the grip that the tencents and alibabas had on society.raddle financial and technology sectors, you will com e under scrutiny, as we have seen with alibaba. this communique says in addition to reasserting the anticorruption pledge on other parts of the economy, we are then going to zoom in on corruption underpinning the "disorderly expansion of capital as well as monopolies." the bottom line says breaking the ties between money and power. that has been the basis of this anticorruption crackdown on alibaba since october of 2020. the wealth destruction, if you will, of the big tech companies on the stock market. this is potentially very bad news in what has been a year and a half of bad news for alibaba. shery: i can't wait for chinese adr's to start trading in the u.s. again tomorrow. stephen: they had a great day up until this news came out. we can bring up the shares. you can see everyone from tencent and alibaba and the ev makers, they were all rallying the biggest gains this year. this year is not very long so far, but it was a big rall

hong kong dragged down by alibaba. i want to show you how we are doing with the yuan, the chinese currency, currently at 633.56. with pboc's resolve to weaken the currency putting pressure on the economy and quickly the commodities, brent crude higher by 1%. it is about demand. expectations that demand will rise as covid-19 waves -- eases. take a look at where we are in terms of right -- rate hike expectations. four hikes in 2022. not too long ago we were looking at three, and goldman is upbeat that it could be more than four perhaps. rishaad: this is the thing at the moment. the chief economist -- looking up goldman-'s skirt. there could be a rate hike. they're looking at march, june and september. the start of the balance sheet reduction saying inflation pressures -- of the baseline on top of all that. there we go. they will take some tightening actions. at every big meeting taking place. and looking at earlier balance sheets of more than four hikes. there you go, has. haslinda: even six according to bloomberg econom

meet jack ma, the founder of global internet giant alibaba, china's very own king of capitalism. out of poverty and became the richest person in china. he is the ultimate showman. ♪ can you see the love tonight ♪ >> known for putting on flamboyant, even bizarre performances for alibaba employees. jack ma became china's first celebrity ceo. he was not only famous inside of china -- >> i guess you heard of jack. >> -- he was embraced by the world's most powerful leaders. jack ma seemed more popular and admired than xi jinping. >> young people across the country who have photos of jack ma above their beds in ways historically you would have seen for mao. >> to understand how their could be a cult of mao in xi jinping's china, you need to know one thing -- >> in the beginning, xi jinping very much needed jack ma. >> china had missed the industrial revolution in the 19th century and america had invented internet by the end of the 20th century. >> china was not even connected to the internet yet. >> two days after xi jinping's opened china's doors, jack ma had his moments. >> china is

. >> charlie munger and alibaba. we were at the nasdaq together when he said this, i don't buy stocks and companies i don't understand alibaba is one of the most difficult in the world to understand. >> go ahead. >> ladies first. >> i find it very interesting that even as he doubles down on alibaba, he was still saying it was okay to crack down on ant group. it is a real interesting way of views there. >> very interesting there. >>> the changes of covid and constantly changing guidelines the cdcity rating, you do not need a negative covid test but amending that saying yes, you could take one if you want, if you can find one this latest twist comes as tests are difficult, if not impossible to find. walmart and kroger raising the price of their at-home covid test as they deal with the white house and the deal of the cost expired. the inax test rising from $14 to $20 and kroger pricing theirs at $24 in new jersey, a sharp increase of hospitalizations. rising above 5,000 since the earliest days of the pandemic. positive

taking a look at alibaba. the u.s.rce department investigating whether beijing can gain access to u.s. crime data through their cloud. let's discuss these implications with catherine lim. certainly it is a huge national security issue. >> definitely does raise the concern. but they should not be new. we have been monitoring the developments between the u.s. and china. if i can take a step back. last year, alibaba launched one of the customers. it hasn't reported, even though it is still unclear who the customer is. but there are talks the implications of the result was increased u.s. scrutiny. so it is not new for watches in the space. that is contributing over the course of the last six to nine months, why alibaba has been increasing to penetration among industries and companies on mainland china rather than in the u.s. haslinda: the u.s. probe adding to pressure on alibaba, already under intense government scrutiny. i'm wondering if it changes the outlook of the company? >> there is no doubt entering 2022, it is goin

