we will talk to a man u knows alibaba intimately.rters are watching the highly anticipated meeting between president xi jinping and donald trump. their concerns, tariffs and policy tightening. companies could be affected by changes. tung.g meme now is hans mi and alibaba. it seems to be a phenomenal investment you made. how much you think there is a worry about the break down between relations in u.s. and china, and are you worried? >> a lot of people are watching what is happening. is the general consensus that both sides should be reasonably rational and work towards figuring out what is the correct new relationship between the two powers. caroline: being what, in your mind? some of the relationships have gone unnoticed. china is the number two take her of h-1b leases. we also see a lot of money going china such asfrom lyft and snap. what relationship would you like to see? hans: a situation of stability. what china is looking for is something that is nonconfrontational, no conflict, more mutual respect and collaboration, a win-win

the story is that alibaba will host a conference to teach companies how to sell their goods.ds. that is good. we are opening up the chinese on line market, which is the most important way of selling things in china. on line selling is afar things in china. on line selling is a far bigger part of the economy thanit a far bigger part of the economy than it even is in europe or the us. it is vitally important. but on the other side of the equation is that there are wealthy people in the cities in china where their incomes are much, much lower per capita. america has high value finished goods. the question is, does america... you can open up the market but if you don't have the right things to sell it is a little bit like windowdressing. but good windowdressing. the last story about webcams in chinese classrooms. it does not seem like a good idea. imagine knowing that parents could get annoyed. notjust parents. had they watch me at school they would have seen someone they watch me at school they would have seen someone snoring away. —— watched. maybe this is the trend. china is g

alibaba and tencent -- alibaba has a large part of its business that focuses on trade between the u.schina. if trump or to raise tariffs on goods coming from china, that would hurt their ali-express business. that could make it harder for them to onboard u.s. businesses onto their website. i assume that xi is going to want trump to focus on china as a vast market for u.s. companies to sell goods to, and which could help create jobs in the u.s. caroline: the tech titans have been making inroads into china. i'm thinking apple. as well as their supply chain is so important. they are big players in the u.s. as well. selina: apple is going to be a major player, watching to see what the tone is that comes out of this. trump has said he was going to slap some problems on companies that would send their suppliers and workers overseas. apple, of course, have major supply chain networks in china. if that were to be the case, it could significantly raise the process -- cost of production and ultimately the cost of goods to consumers. caroline: what's fascinating is the amount of money that comes

our canadian prime minister tried to put fresh lobster on alibaba.s anything can be sold on there. >> would those be your investment plays if you were still the cio of a fund? >> yes. so, he needs a win. trump needs a win pretty badly. and he need to make the chinese a friend and the chinese view, the chinese ordinary person is is thinking what is going on in the u.s., they're frankly a little bit scared, but to have the u.s. as a partner, to solve syria or, they're looking for that. and donald trump their kind of guy. they're used to a technocrat like xi as the boss. do you want their child to be jeff bes es, the head of amazon, the head of facebook b, anything like that. that is the dream child that they would like to manufacture. ds is looking close tore that kind of person. donald trump should play that card close and say i'm going to help bring greater commerce to your society and maybe even reduce the wealth gap. >> richard, it's jim. doesn't china have a pretty big stick here in that you know, so many u.s. companies have to do business in chin

caroline: amazon may be felt it lost out in china to alibaba. much do you think alibaba will directly and pat -- enter india or will it mean, -- remain an investor? >> that's a good question. i think so far they have spent their time and capital becoming an investor there. they made an investment of couple years ago in snap, which is one of the main competitors. they also made an investment in a payments platform. rumored to be getting into e-commerce. i think from our perspective, most likely they are moving in as an investor. as the market continues to mature, i think potentially they can move in as a separate entity. it is unclear at this point a would be anything more than just an investor, given that is what they have played so far. caroline: you mentioned uber before, and other company you play heavily with as well. have they been taking the right tactics in india? bend some of your rules to be able to make things work in india? >> i think the market is incredibly different. if you look at the wealth of the people there and how they pay fo

