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doing whether we work with the business partners epa mark and benioff looeldz with salesforce with our corporate character that is so important to emphasis the companies coming here today have an opportunities to exhibit character to take into account what the commitment to social values and ultimately it is a part of what we do is we've got to create the talent for those companies for future generations salesforce noted here for 5 years but 20 years richard and i got together we'd love you to recruit from the people that live and grew up in san francisco this is little school house is is got wonderful kids from jildz that want to work for salesforce they love to be part of a 111 and part of the fact that dreamforce has has a theme for giving back starts within an understanding where tlaernts a derived it is education, education within the house education in the schools, education in the community it begins with some basically things like read that's why mark i'm here with my 3 books any daughter said you're giving away my books yeah, you read them 10 minds i want this threatened to be

a big partnership between microsoft and salesforce. .ber ceo will also be there mark benioff is the starshow and i think we will see a little bit of a victory lap from him after a big quarter last quarter. me lasto what he told time we spoke a couple of weeks ago. leslie do not have a great quarter. we had the best quarter we have ever had and it was amazing. i cannot believe salesforce's performance. honestly. we are still the fastest enterprise software company ever. the fourthwe will be largest software company in the world and that is amazing. is bigger at that point. our job than is to be number three. first, by a market cap and then by revenue. emily: you will a number of great guests coming up. speakingwho we will be with as well. i will do a panel with adrian, who you know as vincent chase from entourage. we will be on stage for an hour tomorrow, talking about his philanthropic efforts. mark: we will look forward to that, emily chang. thanks. still ahead, according to -- goldman sachs, the stocks you want to hold ahead of the decision this week. that story is next. ♪ mark: goldma

the ceo mark benioff wants to be the fastest enterprise software company to hit 10 billion in sales.his could help the company reach that goal. now, this year's lineup of tech notables, you're going to see mt. 's satya nadell and among others and dreamforce is not about the text force but music acts. foo fighters will be playing this year as well. carl, back to you. >> we just played "ever long" and makes us want to go see the foo fighters. josh, thanks so much. that will be fun to watch. a lot of action over at the nasdaq today as we get a check on the biggest movers when "squawk alley" comes back. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart

today mark benioff was not outraged.ging people as much as if they had booked their own individual hotel room. people attending the sales force conference this week found condo owners charging visitors $1300 a night for a shared bedroom tied on air b and b. >> i think it's terrible. it makes it inaccessible for people who want to come and visit. and the whole model is based on making things accessible. >> if i could get that much for my lace forplace for a week i w vacate for a week and charge it if people were able to pay it. >> reporter: one had this response to price gouging. >> it is a marketplace and there is supply and demand. we do need regulation of the marketplace of course, but at the end of the day we are grateful to have these sharing economy companies or we would not be able to do what we're doing. >> reporter: he did not of -- >> i do think that there is a responsibility of property use to be a little region this. >> reporter: now individual condominium owners i contacted did not want to talk about it. air

we talked ceo mark benioff right in the heart of the great recessi recession, when the world seemed to be falling apart. he came on "mad money." he said companies were beginning to hire salespeople again. many were incredincredulous. not many. that meant his management software were soon show an acceleration in revenues that could shock the world. since that interview in november of 2008, the stock has rallied more than 1,000 percent, climbing from five bucks in change to close today over 71 bucks. now, if we had focused only on the doom and gloom of the moment, and boy, was there ever a lot of that, we would have passed on salesforce.com or ridiculed the notion of buying a company that wasn't turning a profit. there were enough companies with dividends that were losing fortunes. why should we buy a new company with no dividends to support it? what supported and ultimately propelled this stock was the innate force of salesforce.com's sales. it had the better mousetrap and went on to become a company that reached a billion dollars in sales, then $2 billion, then $3 billion, then $7 bill

tomorrow you'll see sales force ceo mark benioff and cisco's ceo chuck robbins just to name a couple.his is a powerful week for "mad money," you don't want to miss it. and now it's time for the lightning round. are you ready? time for the lightning round. let's start with herb in kansas. herb? >> caller: hello, jim. thanks for taking my call. >> quite welcome. >> caller: my question is about vox incorporated. >> i have to tell you something, box is -- i guess people want to make money now. they wanted to grow the business but where are the big insider sellers everyone was so worried about? i didn't see them. i like it. don in florida. don? >> caller: booyah, mr. cramer. my stock is alexis, buy, sell, or hold. exel. i'm a big shareholder, blah blah blah, excel is one of my favorite biotechs even up here in six. let's go to dustin in california. dustin? >>. >> caller: what's your opinion on taser internation all? >> a young investor might be the key because it's speculative. it's down a lot but i like the core business. ed in new york. ed? >> caller: jim, public storage, buy, sell, or h

