well, we are looking at xerox stock, i believe last checked was slightly up, let me quick it check it here, xrx, it is moving about 3 and 3 quarters but hewlett-packard that's really getting the big move here. early investors in the ride-hailing firm are exiting at a fast clip. uber's lockup period expiredded at the open today, what does that mean? shareholders who got in early could finally sell their shares, well, they pounded the price down to a record low, right now we are slightly above that at 26.94, the stock is still down about 4%. we can flip over to rival lyft, moving higher by 4%, interesting. all right, driving on, let's get to breaking news on tesla, breaking in about last 14 minutes, s&p says that tesla has revised its outlook to positive from negative on tesla and the excuses that they are saying, there's an increase likelihood that tesla's credit metrics will improve more than s&p's original base, not bad, now stock is at a roller coaster ride today, tesla up 2 and a half percent, before that s&p s&p announcing, the stock was up 1%, before that it was a lot lower, so w

xerox failed to buy hewlett packard. they said xerox acquisition offer devalued their computer pane. they offered $22 per share but hope of a merger hasn't been completely squashed. the board says they are open to continuing discusses. >> there is a new bike land on the bridge. the path stretches from.rich manned to san rafael. dozens turned out for the grand opening over the weekend. there was even a unicyclist that made the four mile trip. the bike lane is part of a four year pilot program. >> there is live music while they are riding their bikes. pretty cool. >>> not looking too good for the start to the week. >> the richmond san rafael bridge, the crash is a fatal crash blocking the three left lanes. this is eastbound 80 right at gillman before the 580 split. that will affect your ride as you work your way out of berkeley, albany into richmond. they shut down the three left lanes for the investigation. there is a lot of debris in the roadway, a lot of glass in lanes. two cars involved in the accident. it has been the

xerox offered 22 dollars per share but that wasn't good enough. hp announced it will slash between 7,000 and 9,000 jobs between 2022. hp is worth $29 billion, which is more than three times the size of xerox. >>> the holidays are just around the corner, and that means plenty of shopping. how to get something for everyone on your list without breaking the bank. we'll show you next. >>> and instead of tracking storms, unfortunately we're tracking another fire weather watch. how long the fire danger will stick around and will we see any rain chances in the forecast when we come right back. it takes a village to raise a child. to build a bridge. to throw a baseball... to throw yourself into the unknown. to lose fear, to create hope. we believe that it takes a village of over 200-thousand dedicated, passionate, driven medical and non-medical professionals to deliver on our belief in total health for all. we are kaiser permanente. thrive. >>> now a creative way to save on turkey with all the trimmings and much more. >> what if we said you could feed ten

. >>> hp says the board a roughly billion dollar take over offer from xerox. the company claims the cash and stock deal undervalues the business. there are also keshes about the new combined company would carry too much dent debt. both hp and xerox faced trouble as demand for printed documents and ink declined. >>> the company we work is preparing to lay off as many as 6,000 employees as early as this week. last week the company reported losses of 1 1/4 billion dollar in the third quarter and inseptember they pulled the initial public offering ahmed investigations into the accounting and business practices. >>> it's 4:43. hey, steve. the waiters beat bengals 17-10 and they are in the playoff picture a special moment for joe mixon who is ball after scoring a touchdown the first quarter. carr threw yards. josh jacobs ran for 112 and later interception sealed the deal for the raiders. >> you have and if you are goin you are going to win you have to lead and the defense has to close. and that's something that we are getting better and better at. think we are looki

xerox have said they've secured informal funding kmicommitments from a major bank. both of these companies have been under a lot of pressure to cut costs. a source close to the situation told "the wall street journal" that the combined synergies from this expected merger, if it does go ahead could lead to cost savings of about $2 billion. a welcomed step for both of those indeed elsewhere, another story we've been talking about for a very long time. after a year in review, the fcc has given approval to t-mobile's acquisition of sprint. this has been a long time in the works. the fcc's republican majority praised thec' deal for its potential to accelerate the spread of high-tech 5g technology. the two democrats on the board were lesscr optimistic with commissioner jeffrey starks saying that the agency's approval defied a staff analysis finding that wireless prices could go up. in terms of what it means for market share, the new entity t-mobile having acquired sprint will be the second largest u.s. carrier. verizon has the l. lion's shar the market with around 40%. t-

dropped for the first time on a quarterly basis since 2015 and one bright spot hp rising 8% on news xerox made an offer to buy the company. josh brown, wealth management. josh, great to see you today. >> what's going on >> s&p and dow basically hugging the flat line right now, taking a breather, i guess you could say, from the record run we saw earlier this week. >> i think you nailed it that's exactly what i see going on indices are stalling out given the run-up, i don't think, should be a huge surprise. rates are higher, which is interesting. lot of the big winners of the year, like iyr, xlu. anything rate sensitive also taking a breather. xlf is falling out, the financials indexing etf got above a 70 rsi for the first time in i can't remember how long that's an overbought index when was the last time we were talking about the banks being overbought you have this confluence of things it's perfectly natural keep in mind the big picture caterpillar, the whole industrials xli, etf, all hit new 52-week highs yesterday. honeywell, new highs these are things that do not happen in the context