you bring up alibaba. a lot of chinese stocks have moved down in the growth area, alibaba hasn't. it is obvious it is reaching evaluation floor. it had a pretty awful 2021. it is still a high policy, high-growth company, pretty much a monopoly. i think the market is reacting to that now. there are not many sellers yet. dani: but at the same time, there does exist this risk in china of a hole in the economy. perhaps the government policymakers are trying to jump in, but you have zero covid policy. hong kong is set to rest -- limit restaurant operating hours. what do you make of that factor? randeep: let's follow england's lead. it is pretty obvious now this variant of the virus is not that severe, so would not should be as severe anywhere else. the south africa figures are incredibly promising and they are starting to reopen again. once we get through this period, hopefully, we should return to some level of normality. that is not just across europe, but across asia as well. and might be a bumpy few weeks o

in china, behemoths like alibaba and tencent are not -- but little giants are on the rise. designation for a new generation of startups that have been selected under an ambitious program aimed at fostering a tech industry that compete -- that can compete with silicon valley. peter alstom joins us now for more on this week's big take. this is interesting, given the crackdown on some of these big tech behemoths. but now the government also wants to support up and comers? explain. >> that's right. we know that china's technology industry works very differently than silicon valley. what we wanted to do with this story is take a deep dive into these government programs and really look at how it works from the bottom up. this little giants program has been around for a while but it is taking on new significance over the past year as beijing has cracked down on the biggest companies, alibaba and dd. what we discovered is that beijing has accelerated is -- it's efforts to these giants, giving money, tax breaks to these companies that are -- that are strategically important. how imp

alibaba down by almost 5%. rishaad: right.e of the biggest automakers navigating the global semiconductor crunch. we have an exclusive interview on the way. that is next. this is bloomberg. ♪ haslinda: this is "bloomberg markets: asia." a big day for ending earnings, several of the biggest companies that report after the close. here are some we are watching for. companies expected to report higher profits, expanding margins. shares have gained 5% this year, 20% over 12 months for reliance. rishaad: yes. looking at this persistent semiconductor shortage, posing a challenge to india's electric vehicle makers. we have a budget that may be crucial for the industry and the transition towards ev's. let's discuss that with one of the man who runs one of the biggest automotive companies in india. he is with us now. thank you for joining us. how bad is it? how much are you suffering from these bottlenecks globally affecting all these oems? >> good morning. it is a pleasure to be here. things are starting to improve. covid is hopefully

rishaad: we are seeing it down with alibaba bucking the trend. exactly, increasing the stakes. it's not the first time he's done this. obviously a very famous investor. these shares are completely, they are so cheap. very very depressed. if you own alibaba and your purple you and you think it is going to recover -- in your portfolio and you think it is going to recover -- rishaad: you think it is in for the long haul. reporter: yes. the shares are lower than they were years ago. we careful with these rebounds. there's kind of overhang for chinese tech shares, kind of new news almost every single day. the sentiment here is very much still cautious. by on the dip is i don't think a very consensus trade right now. rishaad: buyer beware. let's move to another company, which is really feeling it today, down 50% the last time i checked on it. it is haurong, after a nine-month trading suspension. investors unhappy with the $6.6 billion bailout with this troubled bad asset management. troubled by perhaps is an understatement. stephen is here. reporter: i

is said to be reviewing alibaba's cloud business to see if it poses a risk to national security. is focusing on how the tech giant plants data. the company is also facing regulatory issues in china where it continues to face good news from beijing over data handling. china's capital is seeing signs of further coronavirus bread with delta and omicron infections. authorities say a person in a different part of the capital tested positive for delta. officials has set up mass testing across the city. the greater tokyo region is set to come under aim -- an emergency from friday. measures are expected to be in place for three weeks as the government tries to wait -- rain and covid cases. the prime minister says the final decision will be made wednesday. local media reports the tokyo plans to raise the virus warning level with more than 5000 cases on tuesday. the u.k. prime minister boris johnson will face angry lawmakers in parliament during weekly q&a session on wednesday. his own party members are calling for his resignation. he broke lockdown rules. johnson says he was not warned th

