the state. hewlett-packard enterprises made $8.5 billion deal. the computer sciences corporation. kard enterprise will spin off operations and news of a deal that shares about those companies trading. but check out u.s. stock market futures after yesterday. stocks up over 200 points. all 10 sectors higher throughout the day. dow futures at 71, s&p futures up nine. that is what's happening now. lauren: things, nicole. apple might find another reason to use siri. the information says apple is working on linking siri to the vast menu of apps into a device at the speaker and microphone to compete with amazon's popular at go as well as google home. apple has not had a new category product since the release of the apple watch more than a year ago. apple late to the game when it comes to mp3s and the smart watches are now maybe days. maybe now they can dominate here, too. lauren: millennial society is better to stay at home with mom and dad according to a study by the pew research center. more millennial to live in a home where the never before. 32% of millennial star crashing rather than

but listen, on the hewlett-packard enterprise, we are excited about converged infrastructure, we are ry excited about software defined data center and our services business. emily: is that where you see the growth coming from? meg: i do. and our software portfolio. on the hp inc. side, we are excited about 3-d print. is it at its most nascent stage. boy, this could be a big business. we are excited about immersive computing. and actually excited about our core print business. because often people say that print is dead. no, no, no, print is not dead. people are not printing at home as much but, i do not know about your office, but everyone is still printing. emily: oh, yeah. i am still printing, for sure. it is interesting you mentioned software. we are seeing a lot of companies turning to software to grow their bottom line. apple and ibm are making a huge push into the enterprise. how do you compete with that and what are you doing in the software portfolio at hp? meg: well, ours is more, if you will, system software, software that helps run your data center. emily: you do not see th

this is half of the hewlett-packard still run by the ceo.ses on servers and stores for corporate customers. it is spinning off the corporate business and merging with computer science core. with this expected? >> it makes sense. to make focus, it is focused on hardware, predominantly networking, storage, and servers , and then finding a way to extend the services business to a company that focuses on exactly that portion of business . it is a good strategy. it refocuses the strategy for a smaller piece of the pie. the risk here is that you have pie you are small focusing on, one that is hardware, dominantly elling to tornight systems -- selling overnight systems. will that be growth? the remains to be seen. microsoft is making as many as 1850 job cuts while taking a $950 million impairment and restructuring charge. give us a sense of where these cuts are coming from, and what this tells us about the strategy. >> the $9.5 billion acquisition of nokia was a big deal, that was a disaster. $7 million last year, another $1 billion. it shows that

the transaction comes less than a year after the breakup of hewlett-packard. hewlett-packard enterprise shareholders will own shares of both hpe and the combined company. meg whitman last night. >> on the enterprise, this transaction contains a significant value by unlocking a faster margin, stronger growing business. hpe will have animal revenue and focus on software generation that leverages a world class portfolio of storage, networking converged infrastructure southwest the helium platform and software assets. >> and meg whitman will be on "squawk on the street." and down 63 points in the free market. louisa. >> wilfred, thank you very much. thank you. we were listening. we just had a few ins and outs here in the studio. wilfred, thank you very much. let's move on, on a presidential race, headlines by the two least popular candidates in history. the alphabet executive chairman eric schmidt is no different. julia joins on the set she spoke to schmidt in amsterdam. >> we know he's back in the start of this looking at analytics of hillary clinton. when you hea

. >> can the former hewlett-packard boss save our cruz campaign. >> we know her well around here. the obvious conservative and female -- the obvious reasons. why else did cruz reach out to carly fiorina. fiorinaablys some much needed energy to that ticket. they're combatible on key issues such as abortion, immigration, more important by the way, the outsiders. second as a woman, fiorina's presence will partially offset the presence of a woman, hillary clinton the likely democratic nominee. and then finally, at least in california. fiorina's presence may offer the hope that the so-called don ballot republican candidate might do better than they might have otherwise. >> a lot of upside, is it enough to sway voters? she does come with some baggage there. >> fiorina has only run for office once. and that was in 2010. when she lost her u.s. senate race by barbara boxer by a whopping 10 points. she was heavily criticized for laying off 30,000 employees as part of the hewlett-packard contract which led to her termination or downfall really. when we're talking about fiorina at hp, she real

the northeast. it makes sedge. an amazing move in stocks of hewlett-packard enterprise. the latter soaring more than 70% in one day. off its i.t. services. the fact that so much wealth can be created with the flick of a pen. it is testament to how cheap some of these tech stocks might be if they were broken up. i love the deal. what i really like is that investors are so turned on by the better earnings. that's what matters. this merger makes me think ibm stock may be much too cheap. and then microsoft could be under valued. meanwhile one of the hewlett-packard, it hit a brand new all time high today again. nay sayers. the stock everyone claim to hate. the one backed by the so call poorly run company that lacks innovation with its best days behind it. apple. roared higher again. what's the 1.75 gain among friends? i guess the nay sayers don't mind the 6 points that were picked up after watching tim cook was on the show. when you get this kind of unexpected rally with no real visible or obvious catalysts, when you build on a rally in the huge cohort that is tech. it makes

