alibaba has been valued almost -- francine? >> we'll get back to hans on the tech world. 17% drop in profits for 2013. they got some serious compensation. 400 million swiss francs. >> we'll see how the share price opens. caroline, you're on the ground in london. >> i am at liverpool street. it is a scene i'm sure everyone can sympathize with. the bus queues are growing. buzzes are packed. -- buses are packed. the strikes are about modernizeation of the tube. transport for london is trying to update and get rid of ticket offices but with the modernize -- modernizeation comes the opportunity to impact business. >> waking up at 4k a.m. has good watch out what mario draghi will do. a lot of brokerage companies expected to cut rates before march. will we get a rate cut snl that is the question. watch out for p.m.i. services. we'll get italian, french and germany. p.m.i.'s are are important services. we have a little bit of disappointing news in the last couple of weeks. we're watching the tech world and this data. what else are we w

alibaba, news on that that could affect yahoo! which owns a chunk ever alibaba. other stories, two other things that will affect your money today. janet yellen and that wicked winter weather. markets look to open higher. we'll take you right there next. we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further [ woman ] got me to 70 years old. i'm going have to rethink this thing. it's hard to imagin how much we'll need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. ♪ and she might have if notor kari, the identity thief who stole jill's social security number to open credit cards, destying jill's credit and her dream of retirement. every year, millions of americans just like you learn that a little personal information in the wrong hands could wreak havoc on your life. this is identity theft. lifelock offers the most

how close is it to alibaba? >> the valuation of alibaba, they are a little made up.haven't had their ipo. we do have some sense of where they are at. $153 billion. you compare that to facebook which is just $159 billion. just a couple months ago, alibaba was at $120 billion. you have seen explosive growth. .evenues were up 50% most of this information is coming from yahoo! which owns 24%. we are filtering it through yahoo!. i want to pump the stock up as well. thank you so much, hans nichols in berlin. nike first released the air jordan in 1985. michael jordan's signature shoe is still a huge hit. a man in the u.s. state of oregon is suing nike over the air jordan. he claims it is so dangerous it needs a warning label. rachel crane reports. >> the air jordan was first released in 1985. the shoes are still in play by some of the best on the court. carmelo anthony, spike lee shot a commercial >> in 2013, stock markets boomed. this year might be a different story. the major indices already plunged this week though they have rebounded in the past two days. could this be

the website is being developed by alibaba subsidiaries. focused on loading a compelling platform. today, here in san francisco, francois hollande will be visiting, first time in 30 years of french president has visited san francisco. >> do you take a french president to a french restaurant? apparently, the answer is yes. he is going to be having lunch with sheryl sandberg, eric schmidt, jack dorsey. part of his agenda, look, france is open for business. start your company in france. >> it is the third largest company in europe. france has had issues with technology. a long list of big tech mergers that have gone poorly. the difficulty has been making the kinds of rapid changes in employment that technology employers like to make. they struggled for years. >> there are some tax evasion probes against linkedin and google right now in france. we are friendly, we are friendlier than we were before. please do not divert your money to ireland. >> good luck with that. >> we will continue to follow francois hollande and his visit to san francisco.

alibaba launching a new u.s.-based e-commerce website. yahoo! owns a churning of alibaba.the stock. now this, more than 200 million people viewed their facebook lookback video. and sandra, i think this is an indicator of active users on facebook. now, that-- >> a good indicator or bad? there's 1.2 billion users. they sent one to every user only 200 million viewed it. and people haven't been on there several days if they haven't opened it. stuart: the lookback is what we talked about the other day on the 10th anniversary, anybody on facebook, you asked for it and you get the lookback, they will make for you, a one minute video of everything you've ever done on facebook. >> pictures were commented on the most or pictures that got the most likes and assembled it. it's a project that facebook says they want to do more of going forward and the other number here is 200 million viewed the video and sent to 1.2 billion users. the 200 million who opened and viewed it half of them shared it and that's the goal that facebook has is that people open and send this and then it's exponen

alibaba is going to launch a new e-commerce site in the united states.site will be called 11 made and is inc. developed by an alibaba subsidiary. 11 main is currently focused on building a compelling platform and will have more details soon. the in san francisco, french president will be visiting -- the first time in 30 years a french president has visited san francisco. >> do you take a french resident to a french restaurant, apparently the answer is yes. figured out where they are going, but he will be apparently having lunch with sheryl sandberg of facebook, jack dorsey and others. part of the agenda is to say france is open for business. come invest in france. >> it is a big market for them, but france has had issues with technology. most recently the alcatel-lucent mergers. that one has been a very difficult one. has beenculty there making the kinds of rapid changes in employment technology employers like to make. you can't do that under french law. >> i believe there are tax evasion probes against linkedin and google right now and france. the messa