after the announcement in china's market regulators find a number of tech companies including 10 cent alibaba and video sharing platform. billy billy for violating anti monopoly laws. the states administration for market regulation delivered fines of 500001. in 13 cases of violation, 9 of the cases in vote 10 cent or the world's largest consumer electronic show has returned to las vegas despite record numbers of terrain of ours cases in the u. s 2 years after the last in person, c. s. tech companies have had plenty of time to come up with new ideas. ah, las vegas, the strip, the casinos, the flare sin city wants you to know it's back in business. despite an ongoing corona virus varian pandemic. the city is well coming back a former staple and cash cow, the consumer electronic show, or c, e s. one of the largest and most anticipated trade fairs of its kind. it's been 2 years since we've had a live event. and there's been so much an innovation that has happened, but it was also very important for us to do the right protocols. and so we made the decision in earlier the summer that everybody was

jack ma succeeded because he was given free reign to pursue alibaba as an amazon like company.saw that with bytedance, which built tiktok. this is a different program where the government is helping pick winners in areas they think are important it is not clear that this is going to win so we want to watch this closely. we will track these little giants. they are beginning to go public and we will see if they can live up to the government's expectations for them. emily: should silicon valley be worried about the competition or a different kind of competition? >> it is a very different kind of competition there is certainly a concern that china wants to build competitors in these key areas. if you are in semiconductors, ai and robotics, you know that not only are china's entrepreneurs coming after you and we have seen skilled entrepreneurs accomplish many important things in this second largest economy in the world, but now they've got this government support too. there are certainly going to be serious contenders and we will see whether they are able to succeed. emily: all righ

with the exception of alibaba, which is still showing gains here, 1.6%.nt, jd.com and meituan are lower on the day. csi 300 continues to see losses of more than 1% or so. hang seng is a bit better. the rest of the region still seeing some decent upside, when it comes to australia and japan as they return from the holiday. u.s. futures are pretty flat this morning. rishaad: and chinese markets to the downside, even though we did have factory activity rebounding. this is bloomberg. and there you have it. woah. wireless on the most reliable network nationwide. wow. big deal. we get unlimited for just 30 bucks. sweet, but mine has 5g included. relax people. my wireless is crushing it. that's because you all have xfinity mobile with your internet. it's wireless so good, it keeps one-upping itself. take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. haslinda: welcome to bloomberg markets asia. rishaad: let's have a look at the top stories. we have a risk on

shares worth $300,000 in mid 2020 he ordered his financial advisers to sell off a small stake in alibabaoming aware it was in his portfolio. the philadelphia fed president said he would support more than three interest rate hikes this year speaking with the financial times he said he currently has three hikes slated as early as march but would be open to more if inflation continues to climb. harker is the latest official to throw rate behind rate increases in many march, dom. >> thank you for that. >>> sticking with the fed and one of this morning's other top stories, the senate banking committee holding a hybrid nomination hearing for lael brainard to be the next vice chairman in remarks for the hearing, lael brainard has cited strong economic growth. she's served since 2014, has never decscented on a monetary policy position and has been cautious of raising rates too quickly. today's hearing comes as the latest read on inflation hits the highest level since 1982 joining me now is the managing director from the td securities. good morning to you. i wonder, from a rate strategy standpoin

it's central to chinese tech companies like 10 cent alibaba. and why way this is not a shopping mall on steroids? it's part of the world's most advanced electronic supply chain. each one of these is actually the front office of both factory on the outskirts of the moment. i check on my order the internet and connect me to this factory. and if you're making a new device for the internet of things, there's nowhere faster than shifts in. in this market, you'll find every piece necessary to build whenever you can dream of. it's why christina joined the never ending parade of startups, the competitions and prototype k. i came to show because can quickly quickly, quickly prototype the for example, when you do a prototype, united states think age is to get anything order. the p c, b may be to be assembled, but here it can do everything in one day. really knew like for example, this subway stations year ago from here they were not open yet they are like moving super fast. china is quickly leaving to become the leading nation of the 3rd industrial revol

it's central to chinese tech companies like 10 cent alibaba. while this is not a shopping monster, it's part of the world's most advanced electronics supply chain. each one of these is actually the front office about factory on the outskirts of the moment. i check on my order the internet and connect me to this factory. and if you're making new device for the internet of things, there's nowhere faster than chance in. in this market, you'll find every piece necessary to build whatever you can dream up. it's why christina joined the never ending parade of startups to come to sions and prototypes. k, i came to show because kind of quick quickly, quickly prototype the for example, when you do a prototype in united states, thanks need to get anything harder to pcb made to be assembled by the here and can do everything in one they really knew like for example, the subway station year ago. it was them here they were not open. yeah. they're like morning super fast. china is quickly leaving to become the leading nation of the 3rd industrial revolution.

