tv Maria Bartiromos Wall Street FOX Business October 27, 2018 5:00am-5:31am EDT
5:00 am
lou: vice president mike pence. that's the president in charlotte, north carolina. we thank you for being with us. we'll wish you a great ♪ ♪ >> from san francisco, this is maria bartiromo's wall street. maria: happy weekend. welcome to the program that analyzes the week that was and helps position you for the week ahead. i'm maria bartiromo, thanks for joining us. it was a big week for technology and earnings. we had earnings from microsoft, amazon, alphabet and texas instruments reporting amidst worries of a slowdown coming in the week ahead. fund manager dan nice laid out -- nice laid out such a she mare owe. >> what you've seen in general with boeing being a pretty big exception is that a lot of companies are guiding much lower. i'll give you an example. texas instruments reported last night, and i think they're one
5:01 am
of the best indicators in terms of global health. they do about $16 billion this revenues, $100 billion in market cap. they missed revenue expectations for the first time since fourth quarter of 2015. so it's been almost three years since they missed the top line. they talked about every major end market slowing down, and they weren't sure when it was going to stop. analysts kept on trying to get them to say, oh, it'll be short, but they're like, we don't know, and this is going to last a while because the upturn was so long. maria: but first, one of silicon valley's biggest giants, he's been called the godfather of technology, the iron man of business, oracle executive chairman larry ellison in in the exclusive interview. so, larry, let me turn to you, you're a statesman in the industry, obviously, you've been around a long time and have watched small companies become big companies, try compete with you. -- try to compete with you. assess industry, what strikes you most about what you've seen
5:02 am
over the last several years? >> sometimes i liken the computer industry to the fashion industry, that certain brands get very, very popular. ibm, when i first came into the industry, was the ultimate brand. it was not a company against whom you would compete, it was an environment in which you would compete. amazon now is kind of the number the one brand in infrastructure cloud computing. let me tell you an interesting fact. amazon does not use aws to run their business. amazon runs their entire business on top of oracle, on top of oracle database. they have been unable to migrate to aws. because it's not good enough. now, i keep saying this, and because they just spent another $50 million with us last year buying still more oracle database. i keep saying this, saying, well, maybe our database is better than amazon's databases? why else would amazon keep buying our database? they last year bravely said they're sick of these comments
5:03 am
of mine, and they're going to move off of oracle by 020. guess what? -- 2020? they just moved a bunch of their warehouses off of oracle, and guess what happened? i'll send you a copy of amazon's internal memo. they went down, it failed, they had a huge out an. and they said if they'd stayed with the oracle database, this wouldn't have happened. the oracle database manages most of the world's data today, ten years ago. nothing has changed. all of world's important, valuable data is in an oracle data a base. amazon won't use its own databases to run its business. so our job, so what have we done wrong, okay? so, okay, if you guys are so great, what have you done wrong? well, we didn't get our database to cloud quickly enough. so if you wanted a cloud database, you had to go to amazon for a database, and then you're able to go to microsoft for a database.