david faber has all the details back at headquarters. >> melissa, that's right. hewlett-packard enterprises, news of the deal, a spin-off of the enterprise services business and merge it with csc. you can see hewlett-packard up over 10% for its part csc up over 23%. you can see it right there. the deal itself is being structured as a merger of equals and structured as tax-free to hewlett-packard shareholders. it will combine a company with some $26 billion in revenues. and owned 50/50, 50% by hpe shareholders and 50% by the existing shareholders already of csc. as part of the deal, the combined company will pay a $1.5 billion dividend to hpe, and presumably $2.5 billion worth of liabilities. they're getting the $8.5 billion number, the value that they in the negotiations they've had with csc put on the enterprise services business. once it's jettisoned, hp itself will be a smaller company. on the conference call, meg wittman was talking about that future for that company and what will be left of hewlett-packard enterprise. >> for the remaining hewlett-packard enterprise, this tr

the company was formed last year when hewlett-packard split in two. sts targeting exxon and chevron are seeking investors' help. shareholders will help -- will vote today on the proposals. exxon and chevron are opposed. another auto company is choosing a side and the ridesharing. toyota is making a deal with uber. lyft. a tie up with that is the bloomberg business flash. francine: thank you so much. let's get back to bank of directorerrill lynch's kamal sharma. when you look at the emerging markets index and you say, they may see outflows, or there is a u.s. consumer which means that exporters will do well. what happened to these bridge market currencies? kamal: we recently conducted a global investor sentiment survey and the key finding from that is that most investors believe the stability in china we are seeing is probably going to last no more than three to six months. francine: this is huge. what you're saying is basically the relative stability that we saw with the stock market or in terms of gdp? the pboc authorities have done everything they ca

the transaction comes less than a year after the break job of hewlett-packard into hpe and hp inc. now own shares of both hpe and both companies. meg whitman on the conference call had this to say about it last night. >> for the remaining hewlett-packard enterprise, this transaction contains significant value by unlocking a faster growing, higher margin and stronger cash flow business. hpe will now have $33 billion in annual revenue and will focus on software generation and infrastructure that generates a world class storage and infrastructure as well as our helium cloud platform and software assets. >> moump from meg whitman joining "squawk on the street" later this morning. the only thing i would say focus when it comes to technology. hhp goes from one to three in under two years. >> investors love it. nice bounce in share prices. >>> the data pool is challenged today. and it may focus on a trio of fed speakers making the rounds. and we've got harker and kashkari and kaplan speaking at various times throughout the day. tiffany reports emption before the bell. hp, williams sonoma a

having been part of the hewlett-packard empire. it has gotten the last laugh because the business is in secular growth mode. it has devolved into two companies that are seemingly in decline. hp ink and hp enterprises, a catch-all company that i think is still trying to find its over way. what amazes me is that it has so much technology for the very high growth life sciences field, hasn't attracted any suitors. it would be a natural for companies that could both use the product line extension. i would never recommend a stock for a takeover basis. but i can't do it if the fundamentals aren't strong. if it has good quarter it could be hard to stay independent in what is a could not sol dating segment. he know you're tired of hearing about the debt. it is confined to the mall den citizens. the broad sweeping diagnosis, hey, listen. it is fueled by horrific quarters from macy's, kohl's and nordstrom keeps confusing people. i put pictures of my garden online for all to see and watch as the summer goes along. i know the impossibility of ge

and then that allows us to focus on the stand alone hewlett packard enterprise. you well know i'm a big believer in focus now. so we're going to have a great software defined data center strategy for the data center as well as the edge, and so we're excited about it. >> it's funny, you've mentioned this a big believer in focus, of course, you've talked oftentimes in interviews about how quickly the world is moving, how much faster. when you got to hp, that was the old hp it was $100 billion in revenues, 300,000 employees. obviously the big split is taken place and now another one, but you're now talking about a $33 billion revenue company, i'm not sure how many employees you have -- >> about 50,000 to 60,000. >> about 50,000 to 60,000. does it get even smaller from here? there are some who believe your software business is substandard and therefore perhaps should also be part of another deal? >> well, you know, we like the performance of our current set of assets. obviously the enterprise group had a great quarter growing 7% and as reported 10% in constant curren

this is half of the old hewlett-packard still run by ceo meg whitman and focuses on servers and storageporate customers. the company announced it is spinning off the corporate business and merging with computer sciences corp.. is this expected? anand: no, but it makes sense. to focus -- have one part of the energy focus on hardware, predominantly networking, storage, and servers, and then finding a way to exit the services business to a company that focuses on exactly that portion of the business. it is a good strategy. into acuses the company smaller piece of the pie. the risk here is that you have an extremely small pie you are focusing on, one that is on hardware, predominately selling to corporate i.t. systems. will that be the long-term revenue growth area for hpe? be seen.ins to but in the near term, the deal makes sense. shery: microsoft is making as many as 1,850 job cuts while taking a $950 million impairment and restructuring charge. give us a sense of where these cuts are coming from, and what this tells us about the strategy. cory: one of the things it tells us is that the $

