that is what is so exciting about what salesforce does today.many companies in davos are using salesforce. there is this sea change going on. we are working hard to develop customer intimacy. >> you got a lot of competition. had you compete with the other pretenders of what you invented? marc: amazon is a great partner of ours. amazon uses salesforce to connect its customers in sales and marketing. on the other side, we also work with a lot of amazing retailers like louis vuitton. tom: why do you think -- marc: i have a feeling -- here is the thing, those guys, those next 10 retailers -- those next generation retailers are getting slaughtered in need salesforce to connect. these are exciting times. tom: they are exciting times and i think everybody is making money, but you have your critics. how are you going to position salesforce within the new technology? you are one of the few technology guys in happy valley here. how are you going to reposition not for the next 12 months before the next five years? i cannot imagine where my iphone 7 is in f

how are you going to position salesforce with new technology? are one of the few technology guys and happy valley here. how are you going to reposition for the next five years? i can't imagine where the iphone 7 is in five years. business, started our crm or customer management was nascent. it will be the largest segment of enterprise software by 2020. we are number one in that segment. we are continuing to innovate and look for ways we can become more successful. >> in your world, we are going to go through a phone. how do salesforce, your competitors handle the cloud through whichever phone you have in your hand, business or personal. >> that is fascinating. you just made a huge shift in your mind from where we started with personal computers. the most popular computer today is the mobile phone. everybody can have a computer far more powerful than the most powerful macintosh. that is something now in your pocket. now computers are going to disappear. you see things like alexa, google home and others. we are just talking to our computers, talki

it is near and dear to our hearts at salesforce. at how it's impacting the consumer world with alexa and siri. our mission is similar. we want to take the productivity software and enable companies to move from email and file attachments that we've been living in for the past decades. i love the idea of ringing in people with a consumer product assignment talent he to see how we can improve our work life. caroline: it such a hot competitive space. the ucs competition and friendly fire and helping push your vision? who do you really admire? bret taylor: those are great examples. they have a similar mission, can we be productive without email? you probably do not email your spouse anymore, you text. everyone under the age of 25 probably has four or five messaging apps on their phone. i believe there's a better way of doing things and i really think we are on a mission together to prove to the world that this is a mainstream trend. we are going to move on from email in the traditional office to something better. showk at us is trying t

we have salesforce. salesforce has had a great quarter, okay? salesforce is still down from when they reported at the quarter. let's not outthink this. it's salesforce.com. it's benioff time. gary in new york, gary. >> caller: hello, jim. i hold at&t in my i.r.a. >> people are telling me it's rolling over and the charts don't look good. give maie a break. at&t, very aggressive management. good yield. i'm not backing away from verizon either just so we know. and that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsor the by td ameritrade. >>> were you shocked? i did not tweet or go online for seven whole days. how many? >>> i think the kid has horse sense. remember when we were fretting every minute. oh, espn, oh, oh. >> booyah, jim. >> oh, we got a familial booyah. i always like those for the new year. happy new year. >> i'm glad to see you're looking better. you weren't yourself for a few weeks. you need more sleep, buddy. >> we'll get some mindfulness and some finance. stick

uses salesforce to connect to their users.feeling you don't know who to nelly -- good to nelly -- they need salesforce to connect with their customers. these are exciting times. reporter: everybody's making money but you have your critics. how are you going to feature salesforce in work new technology? how are you going to reposition, not for the next 12 months for the next five years? i cannot imagine where my iphone 7 is in five years. marc: customer management was a small market. it will be the largest segment of software by 2020, and today we are number one in that segment. we are continuing to innovate and look for ways we can help our customers become more successful. >> how does a salesforce.com your competitors handle the cloud through whichever phone we have in our hand business or personal? rc: it's fascinating how you think about computing today. huge shift from what we started with personal computers into the most popular computer today, the mobile phone. aliens of them and they are making them for $20 so anybody c

the googles, the stocks, essentially, adobe, salesforce, etc. these stocks are really the police to be and you have a perfect storm whereby energy really came back into play. you had the election results that did not go the way people expected it to. trump came in and a lot of people were hiding in the wrong stops or sitting in the wrong stocks, i should say, and needed a source of funds for the likes of caterpillar, the energy names, the heavy industrials, the cyclical stocks that have gone on a tear, financials, etc. all have done very well post trump election. the expensive tech. you are seeing this broader .heme, grows into value if you look at the russell growth index versus value, it is on a relative basis down 20% over the past 3-4 months. value is where it is at. banks, financials, seemingly at the front of people's mind and tech is playing second fiddle to that. guy: do i treat them as a group

