blackberry is not new. nobody is waiting in line for a new blackberry. >> blackberry has the most secure network everyone turns to. >> it's not a coincidence, this stock took a nose dive when apple comes up. people see this is it. >> that's old news. >> it's going to happen next year. blackberry will have the same scenario. >> can the stock pop going into november? >> here's what i would say on blackberry, one of the places people are jumping in on the stock, they look at sum of the parts basis. if you feel the hardware is off the table, what is the bottom for the enterprise? what's the value of that business? where will the stock find a buyer that thinks it's worthwhile? i would not be jumping in here on this, having said that, there are definitely people circling the wagons. >> would you buy blackberry? >> it's not a cop out. i think you have to let it shake out. >> you don't get shorted here. >> you can't short it here, my opinion. >> let's turn to the broader markets here, wild week for stocks after the

this on the day that apple begins a weekend in which is expected to sell over 6 million of its new blackberryve one. now look. a desperate bid to try to find somebody. adam: reading about blackberry. don't worry. nicole still has a blackberry, and everyone laughed. the great product. that looked for strategic options to try that solemn self at least in parts. it is not doing it on its own. >> reporter: and that is the big picture. adam: to resign to take a listen by eight. we will be watching this with you. thank you. let's get to something else. you think you have the fed and the debt ceiling to worry about. think again. the german elections this weekend could have a huge impact on your portfolio off. which companies may be in trouble. we are going to bring in this ceo of fire axe, a company that helps companies set against foreign currencies. is that accurate? >> that is what everyone is worried about. the way that the german elections were to deny actually elect elected to the estates that this year is that the christian democrats which is the party of marco will likely or it looks like ri

blackberry shares are again halted for news pending. the shares did finish before the halt down we'll call it about 5.5%. again, bbry, blackberry shares halted. no news yet but we know it's a news pending situation. tyler, we'll bring you more details as they become available to us here. back over to you. >> all right. thank you very much. keep an eye on it for us. >>> the countdown to christmas is on. 92 days ten hours, 34 minutes, 53 seconds. walmart announcing it is hiring 55,000 seasonal workers for the holidays. world's largest retailer transitioning tens of thousands to full-time position. it's an important season for walmart. the company has missed wall street estimates in recent quarters because its core lower income customers in the u.s. have been battling high gas prices, uncertainty over jobs and stagnant or falling incomes. walmart shares up 40 cents right now, half a percent at $76.23, up about 11% so far this year. sue? >> ty, starting today, for the first time, private companies including hedge funds and private equity, ca

some others did today, banking on strong sales of theñr new iphone. >> and with sales of the new blackberryit was easy to overlook the product launch from microsoft. the new surface pro 2 was unveiled today, coming with a much longer battery life, powerful energy-saving chips and a full version of the upcoming windows 8.1 operating system, railing for $899. now, there is also a cheaper version called the surface 2 for about half that price. >>> on wall street, the major averages closing lower for the third session in a row. traders worry about fighting washington lawmakers as they try to hammer out a deal on the federal budget and a debt ceiling, all of that amid the looming threat of the government shutdown a week from today. the nasdaq was down nine, despite getting lots of help from apple, and the s&p by eight. >>> as sue just mentioned, the possible government shutdown is a week away, and the big question is are lawmakers any closer to reaching a deal that would keep the government running or is it looking more like a stalemate? john arwood has more on the budget shutdown. >> i don't th

blackberry is cooked. when i first heard the news i needed some quiet time. i love blackberry.ack to the days when it didn't have competitors, because it was the innovator. the company first released a two-way pager all the way back in 1999. they called it blackberry because the see board resembled the knobby bits on the fruit. in 2003 they released what we now know as a smartphone. but all of blackberry's early innovations came long before the iphone. blackberry was the early leader. it could have been all of that. and today's news is confirmation of a dream unrealized. >>> tuesday on "real money" how much you pay for prescription drugs under obamacare. i'm ali velshi, see you then on "real money." >>> they lived the american experience, legally, though, they are outsiders. young people from asia, africa, and the caribbean, now dare to dream when it comes to immigration reform. ♪ >>> they grow up hiding in plain site. a diverse group of young people who say they feel invisible whenever immigration policy comes up for discussion. roughly 27% of

