hpe shares rising slightly ahead of hewlett-packard's second-order earnings release.s now is very johnson -- cory johnson. what do we expect? cory: probably more restructuring, if anything. that's been a hallmark of hewlett-packard going back to 2001. it is an amazing thing. off there was this big spin -- one would be the boring old printer and pc business and the other would be the exciting software and networking services business. still in a constant state of restructuring and change at hpe. yet another massive restructuring going on underneath the hood. the rest of the business is also struggling. the software business has been down. it's a continual litany of problems for hpe. vonnie: isn't it good that a technology company is constantly restructuring? big: no, what you'd like is , strong hewlett-packard of old making successful products and services. it's like a black hole at hp with consistent restructuring and job cuts. that's what we will probably get more of tonight with the numbers. the expectation is the sales decline will not only continue, it will accele

hewlett-packard's chief diversity officer lesley slaton brown. >>> plus, you bid on houses, why not bid on apartments? the simple idea engages rebtsers. >>> and yes, washington is backing off its threats on pot. the ceo jim patterson. our reporters, this week on "press: here." >>> good morning, everyone. i'm scott mcgrew. hp is the birth place of a technique called management by walking around. if bill huelet and david pack around walked around i'm sure they they'd be surprised by what the workforce looks like now. a diverse workforce. an a perfect reflection of society to be sure, but hp is making it aer moe perfect mirror. the person in charge of the very big task is lesley slaton brown. normally this is where i'm beginning to ask you questions but i have a couple of things to point out. that is -- i said this the last time we had a diversity officer on the show. it is my job to ask you really hard questions. and they will be about diversity. i don't want you to misconstrue that somehow i'm against diversity. i'm also conscious that i'm a white anglo-saxon protestant man challenging y

hewlett-packard, l sorks we's, lion's gate. james comey will be testifying as well.resident is traveling alot. he will meet with the palestinians and he will go to the vatican where he will meet with the pope. the president will head to brussels to meet with our mean council president. he will meet with the newly elected french president. and he wraps up the trip in sicily at g-7 summit. james comey testifying wednesday. coming up next week. larry summers my special guest. i'll see you sunday morning 10:00 a.m. eastern. we'll speak with former ci sarks director james woolsey, my special guest. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. and nowhere is tre clearck, than the gnd canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who ar

is in a difficult time where you have hewlett-packard, cisco, hardware slingers aren't the leading technologypanies anymore. they are stuck with a world that is moving towards the cloud where the companies don't own their own computing stuff. on the other hand, he did not spark a wave of selling, this news. down 3%. we got a clue from warren buffett himself in the annual letter. on the saturday when the annual letter comes out -- vonnie: do we want to hear the rest of the sentence? cory: i go through the annual letter and mark the letter up. vonnie: oh, cory. cory: how can this guy who writes this -- cringe when you hear analysts talk about management who always "make the numbers." this is too unpredictable for the numbers to be met. tended tohey do -- make up numbers. vonnie: but berkshire hathaway makes the numbers every quarter, too. cory: they don't, actually. they are all over the place. what you see is over and over again, they've essentially been beating its numbers, but no, i didn't has worse problems. .onnie: cory johnson catch him on bloomberg radio and bloomberg tv. coming up, an e

. >> you see hewlett packard doing better. maybe you start to see somebody go out and say, things are looking better, technology is looking better, maybe 3d has a future. >> let's move that pile of trash we talked about on the conference all. the one i wouldn't have looked at etcy. -- etsee. so. i don't think. it's novembered moved from where they bought it. anything they take a position to get 15% out of the company. i think they see more value there, i don't think how aggressive they will be. >> that is sort of interesting to me zplchlt just because a highly accomplished equity firm is going after this, doesn't it imply they are reaching? >> it could, yes. it could i would think they have a ton of money to work. i got a name for you. what happens every march that you never watch? >> madness. >> what was tim's first pick way back when? >> a "fast money" match? >> no, jim cramer, timer, the whole thing. >> vallient owe n-- you don't se headlines, a lot of people are saying maybe bosch & lomb is more than the debt of the whole

meg whitman, ceo of hewlett- packard has a network of $2.5 billion, and alice schwartz who founded bio lab in 1952, has a net worth of $950 million, and the ceo of the errors to networks in santa clara, ullal has a net worth of $840 million. >>> sales are taking off for the young wine drinkers with new technology making it easier to can wine. there will be dozens of varieties coming soon and if you are wondering, one can equals one glass and you can get a four pack for about four dollars. that is interesting. >>> it is 4:42 am. >>> south, pay attention -- sal, pay attention and don't think about those cans. >> cans are supposed to be is a pray method of not letting in a air. >> certainly that is a big part of winemaking and preserving, and i wonder what the shelf life would be in a can versus a bottle. >> it seems a bit pedestrian, doesn't it? >> i don't think i can adopt the can. >>> good morning, and on the other hand, why not.>>> we have slow traffic on 580 and 205. i mentioned this, and i mention it a lot, i run into a lot of people that drive early on the altamont pass and they sa

