We will get their takes on all the news of the day in just a second. First lets begin with the deal of the day. That is maybe the deal of the year, really. Microsoft buying linkedin. Jon fortt joins us with more. Hey, jon. We spoke to Satya Nadella in the last hour. I asked him specifically about the value that he saw in this deal, what are the crown jewels that linkedin has to offer in this acquisition. Heres what he had to say. These professionals are using office 365 on one side and linkedin on the other side. So thats one massive opportunity for us to increase engagement in both. Think about the other side of linkedin. It is about higher market sell and learn. Thats all business process. Thats a huge opportunity for us to integrate and expand into business processes with dynamics so those are the two sides that are both crown jewels of linkedin, but really, its about putting them together with the crown jewels of microsoft, that is office 365 and our cloud, and thats whats sort of
About 18 times because earnings are slowing and thats a premium valuation that we get when earnings are moving higher and its expanding. You can go back down. You can go back down to 1850 but you have issues coming up. One of them is the dollar to be strong and everybody is going to focus on the brexit which is a june vote but the news will pick up and then of course president ial election. You tend to look at the economic numbers that were not great. Thats good because i dont think that the fed goes you dont know what to believe when it comes to the fed because what some have called a dove fest of last week and then now this week you get some of the seemingly more dovish people talking like hawks. Well and its confusing to the marketplace and its the reason that were correcting right now and its a healthy correction. I dont think its being met with much volatility in the marketplace and looking forward over the next couple of weeks the economic numbers are going to be important. Ism m
Obviously was supposed to stem the shenanigans and the fact that the Justice Department felt compelled at this point and time while everybody is hoping this iran agreement is going to hopefully lift the relationship between iran and the United States forward. And for the United States to improve anymore in their new future. Looking at the Bigger Picture here, i seem to remember the atta attack and it seems to be happening on a global basis back and forth. Does this fit into the overall narrative . Is this the attack and counter attack flow of things or is there Something Different here . This is the beginning of what essential sly the new generatio. Just launched a major attack against south koreas banks. The russians have been engaged in cyber warfare in the last few months against ukraine as well as literally took down the entire internet, structure, last year. The israelis are trying to do what they can to attack the internet sites that Irans Nuclear program had. So this is now this
Air . Because the market is marching back to the alltime highs . Well, i thought that, and a fum ber of the investors that i spoke to noticed that the link between correlation of crude and the markets is starting to dissipate somewhat, and apparently that not the case today, and the reason that it is dissipating is that as crude consolidates and the big volatile moves go away that the algo guys are saying, i have to find Something Else to wreak havoc with. But i am surprised that it is trading positive and it is counter intuitive with the kuwaitis coming back on after three days off, and people are kcome fortable with having foun the downside and so it is up. And doc, it is inevitable that the market wants to try to retest the old alltime highs. And certainly pushing it. And slow and steady march there. And pushing, judge. A lot of people sold as soon as we get close to it, it is going be another batch of selling, and the question is, how quickly do the people have to cover . If it rev
Becoming part of the washington machine. Thats not who i am. Brad the 52yearold firstterm senator is headed to New Hampshire today followed by key early states like iowa, south carolina, and nevada. Senator ted cruz is also declared for the race. Fedex is purchasing tnt for 8. 8 billion in cash. The same amount of money they hinted at in 2012 before regulators said they would kill the deal. The fedex ceo said he is confident that it will win approval. If you look at our situation in europe and tnts there, it is highly complementary. Marketshare numbers would appear to be problematic as they were in the case of the previous transaction. Of a stronger dollar is helping, ups going to be spending more than what fedex will pay. A deal in the Data Software business. Going private, a private equity firm connecting to the investment bird dashboard are buying the company for 4. 3 billion in larvae it largest leveraged buyout in years. Elliott management pushed for the sale earlier this year. Th