was trying to threaten to sell their stake in ali baba.had everyone screaming about corporate governance. >> obviously, scoring a big potential victory over hong kong, and this speaks volumes on the side of china's e-commerce machine. this is a bloomberg contributor, david kirkpatrick, on surveillance this morning. >> the chinese internet, it is increasingly the most important part of the chinese economy. the reason this giant ipo, it's just that in the rest of the internet world it is where e-commerce is shifting and this is the leading commercial company on the internet in china. in terms of why it is in the united states, a lot of that has to do with governance and whether ali baba will be allowed to have multiple tier stock structure. in many companies, a small number people control the companies paid overtime. the new york stock exchange has no trouble with that. hong kong does. ali baba is partially located in hong kong, so it is all the more humiliating for hong kong. >> but also they are saying, we want a slice of the u.s. market a

ali baba has a harder road to glory than tencent. you look at the competition at what will happen, tencent is a much better deal and not overhyped. >> the expanded that to talk about the 24 or two dozen tier two cities. they suggest they have difficulty growing and one wonders if the market is not as big, if it is the market and that handful of 28 cities. >> weibo has hit a limit and the number of subscribers is declining. the chinese central government has seen weibo, and the chinese government does not like a lot of what is said. it has started to attack those posters who have big followings. because of the attack on them we have seen conversations become less a vibrant and less popular. when you look at what is happening people are migrating to wechat which is an instant messaging system. they are not exactly the same but we can see a migration of conversations from weibo to wechat and that is not good for ali baba. they were purchased last april at an inflated price. >> all these issues will continue -- we will continue to examin

first of all what concerns you most about ali baba? >> to look at the risk, these companies have what is known as a variable interest entity structure which was just described. we have to remember that the structure is the successor to the foreigners did in telecom sector which was also off limits to foreign investors. in the 19 90's, the chinese government took the foreign investors out of chinese unicom by taking away their shareholders because that etructure, like the vi structure that ali baba will use is illegal. you have a situation where the chinese government is permitting the situation to continue but could change its mind at any time. >> you have a long list of reasons why the audit -- ipo could be disastrous and another one of the reasons that you put forward is the condition of the economy and china. the fact that gdp is growing more slowly than it has been. how much growth do you see in the future for ali baba? they have more transactions than amazon and ebay combined. that sounds great. proportion of the online payment se

, they owned a quarter of ali baba.tuart: if you had to call it, if you are buying stock for baby cora, it would be ali baba. >> ali baba for short. stuart: yahoo! owns 24%. a solid reaction to the upside. 3%. nicole: yahoo! looking good. 24% stake. it could be the largest public offering in history. can you show me that one? >> we are talking about this $500 million ipo. the stock is up 6.3%. >> which one would you buy? >> i buy what i know. that is -- i understand, sandra. >> will they come to the new york stock exchange? it has not been confirmed. >> i would not want to be in charge of that. >> i think it was buried by the news. they are giving up oversight of the internet. why would we just give up control of it? why would we do that? i believe they will pose an answer to my question. >> we have a contract that expires september 2015. the commerce department is looking ahead. what are we going to do? are we going to extend for another four years? there was no government control. the internet remains free and open. >

i think ali baba is getting priced as if they're the facebook now.nd because of that, i think it does -- real or not, i think it does make ali baba $150 billion or more on the open. >> guy? >> it's critical that it's $150 billion. i think to your point, i think that the market will take over. and you could see a $200 billion print, which gets yahoo! over 40, for the reasons that pete cited. and i think ali baba is a big component of this. yahoo! earnings haven't been great. but the stock down 2%. as long as it holds 35 1/2, 36, it goes higher from here. >>> let's get a news alert from time warner cable. >> reuters reporting this afternoon that time warner ceo, rob marcus, stands to get $80 million in a golden parachute if that $45 billion deal, come cost's $45 billion deal goes through. reuters breaks it down this way saying, marcus could receive about $20 million in cash, $2.5 million as a bonus if certain targets are hit, and $56.5 million in equity. no word on whether he gets free hbo with that. but i suppose if he has that much, he can pay for it

ali baba has been focusing on cross-border growth. it started to take chinese merchant goods internationally. that is the business model. per capita income increases. and also goods from china exporting to the u.s.. >> alibaba has quite an operation in the united states. we don't talk about it a lot, but on the b-2 be side, u.s. businesses actually get their goods through alibaba.com. whether it is a random ingredient to some kind of lotion that they can't get in the united states. they get that on alibaba.com. maybe it comes from tie haiti or something like that. paul, what do you think about the extent of ali baba was potential -- of alibaba's potential? to grow even more globally, further infiltrate the u.s. and other markets? >> the primary reason for the u.s. offering was simply the the control. jack ma only owns 7.4% of the stocks. one of the benefits is to make this company, a lot of people outside of china don't know this. the global offering is a way to introduce it to other parts of the world, investors, other potential part

