next up, we're talking about this symantec. getting bullish on symantec after announcing that deal to acquire blue coat systems. they're moving the price target to $21. blue coat, of course, known for the aappliances. it's been expanding to the cloud another hot area. blue coat got $2 billion in debt and coupled with symantec's money to finance the deal this means a higher leverage level. >> when is it appropriate to call something a long suffering. i'm a chargers football fan s that long suffering. >> down it 23% in one year is long suffering. >> it's an $18.40. it was a $19 stock in 2006. if you traded it, you made a little money. the stock hasn't moved overall on a net basis in a decade. >> yeah. and how many sib area tacks are there? constant cyber attacks. that is the story of that sector. >> let's calling it long suffering. >> today's under the radar name,

another deal not getting much attention is symantec buying blue coat software. we are also looking at other smaller energy companies as potential targets. is this all-out war on salesforce? edin couldplus link be a from edible challenge. -- could be a formidable challenge. >> it will be interesting to see the way the rest of the industry response. >> i'm sure it will be interesting to see how the industry and customers respond. it is all about adding value to our customers. >> the biggest question of all is integration execution. can microsoft make this work? microsoft has not had a great history of integrating big deals. if you look at nokia, or skype to a certain extent. one of our gadfly columnists put it bluntly, can microsoft do

symantec is buying blue coat systems, bringing it a new chief executive. a month ago, didi received $1 billion investment in apple, now $600 million. investors are waiting on the fed, the boj, the bank of england. taiwana, singapore, and start off their trading week. >> it is a central bank waiting game this week. a bit ofeing quite trepidation ahead of those key policy meetings. malaysia, singapore, and taiwan joining in the selling. we are still seeing significant weakness from korea, japan, and new zealand. australia closed for the queen's

as for another top performer, symantec up on an upgrade. and analyst saying that the glucose acquisition has mitigated concerns and should help to drive favorable near-term financial optics, also known as numbers going in the right direction. scarlet: thank you so much. at the guild doolittle reporting live from the nasdaq. alix: facebook is holding their annual shareholders meeting later today. >> this is very consistent, or very similar to what google did about 6-7 years ago. what they did is give extra economic and voting rights to the majority shareholders today which is essentially mark zuckerberg. what this allows him to do is give away some controls without changing voting control.

symantec is buying blue coat systems, bringing it a new chief executive.onth ago, didi received $1 billion investment in apple, now $600 million. investors are waiting on the fed, the boj, the bank of england. taiwana, singapore, and start off their trading week. >> it is a central bank waiting game this week. a bit ofeing quite trepidation ahead of those key policy meetings. malaysia, singapore, and taiwan joining in the selling. we are still seeing significant weakness from korea, japan, and new zealand. australia closed for the queen's birthday holiday. is leading the losses in the region. now at one-month lows. all of this trepidation has seen a big surge in the, so stocks under pressure, weakness and commodity prices weighing on materials and energy players. out of the 225 stocks on that index, only two are in the black this morning. korea down by 1.5%, and new zealand off by .5%. futures are suggesting weakness from china and hong kong when they open at the bottom of the hour. a big week, chancellor angela merkel in china, and china trade production

symantec tech systems -- blue coat systems. symantec has created a new office of the president after the surprise to parts or of its ceo. asian futures are pointing to a negative start for the trading week after global markets closed lower on friday. juliet is watching the board for us. what can we expect when japan and korea open shortly? investors woke up on saturday and saw this red coming through from wall street. a lot of trepidation for markets in the asian region. it is looking less likely that we will see the market moving higher. ball flight 1.3%. camean see the asia index under quite significant selling pressure. down to half percent. australia is closed as the country marks the queen's birthday. in japan there is a big bank of japan meeting this week. we are seeing the yen start to strengthen. korea futures also suggesting we will see losses. 0% on the bloomberg function. very few people think they will increase rates. a few weeks ago they thought there might be as much of the one i

