it makes star board the number five holder of symantec.ve of the nominees on the 11 member semantic board, all it is saying is it one step at dialogue with .ymantec management operational changes are needed in order to improve margins. investors have been down on the stock all year. take a look at the bloomberg. i have the s&p 500 stock group indexes and you see symantec is at the bottom falling almost 30% . that is even with today's stock bounce. what star board thinks he can do better, and investors think they will help it do better. julie: why has it done so poorly? emma: this goes back to may when an insider says symantec had an insider problem. -- it hasy has been never disclosed to the nature of that problem. it is thought that now with star board on board they will speed up this audit. bloomberg intelligence is still saying the internal audit is going to be a headwind for their growth prospects being challenged. there is slow expansion in its enterprise security offerings. if you take a look at the bloomberg, i have a chart of seman

. >>> starboard has taken a 6% stake in symantec. "wall street journal" reports that that company is seeking a board seat and says symantec needs operational changes to improve margins >>> let's turn to retail if you have not been paying attention in class, you have missed this ridiculous retail rally for some of wall street's best known retail names. i know all the attention is on the f.a.n.g. stocks, but look at this we have seen signet jewelers up 57%. the container store, up 55%. tillys up 50%. five below up 41%. conn's, francesca's, tiffany and american eagle up about 20%. those stocks have made investors more money than many of the big cap technology stocks that we talk about so much here's the question, will that retail rally continue as more companies start to report their numbers? let's bring in dana telsey from telsey advisory group. i guess, dana, macy's stock. yesterday it was a horrible day for macy's stock it is still a stock that's nearly doubled over the past year should we worry that macy's was the canary in the reta

julie: we are also looking at symantec down 10%.quarter was ok, but the current quarter it says will earn as much as $.35 which is three cents below analyst estimates. that appears to be what is behind the tumble in shares. and the medical waste management miss when it comes to its revenue in the second quarter. year forecast is also below estimates. watching shares of cbs. that company came out and it looks like the call has begun. moonves, the ceo under a cloud of allegations in his story -- in a story published by the new yorker, he is going to speak on the call. cbs is saying it will not discuss russman claims on the call. that is one of the early headlines we are getting as the call just begins here. scarlet: there's a tweet from a thereood reporter that was a second story perhaps in the works for les moonves causing a slight wobble in the share prices in the afternoon trading. out as wellngs came and beat estimates by a penny as revenue rose 6%. "what'd you miss?" yuan drops for the first time in a year. the speed oft says the

there is a report that starboard has taken a stake in computer security company symantec's and wantshanges. nominated five directors to the eu level in person board. -- to the eleven person board. coming up, our next job series highlights their careers of the future life. how one african nation is using tech to save lives in isolated areas. later, our conversation with chuck robins. this is bloomberg. ♪ selina: time for the latest installment in our next job series. on and off that are causing a buzz with their drum deliveries -- amazon and a lphabet are causing a buzz with their drone deliveries. one company is delivering blood to remote wanton hospitals by drone since 2016. we tell the remarkable story. ♪ >> this is wanda -- rwanda. nestled between these plantations and village homes and meandering mountain roads is a patch of land no bigger than a football field. drones carrying blood of two doctors racing to save patients' lives. operator.drone for aor: abdul works startup called zipline. you, this isnt of where we launched the drums. narrator: zipline is headquartered in califor

star board has nominated five directors to the board and the firm says symantec is lagging its peers deals have done little to boost growth. more legal problems for bayer. shares fell after the california supreme court denied an effort to prevent the state from putting roundup on cancer-causing chemicals. a san francisco jury awarded a man for his claim that exposure to roundup causes cancer. -- caused his cancer. >> private equities, public dilemma. old-school partnership. the noble art of accounting, the man who triggered the $10 billion collapse gets out of the shadows as the company prepares to restructure. turkish delight and despair, deutsche bank raises 35 million on turkey as berkeley faces a $19 million loss. i wish i could take credit for that headline. david: joining us is jason kelly. one of your favorite subjects. -- tpg woulder rather be private. >> publicly traded private equity firms do not do so well. they have done very well, made billionaires of a dozen or more people over the course of time. in terms of going public, that has been a rocky road. david: for the shar

. >>> starboard has taken a 6% stake in symantec.he "wall street journal" reports that that company is seeking a board seat and says symantec needs operational changes to improve margins >> nbc ni bshgs krshgbc nightlyr lester holt sitting down with jack dorsey. >> i feel, you know, any suspension whether permanent or temporary makes someone think about actions and behaviors. >> do you think alex jones will change his behavior based on a time out >> i don't know. whether it works in this case, i don't know this is consistent with how we enforce. >> want to talk more about that twitter decision with our next guest. eric desenhall, you got to see the interview last night you heard what mr. dorsey had to say about all of this. it does create -- let me ask it this way, does it create more of a problem for twitter? does it make more of a problem for alex jones >> more for twitter. if you are a communications platform or a media company, you're always wrestling with the central question of am i a business or am i an institution withfirst a

