we want to go to emily chang standing by with satya nadella and jeff weiner in mountain view. y: thank you. -- say like to save well welcome to our viewers and listeners on bloomberg radio. satya, you started more serious discussions a few months ago. why did you decide this, why now, and how much does the price drop have to do with it? toomey, emily, this is a pretty exciting day. it's about really bringing together the professional cloud, which is the core of microsoft and the professional network. the dream we always had was how can we connect he's two worlds so our mutual users can get their work done more seamlessly. that is the vision. verynk it's transformative. i happen thinking about this for a while. once we started talking about the possibilities all of the product and coming together on that has the full combination to accelerate what we both wanted to get done to drive this next phase of growth for us and that's what led us here. jeff, it was about the same time you and i had an conversation about how big you think the future potential of linkedin is. why would you

it's satya nadella's first real megadeal. potential to really expand microsoft's purview in the cloud. i've been talking for a while, months now, about cloud consolidation, a number of rumblings in the enterprise community about whether that was going to happen. well, we'll see if this really kicks that off in earnest. carl, as you were mentioning earlier, 433 million members on linkedin. not all of those are active in any given day or even in any given month. and part of what linkedin's been trying to do is get its membership more engaged. this tie-up with microsoft can be expected to accelerate that effort in part because there's so many different ways that these two companies could be complimentary if they can come together in the right way. one of the ways is office 365. of course, microsoft has outlook and wants to be able to allow people to do business together, to contact one another. linkedin opens up another avenue for that to be able to connect people in order to do business. linkedin has a business called sales nav

plus, our conversation with satya nadella and jeff weiner.pple's blueprint for the next generation. the tech giant putting its new commitment to software on display at the developers conference. we will update you on upgrades. strength in numbers. after spending a ton of money competing with each other and facing the same legal biggestes, the two daily fantasy sports companies could be teaming up. apple kicks off its worldwide developers conference with a slew of updates, including a smarter siri, apple pay, a redesign of its most troubled services, and upgrades to photos and messaging. the annual event is meant to woo developers to create software for apple products, something that is ever more important as the company transitions away from a dependence on hardware. bloomberg's cory johnson joins us with more. let's start with siri. what do you think? i think this may be the most important announcement they had today. siri is something they spent a lot of time with. makesperson who uses siri it a little better. i do not have a great personal

plus, a "power lunch" exclusive with microsoft ceo satya nadella.t and more ahead on "power lunch." >>> trade, politics and the relationship between the united states and mexico, they're all very big topics. and they're all big topics being addressed at this year's aspen ideas festival. so we forced kelly evans to go to the aspen ideas festival and joins us now with one of mexi mexico's richest and important businessmen ricardo salinas. >> it's a tough assignment, but someone has to do it. ricardo, thank you for joining me out here. >> thank you. >> many don't know right after britain voted to exit the euro -- what do you think the long-term effects of this decision are going to be? >> well, it was a big hit for mexico, but mexico has a very sound fiscal and monetary policy. so just a case of trying to cover your losses somewhere by shorting the peso, it will be short. >> what about -- >> i think mexico has a competitive position in trade balance so we're not so worried about that. >> do you think the bigger risk is donald trump presidency here? >>

it is the most expensive risk so far in satya nadella's post to remake the company.obama says the orlando nightclub -- anna: a slight problem with has haslinda amin. let's get an update on what's happening in life market. david ingles is standing by; we are seeing concerns about brexit taking their toll on equity markets. david: right. i think the headline on bloomberg.com is battered by brexit. i think it sums up what has been happening. i will get to the equity markets in a moment but we are still looking at losses tuesday. momentum seems to have leveled off -- not a lot, but we are getting there. let me start things off with the bond markets. we were talking about fields in casesy, so in japan it that we are below zero from a three-month low all the way up until the 15 year. what happened on tuesday, it so weo a record low point are still a little bit above zero with some way to go, but who knows. investors are really searching for yields, pulling everything nowr we are just above 2% for the australia 10 year bond deal. of thisa symptom undercurrent of risk aversi