>> dell. >> hewlett packard. >> there's a noise. correct, the answer is c, hewlett packard.wall street journal's" series today, they talk about how often do mergers fall apart, what is the percentage of announced deal transs aing transs a actions that collapse? >> a. >> correct. did you know that or did you guess? >> i knew it. i read the story. >> they think people thinks. >> one out of 14 deals collapse. people assume it was higher. >> exactly, a whole new strategy, everybody should read the peeps. question number three, that was very impressive. amazon sales are closing in on the $1,000 mark. when was the first time amazon crossed on $100 per share on a split-adjusted basis? a, april 23rd, 1999, b, may 9, 9999, or b, december 2nd, 2003? >> '99. >> yes, correct. two for three. which is pretty good. we have a bonus question i think we have a second here, no more multiple choice questions, just have to answer, how many times has amazon split its stock? i can give you one hint. do you want a hint? >> never. >> no, three times. three times. in june of 1998 and june of 1999 and

owned in apple during the quarter but added other tech names, co 4 quall koym and sales force and hewlett packard. last quarter with the election of donald trump as president, those were more of a mixed bag this quarter. the quarter ended march 31st. they decreased the stake in banc of america and j.c. morgan, tepper added 8.8 million shares of banc of america and paired back of his stakes in many of the pharmaceuticals. >> leslie, i'm curious, when it comes to tepper's slayers in snap, could this be a reflection of the ipo? >> certainly, these holdings are reflective of anything they held at the end of the quarter march 31st. it's absolutely an allocation in the ipo, which as you know, a lot of hedge fund managers tend to flip on hot ipos like snap that went way up on the first day of trading. >> leslie, thank you. is this a second life for shares of snap? or should we say, oh, you know what, this is the shares, the allocation of things you bought the from the start? >> certainly, it's a scale reading of where these guys were. there is no question, they could have traded snap aggressively. i thi

you can see hewlett-packard enterprise has not had a bad year.t will be interesting to see how the full market on thursday received this news. disappointment on the profit outlook, that is the story. margins going forward will improve. costs associated with the spinoff will be worked out. president trump says he will make a decision on the paris climate change accord in the coming hours or days. we are still waiting for that announcement. his critics are turning up the heat. let's go over the options with our reporter. he joins us live from washington. good to see you. elon musk tweeting out, threatening him to step down if they do exit this accord. what is on the president's mind at the moment? rbnz president trump -- reporter: president trump is hearing a lot from both sides. other corporate leaders who have supported the paris agreement have been vocal about wanting to stay in. so has his daughter, ivanovic on. -- hisex tillerson daughter, ivanka trump. also, rex tillerson. es,t we are hearing from aid is not to stay in it. top cohn informed u

reports are from hewlett-packard, dollar general, ryanair and lukoil, canadian banks reporting.hat will be before and after the markets drop. autos will be in focus later in the week. u.s. auto industry reporting good but not great is that the expectation is with general motors does have more gains -- to have more gains. there was disappointment in the sales last month. the markets' anticipation is that they come back from that. but they caution that the memorial day weekend is a good three-dayuse of the holiday and people go to the beach instead of the auto lot. it will be interesting to see the report. facebook and exxon mobil with .hareholder meetings haidi: some other movies i have not seen. thank you for that. we did sitt down, or down with the prime minister of vietnam. his confidence his economy is on target. economistna chief helps us break down the g-7 meeting and look to the e.u.-china summit. this is bloomberg. ♪ ♪ betty: we are counting down to the sydney open. sydney users are up 0.1%. we have a lot of data to get through and movements not just in u.s. trade but als

sears is well, -- buy, hewlett- packard has gone through rough times and reported good numbers. >> president trump takes part in a ceremony nato headquarters in brussels belgium. the memorial contains metal from the world trade center big reason terror attack in manchester is a reminder that nato of the future must include a focus on fighting terror. president trump repeated criticism of nato countries that do not pay their fair share. he said 23 of the 28 member nations are not paying the agreed-upon 2% of gross domestic product and he says it's not a to u. s. taxpayers. >> over eight years the united states spent more on defense than all other nato countries combined. if all nato members had spent just 2% of their gdp on defense last year, we would've had another $119 billion for our collective defense. >> the president did not publicly announce his support of nato's article 5 and some european leaders had hoped and that is a pledge of one nato member comes under attack, the others must come to its aid. the only time article 5 has ever been about was after the 9/11 attack. >>> the presiden

