a strong supporter of prop csot<marc benioff/propositon c. supporter: "i built my business in san francisco. whether it's our public schools or our public hospitals or whether it's our homeless, it's our obligation to give back to san francisco. that's how i look at this. prop c really institutionalizes for every company that has gotten so much from san francisco to give back at this crititcal time">that sentiment is not shared by every company in the city. although mayor london breed was among those opposed to the tax measure, she says her role now is bringing both sides togethersotlondon breed/san francisco: "well i already made those phone calls to a lot of the folks who supported the measure and who opposed the measure, inviting them in, having discussions about how we move forward because there is still some uncertainty around prop c about when those funds will be able to use and we can't wait for prop c to go through the court system"the legal debate is centered on whether or not prop c passed a two thirds vote threshold. however accord

before san francisco prop c past, the number one backer marc benioff have moved on to the next city issue musk tweeted out, benioff called on him to bring the technology to san francisco. tweeting elon musk, can you help us in san francisco. we need rapid transportation from downtown. can you do it? elon musk responded saying sure we can do it. the l.a. tunnel is a test. passengers will travel by pod under the city in hopes of reducing traffic. how real is this conversation? >> not that real. the demonstration tunnel is just a couple of miles long. these things require massive investment and permitting. elon musk has made big investments by twitter before. we saw a solar project get agreed to in a similar exchange. we can't totally discounted. i would see this as a sign of two moguls feeling confident. benioff because he just had a big win with pop c. elon musk because of tesla. emily: you know more about what the boring company is working on. we are talking about a pod vehicle that can only seat 16 people. how big an impact would a transportation system like this actually have? >> probab

soliciting for yes votes on "proposition c"...nats- "marc benioff, woo."alesforce chairman and co-ceo marc benioff rallied a crowd at mission dolores park in san francisco... stating that a yes vote on "prop c", which means a new tax on the city's wealthiest corporations... would provide additional health and mental services for the homeless population... and, prevent families on the brink of losing their homes from living on the streets. the san francisco controller estimates annual revenues under "prop c" at 250 to 300- million dollars beginning next year..marc benioff/salesforce- "do you want to know what the key to helping the homeless is, to helping them with their mental health issues or their addiction issues. do you want to know what the key is according to scientific studies to actual clinical research that's been published in the journal of american medical association and many other prestigious peer-review journals? the key to solving homelessness is a home, a home, a home." the "yes on c" campaign says there about 75-hundred homeless people liv

soliciting for yes votes on "proposition c"...nats- "marc benioff, woo." salesforce chairman and co-ceo marc benioff rallied a crowd at mission dolores park in san francisco... stating that a yes vote on "prop c", which means a new tax on the city's wealthiest corporations... would provide additional health and mental services for the homeless population... and, prevent families on the brink of losing their homes from living on the streets. the san francisco controller estimates annual revenues under "prop c" at 250 to 300- million dollars beginning next year..marc benioff/salesforce- "do you want to know what the key to helping the homeless is, to helping them with their mental health issues or their addiction issues. do you want to know what the key is according to scientific studies to actual clinical research that's been published in the journal of american medical association and many other prestigious peer-review journals? the key to solving homelessness is a home, a home, a home." the "yes on c" campaign says there about 75-hundred homeless people l

a strong supporter of prop csot<marc benioff/propositon c. supporter: "i built my business in san francisco. whether it's our public schools or our public hospitals or whether it's our homeless, it's our obligation to give back ">that sentiment is not shared by every company in the city. although mayor london breed was among those opposed to the tax measure, she says her role now is bringing both sides togethersot in san franci

we spoke with marc benioff. have a very serious homeless crisis in san francisco and it is getting much, much worse. we have 7500 homeless individuals on the streets, 1200 homeless families each with two kids. and how are we going to get them off the streets? it is getting worse, it's a problem. we know it. that is why i'm voting for prop c. selina: what about the unfairness that other companies are citing? you have jack dorsey saying that there is an unfairness i see in my company square which would be , taxed at a significantly larger total contribution. do you see the unfairness? marc: what i see is a crisis of inequality in san francisco. we have 70 billionaires in our city. that is incredible. we have companies that you report on with hundreds of billions of dollars in market capital. salesforce is the largest employer in san francisco. market a $100 billion cap. you just talked about a few companies. square worth $30 billion, twitter with $20 billion, stripe, $20 billion. the amazing thing is these compani

