i asked marc benioff who do you side with. he wouldn't give me an answer. people in silicon valley may side with cook. you're not going to get a court to make this decision. this has to go to congress. >> the positive is, it has raised this issue to a point where everybody in the country, many people are debating it and thinking about it. that's a positive. >> right. >> simply. you know, it is a debate that is necessary. it's one we've been having for some time. it's only going to be exacerbated by the continued advances in security and/or the need to know. >> but there is a sense, what did i learn at law school, one of the rare things you learn, there is no right to privacy. it's no the in the constitution. there's been a series of decisions that give you the illusion of privacy. you look at me as if -- >> you've said that on day one of this. >> think about it. the fbi listens to -- the nsa listens to everything. >> the right to privacy argument out of a number of other constitutional amendments. >> it's a -- >> there have been rulings by the supreme court

ceo mark benioff always a colorful character stressed the fourth quarter is with a the best the companys ever seen. he's been a little bit dramatic but that's how he feels about the company. they have had the best quarter they have ever had an benioff saying they never expect every single product group, gearingsy, sector to exceed the company's own expectations and that's what happened in this past quarter. he says it's creating, more, quote, phenomenal momentum and, of course, with the cloud being so important to the company here's what mark benover told our own "mad money"'s jim cramer in an exclusive interview coming up about some of the important cloud services, the cloud business model and maybe some of the cloud imposters that are out there. take a listen. >> there's many false clouds out there, and i think you and i know that a real cloud company is a company that has a deferred revenue model, that has a subscription service, that's delivered in multi-tendency and has a customer model built on customer success, and, look, these companies are not focussed in that model and that's

some other guests include metallica, james hatfield, billy joe armstrong and ceo mark benioff. and metallica played at at&t park the night before the big game. >> still ahead, a fresh idea to fight crime and keep kids in school. how one woman is literally planting seeds for their futures. ,,,,,, (scal): good day, m'lady! i am sir-can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! see what spam can! do... at spam.com we need to be ready for my name's scott strenfel and r i'm a meteorologist at pg&e. we make sure that our crews as well as our customers are prepared to how weather may impact their energy. so every single day we're monitoring the weather, and when storm events arise our forecast get crews out ahead of the storm to minimize any outages. during storm season we want our customers to be ready and stay safe. learn how you can be prepared at pge.com/beprepared. together, we're building a better california. let's talk about selection first. when you buy them, you want to ensure you do for yellow all the way around. see this bea

stephanie: marc benioff has been outspoken saying stop avoiding the public market.f you have a lead, go public, get testing. mark: i have been a proponent of that for a long time. what is happening in the market right now -- there is a dearth of high-growth companies. we look at facebook, netflix, google as hypergrowth companies when their hypergrowth is behind them. they are still growing quickly. what is happening now is the hypergrowth in private companies is being bought out by private investors, right? i do not know that uber will accelerate their growth. in their growth rates are probably going to decline. stephanie: and early investors cannot get out. mark: they are stuck. stephanie: when you think about all of your businesses, when you think about what you are most concerned about, what is it? especially being from detroit. dan: the biggest concern is the overreaching power of the federal government and the kinds of things they are doing today that we have never seen before, at least not in my lifetime. it is very disconcerting to businesses. i get calls eve

by the way, you should catch jim cramer's interyew with marc b i benioff.ad been struggling, some instrument concerns, and now we get these models. >>> to transfer over to the application business? or do you go with the workday or the crm? i think the market has told us they're plays for s.a.p. and oracle, to mike's point, until the market decides to go in a different direction, i think you have to take the market's lead. >> one that's very pricey, this is where the company is obviously very solid, but is particularly after this is boundsing in the after-hours. i would be curies to hear about the breakdown of the guidance, what's going on, and when i think about the companies whour out there and what it's going to take for this type of company to again the grown it has, i have some concerns about it. i think a lot of the big companies out there that use salesforce, a lot of the smaller companies that this may know be as much of a fit for. >>> with anedly 82 stock, so you're sees some relief, but the big be you'll get maybe in the call is not just the compet

garvin: of all the miracle medicines and million dollar machines the doctors and nurses at ucsf benioffldren's hospital oakland use to make their patients feel better, volunteer bernie peyton can do them all one better. bernie peyton: so, the first thing we want to do-- garvin: he sees similar results with a single square piece of paper. bernie: i want you to turn it over on the white side. bernie: i say to them, "here's a piece of paper, and all we're going to do is we're going to fold it, and we're going to make something creative and magical." bernie: take your time, that's it. garvin: origami has been part of bernie's life for more than 50 years. and for about just as long, he's known of its power to help patients. bernie: it's tremendously therapeutic. garvin: as a boy, he'd sit at his chronically sick sister's hospital bedside, entertaining her with his creations. bernie: it puts this gigantic smile on their face, but in the meantime, they've forgotten about their pain, they've forgotten about vomiting, they've forgotten about all the things that they're going through, and they've

