ebay has always farmed that out. it turns out to be really central to how customers think when they are making a purchase. they want reliability. they want to know when an item is going to be delivered and if it will be delayed. ebay has never been able to make those promises in the same way that amazon has, and drones are not -- i think that's why that is a key reason we have seen amazon have so much success and ebay really struggle. >> is ebay at a disadvantage without paypal? >> ebay without paypal is the second-biggest marketplace on the internet. particularly when i read your book, the thought i had was that amazon is really going after being walmart and having all the disruptive effects, and that's a nice word for it, but think of the way walmart was received in mainstream america, how it destroyed households across america. think of a society where you have walmart workers trying to get food stamps because they are not getting paid enough in their community. it has all happened. amazon look at that as a model.

the non-ebay portion is growing much faster than the ebay portion., this is not a question of if, but when. if the trendlines continue going the way they are, ebay transactions will eventually be at single-digit percentage. >> why would this be a good thing for paypal in your opinion? >> it is hard to specify. all the companies in silicon valley understand the benefits of focus. there is a fundamental difference between a company that is trying to solve retail and merchandising which is ebay. it is about how you get people to shop on the site. how you get them to find the goods they are looking for? and a company that is a payment system. the types of questions that paypal trying to solve is how do you get people to keep money i the paypal system? how do you prevent fraud? things like that. it is actually two very different types of products, even though they do come together at the moment of purchase. >> you think that paypal could get more involved in things like financial services? >> i think that paypal on its own could be $100 billion plus finan

ebay customer. ebay volume.hat's enabled paypal to get going in mobile payments where today $27 billion of mobile payments, 45 times increase. clear leadership position. started on ebay. and then expanded off ebay and that's been the repeated pattern with paypal in across border and global expansion, start on ebay and expand on ebay, we think paypal's competitive position is enhanced being part of ebay. >> why will that continue to be the case when we consider this was the early days, the incubation if you will of this new way of payment but now it's more mature? consumers are certainly well aware of it, they are using e-commerce in so many different ways and mobile has been its own huge growth area. why is that going to continue to be the case and will it continue to be the case? >> see, what's interesting we see stronger synergies in the new battlefields. mobile, that's a phenomenon that is still alive. going global expansion when paypal enters to market like russia or brazil, they start with a large number of

what is the reaction so far from ebay and how bad is ebay really doing? what were the results today? they did not show the steady, consistent growth we've seen from ebay, but there were pockets. there's a lot of testament in this quarter. in analyst to is a big fan of "bloomberg west," on with us all the time. you said that the polling compared to amazon show the ebay was going to be a lot weaker, that they were losing some steam. indeed the quarter came in with strong growth. the thing that jumped out at me was the paypal business, just as carl icahn noted. businesses looking very strong. it could get a different kind of multiple on wall street. it's also interesting as was reported just an hour ago, they are really showing an .ccelerated growth from 1.4volume is up on the previous year. also 18% growth. that's more than me growth of the last quarter. why is that important? because it means it is a reacceleration of growth. so, it's about an increase in the multiple. you split the two businesses and the faster growing business get the -- >> and you can s

ve ebay? leadv >> ebay would essentially be more of focused on its own problems if he didn't have a scratch to rely on. over the last 10 years if you did not have this fast growth business bringing up the average, i think ebay might have had to focus more sooner on its growth. usually it is companies like amazon or alley, that have not -- ali baba that not had the same issues. >> who should run paypal if it is spun off? >> id structure this is sort of a secondary question. i think is critical for there to the structureknow of the proposal, but you need to have a business relationship between the two companies. the ceo of ebay has pointed out that there are a number of legitimate business synergies heard i think all of those can be captured to the right type of business arrangement. ebay would remain a major shareholder. >> we were talking about how there are no founders, no paypal founders involved in paypal anymore. do founders come back? >> they are saying that paypal is so value that is why

