alibaba says u.s.e to sell on e-platform.e alibaba cells to 10 million companies around the world, one third of them in america, but until now u.s. companies could ynly by from the site -- bu from the site. >> today is a great day for u.s. small businesses. manufacturers and wholesalers can join alibaba.com to sell to the world. the platform is open to enable those businesses to reach the 190 countries where we have 10 million businesses on the platform. >> how big do you estimated to be? >> $23.9 trillion. six times larger than the b to c market. >> i didn't realize that. b to b is larger than b to c. >> alibaba is the largest b to b market. we built tools for is new system market to customers and reach deep into the globe so they can sell their goods. >> besides being on bloomberg, how do i know that if i am a u.s. company, that i can sell on alibaba? >> one third of the demand, the buyers on alibaba are here in the u.s. so those folks we have done business with since jack founded the company, you ha

alibaba is a possible $10 billion listing.enior research analyst at icbc international research. is this alibaba ipo going to be to hong kong? the market does not have the confirmation on this. alibaba, a majority of its income comes from domestic markets. investors chinese have little access to the u.s. capitol market. true,s listing comes alibaba can get closer to its domestic investors and they have about -- more diversified shareholder structure. believe that, we it's a good thing for the company. mainland china investors can potentially participate in this stock trading. paul: what is a reasonable fundraising target to expect for that hong kong ipo? it was reported $10 billion last month. what is your expectation? they haven't confirmed this, and there is a potential listing on the hong kong markets, but we believe the more capital the company has, they have more flexibility in the with investment and acquisitions. a capital raising, we ,elieve a company will focus first one is couple entry to the business strategy to sol

alibaba is often referred to as china's amazon, but it's even bigger. >> comparing amazon to alibabaparing a ford to a ferrari. >> even though its growth slowed a bit after president trump's trade tariffs, alibaba is still a commercial powerhouse. what started out as an e-commerce site is now one-stop shopping with a payment system, alipay, instant messages. it even provides loans. 500 million people use alibaba's apps every month, making its founder, jack ma, china's richest man. ma's latest addition to the alibaba universe is aimed directly at its data-driven customers. >> lettuce, it has on qr code. you take your phone, you can scan. you can see when it was delivered to the store, you can see the temperature. that's for every single item in here? that is a lot of work. it's really quite amazing. if you can't wait to get your food home and want to eat it in the store, technology is here to help. from picking out your food to choosing your sauce and of course it comes out served by robots. >> oh, it opens up for you? this kind of reminds me a little bit of america circa 1950. obviou

hong kong stock exchange and the future 8 for 1 split, what are your long and short term views on alibaba? >> the large's company that trades is a chinese company alibaba and happens to be the only chinese company i'm recommending because when you look at financials, it looks like an american company you seem like a smart fellow but the belichick thing leaves me cold my take is you should buy alibaba. this is it trump has mastered the art of taunting, 15 yards which isn't much of an economic policy but good in football. it does indicate more tariffs could be coming. let's hope chair powell takes us on the straight and narrow on "mad money" tonight, it's summer on the street i'm coming to you straight from the new york stock exchange and is brown and musk, yeah, the elon musk of meat. i'll tell you how the ceo is a visionary despite today eavesdrop and i'm tahanking my president and i'll talk about the action just ahead so stay with cramer. >> announce >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an email

alibaba's head of north america b2b john caplan explains what it means. is a great day for u.s. small businesses. manufacturers and wholesalers conjoint alibaba.com today to sell to the world. the platform is open to enable those businesses reach 190 countries, four corners of the globe where we have 4 million business buyers. >> how big is the business expected to be? john: $23.9 trillion. it is six times larger than the b2c market. >> i did not realize that. b2b is many times larger than the b2x. john: it is the largest b2b marketplace on the planet. we have built simple to use tools for small businesses to have a global storefront, to market to customers and then to reach deep into the globe so they can sell their goods. >> besides being right here on bloomberg. how do i know that if i am a u.s. company that i can now sell into alibaba.com? john: one third of the demand, the buyers on alibaba are here in the u.s.. those folks, we have been doing business with for 20 years since jack founded the company. now we are saying you have been sourcing on the p

alix steel and david westin sat down with alibaba's north america vp to discuss. is a great day for u.s. small businesses. manufacturers and wholesalers can join alibaba.com today to sell to the world. the platform is open to enable those businesses to reach the 190 countries, four corners of the globe where we have 10 million business buyers on the platform. david: how big is that business in the u.s. going to be? john: $23.9 trillion. it is six times larger than the b to c market. david: i did not realize that. it is many times larger than b to c. john: alibaba.com is the largest b to c market on the planet. we have tools for global businesses to have a storefront, market to customers and reach deep into the globe to sell their goods. david: despite being hurt on bloomberg, how do i know that that i can now sell onto alibaba.com? john: today is the big announcement, but one third of the demand are here in the u.s. those folks we have been doing business with for 20 years since jack founded the company. we are telling them you have been sourcing on the platform,

