softbank is actually looking at several u.s.ia companies and one source described them as being on second base for several different u.s. media assets that could be larger than this one. but the acquisition would give them content they could payor with around the globe. is that integration of content and distribution that all sorts of telecom companies have been looking at recently. comcast was buying nbc. i know we are having the ceo full-screen on later. that is the play here, putting together content and distribution. here's the content company that probably needs to get a buyer because the standalone business of the film driven company like dreamworks animation is very up and down. if you look at the shares over the past year or two years they have struggled, and that is because of investors looking at this company and saying it does not have enough and needs more scale. >> i was surprised when i looked the financials this morning, that for three years now the majority of the revenue has come from overseas sales, not in the

for softbank. almost to the degree of, this is what you want to waste your time on? does allowanimation for global reach for softbank. softbank owns a japanese wireless carrier, it can use dreamworks content in bundled packages. it can bundle up with sprint in unique ways. if putting content together with distribution is the holy grail, and we have all been persuaded that it is, why go with something a saw -- with something as small as softbank? he is thinking big. to my understanding he is of u.s.at a wide array media assets. some of those are bigger than dreamworks animation. this is a deal that theoretically could get done and a big problem with some of these other u.s. media assets is they are family controlled, they have a dual share structure. >> this may be an opportunity -san to dip his toe into the u.s. media business. he may not want to jump into the deep end. we saw a lot of the asian investors coming in. look at the studios in the 80's and 90's playing on the growth of the u.s. consumer

and softbank.hat alibaba made the entire decision by themselves of the bankers and they want it to pop. is happy that is a 25% bump or whatever the amount is. we will be talking about this tomorrow. the price will march on. >> facebook at such a wide audience of users in the u.s. no one is using alibaba's platform in the u.s. for the most part and that's why i'm not surprised this was institutionally sold. half the book that taken down by 10 firms? this was institutionally sold. >> do you remember what a hot mess that facebook book was? you had grandmas and aunts and uncles and friends putting into the deal. that's not the case here. very, they have made it institutional and allows them to control the process. it's 10 minutes to noon and we still not have seen a trade. that does not mean anything is gone wrong but it is curious. tom farley, the president of the near stock exchange was on with us about 50 minutes ago thinking that we could see this in 20 minutes or 30 minutes. >> he qualified it and

softbank may be going shopping again.orts say that the ceo is having talks to buy dreamworks animation. what it we know about the potential deal here? >> i am not the only one who shrek"t like shrek -- " adagascar," but the board of dreamworks animation and california held an emergency meeting last week to discuss the bid. if the deal goes through, it would make softbank the second japanese company to buy a hollywood studio. and for dreamworks, it works out as well, because it will be part of a bigger company. it will have more leverage, it will be able to do morning as she its distributors and to increase its tv shows, and it will help it expand into asia. that it has been successful in hollywood, but sprint in the u.s. has been very aggressive in acquiring businesses. how does going hollywood play into their strategy there? no secret that softbank has been shopping around. especially in media. as you mentioned, softbank already controls the third largest global operator, sprint, and we know a couple of months ago, they

softbank is trying to buy dreamworks animation.oftbank, which controls a sprint, has been looking for more media investment in the u.s. treasury wise there is talk of a takeover. this has been since may the 20th. shares are taking a pounding and they rejected a bid. there was a revised offer from kkr. later they were said to match the offer. shares are down about 14%. kong.otests in hong that is the question will ask coming back from the break. ♪ we can bring you live images of the calm after the storm after last night's protest. the pro-democracy protests shut down much of central hong kong. the situation remains fairly similar. if we can get over to roslyn chen, she is in central hong kong. give us an idea of what is going on. now, there are still thousands of protesters out here on the streets of admiralty, on the edge of the financial district, and outside of the government complex. it is very calm right now. people are sitting, quietly resting. occasionally there is a rallying cry. they are asking for chief executives to step

weighing a sale to japan-based softbank. they would become the second japanese company to own a major hollywood studio. says he will serve board and the panels. facebook launching a new ad platform today, one that will own desktopnd beyon its and mobile sites. atlas will allow marketers to use facebook data on its 1.3 billion users to target them to buy ads on non-facebook websites and apps. google has also announced a new mobile ad tool today. plans to automatically resize advertising spots to fit mobile devices. anchor calling it an marketing spot that remains at the bottom of a mobile device screen even as viewers scroll down on a page. this is all being announced in the conference weekend in new york. let me start with you. it is interesting to me that this conference has become the event where these really big marketers are showing off their wares. are these announcements really new or just a way to get attention? >> facebook has been moving in mis-direction for a long time. year they allowed mobile up risers -- adverti

