25 Burst results for "Benioff"
A highlight from Biden's Katrina Moment
"Hey everybody's and the Charlie Kirk show what's going on in Maui we examine this from every possible angle. We're missing something We're not getting the full truth. We try to figure out what it is. It's terrible. What's happening and the slow Lackluster response it's been really telling Become a member members dot Charlie Kirk dot -com. That's members dot Charlie Kirk dot -com as always You can email us freedom at Charlie Kirk dot -com and subscribe to our podcast Text your friends to subscribe and get involved a turning point USA at TP USA dot -com that is TP USA comm starting high school or college chapter today at TP USA comm that is TP USA comm sort of high school or college chapter today at TP USA Comm buckle up everybody here we go Charlie. What you've done is incredible here Charlie Kirk is on the college campus I want you to know we are lucky to have Charlie Kirk Charlie Kirk's run in the White House folks I Want to thank Charlie's an incredible guy his spirit his love of this country He's done an amazing job building one of the most powerful youth organizations ever created turning point USA We will not embrace the ideas that have destroyed countries destroyed lives And we are gonna fight for freedom on campuses across the country. That's why we are here I Brought to you by the loan experts. I trust Andrew and Todd at Sierra Pacific mortgage at Andrew and Todd comm We say America first often on this program, what does that mean? That means that our concerns should be prioritized by our leaders full stop We reject the anthem of neoliberalism of caring about other countries problems while our own country burns Interestingly I have used that sentence quite often our own country is burning our country is burning our country is burning Well literally our country has been burning the last week the beautiful island of Maui One of the the jewels of America It's burning now how the fire started we're gonna speculate. I don't think it's that actually that helpful At this point it might have been arson it was probably human involvement 85 % of massive fires are Human caused was it somebody that was trying to start the fire or not We'll find out as time goes on But what's interesting is that the reaction to the fire has been awfully perplexing. We were told it was no big deal We're showing some of the b -roll right now on screen. This looks like this looks like Pearl Harbor, and I'm not making a joke That looks like Pearl Harbor people in the water it looks like something out of a dystopian apocalypse film and It got worse this weekend as all of a sudden the quote -unquote metaphorical and literal dust settled we realized that the entire southwestern part of the island of Maui Basically looks like Dresden This is catastrophic damage Unfathomable Death toll we don't even know I mean we they're speculating a couple dozen people dead, but no no no It's gonna be a lot more than that. They're saying a thousand people are missing It's beyond comprehension So first let's just be very clear We need to be in an active mode of helping any way we possibly can our fellow Americans These are our fellow Americans, and I'll be honest I've not seen much about FEMA or federal response, and I have a theory about this And it's not it's not a theory that's going to make anybody feel good. I have not seen this massive federal action There are already 96 people confirmed dead Now Maui is home to a lot of different people the oligarchs of our society Jeff Bezos Oprah Winfrey Jimmy Buffett Marc Benioff from Salesforce Howard Schultz from Starbucks Now let me be very clear. There's a lot of People are saying Oh Oprah started the fire Oprah did not start the fire, okay? Just people didn't email me. I think Oprah started the fire. I don't think she started the fire. I'm not a fan of Oprah however if Oprah's property would have been burning I guarantee you the federal response would have been way swifter That I can guarantee you but putting that aside the The tragedy is real, but let's go back to one of our favorite questions that we ask on this program It's an old Latin phrase and it offers clarity We bono who benefits and That's a really sick question isn't it because no one should benefit from Fires that destroy entire islands there should be no beneficiary of Scorched earth, but if you remember tiny dancer Rahm Emanuel Former chief of staff to Barack Hussein Obama who became mayor of Chicago He famously said you can never let any crisis go to waste the response to this fire feels as if it's been slow motion and it reminds me of Dancing in the streets Hugging people saying it was racist to even call that you know the Chinese New Year remember Nancy Pelosi and we went from 0 to 100 on kovat not a big deal to this is the biggest deal Almost allowing it to spread on the homeland so far Remember when Donald Trump stopped travel to China.
"benioff" Discussed on Techmeme Ride Home
"With technology that can write an answer to a question based on information already stored in Salesforce. Agents can edit the automatically generated response or hit the send button. Salesforce has taken various steps to keep Einstein GPT capabilities from misinforming people. In addition to the involvement of the human agent, the company has narrowed the field of data that can influence the answer. Both Salesforce and Microsoft are showing off services that can write marketing emails. Microsoft calls the new AI parts of its dynamics applications, co-pilot. It's not autopilot, said Charles lamana, a corporate vice president at Microsoft. It gives me options, but I am the editor. I choose the option that goes into the campaign end quote. Salesforce is taking a similar tech. And it's also touting a new chat GPT app for slack that can display information derived from Salesforce. OpenAI built the app and has been using it for the past few months. A spokesperson said during a Monday media briefing, people can sign up to join a wait list for the slack app, a Salesforce spokesperson said Salesforce CEO Mark benioff is in on the hype. He mentioned AI 14 times on the company's earnings call last week. In combination with our data cloud and deeply integrated with customer 360, including Tableau, mule soft and slack, Einstein, GPT, will open the door to the next level of intelligence and drive digital transformations in our new AI world, benioff said in a statement about the new offering. Clara she, CEO of Salesforce's service cloud business, said in an interview, Salesforce started working with OpenAI's language models over a year ago, but the excitement in the space sped up the timeline for giving early access of the new features to customers.