owns a stake in ali baba. yahoo!n the nasdaq and there are all kinds of tentacles and degrees of separation. can't turn to morgan stanley and say i don't care what you think. is a personality to be with the nasdaq. >> i can tell you usually that is why they won those in the past because all the tech firms have generally been there but things are different now. having an underwriter you pick an underwriter for a reason. when you pick an underwriter it is to recommend a listing then you. i am telling you, morgan stanley does not as an institution particularly the top guys are not fond of the nasdaq. they felt they botched that facebook ipo, felt the response to the botched facebook ipo from the top was not adequate. they -- bob greifeld and gorman did not hit it off at a couple meetings at least one meeting that i know. they patched it up since then but they seem like guys that don't get along and i know one meeting they had was a very i see meeting. i am just playing -- i am just laying odds here. i am not saying ali

. >> cori, isn't ali baba's sales growth rate -- slowing down? >> how much of a slow down is the question. is the growth organic question --? is the business truly growing. one of the concerns is that the four big cities in china have seen a lot of growth for these e-commerce, online, social businesses. after you get past those cities, there's not a lot a lot of growth in china. not all of china is available to them. >> that is not unlike what we're seeing in the united states. the same is happening to twitter. talk about the significance about both ali baba and weibo. >> the market in the u.s. is a little better for shares, for controlling the company. this shows that for ali baba to grow when it gets that big, they have to start to load for other growth areas. there is speculation that they will start to look at u.s. markets and u.s. businesses. >> this is a big question. is this a business that is set up to do business in the u.s.? a lot of the infrastructure -- you see amazon and ebay building up physical infrastructure. can ali baba still ge

paul, what do you think about the extent of ali baba was baba'sial -- of ali potential? >> the primary reason for the u.s. offering was simply the control. only owns four percent of the stocks. one of the benefits is to make a lot of people outside of china don't know this. the global offering is a way to introduce it to other parts of the world, investors, other potential partners. even though the growth outlook in china is extraordinary and is considered a long-term growth will belearly, ali baba more competitive than in their core chinese market. up next, yelp chairman, yahoo! board member talks about how tech can solve societies against problems. ♪ you will "the best of bloomberg west. so world issues, crisis in ukraine, a multinational search for a missing jetliner, nsa and the spying controversy. what are the biggest problems in the world to solve? 10 technology fix them? our editor at large cory johnson and i spoke with max levchin. >> is a specific color to it. it is focused around the notion of data as the raw material to be used to solve problems. the process a

if any have new york is flexing its like kielbasa laughter chinese e commerce giant ali baba confirmed its launching its ipo the new york investment bank value ali baba as much as two hundred billion dollars. and just based on market capitalization of the second biggest internet company behind google company of like ali baba rushing to left on us exchanges that delivered a blow to asian and european markets. but try to weigh in on the ipo battlefield the trend for ipo is moving to the us has been in place for quite some time now. over the last twelve months two hundred and thirty eight died he owes have been listed on the new york stock exchange and the nasdaq. beating hong kong which is that ninety nine listings and trumping the london which has sixty eight. today i spoke to propel founder and ceo sap of a doubt the fact that the big win for the new york financial markets has tremendous with hong kong was the original plan for. ali baba to us of the rated cdos some issues with it on bob's desire to have a dual class voting structure of the founders with essentially maintain control it

about china's largest online shopping platform owned by ali baba. on the other side of ali baba. i can feel fine of over five point seven billion dollars in one day the making of the end of every lead that the lord of online shopping day in the world. with the cute japanese promotion of the bob is trying to make one day become the second single day cover top note no longer just getting around to blogs for promotion. the country's working on this industry. as reported by one unit. ali baba that millions of dollars promoting the festival walker went on to the ktv restaurant. consumers would need to spend three point eight us where did you expect when thirty percent of the joe price to enjoy the services. as ali baba want to change people shopping habits from what type of mobile phone at all these activities are only open the mobile phone users many net users speaking highly of the promotion activities. woodrow quo. rich countries like ali baba are really giving benefits to consumers. or treating people to keep drink sing and play with their money. why should they noted that appears

ali baba is that 1.78.bay is that 4.5 and facebook is --t to see be interesting what numbers they present. income will be strong. >> what about the banks? they are all like equal dogs and they are going to give them the same amount. no single bank will be the lead underwriter and that means lower fees. good for ali baba and less good for the banks. >> hans, think you so much. we will go to haunts for any update in ali baba today. and thep, share sales ipo. we will tell you how much the shoemaker is work, coming up. i will see you in just a couple minutes. >> welcome back. i'm francine in the bloomberg european headquarters. this is how things are shaping up. we are seeing quite a lot of gains. everything is gaining. the ftse is gaining and it is a similar measure for the dax. the ibex is gaining. there is a drop in equities and this may be a bit of a buying opportunity on the back of a correction. this is the crimea vote to secede from the ukraine. this was widely talked about and there was no surprise ther

