during opening night of a three-day conference come a tim cook says he plans to talk with alibaba's jack ma. >> we are going to talk about getting married later this week. we will see. leave?k now, he is still here. i have the most respect for jack. we love to partner with people who are wicked smart that have flexible teams, that our product-based, and that pushed us. and we like to push them. best partners we work the with dan jack as a company that is exactly like that. what he has done. he has brilliant guys in the company. if we can find some areas of common space, i love it. i love partnering with people like that. >> just a little context. went on stage after jack ma who referenced mary j couple of times in his keynotes her. what could a marriage between alibaba and apple actually look like? >> let's assume we are talking about a hands-off marriage and not a full marriage. it would be a tremendous opportunity for both companies who both have strong positions with the chinese consumer yet both have increasingly competitive headwinds in their face. high end oft is the the phone market

tim cook and jack ma were acting like buddies yesterday. josh lipton was there and joins us from los angeles with the highlights. >> the biggest headline to come out of korves conference. a potential partnership between apple and alibaba. >> we are going to talk about getting married later this week. so we'll see. i have the utmost respect for jack. and what -- we love to partner with people that are wicked smart, that have flexible teams, that are product-based and that push us. and we like to push them. and so those partners we work the best with. and i think jack has a company that is exactly like that. >> now both stocks are trading higher today. apple touching a new all time high. and al wibaba around 100 bucks share now the largest publicly traded non u.s. company by market cap. cook might have had a very nice thing to say about alibaba and jack ma but he didn't pull any punches when talking about his big rival, google. >> we believe that your data is yours. and we are not about collecting every detail about you and knowing what time

jack ma $20 billion. it is also going the other way from u.s. to china. easier to get a film distributed in china than it was three years ago, but it is still challenging. it is important to have key relationships if you want to be in china and grow your business, and it is the second largest market in the world. >> online video is a hot growth area, and the chinese version of youtube has been reaching out to u.s. entertainment companies for help. what kind of progress to receive their -- could we see there? >> it is the same thing. that is a mature market here, and the studios that produce that kind of content have the expertise. it is a huge market in china, that is largely untapped as of now. companies here see it as a huge growth opportunity. >> chris spicer, thank you so much. android is the operating system most use to access the mobile web, but does it draw the most mobile revenue? ♪ >> i am emily chang. this is "bloomberg west," live on bbg television and streaming on your phone, tablet, and at bloomberg.com, now on apple tv and amazon fire tv. an

and that would be very good news for hollywood and for jack ma. >> editor at large corey johnson andn chang author of "the coming collapse of china." twitter ceo dick costolo is making a shift from the company's core products while doing so -- details "request." ♪ >> he has built some of the world's biggest pop stars. justin bieber, ariana grande and carly rae jepsen. it started when scooter braun stumbled across a youtube video of a kid in a canadian talent show. that kid was justin bieber. braun is the manager who catapulted him to superstardom. but as the music industry goes through dramatic transformations, ron is reinventing his own empire, producing movies and tv shows, investing in tech companies like

evidently he will be meeting up with jack ma today. what is this all about? >> from the aspect of meeting the retail outlet for their products, jack ma is an obvious conversation you want to have. the importance is global. the team running is the largest commerce site in china. they have a lot of webpages set hasn the u.s. car company their own brand and size. but kind of conversation is an obvious one. if you want to sell more phones in china, you want to talk to jack mob. -- jack ma. to you.s good to talk looking ahead on the show,jokowi proves he is a cabinet maker. we take a look at the team he picked to run southeast asia's biggest economy. the luxurious world of private planes. an exclusive interview with vista jet's thomas flohr. ♪ >>>> private plane company vista jet says they are having what they are calling an exceptional 20 port teen seeing a to $.25 increase. is with us. he says they see more and more planes coming into the fleet. but we have a fraction in ownership. we have chartered planes and downright ownership. how is yours different than fly

tim cook used to meet jack ma today. today.o meet jack ma let's have a look at things, john.e start of the session in hong kong given the premarket. delay to the can the shanghai, that is crucial. -- the delay to the connect, that is crucial. here they are, right now, you can see the markets close. that is new zealand, the rest are seeing opens. hong kong is falling as well. hk exchanges, the biggest decline or. .-decliner the big one is this. we know about it but we do not know why it is happening. to the delay long-awaited joining a forest with hong kong and also shanghai. other markets are opening as well. taiwan, you can see that. malaysia. , bank of japan on friday. the fed meets tomorrow and also friday. the question is, will they ended again? james talking about is a easy time to end it. -- is it the time to end it there it's australia's number one on the charts today, you have retail and food. this corporation is rising -- corporation is rising, the hong kong is the story because of the exchange. i will show you again. jar, there is no graphic detail, here it is. -- a

