is a force of nature, and what larry ellison wants, larry ellison is going to get. ever is the ceo is going to have to bend to larry's desires. emily: all right. now, larry gave you money to start salesforce. marc: he did. he did. he was our first investor. emily: and salesforce has now become the main competition of oracle. marc: that might be true. emily: so, what did salesforce do right over the years that oracle has done wrong? marc: well, we really got singularly focused on a vision of a cloud. a lot like what google or yahoo! do, you can log on a website, but instead of delivering books or delivering search results or something like that, well, we are delivering business functionality. and we have stayed very focused and dedicated to the idea for 15 years. and because of that singular focus, we have been able to achieve a great success. and there is a message in that around business, which is you have to be dedicated. emily: and is there another message that oracle missed the cloud? marc: well, oracle has a different business. on my way out of oracle, jeff henl

we all know that larry ellison is a force of nature, and what he wants, he will get. ♪ emily: when larryllison stepped down as ceo, you tweeted, "there has been and always will be one ceo at oracle." what did you mean by that? how optimistic about these co-ceo's? marc: i am sure they will continue to do a good job just like they have, but we all know that larry ellison is a force of nature and what larry ellison wants, he will get. whoever is the ceo will have to bend to larry's desires. emily: larry gave you money to start salesforce. marc: he did. he was our first investor. emily: salesforce has become the main competition of oracle. marc: that might be true. emily: what did salesforce do right that oracle has done wrong? marc: we really got singularly focused on the vision of the cloud. like what yahoo! and google do, but instead of delivering books or search results or something like that, we are delivering functionality. we have stayed very focused and dedicated to the idea for 15 years. because of that singular focus, we have been able to achieve great success and there is a messag

is a force of nature and what larry ellison wants, he will get . hoever is the ceo will have to bend to larry. >> larry gave you money to start salesforce. >> he did. >> salesforce has -- >> that might be true. >> what did salesforce do right that oracle has done wrong? >> instead of delivering books or search results or something like that, we are delivering functionality. we have stayed very focused and dedicated to the idea for 15 years. because of that singular focus, we have been able to achieve great success and there is a message. you have to be dedicated. >> is there another message that oracle missed? >> oracle has a different message. the cfo at the time said, it is a good thing you are leaving. he said, it will be hard first to do a brand-new technology model and business model because everything from the way you do software to the way you recognize the revenue is completely different. >> you and larry ellison has had a rivalry and a partnership. what is your relationship really like behind the scenes? >> we have a great relationship. saw

cory: larry ellison said we are going to do, we just did a billion dollars.hat is what salesforce says they are going to do. we will see who has the better year. are these apple to apple comparisons? brian: oracle won 200 million in revenue, new business. 200 million in new business in the third quarter and the fourth quarter, that is going to be 300 million. that is a great number. that is brand-new business. and in calendar 2015, it will be over a billion dollars. winning new business, they can't help where they came from in terms of they are smaller in the cloud. in terms of going out winning business, oracle is doing a phenomenal job. cory: what role do acquisitions play? brian: a lot of this, they've made small acquisitions. fusion has been the driver of the business, that is largely an oracle product. there are acquisitions along the way, but they've been working on fusion for nine years. cory: is this quarter good news or bad news for salesforce? brian: i would say for the cloud, it was a good quarter for the cloud and oracle is executing well. cory: a

emily: do you want to be larry ellison? of cloud storage?on: it does not seem like he has had a horrible life. because of what we do, it transcends industry and different platforms and devices, ways you will work with information, there is no limit to what is going to be possible in our market, broadly. we have a very wide palette to work with. emily: aaron levie, ceo of box. thank you very much. aaron: emily, thank you. emily: great to have you. ♪ andemily: he is known as text turnaround guy. blackberry ceo john chen has worked in enterprise technology. it he took the enterprise software maker from death to $5.8 billion as a powerhouse. he is taken on an impossible job. he is leading blackberries come back. it how did he become the fixer? my guest today on "studio 1.0" is john chen. the bay area is where you call home. it you technically live here. john: my family lives here. i live all around. we have headquarters in canada. emily: how much time do you spend here? john: i tried spent about a week a month in waterloo. between waterloo, we a

