He was he was krzyzewski before krzyzewski. Sir Alex Ferguson shares his secrets to successful leadership. Indeed. But we do begin with that biggest tech deal of all time with dell buying data storage and security giant emc for 67 billion. The ceos of both companies on cnbc speaking about what this merger means for them and for investors. But this mega deal also raises questions about who is going to be next. I hope youve been doing some digging and you have some answers for us josh lipton in san francisco. Well, mandy, lets walk through first just how this deal will actually work. So dell will pay 33. 15 a share for emc. Thats cash plus tracking stock linked to emcs interest in vmware. Michael dell will lead the combined company as chairman and chief executive. The deal, which needs approval from em c shareholders expected to close next year. The company will be a powerhouse in the data storage industry. Thats a 36 billion market according to idc. Brent braceland, an analyst at Pacifi
If congress does move on relaxing the u. S. Ban on exports of crude oil. Ill keep an eye on that story which the white house says they still prefer their administration to address. We take you live to the nymex for the latest shortly. And fitbit soaring again today on nufz a corporate account with target. We debate whether this stock is more than a fad bill. They order 335,000 fitbits theyre going to hand out to all target employees. Thats a lot. Plus mad money meets closing bell. Jim cramers going to join us today. Hell be live from the dream force conference out there in San Francisco. Hes with the ceo of Western Union coming up shortly here. But in the meantime lets get to the story of the day. Jackie deangelis joins us now from the nymex with this big rally on oil today. Jackie . Reporter good afternoon, guys. Thats right. A near 6 jump in oil prices today. We havent seen a move like this since august 31st. That was one of the days we popped 8. 8 . So these wild swings continue whe
67 billion. We will break down why bigger isnt always better and especially in the tech world. You look back at some of the other tech merge he wishes in the past, i thought of hue let pack err and come back which didnt work out well, that was 18 million and this one is 67 billion and there is a lot of debt involved in that one. Number two in the rankings the evongo come deal. This one does eclipse a lot of these. All your golf eye fish nad dose out to the gary player invitational, talk the business of golf with pros Jason Duffner and natalie golbas one of us is excited about this. Natalie had the great pleasure in the pro a. M. Of playing with dominic chu, i cannot wait to hear her view of doms game. Plus the innovation in the auto sector tnls at pace. A special edition of the spark today with a company that says its product can determine stress and road rage. Are you feeling stressful . See you after the exchange. I cant wait for that. Lets start with oil. Taking a big hit as you saw
Year e had the best week of the year last week. All three major averages are remaining higher even if it is only marginally so in terms of macromedias we did have data sales. The existing home we had a decline for the month that was larger than had been estimated. That is largely because of lean inventory. Not as many houses out there as people want to buy. At the same time however, we have holding permits last week that showed we could see boulders staying busy in the coming months. Existing home sales pulling back a little bit from a high level. Touching a twomonth high. The homebuilders themselves have been doing relatively well doing during the session. It really feels like commodities are what are leading the day. I was talking about it last week that based gold medals continues to be hammered. The longerterm correlation of oil and stock is not necessarily high rate but on an intraday basis but if you see oil reversed during the day, you tended to seek stocks going in a similar di
Thoughtful about, but i benefit massively from our benefit team. You cant do anything alone. That continues to prove out every single every single industry and every single role. I just have the best teams on the planet. Meantime, match group over at the nasdaq today going public. Shares in the green as well. About 13 gain after pricing at the low end of the range. With more on square, lets bring back swrak steinberg and a cnbc contributor. A net positive for the tech community, for the ipo community. Yeah, i think when you see the two ipos in concert, both 3 billion dpz companies, both trading at Single Digits of revenue, this is the new norm. Most companies will now adjust the private rounds. I think the given where these two were at, they both kind of thread the needle and made the best of the situation. Its interesting, though, to hear the anecdote from behind the scenes, how they not the book, what investors were saying, john. Sources were telling me that it was really the mutual