alibaba is focusing on cross a border growth. it started that way you to get the chinese merchant does internationally. it can certainly do it for b2c, the luxury brand going into china. and also goods from china exported to the u.s. alibaba has quite an operation and in the united states. side, u.s. businesses get their goods through alibaba.com. aybe a random ingredient to special kind of lotion they cannot get into the united states and they get on alibaba. maybe it comes from tahiti. i have talked to the business owners in the united states. paul, what do you think of the extent of alibaba's potential to grow even more to further infiltrate the u.s. and other markets? >> one of the reason for the u.s. offering, the primary andon was control, jack ma his partners want to have control over the board even though cap 7.4% of the stock. that is the key reason they are looking into the united states. to make this company, to introduce alibaba, something a lot of people outside of china do not know. this u.s. offering, this global o

david: by the way do you like alibaba? the idea of getting in on alibaba's ipo? >> i think there will be some juice around that and the whole space because of what they're doing, no question. liz: i see you're picking xlu, which is utilities and defensive play and xlt? >> if one needs to be long that's where i want to be long. liz: tom, i want to get to your picks, bp, realty income corporation and intel. couple are up, one is down year other year. realty income corporation has a decent dividend. are you going for a dividend play as a little bit of insurance? >> we are. not necessarily as insurance. most of the advisors in our office, work with clients very close to retirement or in retirement. income is very real need they need in the portfolios. realty income along with other positions in our portfolio have had a great start to this year. significant dividend yield that they have to clients to provide income in their portfolio with a reduced allocation of fixed income right now. so it helps boost that income. we like its longer term prospects. in the other sect

. ♪ ♪ liz: alibaba says open sesame to to wall street. chinese e-commerce giant bringing its block buster ipo to new york. but what does alibaba actually do, and why does yahoo! stand to gain? we've got the answer. >>> american retailers have endured a brutal winter. stores closing due to snow and ice, shoppers going online to avoid the bitter cold. but could retailers and their customers finally be coming out of hibernation? how to plant your spring portfolio now. >>> and a st. patrick's day without guinness? the irish makers of the world famous stout are skipping one of the biggest st. patty's day parades in the world. we'll tell you why and what it could moon for their parent company. countdown on this st. patrick's day starting right now. ♪ ♪ liz: good afternoon, everybody, i'm liz claman. it is the last hour of trading, and the world markets didn't tank today in the wake of crimea's secession vote as some might have led you to belief they would. on wall street, quite the opposite. investors who sold or sat out last week really kind o

alibaba has been focusing on cross-border growth. it started that way to take chinese merchant goods international. that's their business model and they can do it for b to c. for the luxury brands going into china and goods from china exporting to the u.s. >> alibaba has quite an operation in the united states but we don't talk about it a lot. alibaba.com u.s. businesses get their goods through that website. it might be a random ingredient to a special lotion they cannot get in the united states. maybe it comes from the heating. t --ahiti. what do you think about the extent of the alabama -- alibaba potential to grow more locally and further infiltrate the u.s. and other markets? >> one of the reasons for the u.s. offering was simply control. ma and his partners want to maintain control even though he only on 7.4% of the stock. that is the key reason they are listing in the u.s. versus hong kong. the other benefit is to make this company, maybe to introduce alibaba -- people don't know it outside of china. this u.s. offering, this gl

alibaba makes money for advertising. now the company will make a public debut possibly one day bringing the business state side and competing with well-known e commerce giants. >> going public on the new york stock exchange will be a great event for them. that could really help them be a very, very important force in the u.s. and in europe, as well, competing with amazon and ebay. >> reporter: alibaba generated revenue of 2.3 billion in 2011 which doubled in 2012 and most recent quarter revenue surged more than 50% year over year. alibaba is profiting from a fast-growing chinese e commerce market the company dominates. raymond james peg the evaluation at $150 billion. that's especially good news for yahoo which holds a 24% stake in alibaba. after taxes analysts say that stake could be worth $25 billion. yahoo stock soared nearly 80%. investors are excited about the alibabaipo and piling into yahoo to get a piece of the action. after that, analysts say there will be pressure on yahoo's ceo marissa mayer. >> assuming aliba

