and western digital is in advanced talks to buy sandisk. the two companies may reach a deal as soon as this week according to reports. they're down by 5.3%. sandisk is up by 6%. >> the american housing market and big numbers out on construction today. what's fueling it? dia diana olick in washington. >> this is fueling it. apartment buildings for rent. mostly in high end urban areas. take a look at the numbers. total housing starts in september rose about 6.5% from august and are up 17.5% from a year ago. it is mostly apartment construction driving the numbers. single family starts basically flat for the month. just 0.3% to the positive. multifamily starts at 17%. now take a look at permits. future indicator of construction. again, pretty flat to negative for single family and multifamily is down as well. nearly 15% for the month. only down 1% in a year ago. so we're starting to see some moderating and multifamily construction only because there has been so much started in the past few years. why if rents are up 5% from a year ago and have

sandisk has been wrestling with that. intel just announce thad they're going to convert one of their manufacturing facilities. one of their fabs in china to 3-d over time. that is also going to drive. >> there will be a lot of semi-consolidation. we are indeed seeing that play out. >> would you expect -- i mean, we've been talking about this cycle, the super cycle of chips for a while. does this consolidation mean pricing gets firmer, or is that additional capacity offset that? >> i think some players are in real danger of getting washed out, and those that are able to vertically integrate and the right kinds of ways develop the right kinds of property that can maybe command themselves some margin. they're going to have a little bit better chance coming up against these mega cloud giants. there's a $10 billion plus deal. >> there is, carl. it makes you wonder what this says about the state of the ceo. the state of the boardroom. therefore, they have to go out and do these mega deals. it's interesting in this space in part

sandisk and western digital.rn digital did announce plans to acquire sandisk this morning for about $19 billion. this would put western digital firm in the space of giving it access to a conductors in the eeart of a fast-growing typ of computer storage, as it tries to offset weakness in its core space. it is a year that is shaping up to be the biggest for m&a in the semi conductor space. both stocks are up at this time. scarlet: abigail do litter, thank you so much. in the meantime, it is time now for the bloomberg business flash. it's a look at the biggest business stories in the news right now. we begin with biogen. it is cutting jobs. the massachusetts-based company will/11% of its workforce and shutdown more research programs officials say the restructuring will save about $250 million a year. pharmaceuticals wants to raise about $7 billion in its stock sale to pay for its deal. that is according to people familiar with the matter. they are buying the generic drug business and the stock sale is plan to launch

according to our reporting, they were in talks with sandisk about acquisition.andisk would be, if it was acquired, part of what we have seen thus far this year. a busy year, the industry capped off by intel, the acquisition of alt expected to be completed next year. gera, sandisk of a similar size, a market cap as of the closed today of about $12.6 billion, they are up by around 13%. a disclaimer that you usually gets is that nothing has been made yet of the acquisition. it may not result in a transaction. alix: all right, thank you so much, and with us is charles from columbia business. thank you. you have heard the numbers. million, about $682 year on year last year, $900 million. can you extrapolate what that is for how jpmorgan economy? professor: well, i do not know how they see the global economy, but this is not a major source of news for them on their stock price one way or another. there is some exposure in other areas. i do not think there is any new story coming out about credit exposure or about any particular game that is going to benefit stockholde

sandisk is done.nd western digital to bulk up and be able to compete has to do this to offer more of a soup to nuts situation. i've got to tell you, other than arm holdings this morning which used the term apple, saying it's a good earnings, everybody single one of these component companies is getting crushed. >> yes. >> you mean like a vmware today? >> that's another -- wow. corvo, skyworks solutions, western digital, seagate, intel, sandisk, micron, they're all getting crushed. >> their addressable market will grow as a result of the deal and who they're selling to is also getting larger. emc dell is one example. it's going to be a larger company. >> we're going to talk about vmware a little later in the program. >> disgusting. >> nine down grades. >> the most in a single day. >> they bagged so many people. >> we have to talk about that but before we go, the lamb research deal i want to -- >> that's a brilliant deal. >> why? >> why is that a brilliant deal? because lamb research bought novellus at t

