why isn't alibaba bidding on yahoo!?endy: if you'll get alibaba's balance sheet as they are sitting on very strong cash reserves. they do have the capability to bid for. however if you look at recent strategies they're talking about they are looking at the new media. looking at opportunities in china. if you look at the existing investment portfolios they already have a big stake in those firms. that is actually the new media strategy that is shaking up in china. beingp priority is not he had this to say in reference to yahoo!. >> 10 years ago who had the most successful internet company in the world. yahoo! know where it is going. we have to watch everything. he is saying yahoo! was at the top 10 years ago and it is not anymore. versus us about alibaba baidu versus $.10. you see them as the big three for the future or are they under threat? wendy: if you look at the mobile apps which they upgraded recently they are looking like each other's apps. would like it to facebook? can they compete on the fringe or you want to s

>> if you think alibaba is going to go higher.hink you have to believe alibaba trading from 60 to where it is now, 80, you stay there. al are we in a move again where it rolls over? i don't know. i think you have to have a view on alibaba before you buy yahoo! right here. >> if you put the core at $7 billion, and you keep alibaba -- if you get a tax efficient outcome, i think the stock, again, depends how tax efficient. i'm long on alibaba as well. i think this is good news. karen is right. this has been a side show for a long time. why are they going to do it now? i think these guys are pushing for change and they have to -- their feet are to the fire. >> there are too many question marks to be in the stock itself. i would far prefer to be in the options. that is the only way to play this. because there are so many questions out there. i know bob peck just talked about, there seemed to be multiple bidders. just the other day we were talking about the fact that there are just a minimal number of bidders out there. is there really

alibaba, if you bring in alibaba they can help with the network and also part of a bigger network to sell your goods in the future. this isn't the first time they used money to buy into other e-commerce companies. and alibaba itself want to go outside of chinese boarders with sales making up 85% of the revenue. they want it to be 50% in the future and 50% from outside of china's boarders. >> very interesting. >> let's check in with rick and get the santelli exchange. >> there's been a lot of cost about what's wrong with gdp and why is productive so low and all the problematic tax codes and the affordable area care act. obamacare and in the end it comes to something more simple. one person's stimulus is another's debt. it is one of the macro stories. you look crazy talking about it every five minutes but it's not going away. nonfinancial debt rose 3.5 times faster last year than gdp did. this is very fascinating considering that nonfinancial debt. that's household debt and auto loans. mortgages. government debt from federal state and local nonprofits, business debt it all figures in a

this deal gives alibaba instant access to six markets in southeast asia, and also in terms of helpingl and payment platforms. , they look at alibaba said they want overseas revenue to help them grow, but actually what is happening at the company's we are seeing the reliance on domestic market increase over the past few quarters. that isthe first deal actually of substance for the company, and southeast asia being one of the fastest-growing markets globally will definitely be on top of alibaba's radar. rocket will still be holding a stake in lazada. percentage ofd a what they originally invested into lazada. in selling the control, they won't be taking the lead for lazada's potential ipo in the future. rishaad: thank you very much indeed. it's raining demand for cloud service providers as more businesses look to them for the daily task. that and more when "trending business" returns. ♪ these of the stories making headlines around the world. brazil's and battled president has accused her deputy of plotting a coup to overthrow her government. monday, brazil's lower house is expected to v

what does it mean for alibaba?ment with alibaba prior to the ipo for the company has the right to buy one third of the financial stake. an option would be to receive one one-off payment of the valuation. based on the current valuation, they are doing another round of fundraising, that is about $60 billion. now, as of now, alibaba is receiving pretax earnings payments every year and so a lot of the valuation from that deal has already been factored into the share price. what would be the significance of the financial going public? >> it is expected they would ipo in china. a lot of those stakeholders are -- what was expected was there -- a lot ofrategic them had not been making profits. -- people were asking where they were going to go. they have already satisfied the common listing regulations, chinese companies need to be at least three years profitable making accumulative profit of 30 million yuan. foraad: what does this mean a potential market cap? >> there is no other equivalent company with this kind of scale

