>> i do like oracle. and if you look at their cops, they've outperformed their comps by at least 3.5 to 1 they actually outperformed m microsoft as well. forgetting the fundamentals of this transaction, potential transaction, look at the technicals on oracle it's been doing this for months now. runs up, blasts through the old high and then settles back in to the most recent high so this looks like a later ladd to me or a staircase step. everything looks great for oracle i think you get a better entry than you would have had a few days ago but i think it's still a great positioning for the stock. >> all right and earth to spidey fans swinging higher thanks to the power of peter parker. reddit favorite jumping ahead of opening weekend for the new and highly anticipated spider-man film, no way home. already hitting box office records, snagging $50 million in ticket sales from thursday now projecting the film will hit $200 million in ticket sales this opening weekend let's put aside the long-term fundamentals

i remember that deal not just for oracle but all of tech oracle people soft almost 20 years ago. it was over a third of this amount that oracle paid around 10 billion >> yeah, that was a long time ago now john i think what's so interesting here is, yes, this deal helps oracle as it continues to its pivot toward the cloud but also health tech. we cannot underestimate the opportunity and the fact the pandemic has shed a light on how much of the health care system still needs to be digitized. still need to be brought into the cloud and so many efficiencies that are there that need to be seized in this moment where we're relying on the health care system >> let's talk more about this. where do you focus in this environment. joining us on where he sees opportunity web bush security head of technology, joel let's start off with oracle here i'm kind of drawing a parallel to people soft almost 20 years ago ago. that was focused on hr in is a more specific industry bid it has implications outside of held care because there's dod contracts involved with cerner and the health technology you

we've covered oracle for a number of years. there have been false starts before we want to be patient. we want to see the second half is the mos they're going into their third quarter. fourth quarter we want to see how they execute and if they can keep up the momentum and if they k it's trading below the s&p on a momentum earnings multiple >> do investors fully appreciate the opportunity for a company like oracle or, by the way, amazon or microsoft or others where government contracting work is concerned? >> i thing it's an interesting question the era of mean stocks and wall street bets and one thing that large tech investors love is a old dog that learns new tricks oracle, you can see the pathway microsoft laid many years ago, when they embraced and transitioned fully to the cloud. that's the kind of pattern that oracle wants investors to think about when looking at the opportunity they have. larry referenced how microsoft moved their office space into the cloud and how the company is now moving its basis of large application

and the note basically said the one thing we've noticed about oracle, oracle's cloud is that it never, ever goes down we can't say that about any of the other clouds >> yeah, not talking about any, calling anybody else's outage out specifically but just saying that said, i was noticing, guys, in one year performance this move today so far takes oracle past amazon, microsoft, google, alphabet but, of course, on two-year and five-year performance, all of those still beating oracle but that's why i say you have to be careful about all this dinosaur talk. for 20 years people telling me everybody hates oracle, everybody can't wait to get off oracle not everybody is getting off of oracle >> yeah, i thought it was really interesting that throughout the call last night -- >> sorry, jb >> throughout the call >> john and i've already seen headlines today comparing oracle to the next microsoft. but that's why this space and mega cap enterprise software continues to be so sudieductived interesting. >> yeah, i was just saying that throughout the call last night i listened to the whole thing. a lot

a big deal for oracle, buying cerner. >> one of the two big stories, oracle is looking at buying cerner for $28.3 billion. the wall street journal, reporting it will be buying it for $95 per share in an all cash deal. this will be the biggest deal for oracle in a while. i want to hit two quick stocks, apple and ericsson. apple filing a lawsuit against erickson, against a 5g licensing agreement going back to 2015. this has to do with market share. that is a theme with oracle as well. erickson losing some of the market share when it comes to 5g and apple says they should lose the net payment apple has to do, as well. that will be ongoing legal action to watch. speaking of architecture, this is why oracle's deal is important. oracle losing market share with its own business to microsoft, which is leading to this bid into the health care space and that brings it to cerner. compared to the deals made in the last couple years, the last acquisition they made was 2017 and it was a $.7 billion. this is a huge bat from oracle going into the health care space. it earns them a creditwatch negative

this acquisition gives oracle a trove of health data and an opening for oracle cloud. i think this deal gives oracle a boost in the health care space versus competitors from a footprint perspective. i have no doubt oracle's competitors are not going to be sitting on their hands. microsoft earlier had announced an acquisition of nuance. >> what does this mean for aws customer >> i think it means that companies like oracle, like microsoft and others including salesforce are now all seeing the health tech space as a huge opportunity. member, -- remember, the market for health in the u.s. is a $4 trillion market. all of the large cloud providers are now trying to gain a significant foothold in the health industry. >> talk to us about where you see this going in the context of health care and health care technology which was quite slow to take off. it has been accelerated as a result of the pandemic. >> the reason why it is so exciting is health care has really been undergoing a massive transformation over the past two years. we saw telehealth go mainstream. we sought copin

