symantec had been struggling with that division to maintain its growth under a lot of competition andsaid we better job and came up with a price. emily: what does the deal mean for broadcom and the chip industry at large? >> there's a couple of things going on. for broadcom, it makes sense. it makes their infrastructure software business bigger. there's more scale, significant bringses and symantec surprise security -- enterprise security to the fold. semiconductor industry, their business will be less to the cyclicality of semis and meets their cash targets so iin think it's a good deal for them industry. emily: looking at other companies -- intel shares falling this week. what's happening with a.m.d. how does this change the landscape? ian: hans has been promoting long time, a fan of their potential. i think what we would tell you competedhe event, they people's expectations both in terms of the customers they rolled out on stage particularly google and they made some promises around performance and price which are going to be very, very difficult for intel most profitable service.h

the report that broadcom is nearing a deal to symantec's enterprise business. mike: dow jones reporting this deal after the close that it may happen as early as this week. it is valued at $10 billion. there was a tremendous rally after hours in symantec. up as much as 20% at one point. it came up from that and 8% or 9% right now. there you go, 13%. still a pretty big rally. this type of deal could potentially be bullish for the tech sector rate large. -- writ large. symantec, a provider of security products, so something a lot of companies would want to get to in this day and age with all of the data breaches we read about. not the kind of thing where there are a lot of publicly traded stocks that will get a halo effect from this. still, a pretty bullish catalyst for the tech sector. tech rebound so fast in particular? mike: it is one of those days, they are not exactly a clear catalyst. the future markets before the cash exchanges open, it was actually higher in the morning, then spiked down very abruptly. there doesn't seem to be any fundamental or news-drive

symantec shares rose more than 12% to $22.92.was up a fraction to $270.98. >>> advanced micro devices unveiled its newesss pro chip for data center and said it landed google and twitter as customers. the coany's new server chip uses technology from its manufacturers to perform better fthout using a lot energy or power. the stock soared more than 16% to $33.92. >>> zillow missed earnings b estimates bt on revenue. the real estate website also lowered its gdance as it forecast losses in its new home flipping business. that sent shares lower by more than 15% to $42.14. >>> and after the bell, uber lost more money than wall street was expected and missed on revenue. billion but p $5 most of that was from stock-based compensation. in the nitially dropped after hours trading but closed the regular session up more than 8% to $42.97. >>> well, shares of uber may be down tout the market is up despite mixed signals and a growing debaten of economic slowdown. are there moves that you should be making in your portfolio in doesvent the econom

i think it makes sense and they're doing it at the right time i am looking at symantec and the optionivity we had in august they needed to move fast they got it. those were $0.60 and now all of a sudden they're worth over a dollar and change. i love what we're seeing right now. i think in the derivatives market i have never seen it hotter in terms of indicating where stocks are moving. it has been absolutely on fire june, july and august. >> yes, so this seems like a company that's trying to map out the next 20 years of its existence. you know, they tried to buy qualcomm a couple of years ago, that got dinged. the ca acquisition last year, you know, think what was interesting, what josh said on the consumer business who is hurting them some of the newer companies that are cloud based. here is a semi conductor company trying to get into enterprise software and doing it in a big way, $30 billion worth of deals in a very short period of time after they weren't able to buy something that they wanted to buy a couple of years ago. so to me the jury is -- >> is that desperate >> no, what i'm

symantec had been struggling with that division. broadcom said we could do a better job. does it mean for broadcom and the chip industry at large? sense.broadcom it makes it makes their software business bigger. there are more sales and synergies. for bras,mi industry, --notadcom, they would be susceptible to the cyclicality of semis. i think it's a good deal for them and the industry. emily: in the meantime, you have intel shares falling this week. you have what is happening with amd. how does this change the competitive landscape? promotinghas been them for a long time. they have exceeded expectations in terms of the customers. they made some promises around performance and price which would be very difficult around the market which is service. if they are capable of executing on promises, it will be toe to toe for a while. emily: what is necessary to keep up? hans: now they have to deliver. i was surprised that the relativece improvement to the intel best today, it is about twice the performance. it has never happened in the history of the silicon. i don't think they h

