Good wednesday morning welcome to squawk alley. Im Caro Quintanilla with jon fortt. Deirdre is with us for the hour. Nasdaq is trying to come back after a couple of days of losses as we turn our attention once again to covid levels in the United States. Were going to start the hour, though, with alibaba, a big drop for the stock despite these new sales records on this singles day. Hi, eunice hey, carl live streamers in china are wrapping up whats been a very long day pitching to Chinese Consumers and it seems as though the efforts have paid off. For alibaba, the value of the orders that crossed the site have just come in at just shy of a 500 billion, about 75 billion u. S. Dollars these numbers cap an extended 11day campaign thats a little different this time around not the usual 24hour singles day shopping extravaganza. There were some interesting trends that we saw that were generally pandemic related, where consumers were looking to buy goods that they probably would be buying if th
And jeff bezos making a 10 billion pledge in a fight against Climate Change Worldwide Exchange begins right now. Good morning welcome to the show. Im brian chu in for Brian Sullivan today here is how the markets are looking for this Tuesday Morning after the markets were closed yesterday for the holiday. S p down by 15, dow down by 150 and nasdaq down by 18. Taking a look at the bond market down 1. 54 for 10year benchmark. Twoyear note yields a hair below 1. 4 right now lets go worldwide and look at whats happening with the asian trade you can see the shanghai composite. The nikkei in japan down there as well. A bit of a mixed picture in midday trade. Again, mostly red there. You can see the cac, the uk down as well. The ftse mib in italy in green so far china says there had been 1,900 cases and more the death toll sits at 9, 800 looking at a result of the Virus Outbreak moodys has lowered the growth forecast from 5. 8 due to lower import demand. Officials in macao announce dozens of c
Congressman kevin brady will be with us at 8 00. For on hour on set. We have united ceo who will join us at 8 30 a. M. Before all of that, we have two hours. We have a big show today. A lot of special guests. Ron baron. I think this is the 11th year squawk box has joined you live you bring together the investors and ceos and talk to top managers, you also entertain them big guest youvecli included inh past have included rod stewart, and more the star front and center has to be the companies you are vested in lets take about your theme. Why whats next . We are looking at faster growth in the future for the economy, stock market, what do you mean people have higher amounts of cash now Central Banks cant agree on what to do there the fear is estimate those funds for years now a superstar investor cant raise enough to have a business that is viable theyve done well 11 years now they dont want to give it back the stock market today is the same valuation as it was then. Then, it was a mixed
Elizabeth gerson. Return ticket. Russians who spent years in exile are returning home. Nahid babayev tried to find out why and what doesnt suit them in the west. Hello, you are greeted by the Information Service of the ntv television company, this is a program today in the Vladimir Chernyshov studio. Compensation to flood victims should be issued for any lost property; it is time for the payments themselves to be indexed. Vladimir putin announced this today at a meeting on the flood situation. The president conducted it via video link, the heads of the government reported on the situation relevant ministries, governors. Mayors of flooded cities. Putin emphasized in the ursk, kurgan, and tyumen regions that helping people should be approached informally. According to the president , for the victims, it does not matter what level of government is responsible for what, it is important that the problems are resolved. Roman sobol found out what people will Pay Attention to first. Now the cr
Over much of the past three decades i have been an investor. The highest calling of mankind ive often thought was private equity. Then i started interviewing. I watched your interview so i learned how to do an interview. I have learned from doing my interviews how leaders make it to the top. I asked him how much he wanted and he said 250 and i said fine. I did not negotiate with them and did no due diligence. David i have something i would like to sell. And how they stay there. You dont feel inadequate being only the second wealthiest man in the world . Is that right . One of the most successful Business Executives in the world over the past 10 years has been Bill Mcdermott. He took s. A. P. To record heights and is doing the same with service now. I had a chance to sit down with Bill Mcdermott in new york and had him describe to me how he came from very modest roots to the top of the corporate world and how he inspires his troops, inspires his customers, and loves his job. In october