We start off with alibabas largest shopping today in the world, last year they grossed 18 billion. Eunice yoon is in the middle of the action in shanghai, hi, union i eunice reporter this number could go as high as 24 billion after this whole 24hour period ends singles day, as you know, started as this antivalentines day, for lonely hearts but 2009, alibaba transformed it into this shopping extravaganza, inviting alisters like Nicole Kidman to come to the festivities. It was really unprecedented so far this year, 60,000 International Brands in total, 7,000 american ones. And in terms of which American Companies are turning out to be the bestsellers, apple, nike, new balance, the gap, and estee lauder also the u. S. So far is the second bestselling country to Chinese Consumers. Now, all the talk is not only about sales but alibabas initiatives to try to transform the whole retail landscape alibaba believes the Chinese Consumer is about to change the way they shop. Thats one of the reaso
Is in georgia, and has become the most expensive house race in history. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Emily im emily chang and this is bloomberg technology. Played hisjack ma trump card. The alibaba founder delivers on a promise made to the president to create one million jobs in the usa, starting with Small Businesses in detroit. Plus, the inside track on the trump administrations plans to protect. Insight from the founder of code of america, who was in the room alongside techs biggest heavy weights for the first meeting of the technology council. Tipping point. Why they found it was time to finally reward passengers for service. First, alibaba is pulling out all the stops for u. S. Business entrepreneurs. They are kicking off a two day event in detroit, michigan right now, drawing in thousands of u. S. Business owners and aiming to learn how to succeed in china through al
Is in georgia, and has become the most expensive house race in history. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg. Emily im emily chang and this is bloomberg technology. Played hisjack ma trump card. The alibaba founder delivers on a promise made to the president to create one million jobs in the usa, starting with Small Businesses in detroit. Plus, the inside track on the trump administrations plans to protect. Insight from the founder of code of america, who was in the room alongside techs biggest heavy weights for the first meeting of the technology council. Tipping point. Why they found it was time to finally reward passengers for service. First, alibaba is pulling out all the stops for u. S. Business entrepreneurs. They are kicking off a two day event in detroit, michigan right now, drawing in thousands of u. S. Business owners and aiming to learn how to succeed in china through al
Travis kalanick is out as investors try to move past scanda scandals jack ma on why globalization is good david will sit down with him Martha Stewart shares her take on the state of retail the media mogul is going to join us live. First up, Travis Kalanick is out as ceo of uber bill gurley this morning, big investor in uber said books will be written about kalanicks entrepreneurship and few have changed industries the way he has. Yeah. Adam lashinski wrote a fantastic book fortune writer that came out four weeks ago about kalanick had he to break billions of eggs to make a couple of really fabulous omelets its almost as if i dont want to say his job was done, but i would say that you got in there and it wouldnt be so bad to have a more a lesser addict story. Personal tragedy you have to weigh this i think obviously the people got an image of what the company was like inside that was a little bit distressing. Listen, this guy did it. And i dont think theres enough good being said. I kno
Julie has been keeping an eye on all the movers. Julie right now, we are seeing it come up a little bit. The dow was only off by 16 points but nonetheless we see it hold onto gains earlier. Were not on track for another record fall with declines across the board. What is going on . The groups on the move, much more red on the imap. Financials of the worst performing Group Contributed to the declines. Tech one of the biggest laggards right now. Citigroup, turned the lower after initially opening higher. Revenue matching estimates. Weaker than expected results in consumer banking. Wells fargo matching estimates but reported some weakness in mortgage banking, a large part of the overall business. That is contributing to the declines overall putting pressure on the financials. We are also watching the travel stocks. No suffering from a downgrade. Delta air suffering from a downgrade. It is weighing stocks overall. Shery ahn how did the retail sales data affect the dollar . Julie we had Con