you wonder can michael dell really fix things up at dell?> certainly he has done well enough in the past. but investors have been scratching their heads in the last five years, wondering what is the next great idea michael dell was going to have, rather than trying to put together a small-scale version, if you will, of the ibm software services and hardwareodel. >> susie: i wao ask you about hewlett-packard, because the statement that came out of hewlett-packard, let's pull it up. they said dell has a very tough road ahead. we believe dell's costumers will be eager to alternatives, and h.p. plans to take full advantage of that opportunity. you know what they say about people in glass houses. late today the board came out and said that hewlett-packard is considering breaking itself up. does hewlett-packard stand to gain something in all of this? >> certainly hewlett-packa is talking ou of both ses of its mouth. in the event that hewlett-packard considers going forward with the breakup of the company is that one of the calls might be to silver

you wonder can michael dell really fix things up at dell? >> certainly he has done well enough in the past. but investors have been scratching their heads in the last five years wondering what is the next great idea michael dell was going to have, rather than trying to put together a small-scale version, if you will, of the ibm software services and hardware model. >> susie: i want to ask you about hewlett-packard, because the statement that came out of hewlett-packard, let's pull it up. they said dell has a very tough road ahead. we believe dell's costumers will be eager to alternatives and h.p. plans to take full advantage of that opportunity. you know what they say about people in glass houses. late today the board came out and said that hewlett-packard is considering breaking itself up. does hewlett-packard stand to gain something in all of this? >> certainly hewlett-packard is talking out of both sides of its mouth. in the event that hewlett-packard considers going forward with the breakup of the company is that one of the calls might b

bid, which probably isn't going to happen given the dynamics, basically the blocking dynamics of michael dellestion about this deal, and that is how much cash on hand is going from dell's own books to fund this buyout? it's mentioned almost casually in the press release, but shareholders need to know how much of their own money is going to be used to pay for those shares. >> people have been asking, who is mike dell working for? as dennis wrote. fair question. >> he recuesed himself from the decision-making process. but this comes in any time a founder or ceo gets involved in a leveraged buyout. it's an even bigger deal here, because even though silver lake is involved, he's the -- if silver lake wants to fire michael dell, they can't do so. >> do either of you really believe that it would be easier to change, to work your way out of this pc hole if you don't have to answer to shareholders every day? dennis? >> it's a real existential question. if you're the management of hca, the owners of hca, you are really in the position to make a killing. it is a tough question for shareholders. and tha

just so happens the buyer is michael dell. david: dell has stuff besides pc. but there is the demise of pc, everybody going mobile. but perhaps it is premature, there is still some life in the pc market, that is what this seems to show, right? >> i agree. if you look at the laptop business, you can find some nice high-performance laptops for cheaper than an expensive tablets. we have to wonder, at some point consumers are going to figure out what they are getting for what amount of dollar and i think you will see some of that slip back into the pc space. plus you are seeing apple, everybody claw at him, that will be a real problem for apple and bracing for a lot of the pc makers. in truth, microsoft. liz: ashley, don't know if you can see from where you are, what their pc business did, it has been under pressure, i am not seeing it on the wire. >> there was consumer revenue off by 24%, but other than that there hasn't been a whole lot come down. liz: storage revenue. david: we will be going back to mark sebastian, both of which are due to report within this ho

in terms of verification of this value and this market, the $24.4 billion buyout of michael dell is noplate. dell has to borrow a ton of money. he's got backers much bigger than his personal war chest. he's got microsoft on a couple billion. silver lake a very shrewd private equity firm with a record of investing in out of favor but solid technology companies with good cash flow trying as much as $15 billion. i can't think of a better affirmation what that could be worth and what an in-your-face sign that the personal-computer portion of technology has a few innings left in the game. how about companies that already have a problem? what do we do with those? are they being bought? are these valuations stretched as the younger analysts have repeatedly told us? take virgin media, a company when i was looking at the charts, that's a gigantic european cable company. stock trading $21 a little less than a year ago, closed at $38 and change yesterday. isn't that too much of a run? >> isn't that a stock worth selling? knot if you are john malone, the dean of the cable industry. in this company

