stephen: where do you see alibaba and what kind of company do you think alibaba will be 18 years from>> i will say alibaba today is not an info company, it is an economy and an assistant to go digital and do the digital transformation. of course, i think we want to be bigger, but the most important thing is quality. >> i think the business will always change because we will follow what our customers want. but the important thing is alibaba, 5, 10, 20 years from now will still be the same company when it comes to our mission. to make it easy to do business anywhere. jack: i think 18 years is enough for is to improve globalization instead of killing globalization. i believe when trade stops, war starts. so we can fight trade, but not fists. this is the mission, this is the responsibility for alibaba to improve globalization. stephen: thank you so much. jack: thank you. ♪ ♪ alix: hello and welcome to a special edition of "bloomberg best." we are going to revisit a conversation from september 15 on "bloomberg daybreak america." that morning three of wall street's top investors and co-owne

alibaba narrowed the gap between alibaba and tencent.rowed the gap between alibaba and tencent. alibaba controls nearly half of business e—commerce consumers. jd.com is hoping this new strategy will have the company increase its shares. thank you very much and good to see you. ikea will start selling its famous flatpack furniture through online retailers as part of a wider push to become more accessible to shoppers. the swedish chain — known for its vast edge—of—town outlets — is also testing a smaller city centre store format. interesting. let's have a look at market really quickly. the japanese market really quickly. the japanese market and markets elsewhere are playing catch up because japan is open for the first time in over a week today. you can see hong kong is also higher following a week today. you can see hong kong is also higherfollowing a decent night the night before on wall street. i will be back in a moment. stay with us. for over a hundred years, police have used fingerprint matching to identify suspects. now police forces

look at what alibaba, for instance, jack ma has done with that company.way it has increased its breach both in china and elsewhere. but china needs to boost growth. there has been a retrenchment from global markets to focus on domestic growth, and you can't curtail the rise of these companies if you are serious about promoting growth in other areas. difficult balancing act, whether to keep your shareholders happy or the communist party, that is the question. looking at the guardian, this airbnb for hospital sounds like desperation, or an inspired this airbnb for hospital sounds like desperation, oran inspired idea? this airbnb for hospital sounds like desperation, oran inspired idea7m depends how you look at it. the idea of bed locking has been a problem for the nhs. the argument is that those who need critical care are starved of places to sleep, so outsourcing to private homes. there isa outsourcing to private homes. there is a bit of an intermediate structure, because it is not the nhs negotiating directly with host is, negotiating directly with host i

you invested roughly $20 million in alibaba.time it went public, it $90 billion,ghly so $20 million to $90 billion is a return of about 4500%. jack ma is a very distinguished individual, now one of the most important entrepreneurs in the world. what made you put in $20 million? >> he had no business plan. , 35-40 employees, but his eyes was very strong, strong eyes, strong, shining eyes. i could tell from the way he talked, the way he looked, he had charisma, he had leadership. so his business model was wrong. it's the way he talked, the way he can bring young chinese people following him. famous,e god who was so you made an early investment in it which was profitable. how did you hear about it? >> it was still private, 15 employees, and i convinced them to take $100 million of our investment. at the time, we negotiated -- we agreed, they grew from 15 to 35 people, and we invested $100 million to own 35%, and actually went ipo and made a great return. at the same time, i convinced him to start a joint venture, yahoo! japan. in $

is reporting on thursday, apple is climbing of a 4% and alibaba could see a 5% move. together, they represent $84 billion shift in market cap. >> call to action, hey mike. >> we'll talk about using a call spread risk. we are looking at alibaba, we are targeting a catalyst, earnings that's reported midweek. elevated option premiums is what we are seeing. implying a 5% move which is largely than what we have seen this is a stock that's up a lot. one of the things we are looking to do is risk less than purchasing the stocks here taking a quick look, you can see the kind of move that we have seen and basically what i am trying to take a look at here is i don't want to take -- if it is going to move 6% downside, that's what i am looking weekly options, i can buy next friday for $5.70 and sell the 162.5 at 125. this entire trade you can do at $1.70. i was trying to put this trade on i lost my market data by the time it came up. this is a trade that i will be looking to put on on monday. i did not manage to get into it today. >> dan, what did you think of the trade? >> the m

