Fund in infrastructure. The fund will have a mandate to buy a variety of assets. Goldman plans to complete the fundraising by the end of the first half. Double line capitals Jeffrey Dunlop bought 20 million of puerto ricos junk rated bonds this year. Puerto rico securities have traded at distressed prices for more than a year under speculation it will not be evil to pay it 73 billion of obligations. A group led by tony ressler winning the bid for the nbas Atlanta Hawks according to a person with direct knowledge of the matter. The sale price was 730 million the secondmost ever paid for an mba team, behind steve over pars purchase of the los angeles clippers. The person requested anonymity because the sales process is tried it. We have less than an hour to go until the close of trading. Scarlet fu has an overview of the trading. Scarlet you have u. S. Stocks within spitting distance of a record high. 5 shy of matching it personal best set on march 2. The earnings we will be bringing you
About alibabas ability to up international revenue. Chairman jack ma Just Announced a hiring freeze. There are concerns about their relationship with the Chinese Government, which said they are saying alibaba is not doing enough to crack down fraud on the site. I spoke with the new Ceo Daniel Zhang, a former accountant, who went from cfo to coo and now ceo. I asked him what he plans to do differently and when alibabas Management Team will stabilize. Daniel we changed the leadership in our fields. We believe that today is the right time for us to bring the young generation to the leadership. As you know, alibaba this is a long journey. We need the young generation to participate in the leadership and lead the company to the next part of journey. Emily how will you bring more talent into the leadership and management roles . Daniel today if you look at our key Business Units and all the leaders are out of 1970s. Were also trying to bring more and more 1980s, 1985, 1990 young generations
Fourth Quarter Report where revenue was up 45 . There are lingering concerns about their ability to up international revenue. Chairman jack ma Just Announced a hiring freeze. They are saying they are not doing enough to drak crack down fraud on the site. I spoke with the new c. E. O. Who went from c. F. O. To c. O. O. And now c. E. O. I asked him what he plans to do differently. We changed the leadership in our fields. We believe that today is the right time for us to bring the young generation to the leadership. As you know, alibaba this is a long journey. We need long generation to participate in the leadership and lead the company to the next part of journey. Emily how will you bring more talent into the leadership and management roles . Today if you look at our key Business Units and all the leaders, out of 1970s. Were also trying to bring more and more 1980s, 198 5,1990 young generations to the middle class level final throy the leadership level. We believe this will be the founda
Get out of this once hot group or a buying opportunity . We ask it every time it sells off. Panera bread getting rid of more than 150 artificial ingredients in its food. Will this move force the company to raise prices . Ceo and cofounder ron shaich joins us in a first on cnbc interview. Lets take a look at the Market Action right now. Red arrows across the screen. S p down more than 1 . The dow down more than 150 points. The nasdaq down 1. 5 . Clearly stocks have broken the twoday winning streak. I want to take you to a live shot of post six on the floor of the New York Stock Exchange. Theres can kenny polcari. You have a sizable crowd developing there. Thats where salesforce trades. There was a rumor in the market for the last week or so. People speculated on names like microsoft, oracle and ibm. Jim cramer said at the time this was all going down its got to be microsoft, its got to be microsoft. If it was oracle it wouldnt be a good fit. Culturally there was a difference between tho
The company turned a 464 million profit. There are lingering concerns about alibabas ability to drum up international revenue. Chairman jack ma just announce a hiring freeze and there are concerns about the relationship of the Chinese Government which says alibaba is not doing enough to crack down on fraud. I spoke with daniel jong, a former accountant and now ceo. I asked him what he plans to do differently and whether the Management Team will stabilize. We change a couple of leadership. We believe that today is the right time for us to bring young generation to the leadership. Alibaba this is a long journey. When he the young generation to be a participant in the company to the next journey. Emily how will you bring more young talent . Although leaders are from the 1970s. Were trying to bring more and more 1980s and 1990s, the Younger Generation to the middle class level and finally to the leadership level. We believe this will this will be the foundation for future growth. Emily jac