salesforce, our roots are the salesforce automation of the crm company but we have become the numberny in the world in the number one sales cloud and number one marketing clout in the number one service cloud and we are huge platform company and that's why we saw the opportunity for salesforce where. we have over 2000 and of them and apps of all types. withwe have seen innovation on this platform reinforces that the salesforce one platform which allows developers to quickly develop things across a variety of devices and now for wearables is the number one place to build business applications in the cloud. salesforce things we are not just about sales people using it for automation, we are about really transformative applications you can build that connect directly to customers and create new experiences that were not possible before. >> i mentioned what i am wearing now. that come into being something that might help anybody sell anything? >> it's not necessarily just about helping people sell their products. it's about new experience in a way to connect to customers in new ways to p

is this part of salesforce base? >> we have a large presence in canada.oronto area is a hotbed of wearable innovation. it is a great place to be. >> i know there is wireless innovation going on. does this put salesforce more in front of consumers and not just the salespeople themselves? >> absolutely. our roots -- we have become the number one company in the world. what we have seen in terms of an innovation this platform really reinforces that the salesforce platform, which allows developers to quickly develop things across a variety of devices is the number one place to build business applications in the cloud. we are not just about salespeople. we are about transformative applications that you can build that connects directly to customers and create entirely new experiences that were not possible before. >> this is a wearable device people wear on their wrists. where does that come in? >> it is not necessarily about helping people sell their products, it is about new experiences and connecting to customers. it is a new way for productivity. salesforce

president atice salesforce. >> we are super excited about wearables.k it is the next mobile revolution. the momentum has been tremendous. there are tons of applications for wearables, in business, health care, retail, hospitality. rift mentioned the oculus to you what might you do with that? >> i think there are tons of applications. one of the applications we forted for the platform was the ability to go into a car dealership and visualize the car they want to purchase. you can look at the wheel, change the configuration. new experience and helps an automotive manufacturer connect with its customers and an entirely new way. >> i was going to ask what you're doing in canada. is this parse of -- part of salesforce base? >> we have a large presence in canada. the toronto area is a hotbed of wearable innovation. it is a great place to be. >> i know there is wireless innovation going on. does this put salesforce more in not justconsumers and the salespeople themselves? >> absolutely. roots -- we have become the number one company in the world. what we have

salesforce offers software as a service.ompanies don't necessarily want to buy software if they can just rent it from the cloud. >> i know we are awaiting details about alibaba's initial public offering. emily chang, from "bloomberg west," and cory johnson, "bloomberg west" editor at large. coming up at six clark p.m., will -- 6:00 p.m., we will hear from the former chief executive stems, purchased by oracle in 2010. i wonder if anyone knows what sun stands for? more on alibaba and oracle next. ♪ >> we continue to follow the story. alibaba's initial public offering expected to price between $66 and $68 a share, making it the largest initial public offering of all time. they could raise nearly $22 billion. joining me for more insight on alibaba, bloomberg west and cory --nson, and internet analyst we just spoke a couple minutes ago on bloomberg radio. i wonder if you could tell me again the amount of money people are talking about. it sounds astronomical. market valuation of the whole company, $165 billion. >> that's correct.

. >> the salesforce ceo is also a former oracle employee. these companies are now rivals.d that there will always be one and only ceo of oracle. he may have intended to give a compliment. do you think that they will have any autonomy? >> that is a dig at them. marc benioff is the rising star. he picks up the phone and can call any ceo in america and convince them to buy some software and some software wrapped in hardware. an amazing story. 15 a years ago she was another banker. now she is the most powerful woman in the history of american business. she is now in this dominant role. it is an amazing story. she is the one that while mark is focused on sales, she is in charge of legal. she is the person who is carried larry's flag into every discussion. in an interesting way, she is the oracle voice in that company. she is the one that make sure things are run and looks of expenses on how things are functionally going to help that company and guided in a strong way. since she is six years younger, we might look a what that means for her over the long term at oracle. >> how wo

salesforce's notion of software sold as a service.questions and software, whether or not you need industry-specific software. you needed in education? education, you do. in the case of our management, crm's do not really do the trick. less salesforce is as follow someone through the sales cycle. interact with the customer, whatever. sexy got it. the problem with education is that when you're using a crm to track relationships with customers, it is about me tracking my relationship. it is not about me making sure they have the appropriate relationship. when we envision that. if the list wants to be successful, if this group wants the student to be successful, you have got to make sure they have mentors. strong new relations. there is no debate about whether or not that help students be successful. they need to build an entire relationship blair on top to allow this students to use it. it is a new category of product. >> have much is already in place? how much of it is monitoring how strong the relationship is? >> you would be shocked.

