Are close to sealing a merger agreement, telling employees a final pact is coming within weeks. And shares in the lse group trade higher as shareholders prepare to vote on the 27 billion takeover well, a very good morning and welcome to street signs. One of our top stories today, alibaba has closed almost 7 higher after its hong kong debut, the Largest Global listing so far this year the ecommerce giant listed at a price of 176 hong kong dollars to raise 11. 2 billion in fresh capital. And as part of the ipo, the Chinese Company issued 500 million new ordinary shares. Emily tan is joining us live from hong kong emily, the largest ipo of 2019, quite a stellar postmarket performance with the stock up almost 7 in trading how has the reception been overall . Reporter you know what, juwana, the newcomer to the market today was the most heavily traded in hong kong with 1. 8 billion worth of shares changing hands as you mentioned, the stock closed up more than 6. 5 , off the days highs, but u
Full. This model has been open for five hours. The line started at about 4 00 a. M. As the morning progresses, it is is certainly getting busier. The line started to get people into the mall. Giving out these free gift cards that drew the traffic. It is an outlet. 60 off off the entire store. You have to boys. I am sure they like sneakers. Look at this line for the nike store. The entire store 30 off. Because it is an outlet, you can walk out of here with sneakers as low as 20 bucks. A lot of action has in here today. It is black friday. This is what i will say. People are showing up. They are showing up for the experience. A lot of young kids, college students, gently. A College Reunion earlier in the day. Now there are a lot of families. As it gets later on, you will see more the baby boomers. Different generations making their way through. Brickandmortar is not dead, but online is really booming at the same time. If you have an experience like this one has, it will get crowded. I am
Will be in black and white or scary. That is where we stand, down 169 points. Stuart said this has more to do with the trade front. That things are not progressing. Chinese overnight, essentially getting nasty, it might be phase one and done if we get that. That is president is a little impulsive. Were not thinking well make progress for anything else getting done. President directly not responded to the criticism outside the fact hoped the deal would be scored although the chile conference it was supposed to scored and deal written on wont happen in chile. It will happen somewhere. They hope it happens pretty soon. Get the lead from John Layfield and rebecca waltzer. What do you make of how the chinese suddenly shifted ground here . I think that has more to do with the selloff and why 28 dow stocks are down than anything happening on the impeachment front, so far deemed much more political than substantive, what do you think . I think this is much more political. China is walking a ve
Do you save this rally or buy into it do you fade this rally or buy into it . Those are the questions throughout the next two hours. For now, it is time for global exchange. We will bring you todays market moving news from all around the world, from shanghai to berlin to london. We begin in shanghai, where president xi jinping address Global Investors for the First Time Since china and the u. S. Resumed trade talks in september. He were a firm set the country would open itself up to trade even further. In order to boost growth at home and create more , chinar Global Growth will give greater importance to import. We will continue to lower tariffs and institutional transaction costs. Alix joining me now is bloombergs china correspondent selina wang in shanghai. President trump wasnt specifically mentioned, but it was almost like he was there. A thats right. Im here at the shanghai Second Annual import expo conference. There are thousands of countries here from from alibaba to astrazeneca
And zachary karabell. Secretary pompeo saying the u. S. Must confront the countrys communist party. Listen. The Chinese Communist Party Offering its people and the world an entirely different model of governance. It is one in which a party rules and everyone must think and act according to the will of the communist police. Thats not a future they want. Thats not a future that i want. I think it is not a future that anyone in this room wants. It is not a future that other democrats want. It is not a future that the people of china, the freedomloving people of china everywhere dont want this model. David lets bring in china analyst gordon chang. Gordon, the president is still confident that were going the to get a deal. Were going to get a deal. Liz and i were at that speech last night. We were shocked. He went the whole distance with that speech coming down on china every bit as hard as you have, and yet the president still thinks we can get a deal. Is that possible with this rhetoric .