you hold alibaba stocks. how long do you think you will hang onto it?hat is the potential in terms of upside for that stock? >> i think there is enormous upside. you can describe alibaba the way people used to describe general motors in the united states. what is good for alibaba is good for china. i think we'll go through periods of hubris. i got a sense that china has gone through a period of hubris, but i do not believe they have lost their sense of rationality. they understand that the future is delivered to them and their population if everybody gets richer, and if they have taken actions and potentially put the brake on that, they have realized that they need to slow down on those kinds of things, and we saw it in various ways. they have lightened up on some of the restrictions they put on 10%, for example. the world goes through these cycles, and we need to pay not too much attention to them. what would be concerning to me and it is something they cannot entirely rule out his i say to myself, provided the leadership in china is acting rationally

alibaba is not a macro call on china.corporate governance. >> i think some of the skepticism essentially resolved around low credit demand. you're looking at the stimulus measures that are being taken, but how is this going to flow into the economy and lead to further lending and further investment? and i think that is really the crux of the argument. even when this was announced in late september, there was going to be additional follow, and the opaqueness around that is what has led people to look to take profits in the short-term, but i'm with the guys, if there is stimulus, it's to the upside. >> tim was selling baba calls, which proved to be a great move, and it's going to continue to be right. the baba pull-back makes sense. and i think as karen will probably tell you, you're l looking for places to re-enter or build a long position and you are pretty close here. >> exactly. yes. i would like to add some more alibaba, right around in here. i think -- so, right now, i have alibaba, kweb and fxi, but i'd like to add m

alibaba has been a horrible stock since october, hoalloween 2020 -- >> boo >> thank you, tim. we said this dozens of times look how many 50% bounces we've seen off lows. and we're in the midst of one now. >> yeah, i'm going to say the same thing i said a couple nights ago at the end of the day, what's the pull forward in the stock market relative to what's going on in the equity market, the property markets tim just mentioned, you know, if the stimulus is equivalent to 1.5% of their gdp, you know, they're supporting the housing market, they're supporting the stock market, they're going after the consumer, that sort of thing. i get it, but when you see this sort of move, i mean, to chris's point, i've never seen a major index go up nearly 30% in a straight line in eight trading days and so, you know, at some point, karen said it really well the other night, she's like, i stuck my toe in the water, because this is a theme i kind of believe in, it's going to be a much longer term thing to play out. but i want to see it come in a bit. i just don't chase things like this i get why

you had that runup in alibaba, you got up to 123. he was selling calls against it.ck and fill is going to fill a gap that we created on the upside, but i don't -- personally, i don't think the trade is over, so, it's either alibaba at these levels, you start to layer in, or fxi around 28 1/2 and 29, which also fills a gap. because i do think you're going to get more into the end of the year that's going to sort of reaccelerate both the individual names and these etfs, mel. >> you got two toes -- >> three toes now. >> all right. >> and the fourth toe. but i think fourth toe might be full, now you can buy it at better prices. it is intriguing to e, still. i like the declaration that it's over. i agree, that doesn't really mean it's over. but i do think that valuation is compelling and i do believe that this is still significant change, even though it is falling short. >> you posed the question a couple of weeks ago, where if the mag seven or nvidia specifically started to rally, does that take away from the alibaba trade. so, you have a confluence of events. you have

you mentioned alibaba. if there is any kind of follow through, these names are going to explode back to the up side. >> if you told me you had sold alibaba, i wouldn't have been surprised at all. it is worth noting, too, you know, for a david tepper there's a stan druckenmiller who says no thanks. as long as xi is in charge, i'm not interested in owning any stocks over there. i'm paraphrasing a little bit, but that's the general theme of thought of what he had to say. >> you haven't been wrong to be conservative about china, to hang back. i don't think you'd be wrong to hang back and see what saturday's press conference holds. however, i just think that the odds are stacked, you know, in the favor of this is a government that's got -- you know, self-preservation is important here. they've got to do something. things are not looking right unless they stimulate that economy. if they do, there's such little exposure to these chinese stock names, especially compared to where they've been historically. it's not