sandisk rose.nd semiconductor equipment-maker lam research has agreed to buy rival kla-tencor for about $10 billion. both rose with kla soaring 18%. josh lipton tells us why this sector is a hotbed of deal-making activity and which companies may be next. >> reporter: the rate of consolidation in the chip space is fast and furious. lam research's acquisition of kla-t kla-tencor and western digital's takeover of sandisk are just the latest deals in the semiconductor industry this year. in may, avago said it would buy broadcom for $37 billion. in june, intel agreed to buy augtera for $17 billion. in all, chip companies have already announced $104 billion in m&a this year, according to deallogic. last year, in total, it was $38 billion. the chip market is an increasingly mature industry, where there is a lot of competition and growth is harder to come by. that's why financial analysts say consolidation is the right strategy. >> it's the right move because the organic growth is almost impossible to achi

alix: and sandisk has apparently received interest from two arrivals.stern digital and another are said to be in talks with sandisk about a possible acquisition. about a possible acquisition. and that is your bloomberg business. scarlet: the last wave of the global financial crisis? we have a chart that shows how emerging markets happened caught in a tailspin that now threatens global growth. pablo deals with emerging markets at blackrock. pablo, where are we? would it be the second inning? fourth inning? mr. goldberg: this is important for emerging markets, because it is mostly correlated with prices. there are some that are behind that, like china, and also manufactured. joe: one of the stories we have seen is that obviously analysts have noted it is not as big of a deal as it looks because so much of it is domestic that it is not as important as it was in the 90's. what is your take on this? the debt markets are much stronger? have much more depth? mr. goldberg: i think both statements are true. it makes a big difference. prices in the 1990's, or goi

sandisk has decided to sell itself. maybe to western digital.hat's an admiral way to reyard shareholders, the category of commodity flash has gotten too hard to reap big profits from. on that common sense approach to selling growth, what about walmart. this company's another retailer and formerly fabulous grower. cutting to the bone in order to keep his prices low. now it looks like they cut through the bone. the ceo has decided to throw money at the problem. raising the pay and the pride of the workforce. this gutsy move could end the death by 1,000 cuts. that's hurt the company so badly. >> the house of pain. i think it's necessary to preserve walmart's long term viabilities. that's a very amazon like move, and the strategy appears to have the support of the walton family. extremely prodividend weren't the biggest shareholder at ibm, i wonder if ibm wouldn't be as bold as walmart. i wonder if they can pull off the transaction. the stock has yet to break out of its tailspin. off fractionally again today. there's young brands, the parent of kfc,

last week, we reported that sandisk had spoken to western digital and micron technology about a deal, adding to the -- last month they got a billion-dollar deal from a chinese university adding to the , funding it has available for deals. theranos, the blood testing two startup, facing growing scrutiny over the accuracy of its technology. i sat down with a partner, an early investor in the company, as part of an exclusive wide-ranging interview. i asked him if he still stands by the company. and the coo of homes, after reports that the tests are unreliable. we deftly stand behind them because we want them to succeed. we do not have the answers to the questions swirling around right now. which is, can i give you an answer to the questions others are asking? here's what i can to you. i remember meeting her when she was still a student. >> elizabeth holmes. >> yes elizabeth holmes. as a teenager, she started the company with great passion. i remove or my partner saying, she is like steve jobs. this is long before she was wearing that black turtlenecks. i did not see what he was referring

starting off with the best, looking at sandisk.saying that samsung is keeping a close eye on the potential sale of sandisk. that seems to have investors somewhat excited with shares up nearly 3%. hiring an sandisk investment bank not so long ago to sell itself. micron and western digital were mentioned at the time. irrespective of who potentially businessisk, that same career report says that sandisk has a premium in the memory space. any m&a transaction is likely to generate a real premium. if we turn to the not so good, the red, when resorts. ticker why an end. . disappointing on the top line, n.o steve ngye macau is striking back saying that all casino operators need to follow its rules and that they demand clear understanding and full compliance from the casino operators. apparently, investors do not like the news. shares are off more than 6%. that is all from here. back to you. betty: abigail doolittle at the news -- nasdaq. in an exquisite interview this with, jamie dimon spoke stephanie ruhle on bloomberg this morning o