ali baba's investment bumps the start up, $1 billion valuation point and this could help ali baba supplementts struggling messaging service which competes and basically sales to get traction. ali baba's executives were helped along by jerry yang who had an investment in 2005 and yahoo! has a 24% stake in ali baba and stock is down 1%. it is unclear if tango is profitable. the company generates revenue from games and music and there's a lot of potential. cheryl: it could be different devices. the iphone and reach out to somebody on samsung or something like that. >> traverse different devices for video chat or text messaging, text chat. it runs again end gains a lot. adam: at&t jingle. all right. look at that. we are watching shares of at&t one of the biggest winners on the dow today. nicole petallides is on the floor of the stock exchange, not older to remember reach out and touch someone. nicole: i don't know. i am not sure. let's talk about at&t on the dow jones industrials, held the top spot behind jpmorgan, at&t is up 3%, focusing on telecom especially because this week we had a volatile

owns 34% of ali baba. ali baba has been good for ma reeceia meyer. the to be has doubled but most was driven by ali baba. another round of recalls for gm. this is in addition to last month's recalls 1.6 million small cars with theics in addition switch. the new recall involves 1.5 million additional vehicles mostly suvs. gm says it will spend about $300 million to repair all of the recalled vehicles. ceo mary barra said the auto giant is undergoing an intense review. >>> and good news for people who want to get rid of old video games. on wednesday, march 25th, walmart will begin collecting old video games and reselling them. but you won't get cash. you'll get credit to buy something in the stores or on their website. >> thanks so much, jill. >>> coming up on the "morning news," california quake. a series of quakes and rattling nerves. you are watching the "cbs morning news." some not so giant. when managing your weight, bigger is always better. ♪ ho ho ho ♪ green giant dear armpit... in the lottery of life, you drew the short stick. people shave you.

has a method to exit its stake in ali baba.vernment looked it and realized ali baba is owned primarily by sworn entities. this has been in the works for several years in order to allow yahoo! to exit stake and make it more of a chinese health company. >> how game changing is if riley baba to go public echo class i think it needs to go public now is losing in mobile and it will give it the currency it needs to make more acquisitions. press ok. it is lagging behind in mobile to a rival. a messaging service. is it similar to a what's apple or what is it that is beating alibaba? >> it has been the dominant internet service similar to yahoo! in its heyday. bunch branched out to a of different services. one of them is a popular messaging app similar to what's app or more like facebook messenger or the yahoo! messenger. the messenger service has 250 million users. it is massive. a lot of them are based in china. it to dominate the mobile audience. quest that is huge. are you hearing what ali baba will be doing with some of the process

ali baba. long-awaited ipo.o put it in perspective, the potential stock sales would be the one of the biggest in history and may even top face the's $16 billion offering. in our bloomberg west editor-at-large, cory johnson, life. cory johnson, explaining szekely would choose to do their deal here and what makes it so valuable to u.s. investors? >> i do not know. class you here today? -- >> your hair today? is slicked back. i went for a run. i doubt myself and beer. a very interesting company because it is a combination of a lot of things we know. some combination of amazon.com with a little bit of google and ebay thrown in there, as well as a big paypal component. it has 800 million registered users. a great a giant is this. it may be the biggest pending on how the market likes it. i think as to why pick the u.s. over hong kong, it is interesting. to letng refused shareholders take a second seat. they have insisted on a corporate structure that disadvantages shareholders. they would not get away with this in hon

what makes that any different gekko why can't ali baba be like baidu? >> history as told by the victors. the chinese security and -- there is a long list of failed companies that didn't live up to their promises. companiesd chinese that went to zero because there were big questions about their process. those same structures are here in the weibo filing. excitedody else not too about these tech companies going public in the west -- he worked in china for almost two decades. first of all, what concerns you and about alibaba weibo? >> these companies have invariable interest structures. you have to remember that the structure is the successor to what they did in the telecom sector. in the 1990's, the chinese government basically took the foreign investors out of chinese intercom by taking away their shareholders. , like the vip structure that ali baba is going to use, is probably illegal. you have a situation where the chinese government is submitting the situation -- permitting the situation to continue but can change its mind anytime. >> you have a long

