Of stocks, we will start. Stephen cofounder and group ceo daniel zhang. Everybody has a big chance to go digital, but people need to change. Stephen three leaders driving alibaba the global disruptor. Stephen it was a humble beginning as they cofounded alibaba in 1999. Few chinese were even connected to the world wide web, but enthusiasm bubbled abroad and alibaba wanted in. When the tech bubble burst, many plans were put on hold. When an alibaba employee was expected of contracting sars in 2003, Senior Executives were quarantined, and that gave birth to their best idea to date. It drove ebay out of china and led to the single day shopping extravaganza and the world meeting the new ipo in 2014 and the launch of many new businesses, including aunts financial. Much like bloombergs set up for the interviews, the rise of alibaba has been no small feat. Good to see you again, jack. Stephen and its next steps may be even more demanding. I think the challenge is getting bigger. Much bigger th
To 20 . The corporate rate is said to be cut 20 . They are trying to clear the skies, they are trying to bring Digital Payments to hong kong. Also, 4000 outlets. Getaad 29 minutes until we this out of china. It is industrial profit news. This is 1094. This is the middle of last year. March of last year. The important question were asking today is is the turnaround the supplyside reforms. We have seen exit capacity been removed on the system. We have also seen inventory overhang being reduced. There has been a rise in metal prices that are driving a stronger profits. The view from Bloomberg Intelligence is that it is mainly the latter. It is causing this demand and the rise in metal prices. That is what we have. Haidi the bigger the interesting this is a particularly Interesting Data point. Ass translates to the same what the earnings are going to be. That is looking a little shaky given that we have seen that reflation story on the factory gate. The have seen it stumble a little bit. T
Ma. Cofounder and group ceo daniel zhang. Everybody has a big chance to go digital, but people need to change. Three leaders driving alibaba the global disruptor. Stephen it was a humble beginning for jack ma as they cofounded alibaba in 1999. The chinese were even connected to the World Wide Web and alibaba wanted in. Alibaba employee was expected of contracting sars in 2003, Senior Executives were quarantined and that gave birth to perhaps the best platform today. Which growth ebay out of china and led to the single day shopping extravaganza and the world meeting the new ipo in 2014 and the launch of many new businesses, much like bloombergs set up for the interviews, the rise of alibaba has been no small feat. And its next steps may be even more demanding. I think the challenge is getting bigger. Much bigger than the early days. The early days is the fun part. When we competed with ebay, when you see the sars, theres a lot of things you can learn from the other guy, the other compan
Welcome to squawk alley, im carl quintanilla, john fortt, sara eisen at post 9 with reaction from the interview with flannery thanks for spending extra minutes with you david faber, our colleague, is commended for doing exactly what hes done all his career, asked all tough questions. I was impressed with mr. Flannery, very impressed he did a bill parcells, Bill Belichick thing. He didnt need to tell you how bad it was and how the previous coach didnt do a good job hes focused on the future he used words i have said to him, you know, horrible, horrendous he was much tougher on ge than i was, and i commend him for that. And he will say he is underpromised that doesnt mean he can overdeliver initially, but i was very pleased i thought he killed it, frankly, i thought he killed it, and he made you feel that this was going to be a new broom sweeping clean, and i think thats just what has to happen, but Going Forward were going to speak about flannerys ge, but he has to take some tough actio
Will for the first tax revamp in three decades. Rishaad alibaba sales rising 61 , adding 250 billion in market value this year alone. Haidi trade, security, and north korea, President Trumps agenda as he packs his bags for asia. Rishaad im sure hes packing his bags right now. Regiontries in the asian , having a look at what is going on. I want to get to the fulcrum of why he is visiting. It has always been about trade. 4775. S chart there we go. That is the problem here. Japan, south korea, taiwan, philippines amongst others and one of the concerns is the trade imbalance. The red indicates how bad the deficit is with china, growing and growing since 1997. Looking at south korea and yellow, it has not gotten that much larger. Right, thats a look at some of the challenges. He wants fair trade, that is what he is saying, for the u. S. Not to have such a huge deficit. Good trade,trade, better trade is the way it has been framed. We will be watching for that. Also a look at nonfarm payroll