will we see more of jack ma? . ., , forgiven? will we see more of jack ma? . . , , , . ~' jack ma?eak what he wants to _ jack ma? can he really speak what he wants to say - jack ma? can he really speak what he wants to say or- jack ma? can he really speak what he wants to say or is i jack ma? can he really speak what he wants to say or is it | what he wants to say or is it jackin what he wants to say or is it jack in a box. he is back but he is talking about education and agriculture. can he really be the public figure he was before? it is doubtful in this current environment but the symbolism of him being back is helpful. symbolism of him being back is helful. , ., ~ . ., ., helpful. duncan clark, chairman and founder— helpful. duncan clark, chairman and founder of _ helpful. duncan clark, chairman and founder of bvh _ helpful. duncan clark, chairman and founder of bvh china. - helpful. duncan clark, chairman| and founder of bvh china. thank you forjoining us on the programme. after a break for winter, a new school year has begun in afghanistan but girls and women are still being

>> well, certainly jack ma would be right if he were saying that. is xi xinping, the chinese ruler saying alibaba has gotten too big, jack ma has got too powerful and what we're going to do is break up alibaba. remember he has gone after jack ma with ant group, because it was too big, too powerful. neil: that's right. >> i think essentially you will see tencent or some other companies also go under this breakup process but you know you're absolutely right, these companies are worth a lot more in pieces than they are together. neil: i have always had a tough time of wrestling with the notion of china trying to put its thumb on commerce. these are the guys who make china an international lure, right? if you police them to the degree, i have no idea whether the breakup will do what jack ma hopes it will do, to your point what the government thinks it will do. he is very successful what he did, what he founded, everything else. there are many like him there, but not too many. i would imagine that the government's hands on role is still a bit oppressive?

he talks about jack ma's absence from the public eye.ink there was general nervousness, the sheer scale of the business that was about to go public. this wasjust the business that was about to go public. this was just before the financial take empire that came out of alibaba, and the last few weeks we have been talking about bank regulation. in china there was nervousness about the sheer power and scale of this bank that he built, even though he didn't call it a bank. there were deep—seated and as well in the population about billionaires on the same stuff we see really well, it was a combination of factors. but it was a very dramatic red light to that ipo and a series of other measures that really hit hard the tech sector. now china needs growth companies to restore the consumer sentiment, and the sense of growth and opportunity. can he really actually speak what he wants to say? i mean, he is back but he is talking about education and agriculture. that is what he has been talk about for the last four years. can he really be the public

jack ma is a smart guy. he is no dummy. jack ma, the ceo is a engineering genius.y so much the government might say. they might say at face value we separated our cord from the bytedance and in the case of tiktok not know that the government might have promised that, isn't delivering that. that is half-full, maybe naive version of these events. any way, very clear to me at least, you're the expert, that china still runs the show? >> china runs the show. remember about all of the censorship that is going on inside of china. china is not a business-friendly economy. i know that they are still trying to make it appear that way but it is not truly a free market. there is all kinds of censorship. you don't have all the social media apps you see in the united states inside of china. you don't have freedom of speech, you don't have freedom of expression. even in the medical field where you want doctors to conduct research and have breaking news about their research that they're conducting all of that gets, that gets quieted is controlled by the government. this is not a p

and jack ma's return and this reorganisation, of alibaba, this could be just another sign that beijingwarm back up to technology businesses. because the government really needs to revive economic growth after the covid restrictions really took a toll on the world's second biggest economy. as you've probably noticed when out on the roads, electric cars are becoming a more common sight. fast forward a few years, millions more of us will most likely be driving them. battery demand is expected to skyrocket. attention will no doubt turn to getting those batteries reused or recycled and that's exactly what's already happening in norway. there, an initial wave of ev batteries are reaching the end of their life. adrienne murray paid a visit for us to frederikstar to see a first of its kind recycling plant. have a look. here in norway, a fifth of all vehicles are now battery—powered. as more drivers switch over to electric vehicles, like this one, the number of batteries that we use is going to soar. the eu hopes to see 30 million of them on european roads by 2030, we will also need huge batter

the author of alibaba, the house that jack ma build. taking his last big step for alibaba. helping to engineer this -- when a mama bird pushes the baby bird out of the nest. >> he has been trying to distance himself of the committee for some time. it really happened dramatically in october 2020. he cannot shake it. this is a sense of -- it's not a coincidence that he was in the mainland. it is a sign of moving on for the government and the company and for him. it is all about unlocking value for the investors. also for employees. kathleen: what are the next steps? ipo's, how is this going to play out, where is the value getting a lot? >> jack's last name means horse. there is an idea that investors want to move on from the sense of looming whatever it was from the government, too big, and this is not in this deal, but the idea that the government has indicated it is ok to move ahead with restructuring. it will incentivize employees. in the history, they have opportunity to cash out over the years. also for the capital markets, it's an ic

