salesforce gets initiated with a buy, you love the company. why?everything you and the panel were talking about, i think they have fantastic topline growth, great management team, really well positioned across cloud software, a number of different clouds that they offer and they've just put up the numbers for so long that i think the stock has a lot of runway ahead of it. >> how big of a position is this for you? >> this is the biggest position in my fund it's close to 15% of the fund right now. and i think it's got a lot of upside over the next several years, i think the stock could even double from here >> we'll take a look at the chart right now. that's a large position. so you -- you know, we sort of tease this as you sold out of some of the f.a.n.g.s or don't like the f.a.n.g.s as much anymore, that you're placing your bets with a name like crm >> that's right. i have probably the highest weight in the software sector that i've had since i've managed the fund, which is a little bit over five years. and i have less in the internet sector it's n

tech companies like amazon and salesforce are using apprentices. now even the white house has taken notice of the possible benefits of apprenticeships. >> we're empowering these companies, these unions, industry groups, federal agencies, to go out and create new apprenticeships for millions of our citizens. >> reporter: president trump just signed an executive order expanding the nation's apprenticeship programs, making them a key part of his labor policy. in a meeting with business leaders earlier this year, president trump accepted a challenge from salesforce's ceo, mark benioff, to create 5 million apprenticeships in five years. last month, the labor secretary visited a bmw manufacturing plant in germany to observe the company's apprenticeship program in actions. under solar turbine's four-year program, apprentices get paid, trained, and mentored. by the end of the program, all of them get hired. company executives say the six-year-old program helps fill a critical need in a competitive marketplace. >> if the apprenticeship program helps us for

two women looked at everything will gap and salesforce adjusted overnight in a very rapid process.dded millions of dollars to their pay packets of people the balance people out. companies are willing to do that or even give information about the gaps that exist. we're talking about gaps between women and men who do the same job. carol: apples to apples. oliver: you have a lot of anecdotes and company specific examples of the story, we have diagnosis. >> is interested in the gender pay gap, but i was more just it in what companies and people are doing to try to tackle it and through their attempts, successful or not, i could see what was actually working and what wasn't. first we examined why is this happening? it is so pervasive. >> still. >> for many years. it's not really moving. it's been relatively constant at make, andof what men it's been that way for at least 20 years. >> you make that distinction all theyou can take jobs that women work and all the jobs that men work and compare the day, but you can also do compare the exact jobs. that's a better comparison at this point. >

you can even see the top of the crane of the "salesforce tower." this is lovely. there you see the "salesforce tower" on its rise towards the highest skyscraper in the bay area. there you see that finger of fog trying to work into the bay area. you can see a little sunrise towards the east. that's gorgeous. 50 in santa rosa to 57 in oakland. 52 in livermore. with the clear sky, we have a bit of a breeze this morning. southwest at 13 in oakland. this is an onshore push in san francisco. it's westerly at 9. we do currently have a south wind at 10 in consumer report and also 5 in livermore. 16 miles an hour in fairfield. john miller is our weather watcher in santa rosa this morning. 50 degrees there. clear skies. john you look like you're ready for the weekend. so let's get to it! we have your weekend forecast. first off satellite-radar suggests there's that swath of cloudiness trying to inch its way up the san mateo coast. you saw that little hint of stratus into the bay this morning. we are under the influence of high pressure. it minimizes that onshore push but we

take vo --la torre de salesforce se ha visto desbancada por un nuevo rascacielos que fue inaugurado hoyvo --el wiltshire grand center tiene una aguja que eleva su altura total a mil cien pies.... --el edificio perteneciente a korean air, costo mas de mil millones de dolares.... juan francisco / cont.vo --esta construido a prueba de terremotos gracias a que su centro actua como una fuerza estabilizadora.... paola hasta aqui esta edicion, lo esperamos esta noche a las once, que disfrute de su tarde... . >>> hoy sÁbado mÉxico la semifinal. en un partido de infarto el tri logrÓ ganar y se impuso contra la local rusia. >>> fiesta mexicana. desde kazÁn a mÉxico los aficionados del tri celebraron el gran triunfo de su selecciÓn. >>> morir al cruzar. las autoridades tratan de descifrar la muerte de un inmigrante mexicana traÍda por coyotes a estados unidos. >>> y lo que sabÍa barack obama del washington post dice que el gobierno del expresidente conocÍa de las

