questions or property stories at propertyman@foxnews.com. i'm bob massi. i'll see you next week. [ woman vocalizing ] >> announcer: from fox business headquarters in new york city, the new "wall street week." maria: welcome to "wall street week," the program that analyzes the week that was and positions you for the week ahead. coming up i'll talk with the ceo of oracle, mark hurd. but first i sat down for an exclusive interview with president trump. it was an incredible week in washington. the interview will air sunday morning. then we'll have more on monday on "mornings with maria." here is some of our in depth and extensive conversation.

if they can't get this tax bill done this year, should they forego thanksgiving and christmas? should they be here if they don't have a bill on your desk by thanksgiving? president trump: they should. i don't even like them leaving. i want to get it by the end of the year. but i would be disappointed if it took that long. it could be substantially less than that, depending on what happens when we send it back to the house. people make 200 suggestions as opposed to making no suggestions because it's a great bill. we are adjusting so there is no way the middle class doesn't greatly benefit. every once in a while there is a method under which some people in the middle class won't benefit as much as we want them to benefit. but i think we'll have it sooner rather than later. maria: be sure to tune in sunday

morning for the exclusive interview. again monday morning, 6:00 a.m. eastern. "mornings with maria" on the fox business network. reporter: it was a record week on wall street. the dow industrial average hit 23,000 for the first time. the s & p and nasdaq also hitting new highs this week. the third quarter was not kind to general electric. the new ceo blames restructuring costs and weak performance by its energy units. investors voiced concerns when ge did not specifically commit to paying a dividend. the gop need every before it their 52-seat majority to pass

the budget. kentucky's rand paul the one republican holdout. democrats fear it will open the door for a tax plan and raise taxes on the middle class. president trump met with janet yellen to talk with her about a possible second term. her term expiring in february, 2018. stanford economics professor is one of the candidates. los angeles police say they are investigating an allegation of sexual assault by an italian actress. so with that, maria, it's back over to you.

maria: the dow jones industrial average hitting 23,000 this week. 76 days after break above 22,000. it's been an incredible market. 30 years since the worst one-day stock market crash october 19, 1997. that's when the dow jones industrials plummeted 23 percent in one day. >> let's start with what's really important tonight. it's just your money, not your life. everybody who really loud a week ago still loves you tonight. that's a heck of a lot more important than the numbers on a brokerage statement. maria: joining me is mark rurks sco. dow 23,000. what does that mean to you?

>> it means we are have much closer to the redo of the 1929 bubble we talked about in january. 24,000 on the dow would be just about the same move that happened in '29 before that fateful time coming into october of that year. we are getting nervous but not panicking yet. maria: do you still want to be putting money into equities? >> we think wants to take some chips off the table. take some of those profits and look for value around the world. we see lots of value in other places around the world. but in the u.s. there are still 0 places to hide. healthcare still looks interesting and areas in tech that have good growth that justify some of the higher

prices. but the index funds look tope here. maria: it's been technology that has been the leadership in this market. the so-called fanning stocks. do you think they are getting tope or do you want to put more money there. >> fangs bite. it's their nature. amazon is trading richly priced. it's like when you had the can't miss stocks like cisco and microsoft. but for the next 10, 15 years it didn't make any money. it was already in the price. you mention cloud computing. edge computing is interesting

it's developing. there are interesting things around. maria: treasury secretary stephen mnuchin said if we don't get tax reform package done we'll see many of these gains disappear. do you agree with that or do you think they will get the tax plan done? >> i don't think much of tax reform actually is in the price. some of it is in the price. but if there is a defeat of the proposal, i think we'll see some sell-off. maybe not a terrific crash. i if i if they pass it there is some more up side. the question of whether they will ago it will be the tougher one. i said at the beginning of the year that everybody was excited about the trifecta. so far we have the no-fecta.

we had no progress on any of the three. maria: don't go anywhere, my interest view with oracle ceo mark hurd is coming up. ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ can i kick it? ♪ yes you can ♪ well i'm gone copdso to breathe better,athe.