jack ma spoke about this into "60 minutes."fear of god in me about his relationship with the chinese government. listen to the clip and get your response. >> we have a veryvery strict process working with the government. they want to, it is related to national security, we work together. david: national security. i mean, you know the chinese definition of national security is much more broad than mine. i'm not sure i want all of my apple information in the hands of alibaba. >> well i'm not sure it would be but if you're a chinese citizen it most certainly would be. and as a potential shareholder, because that's what we're talking about here i wonder what is apple getting out of this? they seem to try to sell as many iphones as they could. maybe this relationship would push a few more people into an iphone. at the end of the day, this is china first nation. and alley pay is going to win, not what apple pay has to bring to the table. david: adam, call me paranoid but i'm concerned about alibaba having my apple information when th

you helped write this story -- why is jack ma going to hollywood?> in the near-term, alibaba has a set-top box business. they already have a jv relationship of landscape that allows them to screen content vector their content in china. -- back to their customers in china. this is more than just the near-term. by going into more studios, he can theoretically get more content and offered it in a variety of different services with alibaba. over the long term, i would not be's apprised of alibaba eventually decided to investor rectally in u.s. companies -- to invest directly into u.s. companies. their strategy has been to take small stakes in companies. we will have to see whether that continues to be the strategy and they can make a larger investment and a u.s. film studio. >> gordon, anyone who is lived in china including myself knows you can buy pirated dvds for less than one dollar. you can get movies before they even come out in the united states. why would alibaba be bothering with this? >> i think this is very important for alibaba. if you look a

jack ma is on the hunt in hollywood -- could he play a role in getting access to the chinese market? is next on "bloomberg west." ♪ >> you are watching bloomberg west. alibaba's jack mize here in california today, meeting with silicon valley and tech elite. he is leaving a team of alibaba executives through hollywood this week, hoping to strike deals that would host its online content offering. he is set to meet with studios, like lions gate, disney, viacom, and time warner. what could a partnership with alibaba mean for l.a. studios hoping to expand in the second-largest film market in the world? christopher spicer joins us now via skype, he specializes at the school of theater and television. how big a business could entertainment being for alibaba? what would this mean? >> it could be huge for them for a number of reasons. primarily, they have a huge online platform, obviously. and they are looking to grow our that platform -- growth that platform for the biggest way they can do that is grew that content, and international content is here in hollywood. that is reasonably what he i

you know jack ma talks in decades. ma's son talks in centuries. when they talk about long-term trend and i think we've become so focused on quarter to quarter numbers we kind of lose track we're in a true technological revolution and i think if alibaba can come to the united states, plant a flag, a big orange flag, my hashtag, wear orange on twitter. >> right. >> if they can do that and get a talent like marisa to lead them, i think that also smooths the anti-competition problems that some people have. you snow, china hasn't opened their market to other u.s. tech companies. they basically want national champions. and so here's a chance for one of those national champions to try to skip into the united states. i could see some of the government officials in the u.s. saying hey, hey, quid pro quo, you have to open up your market. if they come in and save so to speak or really leverage the brand of a yahoo! which is iconic american company, one of the best things about the revolution in the '96 to 00 tech wave, i think it could be magic. i really lik

ma baba group chairman jack is meeting with hollywood exec tiffs.spoke with alex gordon, author of "the coming collapse of china" about the meetings. we asked, what could they get out of a possible deal with hollywood studios. >> in the near-term, ali baba has a set top box and they have a j.v. relationship with lions gate allowing home to stream content to their customers in china. but this is more than the near term, i think. by going to more studios, they can get more content and offer it in a variety of different services with ali baba. over the long term, i wouldn't be surprised if ali baba decided to invest directly in u.s. companies like we've seen from softbank. ali baba's strategy has been to take small stakes in companies. we'll have to see if that continue thobes strategy or if they make an even larger investment in a u.s. film studio. >> now, gordon, anyone who has lived in china, including myself, knows you can buy pirated d.v.d.'s, pirated material for less than $1, you can get movies before they come out in the united states. why woul

