kara swisher of recode is still with us. but but also want to bring in dan rosensweig.f course he inked that 1 billion dollar deal tween yahoo and alibaba. >> it's pretty remarkable it was almost nine years to the day where yahoo signed the deal. and to think how far the internet has come and global internet and jack ma and joe and the team have been able to accomplish is pretty extraordinary. i don't think anybody would have imagined it be this big ever, let alone this quickly. >> dan, it strikes me that jack ma is now the biggest business figure in china possibly ever. and we've got all this uncertainty about how exactly china is going to interact on the global stage, when it comes to tech, when it comes to business. how important is jack ma do you think? and how much control he's able to exercise over the company and his interactions with the chinese government and his credibility when he says hey trust me that this is going to be a good investment for the public around the world. >> like kara who i was listening to. i agree when he says it he means it. he's a man in

kara swisher you tweeted you're getting hungry so we're going to let you go. but before you go, how is recode's coverage. what are you going to focus on. >> again focuses on forward. what they are going to buy. the transparence in china whether they can resist government intervention and the silicon valley situation. we've got google, ada amazon, a kinds of companies. and marissa meyer has some money. but there should be some m and a this fall and that's something i'm really focused on. >> kara swisher, thank you so much. john has joined us now onset. co-founder of option monster. you said you were looking for an allocation. >> we got some. >> you did. >> we got some on the wealth management side. it was about a quarter of what we expected and just real quick if i can do the math, morgan substanti stanley got about 2 million allocations. they have over 2 pntd 2 million accounts that's less than one share per account. obviously not everybody is weighted equally. we understand there. but there was just not enough of this. basically buying at the market orders. y

i mean, i don't think that eddie was the senior vice president who made that comment to me and kara swisher on stage. i don't think he meant this pipeline is better than everything together we've done over the last 25 years but in terms of what they announced on one day, it's hard to top the iphone. it's hard to top the imac. it's hard to top the ipad. but i think -- i think that if they execute this right, if they could, you know, become the first company that really does these watches right and god knows all the opportunities there and to change things up in the way people live and the payment thing as well. i don't think you can only look at it as a revenue or profit point of view like we just heard but from a point of view how does it change people's lives and how does it make people want to buy apple products which is, after all, what they're really after. so, yeah, i think if they execute well this could be something we look back on as a huge day. but i think at the very least this is the tim cook apple now and that's what we saw yesterday. >> walt, what do you say to people who are s

. >>> waiting for kara swishers profile in "vanity fair." >> right. >>> we want to also check on thearkets on this first trading day of september. we did get positive data this morning. the best read on ism manufactures data, pushing into the green slightly. dow up by 5.5 points. nasdaq 1. all eyes on the ecb later in the week to see if we get news of quantitative easing. talked a lot about apple at the top of the show despite that bad news, shares of apple still in the green this morning. stock trading at rits highest level since september 1980. another all-time high. currently 103.60. and sector perform at rbc. a name we haven't talked about in a while sitting just below the $7 markup 2.5%. saying it upgraded the company following a drop in shares to what it considers a more reasonable value able. and oil and gold down almost 2%. exact reason isn't clear because we don't have news, of course, on some of those safe haven plays we see the markets go up to where they are, carl. you often see a read in crude like you have there and gold. >>> and the major hack of the icloud, we told yo

kara swisher is here to explain later. >>> dow's down on lows.ack in a moment. virtually all your important legal matters in just minutes. now it's quicker and easier for you to start your business, protect your family, and launch your dreams. at legalzoom.com we put the law on your side. >>> if you're just joining us, we are aweight the president expected to speak at the nato summit in wales. don't forget, reports this morning of a cease-fire between ukraine and pro-russian separatists that is supposed to take effect as early as today, just based on reports. we'll see if that holds. >>> stocks lower in europe. investors cautious after that cease-fire accord went into affect apparently earlier this hour. italy, stapain, germany abong t biggest. and one day after falling to 14-month low, euro. the dollar, having its best weekly win streak since the introduction of the euro 17 years ago. absolutely unbelievable. art cashin joins us to talk about that and a lot more. good to see you. this has led markets off 15 handles in the past couple days? >> ye