alison kosik is live at the new york stock exchange. >> hi, carol. minutes ago before the opening bell alibaba will not be opening its doors for business i will explain why right after this. this is where i met your grandpa. right under this tree. ♪ (man) some things are worth holding onto. they're hugging the tree. (man) that's why we got a subaru. or was it that tree? (man) introducing the all-new subaru outback. love. it's what makes a subaru, a subaru. >>> good morning and thank you so much for joining me. i'm carol costello, ahead this half hour, going public. it's ebay, netflix, amazon, uber and so much more. we'll tell you all you need to know about alibaba. >>> plus boots on the ground, bill clinton speaking out on america's fight against isis. hear what he has to say about our chances of winning a new war in iraq. >>> and skipping town, our dana bash chasing down congressmen racing for the exits. >> reporter: congressman? >> let's talk. live in thes "cnn newsroom." >>> alibaba, the chinese e-commerce giant is set for the largest ever ipo on

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so let's head back to alison kosik on wall street. ey want to close down wall street, these demonstrators, but will it matter, alison? will wall street care? >> in the big scheme of things it probably won't make a big difference but to hear that the rockefellers are doing this, i think that is a big deal. you look at john d. rockefeller, he built standard oil. he was the co-founder of standard oil. he built his fortune on oil and now you see hisa heirs divestin that fund from any fossil fuel. they're not the first to do it. we've seen socially conscious decisions being made in other ways. we've seen people divesting from gun stocks and from gambling stocks, from casinos, from certain drug stocks so the rockefellers aren't the first, they most likely won't be the last. what kind of impact does it snake the reality is that wall street is in this to make money and the reality is, a lot of that money is in big business, including big oil, carol. >> allison kosik, sally kohn, i appreciate it. still to come in the newsroom, prosecutors take

alison kosik, cnn, new york. >> allison, thank you so much. i appreciate it. i'm brooke baldwin.being with me today. i'll see you back here tomorrow. to washington we go. jake tapper, "the lead" starts right now. >>> from we don't have a strategy to here's the strategy. what will president obama say this evening? i'm jake tapper, this is "the lead". >> the the politics lead. prime time president. mr. obama finally sharing the with the american people the plan to destroy isis. we have the advanced word on what he's going to say in just a few hours. it's been a month since police gunned down michael brown in ferguson, missouri. demonstrators are launching a potentially protest this hour to shut down a major highway there. >> and the sports lead. it's not necessarily a lifetime ban after ray rice was caught on camera punching the

alison kosik, is this just a news of the day thing or a correction? i'd say pick your poison. a lot of things caused the market to be lackluster. worries about terrorism and other big economies like europe, china, and japan slowing down. the selloff also happening because what you're seeing is investors are trying to figure out how these economies, that i just mentioned, including the u.s. is going to handle it once the fed fight tens interest rates. one day does not make a trend because going into today, the s&p 500, the broadest measure of the stock market, was up 6%. that's, of course, after hitting 34 record highs this year. apple was part of this the selloff today. it actually dragged down the nasdaq in a big way. almost 2% lower. investors wound up pulling apple's software update because of a glitch and claims that it is bending when in your pocket. it's being called bendgate, even though only nine customers have complained. >> bendgate reverberating in the new york stock exchange. thank you, alison kosik. >> sure. >>> officers from charlottesvi

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let's bring in business correspondent alison kosik and brett larson. >> it depends on who you talk toone telling me this thing looks so masculine. it's not sexy feminine. >> masculine watches are in. >> this is just one take. in many respects, this wearable technology still has a fashion problem. then came the jokes on twitter. one saying, this is not a watch if you're an ant. lindsay lohan could wear it on her ankle. but jokes aside, i talked to one analy analyst, this is a game changer what apple is bring out. this it watch is better than many of the competitors out there meaning what samsung has. so it really is giving the other competitors a run for their money. >> i can send you an emoji that winks. >> and you can customize it and send me your heartbeat because that's what we want to do when we're near people. i thought that was on the odd side of things you can do with your watch. send someone your heartbeat. >> here's why on that. i talked to one analyst who told me you look at the price point for this watch at $439. that's where it's starting. you see the heartbeat feature it'

