the most-watched program in the network's history, but the least watched of this year's debates. the suspected bombing of an ejection -- a russian airliner over egypt is raising security concerns. after a series of drugs and weapons charges, they are making changes. bill ackman is dismissing criticism. ant's raising of prices is immoral. coca-cola joined in, saying his comments are irresponsible. african diamond

went up for auction in geneva. andmost ever paid for a gem auction for a 12 caret diamond. i am cory johnson in for emily chang. coming up, emily sits down with jack ma to talk tech bubbles and competing with amazon. is bigger really better? the new ipad pro. with rising costs and shrinking tax credits, is the son ready to set on the u.s. solar energy? singles day has become the

shopping day. emily chang sat down with ma in beijing to discuss the future of alibaba. >> it is the day we want all the manufacturers, all of the shop owners. we want consumers to have a wonderful day. event itself, the meaning of it is getting such great excitement in china. emily: you said you wanted it to be a global holiday. what is the timeline for that? jack: everything we do, we have a 10 year plan.

2004 -- we judge how much we should do, what we should do to realize our dream. our plan is that in 10 years, we will reach 50% of the revenues. emily: you and i last spoke about ipo day and it has been a bit of a roller coaster for the stock. now it is barely above its ipo price. how do you explain this love-hate relationship investors have with alibaba? jack: they love me, they hate me, but we love them. right? you cannot stop people hating you. care of the stock price in our way. we have to take care of the results, the customers.

because people do not like china's economy, they hate us. people will understand because we're a company. we have 86 years to go to prove ourselves. emily: the chinese economy faces a bumpy ride. many internet companies will fail. what are you most concerned about? economy is good. we grew when china's economy was bad. internet wased the going to grow. we think it is an opportunity for us, when everybody worried about china's economy or the global economy, we think it is

an opportunity. worry does not solve the problems. emily: when you say many internet companies will fail, what do you mean? jack: if they do not change themselves to make the future needs of the internet users. the consumers change so fast, so quickly. it is almost -- it is impossible. ago,we say is, 10 years who had the most success rate in the world? yahoo! we have to worry every day. emily: do you think we are in a bubble? jack: i do not think so. a company like sus makes

billions -- a company like us makes billions of dollars each year, do you call that a bubble? michael and there are investors -- emily: there are investors who are skeptical of alibaba. they are shorting alibaba. they are concerned about accounting. jacqueline that is their right jack: that is their right. if they believe what they do, they should continue to do it. we cannot comment on their strategy. people like you, people hate you. we do the things the customers believe are right. we can never promise everybody is happy. we will do everything to make our customers happy and then our shareholders will be happy. this is our philosophy. the past 10 years.

states is youred biggest potential international market. you are opening a new office there in new york. you have visited the united states several times in the last year. what does alibaba in the united states look like in five years? jack: we are very thankful for the united states. without the american tourists coming to my city, i would never have learned to speak english. say, alibabaople coming to america. compete you going to with ebay? when are you going to compete with amazon? if we go there, we want to help

toll business, helping them china, helping them to asia. such a huge demand from china consumers online. more than 120 million people on their mobile phone shopping our site. we need unique products. years, i want our team --be thankful, to invest help them to grow. them come to china. is also going global. they are focusing on india. you are focusing on russia. went to the world biggest e-commerce companies -- when do the world's biggest e-commerce companies collide? jack: we have a different motto.

they buy and they sell. and we are a platform. we believe every company can beat amazon. if amazon is a great apple, we are an apple tree. a lot of companies like amazon. they are using our payment system. we want to enable every company to be e-commerce. we are not an e-commerce company. i do not think amazon and us will compete. emily: you bought the you tube/netflix of china. you are visiting on china -- hollywood. are we going to see you buy more content to deliver to a chinese

audience? are we going to see you buy a u.s. studio? you -- you could never buy anything in the world. emily: have you tried to buy a studio? jack: no. if they need us, we can really work together. cory: i want to bring in gordon chang. take is.what your you wrote an interesting piece i read online. gordon: a couple of things that are real problems. day you look at singles versus singles day, 54% increase. extremely big numbers, much bigger than cyber monday. a lot of online retailers who are on alibaba's platforms

really just accumulate sales to book them on one day because it helps them in the rankings on alibaba. it is a more important to look at it year-to-year. there is some distortion caused -- cory: the full year versus the day? gordon: there is some mania around the day. cory: the singles day sales did not happen in a day? gordon: online retailers do this because it helps them in their rankings on alibaba. just like they used to print sales, they used to have by sales and then return stuff because they wanted to increase their rankings. this is going to be a problem for alibaba. cory: some of the sales are completely fake?