one is alibaba, chinese amazon, and other the chinese google. al alibaba stills for 16 times.ring the height of covid it traded at 319. even six years ago, the last heyday for chinese stocks it was 211. it is lucrative and safe. it hasn't gone anywhere if you look at the long term. many are tempted to buy chinese auto stocks because they have incredible ev technology but the ev markets are crowded. same with buying tee mu who may have problems with the u.s. next year. let me give you another one i get. nuclear power. i get so many nuclear question but the most obvious is constellation energy, profitable but not expensive. another good company would tell you that nuclear plants, even modern ones, are way off. you are buying a company that builds windmills, okay business, and natural gas power. natural gas power plant is a great business and very much in demand, but decidedly not nuclear. we can't tell which companies have more decommissioned nuclear plants to come back on line like the three mile island deal with one tower being commissioned by microsoft. they're unlikely benef

companies like alibaba, tencent, so forth, they're in hong kong, you can buy them.s the big electric car manufacturer, i think these are interesting companies to look at now that the situation's changed to is dramatically. liz: well, let me just give tencent9 a shout-out here. it had been a $33 stock this year. it is now at a $52 at the moment, annual high, $632. so while it -- 62. while it has pulled back recently because i guess the punch is not as strong from these stimulus announcements, tencent is one of these conglomerates that looks pretty interesting to a lot of people because it had sold off over the past couple of years. how long do you think this rally lasts, and isn't that worrisome for investors who feel like her at the whims of xi jinping,? >> well, i think you have a situation where once the government moves on stimulus measures, they're don't let up very easily until they accomplish what they're trying to accomplish. and probably the most significant thing is the change in attitude at the top level. xi jinping made the statement that they wanted to e

alibaba is down 7%. nio is down 10%. >>> turning attention to foxconn. at the center of the supply chain for many of the global tech giants, notably apple's largest contractor for the iphone assembly. key for nvidia and the ramp up to get the chips to market. cnbc's emily tan spoke with the chairman of foxconn at tech day live in t'aipei. >> reporter: i'm here in t'aipei at han hai tech day. i got a look at the server rack gb-200 with the blackwell chip designed by nvidia made by tsmc and assembled by han hai. there's two gpus and one pu. one rack can hold up to 27 trays and comes at a cost of $3 million. han hai is the first to ship the chip later this year. the chairman of han hai says a.i. demand is strong. >> fourth quarter, we are still seeing the a.i. is going to grow. the demand is still very strong, especially we anticipate the gb-200 will start shipping at the end of the fourth quarter. >> the gb-200, i'm looking at it right behind you. you are ready to ship it. what does your order book look like? >> oh, that's, that's very sensitive answer, bu

the united states, the minute it passes five million in sales you're going to see that product on alibaba at two-thirds off and they'll try to put you out of business. you prove the market for them and they're selling it right here in the united states. there's no way you can protect your ip. they're using your molds to screw you. this story has happened thousands of times and there's no way can stop it. so when people come at me with academic studies about changing china's behavior and not to do that they're not dealing with china like i am. i'm in the real world, these guys do not play by the rules and the only thing they understand is the stick. we need to give them the stick. now, i don't like tariffs, these are short-term strategies but if you shut them down and you cause economic pain they'll come to the table. >> sean: totally agree with you. and, you know, trump would occasionally say and people get mad, we can be a stupid country sometimes. we allow the communist chinese tens and tens of thousands we know know because of harris/biden open borders have come into this country. i do

valuation, but i think this news, and again, i can see this in the options markets where even an alibaba advantage of a long position. >> dan, what do you think about the kweb kind of names? >> i think they're fine. they're really obviously geared toward the consumer. i wouldn't chase them here, and i think it's going to take awhile to see some of the stimulus work their way into consumer balance sheets. a lot of them are kind of weighed down with a lot of the property market, so, there's a whole host of things that i think remain headwinds for it to work into their earnings and sales. >> i think tim is right to sellup side calls in alibaba. january 2023, it topped out somewhere between 123 and 125, which is where it should stall, now not to say the trade is over, but you are probably going to get some sort of reversion to the mean at some point, you know, back to the 105 level or so, so great trade without question, but you're trying to find an entry point here, not an exit point. >> goldman upgraded to overweight, saying 15% to 20% upside could be had from here. carter, what do you see

