stock when alibaba starts trading because alibaba and yahoo! are joined at the value hit. >> they are. alibaba is going to take some of the money from its ipo to cash yahoo! out. the fate of yahoo! seems currently to have a lot to do with the financials of alibaba. >> this will not be a taxable event for alibaba unless they sell the shares. is that correct? in just about every conference call he has done for the last year or so, they are looking for a way to tax the position and give that money to shareholders. i ran into him at a golden warriors game. he had great courtside seats. they have not figured it out but they are still trying to find a way to repatriate that money. >> we are going to have more in a moment. let's move from san francisco to washington. the united states supreme court has curbed the president's power to make temporary appointments. the justices ruled unanimously that president obama exceeded his constitutional authority when he appointed three members of the national labor relations board in 2012. ruling.ll us about this

alibaba owns 66% of the uc web, alibaba founder, jack ma is on the board.he deals flow out of the e-commerce giant ahead of ipo. this is latest in string of deals by alibaba this year alone. we're barely halfway through. this particular deal is valuable because of search engine and there is app store and gaming. we're talking about 500 million active users. when you talk about the china and internet, it is never small. liz: charlie gasparino has reported that alibaba will probably do a late july road show and then an ipo in early august. >> we have to remember, it will not be august 8th as we've been reported for a while. it is friday. they can't trade in asia. liz: that is why jo ling kent. you can only get her here on fox business. she has the best information. >> thank you. liz: closing bell ringing in 28 minutes. mario gabelli is live, is here in just a moment to tell you if the markets still have more upside after today's retreat? does even care? he is already buying individual stocks. he is a master stock researcher. so we'll ask him about the current

it processes payments for chinese e-commerce giant alibaba. global payments is expected to reach -- partnership, this the striped cofounder joins us now. stripe partnership, a cofounder joins us now. i don't understand it. can you coach me? >> for usure. alipay has had little attention given how large they are. hundreds of millions of consumer accounts in china. if you look at what stripe does, we make it easy for websites and mobile apps to accept payments. there has been this emergence of global companies like go pro, dropbox, mobile marketplaces all of them have specialized payment needs and that is what stripe handles for them. today you can only sell to the credit card crowd. credit cards are dominant. is the dominant payment method in china. it is not. cash is dominant. >> for online. so if you are a western merchant and you want to start growing your customer base internationally, credit cards will only get you so far. this is about enabling western merchants to address a larger market. over the past year we have growing our support and

for a second. 2013 rumored all year long about alibaba ipo. it was ratcheted up and what it met.he chart here, okay. the stock up almost a 100% last year, 45-degree angle, bottom left, upper right. this is 2014. it's gone sideways here, okay? the stock is down 15% on the year. here's the year-to-date chart. what's interesting is this circle here, okay, this is when alibaba finally filed their s1 for the ipo. what did the stock do? cratered right here, okay? spent a little time going sideways here. that was clearly a sell to news situation. the stock recovered, and weeks ago, filed and amendment to the s1, both instances showing slower growth. look at that, bam, okay. the stock bounced today, but in general, i guess the main point i make is that all year last year, it was kind of by the rumor, and this year is sell the news. one last point about the price of options here. even with that big seller in the gm 40s, this is the price of volatility. look how it moves up as of late. that shows you this is a name in a low environment where a lot of stocks have implied volatility near all

i think the reason is alibaba aeb strengths are also its weaknesses.iggest strengths are it controls 70% to 80% of all online retail in china. and its margins are huge. those are its strengths but those also are going to be its weaknesses because it's tough to grow margins when you're already 70% to 80% of the market. so i think that people need to accept the fact that revenue growth is going to come down. even the 35%, 40% growth you're seeing is going to get lower. and margins are going to shrink. but in spite of those things, i think alibaba is worth a lot of money. my estimate is about $140 billion, and i don't think that will change much after these new numbers. >> nothing to sneeze after obviously, josh brown. >> i agree with your analysis. i read your post. i think, though, when you hear people talk about a range in valuation of between 150 and 220, which is hilarious in and of itself, i think there's some question as to whether, "a," they're planning on coming into the european market and the u.s. market. and how to discount that pope terrible

what did we learn about alibaba today?e of the biggest things we learned was that the company is not going to grow at an incredible pace forever. while it was great revenue growth, the sales went from about a bill into -- one billion to 1.9 billion, which is great. the fourth-quarter growth really accelerating, they were hoping the trend would go better into the ipo. yahoo! shares down about 5% today. what is yahoo!'s position on alibaba and what is going to do with the stock after ali baba goes public? >> we're going to sell some of the shares under the ipo, it is a substantial portion of the company. it will raise a lot of money. we do not know what they will do with the proceeds. fundamentally yahoo! will walk away from this. they have some wiggle room. as we start to get a sense of what the market reaction is going to be, they may sell even more in the ipo deal. >> if alibaba's business is doing so well, why would they want to sell it to the public? >> a lot of investors want their money out of this deal. they have wat

