gerri: jo ling, it is interesting. it is astounding. it is very big. we'll bring in our panel of experts. don't go anywhere, jo. jonathan hoenig is founder of capitalist pig hedge fund. kyle herrington is the founder of herrington capital management. welcome to you all. this is great timing for us. it prices at $68. i want to know your reaction. jonathan, you first? >> it's a very rich valuation for a big company, gerri but at least one here in the united states is not very well-known. 80% of u.s. investors have no knowledge of alibaba and as jo talked about this is company with very suspect corporate structure. although the price something very rich. i have to wonder if at love american investors might want to stay away at least at first. gerri: the corporate structure, you're not buying shares of the company. you're buying shares of a cayman island holding company. very confusing for investors. jo ling, tell us why that is. why are people not getting the traditional shares? >> well you can't really buy shares of a chinese company under china news law.

jo ling kent.tman usually fights crime alone but this weekend in one city he was joined by hundreds of friend to set a world record. details and video coming up. cheryl: the video is good. what do you do when you stick a new iphone 6 in a microwave and melt it? that art. david: that is art? cheryl: masterpiece, phone matter piece. ♪ "hello. you can go ahead and put your bag right here." "have a nice flight." ♪ music plays ♪ music plays traveling can feel like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the fewest cancellations and the most on-time flights are nothing if we can't get your things there, too. it's no wonder more people choose delta than any other airline. david: time to go "off the desk." one art test attempting to capitalize on the iphone 6 in unique way and lack of taste in the art world, melting the new iphone and selling it as collector's piece. kennyey irwin, bought a iphone 6 for $400 and threw it in the

liz: jo ling with the news. larry ellison, or not to be on the day-to-day part of the company running it. let's get back to dan stesich on floor of the cme here. what part of the market, whether it was treasurys, transports once again moving higher, had such a great day yesterday? did you look at say, there is the story of the day as subsector going on for all of the news front? >> i looked at the market overall today. i really didn't pay attention to specific sectors because it seems like a rising tide lifts all boats. that is what happened here. just the, joy of the fed keeping considerable time in their statement has helped this market over couple days. i don't know how much longer they will last. they will need the economy to dictate this thing higher. david: jamie, scotland is still in the news. we still don't know how they voted. the no vote was catching a little bit of fire. so they may stay a part of the united kingdom. what happens if scotland votes yes to independence? >> oh gosh, there will be all kin

cheryl: jo ling, thanks for sticking around tonight and joining me. >> always.ryl: great stuff with you. here is a question for all of you, does alibaba have a place in your portfolio? do you want it? do you buy the stock right now? we have advice from gary k., gary kaltbaum. i like to call him gary k. hey, gary, you like it, you hate it, give me the juice? what do you say? >> i think it will trade around here for a while. i don't think you will have a great edge here. let me give you a couple of numbers every investor should think about. it has 8 billion in sales with a $230 billion market cap. there is another company that has $240 billion market cap named walmart that has 480 billion in sales. so you got to talk about valuation here in the long run. something to watch closely. cheryl: all right. so valuation in the long run. also a lot of questions came out, gary k., about the fact, jo ling just said it. they're based in the caymans. revenue goes back to china and you have got the chinese government. i heard questions today about do we open you are our u.s. m

fox news correspondent jo ling kent has the latest on that. >> reporter: sandra, the most anticipatedear is priced at $68 per share which means the three raced $21 billion. the demand from investors was just massive. the question for many is how the stock will do in the long term. although alibaba dominates the chinese e-commerce market, critics question the structure of the deal for public investors. alibaba does almost all of its business in china but is registered in the cayman islands as it prepares to it trade on the new york stock exchange tomorrow. at the same time it is impossible to ignore the sheer numbers. revenue of just 46 percent last quarter and now revenue that is 25% higher than amazon and ebay combined. if you look at the broader market, sandra, ipos in the u.s. have raised $47 billion so far this year. if you add alibaba to that makes, 2014 will easily be the biggest year since the dot com era that ended with the bubble bursting in 2000. sandra: thank you. and be sure to follow the coverage by jo ling kent on the record breaking alibaba ipo all day tomorrow getting

neil: jo ling, thank you very much.she will be all over this mega ipo all day tomorrow on fox business. i don't think i ran across anyone who is so immersed in this and all the principles. so you got to catch her coverage. it is second to none. ipo no. investors are bracing for a big start for alibaba, they look at twitter, other tech ipos and beginning to say is alibaba going to suffer the same thing or come out the gate like facebook, tumble badly, maybe claw its way back but it will be quite a clawing back. who knows better than priceline chairman jeff hoffman. grow your business and get your life back. jeff, the bottom line is priceline got in before the tech bubble, and you were sort of prebubbleicious, but now we have the bubble, right? that's the concern, alibaba is going repeat the whole bubble thing. what do you think? >> interesting, and we definitely got in before the bubble. euphoria sometimes replaced rational thought. neil: you had a good business model going in, look at this and saying i don't know. >> no