carl icahn pushing for a union between xerox and hp saying in addition to his 10% stake in xerox, he also owns 4% stake on hp, which could up the pressure to make a deal. wework reports it lost more than $1 billion in the third quarter alone. expenses out paced revenue growth softbank leader will visit wework's headquarters today. peloton surge following a report the company is planning to launch new fitness gear. a new rowing machine and less expensive treadmill on the docket that is a stock down from its ipo. with unto watch. >>> fed chairman powell will head back to the hill. he told congress while the economy is generally strong, we are living in a new normal of low rates and lower growth what does he mean by that? we have more on the big time day on capitol hill. steve. >> good morning. fed chairman jerome powell's testimony went so well no question the testimony will be in different on day two saying the policy is essentially on hold much the economic out look is favorable. fiscal policy is unsustainable powell also emphasized that that is not on a sustained course >> we'll be

xerox will urge shareholders to call on the hp board to pursue what he calls a compelling opportunity. say aviation regulators they are determined to retain control over the grounded 737 max 8 as boeing prepares to finalize software fixes. even routine approval objects coming off the assembly line will now be done by agency officials. boeing helps the macs will be allowed -- hopes the max will be allowed to return to service by the end of the year. minutes away from the start of equity trading, 10 minutes, in fact. we will take a look at the stocks we are watching at the open, including bat. the tobacco giant cutting its outlook for new product amid a u.s. vaping slowdown. this is bloomberg. ♪ ♪ anna: welcome back to "bloomberg markets: european open." eight minutes to go until the start of the equity trading date. let's get your stocks to watch. annmarie hordern is focusing on cap gemini and its m&a and editions -- ambitions. we are covering bat and dani burger focused on a slew of downgrades across various upgrades. inii will be watching capgem -- altran.elian elliott has slowly

plus, it raises questions about xerox in the printing industry. hp says it is open to exploring a merger, but there are fundamental questions that need to be answered. tope are a look at the global tech stories. chinese consumers are rediscovering their appetite for iphones. bloomberg crunched the numbers and found that apple shipped 10 million iphones in china during september and october. that was a 6% increase from a year earlier. that confirms the iphone 11 is selling more strongly than its predecessor. let's bring in mark gurman, who covers apple for us. demand?driving the the funds do not even have 5g. market: i think this is an upgrade cycle. people coming from the iphone x. last year, the iphone x, 10 asked, and 10 are not big upgrade, or it were too expensive. prices for the 10 as max were very high. now, we are in a year where there was a more significant update. it would make sense that in a year where the improvements were minimal compared to a year like this year where the improvements were more significant. taylor: looks like they wo

writing to the board, xerox wanted to apologize for its aggressive tactics. xerox will urge shareholders to persuade the hp board to "do the right thing." shery: citigroup has been fined by the bank of england for years of inaccurate reporting about its capital and liquidity levels. the regulation authority says between june 2014 and december of last year, three u.k. city units have significant flaws in the system they use to give information to regulators, as well as failing internal governance. paul: swiss bankers facing more pressure. institutional shareholder services is urging investors to vote against'the banks remuneration report. iss says all directors should share accountability. plenty more to come on bloomberg. this is bloomberg. ♪ shery: this is "bloomberg daybreak: asia." the reserve bank of australia has discussed unconventional policy. it says the necessary conditions are some way off. a bond buying program is an option as the cash rate is at a quarter of 1%. the threshold for such stimulus has not been reached yet. his comments come as the r

providep has agreed to xerox with financing. likelypany would need $20 billion in debt to close a deal. commerzbank has downgraded its for your outlook. the german bank is struggling with rock-bottom interest rates and increased competition. it abandoned its goal of increasing revenue this year. francine: thank you. we are getting more headlines. he is the eu commissioner for front -- financial affairs. we heard from him that the european commission had to cut its growth and inflation outlook over trade tensions and policy uncertainty. they are warning the block 's economic resilience won't last forever. let's get back to michael metcalfe of state street. exactly what we heard from pmi. how much of a concern is europe in this global growth scenario? lastel: probably for the nine months or even a year, we have consistently underestimated the impact of external forces on the european economy. tumbled,recasts have we are finally getting there. this may well be the low. if we are finally getting toward the chance of a trade true's a

