government, and as you alluded to, larry ellison has one.s close ties to the government could it happen? sure are there a lot of synergies probably not >> and that's where i'll pick up with you, eric would we expect it to be a benign presence or would they have larger plans for it >> it's definitely a head scratcher. he makes the point that making it happen seems to enigrate every aspect of it trump wants it sold and these are friends of trump, so maybe there's something there. they're arguably they could make use of that social public data that's gleaned from that. use that data to help inform their cloud business, right? we can't -- it's really important to understand how data works for a lot of these tech companies. it's not just sort of something that sits in a database somewhere, it actually changes how something works. tha that's the devil's advocate there. at the same time the business logic escapes me part of it is a little bit back to the '90s when microsoft was king, and larry ellison saw them as a chief competitor and he's like, w

as you were mentioning last week, of course larry ellison, the founder, is a supporter president trumpperhaps that could make a bid for oracle perhaps easier. total speculation of course but there does seem to be a political connection between larry ellison, oracle the possibility of buying the tiktok , and president trump. emily: so, obviously, we have the republican national convention happening this week. this news late in the day that tiktok is officially suing the u.s. government. what are you going to be watching in terms of moves at the rnc continues throughout the week? abigail: i would be surprised if there were many market moves related to the rnc at all. some commentary expecting president trump to perhaps stepup the rhetoric on joe biden and, lara's. harris.iden and kamala bid foraw some kind of bonds that would suspect -- that would put some more uncertainty. the vix curve points to a big spike in volatility. where the volatility is even greater is around technology. you have these technology stocks soaring on the year. suggestingd 30, things could get interesting as we ge

emily: obviously we know that oracle and larry ellison, a big fundraiser for the president.d a fundraiser for him back in february. what does this actually mean for the talks with microsoft? how much of a wrench is this in the process? hash: listen, this process always been a political process. it is very unusual. when i heard about oracle atepping in for this bid, first i thought there is no logic to this. then i thought, well, the logic is the trump relationship. i think we are going to see a lot of that. --s is trump trying to get maybe this convinces microsoft to sweeten their deal. if he mentions in his comments that he is expecting to see a big payout for the treasury as a result of this deal, so maybe they are aiming to get more money, whether it's oracle or microsoft or whoever comes to the fore. or the u.s. government as a result of this deal. and of course none of this would be happening if trump did not put out an executive order saying he needs tiktok shut down within a few weeks, or sold to a u.s. company. with: how are the talks microsoft going so far? sarah: s

larry ellison, he is a deal-maker.idn't know that, susan, larry ellison, oracle guy is a trump supporter. i forgot about the money raising. it is my age. thank you, susan. >>> here is a name we don't cover very often, advanced auto parts. ashley you will tell me they are a lockdown winner? ashley: it is interesting. we never talk about them, turns out because of the lockdown more people are maintaining or repairing their vehicles. if i did that my car would never run again i can tell you that but others who are skilled in mechanics. if you look at the latest numbers, the revenue coming in at 2.5 billion, that is up 7.3% year-over-year. the earnings per share way ahead of what the street thought it would be. the company said that it benefited from consumers that received stimulus checks, unemployment benefits and changed behavior because of the impact of covid-19. it is pretty amazing. the stock is up 13% this quarter. and again, we don't talk about this side of the economy but advanced auto parts has done very well, th

a close second, you still have to bet on the mic soft horse, but it's the home stretch and if larry ellisones not come on tv, s if ra i already gegd her to come on, at the same time i think they're very real and jarrett has a close relationship with safra, these are people who obviously matter a great deal and i think that jarrett wants this deal to go to oracle. >> interesting, jim. as part of the larger china information the president did say yesterday he's not interested in further talks with china and then this bit about warning universities to avoid chinese names on delisting risk, i thought that was interesting. >> yeah, and also, remember, keep in front of you that the ipos have been far underperforming, the chinese ipos which by far are the largest co mortgage, underperforming, some have been disastrous, the president is close to that, peter navarro is close to that. if they start holding the chinese companies to the same standards as ours you will see it says allibaba and a big decline after that in terms of putting out numbers that look like u.s. numbers. i would avoid chinese sto

