this is two thirds of alibaba revenue generation. this quarter is anemic. the revenues they generate from third-party merchants grew 2% for the quarter. that's not the rebound investors were hoping for. direct sales from the platform declined. consumer sentiment in china is weak. this morning we have positive retail sales data from october showing they expanded 4.8%, fastest pace in eight months. take into account, these results came between june and september. during then, consumer sentiment is not on the mend yet. caroline: international growth. , how resilient in the face of geopolitical headwinds, dominantly in the u.s., anticipating a new administration which is not china friendlyz/ --? henry: the domestic e-commerce business has been weak for quarters and quarters. they have to find a new growth engine. it used to be cloud but that is sputtering for several quarters in a row now. it has shown signs of recovery but a long way to go. another way to expand his overseas. explosive growth in the u.s. alibaba, the focus has been on other asian markets, mala

i don't think the alibaba trade is over by any stretch.y itself, the stock is too cheap. >> long-term holder, long-term investor, bit of a trader. i do think the story around china is one where right now sentiment remains about as low as it can get after the -- everyone said it was a trade nailed it, by the way. let's be clear. round trip. it was a trade. alibaba i will continue to say with 340% of the market cap at cash is not a china macro call. i will also say the $17 trillion economy that is china i think we are underestimating the impact of what tariffs to the can do. >>> coming up, after hours action in today's session. instacart, spotify, occidental. details ahead. and a biotech beat down, amgen dropping. interesting data in the trial report. we will talk to the analyst who made that call. don't go anywhere. "fast" is back in two. >> this is "fast" with melissa lee right here on cnbc. ♪ (vo) with verizon, trade in any phone, any condition, and get iphone 16 pro on us. and, ipad and apple watch series 10. all three on us. only on ver

while both alibaba and jd.com did not disclose actual sales this year they said they are sent a records at this years week—long event that ended on monday. india will report its consumer inflation numbers later today. prices expected to rise for a 14 month high according to reuters. let's begin our correspondent from more. what is driving the prices up? the sinale is driving the prices up? the single biggest _ is driving the prices up? tue: single biggest reason is driving the prices up? tte: single biggest reason is food inflation because prices start to go up, vegetables are gone up to go up, vegetables are gone up significantly due to uneven distribution of climate and rainfall playing a big role. we are also likely to see edible prices going up because import duty has been brought in on edible oil. that is taken inflation to a 14 month high of 5.81% according to reuters economists and that really takes it to the upper level of the reserve bank of india's comfort threshold. going forward as well, economy still expect inflation will remain due to political factors on account of the f

while both alibaba and jd.com did not disclose actual sales this year they said they are sent a recordek—long event that ended on monday. have you ever wondered how the latest technology is changing our flying experience? latest technology is changing ourflying experience? the our flying experience? the airline ourflying experience? the airline passenger experience expoin airline passenger experience expo in long beach, california is the place to go. if you are curious about the latest innovations to help us enjoy the in—flight experience more. my the in—flight experience more. my colleague went to the expo and sent us this report. the airline industry _ and sent us this report. the airline industry is _ and sent us this report. tue: airline industry is soaring, revenues are projected to hit a historic high approaching $1 trillion. how are carriers channelling this influx of cash into the next chapter of flying? 0ne into the next chapter of flying? one of the distinctive things about flying is the fact that the crew are all in uniforms but have you ever thought about the challenge of t

i will say this, if he got higher tariffs, alibaba would go down. why don't up handle that in the b block on friday. jerry in missouri? >> caller: thanks for taking my call. >> of course. what's up, jerry? >> caller: this car giant is staging a comeback and i'm glad to see some of my losses are being erased. over the last three weeks it's up over 50% on no news. this morning i sold an eighth of my position when it soared 16% from at the open. >> this is what you have to do. i am in favor of speculation. what you have to do when you speculate is when you have wins, you have to take some off. again, i'm not against speculation. i am not a skull. 90% would hate you are long hertz. not me. i think that's it's great you're in hertz. as long as you take a profit, then you're fine. otherwise i would join the nation of scolds. sometimes that's all it takes to push the dow to another record high including an appointment of someone that no one ever heard of two weeks ago. i am running through a three-part series about the signs of excess from across the tape

