>> this is -- our first effort was starting with larry ellison, that was pretty big. the second effort was proven to be pretty large. i think the internet of things software market is most certainly order of magnitude lower -- >> should oracle have gotten into it, beating them to it? >> or raquel will get into it. in 2025, you'll be delivering software that addresses the opportunities of the internet of things or not be in the cell phone business. >> we're talking with tom siebel this morning. we'll be back in just a moment. >> welcome back to "press here" we're talking with tom siebel, best known for siebel systems and john schwartz from usa today. >> i wanted to step back given your experience in the valley and assess where you think the value is now. also during a political season because it's become more politicized with what trump has said about various people in tech. what i'm wondering is, how has silicon valley changed and do you thinks much more political? >> i think it probably has become more political certainly today than it was in the '80s and 90s. the pe

david: larry ellison saying this could be a $10 billion business.f him saying that, mark benioff of salesforce. these are two guys are like to talk big about the cloud space. they like to talk big about anything. they see opportunity in this. $10 billion in revenue would be something. $690 million in the quarter puts them quite away from that. but with these growth rates, it is hard to imagine where they can get to. interview withy mark benioff, and this was a big part of his hope, particularly around erp. next five or 10 years, you will see perhaps the majority of i.t. shift to the cloud. so for us, we see it as an opportunity. the fact that we have such a , it will be important to make those two worlds work together. cory: what he is talking about webe is the amazon services-like business where they are doing hosting of the software in data centers around the world, delivering the cloud in a physical way for companies hosting their oracle sword -- servers. not, but it is it is a change in the way that software is being done. vonnie: can oracle con

people like larry ellison who supported marco rubio with a big donation.t doesn't reflect the people who work in the industry but there are still those leaders who have a conservative point of view and have been backing during the primary republican candidates other than donald trump. >> i wanted to ask steve if he felt that there was true antipathy toward trump or even what i said before about people surrendering if he seems to be winning might not happen. one of the things that is so interesting is there are a lot of really heavily principled people. like mark andreessen or peter thiel. until he is you think that many of these people might turn out to really actively working against trump. i'm not talking more about the top leaders -- but what the bernie people will do is an interesting question. >> i think there is such an interesting combination of ideological positions here that there are many things that trump argues. the need to being come petition to certain sectors and his attack on the corruption and big-money impact in politics that are very sim

i always is in for larry ellison to insult his competitors, and he often does not disappoint. i do want to hear about name customer growth and get a sense of whether they are gaining share in this business or are all boats rising with this tide. scarlet: we also have earnings from smith & wesson, a big beat for fourth-quarter adjusted earnings per share, $.66 versus $.54, so this is a beat, much larger than what the company had anticipated. when it comes to revenue, $222 million versus $214 million consensus estimate. this is a company we are paying a lot of attention to given the potential for growth as hillary clinton pushes for gun control. joe: right, these stocks tend to rally perversely after some of these shootings and talk of gun control, but the results speak for themselves. scarlet: it is up 6.5% in after-hours trading. "what'd you miss?" a rate increase before the 2017 march meeting are before 40%. hike is still most likely, but it's likelihood has been reduced. for joining us. tell us why you see september as the next time they move. think september is still there

. >> coming up, some tough talk from larry ellison. and the latest on the viacom board saga.did show up for work today. here's some video him showing up this morning. take a look at the premarket. not much action in either direction. we'll see what the day brings. more "squawk on the street" from post nine in a minute. okay... what if a million people download the new app? we're good. five million? good. we scale on demand. hybrid infrastructure, boom. ok. what if 30 million people download the app? we're not good. we're total heroes. scale on demand with the number one company in cloud infrastructure. ♪ using 60,000 points from my chase ink card i bought all the fruit... veggies... and herbs needed to create a pop-up pick-your-own juice bar in the middle of the city, so now everyone knows... we have some of the freshest juice in town. see what the power of points can do for your business. learn more at chase.com/ink see what the power of points can do for your business. man 1: i came as fast as i man 2: this isn't public yet. man 1: what isn't? man 2: we've been attacked. ma

