what is splunk? jim: what splunk is named dr. spelunking, and this is going after data and being able to use search through it. you can search through all of your data and be able to find what is going on inside your environment which is why it's so important from an security tool. it's about performance management, whether it be in the cloud as we switch to that environment to manage across that environment. ed: we knew that, we were just checking. jim: you're a smart guy. ed: i don't know about that. jim: chuck thinks it will be 9-12 months. in terms of regulation, there will be a longer. on other deals. you are starting to see things go for cisco and splunk there's a little bit of overlap. there really isn't much on the security side. from the application experience in the security incidents, while cisco is a decent size player, the two combined is still part of this fragmented set of the industry but not an antitrust issue. caroline: what is the competitive landscape that splunk goes against? jim: m&a can be disruptive to the

no dog named splunk.ut in the meantime, they have had this incredibly sticky group of customers, and everybody swears by them. they have observability and terrific cybersecurity. they're on the edge, which is something that cisco has done, and i think we're going to hear an amazing story and in the end, you're going to say, i want to buy cisco because they have the annual recurring revenue which is almost 50%, which had been chuck's goal for a long time. we will enjoy -- we enjoy meeting both of them together, and both of them are really a match made in heaven when you try to figure out where cisco needs to go in terms of growth. >> certainly one of the largest deals of the year without a doubt, and we talked about the fact that there has been some hope, some optimism when it comes to m&a starting to percolate in both the fourth quarter, which we're not even quite in yet, and next year. you know, i have heard this a number of times. this is the first true example of it, though, of a large deal. >> this is

splu splunk is being acquired basisco systems.s going to pay a good amount for this stock, and it's cisco's biggest deal going back to 2007 when they bought scientific atlanta. splunk is about all the cybersecurity element, and can cisco provide some of those solutions to clients going forward? so a big deal there. we're going to talk more about this throughout the course of the day. but splunk and cisco systems, the deal of the day. >> dom, thank you very much. >>> as he said, stocks are sliding after the fed paused yesterday but warned of another hike this year and higher rates for longer. the next guest says it's good news because the feds fund rate is getting closer to the tailor rule setting. joining you now is john taylor and steve liesman is here with us, as well. mr. taylor, great to see you again. yeah, before i go too far down the road here, give me your thoughts on the actions so far. >> i think they're in the right direction for sure. remember, it wasn't long ago, it was 25 basis points. and they're a lot closer now, 5

i mean, splunk hasn't seen that since 2021.or enterprise software, though not its peak. that's why it has important implications. there could be ceos in private and public markets, is there appetite for not just enterprise tech companies but still unprofitable ones narrowing losses. the timing is really, really interesting for a lot of enterprise tech companies. it could be a question between private equity and strategic acquisition. there are few big firms able to do a deal the size of a splunk. but there could be strategic m&a. this brings legacy tech into the picture. those companies are looking to reaccelerate top line growth. >> yeah, cisco, i.e., cisco. thank you, deirdre bosa. >>> cnbc's david faber reporting the hollywood writers strike could end today. his reporting coming up after the break. >>> of course, don't forget about delivering alpha, one week away. still time to register. just scan the qr code on your screen. we're back in just a moment. ♪ ♪ every day, businesses everywhere are asking: is it possible? with co

cisco buying splunk for $28 billion. shares of splunk up on the news. jim, you first. your take. >> i like this a lot. cisco's been a darling for me. i've opened it for over ten years, exactly matched the s&p 500. but with low drama. and they are paying $28 billion. they have $26 billion in cash and investments on their balance sheet right now. they generate $10 billion in free cash flow a year. so this is not putting them out. but what it does is it takes that cash that otherwise would yield whatever, 5%. they're going to have a stock that is now growing its earnings at 53%, at least that's what is the long-term growth rate of splunk. sure, people will argue the price is too much, and there's something to be said about the way splunk uses share based compensation. but i think they're get thing right now with a cash flow of around 4%, that will go higher once they squeeze out the synergies and as the company grows. i really like this deal. >> jenny, you own cisco, as well. >> so everything jim said, and in addition to that, it matches the strategy that we have seen the

