when will it demand it from salesforce, i can't say.: is amazon getting a pass from wall street? steve: i think they are, because people believe powerfully enough in the future of earnings. but you can't tell me over the long run that market cap and earnings are divorced. that runs against my market view. 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. i think twitter is an area producible 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 sense for the company, the product and shareholders. emily: what about going private? steve: go

you take -- i mean teem are saying you're talking customers from oracle, from salesforce. to me what it seems like is you're taking customers that are a client service or have one part of sap and you're bringing them all the rest. it's not really much as a share taking and that's why we shouldn't think if salesforce is doing well, sap is doing badly. >> you know, jim, i think you're exactly right. there's plenty of room in this market for a lot of great companies to thrive. whether you're talking about salesforce or sap or anyone else. obviously, look, we're conservative. we want to win every piece of business. but the important thing is that we serve our customers. if the customer wants to use us in 70%, 80% of their enterprise needs and somebody else in another part of it, wonderful. we'll make sure we work collaboratively with those other companies and make sure the customer has an amazing experience. >> well, it's terrific. it's great to see you. i never take notes when a guest is on. mime writing down in micro services. it's like the old day when i wrote down cloud co

. ♪ selina: salesforce reported the fourth quarter results after the belt.h the company beat estimates, he gave a weaker forecast. salesforce forecasts the revenue in the current period will be $2.34 billion. now youtube is going prime time. they announced a new service today called youtube tv that will deliver an assortment of major tv channels to paying customers for $35 a month, starting in the spring. lucas shaw spoke to susan ofcicki earlier, who is ceo youtube. he started by asking about the details of the new service. we wojcicki: on youtube, have a nod of demand for tv content.we think it's a great opportunity with mobile phones, because everyone is carrying a tv around in their pocket, but they are not using it for tv. we saw this giant opportunity about all this amazing tv content, and making it available to a generation that loves content, but they want content on demand, they want to watch it on any device, they want to not have the commitments currently required for tv. we just saw a big opportunity to bring the old tv experience to the audience

take a look at this "salesforce" building.t week, when we were inundated in the rain, across the bay over at treasure island looking towards the skyline of san francisco and i think while we were all under our umbrellas, the "salesforce" building is now just as tall as the transamerica pyramid if not above the 853 feet of the pyramid. boy, building very quickly there. look at that beautiful skyline this morning. sunrise officially 6:59. temperatures in the 50s and 40s. we are picking up light rain off the coast. this wants to move into the north bay. if it does it could evaporate before it hits ground in the form of virga but nonetheless we'll all be wet this time tomorrow morning. when you see the yellow area, that's where we have a flash flood watch in effect in advance of the storm. the red area right there that's clearlake at lakeport. we are watching the rising rivers. pretty much at flood stage right now. we do have levees we are monitoring and the auxilliary spillway of the oroville dam we'll be keeping an eye on that.

maybe the reason why a salesforce is willing to pay $29, which is sub taxly above where it is now, isause it really is a great treasure trove that machine learn cog apply to. why did the board turn down a $29 bid. >> what i'd say is we can't comment on anything specifically but the board understands his fiduciary duty. >> but a home run is a home run. why go for a single? >> ultimately the board has to decide what's the best way to maximize shareholder value. >> we understand david faber talks about why disney wanted to be in. disney has espn. you get a fantastic combination. combinations can be great too. it doesn't necessarily have to be a $29, $30 bid. >> we partner with these companies and create great value by partnering with them. our live product is a product that reaches a younger audience, a global audience, an audience that's on mobile. last year in the fourth quarter we had 600 hours of live programming. that's reached an audience that was 55% of which was less than 25 years old. so our relationship with the nfl and other of the big media companies is really helping them re