we have new insights into alibaba. get prepared for what could be businessst ipo chinese in the u.s. what have we learned about alibaba's sales? >> their first-quarter earnings came in a little bit less than satisfactory. revenue growth and their profit margin both reported a drop. also in the fourth-quarter profit growth it was only 39% compared to 71% a year earlier. that typically generates a slow economy.r the chinese that's because a lot of them choose to take the time off for the lunar new year holiday. part of the slowdown has to do with the sheer scale of alibaba. it is operating at such a massive scale right now. for them to look at new growth it takes time. also you see a migration from mobile shopping. a lot of the transactions recorded are on mobile. they are 27% of the transactions compared to 10% a year ago. these take time to develop. thehat did we learn about planned ipo at alibaba? >> in the latest filings we learned the 27 names of the partners. these people are holding key company. in the they have b

. >>> it's thee most anticipated ipo of the year, why the alibaba ipo could be doom for yahoo!. it's the one thing on every trader's mind. >> you are not! >> well, that and why ge's under performing the market so badly. we'll tell you what it could mean for the rally. that's when "options action" returns. plause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> welcome back to "options action," we have a change in the indexes to tell

the company processes payments for alibaba. this is nearly a third of all he alibaba's business.e're are joined by john collison. have read this perspective and getting my head around this business is particularly tricky. i don't understand this so well. can you coach me? ay has, i think that alip had surprisingly little attention here. of millionsndreds of consumer accounts in china. we make it easy for websites and mobile apps to accept payments. over the past 10 years, there is the emergence of companies like go pro, specific -- should description services like dropbox. i'll be specialized payment needs and that is what stripe handles. -- all need specialized payment needs. are prettys dominant. ipay is thehat al dominant payment method in china. it is not, paying with cash is the biggest way. >> if you are a western market and you want to grow internationally, credit cards will only get you so far. western markets to grow internationally. this is where merchants cannot only address the alien or so credit cardholders but also the alipay account holders. but there are notions a

>> and coming up, alibaba's u.s. push debuting today.xclusive details on that ipo. >>> plus, problems with the tax man. why europe is going after apple and starbucks and an $18 billion problem, global protests against uber, but first, home renovation for the digital age. diane olick, what exactly are you watching? >> i'm watching home renovations done virtually. imagine being able to see all this, all done, without ever breathing in one speck of all this dust? we'll show you how, coming up next on "squawk alley." financial noise financial noise financial noise >>> got to love a good new yorker cartoon. right now, looking live at the exponential finance conference in new york city, where lowe's announce add new technology it hopes will take the stress out of home renovation. diana olick got a closer look, live in washington with more. hey, diana. >> reporter: hey, you know what? we've all been here before. right? deep in construction. hoping that everything we've planned and everything we've picked um cans out exactly how we wanted it, wh

today, butencent alibaba most often. m&a. is surging an monday morning, back to the cubicle in depth. let's get an assessment in singapore. the second quarter, the first half winds to a close. how does the report card look? >> india has been a star performer in the second quarter. india tops the list in asia. take a look at this graph, 12% higher. you won't find any other benchmark in the region with double-digit gains. to modi.uld have to go he was able to revive economic growth. business leaders like for what he has done. investments he helped to bring and helped to quadruple per capita income. but his immediate concern is something beyond his control, the monsoon. a 10% drop may add a percentage point to inflation which is already surging. the political part myra notwithstanding, never mind martial law, a military coup, a point of government, up almost number eight percent in the quarter. a step toward possible resolution to the political divide. we saw six months of antigovernment protests. in indonesia, the presidential

alibaba releasing new details about its ipo.he company revealed its board nominees as well as the 27-member partnership that's going to control the chinese e-commerce behemoth. the partnership has the exclusive ability to nominate a majority of the board, effectively ensuring it's going to control the company, not the public shareholders. yahoo! a big alibaba shareholder, taking a hit on the news, maybe on some of the numbers in here. kayla, what did you see in there? >> first of all, they detailed who will be on the board. we have some familiar names that i just want to mention right off the top. jerry yang who was an alibaba director up until 2012. he is expected to rejoin the board, of course, yahoo! co-founder. but then michael evans who was goldman sachs's former vice chairman, head of emerging markets, head of global growth markets, he's very familiar with asia. former goldman sachs exec will be on the board as well. the rest of the nominees to the board mostly alibaba executives. here's why i think yahoo! shares are down

