the print business. i admire dion a lot. i thought he would be perfect for hp inc. thought that i love the enterprise business and it has not been what i have done for 25 years, but i now know the business and i love the business and the dynamic nature of it. for management continuity, what ailed hp was too much management turnover. emily: you are going to be chairman of hp inc., how does that work in practice? say hp inc. wants to do a deal with emc or some other company. meg: we did not create these two companies to compete with each other. we created these companies to go after new opportunities that only they can pursue. at least for some period of time we have well-defined swim lanes. hp inc. will be all over 3-d print. all over immersive reality. we will be focused on converged infrastructure, software defined data center, our services businesses, helping customers take ip infrastructure from where it is today to where it has to be. that is the reason i do not think it makes sense to eat the other company. we should take share from our competitors. emily: have

where do you see the fat when it comes to hp enterprise? >> one of the most important things a lot of service companies have done is moved there staff -- the staff to offshore locations like india and the philippines. hp has not been as aggressive as some of the other companies at this point. hp has been behind. it is possible that this could be an aggressive move to cut down cost and be more competitive out there. emily: how optimistic are you? whenever jobs, these are hard choices. but it certainly seems that she has been able to make these hard choices, not the least of which was flooding of the company. how optimistic are you about the future of hp enterprise with meg whitman at the helm? >> and lots would be dependent on how they position this company in the future. where are they going to visit? if they have the idea of outsourcing business, they're going to have a tough time. analytics, do cloud then they have a shot at getting back to growth. our senior analyst at bloomberg intelligence, thank you so much. i want to bring the preside

how optimistic are you about the future of hp enterprise with meg whitman at the helm?> a lot with depend on how they position his company in the future. pivot it?y give it -- if they have the idea of outsourcing business, they're going to have a tough time. but if they do cloud analytics, then they have a shot at getting back to growth. emily: our senior analyst at bloomberg intelligence, thank you so much. i want to bring the president of microsoft back in. we were talking about partnerships and working with such in the download. and talking about hp, there are a lot of changes going along and the tech industry. what makes you so hopeful about his decision and vision at microsoft and for partnerships? peggy: we have always had an active partner network and -- at microsoft. but we have not always partnered well, and innovated alongside them. i think that is the change we see. he recognizes the importance of working with partners. i think you will continue to see surprising relationships in the year ahead. emily: you have strong with uber dropbox and aol. , what does it

i heard you say it, the next phase of the hp journey. usually we start off many interviews with this question. will that actually involve growth -- >> yes. >> if the economy stays where it is now. >> for hewlett-packard we said there will be growth next year in constant currency. we feel confident about that because we have an incredible innovation pipeline in enterprise group, enterprise services we said would be down negative 2% to flat in constant currency. by the way, enterprise group has staged a remarkable turnaround in the last three years. they grew 9% in constant currency in the third quarter, probably the fastest growth rate in the last four, five years. we're optimistic about the growth. >> you know, to be fair, meg, i think we've done interview now for the last four years. i think at the outset you anticipated that there would be growth prior to this. i don't want to take away from the accomplishments the company has seen the last few years, but you never quite got there in growth what gives you the confidence you'll be right

at the time was name hp's wholesaler of the year. so how did it be they were doing all this business with iran? the hp was called the wholesaler of the year, and you didn't know what was going on? >> the whole searer of the year you were describing was doing business with another company, that is dove business with iran. clearly that wholesaler of the year was not honest in their dealings with us, and they were not honest in dealings with this third company. that's why the dealings with this organization were cut off immediately. it is why the company cooperated with the s.e.c. in a very thorough investigation and it is why no charges were ever filed, because it became clear that this third company was not honest or trust worthy. needs was the organization they were doing business with. it shouldn't have happened, obviously. >> ms. fiorina, we're going to have to leave it there. >> yes. okay. >>> safe travels on the campaign trail. >> thanks, chris. >>> up next, we'll bring in our sunday group to discuss the latest controversy involv

does this will handle the other side. hpinters. 55,000 workers hpsa.this part of the restructuring back in 2012. separately general electric says it will move 500 jobs overseas because congress did not renew a government program that allows foreign companies to buy u.s. products. lauren: another bright after ahead? a tentative deal on a new contract for 40,000 u.s. workers. sources tell "the wall street journal" he will remove a controversial two-tier wage system for new hires make substantially less money than more experienced coworkers. the deal expected to serve as a template for other deals to be reached with general motors and ford. we are waiting on those two. >> they are certainly looking at fear chrysler to be the way. before you head out the door, advocate the wednesday forecast. maria molina will tell you everything you need to know. an umbrella, a finisher hot. reporter: you'll need a finisher hot across parts of the plains. i want to talk about the wildfires west because their extensive across california, washing

