companies including microsoft.e have the latest >> yeah, good morning, jon you just heard, members from congress on capitol hill are emerging from a classified briefing expressing frustration with the trump administration briefer there's saying that they're not get enough information they say there was mor information in "the new york times" today about this hack than they're getting in a classified setting some of the members of congress also expressing frustration that president trump has not said anything about this attack yet the people who are speaking about this attack, though, are painting it in dire terms. here's the statement from microsoft's brad smith in a blog post, smith saying this attack provides a moment of reckonning a global cybersecurity response he says is needed here microsoft also saying that they had detected some evidence of the solar wind malware in their systems. they're wrang wlg that right now. we have a statement as of last night from joe biden who is vowing to work with the u.s. allies

i just spoke to microsoft president rod smith. microsoft -- microsoft president brad smith. said that they did not get through the back door. take a listen to what he thinks is the scale of this. >> we have identified more than 40. we will see that go up. i will be surprised if this is something in the thousands. be betweenlikely to several dozen and several hundred. would you agree with that, that the number of entities where the hackers actually got into the back door would be somewhere between several dozen and several hundred? george: i think that there is a bit of good news here. you have 18,000 potential governors -- customers that solarwinds has. i think the vast majority will not seen activation of the malware. obviously, everyone is encouraged to upgrade. solarwinds has been very transparent and trying to get this fixed and work with their customers. i think it is going to take some time, weeks or longer, to figure out if there is an impact for to figure out a people actually had this vulnerable version. i think it is important for companies to have the right level

[laughter] what happened with usc microsoft and let's look at it quickly, microsoft had a monopoly on computer operating systems and had 95% market share and so it told the computer makers if you want to sell a computer with microsoft or microsoft operating system well then you have to install our apps or our software or our browser and so it basically made it so that netscape navigator which was a competing browser had no shot at competing so this is a big distinction. always ask yourself, is this competing based on merit to be the best or is this using muscle to kick out the other company and make sure they don't have a shot at competing? was microsoft saying we will have better features than escape and then win or we will make sure they don't even have a chance and there are documents saying these things and we will make sure they don't even have a shot at competing. because computer makers do not have a choice, they did not have an operating system they could use they had to accept microsoft terms and install internet explorer as the default browser in netscape navigator. the funn

i was going to say, remember, guys, that not only did microsoft at one point look at buying salesforceboth of these companies competed over linkedin salesforce, of course, is interested in buying linkedin and microsoft ended up buying it. >> and to say it's one of the most important deals of the year in tech says a lot we've already been through amd, record high today, and we've seen uber postmates, i mean, there's been a lot of m&a this year, but to say this is in the top, which it may well be, that says a lot. >> second biggest software deal ever, julia. >> and it really speaks to that focus on work from home as mark beniff said. let's bring in josh lipton >> julia, as you were mentioning, this is a historic deal in fact, mark benioff's most expensive deal to date and the second biggest ever for the software industry, behind only ibm's purchase of red hat. and in case it wasn't already obvious, this deal makes it very clear that salesforce's big rival is microsoft these two tech companies go way back, of course. remember about five years ago the ceo nadella was in talks to buy salesf

emily: how competitive do you think this combination can be microsoft? -- to microsoft?ember, we remember salesforce was trying to buy linkedin when microsoft scooped it up. dan: i think right now , microsoft, i don't view it as tremendously competitive vs. microsoft when i view this combo. i think over time, a year from now, that is where it becomes more competitive, especially in the collaboration front. for salesforce, they are playing a different game. they need to have the end-to-end sweep and when you look at what they are doing, they need to get out of the marketing department to the broader end-to-end solution. it wasn't for slack, they were not going to be able to do this organically. we have seen it. i continue to believe this is the right move for salesforce can even though it is from three months ago to an m&a. it is hard to argue with the success and the strategy that benioff has shown. emily: all right, well, we are going to be following benioff and butterfield appearing together on stage at dream force, which we will be covering throughout the week as well