hp had turned down xerox's offer saying it, quote, significantly undervalues the company. >>> when we come back, president trump holding key talks on the future of federal vaping administration and we'll talk to someone who has an inside glimpse. and pure pain, why these shares are falling off a cliff. later on, casting out a federal reserve independent will be there. a very busy hour "worldwide exchange" will return nivan three years in a ro. the van just talked. sales guy, give 'em the employee price, then gimme your foot. hands-free sliding doors, stow 'n go seats. can your car do this? man, y'all getting a hook up and y'all don't even work here. don't act like i'm not doing y'all a favor. y'all should be singing my praises. pacificaaaaa! with employee pricing, get $4,107 below msrp plus $1,000 bonus cash plus 0% financing for 60 months on the 2020 pacifica limited doprevagen is the number oneild mempharmacist-recommendeding? memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. what are you doing back there, junior

its unsolicited -- xerox's request to open its books. there are concerns about the business and outlook and it says the $22 a share bid undervalued hp. and that is year bloomberg business flash. manus. manus: thank you very much. let's turn our sites back to trade. there is one sticking point in the negotiations between washington and beijing. it's around ip theft. it is a compromise. china said it would raise the penalties on violations of intellectual property rights, lowering the thresholds for criminal punishments. intellectualal property is also under consideration. commentatorsarket at the bloomberg news economy inform in beijing. even though i would be 60-40 that we get phase one done, it is slipping. >> ripping the economy as a part, putting a line down the middle -- >> i am not exactly sure we are in a trade war. we may be having a little skirmish. >> we are confident both countries want to find a resolution, a phase one resolution. >> china has been on a tear up trying to be the nice guy in the negotiations. >> the capability o

intensified in recent weeks. 2 of the original tech sector pioneers a lining up for a merger make a xerox has made an offer to take over a computer imprint to make a hewlett packard at h.p. confirm the companies have held talks about a potential tie up in the past both face difficulties as the demand for printed documents sitting have waned. has canceled hundreds of flights today and tomorrow after cabin crew launched a 2 day strike u.f.o. trade union is demanding higher pay along with better access to regular employment as the sort of workers the alliances the costs of the strike won't affect its annual profit target of 2 to 2400000000 euros. this week marks 30 years since the fall of the berlin wall it paved the way towards german reunification and shapes the economic fortunes of the nation many towns on both sides of the 1400 kilometer border between east and west suffered years of neglect while germany was divided among them was but has felt located in the former west a little was invested there until the curtain came down in 1909 and businesses there have been braced the opportunitie

the street is weighing in on xerox's bid for hp. wells fargo says hp might be worth $25 this year in the xerox deal. the potential purchase would make sense given the potential synergies. for hpand stock option would likely be heavier on cash. those were a look at your top tech calls. while facebook's libra is under scrutiny, the ceo of blockchain company ripple is confident in his outlook on cryptocurrencies. ripple offers payments and settlement services through its token. x rp is currently the world's third-biggest digital acts -- asset after bitcoin. he spoke with haslinda amin and rishaad salamat. >> i'm incredibly pleased to see how much traction people are seeing with, let's solve a real problem with digital assets. historically, there has been a lot of hype in the crypto ecosystem, a lot of experiments. we are able to look at what we are doing with xrp and help banks take advantage of what is possible. >> so many cryptocurrencies out there. you are one of the up front runners. are there too many of you guys? >> actually, i a

xerox can raise about $50 and even with a slightly higher cost of capital, we think potentially that they can swallow the hp deal. when you put them together, you get a printer giant and more importantly, a supplies giant that can tell you up in a long-term sales contract when they sell you a printer. the pc business is a castle generator that augments that business. it is not sexy by any stretch, but potentially slows things down for both companies. ♪ >> saudi aramco got a potential boost in its ipo with news china is at least contemplating buying between $5 million and $10 million of its stock, a big leg and $10 billion of its stock, a big leg up for an ipo that was may troubled because valuations were coming down. >> this is indeed a big boost for saudi arabia if indeed the chinese pickup $10 billion of the aramco ipo. this comes not just as a commercial kind of decision for either party. it is also quite political. china is trying to build inroads into the middle east and saudi arabia is considered a key partner to double up its relations in the middle east. four aramco, asia -

in xerox, didn't you? i knew you had to work in xerox. you did that, didn't you >> nothing to say on xerox and hp, things are quiet right now. >> are they? >> yeah. for a little bit. >> boeing? >> say again. >> boeing. >> disney plus. >> all the names -- >> i had -- my late great editor don force, at the l.a. examiner, i said, i have nothing to write about. he said okay, rockets. >> i'm happy to talk about alibaba. and the enormous listing that will take place in hong kong we talked about it a number of times. they did file. >> did you watch eunice yoon this morning >> no, i didn't. >> they have pro and anti-companies, companies they feel are identified with chinese and the protesters i think this is an interesting deal because this identifies with the government >> yes, it will -- it says has confidence to do an enormous listing on the hong kong exchange despite all the unrest there. >> schools closed today. unimaginable consequences if this goes on. >> this is every day used to be the weekend we have to

