>> yeah, you bet china is an issue for xilinx and huawei is a customer of many xilinx was a bigger customernd that's why they've done relatively in recent quarters. some of that's already come out. i think at this point huawei, you know, you said tens of millions, it's probably mid single digits. its not trivial but not critical at this point. obviously, there are worries about the broader escalation that is not necessarily xilinx i like a matter of getting this closed though, china is going to be the wild card they're going to presumably need china principle of law there is not a lot of fundamental antitrust here if i didn't worry about china, i think this gets done but that will be an issue. this deal is easier than nvidia. >> maybe when we were at least investors worried about qualcomm that hit some highs this week. but now the worries shifted to some other stocks. give me your take on what is happening in tech overall. all of this potential m & a. you know, in software, you've got oracle eyeing tiktok and you have other things going on microsoft making buys in gaming. now you've got thi

and that's what xilinx is all about. fabulous company, i would say it is one of the best companies in the industry. it is a very unique capabilities and we are so complementary. you see that when we think about the product portfolios, the market segments we're in and culturely very aligned as well so it is a very, very good day for amd and we're very excited about what we can do together. >> i know you're quite familiar with mr. peng who runs xilinx when he was on "mad money" recently he talked about data center, but obviously industrial and i'm wondering how these fit in with the company that i think has made great advancement in data center and owns the pc market at this point are these markets ones that you want to be in? do you want to be in automotive? >> yes, so, absolutely when you look, our base amd market opportunity is about 80 billion. great markets, big markets, they move quickly and well. when you add xilinx, what you add is, first of all, we're both still very focused on the data center that's number one pr

xilinx does most of their manufacturing in taiwan already. don't see any change by this deal going through >> stacy, just want to ask one final question about valuation amd is doing this deal entirely with a stock currency. it's performed a lot better over the past year or two than xilinx has. how much risk is there in this for amd investors if intel and altera and others in the space with xilinx is start to perform pretty well? >> well, you know, inthey will a number of years to try to push the performance of altera. if anything, i would say xilinx's performance over the period that intel owned that asset only got stronger. i'm not terribly worried about that in terms of doing this in stock, i mean, makes total sense. there may be a certain degree of opportunity here the stock a few years ago is $50. it's now $80 or wherever it was:so i mewas. so if they're going to do the deal, especially do it in stock this is now probably the time. they've already set the issuance anyway in terms of the conversion ratio. if the stock comes down from there

they're already big, but at the same time terrific to team up with xilinx. it fills a lot of holes for what lisa sue has built but at the same time, she is a huge positive steward of her company's stock and money. so if xi lilinx wants a fortuned they're depressed becauses they switched their model and hurt by chi china, if she has to overpay, she won't. >> we'll see i have no reporting on exactly what price expectations if there are any at xilinx might be there has got to be certainly some concern about regulatory. these deals can take a long time, were it to actually get announced and then move through the process. they need china antitrust approval as well both businesses have a decent amount of revenue. so that is not something that comes easily as we know. and certainly can always inject a good deal of uncertainty into any transaction. >> yeah. i mean, look, i think that she will have to pay more than where xilinx is trading now. the only problem there is that if she doesn't buy it, there is no assurances xilinx will have a great quarter. the last quart

and nasdaq up .6%, primarily on the xilinx news. we will be talking about that. best up 7%, performer in the major indices. currency wise,nt although we are seeing the chinese yuan strengthened a little bit. the dollar index, back below 93. this is bloomberg. ♪ live from toronto, i'm amanda lang. vonnie: i'm vonnie quinn in new york. welcome to bloomberg markets. we are joined by our bloomberg and bnn bloomberg audiences. here are the top stories we are following from around the world. amd agrees to buy xilinx in an all stock deal, breaking into the possible market for data center computer components. senators depart capitol hill. a pre-election stimulus deal looks to be near impossible as the senate adjourned until after the election. we will talk about that and the outlook for foreign policy with lauren baer. insight into the luxury hotel industry. we will hear from the mandarin oriental ceo about business and leisure travel. how the pandemic has weighed on the company. amanda: we are keeping our eyes on the markets. some groups in the s&p 500 are decidedly mix

vice competitor xilinx and a mega deal as the pandemic drives a record amount for computer chips. and a un report says rich countries are exporting millions of dangerous dirty cars to developing new. it is urging them to feel. this is the doorway business imes an elder on in berlin thanks for joining us stan plans to increase taxes on corporations and the wealthy to find a bigger health an infrastructure spend and to help rebuild a coronavirus damaged economy but the proposal faces an uncertain future in parliament meanwhile widespread strikes from workers especially impacted by the pandemic have hit the streets. these 2 of us drivers have come to madrid from all over spain they're at their wit's end for months now their earnings have dwindled and many are close to going bust. but we're demonstrating because we need help we need because we face total ruin in this sector it's just a little help we need if not we'll go bankrupt. they left us in god's hands they just gave us the furlough payments and nothing else as for regular drivers the ones driving the main routes they got severa