salesforce issued this statement, as they embodied sales forces. and, the city's largest technology employer and will serve as a hub for the community. and, as far as partners. >> the building will be the heart of our global headquarters and represents an incredible milestone. and will continue to grow at an unprecedented rate here to >> state senator. jerry hill will investigate a recent spike in bills. a lot of customers had sticker shock when they shot up in december and january. they say a 20% rate hike took effect last summer. however most customers didn't really feel the effects until now. and they say that at this point he doesn't the wrongdoing by pg&e. you if there's something that -- >> if there's something that they are doing wrong, they need to call it out. they have not at this point. they have given than those increases. they are passing them on to the consumer today. because of the cold weather people are jumping into that second tier which is a 40% increase. >> those bills are still going up. another rate increase of at least 5% is

salesforce bought chase tower in indiana. created almost 1000 jobs. these are companies also looking for their strategic interests and partnering in the united states. even if they're not directly creating jobs, they are creating potential app developers. as a congressman who represents my first priority has to be how do we provide these opportunities to people in this country. host: how can your current committee assignments help your work? ro khanna: i was fortunate to be on a budget committee which of course is -- debates the big issues of economic priorities. where i fundamentally disagree with the president is his idea is that if we just have the right tax and trade policy we could somehow bring these old jobs back. is, you have to think about the jobs of the future. it is patronizing to say that if you are a coal miner or thank them for building the great country we have, but it is patronizing to say that their kids may not aspire to do something in technology. the question is, how do we create that opportunity? that requires in investments in t

headquartered in houston and owns and is building several buildings in san francisco including the "salesforce" tower. two companies are flying in a structural engineer from washington state to further assess problems at 33 tehama which has been under construction since 2015. >> once the platform is stabilized, the pump on the platform will have to be cut from the base, the crane that's sitting next to it will attach to that pump and that pump will be lowered to the ground. >> reporter: ndria borba, kpix 5. >>> more than a dozen buildings were evacuated when the slab started to move. kpix 5's susie steimle talks to vac weeks who waited all nice to get the "all clear." >> reporter: the already sluggish streets of soma have screeched to a halt as streets shut down streets at tehama were shut down. evacuees tried to find out what happened. >> we were just in our building working on our computers in our office and they came up to us and said you have to evacuate the building. >> reporter: michelle malouf worked in one of the 16 offices forced to evacuate. they didn't have time to grab anything. >>

other companies including airbnb, uber, and salesforce, may join their efforts. latest foreign company to sign up to president trump's american manufacturing. according to the economic daily, it will start producing appliances in south carolina, with a new plan set to make refrigerators and washing

other companies including airbnb, uber, and salesforce, may join their efforts. samsung may be the latest foreign company to sign up to president trump's american manufacturing. according to the economic daily, it will start producing appliances in south carolina, with a new plan set to make refrigerators and washing machines. takata may plunge by the daily limit after the company emerged as its top bidder. takata says a company recommended a bid over that of another. key is the world's fourth biggest airbag maker but has just over 4% of market share. currentlyres are untreated after falling for the last two sessions. global news 24 hours a day powered by 2600 journalists and analysts in 120 countries. let's get you a check of the markets. afternoon trading just getting underway in hong kong and china. asian markets all in the green. this is bloomberg. ♪ caroline: i am caroline hyde. this is the "best of bloomberg technology." where we bring you our top interviews from this week in tech. coming up, snap filed for an ipo, $3 billion, the details ahead. plus, apple

. >>> a number of other companies allow dogs at work including salesforce workday, and google. >> if were to bring your pet to work it would pretty much -- >> i have a bunch. my big red lab. and then we've got boomer. the puppy. and you have your black lab. >> we've got chubby. 55 pounds. >> and flossie. >> we looked it up. in 1999 that is when you could bring your pet to work. that started. june 23rd you can bring your pet to work. i'm just the messenger but that's a friday. >> depends on whether or not your company lets you. >> therefore -- >> [ laughter ] thanks for watching. we will see you back here at 11:00. >> the latest always on cbssf.com. ,, ,,,,,,,,,,,,,,,,,, >> announcer: an ex is warned. >> judge judy: do you currently have an order of protection against you? >> yes. >> announcer: but he didn't listen. >> judge judy: you were arrested for violating the protective order? >> i have six months in jail hanging over my head. >> judge judy: if you go near her again. >> correct. >> announcer: now he still can't stay away. >> this woman has turned my life upside down. >> judge j

