good morning. we are not going to jump on the bandwagon. there will be no cheerleading for ali baba? no individual investors will get the stock for $68. all shares have been to the big guys, the institutions and insiders already made their billions. this does not make wall street popular with main street. do you want to buy into a company that is tightly bound to china's ruling communist party? no doubt today's event makes financial history. it ranks up there with the facebook launch and there will be an avalanche of trading. expect big volume and big price moves. we are on it. we will give you every side of the story. "varney and company" is about to begin. ♪ stuart: let's get right at it. jo lin kent covering the ali

baba story from the stock exchange. what are you hearing as far as when it will start trading and at one price. the latest i saw was $90 a share. it keeps on ticking up. you can see it is getting very crowded coin. we expect the first trade to be within 30 minutes time. we did get an indication from the stock exchange, that 30 minute warning but i had an interview with jack ma, and from the very start, in his tiny apartment in china, i asked him about the role of the government inside his company and he says it is about american investors learning how to trust his company because of their performance. he did elaborate on his relationship with the government.

as much as what the government is telling him some things to do he is also giving feedback on what he wants from the government. interesting answer from him. stuart: yes it was. i want to bring in board mcshane who has written extensively on china. come on in, gordon change. you are not jumping on the ali baba bandwagon. ali baba bandwagon. >> no, i am not. stuart: illegal? >> investors are by and to. it is illegal. jack moss himself said he was a legal when he got yahoo! out of their version of paypal. making sure that yahoo! got turfed out of its own company.

two big internet versions and china. that is going to be a problem. the other thing, of course, is that commerce is struggling and china. stuart: you cannot do much in china without that coming up. >> and impressive individual. you have to give it to him. if those -- we have seen this story before with other successful entrepreneurs.

>> western companies are under investigation and china just as ali baba comes and goes public. glascow was found guilty of bribery. china comes here, raises money here and over there, investigating western companies. what do you make of that? >> powerful political enterprises are taking it away from them. where is it listing? it is not listing and china. it is not listing in hong kong. it is coming to china. stuart: it could go for $88-$90 per share.

it will go up. >> sure. the expectations are maybe $100 a share, mainly more. the issue is, you have to remember that jack bought had an ipl under his belt. it tripled on the first day. it was a failed ipo. >> you are not jumping on the bandwagon. thank you very much, indeed. come on in. look, it may be at $91 per

share. the little guy. you are locked in. i think that makes wall street unpopular. >> jeff mom success is dependent on the parties favor. he has been seen in public with them. this is how he is doing this with the party leaders. stuart: hold on a second, why would we assume that the chinese communist party does not want to back the party? >> they are reportedly invested in that. you can celebrate ali baba's success.

you have to be conscious of several things. there are a lot zero? sphere. >> is there any reason why the government should not continue to support. >> it makes a lot of sense. they could be without a moments. this is not the first time it would have happened. stuart: billions and billions of dollars. can you do that?

basically, the chinese government has very little compensation. this would not be the first time that it would have been. >> the chinese economy is slowing. when they cannot do that, they turn against foreigners. stuart: i do not want to rain on this parade. i do not wish to do that. staying in the united kingdom. voters were in record turnout. settled for a generation.

55% voted to remain with the united kingdom. 45% voted for it independent. that vote may be a setback for breakaway movement elsewhere. vendors want to leave italy. i have never heard of that before. the markets are very happy with the scotland vote. they have reached 17,300. the s&p 500 is up by a quarter of a percent. look out oracle, please. the ceo steps down. he founded the company. the stock is down 5%. two ceos will take his place.

home depots data breach is greater than targets. we have more coming up next hour. how does this go unnoticed for five month. $93 a share. the war on isis. on capitol hill last night, the senate gave the president the go-ahead to arm the syrian rubbles fighting isis. british journalist reading from a script pleading for help. the constituency is very close to the mexico border. we will ask him about the risk of terrorist crossing if they have not already. wild cheers from the crowd

waiting. they want the newest iphones. causing traffic jams. there was a traffic jam around apples building. you do not have to wait in line. look at this. there he is. we will be with you in just a moment. ♪

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stuart: do not worry, folks. we are aware of this. it could open and 15 minutes. so incredibly crowded. nicole: this is shaping up to be the largest ipo ever in history.

right now we are looking at an indication of 90-$91. tom farley just walking around. i heard him say something around 40 minutes or so. there is a look at the crowd right now. of course, tons from abroad. what a wild scene it is here today. it is pretty crazy. i think they did a lot of tests over the weekend. if they were to mess this up, they really need to get this

right. they would have been in and index. you are on ali baba watch right now. they want the iphone six and the six plus. it is down $0.09. you will show them to us. >> we are comparing the sizes. this is the iphone six plus. the brand-new iphone. you will notice right away. it is a little heavier.

you will notice the rounded corners on the back. it does not have a sharp edge to it. >> there is no way i will do this and make a phone call. you told me earlier that this is a stand in. >> maybe you need the iphone six plus. this would be your main computer. you are constantly on the road. we could be doing spreadsheets. stuart: it could be the computer.

