at adobe headquarters in san jose, 11:00 a.m. on wall street "squawk alley" is live ♪ ♪ ♪ ♪ >>> good friday morning. welcome to "squawk alley." i am carl quintanilla with sara eisen at post 9 of the new york stock exchange jon fortt is in san jose at adobe, a big story. the storm is the lead. >> hurricane florence making landfall this morning moving inward as the carolinas brace for storm surge. let's bring in kaitlin mcgrath for an update. >> it is a category one storm, sustained winds down to 80 miles per hour you can see on radar imagery, we lost the well defined eye. it is clouded with rain. throughout the morning, we have not seen much movement over the past few hours since landfall, florence is crawling at 3 miles per hour but still bringing heavy convective bands, hurricane force winds to much of north carolina and approaching south carolina through the day today it will likely encounter more warm water the next few hours. it should maintain the category one strength as we head through the day today. then we'll see gradual

i met a man who built sun-dried adobe houses and he could tell us how to get some sun-dried adobe, so we've all of his advice -- we followed his advice and found a starving architect who was willing to design a house, and we got this house built. i just loved it. until you have seen and touched adobe, you probably cannot appreciate why i liked it so much, but it looks good, feels good, and is wonderful in arizona sunshine. that is what we used to build our house. i loved it very much. when the president made his call and i agreed to come back to washington, d.c., we learned that housing prices in d.c. are very high, so we had to sell our little sun-dried adobe house and raise a little money so we could get something to live in in d.c., and we did, and that was painful to have that happen. i'm watering -- i'm wondering -- from my topic, but it is interesting to hear. inhave formed a program arizona using our old house. it has been purchased back by a nonprofit little organization to support the o'connor house, and we use it as a place where civil talk leads to civic action, and i like

adobe, sales force all flying high up 40%.be reports earnings next week dan says he could be right for a breakout what are you looking at? >> let's look at adobe this quietly or not maybe to quietly has become one of the largest stocks market cap up 130 market cap at one point this was kicked around as a takeout name from a bigger soft blairer. not anymore. i have a chart since it started in 2017 of adobe look at how far this thing has come off trend just since it's broke out to a new all-time high i don't want to trade this one next week. i don't think i have a whole heck of a lot of edge. last week it went down a couple of percent and i think the momentum is with them. workday, sales force, service are big names. the latter two are 30 plus billion market cap companies workday, those were also thought to be takeout candidates i actually think given the situation that we are with all of this cash coming back on shore and the inability of some foreign buyers, we could start to see m&a and adobe with their stock or sales force,

in some cases that may push adobe to make acquisition.'s been are rumors about that you have to be careful of that as well. >>> all right coming up next the final trades and we have the results we have gilead we'll find out how pete did. next need a change of scenery? kayak compares hundreds of travel and airline sites so you can be confident you're getting the right flight at the best price. cheers! kayak. search one and done. who would have guessed? an energy company helping cars emit less. making cars lighter, it's a good place to start, advanced oils for those hard-working parts. fuels that go further so drivers pump less. improving efficiency is what we do best. energy lives here. >>> all right. welcome become tp do you know what mark zuckerberg and pete narjen have in common? well thayer both all by themselves sorry, pete. 59% of the people voted no on. >> that's not very social. >> gob to be together and alone. >> way does he get sell even dion. >> is this cell ien did he zbloon i like teva buffett name how do you not like it i'll

i knew this transition could be a bumpy ride we saw the same thing with adobe.elf to be shaken. i was resolved than even during the first sign of adversity. if i had real conviction, i would have seen the sell-off in autodesk as the buying opportunity it turned out to be. i called it suddenly show me stock. but when the company showed us it was doing great, i didn't circle back. i had plenty of chances to correct myself i should have looked closer. because when you drilled down there, was a lot to like the key here, autodesk annualized recurring revenue, that was the metric. it was hugely important for subscription business, and the stock rocketed higher, up 25% for the year total annualized revenue from subscriptions more than doubled. ceo he told us that the growth rate was actually accelerating yes, accelerated revenue remember why i got spooked the number of new subscriptions seemed to be lower or adding fewer total customers because more clients were switching from individual products to higher value entry collections. instead of buying separate subscriptio

adobe sales force work day up flying high up more than 40% adobe earnings next week, but he prefers'snt space. >> let's talk with adobe it's become one of the largest software companies in the world and it has 130 billion in market cap and it's up 200% this was often kicked around as a takeout sort of name from a begger software player not anymore. i have a chart since it started in 2017, just because it broke out to a new all-time high >> i saw a whole hell of a lot and the momentum is with these names. work day, service now, sales force have become who of what i named. now -- and those were also -- i happen to think, given the inability to buy u.s. assets we could see some play m and a, they, they reported earnings that were disappointed they pulled down the annual revenue target of a year and a half. the stock sold up. i think it makes sense to look at this thing right now. they're growing sales at about 20% a year they have about $600 million in sales expected this year $3.7 billion market cap and that's a really easy one for somebody who thinks that this content and storage platf