. >> and now, i will throw in the ibm and both of the hewlett-packards and the western dij, because theyre outperform ing. >> yes, the applied are crushing it. and now, intel is up 80 cents today which is a 1.5% move, but of the stocks, unfortunately the one that you named, mel, the only one that i own is microsoft on the list. i should have been in some of these in lower price, and i have not seen it. >> and what are the investors missing here on the stories? why so reluctant to get into the old tech names? >> they are not missing anything, because the companies are slow on the, peck tau expec and they are appropriately valued, and doc, don't despair, because you will get another opportunity. the yield support, and talked about on this show the other day, and 3.5% can go in a heartbeat (and what to you like? you don't like the names or the yield names, and what do you like? >> i like activision. i will tell you why, they are coming out with a new product. they have, you know, i don't think that the street is giving them credit for the potential growth of the company, and i think that yo

this is a bad sign, because that has been the bread and butter for hewlett-packard for over a decade.ming up, the week's most interesting interviews on bloomberg television. fed policy, chinese growth, brexit, and more. some crucial topics on the table when we continue. you are watching "bloomberg best." ♪ ♪ best." it "bloomberg is time to replace some of the best interviews. sit withwith eric's bill gross, who made it clear when he expects the fed to raise and restraint. -- to raise interest rates. june because in the second quarter is looking decent. a 2%-3% quarter. it is a comeback from the first. jobs will probably be adequate in terms of growth. the dollar has gone down instead of up. the stock market is close to its peak. for all of those reasons, financial situations and economic statistics this is their time, if ever to move. i think janet yellen is more dovish than some of the governors and president, but there are presidents and governors but i think are weinning to understand, what talked about in terms of the effect of low interest rates on the savings pool. as farnd kapl

this is a bad sign, because that has been the bread and butter for hewlett-packard for over a decade.ng up, the week's most interesting interviews on bloomberg television. fed policy, chinese growth, brexit, and more. some crucial topics on the table when we continue. you are watching "bloomberg best." ♪ ♪ david: this is "bloomberg best," i am david gura. time to replay some of the week's best interviews on bloomberg television. we start with erik schatzker sitting down with janice capital's bill gross. who made it very clear when he expects the fed to raise interest rates. bill: i think the move in june. i think that because of the second quarter is looking decent. it is a 2% to 3% type of quarter. it is a come back from the first quarter, and jobs will probably be adequate in terms of growth. the dollar has gone down instead of up. the stock market is close to its peak. for all of those reasons, this is their time, if ever, to move. i think janet yellen is more dovish than some of the governors and presidents, but there are presidents and governors -- bollard, edwards, williams, who

the company was spun off from hewlett-packard enterprises. hallenges. there are declining sales, but they beat estimates. . that might be why the stock is up? is a hit of the restructuring that has been going on since 2001. they started this new company with a restructuring program. they're giving us non-gap numbers. they beat the number, but sales are down 11% year over year. they have always been tied to printing and pcs. pcs are a disaster. printing.ine in that has been the bread-and-butter of hewlett-packard for more than a decade. david: they are in a declining industry, which means cost cuts. it is not restructuring anymore. their business is falling apart. there are calling it restructuring charges. the yen moved up. they have competitors in japan in the printing business. they have optimism, making hp more competitive. they have a lot of debt on top of it. sales of ink and paper have been the bread-and-butter for hewlett-packard for 20 years. the declining numbers in printing, and in all of the numbers, the currency dynamics are tempor

more go is next. ♪ jonathan: i am here in the hewlett-packard enterprise green room. interview with cofounder and managing partner mark. he will discuss impact on high-yield bonds. -- n: vonnie: here is your bloomberg business flash. great plains energy has agreed to buy westar energy for $8.6 billion. and rising operational costs. deutsche bank has said it will soon be the focus of a u.s. investigation into rate auctions for government debt a coin to the new york post. investigators -- they focus after all 22 primary dealers and treasuries. cooperating and there is no reason to believe it is the focal point of the poll. together for their annual meetings. a slowdown in demand. fill a space since january. >> thank you so much. getting bruised by mountains -- mounting signs that the fed will -- at some point this summer. you can expect that according to the fed chair. joining us now, jeff. price andady in the it is set to continue the trend we see? >> i suspect there will be a little more weakness over the rest of the year. weaknessto look at the in contests of the big