now they are seeing alibaba take market share in their core business.ed to venture into other businesses like on-demand. even in those other ventures, alibaba and tencent are taking market share. they had to recover from some regulatory scrutiny last year. caroline: talking of the competitive landscape, i want to shift from public companies to ones we all sit and watch and wait for when they will become public. we're talking ridesharing. lyft, it looks as if they have dimed out on uber's turmoil. selina: i received some financials that are actually private and they showed that lyft is benefiting tangibly from the debacle with uber over the past few months. we saw ridership increase dramatically. their gross looking increased dramatically. they have losses of about $130 million in the fourth quarter. they have cut that significantly from before. everything is on the correct track for them as of now. they recently raised a very large round of funding at a much higher valuation. while they are still a fraction of uber's business, these numbers show they ar

alibaba had the largest ipo of all time.wd taking selfies of the stage in the background. he is truly a rock star. speechs quite an unusual could he tends to be optimistic and visionary come up at this time at a stark warning of a saint the internet will cause more pain than happiness over the next three decades and that there are a lot of people in traditional industries displaced. he did this he said because in the early days of alibaba, he warned that would displace traditional industries, particularly traditional retail come and nobody listen to him. now as alibaba expands into many areas, he is trying to signal rough times ahead for the competition if you don't understand how the internet and other technologies will change government,iness, education, all sorts of sectors in society. haidi: why is he making these comments now? >> it is interesting. alibaba has had quite a strong year. obao has been doing well. now they are trying to expand, and this seemed a warning as alibaba moves into other areas, particularly financ

tencent is less well understood that alibaba. alibaba is a straightforward model.complicated. they make their income from the we chat messaging services. they are able to market their games that way. they are a dominant games provider in china. they also sell advertising alongside that. they have been able to benefit in the number of areas. so far business has been very strong for them. it is interesting. you heard this identity crisis that we were talking about yesterday. i guess you could ask the same question when it comes to tencent. things, in all sorts of cloud, we chat, cars now. how do you value a company like tencent? peter: it is interesting. they took a stake in tesla. partly because they are able to open doors in china that almost no other company can do it. in contrast, i think tencent knows exactly what they want to be. the messaging services are there is strong. ,t is not just we chat, but qq qs virtually by everyone in china. residef apps actually within the messaging service that you open them up with an we chat. there is advertising alongside of i

mainly, it's a $40 billion stake in alibaba., tim armstrong has gotten some heat from the sale name that will represent its internet properties. called oh --to be ohf. tesla is switching to a midsize suv. they will be partly developed in china. the ceo talked to bloomberg in shanghai. >> we have a number of joint ventures here. we have prepared them over the last few weeks and months and some of them have been concluded. i could talk the entire evening about those things. is ja see, our corporation with jac, that is in place. is a win, win situation for both parties. us, starting in small and very small battery-powered vehicles on the chinese market. goneeliveries have somewhat down in the first quarter partly because of the pre-buying affect. expect for the people in china? >> our goal, admittedly for 2017, is rather vicious but we are confident we will achieve them. last year we sold 4 million vehicles. this year, the figure will be slightly higher. volume is not the only thing that counts. we also want to be profitable. given

alibaba,nner, being taking another leap out of its playbook.hink the money -- interesting he is willing to sacrifice some of the valuation in snap deal which could merge with flipkart. there are rumors we could see and 85 cut in valuation in snap deal if we see a consolidation of the two. willing to take a hit. >> correct. that will be an interesting transaction to watch. they might be willing to take that loss on snapdeal if they can get a larger stake in flipkart. he likes to have the more meaningful category of 25% to 30%. we saw them do that with alibaba. we will see if they can do that again in india. the future of farming on aaded to the sky southern china island. spring pesticides over crops with drones. moving from manual labor to automated farming. we have the story from china. it is 44 acres. he is trying new technology. operators toe spray pesticides over his crops. the team of 6 arrived at dawn and got to work. >> agricultural drones like these are taking off in china. the government encouraged farmers to move from manual labor to a

we saw them do that and alibaba, a tremendous investment for them.of farming is heading to the sky. in china, agricultural drones are being used to spray crops. the government is encouraging farmers to move to automated farming. we have the story from china. ♪ >> this year, he is trying to technology. he has hired drone operators to spray pesticides over his crops. atthe team of six arrived dawn and got to work. agricultural drones like these are taking off in china. used now, drones are only on 2% of china's farms, but the market could be worth $4 billion ji is betting more farmers will start automating. they use microwave radar to scan the ground and to maintain the right distance from crops. mitigateones help to the over use of pesticides. the system is doing a lot of the work automatically. the drone has a small payload. he operator has to refill the canister every five minutes. it is tedious, but cheaper and faster than hiring labor. it is a must seven dollars cheaper per acre than manual labor. ♪ ahead, teslall tops general motors. eclipsesric