cisco is buying splunk.ood morning, everyone. we're live from the nasdaq market site in times square. i'm becky quick, along with joe kernen. >> i'm trying to understand this from johnny bench. binger is 28 1/2 miles from resume speed. what is that? >> he must be using the audio version. >> i want to figure that out but go ahead. at least he's watching. >> u.s. equity futures at this hour. let's take a look right now. you're going to see that we are under some pressure. we've been here for a while. things got worse over the course of the last couple of hours. right now the dow is down by almost 200 points, s&p boff by 36. a lot of this because people are trying to figure out the fed's commentary yesterday. you'll see right now the 10-year yield has picked up to 4.45%, the 2-year 5.1 7%7% for the lat. >> two and a half miles. on cruise controls, take it off for a second, two and a half miles, you resume binger and that's how small it is. the more time passes by, the clearer that books. >>> breaking news, cisc

want to get back to cisco buying splunk. ray wang is with us. for splunk? why? >> two of the hottest things in the boardroom are a.i. and cybersecurity. splunk uses machine learning to look at the data to find patterns. when you bring those two together, that's a huge market especially in term eses of what boardrooms are are asking for, trying to protect their network, understanding data vulnerability and, of course, trying to get into the a.i. market. stuart: cisco's stock is down nearly 3%, but would you still call it a win for cisco? >> in the long term, it's a win it's going to add $4 billion of arr every year for sis eco, and more important ily, cisco's got the reach to continue to sell splunk into their model. both companies have data in the cloud and also on premises, and cisco's able to capture that and bring it together. stuart: i want to put tesla on the screen for a moment. non-union, of course. are they the big winner because the union is striking ford, gm and stellantis? does tesla win this one? >> stuart, tesla won before the strik

kenny gave us his take on splunk. now it is your turn.long time ago. that is what kenny just said. another saying cisco will destroy the splunk platform. that is not good for cisco's management. of course love hearing to you always. tweet me @cvpayne. love sharing them. my takeaway on this uaw strike. why the gop is missing a huge opportunity to support these folks. also coming up climate anxiety, vp kamala harris says why young adults are not having children. rikki schlott and madison alworth may have something to say about that. they react next. ♪. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. ♪ explore endless design possibilities. to find your personal style. endless hardie® siding colors. textures and styles. it's possible. with james hardie™. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile ser

and cisco oig wants splunk to ed its products suite.g revenues. their ceo joined "squawk on the street" earlier this morning alongside the splunk ceo is he spoke about demand for protection against the growing cyber >> customers today, they are rebuilding their entire i.t. infrastructure to deal with a multicloud environment. they are dealing with hybrid work, the home office has become a branch now. they are rebuilding all their applications. they are running them in a distributed way. data at the edge, workers everywhere. and so the threats and the dynamic nature of the technology architecture has changed significantly. >> so we mentioned the biggest deal had this history of cisco, guys. the previous one got to go all the way back to 2006 when they paid roughly $7 billion for a firm, you guys remember? scientific atlanta. >> cisco has done hundreds and hundreds of deals over its lifetime. >> of deals. but not this size, right. and remember -- >> how much of a premium is this? >> a huge premium. seven times forward sales at this point.

you could argue the same might happen with cisco and splunk.hing i thought, carl, is maybe if companies see that splunk was able to get 157 bucks a share, down from its low point of 75 bucks a share, they could want to hold on and maybe ipo on the horizon for at least the private companies facing either a takeover by private equity or a strategic acquisition. maybe that makes some of the enterprise software companies think they're worth more. it is the point, why would you maybe want to be part of cisco, right? part of a strategic acquisition by a company that struggles to find growth versus trying to find that on your own and having the market value you. >> yeah. the price discovery aspect of this whole dynamic is so interesting. deirdre, thank you. >>> speaking of price discovery, up next, the rich and famous are dropping hundreds of thousands of dollars on private clubs. robert frank's uptown with a live look. look at that, robert. >> leslie. from wine rooms like this one to celebrity chefs and health spas, the private membership clubs are r