it is the five we mentioned at ibm and salesforce.y are also so richly capitalized that they buy smaller companies as soon as they see some promise. charlie: the interesting thing about amazon, jeff had a 7-year runway to developing enterprise as a better unit of his business. he had total presumptive develop -- freedom to develop something. brad: it's getting close. retail is probably bigger. amazon almost alone, and maybe facebook and google enjoy some of this, but having that space from investors who are not demanding short-term results. charlie: wal-mart is not competitive in enterprises. brad: without a doubt. charlie: they were out there in the cloud before microsoft and almost anybody else. certainly with the scale they have. brad: they have a big lead, and microsoft and google are hoping to catch up. i go back to that 1998 shareholder letter, the first one that jeff wrote, saying he wasn't going to focus on profits, he would focus on cash flow. he's like a batter who called his shot and has been hitting it in the same spot eve

they need salesforce. that would be game, set, match. i thought that was a great quarter. it's been overlooked because of the selloff in tech. i was even thinking about it for the charitable trust. stephanie in new jersey, stephanie. >> caller: hey, jim, booyah. i have a question about -- is now a time to invest or should i wait to hear about earnings? >> you know what, i actually think it is. we had to avoid it because the shorts were pressing it down. they're still there. they're still there. 27% short position. here's what you do. when they report, they'll be down there, and they're going to hit it and hit it and hit it. that's your moment. facebook, one of the greatest stories of all time. it's that simple. you can look at the action and say, oh, must be bad. that's what jokers do. do you know any other company that future's bright? much more "mad money." if it's packed and shimmed, chances are it's from international paper. the stock took a hit. nobody likes that one either. opportunity? don't mice my exclusive. then 1.3 billion chicken wings will be devoured during t

fourth-quarter adjusted earnings per share beating highest analyst estimates for sales first -- salesforceop bouncing around a little bit, all but .4%. we will keep you posted. this is bloomberg. ♪ joe: earlier in this hour we fed officials, john williams in santa cruz and the new york fed president, build ugly, most making -- both making -- new york fed president bill dudley, both making the case that tightening is becoming more compelling. the drumbeat is really building up and as you have noticed, it's being priced in quickly. scarlet: if you look at the work function on the bloomberg, were now looking at 78% odds of a rate hike in march. just a few minutes ago when the headlines broke, it was at 75%. 56%.er today it was at a week ago it was at 43%. so there is a march higher in the on for a rate increase coming later this month. with our more on this guests. headlines fromse fromwilliams and john williams and bill dudley. is there concerted effort at the fed to make sure -- >> giving the message it's definitely going to happen march 15-they're trying to reduce speculation in the market

that the selloff was overdone and also with all of its daily users, would it be a good fit with salesforce? >> i thought the selloff was overdone. i think a lot of it was self-induced because the company's conservative. i would be a buyer of yelp. i just simply did not think that what yelp had to say jived at all with what yelp said would happen. i think yelp is okay down here. i think it probably goes down again on monday. maybe you buy it tuesday. how about ed in california, ed. >> caller: hey, fellow 210 akwarian. happy birthday to the both of us and a big booyah from the second home of wish we both still had it dna. >> darn it. ain't it the truth? >> caller: ain't it the truth? according to what our little lady, who sits in the chair at the fed, what will interest rate increases do to reit and particularly the one that's been very good to me is cim. >> boy, that's a tough call because i think it goes down. i think it's not going to be as attractive. you know what, we never really know what they own, and that's the problem with -- you've had good luck with this. it's obviously come back

