companies like ali baba will be around, they will be dominant. there's a discount priced into those. you need to be selective. i think there's better places to be than investing in markets. charles: alibaba had a great earnings report, the stock was up in the premarket, now it's down a lot, though, rob. >> yeah. charles: yesterday baidu says they may delist themselves. near term there will be pressure on the individual chinese stocks no doubt. stock, the anxiety started the market off bit lower premarket, and if we see these full scale riots over the weekend, knowing this to susan's point may be the last stand for this protesters, it should impact us to what degree? >> there will be some volatility back in the markets. i mean, frankly, charles, the market is looking for reasons to probably get volatile again, so the protests could be one of them. i think to rob's point, if you are indexing overseas frankly anywhere outside of the u.s. or even in the u.s. as we talked about in previous segments don't do it. you need to pick out good names, good st

do in america a lot of the my bad engineers i'm sure but some of them are very good you heard of ali baba you've heard of by doing your part of you know 10 cent i mean some of those engineers a good and some of them are sitting in your are just figuring out how to ruin america. when you hit it we can add to that tom a lot of the engineers in the general produced in the united states are foreign born i just would like to point that out to it's true you have a player there's a good cartoon that goes out that says americans always want to see a market strong in math and science and then they showed a picture and the picture shows american children indian and chinese descent they're performing very well in those areas and that is exactly the the point is that china doesn't have to get it right for all of its people with 1.51.6000000000 people they don't have to get it right for all they say get it right or sum up in education is really going to be the future so you have an american university likely today. is a future president a later. one of the message that those individuals are hearing an

let's talk about another particular stock in the united states, ali baba falling more than 4% today ining. its worst day in more than two months. investors are concerned about the company's revenue growth, understandably, as well as the potential for the u.s.-china tension to disrupt the business. joining us now to discuss all of this, let's start to talk about the numbers. we don't get a lot of what many people call accra data in terms of the chinese economy, but alibaba is probably a neutral indicator as to what is happening. what can we deduce from the data from the earnings we delivered -- that was delivered by baba today in terms of what is actually happening in china? >> sure, a couple of things to note here. so the first thing is that alibaba reported its slowest , acrossgrowth on record the marketplace. but they continue to forecast sales growth for the year even though it is down from its revious estimates. so what they said was we got a in hit, but things came back march. one thing that was very interesting on everybody's mind is how much of the shift are pandemic only or wil

finally, ali baba is set to publish earnings before the u.s. market opens. likely to report a year over year market decline in the march quarter. millions more american applied for unemployment benefit last week, indicates that job losses are continuing two months after coronavirus pandemic started shuttering businesses. initial jobless claims in the week ending may 16. congress will likely have more stimulus legislation. speaker nancy pelosi spoke exclusively with bloomberg about this. >> we know that issues like unemployment insurance, food stamps and the rest really are -- provide stimulus to the economy and we have to do that. and so we think in our package, the heroes act that we do just exactly that. a scientific path to open the economy safely. safely. and soon. supporting our heroes to keep those jobs in place which is important, which are important to the economy. an again the stimulus, for money in the pockets of the american people provides. >> the question on everyone's minds the prospect of passage of the heroes act or something like that and wh

three of those companies are in china, there out of fat, ali baba, their publicly traded companies but i lived in china and lived in japan, and anybody who watches china knows that publicly traded companies are still under the sum of beijing, there is no escape, you can be an incredibly -- if you're an incredibly successful ceo is because you're in lock step in some ways with the chinese government, that matters because we have a brilliant person at the home. , pre-jesus interne xi jinping . live a culture of long-term planning, you can go out throughout history and their five-year plan and see how a lot of them never amounted to anything but i think things are different this time, they are different because we have a person in power and the leadership team around him who really understand technology. so you probably heard of the bells and road initiative, this seems like an infrastructure initiative, your building bridges and roads in exchange for debt diplomacy, all around the world, around the silk road route into deep latin america and africa. but what most people don't realize is

they are backed by ali baba [inaudible] in public he traded companies but i lived in china and in japan and anyone who watches china knows that publicly traded companies are still under the thumb of beijing. there is no escape. you can be an incredibly -- if you are an incredibly successful ceo it is because you are in lockstep in some ways with the chinese government. that matters because china currently has a brilliant, brilliant person at the helm. president xi is very, very smart and a very effective leader and a very good long-term planner. china has a culture of long-term planning. you can go back throughout history and look at their big strategic initiatives and their five-year plans and see how a lot of them really never amounted to anything but i think these are different this time for they are different because we have a person in power and a leadership team around him who really understand technology and so you probably heard of the belt and wrote initiative -- okay, this seems like an infrastructure initiative and you are building bridges and roads and in exchange for diplom