splunk stock jumping.plunk has offices in santana row in san jose, but the main offices are in san francisco, meaning cisco's san francisco presence just got that much bigger, like 50% bigger. $28 billion, that is the most cisco has ever spent on anything. >>> we like to bring you news as it breaks, so we're constantly checking with the united auto workers. the uaw says it will continue to expand its strike. there are walkouts at three plants in the great lakes area. >>> the national association of realtors says home sales are down 21% nationwide for the year. that's not good news for home buyers. it means less selection. that's driving the prices up. about 4% nationwide. >>> this is an interview i did, like, ten years ago with a 24-year-old irish guy here in america on a visa. >> you are a guest in this country. >> i am. >> you employ how many people? >> we're 120 people. >> you are creating wealth for americans, but you are here at the pleasure of the united states government. >> if you work in tech, you

these headwinds certainly elongated the deal process for splunk. delayed but didn't stop big signings. yes, there's a lot more risk in this environment but that doesn't mean there won't be any deals at all. stocks will come down to compensate for this weakness and once it's priced in we're back to normal. difficult adjustment, though. third reason to sell, you're scared. you're just scared. you're up big or maybe you just don't want to lose a lot of money and lock in what you have like i did with "the fugitive" every day. this kind of selling makes a ton of sense for money managers who are graded on an not annual basis. about it doesn't make sense for you, regular investors, because it presumes that you can get out and then get back in at a better level. when things are, you know, safer. hardly anyone's that nimble to pull that off. in the end selling when you're scared and buying when you're no longer scared translates into selling low and buying high. the bargains come when you're frightened, not when you're feeling good. fourth reason, the fed.

>>> and later, will cisco's $28 billion deal for splunk kick off a corporate wedding frenzy? our traders will talk about deals that might make sense. welcome, everybody, i'm tyler mathieson, coming to you live from studio b at nasdaq, and on the desk tonight, karen finer man, dan nathan, guy adami, and michael kentopolis. we start with that great rate rise. the ten-year yields climbing within one basis point of the key 4.5% level. trading at their highest levels now since late 2007. the rally even more dramatic when you consider that yields were at 3.4%, a full percentage point lower, just a couple of months ago in may. two-year yields marking a milestone, touching 5.2% for the first time since 2006 before they pulled back. longer-term 30-year vez treasuries rose by 15 basis points. their biggest one-day jump since june last year. the latest move coming after lower than expected jobless claims, backed up by the belief that the fed would raise its interest rate target at least one more time. those fears also sent stocks down for a third straight day. major indexes closing at t

san jose based cisco is buying san francisco based splunk in a $28 billion deal. splunk is a data analytics company that also helps companies deal with cybersecurity. cisco ceo says the acquisition will help the company adapt to using more ai and speed up its business plan to bring in more revenue. the companies say the deal is expected to close by the end of the third quarter of next year. high marks for sfo and a new survey about airports in north america. consumer data company j.d. power released its annual satisfaction study. sfo ranked sixth among the nation's mega airports. those serving at least 33 million passengers annually. san jose, minetta and oakland international did not fare as well, though. out of 27 airports, they ranked 21st and 24th in the large airport category. that those findings, those handling between 10 to 33 travelers. the study examined factors including terminals, baggage claims, security checks, along with food and drink service, depending on the size of the top airports, were detroit, tampa and indianapolis. as well. all right. let's