alibaba's short—term loans from its mobile platform.rm loans from its mobile platform. alibaba's jack, is a principal shareholder of this company. movies in india are a multibillion—dollar business but theatres in the south of the country, which has a vibrant industry, have been facing massive losses after a hike in taxes on tickets. divina doctor travelled to find out more. —— cooked. this man earns $4 a day working in this shop in the town of madurai. he normally spends his salary on household expenses. but this month he is planning to treat himself to a much awaited movie. this month he is planning to treat himself to a much awaited movieli ama himself to a much awaited movieli am a movie fan, the ticket prices are high. this film starring a well—known actor is the first movie to hit theatres in the area in weeks. it's diwali release is going ahead after the state government agreed to reduce local taxes on movie tickets. like some other state governments, they had raised local taxes on top of the nationwide goods and services tax. th

alibaba has acquired the right through 2024.irst time in college sports network will be made available in china. they johnson sat down with commissioner larry scott and asked how big of a deal this truly is. >> it is a really big deal. first conference to have a comprehensive partnership outside the u.s. they will help us distribute a mass amount of content. chinese audience and help us have a regular-season basketball game in china. it is a big milestone for us. it is huge with great --erhouses like dan for, usc stanford, ufc and beyond. it is well-known. education -- we have 12 amazing brands. andinterest in u.s. higher is hard. sports basketball has the most in china. the chinese play and love basketball. one of the interest in the pac-12 is that they know so much about it. they want to see where nba stars come from and see the highest level of amateur athletics and immature collegiate athletics. it is a novel concept. we are the only conference that has a regular-season -- this is an exhibition game. >> when we look at how t

while china's alibaba is also pushing into the high street retail sector.with aliba ba about why they're making the move into bricks and mortar stores. no one knows exactly how retail is going to look in five years. i have my view that, as companies use of data and technology and the capabilities we are building in different areas, i think it is going to become more and more serious for a consumer to constantly be interacting with the product. smart phones will become more the foundation, as it is in china and europe. people will find ways to say i have immediate access to see the product physically all virtually or a combination of the two. to what extent is the rule book being ripped up extent is the rule book being ripped up and being rewritten. you have this tremendous shift from online retailers getting into bricks and mortar. how big shift is under way? it isa mortar. how big shift is under way? it is a very good news for retailers who come from the bricks and mortar space in the sense of the incredible technological capabilities of companies like min

we're targeting alibaba. importantly, elevated options premiums are what we're seeing implying about a 5.7% move, which is larger than the last couple that we've seen also this is a stock that's up a lot. one of the things we're looking to do here is risk less than if we were just going out and purchasing the stock here. so taking a quick look, we're going to be -- you can see the kind of move that we've seen and basically, what i'm trying to take a look at here, if it's going to move 6% down, that's the risk essentially i'm trying to avoid it moves 6% to the upside, that's what i'm looking to capture when i'm using a call sp spread risk reversal sell the 180, two and a half for 270. this entire trade you could do as a dollar 70 for slightly better than that around 10:00 this morning, i was trying to put this trade on. i lost my market data. by the time it came up, the stock had rallied sharply. this is a trade i'll be looking to put on on monday. i didn't manage to get it today. >> what do you think of the t

alibaba has acquired the right through 2024.irst time in college sports network will be made available in china. corey johnson sat down with the commissioner larry scott and asked how big of a deal this truly is. >> it is a really big deal. we're the first conference to have a comprehensive partnership outside the u.s. they will help us distribute a vast amount of content, 175 live events to the chinese audience and help us have a regular-season basketball game in china. it is a big milestone for us. >> is there one sport in particular -- there are great usc, andes like beyond. >> the chinese audience loves prestigious brands. some of the ones you mentioned are very well known. >> arizona, washington, my apologies. >> we have 12 major -- amazing brands. the interest in the u.s. higher as olympic sports. but among the sports, basketball has done well in china. the chinese play and love basketball. one of the interests in the pac-12 is that they know so much about it, they want to see where nba stars come from and see the highest

how about alibaba could soon surpass amazon's market cap.ing closer to amazon's cap of $470 billion. came within a billion or two in trade earlier today. jim, this is -- i mean, the performance of these chinese internet companies this year has been quite incredible. >> the performance of internet companies, period, has been pretty incredible. >> not just amazon. >> yeah. exactly. amazon is on a course for world domination and about the only company that might stop them right now is alibaba. >> do you think investors are taking that threat seriously enough, though can amazon and alley baibaba bon >> for the time being, i think it can right now they got a lot of traditional companies they can continue to disrupt before they have to turn their fire on each other so they can keep going a big world right now. amazon's got the u.s., maybe europe and alibaba's got the east with china. so they -- it's a ways off before they have to worry about each other. >> dani, amazon? >> amazon is a little bit -- it's structured differently. alibaba is a larger

