It . Good breadth, means the stocks from many sectors are all going up. And you know what, theyre going up for many different reasons. We can learn so much from the companies that are hitting alltime highs right now from the s p 500. Do you know that 5 of the s p reached that fabulous mark today . When you consider the sectors theyre coming from, yo uh can understand why this rally is, indeed, so powerful and keeps refueling. Even as the s ps in the rare position of being up more than 20 going into november and that hasnt happened all that often. This is a remarkable rally because of how many different kinds of companies are going up. Perhaps most important, lets start with the ones that caught my eye. Are the transports on the list . U. P. S. And fedex to start. Think what happens to get these stocks to the alltile highs. First, Global Commerce has to be improving. Second, their costs have to be lower than expected because of streamlining and better cost controls because those lead to
All around the world today. Well talk a lot about what the baseline is for sales this weekend in just a moment. People lining up all around the world, trying to get their hands on the new iphone. With enthusiasm translate to investors enthusiasm as well . And were days away from a possible Government Shutdown. President obama already promising to veto the bill. Sales at olive garden and red lobster falling sharply. And Steve Ballmer saying its weird for him to come to work these days. Apples new 5s and 5c going on sale in the central zone now. They went on sale on the east coast about an hour ago. Courtney reagan is tracking all the action. Good morning. Reporter good morning to you, carl. They did go on sale here about an hour ago. In my hand i have the iphone 5s. This is the beautiful gold version. Im gripping it very tightly and i have the iphone 5c. This is the blue one. This line has been growing throughout the morning. Yesterday there were about 30 people in line in the afternoon
Blowout number out of manufacturing out of germany this morning. Twitter set to price tonight, begin trading tomorrow. Right behind us here at post nine. Tesla shares, theyre skidding today after vehicles delivered missed expectations. Earnings and revenues did come in ahead of consensus. Abercrombie and finch posting a seventh consecutive quarterly drop in guidance. Our guest says he knows who the next microsoft ceo will be. And twitter will expect it sell 70 million shares between 23 and 25 each. Tune in tomorrow for our special coverage of the wall street debut on twitter. It is above the fold today for usa today, retailers talking about going from 45 to 48. May i just say their coverage has been exemplary. Every article they have yesterday was terrific, today was terrific. You have to read usa today. Heres what worries me. A few weeks ago i sat here and i said this could be 20 billion. At that point it was 10, 12. People said youre crazy. When i went from being the high man to the
First, i want to talk about what is happening here. I want to bring in leslie picker, who has been on the floor with me every day leading up to this idea. We also have one of the earliest investors in alibaba. Cory johnson is an San Francisco. Leslie, i will start with you. Does this mean they let multibillions on the table . I was watching the price discovery process happen and i was with some of their underwriters going that was higher than we expected. Saw this coming. People thought maybe 85 on the first day, not this. This is pretty high. Especially on such a big deal. If you are a big mutual fund and you take a billiondollar stake in this company, look at what you have made in one day. Ipo, not just 100 million where you have a Million Dollars here, trading up 75 . These are big gains for those investors and money left on the table for the company. Still the largest ipo in u. S. History. Any concern that money was left on the table today . I think the successful ipo is somewhere
This day . Normally, things we will not get to are things we will lead with. Absolutely. History being made on wall street as alibaba makes its wall street debut with a 21. 8 billion ipo, the biggest ever in the United States. The chinas ecommerce pricing at 68 a share. Gives alibaba a market value about 168 billion surpassing disney, boeing and amazon. It will trade under ticker baba. Earlier alibabas executive chairman jack ma held court outside the big board amid hundreds of members of the press corps on hand for todays big event. Later we will bring you our cnbc interview with ma here at post 9 00. We are literally feet away from the post at which it will trade, post 8 over here. Where twit other went public almost a year ago. The crowd of press, guys, i heard at least 100 media from china alone. Well, this is historic. I say its a rejuvenation in the sense this is the deal its been a long time since people talked about a particular stock which was facebook. This is bigger than twi