larry ellison has been great for 30 years they have done an amazing job at mic microsoft.hey're poboth very good the ceo is not the person that will do all of the management and execution of any product they acquire it depending on their teams. i have no idea who, on their teams, they would put in charge if they acquired it. >> we have to get your thoughts on the apple app store companies like epic games challenging policies, but specifically i'm interested in the escalation right now between apple and epic apple threatening to entirely quick epic out of developer access to the app store which is beyond fortnite and would affect epic's interest. this reminds me of steve jobs. he would be negotiating with someone. but this is different now. apple is different is this a smart move from apple? >> so i think there hasz be bee lot of misunderstanding here some unfairness to apple and some things that apple may need to change. if you will give me a minute, let me tell you what i think you can argue with it. we have done this many times, jon. and i respect -- i always respect you

larry ellison does have a cloud business. remember politics here are fascinating and but if you look at it on paper, neil, it has got -- you know, we should throw out logic. logic doesn't work all the time. logically microsoft should win. back to you. neil: that will be good news for your niece. so that was the real story there, that your niece could be affecting this. so we'll watch it very closely, my friend. always good to see you, charlie gasparino. there are other business reporters on the planet. i have not yet met a better one that fellow. no, not because he is italian-american. all right, because he is italian-american. corner of wall and broad down 223 points. we're southward and we told you about some of the a anomalies here. i'm not saying it is the new dow and not what it is doing. it does not mirror what is on in the market universe. s&p 500 trying to call into record territory. names like apple, amazon, host of others, that is well off to the races right now looking yet another record in the nasdaq 100, a key pr

and then the president says, larry ellison, he is one of us bingo.eal done. >> yeah, so you sort of see tiktok as proof of performance of cloud which was sort of the argument for azure and microsoft but you think it's more pronounced on the oracle side. >> yes, completely right i think that oracle -- oracle has said to me over and over again and i happen to like them very much, not that they think that, but i used to talk to the late mark hurd, i miss him, he was always talking about how great their cloud is, but they never got -- they never did the killer deal and this is the killer deal. this he should be really excited. i think we've got 50 million daily -- 100 million monthly average users growing like a weed, 50 minutes and, again, 25% republican, 25% democrat, it does skew conservative this is an oracle deal that could be done today. i have to encourage the treasury secretary to like take it to heart because i know oracle wants it and they're ready if they can do the code, carl, they want to prove that. >> i'm trying to listen to what you're sa

. >> reporter: larry ellison and oracle pursuing tick-tock which donald trump promised to shutdown.ny reportedly had talks, this is a beijing company, oracle will go up again if this continues with microsoft in the lead to take over tick-tock's operation, australia and new zealand, taking over global operations as well and we should add twitter has also expressed interest in the apps with millions of users. that is the fun thing about the story. the state doesn't have a stake. and to be america's first. >> it is clear, make it official on the utah fix list and make it be beer. >> for utah, promising to release the special can, a tag on social media getting 85,000 across different social media platforms. why not utah? >> democrats showering joe biden with praise on nice one of the dnc. nathan webb joins us with a reality check. rob: in 14 minutes i get paid to work but i want to preview what is coming up. i will try to whisper. nice one of the dnc is in the books. our guests talk about that. james cliburn will talk about night one and night 2. he will address the convention. on tap,

vonnie: larry ellison has some kind of relationship with the administration, the white house.s that got anything to do with it here? sense that is some the administration is looking for a way out of this dilemma, what to do about tiktok. tiktok is different from we chat, which is different. the feeling is the administration has been out in front on this, mentioning banding tiktok, senior officials talking about what to do with tiktok. now you will also have pushback from tiktok, a lawsuit. so there is a lot of desire to find a suitor to solve the issue around data, which is surrounding this, privacy and user data. it is messy. you have a window in which to make a deal before the company would be under some sort of ban in the u.s., and you have uncertainty about what this would mean ultimately because of that executive order that came out around banning the company. that would have to be lifted. a lot of pieces at play here. it is hard to see how this comes foron the positives side bytedance, also a key player, the owner of tiktok in the u.s. vonnie: president trump has landed