we've seen tech giants like alibaba's jack ma, a world global star, effectively disappeared and madestand down from the company. in this kind of climate, when you talk about ownership and regulation and the info -- and the influence that the chinese state has on a company like bytedance, you cannot ignore the fact that at the moment, it's cracking down on tech companies. and if you were to refuse a request, for example, if there were a secretive request to access data or to influence the algorithm, it's more likely than not, based on the evidence we have with other big tech ceos, that you would face serious personal repercussions in china. nastasya: einar, i'm going to let you respond to that. >> well, it's nonsense. if i say to you you don't like your mother-in-law, therefore i'm going to arrest you for murder, i mean, you have to do something. >> where's jack ma? where is he right now? >> jack ma right now is in japan the last i heard, he was studying things he was taken down, because he'd gotten too big. he decided that he wanted to and make policy instead of follow it -- in essen

because jack ma's alibaba empire is to be broken up after beijing's crackdown on china's technology sectorake up comes a day after mr ma, the 58—year—old founder of alibaba, returned to mainland china after several months without an official appearance. his long absence came after he criticised china's regulators in 2020. our asia business correspondent mariko oi is following the story from our asia business hub in singapore. talk us through what is going to happen. alibaba is a $220 billion empire of and called china's amazon including services like cloud computing and entertainment but now they will all be split into six different as niss units, each of them will have their own boss and board units and most importantly they can also raise money by going public separately. it is to comply with increased regulation but also to adapt to more competition, it is the biggest reorganisation in the history of the company and it comes as you said of the use of the regulatory crackdown on the tech sector, the timing of the announcement is very interesting because only on monday we found out the fo

you need a vacation. >> i did spend time there, i used to hang out with jack ma. >> i studied jack. > was not a favorite of the party. by the way, do you remember what he did a number of years ago that completely screwed the ant ipo which would have been the biggest of all time and then they banished him? >> now, you're taking my side. >> i'm trying to work through it in my head. i spent enough time with you it finally happened. >> okay. let me back up and just state something. what an odd coincidence, they're worried about tiktok and 150 people, because they want that information. >> sure, they want our data and our chips. >> who can blame them, they want our credit, our social security. they're worried about tiktok. they need to have the american capitalists and goons on their side which is easy enough because they've got a lot of ipo money, and they need to have land research. because you can't make the chips that can make effective battleships and aircraft carriers in planes if you don't have those. so what do they do? they give us shares of alibaba, and then they mute us, because

(we did it) start today at godaddy.com ed: the newest bloomberg big take, alibaba founder jack ma hasesurfaced in china after months of overseas travel, considering to be the best chance of repairing their reputation with china and beyond. bloomberg opinions alex webb to discuss. we had the china development forum in china, basically a pitch for the economy after lifted the covid zero restrictions. in the same weekend, the poster child for chinese tech returns to the country. it tell us the story. alex: it is a fascinating piece from the colleagues in china. jack ma, founder and chairman of alibaba, forced to step down after criticizing elements of the chinese regulatory regime and what we have seen now is they are trying to bring him back in in terms of promoting chinese interest and saying china is open to his and his, particularly in the tech space and he has resisted those calls, which says a lot about how desperate china is getting to re-boost that tech space which drove a pillar of growth for a number of time and now realize how badly they need it as growth in general slows a bi

you've now seen the return of jack ma and the alibaba expansion.t shows it's just relactsing a little bit. >> i know this is a region and a sector that you know inside out, arjun. you can't just talk about the chinese tech sector without taking into consideration some of the geopolitical issues that have arisen over the last couple of years, be it the u.s. restricting the exports of certain chip technology speaking of what does that do to the outlook of some of the chinese technologies if they don't get access to the producers of the dhip makers and equipment? does that not curtail its ability in terms of being big as they were in the past? >> it comes down to a company-by-company basis alibaba's business is shielded tencent similarly has a very strong china business. but a lot of these companies are investing cloud computing, ai advancements, which require chips. they're designing chips in-house at the moment. >> it takes years to get to the cutting-edge technology that we've seen. >> and importantly china's not manufacturing these chips. these ch

jack ma has been spotted in china. we also saw deutsche bank tumble dramatically on friday.news you normally perceived as a good thing, that they would be buying back debt this market is so fragile and it underscores the fragility of it. do you want to be buying the euro? our guest told us she would not want to be buying the euro. she is not positive the ecb could live up to its hawkish rhetoric. finally, selling coming back to the front end of the curve and remember this thing was at 5% two weeks before this drama started. the front end of the curve making big moves. president putin says russia is preparing to station tactical nuclear weapons neighboring belarus. let's get to bill faries in singapore. why is putin doing this now? bill: it comes at an interesting time. we are coming out of the winter. russia has tried but failed to make much progress on the ground and president putin has said he is calling up 400,000 people to join the military. these are not draftees, but he's trying to hire 400,000 contractors. because the war has not gone that well, as he had hoped, over

