leslie was at the waldorf astoria you tell me what you heard after the meeting was underway. , i was not allowed to go inside the roadshow. those are closed meetings to the press. what i heard from investors is a got questions answered regarding corporate governance and margins. the one thing they weren't hearing that much about was international expansion. they said the executive touched a little bit on expansion into places like india and indonesia but they were curious about how alibaba can be not just a chinese internet company but an internet company that is based in china. an internet company that has global proportions. it would be compared to an amazon or ebay. how is it going to be in other places besides china? there ishey see that some risk associated with the chinese government. they have tremendous control over companies that are based there and become this large in size. they want china to quell those risks. >> certainly having a bigger business globally would mean better things for the company. certainly we are looking for a bigger shareholder base as well. it is inter

jon fortt on set and kayla tausche up town at the waldorf-astoria where alibaba has begun pitching to investors. quite an effort kicking off today on three continents, right? >> that's exactly right, carl. new york is going to be the main event. later on in the week the executive team of alibaba will be splitting up to cover a little bit more ground. 12s plus cities nearly 100 investor meetings but today at the waldorf astoria is the main event. doors just opened. the question is how much and whether investors will be putting money to work when this company goes public next week at what looks to be a valuation above $160 billion. now the presentation will not only focus on alibaba's growth trajectory and that value proposition. it will also go into the company's humble beginnings from jack ma's apartment in 1999, some of the beginnings were the focus of an investor video released over the weekend. take a look. >> this is the story of how alibaba has helped open up china to e-commerce. enabled on-line cross-border trade and affected the lives of millions of people. in 1999, we saw how

the roadshow will begin today at the waldorf astoria in new york.er a lot of questions. a lot of analysts on wall street say the evaluation is conservative based on the filings on friday. we'll see how that plays out. there are questions to answer about how much of a force jack ma is. >> i need to clarify this. i put my foot in my mouth. 1.87. that is a big move. what is their to your question of the day? >> why is ali baba going public? is it just cashing out? .ome of the answers who wouldn't? >> i'll say. >> they have plenty of cash and are larger than amazon. >> that is a smart answer. >> fairpoint. >> two words: cashing out. you say it is none of the above. >> it is a bit of catching up. it gives them a currency. you can make acquisitions. you can pay people with it. that is a big reason why companies go public. $4.5ey have already spent million in acquisitions. >> thank you so much for joining us, jeff rosenberg. we will continue on the radio. loop" is up next with betty liu. thank you for watching. ♪ >> good morning. it is monday, september 8.

the roadshow beginning in new york at the famed waldorf astoria hotel.es on to hong 15. on september the real headline numbers, alibaba valuing itself at $162.7 billion. if they build the book, those numbers could rise. that is what we will be watching to see whether investors are as bullish on the stock and the company as the company is about itself. another company we need to talk about in japan is softbank. it was an early investor in ali baba, betting on jack ma's vision, and it's now a deal that could raise 21 point $1 billion, a record on the nyse. softbank holds shares. how are investors reacting to the recent m&a's three? m&a spree? the reason why it is listing in new york is this complex structure of ownership which precluded it from listing in hong kong. >> is hard to understand. it is a dual ownership structure. this structure allows a small group of people, jack ma among them, to make the big decisions on m&a strategy, what deals the do.any will investors not having the same kind of say that they would at a typical company. there are other co

our lead story, 800 investors packed the room in numeral x famous waldorf astoria to hear jack ma. vice-chairman were hit with a number of questions regarding ordinance issues, profit margins, and alibaba's relationship with all the pain. this according to people in the meeting. executivesing -- from the e-commerce company are all around the world, bloomberg news reported and without the waldorf a story at covering the story. heard after the meeting was underway. >> i was not able to go inside. thee are closed meetings to press. when i heard from investors who came out of the meetings if they got questions answered regarding corporate governance and margins. one big thing they did not hear much about was international expansion. the executive touched a little india andon and it indonesia. bloomberg curious about how alibaba can be not just a chinese internet company, but an internet company based in china. an internet company with global proportions. if it is gone to be compared to amazon and ebay, how will it be in other places besides china? they look at this and see there is som