the report said adobe could pay upwards of $1.5 billion. adobe shares were volatile in the after hours sessions but finished the regular day up a fraction to 268.52. ce> yesterday we told you about the cs the fda has raised about the growing use of ecigarettes by minors. and today we look closer at look at juul, the company dominatingh the market w valuation of about $16 billion. adidi roy has the report onight. >> reporter: it'eek, stylish and looks more like a usb device than a vaporizer that's one reason which why the ecigarette company juulo is popular among teens. those are one of the movie popular products. >> on my college campus it's popular. >> the fda says teenage use is to rampant it's ep iemic. >> the steps they could do to perhaps even shutdown the online sites. s i'm note they will do that. but we are willing to step in and remove these flavors from nie mec we think they are one element of what's making the products appealing to a youth. >> juul is one of five ecigarette companies ordered y the fda to submit plans in the next

and adobe.hip over data and we'll hear from all three exclusively. >>> we start with the sky deal in a dramatic fashion, the conclusion of a long-sought asset for both fox and the parent of our company. comcast emerging as the winner with the deal that is not being particularly well received by some shareholders. comcast shares a new low, down 8% coming up significantly in its bid from what hearing impaired 1475 to a winning bid of 1728 under these interesting auction rules that were set by the uk takeover panel, disney also did agree to increase its bid from fox. disney had the right to decide whether or not fox would go up quite high, in fact. but not nearly as high as did come cast. with about a $3.7 billion deferential overall between the two bids but comcast will tell you this is not about the short term movements in its stock price based on its willingness to pay a high multiple, some 15 times 2019 estimated ebita for a company only growing in the mid-single digits. it's about securing the

want to get straight to the three ceos the ceo of microsoft, you brought this group together from adobell mcdermott from sap i have never seen anything quite like this frankly. i have been doing this on air and in print for awhile. more than a trillion dollars of market cap represented by you three gentlemen sitting here, and we are announcing open data initiative in the cloud. why is this so important >> you know, the insight that all three of us had based on the work we are doing with many customers, we talked about coca-cola, walmart today as customers that are excited about this open data initiative, it is their real insight that led us to do this, which is how do we work to put them in control of their own customer data. that's the real currency any brand out there cares deeply about the continuous improvement of their own customer data understanding, and the three of us coming together is going to be central to them feeling in control of their own customer data. >> the idea being microsoft with azure dynamics, you have a certain set of customer data, adobe, you've got the experien

even though it is hollywood, california this great southwestern motif with the agave and adobe and the prices and the food quality and the food variety is simply amazing to see from the different periods of time. food service traditionally was pretty awful. oftentimes left overs threw back into the pot and dealt to the next willing victim that came along kind of thing. fred harvey produced a palatable menu of quality food that could be served in fairly efficient time. the pioneer way of having people give their orders while still on a train and telegraph that information forward to the restaurant so that when people arrived, their food was waiting for them. the second thing about fred harvey company that i think is very important, the role it played in creating jobs for women in the west, traditionally there weren't a whole lot of jobs for women. they could be teachers, nurses, that kind of thing. that was pretty small pickings with the advent of the fred harvey company, they hired large numbers of women to staff their restaurants and cafes across the rocky mountain west. they became t

even though it was in hollywood, this greatas if southwestern motif, with the government and the adobe, the prices and the foot quality and the varieties are just amazing differentm the pyramids of time. the foot had traditionally been pretty awful, often times it was put right back into the pot and served back to the next willing victim who came along, the kind of thing. fred harvey produced a quality many of food that can be served in fairly efficient times. they pioneered a way of having people give their orders while still on the train and telegraph that information forward to the restaurant, so that when people arrived, their foot was waiting them. the second thing about fred harvey company that i think is very, very important, is the role they played in creating jobs for women in the west. traditionally, there weren't a whole lot of professional jobs for women. they could be teachers, nurses, that kind of thing. that was pretty small pickings. with the advent of the fred harvey company, they hired large numbers of women to staff their restaurants and cafes on across the rocky mou

you want to talk adobe right now. >> this is fascinating adobe blew the numbers they were yus beautifullove everything. with many other, people are nitpicking wait a second, i thought they did better than expected please do not sell adobe we start seeing defer revenues and timing issues and there is issues with the billing cycle. david, listen to me. >> i am listening. >> this is what happens with the cloud kings. they nitpicking and finding someone. so the stock gets hit a little and all the big institutions come in and buy. that's going to happen i want to ask him more of artificial intelligence. narayen. at some point will he take profits? >> we were idiots. this is a great story. every time there is always some line, david, it is nonsense. it was a great quarter we got openi bngell coming up just five minutes from now stay with us on "squawk on the stay with us on "squawk on the street." ♪ (whistles) ♪ come on. come on, squirt. (dog barking) whatever your financial gos are, a u.s. bank wealth management advisor can help make them a reality. talk to one today. u.s. bank - the power o

