Reasonable, but i dont buy it i i cant plug in the same numbers that they are plugging in but these are really smart people over at mkm, mel. You and i both respect their work a lot, but i think were going to see apple top 1 trillion long before alibaba does, and then i think it will be another American Company that comes right on their heels you mentioned facebook and microsoft. They are both close, and i think boast those could also beat alibaba. In terms of the numbers mkm makes the argument that the 720 multiple by 720 and heres the kicker, they point out, pete, that alibaba has hauls blown away consensus forecasts and thats why they seetrillion fo them first. And i tend to agree with jon. I think apple actually gets there first but i think alibaba is right on their heels. I think they are second, and they have a great opportunity. When you look at the Growth Numbers that you just cited and some of the ideas of what they have done in terms of acquisitions of late, including in the
Were talking about geopolitics and it was another example of how that are so many cracks in the overall system and these are not necessarily great times. Time to introduce bloombergs editor in chief. Thank you for joining us. David you always been a note of optimism. Matt i will disappointed today. Stephanie i think we need to get to some news first. David we go to our first word, and bonnie quinn. Bonnie heavily armed police raided in apartment today searching for the suspected mastermind of the terrorist attack. When it was over, two people were dead, and seven were arrested it is not known if the elected ringleader was among them. It took place in the suburb of far from theot soccer stadium or one of the attacks took place. Last night, to air france theyts were delayed after received anonymous threats. One from los angeles landed in Salt Lake City the other was diverted to halifax, canada. No threats were found in either flight after searched. Is not hisl says it time. He dropped ou
Anybody on board why bother having the meetings at this point . Its a great place. I dont think they want to pay for the hotel room at this point. Our colleagues caught up with a member of the saudi royal family earlier today. Well bring you that in a few minutes. First lets talk about the goldman call on crude. The firm is cutting its forecasts. Its one month view is 38 barrel. Thats a significant decline and thats a fairly short time measure. Theyre saying 38 within the next month. A decline of 7 off the 45 its sitting at right now. The 12 month target is down to 45 barrel but goldman says the risk is that oil could fall as low as 20 barrel. They say that risk is rising. Among the reasons, a big sur plus of oil with the scarcity of storage space. In fairness its a differ guy. That was the super spike. All right. Equals, 300. No, wait a minute. All right. No, thats the wrong okay. 20 we think its going to 20. It was a different guy. But wasnt it 2007 right before i dont know. It was l
Would be a good start. Lets get to our road map and start things off with the markets. Extending yesterdays losses, disappointing Economic News and air strikes in syria are setting the tone for the morning trading. Also weighing on the market, the Obama Administration makes its move to counter inversions. The rising trend of American Companies leaving for lower taxes. Shares of takeover targets such as medtronic, shire and abbey are moving this morning. We may be getting closer to two large transactions. Allergan is in advanced talks to make its own deal to defend off valiant alachemann. Alachemann is already redding to sue. Yesterday nasdaq posting its worst sessions since july 31st. Dip ing dipping to a 2014 low. China rose slightly. You have the u. S. And arab allies launching attacks against islamic militants in syria. President obama due to make a statement on the u. S. Strategy against isis later this morning. Coming up at 11 00 a. M. Eastern, becky quick is going to interview fo
Monday and mild upside in the markets this morning. Our road map with market highs, record close for the s p, futures pointing to that higher open. Caseshiller the data point today. How the sausage gets made, deals lost and launched. The latest, pilgrims pride unveils a 6. 4 billion offer for hillshire brands. And rosie the robot meet mac the computer. Apple set to unveil jetsonlike software for a smarter home. Your iphone coming soon as a Remote Control for your life. But first up, futures on the rise as each of the three major indices did enter the shortened trading week for the year. S p set to open at an intraday high closing above the 1900 level on friday as the u. S. Markets turned in their biggest weekly gain in over a month. After all the nashing of teeth this month, jim, dow and s p are on track for four straight months of gains. Were hanging on by a thread. Many people who came into this month thinking the earnings werent that good, a lot of fear built up, there were many siz