gordon: absolutely. this was an enormous problem last year. a lesser problem this year. through oneave sold of their platforms, that will be an issue. the other issue that alibaba has not solved, complaint by j.d..com alleging strong-arm tactics. if you want to sell through alibaba, you cannot sell through jd.com. continuedlibaba has those difficult practices and this is going to be something they will not give up. they are a really good company, well-managed, a probably have a better strategy. although alibaba looks bigger

d, they are a thorn in jack ma's side. china sales migrating from bricks and mortar's locations to online. that will continue. the problem for jack ma is that the chinese economy is really in trouble. retail sales, 11.0 percent increase in october, not really. you will have problems there because eventually, alibaba is going to be run down by the problems in the chinese economy. so far, he is staying ahead of them. the problem is he cannot do that for much longer. cory: thank you very much. all thepulled out stops. evening to the great

people of china. i am the 45th president of the united states, frank j underwood. tonight, i want to take a moment to say hello to all of you out there who wish you a happy singles day. if i were allowed to shop on your singles day, i wonder how cheap i could get a new burner phone, for example, because one burner is never really enough. i would order 10. cory: house of cards. more bad blood for theranos. ♪

continues.heranos buying --ent money building clinics that provided theranos tests. theranos responded to the article. emily chang discussed theranos during the latest episode of studio 1.0. take a listen. >> i know elizabeth and i have a lot of respect for her mission. i have stayed out of knowing the details of it. health care is changing and i think people are always going to be really spec -- skeptical and the onus is on us to be transparent. emily: how do you walk that line between protecting your trade secrets and being transparent?

required to have the transparency that people are asking for. that is part of this disconnect that is happening. the fda has put out guidance where they are trying to regulate that whole industry. that will change everything. if that is the type of call the fda is making, it will be good to have the same transparency across all diagnostics. when you are in the middle of a crisis situation, it is hard to evaluate. job, when youa's are executing and when you have more fda approvals, although things will speak to what the reality is. cory: do not miss the full conversation in tonight's studio 1.0 at 9:00 eastern. we will talk to solar city ceo. an interesting company indeed

these days. ♪

cory: solar city seems to have hit a wall last week. companyy-losing solar slashed its guidance and said it was scaling back installation forecast for this year and next year to become cash flow positive. well the new model work? lyndon rive joins me now. let's talk about how your business works. you guys put solar panels on the roof of someone's house and they pay you overtime. the homeowner is leasing those panels from you. lyndon: we go to the customer, they do not pay for the equipment. we pay for the installation. they pay for the energy. we sell them that energy at a

lower rate. save 15% of their energy rates and given the choice of going -- most go clean. cory: i have solar panels on my house, but i own those panels. yours and i go to sell my house, that is a liability? do i have to pay you back? it is not a liability. you have a house that generates electricity at a lower rate. it is an asset. besides we are right now, we have about 20 people move every day. 100% success rate in transferring it.

the obligation to transfer owner.prior what happens as energy prices are falling? lyndon: this is one of the things people don't understand. wholesale energy rates are declining. retail energy rates are increasing. we will be increasing our pricing because retail rates are crude -- increasing. in a most every state, most of the retail rates have increased. california is having a large increase. cory: california is going to go through a change, what they charge a homeowner for connecting their solar panels to the grid. how much will it hurt your installation?

lyndon: the whole policy change right now is something they call net metering. you are allowed to install a solar panel and back feed onto the grid. we are optimistic. the state legislation says the new rules have to provide for a growth market for rooftop solar. we are optimistic the new rules will be positive for the industry. we have one of the best governors in the world, passionate about climate change. your leases are typically 20 years, right? -- many of your customers how many of your customers will sign on for another 10 years at the end of that period? lyndon: i expect most of our

customers to sign up. there will be a price discussion. we will expect to reduce the customer by 10% to keep the customer motivated to sign up. this is not a computer that becomes outdated. cory: but they do degrade over time? lyndon: a small degree. cory: they will not perform as well as -- at the end of 25 years. lyndon: they will still be 65% of your energy needs. at the end, maybe we add a few more panels to get them back to the 80% level. work for a very long time. cory: is there an additional installation cost at the end of the contract?

lyndon: only if the customer has extra energy needs. justi suspect, they will roll over and do an extension and that extension will be at a discount. cory: i really appreciate your time. we will continue to follow. evans.ation with mike we will get beyond singles day. google ask cofounder talking about his latest startup and how it achieved unicorn status today with a $1 billion valuation. ♪

cory: i am cory johnson. it is 6:30 p.m., tuesday in new york. on wednesday.ng

julia. julia: another top official in shanghai is under investigation for corruption. -- he is being investigated for severe violations of party discipline. job.r the shanghai chief has pledged to work with the new government. her party is expected to win by a landslide. it has taken more than 250 of the 498 seats. southeast asia's biggest phone company says strong mobile data growth is helping counter pressures in the second quarter. singtel says strong results in

all markets helped offset beat declines in the aussie dollar. japan's first new passenger plane in more than half a century has completed its maiden voyage. the two biggest in thers are skywest u.s.. cory: not really competition with boeing or airbus. a different level of competition. very interesting for japan to get back into this with mitsubishi. the first time they have debuted a commercial airliner since 1962. they are competing in the smaller regional space.