microsoft when i view this combo.nk over time, a year from now, that is where it becomes more competitive, especially in the collaboration front. for salesforce, they are playing a different game. they need to have the end-to -end sweep, and when you look at what they are doing, they need to get out of the marketing department to the broader end-to-end solution. they were not able to do this organically. we have seen it. i continue to believe this is the right move for salesforce can even though it is from three months ago to an m&a. it is hard to argue with the success and the strategy that benioff has shown. well, we areght, going to be following benioff and butterfield appearing together on stage at dream force, which we will be covering throughout the week as well. dan ives, thank you so much for your analysis as always. coming up, everyone's favorite stay-at-home stock seeing some recovery from the plunge. the zoom cfo joins us for her outlook on the video platform, next. this is bloomberg. ♪ in a land not so far

microsoft, $1.6 trillion amazon, $1.6 trillion.la will be the number six stock in the s&p 500 if it were to go in today so, carl, an interesting look at that big goldman sachs call. there could be more upside ahead. if anything happens here with some of the big calls, but still, caution abounds when it comes to a stock that's run that fast remember, carl, $75 billion was the market value to end last year $550 billion now it's been a huge ride. >> yep as santoli said if, the market got this wrong, it's one of the biggest mistakes the market's ever made. incredible dom, thanks. watch boeing as well massive move as ryan air agrees to buy new 737 maxes now $240 which more than -- is more than enough to take out the june high. it's adding 100 points to the 'rba ia do wee ckn moment ♪ should auld acquaintance be forgot ♪ ♪ and never brought to mind ♪ should auld acquaintance be forgot ♪ ♪ and auld lang syne ♪ we'll take a cup of kindness yet ♪ ♪ for auld lang syne next customer please. ♪ ♪ >>> amazon is in exclusive talks to buy podcast

late october microsoft said their company has a strong commitment to privacy across all our services that according to patent filings this concept reportedly dates back to at least 2 years inside the company an application filed in 2018 was approved in august of this year we're 14 in los angeles and sweets are. that's all for now catch boom bust on demand on the portable t.v. app and will feel like time. continuity for change this is what's being asked when considering a potential fine foreign policy trump made a point to undo obama's legacy will be the same to trump's like this or is this all only be for continuity drives foreign policy not the occupant in the. hall and. he has a saying. there on the cheap 1st and then you improve all the countries don't let the idea is really there right it's going to do is come to that he said if we give them everything they do the best. in this country because this is what we don't understand how we are in such a country. doesn't listen to the ones at the same time. you're saying i'm going to . assume to run up a similar similar. a good one the o

365 into a full fledged workplace surveillance tool in late october microsoft said their company has a strong commitment to privacy across all our services now according to patent filings this concept reportedly dates back to at least 2 years inside the company an application filed in 2018 was approved in august * of this year where 14 in los angeles and. it's artsy. that's all for now catch boom bust on demand on the portable t.v. app and will feel like i'm. 6 guys just by the actual survival guide. when customers go by the reduced price. then else well reduce a lower. that's undercutting but what's good for market is not good for the global economy. could always be polite never engage with a negative a good or confrontational also. don't get into any conversation or start answering questions just ask for an attorney. to survive in the territories should. they stay. definitely don't want to be going to trial in the jumpsuit on cups. you're more likely to walk free if you're rich and guilty or if you're poor and. you've got 2 eyes 2 ears and one now. so you should be seen in here and

365 into a full fledged workplace surveillance tool in late october microsoft said their company has a strong commitment to privacy across all our services that according to patent filings this concept reportedly dates back to at least 2 years inside the company an application filed in 2018 was approved in august * of this year where 14 in los angeles and. sweets are to. fall for now catch boom bust on demand on the portable t.v.'s i'm with you next time. i. always be polite never engage with the negative aided or confrontational. get into any conversation or start answering questions just. to survive and. you're more likely to walk free if you're rich. or if you're poor. you got. one now. so you should be seen here and a whole lot more than you're saying if you don't take that advice easy going to dig yourself whole. lives. given. to. me. the mass protests over france his new security bill you want to expose sworn 8 think i'm possible with international human rights i'm calling paris to reconsider . her on as a burden france and france are going through a very dangerous period actua