emily: do you want to be the larry ellison? of cloud storage?on: it does not seem like he has had a horrible life. because of what we do is, sort of, transcends industry, transcends sort of different platforms and devices, and ways you're going to be able to work with information, there is really no limit to what is going to be possible in our kind of market, broadly. we have a very wide palette to work with over the next many many years. emily: aaron levie, ceo of box. thank you so much. aaron: emily, thank you. emily: great to have you. ♪ emily: he is known as tech's turnaround guy. blackberry ceo john chen has spent more than 30 years working in enterprise technology. famously taking the enterprise software maker sybase from the verge of death to $5.8 billion powerhouse. now he has taken on what some say is an impossible job leading blackberry's comeback. can he prove them wrong? and just how did he become the tech industry's fixer? my guest is today on "studio 1.0" is blackberry ceo john chen. john, thank you so much for joining us. john: th

he launched his career at apple under steve jobs, became a star salesman at oracle under larry ellisonent on to start what's now one of oracle's biggest competitors. joining me today on this special edition of "studio 1.0" from dreamforce 2014, salesforce ceo and chairman marc benioff. marc: always great to be with you. emily: so great to be here at dreamforce, la

in the statement and earnings the founder of the company larry ellison, said specifically the company is on pace to earn a billion dollars in cloud-based computing revenues for are this year. he called out salesforce.com one of their main competitors, by name in saying that this was a race between us and them and we think we're going to win, in essence, oracle is going to beat out salesforce.com. if you want to know where the energy and focus is it is in this cloud computing. >> all right, dom, thank you very much. >>> apple is reportedly planning to launch an online television service that could be another step in further shaking up an industry already in flux. as first reported by the "wall street journal," apple is in talks with some major networks to offer consumers a slimmed-down bundle as soon as fall. shares of apple rose almost 2% today to $127 a share. apple television's ambitions could be a win for the company's hardware devices. >> now, apple tv has become the category leader. >> reporter: apple could be about to invade your living room. the company is reportedly in talks w

those numbers straight ahead. ♪ betty: moving this -- moving is shaking this hour is larry ellison andstion is is he worth it? has trailed the index over the last five fiscal years. it is maybe that shareholders have gotten a birdie good deal with ellison overall. measuring the economic profit the company has outpaced 98% of s&p 500 companies over the past three years. he says he is worth. as a mention, we finally have our answer on the reserve requirements of wall street's biggest banks. the feds stress test went well for some. for others, it was a bit tougher because j.p. morgan and goldman sachs and morgan stanley have to revise the proposals. erik schatzker covers the banks for us here and he will be digging deeper into these stress tests on his program. i am curious to hear what your biggest take away was. erik: my biggest take away is that it is not such a bad thing to take your best swing and miss because that is what j.p. morgan and goldman sachs and morgan stanley did. we have come into these stress tests with the notion that if the fed says no to anything, that is bad. that m

then you have people like larry ellison, oracle, and there there have been buybacks.- charles: that's something that has to be dealt with. when the company is buying back stock and the insiders are selling them. >> buybacks are necessary. that's why the market is not volatile. my average stock -- charles: up -- but what about when the next major pullback, it's going to turn out that a lot of these companies overpaid significantly. >> no. when they have low pes. moderate pe ratios. you just keep borrowing and buying back your stock. charles: take advantage of the low rates, period. >> apple borrowed in europe at 70 basis points -- it was 1.3. >> it was a brilliant move for apple. what we have to watch, the energy companies. even some of the finest energy companies, they've gone out there, borrowed money. charles: a lot of them are in the junk market. not the terms that apple would get. >> yeah, chevron suspended the buybacks. >> where would the market be without the buybacks? would we have more trust and faith in these companies? matt: no, they're doing the best for th

larry ellison tops the list followed by mark zuckerberg. $33.4 billion. larry page, sergeiy brin and if you're saying to yourself, wait a minute, who are those guys? those guys are the uber guys. camp along with culanic came up with uber when they couldn't find a cab. >>> tinder is out with a new version of its dating software. tinder is normally free. the paid version is going to allow you to go back and correct a mistake. you swipe left but you meant to swipe right. that means you rejected a potential date but you meant to accept it. curiously, the new paid version costs twice as much for people over 30. $19.99 if you're old. $9.99 if you're young. i wasn't aware that was legal, but i guess movie theaters do that. >> i would call it pricing discrimination but it probably cause costs a lot to make an app for your jitterbug phones. >>> a new push for an 11th uc campus focused on science and technology. a glendale assemblyman is launching a bill to launch a new version of cal tech. location to be determined although we might have suggestions. the bill calls

he launched his career at apple under steve jobs, became a star salesman at oracle under larry ellison went on to start one of oracle's biggest competitors. joining me today on this special edition of studio

