ali baba has picked the new york stock exchange for its ipo. it is the first major tech company to opt for the new york stock exchange instead of the nasdaq. the nasdaq still facing problems from the facebook ipo. they will be listed as baba. leslie, what is the buzz about this deal? >> for a long time, they would be rumored to go for the new york stock exchange. you saw both making many many trips over to china to pitch this company. this is a hallmark deal for them. they could raise as much as $26 billion. the biggest deal ever in the u.s. this is a very competitive thing. for the nyse, traditionally not the home of tech companies. this is a big deal. >> the listing fees are no joke. that seems to be a big source of income. >> this is a decent source of income but it is much more of a marketing event. you saw the exchange shares move slightly on this news that not enough that the listing decision could make a big difference for their bottom line. that said, it is a marketing thing. if twitter lists on the new york stock exchange, both of them

so despite losing alibaba, and when they price, that's going to put the new york stock exchange a littlehey're going to come back with more. then i looked at the stock performance -- liz: ah! >> this is where you get kind of the, i mean, they are cleaning up. and because of what they're doing with the tech ipos and ipos in general, investors are basically buying the stock. liz: right. and when we had bob greifeld in davos, the head of the nasdaq, what did he tell you? >> there we go. now, those are total ipos. look at that. liz: that's exactly, he said watch, watch, liz, watch, fox business viewers, and then you would have known, everyone, to look at both of the stocks and pick the one you thought would be best. >> okay. so one of the things we like to do here is give you the story behind the story. that's why we're showing this regarding the nasdaq. a lot of people are trying to write bob greifeld's epitaph. i would say quite the contrary. here's what i know from sources that, you know, analysts, head hunters who deal with people directly at the new york stock exchange. bob greifeld is

transacts with another order, in other words, a buyer and seller meet that dark pool, unlike the new york stock exchange and the nasdaq, that doesn't hit the tape. if it doesn't hit the new york stock exchange and nasdaq tape, when they do the trade, somebody's paying a fine. in dark pools they can hide it and that's one of the really nefarious things that is bad about this. >> that's the complaint about markets. >> that's why they are going to bust them up. >> why do you buy barclay's? >> no. >> why? >> so many friends are still left there but the senior people, heads of equity, one of the people in the chairman's office, barry knapp, the strategist, everybody is leaving the place. the personality of the place is terrible. >> not because of this but other stuff. >> it's an oppressive culture. >> combination of all it. >> ves very rare that you see a european company come in that can run a u.s. investment bank because of the personalities and the culture. >> and they are lucky, michelle, it's schneiderman saying this is fraud because he said it 29 times in the indictment, that this is fraud. if that wer

jeff sprecher, head of new york stock exchange, bought the new york stock exchange as, when he was head of ice. what does he do with the new york stock exchange in a couple years? i will say this. i speak to a lot of people that know sprecher. everyone says he will somehow get rid of the new york stock exchange in the next year. he doesn't like the listings business. what he likes is the derivatives and futures business. and this is a guy that does not like floor traders and the show. he wants to do something else. and look for it. what is interesting here, is that you could see the nasdaq being a natural buyer. not now. but at some point. take act of congress too. different administration. different doj but it could happen. melissa: simon? >> i will be very interesting. getting anything through congress now will be very -- >> not now. >> my thing about alibaba going back to them, i'm not so excited about them but i think what the pressure is going to be obviously on ebay and amazon. that, sr. we this give them competition like they have never had before you. >> think they might switch

the new york stock exchange gets rid of all the bad stuff that's going on. e. but if the new york stock exchange caves and says we will, not only will we buy you, but we'll get rid of all the high frequency traders who are in the place, no longer giving them preferential access, you'll be the new york stock exchange, it's easy to imagine exchanges folding, all the businesses going onto the new york stock exchange, and we kind of two back to the way the market was structured ages ago. but without human beings in the middle of it. without the investment orders passing through hands at all. just buyers and sellers just meeting. so that is, that is the natural solution. >> so i think you kind of just touched on this a little bit, you know, before i decided to come up here, but i me question was doing to be i need x. i guess up until now how successful have you been at doing that they're trying to do? i don't know if there's other exchanges, but -- how successful have they been so far? >> well, if you talk to investors whose orders are being directed on the exchan