amazon uses salesforce to connect to its customers in sales, service, and marketing, but we also workmazing retailers. know -- feeling you yeah, and here is the thing, gen retailers need salesforce to connect with their customers, so these are exciting times. times,ey are exciting and i guess everybody is making money, but you have your critics. how will you position sales within the new technology? you are one of the few technology guys here. how will you reposition not for the next 12 months, but for the next five years. i can't imagine where my iphone 7 is in five years. crm,e amazing thing with it was nascent, a small market, but it will be the largest segment of enterprise software by 2020, and today we are number one in that segment, really continuing to innovate and up for ways that we can help our customers become more successful. in your world, we are going to go through a phone. how does salesforce.com and your competitors handle the cloud through whichever phone we have in our hands, business or personal? how youis fascinating think about computing today. you just made a hu

when will it demand it from salesforce? i can't say.: is amazon getting a pass from wall street? steve: they are, because people believe powerfully enough in the future of earnings. but you can't tell me over the long run the earnings and market cap are divorced. that runs fundamental to my basic view in capitalism and the way it works. twitter, me talk about because you are still an investor in twitter? when you announced the stake, it was 4%. do you still own as many shares in twitter as you used to? steve: i think it's fair to say i remain a large investor in twitter. emily: what do you think about what they are going through now? steve: i think twitter is an irreproducible asset. i don't think there's any vehicle that let you speak broadly to amass audience better than twitter. could the product be easier to use? of course, the product could be easier to use, and i think that is an important area. emily: do you see twitter having a future as an independent company? steve: i think twitter would be great as an independent company and

when will it demand it from salesforce, i can't say.: is amazon getting a pass from wall street? steve: they are, because people believe powerfully enough in the future of earnings. but you can't tell me over the long run the earnings and market cap are divorced. that runs fundamental to my basic view in capitalism and the way it works. emily: you are still an investor in twitter. when you announced the stake, it was 4%. do you still own as many shares in twitter as you used to? steve: i think it's fair to say i remain a large investor in twitter. emily: what do you think about what they are going through now? i think twitter is an irreproducible asset. i don't think there's any vehicle that let you speak broadly to amass audience better than twitter. could the product be easier to use? of course the product could be easier to use, and i think that is an important area. emily: do you see twitter having a future as an independent company? steve: i think twitter would be great as an independent company and our acquisitions that would make

int is why so many companies davos are using salesforce.e going and companies are working hard to develop that customer intimacy. tom: you have a lot of competition. jeff bezos just bought the largest house in washington. it is not only how you compete with amazon but how you compete with the other contenders to what you invented. partner ofs a great ours, and amazon uses salesforce to connect to its customers in sales, service, and marketing. and we work with a lot of amazing retailers, like louis vuitton. tom: [indiscernible] retailers that are getting slaughtered in the brick-and-mortar world, they need salesforce to connect with their customers in a new way. these are exciting times. tom: they are exciting times for anybody making money, but you have critics. how are you going to position salesforce within the new technology? you are one of the few technologies here. how are you going to reposition for the next five years? i cannot imagine five years. >> when we started our business in 1999, crm or customer, management, was a small mark

do i have to sell salesforce or apple? no. i think they're different enough.hy don't we go to miriam or mim as i like to say, in new york. miriam. >> caller: hello, mr. cramer. how are you? >> i am good miriam, how about you? >> caller: i'm doing good. i want to know if i'm diversified. >> okay. you came to the right place. >> caller: i have ul tree ya, apple, bank of america, merck, and microsoft. >> oh, boy. now i am going to make a change here, okay? i think apple and mike oh soft, they are too much head to head. i'm going to say we have to change out microsoft. we're going to have to put in, let's see -- how about an oil? let's get a little juice here in the oil patch. i was listening to my friend talk earlier about global, which the o is oil. i like his thinking. schlumberger reports tomorrow. let schlumberger comes in. it always seems to sell off, and then you pull the trigger. take out microsoft and go to schlumberger. altria, i think is going to get a takeover bid. bank of america, we like the quarter very much. the stock is resting, ready to move. mer

