Page 30 - 31 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Get it? that is singles day. alibaba high-jacked that day ten years ago, turning it into a massive shopping bonanza. and this is a huge day for alibaba. they kicked off the event with a four-hour-long gala, with everything from circus acts to mariah carey performing as you mentioned there. and they had another huge date this year. this is a day where they really like to tryout some of their new business models. so they have a new grocery store, brick and mortar grocery store similar to amazon in the united states. in china it's called homa. you have to have an ali pay account to shop there to ...

Mariah carey was there, in fact. alibaba says it rang in $30.8 billion in sales. that is above last year's record. sheree is following the story for us, the big numbers to tell us about there live in hong kong. look, 1.30 billion in one day, huge. but before we get into the context of all that, help our viewers understand what exactly is singles day? >> reporter: that is a great question. it's a $31 billion question actually, george. singles day is an informal holiday inn china. it was started by students in the 1990s, and for all you single viewers out there, you will love this. it started as...

News. >> let's talk about alibaba. they racked in i think -- racking up about $31 billion in sales in just a 24-hour period alone in their shopping event. what helped to fuel the record-setting day? do the math. it's almost more than a billion dollar an hours. >> exactly. that eclipses last year's record of $25 billion. just to give you a stat, in the first 1:25, $1 billion worth of sales went through. a lot of that was in back of the consumer goods as you imagine. the best-selling mobile phone was apple. it wasn't the chinese brands. it was actually apple. that is obviously a good sign for th...

Right and not a privilege. >> i campaigned on hard commitments of medicare for all, tuition-free public college, ensure ago green new deal for our future. brian: $31 billion is medicare for all and not many people high five -- steve: trillion. brian: trillion. i keep forgetting. steve: one of the reasons some people on the democratic party are talking about socialism right now is alexandria ocasio-cortez had that stunning win and who had energized everybody notice lasinthe last election is bernie sanders. the star of pawn stars on cable, he says the fact that we are talking about socialism rig...

Quarter. i think that italy is going to be able to do the same thing. slightly different numbers but the same thin. >> what role should the european union play in the matter, sir? >> you are asking me what? >> what role do you think the european union should play? >> that's up to them. i don't want to get involved in that. european union -- jean claud and i had a terrific meeting last week. we were having a hard time. then i i think inned tariffs on cars and we got along very well. very well. i think they are going to treat us fairly. we are going to treat them fairly. as you know it is been a...