. >>> silicon valley tech giant cisco agreed to a $28 billion deal to buy cybersecurity company splunk to boost its defenses against security threats that may come by the extended use of artificial intelligence. it comes as 350 cisco employees will be laid off next month. >>> still ahead, the haze still hanging around. darren will be up next to track our updated air quality conditions and a look ahead at the why chchoose betweween a longer l life or quauality of lilife? you u deserve boboth. and d with kisqaqali, a trtreatment fofor people wiwith metastatatic breastst c, you u can have b both. kisqali isis a pill ththat, whwhen taken w with an aromamatase inhibibitor isis the only y treatmentt ofof its kind d shown to bototh help peoeople lilive longer r and improvoe oror preserve e quality ofof . becacause you shshouldn't haveve to sacrififice one for r the other.r. kisqalali can cause lung p problems, oror an abnormrmal heartbebeat, which cacan lead to o death. it c can cause s serious skin reactctions, liliver problelems and lowow whwhite blood d cell countnts ththat may resesult in

so splunk, the snake and also because what looks like any of them. but look closer, and you'll see it's home to an animal that actually doesn't belong here. the north american bull from native ship hawks of the us, canada, and mexico. the from the now spreading throughout because gwen region adult films will eat anything they can, including other i'm fabian's, and even smaller rodents. the tadpoles can reach 10 to 15 centimeters in length and have no natural predators in the lakes here. no one is really sure how bullfrog came to be here, but that all theories, bonds by on the solution for a year or 2 ago, you can legally bible from the top polos impact store to expand it was great for kids to watch the top it all is great, but then you end up with a problem of just getting big a room. big hope all is forgiven that if you can't keep it in the garden anymore, but you also don't want to kill everything. so people released the folks into nature, the low to burn in his tooth number did not to and left over you come by, tadpoles anymore, and the damage is

it got splunk at the bottom of the support at the g beach, but that most of all, i do wish that dora said wouldn't, you know which it's of african, i'm natural sound like the absorber near future in the opposite end of the it seemed to me what the, what the northbrook with which inquisitive nation you can actually stand on the front news for me sir. is there phone down for us to discuss with you about the money that i need is to oh yes, i understand too loud. i bet good money. but the way it might be a good day for us, ma'am. i need a new way. anything that apple i got the la mind is the monday wilma with the last week. it is equal level and you said you need to buckle my d silva. just you on the plasma, what, what tv is, what it was that we can convince to city, family or money given to us better? how about and please the down by 3. 0, to keep all of it loud, easy. i'm assuming agreed the but as it did is it, oh oh, no. it is it? i don't i didn't no guns up on top of it. i love the just about the button or is on the button, but then on the left and then the, the, the, i use the the,

i have a 2 point lead over ralph who are in the 3rd, but low splunk. those can go top to say beat 2nd place serona. later on saturday, so they've been in big little bit of no, no, but i've been, i'll keep an eye on the round good match, but i won't be able to watch it. it is a shame and i wish the best team winning suddenly that we did our job. maybe we would remain lead is maybe not so, you know there's, but we have to enjoy our victory because that is what we can control. i don't know . it's a massive day in english, probably with all of the top teams in action, all the pick of the mattress. these 2 inform teams face off live her pull, take on talk them. both teams are undefeated in the appeal so far this season they read go into the match, fumbling of victory, and the lead cap mid week taught them, however, have had more rest their motors. most recent game was last sunday's draw against arsenal. this is of course, the 1st season for square isn't boss and post the car blue in england. i lived full managers looking forward to fixing him. pretty sure e

so, splunk, the snake north of cause what looks like any of them. but look closer and you'll see it's home to an animal that actually doesn't belong here. the north american bull from native ship hans of the us, canada and mexico. the folks and now spreading throughout because glove region, adult films will eat anything they can, including other i'm fabian's and even smaller rodents. the tadpoles can reach 10 to 15 centimeters in length and have no natural predators in the lakes here. no one is really sure how bull frogs came to be here, but that all theories, bonds by on this, please give us a year or 2 ago. you can legally bible from the top polos impact store from the implant. it was great for kids to watch the top it all is great, but then you end up with a fro. they've just gotten bigger and bigger balls positive on that. if you can't keep it in the garden anymore, but you also don't want to kill everything. so people released the folks into nature, the low to burn in is truth. no, no, but i do not want left over. you come by, tadpoles anymore,