buying a stake in the ali baba rival taking direct aim of ali baba owned by all who.e amazon. a huge market online shaking out said two or three major players? ltd. is the big problem for yah hoo potentially. with the online shopping retail sales expected to surpass one today billion dollars this year ali baba is about half of those sales. they are a huge player every time they report earnings it is a big deal. marissa mayer is better watch out because it puts them in direct competition with ali baba could be a larger threat. >> i gave you a play on this last june and number $47 is now up $18. stuart: how did imus that? >> i gave you that tip of the seventh in the 17th. >> to have a cozy relationship with the communist government what the bible's can do that competitors are frustrated. >> 272 million active users. >> bye-bye stock for my seven grandchildren it is hit or miss the that is our want to be. i cover on-line retailing closely. joining us now, welcome back. a whole new group of online retailers social meeting it is your point? of a new way to feat customers i

ali baba has business to business also business to customer j.d.es mostly inventory keeping get in fulfillment centers although alibaba contracts. it is a different business model but the same stuff getting to the consumer. cheryl: american and southwest airlines is hitting record highs but let me show you the intraday pitying the all-time high. now we will show you the exact situation and the southwest is off the fresh new highs and of course, for american airlines we have february passenger traffic it is not a surprise to any of you if a major factor last month that thousands of flights were cancelled leave the into traffic decline. united canceled more than 11,000 flights and also 1.1% from february of last year. this is day one your chart. it is up 52% year over year. but they did have the decline american canceled 14,000. it is ending the agreement with jetblue. with the sharing of reservations it is dissolving all of that now delta and announces that miles are based on money spent not just miles flown. also a five rendered million dollars sha

big gains as ali baba has listed its ipo here in the united states.uld raise up to $15 million in the biggest initial public offering since facebook. >> yahoo! owns 24% of it. they're going to have the biggest ipo ever. >> do you sell yahoo!? >> to me, i got short. >> stepping on you a little bit. >> i want to know. people want to know. >> i think 40 could be some significant resistance. i think you sell the news here. i bought puts today. as a near-term bet. i don't think we're going to see an s-1 in ali baba for a bit. this company, they're in china. and china, the economy there, it's murky right now. >> that's interesting. i have a question. i like when we get everybody together. >> that is nice. inclusive. >> should we be concerned -- and i'm throwing this out there. that ali baba chose to list in the united states. >> in french. >> that's mandarin for united states? >> are they concerned with the state of their markets? or what's going on? just throwing it out there. >> they want institutional investors. and the biggest institutional investors ar

i think the ipo will open the market to see what ali baba is. see this as a way into the messaging market and internet market? >> i think people are realizing how strategic mobile messaging is. these are apps that you are checking 20-40 times a day. there is great opportunity to grab the mind share of the consumer. >> i wonder if this opens up the chinese market to you guys in a bigger or more meaningful way? >> it absolutely does. as a silicon valley startup, there is a presence in beijing, china. we have been going back and forth. our presence in china has been limited. i hope that we expand over there. we want to be global, and china is a mega market. >> yes, there are a few people there. [laughter] do you look at global markets in different ways? >> we do. we are often in 224 countries and 16 different languages, also. for example, in the middle east, tango does extremely well with was a dominance. with the social networking experience that people have. for that reason, we are set up to be used in that way. that shape the way that we have go

ali baba is leading an investment in tango. deals coming thick and fast. deals reporter matt campbell. tango. let's talk about tango first of all. it seems like an orange drink, but it means something else. >> it is a messaging app. dozen outabout half a there that have a critical mass of users. what is interesting about these apps, if they are all sort of the same. there are slight differences. indeed. some of them are orange. but apart from the visual interface and a few extra features, they are all basically quite similar, offering some commendation of text, vooice video and photos. so many internet players feel the need to get on top of some .f these startups here these big players are nervous about some of the engagement numbers these messaging apps can show. the amount of time people spend in them. they won a piece of that. they want to be an on the ground floor rather than making their own competitors. >> they do so much. we are going to go to that malaysian press conference we are expecting, as we are getting some news. we got some news overnight o

s stake in ali baba is largely responsible for the 150% stock rally. public, baba goes yahoo!ts ownership, wondering just how valuable the core business is really are. want to turn to brian wheezer. yahoo!.s let's start talking about the real value at yahoo!. we cannot give a lick of credit to marissa mayer. she walked into that. since she took that job in the stock is up 150%, should we be singing her praises or sending a inc. you know to mr. yang? >> even she has been grateful to .erry yang there was great interest early. >> what core businesses does --oo! have right now that when you think about what melissa -- marissa mayer said, she was excited and thrilled that they were reaching out and katie couric was going to be part of the yahoo! universe. she is an engineer. from an engineering respective, what are they doing. been very clear about what they have been focused on. first it was people, products, and then revenue. if you do not have a full and complete understanding of how to make the revenue, maybe the people and products on going to be the right fit. -- are not goin