microsoft. in many ways this is due to american domestic policy and i don't do not know how much.information of all do you believe that you believe that microsoft let's talk about them with everything i've just said all the technology all the safety they've got they do you really believe they were hacked. i cannot i cannot confirm that a 2nd will confirm this. i'm a critic or scientist so i don't have to rely on what you say the have anything to do with american politics expand on the. of course after. hillary clinton lost elections. i had the most blame to interfere in the american elections and in many ways he's blamed for interfering in american politics so i don't know how much it influenced in fact. elections but which you know it goes both ways cyber attacks comes post ways and so. as independent researchers can only observe it so we don't know really what's happening what's. this happening last september. is it going to further what russia u.s. relations there's a new administration coming in now in january the stories they come they go don't they i mean how big is it. so i

late october microsoft said their company has a strong commitment to privacy across all our services well according to patent filings this concept reportedly dates back to at least 2 years inside the company an application filed in 2018 was approved in august of this year we're $48.00 in los angeles and sweets are to. fall for now catch a boom bust on demand on the portable t.v.'s and will feel like the time. i. you always. start answering questions. you're more likely to walk free if you're rich. or if you're poor. you got. one now. so you should be seen in here and a whole lot more if you don't take that advice. for my guide to financial survival. professional. that's right. more and more. to protect yourself get informed. if you're born into a poor family you're born into a minority family if you're born into a family as a single parent that really constrains your life chances. every day you meet your needs and the needs of your family. so pounced upon the public through filming the police and the u.n. says the new security bill is incompatible with human rights however paris insi

365 into a full fledged workplace surveillance tool in late october microsoft said their company has a strong commitment to privacy across all our services the according to patent filings this concept reportedly dates back to at least 2 years inside the company an application filed in 2018 was approved in august of this year where 14 in los angeles. sweets are to. fall for now catch boom bust on demand on the portable t.v.'s i'm with you next time. so what we've got to do is identify the threats that we have it's crazy foundation let it be an arms race off and spearing dramatic development only mostly i'm going to resist i don't see how that strategy will be successful it's very critical time to sit down and talk. we are segregated only by social class. people also in poverty by 1st. if you're born into a poor family. born into a minority family if you're born into a family that only has a single parent that really constrains your life chances people die on average 15 years old if you born into generational poverty. it's a tough fight every day to meet your needs and the needs of you

so i think that salesforce continues to chase microsoft >> dan, in terms of the strength that microsofthave, i'm curious, how strong do you think salesforce and how much of a competitor salesforce combined with slack becomes and throw into the mix by the way, and we'll be talking to the cfo a little later in the show in the 8:00 hour, zoom you know, you look at microsoft teams and they effectively have a product that is doing what slack does plus what zoom is doing. does somebody ultimately buy zoom, does zoom buy somebody else, what has to happen there >> i think zoom given the valuation, i think it is more they potentially will be acquirer no one would have expected that microsoft teams would have had the success that they had. so i think when you look going forward, this is where in terms of where zoom fits more and more competitive against them and you can talk about the other side with the vaccine working from home, but i think that it is a new paradigm. collaboration software and of course zoom has been the leader there. but when you look, salesforce looks around and slack was wha

being a gateway to other microsoft products?hris: it is definitely a very real competitor. i was actually at google when we were competing against microsoft in the communication and collaboration space. it's very hard. they are very good at what they do. the teams product -- you could not comparable to slack exactly, but the way they offer it is a bundled solution. it's a hard, competitive battle, and that's why i think it makes sense to team up with someone like salesforce where you can now get some synergies between the two, both from a sales perspective but also from a product perspective, and they can work together to deliver more innovation and be more competitive. reminded of microsoft buying linkedin back in the day and how big a deal that was. what do you make of the personalities? mark any off has a big personality. has a bignioff personality. stuart butterfield has a big personality. he's always on social media sounding off. chris: that's a good question. i feel it can work. stuart has always been flexible. the whole s

