. >> we should note that since the close ahead of the alibaba ipo, the s&p is down by 1.3%. russell 2000, down by 3.4%. quite a big move in just the past few trading sessions. >> i think it's way too early to say is this the top. i understand what nick's saying but also remember, alibaba is actually a company that makes money. if they came with all this fanfare and they didn't make money and there was some hype, then i would say, yeah, potentially this marked the top. there is certainly a hibernating bear inside me that would love that symmetry to line up. >> even the bear is saying that wasn't necessarily the top. >> it could have been the sentiment top. there was so much invested in this thing going off and working. it did work. remember, the stock down 5% from the highs in the last two trading days, alibaba. but you also had a stock up 38% from the ipo pricing. all of the energy that we have invested in apple, let's not forget. we also have a sentiment top forming perhaps in the next week or so with the release of the phone, really good numbers. who knows? to me, these ar

let out of the momentum stocks as invest to recalls reposition the portfolios for that major alibaba ipo. ss panel. susan and our own morgan o brennan and with us is guy odami. this is like a choose your own adventure. what do you think is really moving the averages based on everything we have going on to work with? >> hi, kayla. people i think reposition themselves ahead of this. obviously, a lot of high fliers whacked today. but if you look deeper, i mean, to me the weakness in the russell is something that's been happening, something that's worth noting today. the fact that the bond market may have bottomed out in terms of rates being at their ze knni. the weakness in the russell to be looked at and maybe the alibaba ipo marks a short-term top in terms of the broader market. >> why do you think it marks a short-term top? >> you always look for an event, something that's sort of look to and say, everybody was looking towards this. i'm not in the camp that things have been getting better. as a matter of fact, i'm in the camp in a lot of things might be worse than a few years ago. what is b

riding the alibaba wave. for ipos,s right including one that has been years in the making. mr.renzi says he will stake his political life on making change. titan at the table, bob -- it

alibaba ipo friday. still need to get through in the next few hours. but hang on to s&p 2001 joining us is wedgewood partners. david wolf. manages the four star wedgewood fund. up 14% year to year. let me ask you how you think we are going to get through the next couple days if this language comes out that we're worried about. >> quick selling. folks tend to lock in gains. we tend to be more longer term. but even a whiff of the negative sentiment my screen will be red quick. >> do you believe as some bulls have called for a big momentum chase in q 4 all the managers under the gun for the year. >> they are under pressure. so are we. we are lagging year to date. but yeah we could see a little bit of a run towards year end. but we're looking more to next year actually. >> what do you see there? >> we're actually routing for a correction. we're sitting on cash and want to put money to work at better bargains, quite frankly. >> you are an investor in apple. we had comments from peter thiele this morning. if i had a dollar i'd rather put it in google than apple. do you share

alibaba making a big impact with other companies. you have them investing in silicon valley startups and you have yahoo!'s balance sheet dependent on what happens with the alibaba ipo have guys who made the that's on alibaba and are looking to profit handsomely. this is going to matter for people who invest in alibaba but it's going to have reverberations across the tech landscape. jack dorsey job -- dropped a few spots from number eight to number 14. >> it has been tough for him. running into some problems and it's not clear they can get out of this low-margin business of swiping credit cards. with apple going into payments, that is going to present challenges. wither has had challenges user growth and although they are kind of writing the ship, it doesn't look as robust as facebook touch looks to be firing on all sold yours right have jay-z >> you and beyoncÉ near the top, but can you tell me if they are getting a divorce or pregnant westmark >> we did choose to separate the entries because it's unclear what is happening there. what is most amazing about the on say especially as the way she has been able to break the rules in terms of media. that visual album did

alibaba's ipo. there is talk about yahoo!'sness, whether they could be actually worth nothing without alibaba. could they be? cheryl: that's a great question. should yahoo! be split up? should it be sold? joining us brian frank, frank value fund portfolio manager, and scott kessler, s&p capital iq equity analyst. scott, to you first. you've always been bullish on yahoo! but these are very real questions about a yahoo! valuation without alibaba. what do you say? >> well, cheryl, i don't know if we've always been bullish on yahoo! but which definitely look at the stock as pretty attractive right now especially given the recent selloff. i point you to a couple of points, right? so, number one, is the fact that they still own 16% of alibaba. so they're going to participate in whatever upside there is to the stock. secondly, they just got over $8 billion in proceeds from the sale, related to the ipo. and then third, there are a number of alternatives they could pursue to reduce the taxes associated with that sale and any potential u