. ♪ emily: alibaba has announced it will allow u.s. merchants to sell on alibaba.com.se e-commerce giant sells to 10 million companies around the world, one third in the u.s. previously, u.s. companies can only buy items. the initiative could generate new income and goodwill for alibaba in the united states as trade tensions with china continue. alix steel and david westin sat down with john caplan, the head of alibaba's north america b2b, to discuss. john: today is a great day for u.s. small businesses. manufacturers and wholesalers can join alibaba.com today to sell to the world. the platform is open to enable those businesses to reach the 190 countries, four corners of the globe where we have 10 million business buyers on the platform. david: how big is that business in the u.s. going to be? john: $23.9 trillion. it is six times larger than the b2c market. david: i did not realize that. b2b is many times larger than b2c. john: alibaba.com is the largest b2c market on the planet. what we have built our simple to use tools for small businesses to have a global storefr

let's turn now to alibaba.libaba grew from a small startup in jack ma's apartment to one of the largest companies in the world. it started on business-to-business sales, giving chinese companies access to sell their products to the world. millions --ervices alibaba now services millions around the world, including in the united states. here to announce a change is john kaplan, head of alibaba north america. thank you for being here. what is it you are doing today? guest: today is a great day for u.s. small businesses, manufacturers, and wholesalers that can join alibaba.com today to sell to the world. the platform is now open to enable those businesses to reach 190 countries around the globe, where we have 10 million business buyers on the platform. david: how big you estimate that business to be? is $23.9 trillion. david: i did not realize that. b2b is many times larger than the b2c. alibaba is the biggest b2b marketplace on the planet. have a global storefront to market to customers, and to reach deep into th

already been stored stream processing is a big new thing so it's no surprise that chinese conglomerate alibaba snapped up dozens for an estimated $90000000.00 euros earlier this year that's great for the startup founders but is it good for society who are here legally and this poses a risk to the data could be compiled on unaligned in such a way that for instance human behavior becomes more predictable and transparent. and that should end up limiting individual freedom to the media if i have as i mentioned i'm good friends felt honestly that i am pretty generous when it comes to my personal data if i look into a service and like it i'm willing to pay for it with my data but maybe the prize really is too high is trading your personal data for free apps or services a fair exchange all will big data turn into a surveillance nightmare what do you think join the discussion on facebook on the w dot com goodbye until next time. the eco rebels of the himalayas. see come a state in northeastern india to switch entirely to sustainable agriculture. how did they pull it off. and what could german farmers

several of the exhibitors here including tech giant alibaba and now working with the state to write the algorithms that will calculate your social credit score they've already got the know how and they use a dollars from their financial credit system alley pat a manager of changing is chunk. here you don't want to might you once a person has a school all their credit behavior in life is recorded and can be value which by that number if you are goal is to ensure that if people keep their promises then they can go anywhere in the world and if they break their promises they won't be able to move an inch. busy sounds dramatic but it's the party line. pilot programs for a national social credit system are already on the way by 2020 the official outlined budgets it will allow the trust would be to run freely under heaven while making it hard for the discredited to take a single step. but otoh more time and time china can make such great achievements very quickly which i'm very proud of and. while he returned to the development of big data and other digital technologies it's getting more and m

already been stored stream processing is a big new thing so it's no surprise that chinese complement alibaba snapped up their business for an estimated 90000000 euros earlier this year that's great for the start of founders but is it good for society who are here legally and this poses a risk to the data could be compiled on unaligned to such a way that for instance human behavior becomes more predictable and transparent. and that could end up limiting individual freedom if i had as i mentioned i suppose honestly i'm pretty generous when it comes to my personal data if i look into a service and like it i'm willing to pay for it with my data but maybe the prize really is too high is trading your personal data for free apps or services a fair exchange or will big data turn into a surveillance nightmare what do you think join the discussion on facebook on the w dot com goodbye until next time. where i come from we have to fight for a free press i was born and raised in a military dictatorship but just want to shout out and a few newspapers with official information as a journalist i have work o