. >> reporter: the more carly fiorina counts her time at hp the more likely her record will haunt her. hp lost its half its value and laid off half her workers. after she was fired in 2005 the company stock went up. summed -- carly fiorina defend her record. >> let me give you an example. when you have two companies that each employ literally tense upon tens of thousands of people. you don't need two cfos. one of them has to go. you don't need general councils. one of them has to go. on the other hand we grew the sales force. >> reporter: carly fiorina says if she win it is nomination then hillary clinton will not be able to play the gender card. on a lot of so-call women's issues carly fiorina holds the same position as her male counter parts. >>> a hearing set today about plans to move a convicted sex offender to concord. frazier smith spent the last five years in state hospital. now the state wants to move him into a residential neighborhood. many rents say -- residents say they are worried about their kids. he had been living in solano county before prison. >>> people suspect beat

at the time, was named hp's who wholesaler of the year. how can it be they were doing all this business of iran, hp was calling it the wholesaler of the year and you didn't know what was going on? >> the wholesaler of the year that you're addressing was doing company with another business in china. that wholesaler was not honest in the dealings with us, and we were not into the other country. it's why they cut off the company in a very thorough investigation and it's why charges were never filed. because it became clear that this third company was not honest or trustworthy. neither was the other organization that they were doing business with. it shouldn't have happened, obviously. >> ms. fiorina, we're going to have to leave it there. thank you so much for talking with us, and safe travels on the campai campaign trail. >> thanks, chris. >>> up next, we'll bring in our sunday group to discuss the latest controversy involving donald trump. >>> plus, what would you like to ask the panel about the changing state for the gop race? just go to fa

is in line with it's revenue and that the new cuts will help hp expand it's profit margins. s can will save the company an estimated $2.7 million. >> for the past two years, they are some of the big retailers that have been building up their warehouses and distributions centers across the country to get their online orders to customers faster. analysts expect that they will have a hard time filling all of those holiday jobs. >>> taking a look at what this means for the bay area job market. we have russell hancock there. he joins us now via skype. thank you for being here with us. >> happy to be here. thank you. >> we have companies now gearing up for the holidays. maybe not as much as last year but then you also have major companies like hp making these cuts. what do you make of all of this? >> well the cuts at hp are attention grabbing because we are talking about simple con valley icon. the actual fact is that sit a very small part of the silicon valley store. what we have right now is an economy that is firing on all of it's cylinders. last year weed aed 120,000 new jobs t

record. >> the question is whether the public cares about her hpu do care about her record, it's a bad record. she talks about it in this relative way, relative to the way things were at that time, but even relatively it was relatively terrible and she talks about it empirically. she lost $60 billion of investors' money at the time. in business there's a report card, that is her report card and even if we were to look at it and say, okay, so what about to ibm? what about to dell? by orders of magnitude worse and even more so, when you think about politics, she's selling something. when she was the ceo of hp she sold something and told investors targets what she was was going to do, and she missed them. she missed them repeatedly to the score of $2.4 billion in missed targets. now, whether the public cares about those numbers, that's a very different question. >> david, where she showed passion, she is not accepting any of the fact checks on this planned parenthood thing and she really doesn't want to -- she's basically saying details don't matter,

hp ept -- hp enterprise will handle the data analysis and hp ink ink covering computers. >> you typically don't do this unless you plan on selling the company. >> they say it is a bad sign for hp. >> it is bad for hp who has found it impossible to find a ceo that they can get to turn the company around. >> they say the move will enable a more competitive and sustainable cost structure. >> eventually they can make profitable separate companies out of it. but it is a different company. it is not hp as we knew it. >> they will plan to layoff 10% of the 300,000 person global workforce. abc7 news. >>> social media spying? tonight twitter is accused of reading your private messages, and that's not all. also ahead -- >> you have been purring and acting like a normal cat. >> that's good. the four-legged victim of the fire receiving an outpouring of social media support. how this little guy is doing tonight. >> and caitlyn jenner is taking important legal action. what she is now asking a southern california court to do. >> first, here is a look at what is coming up on "jimmy kimmel live" on the --