alibaba-backed qudian getting ready to open at the new york stock exchange. happens, we'll speak with the ceo "squawk on the street" will be right back still looking at a strong market here, record highs on the dow, s&p, the nasdaq is lagging all three. but we'll keep you arippsed of the news when we come right back i can't wait for her to have that college experience that i had. the classes, the friends, the independence. and since we planned for it, that student debt is the one experience, i'm glad she'll miss when you have the right financial advisor, life can be brilliant. ameriprise ...from godaddy! in fact, 68% of people who have built their... ...website using gocentral, did it in under an hour, and you can too. build a better website - in under an hour. with gocentral from godaddy. ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing. >>> still waiting for shares of qudian to open the largest chinese ipo listing here on the nyc this year. a provider of online credit products in fact, they s

amazon the market cap of versus alibaba. we last saw alibaba as larger than amazon market cap wise in mid-2016. alibaba with larger than amazon market cap. we will keep an i on this metric to see if that trend is continue. we are watching oil prices, which have been supportive of break stocks, in particular drillers. crude oil pushing closer to $51 a barrel as we hear from the opec chair saying we see an expansion in the number of countries signing on to the production cut plan that is ongoing. transocean and diamond offshore among the gains. finally, we turn to a proxy for ewp surging in the wake of those comments from the president of catalonia, pulling back on an aggressive plan for independence, deferring and independence push, so to speak. we are seeing that up 1.5%. julia: thank you very much, julie. staying on spain, maria joins us now on the presentation from the president in barcelona. what did he actually say here? there were concerns that he would declare independence here. it looks like he's taking a step back an

. ♪ >> welcome to china, birthplace and home place of juggernaut alibaba.y alibaba, but china, as well and the global internet economy as a whole. and we were here for the 18th birthday bash. [applause] packed in with 40,000 employees into an outdoor stadium. and we spoke exclusively with group executive chairman jack

deidre has the details >> alibaba with all pac-12 sports, for last two years china hosted the openinges and both years the broadcasting of it attracted more than 10 million chinese viewers. just to put that in perspective, thursday night football last week bringing in 15 million viewers domestically including amazon prime members that streamed the game. ncaa sports are just getting started in china by joining forces with pac-12, alibaba will have the ability to distribute 175 live network event providing alibaba with new contact for the massive audience as battle for sports content heats up over in china alibaba's rival has partnerships with the nba and nfl for pac-12 this gives them the opportunity to expand its global footprint as commissioner larry fox told us on squawk box. >> globalization is huge priority for universities and sports can be the front porch as it exposes interest and passion. >> the first game, first ncaa basketball game this year is on november 11th. ucla versus georgia tech played in shanghai. this is the latest place of china's big bet on sports content, and in

price to earnings we are seeing for alibaba at 63.32. 78.96 -- 27896.d of sandwich between facebook and amazon. betty: facebook looks cheap. facebook reporting up the market closed in new york. reported their earnings for the quarter after stalling for most of 2017. the company sought a sustained pickup and app visitors to its different properties. the increase may have been held by instagram, which added 100 million users from april to september. you talked about how expensive 1361, were, but g #btv facebook is nothing compared to netflix. take a look at how much the stock has gone up. netflix is a clear winner. much more ahead on "daybreak: asia." ♪ stay with us. ♪ -- stay with us. ♪ is this a phone? or a little internet machine? it makes you wonder: shouldn't we get our phones and internet from the same company? that's why xfinity mobile comes with your internet. you get up to 5 lines of talk and text at no extra cost. so all you pay for is data. see how much you can save. choose by the gig or unlimited. xfinity mobile. a new kind of network designed