. >> that starts later today at the waldorf-astoria hotel. it is starting in new york because this is a new york stock exchange listing. it would make sense that they there.eed investors we do not know exactly when the stock will start trading. we do know it is being priced on september 18. the valuation here is really stunning. $163 billion. that is how alibaba values itself. many in the analyst community say a 100 billion dollar valuation is not enough. they say alibaba's real potential has yet to be realized. very interesting. 60 times those of amazon.com. times more profitable. can you believe that? really strong numbers for the company. we will see how this ipo fares. the debut might not match the hype of what we have seen. bookmakers and the will try to get a higher valuation, as they always do. >> let's look ahead on this program. apple expected to launch a wearable device. we will check out some of the smartest gear already competing for your cash. after this short break, we will be back at the business forum. and we will talk to the

there were long lines in the waldorf-astoria on monday. every investor couldn't stop commenting on how many other investors their world lead. -- there will be. a thousand people attending the group meetings, that does not account for the private one-on-one's. we are seeing a lot of interest for sure. what is important to know is over the weekend they will look through that interest and see are interested in these shares at each price point and range. if they are seeing enough demand are key investors, if they seeing enough demand from those investors at the high-end end of the range they may seek to raise it. they may seek to price it above the range. those decisions are expected to be made in the next couple of days. >> cory, you are skeptical. why? >> i think the bankers decided that seven months ago they all said let's close the book early. multiplece it at a that looks low so we can get some interest. you and i have been getting some calls getting some private money. they are trying to sell more stock than anyone who has been sold in t

we were at the waldorf astoria and yesterday in boston.n monday they had upwards of a hundred people who showed up -- it is something you see with these bigger deals especially the ones that have gotten a lot of media attention with prospects. many investors say they cannot miss out on this. >> what kind of questions are investors asking? >> one of the main questions involves things like your mobile capacity, what they see in terms thisbile pregnant presentation and how they plan to monetize that. other questions involve corporate governance. they had a special partnership structure which allows 30 individuals control over nominating a majority of the board so that is thing that investors want clarity on in terms of what that means for their ability to have a say in this company that they've plan to potentially take a big stake in. >>jack ma potentially has a lot to celebrate because it is also his 50th birthday today. i wonder how he is celebrating. thank you very much. as for the man who founded alibaba, it is not quite a rag to riches s

jon fortt on set and kayla tausche up town at the waldorf-astoria where alibaba has begun pitching to. quite an effort kicking off today on three continents, right? >> that's exactly right, carl. new york is going to be the main event. later on in the week the executive team of alibaba will be splitting up to cover a little bit more ground. 12s plus cities nearly 100 investor meetings but today at the waldorf astoria is the main event. doors just opened. the question is how much and whether investors will be putting money to work when this company goes public next week at what looks to be a

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

jo ling kent is outside the waldorf astoria midtown manhattan where the meet something taking place.restled folders from one of the perspective investors. nfl gave ray rice a boot after a different camera angle? that is what it took. elevator surveilance video from inside of the elevator, shows him, i'm not saying allegedly, that he is beating his wife. david: that is a cheap shot. liz: i guess it was his wife to be unconscious. the video turning people's stomachs and booting him from the team. ♪ man when i got shingles it was something awful. it was like being blindsided by some linebacker. you don't see it coming. boom! if you've had chicken pox, that shingles virus is already inside of you. it ain't pretty when it comes out. now i'm not telling you this so that you'll feel sorry for me. i'm just here to tell you that one out of three people are gonna end up getting shingles. i was one of 'em. so please go talk to your doctor or pharmacist. welllllllll, not when your travel rewards card makes it so hard to get a seat using your miles. that's their game. the flights you want are bla

