John Tucker

Investors are worried this is an area that can be replaced by AI.

Well, the San Francisco company's shares, they're down about 27% this year alongside competitors like Intuit, Workday, and ServiceNow.

CEO Mark Benioff isn't about to roll over.

He tells investors Salesforce has its own AI tools.

As he puts it, if there's a SaaS-pocalypse, it may be eaten by Sasquatch.

I'm John Tucker, Bloomberg Radio.

Good morning, Karen.

Companies in the S&P 500 grew earnings by 13% in the fourth quarter.

That's almost six percentage points better than expected.

They also served up optimism about the coming year with a majority raising their guidance.

Yet the S&P 500 is tied for the worst performance during earnings in the past 10 quarters.

The results have been solid, but uncertainty around elements like artificial intelligence, private credit, and tariffs have dampened multiples that investors have been willing to pay for sectors like software and fintech.

Now, while sectors like industrials and energy, they've gotten higher multiples.

Remember, those areas do not have as large a weighting in the various indexes.

In New York, I'm John Tucker, Bloomberg Radio.

Good morning, Karen.

Yeah, it's going to be days before we dig out from the blizzard of 26.

After three canceled flights, this man spoke for many.

More than 11,000 flights have been grounded through today.

More than 500,000 homes and businesses without power as of late yesterday.