In the first Historic Deal fridays initial public Stock Offering for alibaba officially became the biggest ipo in history. Raising a total of 25 billion for the chinese ecommerce giant. Now thats because initial demand for shares was so great with the stock surging 38 in its debut, an additional 48 million options on shares were sold by underwriters putting alibaba into the history books. Now the other recordbreaking news came from apple. It sold more than 10 million iphone 6 and iphone 6 plus iphones in just the first three days of sales. Its biggest Product Launch ever. With demand for the phone exceeding expectation, how many more new smartphones can ap el sell . And is the iphone 6 the hit that apple needed . Josh lipton reports. Reporter apples ceo tim cook says that the new iphone 6 and iphone 6 plus represent the biggest advancement in the history of iphones. A lot of consumers seem to share in that excitement. Apple says it sold 10 million iphone 6 and iphone 6 plus phones through first week of sales. Thats a new record for the company and even more impressive considering that the phone hasnt even gone on sale in china yet. Apple doesnt detail its sales figures between iphone 6 and 6 plus, but analysts say both will see aggressive demand. Youre going to look at a mix between the 6 and the 6 plus of 5050. Thats a huge impact on what the margins and the gross profit dollars are, too. So apples really turning all the right dials on this line. The strong launch wasnt too much of a surprise given how robust demand appears for the devices. Monster says lines in new york city and the midwest were at least a third longer than last year. Apple fans, such as the team at rbc, expect the stock to move higher from here as the Company Keeps selling a lot of its flagship products. Our take is its something close to 60 million iphones. You should get close to 41 million units. Between september and december, its what we expect. Reporter there are also new products on the way, such as the apple watch, which could excite consumers. But even bulls acknowledge the risk for investors after making a big move the stock no longer looks as attractively valued he says, with the stock up about 25 this year, the bulls do remain in charge, at least for now. Josh lipton, nightly Business Report silicon valley. The alibaba ipo was historic as well. The biggest on record. But it was so last week. Now investors focus on a pipeline of ipos to come, including a handful this week. We have more on the next big ipos for investors to consider. Now that alibaba is out of the way, Global Markets are gearing up for a raft of ipos. Theres a donz expected in china this week and many in london as well. High end shoemaker jimmy choo may go public in london in the next few weeks. In the u. S. 12 ipos expected this week alone seeking to raise almost 8 billion. Thats a lot of money to raise one week after the biggest ipo in history. The test for the broad ipo market this week will be a big bank, citizens financial. This is the second biggest i. P. O. Of the year a few days after the biggest ipo ever. There were other large deals as well. The biggest bank in colombia is seeking to go public here on wednesday as well as travel port worldwide, thats a travel ecommerce company. Theres also smart and final store, a highend food retailer. One sector that hasnt been seen in months are tech ipos. The last one was mobile eye, thats an israeli firm that specializes in Collision Avoidance systems for autos. It debuted priced at 25. And is up 90 from then. Thats why everybody will be watching cyber arc when it debuts this week. It is seeking to raise about 70 million, but the first tech ipo in almost two months. Now they can price in their expected range, that will be a sign that alley ba about has not taken all the air out of the ipo market. Im bob pisani at the new york Stock Exchange. As we reported earlier in the program, the major averages were all sharply lower ed today just one day after the dow reached an alltime closing high. A lot of the blame is being directed at china after chinas finance minister shot down any hope of new stimulus measures to give its economy a boost on concerns about slowing growth. On wall street today the dow fell 107 points snapping the streak of five straight winning sessions. The nasdaq had its worst session in nearly two months, falling 52 points. And the s p lost 16 points, closing again below the key 2000 level. Were joined to talk more about the what record iphone sales mean for equities. The chief investment strategist at janny. Good to have you with us. The market took a bit of a breather today. Worst day in several weeks for a couple of the averages. But lets talk first about alibaba. Do you look at the market reception to that as a positive . Does it help we cequities in th long term . It doesnt hurt. There are many that doesnt speak broadly to the ipo market given the fact that its obviously in a space thats very interesting, exciting, ecommerce obviously tapping a Chinese Consumer base of 1. 