>>> dreamworks soaring on reports it could buy softbank. for over 60,000 california foster children, extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. >>> shares of ford getting had hit after an investor meeting said they expect a loss if europe this year. phil lebeau joins us on the phone. >> a few headlines stand out by wall street analysts in dearborn. the first immediate one, ford thinks profit for this year will be lowered by at least $1 billion. they expect $6 billion. previous guidance was between $7 billion and $8 billion. a number of factors weighing on that. we'll talk about that more in a bit. in europe, loss in 2015 will be worse than expected. only g

about are talking softbank.ling to make the same amount into their investment. about 825 million dollars a few years ago and are set to make a profit. a substantial amount. just on ther the -- ipo. they hold onto a 2.2% stake. we will see how they are projected to do as alibaba continues to trade. general atlantic, a private the 70firm, they put in $5 million back in november and now it is worth more than $2 billion. -- $75 million back in november and now it is worth more than $2 billion. thaner selling worth more $9 billion worth of shares in terms of revenue the last 2 years. if they hold on to a stake of but now 16%. the person who will gain the most is probably jack ma. he was already china's richest man and he sold shares. $26.5 billion. and of coarse, he cofounded -- and of course, he cofounded, joseph tsai. there you go. jack ma is climbing the ladder. still not a number one but a number 2. the top person is worth over $30 billion. >> he only sold a percentage of his stake? >> a very small percentage. no

, but someone told me it is softbank who could buy a company like yahoo! you ever consider something like that? >> that is a dangerous question. >> softbank ceo masayoshi son. ♪ >> you're watching "bloomberg west," where we focus on innovation, technology, and the future of business. i am emily chang. the apple hype machine was in full effect today with shoppers waiting in long lines to get their hands on the latest iphone. police officers in new york had to put up barricades as the line stretched more than 10 blocks. this store got a visit from tim cook where our cameras captured him posing for selfies with customers and employees. can the iphone live up to the hype? i got mine today. i went with an iphone 6, gold. i get to try out this week. i did not get much time today. i spoke with gene munster of piper jaffray, alex gauna of jmp securities, and cory johnson. i asked them what phones they are going with. >> i am getting the 64 gig 6 plus. >> gene, you're not nervous about the big screen? being too big? >> no. i checked it out last week. it feels like

. >>> the people at softbank may have their eyes on hollywood. reports say the telecom company is in talks to buy dream works animation. the "wall street journal" and other u.s. media say softbank could buy the major hollywood studio for $3.4 billion. an executive at the firm says it doesn't comment on rumors or speculation. analysts say buying dreamworks would make softbank more competitive in the content business. dreamworks was spun off in 2004 from a film company founded by director steven spielberg and others. it has produced hit movies like "shrek" and "kung fu panda." manga and anime continues to grow around the world. they're trying to attract fans from abroad and generate profits in the process. ♪ >> reporter: a musical recently staged in tokyo was based on a manga title, "the prince of tennis." the story is about a junior high school student with dreams of becoming a top tennis player. this is what is known as a 2.5 d musical. it combines a three dimensional musical with two dimensional media such as manga or anime. >> translator: i lik

i spoke with cofounder jack ma as well as the ceo and chairman of softbank. you will see those interviews over the next hour. first, i want to talk about what is happening here. i want to bring in leslie picker, who has been on the floor with me every day leading up to this idea. we also have one of the earliest investors in alibaba. cory johnson is an san francisco. leslie, i will start with you. does this mean they let multi-billions on the table? >> i was watching the price discovery process happen and i was with some of their underwriters going -- that was higher than we expected. saw this coming. people thought maybe $85 on the first day, not this. this is pretty high. especially on such a big deal. if you are a big mutual fund and you take a billion-dollar stake in this company, look at what you have made in one day. ipo, not just $100 million where you have a million dollars here, trading up 75%. these are big gains for those investors and money left on the table for the company. >> still the largest ipo in u.s. history. any concern that money was left