>> it is a personal computer. apps can now share among apps. >> you sound like you are in love. is there anything that you do not like about this phone? >> i do not think that apple has really taken advantage of the screen real estate. you have this huge screen and you have this little folder. >> it is my job to be picky. it is a large device. it fits nicely in the pocket. the cameras are fantastic.

apple leads the way. apple has quietly done incredible things with their cameras. apple's camera on their phones is fantastic. >> is this a quantum leap from the five. >> you cannot use apple pay in the previous device. i just got a press release from bank of america a few days ago. put your credit cards in. target, walgreens. stuart: you are losing me. i've got a credit card. i want to buy something in store with a credit card. >> it will not be up until october. take a photo.

the credit card company will issue a special 16 digit number just for that transaction. apple does not have access to your information and target won't have access to that. it will light up. >> because the biometrics of being able to use your touch id, it does not matter. that is why we need to move away from plastic.

stuart: check this one. look at the stock price. they make the exoskeleton that helps paralyzed people walk again. we had one yesterday. >> i pressed. and they leaned and they walked. stuart: that gentleman had been paralyzed totally for four years. that is the human side of money. >> it is when i think it is really exciting. >> opening our house or turning our heating system from the

airport. those little things that we just get away from the technology side of it -- stuart: now we are talking. that is really good stuff. thank you very much, indeed. the richest part of this great country is washington, d.c. you can bet a lot about wealth of that wealth is being built off your tax dollars. we will have a live report next. mary kessel responds to this in a moment. tax breaks and california and treated them for his stock. >> you sound like a democrat. ♪ ♪

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stuart: ali baba stock is close to closing. the price range is expected to be 91, $92 per share. this could have been very soon. i want to get to that elon musk tesla the bait. a lot of buzz on the internet. the number of tax breaks that tesla receives.

>> many years ago. not a single dollar of government money. who starts up a rocket ship company? he did it and, of course, he is the ceo of tesla. >> they traded them for advantage for his stock. >> i am so surprised to hear you. you sound like a democrat now. stuart: mary, i am making the point that elon musk created a lot of jobs. i have a problem with a guy that seems to be a creature of tax credits. how about you? >> i have to disagree with liz claman here. he has figured out how to gain

big government. he did it with spacex. he has done it with tesla. they get grants. taxpayer money. they get $7500 federal tax credit for battery operated companies. the water was this nevada deal last week. they don't even have to pay property taxes for a decade. this is the problem with our tax code. they all get in there. if you want a fair tax code, you have to lower and flat in the code.

what is the richest metro area? rich and send joins us. >> this is all the product of my tax dollars. >> it shows more than $90,000 annually. the highest median income in the country. another survey shows the d.c. area has six of the top 10 areas in the county. a well educated workforce. the federal government is also here. that government is here. we do not have any of that individual risk richest towns in the country.

stuart: thank heavens we do not get all of the government that we pay for. >> i used to live near dupont circle in the 90s. i literally had mice in my apartment. you drive by that building today, it is planned new. stuart: the ice this threat. it is turning into a real concern. terrorist could cross into this country. president obama is sitting idle on securing the border. fox and friends host, first, nfl. proof that no matter how much controversy surrounds the sport, people will still watch. then, governor scott walker releasing this ad. find out what is so wrong with

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(agent) i'll walk you guys through every step. there are a lot of buyers for a house like yours.

(husband) that's good to know. stuart: we appear to be very

close. you can see the crowd there looking very expectedly. it is a very quiet crowd. >> we are looking at a range of 92-93. not getting close. that is the men and women. it could change. the demand is very high. the latest is 92-93. what is the volume of orders? i think that is what they are

trying to figure out. the price keeps going up. >> a bunch of different banks working on this deal. we are still seeing 92-93. we are watching some traders. it could be up to 100. we will continue monitoring. stuart: we will get back to you when it happens. the border crisis will get worse. there is a real and serious threat of islamic state terrorists gaining entry into the united states. congressman, it seems to me that president obama is running a huge political risk.

