There seemed to be only one stock that everyone on wall street was talking about today. Its name, alibaba, and its triumph in the initial Stock Offering managed to live up to all the hype creating a seldom seen mob of traders jockeying around the post where traders finally began trading on the New York Stock Exchange just before noon. Alibabas ipo was one for the record books bigger than any offering that came before it. Shares of the Online Shopping powerhouse blew right past the opening share house thursday and put the value on the company at roughly 42 billion, more than top competitor u. S. Giant amazon, more than ebay, and more even than facebook. And just a bit below walmart. By the close, alibabas shares were 30 higher. Kayla tausche has more on the blowout debut on the nyse. Reporter alibaba is off and running. The chinese ecommerce giant soared above 90 in its debut after pricing thursday at 68 a share. The Company Founded in the apartment of entrepreneur jack ma in 1999 with just a dozen partners now responsible for 80 of chinas ecommerce and valued today in the Public Market in the United States at 240 billion. Their Business Model is described often as a matchup between amazon and ebay but now is a formidable challenge here in the u. S. , bigger than ibm and j. P. Morgan chase. But ma says he draws inspiration from another u. S. Corporation should we hope in the next 50 years the world changes because of that. We want to be bigger than walmart, bigger, it is not just the size, we want to learn and change the business in the last century. We hope 15 years later to say this is a company like microsoft. Like ibm, they changed and shaped the world. Alibabas platform sold 259 billion in goods last year and the vendors were responsible for 60 of all packages shipped in china. Alibaba helped Small Businesses connect to new customers and in turn buttressing chinas middle class, that is the reason investors are pushing for shares, willing to pay more than the amount set by the company. But ma did not want to disappoint shareholders and he wanted them to make money and also wanted to avoid the disaster with facebook. The stocks two hours after the open, carefuling mat inly buyin 92. 70 a share. And showing jack ma as the richest man in china. But his fight to grow alibaba is set after the little guy. The hero i had was forest gump. And i watched the movie before i came here again. For before coming to new york, i watched the movie again, telling me that no matter, you are you, no matter what changes. And im still the guy 15 years ago. Alibaba of course is now far bigger. For nightly business report, im Kayla Tausche in new york. Well, yahoo investors were not as enthusiastic today. Yahoo owns merely a quarter of alibaba but sold 121 million shares after the initial offering price of 68 a share, not at the opening price which went up to almost 93. So no surprise shares of yahoo ended down nearly 3 on the day but yahoo could collect about 5 billion in profits. So should you own shares of alibaba in your portfolio . Lets find out from max wolf, a partner at an investment and Research Firm in new york city. Welcome back, max, good to have you. What do you say . Should i buy this stock if i can get it on monday, tuesday, wednesday of next week . Well, it depends on what your time horizons are, but that is a bit disappointing to answer a question with a question. So what i would say is at 93plus dollars where it sets right now you really dont have much upside here. So we believe that the 93 the company is fully priced to have a fantastic year ahead. Which means you will take a lot more risks than youre likely to get in the upside reward in the next 12 months. We love the company, it will do big things, the price said they already did that and we have to wait and see. So some investors may say, max it had so much momentum today it may hit 100 next week or next month or so and they dont want to miss out on that run. What would you say to them . I would say they could be right. It is the fomo factor in this business, fear of missing out. I would say the following, you have to be at least as frightened getting involved in something, costing money as you are about missing out. In other words, there is huge returns at the casino but you dont go ahead and put the deed to your house on the roulette wheel, even though you know you wont get 361, but what you dont do is lose your house. So what i hear you say is no, it is not a good buy at the price, selling at Something Like 20 tims the numbers on sales can be believed. So there is no fundamental issue you have with the company itself or with the Corporate Structure under which investors are actually buy shares in a Holding Company in the cayman islands. That is not what worries you o that is the question, i do like the company, i believe it has a bright future. So you can not actually buy shares in buy shares in a variable entity. Under chinese law, a foreigner, like the people buying on the New York Stock Exchange cannot buy these shares. So off the coast of the caribbean, off the u. S. Here, you buy shares in that company which has an underlying contractual relationship with alibaba. I do think it is probably okay. Weve seen it about 100 times, only two of those times have blown up. But i do believe because there is extra complication that makes me more sensitive to at least want a bit of a discount or at least not want to pay a large premium. Let me ask you this, max, because i saw your big report on alibaba, youve researched a lot on it. Do you believe this company has the capacity to really keep up this growth rate and to be, and compete against a walmart or ibm even . So it is a great question, and well give our report for mvp, so folks who want it could get a report for themselves, may be a cure for imsomnia, but i believe it will grow into a competitor. However, i think the way the average american will deal with the company is through companies here that they have been buying. Companies like lift, which provides cab or limited type transportation. Kabam, whose online games are played by people. I think well see them have a bigger role in the future here to the business to Business Front where in the retail sales, merchants will buy in bulk in a nice easy way and have those products produced elsewhere brought here and have them sold. Max, thank you of manhattan venture partners. As we continue our coverage on alibaba, the alibaba founder jack ma says the companys growth will be a win for Small