it will be tough for china because i think when you think about tencent and alibaba, they have been dependingdia but also amd and intel. now not having access to that capability, they will have to rely or on internal development and small start—up companies that for the most part have still had access to supply from taiwan. over the coming quarters i think you will see more constraints and export control even on some of these start—up companies in china today, so it will be a struggle for china overall. jaguar has stopped selling new cars in the uk ahead in other news — meta has cut the price of ad—free subscriptions by a0 percent for users in the eu as it looks to meet regulatory demands designed to curb the power of big tech companies in europe. meta's ad—free subscription service was introduced in the eu last year, after the company was fined over $400 million for breaching privacy laws. jaguar has stopped selling new cars in the uk ahead of its relaunch as an electric—only brand in 2026. any remaining cars in uk dealerships will be sold as second hand vehicles and no new cars will be ship

it will be tough for china because i think when you think about tencent and alibaba, they have been dependingst nvidia but also amd and intel. now not having access to that capability, they will have to rely or on internal development and small start—up companies that for the most part have still had access to supply from taiwan. over the coming quarters i think you will see more constraints and export control even on some of these start—up companies in china today, so it will be a struggle for china overall. a number of australian airlines cancelled flights to and from bali due to an ash cloud caused by nearby volcanic eruptions. flights from jetstar and qantas have been cancelled while some virgin australia flights have been impacted. the volcano has continued to erupt over the last two weeks. shares of a few delivery company in india listen about it our, the second to go public. these companies revolutionise how urban indians ordered food but it's the groceries livery operations that are driving revenue growth. bbc is nicola has more. it looks like i have run out of milk for my moulding co

it comes after pdd�*s main rivals in its home market, alibaba, also posted disappointing results in thet the markets. if we look at europe we are seeing stocks higher across the board. that is all we have got time for. stay with us here on bbc news. hello from the bbc sport centre. in the last hour, new manchester united manager ruben amorim has been giving his first press conference since joining the club. united sacked erik ten hag last month with the club lying 13th in the table and without a premier league title in over a decade. but former sporting manager amorim believes he's the man to turn things around. i believe i am a dreamer and i also believe in myself, i believe in the club, i think we have the same idea, the same mindset, so that can help. but i truly believe in the players also. i know that you guys don't believe a lot in these players, but i believe a lot. i think we have room to improve and i want to try new things. you guys think is not possible, i think is possible, we will see in the end.

alibaba appointed a new executive to oversee its entire e-commerce operation.ding a new department that consolidates alibaba shopping assets making him most powerful person in the company after the ceo. baidu reported its biggest revenue drop in more than two years after china's economic -- the earning spot has fallen behind in china usage paid while its core business is losing ground to newer social platforms. coming up we are going back to the u.s. earnings story. nvidia, the impact on the chips sector. off by 1.2% for the world's most valuable publicly traded company. this is bloomberg technology. ♪ it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again

new filings reveal it added to the bets in alibaba growing the stake to $21 million burry doubled his in jd.com and added to the holdings of bai du. burry took a significant amount of put options against those names and what appears to be a long position hedged against short-trm short-term losses. the value expiration of those is not known. it is very difficult to ascertain what's happening there. >>> when we come back on "squawk," companies preparing for new tariffs when trump takes office. >>> later, jason furman will join us to talk about the trump economic policies. he was an vir inadse the obama administration he has a lot of provocative thoughts about what comes next beautiful shot live of the capitol right now. we're coming right back. (luke) alright, let's settle down, everybody. now that we have a completely new homes-dot-com with a beautiful new design— and the most in-depth info— all we need now is a new name. (marci) do we? (luke) so, we're gonna lock the doors and stay late until we find that name that's synonymous with shopping for homes. (marci) here's a wild idea: home