. >>> and xerox is doubling down on its efforts to merge with hp and has announced that it will discuss its latest proposal directly with hp shareholders. their chief executive notified hp about the newly hostile offer after hp's board rejected a $33.6 billion proposal earlier this month hp board members insisted at the time that the earlier offer had significantly undervalued the company. activist investor carl icahn holds a stake of more than 10% shares in both companies ended tuesday lower. meanwhile elliott advisers has commented publicly on the bid for altran saying it does not reflect the intrinsic value and insists that the price is too low. elliott has urged the french company shareholders to examine all the details before they accept the offer altran stock is trading up about 0.2% >>> lufthansa is ready to sell its catering operations to a swiss airline catering firm. the german airline says in a statement the sale would allow to focus on its core business as the carrier market grows increasingly competitive they have not disclosed the gnks fchks detai financial details but the

xerox is said to be lining up from citigroup. were told xerox is considering a cash and stock offer that sees room for about $2 billion in annual savings from a possible merger. sources also say no final decision has been made and there is no certainty of a firm offer. have all, and citi declined to comment on speculation about a bid. fell for the september period where the decline of 12% from a year ago, but slightly ahead of forecasts. fitbit had agreed to be bought in a deal that will shore up google's consumer hardware business. the two companies expect the $2 billion transaction to close next year. remainsk's ceo defiant, assuring investors his dealmaking will come good. >> we will make money once the wework's building portfolio is allowed to ripen. how? stop the new building developments and profitability will drastically improve, and we can expect the cost to go down by half or even more. it's that simple. huawei is defining pressure from the u.s. it's founder and ceo expecting smartphone shipments to grow 20% next year. w

the "wall street journal" says xerox wants to buy it. xerox is worth about $8 billion and hp worth about $27 billion. more trouble for facebook. the company says as many as 100 developers had access to your data including pictures and names. facebook used to allow this, but cut outside developers off of ter t after the cambridge analytica scandal. facebook is asking the outside companies to delete the data. >>> this banner was flown objecting to their decision to include breitbart in its trustworthy news section. >>> and an investigation by our sister network cnbc has found problems with the san francisco based company the real real. real real sells or resells brand name fashion and is just opening up its first brick and mortar store. cnbc found not everything that real real sells is authenticated by experts. and employees work under striqu that could lead to fakes being sold. the ceo says that there are absolutely no fakes on that site. this has gotten to be a huge industry, this reselling of things. posh mark is another one. but the fa

not on the call really discuss anything to do with attempts to acquire it the letter yesterday from xerox saying we're going to talk to your shareholders, okay. and try to explain to them why you should be giving us diligence and we're offering to you. they did also go on to talk about capital returns, 75% in terms of at least how their long-term return of capital target and the screening they do to meet that and that continues to be kind of where they're focused in terms of how much they will return, also indicated 5 billion share repurchase authorization. but you see hp, now it is up, actually. >> it is -- it firmed up since the announcement even if, you know, if there was interest in a deal, we're talking about kind of low premium, kind of costs, synergy type story. >> the xerox bid now on the table is 22. 77% of which is cash we talked about the potential inability to go that much higher in terms of the cash stock portion because obviously you already got a mix that would bring hp shareholders 48, 49% of the combined company but the key is this question of the cost synergies xerox wil

. >>> hp says its board has rejected a $33 billion takeover officer from xerox. the board also cited concerns about high debt levels should they combine. hp makes printers and computers. both hp and xerox have faced trouble as it's declined. >>> the company we work is getting ready to lay off thousands of employees. new york times says as many as 6,000 people could lose their jobs. the plan could be announced as early as this week. last week the company reported losses over $1.25. >>> flavors of the original east bay coming up next. we're celebrating native american heritage month. we visit a popup restaurant. >>> we're keeping an eye on dangerous fire conditions. >>> november is native american heritage month. in berkeley, a popular popup restaurant is offering diners more than great food. it features dishes made from indigenous ingredients. the meals are also a learning lesson about the tribe. >> reporter: you wouldn't know it from the outside. but tucked behind a bookstore on busy bangcroft way in berkeley is something very special. >> hello. everybody who is

the board of hp rejecting a takeover offer from xerox. it raised questions about xerox's prospects in the printing industry. chinese customers are discovering their appetite for iphones. bloomberg finding during september and october, iphones increased by 6% in china. that suggests the iphone 11 is selling more strongly than its predecessor. begin in the gilt conversation on the aramco transaction with julian lee. looking at the financial side of the oil industry, you know that what you do in an ipo, and i want to make clear morgan stanley is involved in this transaction. you go ratios. you go compare, baloney. it is about the money raised. aramco will be raising at an alibaba level. how did the greatest oil company in the world get to a cash raise the equivalent to an internet company in china? they have been unable to attract foreign investment in pointtatement to the where they have canceled the proposed roadshows across north america, canceled japan, and london as well. shrunko has shrunk and as the international appetite for a stake

