a busy earnings week, visa, mastercard, baidu and facebook beat estimates. >>> and if you are in the market for a ferrari, you can't get one cheap but you can soon by stock in the company. fiat is kicking off the company to raise money for its expansion plans. >>> the fed makes a historic move, the economy chugs along and the markets seem pretty happy right now. is it all sunshine and roses for your money? joining us is bob dahl, thank you for being here. >> thanks, becky. >> we saw big moves from the fed ending qe and then the bank of japan with its surprise move making room for more quantitative easing on its side of things. the market's loved all this, what do you think? >> i think it is generally good news. we know outside the u.s. japan in particular, europe not far behind, they need some of the same medicine that the fed gave the u.s. and they are finally getting there. >> we've talked to a lot of people during the week. one person at one point said, look, this is -- there's no alternative. the markets are the only place to be. is that your read of things, too? >> well, the rea

-- alliek with alabama babler and baidu, they might -- with ali baba and baidu, they are printing so much cash so it's not a concern. , america isnvestor where i invest most and that's where i can get my best idea so i try to keep it off the radar. >> starting at 7000 per capita for china, where do you stand on the idea of the inevitable regression in china, that this burst of growth will end soon? >> i don't think it will happen just yet. had chinaso pessimists, people concerned about a hard landing in china. whatever you might feel about the private companies, the public numbers look suspect. there have been concerns that china will not be able to maintain this growth rate. so for this year, they have managed to show they will be more graceful than people had worried. >> as the president meets in about how think his bench is on china experts. timothy geithner studied mandarin in college and new people in the communist party versus jack lew who heads up the treasury department who was an in-house policy guy about some with the policy back and forth with china. that will be a huge di

this stock came cheaper on a growth perspective to say a baidu.s is a stock i'd still hold on long. though i did say yesterday i thought they would exceed the singles day numbers and they did. you are hearing these guys feel especially in smaller cities and other parts of mainland you have to use alibaba to get -- it is a brand-new platform in addition to everything else. global sales were very good. there is not a ton of value here but the growth stays. >> i wonder if you should still stay with yahoo!. i still think that's a safer way to play. you could have bought alibaba not at the initial public offering price. it's ran what? 30% or so from that day? yahoo! has ran over that amount and probably -- >> since that day? >> no. since -- well, october 15th. since that sell-off. so if you really want to play the whole position here, we know alibaba wants to buy the remainder of yahoo!. it would be an easy setup for them to do cash stock -- >> hold on to yahoo! despite seeing these gains already. >> i'm letting it ride. i think it is a better way to p

finally the three horsemen of china, china mobile, alibaba and by due-bye -- baidu. >> this thing is23% in the last couple weeks. theg dx. there was a trade today -- first thing's first. coal volume ran three times average. but there was a big trade when the stock was 1970 today. someone sold a ton of downside puts in january 2016. it's over a year from now and they used the proceeds of the 12 and the 13 puts in jan 16 to buy a jan 1620/26 call spred. the break even is 21.25. look how this traded today. it closed at the highs above $20 here today, and this is a really key i think near-term support level. i would expect after such a big move in the gdx you see a bit of consol datidation and this is t chart over the last three years. it's down 70%. there's not a whole heck of resistance. this trader was targeting a break even of 21.25 and 26 looking way out over a year. really what you think about this trade, why did they sell the downside puts? why did they buy a call spread? they wanted to sell a lot of options. this is the price of options, implied volatility over the last year. loo

perhaps they will do better like partnering with a company like baidu. >> every american retailer wouldece of the chinese market. what are some of the other companies looking at china? >> they include kenneth cole, nike, costco, tesla. ,he companies that are doing it they are not just going in and setting up their own commerce platforms in china. they are doing it through t mall, a subsidiary marketplace that alibaba overseas. they could do that within amazon china. have them set up their own online marketplace. that is one of the pros amazon china has. a placehe big cons in like china, they have higher transaction and inventory costs. an analyst note, they say one of the reasons amazon is going to struggle is because it is harder to scale up. compared to something like alibaba that has all the logistics. amazon owns shipping in the u.s. but not in china. time will tell. , u.s.s an important area companies better catch on. >> thank you for bringing us that angle of the alibaba versus amazon story. >> happy singles day. >> i have forgotten what it is like to be single. new aluminumls a p

billion,t is $140 baidu is $40 billion, jeremy is is $50 billion.i is announcing another google in india. >> how do you respond to those valuations some duck to $1 trillion of frothy nests? these $1ions, some of trillion of frothiness. emerging world and emerging asia in particular, the opportunity to gain market share and to really get a bigger share of people's wallets i think is enormous. can these companies grow outside of their home co untreis -- their home countries? we think yes. >> kate moore joining us as guest host of the hour along sorrell ofartin wpp. our single best chart is next to her and we are on "bloomberg surveillance," on bloomberg television, streaming on your tablet, your smartphone, and bloomberg.com. tom is still amazed that he has got a phone and a camera. [laughter] ♪ >> good one in, everyone. alan krueger with us in the next hour. >> significance of streaming to the music industry from the recording industry association of america. musicported answer to services make more than 1/5 of music revenue. in 2007.p from 3% physic