we have made equipment the ceo of hewlett-packard with a net worth of $2.5 billion, sheryl sandberg has a net worth of $1.6 billion, allie schwartz has a net worth of $950 million, and jayshree ullal with a net worth of $840 million. >>> the sacramento area man arrested accused of selling almost to me dollars worth of these -- bees and beehives and has stolen these things over the last three years, out on bail. inverse bert's -- experts say this is the biggest theft of the bees and beehives they have ever seen. >> these bee boxes and beehives are stolen throughout california, missouri and montana. >> there have been even more this due to the increased value of the beehives. >>> a man setting more fires in contra costa county and what his father had to say about the allegations. >>> the brand new fleet of trains, we show you the new design of the muni trains. who are these people? the energy conscious people among us say small actions can add up to something... humongous. a little thing here. a little thing there. starts to feel like a badge maybe millions can wear. who are all these car

hewlett-packard enterprises released its second quarter results after the bell.he company reported sales in the period totaling $9.9 billion, but that includes the enterprise services business, which has been discontinued. the company gave a profit forecast that fell short of estimates for the current quarter as the company struggles to shift to the competitive field of cloud-based services. a story we are watching, the massive legal spat between toshiba and western digital over the sale of a memory chip business is getting even more compensated. toshiba sent a letter to western digital saying it is moving assets from the joint venture back to the parent company after previously transferring them to a subsidiary in preparation for the sale. it became clear the operations may fall into the hands of competitors. coming up, after the firing. we are taking a look at alphabet's waymo and where it stands in the crowded driverless car race. a reminder about our new interactive tv function. on thet at tv bloomberg. you can watch us live. you can send our producers a

hewlett-packard, l sorks we's, lion's gate. james comey will be testifying as well.dent is traveling alot. he will meet with the palestinians and he will go to the vatican where he will meet with the pope. the president will head to brussels to meet with our mean council president. he will meet with the newly elected french president. and he wraps up the trip in sicily at g-7 summit. james comey testifying wednesday. coming up next week. larry summers my special guest. i'll see you sunday morning 10:00 a.m. eastern. we'll speak with former ci sarks director james woolsey, my special guest. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back, and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm

if you want to do that look at analytics and hewlett-packard. i think that's much less volatile.hat's the conclusion of the "lightening round"! >> announcer: the "lightening round" is sponsored by td ameritrade. 3:45? uh, compliance training. 6:30? sam's baseball practice. 8:30? tai chi. yeah, so sounds relaxing. alright, 9:53? i usually make their lunches then, and i have a little vegan so wow, you are busy. wouldn't it be great if you had investments that worked as hard as you do? yeah. introducing essential portfolios. the automated investing solution that lets you focus on your life. ♪ what we do every night is like something out of a strange dream. except that the next morning it all makes sense. to power global e-commerce fedex networks are massive, far-reaching and, yes... a little magical. fedex.com slash dream >>> what are we supposed to make of the astonishing run of stock in zebra technologies, which has doubled in the last 12 months. it's known as an enterprise asset intelligence company. for a long time this company was play on specialist printers, radio frequency id

one day this magical thing showed up, a hewlett-packard calculator.emember, the first rich kid in your class to have one? the rich kids had them. it was like, one day i will have this too. that technological progress that is that really- what's going on right now, technological progress that the only advantage to a certain group of people versus a broader part of society? mr. bernanke: i don't know. everybody has a cell phone. so, some of these technological things are helping, advances are helping a lot of people. i think it is true that there is a bit of a paradox again, we talked about all these amazing advances in communications and artificial intelligence and so on. overall productivity isn't doing very much. the truth is that outside some areas like communications, like that technological opportunities we see out there have not really completely diffused into our economy. that is the potential for the next couple of decades. tom: we will come back with ben bernanke in support of "the courage to act." it was hugely successful, now in paperwork --

all computer science and hewlett-packard services business and they merged and the deal caulosed on politicalthey're now going to be third largest it services company in the world behind ibm and ak ancientture and the story is really simple. all about synergies. merging these two together, supply chain efficiencies, people cuts, productivity and they have a goal of growing earnings from this year from 385 a share to $10 over the next three years. that's just on the synergy side. if you get revenue growth, which they're targeting 1 to 4%, if they get that, that's icing on the cake. i think it gets to 100 just on the story alone. >> is this sustainable? i was just reading from our market's desk. xlk at the highest level since 2000. >> the growth is is there and valuations aren't as rich because the companies are growing into that growth. so clearly, it has legs. is it the easy money, no, the group is up 15% year to is up y. you have to be more selective. i do think some value tech, which has lagged, like a dxt, actually can work. maybe value can come back over growth but i still like the sector

