scarlet: will it help ali baba?the author the book on ali baba and is standing by. : thank you so much. we are here with duncan clark and we have his new book it great to have you here with the bloomberg team. talk about your first meeting with jack mott 20 years ago. >> it was in 1999 in the apartment where he founded the company earlier. carol: what was that like? >> it was smelly and noisy. he and his wife are cofounders. feltople were women so it like walking into a college campus. jack was born in 1962 so he was late to the game. it was his third venture but he was determined to focus on how to connect chinese businesses to the world. he had this passion for what he was doing. was the feeling that he was taking in the u.s. and in seattle in particular and importing that into china or was it more of an inspiration of creating something new? >> it was the combination of both because he did not set out to create an amazon. he started out focusing on disney's to business opportunities. others tried to create an ama

it has a ton of problems and a lot of its value lies in its stake in ali baba which will probably spun off in one way or another and there are tax problems associated with doing a full-fledged spinoff. could she have fixed this company? she is focused on reading new products but it has not really made a dent on it problems. david: carol massar talked about that story. >> yahoo! with nine thousand employees and services, it the way that you and me and our parents get on the internet. that is one part of the company and then there is another part of the company that has a stock portfolio and that stock folio by its they'll is worth more than the entire market value of of yao -- of ya who -- hoo! investors have lost confidence ceo marissa , mayer. carol: take us back because at one point it was a successful company. >> 15 years ago it was. it was unstoppable. it went into decline starting in the early oughts. more recently, around the time marissa mayer took over with the rise of mobile. they make money through banner ads and it does not work well on cell phones. she inherited a position

we finish prime time programming at 11:00 with a look at ali baba, the chinese e-commerce site that rivals amazon. that happens tonight on c-span2's booktv. >> here is a look at books being published this week. .. ..

we finish a prime time programming at 11:00 with a look at ali baba, the chinese e-commerce site thatrivals amazon. that happens tonight on c-span2's booktv. here is a look at some authors recently featured on booktv's afterwards, our weekly author interview program. sue klee bold, dylan klee bold's mother discussed mental health and how she dealt with the tragedy. ellen malcolm recalled her creation of emily's list, a political action committee who elects pro-choice democratic women to political office and former congressman jc watts talk about guiding principles he soloed in this professional and personal life. in the coming weeks, peter marks with robert benmoche who turned the company around at the height of the financial crisis. don watkins will argue that measures to alleviate income inequality actually end of hurting low income americans. also coming up, criminal justice reform and recall his 19 years in prison. aol cofounder steve case will tell you how emerging technologies are reshaping the internet? >> the internet is shifting from being this interesting phenomenon like int

we finish prime time programming at 11:00 with a look at ali baba, the chinese e-commerce site that rivals amazon. that happens tonight on c-span2's booktv. >> ryan anderson is the author of a book called "truth overruled: the future of marriage and religious freedom". what is the point of your book? >> this is the first book length response to the supreme court ruling on the same-sex marriage decision. i explain why the court got the ruling wrong as a matter of constitutional law and a matter of philosophy, the nature of what marriage is and why marriage happens and from there i go to say what americans should do to defend religious freedom, those who believe the truth about marriage aren't penalized by the government. >> host: how in your view did they get it wrong constitutionally? >> guest: the supreme court says the equal protection clause of the 14th amendment required states to redefine what marriage is but everyone in favor of marriage equality, we all want the law to treat all marriages equally. we disagreed about what type of relationship is a marital relationship and 5 unelected

and ali baba in the marine corps universities sebastian on how to defeat isis. booktv, 48 hours of nonfiction books and authors, television for serious readers. >> this is primarily a love story. a love story of mine toward my late husband and the difficulty that one has when one makes that commitment at the time of marriage. sickness and health. to the court, another life, another being, another person with whom lived with john for 53 years, we were married in 54, john had parkinson's disease, this became more and more apparent that his parkinson's was taking him downhill. he decided to end his life. he did it in a way that still makes me so sad because there was no, and is no longer in maryland which allows doctors to assist individuals who have been deemed within six month of death as john was, there is no longer, that allows doctors to help those patients, chose to stop drinking water, stop using food, stop taking medication. i am sure many of you know, would you forgive me if i stood up and walked? >> i think so. i think we could forgive you. [applause] >>

