marc benioff says the window for acquisition is posing.irstll uber's board travis kalanick to resign? first, let's turn to the market selloff for u.s. equities. it biggest slide since october. let's bring in stocks reporter abigail doolittle. a big fella today. cap down -- a big selloff today. tech down 1.5%. reporter: indeed. it was a pretty bad selloff for major averages today. a dayw down the most from standpoint, the worst selloff since the beginning of september. some are saying this is a reversal of the reflation trade. now is the worst sector for the major averages, including the nasdaq. tech was down about 1.5% on the day, but relative to financials, not down as much. what really stands out about the nasdaq having a hit today is when we take a look at the today chart of the nasdaq, yesterday the tech heavy index put in an all-time intraday high. a bit of a reversal. all of the big names yesterday led the declines today including outdoor -- apple, out for that, microsoft. paul sweeney earlier told me he believes this probably has to

cory: i think the benioff news about not doing acquisitions is a huge deal.mpany has been centered on acquisitions a lot for the last couple years. great stuff, thank you. this edition of out of this world. president trump has signed a $19.5 billion authorization bill for nasa. it passed congress and the house unanimously. this will give the agency the objective of the human exploration of mars. it maintains the government's support for the international space nation, the all right in vehicle, and commercial space programs. we catch up with ibm's research director of arvind krishna about blockchain. this is bloomberg. ♪ cory: here's a story we are watching. as if the pc industry doesn't have enough problems, the trump administration has imposed a new rule banning pcs on life from the u.k. -- flights from the u.k. to the middle east. officials say there's no specific threat, but the new rule is what they call evaluating intelligence. the uk's following the suit with a similar restriction. back to the ibm cloud conference in las vegas with caroline hyde. caroli

we caught up with the ceo marc benioff.hen i asked him what ibm wants provide from salesforce that it does not already have? you just moved to san francisco. those crazy hailstorms we had last week -- yeah.ne: yeah, >> we manage the top five companies with salesforce. these companies want to notify customers to put their cars in the garage. we will save them a lot of money and the combination of ibm and salesforce let's is do that. what's and is going to tell the weather, hey, the hail is about to come and we can notify those customers, get that car in the garage. the rest is magic. are a company that built your own products. was it just such easy, low hanging fruit to go with what is already on offer? >> we had technology with salesforce, but is very tightly integrated with our core platform. it has been available to all of our 150,000 salesforce customers all over the world. the opportunity with watson is to bring a general purpose platform that is programmatic so customers can implement our solutions with what watson can

caroline: that was salesforce ceo marc benioff.g up, uber held a conference call this week after a string of scandals that the company and board member arianna huffington says changes must start at the top. more on the details, next. and tech giants around the world are doing everything to avoid being hacked. that includes china's baidu. we will tell you how they are combating hackers, next. this is bloomberg. ♪ ♪ caroline: now it has been quite the week for a uber. in response to continued hr crises, the ride hailing giant held a rare conference call to reporters on tuesday, the aim to provide an update on its efforts to fix an internal culture that has been rocked by a long succession of scandals. which scandals? well there is the exit of jeff jones and three high-level employees. the lawsuit by waymo. of course, the sexual-harassment scandal. >> they sort of advertised it as we are not going to make any news. they said some interesting things. they said they would have a diversity report by the end of the month. eric holder's re

caroline: that was salesforce ceo marc benioff.ing up, uber held a conference call after a string of scandals and arianna huffington says changes must start at the top. all the details, next. tech giants around the world are doing everything to avoid being hacked. that includes china's baidu. this is bloomberg. ♪ caroline: now it has been quite the week for a uber. in response to continued hr crises, the ride hailing giant held a rare conference call to provide an update on its efforts to fix an internal culture rocked by a long succession of scandals, which is scandals? the exit of jeff jones and three high-level employees. wamu.w suit with of course, the sexual-harassment scandal. >> they advertised it as we are not going to make any news. they said they would have a diversity report by the end of the month. eric holder's report on their sexual-harassment problems would be out by april. they made commitments to work on the organization. their hr said they had the cult of an individual and needed to change that. >> they referred t