salesforce knows everything you do with their software facebook knows everything you do on their site. amazon knows every single product that you buy the data that they have from these direct connections with customers is is a really different sha differe differentator. it's definitely winner take most and we're seeing that with amazon and retail and certainly with facebook and google and digital advertising. 80% of the advertising is going to those two companies >> michael lippert >>> let's now head to sue herrera with the latest headlines. >> indeed, i do. thank you very much. melissa. here's what's happening at this hour, everybody. the owners of the three mile island nuclear plant in pennsylvania have formally notified regular urtors of thei previously announced intention to close the plant exelon sent a letter saying that that plant would be shut down around september 30th of 2019 for economic reasons >>> ford recalling more than 400,000 transit vans and buses from the model years 2015 to 2017 it's dued to cracked drive shaft couplings that could cause the vehicles to lose power

apple, google, "salesforce" and adobe. so if indeed president trump does decide to pull out of the paris accord, the plan would then be to form a team to dismantle current policies brought about by barack obama to reduce climate change and that could take up to three years. >> anne, thank you very much for that report. and taking another live look at the white house rose garden, we'll bring you president trump's paris climate agreement announcement live when it happens. >>> in the bay area, vallejo police shot and injured a man who they say had rammed an officer's car. as kpix 5's jessica flores reports, the suspect's family is now calling that shooting excessive. >> reporter: this is how the police shooting ended. the dodge challenger in a ditch with bullet holes on both sides of the car. vallejo police say they caught up with the suspect 20-year-old kevin decarlo in martinez. police say after the suspect rammed the dodge into a police car, officers fired gunshots into the dodge striking the suspect multiple times. his fa

we can see the "salesforce" tower,

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

we can see the "salesforce" tower, as well. look at the beautiful golden gate bridge yesterday fogged in all day long. now 50 at santa rosa, 57 in oakland and san jose. the clouds have moved offshore. it's an earlier burnoff. and the end result today will be some warmer conditions. especially spiking in our inland areas. 86 in fairfield, low 80s in san jose, 83 in santa rosa. full forecast is coming up. jaclyn dunn? >> good morning. we are going to begin in the south bay. this is along 101 at trimble. the taillights moving northbound a few cars on your friday morning commute. everything moving right at the limit. altamont pass westbound 580 a few yellow sensors. nothing to write home. still in the green with the travel time just under 25 minutes from 205 to 680. bay bridge toll plaza quiet. >>> it's a good morning for "dub nation." the warriors dominated game one of the nba finals. >> yeah. they beat the cleveland cavaliers. kevin durant and steph curry seemed to be the lethal combination. durant had 38 points, curry 28. final

it was widespread in the tech space and video rolling over, square fake i taking salesforce down. this is a huge real this year the tech moves you too far, too fast. you buy the tef or have we seen the top? >> i don't think you have to buy the dip today, but i don't also think that this is a warning sign that everything is a worry. because you look at what happened in the other market, if i saw bond going higher, yields going lower, if i saw a rush to the u.s. dollar or if i, frankly, saw any other sector in the s&p 500 really get hurt. to me, this was a rotation. just like we saw, remember back in november, after the elections, you saw people taking money out of tech. going to banks, that's to me all this is. so you don't have to buy it today. there will be a chance to buy it. probably just not monday morning. >> it is the rotation. i believe it's rotation. we talked about it the last week with iwm. small caps. small cap was basically flattened year-to-date performance. amid a backdrop up 8% or. so you see guys that need performance. we're june, a couple handful days in. here the

. >> here's something that's become clear in 2016, 2017, investors are willing to pay for salesforcehat's growing 20% a year versus oracle that only buys multi-million acquisitions takes cost out to get a few percentage of growth on the etf line to me oracle is a classic rollup they think they're in a dead heat with cloud seams. they got there about the same time. >> it's a database >> a quick point effective romups can be effective investments. we seen that. >> we're switch i switching from technology, up next, we will talk about food. mcdonald's making a run back towards all time highs, there is a little something in the charts for mickey ds. cell phones, big nice thoughts we're talking some of your tweets, much more options action still ahead. hey gary, what'd you got here? this bad boy is a mobile trading desk so that i can take my trading platform wherever i go. you know that thinkorswim seamlessly syncs across all your devices, right? oh, so my custom studies will go with me? anywhere you want to go! the market's hot! sync your platform on any device with thinkorswim. only at t