we'll go back to ebay. put ebay back on.essler, you can comment a little bit what carl icahn has in mind. he is all over the place, apple and ebay. tell what is going on here? >> so far looking spin off, potentially paypal from ebay. investors calling for some years, i think argument they are getting more value for paypal. if you go back two to three years, getting almost no value for paypal. i don't think that is the case. i think investors figure into the valuation. i think there could be unlocked potential for if you were to spin off paypal at this point. david: by the way short interest in the stock is now over 20 million shares. that's a doubling in the past year. does that concern you at all on ebay? >> not too much. it is unclear maybe if had some converts with that but not highly short in our mind. david: what happens to ebay without paypal? >> yeah, without paypal you still have a decent growing business, low double-digit 10%, 12% growth business but paypal has been growing kind of 20% range, obviously much faster a

and getting a discount as a result. >> you gave up on ebay. >> i gave up on ebay. we saw unusual activity. the 24th of december, saw it going in christmas eve. dan saw it the day after christm christmas. i waited. and unfortunately it didn't happen for me. a bunch of the subs are cashing out here. as far as carl, i would say watch it. carl does understand how twitter, this program, and a bunch of its competitors work. and he's using all of them to make a lot of money. >> real quickly. somebody on december 26th thought the stock would be above $57. they bought it this weekend. >> good for them. >>> blackberry shares on fire again today. the stock is up more than 45% this year. is there more room to run? tte o? cozy or cool? "meow" or "woof"? everything the way you want it ... until boom, it's bedtime! and your mattress a battleground of thwarted desire. enter the sleep number bed. designed to let couples sleep together in individualized comfort. he's a softy. his sleep number setting is 35. you're the rock, at 60. and as your needs change over time you can adjust yo

the non-ebay portion is growing much, much faster than the ebay portion.n ofis not a if but when. its trendlinesat keep going the way they're will, ebay transactions eventually be a single digit percentage of volume. it is always hard to specify the benefits of focus, but all of the companies in silicon valley i think are seeing the benefits of focus. there is a fundamental difference between a company that is trying to sell retail and merchandising. ebay is trying to get people to the site and find the goods they are looking for. the questions paypal is trying to solve our how do you keep money in the paypal system. how do you prevent fraud. these are two different types of products even though they do come together at the moment of purchase. >> you think paypal should get more involved in things like financial services. >> i think that paypal on its own could be a hundred billion dollar plus financial services powerhouse. to understand about paypal's business is that all of the profit comes from transactions funded by a paypal balance. the credit card fu

my ebay. the guidelines advised sellers to ship on the same day the payment is made, something this highly rated ebay seller he's happy to do from now on. after all, he say plenty more to sell. >> no eating. >> reporter: we reached out to the ebay buyer and he turned out the money, less shipping and handling. give us a call. 888-5-helps-you. >> in the bay area, here we go again. dangerous weather in so much of the country, traffic problems and people from texas to virginia are now bracing for a winter storm. a contractor told us after he refused to pay bribes to build part of the winter olympics. we'll have the stories tonight on cbs evening news at 5:30 right after kpix 5 news. ,,,,,, [ sports announcer ] here's another one, alyson dudek. hales corners, wisconsin. nice pass by alyson dudek. can she hang on to that spot? and she does! [ male announcer ] with the u-verse wireless receiver, your tv goes where you take it, allowing inspiration to follow. ♪ [ dad ] looks pretty good, right? [ girl

we have done a lot of work on ebay.question, it is a no-brainer, paypal should be spun off. >> they are saying the break off -- for the, i can't speak board. >> you can speak for yourself with your 0.8% stake. why would ebay go for something like this? >> i will not venture to guess right now. when i think you say "goes for" you spin it off. there's no reason they should be in ourr at this point, opinion. in fact, i think it would be held for a management team to be separate and they could go the wrong way. i think the multiple would go up traumatically, and also the health of the -- would go up dramatically, and also the health of the company would be better. if the right time for an acquisition. >> is it in part the businesses are just so different? >> well, they are different now. i really do not think -- i think ebay has its own management. i think they have a lot to do for themselves at this point. even though earnings have gone up, it is certainly lagging behind their peers. so, i think -- be certain things done.