station which is covered in softbank ads. some would argue that's part of the regulatory front they were putting up when trying to buy t mobile. they've done an advertising push to get consumers familiar with that name. >> you can't buy product ps in the u.s. >> it seems like it's important to have content in your portfolio for negotiating leverage. so many arenas whether talking distribution, whether you're talking other kinds of content deals, dealing with netflix, everybody has to do these days. >> does a dreamworks/softbank deal have naconcern aurora written over it, the ceo of softbank's media practice, the vice chairman of the company, the chief business officer of google before it did the youtube deal. a lot saying this is his first foray. >> bought a youtube channel, brian roberts awesomeness tv, a kind of high-profile, small but high-profile channel that concern would have been around that hubbub. that's a decent point. >> quick programming note by the way. tomorrow, a first on cnbc interview with the chief of oracle

bloomberg data says softbank has made $51 billion in deals over the past few years.already controls the third-largest u.s. mobile operator, sprint. by buying dreamworks animation, it hopes that softbank will get content for its mobile carrier. in the bigger picture, masayoshi son wants to invest in 5000 companies by 2040. >> this might be one of them. what do we know so far about the details? >> it has been reported that son made a $3.4 billion offer. it value shares at $32 each. that would come with a 43% premium on top of friday's closing price. with this could go deal because it is coming at a time when they are having a pretty rough time with lackluster box office results. board had to hold an emergency meeting last week. people with knowledge of discussions say that ceo jeffrey katzenberg is considering the sale of the company and is open to other offers. >> thanks. >> we have to take a break. coming up, the world of watchmaking dissenting on hong kong this week. a will be hearing from relative newcomer to the luxury market. " returnsasia edge after this break.

softbank is all over the map here they are making investments in wireless.n looking at mexican telecom assets and mobile. europe,looking at asia, and u.s. media assets. this, from what i am told, is not the only one. softbank has a lot of different guys all over the place holding one comes up on lucky roll and i am not sure this will be the one. >> this can make sense in the sense that they could get some content here and that you give more subscribers to spend. >> also, if they have an international play, they could leverage it and use it in japan as well. the idea of getting into content and pairing with wireless is absolutely part of the strategy here. there are reasons why softbank would want this particular asset over others. that said, coming at it from dreamworks perspective, do you want to sell to softbank, where will runno question he the show here. he has a 300 year plan. he is the leader of the country. jeffrey is a pretty strong-willed guy and he may want control of what happened there. some analysts i have spoken to have said it would be more li

the deal would give softbank control of dreamworks.of hits in their franchise and has blazed a trail in china where it signed a joint venture deal with three state-owned media companies to produce movies and tv shows and is building a 2.4 billion entertainment complex in shanghai. dreamworks was spun out of the studio started by david geffon and steven spielberg in 2004. they would sign a five-year contract to stay with the company. buying dreamworks would make them the second japanese company after columbia pictures was bought in 1989. it had more than $17 billion on hand at the end of june and they recently cashed in on alibaba. it still holds a 32% stake making it one of alibaba's largest shareholder. >>> in july a formal google exec was hired that sparked rumors the company could be considering acquisition of a content maker. dreamworks has seen the share price drop 37% after posting two straight quarterly losses. that is due to a string of box office bombs including "mr. peabody" and "sherman." >>> thank you for that, moving on, u

softbank -- the ceo of softbank. ♪ watching "bloomberg west." am emily chang.hoppers waited in long lines outside of stores to get their hands on the latest iphones. police officer's had to put up your kids as the line stretched more than 10 box. the stanford apple store got a special visit from tim cook where our cameras caught him posing for selfies with customers and employees. can the new iphones live up to the hype? i get to try it out this weekend, i got the iphone 6. phones they're going with. six plus.ing a 64 gig are not nervous about the screen being too big? rexam looking forward to the change. >> color? >> slate gray. >> it is very important. whatever you choose it makes a statement. one ago 128? these phones are a steal. i do like the color choice. >> i got 128 as well. memory question. i want the biggest one possible. i am going with a 128 and the six plus. -- both of ust sleek aprised at how phone of that size could we. the phone works for me. i think it is interesting the way the offering of this six loss and of all the memory for theelps raise