hewlett-packard, l sorks we's, lion's gate. james comey will be testifying as well.the palestinians and he will go to the vatican where he will meet with the pope. the president will head to brussels to meet with our mean council president. he will meet with the newly elected french president. and he wraps up the trip in sicily at g-7 summit. james comey testifying wednesday. coming up next week. larry summers my special guest. i'll see you sunday morning 10:00 a.m. eastern. we'll speak with former ci sarks director james woolsey, my special guest. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. to coast as onomy tanked. coast now it's a different story. the american dream is back, and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bol

adulence, from hewlett-packard, it's a life sciences and diagnostic company, put up 6% in life scienceinary, both stocks up. pi can't believe it hasn't been bought by someone. it's always a bridesmaid, never a bride. >> it's been around for so long, as you point out, jim. you're right. maybe they don't want to give up the incredible symbol, the letter "a." >> i would love to be the letter "a." >> spins from hewlett-packard. >> a lot of wealth created. hp is up. not hp, that's helm rick and payne. >> but hp, i inc., printer comp. >> agilant, toll strong and take two strong. if you look at the market and decide how is it itting on earnings, 3 for 3 is pretty darned nice. >> you made an important point, as we watch the president depart tale veef those companies believe to ben fit the most from tax reform have actually had the worst returns. >> yes, the market is so smart. the bond market is smart, there isn't' going to be a new expansion of the budget and the stocks right because they've taken up everything that is literally is just spend, spend, spend, doesn't buy back stock. what you ha

bum-pa-dum, bum-bum-bum-bum ♪ >>> more than 18 months ago the hewlett-packard broke themselves into thenter and then the enterprise. it was supposed to have a big yield but in the past year this has caught fire. the stock is up more than 60% from the lows in 2016. up from june. and just last week, hp ink reported a quarter that totally changed the narrative here. even if it didn't send the stock soaring into stratosphere. remember, pcs and printers are supposed to be in the long term secular decline. then a week ago, hp delivered had a a healthy full year guidance and some of the numbers were incredible. the pc business grew at a 10% clip and printing was up 2%. who said the stuff is in decline? according to hp it's doing just fine. now that it's coming i think we need to give this company a lot more credit for thriving. let's take a closer look with dion weisler find out how the heck he did it. welcome back to "mad money." have a seat. >> thanks, jim. >> first, congratulations. you know -- i have seen it -- good and the bad. let me ask you. you either have a business that is in secular

this is the hewlett-packard enterprise going on.the former director of the cia at 9:45 a.m. eastern time. now bloomberg business flash -- the u.s. hired a firm four years to to issue $4 billion victims of bernie madoff's skiing. investors have not gotten a dime. the government disposed -- exposed payments. initial payouts will take place sometime this her. the ppg industries says there is no reason to raise its offer. ppg made its $29.5 billion offer almost a month ago. it was rejected two weeks later. most shareholders want the company to engage in talks. says a new trade deal has not sped up his company's ability to expand in china. china agreed to give prompt access to company such as mastercard and american express. that is your bloomberg business flash. david: there was big news in the auto world as ford ceo mark fields was replaced by jim hatchett. i spoke with executive chairman bill ford about why they made this change now. greatand a time of transition -- that is where we are now. we have not seen a time in our industry whe

. >>> marine le pen and cummins, apple, hewlett packard, microsoft and ya hue, all hitting index highsriving most of their revenue through their own intellectual property is up 25% on the year. for more, go to cnbc.com/iq100. >> we're back on the halftime report. dr. j, as always, tracking the options market for unusual activity. >> you're at the telestrator with mondoleze. >> indeed. it's down about 2 cents on the day now. people were scrambling in buying upside calls. that's a look at the stock. it's gone nowhere. but somebody places a pretty big bet today that's that that's about to change. look at the volume on this particular strike. out there in may, you've got nearly 6,000 trading. take a look at these days leading into this. almost nil was trading and all of a sudden you've got a very big bet being placed at an out of the moeven call. what did i do? i bought along with them. i'll probably be in there about a week, judge, they've got earnings coming right up. we've got several stocks with big earnings reports either tonight or tomorrow and i'm seeing big, speculative paper on se

