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 super exciting. All right. Jeff weiner and Staya Nadella talking about this blockbuster deal today. I said i did have pete and jon najarian with us. You surprised as news of this broke . Absolutely. I was shocked by it as well. We all thought eventually we would see some sort of deal. I think everybody when they are looking at this figured it would be sales force. It wasnt sales force. Then it turns out to be linkedin. Those two seem to have a great relationship with one another. I think whats really great is when you look at what they are doing and how, financing it with debt, this is an Incredible Opportunity for microsoft to be able to grow and grow themselves in a way, yet be able to finance it at such low levels. Thats the brilliance of this deal. Thats why this massive deal was done. Brilliant stock for microsoft . I do think so. Even though its whatever, eight times rev or whatever, it seems like this is going to really be a moat that microsoft will be able to build around itself. This was obviously one of the biggest deals in tech. I think its a huge deal for Enterprise Software going forward. I think these guys are going to own the space as if we didnt think they owned it anyway. I thought Roger Mcnamee was really interesting, saying that maybe its not going to be all its cracked up to be for microsoft shareholders. There were serious questions about the growth of linkedin. We saw the big dip in the stock earlier in the year in february. Its made a nice uturn, obviously, since then. But there are serious questions. This isnt a slam dunk, is it . I dont know about a slam dunk, but i would say what they have done as far as almost having a monopoly with the people that you really want for this kind of operation, judge, is something that they couldnt get anywhere else but sales force. Nowhere else could they get it. Now you have really got sales force on the one side, microsoft with linkedin on the other, and even though the premium takes it back from where it fell, its still significantly under where it had been on the highs the last, oh, 13 and 14 before it had that big drop the beginning of this year. The high is 258. You look at this deal and say wow, its pretty extreme, 48 some people are saying that stock price then was ridiculous. It probably was. But when you look at where they actually stepped in now, and you are looking at where this is, you can still see Growth Potential out there, its an Addressable Market of 115 i think microsoft sees that million. Opportunity and thats why they want to do it. By the way, i dont think this eliminates sales force. I think that was the interpretation. You saw sales force actually start to dip. You saw microsoft dip. Microsoft bounced off those lows, back up near 50. Meanwhile, look at the way things are trading, sales force, thats not out of the question. You may know our next guest for his views on apple, but guy kawasaki also happens to be a linkedin shareholder. The former apple chief evangelist is here with us today. We will get his views on the Worldwide Developers conference in just a moment. Since youre here, thank you for being here, are you a happy man today . Its good to be a linkedin shareholder. Kind of a loaded question. I think its a very interesting deal. As a professional, you dont exist if youre not in linkedin. They are going to get every professional. And you kind of dont exist if you dont use office. Kind of makes sense. Im so conflicted, im just so happy. Im beside myself. Are you surprised this deal transpired . When i first read it, i thought this is the onion. They are making up a story. Who would have figured this. It came out of nowhere. Its fantastic. Was one of the reasons because weiner was always wanting to be, his independent side, that was one of the things you had thought would be i think its more because if you think about it, you think of microsoft as productivity and operating system and linkedin is not productivity, its not operating system, its kind of tinder for professionals. Its a social Media Service at some level. So what does this have to do with office, what does this have to do with windows. One thing is i pretty much can guarantee there will be a windows 10 version of linkedin now. 27 billion goes a long way. You know, there are questions as we posed already about tint the integration process, how it will work into the various different areas microsoft can incorporate lipnkedin. Those do remain legitimate questions, no . Yeah, this is going to be a very different sort of integration for microsoft. They trying to follow the instagram model, the whats app model to some extent, really pioneered in this age of social and cloud of letting an acquisition operate on its own, not trying to kind of remake it in your own image off the top. Part of the reason for that is microsoft as we mentioned earlier on this air, doesnt have members. It sort of failed at social where linkedin has succeeded. I think they want to learn from them on that score. But they are walking this fine line between trying to integrate the linkedin technology, the business process things they do around recruiting, around online engagement, around online learning, while trying to allow it to continue to operate as a separate entity. That means nadella and weiner have to Work Together really closely, they have to think about how to deploy Engineering Resources across two organizations that are operating separately. It can be done. Facebook has certainly done it on the Revenue Generation side, sort of provided a model in the way that instagram has been able to work with facebook in monetization, for