the technology aspect of cybersecurity differently. >> very broadly, the old guard companies like symantecabout keeping the bad guys out. kind of building a wall around corporate digital networks and trying to keep the bad guys from breaching those walls. the newer guard has the philosophy the bad guys will get in no matter what we do. we have too many vulnerabilities, so the trick is to minimize the damage once they get in and protect the assets that matter. emily: we will have to leave it there. thanks so much. we will talk more about brexit and ipo's. ♪ >> you're watching "bloomberg west." let's begin with a check of your first word news. massachusetts senator elizabeth warren joined hillary clinton on the campaign trail today in cincinnati, ohio. warren offered a harsh critique of clinton's likely presidential challenger. >> donald trump believes poor, sad, little wall street bankers need to be free to defraud anyone they want. hillary clinton believes that we need strong rules to prevent another financial crisis. >> mr. trump took to twitter writing, "crooked hillary is let's get the

symantec shares have been surging.ompany has been trying to remake itself away from its antivirus roots and follow the evolving needs of cyber security. the company is going to get a new ceo. blue coat moving over to take the helm as well. that is another reason we are seeing the shares gain. although symantec has gone through several different ceos over the past several years. nvidia this morning, raised to a by getting a big boost in price over $35.$55 analysts they're talking about higher average selling prices for the chip, as well as some new videogame titles that could by nvidia. exxon mobil today as well, talking about the rally in energy stocks as oil fluctuated, trading at a 52-week high. shares higher by 1%. finally, one of the sort of fallouts from the mass shooting, like we saw in orlando, the typical pattern, a surge in gun stocks. typical speculation that there could be increased regulation of guns, so we tend to see spending patterns on guns go higher. people buying more guns as they anticipate the regul

. >>> symantec has announced it will buy cyber security company blue coat for $4.65 billion. a result of the purchase, 62% of symantec's revenue will got from enterprise security. >>> and we'll bring you up to speed this morning with the german market down by 1.4% sentiment. the s&p is indicated lower by five points. the dow lower by 34 points. the nasdaq is lower by ten points at this point. obviously, what we saw at the back end of last week, particularly the back end of the session was that poll for end dependents on the brexit. a ten-point lead for the leave campaign. we'll watch the moves in sterling this morning. in particular, euro/sterling hitting the eight-week low this morning. trading at 1.41 against the dollar. the level there, if you look at the options market, in particular, too, the pricing here, there is zero liquidity to try to offset some of the volatility and the record highs that are really extreme. we are joined by the chief investment officer at brynn moore trust. one of the reasons we saw the brexit looming, how important is it for a sentiment in your v

symantec jumping nearly 6% right now. >>> up next, are janet yellen and her federal reserve crew readyraise despite the ugly may jobs report? our expert traders tell us if the markets are just waiting for wednesday and what might happen and what you should be doing in advance of that. we're headed to the floor show next on "countdown to the closing bell." get ready for the rio olympic games by switching to xfinity x1. show me gymnastics. x1 lets you search by sport, watch nbc's highlights and catch every live event on your tv with nbc sports live extra. i'm getting ready. are you? x1 will change the way you experience nbcuniversal's coverage of the rio olympic games. call or go online today to switch to x1. liz: i want you to take a look at the intraday picture of the dow jones industrials. we are at session lows or just slightly off them at the moment. down 103 points at 17,761. it's been a very choppy day. we're watching the fear factor for investors today as they flee to safety of things like bonds, gold and the japanese yen. this is all in advance of tomorrow's two-day-long federal