icahn ebay tells us he indicated -- or has nominated two directors to the board at ebay and has alsoness from its marketplace business. 0.82% position roughly 10 million shares. let's call it a half a billion dollar position. only one-sixth of the position we know he has in apple with his tweets earlier today and his appearance on "fast money" halftime yet he has nominated two directors to ebay's board and he is pursuing a shareholder proposal nonbinding to separate the company into its pay pal business or spin that business off i should say and be basically the marketplace business along with gsi commerce, an important platform it also has. for its part ebay in the release goes on to say it welcomed the opportunity to listen to the perspective of all its shareholders, including mr. icahn. his board nominations will be passed on to the nominating committee. regarding the separation proposal ebay says it routinely assesses the company's strategic direction as explored in depth a spin off or spriggs separation of pay pal and has concluded the company and shareholder are best served by

and the next debts for ebay and paypal. and that is the canadian prime minister, stephen harper, rocking out at a dinner hosted by his israeli counterpart benjamin netanyahu in jerusalem last night. >> the activists are hard at work today. bill act and got some help from congress in his campaign against herbalife. senator markey calls for a federal investigation into the company of nutritional supplements. shares plunged on the news. >> he has taken on companies in the past and has done damage. the concerns that he lists to regulators stem from complaints from his constituents, including one who lost her entire retirement savings. his concern is that this is a pyramid scheme. other complaints he has heard about, companies pressuring folks to sign up family members, spend money on products, and then herbalife has been targeting low income and vulnerable citizens. sent letters to the sec and ftc, as well as the herbalife ceo. in a statement, he says -- continued -- he is serious. bill ackman is not the only activist making ou

donahoe should be responsible for ebay. >> ebay disclosed his proposals to spin off paypal before heid it. >> the best thing you can do to silence an activist investor is to put him on your board. you are a big owner, you are supposed to be fiduciary for shareholders. you do not want to be on the board and wake up in the morning and see your logo next to carl icahn's picture. he is mean, smart, and well resourced. he is the elvis presley of the activist movement, if you will. >> are there other investors like him? >> one of the more tone deaf moves this year was dan loeb suggesting that sony would spin off their motion picture unit. an american man telling an iconic japanese company what to do. sometimes these men miss it, but it is good for companies to go after. >> the elvis presley of activist investors still has his sights on apple. he has been calling on the tech giant to give some of its massive cash hoard back out. icahn announced he was building more leverage in that push, boosting his stake to $3 billion. that means he owns 1% of the company. >> there is nothing wrong with t

including netflix and ebay. netflix again, the performance on this is just astonishing. >> it really is. and they are the number one performer in the s&p 500. this has really surpassed any estimate that anyone had. the stock is up $4. of 33277. international expansion as they have been ramping up in canada and the uk and latin america and the like. and also as we are waiting on the outlook and the gardens guidance as well. a number one performer over the last 52 weeks. up to 236%. then we will keep an eye on ebay. so now we know that they have numbers that have been growing. it we will keep an eye on the same store sales. that will be key. in this stock is up aboutt1.5%. and paypal revenue will be up 21% year-over-year. the last few months have been a little bit better for ebay. cheryl: both of those numbers are going to be in. that is here in new york. >> i think that confidence in the recovery is better. so if you think about a year ago or two years ago in the united states, the economy felt ike it was moving

>> i don't think ebay wants to sell it and i don't think ebay should.enue and half of its profit from ebay, where should it be? theirm not privy to internal economics. paypaln the idea that needs to go beyond ebay and is being held back? >> i don't think they are being held back. first, this is their base. this is what has created the opportunity for them to go beyond. they are starting to get into off-ebay payments and particular even off-line payments. >> bill harris, former ceo of paypal. our twitter question of the day, your favorite grammys moment. was it beyoncÉ and jay-z get between us at @bsurveillance. ♪ >> good morning. "bloomberg surveillance." the news of this morning, recovery in developed markets off of a very difficult asia morning. dow futures up 60. betty liu is joining us. >> welcome back from davos. >> nice glasses. got lazy thisi morning. susan lyne from aol will be joining us. a great conversation on everything from digital, mobile advertising, all the way to -- >> e-commerce. channelsg about cable and how they will keep subscribers