what exactly does alibaba do? jon? >> what doesn't alibaba do might be more like it.inese ebay, consumers to each other. then business selling to consumers. and then group buying flash sales site. ali pay is a payments platform. and that's not even the full list. last year alibaba group organized into 25 business units which observers described as a prelude to an ipo. from what we hear they all add up to a big business that's making a lot of money. yahoo! said alibaba cleared nearly $1.8 billion in quarterback several. $786 million in operating income. what's hard to fathom is how far alibaba will grow from here. it's facing increasing competition from local rifleval like ten cent. as alibaba gets bigger, it's likely to continue bumping into the opaque interest of the chinese government. >> jon fortt, thank you, sir. what is the significance of alibaba's choice to file its ipo in new york? joining me for more is jim le camp, senior vice president of investments from ubs. the panel is we me as well, jim. there are two issues here it seems. one the case about whether al

in the united states. 37% it owns of alibaba.s up about 5.6% in tokyo. , thensions in the ukraine worst east-west crisis since the cold war, crimea holding a referendum. an overwhelming majority in favor of rejoining russia. washington says the vote is illegal and threatened sanctions. it did seem that it was going to fly to mir putin's way -- it was going lot america prudent -- it was going vladimir putin's way. >> the west says it was cast under duress. they say it is against international law and against the ukrainian constitution. the ukrainian government not happy at all about this. cry me as leader will apply today to join russia -- crimea's leader will apply today to join russia. here is the ukrainian prime minister giving his reaction. in the autonomous republic of crimea, directed by russia, there is a circus going on. the so-called referendum, 21,000 military personnel are safeguarding the so-called referendum. >> the white house called it be stabilizing. -- called the destabilizing. >> why is it illegal? >> it violates

for the alibaba. >> the turn around is in place. i think all of you on the desk i missed it all of you have talked about yahoo! in the past year or so. you're seeing the turn in particular in monetizing the mobile. just look at the launch of the mobile mail. up 150% since they did that. traffic growth is accelerating once again. it appears as though yahoo! has figured out how to take advantage of mobile right now and the consumer who is gravitating more towards using these devices than being on the desk top. they also have the partnership with microsoft that allows them to continue to roll out new strategies and they are going to monetize the relationship with tumbler. alibaba bought them time. >> the strategy that works best once ali goes public do you get out of some of the other internet names that may be per steefd be more spaengt put money to work in alibaba? will we see that? >> you certainly saw it in the summer of 2012 when facebook became public. it sucked a lot of air out of the room. it hit linkedin. it's possible. i don'

david: tell us how you got involved with alibaba.e they see you as a value in and of yourself, or, did they see your services as networking nice with their own services? >> well, to set the story straight, alibaba did not buy us. they have invested and taken minority stake in the company. but, you know, we share a connection in jerry yang, the founder of yahoo! jerry has been an investor of the company for a few years and, you know, he introduced us as we were speaking to strategic investors and we really hit it off. liz: okay. david: but again, is it because they feel that you're a good investment or they feel they can use your services in what they do? >> well i'll tell you that there has been an incredible amount of attention placed on the mobile messaging space. you need to remember these are apps that you just don't download and forget about. these are apps that you check 20 to 40 times a day because that's where you get your messages. i think opportunity of growing mindshare with the consumer quite large. on top of a communicat

a venture capitalist talks alibaba and the alibaba effect, coming up next. ♪ 3 inches, winter wonderlandward a washington that is closed. a little bit of snow in washington and here in the middle of march they are shut down again. this is "bloomberg surveillance ." i'm tom keene.- with me is alix steel and adam johnson. scarlet fu said, no, i'm not coming in. >> suspending production in india over a wage dispute. he the automaker called a lockout and factories after a breakdown in negotiations with union workers. toyota says it will retain you talks with the union while production is suspended. m&a and freddie mac would be wound down in five years under bipartisan legislation in the senate -- fannie mae and freddie mac. they called for maximizing return on the taxpayer bailout of the two companies, according to the draft. assets will be sold and replaced with government bond insurance under this measure. .witter's ceo visit china -- visit china. visiting china's tech sector and will be meeting with officials from the shanghai government. twitter is currently banned in china and the compa

there is a sight the alibaba side to there is a alibaba story. >> companies like china mobile have hadupgrade infrastructure and they have 72 million -- 772 million subscribers. upgrade thening to network by subsidizing the iphone. expect the profits to decline by eight percent year over year. they have a lot of cost. >> yes. speaking of challenges in the do they have reasons to be optimistic about the future? >> they are talking about growth in some sectors where they hope to expand in those categories. they need to hire international sales force to compete against it. this is all about the cloud and oracle is there. they are not a player and that cost money. they realize that. >> they do so much. they announced a $1.2 billion settlement yesterday. has reached a deal in this issue. and werg is reporting are joined now with more on the story. what is the significance of the settlement for toyota? >> this is a move forward and a resolution of unintended issues. this is years in the making. recall when the issue flared up. it all began with an off-duty police officer who had a lexus that

