you are seeing ali baba without 10% of its revenue. baba is goods ali abroad.t is dependent on the chinese consumer. emily: now that its market cap has dropped, amazon is bigger than alibaba. spencer: alibaba hit the scene right around the time of the amazon fire flown flopped for there was backlash at the time alibaba hit the scene. he saw this investor going oh, forget you amazon, there is a no show in town. -- a new show in town. there has been a reassessment pretty money has shifted back to amazon. amazon has been proven to be more disciplined with spending and turning a profit. emily: alibaba did an exclusive deal with macy's today. part of the international strategy. take a listen to what daniel had to tell me about that. daniel: we just announced macy's joined the platform. they view us as the exclusive platform to entering the china market. today we are working with a lot of partners. we will have a lot more to come. emily: how confident are you in this strategy given that we haven't seen the international revenue growth happen. it is still at 9%. hans:

we called the name ali baba of ali baba.com and people said why ali baba? we believe internet is a treasure island. we should open sesame for small business and we were using ali baba because it's easy to spell and easy to remember and we wanted to focus on helping small business because at that time we saw the american the e-commerce focusing on big companies and focusing on helping big businesses to save costs. in china we have so many small businesses and small businesses difficult to survive. if we could use the internet as technology to help small business it would be fantastic. if america is good at helping big companies like america is good at making basketball we should play in china. we should have the small guys and we should not help the small guys to save costs because small businesses know how to save costs but small business should learn how to make money so our business is focusing helping small business to make money on line. we want to make the company lasts for 102 years and people ask why 102 years? ali baba was born in 1999 and last cent

for a game called can baba move it. we loaded a series of heavy items on a specially modified football training sled, the kind the players practice with. your job is to guess can baba move it? it's easy. let's hear our first item which is? tikis. 364 pounds. what do we think? >> i can move the tikis. i moved the tikis. >> jimmy: he moved tikis. he's grade to have around for lieu waus and that sort of thing. our next item is a slot machine. can baba move -- [ cheers and applause ] >> jimmy: i would hope so. let's find out. >> i can force the slot machine. there's the slot machine. >> jimmy: nicely done. if he doesn't make the nfl i'm bringing him to vegagas. our next object is a refrigerator filled with bowling balls. 808 pounds. do we see baba can move it? all right. and the answer is? >> i can move the refrigerator full of bowling balls. told you i could do it. >> jimmy: i like my bowling balls at room temperature. next we have two fat guys, combined weight 1,034 pounds. can baba move them? all right. audience says no.

can baba move -- no? all right.d out. >> i can try to move the wrecking ball. ♪ i cannot move the wrecking ball. >> jimmy: you know what? he obviously didn't read the secret. if he had put that -- i believe we have one more. which is a 60,000-pound moving truck but it is on wheels. can baba move the moving truck? he's not going to drive it. all right, let's look. >> i can move the moving truck. ♪ [ cheers and applause ] all right? you need more? >> jimmy: it continued rolling all the way onto the freeway. he did do it. thank you, with any luck you will become the hardest household name for announcers on fox. when we come back we have a very important message for you from the first lady of the united states. and me. it's your duty as an american not to miss it. stick around, we'll be right back. [ cheers and applause ] ♪ imagine - she won't have to remember passwords. or obsess about security. she'll log in with her smile. he'll have his very own personal assistant. and this guy won't just surf the web. he'll touch i

big week for earnings, ali baba and some major u.s. retailers like j.c.y said report their latest profits. we will tell you what to expect. in an effort to get younger voters hillary clinton is ready to propose a huge $350 billion tuition plan. in china stocks 45% after the government pushes shipping mergers with out the details of there and here at home. stock margin futures are up ahead of the uno, the dow, as in the and nasdaq moving on. dagen mcdowell and for sandra smith, joined by lauren simonetti and nicole petallides, welcome, your first look at what is moving in today's market. the latest breaking news and what to expect your day ahead, breaking this morning violence in ferguson, missouri. gunfire disrupting a demonstration as hundreds gather to mark the 1-year anniversary of the death of michael brown. gunshot her in the middle of an interview with the ferguson police chief. >> as patient as possible. dagen: in critical condition. after being shot by officers. >> this individual is not identified yet, we know exactly where he is. we are working

red in bah baba. first deal with the baba question because that's integral to whether or not you want to own yahoo!. how bad was this quarter? because it sounds like you don't think it was that bad. >> we thought it was an okay quarter. slightly missed msgm slightly missed revenues. still talking about a platform that's growing 30% as far as their users, 30% in gmv, 30% as far as revenues. >> the lower take rate wasn't a concern for you? >> actually the great part about that was the mobile take rate was up 50 bips year over year and that's their future in the growth and that's more than 50% of the gmv right now. we actually liked it here. thought it was a solid quarter. it's only trading around 18 times earnings or so when you adjust out their cash and investments. 30% bottom line. that's less than a peg of one if you put a 25 on it you're talking a $125 stock. >> that's the fundamental case in baba and you heard daniel zhang talk about the chinese economy, how people are still buying on the platform.