also interesting to hear larry ellison talking about the company's infrastructure.ng with amazon, microsoft. ellison saying he believes oracle is highly competitive, lower cost, better liability. clearly a shot at the bow at other rivals in the space. on the call, bring you guys more headlines as they come. >> let us know, josh. josh lipton from san francisco. guy, what's your oracle. >> 14 times forward earnings. i don't think it's particularly expensive. i think this is a good quarter margins improving. get back to 45 level it come down from. it's got a couple of dollars, 8 to 10%. >> 1 1/2% dividend yield and growth. in this environment that's a name everybody will buy. $37 it bounced off of significantly. i usually don't buy after earnings release and a gap after hours but i think you could on this one. >> is this oracle story or stocks in general. >> i think oracle story. it's been kind of a prove it to me again story. i think to the extent that these guys, i think, are making up for expectations that were overly lofty. it's a company that continues on every le

i expect larry ellison to talk about oracle's software is a service and platform is a service. cloud business is much bigger and growing much faster than salesforce.com. ellison is a competitive, he's aggressive. you might get a couple of -- he could take some shots at amazon, too. all of these things they sound off the cuff on the call but i think they're well orchestrated al voes. if you don't own any of the targets, here we're talking about amazon, workday and sales force, do you know what you ought to do, wait until the blast zone clears and buy them friday when people are going to be very nervous by what oracle says. i don't like getting political here but there may be a win-win coming when smith & wesson reports thursday. we have two candidates running for president. hillary clinton plans to come in with gun control legislation blazing that means smith & wesson is going to have good months because gun sales spike when people think gun control legislation might be on the horizon. the latter, donald trump, he is pro gun, he is like a gun commercial. smith & wesson wins eith

later oracle founder larry ellison speaks to the graduating class at the university of southern california. >> booktv with 48 hours of non-fiction authors every weekend. here are programs to watch for. saturday night at 10:00 eastern on "after words," senate majority leader mitch mcconnell discusses his life and politics and his book the long game, a memoir. he is interviewed by tennessee senator lamar alexander. >> all majorities are fleeting and depending upon what the american people decide this november i could be the minority leader next year and the majority leader position does present a real opportunity, even in a body like the senate which is very difficult to make function, there are advantages setting agenda and what we call the right of first recognition to move the country in the direction it would like to go. >> on sunday, "in depth," live with guest steve forbes, author and editor-in-chief of "forbes" magazine. he will join us to talk about his life and career and his latest book, reviving america, which he argues repealing obama care, replacing the tax code and reforming th

the chairman of oracle, larry ellison, donated $200 million to the university of southern californiane of those vilified by bernie sanders and the socialists cadre. but he is a patriot. 200 million, many lives can be saved. factor tip of the day. please check out the factor website. different from bill o'reilly.com. we would like you to spout off about the factor from anywhere in the world. o'reilly @foxnews.com. name and town if you wish to opine. name of the day. no nascents when writing to factor. tomorrow, we'll use a lot of your mail about the debate tonight. which i thought was very interesting. i hope you did too. we'll take your temperature, assess what's going on. bill o'reilly.com premium number, don't forget the no spin news tonight. also tomorrow, i'm going to take a look at what the three nonrepublican candidates, the libertarian and two are saying about illegal immigration. we'll take a hard look at that. again, thanks for watching us tonight. i am bill o'reilly. please always remember the spin stops right here. yes, we are definitely looking out for you. >>> breaking t

. >> larry ellison. oracle's tonight. >> oracle is tonight. >> he's a competitor.ever get between ellison and anything. you know how you can't get between a bear and its cub? don't get between ellison and anything. >> although oracle said it's no longer cheap. >> everybody else is trying to be bigger in the cloud, that's been working, trying to pass sap, trying to crush workday, trying to rival workforce. but there's been some poor reception to some deals. microsoft was poorly received linked-in. i liked it because it gave them growth. but kafium buying q logic. q logic goes up against emulex. another man like ellis, you don't want to compete with ha-tan. doesn't get talked about enough but i just did. >> on the heels of credit suisse yesterday saying the iphone 7, the real innovation is not going to happen? >> no. they talked not that lovingly about the watch. well, the watch, i still wear it. i like the bright one, too. the wife says where is the bright one? it's nighttime. i said, come on, i'm not going to switch watches at night. >> we'll watch that, apple. yah