these pictures show the view from the salesforce tower. it has changed the san francisco sky line dramatically over the last few months, the salesforce tower will stand 1,070 feet high once this massive construction project is completed later this year. >> that city skyline has changed so much. >> absolutely. every day you see a little change. >> rain today. keep that in mind, and join us back here for are the 4:00 on 2. >> uh-huh. have a great day. dr. oz: today, a new silent epidemic making millions of you sifpblgt it's called fatty liver disease. how to fix it fast. >> this is going to help with the detoxifying acts of the liver. dr. oz: plus, macha, macha. >> it means powdered tea. dr. oz: the however pious -- powerhouse in a custody work it. it's the flick of the wrist. dr. oz: we'll save lives today. dr. oz: you guys ready to get healthy? [applause] how many of you

know along the waterfront but there was so much opposition there they purchased this site from salesforce. it will be called chase center, that bank bought the naming rights. it will be slightly smaller than oracle, 18,000 seats. it's for more than just basketball. there will be conferences and other events. the warriors are paying for the billion dollar arena. mayor ed lee called this his legacy project. but as with many things, this new arena is not without controversy. critics have been worried about traffic congestion and though they love the team, they say they hate the possibility that nearby ucsf hospital will have limited access for patients so the group called the mission by a alliance had sued but they lost every step of the way including this morning when the state supreme court turned down their petition. earlier today, the opponents said the legal fight is not over. that was before the state supreme court made this decision. they said in the event that they begin construction activities such as site preparation, it would be at their own risk. well, the warriors are moving for

to fund the pilots that we ran with the unified school district and as you sit here now desk the salesforce and emmanuel and the giants are part that have a list on your program but i want to invite the first donor to say a few words the hell man family has done so much we were happy things of that nature step forward, please and please help me to welcome the president to say a few words. >> (clapping.) >> thank you. i'm reminded by mark remarks and mayor ed lee and jeff that every single good thing that exists in the city and our society exists is not one time exists it exists because someone looked at a problem or something needed to happen they imagined it and had the will and the ability and organization to go out and get it done at the beginning, it is a daunting task thank you for your vision and will and you know i'll get into more thank you's as we get further uniform representing my 3 sisters and the hell man foundation and you know that is we're very honored to support heading home that is exactly the kind of thing we like to do and you know we see the value in coming together dif

you can see the "salesforce" tower now taller than the pyramid and the crane still making it that much san francisco, oakland and santa rosa at 57. concord 58. livermore cool at 51. we are going to be chilly in the morning over the weekend. milder weather, but not in the morning. it will be subfreezing or right after freezing in concord, livermore, fairfield, santa rosa north bay and east bay valleys will be chilly. fremont tonight 36. san jose 36 degrees. let's talk about lake tahoe. no snow for so many years. now arguably too much snow the ski resorts had to close. power is out in a few spots for more than a week. all of that is gone. rear view mirror. please go enjoy lake tahoe one weekend this winter or more because look at the weather. 39 degrees sunshine tomorrow. 45 on sunday. with sunshine. skiing will be fantastic for the next several months. do yourself a favor and go spend some time in the sierra over the next couple of months. it just looks fantastic. high pressureling with in. it's going to be visiting for the weekend. the strongest closest it will be, will be saturday and

built on company innovation and if we have an energized salesforce and bring technology to the forefrontmula. anyie: heavy had conversation with the incoming administration about jobs? we have heard about jobs coming into the u.s. are being salvaged. is that something you'd be looking to open a kind of dialogue? guest: i have not had any personal interaction with the administration. would you be interested in some kind of incentive to keep jobs here or expand here as opposed to externally? open toe are always listening to any incentives that would be good for our business, shareholders or customers. caroline: that was the xerox ceo, jeff -- jack jacobs speaking with vonnie quinn. a 150 milliont up dollars venture capital fund, it's first in the u.s.. it will make it easier for the south korean tech giant to invest in early-stage startups. investments made six and is based in mountain view, california. that does it for this edition of "bloomberg technology." we will continue our coverage of ces with a great lineup including barry diller and shane ward, appearing on bloomberg television. b