everybody trusts alibaba. you're talking about tens and tens of billions of dollars getting exchanged over their sight every year. how can you tell me -- it is winners. >> slowing revenue growth the stock will get routed like what happened with twit ear couple weeks ago. >> but it didn't happen yet. melissa: all right. you have 25 seconds, left. i mean, scott, try and bring it home. i don't know how you're losing. >> well, i can't either, melissa. here is the other thing. don't storyforget there are other tech companies alibaba can buy as well. >> i'm most concerned this company is susceptible to slowing growth rate in china. 500 million users will be slowing. >> no way. that is burgeoning middle class. >> peace out, guys. melissa: there is the whistle. [whistle blows] scott, you know what? it is st. pat tricker's day. explains the judges are drunk. no way you lost. thanks to both of you. let's get back to the markets right now. as we said a great day on wall street. solid rally right now. the market is up 174

what we don't know about alibaba we'll find out.e for everybody involved in this process. >> you know, i think it's going to be huge. when you take the biggest commerce force and the biggest commercial market in the world and you put it together with the margins of alibaba, you have investment banker, ipo madness. and to a large extent, i think it's justified, given some of the statistics and some of the characteristics of the business. >> 44% profit margins, how do you get 44% profit margins? how do you value a company like that versus, say, amazon? >> that's hard. these are net margins. now you have companies like zu lilly, trade at fantastic multiples, trade on no gross margin. 44% margin, they don't take inventory risk, they don't have warehouses. they sell ads like google does for those merchants who want to reach the hundreds of millions customers in china. it's an information and media business, that's why margins are so high. >> set a good stage where it's going to list as well. fight between the new york stock exchange and

alibaba, amazon, ebay, groupon all rolled into one. be the biggest ipo since facebook raised $16 billion last may. >> reporter: how can the stock exchange lose the most exciting ipo since facebook to the americans? the issue is over retaining control of the company. the new york stock exchange allows founders to retain control of their companies even if they don't own a majority of the shares. >> from a business and board point of view it sounds quite acceptable. from a regulator point of view and exchanges point of view and the foundations we have out here in hong kong, it's about corporate governance and control of the rights and respects of shareholders. >> reporter: hong kong has begun to reconsider. alibaba will watch future developments in the chinese stock markets. they value it up to $200 billion, which would make it the second biggest internet company in the world after google. but then again, this principal has served hong kong well as an international financial center that protects ordinary shareholders. given the scale of t

new details on when alibaba is going public. we get into a look why the company appears ready to list in the u.s. and the guy behind the google driverless car and the online education company offering classes in conjunction with google and salesforce. we will talk about that later. our top tech headlines -- salesforce has named a retired general to the board of directors. he will be joining salesforce as the company tries to lure more customers. he has been involved with salesforce for a number of years, helping to create the company's charitable foundations. uber will cover drivers whenever they have the uber app open even if they do not have a customer in the car. the issue became a flashpoint after an uber driver struck and killed a little girl while waiting for a fare. and the chinese central bank has temporarily suspended paying for cell phones with qr codes. they want to protect consumers while the governor comes up with regulations. alibaba and tencent have been moving aggressively to bring smartphones to users. first, to

has been its investment in alibaba, 24% stake.eople are telling us that alibaba is prepping for a u.s. ipo, not too long from now, a couple of months. we are also watching sirius xm burden --ng after the liberty media said it is not going to be bidding for the rest of the company. you would think that would not be great news, but it frees up sirius to resume its share buyback program. and finally eric postell -- ale, there are concerns about its cash. they are getting a loan. its first-quarter loss is going to be $.75 per share. for $.17.ere looking much deeper than anticipated. teenage retailers have been struggling. you.ank let's move onto the crimea vote today. john kerry and his counterpart held talks in london on the ukraine crisis. >> i was clear with the foreign minister that the president has made it clear there will be consequences if russia does not find a way to change course. we do not say that as a threat. we say that as a direct consequence of the choices russia may or may not choose to make. talkser several hours of