doo ba baba doo! you're right, barry! baba doo! we can help solve hunger by teaming up with feeding america to get food to hungry kids in communities across the country. announcer: help flint and the feeding america network of food banks get food to the people who need it in your community. find your local feeding america food bank at feedingamerica.org/hunger together, we're feeding america! >> it was awesome, and i loved seeing the dolphins. they are, like, awesome. >> we're at the national aquarium in baltimore, home to some very cool atlantic bottlenose dolphins. now, they seem friendly 'cause they look like they're smiling. are they? >> well, that's actually one of the most deceptive things about them, that they're always smiling because of the way their mouth is shaped. they can be friendly, but the thing is it takes really a lot of time to develop a bond with them. that's why the only time you should try to touch a dolphin is in a supervised program like the dolphin encounter here at the aquarium. >> and now we're gonna go a

clearly ali baba is a win for the u.s. market but is it a good win for investors and a good investment? that remains to be seen. was a couple months before ali baba ultimate becomes to the marketplace. adam: thanks for giving us perspective on the ipos. cheryl: sandra smith is watching google, announcing a new partnership with where rebel tech google glass. sandra: with this eyeglass maker, this is a stylish company google is opening, and sunglasses, and google's internet connected glasses a little more cool and stylish than you and i go. it is based out of italy, but designed to develop the connected glassware which so far is only available as an expensive prototype in the u.s. google glass is of interest to a lot of people, it would record a video, e-mail, search the web and stylish glasses to potential millions of customers. google had jumped earlier and came off as a lot of shareholders are analyzing what the deal means, a 4% on word of this deal. wall street analysts are big fan of this move with one saying, quote, th

in the case of ali baba, this one could be the largest ipo ever. in fact, a major company, u.s.ted company maybe one of the top 25. that means that that company, it will be a very big offering. that company will probably end up in major institutional portfolios and possibly in the s&p 500 over time. so that is going to be one worth watching. >> kathleen, thank you very much. kathleen smith, renaissance capital. >>> a solid rally on wall street today. investors were in the buying mood after a new report showed consumer confidence in march reaching a six-year high. the dow shot up 91 points, the nasdaq was up almost 8. still weighed down by trouble for biotech stocks. and the s&p also added eight months. >>> home prices are rising a lot. the shiller price index found in january home prices rose 18% from the same month a year earlier. but sales of new homes dipped more than 3% in february, sinking to a five-month low. wicked winter weather in many parts of the country. there you go again. that gets the blame. >>> an influential member of the federal reserve says he's surprised at h

. >>> coming up next is ali baba's expected ipo a reason to buy yahoo? time for today's mystery chart. you are looking at the best-performing global stock market this month. it's a bit of a head scratcher, but i'm sure we have some very clever viewers. >> here are your hints. best performing stock market is also home to the world's biggest flower and the world's smallest primate, but in a totally unrelated segue here's bill griffeth with a look on what's coming up on "closing bell"? >> i'm just trying to keep up. we are all over. if you watch the market right now, we are hitting highs for the day, the dow up almost 200 points. we'll talk about what this rally means. is the sell-off last week ancient history? twitter one of the few underperformers today. is there value here? or did twitter rally too far too fast after its ipo? we have a bull and bear coming up. >>> domino's ceo tess us what the tip-off to march mads in means. it's all about pizza and bask ball. we look forward to seeing you for "closing bell." stay tuned. tdd#: 1-800-345-2550 trading insp

really ali baba can be too happy with this lee is an intense and has agreed to by fifteen percent stake in jd got caught in a deal worth around two hundred and fifty million dollars the deal in concrete a dot com established e commerce business but tense and squeaks that celcom also take control of ten cents on successful e commerce business but don't forget to get on the set to raise a whopping one point five billion dollars in a u s ipo this year so this latest announcement would make the share offering even more appealing to celcom expect to benefit from weak chocs massive user base tends to also buy an additional five percent stake after the ipo of course ali baba is by far the leader in china's e commerce market but it's been losing ground to ten cents on the volga cuts increase smartphone and top with you says to date and send share clothes over two percent in the red and that's the latest copy of the interesting thing is that nice when a guy in front and from hong kong. now when i was disappointed at the ball from china. it took aunt annie and probably others moved since last fri

baba has made you of the pharmaceutical company in the hobbit. because that's not the owner of a one billion yuan one hundred sixty million dollars to purchase online at it like that. the two of the first appealed to the kind of like note that the plight of the market that are worth the price. early one hundred ninety four licences issued by the chinese government the pharmaceutical companies to make your life. all of the companies are limited to going offline. without a well known class. all the bbq downtown would be like and pharmaceutical companies will be making. medical petitioned the farmer can read it rather than customers bullpen with a couple christina find it. hopefully after the leak of a productive life newcomers might change the current medical help model. we came up with a major upgrade from to let ali baba was telling that it didn't work out a life like tails the fraudulent emails were from retailers. facts are information provider rather than actual talent. the price not much different retailers hooking the reader like to take a b