it is adobe systems.at an all-time high and remain -- we have the lowdown on adobe. >> this is been quite the run. i remember six years ago, adobe moved to the subscription style model. the stop selling and licensing photoshop and other software and it was widely derided at the time. the growth they have had an subscription model has been phenomenal. it is revenue growth that has been running at a clip of 30% in the side of the business for the past few quarters. the shares are having their best day today and they are on a phenomenal run. or $2.75$23 a share now. i pulled up the analyst recommendations on the terminal. it shows the price spread between their targets and where is now. >> it came out this morning raising their price target to 325. that is a street hybrid it is a 275 now. when you think about adobe, you look at other companies in this race. they have had phenomenal runs as well. autodesk. salesforce, they are all up 50 or 60% year-to-date. a lot of this is from the same issue. most of the an

is hollywood, california, it has this great southwestern motif with the agave and the adobe and the food quality and the food varieties are simply amazing to see from the different periods of time. food service traditionally had been pretty awful, oftentimes left over and script back into the pot and served up to the next willing victim who came along. when people arrived come other food was waiting for them. the second thing about fred harvey company that is very important is the role it played in creating jobs for women in the west. there weren't a whole lot of traditional jobs for women. there -- they could be teachers and riches. .hat was small pickings with the advent of the fred harvey company, they hired large numbers of women to staff their restaurants and cafes all across the rocky mount west. they became the largest employers of women. for a time, they were the largest employer in the united states. this was a company who really had a big impact on america in -- 1890's. 1990 one of the interesting things in our collection is a rather old and battered scrapbook from a harvey gir

adobe purchased a commerce company to enter e-commerce in june.g is in talks to buy a food delivery company according to bloomberg sources. a bid for the london-based company would mark a major attempt by uber to dominate the food delivery business in europe. spokesman declined to comment. micron technology shares have asbled in extended trading first-quarter sales forecast fell short of analyst estimates. willhipmaker says revenue range from $7.9 billion to $8.3 billion. analysts had predicted a $.45 8.4 $5 billion -- $8.45 billion dollars. medtronic has embarked on a plan improve its operating budget. it expects a deal to weaken its earnings per share. that is your bloomberg business flash. nejra: thank you so much. the continent of africa has felt of this year's young currency and stock rout as keenly as the continent of asia. johannesburg's all africa index is down more than 5% with nigeria's embattled mpn epitomizing the volatility of market. the country's central bank has been forced to keep its rate at 14% for more than two years to combat

although a decline for some and it looks like cloud stocks are starting to bottom led by stalwart adobe there's always a tendency to play pin the tail on the sell-off is it digitalization cutting on consumer growth consumer behavior? is it so darned easy to say, uh-huh, this is the reason, there's a sea change and it explained everything the thing is this kind of thing sounds rigorous to help make a decision it's not rigorous at all and your decisions may turn out to be very bad, because there's no sea change in this technology business at all. this sell-off is about the money management business, not about tech as i told you in tuesday's show, high flying tech stocks tend to get hit in september trying to take profits before someone takes it from you. in the old days i would have run the hedge from here. let me put my old hat fund on to explain. at any time there's three shareholders the buyers who own a plurality of stocks, 25-30% stock. they don't count for the sell-off soliliquy because that money just sits there. the mutual funds overrated in tech, more tech than represented in the

eri adobe. >> yeah.rted that adobe was closing in on buying marq you recollect -- they will stay with the company. this is the largest acquisition for adobe ever it is new about $830 billion market gap company one against being acquired >> does it say anything about the industry is it a place to continue to look for acquisitions? >> can you tell us anything about the rational >> it is a bit of a bizarre acquisition. adobe has done well. there's no questions there that broadly speaking this is a hot industry and likely we will see more acquisitions to come here. >> that's how well adobe's stock has been >> you expect more in this case? >> yeah. i mean i think so. that's lot of companies out there. a lot of small private companies at this conference last week a lot of these are all looking to expand the evaluations aren't really that attractive here a couple of bad days i think that's where you want to be >> looks like it will be at 2:00 p.m. specific time conference call so about an hour or less than that

the two-story old home there on adobe, old adobe road is decked out with a sauna, theater, 1,000-bottle wine cellar and according to "the chronicle" despite the booming housing market, no buyers are willing to pay that money for that beautiful home. look at the pictures there. now that price is being dropped to, you know, $20 million, not too shabby there. if you got $20 million, kari, hey, i'll give you -- >> i'll buy it for $20. we take a live look outside in dublin this morning, already busy and as we look at our air quality today things are improving as we've seen the air being mixed out a little bit more with the breezy winds but we still have the wildfires burning in the north bay, so that's creating some smoky conditions there, moderate air quality throughout the afternoon. as you make your way out to the fruit veil b.a.r.t. station it will be a cool morning, all clear, temperatures in the mid-50s to start. mid-60s by 11:00 if you're headed out later this morning. it's still going to be nice and cool with our high temperature all across the bay area coming down a few more degrees