we met up with marc benioff today and he it. let's take a look. salesforce chief marc benioff is spending a whopping $8 million in both corporate and personal money to help pass a measure. >> you just need to walk down this very street and you'll know in a few blocks you will encounter all kinds of individuals. it's the worst it has ever been. >> prop c will reduce homelessness. >> reporter: the billboards brought life to the underfunded home lesko legislation who came up with prop c. >> just to be clear, phil, it is important that big companies making a lot of money in san francisco that they would pay their fair shares. and other businesses that don't fit into the category like making multi-billion dollars. >> the boost has raised the issue of social responsibility, putting them at odds with their fellow tech titans. >> i'd like to hear what their plan is. >> and san francisco cannot just be the place where everyone will come that need services. >> is he buying the election? >> i will let you draw your own conclusion from what you see happening.

marc benioff backed the initiative. dan ashley is here to talk to him now. >> guys, as you well know, he was pretty much the poster child for prop c. marc benioff, the ceo of salesforce. >> thanks for having me again. >> last time we were sitting here, it was before the election and you were talking about prop c. it passed. >> i was pretty nervous. >> being here or prop c? >> prop c. i was nervous about being here. it had been a while. >> it passed, as you well know. you were the public face of it. you put $5 million of salesforce money, $2 million of our own money. i know you're pleased. what happens next? you're the public face to get it passed. will you be as active in making sure the money is spent well? >> i was pleased that every san franciscan voted. it was record turnout for the city. it was amazing in every election, every san franciscan should vote. that 62% of them voted for proposition c because, look, we have a homeless crisis in the city. we all know that. and we need to take immediate action. prop c is go

soliciting for yes votes on "proposition c"...nats- "marc benioff, woo."an and co-ceo marc benioff rallied a crowd at mission dolores park in san francisco... stating that a yes vote on "prop c", which means a new tax on the city's wealthiest corporations... health and mental services for the homeless population... and, prevent families on the brink of losing their homes from living on the streets. the san francisco controller estimates annual revenues under "prop c" at 250 to 300- million dollars beginning next year..marc benioff/salesforce- "do you want to know what the key to helping the homeless is, to helping them with their mental health issues or their addiction issues. do you want to know what the key is according to scientific studies to actual clinical research that's been published in the journal of american medical association and many other prestigious peer-review journals? the key to solving homelessness is a home, a home, a home." the "yes on c" campaign says there about 75-hundred homeless people living in san francisco. that works out to a

it shows the difference that marc benioff can make. another tax like that in seattle that did not pass because no one had the charisma and the force. and the fact freak that he got behind this made such a difference. me, we will have to have this conversation over and over again. it is in other cities. tech wealth has come to the rest of the country and we don't know what to do with it. we will have to take some of those gains and invested in social services for other people. and we do that, we will feel better about living in san francisco and making money in seattle and building rate businesses that affect the rest of the world. >> he came on our show to promote prop c. do you think it is a dingbat law? i feel weird taking a position on it. to pay the tax. our company is too small. says a lame thing for us to everybody else should pay it. that whene noticed is voters get frustrated that the government isn't doing anything, they do a tax that is not the ideal tax. it could have been better structured, funneled to different programs. t