so alibaba went from 85 to 118 back down to 105. china is going to keep coming out -- i don't know if it is a bazooka or a water pistol but they will come out with stimulus. for the next couple of months i would just trade alibaba. >> it is october. it will be the next one and the next one. >> so the highs last week when people were gigged up about the trade, the shanghai was trading at an eight-year high, if you think about that. obviously hong kong was also at a three, three-and-a-half year high. look at the etf that i think covers the large cap, primarily adrs here. you know, if your point is they're coming after the consumer, looking to help the consumer that's what you want to own. it is allie baibaba. >> if they do that. >> right. i think a lot of folks are placing their -- i guess you are waiting for the chinese government, which is obviously -- they're the ones who brought this whole thing down to some degree if you go back three years ago. so to me it doesn't seem like a great trade chasing it. >> off the plane from las veg

amazon, alibaba. from virtual cells consumers can fill

and alibaba each. selina escape these customs as a child, but how is she now using high experience to help other girls liberate themselves from these deeply ingrained practices? i have not been very lucky enough to escape s g m i also natalie is king size mattress. and i kept because a good, any new kitchen, i took it as an opportunity for me for those 3 pending to send my if jim story and this reminds them that it is not a true proof of womanhood. i saw them that we kind during the same woman who would, in the must say community and focusing on in the gym efforts have saved over $500.00 goes from child levins is. and you getting them on as jam and standing up against it. finishing the institution has helped me as a, let's say go salinas, do i have for vice shows up in all ways as unless it goes and so he's hoping to have been technicians in the future. i'm looking ahead to become a pilot for just a moment. norma is, i'm right when i dream of a neighborhood that is food sick you, i, people have access to safe 1st and then you can, is it coming from store and is available for the was t

and alibaba each. selina escape these customs as a child, but how is she now using high experience to help other girls liberate themselves from these deeply ingrained practice? i have not been very lucky enough to secure a gem. i also naturally escape sag matters and i have kept them because they go to a new kitchen. i took it as an opportunity for me for those 3 pending to send my if jim story and this reminds them that it is not a true proof of womanhood. i saw them that we can during the sign, the woman who would in the must say community, our advocacy and individual efforts have saved over $500.00 goes from child levins is. and you getting them on as jam and standing up against it, finishing by institution, has helped me as a let's say, go salinas, do i have for vice shows up in all ways as the muscle goes. and so he's hoping to have been technicians in the future. i'm looking ahead to become a pilot for just a moment, norma is, i'm right. when i dream of a neighborhood that is food sick you, i, people have access to safe. press. ok then you can is it coming drones, toys, and is a

people think his come back in 2006 was the deal with alibaba. phenomenal.pan, vodafone was so desperate to get rid of it, he bought the company on a handshake from steve jobs. he saw that coming. he's made huge bets. arm is $100 billion. caroline: he has got some spectacular mrs. as well -- misses as well. that's the vc way. some payoff, others don't. money being thrown at we work, at improbable, at wag, which went horribly wrong -- what makes the openai potential there? is that the right one to be throwing money at right now? alok: i'm not sure throwing money is the way i would describe it. keep in mind, masa has been fascinated by ai. he was talking about this when i first got to know him in '14. i described this in my book, sitting on his porch at his home in tokyo and he was talking obsessively about ai, singularity and what it would mean from a tech perspective. honestly i did not take them seriously at the time. he has been clear now. he announced everything we have seen before is a warm up. he's ready to make big moves. that's a long-winded way to an

. >> alibaba, not baba o'reilly. >> freeport-mcmoran. >> tim's got a mets shirt on. everything is fine. thanks for watching, everybody. "mad money" with jim starts now >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. mad money starts now. >>> hey, i'm cramer. welcome to mad money. welcome to "cramerica." my friends, i'm just trying to make you a little money. my job is not just to entertain but to explain what is going on so call me 1-800-743-cnbc, tweet me @jimcramer. >>> have you ever wondered why more people haven't become millionaires from owning stocks? i'm sure you have and i will tell you why. asml holdings. another great day where the gal and nasdaq grew you're wondering why i'm talking about asml. what is asml? keeping people from making money in the market? i don't want to insult the people that work at this dutch equipment maker. the ability to make smaller, more energy-efficient transistors at the right price. smaller transition --

