all private data centers, private clouds run on vm ware, and as anton looked at how they would build a bridge, sort of a highway into the cloud, they needed vm ware and every company from maximizing -- there's about 100 million workloads today in the on premise world a smaller number in the public cloud but growing really fast. that 100 million workloads is not going away, and the 30, 40 million the public cloud are growing, growing very fast both of these worlds are going to exist as you think about edge and iot, the world of on premise is going to grow. we think a multicloud world is here to stay, multiserver, multistorage, and edge is here to stay. who is that company that's going to build this de facto bridge to bridge both worlds that's where we enter in with a very special story. >> in some of your notes recently, i've noticed that people talk about the maybe cloud spend had peaked, we're just talking about scratching the surface in the rest of the world. >> we think we're only in the second inning. the private cloud is going to continue to grow in the multicloud world, you're

vm» 7... . .. they include 52 5.7.9}. gag—7.55.55 g; bfflaqfixfi; -.7.ag—7.55.55 g; bfflaqfixfi; -.7. vm» 7... . .. euros in |ey include to airports such as ports and airports such as calais, there are also extra - that will the rectuitmfltr of the recruitmflfi of an extra be for the recruitment otan extla customs staff, including 600 customs staff, including veterinary officers and other officials who will be appointed to inspect incoming lorries and other traffic. the plans also aimed to make sure the rights of french citizens currently living in the uk are citizens currently living in the uk a re protected citizens currently living in the uk are protected in return for the rights of british citizens living in france, work is also under way to ensure that the french fishing industry is protected, and the french prime minister wanted to make sure that the threats to trade, security and employment are minimised but it has to be said that the announcement today of the 50 million euros figure is just a headline figure and infinitely more will be spent in the mon

ware i know there is guys at nutanix, they hate vm ware.e slagging. vm ware is winners >> tesla, three month low this morning as rbc cuts it to underweight. 245 target basically saying they'rerealistg and workforce and that's going to bring negative revisions. >> a lot of the bears have been saying to me, jim, how can you not go out there and just bash the heck out of it i think the answer is because i've been doing all this stuff about innovation and it keeps coming out amazon number one, tesla number two. i think tesla is overvalued. but the faith people have in tesla is just unmitigated. unmitigated. >> they argue that about a third of the price is an elon premium. if you take a 15 multiple, average asp, 55 grand of cars and that's assuming no capital. >> look, i think that that is the premium. when you go -- london, they have tesla rounds, where they get together and drive their teslas. that's the kind of thing that -- you don't see a lot of people going around with a chevy truck, doing it, right, doing a rally chevy truck rally. >> goo

and vm ware remains fabulous, with sales up more than 15%.t to tell you, it's worth noting that the pc business declined in the fourth quarter worldwide the new dell technologies isn't quite finished knitting itself into a single integrated business that's good for you. as the process goes on, the company has an opportunity to improve its gross margins. now, the best bearish argument, man, what a balance sheet. hideous. they boarrrowed to go private, n even more to go public now, a lot of it doesn't come due for five years, so there's some real refinancing, but maybe we shouldn't be that concerned but i don't like that much debt. but we may be near the end of the technology investing cycle i think the spend is far more secular, meaning it's going to go like this, than cyclical like this we have had several years of elevated technology spending, especially from corporate customers. that spending got a major boost last year from the taste cut but now we have annualized tax reform so investors may be less willing to shell out large sums of money

we will bring you the latest tonight on the 10:00 vm news. good night. miss the grand opening of the new floor & decor in burlingame. if you have never been to a floor & decor, you have to go to the grand opening. hardwoods, laminates, tile or stone. holy smokes, this place is huge! i'm on a budget and i was able to go to floor & decor and save a lot of money. you will be blown away by this experience. the pros come here, i come here. if you love your wallet, and you love your home, you have to go. floor & decor. now open in burlingame, 101 & broadway in the old gokart racer building. claire: kids! breakfast! kids? oh. phil, would you get them? yeah. just a sec. kids! that is so -- okay. kids?! get down here! why are you guys yelling at us when we're way upstairs? just text me. all right, that's not gonna happen. and, wow, you're not wearing that outfit. what's wrong with it? honey, do you have anything to say to your daughter about her skirt? sorry. oh, yeah, that looks really cute, sweetheart. thanks. no, it's way too short. people know you're a girl.