he could not say enough positive things about jack ma.ing business in partnering with people like that. those two both gained strength. >> it is only a matter of time. there is a target price of $110 by the end of this year. they are in hollywood, they are looking to make deals. good fore is pretty china e-commerce. >> i'm going to say i love jack ma and both of your share prices go up. taco bell is launching a new mobile app. what is really cool about it is you basically can order and pay for your tacos. and then go and pick them up. >> do you think this is really cool? are you a big fan of taco bell? >> i've been customizing my talk is for the past 20 years. i don't eat red meat. in, you can be more specified. >> i don't get it. >> it is the whole u berization. >> you still have to go to taco bell. unless i'm drunk at 3:00 in the morning, i don't want to be a taco bell. everyone has been to taco bell. it takes 4.5 seconds for them to make it talk of the way you want it. >> we are busy people. we need to skip lines and get moving so we c

ceo jack ma -- he's not the ceo, he's the founder of alibaba. he speaks at length on that idea and we'll tell you what he had to say in a couple of minutes. far from the ceo. joe tsai is not even the ceo. twitter shares are down sharply premarket despite posting revenue that doubled in the third quarter and beat street forecast. q-3 the number of users that logged into that service once a month rose 4.8%. that represents slower growth compared to the prior quarter. in an exclusive, the ceo told our julia boorstin that mobile is paying off for twitter. >> in the last year we released our mobile profiles experience. those new mobile profiles have dramatically increased the number of views, the number of engagements and the number of specifically media content views on those profile experiences. we like a lot the strategy we've got. >> give me your thoughts on twitter this. morning i managed to talk to a number of people long and potentially short the stock. talking hedge funds. they say it's not as much the monthly average users they are worried a

>> i think this is a smart move from jack ma. they own a company in a circle of trust.lipaythe companies is and it touches 800 million customers in china and it's about 80% of the e-commerce sales. it's a huge deal over there. now they are bringing it here and targeting just the chinese consumers. it could well expand way beyond that. watch very carefully what jack ma does. he is a smart man. >> paypal is watching this carefully. it is nowhere when it comes to doing anything in china right now. you've got alipay and a stronger alibaba coming into the u.s. market. it is a long -- as is a short time until paypal disappears? >> i don't think they will disappear. its a smart move to split and it will be a valuable company all by itself. it's typical for american companies to become leaders in china. jenna picks alternatives to big companies like why do and others. it will be hard for paypal to crack the china market but it will do very well in other markets around the world. >> another tech company that is getting into the whole mobile payment area is apple. we are waiting

we're learning with jack ma, the founder of e-commerce giant does not shop online at all. >> shocking. melissa: his whole entire business. wouldn't you at least lie and say you did it if that is basically your entire business? no, i don't shop online. >> are you burying the lead on this story? not that he shops online. melissa: shopping. >> apple has a million new users on apple pay product, on alibaba's product they have 300 million. apple wants a piece of the share of the up-and-coming class in china right now. so it is not shocking that apple would want to pair up with alibaba. not sure why alibaba necessarily wants to pair up with apple. it -- >> should the stocks be going nuts on this thing? melissa: which one, apple? >> look at alibaba. melissa: both at new all-time highs. >> alibaba is surprising, it is above the high of when the ipo opened way which was 99-point off something, right? this is above that. this is first time trading in that $100 level. >> anything that gets attention from consumers outside of china is good news. >> does alibaba deserve $100 stock price you think?

lauren fabius met with the founder of alibaba, jack ma. france wants to be alibaba's european hub.hey're hoping to build upon an earlier agreement that allows small and medium-sized european countries to use the alibaba platform at a discount rate. time for one last story. a famous motorcycle being auctioned. the customized harley-davidson from the 1969 movie, "he's he -- "easy rider," was sold for one million euros, despite concerns over its authenticity. it's that the previous 12 years on the national motorcycle museum in iowa -- it spent the previous 12 years on the national -- in the national motorcycle museum in iowa. >> if you have one million euros going towards a motorcycle, we will join you in your desire to be very certain that it was peter fonda's motorcycle. >> thanks for that business update. you are watching "france 24." time for our press review. we are joined by nicholas rushworth. are you going to start with a look at what is happening in the united states in "usa today"? >> it is one of the main papers in the country. the front page of the international addition -