>> it is interesting bu in a lot of ways it validates what michael dell is trying to do. the server and networking business is where he sees the future, 42%, 18% year-over-year, as you said. and then you have the mobility side and the p.c. side, which is continuing to erode. so if you kind of have the pallet to suffer through the short-term losses, then you could see some longer-term opportunities. but the real question is: if you were to then shed this hardware side, what are you going to do with this great enterprise business because they were trying to target the commercial hardware business, and sales were continuing to erode there because people are bringing in their own devices. so you can't really have an enterprise solution for people's personal devices. it just isn't going to work. you need to be able to hold on to that. >> tom: the company of two sales, the server business and networking business doing well, but it is the traditional business under pressure. what about dell's share price on the stock? do you take a flier on this, carr, thinking that michael dell

. >> susie: and michael dell could be taking the computer company that bears his name private, as soon as this week. a look at what going private means for investors. >> tom: that and more tonight on "n.b.r."! >> susie: entirely without legal merit, that's what standard and poor's is calling a potential lawsuit by the department of justice, for s&p's mortgage bond ratings ahead of the financial crisis. these charges come five years after the financial crisis and would be the first alleging illegal behavior by a major ratings agency. as darrensh ger reports g, s&p is fighting back. >> reporter: what took so long? that's the reaction from critics who have long argued standard and poor's gave a stamp of approval to flawed mortgage securities that helped bring on the financial crisis. >> it has to do with the unique role that ratings agencies play in the entire system of selling and distributing securities and the claims that they made about their role for which they were paid handsomely. >> reporter: in a statement, standard and poor's said the justice department's lawsuit had no legal or

. >> susie: and michael dell could be taking the computer company that bears his name private, as soon as this week. a look at what going private means for investors. >> tom: that and more tonight on "n.b.r."! >> susie: entirely without legal merit, that's what standard and poor's is calling a potential lawsuit by the department of justice, for s&p's mortgage bond ratings ahead of the financial crisis. these charges come five years after the financial crisis and would be the first alleging illegal behavior by a major ratings agency. as darren gersh reports s&p is fighting back. >> reporter: what took so long? that's the reaction from critics who have long argued standard and poor's gave a stamp of approval to flawed mortgage securities that helped bring on the financial crisis. >> it has to do with the unique role that ratings agencies play in the entire system of selling and distributing securities and the claims that they made about their role for which they were paid handsomely. >> reporter: in a statement, standard and poor's said the justice department's lawsuit had no legal or fa

critics say michael dell isn't much of an innovator so he'll never turn dell into an apple or samsungll relies on hardware sales, pc, servers and the like for more than half of its revenue. public or private that makes dell behind the curve in today's tech market. and it's not a done deal yet, carol. shareholders need to give their approval for it. right now shares have been halted for trading on this news. carol? >> interesting, alison kosik reporting live from the new york stock exchange. >>> music's biggest night just days away. who is teaming up with bruno mars? i know you're dying to know that. a.j. hammer has the answer. [ woman ] my boyfriend and i were going on vacation, so i used my citi thankyou card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? and with all the points i've been earning, i was able to get us a flight to our favorite climbing spot even on a holiday weekend. ♪ things are definitely looking up. [ male announcer ] with no blackout dates, you can use your citi thankyou points to travel whenever you want. visit citi.c

the founder, michael dell, and silver lake are planning a $24-billion buyout that would take the company private. dell's third largest shareholder, t-rowe price group, believes dell is worth more money. the second largest shareholder, southeastern asset management, also opposes the current dell deal, along with at least six other investors. michael dell is in the process of shopping for better offers. starting today, shoppers can "tweet to buy." american express and twitter are teaming up for a social media shopping experiment. twitter users can now make a purchase just by tweeting a certain hashtag. it has to be linked to an american express account. the strategy will specialize in "flash sales" with certain products. the toy industry is going retro. today wraps up this year's american international toy fair, and we've learned that when it comes to toys, what's old is new again. cabbage patch kids, fraggle rock and my little pony are all making a comeback. companies such as hasbro are re-launching brands to market popular playthings of years past to younger children. toy sales slipped i