i've been interviewing mark benioff, the ceo, almost since the show began, and i've been recommendinghis $83 stock since it was trading at $8. when other ceos were dodging the show during the great recession, benioff eagerly sought to tell his story because the software platform, which allows so many companies to improve their customer relations and marketing and now of course a lot of other sides of their companies was growing like a weed. remember, not only was salesforce the quickest enterprise software company across the billion dollar sales threshold, as of this year, it will be the fastest to hit the $10 billion threshold. the company has gone from one that seemed like it was bleeding cash that the shorts were all over to one that is stockpiling cash. when benioff came on last night and talked about a remarkable series of growth figures for a mature company, a fiscal year with 26% growth, deferred revenue of 5.5 billion dlz, booked business on and off the balance sheet of an astounding $14.5 billion, you have to recognize that salesforce has succeeded beyond just about any compa

joining me now is salesforce ceo marc benioff. welcome. >> have you met watson? what's he like?reat. they are happy to be together. >> yes. i love the pairing there. a lot of people know a little bit about watson, a little bit about artificial intelligence. let's say there are salesforce now. ing what this offer them? >> this is a landmark agreement between ibm and salesforce to bring together two amazing technologies. it is very exciting. we just released our spring release of salesforce. all of our customers around the world have einstein built right in to their salesforce implementations. salesforce, einstein is built right into the declarative platform. now we are going to augment that with einstein. i could give you an example if you give me a second. >> please do. >> last night here in san francisco we had unbelievably crazy hailstorms. so we had a hailstorm, gorgeous blue sky, a rainstorm. you know insurance providers want to get to the auto policy holders and say, hey, get your cars in the garage, the hail is coming. watson has the data. what sales force has, we have the

and german executives, including salesforce ceo marc benioff. david gura spoke with him on the phone and asked why it's so important to speak with him directly. >> it was very important for me to go to the white house. i care very deeply about the workforce of the future and what it looks like and i wanted to make sure my views were known and i have this vision of a movie shot -- 5 million apprenticeships in the united states and i wanted to make that crystal clear why a thought it was so important. a company like siemens has done a lot with apprenticeships. why has it not caught on in the u.s.? >> what a great question that is. i've done a lot of research on that. not just germany but switzerland as well, they have these the nominal apprenticeship programs and there's very little daylight between the government and business. they are very aligned to keep unemployment rates very low and they do that to these sophisticated apprenticeship programs. do very things we don't well in the united states. do, we could drive our unemployment rate lower an

benioff. he floated benioff. benioff was floating in that piece. holy cow. >> what about him?in the -- what'd he say the business -- that was a fun piece by jim -- by james b. >> it was. we talked a lot about schultz in the past. we asked him many times. >> i'd like to ask about same store sales. >> you would. you were not particularly pleased with the same store sales. >> no, this current quarter i'm concerned about the same store because of the mosh pit problem, the guys cutting in front of you because of the mobile pay. >> jim harley's having a nice morning. baird is out saying q1 sales are tracking above. >> that's very good because they were tracking below expectations not that long ago. so that's positive. we have a nice market here. i think people feel it's one of those goldilocks numbers. >> right. we were talking about snap just a moment ago. did want to share some research from aegis, cited this data from app tracker earlier in the week and now following up saying they sliced through the data by developed country to see where the strengths and weaknesses are for snap

. >> salesforce by the way is a big investor, marc benioff going to the white house today meeting withand the president, hopefully discussing about what will happen to the displaced workers. >> did you want to hit adobe before the mad dash? >> last night i'm coming home after a hard day's work and sometimes you're just so lucky. you know how there's like a great netflix binge? two nights i binge on the oracle call, last night it was adobe. if you want to do anything creative on the web, it's them. them. and they're recurring revenue here is incredible and creative market, creative cloud, you got to go there. they also keep track of all the retail sales. there isn't anything that this company hasn't lured to. >> you've been positive on the company for quite some time. >> yes. ever since they switched to recurring revenue model -- >> there's a record for all-time highs this year, they have to be in the running. >> yes. >> it's almost like every day. >> this man is a quiet genius, this ceo. and it's an incentive company. your kid knows that. every kid knows how to make something that used