shares of alibaba down. jd.com and li auto. i want to turn back to the united states. we saw record closes for the s&p and also the dow. actually, the dow hit an intraday high. we showed the chart, s&p moving higher when jay powell struck a dovish tone. what did you make of the cuts and the impact of markets through the rest of the year? >> pretty well articulated they will be on a path to lower interest rates. i actually think with the new administration and given how much of it is pro-growth policies, they may take a pause on that to make sure inflation stays in it check. it is yet to be determined how tariffs will impact because that is a cornerstone of the incoming administration's policies of how to deal with china. perhaps what's going on in china is preemptive anticipating the things done by the trump administration might hurt a little bit. >> let's get back to the u.s. yesterday, we saw the russell 2000 close lower. this is an election week. we saw big small cap rally on the back of the election and the so-called trump trade. this is noteable. the cuts are a ta

be tough for china because i i be tough for china because i think when you think about tanson and alibabanotjust nvidia but also a and e and intel are now not having access to that capability they will have to rely or on internal develop about doing and small start—up companies that for the most part have still had access to supply from taiwan. over the coming quarters and yet i think you will see more constraints and export control even on some of these start—up companies in china today so it will be a struggle for china overall. speaking of softbank, the conglomerate's latest earnings report showed a profit of $7.7 billion in the three months to september. that's a turnaround from losses of more than $6 billion in the same quarter last year. that was mainly due to the collapse of wework, which softbank heavily invested in. meanwhile investments in chinese tech companies like didi and bytedance have helped softbank�*s balance sheet this year. the stock though is trading lower injapan this morning. meta has cut the price of ad—free subscriptions by 40% for users in the eu as it looks to m

. >> all right, guy, you're next >> in early november alibaba went from 83 to 117.hat move whe it was 115 and said you've got to sell some up side that was short lived you know what, we've round tripped the entire move. if you've been waiting, here's your opportunity so the chart of the week for m is alibaba on this pull back right at the trend line. if you've been waiting to bu the stock, now's the time. >> tim, you're nodding >> i think that's a great call guy's kind here, i was selling up side calls in 120s, but i owned the position i've written back the underlin even though i did take advantage of the high ball they've got 45% in market cash i like baba. >> julie, your turn. >> i'm interested in the move we saw in celsius a company that has stron distribution advantages in its relationship with coke 70% incremental shoppers in th energy drink category that weren't there before they're called women and i think what's bee interesting is it's been clearly mismanaged up until this point and what we're seeing is probably potential for activis involvement. this week t

and vip shops and the big one on friday will be alibaba, and i think it's the q4 outlook. what are these companies seeing from chinese companies and are they seeing proverbial green chutes with the stimulus measures? >> these are companies that can do well this year and tencent is up 40% so it's participated and alibaba with 20% gains. what happened during the first trump term to a lot of these companies and their stock prices? >> things did get a little bit more volatile, but they did perform quite well. kweb, our china etf outperformed -- outperformed under president trump than president biden and that's not exactly fair because of zero covid and other issues, but we think there's an opportunity for the u.s. and china between president trump and president xi, their special relationship that they have and mutual respect that they'll be able to find another deal. we really do believe the chinese are willing to do a good deal for president trump and the american people and we really think it's underestimated and how willing are chinese companies willing to come and build fa

alibaba and jp morgan helping to drive sales. november volume just below $85 billion.ales have climbed to the second highest level on record. i want to mention one sale this week that did not happen. a $600 million offering was scrubbed after prosecutors charged a founder involved in a bribe plot. back to credit in the united states. blackrock saying strong growth can support these tight spreads. >> i think the net net of everything is corporate credit is it a good place. it all boils down to growth. if we have the support of growth backdrop, continuation of yield base support and favorable technicals, that is a recipe where credit can state and range or move tighter. vonnie: joining us now, lotfi karoui and steven oh. it is a challenging valuation environment. what is good about it? lotfi: we are going into 2025 with the most severe valuation constraints for spreads over the last 40 years. why would you buy credit at this level? i think you buy it for the yield support. the base rate which is driven by the treasury curve and is quite attractive. under a conservative a