would xerox would like you to believe? or tough to find as hp at least seems to think and -- >> a lot of synergy. >> you got dualing sales people in the same account. you know what that means you can fire a lot of people. >> or as icon said, a lot of these aging companies generate cash longer than you think they will right? it is a slow grind, but -- >> yes, but people still have aol. >> yes >> that's what i come back to. somebody out there is paying 20 bucks a month for aol. >> we bought into the i love lucy thing for a long time les moonves, i don't like lucy look at that stock >> always comes back to cbs. can't get away from it >> cvs is pulling away from cbs. >> let's get to bob pisani good morning, bob. >> good morning, guys. nice move on the upside, record territory. the important thing is all the big cap names moving on the upside tech doing well. semiconductors, having a good day. banks moving up a little bit as well healthcare up here there is retail down, no surprise there given what you heard the guys talking ab

xerox up about $2 a share. when the opening bell rang, uber's stock dropped a bit and it's now down 3 1/2%. part of the reason, it is the first day the company insider can sell their stock since the ipo known as the lockup period, so that usually brings some volatility. downjones up a little bit, 27,502, s&p 500 up slightly, the nasdaq down about a quarter.. >>> and the consumer products safety commission says at least 73 deaths have been blamed on those sleepers. new research shows babies should not sleep at an angle greater than 10 degrees. most incline sleepers are at about 30 degrees. t-mobile and sprint have cleared another herd nel their effort to complete a $26 billion merger. the fck approved the acquisition of sprint, despite the opposition from more than a dozen states, including california. they claim the merger is bad for consumers because it would reduce competition. >>> and ford has unveiled an all electric mustang with a six-speed transmission. take a look. it can turn its 800-volt battery into m

a look at possible deal between xerox and hp coming up. investors waiting on any trade developments, futures searching for direction this morning as dow and nasdaq closed at record high yesterday markets are flat right now, 2020 is in focus, joe biden goes after senator elizabeth warren, why he's calling her an elitist and what it means for heated primary battle. mornings with maria begins right now.

hp has the money to buy xerox. the most important thing is that hp is going from ugly duckling to beautiful swan. in other words, you made a fortune if you believe in hp when you vushouldn't have beliee in hp. now the stock is at 19 and change deal or no deal, hp stock got the groove back. exhibit b, walgreens boots of lions. last week we started hearing rumors the drugstore chain may be a leverage buyout target. come on. this morning bloomberg reported that kkr didn't take them private. the stock surged 5%. now to me this idea seems absurd walgreens has a bloated balance sheet. 16 in debt its been doing poorly versus amazon which is really the front of the store and the death star against walgreens and that used would be the bread and butter. it is declining same-store sales worry me walgreens has been a terrible stock because there is nothing special. not cheaper drugs, not health insurance business like cvs, not terrific merchandising that flies off the shelves. in other words, here's what i think of when i thin

xerox is reportedly considering the takeover of h.p. according to dow jones and may make a cash to stock offer and h.p. has a market value of about $27 billion. the company is more than three times the size of xerox. maysayoshi lionaire son is reporting the first quarterly loss in 14 years. about $6.5 billion. softbank writing down a string of marquee investments and the losses calling into question's son's deal making approach and trying to raise a larger successor to hised 100 billion vision fund. that's a bloomberg business flash. francine and tom? tom: thank you so much. an ordinary story playing out for 2020 or 2022, james diamond of jp morgan wants price discoveryy, jim of bloomberg opinion is truly leading the world debate on what exactly is going on in japan. jim, a basic question, could softbank exist in the united states under united states accounting rules? jim: yeah, it could but would be interesting to see how it does survive. i think the accounting rules could pretty much go either way but would be accounted for differentl

xerox and hp, xerox could be trying to buy hp both of those stocks up big day. >> weird story $8 billion company going after a $27 billion company. it's weird i don't get it i don't get anything in the world lately, though, right? >> it's all kind of crazy. >> it is thank you, don welcome to "the exchange." uber continuing its recent slide as its ipo lockup expires today. slack and peloton both lower by 20%, lyft and smile club down 40%. what happened? uber's ceo had this to say at the "new york times" deal book conference >> there has been a fundamental revaluation of revenue growth and the value of profits and the -- in an increasingly uncertain world, right the world around us, everything going on in politics, the global landscape has fundamentally changed over the past two years and i think the appetite for the unknown and high risk in the public markets, it's gone down and that has consequences. >> joining us now, my panel. i think point to a lot of things and i understand now that the metric has moved from, we're growing, our revenue is growing, now people want profits, but i also

unanimously hp board decided to reject xerox's bid. in? they think it is way too low at $22 a share. it undervalues hp. you're thinking similarities between the two portfolios. the end of that relationship. it could not be. according to hp in the statement, they said we're open to exploring whether there is value to be created for hp shareholders. there is few analysts like credit suisse putting out there, maybe a combination for the company as they continue to restructure, to overcome the loss of revenue. switching gears completely. i want to focus on kylie jenner. why? she makes a lot of money. she has a cosmetics firm that brought in $177 million in revenue this year. thee is selling a huge stake, 51% to coty, the new york based cosmetic firm that owns cover girl as well. they say they are keeping kylie jenner on board as creative agent, creative leader, you don't want to get rid of somebody with 150 million instagram followers. kiley cosmetics going to coty, 51%. melissa: kristina, thank you. connell: working towards a breakthrough. ch

