obviously, bret taylor, when you think about salesforce.com and bret now as ceo, bret is a great visionary i think the combination of both of these individuals, they have upgraded the perception that they are on this and they can do the right thing. emily: it has certainly been a big week for bret taylor. tom, over at meta, we are seeing david marcus leaving. david marcus ran paypal, then went over to facebook, tried to launch facebook's cryptocurrency project to much criticism and controversy. interestingly, david kirkpatrick said yesterday he thinks jack dorsey leaving twitter is kind of a rebuke of mark zuckerberg doubling down on meta in the midst of controversy. what can you tell us about david marcus' departure and what that means? tom: as you mentioned, dm really never got off the ground. right from the start, they announced this thing in 2019 with fanfare. this was going to be this new currency that would be backed by a basket of currencies, including the dollar and the euro. the thing about that, i really think it was ahead of its time but very badly executed. they did not foresee

what a week for bret taylor. how often do you see the chairman of one company and ceo of another i wasjust talking to him a couple months ago right ahead of dreamforce about his background. you have to remember, this guy who was recruited out of college to google by marissa mier and had a big impact making google maps there with the team and then friend feed which is the early social feed company. felt like a failure at the time when facebook bought it and then did quip which salesforce bought certainly has not sloweddown, carl, on the innovation front and now some big executive responsibilities >> they took pains at least on twitter last night to show the relationship between the two of them, john meanwhile, as for the guidance, b of a says probably conservative the company generally beats by bigger magnitudes in q4 at least historically so b of a maintains a buy with a 360 price objective. but we'll keep that in mind regarding the guidance >> all of this as the company continues to talk about the digital headqu

. >>> bret taylor had been president and coo since 2019, before that worked at google, facebook and cofoundedare company that salesforce bought. >> there's a generational difference in the way young people look at climate change. new report shows that teenagers 13 to 17 are more aware of environmental efforts around them than 18 to 20-year-olds and views sustainability as protecting the current environment, 18 to 20-year-olds is maintaining the planet for future generations. younger focus on personal actions and older teens on corporations. also differences between boys and girls, girls less satisfied by current efforts and more driven to do something to help. read more about this study on lx.com and watch on channel 185 on xfinity cable. >> impressive both age groups are thinking and talking about it. >> very active. we're back in a mom >>> okay, it was most anticipated matchup of the nba season so far. red-hot warriors and red-hot phoenix suns. >> something we rarely say, steph curry didn't have it tonight. >> what? >> to phoenix, national tv, curry 4 for 21 shooting, only 12 points on the

also announcing that bret taylor who has been president and coo is being promoted to co-ceo.ying on the ceo front normally every friday, we bring you our insider buying segment a number of ceos have been doing the opposite as of late. selling some joining joining us now with a look at who is selling nadella selling for personal financial planning and joins other ceos in an overall record hereof stock sales ceos have sold $69 billion in stocks this year up 28% over last year. nearly 80% from the 10-year average. we'll see even more sales looking to be an active month. musk selling around $10 million of his shares with half going to options. bezos around $10 million this year kind of flat but five times his 2019 sales waltons of walmart followed by zuckerberg accounting for 40% higher federal taxes bezos saving around $700 million >> saving money in taxes more than you or i would seein five lifetimes that turns out that plan with most of these sellers. it may not be they are selling more shares but that the stock prices are so muchhigher and is probably one factor when we get i

emily: bret taylor was not only promoted to co-ceo, two years earlier he was promoted to the chair oftter board. isn't that a lot for one person, if you talk about taking things away, like jack dorsey? isn't that a lot for bret to handle? todd: he is a talented guy and can probably help each company bring in the perspective of the other. you want to build a board of diversity in terms of different things, one of them being experienced. when you think of building a board from the enterprise side, the social media side, the rest of the people can bring that, it is a strong board. emily: nathan is one of the biggest players in enterprise and security. where do you think the biggest threats are in 2022? ♪ -- 2022? todd: we talked about this, as to how companies will build new products, take existing products and make them more compelling in this techno-centered age. along with rising rewards from automating things, the bigger the risks are for security. there is all of the balance there. another benefit of having technologists in the boardroom and top executive chairs is that they have a

i think people are worked about mark retiring and bret taylor coming in. david, i'm going to reassure you, benioff is not going anywhere. >> i can rest easy i feel better now. i really do. what does that have to do with marc benioff? >> you had a great interview -- >> thank you. >> -- and i keep thinking an incredible revolution of our oil industry to have more conscience about pollution -- >> philip morris is out this morning saying we've done a better job in aggregate than the oil companies. >> oh, geez. i said the oil companies were un-investable, guys like sheffield, the pioneer, they said, listen, we hear you, man >> listen, they're pursuing things that whether bring them into the better graces, but there are plenty of esg top-down strategies. >> you're telling me that a company is saying -- while they cause cancer, it's less cancer is that the deal by the way, guys, buy us, we cause less cancer. less some -- >> it's in the pitch [ laughter ] >> fewer people are killed by us than others. there's something. >>> take a look at futures we're going to wat

we do think that, you know, the team that they have assembled at the top starting with bret taylor andyou know, is just the best one they have seen in years. they're all aligned. we think they have a lot of great trends in terms of driving revenue growth we think that the slack acquisition is going to position them well around where the future of work is going, and ultimately, it's a focus, a renewed focus on margins we think they're going to continue to surprise the street positively on putting up better free cash flow, better margins every quarter. but we don't think they're going to stop doing deals, whether it's next year, whether it's, you know, two years from now, we think the right deals and the right strategy, and we think similar to what microsoft, you have seen them focus on with security, we think salesforce is not going to be far behind we talked okta as a really strategic and transformational acquisition. that's the largest one they have ever done, that again, kind of doubled down on this notion of trust around identity, around really can't have a single view of your custo

the company also naming bret taylor as coceo along matt. stock down 6 and a quarter percent on salesforce.com. rest of the market lacking good after omicron and inflation fears spooked yesterday. dow better than 300, s&p 500 higher by 53 and jay powell testified before senate banking committee yesterday where he layed the ground work for quicker and the federal reserve bond buying stimulus, he also suggested it is time to abandon, retire the word transitory. watch. >> i think the word transitory has many different meanings to different people. i think it's probably a good time to retire that word and try to explain more clearly what we mean. maria: yeah, joining me right now asset manager george, also joining the conversation all morning long tang her investment officer nancy tengler and kt income farland. great to see everybody this morning. thank you very much for being here. george, thanks for joining the conversation. that surprised me, time to retire the word transitory with the chairman pretty much admitting inflation is here and it i