west -- inside ebay."arted as an auction site, but in the nearly 20 years since, ebay has become much more. a massive online marketplace, a major player in online payments through paypal, even a titan of event tickets. along the way, the company has transformed from from scrappy upstart to a silicon valley leader, bringing in billions annually. today, "bloomberg west" is at the center of it all, inside ebay. welcome to ebay headquarters in san jose, california for this special edition of "bloomberg west."

we went on the road to a number of top tech companies, including ebay. down with john donahoe. we spoke about everything from how the company has doubled its revenue in the last five years to the introduction of same-day delivery service, ebay now. i even ordered a pair of gloves using the service during the show. i asked about his goals for same-day delivery. >> what we have done this year is in three cities, we have partnered with retailers so that when you have a situation and you want something like today, you want those gloves and you don't want to wait, you want them now, you go to ebay now and the courier will have them for you within an hour. >> when i downloaded the app, there were only a few reviews. why not tell us how it's going? >> we are building a new experience. we have to get the experience right. the consumers that are using it like a lot. we think it is successful and we have gone from one market to three and from three to five. we just bought a company called shuttle. they will help us expand to 25 cities across the u.s. >> amazon mad

we know as of last night his latest cause is ebay, breaking it up into plain ebay and sexy paypal.o john donahue on "squawk on the street" about keeping it together. he made a compelling case for the status quo. ebay's core business helps paypay grow and vice versa. they have excellent group and he's managing the segments welch when you have low growth ebay, accelerated growth despite the competition from the beast that is amazon and a 16% increase in paypal subscribers, what's to complain about? that's impressive. i can understand the frustration. as the stock has been static for a year. a year where paypal lookalikes such as mastercard and visa were up even as they have slower growth. mastercard with 1.2 million card holders growing at 10% traveled from 49 to 82 over that period. visa with 2.5 million card holders and 6.5% growth has gone from 152 to 228. it's important to point out ebay has a cap. it's possible paypal will be loved for rapid growth while ebay will get a higher multiple. what's holding ebay back? they have promised terrific growth and delivered only good growth.

be thats argument would they play off of each other, that ebay needs paypal as much as paypal needs ebay. and some of ebay's business does help paypal brother account. paypal grow their account. >> nothing would stop ebay from entering into a long-term agreement with paypal. >> that's right. these companies can continue working with each other, right? ebay shareholders would benefit from paypal spinoff. it is not like they aren't allowed to work together. obviously, every time you use ebay paypal makes her transition -- transaction user. >> bob, do you use paypal? >> yes. >> would it matter to you if it was separate from ebay? >> not in the least. you wouldn't even notice. if they separated 5 years ago, i wouldn't know. >> i use ebay and paypal religiously. >> and bitcoin -- >> i buy a lot of things, obviously. motorcyclist, you can buy parts -- >> i said recently -- this is not a plug for my book -- >> you are allowed to plug your book. >> "work smart." i am processing the transactions through paypal. i'm a very small margin -- -- small merchant -- >> can i buy one through bitcoin? >> h

about paypal and ebay. i have never understood what paypal -- i have never understood what ebay rings to a bow. -- paypal. bitcoin was always attached to silk road. sent silk road was shut down, bitcoin has flourished. it is it own entity. in a prefers way, you can come pair them. there is no reason why -- paypal brings a lot to ebay. there's no reason that the ability to verify transactions with a third party has to be tied to a market. >> the synergy does not go both ways? >> no. >> ebay is not doing as well as it should be. perhaps they're splitting off. paypal is one way to get there. the final front page -- before we get to that, our twitter question of the day. it has to do with what mike was just those in. what does carl icahn do for companies that he takes a stake in? apple, all kinds of companies. what does he do for or to companies that he invests in? let's get to the last front-page story. netflix is up 18%. trading higher in the premarket as well. they beat assessments with growth numbers. they