>> i cannot speak for salesforce partners and microsoft.gn a private equity can coexist collaboratively with the tech titans. informatica is a great leader and has pioneered the space in the last 15 years. it is a growth investment. they are joining us in investment, a sign they believe that the company will be an exciting growth for some time to come. caroline: when you look at growth, by the levels you felt you would not get in unless you could drive it up by a certain percentage, doubling or tripling it? arranged for good us, above market by a significant majority. but, below the range were the ipo market becomes exciting. that is in the 10% to 20% growth range. for a publiciting market, it is way too expensive for the private equity players looking to pay single digit multiples for everything. 10% to 20% is good for us. caroline: what about charter and verizon? yahoo!,is looking at time warner. they may have to release parts of the business. is this rich pickings? >> of this is an area of rich pickings. when you see a period of large co

if we have an energized salesforce, we bring technology to the forefront of our customers, which we doh and every day, that is a winning formula. vonnie: have you had any communication with the incoming administration about jobs? severalthere have been announcements about jobs staying in the u.s. are coming back to the u.s. is that something looking to be open that kind of dialogue -- opening the kind of dialogue? would you be interested if there was to be some kind of incentive to keep jobs here are move jobs back here or expand here as opposed to externally, would you do that? >> we would always be open to listening to any incentives that would be good for our business. to us about your cost control, credit suisse talking about the idea that the dividend reduction is a good thing, and it will help. where else will you control your costs? >> we always control our costs. we run the business very tightly. this is all about unlocking shareholder value. one of the ways of doing it is to make sure we have an organization. we will not use the word corporate anymore. we're going to be embedd

you can see it also hit the new sailsforce -- salesforce tower on the right-hand side there. >> this is almost like something out of a movie, rosemary. as we continue to see storms moving in, i know we've seen heard thunder, seen hail, and now that spectacular lightning. >> that's right, and the biggest storm associated with this is still moving to the bay area. let's get a look outside of our doors. this is a beautiful shot of the golden gate bridge. you can see all of those clouds piled up over the bay area. we will continue with the clouds. as we get back to storm tracker 2, you can see the scattered showers are wide spread. we'll go back to the north bay, where we are looking at pretty good rain along highway 101, from santa rosa down through petaluma, novato, even a few pockets of heavier are rain. sonoma, napa getting wet at the moment. san mateo, redwood city included in there. south bay locations seeing scattered showers. santa clara, down around sunny valle. this is a wet commute. how about the east bay? it's fairly wide spread along a 580, 680, and highway 4. we'll go in ar

. >> reporter: "salesforce" ceo marc benioff also showed up it the sisters' current soup kitchen to show support for the relocation. >> if we're not supporting people like these sisters, then i don't know who we should be supporting. these are truly people who are doing god's work. >> reporter: at the city meeting, dozens packed in. many lined up against the proposed soup kitchen and the nuns. >> residential building. >> reporter: but with rosary beads in hand, the nuns' prayers were answered. the soup kitchen will open in the mission and the sisters are committed to be good neighbors. >> we need to walk together. >> reporter: in san francisco, i'm jessica flores, kpix 5. >> the sisters haven't said what day they will relocate to the new mission location. but they do hope to pack up and move as soon as possible. >>> police in san francisco are hitting the streets crackdown on safety but they are not targeting drivers. instead, they are handing out ticket to jaywalkers and cyclists making illegal moves. today was what police call a special enforcement day. there will be several each month

i think salesforce is worth noting as starting to get some buyers.e way, service down had buyers yesterday. these are all uber cloud plays. >> right. i wanted to come back to you on your question on qualcomm and nxpi. >> yeah, do you have something? >> apparently through the wonders of e-mail it needs the approval of the antitrust regulator in china. >> i was thinking you're going to go there. >> and the concerns about our country's relationship with china, particularly under a trump administration seem to have a lot of at least those investors who invest in these takeover situations concerned enough to say maybe that can be something bad. >> that is exactly where i wanted to go, but i didn't want -- i have no confirmation on it, but i think you're absolutely right. >> that's the -- from those who play these things. that may be why you see a larger than expected spread there. and china does figure prominently into a lot of our deals as we do their deals even though it seems it shouldn't be. >> monster breakup fee doesn't go through. again, going back