(pam) salesforce c-e-o marc benioff is once again donating from his personal fortune.... to help the city of san francisco fight the homeless crisis. that effort now includes a partnership with the city ... to transform a former hotel into housing. the 58- unit building will house people who are formerly homeless. it will free up space in housing units they are currently occupying, for people who are now living in shelters or navigation centers. and it is due in part, to marc benioff who donated six- million dollars of his own money to the project. < marc benioff, salesforce ceo: "bristol hotel is a preview, and this announcement here today is a preview of what is to come. because the city will finally have the money to do it not just to do this what to do so many other things that are on our list it's a beginning of a whole parade of new investments to end homelessness in our city.> (pam) benioff was (pam) benioff was a big backer of proposition- c in the last election ... which will tax the city's biggest companies to raise an estimated 300-million to fund homeless prog

the idea started with a twitter exchange between musk and sales force billionaire, marc benioff. he tweeted this video that his boring company does in los angeles. benoff responded asking elon musk if he could build something similar in the bay area. musk responded with sure, we can do it. no further comments. >>> giants mascot lucille breaking the ice for the holiday ice rink. the opening ceremony included a skating demonstration. i think that's brian boytano, a fan of the annual tradition. >> everybody loves coming here to celebrate the holiday season. they like going shopping and skating, they like seeing the tree. it's turned into an iconic post. >> it's a great spot, even though it's 80 degrees outside it foleels like. open through january 21st. we need to get out there and skate with brian. >> i'm totally getting out there. i'm doing my hamel camel for brian. >> i actually can't do it. sort of a modified hammel camel. . i do a version. >> i got to see it. >>> it's going to feel like florida outside if you're going to the skating rink the next couple of days. plus, details o

later this hour, marc benioff will be joining us.hy he is in support of taxing some of silicon valley's biggest companies to raise money for the homeless, despite big opposition. this is bloomberg. ♪ emily: earlier this month, the irs unveiled proposed for what steve mnuchin said could be a $100 billion investment in distressed areas. the proposal details how taxpayers can qualify for special breaks by investing in low income areas. but a hidden clause could deter venture capitalists. the rule requires businesses generate at least half of their gross income within the zone they operate. for startups, many of which seek widespread sales, this could pose a problem. here to discuss is our next guest from seattle. walk us through why investors might be for or against this. >> as you said in the intro, the treasury is trying to walk a fine line. they want good investment in these communities. they want investment that is going to help spur job creation and keep people from gaming the system, but what this one small clause in the regulatio

but salesforce ceo marc benioff, a high-profile supporter of this proposal, said any measure put on the ballot by voters needs only a simple majority, not the two-thirds required if put on the ballot by an elected official. >> the city attorney has already said 50-plus-one is victory. he has written about that. it is clear as day. there's clear legal precedent. let's enforce prop c. there's no legal question. >> reporter: here's the breakdown of where the more than $250 million generated by prop c would go. 50% would go to getting people into permanent housing. 25% would target those with severe mental health and substance abuse. the rest would go to preventing homelessness and getting more shelter and navigation center beds. there will be an oversight committee with experts revealing the results of this plan. in the meantime, breed will march ahead with her plans, which include adding 1,000 shelter beds at navigation centers by the year 2020. today there are 2,450 temporary shelter beds. that would increase the total number to 3,450. >> don't want to speculate or worry about something

kara saturday down with salesforce ceo marc benioff. she sat down with him before the face bike story. he had striking things to say about the social media giant and other tech ceos. eos.ld a grudge by raising your rates over one mistake. you hear that, karen? liberty mutual doesn't hold grudges. how mature of them! for drivers with accident forgiveness, liberty mutual won't raise their rates because of their first accident. liberty mutual insurance. liberty. liberty. liberty. liberty. ♪ whooo! want to get a move on your next vacation? tripadvisor now lets you book over a hundred thousand tours, attractions, and experiences in destinations around the world! like new orleans! from cooking classes, to airboat tours,, tripadvisor makes it easy to find and book amazing things to do. and you can cancel most bookings up to 24 hours in advance for a full refund. so your whole trip... will be smooth sailing! hi susan!hs) honey? i respect that. but that cough looks pretty bad... try this new robitussin honey. the real honey you love... plus the

