company and now it's been snuffed up by salesforce for $27.7 billion in just a few minutes stuart butterfieldke you inside the megadeal and hill revealed what a butterfield team plans to do. in the meantime and energy stocks are big winners, lauren simonetti to drill down on one name. >> happy friday, were talking about chevron pushing its way to the dow 30 leaderboard and a cutback in capital spending plan for 2021 and an agreement by opec's to keep supply curves in place january fueling shares of 3% as we head into the close, curb on a getting the dreamlike as the initiate shares an analyst predicting a potential 100% gain for the stock as market share gains continue at current historic paces, look at the stock up five and three quarters percent, not looking so pretty, shares falling after the retailer reported slower online sales and comparable sales could see a drop off in the holiday quarter, also cautioning that crushers could spill over into fiscal 2021, up next lacks cofounder and ceo stuart butterfield joining forces with mark benioff, he joins "the claman countdown" fresh off the hu

emily: that was slack ceo stuart butterfield.next, i work from home breakout star, up 500% from last year, but not without controversy. our conversation with the ceo is next. ♪ emily: weddings, funerals, school, work, if it wasn't canceled, it often happened on zoom. the videoconferencing company has kept families connected, but it was undermined by glaring security issues. ceo eric yuan spoke with us about how the company turned a corner. eric: it is beautiful serving enterprise business customers before this crisis. and we learned for the first time from consumers that we could do more, not only offer this service but also give them very strict security tools. we took action over. the past several weeks emily: i want to get -- past several weeks. emily: i want to get a sense of what it is like when you go from a few million two 100 million users in a few weeks. what is that like, not just for the customers, but weddings and funerals, schools, families, last night celebrating passover. eric: we have been working extremely hard f

really exciting. >> congratulations, i hope to have stuart butterfield on soon. he deserves to have his day in court. it's not over. this does not cure what they were doing >> it only accelerating all our work we are here to rearchitect the industry and make customers successful like never before and give them the horsepower they need in sales, service, marketing, their communications, their collaborations and this combination of slack and salesforce does just that. >> marc benioff. after a good quarter and giant acquisition, biggest ever, "mad money" is back after a break this is the new iphone 12 pro with 5g! and it's on at&t, the fastest nationwide 5g network. now, new and existing customers can get our best deal. really?! mom! at&t has the deal for new and existing customers! i will. so what'd she say? wrong person. it's a guy named carl. but he's very excited and on his way. word-of-mouth advertising. it's what they did before commercials. it's not complicated. everyone gets our best deal, like the amazing iphone 12 mini on us. >>> with the dow and nasdaq tu

stuart butterfield has a big personality. he's always on social media sounding off. ris: that's a good question. i feel it can work. stuart has always been flexible. the whole slack story, it feels they have always been flexible and focused on continuing to build a more valuable company, and mark has obviously proven they can make even large acquisitions like tableau, which was $15.7 billion, i believe, very successful. that was a well-established company, and it seems some of these others like velocity are going to continue to grow, and a lot of those leaders are helping to grow, and i think they will find a way to make it work. emily: interesting to hear your perspective, especially about your time at google. thanks for stopping by. we will be talking about this throughout the show. coming up, diversity in the boardroom. one of wall street's biggest names rewriting the rules. next. this is bloomberg. ♪ emily: nasdaq is joining goldman sachs in an aggressive push for more diverse board for companies that want to list on its exchange. under its proposal, most firms wo

stuart? >> butterfield. >> that was a company. >> yes. >> that does it for us "the exchange" is next >> thankt. hi, everybody. welcome to "the exchange" today. here's what's ahead. fund managers are underweight cash for the first time since 2013, and bank of america says that's triggering their sell signal we'll look to history to see whether you should follow their advise. >> plus as we close out a tough year we speak with burger king and restaurant brand's international ceo. is congress doing enough to help we'll ask. >>> and strict limits on shippers 30% of

stuart? >> butterfield. >> that was a company. >> yes. >> that does it for us "the exchange" is next >> thank you, scott. hi, everybody. welcome to "the exchange" today. here's what's ahead. fund managers are underweight cash for the first time since 2013, and bank of america says that's triggering their sell signal we'll look to history to see whether you should follow their advise. >> plus as we close out a tough year we speak with burger king and restaurant brand's international ceo. is congress doing enough to help we'll ask. >>> and strict limits on shippers 30% of car phones and nirvana and georgia on everybody's minds. >> stocks are holding on to gains right now. session highs to start the hour, the dow notching another record hoy and that said we should take into acourt all three averages are still negative over the past week one big gainer today is apple, up more than 4% on the heels of a report that's planning a 30% year-over-year increase in iphone production during the first half of next year. also, we should point out the year-to-date performance of the stock just had a big run,

. >> i got that locked up, david maybe i'll give you stuart butterfield tomorrow, maybe not. >> yeah,ell we'll see when we get the deal after the close today. >> you know, carl, it's part of an annex that i've got you know it's time to go >> you've been crushing it this week, jim. dell, s&p, benioff see you at 6:00, "mad money" with jim cramer 6:00 p.m. eastern time welcome to "squawk on the street." i'm carl quintanilla with david faber and sara eisen the treasury secretary set to testify in moments we'll take you there as q&a begins ism manufacturing in the meantime, construction spending, let's get to rick santelli >> yes, our november read on ism, well, it comes in a smidge light, 57.5. we're expecting 58 let's go through it quickly. this is the sixth number in expansion mode, meaning above 50, and of course, it's the highest since last month which stands unrevised at 59.3 new orders, 65.1, that's down from 67.9, in prices paid. well, it's basically a lateral move from 65.5 to 65.4 seems like inflation's left the conversation, at least for the moment and finally, ism employment es