symantec.his is bloomberg. ♪ ♪ viviana: this is "bloomberg daybreak." says itsmicro devices new server processor is faster than a more expensive chip from intel. google apparently agrees. amd says the coming will be a new customer for the product. is just getting started in the lucrative market for server chips. ofan easing up on curbs semiconductor material exports to south korea. last month, restrictions were put in place, escalating long-running disputes that go back to when korea was a japanese colony. a potential he big deal in the cybersecurity industry. bloomberg learning broadcom is near agreement to buy a semantic unit that serves large corporate unitmers -- a symantec that serves large corporate customers. that is your bloomberg business flash. david: taking us through that deal we were just talking about, welcome our bloomberg correspondent. why would this deal fail? reporter: it limits the scope of the purchase. it sort of refocuses broadcom on the enterprise segment. remember, they

symantec is releasing earnings after the close as well.e'll await it the price tag, a bit over $10 billion i'm told, jim. it will be interesting from symantec's point of view the proceeds, unclear in terms of the tax basis there and how much they'll actually get. a big number broadcom seems happy about it. from what i've understood, this is the business they wanted all along, but originally they were under the understanding they couldn't buy it separately as i'd reported previously, 27 was originally thought to be a price. then it was no longer. the deal talks fell apart. so what do they do with the proceeds what happens to the remainder of symantec's consumer business does it become fodder for p.e., for example? >> no. >> and where do they go from here, i guess? one final thing. broadcom, at least the people familiar with the situation, tell me could see as much as a billion dollars in synergies from this particular deal. >> i agree with that i think it's a great deal for both rick hill is the interim ceo i've known rick for many, many ye

there was a tremendous rally after hours and symantec. -- in symantec. it was up by 8% or 9% right now. there you go, 13%. still a pretty big rally. this type of deal could be bullish. not necessarily the type of thing where there is a lot of other businesses. stocksf publicly traded that will get a halo effect from this. still, a pretty bullish catalyst. emily: what about the tech rebound in particular? >> it is one of those days, they are not exactly a clear catalyst. the future markets before the cash exchanges open, was actually higher in the morning, then spiked down very abruptly. there doesn't seem to be any fundamental or news driven reason why. intrudes intoy the market like it was on monday, there tends to be this unexpected swing both up and down that is very hard to explain. it takes a few days for the market to sort itself out. tech was not the leader on the downside today. that is a bit of a change from what we have seen this entire correction sect. -- correction stocks. today was not necessarily the trade war itself that was causing the we

paul: semantics -- symantec sear -- symantec searched, announcing the deal could be announced thursdayn. they want to buy or the entire symantec operation. the u.s. is the latest country to raise their travel advisory to hong kong, advising exercising increased caution due to civil unrest. this comes as a number of firms are to release earnings later today. joining us now is our hong kong chief. are the two sides tightening their positions? about how they characterize this protest. made themnk really nervous would be the slogan about resolution, free hong kong. they might say that as a call for independence. werenk the protesters protesting last night about laser pointers, it was peaceful. want tothe protesters revisit the strategy. i think china, as well as hong kong as well on the protesters, we will have to see what happens if we can. -- this weekend. paul: we are seeing crowd control tactics. what has been the reaction to that? >> it depends on where we talk about. the tear gas in the residential areas, the residence are unhappy with the tear gas coming into their house. some of th

symantec up on a proposed deal with broadcom. guy: let's talk about what is happening with that german story. the german finance ministry says there is no decision to balance its budget for recovery. we will come to that story in a moment with more detail. look, we've seen a massive gyration in the market over the last few days. how have you dealt with that? what is your view on that? two-di e have taken a rightwo-sided approach now. we don't think there is going to be a recession. we are in a manufacturing recession, but services and consumption are relatively strong, so we think a model two is likely. we think the fed is dovish. if you get into a recession, you see a sharp decline. if we get a rebound in growth and a bit of a second-half recovery, i think the fed remains anchored, and that is also bullish for growth. they will run hot and you might have some inflationary pressures eventually building. guy: the bond market is basically daring governments to spend money. there's no other way of putting it. we are going to take yi