xilinx up about 12%.ight now to look through exactly what the terms of the transaction are. it will bring together it looks like what they're saying brings together 13,000 engineers and collectively $2.7 billion in annual rnd investment. interesting they're making that point. but, in terms of the exchange ratio, it will be 1.7234 shares of amd common stock for each share of xilinx common stock 134 per share of xilinx common stock. becks? >> we could probably add to that that they are targeting $300 million of cost energies within the next 18 months or within 18 months of that being the deal being done cost energies a lot of times that means layoffs they do say that the acquisition will be immediately to margins, earnings per share and free cash flow. >>> joining us right no talk about all the news and help us digest it is joe taranova and is a cnbc contributor what do you think? let's run through some of the earnings news that we just got coming out companies like 3m, lit better than expected. but saying

she knows what to do with the greatest chips if she decides to acquire xilinx and amd sells off. i am going to come here and pound the table that you need to buy the stock of amd how about tuesday? tuesday could be -- the house of pain we got jurp morgan and citi. i do fear the worse. the banks' rates are so low. they can't make any money deposits they face scrutiny from the government and on the dividends and buy backs and fortunately for johnson-johnson. i wish the stock had jump up 150. that means the bars had been raised wednesday we'll get more facts thank you america for putting up such great numbers it is more of buffett's favorite the same can't be said of wells fargo though the charlie sharpe should think twice of staying silent because there are a lot of questions that needs to be answered. questions of turnaround he's trying to orchestrate. he's an articulate man, he should come on and talk. we'll also hear from goldman sachs. they have good number. there is a lot of mma activities those are what's needed for a good quarter it may not be a good time for banks. although

the ceo of xilinx is coming across to run amd.as synergies where you can think about new products, that is 325 years away. it is a ways away if you talk about disruptions, but it does diversify them and gives them a leading position in all of the leading architectures. taylor: when you think about ships going forward, what is the big story? is it a push to data centers, automotive? stacy: i think is more than that. there was a period of time, especially following the financial crisis, where even myself included, were thinking about the semi industry as potentially ex-growth. it was flat for a couple of years once things normalize from the financial crisis. that no longer seems to be the case. certainly it has its ups and downs, but the industry is still potentially a growth industry, and in the middle of the pandemic, is starting to show the importance of semiconductors to human society. new,ve a number of potential strong demand drivers, whether artificial intelligence iot, theseon, 5g, are applications that can drive growth. --

here's a look at the stocks leading the way week to date xilinx at the top.a deal with xilinx, reported in the "wall street journal" today, could happen as early as next week that stock is up by tt tn beerha 20%. "squawk box" will be right back. >>> welcome back to "squawk box" this morning, we just got the latest numbers on covid related bailout plans, and i want to get stra straight to diana olick. >> reporter: the number of bo mortgages dropped by 3 million for the first time since april because the first wave of forbearance plans hit the end of their six-month term active forbearances dropped by 18% according to black nooirknit the first wave of forbearances hit the three-month mark back in july adds of october 6th, 2.897 million homeowners remain in forbearance that is down from 6.8% in the previous week. these plans allow borrowers to delay their monthly payments for at least 30 days and up to a year the plans are administered in three-month blocks with the option to renew at the end of each borrowers can wait until the loan is refinanced or the home is

buyingthe company xilinx.md thehis will give ability to -- abigail: the whole day, investors responded well relative to xilinx. the response earlier was much more exuberant. the shares in the premarket, a. in the close, up 8.5%, which is great. you mentioned, they are buying amd buying, xilinx, them in an all stock deal. that is a 23% premium from monday's close. that suggests there could be more chapters ahead. maybe they think another competitor could come in, intel, and offer more. that is a pretty decent premium. really important about this deal beyond the fact that it could help amd strengthen up against intel, it tells you that the ceo of amd feels that the environment is healthy enough to make this kind of a big deal. that is certainly a vote of confidence in terms of the environment. definitely another big move by the ceo of amd. abigail, thank you so much for those updates. for more on the markets, i want to start by taking a closer look at microsoft. again, topping estimates on booming cloud demand.