its history to residents russia it is known primarily for the marketplace aliexpress, founded by jack maan 20 years ago, the company will create six independent divisions. actually, e-commerce, as well as cloud technologies, digital media and others coincided so that literally on the eve of china , the founder of the company, jack maaa, returned to china , as it was reported, she visited the school he founded at two years ago. he delivered a speech in which he carefully but nevertheless criticized the financial authorities. i didn’t like it and fines rained down on the company and other annoyances since then, alibaba has lost capitalization and is worth 20070% of capitalization and is worth $220 billion. and although it is clear how long jack ma's visit to china was, there are already versions that the businessmen of the chinese authorities allegedly reached some kind of agreement, hence the change in the structure of alibaba on the ancestors of the american fund. the company's shares are now growing by 10% the russian stock market today took a breather after yesterday's strong growth th

decentralizing power of the company coincides with jack ma's return after more than a year. there are going to be six units. the domestic e-commerce platform, the digital media and cloud, the unit seen as a major growth opportunity which current ceo will head up. morgan stanley says this is a big deal catalyst. $530 billion for the whole thing. other signs of a business, we'll call it a term offensive. ceo tim cooke was there meeting on the reopening. and there was a meeting with the ceo. business relationships are affected through things like the chips export ban. you were talking about this in your interview with the tapestry ceo and beijing is hoping it will ramp up even further. >> it's funny. >> after years of looking unfriendly to business this is a 180 by beijing. remember, too, they can take golden shares and have in companies like alibaba and that gives the can't government direct power to do things like veto and other things. absolutely beijing is in control. >> i think it applies to tiktok as well. >> remarkable to see their movement on geo politics, with russia,

the symbolism of jack ma coming back at this time is extraordinary.'t know what it means to divide alibaba into six boutique businesses, pretty big boutiques , by the way, but the symbolism is outstanding because he was hounded out of the country and has been largely floating around the mediterranean on his yacht and suddenly terms up -- turns up this week. i think this is all quite significant in terms of the direction china is wishing to follow. >> yeah, jack ma is back. china is back. >> terrific. >> great to have you with us. coming up next, we will look at what shifts to expect is the boj faces the first changing of the guard in a decade. that is next. this is bloomberg. ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's c

he talks about jack ma's absence from the public eye.ale of the business that was about to go public — remember, this was just a few days before the ipo of ant group, the financial tech empire that came out of alibaba. literally the last few weeks, when we've all talking about bank regulation and all that, so in china, there was nervousness also about the sheer power and scale of this bank that he'd built, even though he didn't call it a bank, but there were deep—seated envy as well in the population about billionaires, the same stuff we see around the world. so it was a combination of factors, but it was a very dramatic red light to that ipo and then a series of other measures that really hit hard the tech sector. now, china needs growth, it needs to restore consumer confidence and entrepreneurs are key also to restoring that sense of growth and opportunity. can he really actually speak what he wants to say. i mean, he is back but he is just talking about education and agriculture, i mean, that is what he's been talking about for the la

in china jack ma is back today founder of alibaba previously a number of western.bloomberg , managed to tell that the businessman flatly refuses to come home, despite the urgent requests of the prc authorities, however. after that, the representative of jack ma was published in a video, as he personally visits the school. in the east of the country , he has not yet made a statement to the press. in barnaul , migrants from dilapidated housing were given the keys to an apartment in a new ten-story building. built in record time. the building permit was issued in june 2022 in the building was put into operation already in january. there are 72 apartments in the building, completely ready for new owners. it remains only to furnish the living space with furniture. it is very good that today between the authorities and our builders between business and business. generally. there is such a mutual understanding of the importance of all social importance, the projects being implemented and it is possible to get good objects and meet deadlines. and most importantly, that peo

let's remember, while they enticed jack ma they're holding bau fun for more than a month.g tech fin financier. he's in detention. they're engaged in an attempt to bring them back in. maria: i wonder what that means for american businesses there, operating on ground. >> with increasing tension between the united states and china causing it, i think companies there are really foolish because one day they're going to wake up and they are going to find themselves ex appropriated which is what china did in 1950 or we're going to find that they will not be able to deliver products to consumers because their ports are going to be closed. this is really short sighted. this is where the president needs to use those powers that he has. maria: yeah. interesting. gordon, great to talk with you as always. thank you, sir. >> thank you, maria. maria: quick break and then another round of severe weather expected to hit the south today after deadly tornadoes and storms ripped through you the region over the weekend. fox weather's robert ray is live from mississippi this morning. we'll have

party plans to get more involved in private businesses, top tech tie, kuhns like ali baba founder jack ma and by does robin lee have been left off the list of delegates instead, the congress is expected to focus on scientific research to boost domestic production of micro chips and the backdrop to the congress is growing tensions between china and the u. s. washington fears that beijing could start to supply russia with weapons in ukraine that speak now to d, w report. clifford coon and who has covered the congress in beijing for many years and is watching a closely for us today. clifford talk to us about the significance of this month. parliament sheeting ping is expected to make some big changes. he is and add these changes. some of them are personnel, some of them are about the structure of the party and they mark the culmination of what has been an incredible power play pretty much over the last decade, during which time he's sol, to position himself right at the center of the party and he's had to go through all these different motions to get all the factions in place, so that now he

