that's on me, not on marc benioff. we should have sold it back then and brought it back lower.at drives me nuts. the stock was too rich at 300. the cloud based software storks where rates were rising all over but i fooled myself into thinking that salesforce would somehow be an exception because i like marc benioff so much, i like the products so much and the company so much. i have a cardinal rule of investing. stocks, not companies but stocks can get too expensive and when they do, you can't afford to rationalize or come up with criteria to justify owning them. i talk about the wall street fashion show sometimes whole sectors go out of style and there is nothing you can do except sell if you try to make exceptions, the fashion show will punish you like my travel trust was punished for holding on to salesforce.com that's not on marc benioff, that's on jim cramer i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer see you tomorrow "the news with shepard smith" starts now >>> three weeks till the elections. pr

. >> words from cells for -- cells for ceo -- salesforce ceo marc benioff. >> we will have more on that in a moment but it is all about the army we have a heatwave a lot of -- all about the warm. we have a heatwave. that is including san francisco. >> did we set any records today? mike nicco has a record for -- an answer for us from his rooftop. >> it is beautiful out here high everyone, --hi everyone. i hope you get to enjoy this afternoon and evening temperatures are moving forward. 95 is it cold in santa rosa -- 87 in oakland would set a record. the 90 of san jose -- 90 in san jose is one shy of the record. and the 93 in livermore is a record. there are other places around san francisco where it is warmer than that in the mid and upper 80's. i'm having issue with the controller. what i will tell you is we have light, down slipping wind as we continue through the evening hours. temperatures will still be in the 60's at the coast and in the 70's until eight or 9:00. we are in the 50's and 60's by 10:00. enjoy the wonderful weather. big changes on the way i will show it this weekend and

. >> words from cells for -- cells for ceo -- salesforce ceo marc benioff. >> we will have more on that in a moment but it is all about the army we have a heatwave a lot of -- all about the warm. we have a heatwave. that is including san francisco. >> did we set any records today? mike nicco has a record for -- an answer for us from his rooftop. >> it is beautiful out here high

[announcer] marc benioff [announcer] and bret taylor! you excited to be here?s is going to be huge. [michael] i want my daughter to have a livable world. [marquita] i just try to keep a [marquita] growth mindset. and the sky's the limit. [manish] you are capable [manish] of anything. [manish] the only limitation is [manish] in your mind. ooh, i hope you all are getting this. ♪♪ ♪♪ ♪♪ be ready for any market with a liquid etf. get in and out with dia. >>> mark your calendar for next tuesday. cnbc your money event. learn how to maximize your finances and invest in a brighter future with financial experts. register at cnbc events.com/your money or use that qr code right there on your screen it is time for final trade around the horn. steve? >> sign of the times, mcdonald's blew the cover off the ball. don't riscush out and buy it, wt for it to come back in better pricing >> courtney? >> i'll go with starbucks here ahead of earnings next week. this is a company with pricing power, the company you want to be in right now. a good play. >> guy >> i hope your favorite

[announcer] marc benioff [announcer] and bret taylor! you excited to be here? this is going to be huge. [michael] i want my daughter to have a livable world. [marquita] i just try to keep a [marquita] growth mindset. and the sky's the limit. [manish] you are capable [manish] of anything. [manish] the only limitation is [manish] in your mind. ooh, i hope you all are getting this. the hiring process used to be the death of me. but with upwork... with upwork the hiring process is fast and flexible. behold... all that talent! ♪ this is how we work now ♪ michael is back. and he's more dangerous. maybe the only way he can die... is if i die too. [ screaming ] >>> all right. welcome back to "the exchange. here's non-breaking news it's been a rough year for stocks p kind of shocking, huh but the deal long term is to entice low, sell high. where is an area of outperformance the russell 2000 has managed to hold on to its gains since the big drop back in june, still up about 3% since then. our next guest still sees opportunities there. harry wald, good to have you on agai

by the way, marc benioff is, too. he likes these guys. how can you not? they come in with ideas. finally, little one, got to talk about ve rrvertiv. a supplier to the data it doesn't fit into the cloud software theme give me a break. trying to be wholistic i bring it up because we followed it for a long time. this is an old school spac story led by the former ceo of honeywell and other people and they wanted to create picks and shovels for the data centers unfortunately, vertiv was just wrecked by supply chain problems already late last year the stock is e obliterated. stock is a disaster. the global economy is slowing and much more pressure on the supply chain can it make a comeback starboard is betting they can win big by focussing on profitability. you know what? i think they're dead right i really do. in my view, cody doesn't need starboard to turn this around. he'll do it himself. i think he started it. it's good to have their support. we seen them do a lot of good things when they're involved here is the bottom line, i trust starboard's judgment and if you take a look at th