. >>> more stocks to watch, symantec is going to buy blue coat systems in a $4.6 billion deal to give them access to cyber defense technologies. blue coat's ceo will also take the top job at symantec after the deal closes. >>> walmart canada will stop affecting visa. the fees remain unexpectedly high. verizon and at&t go to the third and final round of bidding according to reports. yahoo! hopes to finish the action by next month. >>> when we come back, it's the top story. only ten days until the uk voters head to the polls to decide britain's future in the eu. a big movement in key polls over the weekend. bookmakers' odds are narrowing and the global markets are taking notice. up next, john longwood, the charmt of the vote leave business council making the case for an exit from the eu. very interesting coming from a member of the business commute. we'll have that for you when "worldwide exchange" comes right back. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you c

symantec's had good quarters and maybe this breathes new life into symantec, but i thought they paidit. but that's because they got new leadership and they have a pulse. wow, symantec's got a pulse. >> 60% of their revenue's going to be enterprise security. >> that's still growth. and we know that from cisco and from palo saalto. >> we have not touched on walgreens-thernos, resolving that relationship. >> walgreens put them on the map. i remember when that deal was announced. what's so amazing is the market is so -- the market can be really stupid, it can be really smart. take a look at the stocks of quest diagnostic and lab corps since it was ruled that thernos was not what we thought. and they have been straight up. thernos was supposed to be the lab corps killer and the quest diagnostic killer. it killed no one other than the investors at thernos. and one of the great things about the way wealth is calculated is you can't have minus wealth. but listen, talking about $9 billion, you want to say it was down. it was the old management that did that deal. they knew better, the new guy

symantec is prevented by the private security company for about $4.65 billion.nible] $150 million a year. the ceo will take over the combined corporation after the deal is done, probably in the third quarter of this year. walmart is reporting the ready to name the ceo of the supermarket chain. the announcement about shot clock's numeral could be based this week -- about sean clark's iran saysould be -- the oil contracts still need provisions but it is confident the deal will be signed soon. the country is hoping the new contract will draw as much as one of $250 billion from million dollars from investments from local oil companies each year. chin with thed latest headlines. the leaders of spain's for biggest political parties go head-to-head tonight. this is -- the country is headed for its second election in six been stills -- joins us from madrid. a good day, good to see you. what are you going to be looking out for? thing willteresting see how sharp the attacks are against roy. .- against roy last time he refused the bank except for the socialist leader. that

symantec is preparing a deal for 4.6 billion dollars. it is expected to close around the third quarter of 2016. with the purchase comes a new ceo. announced michael brown was stepping down. china life insurance has put $600 million -- the investment includes $300 million in equity and 300 million in long-term debt. the two companies have agreed to form comprehensive partnerships on internet power financial innovation. last month, didi won investment from apple. the company is looking to raise about a billion dollars. it could have pulled $4 billion had it listed earlier. evaluation -- the valuation could be much lower than its rivals. the final price will be set next month. group units are taking up tumble, falling. shelved whatate could have been the biggest ipo this year. becauseeen put on hold of the widening investigation. >> it may be being pulled. lottie group says it will be physically difficult to complete the procedures for the ipo by the deadline of july in this is because of the steps they may need to take. this comes in the w

we have not touched on this much because it is dwarfed by the linked in detail, but symantec was boughtn sunday. >> it is just one after another after another. i cannot remember any stretch quite like the last two months. there is a sweet spot of companies being scooped up now, and i think that will continue. we will see a handful of others go that way, either being bought by strategic players or private equity. will we see any more megadeals? with linkedin off the table, will that spur interest with twitter? twitter was up 8% on the news linkin got acquired. there are investors that feel twitter is a takeout candidate. a $20oft ponying up billion check for linkedin, maybe that spurs a rival to pay $10 billion for twitter. emily: you wonder if it is realistic or wishful thinking. let's move onto scoop number draft kings and teaming up. >> there have been talks for several months between the two largest daily fantasy sports players that have been in the news quite a bit, first because valuations popped last year. both of these companies were valued over $1 billion. than they got into leg