does this put a damper on any sort of optimism surrounding alibaba?ld be people sector, a lot of are still hoping to get a finger on the alibaba pie, the u.s. market for alibaba looked bigger, and a lot of chinese investors -- this homegrown company. >> thank you. our bloomberg m&a reporter. we are also counting down to the opening of the session in india, less than an hour away. let's bring in our reporter, standing by in mumbai. out thequities close week with losses of first-quarter earnings, failing to excite the markets. what's up for today? >> will, as you move into this week, it is going to be more earnings that will take center stage in the larger earnings that will start getting reported. aside from that, the set is such that you have a maximum amount of concentration which could be the near-term hurdle. if they manage to go past 11,600, that could be a target one could aim toward. aside from that, we have been strong and also the focus is going to remain -- we have the aa numbers that came out, and focus on what we do with regard to interest

already been stored stream processing is a big new thing so it's no surprise that chinese conglomerate alibaba snapped up designs for an estimated 90000000 euros earlier this year that's great for the start of founders but is it good for society. with feeling that this poses a risk the data could be compiled on unaligned in such a way that for instance human behavior becomes more predictable and transparent. and that could end up limiting individual freedom if i had designs and i suppose honestly i'm pretty generous when it comes to my personal data if i look into a service and like it i'm willing to pay for it with my data but.

they are trying to have alibaba in hong kong now.ow, a lot of support from top officials in the chinese government. ony have relaxed rules valuations, price limits for the first day of trading. not to mention that they are very open to small companies and it is the only one where they are not yet making a profit. >> what are the pretense of -- the potential challenges? shery: becoming the next ch inex. from still about 60% down its peak. caroline: so we don't want to be hearing that cautionary tale again. don't miss daybreak australia and daybreak: asia at 6:00 p.m. eastern. the new u.k. prime minister announced tomorrow with boris johnson and jeremy hunt vying for the top job. >> ubs announcing second-quarter earnings. interesting to see if they will announce any cutbacks. >> in the u.s., texas instruments, visa, snap, chipotle all announcing gains. --uber technology is up next bloomberg technology is up next. this is bloomberg. ♪ ♪ emily: i'm emily chang in san francisco and this is "bloomberg technology." tech giants visit the whi

chinese e—commerce giant alibaba has opened its doors to us sellers on its oldest platform, alibaba.comto sell on the business—to—business platform in the us and around the world. the move will allow alibaba, traditionally china—focused, to compete with global e—commerce giants like amazon. the white house has signalled that face—to—face trade negotiations with china are set to restart. donald trump's economic adviser larry kudlow welcomed a report that trade representative robert lighthizer is scheduled to travel to shanghai. mr lighthizer‘s office has yet to comment on the report. the us has announced an investigation into leading online platforms, examining whether they are unfairly restricting competition. the justice department didn't name any companies, but facebook, google, amazon and apple are likely to be scrutinised in the wide—ranging probe. it marks the latest scrutiny of the tech giants' power over the american economy. the international monetary fund has cut its growth forecasts for the global economy for this year and next. it predicts growth of 3.2% in 2019, and 3.5 % in

our financial correspondent joins us now from wall street yes so alibaba taking on amazon going head to head with on what chance does i have here. well i mean overall ali baba already has some experience in the us and the market to be so business the business market is huge it's estimated to serve this year a trillion dollars so there was quite some potential and if i understand correctly ali baba is going a bit of a different way than amazon so that specially small american companies are going to keep the customer relationships and old saw the data so that is something that has not been offering that easily in the past so yes there is a certain chance for ali baba to get a piece of there's a huge market some new opportunities there then but timing is obviously clearly an issue what impact would the u.s. china trade war have on those plans to push further into the u.s. . timing certainly could be better in regards to the trade tensions between china and chinese companies and the u.s. on the other side understanding of amazon there with the current administration and washington also c