tos plane will carry up about 92 passengers. japan trying to get him with more people flying. cory: thank you very much. ♪ beside singles day, alibaba is betting big on m&a. 's president mike evans told emily chang success in the u.s. could look different for the company. mike: success in the u.s. looks like different things. putting the largest retailers and the most important brands on our platform to sell our products to china. we have a number of them on the platform today, but there are thousands more which will want to connect to the chinese

consumer. chinese consumer is very interested in high quality brand of products from europe and the u.s. step two is to make sure the platforms in china that sell products from china are performing well and selling high quality products from china into the u.s. consumer. emily: how do you convince u.s. customers to use your website and platforms instead of amazon or ebay? mike: our strategy is not about competing with amazon. less about finding the investment opportunity that is going to be a future competitor with amazon and much more focused on starting to learn about the domestic market. in the u.s., our focus is on big brands and the small businesses that want to connect to the chinese platform, not on the u.s. consumer and finding the

local -- developing a local business. atly: given your background goldman, the stock has been on a roller coaster sense the ipo. -- since the ipo. how do you explain the lack of investor confidence? mike: if you look at the volatility across the sector and many sectors in the markets, stocks go up and down over time and in relation to the short-term news cycle. i do not think there is any evidence of lack of investor confidence. our stock reflects the opportunity that is ahead of it, there will be natural questions about how quickly we can develop the international strategy. as the leader of the international business, that is down to me to execute. how do you respond to investors shorting the stock?

mike: everybody is entitled to their own opinion on any stock. i do not particularly like to comment on the trading strategies of any hedge fund. they all have different strategies and different approaches to the market. some will be right and many will be wrong. emily: what about your own observations and your own experience living in china question mark are you concerned about the economy slowing down? alibaba is very much tied to the future of the chinese consumer. working,pent 21 years living, and building businesses in this country. i think that has given me a perspective of where china has come from and where it is likely to go. i am in a small category of people with confidence about the resilience of the chinese economy.

i think growth will exceed expectations, particularly international investor expectations. the online component of that growth will continue to be strong. we are seeing it today in the performance, in terms of domestic consumption and international interest in this program. emily: alibaba has made two deals a month over the last year, $13 billion, everything from soccer teams to pharmaceuticals to investing in hollywood. what is a coherent strategy? mike: in this sector, e-commerce, where we are per -- approaching 400 million consumers, consumer desire changing dramatically. a big part of our strategy means we have to be positioned with the right investments to satisfy

that demand. if you look at our digital strategy, we have just made a big investment, a critical part of our digital strategy for the chinese consumer. we know what they want and we know where they are heading. -- we know are alibaba, we know jack ma has been visiting hollywood. what are the hollywood ambitions? mike: i do not know what alibaba's hollywood ambitions are. our digital ambition is to provide a wide right of content for the chinese consumer. whether it is music, games, movies. emily: what about something like paypal? mike: i do not know what

regulators will think about anything we do. you should expect our international strategy will have a component of both organic and acquisition and we will continue to evaluate opportunities as they come along. chang and was emily michael evans. gigantic new ipad goes on sale today and sam grobart got his hands on the ipad pro. ♪ the new ipad pro. it is a brilliant 12.9 inch display, weighs 1.5 pounds, and can be used with a keyboard and stylus. none of those details outshine the simple fact that this thing is huge. ♪

this may be hard to convey in a video, but get your hands on a pro-and the sizes almost overwhelming. the larger display means you can enjoy even bigger videos and draw and markup on bigger pages. it changes the idea of an ipad from being a sophisticated viewing device to becoming a much larger digital canvas onto which you can express your imagination. that seems to be the intention. the thing is, i do not know about you, but i use my standard sized ipad for a handful of things. in a pinch, i have used it to write stuff. when i get down to business, i go to my macbook air. the pro can be equipped with the

smart keyboard cover as well as a stylus. coverre the best keyboard and stylus i have encountered. that opinion is only useful to .ou if you like keyboard covers i don't. i like a standard keyboard. as for the stylus, i cannot draw . i do not see that changing anytime soon. that is why i am not jumping up and down about the ipad pro. i do not think i am the intended customer. maybe my colleague is. she is a graphic designer. the customer who is really in apple's sites is a chief technology officer. he or she will go out and buy ipad pros by the hundreds. having successfully con spurred