cnn's alison kosik is in new york where the protest is taking place. alison, what's going on there?> reporter: this has been going on for over four hours. they came to wall street to shut down the new york stock exchange, which is right here. what they didn't do is shut down the new york stock exchange. but what they did do is shut down the street that runs alongside it, broadway at wall street. and most of the day was very peaceful. there was actually a mass sit-in. a lot of the protesters really just sat right in the middle of the street, right in the middle of new york city for a few hours. and a few minutes before 4:00, the closing bell, they marched to the gates of the new york stock exchange. i say gates because there are barricades there. police were waiting for them. and this is the first time we saw police actually interact with them. we saw the protesters try to storm those barricades and police actually fired back with teargas. we are sitting with the protesters sitting what they're going to do next. >> alison kosik, thank you so much. >>> the sports lead now, did the bal

we've got alison kosik in place to tell us if there's any disruption or problem.id that they are willing to be arrested and to expect massive arrests. the police have also said that they have, quote, an adequate detail in place to deal with all of this. >> switching gears, they are searching for three afghan and this is actually the second time in a week that afghan security trainees here in the united states have vanl nished. deborah feyerick is following this story. it's a very unusual story. before i ask you what is the latest on the search, perhaps you can explain why they are here in the first place. >> this is interesting. the u.s. military does this very often. in this case, it's u.s. central command and they invite people over for team building exercises. they invite members of other nations, six nations all together and 200 people taking part in these exercises and they are going over peace-keeping operations, they are trying to enhance the readiness of these particular officers. three officers, however, a major two captains were on a shopping trip during

. >> let's talk about that with cnn business correspondent alison kosik. how difficult will that be to find out where the money is going? >> there is some idea where the money is at least coming from. that's really the trick here. the bigger issue is to stop the flow of money to isis. some of the focus at least from the treasury department is to focus on these international funders, some of the private donors. the u.s. has frozen assets of some supporters in kuwait believed to be funding isis. you make a good point in the beginning of what you said. it's interesting that isis is one of the richest terror groups ever. >> $3 million a day they bring in. >> yes, it's incredible. last year isis reportedly brought in $8 million a month. a month. that was just last year. things have certainly revved up for this territory group. this is why you hear these comparisons being made that isis is operating like the mafia, they use these techniques, kidnap, rob, steal, intimidate. >> sell women into sexual slavery, right? >> exactly. that's part of it as well. another b

let's bring in business correspondent alison kosik. you'd think a smart phone would make money. everyone else's smart phone seems to make money. >> you'd think that. ever hear of the experia? that's sony's best selling model and no one has heard of it. part of the reason is it's only sold through t-mobile and t-mobile is the fourth-biggest carrier in the u.s. sony doesn't have relationships with verizon, with at&t. and then you pile on the competition out there, from samsung and from apple, they've got the lion's share of the market worldwide and you look at how sony's doing, it's a little dark gray little nugget there in that circle. 3%. that's a worldwide number, carol, so here in the u.s. its market share is less than that. >> is it because it's a lousy phone or just poor marketing? >> i think it's a part of poor distribution, that it's not with enough carriers, and i think the competition, i think, a lot of can t customers think apple has a better product, samsung has a better product, even sony's president acknowledged it hasn't kept up with innovation as apple has done, le

i want to turn to alison kosik live on the floor of the new york stock exchange. good to see you.at you're expecting this to list any second here. talk to us about the access to this stock. is this something that everyone can buy or is this only for institutional investors? >> well, at this point, at this moment it's for institutional investors and that's what the process is right now. you look over my shoulder, you're seeing this price range that's $90 to $91. that's what john q. public will have a chance to buy it at. this is the minimum at what john q. public will be buying it at. but the expectation is that price will go higher in the minutes before alibaba goes public. that pricing is happening right now so short answer to your question, alibaba is not open for trading but chances are that price is going to go higher if you're just a regular person looking to buy this stock that range is probably going to go at least a little bit higher. >> so alison, we gave a primer there on what alibaba is, but people are confused about wow, this is the biggest ipo ever. how will alibaba a