. >> many bay area companies including apple, google, "salesforce" and adobe support the paris climate agreement. senate majority leader mitch mcconnell and 21 other republican senators are in favor of the withdrawal. >>> a universal healthcare plan for california could save the state billions. economists at umass amherst find a single payor plan would cost california $331 billion per year. that's $37 billion less than the current system where millions of people are uninsured. to pay for it the state still needs to find $106 billion in tax revenue. researchers say the savings would come from eliminating insurance company overhead and controlling prescription drug costs. >>> as the warriors and cavs prepare to play game one in the nba finals tonight police in los angeles are looking for the person who sprayed graffiti on the home of lebron james. >> no matter how much money you have, no matter how famous you are, no matter how many people admire you, you know, being black in america is tough. we got a long way to go for us as a society and as african- americans until we feel equal in am

third quarter beating estimates and jpmorgan saying results showing the salesforce reorganization is off to a good start. ciena revenue beating estimates as well. and tech data beating estimates . we have potential deal news to talk about this morning. buying a german company for $5.2 billion. makesuild machines that asphalt -- mix asphalt. approached by conagra about a potential acquisition. suisse,g to credit conagra would be willing to pay a hefty premium for pinnacle . finally, a look outside the world of stocks here today. we see a bit of a bounce for the u.s. dollar. it is up .1%. yields up .2%. gold futures down. the vix is down as well. as we see stocks rise, we see a bit more of a risk on environment taking hold today. mark: a similar story here. stocks are up today after five days of declines. the five-day drop was the worst run since november. interesting may come up .75% for the european benchmarks. much for sell in may and go away. confidence rising, strong domestic demand, more orders, pmi at 56.7 in may. the highest in three years. the markets as growth is largely driv

the founder of salesforce worked on it with obama. he's now working on it again in the white house. what president obama didn't do is market it very well. people didn't know that it existed. it sat in the labor department. we're going to take that effort and shift it over to the treasury department. but it's not like it's a new program. it's a beefed-up program, hopefully a smarter, better program, but it ain't new. >> and to follow anything to do with job development in this country, that's part of our mission on this show. >>> the trump administration also talked a lot about debt this week. the u.s. has already hit the debt limit in june. it's june. the legal limit on how much the u.s. can actually borrow in may. >> now, why you haven't heard a burchl is because the treasury secretary can move things around to keep paying the bills, but he has urged congress to raise the debt limit before the end of july. the treasury department also announced the u.s. ran up a budget deficit of $88 billion in the month of may. that's unusual because that's a 66% jump from the previous year. now,

that salesforce tower has changed everything. it is sticking out of the fog. del maria says there is no fault in antioch. brentwood, oakwood still and 100, vacaville might be close, but by sunday everyone will start to cool off. a lot of temperatures are down 20 degrees compared to 24 hours ago. livermore from 106 to 96, gilmore from 98 to 89. the search from the south and a lot more air than what you are seeing on the satellite. temperatures continue to come down. you can see the temperature spread here. vacaville has a little bit of a breeze. i imagine northwest, northwest west not strong. the high is losing its grip, but it will still be a hot day. we will see of temperatures drop over the next couple of days. there were a lot more 60s here yesterday. cooler weather will make it for areas that have not had cooler weather in a while. 90s and 100 up in vacaville, but everyone else cooldown and we really cooldown going into sunday and monday. >>> coming out, the president announces his hopes to build a solar wall along the us southern border. the proposal that