the two-story old home there on adobe, old adobe road is decked out with a sauna, theater, 1,000-bottle wine cellar and according to "the chronicle" despite the booming housing market, no buyers are willing to pay that money for that beautiful home. how about $20 million. >> i have $20, how long will that get me in the house. >> i'll add in my 10. >> we can stand on the porch, i guess. here is a live look in dublin as the sun rises. it's a nice and clear start, and it won't be as hazy today. if you're making your way out to the dublin b.a.r.t. station, grab a jacket. temperatures will be cool starting out in the mid-50s and as you head out later on today, temperatures start to warm up, headed into the upper 70s by early afternoon. looking for something free to do with the kids today or just enjoy your time outside, go to the san francisco botanical garden in golden gate park. it will be partly cloudy and fe temperatures reaching into the low 60s and just trying to make it out the door for school this morning, let's head over to livermore with temperatures in the mid-50s to start and we'

every p of the world by really working together. >> as you can see, all threes, compan microsoft, adobe and sap were higher in today's trade. >>> united technologies is reportedly considering selling its chubb fire and security unit for more than3 billion. reuters says the company is likely it announce that decision within the n two months. shares of united tech fell by 1% to $140.34. >>> and weight watchers is changing itsameo ww. the weight loss company said the name change reflects a new focus on ovall health and well-being. >> this has been part of anio evol of a journey to go from being undisputed leader in losshy eating for weight to much broader than that, to truly be a partner to people in overall wellness for what you eat, how you move, how your mino works, support you and how you become part of amm ity. >> shares of what is now called ww rose nearly 4.5% today to $72.89. >>> and many other companies over the years have changth r names as well, and for different reasons, of course, but some examples include world wrestling federation becoming world wrestling entertainment. gmac

further we've got earnings reports in the next few weeks coming out, holiday data that we see from adobeers about how sales are going. is that going to move stocks higher >> we think again there's going to be some move forward. software has been the leader this year, multiples are off the charts look at what adobe paid at ten times revenue, taken under by private equity two years ago the bar is higher in software and internet right now, facebook trades at 20 times earnings on next year's numbers. not a crazy bar. everyone talks about faang, we favor stories with better valuation that we're advising our clients to look at given the run. i think when you look again at amazon, look out two years, we publish a report, see a $3,000 level a couple years out long haul looks good. >> brent, tim, hold tight. a market flash from dom chu on intel. >> relevant to what you're talking now. intel shares are up near highs in the session, off about 3% because the interim ceo and cfo over at intel have posted a letter on the company website saying a number of things, but the key here is that they believe

joining us now to talk about the increased popularity is the director of product management at adobenalytics mobile. :, thanks for joining us today. >> thanks for having me. >> a recent adobe survey found 32% of consumers admit owning a smart beaker, up 13% since january. what is the big appeal here? >> the big appeal is that people are understanding there are more things they can do with smart sneakers than voices and sins overall than they realize before. whether it is checking stocks, or doing a simple sports school review, or getting into shopping. likewise, the rate at which things are happening for buying is massive acrodifferent skills. ttle bit more. >> you mentioned shopping. i found it really interesting, because i have an amazon alexa device thought to ask it to search for flight deals for me. how does that work? does the average american have the patience to go back and forth with an assistant like that to do it? >> it depends on the assistant. but if you think about it, it's not too different from an app. an app is when you query that. looking at your flight deals. with

and adobe making a deal. we'll tell but that. and michael kors apparently close to adding an iconic fashion brand to its portfolio we've got all of tt d rehaanmo coming up on "power lunch. but which ones target your goals? it's not about quantity. it's about quality. no trendy stuff. i want etfs backed by research. is it built for the long-term? my reputation depends on it. flexshares etfs are designed and managed around investor objectives. so you can advise with confidence. before investing, consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. sometimes, they just drop in. obvious. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group - how the world advances. ♪ >>> let's get a check on the markets. the dow is

i think adobe is going higher from here. >> okay.. >> full disclosure >> i got it. >> are you buying pot stocks >> no. crypto and cannabis are off our radar screen however, we have to be sensitive about what happened in amsterdam with regards to consumption spirits. we are a believer of spirits holy spirits are good. independent of that looking at what's going on in denver, the west coast, wine consumption, is it slowing down and so on. that's it. it is the new crypto/cannabis dynamic. >> a negative? >> too speculative >> i don't know yet. we're a work in progress we've asked this of a lot of companies. >> what about consolation? >> we own a loyal of it. >> they made an investment. >> yeah. we own scott's miracle-gro, providing the infrastructure for that smg is $78 or $79. we're not doing that for that alone. we like lawn and garden and health care for the garden >> we'll take a quick break. coming back, final trades. need a change of scenery? kayak compares hundreds of travel and airline sites so you can be confident you're getting