a check on lululemon and alibaba , women's wear daily is lululemon ceo had preliminary talks with alibabaxecutives, including jack ma, on lululemon's role helping alibaba with its new retail, bringing a digital strength into the real world, into the bricks and mortar world. lululemon would potentially have some sort of role to play. lululemon is up 2.5%. credit suisse is facing restructuring presser from activist investors which rudolph bali is pursuing -- or pushing for credit to be split into a tumbling unit. associates of harris dismissed the activist call. >> the reason why the activist is going after this inc. in particular is because it is undervalued. there is substantial or upside -- substantial upside. management has a plan in place that overtime should release value. mark: joining us from our is bloomberg's jan-henrik foerster. he want and why does herro disagree? >> obviously, they have different interests. thinks credit suisse is on a good path and the restructuring is gaining momentum. the bank had flash costs and results are becoming better. the thing that emerged yesterday

phasing out nuclear power and covert warnings that earnings good alibaba buys rights to top 12 sports. this is bloomberg markets. ♪ rishaad: in the absence of trading this week, china seeing good gains across the board. we are having a look at what is happening and bringing up 5120 if you are a bloomberg user. asian stocks going toward their best year since 2009. asia-pacific stocks outperforming globally speaking, the turquoise line, with europe doing well as well. and the american equities market looking like that. so over there come all of this is in u.s. dollar terms. and this comes as fast-growing market like china and india move, but each of these have the potential political crossroads. some might say a high be to place. if they can go up. if that does happen, it could result in a cute pain -- accute pay for asia. this coming through for some of the market parties out there. just under a half hour before we get underway in hong kong, but startinguala lumpur their session. what have we got? >> no pain so far with the asian equity markets, busy with success, that was the title of

but as we look out to 2018 we do see some headwinds for baidu, and that's coming primarily from alibabatheir platform and search spending, we have heard from our survey work that advertisers are looking to -- to allocate money out to alibaba, so that's going to put some more pressure on baidu in 2018, but overall recall to your earlier point. >> joseph, i'm wondering, we just had the ipo here, lather ten cents named a lot as well as al baba as far as the investments they are making in some of the chinese and asian startups s.baidu doing enough investment i mean, you look at what they have tried to build and invest in over the years, an it seems like they are pretty much copying the google "playbook." this they done it well enough, or should they have done something differently? >> again, from what we're seeing they have made some investments. if you look their 020 delivery system clearly that was not a great investment they are investing in ai, trying to find ways to better optimize the spending, so clearly it seems like they are struggling with respect to their investment strategy that

it takes three seconds, three seconds to transfer as much as $160,000 to anyone who's part of the alibaba network because they can assess credit worthiness in three seconds. the argument is of course that online activity is a far better indicator of credit worthiness than the traditional kyc practices. >> you're not a buyer at 5,200 christine leguard said it's too expensive. >> it's very expensive. >> also some skepticism, guys, there on its legitimacy and a plug for alibaba as sort of a cashless payment solution, when he says is working in china. this is all something we can talk to tomorrow we've got an interview with stan fisher, the vice chairman of the federal reserve. this is his final interview as vice chairman. this is his final weekend as vice chairman of the federal reserve. so we have a lot to talk to him about. reflections on his tenure, some policy advice going forward for the next fed chairman and of course what's going on with growth and that mysterious inflation, which is the current debate right now in central banking. that's coming up tomorrow this time >> i can't wait f

. >> and right now at this hour, alibaba backed qudian largest provider in china making its debut here at the new york stock exchange stocks surging at the open this morning. up about almost 40%. up near 39%. for more we're joined by qudian founder and ceo min luo. congratulations. you own about 60% of the country, so that makes you a billionaire, i believe biggest listing in china i'm interested in the business you're in providing these small dollar amount loans for people we've seep this in the u.s. with companies, why is this so important for the chinese consumer right now >> thank you thank you for the question actually in china it's really different from the u.s., you know u.s., the credit card very long, thousands of years in china it only lasts ten years. in china is a capitalist society. pay -- in china you don't need to take any money to outside so we are now actually -- we are number one credit card in china. so it's different stuff. >> what's a virtual credit card. >> means you don't need to give cash not take money, cash just to have an account. account just like you have a

alibaba is up 100%, it doubled this year. question is, is it worth your money?tacey gilbert with susquehanna. "trading nation" team. stacey, simple question, is alibaba still a good buy >> we don't cover it fundamentally, heading into inini earnings, market seems to be pretty dwivided here. the implied move is somewhere between 5% and 6%. when you compare this to 4q and 2q, that's 2% and 3% respective. there is extra risk being priced into the quarter here. one of the takeaways i would say is options aren't cheap. think i'm going to buy a call option, i'm bull isishalibaba, you're buying it with excess volatility because there's the expectation for extra movement to answer your question, brian, our event-driven analyst has talked about this several times and we mentioned it last time on the show, we think sticker aaba is an interesting alternative given its 15% stake in baba, given 771% of its value is comig from baba. that's an area we think is kind of a more interesting alternative for those that aren't in baba looking for an alternativ alternative. >> matt ma

