i'm one of the owners of adobe books. wasn't prepared to defend myself against the allegations made earlier. basically, we are a volunteer-run co-op because we -- and there is no management, per se. there's a hired -- or an elected board of directors. we don't manage. we make decisions based on the way co-ops work. we -- we're elected by the constituency of the co-op and operate through -- the same way you guys do. we have a certain amount of people needed there and we vote on things. they're either passed or not. as far as ms. kong's allegations that we're exploiting them, we literally have no -- we literally make no money. as far as i can understand, as far as the co-op law works, people that are -- once you become a member of a co-op, you have -- i'm sorry, i wasn't prepared to have to go through this. once you become a member of a co-op, you are an owner and we decide at the end of the year to decide what to do with our money that we've made. we can either take it and put it back into the co-op or we can take that mon

on purchase products which adobe canceled earlier this week on monday adobe e-mailed all addresses on file for venezuelan customers informing the recipients that the company was canceling all licenses for adobe products in minutes while a citing purporting obligation. under an executive order signed by president donald trump adobe initially claimed that they also were barred from giving refunds because the executive order and the software makers interpretation required quote the suspicion of all activity with the entities including no sales service support refunds credit etc now the company says refunds will be offered and received by customers before the end of the month the company also clarified that it now believes that its free product can legally be used in venezuela. because when we return just weeks after the collapse of story british. hopeful workers who were laid off. business association. aerial view on the buyout and much more. as we go to break. the brain does know if you were in the way. when you going to win every time you. liberate you damage it in a way becomes a conc

our experts debate adobe and the rest of the software space next in call of the day >>> plus, john and pete bring you the latest unusual activity in the options market. their latest trades are straight ahe ahead. the alimrert" "hfte powith scott wapner and the traders is back in two minutes ♪ ♪♪ ♪♪ ♪♪ here, hello! starts with -hi!mple... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, shop, discover at your xfinity store today. >>> welcome back adobe is standing out as one of today's dig tech lag garts, down 4%, citi group downgraded the stock from buy to neutral, cut the price target at 313. what do you think about this you bought it. >> yeah, i bought it and i sold calls against it so if it works out i will be into the stock at about 264. hopefully it doesn't work out that way, hopefully the stock goes higher and the calls come back. >> g

adobe had already fallen, but it lost another 14 points since the downgrade.ow, sunk from 303 to 274. what was citi's reasoning for the downgrade sn they think the business may have weaker prospects. as for morgan stanley, they condemned them as too expensive, given that the company needs to boost it's r&d spending to stay ahead of the pack. these were devastating service now reports next week. maybe it can rebut the presumption. final blow, somehow some questioned how he could spend time doing business and promoting his new book "trailblazer" and others didn't like what he had to say about regulation he called for facebook to be broken up. now, at first i didn't think any of this stuff matters. it seemed too petty. but even these minor things took a tool and because he's one of the people who pioneered the concept, anything negative about him tends to tarnish the whole industry, as stupid as that is the cloud stocks, it does not help one bit that there is aggressive insider selling in many of these stocks can tech advance without the cloud sn it would be toug

they had adobe on stage demonstrating adobe creative cloud. is the big guns you bring in when you show something is a full-fledged computer because adobe software tends to be demanding when it comes to productivity and processing power. they said this arm processor runs at 7 watts versus 2 watts usually. they worked with qualcomm to enhance the power of that. microsoft adding its own custom ai engine to that. we'll try to put that through the paces and consider the implications for the whole windows market, not just the surface pro x but also surface neo. they say this version of windows that will go with neonext year, windows 10x will be available to other oems so they can also build dual screen devices. microsoft giving that push to others to innovate on windows design a big risk and big product announcements today from microsoft. >> who's the target customer for this is this for employees and companies and work applications or broader than that f >> for the surface pro x, it's your productivity road warrior office worker who wants something