this is alibaba. informed by china's government that they will not be able to set up certain credit card businesses. i wanted to give you a sense of news and the financial space out of singapore. we have dbs. if it is one see of the key movers in that market. it looks like it is not popping up on the list. look at the banking shares. spending 20 $20 million on this effort to build its wealth management division across the asia-pacific. a lot happening in terms of corporate story and the china news certainly driving sentiment in this market. zeb.ank you, we are looking at the latest from kuala lumpur. about the ministry of mh370. ♪ >> this is "on the move." it is back to the mysterious disappearance of mh370. search, 25o the countries involved in essentially no new news. let's bring in our correspondence. whole host of speculation. what do we really know? >> here's what we know. the airplane operated almost seven hours after the last contact with traffic control and that allows content was made at 8:11

alibaba has chosen new york. we'll bring you all the details. >>> you're watching "worldwide exchange." >> a recap of the headlines, sanctions expected for russia as the west refuses to accept the crimea referendum result. >>> alibaba picks new york for the million dollar listing. >>> and the background of the pilots of the missing malaysian airliner are now being investigated. >>> as far as the agenda stateside today, we have a february industrial production out at 9:15 eastern. look for the march sentiment survey from the national association of home builders. that's it. not much. >>> other stories we are following today, call it the alibaba effect. stocks with china's commerce are gaping. alibaba is now electing to launch its $15 billion ipo in the u.s. instead. analysts suggest the listing could value alibaba around $140 billion in what could be the most anticipated ipo since facebook. it is working with six banks to lead the deal and plans to split fees roughly equally between them. >>> meanwhile, weibo is p

alibaba ipo fees. softbank won out over a bit and acquired sprint. helpedrbnb millions of people find spare couches, rooms and homes to rent. to raise new capital that could value it at more than $10 billion. caroline hyde has been digging into what airbnb is really worth. first of all, tell us a little bit about the business model. >> this has read like wildfire. it is six years old and they are in 34,000 cities. almost 200 countries. you can hire an apartment, you can rent just a room, just a sofa to stay on. they take a little chunk of money from those that are putting those rooms on the website and those that rent the premises. they get about nine percent to 15% of the rent you are paying. it is all about the sharing economy. it has not really entered much of our consciousness in the u.k. they are on a marketing push. city,spreads from city to the value goes up and up. $2.5 billion is how much it was worth a year ago. now, $10 billion. phenomenal. it is getting people very excited. >> as alix friedman was saying, everybody around us says, why hav

alibaba is inching closer and close to going public.imes says the e-commerce behemoth is 95% certain it willies in new york. in a statement to fox business a spokesperson denied any specifics saying we have no timetable, no venue and no underwriters hired for a ipo event. nyse did not immediately respond to our request for comment. alibaba abandoned plans in hong kong with bored nomination concerns. they refused to bend its one share, one vote position. private transactions, totaled $120 billion for alibaba. that is good news for yahoo! which owns a 24% stake in the company. in its agreement with the company, yahoo! has certain incentives to go public before 2014. the stock is down a little bit. alibaba is working moring a gross sieve in the u.s., a e-commerce site that will likely compete with ebay and amazon. if alibaba lists in new york it will need to raise $18 billion, which is visa's ipo if they want to big the biggest one. adam: jo ling, thank you very much. >> thanks. cheryl: china has a bit of a smog problem from all that pollu

the new york stock exchange is, indeed, in the lead for the coveted alibaba ipo.lie said it days ago, so is there anything that nasdaq ceo bob greifeld can do to push the odds to his favor? what can he dangle here? >> i can just say let's say, let's get to the point of why we were first to report that alibaba, that in the lead of this, you know, where alibaba's going to have its shares officially listed and traded that it's the new york stock exchange, it's not because me or anybody be else has some great insight because now the journal's weighing in and all these assorted analysts that don't know what thai talking about -- the reason that i know this, i can't tell you why they know it, i think they're following us, is because every major bank on this deal, there's about four banks that's on the deal right now, each one of those banks have a, essentially, a bias against the nasdaq. liz: okay, i've seen jp mayor can -- morgan, morgan stanley. >> big bias. liz: because of what happened with facebook. credit suisse, why? >> is goldman sachs in this deal? liz: goldman