the cloud team at olympic tech partner alibaba has been working on projects that transform the way broadcasterse action. the cloud and the altogether, all of this technology can support so many things like that automatically. the clever photo finish cameras, the smart energy for venues and bao, a virtual helper for fans, all ran on the cloud. is it the bao like the... like the bao buns? yeah, yeah! who won the men's 100m at london 2012? ..2012 london olympics was won by usain bolt ofjamaica. - its large language model understands even complex questions. if i was to race usain bolt, but he could only hop, would i win? athletic ability and distance will still play a role in - determining the outcome of it. well, i don't have any athletic ability, so i think he'd still beat me. the cloud combined with al is going to be key to the future of broadcasting. here, olympic partner intel is using its al to generate tv highlights live, an incredible thing to see. i can see things are popping up in real time, so this is actually generating highlights right now. that's right. it takes an input of the live s

economic weakness also spurring sales for alibaba singles day campaign.t off with trump and what really the expectation are. we seem to have a more positive view on what may ultimately happen. why is that? >> our expectation was that the markets would dip post-confirmation of the trump victory and that's just given the expectation that there would be a hard line coming out the gate with regard to tariff figures, but overall i think that there is a silver lining here which is trump will be a lot more transactional, a lot more pragmatic and a lot more realistic with china in the long run as he seeks to probably levy another deal like last time around, all kinds of issues from trade imbalances to ip theft and reshoring, and i think that will ultimately lead to a more stabilized relationship, economically and politically with china than what we experienced over the last four years under biden. >> so that would ultimately be, i guess, a good thing to build from? what do the chinese do in response? do they wait for more stimulus, for example, until they have a

alibaba go up?as it because of consumption? consumption of the stock, because you can rig anything it's one thing we're certain -- well, no, other than when michael corleone -- the second thing we're certain is that you can rig markets. why don't people say that? why can't we admit that the markets are rigged and the numbers are rigged >> it's a big part of the apple story, but bottom line, this quarter, is it a push on apple >> i thought that europe was surprisingly strong. bookings, europe, surprisingly strong it is the story. it's the pigs, by the way. portugal, ireland. italy's getting some good numbers. i really like what's -- greece i like what's happening in southern europe. northern europe's still a little conflicted because of russian gas, natural gas, but i think the -- the story that's coming out that no one's talking about is that europe with a major comeback just a major comeback. and people have to realize, stop focusing on germany, which has problems with tariffs. start thinking about

it's like alibaba is cave, the volt containing the earth is treasure as often as the mineral world in all its splendor, with all its colors and radiance, with an incredible number of geometric shapes. quite the universe of astonishing shapes and transparent seasons. a subsea 1500 samples on display here at the soap on university collection in paris. thanks to these specimens, scientists. so being able to discover what is happening right under our feet. 2 municipal up. so the more quite the purpose is sort of the little bit of these minerals are just incredible or should be developed on a run space with a cavity that allowed them to develop their own shape. like these beautiful circular quartz crystal small method. you all share on this, so these magnificent saw her crystals look like i'm in candy symbols pool. so don't have to dispense do they were created in the earth thunder. very special conditions which allowed them to form like this . i know i'm not the parent of to hush, no human took a piece of rock and then polished out these incredibly precise geometric shapes. pacific not to

as to pdd, the competition is stepping up with domestic business in terms of jd and alibaba but also oversees for temu because amazon is stepping up its game. the company said for a second quarter in a row that it needs to step up investments to keep up its game versus competitors. and we have been seeing this and the results as well because the margins have been trending downwards for this quarter. and these two reimburse more in terms of merchants giving merchants more perks and reimbursing merchants for food and costs and lowering technology service costs as well. clearly, it is reimbursing the margins going down and it needs to keep up growth to invest more and that has hit investor sentiment. caroline: let us broaden out the conversation. the chief investment officer is with us and we want your read across generally sentiment around international technology names. when you look at china, with the etf that you manage there are some companies with exposer to -- exposure to china. how do you feel about the company and consumer? >> we do the stock selection pretty carefully and we l

