alibaba, baidu, et cetera.only cover china, but the continent of yash asia. >> how are you seeing the opportunity in china? >> i like chinese tech. if you look at, you know, for example, a company like alibaba compared to amazon, it took quite a while for amazon to have the prolific rise. alibaba hasn't been close to that type of rise. i'm bullish on chinese tech given 1.4 plus billion people there and the opportunity they have around the continent of asia as a whole. >> mark smith. great to see you. thank you very much. >> happy holidays. >>> before we go, here's what to watch. we get the latest read on retail sales and on home builder sentiment. the kickoff to the markets. the federal reserve kicking off the two-day policy meeting. according to traders, a 95% chance of a cut tomorrow. what is the tone of the jay powell news conference? we have to wait and see. all morning long, futures have been in the red across the board. a bit of a change. nasdaq moving higher up ten points. the dow would open more than 10

just alibaba? >> everything. everything. >> this looks fake to me. >> what is your workout regimen?moving, moving. >> we have takeoff. >> we are live from the new york stock exchange. >> the best days for stocks two years as president trump is electriced ed elected once again. >> bitcoin on a tear. ♪ we will be there for you ♪ >> we have a superstar in house. >> he just walked in the door. >> this is the greatest show on earth. >> don't ever give up because if you rest, you rust. i've lost 228 pounds on golo. i'm able to enjoy my life and keep off the weight. that's why golo works so well for me. golo has been really empowering for me. i just recently purchased my first swimsuit since high school. golo's different. it's smarter, it's better. it will change your life forever. golo is the only thing that gave me this. it gave me back me. go lose weight, go look great, and go love life. head to golo.com. that's g-o-l-o dot com. >>> we had our problems at prime the first year. we got it under control. i do know that everybody was complaining about the quality of the picture and bufferin

i am still in alibaba. collecting some premium is great. i believe in the long term trade. there's a lot of people patting themselves on the back and they are right, which is what carter said. a lot of people said feed this move, it's not big enough. i think they are waiting for trump to take office before they really unleashed. why would you do it now, why would you bring up some of your biggest stimulus when you don't know what exactly going to? >> the big zebra, alibaba. >> it has been a great trade but this goes back to what you were saying about the other parts of the world. the valuations are so low, where are you going to get alpha in this market, are you going to continue to buy into what might be perceived as a valuation bubble in the u.s. or are you going to look at fxi? i am just looking at eem, tencent, samsung, alibaba, that is good exposure that some underperform, something that i should be up the way it is. eem looks interesting to me. >> it is not just a, it is europe a lot of these markets have been left for dead, so to speak. u.s. fields a little over righ

so let's take alibaba first. what is it with that company that so much excites you?ow, alibaba is the leader in china and e-commerce is also leading cloud computing play in china. it's been out of favor for many years. stocks trading around 90 right now which is only about ten times next year's earnings. it's got a lot of cash on the balance sheet. about a quarter of the market cap is right now in cash. and it looks like the chinese government may be taking a more favorable attitude toward the homegrown tech companies. the big issue, though, is china, its economy, how well it's going to do and also how the trump administration is going to be dealing with china. i think there could be more bark than bite with trump on china. so i think it's an out of favor company and it's pretty well run. >> now you also have a luxury play here a little bit lvmh. you know i'm really interested here because again it also has exposure to the chinese economy, particularly with that consumer segment. where are you seeing some value in this play? >> well, i mean, lvmh, you would think wou