break news on blackberry. the stock has been halted on news pending. t to seema. >> blackberry announcing preliminary second quarter fiscal 2014 results. blackberry was expected to report results next friday. here are the numbers. they see q2 loss of 47 to 51 cents ex-items. revenue see revenue seems to be coming in short of expectations. nearly half of what the street was expecting. so, that is why shares were initially halted. you can see the stock down about 2%. maria, back to you. >> we're going to watch the stock. it's still halted. as soon as that stock opens, we'll go back and give you the more -- continued details on the blackberry story. meanwhile yesterday, the renowned cleveland clinic announced it would cut jobs and cut about 5% from its budget to prepare for the new health care law. joining me now to explain why, talk more about the environment is the ceo of the cleveland clinic, dr. toby cosgrove. good to have you on the program. >> thanks marks rhea. >> can you walk through how you've been preparing for the legislation, the cuts and what

tom vacar, ktvu channel 2 news >>> blackberry announced a major lay off today, the company says they'll be cutting 40% of its work for blackberry reported of nearly 1 million of loss. >>> wall street fell back today, dow dropped of 105 points and nasdaq lost 14. the turning point -- president obama today offered criticisms of republican accusing gop lawmakers of holding the country hostage of the healthcare reform. >>> the president was at a campaign style event at an assembly plant near kansas city. the republican passed the spending bill to keep the government running. >> they're not focused on you. they're focused on politics. they're focused on trying to mess with me. >> [ laughter ] >> there you go! they're not focused on you. >> congress must pass the budget by september 30th. democrats say they'll strip the healthcare provisions from the bill. >>> the second month in the row that it is done that. from 8. 7 in july, the state says the rn why is not entirely clear, the unemployment development says more than 1. 6 million of californians are out of jobs. >>> target says they'll hire

to follow up on our breaking news, blackberry shares are halted. y is involved in a deal worth $4.7 billion with fairfax financial. that equates to $9 per share cash. send it back down to the floor of the new york stock exchange where nicole petallides is also following developments on blackberry for us. nicole. >> we knew this is something we were following pertaining to blackberry concerning options and seeps like a good one or i shouldn't say it is a good one. $9.7 billions offer. black per entered into a letter of intent with fairfax financial. there will be termination of fee of 30 cents. they do also have the option for the go shop period for blackberry. this is the, latest that we are getting here, pertaining to this fairfax financial. so blackberry is in the transaction now and entitled to go shop period. the shares have been falling close to 6% prior to this we know that blackberry struggled in the latest quarter. announced they were firing 4500 workers and had been under intense pressure with a write-down of likely $960 million. we'll see

today on the news blackberry took a beating with shares plunging 17%. >>> meanwhile it looks like apple has regained some swagger. ing getting their is hands on the new apple smartphone, apple 5s will be available in seven to ten business days. customers looking to buy the gold iphone 5s will have to wait until october. threats about defunding obamacare but we're going to tune out the political noise and tell you the price you will pay to buy coverage and why the same plan would be twice as expensive in one state compared to another. that, and more, when real money returns. >> awe you've heard there's so much preliminary noise in washington surrounding obamacare right now it's hard to keep track of the real law. real money brings you what you need to know. the account is down. in october, david arioso joins us to look at the rates some americans can pay under obamacare. >> thanks david. in 11 days obamacare's health exchanges go live. we've told you about what they cover but what about the price? that's going to depend on a number of things so here is a little primer, on what to expect

in business news, blackberry has workers worldwide, cutting its workforce by 40%. the company says it expects to report losses of more than $950 million when it publishes figures for the quarter that finished in august. close tocome, too call, the german election comes down to the wire. the latest on the campaign trail. stolen on an industrial scale. that is how a new report describes the theft of crude oil in nigeria, a massive criminal enterprise that has effects around the world. we have the details of this practice. >> whoo! >> armed and ready for action. the soldiers are often patrol the creeks of the niger delta. top security is needed because this is where much of the country's oil is stolen. it is estimated nigeria lost about 100,000 barrels of oil every day of this year's first quarter. it is a lucrative business for oil thieves. they break into pipelines, siphoning oil, which is sold internationally. close to home, some of the stolen crude is processed in makeshift refineries to be sold locally. many in the niger delta are extremely poor despite the wealt