this acquisition really gives oracle a trove of health data and an opening for oracle cloud. i think this deal certainly gives oracle a boost in the health care space versus competitors from a footprint perspective, but i have no doubt competitors will not be sitting on their hands. microsoft earlier had announced this year an acquisition of nuance. emily: what do you think this means for aws? >> i think it means that companies like oracle, like microsoft, and others including salesforce are all now seeing the health tech space as a huge opportunity. remember, the market for health care in the u.s. is a $4 trillion market. it is joy norma's. all large cloud providers are trying to gain a significant foothold in this industry. emily: talk to us about where you see this going in the context of health care and health care technology, which to be fair was quite slow to take off, but has been accelerated as a result of the pandemic. >> absolutely. the reason why i'm so excited to talk about this topic is health has really been undergoing a massive transformation over the past two

do people understand what oracle is or tell us what you think oracle is. oracle was a database company forever and it still largely is. databases and the theme of the show is boring databases are boring and recurring revenue and are they primarily a database company or should we look at them different? >> i think they are a database company with the growth drivers on the cloud and licensed revenue. this is the recurring revenue that's high-margin business that over time over the next three to five years will dominate their business that is a cash-heavy, rich business that's providing you the capital to grow in this other business the key here and the difference is we've reached this inflexion point and people now see them as a real player. they're not just taking their current customer base and putting them on the cloud. cloud is real and they are actually getting market share. they are not this small player anymore. they are in the game, and i think that's where people will now have to see and re-rate the stock to say, hey, recurring revenue business, inf

it is a real community event. >> reporter: nothing but a good time here at oracle park. when we come back in the next hour, we will hear from the skipper of the giants, who has made an appearance. a listers, whether it is giants, managers, former giants players, mascots, everybody's here. third and king street. back to you and studio. >> thanks. >>> still ahead, from shipping to store shelves, supply chain issues concerning lawmakers in the midst of a busy holiday shopping season. why we could see things get a lot worse in the new year. >>> scott peterson will return to a bay area courtroom tomorrow. we look at what we could expect for his resentencing hearing. >> once he was convicted and sentenced to the death penalty, i think people pretty much said okay, it is time to mo this holiday season, we want to enjoy the gift of being together. for peace of mind, take the first step in knowing. because it might just be a cold, but you want to be confident. the binaxnow covid-19 antigen self test has the same technology used by doctors and detects multiple variants. so in just

alibaba and oracle as well. a down day for oracle. kriti: there is a lot of news, we are talking about the micro-stories and there are two that caught my eye. i'm going to start off with the first one which helps some of those chinese adrs underperform. alibaba targeting 100 billion dollars worth of transactions through its e-commerce on lozada which operates in southeast asia , in direct competition with another e-commerce giant based in singapore, see limited. you saw that a new approach to e-commerce show up in the adrs. alibaba up 1.5%. 80 yards down 0.8%. -- adrs down 0.8%. oracle looking to buy cerner for $30 billion, a way for oracle to get into the health care business which is what cerner does, a medical record company. it would be their biggest deal by a huge margin compared to the path transactions. $30 billion, pushing cerner much higher and oracle lower. we have to end with cryptocurrencies. i want to point out, a theory and's gains in particular, it has outpaced other cryptocurrencies to date. it is because of the techno

if you spoke of tech and didn't speak of cisco and oracle, you weren't talking about tech but oracle a lot of upside speculation and calls, obviously they blew out the earnings we had the december 90 all the way up to the 94 calls i think the stock touched 100 in the afterhours last night. and that just kind of shows you that people are still, even on a week where you're up 3.5%, you have people betting on some of these stocks into earnings and they were richly rewarded for that on that bet anyway. >> john, oracle has been one of those -- it's not that we don't talk about it, it's almost a $250 billion company now, a software giant but it's been the steady performer that's gone up and up it's up like 37%, i'm looking, year to date for shares of oracle there have been trades like that throughout the course of the market that have arguably rewarded and compensated investors in a way that could have at least stemmed some of the effects of the inflation we're seeing on the consumer front. you look at the inflation number we're expecting today, you look at the stock market overall, do inv

we're back right after this. >>> oracle shares are higher by about 10%. hey, julia >> well, carl, oracle shares shooting higher better than expected top and bottom line results. the company's biggest division cloud services grew 6% and the company authorized a 10 billion in share repurchases you see the leg up during the earnings call. the ceo saying that revenue growth will accelerate she guided to 6 to 8% fiscal third quarter revenue growth in common currency and she said that full year revenue will finish solidly in the mid single digits saying that cloud bookings growing faster than the cloud revenue growth rate and they except cloud revenue will accelerate further and exit the fiscal year in the mid 20% range. she did note that cloud is a more profitable business than their own premises business and their margins will be better than pre-pandemic levels larry ellison, bullish as well, he pointed to the particular strength of oracle's autonomous database and also their my sql database divisions saying quote, because of their extreme high performance, b