the alibaba management is also said to prefer baba for the ticker symbol for alibaba. why not. amazon is about to jump into the crowded smartphone market, unveiling a smartphone later this month. amazon tweeted that it is holding an event in seattle on june 18 with ceo jeff bezos scheduled to make an appearance. the tweet included a picture of a thin device with the amazon name on it. it would be the latest equipment from amazon. we helped break the story. adam, a phone is provocative, i think, not just because it is a phone but one wonders what it will cost. like, could it be free? what kind of things will they do to juice sales? >> amazon is a fascinating company, so there will be all sorts of interest in the specifications of the phone, but also the business model that amazon and jeff bezos may have something up their sleeves, a new way of selling the device, priced in a different way. a lot of anticipation in the next couple weeks. >> you also wonder how customized it might be. presumably they will use android software, but maybe not. >> they have been using a variation, th

alibaba has handled $248 billion. double the size of amazon. it appealed for the united states with a valuation that could be as high as $2 million. >> it's probably the largest technology company. it is bigger in china than facebook, google, amazon, yahoo. >> it aims to draw in high-end shoppers, but right now its invitation only and in a crowded marketplace it won't be an easy sell. >> just because alibaba has these deep pockets does not necessarily guarantee success. they'll need to have great merchandise, then they'll need to get the word out and ensure that their marketing is up to pa par. >> though 11 main is alibaba's first product launch the company has been busy investing in american companies. the company has invested hundreds of millions, part me, tango, a mobile messages app lif lift, the car service app offered by uber is designed to make getting around town less stressful. but today it was the cause for a traffic tie up in europe. in berlin it clogged the streets. the protesters say they're losing customers to uber because it circ

what is going to happen with alibaba? do not know. >> coming up, we look at the damage facing barclays. dives took a dark pool yesterday. ♪ >> welcome back to "on the move ." the is one stock that is on move, imagination technologies. shares in this company being listed. intel raising 51.20 5 million pounds from the placing of these sales. intel now has about 13.4 million imagination sales. imagination technologies is a company that develops and andnses software intellectual robbery e. barclays is back in the spotlight today. it trades more or less flat this morning after 2.5 billion pounds was wiped from its market capitalization yesterday in the wake of a new york attorney general alleging deceit in its dark pools business. manus cranny is here with more. bring us up to speed on the latest. >> the allegations have consequences. we understand the number of institutions are pulling their businesses. what caught my eye is the people who have not been doing business with barclays. jp morgan, goldman sachs, morgan stanley. e

is a shell except for alibaba. a measurement and if it goes lower, of what myers accomplished. i always hoped that yahoo! would get the alibaba money and then go by a series of companies making it more relevant. if there isn't as much money, yahoo! may be less relevant. >> alibaba, don't be confused, it was sequential growth rate off the last quarter, singles day, that was expected to put in perspective. full year fiscal revenue growth 52%. net income groat 305%. revenue growth did decelerate from q4 to q1 of the year, the actual year. but you know, that's because they suck a lot of the marketing spent into that period of the year. so it isn't as much there for the march quarter. jerry yang will be on. 47% of gmp, revenues up 691%. >> maybe those people who felt alibaba was going to be worth $250 billion -- they've been the leader in trying to figure out how much -- say alibaba comes in 200 billion, you'd still buy yahoo! on weakness. >> so many other names this morning. right back with the opening bell on "squawk

battle is over alibaba officially listing the biggest ipo over in the u.s. on the new york stock exchange earlier the nasdaq spoke to cnbc why it would be the better fit. >> alibaba, you have apple, google amazon gopro today. we have the list. >> what are the takes for this company if alibaba competes on your exchange. >> it's like every other ipo. we think we are the home to innovative companies and the best place on the list. >> joining us now, now the decision has been made in this cnbc exclusive ahead of listings. bruce, great to have you with us. what happened? some people will look at this look at 26th. they will say the nasdaq has momentum when it comes to tech liftings. >> we had a good day today with gopro. we had a large ipo so far, saber, two of the lampblger deals out of china already this year. we are about to get the 100 ipos for the year. we had a great year. obviously, we would have loved to have alibaba, they are very much in the game. nasdaq is very much in the game. >> what happened between 11:00 and the time the fuse broke, which is about