a. >>> alibaba dropping we will be back in a movement. wg become there's this feeling we chase...ped the brightness on the entire world. like your body is super-charged, but your mind is super calm. it feels like 20/20 vision for your whole being. and we'll chase this feeling, until we can feel it... one. more. time. feel the hydrow high. ♪ >>> welcome back who needs hedge funds? while the markets rose 20% or more last year, many of the names owned by the big funds didn't share the ride. leslie picker is looking at the numbers and fall-out for us. leslie >> hey, kelly. yeah, we are looking at the goldman sachs basket of 50 names that appear most often appear most often along with the top 50 names of hedge funds. the so-called vip list delivered 11% returns last year. a third of the s&p what's remarkable is that the top names in the basket are essentially beta meaning they look a lot like the market microsoft, amazon, meta platforms and alphabet, google's parent company, were listed among the top five, but it was really the other 45 names that dragged down returns such as uber and

one of alibaba's units is considering a fundraising round at $10 billion valuation.the earnings season in the u.s., bank earnings coming out, sky high expectations. we are joined by our asian finance reporter. let's start with goldman sachs, commodities traders making a huge comeback. what is behind all of that? >> this is a covid-led comeback, a group that five years ago saw its revenue plunged to $300 million, but they have since led a remarkable recovery. this is a story to division that has produced lloyd blankfein, so it has been important to the bank. it does well in volatile years. its success is countercyclical. what we saw in the pandemic was a crazy shift in the commodities market, oil prices turning negative, then turning around. goldman sachs benefited from the power grid failure in the u.s. last winter in the northern hemisphere, and then there is the frenzied move in the european markets at the end of last year, of the division which was facing cutbacks is now one of the biggest success stories. haslinda: what will this translate to with earnings next w

i don't know if you took your luxury in your gut. dora, when we're doing loaded alibaba needs, but she more, i need a new pretty. i mean, we expect that nato countries would provide the ideas on how to implement our proposals, or providing at e corroboration widely and not acceptable. the enough for the one that is over more than i would bring your cherishing nice you to know. i woke up, you have to do it based on that, who will be able to make a decision on the future actions? don't the blood as i do so you know what that or that a go for a mother for matter. including in the n r a c is home it or she wouldn't be able to resume, will not socialist. we should bring you to like usa brushing. you don't really my vision more with peter as far as we understood, after the 2 days discussions, we got a perception that these proposals can be transferred to us in written him up with him as a book previous to and we would welcome that special but sure enough for pro still have a good a sheet which to against her as jenna what i said about interested her latasha kabuki says you mom a shipment wit

. >> you are welcome >> my question is about alibaba long-term. >> short term is sea bouncing. >> presidenting, he's walking away and letting all the stocks go up he'll hammer you again when they move up. scale out. that's what i recommend. he's going to let it go up and it's going to hurt you as you get it >> market isle >> booyah, charter member from the cnbc members >> what's going on i hope you and nvidia are doing well today >> oh yeah >> i am sorry. >> go ahead. >> chkeeping your advise, i cale you a year ago of the stock and the next day hell brooke broke loose. >> now, it's from 3 companies. >> one is top ten luxury car and the other one is volkswagon. that's who you are opinion >> it had tractors and i got to tell you it makes me very worried because i want to see volkswagon takes a new stage. >> the lightning round is >> the lightning round is sponsored by the i'm searching for info on options trading, and look, it feels like 2-d amirtradeng time. that's why td ameritrade designed a first-of-its-kind, personalized education center. oh. their award-winning content is tailored to fi

but it was a tech stack rally on wednesday that held up the index with big names like $10000.00 alibaba thing, significant games. we have a red arrow for the ne k in japan following that tech surge on wednesday, the nikkei gained nearly 2 percent for the day on the back of investors soft back. but the run was short lived as the new k closed out the week, losing those gains in car companies. and japan fell along with tech heavyweight sony. moving to india, the sense sex is up this week by more than one and a half percent in text back helped to keep the same sex day in the red for the week or in the green. that is to say for the week the un issued a report this week. it expects the indian economy to grow by 6 and a half percent this year off the pace of the estimates of 8.4 percent in 2021. but there are concerns that a 3rd wave of cope in the nation could flow that growth in australia, the assets is down, but by just under one percent, moving into negative territory on friday as the bank in fact really took a hit. their tax tax also fell as investors moved in line with the nasdaq here in