my name is tom farley and i am the president of the new york stock exchange. i have been in the business of running exchanges for most of my career. as market operators, we have come to the view that the u.s. equities market is highly fragmented, making it overly complex and opaque. the regulations and structures in place today in scent of eyes participants to make it more zemplex and -- incentivi participants to make it more complex and opaque. as the dominant rule setting the boundaries of equity market structure, regulation set out to accomplish several objectives. the first was to increase competition among markets and among orders. excellentrule did an job of increasing competition among markets, we believe competition of orders has been severely damaged, particularly in recent years due to the record level of off exchange trading and increased levels of order fragmentation. week, off exchange trading reached a record high of 40.5% across all regulation. taking a risk to establish the national best bid offer,r -- bidder brokers decided to execute the the

minutes ago because it was now confirmed, as you heard from simon, ali baba is choosing the new york stock exchange saying we part at a timed in a comprehensive process and pleased to welcome ali baba to a new york stock exchange. this was a very, very hard-fought battle for a gigantic perhaps the biggest ip opt of them all. we doe dochbts knn't know the s. symbol baba. big victory for the new york stock exchange. we have an ipo, no, not gopro, it's service master. they priced 35 million shares. $17. trading above that. a little below expectations, but you can see it's above that. hole furnishing stocks having an ugly day. her man miller hurt by a price increase. and the suit the new york attorney general brought against barclay, all european bhanks are down. they all have dark pools themselves or internalizers like ups. ba. and "wall street journal" reporting u.s. banks with dark pools, also are down side.and " reporting u.s. banks with dark pools, also are down side. >> definitely an exciting day here at the nasdaq. go sd gopro has traded over 32 million shares already. experts say much more than

the new york stock exchange has history on its sign. if alibaba was looking forward to old -- for the old place list in the united states, i guess perhaps that could have been one of the elements that put them over the edge. in terms of the business, what kind of things really jump out at you? up onterms of finishing this, part of the reason we are seeing the big tech guys is because of how long companies stay private and how big they are. that has changed. when guys are making it to the ipo stage, they have been private 8, 15 years. they are enormous with multibillion dollar revenue streams in many cases. what we are look for in alibaba is a gross topline revenue and keeping some of the best in class margins, which are high margins, which is part of the reason we expect them to become public at or above $155 billion. government'se concerns concern you? is trying toer talk about they are a caymans island company, managed by hong kong. it is not a straight listing like with a u.s. company. >> obviously it is a big deal. which hasructure,

i don't want to talk about football, so i will talk about tech. -- pickeds picked up the new york stock exchangee the largest ever an initial public listing in u.s. history. let's go to hong kong for more. >> this is a key victory for the new york stock exchange, the 222-year-old board. it is a key below for rival nasdaq. hastech heavy index that seen challenges as of late, particularly with its face was -- facebook listing in recent years. the new york stock exchange and power ahead despite its age and woo top technology listings. jack ma gets a prime position. it is the third biggest tech stock on the nyse. it may be an historic ipo. it may raise as much as $20 billion. the company is valued at 160 billion dollars, according to some estimates. people familiar with the matter tell us it is likely to be an auspicious date in the calendar, august 8. eight is a lucky number in china. baba. ba in mandarin is the number eight. , double happiness," if it does happen on the states. if there is any kind of market disruption that would slow the deal, it may be pushed back to september. a key move for al

traders at the new york stock exchange, cme group and the nymex.out how iraq is playing into the psychology, but what was, was it the better than expected existing home sales? >> inflation. inflation will be the new buzz word for the entire marketplace both equity and bonds for quite a while. it goes back to the federal reserve that gave us the indication in that last meeting with janet yellen that they will be able to endure that little whiff of inflation we just got, that they're not willing to panic just because they're seeing inflation. as a matter of fact, they're hopeful that they continue to see it. liz: but then let me just jump in here. >> sure. liz: when inflation starts to rear its head, unlike other moves to the upside in certain financial areas, doesn't it move really quickly, faster than people can almost catch it and deal with it? >> well, the fed is telling you they have their hands firmly on the wheel and the gas pedal, the question is whether or not this art form they'll be able to execute properly under janet yellen. i give it th

nicole petallides on the new york stock exchange, what are you hearing? a, moments ago gm shares are halting because that is where it is traded. there is a huge crowd of traders standing right there. it was new spending, traders speculating it was a recall. it seems to be in fact about safety recalls. we heard from ken feinberg talking about compensation for victims of the failed airbags that had died or harmed during accidents, but it looks like the traders are still waiting for the stock to reopen. 6.7 million vehicles. it was not heavy volume on the stock. really the stock has minimal move about a half a percent prior to being halted without a heavy volume we sometimes see building up. trading in a narrow range. with yet another recall of over 20 million recalls this year. melissa: neil cavuto will have that interview with ken feinberg coming up later on the network. the conflict in iraq take a critical turn as militants declare the creation of a formal is atomic state. the head of the game on this one, the possibility on friday's show. >> they have don