there were certain issues that came about when alibaba did its partnership with yahoo!. some political differences between the u.s. and china that created a difficult situation. but what i found is the story is universal. i've shown in silicon valley, in nigeria, and colombia, and entrepreneurs around the world can all really relate to it. >> what kind of a person is jack ma? what would we learn if we sat down with him and spent some time? thee is not well known in u.s., but if you go into the store in china there is a whole set of books indicated to his leadership philosophies. people compare him to steve jobs, and i think that is a fair in the chinese context. he is a very innovative person, he is a very idealistic person. mark zuckerberg, try to build something for the long-term and not a short term gain. >> as far as putting the documentary together, was there any challenge to try to retell the story? you do not know whether it will be a success when you're doing the work at the very beginning. >> exactly. i made the film after i left the company. i spent a few years

the chinese e-commerce giant alibaba is set to go public later this year. expected to raise more than $15 billion. jack ma founded alibaba in 1999, and his partner portman erisman has recently documented this in a new movie called "crocodile in the yangtze." you have got to explain a little bit about the trajectory of your life and how you came to be connected with ali baba before we get to the movie. >> yet, sure. i went over to china in i wanted 1994. to be a part of what would be the next big thing, which is china and its growth. i happened to be there in 1999 as the internet darted to catch on. my friend introduced me to this english teacher who had just moved his company out of an apartment, and that was jack ma. he had a dream i thought i wanted to join up on, so i joined in 2000. >> at this point, there is no inkling that alibaba is going to be a $15 billion company? >> i joined it to be a part of the dream, but he was an english teacher and his cofounders working with teachers and students. it was hard to imagine that the company would become this b

let's get to the summer of alibaba.nt could ipo as early as august, and charlie gasparino now has exclusive details. that seems interesting to me. nobody's around in august. >> well, let's just be clear here, the 8/8 date that people were saying because it's a lucky date in the chinese culture -- will. liz: aha. >> -- is not going to happen. that is going to be way too into august to price this thing. it's going to be the biggest ipo ever. it's run by jp mayor began, morgan stanley, goldman sachs. alibaba is eyeing an august date, august, sometime in august, early august to price this ipo. i don't believe it's going to go until august 14th from what we understand, it's going to be early august where this thing prices. here's what we know. alibaba's cognizant that just about every investor in the world is on vacation later in the month. that's why, from what we understand, alibaba will begin the sort of process, the road show and all that stuff in july. look for july where the wheels go in motion, and this thing starts t

and alibaba.rning alibaba doing a very large deal, obviously that company is going to be coming public. we can start counting it down. i mean that road show from what i hear is going to be begin towards the end of july you'll have two weeks, maybe you do end up with this initial offering of alibaba taking place on the 8th of august, 8/8 being lucky numbers, 8 being a lucky number in china. we'll see. timing wise, though, we know it's not far off and so a key question, of course, is yahoo!. right now, it has not changed how much stock it's going to sell. there is speculation whether it will shrink that and perhaps the primary shares sold by alibaba will increase. for alibaba's part originally if you recall, they weren't going to sell any primary shares. they are now doing so. so that is increasing the size of this initial public offering. it could be $25 billion worth of stock sold on that day. they'll use some of the cash they take in to pursue more m&a which they are doing at quite a pace right n

i would add the insight on alibaba.jpo income came out, which is the competitor of alibaba when it comes to e-commerce business to consumer, jd.com chose to list on the nasdaq and we felt that almost everything jd.com has done, alibaba will do something different, including totally different underwriters and here with a different exchange. so they're going to be different. >> appreciate your time today, kathleen smith, principal, renaissance capital. >>> moving to the latest comments from vladimir putin who has been speaking today, he's called for long-term cease-fire in the ukraine and talks between representatives of kiev and eastern regions. this is key because the ukraine has signed this trade agreement with the uk today and immediate reaction from circles in russia, from the ministry were negative. the deputy foreign ministry for russia saying great consequences will follow the uk signing with the agreement and they this comment is very different from what putin is saying where he's talking about further talks on t

for alibaba that has yahoo has 23% stake in alibaba so yahoo pulls back.een hovering around 12, 13, $14 then the whole alibaba thing began and now everybody is eagerly awaiting alibaba and the stock really is running up. almost $45. stuart: germany scored on a penalty kick against portugal, they lead 1-0. a guest who says if you aren't of interest investor, now could be the time to put your money into iraq. yes, she really makes case next. (mother vo) when i was pregnant... i got more advice than i knew what to do with. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. stuart: the administration is contacting hundreds of thousands of people with subsidized health insurance to resolve questions about their eligibility. elizabeth macdonald is here. let