dot com has surged roughly fifty percent founder and executive chairman of the alibaba group jack ma says it's not about whether a product is made in the u.s. or made in china it's all made on the internet the manufacturing sector which brought such momentous highs and changes in the job market are a thing of the past it's the service sector which will dominate the future according to ma and sixty percent of small businesses will benefit from globalization and all this investment means of course we have to talk start ups take a look at this the number of startups in the united states valued at or above one billion dollars in the last seven years hit more than one hundred and then coming up at a fast clip as china three years ago in two thousand and fourteen it stood at twenty . shooting up now to fifty six just a couple of years later and of course the very nature of a startup means we can't know their true value and few have gone public. five days in for a fiscal year and we have a budget blueprint from the house of representatives all the democrats and eighteen republicans voted ag

the global leader will be back in companies like baidu and alibaba.ositive in a negative. penn state backing for things like ai but also government headwinds in emerging tech and core business. emily: thank you so much. always good to have you on the show. thank you for being so generous with your time. thank you all for watching. that doesn't it for this edition of bloomberg technology. we are live streaming on twitter. happy friday, everybody. have a wonderful weekend. we will see you on monday. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. >> from our studios in new york city>>, this is charlie rose. charlie: we begin this evening with a focus on t

>> no, it's just shares of alibaba.ut if you miss the move, we'll tell you how to get long for just $2 ahead of earnings. >>> plus, calling all "options action" fans reach into your pocket, grab your phone, and tweet us your question @optionsaction. if it's nice, we'll answer it on air. when "options action" returns. >> logical i think it's terrific. >> announcer: "options action" is sponsored by think or swim by td ameritrade. 5 years, hmm. you ever call your broker for help? >>once, when volatility spiked... and? >>by the time they got me an answer, it was too late. td ameritrade's elite service team can handle your toughest questions right away- with volatility, it's all about your risk distribution. good to know. >>thanks, mike. we got your back kate. >>does he do that all the time? oh yeah, sometimes he pops out of the couch. help from real traders. only with td ameritrade. hi, i'm the internet! you knoarmless bowling.lt? you got this, jimmy! you know what's easy? building your website with godaddy. pick a domain n

you look elsewhere is there another alibaba out there. >> alibabas -- make return we vested in median dollars worth 6 billion in nine months, you don't have to find just alibaba to make good investments. dagen: mike murphy your reaction to both comments. >> the uber is really interesting, because you know so many people are talking about when is uber going public it has to go public, well he talks about, giving the company a billion to a billion and one half, and taking existing shareholders employees out of their spots tendering from people who own it sounds like a public type transaction without going public i think really interesting do could be future for unicorn if you have the large like softbank raising another 100 billion dollars fund if looking to go out to unicornss provide liquidity will one hundred percent give unicornss lots of reasons to go public. >> take pressure off companies as you see when they have ipo, suddenly out in open you can see how much money losing like with snap, it might, uber's case take a lot of pressure off them so they can try to turn the company ar

i looked up uber and alibaba and they are always trying to partner with us. data and i have 35 million names, for instance. how do you value us? that is something for us to start showing the market that they shouldn't just value us as an airline and the upside, we will transform from an airline to a tech company. that is my vision over the next 10 years, but still a profitable airline business. amazon is going back into brick and mortar. we are in the bricks and mortar bit, now we are going to the digital part. asia has 3 billion people. about talked to tim clark technology, his eyes light up. tony, thanks for spending time with us. .ony fernandes, ceo of airasia up next, surveillance. francine and tom keene will be joining you shortly. getting in the car, dab digital radio another option for listening to bloomberg. anna edwards and i will be taking you through the next hour. at this point in time, we are waiting for some steer for these european markets. have great interviews coming up. charles evans will join us tomorrow at 1:30 p.m. london time. looking fo