just look at what alibaba announced. they will allow a million u.s. businesses to sell products to their roughly half a billion customers in china and alibaba. that's just incredible. we see how wall street is rallied the past two days. i'm giving him an "a" at this point. i give him probably an "a." david: the guys not a politician first all. yes he deltas a lobbyist for his own business interests. but that's about it in terms of his understanding how washington works. an was balancing his drain the swamp rhetoric with trying to get something done legislatively. that was a tough balance to do, eric. >> i think it's a tough balance, especially in this environment. and he had to frame it in a way that was non-traditional. but there is no question he's learning. if he just followed through on the corporate tax cut which at 15% is phenomenal for business owners. i own many businesses, 15% just means more jobs you will be adding. i think what you are seeing, you said it earlier. this wasn't about france. that's already been baked in. it's about is he goin

they lost in china to alibaba.hey want to prove to investors they can win in foreign markets like india. caroline: alibaba was back to a softbank, sot by taking a leaf out of his playbook there. he seems to be willing to sacrifice some valuation in snapdeal, which could merge with flipkart. there are rumors we might see an 85% cut and very wish and for snapdeal if we see a combination from the two teams. it looks like softbank is willing to take a hit to win in the long term. >> he may be willing to take that loss on snapdeal if he can get a larger stake in flipkart. he likes to have stakes in that more meaningful category of 20%, 25%, 30%. we saw them do that with alibaba. we will see if they can do that again in india. thank you very much indeed. another story we are watching, at&t is buying a company in an all stock deal. it is one of the largest holders of a certain type of spectrum the power 5g wireless services. at&t is hoping to better compete with rivals with fast internet speeds. this is the second such ac

we saw them do that with alibaba, a tremendous investment for them. future of farming is heading to the sky. in china, agricultural drones are being used to spray crops. the chinese government is encouraging farmers to move to automated farming. we have the story from china. [drone flying over] >> this year, he is trying to -- trying out new technology. he has hired drone operators to spray pesticides over his crops. chinese] >> the team of six arrived at dawn and got to work. chinese] >> agricultural drones like these are taking off in china. recently, the government has been encouraging farmers to move away from manual labor and to automated farming. right now, drones are only used on 2% of china's farms, but the market could be worth $4 billion a year. dji is betting more farmers will start automating. the company introduced to drones for pesticide -- introduced two drones for pesticide spraying and use microwave radar to scan the ground and to maintain the right distance from crops. >> our drones help to mitigate the over use of pesticides. the sy

alibaba will hold a conference in detroit in june to teach u.s.nies how to celtic companies in china. this is the first part of a larger plan to ller small businesses to work with alibaba. weibo is commonly known as china's twitter. its parent company has enjoyed exploding revenue growth over the last year and the chinese telecom giant says that is largely due to -- due to the rapid use -- uptake of weibo in rural areas. we spoke with the ceo about what he plans to keep driving forward. >> last year we grew independent revenue by 110%. that is actually very big. at that moment it is continuing this year. you will see there was still be significant growth. to a lesser extent to other spaces. >> weibo, the messaging service that provides so much of your revenue stream, you've done a very successful job in growing weibo's users. how much more growth have you got following that strategy where are the new markets? , >> we will still grow faster than most competitors in user growth, but our overall basis, the market is slowing down. we will focus on tim

we saw him do that with alibaba. that was a tremendous investment for them.e if they can do that again in india. the future of farming is heading to the sky. in china, agricultural drones are being used to spray pesticides over crops. the chinese government is encouraging farmers to move from manual labor to automated farming. we have a story from china. >> ♪ he farms about 44 acres. this year, he is trying new technology. he has hired a team of drone operators to spray pesticides over his crops. >> the team of six arrived at dawn with a flying fleet and got to work. >> agricultural drones are taking off in china. in recent years, the government has encouraged farmers to move away from manual labor to automated farming. right now, drones are only used on about 2% of china's farms. the market could be worth $4 billion u.s. a year. to talk john maker is betting -- the top drone maker is betting more farmers will start automaking. -- automating. >> our drunk helps mitigate -- using toos mitigate much has decided by following a planned route. you can ensure more