i think oracle is doing better than people realize. oracle's dirt cheap. they can explain the situation if, for instance, on monday, the ceo were to call in on our show and talked about how she brought this thing at a great multiple, everyone would buy oracle. i don't know if you can help me there. >> i'll fry. >> look at oracle. >> it did and it responded very positively to the numbers. we don't have any idea on price. we know they're talking, just to point it out >> i need you to look at the marvels of the world they started so badly today. you can't make a big swing because when you come in on monday and people might say i don't want to enthem but people are beginning to realize not all semis are the same buy epsy no supply chain problems, no mall in incredible interface i just want to give you some okay >> okay. >> jim, it's morgan. we're having this conversation -- >> morgan. >> hey hi so, we're having the conversation about some of the tech stocks that are selling off, opportunities to buy. a lot of the narrative has been about the idea of the fear o

to come under pressure, down big in a few days is it the fed or is it something else >>> deal news, oracle reportedly in talks to buy an electronic medical records company for $30 billion. >>> fed ex taking off helped by higher shipping rates. >>> the cdc making a new recommendation on covid vaccines and which one you should get. >>> and as the elizabeth holmes trial draws to a close, the prosecutors argue she chose, quote, fraud over failure. >>> it is friday, december 17th and this is "worldwide exchange." >>> well, good friday morning, good afternoon or good evening, welcome from wherever in the world you may be watching. i'm brian sullivan thank you all for joining us we have all of that, plus your exclusive insider buying segment coming up with one well known name getting in on a big buy that is later on let's get to the markets and your money and futures right now. they are very, very mixed. we are seeing nasdaq futures down -- i don't want to say big but they are down a couple tenths of one percent. down futures up 100 but tech is the one to watch this coming off what is another dow

. >>> still to come on kpix 5 news at 7:00, we are live at oracle park with how the giants are spreading holiday cheer for underserved children and their family. >>> the big amazon outage that everyone is talking about. wait until you hear about the ripple effect. >>> bay area tradition lighting up the bay area right now on the 80th anniversary of pearl harbor. the classic hollywood story. we meet the hero, the all-new nissan frontier hero faces seemingly impossible challenge. tension builds... the plot twist the hero prevails in hollywood, this would be the end. but our here, we are just getting started. introducing the all-new nissan frontier. hi honey! hi mommy! oh i missed you! you just want to video call the kids. ok. hush little baby...don't say a word... but if slow upload speeds turns your goodnight call into an accidental horror movie... can you hear me? shut it down. just remember. you're not a bad mom. you just need better internet. at&t fiber delivers faster upload speeds for more reliable video calls. get at&t fiber, plans starting at $35 a month for a year. limited availabi

kristen: this is tuesday, december 7, at oracle park. how do people get tickets? >> they can go to our website, holidayheroes.org. that's the best, easiest way to get them. we still have a limited number left and it's going to be super fun. and gabe kapler, and national league manager of the year, is going to be there, besides shawn estes, receiving our community philanthropy award, besides jen. kristen: i wasn't sure i was able to reveal that. but gabe! congratulations. you're an inspiration. i'll see you later. thank you so much for joining us on this interactive show, getting answers. today, we covered president biden's plan to slow the omicron variant and covid-19. we'll be on the >>> tonight, the breaking news as we come on the air. the new cases of the omicron variant discovered in at least three more states here in the u.s., including five cases discovered here in new york tonight. after california, now minnesota, colorado and new york, and what new york officials said just moments ago, this is breaki iin now. health officials in colorado late today saying

of oracle parks spartan race. enjoy the gift of being together. the binaxnow covid-19 antigen self test has the same technology used by doctors and detects multiple variants. so in just 15 minutes, you can test, know, and go. available in stores and online. [ding dong] what are you doing? what? just reminding him i serve my breakfast sandwiches all day and all night. ...with freshly cracked eggs! try my 2 for $6 double bacon breakfast sandwiches. emergency planning for kids. we can't predict when an emergency will happen. so that's why it's important to make a plan with your parents. here are a few tips to stay safe. know how to get in touch with your family. write down phone numbers for your parents, siblings and neighbors. pick a place to meet your family if you are not together and can't go home. remind your parents to pack an emergency supply kit. making a plan might feel like homework, but it will help you and your family stay safe during an emergency. my 2 for $6 double bacon breakfast sandwiches have freshl

and then there's oracle, which shot up more than 15%. oracle reportedalist night, they told us the story of growth, market share, and accelerating revenue. this $280 billion software company just had its best quarter in years, and unlike costco's customers who are individuals, oracle is all about the enterprise meanwhile, they're buying back stock and paying good dividends. both the ceo and the founder were crowing on the conference call, and why shouldn't they oracle is doing amazing. their enterprise resource planning programs are on fire, and i get the impression the only real problem is they may have trouble handling all the new business they're winning you can say the same thing for broadcom abgo, which saw the stock jump 8% today here's a dominant supplier to the data centers broadcom delivered amazing sales. they're buying back $10 million in stock i'm in awe of how the ceo pulls it all off all you have to do is look at this morning's research to know how powerful the sales and earnings are now i used to do it for a couple people