alibaba's s-1 filing. >> this will be a record-breaking ipo in the united states. it could be the world's biggest. could top at 24.3 billion dollars if you include the overallotment. this could be the third-largest traded tech company in the united states after google and facebook. actually going to be selling these shares, it was fascinating to see not everyone will be. the largest shareholder had 34% of ownership right now, translating to $50 billion. yahoo! is looking to read -- toing billion dollars reap $8 billion. about the mission, he talked about how he was going to write your ties customers first, employee second, shareholders number three. he expects controversy to arise but he hopes controversy creates some kind of constructive dialogue. it is all at his final plea. what leslie was showing you is not the retail investors. it seems that according to the analyst i have been speaking to, the retail guys are not there. it is a tepid muted response. >> you need some guys that can take a lot of shovels for it. when you look at this deal, specifically the letter -- depressed tends to focus on

s&p falls a point. >>> alibaba was the biggest ipo in u.s. history. and apple lovers stood in line for hours to get their iphones. >>> and oracle shares are down after announcing that larry ellison is stepping down as ceo. that's it from cnbc, first in business worldwide. not taking one. the new 6.4-liter hemi v8 ram power wagon. the most capable off-road truck there is. it lets you pick a fight... with the impossible. [ woman ] if you have moderate to severe rheumatoid arthritis like me, and you're talking to your rheumatologist about a biologic... this is humira. this is humira helping to relieve my pain. this is humira helping me lay the groundwork. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for ten years. humira works by targeting and helping to block that contributes to r.a. symptoms. humira is proven to help relieve pain and stop further joint damage in many adults. [ male announcer ] humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infe

s going to have a 16% stake in alibaba ipo. guys, back to you. >> all right. insights on the view of alibaba, neil doshi is head of tech and media at crt tech group. and a $95 price target. neil, you have a buy rating on the stock after it opens or where it's being priced? >> i have a buy rating on the stock after it opens. >> after it opens. >> after it opens. >> what if it opens at a hundred and you have a target of 95? >> there's some variability that will happen. so we'll have to revisit our target at that time. >> you don't think that there's going to be so much froth in the actual ipo that it's going to take away the upside for people that buy afterwards? you would urge people after it opens to buy? >> i would. this is ultimately the largest e-commerce play in the world. this company has a proven track record for revenue growth and profitability. we looked at a number of chinese companies that have gone public recently. they don't come close to how profitable alibaba is. even a lot of u.s. internet companies that have gone public, profitability is signif

much of it driven by apple and apple's new gadget announcements to alibaba making ipo splash, the tech sector is leading among the ten sroups for the week, there's a lot of red on the screen for the other sectors. live to nicole petallides live at the new york stock exchange. the big movers this week, it is tough today, you could distill it down. >> reporter: there are winners and losers, the bond yield is something we're going to watch closely, liz, take a look at the movers of the weak, we're going to have a lot of names that are on the move this week here, so it looks like the guys are too busy to let me use their screens, maybe i can pop in on one of these. i got one. i got one. for the s&p 500, i wanted to talk about that for today, here we go, what we saw was that financials have been the group that are shining, and that's to your point. you see a lot of red here, energy 1.4% to the downside, that's a group lagging in utilities. the financials as we start to see the yields on the rise, that may be a group, and here's the year to date numbers, the dow up 2.4%. s&p up 7.4, and the nasdaq year to date up 9.3%. as we

s been stretched like a rubber band because it has a 23% stake in the alibaba. if it then reduces that stake to make money off the ipoing? >> this is a fascinating question because yahoo! has to prove, and they haven't in the tenure of marissa mayer, they have to prove they can diversify their business and they can make money. and right now the market is valuing yahoo! basically for its alibaba stake. as that reduces -- liz: it's like alibaba is yahoo!'s floatation device right now. am i saying that properly? >> exactly right. and if you look at some of the valuations on the company, they're basically valuing the yahoo! x alibaba at zero. liz: james rapid ratings is a living, breathing number. that could change, correct? >> that's correct. every quarter we will rerate the company. liz: we'll bring you back. we'll be watching this ipo very closely, no doubt, rapid ratings chairman and ceo, giving alibaba a 71 out of 100 which is pretty good. >>> fox business is the place to be for extensive coverage all this week leading up to the stock's trading debut on friday, so don't miss it. ticker symbol baba. closing bell 315

s&p down 1%. repositioning to take care of that alibaba ipo. there is noise, scotland, things in the e.u., separatist movements. longer term issues are still very much at stake. getting clearer what fed policy is relative to what ecb policy is. developed market versus emerging market. investors really unclear about where the best places to allocate capital are. because on relative value, some of the things that have been sold off over the course of the last three months are interesting. as your other guests will tell you, the u.s. very much in favor in terms of investtores. david: ron weiner, i want to go to you first. the story was about the tech sector. you're big on the tech sector. you're big in the tech sector's well we should mention but was this all about people realigning, selling off a lot of their tech stocks to wait for alibaba to get in. >> that's my best guess. billions and billions getting taken out of hot stocks, the nasdaq stocks not just tech but the online ipos that came out. they're all up. so yeah, people are taking profits.

