Welcome to worldwide exchange. Im wilfred frost. We are listening to president obama addressing the world summit in beijing. Lets listen in. Americas first trade mission visited china just a year after americas revolution ended. 230 years later we are two of the largest economies in the world. We have benefits of both of our countries. China is our fastest grower export market. Chinese direct investment in the United States has risen sixfold over the past five years. Chinese firms directly employ a rapidly growing number of americans. And all these things mean jobs for the American People and deepening these ties will mean more jobs and opportunities for both of our peoples. And thats why im very pleased to announce during think visit, the United States and chinese agreed to implement a new plan for visas to tourists and businesses large and small. Under the current arangement, visas between the two countries last for only one year. Under the new arrangements, student and Exchange Visa
Target of enrollees by 2017 will now take a little bit longer, perhaps years longer than was earlier projected. A stumble here in terms of obamacare enrollment. Thank you very much. Lets begin with alibaba. Lets take a look at the share prices and how it is fairing right now. Alibaba has been very actively traded and has had an intens rally. The e commerce giant up 70 since the listing back in september. The Company Getting ready for one of the biggest days of the year called singles day in china. Why is that so important . It is the Biggest Online shopping day in the world. Analysts expect alibaba to smash sales record on this shopping day and tomorrows holiday was created by the chinese to celebrate or lament being single but it has turned into a 24hour Online Shopping event. Last year alone alibaba took in nearly 6 billion in transactions just in that one day and that blows away the nearly 2 billion sold on cyber monday. David faber is in headquarters. Sales are piling up here in an
Political and economical damage if russia fails to change course on ukraine. And in an exclusive interview with cnbc, the ceo says italy is announcer youre watching worldwide exchange, bringing you Business News from around the globe. Hello and welcome to todays edition of worldwide exchange. Good morning to viewers in the united states. Were going to kick off with the latest on malaysian flight 370. Authorities set to hold their latest press conference will bring you that when it happens. This is the search for the missing Malaysian Airlines flight. Its been given another twist as u. S. Regulators say the plane could have stayed in the air for up to four hours after it reached its last confirmed location. The latest revelation in the wall street journal suggests someone deliberately turned off the planes transponder and hijacked the plane. The new evidence is based on five hours of data that was downloaded and sent back to rollsroyce. Meanwhile, china says the large objects discovered
Pimco woes. The death toll from turkeys mine explosion rises to 205. The countrys Energy Minister warns it could be the countrys worst incident of its kind. Youre watching worldwide exchange, bringing you Business News from around the globe. Good morning to cnbcs worldwide exchange, tragic news out of turkey this morning. Well be getting the latest update on that. Meanwhile, plenty of other Corporate News were following this morning. Lets kick off with sony. Its recorded its sixth annual loss in seven years. The company says it must bite the bullet on restructuring as it tries to turn around its failing electronics division. Shares this morning in frankfurt are lower. Weve seen losses of around 2 , 3 . Joining us with his thoughts is managing director and head ofation research at pellham smithers. What is sonys fundamental problem. Theyre still making hardware electronics. Until they can work out a way of creating an environment in which that is profitable, theyre in trouble. Others ar
We will take latebreaking swing state polls for 600, alex. This afternoon, the q poll, the Quinnipiac University poll, showed that in florida, Hillary Clinton and donald trump are tied with 47 . Wow. Got clinton up by four points in North Carolina with 47 and trump at 43 . Clinton is also up by five points in pennsylvania according to the q poll with 48 , donald trump at 43 . And finally, donald trump up by one point in ohio with 46 , obviously Hillary Clinton at 45 . We will talk more about all that a little later. First, lets talk about an intrepid story. Last night clinton and trump went backtoback at nbcs commander in chief forum, a daily double let down. When it was over, trump was roundly hammered on substance while clinton was hammered on style. Clinton was criticized for at times seeming perturbed for questions over her handling of classified information. 12 hours after the forum ended, clinton continued her new policy, holding her third media availability in four days on a tar