you connect alibaba to what is going on in asia and the attraction at this trade show.deals getting done? but was not privy to that, there's no question in my mind that there were western venture capital people there, as well as koreans and other agents. sians. three other companies around the world have contacted us about starting 3-d printing and other countries. we will shortly be announcing taiwan and the netherlands. >> when is the next important 3-d printing conference that people should put on their calendars? melbourne, australia, and july 10 and 11th. and then we're doing the first whenever in hong kong at the end of august. japan in september, and then santa clara, california in october. >> some frequent flyer miles. thank you for joining me. , how about a vacation for you and a staycation for your pet? and i also talk with the creator of an app that helps you to create your own animated videos. ♪ >> would you like to create your own animated movies? what about skit? a software designed to be easy enough that anyone can create their own movies. the company beh

because alibaba and yahoo are joined at the value hip. >> yeah, they are. and with respect to alibaba and take the money they gained from the i.p.o. to cash yahoo out. indeed they are trading or everybody knows yahoo has been responding to the filings of alibaba and the fate of yahoo seems currently or at least the stock price seems to have a lot to do with the financials of alibaba. >> this will not be a taxable event for yahoo unless they sell the shares or is that incorrect? >> you know, the yahoo chief financial officer ken goldman has taken this question just about every conference call he's done for the last year or so. saying that they're looking for a way to get this done. so it will not be such a agsing position. and i ran into him a month ago and one of the last golden state warriors games and some great courtside seats. and he said he hasn't figured it out. but they have every advisor under the sun trying to find a way to get them to repatriate that money without paying the taxes what is a terrific gain for yahoo. >> we'll have more on the golden

morningstar thinks alibaba can sustain profit margins.lieves chinese e-commerce market has plenty of room for growth, expecting the company's morning sales to double in 2020. the company's valuation was put at $230 billion last month, lower than the previous estimate of $245 billion before alibaba filed its ipo documents. whenever it happened and whatever it will be, it will be big. julia, back to you. >> courtney, absolutely. thanks. >>> now, going tore a strong, one of the most popular tunes of all time is on the auction block today. southby's selling a draft of "like a rolling stone" which bob dylan wrote on hotel stationary back in washington before recording it back in 1975. this draft, this includes notes and dooldzs is expected to fetch up to $2 million. other rock and roll items up for bid include elvis presley clothing. >> thank you very much, julia. elvis has left the building. >>> anyway, coming up sales of existing homes in the u.s. forecast for may. we speak to the national association of home builders, coming up next opinion

with alibaba, it is going to be relatively large. if you look at how the two exchanges,the two have done in their competition of the years, nasdaq really faltered when it came to the facebook ipo, which did not go exactly as planned. the nyse has gained some steam since then. nasdaq has gotten google and apple, large ipo's. have beene, there more recent ipo's like twitter. in 21 through 2011, it illustrates what we have seen in a switchgear the nasdaq won 122 at the tech and internet listings. the nyse got 42. since the facebook ipo, the nasdaq got a fewer number, 25, that raised more, a can, because it is the facebook ipo, but the nyse has been winning more in numbers. of course, that number will go up exponentially with the alibaba ipo here it on one other note, it is being listed under baba. there is some speculation that because of the chinese meeting ba, the never eight, it has applications with good fortune attached to that word. but there is speculation that august 8 could essentially be the ipo. >> looking between the lines.

is alibaba in a league of its own because it is so big? >> in a lot of ways. a lot of these comments from the sec is coming to light in terms of what they were trying to hide or reveal. those will be worth looking at after the ipo happens. one of the things -- a cursory look at the numbers the gross , margins which are pretty spectacular. over 70% gross margins. they did not get worse year-over-year. the margins were getting better. the margins fall to 71% on a year-over-year basis where as you look back, you see march of 2013, 70 4%. decline on a year-over-year basis and you see a consistent trend in net change. the numbers are so good, 70% or better gross margins, they still are good, but systole getting worse. you begin to wonder at what point does pry start to matter? they have to lower prices and let those margins reflect that. >> the uniqueness of alibaba and how much of the chinese economy it really captures. what are investors saying to you? are they excited about this? are they wanting in at any cost? we are looking at a $20 billion ipo. it could be t

thank you very much. -- thatp, alibaba's ipo is next. you can watch it streaming on your tablet, phone and at bloomberg.com and on apple tv. how did a four-year-old company overtake apple in china? find out tomorrow on a special edition of "bloomberg west." xiaomi rising. tomorrow at 10:00. ♪ >> welcome back. google planning a new e-mail prodigy tool to prevent the nsa and others snooping called and to end. promises that data leaving your browser will be encrypted until the intended recipient decodes it. google has released the source code and wants developers to do some heavy testing before it's released to the general public as a chrome extension. alibaba hoping for a good fortune when the west trading begins. people involved in matter tell bloomberg the company is targeting august a sports ipo because the word "ba" for the "fa," eight is close to which means fortune. joining me to talk about all jeffs ali baba is mccracken. thank you. this is a challenge. it's interesting, culturally, but a challenge to get a deal in the middle of the

