emily: what is next for marc benioff? one thing is going to be a lot more philanthropy, a lot more giving. we've built these two great children's hospitals now with oakland and san francisco. and then, i would love to spend more time with entrepreneurs as well. both of those things are highly constrained because i have a day job -- [laughter] emily: right. marc: -- which is running salesforce. and i really love that. i love my job, i love our industry, i love making all these people behind me happy. that's why they come to dreamforce. emily: we have spoken about your mentors. how does marc benioff want to be remembered? marc: well, i hope that if i, as i mentioned, if i leave anything behind, it's not just cloud computing or crm or the democratization of enterprise software, but that it's -- you know, that the true joy of life comes through giving. and that you can be in business, you can be the ceo, you can have a great company, and that can be one of the greatest vehicles for giving that you will ever have. so use that

benioff was at the conference yesterday. emily: -- and benioff were at the same ceo summit earlier this week. brent: a lot of ceo's share the same view that he is doing the right thing. i do not believe that mark would come to these things if he did not believe in what they were doing culturally and directly, it makes sense. emily: hp, sap, ibm. cory: they are two companies that are similar businesses which is slinging hardware selling services, and selling a good chunk of software. in both cases you have companies that say we want to be in the software world. so hp is going for the split of the company. there is in no way they could do a split of the company and do an acquisition. they cannot afford an acquisition like this anyway unless it will be compaq where it is issuing equity. a marriage of equals. that is hard to imagine happening but it would help them grow topline or at least not shrink topline. i think ibm is interesting. this is a world of speculation. when you look at ibm, ibm was a company that talked endlessly

. ->> they would have to acquire mark benioff.oes he want to be a vice president of a huge company after running salesforce? emily: it doesn't seem like he would want to do that. >> the choices are that he wants to step away from salesforce and go into politics or philanthropy , or he would go to oracle to be a successor to larry ellison. i'll>> our sources have told us that talks are dying down. what do you make of that? >> it would be super expensive. it would be the biggest deal we would have seen. if you're one of those three players and someone is considering doing it all of a sudden you need to consider whether you should. it would totally change the competitive landscape. if you are microsoft and google is contemplating buying salesforce you've got to be all over that and figure out what it means for your business. the same thing for oracle. emily: what's going to mark benioff's head right now? how much of a distraction is this talk? kevin: it is a distraction. i just think it's a very unlikely transaction. until this happe

i wonder what's going to mark , benioff's head right now? how much of a distraction is this talk?hat does he do? kevin: it is a distraction. if you're going to sell a company for $60 billion, it's not a terrible thing. i just think it's a very unlikely transaction. until this happens, we have to put the odds at very small. it's just so big for those large companies. nobody wants to make a $60 billion mistake. we have seen many acquisitions go badly. those are not the type of typical transactions that google does. a double-click or youtube or even an android, in some ways they bought core technology early on and build it from there. i think it is not very likely. emily: on that note, bill mcdermott said that you don't buy companies where prices are going to drop and revenue will be under pressure in the future. corey you have always been , beating on salesforce. what do you think of that statement? cory: i am always loving salesforce. it is not growing like it used to. in the latter stages of growth they have been fueled by bigger acquisitions. this is a company that has grown late

emily: from a leadership perspective, we saw marc benioff. is there a changing of the guard happening? mark: i think it is possible that actually nothing changed at oracle. [laughter] i think that might have had to do with the number of papers that larry has to sign. the number of meetings he has to go to. but he does still have -- product development still works for larry. it will be similar for quite a while. emily: how do you see the digital payments and mobile payments race playing out? mark: what we see from our standpoint is, it is by far the most innovative and radical thing. it's the thing that will have a big impact over 20 years. apple pay is the thing that will have an impact on the next three years. and the combination of those two is going to cause enormous change. ♪ emily: let's talk about the next generation. you recently sounded the alarm about startups. another tweet storm. there are a few here, so bear with me. new founders in the last 10 years have only been in the environment where money is always easy to raise in higher v