symantec is going to have the b to c we call it, business to consumer business.'t think people realize how good that business is. i would buy symantec, it's run by rick hill rick hill is money >>> get your head out of the darn cloud, but make sure you know what you're buying if you buy any stocks much more "mad money." now that the dust has settled, time to go back to high growth stocks i'm talking to the c.e.o. of i'm talking to the c.e.o. of talon to through the at&t network, edge-to-edge intelligence gives you the power to see every corner of your growing businesse from managing inventory... edge-to-edge intelligence to detecting and preventing threats... to scaling up your production. in the human brain, billions of nefor people with parkinson's, some neurons change their tune, causing uncontrollable tremors. now, abbott technology can target those exact neurons. restoring control and harmony, once thought to belost forever. the most personal technology is technology with the power to change your life. ally py y so stay with cramer.y prtg n yy >>> now that th

symantec surged on a report broadcom is nearing a deal to enterprise business. jones said the deal could be announced later thursday and be worth about $10 million. the agreement would come after broadcom's attempt to buy the entire symantec operation fell apart last month. the company behind the world's smartest chess robot has more than $1 billion of debt. revenue almost doubled last year, but gains were dwarfed by near $600 million losses. staff costs also nearly doubled from the previous year. the month as it has assurances it will be supported financially for at least another year. and it is a lucrative business. organizing dates. investors swipe right as sores -- as shares of match group sort to a record. match raised its full-year forecast as quarterly revenue jumped from a year earlier. it is now on a global bench mission targeting japan, south korea, and the middle east. those are the top global tech stories we are watching. paul: thanks. samsung opens to challenge apple and huawei. is live at the march event. is it a game changer or just moving pieces

bloomberg has learned that broadcom is set to buy a portion of symantec.d by aere supply gap. that is your latest bloomberg business flash. still ahead, lift bancshares driving higher after a second quarter -- lyft shares driving higher after a second quarter that beat expectations. this is bloomberg. ♪ when you rest on a leesa hybrid mattress, bedtime is no longer simply the time you go to sleep. it's time to switch off and catch up. enjoy me time, and we time. 40 winks or 8 hours solid. the leesa hybrid mattress combines two technologies to give you deeper rest and rejuvenation. 1,000 pocket springs provide edge to edge support, responsiveness and comfort, while premium foams relieve pressure. keep you comfortably cool and limit motion transfer. leesa's hybrid mattress is not only recommended by experts, experts choose to sleep on it too. try it yourself in any west elm store. or order online and we'll ship it to your door so you can try it risk free. the leesa hybrid is american made. built to last. and, because everyone needs a place to rest, we donate

paid for by symantec.s known for her television roles as lawyer and detective, but like the rest of us, in her real life she's concerned about identity theft. today she's going to help us learn how it happens and how we can help protect ourselves. - look around. everywhere we go, we're all on our phones and laptops. we shop, bank, fill out forms and applications, all online. we give away our names, birthdays, passwords, even our social security numbers. in the connected world we live in, our personal information is everywhere. what happens if that information gets in the hands of identity thieves? - somebody used my identity to rent an apartment. they skipped out on the rent. $24,000, that's a lot of money.

paid for by symantec.her television roles as lawyer and detective, but like the rest of us, in her real life she's concerned about identity theft. today she's going to help us learn how it happens and how we can help protect ourselves. - look around. everywhere we go, we're all on our phones and laptops. we shop, bank, fill out forms and applications, all online. we give away our names, birthdays, passwords, even our social security numbers. in the connected world we live in, our personal information is everywhere. what happens if that information gets in the hands of identity thieves? - somebody used my identity to rent an apartment.