does alibaba want to buy back the state yahoo! has in alibaba? possibly. only at the right price.sort of waiting on the sidelines. i think investors are hoping they jump in and monetize it so that shares in yahoo! will be worth something. but we don't know exactly how that's going to transpire. it's possible this is a very slow process for yahoo! scarlet: coming up, what you need to know to get ready for tomorrow's trading day. also, president rousseff is speaking in brazil. she says she will continue to fight and there is no democracy when the vice president openly conspires. she adds no government will be legitimate without being elected and she faces a coup. ♪ >> ecb bancorp in survey out tomorrow. have expectations. you get opinions from financial people and see how they are feeling about the markets. >> we will see if it's expanding. goldman sachs will be reporting earnings at 7:30 a.m. eastern time. >> i will be looking at housing building permits out tomorrow. we will be checking that out. >> we will see you back your tomorrow. mark: i am mark halperin. john: i am john heil

♪ emily: i know you were really bullish on alibaba's ipo last year.ullish are you now about alibaba and chinese internet companies? sir michael: despite the bedlam that we all read about, i will say something that will strike you as odd. i don't think anything has changed about china. the underlying consumer demand is very strong in china. the internet companies there, their business is very good. it is strong. it is healthy. it is vibrant. and we have built our own business there over the course of the last 13, 14 years -- emily: quite a robust business. sir michael: a very robust business, run by some wonderful people. and it's no accident that seven of the 20 most valuable internet companies today are chinese. because over the next 20 years, there is going to be far more business done between the technology companies that get started in china and get started in the u.s. than there has been over the last 20 years. emily: what does silicon valley have to learn from china? sir michael: i'm always struck by how eager people running chinese companies ar

in fact, jeff bezos teased the new kindle for this week, but alibaba's site leaked images. here's what we learned before the spoiler was quickly taken down. this is the new kindle. the price tag, $290, which is nearly double the price of the kindle paperwhite.

the alibaba early in their founder is at the helm.n track to free the last hedge funds caught in the capitals control. iceland's central bank governors bloomberg the auction will likely take lace before summer, and recent political turmoil will not have an effect. >> there is a political process for choosing parliament and the government. we work with the government in power at any day in time. inhave our independence terms of monetary policy. government said it was sure it would survive a no contest motion. scarlet: it is time now for the whicherg quick take, in we provide context and background issues of interest. the national conversation on onigration often focuses undocumented people moving across the border. businesses have a different focus. they focus on immigrants they want to bring in. the u.s. wants these workers. the problem comes on deciding who and how many should be admitted. here is the situation. took just six days to reach the a lot of positions says -- hb visas. indiaciaries like complained of protectionism. u.s. bu

they may not need alibaba's permission. hand, there might be a buyer out there who thinks that because they can work well with alibaba, there is value there. there are so many possible outcomes. we're not sure, again, whether or not the board will sell at a certain price. >> you have a $40 price target on the stock. it's currently trading at about $37 a share. are you saying it's a buy on an option that a sale gets done? >> well, i have a hold rating on the stock. but i think that it's possible that there is optionality to the upside. it's difficult to imagine less value than i am assuming, so it's possible that someone comes in with a really dumb bid, a really high one, that just ignores how broken the business is in terms of -- >> that's a strategic buyer, not the private equity guys, right? >> it depends. someone could be ignorant of the challenges the company is facing. your first sign that someone doesn't know what they're doing is that they start to value the business on a revenue per user or something like that. igno

emily: alibaba? >> we are talking to everybody right now.everybody wants to expand in china. there are challenges. what are the challenges you had to overcome to make this happen? farhe biggest challenge so has been to get the infrastructure working. well, in chinese are terms of streaming data from the united states. the next challenge will be scale. to get a big customer base and defend it. emily: what about your spirits working with the chinese government? they have their own views on technology. has it been difficult, have there been regulatory hurdles? >> it has been really easy. we have strong partners for one. the most important thing is the chinese government and we have the same vision. talent that should be developed. it chinese town is not developed as it should be in creatively and original thinking, then -- emily: i was speaking to peter thiel who told me that he went to china and taught a class in china, he said the one thing that surprised him most was how ferociously competitive chinese students are. it actually scared him. d