there is drama in the past year in china over alibaba. we're looking for numbers on users, drilling down there there is concern about alibaba and chinese government as well. we probably won't get those kind of disclosures in this document. they could come either today or next week but, more he specifics, alibaba was very light. melissa: virtual currency lovers calling foul as more than 17 million in bitcoins gets ready to flood the market. so this is the fbi is auctioning off all the bitcoin. it is depressing the price of bitcoin. james, what do you think? >> at depressed price, $600 still way above where it was a few years ago. melissa: that's true. >> remember, this has no intrinsic value. i think the story to me how high it is still rated. melissa: that is interesting. >> obviously a lot of volatility but people see this as a great payment mechanism. melissa: this was part of fbi's crackdown last year on silk road. so they seized this. they will go ahead auction it off. interesting to see the government getting deeper and deep near thi

jo ling kent on the alibaba story.il, it did drift lower again today after the recent runup from about a week ago that was triggered by the violence in iraq. markets are obviously weighing the potential impact of the new but small exception to the 40-year-long u.s. ban on oil exports. maybe there will be some wiggle room on that. this change allows two energy companies to begin exporting minimally processed light sweet crude. that's what we make here in the u.s. right now taking a look coming down each more by 92 cents. this is brent, actually, so if we looked at west texas intermediate, we could see at the moment that we do have west texas moving lower as well by about 89 cents too. so now that we're below 106 a barrel and everybody thought this thing would skyrocket to 108, maybe even 115 if everything went offline in iraq due to the problems there and the violence? well, not so right now. let's bring in the floor show, talk about everything that trades on the floors around the united states. new york stock exchange,

alibaba's ipo is expected to be the largest ever in the united states. the company will trade under the ticker baba, which is apparently good luck because ba sound like prosperity, which is -- >> fa. and it also is eight, which some people think is really lucky. this is the third biggest tech company listed on the nyse, coming after nyse won the twitter ipo. why are people leaving nasdaq? look at what happened with the facebook ipo. they botched that, basically. in august, there was a three-our trading hold because of a technical glitch and it seems like nobody clearly understood. if you are alibaba, you are trying to figure out what exchange to list on. you want to guarantee that this will run smoothly. down to an entertaining e-mail earlier on saying what else a baba is. it is a cake with rome-flavored syrup. >> he is lucky. one of our tops warning stories this morning. nike reporting numbers last night. this comes as the world cup battle in brazil continues. nike will be hoping its sponsorship of some key teams and players will continue to drive its g

about 88 million chinese bought these products lou their mobile phones from alibaba. for payment systems that can use escrow to get over some of the trust issues within the chinese internet community space. when you are starting to see now is billions of dollars are involved. chinese firms are looking to ininnovate not just for china wraen more, but for the world. that's happening in a mobile space where we're seeing the most venture capital money going in and most of the entrepreneurism going in. >> bidu, a copycat of google, just spent $1.9 billion to buy an app store called 91 app. >> the message is watch out, alibaba is coming. sure. many thanks to sean there. author of end of copycat china. okay. that's all the business news now for this hour. back to you. >> thanks very much, indeed. thanks for being with us here on bbc world news. coming up in just a moment, we're a day away from the start of the world cup. pakistan is playing its part. they are involved. we'll explain. listen up, thunder dragons, it's time to get a hotel. hey, razor. check this out. we can sav

in alibaba in a league of its own? >> in a lot of ways. a lot of these comments from the sec is coming to light in terms of what they were trying to hide or reveal. the cursory numbers, the gross margins which are pretty particular -- spectacular did not get worse year-over-year. the margins were getting better. o, but there is a consistent trend in that change. they still are good, but consistently getting worse. when theyto wonder going to offer low prices and let those margins reflect that. >> the uniqueness of alibaba and how much of the chinese economy it really captures. what are investors saying to you? are they wanting in at any cost? >> is going to be so massive. we are looking at a $20 billion ipo, it could be the biggest to ever come to the u.s. investors are going up to look at it no matter what because it is so big. excitedre still very about the growth. we are looking at incredible margins as cory mentioned, incredible growth despite some of the slowdown we have seen. it is not something that is scare of a red flag to anyone