we need softbank has 5 billion in cash ready to go to work.ns it is extremely inequality. so these three gentlemen who founded this company in 1984 -- you know steven spielberg was at -- they all came together and said let's start our company dreamworks. i interviewed for fox business live at the scene of dreamworks animation back in the day and that's actually the consumer electronic sale in vegas had been seeking to expand and cut his exposure to movie making, but he is one heck of a leader and a deal with softbank could enable the japs company well beyond it's attempt to buy t mobile. had to give up on buying t mobile. so why not go in for content? we'll see what happens for dreamworks. it's jumping right now. markets are still? the red. the pull back was due in part with concerns about approximate a hike in interest rates because the data is looking pretty decent president situation at the moment when it comes to hong kong. how do you make money joining us is mark sells man. 4.5 billion in your fund right off the news here. why do you thin

one of the biggest winners in the ipo was softbank. the biggest shareholder.oming up my interview with the ceo talking about what he thinks is in alibaba's future. ♪ >> welcome back. the biggest shareholder in alibaba is japan's softbank the same company that bought sprint last year. the company owns 32.4% of ali baba and made the decision not to sell any of its stake. i had a chance to talk to the ceo about why he made the long trip to new york for today. >> this is a historic moment and i am happy to celebrate. >> you're not selling any shares today. how did you make that decision? >> this is only a beginning. >> you have had a year's long relationship. what is that like? >> he is my best friend, best partner. it is a lifetime partner. >> what do you want alibaba to do next? >> they continue to grow inside china but also grow globally. and this ipo in new york makes a good entry to the global expansion. >> jack ma is open to a joint venturer with amazon. what would you think of something like that? >> i do not know what he said. he always thinks proactively

softbank looking to buy dreamworks animation.ake of that in this idea you think people are trying to get on one platform? that suggests to me maybe there's something else to how you think about aol in the future. >> i saw last week from softbank, had a chat with him. i saw the news like you saw. content is king. you look at what's happening in the world in terms of the focus. focus we've had around building properties. and then you look at the fact that everybody wants scale. >> now, i want to ask you with this news your announcing this morning. you're expanding to buy traditional ads and tv ads through your program. what's the news? >> the news here is advertising on the internet is growing very quickly. it's now starting to go into tv. so the simple way to think about this is advertising is becoming as easy as e-commerce. in the world where hundreds of millions of dollars gets traded over fax machines. we're the first company to tie the internet advertising target and leadership and digital has been tremendous. and we're the fi

softbank is the biggest shareholder thereof ali baba. 75 billion u.s. dollars is how much their stake is worth. for $.6ooking at billion -- $4.6 billion. be revising back, once we know how much they are booking from the ipo. anyway, they will be booking that gain. september 30 is the ending of the six-month first-half. we are down about 4% for ¥8,400., onit was all about alibaba friday, and we could see the company bounce back from the big games on friday. surge, buteen a 38% fell after hours. billion, making is significantly larger than amazon and facebook and ebay. what if that dream comes true? that wee 15 years ago were going to change sign and improve china -- the internet was going to change china and improve the world. if you do not work hard, nobody has a chance. i never knew that we would be here today. >> one of alibaba's biggest stakeholders did not fare as well. stock made yahoo!'s them less valuable than their asian assets. 40ir market cap is about million dollars -- $40 billion. the fault may continue since investors can now buy directly i