he has failed to secure the border. if these terrorists come across the border, president obama has suffered a grave political problem. make sure that we secure our homeland. keep in mind that all of these undocumented persons that we have in the u.s., 40% of them came through legal permit or visa. >> are you convinced that president obama has done all he can to secure the border and stop potential terrorists walking across into texas?

the terrorists have to get it right just one time. the burden is to make sure it that we secure anyway somebody comes into the u.s. >> the president has not made a major effort. >> you know, i am one of those individuals. i think the president and all of us should do a better job. again, 40% of them came through visa. they have to get it right one time. we have to get it right 100 times. >> the reason he has not moved is because he wants to secure

the hispanic vote. is that it? >> i think even hispanics like myself, we want to have a secure border. stuart: there -- the union, it clearly says there is a serious threat to islamic terrorists just walking across that border. they are saying no. again, we have to be prepared for everything. stuart: i think you have a problem and i think you know it. stuart: that has not been secured by this president.

you would pay a significant political price. >> that is a problem for you. [laughter] stuart: very, very good. thank you for coming on board. you were itching to get involved. >> it is interesting to know that the spanish caucus, not so many days ago, agreed to back off on demand that the president do something on immigration reform. >> you pick democrats like the congressmen. it is all about politics. it is all about getting reelected.

stuart: thank you. collateral damage and president president obama's war on call. more expensive energy. hundreds of thousands of people in to poverty. ♪

♪ stuart: a big day waiting for

aly baba stock to start trading. getting close. $93 is roughly around where it is at the moment. they are already past 44 million shares. it will be a huge day on wall street. stuart: mary kissell, aly baba was political risk. >> great business. hundreds of millions of consumers. the success of the business depended on the party. stuart: that is the political risk. ouch. we will take you right to the exchange. could be around $93 per share. we will be right back. ♪ so now we've turned her toffee into a business.

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who work with regional experts who work with portfolio management experts that's when expertise happens. mfs. because there is no expertise without collaboration. stuart: here is your tech knowledge ease report. it is the iphone six and not iphone six plus hitting the shelves today. that is tim cook, by the way. very limited supply. the stock price is down a fraction. 101. let's get to the president's war on call.

they will indeed raise energy price by 10%. senator of south carolina one joining us now. that is what you found. a war on call. of 10%. 80,000 people in poverty. that is extreme. the last thing you want to see is the choices that they have to make. they rationed their medicine to save money. they will rationed their food to save money. this is not what we need. the reason why when the

president started the conversation about seeing skyrocketing prices we will be inevitable. we can now see that it is completely accurate. we can push back and make sure that they do not go forward. challenging them consistently. stuart: republicans swept and taking control in the senate. would that help your fight against these regulations? >> absolutely. elections have consequences. we will drive 840,000 more americans into poverty under the current administrators plan on the war on call. another 7 million folks will be considered energy and secure.

having a majority in the senate slows down the president's agenda and a very real way. stuart: do you think america feels that coal is a valid source of energy or does america think that it is dirty? >> i think the average person in our country disagrees with the administration. making up their riches country on the earth. we need to do what every other country is doing. find a way to make affordability a major part of the conversation. that is how we supply homes with electricity. we need to make sure that we keep in mind that it does not necessarily include the impact

of what it will have on people living near the poverty line. this war on call will be slipping into poverty. we are still awaiting aly baba stock to start trading. $93 a share. ♪ [ female announcer ] we love our smartphones. and now telcos using hp big data solutions are feeling the love, too. by offering things like on-the-spot data upgrades -- an idea that reduced overcharge complaints by 98%. no matter how fast your business needs to adapt, if hp big data solutions can keep wireless customers smiling,

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that will be here for you now -- and down the road. i have a lifetime of experience. so i know how important that is. stuart: the first trade of the ipl of aly baba. let's be clear what is at stake here. 279 million active users. $300 billion worth of stuff. >> i get warnings and might hear every now and again. there is the first trade. 9339. the trading has begun.

this is a historic moment. >> can you hear me? 9375. you can see that it continues to jump higher here. a huge crowd. you have everybody here. all of the executives are here. 94.44 right when they got the close. it will be interesting to see if it gets to the $100 mark. this is a normal day of volume and we are not even at noon right now. all of the ipos we had as i noted earlier. twitter had 18 million on the

open. you can see all of the cameras going. it is an exciting time here on wall street. stuart: i do not think that you can see it, but i can. 9498 and rising. master volume trading about one couple of them million shares every minute of this month. $95 a share. everybody is looking at this price. aly baba will raise tens of billions of dollars. jack ma worth well over $20 billion as we speak. we are not joining the bandwagon here. it is exciting. that is true. we will put the skeptical side to the argument as well.