we think it will go higher with alibaba.could have a turn around of the same sorts, but it is certainly not guaranteed. as a shareholder, obviously, i believe in it. >> benj, good to talk to you this morning. we're going to lose the line on you so we have to go. we appreciate you speaking to us. thank you so much. >>> don't forget blackberry's ceo john chen will be speaking to cnbc following results today at "squawk on the street" at 11:00 eastern which is 3:00 cet. >>> amazon says it has no plans for a free streaming video service, addressing speculation ahead of the media in new york. "the wall street journal" reports amazon is considering a free music streaming and tv video service supported by ads. amazon has invested heavily in providing shows and movies to customers who pay $99 a year for its prime service which offers free two-day shipping. amazon stock in frankfurt, barely moved, just up 0.1%. >>> walmart is suing visa over so-called swipe fees. the $5 billion suit filed earlier this week claims visa passed on unreas

alibaba could be valued as much as $200 billion by the end of it. i spoke with our editor cory johnson, bloomberg editor paul sweeney and another executive who helped bring google to china. how critical is it that alibaba is going public in the united states? >> we have been anticipating it. it pays back yahoo!, who has a big stake in them. the second thing is that they have been acquisition free. going public will provide more currency for them to make more acquisitions. they have spent a billion dollars worth on acquisitions in the last year. we just heard they took a stake in any video and movie production company. it is been watching a lot of stuff in the mobile area. >> what kind of numbers do you expect to see? >> some of the numbers are staggering. i think where investors will start is with the overall chinese market. there is over 600 million registered internet users in china. that is growing dramatically. in e-commerce is a bigger part of the overall retail sales environment in china. quote it is a big base to start with and of course, cor

thealipayied to take business out of allie bamber -- alibaba.resting character to keep an eye on. >> these billionaires are so eccentric. on friday, we had the actual ipo filing for another big chinese company, what can we learn from that filing? >> they are directly related. this is a big deal. this is the twitter of china. it is a great big giant business where you see some of the same measures in terms of rapid growth and rapid revenue growth. grow atseen a user base a very fast base, 129 million active users just like twitter. the user growth rate has slowed a little bit with the addition of new use. this will be a big ipo also, one of the biggest ever. >> thank you. one of the big decisions for jack ma was where he would list those shares and he chose the united states, not hong kong. julie hyman is looking into the advantages of a u.s. listing over hong kong and describe exactly what was behind this decision. >> the most important thing had to do with corporate governance. hong kong would not allow the structure that ma had put in place wh

first of all, what concerns you and about alibaba weibo? >> these companies have invariable interest structures. you have to remember that the structure is the successor to what they did in the telecom sector. in the 1990's, the chinese government basically took the foreign investors out of chinese intercom by taking away their shareholders. , like the vip structure that ali baba is going to use, is probably illegal. you have a situation where the chinese government is submitting the situation -- permitting the situation to continue but can change its mind anytime. >> you have a long list of baba's ipo could be disastrous. the condition of the economy in china. the fact that gdp is growing more slowly than it has been. how much growth will be in the a? they havelibab more transactions than ebay and amazon combined. declining. a it's like 50% already. clearly it's at the point where it is at saturation. the most important thing is that alibaba has competition. it is very capable. tensen is the social media king in china. it can be much easie

alibaba's writing coattails. -- riding alibaba's >> coattails. >> the first outside investor in facebookut the next big tech ipo. .eter theil anyone who sought the social network, he was the guy who was the strategic arner -- partner. the only thing you should focus on in "the social network" is justin timberlake playing sean parker. >> he was really good. he is funny, he is a great dancer, great singer. he is super hot. >> this is "market makers." -- we talk about the economy. we're going to talk about janet yellen and what it has done to the market. catch us streaming, on-demand, on apple tv, on ipad, any device you have. stay with us. we will be back with more in a few. ♪ >> a new giant is investing in mobile messaging, ali baba. they let a $280 million chat app. in a video julia hyman has been following the story. andst got used to whatsapp having it on my phone. >> where have you been? tell me a little bit what tango is. >> it started as a video chat app. >> like face time. >> this was a way to do it on the android platform. -- for mobile, unlike skype. built for mobile, mike skype.

and alibaba. seeing. >> in the meantime, i read $400 million of fees, $400 million of fees potentially for wall street to take from this ipo. that's astounding. >> good for them. >> they're meeting in asia next tuesday to figure out what that breakdown of the economics there be, what the valuation of alibaba will be. it's unclear at what point we will see whether alibaba tends to make something more of its investment in tango. >> can i remind you we're waiting for the president to begin talking about the ukraine. we've had an announcement within the last hour that before he gets on to air force one to go to florida that he will be making a statement on that. and so as soon as the president does appear on his way, we will bring it to you. >> we will, indeed. >>> in the meantime, second topic, #arcane, hashtags and at signs may be a thing of the past, we hardly knew you. vivian shiller hinting at a recent conference in denver that at signs and hashtags were arcane and feels speculation that twitter