"benioff" Discussed on Bloomberg Radio New York
"Company's next generation of electric cars must did, however, tap Tesla's leadership in artificial intelligence. So as we solve real world AI, I don't think there's any, I don't think there's anyone even close to Tesla on solving real world AI. Elon Musk did confirm a new plant in Mexico will build Tesla's next generation of vehicles, but he didn't offer details on timing. Well, the decline in Tesla shares not helping market sentiment this morning Nathan's stocks are lower around the world and yields on ten year treasuries are above 4% for the first time since November, more central bankers like Minneapolis spent president Neil kashkari are hammering home the message that rates will keep going up. I'm open minded at this point about whether it's 25 or 50 basis points. To me much what's much more important than whether it's 25 or 50 is what we signal in what's called the dot plot. And kashkari and the fed raise rates by 25 basis points at their last meeting, markets are currently pricing in three more hikes of that size. Another note on central banks this morning, Karen brings us to the Federal Reserve bank of Chicago. It turns out the search firm had hired to find a new president includes the wife of Austin goolsby among its executives, schools B was ultimately picked for the role he took over leadership of the bank in January and is now a voting member of the fed, the Chicago fed spokesperson says, quote, we have every confidence in the integrity of the search process. In Europe, Nathan looks like rates will continue to go up, ECB president Christine Lagarde told a Spanish TV show that interest rate increases may need to continue beyond a planned half point move two weeks from now. Lagarde said policymakers will do everything to return inflation to their 2% target. And following those comments, Karen, we're getting fresh inflation data out of the EU crossing the Bloomberg just moments ago, Euro area inflation rose last month, consumer prices were up 8 and a half percent compared to an estimate of 8.3%. While staying in Europe, we're taking a close look at Credit Suisse this morning, we're learning the bank is escalating efforts to win back clients and we get the story live with Bloomberg's UN pots in London. Good morning Ewan. Damon counter Nathan, if you've got 5 million bucks to the deposit, then Credit Suisse wants your business after unprecedented outflows in the latest quarter Bloomberg has learned the Swiss bank has raised three month rates in Asia to as much as about 6 and a half percent for new money. That's close to a hundred basis points more than it was offering in December. It's also higher the rivals, including UBS JPMorgan and Citigroup, a clear sign Credit Suisse wants to rebuild assets in the region. In London, I'm you and Potts being big daybreak. All right, you and thank you, back here in the U.S., shares of Salesforce are up nearly 15%. That's after an upbeat forecast for the coming year, we caught up with chairman and CEO Mark benioff. As we really focus on our performance on our profitability on the reprioritization back to being a core CRM company, it was really time to put the M and a committee on ice and just mitigate what we've been doing with M and a and just focus more on our core. Mark benioff's also praising activist investors for piling into Salesforce, the CEOs enjoying a victory lap with these strong results after those very same investors pushed for changes at Salesforce over the past few months. Well, we've also been speaking with the CEO of Chevron Nathan, Mike worth says rising Chinese oil demand and dwindling spare capacity around the world may push crude prices higher this year. All the leading indicators would suggest that economic activity is picking up energy demand is picking up and I think as we get into the middle of this year and certainly into the second half of this year, that demand is likely to tighten markets a little bit. Chevron's CEO Mike worth says China's reopening will provide steady demand growth through the year and checking oil right now, nymex crude oil is up half percent or 37 cents at $78 6 cents a barrel, Brent is up for a tenth of a percent at $84 64 cents. Now we've been speaking with the CEO of coinbase global, Brian Armstrong is pushing back at SEC efforts to regulate the crypto exchanges so called staking product. When coinbase's case are staking product is not a security, there's many differences. I mean, customers never turn over their assets to coinbase, for instance, they're always in the customer's possession. And we're really just providing a service that passes through those coins to help them participate in staking, which is a decentralized protocol. Brian Armstrong says coinbase received investigative subpoenas from the SEC about staking, it works by letting users generate yields in return for using their tokens to facilitate blockchain transactions. While staying in the crypto world now, Nathan, there are concerns of another crypto firm collab, shares of silvergate capital are plunging on news its delaying its annual report because the details live with Bloomberg Steve rapaport, Steve good morning. Good morning, Karen and Nathan, silver stock sank as much as 32% in pre market trading after the firm said it's studying its status as a growing concern. Silvergate says the delay is necessary to review financial controls and to assess the damage from the collapse of FTX, many silvergate customers pulled out after FTX went belly up late last year. The company already reported a $1 billion loss for the fourth quarter and warned that number could climb higher, live in New York, I'm Steve rappaport, Bloomberg daybreak. Okay, Steve, thank you futures removing lower this morning, straight ahead, your latest local news, plus a check of sports, this is Bloomberg. It's 40° in New York. It's going to be sunny this afternoon, breezy, and milder with a high near 60 clouds build in tonight. We'll get down
"benioff" Discussed on Bloomberg Radio New York
"For the coming year while promising to step up stock buybacks. The software giant said operating margin will be about 27% in fiscal 2024, analysts were estimating 22.4%. The outlook suggests that profitability is now a top priority for Salesforce. We heard earlier from Salesforce CEO Mark benioff. We have made changes to our company to reflect the current market conditions, you know, make sure that not only would continue to have great performance in the company as you can see from this quarter, but though it really reflects where the market is today, which is a more measured by an environment and it certainly overall economic condition that we're in right now, but Salesforce continues to deliver the numbers as you can see. Shareholders have pushed Salesforce to cut costs following a half decade of aggressive hiring and large acquisitions. The company said much of its current savings have come from a restructuring, which was announced in January, beating off also said that Salesforce had fully disbanded its M and a committees, and sales for shares rose as much as 16% in late trading. Well, the parade of positive data we have seen coming out of China may soon run into a bit of a challenge. Citigroup pointing out that companies are shifting their supply chains out of the country more from Bloomberg's Denise Pellegrini. This shift away from China started during the pandemic, but was intensified by the war in Ukraine. According to David livingstone, chief executive officer for Europe, the Middle East and Africa at the lender. That will be a multiyear decadal type trend. And we're seeing places like Mexico like Vietnam, others benefiting very significantly. And that's something which we can assist with wherever our clients go. And livingstone also tells us the expanding trade conflict between the U.S. and China has the electronics industry looking for other options. Denise Pellegrini Bloomberg daybreak Asia. Tesla has wrapped up its very much anticipated invested in Texas, the four hour long presentation was long on CEO Elon Musk's vision to lead the world to sustainable energy. Short on any details of new products, though, and we saw shares declining after ours and as a result of that. CEO must confirm that Tesla will build its next auto plant in Mexico. He said Mexico will build the next generation of vehicles, but again, no details on timing. Tesla also confirmed that his broken ground on a lithium refining plant in Corpus Christi, Texas. 