doing whether we work with the business partners epa mark and benioff looeldz with salesforce with ourorporate character that is so important to emphasis the companies coming here today have an opportunities to exhibit character to take into account what the commitment to social values and ultimately it is a part of what we do is we've got to create the talent for those companies for future generations salesforce noted here for 5 years but 20 years richard and i got together we'd love you to recruit from the people that live and grew up in san francisco this is little school house is is got wonderful kids from jildz that want to work for salesforce they love to be part of a 111 and part of the fact that dreamforce has has a theme for giving back starts within an understanding where tlaernts a derived it is education, education within the house education in the schools, education in the community it begins with some basically things like read that's why mark i'm here with my 3 books any daughter said you're giving away my books yeah, you read them 10 minds i want this threatened to be t

. >> it and you believe like mark benioff at sales force that the goal is to go to 1 fwold $2 billion as possible. that's your rap? >> it's taking a page out of his book. went from 0 to $100 million, our goal is to $3 billion and we're looking to map that out. >> obviously beyond just human resources, human capital management, talking about a full sweep. when you goo go into a pfizer, the largest pharmaceutical company, how do you approach it? what do you have there? >> there we have the full hr suite. we have a lot of pharmaceutical companies that are happy work day customers like j & j. gsk, amgen. so we've taken over that market. pfizer went through a detailed evaluation and chose workday. i'm the executive sponsor, that project will go well. i'll make sure. but we're running at 97% customer satisfaction. >> oracle reported the other day and what did they say? there were four mentions of work day. the when business comes up they win it from you. i don't recall you losing any customers to oracle. >> and neither do i. when we compete for new customers we beat them more than they beat

doing whether we work with the business partners epa mark and benioff looeldz with salesforce with ourorporate character that is so important to emphasis the companies coming here today have an opportunities to exhibit character to take into account what the commitment to social values and ultimately it is a part of what we do is we've got to create the talent for those companies for future generations salesforce noted here for 5 years but 20 years richard and i got together we'd love you to recruit from the people that live and grew up in san francisco this is little school house is is got wonderful kids from jildz that want to work for salesforce they love to be part of a 111 and part of the fact that dreamforce has has a theme for giving back starts within an understanding where tlaernts a derived it is education, education within the house education in the schools, education in the community it begins with some basically things like read that's why mark i'm here with my 3 books any daughter said you're giving away my books yeah, you read them 10 minds i want this threatened to be t

doing whether we work with the business partners epa mark and benioff looeldz with salesforce with our corporate character that is so important to emphasis the companies coming here today have an opportunities to exhibit character to take into account what the commitment to social values and ultimately it is a part of what we do is we've got to create the talent for those companies for future generations salesforce noted here for 5 years but 20 years richard and i got together we'd love you to recruit from the people that live and grew up in san francisco this is little school house is is got wonderful kids from jildz that want to work for salesforce they love to be part of a 111 and part of the fact that dreamforce has has a theme for giving back starts within an understanding where tlaernts a derived it is education, education within the house education in the schools, education in the community it begins with some basically things like read that's why mark i'm here with my 3 books any daughter said you're giving away my books yeah, you read them 10 minds i want this threatened to be

doing whether we work with the business partners epa mark and benioff looeldz with salesforce with ourorporate character that is so important to emphasis the companies coming here today have an opportunities to exhibit character to take into account what the commitment to social values and ultimately it is a part of what we do is we've got to create the talent for those companies for future generations salesforce noted here for 5 years but 20 years richard and i got together we'd love you to recruit from the people that live and grew up in san francisco this is little school house is is got wonderful kids from jildz that want to work for salesforce they love to be part of a 111 and part of the fact that dreamforce has has a theme for giving back starts within an understanding where tlaernts a derived it is education, education within the house education in the schools, education in the community it begins with some basically things like read that's why mark i'm here with my 3 books any daughter said you're giving away my books yeah, you read them 10 minds i want this threatened to be t

beloved hometown, san francisco, but we just want to make sure that they are responsible like mark beniofforce and giving back to the community and making sure that they lead benioff in his pursuit to give back to san francisco. >> cat rin? >> how many political will do you think there is to address the struggles of the middle class given that the middle class and the impoverished, i would add, given that i think of silicon valley as having a very libertarian streak and maybe averse to intervening, using any government mechanisms to intervene. >> it's totally true. there is the libertarian streak. what i'm trying to ask the questions, i'm not supposed to answer them. i'm just trying to say we need rules. in the new economy, the sharing economy of ground zero of san francisco. aye bnb is going on the ballot. a lot of rules are being decided right now. the whole country, even the whole world is looking to san francisco to decide what are the new rules going to be for capitalism to keep working and be healthy and make everybody rich and happy but also not make cities gated communities where o