although the next list isn't ranked, it does include some familiar names like alibaba's jack ma, tim cook, the current ceo of apple, hedge fund billionaire ackman and tesla's elon musk. some that are not, co-president of the carlisle group, mike cavanaugh, the founder and ceo of spotify and the ceo of solar city. some flames that you'll want to pay attention to in the future. you can find the full list of future movers, shakers and power players on our website, of course, at nbr.com. >>> some of the names that aren't familiar now they'll roll off people's tongues, as well known as ste jobs. >> i'm susie gharib. >> i'm bill griffeth. see you tomorrow. >> "nightly business report" has been brought to you in part by -- >> the street.com, featuring stephanie link who shares her stock picks and market incites with action alerts plus. the monthly million dollar portfolio she manages with jim kramer. >> welcome to "film school shorts," a showcase of the most exciting new talent from across the country. experience the future of film, next on "film school shorts." >> "film school shorts" is m

number seven, jack ma goes hollywood. making a studio, planning to acquire online content.everyone from lions gate to disney to time warner and more. we've seen these hollywood blockbusters like transformers hit it really big in china. chinese consumers love these big hollywood.lms from >> this was the path they were always wanting to take. they want to be all things to all chinese people. boxesave these top set where you can show their online content. they are looking to tap into this market. los angeles and hollywood does very well how to separate people from their money. there have been movies made people that show up in town and have a big checkbook. >> are you a transformer kind of guy? comes to the u.s., we have mark zuckerberg heading to china. visiting a university in beijing where he has been learning mandarin. >> [speaking mandarin] >> i did not understand a word he said. this is really great here at his chinese is pretty good considering the fact he learned it only in 2010. his chineseto girlfriend, now wife. he had to speak chinese to ask permission from her mom

now, alibaba's jack ma was also at the event.asked about alibaba now developing a new operating system and whether that is a threat to google. >> google does not cork pretty well with china government. so that makes the engine disabled stuff. and that makes chinese user not using smoothly. a lot of chinese people cannot use. so we need to work on that. >> so obviously ma seeing opportunities here beyond just being an e-commerce giant and offering alibaba operating system he thinks is one of them. by the way, ma is now a big movie fan as we know. he's making the rounds in hollywood to try to learn more about the movie business which he says is another big opportunity in china. joe, back to you. >> all right, josh. thank you. here's an example of a bad winner. he just beat his teammates and friends to clinch the 2014 table tennis men's world cup title in germany. he then will proceed to put his foot through some advertising boards. and that led to him taking off his shirt -- should see this soon. there's the board. >> why is he kic

. >> tim cook and jack ma, it was ce between the two. th on stage and asked the question, would you want to work with each other? jack says i love apple, i admire tim cook. tim said that, he has done a great job with alibaba. could we see a merger between the two in their businesses? >> a lot of people wonder that especially after ebay split up with paypal. with steve jobs around, would this have ever gone forward? he would have been closed up two other partnerships. >> he probably would have hated jack ma. apple pay could learn a few lessons from alipay. it is accepted at 250,000 merchants right now. cbs and write and walmart will not be accepting apple pay. has 190 million active users. billionaires,out especially in asia, softbank will invest in any indian ee retailer. that will compete with amazon in india. he is also leading a $210 million investment in a competitor to uber. what is the name of that indian company? >> snap deal. >> i believe it was one of the most highly valued start up airbnb.s since i did not realize it was the ind

. >> when i interviewed jack ma, i asked him about the timeline for expanding in the united states. >ave some small business in the u.s. in california, washington state, we are selling lots of seafood. we want to sell more things. we are coming here to help a lot of small business which i think needs to be done. >> how is this part of the expansion strategy into the added states? >> i totally agree with jack on this point. we compete globally. we can reach consumers who have needs globally. we provide a basic infrastructure. we help people to go to china. >> there are huge problems that retailers face in china. there are counterfeit goods. how does this help prevent against that? >> this is what i believe. if you give access to the real, authentic goods, people will enjoy the experience. you are giving people the real experience. it gave them access to the lifestyle and allows them to use what they are used to to make payment. that will be annexed -- an authentic experience. that is the best way to deal with counterfeits. >> they may be the biggest rivals and technology, we are talkin

he is happy. >> jack ma had a huge impact on the actual ipo itself. er the company wasn't that well known in the united states. what jack brought and i went on the road with him, he brought this authenticity, genuine, truth-telling, open honesty, like a real values-based leadership model which flows all throughout the company. he's got the customer first, employee second, shareholder third. i find that companies that have this real value-based leadership philosophy, they tend to do really, really well. especially in boston where boston investors can see authenticity a mile away, they loved him. >> he asked of his shareholder base, trust me. these were the tougher questions i know he got on the road which dealt with transparency, which dealt with some m&a transactions. you spent a lot of time with him over that period of time. should we just trust him? >> i certainly do. you've got a $300 billion order book with 1,700 names. so there's a lot of trust being placed into this company. remember, it was a global road show. it was a two-week, two-team global