32 passed the hour, let's update global news. The tensions between Taiwan and China are rising on a couple of fronts at Baxter here with more from the Bloomberg newsroom in San Francisco. Yeah, let's go number one. Taiwan is reported a large scale incursion of Chinese air force into its air defense zone, the straight time says Taiwan has spotted 21 aircraft in the past 24 hours, did scramble some of its fighter jets as well. And just breaking in the past few minutes, the U.S. has approved a potential military sale with Taiwan $619 million. It appears to be the sale of F-16 munitions and related equipment China is sure to not like that. NATO secretary general Jens Stoltenberg says the alliance agrees long-term Ukraine will become a member. The terminology he uses is long term. He says, member countries agree, but then in the interim. We need to strengthen the military capabilities of Ukraine, but also look for frameworks that can ensure that president Putin Russia doesn't invade Ukraine yet another time. Says he didn't have a timeline, but that it would happen. Chinese president Xi Jinping is welcomed Belarusian leader Alexander Lukashenko close Russia ally, these talks are being watched closely to see if there's an expansion of China, Russian coordination. U.S. Secretary of State Antony Blinken says he will not meet with his counterparts at the G 20. He says he may sit on panels with them, but will not meet. Eli Lilly has announced a series of price cuts that will lower price of most commonly used forms of its insulin by 70%, says it will cap out of pocket costs at $35 or less per month. President Joe Biden has been campaigning for this. These
"benioff" Discussed on Bloomberg Radio New York
"We're executing these great numbers is we are using oracle's margin playbook. He has been mentoring me just as he has for 40 years on how to deliver great performance. I couldn't be more grateful to him. And his entire team as well. They're a great partners of Salesforce. They always have been. He is, and you know, whether he's my partner, my whether he's my boss, whether he's my mentor, number one, he's my friend. Now, still, when you look at the numbers, this could be the slowest year of growth for Salesforce ever, and you have been at this a long time. How do you think about getting growth back? How do you feel about what we just heard from Elliott that they're liking so far? What you see? Well, who doesn't mind what they see? We just delivered a 17%. Growth number and we're delivering more than 10% growth this year plus extraordinary margin growth. That is, we delivered over four points of margin this year and four and a half points of margin are projected for next year. There's a lot to love there and the cash flow is just extraordinary. All while delivering record low attrition, which speaks to our customer success and our innovation. So there's a lot to love in these numbers and all of our shareholders are obviously pleased today with what is going on. I am is certainly as one of our largest shareholders myself. And I think that's the most important thing that we did it, not just great performance, with great values, core values, and by not sacrificing who we are to make this happen. All right, well, we will keep watching Mark benioff Salesforce chair and CEO. Thanks for taking the time after the call today. We always great being with you. Emily, hello, ha Mark benioff there in conversation with Bloomberg's Emily Chang, Mark, of course, the chairman and CEO of Salesforce, which after the bell delivered an upbeat forecast, stock is up more than 15% in late U.S. trading. That takes us to the market action, let's get to Hong Kong, Brian Curtis there, Brian. Yeah
"benioff" Discussed on Bloomberg Radio New York
"Off 10,000 workers right now Microsoft shares are higher by about a quarter of 1% in early market trading. That is a Bloomberg business flash, Tom and Paul. Did you see a Nathan nailed that? Just rips it. He just ripped it. It's not his first date from what I understand. He explained to Anthony from Sparta. Maybe we ought to do GPT on top. Yeah. Just make me really expendable. Yeah. Who needs it? They can write your research papers. Well, they're doing that. They pass in the past national medical boards. And I think somebody said they'd pass level one CFA. They're going to play basketball for two pretty soon. Exactly. Exactly. We're going to rip up the script. Adira with us now. Expert on the cloud basically the entero touch at Bloomberg intelligence is what everybody calmed down and then these innovations come out in the headline as Nathan Hager said Microsoft to invest 10 billion. And OpenAI over multiple years. And Iraq Rana is chat GPT, is it the new nanotechnology or is it got some legs? All right, that's got some legs. And the question is, how do you use it? Now for us, it's not just about Chad GPT and the search that you get from it. But it is the algorithms that are running behind it because for Microsoft, it can substantially improve its entire product stack, whether that's search or office or GitHub, you name it. And it can also drive their cloud business Azure because the product runs on cloud. And this is something you can't really run on very older computers. So the more people use it, the more processing power Microsoft generates. Can they police the burgeoning panic over, for instance, chat GPT, helping with me with my organic chemistry exam a few years ago. Can they have the good of it and get rid of the challenges that are out there? But at the end of the day, that would be for the users or the university to decide Microsoft is just giving you the tools to do something around it. So I don't think they're going to get involved with that stuff. Well, I should have had that. We thought we had it with cliff notes down, but you can do chat GPT or whatever it's called. Then you're going to the driver's seat. All right, let's switch gears here on a Salesforce.com CRM is the ticker. It's a good ticker. Elliott management, taking a big chunk of the investment in this company. They want some change here. What kind of change do you think Elliott management and some other activist investors are thinking about for CRM? Yeah, so I think there will be three or four main areas. One would really be buybacks. This is a company over the last I would say 5 years has spent quite a bit of money on making very large acquisitions. And it hasn't, I mean, it's done some good work for them. But frankly, I think at this point, given the focus of profitability for the entire street, I think they'd be better off buying back their shares at these levels. So that would be one area. Organic growth would be other. And the third big one would be expenses. This company spends way more on sales and marketing than any other software company decides we think that gets truncated over the next few years. How about management changes? I mean, mister Benny is Salesforce in my mind and I think a lot of investors minds as well, but it's his position secure I think it may be an area where they'll have to make that adjustment. And only end not because Marx has been amazing. I mean, I'm just finishing his book. Again, a second time. He has done an incredible thing for the software industry ever since he started. But frankly speaking, if you see three of the very, very strong leaders that he has had, his number two have left over the last few years. And in fact, two of them just in November. So I think there has to be some leadership change there, but trying to be speaking, that may not be a bad thing for the stock or mister benioff himself, because when Steve Ballmer left Microsoft in a similar situation in 2013, look what the stock's done since then. I mean, this is a company with a phenomenal product. It's just a matter of execution at this point. Is there a mystery here? Why did they leave? No, the question is, again, I don't know this for sure, but if you look at press reports, this is not the person who is just likes to run things his way. He's the founder. He is mister software. He's the founder. He's a tycoon. And it's my way or the highway, right? Exactly, exactly. Yeah. So I mean, this is not Iger at Disney. What do they do? Yeah, but at the same time, you know, unlike Oracle where, you know, or any of the large company where you have a very massive stake owned by the founder. I think his economic interest is only 3% or something like that. It's not big. But frankly speaking, it's good for him too. If Salesforce talks, let's say, over the next few years goes up quite a bit. You know, it's in his best interest and it's his philanthropic interest. And he's not, you know, he's young, but he's not as young as let's say somebody like Elon. So I'm sure he won't mind if they can bring somebody out from our side and do things in a slightly different way. All right, another issue I want to get with you on our since we've got you on top and I see non farm payroll numbers when we see jobs claims numbers coming