and salesforce is one of the tech companies leading the way when it comes to philanthropy. i talked to ceo marc benioff the latest multimillion dollar donation to san francisco schools. now to our lead -- a record-breaking start for iphones shipping on friday. priya rhodes -- pre-orders -- topped 4 million in the first day. some customers will have to wait until october to get their new phones. with the iphone accounting for half of apple's lumen -- revenue last year, is the company sitting on another monster? the author of a blog referred to as the most accurate apple analyst on wall street -- i guessed for impression, how did this lodge compared to previous launches. >> it looks really good off the bat. the thing is, you have to measure against the firsts of growth we have seen in the past. the question is historically, it doubles every time we have a new release of the iphone. this year we are seeing that major release. variant. an s it is a new number. will we see a doubling of the figures from the iphone 5? that would be the question. the first data point, we saw a dou

they have a good high-end salesforce. whether it is around gaming or on demand.ething along that they can leverage existing salesforce, we think that may be of benefit. >> what about tumbler? -- tumblr? has it come a part of the business? >> it is a little bit early to tell. they think there is a big opportunity there. i would say success on a scale of one to 10 has probably been a six. whereould be an example they would say give us time or six more months to make something happen. that is a good example of having unique content in different ways to monetize it. we just have not seen the monetization yet. munster,jaffray gene thank you. paypal.us on yahoo! and house of cards has been a huge hit for netflix. last night we caught up with kevin spacey himself. hear what frank underwood told -- about other netflix projects coming up. ♪ >> kevin spacey have paved the way for hollywood stars to take on projects from streaming services like netflix. the start of house up heart was at a gala event in washington last night for the kevin spacey foundation which supports yo

also suggesting that oracle is old and salesforce ain't. person to watch in this whole deal. she was a banker at dlj, a top a person that has ever been in silicon valley, super, she understands deals. she ushered or call an insular company doing well through acquisitions, by understanding those acquisitions. she has a tight fist around how the company is run, ruling by spreadsheet, running their legal maneuvers. it is an impressive moment for her and all women in business, i think. inoracle a huge company but terms of market cap, not as big as alibaba is now. closing out "bloomberg west" trading at $91 a share. we will be following alibaba throughout the day. that is it for "bloomberg west." ♪ from bloomberg headquarters in new york, i'm mark crumpton. this is "bottom line." today, scotland's first minister follows -- resigns following the no vote for independence. lining up and waiting for a chance at an iphone 6. to our viewers in the united states and those of you joining us aroth

about technology, everyone from salesforce to micro -- microsoft. >> once a year to open your doors and let people see how does it work, it is a neat idea. >> how is this different, is it more effective? >> it is a completely different experience and is great for both sides. the host companies and the attendees get a lot out of it. >> what is different this year? >> these tech companies are not tech companies. this amazing electronic o bicycle. technology back into the community. these are companies that feel like tech companies but they are in hospitality or transportation or energy or health care. i am finding that interesting this year. >> thank you for stopping by and bringing your crew to watch and always appreciate having your thoughts on the show. appears to be an overwhelming demand to own a piece of ali baba group. the latest on what could become the biggest u.s. ipo of all time. ♪ >> i am emily chang and this is "bloomberg west pie." investors seem to be buying in to the alibaba ipo. what is the latest, how much demand is there? rex what this says is they have enough interest

salesforce or amazon, when people thought how crazy people thought they were in the beginning to havegrand vision. what is exciting about being a disrupter when you can step back and say, wow, we've created something really massive here. >>> sites like eventbrite can help small businesses grow and run their operations in a cost effective way, with so many out there, which ones are worth trying out. we ask small business owners like you, what tools they use. >> i have an app that i love and use all of the time. it's called humano. you can listen to articles from sites like "forbes." it keeps me inspired. >> one app i like to use is called tube tool box. it has youtube videos. >> a lost us go networking but we don't always follow up. send one simple e-mail, it will go in to contactually. and then it will second you a reminder saying you have to call jane in ten days. it's an excellent app. >> i am using d-2ly is a document writer in my iphone, what is amazing, i travel for a living. so i'm on the plane all of the time. i've been able to actually write articles on my little cell phone an