it's that oracle manages an and theye salesforce, are great at finding ways to create demand and newlications. there is another issue going on, which is that oracle will -- people talk about oracle's growth story, it's growth engine but, cloud services -- guess what, cloud services are everybody else's growth engine. it is pretty amazing that they are able to continue to grow there, despite facing a lot of headwinds of competition. one of the reasons why they may be able to grow is because of their license software business. they have this foothold in the companies where companies need software.ir erp those same companies are buying the cloud services. caroline: fascinating. we will shift gears very quickly. is driving ahead in after-hours trading. we saw adobe come out with numbers earlier. they were again a good set of numbers. the shares did not pop quite so much. i've got a bloomberg chart. many potentially questioning this number in white. it is how high earnings per shares have got. you look at the trailing 12 months earnings per shares, looking at what it might be going forwar

salesforce, the king of the hotter than ever cloud, climbing up 22% for 2017.'s go over why i chose them and what worked and didn't. i can see why the dentists are having trouble with these things, it's sticking to my shoe. what worked and didn't. at the time, chipolte was the highest valued restaurant. there were never enough chipotles. its highest quality problem the lines were too long and there was a healthcare scare and it got crushed. it's been 15 months since the last outbreak and the stock is doing well as we said it would be doing, rallied since the past. i'm tired of hearing about apple's lack of innovation sings jobs died. it's far cry from the total 3212% gain accruing under the tim cook era given that the biographer said he didn't leave that much on the drawing board i think it's innovated well beyond what anyone else has done in the consumer space and the quality has only improved. apple may not be the best tech company ever but clearly the best consumer products manufacturing company in history. what's wrong with that? how about netflix? i picked

the salesforce tower opening in san francisco. neither one is very tall compared to new york's freedom tower. go ahead and show you this one now. take a look. the spire is what's really cool. the owner is korean airlines. you'll notice the curve shape right of the building on top. that's like half dome. another highlight, led lights that change colors. some people just love it. others not so much. this building right there, it costs $1.2 billion to build. it has lots of office space, restaunts and bars. it opens jy 2nd. >>> 12-year-old boy riding a dirt bike was injured after hitting a pickup truck in santa rosa. it happened this morning on todd road. chp arrested the boy's 56-year-old grandmother for child endangerment. they were on dirt bikes to buy beer. neither dirt bike was legal for street use. >>> if you're familiar with that area, the scene of many past accidents and there's always the danger of fire. the group behind the plain claims there's not enough first he respondsers. >> we have about five hours per week where when

we also got statements from microsoft's chief legal officer, brad smith, hp's meg whitman, and salesforceeo marc benioff, who said, "deeply disappointed by the present's decision to withdraw from the paris -- agreemente out cap facebook, google, and apple did sign a letter in may asking trump to stay in the paris climate agreement. we know tim cook called the president to urge him to remain. joining us now to discuss, colleen regan, and our guest host for the hour and techonomy ceo david kirkpatrick. what does it mean for technology and business leaders who may not have voted for the president, but were prepared to work with him, to desert him now? david: i think they've already deserted the president on most substantive issues. it's not like they are deserting him now. the gap between president trump and silicon valley is a grand canyon at this point. what's more interesting to me is how committed business has become, not just silicon valley, but most big businesses towards climate change remediation. the issue of whether climate change is happening or not is not controversial among most

current quarter ahead of the average analyst estimate, suggesting it is fending off competition from salesforcend oracle. adobe shares are gaining in late training -- trading. if it posted wednesday the current level will mark a record high on the stock. big names in text got at the white house. we hear from code for america's executive director, who attended the meeting alongside apple's tim cook and microsoft's subtenant ella. this is bloomberg. nadella. this is bloomberg. ♪ emily: u.s. treasury secretary steven mnuchin says the top administration will not be set as i'd with 2% economic growth -- satisfied with 2% economic growth, as lawmakers continue negotiation on tax reform. he spoke earlier to bloomberg television. >> i think we have been pretty consistent in saying we are working every week very closely with the house and the senate to have a joint plan when we come out. the idea is to get us all on the same page so when we release the combined plan, it will get past. it will get passed by the house and the senate and the president will sign it. it is our focus to get it done this year.