they could be great news for yahoo as well, they own 24% of alibaba.all of this leads to that looming alibaba question. it could be the biggest ipo ever. the company is that $100 billion success story in china. with something of a heavyweight like that, to be interesting to see how amazon responds knowing what is coming down the road. liz: keep an eye on this one. we love this story. when and where are they ipo yet? the second you know, let us know. is now the time to invest in the underdog equities with big business is playing defense and hoarding cash? how do you know which companies are making the right investments to help your future cash flow? joining us now, co-portfolio analyst. year over year it has s&p. up 23.9%. how have you done that? >> it is a stock selection rather than allocation, we have just been fortunate in focusing on stocks out-of-favor but good quality selling a discount to the market but have a really strong business model to execute from. liz: you go with the unloved but good quality names. these are the ones where they are good

alibaba. possibly square. it is interesting with king digital.tiple is really low and they are profitable. the value looks good on the surface. .> it has a game candy crushed. it contributes 78% of its revenue. how is that safe? >> it is interesting. a good point. well taken and no doubt about it. remember, the relative price multiple is very low. when twitter went out, they were about 50 times sales in a mobile -- in a multiple. this is 2.7 times. the market is adjusting that. they canood company if broader their product line. >> square primarily focuses on site technology. now there is talk about more secure technology. square will have a lot of difficulty getting beyond the united states. >> i think so. that is a dog with the same fleas. it is not profitable. they have good sales growth. the evaluation -- we have seen it over and over again over the past year. way ines going out advance of what they have actually performed in the market. are you saying investors should or should not invest this square goes public? >> here's my thing, as you kn

so alibaba is actually even playing a role of an investment firm. they're trying to sweep all the cash of all their enterprises and offer a money market return, you know, it's one of the fastest growing portals in the world. >> is jack ma behind all that or is he -- >> well, he's running the company, you know, so he's creating that atmosphere. he's creating like a c.e.o. should, he's creating the direction of the organization. >> rose: so when you look at that, your guess is about the slowing down of the chinese economy, below say 7% to -- >> so china has a big issue in front of itself. we were all pretty influenced by the reform announcements this past november. >> rose: right. >> but the reforms are pretty onerous to accomplish. they're going from a policy oriented economy to a market oriented economy. first of all they have to create the metrics, how do you understand what a market economy is. so they have a lot of work in front of them to change this enormous economy towards a market driven economy. i think that is going to take time. you know,

it does not stay up forever. >> what about alibaba?n't have the same transparency. >> that is a great question. they meet all the basic points on, is this company pre-strong? -- pretty strong. they are growing very well. they have cash flow. they will be subject to review. there will be debate about the strength of their financials as to the quality of the financials. on the surface, it look like a pretty good company. the value is going to be very high. >> how are you looking at twitter right now? facebook, linkedin. >> we can't take those all together. you know how i feel about twitter. it is still way overvalued. i think it is good that they are turning the corner in cash flow. the valuation is astronomical. when they went out and went public, there were 50 time sales. when microsoft went out, there were five times sales. the value with twitter, it is a slamdunk. maybe they will prove me wrong in two to three years and they will catch up to the value. you are buying it at a very high multiple. >> that was brian hamilton. still ahead

companies like alibaba. alibaba is larger than amazon.com and ebay put together.y one company making news over here. when mmre of those companies start coming out it will be a game-changer not only in their industries by others. >> liz, the rich, you're mentioning they're getting money out. there is capital flight coming out. china. liz: what do you like if not china? >> i like south korea, singapore there are growth stories in the emerging markets. you have to go country by country and company by company. we like thailand tapwater. a great company in thailand. my fund invests in that. there is lot of turmoil in thailand but people still have to drink water. we like posco, the korean steel company. i like the opportunities but don't like china. liz: warren buffett loves posco but sold it and said he sold it early but still made billions. a lively discussion on china. come back again. david: fantastic debate. actually china is really at the heart of what a lot of traders trade on. but of course they also trade on the fed. by the way we're watching after-hours tradi