"benioff" Discussed on Bloomberg Radio New York
"Volatility was alive last year, and it's still alive in the first few trading days of this year. Overall, I think investors will be rethinking portfolio locations very significantly this year. I do think earnings will be under pressure. We forget how cyclical some of these tech stocks are. We're going to get a nasty earnings recession. And so the companies that can deliver on the cost efficiency are the ones that are going to continue to perform. The biggest issue for equities right now is what's going on in the bond market. This is Bloomberg surveillance with Tom Keene, Jonathan farrow, and Lisa Abramovich. Good morning, everyone, Jonathan Farrah, Lisa bramlett's in Tom keen on radio on television into the jobs report of tomorrow in 30 minutes, 29 minutes, the claims report a first look at the pulse of the labor economy here. Looking out into 2023, John, I'm going to look at wages tomorrow, but we've got claims today. The official data says the labor market is still tight, so that in job openings yesterday, we're told there's 1.7 jobs open for every unemployed American. And then you've got the layoffs just mounting from company to company. The last 24 hours, Mark benioff Salesforce. I've revenue accelerated through the pandemic. We hired too many people. We hired too many people. You're effectively hearing the same thing from Andy jassy over Amazon and the question I think many people are asking this morning looking at that name. Right. It's 18,000 going to get it done at Amazon if they really want to address the cost structure of that company. 1.544 million jobs, I believe at Amazon. They bring it down by 18,000. Think of all those small businesses at Amazon, are they feeling the same angst as benioff at Salesforce? And when does this start to add up so that we see it in the official data? Because we're still looking for work tomorrow. The texture works. We're looking for 200,000 on payrolls tomorrow. You mentioned wages, still in and around 5%, unemployment could be threatening to drop to three and a half percent. And now we turn our attention to bremo going full cash carry. She drives in here. Talking yesterday about 5.4, everybody calmed down some pushback on that, but all of this is hinged off the labor path John mentions. So I'll go full kashkari and actually make his argument because I think that there is a lot of support, especially given what we're seeing in the tech world. It is only to 18,000 and perhaps it's to shore up margins not to necessarily save a business model for a highly profitable company. We have a strong economy still. The labor market seems to show that you can pick your data point and create your narrative around it. But if you have a strong economy, then what's going to stop the fed from going further than the market currently is pricing in. And when do we get the ramifications? Just the two of you, John, start off with you. I believe Lisa said in the summary of 7 and 6 bullards speaks today. His bullard gonna go anti kashkari and say we got to reach out where Ben emmons is. Nothing moves till 7%. I don't know what he's going to say specifically, but I think overwhelmingly the committee is still worried about a repeat of the 1970s. And that's why I'd pick up on what kashkari said in that blog from yesterday, Lisa, that's what stood out for me. Their condition by history. And basically I think for many people watching this listening to it right now, I think they're off the opinion that this fed is committed to being late and that perhaps they've done too much already. And Tom, they won't know. They won't know the answer to their own question. They've got two risks right now that they want to manage. One is under tightening, the other one is over timing. They won't find out until it's too late. Right. End of story. This insight is too important. It comes from Deborah Cunningham, a Federated arm has a lot of people disagree with her, at least let me start with you. She says the bond market goes nowhere this year. Cash is king and we will not get price up yield down. Reveal a farouki also saying the collision course between the fed and the bond market going to create more volatility at a time when a lot of people are betting for yields to go lower. How does the bond market respond to a fed that wants to signal hawkishness regardless of what the intention is, that's what they want to signal because they want financial conditions to tighten much more considerably. John, December 28th, I think, is the peak here 3.88% in the ten year yield, I guess it's priced down a price up yield down 3.70% right now in the ten year. So in the ten year, we got to about four 30. I think on a two year at one point we were threatening to break four 80. That was a couple of months ago on a two year yield. So we've certainly adjusted. The issue many people have told me, even if they believe that the terminal rate is 5, they just think that soon after, you don't stay there very long, and you deliver rate cuts. And I think this goes to Lisa's point. There's a difference between what this fed wants to signal right now. And what people think this fed will do, which is hiking to trouble and ultimately need to cut. Yeah, again, I think it's a parliament. Let's do a quick data check. John, I'm going to go where we haven't gone, which is two ten spread negative 70 basis points that bears watching because nobody's watching them. Equity market right now is a snooze. S&P 500 features going absolutely. You had some price action in the last couple of days in both the bond market and in the commodity market. So previous two days, ten year yield down about 18 basis points. Your tenure this morning, 360 nine, 94, rubber basis. So previous two days on crude down 9% plus trying to bounce back this morning by about 2% times 74 30 on WTI. The 2023 calculus is varied to say the least. We get a brief from Daniel Morse chief market strategist BNP Paribas asset management. Daniel, let me cut to the chase, which is BMP Perry by has always had a wonderful conservative reticence underpinned by the GDP call. What is the foundational BMP Paribas U.S. and global GDP call this year? Well, I think here we're probably not that far out of consensus. And I guess if anything, what should worry us is how consensus the recession view is both for the U.S. and Europe, we do think that is what's going to happen, but probably importantly we think at least in the U.S. it's what needs to happen. It's not so much that a recession occurs per se because of a federal. You were talking about the labor market. And I think it's important not to get to strike by what's happening with the layouts in the tech sector. I mean, we all know what happened in tech in terms of equity prices, but also in terms of employment. Was the boom during the lockdowns and now that's normalizing. I don't think it really tells us all that much about what's going on in the rest of the economy, which is where the labor market is still very strong. Wage growth is still far too high and to get that down to a level of the fed is comfortable
"benioff" Discussed on Bloomberg Radio New York
"Bloomberg business app and that Bloomberg quick take. This is a Bloomberg business line. From Bloomberg world headquarters I'm Charlie pellet we begin with the developing stories, Salesforce co chief executive officer Brett Taylor, stepping down from his position as of January 31st, Mark benioff, the software makers cofounder, will remain as the lone CEO and continue as board chairman now after ours, we're looking at Salesforce, that stock down by 5 and a half percent, lots of earnings, among them coming out moments ago snowflake at forecast product revenue for the fourth quarter and that guidance did miss the average analyst estimate after our snowflake shares, they are falling now by just about 12%. Big day for the U.S. stock market. In fact, the Dow Jones Industrial Average year to date just about one month to go and tell the end of the year, but the doubt now down by 4.8% on the year today, big rally there with the Dow, rallying into the close, in fact, up 737 points ending the session at 34,589 up 2.2%. S&P did even better off by 3.1% today up a 122 points, but NASDAQ the outperformer up 484 points up by just about 4.4%. Ten year yield 3.63% with a two year yielding 4.34% spot gold up $19 the ounce up by 1.1%, while West Texas intermediate crude at $80, 46 cents a barrel up by 2.9%. Again, recapping stock surge after Powell's remarks, S&P up 122 up by 3.1%. I'm Charlie palette that is a Bloomberg business