if you're not familiar with this iteration of the old hewlett-packard empire it's the most prosaic, thesonal computer and printer business. i could have called it iconic but lately that's become a curse word in the world of technology as iconic means gone with the wind. i have to admit when i first heard meg whitman talk about splitting it off from the company that moved so much deeper into more modern tech so to speak i figured hp inc. was pretty much doomed. [ beeping ] >> who would give a damn to keep the rhett analogy going, i wouldn't even dignify it with a razor razor blade analogy. the spin-off happened and the pc market was in a permanent double-digit decline with feckless competitors who tried to undercut each other and inventories brimming from staples to costco to best buy pretty much here to ear but last night, hp inc. reported not only stabilization but i got to tell you growth. 7% growth with strong momentum. their word not mine but they're right and personal systems meaning old-fashioned pcs grew 10% with robust sales in every region. it wasn't just a rising tide. the com

this is the hewlett-packard enterprise greenroom.e committee at 11:15 eastern. ♪ david: this is bloomberg. i am david westin reporting today from capitol hill. cover.orm came down the obviously, a lot of things having to do with the michael flynn investigation as well as the president talking reform with mr. lavrov. we have don marron, the founder and chairman of lightyear capital. great to have you on the program. you know washington terribly well. we want to talk about tax reform, getting the economy growing again. can we get to that without resolving some of these issues that have come up? don: i think you know washington even better, david, but i will try. i hope we can because these other issues will not be resolved quickly, and my guess is they will not be resolved cleanly. we have got to get to the tax situation because of the promise the president made and we need it. equally important is regulation. start on tax reform because it is the reason you originally came down here. why is tax reform so critical for growth in this ec

hewlett-packard's chief diversity officer lesley slaton brown. >>> plus, you bid on houses, why not bidhington is backing off its threats on pot. the ceo jim patterson. our reporters, this week on "press: here."

former hewlett-packard ceo meg whit man is 6th, 2 1/2 billion dollar.g is 19th at $750 million. >> cal train asking the public to help in the redesign of its train cars of the future. >> this as the transit agency moves forward with election trif indication even as federal funding appears to be in limbo. abc7 news anchor kristen sze is here with the details. kristen. >> alma and larry, more on cal train's money troubles in a moment. let's start with your choices. these are the four designs cal train wants you to vote on. number one looks most like the current design with the red on top. number too you is light and airy. number three is dark and grayer, number four has a red nose but is otherwise white. one of these designs will be chosen for the new electric fleet to replace the current diesel trains. this is cal train's video. the agency says the new system will incondaleeza rice capacity, improve train performance and offer a quieter ride. >> by converting cal train from a diesel-based service into an electrified system, we'll be reducing regional tra

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

scarlet: hewlett-packard enterprise, the part of the business with the valuable assets as opposed toting earnings, second-quarter adjusted earnings per share of $.85. that is the reported number -- $.35. the outlook here that we want to pay attention to his third-quarter adjusted earnings per share of $.24 to $.28. i am looking at comparable numbers, hpe, the comparable number is $.32. it looks like we are looking at a lighter than expected forecast which will account for the decline in hpe shares after hours. this is bloomberg. ♪ ♪ for first wordow news. tesla and spacex ceo elon musk says he will leave president trump's advisory council if the u.s. withdraws from the paris climate accord. he tweeted, "don't know which way paris will go but i have done all i can to advise ." today, twootus people familiar with the matter say the resident hasn't decided to keep the u.s. in the agreement, but is leaning towards exiting. during the campaign, trump was clear that if elected, he would pull the u.s. out of the accord. cnn reports that james comey plans to testify publicly in the senate as

problems reporting that reporting good numbers of restructuring the stock -- buy is doing well hewlett-packard reports good numbers this morning. it's helping things, checking in with stocks here is the dow jones up 78, 2090. s&p 500 and nasdaq into record territory. nasdaq 6195, 32 points almost 6200. s&p 500, up nine points this morning. >>> president trump's first formal budget request to congress is already causing a battle on capitol hill. the budget calls for drastic cuts to many federal programs over the next 10 years. they will make increase in border security in defense spending. budget director facing tough questions yesterday as he defended the presidents spending plan the house budget committee. >> to come up with the budget is nothing more than a question --- collection of his promises. social security and retirement and medicare he didn't want to touch. >> democrats about to protect medicaid and food stamps. >>> the bay area sky high home prices hit another record last month. real estate information service found median price of a bay area home in april climbed to $750,000 up 4.9

meg whitman the ceo of hue hewlett packard.husband founded. >> i kept looking for the name gasia mikaelian. >> i saw meg at hamilton. >> did you really? >> i was too nervous to say something. but when you see someone i was like that is meg whitman. that's all i said. >> you should have said something. >> no. i'm too shy. >> i see people and i don't say anything. good morning, everyone. i do want to mention that traffic is going to be busy. i also want to mention before we get to our maps here because i have a lot to talk about, capital corridor is experiencing major delays because what the system is calling a tresspasser incident in pinole. and trains will be delayed. train number 520 has been canceled. that remains on the scene there as the investigation into that incident continues. let's go right to the maps now. i want to show you the traffic is very slow in san leandro. really in both directions. mostly northbound. because of an incident earlier. a couple of crashes here on 880. now, it doesn't take a lot -- we don't need