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salesforce chairman and marc benioff is a well known supporter. he says that the homeless problem is an epidemic and that san francisco has no choice but to vote yes on "c." >> there is no plan "b." this is our only choice. "c" is for compassion. it's for care. it's for charity. it's going to take care of the homeless that we have. 7,500 homeless in san francisco. 1,200 homeless families each with two children. they need proposition c. that's why i know that it's going to pass. >> house democratic leader nancy pelosi is also throwing her support behind the measure. what are the arguments against "c"? opponents worry it could lead to jobs being cut or just being a waste of money. >>> if you have any problems whatsoever at the polls, we want to hear about it. nbc bay area is teaming up with propublica to track any issues this election. if you spot a problem, make sure to call us toll free at 1-833-nbc-kntv. that's 622-5688. or you can head on over to our website, nbcbayarea.com/decision2018. our election night coverage begins at 7:00 p.m. on tuesday

mayor london breed and marc benioff made the announcement yesterday. he is donating more than $6 million to subsidize the rents which will range from $500 to $650 a month. >> through bold and innovative isan example of the difference difference that we are going to make with public-private partnerships, the city, business, philanthropy and ngos all working together. >> the bristol hotel will open its doors in february and there will be 58 rooms. >>> this morning, a war of words and grapes has erupted north of the california border. a napa valley wirery has been accused of -- winery has been accused of misrepresenting wine after using labels citing oregon wine region. they grow the grapes in oregon but make it here in california. according to the commission only wine finished in oregon can claim they are from the state. after a meeting, regulators are hopeful to resolve this dispute. >> they just have to share a bottle of wine and then stop whining. >> oh. >> i had to. >> kenny. >> ba da bump. >> stop whining. drink a bottle of wine. >> oh, my goodness.

take big business and use that money to fund homeless and mental health programs and salesforce's marc benioff the supporters. he gave millions to the proposition and he spoke to abc7 news earlier this evening. > my biggest surprise in this campaign for prop c is that the people who have pushed back the most are the ones who understand the homeless the least. >> well, twitter's yak dempsey, dorsey, excuse me, twitter's jack dorsey, another tech biggie was as opposed to this ballot measure saying that he thought better policy rather than spending more money would be more effective. also against this ballot measure mayor london breed and state senator scott weiner. prop c if it passes would raise about $300 million a year. and that's actually doubling what san francisco spends a year on the homeless. that's the very latest from the yes on c party here in the mission. vic lee, abc7 news. >> quite the party there. >> definitely. >> now to proposition 6 the effort to overturn last year's 12 cent gas tax increase. >> prop c, proposition 6 i should say 55% of the vote is the projected winner. . % of

cloud cops is being carried out by activists and by employees of these companies so what does marc benioff have to say in reply to this uprising at his company i'm sorry i'm actually scuba diving right now yes he said that. actually scuba diving does create an emergency when anybody mentions it you have to immediately act interested. you know me oh my god if you've been scuba diving you've got to go it's the best thing in the world you've got to check it out if you've been to swim you should you've got to get in the ocean so you see so many beautiful beautiful company meters to go down oh god it's probably a hundred but it felt like millions you have no idea it's like so different out of here they're like another world yeah exactly like the little mermaid land there was like fish and like a turtle he didn't really want to do anything with us but he was like so cool i think i saw a shark can't tell who's very far away but and nowhere is this movement more alive than appellant here for a company with a fifty one million dollar contract with ice also known for its controversial predictive pol

. >> plus, a big announcement from san francisco mayor london breed and "salesforce tower" ceo marc benioff. how much money will go towards a housing project for the homeless. i am a techie dad. i believe the best technology should feel effortless. like magic. at comcast, it's my job to develop, apps and tools that simplify your experience. my name is mike, i'm in product development at comcast. we're working to make things simple, easy and awesome. sfx: tsfx: feet shufflingc life can change in an instant. be covered when it does... ...with a health plan through covered california. we offer free expert help choosing the best plan for you. and all of our plans include free preventive care. financial help is available, so check for yourself to see what savings you qualify for. for health insurance starting january 1st, enroll by december 15th. because you never know when life... ...will change. get covered today. >>> on the first meeting of the public utilities commission it was marred by vocal protest. christien kafton joints us from pg&e headquarters. protestors pointed the finger at the ut