hp. she will have to stay on message and defend the good points at hp. ssa: byron, do you agree with that? >> well, i'll not sure if she is going to be able to do that facing a democratic opponent. bigger problem, just business in general. in the past business, people have been successful in business have thought that they could be president. it did not work for mitt romney who talked about his business career all the time. sometimes didn't even mention that he had been above of massachusetts, go back 20 something years to ross perot. won 19% of the popular vote, nothing in the electoral college. we have not elect ad business person president on the basis of their business record for a very, very long time. melissa: harry truman. you bring up mitt romney, he seemed to apologizing for it in so many senses. she instead grabbed ahold of it as donald trump. i can make hard decisions. keep discussing this in the future, no doubt thanks to all three of you. david. david: keeping to politics, fox business's maria bartiromo tomorrow has nba hall-of-famer kareem a

hp ept -- hp enterprise will handle the data analysis and hp ink ink covering computers. >> you typically don't do this unless you plan on selling the company. >> they say it is a bad sign for hp. >> it is bad for hp who has found it impossible to find a ceo that they can get to turn the company around. >> they say the move will enable a more competitive and sustainable cost structure. >> eventually they can make profitable separate companies out of it. but it is a different company. it is not hp as we knew it. >> they will plan to layoff 10% of the 300,000 person global workforce. abc7 news. >>> social media spying? tonight twitter is accused of reading your private messages, and that's not all. also ahead -- >> you have been purring and acting like a normal cat. >> that's good. the four-legged victim of the fire receiving an outpouring of social media support. how this little guy is doing tonight. >> and caitlyn jenner is taking important legal action. what she is now asking a southern california court to do. >> first, here is a look at what is coming up on "jimmy kimmel live" on the --

betty: as carly fiorina rises in the polls, voters want to know more about her time at hp. it is perhaps her one achilles' heel. we take a look at her record. brendan: on brendan greeley. betty liu. 90 minutes into the trading session. let's look at how stocks are trading. we are near highs. disappointing existing home sales numbers. s&p up by 1%. over the weekend we heard from various fed officials who say even though they did not move last week, we are on track for a rise in interest rates. even john williams, the san francisco fed president said, "i view the next appropriate step as gradually raising interest rates starting later this year." sondan: and he is dovish that carries weight. jim bullard saying we could move as early as october, which is a little shocking. let's take a look at treasuries. a six-story, yields up along the two-year, 10 year and 30 year. some confidence towards inflation. betty: right near the high on the yield. a reaction and the bond markets to the fed comments. a few hours, almost one quarter of volkswagen value has been wiped out. europe is do

with fiorina at the home of hp, the company lost over 30% of its value and 30,000 people were laid offtom perkins, who was on the board of hp at that time, he took out a full-page ad to defend her, calling her a ceo. but is tom perkins really the guy fiorina want making the case for her to be president? -- you might remember he 1% toed the "war on the the persecution of the jews." get richer, but they bring everybody else with them when the system is working. emily: you're a multimillionaire. billionaire, i'm a millionaire. i have created some billionaires, but i am unfortunately not one. andy: you have fancy cars submersibles. underwater airplane. all that you worry at you are divorced from reality? are you divorced from reality? >> i don't think anyone can honestly answer that. truthfully, i don't think so. we got into a discussion about rolex watches, that it is a symbol of terrible values, etc. i think that's a little silly. this isn't a rolex. rolexesbuy a sixpack of for this, but so what? there, a bigrkins backer of carly fiorina. coming up, refocusing omission, next. ♪ emily: in

at the helm of hp, the company lost over half its value, and 30,000 people were laid off.isputes how bad her tenure was and points to the multimillionaire venture capitalists, tom perkins, who was on the board of hbs the time, and tom perkins, who was on the board of hp at that time, he took out a full-page ad to defend her, calling her a n excellent ceo. but is tom perkins really the guy fiorina want making the case for her to be president? you might remember he compared the "war on the 1% to the persecution of the jews." i spoke to him about that comparison. let's listen. >> let the rich get richer, but along the way they bring , everybody else with them when the system is working. emily: you're a multimillionaire. >> no. i am not a billionaire, i'm a millionaire. i have created some billionaires, but i am unfortunately not one. emily: you have fancy cars and yachts and underwater submersibles. >> airplane. underwater airplane. emily: i saw it. it is basically an airplane that flies underwater. are you worried that you are divorced from reality? are you divorced from rea