s partnership with alibaba. he is the ceo of textbook rental. with alibaba filing for a u.s.i asked him if he sees any risk to investing. >> all of their success has been in china. the question is how big can the chinese market be? will they have competitors there? we know people are trying to compete with them. they will get local competition. to this point, they have not had that. when they try to be in the u.s., what is their growth potential in the united states? will they be able to buy companies? there are a whole bunch of unanswered questions. the management is extraordinary and they have tremendous momentum. they have accelerated their growth during these are long-term questions. >> yahoo! will sell half of its stake in ali baba. what should it use the money for? >> that is up to marissa. if i were a betting man i would say she would return some of the to the shareholders as she did before. the question is what areas does she want to grow in? it is difficult to buy a company of certain sizes and scales. public companies, there are a lot of public companies that might

start with alibaba. under the ticker baba. company expected to start trading in early august. august 8th, of course, rumored date, because the number 8 is considered lucky in chinese culture. in fact, ba means 8. no mat whir it goes public, alibaba expect to do be biggest i'm of the yea i.p. of the year. what struck you with the news that came out yesterday? >> well, no. just they've picked one of the two. i think they were talking to them to the very end, and they just -- the fact this is i think the big news, how big it's going to be what it will do to the tech market. if it's going to reinvegerrate. a lot of tech stocks down of late and had a hit. this might reinvigorate investor interest in the tech companies. >> on the flip side, the fear this could be the deal that actually kills the market, because it will sop up so much demand from the buy side here. when you think about precedent and you think some of the biggest ipos that have happened, they've pretty much come to the nyse. gm, $21.10 billion. visa, $19 billion earlier than that. also traded here at the new york stoc

alibaba, if you thought it was insanity with go bro, we haven't seen anything yet.ou excited about this stock, josh? >> very excited about it, and i like a lot of the chinese e-commerce names and i'm not surprised at all. i don't think -- >> about going to the nyc. >> i don't think the nasdaq had a legitimate shot at it? >> why. >> i think there's a sense that the nyse has its act together and it's more than, that culturally and friends of mine who work in the finance sector in china involves on the etf side, culturally the new york stock exchange. >> status. >> major cash, like capitalists in asia, their whole lives, they have only ever dreamed of being on the floor of the nyse, and that -- that matters. >> absolutely. >> i think what's so interesting about alibaba, call it an e-xhes company and they are running the mutual fund fund and money market naunds aand mutual fundse huge. >> most surprising trade so far this year has been the non-trade in softbank which everybody bought because of the break-up and the percentage in alibaba so it's interesting to see as tha

credit forgets alibaba. has 37 direct reports which is a massive number but she's got her finger in every element of that business. we will see what they will do. what they are doing with their media platform, they got digital magazines and are signing him egg names -- big names. the traditional media players know how to win in the digital world. ofelleis in the pages magazine and katie couric has network television. if you only have a small screen, you've got to ring and eyeballs. >> thank you for joining us. we will have more from that exclusive interview. coming up, we get interviews with the hbo ceo and hip-hop mogul kanye west plus a whole lot more. up, speaking about powerful women, most of them who marry rich guys also have money themselves. we will tell you some of the reasons why women are making more money now than ever and we will tell you why the batmobile left gotham city and cruised the streets of shanghai yesterday. ♪ >> women are earning more money than ever before in the majority of those en

as alibaba chooses an exchange. u.k. prime minister david cameron's fight against jean-claude juncker is only the beginning of a battle with brussels. it looks increasingly isolated from traditional allies. hans nichols joins us from the eu summit in brussels. good morning. tot is angela merkel's plan de-escalate the situation? >> that is a very good way to put it. merkel wants to lower the temperature. she plans on engaging on policy and acknowledging the need for reform. listen to how she made sure there was space for cameron to climb down. ifi think it is not drama the vote is not concordant. we have to find as much common ground as possible on substantial issues. i think we can find good compromises with great britain and extend our hand to them. >> on her first point, not wanting any drama, she may be disappointed. cameron plans on calling for an actual vote to see where the chips fall on jean-claude juncker. he has vowed to continue this fight and says it is only the beginning of a campaign. here is what he had to

alibaba employees can unlock $41 billion when a company goes public.counseling if employees on how to deal with the upcoming fortunes. jo ling: this has been happening for a while but it is wrapping up because people are about to become very wealthy. the advice tends to be to be more modest, don't spend all your money on cars or objects. melissa: is it that much money for these employees? >> it depends on who you look at. there is a suite of his extensive stand to make billions of dollars. $20 billion of that is going to be locked up within the alibaba partnership. some of the people still will make a lot of money. you have to remember what they are currently making right now probably pales in comparison to whatever the increases. melissa: what do you think they're going to do with this money? >> here's the other driver, geopolitical risk is one of the biggest factors. it explains europe. buying it without even looking is not an investment in real estate, it is getting money out, investing in something that is safe. driving a huge trend in real estate