advanced micro devices buying xilinx, value xilinx at a 20% premium to its last close.he philadelphia semiconductor index, amd is the work. -- amd is the worst. microsoft higher, cloud computing will be a big winner, a lot of optimism embedded in the stock, it is outperforming the rest of the tech sector and the broader market. the nasdaq 100 is the winner of the major indexes. it is outperforming the

xilinx for $35 billion in stocks. ♪ ♪ ♪ you can go your own way

amd agreeing to buy its rival xilinx. more products and better research as it looks to take on industry leader, intel. xilinx closing up 10% on the news while amd is up 5% on the year. harley davidson aiming to remain in india, it will do so by selling bikes. the decision comes weeks after harley davidson announced it would pull out of india as wider cutbacks. parts and accessories will be offered through exclusive stores , and a range of motorcycles will be developed under the harley davidson brand. india's biggest phone operator posting a surprise loss, due to intense competition and hindered hopes for an increase in the cost of calls. 22%, and thatp signals a recovery may be near. were increased last year. revenues are expected to lift the share price 5% in mumbai. 300 $77 million in second-half earnings to cover refunds to customers in write-downs for new forware, including funds financial advisors and wrongly imposed fees. [indiscernible] mandarin oriental is in the process of reopening hotels across the globe. prope

with a lower margin, will buy the profitable xilinx. go to first world news, here is ritika gupta. ritika: a big win for president trump and congressional republicans on the eve of the election. the senate confirmed amy coney barrett to be the newest justice on the supreme court. that solidifies a 6-3 conservative majority. barrett may be asked to weigh in on the outcome of a close election. the clinical trial of an eli lilly vaccine won't resume. researchers determined the truck without help already hospitalized patients with advanced cases. itearch is ongoing to see if can help patients earlier in the disease. a labor union is suing president trump over an executive order that makes it easier to fire federal workers involved in policymaking decisions. the national treasury employees union represents 150,000 federal workers. critics say the order is a way for the president to require political loyalty from civil service workers for the trump administration has taken -- civil service workers. china and the u.s. are already at odds. yest

it is reported that amd is looking at xilinx. is this the right one?s is the latest of chip consolidation over the last four or five years. >> it has been a massive land grab i don't want to separate whether the deal makes sense or whether it will happened xilinx has rebuffed overtures in the past they are looking to replicate and overtake a competitor while they are in a compromised situation. it makes sense from that point of view. i have heard -- i realize i am in the minority here and understand the contrarian views particularly when you look at the previous position. but you have seen the land grab, have a competitor in a compromised situation and this is a prime opportunity for them to take advantage of that. through that lens i follow the logic. >> so b.k., this the right deal or is there another one that makes more sense in your mind, hypothetically down the line >> yeah, i am not sure if there is necessarily a better deal in the semideal you will be buying verticals in a sense. in a strategic point of view, the rest of the companies have done

the other day you mentioned xilinx may be brought out.ou give me any idea >> remember what i said? there were talks in the newspapers that amd made xilinx. i didn't think they would sale we had victor on and he had no indication of wanting to sale. it is a good company as it goes lower and if you can get it in the 70s, it is still too high in the 90s. much more ahead including my sit down with v.m. ware and nvidia is now a time to consider the stock? what policies are missing when it comes to a potential stimulus deal and tonight's edition of lightning round. so stay with cramer. before we talk about tax-smart investing, what's new? -well, audrey's expecting... -twins! grandparents! we want to put money aside for them, so...change in plans. alright, let's see what we can adjust. ♪ we'd be closer to the twins. change in plans. okay. mom, are you painting again? you could sell these. lemme guess, change in plans? at fidelity, a change in plans is always part of the plan. at morgan stanley, a global collective of thought leaders offers inves

these were guys selling amd and buying xilinx. others don't want to wait a year and a half for the deal to close. so many others doubted su's leadership, her decision making. if i learned anything of the last six years doubting her leadership is a big mistake. you need to buy right now. she's not the only one i want to demonstrate that we have to think about ceos and leaders as transcenders of the front page let's take carly davidson. business being run by dinosaurs and old management for their old customer base then comes in jozn, she'she's a german, bringn younger people changed the nature of the business and culture although he would say rewire which is their term. we were not sure at first. harley davids harley-davidson did seem broken but today we learned that they are working. i would not be surprised that if this is not the first of many. how about kevin conroy, someone we champion for years, you know what he did today? he bought the biopsy business and he did it for $2.15 billion. it is a holy grail of this age of medicine

xilinx is up 7.6%. here's the deal. the deal values xilinx at $143 per share based on certain technical metrics. right now, it isn't even there. it's at $123.31, which is certainly good for amd because you don't expect to have some other white knight or somebody else come in to try to bid for xilinx but that price of $143 is a higher one than what analysts were expecting or thought would be commanded. the merger's the latest in what has been major consolidation within the semiconductor industry. >>> let's check dow components right now. merck beat third quarter profit and revenue estimates but says the pandemic will impact full year revenue negatively. merck is down just about half a percent. caterpillar taking a bit of a bigger hit, down 3.6%. sales fell for caterpillar as demand for heavy machinery dropped. then to 3m, down 2.6%. minnesota mining and manufacturing topped wall street estimates on demand for its n95 masks but the company did not give any forecasts for full year 2020. >>> microsoft out with results less