already been stored stream processing is a big new thing so it's no surprise that chinese conglomerate alibaba snapped up dozens for an estimated 90000000 euros earlier this year that's great for the startup founders but is it good for society. when healing. poses a risk the data could be compiled on unaligned in such a way that for instance human behavior becomes more predictable and transparent. and that could end up limiting individual freedom if i had as i listen i consult on is that i'm pretty generous when it comes to my personal data if i look into a service and like it i'm willing to pay for it with my data but maybe the prize really is too high as trading your personal data for free apps or services a fair exchange all will big data turn into a surveillance nightmare what do you think join the discussion on facebook on the w dot com goodbye until next time. rise and shine time to cast off luke us is taking an outing welcome to my hamburg summer tour always pretty close to the water and there's plenty of it in this city. next d.w. . stronach burley the global tourist guide introduced t

the same time hong kong still has great transparency there's a couple of big chinese companies like alibaba which is supposed to be doing a 2nd this thing there. to see whether that actually takes place and if hong kong continues to thrive i think overall hong kong is still still the place to be for asian investment for a lot of investors but this new shanghai exchange is definitely a game changer flip thank you. germany's economy minister peter says the e.u. is prepared to scrap its tariffs on cost from the u.s. to avoid extra levies on its own exports president trump has repeatedly claimed the trade relationship between when america was unfairly skewed there's currently a 2.5 percent target on european cars imported into the u.s. the e.u. slaps a 10 percent levy on small american talks the white house's considering raising charges and would be to 25 percent something germany is particularly keen to avoid . norway is a rich country it has a trillion dollars in the bag so to say that money was made from the country's vast oil reserves and norway's sovereign wealth fund has become $1.00 of t

already been stored stream processing is a big new thing so it's no surprise that chinese conglomerate alibaba snapped up dozens for an estimated $90000000.00 euros earlier this year that's great for the start of founders but is it good for society when healing that poses a risk to the data could be compiled on unaligned to such a way that for instance human behavior becomes more predictable and transparent. another ship end up limiting individual freedom with the if i had this i'm certain kinds falls on us that i'm pretty generous when it comes to my personal data if i look into a service and like it i'm willing to pay for it with my data but maybe the prize really is too high as trading your personal data for free apps or services a fair exchange all will big data turn into a surveillance nightmare what do you think join the discussion on facebook on the w dot com goodbye until next time. in good shape. a rosy complection of luck. the makeup industry constantly learns women neutralises. many use it every day. to dream not can also become a nightmare. when can cosmetics be harmful. good chang

alibaba, joining big corporations creating alternatives to hardware.e: movers today, close to the lunch break and japan. korea watching stocks in -- tourism stocks in korea. there are schools in south korea that have canceled trips to japan. perhaps fallout from the south korea and japan trade spat. the likes of korean data -- asiana downown 2%, 3.5. as we get closer to the decision whether to remove south korea from the white list. movers, we areo watching earnings. ginseng malaysia has been up for most of the session, reaching an agreement with disney at fox. some relief for investors. tsmc, down 1%. one of the biggest drops in the asian region but the chip stock had a significant run with earnings by texas instruments. tsmc talking about lifting the capex. 10%,lifting the mood, up the most since 2014 on the earnings beat. this is bloomberg. ♪ paul: 10:29 a.m. in hong kong, 12:29 in sydney. time paul allen. the european central bank has centered strongest signal that stimulus will be stepped up with lower interest rates and renewed asset purchases on

alibaba to new york or hong kong.lked with someone who is worked with many of china's top tech startups. >> i think it is expected given the expectations, limited supply. i'm not terribly surprised by the first-day performance. but i think that is the beauty of a new market. it's going to take some time to settle down. we see more supply of companies in the pipeline. i think the new market having enthusiasm is not bad. longer-term, the investor -- >> this isn't the first time china has tried to create an alternate venue with looser regulations. we had the boom and bust of china-x.what is different this time ? >> it is all about disclosures in the end. that is the process for us, represent chinese tech companies. interesting change. >> there has been some concern about the quality of names is listed. with the company that -- with the country that has the most unicorns outside of the united states, not a lot of well-known names. >> in terms of the first batch of companies, a lot of them are there not necessarily because