they've been getting their profits from alibaba and yahoo!hile they try to grow a new business in yahoo!. surprising that everybody will look at one of the few global brands in internet that has this very low valuation, very much like aol, a collection of assets that could be turned around. you throw the daily mail name on the list along with dozens of other folks who will take the opportunity. francine: daily mail twomey was surprising because they haven't been that inquisitive to my knowledge, but also they are a media company. richard: yahoo! has been trying to turn itself into a media property in areas like fantasy sports or magazines. roughly 85% of their business is in the americas. it is not really a global business, but it may be a global brand. the question is whether this would be a way for a foreign company to get a hold in the u.s. market. francine: you believe that everyone is looking at it. who has the most to gain from acquiring it? richard: there's a lot of companies that want to take a chance combining it with other assets. v

alibaba's third-party platform for major brands and retailers.t valkyrie, a six foot tall robot. a two-year grant was granted from nasa to test the robot. it is anticipated the robot will one day serve on future space missions to mars. ♪ emily: in today's "revolving door," a shakeup at priceline. the ceo has resigned after the company discovered he had a personal relationship with another employee. the employee was not under his direct supervision, and the resignation is not related to the company's performance or financial conditions. the former chairman will take his place as interim ceo while the company looks for a new leader. another story, paypal says federal regulators are investigating venmo for unfair trade practices. paypal set of filing of the investigation may result in substantial costs, including legal fees, penalties, and remediation expected. back to earnings, pandora shares are rising after hours on a stronger forecast for the year. it's listener base is still growing. first-quarter revenue rose 29% to more than $297 million. luc

alibaba has a focus on selling close in electronics. british supermarket chain and the swedish investment group. the move is seen as part of the strategy to reduce reliance on the chinese markets. coming up, the social network's big bet might be antisocial. why we would all be texting robots in the future. explained by facebook's head of messaging. and later, a russian billionaire, famous physicist, and the founder of facebook team up on a mission to find life in our region of outer space. it is not science fiction, folks. details later this hour. ♪ ♪ emily: the chinese internet giant baidu is seeking a $1 billion loan. it wants to borrow from a group of lenders. their rival started to syndicate a loan of $4 billion last month. both have enjoyed a rush of interest from the state owned enterprises for fear of default risks. meantime, the chinese developer raising about $200 million, valuing the company at more than $3 billion. it makes apps for editing selfies and accounts for millions of monthly active users and is getting into facial r

emily: alibaba? >> we are talking to everybody.everybody would like to expand in china, but there are challenges. what were the challenges that you had to overcome? >> the biggest so far has been to get the infrastructure working. there is a great chinese firewall and it gets in the way of streaming data from the united states. the next challenge would be scale. emily: what about your experience working with the chinese government. obviously, they have their own views of technology. has it been difficult to work with? have there been regulatory hurdles? >> for udacity it has been really easy. the most important thing is that the chinese government and we have the same vision. there is a lot of talent in the world, china in particular. chinese talent were developed as far as it could be, then half the apps in the app store's would be chinese. emily: i was speaking to peter thiel who taught a class in china, and says the one thing that surprised him most was how ferociously competitive chinese students are. it scared him. do you thin

you're busy with companies like alibaba and airbnb. do you intend to find the jack dorsey or elon musk of china? >> we are excited about our new funds. we're focused on global entrepreneurs. we love folks that build global companies. we want to invest early across sectors of focus, like consumer and online mobile services. like e-commerce. connective devices and robotics. we looking for companies in those sectors. in china, we are seeing entrepreneurs coming around for their second or third stint, or folks with experience and great internet companies like alibaba. there is a richer ecosystem of entrepreneurs in china for us to go back. columnistsof our wrote an article saying that everyone knows that asia's startup bubble has to pop. what are you seeing on the ground? >> we are focused on the venture capital ecosystem, the start of ecosystem, in china and the u.s.. what matters is the rate of innovation and the opportunity for companies to build businesses that can grow fast. in china, we see that continuing at an incredible pace. look