it is growing faster than ebay.ke to the president of paypal just a few months ago and he said they are making forays into mobile payments. he said mobile is going to the epicenter of your money. they are doubling down on investments in mobile. they have been buying up startups and the like. the growth is there for paypal. >> the management didn't really like the style. we are going to see this battle develop. caroline, thank you very much indeed. head to 70,000 workers in south africa's largest plants striking over pay this morning. security was tightened overnight as the police seek to avoid a repeat over the labor unrest that claims the lives of at least 44 workers back in 2012. jonathan ferro back with more on this story. they want a pretty punchy wage hike here. >> they want double the money. look at the base, $550 a month for some of these miners. it is not a terrifically great paying job. what we don't want is a repeat of 2012. what you don't want is the impact to global supplies in 2012. we are talking about

stores to -- rebrands ebay stores to ebay plaza, this stock has been a underperformer i think it willirto wonder too, ds blur the brand, a lot of people get something they want on auction off. >> it is competitive, they have to do something or get headlines on this. trying to find right products, maybe this will streamline it making easier consumer ex -- experience, but i don't know if will move the needle in terms of the value of the company. >> you know, we were looking at security issues for a lot of these guys ebay had its brushes with this. but do you have a separate list of those who are -- vulnerable those who are not those who are words of stocks buying those because of this are not? >> >> this whole thing with security breach is not going into our value process, there is a big trons formation in u.s. that everyone is switches to plastic when is the last time you wrote a check. neil: all right, lori unite cap time, what are you thinking of tonight. >> housing starts for month of december will be released. today we had homebuilder sentiment. took a bit of a hit but we're at mul

ebay says it won't do that.st growing operation. >> yeah, paypal literally cranks money for them, so i hope they can spin that off any time soon. >>> coming up at the top of the hour, george zimmerman painting again and making the work available for public sale. this time, it's an image of the special prosecutor who tried him for shooting and killing trayvon martin. it says "i have this much respect for the american judicial system" and shows her pinching her fingers together. his brother tweeted out the image overnight, saying it would be up for sale today. the last painting, an american flag, sold on ebay for more than $100,000. this one a little bit more controversial, i think. 41 minutes after the hour. >>> coming up, deadly riots filling the streets of a huge city as a key nation descends into chaos this morning. we're live right after the break. passenger: road trip buddy. let's put some music on. woman: welcome to learning spanish in the car. passenger: you've got to be kidding me. driver: this is good. w

cheryl: i do want to ask you about ebay., john donahoe, came out today and said there is no paypal without ebay, the two are intertwined. and an analyst at raymond james said the same thing, you cannot separate paypal and ebay, it doesn't make sense, and that's exactly what you want to do. what's your strategy here? >> i just disagree. and how many ceos of the world have been wrong? i mean, look at the money we made. we made money because the ceos had been completely wrong. look at motorola, look what we got in there. put in the right guy. put in the right guy, chesapeake, we put in the right guy. just because the ceo says something is meaningless. listen, great ceos, i'm not saying john's not a good ceo at this moment, but i think just to say they say something. and how many analysts have been correct? you know, if all these analysts were so great, they wouldn't be analysts, right? >> remember, back up the truck and buy as much world come as you can? -- worldcom as you can? i know you didn't fall for that. what i love about

west: inside ebay."arted as an auction site, but it has become much more. a massive online marketplace, a major player in online payments through paypal, even a titan of event tickets. along the way, the company has transformed from it scrappy upstart to a silicon valley leader, bringing in billions annually. today, "bloomberg west" is at the center of it all, inside ebay. welcome to ebay headquarters in san jose, california for this special edition of "bloomberg west." i'm emily chang. i'm with our editor-at-large cory johnson. jon erlichman is inside. we will cover it all, from how they have gone from an auction house to a juggernaut.

