they will add alibaba and baidu to its msci emerging markets index.p in mind, china makes up about 22% already of the emerging market fund. switching focus to the s&p 500, we also have news there. alumina is set to replace sigma aldridge association. that deal is expected to close around that time. we are looking at shares of ilumina higher, better than 4% after hours. >> theoretically, the addition of baba and baidu would cause fund managers to buy these shares. >> that's a great point about raising the weight of china. a lot of the holdings in eeem are locals. they are listed. when you think about alibaba and baidu that are only listed here, it almost gives you more u.s. exposure. at least the way they allocate assets in a way. the difference between the locals and adr, so to me it makes eem less interesting to me. i like a lot of the locals you can't trade here in an etf like that. >> cisco is moving lower after hours on soft guidance. john fortt with the details on the quarter. >> ceo chuck robinson addressing that soft guidance off the top of the

alibaba and baidu will be listed on the emerging market index. trading dipping in singapore, falling sales of grains, >>, and sugar. it has expanded its cocoa business to become the third biggest processor. that lunch break in tokyo, let's find out what else is going on. the bears are up. >> we saw a drop in asia. commodities are front and center. another market catalyst today is the change that will be an effect for the indices. is concerned, 40 companies being added to the msci asia-pacific index. we have nine in total and taiwan. three and taiwan. for four.f four orot of companies are energy transport shipping related. has wiped out a fair amount of the market value of these companies. they will have to be removed. japan, three others, 343 swap. three for three swap. you have earnings from the big three banks due out after the markets closed later on. all seeing marginal declines. biggest loser in japan, nothing to do with commodities. we are watching shares of toshiba. to 89 now. the biggest drop in six months. 289 now. the biggest drop in si

what do you think about the search engine from china, baidu?> that's probably one i would love to recommend, but because of this most recent downturn, i do not trust baidu. i have to be a very tough guy on these chinese stocks after what happened this summer. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. i'm here at t 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 information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you got this. there's a network that never stops improving. ...that's grown faster than any other, covering nearly every american. and these geese. but it's not who you think. it's

search engine from china, baidu? >> that's probably one i would love to recommend, but because of this most recent downturn, i do not trust baidu. i have to be a very tough guy on these chinese stocks after what happened this summer. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning ameritrade. americans. 83% try... ...to eat healthy. yet up to 90% fall short in getting... ...key nutrients from food alone. let's do more. add one a day men's. complete with key nutrients we may need. plus it helps support healthy blood pressure with vitamin d and magnesium. one a day men's. bring us your aching and sleep deprived. bring us those who want to feel well rested. aleve pm. the only one to combine a sleep aid... plus the 12 hour pain relieving strength of aleve. be a morning person again with aleve pm. happy anniversary dinner, darlin' i'm messing up every dish, pot, and plate... ...to show my love. ta-da! now even more concentrated. just one bottle has the grease cl

stocks like alibaba and baidu rallied hard into the close. don't know if it is because of this. >> no. because of the inclusion in the index. baidu and alibaba, and that's why the stocks need to be held by more people. but today is a victory lap for china. smsing this -- back in august, people were concerned about the deval. and they were claiming that what is ratified today, trying to loosen up the monetary system and let the currency freely flow. i agree that is what is going on. now they have to live up to this. is this the over all of the chinese economy. is this an exciting day? yes. and central banks own enough yuan at this point. if you are playing chinese adr, the sentiment from august is still in thebaidu. but take a look at the names. they look interesting to me. >> but there is no buyback in terms of the equities by this move. >> i don't think they have to change the way they own it and translating into the purchase of the stock. >> morgan stanley will take cuts and the bank reported a 42% decline in bond trading in the third quart

and it is like baba and baidu have been on fire and we are oversold on the china deval thing. gold goes down and oil goes up. >> what do you see on the baba baidu thing. >> i lean toward bobba right now. and i know they did well on earnings. i think the e. and p. names have upside. i like the way the exxon chart -- i know they are talking about valuation. and i don't disagree. but they are rolling to the upside. up oil and down oil. that says something. >> would you have agreed with dennis gartman if you would have played the game. >> i love the movie. great movie with john travolta. >> it was a terrible movie. >> because you didn't have the sub titles to read. i'm just saying. but i tell you what, i do agree crude over nat gas. i know it is not a nat gas play but cheniere was down and i would rather be in crude than nat gas. >> up next, will he'll on muck be smiling when tesla reports earnings. the three things investors are watching. >>> and it is a rough wide forgo pro. why is there a key supplier question and the trade coming up. i'm melissa lee, you're watching "fast mone