>> i've got one quick question adobe. i think you've done a great one with that one, joe to this point in time, do you look at the pe levels on this and say, you know what is it too rich at this point >> it's a great question and i thought about it and it was an all-time high august 31st and what's so fascinating about this company, pete, every time it's perceived to be left for dead, they come up with something that's a new opportunity. think about creative sweep for a second they were able to transition creative suite into where they're able to get the licensing revenue. when that first came out people didn't think they had the ability to do it they're bringing to the market products every three or four years that they're able to extend the cycle and the rich valuation that you rightfully identify them as carrying the market continues to carry the premium for it and i don't see a reason to change >> yeah, i think we've got a nice mix of diversification with the stocks that was great two that i know well, abbott and hone

adobe purchased a commerce business in june to enter the e-commerce business.ns to trim its workforce by 10% within three years as the ceo works to pull the bank clear of customer review scandals -- abuse scandals. sloan, who made the announcement yesterday, has reduced headcount as he cleans up the bank and streamlines operations. the lender is struggling to grow under the weight of a federal reserve assets cap. that is your bloomberg business flash. much.thanks very oil is headed for its second week of gains as investors seek clues on whether opec will replace iranian output. the u.s. president has pressure the group to lower prices. donald trump tweeted that opec must get prices down now. it comes as the group heads to algeria for a meeting this weekend. joining us now is will kennedy, managing editor for energy and commodities. donald trump wants to run opec. what do they think about that? can trump tell the saudi's and their friends what to do? >> donald trump's tweets are becoming part of every opec meeting. saudi's are walking a difficult line. they do n

the last year in that information technology index, have also had tremendous gains like adobe looking for market leadership like credit suisse was saying into next year >> that's where we are we'll see what the afternoon brings of course kimball musk on at 4:00 let's get to "the half." >>> i'm scott wapner is the market sending mixed messages to investors? if the data is so good, the economy so strong, why are defensive sectors leading lately what does it say about the strength of the rally? it's 12:00, noon, and this is "the halftime report." >>> amazon on the move as well as several other big nasdaq names. is this your chance to get in? >>> plus, you don't want to leave home without this. call it a day t. could make you big money. >>> and larry kudlow at a speech at the new york market club. "the halftime report" starts now. >>> all right. welcome. here to debate and trade the biggest stories of the day we are joined this hour by joe terranova, jim lebenthal, steve weiss, and shannon is with us from boston private wealth good to have her with us today let's begin with stocks, trying

el consulado de mÉxico en san francisco presenta es la campaÑa en breve donde la violencia y adobes tica para tratar de evitar que la gente te conduzca esta campaÑa es importante, estÁ circo blando en es paÑol y va a aparecer en algo autobuses de la ciudad de san francisco y tambiÉn las ganas yendo en compaÑÍa de autoridades de la ciudad y donde dice que el maltrato familiar un delito y tambiÉn es la tratando de des irle a la gente de que hay herramientas para prevenir este problema diga por quÉ es tan importante esta campaÑa esto no solamente es una prioridad, sino que debemos hacer conciencia que todas estas actitudes que se puede manifestar no sean toleradas incluso tenemos que denunciar. >> los perpetradores lo que tienen es que se van a la cÁrcel, por supuesto todo es tiene graves implicaciones en la familia es una gran deuda para la familia mÁs adelante a las 11 tenemos mÁs formaciÓn acerca de esta cam aÑade que como les digo vas curar a lo largo de san fran es una campaÑa de prevenciÓn para la gente latina en general que no conduzca des pues de haber manejado sumido drogas. >>la o

software maker adobe has agreed to buy marquette a.pete against salesforce and oracle. it would be adobe's largest deal ever. coming up, gap wants to close the diversity gap. the ceo tells us he believes he can do well by doing good. this is bloomberg. ♪ ♪ emily: the executive exodus at tesla continues. bloomberg has learned that the leader of global supply management has resigned. he is the fifth senior executive to lead tesla within the span of a few weeks. that coincides with a series of missteps by elon musk. and amazon online pharmacy can lead to the closing of 70,000 brick-and-mortar pharmacies in the united states. this according to a note from bernstein out today. lance wilkes says that small independent pharmacies are likely to be hurt the most. he estimates that by 2027, amazon might have 12% market share in prescriptions. the company bought pillpack over the summer. there is new concern that a two-year surge in demand for memory chips is fading. macron gave a revenue forecast that fell short of estimates. the company said it