>> you read a lot of these aly baba stories. it is true, stuart. you also have to look at these pages and pages of risk. this must have been grossly underpriced. stuart: trying to keep a handle on the prices. shifting a round with quite a lot of volume in trading. it is a 41% jump from the price there. i feel like an auctioneer here. the magic number, which a lot of people are waiting for is $100 per share. i do not want to lose this moment. it is historic. >> you also have to remember that many reporters are very

good in china. they are restricted on who they can talk to. where they can go. remember, the information that you are getting on this is the information that the government is allowing you to have. stuart: i do not wish to be a wet blanket. we are at $97 a share. if you can get firm quotes, look at that, 80 million shares traded already. the price keeps going up. $98 a share. we are having a hard time getting it on the screen for you. look who is here. charlie gasparino. i told you the plant would be 90 on the open.

i do not predict these things, i talked to a lot of people that know what is going on. if this thing did not go over 100, i would be surprised. we could talk about the broad company in a second. tremendous demand from asia. the asian investor which is largely institutions. they will hold the stock. you want to own it. plus, you get, at the open, they did not have a lot of american retailers. at the open, they buy it. they changed the price up. that is what they are doing. the people watching this program right now, they could not buy it

at $68 per share. >> unless you are like a really rich person. we are talking about the 1% of the 1% is. this is a chase. the question is, they should be chasing it appeared. based on everything i know, no. you are not buying stock in the aly baba property. you are buying stock in a based company and the communist party. they are helping this arrangement. as long as they keep pledging that, everything is hunky-dory. what would make them stop pledging it.

wall street would tell you they are not going to do it on this one. why would they screw up a great invention. stuart: why would the chinese government step in and mess it up? i am just telling you, they have done it in the past. it is a whimsical place. who knows what it will happen five years from now. >> let me put on the screen what the jack ma's are doing right now. his ownership is now worth is now worth $19 billion. of course it goes up as the stock price goes up so at $90 a share it is worth $19 billion. >> what does ali baba do? they do a lot of stuff debate

does, a lot of stuff amazon does, a pay system, a suze orman system, they allegedly have a lock on the chinese market place. this is a great company, this guy did a great thing. lots of caveat, so is and run. the corporate structure is crazy. jack ma pledging stuff. if you read the prospective like i did, it comes into the deal, all sorts of risk factors including a whole paragraph on how the chinese government runs the show and whimsical, they don't use the word whimsical but -- it put me to sleep. stuart: i noticed it didn't touch $100 a share, 98 -- i

understand that. jack ma loss $1 billion. see what you did? but essentially you are saying it is a mac's retail investors who are chasing the stock. >> they want to be part of the action. might as well do it. bonds are unattractive one of the ten year is trading at, the checking account, you go and go out on the risk spectrum and you by the cayman islands based revenue pledge to buy jack ma co.. stuart: nicole petallides on the floor of the exchange, you are in a position to paint a picture of excitement. >> $99.70. you were is there in the thick of it, getting a call from the

crack of dawn, how do you encapsulate this? >> extremely proud of the new york stock exchange, this is a huge win for us. competitively globally, all the investor's interests, there was a lot of demand and big banks put in 4 enormous amounts of money. six seven could have taken 20% of the deal. >> what would that be in dallas? >> $27 billion, the whole deal was $21.6 billion, we were looking at $27 billion and the whole thing now, into the calculation. >> talk about relations with china and how you feel this is a new world? >> this caused china to become more competitive. this is a big win for us and the loss. >> i did get a jacket but 9970

from $60 ipo, it is at $93 and change. stuart: you were listening to that exchange. >> she is a good trader. it does not cause them to rethink the structure. if you listen to jo lin kent's interview with jack ma, she had some great questions, did a great job and his answers were very telling. i talked to the chinese government everyday. think about that. he has to talk to the chinese government, it is bad here with the obama administration, that your eyes if your jamie dimon, this is insane. chinese government, the communists are running this? >> that is not new, that has been true for decades.