we are live from the new york stock exchange. carl quintanilla has the day off. let's give you a quick look at futures, shall we? we are looking at a higher open after, of course, a difficult day yesterday. largely on fears of geopolitical on the left which showed itself in the price of oil which we'll get to in a moment. we do like to start off with no deal, one of my favorites, of course, i always like to point o out. france is 1.71% and italy is 2.799%. that's what you get for lend your money to the u.s. government for ten years. how about those oil prices, though? that's the story over the last couple of days as we watch iraq perhaps split into three different sections, civil war raging. there is a look at wti and brent crude as of this morning. let's get to our road map this morning, as well. we start with the markets. a lot to contend with trying to regain ground.

first of all, i might earn my living on the there are of the new york stock exchange. i have to be able to execute anywhere. i have to be agnostic with all of this. a, the nasdaq facebook really hurt the nasdaq as far as perception. i don't think alibaba would have listed it on the new york stock exchange if facebook didn't have it. >> i think what we are seeing first of all, one of the things we said is companies are diversifying. this is the name of the game. i think it's good for both exchanges. if you look at where nasdaq has come from and the last quarter results, this is a company that certainly has continued to grow earnings and is competing in this space. i don't think it's devastating. it's a sentiment play. >> we should know stock wise the nasdaq is ahead over the past 12 months over the owner. >> i think it will continue on the tra jekory. a lot of things are going up for the nasdaq the things that tim my mentionled plus there is the potential for them to sort of part it off on the london stock exchange. it has been out there dwight some time. if you sell th

its shares jump after hours. >>> and the new york stock exchange wins the battle for allibaba in whated to be the biggest ipo take ever. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. if you're just tuning in, good morning and thanks for joining us here on the program. let me show you how markets are faring ahead of the u.s. open today. a little bit challenging is the picture across the boards on futures. it follows after a somewhat difficult session for many of these indices. we had the consumer spending numbers less than forecast. the selling them was compounded by the fed official james bullard talking about the prospects of interest rates rising by the end of the first quarter next year. so the sell-off that took place yesterday, expected to continue today. but so far, european markets have been tracking in positive territory. trying for a positive handover for your session. we are pealing up from the highs on the periphery. we were up just over .5% on italy. still gains across, a little bit off the 0.2 levels we had on the xe

>>dales. >> coming up, jim cramer from the new york stock exchange. cramer from the new york stock exchange. mes >>dales. >> coming up, jim cramer from the new york stock exchange. es. >>dales. >> coming up, jim cramer from the new york stock exchange. s. >>dales. >> coming up, jim cramer from the new york stock exchange. . >>dales. >> coming up, jim cramer from the new york stock exchange. >>dales. >> coming up, jim cramer from the new york stock exchange. >>d. >> coming up, jim cramer from the new ydales. >> coming up, jim cramer from the new york stock exchange. and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> welcome back to "squawk box." the fda is delaying a decision on orexigen's obesity drug by three months. the shares plunging on the news. the fda rejected the drug in 2011. let's get down to the new york stock exchange where jim cramer joins us now. we have talked martin franklin into partnering up with sorkin and me and doing like a -- >> and becky. >> becky was not -- we have

jill wagner is at the new york stock exchange with that and more. ning, jill. >> good morning. new reports out on gas taxes. aaa found 52% of americans say they pay higher fuel taxes if it meant better roads, bridges and mass transit systems. 68% of americans believe the federal government should increase spending on infrastructure. >>> asian stocks were missed despite profit making. the nikkei gained 1%. here on wall street, the string of record highs and improving economic numbers could send stocks higher. the dow road 18 points to another record high. the s&p 500 was up one, also a new record and the nasdaq increased 14 points. >>> president obama is expanding the program to help students paying back federal college loans. under an order he signed yesterday, all students only have to pay up to 10% of their income for the loans. after 20 years of making payments, any remaining balance would be forgiven. the president is supporting legislation that could save 25 million borrowers up to $2,000 each other the life of their loan. >>> the e-3 convention