frontier communications up and symantec up by three point 5% in part because of an up date -- neutral,rom a buy to a analysts saying it's on the cusp of a growing profit tanks to its acquisition of bluecoat. merck pharmaceutical rallying after its lung cancer drug was found to meet some of its goals. david: the word of the day, the week, the month is risk. greece is not the word, risk is the word. let's take a look at what is happening with the vix. today,p on the year and we did see the vix jump higher to the 21 mark, coming off of that just a little bit. for the past four months or so, we did see adding in the vix down to the 13 mark, but pushing back higher to highs not seen since early february. i want to talk about the u.s. 10 year yield, dropping and is now up a little bit higher. drop rightsis point there. check on theget a headlines with taylor riggs in the newsroom. has died u.k. lawmaker after meeting with constituents. ofcox, a labour member harlem it was shot twice. she was 41 years old and was elected last year from west yorkshire. police have arrested a suspect and campa

symantec announced in april that ceo michael brown was stepping down as it reduced its sales and earnings forecasts. japan's favorite messaging app has pushed ahead with its ipo. cost it a pretty penny. the company is looking to raise about $1 billion. line's evaluation might be much lower than its rival as investors call on the tech sector. the final price will be set next month. chancellor angela merkel has called for foreign investors to have the same rights as local shareholders in china. meeting with lee could chain, she said the rule of law was crucial and important for relations between the countries. merkel said no one wanted a trade war between europe and china and germany support a stronger voice for china at the imf. president obama says the gunman who killed 50 people at a florida nightclub was filled with hatred and the massacre is being investigated as an act of terror. wounded.3 people were it's the worst mass shooting in u.s. history. the killer has been identified as omar mateen, a 29-year-old u.s. citizen born in new york to afghan parents. the fbi said he talked about t

symantec agreeing to buy blue coat systems at $4.6 billion deal.ive symantec access to cyber defense technologies. blue coat ceo will take the top job. and verizon and at&t are set to go to the third and final round of bidding for yahoo!'s assets. and they are hoping to finish the auction by the end of next month. >>> more on the tragedy in orlando when we return. officials holding a news conference this morning. an june date on the investigation. those details after the break. at 8:30 a.m. florida governor rick scott will be joining us here on "squawk box." stay tuned. we'll be right back. ♪ for decades, investors have used a 60/40 stock and bond model, with little in alternatives. yet alternatives can tap opportunities that traditional assets can't. and even though they're called alternatives, they're actually designed to help meet very traditional goals. that's why invesco believes people should look past conventional models and make alternatives a core part of their portfolios. translation? goodbye 60/40, hello 50/30/20. there goes my sensitive

symantec brings threat, e-mail and data security. blue coat has been a leader in cloud gateway security which is critical as we go furtherer in that direction and is also very strong in network and advance persistent threat, detection and response. it's a very synergistic deal. in terms of some other areas to watch, i.o.t. security is going to be a big deal particularly as it relates to industrial security. we continue to think there's going to be very interesting properties around both identity and data security or other areas. >> are we going to see more deals whether it's i.p.o. or acquisitions? and if so what are the companies that are going to be in the cross hairs? >> i think there's a number o good company, $100 million-plus, growing and profitable. some may make it. i think in another area that factors very squarely into security the private entity players. i would highlight toma brava who have a business model that's very conducive to growing security companies. they're less worried about security result. they can invest for

another deal not getting much attention is symantec buying blue coat software.e are also looking at other smaller energy companies as potential targets. is this all-out war on salesforce? edin couldplus link be a from edible challenge. -- could be a formidable challenge. >> it will be interesting to see the way the rest of the industry response. >> i'm sure it will be interesting to see how the industry and customers respond. it is all about adding value to our customers. >> the biggest question of all is integration execution. can microsoft make this work? microsoft has not had a great history of integrating big deals. if you look at nokia, or skype to a certain extent. one of our gadfly columnists put it bluntly, can microsoft do this wiht -- without breaking its new toy? i am emily chang in san francisco. manus: a great round up by emily. i've gone to bloomberg intelligence. they have run the numbers to see who gets what. this,med, take a look at these are some of the stats. for hundred 33 million users from linkedin. 7 million active job listings and 2 milli

important to remember her claim she had more of the popular vote was kind of symantec. she was counting the disputed results in michigan and florida. but still, two days after those comments barack obama passed the magic number. two days after that, bernie sanders officially endorsed barack obama. and then on june 7, and i remember it vividly because i was there, exactly eight years ago tomorrow hillary clinton conceded the race. so the question today, does bernie sanders carry his campaign all the way to the convention or is this history repeating itself? as we near the finish line in what has been a long primary season, we'll check in with our team of reporter who is have been covering this race every step of the way. in just the last half hour, we heard from hillary clinton as well. so let's start with nbc's kelly o'conne o'connell, kelly o'donnell covering the clinton campaign. >> reporter: there's a lot of excitement here before the primary voting. of course, many californians have already cast their ballot in early voting. many will also be at the polls tomorrow.