cook and alibaba chairman jack ma would like to work with each other on payments both on stage at the conference in laguna beach. they want to work on payments in china. this would give apple access to the chinese market and give alibaba a chance from going to be online payment system to bricks and mortar. gerri, very importantly, getting access to apple data about consumers. gerri: absolutely right. very good point, robert. tell me, is there talk about a tech bubble there? >> yeah, that was a little bit of talk about that as you might imagine with some venture capitalists on hand. marc andreessen, of course, one of the most famous vc guys, down from silicon valley talking about that. he fielded questions about the tech bubble. he said there are tens of billions of dollars out chasing big ideas. he said there are 15 what he called unicorns. those are company that make it every quarter century. every 25 years you get 15 companies make it to ipo and one billion dollar market cap. he said the only reason there may not be a bubble brewing, technology is expanding into new industries. he m

>> but jack ma is one of the truly great imaginative people.incredible, and you see what he's done. he's one of a kind right now. and to the extent he can continue doing, which i think he probably will, the stock is not expensive. liz: mike holland of holland & company. don't scare me. thank you very much. with all of that, we're at session lows. five minutes before the closing bell rings. we're going to take you up to it and through it. ebola scaring the markets. the outbreak means hundreds of thousands of rubber glove sales and surgical gowns all needed in west africa. the business angle here, we're joined by one of the top executives at kimberly clark that makes the potentially life saving gear, dow down 250 points. don't move. closing bell after this. copd includes chronic bronchitis and emphysema. spiriva is a once-daily inhaled... ...copd maintenance treatment... ...that helps open my airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace rescue inha

both the control jack ma and the alibaba partnership have over the listing structure and the share structure. >> eric, compared to a lot of other ipos this year, they have traded in a narrow range. that range getting a little larger now. but what accounts for that. why has it stuck so close to the first day's trade. >> you are looking at a company with a very large market cap. excess of $200 billion market. so to be able to expect an enormous ipo pop with smaller ipos for something that large when there was a large amount of stocking with sold into the market is unlikely. so this is a story that evolves over multiples of years. how they come out of the gatd with their first, second and third quarter of operating performance as a public company is going to continue to o compound the impact to the upside for this stock going forward. >> we've got an trickle of information how alibaba might be entering a u.s. market going forward with first costco. opening a t mall site, using t mall distribution to get entry into china and also opening up payment system to u.s. users as well. or to rather chin

we had jack ma here last week with the alibaba talking about how customers come before anyone else.ezos has been playing that playbook for years. >> i think that works. if you focus on customers first and empower them with information and tools by which they can do things that they never could do before, it works. and i've built my career actually focussing on empowering consumers with information. power to the people. empower them with information and do what is right for the consumers and you are on the side of the angels. and no matter how proefktive to the rest of the industry they will come around to your way of thinking. >> i thought it was interesting about what he said for competitors. because amazon is known for being paranoid about competition and taking them out when they're small. >> if you read the everything store, the book that came out. ho he brought the guys out there and while they were in the store he announced amazon mom. >> alibaba, down today. still has 70 billion dollars in change in market cap on top of amazon which is five years older company than alibaba. s

and in terms of alibaba i love what jack ma had to say about that company as well. >> you are looking positively at -- >> i am. absolute will i. i look at the numbers and i think there are ways they are going to be able to move that conversion rate into mobile space still. and when they talked about ad spend, and bob peck has been a bull on here. he was discussing the idea that as they have sold off you can see still there are area where is they got gains and where the gains are going to come is from the brands that are liking what they are seeing. >> jim cramer made great points this morning. of management a really great product someone else could do a better job with. poor execution. what is your take? >> i agree. and twitter is something a lot of people can get tired of. it takes your time and i was on it the other night for a first time in a while and said why am i doing this? there are so many better things i can do with my time. but you can't compare their business model to alibaba. i'd much rather go with alibaba and growth company, that kind of multiple twitter has aren't supp

jack ma and company had to buy back all the shares and disappear and find their way again.lure is not always bad because it is part of success. is this the average stock for retail investor to try to dip their toe in? >> let's start by answering that question first. there are a lot of risks associated when investing in a chinese company, especially one whose above nance structure with -- governance structure are on cayman islands and. there are lot of risks associated with. that the alibaba in hong kong was just the wholesale piece of the business which is relatively small piece of the business. that piece stopped growing. the alibaba.com that went public on the new york stock exchange is the one that owns two big chinese brands that are growing quite quell well. so they had an experiment on the on the hoppings kong exchange with the wholesale biz. it doesn't go well of the company that is publicly-traded now as baba, is the entire group which includes very fast growing franchise in china. david: let me ask about alibaba's desire to get into the u.s. market. i'm already get