alibaba, tencent, these are companies that are known for their investments.hey back a lot -- a lot of startups in china. a little bit about relief there that the regulator is saying that it does not plan to go ahead with that. we will see. we have been surprised in the past. rishaad: thank you for that. our chief china markets correspondent. more on the day. looking at the bloomberg terminal. mliv , should that be your destination. ♪ rishaad: hong kong will hold secondary school classes until monday. let's have a look at japan's environment. the country needs more innovation to achieve its decarbonization goals. the have to work to ensure the new tax system is needed. let's go to our correspondent. >> the keyword is innovation. we need innovation to do carbonized. our existing tax provides us with $2.2 billion, approximately. it is not enough. we have to gain or create consensus among japanese people. the need to create new tax system, carbon tax. i have not use that word yet. i have not used carbon pricing. we have up or how selection this year. i don't

. ♪ shery: alibaba losing .7%.y because we heard the daily journal, a newspaper, nearly doubled its holding of alibaba. we found that out by looking at a regulatory signing on tuesday. we are watching tencent trading in asia after stocks fell in the new york session. we heard tencent cut its stake in singapore's damien company by selling $3 billion in shares. paul: joining us for the latest, fully paper? . >> it is interesting to see this. this was announced after trading was over here in asia and just before it opened in new york. the company basically said they were selling around 2% of what they owed. but they sold it at the end of the deal at a discount that was close to 7% to the close of the stock monday. $200. that led to a sharp decline of shares in new york during the tuesday session. that also led to speculation that tencent could be poised to sell more stakes in other different technology giant in china that are traded also in the u.s.. there was a reaction and other stocks as well. it will be interestin

is alibaba and tencent going to sell all of their holdings?market but also a fear of missing out. haslinda: catching a falling knife. thank you. let's do a quick check of the latest business headlines. didi have reportedly begun formal talks with the hong kong stock exchange about a listing. the financial times says the hong kong exchange review process includes a stability requirement. the exchange is said to want didi to be compliant in 70% to 80% of china's 100 biggest cities. citadel securities is partnering with two silicon valley investors in a deal that values the trading firm at $22 billion. sequoia capital and paradigm will inject $1.5 billion into citadel, the first ever outside investment in the firm. sources say the investment could lead to an ipo. citadel securities net trading revenue surged to a record $6.7 billion in 2020. rishaad: four minutes away from the lunch break in hong kong. checking with markets. hsi led higher with technology stocks, even some of those outliers before in this broad-based mark, up. cpi data out of the

it's tech giants like alibaba and dd, but western tech companies like facebook and google for instance, are still fighting with the regulators. aren't they? will 2022. do you think c, western tech giants coming to more regulatory pressure? you think? i do think there will be much more regulatory pressure from especially the west and also the europeans against tech companies. to some extent, will the chinese have done against loss. tech companies is what many people, many critics of tech companies, what the u. s. to do. so the chinese have tamed many chinese tech companies in terms of how the whole day when so on. the difference though, in the case of the u. s. is that the tech genes are very powerful and they have very large market cap. they're very influential, politically. and in some, some extent they're viewed as examples of the u. s. success story. so while i think the u. s. will try to tame them. it will be very hard for them to actually implement regulations that will curtail that ability to expand that businesses. the europeans, on the other hand, i think, will continue to impl

for example, a man joe si that i talk about in the book, a copounder of alibaba, speaks openly on defendingan rights he has funneled millions to the university, if you look at yale. they don't disclose that as a foreign donation, they say it came from united states, there is a joe si foundation in united states but it did not come from that foundation, it came from overseas. the joe si center has taken a lot of pro-beijing on the issues. but people like joe biden national security advisers were fellows at this center and paid by joe si . it runs to highest power in dc. they work to . >> he has given 100 million to black lives matter related charities, he is critical about justice issues in the united states, but, is very defensive and protective of what china does. that is skewing the debate on college campuses from yale to stanford and in between. mark: he is quite consistent. two marxist organizations. black lives matter and communist china in that respect. it is amazing how much money is exchanging hands and used to influence and advance the cause of communist chinese. when you think abo

