never ever goes down larry ellison takes a shot at amazon as oracle takes a big leg higher and semis continue to outperform a downgrade to peloton the stock is coasting in the wrong direction. we'll talk to the analyst making that call and then google employees say they want inflation pay. why leadership is pushing back and what it reveals about labor in silicon valley right now, julia. >> and inflation data coming in hot this morning, but not as bad as feared. the tech sector is back in the green following yesterday's selloff but the underperformance of growth still the biggest theme. mike santoli is watching that. >> an uneven mark that way it's breaking down in terms of some of the big, more defensive names within growth and then the rest of the market. if you kind of look at how it has set up over the last several months a lot of talk on how the top handful of names in the nasdaq have been disproportionately responsible for the overall year to date gain in the broad composite. the separation opening up between the nasdaq 100 and the nasdaq composite, which normally would be a lot

mean while deutsche, ups to buy this morning >> this was an amazing call larry ellison trash s.a.p, yesdea his cloud doesn't have any people, it's all digital, so it can't go down on-premise, every big bank, bank of america just on-boarded to see what a competitive ceo is like, ellison pulls no punches marc benioff -- >> he's not ceo, actually. >> he's chairman. >> chief technical officer, something like that. >> he's chief evangelist. >> yeah. >> i just love him he doesn't like me i once went to his island. >> and don't forget he owns a lot of tesla, more than cathie wood, i was reminded yesterday he's a visionary, a genius, competitor he doesn't care about anything other than winning you've got to love that. >> he's doing it a business is very strong. [ bell ringing ] >>> also cvent celebrating a lista via spac >> can you imagine a couple strangers get together and you write them a check >> the way he presented that, i think it's clear from chairman gensler how he feels, or how he feels he -- but they're not going art. will we ever see the left of by the way, ipos in general has not b

she serves with larry ellison at usc. i can't even begin to talk about her accomplishments because we wouldn't get to the panel. but what we would get to is her humanity, passion and drive. and now with the future. we have talked about the past, and we will look at where we are going and what we need to accomplish. thank you very much. [applause] >> thank you. it truly transformative individual. and i first met her and we met through our -- and i will never forget this because she called me up and said i don't know you and i would like to know more about the way you think about cancer. and she asked if we can meet. i said sure. i went into the restaurant and i told them i was here to see her. they said, let me take you to the table. i thought, oh my gosh, she has her own table. that was very impressive, i have to tell you. but it is without a doubt a real gift to cancer research. the policy issues that you see and talk about here today. it is been my pleasure to bring out the board, and it has really made a difference. an

business than their own premises business and their margins will be better than pre-pandemic levels larry ellison, bullish as well, he pointed to the particular strength of oracle's autonomous database and also their my sql database divisions saying quote, because of their extreme high performance, both products present huge growth opportunities for a cloud infrastructure businesses. so some positive commentary about the fiscal third quarter is what's sending that stock up now over 10% guys >> thank you very much let's trade it, guy. what do you think? especially in light of what's happened to enterprise software names in the last three weeks. >> guess what's now a cloud growth company yes, you guessed it. oracle 47% operating margins. now it looks like fusion, 8500 customers. revenue grown 35%. net suite, 28,400 customers. revenue growing 30%. it trades at a pretty much a market multiple. maybe a little bit north of that with growth that is just off the charts this stock should be north of 100 bucks off the back of this earnings release and i can almost categorically guarantee that analysts who

your thoughts by the way, a little bit later on in the show, but right now let's make grumpy old larry ellison happy for once and talk about his baby and that is oracle. the little talked about stock soaring to all-time highs in the back of the earnings beat fueled by the cloud guess what oracle is now the best-performing stock in the tech sector this week and the stock has now also outperformed cloud rivals like microsoft, salesforce and sap all year. let's welcome in another voice our friend, sarat seti who owned it you have been the oracle of oracle telling people to buy it. why is it finally now starting to get a little bit of attention? >> so what happened was you finally went from mid-single digits to high single digits growth rate and what the company is forecasting now is on the high end of 68%, this is something that they've been saying for a few quarters, nobody believed them and the stock was trading at 14 times earnings they've been buying back shares for the last three years now what you're seeing is this inflexion point. the cloud is now growing high double digits and you're seei