you can't take on microsoft teams. you can't believe how much they paid it was not an elite company they bought i think it is mixed. >> let's hear from mr. benioff himself who joined you last night and see what he had to say. >> slack changes everything and makes salesforce a whole new type of company. a company that is truly architected to work from anywhere we introduced salesforce work from anywhere, but now this reel really super charges our approach and lets our customers rearchitect their workforce to be truly from anywhere >> david, he is saying, microsoft, here we come. >> right >> we're going to be a half a trillion dollar enterprise when we're done, we're going to take sales of slack up three times and putting togethera coalition. and, david, that coalition will include zoom, okay, which is on the right side of marc >> yep. >> it could include snowflake, which reports this week. tableau, deal that has been very successful, this is a soup to nuts attempt to say sacha nadella, it's war. >> that sounds like the

don't worry, it's not football microsoft's not going to be fielding a team on this.ack and latino entrepreneurs we will hear from microsoft president brad smith and green bay packers ceo mark murphy. then coming up at 8:00 a.m. senior time. our special interview with warren buffet and goldman sachs ceo david solomon. >> and you're going to see green arrows across the board. dow futures up by 183 points, s&p up by close to 25. naaqp by about 70. "squawk box" will be right back. >>> welcome back, everybody. a couple of corporate stories for you this morning maybe three. eli lilly is striking a deal to buy prevail therapeutics a company that specializes in gene therapy. they will pay $22.50 a share in cash, and pay up to $4 a share in the future depending on approval for products in prevail's pipeline lilly announced a 15% dividend hike and raised its forecast that's pretty good news. the street is bidding eli lilly by 2.2%. prevail up by almost 585%. and the nikkei asia news service says apple is ramping up iphone production by 30% during the first half of 2021 compare

the market doesn't believe they can compete very well with microsoft. >> reporter: microsoft is givingfree in the acquisition. teams -- the blue the bring the microsoft product back together. sales forces wanting to do the same thing with slack bringing the collaboration of the component, there is a battle for that collaboration and ai and he's trying to get the $50 billion and double a company, the next two moves you are watching from a lot of enterprise software company, how to get the automation at artificial intelligence and that is driving that enterprise software market. stuart: susan is looking at salesforce, $217 a share. we will move on. looking at tesla which is down 6.7% but you have a target on tesla, you expect to reach $650. make your case. >> they are doing a couple things, securing battery suppliers and gotten capacity close to 880,000 cars to deliver and they may hit the 500,000 number this year, 34% year-over-year on the last quarter and execution has gotten good, the demand is coming because all states are lining up because you need electric cars by a certain date es

the folks from microsoft -- the folks from microsoft learned about your story, and they were so touchednd so moved. and wanted to provide this for all of you. >> i don't know if i can carry this. >> thank you. >> while an xbox certainly won't replace what this family has lost, it acts as a symbol of hope. >> a lot more than a little overwhelming. >> that things will get better. >> thank you! >> thank you, channel 7. >> comfort that the spirit of the holidays is, indeed, upon us. >> wow. >> dan, my heart is just bursting with so much joy. i was almost tearing up watching that story. a special thanks to brink guthrie and 7 on your side, also, for making this special moment happen. >> great job. >> thank you. world news tonight with david muir is next. i'm dion lim. >> and i'm dan i waited to get treated. thought surgery was my only option. but then i found out about nonsurgical treatments. it was a total game changer. learn more about the condition at factsonhand.com >>> tonight, the deadliest day yet since this pandemic started. new records in deaths and in new cases. 2,700 lives lost in