google, microsoft, amazon, alibaba, baidu are all building the infrastructure that will be needed fora.i. software companies are spending to put generative a.i. in the products and services. we start to see cios spending on that next year. we see the foundation being built. cios building it and next year and 2026 and 2027 really accelerating their growth. >> that's a long-term outlook. i want to focus on 2025 for a minute. the 14% increase in software. that spending is the software companies spending to basically bolster products with gen a.i. or maximize with gen a.i.? >> it is all of it. there is a tremendous amount of money spent by software companies to bolster products. most do not have the capa capabilities to put the a.i. at the base of the product. they are partnering to bring in other people's models to add it to their software. the big spending is still cios getting ready for a.i. which means upgrading the systems they have and getting on the modern infrastructure and making sure the data is ready for generative a.i. where we see them failing in the proof of conscept is the

tencent and alibaba, i think they are more long-term by, but the other is like a risk on and risk offa global investor, it would be better to look at manufacturing. for example, it could go up a lot and then when the hong kong market is down and tech is down, it's only down 3%. haslinda: william? hang tight. cio grow investments. stay with us. plenty more ahead. this is bloomberg. ♪ haslinda: china markets heading to lunch. what a day for china stocks. gyrations not for the fainthearted. the csi 300 index currently up by 6% as we speak. remember that it opened up by a smut -- by as much as 11 percent. disappointment when it comes to the end drc, expectations were sky high. disappointment wears, kind of expected, but that volatility. we are back with william, cio grow investment group. we talk about gyrations in the market, talk about the spread between aa-and h-shares, how are you reading that? >> i believe the spread will narrow down. i think the shanghai index is coming back again, and we have to be reminded there is no limit on the hong kong shares, but for the china shares, small

shares are down about 8%. >>> the china stimulus rally losing steam overnight alibaba and jd.com areure alongside the hang seng. keep in mind we had a strong start to the week. nuclear energy names, after the ceo of google said in an interview the company is considering using nuclear energy for growing power needs around ai vistra, constellation, best performing stocks on the s&p not only today, but for the year as nuclear continues to gain ground, at least the possibility of it, carl. >> yeah. fascinating story. markets moving higher on some of the data points. let's get to rick santelli hey, rick. >> let's start with the ones most likely making us move higher if we look at ism services for the month of september, we're expecting a number around 51.7 our last look was 51.5 zoom, zoom, zoom 54.9 54.9 that's the best since february of last year when it was 55.0. now, if we look at the prices paid index we're expecting a number around 56 this one moving the wrong way which can help explain why interest rates are moving up, 59.4 that's the biggest, the worst, of prices paid since the be

i see money going into things like jp.com and alibaba.ooks like the hot money is going. i come back where he goes everything, everything in china. > >>although yours appears to be alibaba. >> anyone who wants to look at a chinese company that's run like an american company, it's baba. >> very much involved and sort of helping to run the company again. take a look at one week basically on baba. that one year is almost a week. where is it? 20-plus percent and continues, jim, in terms of momentum that you saw yesterday as well. we'll see what the ultimate impact is. but right now the market seems to be just is getting way ahead of it. >> and you're going to get this problem if you're a fund that tracks worldwide, you know, flows. you have to come in. you have to come in right now just because the momentum is so great. so it feeds on itself. carl, look. no one's thinking about whether the companies are doing well. >> they mean it this time. there have been a couple of times where jpmorgan who's not been a believer until now, he's convinced a

alibaba in financial. so, you have this capriciousness of policy and that has gotten worse.ut, the other thing that foreign investors in particular did not understand or took them a long time to understand is that china does not view itself, at least at the policymaking level, on a long-term basis needing foreign capital. every now and then, they will say the right things. they will attract foreign capital and then they will help incinerate it. so, on top of the governance risks, the capriciousness of policy risks, you don't have the geopolitical risks. xi has been pretty clear at times with something i thought was never actually on the table a few years ago that china might try to take taiwan by force. that is, i think, on the table. just for governance reasons, if you own these stocks anywhere in the u.s., you could wake up one morning and one of the companies is a zero. then, with capriciousness of governance policy, you can find them to be zeros. now with the geopolitical risk, all the china equities you own, you could wake up one day and they are zero. from a medium to