is it cheaper than salesforce?e of of the corporate structure and it is risk it has played out before. this is in just the risk we have seen in chinese listings that have on sneakers up with accounting funkiness. in the with alibaba recent past when they have taken assets away from u.s. investors and kept them for themselves. >> professor, you chime in on this. there is sizable riskier? here? >> absolutely. but if we are looking for beauty and corporate governance, the tech space is not exactly where we want to start. you want to think about something like google with the multiclass structure which allows the founders to really have more control than their ownership would represent. we see a lot of examples of this in technology. this is in some case an extreme investors may say that we do not like the corporate governance that is here, but we like the company enough that we are willing to hold our nose or look the other way and plunge ahead anyway and buy-in at the big valuation. >> does that make it right? i ever

sacramento convention and business bureau or other ski resorts, the idea that we have an intact salesforceivation force we can use to help grow not just er team -- not just our team brand, but the other brands as well, they enjoy the breadth of opportunities. >> that is the what. tell me the how. >> everything we do is grounded in either technology or sustainability or community outreach. those are the precepts. to the extent that we can partner with other like-minded brands who have an interest in millenials and youth lifestyle and can do that with the the type ofthat is business we are looking to partner with. >> how are you managing this process? lot ofre trying a different things. we want to be disruptive. whether partnering or oculus -- with oculus or google glass or bitcoin, there are so many leading technologies right now that we are having fun trying different things and seeing what works. they enjoy that process where they are a part of it. >> you are taking business back to the most basic thing. ran into two guys in front of the watercooler saying, is john trying to sell you some

chairman, formally a currently on the board of salesforce. so was his response the right response?ted the situations. it did not get out of control. >> at the same time, he was talking about mismanagement of twitter. l, management has gotten better, but that has got to rattle a ceo. what is going on at twitter or in the mind of dick costolo question my >> i don't know, and i may be the wrong person to comment on that. i tend to only comment on things i have an inclination on. >> but when someone criticizes your leadership, it is your leadership. >> someone is always criticizing you. you have to find out if it is just one voice in the wilderness , and you need to be able to address it and listen to it. sometimes you need to listen to it and modify behavior. sometimes you need to listen to it and explain. sometimes you need to ignore it. >> ace limited explain behavior, the ceo of snapchat, the e-mails that were published that were derogatory, talking about drinking in college, and he apologized, saying he was horrified that his e-mails were made public, and no excuse. to havei was a

. >> comparable relationship management, the biggest of the offerings that lets a salesforce users follow some of three sales cycle, no who the customer is. >> the problem with applied education is when i am using a crm to track my relationships with customers at the end of the day it is about me tracking my interactions with them, not about helping them make sure they have the appropriate relationships. what lrm does is reinvention --t this re-envision that what lrm does is reinvention that. yet to make sure they have strong peer relationships. whether no debate as to those acids help students become successful. a crm cannot do it without building a in entirely relationship layered on top of the crm. >> how much of this is already in play and how much of this is monitoring how strong those relationships are? is there anything like that out there? >> you would be shocked. there is nothing. -- the jury is in on whether the students need that to be successful. if you ask any administrator whether those things matter to will say yes. if you say which students have strong mentors and clear pl

everyone from salesforce to adobe interest. you name it. >> it is exciting. these companies are the engines of change in our society. how wenge not only consume services and product but how we execute work. to open your doors and let people see how they can work inside those companies is a neat idea. time,ferences for a long everybody gets together and watch as someone on stage. do you find it to be that much more effective? , intimacy. seeing the founder in his or her native habitat and you are acting with the founder. it is a completely different experience and it is great for both sides. >> what is different this year? these tech companies are not tech companies. bringing local manufacturing through technology back into the local economy in san francisco. these are all companies that feel like tech companies. i am finding that really interesting. >> thank you so much for stopping by and bringing your crew to watch. we always appreciate having your thoughts on the show. there appears to be an overwhelming demand to own a piece of alibaba. we will bring you