, including steaks the others cannot take, including alibaba, and sell them later.s a credible buyer at this stage. tom: i will go with that. there is a price for everything. , andlphabet, daily mail others just say the price is not right? out ofhey are not full the race, and does not mean they will not participate at a later stage. srancine: can marissa mayer survive this? is, ifhe likelihood verizon is the winter, they will install someone from aol. tim has a good reputation, a good track record at aol. i think tim armstrong is the new head. francine: everyone is having a look at it -- what does verizon have to gain? mobile operator, surely they want content, but it is hard to know what kind of company they would make? alex: they want content, they want millennials. francine: two millennials read yahoo!? alex: millennials search, and read whatever application they pick up. you can have an aol search, or a yahoo! search. at the moment, yahoo! is still a credible player in the search business. let's give them some credibility for what they have. for mobile operators

like alibaba, ten senn, jd.com. csxe is it. that's where you grou. china state run companies. >> stephen, the biggest buyer on this market are ceos buying back their own company stock with their own funds. reuters ran a story suggesting that the number of companies that have announced buybacks is falling quite rapidly, and as their cash flow, you don't see companies able to increase their cash flow moving forward through the year. so you oom see what they're able to buy back diminish. >> mm-hmm. >> what does that do? >> again, we don't -- >> so the market will be flat because ceos are not buying back their own stock. >> that's a part of it. but another pa of it as well as valuations. you know, in the medium to long term, evaluations matter a lot. your points are well taken, but in terms of valuation, if one looks at europe or japan, a merging market switch are beginning their evaluations or they're your alley. >> valuations are much better for next year, aren't they? you could argue that the earnings rebound the second half of the year. the stockmark

more than 86% of alibaba current sales derive in china.lix: in the u.k., inflation jumped to the 15 year high in march. consumer prices rose at the fastest pace since december 2014. theation remains well below bank of england's 2% target, but it is picking up after hovering around zero. tries to cut caused after years of trying to become profitable overseas. it will impact about 1000 employees in europe and the americas. the move comes after years of stop start expansions including a plan in december to hire senior bankers in the u.s. the environment has become increasingly challenging. the imf chief economist spoke about global headwinds and the climate. >> as a new global financial stability report documents, the bouts of turbulence that we have over like a steady trend of tightening global financial conditions. one manifestation of those is the trend of increasing capital outflows from emerging markets. cope most have managed to with this, as documented in chapter two, more strains could appear. scarlet: now time for the bloomberg quick

alibaba buys a controlling tank in the lozada group. this is breaking news coming in. on that story as the business day progresses. that is your breaking news. a billion-dollar deal by alibaba in terms of acquisition to kick off this trading day. we are focused very much on the breaking news coming from the mara. --coming from nomura. 9% stock rallied up almost at one juncture. we will put context around the story later. bad stock in italy. it is a buffer to help the banks offload their bad loans. let's get into these equity markets. impeachment.er to how was that playing out? this year european futures board. yet futures indicated lower -- you have futures indicated lower . oil is dropping slowly. london, paris and frankfurt all indicated ever so slightly lower. three very clear themes are in the market. in terms of the riau, this is where the real focus will come in. we have this potential impeachment. the real iraq did 3% yesterday. -- the real iraq did 3% yesterday. let's get you into your risk radar. a lot of this is around the --ce of oil and you have oil goldman

another success story within alibaba. >>> the container stores.nced cost cuts following a year of heavy investments. the stock responding nicely ahead of the open. and fda panel sayi ining sareptt doing something. >> some more stocks to watches. nabors has suffered as oil producers use fewer rigs. express scripts reporting lower than expected revenues. still hiking profit projections for the year. toshiba takes a 2.3 write down as they try to recover from a accounting scandal that's forced it to sell off several assets. >> stocks to buy. the federal reserve hawks? and another hedge fund shutting its doors. and five states holding primes today. it is a super tuesday of sorts. >> i love something something. cathy's gotten used to the smell of lingering garbage... ...in her kitchen yup, she's gone noseblind. she thinks it smells fine, but her guests smell this. ding, flies, meow febreze air effects heavy duty has up to... ...two times the odor-eliminating power to... ...remove odors you've done noseblind to [inhales] mmm. use febreze air effects, til

abandoned plans for a spinoff off of its stake in chinese e-commerce giant alibaba. it is followed by the blogger and broadcaster. we aret is good because not in the united states. a silver lining, perhaps. ñÑÑçoçobq 04/18/16 04/18/16 [captioning made possible by democracy now!] amy: on the road in san francisco, this is democracy now! >> we can never forget that every right to vote has been signed in blood. and we are here to say to america, wake up. can't you see that it is a desecration to the memory for the voting rights act to be gutted by the supreme court? amico from democracy spring to democracy awakening, more than 900 peoplee