. ♪ emily: alibaba's vice-chairman is buying a big chunk of brooklyn's basketball team.buy russian billionaire. the bill would value the nets at $2.3 billion. he would have the right to buy the remaining stake of the team in 2021. the sale will not include the arena. the nets declined to comment on the story. forecastingr lower-than-expected revenue, baidu is asking investors for patients. shares fell as much as 10% due to the news. baidu appears to be suffering from self-imposed curbs. joining me now to discuss, selina wang. also with me, our guest post, roger mcnamee. behind us about what is the numbers and the future here. selina: forecasts missed their targets. they had the ad restrictions. the earnings came just days after the chinese party conference. the positive side is that this might just be a one-time problem. but overall, there's still political headwinds. they have a big content section which is up for stronger censorship restrictions overtime. tightenen xi gradually policy. emily: roger, what is your take on what we are seeing? roger: i'm curious about your

. —— alibaba.o the bricks and mortar market, and buying up shops is part of a new retail strategy, as an —— emma system found out. no one knows exactly how rita will look five yea rs exactly how rita will look five years from now. i have my own view that as company use data and technology, and use the given these we are building in many areas, it will look more and more seamless for a consumer to constantly be interacting with the product. —— retail will look. so, through the smart phone, the smart phone because more the foundation, as it is in china, and also in europe. people will find ways to say i have immediate access to see this product physically here, or locally, or accommodation of the two. to what extent is the rule book being ripped up extent is the rule book being ripped up and rewritten? you have this tremendous shift, now, from online retailers getting into bricks and mortar. how big shift is under way? it is very good news for retailers in the sense of the incredible technological ca

lot of japanese and chinese investors, aliba ba, you get a lot of japanese and chinese investors, alibabainto e—commerce in indonesia so hopefully they can include a bit of those financial technologies into the market. what do you think indonesia's growth level should be at given its democratic dividend and the population? for a market like indonesia you shouldn't have inflation at 4%, that tells me that consumer sentiment is weak and demand is low, inflation should be 596, demand is low, inflation should be 5%, you should have gdp around 6%. the central bank realises inflation is low and we are punching below our weight in true potential gdp. we need the engine up and running because otherwise this voter base will come back and haunt them if they can't getjobs. for them the stability of the rupee is important and inflation is important. inflation is low and the repeat is very stable. it doesn't have the confidence to reduce rates. indonesia's sluggish economy, speaking to karishma vaswani, our asia business correspondent. let's look at the markets and new record highs again on wall stree

china has baidu, alibaba, tencent, all with search engines.robably half a dozen other companies you search with. every day, there are new technologies that compete with us in search. competition is scorching. it is fierce and intense. and it it's a good thing makes us more constructive. emily: how would you characterize the health of the chinese economy, particularly the pile up of debt? do you see a big risk? >> overall, the chinese economy is very resilient. gdp.growth it's amazing. overall, i do not see a systematic risk. there might be things here or there that need to be fixed, but i'm very confident. i'm not an economist, but for i talkustry, the people with overall think it is healthy. emily: are you concerned about president trump cracking down on free trade and the relationship with china? >> that is really bad if that happens. [laughter] america benefits from openness with the talent flow. willorm of protectionism be bad for the u.s. and the world. emily: my exclusive interview with baidu president ya-qin zhang. that does it for this

alibaba, apple, and softbank are among the renters -- investors. am pleased to have jean liu at the table for the first time. welcome. jean: thank you for having me here. charlie: we have looked forward to this. you have set a very interesting thing. you said it is really a world-class dilemma how to move around 800 million urban chinese. how are you solving this dilemma? jean: yes, actually that is one of my biggest motivations joining this company three years ago. i'll give you a story. right after i joined didi, there was a coder coming to my office saying that i wanted to resign -- she wanted to resign. when i asked her why, she said because she got pregnant. i told her, you can still work here if you get pregnant. she said it was the commute that was hurting her, standing up for three hours, switching between buses and trains. there are 800 million chinese that ride 1.4 billion times every day. for us, when we narrow how many people have this much need, we basically design a product for them. the difference between us and a lot of other player

lauren: the government wants a piece of action from companies like alibaba. we will tell you why in just a day. boy scouts went to the grocery nightclub that they've gone too far this time around. bush any of the market is getting ready to open this thursday morning after another record high. dow futures down 22, nasdaq down five. we will be right back. ♪ st innovative campuses. or bringing wifi to 65,000 fans. businesses count on communication, and communication counts on centurylink. cheryl: welcome back. let's get you caught up on what's happening now. president trump at the cybersecurity expert to be his next homeland security. nominating deputy chief of staff, former homeland security official in the george w. bush administration. confirm schuyler place former secretary john kelly and the white house. china wants to rain and the growing power of private tech companies. "the wall street journal" "wall street journal" reported beijing is pushing companies like alibaba to sell a small share to the government to have a direct role of corporate decisions. the