5:04 am
it took us a while for us to build a secure cloud. it's really hard to build a secure cloud. it took us a while. we think we're there now. we have by far and away the best database in world. nothing's close. we show a series of benchmarks where we're ten times pastor hand amazon. more importantly, we're ten times cheaper to run the same exact thing than amazon on our database. so if if you want all that security and reliability, you have to be willing to spend less. that's what we've shown in a series of benchmarks. even amazon can't move. maria: that's incredible, the fact that they're a customer, and you continue to poke them, to make -- because they're trying to get at your market share in one area, and yet they're on your database platform. >> people say oracle has no chance, amazon's going to dominate everything. you'd think one of the early customers at amazon would move, how about amazon? maria: how to you keep that leading position? >> well, we think we have, i
5:05 am
don't know, 10-20 year lead on amazon in databases. let me prove it. another thing, amazon uses oracle, not amazon. amazon's transprocessing data that base is called aurora. aurora is an open source database. they just picked up and they close sourced on amazon, they didn't write it. they didn't write any of it. they made it available on their cloud. well, so who owns aurora? who drops aurora? that would be oracle. it's called my sequel. that's our small open source database that they claim is their big transaction processing tata base that's going to -- database that's going to replace oracle. it's just preposterous. you know? amazon didn't even develop the amazon database. it's just a chunk of open source that we are responsible for called my sequel. my sequel does not compare with the oracle database. there's a reason amazon uses
5:06 am
oracle. you know who else uses oracle? is another company that hates us, sap uses oracle everywhere. sap ten years ago said i hate oracle, i'm getting off of oracle, i can't stand these guys, especially this guy that goes on tv and makes fun of us. [laughter] because we have great new database called hannah. it's awesome. well, they have all of these cloud services, you know? they have success factors. does it run on han that? oh, no, it runs on oracle. 95, 98% of everything sap does runs on oracle. a decade later they still use oracle, can't get to hannah. the oracle database beat ibm in the database business, beat microsoft in the database business. we've been in this business for 20 years constantly making our database better. now it's the world's first autonomous system. all of sap's large customers,
5:07 am
the e.u. actually did a study what percentage of the top hundred sap customers in europe, how many of them run the oracle database. only 99. [laughter] one actually ran ibm. so we only have 99 of 100. all of their cloud services whether it's success factors, ariba, all of these people they've been trying to get off of oracle for a decade still all run oracle. oracle's just a much better database than anyone else has. sasha no della was asked if i could have any piece of software in world, what would it be, and he said the oracle database. because it's the information age, and all world's valuable information is stored in an oracle database. maria: can you tell me back and tell me -- take me back and tell me how you've done this? you're the godfather of technology.
5:08 am
you're still coming up with all these info vegas, and i can see how passionate you are, you're beating everybody, and you came from such humble beginnings. grew up on south side of chicago, dropped out of college, now you have collections of cars, jets, private homes, owning the island of lanai. tell me how you did it. >> i had all the disadvantages necessary for success, you know? when you're raised on south side of chicago, you probably want to move someplace nicer. and i think be it doesn't kill ya, it makes you stronger. so i've always been very ambitious, i've always been very curious. i, you know, moved to silicon valley right after i dropped out of college, you know, got a job as a computer programmer, i learned how to program when i was in column, and i got a job and bummed around at yosemite valley teaching rock climbing
5:09 am
and leading river trips during my early 20s. but the way i supported myself was as a computer programmer. and i got involved with more and more interesting and complicated computer projects and decided to start my own company. maria: and then? it grew and grew and grew, and you're competitive. >> yeah. well, my original goal was to build a company of 50 people, people i enjoyed going to work with every day and people that i respected and enjoyed working with every day. it got to be a little bigger than that. we have 150,000 people inside company now. maria: and you've got 440,000 customers, 145 countries. where do you go from here? >> well, we want to make sure we beat amazon in cloud database. [laughter] maria: it's funny to o'hare you say that. very simple. >> very simple. just like playing basketball.
5:10 am
you know, if you're playing basketball, you want to beat the warriors. you want to win the championship. so our job, we have the best database in the world, we've got to deliver it in the context of a cloud that's as easy to use as amazon but secure. maria: don't go anywhere, more of my interview with larry ellison, the founder of oracle, when "wall street" returns. >> larry ellison doesn't shy away from politics. being a leading donor for both democratic and republican candidates. so what does the billionaire think of president trump? he tells maria when "wall street" returns. ♪ ♪ i know you want to leave me for schwab, but before you do that, you should meet our newest team member, tecky. i'm tecky. i can do it all. go ahead, ask it a question. tecky, can you offer low costs and award-winning wealth management with a satisfaction guarantee, like schwab? sorry. tecky can't do that.
5:11 am
schwabbb! calling schwab. we don't have a satisfaction guarantee, but we do have tecky! i'm tecky. i ca... are you getting low costs and award-winning wealth management? if not, talk to schwab. and award-winning wealth management? hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. is it ford? nope, it's not ford. i think it's ram. is it ram? not ram. that's a chevy! it's chevy! that's right. from the family of the most dependable, longest-lasting full-size pickups on the road. gorgeous. chevy hit it out of the ballpark with these. a new way to save on travel. now when you book a flight you unlock discounts on select hotels that you can add on to your trip up until the day you leave. add on advantage. only when you book with expedia.
