when it eventually happens, it could eclipse ali baba's 2014 ipo to become the biggest public offeringstory. a few markets clamouring to get hold of that. 0n the front page of the guardian, a story in the continued football sex abuse scandal — former england coach graham taylor "failed to report paedophile." and finally, gymwear everywhere? not quite everywhere. i cannot remember the last time i wore very much. the new trend in wearing your lycras and trainers to work or even on a night out. the huffington post has an article on the rise of athleisure. so let's begin. with me is amrita sen, chief 0il analyst at energy aspects. let's start with how he was sticking his head of the parent as the little man trying to pick out will stop he strikes a victorian for me, they can't wait to get on, get rid of britain and get on. the only mentioned brexit once and he basically said it wasn't the best moment in our history, we will regret it but so will you more than anything. his main message has been catch the wind in our sales, there can me is picking up. also obviously the whole migration stor

ali baba has announced plans to invest more than fifteen billion dollars over the next five years to expand globally the chinese internet giant already dominates domestic commerce and alibaba founder and executive chairman and jack ma now wants to build a global logistics network the chinese competitor of amazon wants to be able to ship orders within twenty four hours in china with seventy two hours anywhere in the world also on tuesday the company announced plans to invest more than eight hundred million dollars in a chinese logistics phone. now the scot said no catalans will have their say next month independence referendum are having a moment and kurds in iraq have also cost their vote on the issue of autonomy sunni has now that's right how another country's critics minority has voted in an independence referendum and the outcome will likely be yes when the official results are revealed that is despite heavy international pressure both the u.n. and the u.s. oppose the poll. with iraq's kurds celebrate the holding of their independence referendum. but their government today we vote

actually pm the prime minister trudeau flanked the jack ma the billionaire chinese guy that he owns the ali baba his company actually had a sponsored event in toronto talking to an audience of thirty five hundred people telling them why they should be doing business with china and one of the key reasons is the growing middle class that has a hunger for foreign products we're talking about three hundred fifty million people at this time that is expected to grow to five hundred million individual middle class by get this two thousand and twenty so it's only a couple of years away of course the problem is a lot of people are intimidated to work with china notably that of their language barriers but there's a lot of red tape when you get into that country and jack was saying that you know canadians need to get a little bit more brave when they're doing business in that china is the right place to go the prime minister also reiterated that you could be geographically a further distance than the united states our biggest trading partner but with technology that's available including the internet those

s&p at the bottom of your screen is the ali baba logistics company best celebrating its ipo today.e'll talk to the ceo when the stock opens. over at the nasdaq, chicken producer pilgrim's pride so, we'll watch all of this. we'll keep an eye on apple today, jim the journal and some others reviewed the watch and say waterproof is great. but, when you're trying to make a call now that it's untethered from your phone, cell service is unreliable apple has now puot out a statement in response to that when the apple watch series 3 joins u s and may prevent the w from using sellier we are investigating a fix for a future software release. >> let's wait for the fix. i cannot wait for the new watch. i love my watch. i have the waterproof thing is a bummer ask i need something, you know, sometimes i sleep so little it doesn't charge because, you know, you put it away and you put it on a charge thing. >> 3 1/2, 4 hours is not enough. >> not enough for you or the watch. >> when they make me take the red eye, red eye, red eye, it is a disaster that's as bad as it gets i love the thing. >> this i

. >> thank you very much and when we come back, why ali baba is the most controversial stocks on wallcloses in on amazon's $470 billion market cap. less than 10% away your insurance company won't replace the full value of your totaled new car. the guy says you picked the wrong insurance plan. no, i picked the wrong insurance company. with liberty mutual new car replacement™, you won't have to worry about replacing your car because you'll get the full value back including depreciation. switch and you could save $782 on home and auto insurance. call for a free quote today. liberty stands with you™. liberty mutual insurance. >>> we'll have key kmebts on the tax reform with gary cohen we have a lot to talk b and lululemon, we have exclusive interview with the retail analyst and wait until you hear about the pumpkin trade. no joke. halftime report starts at noon we'll see you then mike. >> all right thank you. felt like fall this morning. we'll see ought noon thank you very much. in the race to a half trillion dollar market cap, alibaba is closing in on amazon we have the latest on that >>

we have an ipo shares of ali baba backed the logistic companies best up inc more than 13%. investors are throwing in the towel on bed, bath, and beyond plunging let's leave you with some good news if you own shares of biotech firm alnylam, that stock is up 40% after a drug candidate cleared. it is all about the feds let's begin there. the countdown is on less than an hour no rate hike is expected but this is still an incredibly important meeting and announcement because everybody wants to hear how the fed is going to start to unwind its multitrillion dollar balance sheet. our economists reporter, steve liesman, from the federal reserve in washington. is this all about size and pace? >> yes you could say that, brian. with no double onton i'm sure. the fed announcing plans to reduce a key financial crisis and begin to reduce its $4.5 trillion balance sheet there is more with the 2:00 p.m. statement which comes with a new round of economic forecast the fed is expected to announce that balance sheet reduction beginning in october second, do fed members continue to forecast a th