paid for by symantec.is known for her television roles as lawyer and detective, but like the rest of us, in her real life she's concerned about identity theft. today she's going to help us learn how it happens and how we can help protect ourselves. - look around. everywhere we go, we're all on our phones and laptops. we shop, bank, fill out forms and applications, all online. we give away our names, birthdays, passwords,

paid for by symantec.he rest of us, in her real life she's concerned about identity theft. today she's going to help us learn how it happens and how we can help protect ourselves. - look around. everywhere we go, we're all on our phones and laptops. we shop, bank, fill out forms and applications, all online. we give away our names, birthdays, passwords, even our social security numbers. in the connected world we live in, our personal information is everywhere.

broadcom's attempt to buy all of symantec failing.a day and on tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine, tom? tom: thank you so much. equities bonds, currencies, commodities, let's get right to it. interesting charts framing where we are on a tumultuous week. futures continue to advance. who knows where that will be. curve steepening, 8, 9 basis points, seven basis points yesterday. we have some steepening in the 2s/10s. [audio drop] tom: -- a little bit higher yield. bi, 0.74.r and renim francine: i have a similar data check to yours. i will get to italian bonds in a second. we have not showed it yet, with salvini same time is running out on the italian government. european stocks edging up a little bit. gold fluctuating to a six-year high. i want to show the vix index. 7.0422. was fixed at tom: i saw this in my head and said, what's it really look like? this is the best mathematics on the dollar. it is the bloomberg dollar index. it is an exclusive

broadcom says it has agreed to buy symantec.o weighed in on the deal saying, "this next step represent the next logical step of our strategy." the deal is expected to close in broadcom's first quarter ending in january. coming up, the white house wants to gather technology leaders to fight terrorism online. this is bloomberg. ♪ emily: u.s. transportation safety officials have demanded data from tesla on autopilot be the, a move that may start of an investigation into the electric carmaker. we will have more on that story coming up on "bloomberg technology." btw most recent mass shootings in the united states have questions on the way people are being radicalized online -- the two most recent mass shootings. to discuss in washington, we have the ceo of the internet association, a tech lobbying group that includes facebook, google, and twitter, and the reporter who covers social media for us. what do we know about this meeting scheduled for the white house tomorrow? >> it is supposed to be a way to get companies to come together t

david: a report broadcom is nearing a deal to buy symantec's enterprise business. deal could be announced later on tonight and could be worth about $10 billion. the attempt would come after broadcom's attempt to buy the entire operation fell apart last month. devices advanced micro promoting its server processor as the best offering. amd chips will have 64 processing cores and be made through a new technique called seven nanometer. this a increase performance will cut cost to data owners by 50%. david: we're about an hour into the session. china, in case you missed it, there was big news about an hour before markets open that msci would be adding to its inclusion factor. 15 additions, for deletions from the all country index. the to give you a snapshot, ones that would get the most waiting here are getting added essentially. out at the, going the stock spirit msci china, 1750 right now. we also have this bloomberg school. rishaad: it is exploring options. this coming out from people who did not want to be identified. what this really is reflective of is change whic

symantec getting a strong bid, up on news.com is close to closing on a deal for their enterprise unit. that is 50% of their business. the stock down 40% from the pete. investors like an -- from the peak. investors liking that. hpe on its best day since january. take a look at the bloomberg commodity index. a spike higher, up 1.5%. that confirms the risk on rally we are seeing for stocks. investors going into all of these risk assets and helping out the commodity complex. oil up 3.2%. saudi arabia is saying they will find ways to stop the price from falling more. we see many of the big energy companies rallying on this. right now a risk on day but sort of a mixed week. it will be interesting to see how it plays out. david: a mixed week to put it mildly. thanks so much to abigail doolittle. shootings turn the focus of presidential candidates to gun control and race relations. we'll hear from the press secretary on cory booker's presidential campaign. that is next and this is bloomberg. ♪ "balance ofis power" on bloomberg television. i'm david westin. we turn to mark crumpton for bloombe