the potential you kneel from xilinx and amd for as little as $5, now anyone can own companies in the, even if their shares cost more. at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. before we talk about tax-s-audrey's expecting... new? -twins! ♪ we'd be closer to the twins. change in plans. at fidelity, a change in plans is always part of the plan. as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected. >>> another massive semiconductor deal is reportedly in the works josh lipton joins us. >> amd is reportedly in talks to buy xilinx in a move to expand the company's product portfolio. the deal could be valued at more than $30 mill

advanced micro devices buying xilinx, value xilinx at a 20% premium to its last close. xilinx is the best performer in the philadelphia semiconductor index, amd is the work. -- amd is the worst. microsoft higher, cloud computing will be a big winner, a lot of optimism embedded in the stock, it is outperforming the rest of the tech sector and the broader market. the nasdaq 100 is the winner of the major indexes. it is outperforming the s&p by the most in two weeks. i mentioned microsoft reporting. you have four big names on thursday, amazon, apple, alphabet and facebook. tech is the sector most likely it is see its earnings hold up. care were theh sectors that posted profits and sales growth. all of that is priced in, which is why value stocks have outperformed in october for second straight month. gina martin adams at bloomberg intelligence says growth companies are beating estimates more widely than value companies , but analysts are upgrading their forecasts more for the value companies and for growth. when value stocks do beat estimates, they outperform the .&p 500 d

a deal between chipmakers amd and xilinx helping boost the sector.keenan joins us with the latest. . let's start with microsoft. cloud computing playing a key role here. su: yeah, booming cloud demand is the story. it has been boosted by the pandemic. first quarter revenue climbed better than expected 12% after hours, we saw the stock trade lowered to about flat after initially jumping 1.5%. sales came in at $37.2 billion for the quarter. that is well above estimates. as mentioned, a significant winning streak of double-digit gains for the company. since the pandemic started, corporate customers have accelerated a shift toward microsoft's internet-based computing services and their online subscriptions for office software that covers everything from teleconferencing to work from home tools. the cloud computing related services sales alone were up 48%. videogame sales also up. note that the xbox sales are going strong, something the ceo says he is delighted about. all the tech analysts who were concerned the pandemic would companies, this latest quart

she's reportedly ready to make a big acquisition bying xilinx for $30 billion. so why make this move? patrick morehan says it expand the the portfolio he says it will become a big player in the fpga market, too these are highly efficient, easily reprogrammable microchips that would help amd push deeper into important end markets, 5g, auto, industrial, data center. m & a is nothing new but it has been heating up. nvidia spent $40 billion just. >> coming up, shares of wendy's hitting an all-time high after jim cramer says it's one of the best opportunities in all of the restaurant space we'll tell you why he thinks that plus, new york city real estate frozen 10,000 unsold apartments in manhattan alone and the worst may be yet to come a special report wn "pheower lunch" returns ♪ ♪ ♪ ♪ "hmm's and ahh's" heard in-call. ♪ >>> the covid-19 shutdown has crushed many areas of the economy, but there are still places to buy. jim cramer is looking at seven areas of opportunity in the market right now >> number one, under the radar bull market last man standing restaurants.

>> i'm sorry i didn't buy xilinx i had it on my watch list and i missed it. that's the nature of this business, in a perpetual state of dissatisfaction always, and i think the m & a activity is important to some of the companies that have -- that you don't have the growth potential on their own and can be much more powerful together so, you know, the lower interest rate comment is absolutely correct and also the fact that these companies are growing the top line exponentially in many cases and so they have the cash and the wherewithal to acquire and add on to their business model so i think that this is a great deal for amd wished i had been on the other side of it, but i'm not. >> i love that the perpetually dissatisfied robert, i'll turn to you you don't have to comment on that but, you know, the three sectors that you call out, consumer discretionary, industrials and materials so you're really betting on the recovery trade, is that right? >> that's right. one of the things with covid it's created a massive cycle in the area some areas that aren't cyclical

is reportedly in talks are in advanced talks to buy rival chip maker xilinx people familiar with the matter told the wall street journal that it could be valued at more than $30000000000.00 and mark the latest big tie up in the rapidly consolidating semiconductor industry neither company actually commented on the news or give a response i am d. stocks have soared to 80.6 percent year to date xilinx shares are up about 9 percent this year silence has struggled ever since the us blacklisted their key customer walk away if past the agreement could be one of the 3 largest deals this year and the semiconductor industry the sources said the companies are discussing a deal that could pass as early as next week. time now for a quick break but stay here because when we come back this year holiday shopping seems to be starting even earlier but what will it look like i'm in the car one of them again back in terms of sales as we go to break here the numbers up of. the so. american citizens need to blast off. and attack the other. guy and. i would vote for a republican i would vote for anyone who