. >> are we seeing the froth in yo your mega complex, google, microsoft? >> no. a few weeks ago we would have said apple was getting a little frothy, but they were driving most of the performance in the market at the time now we are seeing a broadening out, seeing the russell 2000 rocket 30% in a month. we are seeing some of these names like snowflake double from their ipo in two weeks we are seeing it time and again, all of these stocks popping up on our screen and seeing them up 200, 300, 400% that is not natural price action much you can say it's relative to a speculative part of the market, but that's how bubbles burst. we are seeing these valuations being stretched, a total disregard for valuations so every day of the week i would rather by apple and microsoft than these companies skipping up 20 or 30% a day because we know they are not sustainable market levels where we know that microsoft and apple can live a long time at these levels. >> james, you were defending some froth in the cutting area of the market, the ev area where a lot of funds are going do y

that's microsoft.ased a new prom for the banks in the -- proposal for the banks in the event of a computer attack. i really want my bank account protected, and maybe the fed's going to do it. edward, what does thed the want the banks to do? >> the federal reserve and fdic just announcing the proposal that would president put in writing the requirement that banks alerting regulators in the vent of a hack, requiring that the announcement be with made promptly after that hack so there's no time that lapses. this comes on the heels of the solarwinds hack where bad actors got into departments across the government. i can tell you the federal reserve was also a client of solarwinds, and part of the federal reserve system used that software on its computers. when the hackers got in to solarwinds, they had access to wherever that company had access which meant part of the federal reserve. now, this new proposal is meant to provide agencies with an early warning of a security incident, also requires that servic

it's been an extraordinary run, we know that apple and microsoft did pause and all of a sudden you've seen this acceleration to the upside out of some of the big names along with some of the other names as well. but i think, scott, what we're seeing is the spyder trade that hit yesterday really, really late, the very end of the day, and they're rolling a position in other words, somebody who bought back in october, they bought january calls, those have absolutely exploded to the upside and so now they want to take that off, take some profits, put that to the side. it's still inexpensive not just from the standpoint because volatility works the same way with calls and puts. so now i think that's a great opportunity to try to play the short term and see if we're going to have any kind of a rise like we are seeing right now is there going to be more of a melt-up before we pause. they were buying february upside calls. the 382 calls about 34,000 of those were bought. so i'm not disagreeing with the idea that, hey, people are looking out there, but the part that i would disagree with is i

microsoft, 34,000 calls. they always say, have a hunch, bet a bunch.ody bought 3.4 million share equivalent of microsoft at $240 a share february 240 calls i bought those scott the stock was sub 220 when we came on air. that's a bit of an upside jump the other one is dynatrace, a cloud play, more of a pure cloud play they were aggressively buying the february 41 calls, scott, and that's virtually the at the money call rather than a big reach like in microsoft. liked them both. added to microsoft, which i already owned, and established a position in dt because of this buying i'll probably hold them both about 30 to 45 days. >> good stuff. >>> coming up, jim cramer and the traders are answering your questions next it's ask halftime right after. ♪ when disaster strikes to one, we all get together and support each other. that's the nature of humanity. ♪ it has encouraged other people to take the time for each other. ♪ ♪ people are saving hundreds on the most reliable in a land not so far away, network with xfinity mobile. they can choose from the latest ph

stuart: i am sick of talking about microsoft.t look at the u.s., largest media company, largest issuer of credit cards, leading retailer, zoom out from that and it is two thirds of the fortune 100, three of the five biggest companies in the u.s., operator of the nation's largest integratoed -- largest integrated health care system. i could go on with this list forever but there is an article of faith about the competition i am unable to overcome. emily: that was slack ceo stuart butterfield. up next, i work from home breakout star, up 500% from last year, but not without controversy. our conversation with the ceo is next. ♪ emily: weddings, funerals, school, work, if it wasn't canceled, it often happened on zoom. the videoconferencing company has kept families connected, but it was undermined by glaring security issues. ceo eric yuan spoke with us about how the company turned a corner. eric: it is beautiful serving enterprise business customers before this crisis. and we learned for the first time from consumers that we could do

microsoft is preparing new surface tablets and laptops. company needs to decide how they can turn its surface duo, multiple tablet phone combo into a winning product. so far, reviews have been poor. security is coming in the coming months. it is working to figure out more places it can jam alexa into people's lives. besides consumer gadgets, you can bet on bigger pushes across the tech landscape in artificial intelligence, machine learning, 5g connectivity and autonomous driving. pandemic's ongoing impacts into the new year, expect communication tools like zoom to grow with even more features and other companies stepping up to take on work from home technologies. ♪ technology. -- this is bloomberg technology. missiles, the way that countries attack each other has evolved over thousands of years as the latest of weapons are computers. they have sent shockwaves through the united states government and private sector. that much still remains unclear. joining me now for more insight is the managing director at the cyber readiness center. thato