. >>> xerox is proposing a takeover of hp. the wall street journal said the companies are in discussions for a potential $27 billion deal. hp is more than three times the size of xerox. both companies have long histories as competitors in this industry. hewlett packard split into two companies in 2015 with hp incorporated retaining the personal computer and printer products. hewlett packard enterprise sells servers and business services and would not be part of this possible deal. >>> t-mobile and sprint have cleared another hurdle in their efforts to complete a $26 billion merger. the fcc approved the acquisition of sprint despite opposition from more than a dozen states including california. those states claim the merger is bad for consumers because it would reduce competition. >>> the dmv is announcing it improperly released information of 3200 californians. several state and federal agencies including the irs received information they should not have seen. homeland security was given data from 200 including records for imm

. >>> hp says the board is rejecting 33.5 billion dollar take over bid from xerox. the company claims the cash and stock deal under valued the business and there are concerns about the combined company would carry too much debt. hp and xerox faced troubles as demand for printed documents and ingle declined. >>> acourt together "new york times" we work a preparing to lay off 6,000 employees as early as this week. last week, the company reported a quarterly loss of 11/4 billion dollars and in september we work pulled the public offering amid investigations into the company's accounting and business practices. . >>> ford has unveiled the new mustang and it's not like anything i've seen before. mustang is all electric suv. ford says it has up to 300 miles range and it could go 0 to 60 in less than 4 seconds. and the acceleration rate is similar to the gas powered mustang gt500 shelby. entry level will cost 44,000 dollars. ford is taking reservations for delivery late next year. >>> and san francisco largest business convention gets underway this week. more than 170,000

hp's board rejected a $33 billion takeover bid from xerox saying the offer significantly under values the company. they are still willing to meer rmin the fair. >> no more double for dunkin'. a new campaign is alerting customers they will not be allowed to use a foam cup. the coffee and donut chain is phasing them out for paper ones that are more environmentally friendly. that is your cbs money watch report. for more go to cbsmoneywatch.com. at the new york stock exchange, i'm diane king hall. >> a disease that started killing off north bay trees in the 1990s is making an aggressive return. sudden oak death is partly due to the winters we have had in the last couple of years. the numbers are up dramatically. the disease is a fungal path though jen so it loves water and the heavy rains as we experienced out of the drought expects it to double. if homeowners want to protect their trees, it is good idea to reduce the number that need water. bushes and shrubs create a lot of water for the soil. >> >> what a wonderful day it was yesterday. this are warming up again. a if you liked yesterda

if you're anybody else though, some questions because from a business standpoint, combining xerox with hpq's printer business makes sense, but xerox really needs the pc business for its free cash flow they're going to generate close to $4 billion of free cash flow. a lot of that has to do with the negative cash conversion cycle in the personal systems business, but this looks like one of those cases where you go in, slash employees, milk cash out of the business and i'm not sure what the growth component of this deal is going to be. that's question i would have >> faber's interest was on s synergy but we have to watch for developments on that one >> seems like investors are bear hugging this bear hug of a proposed deal. >> market's been patient let's get to the judge >> market's primed for a seven week stock surge or has your money run as far as it can this year it's 12 noon s in the halftime report now i do it's good to have you with us. i don't know what they heard or didn't hear.

hp says it will do what is in the best interest of its shareholders, no comment from xerox. >>> right now we are merging the fog along the coast and warmer temperatures in length. >> basically summed it right up. >> you are done. >> [ laughter ] >> thankfully for job security there is a little more to this. >> thank goodness. it is kind of a unique story, if you're near the coast and bay things have really changed. first of all, let me show you the view, this is from the top of the sales force tower looking west and you'll see not only the beautiful color from sunset, which happened just about 15 minutes ago. hope you're enjoying the time change. and, you can see the tower on here. >>> friends to the bay, that was about it. as far as current number 65 in concord, 62 in santa rosa. we will take a look at a closer view on the high-resolution satellite, you can see with the clouds are, we'll put into futurecast, put that into tomorrow morning that gets us to 4 a.m. starting to fill in over the easily accessible spots on the bay. and up in sonoma county, usually squeeze up there. it doesn