larry ellison's oracle is said to be interested in buying tiktok's business in the u.s. will others join the contest? and the world's top miner, bhp, reports steady underlying earnings on a surge in iron ore. the chief executive, mike henry, speeds up plans to exit coal. good morning, and welcome to "bloomberg surveillance." i'm francine lacqua in london. tom keene is in new york. a lot of the focus is on aggravated tensions will -- tensions between the u.s. and china. august.is the artist -- it is the oddest august. if you follow francine, you will know it is a surveillance veterinary clinic and they have a bird in the backyard and they have been taken care of the bird, so francine had to stay-at-home to save the birds of london. that is a good thing to say. it is the strangest august, and the only litmus paper you've got right now is the weaker dollar, the preponderant trend this morning. francine: yeah, weaker dollar. i'm also looking at a couple things. when it looks at iron ore, it is significantly up, and we are looking at gold. first let's get straight to the bloo

larry ellison's oracle is said to be interested in buying tiktok's business in the u.s.n the contest? and the world's top miner, bhp, reports steady underlying earnings on a surge in iron ore. the chief executive, mike henry, speeds up plans to exit coal. good morning, and welcome to "bloomberg surveillance." i'm francine lacqua in london. tom keene is in new york. a lot of the focus is on aggravated tensions will -- tensions between the u.s. and china. august.is the artist -- it is the oddest august. if you follow francine, you will know it is a surveillance veterinary clinic and they have a bird in the backyard and they have been

treasury must get some share of the sale and there must be a resolution by september 15th if larry ellisonind the right partners and get the right price, maybe this idea isn't so farfetched he says oracle has the cash pile of 43 billion and counting he says oracle could see this as more of an investment. larry oracle would not be running tiktok it would just be a big new client for its cloud business storing and protecting all that user data. brent sees this as a low probability event arguing that oracle is an enterprise company, it doesn't know the consumer and has a spotty track record of m & a. one interesting wrinkle here is mr. larry elellison. he has that unique relationship with president trump the very rare tech exec that openly supports the president, even hosting fund-raisers for him earlier this year. >> with the possible bidding war brewing for tiktok, we thought it would be a perfect time to play a game of match maker guy, who do you think? >> i know you're a huge tiktok guy, brian i've seen your link or your page or whatever, your channel. you know who the greatest tiktok per

interested and right now oracle is not valued as having a good cloud business no matter how much larry ellison says. if they get this business and keep it separate from china, we'll think oracle deserves a higher price i think if you own oracle, hold on let's go to dave in florida, please, dave >> caller: hey, jim. i love the show and have a 10-year-old son named james and he hates when i call him jimmy chill. >> he should like that that's the name my daughter gave me when she realized i'm completely not chill >> caller: making the case for great outdoor stocks. >> yes. >> caller: i like to see them a lot and had a great quarter and went down. callaway because golf is a great social distancing sport and winnie and all three stocks have been flat or down since i bought and i'm wondering if i should stay long or -- >> you want to it unfortunate -- the fact is these are companies doing really well and doing well because covid is not done and acting its toll on our country and i think that if you own those companies long enough, things will come back i'm in the concerned let's go to daniel in new

larry ellison, the founder, is a trump support, and maybe that is part of it, but how dance moves and silly video fit into oracle is unknown, but earlier, when ebay bought skype and then sold it, the report if the investors was, we are not sure why we did that. >> interesting. very much so. >> hip and cool, i guess. hip and cool. >> well, speaking of hip and cool, once the place that we went to buy clothes, the gap, and they are narrowing it down when it comes to the stores in san francisco, and one left. the chronicle is reporting in april that the decided to close for good including the ones on powell street at the embarcadero center and the one in stone's town galleria, and the only san francisco gap store spared is the chestnut street in the marina. >> well, the domes are now down in san francisco restaurant, because they were ordered down at the hashiri sushi restaurant, because the restaurant did not allow enough air flow or ventilation, and the restaurant is still brainstorming of ways to provide safety. they were cool and interesting and you can imagine that it is a concern in

customer service software and how tiktok would fit in there is a mystery, and now oracle's founder larry ellisons a trump supporter, and so perhaps that is part of it, but lauren and marcus how the dance moves and silly moves will fit into the oracle business model is a mystery to me. >> get your attention some kind of way. >> thank you, scott. it is 5:17 and look up from the phone, because there is something that you may have an idea about, because everybody is spending more time staring at the screen. consumers have spent 1.6 trillion hours in the first six months on 2020. and they spent 27% of the waking hours on their mobile devices in april. and that is more than four hours a day. and people spent about $50 billion on new mobile devices as well. >>> well, trending this morning, the barden bellas are back, and the stars of the "pitch perfect" movies came together to sing together for a great cause. ♪ it is you the one i love ♪ you're the one i need ♪ you're the only one >> right there, anna kendrick, and rebel wilson and ther cast members covered beyonce's "love on top" to raise money for un