this guy -- >> i said it before. this guy intended the cn and square, seen in public with party leaders. the introduction to the internet -- >> why as an individual, the wall street journal, why hasn't the wall street journal put that on page one? because we did. in most people, and this is the fault of the mainstream media, as they have noted wt isn this company. >> charlie, and -- >> writing this for years. i learned about -- back in 2009. >> the reason is - stu we w$970ge,

price, you run up from the first trade price from 99 and change, now you are back to the opening price. you had not hit 100. i want to set the scene, this is a historic moment. the biggest moment in american history, selling shares first time. the run-up in the price, and part of the buzz, chasing this thing up. we are giving you the other side of the story, there's a degree of skepticism to be had here. the little guy, we couldn't buy $68 a share, that went to be institutions and insiders, they made billions of the bat, number 2, you are getting the full story about the background of jack ma and this company and its relationship with the chinese

communist party. we are not raining on any parade, simply being honest and skeptical. isn't that right? >> how much money did you lose if you bought it at 99. now we are at 93, hovering right around the diverse trade price. you are the stock guy, tell me the significance of that. how much money did you lose? >> billions. i would say is this. we will find out of chinese institutional investors are by and polls, i they flipping? in terms of those flips, selling -- how bad did the investor gets screwed on this? stuart: this is very important. 120 million shares have been traded in 30 minutes. these are by and told investors.

these are gambling ships on the casino floor. bind at 92 and selling an 9240. stuart: 68, selling it. if you noticed, that is when things cascade down. stuart: i find it exciting. it is fantastic. this is what wall street is all about, creation money and it is happening. >> just from a journalistic standpoint, there is a story of jack ma, how he tweeted it and an open book thing and a story about the price action. >> another set of players, those that the asian institutional investors lose the state and the enterprises, sovereign well funds getting into this, this is political, they agreed to buy a big hunk of ali baba shares in

exchange for investments. this is a very opaque world, those behind-the-scenes and that is an angle, in singapore and others that never -- stuart: a question you may be unable to answer. you are an individual investor, would you buy ali baba stock? $92 a share. >> i am a whimper. that is your reputation. >> is why i don't care about insider-trading, that is the bs crime, not a big deal. if you knew how to play this market, put your self in an s&p 500 funds, you know when janet yellen puts the brakes on and you get out. we will tell you, stuart will be here telling you, you might not -- you make enough money and

that is what you do to go to the mutual-fund for muni bonds. stuart: i want to represent those of our viewers that want a piece of ali baba and are compared to buy it at $19.95 per share, they would buy it right now because it is the next google or the next amazon or whatever it is. they go straight up. google did go up. yahoo! is down 3%. yahoo! owns 25% of ali baba. it is down 3%. explain that to me. >> the nasdaq is down. yahoo! own good chunk of this i

am out of it. what does yahoo! have? it was the purpose, part of the purpose is to take out monetize their investment. here is the thing. what does yahoo! have if they don't have ali baba for the future. it is kind of a lot of questions about this, lot of questions about where they go in terms of not competitive with google. >> the signal to hold on a second. we are on. ali baba all the time, here is the lineup for the rest of the hour. is seeking manuel, architect of obamacare, we are going to stray from yahoo! and ali baba, that guy is there, as each emanual says he hopes he dies at 75 years old. dr. siegel on that one at 12:25

and then home depot, 65 million credit card numbers generally compromise over 5 months period. we have a hacker, why did home depot not act sooner? we are on it all. plus this. coming up, new ad from governor scott walker, why the unions are calling him out for it. brian kilmeade coming up and also -- brian has this. more proof regardless of the controversy will still watch the nfl. the latest poll numbers. and ali baba.

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stuart: this is the story of the day, the month, maybe the year, ali baba goes public, for $92.70. and look at that volume, 132 million shares traded. jack ma, the guy who runs the show, was worth $19 billion one minute, then he is worth $17 million the next. the money is moving today and this is a big story. look at yahoo! briefly, look at

that chart. down it went to the moment ali baba started trading. look at the bug in the bottom right hand corner of the screen. you will see the ali baba stock quoted so you can keep up with that. occasionally we will switch gears and go to something completely different. france makes its first air strike against isis. joining us now congressman mike kaufman, a veteran himself and he says air strikes alone won't do the job. welcome to the program. sorry we got such a short time here because of ali baba day. if airstrikes won't do it do you want to use american power on the ground to go there and kill them? >> the principal question is are we not going to deploy any ground troops? when we talk full deployment of ground troops in terms of being the new element on the ground and doing heavy lifting we ought

to use indigenous forces. stuart: sorry to interrupt. really clear here, you don't want american troops on the ground firing guns in danger. and these indigenous forces advisory, air and logistical support and in doing so we need some folks on the ground, and forward units and quite frankly they will be under fire and we have to respond. stuart: they are in combat. if they are forward deployed, tagging with a laser target for american air power to knock them out. that is a combat mission. you are ok with that, troops on the ground who are firing guns in danger and in combat. >> i don't want to see us be the conventional force on the ground, but if we are going to

say no u.s.. on the ground with forward elements i think it will be a problem in terms of lack of effectiveness of air support, more collateral damage, more friendly fire and casualties and if we effectively deploying our air power we better have u.s. military personnel on the ground with visual on the target directing that support. stuart: that is a clear position and thank you for joining us. i am very sorry it is such a short time. it is ali baba day, what can i say? thank you. back to nicole petallides, do you have an answer on why yahoo! dropped so much when ali baba opened? nicole: i ask the same to the traders and they said jumping out of yahoo! going into ali baba death forget yahoo! has 20% stake in ali baba. yahoo! has been running nothing to this ipo. stocks on yesterday's close up