already been stored stream processing is a big new thing so it's no surprise that chinese conglomerate alibaba snapped up dozens for an estimated $90000000.00 euros earlier this year that's great for the start of founders but is it good for society when healing that poses a risk the data could be compiled on unaligned in such a way that for instance human behavior becomes more predictable and transparent life. and that should end up limiting individual freedom to the media if i had as i insulin i consult honestly i'm pretty generous when it comes to my personal data if i look into a service and like it i'm willing to pay for it with my data but maybe the prize really is too high is trading your personal data for free apps or services a fair exchange all will big data turn into a surveillance nightmare what do you think join the discussion on facebook on d w dot com goodbye until next time. what secrets lie behind these. find in any mercy of experience and experience fascinating and cultural heritage sites. d w world heritage 360 you see. the world population is increasing the climate is changi

because in asia, you have competition from the likes of alibaba and its singles day. from amazon will stack up to singles day? singles day is larger than prime day. last year prime day $4 billion in two days and singles day in one day did $30 billion, so it's a massive event. the only difference is prime day is all about amazon. how important our asian consumers to amazon? amazon continues to be a u.s.—based amazon? amazon continues to be a us. —based company and amazon? amazon continues to be a u.s.—based company and a lot of their revenues still originate from their revenues still originate from the us. they are getting more global but they just pulled the us. they are getting more global but theyjust pulled back the us. they are getting more global but they just pulled back from china, the second—biggest market in the world. not as important as the us but ethnically growing. bao vu on amazon's prime day performance. 50 yea rs performance. 50 years ago, the apollo 11 moon landing marked a defining moment in human history and since then businesses have been looking f

the software maker will use alibaba's cloud to sell its products. francisco-based company wants to double revenue by 2023. to recap our two big earnings stories, alphabet and amazon on opposite ends of the spectrum. amazon missed estimates, did not stop there. it saw the same reflected in its third-quarter guidance. it was a different story, however, for google as shares surged as revenue beat estimates. alphabet's ceo explained what revenues look like in this coming quarter. >> other income and expense was $3 billion, reflecting sizable gains, which are primarily unrealized from investment they back g, gz, and more broadly alphabet. we provide more guidance in our press release. emily: big tech for the week. that does it for this edition of "bloomberg technology. this is bloomberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i

taking stock of of the new tech board aims to persuade the next tencent or alibaba to list at home in hong kong. engle ini am stephen tokyo. shinzo abe wins the upper house vote but failed to secure a super majority. we will have results and reaction. kathleen: market action into asian trading, we have to take a look at u.s. trading first. the stock market was on its way to a modest gain, mixed results on earnings reports, microsoft with a great report, netflix not so great looking over the course of the week. friday it was news late in the day iran's revolutionary guard seized a british oil tanker in the strait of hormuz. as you can see at the close we had the dow jones down a quarter-point, 68 point decline. at .75 percent loss. it is just after 6:00 in the u.s., so futures are looking to decline on the s&p 500. also wondering about the fed friday, the president of the st. louis fed repeated he is in favor of a 25 basis point cut a day after john williams seemed to be saying he was on board for a 50 basis point cut. new york had to clarify he wasn't talking about the present time. t

you saw alibaba take a lifting in hong kong as a kind of protective measure in case the trade war getsut of hand. the chinese financial markets in shanghai are not quite ready to have the sort of deep capital markets that a company like alibaba needs. the trade war actually forces xi to tread more carefully than he might. marc, thank you so much for that. coming up, global manufacturing data could put a damper on trade ce-fueled optimism. we get a read across the markets, coming up next. this is bloomberg. ♪ this is bloomberg. ♪ shery: this is "bloomberg markets." i'm shery ahn. treasuries are retreating as today's ism 90 fracturing data shows less of a decline. however, the drop is a lowest since october 2016, all this as a trade war truce between the u.s. and china sees the two economic superpowers agreed to resume negotiations on trade disputes. head ofus now is the u.s. rate strategy at vmo capital markets. always great to have you with us. a lot of risk on moves after the g20, the unprecedented handshake at the dmz, a lot of optimism out of the weekend. we saw treasuries yielding

people like amazon and alibaba are changing the game and setting a new hurdle on those dimensions >> how much has the tech structure contributed to that, in the sense that anyone with an online presence has not been taxed the way bricks and mortar businesses have been taxed you have rental expenses, et cetera now it's part of the mainstream nature to look at where these companies are getting taxed. there's not been a firm commitment on a global scale to tackle this. do you think that there is a valid point in that the taxation system has allowed those big e-commerce retailers to expense at the benefit of the bricks and mortar companies >> for sure it's a real issue. it's a complex issue it needs to be examined closely. you have to ensure there's a level playing field for the retailers trying to compete. the thing they're doing very differently that is really causing the other retailers to struggle is the sheer quantum of investment they're making behind innovation, digital and technology and things i mentioned before >> if you spend billions on data analytics and technology, how do y