. >> there's a man by the name of jack ma who sat next to me on "squawk on the street," who said theing and it's a successful company. he's the ceo of servicemax. remember, if you know more about it then what happens if it ever does come public, look, i've looked into this and i'm interested as opposed to saying it's a hot deal and i want a hundred shares. it doesn't work like that. stay with cramer. we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. you know your dentures can unlike natural teeth. try new fixodent plus truefeel. this smooth formula helps keep dentures in place. it's free of flavors and colorants for a closer feeling to natural teeth. fixodent. and forget it. >>> 11:43 a.m. we saw the face of pure panic that was unbelievable to watch and every single stock hit bottom and maybe a couple that didn't and it was when you had to do some buying. if w

jack ma, the founder of alibaba, was on "60 minutes," same show about a week ago, eight days ago.re is what he had to say whether he was sharing any information with the chinese government. take a listen. >> we have a very strict process working with the government. if they want it related to national security we work together. any country, any citizen, anywhere you have to work. >> if they want to do it, if it is related to national security we'll share the information. now he said, hey, you guys do it, but our national security is a little different from their national security, isn't it? >> it is and you know most governments are focused on on taping this sort of information, not necessarily intellectual property but surveillance information. the big difference between say the u.s. and china is the fact that the u.s. down turn around and give it to one of the u.s. companies so they can knock it off. the statements that were made i certainly would be reluctant sending my information over there. most corporations in china have some ownership by the government. if they want that i

. >> recycling jack ma teens throughout the administration.opeful that they will pull it back together. @e need a very smart all and strategy. stuart: we also have an update on nina pham. doctors say she is in stable condition. you are looking at a picture, or you will be shortly, of the carnival magic cruise ship. it is being held off the shore of bullies. she wanted a voluntary quarantines. no effect on the share price of carnival. nurse number two, amber benson. frontier airlines trying to contact 800 passengers that flew oo the same plane she did after she got off. on the issue of nurses and protocol, here is a question, do they have a right to reffse to treat ebola victims? i know that you are a consultant and you are a consultant to the nursing professor. can we stay off ebola cases? when they ask that question, what do you say? >> first of all, it is not a simple yes or no. it basically says that nurses have a right to reject an unsafe assignment. here is the reality. american nurses association does not higher nurses and they do not fi

and tech titans kick around possibilities, alibaba's jack ma says he is interested in working with apple'sents. he said it makes sense for his company's alleipay to team up with apple pay. tim cook called ma a brilliant guy, the kind that apple likes to partner with. >> i feel like there is too much high school crushing and gossip in tech. do you remember when eric schmidt and steve jobs went out to lunch? it was reported they were having a bromance. tobias, do you they attention to this at all? points, as the industry has matured -- >> yes, of course, even when we talk about excessive valuations in certain areas of tax, at least in most cases the company is profitable, which is way different from back in the late 1990's that >> tobias levkovich with us from citigroup. within the new mediocre, the imf's message on tepid global growth, a struggle for global animal spirit with all of that whethered, you invest it is a 401(k) or you are an institutional pile of cash, tobias knows. he knows the market is up 18% per year in the last half decade , and now we look to your investment future as wel

jack ma, tim cook hinting at an e-payment partnership.was the headline speaker at the event, he spoke about the success of apple pay. >> if you

. >> a jack ma reference. that's right. we have a lot more earnings to get to. ford, p&g, microsoft and how their stocks are faring in the premarket. what are today's results from ups telling us about the economy, the economy and the holiday season? we'll talk to kurt kuehn later this morning. we are trying to get as much information about that doctor in the hospital in new york city. a lot more "squawk on the street." gamble beating the stre its quarterly earnings. revenue in line. p&g announcing plans to exit the duracell battery business. automotive revenue came in slightly below forecast. ups better than expected results adding december shipments up 11% from a year ago. we'll talk to the cfo late they are morning. probably most interesting is the duracell news out of p&g. >> i remember in 2005 when they did the largest deal. it was a great deal. i remember when gillette got with duracell. you were going to have batteries in your razors, which some of us do. this just says proctor and gamble means business. we've been waiting for them to trim, not the fat whi