symantec is preparing to buy the cyber security company -- for $4.65 billion.xpects net savings of $150 million per year. will take over the combined corporation after the deal is done. and iran says its new oil contracts still needs revisions, but it is confident the deals will be signed soon. the company is hoping the new contracts will draw as much as $50 billion of or in investment each year from global oil companies. and that your bloomberg business flash. guy: thanks very much. the u.k. prime minister david cameron says he is confident the campaign to keep britain and the european union is working. the latest polls say opinion is too close to call. a survey says 44% support remaining, with 42% backing the brexit. the pound has been coming under pressure as we approach. we are trading on the cable rate at 141.78. i want to take it to the bloomberg and show you what's happening in one-month risk reversal. skew, and what this continues to signal is that people still believe the biggest move will be to the downside by quite significant margin. logically you w

as for another top performer, symantec up on an upgrade. saying that the glucose acquisition has mitigated concerns and should help to drive favorable near-term financial optics, also known as numbers going in the right direction. scarlet: thank you so much. at the guild doolittle reporting live from the nasdaq. alix: facebook is holding their annual shareholders meeting later today. >> this is very consistent, or very similar to what google did about 6-7 years ago. what they did is give extra economic and voting rights to the majority shareholders today which is essentially mark zuckerberg. what this allows him to do is give away some controls without changing voting control. as he does his presentations overtime, he will retain the b shares. >> this is a time when shareholders at facebook are happy. shareholders have done well. in general, people don't like these sorts of structures. have any institutions come forward to raise questions? >> i'm sure they have. we have not seen anything specific. if you wanted to be a one vote a to raise o

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symantec has been trying to evolve from being an antivirus software company to the new cybersecurityl speaks to that. the bluecoat c.e.o. will take over the helm of the entire company when the deal is done. david: thanks very much. we are going to hear more on the update from the orlando shootings. >> thank you, david. the f.b.i. is investigating the worst mass shooting in u.s. history as an act of heroism -- terrorism. authorities say omar mateen called 911 to claim allegiance to islamic state before opening fire in orlando. 49 people were killed. 53 were wounded. mateen was killed in a shootout with police. f.b.i. agents interviewed him twice for suspected ties to terrorism, but the investigations were dropped for lack of evidence. bernie sanders will meet with hillary clinton tomorrow night. clinton is the presumptive nominee. tomorrow is the last primary in washington, d.c. sanders is hoping to get some of his positions in the party platform. in beijing, the chinese premier and german chancellor are trying to limit conflict over trade. merkel pressed for transparent and reliable

should leave the european union could prime minister david cameron voted with his wife, symantec willdiscuss impact of local markets coming out. chaos erupts in the house as democrat stage of raucous event over gun control is. house speaker paul ryan tries to restore order. >> to chair wants to make an announcement regarding the koran in the house chamber. members will differ on matters and policy and seek to express those differences. but the chair would hope -- maria: dozens will endorse hillary clinton later today over donald trump and clinton and trump both want to have a war of words. >> hillary clinton, as you know, most people know, she is a world-class liar. look at her pathetic e-mail servers david. >> i know donald hates this when anyone points out how hollow his sales pitch really is. and i guess my speech yesterday must have gotten under his skin because right away he lashed out on twitter with outlandish lies and conspiracy theories and he did the same in his speech today. maria: hillary clinton's i.t. specialists is pleading the fifth more than 125 times during a closed