The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
Investors are asking how the world's third-largest defense spender could have left itself so vulnerable and what that means for the future.Politicsread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
A Belgian F-16 fighter jet crashed on a road in western France and one of its pilots is hanging from a high-voltage electricity line after his parachute got caught.Aerospace & Defenseread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
A key worry for some is whether libra competes with sovereign currencies like the dollar.Technologyread more
China's economy has long relied on factors such high levels of investments and an expanding labor force for growth. Those growth drivers are running out of steam.China Economyread more
India could benefit from the fallout in the U.S.-China trade war, experts told CNBC — but much-needed reforms on land and labor could prove to be a challenge for companies...Asia Economyread more
New crash tests show the Tesla Model 3 and the Audi e-tron, are among the safest models out on the road. The results bolster the theory electric vehicles may be better...Autosread more
U.S. consumers and growth in sectors such as technology have offset declines in other American industries, says Tom Finke, chairman and CEO of investment management firm...US Economyread more
WHEN: Today, Wednesday, September 7th
WHERE: CNBC's "Squawk Box"
Following are excerpts from the unofficial transcript of a CNBC EXCLUSIVE interview with Dell Technologies CEO Michael Dell on CNBC's "Squawk Box" (M-F, 6AM-9AM ET) today, Wednesday, September 7th. Following are links to the video on CNBC.com: http://video.cnbc.com/gallery/?video=3000549106, http://video.cnbc.com/gallery/?video=3000549107, http://video.cnbc.com/gallery/?video=3000549110 and http://video.cnbc.com/gallery/?video=3000549111.
All references must be sourced to CNBC.
DELL ON NEW INFRASTRUCTURE
We've all talked about the internet of things and the digital transformation. The cost of making things intelligent is approaching zero. And so, the number of intelligent things is exploding and so there's new infrastructure required and new software, new capabilities required to power that digital future and that's really what our company is going to enable and do it securely, too.
DELL ON CASHFLOW
When you look at the combined cash flows of Dell, EMC, VMWare – well this is a very large transaction you find that we are operating the company with an investment grade approach and the demand for the debt has been extraordinarily high because of the high quality nature of the assets and the strong predictable cash flows, which are certainly very evident in our latest quarter.
DELL ON PUBLIC COMPANIES
We actually have two public companies as part of the group. VMWare, as you know, remains a public company and Secure Works is also a public company. And it's possible in the future that within the group we could have other public companies.
DELL ON INVESTING FOR GROWTH
We're investing for growth. We've invested, in the last three years, $12.37 billion dollars in research and development. We have over 20,000 patents. An unbelievably strong R&D and innovation engine, combined with the broadest go-to-market engine in the world. And again, with this long term focus, we feel confident in the company's future.
DELL ON CHANGE OR DIE BUSINESS
There's no question that the technology industry is characterized by these sort of changes and, you know, companies have to adjust. This is a change or die business and we absolutely know that and, you know, are prepared to change.
DELL ON BEING A POWERHOUSE COMPANY
Rural technology is moving from kind of the back office to where everything, every company – sales, marketing, customer acquisition, new product development, media – all industries are becoming technology industries. And it's not information technology, its business technology. And we've got the powerhouse company to enable all of that across the world.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD, CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 386 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 15 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 7:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms including: CNBC.com; CNBC PRO, the premium, integrated desktop/mobile service that provides live access to CNBC programming, exclusive video content and global market data and analysis; a suite of CNBC mobile products including the CNBC Apps for iOS, Android and Windows devices; and additional products such as the CNBC App for the Apple Watch and Apple TV.
Members of the media can receive more information about CNBC and its programming on the NBCUniversal Media Village Web site at http://www.nbcumv.com/programming/cnbc.
For more information about NBCUniversal, please visit http://www.NBCUniversal.com.