we just heard that alibaba's jack ma was spotted in his hometown and a school that can partially fundeling. >> another heavy hitter in the mix. tim cook is there and pfizer ceo. a lot of heavy hitters. amid the summit and reopening of china, what is the sentiment of the business environment in china? >> reporter: well, it is really uncertain. there was a lot of pessimism privately when i was at the forum. people were concerned about what they needed to do in terms of the investment. there is a lot of discussion about china and producing for china or investing for china. i think what was a concern was just a lot of the uncertainty of detention here and what it means for local staff. for example, one topic was a group which is an investigative firm announced it had five chinese staff detained. that was discussed again today. then, of course, you know, perhaps jack ma would calm some of the top level international leaders in that regard now he is back. there is still a lot of concern about this. >> all right. eunice yoon live in beijing with the latest. great reporting. good to see you.

let's not forget this is a week where jack ma surfaced in mainland china after being abroad for well over a year. and also, alibaba and jd.com planning to raise funds in the primary market for the first time in a long time. so all this positive news coming out of china. for me it's kind of baffling, why is this not a story everyone is focusing on? markets are so upset with the negative narrative that it will take a lot for people to really believe in this, even though this 12-year height services pmi number. tom: you talk about the importance of the tech space, it's remarkable how quickly things are evolving. the news around jd.com and potential ipo's, now part of the alibaba group looking to raise funds, maybe list this year. talk to us about the implications for these moves, the broader tech sector in china, what signals about the government's stance now on tech. >> that is the key point. nothing could really be done without the implicit endorsement of beijing. that's what this is signaling to the market, big tech in china, this is the industry that has been in beijing's crosshairs

aliexpress, founded by jack ma more than 20 years ago, will now create six independent divisions, inmmerce. cloud technologies digital media food delivery coincided so that just the day before , the founder of the company jekma himself returned to china, as it was reported , he visited the school he founded more than two years ago. he delivered a speech in which he carefully but still criticized the financial authorities. after that, the company found something to fine 3 billion dollars, and jack ma himself was called in for questioning since then ali baba has lost 70% of its market value, and now it is estimated at 220 billion dollars. and although it is not clear. how long the arrival of the mavka was , there are already versions that the businessmen of the chinese authorities have reached a certain agreement. hence the current changes in the structure of alibaba on the us stock market, the company's shares are now growing on this news by 11%. the russian stock market today did not find clear signals, and therefore, by the end of trading, the indices turned out to be very close to

bloomberg wrote today that the chinese authorities repeatedly asked jack ma to return and show, thusat the government supports the business community, but jack ma remained abroad and answered that he had moved away from business. and in general , he is engaged in the study of agricultural technologies so coincidentally that today is the publication of south china morning. the post said that jekma visited the school he founded in hangzhou, where he discussed artificial intelligence is published even photography has become an event. that's how long ma is going to stay in china is not specified. egor i have all thanks. it's not the same with business news. ntv viewers in the capital are waiting for the release today in moscow we will continue broadcasting for other regions of central russia in russia , a decrease in prices for vegetables has been recorded, according to rosstat, they have fallen in price over the week by an average of four tenths of a percent champions in participation in the fall in prices cucumbers, which really rose sharply in winter changes on the price tags studied

the chinese billionaire and founder of alibaba, jack ma, has been spotted in china after spending months brought. he has kept a low profile after delivering a speech that was critical of china's financial regulators in 2020. his disappearance could -- reappearance could be a sign that beijing is worming to tech giants again. officials in philadelphia say they are now confident that the tap water is safe to drink after more than 8000 gallons of hazardous material spilled into a local river. residents were advised to stock up on bottled water for two days, leading to long lines and empty shelves in local grocery stores. you step is the new leader of the scottish national party. he is the son of pakistani immigrants. he defeated two rivals in a store with which exposed deep divisions within the party. he is the first muslim to lead a major u.k. party. he called the appointment the greatest honor and privilege of his life. america's vice president harris has kicked off her nine-day tour of africa in ghana. she is the ageist senior u.s. government official to visit the continent, as washingto

control over those tech giants, going as far as to detain china's richest man, the man who ran alibaba, jack ma is clear beijing is in control of major tech companies in china. what is not clear is how much information bytedance may have shared with beijing. ben: tiktok has questioned the bans and says it has not been given the opportuny to answer questions. a spokesperson said the ban on tictac on federal devices passed in december without any deliberation. she says unfortunately that approach has served as a blueprint for other governments. she says these bands are little more than political theater. a fellow at the center for strategic and international studies told us about the perceived threat. >> you ask five different politicians want a threat is annual get five different answers. for some of our more hawkish members of congress, the threat is that the chinese communist party is using tiktok as a vessel to spy on americans, spy on government officials, and to potentially target specific critics or target this information to the general population. now, we have not actually seen examples