and xilinx that's just the latest in a flurry of mergers and acquisitions in the chips industry why is that happening is it really just increased tech demand from the pandemic. well one reason is actually the rising stock prices specially for some of those search check names like. the stock increased by about 80 percent so far this year and that means that's the reason why they're even capable of paying $35000000000.00 usually most of that will be paid in shares and that a.m.d. stock is on fire also it depends on intel because the arch rival is having some huge problems it was a new chip generation and that actually played into the cards of a.m.d. so a huge merger and now we have to say if the way to see if regulators are actually waiving this mess of deals. or how much more of the competition among chip makers is going to heat up now a busy earnings week has of course kicked off on wall street with microsoft in one of the 1st to post its results what can you tell us. yeah and those take a turning these are crucial microsoft google amazon apple and facebook all reporting this week and

we've got this deal that amd is acquiring xilinx. this is a $35 billion deal.s is going to spark other deals as well within the semiconductor business now that we see these companies getting together, james. james: yeah, it's an industry question and as you've noted, there's also a strategic issue. amd obviously has gone to a lot of foreign manufacturing including in taiwan and that may be a question about how we protect taiwan and its importance and whether we want to move manufacturing back here. maria: yeah. very good point. all right. we'll take a break. we have more on the word on wall street on the other side of this break. stay with us. yeah, they help us with achievable steps along the way... ...so we can spend a bit now, knowing we're prepared for the future. surprise! we renovated the guest room, so you can live with us. oooh, well... i'm good at my condo. oh. i love her condo. nana throws the best parties. well planned, well invested, well protected. voya. be confident to and through retirement. understanding how to talk to your doctor about treatmen

taking out 5000 employees at xilinx. the intel that we knew tenant 20 ibm, ago, may be akin to is a changed company. jonathan: let's get to the data coming out in the united states. lisa: we could keep talking about valentine's day, or go with amd. just to fill out this concept of two different companies within the same industry, we will get a 30,000 foot view of business investment at 8:30 a.m. capital investment is a sign of , and by many accounts, it has been coming down. 1:00 p.m., u.s. auctions. there are a series of record-breaking treasury auctions this week. the question is, at what point does the incredible supply overwhelm the demand? so far, no sign of that. aftermarket, we are getting earnings from microsoft, trying to get a sense of whether they even matter or whether the big tech names set to report thursday, amazon, alphabet, apple, whether they will have to deliver or whether it is completely an interest rate play. jonathan: the earnings a little bit later from microsoft, and then on thursday, we are goin

. >>> xilinx surging after the "wall street journal" reported the wireless and data center chip maker is in advanced talks to be acquired by advanced microdevices. look at it up 4.6%. this deal could be worth $30 billion or more. it's actually a deal that's being compared to intel's purchase of xilinx rival altera in 2015 which analysts say did not really result in an uptick in business. that's why possibly amd is down. separately, intel rival gaming and graphic chip maker nvidia announced plans to acquire softbank subsidiary arm holdings last month so there's been a lot of consolidation in this area. intel down 1.3%. nvidia down 1% today. but interesting to see that sector with all the moves at the moment. >>> a little jet fuel for mortgage firm rocket companies. jpmorgan raised the stock to overweight from neutral and announced a price target of $28.50 a share. we are at $22.90 right now for a gain of about .75% right now. since its stock market debut, rocket, the parent of rocket mortgages, is up 7%. we thought okay, that one's looking good. let's check out some other stocks that r

one of the reasons there is a rumor of a takeover one of the main players i company called xilinx, thisld be a 30 billion-dollar deal, with the stock market at these levels, we will see a lot more consolidation, are there more individual semi conductor names and names of technology anywhere else because we will start coming into work every morning and hear more blockbuster deals. >> i think so, xilinx nor amd are small company, but you will see more consolidation but i think to that point, probably because it's lagged so much of small indexes down a couple percent. that is probably where the majority will be done, there is one atf out there access mo, that is the momentum small-cap etf that is up about 9% year-to-date, there is good momentum going on on that etf and you start to see some names get picked, one is in their crocs that is doing pretty good they signed a deal with the beeves, that is something you gotta look at. charles: crocs is doing well, russell 2000, small-cap name of 8% crushing everyone else, we've got 30 seconds, heather, you think gold is a good head chair. >> i thi