job of the bible with two percent now basically thanks to local media sweet voice saying that ali baba has invested in the cells. this is a sinopec the league. this would be awful opt to keep a list of reforms of state companies so when all hopes up but the reforms in the us in the game the captain of ten to ten as they can see are selected by nearly one percent and this is also kept on a night on sonic for the development bank. now on this company suspended trading today after news outlets wedding around that the company is likely to acquire some great shots of the markets will be watching out for more consolidation in the financial industry here the last but not least to us whitening trading band has dimension is definitely a bit of a banned list for the markets and that has also allows more speculations and watched the pbs his next move will be sexist but it will ease the interest rates. they also love dvr you are talking about the deal at st augustine be the housing market's me after the news about this man and wife in the trading band of the currency or what if i say about the bla

largely, that's alley baba. which is why they were looking at the weeklies, rather than something longer dated. we have joe si, going to speak at that conference at 8:00 a.m. pacific time. that's may be what people are looking for. to see if the executive vice chairman is going to say the favorable things about yahoo! that yahoo! had to say about them today. >> pete, are you on this trade? >> i am. i love it. i agree with you, mike. i like this going into it with the ali baba and everything else. but the activity continues to come in, week after week, in the weekly options. i have to be in with them. >> catch options action every friday. check out the website. >>> let's move on to bitcoin here. another bitcoin site, flexcoin, has closed its doors after being robbed of every coin it held online. >> whoops. >> this comes one week after mt. gox, went offline. >> how can i get in, beaks? >> an excellent point. some exchanges had to die for bitcoin to survive in the long run. the thinking is that it legs regulators t

and ali baba. you talked about risk to china. there may be questions about core macro economic drivers of china and chinese ecommerce. but yahoo! investors are counting on ali baba to have that monster valuation. >> and your rating on yahoo!? >> we're neutral on yahoo! >> got some breaking news on herbalife. let's get back to scott at headquarters. >> thanks so much. we continue to follow this news of the ftc investigation into herbalife's business. some color here. a source close to herbalife telling me that the company was surprised by the ftc investigation. i think i can almost go as far as to say, they were blind sided and surprised, as many of us were, to get this news today. but that the company, as it said in its statement, welcoming the investigation. it feels, according to a source, that the investigation is now the best way to battle bill ackman's accusations. i can tell you from a conversation i had with a source close to the ftc. that some of the investigation can take up to a year, perhaps longer than that. that it c

ali baba per pairing to foul for an ipo as soon as april in the united states. >> of this is a big one that the banks are waiting for, the lawyers. >> someone said the biggest tech ipo ever. >> it could be. we do not know what the ultimate valuation will be. we do not know if this bull market will last this long. it is a big factor. >> analysts have been valuing it at one -- at 153 billion. york.joined from new tell us the details. what do we know? may possibly come here. it is up in the air with the politicians. hong kong could come up with a last-minute deal. it looks increasingly likely that they will list here. the filing could come as soon as next month. that is something that is pretty newsworthy. they been telling us it is not on a time limit. it looks like it could be coming up pretty soon. said that they are not in a rush. there's not a timeline for an ipo. >> you look at the competitors. there is a battle of the tech giants in china and trying to control the 618 billion internet users in china. the shares have skyrocketed, enabling them to make more acquisitions because they

, you could say investors are getting ready for the ali baba ipo and so they're finding a way to invest in a piece of this company before the ipo. >> exactly. if you are a yahoo! shareholder, you look at this as an opportunity for yahoo! to sell its shares. if they do the filing next month, shares would continue to rise up to that point. that is why we saw a spike today. >> in your story, you talked about the possibility they could list in hong kong. i know there are regulatory issues, but they are leaning towards the u.s. at this point. >> exactly. sources are telling us that they have to come up with a solution with a hong kong regulators and that is over the partnership structure. been able to come up with an agreement with the hong kong exchange. the u.s. regulation allows that to take lace. it is looking like it will take place here. >> thank you for joining us on "bloomberg west." we will follow that story. thank you for breaking bad news for us. now to a new twist in the mystery of the mission malaysia airlines flight. i cannot get enough of this story. i'm obsessed. >> it is fun