they'll be coming in very strongly and they're already lining up your adobe here probably probably for most part tomorrow or shortly before the storm hits. so they'll be in great shape. these are really states that have very, very strong power authorities. [inaudible] -- people who might not have evacuated? >> it's very risky. we've never seen anything quite like this on the east coast at least. if it turns out to be -- you have people that actually fly through the storms. these are very brave people, but they fly through. from what i'm hearing from other sites that they're there seem have not been on the east coast before. so everybody should get out. you have to listen to your local authorities and whether your outlander down land, depending where you are, you have to listen and you have to get out. if they want you to get out because it's going to be impossible to get in there, whether it's law enforcement or fema or anyone else, once this thing hits it will be really, really bad along the coast. anything else? [inaudible] >> well, you shouldn't be talking about that right now becau

there, we are going to sit down with some of the best minds of silicon valley given the arch rival adobe just bought a company that will give it a competitive edge against salesforce no wonder the stock got slammed, maybe adobe had a good reason. we will hear from two gigantic winners for a long time, nike and cintas my take, i expect the numbers to be great whether that sends the stock higher is another story. i like nike going in the quarter. as for cintas, this uniform rental service has blown away the numbers quarter after quarter. i think it remains a fabulous play on resurgence of small business in this country i would buy cintas at the end of the quarter. the federal reserve meets next week and expected to raise the rates by a quarter of a percent. this event is the biggest hurdle you need to wait and see what the fed has to say we have to parse the statement before you buy them. we hear from car max on wednesday morning, isn't this interesting, the used car market is robust. it is not all sunshine and roses, bed bath and beyond reports after the close, and people have lost a ton

. >>> shares in adobe ended higher after the company that manages products like photo shop said they would buy marketo in a deal worth 4$4.5 billion adobe says this will help it boost its own cloud-based business the deal should be completed in the fiscal fourth quarter. >>> slightly more lighthearted, a group of british museums is competing with several u.s. hedge funds to buy over 5,000 artifacts from the titanic steamliner they include a bronze cherub and a part of the hull the american company that owns the collection went bankrupt so the objects are up for auction the british consortium has the support of director james cameron. they have until october 5th to make a competing offer of 21$21 million to ensure the auction takes place. get in touch with us on twitter, streetsignseurope@cnbc or tweet me directly at willem marx. >>> coming up, it's a big day for apple fans here's arjun kharpal with more >> i'm inside apple's flagship store in london. after the break, a sneak peek at the biggest smartphone yet and what customers think (vo) gopi has built her business with her own two

if you listen to me on these names, man, you have done well among, let's say, adobe, salesforce.com,, red hat, splunk. they were up 14% trouncing the s&p, 4% over the same period there is one problem with these cloud kings. they are all large they are big established companies. that means they can only grow so rapidly because they are -- you have a lot of large numbers things going here. don't get me wrong i love these stocks and recommend buying them like i told you i feel the same way about red hat. you know what? historically, large established companies are not the ones that produce the biggest moves. if you are on a hunt for a turbo. >> charged rally, look for up and coming cloud companies that are still making their names drum roll, please. i've got them. tonight we're creating a new group. if you want to own a cloud stock in your retirement portfolio, no, you buy one of the cloud kings. but if you feel like taking some additional risk in your speculative "mad money" portfolio, money you can afford to lose, you might want to consider buying a cloud print. the kings are all inte

let's get to alex shoreman with breaking news on adobe. >> sources telling me that adobe is closing in on buying marketing software company marketo. reports surfaced that they were in talks with adobe on a potential sale this could be announced as soon as this afternoon i am told. it should be about a $5 billion deal that's quite a return for private equity term vista equity partners that owns marketo, bought marketo two years ago for $1.8 billion, now turning around and selling it for close to 5, so that's a validation of vista's extras gstrategy to buys marketing software company that runs in the same world as salesforce and workday and so forth. this would be the biggest deal of all time for adobe and it is now over a $100 billion company. >> alex, thank you >>> let's go back and dig deeper into what is fueling the rally and why investors for now seem to be putting aside all the risk let's bring in chris zacharelli and ernie cicillia ernie, let me begin with you my note says the market is pretty complacent with the risks of an escalating and prolonged trade war with china why do you

adobe is about 2 2/3 away from its 52-week high you own pay pal? >> we own visa it's one >> you choose to play it that way? why? >> i think again long-term story there, is cash versus digital transaction, pain meds, that's the way of the future. while we are to us, it's everyday affair. the rest of the world, it's not the same so there's still plenty to go there. >> i agree with yana i think that square is, you're in square as well? >> no. >> i think square is, it fits hand in glove with obviously people are dragging the cart and it's visa that they're dragging most of the time these two are great payment plans. that's why i worry a little bill bit about paypal, judge. i'm willing to trade it, but not as hot to buy it >> let me bring this back, guys. i completely get it. tech is doing great but look at valuation, okay? history tells you everybody is positive on this sector. there's no negative news at all. it's just positive, positive and then -- >> i can come up with some individuals on individual names. >> as a whole, other people buying etfs and