we spoke with microsoft's ceo satya nadella.e had to say. >> these professionals are using microsoft on one side, linkedin on the other. that's a massive opportunity to engage in both. think of the other side of it. it's a higher market, sell and learn. that's a huge opportunity to integrate and expand with those dynamics. those two sides are the crown jewels of linkedin but it's about putting in microsoft office 365 and our cloud. that's what's super exciting. >> this is most's biggest acquisition to date by far. microsoft had never bought anything for more than $10 billion. and this is more than twice that level. we'll have to see how it plays out, guys. >> that being said, let's get linkedin's side of this deal with julia boorstin. julia? >> well, for linkedin, a key to making the deal with most was to benefit it and be able to operate totally independently, jeff weiner reporting to satya nadella. the potential for most to linkedin and they're largely bullish on the potential. jeffries brian pitts is looking at the opportunit

>> let's get straight to satya nadella and jeff weiner, a megadeal they announced this morning. $26.2 billion. microsoft looking to buy linkedin. satya, congratulations first on this deal. i know you have some things probably you want to say about this deal off the top. but when you approached linkedin with this deal and why buy versus partner with this company if it's going to be run as its own entity within microsoft? >> thank you, jon. this deal is all about bringing together the world's leading professional cloud and the world's leading professional network. if you think about how people work today, it's split between these two worlds. they are using office on a daily basis, they are using systems like dynamics for their crm and human capital management and then of course, they are using the professional network. the dream that i have always had is how do we make this come together so that we can serve our customers. this is really about completing that scenario and jeff and i have known each other for awhile. we have been talking about these things together for awhile but to me,

is socgen at ella -- is satya nadella's microsoft any better at acquisitions?metimes m&a is a hail mary. sometimes you are buying something really valuable. how much of the m&a that we are going to see is going to be new companies that are truly adding value and new companies that are just trying to figure out how to exit? zia: i think the magic on software m&a happens -- you have to hold onto the people and the technology. there are some companies that are better at it than others. different deals have different dynamics. i understand linkedin, from public reports, will remain as an independent company with the support of microsoft. cory: if you believe that. that stretches credibility. maybe it will. zia: companies, if you are spending that much money, you have to pay attention to the post-merger integration and the dynamics of the team that is there, and i think these companies will do that. emily: do you think of brexit would impact tech m&a, and, if so, how? zia: it's too early to tell. you have a market where there is an increasing amount of startup activ

emily: that was the microsoft ceo satya nadella and linkedin ceo jeff weiner on the announcement of theicrosoft $26.2 billion acquisition of the professional social network. i want to discuss further with my guest, ceo of a recruiting platform at the top of the job market. our bloomberg gaslight con -- gaslight columnist -- you have some against the grain thoughts about this acquisition here? it started with, if microsoft were a better company linkedin never would have a -- would have existed, explain. >> my basic point is microsoft is the essential tool or an essential tool for many people at work. if microsoft had been smarter about seeing where workplace communication was going, it would not have let companies like dropbox and vox emerge, file storage better than microsoft could do it. it would not allow companies to do chat better than microsoft to do it and it would not have allowed the creation of a professional network like linkedin. emily: that said, john, you have a startup that is taking on linkedin and now microsoft. what this is mean for you? you are pretty happy about the d

and don't miss, of course, that exclusive interview with microsoft ceo satya nadella, this afternoontern. "squawk on the street" will be right back. >>> live pictures of the president arriving in canada for his meeting with the canadian prime minister and the president of mexico. the three amigos meetings going to stress the importance of bilateral trilateral relations in north america. we will bring you more of that state visit as we work our way through the morning. back to the stock markets, nike shares in the green after mixed earnings. the sports wear giant reporting sluggish north american sales and weak future orders. ceo mark parker addressing those concerns on the conference call last night. take a listen. >> in the near term we know there are certain areas we have work to do, but nobody is more demanding of our business than we are internally. while outside of nike we face macro economic and gee owe political -- geopolitical volatility our offense gix us our greatest competitive advantage. how we drive profitable sustainable growth in the near and long term. >> joining us f