this is a bad sign, because that has been the bread and butter for hewlett-packard for over a decade.p, the week's most interesting interviews on bloomberg television. fed policy, chinese growth, brexit, and more. some crucial topics on the table when we continue. you are watching "bloomberg best." ♪ >> let's get to the first word news. contracts bell by the most two weeks. janet yellen said ofriday that interest rates increase alike in the coming months. emerging market currencies are having their worst month since august. treasury bills are closed worldwide today. german consumer prices halted their decline in may. in zero.tion rate came the data office offer some good news for policymakers. meeting ahead of the this thursday. noble group ceo has quit. it has accepted his rising nation. 60% inhares have plunged the past year with questions about his accounting practices. zurichmer ceo of insurance has died. he left the company last december. he is reported to have taken his own life in switzerland on friday. global news 24 hours a day 2400 journalists in more than 150 news bureaus a

i am david westin in the hewlett-packard green room. you miss at 4:00 p.m. eastern. vonnie: you are watching ."loomberg i am vonnie quinn. shares of best buy falling in premarket trading. second quarter profits missed estimates. they also announced the departure shannon maccallum, who has been instrumental in the turnaround. ratings,bank credit the debt rating was lower than two levels from junk. the long-term deposit rating was .rom a-to a-3 they face mounting challenges in carrying out turnaround. had morehas never capital and could repay their debts many come over. chinese billionaire is taking on disney. he says the world's largest entertainment company should not have come to china and it is no match [indiscernible] they are launching a chain of theme parks. disney's magic kingdom parked go opens next month. i sense a sequel. battle of the theme parks. [laughter] jonathan: thank you very much. shares of aflac took the hit. negative interest rates in japan. japan makes up 70% of aflac's revenue. three analysts have downgraded t

the company she ran. both stocks trading higher, particularly computer sciences. hewlett-packarderprises has done relatively well since the spinoff was affected last october, rising by about 8% in that time. some of that gain is coming in today's session. speaking of hewlett-packard, hp up 2% todayres are as it reports its earnings after the close of trading. to watch applee holding up relatively well in the face of news that india is going to require the company to source 30% of the smartphones it sells from india itself. essentially building -- essentially a ruling india had already made. the shares are rising with the rest of the technology group. microsoft announcing it will cut as many as 1850 jobs. it will continue to sort of completed exit from the smartphone industry. the company was charged nine after $50 million in restructuring of $200 million for payments. this is part of an ongoing process. microsoft last summer said it plans to get as many as 7800 jobs and write down the handset business that was originally nokia. microsoft shares up a little more than 1%. today gre

. >>> the deal news hewlett-packard will spin off its enterprise services business and merge it with computer sciences corporation. the combination creates a company with $26 billion in annual revenue, expected to deliver $8.5 billion to hp enterprise shareholders. separately, hewlett-packard enterprises which is itself a spinoff of hewlett-packard reported earnings in line with wall street estimates. shares of hpe rose sharply in after-hour trading on news of the deal. shares of computer sciences also spiked as you see there. >>> still ahead, a high-stakes trial in silicon valley that has the entire tech industry on ed >>> oracle and google, two of the world's biggest tech companies, are battling it out in court and the outcome could extend far beyond these two companies. deer ra bosa at the courthouse in san francisco tells us what's at stake. >> reporter: two tech titans, $9 billion. and a decision that could send shock waves across the industry. the stakes are high in the oracle versus google lawsuit that rests with a jury. oracle claims that google violated its copyright when it

the road. a quick -- scarlet: a quick check here on hewlett-packard enterprise. ring in after-hours trading after computer sciences said that they would be merging with the tech services division of hbe, creating and of -- business with $26 billion in annual revenue, getting a lift of 20% in extended trading. alix: "what'd you miss?" finance ministers meeting in brussels to try to track $11.5 million in missing funds. but the real question is debt relief. greece has $153 billion in loans and the projection on the debt is that it will reach 124 percent of gdp by 2020. it is supposed to be 120%. here to discuss a possible way forward for greece is the former ambassador to that country. currently in edinburg distinguished visiting fellow at stanford university. ambassador, what do you think about this battle between the imf and the eu over debt relief? professor: it's a battle between the imf and the german government. this meeting is in its eighth or ninth hour in brussels. the expectations are that the europeans will find a way to forward and extend the relief paym