doing whether we work with the business partners epa mark and benioff looeldz with salesforce with ourorporate character that is so important to emphasis the companies coming here today have an opportunities to exhibit character to take into account what the commitment to social values and ultimately it is a part of what we do is we've got to create the talent for those companies for future generations salesforce noted here for 5 years but 20 years richard and i got together we'd love you to recruit from the people that live and grew up in san francisco this is little school house is is got wonderful kids from jildz that want to work for salesforce they love to be part of a 111 and part of the fact that dreamforce has has a theme for giving back starts within an understanding where tlaernts a derived it is education, education within the house education in the schools, education in the community it begins with some basically things like read that's why mark i'm here with my 3 books any daughter said you're giving away my books yeah, you read them 10 minds i want this threatened to be t

donors for thege democratic party, people like mark benioff.number of times during this campaign so far to solicit donations and build those bridges with the tech community. cumbersome pelosi has represented that district for so long. do we get a sense of what her relationship is like with the people of the district, considering she has to fly all the way across the country just to get back and be close to them? emily: i did ask a question about that somehow stronger relationship was with the tech community who specifically issue close to? she said everyone. i know everyone. these are relationships that she has been working on for a number of years. so it will certainly be interesting to see how this particular presidential campaign plays out, given that many people like herself in the democratic party have very strong ties to san francisco in the community here. mark: emily chang joining us from san francisco. thanks. still ahead on the "bloomberg market day," china's to way over global markets continues. a late rally in shanghai stocks is hel

we have an interview with mark benioff, also behind us. salesforce. oracle is not merging with salesforce. it's just not happening. it's staying right off the table. i think what does matter is oracle is trying to move into the cloud. salesforce is trying to move into what i call just being a customer friend. and i know that there is -- what i actually regard as a friendly rivalry between the two. oracle itself is a very inexpensive stock. when you want just plain vanilla earnings. a return of capital, buyback dividend. but obviously, salesforce is one of these companies that i think is front row and the growth is work here. >> stim, someone's got to follow the law, larry ellison, don't they? when he decides to hand over the reins. >> always have to know what larry's up to. but i think we'll be hearing more. i'm sure larry will throw in some barbs about dream force because larry's a competitive guy. but that's just the way he is. if he were in the soda industry he'd be knocking every other soda company. that's his way. >> thank you. >> thanks. >> appr

i will speak with salesforce ceo mark benio coming up. benioff coming up. he fed leaves rates unchanged. what it means for technology/ ? a real life unicorn with new predictive technology. philanthropy.orce the story of the day. the federal reserve delaying a long-awaited decision to raise interest rates. what does it mean for technology? i want to bring in our chief u.s. economist who joins us from new york. our editor at large cory johnson in san francisco. carl, give us all the details. what happened today? carl: good afternoon. the fed was getting very close to pulling the trigger on interest rate increases late in the summer. however, when china devalue the currency and the turmoil erupted, the fed lost faith that the timing was appropriate. waitingead, the fed is to see the extent of negative feedback into the economy over those events. so, they need to wait longer before raising rates. they still have an objective to raise rates this year. not to guarantee that they will deliver, but they're watching to see the extent of feedback. the recent signs gi

doing whether we work with the business partners epa mark and benioff looeldz with salesforce with ourer that is so important to emphasis the companies coming here today have an opportunities to exhibit character to take into account what the commitment to social values and ultimately it is a part of what we do is we've got to create the talent for those companies for future generations salesforce noted here for 5 years but 20 years richard and i got together we'd love you to recruit from the people that live and grew up in san francisco this is little school house is is got wonderful kids from jildz that want to work for salesforce they love to be part of a 111 and part of the fact that dreamforce has has a theme for giving back starts within an understanding where tlaernts a derived it is education, education within the house education in the schools, education in the community it begins with some basically things like read that's why mark i'm here with my 3 books any daughter said you're giving away my books yeah, you read them 10 minds i want this threatened to be transferred to th

i will speak with salesforce ceo mark benio coming up. benioff coming up.aves rates unchanged. what it means for technology/ ? a real life unicorn with new predictive technology. philanthropy.orce the story of the day.