example, and satya clearly has a cloud pedigree. He knows how to operate in this field. But its a challenge. Its the sort of thing microsoft certainly hasnt done at this scale in the past. Yeah. Going to be interesting, no doubt, about that. Jon fortt, thanks to you. Back to what was going to be the lead topic that other company . Exactly. That other Little Company called apple which was a big event in town. What do you expect . I expect to be surprised. We dont know, theres so much talk about a. I. And siri and ios and great new advantages. As an apple user, my fantasy is total revision of the mac book pro. Thinner, better battery, faster chip, quad core everywhere, 13 inch mac book pro that just kicks butt. Thats what i want. Thats all i want. You are leading me to sort of think this event today, most expect will be about software. Maybe services, maybe siri. You are still talking about wanting to see new innovations in hardware. Im a dinosaur. What can i say. I hope they revise the mac book pro line. We are all waiting for that. In a sense, this wwdc has taken the place of january mac world expo. January mac world expo is this apple thing where it all happened. I hope it happens today. Lets face it, its apples world. We just rent time in it. We had this big deal obviously raises other questions as to whether apple needs to do a deal. Think they do . In social media . In anything. Well, thats the current wisdom. They do buy companies. Well, they bought beatz. Im talking about a big, big deal. Do they need to do something . They need to they need to maintain the leadership at least brandingwise as the innovator. And i dont think theres necessarily an acquisition. I think they just have to make kickbutt phones and computers and tablets. Thats what they do. If you build it, they will come and you think they will continue to come . Apple has proven that maybe apple is the only company thats proven that. But apple has proven if you build it, they will come. Thanks for being here. Good to see you in person. Appreciate your views and happy day for you on a couple fronts. I can go buy a car now. Look at this guys watch. You got a nice watch. Thats a beautiful watch. Heres what else is coming up on the Halftime Report. Still ahead, how stressed is Silicon Valley . We will talk to a top pc investor about valuations in the valley. And the unicorn thats getting ready to ipo this month. And the man who is getting against facebook. Why hes shorting the tech giant. Jake reese, day to feel alive jake reese, day to feel alive jake reese, day to feel alive welcome back to the Halftime Report at one market in San Francisco. We are awaiting the fbi director james comey. He is set to speak momentarily in that room you see on the righthand side of your screen on the orlando shooting. We will take you there as soon as we do see the fbi director emerge. We want to touch on the markets while we wait to hear from mr. Comey. Interesting day concerning what happened overseas. You had pretty steep selloff all around the globe. Maybe its on brexit. Maybe its on some sort of terrorism fears as well. Not so much here, although the market has turned a little bit more down. Right. Oil started to turn a little down. It was flat, started to turn a little down. Its important to keep an eye on the volatility index. We talked about how low it was. A little move, now its a big move. We are over 19. It got over the 50 day, the 200 Day Moving Averages, exploded over the 200 Day Moving Average today. It bumped up there, pulled off and now we are seeing a big jump there as well. Gold trading closer and closer to 1300. A lot of Different Things going on right now in the marketplace. I think the volatility index is very important. Clearly. I understated the move. You see it for yourself. Nearly 15 today. Doc, maybe part of its brexit. You have been the lead guy, if you will, on our program on that issue. I still hope that they dont brexit but thats a hope and i dont want to invest on hope. What i thought was that they werent properly pricing in the amount of risk that a brexit could bring even if it doesnt end up happening. The amount of risk, the volatility popping as it is as pete said, popping almost to 20 today. I think you could see more of that into this vote and if it pulls back i will just reload. Pete and i are both long uvxy for the halftime competition and for our clients, because its one of the ways you could hedge against Something Like that. Volatility will be the fastest moving asset class as we get closer to a brexit if the numbers move up. These are interesting days for certain to be an investor in the market. You have these events overseas, you have the brexit, you have data coming out from china. You have this terrible event in orlando and thoughts about the folks there and terrorism on a larger scale. Oh, by the way, you have a deal today and a fed meeting this week. We dont expect much fed action but words can speak louder than actions this week. Exactly what you say about that fed meeting, tomorrow and wednesday, i think that the only thing that really will be addressed there will be how much they were leaning towards the impact of brexit or the and not wanting to influence that vote by something they might do with interest rates, which is what we have said all along and why its basically a zero chance. Talk about interest rates, do you guys just get a look at what we put on the screen, the tenyear . I saw 1. 