. >> i like the contrast with marc benioff, he has real shareholders.hinking long term he's done well. but if someone were to go to marc benioff say with $56 billion market cap with an $80 billion bid, david, i don't think marc benioff would say, hey, listen, i got -- you can't do this. i'm against it. >> jim, he made it clear on your show when you asked him about it the other night, benioff, that he would hit the bid. seemed to me. if somebody's actually willing to offer that number, seems to me he knows what his shareholders want him to do and he would be willing to do it. the question is will anybody actually be willing to make that kind of a number. >> correct. >> let's get to post eight, which is going to be bob pisani's home for the next couple hours. hey, bob. >> good morning, guys. we are inside as we have been on so many occasions. of course with twitter and with alibaba here. and we are waiting for the stock to open. there are no indications as of yet. it's going to be a little while, but let's talk to the man in charge of ringing the bell alo

benioff been a strong advocate for hiring more women in the tech industry. >>> relations between the united states and russia been icy at least. now the revelation that two russians behind the yahoo cyberattack, only escalated. spoke with the counsel general of the russia federation in moscow. >> innocent until proven guilty in court of law. >> responding to fbi announcement that the agency filed criminal charges against russian intelligence agents and two hackers working for them. fbi says they stole private information from millions of americans after hacking into half a billion yahoo accounts. >> let's not talk about them like criminals. >> counsel general in san francisco would go no further, not even say if russia would hand over the intelligence agents if found guilty. he was adamant though that russia had no influence in the november u.s. elections. >> as far as i know my government approached the u.s. government requesting this evidence and never received anything. >> he's cautiously optimistic under president trump the relationship between the two countries will improve. ins

benioff been a strong advocate for hiring more women in the tech industry. >>> relations between the united states and russia been icy at least. now the revelation that two russians behind the yahoo cyberattack, only escalated. spoke with the counsel general of the russia federation in moscow. >> innocent until proven guilty in court of law. >> responding to fbi announcement that the agency filed criminal charges against russian intelligence agents and two hackers working for them. fbi says they stole private information from millions of americans after hacking into half a billion yahoo accounts. >> let's not talk about them like criminals. >> counsel general in san francisco would go no further, not even say if russia would hand over the intelligence agents if found guilty. he was adamant though that russia had no influence in the november u.s. elections. >> as far as i know my government approached the u.s. government requesting this evidence and never received anything. >> he's cautiously optimistic under president trump the relationship between the two countries will improve. ins

benioff has been a strong advocate for hiring more women in the tech industry. >>> relations between the united states and russia have been icy, to say the least. now with the latest revelation that two russian operatives were behind the yahoo cyber attack, the level of distrust wean the two countries has escalated. lyanne melendez spoke with the consul general of the russian federation? san francisco. >> they're innocent until they're proven guilty in the court of law. >> reporter: that's the russian consul general responding to wednesday's fbi announcement that the agency filed criminal charges against two russian intelligence agents and two hackers who were working for them. the fbi says they stole private information from millions of americans after hacking into half a billion yahoo accounts. >> let's not talk about them like criminals. >> reporter: the consul general in san francisco would go no further, not even to say whether russia would hand over the two intelligence agents if found guilty. he was adamant, though, that russia had no influence in the november u.s. election. >

a rally against it is planned today in oakland outside ucsf benioff children's hospital. >>> and floodictims are asking san jose city leaders why no one at the top could predict all the damage coyote creek could do. this as mayor sam liccardo says residents should have been warned far earlier than they were about flooding. ♪[ music ] >>> thank you, guys. all right. it is 6:57. let's take a look at your roads starting with a major problem own westbound 92 before the toll plaza. the two-car crash has been removed off the road but the damage is done. look at that. you're backed up to 880 from hesperian to clawiter road. if you are traveling on the san mateo bridge here's a live look at the commute into foster city. 30 minutes we 880 and 101. an hour and a half that commute will go down to 20 minutes so give yourself extra time to get through there. 30 minutes between 880 and 101. live look at the bay bridge toll plaza from the maze to downtown, 20 minutes. but looks clear outside, roberta. >> we do have some clear skies coming. we do have mostly cloudy conditions right now. looking out to