this is the hewlett-packard enterprise greenroom. coming up at 11:40 a.m. eastern time the u.s.secretary steven mnuchin live from the milton global conference. now to your bloomberg business flash. the u.k. has warned facebook, google and twitter to improve their monitoring of hate speech. a panel of lawmakers searched to consider hosting the hate content a crime. the panel reports the companies are shamefully far from doing enough to deal with illegal and dangerous material. facebook agrees it could be doing more and says it is working with partners to solve the problem. in japan shares of sony jumped to their highest in 22 months. toullish earnings report led analyst provisions that sony could have record earnings this year. in the last couple of years the company has put more emphasis on gaming, camera chips, and finance. stock has doubled since 2013. shareholders of warren buffett meeting this weekend in omaha. cash pile hasn some of them dreaming of a huge deal. there is no indication that the indication is on the immediate horizon but it could conceivably be enough to mana

hewlett-packard green room. former u.s. transportation secretary on tax reform.p their three day meeting this weekend. laying the ground work for the weeks time.o improving relationship with a mnuchin.terpart steve saying the u.s. would do what's best for itself. don't want to be protectionist. rights to beve our protectionist, to the extent that we believe that trade is fair.ee and as i said, our approach is to balanced trade. >> some confusion the last time many ofuchin met with these individuals of the g20 level. g7 level, does that confusion still exist? people on bard with the message now coming from the united states? >> it sames almost as if the united states getting more on the message that's g7.ng from the they try and avoid any confusion initially by taking trade off official agenda. it's not part of the finance track. ministers that deal with that. it became part of the conversation. arrivedas steve mnuchin at a meeting on friday morning, u.s.'sexcited about the trade policy. they just finished the deal with goods.n beef and other he announced that was

hewlett-packard. josh has those. how did they do?2.39 billion, expectation of 11.93 billion. personal systems revenue, 7.66 billion with margins of 3.2%. printing revenues, 4.73 billion. margins there of 17.4%. turning to the guide, q3 guide, 40 to 43 cents. the street was at 43. for 2017, 1.59 to 1.66. the street was 1.62. so guidance roughly in line. i did, kelly, have the chance to speak to hp sprks ceo about his thoughts. he said he doesn't really disagree generally with what he is seeing from industry analysts. remember idc thinks they'll see shipments slip in 2017. he is saying he's confident in ability to act and execute the market and that's what we've been doing consistently, we've been looking at areas of premium and gaining, very attractive parts of the market as services. i did ask him about competition, kelly, with specifically expanding into the pc market. they told us they will be looking at the premium end of that market. he said, i think about all competition a lot. i don't get deinfrastructure by it. is coming in, i

. >> a security company in switzerland says some hewlett-packard pcs may record every keystroke ownershat stores that can be read by any user that uses the same computer nearly a third of models may affected sounds creepy one magazine is can i have defending this saying designed to identify when a user typed right key to say activate features. >> we report you decide on this one, there are ways to fix this, by the way, taking a look at h-p up nearly 30% so far this year, so you can go to web site if you want to fix this on your model. >> all right, martin, the musical coming off broadway for limited run you may recall the -- yeah martin -- >> i know. >> you may recall former ceo turned pharmaceuticals criticized for raising priefz potentially lifesaving drug more than 5,000% the musical running at players theatre for limited run we will let you know. >> kind of fun i like this hoping kevin does, kevin kelly a bride and groom jessia and allen of indianaa guidance to go against trajection put on flower show staging a fight to music the end of the dance kissed. >> [laughter] >> coming, th

how about hewlett-packard enterprise? those results are out at well. deed raw bosa has that run down. >> harks kellie. vettors are bracing themselves for another quarter of weakening revenue, however the company beat the street's expectation. revenue in the quarter up 1% year over year. $9.9 billion versus 9.64 billion expect. ets was in the line. this is adjusted eps, 35 cent versus 35 krerts forecost. however, shares lower by 2 1/2% in after hoirs and it may have something to do with company's fiscal q 3 adjusted guidance setting between 24 and 26 cents. previously in the range of 34 to 35 cents. meeting whitman saying they have work to do but these results give confidence efforts are deliver for customers. remember, hpe is delivering with questions about corporate spending. that call will be under way shortly. we have ceo meg whitman on squawk on the street tomorrow morning. don't miss that one. >> good stuff. shares down about 2 1/2%. finally palo alto network, those results out too and courtney has those for us. >> yes, palo alto network, six cent