. ♪♪ >>> time now for a gut check on oracle the general reporting that oracle is in talks to buy digital medical records company cerner worth an estimated $30 billion. the biggest ever for oracle if it does happen now cerner currently valued at $23 billion and oracle paying a premium here the move signals oracle's increase interest in the health sector where it already has an increased presence down 5% on that news while cerner leads the ndx. >>> our next guest says story stocks are dead. we'll dive into peloton's decline and whether it can endure another hype cycle. eche" ntueafr today. "thcckcoins te this feel stuck with student loan debt? move to sofi and feel what it's like to get your money right. ♪ ♪ move your student loan debt to sofi— you could save with low rates and no fees. earn a $1,000 bonus when you refi— and get your money right. ♪ hey, angie! you forgot your phone! and get your money right. hey lou! angie forget her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no

a report saying cerner has been in talks with oracle to be acquired. this would be about a $30 billion deal that manages to put off. not a huge premium, but seeing cerner shares higher i about 18% in the premarket. oracle shares down about 4.5% on the day. we did get earnings last night out of fedex. they were good overall. the growth story still certainly in question, but you are seeing the story of pricing power here, able to pass on a lot of those extra costs onto consumers are you basically come of the businesses that use these packages, that was the main story. there's also a stock in play. that is part of the reason why you are seeing shares higher by 5.8% in the premarket. the company still dealing with huge labor costs, as well as an on-time delivery numbers that are well below what we are seeing with ups and some of the other competitors. executive changes over at general motors. the head of the autonomous driving unit is said to be leaving. he was pretty instrumental in bringing crews on board to gm. they did not really give a reason for his

in the s&p, norwegian, oracle, royal caribbean and broad copy oracle having a strong performance on really strong results. a 6% gainer. all of these names hitting all-time highs today. >> the cruise lines are coming back on the hope that the omicron variant is not paralyzing in any way. a question for you are poorer neighborhoods hotter than wealthier neighborhoods a study done in new york city over the summer mapped the heat in several different areas and the findings were just released. diana olick explains why this is so important in her continuing series looking at the rising risks from climate change. >> reporter: on a searing summer day in new york city, volunteers fanned out in cars with special sensor tracking both heat and humidity from the crowded streets the south bronx to the open avenues of manhattan's upper east side by mapping so specifically, they were proving thatter patioer neighborhoods are hotter >> as community members who actually fight for justice, and social justice and environmental justice, we can now say there is actual data that says we see and feel heat differe

oracle also shooting higher beating estimates. deutsch bank takes it to a buy saying it's a premium multiple also at all-time highs on track for best day since march 2020 back to you. >> thank you charlie, oracle is one of the holdings done well. now trading roughly a market multiple does that start to get rich for you or can it trade to a premium? >> it was more like 13 times earnings and the street did hate it people don't like larry ellison. some of it is personal there was a change in accounting from selling licenses to selling basically annual subscriptions and slowed the growth. now that's behind them and getting the kind of growth that a cloud company could get. i wish i was on yesterday to pound the table. i call it modestly attractive company. reasonably price stock. >> up 59% so this year one of the best performing stocks in the index. you don't want to talk specific stocks but how much of a weighting should investors have to technology as a whole and in that group semiconductors and cloud and software companies. >> i th

dan: a holiday tradition to help support at risk kids return to the oracle part tonight. the holiday here is event is held by an event and abc 7 is a proud sponsor. well done. ama: absolutely. we need to talk about the weather and one more rain is coming our way. dan: sounds like we are moving into another good, wet pattern. sandhya: we are in it will continue into next week. i want to show you our raining season to date. anywhere from 99-28% in santa rosa. this is just for this time. where still very much in a drought. you will notice, 15%, same with the northern part, southern is a little better. statewide, we are averaging out to 50%. i think it will get a boost, especially with more snow coming. winter weather advisory until 4:00 p.m. thursday. passes will be impacted. i will be prepared for winter driving conditions, 15 expected for the highest peaks. tomorrow evening into thursday, we are expecting spotty showers. this starts off as drizzle. just like the last round. slippery roads are expected. tomorrow morning when you get going, watch out, it is not just fog. we

when you look at oracle and what they are doing, they are laying the seeds of growth. this was an inflection point quarter. you could have a massive rerating. you go into 2022, everyone knows microsoft. you look at what oracle has done. this is an improving quarter. there could be a clear rerating. taylor: take a look at your coverage, a lot of cybersecurity firms. i was speaking with the former founder of galleon group and he said he cannot manage outside money after the conviction of insider trading but is managing his personal money and he is looking at crowd strike and culling at his biggest holding. how are you thinking about that cybersecurity space? daniel: cybersecurity is in its golden age right now. when you think about cloud and the threats facing enterprises and governments, it is only 5% penetrated. you look at names like crowd strike and others, i think cybersecurity is going to be the best performing subsector of tech going into the next six to nine months. i also believe in these volatile periods. when you stress test numbers, i think the street is unde

the journal reporting the biggest ever for oracle. larry ellison predicted we grow organically and oracle has been up and up swing up 15% after those earnings, profit and sales would accelerate into next year and oracle is waking up to the fact you have to get bigger. they've been outcompeted by amazon and microsoft and they've shown a reflexive muscle opening their wallets. buying tiktok for $30 million. stuart: robin hood, $17 a share, below where it ipo. >> $17, it was a cell, perfect storm. over for robin hood, organic growth and trading activity could face a multi-year head wins with clients engagement, i want to check on the meme stock, it buckled this week and especially in this environment where so many options, they expire. there will be a lot of distortion and volatility in the market. >> we have it up on the charge. >> the dow winners headed by merck on the upside this morning, walmart in their and so is verizon and ibm. we've seen that quite a few times. s&p winners, oracle in talks to buy them. nasdaq winners. who is the