sandisk up 12.5%. scarlet: that is always one possible explanation.ing at twitter, the company named the exact of chairman as the company struggles to reverse a slowing growth. investors seem to like this news. the stock has been beaten down come off by 17% this year. matt: twitter has been in bad shape already. they hire this guy who was the chief business officer from google. analysts have come out and said we don't think twitter -- that google wants to buy twitter. two, the relationship with each other is getting stronger and stronger. some analysts are saying they don't have to get taken out, google does not have to send $25 for theto buy twitter two do have a really good symbiotic relationship. hiring him as their exact of chairman is one good move in that direction. priceline --ention trip advisor shares. or can now book your spirit through trip advisor on to priceline's website and the two may collaborate even more closely in the future. trip has been boosted big-time. artistare not a starving , there is no reason to fly those airlines. alix: w

that's sandisk. the rest are only for the patient and perhaps the unrequited. in many ways it's better to go with the stocks of companies that never got to the place in the first place. they need to deliver better than expected results, which none of these four have been able to do. sara in cacafornia. >>>>aller: hi. >> sara, how are you? >> caller: love your show, love your book. >> thank you. >> caller: here's my question, jabeel circus, do you think their stock would go up ininhe next year? >> i would rather own apple. i like the consistency of apple, it's inexpensive, i want people to own it, not trade it, it's rarely been treading water, that's okay too. not every stock has to go up, it's okay. >> stewart, how are you? >> how are you? >> i'm great. >> about three years ago when i retired, i took some of that retirement money and i bought sony stock, between 17 and $18 a share. i hung in there with it, and i think it's making a turnaround, and i'm wondering what your expert opinion is on sony's future. >> first of all, congratulations, that's the kind of st

sandisk up more than 5%.ny hadthis initially been brought in as a potential of fire of sandisk as well. not as much talk about that today. but micron technology was announcing extreme flash technology. a faster flash memory. the company thinks it could revolutionize the way the designs forindustry instant performance. the stock down 2%. betty: thank you. on the nasdaq.le after more than a decade in power, canada's preservative -- conservative party is out. justin trudeau one the majority in the national election. gained 150 seats, the biggest political comeback in canada's history. >> this is what positive politics can do. this is what a positive hope -- a hopeful visiona nd a platform and a team together can make happen. across this great country sent a clear message. it is time for a change in this country, my friends. a real change. payroll or richie joins us now from the toronto stock exchange to explain the global impact. what happened? it was a landslide. 184 seats for the liberals. returning trudeau is

sandisk shares spike on a report that it could be an acquisition target. candidates are are locking horns and did lock horns on the first debate of the campaign season. looking for 24/7 digestive support? try align for a non-stop, sweet-treat-goodness hold-onto-your-tiara, kind-of-day. live 24/7 with 24/7 digestive support. try align, the undisputed #1 ge recommended probiotic. >>> earnings per share revenue missing fraforecasts. total net income rising 22% in the three months but this was thanks to a one off tax benefit. jamie dimo said the bank faced a challenging global environment promising to cut another half a billion dollars off of costs. other financials are set to report. that includes boa, bank of america, black rock, wells fargo are out before the bell. goldman will receive their third quarter scorecards tomorrow. jp morgan shares are lower. let's get out to florida where he is standing by. good morning to you. >> look, jp morgan was that a company specific issue or the weakness of capital markets? >> it was both. the company specific issue is t

nsc announcing their merger but one to keep on is sandisk.oving higher in after hours trading. >> sandisk up. >> there have been rumors out lately about the chinese being interested in getting more into the memory market and more into man. i'm kind of skeptical about total take out of a name like sandisk for a number of reasons. one, the rumors have been that the chinese are looking to make an investment not an outright buy because there are all kinds of intellectual property issues. sandisk has this tie up with toe sheeb ba on the manufacturing side where they share the balance of ip and manufacturing, anything that sandisk would want to do -- >> would involve the japanese. >> yes. >> haven't there been rumors connecting san dis tok others as well besides the chinese manufacturers torques western digital, samsung. it seems like a constant rumor mill around it. >> there is. i have a little bit of history of talking to the management team, they've been through a number of cycles. whenever you get a down cycle in flash memory that's been overbu