"benioff" Discussed on Bloomberg Radio New York
"To be more productive. The worst thing for a tradesperson is for a vehicle to be down for the not to be in the right place. And so telematics software, all the connectivity technology predictive failure components. They live and die for this because and they're willing to pay much more than a retail customer because it's about productivity. Talk to me about the geography of this. I know that the F one 50, I believe, has been the best selling vehicle in North America for an awful long time now. To what extent will this truck be sold at some point outside of North America? What about Asia? What about Europe? You know, it's a great question. We do export super duty to a lot of unusual locations people don't understand or be surprised. Obviously it's huge it Canada. It's huge in Mexico. But it's also a huge around the world. We export these vehicles to the Middle East. They're very popular there. It's used all over the world, frankly. We send super duties all over the world. I even saw Mark benioff has won for the Maui fire department. So they're all over the world. So this is obviously an internal combustion engine. I say you've got a couple of different engines there that are bigger than any engine. I could conceive of frankly having come out of Detroit. But what about electric vehicles? Is there going to be a version that this electric field ever? Look, we're the number two electric brand in the U.S. right now, thanks to F one 50, a lightning and many of our other electric vehicles. And so there are truck customers who find the electric going electric is interesting. The last customer who had probably do that would be a super duty customer. As soon as you know, most 90% of our super duties are towing heavy towing, like 10,000 pounds. And for a battery electric vehicle, it's not a great vehicle. So you wind up sacrificing range a lot like cut your range in half with towing. So this is not the kind of vehicle that we would use for electric. We don't think the segment is going electric anytime soon. So you at Ford, as well as other automakers have had some problems with supply chains recently. And we just saw it show up in some of
"benioff" Discussed on Bloomberg Radio New York
"The connectivity technology predictive failure components. They live and die for this because and they're willing to pay much more than a retail customer because it's about productivity. Talk to me about the geography of this. I know that the F one 50 I believe has been the best selling vehicle in North America for an awful long time now. To what extent will this truck be sold at some point outside of North America? What about Asia? What about Europe? You know, it's a great question. We do export super duty to a lot of unusual locations people don't understand or be surprised. Obviously it's huge in Canada. It's huge in Mexico. But it's also huge around the world. We export these vehicles to the Middle East. They're very popular there. It's used all over the world, frankly. We send super duties all over the world. I even saw Mark benioff has won for the Maui fire department. So they're all over the world. So this is obviously an internal combustion engine. I say you've got a couple of different engines there that are bigger than any engine. I could conceive of frankly having come out of Detroit. But what about electric vehicles? Is there going to be a version that this electric field ever? You know, look, we're the number two electric brand in the U.S. right now. Thanks to F one 50, a lightning and many of our other electric vehicles. And so there are truck customers who find electric going electric is interesting. The last customer who had probably do that would be a super duty customer. As soon as you know, most 90% of our super duties are towing heavy towing like 10,000 pounds. And for a battery electric vehicle it's not a great vehicle. So you wind up sacrificing range a lot like cut your range in half with towing. So this is not the kind of vehicle that we would use for electric. We don't think the segment is going electric anytime soon. So you and Ford as well as other automatic had some problems with supply chains recently. And we just saw it show up in some of
"benioff" Discussed on Bloomberg Radio New York
"In New York. Dream force is back in San Francisco and it's the biggest convention to hit the tech capital since the pandemic era thousands are heading to the annual Salesforce conference, including Bloomberg technologies Emily Chang. She sat down with Salesforce chair and co CEO Mark benioff to talk about his next steps. There are 40,000 folks here in San Francisco in the new moscone center is beautiful every hotel is sold out from here to San Jose every Airbnb is sold out. It's amazing. And they're all having such a good time and learning about technology and learning about how to connect with their customers in a new way using Salesforce. We're going to talk a little bit about the state of the city in a moment, but first you announce new profitability goals. Yesterday, long-term profitability, aiming for 25% adjusted operating margin in 2026. What makes you feel so ambitious in a downturn? Well, you probably saw this quarter we delivered 7.7 billion. It was larger than an SAP, a company that, you know, we both admire so greatly, but now we're the largest enterprise apps company in the world. That's very exciting. And so we have the highest revenue. And now we want to have very strong margins and we've taken a goal that when we get to 50 billion, which is right around the corner. We will have 25% operating margin. So you're also doing these carbon offsets, which is fairly unique, more net zero offerings. Do you see this as philanthropy? Or do you see real revenue generated from the carbon accounting market? Well, I think that when you think about a modern business today, you have to have great revenue, you have to have a great margin, you also have to look
"benioff" Discussed on Bloomberg Radio New York
"Meta platforms right What Now they finally have meta as the ticker But we've gone with Facebook formerly known as no made from my nose Facebook Now it's meta for almost a craft I love that one That's the one I'm like the focus group I say this all the time Which all three are meta Altria Yeah I mean that's what I think of still Mondelez Yeah exactly It's like okay guys we just spent you like a $1 million and here's the focus grip and here's what we came up with It's like drug names Like who does this What if your job was just coming up with potential names for But ridiculous names and I'm really sorry Mondelez and other places but it's like man I kind of get Yeah look they're going all in on the metaverse And Apple computer Apple Like I get that right Yeah Well no longer Apple computer Carol just Apple But that's what I'm saying Like I get that And do they need a face Rebranded too Calling themselves an energy company more so than a car company a few years ago I forgot that But that's a different kind of change I mean Facebook going from Facebook to meta platforms is a huge change I think it's even bigger than a Google Alphabet type of thing that we saw in 2015 2016 That was a big thing And that was a hard one too I still call it Google That's a still a tough one By the way sales are shares of excuse me Salesforce ticker CRM they're up about 5.3% following their latest earnings epo actually almost 6% here They did give an updated outlook and that's certainly what investors are focusing on it does seem like what did they say Second quarter current remaining performance obligation down 15% fiscal year adjusted EPS four 74 to four 76 That was increased They had seen four 62 to four 64 You heard me make the comments that Mark benioff said in a statement there's some more that I want to get to real quick Amy weaver the president and CFO at Salesforce saying that we've been able to deliver strong growth while also driving disciplined decision making enabling us to expand our operating margin.
