when i had dinner with marc benioff, he was talking about saving the oceans, you said how about the trees? and it resonated because of your long-time love of the trees but also because there are meetings now, i don't know if you're getting much hope from what's happening in glasgow right now that seem to indicate there's going to be success with trees for jane.org. >> well, i sincerely hope so i think many people love trees and many people are feeling helpless and hopeless because of climate change and also biodiversity, but when you actually do something to make a difference, it gives you hope. i mean, it makes you feel good then you want to do more of it but, you know, one thing you said, yes, the corporations, greed is cutting down the forest the other thing is property because if you're really poor and your family is growing and you have over used your farm land, you're going to cut down more trees to make more land to grow food to feed your family or to make some money from charcoal or timber. so alleviating poverty is really important, as well as bringing business, corporations in t

marc benioff of salesforce. what happened, tom?athan: tom: i can't -- tom: i can't go into the details, but i was hacked like everybody else. what is so important here, a lesson for everybody, if i wasn't so rushed and hurried, i would not have been hacked. benioff came to the rescue. it is cop-26. our francine lacqua is in scotland with mr. benioff. this is a guy who said the end of software, and in doing so, moved on to billions and on to making all sorts of philanthropy. he has spoken with his money. in scotland, francine lacqua. romaine: he has spoken --francine: he has spoken with his money, and i am delighted to be joined by marc benioff. right before this, you were in a panel. you have been pushing this for such a long time. deforestation is good -- reforestation is good. it is only a drop in the ocean. mark: we have lost 3 trillion trees on our planet. everyone trillion trees sequesters 200 gigatons of carbon. we need that carbon storage. this is really important. so to see world leaders make those commitment's, i am shocke

i expect more moves like that from marc benioff. up 30% since i bought it earlier this year so no complaints. it may come down at some point, particularly as rates go up. i will use that as an excuse to add to the stock so this is going to be a long-term hold for me. >> okay. steve weiss, why no touch? too rich >> well, first of all, you know, i can't agree with jim because no sense both of us being wrong. look, yes, it is too rich, number one number two, their model changed a little bit they had so much or goonic growth, but as they got bigger and as their core business started to slow, they have to make bigger and bigger acquisition. these large roll-ups, and that's what it is turning into with slack, which was an expensive acquisition, and others, jim, as they come down the road, they just don't work that well. then you have cultures clashing, and we have seen it time and time again red hat and ibm being another one. it is not the savior you should never violate your discipline this valuation is egregious. rates are going higher

the pilots partners includes billionaire philanthropist marc benioff who funded the initial seed moneyff the ground. we believe in expensive housing market like the bay area. this is the type of intervention that can rapidly stabilize families keep them from losing their housing and allow them to build their income. >> to a moment of self-sufficiency. >> has kron. 4 news to the south bay now where a legal battle is brewing over proposed affordable housing development in the city of santa clara as kron four's. rob fladeboe reports. now a developer. >> is accusing the city of scuttling the project without warning. >> a proposed mixed use housing development what is now vacant land jointly owned by the city of santa clara and the vta across from santa clara university. it's said to be in jeopardy after the city quietly table. the project prompting a formal complaint from developer republic metropolitan whose attorneys and ravel the day. >> allow the developer to believe that they were going to come to some kind of an agreement which they had not yet come to a agreement. but they never had

the pilots partners includes billionaire philanthropist marc benioff who funded the initial seed moneythe rental subsidy off the ground. we believe in expensive housing market like the bay area. this is the type of intervention that can rapidly stabilize families keep them from losing their housing and allow them to build their income. >> to a moment of self-sufficiency. >> zeke mud. kron 4 news. >> still ahead on the kron 4 morning news a mom is forced to give birth while on a front lawn. now she is reuniting with the paramedics who helped out. we'll have that story when we get back. well, some resorts are delaying their opening because of the warm weather. both heavenly and northstar say they're trying to meet their target. opening date. this friday, but they need cooler tips to help with the snow making. both reports say they're going update some time next week. all right. well, back here at we are also looking at a cool down for the next couple of days. and it was very windy in the east bay, especially this morning. john trail has it tracking a few things understand we might get so

i've got to tell you, marc benioff introduced me to them, the head of salesforce i just said wow. congratulations, you're the tenth caller who got the bell ringing during the show. >>> there are plenty of companies where supply chain issues simply don't matter, like most of the tech companies, which is why they have been such great buys it's a real good buy list you've got this week. today, another day, another new all-time high. find out how this cybersecurity business stands to benefit from the renewed data protection and cybersecurity. >>> you won't want to miss my sitdown with nvidia's ceo where we hit on everything from the omniverse to a.i., autonomous driving and will the supply chain disaster steal christmas not for everyone i'm getting a read on retail from the ceo of williams-sonoma, so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter send jim an email to mad money@cnbc.com or give us a call at 1-800-743-cnbc. miss something head to madmoney.cnbc.com. it's another day. and anything could happen. it could be the day you welc

the pilots partners includes billionaire philanthropist marc benioff who funded the initial seed money to get the rental subsidy off the ground. >> i don't know what i i you know, i can't pay the rent by receiving a little. >> so to bridge the gap between what people earn and what the rents are. we can stabilize families prevent homelessness from happening in the first place. >> has mud. kron 4 news. >> the 3.33 on tuesday afternoon. looking like a beautiful day there across the bay. taking a live look outside at downtown san francisco, little bit of cloud cover. but nothing too terrible. finally getting a good dose of sunshine today. kron 4 meteorologist john trouble has a little bit more detail on what we can expect as we almost make our way into thanksgiving week. >> well, even though a very gray start to this day. we are looking at some sunshine ahead of us towards the rest of your tuesday already seeing some of that peeking through between the clouds and your berkeley hills cam right here. pretty nice of you out there to get you started. in fact, a really nice day to be venturing