they go to china first with alibaba to get that distribution deal.nd will be for college basketball. betty: will other college networks in the u.s. likely follow pac-12's lead? >> if there is money in it, and they will. chinese families are sending their children off to school in the united states. you look at the other networks. a lot of the big college networks or conferences have their own networks. you have big ten network which onpartly owned by fox directv. they are just in the u.s. and canada. the other networks are partly owned by espn, which is partially owned by disney. woulduld think that they start exploring a similar streaming theme. yvonne: coming up, more from tokyo. hope partyke's manifesto. a bold monetary policy. maybe we are continuing on this easing path. seeking an exit strategy. we will talk a lot about this extra strategy. betty: not with inflation at these record lows. it is interesting. bold monetary policy begs more details coming up from the hope party. reactioneen some muted that people expect shinzo abe will come out vict

you invested roughly $20 million in alibaba.the time it went public it was worth $90 billion. $20 million to $90 billion is a return of 500%. is now one of the most successful entrepreneurs in the world. what made you feel it was worth $20 million? masayoshi: he had no business plan and zero revenue. [laughter] employees, maybe 35, 40 employees. but his eyes were strong, shining. i could tell from the way he talked, the way he looked, he had charisma, leadership. his business model was wrong. ed, thethe way he talk way he could bring young chinese people. david: before your who was famous you made an investment in it that was successful. how did you hear about yahoo!? masayoshi: they had about 15 employees. we took $100 million of our investment. time, a group from 15 to 35 people. million to own0 35%. it went ipo and made a big turn. i convincedtime, him to start another company. putut $1.2 million, they $0.8 million. $2 million startup capital, we owned a 60%. david: let's talk about one big mistake you made overall. you have

actually moved recently to say we need to have a party member on the board of all these companies like alibaba because we need to make sure they're in line with the party. so the party in his version of political reform is restoring the party as the vanguard for the society in every realm. so not the demonstrate awkization we would imagine. >> we conclude with zac brown, the front man of the zac brown band. >> he was alive ♪ i was defiant ♪ when he made me walk the line. >> mike allen, graham allison and zac brown when we continue. >> rose: funding for "charlie rose" has been provided by the following: >> and by bloomberg, a provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> we begin with politics and we are join by mike allen co-founder of, yes and editor of the axios am newsletter. great to see you. >> great to be at your table, charlie. >> rose: great to see you in new york. let me begin with general kelly. i thought that was a very very emotional moment. >> not just external

just ask alibaba. ♪ ♪ >> a historic victory for chancellor merkel winning a fourth term.akdown and how the parties won different parts of the vote. yvonne: there are about 30,000 functions on the bloomberg, and we always enjoy showing you our favorites on bloomberg television. maybe they will become yours. here is another function you will find useful. quic , going to will lead you to our quick takes, where you can get important context and fast insight into important topics. here is a quick take from this week. >> opec has functioned as the textbook cartel. the 14 members of the organization of petroleum exporting countries produce 40% of the oil used every day, giving the group strong influence over oil prices and the global economy. like a champion boxer who has dominated the ring for decades. thans more than -- in more half a century of existence opec , has fought challenges from new technology and competition from petroleum discoveries outside of the members' domains. but the group is against the ropes now as the u.s. produces shale supplies of frack oil and the

better than about 1% apple hanging in there up about half a percent, but these are names, especially alibaba, certainly not dependent on the u.s. consumer. certainly, global plays. oracle trying to push its cloud globally across the entire cloud portfolio applicationswise they are not in this segment of earnings season, they are a bit offcycle, but certainly one of the names that investors are excited about this morning >> thursday is the big evening for google, amazon, intel, microsoft, expedia, and that's got to be fun. >> it's worth mentioning we have an ecb meeting this week, first look at the third quarter gdp friday yields rising, that's propelled financials to the top of the s&p right now. the dollar has started to pick up steam, so you are getting this sort of stronger u.s. growth trade, despite some of the noise in washington over the back and forths on tax reform, you are getting a picture of strength today in these markets. >> let's talk more tech this morning, another executive departure at amazon's content division for that, julia boorstin at hq today. julia? >> it's been a few