salesforce co-ceo, marc benioff was the number one backer of the controversial homeless tax, that just francisco, that taxed some of the city's biggest corporations to provide funding for housing. he says a complete an important role in making change. >> there are two ways to make a difference. one is that business is business is business. the second way to look at it is that it is improving the state of the world. in today's world, when you have the crisis we have, and whether it is homelessness or the issues with our public schools and public hospitals, business can be a huge place. emily: other tech companies like square and stripe of those attacks, saying that it will tax them unfairly. that is it for this edition of ""bloomberg technology." tune in tomorrow for our interview with symantec ceo after those quarterly reports. check us out @technology. this is bloomberg. ♪ show me movies a grinch would love. [ bark ] nu uh, i'm picking the movie tonight. [ whimpers ] be sad, i enjoy it. show me grinchy movies. oh, goody. [ whimpers ] mmm, fine! show me movies max would like. see the g

marc benioff comes on talks about a boost, things are good you'll hear a lot from keith over the course quarters. >> you've got marc and -- >> really? if these guys say positive things, the bear market in tech could run its course for a second unless the president -- well -- >> you're right, for a second. >> salesforce, marc benioff? doesn't matter we're going to raise interest rates on china, david. >> sounds like a good plan, boss. >> what, did you call me a name? >> i did not. hawahat was that >> tt s in print. >> we're back in a minute. we so and through retirement. so you'll still be here to help me make smart choices? well, with your finances that is. we had nothing to do with that tie. voya. helping you to and through retirement. ♪ >>> good tuesday morning welcome back to squawk on the street i'm carl quintanilla with mike fab er f faber and mike santoli sara is off today. >>> the president threatening to slap tariffs on all chinese imports, that would include the iphones. >>> breaking up, biggest laggerd on the dow ceo greg hayes exclusive on the deal. >> general motors under fi

"salesforce" ceo marc benioff led the charge spending nearly $8 million of personal and corporate cash on this campaign. >> no matter what, i'm continuing my pursuit to help the homeless whether it's in our children's hospitals, whether it's in our homeless shelters, or whether it's in our public schools. i'm continuing everything else i'm doing and we fully exhausted ourself in doing everything we can for proposition c but there's no en the hoss and we will continue our path forward and everything that we're doing. >> prop c required a simple majority to pass. but opponents will challenge that in court. they say that it should have needed two-thirds of the vote which california law requires for some local tax increases. >>> voters also passed prop 7. this would allow california to consider staying on daylight saving time all year round. this is the first step in year round daylight saving time in california. but it would still need a two- thirds vote from state legislators and approval by congress before it takes effect. >>> 6:15. let take a live look at san francisco's giants atpark.

marc benioff, who supports the measure, if he thinks that charge has merit. >> i see a crisis of inequalityn francisco. that is what is striking to me. we have 70 billionaires here in our city, that is incredible. we have companies you report on with hundreds of billions of dollars of market cap. salesforce, we are the largest employer in san francisco, not just the largest tech employer. the largest employer. we have a $100 billion market cap. you just talked about a few companies -- square, worth $30 billion, twitter, worth $20 billion, strength, $20 billion. strike, $20 billion. the amazing thing is these companies can afford it. for us it is a $10 million tax. these are immaterial amounts to us. $10 million does not mean anything, that is less than the plane jack dorsey will fly around on. it is the money we need to make a difference in san francisco. >> jack dorsey is staying -- is saying at a certain point for square, it becomes unsustainable, and they will not be able to stay in the city, which in his words would be heartbreaking. >> that is what i see with the homeless, the homeless

selina: that was salesforce ceo marc benioff. still ahead, sweeping to power in brazil's election.scussed the role social media played and what countries should take from it. plus, tech companies recoil. the debate over free speech is on the internet once again and is front and center. that is next. this is bloomberg. ♪ selina: bolsonaro marked a hard pivot the right by winning an election in brazil. he campaigned on a right-wing platform privatization, liberal gun laws, and security. his rise to power is notable, in that like president trump, it benefited greatly from social media. what's at -- whatsapp is one of the main tools used. increasingly it is also a part of politics. it was also used to spread rumors of false news. let's head to rio de janeiro. cris co-authored a report. bloomberg reporter david miller also joins us from the bureau. >> what we see is a big, big amount of misinformation going back and forth on the system. we have analyzed about 50 images, for example, and out of those 50 images we got actually to analyze, we only found that four of them were totally true.

