Target of enrollees by 2017 will now take a little bit longer, perhaps years longer than was earlier projected. A stumble here in terms of obamacare enrollment. Thank you very much. Lets begin with alibaba. Lets take a look at the share prices and how it is fairing right now. Alibaba has been very actively traded and has had an intens rally. The e commerce giant up 70 since the listing back in september. The Company Getting ready for one of the biggest days of the year called singles day in china. Why is that so important . It is the Biggest Online shopping day in the world. Analysts expect alibaba to smash sales record on this shopping day and tomorrows holiday was created by the chinese to celebrate or lament being single but it has turned into a 24hour Online Shopping event. Last year alone alibaba took in nearly 6 billion in transactions just in that one day and that blows away the nearly 2 billion sold on cyber monday. David faber is in headquarters. Sales are piling up here in an
Unnamed regulators. Restaurants are up 6 . Whys that . Clarence otis has agreed to step down by the end of this year. Investors have been unhappy with his turnaround. In the meantime, president obama may grant work permits as soon as next month to millions of undocumented immigrants, marking the first major action on immigration. Mattingly with more on this. What can the white house do on its own . What we have heard and seen behind the scenes, Top Obama Administration officials have been working to try and figure out what they can do to address some of the 11 million undocumented immigrants. What we know at this point in is two realre tracks they are considering. Work permits for undocumented immigrants, primarily those that are the parents of u. S. Citizens or guardians of u. S. Citizens. That is a couple million individuals there. They are considering the possibility of expanding a deferred action plan they put into place in 2012 for children brought to the u. S. That was a plan tha
Connell markets now begins with the news that is breaking. Charlie gasparino joins us from the newsroom. Charlie the little bit bored. It may happen. It is about 4000 people combined. Mergers are never easy. There are always synergies to be found. Publicly, they have said nothing. Spokespeople will not comment. In past segments, they have talked about synergies. Spitzer is contemplating fairly significant cuts. The numbers he is going around are pretty significant. Clearly, job cuts are in the air over there. This is pretty interesting. The New York Stock Exchange keeps a pretty large workforce. Ice is pretty thin. The New York Stock Exchange has a lot of duplication. Twenty lawyers doing the same thing. It is that duplication that he tends to take out as this merger progresses. It is set to close in the fall. After it closes, that is when you can see these job cuts. Large cuts, largely done at the New York Stock Exchange side. The combined cuts could be about 30 of the 4000 people at