5:12 am
5:13 am
betty called me at she thought it was a fire.ore. 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: welcome back. we continue now with more of my exclusive interview with o cl cofounder -- oracle cofounder larry ellison. you were a big donor during the
5:14 am
2016 election. you supported marco rubio. how's president trump doing? >> well, i think the economy's doing great, so, again, i was bill clinton's second largest contributor when he ran for office. you know? i'm neither a democrat, nor a republican. i tend to be in the middle which means very lonely -- [laughter] the country's become very polarized. maria: i would push back on that. i feel like we're all hanging out in the middle. very few of us have these monolithic views that you're all republican everything in your life or all democrat everything in your life. >> i know there are people that are very passionate on left, and there are people very, very passionate on the right. i tend to be in the dispassionate middle, you know? the kind of boring, dispassionate middle, and i thought, you know, very close friends with tony blair and bill clinton. that was called third wave back
5:15 am
then. that was -- bill clinton was a centrist. you know, tony blair was a centrist. marco rubio's a centrist, mitt romney's a centrist. those are my politics. in terms of assessing the trump administration, i think, i think there's style and then there's substance, and i'm not going to comment about style. but i'm very happy that the united states economy is doing well. i'm very happy we're at record low unemployment rates. there are a lot of good things that have happened. people want to assign some of the credit to ma, some -- barack obama, some to donald trump. that's their -- everyone has their own opinion. i just think it's wonderful to see the u.s. economy growing again over 4%. i think our big competitor, you know, is china, and that if we let china's economy pass us up, be we let china develop -- if we let china produce more engineers
5:16 am
than we do, if we let china's technology companies beat our technology companies, it won't be long that our military is behind technologically also, our economy's behind technologically. we have a serious competition going on with china. i'm on team usa. i would like us to be successful. i'd like us to develop and protect our technologies. i think we have to do that. i think we have to invest, invest in our economy and grow our economy so we can compete with the first serious, the first serious threat, if you will, first serious competitor we've had since the 1930s. maria: i couldn't agree more. and china won't even admit they've been stealing our ip for decades. so first, we've got to get them to admit it in order for them to change their behavior. and it's good that this administration has pushed back on china. >> yeah, no, i think the appropriation of our ip is a huge advantage for them. i mean, they can spend --
5:17 am
they've got all of our ip and all of their own ip, and there are some talented engineers in china, and they're producing at lot of them. we've got to do a better job. maria: yesterday when i was speaking about mark, i asked about the dod contract. oracle's competing for a business with the pentagon. amazon wants it too, but google walked away. and yet they are all in on going into china and having their search engine censored. your reaction. >> well, i think, you know, it's actually kind of shocking. here jeff bezos and i absolutely agree. i think u.s. tech companies who say we will not support u.s. military, you know, we will not work on any technology that helps our military but yet goes into china and facilitates chinese government surveilling
5:18 am
their people is pretty shocking. i think it's very important that the u.s. technology companies support our country, our government. we are a democracy . we don't like our leaders, we can throw them out. if you don't like the leaders in china, you can fill in the blank. you know? maria: you're dealing with a dictator for life. >> yeah. xi is the most important leader in china since mao. he's now been elevated, you know, to that level. and i don't see how a company like google can say, okay, we're going to aggressively pursue business in china and stay away from doing anything with our u.s. military. i think it's a terrible miscalculation. i mean, our democracy -- and the democratic systems are in competition now with communist/socialist systems. and we'd like to see our
5:19 am
democratic capitalist system emerge victorious in this competition versus commune bist socialist -- communist socialist system. maria: don't go anywhere, more of my interview with larry ellison, the founder of oracle, when "wall street" returns. >> larry ellison is one of richest men on earth, but what would he be doing if he had to do it all over again? he tells maria when her exclusive interview continues on "wall street." ♪ ♪ ahh. where are mom and dad? 'saved money on motorcycle insurance with geico! goin' up the country. love mom and dad' i'm takin' a nap. dude, you just woke up! ♪
5:20 am
♪ i'm goin' up the country, baby don't you wanna go? ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ geico motorcycle, great rates for great rides. (guard) whacontrolled fury.... freakish intelligence. wicked seduction. these endeavors will rattle your soul... and challenge the contents of your stomach. if that sounds dramatic... it is. ignition sequence starts. 10... 9... guidance is internal. 6... 5... 4... 3... 2... 1...