alibaba's purchase of the newspaper was finalized.d that the rapid growth of consumer culture could help china through temporary difficulties. how much of the slowdown we are seeing in china is temporary? how is it affecting funding environments? here with me to discuss, hans tung. always great to have you. do you think the chinese economy will be enviable for two more decades, or will the slowdown have a pronounced impact? >> china is facing the reality of a new normal situation. they have gone from 10% a decade ago to 6% or 7%. part of that needs to improve before it can grow again. there are changes that need to be made in order to do that. emily: are you disagreeing with jack ma? >> i am cautiously optimistic. emily: what do you make of the fact he is doing an interview in a newspaper he owns? >> interesting. they have been a harsh critic of what is going on in china. now, you have a balanced perspective. you have a more pro-china perspective. overall, it is good to have both. emily: what are you telling private market companies i

alibaba has agreed to take control of indonesia e-commerce operator lazada for $1 billion.ay $500 million in new shares of the company, as well as purchasing stock from existing investors, including the german rocket internet and tesco. it sells goods like clothing and six southeast asian markets, including malaysia and singapore. saleses-benz boosted twice as fast as bmw and first quarter. the luxury unit delivery soared 13% through march compared with a 6% increase of bmws namesake brand, which helps them move closer to clinching the lead in the world's luxury car market for the first time in a decade. tesla is blaming a supplier for a recall that would affect 2700 model x suv's. thirdre repairing the row seat which failed a strength check. that's your bloomberg business flash. francine: thank you so much. largest brokerage company has confirmed it plans to close all of its businesses in europe. they say full details will be explained on april 27. let's find out more from our finance reporter, michael moore, who joins us on the set. we had a great bloomberg exclusive sayi

you have been selling down your position in alibaba and jb.com. is this how you raise the capital or are you read of playing it as an investor in other ways? >> obviously, my day job is dst. this is my hobby. it is very important, let me just say. so a lot of my time is spent on investments, 80% or 20% of my time is dedicated to projects like this. how theis pretty much capital is allocated. erik: let's talk about the day job for a moment. 80% of your time your dedicating towards dst. what interests you right now? what are you investing in? i can see that you're captivated by ideas with tremendous promise. so this is your hobby, for example. but how about in the real world? world, i think that the technological revolution is unstoppable. has beennnovation happening for so long that we do not have any reason to believe it is going to stop. essentially, we invest in innovation. every generation brings that contribution to innovation. if history is any lesson, every generation is building their own companies, you know, like facebook, alibaba, spotify

what if alibaba bought it? that is not out of the question.ly: the one prominent company not on that list is alibaba. jack ma seems to not want any part of it. he didn't have a nice things to say about yahoo! when ice folks to him a few months ago. david kirkpatrick, thank you so much for stopping by. i know we will be asking you every day what is going on and you will keep us posted. thanks guys. coming up, we had to the bloomberg businessweek design conference where we will catch up with a 26 rolled hacker taking on tesla and google. tomorrow, i sit down with a gender a silicon valley investor peter thiel. don't miss that interview. more "bloomberg west" up next. ♪ emily: researchers have identified an unusual stage of ran somewhere. a report says the virus plates computers server vulnerabilities without requiring human interaction. hackers target acca files and records and encrypt them in order to make them unreadable characters. to regain access, users often have to aa ransom in bitcoin. the bloomberg businessweek design conference is unde

s stake in alibaba worth about 30 billion and stake in japan about 9 billion. now, these first bids again are preliminary. there would be a second round of bidding expected to be intense. yahoo! brought on marissa meyer and they have competed against the likes of facebook and google. experts predict tomorrow earnings's report will show a 15% drop in revenue and 20% drop in earnings. reporting live, bob redell, nbc bay area news. >> the first in the nation to set ground rules for law enforcement use of surveillance technology, according to "the mercury news," leaders started working on sweeping rules and considered greater tracking and online surveillance. the district attorney's office and sheriff's department taking an active role in the plan. an ordinance will be held next month. >>> texas and more that two dozen states say the president overstepped his bounds by shielding undocumented immigrants from deportation and going around congress to do it. it's a complicated case made all the more complicated because the court is down a member. nbc's brian mooar has