benioff has been a strong advocate for hiring more women in the tech industry. >>> relations between the united states and russia have been icy to say the least. know with the revelation that russian operatives were behind the yahoo cyber attack, the level of distrust has >> they are innocent until they are proven guilty in the court of law. >> reporter: that's the russian consul general responding to the fbi's announcement that the agency filed criminal charges against two russian intelligence agents and two hackers who were working for them. the fbi says they stole private information from millions of americans after hacking into half a billion yahoo accounts. >> let's not talk about them like criminals. >> reporter: the consul general in san francisco would go no further, not even to say whether russia would hand over the two intelligence agents if found guilty. he was adamant, though, that russia has no influence in the november u.s. elections. >> as far as i know, my government approached the u.s. government requesting this evidence and we never received anything. >> reporter: h

marc benioff did not feel defrauded. his wife is on the board. lynne is on the board.ooked at the details. maybe there's other stuff we will discover. and i cannot say what else i will discover. i personally went and talked to ali. he didn't have one credible allegation. he suggested i talk to three other people. i talked to those people. emily: do the allegations bother you? do they concern you? vinod: first, every company, anytime they have employees leave, have allegations. sometimes, probably 20%-30% of the time, they are right. 70%-80% of the time, they are just bitterness. we will look into them when they are serious. i won't comment on the specifics. but suffice to say we are always looking. entrepreneurs push the edges. is the buyback relevant? the $77,000 reported, that is completely irrelevant to our investment decision. why is somebody investigating? ask the question. did you know, under a freedom of information request, the american ag board was plotting to destroy hampton creek because the egg industry hated them. unilever sued hampton creek for calling th

very good to cornell financially, and he has been good to others in return, which brings us to ucsf benioffn's hospital oakland and this latest chapter in cornell's life. you see, over the years, cornell has been very generous with his donations to the hospital. cornell: i'd say several hundred thousand dollars. garvin: so many thousands, in fact, in the 1980s the hospital ceo offered cornell a seat on the board of directors. cornell: and i said, "i'm gonna join ya." he said, "great!" but i said, "not as a director, but rather as a volunteer." garvin: turns out, for this part of cornell's life, this is not the type of chair he wanted to sit in. this one-- cornell: shh. garvin: doing this-- cornell: shh. garvin: for them. cornell: shh, i think you're gettin' sleepy. garvin: two days a week for the past 20 years, cornell has been coming to the neonatal intensive care unit at oakland children-- cornell: oh. garvin: volunteering to give premature and sick children doses of the wonderful medicine that is the human touch. cornell: you got a good grip. that's a good grip, very nice. garvin: coming

. >> reporter: this little girl has spent more time inside oakland's benioff's children's hospital than outside. some of her closest friends are the nurses treating her for a rare blood disorder where bone player marrow is unable -- marrow is unable to make blood cells. to distract her from boredom and sometimes pain her mother looked for songs on the internet. that's how leah became a fan of gospel singer manditha. this one video of her singing transformed the pint size sensation that generated more than 1 million views. >> reporter: what do you think made this so popular? >> the world just needed joy right now. >> reporter: leah has survived numerous transplants and surgeries. >> the song is really fitting for her life. >> reporter: little leah's voice has inspider both the sick and healthy who post -- inspired both the sick and healthy who posted comments from around the world. >> one, two, three, we love you, leah! >> reporter: doctors say leah's disease is close to being cured earning her the nickname leah, the overcomer. >> wow. pretty incredible. >> great song, great girl. that's

scarlet: that was caroline hyde speaking to salesforce ceo marc benioff.onference, caroline hyde got a chance to sit down with the ceo of ibm and talk about why she worries about the future of tech talent. in -- any country i go the china development form, we had this discussion. the same concern, the workforce in front of us needs a different set of skills than the workforce behind us. what we are both talking about is here in the united states, how to build -- we have coined them new powers skills. they are not white color, --e-collar that is not white not white collar, blue-collar, but you need a curriculum in technology, and each of you to come whether it is manufacturing, this intersection. china has that challenge as well as every country in the world. whether it is germany, the united states, building this new set of skills. that is something we have been really focused on, something we started several years ago, technology schools, public private partnerships. these are public high schools in conjunction with the community college and they turn int