the argument is that larry ellison will deliver on the cloud like none other. >> reports saying goodtep in the right direction, better than feared but currency we'll talk about this later on without -- i mean on -- as it was, but without currency revenue would have been up 6%. >> 6%. preview the other big tech companies, like microsoft and ibm that have national exposure that are going to get hit on currencies. >>> currencies an issue for general mills, reporting 70 cents per share. that exceeded wall street estimates. the stock got a lift here in premarket. the company expects to continue quote, strong growth during the current quarter. the cereal volumes are which everybody looks at because of the declines, they were flat. some growth when it came to pricing and one-off charges. but going through the notes on general mills, no sign i've real turnaround in the core business. and that is these struggles for the packaged goods companiesing like general mills, kraft, god with that recall out overnight on the macaroni and cheese struggling to keep up with the changing consumer. jury's s

larry ellison's created tremendous wealth. there was a period there was a pause. tied into what's happening in intel. does have great buyback. good co-ceos there. if you have to be in tech you could do worse than that one, you know? >> indeed. >> worse than that. >> indeed. at these levels 2053 overall, you're still -- >> i like the banks as leaders. makes me feel good. i like wells fargo, my charitable trust owns that. warren buffett had written his letter this week rather than last week would have reversed the dow 300. don't worry long term about the dollar and concerned about some countries. i was listening to someone talking about how he's worried about turkey i remember when i owned arslic. it was the bank of america of turkey, and it was the whirlpool. they were unchanged, unchanged. they devalued it ten time temperatures was like .1. don't freak out about turkey. it not as big an issue as you think. i'm worried about turkey and flu than turkey and euro. >> turkey the country or turkey -- >> both troubled. >> yes. >> don't go to turkey -- >> look at tyson th

larry ellison, mark zuckerberg, $33 billion, well, $33.4 billion literally, larry page, serg sergey bringoogle. you're saying wait a second, who are graves and camp, they are the uber guys, camp along with kallnick came up with uber with enthey couldn't find a cab and among the world's youngest billionaires. mark zuckerberg would like to point out he is younger and rich per >> who is keeping track. michael jordan a new billionaire courtesy of his investment in the charlotte hornets shall the franchise went up enough he's got money. thank you very much, appreciate that. >> 5:53 right now. >>> money is on the weather when it comes to that in california. we are in winter, right, rob? >> yes. it feels like it this morning but the trend is certainly over the next few days will not look much like winter, maybe feel like an early start to spring. through 7:00 this morning some 30s and 40s in inland valleys by lunch time a few clouds near the hill, 50s to low 60s and today highs in the mid-60s and then tomorrow, mike, we're going back into the 70s for those highs, pretty warm for the second half

the national union of healthcare workers is targeting the 70 richest people here, including larry ellisone union says if those billionaires were to give 1/10 of 1% of their combined net worth, the hospital would have enough money to stay open for the next 20 years. doctors hospital is facing a dire financial situation since many of their patients are poor and can't pay. if the hospital does close, patients would have to drive to berkeley to get care. >> the oakland raiders will call the coliseum home next season, but the team's future after that, well it remains in doubt. the coliseum authority unanimously approved the raiders lease to play the 2015 season in oakland. coliseum authority board members and the raiders said they plan to talk about additional lease extensions and new stadium projects on that site. >>> this is a win/win and it opens the door to an even further win/win where we could have a long-term future with our sports teams that would increase jobs for oakland residents, increase tax revenue to the city, and improve the experience for the fans and the teams. >> and raiders

so with larry ellison and we believe some potential acquisitions, they have of all of these, what i call the big uglies, the best chance to escape where the puck is going, be successful on cloud. we're not talking going to 10% growth, but can they get to mid-single digit growth, see operating margin expand, and the multiple really could expand here, you know, where you could see a stock going to the high 40s, you've seen a huge sentiment shift away from microsoft, toward oracle and large cap enterprise tech. they'll give guidance, which i would expect conservative, but this is definitely one where the investors buy more into oracle over the coming months. >> dan, it's karen. let me ask you that growth. are you saying that's organic growth, or do you do it through acquisitions, because they've been fairly inquisitive in the past. >> that's really been the missing piece to the puzzle. so far, it's been organic. we believe if they're going to meet game-changing acquisition in big data, if you look at a name like tableau or potentially click or on cloud or cybersecurity, that's really been a