. >> in business news, blackberry glory days maybe behind it. the former smart phone king is now going private. the company reached a tentative deal to sell to canadian insurance firm fairfax financial, the price tag, $4.7 billion. the move comes after the company warned friday it lost $1 billion this quarter because of unsold phones. it also said it was cutting 4500 employees. >> crystal meth is one of america's most dangerous drugs and even though the number of meth labs discovered across the u.s. has dropped slightly over the last two years, the problem is growing in tennessee. we report from nashville. >> despite strict state laws, tennessees crystal meth amphetamine epidemic may be getting worse. >> it seems every time law enforcement fights it, the odds of against us. >> for the first time in years, tennessee is on track to top missouri as the state with the highest number of meth lab busts. more than 1200 labs have been shut down statewide, 750 people arrested. >> we don't know why it has become such a major issue for our state. >> meth i

in business news, blackberry has workers worldwide, cutting its workforce by 40%. the company says it expects to report losses of more than $950 million when it publishes figures for the quarter that finished in august. close tocome, too call, the german election comes down to the wire. the latest on the campaign trail. stolen on an industrial scale. that is how a new report describes the theft of crude oil in nigeria, a massive criminal enterprise that has effects around the world. we have the details of this practice. >> whoo! >> armed and ready for action. the soldiers are often patrol the creeks of the niger delta. top security is needed because this is where much of the country's oil is stolen. it is estimated nigeria lost about 100,000 barrels of oil every day of this year's first quarter. it is a lucrative business for oil thieves. they break into pipelines, siphoning oil, which is sold internationally. close to home, some of the stolen crude is processed in makeshift refineries to be sold locally. many in the niger delta are extremely poor despite the wealt

however, if i were used i would not buy a new blackberry and told we see how this unfolds. >> reporter: the surface tablet revealed by microsoft with a better camera and building kickstand and two angles of dealing. starting at $450. lastly steve jobs were built to become a protective historical site. the grosz that belong to the jobs family was the birthplace of the first apple computer. gabe slate crime for a new spirit >> pam: was a dq worker does that has people lining up on to say thank you. some teens who trashed an ex-n-f-l player's home are saying their sorry. >> gary: highlights are coming the day after the aldon smith of the situation he was on the field and a lot of people disagree. forty-niners what do you have to say? at farmers we make you smarter about insurance, because what you dont know can hurt you. what if you didn't know that it's smart to replace washing-machine hoses every five years? what if you didn't know that you might need extra coverage for more expensive items? and what if you didn't know that teen drivers are four times more likely to get into an accident

after the news, blackberry stock fell as much as five- percent from its peak yesterday. the company has failed jump- start sales despite releasing new phones and >> >> watching wall street this morning. futures trading shows all three indexes in positive territory this morning. investors are cheering the federal resevre's surprise decision to keep its economic stimulus program in place. that sent the market to a record high yesterday. here's a look at the closing numbers. the dow closed up 147 points closing at 15,676. the nasdaq rose 37 points. and the s and p 500 climbed 20 points ending at 1,725. opening bell today at 6:30. >> the gop-controlled house is cruising toward a vote to cut president obama is health care plan as part of a temporary funding bill to prevent a partial government shutdown on october 1st. while raising the possibility of a government closure, the latest gop plan is actually aimed at avoiding one. senate democrats have opposed to strip off the health care provision and kicked a stop gap measure right back to the house. >> and the man who created o

blackberry, big lose other the day. seema watching this stock sell off all day with the news of massive layoffs and pretty good loss there. over to you. >> that's right. shares of blackberry tanking after announcing preliminary second quarter results. the numbers well below street expectations. keep in mind, this is after analyst already lowered their estimates due to last quarter's disappointings report. company citing increased competition in smartphone space. blackberry shipments of just 3.7 million for the second quarter. blackberry even with new smartphones, the q10e and z10, which it rolled out, have been struggling to keep up with apple and samsung, both of which dominate this market. other headline restructuring plans, including reduction of approximately 4500 employees, cash on books decreased to $2.6 billion. shares down about 17% on the day. the question now, will these disappointing results make it even harder for blackberry to find a buyer. maria? >> thank you so much. james brem is joining us on the telephone, senior strategist and consultant with compus intelligence who met with blackberry last week. great

with the market down 40 points on the dow, we have a buyout for blackberry in the news today. big story. >> a huge one, maria. a $4.7 billion deal. that's what fairfax financial is offering to take over blackberry at. that's $9 per share. fairfax financial is already the biggest shareholder. can you see by the intraday chart here. that right there is a plus 9% move on the announcement of that particular announcement. the real issue is if we see another bid come about. we're back to nearly unchanged. a lot of investors not convinced about this $9 deal. you can see over the past few years, this is much more of a worse story for blackberry. overall we know the board and blackberry are trying to seek financing from banks of montreal, as well as bank of maryland, merrill lynch and a lot of deal shakeup talk to talk about here. blackberry is now drifting back towards unchanged on the session. back over to you. >> thank you. much more ahead on blackberry throughout the program. meanwhile, 50 minutes before the closing bell sounds. a market down 40 points. >> apple doesn't seem to have