we had a lot of tweets about softbank. what do we do with softbank. >> it's similar to yahoo.int has moved a lot, went down a lot. lately it's been up a lot. clear you have a big alibaba position as well. i think similar to guy, start taking some off. >> okay. and tim? weibo, but also chinese internets in general. >> this was total take profits. last monday i said people are talk about how do you get exposure. alibaba owns 30% of this country. they may want tooid that. that was a trade that went up 25%. i don't really know why, even though i think the company is doing reasonably well with a lot of competition. i've been out. the stock got destroyed today. and that feels nice. but i think it almost feels lucky. if you look at the chinese internet space, the way you play today's move is you buy baidu. baidu which sold off, you buy best of breed. baidu and alibaba are the way you want to own china, at least in the near term and that's the way you trade it right now. >> thinking about whether or not you want a piece of baba, now that they have raised the range, what are your thoug

from that standpoint and softbank, the benefit you have is a manager and basically knows how to be ae. no reinvestment risk and as there is with melissa mayer and with ownership interest in companies of sprint has a big portfolio to work with. >> i agree with a position of softbank. for retail investor, any ipo, on average, 80% of them are lower than the issue price within a year so you won't want to wait out a year and an inherit risk of transparency with china, some of the regulations around it and uncertainty that i would be hesitant to advise any retail investor to own in a firstier. >> i would agree with an ipo in the sense of they're flipped, a lot of these not where they would be. i think the transparency thing is overrated. think about viacom and redstone and rupert murdoch. what we do -- >> governance is different than transparency. >> i'm never going to invest in viacom. >> but the transparency is good. governance is skewed toward a few guys. >> looking for a company that expecting 30% revenue growth for long term revenue growth, i want trarn paren sy and good governance. >

it is more interesting to softbank because of the yahoo! japan stake.be a transaction about equity and not necessarily equity in yahoo! itself. i hope that yahoo! remains independent and marissa build something great. >> what does alibaba look like five or 10 years from now? >> they will have to be more focused on mobile devices. there is a lot of venture capital money going into mobile facing e-commerce plays. that is starting to chip away at alibaba's and e-commerce. they might become a gigantic conglomerate. the question that shareholders have to know is is it owned by alibaba or jack ma? there is anger or frustration because he has its low stake in his company. he is not like arc sector berg -- mark zuckerberg. he gets a lot of press as an investment when it is really his own. thank you. that does it for this special edition of "bloomberg west," the alibaba story. ♪ . >> he's been called the startup whisperer. reid hoffman is the executive chairman of linkedin and an investor in some of the most successful companies of all time, including facebook.

it is more interesting to softbank than alibaba. alibaba could. that they would want the operating business as much as owning whatever equity is left. but there will be much less equity left now. i think it is more interesting to softbank than it is to alibaba because of the yahoo! japan stake and whatever is left in the chinese stake. but that would be about equity in other companies and not necessarily equity in yahoo! itself. there is a lot of scenarios that could play out. my hope is that yahoo! remains independent, that marissa continues to build something great. but it wouldn't surprise me if all of these rumors began to surface after the alibaba ipo. >> what does alibaba look like five to 10 years from now? >> they will have to become a lot more focused on mobile devices. there is a lot of venture capital money now going into mobile facing e-commerce plays, starting to really chip away at alibaba's dominance in e-commerce. i think you are going to see that they might become a gigantic conglomerate. the question that shareholders have to kno

it is more softbank than alibaba. i am not sure that they would want the operating business as much as owning whatever equity is left. but there will be much less equity left now. i think it is more interesting to softbank than it is to alibaba because of the yahoo!-japan stake and whatever is left in the chinese stake. but that would be about equity in other companies and not necessarily equity in yahoo! itself. there are a lot of equities -- a lot of scenarios that could play out. it wouldn't surprise me if all of these rumors began to surface after the alibaba ipo. >> what does alibaba look like five to 10 years from now? >> they will have to become a lot more focused on mobile devices. there is a lot of venture capital money now going into mobile facing, e-commerce plays, starting to really chip away at alibaba's dominance in e-commerce. you might see they will become a gigantic conglomerate. the question that shareholders have to know is is it actually owned by alibaba or is it owned by jack ma and the equity fir