. >> tech giants like alibaba showcased china's rise to the leading edge of economic and technologicalen kxi took control in 2012, many expected him to continue opening china's technology. >> there was a belief among all the leaders in the west that china would continue to integrate towards a private sector-led system. >> after decades of growth fueled by china's private sector, xi had inherited the world's second largest economy. but china also faces serious challenges: an aging population, crippling death and a slowing export machine. >> a big concern for the leadership was how to keep the growth going. >> so they unleashed the tech sector. first the companies seemed like cop copycats. that changed fast. >> nobody thought china would be a parody to the united states in technology. they thought guys would steal stuff but they couldn't really innovate. >> by 2020, china's tech sector had exploded in certain impacts. in some ways it was outpacing the united states. tiktok had taken the world by storm. china's bidi beat out china. the parent company of ali pei had grown into a giant. >>

so the government made a public show of p d and alibaba and then the tech industry when they were getting all high and mighty walking on a very thin regulatory line. so now they're bring the hammer down to the real estate sector. so it's absolutely no different than the public flogging that the be got the got. and this is essentially another public demonstration of what will happen if you don't abide by their rules. and the government is especially targeting these companies who think that they're all power for or too big to fail in order to make a point that no one is above the law. seems to be just one thing after another when it comes ever grant. i know we've been covering this, so i'll go over the last here and we saw that the company stock and hong kong last nearly 90 percent of its value in 2021. so what's the significance in this hall in trading due to this pending release of inside information that we saw on monday? well, shares are normally halted ahead of potentially huge news. and we've seen that with numerous names from impending drug testing results f d, a approval or any news

for example, a man joe si that i talk about in the book, a copounder of alibaba, speaks openly on defendingons to yale university, they set up a joe si center for study of china, yale does not disclose it as a foreign donation, they say it came from united states,io there is a joe si foundcasion in the united states but the problem, it came from overseas. and what is happened that joe si center, taken a pretty pro-beijing position on a lot of issues. you could say this is just an academic issue who cares, but the problem asks people like joe biden's national security advisor were fellows at this center, and were paid by joe si the pro regime oligarch from china, so the influence runs not just toy the universities also to highest power in dc, they work to squelch debate and minimize critique o chinese regime, and si defend the regime, saying there is no human right problem, but has given 100 million to black lives matter related charities. he is critical about justice issues in the united states, but is very defensive and protective of what china does. and that is skewing the debate on colle

names like alibaba, baidu, pin duo duo, all higher today.off to a red-hot start of to the year, but longer term, china oeven the u.s., as you might have seen this morning on the very fine worldwide exchange 5:00 a.m., by the way, here are the five international etfs five, egypt, saudi arabia at four, israel 3, the uae at 2, and indonesia, the top performing international etf over the last six months tim seymour is our resident expert, but what do you make of the trends, at least >> a lot of people -- you mentioned markets that have very small market caps overall, but the demographics are great part of the story here is reflation. part of the is story is you are seeing asset prices rise there's a lot of exposure to industrial production, and in that environment, the rotation we're seeing globally very helpful to e.m., so the fear of the fed is something that i think at some point e.m. has given you some sense that the fed will not move too quickly, but the eem has outperformed the s.p.y. by about 6% nothing to do cart wheels over, but at the

and i want to set an example for every one. hampstead heath alibaba. the director invites us on a tour of the waste processing unit inside debbie, deborah, san carmine. i raised the lord, we've been able to meet the quality standards set by the government, so young be that happen, or if somebody by the last ones were defined by waste treatment director. mr. harris for that day. buffy. see they've been revised since that shatara em. horem operation was launching out the one that back on the line in order to get the best waste management results. we needed a long settling period. we're looking at ethical plan here. you can see the large tanks, we have america back locker and with that of the process of cleansing, the water of all visible pollutants takes 24 hours. another 2 and a half days and required for the bacteria to be eliminated. on the process that a buffer ethan, the it is for bacteria processing that we use an aerobic waste water treatment system up we. we continuously mix the waste water with oxygen. um, but we'll knock on and also use an eras

indonesian employers association law and i want to set an example for every one. hampstead heath alibaba. the director invites us on a tour of the waste processing unit inside every day for us and harvey. me raise the lord. we've been able to meet the quality standard, sat by the government, so young the, the buffalo ref somebody over the last ones were defined by waste treatment director. mr. harris for that day. buffy. see, they've been revised since that shatara em. horem operation was launching. i'm the one that back on the line in order to get the best waste management results. we needed a long settling period. what looking out at the problem here, you can see the large tanks we have. i mean, i'm like you buffering with that of the process of cleansing, the water of all visible pollutants takes 24 hours. another 2 and a half days are required for the bacteria to be eliminated. or the process that about very than the day for bacteria processing that we use an aerobic waste water treatment system up we, we continuously mixed the waste water with oxygen. some of our will knock on and a