marc benioff in the audience listening to nadella's keynote. we also know nadella has made cloud front and foulke kus part of microsoft's strategy. it's on a $6 billion run rate. interesting news here guys. back to you. >> no doubt. there was talk about the size of a potential deal that it would be the biggest technology deal of not only this year but i believe in some time maybe in the lives of salesforce. people were throwing around a 50 billion, $60 billion number at the time. the stock has resumed trading now after that halt. it is up by 5%. >> josh are you still with us? there are only a handful as we've been reporting, of companies that could actually make this deal happen. oracle was one of them microsoft was another name that came up. just in terms of the sheer size. >> yes, you were looking, according to analysts at evercore, they crunched the numbers, you were looking at anywhere between 55 billion, maybe as high as 64 billion. to your point, sara there are very few companies that could do that kind of deal. oracle was a name that was

mark benioff has been adamant that tech companies need to do more. what do you think?i think that is basically -- that is basically right. i think that is basically true. a lot of the new startups are brand-new. but a big part of this is what the big companies do. and the sort of maturation of companies when they go from being startups to being big companies, they got to step up on their responsibilities. i think that is a big deal. >> what about inclusion and diversity, something else that you and laura have been giving to? why is inclusion important in silicon valley? >> i believe tech is inherently inclusionary. tech wants to bring people in. tech wants to include as many people as possible. the reason i am so confident about that is because of the incredible coverage that -- incredible people in silicon valley from the incredible number of countries. the challenge is, we are still underrepresented when it comes especially to women, and then in the u.s. when it comes to african-americans and latinos. >> should women ask for raises if they think they deserve one? [la

marc benioff, founder of salesforce, has transformed the way businesses do business.and a new model for philanthropy along the way. he launched his career at apple under steve jobs, became a star salesman at oracle under larry ellison, then went on to start what's now one of oracle's biggest competitors. joining me today on this special edition of "studio 1.0" from dreamforce 2014, salesforce ceo and chairman marc benioff. marc: always great to be with you. emily: so great to be here a

was it oracle microsoft giving that relationship between adele and benioff. was it ibm?tock, as more reports have come out, that that talk has cooled the stock was off heading into this report about 5% since the headlines first crossed. a lot of interest on that call about what benioff will tell us. >> even after hours, a positive reaction to earnings on their own, up 3% on that report. josh, thank you. we'll let you go. be sure to catch salesforce ceo marc benioff on "mad money" tonight to discuss these results and the takeover speculation. that starts at 6:00 p.m. eastern time. we leave it right there for the time being. unless, jack do you want to react to the salesforce results before we have to go? >> i'd love to really quickly. i'm actually very impressed right here. now we can focus on the fundamentals of this company finally. going into this they had to deal with a lot of things. m & a certainly bid up the price. everyone was saying the up side is limited. this is a great beat for the company. there is fundamental strength in this business. i would love it if we

marc benioff of "salesforce" was a friend. >> for me personally what i saw was an incredible human being that showed me what it was like to be a father and husband, what it was like to be a friend. but also, what it was like to be a successful ceo. >> facebook's ceo mark zuckerberg called goldbergian amazing person and goldberg's brother robert asked people to celebrate his life by celebrating his life by posting memories on his facebook page. >>> today the future of youth soccer fields which the 49ers want to pave over for parking will be the subject of a city council meeting in santa clara. the 49ers have offered the city $15 million plus 70% of parking revenues and a $5 surcharge per car but critics say that undervalues the land by millions. the mayor says it's a turning point for negotiations. >>> today the former arkansas governor mike huckabee is running for president again. he lost the republican nomination in 2008. then he won the iowa caucus and six primaries. but eventually he ran out of cash. this time the support he has already established among conservatives and evangelicals

and mark benioff is one of the greatest salespeople of our generation.nd if i were he, i would, if somebody steps up with a number -- i think the shortest unit of time in the universe should be how long it takes them to say yes. >> are salesforce investors going to go for that if it's anything short of $70 billion after this quarter? he's got to convince them after saying he sees his way, the fastest company to $10 billion in sales, all of a sudden, i want to sell it for seven times that number. >> if i were he, that's what i would do. >> and if you believe you're late in the cycle you would probably do it as a shareholder, too. >> i think we know if the shareholders are given a chance to vote. they'll take the cash. >> speaking of cash, we're watching mcdonald's closely today. shareholder meeting in oak brook, illinois. not without it's share of drama. our kate rodgers is watching that. >> we're bringing you the news. the shareholder meet something still under way we have a major victory for shareholders of mcdonald's this morning in a preliminary vote