that night i was at the waldorf-astoria and i stayed up all night intel 67 in the morning then i fell woke up in nixon went to key biscayne. they left me there. but i waited intel 8:00 in the morning that we did not beat illinois. >> thank you. of a business graduate. >> of all the daily press summaries from your office to the president was the most positive news that you delivered other than the election of '68 and '72. >> all of the news summaries? i cannot even think of any particular warned. but i will tell you i will tell you this story. by the time they got there to work on the press to study those issues that would raise 25 per 30 questions and nixon reid -- wanted answers reduced 120 words then we would send a memo predicting what were the most likely? the most likely 15 questions we thought he would get. we did very well. we had as a good record so i said tim the memo and i predicted the questions and every single question the press asked on every issue i predicted a and had an answer in the book. so i get a call with the press conference was over and the president said bucha

the house of representatives where the democrats were still dominant so that night i was at the waldorf-astoria i stayed up all night long until 6:00 or 7:00 in the morning and i went down and got in the room and fell asleep and i woke up and said nixon has gone to keep his game. i waited until 8:00 in the morning until they finally decided we didn't need illinois. >> thank you. a business graduate from usc, we have a question from ucla, mr. mcborn from u.s. c. .. >> we would work on the press and study the issues that were up, and i would write, you know, about 25 or 30 questions and answer them. nixon wanted the answers reduced to 120 words and everything. and at the end of that, ziegler and i would get together, ron, and we'd get together and send a memo called the bz predicting what were the most likely. i'd have 25 answers in the book or 30, the most likely 15 questions we thought he would get. and so nixon went out, and we did very well. it had a good record. so one time i got, i sent him the bz memo, and i predicted the questions, and i had all the questions in the book, and every single

i was at the waldorf-astoria and i stayed up until 6:00 or 7:00 in the morning, and then i went down in my room and fell asleep, and i woke up, and it said, nixon's gone to key biscayne. so they left me there, and -- but i waited until 8:00 in the morning until they finally decided illinois, but we didn't need illinois. >> thank you, pat. a business graduate from usc, we had a question from somebody from ucla, so i'm going to balance it with mr. mcfarland from usc. >> mr. buchanan, so, of all the daily press summaries from your office to the president, what was the most positive news you delivered to mr. nixon other than the lex of '68 and 72:00. >> all the news summaries? the best news that came into richard nixon? an awful lot of -- can't even think of any particular one. it went into nixon -- i tell you what he did. let me tell you a story. i did briefing books for all of nixon's press conferences. by the time i got there, it's figured out a system. ziegler and i would work on the press and study the issues, and i would write 25 or 30 questions and answer them. nixon wanted the an

cory johnson is at the battlefront and cupertino. 800 shop at the waldorf astoria for chicken and toe alibaba story. and it is the business of fashion. they shaped the industry to its very foundation. good morning, everyone. this is "bloomberg surveillance." it is tuesday, apple day, september 9. i am tom keene. joining me, scarlet ipad fu and adam iwallet johnson. howard lindzon is chairman and founder of stocktwits. he is ihoward lindzon. >> in u.k., industrial production rises .5%. mr. carney effectively saying rates will rise in u.k. by mid-2015. that is a big deal and why the pound is rallying. here in the u.s., 7:30, small business optimism expected to increase for the third consecutive month. earnings, one of notes, barnes & noble, 8:30. mcdonald's, meanwhile, posting its third consecutive -- >> two companies both doing great. >> amazing. mcdonald's.le's and four states, delaware, new ,enture, massachusetts and rhode island. here in new york, voters will nominate potential candidates for governor. >> for an exchange on the move. the euro gets a bit, up from where it was an hou

