Breakthrough for streaming ervices. First, highlights from the Bloomberg Global business forum, a gathering of more than 50 heads of state and hundreds of global ceos addressing Economic Growth and prosperity. Lets begin with jack ma. Alibaba has seen massive growth this year. Stock easily outpacing other tech giants, and amazon, thanks to sales in china. Here is what he had to say between the comparison between alibaba and amazon. Ack amazon is an Ecommerce Company and very successful and we respect a lot, but alibaba is not an Ecommerce Company. We are an ecommerce enabler, infrastructure builder. As i said, people may not like it, our job is to enable more companies to become amazon. We see amazon is doing a good job, successful. We are telling everybody, you know, ecommerce works. We are not necessarily competing, but investors like to put them as competitors. I spent very little time very little time, how we compete with amazon. Ow we can learn from amazon to be more efficient. On
We will hear from the ceo. Huluso lose big why big emmy wins are a major breakthrough for streaming services. First, highlights from the Bloomberg Global business forum, a gathering of more than 50 heads of state and hundreds of global ceos addressing Economic Growth and prosperity. Lets begin with jack ma. Alibaba has seen massive growth this year. Its stock easily outpacing other tech giants, and amazon, thanks to sales in china. Here is what he had to say between the comparison between alibaba and amazon. Jack amazon is an Ecommerce Company and very successful and we respect a lot, but alibaba is not an Ecommerce Company. We are an ecommerce enabler, we are ecommerce infrastructure builder. As i said, people may not like it, our job is to enable more companies to become amazon. We see amazon is doing a good job, successful. We are telling everybody, you know, ecommerce works. We are not necessarily competing, but investors like to put them as competitors. I spent very little time ve
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
President trump facing questions from the side of the aisle over the timing of his decision and his tweets that hinted his conversation with comey may have been recorded. At barricades commend the president should turn them over immediately. To destroy them and be a violation of law. If there are no tapes to me should apologize to james comey and the American People for misleading them. A special prosecutor can look into these states greater republican should be stepping up to the plate in joining us for a special prosecutor. Maria more on the fallout. Rising tensions over north korea. Another missile in his later show of force or the growing fears that the country claims up with an escape boat carrying a Nuclear Warhead. Lyft gets behind the wheel with waymo as they team up for self driving cars creeping up low for uber. The attempt scandal is far from over. New questions this morning the company is facing of the massive front ahead. The number of accounts much higher than we thought.
Run. First, we start off with the brick and slaughter that went down today sinking more than 2 and amazon launches its prime wardrobe program. Nordstr nordstrom, j. C. Penny, chico getting slammed. Could this be the final nail in the coffin for traditional retail. For a lot of them, absolutely we give dan nathan a lot of crude, but you got to give him credit op this one he said the etf, worst chart hes ever seen ch he was right good for dan is it the nail in the coffin for a lot of these folk, yes weve been cyst enter on that. What ive been wrong on has been target i thought they held a huge level. The same low we made in 2014 and it looked like they were in terms of the stock, turning the corner a bit obviously, this thus came out u and its all bets are off. But where would i go i still think target is is interesting. But i think you got to buy it now to break it above 55 some is is just a mechanical reaction to last fridays news a Analyst Community weighing in. You had a bunch of dow