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CNBC Squawk July 3, 2024

Be near. Well give you the latest reporting on that potential deal between the studios and the writers. And the fed is Holding Rates Steady, signaling it will keep rates higher for longer. Deal of the day, cisco agreeing to acquire splunk. Both companies cite what they call complementary capabilities in a. I. And security. Splunks gary steele is going to be part of ciscos executive leadership team, reporting to chair and Ceo Chuck Robbins and both gentlemen are going to join us exclusively at 9 15 this morning in about 15 minutes, jim. I think this is terrific, and i will tell you why. What cisco tried to do for a long time is have a lot of recurring revenue, and splunk is nothing but recurring revenue. Cisco has tried to be a major factor in cybersecurity. We know its incredibly important. Splunk will give them the opportunity. They had a
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