alison kosik joins me live with more. good morning. >> good morning, carol.g now is it's a price discovery process. alibaba has not walked on to the stage and gone public yet. so you're seeing a dance between buyers and sellers in the number of orders coming in. the orders are being put into the system but won't be completed until alibaba starts trading. what will happen now is there will be a callout on the floor to temporarily freeze orders and not take anything new and that's kind of a heads up that trade willing begin soon when john q. public for the first time will have a chance to get in and buy alibaba shares for the first time, carol. >> so what's the big thing we should be watching for today? >> the big thick that everybody will be watching for is the price. early investors got in at $68. those were the early investors. but the end game here, at least for the day, is that the showing is strong, meaning investors don't want to see this stock drop below $68 at the close, they want to see it higher if not at least keep that $68. it's all about smoke and

. >> pam: alison kosik explains from the new york stock exchange. >> reporter:the latest item on the menu from banks: how about a checking account. hold the checks? >> reporter:more banks are offering check-less accounts, as check-writing declines. a recent survey found 65% of americans either don't own a checkbook or prefer not to use checks. >> reporter:instead, they're opting for online or mobile payment tools. >> reporter:citibank is the latest bank to launch a check-less account. >> reporter:the new "access account" also makes it impossible to overdraw your account. if you don't have enough money to make a purchase, go through. >> reporter:the new account will cost you $10 dollars a month. >> reporter:but you can avoid the fee by setting up direct deposit or maintaining a monthly balance of at least $15- hundred dollars. >> reporter:bank of america also offers a check-free account. >> reporter:and chase has introduced pre-paid cards as an alternative to checks. banks have a reason to embrace the shift away from checks: >> reporter: providing boxes of paper checks to customers. b

in fact, alison kosik has been collecting a lot of information about alibaba. that's a big number from a massive company, twice the size as ebay. in fact, she is right on the money. this is an amazing story that so many people had no idea about. alibaba is a bohemeth. >> it really is. this stock opened at $92 po.70. it beats out facebook, bank of america, intel, amazon, you name it. >> crazy. >> it is nuts. you should have seen how it was on the floor just now. i just had a chance to run into jack ma and i asked him, how does it feel, your baby went public. he said, it's an honor. it's an honor. >> so alison, i have to ask you this because, of course, people who hear about these stories, they want in on the action. but it's important to know that they can tank like mad and then madder and this company is tied to the chinese government. you can never separate the two. if you're investing in al bee baub ba, you have to be certain that you love every aspect of it. >> it's interesting because you look at the corporate structure of this company. there's 27 board mem

we'll get more information from alison kosik down there. is it peaceful?> reporter: it is peaceful. they came here to the financial district chanting this is what democracy looks like. whose street? our street. they came down here to close down wall street but what they really closed down is broadway. look over here. way down there all of this is broadway which goes right by the new york stock exchange. the original goal was to close down the original stock exchange. what they have effectively done is closed down broadway. there hasn't been traffic here for three hours. that's how long this massive sit in has been happening. over 100 just sitting here in the middle of the street on broadway here in new york city. i want to show you another look. go behind me here. as far as the eye can see, you see the protesters protesting big business that they say is contributing to global climate change. don? >> you know, is that the occupy wall street crowd or is this a different crowd or shoot off of it? what is this? >> reporter: you know, it's interesting you ask t