and now we have seen the alibaba stock rocketed, alibaba became a publicly traded company and as a resultng a big pay-out for her. a lot depends on the vote injune. is it likely to go through? no one really believes that this the vote on 8th june isn't going to go through. there have been some problems with regards to the sale to verizon, it was when it was revealed there were two massive data breaches and as a result, we saw that verizon had renegotiated how much it was going to pay for yahoo. keep in mind marissa mayer was punished financially as a result of that and had to let go of some of the bonuses she would have received in the years 2016 and 2017 because it was felt that herself and some of her executives didn't do enough in terms of investigations with regards to the data breaches. thank you very much. in other business news: wikipedia's co—founderjimmy wales is planning a news service that combines the work of professional journalists and volunteers. his goal is for wikitribune to offer "factual and neutral" articles and combat "fa ke news". the service will be ad—free and free

alibaba will hold a conference in june.this is the first part of a bring smallto -- businesses to work with alibaba. weibo is no nest china's twitter. the chinese telecom giant says there is a rapid uptake of weibo in rural areas. our tech advisor -- we spoke with the ceo about what he plans to keep driving forward. >> last year we grew independent venue by -- revenue by 110%. that is actually very big. it's continuing this year. you will see there was still be significant growth. reporter: weibo, the messaging service that provides so much of your revenue stream, you've done a very successful job in growing users. how much more have you done the strategy and where are the new markets? >> we will still grow faster than most competitors in user ,rowth, but our overall basis we will focus on time spent competition. we will keep increasing products and more offerings in terms of video. we have tremendous growth in terms of video uses in short video last year, and live streaming. we just started beta testing with video stories

our largest investment was in the alibaba group.15 years to go public, and it was worth the wait. , there are af uber lot of things in flux. the business is only eight years old and it is still early in its broader development. we are behind management. at some point in the future, and ipo is likely in the cards of a company this size. it doesn't seem that there are any other paths for liquidity for shareholders. we are supported of that. caroline: worth the wait. wonderful having you on. to bob oh donald. great to have you with us. coming up, amazon disrupted e-commerce, but now targeting in a prize customers. what can suppliers due to stay ahead of the goliath. this is bloomberg. ♪ caroline: amazon business said to disrupt the supply chain. the group by 20% month over month. how is amazon taking aim on this fragmented market and is it the new area of disruption? wonderful to have you with us. perhaps not a new threat. perhaps something going on for 20 years. where would amazon want to make inroads? >> there are court documents rel

they expect, just like in the us, expect to bring in huge benefits in the future, with backers like alibaba. what they realise is that at the moment date is more important than profits. the company has got themselves 400 million users across 400 chinese cities. that data is absolutely gold dust. so they've tied up with another local operator and they go up against the competitor in bike sharing, the different company called i think mobile. they are wary that market share is drifting away to this rival. briefly, in about 30 seconds, it is interesting, this story about cancer and the treatment is not really working well in elderly people coming from japan, which is probably one of the biggest ageing population countries in the world. what are they going to do? you've got cancer and you are old, sorry exclamation mark mary mac that's the worry. we have many worries about research emerging about all sorts of things. —— sorry. that's the worry. this is focusing on research that showing the efficacy of cancer treatments on elderly people. cancer drugs can be very expensive. are you going to deplo

in recent months, you come has signed agreements with baidu, alibaba and tencent.lobal news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. trump and hisent chinese counterpart set to hold the first meeting on thursday. the white house is alarmed that the chinese could bid for the westinghouse nuclear business. tom joins us with more on the story. for years, chinese have expressed interest in the nuclear reactor builder paid -- builder. how likely is it this will come up in the meeting? the toshiba unit. there have been accusations that the chinese have spied and tried to still secrets from westinghouse previously. there are steps underway in washington to try to prevent any chinese entity trying to buy was tryinge toshiba to spin this into profit-making and there is a theory in washington that the money could come in the form of investment in a venture capital fund, hidden chinese funds to buy the unit. they're trying to prevent that. broader set of tensions. we saw previously a strong, a german chi