melissa: jo ling, thank you. they forgot about doctor.hat blew my mind. >> think forgot about dre, ipads. a lot of things. melissa: interesting. thanks so much, jo. >>> real life "elevator pitch." we're live in the california at start heart of startup country. look at greylock and companies they nutured. you're not, living on technical pus. extreme the google employees going to save a quick buck. do you apparently have too much money? apparently not. ♪. patented sonic technology with up to 27% more brush movements get healthier gums in two weeks guaranteed. philips sonicare discover the brush that's perfect for you. (agent) i'll walk you guys through every step. there are a lot of buyers for a house like yours. (husband) that's good to know. there was no question she reminds you every day. but your erectile dysfunction-that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment is right. you can be more confident in your ability to be ready. and the same cialis is also the only daily ed tablet approv

. >> jo ling kent, thank you so much. >> absolutely, we'll be at the new york stock exchange for it.coverage of this historic ipo with guests, analysis and terrific reporting from jo ling kent and others. very good. there is a reality show for pretty much everything out there, now budding marijuana entrepreneurs in denver are getting their chance to audition for a web based show called the marijuana show, aptly enough, which let's people pitch their pot business ideas to a group of investors. show's creators describe project as a shark tank meets "the apprentice." it's expected to start airing online in november. winners get investments, who will be the next lucky pot entrepreneur to tap into the legal industry expected to grow to 2.6 billion dollars this year? you have to watch to find out. >> also off the desk. which country has the most positive upbeat people. a new poll shows panama ranks first among 135 countries on a ranking of subjectful well-being. a lot of expats move to panama. but how they feel about their lives. the u.s. comes in twelfth. countries in the americans and no

i want to bring in right now jo ling kent. she's standing by live outside of the apple event. if you can hear me, it's cheryl casone, you are on camera, hello. we've also got lauren simonetti here in new york at the apple store, she's on fifth avenue right here in manhattan, a lot of the apple faithful have been out there all night. and we've also got equity analyst brian calella covering every breath, every move tim cook makes. i can't wait to the see what he's going to tell me about today. let's begin with jo standing by in tuber tee know. -- cupertino. of course, correct me if i'm wrong, the watch seems to be the biggest splash so far, that and the camera on the iphone. >> yeah, that is absolutely correct. the i watch is what they were expected to deliver, and tim cook did. he said it's their most personal device ever. and be as you mentioned in the top of the show, it includes a lot of interesting features. but what is really key here for the apple watch to succeed -- which, by the way, it costs $349, and it will be released in early 2015 -- the key to its success is how it

jo ling kent all over the alibaba ipo the entire day. at the barclay's post where it opened on the new york stock exchange. joining us from the exchange, teddy weisberg at the cme in chicago, we have chris robinson and chris gersh. a very frank and enlightening conversation with alibaba founder and exec chair jack ma as well as how it's trading right now? >> up 34%, liz, doing very well off of the listing price, of $68. a lucky number for alibaba. take a look at chart we put together for you. we want to show you the initial spike. you see it level off and you see equilibrium of sorts. we're wondering how it's going close, will it break one way or the other as the closing bell approaches. we'll watch that for you as well. i want to bring to you my interview with co-founder and executive chairman jack ma. i asked what is he going to do with all the money they've raised? do they have plans to invest in the verticals or expand elsewhere. this is what he said. >> i would not say vertical. we have a lot of things we're buying and doing things

jo ling connect got it. as you can see it revealed very few details. very clean picture there.r months of speculation and rumors, apple's big day is finally around the corner. what should you expect and will the new products boost the tech giant's stock. the stock is down slightly today. we have a avalon partners research analyst. john, we know right off the bat iphone 6 will be on here but what about the one product you have to see before you say you will dive into this stock right now? >> mobile payments. it is about usage with the iphone and new apple products. the more we use it more we'll be addicted to the device. the more we drive recurring revenues and mowing expansion. liz: i can't believe you didn't say wearables. i was thinking people have too see an i-time or iwatch, whatever it will be called, some type of wearable before they say, now that is revolutionary versus evolutionary. you say mobile payments will be what gets people juiced by this? >> if you think about it, don't have to carry credit card or some form of payment and already eliminated somewhere, with your