oh, geeze, look at adobe i mean adobe, some of these companies are really rolling over >> by the way, guys, yesterday i had mentioned we were going to get the proxy on the cbv-viia com deal -- viacom deal. both are down slightly as i can tell it may be the forecast they include in the background of merger and the long back and forth and how viia com viewed -- via kocom viewed cbs. they have their belief hoff what would really happen in terms of showtime, a lot of different things they came up with a 3.14 and a ' 3.7 ebitda it's run through their own model, well below the street forecast for consensus on what cbs' ebitda would be in '20 arouand '21. you know what, add those together for '21 right. we're still at let's call it 7 billion in ebitda for the combined entity on a 19 billion dollar current market cap. >> yeah, but i bought this stock for my charitable trust. >> what's wrong, 13 and 8. so 21 billion. that's three times, three times the earnings >> this is my charitable trust for all that stuff this thing trades like occidental petroleum it does. i'm trying to search for a chak

we know what cisco's guidance was like, a downgrade of adobe today.re ceos going to want to spend more or less >> the budgets will be tight to down so if you're purely selling to the i.t. department, it's a tough realm. >> because >> because their budgets will get squeezed as people get concerned about a recession, et cetera. >> is that what it is? >> secondly you're getting good productivity out of i.t. so they're leveraging that. the key issue and most of the startups i'm involved with, they sell to the technical elite, business elite and ceo level if you're in topics like security, my security startup is growing 200% a year, whether it's detecting what could have been permitted in saudi arabia or a smartphone i showed you guys, it won sole source as dissa, the air force, et cetera. but where the budget is, it's where they want to lead. so if you're only selling to i.t. that's okay the next year or two with people concerned if you're selling business outcomes then things get very good we're looking at probably growth per year of 80% and head count l

service and adobe was down graded today adobe, downgrade had slowing in the commerce offerings which handicapped the company last report but the negative pin action extended to sales force. even though they did shoot the lights out when they last reported we will hear from the chairman later in the show. this sell-off is guilt by association. but there's overlap of the substance of the adobe down grade and sales force. can the rotation last? i don't think it's permanent i don't think so it never is. consider this evening, ibm, and high valued netflix, reported, ibm laid an egg, stock is being savaged after the bell netflix trumped estimates and is roaring in to tomorrow's estimates. they will need to report terrific mark-- terrific growth before the markets forgive them. i think cvs, which owns aetna will put up fabulous numbers in november i know many of you watched last night's democratic presidential debate with elagz -- with elation if you favor redistribution of wealth, and with horror if you don't. both groups put up great performances the bottom line, today's winners are immun

the ones i've been worry about, adobe bay, vmware, salesforce, splunk, twilio, five9, ring central. cloud stocks proved they can bounce. after months of value, even after this evening's amazon shortfall, it spooks up because of its giant dominant web-based service. buying the high quality names right here just keeps them powdered dry in case they get hit once again, and we've got a 2016 on our hands and not a 2018 one. drew in texas, drew? >> caller: hey, jim. how you doing? >> drew, i couldn't be better. how about you? >> caller: i'm doing well. i got a question for you today you talked about the stock a decent amount. i got new news a couple of woks ago. iae court, they're planning on spinning off match group i wanted to get your thoughts. >> i think it's an incredibly inexpensive stock. i've always been a barry diller fan. we always cheer it and suggest that you buy some, and boy am i ever not giving up on it by now. i know people were down when they did the match oh, this thing sells at an incredibly cheap multiable i'm a buyer. call me a buyer. i want to go to patrick in pennsy

>> no, it is like adobe versus sales force. adobe is lined up with microsoft. with -- there are really big schisms even two years ago, no one thought about these things people willing to fund the enemy by using amazon web services, it is so cheap. >> no longer. >> no longer >> got to pick your appropriate partner, so to speak >> these are the biggest stories out there. they're not talking necessarily about -- look, everyone is talking about warren and whether she would break up companies that's the biggest fear for a lot of people out there. she's not allayed that fear, from what i can tell. >> we refer to it as though the president would be in a position to do that well, last i still like to believe is there are actual laws, you have to make a case. you have to win in order to do that president can't just decree, even this one. >> i can play your game. two can play your game >> speaking of -- >> see what it is like. >> it is frustrating. >> today's first monday in october. u.s. supreme court declines to hear cases involving dominos, amazon, a wage dispute, app