facebook's come back massively from its position at ipo a couple years ago. you have alibaba and s buying and its largest transaction every in over 8 billion dollars ever. passing the torch to a couple of deputies who are now ceos at oracle. who thought 2014 would be a time of ambition like this after the run in 2013. >> kara swisher in washington. i know you called it just a transaction. but at this moment, what can you say about this in the big picture? >> i'm sorry. i can't gush about tech stocks. i know i should be all giddy but i can't do it. i'm sorry. i think it's interesting they have all this money to spend. iflt looking at the market caps of a bunch of u.s. companies. twitter is 31 billion. yahoo, 41 billion. it's a bargain. ebay, 65 billion. netflix, 27 billion. it's interesting what they could look at and their ambitions. whether they can get their hands on them is another question. but there is plenty of buy out there and it could be interesting if they use this currency in an aggressive fashion. i'm not sure they will but they certainly could. >> we are just a couple

alibaba news. yahoo!'s stock is running and we're watching retailers under pressure. michael kors in particular. the founders, a couple of founders who helped bring the ipo a secondary. that is down 4.6%. weakness in gap and banana republic, same-store sales. that stock is down 4%. david: tesla giving back some of its run-up today. >> recently this week now, yesterday we had elon musk over in nevada where the new factory is going to be for the batteries saying he thinks the valuation of the stock is a little high. what? the ceo saying that? he did exactly that last october. following his commentary the stock did drop. it regained losses. 30% drop. beware, tesla shareholders. liz: what is also dropping, family dollar. it has been in place as a couple suitors are very interesting. today, not so much. down more than a percent. >> what is interesting about this one, dollar general offering more to family dollar. the question whether or not shareholders really wanted to go with the dollar general which is above nine billion. in fact they will try to stick with their original deal with dollar tree which is 8 1/2 billion. [closing bell ringing] david: before th

alibaba 64 points. nasdaq up 13. s&p up 6. frank and michelle, back to you. >> when do the shares go on. >> reporter: we have to wait for the underwriters in alibaba's ipo to shares. they have to make sure everything went through according to sec regulations. it could be five minutes to an hour. we just don't know yet. >> it should be a very, very big day though, i guess. thank you, jason brooks from kcbs news. >>> well, time now is 6:47. let's check the roads with elizabeth. >>> we have been watching that accident on southbound 101 through hospital curve. all lanes are open. they cleared a crash to the right-hand shoulder. the damage is done. if you are trying to get across the bay bridge, slowdowns from treasure island dualy the tunnel a-- actually the tunnel across the skyway. if you look closely you can see the slow traffic on the upper deck. the metering lights were turned on an hour ago. here's a live look at the pay gates backup extending into the maze. consider using the san mateo bridge if you need to commute into the city from the east bay. the peninsula commute looks okay northbound. let's go to our maps and show you what else is going on. here'

s&p record days yesterday. news of the u.k. driving the rise and concern of the alibaba ipo this morning. the biggest you have seen.ecured its place as the largest u.s. ipo. the stock priced at $68. the top of the price range. it raised $21.8 billion. only inn receivestors are able trade. here is where i inject my advice about ipos. it is the risky investment you can make. this company now you will start to look under the hood and see how it makes its money and the risks. it is the riskiest thing you can do. >> who gets the inside track? >> the big money. the investment bankers and hedge funds and friends and family access to the big time investors on wall street. it could pop. you get it at the starting price here and all the people who bought it at ipo price get rich and you make a buck or two. it doesn't cover your fees. >> be careful. >>> 43 minutes after the hour. passengers injured in an emergency landing. a flight forced to land. smoke in the cabin so thick you could not see the person next to you. the dramatic video after the break. at lysol, we go beyond cleaning, we call it healthing. healthing is killing

alibaba is the reason behind that? >> it is one we talked about here several times this year. yahoo! intimate 30's, basically valuing near zero. we still like it here into the alley. the ipoext week. three unknown valuation. alibaba will trade afterwards. there could be substantial upside on a valuation basis. three, tax treatment of the 75% stake yahoo! has, that it will retain after the ipo. we want to buy 47. that is how we want to trade along. >> if you take a step back and look at the overall market, you are still bullish on market prices but still bullish on volatility. >> at the same time, imagine that. we will continue to be a low volatility world number of years. if you look at 2013 in june july, we have above 20, a lift across volatility and other asset classes. dislocations, given what is happening among central banks, is something we could be likely in the months of head -- on -- the months ahead. inwe're on the markets again 30 minutes. "money clip" is up next. ♪ >> welcome to "money clip ." i am olivia sterns, in for adam johnson caret alibaba is set to be the largest ipo in u.s. history, but that is only a small part of the story of how huge the company rea