, separating the company from the alibaba holdings?eople who are interested on the alibaba side, it is important the separation be made, so any complex bid will fall by the wayside. emily: have any emerged to you youou as more attractive? paul: there seems to be a sentiment that verizon is the most attractive, just because it is a combination of a financial buyer, but they also have strategic interest in the property itself and have enough cash to put together an attractive offer. put those pieces together, and that will make a lot of sense to people at yahoo!. you may be able to get a higher total number at some places, maybe even higher cash component, but in terms of overall fit and least likelihood of a dismemberment of the company, that is the closest. emily: a developing story. we will continue to follow it. yahoo! has more than 10 first-round bids, and they will work to narrow the field to seven next week. i want to move on to uber, dissolving the biggest threat potentially to its business. it settled with drivers suing to be tr

but you do have the alibaba assets. but those who access, particularly the alibaba shares, you may get a higher evaluation. if it declines, you may get a pull-back. but the best avenue for shareholders is to sell off the entire piece. >> thank you very much, victor anthony from axiom capital management. it's been challenging to see what happens to the price. >>> we'll watch the top trending stories this morning. look at this, this is what we were worried about. police are investigating what is believed to be a drone hitting a british airways plane at the heathrow airport. that can land you five years in prison if they catch whoever's drone it was. that's why the u.s. made people register their drones so that they can have a whole list and be able to track it down. this is what is scary about drones. >> they there will definitely have more stories. i don't understand how somebody can fly a drone near heathrow. obviously the plane landed safely, nobody was injured. >>> massachusetts senior elizabeth warren is starring in

that is after scrapping a plan to's been off its stake in alibaba. google also rising.e a first-round bid for yahoo!'s web business this week. confirmed one of its units is under criminal investigation in the u.k. the serious fraud came after an internal audit is identified illegal procedures. they immediately stopped practices after the internal investigation and suspended a number of personnel. the kernel investigation comes will talk about talks on u.k. operations. to that liberty has group about starting a plan at the processing operations in the u.k. analysts say perspective buyers to raise concerns because of the liabilities arising from the investigation. now, apple's fight with the u.s. over privacy is not over just yet. authorities did drop to man's for the hacking of the san iphone,no shooter's but they are now saying they will keep fighting to get data offelp in getting of phones in new york that belong to a drug dealer. they say apple provided assistance in accessing such devices earlier, so the government is going ahead with an appeal. a public judge's orde

other than the alibaba assets. i mean, they were one of the original internet darlings. but the internet has moved on and demographics has moved on to using newer platforms. google, facebook, and i just wonder what the value of yahoo! against alibaba actually is. and i imagine, they've got an older demographic user base. the point of having an older demographic user base, unlike some industries where as we get older, we start to outside what older demographics use, we don't do that on the internet. i think we stick with what you use, what you like bhaund have a good experience with. so there's no way for them to grow their user base. >> you're a fan of google, facebook and apple? >> yes the three largest holdings. >> why should we continue to buy into these story, the one-trick pony, apple time and time again? >> yes. >> why do we know like apple? >> apple has been a great investment for years. year in year. but they continue to deliver good products. they continue to hold on to their market share. i do believe that they actually gain market share with that. and the risk

it is controlled by alibaba billionaire founder.ing the process of choosing investment banks to arrange a listing of indian wireless businesses. they save the wireless carrier may sell about 10% of the india business to the share sales. advisors could be selected by next month. that is your business flash. i am going to take a look at one market mover. down 8.6, chairs percent. missing analyst estimates and down 6%. 5% is what analyst had been anticipated. republic performing badly. sales down 14%. a quick look at the bloomberg. this uses bloomberg intelligence and they are crunching the sales numbers on this looks at the three various parts of gap. here is the zero line change quarter by quarter. the gap rant has been in the negative for quite some time. old navy has been the standout but it fell this corridor and here is banana republic, the worst performing of its three core brand. jonathan: thank you. potentially, verizon is roceeding with yahoo! they plan to make a first round offered for yahoo! and is willing to acquire yahoo!