, they may as well get alibaba us.e been pitching for the ipo of j.d..com, which is another chinese commerce site. our clays will survive. it is a strong investment bank. it does show you a little bit of how some of these feuds do take shape. >> you were telling me he wants to -- he wants sprint or intbank to be the biggest 500 years. investment banks have conflict among clients all the time. managing those conflicts is one of the most complex things they have to do. this kind of personal vendetta, assuming this reporting is accurate, which of course it is, is quite unusual. veryhas a lot to do with a unusual chief executive. >> he likes to fight. he absolutely likes to fight and that has been made clear over the last few weeks. >> what a character. matt, thank you so much. >> you have all heard about wearable tech, but what about wearable tech for dogs. that is exactly what san francisco startup whistle is doing. emily chang checks it out. >> there is the pebble watch and the thick. and then there is whistle. for your

how barclays midst is chance to get in on the alibaba ipo. and one issue that gets mark zuckerberg really fired up. he is going to have to talk to the president about it today. robots in motion. find out how these machines help to film the amazing movie "gravity." and inside fendi, the family growing the 90-year-old fashion brand. we are going to kick off with what everyone is talking about today, a special day for the wonderful world of microblogging. >> we want to help celebrate the birthday of twitter. the site first launched eight years ago today. >> i am sure you have seen it all over, the company turns eight today after going public in november last year, they now have a $28 billion market cap and over 240 million viewers. not bad. hundreds of millions of viewers continue to flock to twitter every month to experience moments in their lives and moments in the world. >> if only somebody could come up with a meaningful way to wish twitter a happy birthday. >> turkey has blocked access to twitter. the prime minister said that they removed t

does nasdaq care about getting the alibaba ipo.ot but charlie gasparino is here with exclusive details. charlie. >> nasdaq officials tell fox business network that they believe they're still in the running own though there are lots of reports, we were first to report nyse, new york stock exchange is still in the lead. why is that? a lot of underwriter angst. people doing the deal, goldman sachss, morgan stanleys, they have bias against the nasdaq these days following the flubbed facebook ipo they were a part of. not only that the implosion of the nasdaq trading system a couple months after that. there is bias against nasdaq. despite that nasdaq officials say they're still in the running for alibaba ipo. when you look at this stuff, look at the business model an talk to people at the place. here you get the feeling, yes they will mange a pitch for this. yahoo! partially owns a piece of alibaba. yahoo! i believe is his listed on nasdaq. there are ways in on this thing. they're telling less reliant on the quote, unquote listing busine

how does this apply to alibaba?portion in 2011 and that's when they sprang into action in washington. it is a typical washington play -- they started spending money on lobbying. they also brought on board the former top lawyer for the u.s. trade representative, but the interesting thing when i look back on everything that happened as the company did not just hire people and let them work. they started making significant internal changes. that's where things started to improve and the next year they were taken off the list. >> it went beyond the traditional d.c. lobbying. what did it mean for the u.s. china's relationship when alibaba was taken off the list? >> it is a big deal. company in just a the u.s., this is diplomatic. when the u.s. trader at placed them on the list in 2011, china's commerce institute openly complained about it. for the u.s. and china's relationship, this is crucial because when they took it off it was a tariff to china. the relationship continuing outreach and piracy and counterfeiting is alw

china's e commerce alibaba could raise almost as money as facebook did. joining me now is jared leafy, good to see you again. >> good to see. >> you tell me more about alibaba and how big is it, really. >> it's a fascinating company and it accounts for 80% of china's e commerce. it's more than amazon or e bay, it has hold negotiation media, gaming, these guys are really all over the board. what's even more fascinating is the fact that the company is very strategic in its acquisitions. it has one major competitor, and the reason why people are looking at it and why it's getting over $140 billion valuation is the fact that this could change global commerce. tony, if you look at their site they have an american site set up. could you set up a factory. say you wanted to set up iphone cases, you could set up a factories, $0.03 a pop, ship them to the u.s. and sell them. it could be a big driver of future profits. >> alibaba is either here or moving to the united states, and what will the impact be on american consumers, you think? >> you know, it's difficult t

