Closer to the mainland. Wrapping off the iphone 12. It is bigger, pricier, and supports 5g. It could trigger a wave of growth. Lets get a check of the markets. We are seeing u. S. Futures under pressure at the open. This after u. S. Stocks retreated from sixweek highs during the regular session. Prospects for us fiscal for a fiscal stimulus have remained stalled and we have mixed corporate views. The s p 500 lost 0. 06 , nine sectors were down. Financials leading the declines. We had a positive start for Bank Earnings but they went south of her investors took a look at reserve relief and Regulatory Risk. 0. 1aq composite, down percent, apple shares tumbling after the release of those latest iphones. Giving up some of the big gains we saw ahead of the event. Oil is under pressure, but still above the 40 per barrel level. It held onto gains in the new york session. This after data from china showed robust crude imports but we did get an executive director shuttered restart of output may
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
Billi billion. Making it the Largest Technology deal ever. The other deal isnt done quite yet. But anheuserbusch imbev just sweetened its offer for s. A. B. Miller, hoping the higher price can seal the deal, and if it does it would be one of the largest takeovers of all time. So lets start with the tech tieup, which we told you about last week when with was in theworks. It sent shares of emc higher today. Dell is privately held. But is there a big risk to doing a big deal like this one, and which Companies Might be next . Josh lipton has our report tonight. Reporter dell founder and chief executive michael dell will lead the combined company as chairman and chief executive. He says this deal creates an enterprise powerhouse. We started back in about 2002, and for about a decade worked together. At one point the relationship was about a 2 billion annual run rate. And this is really all about bringing fogt together complementary technologies and helping the customers address challenges a
Billion. Making it the Largest Technology deal ever. The other deal isnt done quite yet. But anheuserbusch imbev just sweetened its offer for s. A. B. Miller, hoping the higher price can seal the deal, and if it does it would be one of the largest takeovers of all time. So lets start with the tech tieup, which we told you about last week when with was in theworks. It sent shares of emc higher today. Dell is privately held. But is there a big risk to doing a big deal like this one, and which Companies Might be next . Josh lipton has our report tonight. Reporter dell founder and chief executive michael dell will lead the combined company as chairman and chief executive. He says this deal creates an enterprise powerhouse. We started back in about 2002, and for about a decade worked together. At one point the relationship was about a 2 billion annual run rate. And this is really all about bringing fogt together complementary technologies and helping the customers address challenges and opp
Billi billion. Making it the Largest Technology deal ever. The other deal isnt done quite yet. But anheuserbusch imbev just sweetened its offer for s. A. B. Miller, hoping the higher price can seal the deal, and if it does it would be one of the largest takeovers of all time. So lets start with the tech tieup, which we told you about last week when with was in theworks. It sent shares of emc higher today. Dell is privately held. But is there a big risk to doing a big deal like this one, and which Companies Might be next . Josh lipton has our report tonight. Reporter dell founder and chief executive michael dell will lead the combined company as chairman and chief executive. He says this deal creates an enterprise powerhouse. We started back in about 2002, and for about a decade worked together. At one point the relationship was about a 2 billion annual run rate. And this is really all about bringing fogt together complementary technologies and helping the customers address challenges a