hp has concerns xerox made a takeover offer but it is not ready to say yes. a deal could reshape the printing industry. bloomberg has learned citigroup has agreed to provide xerox with financing. the company would likely need $20 billion of debt to close the deal. the company best known for tv ratings, nielsen, is spinning up its business that tracks consumer preferences. that would create two publicly traded companies. the new company is expected to raise new debt. nielsen expects the spinoff to be complete within a year. four yeare announces operating profits toward the lower end of guidance ranges. the british company expects to take a $1.8 billion charge, the cost of fixing its troubled jet engines. problems have led at least one airliner to temporary ground its boeing 787. that is your bloomberg business flash. alix: time for bottom line. we will dig deeper into three companies worth watching. first i'm looking at the disaster that is expedia. i'm editorial i think, but it is down 14%. one analyst at piper jaffray's say they see "multi-quarter challenges

xerox's take offer -- takeover offer. it has not decided whether to accept the offer. citigroup has agreed to provide financing and it would likely need to take on $20 billion of debt to close the deal. that is your bloomberg business flash. nejra: thank you so much. we are waiting on a rate decision from the bank of england later as fiscal uncertainty swells with a general election around the corner. the bank of england is expected to cut growth and inflation forecasts. bloomberg spoke exclusively to the former governor of the reserve bank of india and asked him about the political landscape in the u.k. and the boe brexit dilemma. banking has become a very political job. it is important the central banker understands where the shore is in which the central bank ship can run adrift. it is best to have somebody who can understand a local political environment. >> given the uncertainty of brexit yet again, how do you see the economy? separation without adequate preparation. it is going to be very problematic. we adapt eventually, but the , which a no deal brexit could be

xerox is ending a 57-year-old joint venture with fujifilm. it is selling 20% of fujifilm to its japanese partner. the partnership was one of the oldest tieups between an american and japanese firm. last year, there was talk xerox and fujifilm would merge, but active us to investors opposed a deal. one of wall street's best known hedge funds reportedly ramping up its push into private equity. according to dow jones, pulsing ---- dow jones, pulsing or dow jones, paul singer's elliott management raised $2 billion. uber shares lower in premarket trading, disappointing with the latest quarterly results, disappointing in bookings and monthly active users. , uber beatingenue and pledging to post a profit. that is your bloomberg business/. alix: thank you so much. still with me is sylvia jablonski of direxion investments. what is your take on this? do you like uber? sylvia: i am sort of lukewarm on uber. i am not commenced they are going to be a preferable company -- a profitable company. we will see, i think. they claim if you strip out interests an

. >>> finally a deal that's not being done, hp rected xerox's takeover bid after turning down its unsolicited merger off last week. hp said they undervalue the company. >>> a new report ss consumers plan to spend about as much as they did last yeaac rding to bank rate, three quarters of adults have to plans to increase spending, 22% plan to spend less. holiday spending is exactly what economists are trying to predict last year, it's not easy. here's steve liesman. >> rorter: will it be a bah humbug or ho, ho, ho holiday shopping season? e consumer looks in good shape to spend but there remains major question. the answer is critical w, a manager capital invest. slowdown in the economy, which is up to the conmer to power growth. and last year wasmong the worst christmases since the financl crisises. despite upbeat numbers going in, they stunned last year reaching zero growth in november and massive 2.3 decline in december. analysts blamed that on a stock market decline and the week before christmas said interest rate hikes and brewing trade war. this year there's record low unemployment, high s

know who will win or lose they are pouring through cash like there's no tomorrow >> carl icahn said xerox how old push with it's plan to buy hp. he thinks the deal between two is a no brainer. hp said they are aware of the investment and want to do what's in the best interest of all shareholders xerox made a bid for hp which is three times its size shares of both companies gaining as investors speculate that icahn's investment in both companies increase a deal happening. >> one of the thing that's been reported in the offer yes you can cut costs but how long could those synergies be and what does it mean in term of jump starting growth >> synergy is key. he said there's synergies to be had. you bring up a good point. as you have an acquirer buying the company three-time its size financing is the tricky thing for this company f for xerox. one thing to get banks to finance it is through those synergies and explain how you see this deal going forward and being more profitable. you're right that's the key part to this deal getting dpoen it go -- done if it goes forward. >> are the synergies t

apparently he was now fast enough, that xerox test. when he was tapped, her there he first reflexive, she was flyfishing at the time, and their first comment was, he's a very good choice but it should of been a woman. and i guess that to me encapsulates this ambivalence that it mattered terribly to her that she was the first woman on the court but she also really wanted to make the claim that it did not matter. so, i'm asking an as your staircase question but i wonder and maybe we can start with you,, jay, what did it mean to her? >> she felt both of those statements were true. from a legal principle she did feel that it is sexist to say that a woman is going to vote differently than a man on a legal issue. she felt strongly and that is what she would always say but i think that she felt that it matter societally, and she thought that it helped the court to have a variety of perspectives. and so, she, i think she really believed both of those things at the same time. it seemed to conflict with one another but i think they were both tru