they've got to compete with the big shegest and baddest with amn and some day with alibaba as well there will be competition, no doubt about it these names, when you look at the cash position, we're they're growing, if they continue to grow going into the future, those are buys on any dip. >> if if you look at them, mcdonald's is trading 15.5 ebd right now. you look at the and say it's barely trading at a premium, that's a room to grow there. from a valuation perspective, it's not out of whack. if the market takes a downturn, that's a jewel in the sector >> it's the "d" word that pete doesn't want to use, defensive people are willing to blindly throw it at shack, blindly throw it at chipotle mcdonald's is showing they have multiple levers to pull in this environment. global growth is moving. germany just one from 1.5 to 2% gdp this quarter if you look at the third quarter in this country, we were probably around 4% we've got wages back to 2009, we saw that in the last jobs number it's a consumption story that's working. there's a global backdrop for it >> getting in front of valuation at

stocks to watch today, alibaba making a $15 billion investment in research and development.ompany plans to launch eight centers in china, israel, russia, singapore and the u.s. researchers will work on ai, quantum computing and fintech. >>> shares of kobe steel falling nearly 18% in japan. a unit of the company was found to be falsifying data. kobe steel admitted it false records to show aluminum and copper products met customer specifications down 18% didn't stop the nikkei crossing over the pre-asian financial crisis high, a why not seen since december 1996. >>> shares of china's great wall motor rising 15% in hong kong. reuters reporting bmw is exploring a joint venture with the company and may open an assembly plant in eastern china. >>> philips will suspend manufacturing some defibrillators in the u.s. following criticism from regulators the company says it will continue making others under heightened scrutiny. philips expects to take a $23 million hit to earnings as a result >>> shares of barracuda slumping the cloud computing company's earnings matched forecast but th

dagen: breaking news to bring you espn reporting alibaba cofounder has reached agreement in principleynn mets worth 1.8 billion dollars by latest valuation according to forbes magazine. >> now the nets -- there you go i will storm you got to games, where can you find value in this market maria bartiromo sat down with softbank adviser ceo in riyadh saudi arabia asked him just that. maria: you are 100-billion-dollar vision fund is dominating conversations cross the world congratulations. >> thank you. >> on the performance as well. tell us how you are allocating capital where are growth opportunities in the world today? >> group tounts are everywhere but concentrating with entrepreneurial equal system existences two locations china and u.s. if you look at our funds, and we have two pools of capital in softbank the vision fund a hundred billion, makes a lot of technology and investment we have sprint, mobile, we have 28% stake in alibaba, also has grown in value so there are two pools of capital. but half investments are going into u.s. 50 odd billion, a lafrng chunk in china large popul

you invested roughly $20 million in alibaba.the time it went public it was worth roughly $90 billion. so $20 million to $90 billion is a return of 4500%. jack ma is a very distinguished individual, and now one of the most successful entrepreneurs in the world. what made you feel it was worth $20 million? masayoshi: he had no business plan and zero revenue. masayoshi: employees, maybe 35, 40 employees. but his eyes were strong, shining. i could tell from the way he talked, the way he looked, he has a charisma, a leadership. but his business model was wrong. it was the way he talked, the way he can bring young chinese people to follow him. david: before yahoo! was so famous, you made an investment in it that was very successful. how did you hear about yahoo!? masayoshi: it was private. they had about 15 employees. i convince them to take $100 million dollars investment. at the time, they grew from 15 to 35 people. we invested $100 million to own 35%. and then they had their ipo and made a great return. at the same time, i convince

there is a dirt lot on the street between alibaba and mentally road. road. mandalay there are approximately 150 vehicles there. those cars can now be picked up by meeting officers on the cobalt.f reno and we will have officers permanently stationed there to as gort you to your vehicle. we ask those who have patiently waited to get their vehicles back to meet our officers and bring your identification so we can match you back to your vehicle. the sheriff and the previous press conference with us they number of questions by you. i understand the insatiable appetite of the media, you want some answers. i am going to try to answer a couple questions you asked what i am also going to just make it very clear i need some patience from you. this investigation is a long time from being concluded. we recently went down to mandalay bay, i can tell you we are days away from processing that room. we are getting very close to the completion of processing the site. we have a significant time left there as well, however the southbound portion of las vegas boulevard is now c