, of softbank, indirectly invest in both. >> mia saini, i want to ask you about the alibaba firewall you said this was conservative, at the high end of the range, but somebody said it was low? >> a discount. >> i beg your pardon. a discount to what? discount to some projection of growth in the future? >> people have said it is a discount against chinese competitors. look at the way it is traded against projected earnings for the fiscal year, 29 times. tencent, 34 times. baidu, 37 times. u.s. counterparts are more, a factor of five in some cases./ why that is the case, a lot of it goes to the fact that many companies that alibaba does have platform make more of a profit, and gross margins are a lot healthier. >> you will be following the story and help us with all the details, particularly when trading begins. >> i'm all over it. >> thank you very much, our lady baba, mia saini. bloomberg'sbout special programs tonight on alibaba. " crocodile in the yangtze, the ali baba story," airing at 9:30 p.m. eastern, than a special half-hour on alibaba'sd busines. right here, only on bloomberg.

it is much more softbank than alibaba.not sure they would want the operating is this as much as owning whatever equity is left. that there will be much less equity left now. interesting to softbank than alibaba because of the yahoo! japan stake, as well as whatever is left in the chinese state. that would be a transaction about equity and other companies, not necessarily equity in yahoo! itself. there are other scenarios that could play out. my hope is yahoo! remains independent. but it would not surprise me if all of these rumors began to surface after the alibaba ipo. look likees alibaba 10 years from now? >> five years, 10 years from now they are going to have to become more focused on mobile devices. there is a lot of venture mobile capital money -- venture capital money going into the mobile space. that is chipping away at alibaba's dominance in e-commerce. they may become a gigantic conglomerate. at the question that shareholders have to know is is it actually owned by alibaba or is it owned by jack ma and his privat

softbank abandoned.er too late for korea especially [indiscernible] encourage people to become investment bankers. low interest rates are reduced from loans. those are the top corporate headlines. >> other stories making headlines. ukraine and pro-russian separatists have helped explore rick -- exploratory talks in belarus. they are accusing russia of stoking the fight which is something they deny. president putin has asked for greater autonomy and hinted as a form of statehood. there is a record against the dollar and as imitation's russia will face -- and expectations russia will face new sanctions. clashes between police and demonstrators in the so-called red zone. earlier antigovernment protesters stormed the state television and forced the channel off air. they are asking prime and fisheries to resign and accuse him of rating last year's election. -- there as an prime minister sharif to resign and accused him of rigging last year's election. 19 people have been confirmed with dengue fever. shares in

we will start with softbank. in talks to dry -- to buy dreamworks animation. the film studio, turning it into a mini walt disney. softbank senior executives have not formerly discussed the potential acquisition. air france pilots ending their two-week strike. they plan a full schedule as the -- as they try -- pilots began striking on september 15. the walkout has cost the airline about $25 million per day. apple accused of prospering from a legal tax deals in ireland. "the financial times" says the european commission has found a tech company benefited from illicit state aid. >> shocking. me?you kidding >> know, we are not. our twitter question of the day -- this is a serious one. what is the most underestimated global conflict? bsurveillance. you are watching "bloomberg surveillance." ♪ >> good morning, everyone. coming up at 11:00 a.m., "market makers." nigel travis. he is my favorite ceo on the planet. many times did you read that? >> i have a hat trick limit. a.m. --avis at 11:00 nigel travis at 11:00 a.m. on his transnational project. this is "bloomberg s

published report say softbank, the company run by japan's richest man, is in talks to acquire the studionown for of course movies such as "shrek" and "madagascar," softbank offered 32 a share for dreamworks, almost ten bucks above the closing price. i want to put cold water on this one. having done reporting this morning. people, let's call it, close to the situation indicated to me there's not that much going on here. yeah, i mean, dreamworks has been for sale what feels like forever. >> stock's up huge. >> the new guy at softbank, remember came over from google, who has been tasked with looking for content. >> smart as all get out. >> and he just began, although starting his job before he really started his job, he's now in there. so while may be a lot of chatter, people i've spoken with indicate very early, may very well go nowhere and also point out, listen, may be an interest in working together, don't forget softbank owns two gaming companies. they need content. there's also opportunities to co-brand with movies, create games off of movies. so, just, at least based on conversations

it's softbank. >> not a bank.be a question that people would ask if they didn't know that it was a technology company that had the word bank in the name. >> in any case, we are crunching the numbers to make sense of that all next. will that be all, sir? thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. and often even more. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $89.95 a month. comcast business. built for business. >>> let's talk numbers and talk some dreamworks. ror reports say that japanese softbank which is not a bank may buy it. barton, first to the fundamentals do you, pun intended, buy this report? >> you know, on a fundamental basis, i have a $20 price target for dreamworks. i'm not a buyer of this pop on deal talk and not