had the deal announced right after the larry deal was announced, but we also of revenues from the salesforce and workday, but those are smaller businesses in oracle. trueftware service a threat to oracle, or will it always be at the side? >> it is not a threat to the technology. toparry pointed out, the companies use oracle as their underlying plumbing. they run their core financials, their database, on oracle. i think what is hurting oracle is the business model perfect -- transitioning away from perpetual to subscription. it is not a technology transformation, it is a business model transformation. they will be in this for the neck to several quarters, if not years. it is a big transition. which talked a lot about this with microsoft. about this a lot with microsoft. we think oracle will take a lot longer to get in, they were the last ones to admit this big transition. thisu point out today, will kick off another major mna wave in software. we think it has started but it will further accelerate. >> one last question, scott. i am serious as to what it is like to get with larry ellison when

we understand that salesforce founder and his wife will contribute enormous amounts of money to help immigrant children in southern california and texas today. he's one of the most generous men, he's donated $100 million to ucsf children's hospital twice. >> nice generosity. >> you might say he's a likable guy. very likable. >> not a bad guy. >> here's why they say that. there's a nonlikability index we're go to get into. if you're not an a's or giants fan, who do you root for in bibl baseball? >> the wall street journal ranged the ten top teams in general of loathsomeness. the teams were ranked in ten categories, including drug suspensions, "sports illustrated" covers in 2014, just winning too much and ridiculous periods and also whether the team refers to its team like the nation. >> like the red sox nation. the most hated are the st. louis cardinals. coming in a close third are the san francisco giants, who have won two world series in the past three years. the silver lining, the giants less hated than their rivals. and late week we bring in the triple digits. with it be an indian

at salesforce.ith more expectations eight intuit. >> -- baked into it. >> does the valuation of 54 times give you pause? >> sure. [laughter] but investors are going to love the growth. there is a lot more to come. over the next in year or so. it will settle into an acceptable range, i imagine. but people want the stock. >> i want to bring in one more voice, a man who cannot wait to add alibaba shares to his offerings, brendan ahearn, managing director of crane shares that offers china focused etf's. as we watch these indications take up and this could clear above $100, are you still interested? >> very much so. we believe not only in the company which is very established over 15 years ago. it is growing tremendously. find levels of growth in a large-cap company anywhere else in the world. we also believe there are macro tailwinds taking place in china that support. only 45% of the chinese population uses the internet today. continued urbanization where hundreds of millions of more people will be mov

. >> tell us about the salesforce you have at tractor supply. >> it is interesting.e go back to our mission and values as a company and the culture. if you have been to a tractor supply store, you will note our sales team -- we call them team members -- are really helpful. they are not going to oversell. they are there to service your needs. you will find someone who will greet you. they will try to uncover the need to have. they will recommend a solution. they will quickly get you on your way. >> i thought you were going to tell me that you hire customers and then you train them? >> that is what i was going to say next. we do hire locally. they know the market. we teach them our business, our business model. they are local, so they understand the needs. >> what can you tell us about the health of the farm industry right now based on what is selling and not at tractor supply? >> we do not really sell for production farming needs. >> correct. >> but i can tell you that corn prices are what we notice the most. when they fluctuate up and down, we notice a move and price

i said kinder morgan for salesforce, mark, i've got to do these kinds of things, and royal dutch foracebook. by the way, facebook very big position in my charitable trust, but diversification is key, and i need to drill it home, even if it means trimming back fogs that i like. that's just what's done. it's called discipline. "mad money" is after the break. [ bell rings ] hi michael! looking good! trying to keep up with you! i told my producer karen that i take metamucil because it helps me feel fuller between meals. it's just one small change that can help lead to good things. now she's breaking up with the vending machine. nope. i call that the meta effect. [ female announcer ] 4-in-1 multi-health metamucil now clinically proven to help you feel less hungry between meals. and promotes heart health. experience the meta effect with our new multi-health wellness line and see how one small change can lead to good things. >>> it's time for the lightning round. and then when the round is over, are you ready skee-daddy? we're going to start with hiky in new york. >> caller: boo-yah, jim. j

even salesforce, netflix, zynga, ebay. >> we're not through what's going to be -- >> it's monday. >> a volatile week with the fed meeting and the scottish vote and ipo. so we'll see. the great scott wapner will take us through the next half hour. >> thank you so much. let's meet joe ter nova, director at inver tis. stephanie link co-portfolio of jim cramer's trust. pete najarian option munster and josh brown of rit holtz wealth management. we could begin with the biggest ipo, alibaba set to post on thursday, trade on friday and new developments breaking about the pricing. kayla tausche has been the one doing the breaking. and she joins us live right now with the latest. kayla? >> she's getting ready but her reporting says there's not going to be a seven handle, but they're going to raise the price. >> yeah. well this is all -- this was well orchestrated. the bankers know exactly what they're doing now. they've learned from twitter and facebook and this modern era. i think they have this kind of thing down to a science. this kind of orchestrated we're raising the price. >> people sayi