critics questioned the move but history proves carly was right. post merger, hpecame the biggest computer company in the world. it positioned hp to compete in integrated system and allowed us to compete in sectors of the company, printers. i can attest to her intellect, her talent, i'm proud to support carly fiorina for president of the united states." this guy participated in her firing on the board, and he says you're wrong. >> this is one board member who never minded speaking to the press about confidential board then and recently. by the then dean carol loomis at the time he was open about what a colossal affair she was in style and substance. if he did, why hasn't he hired her in the last ten years? why hasn't anybody hired her in the last ten years? >> has she held any ceo position since hp? >> she's not only never held it, she's never been offered. >> when her tenure at hp was raised as an issue in the 2010 senate campaign against barbara boxer, this commercial was aired, and it significantly changed the direction of the race. the race has been neck and n

but the value of hp stock shares plunged nearly in half. senator barbara boxer's ad makers hit these themes hard when the california democrat handily defeated fiorina in 2010. >> as the ceo of hp, carly fiorina laid off 30,000 workers. >> reporter: today fiorina's rivals are using the same play book. >> the company is a disaster and continues to be a disaster. that's because she bought compaq. it was a terrible deal. and it really led to the destruction of the company. >> i led hue let a. >> reporter: fortune reports that some rival firms, weathered the bursting of the tech bubble much better with ibm posting more sales growth averages and shedding less in stock value. like-wise, dell shaw its shares rise by double digits during fiorina's tenure at hp and shares of lexmark soared by nearly 30%. >> would you have done anything differently? >> not really. that's not to say that i was perfect. i'm not. we all make mistakes. but the big things i got right. the big things about the fact that you can only grow if you innovate, particularly as a te

social analytics company brand watch says there were thousands of mentions about the former hp-ceo and three quarters of those were positive. >> more than 100 people gathered in san francisco tonight to watch the debate. >> katie has their reactions to what the candidates had to say. >> donald trump knows how to get a rise out of people. one san francisco republican says trump is getting something out of the other candidates. >> they are all upping their game. upping their game in some respect because they don't get why trump is doing so well. >> he is not the only one who saw change across the board. >> they have all proved powerful this evening. >> for many it was carly fiorina who flexed her muscles. >> i did like her somewhat, but more so tonight. >> she is very, very tight with her responses. when the moderator tries to cut her off, she is not going to be cutoff. so she has -- she is doing very, very well. >> fiorina even caught the ear of the democrats with this. >> here in this nation they are filled with the possibilities of their god given gifts. >> her answer to the question

i feel pretty good about the adobe call, don't like the hp call. uare. >> netflix topping the tape up more than 4%. the move comes on the back of its announcement the company will move into south korea, singapore, hong kong and taiwan early next year. and of course we've been noticing the underperformance relative to the rest of the markets of late, guy. but here it is. a standout. >> 95 the line in the sand. mark cuban talked about it a couple mondays ago i think. the days starting to meld together. but 95 was a 50% retracement. we talked about that a few weeks ago. i think you own the stock. i don't think the netflix story's changed at all. the international growth is still outstanding. yes, valuation is a concern. but i don't think it can be replicated in the near future. five years from now we probably won't be talking about it. five months from now we will. again, tape stays benign here. i think netflix goes higher. >> how are you feeling about netflix? >> i tliek as well and the growth internationally. they continue to expand. in the u.s. ther

cuts are never easy, but it's the right thing to do because we have to now get to the next phase of the hpourney, and if you think about the cuts over the last four years, they were mostly to help us keep, you know -- get a cost structure in line with the revenue trajectory. we're now saying that revenues will grow next year and constant currency. this now can be about margin expansion, and that's now got to be part of the story. >> as they move a lot of employees to low cost locations. going to give half of free cash flow back to shareholders. she has a good handle on this now. john, her words. what do you think? >> i'm cynical about this stuff, carl. remember when she came in, she blamed mark herd for cutting so much and cutting cut to the bone they couldn't ino vat. what has she done since she's been in there? cut, cut, cut, cut, cut. we were cutting because revenues weren't going. now we're cutting for profitability. even though we said things were going to grow this year. hp is a mess. you look at the enterprise business. they call themselves category leaders, but it's hard to see whe