. -- they will compete with baidu.hinese movie studio invested in the latest mission impossible film. the biggest company in the time when he stock exchanges set to be open to a bid from china. the nikkei news reports that would like tomc see more easing across trade investment policy. morris chang said an investor would have to pay $30 billion for a 25% stake in the company. taiwan relaxed rules in chinese investment. the japanese contractor they came under investigation because of a tilted building up ended its profit forecast. last week, they found falsified data on project overseen by several employees. the company will check 3000 buildings it has worked on over the past decade. the fallout from the falsified data is difficult to estimate and has not been included in the revision. >> we have seen some cancellations for our properties. but not enough to affect our earnings. we will continue efforts to regain customers' trust. zeb: those were the top or it -- the top corporate headlines. shery: a big week for ipos. o

traded adr and look at what baidu and baba has done. >> you set me up perfectly for singles day. because peeking of alibaba, jack ma will be on "squawk on the street" next week. that is single day. it is alibaba's biggest sales day of the year. >>> next up, video game company activision blizzard is tapping into a new multi-billion dollar industry and it has to do with sports. julie a boorstin joins us live from anaheim, california. julia. >> thank you, sayra, i'm hear a the leather stone plaza. it is here at bliz con which drives 25,000 gamers to a weekend of events with millions more people watching online. and the main attraction is e piv sports. competitive video game play to determine the world champions for four different video games, competing for over a million dollars in prize money. activision blizzard just last month created a division devoted to e piv sports and hired the former ceo of espn and the nfl network to run it. >> think about how many tens of millions of people are playing games around the world. in organized competition. it is only going to grow. we have the

. >> baidu nearly 800 million people suffer from lack of clean water around the world? that is completely unacceptable to me. that is why i am working on a way to solve this global problem. by taking the polluted water we have an providing technologies to filter it back into clean water. my name is manny. senior vp of technology. we are coke. >> checking your fantasy league? >> just my 401(k) statement. >> where did you find the money for that? >> saving a little bit every month. >> i can' t see -- seem to save anything. >> what about the money you are spending? >> it' s gone before i get my hands on it. >> pizza for todd? >> can someone spot me? >> get tools for saving at feed the pay.org. -- feed the pig.org. anthony: we are back with david rubenstein. how has the private equity david: it has changed more since the crisis than in the previous 45. it used to be the case that the largest investors were public pension funds, now it' s sovereign wealth. everyone used to go in and pay the same fee, now they pay lower fees. it used to be the case that everyone paid the same

alibaba already owned a minority stake in youku and a full ownership will help it compete with baidu invested in the latest vision possible film. the biggest company on the taiwanese stock exchange is said to be open to a bid from china. chipmakermaking of tsmc says there is no reason to abandon mainland money. the largest investor would have to pay about $30 billion for a 25% shea -- 35% stake. suing five former executives in connection with the accounting scandal that brought the company basically down to its knees. joining us from tokyo is what did's pat bell -- we learn from that press briefing? toshiba is taking five former executives to court. that is three former presidents and two former cfos in their involvement of a scandal over seven years. toshiba is seeking ¥300 million, about $2.4 million. the company has already set potential billion for fines from the regulators and it lost a third of its market cap to the scandal broke in may. this is only the first step in having to address the lack of trust for company has with the markets. toshiba have identified another 30 lower-

you are talking about companies like alibaba and baidu.t does this do to the investment base of these companies? i think is very positive. the stocks of been out of index for quite a while. baidu has been out for a while. alibaba, new companies. the addition of these 14 adr's, which are obviously for enlisted, did not have an institutional base, in my opinion, and this does rod and the investor base. them will have to include as they follow benchmarks, but also long only investors, which are quite long in emerging markets, will have to include them in their portfolios, at least versus the benchmark. and finally, the increase is in the benchmark in china quite dramatically. it's possible that they will be by secular growth companies and less materials that used to be in the top 10. good point.t is a it also widens the valuation gap with shares excluded from the indexes. does that create opportunities for those kinds of companies? yes, they trade at a big discount to a shares. those are at a 40% premium, which is quite wide. if you look at t

full ownership will help it compete with baidu.est company on the taiwanese stock exchange is said to be open to a bid from china. the chairman of the chipmaker says there is no reason to ban mainland money and he would like to see more easing across rate investment policies. he said an investor would have to pay $30 billion for a 25% stake in tsmc. taiwan has relaxed rules on chinese investment. the boss of the world's biggest shipping line says the global economy is growing at a slower pace than forecasters think. the engine is slowing down and trade is weaker than normal. last month, the imf lowered its 2015 gdp forecast to 3.1 percent, citing a slow down in emerging markets because of weak commodity prices. rishaad: we are looking at one company which has been halted today. the australian oil and gas producer, announced plans to .aise they need to cut to their debt down, that is the problem with this company. >> this plan should go towards helping. shareholders will able to -- .ill be able to buy one share that will allow the c