it got splunk at the bottom of the support at the g beach, but that most of all, i do wish that dora wouldn't, you know which it's of african, measurable, someone to observe on your, for legit and, and that's the opposite of get the it seems to me what the, what the dual buck with watching possessiveness lashania can actually stand on the news for me sir. is there phone down for us to discuss with you about the money that i need to? oh yes, i understand the loud, we see a bit of money, but the way it money is that correct for spam? why me put a new way anything that apple i've got the law might easy. monday wilma book, the last week it is equal level and they said you need to buckle my d silva. just you and the plasma what, what tv is, what it was that we can convince to city, family or money given to us started. how about and crazy don't buy to your level of it. louder. c as in igloo, the was it the oh no, as it is it. i don't, i didn't know guns up on top of it on the still in the bun or is on the button, but then on the left. and then it was the i use the the, the, the room i was

the process in gene it was very impressive to have this, this song that i remember from the 8th is splunk. tanya is me being song and in on the streets where people that were left out of the system that wanted to again have a sense of purpose. i would say that the never thought it would be. it's being so crucial for survival. i thought would be where this kind of thing that you would only do once you've sold your basic needs, unless we change that and i or david goes back to again to the question of creating a collective sense of belonging. and i think the word belonging matters. look, we're living in a world where your value is, is based on your belongings known. unimproved oh, how different would it be if our system of values was based on belonging, the the societies that communities, the brooks that offer us glimpses of there is i'm gonna turn that too fast. but unless this becomes something attractive, something seductive is going to be uh, just wishful thinking. absolutely. i thinking in south africa, the architecture is either focused on becoming the image of the north or the west,

the magnitude 6.8 from the splunk flights on a busy friday night. many more of being injured, but getting some of the hardest hit harris will be difficult because of the iris geography. official site has been significant and widespread damage across several regions. the shocks were felt as far away as the coastal cities of robots, casablanca, and the swell. a lead is meeting at the g 20 summit in the indian capital, new delhi of agree, the joint declaration, despite differences on the conflict in ukraine. the communique ones against the use of force for the territorial acquisition, but it is avoids direct mention of russia both moscow and k is to ensure global deliveries of grain and of food products. india prime minister under, under moody, fully advised the 55 member african union to join the g 2011. and this can take a prime minister is told palestinian and president who would i boss that fighting between rival sanctions at the island? headway kept dozens of the palestinian pools, gave me a call to says the escalation of violence between palestin

as are the major upset to the us, open po, this top see the iga, splunk young tech's title defense came to an end with a free set. last of the now, so bank, or from left bill, despite winning the 1st steps and comfortable fashion, defending champ found no answer for us to think those bold and aggressive stuff in the 2nd and said she on takes lots are so means the 75 week sweet as the women's work number one will come to an end, at the conclusion of this tournament of the bank will build face home crowd favorite purple gulf in the next room. and he says, it looks worse than it is. germany is just slow enough short. it's has posted a picture of himself on social media with an eye patch after a running accidents, even the scratches and bruises on the johnson's face. the many who saw the image online wished him well, while others responded with tired means and other jokes about shots. as new. look, doctors have advised him to have a patch for the next few weeks. spokesperson says the johnson, well, considering the circumstances and that's it. from me of it always seems hung up, don't go awa

the magnitude 6 points, a ton of splunk flights on a busy friday night anymore. been injured, but getting to some of the hardest hit have is, would be difficult because of the areas geography. officials say there's been significant and widespread damage across several regions. lead is main thing at the g 20 summit in the indian capsule, new delhi of agreed to join the declaration, despite differences on the conflicts and ukraine, but communicate williams against the use of force, a territorial acquisition, but avoid direct mention of russia. a lebanon's kind of take a prime minister has told the palestinian president, fighting between bible fractions of the island highway camp. dozens of the palestinian cause they gave me coffee, says the escalation of violence between palestinian um groups. but the and the most, the news is a grave risk. philip and then 2 sides had agreed to cease 5, but 5 interrupted again on saturday morning 3 people have been killed. is that a whole that has mall for millions of headway? this is a one square kilometer account worth tens of th