-- concord the consumer market, apple -- concord the consumer market. cory: check out the shares of angie's list. you can see that stock up a lot in after hours. ♪

acrossities and towns america are marking veterans day with parades and the like, but for disabled that, google.org is lending a hand.

that's in va hospital's -- vets in va hospital's were able to virtually join the parade. airbnb on a charm offensive today. ,hey released a statement defending the positive impact they say the company place. -- plays. they are fighting a ballot measure in san francisco. great to have you on tv. i want to get your perspective --what kind of companies i think it is one set of a

much larger movement of platforms and people who are reinventing. if we think about -- we were just listening to solar city and alibaba, both of those are constructed so all of the deeperes -- it is a much collaboration. solar city is doing all of the heavy lifting and making it easier for homeowners. alibaba, instead of doing everything themselves, like amazon, they are welcoming all of these smaller companies to sell on to their platform. combining of big and small, the advantage of the big guys with , theirarketing muscle big insurance guarantees, and the small entities.

and yet all of these interesting new business models come up with a whole list of headaches. solar city, as long as the solar price can be cheaper than the utility price, this model will work. in some places, the price of power per megawatt is below the price of solar. some of the sellers are creating fake sales. early in are really the process. ebay, they were the first guys to work with lots of small people. the first thing they did after they learned the hard way, ratings and commentaries. when you are working with a youributed group of people,

are not all in control. these are things we can overcome because the upside is so incredible. exponential growth, amazing learning. local adaptation to every single circumstance. cory: when you started with zip car, how are you trying to re-create the model of transfer to -- providing transportation for people? the internet lets you share very specific things easily and wireless was going to make that happen. why we leveraged and succeeded, we made renting a car as easy and convenient as owning your own and for a much cheaper price. much inu have done so transportation.

robin: cars -- transportation is the center of the universe. they do have a good day or not a good day -- did you have a good day or not a good day? it all has to do with the quality and ease with which you get there. it is the center of everyone's life. how long did it take you to get on the subway? i think of your career as an urbanist. but you are focused on the auto mail will, -- the automobile, and anti-urban device. robin: it is true. that was my entry into the transportation as glue market. it is the glue of our lives and holds those pieces together. it is true that -- it is a

curious thing. like problems. problems are opportunities. we have a mono modal, everything is built around the car. the car has a huge number of problems. the average american spends 18% of their income on their cars. monday is paying for your car. i was talking to someone whose mother has had three car accidents and is still allowed to drive. she will not give up her license and we do not test. we need to get away from that one way of getting around and go into a much more diverse way. that will give us all joy and improve our cities. save our money.

chase, the cofounder of zip car. tomorrow, do not miss former ibm executive. later in the hour, investor ron perlman. ♪

the online education platform has just raised $105 million in funding. it is valued at greater than a billion dollars. ceo is on the phone.

i saw you in person in new york city. it is confusing to me. maybe because i have not taken one of your courses. congratulations on the fundraiser, what are you going to do with the money? sebastian: grow. i want to empower everybody. cory: talk to me about success rates. i talked to somebody from general assembly. 90% placement rate within 100 days of graduating. do you keep stats like that? global.n: we are our placement rates are around 40 to 50%.

cory: you are saying general assembly classes are too easy? sebastian: it is a different model. your specifically, who is dream student? sebastian: an aspiring person who just wants to reach for the stars. i invited 50 top students on campus and they all have the same story. they had a job they did not like, they wanted to move to silicon valley. they got these amazing job offers. do you think of structuring your learning offerings around the places where employment is the most difficult? sebastian: we have

entrepreneurship, ios, android, we have some new things. these are things that are the fastest-growing industry. shortage ofuge supply. the idea is to give anybody in the world a chance to learn these things and a chance to have an awesome job. cory: we just put up a slide that shows competitors in the space. to differentiate amongst them, should i be thinking about who the students are or how they are acquired? sebastian: many of our friends work with academia. they do a phenomenal job. and then you have the opposite.

what would it take to get a job at your company? curriculum so people can find a job at places like google and facebook. cory: interesting stuff. cool stuff from sebastian thrun. good to see you twice in two days. that does it for this edition of "bloomberg west." we will see you tomorrow. ♪

♪ announcer: from our studios in new york city, this is charlie rose. mitchum as here, he is a historian, and executive director at random house, his latest book is "destiny and power: the american odyssey of george herbert walker bush." it draws on extensive conversations with the former president, his family and inner circle. offersthe older bush assessments of dick cheney, donald rumsfeld, and even his son. there has been praise. the new york times says the book