been waiting on that for nine months and a couple of false starts in the attempt to spin off the alibabaverse stake stakes, and so we want to have a conclusion as to whether are there is a fundamental turn around. the numbers that the company has put up have not shown a fundamental turn around, and so we want some resolution on either of those, and h my guess is the action, the strategic action is going to be the resolutio resolution, and we will see it before the end of the year. >> and mark, if we could pivot to the shares of knelt flix under pressure this morn, and the international figure is a head scratcher, so why so much deceleration there next quarter or is the company low-balling it? >> well, i don't know if they are low-balling it. look, we got the stock wrong, and we have had a buy on it since the bebeginning of the year, and it has underperformed, but it is all right, because we believe that there is a path to well over 1 million subscribers and getting the timing right is difficult, and this is a high bar stock out of each and every print, and ta have to hit the high bar on

. >>> alibaba chairman jack ma sitting down with the south china post before taking over the paper andhat china's growth is going to remain quote enviable for other economies for another 15 to 20 years ark and he said it is unrealistic to expect double-digit growth indefinitely, and he said no reason to expect in an e kconom of such size can continue to grow at such speed. he said that china is like a oceanliner, and to make a turn, you have to slow down to do it. and alibaba shares are up today after those comments. >> and yes, on the worries that the central banks have reached a point to where they don't have to accommodate as much. it is always good to get ma's point of view though. >> yes, it is. >> and we mentioned the tech earnings are on the way, and what are you most interested in, qualcomm or alphabet? >> qualcomm, because it is going the answer the questions of the end user devices, and qualcomm with chinese licensing, but they are answering those issue, and what that signals about in demand, and then of course, you have to look forward to the microsoft as well, and how much

in fact, jeff bezos teased the new kindle for this week, but alibaba's site leaked images. here's what we learned before the spoiler was quickly taken down. this is the new kindle. the price tag, $290, which is nearly double the price of the kindle paperwhite. it has a bezel on the left side, or the right, behindidepending you like to hold it. it's the lightest kindle, weighing less than half a pound. it also has a rechargeable battery case. however, there's no sign of it being waterproof or water resistant, something customers have wanted for years, to enable worry free reading by the beach or pool. it's set to ship in the coming weeks. back over to you. >> that does sound useful, rechargeable battery. >> it does, but i never got into using a kindle. i like the hard copy. >> ipad guy? >> well, ipad ahead of a kindle. >> he's old fashioned. >> i want to feel it so i know i'm making way through the book. >> i also make notes and fold pages down so you can come back to them in the future. particularly if it's an interesting book. >> that's how i read the beige book. thank you

alibaba clout -- alibaba cloud. what are you seeing in terms of the economy in china?s india picking up? quarters, both in q4 2015 as well as q1, we have been able to pose very nice growth in china. china is very interesting in the sense that the propensity to migrate solutions into a cloud is growing at a very fast pace. chinese customers wanted to have it their way, so they rely on data that are built in country. we are partnering with a joint venture with the subsidiary of china telecom. we operate our success factor on human capital management. we are adding a partnership with .libaba to expand our footprint this is an interesting market for us, not only at the very but acrossprises hundreds of thousands of fast-growing midsized enterprises. cloudill benefit from solutions that are delivered in country and with partners that have necessary expertise to operate data centers and partner with us here at -- partner with us. a very robust cloud operation. china has become one of our top markets in a very short-term period of time. we're only beginning to scratch the sur

>> alibaba.baba. >> someone bought into that. >> the core operations that she ran have been an unmitigated disaster, yet the stock has gone up. >> my point is someone wanted her to come there after a series of other losers who were unable to do anything. they wanted to bring her there. >> let's talk about what happened. they brought her there. they paid her this money, right? she effectively then bought him and the activists off and off the board. and she put her own picks, effectively, on the board. welcome to your crony capitalism. >> i don't know. >> that's what actually happened in reality. >> you know who said that. nobody gives you power. you gotta take it. >> well -- give her credit for taking it, then. >> jock ewing. >> i thought -- >> he said it to his son bobby about jr. >> i'm saying, if you look at the map of what's taken place over the past couple years it's more complicated than just market forces at work. >> she has not made off. it was earned fair and square. god bless her. she pa