it's benioff. marc benioff said don't talk to me until we get to $10 billion in revenue, most will be taken from competitors. and when we burn sap. a lot of guys bury the best joke. i'm going to give it to you. it was his last line in the conference call. he says you are going to see 52 sales force demo situations. they should try writing some software. they took coca-cola german which is one of the best. in the conference call they talked about major accounts they took from sap. this is a war. they made the joke there was someone from walmart, maybe it will be finished the implementation in my lifetime. they pulled that quote. the top ten reasons not to use sap, right here in this document. >> he could not hide profitability. how could they do the number? here's the thing you need to know about sales force. $6 billion in unbilled revenues. it's not going to be hard to get to this $7 billion run rate. they cut back the options. they are no longer going to be giving as much to the customers to the p

katie: one reason it would be hard for them to acquire salesforce is they would have to acquire mark benioffnd if he wants to be vice president of a huge company after running salesforce for so long in that market cap company. emily: it does the scene that he would want to do something like that. katie: exactly. that he would go to oracle perhaps to be a successor to larry ellison? a lot of people said that that was a company that needed a succession plan. emily: partisans are telling us the parties are leaning back from the table. what you make a back? pat: it is to breaks -- make of that? pat: it is super expensive and ask sort of situation where if you are one of those three players and someone is considering doing it? suddenly you need to consider whether you should right? it would totally change the competitive landscape. if you are microsoft and google is contemplating buying salesforce you have got to be all over that and figure out what it means for your business. emily: back in the day you sold a company called double click to google. how much of a distraction is all of this? kevin:

of salesforce.com marcwa benioff was a friend.in >> by far the biggest loss since steve jobs. >> good morning. >> reporter: a beloved and successful entrepreneur who pioneered how music is distributed online. goldberg died friday while on a family vacation at a mexican resort. local authorities say his h brother, robert, found him next to a treadmill.ay they say goldberg apparently slipped and fell and died of severe head trauma and blood loss. his death serves as a reminder that over 50 million people in the u.s. use treadmills, and over 24,000 visited the emergency room due to injurieslt in 2014, although treadmillxt deaths are extremely rare. since his death, the tributes have poured in online. president obama wrote on facebook, "his love for his family was a joy to behold, and his example as a husband and father was something we could all learn from." goldberg's wife, sheryl sandberg, replied, "thank you,rack president barack obama, for this beautiful tribute and for your friendship to our family." today, she changed the background picture on her profile page to an image of her an

. >> reporter: sales for ceo force mark benioff was a friend. >> he showed me what it was like to beer, friend and also a successful ceo. >> reporter: tomorrow there will be an invite only memorial at stamford where the men are urged to not wear ties. that's because dave was known for his hatred of ties. we should also mention the four seasons put out a statement that essentially contradicts the mexican authorities that stated that this incident did not happen on its property. live in palo alto, betty yu, kpix5. >> according to the u.s. consumer product safety commission, thousands of people head to the e.r. every year because of exercise equipment injuries. many of those injuries are treadmill-related. >>> at one bay area high school students are learning to focus less on getting a's and more on finding inner peace. they're turning to transdential meditation. this is offered at palo alto high school where expectations are high and tragically lots of students have taken their own lives. >> you're not thinking of all your work. you're not thinking of like all the stuff you have to do