. >> a new state of mind for alibaba.has set its mind on wall street and what could be a record-setting ipo. details on that coming up. you can follow us both on twitter. a very happy st. patrick's day. >> it was a great weekend of rugby. and yeah. happy st. patrick's day. ♪ >> welcome back to "the pulse." live from london. >> these are the bloomberg top headlines. >> crimean lawmakers have declared independence and formally ask to join the russian federation. the european union and u.s. have warned russia not to annex crimea. >> we propose to move to a further stage of the european response today, with travel bans and asset freezes on individuals. that is one of the things we will be discussing today. i'm confidence we will reach an agreement on that. at the same time, every diplomatic channel remains open to russia. itsalaysia is broadening appeal for international help in the search for the missing flight. authorities have asked 26 countries to support the mission that stretches from kazakhstan to the waters of austral

. >> alibaba leaves an investment in a tangle. also, the paypal founder will be joining us later on. he is weighing in on carl icahn's proposal. symantec has fired its president and ceo after two years on the job. the world's biggest maker of security software has posted declining revenue. stocks are down this year. board member michael brown will be an interim director. a former microsoft employee has been charged with revealing trade secrets from the company, including code. according to federal officials, the russian national admitted that he provided the information to a french blogger. google has enhanced gmail security features. 100% of gmail messages will now be sent via an encryption. no one can read your messages. documents leaked by edward snowden allege that the nsa was intercepting google transmissions. >> cory johnson is with me now. air b&b is set to raise $450 million. >> those are amazing numbers. raising $450 million is an incredible thing. the notion that they would have a company valued at $10 billion before the

the major question is every year we hear about alibaba. >> it never seems to happen.ke 2014 the year? >> i think they decided to become more transparent and decided to go public. the numbers are starting to leak and supposedly the leaked numbers are amazing. >> scarlet, get us for the weekend. >> we have to look ahead to the stories that will be the dominant themes. ukraine, the meeting happening right now between john kerry and sergei lavrov. >> look at the markets move, the russian yield spike. crimea, russia -- germany front and center. i thought our interview this week really focus on the relationship between chancellor merkel and mr. putin in russia but this is exceptionally fluid friday into saturday. >> she is a russian speaker. there is also a very strong relationship. germany accounts with recorders of the foreign direct investment into russia. that is how tightly involved they are. >> shout out to richard haass and the council on foreign relations. about the former u.s. ambassador to russia was great about how alone mr. putin is, versus having a set of advis

alibaba following in the of the big one, facebook?ck. ♪ >> today marks the first day of the new season. we are all looking forward to warmer weather. the end of this brutal, miserable winter. the end it to economist and corporate leaders trying to use the cold and snow as their excuse for poor numbers. mike mckee wonders if this woes are not ar bit exaggerated. jobless claims today, not bad. go, not a bad one. let's throw out the video. peabody's you in mr. way back machine and go back to february. it was a snowy winter. it was a cold winter. the national weather service has a map that shows how cold it was almost the entire country. temperatures below normal and a lot below normal in the midwest during the month of february. you would think it should have affected the economic data. what would it affect the most? housing. are you going to go out and build a house? look at the data. almost no change. in january and february, better than i was -- than it was in august and september. we had a little bit did down in the month for jobless

ipo for alibaba.egulators failed to approve the government structure. missionch for a malaysian airliner is entering its ninth day. let's bring in hostile in the -- haslinda. >> this is likely to be the longest time. every day.ets bigger authorities have asked 25 countries to support the measure now stretching here. the majors has also change. deep remote oceans as well. among countries being asked for pakistan, is bangladesh, india. what we know now is that the plane operated seven hours after the last contact with air traffic control. this transmits data to and from planes. it was able to jump before the coast. between malaysia and an aircraft that control. the is why the focus is on crew. they have searched the homes of the pilot, copilot. they're trying to figure out why the plane was flown off its course. there are no suggestions of a motive. no one has claimed responsibility. with other aircraft you knew the work hijacked. >> that is the thing. scrutiny for more the crew. what do we know for the

helping alibaba get on the playing field with ebay, on the playing field with amazon.lients and the people who follow you that you have to get into it as soon as possible? >> we tell people to wait weeks or months with an ipo. with alibaba you want to watch it carefully and maybe three or six months down the road will be part of your investing purview. gerri: pick a price, it is going to pop like a champagne cork and god knows where it is going to go. >> the problem is there's always a huge hype around an ipo like this. they will price it superhigh. not so great for the investor. paying top dollar to buy that company. i would wait a while for the valuation to come down. >> to you, we had a pretty awful good day in the market after last week, what do you make of that? >> it is on light volume. take money off the table. i think it will be wise going into the next couple of months. gerri: do you agree? >> i agree. there is no doubt about it. the market will have some trouble because of what is going to happen with quantitative easing. a difficult ride over the next few mo