became this really fun attractive device that lots of other companies tried to mimic and blackberry lost out in that new market. >> brown: just to give us some perspective, where was blackberry, say, five years ago in that market? >> blackberry was the most popular smart phoning maker. across the world its market share was in double digits and it was really profitable and doing well in the stock market. it was the equivalent of -- as success afl tech company as is possible to be that was blackberry. so at the top of its game around the time the iphone came along. >> brown: when people look and talk about what happens to a technology company that goes from the leader and drops, in this case what was it? was it just a bad bet on who it would be popular with? or what happened? >> i think what happened is complacency. blackberry had become addicted to a single way to sell its devices. the way it sold its devices was that it had relationships with it managers at big companies and those i.t. managers issued blackberry's phones to their employees. and that was an easy way to sell phones because i.t. managers h

>> well, it might be related to the latest on blackberry, as you mentioned, is more bad news. a manufacturing partner mentioning last night they might back away from the company, and t-mobile's no longer going it carry blackberry inventory in its stores though you'll be able to order onloin. a t-mobile executive saying the only people interested in blackberry are business professional. t-mobile is the smallest of the major carrier. the biggest players, at&t and verizon have both told had he they're still carrying blackberry inventory in stores. shares today trading as you mentioned well below 8 bucks i hair. fairfax financial holdings is offering 9 bucks a share to take the company private. all this comes after the smartphone maker on friday warned that its net operating loss would be far steeper than wall street expected between 950 and $995 million as consumers turn up their noses at the company's new blackberry 10 phone. the company is also poised to cut 40% ofity staff, around 4500 workers. so where's the company go from here? some suppose it might be sold for farther. one

blackberry is unveiling the new smartphone, the z30. grand theft auto five is nearly $1 billion on sale on the first day of release on tuesday. >> covering cupertino, concord, wine country and all bay area this is abc7 news. >> on this thursday morning, a look of the camera toward san francisco. you can see the bay bridge and the lights. we will look at weather and traffic coming up in a couple of minutes. >> fremont police are asking for the public's help identifying the owners of two aban they are not microchipped. police are hoping the owner claims the dogs or provide information about them so the shelter can find the animals a new home. >> san francisco district attorney is urging iphone users to download apple's newest operating system to help curb the rash of phone thefts. a new feature of the ios7 is a kill switch that can be remotely shut off if stolen, hopefully to prevent thefts. >> this will reduce the number of thefts. it is going to reduce the number of injuries caused by the theft. it is not going to happen overnight but i

in economic news, blackberry agreed to be sold to an investors group for $4.7 billion.the troubled smartphone pioneer announced friday it's laying off 40% of its workforce. and on wall street, the dow jones industrial average lost 49 points to close at 15,401. the nasdaq fell nine points to close at 3765. still ahead on the newshour, kenya's foreign minister on the deadly attack; a look at the terrorist group behind the siege; former president clinton on syria, the budget battle, and more; paul solman on the employer mandate part of health care reform; and looking abroad for ways to improve education here at home. >> ifill: we return now to the mall attack in kenya. chief foreign affairs correspondent margaret warner, who is in new york this week covering the united nations general assembly, caught up with the kenyan foreign minister amina mohamed. like many others in government, she knew some of the victims. >> mr. mohamed, thank you for joining us and my condolences for what has happened in your country. >> thank you. thank you very much. >> we understand your daughte

home prices jumped 12.4%, and even with rising mortgage rates, new home sales climbed 8% in august. apple hit the high, blackberryw. apple announced a record 9 million iphone olympics sold in the first weekend. apple stock soared on the news, but blackberry shares won't be around much longer. the company is going private for $9 a share. just five years more than half the market of smartphones. >>> chrysler is going public, the american auto maker has made quite a comeback since going bankrupt in 2009. >> new franchise that might not make you fat. burger king is offering crinkle cut 40% less false, 340% fewer calories. the catch? they're slightly pricier than the original. >> less fat. does that mean less taste? we'll do the legwork. i've got to tell you, not too bad. mcdonald's learned we'll forget the fries, well, sometimes. you can swap them out for fruit or vegetables. >>> thanks for joining us this week. head to cnn.com to find out why al gore says we have a democracy crisis. >> special interests have been able to use massive amounts of money lobbying to hotwire or hack the way the system operates. >>> head t

