus, why former bond king bill gross says stock gains in 2020 will be hard to come by "worldwide exchange" is back right afr iste

maybe trying to get frankly see hewlett-packard to buy them. of these. >> hchl p up by. hp up by 8% today. >> the quarter is going to be not that good. dan reeseler was challenged very much in european printing. the company was trying to go more -- much more 3-d, that's where the future was i met with him many times. it is not where the future is for xerox. so i just think it is something that both these stories seem quizical to me and any company that tried to do these deals would be challenged. challenged meaning i don't know how they pull it off you put a lot of debt on drugstore chain, you get rite aid. you can't invest, you can't expand i think walgreens, they have assets they can sell off there is no reason to do this. no reason. they have to tough it out. they have to be an amazon. you don't beat amazon by loading down the balance sheet with debt. >> you beat amazon by trying to outamazon amazon >> you make it a healthcare company. when you make a drugstore company a healthcare company, it is hard to compete walgreens will tell you they

maria: welcome back, xerox reportedly considering bid for hewlett-packard. premium for the company's 27 billion-dollar market cap according to wall street journal, xerox's board reportedly discussed possibility just yesterday but no word if they'll be follow through, two fading tech stars together. shares of walgreens, extending gains in premarket up 1.3% on word that the company has looked at going private. boarders reporting that the drugstore chain has held preliminary talks with major equity firms, walgreens not commenting, the largest leverage buyout lbo in history, shares of uber under pressure again this morning, yesterday they closed at record low, now down another 1.7% at 27.54 the share, so the company actually lost money, billion dollars in latest quarter, today the lockup expiration ends, so early investors get the green light to sell their shares if they want to today. and this, ups soon to take flight in a neighborhood near you, successfully completing the first ever drone delivery for cvs dropping one package off in north carolina and another

hewlett-packard up 11%. now you know. >>> look at uber., in a crash in arizona. we hear it was not programmed to spot jaywalkers. what's this? susan: that's right. so what happened in 2018, in march 2018 was a self-driving uber car killed a woman tragically as she was crossing the road with her bicycle. this was in the dark. according to our phoenix affiliate, their reporting suggests the collision happened just a few second, in fact, the preliminary report from nhtsa says the self-driving vehicle actually spotted the pedestrian before hitting her but a system used to automatically apply brakes in a potentially dangerous situation had actually been disabled and the person, the backup driver was actually watching a tv show on their phone at the time. so you know, as a corporation you can't be charged, but the authorities are considering charging the backup driver. stuart: we've got to work out liability for this kind of incident in these self-driving situations. i don't think we have really gotten to grips with liability at this point. but

. >>> and uber, xerox, and hewlett-packard are some of the people to watch today. >> according to "thend hp has a market value of $27 million. quite a story, no details yet. xerox up about $2 a share. when the opening bell rang, uber's stock dropped a bit and it's now down 3 1/2%. part of the reason, it is the first day the company insider can sell their stock since the ipo known as the lockup period, so that usually brings some volatility. downjones up a little bit, 27,502, s&p 500 up slightly, the nasdaq down about a quarter.. >>> and the consumer products safety commission says at least 73 deaths have been blamed on those sleepers. new research shows babies should not sleep at an angle greater than 10 degrees. most incline sleepers are at about 30 degrees. t-mobile and sprint have cleared another herd nel their effort to complete a $26 billion merger. the fck approved the acquisition of sprint, despite the opposition from more than a dozen states, including california. they claim the merger is bad for consumers because it would reduce competition. >>> and ford has unveiled an all el

i'm viviana hurtado in the hewlett-packard enterprise greenroom.sident gary jones is taking a leave of absence. there have been reports he is involved in a years long corruption scandal. joan says he does not want to do anything that distracts from the mission. he led negotiations that ended the recent strike against gm. airbus has jumped ahead of boeing. the european plane maker has taken orders for more than 350 planes in asia. in the last months, boeing received just 16 orders. it has struggled to revive its grounded 737 max. the parent of british airways agreed to by a spanish carrier for $1.1 billion. the deal would give iag further access to the spanish market. the company also owns two other spanish airlines. the deal will help iag reestablish itself as a leader in the europe to latin america market. that is your bloomberg business flash. alix: time for bottom line. we'll take a look at three companies worth watching. first we are joined by snarly basset -- we are joined by sonali basak. under armour is down 14% premarket. over the weekend,