i think the strategic relationship between michael dell and microsoft is core to whether this is going to work or not. for existing shareholders, if you've been sitting in dell for three years, until recently, you were probably the same investor that didn't want to invest in apple and had your moment for the last half of the last year. remember, an awful lot of technology people didn't believe that apple was going to get into any of the technology areas that it did. >> michael dell included. >> michael dell included. as a consequence, he knows computers have been mobile, he knows there are tablets and smartphones, he knows there's no reason to compete there because he's never going to be able to make the money on the margins. i think investors who are lamenting the fact that -- the buyout, like, well, you know what, you got an uplift, premium on an investment in a company that will still be around. you know, you put your money into silver lake. put your money into microsoft. if you want to leverage that trade, you've got publicly listed vehicles or access to listing companies that you

the report will be likely overshadowed by a proposed deal from michael dell and a pitch from investorshe company private. >> here to talk about that deal and a preview of dell's results our own jon fortt and andrew tawnor. where does the deal stand in it's been criticized by high-profile shareholders for lowballing dell's value. >> it's on shaky ground. you can see multiple large institutional shareholders saying they are very much opposed to it and looking at the price that michael dell is proposing with this buyout i can't say that i blame him. >> what are you looking for in terms of talk, jon, today, in the earnings call in terms of talk about this deal? michael dell obviously hasn't spoken about it and we haven't heard from the principles involved. they got to address it tonight, right? >> yeah. they got to be careful though. in a way dell doesn't want too big a surprise to the upside or the downside. >> right. >> if there's a downside surprise, people will wonder are they trying hard enough. if there's an upside surprise, then the opponents of this deal say here's the evidence the

and dell has been trading above the lbo price that michael dell is offering.uess the question is, is the conference call offering any gl glimmers of hope and maybe another deal can come in, however unlikely that may be? >> i think that's so, so remote that another group -- that seems almost impossible. we have an expert on later, but i want to ask a question about, is this sort of shareholder revolt enough where some say, no deal is better than this deal. >> is there any reason to be in dell? >> i don't see any better reason. >> does this make you feel better about hp? >> not really. we've been on hpq since the autonomy announcement. but i go back to a couple of weeks ago, $17.32 high on monster volume. it needs to get above $18 for the next leg and i don't think it's going to happen. >> it's not just dell that is facing a possible deal. companies are buying each other, with office depot and office max the latest to hit the wire. joining us now is keith moore, event-driven strategist at mkm partners. keith, great to see you. >> hello. great to be back. thank y

. >> i thought you would say michael dell. >> the first thing is they lay on a huge amount of debt andestructure the company. hewlett will take advantage of that. and they buy printer engines. that drops costs a lot. the fact the euro moved up helps the european sales. if you value them like dell is valued, you can end up with a share price in low 20s. blackber blackberry loser's valley, i think like palm that just got taken out. >> and pete and mike and steven-wise will be holding down the fort in new jersey the next hour as well. dan raises an interesting question we sat here and expected these large cap technology companies to do better. maybe the better bets are elsewhere, you need to be especially nimble, a better stock picker if you're investing in tech. >> i agree, other than qualcomm off today because of a downgrade, it is name specific. if you were in apple the last couple of weeks or months or more you're not very happy and dan says blackberry looks like it's temporary but blackberry has given themselves an opportunity to get back into the game and nokia doing the same thing

market since michael dell founded the company 30 years ago, the question now is what shape dell will take as a private company. >> tom: susie, dell shares followed the broader market lower. let's get going with tonight's "market focus." >> tom: stocks were lower after hitting five and a half year highs on friday. the s&p 500 was under pressure from the opening bell. the selling picked up into the closing bell. the index ended lower by 1.1%. volume fell from friday's pace. 693 million shares traded on the big board. under 1.9 billion moved on the nasdaq. the technology sector saw the biggest drop, falling 1.6%. the financial and consumer discretionary sectors were down by more than 1% each. weighing on the market this afternoon was the news we reported at the beginning of the program: the possible federal government civil lawsuit against credit ratings agency standard and poor's over its handling of mortgage bond ratings during the housing boom. s&p 500 parent company mcgraw hill fell about $7 per share in an hour and a half. it finished the day down 13.8%. the stock's worst single da