social analytics company brand watch says there were thousands of mentions about the former hp-ceo and three quarters of those were positive. >> more than 100 people gathered in san francisco tonight to watch the debate. >> katie has their reactions to what the candidates had to say. >> donald trump knows how to get a rise out of people. one san francisco republican says trump is getting something out of the other candidates. >> they are all upping their game. upping their game in some respect because they don't get why trump is doing so well. >> he is not the only one who saw change across the board. >> they have all proved powerful this evening. >> for many it was carly fiorina who flexed her muscles. >> i did like her somewhat, but more so tonight. >> she is very, very tight with her responses. when the moderator tries to cut her off, she is not going to be cutoff. so she has -- she is doing very, very well. >> fiorina even caught the ear of the democrats with this. >> here in this nation they are filled with the possibilities of their god given gifts. >> her answer to the question

united states. >>. >> interesting that the tech bubble and silicon valley, jobs, all these -- the board of hp becoming a back drop in the political narrative here. >> yeah. i thought it was a really effective comeback and totally fai fair. s. >> i think the ding on her and her corporate tenure is probably she's lacked that ability to win people over and to work within the system to change things and get things done. if i were her opponent on that stage, that's what i would point out. not the specifics of her ceo tenure because all that is up for debate. >> totally right. i thought chris christie made the best point. look, enough of you two. okay? you both are successful. let's focus on what actually matters. she got fired. she owned township it. she's been tremendously successful. so has trump in some ways, although four companies go bankrupt isn't great either. no one throwing stones there. >> it's a little hard to judge her tenure because she, as john says, was dealing with extreme environments. extreme corporate environment within the company. then the extreme hack row environment given wh

they fell heavily yesterday, dragged down by the hp. e a couple of the markets -- the stocks we are focusing on. each -- h shares, the auto industry raised. this is helping automakers list -- l in china and hong kong. ift and it looks like japan tobacco falling the most in four years. that means $5 billion in cash. , it looks like it will be a good buy, analysts happy about that. they are getting rid of $5 billion cash today. and a nice comeback from the players in australia, that were hit hard yesterday. they are doing much better in hong kong. "what'd you miss?" doing -- yvonne: doing a lot better. this is the trading session of the quarter, what age court -- what a quarter it has been. we need to assess the damage. david has been going to the numbers, talking about this $11 trillion value wiped out in equities. aged 25 years. june, thep in mind, latter part of the second quarter. that is when -- at the same time, we were between the greek , the bank holiday that decimated the colony, then the bailout. year today, i want to mention tha

but my point is this, i think one of the things that we'll have to deal with is her record at hp. i have a column in the "daily beast" this week about it. i think net/net it's positive, but it is something she will have to address. she will have to go to silicon valley and wall street whether she did a good job there and whether that record can be trabs la translated in to a record of being president. >> she's better at defending this record than other business titans have. whether donald trump's bankruptcy or mitt romney -- i think there is more staying power to her. >> adam mentioned she's a good campaigner. she'd made an excellent president in my mind. >> she did lose in california. >> but she's getting a lot of support and i think she'll sky rocket in the next poll. but is she a good fund raiser. you look at her super pacs, jeb bush has 30 times what she has. >> but that's a snapshot in time. ben stein, you could make the argument now if she properly seizes the moment, that could change. what do you think? >> well, there is so much money sloshing around out there. just astoundi

there was a tech boom going on in the late '90s. hp was still struggling. les were starting to go down. then the tech disaster, dot-com bubble burst. kmart went bankrupt. worldcomron, problems there. hp had to struggle through that tech downturn. so, you know, yeah, can you question her numbers and her math? i guess so. but you know, has to be in the context of the times and how much turmoil the board was in. trish: rich goodstein, your take on carly fiorina's performance as ceo? >> i'm glad liz said what she said, rather than being attributed to some democratic hack. look, it's worse. carly fiorina -- trish: don't worry. >> it is worse in this regard. she says i'm a non-politician. she is a non-politician because she ran for the senate in single best year the republicans have had in any of our lifetimes and lost by over 10 percentage points, granted in california. and the thing that blew her out of the water was an ad, that said during the time that hp was laying off 30,000 jobs back then, not just what was reported yesterday, she tripled her salary, she bo

