carl bass says he's worried about china.bandoned their handoff to the consumer and gone back to a infrastructure based consumer. i'm a political. i don't really support candidate or have idea. people ask me what should policy makers or people do? i say that's not my job. i'm not a policymaker. or banker. when i say donald trump is going to win. it's just that i think it's going to happen. gary: on the debt scenario if he's elected. you said you try to figure out what are we going to do as a result. you have been in front so many thing. how do you position portfolios? >> the fir thing that happens when i talk about the global growth scare. people don't understand the debt buildup part yet. i think they understand the protectionism aspect. based upon the global growth scare there will be a rollover of assets. i do think a debt buildup, as unhealthy as it is, it will, i believe, show some result in term of unemployment and the like. i think you have to play it first as a fade, then as a buy opportunity. >> what about tax and re

joining us now, carl bass and still with us, ethan kurzweil.st of a business transition away from licensing towards cloud-based subscriptions. how is it going? guest: we are pretty far into it. we started a year and a half ago and are about halfway through it. when we first started, we were the high pole in the tent. now it is obvious every software company will go to term-based subscription. the transition is going great. we are way better than most people expected. all things are good. ,mily: sales are down, though as you go through the transition. the forecast for the current quarter is lower than expected. when will we see revenue level out again? guest: we do not want it to. this is the funny part. we gave guidance last quarter. a great result was lower-than-expected revenue. it means people are moving to the new model faster. we had to report the number of subscriptions exceeded guidance. as people moved to the new model, where they pay less up front, revenue goes down. i would love to have the same thing happen next quarter. this is a pa

this is a particular about carl bass who has been a guest on our show. oil for the investment community, where are you guys on oil, both of you? jeff? >> our energy team out in houston made the negative call with crude oil above 100. two months ago i talked to marshal adkins, the head of that business unit, he said his model, pricing model was more bullish than it had been in four years and that was with oil under $30 a barrel. he called the top. he call the bottom. we think the oil trade is higher. >> we're going to leave the conversation there. we'll thank both of you, jeff and karyn, thanks again. >>> coming up, zika, the threat is rising. the presence of the virus has been detected in lap tests for more than 250 women pregnant in the u.s. and mosquito season will make things even worse. we're going to cut that heavy product from the american health policy institute and tell you which bug sprays are most effective in repelling mosquitos. show me movies with romance. show me more like this. show me "previously watched." what's recommended for me. x1 ma