this is a bad sign, because that has been the bread and butter for hewlett-packard for over a decade.the week's most interesting interviews on bloomberg television. fed policy, chinese growth, brexit, and more. some crucial topics on the table when we continue. you are watching "bloomberg best." ♪ >> let's get you straight to first word news. gold falling for the ninth day, the longest losing strength in a year. the dollar strengthening against all major peers. japanese shares rising today while china retreats. treasury bills note and bonds are close worldwide today. the yen sinking to one-month lows, japanese shares at their highest close since may. the prime minister said a sales tax increase would probably be delayed. japan retail sales stalled in privateeakness in consumption, increasing the likelihood of the delay. wang jianlin offering $4.4 privatize its hong kong listed property unit. listingso relocate that have been under the spotlight after china regulators voiced concerns that such transactions could flood the market. the united nations says 700 migrants dead over the past

in addition to that, the value is seen as positive. incidentally, hewlett-packardprise, as you can see, is rising and hp ink is reporting its numbers after the close of .rading looks like everybody is doing well today. scarlet: let's go now to the .eadlines mark crumpton has more. mark: thank you very hillary clinton and donald trump each one primaries in washington state. mr. trump us win moves him to it in 28 delegates of officially clinching the republican nomination. for mrs. clinton, there were no delegates at stake in the democratic primary. washington democrats already awarded their delegates to bernie sanders in march. president obama says he plans to use his historic visit to hiroshima with the japanese prime minister to reflect on the suffering of war and the need to take steps to prevent it. said he had no plans to reciprocate the gesture by paying his own visit to pearl harbor. the obama'sorts of will lease the mansion of former press secretary joe lockhart. the home reportedly has nine bedrooms and 8.5 bath and was built in 1928. the national hockey le

h hewlett-packard enterprise will meg whitman on the company's conference call talk about it. >> the maining hewlett-packard enterprise, this transaction increases significant value by unlocking higher margin and strong free cash flow business. hpe will have $33 billion in annual refusal knew will focus on secure, next generation, software that leverages a world class portfolio of storage, networks and helium cloud platform and software assets. >> meg whitman is joining david faber on "squawk on the street" later on this morning. >> it opens up and two little ones come out. >> it's the fed yesterday in the day, they actually, definitely handled something? >> perhaps. look at the rally. if you look at the rally, maybe the market is not worried. >> we're just getting back to where we were. >> nothing has changed. are they actually definitely handling this? >> that's what i say. but have they definitely handled the tightening cycle for the last year? they've gone another? maybe that is handling it, at least hold on to -- it will orchestrated gains. protests at a donald trump rally turn v

this is the smaller half of the old hewlett-packard that sells computers and printers area the ceo has stepped up efforts to boost profitability since the split from hp enterprise but faces serious , sales declines among its core products. desktop and laptop sales fell nearly 10% from a year ago and , printer sales were down 16%. a story we are watching, the latest set up for theranos. bloomberg has just learned the company is being accused in a lawsuit of misleading consumers about the accuracy of its blood test results and reliability of its technology. today's lawsuit was filed in san francisco and seeks class action status on behalf of consumers is -- whose blood was tested in the company. in response, the lawsuit filed today, they say is without merit, and they will defend itself. federal prosecutors in san francisco and federal and state health regulators are also investigating the company. coming up, at&t and verizon may be competing over more than wireless customers as at&t throws its hat in the ring for yahoo!. ♪ emily: chinese e-commerce giant alibaba is under investigation f

this is half of the old hewlett-packard still run by meg whitman and focuses on storage and servers. they are spinning off and merging it with computer sciences core in an $8.5 billion deal. the name of the company will be announced at a later date. joining us is our senior intelligence reporter. what is your take away on this deal? is it something that was expected? guest: it wasn't expected, but it makes sense. one part of the entity focused on hardware, predominately servers and then finding a network to exit the services business to a company that focuses on exactly that portion of the business. it is a good strategy. on acuses the company smaller piece of the pie but the risk is you have an extremely smaller pie you are focusing on. predominately selling to corporate i.d. systems. will that be the long-term revenue growth area? we need services to bolster that, so it remains to be seen, but in the near term, this eel makes sense. emily: what does it mean for meg whitman? guest: it gives her a sense of focus. the results bear itself out. theas done well and after announcement of t

amanda: the hewlett-packard ,nterprise green room, later the head of be of a merrill lynch coming uphan: this is "bloomberg go," we are about 13 minutes of the session. equities opening marginally high, up five points on the dow, barely two on the s&p 500. let's cross over to matt miller. first of all, you can see a bunch of these retail companies falling, you may have seen these companies when you pull up suppliers or j.c. penney's. uggs, thecker makes furry boots that tom brady and a lot of girls wear. on macy'swn 6% earnings. michael kors holdings also down about 14% through the make the bags that tom brady carries. genescort is a maker of jeans all these retail suppliers down. i'm only kidding about tom brady. amanda: he just carries the bags. matt: i'm poking fun at tom brady because he went to michigan. david: he was a great quarterback. not hard to be a great quarterback for michigan. nordstrom has a big menswear sales. settled a patent case with under armour. 3%, the retail sale, no matter where you look, down. sales are the retail problem extends to landlords as well. lower