shares in aling baba, around 1% of the giant. companies with online and off-line presence has begun to overtake rivals in pure online sales, and china plus internet guys are competing to join this online-to-off-line raise. and the company is all the more keen to extend its reach after seeing a 24% drop in its market value this year. futurertainty about the concerns us all. both traditional and online companies are struggling. the companies say they will combine efforts to whittle down delivery time to as little as two hours. also set to open a flagship store on ali baba's online terrain, in return giving access to its vast network of distribution centers. a major gain as many e-commerce companies struggle to reach more remote chinese areas. for the first time since the fukushima disaster, japan will restart a nuclear reactor. they have been placed off-line for repairs and safety checks. i japan'sy, the senda prime minister shinzo abe is in favor of putting the reactors online, arguing they are key to economic growth. dozens of pr

with the ceo of ali baba later it today. we will talk with the head of macy's coming up on the program. later on "mornings with maria" i will talk to terry lundgren to find out what he has seen from the consumer and we are watching us is going after the close tonight setting the tone for tomorrow's market. this is for all of you for lovers out there. the cost of your beloved bacon is skyrocketing and it is your fault apparently. nicole petallides with the story. nicole: nice how we blame the viewers and that is right with according to the department of agriculture the wholesale cost of bacon spiked 174% since april and there is no one to blame but you and that is because americans love for bacon has created demand pushing up prices and getting out of control. traditional bacon and eggs is not enough anymore. now you can enjoy bacon milkshakes, bacon doughnuts, bacon lollipops' but not to worry, retail prices remained relatively steady and still jeepers and at this point last year. those work very spot prices were at five yea

shine it seems that the has worn off of ali baba. wonder how much is perception and how much is reality given the long-term potential. guest: for sure the shine is all. wishing for the days when there was a skyhigh stock last november. there are reasons for concern. despite the news of growth and mobile, cans for andaba moved to mobile, slowly economic conditions, declining confidence and consumers is important for alibaba's revenue. those are real question marks in my mind. emily: jack ma wants half revenue to come from abroad and have to come from china. you have been looking at comparisons. what have you been seeing? key thing to understand is how alibaba measures international growth. a big part of their strategy is finding goods outside of china and bringing it into china. their strategy is susceptible to softness on the chinese consumer. amazon differentiates itself by canon bawling into a new market, building infrastructure and investing more heavily in that market than alibaba does. emily: we are looking at some charts. tommy

. >> shareholders wave bye bye to baba. stock hitting an all time low on heavy volume in new york. >> in europe, shares in henkel with their biggest one day loss of almost four years after missing second quarter forecasts. the ceo tells cnbc he's not worried about being left out of the m&a frenzy. >> we'll continue to invest but what's also important is that you don't get carried away by the high multiples in the markets. we want to invest appropriately but at the same tile don't pay silly money. >> welcome to the show. now the international energy agency just releasing it's oil report for july. we are looking at a 25% decline through july and early august as well from the end of june. that is down to an abundance of supply and a strong u.s. dollar. in particular, on the supply front, they said that oecb inventories rose counter seasonably by 9.9 million barrels to hit another all time high of 2,960 million barrels in june. interestingly this oil price weakness over the last six or seven weeks does come in the face of oil d

that is probably the most striking thing about ali baba now.ue coming from overseas, just 9%. this was going to be the company's entree into the global market and has not materialized. when you look at home in china, that is not exactly a good place to put all of your eggs. jack mao is coming out with a consolation prize with a $4 billion buyback. best place to get the answers is the ceo, daniel zhang. daniel zhang is joining us now from hong kong. thank you for joining us. this is your first report card as ceo. what are you doing differently? $90 -- $90s lost million in market cap and have your reverse that trend? quarter wethis continue to deliver a strong result. we will grow 34% year-over-year and our revenue 28% year over year. specifically, we made good progress in mobilization for the first time. our mobile revenue exceeded pc revenue. i think this is a good transition for mobile and we made a big investment in the largest consumer electronic retail chain. signals we will enjoy a healthy growth and we will create more value to our custom

yesterday, baba announced a four and a half billion dollar buy in a chinese commerce group.t year, the company invested over $600 million in a company that operates department stores. the ceos are counting on international expansion outside of china to match any kind of slowdown in sales. tomorrow, be sure to check out my interview with alibaba's ceo dano john right here on bloomberg television. now back to our special show about alphabet, the holding company for google. while search may keep the lights on, moonshot divisions are the life of this company, giving birth to finish projects like driverless cars and google glass. i spoke to the founder and asked him about calico. >> it is another audacious moonshot. there are no people around that live for 200 years. we don't understand why. there is very little research done on this compared to curing , cancer. it is a perfectly good proposition to say let's give it , a try. if there is a remedy for old age and dying, i would say that is fantastic for the world. emily: joining me now to discuss, ryan betancourt -- ryan om.nd rya