i have heard that from marc benioff and other people.hasn't given no indication that she is anywhere but yahoo! now. she is a product person through and through. in my conversations with her, i have gotten a strong feeling from her that she believes she can turn this around. she believes that this is not the end of yahoo! she is not going anywhere right now. there are talks of that maybe this isn't the right role for her. maybe she should be choosing products out of a vc firm before they are big because that is really her forte. matt: they are already pretty big with one billion users worldwide. emily chang, she will continue to cover yahoo! from bloomberg west, of course. you don't want to miss this program. up here onater bloomberg television, a special edition of "with all due respect." beckham's up of 5:00 p.m. eastern, don't miss it. have a great day -- that is coming up at 5:00 p.m. eastern, don't miss it. have a great day. ♪ >> 3 p.m. in new york, 4:00 a.m. in hong kong. welcome to bloomberg markets. from bloomberg world headquart

>> benioff has a gigantic world view. here's what happened. benioff, the ceo of sales force, did not have a good relationship with baum. does have a good relationship with sacha nadella who is humble. i know they like each other. the idea that microsoft wants to buy them. if it's for sale, i'm sure this would be one as opposed to oracle, which is ridiculous. i think mark likes running the company. he has the giant power coming. he loves what he's doing. talking about the software. no desire to step down. he's very young man. very young man. but sachan nadella, if he decides to make an $85 bid, i don't know. >> not that that's coming soon. >> there was some -- >> what got me crazy was this t tableau, they took salesforce down. ridiculous. >> we'll talk stop trading with jim. "squawk on the street" will be right back. time for stop tradin what have we got? >> not that -- if you try to put a mosaic together of whether there's a peak in industry, whether it's cell phones, housewares, autos, you look to see what the retailers are doing. mike jackso

marc benioff has been outspoken saying stop avoiding the public market.ad, go public, get testing. mark: i have written a blog post saying that exact same thing. i have been a proponent of that for a long time. a couple of different things. what is happening in the market right now -- there is a dearth of high-growth companies. we look at facebook, netflix google as hypergrowth companies when their hypergrowth is behind them. they are still growing quickly. what is happening now is the hypergrowth in private companies is being bought out by private investors, right? i do not know that uber will accelerate their growth. their growth rates are probably going to decline. stephanie: and early investors cannot get out. mark: they are stuck. stephanie: across all of your businesses, when you think about what you are most concerned about, what is it yet of -- what is it? when you think about what you are most concerned about, what is it? especially being from detroit. you are in a relatively depressed environment. dan: the biggest concern is the overreaching pow

what i earn ed from marc benioff is you have a core business, subscription business that makes it soe shouldn't necessarily think that's light guidance. the guidance point might be obscure in this case versus the street seeing one. you may not be that much of a miss off that. >> if you look at the full year 2017 guidance we took guidance up across the board from a rev perspective. the numbers which is a derivative of the base business is all over the map. we could have done a better job guiding wall street as to the seasonalle ti of the been. we put something in the report to give people more understanding of the seasonality. it was a strong guide for the year. that's what we are focused on. >> that's important. >> we took billings guidance up which is the primary metric. >> good. i didn't want people fooled by that. my understanding is it is good guidance. one last question. people look at the losses and say, wait a second. why do you like work day. i'm looking at you for on oh rating cash flow and free cash flow which is bigger than what i was looking for. correct view? it's a once

. >> so president haney very briefly seller thank benioff that generously and grayish provided ticket for staff teachers and paraprofessionals and administrators to support staff to attend the ma tally can concert this saturday about the super bowl i sunshine had no idea how many a hundred banker but i understand that was a rocking good time and so is it fair to say and mr. benioff for your generosity. >> anybody the next rules committee committee will be february 22nd. >> all right. i have one announcement which we have an exist upcoming events as parents as partner from march 5 from the a.m. to 1:00 p.m. and jean elementary school found outd out as sfgovtv.org as parents as partners this will be awesome information about graduations requirements and how to support your students common core arithmetic and testing i encourage you to attend the parents in the district seeing not other announcements. >> commission we're having a. >> yeah. so we will not be having a students assignment commission meeting this thursday that will be rescheduled for sometime soon the city and school distric

mark benioff gives a lot away. what do you do? with all of the money you have made? stock. i am building the world with linkedin. i serve on a number of different nonprofit boards. like 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 the founders, i work pretty closely with them, but there is a long way to go with linkedin. i would say that is 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 for joining us. it has been a pleasure to have you on the show. reid: thank you. ♪ ♪ >> good afternoon. you are watching bloomberg television. u.s. markets are closed for presidents' day, but let's take a look at how european markets are doing right now. if we look across the board you can see it is green pretty much across the board. up 2.2%.100 the index in germany of 3%. very much risk on here in europe. loo