how much stake do they own. >> alibaba?i think it's 20%. >> do the math. >> i don't know -- >> no, it was much less. let me give you the exact. i think i might be way over, then. people have suggested that, you know, $20 billion -- like half of the value of yahoo! is alibaba. >> the other half is the deal they have with cnbc for sharing content, right? >> the content sharing. >> is that worth -- that's worth -- >> close. close to the same amount. >>> and workers at volkswagen's plan -- >> you're right, it's 24% stake. the stock is under valued. >> you remember in the internet days, i'll trade you $200,000 cash for a $200,000 dog. >> the other piece of it is you have to remember they probably won't be able to sell their shares immediately. nobody knows how this is going to work out. >> but it's $128 billion and they get a quarter of it. >> yeah. it's a big deal. >> volkswagen, they're kicking off a three-day election in tennessee about whether they want to become union. phil lebeau is going to have more on this story later i

will we saw last year was alibaba decided they were going to keep assets for themselves, yahoo! be dammed. they have backtracked a little from that. that is a big open question, when and if they file for an ipo, how much they sell to the public, and what the investor recourse will be if ali baba decides investors do not own what they thought they owned. >> cory johnson, we'll be watching you on "bloomberg west" later this afternoon. will be sticking here, and he will be joined by somebody he knows well, who happens to be the founder of he'll talkr.com and about engagement, and we have a clip for you asking what if google was a guy. >> next. there. tomorrow, new zealand. gmail.com ♪ >> we are back with our guest host for the hour, ben lerer, cofounder and ceo of thrillist madea group -- media group. >> we are also joined by another tech entrepreneur who is now in the clothing business, josh abramson, the cofounder of college humor.com and a partner at first mark capital. our, thank you for joining merry little band here for a little bit. we were talking a little bit about twitter

alibaba, square potentially. >> who knows? people and the companies.interesting time for smaller companies looking at ipos and what is going on in the markets. he always talk about the businesses. we talk to an important guy when it comes to technology. dangers ofbout the high evaluations present. >> we have seen it in a variety of industries. you are chasing this evaluation that wall street will get you if you aren't bloomberg growth company. it is almost like utilities. they are returning cash and getting rewarded for dividends and buybacks. they can grow that much. they are reacting in a muslim direct opposite now. i prefer to own those done the ones chasing revenue. >> you guys cover so many companies. i wonder when your analysts are covering those companies, are they talking to them about hate, the fed is tightening or china is slowing down. do you want to change what you plan your business? >> i would think that would be above their -- not a great, but if they are starting -- they should not cover that company. the companies we want to cover our

following a few big stories --ay, alibaba is watching launching an e-commerce site. not know if it will loo

a few big stories today -- number one, alibaba is launching a u.s. e-commerce site. stocks and now they are launching a fashion or jewelry eme

cent, alibaba and baidu are seeking targets to plug gaps across their businesses.tingp sees the trio internet-related deals in china to a record this year. shares in baidu surged more than 7% in after-hours after the company forecast a sales job in the first quarter. huawei forecast it will sell as many as 100 million smartphones this year, twice as many as in 2013. the world's third-largest smartphone maker plans to focus on higher and devices. let's get back to rick lacaille, he is with me. he is head of state street global advisors. we were just talking about china, emerging markets, how do you translate what we have just talked about into a strategy? >> we still believe in value being very important. i think the challenge in china is that value is not necessarily working. particularly after the third party plenum. they tended to be pretty expensive. there are a couple of ways you can do it. one is just be patient and stick with value. i think that is going to work in the long-term. the other is, look at more neglected areas like small-cap and mid-cap. exposedbe

following a few big stories today, alibaba is launching an e-commerce site.do not know if it will look more like amazon or etsy.

alibaba, but blackberries bbm, one of the main competitors. ismoving? >> big. blackberries shares all oesh the place. check out what's happening. up 5% so far in the overall mart today. check on -- it's all about the acquisition of whatsapp. this deal appears to indicate value in blackberry's mobile messages system, the bbm, like you just said. stock up 5%. tyler, an interesting deal, when you look at a comparable comparison-type trade. one that may be one investors talk about. >> thank you, dominic chu. >>> when we come back, more on that serious threat warning from the u.s. government to u.s. airlines. there is apparent lay credible threat of a shoe bomber targeting passenger planes. nbc's pete williams will be with us after a short break. >>> plus, the truce in ukraine has broken. there are reports of dozens of protesters being machine gunned by police today. dozens of deaths. >>> more "power lunch" in two minutes. >>> about 24 hours ago a truce declared in ukraine nap is over. unconfirmed reports that 70 protesters may have been gunned down by police in kie