, it's possible they can't get rid of michael dell unless michael dell agrees to go which is extremelye math makes sense here. that eventually the way silver lake and maybe even microsoft get out of this eventually is by selling to michael dell. and you know, he gets control at the beginning and he just keeps amassing control as it goes on. i don't see another way out necessarily for silver lake. so maybe that's how it works. the two things we didn't know two weeks ago, andrew, one was that microsoft might put in $2 billion. that was a huge equity gap that they fill. and michael dell obviously has billions and billions of dollars he can put in and apparently he's willing to put in all that money in addition to his own shares roalding over. >> stay where you are. let's bring in the equity analyst at morning star. does this deal make sense to you? >> no, i think it does make a little bit of sense in terms of really low-key ratios of which dell's been trading recently. if you look at the software to hardware mix, it's not too great right now. dell spent about $10 billion in the last coupl

stuart: it's a done deal, dell entered into an agreement to be a -- acquired by its founder michael dellll is virtually unchanged because it was expected. apple's new fourth generation ipad, with that high resolution display, available today. the new ipad 4 has 128 gigs at stores, costs 799 and the stock is up a buck. that's it. on its ninth birthday facebook continues to fall from the $30 a share mark, but shares still 6% up for the year. back to 28.25 on facebook right now. stocks suffered the worst day of the year in yesterday's trading session, rallying today though, went above 14 k very briefly. now at 13,996. coming up, payback maybe from the justice department to the s&p. we will hear from the judge on that. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. all your imptant legalatters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. s

michael dell and an investment company are buying the trading company. dell's profits have faded and this could be michael dell's plans to restore the company to its former glory. >>> a man is accused of trying to snatch up a girl that was riding a bike. the man cursed at her as she was peddling down emerson street. then as she got closer she say it is man crossed the street and tried to snatch her up. he grabbed her arm and she screamed that's when she got away and ran home. >> we're going to take any report like this seriously. >> reporter: police responded to the area but did not find anyone. police say they have not received any similar calls. >>> five companies are bidding to build the first leg of california's rail system. but they will also be handing over millions to the four firms that lose out. eric rasmussen is here with a controversial strategy and how some lenders are defending it. >> they say they can get a lower price for this huge project by offering a $2 million stipend to each of the losing companies some call it an example of governmen

michael dell cared, and now he's in a huge fight over pennies on the dollar. dell will get his man, because alas his man is dell. virgin media, third biggest deal of the year is once again emblematic of the flaw of the sell the rip strategy, virgin had already ripped and ripped big before it got its bid from liberty. the odds-on move would have been to short this stock, especially in light of weakness at news corps similar properties. who's to argue with john malone? that's like arguing with michael dell or warren buffett. a trio of billionaires. certainly no more than i want to argue with billionaire rich kinder, who is taking advantage of the market's ridiculously low valuation of oil in the ground versus what you're paying at the pump. in order to steal copono, or maybe you want a slugfest or give a lecture to larry ellison for his bizarre purchase of acme packet, a telco stock that had been a free fire zone stock for as long as i can remember. it had been a virtual short sell. i don't feel like arguing with ellison any more than i want to argue with kinder