this is half of the old hewlett-packard that is still run by ceo meg whitman.spoke to our bloomberg intelligence analyst who covers hpe for more details. what is your first takeaway on this deal, is this something expected? >> it was not expected, but it makes sense. to be quite honest. the focus, one part of the entity focus on hardware, predominately networking, storage, and servers, and then finding a way to exit the services business to a company that focuses on exactly that portion of the business, it is a good strategy. it refocuses the company to a smaller piece of the pie, but the risk here is that now you have an extremely smaller pie that you are focusing on. one that is on hardware, predominately selling to corporate i.t. systems. so, will that be the long-term revenue growth area for hpe and do we need services to bolster that? so that remains to be seen. in the near term, this deal makes sense. emily: what does this mean for meg whitman? >> look, it gives her a sense of focus. the results bear themselves out. after the split, hp has done well. and

and david westin in the hewlett-packard greenroom. janet yellen will speak at harvard.nguage speak to a rate hike? that is on bloomberg tv. vonnie: you are watching "bloomberg ." time now for your bloomberg business flash. a big victory for google over oracle. google one a jury victory that killed oracles claim. it contended that google needed a license to run java to run android. drugmakers have been asked for documents related to people foror helping the products. it cap patients from seeking lower-priced medical help as well. frenzy is coming to an end in miami with many owners heading for the exits. with big built deposits from latin buyers and it's estimated that a third of the units are back on the market. that is your bloomberg business flash. jonathan: a long weekend ahead, a short and busy week after that. u.s. markets are closed on monday for memorial day. the ecb rate decision on the same day and then finally u.s. jobs data out on friday. here to put it all together is laura. put it all together for me. ou have regional fed presidents screaming it is comi

the company was spun off from hewlett-packard. nicole: a look at "the wall street journal."insurance options dwindle in several regions. development comes as health insurers pull out of unprofitable markets. the tv shows go through the test. pressure to find tv had is intensifying in an industry racked by fragmented viewership in competition from digital media. a reverse film is a gamble for mobile entertainment. the company financing the $73 million movie with its own cache instead of licensing carrots there's two a studio. lauren: coming up, florida will become ground zero and the fight against the zika virus. >> there's more to consider than the science is the biology true, you know, is this correct, will this work? there's always unforeseen, unintended consequences. >> after one worker was there, fox meteorologist maria molina will tell us that she's doing in she's doing in a more stern chasing this week. ahead of the opening bell, higher by 12 points in nasdaq and s&p gaining two. you are watching "fbn:am," your first look at morning markets and breaking news. ♪ sweethe

the republican nominees. potential republican vice president candidate and former hewlett-packard ceo, carley fiorina returned to the bay area to convince california republicans to vote for ted cruz. she and the texas senator are the only republican team to offer real change. >> the day we have a corrupt system. it is a corrupt system where too much power and too much money have been concentrated in the hands of too few for too long. >> reporter: she spoke in burling game and couldn't resist taking jabs at donald trump. >> donald trump isn't going to challenge the system. donald trump is the system. >> the next president of the united states, ted cruz. >> reporter: earlier today, former california governor introduced and endorsed senator ted cruz. he said as president, he would repeal obamacare, promote a tax and undocumented immigrants. cruz talked about filling a vacancy on the u.s. supreme court. >> i give you my word, every justice i appoint will be a principle constitutionalist. i will not compromise away your liberty and second amendment right to keep and bear arms. >> reporter: fiorina said after campa

this is the half of the old hewlett-packard that focuses on servers and storage for customers.with our bloomberg analyst senior analyst who covers hp for more details. what is your first take away from this deal? is this something that was expected? >> it was not expected, it makes sense, to be quite honest. to have one part of the entity focus on hardware, predominantly networking, storage, and servers and then finding a way to exit the sevres business to a company that focuses on that portion of the business. it is a good strategy. it refocuses the company on a smaller piece of the pie. but again, the risk here is that you have an extremely smaller pie you are focusing on, one this is on hardware, predominantly selling to corporate ip systems. will that be the long-term growth area for hpe? and do we need services to bolster that? that remains to be seen, but in the near term, this makes sense? >> what does this mean for meg whitman? >> this gives her a focus. after the slip, hp has done well. announcement, the cash flow has been improving. the debt profile should get better

a furn turn above the ebitda multiple that that company currently has. of course, this is a large part of hewlett-packard enterprises and will no longer be a part of the company. meg whitman will take a board seat at the company. the board will be comprised 50/50 as is the case equally of mergers. but mike lowery will be the ceo and chairman of csc which is getting much, much larger for this plan again for hewlett-packard enterprises to spin and merge its business with that of csc. important to keep an eye on shares of csc. i don't know if we have a look at it. responding very positively not just to this, kelly, but it also appears that the earnings the company put out today are actually fairly strong. in fact, it's the first time the company is seeing year-over-year revenue growth as reported, meaning not accounting for currency since 2011. the company reporting $12.7 billion. that's up 1% year over year but up 5%. that dollar, of course, as you well know has been more stable of late and so the company is guiding and expecting a more stable dollar will allow it to say that it is going to be coming in a