. >> "salesforce" ceo marc benioff a supporter of the arena plan accused the group of misrepresenting the facts. >>> plans for an 18-story apartment complex on harold way in berkeley is also drawing on sir, at issue the view from the campanelli way the berkeley main drag. opponents say the complex would block views of alcatraz and the golden gate bridge. >> it's an important way but i don't think it has to necessarily see the golden gate bridge. you need to have some affordable housing so it's a trade-off. >> this is something we save for future generations. and they can do their building on either side. >> more than 2400 people have responded to an online petition asking the city block the development. >>> a sick sea lion was sick waddling on the streets of san francisco. take a look at the little guy. here he is in the marina. he was so weak he laid down on the curb and crews with the marine mammal center came to the rescue and it turns out they had seen this pup before. they say his name is rubbish. >> he was an animal that was found in santa barbara county in february. there isn't

is uc berkeley's commencement and delivering this keynote speech commencement address is ceo mark beniofftspoken advocate for social justice. he previously served as commencement speaker for alma mater and cal was expecting 4300 graduating seniors in the class of 2015. >>> the warriors scraped and fought and shopped their way to a game four win after suffering two straight losses after the grizzlies. coach steve kerr who won five nba titles as a player said he showed the mental toughness it takes to win a championship. >> if you handle it correctly it elevates your game, you know? you're tested, you realize and you have to get to another level, and i thought we got to another level last night with our competitiveness. >> and we want them to win, right? tip-off tomorrow for game 5 and it is back at fedex forum. you can watch that game on the sister network at 6:30 p.m. and a deciding game 7 would be back at oracle arena on sunday if necessary. >>> now coming up tonight on abc 7 news at 11 clock, some of the world's smartest people are worried that machines with artificial intelligence coul

marc benioff gives a lot away. what do you do? with all the money you have made? most of it is still in linkedin stock. because i am building the world through linkedin. i serve on a number of different nonprofit boards, like kiva and endeavor and do something. i try to finance projects that i think are interesting. emily: are we ever going to see you start something else? another company? reid: probably not. you know, with series a and seed founders, i work pretty closely with them, but there is a long way to go with linkedin still. so i would say that it's unlikely. although, you will see me partnering with a bunch of great young entrepreneurs, and trying to help figure out how to build something big. emily: reid hoffman, thank you so much for joining us. it's has been a pleasure to have you on the show. reid: thank you. ♪ emily: he invented the self driving car, is considered the godfather of artificial intelligence. he cofounded google x, google's innovation laboratory. broadband balloons to connect the internet in the stratosphere. now, thrun is on to his gre

mark benioff, chairman and ceo of software company salesforce was a friend. >> what i saw was an incrediblen being who showed me what it was like to be a father, what it was like to be a husband, what it was like to be a friend, but also what it was like to be a successful c.e.o. >> reporter: goldberg is survived by his mother, his wife and their two children. scott, there will be a memorial service for him tomorrow in california. >> pelley: 47 years old. elaine, thanks very much. for three decades david letterman has been making us laugh, and in a moment we'll take a look back. merica is now the world's number one natural gas producer... and we could soon become number one in oil. because hydraulic fracturing technology is safely recovering lots more oil and natural gas. supporting millions of new jobs. billions in tax revenue... and a new century of american energy security. the new energy superpower? it's red, white and blue. log on to learn more. sunday dinners at my house... it's a full day for me, and i love it. but when i started having back pain my sister had to come help. i don't l

most notably, what would mark benioff do afterwards?t $3 billion or $4 billion added to its market cap. do you think it is now overpriced eschew mark -- overpriced? guest: no. it is still below our price target. it has had a short-term big run and stocks that a big run for the year. we believe that risk factor is nothing happens. you still have upside, but not of magnitude. alix: thank you so much. little skeptical of microsoft and a bid for salesforce. for more, the ceo of integrated device technology joins me rum san francisco. they are the maker behind the 4g lte technology. he basically makes the stuff that goes into servers and network equipment. what do you think about microsoft making a bid for salesforce? guest: this is about the future and expansion of the cloud platform and whether you have apps and whether you have a form on which you can run third party apps and how fast can you grow it before the others have it added? this is a phenomenal market share or time increasing opportunity. the question is whether it is too large,

