let s get some of the day s other news. the shares of china s tech giant alibaba are falling by as much as 10% in hong kong, after the firm said its annual revenue would grow at its slowest pace in almost a decade. slowing consumption in china hitting alibaba s second quarter results which missed expectations and a regulatory crackdown also not helping. revenue rose 29% in the september quarter, missing analysts estimates. it was the slowest rate of growth in six quarters. the japanese prime minister says the government will compile a fresh stimulus package with spending worth around 56 trillion yen that s m90 billion. the government will compile an extra budget by the end of this year to fund the stimulus to deliver necessary aid to the public quickly, he told a meeting of government and ruling
coming and joining us. secretary mnuchin, ivanka, and members of the administration. i am grateful for your support today and getting us here. it would not be possible without the spirit of what you are seeing here is the product, mac pro, 15 times more powerful than the original mack. 56 trillion per second, we could not be more proud of the product. it s an example of american design, american manufacturing and american ingenuity. we want to thank everybody for coming, and one other thing. this morning we also announced a
gates and warren buffet that have done the billionaire challenge. how much will you give away and make a commitment and do it. there s $1.56 trillion in student loans. these not enough. the other problem is, the creditors have to be paid. you can t wipe it out. not say screw the creditors. i don t want young people to feel the burden but you have the morale hazard. you took out the loan, you have to pay for it. look at purdue university. former governor mitch daniels has figured out a way to hire good people. you want to hire emily? she s going to graduate in two years. you re going to put forward 60% of her tuition. great. sign a contract, emily you have to work there two years. might be a good relationship. the other thing is companies willing to pay for your student
bread. you re talking about horrendous levels. i m just curious. did they offer advice on where to invest your money to protect? no. that is the scary part. if thank you look at numbers we ve gone from $5 trillion in debt to $14 tril yichblt and now, concurrently, though, if you look at debt in this country it s gob from $20 billion, $20 trillion to about $56 trillion. and so the prescription offered out of washington first with cash for clunkers and rebates on houses. you name it. throw money out there. then, you know you had bernancke say let s just flood the system with money. neither one was working.
this country it s gob from $20 billion, $20 trillion to about $56 trillion. and so the prescription offered out of washington first with cash for clunkers and rebates on houses. you name it. throw money out there. then, you know you had bernancke say let s just flood the system with money. neither one was working. irvin fisher studied the great depression and said, you know if you can have a balanced sheet driven veegs. think think this is inventory driven recession. you throw a little money, this is a balance sheet driven problem with too much debt, and the only way to get out of the problem is swished debt that. will be pain oofl coming up, more of my exclusive interview with mark sanford, straight head. i m listening to you think