google has seen some criticism from the likes of marc benioff and others from jumping on the voice bandwagon more like there was a technological wave cresting. .uest: that's a great question for me, it was actually more cultural. i am not an engineer. my background is in music. i saw computers becoming more and more alien. you can think of google glass. tech onre going to put their faces and where it all the time, and it is going to be awesome. i was sitting there saying, no, they are not, and simultaneously you have this moment of beats -- movement of beats, wearing five pounds of plastic on your head and doing it proudly. ights.with we guest: there were these cultural practices happening that silicon valley was not thinking about. we thought there was a coalescing. we use the term wearables, but they don't like it. on bodycheck, truly indispensable computing on your body's. for us, that means we have warned tech in arrears from worn tech in our ears for decades. why not leverage that? cory: inventory drops, they get gross margins, compression, and competition from companies who don't care

at the same time, marc benioff says the window for acquisitions is closing. and

i was speaking to marc benioff yesterday. he thinks the window for m&a might be closing.ou agree? shantanu: we continue to look at m&a. our lens on m&a tends to be do they have great technology, do they have great people, and is the culture aligned with us. if you look at our track record, we are constantly looking for innovative companies. i think there is more innovation that is happening, particularly in digital marketing, where we are the leaders. there have been so many companies that have been formed, a lot of which are not sustainable businesses. we will continue to look at it, but with that lens of making sure there is great technology, like was the case with q mob ile, and great people. caroline: there are companies managing to be born. do you look geographically in silicon valley? shantanu: silicon valley continues to reinvent itself and do a fantastic job. as we know, access to capital and talent is phenomenal in the valley. i would say new york has also been a hub, especially as advertising has been big in new york. we've made a couple of really great acquisit

they are working with people like bill gates, elon musk, marc benioff.seems like they're trying to get good ideas on how to reform specifically the agencies and where they feel there is federal bureaucracy. >> access called a s.w.a.t. team. kayla thank you. >>> we continue our sector series this morning. this time looking at the newly defined sector. landen dowdy joins us. >> the sector is mostly made of real estate trusts. one of the worst performers to date, reits focused on shopping centers dragging down the sector, kimco down 10%. maicerich down almost 10%. and federal reality down 5% to date. and bankruptcies in addition to the continued growth of online retail have increased investors with risk around these companies but is now the time to buy? they're noting that the downside with sentiments with these names, they see visible earnings growth, and corporations strong balance sheets with kimco. and value as a whole. but a lot of value in shifts. indicating that the buy on it could stop including easier comps. peaking interest rates by midyear. and t

cory: google has seen some criticism from the likes of marc benioff and others from jumping on the voicet it seems more like there was a technological wave cresting. guest: that's a great question. for me, it was actually more cultural. i am not an engineer. my background is in film and music. what i saw was computers becoming more and more alien. you can think of google glass. we started the company right in that moment where people were like people are going to put , tech on their faces and where it all the time, and it is going to be awesome. i was sitting there saying, no, they are not. and simultaneously you have this movement of beats, wearing five pounds of plastic on your head and doing it proudly. cory: with weights. they have no audio quality. but they are very expensive. guest: there were these cultural practices happening that silicon valley was not thinking about. they were obviously starting to think about ai invoice, which was a big part of what we were doing. so we thought there was a coalescing. we use the term wearables, but they don't like it. wearables are commoditize

marc benioff said he is optimistic about the new opportunity. >> it's very exciting.just released our spring release of salesforce. all of the customers around the world have einstein built into their salesforce implementations. because salesforce einstein is built into our declarative platform. now we will augment that. >> the new ai services will be available in the second half of 2017. sa shares of salesforce is up 2%. >> einstein and watson, a powerful combination. landon, thank you. >>> top trending stories. jay z's new venture capital firm has arrived. rock nation set to begin funding early stage start-ups through the platform called arrive. the new firm is focusing on investing in start-ups that have a social impact. we knew he was an entrepreneur. >> i love this helps with marketing, branding, something he has an influence on. >> probably not his first go, either. he funded tidal. >>> mercedes is making the world's most expensive suv. the new mabach g sport, a price tag of half a billion. the luxury suv will have designer leather chairs and thermal cup holders