salesforce ceo marc benioff was said to call the sap chief before sap reported its quarterly earnings last year. talks include the current status of any takeover is unclear. earlier this week, bloomberg reported that salesforce is working with financial advisors to help takeover offers after being opposed by a potential buyer. a person familiar with the matter says this most recent is a company other than sap. we will update you as we learn more. to our lead -- elon musk has unveiled a battery that homes and businesses can use to store electricity. tesla's vision for batteries is expanding way beyond cars. the new offering is called the power wall, a slim lithium-ion battery with an interesting price tag. elon musk: it has all the integrated safety systems thermal controls the a/c to d/c converter. it works very well with solar systems. you can go off grid. you can take your solar panels charts the battery pack and that is all you use. it gives you safety, security. it gives you a complete and affordable solution. the cost of this is $3500. emily: musk has a greater product called the

money for the project is now coming from high tech heavyweights including ron conway and mark benioffributed $5 million. >>> new information about a deadly crash last year involving a tour bus and a fed ex truck. >> checking on the forecast for the holiday weekend. we have a warm up in store. i'll let you know which days are the warmest. >>> the search for a particular mask that has now gone missing. we'll tell you about its roll -- role in san francisco music history. bulldog: mattress discounters memorial day sale ends monday? oh boy! a queen size serta mattress and box spring set for just $397. mattress discounters has the largest selection of memory foam mattresses under one roof! well i'll be... up to $300 off tempur-pedic breeze. and wow! get up to four years interest-free financing on the entire tempur-pedic cloud collection! better hurry! the memorial day sale ends monday. ♪ mattress discounters ♪ >>> a 77-year-old woman who was attacked on mother's day in san francisco unfortunately died today from her injuries. lin luin had just gotten off a bus when she was attacked. police

. >> wouldn't you have loved to be in the negotiations when marc benioff is negotiating with microsofting the price. >> and nadella wouldn't agree to it. >> this may be the only time microsoft ever walked away from a deal because the price is too much. they are renowned for over paying. >> they wanted to pay 55 billion. he wanted 70 billion. >> you remember skype, remember that one? >> where they walked away from the deal. >> they didn't walk away for skype. they ended up paying $8 billion for something that was basically worth nothing. >> given these valuations and the fact that the data is not giving a clear signal nor is the chairman of the federal reserve, where do you find value? >> i don't think -- i mean i think assets are fully priced. that's the essential problem for a lot of investors right now. i think bonds are relatively expensive. i think the stock market is not super crazy but it's not cheap. i think the art market for example, is ridiculously priced. >> don't you go to the stocks because it is least expensive. >> i'm sitting in a lot of cash. that's not atypical of larg

eastern time, marc benioff on "mad money" and strauss zernick.action. >> let's look at cablevision. a stock that closed up 18% but didn't open up that way and it was an opportunity there for option traders who thought this stock had room to go to the upside. today it ended five times average daily volume. it was actually in calls. there was a really interesting trade that took place at 10:00 a.m. this morning when the stock was 22.60. it traded 1,000 of the december 22 calls paying $2.50. that's $250,000 in premium. i want to take you over the one day chart and show you what happened. they bought the calls here for 250 then the stock went up all day. you know what? at 3:30 they sold the calls, 1,000 of them at 380 when the stock was 2475 netting themselves $130,000 profit in about five and a half hours. that's some pretty good trading. when you look at the chart the thing blew out to new all time highs here. but this trader obviously saying, you know what? i had a good entry. i'll take my money on the 18% up to date and move on. >> all cable stoc

. >> "salesforce" ceo marc benioff a supporter of the arena plan accused the group of misrepresenting area football fans have a little hope now that's perhaps the raiders and the 9ers new draft picks will help return the teams back where they belong in the play-offs. oakland's top pick is alabama's amari cooper. the fourth pick overall yesterday. maybe the best player of the draft. an effort to up great the roster of receivers for second year quarterback derek carr. last season with alabama cooper caught 124 passes for more than 1700 yards and 16 touchdowns. this guy is good. as for the 9ers they went big with a top pick a 6'7" 350- pound arik armstead of oregon. he is expected to be a pass rushing specialist but had just 4 sacks in clear college seasons in eugene -- in three seasons in eugene. >>> the first alternate uniform in team history the traditional red and gold but with black as the primary color on the jersey and pants. looks like the helmet is gold. 49ers can wear these new uniforms in up to two games during the 2015 season. >>> time now is 6:53. seaworld getting a hefty fi