. >>> oracle is buying electronic medical records company cerna for $28 billion. thousands of hospitals and doctor officers use the software for medical data. that company will become its own unit, working out of kansas city. oracle, by the way, is head quartered in austin, after decades the redwood city. >>> up next, scientists will tell us when the next wildfire will hit. when you have xfinity xfi, you have peace of mind built in at no extra cost. advanced security helps keep your family protected online. pause wifi whenever for ultimate control with the xfinity app. and family-safe browsing gives parents one less thing to worry about. security, control and peace of mind. with xfinity xfi, it's all built in at no extra cost. >>> this is an issue around here. wildfire smoke. uc berkeley is trying to figure out the best ways to help us deal with the smoke. >> the epa is giving the university more than $500,000 to create an action plan that will help authorities better communicate the risk of smoke exposure to at-risk communities. the epa says exposure to microscop

dan: a holiday tradition to help support at risk kids return to the oracle part tonight. the holiday here is event is held by an event and abc 7 is a proud sponsor. well done. ama: absolutely. we need to talk about the weather and one more rain is coming our way. dan: sounds like we are moving into another good, wet pattern. sandhya: we are in it will continue into next week. i want to show you our raining season to date. anywhere from 99-28% in santa rosa. this is just for this time. where still very much in a drought. you will notice, 15%, same with the northern part, southern is a little better. statewide, we are averaging out to 50%. i think it will get a boost, especially with more snow coming. winter weather advisory until 4:00 p.m. thursday. passes will be impacted. i will be prepared for winter driving conditions, 15 expected for the highest peaks. tomorrow evening into thursday, we are expecting spotty showers. this starts off as drizzle. just like the last round. slippery roads are expected. tomorrow morning when you get going, watch out, it is not just fog. we

. >>> earnings from broadcom, oracle, lululemon and chewy. all the stocks are down today. the numbers when they hit and an exclusive interview with the ceo of chewy and as we head to break a check on bonds rally day today. a mixed bag across the curve but rallying on the 10-year. 1.48%. "closing bell" will be right back what's strong with me? i know when i'm ready for a rest day. so i can be ready for anything... tomorrow. find out what's strong with you with fitbit sense and daily readiness. >>> near session lows for the nasdaq as the tech sell-off picks up steam time for a cnbc news update with ra tell solomon. >>> daunte wright's girlfriend describing what happened after being shot by former police officer kim potter said wright was gasping. potter said she intended to use the taser but fired the handgun instead. >>> a michigan school district is hit with two $100 million lawsuits by the parents of two oxford high school students. >>> and in texas a jury awarded a $301 billion settlement against the bar in a suit brought by the family of two people who were killed in a

up on the show today, investor dan niles cashed in on a number of his picks for the year including oracle and jp morgan and today he's joining us with his top five list for 2022 >>> plus, the u.s. setting a record for daily average covid cases, and the cdc easing its quarantine rules we've got a lot of ground of cover when we're joined by white house chief medical adviser dr. anthony fauci. >> looking forward to that, of course but first let's focus on the big stories we're following right now. we are going to talk about the blockbuster report on samsung. and watching the crypto space amid this week's increased volatility, a down day here for bitcoin. let's get right to it with the breaking news on biogen moving the stock sharply higher on this report that samsung is in talks to buy if for $40 billion, how much credence should investors put in this one? >> great to be here with you on one hand, i don't think it's totally shocking biogen has been a terrible stock all year. when stocks get this cheap, they're potential takeout targets. on the other hand, it's an interesting buyer, it's one

this a special event is right here at oracle park. holiday heroes is back, everybody, after a 1 year hiatus due to covid, virtually due to the pandemic. former pitcher shawn estes is among those being honored tonight with a philanthropy award. whever. getting this d, is cofor me. at the end kids, and what they do to help raise money for the kids. your let's enjoy this party. >> i'm going to enjoy myself, but it's not my night. i appreciate you saying that, but patrick willis is going to be here getting an award as well. all the sports teams -- >> reporter: i even saw the cal barrett mascot. >> how can you forget the mascots? that is who the kids are really here to see. there are interesting looking mascots i have never seen before. >> reporter: the giants manager gabe kapler was also in attendance, and then taking advantage of some extra downtime during major league baseball's lockout. >> reporter: is a manager, how does this affect you? >> i'm going to barcelona. i'm going to go on and spend a ttli in t soreallysu nk some coaching st

