From our studios in new york, this is charlie rose. Jack ma founded alibaba 16 years ago. Today it is the largest Ecommerce Company in the world. 100 million buyers go to the site each day. Last year, transactions totaled 208 million. In september, alibaba went public. The ipo was the largest in history and made him the richest person in china. I spoke with jack ma on friday in davos, switzerland. Here is that conversation. How big is alibaba . How many come every day . How many people come in a week . How fast is it growing . We have over 100 million visiting our site, shopping our site. That is every day. We created 13 million jobs for china. And, we grow from 18 people to 30,000 people, in my apartment to four big campuses. Compared to 15 years ago, we are big. Compared to 13 years later, we are still big. How big will you be 15 years from now . 15 years ago i told my team that in the path to 15 years, we grow from nothing to this. 15 years later i want people to see no cap. It is a
For coverage beginning at 8 00 p. M. Eastern time. Morgan stanley comes up short on Fourth Quarter estimates because of a drop in fixed income trading revenues. Morgan stanley has been shrinking the amount of capital dedicated to its fixed income and commodities division. The imf has made the biggest cut to its Global Growth outlook in three years. The World Economy will now wrote 3. 5 this year down from 3. 8 and i told her. From a sober. From tober. From october. The medium prospects are down. It is squeezing investment. We think this effect is stronger than the price of oil. The one exception and the forecast is the u. S. The fund upgraded its forecast to United States growth to 3. 6 . We might even best market in the world. The numbers are in, 2014 chinese economy grew by the smallest amount in 24 years but it is still at 7. 4 . It would have been worse had the government not added the stimulus efforts like Interest Rate cuts. Those moves help to boost chinese Factory Production an
Jesuit. And were live tonight at santa clara university. Weve had the opportunity to talk to two people, both fellow jesuit priests who have known him most of their lives. Saying he is a humble man and the fact is he hispanic resonates here in san jose. This is the almost the end of the universe. I know the pope. He met the future pope in the 1908s. He knew that he was a man of the people with a deep seated concern for the poor. Its a poor neighborhood. And he had them deal work with the poor they established a chain of schools serving really wandering people from that part of latin america so. He is quietly authentic. There is a new sense of pride. For me, im happy. There is hope the roots will set the phone for the church. Its funny people care about family. To be together. And try to care about old, old grandpas and friends. The bishop hopes he will address the sex abuse issue. I would hope again this ho. Ly father would also take that in hand and do his very best to help all of us.
And get 6 months commissionfree trades. Tdd 18003452550 call 18779947694 tdd 18003452550 and a trading specialist tdd 18003452550 will help you get started today. Theres a look at your markets. The dow industrials down 67 now. But you want to focus here. Im going to do something magical. Im going to predict tomorrows headline today. It takes a great deal of prognostication, but i predict italy will be on the front page of cnbc. Com. In the meantime, oscar swag back downsized. It was valued at 47,000. Which is ten grand less than last years. Back in 2010 it was a whopping 39,000. A free vampire facelift. By the way, it is taxable. Thanks for watching street signs, everybody. Im hosting fast money but first youve got the closing bell. Stay tuned. As promised it is the closing bell. Im bill griffin at the Stock Exchange where the rally towards all time highs is on hold. At least temporarily. Im sue herrera. Our colleague Maria Bartiromo will be back tomorrow. Heres whats on tap for todays
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