jo ling kent is live. she has details on smart watch that just came out. jo, give it to us. >> melissa, tim cook is calling it apple watch. behind me out here, there is a continuing noise inside. they're getting ready to go and come out. it was rap sure just applause. -- rapture just applause. it was what steve job loves to do. one more thing and tim cook revealed an iwatch that is sort of curved, a square. it appears to be coming in multiple models. it is called next chapter in apple history according to tim cook. we're also seeing multiple new photos of this. we love to show it to you. it is called the apple watch. not the watch. it looks like it comes in a variety of different band and things like that. we're going through this right now as you can see. i'm scrolling through and listening to the feed right now. we'll send it back to you. more detail in just a minute. melissa: leave the pictures up. turn to my panel. author of creative capital, spencer ante and fox business's david asman and portfolio manage chris very says. i am a buyer. i don't have a i

well fbn's jo ling kent why you should care about alibaba, lining up interviews with all the principals've got this guy, yes, you know him. a fox business alert. [ laughter ] >> no goatee. neil: charlie gasparino is here, sans goatee. before we get to the news of the moment, why did you shave it off? >> my wife let me see slash last night, the ex-guitar player for guns n' roses. marriage is about giving and taking. >> such sage advice. neil: i'm not getting rid of it, i'm not getting rid of it. >> you are engaged. >> i'm engaged. >> should i be taking notes? >> all about compromise with the significant other. neil: it's shaving. >> charlie gasparino marriage counselor! >> he took a lot of grief because people thought he looked french. >> as you get older, you will understand what i'm talking about. neil: here we are with alibaba. have you all the principals, the head of it, former teacher, right? >> yeah. neil: big, big money almost too anticipated. are they worried about it? >> seems they are approaching it in a very measured approach. the shares were repriced, up and arranged from 66

fox business' jo ling kent live in midtown manhattan at the waldorf-astoria getting the inside detailsow the company's presentation to potential investors is being received. are they getting people excited? >> they are getting a lot of asset managers and investors very excited. in fact, the quest to raise $21 billion happened right here behind me on the 18th floor, and i want you to see the great video we just got for you. jack ma, the founder and chairman of alibaba, leaving in the meeting just minutes ago a very, very happy man. mobbed by the media. this is a very rich man in china, a celebrity globally, and he left -- and he actually had an incredible theme for this meeting. and here's what it was, it was all about orange. it's orange perspective, the filing statement that they handed out to investors, orange lights, orange presentations. and be what was inside the presentation that potential investors need to know was just fascinating. you can see here we have three major themes. he's all about developing government relationships, he's about cultivating cross-border penetration, ge

i want to bring in jo ling kent, who spoke to alibaba jack ma founder today. jo. >> i want to touch on retail point. td ameritrade got preorders for alibaba than facebook. that is something to consider. yes, i have did get a chance to talk with the cofounder and executive chairman of alibaba jack ma this morning. he was obviously in very high spirits but i grilled him about the role of the government, about their structure. the fact that they're registered in the cayman islands. i asked him why investors should or should not be worried here in the u.s. this is what he had to say. >> i think the concerning i understand. when you read so many newspaper reporters about what is happening in china, definitely. but if you really work there, if you stay there, live there and finding out that is nothing too bad. i think a lot of these people worry about, we understand. we will prove it. >> that was really the theme here, melissa. it was about trust and alibaba, jack ma and their ceo and cfo, all down the line, trying to prove their trust. he kept on citing the fact tha

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fox business' jo ling kent, she's been tracking this alibaba debut minute to minute to minute, and sheith the e-commerce giant ceo jack ma early this morning about the company's debut and his thoughts on american companies. here's what he had to say. >> well, i think a lot of american companies, i admire. they change history, they reshape the world. >> which one? >> microsoft, ge, ibm and google, i think -- even facebook and amazon, ebay. there's so many innovations. charles: all right, here's a guy who said he was motivated, inspired by what's the movie -- >> forest gump. charles: forest gump. he named his company after a mythical fairy tale, but he duds want to take -- does want to take down walmart. what's your impression of jack ma? >> you know, i like the fact that he has aspirations that are very high. is he going to take down walmart? no. 88% of americans don't know what alibaba is, so it's going to be tough to come into this country and take over the largest employer in the country. charles: i'm thinking of you, tamara, because he says first comes the customer, then comes the w

jo ling kent joins us.ion from the street but with the stock it was thumbs up. >> you're both right. analysts are digesting the split. some like it much more than others. the key question, does epay have a bright future without the fast growing paypal arm? can that core is downgrading ebay from a hold to a hold from a buy. they believe the operating environment for ebay remains challenging. we see limited stock upside in the near term. flip over to rbc. they are loving the split and the spin off unlocks value. we agree with the share price reaction and would expect further appreciation. other ratings agencies weighed in. moody's put ebay on the move for multinotch downgrade. it will be a smaller company next year. they're concerned about a weaker credit profile. s&p placed a a corporate credit rating on ebay with potential negative implications. so investors they loved it. it was crystal clear for them. the stock was up 7 1/2% today. liz? liz: good stuff. thank you, jo. david: thank you, jo. liz: country su