. >> reporter: alison kosik, cnn, new york. >> if i could get it in stripes or polka dots. >> you wouldre in that. you could charge every device you own. i think that wraps it up for us. what do you think? >> i think it better. >> have a great weekend. >> "legal view" with ashleigh banfield starts right now. >>> he is on video punching his fiance and fans, women, have no problem wearing his jersey. why all of the love for ray rice? that's coming up. >> he shot and killed three students at his high school and last night, t.j. lane, a teenage killer with zero remorse escapes from prison. >>> olympian oscar pistorius was found negligent but not of murder. how long will the judge lock up the blade runner? i'm ashleigh banfield. welcome to "legal view." last night, in the heart of

alison kosik has details for us from new york. >> reporter: a big sigh of relief from wall street.ike the u.s. federal reserve won't raise interest rates until at least next summer. as expected, the fed also continued reducing its bond buying by $10 billion a month. the fed is widely expected to announce one final taper when it meets again in october. but it was the interest rate time line that the market was really listening for and basically it all boiled down to two words, considerable time. in its statement, the fed pledged to keep rates low for a considerable time after the bond buying ends if the fed had dropped those two words that could have been a signal that it might raise rates earlier than expected but now there's a new question for fed chief janet yellen what does considerable time mean? >> i want to emphasize that there is no mechanical interpretation of what the term considerable time means and as i've said repeatedly, the decisions that the committee makes about what is the appropriate time to begin to raise its target for the federal funds rate will be date depende

alison kosik, cnn, new york. >> allison, thank you so much. i appreciate it. i'm brooke baldwin. thanks for being with me today. i'll see you back here tomorrow. to washington we go. jake tapper, "the lead" starts right now. >>> from we don't have a strategy to here's the strategy. what will president obama say this evening? i'm jake tapper, this is "the lead". >> the the politics lead. prime time president. mr. obama finally sharing the with the american people the plan to destroy isis. we have the advanced word on what he's going to say in just a few hours. it's been a month since police gunned down michael brown in ferguson, missouri. demonstrators are launching a potentially protest this hour to shut down a major highway there. >> and the sports lead. it's not necessarily a lifetime ban after ray rice was caught on camera punching the woman who was now his wife. he could return to the nfl says commissioner roger goodell who is provoking outrage in his own right. ♪ ♪ ♪ ♪ >> good afternoon, everyone. welcome to "the lead." we of course, will begin with the politics lead today.

. >>> in today's fashion backstage pass, alison kosik shows us how social media is helping clothes sellight off the rack. >> reporter: so you say you want it, that you've got to have it. well, if you like it, you'll know where to buy it. >> if they like my photos, we'll receive an e-mail with a link to that specific product to prebuy it and they get priority access before anybody else. >> reporter: fashion blogger blair edie sits front and center at the fashion show in new york armed with her mobile phone, she posts some of the looks from the runway on instagram and through shopping service like to know it helps her followers know exactly where to shop for these fashions. >> why not be accessible for her? it's important. if we like something, we should be able to get it. >> reporter: here's how to get it. sign up for "like to know it," follow someone who uses the service. for example, fashion blogger blair edie or shea mitchell. and if you click like on one of their fashion posts, you'll automatically get an e-mail of where to purchase the clothing and accessories. >> those authentic en

alison kosik explains. >> reporter: apple since not everyone has pre or the iphone 6 will receive them until next month because they deny have enough to serve plautus. it will make some available for walk-in customers this friday. both models will also be tnt and team mobil and verizon wireless >> reporter: bigger display which means a bigger battery and a longer battery life. 11 hours of video watching on the six in 14 hours of video watching on the 6 +. >> reporter:a new survey is suggesting employers will hire more people before the end of the part of the bay area. >> reporter: manpower group -- an employment services firm. >> reporter:in it, analysts asked more than 18-thousand employers in the 100 largest u-s cities about their hiring plans for the 4th quarter -- the three-month period ending in december. >> reporter:researchers found employers in 47-states plan to increase their payrolls during the fourth quarter of this year. >> reporter:the strongest job prospects, they say, are expected in texas. phoenix. and san jose. >> reporter:coming up. >> reporter:why this sweater is cau