nadim baba reports. >> the moment when an angry demonstration turned deadly. these pictures filmed from inside ukraine's parliament building show the moment after a grenade was thrown. many were taken away by ambulance. the violence also injured journalists covering the protest. a crowd had gathered ahead of a parliamentary vote in giving special status to parts of the donetsk and luhansk regions in part of eastern ukraine. inside the chamber there were angry protests, the new bill backed by president petro poroshenko and his allies did pass on its first reading. it's part of a peace agreement reached in fruary of this year, supposed to end the fighting between ukraine's army and russian bak backed separati. these scenes in the capital are a reminder of just how controversial it is. nadim ba baba, al jazeera. >>> the chinese government has arrested 197 people for spreading roormspreading rumorsk market and the tienjin blast. adrian brown has more. >> on state tv journalist juan n chow lu apologizes. >> in this kind of market, the information can have an impact

nadim baba reports. >> reporter: the moment when an angry demonstration turned deadly. these pictures filmed from inside ukraine's parliament building showed the scene after protesters throad threw a gren. many were taken away by ambulance. a crowd had gathered ahead of a parliamentary vote on giving special status to parts of the donetsk and luhansk region in eastern ukraine. inside the chamber there were angry protests. the bill backed by petro poroshenko and his allies did pass on its first reading. it is a crucial part of a peace agreement reached in february of this year. it was supposed to end the fightings between ukraine's army and russian backed separatists. since then there has been deadly violence in the east. the new law has to pass a final vote later this year. nadim baba al jazeera. >> the united nations has condemned the handing down of a three jeer jail sentence to -- to three year generate sentence to three al jazeera journalists. the spokesman for the secretary-general says he will continue to protest for their release. they were convicted of crimes th

as nadim baba reports, a surprise candidate may be in the news. >> antiausterity message, party heavyts have been pointing out, his candidacy would be the kiss of death. >> the one grouping that even its own supporters is a is least likely to be able to form a government. then we have to look at the lessons of our history. >> reporter: others suggest the party memberships turning left ward's, losing two election necessary a row and all but wiped out in scotland. >> the heart says in i should really be without politics, get a transplant because that's dodge. >> thousands of activists from rival parties signing up to influence the labour vote. yvette cooper and fellow candidate liz kendall have denied they would step aside. veteran left winger a role to rebuild the veteran if he won. some left wingers are saying it could actually split labour. >>> you need just the right political environment and suddenly these splits start occurring. it's been history to split, they usually are unified when the left splits. >> reporter: of course it is far from certain whether the person who wins this

becausell stay in china ali baba is telling its staff not to worry. stephen: shares in alibaba listed in new york. they had been hit as so many companies have by the shares slump in recent days. falling below the price it initially launched on the stock market. an attempt to allay fears about the fate of the company the chief executive road to the -- wrote to the 35,000 people who work at ali baba telling them it is not the first time the global stock market has plunged. with philosophy he said, sometimes the lonely journey is sticking to your principles that you have to go through a lot of ups and downs. >> all about positive attitudes. thank you very much. coming up is the press review. florence is heal with us -- is here with us. china's stock gets are grabbing the headlines. florence: still front-page news in china. china daily being very factual today. this headline on their front page, bank lowers lending rate to ease debt. the chinese central bank that cut its lending rate to calm stock markets. interesting the way the chinese media is covering

nadim baba reports. >> reporter: the moment when an angry demonstration turned deadly. these pictures filmed from inside ukraine's parliament building showed the scene after protesters threw a grenade at riot police. several were injured by explosive devices. many were taken away by ambulance. the violence also injured journalists covering the protests. a crowd had gathered ahead of a parliamentary vote on giving special status to parts of the donetsk and luhansk region. some politician he tried to stop proceedings. but the new bill backed by president petro poroshenko and his allies did pass on its first reading. part of a peace agreement reached in february this year was supposed to end the fighting between ukraine' ukraine's armyd russian backed separatists. these scenes in the capital are a reminder of just how controversial it is. nadim baba, al jazeera. >>> authorities have arrested 197 individuals for spreading an online rumor about a stock market crash. those found guilty could face three years in jail. adrian brown has more from beijing. >> on state tv journali

jd is more like amazon than baba is. there's lots off counterfeit goods on baba.their own fulfillment centers. they've got china's version of facebook. there is a lot going on there. baba has a lot going on now. but the trick for hedge funds is long jd and short baba. it's worked out very well for them. i think when the chinese market bounces back -- that's why i sold my position, because it was a trade -- if it bounces back we could be waiting a very, very, very long time. jd is where they go. right now jd seems to have bottomed. so i'd still own it. >> it's still 30% to 40% above its ipo price while alibaba is back down to its ipo. >> it's still up 20% -- or 15% for the year but down 25% from its highs. >>> "barron's" making a bullish bet on paypal. dom chu has details on that call. >> fresh from its spinoff outoff ebay. since being spun off from ebay, "barron's" says paypal is now clear to do deals with other big vendors like maybe a staples and move into back office operations and other services. it is all about whether paypal can leverage its technologies and