shanghai's new tech board debuts after the next tencent or alibaba to go at home, not up -- not abroad kong street protests take a new turn. demonstrators target political headquarters in the city. i'm stephen engle in tokyo. shinzo abe wins the upper house. there is no super majority. we will have the results and the reaction. kathleen: there's a lot to look at the action. we have fed confusion, what is ringing through hardest in asia right now? sophie: taking a look at earnings, in focus, kicking off a big week for japan. 200 companies are to report. we have the nikkei and topics under traffic -- under pressure. the yen, nudging lower in the wake of shinzo abe's election victory. the yen, 108. they expect trade talks with the u.s. gdb traders will look to the boj fund for cues as well. flipping the board to check on mood and south korea, the kospi off 2/10 of 1% after capping a second loss on friday. headwinds gathering for companies in the economy which prompted them to cut rates. we will get more insight to earnings. he and a today. switching it up to sydney, checking in on the ass

the so-called star market is china's attempt to avoid using the next alibaba exchanges -- alibaba exchanges newtch company introduced products to rekindle growth at its consumer health division. it also upgraded hospital equipment with smart technology. the private bank julius baer group reported the lowest inflows in seven years. to the outgoing ceo with plenty to fix it he spoke with bloomberg. >> this long-term succession planning was very much involved with the long-term succession planning and the board has nominated a strong candidate to take over for me. i last -- i worked the last 14 i am sure he will handle julius barr in great shape. hodler helps clean up julius baer with a scandal. tom: brian levitt joins us. as we try to reconnoiter around all the opinions out there on being in the market. he is an investor of global anket strategist -- he is investor global market strategist with america. is there a new allocation we need to know about? >> i think the overarching story in these markets continue. this is a slow growth, benign inflation world where policy is accommodated in most

>> that's the idea you've seen alibaba and some of the big chinese names list in the u.s., jd.com, buy due, so they're trying to attract those listings i think the key which could make a difference than their previous attempt, i think they're still a long way off that. alibaba is looking at hong kong, not mainland china. >> that was a way for western investors to get in on those companies. as i understand it, it's not like american investors are going to be blocking because they can't yet to this exchange, is that correct? >> thatexactly right. >> the chinese investors, they don't have access to the same financial instruments as we do in the u.s., so the financial systems are still being developed and evolving that's why you see so much speculation in what they can do. >> we'll see if this thing sticks around or if it ends up being another failed experiment. >> we'll move on to stitch fix, keep rates in the men's business have improved every quarter since the category was launched. this comes on the heels of lululemon signing a deal with former eagles qb, nick foles, and sacks 5th aven

. >> a quick one for both of you guys i noticed that you both hold alibaba and that stock is up nearly 30% year-to-date. dan, why don't we just go to you. do you hold on to this stock how is it or isn't it potentially affected by trade talks between china and the u.s. >> well, that's an issue for alibaba, no doubt. i think the real core reason that we hold the stock is because of their strength that they had on the last quarter in terms of their ali cloud business they are making some small inroads in the u.s. but are making some bigger inroads over in china in terms of being more of a player against an aws or an azor in that space so i think, as you mentioned, you know, the trifts aariffs ano that and how it affected, obviously, is something to be concerned about. but the reason we're holding the stock is off a ali cloud and some of the inroads they've made in that space. >> all right denny, dan, good conversation. we covered a lot of ground see you guys soon. >> thanks, carl. >> thank you >> sorry, guys >>> a big show still ahead bradley tusk joins us with his take on all the regulat

alibaba has developed its first ever artificial intelligence chips, delving deeper into semiconductorson target china's tech industry. it was based on an open source design which competes with the global standard. shery: a french luxury group is seeing sales growth slow after three years of breakneck gains. it rose 12.7% in the second quarter compared with forecast of 14.5%. malaysia restarted work on the east coast rail project after cutting building costs by one third to lighten the government that burden. betweenk has a tie up malaysia rail link and china to medications construction and it was canceled a year ago by the malaysian prime minister after he balked at the cost. shery: market opens at the top of the hour. sophie, what are you watching? sophie: futures are pointing lower with some gloom defending as we get more signals that the global economy is not doing too hot,m including -- including the slump. ahead of that, the seeing dollar in -- the dollar in focus. from the rbaments governor. traders assess if draghi was dovish enough. the turkish lira giving back some gains after