that includes alibaba, byd and they will be rebalanced quarterly should the round hill ceo told me unlikeyou want to focus on what you like. this is a narrow focus of nine stocks. you don't want the smaller companies to dilute your holdings. inc. about it as the bloomberg might have since seven index. vonnie: it is pretty concentrated. in china there is of the danger the leadership decides to focus on one particular industry. are you taking a bigger risk than it might look at face value? isabelle: if you inc. about a broader question, it is china in general. there two ways people look when they invest in china, it is go big or go home. valuations are very attractive. is it cheap for a reason or that is why we should pile all in? with the bull market really come a lot of hedge funds and money market managers are feeling left out because they are under exposed and they are piling in. we have some of the exchanges feeling like they cannot take in all of the trading activity. that is a risk you take with e.m.. the upside is far higher. vonnie: how do they manage to time it right after some of

just on its way and i'm seeing in shukur china got way ahead and watching them on a pullback and alibaba and fxi and cewb and pulling back towards averaging and i'm probably going to load up and that's not 100% certainty but i just think china is has a ways to go and making jay powell printing $9 trillion look like a piker with what they're doing and that can fuel those markets going forward. charles: keep an eye on all of it, man. listen, thank you so much kicking off the week and talk to you again real soon, gary. >> thanks, charles. charles: my next guest more about the volatility and in part geopolitical politicals and going with ubs private wealth management and managing director and market executive julie fox. julie, we know the vicks has been elevated and all though not panic territory and history tells us also that volatility is headed less and i've got a chart and warning election season chart and feels like where we are right now and maybe it's almost time to buy. when do you buy in the volatility? >> yeah, i think we advise against making any portfolio shifts ahead of election

, people like that and -- >> not enough to get to the key bellwethers we keep an eye on, which is alibabanot sharply. this follows losses later last week. obviously, huge gains for a couple of weeks there. we had eunice yoon join us earlier on the program, our reporter in beijing. it's all about specifics, sara. they are still lacking in specifics. >> specifics and stimulus aimed directly at consumption. >> right. >> which could be why alibaba is not loving the news. it was enough to get goldman sachs to upgrade forecasts for 2024 and 2525 on china from a lower base. >> not a lot. 4.9 for this year is not a huge gdp number for their historical targets. we'll see what we get on friday. >> that's the china story. in the u.s., you know, we got the cpi numbers and the ppi, it was all okay. the next will be pce, the fed's preferred inflation. that's not until next week. increasingly i'm reading about the election and how investors think -- the bottom line is that it seems it will induce a lot of volatility and uncertainty as we get closer here. we haven't so enthat yet. here's jpmorgan, given

you see the likes of alibaba going down 8.8%. xpeng double digits there.o, too, li auto, as we go into the ev space. nio losing out with bilibili at the top of the losses. that is the extended hours trade of those chinese firms. >>> coming up on the show, florida preparing for what could be its worst storm in a century. it's bracing for a second hurricane in as many months. we'll bring you the latest on that story next. what is cirkul? cirkul is the fuel you need to take flight. cirkul is your frosted treat with a sweet kick of confidence. cirkul is the energy that gets you to the next level. cirkul is what you hope for when life tosses lemons your way. cirkul is your gateway back home. so what is cirkul? it's your water, your way. cirkul, available at walmart and drinkcirkul.com. >>> hurricane milton has intensified into a category 5 storm threatening parts of mexico as it makes its way to florida. the state, still recovering from hurricane helene, is ordering he evacu evacuations. we have alice barr with more on the evacuation notice and many people are

going for the far east and southeast asia and building massive data centers as well and going by alibaba other large players and these companies can go a lot higher from here and up 125%, i think there's a lot of upside from here, stuart. >> what we talked about in data and you and i talked about on energy and look at stocks today. constellation energy, vistra and sam altman's company up another 25% and small modular reactor company up 25% and people pouring money into this and know that microsoft reopened three mile island and google is making investments into the smrs and so is amazon. stuart: some of the stocks that are moving and mcdonalds is moving and it's -- well, up nearly 2%. what's the story? lauren: look at decline on friday and report their earnings and the compounder is returning without the onions and mcdonalds ruled out beef as source of e. coli outbreak and quarter pounder back without the onions. stuart: saw carnival on the active list. lauren: travel stocks are up and surging on oil prices. they're down 5% because israel is retaliatory attack against iran was restrained