i think for a short-term trade i'd own cisco over baba. >> where do you go, guy?s a would you rather game or -- >> i'm saying would you rather trade am baba or cisco between two? >> cisco. alibaba that's a tough one for me. i think cisco's been intact for a while. you've had up side surprises the last couple quarters for cisco. leads to you believe it might happen again. wichb given the choice between the two which is how you started this -- >> because they're going into earnings next week -- >> don't bark at me. zplienl ba zplie >> i'm not barking. >> that was a bark. >> seemed barky to me. >> you're watching cnbc, first in business worldwide. in the meantime here's what's coming up on fast. >> woof. >> what's better than the new "fantastic four" movie? "fast money's" edition of our four fantastic trades. from stocks that are on fire to rock solid trades, we've got you covered on fantastic picks ready to transport your portfolio to new heights. plus, twitter, back to square one. closing in on its ipo price. but is the move so bad it's actually good? all that and

at the time al baba at 102 now yahoo has fallen in unison to baba plunge. i always urge you to pay the tax man rather than risking big gain. they are at a loss of $117 billion in market cap. wow. china pulled down a host worldwide like wiki ringum and crossed all commodities of all sorts. not just the minerals but the grades, aided by a booming crop report. here's where it is interesting, china didn't pull down crude. i mentioned the rally early in oil but there's a lot to work. it must be addressed clinically not emotionally. go back to earlier, when i said i'm sanguin about the market because the indicators i'm looking at are flashing green after profoundly flashing red. i'm keen on the super freaking strong dollar. ♪ you should know that hearing rick james screeching or even his guitar work a decry a strong dollar. it is bad for the earnings estimate which will have to keep on being slash if the green backs go higher. but this morning the dollar went lower not higher. the market looks really scary and i'm worried. when you have a totem like that going th

we are happy to have him join us, and as president of ali baba group, he will lead our internationalegy and help us to extend our business outside china. announced that macy's joined our platform, and they view us as an exclusive platform to entering the chinese market. today, we are also working with , and we willners have a lot more to come. emily: as i understand it, the chinese government is putting police offices inside internet companies in china, including alibaba. are there police officers working inside alibaba right now? daniel: as a company with a huge , we work closely with the government to follow the government policies and regulations, and we will continue to do so and to make sure we are in compliance with the laws and regulations in china. emily chang is with us now from san francisco. obviously, this is a serious for alibaba.hang, did he say anything more concrete about the chinese economy? it feels like it's slowing down a lot more than the government is admitting to. emily: we talked to a lot of experts about this, and they say the vast majority of people in china

charles: ouch on ale baba, what to tto -- what to do now. >> ale baba still above the ipo price. the problem is china itself. you know a lot of money running away from china. charles: are you still in it. >> i am not in it any more but i will enter back in. >> there is a bigger issue with this company. charles: you think it is company specifsphwhrispecific. >> i think it corporate governance. charles: i think that the ceo is a crazy dude. okay which to you like more, disney, apple or netflix. yes, netflix i have been trying to get in, and disney is oversold, buy app told weakness. >> only one is not netflix. charles: whimp. >> look. the price will never be competition, every media out led let in world is looking to do streaming. >> i agree, if you have to go into one, disney would be the one, it has been beaten down, i like apple, what is long-term, apple you don't' to be long-term, short-term today money hid in apple. charles: thank you, all right, we were down 277 we turned back up a huge reversal day, it was a perfect set up this morning to prove bull market still alive, what

nadim baba reports. >> the moment when an angry demonstration turned deadly. these pictures show the scene, the interior minister says dozens of national guardsmen were injured. many were taken away by ambulance. the violence also injured journalists covering a protest. the crowd had gated ahead of a parliamentary vote giving special status to parts of the luhansk and donetsk area of eastern ukraine. it was supposed to end the fighting between ukraine and the russian backed separatists. the parliament has to pass a law later this year but these scenes are a reminder of you just how controversial it is. nadim baba, al jazeera. >> chinese authorities have arrested 197 people for spreading rumors about a stock market crash. online media is tightly controlled in china. adrian brown has more from beijing. >> on state tv journalist weng g chow lu confesses. on the day the article was published the shanghai share index suffered one of its biggest falls. on monday he apologized for all who lost money. in this market the information can have a big impact whether the in

nadim baba has the details. >> catching up with essentials, to prior to flight.s emerged that retailers are reclaiming the 20% in value added tax or sales tax that's included in prices. this is money that should either be going to the chancellor because you're flying within the eu and it's the legally due v.a.t. or it should be coming back to you because you as a traveler are supposed to get the benefit of traveling without having to pay tax on your purchases, not the airport retailer. but now there's a revolt by customers, point blank refusing to show their boarding passes. the campaign has been whipped up by social media across the u.k. >> i was frankly outraged that the shop seemed to be, one could almost say literally stealing the money from the customers, in an underhand and in a way that's not transparent. >> they're just taking my money and fleecing me and not paying it back. it's not good enough. i'm not doing it. i'm traveling on friday and they're not seeing my boarding pass. >> retailers say they're not doing anything illegal. some claim it would be im