i don't know let's see what the adobe numbers are.dobe keeps track of all commerce, keeping e-com. i think e-com is harder to track. there are so many different i was and outlets that companies that you buy things from, when you look at -- it is almost like that's a mall number mall number plus club. look at target, look at walmart, look at amazon, look at costco, look at home depot, you're seeing spending, the best in years. why is that -- how can you -- >> those are, you know, market share dynamics, potentially at work we were doing prints of . of .4, .5, .8, all summer long. >> i know that there is a propensity to believe that what you saw last night, what you see in the papers is cutting back spending, but jpmorgan had an exceptional number yesterday for consumer spending and talking about, you know, a gigantic -- talking about, like, gigantic amount of consumer spend goldman not as important but goldman had tremendous numbers on the credit card they would argue they're a big factor, not -- wealth spending was pretty darn good cit

people in venezuela exploring piracy work-arounds to continue using adobe. photo shop and other products are widely used by designers and illustrators in digital marketers. creative professionals in the country took to social media to protest. adobe said its software will stop working in venezuela later this morning. >>> fires are burning out of control in southern california. homes burning overnight, highways shutting down. people frantically fleeing parts of the san fernando valley. we'll take you there with live pictures and reports, along with new accounts from evacuees. >>> we pay for their mistakes! >> growing backlash against pg&e as more power does return to the bay area. the new admission about what executives were doing before the shutoffs. >>> plus calming down, as winds blow in southern california, temperatures drop, a live look in san jose as well. kari just updated her forecast for her, so the weekend is ahead, "today in the bay" continues right now. we all need a little weekend. and some power, that would be nice, too. good morning to you and

on the downside, adobe and salesforce are lower as adobe is cut at citigroup to a neutral from a by analysts saying there is poor visibility. that software company is creating a little headwind for the software space overall. classes, aross asset mixed picture. investors are looking for bigger clues around earnings season and perhaps headlines around trade and brexit. the yen is flat, bonds are rallying slightly, brent crude up 1% on the inventory report, and bitcoin down sharply below the 8000 mark on negative headlines. vonnie: abigail doolittle, thank you for that synopsis. remember your dtv function on the bloomberg allows you to browse all of these. you can even save your favorites for future reference. this is bloomberg. vonnie: live from new york, i'm vonnie quinn. guy: from london, i'm guy johnson. this is the european close on "bloomberg markets." erdogansh president says he will meet with vice president mike pence and mike pompeo. they are coming to turkey to look for a cease-fire in northern syria. earlier, erdogan said he would only meet with president trump. meanwhile, the turki

sindicato dijeron que dejarán de protestar hasta previo aviso los empleados trabajan y la compañía adobeilizan en edición digital >>> en china la cámara de un vehículo captó el colapso de los vehículos que estaban bajo la estructura y quedan atrapados en los escombros hicieron todo lo posible por salvar las víctimas y remover los automóviles que se encontraban en la parte superior del puente y el campeón de béisbol o de boxeo se encuentra en condición seria después de es trillar su carro ferrari en dallas una cámara de seguridad captó el momento del accidente la policía indica que él de 26 años conducía a exceso de velocidad y no llevaba puesto el cinturón de seguridad >> en los estados unidos aprueban el primer tratamiento contra el cáncer sepa de qué se trata regresamos en minutos no se vaya >> ♪(música) >> 12:15 p.m. e inició la nasa para investigar la atmósfera superior en las imágenes se puede ver la icónica nave espacial dicho cohete tiene la misión de mandar información sobre la ion o cera que es la capa de la atmósfera terrestre esta misión de más de 250 millones se retrasó por m

in tech ad adobe, same kind of model that microsoft is operating right nono now. i can't say enough of the new analyst gets it. >> he's not new. he's been in the industry for a very long time >> new to jefferyiejefferies. dividend yield buys back a lot of their stock they got azure they're in the right places. >> they're still winning >> the only thing is it is not cheap. >> they're doing it right up there in the mid size city of pacific northwest. >> look at how fast they went on top of the slack >> somebody comes in and they go in the business with them and they beat them right away. >> that same call they downgraded oracle. well, option bulls is betting on energy and gold. jon and pete has new trades just for you coming up. we are one month away from a special "halftime report" in honor of veterans' day if you are veteran or part of a military family, e-mail your name and phone number to veterantickets @cnbc.com >> "halftime report" is back after this plants capture co2. what if other kinds of plants captured it too? if these industrial plants had technology th