and in an unusual twist, the chinese e-commerce site ali baba is said to be preparing a last minute bid15% steak in alibaba as a standalone company. >>> sports shall aannounced it's shutting down all 47 of its stores. it does affect two here in the bay area. there's one in pleasanton and san jose. sports chalet has also stopped selling goods on its website. the company that owns sport chalet is reportedly filing bankruptcy. >>> jcpenney's site traffic jumped in march to 11.5 million visitors compared to a year ago. the chain is seeing an increase in revenue. not quite as dramatic but same-store sales were up in the quarter. jcpenney trading below $10 a share. >>> it was a disappointing launch of an exclusive designer collection at target. a lot of people talking about the mera mecca collection, mostly beach wear. it hit stores yesterday morning. by yesterday afternoon just about 50 of the 200 styles had sold out on the website. past designer collection launches at target have been more successful. the lily pulitzer brand was in such demand that the site was down during that launch. >>>

. >> if ali baba stumbles, that could reduce the stake. we have to leave it there. good discussion.ahoo! saga, nowhere near being over. to market flash now from seema mody. >> in a beaten down market day, there are some bright spots. look at shares of wynn resorts, up better than 10%, hitting the highest levels since august of the company was upgraded to outperform by tellsy. after newmont mining wynn is the best performing s&p 500 stock this year up 43%. >> all right. seema, thank you. >>> the markets are coming back just a bit. we are down, but off our lows of the session. let's get a look at some more stocks that might be in your portfolio. cisco, wells fargo, gilead sciences and our parent company, comcast. more markets, more discussion, just more. "power lunch" returns. you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, y

ali baba, the chinese amazon trying to get rid of fake products on their site.he music, we previously put solar companies on deathwatch, stock is down 15% today, independent audit committee found no funny business in its financial report but it is down 15%. another big bank reporting lower profits, come on in, citibank. nicole: sunedison 70% yesterday. giving a little back today, such a wild stock, citigroup up 2.5%, a third of the fourth big bank to report, they have all been stocking it away for the rainy day fund. profits fell not as much as anticipated and as a result you have an up arrow. the government tested the big banks earlier in the weekend calling it a living will is if it goes into crisis. and they were the ones that passed it. stuart: city makes $46 a share as we speak. the comic look at the down arrows, everyone has these in their 401(k). stuart: another series of big names which you know, amazon, google and fit bit, more than that, loves technology, those three, says morgan stanley, what do you say? >> morgan stanley is the investment bank of cho

an ali baba site linked it, it is called the kindle oasis, nearly $290.he price of the kindle paper white. it weighs less than half a pound and has a rechargeable battery case letting users read for months without plugging it in. >> we are getting more details on jpmorgan's quarter from the media call and wilfred frost has been monitoring the call. >>> let's head off the first issue that kayla brought on living wills. jamie dimon said, we will do everything possible to fix this issue. he followed it up by saying, we have tons of liquidity. they are not the only bank that has failed. the cfo following up to say it is not particularly a binary issue. it is a process. it is not like a red line as it were in the sand that this is an out right fail that means they can't fix it moving forward and saying it is complicated set of requirements for everybody. they will continue to work hard to meet them. jamie dimon said in terms of the economy in general, it is doing finest. most economists think the u.s. will get stronger in the second half of the year. he says h

we finish prime time programming at 11:00 with a look at ali baba, the chinese e-commerce site that rivals amazon. that happens tonight on c-span2's booktv. >> ryan anderson is the author of a book called "truth overruled: the future of marriage and religious freedom". what is the point of your book? >> this is the first book length response to the supreme court ruling on the same-sex marriage decision. i explain why the court got the ruling wrong as a matter of constitutional law and a matter of philosophy, the nature of what marriage is and why marriage happens and from there i go to say what americans should do to defend religious freedom, those who believe the truth about marriage aren't penalized by the government. >> host: how in your view did they get it wrong constitutionally? >> guest: the supreme court says the equal protection clause of the 14th amendment required states to redefine what marriage is but everyone in favor of marriage equality, we all want the law to treat all marriages equally. we disagreed about what type of relationship is a marital relationship and 5 unelected