we have benefited greatly by being part of ebay.e a marketplace business, ebay is a marketplace business, we benefit from the integrations with paypal, the technology that we get from our ebay colleagues. >> how? >> if you think about some of the things that we do, actually building a site of that scale, and building it around the world, that is what we're trying to do. we are relatively small geographically, but when we will -- when we launched in the u.k., we had all the assets of ebay to launch off of. we shut down the tickets category on ebay in the u.k. because we felt that stub hub was a better option. >> who do you think is going to win? >> it is hard to say. i will start by saying that i live in san francisco, i had to do -- i have two boys that are niners fans. the only other thing that i can is that the colors of stub hub -- stubhub are blue and orange. >> thank you. >> we have more coming up on the caesars casino, and casino business. ♪ >> you are watching "in the loop." offers for the casino that went through bankruptcy

here's what's coming up next. >>> who's buying all those ebay calls? >> i don't pay retail. >> maybe not, carl, but many people think it's you and we'll explain why. >>> why do traders wonder about apple's returns on monday? we'll tell you when "options action" returns. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. >>> i listen to shareholders all the time but the most import

ebay rejected the call to make pay pal a separate company. ebay said it doesn't believe a move is best for shareholders. earlier this month, acquired .8% of ebay >>> nasdaq gained 17. >>> a generous donation from facebook ceo mark suker burg and his wife priscilla. the couple donated $5 million to the ravenswood family health center in east palo alto. the money will help pay for new state of the art building there. ground breaking ceremony was launched today. work is expected to be complete next year. >>> twice in her life, a young vallejo woman has now saved someone else's life. both times it happened when a car happened to crash right in front of her as she was driving. as mike explains, the latest time it happened was just today. >> i'm just, like, oh my god. >> tina williams slammed her brakes. staring her down was a multivehicle wreck on interstate 80. >> the truck hit her. she tried to put her brakes on. a car hit her to swing her barkwards and hit the wall, which made her flip to her roof. >> she says there was a woman trapped in a smo

ebay has performed very, very well.t. >> what does carl know about ebay? >> we're going to mention him every day no matter what. >> i think this is a pr thing. >> it always is. >> we'll talk about jamie dimon now. he spoke to us exclusively. i asked him about the economy, consumer security and, of course, his record settlement with the department of justice. here's what he says the public should know about the firm and his leadership amid those troubles. >> i think a lot of that was unfair but i'm not going to go into details. it all relates to -- most of it relates to staff l stuff happening from 1990, 2000, into 2008. this was litigation that built up over time. i'm grateful to have it behind us. the most important thing for your company is you do your job, serving clients and commuters around the world. this was a huge distraction of management time, board time, when we should be helping our clients, which includes cities and schools. we just wanted to get back doing what we're good at and what we're supposed to be d

ebay is a really well managed company.uld leverage into -- >> at this point, paypal -- about the money transactions where apple gives say whole new business -- this again? >> i think it is highly unlikely because it is not apple by the culture to make large acquisitions but ebay, and my opinion, would be a great fit for apple. maybe they could get there another way and actually go build something like that, because they have a tremendous position in mobile which ebay does not have, and they have this huge install base of registered users. >> will they become a bank question mark >> they sort of are a bank. -- churning castel out cash the way they are. >> buybacks a waste of cash? >> i don't think it is a great strategy, no. really work for the semiconductors, either. >> should we go all day and have an executive seminar with carlos gutierrez and john sculley. somebody don't get -- needs to, or something where you can type on a phone. to you, explain this mr. secretary. you are a fossil. here is the way it works. you and i

of, you know, when you were running ebay?think that in this world that's gone social, mobile, cloud and that the consumer experience has changed so much that you really have to be much more visionary about where things are going and you have to be way more in tune with how fast everything is moving and growing and evolving. i think richard branson in the way he runs his enterprises in a social way and mark bennyhoff and what he did in the cloud are examples of folks who get it and move very quickly. >> how do you balance having a great vision with having a great business? what about the numbers? >> you know what, having a great vision without great numbers is not that scalable. at the end of the day you have to make money or even if you don't make money, you have to grow a share and grow revenue. you can have a great vision and no execution and that's not -- it's not that appealing. >> we talked about the fact it's easier than ever to start your own business. is it easier than ever to be your own c.e.o.? i think some people m