>> marc benioff at time magazine.buying social media platforms and newspapers and other journalists out-- journalistic outlets. it's not a great business. i don't think jeff bee southeast is going to get rich with the washington post, but if we're concerned about peach and the free flow of information, i think it would extend to what certain forces in the media are concerned about with elon musk. howard: we'll see what he because. give him, like, a week, whatever. >>> still to come, a phone call, donald trump also with -- excuse me. congress trump and bob woodward going at it as these tapes become public. today with us. ♪ hen. ♪ ♪ it's our turn now we'll make it up again. ♪ ♪ we'll build freelance teams with more agility. ♪ ♪ the old way of working is deader than me. ♪ ♪ we'll scale up, and we'll scale down ♪ ♪ before you're six feet underground. ♪ ♪ yes, this is how, this is how we work now. ♪ howard: bob bob woodward has been all over t promotion his new audio book of trump tapes. woodward asked the president whethe

[announcer] marc benioff [announcer] and bret taylor! you excited to be here?is going to be huge. [michael] i want my daughter to have a livable world. [marquita] i just try to keep a [marquita] growth mindset. and the sky's the limit. [manish] you are capable [manish] of anything. [manish] the only limitation is [manish] in your mind. ooh, i hope you all are getting this. >>> protesters are crippling the government of the second largest united states city and the boisterous demonstrations leading to a resignation tonight. it comes after the recording of the racist conversation that we led the newscast with between los angeles city council members and a labor leader the former council president stepped down from her seat today. in a lengthy statement with lots of thanking and noting of her own accomplishments, there was but one apology only to her staff. the resignation comes hours after a chaotic council meeting that couldn't get going. that was early today protestors chanting went on for more than an hour. they forced the council to take multiple resources be

[announcer] marc benioff [announcer] and bret taylor! you excited to be here?ael] i want my daughter to have a livable world. [marquita] i just try to keep a [marquita] growth mindset. and the sky's the limit. [manish] you are capable [manish] of anything. [manish] the only limitation is [manish] in your mind. ooh, i hope you all are getting this. ♪ what will you do? ♪ what will you change? ♪ will you make something better? ♪ will you create something entirely new? ♪ our dell technologies advisors provide you with the tools and expertise you need to do incredible things. because we believe there's an innovator in all of us. >> welcome to the shark tank, where entrepreneurs seeking an investment will face these sharks. if they hear a great idea, they'll invest their own money or fight each other for a deal. this is "shark tank." ♪♪ with an easy way to take a comfortable bed with you everywhere you go. hello, sharks. my name is jim pittman. i'm from yorba linda, california, and my product is airbedz, the original truck bed air mattress. i'm here today seeking 250

[announcer] marc benioff [announcer] and bret taylor! you excited to be here?oing to be huge. [michael] i want my daughter to have a livable world. [marquita] i just try to keep a [marquita] growth mindset. and the sky's the limit. [manish] you are capable [manish] of anything. [manish] the only limitation is [manish] in your mind. ooh, i hope you all are getting this. mi to the best kept secret in wireless: xfinity mobile. ooh, i hope you all that means millions are saving hundreds a year with the fastest mobile service. and now, introducing, the best price for two lines of unlimited. just $30 per line. there are millions of happy campers out there. and this is the perfect time to join them... see how easy it is to save hundreds a year on your wireless bill over t-mobile, verizon, and at&t. talk to our switch squad at your local xfinity store today. >>> let's talk oil and oil stocks oil on the rise, oil stocks on the rise a good couple of days even as the white house said today that they want oil producers to produce more oil and the spr getting released again