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here's what i worry about oracle had a good quarter what the hell? why are they they have a very good technology company. >> well, by the way, david, this is a -- >> yeah, that is your bad. only you would be home being with covid would not be wearing sweatpants underneath. i assume you haven't even taken your tie off for covid no is there a reason i should >> no, i expect you in ties all the time >>> i'm looking at it here to my left it did it via a spac over at the nasdaq, that was component maker as we get started with the s&p, the nasdaq off by 1 1/2%. >> tomorrow is the day that the santa claus rally has begun. larry williams saying this morning that it's time to buy, making a move. that is very contrary to what people are doing i do i think that amazon is down 75 is ridiculous by the way, omicron, again, i think you're not protected from the illness, but you certainly are -- you're not immune, but what does it make it feel like, strangely, it's less impactful than a cold, but i like that david, i want to point out that health care should be on f

it's assumed that an oracle was consulted here to ask the counsel of the gods. the voice of any one speaking into one of the knishes is magnified and can be heard throughout the hall . the religious center of natural pitcher is the mount where the people bowed to the sun known as in t. what dana, it's main feature is a sacred stone which resembles a some dial the inca word into what dana means. the place where the sun is fettered . astronomers, priests and teachers use the some dial to calculate the course of the sun throughout the year, the months and the time of day, although we don't know what astronomical methods were used. the end of march. you, pete, you remains a mystery with the fall of the inca empire. the decline of the city was probably inevitable. after that, it didn't take long for the jungle to reclaim the houses, temples and walls, and then the inca city of natural peach. you slept for 300 years a with awe in a morning. it's the day before christmas. a festive day. the day.

fox business alert, we've gotta look at oracle here. it is hitting a record high after the enterprise software maker gave an upbeat forecast. the companies cloud revenue rose to the rainbow 22% higher in the second quarter, at least 11 brokerages raised their price targets on oracle to between 87, behind because we're at $102 right now, to up to $126 on the prospect of a rebound in i. t. spending but oracle is getting a 15.9% bump right now. on the other end of the spectrum , moderna is at the bottom of the s&p, after investors disappointed in the company's early clinical trial results for its seasonal flu vaccine, which may not be showing high efficacy. the stock, while off session lows after moderna management asked investors to wait for more data on the mrna flu vaccine is still down about 5.6%. >> this ones a doosey folks, peloton shares continuing the downward cycle that began accelerating thursday since, of all things, wednesday night's debut of the new sex and the city reboot. okay, first of all, spoiler alert folks, tune out if

oracle has now confirmed its biggest deal ever. the software giant buying electronic medical records company cerner for more than $28 billion, it's valued at $95 a share right now it's below that at $90.5 # and could help oracle with its pivot toward the cloud. oracle is down 4.8%, cerner had a huge down friday is up another 1%. and bank of montreal is buying b np paribas u.s. unit. bank of the west for 16.3 billion, the deal will allow the canadian bank to double its footprint in the u.s. , while allowing bnp to focus on its banking business in europe. bank of montreal down 2.6%, bnp up 2%. spiderman star tom holland getting the red carpet treatment as marvel's latest super hero kicks the old box office records out of the tinsel town party. imax ceo rich gelfond is here next in the first interview since the blockbuster weekend numbers came out why one key market could send spidey's success even further out into the stratosphere, closing bell 29 minutes away we're coming right back on imax and spidey. this is your home. this is you

in its biggest ever deal, oracle will pay $95 per share, a 20% premium over market value last thursday. fwd has scrapped plans for its u.s. ipo. the company wrote to the sec asking for consent to withdraw its filing, saying it is considering other alternatives. fwd has switched its focus toward a potential hong kong listing after u.s. plans were held up by intense regulatory scrutiny. in a victory for organized labor, starbucks has agreed to negotiate with its first u.s. union at a store in buffalo, new york. the national labor relations board certified the union, requiring starbucks to begin collective bargaining. the development sets up potentially messy negotiations between the workers in the company, which could last for several months. tom: thank you very much indeed. let's get into the key market drivers with kristine aquino. a bit of revival in the sentiment here. positive sentiment for markets. we were talking to mark cudmore on bloomberg radio and he said this is not an environment where you want to make convicted calls leading up to your end. how much sustainability is there

dagen: your morning movers, first up cerna and oracle, stocks are moving after reports that oracle would buy the electronic medical records company in a $30 billion deal. this is shaping up to be oracle's biggest ever acquisition and would help cerna delve into the cloud based software market. usually see the acquiring company stock falling and the target going up. 18% gain on cerna stock in he premarket trading. then there is rivian, the newly listed electric automaker is down in premarket, the stock sinking after yesterday announcing a share loss for the third quarter that is far lower than what wall street was expecting. it also says it will be a few hundred vehicles short of its 2021 production target. on a positive note, the company reportedly will break ground on a second manufacturing plant in georgia beginning next year, almost 10% loss on that stock in early trading. futures are down this morning, following yesterday's technology selloff. tech companies can expect more losses as investors look toward 2022 as some of the world's largest central banks announce shifts in policy. jo