the effort uber is looking into executives with experience in tech like amy weaver president of salesforce. former yahoo ceo marissa mayer might be under consideration. two prominent women who are said to be on the list facebook coo sheryl sandberg and uber board member arianna huffington have taken their names off the list. >>> looking to cut out the middleman goldman sachs says the world's biggest sportswear maker is close to a deal to sell directly to amazon. nike already sells gear on amazon through third-party dealers. the deal could bring nike up to $500 million in additional revenue. the potential partnership could mean more competition for dick's sporting goods and other brick-and-mortar stores. >>> virtual-reality being used to transport fans into music concerts. live nation teaming up to give fans a front row seat to their favorite band live without having to leave your couch. concerts are broadcast with 10 different cameras on stage behind stage and in the audience all you need is a vr headset and smart phone to download the next app.>> virtual-reality provides us this opportuni

the bay bridge, the "salesforce" tower there in the immediate foreground and way in the distance you can see the cal campus. 60s, 70s and 80s in the area. overnight lows tonight, mid 50s and low 60s. 62 concord. sun up in just before 6 a.m. numbers climbing here's why. the ridge is going to begin to build in strongly. part of the high in the eastern pacific and the one over the desert southwest will finally begin to build in over the state. you can see though that moisture riding over the top of the ridge is at this hour producing light rain up in crescent city. elsewhere no california we're dry and we'll all be warm except at the beach. some fog and low clouds moving in tonight. it won't be bad and that will continue to keep the beaches mild. but it will be a sunny day tomorrow after a few patches of low clouds tomorrow morning. clear into the weekend. clear tonight, patchy fog though, warmer for most tomorrow except along the coast inland heat this weekend. in fact, hot enough it's going to be a heat advisory posted from saturday through monday. with temperatures ranging from the 9

the salesforce tower here in san francisco will be 30 feet shorter than the wilshire. ( jr stone ) stillo come on kron four news: it is a big bash that draws people to the bay area from all over.( justine ) we will take you to the annual pride celebration... and some of the big events that took place tonight. there's a place like no other... where a walk down main street... where a walk down main street... blah blah blah .. hey! the name's rocket and i need your help! the collector has trapped my friends, the guardians of the galaxy in this weird...freakshow... check it out...this is the joint we're in... and we need you to help us break out! got it?...good...now move it!...i gotta go! ...here there is magic for days! (jr stone our big story tonight... pride is in full swing tonight in san francisco. i'm jr stone.(justine) and i'm justine waldman. tens of thousands of people are here to show love trumps hate. kron 4's hermela aregawi shows us the colorful celebrations that are thousands gathered in delores park saturday to celerbate the lgbtq community.the rainbow flags and the love were

you can see the "salesforce tower" which height is 993 feet. no reports of any local airport delays. it's 61 degrees in redwood city. 54 in san francisco. it's cooler this morning due to that influence of the marine layer. windy in the area. 10 to 20 later today. first full day of summer and it is going to feel like it all the way through tomorrow! cooling friday. >> high pressure in the area. up to 109 in fresno, 112 in redding. it's currently 78 in fresno off to a warm start. tri-valley today 104. 105. 106 brentwoo 100 napa. you get the feel of it. 10 degrees above average in san francisco. gorgeous day around the bay. 80s and 90s peninsula. we have an extensive heat warning in effect for the bay area away from the water otherwise an advisory for most of the bay, hot today and tomorrow. you know, someone's backyard will hit 110 degrees tomorrow. then 10 degrees cooler friday. you will feel the difference. seasonal but michelle, that's not until tuesday. so what are you talking about today? >> i'm talking about a lot. >>> first, our tech repor

a lot of these companies, if you go through the letters, marc benioff of salesforce posted one last nightthey seem to have the argument that it's about u.s. competitiveness, u.s. jobs, and having a major role among world nations. by the way, every single nation in the world is in this, we would be joining nicaragua and syria as countries that opted out if the united states pulls out of that. that's what president trump promised. he wants to make u.s. business more competitive and create american jobs. his closer advisors, like the ceo of dow chemical who has been a major backer of president trump since he joined the councils, he has urged him to stay in. >>> wilbur ross says he hopes to complete talks to renegotiate nafta by early january, well before mexico's general election in july. speaking at an event in washington, ross said the trump administration would impose anti-dumping and anti-subsidy charges on mexican sugar and canadian soft wood lumber. the deadline for a mexican sugar deal is june 5th. >>> back to the global markets. in asia overnight, chinese pmi fell short of estimates.