[announcer] marc benioff [announcer] and bret taylor! you excited to be here?l] i want my daughter to have a livable world. [marquita] i just try to keep a [marquita] growth mindset. and the sky's the limit. [manish] you are capable [manish] of anything. [manish] the only limitation is [manish] in your mind. ooh, i hope you all are getting this. >>> all right. time now for final trades. jenny, you're first up verizon, they have maintained and paid a dividend for 38 years straight they have raised that dividend through '08, '09 you have a 7% yield on a stock trading at 7 times earnings. i don't know that it gets better than that. >> kinder morgan 6% dividend yield, buying back shares and how was it able to do that there's a lot of natural gas flowing through its pipelines, both for domestic use and for shipment abroad, which we know european union needs natural gas and they'll get as much as it as they can from the u.s. through kinder morgan pipelines. >> joe >> on a down day, let's find something that is actually up and you can be optimistic about that that's n

like my travel trust was punished for holding on to salesforce.com that's not on marc benioff, that's on jim cramer i like to say there is always a bull market somewhere and i promise to find it here for you on "mad money. i'm jim cramer see you tomorrow "the news with shepard smith" starts now >>> three weeks till the elections. president biden offers democrats an incentive to vote i'm shepard smith. this is "the news" on cnbc >>> together we'll restore the right to choose for every woman in every state in america so vote. >> how the president says that can happen. >>> and is abortion access still a liberal motivator? steve kornacki has the polling numbers. >>> the saudi arabia problem the white house discouraging companies from doing business with the kingdom while retired military brass earn big saudi cash. >>> unwinding. america's frenemies dilemma. >>> the mystery deepens after four friends dismembered and found in oklahoma. arrests and what police say the four men were planning. >>> a guilty plea to funding terrorist groups. >> it's hard for me to deal with the devil. >> the mas

[announcer] marc benioff [announcer] and bret taylor! you excited to be here? to be huge. [michael] i want my daughter to have a livable world. [marquita] i just try to keep a [marquita] growth mindset. and the sky's the limit. [manish] you are capable [manish] of anything. [manish] the only limitation is [manish] in your mind. ooh, i hope you all are getting this. vo: palantir software. empowers scuderia ferrari to make critical decisions a split second faster. palantir. data driven enterprise accelerator. >>> lightening round is sponsored by t.d. ameritrade. >> it is time, it is time for the lightning round, rapid calls, play the sound, and then the lightning round is over. are you ready ski daddy? time for the lightening round. let's state with ushman in texas. >> caller: hey, jim, thanks for taking my call big fan of yours been watching for two years. so here is a question, so i have paypal down 50% on both of them and i also have a position in disney so question for you is should i take some loss on american eagle and paypal -- >> i don't want to offer tax

shantanu, talking an your friend marc benioff and getting in there. emblematic of the questions investors have and seeing reaction in the stock postfigma. what needs to be answered that people need to understand about this deal and the broader creative landscape as you're getting ready to kick off not just adobe max but also an investor day >> jon, first, thanks so much for being here and taking time to be with us. the energy is palpable when you look at max and the fact as you said, after three years we're back in l.a. and just the energy of talking to people and how creative continuing to make a difference is great. to your question on investors i think, we use the financial analyst meeting to really talk about our strategy, and why digital continues to be a massive tailwind for us, when you think about what's happening in terms of how it's transforming, whether it's work, whether it's education whether it's entertainment i think the macro economic environment that exists today. everybody's trying to think about whether there's some short-term oppor

[announcer] marc benioff [announcer] and bret taylor! you excited to be here?s is going to be huge. [michael] i want my daughter to have a livable world. [marquita] i just try to keep a [marquita] growth mindset. and the sky's the limit. [manish] you are capable [manish] of anything. [manish] the only limitation is [manish] in your mind. ooh, i hope you all are getting this. >>> the chinese government forced shanghai's disney to abruptly shut down today guests left trapped inside the park after a total of ten positive covid tests on saturday in a metropolis of 23 million people this was the scene earlier today. according to reports, the people in those lines you see are waiting for covid tests, not allowed to leave until they test negative but they did leave some of if rides running. no word on when the park plans to reopen. this time, china's zero covid policy is still in effect. >>> michigan's football coach jim harbaugh says prosecutors should file criminal charges against michigan state players after a brawl broke out following the rival's game michigan bea