homelessness and that's why for us from the policy side proposition c that passed this november, where marc benioffl support of it he felt that, you know, look, this is a good idea, tech has a responsibility and has an opportunity to be helpful so we appreciate that. we're not alone in trying to help solve this problem but it's going to take all of us whether it's coming down here to volunteer, whether it's donating, um, which whatever way you can do it, we appreciate it. it's going to take all of us. >> reporter: you see a lot of volunteers here during the holidays. how do you get people in the door, the other 11 months out of the year? >> that's the question. we're grateful that folks choose glide as a place to volunteer and provide service and love to our clients during the holidays. but we're doing this type of work 364 days a year. so what i would encourage people is, you know, come during the holidays. but also come the rest of the year. we need a lot of help during the breakfast hours. if you go to our website, glide.org, you'll be able to sign up and sign up at the point of your -- at the s

speaking to jim cramer last night on "mad money" marc benioff said salesforce is in peak performanceode. >> we see hitting our big goal, which is 22 billion, $23 billio in revenue by fiscal year '22, and here we are giving fiscal year '20 guidance for the first time at 16 billion we're really excited salesforce remains the fastest growing enterprise software company of all time. that's incredible. >> salesforce shares are up more than 8.5% in premarket trading. >>> sources say tesla's head of global security is out after 11 months on the job. jeff jones managed teams at the car factory in california and a battery plant. a whistle-blower alleged tesla hid the theft of raw materials from investors that stock up a half percent in premarket trading. >>> campbell's soup is targeting the former head of pinnacle foods to be its next ceo mark claus led that company until it was bought by conagra the shares of that company are up almost three quarters of a percent in premarket >> soup is good investment, at least today. >>> we are just getting started on a busy wednesday. up next will powell

. >> marc benioff. >> great to see you, jim. >> remember what he said about the firefighters and first responders, they cannot be left to their own devices be back. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain. with an ingredient originally discovered in jellyfish, prevagen has been shown in clinical trials to improve short-term memory. prevagen. healthier brain. better life. >>> let me tell you something about the mechanics of being a commentator. what's really not worth it, taking a stand you're not awarded for taking a stand, not in this market, perhaps not in any market. i'd never do it, fortunately for you i can't help myself. but the incentives are all in the other direction. you're rewarded for equivocating, or saying on the one hand, on the other you can make your life a lot easier by either saying nothing or declaring yourself an eternal optimist or pessimistic. what people really hate, when you change your mind, when you reassess the situation based on new facts. when you're wishy was

critical. by passing proposition c we are going to give them the relief that they need.salesforce ceo marc benioff is prop c's biggest supporter. he feels that taxing san francisco's most successful businesses, including his own, is the best option.sotthe ones who have gained the most and made their businesses on the backs of the city , they are the ones who are going to be paying the tax. not consumers or small businesses. but the prop c also has opponents, including san francisco mayor london breed. she has said that prop c lacks the accountablity needed ensure the money will be used for it's intended purposes. she also believes it could make the city's problems worse because prop c doesn't include a regional plan to address homelessness. benioff says that prop c was crafted by experts and that the city would be responsible for managing the additional revenue.sot it's been created by the most important homeless advocates in our city. the medical professionals, the experts on the streets. they are the ones who fashioned it together. the people who are accountable are those people and city hall, i

challenges from the big businesses who will be hit with the additional tax, but sales force ceo marc benioff said that any measure on the ballot by voters needs a simple majority and not the 2/3 required if put on the ballot by an elected official. >> the city attorney has said that 50 plus one is victory, and he has written about, that and it is clear as day. and it is clear legal precedent, and let's enforce prop c and no legal question. >> this is the breakdown of the nearly 300 p million dollars generated by prop c would go, and 50% would go to getting people in permanent housing, and 25% to target those with the severe mental health and substance abuse, and the rest would go to preventing homelessness, and getting more shelter, and navigation center beds. there is going to be an oversight committee with the experts reviewing the results of this plan, and in the meantime, breed will march ahead with her plans to add that shelter beds will be navigated by 2020 and today, 2,450 temporary shelter beds that would inkrecrease the total number to 3,450. >> and i want to speculate or worry abou