sandisk rose in after-hours trading finishing the regular session up about 3%.rn digital, meantime, fell after hours. it finished the regular session up about 3%. >>> valeant pharmaceuticals under fire for the way it prices some medicines. reported better than expected quarterly profit but the ceo predicted that the entire industry will face lower drug price increases given the current environment. it is also, it says, considering a sale or spinoff of its neurological business. the upt to tends to see those big price increases. that sent shares of valeant lower by more than 7% to $163.83. >>> weak sales of toys for girls hurt hasbro's quarterly results. the toymaker reported lower than expected revenue, which was also hurt by a strong dollar. revenue in the toys for girls category fell 28%. it's the fourth straight quarterly decline in that segment. shares dropped 7% to 72.33. >>> halliburton saw its revenue plunge in the third quarter, citing weak north american production. the company has already shaved about 18,000 jobs this year alone. as part of a wide cost

western digital is buying sandisk, a big $19 billion deal. yesterday i told you we didn't care what yahoo! said about its financial numbers. there were other things we needed to look at. it turns out, those numbers were actually pretty mornt, more important than we guessed. it says ad sales not only continue to decline, they're declining in the fourth quarter. nobody declines in the fourth quarter. that's christmas, the money making time of the year. yahoo! says it's going to try to use google for search results. the last time they tried this, the government said no. the two companies were too big to work on something together, antitrust issues. this time the government may say yes but only because yahoo!'s influence on search may be so slow that you get away with it. >> 6:18 right now. new lightning fast internet and tv service can be headed to the south bay. according to the "mercury news," documents show the tech giant applied for permits to build two fiber huts in san jose, one on the south side, the other near downtown. right now google

last week, we reported that sandisk had spoken to western digital and micron technology about a deal. adding to the funding it has available for deals. startup facingng growing scrutiny over the accuracy of its technology. investorith an early -- theness t --hera ranos. i asked him if he still stands by the company. >> we want them to succeed. we do not have the answers to the questions swirling around right now. can i give you an answer to the questions you are asking? i remember meeting her when she was still a student. elizabeth holmes. as a teenager, she started the passion.ith great i remove or my partner saying, she is like steve jobs. this is long before she was wearing that black turtlenecks. it was fascinating. she had that mesmerizing zeal to revolutionize. needles.inds of chapter,he very first $100,000 check. she has been somewhat independent. emily: do you guys have an observer on the board? so, i interviewed elizabeth last week and i had the same impression. she is impressive. succeed.em to but there are people out there who think it is a fraud. is it a fraud? do you thin

in this -- sandisk looking for a buyer.r also looking for a buyer, according to reports. and in the past 20 minutes, it looks like analog devices and maxi are inm talks. that is causing stocks to rise. and trip advisor on the move today, the best single performer today in the s&p 500. it looks like they are rallying the most in eight months after they announced a deal, in which you can use booking.com on trip advisor. other sites trading lower. we'll have more, in just a few minutes. betty: julie, thank you. heading into the close, i will bring in another voice. art hogan joins us now from boston. what do you make of today? >> it is interesting, we have some headwinds we have to get through. those are coalescing around a changing economy, when does the fed list off? -- lift off? i certainly think we can move higher. we will just dance around the stories. almart, we are tracking oil closely. and the last two weeks oil and energy have been top performers, a lot of that do with falling prices. and another story, looks like the