michael dell and an investment company are buying the trading company. ell's profits have faded and this could be michael dell's plans to restore the company to its former glory. >>> a man is accused of trying to snatch up a girl that was riding a bike. the man cursed at her as she was peddling down emerson street. then as she got closer she say it is man crossed the street and tried to snatch her up. he grabbed her arm and she screamed that's when she got away and ran home. >> we're going to take any report like this seriously. >> reporter: police responded to the area but did not find anyone. police say they have not received any similar calls. >>> five companies are bidding to build the first leg of california's rail system. but they will also be handing over millions to the four firms that lose out. eric rasmussen is here with a controversial strategy and how some lenders are defending it. >> they say they can get a lower price for this huge project by offering a $2 million stipend to each of the losing companies some call it an example of government

can michael dell, silver lake, manage it playcate that, or do they even have to?ow far does the revolt spread over the next cupping days. >> i don't think this is the end of the story. >> vice whar janet says progress in restoring the job mark set slow. but there is progress nonetheless. in a speech going on at this hour, the increase on the jobless rate since the financial rate, has been largely cyclical, not structural. the improvement will restore proper labor market functioning but that will be a long road back. and she says the fed's policies have helped and will continue to do so. well, is it a pause, pull back or will this is rally continue? what investors are wondering about today includes the earnings picture and much, much more. joining us to talk about that is barbara reinhardt. she is from credit suisse banking america. welcome back. >> thank you. nice to see you. >> let me back step to ms. yellin a little bit. if you read the comment the way i interpret them, anyway, it is an indication we won't see the job market move quickly back into the target ran

michael dell just has too much pride in the brand. >> we'll leave that there. so we've been talking budgets and taxes and politics. now i have a money politics question. is the spending cuts sequester bullish or bearish for stocks? let's well in our panel. art hogan, michelle caruso-cabre caruso-cabrera, along with mr. shactman. let me go to art. bullish or bearish? there's a debate. some people think the sequester will be terrible for the market, others think it would be good. >> spending cuts are spending cuts. whether we decide to make surgical spending cuts and actually start cut beiting spen or whether it's forced on us, it's a positive. no two ways around it. either way you slice it, it won't be bullish while we watch the gldrama going on in washington. but at the end of the day, we'll cut spending. >> $85 billion is the number for 2013. $3.8 trillion is the size of expected spending in 2013. why is that such a big deal? >> i asked the very same question. we spend $100 billion more per month than we bring in and they're talking about cutting spending of $

some years ago michael dell suggested that the founder of apple, steve jobs, should close apple and give the money back to shareholders. the share price for dell has moved down quite sharply, looking to give money back to shareholders, turning the company back into a privately owned company. later today they report their earnings and if the buyout is successful, analysts say that his motivation is simply to get back control. >> ultimately i do not think he would be taking this company private. his name is on the door. it is on the computer. and he is opportunistic. at this point he will be glad to take off the hands of shareholders. >> meanwhile, the world's biggest hotel group has reported a rise in profits. inter-continental hotels made $640 million. the owner of several well-known brands, including holiday and, did see a marked slowdown in business at the end of the year. they own 4.5 -- 4500 hotels around the world. the boat -- they said that it was because of their diversification. >> the u.s. and china are our biggest markets. the u.s. has done well. europe is low growth. that is j

that is because of the deal michael dell is going to be moving forward. obviously, we have been talking about this. microsoft putting up $2 billion in this deal. silverlake also moving forward. it is something that we have been following. today is the day that it is actually moving forward. that is why you are seeing it right around the same price. let's take a look now that there it is, 14,000. drugs, retail and bank stocks doing well. the dollar is doing while. we have gotten some economic news as well. we have been watching it over in europe and china. that is what we are taking a look at. dagen: thank you. connell: the dow hitting 14,000 with nicole on the air. this is a snapshot of just how bad our deficits are going to be over the next ten years. dagen: rich edson is live in washington, d.c. rich: $1.1 trillion, that was our deficit for 2012. this is the most recent projections by the office. this year, a budget deficit -- the decade production was $2.26 trillion. these numbers will be much different. much worse. it must examine the budget as if con