the founder of the chinese online retailer alibaba, jack ma, has returned to china after more than a china morning post has reported he visited a school he founded in the chinese city of hangzhou. ma left china after criticising the country's regulatory system. alibaba's hong kong—listed shares jumped 4% on the news. parts of the source code which runs the social media platform twitter have been leaked online. the code was posted on github, a website where software developers share code, but it was removed after twitter complained. it's the latest problem to hit twitter since it was bought by multi—billionaire elon musk who has cut staff and other costs dramatically. turkey's recent earthquakes have left the country facing a humanitarian crisis after 117,000 lost their lives. to make matters worse, the country's economy was already struggling, and rebuilding the country is likely to cost billions. one firm trying to help the rebuilding process is turkish real estate firm gyoder who are planning on building 150,000 new residential properties. our business reporter, jagdip cheema, spok

internet entrepreneurs, jack ma, but this year they're switching to hardware, so they're going to chips companies that make stuff, and that really highlights where china's head is at when thinking about where to stand technologically when it comes to this war with the u.s. when it comes to we own a.i. in this country, we have our own systems we have our own technology and will be our own force, particularly when the u.s. is putting up barriers for us. >> from a pr standpoint, we're very pro business or we're not i don't know what plays better to the crowd but you're right, they have to sort of address what we're doing, i would think but i have been surprised a couple of times, so i'm not invested comes from left field. >> julie, are you in china >> i agree with tim. so much of being able to get em right is being able to get currency right, and that goes way over my little bitty brain i think there's plenty of opportunities in the u.s. more so than needing to go into china where the market dynamics are so complex, and you have this invisible hand, actually not is invisible, of government

. -- jack ma, a few years ago. beijing is in control of major tech companies in china.is not clear is how much information bytedance might have shared with beijing. james: around 40 million americans have student loans they have needed to pay back. last year, president biden announced a plan to cancel billions of dollars of worth of this debt. but six republican-controlled states are challenging the biden plan in the supreme court. they argue the president has overstepped his powers. our north america correspondent has been covering the story and is with me in the story -- in the studio. you went to see protesters outside the supreme court. reporter: i pulled an all-nighter and -- they pulled out an all-nighter and camped out. i think they wanted to say, this is who you will be impacting if you strike down the program. they really spelled out how much of a burden having student debt is, and carrying it for decades. you might recall president obama, it was eight years before he was reelected, said that he paid off his student debt. it affects presidents as well. 119-year

chinese billionaire and alibaba group founder jack ma has been spotted in hangzhou after spending monthsriticising china's financial regulators in 2020. mr ma visited a school to discuss technology in education with teachers. prince harry has unexpectedly appeared at the high court in london, as legal proceedings get under way in a privacy case brought by him, and a number of other high profile figures, against a uk newspaper. the group, which includes sir eltonjohn, is suing associated newspapers. the publisher denies the allegations. tom symonds reports. hi, guys, morning. it's only day one of what could be a long, legal battle. no witnesses giving evidence, just procedure. so when prince harry suddenly turned up, it seemed to send a message — he'll be fighting this battle in person. and it wasn'tjust him, eltonjohn arrived next and headed to the plastic seats of court 76 to sit next to his husband, david furnish, and then baroness lawrence, mother of murdered stephen. along with liz hurley, sadie ross and former mp sir simon hughes, they're accusing the publisher of the mail and mail

may be a single by -- at the crackdown in the past two years is done and dusted and i will bring up jack maurned. one can speculate if that is coincidence or plan. -- planned. ed: we are showing the chart of alibaba's position. another -- a number of analysts upgrading price targets but looking at the bond trading high. a lot of interest in alibaba. what happens next? this is happen overnight? -- does this happen overnight? is this something that will be protected. -- protracted? >> investors are in a weight and see mode. but alibaba, they are waiting to see if this affects only -- other countries. there is also tencent and jd so it will be -- alibaba, i don't want to call it a guinea pig. it is the pioneer. it is the first country in china to do this in recent emory so this is a blueprint. -- in recent memory so this is a blueprint. ed: thank you so much. over 1100 ai leaders and experts are urging a halt to training powerful ai systems like chatgpt and its latest form. we will have the story next and elon musk is speaking off. he was one of the signings of the letter and we are taking a l