. >> shares wave bye bye to baba ahead of quarterly results. stocks hitting a new all time low on heavy volume in new york. >> crude prices bounce back after world demand for oil is growing at the fastest pace in five years but also warns that the supply overhang will persist. >> and welcome to the second hour of the show. the overnight devaluations of the chinese yuan spooking markets not just here in europe but in the u.s. as well. the dow gaining 230 points on monday but quickly reversed the losses on tuesday. the dow down by 190 points in premarket trade so we could be in for another day of selling here on wall street. the s&p 500 lower by 24 points. this as oil prices hit a multiyear low again yesterday that of course sending energy stocks lower. this is a very good stage of stocks around the world. they respond negatively to that move to deval it's currency for the second straight day and of course european stocks also trading lower. that's weighing on the index which is down about .6% in today's trade but as i said european stocks sellin

nadim di baba, al jazeera. >> recent stock market crash and the tienjin chemical blast. those found guilty could face three years in jail. adrian brown has the story. >> on state tv, the journalist confesses his guilt. his crime to report that the deposit was planning to end its efforts to rescue the article ws published the shanghai share index suffered one of its biggest falls. on monday he apologized for those who lost money. >> this can have a big impact whether the information is correct or incorrect. we're going to be in an extremely volatile market. >> also publicly disgraced, a stock market official accused of insider tradings. he apparently made a half million profit after borrowing half that to buy shares. 197 people have reportedly been published about spreading rumors about the stock market and fatal explosions in tienjin. but criticisms of the government's handling of this is not featured in state media. instead it's focusing on the military parade commemorating the 70th anniversary of app japan'japan's convenient ter. sister sites of our network al jazeera

nadim baba reports. >> jeremy corbin opinion polls suggest he's way ahead. but while some point out his antiausterity measures, policy heavy weights have pointed out a victory for him would be the kiss of death. >> when i see the opinion polls, that say the one grouping in the party to get the most votes, least likely to be able to form a government then we have to look at the lessons of our history. >> others suggest the party membership turning left ward in the shock of being all but wiped out in scotland. >> when people say the heart says i should really be without politics well get a transplant. because that's just done. >> in recent weeks the party has said it's caught several activisactivists from rival app. foal candidates have denied they discussed stepping aside to allow this man andy burnham to take on corbin single hand hely. ironically burn ha burnham has e will offer the left winger a place in the party if he won. the main political parties in britain are broad church and they hold disparate groups of people. you need the right environments and

nadim baba, al jazeera, scotland. >>> still ahead, food deserts.izers left this badminton championship embarrassed on the podium. >> hello again, they're known as food deserts. as andy gallagher reports from the mississippi delta. >> it's known as the home of blues music but nowadays, this area of the mississippi delta, is the poorest corner of the u.s., and access to affordable food is a big problem. >> leah, what would you like for dinner? >> leslie hasn't heard the words, food desert before but she's living in one. an expensive trip that not everyone can afford too make. >> my husband and others, we there v to work together to try to get food. we have to carpool, you know bum a ride as you call it to get food. it's hard. >> reporter: food deserts aren't a new phenomenon, it is often the young that pay the price. at least a quarter of 10 to 17-year-olds are obese. as a result of access to good food. chief nurse says poverty is accesabig factor. >> you can't afford it. if you have six kids at home and you come out to buy groceries and you buy 30 p

look, i have been up and down, stock obviously trades with ali baba. the food news, it's time reflecting no value, even if they can't do the tax spin right. i think you are okay. let's go to nick in colorado. nick. >> caller: hi, jim, thanks, to all your folks, too. my question is about ahs. >> health care staffing is terrific. and may i just say that susan sofka who we had on many times is a terrific ceo who is really created tremendous value and that, ladies and gentlemen, is the conclusion of the lightning round. >> thelightening round is sponsored by t.d. ameritrade. like a custom screener on your desktop, . meta is clinically proven to help lower cholesterol. try meta today. and for a tasty heart healthy snack, try a meta health bar. >> how hard is it for a company to change its striems. that's the question when it comes to kegg. it was for a long time a provider-of-for college students. it has been trying to transport itself into a digital provider to help lower the exorbitant stocks. it gives students access to home work online help and how to g

. >> estaba tendido en el pusiso n baba blanca. >> comportamiento erratÁtico i violento se presentasiÓndoi ido a su bajo cost h muchas de las personas son de m desamparados o con problemas mentales. >> varias son las personas pr c preocupadas por este tem . >> para este ex adicto la ayuda ayudasayuda se hacnecesita urgente. >> la pmarihgumarihuana sintÉtia droga que estÁ destruyendo nu nuestros barrios. >> la policÍa que ven a mis e a espaldas estÁn tratando de co e contener a un hombre que ha tr t tratado de herirme a mÍ y mi c m camca camarogradffo >> camarÓgrafoun hombre que Á d de golpear a su mujer con un m r martillo y vemos copor quÉ est h hombre no ha sido deproortado. >> el jusujeto estÁ a mis espals y por ahora tiene cargos por t intento de homicidio. >> este hombre ha sido aprendido por al menos en 4 ocasiones. >> nunca por un delito mayor, como del deliutto que realizÓ a pasado 24 de julio con tra est m mujer. >> segÚn el informe la mujer e t estaba en esta casa cuando el m hombre entrÓ, la atacÓ sexual n sexualmente y la golppeÓ con un martiullllo. >> y vemos como la agenci