for hong kong, that highly anticipated alibaba are -- alibaba ipo will be more closely watched. paul: still to come, facebook reaches the $5 billion deal to resolve the cambridge analytical data scandal. will that is the scrutiny of regulars and privacy groups? shery: asian stocks are striking a cautious tone at the start of the week after u.s. equities closed friday at a record for second straight day. this is bloomberg. ♪ r second straight day. this is bloomberg. ♪ >> the entire market rally has been about discounting with the central banks are doing. >> is a fed reacting to a downshift in sentiment. >> the one thing that hasn't rallied is long dated bond prices. >> the ecb remains darvish. >> we did see a reversal some of the weakness. had -- better data recently. >> a pretty positive environment for yields. shery:shery: some of our earlier gas. some of our earlier guests. let's bring in pacific life insurance director of asset allocation max gokhman , overseeing $40 billion in assets. great to have you with us. how much is already priced in? max: i would say it is overpriced

aws will be first and preferred forev for us, we want every customer that has vmware, azure, alibaba,oogle, aws, all embraced vmware >> that answers the second question, too dependent on amazon, clearly not and we don't mind having a great relationship with amazon. red hat merged with ibm last week i was concerned about the impact on vmware. they were actually surprisingly quite positive about vmware because red hat seems to like you. >> listen, ibm is a great partner of vmware. we love their services business. ibm cloud has 2,000 plus customers so we're going to partner really well with the team we compete with a small part of red hat's business in containers but 80% of red hat's business is l linux, open chat, shift and j boss is not doing well but the future of containers is a small part of the business we can walk and chew gum we can partner with ibm and compete with the small part of red hat. we want a big tent in vmware, compete with as few people as possible >> i love that, you are a man of your word. where are we with chai that? do i ha china you can tell me jim, things are no

deal in that a lot of these innovations are .nprofitable companies this is a bid to get the next alibaba or tencent to list at home, not to go to new york or hong kong. it also gives the mystic investors a chance to experience the success of their homegrown technology giants. the issue has not been a lack of technology companies in china to list. what has been missing before is to have a market with the regulatory structure that it will allow companies with a financiald different profile to list. >> thanks very much for the update. selina wang joining us there. let's get a bloomberg business flash. >> a bridgewater associates flagship has lost 4.9% in the first half of the year according to the financial times. it is one of the fund's worst performances in two decades. global stocks and bonds markets rebounded on hopes of looser monetary policy. shares of asahi falling the most in more than a year after the an 11maker unveiled billion dollar deal to buy a be and in that australian inbevions -- ab and australian operations. signaledlators have they are on the verge of approving the merger

star market is china's latest attempt to avoid losing the next alibaba or tencent to exchanges in new york or hong kong. shinzo abe has claimed victory in yesterday's upper house election. his block is short of the super majority needed to push through revisions to the pacifist constitution. he is on course to be japan's longest serving prime minister in november. global news, 24 hours a day, on air and @tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. i am debra mao. this is bloomberg. nejra. nejra: debra mao in hong kong, thank you so much. phillips maintained its overall margin views.nd the groups comparable sales rose 6.1%, comfortably beating estimates. the group considers acquisitions to help bolster a push into medical monitoring devices. ceo said the ongoing tensions between the u.s. and china are expected to cost the country 45 million euros in profit this year. ,oining us from amsterdam the ceo. welcome to the show. thank you for joining us. would we get an up date first on and you are setting aside what you are expecting from

how about alibaba?small businesses here in the states to sell globally on their platform, a chinese platform. alibaba, i own some of the stock, it's up a buck at $175. >>> ford on your screens, yeah, there. okay. you are going to see it any minute. ford's new electric, electric f-150, it's pulling ten double-decker rail cars, about 1,000 feet. didn't see it very well there but the electric f-150 is pulling those rail cars. lauren: a million pounds. stuart: a million pounds of rail car. look, i think -- i just don't see the electric thing taking off. do you? >> i don't think especially for the consumer of the f-150, i don't know if the electric really speaks to them. stuart: i'm not buying an electric f-150. it's the whole thing. electric cars are supposed to be oh, they're coming, they're coming, everybody's got to get one. >> it's inevitable path but we don't nearly have the infrastructure yet to have this electric vehicle revolution. the 2020s are going to be the decade of hybrid cars. it used to be y