alibaba has chosen new york as the destination of the long-awaited ipo as one of the largest ipos inhe u.s. >> and else there going public in new york instead of hong kong or m mainland. who will be the lucky host for the $16 billion? no word on when they will file but it month. take a look, six banks are in charge of underwriting. unlike facebook and twitter, alibaba is lik likely to get eql or presentation according to the journal. yahoo stock a nice bump on the news. up about 4%. yahoo owns 24% stake, second only to japan softbank. up about 4%. speaking of ipos, they have filed to go public in the u.s. and they plan to raise $500 million in that ballpark and we will have more than 129 million monthly active users. alibaba had 18% stake in that company and exercising the option to increase ownership to 30% according to a filing. the stock doing very nicely up almost 8% today. adam, back to you. adam: thank you. cheryl: across the pond, owner of jimmy choo labor talks and talks with ipo. it is estimated it could be valued at $1.7 billion, that is the midrange of the ipo pricing. usi

>> i looked at what alibaba did. 2011, they were named to this list by the u.s.de representative. 2012, they had brought on the former general counsel to be their lead on this issue. at the same time, they started major outreach with industry groups. motion picture association of america. recording artists, software groups, groups that complained openly to the trade representative about the piracy and counterfeit issues. they filed a 29 page letter with the trade rep, laying out all of the things they had done internally to try to counter and combat the problems they were facing. process,ontinued this i december of 2012, they were off the list. 2013.tinued into they started signing agreements with international counterfeiting organizations. month, the just last ustr announced they would no longer be on that list for the second consecutive year. >> phil mattingly, joining us from washington. bloomberg is on the markets. senior markets correspondent julie hyman, good afternoon. >> we do have a rally going on today. levels,e up to record but pretty sizable. the s&p

why is alibaba expected to be such a hot ticket in the u.s.. ge, other companies, a growing concern that russia may retaliate against them for the russian sanctions. saying that they were just getting started. wednesday, coming from the west coast. ♪ >> 18 months ago, alibaba was under u.s. scrutiny. now the chinese e-commerce giant is headed for what may be the nation's biggest ipo since 2008. joining me again, i cohost for the hour, michael for kick -- and ceofertik, founder of reputation.com. nothing like a few billion dollars to turn around the reputation of the country -- company. >> you could do a lot with that. just between friends. >> you could. the fed coverage has been completely praising of this business model. the fact of the matter is that it is still closely tied to china. and the chinese government. how it is so anti-competitive. the piracy issues. is any of that going to come to the fore? >> i think that it will. we have to understand them in the context of what we know. there is no analog in the united states or even in the wor

don't know what alibaba is. i call it the amazon of china but that's incorrect. i want to buy 18 chainsaws made from a chinese manufacturer, whatever it is i met the founder years ago at tavern on the green when that existed in central park. he's like, oh, i have this new company alibaba. i said, this is never going to work. never been more wrong about anything. >> we saw him two weeks ago in new york. and he, well, anyway, the point that i was just going to make is that -- >> you have to imagine that everyone is courting him at this point to try to get a part of the ipo. >> there's six potential underwriters trying to do this crazy thing. they are not claiming anyone is the lead underwriter. we'll see if that happens in truth, but i think the larger question is what this means for yahoo! in that do they sell their shares, how do you actually value yahoo!. and if the price actually makes sense right now, it's an indictment of yahoo! itself. >> a yes for you, what are the investment banking capabilities of the ch

alibaba, do not use barclays. top bank has a stake in alibaba.ast time this happened was june of last year. guess what, they used 13 banks, but did not use barclays. the next is the ipo, which could be worth $18 billion on the come to market. haver come using thanks we mentioned already, which includes credit suisse, morgan stanley, goldman sachs, citigroup, morgan stanley, but not barclays. >> when one door shuts, another window opens. let's look at the positives for barclays. >> the positive perhaps is it is not involved in alibaba, and therefore other options are available. in jd.com, the stake my name, obviously, and when the company goes to market in july of this year, barclays could be the underwriter. i could be the upside. analysts a it is worth $20 billion when it goes to market. that is perhaps the window opening, but the door that was a big door. alibaba is the second biggest company in china. quickly, i wanted to ask all week about the big news in the tennis world. course,ray, of splitting with his coach, ivan lendl. as a man who love