for example, shoppers increased by 20% while premium shoppers on alibaba platforms increased 50%.hese are all selective disclosures. alternative data, for example third-party providers, increased by 27% year-over-year. we have to take that with attention of salt, because these days e-commerce platforms are elongating their double 11 discount period to almost a month. that data needs to be taken with a pinch of salt. the macro is still weak in china and the housing market is in a downturn and consumers are cautious. caroline: is singles' day losing significance? henry: you can say that. the singles day has been running for almost a month. it came right after the national day holiday, early october. you can say that those two events are packed up along with each other. in the meantime, we are having other shopping events through the year, like 618 which is another event that people are watching about. there is indeed a shot for fatigue -- shopper fatigue because there are so many discounts all over the year. caroline: we appreciate it. let's turn our attention to snap. shares are un

home depot, disney, cisco and applied materials and alibaba.investor summit this wednesday to help you deliver meaningful returns. to sign up, go to cnbceve cnbcevents.com/deliveringalpha. >>> and the dow pulling back from its highs of the morning looking like it would open 150 points higher. the s&p higher. the nasdaq higher as well. i'm getting so excited because you're here, jay. jay woods. i love having you here. >> good morning. >> after an eagles win. >> over dallas. yeah. >> give me your word of the day. how do you see today shaping up? >> we have to exhale. with last week and all of the headlines and getting through the election and uncertainty. we got certainty and now we can focus. things have started to play out like we thought they would this time. we didn't have the bigger drawdown going into the election through august, september and then into october. now we can focus on what stocks will lead us. we got some nice pop last week, but things have been playing out. i think regardless of election results, we were going to take a leg h

readout, may be looking ahead to earnings later in the week from the tech names including tencent, alibaba. they are expected to show growth coming through for the quarterly revenues. they're supposed to show that's being sustained. the hung saying, which lost her. let's take a closer look at the fx space because, as we see, the nikkei is not faring as badly as the rest of the region. we take a closer look at the currencies of the yen is weaker. this is a lot to do with the japanese political backdrop prompting people to speculate that the boj is going to be hesitating on rate hikes. to reduce the interest rates they have to pay, so they can sell back all the bonds sold by these because i government organizations, you have to -- these quasi-government organizations, and the local governments can borrow at a cheaper rate, so they are reducing their interest rate payments, and there is going to be substantial -- in the aggregate, there will be substantial gains over the next three to five years, but, you know, for the very poor, the very fiscally challenged parts of the country, this is not

for our global audience, a lot of people watching this will not have experienced, particularly with alibababut also that consumer facing business. what's that experience like in china? is it akin to the amazon prime day in the united states? how do people rush to do their shopping? jacob: two things. one, people have had their eye on certain items for the year, like golf clubs or sporting equipment. then there are the people that stock up. pets have a lot to do with that, people stocking up for months in advance. you will see basically every advertisement on elevators and televisions promoting the shopping festival. combine this with the six/18 shopping festival, a lot of brands are expected to do about 15% of their sales during this online time, so it is substantial. caroline: you help global brands make inroads into china, south korea, what are they telling you about nervousness of a continued focus on china at this moment given the new administration coming in the u.s.? jacob: certainly, our brands have been asking for diversification throughout the region. we operate all throughout asia

i was just in saudi arabia and you see alibaba and huawei all over the place.o to kenya and thailand, china is the global trade partner. they don't need europe or the united states like they did seven years ago. i think europe has to get an action. the previous guest from finland is saying china needs europe. i actually think europe needs china. if they don't stop the derisking nonsense, we will face a decade, a lost decade in europe. they will have to have better relations in china. they will not get it with trump. >> shaun, that is exactly where i was going to go next. we have seen a lot of chinese officials upset with the eu tariffs imposed. what is the angle here with the trade relationship with eu and china given all of the developments in chinese politics? is there room for a trade agreement with china and the eu? >> i think there's great opportunities for europe and china to bolster trade. china will do limits. they might say caps on the number of export vehicles. they want to divide and conque the world. they want to buy from france and not boeing. they