that deal was dwarfed by western digital's purchase of sandisk. my one-on-one with michael dell. he tells us why he is never getting into mobile phones and how he feels about carl icahn. i will leave you with one stock on the move today, and that his twitter, sales fell more than 5% today. developers conference today, a billion people received tweets embedded in other sites and apps. twitter reports earnings after the bell on the 27th. holmes steppedh into the lions den tonight speaking at a wall street journal conference to defend against accusations that her startup has misrepresented its lab test. elizabeth: i read what was written in the article and we think it was this leading and faults -- misleading and false. allnteract with the agency the time. we have chosen to take a pass that is hard and i believe in it strongly because it is the right thing to do and i personally worked very hard to change the law in arizona to allow individuals the right to order lab test directly and i cannot do that without knowing that the tests offered are of the highest quality. emily: she did

they have expressed an interest in sandisk valued at under $13 billion. at the close on tuesday, up by 8.9%. >> so all this week we are been focussing on some of europe's success stories and one company looking to forge closer ties with the european countries is proto labs. the u.s. based custom parts manufacturer just acquired german prototyping company and 3-d printing service here in britain and joining us in a first on cnbc interview, vicki holt. ceo of proto labs. >> great to be here. >> thank you for joining us today. we have been talking about europe trying to get it's swagger back. given that you have been investing in a lot of european companies do you believe that growth is returning to had region? >> absolutely and i'm excited from a manufacturing point of view because we don't make things the way we used to anymore. today we're actually making things with a combination of information technology and hardware. >> you don't necessarily think of manufacturing but this is high end manufacturing but is it also opportunistic given where the currency

and sandisk is exploring a sale. a former facebook cto and google maps developer brent taylor joins us with his latest. tesla rose -- tesla rolls out software to keep cars on the road. emily: venture capital investments ballooned in a third quarter not seen since the.com bubble. funding in the first few months of 2015 surpassed the year. so far that is not stopping investors. the enterprise startup investor from -- ounced funding they are aimed at taking down microsoft office. joining me now to discuss, bret taylor and john lilly, partner arereylock, john you joining the board creative john, let's talk about funding first. you still have a lot of your series a in the bank. he said he don't even really need this money. are you hedging -- why now are you hedging against the potential belt tightening in the future? john: you don't have to raise money in favorable market conditions. the biggest thing is confidence in our growth. right now we are in this interesting time where the concept of the old productivity actually

sandisk is a leading manufacturer of flash memory and solid state drives.hink even seagate but they'd have a negative view kind of on sandisk but maybe western digital, maybe samsung or even hitachi who are the big manufacturers of drives would be a buyer because sandisk is the leading manufacturer of flash memory and solid state drives. >> and then two other companies caught my eye. sin nappics and corvo which are both apple suppliers and pacific crest cut their estimates on them as well as a number of others saying the apple pessimism is tran lating. >> apple has a son of cash. they could vertically -- >> could be up for buying a chip company. >> absolutely. apple is the biggest company of corvo, sky works, and sin nap ticks. >> we've had you on about apple in the past. if they did that will that depress -- why would apple want to take on a commodity business like that and bring it in house? >> so they can have control over the design and the -- >> don't they already? >> for the most part, yes. but companies as they go through their life cycle and build u

take a look at midship space at sandisk.elf up -- sandisk put itself up for sale at micron may be interested, so those are big movers in the chip space today. in the internet space, trip advisor has announced a partnership with priceline. two goodbyes are customers will be able to book directly from priceline at the booking.com website for hotels, flights, what have you, and it is up 27%. huge game for trip advisor today. one other story to touch on, twitter, as you know, even though in has a four letter ticker symbol, but google trades here. twitter just hired a new comesive chairman who from google. he was the chief business officer over at google and something that julie pointed out that i thought was interesting, i hope i'm not stealing her vendor, there has often been talk about it cap of google and twitter. google has over 100 billion dollars of cash and twitter has a market cap of $19 billion, exactly what facebook paid. betty: thank you. matt miller at the nasdaq. just a reminder of that breaking news i came out mome