. >> we know the alibaba ipo was coming soon. we'll talk about that. melissa: next. >> what the street is doing is pushing out every last bit of garbage before this thing blows. >> below where it should be. the whole point of ipo is to get money to invest in the business. basically, that much of a pop on opening day is a wrong. >> just say flip. remember flip? that was cool camera. this is the cool camera. this is fad. it will last a couple years. melissa: speaking of hot ipos, charlie just mentioned it, alibaba will list its much anticipated ipo on the new york stock exchange. >> not a big surprise there. we kind of knew it. we knew it was coming down. we got wind of it last night the decision was starting to come down. melissa: what a blow on the day the nasdaq is out there and celebrating gopro. they have all the media. everyone is really excited, boom, this news breaks that alibaba goes to the nyse. it hurts. >> if anybody was prepared for this thing to go to the nyse, it was bob greifeld at nasdaq. there is no doubt about this. melissa: yeah. >> t

at alibaba headquarters in china. >>> "squawk alley" is live.

alibaba also announced four new independent directors including yahoo founder jerry yang . chairman who was once a contender to exceed the ceo. as reported here the ipo is expected to take place early august. it could be one of the largest in history. the chaos in iraq has shattered that, the us stock market recent days and s&p 500 dropped? name: % last week and snapped a three week rally that had pushed equities to all-time highs. oil jump to to an eight-month high. will markets bounce back ? or is this is a sign of correction that might be in the works. let's bring in for a foxbusiness exclusive cheat -- citigroup doctor. let's talk about the situation in iraq. there is debate right now whether or not the market is selling out based on issues or they are ignoring the situation in iraq. >> i don't think they are ignoring the situation. we seen flareups in different places in the middle east, syrian and libya before that's read i think the bigger concern is this is broadening out and is perceived by some as a failed state with a potential breakup and the markets focused on

and yahoo owns 22% of alibaba so it's going to get a big payday out of that.arily what this analyst is looking at. as far as yahoo's corbies goes, still sees it as slow growth compared to the industry. but because of alibaba's interest, yahoo is getting that upgrade and really yahoo stock is more than doubled over the past two years because of alibaba and the stock is up this morning based off of that. we're awaiting the settlement announcement this morning also from general motors because of its ignition switch recall. big problems because of that. there are no caps on the damages. we have known that for a while. but the exact terms not known yet. and we'll be looking for investor reaction to that, as well. the stock market itself off to a mixed start this morning. let's check the big board see how we're doing so far. the dow giving up about 30 points. the nasdaq is positive. it's up 5. s&p down a fraction. yahoo shares right now up by 2%. general motors is trading flat ahead of that settlement announcement. >> it's bring your son to work day monday? >> appar

as goes the chinese economy, so will alibaba. at least so far. >> we have more information about this 27 member partnership that will be electing the board. any surprises, leslie? like this is obviously important for investors, this is their version of it you'll cost share structure. these 27 members will provide significant control for the company. one surprise was actually that 28.as 27 members instead of in the initial filing they said it would be 28 and that the number could fluctuate, so the final number came out to be 27. in my opinion one interesting aspect is that nine of the 27 were female partners. something that was a bit of a surprise. most of the members, of course, our executives within the company. no major standouts, but it is nice to know those names into those people are, their backgrounds, of course. >> any updates on timing? when are we expecting this to happen? >> it is nice that they were able to come out with this filing today, it shows they are on track or a potential august debut. one of the major holdups

tencent has upped the ante in its battle against alibaba.o fork out thomas three quarters of a billion dollars -- for doubt almost three quarters of a billion dollars. classifiedan online website. >> exactly. first, it wants to allow its users, messaging services, to get more out of their merchant services online. a broaderm, they have face. ,f it is listed on the nasdaq it's a steal. 34.8 million shares at $30 a share. is a big deal, but not the first we have seen from tencent here. he made a number of acquisitions. a they have really being on buying spree easily. all beginning to migrate to smartphones which means that come -- allied companies like all companies like tencent. tencent and alibaba are becoming more and more similar. , placed on its platform of users, something like 400 million, its card games come a payment system now, stores that allows people to buy and sell things. ali baba is also an e-commerce giant. it has the same kind of online payment systems as well. wayting to move in the same and sometimes it is clean and sometim