general electric tweeting a short time ago, he's disappointed, mark bennioff of salesforce. >> if thelive branch tore way to step back in off the ledge is to say we want to renegotiate some of the proportionate costs of the deal, it sound a lot like nato. this is a way to not be as aggressive, we want a fair economic deal, which why not fight for that? >> and i think that this whole thing seems to be a political rhetoric coming out of ceos. i think it's kind of cool to say, hey, we don't want to back out of the paris climate accord. when you really look at it, it's not going to cause more pollution. i don't think that's what's going to happen, companies are more fishy than they ever been. i don't think we will push the world into a global freeze. this is not going to happen. so i think everyone needs to take a little bit of a step back and realize that a lot of there is getting lost in the weeds. it's completely political rhetoric. i don't think this whole thing was to be a buy until 2020. so when we just commented on it saying we can't back out until 2020-2021. i think it's a moot po

bay area companies are publicly supporting the paris climate agreement including apple, google, "salesforceand adobe. the president is set to make his announcements at noon our time today. if he withdraws, there would be dismantling many of former president obama's policies to reduce climate change. that could take up to three years. >>> thank you so much. time now 6:33. as we take a live look outside, the picture on your left that's a shot of the traffic in san jose and on the right that's the golden gate bridge. you can see hardly see it this morning. there's a lot of fog out there in san francisco. >> it's such a difference with the two shots though, right? >> just on cue it is the first day of june and we do have "june gloom"! which means along the coast we are going to have a lot of people in sweatshirts for the next 30 days and all the way into july. hi, everybody! good morning. let's take a look at this now. it's our view of sfo. we have delays now on some arriving flights 43 minutes. temperatures we are in the 40s now in santa rosa with clear skies there. otherwise, overcast in san

area companies are also publicly supporting the paris climate agreement including apple, google, "salesforceresident trump is set to make his big announcement at noon our time. and most people that we have heard from close to the situation say that he will pull the country out of that agreement. >> okay. what happens next? >> reporter: it's the beginning of a long process and a lot of that would mean dismantling many of former president obama's policies to reduce climate change. that would all be led by epa administrator scott pruitt. a full formal withdrawal could take up to three years to execute. >>> james comey is expected to testify before a senate committee as early as next week! it will be the first time we hear directly from the fired fbi director on whether president trump pressured him to end the investigation into the trump campaign's possible ties with russia. over in the house, the intelligence committee says it issue subpoenas for two people and their businesses. >>> multiple agencies are investigating a police shooting that left an officer and suspect with injuries. kpix 5's j

benioff has been a leader, he's been at a lot of these meetings in washington about this issue from salesforce these tech companies, can silicon valley, the job creators where people actually want to be pick this up >> absolutely. again, this comes down to what sort of incentives you put in place for that, but there is a real shortage of engineers who are skilled in the kind of programming and development that these companies need and a lot of universities are churning out folks that have different skill sets, so to have the companies themselves say, look, we will put together a training program, we have the best folks in the world, we will teach you to do what we need u you to do, that would be incredibly valuable, not just for the companies themselves but for the country and training people. >> yep we'll take a quick break here. come back to the roosevelt room. e thpridt 'lesenwel sehim on the other side. dow's down 50. don't go away. anything. even a coupe soup. [woman] so beautiful. [man] beautiful just like you. [woman] oh, why thank you. [burke] and we covered it, november sixth, two-tho

but this a chance to buy the salesforce. because this market is going up. those stocks are going up because this is a logjam. if you listen to draghi talk about no growth, you watch what's happening with some people -- we had the dr. woo fella on earlier, talking tab recession in two years, the cloud has to lift or people are going to huddle in the cloud stocks. i'm going for everything today. >> you are. i love i. it's great. >> if we can all agree this will be a sort of low grade fever, right, a long overhang on the agenda, does that change your view of stocks or no? >> no, it does not. it just says that you're going to get more and more people in the funnel -- in the funnel of stocks that have growth regardless of the economy. and that's where people are going to go. periodically you're bog to see -- you're going to see there's a nordstrom where they'll go private and people lift all boats on speculation. then it goes right back to yes, the new 15 that i have. it's no longer faang, because everybody obliterates faang. >> we want to get to that jim is ref