. >> one other thing we have to talk about i talked about it with marc benioff, philanthropist.e got to talk about the homeless where you are people don't think there are any homeless you along with marc thought maybe it's not the best to have homeless living next to billionaires. >> if you look in silicon valley, the third highest rate of homelessness for a county, santa clara county in the united states the reality is we need healthy, thriving communities and we need everybody to be able to participate in this economic growth and we need inclusive growth that starts with solving for fundamental needs like not only homelessness but affordable housing and hunger, but then it also expands into, you know, providing education, helping people gain the skills that are needed for the next generation jobs we have 1.9 million students enrolled in cisco's network academies around the world right now helping them to get the skills they need to gain for the next generation of jobs. i thinkit's our responsibility marc believes that as well as a business community to actually play a signific

critical. by passing proposition c we are going to give them the relief that they need.salesforce ceo marc benioff is prop c's biggest supporter. he feels that taxing san francisco's most successful businesses, including his own, is the best option.sotthe ones who have gained the most and made their businesses on the backs of the city , they are the ones who are going to be paying the tax. not consumers or small businesses. but the prop c also has opponents, including san francisco mayor london breed. she has said that prop c lacks the accountablity needed ensure the money will be used for it's intended purposes. she also believes it could make the city's problems worse because prop c doesn't include a regional plan to address homelessness. benioff says that prop c was crafted by experts and that the city would be responsible for managing the additional revenue.sot it's been created by the mosimportant homeless advocates in our city. the medical professionals, the experts on the streets. they are the ones who fashioned it together. the people who are accountable are those people and city hall, inc

it's supporters by salesforce ceo marc benioff. >> on the companies that you knew and use, that started in san francisco, now it's time that we can all give back. that's what proposition c allows us to do. >> reporter: opponents -- opponents include mayor london breed and jack dorsey. san jose voters will decide on measure v. if approved, it would authorize up to $450 million in bond to fund housing construction for low income residents. but, the silicon valley taxpayers association is encouraging a no vote, saying less regulation is what's really needed. oakland voters will see measure w, a vacant property tax. if approved, it would tax properties used fewer than 50 days per year. supporters say there are more vacant properties that can raise millions for homeless services. but, the plan is opposed by property owners who say it's an unfair tax. and, two thirds of super majority is a prior -- required for the approval of measure w in oakland, another way of solving the crisis across the bay area. >> so many housing issues and seven different propositions to go through. >> seven across t

marc benioff/propositon c. supporter: "i built my business in san francisco. whether it's our public schools or our public hospitals or whether it's our homeless, it's our obligation to give back "mayor london breed/san francisco: "there is still some uncertainty around prop c about when those funds will be able to use and we can't wait for prop c to go through the court system in order to act"(grant) (grant) right now -- the legal debate is centered on whether or not prop-c passed a two-thirds vote threshold... it got around 60 percent of the vote. if opponents do challenge the measure in court, it will not stop the collection of tax revenue which is set to begin in 20-19. (grant) california voters sent a clear message on election night that they're against proposition 10...which could have expanded rent control.(vicki) more than 60-percent of voters say this ballot measure was not the answer to our state's housing crisis. so what is the answer?... kron4's michelle kingston has more now with what both opponents and supporters of prop 10 are saying now. .... (