total, baidu has set aside $3.2 billion over the next three years, that number is only expected to growan get speech recognition to a level where was completely natural, where it didn't just have 90% accuracy but 99% accuracy, that would be totally transformative. ♪ ♪ we wrap up this addition, let us take a look at some charts. that is hard to imagine business without money. yet, for thousands of years people got along without money. got the announcement. raise rates as expected. they seemed to open the door for a rate hike in december. they removed a line about global growth concerns and talked about what it would take to get a rate seminar.he you can really see that showing up. the yields on government bonds. the fed controls short-term interest rates. there is a big surge today on the yield for government bonds. we are seeing other reactions to the dollar is higher. we can really see the instant market reaction to the fed, you can see anticipating higher rates that people have thought. one thing people have been surprised by is the u.s. economic data had been mediocre lately. kind of

alibaba and baidu, on. -- come on. shares of tom-tom surge to the highest level in more than six years. it was for a deal with uber. they agree to a multi-year partnership. we do not know the financial terms of the deal, but this is an extremely valuable business. tom-tom is a company i have been watching for a long time. the value of their map software may be greater than their business selling mapping devices. >> mapping is hugely important to technology companies. i was talking to an investor yesterday who was speculating if uber knew that, google would have bought them. there are so few companies that have a good sense of what is happening all over the world. and tomtom is this map provider that uber can work with. >> how powerful uber and signs a partnership agreement with tomtom that says to me uber is at the center of the ecosystem. and tomtom is a good stock to own. the devices though are not that interesting and your iphone can do so much of what a tomtom device can do. the fact that it is moving big stocks li

the baidu, te i do not know if they would be like this in 10 years. emily: are we in able?> -- a bubble? >> no. every year, we call it a bubble. there are investors who are saying they are skeptical of alibaba.shorting concerned about accounting. what do you say to that? >> that is their right. if they believe what they do, they should continue to do it. we cannot comment on their strategy. people like you, i cannot make everybody like us. we do things we believe right. we do the things the company believes is right. d, wesaid when we ipo' cannot promise to make everyone happy. philosophy. we have been saying for the past 10 years, people like it, people do not like it, that is their right. emily: the united states is your biggest potential market. you are opening an office in new york. you have visited several times over the last year. what does alibaba in the united states look like in five years? >> i would say we are very thankful for the united states. seattle was my dream in 1995. thought american tourists would come to my city. i would have to learn to speak english.

partnering with baidu to invest in direct banks. million.bout ¥2 that partnership boosting shares a little bit on the first day of trades. strength, newing headlines about tighter controls from its state-owned parent. seven executives were under investigation for government probes. sources telling us there could be possible shakeup in management. the chairman will step aside. exchanges down 1/10 of 1%, but charles lee saying shenzhen stock link is unlikely. even after the formal announcement, it may take two months before they can get things started. as they announce that china is expanding the trading quota and the number of eligible shares for that chain kang -- shanghai shock -- stock link. rishaad: home prices in china, recovery slowing, supply glut as they try to revive the market. some of the facts behind the numbers. >> the number of city seeing price games on new homes fell in october. the pace of gains in those cities slow. prices writhing in just 27 the cities tracked by the government, down from 39 in september. it breaks

alibaba, baidu, they are not in any of these global indices.hey only list here that will change on december 1st. china's weighting will increase in many of these global indices. these indexes have become important because essentially the world is moving to them. there are more investors investing in stocks tied to indices, that's what the etfs are about. the passive funds we talk about. the composition of the indices has a big impact on investors. if you look at some other things, alibaba is going to have a much bigger weighting. bigger value in the world indices. baidu also much bigger weighting. the emerging market etfs we talk about. for example, like the eem, for example. this is based on -- they use msci indices. they'll have greater weightings in china. china's weighting will go from maybe 24% to 27%, 28%. china will get bigger. shanghai which is all the "a" shares trading, already has a link with hong kong. foreign investors can get in soon, the next quarter. there will be a link with the shenzhen stock exchange which has newer, younger