alibaba down 7/10 of 1% well off the lows we got a headline a few moments ago there is a pboc policy paper that suggests there may be additional bonds. mainland china stocks sold off after the pre-golden week euphoria. the next potential catalyst is a ministry of finance be thing saturday which may reveal new fiscal measures and new details on bonds as well. >> i have always been among those who believe the last mile can be the most difficult because now you are trying to get from something in the neighborhood of 3% inflation to two and over what time can you do that and still ensure the public believes you will get back there? that those inflation expectations stay anchored. i remain focused on where we are with the current inflation dynamics. vonnie: to the federal reserve, former kansas city fed president esther george speaking at the citadel securities will macro conference in new york. we have those fed speakers today and the september fomc meeting minutes in less than an hour which may shed some light on the thinking behind the fed. it's bring in michael mckee, bloomberg intern

a alibaba showing some relative strength. hong kong is still roaring. we'll see how that momentum continues. >> sure, people are talking about the aussie currency and other areas of the global markets. >> and don't forget the kiwis, as well. >> thank you very much. those hong long property listed stocks are sharply higher today, to the highest levels in over a year, as the stimulus rally continues. but my next guest says this is just a short term trade, not a long-term position, and there are better places to invest. jared woodard is here. jared, welcome. you won't to go up against tepper like that? >> i think there's always opportunities in the market and our view today is whether it's monetary easing in the united states or easier policy in china, these can be incredibly powerful in the very short term. but probably aren't the number one place to commit capital today. for anyone looking for big returns on a six or 12-month time frame or longer. >> i took note, and i'm sure you did, as well, that stanley drukenmiller remains not excited about thepossib

additionally, it has even more competition coming from china and companies like alibaba. discuss is the analyst behind the call, ubs' michael lassar. welcome. lay out the thesis here and why you like what walmart seems to be doing in third-party marketplace. >> thanks for having me, tyler. our thesis is that walmart is an early stage of building this ecosystem that is going to drive considerable sales and earnings growth for the next several years. a key piece of that is going to be its third-party marketplace that, as of last year, did about $70 billion of gmv, collectively through its domestic and international properties. we think that over the next few years, that can grow to $150 billion. as it grows the third-party marketplace, it drives other elements of high-revenue streams, like advertising, logi logistics, data monetization, and others. this is going to be a stock that investors are going to want to own as we move through this very attractive growth cycle. >> it becomes a kind of virtuous cycle, not only creating this revenue river but also having knock-on effec

i want to own alibaba long-term.'m sure i would have been a buyer i do think you have a dynamic where you're going to start to see people follow through. i mentioned about the casinos, 33, 35% move in wynn this is something i think has given the analysts a chance to look at those valuations that are 50% discounted to where they were pre-covid and say at some point we don't even need china to be booming. >>> meantime, a new op-ed in the financial times suggests the united states may have hit the peak of its obesity epidemic newly released data finds that since 2020 there has been a down trend in the percent of americans who are overweight, thanks to drugs that, quote, almost my magic, remove the requirement for human will power. sounds like an ad for eli lilly's drugs. -- what lower obesity rates could mean for health care overall. jared, great to have you with us this is good news for america, for our society, for our health care costs, which we all pay for. have we factored that in to how we look at pharma companies

i think it was last week, hashtag smooth to my left, when alibaba was trading about 119, probably paid it. that was the right thing to do. you're going to get an opportunity to buy this stock 98 or so. i think you buy it again right there. >> the other side of that trade is you're still long the stock. it's one thing, it's great to be making some money but people understand both sides. it is worth pointing out that a lot of times, people either sell calls and lock themselves into a position because they don't want to be uncovered or can't. that is the other side of this. >> baba is the b in zebra. >> also the a in ahmad in zebra, too. it's a disaster. >> all right. >> you guys know how i feel about this thing. the most random thing, sandy. 2025. >> how about two acronyms next year? >> falras.in tde ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitti

at some point, might they kind of partner with a baidu or alibaba and have some cloud stuff there and some of the software intelligence, maybe, but if china's a really big part of that, so, that's not happening any time soon. i don't mean to -- i'm not particularly beared up on this and gene will come back on and tell us, the story is going to be 2025 and 2026 the mixed shift of all of these services are going to be built on top of these a.i. models, that's when they start getting a larger share of that, and it helps 46% gross margin get above 50 for the first time ever >> tim cook was in china today, probably trying to smooth the way towards some sort of partnership for the a.i. part of the business there, karen. that's going to be criteria came >> it's going to be critical and difficult, i think there, again, so, does the election make a big difference, do we have -- do we have a, you know, sort of difficult relationship with china either way? maybe. i don't know you could see trump maybe being more hawkish >> uh-huh. >> but also, i mean, i agree with dan, it doesn't really matter r

days, this exchange was closed, this one was open, this one caught up, this one sold off -- look at alibaba. the stock went from $85 to $120, basically, pulls off, so, if you are using that as your barometer, xi jinping really wants to be successful going into our elections. where is competition? i think he's going, to karen's point, put the pedal down as long as he possibly can. he just might run out of gas, but he's going to do whatever he can -- >> you think there will be more stimulus to come? >> i think there's going to be more. i don't think anyone opens up with their best offer first in any country. >> i'm on the same page with you here. i think some of this pull-back here, some of this is going to be profit taking after a huge move we've seen in china. i don't think this is something that just this news would say, okay, we're going to get completely out of china now. and i think you bring up a lot of great points i agree with. as an investor, you need to realize how volatile this can be. whatever the chinese government is going to say, it is swing wildly. you shouldn't put all your

. >> alibaba, not baba o'reilly. >> freeport-mcmoran. >> tim's got a mets shirt on.s for watching, everybody. "mad money" with jim starts now >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to h

i would like to see alibaba 105 and it's 116. a big believer in jumping on top of a move like this and let me be clear. this was an outlier move, but for me, let them pullback first. charles: there's a lot of talk that bazooka, canon, whatever you want to call it they need a lot more. they are in such a deep hole, they may actually need more. one stock you were pounding the table on was meta. that's like three weeks ago. it has exploded. it was down earlier today, it turned backup. you can't keep it down. my question to you is how much further will it go do you think? are you still holding? >> if the nasdaq stays in shape, i think it's definitely going higher. it hit the big number 600 today where if you hit a big number, usually you'll stall and due to the fact the nasdaq is down 200 today, it's in pullback mode but real good up-trend. it is the strongest big name stock. you don't have earnings for another month, so there is some room, but again, it's going to be all about if the nasdaq, i don't even need it to go up. i just don

he does that puts a little bit of a stamp on it but right here i'm going to wait and be looking at alibaba not here, because you can get a 10% pullback as a normal pullback and you're down 10% for no reason so we'll keep fingers crossed. charles: yeah, tepper is amazing as a hedge fund manager. still the jury is out as a football team owner but it's early. i just got half a minute to go. you brought up jay powell. you brought up wa what's happen. he's got this tough job of tempering expectations but the flip side is you had other members of the fed saying we're going to keep printing. the market wants to hear that right? the market just doesn't care why as long as the fed is printing or making cash available is all they care about. >> yup, yup, yup, i wish they would stop wrapping. look, it's not just us, there's a lot of central banks around the globe easing. liquidity big time and typically from markets unless you go into deep recessions and i'm not talking about two quarters down. i'm talking about deep recessions unless you go into that, liquidity is great for equities and i'm going to

not impacting the consumer, then all you do is have this kind of momentary stock blip, people buy alibabaen what happens, because no real money is getting to people. it's just getting to developers and the state-owned businesses and all these stocks go up. that's just fund managers in america saying, i can't miss it. >> there continues to be an expectation after a series of announcements a number of weeks ago that was followed by a huge rally for a couple of weeks and then a pullback, that there will be a follow-through with more actual money. the reuters report would seem to put some credence do that. $1.4 trillion is not an insignificant sum for them to potentially be spending. if it does get into consumers' pockets, you would imagine it might have a positive impact on their confidence, on the property sector, which is where, as you point out, so many of the losses, so to speak are -- >> vice president harris, she's saying they're offering $25,000 for a home buyer. she xi should listen to harris. that would be good. that's what you need to do. you need to write a check. >> yeah, but peo