10% this for the month of september so now people who were buying yahoo! so they did have a piece of ali baba could sell their stocks and the other thing is their stake of 22% will be reduced to 16%. not sure if that is actually today but yahoo! has 22% down 16% so those two reasons people may have jumped out. >> thank you very much. show me the big board because it seems to me ali baba sucks all the oxygen out of wall street, getting all the attention and all the money. dow industrials were up 40, 50, 60 points and pretty much stable at that point. ali baba right now at the price that it opened at this morning. the first rate and $92.70. not just where we are now but

slightly below that, $92.60. and others say the thing is stabilized, it has for 20 minutes that this won't be a stable marketplace for the rest of the day. $92.40 as we speak. brian kilmeade is here. want to talk football, sponsors, not leaving the nfl and new numbers show fans are not leaving. 86% of fans say they will not change their viewing habits in light of the scandals. i am not surprised by this, are you? >> if you knuckleheads, a guy who seemed to be on the wrong side of the models of america from watching football? football is more than this generation of players of the past generation of players, the game belongs to america, the players are stewards until they retire because these guys go out and do horrible things to win and more children we are supposed to give up our weekends, our passion, not use our season tickets, makes total sense to me. at 3:00 they will address the

problems which is interesting. roger goodell just called a press conference at which time no one knows what he will mention. some expect him to talk about mandatory domestic abuse education throughout the league and even child abuse education throughout the league, something proactive. those who say he will resign don't hold your breath. i don't think he should, i don't think he will. >> the nfl may have weathered the financial storm because the sponsors are talking with a loud voice, not taking their money off the table. may be the nfl has weathered the storm. i didn't know about this press conference. >> my sources said if you want to know why adrian peterson is not playing for the vikings this weekend and why they reversed course on monday changing to tuesday it is because -- anheuser-busch came out and said 49 words, a huge problem to handling this and that sent a message because it is

$1.1 billion contract and that changed things. stuart: they speak, everybody listens but they don't move the money unless they are not listened to. that is the point. here is what else we are talking about today. seat emanual, the architect of obamacare says he doesn't want to live past 75 years old. we will explain that. dr. siegel is here. ali baba, $92.74 right now. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day.

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minutes it has been stable right around $92 a share, exactly the first trade price, 40 minutes ago. watch that bud if you want to follow ali baba day. the jetblue flight, engine problems, emergency landing, the cabin filled with smoke. look at this. listen to one of the passengers from the plane. >> i want to commend jetblue. the pilot's a great job keeping everybody calm. >> i am happy to be alive. stuart: i have never been on a plane where the oxygen masks came down. >> let's hope never happens but i will say this. the key to that situation is not in your script that i will be short, the pilot was so calm. the engine flown, fine, it will go back, no big deal. if you said you won't believe the bad news i have, that is a problem. stuart: a good way of communicating a problem. 140 passengers, five crew

members, they all got safely, evacuate intact. remember zeke emanual, architect of obamacare? writing in the atlantic he makes his case for dying at 75. listen to is this. this is what he wrote. here is the simple truth many of us resist. living too long is also a loss. it renders many of us if not disabled, faltering and declining. statement may not be worse than death but deprive the. we are no longer remembered as vibrant and engage but as feeble, in effect will, even pathetic. can you believe the guy wrote that? this is the architect of obamacare. >> contributing it all by 75. tell that could kissinger, he is still 91 with world peace at his fingertips. stuart: tell that to ziti manual when he is 74 years old. charles: i am not here to defend the guy but i am here to attests

to the personal health of brian kilmeade and stuart varney. stuart: that looked to me like a mandate for suicide, assisted suicide. >> he has something called life years he has written about for many years and you will like this even less. life years mean the younger you are the more we should take care of you. the more your life is worth essentials any underage because you are healthier so we got to preserve the health of our children over the health of the elderly and spend our medical resources taking care of our younger people. 1-third of all health expenditures occur in the last few months of life. he thinks in the united states of america will wasting money taking care of people who won't get better. your grandfather. stuart: is he actually saying i get to 75 by mold and week,