jo ling kent's been following it, of course, from the very beginning, had a great interview with jack ma on friday. but what does this mean? >> essentially, it's the bankers buying additional stock from some of the big investors to help meet the major demand that they have early on on ipo day or ipo day plus one. we saw that happen on friday in the new filing. according to reuters, they've actually exercised it which puts it officially to that biggest ipo ever. cheryl: okay. so why do we care about this at the end of the day? there's been so much speculation and, of course, discussion -- and we'll talk about it on the show -- the fact of maybe the fed printing money helped a company lime alibaba go public, all the money's going back to china. what is the reaction you've heard about the ipo? >> no tout about it, it's been a very pot positive, high-demand situation across the board. talking to retail investors, td ameritrade reported last week the demand in the premarket was three times the size of twitter, so it was pretty big. but what's really interesting is that you see the stock do

the person who has more information on this just about anybody is jo ling kent.ls? >> well this is official, dave and liz. the range has been raised for the alibaba ipo per share instead of 60 to $66. the demand has been so heavy they're raising it 66 to $68 a share according to new sec filing. now they say that they are not going to make any changes to the number of shares offered according to that filing and this comes amid jack ma, the founder and all the executives, they wrapped up a day in hong kong on the road show. they're heading to singapore the next. they're generating a lot of interest. they're planning to close books for american investors. that is several days ahead of schedule. we will be at the new york stock exchange with the founder, jack ma, interviewing him on ipo morning. but this is a big change. good news for alibaba, especially with some of those tech stocks down today as they assess the market for what is to come. david: scare a my think -- scaramucci said it may go up to 70. >> maybe. liz: researchers at mit unveiled that thing, a robot t

jo ling kent at the roadshow. how do they compare? >> they are very enthusiastic. off some. a lot of the investors will receive ipads. there are a lot of questions. how does this company stack up. amazon, ebay, paypal, all of those companies rolled into one. check out their revenue. then we would also like to show you some of the cooperating ones as well. $1.1 billion as well. a major difference on profit for ali baba versus amazon. we are also looking at the market cap. a company that is public much, much longer. the investors are filing in right now. stuart: make them juicy. stocks still pretty close to all-time highs. look at this. harvard says it knows why the business climate in the u.s. is good for companies, but not workers. good for companies, that for workers. the price of gold significantly lower earlier. all yield, real close to $90 a barrel. 92.34 right now. the yield is still flat. i would say that is pretty flat compared to last week. then there is twitter. you can buy directly. >> this is bringing stocks back to levels we have not seen since spring.

jo ling kent spoke with -- earlier on the show. >> that is not your money.say it is not your

jo ling kent is here. was amazon ignored because here comes ali baba?try. amazon is constantly reorganizing and upping its product. the stock was up. most technology companies that create product actually put out lots of different products. stuart: they develop the hands-on technology very well. >> they do learn from their mistakes. stuart: i am a kindle guide. >> i use that app. stuart: what is this about a new ipad? >> there are reports. in the second half of that over, we may get a new ipad. perhaps a new ipad mini. these are not confirmed reports. stuart: the stock is up. stuart: apple has been doing very well over the last month or so. stuart: new studies show artificial sweeteners can set the stage for diabetes. it could mean a lot of people at risk. doctor marc siegel is here. let's talk about which of these sweeteners we are talking about. we know what we are talking about here. aspartame. >> they are called high intensity sweeteners. stuart: this is in diet soda? >> this is a big business. i have to tell you, this study, this study was looking

jo ling kent working on this story for months and months and months. with the co-founder, jack ma. so, jo, who are the winners and losers besides jack ma? >> well, big winner, obviously. some people

jo ling kent and laurence simon at eight will weigh in on this.law and order. >> just the nature of the cycle. they are dropping things like a league of their own and law and order sbu. this is a really long list. stuart: law and order. >> major league. hunger games. that is what it is all about. they released orange is orange is the new black all at once. no impact on netflix is doing just fine. you are still binge every weekend. more millennial women now say they would only get married if their partner had a steady job. 82% of men have a city job. that was in 2012. it was 93% in 1960. we have assembled a panel of our own to weigh in on this topic. charlie, to you first. women want a guy who has a steady job. there is not enough work. what say you, charlie kirk? when you look at a marriage when it pertains to people that are 20-dirty, i think we also need to take into effect that more junk people are living together. women, young women are saying, well i may be able to find a really good looking guy, but he needs a job. stuart: is this a part, th