alibaba shares up another 1.2%. we followed this last week since those stimulus measures were first discussed, continue their upward trajectory. a lot more live market coverage for you right after this. when you're looking for answers, it's good to have help. because the right information, at the right time, may make all the difference. at humana, we know that's especially true when you're looking for a medicare supplement insurance plan. that's why we're offering "seven things every medicare supplement should have". it's your free, just for calling the number on your screen. and when you call, a knowledgeable, licensed agent-producer can answer any questions you have and help you choose the plan that's right for you. the call is free. and there's no obligation. you see, medicare covers only about 80% of your part b medical expenses. the rest is up to you. that's why so many people purchase medicare supplement insurance plans like those offered by humana. they're designed to help you save money and pay some of the c

hot china stocks as of late, some of the biggest and well known names are cooling off this morning alibaba beijing stimulus rally loses some momentum. you got those names moving well off their highs of the week as investors look toward further updates on any fiscal policies from beijing remember, markets in mainland china are closed this week for a national holiday a lot of these are these hong kong traded shares and then we're going to end with a look at tesla. those shares are cooling off as a nice run higher over the last several weeks. tesla reported third quarter delivery numbers yesterday that fell below analyst expectations. the ev giant is struggling with some of the pullback in demand this quarter as competition heats up in that chinese market. tesla is also, by the way, apparently halting sales on some of its lowest end model 3 sedans in the u.s. market as well tesla shares off 1%. i'll send things back over to you. >> okay. thanks, dom. new survey indicates consumers may not be as excited about iphones with a.i. as the street had hoped and steve kovach joins us now to break down

alibaba, i put this up there because we have this foam of gripping this around the world in regards toding at a 30% discount on a price-to-book value relative in the conversations you had on surveillance yesterday which is about u.s. fully valued pickup opportunities in china. either way mortgage rates are lower in these big players are bid in the u.s.. i leave you with a look at humana. we look at the ratings for trains and cars. when you're over 65 you look up the rating on your health care plan. the ratings drop on the humana medicare advantage product. so too to the numbers. 1.6 million customers is down 98.4%. ratings matter not just on the airways but on your health care package. lisa: i like how if you specify if you are over 65 and you're looking at ratings we will get there. adp out moments ago and investors there looking ahead to jobless claims. data from vanguard showing large u.s. employers are hiring at the slowest pace since june 2020. the team writing "we expect the softening of the labor market to dampen consumer confidence and real wage growth, resulting in below trend

and finally, alibaba upgraded care that name is up another 2.5%. let's stick with china.arking an equity rally and an optimism shift. dana telsey of telsey advisory group saying that chinese stimulus packages the largest since the pandemic. china is very important to the luxury goods industry, with the highest share at around 31%, followed by the u.s. just under 25%. good morning. dana: thank you for having me. jonathan: is it a real deal, is that the real deal? dana: let's see if it is the real deal. it propelled the stocks when it was announced. we will have sales coming up in just two weeks. they will not look good. overall, most of the luxury players, sales from china down 30% would not be surprising at all. jonathan: how weak has north america been for the stocks? dana: the u.s. has been weak for luxury, but not to the extent for china. it is single-digit weakness for the most part, and overall, the aspirational consumer is what is being impacted. we got the benefit, during covid, of stimulus being added to the aspirational consumer that you do not have now, and you

was first reported by bloomberg, and it also involves billionaire investor, joe sai, chairman of alibabaorted deal talks are happening weeks after the nfl owners voted to allow private equity firms to take stakes in franchises. it's going to be a whole new playing field for the nfl with regard to ownership, mika. it's pretty big. >> kind of big. while we're at it, let's go mets. dom chu, thank you very much. >>> the new documentary "leap of faith" challenges us to consider where we can disagree and still belong to each other in a divided world. we'll be joined by the film's award-winning director, nicholas ma, along with his father, famed cellist, yo-yo ma. that is all on "morning joe." we're back in two minutes. e bac. s everything to me ♪ and now i'm back in the picture. feel significant symptom relief at 4 weeks with skyrizi, including less abdominal pain and fewer bowel movements. skyrizi helped visibly improve damage of the intestinal lining. and with skyrizi, many were in remission at 12 weeks, at 1 year, and even at 2 years. serious allergic reactions and an increased risk of infe