the name of the show, "good night, oscar" because jack ma are used to sign off saying at the end of "re. it takes place, the whole play takes place in real life, oscar levant cocked a four hour pass from a mental health pure in a game show. for this play we switched it to "the tonight show." it culminates in this unbelievable appearance on "the tonight show." >> sean: he had such -- >> sean: not unlike this one. >> stephen: how long did they give you? >> sean: i'll tell you, a lot longer than this place. >> stephen: he's got great sayings. fantastic. >> sean: my favorite one which is not in the play. he said, "i take prescription pills for the side effects." >> stephen: what he said about debbie reynolds. >> sean: i don't know that one. >> stephen: i have known debbie reynolds since -- >> sean: no, doris day. >> stephen: doris day. >> sean: go ahead, you're the host. i knew doris day before she became a virgin. >> stephen: there is a fine line between genius and sanity. i've erased that line. from his work in "an american in paris." >> sean: as he got older, it's heart-wrenching, funn

baba shares spiked on the news as this represents the most significant reorganization since jack ma foundedt $88. still some room to grow. but can lululemon do theÑi same. expectations are low for the retailers earnings out after th1 bell. scott. >> last chance to weigh in on twitter, who or what is tot( ble for the collapse of 'ík the regulators, the bank w3manageme, the Ñifed, the monetary policy all of the above. head to @cnbcclosingbell on twitter. the results after the break. what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, who

haidi: lulu chen there with our big take on jack ma. really fascinating developments.ts when it comes to cocoa at the moment. 2.27 times over some scrap. we have been watching this $1 billion offer for some entertainment. boosting those shares to an all-time high in this escalating battle for control of the kapok label. we actually saw as some entertainment plunging as that tender offer ended. kakao offering to buy entertainment shares through march 26. we also see weakness when it comes to kakao, 1.8% lower. two point 27 times oversubscribed as we continue to watch. we are also watching for what other potential targets for acquisition there are after dropping that bid to acquire sm entertainment after that offer from kakao. kathleen: the enemy's electric carmaker vin fact is planning to ship its second batched of ev's to north america. the company will send 900 long-range suvs to both california and canada. they are considering an ipo in the u.s. as soon as the second quarter of this year. latest filings showed it lost $2.1 billion last year. standard charter has agre

jack ma reappeared this week, and alibaba and jd tapping the primary market looking to get funding. it's been a good week for news out of china. whether the world will start to pay attention, let's see. there may be a domestic bias in europe when everything in the banking sector is distracting you, but there's a very positive momentum story out of china certainly. dani: i'm with you. we in europe need to be paying more attention, so thank you for helping us do that. looking ahead to send u.s. eco-data, pce core inflation is expected to decelerate to 2.4% in february, and we will get inflation figures in europe grade we have the ecb's governor speaking at the moment saying continue to rate increases will be needed on inflation. some very clear words. we also heard from fed speakers yesterday. all of this was bring in dan moss. we know pce is the fed's favorite target, and it is still way above target and is likely to remain so after tonight's numbers. why does the market pricing in cuts? >> people have been talking for some months now about be approaching fed pause. depending on your

the data, particularly important the data held by one large conglomerate that's what happened to jack ma, right? he was so powerful that he was able to say things about the chinese banking sector that beijing really didn't like and that was the moment where they said, hold on a second, these companies, these ceos, these billionaires are too powerful, we need to knock them down a notch. >> so is there a sense that it is the hand of government of the ccp that is driving this in part >> absolutely from people that i talk to on the ground. the companies aren't going to tell you that. they're going to say they're unlocking value. but you have to remember that beijing has a hand in everything something we forget about, they also have a thing called golden shares it's a very small part of these private companies that they take shares in and it gives them outsized power and even veto power. so if you're asking me, and i lived in china for a long time, beijing always has a hand in these things. >> deirdre bosa, thank you. >>> netflix, it is continuing from a gross disruptor to a profitable operat

. >> i don't know how you can double down in chinese stocks when jack ma disappears.k is telling us, he can't get his money out. >> i have heard of hedge funds trying to make a trade of it because the china reopening thing but i mentioned elon musk earlier in the show who is now investing $5 billion into building a mexican factory probably to hedge bets in xangi. maria: they don't like that. >> india number 1 because you have a billion people, they can do the same thing that the chinese do. they can do the same kind of manufacturing and so forth. i'm now in brazil. brazil you have 250 plus million people, very good people, open society, hey, not why come here. another alternative. maria: good point. mark, what about the united states, tell us how you feel about the macro story right now. do you want to lessen exposure to the u.s.? we are all told that the interest rate hikes, the string of interest rate hikes, it habit been 12 months yet, but it's supposed to take a year to actually have the impact. there's a lag there, do you think things get worse as a result of thi

i heard a report this morning that jack ma has been seen.time in china in more than a year. stuart: he is the founder. lauren: he is the founder of alibaba. he resurfaced at a school he founded where alibaba is headquartered in china. so why is the stock down 1%? i would think does that mean china is welcoming private business once again? there are some industrial numbers out of china down about 22, 23% in the past month. so they're hurting as they try to reopen from covid get back on track when it comes to the supply chain but chinese stocks are down today. alibaba is one of them. stuart: thanks, lauren. president biden, vice president harris, members of his cabinet and first lady they are about to head on a tour. they're trying to convince america biden is on the right road economically, 20 states three weeks. peter doocy at the white house. i think this might be a tough sell on the economy, peter, what say you? >> reporter: they're working on it, stu, we're piecing together how this will work. initially got a press release on friday, inve