alibaba group, china's biggest e-commerce company, preparing for an initial ipo offering in the u.s. this year. according to reports from china the company hired morgan stanley and credit suisse as underwriters. david: citigroup says it will cut its fourth quarter and full-year results by 235 million. the cuts, company said it was duped by fraudulent billings in its mexico unit. we will get more information on that. meanwhile a busy day, a lot of international effects affecting the market. "after the bell" starting right now. liz: let's break down today's moves including late breaking ones. joining us is hennessey fund coportfolio manager. three stock picks to add to your portfolio no matter what is happening. kevin get des, raymond james. and we have senior price president of economic research. in the pits of cme. i want to start with you, dan. you guys hear these rumors. we don't like to comment on this one but this was so dramatically affecting markets intraday. what was it like in the pits? what did you hear? >> absolutely i was looking at the boards i see we higher. i peek up, s

alibaba looking to buy the provider for $21 per share, a 27% premium for friday's closing price. and green mountain in the news again. it's partners with krispy kreme, signing a deal to bring the k-cups to green mountain's keurig's brewing system. ty? >>> the water crisis in west virginia is far from over. a hearing is underway today into that contamination mess in the mountain state. hampton pearson is live in washington. >> reporter: that hearing wrapped up a short while ago and nearly one month after the massive chemical leak was discovered in charleston, west virginia lawmakers convened a hearing in the heart of the spill area looking into the cause and possible solutions. but a panel of state environmental officials and even the head of the leading water company all hedged when asked is the water safe. >> as a water company, we don't set the safe standards, but we are in compliance with all the standards set by the health-based agencies. >> i believe the water, based on the standards we have, is usable for every purpose and that includes drinking, bathing and cooking. >>. >>

. >> you have alibaba to possibly acquire ordinary shares of auto navi holdings. >> board of directors receiving a private proposal, basically an offer to be bought, $21 a share. it's digital map cnavigation system. >>> boardwalk pipeline partners, lp. >> as the name implies, it's a pipeline company. about 14,400 miles coming from new orleans up into indiana and kentucky. that stock is actually getting walloped, down 42% today. when you're a master limited partnership, people buy you largely for your payout. they cut the payout by ten cents a share after earnings came out. deutsche bank downgrading to sell. don't cut the payout when that's the reason people are buying you. >> stock number four, gt advanced technologies. >> gtat is the company here. despite the odd name, it's a crystals company, basically they do l.e.d. displays, solar panels. it's an apple play. heavy volume. they might be the crystal provider for a future iphone cover, among other things. >> then we have synergeva. you can clearly see the difference in the price. >> nice move, 5.7%. massachusetts based biopharmaceutic

some might say the best investment is alibaba?the history of america was not selling to microsoft at whatever the price was at the time. most management teams have been poor allocators of capital. de-worseified their business. they would have been better off in merce -- in most cases to pay dividends or buy back stock than to make these acquisitions. the point that is the most important is if you are doing a good job and driving superior return, your share price will reflect that. in which case, the activists have no place will stop >> but if you are not, it makes it easier for them to get a foothold. typically managers are looking out for managers and not shareholders. have two go to break but what i'm taking with rseify.he word dewo >> very interesting. ♪ fax they call it the three amigos summit -- president obama is in mexico's president and canada's prime minister. a lot of issues on the table including trade, education and order security. let's bring in julianna goleman from washington. >> only matt has the ability to make a

is it all alibaba? probably. dan is gone.or carl icahn to say i have long-term holdings -- that is fine. a long-term buy-and-hold investor like buffett, we're talking 10 years or more. >> you have activist investors like that as well. hackman will stick with his bets. >> not really. he went in there and put in the new ceo and stood by and took his lumps. it is different from dan loeb, who split. >> look, all of these guys are sharp rise. they have made fantastic investments. ackman included. jcpenney was a rookie mistake. about 25 years ago, i ran a retail chain that was fabrics. -- they customer base were all hooked on coupons. that business is dying. my mother sewed, but no one does anymore. why would you? >> i am a dress barn all the time. >> like heck you are. the point is -- >> he made a rookie mistake. is, he moved to make them something that they were not. they did the same thing i did 25 years ago. they did not build a bridge. they went cold turkey. you cannot do that in retail. >> all right. >> you cannot abandon you