[applause] [applause] [applause] >> next oracle founder and executive chairman larry ellison deliversent speech to graduates at the university of southern california. he told graduates as best friend apple cofounder steve jobs taught them that there is more to life than money. encourage graduates to try new things and not be afraid to challenge the status quo. >> good morning class of 2016. [laughter] thank you for inviting me here today. i am honored to be with you for your graduation from the university of southern california. this morning i would like to talk with you about a few experiences in the couple of ideas that tommy important lessons and helped me discover my dreams. when i was your age living going to school in chicago back in the 1960s i used to dream about this place. the university of southern california. back then -- this is all true -- back then my dream was to go to the usc medical school, get married, raise a family, and practice medicine in los angeles. growing up in a lower middle-class community on the southside of chicago medicine was considered the pinnacle of

larry ellison always understood the cloud.culed for a speech he gave but he has understood and been pursuing the cloud with impunity. so i love that the cloud revenues popped. the other side of the story is that while it's only 10% of revenues, i think that's the good news, and i also believe that he has marc benioff in hi sighhis sights much like he used to bill gates. it was a stop watch back then, how long would it take him to trash talk bill gates. now it's marc benioff. i love that story. and goggle, especially because of the downgrade. the price target was maintained. it's a short term potential, maybe shortfall in earnings. i love that stock. ruth brought financial discipline and we think at this multiple it's much more attractive than an electric yult. >> oracle, a man with his head in the clouds. kade kat katie, you are moderately overweight risk assets but conservative -- the less risky risk assets. >> meaning u.s. equities and u.s. high yield bonds which across the risky asset spectrum are the ones with the most cla

has larry ellison ever called you. >> i have the utmost respect for what oracle has done. that their license business has gone backwards the last six quarters. the market is moving away from them. they have been around 40 years. the technology is getting a little dated and we want to be the de facto solution for applications and no larry has not yet called. >> what is unique about this database that allows you to change so quick and allow the rapid updates? and who how proprietary is that and how difficult would it be for somebody else to copp it. >> a database is complex and not for faint of heart. but met life used us to consolidate. they spent two years and $25 million with the legacy platform and failed. then they tried on mongo db and in 90 days got it working. we allow people to manipulate data in a very natural way. . and the uber of china generates about four times the size of the american market and they build their platform on mongo db. >> a lot of companies that have issues like that and don't really know that the customer is working with this product and this p

ellison pled not guilty and he is free on bail. abc news reporter is live at the san francisco police department with more. katie? >> larry, san francisco police made the arrest after the internet against crimes unit. he lives in allah alameda and that's where he last worked at an elementary school. emanuel ellison is charged with trying to meet up with a minor. the girl was actually an undercover officer. >> here you have someone who is trying to lure our children and doing activities that are frankly quite disgusting. >> ellis son is a teacher and school librarian. the school district confirms that ellis son was an employee during the 2014-2015 school year. the district spokesperson says they are saddened to hear of the allegation. ellison worked in the schools from 2007 to 2014. the district read a statement saying at this time we have no evidence of inactivity and will cooperate with authorities. the fbi and homeland security were involved in the investigation and the investigation continues. >> this case is possible that there are other victims that have not come forward. if you are a victim or know anyone who can be

ellison pled not guilty and he is free on bail. abc news reporter is live at the san francisco police department with more. katie? >> larry, san francisco police made the arrest after the internet against crimes unit. he lives in allah alameda and that's where he last worked at an elementary school. emanuel ellison is charged with trying to meet up with a minor. the girl was actually an undercover officer. >> here you have someone who is trying to lure our children and doing activities that are frankly quite disgusting. >> ellis son is a teacher and school librarian. the school district confirms that ellis son was an employee during the 2014-2015 school year. the district spokesperson says they are saddened to hear of the allegation. ellison worked in the schools from 2007 to 2014. the district read a statement saying at this time we have no evidence of inactivity and will cooperate with authorities. the fbi and homeland security were involved in the investigation and the investigation continues. >> this case is possible that there are other victims that have not come forward. if you are a victim or know anyone who can be