s&p added a new record after adding 10 points and the nasdaq added 20. >>> excitement is growing for what could be the biggest ipo every. the top exec alibaba a two-week road show in new york today. want to raise $24 billion. that is $8 billion more than facebook raised in 2012. >>> and the tech world is buzzing about apple's big launch party tomorrow. the rumor mill is saying the big company be will be unveiling its new iphone, the apple 6. >>> i can't wait. >>> straight ahead, highlights from the first sunday of the nfl season and saying farewell to the captain. derek jeter honored at yankee stadium. especially now that i live with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. i was taking warfarin, but wondered if i kept digging, could i come up with something better. my doctor told me about eliquis... for three important reasons. one, in a clinical trial, eliquis was proven to reduce the risk of stroke better than warfarin. two, eliquis had less major bleeding than warfarin. and three, unlike warfarin, there's no routine blood testing. don't stop taking eliquis unless your docto

s&p down a point. we have the fed with its press conference tomorrow and also the big alibaba ipo later this week. some data giving pause to investors, especially some softening in china and their economy there. so that's been a little bit of a lagging indicator here. also check out shares of humana. rallying after the company announced a $2 billion share buy back. extending through 2016. humana currently the biggest winner. and shares of microsoft rallying after rbc started coveraging with an outperform radiatoring. creating value with a shift in emphasis towards cloud and moenl computing. that shift started in ernest a couple months ago. but analysts finally getting on board there. >> stocks are rebounding a bit this morning. after the nasdaq reported its biggest loss in nearly a month yesterday. more in a moment. plus when the apple watch comes out next year will other wearables really be able to compete? and as we await alibaba's ipo. one start-up with multiple rounds of funding from alibaba will join us a little later on this hour. ♪ the all new, head turning cadillac ats coupe. it's irresist

today we backed off all-time highs, at least for the s&p, but there's a huge story out there, and we know what it is, alibaba. made history. the largest ipo the united states, its first day of trading only went up 38%. of course, not to be outdone, apple did officially, finally, release that iphone 6 to huge response across the world. fox business' jo ling kent, she's been tracking this alibaba debut minute to minute to minute, and she spoke with the e-commerce giant ceo jack ma early this morning about the company's debut and his thoughts on american companies. here's what he had to say. >> well, i think a lot of american companies, i admire. they change history, they reshape the world. >> which one? >> microsoft, ge, ibm and google, i think -- even facebook and amazon, ebay. there's so many innovations. charles: all right, here's a guy who said he was motivated, inspired by what's the movie -- >> forest gump. charles: forest gump. he named his company after a mythical fairy tale, but he duds want to take -- does want to take down walmart. what's your impression of jack ma? >> you know, i like the fact that he has aspirations that are ve

s&p added a new record after adding 10 points and the nasdaq added 20. >>> excitement is growing for what could be the biggest ipo every. the top exec alibaba a two-week road show in new york today. they want to raise more than $24 billion. that is $8 billion more than facebook raised in 2012. alibaba's ipo is expected in the next couple of weeks. >>> and the tech world is buzzing about apple's big launch party tomorrow. the rumor mill predicting the company will unveil its very first phablet. that's the combination of a tablet and a smartphone. it may be called the iphone 6. they may also reveal the smartwatch. marlie? >> i can't wait. jill wagner from the new york stock exchange. >>> straight ahead, highlights from the first sunday of the nfl season and saying farewell to the captain. derek jeter honored at yankee stadium. especially now that i live with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. i was taking warfarin, but wondered if i kept digging, could i come up with something better. my doctor told me about eliquis... for three important reasons. one, in a clinical trial,

the s&p is down a half percentage point for the week. overwhelming demand for the alibaba ipot the company will stop taking share orders a day early. in the meantime, retail sales were up a strong 6/10 of 1%. economics editor mike nikki says you may be how fat -- mike mckee you may be surprised at how fast it is expanding. beginning -- been getting lower and lower, and now if the biggest increase since april. automakers had a blowout month they were selling cars and trucks of the highest rate in eight years. that was confirmed in today's report which counts dollar spent at dealers rather than unit sales. up 1.5%.one -- we'll aboutol, cars, we live out gas, we may about building materials, they are counted in separate material categories. this is directly what goes into gdp. so that is good for growth. chain store have reported very strong back-to-school shopping saving -- seasons. ready and willing to shop as the economy continues to improve. >> so how fast is a growing now? >>. wasknow how everybody questioning predictions about to r in the first quarter? now they are seeing