salesforce is not alone. >> i think oracle is a much better company. if you go back to when larry ellison hadn't hired, you know -- >> you're willing to say -- we're on air. you're not fearful? >> well, you know, one has to be cautious appropriately, but i don't think there's anything other than the truth in what i'm saying. the reality is once oracle was a software company, and it's since became an investment bank, and it hired investment bankers. and it's been great for their shareholders, perhaps not recently, but i think it's not been good for the quality and the evolution of the software. what's really important to us is that our clients get things that are real, that the case studies you talked about and the sort of stories you see, they're very tangible. you know, it's funny, when i listen to a lot of other companies and competitors, it's all fluff. we're not the fluff company. we're the company that does the real heavy lifting. >> after i read through yours, i felt like calling the people i do -- and i do simple trades action and just say why a

. >> one would have thought they were going after salesforce, workday, but this is truly out of leftt have expected that. >> what will the process be like and how do you make sure it doesn't turn out like nokia or to some extent, even skype? >> when i think about acquisitions, emily, i think about, is this something that's going to be expanding the market opportunities? this is riding the technology wave of the future? and is this at the core of microsoft? is this something we can differentiate? this checks l ose boxes. david: breaking news this morning. oracle will by netsuite in a deal valued at $9.3 billion. >> it is the least surprising acquisition in the history of software. >> as i understand, oracle really wanted to move into cloud. netsuite is like the original cloud company. >> founded by larry ellison. >> netsuite is a truly cloud business, almost a side project for larry ellison run by zach nelson. expertly run by zach nelson. he's a friend of mine. it is going to be curious to see their other biddings. >> oracle is making a desperation move to boost their cloud revenue. a

put providing complete redundancy for the transit summit would complete design coronation with salesforce tower and fremont for the pedestrian bridges, the gondola permissions where and all the civil war. we released to rfps this year. the neutral post to stupid antenna system or the for cell phone medication systems and the physical security management system and emergency to medications and master medication systems [inaudible]. we awarded five major packages the data network and systems integration audiovisual [inaudible] artwork it can't access multiplies power to the muni buses built in and around the transit center and the w 12-2012 2013 class iv. the club you 12 being the class floor at the grand hall. bus storage, since last year, ac transit actually secured favorable terms with the lease with cpc. we summit documents to the state fire marshal and state architect and be issued-we completed our bidding documents. we completed our contractor prequalification process. our plan for phase 1 design for 2017 is to award the [inaudible] that i mentioned earlier. also to award contracts fo

it's salesforce. wait a second, turnaround?ny reported a blowout quarter, went up to 77, came down to 67, now working its way back. what i think is interesting is if they can take m&a off the table, sorry people who are on twitter because that's what wi the of, then they talk about a repurchase, talking about a price target of perhaps 124. this would ignite a whole section. i don't know how you get to 124 without m&a and a takeover bid. i think this is an important piece because this is the group trying to make its way away from f.a.n.g., the cloud business, and i'm surprised this stock isn't up because it's one of the most bullish pieces i've read in a long time. >> what's on mad tonight? >> we have jci. i'm trying to feature some of these industrial companies that people are so excited about. we've seen emerson get upgraded today, rockwell, eaton. well, johnson controls should fit that profile. but i'll tell you, you got to have numbers first. so let's see if they do have the numbers. >> yeah. got a new all-time high on rockw

,media, verizon, and the sales to salesforce. that's some list. take it away. greg: thank you.eff: 2016 was a good year, but we had good deals. what do you look at in 2017? what does your crystal ball say? the outlook is strong. a lot of the factors that drove activity continued to persist. low interest rate, abundant available capital. and you have positive equity markets. that is still in place. more importantly some of the headwinds that we saw are starting to subside and specifically that's the regulatory environment. the expectation is that we will have something easy with regulatory. vonnie: sorry, gents. president-elect is speaking at trump tower. >> i have spoken to him about the support of small businesses, trading and passport business. [indiscernible] has the concerns, the solutions, he wants to discuss them with china, how it can be better. i advised and suggested we could go to the business community to understand the situation better right away. thank you. >> we are specifically talking support for one million small businesses, especially in the midwest of america