xerox said it will not apologize for its aggressive tactics in pursuing a merger, despite being fined twice. it will urge shareholders to call on the hp board to pursue what they call a compelling opportunity. governor lael brainard has struck a positive outlook on the us economy, while advocating longer-term changes. speaking in new york, brainerd recommended pursuing a policy inflation flexible averaging. she said "it may be helpful to specify that policy aims achieve time.r she added that given the persistent shortfall of inflation from its target over recent years, it would imply supporting inflation a bit above 2% for some time to compensate for the period of underperformance. she added, well downside risk remains, the fed had taken significant action by lowering interest rates this year. patrick armstrong is still with us. this is an ongoing conversation about changing the framework at the feds. does it make you think perhaps that there is a bias to further cuts that the market has been pricing? patrick: may have been pricing it already. there has been a lot of debate in the fed

well, shares of xerox are rallying in the premarket. the company now exiting its joint venture with fuji film, agreeing to sell the 25% stake in fuji xerox to the japanese partner. this move after investor opposition blocked the planned merger between the two companies. tired of hearin hearing poll mig with your -- politics mixing with her entertainment. seth meyers understands and is doing something about it. he partnered with netflix to give you the viewer the option to skip over trump related jokes in his new stand-up special called lobby baby. it worked like the skip intro feature that netflix offers on many of its shows. that special debuted today on netflix. so if you don't want to hear the trump jokes, you just skip them. maria: what else is he going to talk about, lauren? i mean -- >> that's ridiculous. if people don't like those jokes, why don't you write something that doesn't involve 90% jokes about trump. maria: you've got to come up with a tool to pass it. >> i don't get it. i wouldn't want to watch it for that reason alone

we can speak to sandwiches show he's a professor at the institute of food nutrition and health and xerox what's real and some all thanks for joining us how effective can fade therapy really be is there enough evidence to back this up. and you add up the evidence that's is there definitely from case studies or a lot of them but what we are still missing particularly in western europe are actually randomised clinical trials that prove that if you take a pic this year of a cheap and what are the risks involved. there are some clinical safety studies that have been done with fay just none of which have shown any adverse effects in theory there are a couple of risks we can think of such as features that are in their d.n.a. in code toxic skin sequences or have the ability to move chalk toxic sequences from one organism to another. through d.n.a. sequencing we can actually exclude those features and it's also important to remember that in your daily life when you just drink water you basically ingest around 10 to 100000000 phage particles in every milliliter of water and they do not make you si

he holds an almost 11% stake in xerox and owns 4.2% in hp. that could increase pressure on the printer and personal computer company to strike a deal. that is the bloomberg business flash. iconnice to end with mr. -- icahn. there are many who talk and few that do. glenn hutchins has had legendary success, through the ownership of silverlake and his work in transactions and combinations, to his public work with the fed, the brookings institute. we are thrilled he could join us. the arch theme we see is there is money, money, money out there. everybody is talking about money up to their eyeballs. what are the global ramifications of so much money in finance? glenn: that is a really interesting question. there is a little bit of a paradox at work because money is available because rates are so low. rates are so low because authorities are worried about the economy faltering. it is ironic that some of this availability is a consequence of economic problems. becomes, as a consequence of that excess liquidity, if there is so much return that it is

reiterated a rejection of xerox's bid. and he did emphasize, we have a clear strategy in place that supports what he calls a compelling investment thesis he's focused on creating value for hp shareholders. that remains his company's game plan and strategy. turning quickly to the units here, wilf you saw personal systems that includes the pc business, 10.43 billion. that beats expectations. enrique lawrence saying, listen, he expects demand to be strong for pcs, but limited by capacity of cpus. and intel did say, ship supply remains tight. enrique lawrence telling me, nit that will be tougher in q1 as for that printing bids, 4.98 billion in the quarter that's a touch lighter versus expectations but executives saying they're holding fast as forecast when it comes do printing supplies and that's his company's profit pool they are not planning for supplies revenue to grow in 2020 guys, back to you. >> josh, thank you so much for that any of these companies you want to buy versus the big goliaths that are performing so well >>

xerox to thef fuji partner, for $3 billion. talk xeroxthere was and fujifilm would merge. opposed the deal. see good equity markets we in the messages coming off of a week ago friday, up up we go. up as much as 8 earlier. francine and i want you to know, renminbi jump condition, two standard deviations of strength on the chineseyuan. at the bottom, renminbi through like, the emotional level, a dow 10,000 benchmark. nebraska.n from lots to talk about. he has trotted out a new book, which is basically a statement on a storied life. as well, i am forced at gunpoint. president obama called me last night and said you have to talk about the white sox. i said, i don't think so. we will talk about the chicago cubs. they did something right. they re-signed anthony rizzo! ♪ sometimes your small screen is your big screen. and with the xfinity stream app, which is free with your service, you can take a spin through on demand shows, or stream live tv. download your dvr'd shows and movies on the fly. even record from right where you are. whether you're travelling around the country or