"benioff" Discussed on Bloomberg Radio New York
"About Davos man It's a term coined by the late political scientist Samuel Huntington It refers to a group of very well-known individuals in the business and broader world We talk about them a lot Yeah they're known to attend the World Economic Forum's annual meeting in Davos Switzerland when it takes place in person anyway They're the elite executives the ones that we in the business media well we cover them a lot The movers and shakers the billionaires that were constantly discussing on Bloomberg In fact they screwed I think we probably mentioned several times throughout the week The thing is Peter is in a fan of Davos man Peter is The New York Times global economics correspondent and he talks about this in his new book Davos man have the billionaires devoured the world and he gets into who he's talking about specifically I'm using it to describe not only forum participants and billionaires but a special kind of billionaire who would have us believe that their interests are interest collectively And that's this idea that if we organize our economies and our societies around sending more wealth to the people who already have most of it the magic of trickle down economics will take care of the rest And we will all prosper We've been running an open air experiment in this idea that I referred to as the cosmic Hawaii for the last half century And the results are not at all pretty This is an idea that Davos man uses religion to protect himself against democracies trying to redistribute the wealth in a fair way Well she's 5 of these Davos men to highlight throughout the book Jeff Bezos Stephen Schwartzman Larry Fink Jamie Dimon Mark benioff names that our audience is certainly familiar with Why these 5 folks And look they're all men Yeah Well look in reality Davos man is mostly male mostly American mostly white There are lots of exceptions but that's the rule Look I could have picked almost anybody within the billionaire class who goes to Davos and come up with largely the same book I think these guys because it's a cross section of finance and tech and two of them benioff and Larry Fink in particular are champions of this idea stakeholder capitalism Much heralded much celebrated by much of the business press This notion that Milton Friedman ism is over and that companies are no longer just to organize to return profit to shareholders Now they're catering to what they call stakeholders that's labor local communities social aims And I argue in the book that the pandemic was really the first big test of stakeholder capitalism in the summer of 2019 a bunch of CEOs coalescing at the business roundtable then headed by Jamie Dimon actually signed off on this new statement of a purpose of a corporation And I argue and I think the pandemic makes pretty clear that they used this pledge of stakeholder capitalism as a way to say we've got this You don't need to tax us you don't need to regulate us You can outsource to us with confidence The solving of the world's biggest problems like climate change like gender and racial inequality and the pandemic has shown that that was really accrued exercise in public relations You know Peter it's really interesting because it's just coming off a conversation we just had about ESG investing which we talk about a lot here at Bloomberg and there's so much money going into I'm sure you know into the world of ESG to the point where it's becoming a very significant percentage of overall assets that are out there How do we change this Because I think there's a lot of investors who think they're doing good by Tapping into ESG and yet it kind of is many would argue it's not I mean we need more transparency Look there's nothing wrong with the idea of stakeholder capitalism or ESG right I mean if companies want to actually try to solve social aims and they're being transparent about that and some investors don't want to ride on that particular boat They don't have to put their money there That's fine But we need a way to actually test these claims instead of just taking it I mean take a mark by who's a guy who does a lot of philanthropy This is the CEO of Salesforce big Silicon Valley tech company You actually says at Davos last year virtual gathering because it couldn't be because of the pandemic Right CEOs are the real heroes of the pandemic I mean he's not talking about frontline medical workers He's not talking about parents dealing with kids cooped up dealing with this learning or essential workers deliberate our food CEOs and he says it was the CEOs of companies who gave us vaccines and credit that staved off bankruptcy Right right Specifically said his government didn't save you we saved you You were talking about how Marc benioff of Salesforce last year at the virtual Davos event talked about how the CEOs were the real heroes And you read about that in your book You also you engaged with Mark benioff for this book you spoke to him And I know I'm wondering what the productive conversation is around that What did he tell you when faced with your criticism Yeah he seemed to be into the back and forth which I think is an indicator of how these guys use their participation and what they call multi stakeholder dialogs They love to go to Davos and engage in these earnest conversations about climate change and race and class and they just don't like to actually do anything They're not into sacrifice They're into finding win win solutions to every problem and using Davos to signal their virtue So many of us will talk openly about anything I mean I've been to Davos and seen.
"benioff" Discussed on Bloomberg Radio New York
"S Goodman writes about Davos man It's a term coined by the late political scientist Samuel Huntington It refers to a group of very well-known individuals in the business and broader world we talk about him a lot Yeah they're known to attend the World Economic Forum's annual meeting in Davos Switzerland when it takes place in person anyway They're the elite executives the ones that we in the business media well we cover them a lot The movers and shakers the billionaires that were constantly discussing on Bloomberg In fact this group I think we probably mentioned several times throughout the week The thing is Peter is in a fan of Davos man Peter is The New York Times global economics correspondent and he talks about this in his new book Davos man have the billionaires devoured the world and he gets into who he's talking about specifically I'm using it to describe not only forum participants and billionaires but a special kind of billionaire who would have us believe that their interests are our interests collectively And that's this idea that if we organize our economies and our societies around sending more wealth to the people who already have most of it the magic of trickle down economics will take care of the rest And we will all prosper We've been running an open air experiment in this idea that I referred to as the cosmic lie for the last half century and the results are not at all pretty This is an idea that Davos man uses really to protect himself against democracies trying to redistribute the wealth in a fair way We choose 5 of these Davos men to highlight throughout the book Jeff Bezos Stephen Schwartzman Larry Fink Jamie Dimon Mark benioff names that our audience is certainly familiar with Why these 5 folks And look and they're all men Yeah Well look in reality Davos man is mostly male most of the American mostly white There are lots of exceptions but that's the rule Look I could have picked almost anybody within the billionaire class who goes to Davos and come up with largely the same book I think these guys because it's a cross section of finance and tech and two of them benioff and Larry think in particular are champions of this idea stakeholder capitalism much heralded much celebrated by much of the business press This notion that Milton Friedman ism is over and that companies are no longer just to organize to return profit to shareholders Now they're catering to what they call stakeholders that's labor local communities social aims And I argue in the book that the pandemic was really the first big test of stakeholder capitalism in the summer of 2019 a bunch of CEOs coalescing at the business roundtable then headed by Jamie Dimon actually signed off on this new statement of a purpose of a corporation And I argue and I think the pandemic makes pretty clear that they used this pledge of stakeholder capitalism as a way to say we've got this You don't need to tax us you don't need to regulate us You can outsource to us with confidence The solving of the world's biggest problems like climate change like gender and racial inequality and the pandemic has shown that that was really a crude exercise in public relations You know Peter it's really interesting because it's just coming off a conversation we just had about ESG investing which we talk about a lot here at Bloomberg and there's so much money going into I'm sure you know into the world of ESG to the point where it's becoming a very significant percentage of overall assets that are out there How do we change this Because I think there's a lot of investors who think they're doing good by Tapping into ESG and yet it kind of is many would argue it's not I mean we need more transparency Look there's nothing wrong with the idea of stakeholder capitalism or ESG right I mean if companies want to actually try to solve social aims and they're being transparent about that and some investors don't want to ride on that particular boat they don't have to put their money there That's fine But we need a way to actually test these claims instead of just taking it I mean take a guy like Mark benioff who's a guy who does a lot of philanthropy This is the CEO of Salesforce big Silicon Valley tech company He actually says at Davos last year virtual gathering because it couldn't be because of the pandemic Right CEOs are the real heroes of the pandemic I mean he's now talking about frontline medical workers He's now talking about parents dealing with kids grouped up dealing with this learning or essential workers deliberate our food CEOs and he says it was the CEOs of companies who gave us vaccines and credits and staved off bankruptcy Right right Specifically said his government didn't save you we saved you You were talking about how Marc benioff of Salesforce last year at the virtual Davos event talked about how the CEOs were the real heroes And you read about that in your book You also you engaged with Mark benioff for this book You spoke to him And I know I'm wondering what the productive conversation is around that What did he tell you when faced with your criticism Yeah he seemed to be into the back and forth which I think is an indicator of how these guys use their participation and what they call multi stakeholder dialogs They love to go to Davos and engage in these earnest conversations about climate change and race and class and they just don't like to actually do anything They're not into sacrifice They're into finding win win solutions to every problem and using Davos to signal their virtue So many of us will talk openly about anything I mean I've been to Davos and seen.