rishaad: symantec adding software to keep hackers out.y and comes less than a month after discussions about a full merger over disagreements about price. weid: in case you missed it, will recap inflation numbers out of china earlier on. 2.8% was the consumer price inflation, highest since 2018 but ppi caught a lot of attention. we were expecting a negative read and what we got was more than usual. you have two vertical lines, this was your last period. rishaad: it went on for years. the question is and what ppi does is it dovetails into what happens in terms of nominal gdp growth. industrial profits, what we mean is when it is negative, there is a lack of pricing power. also, inventory buildups. david: do we get back to the worst stage of the four halfing your period? inflation was nowhere to be found until now. this is bloomberg. ♪ ♪ from the 5am wakers, to the 6am sleepers. everyone uses their phone differently and in different places. that's why xfinity mobile created a wireless network that auto connects you to millions of secure wifi

symantec governor when asked about the political location of the shooting governor abbott saying there bodies that have not been recovered and this is a time for mourning and not a time for politics. speaking of that it's times like this with when law enforcement and these are men who have seen the worst of the worst, they go into the walmart over and over again this evening. their cell phones keep bringing up the missing of the wounded and that the dead as their loved ones try to get in touch with them and those in the aurora theatre and the synagogue in other places told me the worst part of their evening the night of the shooting that we are now in 9:00 p.m. in el paso is going to be the next couple of hours as the people cell phones die and their was no longer at the ringing. the batteries would run out in those phones and they would stop bringing and the horror with dead bodies and blood in you mentioned as people tried to get out the walmart would become totally quiet quiet. you are watching law enforcement come out. what are you seeing on their faces and what is the emotion you

broadcom says it has agreed to buy symantec.com's ceo weighed in on the deal saying, "this next step in our strategy. the deal is expected to close in broadcom's first quarter ending in january. coming up, fighting terror online. the white house wants to gather technology leaders to fight terrorism online. the latest on the meeting that has been called for friday. this is bloomberg. ♪ emily: u.s. transportation safety officials have demanded data from tesla on autopilot crashes, a move that may be the start of an investigation into the electric carmaker. we will have more on that story coming up on "bloomberg technology." the two most recent mass shootings in the united states have sparked questions on the way people are being radicalized online. more than 73% of the time, social media played a role in radicalizing people towards extra missed ideologies in the u.s. in general. fromis from a study 2011-2016. the previous five years, the number was just over 26%. to discuss in washington, we have the ceo of the internet associatio

paid for by symantec. angie harmon is known for her television roles as a lawyer and detective.e rest of us, in her real life she's concerned about identity theft. today she's going to help us learn how it happens an how we can help protect ourselves.

symantec rising after hours. this as a dow jones report says that qualcomm is close to a deal.entially going to be buying its enterprise business. qualcomm off 1.5%. the chip maker up, jumping at 1.9%. west coast warehouses are bursting at the scenes, almost no more warehouse space to offload supply before a tariff hike is set for september 1. joining us from los angeles is sarah mcgregor. todayote a story earlier that talks about the sport in los angeles that essentially has become -- how are they going to handle the potential for more orders coming in? i think we often talk about trade policy in broad strokes, but the ports of l.a. and long beach are between ports. they are ground zero. they are where these trade policies are playing out. one of the impact we have heard a lot about it is interesting to see and hear about is the goods being shipped to these warehouses are up to the rafters. companies came, they frontloaded try to avoid the tariffs and now they are stuck with these goods. in many cases, they tried to get ahead of false deadlines. trump said in january that he w

has only one stock higher, and that is broad,, up 2.6% on broadcom, up -- is 2.6% on the tentative symantecquities are lower after the president said, "we will not do business with huawei." also said it is going well with china, but the u.s. is not ready to make a deal. that is also weighing on sentiment. spread is around nine basis points again today. this is bloomberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. ♪ vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is "bloomberg markets." time now for the bloombe