one of those is larry ellison, a close friend of donald trump or friendly with donald trump, a big siliconter, and two of bytedance's investors that brought oracle to the party, that want investment oracle to buy the u.s. assets and probably more, general atlantic, sequoia. general atlantic run by bill ford. sequoia, one of the top people there, they are both major gop people in the valley. so you get where i'm going with this. we are talking politics on the oracle side, we are talking about technical expertise on the microsoft side. we should point out that microsoft shored up its political ranks by bringing walmart in, the big u.s. company, the ceo apparently is close with donald trump. microsoft also has a very effective lobbying operation. "new york times" did a great story on that and it's true, they are all over capitol hill, both sides of the aisle. so that's where we are right now. tea leaves now, on paper, cheryl. not saying this is what's going to happen. it's microsoft, you know, by a long shot. everybody i talk to. cheryl: i read your tweets -- charlie: they can do it. they hav

chairman larry ellison is a political supporter of his.ut the president also said weeks ago he's fine with microsoft, too. what's his preference between the two? >> well, i don't really know, to be goshdarned honest with you. but these are two great american companies, no question about it. and you know, they are some of the most powerful software companies in the world. particularly in the enterprise area. so this would be a new foray for oracle in the consumer space. liz: i want to get to the national security part of this. he said he will ban the app due to national security concerns, but he didn't really present any specific evidence of violations. can you give us at least some of the evidence that's out there about tiktok? >> well, you know, i think if you look at all these companies, they have members of the peoples liberation army imbedded inside of these companies and their loyalty -- liz: so does facebook. >> excuse me? liz: well, i mean, facebook, if you are talking about imbedded, you have facebook bots, chinese bots, russian bo

the financial times is reporting that oracle, yes, larry ellison has been in talks with the short videog, in particular if oracle wants all of tiktok? charlie gasparino has the details. hey, charlie. charlie: hey. i can't tell you that this deal is definitely going to happen. i can just tell you two things. there were talks, there's no doubt about that. we have been able to confirm that. preliminary talks. and the impression i'm getting from our sources is that these were talks that occurred in the past. it's unclear if oracle is seriously going to make a bid. at least i don't have that level of detail, that they are going to make a bid for tiktok or at least enter the phase of talks that is now going on between microsoft and tiktok which are very advanced talks and talks about how -- talks involved essentially how to secure the data, the user app data that the trump administration believes is being surveilled upon by the chinese government because tiktok is owned by a chinese company, bytedance. those talks are very advanced with microsoft and tiktok. i do not have whether those talks

its ceo, larry ellison, has been a vocal supporter of president trump.rvesting already off to an early start, producers agreed to produce just 8,000kg of grapes per hectare, down more than a fifth from last year. stay with us on bbc news. still to come: opec+ members meet to chart the future of oil — we'll be live in the middle east. we in the middle east. will find out what they may say. some other stories making the news today: ministers are facing growing pressure to increase the number of university places to study medicine in england so more students can be accommodated following the unexpected rise in a level grades. the move would have a significant financial impact on the government because the courses are subsidised. the captain of a japanese ship that spilled hundreds of tonnes of oil off the coast of mauritius has been arrested and charged with endangering safe navigation. crew members told police there'd been a birthday party on the day the vessel ran aground last month. the ship split in half over the weekend and its bow is being towed away

not sure of the legality of all of that he did raise it again with oracle and larry ellison is interestede company. we have the tiktok head of u.s. public policy. good to have you. man, oh, man, you have a lot of suitors at the dance. does the company have any official position on who it likes the most? >> i can't speculate on, or speak to the suitors but, as the president pointed out himself tiktok is very valuable and it is an asset to be loved by our users across the united states and something provided incredible value to the u.s. we have already hired 1500 people in the united states and continue to grow here in key states, another 10,000 people that we're hiring over the next few years and we're committed to be here and provide value in the u.s. as the president pointed out. neil: so this rush right now to get something done, you know, sooner the better, when it was microsoft alone, now others popped up including it, they said oracle, reports said apple was interested, netflix, i don't even know, but a deal is going to be scored with microsoft. our own liz claman has reported this a