one is do we believe, and there have been analysts out there who said it, that ultimately, the michael dell with more money. do you think that happens? >> well, clearly there are a good number of people that think that. dell's shares have been trading above the buyout price. but we don't think that. there's a couple of reasons. one, we don't see the shares going up because we don't see a new bidder coming in and bidding up the price. secondly we don't think that michael dell and silver lake are going to want to take on additional capital given the expensive costs if they don't absolutely have to. $15 has been thrown out there. but, there's no indication that that's going to materially increase the probability that the deal goes through. given the dissent. companies like southeastern putting $24 valuation. >> is this a good deal for shareholders? would shareholders be better off letting michael dell try to pursue whatever strategy he plans 20 do in private, to do it in public, and would shareholders be content with that? >> i think that shareholders are best off accepting the buyout price. w

the struggling computer company announced an almost $25 billion buyout on tuesday led by founder michael dell. it would be the largest deal of its kind since the great recession. dell hopes to complete the transaction by the end of july. >>> the justice department says they've broken up one of the biggest credit it card fraud rings of all time. 18 people were arrested tuesday accused of creating fake i.d.s to steal over $200 million. the ring operated in 28 states and several countries where the money was used to fund lashish lifestyles. >> a man who found a rare baseball card at a yard sale in maine is about to become very rich. there are only two cards like it in the world. the card is hitting the auction block today and is expected to reach at least $100,000. >>> and mvp joe flacco got the keys to a corvette with a huge tax bill. the car is worth about $60,000. if he decides to keep it he'll have to pay about $25,000 in taxes. don't worry. he can certainly afford it. he's a free agent and can expect to make about $20 million. what a problem to have. anne-marie? >> thank you, ashley. >>> th

michael dell said today he's taking the company he founded almost 30 years ago private. it's a $24.5 billion deal offering dell investors $13.65 per share. now, at one point, dell was the largest p.c. maker in the world, boasting market capitalization of more than $100 billion. now, it sits behind apple, hewlett packard and lenovo, valued a fifth of what it once was. ruben ramirez begins are coverage. >> reporter: michael dell admits he missed the consumer shift away from the p.c. to tablets and smartphones, but today's announcement his company is going private doesn't necessary address how dell is going to try to capture

they said the deal spearheaded by michael dell and private equity firm silver lake partners offers the best value for shareholders. three more of dell's largest investors are joining southeastern asset management. they believe the deal undervalues the company. david, we had this discussion on day one. it's been a while since it's seen $20. but it seems that's what they want. >> the buy outprice could make you to hope in some way you can at least get back to even. >> always bit a risk when you do a deal. even as it may be for a company that is facing challenging times, that is below the 52-week high. we knew it would likely be at that level. my reporting, and experience on these matters, would indicate really best to see and wait. let's see what happens over the next four, five, even six months before this deal closes. if the s&p were to rise significantly, it might perhaps make those who are against the deal braver, because they would feel the down side would be less than if they were to reject the deal. in terms of the recommendations that they give the institutions who follow them, n

michael dell, taking his company private to try to bring back these glory days. de, you're getting a dell. >> that was stephen, receiving dells back in 2001 when you could get six months of dialup interview for $999. actor ben curtis hasn't done much after being fired. hey, that's maggie grace from "lost." now curtis wants his old gig back. he said, guys, go crazy if you want me back. but he gave outherong account. dude. >> you don't know how you trade that. i like the "lost" aspect of it. at the end of the day, this company doesn't have a shot of ever becoming cool again, so, i don't know -- >> nor does ben curtis. sorry. >> less of a shot if they bring him back. jane? >> exactly. i mean, come on. he's better than jared. >> not the same. >> stop. >> speaking of losing weight and he did a great job, jared's kept the weight off, we're so happy for him. >> i'm not sure. anyway. >> weight loss business, which is putting a lap band around growth. hopes to sell off the segment in the first half of this year. earnings reported this morning missed expectations, but botox