and it is not a coincidence, the fact that jack ma appeared in china for the first time, in mainland the first time a few days after the restructuring being announced. we already believe we are into the phase of implementing the regulatory blitzkrieg we had in 2021 and we are definitely seeing that happening and the government be more focused on growth rather than regulations. >> are you worried on the backdrop right now of the banking turmoil that we have seen in the u.s. and europe, we are seeing more calm right now, but how long will it last until em banks get hit as will? >> -- as well? >> we do think that the em banks we are focusing on do not have any exposure to the u.s. regional banking crisis. the emerging banks that we look at, the ratio is 50%. just as a comparison, silicon valley bank had approximately 10%. so we don't think that the emerging-market banks that we are looking at -- not only do they not have a direct exposure to u.s. regional banks, but also their shareholder base and investment portfolio's less risky than some of the regional banks that are in trouble now.

i want your perspective on the government, xi jinping and jack ma. f the new alibaba? stephen: yes and no. he is the cofounder and i loved the story about meeting him. i have met him many times and he always talked, a bit of a chest puffed out about regulation and how he had to stay ahead of regulators. obviously regulators caught up with him in october or thereabouts of 2020, discovering the multi-universe ipo for ant financial. the company has been obliterated. it has been sidelined, but alibaba has gone from an $800 billion valuated company down to 200 $20 billion. they are going to not break up, but be reshuffled. is this a government order? we don't know. will it unlock more value than the pre-breakup? pre-ant breakup? a lot of questions. lisa: there is an underlying feature, government intervention and businesses that used to be the darling. steve jobs -- he used to be steve jobs, but more so. he would get these rockstar events. what does this say in terms of the climate and how quickly it is changing in modern china? stephen: the government is

it is interesting this happened a few days after jack ma reappeared.just monday he reappeared. ed: the other interesting thing is well, six new business units means six new potential ipos, right? guest: yes, i will not assume they will do their debut in hong kong. ipo's all over the world have been lackluster. my friends in the capital markets group do not do anything, they say this may revive that. also it is up to them and how they plan to raise money. ipo's is one of those. ed: thank you so much that does it for this edition of "bloomberg technology," so much more to come this week across the technology sector. this is bloomberg. ♪ >> weare live from bloomberg's world headquarters in matt -- downtown manhattan. >> welcome to "bloomberg crypto ." a look at the people, transactions and technology shaping the world of decentralized finance. as u.s. lawmakers assess the regulatory response, regulators make the formal -- forceful you -- move yet to crackdown on a crypto exchange. >> he shoots back on the

he took unprecedented term of the ccp he lockdown policies going after business leaders like jack ma. vulnerable f this is the moment we can actually use to pull the rug out economically we can defeat them economically such that we will never have to militarily. i think what will be much more costly, a long run military struggle with china. i don't we ever have to get there if we're smart leading way chickly. stop exploitation of our companies is the first step. stuart: you were at cpac. we took a bite from it. donald trump dominated. cpac straw poll. he got 62%. ron desantis got 20%. in your opinion, you're not on the list. >> i declared about 10 days ago. stuart: now, vivek, is this trump's cpac yes? is this trump's gop? >> i think that the america first agenda, the people behind america first are really committed to putting america first, not trump first, not vivek but america first. i gave a speech. got five standing ovations in middle of a speech. little secret i learned. i'm new as a out sighter. as an outsider you see how corrupt the system is. you know what is funny? i attende

this coincides with the return of the billionaire co-founder jack ma to china after several months ofappeared by the communist party. we're just getting started. coming up, explosive allegations that the irs visited journalist matt taibbi's home on the same day he testified on the twitter files and exposed the censorship. we're following this all morning long this morning. wait until you hear what went down. traditional values disappearing in america, morale keeps slipping as a poll shows we're full back from the foundations that defined a country. it makes a buzz this morning. don't miss it. you're watching "mornings with maria" live on fox business. ♪ why, why you always kick me when i'm high. ♪ knock me down till we see eye to eye. ♪ maria: welcome back. house judiciary committee chairman jim jordan writing an explosive letter to the irs, demanding answers on why agents conducted an unannounced home visit to independent journalist matt taibbi on the same day he was testifying before the select subcommittee on the weaponization a of government. he was exposing the censorship. jordan

