Clouds gather. And Boris Johnson heads to downing street. Must avoid a damaging no deal divorce at all costs. Check ofget a quick the markets. We saw the s p 500 topping 3000, gaining the most in more than a week. Earnings from the morning session. Ofults out of the likes cocacola, united technologies, not to mention Lockheed Martin beating expectations. We got news u. S. Negotiators were headed to china for the first facetoface negotiations since may. U. S. Futures under pressure, down 0. 1 . Taking a hit after hours after reports they would be facing more antitrust scrutiny. Lets see how we are shaping up in asia. Pointing to a mixed start as investors consider the warning on Global Growth with china receiving a global downgrade. Even as we have optimism around the u. S. China trade talks. The boj expected to downgrade some projections as well as lower Inflation Forecasts. Pmi datapanese flash and earning seasons taking off in earnest with names reporting in south korea. Of updates f
What he did apple cofounder thing of an apple tv set . , steveng to a new book johnsons not a big supporter. He said, tv is a terrible business. They do not turn over and the margins suck. And apple reporter. Said inventedman a bit quite have hired a lawyer to clear his name. Dorian nakamoto said he did not work oninvent, or bitcoin. The 64 year old engineer said at the story has hurt his family and chances of getting a job at his nod had steady employment in a decade. Russias richest man has sold shares in apple and facebook and looking at Chinese Companies. Chinese companies now account foreign80 of his investments. They include alibaba and others. To our lead story. Alibaba starting the ipo process as saying it will file into the United States. Thereve not filed yet. Much discussion of them fouling filing. We know the rumblings have been going on. Theyre trying to get the waters ready. They have talked with the six different banks and huge valuation. Some saying two hundred billion
Roughly 80 of ali babas revenue comes from chinese chinese computer sites. Does alibaba work and is the process similar to buying . Omething on amazon and ebay sam, i know you like your pants. I really wanted a lot of them. One way i could do that for not too much money was to order them from a manufacturer who uses alibaba. Com. The basisiggest of alibaba. Com, connecting buyers all around the world with an equal number of manufacturers around the world to give them what they want. Manufacturers, i had to create a buying request, thatm that is a form describes what i want. I had reports from china and pakistan and the czech republic. To whittle it down to my first ditched any replies from companies that were not only well as gold suppliers. The remaining companies, i judge their responses on basis like price and delivery times, but also on how well written their responses were. And other things, like whether they included a ensure of some things. It is a little like online dating. Ult
Today including alibabas big debut. Shares begin trading on the New York Stock Exchange today. Is that investment worth the risk . That is the big story, not our biggest story because our biggest story is what is happening in scotland. This morning, Prime Minister David Cameron is promising sweeping changes on how the uks government the u. K. Is governed after scotland voted to stay as part of the United Kingdom. Cameron says he will deliver on devolutions. The u. K. Must be able to vote on issues that affect them. I have long believed that a crucial part missing from this discussion is england. We have heard the voice of scotland and now the voices of england must also be heard. We are covering all the angles on this vote. Anna edwards is in edinburgh. Jonathan ferro on the trading floor. Caroline hyde here in the studio. Anna, lets start with you in edinburgh. Thanks very much. You heard David Cameron talking about hearing the english voice. Lets hear the scottish voice first. We sta
Its start with you, emily, because you will imitate you will interview jack ma later this morning . I cant wait. Do when he do we know any more about him . He certainly showed his personality. He has a lot of charisma and is a funny guy. We saw that come out of the roadshow. He reiterated customers first and employees second and investors third which has investors saying why should i give you my money. His answer to that is what that when alibaba went through hard times and this is their second time going public but it did not work out, this is their second chance. Time and left at that customers stuck around and thats what customers come first to him. I want to know what happens next. He stepped down as ceo a few years ago and has other interests like a private equity brand withtqai chi jet li. I am curious as to know how involved he will be. Like it underscores a little bit of this gathering comfort among u. S. Global investors. And a big Chinese Company certainly, there have been ma