3 billion. In addition to that, it had a lot of fanfair associated with its shear size. But the fact that it appreciated above its initial ipo price is indicative of generally investor appetite for good Quality Companies and opportunity and fill an appetite for risk asset. I would broaden out beyond that to say, yes, it is a litmus test for the overall equity markets and Market Participants interest in them and from that standpoint, its a good sign. What about apple selling 10 million of those iphones over the weekend . To what extent does that Impact Investor sentiment . Well, its certainly a positive for apple. I dont know that i would necessarily stretch that to include any kind of indictment one or the other about Market Conditions because i think that happens to be something a little bit more unique to apple and the fact that its upgrade was well received probably because of the screen size but because of other features associated with it. But nonetheless, it says for the right company and right product line theres a Consumer Base out there thats still buying which i think is a good testament to general Economic Conditions if not so much the market. The markets come a long way in this quarter. Were almost at the end of it. September has been reasonably good, i would say. But now theres going to be a sort of proof in the pudding. Earnings are going to come out. And were going to have to answer the question, are stock prices justified by the earnings. What do you think . Agreed, tyler. We have in our view full evaluations in the equity market. Not egregiously priced, but certainly not cheap. That places a lot of demand on earnings and earnings growth. We had a great Second Quarter earnings profile about 8 or 9 year over year. Expectations are that well see more of the same in the second half of this year. That leaves room for disappointment, clearly, on that front. That said, we havent heard much in the way of preannouncements that suggests that well see those kind of disappointments coming through, but nonetheless, Economic Conditions have to be supportive of the kind of Profit Growth that ultimately supports current levels of equity prices let alone the expectation that they go higher from here. And despite all these positive cross currents that youve been talking about, what do you think happens over these next couple of months of this year . Will we see any kind of pullback or correction . Whats your outlook for the rest of the year . Susie, we like everybody expect to sew a correction. Weve now seen the Dow Jones Industrial average go the fourth longest period of time since it had a correction of 10 or more since 1929. So clearly were due. That said, any kind of an election cycle that you look at suggests the midyear elections are typically very good for the equity markets, while the last 60 years post every midyear election weve had a rally in the year end thats taken the market on average about 16 . So it says by the midyear elections and so if we get any corrective phase in advance of it, use it opportunistically. All right, marx, thank you very much. Janney montgomery scott. Two huge mergers, both with German Companies buying here in the u. S. German drug Company Merck is paying 17 billion for sigmaaldrich, this is the st. Louis based chemical and Lab Equipment firm. The ceo said the deal was a very positive one for shareholders and for his more than 9,000 employees. What this deal does, it puts two companies together that have complementary Product Offering and the reach overlaps. And that brings something thats better for the customer and brings additional value for the customer. If you look at the benefits of a combination like this and how they can enhance the Value Proposition for the customers. And really thats the thesis. Because if strategically you cannot enhance the value of the customers, you shouldnt do the deal. Shares of sigma surging today closing 33 higher. In the second deal, which was reported to be in the works on friday, the german industrial giant siemens will pay more than 7 million cash for the houstonbased dresserrand. Maker of equipment used in oil drilling. Siemens the buying the company to beef up its position in the booming shale and natural gas industries. Shares of dresser up more than 2 1 2 today. And it looks like another big acquisition is in the works, but its not a done deal just yet. Enc, which makes data storage devices for corporations has reportedly been in talks with two rivals, dell and hewlettpackard, about a possible merger. Emc is worth about 60 billion. So any deal would be the largest tech merger in history. Shares of enc edged up just 0. 5 today. A big change coming to the Federal Reserve. Charles plosser who has been a president of the philly fed since 2006 will step down in march of next year. Hes known as the Central Banks leading inflation hawk. True to his reputation in the past two fed policy meetings plosser vote against keeping shortterm Interest Rates at record low levels for much longer. He thinks easy money now risks higher prices later. The president of the new York Federal Reserve is hoping the u. S. Economy starts getting hot. In an interview today bill dudley said that he hopes to see full employment and a hot economy so inflation will rise and the central bank can begin to increase those Interest Rates next year. The nations mortgage industry could use a little heat right now. The Federal Reserve reported today that mortgage originations tumbled 11 last year after Mortgage Rates ticked a little bit higher and there was a sharp drop in loan refinancing. More signs of the choppy recovery in housing today. Sales of existing homes took an unexpected turn for the worse in august down nearly 2 . The first decline in five months. Realtors are blaming the drop on a sharp pullback by investors. Could that be the only cause . Diana olick has the story. Reporter they came. 165. Reporter they bought. They pushed prices higher. But now large scale investors in singlefamily homes are cutting off the cash to the housing market. I think investors are concerned with the potential rise in interest rate. Reporter realtors blame a drop in purchases for the unexpected drop in august home sales. Down nearly 2 from july and down over 5 from a year ago. But the drop in the share of investor purchases is far more steep. Just 12 to buyers in august, down from 28 four