i don't think lisa su will try to bankrupt her company buying xilinx. >> a lot of takeover stock tradersing, what they know something? they know something? lisa su -- >> do you know something. >> i know that i was told that there is -- that when i -- if there is something, i'll hear about it when everybody else hears about it. >> you're just surmising that i xilinx is too dispenexpensive. >> i know someone that doesn't want to do a hostile takeover and ruin the stock they will behind the scenes, a price fix, and buy western digital. >> now you're alleging there is going to be behind the scenes price fixing once the south koreans own it? is that what you just said >> i don't know. >> carl, he doesn't know now >> look, you have an oligopoly that is tightening and you see better pricing in an oligopoly. i'm going to be realistic and tell you when d ram companies merged, prices got better. i think flash prices have been in a spiral down, hence western digital having to cancel the dividend and being able to do nothing in a horrible stock down 35% and i would buy western digital in this, thoug

xilinx stock is rallying lisa su spoke the cnbc about the deal. >> what xilinx brings is additive toit is immediately akietive upon closing. it brings significant market expansion as well as profitability and free cash flow generation more importantly than that we believe that together we are define the fit of high performance computing. >> mike, lots of charts of lisa su's share price performance since she took over. extraordinary, up 2,000-plus percent since 2014 this deal comes after a good strong run in the broad chip sectors. are there fears out there today that you might be marking the top of the market for some of the tech names as opposed to a sign of a lot of growth to come with all the m&a we are seeing. >> the m&a is the sort of thing you see far along in one of these moves. i think they have been a big support for the bull case we are seeing right thousand. they remain that but now 6% off the highs in terms of the semisector in general. looking like it might have friction up at these levels. it issing? to keep in mind. the market has tended the like acquisitions like this

stocks have soared 88.6 percent year to date xilinx shares are up about 9 percent this year silence has struggled ever since the us blacklisted their key customer walk away if past the agreement could be one of the 3 largest deals this year and the semiconductor industry the sources said the companies are discussing a deal that could pass as early as next week. time now for a quick break but stay here because when we come back this year holiday shopping seems to be starting even earlier but what will it look like i'm in the car and over time the american factor in terms of sales as we go to break your the numbers up of. the so i. it's wrong with us as american citizen today to blast off by. an attack on the other. guy and i think. i would vote for a republican over trump i would vote for anyone who is not you and has half a brain defeat don't try. to feel like. my 2nd wife. she can handle it. she and i divorce because our trouble is elected president and i for good for her and she can't stand for. that when the most important election. in our history list of the months to go before the

, chinese chipmaker, the deal worth $40 billion, xilinx is up, amd down 2%, apple going to extend freepple tv plus to fibroid next year, apple 116 this morning. now we got hurricane delta, the cat 3 storm, janice dean is with us, when does it make landfall? >> later on this afternoon, probably around 4:00 p.m. - 5:0a little earlier central time but regardless, it's going to affect areas that have been hit hard by several storm systems, more importantly laura six weeks ago, there was a category 4 storm and homes still have tarps on them from the damage from hurricane laura. this is why am concerned, major hurricane, 120 mile-per-hour sustained winds with higher gusts already seen heavy rainfall not on the coast for louisiana but also texas and spreading in towards mississippi and alabama. some of the wing guest for many hours have been at least tropical storm forced, some of the areas like lake charles, cam ranh, beaumont, galveston once again getting hit hard by another tropical system, here's the latest category three we are expecting it to weaken a little bit as it comes closer to la

stocks have soared 88.6 percent year to date xilinx shares are up about 9 percent this year silence has struggled ever since the us blacklisted their key customer walk away if past the agreement could be one of the 3 largest deals this year and the semiconductor industry the sources said the companies are discussing a deal that could pass as early as next week. time now for a quick break but stay here because when we come back this year holiday shopping seems to be starting even earlier but what will it look like i'm in the end of our time there make an american from the sales as we go to break your the numbers of the. it's. it's an amazing country with so many friends in russia and i'm very excited to be here. i love that idea i think i can do that. every night i make a lot of money with a good name with millions and hundreds of me. he has a nice was. a great wall and nobody feels a lot better than me believe me and i'll build a very inexpensive like a great great wall. 'd and just in case you're worried about who's going to pay for it mexico will pay for . it we'll see what happens wh

stocks have soared 88.6 percent year to date xilinx shares are up about 9 percent this year silence has struggled ever since the us blacklisted their key customer walk away if past the agreement could be one of the 3 largest deals this year and the semiconductor industry the sources said the companies are discussing a deal that could pass as early as next week. time now for a quick break but stay here because when we come back this year holiday shopping seems to be starting even earlier but what will it look like i'm in the end of our time the american factor in terms of sales as we go to break your the numbers of the. posts. the. same wrong. to shape our. common ground. as the u.s. economy was booming growing numbers of people were made homeless. you can work 40 hours 'd in a week and still not have enough to get housing everybody believes america still has the lead up to the reality of those who were not financially quality and the lack of affordable housing for a living minimum wage gave many people new choice. that's been a problem with the city knows turn limits on told me stay awa