actividades reconocen 13 muertos, seaunqoÍa lugar donde quedaron los cuerpos de nicolÁs y jorge, sin adobenido, pues se recibe la pena de nueve aÑos. >> y el presidente otra vez cuestionado por liberar a ovidio guzmÁn. >> se considera que se cometiÓ un ilÍcito de mi parte, que se proceda. >> mientras los patrullajes militares siguen. ademÁs de proteger a los ciudadanos, buscan a los 47 presos que fueron liberados por los desconocidos, entre los que hay ladrones, asesinos, narcotraficantes. de ellos y de cientos de hombres armados que colapsaron la ciudad. nadie sabe nadaÓn. patricia: pasamos a estados unidos. los incendios forestalesno dan tregua en california. en el sur cientos de bomberos tratan de apagar las llamas que han obligado la evacuaciÓn de vecindarios enteros en el norte. mÁs de 200,000 usuarios podrÁn quedar sin electricidad si la compaÑÍa pge decide volver a implementar apagones opresivos. >> mientras en el sur de california lo peor del incendio parece estar bajo control se puede amenaza residencias y consumir mÁs de 40 acres, norte del estado se prepara para dÍas de alto rie

adobe is steven's last-chance trade.al break we are going to take before the close meantime, we'll bring you uninterrupted coverage of the final minutes of trade when we take you inside the market zone. that is coming up next on the "closing bell. ♪ ♪ ♪ takin' it off road station ted! goiwagon, eh?ip, huh? you know it's an suv! your family is duckin' and rollin'... while we stowin' and goin' but that's cool, i know for a fact your suv does not suck. and why is that? it aint got that vacuum in the back, whoo! sucking stuff up! what else are we gonna find? we got to go. vacuum in the back, hallelujah! get 0% financing for 60 months plus $2,250 total bonus cash on the 2019 chrysler pacifica. here, hello! starts with -hi!mple... how can i help? a data plan for everyone. everyone? everyone. let's send to everyone! [ camera clicking ] wifi up there? -ahhh. sure, why not? how'd he get out?! a camera might figure it out. that was easy! glad i could help. at xfinity, we're here to make life simple. easy. awesome. so come ask, sho

look at software look at services look at adobe. now, a day like today you have adobe and you've got those software names coming back, once again. i like that scenario >> can i add something there i think this is critical >> yeah. >> we use absolute numbers it's important to look at what we're comparing things to. you broke a record in buybacks in 2015. came close in 2018 so, if we're down 20% this year, that would put us at the third best year for buybacks ever. so, yeah, it's down. but buybacks are not going away and you know why, because companies are still generating insane amounts of cash and don't have great ideas with what to do with it else where and -- it's possible and rates are not going up for obvious reason >> if they don't go away, and it's important to point out. >> but if you can no longer count on that trend and the magnitude that you have. >> let me make this point. i sat yesterday and spent the morning with campbell harvey the godfather of the yield curve indicator. in 1986 he figured out that when it inverts you'

various parts of stony road, old adobe, marin county, sausalito and traffic ntplace a be careful as you work your way through there. this is all in the northbay but that will change once phase 2 gets underway. back to you. >>> we are your source for the latest information on the pg&e power shut off. you can find a complete survivor guys, guide at www.kpix.com. >>> people have until october 21 to claim losses related to the wildfires back in 2017 and 2018. the nonprofit fire victims groups say people should file even if they don't have an attorney. details can be worked out after the claims are filed. >> it is a david versus goliath fight we have been covering all year. 10 atomic control trying to hang onto their apartments. constant rent increases to pay for it all. the board of supervisors is asking to crackdown on san francisco's largest landlord. >> it is clear that this is a big issue and not just a few tenants that are dealing with this and not just a few buildings. it is neighborhoods. >> we were at the rent board commissioners last night and we will have the latest at 11:00. >>>

areas mostly affected will be 121, 29 and 221, santa rosa seeing lots old adobe so look out for that. if you're traveling to marin county or your plan to, closures as well in areas of sausalito. there are four way stop set up as well and traffic is slow around those areas. >>> the threat of outages almost close the caldecott tunnel. kpix 5 done for . >>> caltrans said if the power were to go out the caldecott tunnel would be closed. and now they have said they resolve the issues in the tunnel will remain open. three generators are in place and will keep the tunnel running. it was looking like the commuter meltdown when caltrans announced that tunnel may have to close. people were asking why it did not already have a backup generator. >> we built this tunnel we had redundant power sources. it was coming from the contra costa side and we had a power source coming from the alameda county side. >> he signed an emergency directors order for the permanent generator costing $6 million. >> having a third redundant system will help us to ensure that the caldecott tunnel remains open at all tim