i go with anoro. ♪go your own way copd tries to say, "go this way." i say, "i'll go my own way" with anoro. ♪go your own way once-daily anoro contains two medicines called bronchodilators, that work together to significantly improve lung function all day and all night. anoro is not for asthma . it contains a type of medicine that increases risk of death in people with asthma. the risk is unknown in copd. anoro won't replace rescue inhalers for sudden symptoms and should not be used more than once a day. tell your doctor if you have a heart condition, high blood pressure, glaucoma, prostate, bladder, or urinary problems. these may worsen with anoro. call your doctor if you have worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain while taking anoro. ask your doctor about anoro. ♪go your own way get your first prescription free at anoro.com.

by listening to an thiaudiobook on audible.ame and this guy is just trying to get through the day. keeping it together. losing it. upgrade your commute. ride with audible.

maria: oracle is a powerhouse in the silicon valley and the world. it's a leader in the cloud

industry. i sat down with mark hurd about the state of the cloud industry and where he sees orcam going. marmark hurd: what companies spd has been in a little bit of growth. but within it a lot of shift to what you are calling the cloud. there is a lot of drivers and business reasons and technical reasons to do that. so we at oracle has invested a lot in trying to realize that opportunity for our customers. there is an applications piece to the cloud which most of people call sas. and a platform. and then there is an infrastructure part to the cloud. and we invested in all three parts of that. over the past several quarters we have been getting bigger

within meaning our revenue has been growing, and our growth rate has been accelerating. our growth rate has been going up. as we get bigger, we'll probably start to grow slower, just models. but right now we are growing faster than any scale cloud company in the industry it's because of what i said, all the different factors in different parts of the cloud. maria: we have been watching big companies sit on cash. they were unwilling to put that money to work and invest in terms of i.t. and r & d. are you seeing the purse strings get looser? are you seeing your customers want to go spend more? i want to get into autonomous cars and cyber-security. but are you seeing a change in terms of how businesses are

spending? mark hurd: there is always a lot of rigor around particularly how big companies spend money. a lot of scrutiny on what the return is for this project or that prong. i would not say that has changed. i don't mean that to be a negative statement or anything other than there continues to be scrutiny over how people invest. i think in the case of cloud, because it has characteristics of overall lowering total cost of ownership for a company. it tends to be where you see a lot of prongs moving forward. most of companies are trying to move to cloud first. many companies have a lot of applications and capabilities that right now can't move to cloud as fast as others. most of our customer environments are hybrid environments. cloud environments typically get approved more quakily than what we have seen in the past.

maria: you are cutting costs in half compared to amazon. 100% more reliable. how are you cutting costs by coming out with these new innovations and products. >> that's a good question. when you pay for infrastructure by the amount of time you use the infrastructure to get a task done, it would be like having the same fares on a piece of transportation, same rates, if you will. but one can get you there in 2 seconds and the other one can get you there in 5 minutes. while the rates might be the same. will you pay more for the one that can get you there in five minutes instead of two seconds? if you will, the technology is driving the technology. it is a on plus. there is no labor. there is no patching. it is done by our computer

capability. our technical capability. you just eliminate tons of costs and accelerate the task and all those benefits accrue in price, it's a lower price significantly for the customer. maria: don't go anywhere. more my interview are oracle ceo mark hurd. stay with us. >> announcer: mark hurd says oracle's business is booming. but can he say the same for the u.s. economy? [vo] when it comes to investing,

looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock.

maria: oracle ceo mark hurd in

an exclusive sit-down. mark hurd: i still believe the u.s. is doing okay. i think prongs in the u.s., people are investing in the u.s. i think it attitude is relatively favorable in the u.s. and that's not meant to be a political statement of any type, just my observation of talking to my peers across various industries. i would say europe, it's a bit of the same. which is gdp growth is what it is. in most of of our larger western european markets it's 2% to 4%. in europe it's traditionally been significant spenders on

technology. and it doesn't mean people aren't investing, but they are thoughtful and cautious about the prongs they invested. i think that's one of the reasons why this whole movement the cloud has gained the traction it has it's an opportunity for the customer to change the game in the context of the innovation they can get, the change in the biz model and the opportunity to lower their costs. the fact that we are bringing to market a capability that changes the game means the interest level in shifting from the traditional way of thinking about some of these problems to the new way thinking about these problems is a significant opportunity for us. >> over the years there have been some smaller companies trying to take their market share. companies look for a cheaper way to do things with a smaller startup. where are you in that battle. right now, you continue to see growth at oracle and you are the