"benioff" Discussed on Bloomberg Radio New York
"A request to open a cryptocurrency exchange in Singapore That ends an effort that started last year We spoke with the CEO of binance on Bloomberg earlier We're not that disappointed This is the original plan So we just invested in a local regulated exchange called HT We usually call it X DX So this is then we'll have two duplicate things in the run for a small market So Singapore is a very advanced market and is very pro crypto We just didn't think we needed to both applications there and it's kind of heavy Finance also will wind down its digital payment token business in Singapore Meantime this year has seen a game of executive musical chairs with a wave of newcomers bringing in a technical background From Salesforce's new co CEO Brett Taylor who started out as a software engineer and was of course CTO of Facebook to Jack Dorsey's departure from Twitter with its CTO taking over as CEO I want to talk about that more with Tod McKinnon CEO and cofounder of octa who worked at Salesforce for many years before cofounding Todd great to have you back with us I'm so curious what you think about this Brett Taylor news He's now co CEO with Mark benioff Does this make sense to you It's great to be on Bloomberg technology Emily thanks for having me I think it's great for Salesforce and it's great for bretton It's great for Mark You get a world class technologist and product person in Brett And we all know what market is He's a legendary in terms of leading the company and vision and evangelizing all the latest greatest technology It's a killer combination And I think a Salesforce thinks about what it's going to do in the decade ahead is it's going to continue its product evolution and its architecture It's amazing to have Brett and that seat Let's not forget Salesforce had a co CEO before Keith black It didn't work out Why do you think chances are better this time And do you think this paves the way for Benny off to eventually make an exit I think Marcus said this is well I can't imagine Salesforce without Mark He's created the company he's grown at He's there forever And I wouldn't say it didn't work out with Keith I mean they were pretty pretty successful with Keith in that seat So I think this is just the next evolution of it When you look at the company the scale they're operating at the latest quarter was over 6 billion in revenue They have a lot of sales to do They have a lot of marketing They have a lot of positioning and they have a lot of product and technology to build And having Bratton mark in the CEO seats is an amazing combination to do that Okay but the Keith blocks thing didn't last more than a couple of years We'll see how long this one lasts I hear you We are seeing a wave of departures from MuleSoft There's a lot of talk about whether MuleSoft can continue to deliver on the numbers that it's seen in past years What do you make of that Is that a red flag I think there's an organizations that are growing and dynamic and companies are coming together There's always going to be change But I like to zoom back and look at the landscape what's going on And this is why broadly not just Salesforce or not just Twitter This is broadly speaking why there are more technical CEOs being promoted into that job And that's because in every.
"benioff" Discussed on Newsradio 600 KOGO
"And other forms of technology. To drive awareness and, in effect, create some of the positive change that you're looking to do. Can you talk a little bit about how that all really comes together with the work that you're doing? Absolutely, you know again, My background is an entertainment. I was a franchise development executive. I'm a big believer and starting with the audience and the people that you're trying to reach and the people that were trying to reach or not. You know only on one channel, so we need to work across all different digital channels live and digital to be there. Where the people where these stories that can really help this inspiration that can drive change. Can reach them. You know, it's great for us to talk, you know, at a live event where you know there's 100,000 people, but it's not breaking out of our echo chamber. How can we partner with people like I heart media and borrow 10 days? You know his podcast how to citizens. Is really going to force multiplier in my mind is how to business. You know, I think more people should be looking at the channels that they owned. You know, Um, I believe if your content creator you're a culture creative, and it is Imperative that you challenge yourself to drive the plot your that you challenge yourself to use your platform to drive changed. So whenever I do have an opportunity to have a channel at my disposal, it's not just about the dot org story is not the Christina Jones story. It's the story of again. These action leaders who are driving change, and I want to Use our top or you know, it's salesforce that our brother are bigger companies so forth dot com Marc Benioff says that the business of doing the business and business is doing well. And so forth. We believe that Every business can be a platform for change. Well, this is us that those were dot org using our platform of storytelling to drive the change. You know, our technology accelerates the change for our customers..
"benioff" Discussed on MAD MONEY W/ JIM CRAMER
"These are really what's going to make our banking triumphant our bank. He's been left behind but the people who run seen in star though. Those are two of the smartest people i've ever talked. You're you're right. That salesforce ventures is probably the number one venture capital company in silicon valley certainly beauty. And the other thing. That's been really cool is we've been able to manage that but also make sure that it's the right for our for our that's you know. We're we're focused on our margins that ever as well you probably saw that we delivered outstanding mark scorer and even three out of last five quarters delivered more than twenty percent margin. And you know we're giving this acquisition momentum that we've had a bit of arrests that can really focus on these acquisitions and deliver this incredible growth in capability and you can see it now on these amazing number. We just raised him for the year. Three hundred billion dollars twenty six point three billion. That's going to be an incredible year. But it's not just about the absolute number it's about the growth rate is well. It's been awesome and not just in revenue but in margin in an aslo in every key. Metrics that really indicates this a very successful company. It's true really hurt a unicorns. I know now one last thing you you not been able to solve the pandemic although you probably tried more than anybody else in the in the in the country if the world delta back to work not back to work central office stay at home dream force. No dream force. It's a tale of two cities in san francisco. Yesterday i'm in geneva switzerland. Today i was with my customers in san francisco yesterday and i legally have to wear a mask. I can't really opened my office. Things are really closed down very worried about condemning and delta. I'm in geneva today. There's no mass. It's a free for all everyone's meeting with everybody and they're not as concerned about the pandemic for them. This is a new world now. A lot of things have changed for customers in this new world whether it's europe or the united states in one of them is really returned to work and the phenomenon that i see happening locally. It's not as many employees are coming back into their offices. Globally as any co expect. And you're really starting to see some very low attendance numbers offices because employers are so productive at home so they can do their. They can do their job at home. They can be successful from anywhere. The companies our customers are successful. It's it's incredible but the way they're being successful has changed and so the pandemic is a tailored cities but the new normal is not earning the c. You know this new normal appear in business is going to be quite different as we come into this new world for your way ahead of it insisted. Amazing quarter. i know they'll be naysayers arizona. Obviously.
