business leaders earlier this year, president trump accepted a challenge from salesforce's ceo, mark benioff, to create 5 million apprenticeships in five years. last month, the labor secretary visited a bmw manufacturing plant in germany to observe the company's apprenticeship program in actions. under solar turbine's four-year program, apprentices get paid, trained, and mentored. by the end of the program, all of them get hired. company executives say the six-year-old program helps fill a critical need in a competitive marketplace. >> if the apprenticeship program helps us for the future. >> reporter: isaac moorehouse thinks apprenticeships are key to building the skills gap. three years ago he started praxis, a startup that matches apprentices with companies. >> it's a three-month professional boot camp. we're helping young people kind of get the skills and knowledge that they need to go and succeed in the workplace. then we're actually placing them in a paid apprenticeship. >> reporter: one company that works with praxis helps clients with electronic documents. apprentices are critical to

when ceo mark benioff met with president trump in a business roundtable he urged him to create 5 million apprenticeships in the next five years. trump seemed receptive. >> let's go for the five years, okay? >> i think apprenticeships are huge for the future. >> reporter: isaac moorhouse thinks apprentice ships are the key to bridging the skills gap. three years ago he started praxis, a company that matches apprentices with companies. >> it's a three-month professional boot camp where we're helping young people kind of get the skills and knowledge that they need to go and succeed in the workplace. >> reporter: one company that works with praxis is this startup panda dot. it helps with electronic documents and apprentices are critical to helping panda doc manage web traffic. >> 1 million people come to our website every month. i'm more likely to hire from an apprentice program that's hungry for that experience than someone randomly job searching. >> reporter: olivia van warmer chose an apprenticeship over going to college. she believes this path gives her a higher return on investment. >>

. >> and mark benioff. >> do you think safra catz is going to say you have to get the money back in?e's not stopping people from getting the money in he's pro that. wilbur ross is saying everything's great it's great, great, great you know, it's great it's great, david. >> okay. if you say so. you were away for a week there's a lot of agreeness that went on during the week i was gone so much had to come on the phone a couple of times with the change at the top of ge and the deal -- not giant in the sense of size. diapers.com was probably a larger percent and of market cap than whole foods is in terms of right now but giant in terms of impact >> i look at this group and i say these guys, the common ground they have is that they want to get in and get out >> there's still a lot of buzz today surrounding the amazon deal now published reports say that amazon will likely take steps to cut prices at whole foods and reduce head counts grocery-related stocks did tumble deutsche cuts costco to a hold, are there buckets of devalue that are unamazonable? >> this is like when walmart destroyed a

. >> before we get to rick larry, i get you heard mark benioff out there at this summer davos event saying he feels like the f.a.n.g. stocks are still undervalued right now. >> sure, sure, yeah, and he doesn't have a conflict of interest, does he? i mean, it's not like he's talking his own book as the single largest share holder in any technology stock i mean, you know, what's good for him is good for him, right and my investors, i need to protect their capital. i don't need to worry about what he's doing in silicon valley i think he's doing just fine we'll protect our capital and look for income second half of the year. >> netflix down 4% today. >> rick, let me steer you to what i'm sure you've been focusing on today, the skyrocketing yields in europe starting, you know, the ten years, whether it's in germany or france or italy or wherever it was and the impact it's had on our own yields in the united states what do you make of some of the hawkish talk from mario draghi this morning >> well, everybody is focusing on what's going on in d.c. and it's having these outsized effects in stocks.

benioff there. join us at 11:30 a.m. for the bank of england's financial stability report, followed by mark carney's speech that's it for today's show i'm willem marx. "worldwide exchange" is coming up right now >>> good morning the draghi pop big moves in the euro as the ecb president talks up the economy >>> 22 million unshired. the congressional budget office releasing i score of the senate's healthcare bill we're live in washington with the latest. >>> and marc benioff sits down exclusively with cnbc. it's tuesday, june 27, 2017, "worldwide exchange" begins right now. ♪ >>> good mornings.

it's don't fabulously mark hurd, he has a total philosophy against his enemies you know what toto is for. >> the dog from "the wizard of oz"? >> no, turn off the oxygen they let benioff got ahead, but he's toto'ing all the other opponents. will you be on the call? >> i will be listening i won't be asking questions. >> maybe you can pass it on. >> ask him about toto. >> i will. maybe he's actually heard it. >> hurd has heard it these are three executives, by the way, they are freight trains >>> let's quickly wrap this up. >> really? we have a lot of things. >>> anybody else >> not enough. not enough. >>> why not? >> because it's total re-rating. $66 billion in cash. >> how long has oracle been a value stock? how long has been it -- >> you could say arguably a decade >> that long >> yeah. you can't rate a value stock anymore. if safra is right, then she's saying it's going to accelerate here this was a triumphant called i want to say congratulations. what's with heather bellini? what was with her not saying congratulations? she's out. she can take her way -- i was going to do a little, you know michael corleone about what happens to her now that she's not in she's out.