acquire an electronic medical records company, oracle's chairman and chief technology officer, larry ellison company is buying cerner. that company is based in kansas city, missouri. ellison says the acquisition will quote transform healthcare by delivery by providing medical professionals with better information, enabling them to make better treatment decisions resulting in better patient outcomes. the fcc has reached settlements with several phone companies over investigations into failed 911 calls 18 t, verizon and toronto and lumet technologies. will pay a total of $6 million due to failed calls, which happened during network outages in 2020. the companies have also agreed to ensure compliance with the fcc's 911 availability rules moving forward. t mobile agreed to paint $19.5 million last month. cities and states are asking for more help from the feds ahead of president biden's major address on the covid pandemic arm rich edson in washington. i've got the details coming up. plus more pro sports making changes due to covid concerns coming up, we'll tell you why the sharks will have to wa

unless they have a game plan oracle had a great quarter, too, for give me for big so bullish about larry ellisonhe world cerner is very good. medical records matter so health care is like the last holdout from being in the cloud and being digitized. so i am pro this deal, trying to get saffer on. >> last time i talked to her was around the people soft deal, so i think you have a better chance than i do. >> i am a huge fan. >> maybe the fda can use their services and help and sign off on things more quickly if they digitize. >> fda has that level of clarity. remember the nih, dr. fauci comes on, he's in charge of media. >> yes, okay >> he's the media guy. come on, really, i don't know, whatever you say david, it's never been this did you see functional i've never seen it like this meanwhile, how many days have we been saying they have the pill and now they say, we don't have the pill yesterday, but we fast-tracked that biogen drug, which i can tell from you my work with the brain foundation -- that it doesn't work it gives you four hours less of alzheimer's. >> carl, i think he needs to get out o

>> it was more like 13 times earnings and the street did hate it people don't like larry ellison.a change in accounting from selling licenses to selling basically annual subscriptions and slowed the growth. now that's behind them and getting the kind of growth that a cloud company could get. i wish i was on yesterday to pound the table. i call it modestly attractive company. reasonably price stock. >> up 59% so this year one of the best performing stocks in the index. you don't want to talk specific stocks but how much of a weighting should investors have to technology as a whole and in that group semiconductors and cloud and software companies. >> i think investors should be selective in the positioning and stickal the up every end of technology with pricing power. technology as a space that has been very limited in pricing power. not all technology is made the same i would suggest investors to stick with those that have real edge in that space and that's a very handful of stocks one of the things i would say is we have been constantly surprised about is expanding tam for those i

larry ellison predicted we grow organically and oracle has been up and up swing up 15% after those earningst year and oracle is waking up to the fact you have to get bigger. they've been outcompeted by amazon and microsoft and they've shown a reflexive muscle opening their wallets. buying tiktok for $30 million. stuart: robin hood, $17 a share, below where it ipo. >> $17, it was a cell, perfect storm. over for robin hood, organic growth and trading activity could face a multi-year head wins with clients engagement, i want to check on the meme stock, it buckled this week and especially in this environment where so many options, they expire. there will be a lot of distortion and volatility in the market. >> we have it up on the charge. >> the dow winners headed by merck on the upside this morning, walmart in their and so is verizon and ibm. we've seen that quite a few times. s&p winners, oracle in talks to buy them. nasdaq winners. who is the top of that list? serna corporation. resume is on the list, up today and so is otto and craft as well. nasdaq winners and if you was the loser they woul

ellison barber, thanks to all of you. let me bring in nahid bhadelia and larry garrett, a journalist for "foreign policy" magazine. imagine two better people to talk to today. so doctor, where are with we this as you see it, and how much can these moves by the administration help? >> i think we are approaching a rapid increase in cases. and the breakthroughs are expected. we saw those in terms of the way that this variant has provided a way to evade part of our immune infections against infection, but because it's moving so fast,ic what you're seeing is, it's going to find those who are vulnerable, unvaccinated, but also those who are older, extremes of age who haven't been boosted, their immunity might be waning. and so the measures that are being put are wonderful. i think we need to have the increased testing, i think there should be more ability to sort of -- the website is great, but we need to get these tests where there are surges of cases. the thing that i think that people need to hear is that it requires work not just from the administration, but from all of us. we've all become a little lax. and even if