blackberry's ceo called it an exciting new chapter. stockholders will receive $9 dollars per share in the deal. blackberry recently reported a $1 billion loss for last quarter. a new tablet surfaces on the market. microsoft unveiled its surface pro 2 this week. the new model has an updated kickstand, which may appeal to laptop lovers. it prices in at 899 dollars. for users who are looking for a less expensive device, microsoft updated its original surface tablet, for 449 dollars. it recently cut the price on its first generation of tablets due to slow sales. new models go on sale in late october. there are apple records, such as those produced by the beatles and then there are apple records as in more apple i- phones sold in a launch---ever. our cover story looks at the latter and whether including china sales makes this a case of comparing apples to oranges. three days after the latest i- phones went on sale, there was still a line that turned the corner around downtown chicago's apple store. "we hit up a couple of other stores. they h

curiously, i'm testing a a powerful new blackberry that works out very well. >> jay: oh, blackberry.ter and applause ] >> very powerful. i didn't expect -- >> jay: tell us about "home improvement." how is it going? a blackberry? [ laughter ] >> i'm trying out the new software on the iphone over here. >> jay: oh, that's the iphone? >> that's the iphone. everybody's got it. you've got to have one. it's a law here in california. you have to have an iphone. [ laughter ] but i got the modern tech. this one's very exciting. >> jay: is that a geiger counter? what is that? >> this does, in fact, find water. >> jay: what is that? a russian phone from 1958? "hello, brivosky?" [ laughter ] >> this is an android thing from china. >> jay: what is that? i just bought this to scare the girls at the office. >> jay: and what is this for? does this take your prostate too? >> good night! how did you know? [ laughter and applause ] >> jay: you put that in, then you get the reading right there? is that how it works. look how big and clumsy it is. what is that, it's rubber? >> it's rubberized, it's water

he has a comment, this could be a new exciting chapter for blackberry. this is not dell. >> exciting chapter. >> because he could do it without the public seeing what's going on. obviously he thinks -- >> maybe easier to fire people. this is a jewel of canada. we may think of it as a declining operation but i mean maybe he can do things privately we wouldn't see otherwise that could bring out worth here? in 2007 i went to waterloo canada and sat down with the ceo, vibrant, exciting like you picture google or apple today. this is a company that wept interest 5 billion in quarterly sales, seven quarters ago, to $1.6 billion. now you got a bid that comes in, everybody agrees, to mandy's point, the average price target on the stock, look it up as soon as i get my set working here around 5 to $6. >> good deal. >> to take advantage of. and sell some. >> the stock is at 9 bucks. >> right. look, he's a financial buyer. i mean, hasn't this company been shopped for ages now. i'm listening to our coverage, it's been shopped for ages. >> and if you kind of come out

however, if i were you i would now but a new blackberry until we see how this unfolds. microsoft reveals the surface tablet two. it features better processing speed battery and camera. what to ankles of dealing. it starts at $450. >> reporter: it was the birthplace of the first apple computer. gabe slate kron 4 news. >> pam: this video from a helicopter, a partnership with abc seven news at last report from the steam coming up as six. >> reporter: perhaps disney should change the requirements. scott, did it is unfortunate for the honest disables and i go every year now seen many groups taken advantage of this. you can't just lock onto our kron 4 facebook fan page. >> jacqueline: earlier rolling over napa this morning he will seek a little bit of this tomorrow you can always send in your weather pictures or e-mail them to breaking new kron4 doc concord to have your fall forecast coming off in just a bit. (laughter) [ maragno ] if the car was invented today, it would run on the most affordable energy source available. it would charge overnight. every morning, you'd wake u

i on the flip side, there is news from blackberry. once the dominant name and on t from blackberry. once the dominant name and market share leader before the iphone came along, the company said today it's agreed to sell itself to a group led by its largest shareholder for $4.7 billion. >>> and the emmy awards are history. "breaking bad" which was airing against the emmys last night was one of the big winners of the evening. so were "modern family" and the hbo film "behind the candelabra." "saturday night live" crossed a tleshhold last night beating the old record held by "frazier" to become the show with most emmys in television history. there was a big emphasis this year on remembering those in the industry who were lost this past year. one of last night's winners called it the saddest emmys ever with the possible exception of all those who went home, of course, with gold statuettes. >>> and when we come back, an inspirational letter, an extraordinary friendship. helping a u.s. senator and his young pen pal on the road to recovery. >>> our final story here tonight is about the frie