done ahow telling analysts that ebay accelerate paypal's success, and ebay funds paypal's growth, soawn. ebay reporting 81 -- analysts had been looking for 80 cents. tomorrow on cnbc, tune in for an exclusive interview with john done ahoe at 9:00 a.m. eastern. >> josh, my friend hang on with me for a minute. i want to go back to netflix. big numbers. that's fine. they're going to be embroiled with carl icahn. i wouldn't wish that on my worst enemy, but that will happen. netflix looks unstoppable, invulnerable. am i right about that? they get pr, earns, you can get them on your own tv. they're unstoppable. >> certainly it had a monster run, larry. as we mentioned triple digits. some investors might have taken some profit off the table, but you had a monster move with those numbers after the bell today. switching gears quickly. i was on the conference call, drawing the baselines very -- telling an analyst, listen, he spoke with carl icahn last week, respected the views, but the two just disagree. we just. >> great stuff. many, many thanks, josh limiten. will the fed taper and tight enf

breaking the news for our viewers, things got heated, lee mention the ebay ceo.a listen. >> as you say he is doing a great job i question that. cheryl: charlie gasparino, the man of the hour is here. >> i don't think he is doing a very good job,. if you compare me to bill ackerman i would feel like wringing your neck. how good does that sound? cheryl: you have a good rapport with him and he was very candid in that interview. >> yes. we broke a lot of news about the apple, when he was doing with apple, his views honorable life, keep the stock and when not selling the stock, long-term investor, the stuff he did with apple including buying more shares in the shareholder letter about some giving cash back to investors and this whole thing with ebay where he told us first reported he is putting pressure on ebay, wants them to change their management. if you notice the journal ripped us off today. one of the few days i have been ripped off by the times and the journal. the journal should have given us credit and didn't on carl icahn's attack on ebay and the times came

ebay has been trading between 58 $58.0 and if it gets above $58, it will go to $64.stocks that do not look good. abercrombie & fitch was a great example. from a risk reward standpoint. it had a big bounce when everybody thought. you want to be a buyer when things look absolute worst. you don't have to risk as much on the downside. >> things look the worst -- abercrombie had a little bit more than ebay. abercrombie has a little bit of an uphill battle there. >> they do, but they have stock bounce. >> but what about what is in the stores? >> i am not in the stores. i am in the stock market. from a risk we were at standpoint, there was enough to lean on. it bounced off that. it was a nice, healthy move. everybody has a negative opinion on something, it is time to look at a bullish opportunity. >> we will see. i will check back with you. great to see you in person. we will be back on the markets in 30 minutes. ♪ .. mammal look him to bloomberg, were recovered you global technology and media companies that are reshaping our world. i am emily chang, our focus is on the fut

ebay -- >> it looks like amazon crushed everyone this quarter.looks like they ate their lunch as well. ebay has gotten nowhere over the last few years. is ready good malaise here. that is pretty good malaise here. we could see the stock really take off and the community has been extremely accurate the last six quarters. the sell side has been bringing those estimates down considerably over the last couple of weeks. -- >> obviously there is a pretty big dispersion between what you think and what wall street thinks. what you think accounts for that? >> this is a cold stock and we ,ee this with new companies there is a huge delta. this is where the platform is really valuable, the sell side is still not that much -- still not paying that much attention. the type of company that goes into the wearables. 36% of their revenue goes to samsung products. this is one of those things were you can see the stock performing really well. they can up that multiple but the market is paying for it. >> always good to see you. we will check in with you after the num