maybe like alibaba because we don't have a first party inventory.so like ebay. -- not soed prices much auctions. it's a marketplace part of amazon. k: because you represent third-party sellers, the preferred metric is gross margins. amazon wants to expand south of the border. are you running into amazon more and more? marcos: they want to expand everywhere. yes, we are. >> what is your strategy? marcos: the same strategy we've always had to maintain leadership which is focused on our users, we try to do the best we can and focus on our product and deliver a lot of inventory, great service. the rest will take care of itself. i'm sure jeff bezos would say he's trying to do the same thing. what are your strategic priorities? marcos: we have a huge opportunity in payments and financing. we've created a large platform and let america. -- in latin america. we had 28 million buyers and 8 million sellers. it is very synergistic with our business. we started experiencing providing financing to merchants in brazil. it's a huge opportunity. then, we will secto

an affiliate of ecommerce giant alibaba raised its price by nearly 40%, valuing that revised deal at nearly $1 billion. shares popped more than 7% to $17.79. >>> the hospital operator hca holdings issued a bleak outlook for the current quarter, warning profit and sales would miss estimates. the company cited fewer hospital admissions and more patients on less profitable government issued plans. shares fell more than 2% to $85.65. >>> boeing meantime is planning more job cuts. in a memo to employees, the aircraft maker said it would lay off hundreds of engineers in its commercial airplanes division. the latest cuts are expected to take place in june. shares of boeing rose nearly 2% on the news to $179.02. >>> walmart is reportedly close to buying the men's online clothing company bonabos. the two companies have settled on a takeover price and they're finalizing the deal. the latest move represents walmart's desire to expand its ecommerce business. walmart shares rose 34 cents to $73.49. >>> coming up, americans are giving their credit cards quite a workout. but should investors be con

and alibaba get a heavyweight unification bout.nd this time last year. two successful defences, his first fight against 2017, against one of the greats of the division. wladimir klitschko, unbeaten in over a decade. here is the split between the two men. wladimir klitschko is 41, 14 the two men. wladimir klitschko is a1, 1a years older than anthony joshua. he has fought 50 more professionalfights, 5—0, joshua. he has fought 50 more professional fights, 5—0, than joshua. joshua unbeaten in 18, a lot of them in two or three rounds. he has only gone beyond three rounds twice, when it went to seven. he has knocked all his opponents out. but klitschko is so sure he can come here and get back to the top of his sport. let's hear from here and get back to the top of his sport. let's hearfrom both fighters. he's a good fighter, you can't deny that. they've done a good job, and myjob is to be the same. i don't want to beat him and people to say, x, x, x. i listen to what he has to say. he's obsessed. he's got passion. when i face him, i want

. >> if you missed a himson, buy alibaba, your second bite at the apple. >> that does it for us."options action" starts right after this break. the comfort in knowing where things are headed. because as we live longer... and markets continue to rise and fall... predictable is one thing you need in retirement to help protect what you've earned and ensure it lasts. introducing brighthouse financial. a new company established by metlife to specialize in annuities & life insurance. talk to your advisor about a brighter financial future. ♪ to err is human. to anticipate is lexus. experience the lexus rx with advanced safety standard. experience amazing. ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing. >> hey there, we will light up the nasdaq markets on expiration friday. we hope you didn't miss us too much. here's what's coming up on the show. >> well, it comes down to a few moments. >> next week is one of them from megacap tech. we'll tell you how to profit. plus, all those stocks on the left. there is something in t

he also explained how alibaba's financial arm is helping to develop the business.lue the most from the companyion with is the education they have in mobile payment service, credit system, and the data. therefore, we hope to boost the development of the bike sharing business with our ample experience in these areas. we also hope that the convenient mobile payment system will help facilitate the process of our overseas expansion. >> can you give us an update on your expansion plans? >> we set our target for 2017 to enter 20 different countries in the world and infiltrate 200 cities in china. policies are the deciding factors in terms of how fast we can bring our bikes into a new foreign market. now, we have at least 10 competitors, billions of dollars being piled into this part of the economy. is there a risk of a bubble in the bike sharing sector? >> i think there are definitely bubbles and the bike sharing market. there are three bing phases for the players in this is to evolve. fighting to put more bikes on the street, competing to make bikes easier to ride, and b