Businesses here in the u. S. So how will those businesses see the gains and if theyre the winners who lose his . Kate rogers takes a look. Reporter for some companies, selling products on alibaba has not been as easy as advertised. Will willis listed the shirts he designed and manufactured for the clothing last year on the site. He went to alibaba to get international exposure. What he got instead was an inbox full of spam. I was getting emails like we want to buy 100,000 shirts from you, were ready to purchase right now. Here is our credit card. And it just turned out to not be true. Reporter alibaba founder jack ma calls the site a way for Small Companies to break into the global market, including this line from a marketing video from a companys road show. We help customers find each other and conduct business on their terms. Reporter but willis says the International Opportunities he has had through alibaba have not panned out. And some have even been outright scams. We took the credit card information and even took a picture of their id. And it ended up being a stolen credit card. Reporter but not all Small Businesses have had the same experience with alibaba. For b to b wholesaler Dollar Days International sales have picked up since listing on the site four years ago. The ceo mark joseph says he gets about 80 new International Customers a day from alibaba, most of whom like doing business with the american companies. The interest is, we are u. S. Based giving us a lot of credibility. Reporter now alibaba doesnt break down how many customers it partners with domestically, but breaks down around the globe it it. It has gotten a lot of attention around the u. S. Reporter but that access is not enough to make willis renew his contract with the company. Just do your Due Diligence and be careful. Reporter kate rogers, nightly business report. As for the rest of wall street today, stocks ended mostly higher but not by much getting a lift from the gains at alibaba. And scottish voters decision to remain part of the uk. The dow was up 13 points, and the nasdaq was down 13 points. The s p 500 sort of split the difference losing one, for the week, dow down a point, a nasdaq edging up a little. And huge sigh around the world for scotlands historic vote on the independence keeping the uk united. Now, those that broke away, some say scotland may never be the same. Michelle cabrera has more. Reporter cheers and jubilation at the Campaign Headquarters as the rolls came in. They made a decision by a wider margin than expected, 55 against, 45 in favor. Bagpipes played songs at the square in glasgow. Soon after the results were announced . Voted no to the question. Reporter the newspapers rolled hot off the presses and uk Prime MinisterDavid Cameron addressed the country. The people of scotland have spoken and it is a clear result. They have kept our country of four nations together. And like millions of other people i am delighted. As i said during the campaign it would have broken my heart to see our United Kingdom come to an end. Reporter the Financial Markets breathed a sigh of relief, shares of scottish banks like the royal bank of scotland reacted sharply and the british pound reacted positively, too. The scots were mixed in their reaction. Passed, all for it, we look to the future and hopefully everybody acts like grownups and well hopefully make these changes that the government promised they would make. Was a yes man. It is definitely good, though, again. Should be on the ballot, people, but it wasnt. So lets hope for the best. Reporter although the scots voted to stay in the uk the uk will unlikely ever be the same again. Before the vote, Prime MinisterDavid Cameron promised the scots if they voted against independence they would get more control than ever on their financial affairs. He voted to deliver on it and said that all the nations of the United Kingdom would get the same powers. To justice, scotland will vote separately and the Scottish Parliament vote separately on their tax, spending and welfare, so too, will england, as well as wales and Northern Ireland will be able to vote on these issues. All of this must take place in tandem and with the settlement of scotland. The uk conceding control, in order to maintain control. Still ahead, now that oracle has coceos, are two heads better than one running the company . The answer may not be what you think. Mixed news about jobs, the Labor Department says that 35 out of 50 states added more jobs in august but the Unemployment Rate rose in 24 states that same month with so many more americans looking for work. Georgia reported the nations highest jobless rate at 8. 1 , the lowest north dakota, thanks to the States Energy boom, just 2. 8 . And investors are trying to figure out what the new Management Changes at oracle mean for the software giant. As we reported last night, oracle cofounder Larry Ellison is stepping down as ceo but staying on as executive chairman and chief technology officer. Also the firm named two of ellisons company as ceo. So are two heads better to run a company . Mary thompson has more. Reporter after 30 years in the pilots seat, oracles ceo Larry Ellison will be replaced not by one, but two of their wing men, coceos are rare in Corporate America and if the arrangement works experts say it is because the division of labor is clear. As copresident of oracle, 52yearold saffer katz ran finance, while mark herd ran science elements. Their roles will be the same. Ill continue doing what i do for the last several years and they will continue what they do over the last several years. Reporter still, the history of ceos successfully sharing titles are mixed. Companies only do this on very rare occasions. If there is some degree of a board battle, or a transition, or if something is taking place or if they grew up together like goldman sachs. And frankly at goldman sachs, one of these coceo arrangements didnt work. Reporter that would be when paulson pushed out his coceo. And when travellers merged with city corp to form citigroup, a power struggle followed with him pushing reid out. It can coexist if they share values or a name. Richard took over as the sole smuckerss, and while some dont like the powersharing, some move with the growth. Reporter and others were not coceos, but they got google off the ground. John mackie founded whole foods and then brought in walter rob to help run it. And there was a rare example of two cooks in the corporate kitchen, creating a recipe for success. For nightly business report, im mary thompson. Smith klein gets handed the largest corporate fine ever in china. That is where we begin the focus. The drugmaker was found guilty of bribery, and the court said the subsidies to doctors and products amounted to thinly veiled bribes. Shares of caterpillar taking a hit, reporting that dealer sales fell 10 globally, and in august, way down mostly by a sharp sales decline in latin america. The Mining Equipment maker has struggled recently for weak demand closing off plants and laying off workers, stock at about 2 at 102. 