b baba. >> jon had two failed talk shows. one on mtv and syndication. i think people know he was a big talent. they could see he was a tanl. letterman's people put him under contract as a potential 12:30 host. >> and then his moment came in '99. "the daily show" needed a host. >> welcome, welcome to "the daily show." craig kilbourn is on excitement. >> it was a mock newscast. silly news basically and jon turned into political satire, an elevated talk show. much smarter than the average talk show. >> he became the voice of a generation that thought he explained the news better than the news. >> if your ice cube floats in your glass -- >> the land ice melts enough to thaw it, how much [ bleep ] everywhere is everywhere? do you understand? >> jon could also be poignant during difficult times like 9/11. >> iiwanted to tell you why i grieve. but why i don't despair. i'm sorry. >> he was unafraid to call anybody out. >> i have come here tonight to plead to the mayor of [ bleep ] mountain. >> "the daily show" with jon stewart won ten emmys in a row for outstan

softbank falling after the telecom giant increased its stake in sprint and disappointing sales of aly baba in which softbank is a heavy supporter. >>> worries eased enother countries as well. many markets in the region rebounded on thursday. shanghai saw a volatil day. shanghai composite bounced back 1.8% to hit a three-week high. analysts say a comment by a central bank official eased concerns over further devaluation. malaysia rose 0.73%. the country's economy in the april to june quarter grew 4.9% from a year earlier. that's better than many analysts had expected. hong kong was up 0.4% led by communications and energy shares. the main indes in south korea and indonesia recovered from a five-day losing streak. the philippines bucked the trend sliding 0.7%. >>> massive explosions occurred at a warehouse storing dangerous goods on the port of tianjin. chinese media report at least 500 killed, others taken to the hospital with injuries. firefighters are continuing to battle flames around the site. nhk world reports. >> reporter: the agency reports the first of a series of blasts took place

as nadim baba reports now from london a surprise leading candidate could be about to take them back to their socialist roots. >> until this summer most brit britons probably have not heard of jeremy corbin but while some point out his antiausterity message have attracted tens of thousands to sign up, they are warned that a victory for him could be a kiss of death. >> the one grouping in the party is likely the get the most votes, the one group that its supporters isupporters say is ly to be able to form a reform group. we must pay heed. >> when my heart says i should really be without politics well, get a transplant because that's just done. >> in recent weeks the party says it's caught thousands of activists from rival parties, presumably backing jeremy corbin and now yvette cooper seen here campaigning on monday and fellow candidate liz hendor, refuse to admit they collaborated. a role in rebuilding the party if he won. some westminster watchers are predicting the process of picking a new leader could actually split labour. >> you need just the right political environment and suddenl

first up is baba, alibaba, naming former goldman sachs executive michael evans as its new president.the story here is that there's a lot of rumblings about alibaba. a lot of worries that china is going to be cracking down in an official way on any kind of financing that goes on, online payments that don't go through a bank, it will hit baba hard. i have a lot of guys talking about it. stock is going to be under pressure because of that you'll hear more about it. >> pete talk to me about baxalta and the big bid. >> shire bid $30 billion. a company that just got spun out of baxter at the beginning of july. an amazingly fast transition, trying to build their franchise pipeline. they love the pipeline, shire does and all the tax ramifications. is it going to be something they accept? it's so early. you wonder if baxalta will push back and look for more. >> car sales have been strong, we know that on the pace of 17 million for the big boys here. what's up with toyota? weaker sales. >> i think it's a comments from audi and bmw and comments from toyota, regarding guidance that is in china,

one thing is chaos caused to commuters, as nadim baba reports. >> reporter: the strike starting wednesday is not the first time the dispute closed london's underground stations. less than a month ago there was a 24 hour stoppage. traffic into london was almost at a stand sting with many walking long distances to get to work. as the latest causes travel chaos, many wonder why london ground to a halt. >> a hidden problem of london is most of the streets are inherited from history. there are big wide boulevards that you find in other big cities. as a result, buses, cars and other forms of transport making up for the closed underground is limited. >> reporter: that means scenes like this commuters waiting hours to get onto a bus. all has an economic effect particularly in terms of lost business for central london service industries. >> reporter: last year the london chamber of commerce says the cost to the economy was about $75 million a day. some say new techology means people can work remotely so the damage is reduced. perhaps the greatest impact is a headache accused to the 4 million that

como lo dijo un comentarista de radio latino hasta le pidiÓ a una mujer del pÚblico que lo compro babaigrantes en mÉxico * quienes hoy se han unido a una campaÑa en contra de donald trump pidiendo acciÓn en el gobierno mexicano y un boicot a sus empresas. >> diciÉndole a el que si piensa venir a mÉxico no es bienvenido lo declaramos persona no grata por sus declaraciones racistas. >> entre las muchas figuras que se han pronunciado contra de las palabras de donald trump estÁ ricky martin quien dijo que el hecho que donald trump sea un posible candidato a la presidencia hace que lea hierba la sangre. >> marÍa celeste arrarÁs. >> muchas gracias vanessa. >> ltormenta tropical erika se tornÓ mortal, azoto dominica, dos hombres y niÑos murieron y hay 4 persona desaparecidas erika dejÓ mÁs de diez pulgada de lluvia en mediodÍa, el 80% de la isla se quedÓ sin electricidad y su principales calles estÁn bloqueadas por Árboles y postes derribados. >> se espera que erika golpe puerto rico esta noche todavÍa mÁs fortalecidas su vientos llegan a 50 millas por horas en la isla se ha activado un centr