several of the exhibit is here including tech giant alibaba and now working with the state to write the algorithms that will calculate your social credit school if already got the know how and they use a dollar from their financial credit system alley pat a manager of alli petain jing is chong. here you tell you about tonight you once a person has a school all their credit behavior in life is recorded and can be value which by that number. our goal is to ensure that if people keep their promises they can go anywhere in the world and if they break their promises they won't be able to move in it which. sounds dramatic but it's the party line. pilot programs for a national social credit system are already on the way by 2020 the official outlined boasts it will allow the tri. would be to run freely under heaven while making it hard for the discredited to take a single step. toward your goal more drugs and china can make such great achievements very quickly which i'm very proud of it. while a good job so the development of big data and other digital technology is that it's getting more and m

it is seen as key to keeping the next alibaba from choosing new york or hong kong to go public. 25 signs tech companies will be the first to list there. in the u k, regulators are looking into amazon's bid to buy a stake in the fast-growing delivery service deliveroo. they believe the two companies have either cease to be separate businesses or will merge soon. that means amazon will not be able to close the deal for now. putay, amazon said it would $507 million in deliveroo. spurnede bond investors by credit derivatives at the end of last year are increasingly willing to test out alternative ways to cut their risk. here to explain why they are looking into that is our credit reporter. set you up nicely. no longer credit derivatives? >> a big problem right now is in you are looking at a credit investor, these derivatives are not matching the airport only does. that can create a lot of issues especially when you think back to late 2018, we had that blowup at the end of the year and those derivatives or not effective hedges. a lot of investors are looking for alternatives. maybe looking fo

they have alibaba and tencent.his is because they say you should be listing here. alix: similar in the u.s.. you have the big names leave the indices higher. is that a good thing for the future or will wind up hurting them? david: increasingly concentrated big names. alix: we do have heavy hitters like facebook, amazon, alphabet, twitter all reporting. still with this is michael antonelli of baird. james, is this a netflix thing or microsoft thing? saw what happened with netflix and all of these stocks have run backup to where they were and in some cases higher. from a risk award standpoint you do have facebook on the positive side because there should not be any anomalies in the optionality. , we sawther hand, apple a big risks given the transition. in the middle, amazon and google. google still has transparency issues lingering. amazon, the growth rate should come under scrutiny because we have not unlocked the next day of e-commerce, which is aimed day, same hour. knew netflix would be soft on subscribers and th

that relationship with alibaba, very smart you flagged that congratulations. >> thank you thank you.anwhile, they seem to be bucking the overall traffic problem for the industry, right? a lot of these competitors have been having to make it up on ticket. >> right they never -- they pulled back from the mall under howard schultz. less and less mall because -- >> how long it would be until we heard his name he's no longer associated with the company. >> i don't hear his name very much. >> no, it is not -- it is not as often. i don't hear his name on the campaign trail either. i guess he's had back surgery and trying to figure out whether he wants to still compete or not. >> there is how many people now running? >> 23 i believe, democratic side >> he's independent. but he -- this is kevin johnson's company. and kevin has done remarkable things in terms of the line. brian nichol, at taco bell, was i noticed a great -- a personally understood technology he comes into chipotle and puts in the technology. kevin johnson, juniper downgraded today, the man knows technology, he comes in and he

has flopped and abandoned projects now dot the landscape one casualty of the economic downturn is alibaba marketed as a kind of fairy tale to potential buyers the luxury development has now become a cautionary tale for investors. who wouldn't want to own a castle and here there are plenty to choose from over $700.00 in total. it's a place straight out of a fairy tale. but it's turned into a nightmare for developer misery yet because no one wants to live here. he's the one who dreamed up the idea of building the chateau style villas some 200 kilometers east of istanbul removing we're here in the turret that every villa has . for your owners going to enjoy the view of the natural landscape. they also have a nice overview of the state and other villas frozen in cologne some of them till. we have our arab friends in mind as buyers and we've seen how they've been keen to invest money in our country in recent years there's been in the. room a little goes a missile. but the adult ins dreams haven't come true because the arabs have stayed away $200000000.00 u.s. dollars have been sunk into the pr