tech company like either a microsoft or an oracle right and of course wal-mart also became a part of that i think what's very interesting about where we have been and where we had now a lot of people ignore the fact that with every single step that the troubled ministration has taken on china especially when we're talking about free market issues like seizing assets from a company or forcing the sale of a company those are setting precedent for what it looks like to own a business to own a company to own a multinational corporation in the future can the u.s. government require any company regardless of whether it's chinese or not to sell its company over to another large company can those rules be made not just in terms of a industry or field but in terms of a specific individual company that is the president that's been set and so moving forward whether it's china whether it's iran or whether it's even u.s. companies if you can do it to one you can do it to others and now kristie huawei remains a major issue for the u.s. and at this point it appears the top administration has been p

brad smith, president of microsoft, thank you so much for your time today.come back and discuss this more as we learn more about this cyber attack. >> thank you. >>> we now know when president-elect joe biden and vice president-elect kamala harris will get the coronavirus vaccine. that news is next. whoo. i'm gonna grow big and strong. yes, you are. i'm gonna get this place all clean. i'll give you a hand. and i'm gonna put lisa on crutches! wait, what? said she's gonna need crutches. she fell pretty hard. you might want to clean that up, girl. excuse us. when owning a small business gets real, progressive helps protect what you built with customizable coverage. -and i'm gonna -- -eh, eh, eh. -donny, no. -oh. -and i'm gonna -- -eh, eh, eh. when you buy 3 dogthis treats and chews and get the 4th and 5th free. and enjoy free same-day delivery at petsmart.com powered by doordash. the season of spoiling is here. petsmart. area homeowners learn how your neighbors are accessing $100,000s with a reverse mortgage loan from the bay area's #1 reverse mortgage lender.

we're hearing from microsoft today that the agencies are coming to microsoft to find out if other agencies are compromised. the private sector are leading the notification of federal agencies. telling them they were compromised in this. that feels very backwards. we have been talking about information sharing. the government has asked for better information sharing but there is noticeable lack of flow coming from federal agencies right now. really we're just relying on most of these private sector reports. >> incredible story unfolding before us. you've been doing great reporting on this. thank you for joining us tonight. >> thanks for having me, chris. good to be with you. >>> few people in the u.s. know as much about russian intelligence capabilities as former cia director john brennan. i'm glad to have him with me on the show now. here is my question and it's a question you may or may not be able to answer. it seems like the most important one. we know that the u.s. and russia and china and all kinds of different world powers have intelligence capables, surveillance capabilities. you se

emily: what do you make of the competitive threat of microsoft? heard stewart say he is sick of talking about it, but it seems like the threat is real. case, slacktewart's is a different kind of product. slack is an open platform for bridging together different software, different medication with partners, external vendors, internal employees -- there is not a perfect, 121 comparison. it hasn't been that is complete unique and disruptive. i think, again, the recognition of the market is slack plus salesforce is able to go after this market in a much bigger way. we have to think about this market, not in the typical zero-some way that some other industries have evolved where is -- where if one company wins, the company loses. i think the markets are so large we will see growth from most segments of the software in the coming years simply because of how much of the world still has yet to be digitized. processes of business that have not gone digital, the workloads that are still in legacy data systems not in the cloud -- for all of these reasons we

the microsoft store provided the brothers each with a $100 game card. thanks for the help on making this special day happen. i'm dion lim. >> isn't that just the nicest gesture for a family that has had the toughest time. >> we love seeing that. let's get to our weather. >> i was checking the weather and i don't know why i bother. sunshine, sunshine, sunshine. >> are you saying my forecasts are useless? we've been in a dry streak for days. we're not expecting any storms any time soon. let's check out the air quality. you play noticed the haze today and part of reason is the winds are not strong to mix out the atmosphere. we're going to talk about the drought because you will see much of california is in some form of drought or another. lack of rain showing up here. you will notice many areas in the extreme drought. let's hope it turns around. it is a lovely view of downtown san francisco. we're talking about dry and sunny and warm weather tomorrow. cool with a possibility of sprinkles on saturday. live doppler 7, not talking any rain but a lot of cloud