for instance, david, one we don't talk about that much but i see salesforce starting to get a little pep again. that stock is coming back to where it was when it rallied after the quarter. now isn't that interesting? almost a reversion to those kinds of stocks. >> by the way on this date in '04 mark zuckerberg registers the facebook.com as a domain name. >> that's interesting. >> 13 years later it's worth $360 billion. >> i tell you, i got that facebook when i got to howard i devoured that thing, i dog eared it -- wait, i was younger then. i had a ton of hair, man. >> did you? it was all over the place. >> it was mutual that facebook people tearing it up saying, oh, wow -- just saying it was not as substantive as it is now. >> on some of these tech names should mention j.p. morgan takes netflix to a top pick. >> how do you like that? >> on the prospect of their words increased profitability. ma mallone had more things to say say. >> he felt the cable companies themselves should be making an offer that is netflix made several years ago. had other things to say about t-mobile and cable

imagine that product with the cisco salesforce and you can see how they might get more value out of theery quickly, qualcomm reporting that they are squarely in apple's crosshairs. cory: apple and south korea's crosshairs. these antitrust concerns are important. qualcomm has beaten these charges every single time, but you can expect investors are going to have a lot of questions on the conference call when earnings are set after the close today. vonnie: cory johnson therefrom -- there from san francisco. you can hear more from cory johnson on the half hour when he is joined by "bloomberg markets" on bloomberg radio. vonnie: president trump --david: president trump will take action on two of his campaign promises. we will have reaction from the president. vonnie: live from bloomberg world headquarters in new york, i'm vonnie quinn. david: i'm david gura. this is "bloomberg markets." let's begin with the first nerd news with taylor riggs. donald trump's hotel management company is playing to triple the number of hotels across the u.s. and will open the first of its new lower-priced brande

next week "squawk box" is live in davos, we'll be talking to ceos of bank of america, salesforce, at&l and many, many more. stick around, "squawk box" will be right back. of ns youct ro hhe. oh jecurur r c.cln inl.♪ere heun.(r hory our azthdede buyo otersw reryotevealwi msionanthio >>> welcome back everybody. you know, next week we're going to be in davos starting on tuesday, we'll be there tuesday and wednesday. so big lineup lined up for you. steve, i want to thank you for being with us today. >> pleasure. >> i know you have a big guest today too. >> 10:00 on tuesday we'll have jack lew exit interview. you guys have a great time. some schnitzel -- >> i think we're taking the beef jerky with us. >> sausage, what do you eat? >> fondu, cheese fondu. >> bread. >> eat well. >> thank you very much. have a great weekend, it's a long weekend. we will be live in davos, "squawk on the street" begins right now. ♪ >>> good friday morning. welcome to "squawk on the street," i'm carl quintanilla with jim cramer at the new york stock exchange. faber's off today. huge friday. earnings season begins

put providing complete redundancy for the transit summit would complete design coronation with salesforce tower and fremont for the pedestrian bridges, the gondola permissions where and all the civil war. we released to rfps this year. the neutral post to stupid antenna system or the for cell phone medication systems and the physical security management system and emergency to medications and master medication systems [inaudible]. we awarded five major packages the data network and systems integration audiovisual [inaudible] artwork it can't access multiplies power to the muni buses built in and around the transit center and the w 12-2012 2013 class iv. the club you 12 being the class floor at the grand hall. bus storage, since last year, ac transit actually secured favorable terms with the lease with cpc. we summit documents to the state fire marshal and state architect and be issued-we completed our bidding documents. we completed our contractor prequalification process. our plan for phase 1 design for 2017 is to award the [inaudible] that i mentioned earlier. also to award contracts fo

to fund the pilots that we ran with the unified school district and as you sit here now desk the salesforce emmanuel and the giants are part that have a list on your program but i want to invite the first donor to say a few words the hell man family has done so much we were happy things of that nature step forward, please and please help me to welcome the president to say a few words. >> (clapping.) >> thank you. i'm reminded by mark remarks and mayor ed lee and jeff that every single good thing that exists in the city and our society exists is not one time exists it exists because someone looked at a problem or something needed to happen they imagined it and had the will and the ability and organization to go out and get it done at the beginning, it is a daunting task thank you for your vision and will and you know i'll get into more thank you's as we get further uniform representing my 3 sisters and the hell man foundation and you know that is we're very honored to support heading home that is exactly the kind of thing we like to do and you know we see the value in coming together differe