bloomberg lp is the parent company of bloomberg tv and is an investor in andreessen horowitz. there is a bubble in the private sector. and we have a special focus on virtual reality innovators. we are looking at one company transporting you to a virtual world. ♪ emily: and now to the cloud. another strong quarter as it pushes further into europe. i sat down with workday ceo aneel bhusri. aneel: the marketplace for financials is about twice the size of the hr market. we are excited about the prospects. emily: on your earnings calls, your ceo said you could be profitable. why focus on growth in this current climate? aneel: our business is a once in a decade transition. we went from the shift in the 1990's, the growth in personal software -- we are in that shift again. it's basically a land grab for market share. emily: let's talk about a few competitors. oracle and sap seem to be getting a lot more competitive. they spend a lot more in marketing than workday and salesforce combined. how do you defend against this? aneel: we are running at about 95% customer satisfaction. emily:

full disclosure, i must say peter brower is the chairman of bloomberg lp, the parents of bloomberg newsbloomberg view colin out today that said what glencore can do to recover from this slump. what is it? liam: there are two problems for glencore, one is the debt and that is a short-term issue that needs to be dealt with. therly, that hasn't stopped slide. they're bigger problem is around the business model. the added twist with glencore is when it was ipo'd it was meant to be a slightly different beast because it had this trading business. it had grown out of the marc rich trading business from back in the 1970's and 1980's. clearly, that hasn't happened. that is leading people to question -- the whole business model and whether it makes sense with glencore to be a public company. joe: liam, is there any reason to think that glencore could have any sort of systemic quality of things that would make its promise spill into other companies? that is a source of angst. glencore doesn't seem like that big of a deal. you see markets selling off more broadly. could glencore bleed elsewhere? li

we should mention that bloomberg lp is an investor in andreessen horowitz. coming up, maybe he is but someone else tells me there is a bubble in the private tech market. this week we have a special focus on virtual-reality innovators. coming up, an in-depth look at one company. ♪ emily: and now to the cloud, worked a reporting another strong quarter as it pushes further into europe. i sent him at this he had to check in on a reading from valuations and consolidation to the progress it's making in its >> theals vertical area marketplace is about twice the size of our hr market area and we are very excited about the prospect area. call the the earnings city could be profitable if you wanted to be, but you're going ourocus on growth area >> business is a once in a decade transition. we went from the ship from mainframe to client/server back in the 90's. we saw the growth of peoplesoft. we are not once in the decade shift again. it's basically a land grab for market share. let's talk about your competitors. they seem to be getting a lot more aggressive and they

the opinions and views expressed do not reflect those of bloomberg lp, its affiliates, or its employeesr: this program is a paid advertisement from the u.s. gold and silver reserve, a company not affiliated with the u.s. government or the u.s. mint.

peter brower the chairman of bloomberg lp is a senior independent nonexecutive director at glencore. officials ared indicating a rate increase this year. not everybody is convinced. we will tell you why, coming up. pymm: companies are going on record saying they do not expect an increase this year. howard marks told matt miller last night, he was not so sure. grexit they seem deathly afraid to raise rates. they keep saying it will probably happen later. they leave --'s they leave through sign language. they leave the commentators to expect it will happen one month after next. then they do not do it. this has been going on for two years. joining us now for more federal reserve's potential to raise interest rate, is a bloomberg intelligence economist carl. good to have you with us. you heard what he said. is it accurate? carl: it is accurate that they have continually delayed. however, i tend to believe that when we are at the point that the economy is sufficiently she strong -- is sufficiently strong to endure it we have not had that uncertainty. jobsill feel it in the report, you wil