i've used log me in, i've used google me, i've used microsoft teams. i think there are plusses ant minuses of all of those. but i think zoom just had the first mover as far as getting out into the population, not necessarily getting into the paying population of the institutions, josh that's what i worry about. >> what zoom did that for whatever bizarre reason skype never figured out, citrics never figured out. you had all these other possible competitors that for some reason it didn't occur to them, just make it a link can you send people and it will go viral. the other thing they figured out is they had a lot of the technology building of the platform in china where it was much cheaper, as opposed to trying to build that all out here, which is the road that slack took, which is why zoom had better margins all this time those are to me the two achilles heals that the other platforms will figure out. now the cost of building this technology will go up and margins could -- those are the two things i'd worry about i would not worry about the ubiquity of

and computer software giant microsoft admits that it's the latest victim of a highly sophisticated hack by suspected russian operatives. to begin with news of the release of hundreds of school boys kidnapped by an armed group in nigeria 6 days ago the government under mounting pressure over its handling of the crisis has been negotiating for their release protesters politicians to increase security while the large social media campaign labeled bring back our boys has been launched at ciena state government says that it's not yet clear if all of the schoolboys have been freed. we have so far. given 340. schoolchildren later on we also understand 4 have joined so we have to leave 344. children that we need to cut and now they have surrendered or that is with them so we will find out from. parts. still some left like i said even the figure we gave was not to stick because we were looking at doing city $30.00 to $400.00 and now we have gotten $344.00 so we will know exactly about tomorrow the boys were taken when government thought to be linked to boko haram stormed a school in the northern

emily: what you make of the competitive threat of microsoft? heard stuart saying he is sick of talking about it. but it seems the threat israel. >> i thicken stewart's case slack is a different kind of product than some of the competitive tools out there. slack is an open platform for bridging together different software and different communication with partners and external vendors and internal employees. so there is not a perfect one-to-one comparison. slack has built something that is unique and disruptive,. customers to use it in a different way. . the recognition of the market is slack plus salesforce is able to go after this market in a bigger way. we have to think about this market not in the typical zero-sum way other industries have evolved, where if one company wins another company loses. i actually think the markets are so large you're going to see growth from most segments of software in the coming years, simply because of how much of the world still has yet to be digitized. the amount of business processes that have knock on digita

microsoft is down 1.3%. stay-at-home stock, not a technology stocks but a telecom services stock, netflix is down 2.4%. investors are going away from safety and technology. speaking of tesla and electric tesla wasnd nikola, added to the s&p 500. people are getting past that idea. they lost the contract for electric trump trucks with investors dumping the stocks. we will continue speaking about electric vehicles. abigail doolittle, thank you for that. back to president trump's veto of the defense spending bill, it comes from his demand of the 1996 communication decency act. this is a legal shield used by many tech companies. with more on that and the big tv story this week and elon musk pursuing outreach to apple, dubai tesla, it is registering to analysts. we had the announcement this week. apple has begins speaking about the car that is coming even though it is several years down the road, and then elon musk applied -- reply to a tweet about batteries and what might actually happen. you say that a partnersh

the microsoft store provided the brothers each with a $100 game card. thanks for the help on making this special day happen. i'm dion lim. >> isn't that just the nicest gesture for a family that has had the toughest time. >> we love seeing that. let's get to our weather. >> i was checking the weather and i don't know why i bother. sunshine, sunshine, sunshine. >> are you saying my forecasts are useless? we've been in a dry streak for days. we're not expecting any storms any time soon. let's check out the air quality. you play noticed the haze today and part of reason is the winds are not strong to mix out the atmosphere. we're going to talk about the drought because you will see much of california is in some form of drought or another. lack of rain showing up here. you will notice many areas in the extreme drought. let's hope it turns around. it is a lovely view of downtown san francisco. we're talking about dry and sunny and warm weather tomorrow. cool with a possibility of sprinkles on saturday. live doppler 7, not talking any rain but a lot of cloud