jack ma, the leader behind the firm, is actually starting to do some philanthropy inside china. he's worried about air pollution from andy's focus very much on the environment. of course he's cognizant of kind of billionaire activism. it can get you in trouble in your home government. so he keeps telling government official i want to work with you. like, i'm not working against you on this issue. something there are lots of interesting things going on in this area. we are out of time but i want to thank our panelists, peter, ruth, john and brody, i think your comments really added a lot and really push you learned your insights. for those of you what books, we have them out in the hallway. so thank you very much for coming. [applause] >> every weekend booktv offers programming focus on nonfiction authors and books. keep watching for more to c-span2 and watch any of our past programs online at booktv.org. ♪ ♪ ♪ >> welcome to boulder, colorado, on booktv. located at the foothills of the rocky mountains. boulder is to see the older county and its most populated city with 100,000 re

the internet in china is fundamentally a political entity so you're betting on jack ma staying in thegraces of the communist party. >> you used the word "bubble" the bond market? >> yes. >> do you not see it silicon valley when you see start-ups, public companies. >> not particularly. the bubbles are psycho social phenomena. unlike the '90s tech bubble, the public's not involved. 30, 40 ipos a year. so, there's a boon going on in silicon vally. the public's not involved. >> talk about a bubble in the bond market, you are talking about the incredibly low rates of borrowing going on amongst all corporates? >> i would say low real interest rates. we have 0% rates, 2% inflation. real rates minus 2%. that's what's really distorted. >> and to the extent that that capital is being deployed by companies we're discussing, is it your belief they're doing a good job in terms of allocation? distorts all things including tech sector. the tech sector is far removed from bond mz corporate bonds, stocks that pay high dividends, housing's probably in something of a bubble again. but tech stocks, i thi

jack ma is off to hollywood to broker deals. what do you think they will do here?when you think about what they represent they are very much about efficient connection between buyer and seller. if you were a seller of content and looking for an audience, i think what they are building there in terms of integration and data they have, i think it does leverage well into other vertic verticals. content is one. and there is a natural connection between content and commerce and we see that here. i think for them it is still early to view that as their bigger opportunity. but if you think about where they stand in terms of building a efficient marketing channel for their sellers and ultimately helping them even manage their supply change it is something you don't see in the west very often. >> you are not alone by the way. even if you are impressed by the numbers and valuation metrics just how big and profit blg this company is. what do you tell an american investor that is spooked by the lack of transparency on regulatory risk and markets in china? >> there is certainly

make jack ma is in love with the casting. who knows. the policy is he's bringing content over to china. it's a window he can exploit. so nbc has been giving -- universal has given good content to comcast. so brian did it right. >> do you own either one of those stocks? >> i own time warner cable. we sold our aol but kept most of the time warner cable. and the arbitrage part of our firm are buying more. >> our guest host again today is mario gavelli. >> let's look at what's going on in the headlines. apple says they're aware of issues with apple pay service that's doubling charges for bank of america charges. they say a fix will be available and they'll be reimbursing any customers. probably only about a thousand transactions took place where they were charging you twice. but that will be fixed. at&t could be under pressure today. quarterly profits missed estimates by a penny. as revenue per phone user fell 8% from a year earlier. and u.s. prosecutors are investigating japanese automaker parts maker takata. the probe centers around wheth

. >> jack ma's on the list. he's older.ided he was going to step down as ceo of alibaba and said that the reason he was doing it was that he couldn't at his age he didn't think he could keep up or understand what the future looks like. >> if you think that china is going to play a role in the future of business, and how could you not think that, then ma needs to be on the list. >> let me ask you about two others. we have finance names on here. we have dan rove on here. is he the next carl icahn? >> he could be. sure. you know, you want to leave open all possibilities. >> most of these names are tech names. that was a finance name. is there any other name you would focus on that we don't think enough about that hasn't had the kind of spotlight and star power on them as these other names? >> everyone on the list is pretty well known. think of shane smith. think of him as a media mogul for the 21st century. the interesting he's one of the founders of vice media. what vice media has done has been to succeed not so much by chang

. >> we still treat ipos like the jack ma ipo we just had, we still treat this like a major event.s from now, do you think that's still the case? >> i think it still will be because think of the ones that we've seen the last few years that were also big events. what we just talked about the last few minutes was going on before the ipo. and all we're trying to do is just organize it a little more. we're not going to be competing with the banks. these are going to be small transactions. with everybody trying to move downstream and the companies wrestling with these issues, we thought there was an opportunity. fwl one of the several things we'll be doing. >> did you close the alibaba deal? >> i was there -- i went to hong kong a couple of times to help win it. i promised the company i would be there for the ipo. other than ringing the bell with my mother in late august, her 90th birthday, i was behind the post for the alibaba ipo with jack and joe and everybody. >> so you're announcing your title at battery east but you suggest there are other things in the portfolio. >> that's nice o