there are others, ali baba, microsoft, apple, go through a zillion facebook, which also doesn't seemnterested at this point. >> kara, thank you so much. >> thank you. thank you. you must acquiesce to ray-bans. i hope you'll be back. >> we'll be back. thank you. coming up next your tweets and final call from option bids. more from san francisco. we'll be right back. stay tuned. here at td ameritrade, they work hard. wow, that was random. random? no it's all about understanding patterns like the mail guy at 3:12 every day or jerry, getting dumped every third tuesday. this happens every third tuesday. we have pattern recognition technology on any chart, plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. for all the confidence you need. td ameritrade. you got this. i'm here at the td ameritrade trader offices. ahh... steve, other than making me move stuff, what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that inform

ali baba reports first-quarter earnings later today. been a difficult year for the former stock market darling which is trading at its lowest since it started last year. how has it performed over the last quarter? really has been the largest destruction of wealth since its peak in november. just looking at the numbers, it is 90 billion plus, that is more than the market value of goldman sachs. a slowdown in china's market is a reason for this, and combined with the fact they are facing a lawsuit and had that previous dispute. a combination of these has made alibaba one of the biggest sources of shareholder losses. jonathan: how are they trying to cope? the: that is one of objectives. they talked about an expansion with russia, brazil, or the u.s. they brought on a former goldman sachs employee and asked them to head the global expansion strategy. stake they at the a stronghold and household appliances. also an extensive network covering 2800 counties in china. that is something they can tap into. jonathan: before the market opens, tell

nadim baba, al jazeera. >> any attempt of separatistis t rebels, coincides with what the u.s.escribes as the biggest allied airborne drills since the cold war. the training exercise is called swift response 15 and runs until september the 15th. in today's off the radar segment russian oil spills, among oil producing nations, russia has the worst record for oil spills and leaks. rory challands reports. >> reporter: as any detective will tell you, the work is far from glamorous. she's on the hunt for evidence and she's finding it. the coverup she's investigating hasn't been particularly thorough. >> fresh sand and soil and discover the entire oil spill under the layer of fresh soil. >> unamounundocumented amount sd out over the flood plane. >> they announced they spilled only 450 kilos of oil. but we can see all over the trace of the oil all over. and 450 would not pollute such a big area. >> ... black water gushing from theirs taps and animals coated in crude. a month and a half later, still tallying up the damage. >> we lost everything that was here. potatoes, carrots, onions.

had they just spent 10 million buying ali baba goods. you know what that interview would have been like? exactly the same. >> they could spend years trying to figure out what they are doing and still come away. >> he is saying the baba is that. the economy is slowing at 28% growth. i know that is terrific. we were looking for 45. i was watching someone on tv saying, hey, listen, all it is is the quote. they used that line that i hate so much. other countries would kill for that growth. they are looking at nearly double digit retail sales. not every country has that. >> i still think the export economy is what i knew them as. the import economy is morbid. they have to go 5 million. they have to start buying iphones. >> they are in there buying stock and manipulating the currency. it is a shame. japan lowered its currency. we talk about whether cisco and chuck robbins did a conference call. what's the chinese conference call? >> better than expected, better than expected. who knows. >> it is operation total victory. >> all operations in ch

all that being said, i still like the one stock from china, alibaba, baba, i think alibaba down at 68. liz: look at steve! he's saying no way! >> if you are absolutely forced to buy a chinese stock, you want to be in alibaba. liz: steve, what do you think? do you like alibaba? >> if i am forced to buy a chinese stock, i'm not going to screw with you at all. and amazon -- china could jump 30% tomorrow, they're not going to. it could in the next couple of months. are you willing to bet that's going to happen. do you want to make that assumption that everything in the world is perfect over there, even though we don't believe anything over there is true. look at europe or something else where you can find nice undervalued things. >> that's right, we have sectors here decimated where the balance sheets are still good. i love dillards, kohl's, macy's. liz: what about cybersecurity? >> if you have play money, money you want to goof around with, then go buy china, it's a gamble. that's not investing, that's gambling. you want to make a few extra bucks, great. if you're trying to find real inv

laura had coming from ali baba and her brothers to bed, removing john's shoes when a bullet pierced the walls inches above her head. the students they get the farm had been sitting with them, get down, the house is going to explode. laura corral her brothers and a three of them crawled into the back room shower where she thought they might be safe from gunfire. actors the volleyball shooting gregg said years later, we thought they were going to take us out and hang us on crosses. by the early 1960s koinonia moved into the public schools. the battleground was america's high school. three koinonia kids wanted to be enrolled but the school refused because the presence of any of those students would disrupt classes and so on rest. koinonia had to make a federal case out of it to get the teenagers admitted on grounds of religious discrimination. the irony was the school board had been right. the kids from koinonia were treated horribly. they were harassed, tripped, spit on. when greg started at the high school in the fall of 1961 he chaired no better. eventually he fed far worse. one by one