we should note peter is the chairman of bloomberg lp, chairman of bloomberg news.or at glencore. coming up, stocks are headed for the worst quarter in more than four years. your looking stocks around the lows. what do you need to know, where to find safety? ♪ alix: welcome back. time now for a look at the markets. before the closing bell, over to remy. i should point out we are off the lows of the session for the day. the selloff has taken its told oh. it has been diagnosed down there and are not scraping the session them,nd slightly off of this is now the fifth straight day of declines. not happen in all of 2014. the s&p 500, as well as the nasdaq, have not seen the lowest levels since late august. china's slow economic growth is the largest for a reason. it plunged 8.8% in august and that was the biggest drop in at least quarter years. it led to at least some of the read on the screen. come with me to my bloomberg terminal to check out the s&p sector performance. everything is in the red. health care is down the most by 3.4%. health care is lower for a seventh da

full disclosure, bloomberg lp, parent company of bloomberg television, sponsors met, the hd series.n terms of the customer experience, we talked about how that might be aimed at some of the old guard. s isitable contribution very important. is it a sustaining business model with the changing demographics? amanda: it has been a business models is the beginning of opera . the patriots made this art form possible. you see that with closet, music, as well. this arttrons made form possible to it first time audience is actually up at the met, people who have never been to the opera before. that is a good sign. putting art in movie theaters or on roku, which the met did this summer, means it introduces it to more people. scarlet: more platforms. amanda: the better exposure the opera has, the bigger, the better. donations can come in small amounts, from a 30-year-old, and, of course, adding it maybe $150 million in donations, you probably depend on some very big pockets. the matter has traditionally had a lot of those. many of them are in finance. i would say that for the match, one of its

we should point out that the chairman of bloomberg lp is the nonexecutive director at glencore.olkswagen set w aside may not be enough to cover costs. let's get the latest from hans nichols. hans, 6.5 billion is being put aside and now it is not enough? the sixat is because point five we do about last week is only for a technical solution, and engineering fakes. this is what the ceo was getting out last week when he was thinking he could stay along if he could get a technical solution. they still have a deadline when the german government wants the solution, otherwise they may order the cars off the road. -- that 6.5 has nothing to do with overall litigation costs are legal fees. what we know is that fund could be growing. there is an investigation taking place in sweden. we also have something in india, this is mushrooming. hans, is there any observation that they are selling less cars right now? they are not for sale. in spain, they suspended sales. and european countries states have been suspended. francine: can you tell us more about this criminal investigation into the form

stephanie: when bloomberg comes back to bloomberg lp and everyone says, what is this guy doing in thet is going on? something pretty special in just a few weeks. i have loved having this guys my partner. back.ou have to come the party is just getting started. erik: there's no way we could end the show without concluding -- stephanie: don't,, the yearbook game. erik: i chose a woman just for you. she graduated class of 1972, jordan high school, durham, north carolina. those are the only hints. stephanie: what industry? erik: somebody who has frequented the c suite. stephanie: carly fiorina. sadly, it is because there so few women in business, it was easy to guess. when it is a white guy with gray hair, much harder. will wrap up, we "market makers" forever. coming,timk you for for being here. stephanie, muah. u.s. equities are down. go out there and trade and have yourself a fantastic labor day long weekend. see you next week. ♪ >> it is 10:00 a.m. the jobs numbers come up short but wages climb in the unemployment rate falls to 5.1%. will today's report take a september rate hike off th

michael bloomberg is founder and owner of bloomberg lp and also this radio station. >> you did that so for something that is not the status quo in washington. whether that means a third-party candidate is viable at this point even over the next four years or eight years seems quite unlikely. michael: we were excited about ross perot. but whatit's unlikely that means for whomever will be the eventual nominee with the -- that would be the more interesting nominee than the democratic side -- you are even talking a lot about the 2016 elections. if you look back historically in recent history of all of the who had a lotates of momentum in the early days, usually, they flameout by february. you would not be surprised to see if that were the case this go around as well. tom: like the broncos. >> hey now -- michael: we will get to that but i have to ask one more question. why does the senate banking committee hate the fed? tom: good question. michael: the chairman of the banking committee suggested that yes, we have nominees for the fed seats that have been empty but we are not going to confir