Trouble with selling a world Famous Treasure trove want to do the dressed in themes in mind for their priceless jewelry heist. But come to do your business live from berlin i want to get jones good to have you with us starting with a blockbuster i p o shares in chinese ecommerce giant alibaba has surged in its hong kong trading debut in what is one of the years most anticipated stock offerings the company which is already traded in the United States raised more than 11000000000. 00 in its 2nd realistic shares of alibaba surged more than 6 percent in the 1st few minutes of trading on about us offering is a huge boost for the Hong Kong Market which has seen business slow amid the ongoing and partly very violent prodemocracy protests. And as were in the region already lets talk about chinas role in the current a bit coin decline the much hyped crypto currency has fallen to 6 months low partly because china has announced plans to take a harder stance against cryptic currencies in general b
A look at that and they think they could get a good price so they might as well sell so if alibaba has such good momentum behind the stock why this market valuation half that of amazon when currently they do even more business more revenue that even up higher than amazon already. Well its hard for anybody to have a valuation is high as i was on i mean theres a lot of speculative money thats in that stock and im sure one of these days its coming back down to earth i just dont know when that is. So now peter lets go back on to the domestic front we have come thinking reports and sentiment yet again from china and the u. S. The mood in beijing right now is increasingly pessimistic as trump refused to scrap tariffs dampening hopes for a resolution the u. S. However seems more optimistic with the markets today and larry kudlow we entering yet again that they are getting close so why are we getting the conflicting reports here. Well 1st of all i think the chinese are actually posturing for a
A general competitor in United States i mean we can produce enough of our own oil we are no longer held hostage by opec around or saudi arabia so theres a whole bunch of things that could be created this by the end of the day i mean who couldnt use the extra 2627000000000. 00 laying around and just to put it back and flush around the markets i mean you know to me its just easier for them to do so and it doesnt cost them anything and again we know that their profits are really there. All right peter lets look at this in the other current reigning i. P. O. Leader ali babas also planning the secondary h. K. Listing hong kong listing they could raise 13800000000 so its a trade november 26 why do you think theyre looking at this secondary listing now. Well you know its an old saying on wall street that you feed the ducks when theyre quacking and i think thats what theyre doing right now and you have some markets making record highs you have some special demand for the right issues not alway
Schiff c. E. O. Of Euro Pacific Capital and Todd Bubba Horowitz chief strategist above the trading so lets start off with you it seems like the only way that saudi aramco can sustain its nearly 2 trillion dollars valuation is by artificially buffering it from the Global Markets and offering a sweetener to investors in the form of local banks making loans available for the sole purpose of investing in this i. P. O. So what is the purpose of this anyways they dont need to raise any more money its already the worlds most Profitable Company and its previous goal of getting a rambo circulated and diversified outside of this region seems to be a moot point if now theyre limiting it to the only domesticity best years so why go i. P. O. Now. Do we do we know they dont even want to i mean do we know theres a role for a little gumby in the world i mean i think a lot of questions and what the real details are and im not saying theyre not im saying theyre coming youre bringing this idea to market
More business more revenue that even up higher than amazon already. Well its hard for anybody to have a valuation is high as i was on i mean theres a lot of speculative money thats in that stock and im sure one of these days is coming back down to earth i just dont know when that is. So now peter lets go back on to the domestic front we have conflicting reports and sentiment yet again from china and the u. S. The mood in beijing right now is increasingly pessimistic as trump refused to scrap tariffs dampening hopes for a resolution the u. S. However seems more optimistic with the markets today and larry kudlow we had already yet again that they are getting close so why are we getting the conflicting reports here. Well 1st of all i think the chinese are actually posturing for a negotiation you know if youre negotiating with with somebody you dont want to admit that youre close to a deal you want to say that a deal is far away because that way you can try to extract more concessions from