oracle has agreed to by a medical records provider in an all cash deal with over just $28 billion. this would be a 20% premium over the market value last thursday and nike has reported sales that slightly surpassed analyst expectations, overcoming global supply chain issues to enter the holiday season with strong inventory levels. the roles biggest athletic wear company saw poor results in asia with sales in china falling 20%. nike blamed his performance on factory production being slowed by covid outbreaks. and shares jumped in late trading after -- they expect about $7.5 billion in sales ahead of analyst expectations. forecasts of four adjusted profit are also better than expected. the results got a burst from surging demand for chips. rishaad: let's get the markets. the hang seng in hong kong. just checking in with our function here. this is to the upside. hong kong also getting a lift up today from some of the builders. we have weakness there in other sectors. japan leading the charge. the nikkei 225 is up around 2%. we are seeing electronic and chemicals making the biggest boo

. >> a holiday tradition supporting at risk kids returns to oracle park. abc 7 is a proud sponsor of the holiday heroes event. holiday heroes began in 2009 and features bay area sports heroes and activities for families. reggie: sales force revealing plans to keep in a safeway. the strict health screenings for people attending the next conference. kumasi: karaoke in the classroom. the video that got a substitute teacher in trouble. reggie: finally starting to see gas prices go down in time for those holiday root tr -- road trips. some days, you just don't have it. not my uncle, though. he's taking trulicity for his type 2 diabetes and now, he's really on his game. once-weekly trulicity lowers your a1c by helping your body release the insulin it's already making. most people reached an a1c under 7%. plus, trulicity can lower your risk of cardiovascular events. it can also help you lose up to ten pounds. trulicity is for type 2 diabetes. it isn't for people with type 1 diabetes. it's not approved for use in children. don't take trulicity if you're allergic t

a lot of it has to do with oracle and broadcom. not only did they beat their earnings, they came out with $10 billion authorized new share buybacks, and additional quarterly dividends up for dollars $.10, so investors really appreciating broadcom and oracle not only driving the information technology sector up, but also driving the entire s&p 500 gain for the day. a good chunk of it, at least. this i.t. boom is not just today. if you look at this yellow line here, it shows the percentage of the information technology index and their weight in the overall s&p 500. you can see over the past two years, it has gone to 29% of the s&p 500. a lot of that has to do with demand for chips, demand for software, and the emergence of cloud business is broadly. let's move onto that cpi data because although it did not have perhaps a macro effect, it did show up in certain companies in particular. one of the big components was those food prices, up 0.7% on a month-to-month basis. you could see that translate over to some of those food gains. the

oracle taking a bold move into the health-care industry with its biggest deal ever. the company has agreed to buy medical record systems provider cerner for about $23 billion cash or get oracle will be adding a broad customer base bolster its cloud computing and database businesses. monday, the bank of montreal spending billions to expand its presence in key u.s. growth markets. it has agreed to pay $16.3 billion to buy bnp paribas' bank of the west units. bnp lends to return some of that cash to shareholders through a buyback. elon musk says he will pay more than $11 billion in taxes this year. that could be a record payment to the u.s. irs. he has sold millions and shares related to tuscola -- millions of shares related to tesla stock options. that is a pretty solid tax bill. guy: yeah. biggest one in history. you can step back and thing about that. but he's had an incredible year. a lot of people were pouring cold water on that, including us. elon musk has had an absolutely incredible year, though that pole he ran, should i or should i not sell stock, i think he p

oracle, show me that. a company that size up 18%, 20%. what is this about? lauren: more employees are working from home and they need to invest in the cloud. boosting oracle's numbers over the top and bottom line, a record price and the best they for shares in one and a half years. blue and cloud operators should be doing pretty well. lauren: ten brokerages, the highest was 126. it is doing well. brought home is doing well. stuart: that is astonishing. 18%, broad, 17%. lauren: they have a share buyback plan, $10 billion and also raise their dividend by 14%. not just demand they are saying but sustained demand is much the same story. stuart: chipmakers moving away from it, solid gain. lauren: our new frontier. stuart: built into the chip. stuart: it will require enormous computing power. costco, saw the earnings report pretty strong. where they affected by supply-chain problems? lauren: that is why the response is nice today, $50 billion in revenue, gain of 16%. delays in toys and holiday items. the cfo sense of inventory won't make it before christmas and in

oracle used it to their advantage that we never go down, their cloud. >> why does everyone hate the oracle deal? it needed the growth it is accretive. i believe in ellison and katz. they don't make acquisitions unless they have a game plan oracle had a great quarter, too, for give me for big so bullish about larry ellison. they're some of smartest people in the world cerner is very good. medical records matter so health care is like the last holdout from being in the cloud and being digitized. so i am pro this deal, trying to get saffer on. >> last time i talked to her was around the people soft deal, so i think you have a better chance than i do. >> i am a huge fan. >> maybe the fda can use their services and help and sign off on things more quickly if they digitize. >> fda has that level of clarity. remember the nih, dr. fauci comes on, he's in charge of media. >> yes, okay >> he's the media guy. come on, really, i don't know, whatever you say david, it's never been this did you see functional i've never seen it like this meanwhile, how many days have we been saying they have the pill an