last night sales force marc benioff did speak with jim cramer on "mad money." >> you can see huge wins this quarter with gap, levis, yeti, a lot of amazing companies. and a lot of amazing companies that commerce cloud far exceeded expectations and of course, our marketing cloud. here is a billion dollars business when we acquired it was a few hundred million. that cloud has 450 million users on it. our commerce cloud has 300 million users on it. this is the information that lets us provide more intelligence to our customers to help them be more successful with their customers. >> he also emphasized how they're using artificial intelligence to help businesses, but as i mentioned. shares were wavering after the close. better quarter, down 3%. also a tremendous run up for salesforce. >>> still to come a famed new york city landmark is shutting its doors today. details of that when we come back home on "worldwide exchange." ing in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner

at the same time, marc benioff says the window for acquisitions

it starts at noon outside ucsf benioff children's hospital. >>> the latest jobs report will be released in just about an hour and a half. economists predict a solid growth with nearly 190,000 new jobs added last month. it's the first full month under president trump. during the campaign his administration promised to create 25 million new jobs over the next 10 years. >>> time now 5:08. ♪[ music ] >> if you think storms are bad on earth, wait until you hear what mars is dealing with. we'll show you the new pictures released by nasa. >> down on earth, crazy winds are sweeping other parts of the country. wait until you see what some people are dealing with. >> oh, i want to try that! definitely. sign me up. hi, everybody. good morning! 5:09 on this friday. sure we'll be in the 70s today but i'll show you which day we'll top off in the 80s. >> all right. sounds good, roberta. it's 5:09. traffic looking smooth around the bay area. we do have a mass transit update for you when we come back. don't go anywhere. ♪[ music ] ,, ,,,,,,,,,,,,,,,,,, nasa just released new >>> good morning, 5:12 on th

. >>> happening today, a ucsf benioff children's hospital oakland will host its tenth annual head shavingvent. it's all in good fun. money raised from the event goes to an organization that helps fight against children's cancer. the st. bald rick's foundation has already raised more than $14 million this year alone. the event starts at 9:00 this morning at the children's hospital oakland research institute on martin luther king way in oakland. >>> next on abc7 mornings, at 6:00 a.m., the desperate search for a missing woman will resume in san mateo county today. why the issue of her health is a very big concern. >>> and an armed suspect who forced an entire neighborhood into lockdown is in custody. the medical test that person is undergoing this morning. >>> hey good morning to you, it's saturday march 11, i'm cornell barnard in for chris nguyen. let's start with a quick look at the weather. herer's meteorologist lisa argen. >> we're looking at a little fog through san francisco and napa and santa rosa but otherwise it's all about high pressure bringing spring-like temperatures to the bay

. >>> happening today, ucsf benioff children's hospital oakland will host its tenth annual head shaving it's all in good fun. money raised from the event goes to an organization that helps fight against children's cancer. the st. bald rick's foundation has already raised more than $14 million this year. the event starts at 9:00 this morning at the children's hospital oakland research institute on martin luther king way in oakland. . i think that's an amazing event and it's going to be a great day, shorts and t-shirts all around. >> and if you have to work or busy today, don't worry, we have more of this in the next several days but right now, there is some fog. it's a bit pesky from napa to petaluma. quarter mile visibility there down through half moon bay and right on the golden gate bridge so the forecast today, this is high pressure, fair weather maker, bringing up warm winds, light winds at our local beaches and throughout the day today, 60s and 70s so this will last and if you're headed into the city to enjoy the st. patrick's day parade, low to mid 60s from 11:00 to 2:00 this afte