. >> i think mark benioff is on tonight with jim cramer. >> that guy is great. >> look forward to thatstraight on exactly what the story is around his company. >>> meantime the euro is down for a third straight day. jackie de angelis at the nymex with more. >> that's exactly right. you know the euro is down again three-week low, because of renewed worries about greece. so jim i know the euro is your favorite subject to talk about. and i'm wondering what you think about it right now. do you think the downward pressure will continue? >> it's the center of my trading universe. the euro versus the dollar. and i don't think the downward pressure is going to continue. when we start reaching into things like wow, renewed pressure on the euro because greece might not pay its bills, are you kidding me? of course greece isn't going to pay its bills unless somebody helps them pay it that's not a new story. to me it's a market position move, we're appropriating the downside of the range. i think it recovers, i think if it settled below 111 and the futures, it will be negative. i'm going to change

i don't know that microsoft would need mark benioff as much.-- i'm not sure they're in that part of the cloud business anyway. oracle does. they go from the bottom of the cloud stack all the way to the top through applications. >> well, isn't it true though that there are a couple other potential bidders and it's been rumored, of course that ibm, maybe even hp which there are rumors that they might like to have mark benioff running the company, but microsoft it strikes me has an issue here and that is they have got their own dynamic crm project. so why would they go acquire salesforce when they'd be going head to head pretty hard at it? >> so the dynamics is a much smaller product. they probably have about 2 million users, so it doesn't really quite have the scale and it's more appropriate for smbs, the small, medium sized companies than the larger enterprises. we ran the merger models on a number of companies a week ago in a report we published, and cisco, you know could be as well, it's a bit of a stretch for them to get into that business. i

. >> reporter: sales force ceo mark benioff spoke about him. >> you have to look at him as an example of a loving father loyal husband and he was always there for everybody. >> reporter: goldberg died while on a family vacation in mexico. local investigators say it was the result of head trauma after he apparently fell off a treadmill. but cbs news has learned that autopsy results suggest goldberg had a heart arrhythmia that may have contributed to his death. >> this is a huge loss for silicon valley by far the biggest loss since steve jobs. >> reporter: at his memorial sandberg said "dave was my rock when i got upset he stayed calm when i was worried he said we'll be okay." i sure could use him right about now. sandberg also said that as heartbroken as she is she's grateful for every minute they had. and if someone told her this day would come just 11 years after they married she still would have walked down that aisle. charlie? >> elaine thanks. >>> presidential candidate hillary clinton is pitching immigration reform in the west. she told high school students in las vegas tuesday t

. >> some of the business leaders that got the project fast tracked include sales force ceomarc beniofforce training and as well as employment opportunities. >> present at the event, dwayne ray that served in the vietnam war. he was homeless for a time after he got out of the army and he said he could have used help back then. >> it was rough for three-and-a- half years, all i saw was killing and you come back here and you try to transition back to being a productive citizen, and fitting in and where i really didn't fit in. >>> because of the private sector funding, this project will get started about a year earlier than expected. the veterans moving in, in 2018. maureen kelly, kron4 news. >>> i just went on to a scary assignment. >>> it is all because drivers are ignoring one particular law. i'll explain in the next edition of people behaving badly. kron4 forecast brought to you by pg&e. >> i séséu

that group claims this would interfere with operations at the benioff children's hospital. >> they arethey are making threats that are -- that they will tie the project up in litigation. >> the mission bay merchants group has launched a petition drive to try to reveal who is opposing the plan. the ceo owns the property where the stadium would be built and calls the plan a win, win, win for the city, the team and ucsf. >>> well, there are new reports a man who was tased yesterday at l.a.x. in los angeles is from the bay area. authorities said he's 21-year- old christian james heinz of danville. officials say heinz ran through a screening area at terminal 6 yesterday morning. airport police tased him. when he refused to cooperate. heinz was booked for charges of treas packing -- trespassing and resisting arrest. >>> do sunscreens work? the answer is no according to to one group. the sunscreen guide says 80% of sunscreens provide inferior sun protection. its researchers tested more than 1700 spf products. the report points to neutrogena as the brant most at fault for -- brand most at faul