apology to the big in terms of the whole goal of a lot of the same time, to new, into support on splunk. so ukraine, which has incorporated near, not c originals into its military, russian, i'm positive and kind of, i had also said most good, good thinking expedition, requests and games to figure out the sense of the parliamentary scandal. he added that a while and kind of that would clearly would daily love to put this guy moved behind it onto a needs to take responsibility for the offense could around the world of the so called apology delivered by prime minister to low and the house of commons is not an apology at all, and these words are not enough. i believe that despite the deep controversies between moscow in auto, amid the current geo political situation, the government and parliament of canada are obliged to find the courage and apologize to all russians into the russian community of canada. for the shameful incident that the whole world witnessed on september 22nd. aside from russia and poland is also considered a, an extra additional claim for the specimen will sort of sent a

started the, i was breaking news it from crimea, where the ukranian army has launched a missile. splunk on the black sea fleet headquarters and the city of service stopped well with clouds of heavy smoke visible in the city center. no casualties have yet seen the poor sit with emergency services at the same toppling the resulting place. local authorities say a missed on franklin to fold in net the sea. so officials are asking people to stay in those old goes to the nearest, at a rate shelters as the 2nd attack could take place in the area ok. be fully updated on any more news as it comes and stay with us for that. or at least a few people have been arrested as protests in all media continue for the full stay locked by the siege of here to advance main government building and nearby and streets as could relate to states. i was not from a correspondence with long calls referencing following the raleigh and the body. and protests of the government's recognition ethnic owner turned back as positive as that by john ramon. very good to see you. could you give us an update on what's been happe

i look like you just, you know, we're used to splunk, it's a door variable. the go to of, of using a c or b a is that i c, sharpie miller should have some of ours back on here for the last of october. so you did you, i knew what the oldest candy is this nicole something. and we 1st thing i'm over at the back. i've got, i see is daniel insidious mann middle. see him cook and i thought i'd see. but the g look stolen, not knowing, get back on that. it could let me just get what could it be loose? got kind of was it? i mean, is there a gave me but i piece listed on them. if you just use every single political in you put in those guys. yeah. the most that i know slid the woods assembly the brown boy that which i system the previous words with with them slot you would. they would just gun yesterday, or she marla with the nation, the home that used to stick him in that or what the make up she had to buy. but then what's the, it's a natural, a processor for staying in the media. the of seeing is that is to me and if systems they had to me, it gives you kindly bid, ri

oh be it's a virtual one about splunk software package that could contain the future of health care. the devices inside, they don't click it, but you'll have pulse, breathing and blood pressure and said readings to medical professionals, fire a small if i just have to wait and know that it means a chronic, pulmonary or spare tree disease doesn't require a hospital stay. i was a i thought, well, a good idea. yeah. i didn't want to stay in the hospital in the hospital, you caught so be going into the gardens when you're at home. i think you recover better your around friends and family, but you've been told few of the monitored. so you've got that in the background to not helps. you know, you've been telfair and just press the button, checking in on people like on by phone, other stuff with the n h s at home program. a partnership between community health care and local hospitals will, than a 160000 people have already occupied virtual beds on the u. k. 's national health service. you seem to show a practical place for him does have cost like nothing, like a busy hospital ward, but the

i q, g c, a reactive splunk. it's a door variable, the governor of using a c o, b a, is that i c sharpie miller shoot. you saw my wife in that garden here from the last several subversive would be. do i need to put them in the is this nicole something and we 1st thing in was it looked at the dog that i see is sonya insidious mann middle. see him. cook a lot, but the c thought c, b, d, look style and i know i get stuck on that. it could let me just get what could it be was gone now? uh should, i mean is there, give me what it is listed on the move. you just use every single political in you put in those guys? yeah. most dental slid, the woods assembly the probably the which our system deputy this with, with with them slot you move this will just going yesterday or she was with the nation, the home that you just a sticking and that will democrats here but, but then what's the it's a natural, a processor for staying in the media. the of seeing is that is to me, give systems data to me. it gives you a car to the bid,

