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trading in the 50s and 60 last year remember, this is the same thing that we saw with adobe and autodeskifted 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, they shot t

autodesk. salesforce, they are all up 50 or 60% year-to-date. a lot of this is from the same issue. analysts who are raising their price target on this company are saying that the industrywide trends are going to favor the rest. >> thank you. coming up on balance of power, jerry brown joins us to talk about his ambitious plans to get california carbon free in the next 25 years. this is bloomberg. ♪ to rent a movie? showtime. or buy the hottest shows. even here? we've got you covered. now they are all yours. to take on the go. on any screen. bingo! alright! and watch whatever you buy. wherever you are. head to xfinity.com/stream to start watching. simple to rent, easy to buy, awesome to go. from bloomberg world headquarters, welcome to balance of power where the world of politics meets the world of business. we're going now to fayetteville north carolina. london. let's start with fatal, north carolina. can you hear is a can you give us a report? >> i can hear you just fine. so far, the biggest areas of concern are on the far east side to the north end of the coast around new bern. th

autodesk got a big upgrade on lanco'sargets, and e animal health ipo was also well received, it is phonedy eli lilly. wells fargo also announcing they will cut 5-10% jobs over the next three years. data one also had good the u.s. economy, a solid pitcher when it comes to the labor market. that supports what a lot of people are saying. you take away the noise on trade, and this is a market that is being fed by higher fundamentals? su: yes, you can find our library of stocks on the bloomberg gtv library. here, we have divided the comfort index, blue for democrats and red for republicans. you can see that it is increasing jobs data. , job numbers were out on thursday. what we found is that it is really at the lowest we have seen in decades, unemployment is continuing, a robust piece of data to support a recovering labor market. haidi: thank you so much for u, a really robust session in u.s. markets that equities continuing to grind higher. let us take a look at another major story driven optimism particularly here in asia. beijing is planning to cut the average tariff rate across imports fro