. ♪ ♪ emily: symantec tumbled friday. maker of cyber security software expected to record $15 million in restructuring costs as it cuts 8% of its workforce this year. it closed fewer business deals than expected. larry page, the former twitter ceo and ben horowitz have been sporting allbirds, the environmentally friendly footwear sweeping silicon valley. since launching in 2016, the startup has tiger global and leonardo dicaprio, the company uses wool and eucalyptus tree fibers to make shoes. and is adding brazilian sugarcane. it replaces plastic foam that uses 95% less water than typical shoes it. allbirds says it is so much more than a shoe company. joining us now is tim brown. you've got these new sugar zephr flip-flops that have the sugarcane. >> it's a journey that took about three years. my co-founder had a previous relationship with him personally and green energy company. we convince them to reconnect some parts. and effectively replace the pitch with sugar in one of the most commonly used material in footwear whi

symantec is down 29% for the year, jeff smith's star board is proposing a slate.is a terrific company that's been performing poorly. it's got an incredibly cheap valuation. if we listen to chuck robbins, it's an amazing industry if they let jeff smith do it, this may be the cheapest stock in the s&p and should be bought, right here if they let him. >> they've got a few candidates for that >> symantec, i was so glad that somebody took a stake in it. >> how do you follow up last night's "mad money"? >> there's a terrific guy, people like income who watch the show, we have a lot of people who are searching for fixed income that is safe and that's nick akins i like nick because he's got the best view of the economy, because he's the largest i just like the stock so much. i really want people to have a balanced portfolio, some income and some growth. >> how do you want to leave people feeling today, given this gain, after yesterday's loss >> >> i always think there's more shoes to drop. there is always a risk to the shorts, because of turkey and the trade talks we're g

to make sure this doesn't happen she said it made me see that is how much it meant to him while symantec's updated the explanation she knew she was lying it wasn't available to him at that point i knew about hormone blockers i i didn't know why our trying to put them off i mean obviously for my own comfort but then it was sheehan not ready she got out of the way. after all she explained the amount of trust he was placing in me made it more heartbreaking to realize i could be leading him astray she quickly became convinced it was time to transition. she explained to her husband even if they use female pronouns why we jumping on this while he is six years old to say okay? let's do it now before it turns political. she reflected on the moment what it would be like i knew as i said it i couldn't take it back i knew you'd be so far through it and gone so i i knew we were keeping him in a box instinctually. [applause] 's been a couple of things before we go into q&a. thank you first of all. there are cameras in the room this book reading is being recorded for c-span booktv so it will be aired in

. >> symantec up, starboard taking stock, and planning four new seats. >> well, stock fell from 29 down to the teens obviously, some smart people have been buying it down there, including appaloosa. they've been a recent buyer, according to the recent filing i think it's got an upside >> autonomous car supplier aptiv is up. >> we talked about safety, and these guys provide sort of the guts for the car provide all of the components. it's trading one multiple below the market and just has straight-up growth >> who's their biggest customer in the oems? >> all of the oems. >> they're all working with them >> yeah. and they're partnering with uber and lyft >> great story >>> lululemon. josh >> yes, i've been positive on the stock. unfortunately, i've not been in it which is a shame because it's done really well but i've been shopping there and i've got to tell you, i really think this is a company that figured out their challenges and went beyond online turned itself around but figured out whole new avenues for growth and it's just not stopping i understand there are competitive threats. the

this afternoon activist investor starboard valley taking a stake in symantec.here showing you where they're landing this morning >> you almost got it it is lagging the other big indexes. bertha coombs. >> if you're in asia, let's say it is morning there. we are seeing the big caps not as large as the small caps today. nonetheless it's the small caps today that are the stand out we still have a bit of weakness in chips today among the stand outs in small caps, pet iq, also riding a bit of tail winds on earnings, and cica having a big move on that among the large caps symantics is one of the best performers. and amazon even as it looks to be spending more money on content reportedly trying to get more stars to get on their twitch platform to expand it beyond gaming. cisco, of course, earnings mover really helping to move things higher on tech all around. and then you've got some of the laggards today jd.com hitting a new low after disappointing results that missed you've also got booking.com and facebook one of those faang names today that's a drag on the index.

also take a look at shares of symantec right now they're falling in premarket they gave a weaker thant for the current quarter and lowered its yearly revenue forecast. also announced an 8% cut in the global workforce that stock is now down almost 11% this morning >>> swiss re's officer says major hurricanes are now every ten years, not 100 like they used to be they're still reeling from the costliest year on record following a series of fires and hurricanes and earthquakes more than half of the total insured losses last year were due to hurricanes harvey, irma, and maria. he expects the occurrence of multiple powerful hurricanes to become increasingly common in the coming years for more on that story and other headlines, check out cnbc.com. >>> peentime, we are counting you down to the number of the morning, really of the month the headline jobs added number and the unemployment rate will get all of the glory and the headlines. but let's go deeper. who better to do that for us than steve leisman who joins us now. >> thank you another strong report expected as markets wonder, two facto