I see a letter and i want it to be black and no colors that i want to turn black i see the girls standing there in their summer clothes i have to turn my head until my darkness goes good thursday morning. Welcome the squawk alley. Kayla tausche is live for us at 1 squawk alley and shes han a exclusive with jack dorsey on the closing bell, and meanwhile jon fortt and myself at post 9 and Henry Blodgett ceo and finder with insider h, and a lot to to get with us. And start with the alibaba shares after the revenue jumps 39 helped by the gross merchandising value, and that is after jim chanos at the sohn conference say said that he is shorting i. We are short. We are short because of accounting reasons, and we have question questions about the met u ricks and real questions on the cash flow, and most importantly, the biggest part of the business which is the fulfillment part of the business delivering the package is unconsolidated on the financial statements, and we dont see how profitable
Driving in Different Directions all at once. You cant accomplish what you could accomplish if you had a consistent mission by all parties involved. You are already seeing it right now with something as simple as United States and the russian in terms of air strikes. Now lets multiply that and find out what it takes when you put boots on the ground. It changes dramatically what can happen. By the way, if things dont play out well, lets be leer about this, people die. Its all well and good to talk about this and generals that want to sit around and flex their muscles and talk about how tough we are, but those are the guys that arent coming back in body bags. You end up at war in a country that you could pretend the problem is lets take a look. Im not suggesting that the russians and the turks are going to go to war. Theyre not. The problem is you dont know how does will if you dont contemplate all of the vacuum that he created in places like iraq. Look at the vacuum that we created in pl
The latest on the ground in paris. Dow hanging to some gains. Largely on the back end of an upgrade. We are waiting for developments in french and paris. French prosecutors expected to have a News Conference at 1 00 p. M. Oorn time to give us some developments, some details on those raids overnight in paris. Michelle caruso cabrera, our chief international correspondent, has been on the scene all morning long and brings us the latest. Good morning once again, michelle. Hello, carl. That raid occurred on this street, the block that you see behind me. An Apartment Building down 300 yards from here where we are. It was a dramatic night for the residents in this neighborhood beginning about 4 30 in the morning they heard gunfire, explosions. It went on for several hours. When all was said and done, seven people were arrested. Two were dead, including a woman who had detonated a suicide vest upon special forces entering the apartment. She killed another man who was in the apartment as well.
Joining us for part of the hour, henry bloget, founder and ceo. Its great to have you. First up, the long rumored deal finally official. Pfizer and allergan announcing. But more importantly, the new combination will allow pfizer to relocate its headquarters in ireland, which has a much lower Corporate Tax rate than the United States. Heres pfizers ceo ian reed on the deal just last hour on squawk on the street. This is a great deal for america. It allows us to continue to sustain an investment of approximately 9 billion mainly spent in the United States. We have 40,000 combined employees in the United States. So i think its, you know, its a great deal, im very happy to be announcing this deal. I know you have a lot of thoughts on this deal, but the fact that headquarters will now be in ireland, is that just a formality in your opinion . Of course its a formality. The way we decide where companies are based is absurd. Most companies are based in delaware in the United States. Its just a
Markets typically respond to rate hikes and whether this time will be any different. Obviously weve heard how the playbook usually goes in this time. Look, the fest rate hike usually is absorbed okay by the stock market. Theres that old saying, you know, three steps and a stumble or three jumps and a stumble. I have been focussing on the fact that in general were farther along in economic and the market cycles than we typically are when we get to the first rate hike like so many others things. This element of this cycle is different. You have Profit Margins that have already been higher and profits have been falling for companies. Obviously stocks are somewhat more expensive. Were actually down a couple of . I hi a lot of this kind of fouls the picture a little bit in terms of whether history can be a decent guide as to how the markets deal with this. You make the point that unless some if no immediate rupture occurs, posthike, you might see some buyers come in and you decide the water