. >> jamie robinson is here looking at ali baba. >> thanks very much indeed.is is the e-commerce giant ali baba. the move had been widely predicted by analysts. they are predicting the listing will raise $15 billion. however, alibaba did not reveal when the ipo would take place or which change. it is initially planned to list in hong kong but talks broke down last year. vodafone will buy ono. the initial public offering which was approved last week was not going to go ahead in madrid. the deal is the second takeover in the past six months. >>> we're going to have more on those stories in about 15 minutes's time on "world business report". in the meantime, i will hand it back to geeta. geeta? >> thank, jamie. three years into the war, syrians are trying to reach back into their own country. u.s.-backed radio broadcast two in the city of istanbul. they spent a day at the station. >> reporter: from a rooftop in istanbul, rowa presents "good morning my country." she reads the news on syrian state tv. but she got fed up with being told what to say so she went into

. >> all right, nadine baba is there. >> john kerry outlined a number of objectives which he said he shared with sergey lavrov. including free and fair elections, and steps to protect the various minority groups in ukraine. but i think it's clear that the u.s. and russia do have a very different vision of how a democratic ukraine, what it would look like, russia wants to see a federal system. that's something sergey lavrov have made clear. he wants to see grawrt autonomy for -- greater autonomy for various regions. that would be good for parts of eastern and southern ukraine where there are many russian speakers, where there are many strong ties historically and culturally with russia and united states and its western allies are very keen to see the may presidential elections followed by parliamentary elections. but they're very happy to see the current players people who were formerly in the opposition against president yanukovych taking part. and they see that as the democratic wave that's coming through ukraine. however, it's not clear whether russia will actually start talking to

but baba said he arrived to find pistorius carrying his girlfriend's body down the stairs. peru has agreed to extradite joran van der sloot to the united states when he finishes serving a 28-year murder sentence. that's according to a report by the peruvian news agency. van der sloot is a suspect in the 2005 disappearance of alabama teen natalee holloway. she went missing on a trip to aruba. u-s officials want to try him on charges he extorted money from holloway's mother by offering her bogus information. van der sloot was convicted of murdering a woman in his lima hotel room in 20-12. low levels of radiation from the fukushima nuclear disaster could reach ocean waters along the u-s west coast next month. scientisits predict that the radiation will be at extremely low levels that won't harm humans or the environment. but they're are calling for more monitoring. right now federal agencies don't test pacific coast seawater for radiation. this comes three years after the devastating japan tsunami that resulted in a nuclear accident. a photographer taking souvenir pictures for

. >> audience member: baba booey >> baba booey, there you go.dude, congratulations on everything. yeah. beautiful, right? [ cheers and applause ] >> i have to apologize for the band. i think during the ping pong they saw my ass. >> jimmy: sorry, roots. you did, yeah? judith, i'm sorry. yeah, yeah, yeah. >> judith is one od those women in therapy right now for showing my ass. >> i'm covered. >> jimmy: yeah, we can give you a discount on that. >> she's star of the new documentary "ten feet from artie lange's ass." [ laughter ] >> jimmy: it's not up for an academy award, weirdly enough. it's not up for an academy award. no. >> it's up for nothing. >> jimmy: it is up for nothing. artie, i follow you on twitter. >> you do? >> jimmy: i love your tweets. >> oh, thank you. >> jimmy: at artiequitter. >> it's at artiequitter -- >> jimmy: not arite twitter, it's artie quitter. >> i try to have a negative message for my fans. [ laughter ] >> jimmy: i appreciate that, yeah. >> well the thing, there was an art in the old days to giving up. too many people are

. >> ahÍ va mi huesito soltando su baba para volverse a formar. presentarnos lo Último en el mundo del espectÁculo. >> gusto saludarlos una vez mÁs desde los Ángeles. como siempre esta semana tenemos las noticias mÁs candentes de hollywood y el mundo de la farÁndula desde el nuevo paseo de la fama en la ciudad de miami. una entrevista exclusiva con la estrella hispana que mostrÓ su talento en la nueva cinta de godzila. >> el rapero fue condenado a dos aÑos de libertad condicional por agredir a un fotÓgrafo en el aeropuerto de los angeles el aÑo pasado. no acudir a la audiencia que una representÓ una declaración a travÉs de su abogado. tendrÁ que cumplir 250 horas de servicio comunitario y 24 sesiones de terapia para controlar su ira. >> la inauguraciÓn se llevarÁ a cabo este viernes. andy garcÍa y fox serÁn los primeros en develar sus estrellas. podrÁn disfrutar de este evento en vivo por nuestra pÁgina de internet. no se lo pierda. en exclusiva, entrevistamos a vÍctor, la estrella hispana que brillÓ en la nueva cinta de godzila. >> lo mejor de ve

they have their own internet giant, ali baba, those are free.ou could envision what potentially could happen, right? >> yes, absolutely. there is a lot of talk every few years about an internet kill switch, something that would absolutely monitor hate speech. you know what, as ugly as this is, the truth of the matter is it's ugly freedom. this stuff and it goes on out there and if you don't think that an international body is going to step in and grab for that brass ring when they get the power to do it, that's exactly what they will do. it baffles me that the president would even consider. one more quick one, international criticism of this groups, the criticism is that they have been giving favor to big american companies google, facebook, microsoft. hey, what's wrong with that? we created it, right? >> the other thing that's interesting is this nsa spying. the google. a lot of the searches that have come to light in recent months and years has been the sort of imus the impetus. he could have done something as president. he didn't. now he want