shoot me? >> i have read a lot of his stuff. you say in your life is less valuable because you are feeble, stopped eating your salmon. exercise lot lose some people don't. >> how old is he? >> he is not 70. stuart: when is he -- >> 70. >> we will see what happens at 75 and how much he wants 76 lose some of the most interesting introspective savvy people i ever met are over 75. it is unbelievable. >> i want to add a medical point i never thought of until this minute because brian inspires me. you know what it is? what if i pull somebody out of the woods? and he is ready to write them off. you forward these pot holes much easier with old age so somebody has a heart attack or stroke but yet they make it, just make it and they may sail for the next five or ten years. stuart: who makes the judgment? time for you to leave?

>> in great britain they make a judgment for you. stuart: that is called death panel. charles: you die in the waiting room. >> he knows what i mean. you can't get the dialysis unit after a while. >> pcs un a dollar sign. that is the sad part of it and essentially how dare you hold on to life? how dare you try to fix your bad ankle or your problem shoulder. >> you are younger than him, you should probably take over. stuart: put it on the screen, please be at the first trade was made at $92.70. it went tonight $9 change. it has come back to 91 and small change. 91 on alibaba. biggest ipo inup next, a bowl a.

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stuart: let's go back to alibaba. you are first, or you bullish on alibaba? >> i am bullish on yahoo because of alibaba. i don't just chinese stocks. there is absolutely no recourse. i don't trust chinese stock. with yahoo have a 16% stake they get $18 billion in cash. it is trading $42 billion market cap right now meanin meeting yoe getting yahoo for free. the way is to play it by buying yahoo.

stuart: you are the bear, would you sell rights now? >> yes, i would not buy it here. i had had gotten shares of the ipo i would have already sold them. there is way much growth already priced in. they already get four out of every five online dollars spent in china. you have to see a big move up in the chinese consumer, it is just not going to happen anytime soon. stuart: it was being chased until about a half hour ago, it up and $92.70, went to $99.70, around $90 per share. it is holding at that level. what does that tell you, tom, about the trading nature so far? >> it tells me really it is sort of an overhyped stock at this point. ipo price wa is probably pretty fair but way too much retail money piling into this thing after the issue.

the cashier asked the coffee shop asks me if i could get her alibaba. buying the thing in the 90s, it is way too retro valuation, you will see this comment draws the afternoon and early next week. stuart: explain why you would play this throw yahoo. >> alibaba trading $92, about $230 billion market cap so that stake right now is worth more than all of yahoo market cap combined, which means you're getting yahoo for free. this was the greatest tech investment in silicon valley they put a billion dollars into the company. they are now getting a worth of $45 billion in return. yahoo only valued $42 billion. i think she takes this 16 but he was in cash and makes an

acquisition and it will make the acquisition. stuart: a ball and a bear looking at the situation. thank you for joining us. the stock is now at $90.30 per share, pretty stable to slightly lower for the last half hour. we didn't get that spike after the initial trade, never touched 100, now we are at 90.30. wisconsin governor scott walker facing tough criticism from democrats over this new political ad, roll it. >> we cut taxes, eliminated the deficit, created 100,000 jobs. my opponent criticizes the come back, she wants to under the performance. instead, let's keep moving wisconsin forward.

stuart: they said governor walker violated osha regulations, did not wear a helmet and unapproved ladder. >> i said what kind of a message is that to the children who love today calls above their head and wants to get out with the wrong letter and without a helmet? i think it is great because they dugout, scott walker wanted to avoid all these jobs but not as much as he promised. stuart: you have to explain you were being sarcastic. the criticism from the left was ridiculous. >> everybody is being sarcastic. that is unbelievable. i picked up kids and brought them to a drive through, kid wasn't buckled in, i got all these e-mails how could you bring a child not buckled and even if it is for tv. nobody is looking to the

governor for safety and how to get out of a hole in the right way. did i help or no? stuart: we understand you are a sarcastic kind of guy on location. >> the situation warrants. i feel that is my role. i would storm out of myself if i could. stuart: up next, jeff flock, a story you are going to like. a wounded warrior, surprised with a brand-new house, just wait until we see his reaction. it is next. and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting

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nicole: i am nicole petallides with your fox business brief. the dow up 17,297. we have had hav heavy volume hee today. the s&p and nasdaq pulling back after they hit record levels earlier. hitting some highs today, home depot and other sped home depot still working on the investigation into the 56 million cars that may have been compromised by saying it is no longer a problem, just a turbine company looking at a bed from the siemens company. you woke up this morning and

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>> what happened on wall street today, army specialist, in 2011 in afghanistan stepped on 33 pounds of explosives, lost his left leg and today america in the form of one of the nation's biggest homebuilders gave back a small token of its thanks. today he got presented to him especially built house that will meet his needs. he lost in left leg, other medical issues, he has a wife, eight-year-old son and it is his lifelong dream. i spoke to him moments after he was surprised of just about an hour ago.