catz is a sphinx you are not going to get anything out of safra catz she's not going to talk, larry ellisons not going to talk they're not leaking like seives. it makes me feel like it's going to happen sooner than later because of the stuff with mnuchin. >> there's cross currents, there's obviously the tiktok dance, you have the fades one talks. a lot of back and forth between the chinese and the europeans this morning, jim, talking about being strong economic partners dave, imd sure you're going to cover this filing for an oip which would give it a valuation bigger than some of our biggest banks. >> we should spend a decent amount of time talking about this and we will a bit later in the show perhaps, carl, but to your point ann financial will not be listed here and i think that's an important point, one that perhaps mr. cramer says is a good thing. >> yes. >> i would argue otherwise, it will be listed in shang phi, hong kong, will be the largest public offering of all time at least according to the people i speak with, $15 billion of stock sold in the domestic market in china and another

we know the ties between larry ellison and donald trump are fairly strong. so you do wonder if walmart came in so late in the game here and microsoft probably doesn't need the financial firepower, is there some other reason that microsoft was willing to partner with walmart here? maybe to tip the scale away from the oracle counterbid and toward their own bid? but even that, there are a lot of unanswered questions here how is the ownership between microsoft and walmart going to line up? who is going to own what they are only buying a portion of this company to begin with which was another reason kevin mayer left he says he wanted to run a global company, and it makes sense. tiktok's valuation has to do with the fact that it's global this deal is only four countries. so it's a weird deal already basically what you're seeing is we're going to level off the growth of this company because it already exists in all these other companies and by the way, it's banned in india, too. there needs to be resolution there as well. so to jon's point, it's very complicated, a

reporting that venture capitalist gaining momentum and might value tiktok around $50 billion or so but larry ellisonput him in pole position to buy up tiktok and buying out without the u.s., canada and new zealand. if you get a delay in the firesale, tiktok gets a win in delaying the sale because of the lawsuit, that helps the evaluation go up possibly to $50 billion, might be more, might be less. you hear some say it could be much less than $50 billion, however, i should put out the tiktok owner, bytedance, the owner and billionaire founder prefers microsoft because he used to work at microsoft in years past according to the journal and he knows that they know how to handle social media. stuart: microsoft could buy outright with the cash that it's got, oracle would get some money and from venture capitalist and they would get it. susan: michael unterman get someone under 40 billion and oracle 40 billion. stuart: amazing amount of money sitting around. susan: that's why when you valued tech stock, you get free cash flow pre-cash flowing off of their services. stuart: good point. microsoft has 140 bi

larry ellison, megabillionaire as well, holds the tesla as the single biggest stock holding this is itvesting. ashley: we do, very smart. susan, thank you very much. let's look at shares of domino's pizza. hmmm, pizza. they're adding to their workforce. lauren, how many new workers are we talking about? lauren: how many times have you ordered pizza during the pandemic? we're ordering all the time, right? that is why dominos is adding 20,000 workers. everyone from people who make the pizza to the drivers to the manager of the stores to handle the increase during the pandemic. dominoes has gotten a bigger slice of the pizza pie higher than papa john's and pizza hut. it is not just dominoes. other successful chains like popular chains like mcdonald's, chipotle, dunkin' donuts, adding workers. we want their food. the stock up for domino's up 36% in years. i have had not had domino's in ages but we order pizza device a week. ashley: i say at least twice a week. but we won't go there. lauren: really? >> i love pizza. i love leftover pizza. i digress. look at amazon and rack space. shares are

susan: some say larry ellison's closeness to president trump and the white house might be an edge foron threw a fund-raiser for the president earlier at his own house while the ceo and her husband have both donated to mr. trump's re-election campaign. however, microsoft has been negotiating longer with tiktok's owners and microsoft has more money, $140 billion in cash. oracle has less than $40 billion. tiktok might also be a better fit for microsoft since it does at least have some consumer facing products including linkedin and surface tablets where oracle seems to be all business and enterprise software. we know a deal has to be announced by september 15th. you have 90 days to close it but it's very complicated since both microsoft and oracle say they only want the u.s., canada, new zealand and australia and to carve out just certain segments and geographies, especially the code and programming involved, it's a complex deal. stuart: okay. we get lots of backwards and forwards movement for the next couple months, i'm sure. show me big tech, please. we haven't looked at that as a whol