. >> and spin cycle in the old tech. hewlett-packardnouncing a surprise split, and we will look at it in the rally and break it down in the hot blitz. and now, pete and jon lagging in the portfolio competition. >> i am lacking a lot. >> he is lacking. >> what will they do to turn it around. >> it is josh and pete. >> jon is not lagging anything. >> it is just josh and i. >> lagging. okay. i got it. back after this. (speaking japanese) oh watson, your japanese is very good. thank you. (speaking japanese) exactly. i can understand nuance, context and idiom in seven languages to help companies all over the world with everything from retail solutions, to banking, to cyber security. (speaking japanese) >>> today, scientists and cutting edge companies are blurring the signs between science. modern medicine reports throughout the day on cnbc. >> we are back on the "halftime report" with the tradeer blitz. four trades on four stocks making news. noble energy is up first. and upgraded, steve? >> yes, and basically what the analysts are saying an

the deal news hewlett-padil s off it with computer vices business scieescorporation. the combination crees a company with $26 billion in an revenue, expected to deliver $8.5 billion to hp enterprise shde separately, hewlett-packard enterprises which is itself a spinoff of hewlett-packard reedng in line with wall street ess. shares of sharply in after-hour trading on news of the . shares of computer scienceo ikyoe there. >>> still ahead, a high-stakes trial in siliconal that has the entire tech industry on ed >> oracle and google, two of s big tech companies, are battling in court and the outcome could ies.nd far beyond thesewo francisco tells us what'sous at st >> reporter: two tech titans, billion. and a decision that could send shock waves across the industry. thetakes are high in the oracle versusooit that rests with a jury. or cth google used java programming t c n it drow the most popular opating systemn google contends it was fair use of that code. but the case goes beyond the two companies. at its hearts open source, a pillar of the software industry that a huge community o developers and startups rely . tves google can be able to if oraclewins. >> if indeed the fair use defense is not hold here and the j

the best or nothing. david: shares of hewlett-packard enterprises jumping nearly 9%.o back to lori rothman at new york stock exchange. >> it is not just earnings call but it is a fairly big nounment. hewlett-packard shares up in extended hours. they beat on top and bottom line. they announced they would spin off the enterprise unit and go ahead and merge with another company, cse, computer sciences corporation. hp is up and computers sciences, csc, up about 20% at last check. hp will own about 50% of this new company. so there you go. back to you. david: good for hewlett-packard. congratulations. melissa? >> the ultimate clinton insider now under investigation by the fbi. virginia governor terry mcauliffe chaired hillary clinton's campaign in 2008 and bill clinton's re-election in '96. now he is the focus of a justice department investigation for questionable campaign donations. fox news's doug mckelway has the details. doug, you have been digging up great stuff on this all day. what do you have for us now? reporter: well, melissa, fox news learned that virginia democ

will the cruz/fiorina team do the same thing to indiana she did to hewlett-packard? carly has an incredible business record and an incredible personal story. carly started as a secretary and rose the corporate ladder to be ceo, the first female ceo -- >> but, sir -- >> she was the first female ceo of a fortune 20 company in history. she helped hp become the largest technology company in the world, achieve remarkable success. many jobs were transferred from one state to another within the united states. when it comes to bringing jobs back to america, there could not be a clearer contrast between carly and me on the one hand and donald trump and hillary clinton on the other. donald trump and hillary clinton are flip sides of the same coin. they both have the same approach. take carrier. that's a good example. it is a travesty that they are pulling jobs out of indiana, moving them to mexico. the reason they are doing it is because of the obama administration's crushing taxes and crushing regulations. what is donald trump's response to that? he says he's going to punish

the last week cruz chose fiorina the former ceo of hewlett packard for her vice-presidential running mate. >>> mayor kenney takes part in the national solute to travel and tourism. >> i always tell people when you see people on the street, in center city down here and they have that map and they are looking at the map just go over and say hi, how are you, welcome to town can i help you with some directions? can i help you with anything else? people really do respond great to it. >> this is the kick off of the national tourism week, travel community, marked the event in a number of creative ways from state and local rallies, to securing proclamations and resolutions from local governments. independent mall is ground zero for philadelphia's robust tourist industry. >>> get your tickets? next power ball jackpot will be worth more than 348 million-dollar. >> how about that, drawing is this wednesday, in one matched number saturday night, that means jackpot just keeps growing. you can play power ball in pennsylvania, new jersey, delaware and 41 other states. >> if you play, good luck. >>>

