To a new alltime closing high there seemed to be only one stock that everyone on wall street was talking about today. Its name, alibaba, and its triumph in the initial Stock Offering managed to live up to all the hype creating a seldom seen mob of traders jockeying around the post where traders finally began trading on the New York Stock Exchange just before noon. Alibabas ipo was one for the record books bigger than any offering that came before it. Shares of the Online Shopping powerhouse blew right past the opening share house thursday and put the value on the company at roughly 42 billion, more than top competitor u. S. Giant amazon, more than ebay, and more even than facebook. And just a bit below walmart. By the close, alibabas shares were 30 higher. Kayla tausche has more on the blowout debut on the nyse. Reporter alibaba is off and running. The chinese ecommerce giant soared above 90 in its debut after pricing thursday at 68 a share. The Company Founded in the apartment of entr
There seemed to be only one stock that everyone on wall street was talking about today. Its name, alibaba, and its triumph in the initial Stock Offering managed to live up to all the hype creating a seldom seen mob of traders jockeying around the post where traders finally began trading on the New York Stock Exchange just before noon. Alibabas ipo was one for the record books bigger than any offering that came before it. Shares of the Online Shopping powerhouse blew right past the opening share house thursday and put the value on the company at roughly 42 billion, more than top competitor u. S. Giant amazon, more than ebay, and more even than facebook. And just a bit below walmart. By the close, alibabas shares were 30 higher. Kayla tausche has more on the blowout debut on the nyse. Reporter alibaba is off and running. The chinese ecommerce giant soared above 90 in its debut after pricing thursday at 68 a share. The Company Founded in the apartment of entrepreneur jack ma in 1999 with
A new ad hoping to reel in republican voters. We begin with a Big Development with the 6 led coalition. Turkeys parliament voted to allow action against the group. The government now has more power to launch operations across its borders in iraq and in syria. By Officials Say they have no plans to rush into battle. Bernard smith has more. The legislation passed be i the parliament talks about terrorist groups. It make as reference are to isil. But thats not the only threat. There was at a threat from the party in northern iraq. So the turkish government doesnt just see this as a fight against isil, it seems it as a fight against what it strifes as different terror is groups in syria and iraq. It meanings the military wouldnt necessarily just happen against a threat from isil, it could happen against any terrorist threat, as turkey sees it coming from syria or iraq. Theres no limit, no suggestion on what foremost foreign troops take the opposition is not happy with this. And also there
On air can take you anywhere above the thorough fairs above the big apple. We all go there occasionly. Find out how Marilyn Monroes final wishes remain alive and kicking. First, lets go to shelby. The president arguing the u. S. Is outpacing the recovery seen in other nations. Right now there are more job openings than at any time since 2001. All told, the United States has put more people back to work than europe, japan, and every other advanced economy combined. Well get a picture of the economy tomorrow when the september jobs report comes out in the u. S. Late word that jp morganchase said a recent breach affected seven million households and small businesses. Customers emails, cell phones, and other information was taken. More on that in the headlines. Pimm, back to you. Despite protests in hong resign. G refuses to instead, he wants to hold talks with student leaders. You have covered the region, you lived in hong kong three years . Right. So you know whats going on in terms of t
Thank you becky one of the key Decision Makers now defending a decision to launch a program. The launch had now been moved in the right direction and said Market Reaction was encouraging thus far and next big question a major election in greece this weekend. Back in the United States the focus is on earnings and economic data. On the agenda heres whats happening. Quarterly results from General Electric and mcdonalds before the bell but two data points coming up at 10 00 eastern time. Existing home sales and leading economic indicators. Stock futures at this hour dow opening up 5 points higher. S p 500. Nasdaq up about a point. Now to todays top stories. Succession in audi arabwe saudi arabia. Brother to brother. These are the sons of the original king of saudi arabia. The unspoken question is what is next for saudi arabia. Is this the last brother. Yes it is. King salman. Hes a half brother. Hes 70. Hes in his 70s. Thats pretty young at this point. I know that now. When we were talking