the life of suffragist and abolitionist julia ward howe, a report on the chinese e-commerce site alibabaand the marines university's -- how to defeat isis. for a complete schedule, booktv.org. booktv, 48 hours of nonfiction books and authors, television for serious readers. .. [inaudible conversations] >> good morning. thank you, everyone, for coming out for the third annual san antonio book festival. fourth, i am sorry. have i done this before? i have been involved in all of them but thank you for coming up to the book festival. i want to remind you this morning's session is being filmed by c-span2. at the end of marissa's comments when we get to the q and a there will be a microphone, we have questions and hope you have questions and a reminder that after the session, you can go around the corner where they will be selling books and a portion of all the proceeds go to san antonio public library foundation. one of the best days we have had whetherwise and i think it is going to stay that way. it is my honor, i was going to say, to moderate, to moderate this panel on the book white backl

alibaba is looking to get growth in southeast asia.he online retail giant has agreed to buy control of indonesia e-commerce operator lazada for about $1 billion. that will pay $500 million for new shares and also purchase stocks from existing investors. picked is currently controlled by germany's -- it is currently controlled by germany's rocket internet. francine: thank you. italian banks are getting a little bit of relief; officials and finance firms have agreed to create a multibillion euro fund to raise capital in the load that loans. are managing editor for finance is in milan; michael moore is with us here on set. and eric nielsen also joins us. when you look at the italian banking system -- this was in the waiting for a long time. the fund is $5.7 billion. to me, it strikes me as quite small. will they actually have to make it bigger to show investors that they need business? >> well, gets a little early to tell whether they will need to go bigger. certainly, the scale of the problem is large as you point out. italian banks are

there is japan, alibaba, the day's business. it depends on what you are bidding for.a menu, but it is interesting, not surprising, that alphabet is looking at it. verizon are not just a phone company anymore. represent verizon, google, anyone? robert: no. mcinerney, freeman -- what does the board actually do in these kind of ballets? do they sit by the phone and wait? is it like two board members who drive the bus? what actually happens to the yahoo! board as the meeting begins? robert: i do not know this for certain, but it sounds like it. there is a pretty structured bycess, organized and run lawyers in investment bankers -- lawyers and investment bankers. tom: and they get big books in. robert: and then you set round one. there is typical in diverse -- there is typically a multi-round process. there is a just in that there is a preliminary round of interest. francine: will this work out? with your wealth of expertise, i have always been told that if you buy a steak or if you buy either m&a, which can either be a megamerger or a smaller merger, culturally it has a s

alibaba up by 1.3% right now. in on takinging momo private.payments rising that percent here, the biggest jump rising 9% here. revenue andr earnings also be. that's also beat david:. coming up, my interview with nato security general jens stoltenberg. .hat is coming up ♪ lisa: this is "bloomberg markets ." david: time for the bloomberg business flash. they valued at the second-largest u.s. stock exchange operator at $1.8 billion, more than twice the expected valuation. lisa: fiat chrysler eliminating 1300 workers at a factory in michigan. midsize sedans. the furloughs will begin in july. david: brief family owned franchise dealers have filed a class-action lawsuit against -- three family owned franchise dealers have filed a class-action lawsuit against volkswagen. businessour bloomberg flash update. it has been two weeks since the attacks in brussels. nato is urging its member states to take a larger role in fighting terror. i spoke with nato security general jens stoltenberg. jens: our alleys continue to step up their efforts to fight terrori

you can't find it on the alibaba website either. they could be a stock price collapse.by more than 6% this morning. murray goldman put out a statement saying that he was aware of the forthcoming changes and there will be any new material for the business. if you take a look at shares in that unit trusts. rishaad: it's not just murray that is suffering as a result of this confusion. paul: there are other products as well. milk caught up in it. a company that produces organic food. a vitamin maker. touching $225e last year. in august regulatory changes. what is a vitamin exactly? you can still order vitamins on the chinese website. this topic is probably going to come up. rishaad: a look at disney which is aiming to set a new standard for service in china. maintaining that disney magic may not be easy. considering the size of the workforce. about 10,000 people be needed to run the operation. rachel: the recruitment drive is going well. they will need 10,000 people at the shanghai park when it opens in june and they have about 8000 right now. the enthusiasm from chinese jo