number three, warren buffett, rounding out the top five amancio ortega and larry ellison of oracle.ether the net worth of the billionaires, 7.05 trillion. >> that's a chunk of change. >>> want to check in with brian who is in for new dad sal and keeping a close eye on the commute there, brian. >> it's starting to get kind of bad, especially in the south bay. good morning. want to go to the mans and take a look at it -- matches and take a look at it. this -- maps and take a look at this. you see a couple of accident icons. the one to the left is a noninjury accident. that's on 87 northbound, north of airport parkway in san jose. that scene has moveled to the right shoulder. the -- moved to the right shoulder. this is a sig-alert right now. this is an overturned furniture truck. it was on its side. it has some injuries to it. again, 101 southbound near 880 south and san jose. the right lanes are blocked. chp saying if you could use some alternative routes this morning, that would be the best thing right now. but again, 101 southbound near 880. highway 4, we haven't talked about that c

but there have been a lot of tech billionaires like larry ellison, who was ceo of oracle, and peter thielres investing money. >> a lot of tech billionaires. >> is it a pill? is it some kind of -- i don't know what. i don't know how you would help people live forever. >> right. so in 1956 there was an experiment where basically two mice were attached together by the bloodstream, which is sort of ghastly. one of the mice was old and decrepit and unhealthy. one of the mice was young and extremely healthy. what they found when they attached the two bloodstreams together was the young mouse started ageing prematurely and the old mouse started almost reversing in age, started acting and looking like it was younger. and so in 1956 they didn't really know what to do about this. it was sort of a dead end. then in 2004 a doctor at harvard picked up this experiment again repeated it and was able to isolate the protein that was responsible for the effect which is a protein called gdf-11. then she did an experiment where instead of attaching together bloodstreams, she just injected gdf-11 into mice. t

that would be larry ellison. >> okay. which one do you own? malachi?o own any of them is unbelievable. >> i'm from hawaii. i love hawaii. i have some ownership on maui and kauai. >> some ownership. scientific notation. all right. >> steve, thank you very much for joining us today. always a pleasure. daymond, thank you. >> thank you. >> by the way, quick programming note for you. you can catch daymond right here on "shank tank" and tuesday and wednesday nights. every tuesday and wednesday, 8:00 p.m. on cnbc. >>> coming up three things you need to watch when the february jobs report hits the tape later this morning. steve leisman has the details. then alan greenspan on how to get the economy growing and why he says we need more people to produce less. biotech stekteches are hot but are they too snot "squawk box" will be right back. over 20 million kids everyday in our country lack access to healthy food. for the first time american kids are slated to live a shorter life span than their parents. it's a problem that we can turn around and change. revolutio

larry ellison saw his wealth increase by $11 billion. the koch brothers saw their wealth increase by almost $18 billion in a two-year period. the waltons saw huge increases in their wealth. they are the wealthiest family in america. christie walton went up by $13.5 billion. jim walton by $13.9 billion. s. robeson walton by $13 billion. michael bloomberg saw his wealth increase by $8.5 billion. jeff bezos went up by $9.6 billion. mark zuckerberg's went up by $20 billion. shelled on adelson went up by $5 billion. larry page went up by $6.7 billion. sergey brin's wealth wept up by $6.4 billion. added together, their wealth went up by $157 billion. this is a reality my republican friends don't want to deal with. they do not want to ask the wealthiest people in this country, many of whom are paying an effective tax rate lower than truck drivers and lower than nurses to start paying their fair share of taxes. their solution to the deficit problem is to cut programs for working families, the elderly the children, the sick and the poor. and desp

exactly what oracle's larry ellisson does here saying we're well on our way to selling over $1 billion of new software as a service and platform as a service business in 2015. ellisonforce has announced it also expects to add $1 billion of new business in these areas this year. so it's going to be a close race who sells more in the cloud this year. us or them. stay tuned, ellison says. benioff in his last earnings call called out oracle's cloud business saying listen it's easy to boast about an impressive growth rate when you start from zero benioff said. so the smackdown between these two continues. >> dr. j? >> you're exactly right, josh. and i would look for this to escalate to not just be, you know, a shot here and a shot there. clearly he got under ellison's skin and ellison and herd are going to go right after benioff. >> are you betting on either one of the names. >> not that mark is not big enough to fight but i wouldn't bet against herd and he willellison. >> we have mayweather/pacquiao and oracle and sales force. big bouts that are coming up. >> thanks everybody. >> thank you josh keeping an eye on everything. it has been said imitation is the highest for