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Purchase with money from hp's highly successful printer business. when she met resistance within hp, she pushed through and got the deal anyway but at a terrible price. profits plummeted and even when they started rising again, they lagged behind competitors. hp stock value dropped by half. 30,000 workers were laid off and less than six years after she took control, fiorina was fired. wall street had little faith and on news of the dismissal hp stock jumped up 7%. >> her business record and record as an executive is pretty bad. this was a merger that was not well-executed or orchestrated. she ...

A non-partisan attack. tom foreman has that. >> reporter: when carly fiorina took the top job at the technology giant hp in 1999 she was riding a wave of professional success, fortune magazine called her america's most powerful female executive. >> i led hewlett packard through a very difficult time, the worst technology recession in 25 years. >> good morning, everybody. >> reporter: then launched a single massive deal and she's been playing defense ever since. >> it was a terrible deal and it really led to the destruction of the company. >> reporter: so what was this deal? fiorina wanted hp t...

Pierce did not do well at that time, but when she was faced with the problems with hewlett packard, she decided to go buy another company compaq which was facing bigger problems, which was worse, because they didn't have hp's iconic profitable printer business, and so she wanted to grow and cut costs and turn it to profit, and it did not work, and lot of peoplet ta time hp saying that the merger because mistake and she pushed it through anyway and the one big accomplishment in business was a mistake, and that is one thing that donald trump said, and lots of people make mistakes in running larg...

1%. financial market players betting that the fed won't choose to hike rates tomorrow. i think one thing though we do all agree on is if they don't hike rates tomorrow, then a lot of the uncertainty, a lot of the volatility that we've seen in recent weeks will probably continue until the next meeting in october, the guessing game will continue. >> we'll wait and see what happens. let's turn to one of the biggest names in the tech industry, hp. they announced a huge round of job cuts yesterday. >> absolutely. so this is hewlett-packard now slashing a further 10% of their workforce. they're sayi...