years ago. This does not, however, mean investors are necessarily selling. In our rental business, we see much better results than we ever imagined. Reporter not when rents are skyrocketing, thanks to surging demand from millennials. They look at life differently. They live differently. Their investment expectations are dramatically different. Theyre not looking at a house as being an Investment Vehicle any more. Reporter its not that millennials dont aspire to Home Ownership some day, just that theyre getting married and having children later in life and those are the two biggest drivers of Home Ownership. They also have a lot more of these to choose from, singlefamily rentals. They dont see the same stigma attached to renting that previous generations did. I expect that well see higher levels of rentership for at least the next five or six years after which i hope that those levels decrease and people learn to get into sustainable Home Ownership again. Reporter the exodus of investors could mean less competition for younger buyers now, but it remains to be seen if more of those younger buyers will be willing to play. For nightly Business Report im diana olick in washington. Still ahead, not just oil thats sliding. Gold and silver also losing their shine. How low will Commodity Prices go . Securities and Exchange Commission is paying its largest award ever to a whistleblower. The anonymous recipient who provided information that led directly to an enforcement in ab undisclosed securities case will receive 30 million. That sum is double the previous record whistleblower payout and is the fourth award given toon informant living in a foreign country. Finance ministers and central bankers from the worlds 20 largest industrialized nations. This is the socalled g20 met in australia this weekend. And the theme was how to grow their economies. Nearly 1,000 measures were proposed aimed at boosting Global Growth by 1. 8 by the year 2018. Thats a little bit lower than previous targets. A common concern the weak economy across europe and the negative impact thats having on other economies. Something else weighing on the economy today. The falling prices of some top commodities including oil, gold and silver, which have been hit hard while equities have reached alltime highs in the u. S. Dollar have gotten stronger. Just how low can these commodities go . Jackie deangelis takes a look. Reporter crude oil near 90 a barrel. Gold bouncing around 1200 and silver just under 18. Sitting at a fouryear low. Why the commodities crush when equities have been rallying . In oil its all about supply. Right now energy is going down on its own weight really. We had a market that had really overshot any sort of real expectations. Anything above about 105 was really in excess. It was that geo political scare that came into play. Really now just going by the basic supply and demand, which there is more than ample inventories right now. It looks like theyre poised to go even lower especially as geopolitical issues are subsiding. I would have to say in the next 6 to 8 weeks we could see ourselves certainly below 90. Maybe as low as about 88 1 2. The drop in pries has been good for consumers and the economy. The lundberg survey says that gas prices have dropped 9 cents, 34 cents in the past three months. Bringing the National Average to 3. 37. Now, Deutsche Bank says for every penny drop in gas prices, its roughly a billion dollars. That may be money thats not saved and spent elsewhere. In the metal pits, all about the stronger dollar and Interest Rates. Everybody is concerned about the rate hikes and thats kryptonite for gold. Basically real Interest Rates that drives the price in gold. Also due to inflation and the lack of safe haven buying both keeping gold traders tentative. The only issue is that maybe down the road, if you do see some inflation and the fed has to really act, that could get a little bit messy because theyre not going to be able to squash the economy the way maybe they did in the 70s. But keep in mind Commodity Prices tend to move in cycles. Seasonal activities could serve as a support to oil and gold could rebound if fed policy changes or if conflicts abroad heat up. For nightly Business Report im jackie deangelis. Clorox closed at a record high after announcing it is shutting down its operations in venezuela. Thats where we begin tonights market focus. The maker of home cleaning products says its business there is no longer viable because of the restrictions imposed by the countrys government. For nearly three years they forced the company to freeze prices which forced it to sell products at a loss. The stock jump today. Shares of techmira also rising. They got the okay from the fda and canadian regulators for its emergency ebola treatment for patients who have confirmed or suspected infections from the virus. The stock surged. Share sofs autozone went the other way after the auto parts retailer reported weak are than expected Fourth Quarter revenue. This comes as the sfrentenning economy has encouraged consumers to buy new cars instead of fixing up the old one. That sent shares down 4 to 505. 38. Blackberry is rolling out a new smartphone and thats cheaper than the iphone. The passport phone goes on sale wednesday and retails without a contract. Apples new iphone 6 has a sticker price, no contract of about 650 bucks. Shares of blackberry up a little bit today to 10. 93. Shares of radio shack popped after the struggling retailer said it is in talks with a major vendor in an effort to avoid bankruptcy. Earlier this month we told you that radio shack said it was running out of cash and could be forced to see bankruptcy protection if it cant find another way t