. >>> shares of alibaba down as the company makes plans to sell.t. need a last minute gift idea? get the weathertech gift card! for laser measured floorliners, cargo liner, pet feeding system or the new garage wall protector. get your gift card instantly at wt.com >>> welcome back, a fun edition of power lunch this coming monday. stuffing your stockings with stocks. all hour long traders strategists and analysts will give you your top pick for 2025. let us know on social media which names you in particular want to hear about. it'll basically be an entire hour of three stocks. it'll be like 30 stocker. >> why should we wait until monday to give the people that they want. one stock we heard for you is alibaba. here is president and cio lee. after a drop the stock is down. >> why is the stock down? they've made a full list. the economy is not strong enough. now they're saying, we're going to pivot we're going to sell some of our stock. i don't think this is going to work. i think you just keep walking. >> all right. >> what about what comes after baba

alibaba in the news.ter they agreed to merge the south korean operations with an e-commerce platform and the move intended to help them better compete in the fast-paced retail online sector. this is according to a stock exchange filing which confirmed a report. our report is getting the scoop on the steel. people familiar with the matter say it is estimated to be at $4 billion. a little move on alibaba, up 11% in valuing the firm at $200 billion. david: my good from -- friend from high school the creator of alibaba, he just retired and is having some fun. how about in terms of any sectors you are watching? alex: it has been an incredible year. it is taking a look at the s&p 500 leaderboard, 10 of 11 s&p sectors in the green. some are winners are consumer discretionary communications and the sectors that house the so-called magnificent seven companies, nvidia, tesla all in the names. financials is also a winning sector with investors expecting deregulation, and utilities benefiting from the ai frenzy, one

and alibaba, for example, filled that entire gap that was created on the way up in september. now we filled them. i think that alibaba easily goes back to 100, which is a 50% retracement, but i'm thinking we take out the 120 early next year. >> this is going to continue to be something with the trump administration, there's going to be issues with u.s./china relations. and that's where companies are going to have exposed. you have an nvidia, they already can't sell most of their advanced chips to china. 12% of their revenue is in china. i don't think it's as much of a concern for them. i still like emerging markets in the long run. i think the china aspect of it really takes over the whole, you know, people say, i don't want emerging markets at all, but it's still over 50% of global gdp and only 10% of market cap. there's still a lot of opportunity there. yes, there's going to be sort term political headlines, but in the long run, you want to take advantage of the opportunities. >> the move in fxi has been hysterical. the biggest in flows on record in october, biggest outflows

let's take alibaba first. what is it with that company that so much excites you? e-commerce, leading the cloud computing play in china. it's been out of favor for many years, stock's trading around 90 right now which is about 10 times next year's earnings. it's got a lot of or cash on the balance sheet, and it looks like the chinese government may be taking a more favorable attitude toward the home grown tech companies. the big issue is china and how the trump administration is going to be dealing with china. i think it could be more bark than bite with trump on china, so i think it's an out of favor company, and it's pretty well run. >> now, you also have a luxury play here a little bit here, lvmh. i'm really interested here because, again, it also has education r exposure to the chinese economy. where are you seeing some value in this play? >> well, you would think they would be having a strong the year given how well the markets are doing and how much wealth is being created in the world, but it's down about 20%. china's been a problem, probably the biggest mar

the cloud team at olympic tech partner alibaba has been working on projects that transform the way broadcastersthe 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 sports com

his investment includes alibaba arm holding yahoo! tick tock uber t mobile in video doordash and we work just to name a few. alok many people dream of recreating their personal and professional lives and you did it. so let's talk the book. i guess the best way to start here is to ask you about your journey and why you wrote this book. well, first of all, thank you for doing this. i, i sprang this on you, but it's a it's good to be here among a lot of familiar faces, a lot of friends, a little bit of family to answer a question why this book? i, i wanted to write. it's a bit of a high school passion and grew up in india and being able think about, you know, the idea of a career in writing was kind of nonsensical. the first thing you had to do prior to number 1 to 10 was to figure out how to make a living. it's something that was tucked away and at the ripe old age, 58, 59, when i left softbank, it was a case of no one, never. so i enrolled at the and i wanted to be in new york and i wanted to get i wrote a little bit, but i knew i had

alibaba and jd.com and u.s.side. >>> apple said the design software update will be released today and finally let siri talk with chatgpt. our steve kovach is here with details. how important is this for apple users and by extension, apple shareholders? >> it's a big one for openai, dom. the launch could come today. that's chatgpt coming to the iphone. it is integrated into the software. this was announced in june at the worldwide developers conference. since then, a lot has happened in the openai space. openai is a $157 billion company after the fund raise. it has been shedding top executives and cofounders. mira murati and others over the last few months on the screen now. it is facing new legal threats including from elon musk whose rival xa.i. is suing the company saying it abandoned the not-for-profit mission as it transitions to for profit. bloomberg reports that apple is not paying openai for the partnership. openai can still benefit. it means openai is getting exposure to tens of millions of iphone users

partly at the expense of alibaba and jd.com. bring it home to meta here, because it has just donated one million dollars to donald trump's inaugural fund. it is part of an effort to build a positive relationship with the administration. kurt wagner joins us now. first of all, only $1 million. this is a drop in the pocket of what medic could afford, but it is a signal here. kurt: this is symbolic, right? this is not about the number of dollars going to this fund. it is a signal from meta and mark zuckerberg that they are supporting the incoming president. we have seen zuckerberg move in this direction over the last couple of months. he has reached out to trump on the phone. he had dinner at mar-a-lago with president-elect trump right before thanksgiving. this is a continuation of that, signaling that the company wants to build a relationship and get in his good graces. caroline: a lot is on the line when we are thinking about a potential ban of tiktok in the united states. they were even threats at one point that trump had a real

. >> go for alibaba. you're 18. don't fall behind the eight ball. do baba if you want to own china.o joe in florida. >> caller: jim cramer, the hall of famer. my question is j&j. >> this stock is 3.3% yield and has fabulous drugs, i know the whole drug stocks, the cohort is down but if you could get them for 14 times earnings, this is j&j, i do want to buy it down here. drug stocks are way out of favor. we're not done. to sean in rhode island. >> caller: booyah jim. >> triple booyah. >> caller: my question is netflix. is there any more runway. >> you bet there is. netflix is a subscription business. i'm going to throw in spotify, and amazon. and costco. those are the four. i may do this in the piece tomorrow. people don't watch every single show. and that, ladies and gentlemen, is the conclusion of "the lightning round." >> announcer: "the lightning round" is sponsored by charles schwab. >> coming up, is this market forgetful when it comes to the data center thesis. cramer is jogging its memory, next. [cheerful music] [phone ringing] not all multimillionaires build their wealth the

just alibaba? >> everything. everything. >> it looks fake to me. >> what is your workout regimen?all about moving, moving, moving. >> i will push this button. we have takeoff. >> we are live from the new york stock exchange. >> the best day for stocks in two years as president trump is elected once again. >> bitcoin on a tear. ♪ i'll be there for you ♪ ♪ >> we have a superstar in house. >> he just walked in the door. >> this is the greatest shown o earth. >> don't ever give up. if you rest, you rust. and unforgettable scenery with viking. unpack once, and get closer to iconic landmarks, local life, and cultural treasures. because when you experience europe on a viking longship, you'll spend less time getting there and more time being there. viking. exploring the world in comfort. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. ♪♪ with powerful, easy-to-use tools power e*trade makes

in the llm world, you see open source from china and alibaba and deepseek, another company making thepen source models. on the open face, you see the chinese models are the most popular downloaded. q 1 is easy to use and the capabilities are good and there's plenty more you can do with it with the other closed models as well. if you think about the open source, it is the way for chinese companies to push globally. it almost is trying to become one of the key players in the large language model space. that say key development so far. it is all happening despite the restrictions we have seen from the u.s. on american companies shipping the advanced chips to china. one aspect of the story one analyst told me the chinese companies have been stockpiling nvidia chips in anticipation of the restrictions. they don't require the advanced chips as well. that is an interesting thing to watch for 2025. all in all, it is an interesting time in the a.i. space. you see chinese coming out with the innovative chips to rival. >> absolutely, arjun. to read the entire article, go to cnbc.com. >>> brandte

. >> caller: hue do you feel about alibaba in 2025? >> baba is the only chinese stock i am recommending. i'm working on a piece, you'll hear it later on, about the idea that maybe president trump is going to do -- president-elect trump is going to do something more creative than president biden did when it comes to china. let's go to mike in my home state of new jersey. >> caller: big hometown boo-yah. i'm recently retired. >> there you go. >> caller: listen to your advice daily taking chips off the table. i'm talking about at&t for growth and income. >> i've got to tell you i've been impressed. i was not impressed at one point and then when somebody gets it right, if they were doing it wrong and getting it right, here's what i say, thank you and great job at&t. i think if the market's going to look for a santa claus rally, the sleigh will have to wait until after next week's fed meeting. on "mad money" tonight, speaking of santa, deck the halls? how about decking company azek, that's up 40%. then tech player service titan soared on it

. >> i think alibaba might have done enough work on the downside to take a look at. ank u in blicep. thyo >> my mission is simple. to make you money. i am here to level the playing field for all investors. it's always -- and i promise to help you find it. mad money starts now. hey, i'm cramer. i'm just trying to make a little money. my job is not to entertain but to explain what the heck is going on here because it's crazy. call me at 1-800-743-cnbc. that's it. i give up. bit. , you win. now you can say i called or cramer is giving up on stocks. just swapping into something. something that loop since july 27th with the president-elect give you the high side . so on the date where the dow lost 248 points, after big coin trounced the hundred thousand dollar level. before pulling back today, i want to discuss big coin. really, i do. but in addition to stocks. i have come to praise been coin, not bury it. first, let's just spell the idea that i never believed in between. now if use searched youtube, you can see that i first bought bitcoin when it was just over $10,000. s

. >> i think alibaba might have done enough work on the downside to take a look at.u money. i am here to level the playing field for all investors. it's always -- and i promise to help you find it. mad money starts now. hey, i'm cramer. i'm just trying to make a little money. my job is not to entertain but to explain what the heck is going on here because it's crazy. call me at 1-800-743-cnbc. that's it. i give up. bit. , you win. now you can say i

alibaba up 10%. the i shares, fxi up 9%. this is all after the government there, the poll it bureau pledged to do more to stimulate the economy and get things going economically. and the world's second biggest economy, and keep an eye on those shares, speaking of china, one of our u.s. companies, nvidia, a massive one is taking a hit of 2% after regulators in china said they are looking into possible or alleged antimonopoly type issues here with nvidia. could they be the target of regulators there because of moe notary public -- monopolistic practices? maybe. a lot of stuff going on. interesting that it was a record high for the nasdaq composite earlier, and we pulled back. i'll send things back over to you. >> one record after another. >>> bitcoin is lower today, we have seen a massive increase in crypto values, and it's having an impact on spemd nding. the gains from the broader wealth effect is a factor the fed should take into account. they have the decision coming in two weeks time. steve liesman has a look at that. we'

yahaira: alibaba agreeing to merge itself with an e-commerce platform as it seeks to better compete in the online retail sector. the new entity could be valued at $4 billion and comes as alibaba has been seeking to expand the international footprint to make up for slower growth in chinese e-commerce. elon musk's deputy is going to be working for dolch in addition to davis' president of elon musk start out. he has helped elon musk with spacex. cleanup is underway under a crash site in kazakhstan. the aircraft was carrying 62 passengers to russia when it changed course to make an emergency landing in kazakhstan. that is your bloomberg brief. annmarie: up next, trump's feud over the panama canal continues. >> the fees being charged by panama are ridiculous, highly unfair, especially knowing the extraordinary generosity that has been bestowed it to panama. annmarie: the grievance list continues. that is coming up next. you are watching bloomberg surveillance. ♪ rock stars. oooo look look at my data driven insights, i'm a rock star. great job putting finance and hr on one platform with work

. >>> finally we'll end with shares of alibaba moving in premarket right now.erg is reporting that the transaction would value the new businesses around $4 billion and it's worth noting alibaba last week announced it would sell its chinese department store unit as it refocuses on its core e-commerce operations. shares of e-mart jumping about 5% on this news. >> thank you. seema moody. >>> now for the latest in weight loss drug news and the outlook for glp-1 drugs in 2025. barclays head of the european research. thanks for joining us. we' appreciate it. >> thanks for having me. >> all year long it's been an interesting divergence from the value of eli lilly and novo nordisk and in the recent days that was really driven home by the disappointing cagrisema news from novo nordisk. i'm wondering where you think that this divergence is warranted or do you think investors have discounted novo enough on the cagrisema news? >> yeah. so certainly the cagrisema news was very disappointing, but that was really relative to a bar that the company set with investors in that t

alibaba shares are falling in hong kong, down 2%.ed to sell it in time department store business for around $1 billion. it will result in a loss of $1.3 billion on alibaba's initial investment. the e-commerce giant is struggling to grow with rivals. t. rowe price out with a punching and call on treasury yields, saying the 10-year may climb to 6% for the first time in more than two decades. the firm's fixed income cio pointed to inflationary policies and the growing deficit under trump. he wrote he expects seals to read 5% in the first quarter of 2025. that is your brief. jonathan: up next on the program, trudeau on the brink. >> we are less than two hours away from the fall economic update. why won't the prime minister come in here and presented himself and put it for a confidence vote tonight? jonathan: that conversation is up next. ♪ ♪ dy for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor,

greatest investment he ever made was a chinese company, alibaba. >> given the trajectory of a.i.i. now. so clearly, look, politically this is a win. trump's not even the president right now, he's made mar-a-lago the center of the universe announcing investments $100 dl billion. >> it's kind of an investment, announcement but it's encapsulating that would have occurred regardless. >> smart politics. >> yes, smart politics. >> optics. >> yes. >>> after the break, one of the biggest names in real estate in new york, bill rudin. the outlook for commercial real estate. new york city. the proliferation of scaffolding everywhere that drives me insane. i don't know what you want to talk about. all right, he's coming up next. (intercom) flight deck we are go for launch! (ethan) is that the one? (janet) so much space! that open kitchen! (tanya) ...is that a walk in closet? (ethan) i want those tiles! (intercom) boosters engaged. (ethan) wait! we've got a problem! (janet) problem?! (ethan) how can you sell your house when we're stuck on a space station for months???!!! (tanya) no, no! bad t

we are very big in europe, we are big in canada, the chinese aren't, the alibabas, the like, if theywere big, they would get wrapped up in this, just not big enough. it's a defacto attack on u.s. companies. >> got you. we can do investigations, we can do countermeasures, i get all that. but the administration with yellen, treasury, they are standing up and fighting against these imposed taxes from canada and from germany? >> i think there's some pushback in the negotiations with regard to canada. i don't see it with regard to europe. i think it's a -- it's a long-standing problem that the u.s. foreign policy establishment in government and the military prioritizes foreign policy and military over u.s. economic competitiveness and technology competitive issues. their view in my opinion is let's not rock the boat, there's this conflict in ukraine, we are just going turn a blind eye to this. >> we've become the piggy bank, literally the piggy bank and we are just fairness, all we want is fairness and that's not happening. thank you and i yield back. >> thank you. thank you for yielding