alibaba is facing real competition from 10 sent and baidu.ced a deal so it would be the exclusive online showing partner for the james bond series. they are very strong right now otheregrating with jd and e-commerce players. alibaba is not in desperate mode, but challenged mode. that's why they are making an accusation -- qc -- acquisition into youku,. emily: can you give us a sense of how many people in china watch youku? is it really like the youtube of china, or should we think about this more as a netflix or something else? >> youtube and netflix mashed together and a lot bigger. if you look "big bang theory" downloaded 240 million times in china last year on a rival website, youku is even bigger. the scope is hundreds of millions of downloads, not the millions or tens of millions. the second part is the real shift in china is more towards spending on services and entertainment and away from physical items. it's a very smart thing for alibaba to buy into youku, because that is the wave of the future. emily: i wonder what this potential in

interesting and any weakness are based upon some sense, consumption based, and we talked about alibaba and baidu and china mobile which are reflective of consumption trends. i think those are okay. but people need to watch this because it is the same stuff that people were selling off. >> and we saw macmarin and wynn under pressure today. day two of that. >> if you are looking at the shanghai composite, it had a nice bounce in the last couple of weeks. but when you look at the u.s. multi-nationals expecting growth from china going forward, it is a bit of a disaster. i want to make one important point. if you looking at the guidance of nike or the results of starbucks or apple in the last quarter that they gave. i think you are looking at the wrong lense as it relates to the chinese consumer to me. these are brands killing it all over the world and those aren't the ones you should focus on. i would remain focusedond industrial-led aspect of the economy and it doesn't look good right now. >> and the good data points are not worth scrap ating. >> if you say cat or something like that. >> and resour

will be some inclusions of from some of the china's adrs with the likes of and the search engine, baidu. this is good news for the president's efforts to boost technology in china. let's look at the major losers in the oil sector. petro china is down more than 4%. there has been a few bright spots. players, lg, tech --sung, and a more pacific amorepacific is doing well. good buys. few guy: not everything is about friday the 13th. there is good news from hong kong and austria. anna: we heard from the fed and ecb through out the day yesterday. several said officials reiterated the time for policy normalization is approaching. >> a simple and prudent approach to current policy is to move the policy settings closer to normal levels now that the goals have been obtained. there is no reason to continue to experiment with extreme policy settings. quantitative easing has had little or no effect. part from a potential signaling that it provided, regarding the outlook for future economic growth, or future policy-setting. >> there is also evidence that suggests inflation expectations are under dow

she highlights baidu which is up nicely as well as seatrip.ain.st she does not highlight or mention specifically j.d..com. ons stock is up nicely followthrough to its record single day earlier this month. comings that momentum is back to the china-based stocks and most are trading above their 200 day moving average and something that could be considered ironic in light of the commodity selloff. alix: thank you so much. scarlet: coming up, the national hockey league is the international game of north america and we will sit down with henry lundquist next. ♪ alix: welcome back. the national hockey league is better positioned than the u.s. other major professional sports to capitalizing globalization. 25% of its players were born in other countries including new york rangers goalie henrik lundqvist. he is a hero at home after lead desolating the national team to a limbic metal but is putting down personal and business roots in new york. i sat down with him recently and asked where he plans to settle in his playing days and? >> that is the biggest

that's up, baidu fractionally the side of positive. a real estate and home furnishes site also on the upside. you can own that. there's a whole chinese eco structure. the kraneshares china internet, kweb, that's one of them. the biggest holdings are alibaba and tenset. a mixed bag on the economic stats on china. traditional china, industrial product shun up 5.6%. that was disappointing. october retail sales up 11%. that's above expectations. maybe they are actually able to do this, transition more to a consumer oriented economy. just on alibaba, i wanted to note. they went public at $68 a year ago, october a year ago. though were around $60 just last month. they have made a real recovery above the original offering price as china stabilized. another thing weighing down the market besides oil stocks, retails. macy's down 13%, trades just behind me. dillards, nordstrom, jcpenney on the down side. real issues for them here. macy's, of course, hope you saw terry lundgren on with us. comp sales down 3.6%. guidance was below consensus. they

-listed chinese stocks into their indices, including alibaba, jd.com and bay baidu. >> alibaba is notof these major indices although it's one of the biggest companies in the world. why hasn't that happened and why is it a big deal now? >> the definition of china has been 150 chinese companies listed in hong kong. with the msci decision to including the u.s.-listed names 14 u.s. listed chinese companies will go into that definition of china. >> just in hong kong, not even mainland china, we have 14 big companies here that were never included. why weren't any of them in the big global indices? >> because they're listed here, they didn't fit the definition of china. msci has gone back and changed that playbook which affects asset managers globally. >> the important thing is we want to emphasize the passive investors, the people who are index, are winning the whole battle around the world. so whoever -- what's in these indexes is what controls the world essentially. so it's very important right now. so eem, for example, which we talk about all the time, that's pegged to this index. >> cor