jd.com and alibaba lagging here. don't read too much into this.e have seen a 3% rally for mainland blue chips. stocks in shenzhen falling today, of course, investors looking out for the devil in the detail of the latest stimulus measures announced by beijing and assessing exactly what it's going to mean for the economy moving forward. let's get you one take on that. rory green is with us at ts lombard. rory, we have seen a 1.4 trillion yuan package over the next few years. i want to know what this means for the chinese economy. does it go far enough to address at least the headline of the issues which is growth and, number, two, what does it mean for investor confidence in the world's second large of the economy? he he hello, sir. >> good morning. good start. these measures are not going to add much directly to growth, but they are removing a growth drag. the local governments are hammered by the loss of revenue land sale. that sis a major drag on growth with the property and hits to consumer confidence as well. these measures, which were interpre

alibaba down 6%. overall, this bull run for most equities is pretty epic with the s&p having its best year of -- week of the year, russell 2000, best week since june of 020. of right to the floor show, let's spin it forward. stifel chief policy separate gist brian gardener and art hogan. art, i was looking at your notes. i think you had a year-end target for the s&p of 6,000. and here we are a month and a half early at 6,000. are you already changing your outlook, or do you think it kind of middles around here back and fort? >> yeah, i think it's probably too late to be making major changes. we have to come out with our 2025 the targets pretty soon. i would say, i think you and i talked at the beginning of the year and well into july, and you thought i was being aggressive with that target. so it felt pretty brave for most of the year, but certainly glad to see we're able to ride the wave of better earnings growth, economic growth and, certainly, a fed that has finally pivoted to move the s&p higher f

alibaba is up near $100.cymakers -- i'm not saying they're scrambling, but it seems the frequency of these announcements, with your insights into they realize this matters to the population, who really, that's all they're trying to do is manage the population. and i would think this could mean something bigger. >> yeah, i think those are all great points, tim. i've been trying to talk about this more in terms of stabilization versus stimulation. this is not the big juice. but the party does realize, the government realizes there's a serious problem. and you have seen a shift in the way they think about addressing this. but, again, that only goes so far. we're not going to see that 2015 that we've been longing for, where they're just going to really over-juice and stimulate the economy. they're trying to do a lot with this package. we'll see what happens on the 8th of november when it's announced. i hope there's something in there for stimulating consumers. this is going to be a slow walk, tim. i think we're s

shares of chinese e-commerce giant alibaba slipping after seeing a 60% bump.coming in below expectations and super micro shares with a late day comeback to finish in the green the one-time a.i. high flyer in danger of being delisted the stock down more than 85% from its march peak. karen, you got lured into the super micro story. you're out now, right? >> i'm out i sold puts -- >> so "fast money" of you. >> it really was >> it was unusual but we were talking that day wow, the more you read -- >> -- the worse it sounds. >> i don't know if there's some covering certainly there's been a lot of money made to this point do you think they're going to have a hard time -- >> they have to get an auditor >> a good one. >> a decent, reputable one >> that's going to be very hard. getting the financials out if they hire one that will be good i don't have any skin in the game or opinion at this level. who knows? >> baba, tim, following jd's earnings >> it was a disappointing week to be invested in china but i've always said i think baba is a bottom-up story and i'm less con

while alibaba stock is falling about 3%, while earlier it was down 3% now down 2.5% following the secondquarter earnings report out this morning. us listed shares of the chinese e-commerce giant missed analyst sales estimates and the ceo said you know what? chinese a's e-commerce competition remains intense. that be j. d..com which yesterday fell because it blamed the weak chinese economy. from baba to warren buffett, berkshire hathaway, those guys must be planning a great party. 13 f filings show the conglomerates taken a new position in domino's pizza and pool corporation. both companies, swimming pool, pushed higher on the news but domino's since pulled back down under just 1% and pool up two-thirds of a percent, also off its session highs. there's a new player on the nasdaq and it's palontier stock announced late last night they are moving from the new york stock exchange to list on the nasdaq. palantir up about 8.25% right now the data analytics software company expects eligibility to join the nasdaq 100. big news for investors who use that index as their benchmark. and it's fight n