. >> we spoke to satya nadella in the last hour. i asked him specifically about the value that he saw in this deal, what are the crown jewels that linkedin has to offer in this acquisition. here's what he had to say. >> these professionals are using office 365 on one side and linkedin on the other side. so that's one massive opportunity for us to increase engagement in both. think about the other side of linkedin. it is about higher market sell and learn. that's all business process. that's a huge opportunity for us to integrate and expand into business processes with dynamics so those are the two sides that are both crown jewels of linkedin, but really, it's about putting them together with the crown jewels of microsoft, that is office 365 and our cloud, and that's what's sort of super exciting. >> all right. jeff weiner and staya nadella talking about this blockbuster deal today. i said i did have pete and jon najarian with us. you surprised as news of this broke? >> absolutely. i was shocked by it as well. we all thought eventual

its shareholders and realized that was too much of the -- a big bet-the-company event for ceo satya nadellaat your rivals and figuring out what we want -- want to advance in cloud services and how big of a bet are we willing to go. thethan: alex sherman, best-kept secret in silicon valley in the last six months maybe? coming up, it is "bloomberg markets" with vonnie quinn. speaking onill be global markets. campaigning is suspended today after the unfortunate death of jo cox, the mp. the market seems to be calming slightly. we will speak with the ceo of the margaritaville, the jimmy buffett empire. and richard jones. david: thanks so much. more "bloomberg " coming up right ahead. ♪ jonathan: this is "bloomberg ." i am jonathan ferro. s&p 500 is lower, down by about 2/10 of 1%. beginning with equities worldwide. the dax is up. the ftse 100 is rallying towards session highs. european equities and u.s. equities still heading for a weekly loss. a bit of market stabilization as the campaigning in the u.k. descends into silence. yields in the u.s. still remarkably low, higher on the sessio

millones de Ólares.linkedin conservaÁ su marca, cultura e independencia, aunque Í dependeÁ de satya nadellaeraria san juan, y nos han contado un poquito de lo que comienza ahora para estas familias. >> aquÍ estamos tratando de ayudarles para lo que necesitan: entierro, cremaciÓn, envÍo a su país... maity: ¿dÓnde reclaman el cuerpo de sus seres queridos y cÓmo se prepara? aracely: lo primero que el sobreviviente tiene que hacer es venir a una funeraria para reclamar a su ser querido. aquÍ empieza todo el proceso. ellos nos dan un permiso para recoger a su ser querido, y expresan lo que van a querer hacer con ellos. tenemos un servicio el viernes, que va a ser una pareja que estaban juntos. los padres de la pareja quieren que estÉn juntos hasta el fin. vamos a tener un servicio juntos para ellos dos. maity: y asÍ como esta pareja que perdiÓ la vida va a recibir su servicio fÚnebre este viernes, hay otras hay familias que ya han abordado a la funeraria. es impresionante cÓmo la comunidad se ha unido. en esta funeraria estÁn dando el costo para poder enterrar a sus seres queridos. estÁn acomoda

. >> later today microsoft ceo satya nadella will join "closing bell," lot to talk about there, the linkedinuawk box" after this. >>> let's get final thoughts from our guest host glen hutchins. the question for you, you're a tech guy. we've watched the tech world sort of live in a bit of a bubble and get a little bit deflatsds. how much more do you think it has to go? >> you know, if you had bought the best internet 1.0 stocks, google, amazon, ebay, before the tech crash and held them to today you would have made a lot of money. i would get less concerned about day-to-day valuations of stocks like that and think more about long-term opportunities for them to create real value. right now, the -- there's a huge opportunity in building out the mobile internet which were just the early days of. the biggest investment trend in my lifetime. the combination of voice recognition with artificial intelligence is going to create a whole new way and maybe virtual reality on top of that, going to create a way we interact with our technology. these are massive waves. the other is the creation of a new int