>> we were talking earlier about web services microsoft vm ware, a special dividend so you may not think's the best of the cloud kings. >> the best of the cloud >> a lot of it is just because they are your solution you need someone to help you get on web services. wow, they do it. john >> paypal. they've been upgraded by a host of firms right as all the stuff was hitting in december. now i think they go a lot higher. >> you can buy a new fan buying paypal, the good news. >> morgan stanley. it gets forgotten about when we talk about the various banks it seems like it gets pushed to the side this is a name i own the calls in it might trade down but i think it rises back up eventually. >> i think gorman blows it away. >> thank you very much -- >> where are you going >> nap time. >> why are we wrapping >> "the exchange" with kelly evans begins now. >>> the administration and jamie diamond sounding the alarm on the cost of the shutdown to the economy. we have the numbers. netflix raising prices and the street is cheering big time. the stock is now up more than 50% from its december lows and a

. >> reporter: a fequent scene, yellow tape and police lights ct leaving vms dead or fighting for their lives. that's how 2018 ended and 2019 began. a teen shot on barnabyt. southw shots rang out hire onennedy northwes an innocentbystander shot in the heed. the chief says a group of people wererguing whe a person took out a gun and opened fire, hitting an intentbystander. >> i don't want to leave the impression it happened but i want to illustrate how it is to use a firearm. >> reporter: 160 murders in the district last year, up from 116 the year before. as theayor was sworn in, she reflected onnnocent victims on the spike in murders like this 20-yearld, killed in a hail of gunfire as she went out b to ice cream and wendy martez stabbed while running. >> the worst call you can get is wh a young person died on our streets. worse when they are killed as an intent child. >> reporter: the victim in the kennedy street shooting is listed in critical condition. mark segraves, news 4. >>> students returning to north point high schoolor the first time today after one of their classmates was kill

>> sanjay poonen vm ware, one of the greatest stocks now separated from dell that's my number one cloudt dell is vm ware most people say given how much they own of it. >> no disagree >> "mad moy"ne 6:00 p.m. when we come back, more on the netflix price hike in a minute opportunities firsthand. like a biotech firm that engineers a patient's own cells to fight cancer. this is strategic investing. because your investments deserve the full story. t. rowe price. invest with confidence. onmillionth order.r. ♪ there goes our first big order. ♪ 44, 45, 46... how many of these did they order? ooh, that's hot. ♪ you know, we could sell these. nah. ♪ we don't bake. ♪ opportunity. what we deliver by delivering. ♪ >>> good tuesday morning welcome back to "squawk on the street." i'm carl quintanilla with sarah eisen and david. the nasdaq up almost more than 1% on this netflix price hike. obviously the banks to watch and macro data as well. >> our road map for the hour starts with the big banks getting bashed jpmorgan chase, wells fargo, both out with results this morning. we'll tell you what has thos

. >> will you commit to assuring that special counsel mueller vm is not terminated without good cause, consistent with department regulations? >> absolutely. >> will you provide mueller's report to congress, not your rewrite or summary? >> my objective and goal is to get as much as i can of the information to congress and 9 publi the public. i don't know at the end of the day what will be releasable. >> barr did say he that he won't fire mueller, saying it will take something egregious saying he knows what type of investigator mueller is but in one issue that could rankle democr democrats barr was asked ask a sitting president be indicted. >> for 40 years, the view of the executive branch is you can't indict a sitting president. >> i'm asking you what your view is right now. >> i actually haven't read those opinions in a long time but i see no reason to change them. >> now, barr was also asked several questions about presidential pardons. while he did say it is within the president's power to pardon individuals, he stressed it is also possible that the president can abuse his power by

regulatory body in china talked about the fact that would be a good thing for the chinese economy all vm i think were very positive about at the long-term growth prospects for china, interesting to hear comments from u.s. perspective, joe as we are in middle, of course, of a trade war with chinese, still unabated. >> well i thought the interesting comment was that the trade bars blessing in disguise for china forcing china more fetch force china to open markets, so financial assets need to flow in and out of china, would be a positive for both u.s. economy and chinese economy, that is contingent on settling trade disputes interesting concept china transferring some financial risk into rest of the world so rest of the world gets not only growth from china but also starts to assume the risk parity with it. >> we saw michael comments particularly from ray dalio about central banks strains impact of central banks around the world he said he expects central banks to need to easy monetary policy would years' time what did you make of that. >> what i think, that bridge water rdalio don't have c

we're going to be the world leader in vms, minerals and supplements with brands like centrum or e-mercen-cands like tums, a great u.s. brand. the list goes on it also gives us a top one or two position in ten out of the 15 biggest markets in the world both including u.s. and china. what's great about this deal, jim, is not just what it does for our consumer business. it's the value it also creates for our pharma business, our number one priority. we get those extra cash flows over the next few years as we invest in our pipeline of new drugs, including those from the latest acquisition we announced also in december also, then at the point of separation of these two companies where we have two focused companies, one a world leader in consumer health care, and one in vaccines and dpaphara and with the right debt levels to be for both of those to invest in future growth. >> i want to bring in daniel, portfolio manager at polar capital partners, to weigh in on this pharma conversation now, we've seen a number of large deals in pharma over the last month a lot of them large pharma companies look