and the white house has said he's expected to work with executives like tim cook, elon musk, marc benioff gates. walter, i'm wondering, how closely do you expect silicon valley to work with jared kushner? there were eyebrows raised when he was included in meetings with the president, then the president-elect even earlier on, but i guess the white house gets to say this because they have some of these ceos in the past. how do you think this is going to work? >> well, i think it should work. i do think that tech executives whatever they may think of the rest of trump's agenda certainly have to be kind of appalled at the way the federal government is still stuck in sort of 1.0 operating systems. and, you know, people have been trying to do this for years. i mean, i can remember al gore's reinvention of government operations. but the trump administration probably has more of an opportunity because they're willing to kind of blow up the bureaucracy. that's what they really want to do. i think, you know, they should probably stop short of blowing everything up. but there really does need to be

caroline: thank you very much, marc benioff. we will be checking in with you throughout the ibm conference. for now, let's check in on the first word news this afternoon. mark: supreme court nominee neil gorsuch said he would have no problem ruling against any party and that no one is above the law. it a gorsuch called softball question and said he goes through cases "methodically and without any prejudice." from one in the process withime i was contacted expression of interest for potential interview to the time i was nominated, no one in the process asked me for any commitments or promises. this is the secondary of questions for judge gorsuch from the senate judiciary committee. -- the second day of questions. you can watch the hearings on bloomberg.com. the u.k. has joined the u.s. in banning laptops and other electronic devices on airplane on flights from middle eastern countries -- inbound direct flights from turkey, lebanon, jordan, egypt, tunisia and saudi arabia will be affected by the ban on laptops and tablets. phones

you have people like benioff who are interested in health care or sustainable cities or-- i think that the arc is different to technology. i just wanted to disagree with bill slightly because i think that there's a record pierre omador who is at ebay have actually made substantial kind of philanthropic, bill gates also, and have been activists in the foundation world. >> tett: okay so they can try and buy their way into a halo. but i'm curious, bill, having seen wall street go from god to devil, becoming everyone's favorite pinata if you are a politician, do you think that there is a chance of that happening with tech? and if you were running your own massive pr company, what would you be advising all those tech companies to do? >> i think there is a chance that it happens with tech. and it's because of this arc of the narrative, if you will let me go back to that a little bit. because i think regardless of the industry, i think we like to build up these titans of industry. and then when they stumble we like to kind of tear them down and bring 24e78 down. and you know, once it is not a

we're using the cars to protect the bike lanes and that's really great last december we were in marc benioff on the upper east side with the protected bike lanes east and first second and had a planter box with a crosswalk and sign and you'll that stuff and all a member of your sykes on safety first and we voted last month to say in the park we have those accidents last year and collisions last year they built boxes because to block the parking lane sometimes there is none in the parking line and stuff like that to the box is easier narrow down the roadway and slow down people and protect the pedestrians too so those two items thank you very much. >> thank you any more public comment? okay. seeing none now let's move on >> madam chair to item 8 the seeking report i don't see sheryl here per item 9 public comment at this time, members of the public may address the commission on items of interest to the public that are within the subject matter jurisdiction madam chair, i have several people that wish to address you on this matter starting with (calling names). >> good afternoon director brink

that man right there, mark benioff, and they have this philosophy, 111 and donate 1% of its product,s employees' time to charity, and in the past two years, that has meant almost $68 million. [ cheers and applause ] >> yeah, 1%. >> 1%. 111 and they give their employees seven paid days off to donate time to a charity of their choice. seven paid days off to do that kind of charitable work. that's why they're number one. >> my brother used to work for that company. i like number two. ultimate software. weston, florida, based company and they invite kids from nearby special needs schools for holiday parties and include them in their homes and their lives and then they also donate $300 a year to each employee's child to pay for extracurricular activities. >> i love how these companies are doing it. >> the entire list in "people" magazine and support those companies. they're supporting all of us. >> number seven, st. jude. that's -- >> you've done a lot of work with them. >> yeah. [ applause ] >> and someone -- someone i've known a long time close to my heart, as well, he's up right now. h