tell people i like the stock live nation, i love the fact you have the data bank of names, the salesforcengle. people say wait a second, jim. ticket master, amazon's going to put them out of business. they've hired this guy. they've hired that guy. amazon's the ultimate ticketer. why should we not fear amazon if we own the stock of live nation? >> right. well, you know, you look at two businesses. on the live nation side, we have 77 million tickets, and we get to decide how those are distributed, right? so we can decide at live nation whether we want to use amazon, ticket master, or stubhub, right? that's one of the unique parts of our business. we control the content as well as the distribution. so live nation will do what's right for the business with its content or its tickets. on ticketmaster, one of the things i've talked about for the last two years when we took over ticketmaster is we need to make ticketmaster really like the saber system of the airlines. we've invested over the last two years in an api to open up our platform. we now have a deal with spotify and facebook and group

contractor for this type of work but got process or figuring out those and they've entered into salesforce other cities evaluated on the needs of our department. >> when you stayed the volume. >> (laughter). >> right. >> so that's when you say database what's the database. >> what is the database. >> what's in the database of. >> appeals it is each appeal that is filed a person new appeal number. >> simply the file. >> a process how we take and gather appeals to dispense them all the materials we have so - >> it generates designed to generate the documents we need more the appeals some of the ones in the packet and other ones. >> so the full process in software including all sorts of stuff. >> yes. >> it is more than - it is more. >> like a repository. >> for documentation documentation and . >> property management. >> our system is prearchaic it was on a platform it is no longer need it needs to be enhanced and needs enhancement yeah. >> okay. so my recommendations basic is to increase the surcharge revenue as needed to cover the operating expenses to reflect the enforced allocation of th

contractor for this type of work but got process or figuring out those and they've entered into salesforce cities evaluated on the needs of our department. >> when you stayed the volume. >> (laughter). >> right. >> so that's when you say database what's the database. >> what is the database. >> what's in the database of. >> appeals it is each appeal that is filed a person new appeal number. >> simply the file. >> a process how we take and gather appeals to dispense them all the materials we have so - >> it generates designed to generate the documents we need more the appeals some of the ones in the packet and other ones. >> so the full process in software including all sorts of stuff. >> yes. >> it is more than - it is more. >> like a repository. >> for documentation documentation and . >> property management. >> our system is prearchaic it was on a platform it is no longer need it needs to be enhanced and needs enhancement yeah. >> okay. so my recommendations basic is to increase the surcharge revenue as needed to cover the operating expenses to reflect the enforced allocation of the fund

. >> do you think benioff from "game of thrones" is more likely to be there than benioff from salesforce what's the relationship there? >> not related at all. remember, benioff is related to a former chairman of goldman sachs. >> right. right. >> let's get to the opening bell. s&p at the bottom of your screen. at the big board this morning kendall royalty partners and oil and gas limited partnership celebrating its ipo at the nasdaq henry schein provider of medical and dental products for the ada foundation, give kids a smile. [ bell ringing ] >> guest on "mad money" they've done a lot of things to be able to make free dental. they're the largest supplier of -- thank you, david, for introducing me to henry schein. >> i introduced you, yes, years ago. >> on my show. >> and you've done very well with stan bergman and that stock has done very well. >> yes, been an amazing stock and will continue to be so. wow, we got some restaurant stocks moving up. i'm wondering if that's in sympathy with chipotle. i'm looking at -- >> sales rise for the first time in five quarters. >> yeah. >> comps down

happening in the enterprise world where companies born in the cloud, like servicenow and workday and salesforcensforming how companies operate. i first came in contact with servicenow as a customer at e-bay, a very satisfied customer. and the more i've learned about this company, the more excited i've become. it is the fastest growing enterprise software company at scale. it grew 38% in the fourth quarter on real scale over $1 billion. and the opportunity is enormous. so i'm very excited because i think servicenow's got a chance at being one of the great enterprise software companies of this era. >> all right, well, want to talk to you more about that opportunity, but mr. slootman, let me turn to you. my colleague, jim cramer, has done nothing but praise you at least to me and tell me what a great company this is. you've been ceo for six years, why step down? >> well, david, this is not about me. this is about, you know, us really being very proactive, very strategic, very forward looking about ceo succession. you know, as most people know it's very, very tricky to have a successful succession