the president of the new york stock exchange group of new york. joseph, chief executive officer of the global markets and the i hope i'm pronouncing that correctly, the principles and the head of the global group at the vanguard group in pennsylvania and the senior vice president at td ameritrade in omaha nebraska. we appreciate all of you being here today. under the rules as i think that you heard all of the witnesses are required to be sworn in, so we would ask you to please stand and raise your right hand. >> the testimony that you are about to give kobe the whole truth and nothing but the truth, so help you god? thank you and we will use the timing system before the light comes on you will see the light changed from green to yellow giving you an opportunity to include your remarks and your written testimony will be printed in the record in its empire tp is limited to more than five minutes. we are going to have you go first. thank you for being with us. >> mr. chairman, senator johnson, we appreciate your interest in the regulatory structure o

a blow to the nasdaq because they already lost 22 tech ipos to the new york stock exchange last year.f you look at the nasdaq, this was an exchange that built its reputation on hosting tech ipos in the 1980's and 1990's. it seems that they are losing some of their ad and that the new york stock exchange is chipping away at its lead. ever since the facebook ipo botch. for a company like alibaba, they naturally have a huge influence on these exchanges, even in hong kong. after the hong kong stock exchange pass on the opportunity to list alibaba, the government sent out a proposal saying that the city should revisit its one share, one vote structure to house ipos from all over the world. whether that will happen still depends, but hong kong has not managed to host an ipo over 4 million u.s. dollars ever since 2010. ramin stays with us. let's talk a little bit about the theme of your book read -- of your book. what you are suggesting is that people should invest in volatility. on a day when many retail investors might be holding their hands up and saying, dark pools, what happened to the

summary from the new york stock exchange, right? >> that's exactly right. g underway. starting with the second panel with that testimony. a very different perspective. hearing from the new york stock exchange and we are hearing from rade and vanguard. it is not a unilateral panel in terms of what we are hearing. written testimony from the new york stock exchange, we're hearing a lot of openness to the idea that there are conflicts that need to be addressed that are hurting the public markets as well as the individual investor. a leader andbe support some of the changes. the representative from bats saying the market as it is right now is the fairest and most liquid in the world. ding the status quo more. we are seeing differences of opinion not just with lawmakers but also on the panel. >> absolutely. grossld be a overstatement to say that commercial interests are aligned . the new york stock exchange at war with bats. they do not know how they feel about the payment for order flow ameritrade is-- td getting. i doubt the panel will come up with an easy answe

jill wagner at the new york stock exchange, thank you, jill. >>> when we return, new jersey governorhris christie like you've never seen him before. this is the "cbs morning news." . this is the "cbs morning news." padvil pm gives you the healingu at nsleep you need, it. helping you fall asleep and stay asleep so your body can heal as you rest. advil pm. for a healing night's sleep. and a report from the n-t-s coming out today.. what we' expecting to learn about the asiana crash last july at s. missing e-mails, computer crashes, obstruction of investigations. coming up, accusations fly at a late n hearing into i-r-s miscondu. join us for kpix 5 news this morning... beginning at 4:3 good morning. it's tuesday, june 24th. i',,,, >>> here's a look at today's forecast in some cities around the country. >>> team usa's dramatic tie with portugal in the world cup was one of the most watched soccer games in u.s. history. nearly 25 million people tuned into the 2-2 draw on sunday. meanwhile, mexico moved on, captain rafael marquez kicked off a scoring surge in the 72nd minute against croatia.

traders at the new york stock exchange, cme group and the nymex. we have the s&p higher, gm got halted suddenly reverted in and out of positive territory, do we see the 23rd record today? >> this will be the fourth straight year with the positive gains for the first half of the year, so that is certainly bullish. we have bonds, commodities and currency the first six months. pretty interesting with these rally in tandem. i don't think you can be as optimistic over the next few months. none of these are really price related except for the fact look at the sentiment, season i remains a concern. now you are seeing negative divergence for prices trying to go higher but momentum fails to follow. these are all concerns people should look oh four thinking equities are likely on borrowed time. every race talking gm, stock has been up 10% since april. it looks like the stock has been stabilizing and has done quite well. from a glass half-full perspective. liz: really the index has outpaced individual stock picking if you just buy the aggregate, this is the b