last night she claimed that she doubled the size of hp while she was at the helm. but are both of them exaggerating their business success? each accused each other of that last night. who is right? tom foreman is "outfront." >> she can't run any of my companies, that i can tell you. >> reporter: call it a corner office cage fight. business tycoons trump and fiorina pounding away at each other in the political arena. >> i think women all over the country heard clearly what mr. trump said. >> reporter: for trump, it's all about hp. carly fiorina was the head of the tech company in 1999. no woman had ever risen to such heights in american business. >> we are not losing revenue as a result of this merger. >> reporter: but the headlines were even bigger when she oversaw the mega purchase of compaq and hp went into a tailspin, losing half of its stock value, laying off 30,000 workers. >> the company is a disaster and continues to be a disaster. they still haven't recovered. >> reporter: by 2005, fiorina was fired. although, as she told erin burnett, with the tech bubble

she's got a lot of pressure both from the news from hp and then as well as this. n her after this. i mean, trump has really -- he's the one that drew her out into the limelight now. i think we're going to have to see how she performs. this is her chance. if she's not able to really handle it in the manner of which kind of brings her to somebody's -- the thing is people didn't know her very well. this is their chance to get to know her. it's unfortunate to get to know her in light of this job loss or failed record or if she's able to really, like you said, deliver a one two punch to him and make him seem the fool in this scenario. >> sabrina, the republican ticket, whoever, need to have a woman on it? >> certainly that would be great for the gop's image. it is no doubt, you know, still tremendously behind the times so i think someone like carly fiorina is a wonderful addition to the stage and perhaps to the ticket. one thing that i would add about her is that if i had to think of one word to describe her, it's determination. and i think that that's something that, y

that's 10% of the workforce. hp says the cuts will be global but it isn't elaborating. the business offers i.t. services and support to corporate customers. >>> on wall street, stocks rallied on tuesday ahead of two-day federal reserve meeting which begins today. futures are relatively flat but investors are split on what the fed will do, whether raise interest rates now or hold off through the uncertainty in the global economy. look for data on consumer price, inflation, housing. fedex reports earnings. dow jumping 228 points. the nasdaq up 54 to 4860. >>> facebook gives the thumbs up to a dislike button. ceo mark zuckerberg says the company is working on the feature although he won't say when it will be rolled out. he resisted the move for years but wants to be able to express empathy for posts than just the like button. >> to decision 2016, all 16 presidential candidates debate in california. the focus is on the top 11, front-runner donald trump as well. candidates will meet face to face for the first time in over a month at reagan library in simi valley. a lot happe

that is roughly 10% of the workforce. hp the cuts will be global but isn't elaborating the enterprise business offers i.t. and support to corporate customers. facebook gives the thumbs up to a dislike button. the company is working on the feature although he went say when it will be rolled out. he says he resisted the move but users want a better way for empathy for posts than just the like button. >>> and new rates go into effect in january. ups has yet to respond to the move. but earlier this year both companies started charging to ship boxes based on size and weight. >>> and just ahead usc has a new player and one small thing, he's completely blind. >>> and a game of thrones villain arnl wrestles the world champ. well won't spoil the end. wildlife rescue workers open up a lot of dawn. tough on grease...yet gentle. dawn helps open... something even bigger. go to facebook.com, dawn saves wildlife. so you don't have to stop., tylenol® 8hr arthritis pain has two layers of pain relief. the first is fast. the second lasts all d

