First, to our lead. Shares fell to a record low. Declining 10 after sales climbed up the smallest pace in three years. We spoke with the ceo and asked how concerned he is. Guest people come here not only for specific purpose. They come here for lifestyle. We are confident for the longterm growth. We will continue to closely monitor the Consumer Behavior and chinese economy as a whole. Ceo tothat was the discuss. Spencer ame now, bloomberg who covers amazon and alibaba. And the director of stanford university. Im going to start with you. He expressed confidence in the u. S. Consumer. Should we have that much confidence giving everything that is going on . Guest i have spoken to him, met him. He is a true soldier. What is he going to say . We are well positioned to keep doing what we are doing. There is definitely volatility in the market. Having said that, growth is 34 . It is fine. Overall it is ok. Shine it seems that the has worn off of ali baba. I wonder how much is perception and h
All that is ahead. First, to our lead. Alibaba shares fell to a record low, declining as much as 8 . Declining 10 after sales climbed up the smallest pace in three years. We spoke with the ceo and asked how concerned he is about a broader slowdown in the chinese economy. People come here not only for specific purpose. They come here for lifestyle. We are confident for the longterm growth. We will continue to closely monitor the Consumer Behavior and chinese economy as a whole. We are confident for growth. Emily that was daniel zhang, ceo of alibaba. Spencer ofe now, Bloomberg News and the director of Stanford Universitys annual china 2. 0 conference. Zhang expressed a lot of conference in the u. S. Consumer. Should we have that much confidence giving everything that is going on . I have spoken to him, met him. He is a true soldier. What is he going to say . Hes going to say, focus on the longterm. There is definitely volatility in the market. Most volatility occurred in june. Having sa
Shares fell to a record low. Declining 10 after sales climbed up the smallest pace in three years. We spoke with the ceo and asked how concerned he is. Guest people come here not only for specific purpose. They come here for lifestyle. We are confident for the longterm growth. We will continue to closely monitor the Consumer Behavior and chinese economy as a whole. Emily that was the ceo to discuss. Here with me now, Spencer A Bloomberg who covers amazon and alibaba. And the director of stanford university. Im going to start with you. He expressed confidence in the chinese consumer. Should we have that much confidence giving everything that is going on . Guest i have spoken to him, met him. He is a true soldier. What is he going to say . We are well positioned to keep doing what we are doing. There is definitely volatility in the market. Having said that, growth is 34 . It is fine. Overall it is ok. Emily it seems that the shine has worn off of ali baba. I wonder how much is perception
Worldwide exchange. Im sara eisen. Im wilfred frost. Lets check in on the Global Markets this morning. Some strength early in the premarket action after yesterday couldnt hold the gains. Dow futures are up nice 80 points. S p futures up 13. 5. Nasdaq futures are up 41 points. Ten year treasury note yield falling some disappointing numbers on Industrial Production an ahead of the Consumer Price index. Ten year yield backing off from that 1. 80 level. 1. 77. We saw a jump in yield in the past month or so but off those june highs. In europe uk inflation tick up to the highest annual rate since november 2014. European shares trading higher significantly as you can see over 1 . We were down yesterday by about three quarters of is so a little bit of a bounce back there. Uk inflation data something to dive into more deeply when we see the currency moves. Asian trade also strong, started off a good risk on trade for the day as a whole. Hong kong and shanghai up 1 . 1. 5 in fact. Lets go the Br
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