isll to come, will placard -- hewlett-packard is ready to reject xerox after turning down a hostile takeover bid already. we will have the latest there. exclusiveter on, our interview with robert, as the hotel operator looks to push into china. ♪ across let's get you some numbers in sydney. westpac is sliding for a fourth straight session to a december 2018 low as the bank sees up to 80,000,080 dollars in fiscal 2020 costs related to a lawsuit. healy is under pressure after its earnings slid over 30%. sorry, that is new farm. dropping more than 13% after a trading update. earnings for the first quarter. healy is under pressure. pressure. under these are some movers early in the session. paul: thank you. despite all that red you just saw, we have a broader market up by .4%. aussie equities hovering near record highs. it will keep -- strategist eleanor creagh joins us now. we have equities in australia and other parts of the world at record highs. you say we might see continued upside, but what is it going to take? eleanor: i think that is the key question. if we don't have a catalyst for sign

component, what you would end up with at the end is a new company that would be 48% owned by current hewlett packardhareholders, 52% by examin xerox. they will play up the fact they are the right ones to deliver in expected cost synergies and would have the effect. by the way, their management team is comprised by a lot exhp erz, including ceo johnballan teen that i -- john ballentine they believed it would be investment grade it would be five times leverage given, of course, the death they would be adding to buy what would be roughly 23 billion or so in stock. these 77% component that is cash, perhaps a bit more than that the price, itself, 22, although, interesting, these examinxerox by all shareholder bases by the way, there is a decent overlap in the shareholder bases of both companies. not to be overlooked or is it in part some people find xerox can find itself on the takeover bid from hp despite the huge relative size unclear, they were both up >> that obviously, does have the impact of rising the actual price being offered given .137 xerox shares with the exchange of 23% of hp they do expect

in fact, as recently as two months ago, hewlett-packard had been in talks to acquire xerox according the situation those talks went on for quite some time, i'm told. number of weeks, they even occurred after they announced the departure of weisler and so they took place in late august, in september and they did involve what was the exchange of information, in person meetings, they conducted due diligence, some portion of due diligence, they discussed synergies, signed off on the fact that they believe the regulatory requirements for the deal would be met, there wouldn't be any real regulatory opposition to it but according to people spoken to, hp wanted more time. they wanted another three months to continue to do due diligence. xerox said no, we're done. now, there may be disputes about why in fact they walked awith e from it. are there questions about xerox's business in terms of going forward from here, whether or not they have taken the costs out and now have to look for some sort of revenue increase which they do not believe perhaps would be forth coming. that remains sort of qu

. >> one tech company that used to be up in that bracket has reported numbers hewlett packard.eporting eps of 49 cents versus expectations of 46 seconds. revenue they missed. as for the guidance, between 42 and 46 cents, that's been better than consensus for the year their guidance is between a buck 78 and $1.94. i did have the chance to catch up with the ceo about the quarter and he pointed out revenue stable for three quarters growth in key strategic areas. he did point out there is macro economic uncertainty that continues, he says, that does impact sales cycles. customers have taken a pause in part, he would pin on a continued u.s.-china trade tensions he emphasized that he feels good about q1 i asked in terms of tariff impact has he been hit by levies he said he mitigated it because adjusting price chain and supply changes. he says we'll see though he does have strategies in place finally, he is obviously an hp veteran so i wanted to get his sense. hp of course reiterated its rejection of that xerox bid. i asked him does a merger make sense. he said he had no real insight

at hewlett-packard but they do leave the door open to a certain extent towards potential talks betweenwo companies and i would note it is interesting that we have not heard from xerox they have not put a press release out responding in some way to the rejection of their offer. they did send this letter again to john, xerox's vice chairman and ceo, which they question some of the bases of xerox's business in terms of decline in its revenues from 10.2 billion to 9.2 billion on a trailing 12 month basis. and this does go back to reporting that i did last week, i think last week, in which i said that xerox had actually had talks with hp about being acquired by hp, but those talks had been cut off after hp asked for extensive diligence and time to do it now, there has been a lot of back and forth there in terms of what they really said or what they wanted and ndas weren't signed at the time they did do what i'm told was a fairly deep dive on synergies. xerox decided 2 billion from the deal at this point, you got hp, leaving the door open, by saying we remain ready to engage with you to bett