. >> reporter: when carly fiorina took the top job at the technology giant hp in 1999 she was riding of professional success, fortune magazine called her america's most powerful female executive. >> i led hewlett packard through a very difficult time, the worst technology recession in 25 years. >> good morning, everybody. >> reporter: then launched a single massive deal and she's been playing defens ever since. >> it was a terrible deal and it really led to the destruction of the company. >> reporter: so what was this deal? fiorina wanted hp to buy compact to improve the personal computer market, partially funding the purchase with money from hp's highly successful printer business. when she met resistance within hp, she pushed through and got the deal anyway but at a terrible price. profits plummeted and even when they started rising again, they lagged behind competitors. hp stock value dropped by half. 30,000 workers were laid off and less than six years after she took control, fiorina was fired. wall street had little faith and on news of the dismissal hp stock jumped up 7%. >> he

the tech giant is adjusting to declining demand. hps going to split into two publicly listed companies this year as you know and try to capitalize on something other than pcs. the cloud, 3-d printing and other places but revenue here down from 130 billion a couple of years ago down to something like 110 now and meg whitman is indicating maybe the pain is close to being over but she's going to be talking to squawk on the street sometimes after 9:00. and the uaw and fiat chrysler reached a tentative labor contract. the deal covers 40,000 workers and the auto maker ceo says the controversial two tier pay system will go away overtime. it also addresses how to curb health care cost and the idea is said to be broadly part of that pact and apple is rolling out it's ios 9 update today. it will take less space on your device than the previous one. now will it come automatically -- it will say do you want to do ios 9? >> it will have the whole thing where it says number one. >> you can't get rid of it unless you do it. >> unless you do it. >> bu

they will save the company an estimated $2.7 billion. analysts say hp has struggled to be competitive in the world of cloud commuting and mobile applications and meg whitman said the cuts should eliminate the need for future corporate restructuring. they took the top job in 2011 and since then they've laid off workers. she said hp will be smaller and more focused than hp is today and we will have a broadant deep portfolio of -- broad and deep portfolio of business. >>> tech stocks are up. hp's shares were up. right now, stocks up 4%. a lot of people always ask me, they are cutting jobs. why is the stock up? it's sad news for a lot of people but for investors and the business side, it's the company cutting costs and that means the bottom line goes up and the stock reacts positively to that. >> it's interesting to see how hp, sort of this really big ship, having to act in modern times. it's interesting to see how -- >> they are having to reinvent themselves to try to compete with all of the youngsters in the business. >> aren't we all, pam? [laughter] >>

she answered the hp question for the millionth time. we expect donald trump's explanation of his bankruptcy but we push carly fiorina in another way at her backup success at hp. >> mark, i don't know that we accept the answer. bankrupt. he legally filed four times for corporate bankruptcy. but 30,000 jobs weren't lost as a result. yes thousands of jobs were lost closing the casinos. do you think we're pushing fiorina harder on that front than trump? >> i think people are pushing carly fiorina on this point because they don't like corporate america. donald trump has been able to be a reality tv star that's a billionaire and separate himself in a different way. people don't look at him as a ceo. they look at him as a multibillionaire, a mogul. whereas he is a ceo. they don't like companies and corporations because somehow they feel like they always get rich and other people get hurt. but i also think carly fiorina has been very smart in her response here. people sometimes fail. you look at her overall story. she started as a secretary and

it's indicative of the next generation of software, technology and security. hp to compete with amazon and microsoft in a way it hasn't been able to before. >> we talk about the digital era at merrill lynch. it's about companies staying competitive with the new technology. hp trying to compete. maria: will take a quick break. when you're hell-bent on savings, as a supersaver will tell you about the millennial saving 15% of their salaries. the sox jumping this morning on news the company approached a possible takeover. the value would be $280 billion. take a look at anheuser-busch. the stock expected to open much higher this morning. we will be right back. ♪ can a business have a mind? a subconscious. a knack for predicting the future. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? maria: welcome back. the crisis in europe getting worse. cheryl casone with the story right now. >> good morning maria. that's right. hungry trying to slow the constructed fencing and riot police. german ch

know what, you can spin the numbers many ways, and the profits were down on her watch, and the share price of hpt down 50%, and most people in tech business e feel it is a failure. >> and top line growth is not the same as the bottom line. and you can hear donald trump talking about it. >> and yes, obviously, it is politics. >> no, more spin than execution, i'd say. >> and she is going to be getting more scrutiny, because she is higher in the polls. >> yes. >> thank you, rana. >> and "legal view" with ashleigh banfield will start after this. i'm angela, and i quit smoking with chantix. for ten long years i was ready to quit. but i couldn't do it on my own. i needed help and chantix was there. and i did it. along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. some had seizures while taking chantix. if you have any of these, stop chantix and call your doctor right away. tell you

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