my name is tom farley and i'm the president of the new york stock exchange. i have been in the business of running exchanges for most of my career, including as president and coo of vice futures u.s., formerly the new york board of trade. as market operators, we have come to the view that the u.s. equities market is highly fragmented, making it overly complex and opaque. the regulations and structures in place today incentivize participants to make it more complex and more opaque. numerous surveys have shown that this structure does not contribute to investor confidence or high systems reliability. as the dominant rule setting the boundaries of equity market structure, regulation set out to accomplish several objectives. the first was to increase competition among markets and among orders. while the rule did an excellent job increasing competition among markets, we believe competition of orders has been severely damaged. particularly in recent years due to the record level of off exchange trading and increased levels of order fragmentation. in fact, just last

jill wagner is at the new york stock exchange with that and more.od morning, jill. >> good morning, anne-marie. gopro's small cameras were a hit and now a hit with investors. >> three, two, one -- >> on the first day of trading on the nasdaq for gopro, shares went up more than 30%. the company raised $427 million. in one of the largest consumer public initial offerings on records. >>> giant alley ba bay has made its choice for an ipo. it handles more than 80% of online retail transactions in china. alibaba is expected to go public in late summer or early fall. >>> here on wall street, investors today still may be worried about rising interest rates as soon as next year. the dow lost 21 points thursday. the nasdaq was down a fraction. the s&p fell two points. >>> the new harvard report paints a bleak picture of the nation's housing costs. it found fewer americans owned homes than before the housing bubble burst. housing costs are not affordable for about two-thirds of americans regardless of whether they rent or own and half of 24-year-olds live with

jill wagner at the new york stock exchange.hanks a lot, jill. >>> a ruling by the federal government could open the door to the washington redskins changing their name. >>> and l.a. dodgers' ace clayton kershaw throws one of the most dominant no-hitters in major league history. >>> here's a look at today's forecast in some cities around the country. >>> pressure is growing for the washington redskins to change their name. on wednesday the u.s. patent office canceled the team's trademark protection, a move that could hit the franchise in the wallet. chip reid has the story. >> reporter: on the redskins practice field wednesday the players were still wearing the name and logo that has been around for decades, and, in fact, the decision does not require the team to change its name but the federal trademark board did say the redskins' name is disparaging to native americans and rule thad the team's trademark of the name should be canceled. if the decision is upheld on appeal, the punishment for the redskins will be primarily financ

trading in the new york stock exchange. the acnism, the vast majority of stocks are traded here. to make you understand how the stock market really works, you need to go across the hudson river to new jersey. now the markets are almost completely computerized. data networks and surfer farms in new jersey are where most trades actually happen. i'm in mmahwah, new jersey, and the data center is here, not on the new york stock exchange where almost all of the trade takes place. you've got to be as close to the server farm as you can be. that's called co-location. only the biggest players can do that. distance matters, even if it's only a few feet. it's just one second faster than the competition, it could mean an extra $100 million a year for a high frequency trader. critics charge that the access offered by the exchange, buy before you do and selling it to you at a higher price. and the scrutiny of state and federal traders who are concerned that it might provide advantages unavailable to regular investors. >> high frequency trading is trading over speed over everything else. and in

jill wagner at the new york stock exchange. thank you. >>> still to come, a great white shark spotted not far from a popular beach. >>> and sports drama and controversy at the world cup. this is the "cbs morning news." right. real milk. but it won't cause me discomfort. exactly, no discomfort, because it's milk without the lactose. and it tastes? it's real milk! come on, would i lie about this? [ female announcer ] lactaid®. 100% real milk. no discomfort. and for more 100% real dairy treats you'll 100% enjoy look for lactaid® ice cream and lactaid® cottage cheese. and for more 100% real dairy treats you'll 100% enjoy thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insurance can be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. finally, the purple pill, the #1 prescribed acid bl

well, now radioshack is in danger of being d-listed from the new york stock exchange.they say, it ain't over til the fat lady sings, or in this case until french energy company alstom accepts ge's $17 billion bid, but the u.s. company appears to be winning the tug-of-war with rivals siemens and mitsubishi heavy. ge's proposal has now received the blessing of the french government, that's not an easy thing to do. alstom has until monday to decide which bid to accept. ge, we do have a dow component, up about -- let's look. it's up about a third of a percent here or eight pennies to $27. billionaire carl icahn, let's get to him because we do have developing news here. he is not slowing down. just last night the activist investor called for a merger of family dollar and dollar general. we broke that story here, we told you about it. but our own charlie gasparino spoke to carl, and he's here now with exclusive details on what carl says about, i guess his intentions. >> yeah. i mean, what i want to do is bring you, the viewer, our fox business viewer inside his playbook whic