. >> i'm not sure if you're aware benioff is an active buyer. you see mark cuban buying things. this was sort of interesting to me and you wonder if there's chatter around the neighborhood. when is the lockup, i'm curious. i don't know. >> today. >> it's today. >> 157 million shares or something like that. that's part of the -- how much those folks are going to cash in. >> to your goldman sachs point though, i've seen a number of companies that as the lockup is approaching, they sort of leak out, whatever good news they possibly can to be able to release the locked up shares and the highies price possible. maybe he was sort of -- >> a bunch of conspiracy theorists tonight, aren't we? >> we're doing another show after this. >> it's not a conspiracy. >> peter najarian, twim. can we get a look at that. >> he trimmed up that goat. he looks good. handsome man. >> looks good. >> as we head to break. it's not just twitter and tesla dominating the headlines tonight. take a look at cisco and whole foods both moving lower in the after-hours session. we've got all the headlines and instant

marc benioff has been outspoken saying stop avoiding the public , market. company if you , have a lead, go public, get testing. mark: i have written a blog post saying that exact same thing. i have been a proponent of that for a long time. a couple different things what , is happening in the market right now -- there is a dearth of high-growth companies. now we look at facebook, netflix, google as hypergrowth companies when their hypergrowth is behind them. they are still growing quickly. what is happening now is the hypergrowth in private companies is being bought out by private investors, right? i do not know that uber will accelerate their growth. their growth rates are probably going to decline. stephanie: and early investors cannot get out. mark: they are stuck. stephanie: across all of your businesses, when you think about all of your businesses, when you think about what you are most concerned about, what you are worried about what is it? , especially being from detroit. you are in a relatively depressed environment. dan: the biggest concern is the o

benioff came through.ere is one issue i have, when you look at it from a pe perspective, but forget that for one moment, the growth is extraordinary. they delivered when they had to. the guidance was strong. that's why the stock is up. >> what do you read for the overall enterprise expanse? >> that's why i'm holding on to microsoft. i look at microsoft as a cloud play more than it once was. and i know who they're competing against right now is opposite of that, oracle and sap. but i like microsoft because of the cloud play. >> dominos beat. >> beat in every possible way. the operating margins were extremely impressive. 31.2%, i believe -- >> raise the dividend. >> raise the dividend. the stock is up 16% year to date and screaming higher. they're expanding on the franchise side. so everything good about what domino's is doing. >> i think patrick doyle is on mad money tonight. volley, worst quarterly loss. you're probably not surprised. >> steel is down, right? prices are down. iron ore, major component of s

mark benioff is involved now. couple different reasons to be more excited about it.- what is his actual master plan? is this just an investment or something else right now for him? that i think has to be thought of. >> keep in mind, these guys play hockey teams, pay $2 billion for nba franchises, they don't always invest in everything because of -- i would be a little hesitant to follow billionaires into these types of dalliances because -- >> you're referring to ballmer's investment in twitter, right? >> yeah, i mean, look, listen, ballmer buys the clippers and everyone is, like, he'll never make money on the clippers -- he doesn't want to make money on the clippers. he wants to own the basketball team. >> only a limited number. that's why you want to -- >> that happens. just be careful. >> back to the matters at hand. retail, depots, lowe's, macy's, tjx, all coming up. >> toll brothers, it is important. what is the impact of the financial market volatility on the high end luxury buyer and a lot of revenue from california, economically sensitive and texas, oil. >> s

mark benioff was pleased on the earnings call. >> this is the best quarter we have ever seen.ver expect to see every product route in every jarrell graffiti in every sector of our business exceed our expectations. that's what we saw in the fourth quarter. scarlet: joining us now is the managing director of clsa who upgraded come before the earnings report to a buy. talk about what salesforce is doing correctly. it would appear the company is firing on all cylinders. how can they grow in this environment? >> they are the beneficiaries of real interest among companies in moving to a cloud service provider rather than taking care of technology themselves on premise. complementary product levels that are enabling them to address different uses. their deals are getting bigger because they are moving away from just being a transition technology. helping moving toward companies rethink their business processes. this has a more sustainable business value in that is driving big deals. alix: when will the company make money? they lost $70 million last year. >> they are losing money on a