i q, g, c, a reactive splunk. it's a door variable, the governor of using a c o, b is what i see. sure, premium solutions, just some of ours back on your simplicity of, of the basic would be do i need for them? well, there's gonna be this nicole something and we've posted anymore. it's not that the dog that i see is daniel, insidious mann middle. see him cook a lot. but the c thought c b, d, look stolen, annoy, get stuck on that. it could let me just get what could it be was gone now of the said, i mean, is there a gave me but it is convinced that on the move you just use every single political in you put in those guys. yeah. the most that i know, slid the woods assembly the brown boy that which i system the previous words with with them slot you would. they would just gun yesterday, or she marla with the nation. the home that you just where they came in that are the make ups here, but. but then what's the, it's a natural, a processor for staying in the media. the of seeing is that the summer give system instead to me it gives you a car for the bid i had. so i put some new cars ar

pristine parts of the amazon headed by a central original together with scientists from germany's mex splunk institute, including stefan voice a lot. but it's a long journey to the, to the usually 7 right now, a lot of the destination is an extremely remote nature. reserve the a, there's a little town c lovely. i some updates toner than the eiffel tower on a wanting lots of a method for made is colla e, right? the amazon told tower observatory or actual is truly exceptional. the only other 2 tower is diesel to tower and siberia, the it's highly sensitive instruments. mean, the actual tower has to be located some distance from the research base itself to ensure that the data collected is not compromised. the sensors positioned all the way up to tower take continuous samples of aerosols. both miniscule particles swept from the trees by the wind. and dusty bacteria, poland, and other mineral matters, suspended in the air. all found in the lower layer on the mr. the samples are then sent to container laboratories, which are seated with the equipment to properly analyze the aerosols. the great po

san josÉ cisco is buying splunk, they will pay $157 a share, which is a huge premium, as you can see last night's closing price. if you have stock in splk, you are buying lunch today. wednesday, a lot of money came off the table for instacart, and instacart now down close to it's ipo price at $30. and then the fed did not raise interest rates at the conclusion of the two-day meeting yesterday. they seem to be getting the soft landing they were looking for. but there's three threats to our economy, a government shutdown that is all but certain, and the return of the student loan payments and the auto workers strike. >> you know, the thing about it is, it's so uncertain it will depend -- the economic affects, it could affect hiring and inflation, but that's going to depend on how long it is and how long it is sustained for. >> imagine you are a striking auto worker and you are not making a salary, and your husband or wife works for the federal government and it shuts down, and then both have student loans, and that bill returns next month. that will be tough on a family and tough on lo

a lot of momentum and we know they work, been ignored part of a conglomerate and i like the cisco/splunk deal a lot. see software 50% of their total revenues. this deal will be gross margin and cash flow "credtiveayccredie first year. bought that, too. >> thank you. >>> good to our "question of the day," is the recent pullback a buying opportunity? head to cnbc closing vote to answer. >>> and following latest developments out of the united auto workers strike expanding in a major way. phil lebeau here with more. phil? >> reporter: outside a mopar parts distribution center here in romulus, michigan a little west of detroit. i want to give you sense of just how widespread the new strikes announced by the uaw. look at this map. 38 gm and stellantis parts distribution centers, uaw are on strike. not huge employers. often 100150 employees in them. altogether another 5,600 uaw members on the picket line. earlier we talked with president of uaw outside a different parts distribution center he said these centers are critical to what they want to send a message to the automakers about. >> gm and

