Chairman and founder after that stubhub cash deal from ebay. Five years ago, alibaba pulled off its biggest ever ipo on wall street today, the biggest share sale in hong kong in years. The listing is being seen as a triumph for a stock exchange. It comes as prodemocracy protest have gripped the city for weeks. Joining us from washington, john freeman, Vice President of Equity Research at cfra. If you look at the company raising an additional 11 dollars, where do you see that use of in terms of that cash . John it will be interesting to see what they do. I think that brings them to about 43 billion in total, 21 in net cash. I would like to see them invest more heavily into the Cloud Business which is a percent of revenue now, it was growing 64 yearoveryear growth in the last quarter. We have seen this movie before, how the Small Business scales with amazon. 12 of revenue, 70 of profit. As it crosses the breakeven point soon and they can offer additional services, i think that would be a
Thursday morning. Today toal bank meets discuss policy. Expectations are that it will update the forecast for inflation, and giveve investors clues as to whether it will change easing program. Investors will be listening closely to any comments from mario about the slowdown in china. Hans nichols joins us now from berlin. The morning to you. What are we listening for . Hans if mario starts off his press conference in mandarin, you know it is a bad sign. But what were really looking for are two things. What do they do . Expectations, if they do change, what sort of pants will there be for what they may do . They could maybe talk about hinting clues, extending it beyond september 2016. When you look at expectations, the big question is how are they going to factor in the lower price of oil. When we saw they did in june, when they had expectations for 0. 3 . Look at a price in june, the price of oil they were thinking of about 63 a barrel. They hit all the way down to 43 a barrel last mon
Taking taking hold in mariupol. And trying to entice children abroad back home the u. N. Special envoy is in turkey trying to secure opposition support for a freeze in fighting in aleppo. The Syrian Government has agreed to suspend air strikes and shelling on aleppo for six weeks. Hampering a potential deal are i. S. I. L. Fighters around aleppo. They are unlikely to observe any ceasefire. The Al Qaedalinked al nusra front is an obstacle. Dismissing the u. N. Proposal as a conspiracy allowing Syrian Forces to launch more assaults. Theres a disconnect between the Syrian Opposition and fighters on the ground. If politicians are a good plan opposition fighters may not comply. Zeina khodr is in beirut. Talk us through the plan and what is on the agenda. Well he ha been trying for months to get the wars sides to agree to a truce in aleppo. He calls it a freeze in fighting. He wants to reduce violence. Ease the suffering of the people allow aid to reach the city. There has been little progre
Whos there. Live from cnn World Headquarters in atlanta, welcome to you, our viewers here in the United States and around the world, im kim brunhuber. And this is cnn newsroom. Cnn and other news organizations have now confirmed some of the shocking allegations in the atlantic magazine that u. S. President donald trump privately denigrated american war dead during a trip to paris in 2018. The president and his allies have insisted the allegations are false, but a former senior trump official confirms to cnn that the president spoke in crude and derogatory terms of u. S. Marines who died in world war i and are buried near paris. We get more from cnns Jeremy Diamond at the white house. Reporter well, the white house is still reeling from this report in the atlantic magazine that President Trump referred to american soldiers who lost their lives in a critical battle in world war i as losers and suckers as he was deciding not to attend a ceremony at a cemetery where some of those war dead
Pandemic. Local businesses in hawaii say they may not survive long enough to see guests return. Businesses fear the worst. Welcome to you, our viewers here in the United States and around the world, im Kim Brunhuber. This is cnn newsroom. Now we will have those stories in a moment, but first were following breaking news out of the u. K. Police in birmingham, england, have declared a Major Incident after reports that several people have been stabbed. Police say theyre not speculating at this point on the cause of the incident and details are scarce at the moment. We dont know how many people have been injured or how serious the injuries are. West Midlands Police say Emergency Services are on the scene and we will have more details as they become available so stay with us for that. Cnn and other news organizations have now confirmed some of the shocking allegations in the atlantic magazine that President Trump privately denigrated war dead in a trip to paris. The president and his allies