. >> western digital buying sandisk. the tech stocks that could be next on the chopping block for the next to be acquired. >> and scott wapner just talked with carl icahn. he's taking his activism to a whole new level and realm targeting corporate tax reform. >>> but we begin with the red hot ipo of the day, shares of ferrari are revving higher on their first day of trading. a bit of a rally in stocks overall. we're sitting at 12,290 but just earlier today we cracked above that 17,300 mark for first time since the august flash crash. it seems like we're tracking for the best percentage gains since october of 2011 for the dow and the s&p, bob. >> s&p is up 6% for the month. a little bit of a stealth rally. really tina there, is no alternative, no other places to put your money right now. i want to start with the ferrari ipo. $48 to $52 was the price talk. it priced at the top at $52. it opened at $60. right now around $56. still enough for an 8% gain. 18 million shares changing hands. that's more than they floated, 17.2 m

western digital is going to buy sandisk. sandisk is based in milpitas.le over one type of debit card, and we'll take a look coming up at 6:00. >> thanks scott. >>> a movie that was ahead of its time, quite actually ahead of its time. "back to the future 2" came out nearly 30 years ago with bold predictions. today we look back and celebrate. >> bob redell shows us while some of the things in the movie were outlandish then, some are becoming reality now. >> finally we're here, october 21st, 2015. the date when marty mcfly arrives in doc brown's time machine, not exactly the future predicted in the movie, though. hover boards, we're getting there. >> cubs win world series. >> could happen. >> he got him! >> but there are still no delorians that fly. >> unless you count the toy car i bought online. as ill stands, only one way to travel to the future. >> ear time traveling right now. >> here we are in the few future. >> ken wharton is a physics professor at san jose state university. >> do you think time travel is possible. >> absolutely, as long as you're co

that deal was dwarfed by western digital's purchase of sandisk.estern digital is paying close to $19 billion. it is a buyout that gives western access to the market for memory chips. year, we have seen almost $100 billion in deals in the semiconductor sector. still the calm my one-on-one , with michael dell. he tells us why he is never getting into mobile phones and how he feels about carl icahn. as we had to break i will leave , you with one stock on the move today, and that is twitter, sales fell more than 5% today. morgan stanley's license price stanley/itsrgan price target. twitter reports earnings after the bell on the 27th. ♪ holmes stepped into the lions then to defend her start up. elizabeth: i read what was written in the article and we think it was misleading and false. i know what we have done, which is the decision to voluntarily work with the agency. we have chosen to take a path that is hard and i believe in it strongly because it is the right thing to do, and i personally worked very hard to change the law in arizona to allow indivi

sandisk is being bought by western digital out of irvine for $19 billion.he other deal involves fremont-based land research buying [ indiscernible ] for $10 billion. there's been a lot of moves towards consolidation and other rumors, as well. yahoo earnings continue to disappoint. revenue falling from a year earlier by more than 8%. ceo marissa mayer saying the company will continue to cut costs along employees, facilities and discretionary spending. the big priority is moving forward with its tax-free spinoff of its big stake in a chinese commerce firm. tesla was down yesterday after consumer reports removed its recommendation on the model s citing a number of problems that have developed in the drivers including leaky sunroofs, electric motor replacements and display screens freezing up. shares are flat. ferrari goes public today. the sports carmaker has an initial market valuation of $10 billion. let's take a look at the big board. the dow so far up almost 60. nasdaq up 18. s&p is up 5. michelle and frank, back to you. >> all right. kcbs radio's financia

the matter, the chipmaker has hired a bank and already received interest from two of its rivals, sandisks in talks. any deal would add to what has been the biggest year ever for the semi conductor in na. to twitter and jack dorsey's first big move since being named permanent ceo. they plan to eliminate as many as 336 positions, or 8% of its global workforce. in a companywide e-mail to employees, he says the move is aimed at getting products out the door more quickly. this morning he also tweeted, made some tough but necessary decisions that enables twitter able to refocus and growth. employees took to twitter to share the news, the bigger surprise is how they received it. quote, i have been impacted by twitter layouts, this is how i found out this morning. one engineer posted this. sarah frier, alex barinka, sarah, i want to start with you. the engineer wanted to follow up by saying he got a call personally, but found out through his e-mail first. he did not get to that message in time. what are you hearing from some of these people? sara: there are several people who said that is how th