and it did fully engage on a potential sale some time back when i reported on that, namely with salesforcend with disney. because they knew and they wondered whether and how long they can keep putting up these kinds of punk quarters. >> well, now this might be the year you could argue in 2016 was the year to organize the team. and 2017 could be the year they figure out revenues. >> maybe. do they need new leadership? at what point does a board say let's try something else? >> i see internet companies with phenomenal leadership that have not been able to monetize advertisers. so, now, i know, look, when twitter's down and you can pile on, it's easy to pile on. >> you don't think that in an election year rising tides should at least lift all boats? maybe not to the same degree. >> it should. >> not to mention it's mentioned every single minute every single day by every media organization? >> it's not the thing if you're proctor & gamble you want to go all-in unless you're the nfl. look all the things they said about me on twit sgler if they can't monetize this environment, when are they goin

. >> i would - i mean, i remember when we approved the salesforce site there was a lot of color and cited people we thought that people were on the ferry building and seeing a splash of color they'll see that when their you know with the eyebrows are lit up about that would be great to figure out other colors during the day to break down the - we have a lot of embraces and glass and metals green; right? so part that have that same palate of color that would be great to lien it up and other buildings coming along for approval. >> that's where we are at the moment in terms of naval the glass color there are vertical finances we're showing in the architecture there is areas that there particularly on the ground floor we're analyzing that your point is well-taken. >> and folks that are suffering with cancer you know going into a gray building it means there's a way they walk in with some color to lift up the spirits or something like that. >> so that's my only comment i think you guys are working hard to apply that nice balance of practical - >> spaces with trying to let if it in. >> you get

they ought to offload it to salesforce or oracle. it's been ridiculous.ght change that. then we will actually have numbers that are decided you ought to outsource it. there's no reason the labor department should actually do it because they've shown no sign of being able to do it well. because they revise so much. imagine if we had companies and they said, listen, we reported $1.23 but the last quarter turned out to be 80 cents. we thought it was $1.90. we would never allow a company to do that. >> are there any animal spirits already being manifested in ceo decisions from the election, do you think in this report? >> yes. >> you do. >> yes, i think small business feels better. small business takes it to heart that their regulations that are just going to go by the wayside and regulations have kept them from expanding. i actually genuinely believe that. i had snap-on tool on last night, they service thousands of small garages and everyone's very excited because they think maybe the epa gets off their backs. >> all right. and amazon, is this the time to bu

. >> i would - i mean, i remember when we approved the salesforce site there was a lot of color and cited people we thought that people were on the ferry building and seeing a splash of color they'll see that when their you know with the eyebrows are lit up about that would be great to figure out other colors during the day to break down the - we have a lot of embraces and glass and metals green; right? so part that have that same palate of color that would be great to lien it up and other buildings coming along for approval. >> that's where we are at the moment in terms of naval the glass color there are vertical finances we're showing in the architecture there is areas that there particularly on the ground floor we're analyzing that your point is well-taken. >> and folks that are suffering with cancer you know going into a gray building it means there's a way they walk in with some color to lift up the spirits or something like that. >> so that's my only comment i think you guys are working hard to apply that nice balance of practical - >> spaces with trying to let if it in. >> you get

. >> i would - i mean, i remember when we approved the salesforce site there was a lot of color and cited people we thought that people were on the ferry building and seeing a splash of color they'll see that when their you know with the eyebrows are lit up about that would be great to figure out other colors during the day to break down the - we have a lot of embraces and glass and metals green; right? so part that have that same palate of color that would be great to lien it up and other buildings coming along for approval. >> that's where we are at the moment in terms of naval the glass color there are vertical finances we're showing in the architecture there is areas that there particularly on the ground floor we're analyzing that your point is well-taken. >> and folks that are suffering with cancer you know going into a gray building it means there's a way they walk in with some color to lift up the spirits or something like that. >> so that's my only comment i think you guys are working hard to apply that nice balance of practical - >> spaces with trying to let if it in. >> you get

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