. >>> and finally, here alibaba is kicking off a two-week ipo road show at the waldorf astoria hotelopen-ended q&a session and the road show could wrap up on september 18th. if it does, the ipo could be priced that a alibaba could be valued at up to $163 billion making it the largest u.s. ipo. brian frost is joining me from new york. brian, good morning to you. now, you are talking about the audit angle with regard to alibaba. can we rely that the audit has been done for this ipo? >> sure, that's a good question. certainly one that a lot of folks are asking today. certainly in this case i would say that given the level of scrutiny, given the high-profile nature of the ipo, the pwc out of hong kong is out doing the audit. i would say that it's certainly one that we can trust in this case. the real question, though, is as you look at the following ipos from companies out of china, are those ones we can trust. >> and just sticking on the negative points, we'll move to the positive in a second, do you think the investors understand the implications of the structure of the chinese company

don't understand what the prime minister of iraq is doing, running around new york, eating at the waldorf astoriall of these troops have been killed. shouldn't he be rolling up his sleeves -- >> he doesn't even have a defense minister, nor does he have a minister of interior to run the police forces. there is nobody in charge there. this is just unfathomable that this happened. and it is not like the soldiers as dan mentioned, don't understand what is going on. they took all the out posts, surrounded, run some sort of a suicide bomber in there. this is templated and it is just over and over, that it doesn't work. >> and how do you replace a large number of senior officers, the generals, how long of a process is that to actually get kind of lower level officers who are actually willing to fight and care about their troops to get them in a position where they can -- you know, operate things? >> well, you're dealing with an entirely different chain of command and structure. and the u.s. military, if somebody gets relieved of command he is replaced immediately. you have multiple options of past comma

the top executives left the waldorf astoria a short time ago following a presentation that saw some 800 investors packed into multiple overflow rooms as the company laid out the proposition for the ipo and its vision for the future. brady dougan had opening remarks and a video of merchants that sell their products on the platform and nearly hour-long q&a. corporate governance, acquisition and so much control in the top executives. that was a concern and most investors i spoke to after they saw the presentation, they walked away and they felt much better. take a listen. >> jack is obviously quite unique, extremely intelligent, great vision and a capacity to execute. as long as he can execute, i'm a big fan. >> reporter: of course, that investor was referencing jack mah, the founder of alibaba in 1999. i would say he's executing okay. tripling profit year over year. 70% margins. the company is mammoth investors said they'd never seen anything like this scale of the event and the company. guys, i heard more than one comparison of jack mah to steve jobs. back the you. >> kayla, that's exact

then they're moving up here to the waldorf astoria for a private lunch.nd investors like viking, black rock. this is just the first of ten-plus days in which executives will find themselves back-to-back with these meetings. alibaba is planning to sell 320 million shares. at the high end of the rage, $66 per share, it would raise up to $21 billion. it would value the company at $163 billion. it's a massive deal. investors want a piece of history, but they're also weighing unique risks on this one. number one, china's economy. many people don't know this, but alibaba's order accounts for 60% in the country. it will grow from the consumption economy. number two, transparency. has a complicated operating structure. so just how much information will shareholders get about the company? and finally control. founder jack ma is no longer the chief executive, but he still has a 9% stake and is still in the driver's seat where strategy is concerned. that is the focus of a piece on ma over the weekend. but ma is the brains. he's the brawn behind this company. it's a

at the waldorf astoria, the line is outdoor. the meeting was supposed to start 30 minutes ago and they've seen an overabundance of investors wanting to come in. we're looking at about 800 according to the latest reports i've heard inside the room. 800 investors showed up. the executives expected to use the today, jack mott, the chairman and the vice chairman as well as the cfo. that is what people are here to see and that's what they are a bigto get all stop back crowd is a good sign. if there's a flub, you don't want a big audience on your first day out in front of investors. any notion of what investors will be looking for as they hear this pitch? >> i spoke with some investors after the evaluation was announced. they thought the initial valuation was conservative. waitingd, they're significant risks with alibaba and have significant questions they will be asking today, primarily about their m&a strategy. they want to know what alibaba is outside of the e-commerce. they've done $4.6 billion worth of deals this year. what does