alibaba.like tesla, holy cow. >> well, ten cents probably enough on tesla which is up another percent. by the way our parent company shares, jim, i should mention are up over 1%. comcast this morning introducing its wireless strategy. which is built around this mobile virtual network operation agreement they have with verizon. i know, it's called an nvmo, but what you're able to do is have that in addition to the hot spots for wi-fi. they're able to sell their customers a wireless plan. in a sense. >> it's big. >> yeah. xfinity mobile. so you bundle wireless service with comcast, other xfinity experiences. xfinity mobile, customers only pay for the gigabytes they use. flexibility to switch back and forth between data options. for now, this appears to be what comcast is happy to go with as their mobile strategy. remember, there had been plenty of speculation, does comcast have interest in buying an actual operator and having what we like to call owner economics? that does not appear to be the c

alibaba struck a partnership with one of china's biggest auto manufacturers.e slated to come out with a connected car in the future. it doesn't come up as much of a surprise. >> shares of general motors are up to date. a decision to split the stock into two classes. >> the theory is that some people by gm for the earnings streak, some people buy it for the dividend. he considers it a depressed stock. there is a good dividend yield on it. capture the earnings stream, taken in each of buybacks. you can have greater people unlock so that people can buy exactly what they want. perspective, they don't think splitting this stock will pop -- it could actually hurt their credit rating because it will guarantee a dividend. >> samsung is trying to move on from the pr nightmare of its last major rollout. in a flash new york unveiling it revealed a flagship smartphone. it has been a rough few months for samsung. the exploding smartphone, then the heir caught up in this corruption scandal. can one phone turn all of this around? >> i think it is an important first step towa

alibaba struck a partnership, so it does not come as a surprise.hese are financial investments, a place of the table. sources areips and telling me they would not be surprised if there were partnerships. wechat is great for tesla to have their feet in. feed in. cory: $82 billion investment matters. eight $2 billion investment matters. 100 inent has made private and public companies, all internet related, and this one marks one of several investments into the automotive space. we have seen this all over the news here. there is a change going on in the way people and products are moved around. it is very early stages and no one is sure how it will play out. i think they just want a seat at the table, a tale in the water position to see how things play out. cory: it helps them get cash out of china. a lot of money is fleeing china on an individual level. all of china's biggest companies won a seat at the table and get more capital abroad. it is unclear what the process will be like for tencent, but we see financials having trouble with moneygram. yes,

alibaba struck a partnership, so it does not come as a surprise. are financial investments. but maybe a place at the table? >> it is unclear at this partnerships and sources are point. telling me they would not be surprised if there were partnerships. wechat is great for tesla to have their feed in. cory: they really want people texting more while they are driving. [laughter] cory: $82 billion investment matters. investment matters. what you think they want out of it? to 150ent has made close investments in private and public companies of all different types, but all internet-related. this one marks one of several investments they made into the automotive space. we have seen this all over the news here. there is a number of major .layers in related industries there is a change going on in the way people and products are moved around. it is very early stages and no one is sure how it will play out. are the automakers going to be the players? will tesla be the player? i think they just want a seat at toe in the water position to see how things play o

so has alibaba who recently struck a partnership with one of china's biggest auto manufacturers.e slated to come up with a connected car the future. it does not come is that much of a surprise. >> shares of general motors are up today after its rejected a proposal from greenlight capital. david einhorn split the stocks into two classes. >> with the thesis is is that people by g.m. for the earnings stream because it had very good profits. some people buy for the dividend because the price is pretty low. he considers it a depressed stock. when i give investors the choice to either buy a dividend stock or buy a regular stock? when you have these two different instruments, you will have greater value because people -- reader value unlocked because people can buy what they want. gm does that the evidence that splitting the stock in this way, it's almost unprecedented, will pop the stock. it could hurt their credit rating because it would guarantee a dividend. >> samsung is trying to move on from the pr nightmare. this last major product rollout in a flashy new york unveiling earlier t

francisco-based startup raised $36 million today, led by a venture firm behind slack and airbnb and alibabajoining us is joseph ansanelli. i'm going to segue from tesla to you. a company that might be having some stresses. how would you be providing an easier way in this stressful time for tesla or a company talking directly to its customers? joseph: whether it's tesla or anybody else, when you have a situation like this, the more the more you can be , understanding and empathetic you can be with your customers, people value that. at the end of the day, people value that you take care of them. so much of customer service is when you have an issue or a problem. if you can resolve it in a way that makes people feel good -- we love the quote, people forget what you tell them, forget what you did for them, but they never forget how you make them feel. if you -- we try to make them feel cared for. that's the key thing we encourage people to do. tesla is doing this proactively and voluntarily, which we think is a great approach. caroline: whether it's by voice, email, sms, you are making sure i a