stuart: chinese retailer alibaba. i know they reported before the bell. how'd they do?a.i. cloud growth. think of this as the amazon of china. you have a slowing chinese consumer that puts pressure on the retail business but cloud growth wins again. you're up about 7% year-over-year all thanks to, you guessed it, a.i.-related products. stuart: taylor are, take a look at the big board. where are we now after just 5 minutes' worth of business? we're down 160 points and there are the winners on the dow. we have disney up again. jpmorgan chase, verizon, travelers and one more, i can't see it. bottom of the list. it's up. here are the s&p 500 winners. topped by dex come, pool corporation, domino's pizza, of course, and disney on that list as well. nasdaq winners, what have we got in top of the list is dexcom. fortnet, starbucks, american electric power on the list. the 10-year treasury yield, where is it? it's the almost at 4.5%, 4.48. going up this morning. the price of gold, where is that? well below $2600 an ounce, 25 the 75. bitcoin hovering around $90,000. dropped back

this is a recast alibaba. i leave you with a slice of pizza for the weekend. domino's.ice, this portion they have taken is under a billion dollars. warren buffett usually doesn't get involved for less than a billion dollars. there you go for a friday. jonathan: you don't strike me as a domino's guy. manus used to say to us, no cars before mobs. shares of vaccine makers following after donald trump taps robert f. kennedy, jr. to leave the department of health and human services. he says that kennedy is known as a vaccine skeptic, will take on the health crisis in the country and make america healthy again. annmarie: there are two visions with rfk, those that like what he has set about the health, additives that we have in processed food. he has talked about things like froot loops. that it comes to the vaccine skeptic issue that a lot of people may have an issue with. isaac pulled hands he thinks he gets through. the senate cannot say no to everyone donald trump put in front of them. the one that is most likely not going to get through is matt gaetz. dani: this is why i

stocks like renovo, j.d.com and alibaba, under pressure as well. what does it mean for china? of a.i. premium comes out of the china tech. so you sit here today, super bullish for u.s. tax, bearish, i'm talking about bears coming out of hibernation mode for china tech. >> on evs with tariffs on them here in the u.s. but a potential trump re-election what does that mean for the chinese and basically north america, does that stop any plans that they have to manufacture the evs in the u.s. and does it change plans for the other side of the world? >> yeah, that's why ford, gm, some of these other names are up today because it feels like now that's not going to happen with trump in. clearly bearish when you look at bwo and others, it just speaks to others, there's a spread chart of possibilities that go out here. ultimately, big tech, tesla really on top in terms of benef beneficiaries, in terms of the scenario of what we could see playing out. >> one other stock you want to talk about is palantir, how does palantir play into this. commercial business growing. a defense contract, e

so, those who are playing this game, you probably want to buy alibaba because it's down, betting thereill be still one more. they'll keep stimulus going, carl, until they win, and they have a command economy, and i think we keep thinking that, well, it's one and done. david, they're in too much trouble to do one and done. you know that. >> yeah, but they're not doing what many had, i think, hoped when there was the initial pronouncements. >> you're right. >> and you have referenced tepper, of course, who was on our air that day. >> i'm familiar with his position. >> but since then -- >> i mean -- he's over in munich, by the way. >> getting ready for the giants? >> yeah, pretty interesting. >> since then, there hasn't been as much as might have been hoped based on the language at the time. now, this is designed to basically swap government bonds for some local debt and therefore -- and reducing the debt load, making it a lot easier and more transparent, clearer and helping the balance sheets to some of these municipalities, which have gotten overloaded with debt that they took on to hel