. >> what about softbank?et my hands on those sharyls but these are two stocks that i can own meantime. do you think that trade ends before friday? >> i think the softbank is a little bit -- obviously, both proxy names for alibaba. yahoo! more so. we can have that conversation at a later date. i think softbank, though, can stand on its own two feet without alibaba. that said, yes, if you have been in both for the reasons of alibaba, now you have the catalyst. take profits ahead of that. trade the market. don't let the market trade you. bill, you can use that tomorrow if you like this. >> i'm writing that down right now. very, very good. you know, i'm of the mind, i'm always a contrarian. wanting to go against the crowd if i can even though i don't trade the market the way guy does. the hype on alibaba, you know, we were equating facebook to google. ten years before. we all know how facebook turned out. alibaba is like google on steroids in terms of hype we're getting going into the ipo this week. are you incli

japan to softbank. suddenly alibaba gets everything that they want.t stanford university business school, jack moss said how interested would you be in buying yahoo!? he said very interested. he just kept getting pressed. a month and half, two months ago. at stanford business school, he said very interested. they would buy yahoo!. >> think of what that nothingness gets them in terms of proximity and access and a look-see into a lot of businesses. i'm with pete. i don't understand how we get into a place where downgrades are coming at a time when post-ipo, we own 15% of alibaba, the $275 billion market cap at 32 times 2016. that means basically right here without anything else, without yahoo! japan, this company is probably in the black. so it is puzzling to me that every analyst who's waiting for a valuation of alibaba. many of these guys had $140 billion. we have the valuation and we're post ipo and people are downgrading this stock. it makes no sense to me. >> what did you with your softbank? >> we sold some thursday and friday. i still have 40% lef

and softbank which aren't selling much of their stakes.'m just wondering, why do you think that the company should be pricing that ipo higher to capitalize on that valuation sooner rather than later? >> no. i think the -- for the whole china internet space actually for the first half of the year, pretty strong market and i think it's a good time for the company to really pricing to take advantage of the market and using the money to invest in the emerging drivers for the company in the long term. >> when a company is already this big coming out, it makes it difficult to think about growth prospects. if you're taking the pro-growth side on the alibaba story, why should we believe it can get so much bigger before we see it expanding outside of china? >> no. in china you'll see the markets there's room to go. just think about the consumption over the power over there and also the increasing internet penetration and the mobile usage. internationally, we also believe huge room there, you may know the company make several acquisitions in the u.s

here in japan which, obviously, offer a lot of apple products so we'll watch out for the likes of softbank, kdd and ntt dokomo and weakness in the metals sector and commodity, as well. wti and brent expanding losses and spot gold is down, as well. close to a three-month low. so investors have been selling shares of commodity heavy indexes such as sydney's asx 200 and follow that today. later this morning, we are also getting china consumer and production price numbers. china, of course, is australia's biggest trading partner and dent in demand of china is very closely affected by the likes of sydney's index. we'll keep track of all of that but the nikkei and topix in the positive. back to you. >> all right. thanks a lot for that update. >>> and as he mentioned, moves by china are closely watched around the world. so observers took note of remarks by premier on the chinese economy. he said he's confident his country will achieve its targeted growth rate as it speeds up the pace of product ral reforms. li spoke at an international meeting held by the world economic forum southeast of beijing