and one of the competitors, blackberry, announcing on friday, it's laying off 40% of its global workforce. and expects to lose nearly $1 billion in just one quarter. the news from blackberry caused such a drop in its share price, its shares had to be halted in trading temporarily. i have to tell you, everybody i spoke to yesterday, outside of the apple store, was looking for one of these gold phones. there weren't very many. they were only giving out a couple dozen at each store. is there a supply issue? do they do this to create hype? or is there just not enough of the gold phones because they can't make them fast enough? >> the gold phones are big. >> it's the only visible sign that you have the new phone. it's gold. >> see the blackberry for this. >> i'm all about my blackberry. >> lynsi, thank you. >>> we're going to turn to washington now. and the shutdown and showdown that could cripple the country. the clock is ticking towards the deadline when the government runs out of money. and sooner after that, we'll no longer be able to borrow any. jeff zeleny has the latest on the crisis looming from capitol hill. each day these two parties seem further away

on the flip side, there is news from blackberry.he dominant name and market share leader before the iphone came along, the company said today it's agreed to sell itself to a group led by its largest shareholder for $4.7 billion. >>> and the emmy awards are history. "breaking bad" which was airing against the emmys last night was a big winner of the evening. so were "modern family" and the liberace film "behind the canada lab are a." there was a big emphasis this year on remembering those in the industry who were lost this past year. one of last night's winners called it the saddest emmys ever with the possible exception of all those who went home, of course, with gold statue wets. when we come back an inspirational letter, an extraordinary friendship, helping a u.s. senate and a young pen pal on the road to re kovry. taking care of things at home is just a tap away. ♪ introducing at&t digital life... ♪ ...personalized home security and automation... [ lock clicks ] ...that lets you be closer to home. that's so cool. [ male announcer

. >>> more bood news about blackberry. the smartphone maker laying off 14% of its workforce. blackberry unfailed its flagship smartphone. >>> and gamers are showing their dedication to the grand theft auto series. it immediately set records. it retail sales of $800 billion worldwide on first day in stores. >>> when we come back, finally cleared. >> a colorful basketball player at the center of a bizarre investigation. how the nba star became the victim of a cyber identity theft. >>> also, anything to get the job done. wait until you see what happened at the end of this slide. you raise her spirits. we tackled your shoulder pain. you make him rookie of the year. we took care of your cold symptoms. you take him on an adventure. tylenol® has been the number 1 doctor recommended brand of pain reliever for over 20 years. but for everything we do, we know you do so much more. tylenol®. but for everything we do, we know you do so much more. goglossophobia, is the fear of public speaking. ♪ ♪ the only thing we have to fear is... fear itself. ♪ ♪ >>> that's new mexico. flooded again a

apple, as you know, launched two new iphones while blackberry >>> apple and blackberry, a tale of twoknow, launched two new iphones while blackberry announced it's planning to cut 40% of its work force. it looks like congress is echoing that trend. in total we found the members of congress use iphones twice as much as blackberry, 58% to 23%. we posted more about our survey exclusively on zbox. if you haven't already, download the zbox app on your mobile device so you can join the conversation. we don't have the numbers for people like me who use both. we're back here in just a moment with chuck todd's assessment. it starts with something little, like taking a first step. and then another. and another. and if you do it. and your friends do it. and their friends do it... soon we'll be walking our way to awareness, support and an end to alzheimer's disease. and that? that would be big. grab your friends and family and start a team today. register at alz.org to prove to you that aleve is the better choice for her, she's agreed to give it up. that's today? [ male announcer ] we'll be with

big news of blackberry being bought out at the revelations they splurged on a private jet as a businesss going dow the drain firing thousands of employees. it was quite a day with shares heading south and then ending slightly up on the takeover talks. all the word on wall street. you'rhere with the back room de. spencer, are you surprised this deal came together? >> i'm surprised about the details of the deal that they agreed to do a deal and enter into a transaction like this. melissa: you are surprised library agreed? why? >> they don't have a lot of options. melissa: it would be a no-brainer they would go ahead and do it. >> it is so this advantage is to them. calling it a deal is an exaggeration. they gave the company and option to buy them. the way the deal is written. that is the amazing thing about it. melissa: adam, you are nodding your head, but this is a company that is abysmal. they slashed 40% of their jobs, and looking at a loss of 47-$0.51 per share. this company is in freefall. >> we saw over the weekend it finally got put together very quickly a letter of intent put toge