the cloud is where it's at. hewlett-packard is going to sell out the struggling i.t. business rhetoric to computer science so they can focus on their cloud service business. both stocks soar. hewlett-packard. >> we are going to bring your livestock throughout the show today. keep you up to press with a nice :-) we've got going here. start with monsanto. they reject did the original $62 billion takeover from buyer. the stock this morning. not quite sure about that. we've got other stocks moving today. apple go into monsanto up to $3 today. microsoft at 51. facebook at 118 and moving higher. apple 98.29. an overall family. some stocks e-mail are doing stuff this morning. you will be pleased to hear. the state department admitted in a record number of serious refugees in to america this week approving 300 people, just this week or 200 on monday about. ambassador james woolsey is the best. central clock. why do you? that and not rush get them in. >> i don't know. i have an easier time getting inside the heads of politicians. you're shaking your head and look in a little n

the investigation. we should look at hewlett-packard intrer fees, that's not why the stock is jumping, the company saysgoing to stin off technology consulting business to computer science's corporation, shares of fpe up 65% but computer sciences is also jumping at the moment. to politics and donald trump about to take that stage in anaheim, california, you're looking at a live aerial shot. security at the event is tight, take a look at the chopper zooms. you do not see protestors. our reporters on the scene are telling us there's no mass protest action going on. few people here and there but a far cry from what we have seen recently, and i'm talking yesterday in new mexico. the trump campaign was contract today limit the amount of tickets, rather sold and that was supposed to be the 7500 but it could be because of this, what we saw as information just mentioning, remember last month in california in the beginning of may there were so many protestors on the scene back then that mr. trump who was attending the california republican convention actually had with to climb within that area within freeway and

can you imagine what would happen if we see the ink on that one? hewlett-packardnterprises announced a good quarter, said it was merging its enterprise service segment with the csc. right out of the blue. a lightning bolt. let's see. along with cisco hot for networking. applied materials. apple may be doing more units out there. qualcomm talking good. western digital breakaway. microsoft. possible takeover for zylinx. that sure sounds like a legitimate reason for the largest group in the s&p 500 to rally. there's tons of groups moving today. the leader right now is tech, when tech's at the vanguard, the market can give you a powerful and lasting move higher. paul in utah. paul. >> glad you got your voice back. >> i was scratchy. i feel like it was nails on a blackboard. >> much better next week. my question is about alcoa aluminum. creating a new company, will that company then be come an ipo and trade on the nyse. >> they're going to split the companies, it's going to be terrific. aa has come down. it's traded -- the upgrade yesterday was really good. they talked

hewlett-packard just keeps getting smaller. less than a year after it spun off with a split with its one company making printers and pcs, the otherckard's enterprise is now spinning off its technology services division and merging it with computer science corporation based out of virginia. that's an $8.5 billion deal. computer science corporation will run the company, although hp enterprise will maintain a 50% stake in that firm. and that services technology group represents two-thirds of hp's sillicon valley workforce and more than 100,000 workers. shares in hp enterprise are surging higher on that news. >>> i had to and uber are getting much closer together. toyota is making a strategic investment into uber. neither is saying how much but it's close to $100 million. they will start off with a new leasing program for uber drivers who can lease their vehicles through toyota over a flexible period and also apply some of their earnings from uber to those lease payments. they plan to develop this partnership even further down the road. wall street coming off a big day on tuesday. strong gains, the dow up more than 200 and off to a g

hpq, the symbol for hewlett packard. >> i've seen it. >> no kidding? >> yeah. it's amazing. - you're going to design anything, you're going to do it 3d. by the way, alcoa has a 3d division that is also great. 3d, if you ever get a chance to look at it, it is extraordinary. you're just not going to model anything. hewlett packard's got jnj. hp. they got to change that. they got to make it easier, you know? people get confusing. >> i know. they're going to change the name of csc potentially and hp -- at hp enterprise services to a new name. >> stark industries. >> and charter time warner cable -- >> no, they're just charter. i think they're sticking with charter. >> no, they're going to come -- >> time warner cable. >> they're going to become -- and who's dunder mifflin? >> theranos is dunder mifflin. >> meantime, we are see iing offshore marathon, a lot of discussion what happens at 50. do these guys actually look at their rig count, or do they look at their balance sheets first? >> they sell futures. and that's why 50 is that magic level where they can bring in income. rememb