critical. by passing proposition c we are going to give them the relief that they need.salesforce ceo marc benioff is prop c's biggest supporter. he feels that taxing san francisco's most successful businesses, including his own, is the best option.sotthe ones who have gained the most and made their businesses on the backs of the city , they are the ones who are going to be paying the tax. not consumers or small businesses. but the op c also has opponents, including san francisco mayor london breed. she has said that prop c lacks the accountablity needed ensure the money will be used for it's intended purposes. she also believes it could make the city's problems worse because prop c doesn't include a regional plan to address homelessness. benioff says that prop c was crafted by experts and that the city would be responsible for managing the additional revenue.sot it's been created by the most important homeless advocates in our city. the medical professionals, the experts on the streets. they are the ones who fashioned it together. the people who are accountable are those people and city hall, inc

prop c picked up support from marc benioff, the "salesforce" ceo estimating the tax could cost his company more than $10 million. but he says it's an opportunity for businesses to contribute to the communities in which they are located. >> that's how i look at this. prop c is tremendous because it really institutionalizes the need for every company who has gotten so much from san francisco to get back at this critical time. >> reporter: san francisco mayor london breed found herself on the other side of the issue, worried that prop c could discourage business development and concerns the measure didn't include details on oversight. breed said she wants to work on a comprehensive regional strategy and will work for consensus. >> my goal is to bring all of our stakeholders together, those who were for and against the measure for the purposes of moving san francisco forward because ultimately, we all want the same thing. >> reporter: opponents to prop c say they want to see change to help the city's homeless but say prop c is the wrong tool. though say the money will -- they say the money wil

prop c picked up support from marc benioff, the "salesforce" ceo estimating the tax could cost his company more than $10 million. but he says it's an opportunity for businesses to contribute to the communities in which they are located. >> that's how i look at this. prop c is tremendous because it really institutionalizes the need for every company who has gotten so much from san francisco to get back at this -- to give back at this critical time. >> reporter: san francisco mayor london breed found herself on the other side of the issue, worried that prop c could discourage business development and concerns the measure didn't include details on oversight. breed said she wants to work on a comprehensive regional strategy and will work for consensus. >> my goal is to bring all of our stakeholders together, those who were for and against the measure for the purposes of moving san francisco forward because ultimately, we all want the same thing. >> reporter: opponents to prop c say they want to see change to help the city's homeless but say prop c is the wrong tool. they say the money will nev

last week one of prop c's biggest supporters, salesforce ceo marc benioff joined me to talk about it.ays it is time for businesses to give back. some homeless people seem to be in support of this plan. this man is wearing a yes on c shirt. these images were posted to a twitter account about life in the soma neighborhood. a video shows a yes on c shirt among another homeless person's belongings. there you see it there, the blue shirt. today, no on prop c campaign spokesperson jess montajano joined us to explain his concerns about the proposition and the petition process that got it on the ballot in the first place. >> so proposition c we believe is the wrong approach to address homelessness in san francisco. it essentially doubles our home lts budgets overnight with no additional reforms, no additional accountability attached and we don't think it is a serious approach to dealing with san francisco's most serious issue. i think most voters in san francisco would be alarmed to hear that the largest tax increase in san francisco history was placed on the ballot through a few thousand sig

live with market moving opinions on key stocks including netflix and nvidia and sales force ceo marc benioffs after facebook comparing it to cigarettes. "the halftime

live with market moving opinions on key stocks including netflix and nvidia and sales force ceo marc benioff goes after facebook comparing it to cigarettes. "the halftime report" starts right now. >>> good to have you with us on this wednesday here to debate and trade the biggest stories of the day jim lebenthal, steve weiss, kevin o'leary, the chairman and cnbc contributor, amy raskin with us from chevy chase trust, andrew left with us as well for the hour he, of course, the founder of citron research. stocks reversing after opening higher it is apple where our focus remains. the world's most valuable publicly traded company under significant pressure yet again down five straight days for the first time since april, raises the question whether that one stock holds the key to the entire market. kevin o'leary, your opinion of apple, why it continues to trade the way it does, and how important it is to the overall market right now >> judge, we were together when the print came the night before about taking units off the roster and not telling investors anymore how many iphones or ipads were so