Announcer this is nightly busines report with Tyler Mathisen and sue herera. Foreign affairs. Domestic matters dominated the first weeks of the trump presidency. But in recent days, the markets have turned attention to hotspots and conflict overseas. And today was another day on edge for stocks. An inexplicable valuation. Thats how one ceo describes teslas 51 billion market cap. The bull and the bear case for the electric automaker. And business behind bars. The story of a man whos doing time and turning a profit. Those stories and more tonight on nightly busines report for wednesday, april 12th. And good evening, everyone, im Contessa Brewer in tonight for sue herera. And welcome, everybody, im Tyler Mathisen. We begin with news out washington and there is a lot of it. President trumps domestic agenda dominated the headlines and the market moves. But during the past ten days, International Affairs have taken center stage and investors have had to recalibrate in the face of new challen
Facebook mobile app. The social network is planning a new shopping section. And Fantasy Sports sites track a record weekend with pro football fans despite the controversy. First, to our lead in the biggest tech takeover ever. Dell agreeing to buy emc for 67 billion. To pull it off, dell is adding 50 billion on top of the 11 billion it is carrying. Its amid the hottest product lineup in an ever more competitive environment. For emc, the buyout will hopefully satisfy activist investors looking for growth. As part of the deal, dell will assume a stake in vmware, which will remain a publicly traded company. Joining me now is a partner at greylock capital, who worked there for a decade, and alex sherman, our m a reporter at bloomberg. Lay it all out for us. What is dell trying to accomplish . Alex the idea is, dell is one of several large, Legacy Tech Companies who, in many ways, their best days are behind them and they are trying to figure out what is the next step forward for us. Part one