whether you are on a google cloud, salesforce cloud, it is being delivered by employees working in your states. if your client is retailing at some regular retailers where you cyberchances are that security of their companies are being operated at our cyber command center in atlanta. so why are we doing this question mark we are doing this because technology is changing. without getting too technical about it, there is a lot more work and rapid prototyping and rapid applications. hat means you want to be closer closer to the clients. it's a longtime need. just in the last calendar 12 i'll try to do this in u.s. dollars and rupees, -- we were investing $5 million a day. we had net hiring from 14 campuses across north america for computer science graduates. in the next three months, we're going to be entering a turning point where closer to 50% of the north american work force will be -- we are responding to a need. that's a core business need. you're not responding to a political need or a regulatory need. we're responding to a business need. that's where the skills are, that's where pro

we have invested in a salesforce cloud, some other services are in the united states working. if you are retailing chances are the cybersecurity out there are being operated and monitored. and so why are they doing this? they are doing this because the way technology is changing, without getting too technical, what that means is rapid prototyping. that means you want to be closer to the client. you want to be closer to where the solution is coming. it fits our long-term needs. and i think just in the last 10 or 12 months and i try to do this in u.s. dollars. for every business or operating, people are investing $5 billion of gain capital expenditure in north america. we were hiding last year from at least north america. in the next three quarters, the next three months will be a turning point for closer to the workforce in responding to a need. you are not responding to political needs. you're responding to the business needs because that is where projects are. so what innovation is changing in terms of technology. innovation is changing in terms of where it is then right now

put quotes around "extremely" underline it larry ellison did some trash talk at salesforce, and safra katz, who has met with the president, just joy, she is such a hitter it's so great to hear her say, we are at the beginning of our breakout david, this is being rerated right in front ofus from value to growth. it's done with the problems with the incumbency of the numbers dropping off they barely, barely dropped off. i thought the call was pure joy, david, a victory lap callings but it may be the first of a dynasty. i got to tell you -- >> will they play "ode to joy" during the call? >> they should have, yeah. >> let's listen to ellison taking a shot at your man. >> he had to do that he was benioff's mentor. >> last fiscal year we sold more than $2 billion in cloud annually recurring revenue this is the second year in a row that we have sold more cloud a.r.r. than salesforce.com we are well on our way to passing them, becoming number one in the enterprise sas market. >> there it is. >> he has more than just customer relations he has enterprise resource planning so he's right. we had

headway against salesforce, soybean win for oracle. -- so a big win for oracle.amore is an advanced talks to buy the company after it beat out cerberus for staples. over $6 billion in an ldl, if that happened, staples would be more geared toward corporate office material versus consumers. theican airlines -- really interesting story of the morning -- that is up over 5%. qatar air is reportedly interested in buying a 10% stock in the company. they are not going to seek a board seat, but never the less, interested in shares of the company. t. rowe, berkshire some of it all also own 10%. jonathan: great work, alix steel. a conversational traitor around the world, crude down today, down from a three-day skid, 810-month low, with energy stocks tumbling to their lowest level in 14 months. barclays and morgan stanley gave estimates of the sector today. joining us now to discuss is burns mckinney, allianz global andstor portfolio manager, ,- did it change your view burns? burns: we feel they were definitely constructive. a lot of these companies are still able to support

saidbenioff of salesforce he was deeply disappointed by the decision to withdraw. we will double our efforts to fight -- fight crime it change. let's start with you. how you react? it was anticipated that was going to happen. it's a shock to the world. we saw the letters coming from the leaders in france and germany and italy. britain's may could not react to it. it looks like a major mistake. hasn't somebody explained to the president that he is unable to ,mpact a world price of coal oil, or steel. why would that necessarily generate jobs? it's an opportunity for them to change tech knowledge he. the reasoning doesn't make any sense. the world price of oil is set in the world, not by the president of united states. the opposition is unsurprising and probably sensible. david: if the economics dictate what happens, why does it matter? >> in the next 24 months it's not going to make a lot of difference. it does affect the political discourse here. the long-term, these are important issues. in the short run, i don't think it makes a big difference one way or the other