you know it's pretty amazing we just passed the ninth year anniversary of the bankruptcy of lehman brothers now on monday we reached a new record highs and if you look at it from the lows that we saw after the financial crisis that was in march of two thousand and nine since then the s. and p. five hundred has gained almost two hundred seventy per cent and also blue chips the dow jones industrial average was a new record we will have the federal reserve meeting on tuesday and wednesday and well no news or good news we didn't get a whole lot of economic news here on monday and that was good enough to get another record here on wall street and see how that we progress is thank you very much and scott on wall street for the analysis and one of the list companies their u.s. car maker general lauder's is recalling two and a half million cars in china the cars faulty airbags provided by the japanese supplier takata the vehicles have to be taken to g.m. service centers for inspection to cut those defective airbags are blamed for eighteen deaths the world and have led to massive recalls announced a sim

we just passed the ninth year anniversary of the bankruptcy of lehman brothers. nowmonday we reached a new record height. if you look at it from the lows we saw after the financial crisis in march of 2009, since then, the s&p 500 has gained almost 270%, and the dow jones has a new record. we have the federal reserve meeting on tuesday and wednesday. no news is good news. we did not get a lot of economic news here on monday. that was good enough to get another record on wall street. javier: let's see how the week progresses. thank you very much for the analysis. back to the eu, where brexit talks are not making any real progress in financial markets worldwide are looking for guidance. on monday the bank of england governor discussed his central-bank's interest rate policy at the imf meeting in washington and sent the pound sterling down almost 1%. reporter: brexit is coming. in while some politicians in the u.k. still try to fake it as a positive for the country, most fear the road ahead. at the imf meeting in washington dc, the bank of england governor said brexit is

lehman brothers collapsed. we fundamentally had a demographic destiny that we all recognise now of asia, africa, latin america,t tell us about this launch because you were 33 years old. you didn't know plinth. it was kind of, just your ten assy having met someone low down in his organisation and he invited you to speak publicly at his event and he introduced you. i imagine you were extremely nervous? well, gandy once said if you're the bearer of a truth, none of this matters because you are able to change structures and change things. ifelt you are able to change structures and change things. i felt we you are able to change structures and change things. ifelt we had a fundamental idea. that so many people could rise and they weren't going given the financial tools, the health care and the energy that they needed and this was a massive, missive business opportunity. it was just so obvious to me. so when i spoke to him and i spoke to folks who were our early backers and i said here are the team a group of ceos and partners who have done this before, and we can find the business and back massive growth. we said

lehman brothers. i was watching your progress through the tech bubble and that bursting. you had these challenges that wiped familiar names off the board. we facing a similar bubble right nowe billion-dollar unicorns and the inflated -- are -- and the inflated tech scene? are there any similarities? >> no, not that much. i think the challenge at that time, a lot of people did not understand how powerful internet is, how to do internet, and whether internet can -- people were just jumping. i found a lot of people have crazy ideas, but they don't know how to operate and do not know how to -- today, everybody knows the internet is powerful. it's going to change the human history. also, the infrastructure of the internet -- the infrastructure is much better than 10, 15 years ago. if you are not that greedy, if you are not that stupid and crazy, it's easy to survive today and yesterday. emily: alibaba founder jack ma. you can see more of that unprecedented and exclusive access to the alibaba group during our special half-hour program, "alibaba: the global disruptor" on friday at 5:30 p.m. new york time. microsoft is teaming up with intel to enhance its cloud-based security in a

lehman brothers. we also -- of course, i was watching your progress to the tech bubble and that bursting. wiped---hese that are we seeing a tech bubble nowith the billion-dollar unicorns and the inflated tech scene? mr. ma: no, not that much. i think the challenge at that time -- a lot of people did not understand how powerful the internet is. way ando the internet whether the internet could be sustained. people were jumping to start to do it. i found a lot of people with crazy ideas but did not know how to operate it. and does not know how to make their dream come true. they, everybody knows internet is powerful, will change human history, and also, i think the infrastructure of the internet, the infrastructure of the technology, is much 10 to 15 years ago. if you are not that greedy, if you are not that stupid and crazy, it is easy to survive today than yesterday. anna: jack ma speaking with stephen engle. you can catch more in a special half-hour program. alibaba: the global disruptor. you can see that in europe at 7:00 p.m. london time. it :00 p.m. if you are in paris or berlin. julian howard still with us, head of multi-asset soluti