stephanie: marc benioff has been outspoken saying, stop avoiding the public market.ow to lead, go public. get tested. a blog post saying the exact same thing. i have been a proponent at that level for a long time. dearth of high growth companies. so now we look at facebook, netflix, google as hyper growth companies, when there are growth is behind them. what is happening now, the hyper growth in private companies is being bought out by private investors. i do not know that uber is going to accelerate their growth. stephanie: and early investors can't get out. mark: they are stuck. now with reggae plus, there are different versions -- i am working with different banking groups to say, let's go out and find companies that have $30 million in revenue, 100%-plus annual growth, 10 percent net profit after tax, and find ways to go public, because that accomplishes several things. liquid wayvestors a to invest in hyper growth companies, which i think is great for the market and does not exist right now. it's great for the company going public because the visibility, the liq

worried about sales force guidance, marc benioff. these things are just -- it's so spotty out there. there's a stock you will see, trinity. railcar orders. was it really shocking to people that they would have bad railcar orders? that's -- who uses rails? the numbers are bad. but it's oil. i think that trinity was -- here's a great one. guidance, 2016, eps guidance 200 to 240. people were looking for 365. subpar. >> suboptimal. you mentioned retail. best buy downgraded for the second time in a week. last week it was oppenheimer, today goldman going to neutral. i guess worries on discretionary spending? >> they're not as negative on tvs as they are on cell phones. i was going to buy the 9,000 inch tv. the wife doesn't like that. >> that's a lot of inches. >> the ipad pro. who needs a big tv. best buy, nobody wants to see best buy down anymore. that's the discretionary thing. if it's cell phones that will be a read through. someone will say you have to sell apple again. give me a break. apple is so much cheaper than ibm. i know ibm has

was very honored to announce $25 million already committed to the initiative excludi including from benioffe oakland promise.org to sign up to be a champion and learn how to get involved now i look forward to sitting down with mayor ed lee to talk about the things we're working on together like transportation, raising the minimum wage and public safety i love working with mayor ed lee as well as with sam in 70s the bay area 3 big mayors way recognize never our problems more solutions will be isolated in our city boundary our cities to succeed we need over region to succeed so thank you very much and i enjoy i'll enjoy continuing this conversation (clapping.) >> thank you compare schaaf and mayor ed lee and now welcome our moderator jim of the business times and the author of our i do not like and many questions audience if you have questions if you have a card hold up you're hands jim gardener take it away. >> we'll move on the schedule of the ex parte of program. (laughter) i promise is no shouting on my part but anyway, mayor schaaf i announced a program 17 thousand homes over 4 years the

marc benioff told stephanie that he would hire her in a second. she does not have to worry.and she brought in by shareholders? she was part of the solution when she came. david: the biggest problem is not her getting the next job but what do you do with yahoo!? been inside the company, right now, i would guarantee they are doing one thing, they are not thinking about products, customers, revenue, but they are just consuming organization. matt: you mentioned verizon, private equity, for example, what with verizon do with them? tom: you are talking about a billion people coming to yahoo!, and it is still well trafficked, i still use yahoo! e-mail. do not tell anybody. matt: you do? of people are a lot who do and there is a lot of traffic on that site and there is a wait a buyer could monetize that. see a business where aol and verizon are combined. tim and marissa worked together at google and they go way back and they could try to make these two things work better. david: tim actually wanted to do it you look marissa, but marissa was not interested. tom: they have talked on a

was very honored to announce $25 million already committed to the initiative excludi including from benioffe oakland promise.org to sign up to be a champion and learn how to get involved now i look forward to sitting down with mayor ed lee to talk about the things we're working on together like transportation, raising the minimum wage and public safety i love working with mayor ed lee as well as with sam in 70s the bay area 3 big mayors way recognize never our problems more solutions will be isolated in our city boundary our cities to succeed we need over region to succeed so thank you very much and i enjoy i'll enjoy continuing this conversation (clapping.) >> thank you compare schaaf and mayor ed lee and now welcome our moderator jim of the business times and the author of our i do not like and many questions audience if you have questions if you have a card hold up you're hands jim gardener take it away. >> we'll move on the schedule of the ex parte of program. (laughter) i promise is no shouting on my part but anyway, mayor schaaf i announced a program 17 thousand homes over 4 years the