the macro weakness, we heard it from gary steele yesterday, from splunk. mean, all these -- >> what did you hear from him on the macro yesterday? >> he called macro headwinds. this was before you brought out the rubber hose, and you read him -- didn't read him his miranda rights. you just went right in. witness for the prosecution. i got to tell you, you came at -- >> isn't it true, mr. steele? that was david's style. >> point of order, david. point of order. >> i disagree. i just asked him why he was selling and he didn't seem to be able to articulate it as well as he might have hoped. >> why did you take the giants and get ten? >> i didn't. oh. >> ten and a half. >> yeah, i guess the reaction on splunk-cisco, we got a couple loop in rbc, good hold. not a lot of clarity on execution risk this morning. >> i don't know. i think that cisco very much needed to have that -- the rate of -- they needed a continual arr. they needed a continual revenue stream. that had been the bug-a-boo. people said they're still a hardware company. they're not. i genuinely belie

the dow dragged by cisco after they announced they would buy splunk for almost $28 billion. speaking of tech, nasdaq the weakest of the three following the fed decision and chair powell's comments. nvidia and amazon among weaker names today. yields are the real story of this day. they hit fresh cycle high across the curve. that's probably taking a toll on tech as well today. our talk ever the tape, whether the fed upended hopes that the rally in stocks may soon resume. well, let's ask cameron dawson, new edge wealth. good to see you. is that what happened? did the fed do that? >> i think that the reality that hire heyer yooemields has surprised to shrug off a tighter fed and higher yields. i think we are at the point where the market says, hey, maybe we won't get those cuts in 2024 as early as we expected, and if we look back when we traded to the high back in july, you were trading at 20 times forward for the s&p, 33 times on the nasdaq, and so that was a very full and mitch multiple if you weren't going to get support from the fed. that was the message that the fed gave ye

just go to covid test.gov to order number six, san jose based cisco is buying cyber security company splunk for about $28 billion. >> just last week, cisco announced it would lay off 350 people and number seven tonight, the 40 niners are returning to levi stadium for the home opener . >> they're playing the giants at 515 to night. the 49 ers are looking to go three and zero for the year. >> all right. >> well, we end on sports night. >> i know. >> i got nothing for you. >> when team go points go teams go teams. enjoy things. >> good morning america. for our viewers in the west, new action on the border crisis. overnight the white house announcing new action, sending a surge of active duty defense department personnel to the region, with thousands of migrants arriving daily, as one city in texas declares a state of emergency. plus linsey davis has an exclusive with ron desantis, weighing in on the crisis. >>> breaking overnight, russia unleashes devastat

cisco, to us, the catalyst was this purchase of splunk because now they're able to look at their software, their cybersecurity, their cloud, really synergistically put that together cisco stays there, prints money, prints money pe is around 17. very manageable. you get a 3% dividend. the increase is like clock work 5% every year, it is a stock you can look at here, little more boring tech, but in the tech space. conocophillips and energy, there is thematics there they're printing money they have special dividends that pay out like unbelievable rate they have been increasing that special dividend by over 30% a year for the past five years 13 pe, over 3% dividend, probably somewhere between 3 and 5 and break it all out with the special dividend whether energy is priced at $80, wti or 110, these companies are making money, focusing on shareholders, also buying back stock and that's how we want to position our portfolio moving forward. >> you mentioned tech. i'll steer you -- you haven't seen this headline, i'm about to read, i want your reaction to it in a question that i'm going to ask you.

oh, be it's a virtual one about splunk software package that could contain the future of health care. the devices inside, they don't click it, but you'll have pulse, breathing, and blood pressure and said readings to medical professionals, fire a small if i just have to wait and know that it means the chronic, pulmonary referred for disease, doesn't require a hospital stay. i was a i thought, well, a good idea. yeah. i didn't want to stay in the hospital in the hospital, you caught so be going out into the gardens. when you're at home. i think you recovered better. you're around friends and family, but you've been told few of the monitored. so you've got that in the background to not helps you know you've been telfair and just press the button, checking in on people like on by phone, other stuff with the n h s at home program. a partnership between community health care and local hospitals will, than a 160000 people have already occupied virtual beds on the u. k. 's national health service. you seem to show a practical place for him does have cost like nothing, like a busy hospital wa