shares of sandisk exploding in the aftermarket.the scuttlebutt here, anywhere from 80-60. so we're happening in there. we took profits on half, let's hope the teal finally happens -- the deal finally happens. >>> the deal did happen, it was oprah and, yes, she has done it today. weight watchers stock up 105% after the news broke she acquired a 10% stake in the company. back with me to weigh in, you get it, weigh in? on the news, christopher. you know, listen, we were talking in the break, you said you would not chase this. >> i would not. charles: i think this is an amazing, natural fit. and what people should understand, the stock closed around a little bit over $14, this was an $85 stock in may of 2011. so there is a lot of upside potential. >> there could be. the issue i have, charles, is i understand oprah is very powerful, a lot of reach. but look at the fundamentals of the company up until now. six quarters of declining revenues, competition coming from everywhere. right? from a change in how people eat like this fitbit that

sandisk sells at a very low multiple. think about it. my kro micron, sandisk.g is all the high growth. we need to see that change to get leadership in the market. stay focused on that. >> i will make sure to stay focused on that. something people were very focused on yesterday was young. >> excellent piece on the conference call. if they want to understand what happens when you guide people to believing the numbers were better, they make a case the last few weeks were bad. the credibility of this company is on the line and the activists that were in there i think some of them have to be giving up. >> either giving up or pushing really hard. like corvex. >> there is a lot of chatter about the spin krauf to china. >> i thought kentucky fried chicken was bad but pizza hut. i don't want any pieces of anything having to do with yum right now. the only one that is doing well is taco bell. i keep thinking about chipotle saying some of the other competitors has 80 different ingredients and chipotle has eight. what do you think those 80 ingredients are? it is questionab

shares of sandisk jumping this morning. the flash memory company hired a bank to explore a sale of micron technology and western digital said to be in talks with sandisk. >> merger is going through. we'll talk about that. but is it the end or the beginning? >> we're getting closer to the end. >> but it's frothey. >> these are 60 and $100 million deals too, right? >> i would argue all being done by companies that have weak fundamentals and that's the scary part. the question though, they're slightly more rational than the deals at the real end of the bubble which is to say the pie in the sky crazy idea things that make no sense. >> worries. >> yeah. >> well, i don't, you know, who cares who makes miller light. >> i don't know how you get over some of the regulatory hurdles. >> that has to be rationalization. 90% of that. >> they're operators. they come through and know exactly how to strip out all the costs. >> i never thought i'd say it but i heard those companies are going to report and i say you know i'm interested. i'm i

sandisk saw shares pop right after the close on reports that that company is exploring a sale. according to bloomberg, can the computer memory firm is working with a banker on a possible deal and both micron and western digital expressed interest. shares rose initially after the close during the regular session, the stock off nearly 2% to 61.77. >>> fortress investment group plans to wind down dits flagship hedge fund returning capital to investors by the end of the year. the move comes after a challenging two-year stritch which resulted in losses and redemptions. michael know vo grats will leave at the end of the year. shares on that news moving higher by 7.5%. >> fortress is the latest example of hedge fund pain. according to data from hedge fund research and morning star, since 2009, hedge funds up an annualized 7% while actively managed u.s. stock funds up 14% prompting us to ask the question, are hedge funds worth the high fees they charge. here to discuss this and more is greg zuckerman. he writes for the "wall street journal" and also a noted author of several books. goo

sandisk could be bought by western digital this week.s tablet deals helped the wireless carrier lure more subscribers. let's bring in a veteran investor and guest, ted weissberg. he joins us from new york. when you take a look at the quarter, what does this really tell you as a veteran investor? >> you have to keep in mind, and the tophave to look at line growth and guidance. when companies can put that together, they are rewarded big-time. ,n the other hand, if they miss and they have three chances to miss, they pay the price. third-quarter earnings have been pretty much valued lower by most analysts. the expectations have been lowered. and so far, it has been a mixed bag. we see it on a daily basis. the markets have been trading sideways. of course, the earnings have been a mixed bag. you get one decent earning and then something like ibm. it just sort of derailed the market. tomorrow will be another day. the second quarter was really driven by a strong u.s. dollar. we heard that time and again. third quarter, what was that about? summ