names within china that we see as high growth either because they're exporting globally the likes of alibabae global presence, particularly in the united states. we are looking at names in the fully integrated supply chain, the likes of byd who are doing tremendously well building electric vehicles both domestically and abroad in china. they will be bigger as an electric vehicle market than the entire american car market. so, you know, a small china is still bigger than most of the world. and then of course any of these integrated hardware producers in the mobile phone space. our biggest holding today is shall me, a company doing tremendously well not only on mobile hand sets and iot devices for the home but electric vehicles producing hundreds of thousands of cars. you have to move in and out of those names but all of those are doing tremendously well in spite of the overall macro malaise. >> dozens of ev makers, there has to be some consolation, doesn't there? >> possible. when we invested in neo, one of the first and largest investors i think there were 300 electric vehicle companies regi

stocks closed higher in hong kong and internet stocks like alibaba and jd.com are slightly higher. >>> in the meantime, president-elect trump speak to kristen welker. we have more with eamon javers. >> reporter: i think we should start with what he said about the federal reserve because this was such an interesting answer. welker asked for his reaction to jay powell's reaction if he would step down. here's what trump had to say about that listen. >> they made a great economy for us. they also solve another problem, if we have problems with wars and other things. tariffs. i have stopped wars with tariffs by saying you want to fight, great. both of you will pay tariffs to the united states at 100%. they have many purposes, tariffs, if properly used. >>. >> reporter: that was not him talking about the federal reserve. that was tariffs. the former president asserting tariffs are valuable in reshaping the economy and broadly with international diplomacy. if he wants to stop a war, he is suggesting, he can use tariffs to force them to go to the negotiating table. this is the president-elect

. >> alibaba shares are up, very much domestically focused.e also see oil prices higher partly because there is this feeling that renewed demand from china could this prices. also increasing gold prices. most of all this is going to be domestic. nearby currencies, given that this really is insular. >> what was unique about today's statement was that billy had the positive message regarding household consumption. if that is household consumption, household spending, i would say that is good in terms of reducing deficit. i'm not sure there is a case for really pushing on real estate are pushing on investment growth again, certainly not compared to 2009. that tends to leave debt issues. i can just say this is a nonnegative for commodities but as this is really focusing on the south african rand or oil prices or lithium prices even, i would probably temper my enthusiasm on that. >> which is the reason people are focus very much on the u.s. again to see whether it can continue to grow and whether we see any significant policy shifts on donald trump

, the founder partner at lead edge capital which is investing in companies like uber, spotify and alibaba>> it's almost over. >> almost vacation time. >> they're going to get one more in. >> the question is what do you think 2025 really portends here? >> it's going to be better than '23, better than '24. it's not going to be a blockbuster year. >> it's not? >> i don't think it's going to be a blockbuster year. i think the issue you have, and if you actually look at the data, we have looked at it at our annual meeting like a long ago and the last -- i think there's been about ten tech ipos over the last 12, 18 months. nine out of ten of them were above the ipo price at a pretty good amount. i haven't looked at reddit in the last couple of weeks but those ones soared and arm. the biggest issue you have is the best companies raise so much money in '20 and '21 they effectively completed ipos already. >> as private businesses. >> as private businesses, correct. >> yes. >> and, therefore, you're going to get into the same kind of situation that stripe is in today? >> correct. i mean, companies

coming to the market and you are seeing a large reseller market and you are seeing supply, to ebay and alibabapu clusters, which is going to depress pricing. jonathan: and all for a worthy cause, so thank you. that was anna nikolayevsky of axel capital management. here is you hire hackers with your bloomberg brief. yahaira: the u.s. is set to gear up a trade investigation into chinese semiconductors in the coming days. sources say the review could impose tariffs to restrict imports on older model chips and the products containing them such as cars or smartphones. the investigation could take months to conclude with any reaction left for donald trump's incoming administration. president-elect trump chose herschel walker to be ambassador to the bahamas. he made the announcement on to social. he had an unsuccessful run for a senate seat in georgia to hold ambassador position and will need his nomination approved by the republican-led senate. nissan is in merger talks with honda. it would create the third-largest automaker. talks between the two accelerated after foxconn approached nissan to take