big stories on , one that is near and dear to your heart as far as technology, there is a potential xilinxnd amd. the thought here is this will on intel.ake the interesting thing about this stock, yes, it had a record high. if we go into the bloomberg terminal, the index is a bit overheated on a weekly basis. if you have the stocks over the last -- we have the stocks over years incouple of pretty reliable trenching between buyers and sellers. any time geared -- and it got here the top, it went back down. bottomicators on the mean the stock is the most overbought than it has ever been. investors are a little bit ahead of themselves. we will see you as we go -- we will see as we go into the end of the year. always on top of it. thank you as always, abigail doolittle. big tech rallying on signs that president trump says maybe a stimulus package is on the horizon. but the threat of antitrust has not gone away. joining us now is a senior analyst. from a broad perspective, as you think about antitrust, is this fears of tomorrow, or are stocks because this could be a decades long fight and they c

is ined micro devices talks to buy xilinx. deal could come as early as next week, a commendation of amd -- the london stock exchange group has agreed to lx -- the teliana to price more than $5.1 billion. it needs e.u. approval for is $27 million purchase of rsa itded by adding boorse teliana. francine: this is what the markets are doing. the focus on the extra stimulus that could come from the u.s., but they are also looking at a number of infections of covid-19 rising in europe. european bonds rising, italy's 10 year yield falling to a record low in treasury -- and treasuries gaining, the dollar retreating. tom: an important interview with the leadership of armenia. the turkish lira, 7.90 three today. it has been an ugly week for turkish lira. please stay with us. on bloomberg markets today, the close. esther minard of guggenheim. -- mr. minard of guggenheim. good morning. ♪ president trump: i think i'm going to do a rally on saturday night, if we have enough time to put it together. but we want to do a rally with florida on

advanced micro bought xilinx here is the question was that another blow to intel who had struggle in the data business >> i don't think the data center business for intel is mortally wounded. i think the bigger questions are outsourcing questions. i think it's truly on the manufacturing side that i think intel is challenged. i think the core business and data center business is doing fine this deal is about amd -- yes, they talk about the synergies, the complementaries. it is also about spending $35 billion in an all cash deal for a stock that is up 65% since july this deal makes ton of sense if you are amd. that's what i think. but intel has to fix their own problems >> grasso? >> obviously if amd's numbers are better and intel is weak, they are stealing business intel has been plagued with their line would i rush in? probably not because you know where i stand on macko base. -- macro base. >>> amd might have had a problem getting to things. intel is not there as well either i think to add this up, if i, on a macrolevel, have a problem buying tech, but on a granular level i would ra

shareholders will get 1.7 amd shares they hold of xilinx.rocess of reopening at hotels across the globe with some locations seeing business return to levels not seen in months. at the height of the pandemic, three quarters of the properties were shot -- were shut. after a really tough second reopeninge went from many of our hotels in the third quarter. honest,o be particularly in europe and the americas, the resurgence of the pandemic is meaning that progress towards rebuilding is slow. i think in asia we are seeing some good progress but much less so in europe and north america. >> how many of your hotels are open right now? >> they are all open but two. at the height of the pandemic, we had three quarters of them closed. >> how are you pivoting the business? are you preparing for a day when there will be significant travel again? it is going to be so long before that day comes >>. my focus for the group has been on leisure travel. i believe it is a luxury end of the market. business leisure has been at the heart of luxury travel. i have be

. >> advance micro device is reportedly in advanced talks to buy xilinx in a deal that could be valued$30 billion the deal which could mark the latest tie-up in the semiconductor industry could come together as soon as next week meantime the justice department is appealing a ruling that prevented the u.s. government from halting new downloads of the chinese owned video sharing app tiktok this is as negotiations continue, but key terms of the deal including who will have a majority stake remain in dispute. >>> and three former high ranking disney executives are teaming up with shaquille o'neal and the eldest son of martin luther king jr. to form a new special purpose acquisition company, or spac as they are known, looking to make deals in tech and media along with shaq and king, tom stags will serve as chairperson of the committee kevin mayer who most recently of tiktok is strategic adviser. salil mehta is tapped as chief financial officer. and i checked, shaq, is available as a ticker. so that would seem appropriate for the shaq spac. >> how could it -- you got to do it first off, i th