>> i have been on the china internet name, the moral of the story, the valuation it's an ali baba storyed up. this is something that i think you have to play. >>> thank you so much for watching. coming up next on "options action" the stock that's poised to double. stay tuned to find out what it is. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses save you fifteen percent or more on car insurance.ould yep, everybody knows that. well, did you know the ancient pyramids were actually a mistake? uh-oh. geico. fifteen minutes could save you fifteen percent or more on car insurance. pred

the jungle of ali baba and proxy, 25% stake in ali baba. the stock is up 1.4%.ny taking on the names in retailing is boxed.com. a mobile apps offers product of wholesale prices, no member should see. whether we are right or wrong we call it the online costco without the hassle. the founder and ceo, viewer of this program on a regular basis. the rest of the show is yours. it is only on mobile, it is an apps. press the apps, up it comes and i can buy in bulk discounted items. >> we are see online club for people without the time, the means or the patience to go into the traditional brick and mortar. i get the apps and -- >> it is a free apps and we don't charge anything for membership. most receive their packages in one or two days. stuart: secretary of state john kerry is about to issue a statement on crimea. >> i gave in varying depth, constructive dialogue and how to address, the context of a unified sovereign ukraine. the united states strongly supports the interim government of ukraine. and the dialogue between ukraine and russia, to resolve the crisis. i cam

. >> [ laughter ] >> jon: baba you are right. you are the victim here. you've been denied something you need by an impersonal government bureaucracy, how can anyone know the anguish that you must feel? but that wasn't the worst explanation of why the iran sanctions bill is say rell vant add on this was the worst. >> if the negotiations fail as i tragically have to tell you they are destined to fail and iran retains the enrichment capability, i would argue to you that it actually is relevant because it's our men and women in uniform that we're going to turn to when this thing ends up the way i know it will and ask them to take care of this problem. >> jon: you get it? we can't afford to properly take care of our existing veterans when we know how many more veterans we're about to create with our inhe have it havable -- inevitable war auto iraq. it's bad -- with iran. >> he has blocked a long delayed floor debate the sexual assault in the military issue insisting it be linked to sanctions in eye ron. >> jon: i stand corrected apparently the shame-o-meter g

. >>> got some breaking news on ali baba.ayla in headquarters. >> i want to bring you the latest of what we know. five banks have been tapped to be the joint global coordinators for this ipo. it's expected that potentially at some point, citigroup could play a more junior role. as of right now, those five banks will be the joint leads on this megadeal, whenever it happens. as we see through the deals, more banks get added down the road. but the major economics are in it for the five banks. i'm told that the bankers and the lawyers will be meeting with the company in hong kong next tuesday, march 25th. to do what one source described as the rules of engagement. they'll be building the ipo deck. the slides for the road show. they'll be dividing up the s-1 and figure out who will do what in terms of putting together that massive document. i'm told to expect ali baba in april. to look for aipo in q-3. and the company hasn't decided what valuation it wants to go to. as far as the proceeds for this deal, they will be north of $15 b

. >> la baba, cocinaba. cuando yo iba a vender, se quedaba con los hermanitos.uena en mi hija. >> a los 12 aÑos, ganÓ una muy comprometida beca de estudios. hizo maletas y viajÓ a cochabamba. >> esta semana que me fui, lloraba todas las noches. no podÍa dormir. >> el bachillerato sÓlo fue el comienzo, se graduÓ y avanzó a la universidad en donde estudiÓ medicina. ademÁs del respaldo de la fundaciÓn lorena contó con el apoyo de estados unidos de una donante que sin conocerla en persona financiÓ parte de sus gastos. >> el estudio es la base del desarrollo de un pueblo, de una familia. lorena ha podido lograr esto. a travÉs de su esfuerzo, y tal vez de los valores que hemos podido compartir con ella en su niÑez. >> despuÉs de cumplir todos los requerimientos para graduarse, lorena regresÓ a su pueblo con su gente. apenas asoma el sol empieza su jornada. se dirige al trabajo. a nuestros hijos en los atiende, gracias a la doctora, nuestros hijos estÁn sanos y podemos cuidarlos bien. pero su trabajo no se detiene ahÍ. horas despuÉs, se reÚne con lÍderes de la comunida