away, the fact they will be getting $4.5 billion for the core business, $43 billion they have in alibaba stock, $9 billion in yahoo! china stock and $7.5 billion in additional cash currently held, totally $64 billion versus the current market cap of $45.5 billion, which would be a stock price of $67 or difference over 40%, what is keeping the company stock from adjusting to the component value and should we back the truck up? >> noy don't back the truck up. it's a plan merger. you have great numbers you reeled off there. i don't know about the tax considerations. it is a holding company after all. if you want to hold it, that's fine. i'd like to find the next big one. sometimes it all comes together like today that people put together details about companies and reach their own conclusions. today, they come uniformly bullish. on "mad money" tonight, santa ana snap-on, maybe they've got it wrong. and who could be the biggest winner from the sherwin williams-valspar merger? it may shock you. >> something you don't know about, a rare appearance by matthew boss, an analyst. coming up. stick

china who had an idea to start an online platform that helped a million people rise out of poverty, alibabaou go to japan, eddie youngster online using their phone, that company is based in south korea. vonnie: this was a new york focused event. many ceos from new york going to the administration. is this going to be done by other cities around the country? is there a danger that one city might be given preferential treatment? >> president trump is a new yorker. that might have had something to do with it. we have a number of members of this particular committee. the partnership for new york city is a most like the chamber of commerce if you are familiar in your local city. our american viewers and colleagues may be familiar with that. many of the people who used to be on that partnership have joined the administration in some --. secretary ross is a good example. there are some personal ties. this is a very excellent group of ceos who represent global interests. you have steve schwarzman. >> we have to leave it there. thank you, tom farley, president of the nyse group. >> thank you. much a

charlie: mainly because of the investment into alibaba. >> absolutely. that would look like a perfectly good investment. .hirtysomething $33 a share, whatever that meant back then. you put the two things together and there would have been a lot of synergy and speed to market that took a lot more time. the cost benefits did not accrue as much for microsoft. the final partnership we would have acquired. with 10 years of hindsight, when we first proposed acquisition, it would not have looked good five years ago, with 10 years having passed, i think that would have looked like a great acquisition. charlie: when you look at the future, cloud has been a huge part of microsoft's success today. where do you see the future going? what will be be talking about? >> i think it is fair to say i spent two to three years working on usafacts because data was not accessible. in a sense, you would like technology that can -- you express your interest in a topic, and the artificial intelligence, if you will, that lives in the cloud, is smart enough to say, i'm not just goi

a rather grim forecast from alibaba's chairman jack ma.he education system and establish how to work with robots to soften the blow caused by automation. that is your bloomberg business flash. tom: thank you. this is deutsche bank. idea of the trend since 2007 all of the german bank. i know bnp paribas has done better. do these people need a macron victory? finance, too big to fail, how badly do they need macron to become the next president? >> i think there is important that there is stability in europe. breakup risk would be extremely damaging to the banking system. it is a huge relief to the financial sector that we are seeing this morning. we have a likelihood of a more moderate outcome, even if it is not particularly productive. the worst-case outcomes are avoided. you can continue to operate. let me also introduce our guest from paris, he is from an important think tank in paris. thank you for joining us. do the french want radical change? was it a candidate who seemed cleaner and less extreme than something is happening in france. t

speaking today at a china entrepreneur club event, alibaba's chief executive chairman said we might seeot ceo on the cover of "time." in the coming 30 years, the world's pain much more than happiness because there are many more problems that we have come across. cara, i think it was last year at your conference, i was talking to gene lu of didi and she said they were not planning to use autonomous society because chinese society needs drivers, people at work driving cars. i don't know if that holds up. >> no. >> how might it play out? you say no. how might this play out over the next, say, five, ten years? >> i think this is a big issue of what happens to jobs. not just driving but all kinds of things. accountants, lawyers, ceos. maybe they wouldn't misbehave so much. these issues around ai and jobs and robots are critical. i mean, on one side, the politicians are discussing coal mining when it's real jobs that, you know, not that coal mining isn't real jobs but they're lost jobs but these are jobs currently held by millions and millions of citizens across the country and the world and