on wednesday, we have mark any off -- marc benioff with incredible special guests. only in the pitino, but in the showcase we have over , 2000 customers sharing their success stories. emily: everyone knows mobile, cloud and social, but how do they execute and make their companies the future? lynn: they can come to dreamforce and learn. we have over 1500 sessions. if you can't come to san francisco, we will have 10 million people watching live, so you can watch online. this is a place not just for salesforce to talk about what is next, but also customers and partners and incredible speakers. it is the place for innovation and a place to talk about where is the future? emily: every year, i look forward to marc benioff. the keynote is certainly a force. lynn: we have some incredible surprise guests as well. emily: i'm looking forward to it. we will be there all week. and we are also doing the world's largest book drive this year. we are going to raise a million dollars and i brought some of my favorite looks for you to bring and make the donation. emily: i appreciate i

doing whether we work with the business partners epa mark and benioff looeldz with salesforce with ourto emphasis the companies coming here today have an opportunities to exhibit character to take into account what the commitment to social values and ultimately it is a part of what we do is we've got to create the talent for those companies for future generations salesforce noted here for 5 years but 20 years richard and i got together we'd love you to recruit from the people that live and grew up in san francisco this is little school house is is got wonderful kids from jildz that want to work for salesforce they love to be part of a 111 and part of the fact that dreamforce has has a theme for giving back starts within an understanding where tlaernts a derived it is education, education within the house education in the schools, education in the community it begins with some basically things like read that's why mark i'm here with my 3 books any daughter said you're giving away my books yeah, you read them 10 minds i want this threatened to be transferred to the talent those kids are

i will speak with salesforce ceo marc benioff coming up. ♪ mark: -- emily: the fed leaves rates unchangedwhat it means for technology? plus, a real-life unicorn with new predictive technology. and we talk salesforce philanthropy. if uber has benioff a hard. first to our lead, the biggest story of the day. the federal reserve delaying a long-awaited decision to raise interest rates. what does it mean for technology? i want to bring in bloomberg intelligences -- bloomberg intelligence's chief u.s. economist who joins us from new york. our editor at large cory johnson in san francisco. carl, give us all the details. what happened today? carl: good afternoon. the fed was getting very close to pulling the trigger on interest rate increases late in the summer. however, when china devalued the currency and the turmoil erupted, the fed lost faith that the timing was appropriate. so, instead, the fed is waiting to see the extent of negative feedback into the economy over those events. so, they need to wait longer before raising rates. they still have an objective to raise rates this year. not to g

i will speak with salesforce ceo marc benioff coming up. ♪ mark: -- emily: the fed leaves rates unchangedr technology? plus, a real-life unicorn with new predictive technology. and we talk salesforce philanthropy. if uber has benioff a hard. first to our lead, the biggest story of the day. the federal reserve deng

benioff. ♪ john: i'm john heilemann. mark: i'm mark halperin.all due respect, to the gipper tonight it is all about the horse race. >> hello from the ronald reagan library. soon, two rounds of republican candidate will engage in back and forth on affairs domestic and foreign live on cnn. here is what the venue looks like from above. it is huge.

marc benioff had something to say about unicorns. markink we are going to see a lot of dead unicorns because what i see is businesses raising money at high market capitalizations were not focused on their fundamentals. joe: are we going to see a lot of dead unicorns? alan: mark and i agree 100%. joe: so we are going to see some of these billion can -- billion dollar companies dead -- : when market comparable metrics hit, in the first quarter you go public or second quarter and you don't meet your targets and have the kind of extraordinary growth rate, investors are going to say where's the beef? it does not seem to happen in the private market, where people have dreams of sugar plums in their head and are willing to extrapolate growth going on forever, which it doesn't. alix: why bother going public at all? they don't seem to care about profit margins, they just want that hockey stick revenue growth. why bother? alan: that is what we're hearing a lot more of -- companies are deciding that it's better in the secondary markets that seem to

benioff will be here with us, coming to u.s. 5:30 eastern time on bloomberg television. coming up next, we are approaching the fed decision with focus. wall-to-wall coverage, next. ♪ markne hour away from the fed policy announcement, raising interest rates for the first time since 2006. scarlet: u.s. stocks are fluctuating. they are looking for direction as we await the big announcement. its: as the fed makes decision, new economic data is underwhelming. housing starts in august and a key manufacturing index posts a surprise climb. scarlet: good afternoon. mark: everybody has been waiting for this and waiting for this and waiting for this and now we are one hour away from the up to our. policymakers at the u.s. federal reserve are deciding whether to raise interest rates for the first time in nearly a decade. let's begin with a look at the markets. wall street is fluctuating a bit today in anticipation of the fed move. 500 is upr market s&p nearly 0.20 5% and the dow jones nasdaqearly 0.10%, the is up over 0.33%. commodities, nymex crude oil is down 8/10 of 1% and 033%. crude is falling 2. looking at gold, there has been a question as to whether it's a safe haven given