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Alibaba shareholders likely view jack ma as one of their heroes following fridays successful wall street debut and record breaking ipo. Good morning welcome to squawk on the street. Im david faber with jim cramer. Live from the New York Stock Exchange. Carl quintanilla has the day off. Futures this morning because we are looking down. Perhaps china. Im guessing, jim. Its all china. Its some statements out of china saying, listen, we dont need to stimulate as much. Were willing to accept decline ...

Massive drop in users and revenue. Lift is trying to provoke car pooling with a new feature called lift line and matches riders who are going to the same area and offers them a discount of up to 60 to share a ride. The cofounder john zimmer joins us to share all about it. Our lead story, google and barnes noble are worried about competition from amazon so the companies are teaming up with the aim of swiping some customers away from the e commerce giant. Starting today, barnes noble will offer sa...

Good morning, everybody. I am Erik Schatzker. I ruhle. Happy new year. I will wager mine was cooler than yours. It was definitely warm and beautiful and lovely where i was. But it is warm and beautiful next to my partner, Erik Schatzker. News, the top business stories of the morning. The euro has not been this low in almost nine years. The currency fell below 119 earlier this morning. There is concern elections increase this month could result in the greeks abandoning the euro, or as my partner,...

Gas prices went down was doing pretty well. They gains across the board. And smucker buying a pet brand company, a deal valued at 500 billion. The cash and stock deal boosting debt. Kibbles and bits, meow mix, and other classic pet treats. 2. 4 billion dollars in sales for fiscal year 2016. And apple has raised six point 5 billion in its latest bond sales, taking advantage of lower interest rates, and the 30year deal has got a 3. 45 coupon. 158 billion of overseas cash without having to repatria...

San francisco, welcome to bloomberg west, where we Cover Technology and the future of business. I am cory johnson. Oil prices on the rebound, brent crude continuing to bounce off the bottom, and brent crude rallied from their low last month, and the head of Capital Management on the impact of oil. Good news about the oil side is it is good for the economy. There are a lot of consumers who have more money in their pocket today than they had six months ago. And the economy even before the gas pric...

Instead of trying to somehow find equilibrium in talk spirit i believe the process are rather good. Cory if an agreement is reached, they have until june 30 to reach a more comprehensive agreement. A federal probe in the bank asset management. Thousands of pages of the internal documents whether the investments benefited the bank. The index rose more than three points from february with the job market. Home prices are gaining the index of prices in 20 u. S. Cities. 4. 6 in the 12 months since ja...

Repeatedly said, communicate quickly about our monetary policies so we do not take markets by surprise. Emily she spoke of the institute for new economic thinking in washington. Shes is on deals could see a sharp jump in the fed raises rates. The ecb has increased the cap on in emergency cash available to greek lenders. The limit was raised by 2. 3 billion, according to people familiar with the decision to the Ecb Governing Council is debating whether to tighten rules on further greek assistance...

Dan kerman 515 this morning and briefly raised the 23 allied fire. One to story you it is completely destroyed the family has been displaced due to the fire. We just saw men on a stretcher and we will work to get more information it remains under investigation the cause of the fire was a dealer from a neighbor that saw those flames this morning reporter and the weather but story around the bay area were looking at another mile morning from walnut creek or 67 degrees hayward is that 58. And over ...

Is valued at almost 8 billion but the question everyone is asking is it worth it. Well talk to the ceo after the opening trade. And facebook is jumping into a new arena, Virtual Reality, they are buying oculusvr in a deal worth about 2 billion. So what can virtual do for social . Well try to find out. Blackrock Ceo Larry Fink sounding the alarm about the recent popularity of dividends and buybacks. In a letter this morning well tell you exactly what he had to say. First up, though, King Digital ...

Alibaba could be valued as much as 200 billion by the end of it. I spoke with our editor cory johnson, bloomberg editor paul sweeney and another executive who helped bring google to china. How critical is it that alibaba is going public in the United States . We have been anticipating it. It pays back yahoo , who has a big stake in them. The second thing is that they have been acquisition free. Going public will provide more currency for them to make more acquisitions. They have spent a billion ...