61 . Thats been pulling back. Its been interesting to see all the different dynamics of the marketplace and all these different headlines that are pushing things around right now. But to your point, i think they were trying, trying, trying, i think we will find out they really were leaning towards maybe rate increases in this meeting. And absolutely thats gone. What is the deal of the day, how does it factor into your thinking of where tech is and where it can go . I think if it werent for the deal, we would be looking at a market here that would be down 1. 8 that most of the european are down today. Nerd, instead of this relatively minor selloff even a big pop in volatility would have been much bigger you think the deal of the day in a sense saved the day . Well, the fact we do have a number of hours to go, obviously. Dont want to jump the gun. But these kind of events play a large role in greater sentiment at times. Right. Because the sentiment was extremely negative because of the orlando shooting and because the brexit numbers were moving up. So you take that without having Something Like this big 27 billion deal and i think what you can get is basically tumbling that the market does occasionally when it makes that 1. 5 , 2 move. I was looking for a move up to 500 points out of the dow not because of the orlando shooting but ahead of brexit. Now we made a couple moves pushing us towards that now. We will take a quick break, step away for just a moment. On the other side, we do expect to hear from the fbi director james comey on the deadliest mass shooting in the history of this country. Real is touching a ray. Amazing is moving like one. Real is making new friends. Amazing is getting this close. Real is an animal rescue. Amazing is over twentyseven thousand of them. There is only one place where real and amazing live. Seaworld. Real. Amazing using 60,000 points from my chase ink card i bought all the fruit. Veggies. And herbs needed to create a popup pickyourown juice bar in the middle of the city, so now everyone knows. We have some of the freshest juice in town. See what the power of points can do for your business. Learn more at chase. Com ink gomery and see what the power of points can do for your business. Abigail higgins had. A tree that bore the most rare and magical fruit. Which provided for their every financial need. And then, in one blinding blink of an eye, their tree had given its last. But with their Raymond James financial advisor, they had prepared for even the unthinkable. And they danced. See what a Raymond James advisor can do for you. Welcome back. We do continue to await fbi director james comey. He is set to speak at that table there in just a matter of moments on the orlando shooting. We will take you there live to washington, d. C. When we do see the fbi director. I do have eamon javers with us live down in orlando. Eamon, there are serious questions that folks want answers to as to how this individual who was apparently watched by the fbi and interviewed on occasion was able to get his hands on the weaponry that he used. Reporter yes, scott, thats one of the questions you would imagine director comey will have to provide answer tos to if not this this briefing, in upcoming days, so many questions about what exactly the fbis interaction was with this killer before he stepped into that Night Club Just down the road from where we are standing and also questions about exactly how many people the fbi is keeping tabs on. One of the problems for Law Enforcement here is that there are so many points of contact, people who reported into the fbi as potentially suspicious, the fbi does due diligence. That is an enormous group of people. Some question now about how many people the fbi is trying to monitor inside this country and what potential threat all of those folks are. At some point the fbi and Law Enforcement have to do some Decision Making, have to decide who to put surveillance resources on and who is simply not a threat. A lot of that Decision Making will be in question now. Director comey will likely have to provide answers to it. Not surprisingly, its already entered the debate of the Political Campaign as well. Reporter yeah. Absolutely. We saw comments from donald trump today, we saw the president of the United States talking, we also saw Hillary Clinton out there. This immediately, like so many events in american political life, forces everybody right back to the corners of the political boxing ring. You see everybody sort of examining the event that happens before, saying aha, this proves what i was saying was right all along, about whether its gun control or islamic terrorism or the need to combat isis overseas or whatever. You see this political reaction in the United States of people very much divided politically deciding this is further evidence that they were right, their political side is right in this argument and it just fuels this intense debate that we have been having throughout this entire president ial season. You can imagine we will be having it right on through to the election in november. We do expect to see the fbi director emerge in a matter of moments now. James comey expected to speak about the deadliest mass shooting in the history of this country. 50 dead, including the shooter along with more than 50 others injured. We have been following the situation wondering perhaps what impact it would have on the market picture today. Seems to be minimal at least to this point. But depending on what the fbi director has to say, certainly could sway that. There remains serious questions as most of you know and perhaps have yourself as to how an individual who was apparently interviewed by the fbi on numerous occasions was able to get his hands on the guns that he used. Here is the fbi director james comey. Good afternoon. Thank you all for being here today. We are here to discuss the justice departm