which is why we as the new york stock exchange, from the moment i.c.e. agreed to acquire the new york stock exchange has been standing for what can we do to increase confidence? what can we do to simplify the markets? because as simple as you can make the -- to inspire confidence, you want to make the market as simple as you possibly can and as transparent as you possibly can. >> and free of conflicts of interest as you possibly can? >> yes. >> mr. brennan, your main business is investment management, and you offer mutual funds and other investment opportunities for your customers. do you believe that maker-taker pricing creates a conflict of interest between a broker's duty to seek best execution and the money a broker can make by pursuing rebaits? >> yes. we think the maker-taker pricing model creates an appearance of a conflict of interest and adds additional complexity to the market. we're in favor, as we've stated, of looking at maker-taker as part of a comprehensive review of reg nms in our market structure. >> do you think it should be eliminated?

jill wagner at the new york stock exchange. thanks a lot jill. >>> still to come, the upet at the world cup and the 11-year-old golfer who's taking the u.s. women's open by storm. d golfer who's taking the u.s. women's open by storm. introducing a beauty breakthrough. so bold. revolutionary color. so chic. at the hottest boutique. the new paint studio at ace! surprise. luxurious color from valspar optimus and valspar aspire. check out this drawer action. discover premium paints and helpful people. i love both of those things. of course you do. it's the new paint studio. exclusively at ace. ♪ace is the place with the helpful hardware folks.♪ helpful is beautiful™ nature valley crunchy granola bars contain 1/3 of your daily whole grains, so 1/3 of this commercial is dedicated to what you could do with all that energy. 1/3 of your daily whole grains means energy to take the road less traveled. nature valley crunchy granola bars. but lysol power & free cann change the way you clean.h. it cleans even better than bleach without the h

jill wagner is at the new york stock exchange with that and more.ood morning, anne-marie. asian stocks finished lower. tokyo's nikkei gained 0.25% and hng hang seng lost .50%. due to the crisis in iraq. the dow added five points the nasdaq gained ten points. >>> a victory for macy's, the retailer came out on top in its battle with jcpenney and martha stewart. a judge ruled yesterday that penney's is with the exclusive contract between macy's and martha stewart living. macy's won't get any punitive damages. the judge also ruled macy's failed to prove penney's actions were malicious or immoral. >>> car thieves love ford, according to a new list of stolen suvs, the auto giant takes the top three spots. number one is the escape. followed by the edge and explorer. and then the jeep grand cherokee and rounded out the top five kia sorento. >> apple has an a new app but only it's a guy. >> can i get you another item? >> his name is dom. and the pizza chain hopes he will entice more people to go more high-tech. mobile and online ordering accounts for 40% of

jill wagner's at the new york stock exchange with that and more. good morning, jill. >> good morning, anne-marie. today's the day the tech world has been buzzing about for months. amazon has been holding an event in seattle to unveil a mysterious new product. >> i don't think i've seen anything like that. >> oh, my gosh, that's crazy. >> that's super awesome. >> rumor has it the device is a 3-d smartphone. we'll find out later today. we'll also find out what fed chair janet yellen has to say about the u.s. economy today. she'll hold her second news conference after the federal reserve endings its two-day meeting. inners will be looking for clues as to when the central bank might raise new york stock. the dow added 27 points. the nasdaq rose 16. asian markets were mixed despite gains on wall street. tokyo's nikkei gain 1%. hong kong's hang seng lost a fraction. >>> general motors' ceo mary barra will be back on capitol hill this morning. the house committee will be expected to grul her on the about gm's internal reports and why the awe mow maker too

definitely a blow to the nasdaq, which has always he -- which is already lost 22 tech ipos to the new york stock exchangeexchange of that built its reputation on hosting tech ipos. but it seems like the new york has been chipping away at its leads ever since the facebook ipo botched. and the company like ali baba has a lot of impact. none of the company is valued at $168 billion. kong toroached hong list their ipo, but they were eventually turned down due to their partnership structure. the city is saying they should reconsider. share, one-vote structure. so they can host more companies. with that proposal will take place is under debate. >> thank you, lou. chen and honglu kong. >> now the top sports maker reported numbers. be hoping thatl their sponsorships will drive growth. >> here now is caroline hyde. the numbers seem to be above estimates. sales up 11% problem -- 11%, and female demand is helping prop up their numbers. as his running, jogging. massive potential. in terms of regions, the u.s. still looking strong. >> they beat estimates in the north american part of the business. >> china is an inte

