l bhusri are they going to use the measured word that benioff used.llowing the pattern perfectly. salesforce is still down 7%. >> it was humbled. apple, don't forget we have that upcoming, september 7th. i'm still praying that apple plus gets the nfl ticket, but it's cutting it really close. >> jim, have a good hour. >>> when we come back, patrick harker, live from jackson hole salesforce is pulling the dow down, but the dow has nonetheless gone green back in a moment >>> good thursday morning. welcome to another hour on "squawk on the street. tech earnings, revised gdp, jackson hole, today's session has it all, as the dow is managing to gathering a little strength in the session. >> here's a few movers were keeping an eye on this morning, of course, as we get about 30% into -- shares of snowflake, the company reporting better than expected quarterly revenue, also raises full-year guidance. the shares are up over 18%. >> jim was talking about this. >> as it continues with the weakening demand. >> 2018, saying it's setting up for a similar pattern, whi

. >> great cashier at costco, my shoutout -- [ laughter ] >> benioff and slootman tonight on "mad. "the exchange" is now. >>> thank you, scott it's mission critical for the market there is one stock reporting today, that can determine where the market goes next at least the nasdaq. the name, how to position and where to find value. >>> plus the latest read on housing. we're finally seeing home prices fall in many areas we look at where, by how much, and what it means for the overall for the state of real estate peloton's prime move will it be enough to appease investors? and retail, what is needed to right the ship we begin with today's markets, and bob pisani hey, bob. >> good morning -- good afternoon, tyler take a look at the major averages right now s&p, nasdaq, essentially flat for the month, we're between a trading range on the s&p we don't have -- there's too much uncertainty out there we'll see what goes on here. in terms of what's moving, we have a weak day overall, weak report from nordstrom, that's really weighing on retail. autozone was the same thing. it's weighing on

i mean the people i've written about the the closest is benioff, right? i mean i benny off is on the record supporting higher taxation to finance homeless services, but but it's always in collegian with the reality. he's gonna balance yourself of whatever tax perks. are are there for him to which one might say? well, you know what ceo would keep their job if they didn't avail themselves of the tax perks. this is a guy who's actually writing the tax code affectively through his membership in the business roundtable this lobby shop that at the time was headed by jamie diamond the ceo of jp morgan chase who played a critical role in getting that huge package 1.5 trillion dollar package tax cuts from trump. so no in my book, you're not gonna meet any reformed dav man, and if there are a lot of them out there, i i haven't met them. i mean there are lots of interesting people in davos itself, right? there's there are social entrepreneurs. there are academics the odd movie stars always walking around i once met peter gabriel who told me about how he was making m

cash burn companies to borrow to fund that growth. >> yeah, and, frank, in terms of salesforce, marc benioff been doing it for a decade and a half as a public company sometimes the street listens what's the street's view of the stock at the moment? >> salesforce has a strong customer base. the question is profitability long term. the fx headwinds, margin questions. like other cloud scotts impacted by rising interest rates we've seen stocks that are at the top of the stack get hit hard by the higher interest rates. with rates increasing for the rest of this fiscal year something to watch >> that has been one of the pressure points. frank, thanks very much. we'll catch you after the numbers are out. don't miss the ceos of salesforce and snowflake tonight at 6:00 p.m. eastern time. >>> nvidia shares in the green today and up about 7%. our next guest says this may be a kitchen sink quarter for the chip maker the managing director of semiconductor equity research at needham has a buy rating on nvidia with 185 price target we're hoping for a kitchen sink quarter. what would that entail in terms of

could see mark benioff pointing to a weaker economic cycle spoke with jim cramer on "mad money" last>> everyone is trying to assess what's going on, how do they position themselves for this new economy. it's a new day for many companies, and i think when you look out at all these businesses, yes, they're all doing digital transformation this is still everyone's number one priority every digital transformation is still beginning and ending with the customer >> take a look at shares of salesforce this year looking at that stock down about 7% this morning. another big tech mover, though, snowflake on the other side, up sharply, reporting better than expected quarterly revenue snowflake ceo saying the consumption-based model, a is proofi proving to be an advantage >>> tesla told investors that the three for one move would provide more flexibility for its employees. tesla's split share five for one back in august of 2020 elon musk's company is the latest big cap company making the move, amazon and alphabet both made the move in recent months bed bath and beyond is reportedly holding exclu

which town >> marc benioff. >> i thought maybe he was coming back to san francisco. >> no. here. i want him to be here for the show, but that would be too much fun. >> he should come here why wouldn't he? >> all right marc, please come on the show, marc >> in person >> i have him for "mad money." >> this show >> that's a sacred site for a bunch of them. by the way, verizon raised its dividend, what, 16 years have you seen that stock, david? david, you used to think that was a 45 to 55 stock you don't feel that way anymore. >> i have never made a prediction on the stock price, as you well know >> but did you read that piece last week by moffett >> of course, we discussed it quite a bit, we even had craig moffett join us in the 10:00 >> i don't presume everyone watched that show. >> there continue to be a lot of questions as to whether or not t-mobile is going to be the dominant provider in some way as a result of being able to offer service given that its network quality offers service at a local price level that will take customers away, not to mention its competition with