> we want to look at a much smaller name if you look at how much market cap and adobe moved since lasts why we looked at january's expiration and that's why we have these widespread you will want to cover the downside put >> up next, we'll get to your tweets and of course the final call oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ omar, check this out. uh, yeah, i was calling to see if you do laser hair removal. for men. notice that my hips are off the ground. [ engine revving ] and then, i'm gonna pike my hips back into downward dog. [ rhythmic tapping ] hey, the rain stopped. -a bad day on the road still beats a good one off it. -tell me about that dental procedure again! -i can still taste it in my mouth! -progressive he

since it was trading in the 50s and 60 last year remember, this is the same thing that we saw with adobe when they shifted from old-fashioned software mod toll a cloud-based model as a service model. there were speed bumps along the way, but sooner or later that move pays off because embracing the cloud is a better business model. if you started on the cloud like salesforce, you wouldn't even have to worry about the transition ♪ hallelujah sure enough, late last year splunk started reporting extremely positive numbers, and the stock was off to the races there was a little blip in march where investors were concerned about the company's long-term revenue growth but their guidance seemed to be a little tepid but those fears were put to rest the next time splunk reported. then a major decline from 119 down to 96 this had everything to do with the broader sell-off in the fast growing tech stocks. plus, splunk got hit with a downgrade from citi which talked about the company's growth drivers platform plateauing sex to increasing competition. but once again, when splunk reported in late august

gobi'sd bolster a efforts in marketing -- adobe's efforts.is departure came weeks after downgraded tilray, the highflying marijuana stock. soared. online advertising will account for more than half of all u.s. ad sales this year. study. according to a google and facebook are leading the march. flashs your business headlines. you pointed out the fact we are going heavily online with ad sales. romaine: it is amazing how much muchminated by pretty google and facebook. theyine: amazing how much dominate the sector and how much it is hurting old media. joe: it is incredible. it is one of those things where you wonder why the media is so critical these days a big tech. i am just saying. they are saying, taking a lot of the media's lunch. so you kind of wonder. well, i think we have some ads coming up. yearine: coming up, 10 treasury yield hits of magic number. this is bloomberg. ♪ mark: the new york times reports that supreme court nominee brett thenaugh's accuser has told senate just year a committee she would be prepared to testify next week. the

i haven't tried the adobe yet, but just smelling it yet brings back home and a ton of memories. >> the binca is made out of different ingredients, including cheese. but here, we put a twist on it. why not have nutella, rocky road, we have blue berry. we're not just limiting it to just the classic with salted egg and cheese. >> we try to cook food that you don't normally find from filipino food vendors, like the lichon, for example. it's something that it took years to come up with, to perfect, to get the skin just right, the flavor, and it's one of our most popular dishes, and people love it. this, it's kind of me trying to chase a dream that i had for a long time. when i got tired of the corporate world, i decided that i wanted to give it a try and see if people would actually like our food. i think it's a wonderful opportunity for the filipino culture to shine. everybody keeps saying filipino food is the next big thing. i think it's already big, and to have all of us here together, it's just -- it just blows my mind sometimes that there's so many of us bringing -- bringing filipino f

in high school we run them in about 80 different technology companies from facebook to twitter, to adobe to prudential, to microsoft to receisephora. we have about 4,000 clubs in all 50 states. we probably run the largest summer and after school free programs for girls. >> we just mentioned there's been huge success, 15 times the national average for girls who have signed up and done this what happens next? i know you're partnering with some colleges at this point. >> yeah. the thing is i realized we can close the gender gap when you tell them about computer science, they get interested we also know the pipeline is leaky all throughout if you raise your hand and say i'm gust to major in computer science, half of those women will drop out by the time that they graduate. >> why >> part of that is that annoying voice in their head that tells them they're not good enough or smart enough that annoying voice can come from a male college student in your class or a teacher with microaggressions or the fact that you're the only one it's isolating it's really important to build community, to build

the first one is scott, he's the chief product officer at adobe. a great guy. the second person, she is the founder and ceo of the renovation match maker company sweeten. she also started her company from nothing and is one of the fastest growing entrepreneur. >> my company is draed sock. i'm seeking a 10% investment. it's designed specifically but not exclusively for those with twists, colors, braids. they're manufactured with the highest quality materials. this foundational piece conceived primarily for sleep is now the chosen hair protection for restaurant kitchens, landscapers, construction workers and even sports and entertainment personality. offered in four different sizes the dread sock allows for complete protection through every stage of hair growth. the product line includes original designs for head bands, ties, visors and all other kinds of unique accessories. no formal distribution we have built a widespread around the world. >> how many more until we see her? fantastic job. i will take your direct talks and i will give you pens so i need two numb