jill wagner at the new york stock exchange with that and more.rning, jill. >> good morning, anne-marie. asian markets ended mixed ahead of j-p's two-day policy meeting. tokyo's nikkei gained half a percent. hong kong's hang seng lost a quarter percent. the government said wholesale added to their stockpile but that didn't impress investors on wall street. the dow gained only two points but still set a new record high. the nasdaq lost one point, the s&p half a point. >>> google is heading into the sky. they bought skybox imaging. google says skybox will help them keep their maps up to date and eventually improve internet access to remote parts of the world. >>> dunkin' donuts is heading west into california. the east coast chain plans to start construction on its first free-standing store in the state next month. right now the stores are only in three cities wu d & d plans to open more than a thousand in the futu future. >>> the government says the on-time arrival rating was better by 2%. the top are new hampshire, alaskan, and virgin america and

jill wagner is at the new york stock exchange with that and more. morning, jill. >> good morning, lauren. president obama takes on a proposal to fight global warming. he'll use executive authority to force coal burning power plants to curb carbon emissions by 30% by 2030. in his weekly radio address saturday mr. obama said the new epa rules will make people healthier by cutting down on pollution. >> the shift to a cleaner energy economy won't happen overnight and it will require tough choices along the way, but a low carbon clean energy economy can be an engine of growth for decades to come. >> but the head of the national association of manufacturers said the proposal could, quote, single-handedly eliminate a competition advantage by removing reliable and abundant sources of energy from our nation's energy mix. >>> most asian stocks got a lift from strong growth. tokyo's nikkei jumped 2%. south korea's kospi added half a percent. hong kong's hang seng is closed. here on wall street this week investors will focus on the u.s. jobs report. it was a mi

jill wagner is at the new york stock exchange with that and more.d morning, jill. >> good morning, anne-marie. the sunny weather last month helped push u.s. auto sales to a nine-year high. despite recalling millions of cars, general motors posted a 13% sales increase. chrysler shot up 17%. even ford pulled up a better than expected 3%. only volkswagen sales felling, dropping 15%. >>> asian markets ended mixed ahead of an expected stimulus announcement from the european central bank. tokyo's nikkei added a quarter percent. hong kong's hang seng dropped half a percent. >>> it's all about jobs here on wall street. the payroll company adp will release its national employment report today, and then on friday the labor department releases theirs. not a good day for stocks yesterday though. the dow fell 21 points. the nasdaq dropped 3 points. >> a food fight over hillshire brands. two companies are now actively trying to buy the maker of jimmy dean sausages. pilgrim's pride upped its bid yesterday to about $6.5 billion after tyson foods tried to move in. h

jill wagner is at the new york stock exchange with that and more. ning, jill. >> good morning, anne-marie. google is set to unveil tech toys at its convention. analysts say google will also offer a new version of its operating system possibly called lollipop. >>> here on wall street the crisis in iraq trumped good news about home sales and confidence. the dow fell 119 points, its biggest one-day drop in over a month. the nasdaq dropped 18, and the s&p dropped 12 points. >> asian stocks were mostly lower after wall street's losses. tokyo's nikkei lost half a percent, hong kong's hang seng was flat. >>> whole foods in california gets caught overcharging customers. investigators found the stores didn't subtract the weight of the salad bar containers. the grocery stores agree to pay about $800,000 in penalties and fees. >>> and one of rock and roll's greatest songs just set a record. ♪ the beat goes on like a rolling stone ♪ >> the lyrics to bob dylan's "like a rolling stone" sold for $2 million yesterday at sotheby's. the worlds were scribbled on hotel

jill wagner at the new york stock exchange.>>> still to come, how the nfl is changing the super bowl. >>> and the big apple is taking on tinseltown in game one of the stanley cup finals. this is the "cbs morning news." game one of the stanley cup finals. this is the "cbs morning news." >> announcer: "moneywatch" sponsored by just for men mustache and beard, champions of facial hair. he and beard, champions of facial hair. [ woman ] i could see it in their faces. they weren't looking at me. ♪ i can't believe i still have acne at my age. i feel like it's my acne they see...not me. [ female announcer ] acne is a medical condition that can happen at any age. fortunately, a dermatologist can prescribe aczone® (dapsone) gel... fda approved for the topical treatment of acne, and proven in clinical studies with people 12 years and older. talk to your doctor about any medical conditions you have, including g6pd deficiency, and any medications you are using. use of benzoyl peroxide with aczone® gel may cause your skin to temporarily turn