petaluma adobe, jack london park and sugarloaf ridge near kenwood all are closed. some other state parks are partially closed and that includes angel island but there is no ferry service available. china camp, opened only for use during the day, with samuel p taylor in lagunitas and some alice bay with the power off and both those locations. >>> governor newsom is visiting with first responders on the front line of the fire in sonoma county. >> this cannot be the new normal. we cannot absorb this year after year. we've experienced 10 of the worst fire seasons in california history just since 2015. >>> at the fairgrounds and sonoma county, the governor met with evacuees and firefighters were thanked for their work. cal fire responded to 330 wildfires in a 24 hour period over the weekend. >>> governor newsom launched a new blue state website called response.pa.gov. it has tools and resources if you've been impacted by wildfires as well as information on the power shutoffs and the website combines local and state resources, health services, shelters and housing inform

you know chris >> no, but i give a shout uout to the other jetsons >> adobe it's been beaten up hard recently is now a good time to buy? >> i bought it a little early. i don't know why this stock is up so aggressively today i'm short calls on the other side that looked great until today, but that's fine. it's protection. so yes, i would buy adobe here maybe when the spike isn't great, but expectations have been set low. >> hot shot, do you have a favorite jetson? >> astro >> astro >> all right sorry i asked. >> is not george not jane >> his wife. >> rosy, the maid. >> been a while. the consumerer from daniel in south carolina, been in the xly. love the upside. do you think it makes sense to buy the slp. >> we increased our staples exposure in may. i would not be a buyer at this point. our base case is that the consume r remains resilient. interest rates move higher that would be more favor bable for a consumer discreche nair. >>> coming up, it's a red hot semistock. we'll do it in the call of the day and of course final trades i'm embarrassed to even say i felt like i was going to sp

i haven't tried the adobe yet, but just smelling it yet brings back home and a ton of memories. >> thes 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 food to t

inside story or you can tweet me i'm at peace don't be one for me peace adobe and the entire team here in doha bye bye for now i will see you very soon of. new yorkers are very receptive to al jazeera because it is such an international city they're very interested in that global perspective that al jazeera provides for you protesting about how does this in question whether online life face minstrelsy up directly out of trance like it's playful or if you join us on sand this is an attack on academic freedom and on our ability to do research and teach freely this is a dialogue myanmar is not making it very welcoming for people to come back everyone has a voice climate change is real 'd the discussion is real and i'm here to talk about the solutions on al-jazeera. if you want to learn what the world might look like very soon got 100 and hungary's in the stream example of the predicament the whole world is going through. soon as mass immigration story we had paunch question is the thing we call jurors and the problems that the culture of that these. cars should suit some raiding dos user

adobe you believe all of them leave the list to slaughter was the killer so that shouldn't even be very proud of your daughter's for sure we'll all be. your lesson trying to deliver practical help to people but i think that's the most important you know as they say you know give a man a fish eats for a day teach a man to fish and he is for life we've got to bring people back to society and show them what to do i mean an i phone today is enough for you to make a living on it so you know something that you can do some people everyone that's homeless could really do something and make some money they just need to know how they need to be taught they need to be integrated back into society and i would and that is what dunn is doing and that's what we're trying to help them tell you. there was a memorable experience for me from your efforts for support the thing that really sticks. i think that i'd one of the best things about doing actually was i was so shocked i've i've never done it before and i think actually big the overall experience that you get from being able to help somebody else i

speech adobe down to about 14 miles per hour. much better through the livermore valley. >>> a live look from treasure island. that is pretty much be the story into the afternoon and evening. because there's the cloud cover's to keep us warm. 46 degrees in santa rosa. 45 in livermore. that water regulating. and temperature change in the last 24 hours. will conduct a much different story. is going to be clear and beautiful. junior this morning. livermore 14 degrees colder. it is also not going to be as breezy. for the most particulate in our current conditions. pretty much that is it. you may pick up a little bit later. the sellers the cancer yesterday as part of this low pressure system that has now moved on the way. this could bring the chance of showers overnight. really only for the northbay. is a slight chance that could be moving in. then there been a change is behind with this high pressure system that will be moving in next week. they will be clear and will all day today. in the afternoon and evening is when the sycophant m

