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I think it is ironic that people get the day off on labor day. I am guy johnson, this is the pulse. Here in london. We will get straight to our top stories. Conflict between ukraine and russia taking another twist. Ukraines president has warned that the crisis is this to the point of no return. Eu leaders have given the European Commission a week to draft a new round of sanctions moscow. Ryan chilcote has been analyzing the story. The rebel . Recordruble at 37. 44, a low. The soviet union dissolved in 1990, this is the lowest against the dollar has ever been. 7 since monday of last week, a consequence of the conflict in ukraine. This is one place where expressingre concerns. You couple it with the issue of capital outflows out of russia. Last week we saw the ruble get hit, it is continuing today, down 0. 8 already. Nato summit in wales. And friday. Hursday before that, president obama goes to estonia. Meeting all of the balti ....
Alibaba had total revenues of 5. 5 billion in the nine months ending december 1. The company is profitable, with net income of 2. 9 billion in the last nine months of last year. Jack ma with have just uner 9 , the vice chairman will own 3. 6 . Yahoos stake is 22 when six percent. For more on alibaba, i want to bring in our editoratlarge, cory johnson. We spoke with our senior west coast correspondent Jon Erlichman. The scale of the business is something we have known about for a long time. The prior commentator i completely agree with. The upside for them is mobile. It really has to do with the transition of the chinese market. Their market is slightly behind us in mobile adoption. It is normal that that kind of customer mix would be in place right now. It is an absolute upside for them. You have been looking at some of the companies that alibaba has been buying. Walk us through that and how that plays here. They dont get into a lo ....
5. 5 billion in the nine months ending december 1. The company is profitable, with net income of 2. 9 billion in the last nine months of last year. Vice chairman will own 3. 6 . Yahoos stake is 22 when six percent. For more on alibaba, i want to bring in our editoratlarge, cory johnson. We spoke with our senior west coast correspondent Jon Erlichman. The scale of the business is something we have known about for a long time. The prior commentator i completely agree with. The upside for them is mobile. It really has to do with the transition of the chinese market. Their market is slightly behind us in mobile adoption. It is normal that that kind of customer mix would be in place right now. It is an absolute upside for them. You have been looking at some of the companies that alibaba has been buying. Walk us through that and how that plays here. They dont get into a lot of detail in the ipo filing, but you are absolutely right. It is ....
Al, good to be with you today. It is of profound interest to the chinese and to us. They have a lot of tools that they will continue to grow but they have to make the right policy decisions. The challenge they have is the tradeoffs between reform and shortterm growth. I encourage them to stay on a reform agenda. Theres the market determining prices between domestic and international. Goods and services. They obviously have to worry about their situation. We all have to balance short and longterm decisions that we make. What they cannot do is treat the longterm reforms as something they can just put off. Property prices are falling and some experts say there is a prospect that china is in a bubble about to burst that will affect the global economy. Is that a real danger . I think that there are a lot of challenges that china has to deal with. China has the capacity to deal with its challenges internally. The question is whether they manage some of the things going on in their economy wh ....
Thank you for being with us. We will get to many of the areas where you have expertise. You were head of the benghazi review board. Is there a case for reopening that investigation . If there is, i have not seen it yet. I have been alert to this. When i took the job, i knew it was going to be a big issue that had great political overtones. And i tried to watch it very carefully, one of the things i did when i took the job, i tried to read every report that we did our job as well as we could. We did our job as well as we could. I am the last person to tell you we did everything perfectly. No one believes your board, your review board, got all of the information and documents. Of course, we got information and documents on the five tasks we had under the law. For security. We were not there to look at talking points. We were not there to look at what i would call event political hand wrestling. And so of course, there could be things that were not within our mandate because we did not ge ....