alibaba ten times earnings based on some of the parts then you have small cap names, buyers up here,uiter is nice, plays into the job openings numbers, career real, we think will put up some good numbers and show increasing leverage in the year as well there are selective names on the small cap side we would be buyers of and continue to like google, facebook, amazon, and alibaba as well and think buying is attractive on the pullback. >> ed, bofa trading desk suggested feels like the market might be waiting to see if the fed sends out some messengers to calm markets are we legitimately on watch for that or are they sitting back watching this rather orderly sell-off happen and saying we're doing our job? >> yeah. i mean, i would be surprised if they send out some messengers to calm us down i mean, look, what's happening here is actually very healthy for the market i mean some of the ridiculously over valued pandemic stocks have corrected significantly and the pandemic isn't going to last forever. that's one of the bullish things here is the markets are signalling that we're going to ei

arm for the alibaba vessel called ship transfer.er vessel like a small vessel port to then feed to another port either shanghai or naibo from the water and that all takes time and then you have to reallocate appointments to get on additional ships. so that's all what they're doing and it's all just clogging the system >> a hot mess, as you say. lori ann larocco, thank you for joining us, keeping an eye on the chinese ports. we appreciate it mike, as we wrap up the show another strong day for the dow and that is just reflecting the strength that we saw in places like banks and industrials and energy companies which are at the top of the market and weakness in technology, and you wonder where this goes if we're going to keep seeing a jump in yields every day and the continued split in the market. >> a pretty key point for yields as we were showing before, very close to the upper range that we've been through for the year. we'll see if it has multi-day momentum behind it, but it is interesting that we were in a place right before omicr

. >>> we mentioned it a moment ago, let's get a gut check on chinese tech ad.com, alibaba, all ralliedfive-year rate by five basis points chinese tech stocks also having a pretty good start to the year after a rough 2021. all in the green this year and outperforming faang, despite the regulatory pressures in china did well on those stocks last year street is bullish. 88% of analysts have a buy, for example, on baba, 92% with a buy on jd.com. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. it's got to be something workday. i think i got something. work... hey, rob, you're on mute. hello! hey, rob, there he is. workday. the finance, hr and planning i'll shoot you an estimaterld. as soon as i get back to the office. hey, i can help you do that right now. high thryv! thryv? yep. i'm the all-in-one management software built for small business. high thryv! help me with scheduling? sure thing. up top. high thryv! payments? high thryv! promotions? high thryv! email mar

and the ioc chose alibaba as its exclusive provider of cloud services for the entire games.t's another company we consider national security risk. how can any of this be good? >> well, it's not, and it's sort of a vision of our future where china gets to set the terms. it has the money, it has the power, it has the technology, the power and i think the reality is the ioc is weak but it's not alone. women's tennis association stood up at that's pretty unusual. australia is standing up at if we allow china to gain the kind of economic leverage that we were talking about, over us, that will be our future, everybody works for somebody and we've already seen with -- people will kowtow and i think the critical issue here is that's also going to be determined by the military balance. the military balance, which is severe and deteriorating dramatically, even as we are gathering in europe and not getting europeans to stand up, which is what they should be doing, and they the front lines on the ukraine situation. if the chinese move on taiwan, which i differ with colonel mcgregor, i d

. >>> time now for a gut check on >>> team now for a gut check on a few of these names alibaba gettingof confidence from chalrlie munger doubling his share according to sec filings. jd.com they are all up in today's trading, bucking a broader trend. take a look also at the shares with the etf also seeing modest gains this morning key word here is modest. we mention so often that this one is down more than 55% over the last year. lots of chances, carl for investors to get rope into dead-cat bounces, so far, at least. >> i get a check on a few ev names and a busy week for the auto space tesla reversing earlier gains and lucent and rivian down big as traditional automakers are ramping up the competition and making noise at cvs. we'll get more on that in a moment when "tech check" comes back we lis and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim web. because platforms this innovative, aren't just made for traders - they're made by them. thinkorswim trading. from td ameritrade. and there you have it. woah. wireless on the most reliable network