adobe is a company i think is very high quality.n a look at the forward growth attention, i see the scope for upside. >> i want to update viewers on headlines. a german lighting group, apparently it is an constructive amf for a new offer. bain and advent will not pursue an offer further. to private equity companies will not pursue ostrom. -- ostrom. up as much as 3% in frankfurt. us to asia and china. we had a whole new set of have beenat we discussing whether they will or will not take effect in december. curious about what your concerns are for the china economy and how that might bleed into western european economies and affect your holdings. >> i see the main challenge for china being the domestic economy. i look at the credit trends and the domestic industrial production trends and i see nothing but bad news. i am expecting continued relative disappointment. it china's import numbers, i think it will try to take prices lower in order to begin exports. will see continued exported deflation in contrast to high domestic inflation

happening by all moderating along of course about picking up a rifle and knifing civil servant about adobe saying he wanted to decapitate the prime minister when a david comes on the show last year what i'm also going to do for a large we can do what about of the. person i'm not responsible for other people i mean you're chair of the brics a body you actually are responsible for your for us as he's the leader of your party that's how it works otherwise you don't have to be the chair in politics you don't dictate what other people say you don't you have a comment on it let's just be clear do you disagree with the language of rifle and knifing it's not language i would have used why i choose different language that's i live what i'm wondering what is on my own person because there's something wrong with. everybody's different ok so you're ok with that language i'm setting it clear you're ok with everybody's different i would use different language it's fine ok let's bring in our panel here who are waiting patiently to come in jonathan lives is the deputy director of the european think tank b

at adobe. we don't know that and there's no fault in the process. i think this is something we have not seen before and that we aught to cause and consider it's something we haven't seen before. let's see how we deal with this situation and avoid it in the future. maybe it's an outlier case and revisit it at the next round. most of the work has already been done. it's a matter of us doing our due diligence to be fair. >> with the legacy applications we hit all issues up front. you've seen that with all of the applications that we brought before you. we generally ask the businesses if there's anything we need to know, let us know, and we'll talk about that beforehand. if there is an issue and the business did not bring that to us, that is partially their fault. so we need to make sure that we know everything before we do the application. >> let's sort it out. >> clerk: there is a motion to approve the legacy business registry registrations and resolutions as described in the meeting agenda. [ roll call ] vote. >> clerk: motion passes 6-0 with one abs

brains, dev mission who's been mentioned, the community tech network, microsoft, you've heard of them, adobethey all pitched in on the technology side. we appreciate it. there are so many companies and public agencies that have contributed their time, energy, and hard work to making these properties a success. i wish i had time to recognize them all. i can't. time is short. i'm going to name a few, sort of speed recognition. our architects, our general contractors did an amazing job renovating and breathing new life into these communities. thank you. i'm going to repeat a few thanks that came up earlier. from the city and county of san francisco thanks -- [ indiscernible ]. from the john stewart company itself, i want to shout out to our founder and chairman john stewart himself, margaret miller, dan lavine, jenny collins. and our former project manager adam levine who came from east bay to see the fruits of his labors. i want to say hi to many of those who couldn't be here [ indiscernible ] -- thanks to michael mincus and thanks to all the other people who contributed their time and energy

adobe, workday, all moving decisively higher.ment across the trade not only because of but a little bit because of earnings. guy: breaking news while you and i have been talking. a couple of stories. has said to be discussing a $5 billion debt package with lenders. sonali basak joins us with a take on all of this. what do we know? sonali: we know how big the debt .ackage might be $5 billion. it will be a lot more expensive than initially planned for we work. the libor cost will not be enough to make investors in the new debt deal happy. we have the financial times already reporting jp morgan is leading the financing package. other banks may or may not get into this. we will probably see more banks. the financial times has also been reporting that goldman sachs, initially part of the debt package, was not part of the initial talks. romaine: this is a company i am told is running out of cash. this is also a company that was weeks away from an ipo. help me reconcile this and help me understand why lenders are at 4.75to take a chance