but i would just address one thing in terms of a hedge, i would rather be short softbank as a hedge to alibaba because it's a bigger company. you still have the chance that yahoo! can get taken out or marisa mayor maybe -- >> i don't disagree. i think this is short term. the options start next monday on the 29th. until ha time i think this is the hedge people are using. >> one more thing, joe points out the russell, russell down more than a half percent. it's never done anything this year. small caps lead you down, small caps lead you up. >> let's talk about apple, strong iphone numbers over the weekend, more than 10 million units sold. surprising some folks including our next guest. sanford bern stein's tony sag knock ki. welcome. >> nice to see you. >> i have a note of yours, september 17th could those sales disappoint you say? what do you say now? >> they didn't. they were very strong. i think it's important to note that the number is really a reflection of apple's ability to make and supply phones because these first weekend sales are sales. they're sales to apple's channel partner

the ceo of softbank has already said, he would like to own more of ali baba and wishes he did. >> this gets the guys involved in the stock. tax or not, efficiency or not with ali baba. no matter what you did, people had much higher evaluations. it had to attach to yahoo! after ali baba than they had. some of the parts even without taxi fish yun tax efficiency. >> what starboard is saying is 5662 on the stock. that's a huge up side. >> we talked about a move potentially to 45. it got to 44. the pullback was on ridiculous volume. it traded almost half a billion shares and we talked about that being the flush. it feels like it wants to repeat. i i am not convinced 50 is in play. >> unusual activity in case you missed out. action investors will have another chance to trade the chinese e-commerce company whether it debuts its stock options on monday. what are we watching for. what shall we expect? >> what you can expect is something close to facebook. >> 365,000 contracts traded the day facebook did list the options. a lot had to do with the fact that because of the botched ipo and stock di

reports say japan's softbank is in talks to buy dreamworks animation, the makers of shrek and kung fu more than $3 billion. it is reportedly been linked to yahoo! and made an offer for beats music before it was sold to apple. >>> gm is warning corps are vet owners not to use one of the high tech features. gm is working on a software fix. >>> and grab a cup of joe because it is national coffee day. to celebrate several chains are giving out free cups of caffeinated goodness. you can get yours at dunkin' donuts, criskrispy kreme, mcdons and tim hortens. >> coffee and free on a monday morning, check, check and check. >>> touching moments at fenway for the captain's last hoorah. ♪ ♪ ♪ ♪ ♪ great rates for great rides. geico motorcycle, see how much you could save. years later, she still is. sara was glowing. nice'n easy color looks lit by the sun with luminous lowlights and shimmering highlights. she's more radiant than ever. nice'n easy, for the most natural shade of you. introducing new listerine® healthy white™. it not only safely whitens teeth, but also restores enamel. lose the nerves

according to reports the company softbank is now looking to buy dreamworks, the studio behind shrek and madagascar. the reported offer price is almost $3.5 billion. that's $32 a share and a big premium on dream democrat woshs' closing price today. and a canadian natural gas company is buying anoflon, a tes shale company. it will give the canadian company a foothold in one of america's most oil had been rich regions and let the company move away from low profile natural gas and into oil production. shares of aflon surged to 58.32 and cana up 2% to 21.59. another deal to tell you about. timco software has agreed to vista. about $4 billion. tim ko. activists have been pressuring the company to maximize shareholder value. up 21% those shares were to 23.65. >>> iron mountain shares rose on a bloomberg report that it's in talks to buy recall holdings for more than $2 billion. the data storage and information management company is said to be working with evercore partners on the potential deal. shares jumped more than 6% to 33.90. >>> three drugmakers promised drug results at an oncology confe

. >> reporter: yahoo, and the japanese company softbank, also have big stakes in alibaba, which willin trading under the ticker symbol baba, which the new york stock exchange opens friday's. why should we care alibaba is going public? >> you're watching the world put its money behind the belief of the future of the middle class in china to buy things and to some exents reminds of our place in an increasingly competitive world. >> reporter: alibaba already owns stakes in the gaming company kabam. >> pelley: thanks again, anthony. there's another big business note tonight. larry ellison is stepping down as the c.e.o. of oracle, the business computer giant he cofounded in 1977, request $1200 of his own money. ellison will become chairman of the company and its chief technology officer. if you happen to be heading from oregon to philadelphia, giget could use a ride home. the jack russell terrier disappeared in the philly area in april and amazingly showed up 2700 miles away near portland. no one knows how she got there, but a microchip in the dog helped the shelter track down the owner.