the >> a lot of people playing softbank for the alibaba ipo because they own an enormous amount of alibabaf i bring us back to the us of a? >> what are you? don't be gi jingoistic. and let's go to courtney reagan. >> good morning. we've got a quietly positive open, the dow up about 86 points, the s&p up about ten points. pulled back just a little bit here right now. relatively quiet as far as the big, big concerns that we've had of recent. emerging markets relatively quiet. moody's upgrading mexico and providing a little bit of comfort, we got the better-than-expected jobless claims this morning but we've had a lot of economic data that hasn't been so good either. saw some strength this morning, draghi biving hints the ecb is not doing any imminent easing. we know the rates were left unchanged you can see the euro took a nice little pop up this morning. and we've got to talk about retailers and the same-store sales. we know it was a shell of what it once was. we don't get as many retailers that report the numbers, but the ones that do remain interesting. take a look at costco, outperformin

a chinese microbloging platform last year drew investment from alibaba of $586 million at an estimatedalue north of $3 billion. and parent company cena is traded on the nasdaq with a 4.8 billion market cap. more than 340 million registered users. offering text messaging, voice calls, photo sharing and games. it's free but its charges for the likes of stickers, which users can add by chat. it's developed by neighbor, a korean internet company. >>> china's messaging app with wechat earns most of its revenue from games. it's owned by chinese media giant tencent but is eyeing growing attention in the united states. blackberry is in the spotlight sending its shares higher because of perceived potential in its messaging service. wok who could be in the market for an acquisition? google, apple, microsoft or facebook. >> what do you think would be the next app to be snapped up? i'm pretty into the jawbone one at the moment. actually, it goes hand in hand with what i'm wearing. it's like a wearable app. it tracks everything i do, my walking distances, my sleep patterns. it's interesting. i'm no

and auto nabby surging after i alibaba offered to buy the 72% of the chinese digital mapping and navigation firm it doesn't already own for $21 a share. it's a 27% premium off its friday close. on the flip side, medicines company which fell after an fda panel said it was divided on whether to recommend approval of its drug to treat blood clots and stent procedures. back to you. >> morgan, thanks very much. >>> the biotech space has been heating up. check out pet pharmaceuticals company aratana. the stock is up over 280% since its ipo last june. >> steven st. peters, the ceo, there he is, and also with us a special friend. that would be tempe. that's what a chihuahua looks like in winter when they -- they have to grow their fur. tempe looks a little upset by the lights or the people. i don't know what's going on but tempe is looking a little peaked right now. how big is this market? you just made an acquisition of another company in that space, but how big can this industry grow? >> yeah, i mean, we really don't know how big the market is for pets medical needs. today 68% of american househo

overseas, there's a hybrid of facebook and twitter it's a chinese microblogging platform and last year alibabaillion in the company at an estimated value north of $3 billion. the parent company is traded on the nasdaq with a $4.8 billion market cap. popular in japan, taiwan and thailand is a start-up called line, it has more than 340 million registered users offering text messaging, and voice calls and photo sharing and games. it's free but it charges for stickers which users can add to chats. it's developed by a japanese division of neighbor which is a korean internet company and then there's china's leading messaging app wechat with 272 million monthly active users. it earns most of its revenue from games. it's already owned by giant media giant ten cent but is drawing growing attention here in the u.s. now, facebook's whatsapp acquisition even puts blackberry in the spotlight. sending its shares higher because of the perceived potential of its mobile messaging service. so, who could be in the market to maybe snap up one of these, google, twitter, microsoft, yahoo! or even apple if it wanted

and marissa mayer has been lucky because of the alibaba but she's trying to change the culture versusulture google, facebook, who takes the number one kid in every private or public school in the country. >> amazon, too. >> that's the magnet that other companies like yahoo! have tried to create, right? get those resumes. >> very early on in the conference call they talked about the increase in resumes but when you are at the companies that are just recruiting machines and they are just hiring the best and the brightest, microsoft has to get, maybe this gentleman can help that. >> one final point don't forget the stock price plays a role in that recruitment. >> yes, it does. >> and facebook or google and amazon may be in a better position than a microsoft. >> great point. >> at least given the previous moves in their stock. >> great point. a big event tonight in new york city, jim cramer's talk and book signing for "get rich carefully." at barnes & noble union square store. >> i'm in a feisty mood! >> you can see what jim's been doing this morning on twitter. and by the way, 6 in 60 is