tamalpais, petaluma adobe, sugarloaf ridge, some of the bay area parks closed. other state parks are partially closed, including angel island. no ferry service available. china camp, open only for daytime use is closed and samuel p taylor in lagunitas and tomales bay with power off in both locations. >>> 5:11 and in southern california, the getty fire is burning in west los angeles and up next, the mandatory evacuations under way this morning. >>> democratic leaders in washington, d.c. are moving ahead with the impeachment inquiry into president donald trump. new testimony today could help sway the coming vote in the house. >>> good morning. the morning commute will be all right, for the most part. as we look at these bridges and causeways and freeways, they are still light and we will let you know more. >>> why it, now. cold and that is good. everything points to another offshore event and we will take a look. it's been reported that there's a cyberattack on business every 39 seconds. ouch. i don't even want to think about it. comcast business has a solution. w

you will find microsoft, adobe. i think all four of those names will work because i believe in the thesis that right now technology is disrupting and advancing the enterprise component of our economy. we have already done it with the consumer. now we're shifting over a little bit. it's about software. these are names that can't be amazoned. >> those are two great fundamental analysis. it's augmented by the fact that momentum will keep the names going higher. for me as a value investor, i just can't do it on momentum alone. the valuation doesn't support it. that doesn't mean i'm saying sell these at all. it means i have to stay true to my knitting. >> you can only by a roku, for example. >> getting that later. i think it's on tap. >> you opened the door. >> i think the point, though, on companies spending on enterprise software is critical. i mean, this is the one place where companies will continue to spend. they may not go down the traditional investment route. they need to invest and they need to put this on their

adobe is downgraded by city and slack. they're all down today >> the oil market is closing for the day, and let's go to the commodity desk where we will pick up. >> oil prices are closing in the green. global benchmark closing around 59.44. let's talk to century media closing around 53% should encourage economic growth, and demand for oil indications for opec that further oil supplies could be in store. one thing investors are watching today, the weekly inventory numbers in the west they'll be watched in about an hour >> we appreciate it. good to see you. >> gm and the uaw have reached a tentative deal to end the strike if it's approved never a sure thing >> you need two approvals, you need the local leaders, about two of them will be meeting in detroit tomorrow that approval may take 1, 1 1/2 weeks to approve them. here's what this agreement is all about, in terms of what it means for not only general motors, but united autoworkers 9,000 jobs will be retained and/or created general motors will maintain plant flexibility.

large-cap technology names that absolutely i believe you want to allocate towards like an intuit or adobe. i have my apple. i believe in that. amazon, i wish it would come around and start trading well. it's not responding the way you like it to alphabet is coming back. i don't know if it's specifically all faang >> i think it's broader. let me throw out two names one i own. one an opportunity to get in and teledec on the show. earnings report slightly ahead not able to get above 70 month after month after month. once it gets through, you see what happens, the buying pressure all of a sudden shows up that's one put that aside the other one is shopify which falls into the category, scott, that you were talking about, these kind of growth at any price names so shopify has been punished, shopify comes out and report what looks like a good earnings corner and then they make an announcement that they're investing more than people thought look at the bludgeoning. this stock is viable they lost 20% or 30% of market cap already really for no good reason, other than that sentimentship that we're d

tamalpais, and sugarloaf ridge, petaluma adobe and some area parks have been shut down thus far. >>> state parks are affected. some are open with restrictions, angel island, no ferry service and china camp and samuel p taylor in lagunitas and tomales bay but power is off. struck first responders and the north bay are taking a short break to fuel up for the week with the firefight ahead coming up next. everything you need to prep, cook and serve up the season. it feels even better when you find it for less-at ross. yes for less. ok i'll admit. i didn't keep my place as clean as i would like 'cuz i'm way too busy. who's got the time to chase around down dirt, dust and hair? so now, i use heavy duty swiffer sweeper and dusters. for hard-to-reach places, duster makes it easy to clean. it captures dust in one swipe. ha! gotcha! and sweeper heavy duty cloths lock away twice as much dirt and dust. it gets stuff deep in the grooves other tools can miss. y'know what? my place... is a lot cleaner now. stop cleaning. start swiffering. and you get first dibs on that brand... ...at that price? th