hello, i'm marc benioff, the ceo of sales force.com.hot for apprenticeships to go to 5 million apprenticeships. all of the ceos here and all over the country have independent work force development programs and we're all doing things independently. you add into that the ngos, k-12 institutions, community colleg s colleges. we create this amaze 5g million apprenticeship dream. we have the opportunity to talk about gender equality and the ability to bring women into the work force and pay women the same as men. thank you very much. >> ladies and gentlemen, my name is klaus rosenfeld. we have an important part of our manufacturing base here in the united states. we have eight plans and three r&d centers. skilg workers is part of our family culture. we have invested since 35 years into dual vocational training according to the german principles. we're happy to continue with this, in particular when it comes to the digital age and the needs of workers at the intersection of mechanics, electronics and i.t. we look forward to the joint opportu

very similar response by the way marc benioff head of salesforce, both saying perhaps corporations canfeels the same way. this is a remarkable company. the stock has been amazing except for this year. and again, my travel trust owns it and i do believe that you have to take a long -- just as he said, you play a long game with starbucks. if they're going to open those stores and hire all those people and people suddenly forget china is doing unbelievable. china is a very important market and will pass the united states in just a few years, i think. bet against howard, bet against ruth porat at google, have some fun. go right ahead. bet against the patriots. that's fine. >> i love it when you dare investors to. >> i want people to -- bet against howard and bet against ruth. bet against all ceos known by their first name. that's aults been a real good one. >> we're going to get stop trading with jim in a moment. dow's in a tight range down 11. don't go away. you totanobody's hurt, new car. but there will still be pain. it comes when your insurance company says they'll only pay three-quart

marc benioff turned me on to the product. >> did he really? >> yes, he did. salesforce.com.'t go up, david, you know what i think could happen there. >> yes, i do. >> strong week, jim. >> it was a strong week. snap is almost there. and evan and i, we are tight. we are tight. >> you are not. >> tight. >> have a good weekend. we'll see you tonight. "mad money" at 6:00. when we come back, more on snap building gains from yesterday's debut as our parent announces a $500 million investment. later on jim stewart of "new york times" and his take on the valuation. back in a minute. oh...not the smooch method! come on... what's going on here? you know how ge technology allows us to fix problems before they... they slow production, yeah. well, no more catchy business acronyms. wait, we don't need to smooch? i'm sure we can smooch a solution! we just need to "hover" over the candice, problem until... just let it go... hey, sorry i'm late for team building. smoooooooch! that felt right. what's wrong with you!? he's so trusting... ♪ >>> good friday morning. welcome back to "squawk on the

not benioff. of course workday and neil not that crazy about. s.a.p. i've been waiting, now, s.a.p.' a red hot stock. bill mcdermott doing a great job. but ellison wants s.a.p.'s business. really hard to transition away fr s.a.b., but i think hurd, ellison and catz, they're going to the clients and saying listen it's time and we'll transition you real easy. i got to tell you this was a great call. i was going home from the cfo council i wish you'd been at and i was thinking what a great way to end the night. just joyous. joyous. what's the matter? >> tesla meanwhile -- electric car maker announcing offering of $250 million in stock, 750 million in converts. ceo elon musk will buy 25 million of the new sharings. both offerings priced out after the close tonight. proceeds go towards strengthening the balance sheet, jim, what do you make of it? >> i think david tamberino has a lot of thinking to do today, why? because i have here in my hands -- camera, can we get close up here? this is a february 27th sell recommendation by goldman sachs, the book runner. >> not good. >> the book runner

we're using the cars to protect the bike lanes and that's really great last december we were in marc benioff on the upper east side with the protected bike lanes east and first second and had a planter box with a crosswalk and sign and you'll that stuff and all a member of your sykes on safety first and we voted last month to say in the park we have those accidents last year and collisions last year they built boxes because to block the parking lane sometimes there is none in the parking line and stuff like that to the box is easier narrow down the roadway and slow down people and protect the pedestrians too so those two items thank you very much. >> thank you any more public comment? okay. seeing none now let's move on >> madam chair to item 8 the seeking report i don't see sheryl here per item 9 public comment at this time, members of the public may address the commission on items of interest to the public that are within the subject matter jurisdiction madam chair, i have several people that wish to address you on this matter starting with (calling names). >> good afternoon director brink