$3.4 million program is paid for by donations from several nonprofits, as well as the family of marc benioffsors introduced a measure to build more affordable housing and provide building assistance to homeowners. last night, supervisor gordon mar introduced the resolution, saying the city has over built luxury housing but has not built enough workforce housing. the proposed ordinance would provide a density bonus for builders or developers, allowing up to four units to be built in residential housing zones. new research shines a light on just how damaging it can be to be bombarded with cell phone notifications all day long. next with the data show about how distracting notifications are our annual one warm coat drive is now under way. if you have a gently worn coat or jacket you'd like to donate to bay area families. just take it to any participating ups store or big o tires. we also have collection barrels in oakland's jacqueline and square. santana row in san jose and westfield san francisco center. the drive runs until sunday. december 5th visit ktvu .com slash one warm coat for more inf

the pilots partners includes billionaire philanthropist marc benioff who funded the initial seed moneydy off the ground. we believe in expensive housing market like the bay area. this is the type of intervention that can rapidly stabilize families keep them from losing their housing and allow them to build their income. >> 2 moment of self-sufficiency. >> zeke mud. kron 4 news a local housing developer is suing the city of santa clara for allegedly rejecting a new affordable housing project and potentially violating state law. an attorney for republic. metropolitan tells kron 4. the developer had been in talks with city officials to build a 240 unit development with retail and recreation space across from santa clara university. the developer claims it has invested millions of dollars into the project. now accuses the city of meeting behind closed doors to cancel it. >> they. >> allow the developer to believe that they were going to come to some kind of an agreement which they have not yet come to a agreement. but they never had any discussion whatsoever about the legal issues or any o

bill mcdermott, marc benioff at salesforce why don't you contract out with one of them to tabulate theseroll numbers? they're better at it than the public sector. >> i think we have great people here at the department of labor. maybe what i'll do is contact those companies, when i get off of this tv with you, and talk, certainly i'm a big firm believer in working with the private sector, particularly on data they have good information that they're always looking at. my previous role at mayor, i often looked at companies, so that's a good suggest. i'll take them up on that. >> seven contracts with the federal government benioff instead, don't we have web services that can do it. google cloud i'll bet you he would do it. i just think it would be good. it wouldn't necessarily -- yeah, i'll give you -- >>> mr. secretary, the president said famously a while ago, if american companies need more workers, and they clearly do, they should pay them more. is there a point at which hourly increases in wages and pay hikes would be seen as dangerous to the economy? >> i don't think it's necessarily da

marc benioff, i'll tell him to forgive you. >> he has forgiven me.ry other day. >> kind of true. wasn't he on last week >> you got a great show. i'm really looking forward to hearing. erant you? >> yes see, carl's a gentleman. you on the other hand. >> skounteral. scoundrel. we'll see you at 6:00. "mad money." a reminder you can get on the new cnbc investing club. go to cnbc.com/investing club or use your phone and point it at the qr code. >>> testimony from powell and yellen don't go away. >>> good tuesday morning markets looking for direction here, amid more commentary of concern, regarding the new variant. in a few moments, the foed chair and treasury secretary will testify on the economy we'll take you there live as soon as it begins. consumer confidence out. morning, rick. >> good morning, carl. indeed, our november read on the conference board is out. and it is a slight miss. expecting a number very close to 111. 109.5. and just like sthaugo pmi, it' it'sest read since february and we're at 131 really puts a face on this number and present situ

tonight, don't miss marc benioff and brett taylor the market is not liking the guidance they have thisbeen building up to. >> a little hostile market to lower the guide. we will see how it shakes out after i know there's going to be optimism in that interview, as there always is with marc. overall, the market is -- we're in that mode of waking up tomorrow are say are we oversold enough did the markets panic as they did last night we flushed out enough of the optimism in the short-term no month. >> it will be hit by salesforce. it was a bit of a fail today after yesterday's bounce. >> definitely. it was a half hearted or wounded bounce we will see. we are only 3 1/2 off the high >> we are out of time. >>> tonight, the stocks tank we are breaking down the fallout and finding new opportunity in the big drop the ultimate safety trade. apple holding up in today's session. is this where you want to park your money we will take to you the charts oil tanking today. we are drilling down on the energy trade welcome to "fast money." we start off with the 30 words that sent stocks spiraling. >> i

from salesforce in this before of earnings, along with crowd >> i look forward to hearing from marc benioffi don't want to say he's confident because he's cagey they are doing a lot of business, the business is unabated some businesses have been uniquely discovered they work well on the zoom salesforce has worked well on zoom workday has done well on zoom. >> you surprise me when you say it is time to look at zoom the stock at 210. >> so much cash. >> there was an analyst we had on tech talk saying it is trading at something like 35 times which i guess is supposed to be a good thing. >> they can buy someone. that's what i am talking about, they have a lot of cash. you can buy someone. that's your world. but they have a lot of money. >> outyear 35. but not near time. >> five nine is using older technology, the issue with zoom is if they don't do something to onboard customer acquisition they too are in this dogfight. >> against microsoft that's not a great place to be. >> you have got a point there. microsoft is a powerful opponent >> microsoft is a great money on list, everybody loves it th