qualcomm to acquire symantec security service for $10 billion in cash.lcomm says the deal expected to close first quarter of this year in 2020. subject to regular aer to approves in the united states, europe and japan. melissa: white house reportedly taking considering executive action to tackle the alleged anti-conservative bias in silicon valley. this is according to "politico." fox business's blake burman live at the white house with the latest. blake? reporter: ran a story by the white house official. that official says the white house indeed exploring quote, all policy solutions what president trump sees as anti-conservative bias among social media companies that wouldn't rule out possibility of a executive order. fox has been told a draft executive order is bouncing around within the west wing. the president alluded to the possibility, when he hosted a gathering of conservative influencers nearly one month ago, for what the white house called a social media summit. >> today i'm directing my administration to he can more all regulatory, legislative

to boost its home segments business stock, though, not too bad still up about 30% on the year and symantec the cyber security company is nearing a deal to sell its enterprise unit to broadcom. >>> now to sue herera for a cnbc news update. sue? >> thanks, brian here's what's happening at this hour president trump says that he is very strongly considering commuting the sentence of former illinois governor rod blagojevich who is now serving a 14-year prison term on multiple federal corruption convictions he told reporters he thought the democrat had been treated unbelievably unfairly. >>> a small plane crashed in a pennsylvania neighborhood north of philadelphia killing all three people on board. it crashed shortly after takeoff. no one on the ground was injured. >>> israeli troops raided a palestinian village hours after the body of a 19-year-old soldier was with stab wounds was found near a jewish settlement benjamin netanyahu vowed the killers would be brought to justice. >>> and thousands gathered at abbey road to mark the 50th anniversary of the day the beatles were photographed on it. t

advanced micro, symantec, and booking holdings we're back in less than three. we're also a company that controls hiv, fights cancer, repairs shattered bones, relieves depression, restores heart rhythms, helps you back from strokes, and keeps you healthy your whole life. from the day you're born we never stop taking care of you. >>> i'm scott wapner the billionaire investor carl icahn joins us for an exclusive interview. he's against the anadarko deal, still pushing for board seats. we'll get his thoughts on what his moves might be next. we'll discuss the markets, the trade war, where he's placing his latest bets. plus, a jim lebenthal soaring today. and our investment committee picking over the big names that got hammered over the last week. many are rebounding, so are they buying morgan, back to you. >> you know what, scott, i'm just going to jump in here for a second it is worth noting the anadarko deal for oxy has closed just moments ago, $55 billion including debt it will be very interesting to hear from carl as he tries to get those four board seats he's g

think there's better names in energy >> 45 seconds or so left final trades >> i'm going to give you symantec1/2s, 24 1/2s i like this name it's gotten beaten up. >> region, uk large cap equities valuations are attractive. think they do well or without a brexit deal. >> okay. >> more of a long-term play, but, yes >> thank you for being here. >> shannon >> chevron they report tomorrow we expect good free cash flow numbers. they've got a great base in the permian and they're a better stock to own than exxon. >> i see as well, mr. weiss. >> just because you don't like stock doesn't mean there aren't opportunities. ibm has their meeting tomorrow at 10:00 ibm. >> okay. cintas >> thanks for watching "the exchange" starts now. >>> thank you, scott, hi, everybody. the stages of fed grief from acceptance to panic and now to euphoria a look at the markmarket's roll coaster reaction to the rate cut and what tomorrow's job report could mean >>> and the battle of the fake burgers just got more intense. the impossible burger is going national we'll talk to the ceo about his plan to take on beyond meat. >>>

. >> broadcom is reportedly near ago deal to purchase sit m symantec shares are up broadcom shares areat right now talks reportedly began last week, and our own david faber confirmed that this were in talk that later ended up breaking down it's reported to be near a deal back to you guys >> all right aditi, thanks lyft's shares are pretty volume tiff beating sales expectation. the stock is way off its highing on, it's not just barely positive it was up like 8% on the initial earnings new ro can u and booking holdings both jumps after beating the top and bottom lines, and trip adviser and monster beverage is lower. >>> to bes stake a major comeback leslie picket joins us with more. >> the markets have stabilized today, but one key technical risk is in store for the second half of the year, lockup -- for the hordes that debuted. usually about six months after a listing day. it also mean a massive amount of supply could come onto the market pressuring prices even further. a cnbc analysis found that an estimated $215 billion worth of stock will become available for trading, based on the $3