leader in this business. by the hasn't been easy. a lot of smaller startups trying to get in there and take your customers. >> the down side of being popular in some of these markets is you attract competitors. if you start with the applications market which is a good size part of our business, our applications business last square just to give an example grew 17%. total. 17%. if you wanted my guess. i would say the market has grown 2 or 3%. so we are taking significant market share across the applications market. there is no shortage of competitors. but we are faring quite well and taking a significant amount of share. our data base business we have been talking about for the past several minutes over the past

four years we have grown on average 5%. the market has grown 3% to 3.5%. there is more data than ever. there is no shortage of data. i would say one thing. the barrier to entry for come pet tores into the cloud business is probably bigger than we have seen traditionally in what you have would think of i.t. you have to be able to deploy the technology. that requires lots of capital and data centers around the world it isn't as easy as it was in the old days to build a product and deploy it in the marketplace. you have the ability to build the intellectual property and the ability to deliver it. so there are some barriers to entry that not everybody would think of as the traditional premise business. it will be able to cross this

chasm into the new world of cloud. maria: as we look at machine learning. if you don't have machine learning, a.i. in your business, you will be left behind. basically every industry is looking for a.i. tools help them grow. >> i would possibl -- i would pu will see a.i. machine learning integrated directly into the applications themselves. when you start to apply it to the various tasks. think about a customer application or into a human resources application. the amount of things. think about something as simple as recruiting in the marketplace. all of us have to recruit and we are out for talents. worth wouldn't it be nice to have a computer syringe how a

candidate a or b likely will faish in their opportunities to participate and succeed in your company. that's laborious work, but now you can get the computer to do that work. applying these capabilities directly into the applications is where the core opportunities and differentiation is. maria: don't go anywhere. more "wall street week" after this. we all depend on trucks. chevy, chevy, chevy trucks. we think it's because chevrolets are the most dependable dependable dependable trucks. built to last a long long time. with durable durability and rugged ruggedness. i like the extra power hauling power maxi power!!! and quality. seems they make them strong extra strong mile after mile after mile. ♪chevrolet!

jardiance is the only type 2 diabetes pill proven to both significantly reduce the chance of dying from a cardiovascular event in adults who have type 2 diabetes and heart disease... ...and lower your a1c. wow. jardiance can cause serious side effects including dehydration. this may cause you to feel dizzy, faint, or lightheaded, or weak upon standing. ketoacidosis is a serious side effect that may be fatal. symptoms include nausea, vomiting, stomach pain, tiredness, and trouble breathing. stop taking jardiance and call your doctor right away if you have symptoms of ketoacidosis or an allergic reaction. symptoms of an allergic reaction include rash, swelling, and difficulty breathing or swallowing. do not take jardiance if you are on dialysis or have severe kidney problems. other side effects are sudden kidney problems, genital yeast infections, increased bad cholesterol, and urinary tract infections, which may be serious. taking jardiance with a sulfonylurea or insulin may cause low blood sugar. tell your doctor about all the medicines you take and if you have any medical conditions. what do you think? i think it's time to think about jardiance. ask your doctor about jardiance.

and get to the heart of what matters. betty called me at she thought it was a fire. it was worse. a sinkhole opened up under our museum. eight priceless corvettes had plunged into it. chubb was there within hours. they helped make sure it was safe. we had everyone we needed to get our museum back up and running, and we opened the next day.

maria: time for a look at some of the big market events in the week ahead that can impact your money. manufacturing and purchasing manager's index, the new home sales report. all on tap in the agenda in the week ahead. some major market movers

reporting squarely earnings. this is the third quarter. we have sprint, caterpillar, mcdonald's and exxon it's also a big week for technology. tesla, alphabet, amazon, intel and microsoft report they are market movers. they are watching those numbers. equifax is release its quarterly report. coming up next week a special edition of "wall street week." i hope you will join me. we are coming to you from the future investment initiative in saudi arabia. an exclusive global financial and investment forum. all of the tech titans and financial services titans are headed to saudi. don't forget to tune in to "sunday morning futures."

coming up my interview with president trump. that will do it for us tonight on "wall street week." thanks for watching. i'll see you next time. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the show,