. >> what did you think of jack ma as far as being forrest gump?te on this thing. >> you'll trap me. >> no i'm sincerely interested in your real answer. you don't look at stocks. one argument about the stock market right now is it's inflated with fed liquidity. excess fed liquidity. zero interest rates are underpinning the market right here. when the fed withdraws its stimulus, all stocks fail. i know you enough to say you are not going to comment on the stock market. when you look at your stocks you're interested in, when you look at stock valuations, do you worry there is a bubble out there, that it's all hot air from the federal reserve? >> well, interest rates to valuations are like gravity is, you know, to physical objects, basically. if interest rates are 10%, everything is worth less than if interest rates are worth 1%. everything is a function of interest rates. everything. any financial asset. if interest rates were to be 10%, all our stocks would be worth a lot less, no question about that. so in that sense, went rates as low as they are,

censorship across all platforms, you are going to have boards.ast the presumably alibaba and jack in an a better -- maetter position than anyone else to take a distributor and do whatever they need to do to have that content should be did in china. how big a deal with this before the studios? -- would this be for the studios? such as lions gate? >> there is a long history of hollywood studios, wealthy, high net worth individuals who've done well in other industries investing. there is a big deal that they are huge numbers. $20 billion. also going the other way from u.s. to china. it is easier to get a film distributed in china than it was three years ago, but it is still challenging. it is important to have key relationships if you want to be in china and grow your business, and it is the second largest market in the world. >> online video is a hot growth ofa, and the chinese version youtube has been reaching out to u.s. entertainment companies for help. what kind of progress to receive their -- could we see there? >> it is the same thing. that is a mature market here, and the studios that produce tha

lorena continuamos con mas de los gigantes que s es muy importante iniciar juego pero el enfoque cambia para el segundo partido de hoy.. ad lib with lucrecia vo jackeponsable de buscar darle una ventaja de 2 a 0 en la serie cuando salga a la loma. en esta postemporada peavy logro su primer victoria en la ronda divisional ante los nacionales de washigton. la seguridad y experiencia que este lanzador tiene son dos factores muy importantes. nuevamente el horario de inicio es a las 5:07. lorena en el viejo continente abrio la tercera jornada de la champions league el dia de ayer con una fecha historica donde se anotaron 40 goles en ocho partidos. ad lib with lucrecia vo iniciamos con el partido entre el porto y athletico de bilbao. el conjunto portuges se llev los tres puntos gracias al mexicano hector herrera que abri el marcador al minuto 45 de la primera parte. el equipo espaÑol empat pero ricardo quaresma anoto el del gane al minuto 75. con esto los dragones del porto suman 7 puntos y son lideres del grupo despues de 3 fechas. vo ahora nos vamos al estadio camp nou en espaÑa donde el barcelona recibio al conjunto holandes ajax. tempranito en el par

mÁs le preocupa el destino de ses amados gatos. >> necesito que me ayuden. que adopten un animalito. ven, jackle, tiemble, mojado, o que ya comiÓ ahÍ existe la felicidad para mÍ en ese momento. ♪ ♪ >> bueno, si quiere ayudar que los gatos encuentren un nuevo hogar llame al nÚmero que ve en su pantalla. tenemos mucha mÁs informaciÓn. carmen salinas recibe un tributo y habla de su personaje en mi corazÓn es tuyo, pero una terrible tonitia le puso sabor amargo. sea testigo del talento de un nuevo cantante que uniÓ su voz esto y mucho mÁs aquÍ en primer impacto. ya volvemos. ♪ ♪ ♪ ♪ recibe un merecido homenaje la actriz carmen salinas. >> asÍ es, inÉs moreno la acompaÑÓ, pero verÁn la mala noticia que recibiÓ justo cuando celebraba. empaÑÓ su felicidad en una noche muy especial para ella. vea. (aplausos) >> sumamente emocionada recibiÓ un gran homenaje, agradeciÓ que le reconozcan su trayectoria en el cine. >> tener mi hija, mis hermanos de que estÉn todos ustedes, mis sobrinos, todos ustedes aquÍ conmigo. toda la prensa que tanto quiero. que tanto respeto. (aplausos) >> la acompaÑaron varios lego