>> for it to be given to me as weird. i felt little undeserving of it to be honest goo. for it to be given to me is weird. >> i would say, stuart, and i think you would agree with me, this was not given to him, he paid a price for this house but none of us would be willing to pay. he will have a little bit of something to show for his effort. stuart: when he drove up, he wasn't expecting to be given the house, what was he expecting? >> he had applied for it, they have given away now 30 homes to veterans, instead actually have owned of getting the house. leave you with a picture of the

end his family, he and his wife. he has a autistic, young autistc son, that is an american hero right there. stuart: that is a great story, a truly great story. we will abandon alibaba for that. we will take that any day. got it. thank you very much, indeed, sir. alibaba if you watch the bottom hand corner of your screen now at $90 per share. that is where it has been now for the better part of an hour despite the fact you have i think summer in the region of 200 million shares traded, $90 per share. you are not getting married had the nation's marriage rate the lowest since 1920 hitting just 50% last year. this is a big economic story,

these youngsters are not get married. >> don't you think it has a lot to do with the fact your life is a little slower if you are hitting it big and going strong you are more apt to say i'm going to make the next step, but if you are still in your parents house, if you are looking to student loan debt, think let's find somebody with equal debt with equal ambivalence and let's combine the debt into an apartment we can't afford. that does not make me want to tune in at 8:00 at night on channel seven. stuart: i think it is the the kind of tradition and longevity of human life being extended all the time. >> you think he lived so long i have 10, 15 years before i have to get married? stuart: i am kind of arguing against myself here. life expectancy is almost 80 years for american females. i think that means we will change the institution of

marriage. it will not be one marriage that lasts for 60, 70 years, it might be two or three marriages. you are laughing now.e in the b, children in the middle and a marriage for old age at the end. >> how would you like to be my first wife? i would like you to sign this contract and if you can reach the salary cap i may have to put you on waivers after five years. so romantic. stuart: and you are at a cocktail party and it is your wife, this is my first wife. >> we have two more years together and then look for other people. we will keep in touch though. >> you brought up the first marriage thing, have to explain it. up next, something i rarely do

admit i may have been wrong. liz claman is here. we will put a bow on the tesla tax break fight next. your 16-year-old daughter

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stuart: alibaba now and dollars per share, it hit 99.

now back down to $98 per share. times change. you missed it earlier this week, liz claman and i got into kind of an argument over what i'm calling elon musk addiction to tax breaks. listen to what some of our other guests this week had to say about that debate. >> that is contrary to good economics, it is just plain wrong when the taxpayers subsidize a business for coming in. >> i've asked about that point blank and said how would you fair without those subsidies and he said i would do just fine. i would still have the factories i have and it is there and cheapen the government is giving it to me, so i wouldn't i take it? >> he has figured out how to gain big government, he has done it with tesla. think about the brakes tesla get, millions selling these tax credit as you said.

stuart: there you have it. i think you won the debate but elon musk is addicted to tax breaks and this company would not be the company it is without them. >> it was founded in 2002 with elon musk own money. he said do you want to know how to make 100 million in the space industry? he cofounded paypal, 100 million of it trying to start up space x, but if you're looking to tax subsidies, look at the railroad industry, look at the airline industry or big oil, a lot of these companies would have a lot of trouble doing the business they do without public-private partnerships. ronald reagan did it, george bush in 2007 started the

electric vehicle tax subsidies. stuart: why do i feel like i'm being beaten over the head by elon musk and backed into a corner? >> cannot believe the way she stated her argument and stated her case this is a knockout drag out. congratulations, i would like to hang out. stuart: we're out of time, but that was a good debate. more on alibaba next.

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you if you did not know by now, today is allie baba dave. 19 billion about an hour ago. since then, the stock has come down and it is worth 16 billion.

deirdre bolton is next. deirdre: picking up right where you left off. you can see right there how the stock is trading. he launched this company 15 years ago with a vision of taking the business beyond china. at its opening price of 92.70, market cap was around $28 billion. jo ling kent spoke with -- earlier on the show. >> that is not your money. deirdre: you just heard him say it is not your