[announcer] marc benioff [announcer] and bret taylor! you excited to be here?s is going to be huge. [michael] i want my daughter to have a livable world. [marquita] i just try to keep a [marquita] growth mindset. and the sky's the limit. [manish] you are capable [manish] of anything. [manish] the only limitation is [manish] in your mind. ooh, i hope you all are getting this. >>> welcome back it is time for earnings exchange we have the action, the story an the trade on tesla ironic because we talked about gas prices ibm and lamm research. tesla shares down 29%. the ev maker faces difficult on demand, missed on deliveries, 14,000 fewer than expected an this guy elon musk surrounding his pending twitter deal bring in phil lebeau with the story and matt joins us with the trade. fu . >> what people will be focused on when numbers come out not just the tom and bottom line but the numbers within the number. automotive gross margins 28.5% is the consensus is it there or higher than that? that could give a boost to the stock. what's going on with the giga factory produ

best way to do things was to find things to do with direct messaging, which was something that marc benioffooked at when he was about to buy it, ceo of salesforce, he considered buying it at $29 because he thought that it would fit very well into a mosaic of where people are buying things and what they want and that -- in other words, it was part of a suite for a cloud-based service to help people figure out what people want, and that is what musk must do with it it has nothing to do with any of these things that's what he has to do he's going to do this, as a matter of fact >> he's going to do what, open a theme park in new mexico >> no. he's going to change covid in china. if you want to, you can make fun of me all you want >> we will >> it doesn't bother me. >> all i want? >> all you want. can i just go back -- the idea was, okay, let's just be very clear. the idea was benioff wanted to -- let's say you have a software as a service model where you're trying to figure out what people want there's no better product than twitter to be slotted in, and when you wanted to find out whether ther

what marc benioff is incredible.ompanies, when i'm working with companies as a board member or talking with companies, inevitably, they have salesforce, they're using salesforce, they're becoming a salesforce partner so, salesforce is ingrained in the fabric of so many companies and has become so important in the way they operate and conduct business to be able to invest in salesforce, for us, is terrific. it's a great opportunity we never expected to have that opportunity. but given what's happened with market conditions, given what's happened with valuations in particular with salesforce, it's given us an opportunity to make this investment. we're thrilled to be an investor in salesforce. >> okay. >> that said, what we're really talking about is a migration for them we've had a great conversation, great conversations with them. it's a migration for them. as companies are growing really fast, especially in the recent past, they've been rewarded for all of that growth and as they mature and as they get larger, they n

. >> that is -- as mark said in his last quarter, marc benioff, he said, boy, i did well in japan, but the dollar did better that was kind of like -- >> i got it. >> it was like a friar's roast of salesforce. you did a little bit of a friar's roast of salesforce yesterday with jeff smith. >> i don't -- i mean, i think he was trying to be constructive. >> i think he was very constructive >> he was focusing, obviously, as you know, on operating margins, saying, listen, this is a company that's number one or two in everything, and yet when it comes to their margins, they are not even close >> what i thought was interesting about, when you speak to marc about the -- what the speech was like, same thing. higher stock price >> they want a higher stock price. what's going on there that there isn't enough falling to the bottom line, at least in the opinion of -- >> the position, i didn't think the -- the $50 billion in acquisitions and starboard barely mentioned >> that's funny, because i mentioned this yesterday in a later report, and speaking of another activist, who i won't name, who's fair

mean, he's making every car sells, no advertising needed on twitter, i remember speaking with marc benioffuring the period with salesforce when he was debating buying twitter, and twitter was to look nothing like twitter does now >> it's the x app now. he keeps saying -- i don't know what that means but it's going to be the x app. >> it's like the cosmos. we don't know what the cosmos means. >> the company did $3.3 billion, this is tesla, in profits. >> cash flow's fabulous. >> cash flow is real they're going to approach a hundred billion dollars in revenues not too long. >> the lumen injection system in the 1/10 of the blink of an eye, he's able to make the front part the guy is -- i mean, henry ford -- he's henry ford without that kind of odd political -- >> he gets kind of political too. >> but not as -- not as couched against particular religious group. >> correct thankfully >> trying to -- >> all right yeah >> evercore today does point out, dan ooifz, the bullish narrative is being challenged. is this about logistics issues >> the bullish narrative is being challenged >> increase comp