al mueble y la empece a amasar, despuÉs lo hice con una tablita y la saquÉ.. >> yo tambiÉn hice un adobel Último aÑo. >> increÍble ver el compromiso cuando hablaban esos niÑos con la seguridad y amor que demuestran, estamos ayudando a nuestros padres a reconstruir nuestro hogar. >> la tragedia saca lo mejor de los seres humanos, pero tambiÉn la falta de respuesta de muchos gobiernos saca lo mejor de ellos que quieren ayudar. >> gracias por el tremendo deporte y por poner el adobe de un nuevo dÍa, estamos presentes como debe ser. >> vamos con erika y lo que hay en la zona trending. >> es hora de ver lo que tiene la zona mÁs trending de la televisiÓn. >> ♪ (mÚsica) ♪ >> bueno, les cuento que justin bieber sorprendiÓ a su prometida con una romÁntica serenata al frente del palacio de buckingham en londres, escuchemos un poco de esta hermosa dedicaciÓn. ♪ (mÚsica) ♪ ♪ (mÚsica) ♪ ♪ (mÚsica) ♪ >> ahÍ lo tienen, bueno, mÁs enamorado que nunca, vemos a justin bieber. pero tambiÉn les cuento que el escritor de sÉsamo revelÓ que las marionetas son una pareja gay sin embargo, esto desatÓ una polÉmic

i think this is clearly a takeout candidate if you look how much adobe in market cap moved last weekbox's market cap this is a tuck in sort of acquisition for no shortage of larger software companies. and that's which we looked at january expiration that's why we have the wide spretsds and the put to the down side call to the upside. as it moves to the high 20s you want to cover that downside put and keep that january 30 call on. >> up next get to the tweets and of course, and of course the final call oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. not anymore, td ameritrade lets you trade select securities 24 hours a day, five days a week. that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ (indistthat was awful.tering) why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? w

. >> see the quarter adobe had. >> that does it for us catch us back here 5:00 p.m. monday monday fidelity. open an account today. . ♪ there is something in everything about you. ♪ ♪ baby come back. kayak compares hundreds of travel and airline sites so you can be confident you're getting the right flight at the best price. cheers! kayak. search one and done. and i am a certified arborist for pg&e.ughes i oversee the patrolling of trees near power lines and roots near pipes and underground infrastructure. at pg&e wherever we work, we work hard to protect the environment. getting the job done safely so we can keep the lights on for everybody. because i live here i have a deeper connection to the community. and i want to see the community grow and thrive. every year we work with cities and schools to plant trees in our communities. the environment is there for my kids and future generations. together, we're building a better california. >>> hi there, live from the nasdaq market site times square on this september, friday, the guys getting rrd behind me while they do th

i think this is clearly a takeout candidate if you look how much adobe in market cap moved last weekmarket cap this is a tuck in sort of acquisition for no shortage of larger software companies. and that's which we looked at january expiration that's why we have the wide spreads and the put to the down side call to the upside. to me, as the thing moves to the high 20s, you want to cover that down side put and keep that january 30 call on >> up next we'll get to your tweets, and, of course, the final call oh, and there's the closing bell. (sighs) i hate missing out missing out after hours. >>> options action is response soed by think or swim by td ameritrade . that's amazing. it's a pretty big deal. so i can trade all night long? ♪ ♪ all night long... is that lionel richie? let's reopen the market. mr. richie, would you ring the 24/5 bell? sure can, jim. ♪ trade 24/5, with td ameritrade. ♪ ♪ it is such a good time to dance ♪ ♪ it is such a good time to [ laughing ] ♪ scoobidoo doobidoo ♪ scoobidoo doobidoo [ goose honking ] ♪ [ laughing ] a bad day on the road still beats a good one o

investigations and this person who was the subject of by complaint met with dianne feinstein chairs have adobe as a brain board justice for a one thousand questions ed never came up oh and by the way this thing that i bring up now they've known since july i would be summarily removed from any consideration not because of me to not because we're not believe but it's like this case is old it is stale there is a problem and it is fraught with evidence re problems now if you can't even get a police department to pay attention to you not because of the me to move but now because of women but because the case is just weak and there are real serious pending cases of rape where women remember everything about it you're telling me that yet this holds water holds a weight for a supreme court nominee this is a now i don't die and all hell marry a pathetic attempt and fight in it's a poem it's a political hail mary is what this is all about here you know don again i look at principles and core ideas in the the whole prism. innocence is being destroyed this is a precedent that no matter who your political

jeremy corbin i'm not sure that was an apology and the labor party deny any of those accusations of adobe thank you. now to the gren fell fire tragedy one of the toughest challenges to prime minister tourism a's leadership though she has instituted an inquiry an alleged ultimatum has just been given to survivors joining me is labor councillor from the royal borough of kensington and chelsea. council thanks for coming back on the program let's start with the letter what do you advise grunfeld survivors threatened with losing their council tenancies apparently i've seen text of the letter and i've seen what emma dent called the labor m.p. for kenton to set about it when she wrote to kim taylor smith a climate of fear singing fear and saying it's absolutely disgraceful that these people should be forced to to choose and kim to list with as written but you know he's a deputy for housing and property and he's obviously got the brief for a grand film he said in response to him event code that we will not force anyone to give up their homes against their will and the thirty to the thirtieth of s