plans to list shares on the new york stock exchange.was anticipated as possibly the biggest u.s. ipo in history. i want to bring back leslie. it has been decided? >> the anticipation is finally over. a time when we were trying to figure out whether or not it was hong kong versus u.s. it is the new york stock exchange. >> what does that mean for the nyc? does not make too much of a difference to the company's financials, but it is a big marketing event for them. list onaba chooses to the nyc, it is -- in terms of execution risk. go there because they think the execution risk will be lower. this could be the biggest ipo ever. when you have that much money at stake, you do not want anything to go wrong when the shares start trading. >> the ticker symbol is going to be baba. what is the symbolism there? stands for wealth and prosperity in chinese. what they are thinking in terms of choosing baba is that it will provide them some sort of luck. it sounds like they are worried about luck. are they on track for an august listing? >> so far, yes

>> jill wagner at the new york stock exchange.a lot, jill. >>> donald sterling calls the nba monsters and bullies in his latest bid to hold onto the los angeles clippers. >>> and in the nba finals, san antonio shoots for victory in game three against the heat. nba finals, san antonio shoots for victory against the heat. any of these things, jon! right. valspar reserve. super stain-resistant and scrubbable... and this color! still perfect! yeah, looks great, val. how much coffee have you had? 3 cups. mmhmm. 4. introducing valspar reserve paint + primer with hydrochroma technology. now the colors you love stay the colors you love. exclusively at lowe's. colace® capsules, for comfortable relief from occasional constipation, announces the $50,000 spa wellness give-away. couldn't you use a spa treatment? visit colacespa.com to win weekly! in any foods. r really gave much thought to the acidity never thought about the coffee i was drinking having acids. it never dawned on me that it could hurt your teeth. my dentist has told me your ena

. >> jill wagner joins us from the new york stock exchange, lots of excitement about the e commerce site alley babe a. what's the deal, jill? >> good morning, china's internet giant alley bad a has made its choice, and will list its shares here on the new york stock exchange. company handles more than 80% of on line retail transactions in china. alibaba expected to go public late summer early fall. we still don't have exact date yet. this could be the biggest ipo in us history. ukee, nicole? >> jill, looks like new harvard report is maintaining bleak picture of the nation's housing costs. >> reporter: yes, found fewer americans own homes now than before the housing bubble burst. it also found that housing costs are not affordable for about two thirds of americans regardless of whether they rent or own. and about half of 20 to 24 year olds are living with their parents. ukee, nick snow. >> how about that? >> saving money, at least. do what you can. >> jill, appreciate it. see you later this morning. coming up after a short break, traffic and weather together. traffic and weather together.

jill wagner at the new york stock exchange. thanks a lot, jill. >>> coming up on the "morning news," computer upgrade. apple announces a new operating system that could turn your house into a smart home. this is the "cbs morning news." >> announcer: this portion of "cbs morning news" sponsored by vagisil, the experts in intimate health. [ woman ] i've always tried to see things from the best angle i could. it's how i look at life. especially now that i live with a higher risk of stroke due to afib, a type of irregular heartbeat not caused by a heart valve problem. i was taking warfarin but wondered, could i focus on something better? my doctor told me about eliquis for three important reasons. one, in a clinical trial eliquis was proven to reduce the risk of stroke better than warfarin. two, eliquis had less major bleeding than warfarin. and three, unlike warfarin there's no routine blood testing. [ male announcer ] don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. el

traders at the new york stock exchange, cme and the nymex. what do you think? >> there is no difference with today's action, least resistance is higher, fed meeting tomorrow, some folks are saying it is not as important. even if they do nothing, we always have to keep an eye on what the fed is doing but the line of resistanc least resistap and the market drifting higher. liz; the fed meeting starting today, but we are watching all of the commodities, specifically energy. what are people saying about the iraqi situation? >> it is quiet. it is as though you're looking at the supply numbers tomorrow, thinking there is going to be bills. ever since iraqi situation started the fear has been in the brent crude oil contract. in the spread between the wti and the brent h is moving out which makes the diesel fuel more expensive and the gasoline. liz; now we get to treasuries. we can never ignore this because it is such a huge trade and when treasuries movie gives us indication of the kind of fear better than the volatility index is doing. it is moving lower today. what