even salesforce, netflix, zynga, ebay. >> we're not through what's going to be -- >> it's monday. >>ek with the fed meeting and the scottish vote and ipo. so we'll see. the great scott wapner will take us through the next half hour. >> thank you so much. let's meet joe ter nova, director at inver tis. stephanie link co-portfolio of jim cramer's trust. pete najarian option munster and josh brown of rit holtz wealth management. we could begin with the biggest ipo, alibaba set to post on thursday, trade on friday and new developments breaking about the pricing. kayla tausche has been the one doing the breaking. and she joins us live right now with the latest. kayla? >> she's getting ready but her reportin

look at where they've been since february highs when salesforce, crm, was up 20% on the year. now it's up 2% on the year. meanwhile, oracle even after an afterhours selloff is still up, what, 7% on the year. so i don't think anybody's eating oracle's lunch. and the expansion into the cloud came late, but now with hurd at the helm along with safra catz, i like this stock going forward. >> you don't bring him in thinking one day he's going to be ceo. this is not a complete surprise. >> i think that was the original intention when he was hired years ago. and what did he do when he was at hewlett-packard? he managed to take this company, they felt like had not set them up just properly. well, you look at mark hurd -- he made a lot of tough decision, made some cuts. and you look at oracle over the last ten years, they spent $50 billion, they've done six this year already. and when you really look at this, this is a company that's perfect for mark hurd to be in charge of going forward. >> let's get more on oracle. got an outperform rating in a $46 price target on the stock. he joins

i will also be sitting down with the ceo of salesforce, who just made a $6 million donation going tollion ,ollars going to code.org bringing coding programs into schools across the country. to it, emily.ward you can catch it all at 1 p.m. this afternoon. let's make clear that this is 10:00 a.m.. "market makers" will be back in a moment. ♪ >> we are almost done with our guest host here for the hour, lanhee chen. >> the continuing resolution goes on this week. seven more weeks before the midterm. are we going to get another government shutdown? so. don't think i think the big question will be how they deal with the president's request for funding and for arming the syrian rebels. that will be a big political issue, frankly. >> there is bipartisan support for getting out as quickly as possible in terms of getting out of town. party are trying the boots on the ground. >> it is a controversial issue on that question for sure. >> thanks for being here. >> thanks for having me. asked tomorrow "market makers" at 10 a.m. eastern time. want a new smart phone but don't want to brave the line? j

companies you would not think like amazon or salesforce are huge cloud providers.agencies and companies use them. what you are using is probably a consumer level cloud. it is the same technology. it is the same stuff. it is just a question of do i keep it in my own company or put it on an extra no cloud. that is a business decision. host: what is the level of security generally for cloud computing versus desktop computing? guest: the answer to the question of the level of security for anything is it depends. if the companies doing a good job, the level of security is high. one of the commercial cloud providers, amazon, they provide cloud services to the cia. the cia does not get around when it comes to security, so amazon must be doing something good. may be secured is you want when it comes to consumers. consumers need to look at the contract. you don't know what they are promising you. they may not be promising much. it depends. big companies and agencies should be able to demand good security. consumers, you might find out the hard way. host: we want to hear fro

salesforce users follow someone through a sales cycle and then the customer is, interact with the customer. >> you got it. the problem with that is what i am using that to track my relationships with my customers, at the end of the day, it's about me tracking my interactions with them, not helping make sure they have appropriate relationships. we re-envision that. if students want to be successful, and you want your students to be successful, you've got to make sure they've relationships. there's no debate as to whether those assets help students be successful, but a crm cannot do it without building a relationship to allow students to inform those relationships. it's a new category of products. >> how much of this is already in play and monitoring how strong they are question marks >> you would be shocked that there's actually nothing. the jury is not out. across higher education right now and ask any administrator whether it matters, they will say yes will stop ask which students have strong mentors and strong theytives for education, are realizing i don't have any way to know which stud