i'm not sure michael dell can get his money back. i think this will be a hard deal to pull off, don't you think? >> you think even to get the deal done? >> no, they'll get the deal done. i'm saying five years from now, is he going to be happy, is he going to be sad? >> ur use saying the turn around is going to be difficult. >> extremely challenging. >> so your point is that those complainers right now ought to take what they can get right now? >> yes. i don't know how many better that quickly. he was brilliant as creating a prices change. but when it comes to exchange, with they thaelt involve that? >> silver lake, they bought it for peanuts. if there is value here, if i'm michael dell, i would rather buy it and have it as mine instead of sharing it with the company. and think what he could make on this if it works out. he's worth $4 billion or $5 billion, so i probably makes rike $250,000. >> and he may do great with this. the question is, are these shareholders willing to sit around and whit? >> it's unfair. >> but i remember his w

however, bad news could be far for advocates of a looming buyout between michael dell and silver lake private equity. >>> a 75-year-old indiana farmer and agri giant monsanto. the company is suing over patent infridge -- infringement over soybeans he bought from a secondary source. >>> somebody hacked burger king's twitter account posting profane messages. no word on who hacked the account. the burger chain replied later in the day tweeting interesting day here at burger king but we're back. welcome to our new followers. >>> this afternoon, boeing's engineers expected to reject an offer from company management. it could result in the strike of 4,000 workers. the plane maker is already under the gun to resolve battery problems that grounded its new dreamliner fleet. >>> and it's that time of year again, the girl scout's annual assault on your new year's diet resolutions is in full force. and now the group is making it even easier to get your thin mint fix with the new cookie app to help you find the nearest cookie sale location. thanks a lot, girl scouts. >>> coming up, whale watchers

the deal is being led by the company's founder michael dell and the investment firm silverlake. the mail on saturday a you may have to wait a long time. the u.s. postal service announced it will eliminate saturday mail delivery beginning in august because of the red inc. to the tune of $16 billion last year at the post office. congress has to approve the measure which would save $2 billion a year. the force is with "star wars" fans everywhere. disney which now owns the franchise says there are more movies on the way. the ceo said to expect the first film in 2015. >> in fact, we are working on films derived from great "star wars" characters that are not part of the overall saga. we still plan to make "star wars 7, 8 and 9". >> and new york times columnist and best selling author paul krugman's book "end this depression now" is in paper back. good to see you, paul. >> good to see you. >> let's start with the debt and deficit. this is front and center as part of the international conversation as it may be. the cbo, congressional budget office, came out with new projections that sho

why does michael dell go private? michael dell, they make money. as much money in the past. they have to retool. melissa: you need to reorg some way and you outlined. >> can you reorg at a public company with quarter after quarter of pressures by reporters to perform but your shareholders. melissa: the tiniest cut the stock is back too 2008 highs. that is only thing goes against the whole private equity idea. you hate to come in when something is pretty expensive. >> all the stock exchanges went up on the -- nyse. >> nyse-ice deal. they're all theoretically in play. when you talk about price that might have been the sticking point still a deal's a deal. my view this thing isn't just price. i don't know for sure. my gut, it is bob wants to be independent. i don't blame him. he built that place in a lot of respects. he built the modern nasdaq. what is nasdaq right now? omx. in order dick exchanges, the philadelphia stock exchange and bo boston stock exchanges. that is the modern nasdaq. he feels he should be running it in some way. melissa: charlie g

ceo michael dell established the company in 1984.e said he will acquire the company with an investment fund and in partnership with microsoft. the software giant wil invest $2 billion in the deal to forge closer ties with the pc maker. dell expanded his business through a produce to order system that required no inventory. his company was once the world's largest manufacturer of personal computers. but the popularity of smartphones and tablet computers put pressure on his firm and its share price tumbled. dell says the buyout will allow him to turn his company around without subjecting shareholders to market fluctuations. the deal is set to close this summer. >>> fewer drivers in ufrp have been heading to dealerships to buy vehicles lately because of the region's fij troubles. but the auto market in russia is in high gear. new vehicle sales last year topped 2.9 million units, closing the gap with the largest european market, germany. people from vladivostok, who work in the industry, have long lived in the shadow of those from moscow