ebay has ebay now where essentially private citiz%on are going to target or whatok not f products andere is a shipping war going on right new. now is aó[ great time to order anything from retailers because it will arrive in açó few hours for free.ñr they willing to discount the fees. >> they're actuallyjf losing moy on a lot of same day delivery ç& stuff, right? >> i would assume that.xdñr but that is no issue to google. >> just moving back to what you said at the top, what about mobility, is that going to be part -- >> túe+e are all enablers for people to get what they need at a local level. andóthat'szv really the big trd here. >> explain why would a hotel create anq air b and b clause. >> right now air b and bxd has more physical property to rent and there has been a number of articles on that. the shear number of properties. if they were like a hotel company, they own no assets, so it means they're a contender and company, they own no assets, so it means they're a contender and only rising whenÑi )u trends. so what can hotels jfdo? there is nofá brand pages. you can't do ads. so

he wants ebay to spin-off paypal. ebay reported strong profits last night., back to you. are activist investors, are they good for the condition or good just for themselves? >> a little of both, actually. in the short-run it can be an excellent catalyst to make short run profits. i worry what's going to happen in the long run. specifically with ebay, i think that icahn is crazy on this one. paypal is a part of that company. it's 45% of the company and the digital payment world is the world of the future. they would be insane to sell especially because icahn only a small amount of stock. stuart: he's got a lot of money and he's using it, i agree with you. siphoning off paypal doesn't make sense to the company, maybe the investor, but not the company. move on to lenovo. it's bought ibm's low end server business, and ibm is one of the few tech names that's not surging. would you buy it? >> i'd buy it -- i actually would buy it on a discount. i don't like it on this price, i would own it for the long haul as a foundational play, a little lower, 15 or 20% lower.

and then ebay. >> welcome back to aljazeera america. i'm del walters, and here are your headlines at this hour. in the ukraine, there are just two hours remaining in the fragile truce between the police and the protesters, and calling it an attempted coup. iranian president, hasan rouhani in switzerland, saying that iran intends would work with the international community and has no desire to have nuclear weapons. >> . >> a federal watchdog group saying that the nsa should stop collect being phone records, calling the program ineffective and illegal. >> a chill in the air as we have cold air moving in from the north. it's going to be bringing a little bit of snow in a few spots, where we're seeing light snowfall in parts of the colorado rockies, but we're developing a difficult situation for texas. when we talk snowfall, we have had so much snow come down in the last storm that came through, that when we look at our current snow amounts compared to the average, we're way above normal for chicago, pittsburgh, washington d.c., detroit, bo

if we can trade both of these stocks now, ebay, netflix. take netflix first. what's the play here? >> on which one? >> netflix. >> i think if you're long the stock, yesterday you certainly got no reason to change that posture. >> if you're not long yet, is it too late to get long? >> i can't buy a stock that's trading at 200 something times last year's earnings. i really don't know what this current year's earnings will be. if you're a trader, just use the moving averages as your risk gauge if that's what you want to do. >> would you buy in amazon? >> no, for the same reason. >> okay. i was testing you there because you make the same argument. >> that's the point you talking to fundamental analysts about their price targets. it's hilarious in a way because they're absolutely is no way that you can take a traditional discounted cash flow analysis model and apply a reasonable multiple to the way these stocks trade. they trade much more on sentiment and emotion than do more mature tech companies at a certain point these companies will be subsumed by their fundamentals and will start t

today he announced a stake in ebay and hinted ebay should split itself into two separate companies. he is suggesting a spin off from bay pal bought by ebay in 2002. netflix and the love story as investors continue. netflix reporting strong earnings. tonight, investors love that and they bid shares by 18%, that's nearly $60 a share higher after hours. netflix stock hitting at an all-time high. the money doesn't stop there, but this money comes from a silicon valley billionaire and going into a bay area community that could really use the help. >> reporter: it's the talk of silicon valley, a celebration of a new health center coming to east palatao. it's from mark zuckerberg and his wife and how did the ceo find out about the gift? a mobile phone, of course. >> i was out in the garden on monday on martin luther king holiday weeding in my garden and i'm like all -- got my masks on and all this stuff and i get this phone call. i didn't know the number, and i said okay, i'm just going to answer it. and it was -- hi, this is mark zuckerberg. >> reporter: the medical facility will be built