s -- did not happen. you have the background apple paymentpay, alibaba's business not included in the ipo.t thrown into sharp relief what ebay, web paypal could have been and has yet to become. what does this also really mean for your banks, cassidy? >> avery has processing sides that would be impacting by this, but most of the bank profitability is driven by good old-fashioned lending, and that is the real driving for the banking industry rather than these processing numbers. >> right now from rosenblatt's security, somebody that follows blackberry, apple, brian blair joins us. where will ebay stock open? us about away told premium. $52, $53 close. where will you presume to put a valuation combined ebay this morning? toughs is going to be a one because a lot of people have been very bullish about the paypal business given the growth rates we have seen over the last five years. i think there are some new competitors in the market right now. ebay is clearly going to trade up several dollars on this. this is a huge positive. a lot of investors have wanted to see this, but there are new compe

you worried about the selloff in and the context is the s&p 500 hit an all time high on same day we were toasting the biggest ipo on the planet alibaba on friday. and since then not so great. >> right and really was monday and tuesday terrible. and then wednesday the big rally back and today we're right back where we were on monday and tuesday. look at the volatility index and that's told us a lot. september 15th we spiked and got above the 250 and 100 day moving averages. when you look, a 25% move since last friday to the upside. then the dramatic pull down yesterday and today up 18%. so there certainly is telling us that the concerns are there and we're seeing more of the theme we're talking about. which is is it a one day event like in the past, september 15th. and after that we just muddled around somewhere underneath the averages. or is this something we really do need to be concerned about? 1 1980, to 2010 is the range we were stuck in. >> 1976 was the 50 day moving average on the s&p. more concerning is the russell. and we've talked about this the canary in the coal mine. without participation without support holding it is unl

ipo of facebook. yahoo! is ali baba's sext and scott mcgrew told us the value of yahoo!'s capital is equal to the amount of the sale for alibaba's stock. >> founder jack mao said he came up with the name alibaba and when he asked a waitress what it meant, she said "open sesame." >> if you go into a crispy cream in full pirate gear and talk like a pirate, the glazed donut is yours. simply talking like a pirate in the donut shop will get you a free donut. i can't believe it's that time of year ago. >> arghh you ready for it? are you going to go get a free donut with me after the show? >> yes, i will. >> a little comfort food on a friday morning, it's all right. 62 in livermore. if you are an actual person who gets out there, a mariner, a seaman, you can have a beautiful day out there on the bay, on the ocean. we don't have a lot of wind. as a result it's not choppy out there. it's looking pretty good. we had some really unusual currents over the past couple of day. as of today things are calming down but it's kept or temperatures in the 60s this morning. it's still really mild out there. you don't need a jacket for today. you can

s&p 500 drops on the close. the nasdaq down more than 1%. ♪ >> this is "taking spot -- "taking stock." i want to go first to carol massar. >> alibaba has ranged its ipo range to $66-$68 a share because of strong demand. the company could raise $21.8 billion, expected this thursday, september 18. star running back adrian peterson returning to the minnesota vikings today, saying he is not a child abuser. everyone toant understand how sorry i feel about the hurt i brought to a child. felony forged with a using a tree branch to spank his four-year-old son. , 3 million6 pre-orders in the first 46 hours. -- the first 48 hours. the end of this week, smartphones officially go on sale. the cause of heavy demand, many people will not receive their iphones immediately. they will have to be a little more patient. apple, recently charlie rose had a chance to sit down with chief executive tim cook. they spoke about what makes me of phones different from previous models. firstone 6 is not the iphone, but it is the biggest advancement in iphone history. we think the upgrade cycle here, and the number of people that will switch from other smartphones -- it will be en

s&p 500 higher by five in premarket trade. >>> on the eve of alibaba's ipo, republican senator bob caseypoke about his concerns on cnbc earlier this week sent a letter to the s.e.c. chair mary jo white on wednesday. he's raising questions about the level of transparency from chinese firms listing in the u.s. >> eunice yoon joins us from beijing with more. >> i don't think eunice can hear us there. i apologize for that. we'll talk more about alibaba later on in the show. >>> china says apple's new smoep has received regulatory investment in the country but has yet to gain the critical access license. apple says it continues to work on bringing the phone to the world's second biggest economy as soon as possible. eunice can hear us and we'll join eunice now. >> hey, guys. there's definitely plenty of criticism about the transparency of the company. i would say that one of the things people have been looking at is the fact that alibaba does have a close relationship with the chinese government and people are wondering what that means. jack ma in hong kong said he wanted to move aggressively