fundamentally changed by breaking them up china has diminished their influence, fixed idea ceos like jack maoo powerful by breaking up alibaba, he is seen as neutralized and investors can't forget beijing has taken the so-called golden shares unclaire what happens if we see more spinoff. they do give outsized power to influence or even to veto some decisions. while the crackdown on china's own tech giants may be easing, micron today could be an indication that attention is now shifting to american companies, that we're finally seeing some of that retaliation. >> absolutely. deirdre, i was going to ask why, why they're doing this is it for some strategic reason or, as you say, a power move by the chinese regulators to take away the power of some of these huge conglomerates >> why, simply because it can. there have always been questions what could the chinese government go after, especially talking about the huawei debacle, would they go after something as big as an ample you can't go after an apple because the chinese love their iphones. that would be far too disruptive a micron, it's not a h

jack ma has also resurfaced in the mainland after spending more than a year awayw3 andó[■ larget of publice covering thep,■ summit where cook appeared. shet( joins us now alongside brn sullivan who has detailsé@hjz a china with saudi aramco. eunice,v tñ ájájjt wants, kelly, ceos to make sure that they hear an opencw3 china. the president -- president xi jinping's chiefñr of staff read letter at theçó forumñrok that from his bossÑi in anÑi effort try to reassure the audience that china really qgqj welcome international business. inxd public, the boxes of apple r(t&háhp &hc% well as otherse1 hadxd to expre their support for china's in fact, tim cook had said at co one of the side sessions thatw3 apple and chinae1 have had a albert told me that the drug healthy 2030 initiative and would contribute as much as it could. the forum, though, couldn't escape thexd worries about the souring ÷du.s.-china relationsh. not only were many fewer u.s. ceos here for the forum this year, butw3 also the mood at th forum was very pessimistic. k;ly? >> many fewer ceos, so the fact that tim cook shoenlp up was e

jack ma used to be the head of the alabama group and financial and —— ali baba.overnment could make lots of questions here.— government could make lots of questions here. there are indeed. good to talk _ questions here. there are indeed. good to talk to _ questions here. there are indeed. good to talk to you. _ questions here. there are indeed. good to talk to you. thank - you very much. stay with us on outside source — still to come. we'll be taking a look at prince harry's unexpected court appearance today — as legal proceedings begin in a privacy case. another school year started this weekend in afghanistan but teenage girls were forced to stay at home. the taliban government has barred girls and women from secondary schools and university in afghanistan, the only government in the world to do so. chanting. as a new school year begins afghan women out on the streets again. risking violence and detention, they are marching for teenage girls who have been denied this, the most basic of human rights, going to school, meeting friends, getting an education. look wh

we were talking about this before the segment here on set, look at what happened to jack ma and jimmy shows and say they think china is a great opportunity, i think the question has to be asked is that really worth it and i think mark mobius' comment is resonating, we found in the last week since he was on the program talking about that. jonathan ward, thank you very much. it was good to see you. >> thank you. cheryl: all right. coming up, even the king of directing, steven spielberg has trepidations about artificial intelligence. his comments making a buzz this morning. you're watching "mornings with maria" live on fox business. ♪ it's fun to stay at the ymca. ♪ it's fun to stay at the ymca. ♪ they have everything for your men to enjoy. ♪ you can hang out with all the boys. ♪ it's fun to stay at the ymca a. ♪ i'm a vegas hotel. i don't want anything too serious either. just a fun, spontaneous thing. some people say i'm excessive, but who cares - i'm just looking for a saturday to remember and a sunday by the pool. life's kinda unpredictable. like when your groceries arrive the moment

wiped $600 billion off the market cap of this company and it's with some irony, some coincidence jack maed from his "weekend at bernie's" and there he is. i get the message. i feel like i remember the night sitting on the desk when the ipo was scrapped and that was the peak and that was at $293 on the stock so i get it and i know we'll have an interesting conversation on spin-offs but i think there's no question there's always been a lot of parts. this is great news to me. a wait and see moment. for china to suddenly say when you consider where we are on the geopolitics of megatech to say come do it. >> the argument is they are under the gun on tiktok and under the gun on chip restrictions and this is one way to push back, right? say, we're here and developing a business-friendly environment. >> i guess, i'm not really sure. how is this going to work out? how do they do it? split them all at one time, do it individually? i don't know. how do they -- i'm confused actually, but i do think you have to think, all right, this is a -- tensions were running lie there, of course, that took us by

what if the chinese, and his party were to do to tiktok what they did to jack ma or other leaders inna? i think those are legitimate concerns. that is not hysteria. i've said we need to be tough on tre but alsotill have dialogue. but it seems to me an unnecessary risk to have the ccp control anyway over bytedance and tiktok. amy: you recently traveled to taiwan where he met with the taiwanese president. how concerned are you that these congressional visits could further escalate tension between the united states and china and also the united states pledging hundreds of millions of dollars of weapons to taiwan at the same time president biden is drawing a line in the sand when it comes to china militarily supporting russia in the ukraine war? >> it depends on what members of congress they when they go to taiwan. i was struck the president of taiwan and the canteen, which is more sympathetic to chinese and the tpp, all had converged on civil policy and that is they wanted taiwan to be prepared for its defense. the taiwane whatt a with defense from the united states. the same time they