that's a new development oracle has been buying back stock. the big issue is whether b buybacks reduce the share pocou. a lower share count means a higher eps, and the biggest companies, the biggest tech companies are indeed reducing their share count. apple's been doing this since the end of 2018. they've reduced their share count nearly 20% meta, facebook, just start reducing their share count alphabet's been doing it since 2018 oracle's been a longtime buyback monster. 25% down in the last few years but others are not it's mixed and it depends on what you're looking at among other names, tesla hasn't reduced their share count. it's been going up in the last few years. and ennvidia's been going up broadcom's been going up adoeb has not. civsco and you see this is sort of a mixed picture here. overall the share count for the s&p 500, despite all these b buybacks we've been doing for years, actually is higher this year than it was in 2018 it's not overall going down, it's going up. why is that happening despite several trillion dollars in b bu

you got a great reaction in oracle even though numbers weren't so great. so there is definite places there. just keep your eyes peered because when they come get them then when it will really get squashed and i expect first quarter, not going to be pretty if the big guys join in with the mid-caps and small caps as i have said, been absolutely schwabed. charles: right. meantime, shah, any other bottom-fishing outside of the financials? >> yeah, we're doing some bottom-fishing. likes of paypal is on sale. zoom communications is on sale. there are companies we really like, with good numbers, getting beaten up on the round or try russ variant doesn't make a lot of sense, and they will go a lot higher. in the little swoons, mini swoons, sometimes frightening at times, there are plenty of stalks calming down to levels we really like and more coming because i think we have a little bit more volatility ahead of us because that means more opportunities. charles: interesting with the paypal got a big downgrade this morning. at one point it was only off like a buck o

one of the most important decisions i wrote was called google versus oracle. it took a year to write it and it was about interface programs. i was told it was important. for me it was like learning latin. i do not know how i did that. i am not saying all of these -- i see what they are saying -- i see what they are saying. it is true. a lot of work citing cases are close. >> let us see you have a decision that is 5-4, does one justice go to another justice's chamber and say you should do something different or is it all memos? maybe i can persuade you to my position? does that ever happen? >> most of it is memo. quite a lot can be in the chamber. if i am going into your chamber, i am not going to say your argument is not good. it is not a helpful way to start the conversation. you better be prepared to listen to them. as well as hoping that they will listen to you. you try to see and that is what i learned in the senate. you try to see where is there some common ground. is there common ground enough that you can work with it? ♪ >> let us go back to your earl

oracle shares, there's a little bit of pressure right now. let's get to su keenan with the first word headlines. su: thank you. a smooth exit from crisis mode. it boosted bond buying for the next six months, this to cushion the end of its 2.1 trillion emergency program in march in the face of the euro area, the fastest inflation in decades. now the ecb acknowledged the developing threat of the omicron variant. policymakers retained fleck's ability to the virus. >> -- flexibility to respond to the virus. >> i have said before it is very unlikely that we will raise interest rates in the year 2022. that still stands. su: the bank of england, meanwhile, has unexpectedly raised rates for the first time in three years. it hiked growing costs by 15 basis points 2.25%. governor andrew bailey says an outlook for more persistent inflation was behind this decision. the remark represents a shift in tone to the boe where most prices would temporarily and likely pass in a few months. to mexico now, they have the biggest price hike in five years. officials

well software giant oracle is spending close to $30 billion to acquire an electronic medical records company, oracle's chairman and chief technology officer, larry ellison, announced the company is buying cerner. that company is based in kansas city, missouri. ellison says the acquisition will quote transform healthcare by delivery by providing medical professionals with better information, enabling them to make better treatment decisions resulting in better patient outcomes. the fcc has reached settlements with several phone companies over investigations into failed 911 calls 18 t, verizon and toronto and lumet technologies. will pay a total of $6 million due to failed calls, which happened during network outages in 2020. the companies have also agreed to ensure compliance with the fcc's 911 availability rules moving forward. t mobile agreed to paint $19.5 million last month. cities and states are asking for more help from the feds ahead of president biden's major address on the covid pandemic arm rich edson in washington. i've got the details coming up. plus more pro sports making

. >>> all right, orcle park -- oracle park. this event held virtually last year because of covid-19, national league manageer of the year was in attendance, and this baseball lock out came up. >> as a manager how does it effect you? >> i am going to barcelona and spend time in spain and spend a little time in italy, travel a little bit and drink wine and eat really good food and make sure i am staying connected with the staff. >> you know what i did with my time off? my wife has a scroll. just a few things and then, there i go. dishes, housework, pick up the kids, take them to swim team practice, i can go on and on. we would run into the steven colbert show. >> call it the honey do list? >> yes. [ laughter ] >>and you do it. >> i n'blame her. >> fear the frying pan. >> you learn quickly. quick study. thanks, vern. >>> tonight, a battle over a holiday celebrating the classic movie >>> huge holiday display in southern california bringing joy. >> leaders say this display almost got the homeowner fined. >> check out the bright ligh