there are slashes coming out on al baba. alibaba is going to invest in a 9.9 stake in suning. it will invest up to $1.2 billion to subscribe for 27.8 new issued shares of alibaba. the head line here, alibaba says it's going to invest 28.3 billion rmb for stake in suning. >>> another story on uber, uber attempted to load up the popular car app on saturday morning. the company apologized for the, quote, brief outage. >>> which greece wrap up bailout talks before the dead repayment? word on the negotiations coming up after the break. ♪ some neighbors are energy saving superstars. how do you become a superstar? with pg&e's free online home energy checkup. in just under 5 minutes you can see how you use energy and get quick and easy tips on how to keep your monthly bill down and your energy savings up. don't let your neighbor enjoy all the savings. take the free home energy checkup. honey, we need a new refrigerator. visit pge.com/checkup and get started today. >>> shares in china have their best day in a month after poor data fuels hopes of frustrations from beijing. chinese expor

candelero. ( ♪ mÚsica♪) >>> el candelero un Ángel. ( ♪ mÚsica♪) >>> y unos, quieren ba sivasitoa la baba robles sufriÓ un accidente espantoso mientras viajaba con su grupo los bÁrbaros del norte, perdieron el control de su vehÍculo, se volcaron en una carretera de san luis potosÍ mÉxico. muchos, varios resultaron sÚper heridos algunos de gravedad Él mismo nos comenta. >>> me encuentro bien su amigo eliseo robles sufrimos un percan percance, primero que nada hay muchachos que estamos todos bien. 2, 3 no mÁs estan graves. que sepa la gente que pues que no estamos bien y mal pero tenemos compaÑeros graves. gracias. >>> quÉ fuerte! desde acÁ les mandamos quÉ se recuperen pronto. y pasando a otro tema ahÍ lo estÁn viendo la alfombra naranja esto ocurriÓ en el auditorio nacional de la ciudad de mÉxico. donde se llevÓ a cabo el kids choice awards, por la alfombra naranja vieron amar jory de souza, carmen, e dul cuestice Í kalimba y algunos kids choice son jÓvenes y otros se les paso la edad, pero ahÍ estaban des desfilando una que estÁ en edad y estÁ bellÍsima, dana paola comentÓ que estÁ feliz

. >> and i follow the stock market and i purchased the chinese behemoth baba last october for around $112 a stock and let me tell you, it's been a big disappointment since then and i'm almost 35% down, and i don't have any hold left in that stock. do you think i'm going to be able to even break even any time soon? >> on "mad money" we do not care where the stock has come from and we care where it's going. if you want to be there you want to be in yahoo. i don't like alibaba and that singles day was the top of the market and i got married. let's go to john in new jersey please. john? >> caller: hi, jim. how are you doing today? >> i'm doing okay. >> caller: i'm doing okay getting ready for football and fantasy. >> both fantasy and reality. i'll be in the huddle this friday. what's up? >> caller: what's up with ge? i've owned ge since 2009 when it came all of the way down to the mid-11. my thing when i bought it was buy it and forget it and keep it in the back pocket for the rest of my life portfolio kind of thing, however, i get antsy, and i follow you a lot and follow the show and fo

alley baba at present is two mass-- alibaba at present is two massive marketplaces. at its core is also the largest internet finance company in the world. i mean pay pal pails-- peals in comparison in terms of transaction volumes. but what alibaba will be in the future is not just two really powerful marketplaces and internet finance company, this is a company which is going to be the biggest data analytics firm the world has ever seen. because they're developing the cloud computing like amazon. they have got data from the marketplaces, data from all the financial transactions, the biggest payment processor in the world. and the developing cap-- in terms of investments in other companies like the competitor to uber, it's going to be an incredibly powerful company with access to data that is unparalleled on the planet. >> rose: is there-- you described china as an entrepreneurial company, country. >> yes. >> rose: and there's a lot of evidence of that. is it also an innovative and creative culture? >> another sort of common misnoer about china is that it lacks creativ

finally chinese ecommerce giant ali baba naming michael evans as its new president. the former goldman sachs executives will oversee the global growth strategy. ali baba hosting more global brands in the company so we can shop more american brands. >> fresh questions about valuations in the technology sector after heavyweights like apple injured into correction mode. we will be right back. technology empowers us to achieve more. it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allows us to immediately be able to access information, wherever we are. information for an athlete's medical care, or information to track their personal best. with microsoft cloud, we save millions of man hours, and that's time that we can invest in our athletes and changing the world. >> chocolate, social media storm, shares of twitter training at the lowest level ever, taking 5% in yesterday's at training session and can't ignore apple after falling a 3% yesterday it touching its lowest levels since february. apple in a corr