of people point to priceline, but i count to the companies that are 15% of the revenues like hewlett-packard goldman gets about 21% of its revenues overseas. amazon, 20%. united technologies, apple gets about 17%. 3m, these are big companies that have somewhere around 15 to 25% of their revenues overseas and that's a big tail wind for them in terms of the earnings situation. here in the united states today, mixed market as you can see overall. energy still a problem. even with oil to the upside. there's not much follow through with energy. tech has been a fabulous performer. that's still holding in there very well. we had a big discussion in morning meeting about stocks priced to perfection. well, they are priced to perfection. when you get this kind of perfection it's hard to argue with it. earnings are rising. we have lower risk for geopolitics. the u.s. economy is improving. the federal reserve is essentially neutral on the markets. everyone believes there's two rate hikes coming. they have done nothing to dissuade that. that's why i'm calling it neutral for the fed and tax cuts are in pl

. ♪ >> this is the hoo hewlett-packard enterprise groanroom.ents founder joins us rom 8:00 a.m. eastern. emma: toshiba is warning its u.s. investors don't derail our chip unit. they won around of a legal action. it is certain that it has the unit. o sell the a surprising earnings report from the german utility eon. it missed estimates of the first report that's split from last year. eon was hurt in the and u.k. germany. a former bond trader has said he was trained to lie to customers to boost the funds commissions. he testified that he learned to lie about when they bought or sold bonds. two former colleagues are accused of lying to customers of mortgaged backed securities. david: the walt disney company reports earnings after the bell and it's warned that the beginning of this year may be soft because of increased sports rights costs and some tough year over year comparisons for its movies. but as always, much of the attention is going to be focused on espn. here to give us a preview is benjamin swin burn who covers disney for the banks. -- th

. ♪ emma: i am in the hewlett-packard enterprise gringo.acting to the jobs report. -- enterprise green room. coming up on friday, bill gross reacting to the jobs report. this is bloomberg. david: i am david westin. with health care coming up for a vote in the house and tax reform, all roads are pointing to the senate. a man who will play a pivotal role is senator orrin hatch of utah. he is also the dean of senate republicans and joins us. welcome. good to have you. sen. hatch: thank you for your introduction. david: no more than you deserve. let's start with health care the for turning to tax reform -- before tax reform. what is likely to happen from your side in the senate if a bill like what is being proposed makes it over there? what will it look like when you are done with it? hope to send it over to the senate. there may have to be some tweaks to it and changes but i hope that our senate colleagues will realize it has been difficult for the house members. we should keep that in mind. david: we had one of your former colleagues on the p

. ♪ >> this is the hewlett-packard enterprise greenroom. coming up, federal reserve vice chair.berg is this flash. today of t-mobile arising quinn to the financial times, the softbank ceo plans to seek talks to merge with sprint. he says the trump illustration would be more amenable to confirmation. the second-largest insurer in europe is planning an ipo of its operations. and u.s.to lift businesses, including its u.s. licensing savings and it. access holding. the company made -- return money to investors. shareholder -- were apologized to. he said in a general meeting he made an end -- a mistake in becoming personally involved in a compliance issue. that is your bloomberg business flash. david: a walt disney company amount -- announced second-quarter earnings and though it heat on profits, it fell short on revenues, largely attributed to his flagship espn channel. himn interview, i asked about the challenges of espn and his plan to a dress the challenges. feeling very optimistic about it. the reaction suggests otherwise but that is not the case with us. we have taken a number o

. ♪ >> here in the hewlett-packard enterprise greenroom.oreign relations president. don't miss it. alix: in the oil market, all eyes are on vienna, but my eyes are on houston and what shale's responsible will be to opec extending their production cut today. you had a saudi oil minister talking about what shale meant for opec today. >> shale is an important variable but we don't believe it will significantly derail or affect what we are doing. the market is big enough to absorb the expected increased production in shale in 2017. joining us now is david rockecharlie, the head of kkr's real asset investment. he has invested in about 10 investments in the eagle furred. you never do tv, so thank you for doing this. the big question, you have oil rigs continuing to increase its opec production continues to come down. how does that resolve itself on the curve. the most important to think about is oil companies are trying to make body and they have money to spend. they look at the forward curve for signals, when to invest in their capital but they

i am emma chandra in the hewlett-packard enterprise greenroom.next hour, doug holtz-eakin, the american action president, former cbo direct -- director. >> i were in or, led a slump in -- highlighting the challenge for the nation's leaders and maintaining growth. still what this is francisco blanch of bank of america merrill lynch. pointing towards the finance ministry's response to this, always pumps you whenever you get a downgrade. the ratings company has underestimated the capability of the government to reform. it is the commodity market underestimating china's ability to boost demand? >> china has a bit of a credit issue. everyone realizes that. china has continued to move higher and that is not helping the metals markets. i don't think it is an issue that the chinese government won't be able to control for now . the economy is ok, more or less. we are going through this leadership contest. i don't see a lot of downside risks. is that theclear metals are not going to like any orancial related issues upgrades, or increasing rates. jonathan:

. ♪ emma: this is the hewlett-packard enterprise green room.view with senate mitch mcconnell at 9:00 a.m. eastern time. david: this is bloomberg. i am david westin. to keep up with things in washington, you need somebody with experience in domestic financial matters and foreign policy. we are joined by next baucus, he most recently served -- max baucus. served 36 years in the united states senate, including serving as chairman of the finance committee. great to have you. max: good to see you. david: we want to talk about tax reform. but the president of the united states and the washington post that conspired together to say we have to ask you first about this report coming up late yesterday, where the washington post said that the president revealed confidential, classified information to foreign minister -- to the foreign minister of russia and it caused consternation within the security circles. adviser,nal security general mcmaster, said he did not reveal sources and methods. right do you make of this -- what do you make of this and what yo

. ♪ ♪ >> this is the hewlett-packard enterprise greenroom.e president of the federal reserve bank of chicago sits down with us. to your bloomberg business flash. a breakthrough in trade talks between the u.s. and china, an agreement will allow more exports of u.s. natural gas, and american beef will have greater access to chinese markets. the u.s. will allow the import of cook's chinese poultry. for an interview with the u.s. secretary of commerce wilbur ross at 8:30 a.m. eastern time. a dramatic turn in the legal battle about driverless cars, etc. to go judge has asked federal prosecutors to investigate the claims made with trade secret lawsuits against uber. not saying whether a criminal cases warranted. givene in delaware has approval to walk away from its $40 billion merger with anthem, it happened three months after another judge blocked the health insurance deal for anti-competitive reasons. it means anthem could have to pay $1.9 billion in breakup fee is and $13 billion in damages to cigna. in the treasury market, two options, a 10 and

that's a lot below other companies like hewlett-packard.holders just did a vote on compensation and it barely passed. it was 46% voted against so there's not a whole lot of confidence in the company right now, and ibm is going through a lot of tough times and so you know i guess internally, you know, maybe there's at the margins some -- that's somewhat morale reducing. but i'm not sure it makes a huge difference. >> okay. james, appreciate your perspective this morning. thank you. >> yep. >> here's what else is making headlines this hour. uber is reportedly the subject of a criminal investigation by the u.s. justice department. the probe looking into the company's use of software that helped drivers avoid local regulators. known as gray ball the ride share giant already admitted to using it and said it would stop shortly. after "the new york times" published a story exposing the existence of the software back in march. what would it get around? what did the regulators -- what was it trying to avoid? >> this is what we talked about. >> i rem

on their return and when they look at this over the last seven years you have meg whitman at hewlett-packard and andrew doria at pepsico and in fact over at ibm where ms. rometty made $32 million up from 19 million the prior year. the shareholders were clamoring about the payout but what this study is showing a particular that at least indices sweep these executives, these chief executives earning more. the big picture there is still a lot of controversy about women and what they make versus men on the dollar but at least in the executive see they are making good money and it should be fair and that all should be merit-based. melissa: i like that. david: president trump saying he's going to announce very soon his decision about whether or not to pull out of the paris climate deal. literally putting his advice on line trading a quote don't know which way paris will go but i have done all i can do to advise the potus and others in the white house through others in the council that we remain and we have no choice but to depart those councils if we don't. todd, the point is i think that elon mus

adobe, apple, facebook, gap, google, hewlett-packard, ingersoll, intel, johnson controls, mars, incorporated, microsoft, morgan stanley, national grid, pge corporation, sales force, snyder electric, unilever. this isn't the president challenging companies in our country to respond to the challenge. these are the companies in america challenging the president to respond to the challenge. it's the kennedy era on its he head. it's like j.f.k. in reverse. he's sayin saying we can't do in the private sector is saying we can. and ultimately, this challenge to our competitiveness globally is something that ultimately donald trump is going to forfeit for our workers, this opportunity to create jobs and markets and growth, it's going to be something that we lose. we need a president who is going to stand up for this stable, practical framework which is giving an incentive to the private sector to solve this problem. we will be creating jobs while saving all of creation. that is what the winning formula is going to be. and so, ladies and gentlemen, this paris agreement is going to lead to increased co