51. And german siemenss, earlier this week, the Swiss Company said it was in talks about a possible deal. So this new bid could derail that merger, shares of dresser ran about 9. 5 to 79. 91. And another company with a deal worth 7 billion, concur makes software to help employees manage expense accounts, the deal is to expand into the travelrelated software for hotels and tourist businesses, shares fell to 73. 97, but concur spiked more than 17 to 126. 82. And u. S. Sanctions in russia over the situation in ukraine impacting the oil. They will stop drilling in the russian arctic, in order to comply with those sanctions. Now drilling had been planned to stop next month ahead of the arctic winter anyway. Our market monitor didnt get swept up in all the frenzy for alibaba today. He is vice chairman and Portfolio Manager at aerial investments. Good to have you on the program, charlie. So you were not buying aliologu well, you cant buy shares in alibaba, it is a Holding Company that has a contractual agreement that the Chinese Government has set up. But in fact the chinese are famous for not respecting contract rights and the rights that come with normal corporate governance, so were very skeptical of this company, the chinese are full of Companies MakingGood Investments with 40year leases only to have the leases torn up when they look too good for the american investor. Lets talk about companies you actually do like starting with the first pick tonight. And that is Western Union with a target price of 23 a share. Were Value Investors and believe the one thing that works in the stock is buying things others dont like when it is trading cheap. Western union is trading, people are focused on the iphone, that is only 8 of Western Union business, the rest of the business is crossborder. And you likelying for value stocks, you like Stanley Black decker, swk, what do you like about it . What is the target on the stock . Most stocks in housing are trading at big levels because Everybody Knows they will improve to more of an historical average of a million five. When that happens, the construction workers use dewalt tools, you and i will buy black decker. So you like tools, telegraph company, and another old school pick. It is ibm. Absolutely, an out of favor name that people love to hate but in fact ibm is on the forefront of big data when governments and companies are trying to take advantage of all the data that they have today. Ibm is absolutely a leader in that cloudbased data analysis. The watson computer that keeps winning jeopardy is just an example of what theyre doing with big data. They will be a very big Successful Software company in the future. Charlie, as a Value Investor is it hard to find value in this market . That is a good question, it is harder, that is for sure. Three or four years ago we were looking at these kinds of companies. There were lots of companies, now the average Quality Company is more like 16. So i would say the market has gotten priceyer, a little bit above fair value but still really cheap relative to bonds. You know, several things got taken off the table this week. The fed, scottish independence, now alibaba. Quickly, for the rest of the year is it green light for stocks, yellow light, red light . Lets call it yellow light. We have had a wonderful run for the last year, things have been very good i think they will be good. Lets call it high single, double digit low returns for the next 12 months. Charlie, thank you for joining us, have a great weekend. With aerial investments. And coming up, what thousands of people across the country stood on line to get, some for hours, others for days, was it worth the wait . There is a brandnew cadillac in the works, gm will begin to build the allnew highend luxurious car next year at the Detroit Assembly plant, where they put together other autos. It will be a new rearwheel drive sedan. That is still a secret with the name. And coming out in the thousands today looking to get their hands on the allnew smartphoneplus and smartphone 6. Josh lipton has more. Reporter from new york city to chicago. To palo alto, california. At 8 00 a. M. Local time the wait was over and the iphone6 and 6plus went on sale. More than 4,000 people gathered outside apples new york city stores. The lines, the flagship location on fifth avenue stretched ten city blocks. Some had even been there since labor day. And Companies Like mcdonalds were cashing in on free publicity handing out sliced apples to weary iphone groupies. But the big winners were folks like andreas gibson. This has been kind of fun. Reporter at the palo alto store, ceo tim cook made a surprise appearance and shook hands and selfies with people who lined up to get the new phones. When asked if he was using the iphone6 or 6plus, cook said . Both, im lucky. Reporter now, demand is going for these new iphones. Apple said the preorders reached 3 million in just 24 hours. And analysts say apple could sell 10 million iphones just this weekend. Josh lipton, nightly business report, palo alto, california. Well, you know, tyler, i got my iphone but i preordered. I was one of the four million. You have it now . I could be getting it in four weeks, i am glad i didnt stand in line. And im an android guy. That is it for us tonight, im susie gharib, thank you for joining us. And im tyler mathisen, we hope to see you back here on monday. This is bbc world news america. Funding of this presentation is made possible by the freeman foundation, newmans own foundation, giving all profits to charity and pursuing the common good for over 30 years, kovler foundation, union bank, and beijing tourism. For 150 years, we have believed commercial banks owe their clients strength, stability, security. So we believe in keeping lending standards high, capital ratios high, Credit Ratings high. Companies expected it then. Companies expect it now. Doing right. It is just good business. Union bank