we're going to hear from disney, cisco, spotify, jd.com and alibaba. to be his administration's border czar, the former acting director of the u.s. immigration and customs enforcement. he's a visiting fellow at the heritage foundation. a contributor to the project 2025 mandate for leadership book. the truth social post announced the hire. trump also saying homan would be in charge of all deportation of illegal aliens back to their country of origin. lots of questions, of course, about how it will be executed and what its impact will be on the economy. >>> elon musk endorsing the idea of allowing presidents to intervene in federal reserve policy. more than that. he responded to a social media post from republican senator mike lee that called for the fed to be under the direction of the president. senator lee ended his post with the #endthefed. he also believes that the concept of the fed may be unconstitutional. musk responded with the 100% emoji that's used to convey agreement. >>> checking the futures this morning, up again, 183 points of upward momen

the reason why i picked alibaba is what has been done to shore up the defense of the rome of the consumerunited states of america. here we are, consumer stocks. you don't know what the terrorists are going to be, you don't know what the politics are going to be and right now the stimulus doesn't look as if it is on your side as a consumer. jonathan: good morning to you. thanks for bringing up that stock. just a bit softer in early trading. i think it is interesting, the excuse that china is trying to save this ammunition for 2025 because they don't know what the policies going to look like don't you want to get ahead of that? we talk about stuff when it comes to policy. don't you want to do something about your domestic economy and make sure it does have that resiliency to have things thrown at it? lisa: not to be a little cynical, but people have been making excuses for why we have not gotten stimulus earlier, and then they say, you see the effects of what has been put into place. and you have to start asking, do they have the capacity and willingness to put into effect the type of stimu

there is expectations the company will stand out against his rivals alibaba and jd.com that grapple with in china. apple plans to announce a new smartphone device. sources tell bloomberg the wall-mounted display can control appliances, handle videoconferencing and use ai to navigate apps. tim cook has made the company after trailing behind alphabet and amazon in the smart home area. the product may officially be announced in march and could be priced at as much as $1000. that is your bloomberg brie. jonathan: born about 30 minutes. up next, game on. >> i see in the states, the majority of the m&a activity at the moment and is likely to be that way. if it is game on. jonathan: citi up most 11% in six sessions. we will talk, the banks up next. -- about the banks up next. ♪ jonathan: but few programming notes. the cpi drops 8:30 eastern and then we will hear from neel kashkari, the minneapolis fed president. look out for the conversation. friday, u.s. retail sales on deck. we are down a quarter of 1%. bond yields a little lower, down two basis points. under surveillance, game on. >> i see i

chinese etf and alibaba and others. >> a lot of stimulus.timulating ourselves yesterday with jay powell and another quarter point -- or this week, eunice. i don't know what that does. it's a time that i think is fraught with uncertainty. we say that more than usual. can you update us on what kind of relationship we'll see with the president-elect and president xi? that's a weird one. trump has said verycome complementary things about xi. exert so much control over so many people. you have the taiwan issue. we want -- we want to on-shore a lot of stuff. can you sleep at night? there's a lot for you to be thinking about. >> reporter: well, there's definitely a lot of uncertainty and several research houses expected this stimulus plan could even be bigger than what the policymakers originally wanted. nomura said it could be 10% to 20% larger than expectations. we don't know if that will come to floor. we will wait to see if anything else's is announced. in terms of the relationship of president xi and president-elect trump, tariffs. president-e

he said boycott amazon, which the competition versus alibaba, not in the u.s.companies. i haven't seen anything like that, but i will say -- >> do you think there is a silencing on both sides or no? >> no. but i'm so glad you raised the silencing issue. if you go back, as you wisely did, 20 years, 5 years, 10 years, we went back 100 years and guess what we found. almost since lincoln, because these union leagues in new york and philadelphia and new haven and all were business clubs to support the nascent republican party is that for a century the republican party has been very much supporting the candidate -- the presidential candidate, the gop, from the business community and guess what has happened now? it is starting in 2016, where it used to be at least half or financially supporting and vocally supporting, it fell to zero, not a single fortune that as you know put it in this -- all this data in "the new york times" back in june and they republished it this week, it is not a single major ceo, you know, the fortune 100 we're supporting until elon musk came a