"benioff" Discussed on KFI AM 640
"Has more job openings than ever 9.3 million as of April, the Labor Department says That's about a million more openings than March and job search sites show even more were added in May. The quits rate also hit a record high in April. That's the rate at which workers are voluntarily leaving one job. Confident of finding something they like better Colonial pipeline now has back just over half the ransom money had paid hackers thanks to the Justice Department, essentially hacking the hackers Bitcoin account. Colonial CEO Joseph Blount defends his decision to pay it in the first place. I know how critical our pipeline is to the country and I put the interests of the country first. The latest ransomware attack is on a constituent services site used by both parties in Congress. It reportedly effects at least 60 members but not any house data. The CEO of Salesforce expects at least half of employees to continue working from home even after the pandemic ends. Contessa Brewer reports, Marc Benioff tells CNBC prior to Covid about 20% of the staff was working remotely, despite making big investments in real estate in recent years, including a 61 floor building in San Francisco. Benioff says he has accepted there is no return to the pre pandemic days. Salesforce is one of many tech companies in the Bay Area, trying to figure out how to make use of empty space bending off suggests it could be used for events or training facilities. I'm Contessa Brewer and a propublica investigation reveals how the 25 wealthiest Americans pay close to zero income taxes. It estimates the richest of them all. Jeff Bezoza has a true tax rate of barely 1% Elon Musk has a relatively high 3.3 and Warren Buffett's effective tax rate is lowest of all 1/10 of 1%. But Buffett defends himself, saying all his money is in Berkshire Hathaway stock, which doesn't pay a taxable dividend at shareholder request. Not so he can avoid taxes. Besides that, Buffett says he's giving away most of his money to charity. Consumer and business news. Joe McConnell, NBC news radio. I'm Henry Louis Gates Jr. We are people of resilience. No matter what.
Walt Disney Co. names Bob Chapek new CEO. Bob Iger to stay on as company executive chairman
"The bell the Walt Disney company naming Bob chip because it's new chief executive officer abruptly ending years of speculation over who will succeed Bob Eiger atop the world's largest entertainment company and salesforce dot com says Keith blockers stepped down as co CEO of salesforce Marc Benioff is now chairman and CEO of the
'Game Of Thrones' Showrunners David Benioff & D.B. Weiss Exit Planned 'Star Wars' Trilogy
"You are a sort of the last season of game of thrones leaving kind of disappointed well that they in effect has been a huge hit to the game of thrones show runners David Benioff and D. B. Weiss they were accused by many fans of rushing through the end of game of thrones to get to their next project which happened to be eight twenty twenty two Star Wars movie doesn't quite have a name yet insiders are now calling this a shocker because this morning the pair quit the Star Wars project saying quote they don't have enough time for it can you tell people what show remains there the person in charge of the show and they are the show okay got us the best description wow they're the people who are the producers there people who receive the actors and the actors and everything else they are in charge of
Netflix, David Benioff And Weiss discussed on Orlando's Morning News
"L. and the duo behind game of thrones is now running for Netflix the creators David Benioff and DB week Weiss are going to write produce and direct new shows and movies that deal is rumored to run to nine figures which but after season eight of game of thrones well they were quite
David Benioff, Weiss And HBO discussed on Donna and Steve
"Game of thrones showrunners David Benioff and DB Weiss will not appear at the show's comic con panel this Friday as previously scheduled the grades were set to make their first public appearance since thrones ended its eight season run on HBO in may the official thrones Twitter account revealed the news and cited no reasons for the exits but the noise and wise did come under intense critical and fan scrutiny during game of thrones season eight many fans were outraged by some of the story telling decisions made during the HBO fantasy
'Game of Thrones' creators David Benioff and D.B. Weiss are the forces behind the next 'Star Wars' film
"Disney says the creators of game of thrones. All right. The next Star Wars movie CEO Bob Eiger, making the announcement at a conference in New York that the next installment of Star Wars will definitely be produced by David Ben off and db wise the team behind the popular HBO series. He didn't give any more details. Next Star Wars movie not expected to hit theaters until twenty
Linux's Creator Is Sorry. But Will He Change?
"Lennox, creator Linus Torvalds send a note to the lenox Colonel mailing list apologizing for behavior that may have driven away some developers and saying that he will take a break from working on. Lenox Travolta wrote that he will quote, get some assistance on how to understand people's emotions and respond appropriately end quote. He also emphasized that he does want to continue maintaining Lennox. I was not aware that lettuce Torvalds was upsetting developers as much as he. He now believes that he has been doing for years, and the story is a little convoluted has to do with travel and you know, a bad managing of calendars and that sort of thing. But for him to say, listen, I've been, I mean, what's the word to you? You gotta. It's not about the whole story about him forgetting to to schedule around a conference he was supposed to go to, but that's not the problem. The problem is every once in a while. He goes off on people on the public mailing list, and a lot of times people champion him and say, see, he doesn't hold back. He, he tells them the way it is, but some developers behind the scenes were like, you know, we get it. We know you, you have a hot temper, and, and you don't mean anything by it, but it's unpleasant and they finally persuaded him like, hey, man, you know, just maybe work on that mo- on your people's goes a little because you're driving some otherwise talented developers away from developing Lennox. And I've, I've actually been guilty of cheering his rants on and a couple of cases where I'm like, yeah, man. Finally, you know, he's the maker of Lennox. He gets to say that, but it turns out that you know hearing about at once in a while from the outside, not nearly the same as living with it on a day-to-day basis. Empathy is a lesson that we can all stand to learn more about in an internet age. I feel what you're feeling there. Thank you.
Marc Benioff, the founder of Salesforce is buying Time Magazine for $190 million
"Recipient. She questions Trump's border wall. It's frustrating for me because he keeps asking for this wall. There has been a lot of conversations about how do we solve the problems that are happening across the border or through the border or in this country. And unfortunately, it's always just being used as a political symbol