5:21 am
♪ they seem to be the very foundation of your typical bank. capital one is anything but typical. that's why we designed capital one cafes. you can get savings and checking accounts with no fees or minimums. and one of america's best savings rates. to top it off, you can open one from anywhere in 5 minutes. this isn't a typical bank. this is banking reimagined. what's in your wallet? comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget.
5:22 am
beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. ♪ ♪ maria: welcome back. we continue now with more of my exclusive interview with oracle cofounder larry ellison. talk to us about what drives your giving.
5:23 am
you've done much for be education, for cancer, cancer research. i love what you're doing on wellnesses. what drives these decisions? are these things that are just important to you, or are you, for example, wellness. >> well, health and making -- really i have a foundation, a charitable foundation where one of the slogans is cures not care. in other words, we spend a huge amount of money caring for people who are ill rather than preventing the illnesses, supporting wellness. the money is much better spent, people are much happier not in hospital, in a healthy home with their families and that we should have programs that support wellness as opposed to, hey, we have to care for people who are sick. there'll be a lot fewer people sick if we focus on wellness. there'll be a lot fewer people sick if we focus on drug discovery and find cures for some of these terrible diseases.
5:24 am
maria: and a moment ago you said if i had to do it again, i would choose biotech. >> i would choose biotech. maria: tell me about that. >> well, i think this is where you're going to see the most dramatic changes and dramatic new technologies being developed, will be in biotech. you will see most of the common decides, including lots and lots of cancers are becoming much more manageable. cancer's not a disease, it's a family of diseases. a family of diseases of the dna. and we're getting better and better at managing these things and even curing them. and i think you'll see lots and lots of diseases disappear over the next 20 years. aging will be managed much better than it's been managed. that people maybe, you know, people say, well, do you think we'll live forever? i have no idea, but as they get older, they'll be much healthier, and they'll enjoy
5:25 am
their lives for a longer period of time. so while we're around, we'll have much longer periods of health in our later years than we have right now. and all of this is very important. i also focus on the very young, on education. if we're going to bring improvements to economy in africa, we just haved to do two things, a better job of feeding kids and educating the kids. the combination of nutrition and education many places like rural india and rural africa is, those are the two primary focuses of my philanthropic foundation. maria: are you expecting to live past 100? [laughter] i mean, do you think about that? >> i don't think about it. i usually think about, you know, next several weeks. [laughter] that's as a par -- i really
5:26 am
5:27 am
jardiance asked: when it comes to managing your type 2 diabetes, what matters to you? step up to the stage here. feeling good about that? let's see- most of you say lower a1c. but only a few of you are thinking about your heart. fact is, even though it helps to manage a1c, type 2 diabetes still increases your risk of a fatal heart attack or stroke. jardiance is the only type 2 diabetes pill with a lifesaving cardiovascular benefit for adults who have type 2 diabetes and heart disease. jardiance significantly reduces the risk of dying from a cardiovascular event... ...and lowers a1c, with diet and exercise. let's give it another try. 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
5:28 am
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. so-what do you think? well i'm definitely thinking differently than i was yesterday. ask your doctor about jardiance- and get to the heart of what matters. because when you want to create an entirely new feeling, the difference between excellence and mastery, is all the difference in the world. introducing the all-new lexus es. a product of mastery. experience amazing at your lexus dealer.
5:29 am
a product of mastery. ('god's whisper' by raury plays) a moment of joy. a source of inspiration. an act of kindness. an old friend. a new beginning. some welcome relief... or a cause for celebration. ♪ what's inside? ♪ [laughter] possibilities. what we deliver by delivering. ♪ ♪ maria: coming up next week on program, do join us, we're going to have a special program. the ceo of boeing, dennis mullen berg, is my be special guest. and i'll see you sunday morning on the fox news channel for sunday morning futures. catch the program live, 10 a.m. eastern on sunday. plus, tune in weekdays right
5:30 am
here on fox business at six a.m. eastern for mornings with mafia. set -- with maria. be sure to follow this program on facebook, twitter and instagram, get the latest videos and pictures from the program. >> 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.
44 Views
IN COLLECTIONS
FOX Business Television Archive Television Archive News Search ServiceUploaded by TV Archive on