we're going to integrate the inphi team into the marvell family and we can accomplish these things andith two of the markets and long term secular growth trends which is 5-g and the cloud. >> matt, to that point about the value of having these two companies together, now that you'll really be able to offer an end to end solution yshgs , s that so important from a competitive stand snoint. >> surtandpoint? >> sure, as we've seen this week and this year, m & a and semiconductors has been robust one of the reasons for that, it's not the only reason, is that there is a huge benefit, julia, in scale. not only in scale in terms of manufacturing and cost, but also scale in terms of product portfolio and offering and the type of accounts that we do business with, these are the large hyper scale accounts you know, in fact today, i think today is almost faang day. there is a number of results coming out today you're seeing strength from a number of these tier one cloud companies as well as the 5-g companies h they're really looking for partners, julia, that can come to them with a total solution

join us this hour and we have another major chip deal second this week marvel technologies buying inphi. the price tag close to $10 billion in cash and stock. carl >> all right jim, heard you talking a moment ago about faang, most of faang reporting tonight. how are we thinking about the role of q3 earnings now when we have larger die n er dynamics a. >> look at the stronger trends that can influence things. katy huberty out with a note from morgan stanley. the estimates are too low for the new 5g phone that's something that has legs i think that when you think about amazon, they're going to be able to tell a fantastic holiday story because, why dr. fauci last night telling us we're in a bad place it is good for amazon. i think that alphabet, they have to worry about telling too good a story, they're under the gun in washington. that setup is a pretty good setup. maybe the best of all is facebook i know people are saying that point te pinterest took a lot of business because of the boycott against facebook i think that that will -- i love pinterest and think it is terrific, if there was

we're calling it second chip deal this week following the amd deal if you don't know inphi, they areeader in high speed data movement interconnects i think i just like saying that. big fast data through the globe between data centers and within data centers signal integrity i guess is the key for inphi. now i've said everything i know about it and i wouldn't know about it if i didn't have google >> exactly >>> when we come back, big tech coming under fire in washington. ceos of twitter, facebook and google all testifying before congress yesterday we'll talk to former obama white house chief chlotenogy officer chopra about how they did. as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected. our retirement plan with voya gives us confidence. they help us with achievable steps along the way... ...so we can s

marvel announced it will buy inphi.eal shares of marvel are lower, and inphi is surging marvel's ceo weighed in earlier on cnbc. >> as we have seen as recently as this week and certainly this year, m&a in semiconductors has been robust. one of the reasons for that -- it is not the only reason -- is that there is a huge benefit, julia, in scale. not only in scale in terms of manufacturing and costs but in terms of product portfolio and offering the terms of accounts we do business with, these would be the large hyper scale accounts >> mike, such an exciting time for semis, because of deals. and he described the environment pretty well. where else are investors looking for the next one >> i don't know about exactly where in terms of what companies are in play except that you are seeing is that larger companies that are on a roll, they have relatively rich valuations they want to round out their kind of product offering, and this is a perfect little kind of fill-in product set that marvel is acquiring there. inph aye i bel

. >> selling a bunch of inphi as well. >> the stock is up 40% it was a big position, got a lot bigger the position, keeping half of it this points out why 5g is not a consumer play. it's actually an in-street play. marvel didn't buy it for the consumer, they bought it for industry, period, cloud. >> pete, you bought the stock, actually >> yeah, because it didn't make sense to me. i thought it was a great acquisition. that did make sense to me but the stock was down 7% early on when the stock was trading close to 36, we had some gigantic call buying in there. i chose to buy the stock and use the implied volatility to be able to sell those options i'm selling the 39.50 strike calls where the stock has actually gotten up there when the stock was trading about 36.25 at the time. i like this name i plan on holding marvell for a while. i think thiscy agreat combination. i think all these acquisitions are going to be beneficial because they all work so well together cohesively. >> let's do final trades liz young, why don't you start us off today, please. >> sure thing. i still think you're a

dow jones reporting marvell could be close to buying inphi later this week. let's get our first word headlines. not -- european leaders are imposing tough new virus curves as infections surge and social restrictions failed. germany and france are going into national lockdown, again. the u.k. is considering one. italy and greece report record numbers. the top u.s. infectious expert, anthony fauci, is warning a vaccine will not be available until january at the earliest or its air asia is reported to be under investigation in malaysia. a $17 million loan from the bank. the anticorruption commission is excepting any possible violations after news outlets that they had ordered an independent audit. at hows are looking funds would disperse over installations of a new state government. tech is being worn that its legal protection overt user content could be removed amid accusations of abusing power. twitter, facebook and google were grilled at a congressional hearing with republicans demanding who put them in charge for what can be posted. some immunity and content