matt: yesterday, we told you they were going to buy sandisk, it is now confirmed at $86.50 a share.ll be a $19 billion acquisition. they are moving down in the plea market. they were already getting a strong bump. out of this acquisition they will raise about $18.4 billion to pay for it. stephanie: i want to go back to coke for a minute. it is not just an bout the consumer, it is commodity costs. they have an impact across the money industries. i'm just guessing you're not a cherry coke kind of guy. ted: i did not have a dr. until it was 25 years old. clive: did you have a second one? ted: no, that's the key question. everyone is trying to figure out how to repackage water and make money at it. cash, theday, used to idea of that is changing. what will you do in the real organic plan. they are struggling to find the next plan. issue,ie: the underlying they make product that we don't want our families consuming. ted: i associate organic revenue with general electric. if the old organic growth that 7%, what would you to the new number is? 5%? 4%? they'reour point, trying to get away fr

sandisk is a leading maker of the flash memory chips. kla for $10.5 billion.tors has a profitable third quarter. gm spends $1.5 billion -- fiat chrysler and starbucks getting huge tax bills. each company owes about $34 million. that is the latest bloomberg business flash. stephanie: i think today is the best of bloomberg. tom giles and brendan greeley in the house. give us an update. brandon: i was at a conference -- looking at the depth of the treasury market. it is insanely drive. since last october when there was a sudden spike in yields or drop in yields on treasuries, the fed has been wondering, do we know just how deep these markets are? do we understand how the treasury markets work? there's a lot of different things going on. we are waiting through these reports. u.s. treasury market is one of the deepest and most liquid markets in the world. --, we are a little worried one thing going on is the traditional broker-dealers are -- their holdings of treasuries have gone down. there's a couple reasons why this might be. they've had to increase their levera

sandisk has also spoken to micron technology, and a deal with either can be reached this week. market cap of $14.7 billion at since firstthan 16% reported last week. japanese materials company, the latest to push up corporate bond risks after it admitted that one properly failed to install something at an apartment building that is now tilting. now jumped 31 basis points. toyo tire also. the story about toshiba, bond risk has increased by 90 basis points since accounting irregularities were revealed in april. that should be irregularities. earnings season on the way in the united states. our next guest -- despite pessimism from analysts, hear from rank of america, after this very short break. ♪ oil saying it's on track to meet full-year output, now trading more than 2% down. as oil search comes online, we wanted to check back on that data for you after paul allen's report. checking some other stories making headlines. china's president has begun his state visit to the u.k., where expected to sign deals worth of billions of dollars. the u.k. was the first major western country t

. >> batted is crazy but sandisk is popping big time in the after market.ron or western digital what about coming out of this? >> what we believe is the momentum stocks when it comes to attack looked at the blue-chip names like cisco systems or microsoft you will see mergers. charles: the democrats are ready for battle tonight and hillary clinton takes center stage but joe biden much a lot more electable against the former secretary of state. at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. nobody's hurt,but there will you totstill be pain.new car. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement, we'll replace the full value of your car. see car

according to people familiar with the matter, the chipmar has hired a bank and already received interest sandiskrivals, is in talks. any deal would add to what has been the biggest year ever for the semi conductor in na. to twitter and jack dorsey's first big move since being named permanent ceo. they plan to eliminate as many as 336 editions, or 8% of its global workforce. in a companywide e-mail to employees, he says the move is aimed at getting products out the door more quickly. this morning he also tweeted, made -- made some tough but necessary decisions that enables twitter able to refocus and growth. employees took to twitter to share the news, the bigger surprise is how they received it. impacted bye been twitter layouts, this is how i found out this morning. one engineer posted this. , alex barinka, sarah, i want to start with you. the engineer wanted to follow up by saying he got a call personally, but found out through his e-mail first. he did not get to that message in time. what are you hearing from some of these people? sara: there are several people who said that is how they heard