i thought you were going to amd off of xilinx. you're confusing me, jon. jonathan: we will get that later. tom: it is like work here. jonathan: the place he would watch a movie at, tom. tom: when was the last time he went to the movies? they are back almost two pandemic lows of march and april right now. i guess they've come back a little bit. that's all there is to it. jonathan: lisa, you have been following the debt story as well. this has been one of the candidates people have been a little bit worried about in the last month. lisa: frankly, the fact that the shares are up this much in premarket trading on the news that they are just reopening theaters indicates how low the bar is. that's all i can say. jonathan: exceptionally low for this industry. it is tough. of avonp, tina fordham hearst advisory services weighing in on the selection. we might have a result on november 4. it might be an issue for this market because maybe we won't. tom: it could go on as long as brexit. jonathan: what, four and a half years? tom: yeah. [laughter] jonathan: i hope no

one of the reasons why amd is building rival xilinx for $30 billion. the company makes chips that power just about everything we use every day from laptops to video conferencing and video games. >>> amazon adding up its bulk force, adding 100,000 workers for the holiday season the economy is expected to increase 35% from november to january. amazon is now the country's second largest private employer behind walmart >>> on wall street the dow down 222. caterpillar and boeing headed to a slide on concerns of rising covid-19 cases s&p up 10 but nasdaq up 72 with tech rises on the board. a huge win off the field for an nfl coach on this cnbc trip coast to coast >>> virginia a big victory for this nfl head coach. that sound marking the end of ron rivera's cancer treatment. seven weeks of chemo all without missing a single game, coaching the washington football team on the sidelines. coach rivera getting his own cheering squad while leaving the hospital. >>> rhode island guy daniels owned a lot of chickens >> come on, girls. they love me >> reporte >> he sol

advanced micro devices is in talks to buy xilinx. deal could come together as early as next week. xilinxnation of amd and could break intel's stranglehold on the market for data center components. shares of water utilities fell today according to reuters. a fridge court has ruled in favor of trade unions looking to block the sale -- a french court has ruled in favor of trade unions looking to block the sale of suez falls. most american choppers say they this holiday malls season. just 45% of consumers plan to go to the mall in november and december, down from 64% a year ago. it is just another blow to malls already reeling from the pandemic. that is your latest business flash. guy: thank you very much, ritika. touch. down a other european markets up by around 0.6%, 0.7%. nancy pelosi indicating that she hopes to have a stimulus agreement soon. the ping-pong continues. the european close is next. this is bloomberg. ♪ so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce b

known as the 2 plus 4 talks and to keep a united germany within the western military alliance nato xilinx paper reads we want them in our tent not in one of their own working with the germans right now gorbachev needs to show he has some control over the process 2 plus 4 gives him that cover with little real control. one would know this would be hard for the soviets and when the soviets would push back you needed to respond with a united front. the u.s. government was very firm about its stipulation. of this the board came with a demand that the united germany must be a member of nato and that was a stumbling block that we weren't expecting and we do business feel the. question was how when the soviet union react how could anyone convince corporate chef to agree to the stipulation of the united states. had an idea. we've agreed that there would be no intention to expand the need to jurisdiction eastwards that doesn't just apply to east germany it applies in general. but so that's good. while standing next to the u.s. secretary of state can sure announce that the west would respect the str

xilinx getting acquired by amd, and now it's down 3.33%. you're thinking nuts, i missed it, at least you are seeing it cheaper than it was yesterday. teddy, you have seen many a session like this through your career as a long-time trader on the floor of the new york stock exchange. tell me what you're thinking about the fact not just that we are seeing a selloff at this hour with the dow considerably lower by more than 800 points at the moment, but when you pair it with monday and tuesday, we are now starting to see some real weakness as far as that aggregate of those three days. >> exactly. we have all the cliches to wrap around these markets, liz. the uncertainty clearly breeds volatility and markets just simply cannot deal with uncertainty. i think your previous guests have made a very interesting observation. when wall street has a fire sale, nobody comes because they're scared to death. you know, we all hear about all the folks on the sidelines with a lot of cash. what we have been doing for two or three days is actually adding up all

you do the arm nvidia, $30 billion for xilinx, amd, now we got 10, now 8 billion.avid, my travel trust fund owns marvell it is accretive, it gives you a break. sport. >> you sported me too. sport. sunshine >> chief is my favorite. why don't we go -- you know what we ought to do, segue into something else, kernconcern col. yum brands, helped by a rise in online orders and taco bell chains i got to tell you, it is not easy to make money the restaurant business when restaurants are closed joining us now first on cnbc, yum brands ceo david gibbs i don't know, you took this job, did you expect the fact that you're not supposed to have any people inside your stores? >> this is not the way i expected my first year to go, jim. but good morning, thank you for having me. >> i am kind of amazed that some of these businesses, taco bell, let's just call it on fire to the point where you would think that there is no pandemic. how is that possible >> well, it certainly looks that way at the top line. but beneath the surface, there is alot of work going on with the taco bell team