alibaba which could be one of the biggest ipos every. thanks very much, jeff wilsey, jeff lehman, bill a bach, we'll check in with you when s&p futures close for the week to get an idea what happens on monday. liz: one hot recent ipo is gopro. it has been on quite the wild ride since its ipo in june. if you want to ride the big wave without getting clunked by it, you want to win big, you definitely want to hear what our next guest has to say. that is so tubular. he will give you inside scoop on so-called short squeeze trade for gopro and other stocks. how to spot it, how to profit from it. david: today's awful jobs report was a surprise for experts. guess what not for you. not for most americans who have believed we have not yet turned corner on jobs front? what will it take to turn the jobs in this economy? we'll talk to three members of the job network. they know. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him eat fame. ♪ but then, one day, he noticed that everybody could have a giseashell. [ indistinct talking ] [ male annou

alibaba ipo spiking up. >> as alibaba shares spiked, that could be good. >> that is still a huge component for yahoo!'sto october. quite high,ties are but october captured earnings for yahoo!, too. ofthanks, anshul agarwal baker's partners. we will be "on the markets" again in 30 minutes. "money clip" is next. ♪ welcome to "money clip." we tie together the best stories in business news. here is the rundown. says that the way you buy stuff is going to change forever. offering a two-pronged plan to keep companies here at home. in the world, meanwhile, david cameron is using saucy language, trying to guess -- get scotland to vote no on independence. getting into school has never been harder, unless

s&p lower by a third. so the dow is going to have an all-time high. what about a day we had with alibaba? it's first day of trading and largest ipo in history.ot coming up on the second hour. have a good weekend, everybody. >>> welcome to the second hour of the "closing bell." we want to get to reaction to commissioner goodell's news conference with our dominic chu. >> we were expecting some kind of news. we heard that there's going to be a player conduct committee and we didn't get a lot more with regard to what is happening with the investigation, how long it's taking and any progress. it's still ongoing. what was interesting to me is how many times he reiterated the apology about how long in the first place, numerous times the mistake that the first time around when he handed down the two-game suspension to ray rice for the incident with janay. it was interesting to hear him go backwards again and say that all over again. he also pledged more trans transparency. overall, though, we didn't get that much new with regard to what is going to happen in terms of the investigation. of course, it's still ongoing and they are not going to go into

ipo. if you look at facebook, implied volatility is up, linkedin, twitter, both are higher but alibaba is in the mid 40'slity but it is still relatively elevated. we are high on the street with rob sanderson targeting 125 on the stocks. with the high volatility, we think the trade is monetizing that. you will be holding these for a while for tax reasons and makes a lot of sense of stop if you go out to november, you can sell a 100 right halls and commit the selling stock 15% higher. as long as there's a spread between implied and realize all ability that could last for several months, monetizing that makes a lot of sense. >> thank you so much. we will keep watching and see how it performs. you so much for coming in. we will be on the markets in early minutes. "money clip was quote is next. ♪ >> welcome to "money clip" or we tie together the stories and video in business news. here's the rundown -- russian's foreign minister says the cold war is over all stop he joins us for a global lose it. russia striking oil with exxon mobil in the arctic. we will fly you to the site. it's an international exclusive.

s&p 500. and today, we're seeing all ten sectors higher, for the week down. liz: i wanted to look at alibaba quickly, up a percent, $89.77. high of the ipo and change. >> right, $99.70 was the high on the ipo day. one week ago from this day, and we made it through, it is certainly, it's holding around this 90ish level. it will be interesting to see. liz: we're watching it, you're watching it. nic, have a great day. thank you very much. >> thanks, liz. liz: let's hope alibaba doesn't decide to make popcorn. i have a guy doing it in an unbelievable way. moving beyond that stale movie theater popcorn. popcorn indiana transforming the way we snack with new flavors like, are you ready? granola popcorn clusters. will consumers embrace twists to the all-american snack. hitesh hajarnavis is the president and ceo of popcorn indiana. this has managed to get such shelf space in places like whole foods so it is working. >> absolutely. liz: $100 million in sales. >> you wouldn't think about it, right? popcorn is great, growing like crazy. one of the oldest snacks around and a fun snack. people get popcorn. liz: you have made it, and my mother is goin