let's start with gerri willis. >> that is right there saying this is the biggest hack ever in microsoftave been down all day long finishing slightly lower after the company's president brad smith had this to say about the incredible hack, he described it as an attack on the united states and the government and other critical institutions including security firms he says it illuminates the ways cybersecurity landscape continues to evolve and become more dangerous as much as anything he said this attack provides a moment of reckoning, originally the reporting on the breach focused on the hocks of u.s. computer and government computer system, department of treasury, commerce department we heard about that but the problem much more thoroughgoing, making it clear in a statement released last night that the attack is still going on in its targeted scores of corporate players, microsoft says it's identified in work this week to notify 40 of those, as you remember the security software company solar wind has reported the malware was inserted to an upgrade of the company's product that may have

microsoft confirmed that its systems were also exposed as part of the attack. much as 10%ell as in hong kong today after bloomberg reported the -- oversee the companies and breach of an agreement. european officials have yet to conclude deripaska remains influence over rusal, one of the country's largest aluminum producers. they refute allegations. global news, 24 hours a day, on air and at bloomberg @quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am leigh-ann gerrans. this is bloomberg. francine? francine: leigh-ann, thank you so much. now, the u.s. is set to add dozens of chinese companies to a trade blacklist, including the country's top chipmaker. president trump has cemented his tough giant -- tough china stance. john, our greater china editor. and 11 otherspany are being hit on a blacklist. john: it won't be much of a surprise, unfortunately. earlier this month ,smic was put on a list by the pentagon as identified as having being owned by the chinese military, something that smic has denied. it is the latest st

withrie: we see that volkswagen and microsoft and the prime minister said the volkswagen project is aof confidence in greece. we cannot forget the past. will grace totally recover from losses from its financial crisis -- greece totally recover from losses from its financial crisis? lothar: past is the past -- kostas: the past is the past and we look forward to the future. we look forward to public finances and boosting our competitiveness in the country. we've done that successfully. vaccinations started yesterday. we look forward to the moment when the pandemic will be passed. we expect tourism this coming season, this coming summer will regain part of its glorious past for the besthope as far as the pandemic is concerned. annmarie: i think all of us do, and looking forward to traveling once again. deputyfragogiannis, foreign minister of grace, thank you for the exclusive interview on bloomberg television. let's get you the other news with our first word news. president trump has signed the 900 billion dollar relief bill passed by congress. he's backing down from the demand lawmakers

with microsoft or at least when it comes to the team product.e-up strategically may make some sense, but it is making some analysts worrieden considering salesforce is paying $27.7 billion for the company. jack: good news for slack employees who have stock options, those poor silicon sali folks watched zoom stocks up higher, slack was actually below where it closed on the initial public offering day until this deal came through. do you think they'll do well with benioff? marc benioff, the ceo? >> i think part of the platform is going to be a good move to get them in front of more potential customers and give them that reason to grow and do more. slack does one thing very well, pa facilitate communication within a company, but it hasn't really gone much beyond that. our colleague alex compares them to twitter can also does that one thing really well but hasn't really grown whereas zoom, you know, has really picked up on the a pandemic moment. it was able to replicate business travel, people could have these virtual meetings and people could conne

first of all, i'll start with microsoft. as i talked about on the show, this is our largest holding and remains a very high convince for us we still have a lot of confidence in azure and the end-to-end software it offers but from a portfolio perspective, it was time to trim apple, we've seen a significant run-up, 75% in the last year and we really feel like a lot of that has come on multiple expansion. we've gone from about 15 times to about 27 times. although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight we're going to continue to hold the stock and maybe look for opportunities to add back to it. at this point in time we think there are better opportunities in the market. >> wow that's a big call, big commentary around apple. let's be honest, though. a lot of those stocks, shannon, in that universe, the faangs are multiple expansion stories, but you're singling out apple for the one you decided to trim from and take