. >> great cashier at costco, my shoutout -- [ laughter ] >> benioff and slootman tonight on "mad.change" is now. >>> thank you, scott it's mission critical for the market there is one stock reporting today, that can determine where the market goes next at least the nasdaq. the name, how to position and where to find value. >>> plus the latest read on housing. we're finally seeing home prices fall in many areas we look at

well special day for dozens of kids who are patients at ucsf benioff children's hospital.y for families as well as you can see at the 25th chris mudge pediatric picnic. event at mcnair's beach park in san rafael hasn't been held for two years because of the pandemic and it certainly was a highlight for kids and their families who have faced similar challenges like organ transplants. there was a dj food kayaking and even crafts for the kids. it's the opportunity to be normal. you know, there's no you yourself you can't tell. patients who's got a transplant who doesn't have a trust, but you can't a day to about everything else organizers say doctors and patients begin are able to see each other in real life and that gives so much. hope to everyone nice to see a great weather, you know cooperate for those kids and their families today. yeah. you notice a lot of sunshine out there. so it's beautiful to be outdoors. it's going to be another beautiful day tomorrow temperatures right now, lots of six seasons and a few upper 50s out there, nevada 57 oakland 64, san jose 65 and ove

weiss, who is one of the co-creators with david benioff of "game of thrones," he wrote the "metal" filmt of well, so, tom morello, guitar god, rage against the machine, he did all the music for "metal lords." tom was in my group first. >> seth: got it. >> because i had heard that tom played when he was a kid, and i said, "i play as an adult. it's a whole different thing you got to come over." [ laughter ] so he came and played, and the group was really big >> seth: what's big? >> big was like, we were around, like, seven, eight-ish >> seth: okay, gotcha. you want to try to keep it around four to six but we were getting into seven, we were getting into eight, and tom said, "hey, there's this guy in my kid's carpool, he wants to play." i said, "nah, the group's kind of big, we're ballooning i just want to keep it intimate." and he said, "he created 'game of thrones.' and i went, "oh. dan or dave? he said, "dan. i go, "yeah, he can play." [ laughter ] and then dan came and played, and then he was texting, which you don't do while the dungeon master is working. >> seth: right, of course. >>

he's dutch, he's tough, went to arasmus, a great college there and i have benioff back, who i think has story to tell, and bret taylor has been his co-ceo, and he had to deal with twitter. just hand it off to john ledger. don't -- what is the redaction about? >> it's protecting certain things. >>> we'll learn more in good times. when we come back, we'll stay on top of retail. nordstrom is down as we have a pretty mixed market here s&p is down, too ♪ ♪ ♪ ♪ esg is responsible investing. who's responsible for building esg into your investments? at pgim, the pursuit is on for outperformance. as active investors, to outdeliver with customized strategies, integrating esg best practices into our investment decisions. as asset managers and fiduciaries, to outserve, with our commitment to better esg outcomes. join the pursuit of outperformance at pgim. the investment management business of prudential. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income th

. >> headwinds >> everything is headwinds but mark is back marc benioff is back doing -- >> did he ever >> he went to indonesia for a couple -- he went offline? he has brett taylor there. >> he was at twitter >> well, yes, there's into -- ceo of salesforce -- >> can you -- >> anything changed for salesforce in terms of the environment for i.t. spending? >> that's a great question workday got a price target cut too, software as a service company have been hurt the stocks, not the companies. they got to see how the companies are doing. we haven't touched on disney. >> let's touch on disney. >> so the bottom line on dan loeb, dan, i love you, is that these ideas have all been seen and kicked around. nothing new under the sun, dan loeb. >> you're not a fan of the espn spinoff idea >> i think espn needs to -- it's kind of more symbiotic than he makes harder to pull out what can they pay for hulu, parent company of this network, we don't know. hulu, this they need to get. they don't have a good balance sheet and people keep forgetting >> you blame the deal for fox on that. >> pay $71 billion

. >> i saw hans at a -- hands down i saw him at a dinner benioff. >> did you say "hi" hands?member what senator curry said when he got to the window >> do you want provolone >> that's wrong. >> your best buy is up over 5%. >> i told you. we have to start talking about these stocks >> i don't have the pe below eight. i have it around 12 1/2. i'm not sure what numbers you're looking at. >> i'm just saying if you -- going into this, if you thought that the stock was going to be down big, it would be on my list. >> okay. i think that -- i want to make these cases. carl, here's what we never talk about anymore. because everyone is so down. let's say you have a ceo who is as great as corey. she told me that gaming was going to run its course. she told me that they've got enough pcs to be able handle work from home but not more. she told me that they had a system called the total tech membership it did hurt their numbers. it would make it so basically you could have for a home office, you could -- you get i.t. i think it's fantastic you get i.t. remember, home office, the i.t. perso

customers are going to cut back, 2023 is going to be a bad year >> we got that from your man marc benioff yesterday, saying the customers are more measured, playing into that idea >> yes, i think so what's interesting is that your man and neal bushry was saying -- >> like everybody else, you've taken him and made him -- >> i have. but "measured" was not in the language, not one bit. >> what did he say >> the kind of technology they're offering to companies really has allowed them to be able to do more with less. and what's happened is that you might want to bring in them if you think it can help you deliver. >> why would it be such a contrast from workday and salesforce >> salesforce is trying to augment your business and workday is about how to preserve your business and make it work more effectively, meaning if you have ten people, you might only need nine. i've seen workday in action, it's very effective. >> you're not going to cut back in any way >> workday allows you to cut back very big win, by the way, with a company, i saw it on peacock, it's a big company, oil company. exxon, the