s&p both hit records yesterday. news from the u.k. driving the rise. there is excitement out of the tiny company alibaba. it is a very big company. securing the largest listed ipotock priced at $68. it raised $21.8 billion. only large investors are able to buy in, but it will start this morning under baba. that is when normal people like you and i could buy. >> that is the nicest thing you ever said to me. >> i retract my normal statement. >>> i understand what you are saying right there. big ipo. 40 minutes after the hour. daring rescues. americans air lifted out of hurricane ravaged cabo san lucas. the u.s. military involved now as a new storm approaches. indra petersons joins us with the latest next. which rewards her for responsibly managing her card balance. before receiving $25 toward her balance each quarter for making more than her minimum payment on time each month. tracy got the bankamericard better balance rewards credit card, which fits nicely with everything else in life she has to balance. that's the benefit of responsibility. apply online or visit a bank of america near you. for bfor a love this strong is a labor of love. there's new iams natural

alibaba listed its ipo. we are "on the markets" again in 30 minutes. ♪ >> we are about 30 minutes away from the opening bell. sow start at record highs. we will be talking with jack ma in a few moments. back to the top story of the morning, alibaba begins trading today after the e-commerce a record $28.1 billion. they will be ringing the bell in just a half an hour. all the rescue joining me from standard -- all could roski joining me from san diego. of the key things that we could see is a loud supply coming out of this company event is being sold into this market space. 28.1 billion the dollars in the ipo, but a unique thing is that they are allowing a certain group of employees and insiders as well. there is no lock agreement on shares. theooks like allocation went to 25 different firms of 60% of the deal. that is a very concentrated deal. some people could buy today who did not get allocation. aul, noise have the most unusual take on the companies. rpriced andnde corgi, a weird mix of ge engine partly, not really a tech company." what do you mean? >> it is like code. [laughter] on the price, they could hav

coming up, jim millstein weighs 's legacy.enmosche he is one of the people who recruited benmosche directly to run aig. and the second-biggest ipo of the year behind alibabalook at the citigroup -- at the citizens financial group. stay "in the loop." ♪ >> as part of my upcoming "titans at the table" primetime special airing tomorrow night at 9:00 p.m., we focus on former aig ceo bob benmosche, who just stepped down this month. his five-year tenure at the company starts with calls begging him to take this job. one call came in particular from jim millstein, the former chief restructuring officer at the u.s. treasury. hear what benmosche had to say about their relationship. >> i think people should recognize that people did a great job. they did a great job under the i justf conditions, and think that for you to start off by just taking on him and you do not even know you are picking on -- , do youo this day believe any of them feel that way and treasury? >> feel what way? appreciativefeel that people stayed on and worked. >> oh, i think jim millstein does. >> he was with you all the way. >> he suffered with me all the way. he was the one getting beat up. q

s&p 500 fund. most average investors, nearly 90% don't get the ipo price. they get it in secondary market where it starts trading. that is where you're considered dumb money. if you bottom alibaba first day at 92 or 100 you're not making money you. >> said this off the bat. it is not alibaba. they're breaking away from rbs with a $70 billion bailout. market is not overly excited. even though large ipo i'm a founder in a bank. we have 10 branches. we struggled through the recession to keep barely profitable. people are not excited. do we need another big bank? >> if you're wondering why is it not, why did it not get the price they wanted, why is it traded below value, i would say it's a judgment on the future of the u.s. economy. people are not that optimistic. melissa: back off my big gulp. pepsico and coca-cola are vowing to cut number of calories americans drink each year by promoting smaller sizes and pushing healthier options. unfortunately for their little initiative soda sales are already slumping. they say say they will help americans by selling smaller cans? they will not charge that much less for it. they're recognizing a trend going on around them. >> wasn't mike bloo

s stake in alibaba and what that's going to mean for investors. how much money are we talking about here? well, here's the math. if yahoo! does sell 27% of its stake and the ipo does price at 68, then yahoo! could haul in about $6 billion after taxes. that's according to b. ryder. the question then becomes what is ceo marissa maier going to do with that money? take a listen. >> i can point to what we've done historically, and i can also point to the fact that we know that this is of critical importance to our investors, how that -- how any proceeds are handled. and the fact that it will continue to be good stewards of capital. >> reporter: now, maier being somewhat vague there, but yahoo! has promised to return half the money to shareholders. we're still waiting to find out how. another possibility, of course, is an acquisition. different analysts i talked to cover yahoo! one potential target could be aol. they say that would add to yahoo!'s revenue and earnings. and just given aol's presence in video, they think it could be a good fit looking ahead for yahoo!. bob, back to you. >> is buying alibaba stock a good or bad idea? go to cnbc.com/vote. noin with us

s&p 500 target to 2,050 from 2,020. >>> let's move on to some tech news with just days to go before alibaba's highly anticipated ipo in. options trading are expected to start on september 9th. alibaba's road show starts in london following today's solid demand coming after alibaba raised its price range from 66 to $68. i would be heading to that event later on and get you to the buzz later on. >> fund management is calling for the break-up of dupont. "the wall street journal" reports the company is's loaded and complex corporate structure is overburdening its seven business lines. dupont says it welcomes open communication with shareholders. let's have a look at how shares are doing this morning in germany. for that matter, 1.3% to the upside. >>> never mind the fed decision. we are going to be talking fed and earnings. we'll talk about that many times seen as an economic indicator. we'll get those results and the market action. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. who's going to make it happen? discover a new energy source. turn ocea

ipo of alibaba on friday. again, trading down today and taking the rest of the market with it as both the s&p and nasdaq and thesell as you rightly pointed out under pressure. >>> when we -- still to come, barclays group ceo speaks with us about the market, the fed, the biggest challenges of the banking industry. stick around for that important interview coming up. act i. scene 3. open port twenty-two-oh-one-seven on the firewall for customer db access. install version two-point-three of db connector and ensure verbose flag is set in case of problems. (clapping sound) isn't the cloud supposed to make business easier? get the one that can connect to the systems that you already have. today there's a new way to work. and it's made with ibm. whenwork with equity experts who work with regional experts who work with portfolio management experts that's when expertise happens. mfs. because there is no expertise without collaboration. >>> should i -- we are down 94 points right now on the industrial average. look at the nasdaq down 1%. that's off the lows. >> so's the russell. barely, though. >> this's the one to keep

million shares of alibaba in its ipo, half of which the proceeds of which will be split between investors in the form of a dividend or stock buyback, and the rest of which will go to yahoo!'sasury. that leaves money for marissa mayer to spend. do you trust her to spend that money wisely? gross, or is yahoo! relegated to the sort of mature tech company future we keep ascribing to microsoft? >> we will have to find out about what people have been saying about you on twitter and defend your honor. thank you so much for making those calculations on yahoo! without alibaba. breaking news right now -- we had consumer -- producer prices yesterday. coming in very tame on .2 of 1%. down olivia sterns, you have more of the braking -- more at the breaking news desk. >> this is the first time u.s. core cpi has not increased since october of 2010. you ran down the headline numbers -- cpi on a monthly basis falling by .2 of 1%. economists were expecting inflation to come in flat for the second month in a row because over the last couple of months we have seen prices for food and fuel coming down slightly. we saw inflation spiked back in the spring, but now inflation appears to be taperin

alibaba readies itself for what will be the biggest ipo ever. >>> and larry elison steps down from oracle, paving the way for a new duo at the helm. shares are trading lover after the company acquired concur technologies for $7.3 million. it's a 20% premium over concur's closing price. earlier, we spoke to bill mcdermott and he defended the deal. >> this is the only asset of its kind. it's the number two independence company in the world as measured by size. there is no other in the category. they have way more than a 50% market share. it's not what you pay for assets in this industry. it's what you do with them. obviously, the fairness opinions came in extraordinarily strong and the synergy on this steel is based on growth. i never was more confident in any business case i presented in the board room as i can with concur and sap. >> just a couple of flashes on that credit suisse .william blair both cut their rating on concur from outperform to neutral following that 20% price appreciation. >>> sticking with the tech story, larry elison, who is 70, founded the company in 1977. oracle will now be run by safra catz and mark hurd. hurd

ipo price is too high and too low. in the case of yahoo!, it is this narrative. this is not the one time that alibaba has taken money out of yahoo!'shappens over and over again. >> there is also some really valuable ugly art. >> i think alibaba made the decision and there was a committee that included yahoo! and softbank. i believe that alibaba made the entire decision by themselves of the bankers and they want it to pop. is happy that is a 25% bump or whatever the amount is. we will be talking about this tomorrow. the price will march on. >> facebook at such a wide audience of users in the u.s. no one is using alibaba's platform in the u.s. for the most part and that's why i'm not surprised this was institutionally sold. half the book that taken down by 10 firms? this was institutionally sold. >> do you remember what a hot mess that facebook book was? you had grandmas and aunts and uncles and friends putting into the deal. that's not the case here. very, they have made it institutional and allows them to control the process. it's 10 minutes to noon and we still not have seen a trade. that does not mean anything is gone wrong but i

alibaba's one-week anniversary of being a publicly traded company. eked out gains today closing at about 90 and change s. that a bullish side for baba long term compared with other iposy days? we'll discuss, stick around. in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ♪ ♪ imagine the luxury... of not being here. the power you want with the fuel economy you dream of. performance with a conscience. this is volvo innovating for you. in a we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. starts at 6:30 a.m. - on the (vo) rush hounose.und here but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading.