ebay and paypal have had an interesting decision.e other members of the paypal mafia think they are better apart. >> it was the best decision at the time it. to really get to the right level of mass of the payments transaction system, it required a much closer connection with ebay. now that it has gotten to a certain level, is it better or inside or outside? the argument with is for example, there is still a lot of density of value between ebay and paypal. on the other hand, maybe paypal should be like a bank. ebay is not a bank holding company. the natural evolution is ahead there. that's also possible with the right management team. >> it's time for a quick break, we will be right back. ♪ >> after paypal, you could've retired a few times over. other mammals of the paypal mark for -- other members of the paypal mafia bought fancy cars. >> a funny story on the car. i was taking about by an audi. it's a really nice car. and then i got pinched by a friend of mine on a startup. with a rather buy this car, or invest in the startup? was t

. ebay up about a percent.mazon trending higher by nearly 1%. jo, speaking of crowded e-commerce space, tomorrow we're joined by gilt group founder and chairman kevin ryan. we'll take on all this happening, 11 main and alibaba. what it means for his business and he has got to some businesses including gilt insider. kevin ryan is one of the geniuses of the web. >> fascinating story. liz: and doubleclick. alibaba, we're not done with them. they did a big act with anythings a chinese mobile browser company. no terms disclosed. alibaba owns 66% of the uc web, alibaba founder, jack ma is on the board. the deals flow out of the e-commerce giant ahead of ipo. this is latest in string of deals by alibaba this year alone. we're barely halfway through. this particular deal is valuable because of search engine and there is app store and gaming. we're talking about 500 million active users. when you talk about the china and internet, it is never small. liz: charlie gasparino has reported that alibaba will probably do a lat

ebay had one culture.ement another culture much more tied to execution, making sure we made amendments and lived up to those. i am not at liberty to talk about yahoo!, but you can see a massive cold chill transformation that has happened in a short time with marissa. it is all about leadership. you have to figure out what to take with you, that is always good. but to stop doing that used to work but doesn't, and what to start doing now. >> when you are advising a company at the early stages, how do you suggest they find the best people? it is better to make those decisions early. >> the longer you can run with people, my best career decisions and hiring decisions have been people i promoted and they went further than you might have ever imagined. i worst decisions were bringing in the rockstar with the pedigree from the outside. >> is it a safer bet to promote from within? >> it is a different time. if you know the person, you should give them every opportunity to try to step up. at ebay we found people st

there were companies that started to get on ebay and did that. and how would you compare ebay's success on this front. >> it's a great analogy. because ebay also had the retail experience, and then you had the ecosystem that delivered guaranteed. and i think that the big example there is paypal, created as a way of making secure payments between semi-anonymous strangers, and pay grew and ebay acquired it. and one of the services becomes big like paypal, i don't see any of the addons to air b and b approaching the scale of paypal. but slowly ebay started absorbing some of these into the platform itself. and went from being hands off to more involved. and that's the choice that air b and b will have to make, if they want to be a platform or a matching service. >> and then there was apple who invited people to be part of their system. and they thought it was a better way of doing business. >> there's a good pattern there, because as these services proliferate, so long as the customer experience was them are good, this sort of enhances air b and b's

he formerly served as the coo of ebay.ently sits on the board of ebay along with yahoo!. a focus on how to find valuable employees early in the game. a company in the spotlight is twitter. four in recent months, including its coo. takenteps to twitter be -- taking? we asked. you were a coo. i'm curious to see what you have to say about the situation. like thisee annex i and the coo leave a company that just went public, what do you think? what is going on? >> first of all, i do not know exactly what is going on because i am not inside. but i would say a coo is an interesting role and wind differently in a lot of places. a lot ofase, operational background but a lot of coo's are more sales and marketing people who played to the strengths. what is really important is for companies to identify what they need and make sure there is a andistry and a partnership a very strong bond. >> we were thinking of sex vessels the auto is. we thought of sheryl sandberg. tim cook used to be the coo of apple. there are times where it has not

ebay goes down. apple says they want to go into the payments business, ebay goes down.acebook hires david marcus, ebay goes down. the bottom line is they all want to be in that business. >> you don't think hiring david marcus is more of a sign of trying to create it yourself rather than planning to buy ebay? >> look, talk to google. they spent $400 million trying to create it themselves. and failed miserably. nobody even remembers what the name of their payment system was. >> i don't. >> i think it was google wallet. is that what it was? the bottom line is, it's an incredibly profitable business that generates high free cash flow and the people that might be interested in it, it be google who wants to be in that business or whether it is somebody like amazon, who doesn't generate high free cash flow or facebook which it would be a wonderful way to monetize what they're doing. i just find it interesting that this guy writes a letter and says all these nice things about the people he worked with and so forth and secondarily, he's going to work at a company that would love

it public andking selling it to ebay.s supposed to be a son -- six month tour of duty turned into a three year tour of duty. >> when did it start being called the mafia? >> i do not really know. it might have been with the fortune article. i am always a little hesitant about the term. mafia implies dark room, kinds of, these things. it is clever and gets repeated and implies a dense network. i think it started six to 12 months after the ebay acquisition. tesla, emr, and spacex. all founded i members of the paypal mafia. what did you have in common? >> paypal collected a bunch of people who are young and intense and entrepreneurial. and then all of a sudden a bunch of these folks are like ok. what do i do next? Élan goes and does tesla and spacex and jeremy and rest you yelp. i do linkedin. and yet because we had this intense experience together we have a tight network. >> who do you call for what? models, i called peter. at the intersection of is this technology,siness for a willingness to think super big with risk, elon

they are not going after ebay right now.y are interested strictly in the talent. >> aol wasn't going after time warner either. the illegitimate conceptionial high pe stock using its incredibly cheap capital to actually own a business that makes money what, a novel concept that would be. >> why don't investors or shareholders seem to believe you because facebook shares are up 4% today. >> ebay has been the rodney dangerfield of tech for five year, been a very good performer for five years. we really would not like to see them have that happen. we think john donahue does a good job of running the business. the problem is if the stock gets too low with all the other asset, the huge cash they have, the $4 billion of free cash load, stubhub, 28% of craigslist, all the other assets they have got, they are a sitting duck so some private equity guys are out there earning it for the cash flow and then you know that google, apple, amazon. google wasted $300 million to $400 million trying to create a competitor to papal so if you can't

so i bought "ebay for dummies." and the rest is history. >> you started selling stuff on ebay?that's really the start of this company. >> yeah, i watched roundtables of stanford business school discussions like pet peeves with entrepreneurs so i knew kind of what i was getting myself into. i bought a book called requesting how to be smarter than your venture capitalist." one of the things that's interesting about the company is really the heart of it is not manufacturing, it's customer service. like, you really tried to address customer complaints demands. talk about that >> yeah. well, nasty gal kind of emerged out of conversation. so ebay, yes, there was the bidding and ebay i was the platform for the business, but it was through social media that i really connected with my customers and this was back in late 2006, 2007, when the business started and really began to take off. i was there behind the computer, answering every single one of their questions, reading what they had to say about what they thought about the product or the models and learning on a very qualitative lev

but ebay had such a great reputation. the world is changing.ave time to shop like they used to in stores. and there isay great customer service and guaranteed returns. >> what is the biggest thing on your mind, when neighbors approached you and said, we would like you to do this. it was important to me we get to control the image. for allk well with us other designers. it is one-stop shopping for the consumer. with otherthere designers. might getyour items superseded by others? >> that is one issue with all online shopping. it may be hard to tell we use better fabrics or our designs are better made. it,fully, when people order they will try on and where it and love it. -- >> heavy seen a bump up in sales? >> i have seen a lot more traffic to our website. i think because they have a wide region internationally and domestically, that we're seeing an increase in volume. >> thank you so much, founder and creative director of the fashion design line. we're two minutes. ♪ >> a ruling today comes from the state's highest court. a group of municipaliti

the head of ebay departs for men lo park. what will that mean for e-commerce, facebook and ebay.he kind of hat trick wall street likes. the dow, s&p 500 and the dow transports all closing at record highs. as stocks rallied for a fourth consecutive day. the blue chips within 57 points of 17,000 and, of course, as you know, jim, i like to focus on the s&p as do all those who manage money. even though we talk a lot about the dow. 17,000 has a nice ring to it. >> i think it's somewhat important in terms of are we getting more parse snags you're starting to see the investment manager stocks doing better and that implies at a certain point people will come in. i know that the skeptical at home are saying people coming in now. but a lot of people have been negative for a long time and a lot of people had a lot of fear. you could say complacency has died down but died down is volatile. volatility scares people. >> you were making a number of different points around deals, whether it was tyson being willing to pay almost 17 years worth of trailing ebitda for maker of ballpark franks or th

because what ebay represents is opportunity for small sellers. that's what ebay is made up of.ailer. we don't compete with our sellers. we don't use scale against them. we give them the benefits of scale. ebay, from its very beginning, took entrepreneurs, took small businesses, and now also some large businesses, can give them an equal playing field to reach 140 million buyers around the world. >> and you can buy gladwell's book now on ebay, actually, to the on amazon. he took a minor little shot at amazon in a clip i'm not sure we have that piece of it. but that is a real skirmish and a lot of people also here talking about the concentration issues and this amazon situation, what it all means. i should tell you, by the way, we asked mark andreessen about amazon and he came out on the other side. he is an amazon fan and says he looks at what jeff besos has done for consumers in bringing down price and he said maybe the book industry shouldn't be considered more than anything else. with that, i'll send it back to you guys. >> he likes -- i'm making a little list of things. i lov

on the board of ebay.en, pick up the phone, get the deal for ebay. >> on this bitcoin front, john donahoe basically had to address this because people were using p paypay as a payment mechanism to buy bitcoin. can you as a platform be allowing the transfer of those assets and not actually accept them yourself? it gets to the point where there's so much transacting going on, you have to integrate it into the system. >> that's the point. nature finds its way, like "jurassic park," basically pushing them into it. >> didn't end up so well. >> but nature always finds a way. >> a lot of people are talking about the value of bitcoin as a platform. very few will defend the value of any individual bitcoin. is it worth $400, $600, $700? don't know bp. don't get it mixed up. bust just because these companies are saying we like it as a platform doesn't mean they'll be worth a lot of money. like a hot potato. nobody wants to hold it too long. >> and ex-bay is large enough to push it into a purchase experience, which pe

why do you believe ebay may have had an opportunity to look at this thing and pass? say is ebay and the paypal business, there are a lot of synergies and it would make a ton of sense for paypal and opentable to be together. there are a lot of synergies there. and ebay through the announcement of repatriating cash to give them more flexibility to do things like that, we're putting two and is two together. i don't know if ebay has made a bid or is planning to make a bid, but the strategic synergies here make sense. >> in the meantime, a lot of this space is higher today. it presumably opens the gate to other deals being done now, not least after that huge volatility that we had on these, the potential acquirers, the big momentum name and the idea that they could still do a deal and offer potentially in cash at this time. that is a game changer potentially of sentiment, i imagine. >> when we look at the online marketplace business models, grubhub, i think this transaction helps hi lights the value in those kinds of businesses. and, you know, the valuation being paid her

on ebay. it starts at $25,000. and the winner gets a lunch in new york city with the omaha billionaire. reverend williams talk about it three days ago, gaging his excitement. >> i told him, now, are you ready? >> he said i am always ready. he is a very funny guy. >> reporter: money raised helps their many programs from sheltering the homeless and healing the sick. >> everybody has the responsibility of sharing their gifts and their money. and, he -- he does what he believes in very strongly. >> reporter: he may be be the star of the auction and the lunch but if not for his late wife, suzie, their annual fundraiser never would have taken off. >> she was an angel. she was honest, she was doing so much in regards to affecting the lives of people. >> reporter: back to you. >> the bidding on ebay ends on friday. last year's winning bid was just north of $1 million. >>> more than $2,000 bicyclists left on a crusade. the big boost they are getting from social media. [ male announcer ] now get more of what you deserve. vis

on ebay and facebook. julia. >> facebook is hiring ebay paypal's ceo david marcus to run its messaging products. marcus joined paypal about three years ago because paypal bought a company he ran. so paypal absorbed that and he started running the mobile business and went on to become president of all of paypal. now he's going to be overseeing all of facebook's messaging except for what's app. 200 million monthly users of facebook's message app. it indicates based on the history that facebook is looking for ways to make money from its messaging business either by attaching payments which obviously he has plenty of experience from or other ways of monetizing that business through some sort of payments, perhaps, even advertising there. a big move for facebook, getting someone who has a lot of experience in the mobile space and making money from mobile and also having a lot of impact on paypal losing its president. back over to you. >> the impact seen more and a nice gain for facebook. >> i look at the chart.

ebay. aggressively pushing for it to separate from paypal. it looks like he has not been successful in doing that. causedlast quarter, this a lot of head scratching with ebay repatriating $9 billion worth of cash and paid $3 billion in taxes on that and got $6 billion of cash is a resultant forecast second-quarter sales that trailed estimates. despite the involvement of icahn, this is not boosted the stock. it is underperforming the market as well as other heavyweights of this size. >> why buy into ebay? >> it is a value stock. if you take 3-5 your look at the stock and say i will own this for this long, the earnings will catch up. the forward-looking multiple is you have the6x and opportunity perhaps rather could be divestiture of paypal. let's say they don't do that. what will be the growth rate over the next 3-5 years? we think the growth rate will be 12-13% even if you have operating margins that go lower. we agree that revenue growth is decelerating but it is not -- it is starting to b

sissonne may have suspended striker hon check out ebay. right now. popping up on ebay.suarez wearing a red jersey, which looks like a liverpool jersey because uruguay's colors are blue and white. key chain. safeway understands you got to make every dollar count these days. that's why they have lots of ways for you to save. real big club card deals, the safeway app and gas rewards. celebrate the fourth with envy apples, just $1.99 a pound. rancher's reserve tri tip roast is only $3.99 a pound. for the grand finale, dreyer's ice cream is just $2.99. there's more savings to love... at safeway. ingredients for life. it is sold steering in parts of the bay this day the triple digits and some areas. toledo have maria flag warning today about which is surprising because one is in triple digits they usually come lot off were in for very long fire season that starts a much earlier. today's going to be how olive vacancy there's a delay of million of robb's city. and yes reading to a heating up pretty quickly in the east where is 82 and fair for an, oakland where jack is that 67 o

the multibillion- dollar online auction site ebay be expanding to chicago.e comes after buying braintree in 2013. the company to hire an additional 260 employees over the next three years. if ebay spends $24 million on the expansion that will qualify to get about half the money back in illinois state tax relief. once to help u.s. workers get a college degree. the coffee kane will subsidize for employees to work an average of 20 hours a week. employees need to enroll at arizona state university. they can choose from among 40 subjects ranging from retail management to electrical engineering. the program as part of the effort to retain its workforce and save on hiring and training costs. >> an excuse to sleep than on the weekends. in the study about food labels and how some may mislead shoppers into thinking that they're actually thinking that they're actually eating well. tshi itoed®ny su it is really summer. the only thing keeping me from putting in 90 in the forecast for today is the possibility of an afternoon lake breeze. the wind is not very strong. gener

>> hands down, ebay has the best ipad deals, the biggest discounts, between 06 to up to $100 off thed models. >> don't worry, not like do you have bid. >> what happens is a lot of times retailers such as wal-mart, best buy, they have storefronts on ebay that they use to sell products to consumers. >> for something like the mack book air, no single retailer stood out of the pack. best buy had 17% of the deals, amazon 14%. i posted more information about this from deal news on cbsphilly.com and on my facebook and twitter feeds. reporting for "3 on your side", i'm jim donovan. >> all right, all about the deals. >> there you go. >> 52:00 right now. late night phillies action plus team usa gets revenenge against ghana in the world cup. >> also, how sipping too much can increase some cancer risk. details ahead in our health watch. we'll be right back. good morning nelly! woah. hey! have you ever tried honey nut cheerios? love 'em. neat! now you on the other hand... you need some help. why? look atchya. what is that? you mean my honey wand? [ shouting ] [ splat ] come on. matter of fact. [

for instance, ebay, a new update, you can up your bid on an ebay item without ever leaving the main pageyour iphone. you don't have to open the ebay app, you can do it seamlessly on top of that existing interface. we're going to talk about more about the competing threats from whats s wha whatsapp and glimpse. it's interesting to how it sees itself evolving. >> yes, the anointed ones. the a.pple halo. how to play the news out of the conference, it tends to be down for the duration of the conference, but up a month or a week later. apple shares trading up more than 1% this morning. time to own the stock ahead of the split? and joining us, dan niles, founding partner with capital one partners. great to talk to you. good morning. >> good to be on. >> no surprises, no hardware announces at this. did anything strike you as entering? >> caller: from a use you are point of view, i have a mac, several ipads, iphones, et cetera. there were a lot of interesting things i think from my end. you can use your mac now as a phone. so that i thought was interesting, accept the call, use the speakerphone

i've been speaking to analysts who consider this a gain for facebook and loss for ebay.pe is notes.com, a another big mover, analysts over there pointing out that the stock has run up over 60% since early may, while the interset sector is up only 11%, so valuation coming in as a concern for analysts, also referred to as the twitter of china, that stock is on the move, credit sweet putting out a bullish note. analysts forecast a bick jump, plus as strong -- as a driver of user engagement. speaking of chinese internet ipos, let's look at how some stock has performed. waibo up about 14%, and a pop you are lard chinese travel company up, and obvious referred to to as the amazon of china, that stock is up. wile we've seen choppyness in the ipo market this year, chinese internet stocks have performed relatively well. this ahead of ali baba, expected to go public later this summer. sue and simon? >> thank you very much. seema. >>> another important indicator potential a new data showing optimism among small business owners has improved. is this a sign to stay in stocks or indee

facebook trades at six, ebay at four. i think that's how he would say he's cheap. he's not quite where facebook's multiple is. >> the most interesting hinge about this was the line in the blog post on friday where they said, okay, this is going to be a $1.4 billion raise. we've closed $1.2 billion of it. and we're still in the final stages of securing some investments. that leads me to think are you getting a ford or a gm or a tesla or one of the strategic auto companies to back you? seeing a combination between some of these big three automakers and uber i think would be just the -- >> you could argue google is strategic now that they have driverless cars coming. >> it will be interesting to see once they close that portion of the investment round, too. >> i think what a lot of people miss is this is not a black car company. this is a software and logistics company and the potential if they manage this right is absolutely huge. here is a company that has figured out, first of all, how to get a huge piece of revenue per transaction, mobile first company. but it's a

ebay currently trading down more than 1.5%. >> two of the latest jobs report, the headline, the u.s. economy has now recovered all of the 8.7 million jobs during the great recession, 217,000 new positions created in the past month. the unemployment rate held steady, so how is it plays out in the market? if you've been watching all morning, you know the dow and s&p now sit at record highs. investors now on dow's 17,000 watch, as we're about 92 points away from that. the s&p on s&p 2000 watch. let's take a look, the industrials up about 72 points, 16,909. the s&p 1908, again about 0.4. nasdaq at 4316, up 20. russell up 11. it's the biggest gainer in percentage terms on the day, and the ten-year note yield sits at 2.58%. wall street's so-called fear index, the vix now at a one-year low. so let's get to trading action, such as there is much trading action, bob pisani, there hasn't been much in recent days. >> there hasn't been a lot of volume. that was the subject of the recent conference on exchanges that we had with sandra o'neil just a few days ago. it's not a roaring recovery, tyler,

ebay says they are offering incentives for any inconvenience.based businesses like robin. a new survey finds a quarter of americans stopped shopping online over security concerns. >> we have seen consumers react with pocketbooks and stop shopping online and companies that have been breached. >> reporter: with vendors selling less, there's a ripple effect. her mail carrier has noticed. how long do you think it will take to get your business back where it was? >> at this rate, another quarter, three months at least. >> reporter: small businesses are feeling a pinch. experts believe buyers will return to the keyboard. and the stores that never close. for "today," janet shanling nbc news, colorado. >> you can find more on today.com. >>> we want to turn to jean chatzky. as we look at what we are seeing as we talk security breaches, how widespread is the impact when it comes to small businesses and the rate we are all shopping now? >> it's very wide. the reasons for this is that 40% of all u.s. adults have been subject to one of these breaches. of tho

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it is growing much faster than the rest of the ebay, even though they are investing so much into it. it is shocking to see him leave that company. but the guy is well respected in silicon valley. a testament to mark zuckerberg in his ability to recruit some of the best talent. heartfelta quite post in leaving. it is interesting, he will not be leaving whatsapp, that is completely separate. have 200 million monthly users, 12 billion messages shared every day. the numbers are enviable for any startup. >> i was on with trish regan when the news broke, and she was talking about carl icahn's take that the company should be split. with the faster growth of paypal, they might have had evaluation, but also much greater reward for the people that worked there. carl icahn made the point that by being part of ebay, it does not get the best and the brightest because that big lottery ticket the stock asions is not lucrative. is going to a company that has the kind of growth we have seen out of facebook. >> i wonder if this is a big loss for paypal. should paypal be a separate company? a lot of th

there is a whole executive team reporting to john donahoe at ebay.f you are a paypal employee, you might wonder what it means for me but also incoming potential executives joining the company. it's a big time of uncertainty. >> is this standalone app strategy going to work for facebook? it has not worked before. they accidentally release an app yesterday called slingshot which seems like a snapchat competitor. i don't know, do you see this having likes? >> it's too early to tell but one thing it offers is the opportunity for german tatian. -- for experimentation. they can experiment in messenger prior to rolling it out in their entire suite. >> do you think they release that by accident? >> i could not tell you. >> how do you release an app by accident? to medication, not just broadcasting generally to your friends, is something facebook will have to get. we are seeing snapchat really come up. >> david marcus was one of the first guest on "bloomberg west" when we started the show. what do you see as his trajectory? >he could have been the ceo of a co

typically, you are either competing with amazon or ebay directly.e the best of amazon and ebay and combine it with the social side of interest. pinterest. alibaba is interesting. the unique thing about us is, what we have done is build upon 400,000 closets today. that is pretty unique. a billionghly half items shared in a given time period. >> thank you for joining us. very interesting. coming up, just-in-time for the weekend. a brewmaster joins us to talk about the business behind america's favorite summertime beverage. alix steel will do the interview while i drink a beer. ♪ >> it is time for today's latin america report. nissan is headed to mexico. they will produce luxury vehicles and a new $1.4 billion factory in mexico. the biggest project to date in their four-year relationship. the german and japanese automakers will assemble as many as 300,000 mercedes-benz and infiniti compact cars in the facility near nissans plant in agua calientes. they will roll off the lot in 2017. it's officially summer and we are headed into the fourth of july weeke

marcus will be leaving ebay's mobile payment company to run facebook messenger.hat does this mean for facebook's future? we are joined along with ceo of a company that recruits for facebook and others. this took a lot of us by surprise. were you surprised? this is a big talent move. >> three years into their gate, it's a lot of times -- the notion of running a 70 person company is different. >> is this a step up, down, or sideways? >> facebook has 14,000 employees and facebook at 7000 -- they have more users than active accounts. the clichÉ is true, he will have a much bigger impact. >> let's talk about the numbers. whatsapp is completely separate and there is confusion about what the relationship between facebook and whatsapp is going to be when the acquisition is done. >> it's a big question. >> if messenger becomes what facebook uses for payments, you can't imagine a better canvas. >> let's talk about the payments angle. could they be working on a payments product that facebook has dabbled in but not quite worked out? >> the payments are quite different. the t

there is an ebay version that was initially here in germany, groupon called citi deal. . you darlinguber for eharmony. they took a look at what they're planning on doing. 3-5 billion euro valuation. that is a lot of money, guys. prepare that to whatsapp. to whatsapp.at it is not based on these pie-in-the-sky star of growth models, it is a little more grounded. and ironic for a company called rocket. >> imitation is the sincerest form of flattery. the does this say about german ipo market right now? >> it is heating up. this could be a sign that breaking through the sound barrier for berlin to have a big billion year exit. startup that is identified with a singular product. you always have to explain what rocket is when you are talking about it. it will mean something. we'll see whether or not that cash gets plowed back into the ecosystem, cash and expertise, and whether berlin takes off as a rival to london or silicon valley. it seems like that is a couple of years away, guide, if it ever happens. withast to come close london, let alone silicon valley. >> hans nichols joi

ebay is moving ceos. it is acquiring messaging startup whatsapp. for $19 billion. offerson foods raised its for hill scheier brands, outbidding pilgrim's pride. $55 ams withdrew its share proposal. back to you. >> thank you very much, carol massar. another big headline, time inc. traded for the first time since spinning off from time. -- time warner. they saw their stock tall one percent. -- fall one percent. >> i think we have the opportunity to super serve our customers in ways we have not done before because in time warner we were stuck in a box. we are breaking out of that box today. >> one of time's properties is essence magazine. the cofounder and the author of the new book "the man from essence," edward lewis joins me now. thank you for being here. let's start off with the time inc. situation. it is an irony that they are spinning off their magazine and media business into a separate company and that is at the same time as your book comes out. what was it like when you first got involved with time? they had a 49% stake in the company for a long time. >> when

carl icahn was at war with ebay over whether or not to spin off paypal. they are down.e paypal is leaving ebay to join facebook to run facebook's mobile messaging business. he will report directly to mark zuckerberg. that is a high profile higher. -- high-profile hire. >> this guy out his kicks at the world cup. vip security agents watch your back. stay with us. ♪ 37,000e were more than muggings and real alone last year. more than 50,000 murders across the country of brazil. you have quite a cocktail. now you begin to understand all security concerns around world cup. sap should be a big concern for everyone traveling to the games and it's a big opportunity for security firms. here's an inside look at the price of personal protection at the world cup. >> there is no value to human life. they will rob you. if you resist, you will be gunned down. with no remorse, they will do it smiling. of -- this isent my security team. we know we will have demonstrations and stoppages, strikes and so on. it's how big, how violent they are that are still unpredictable. this could be a s

max, ebay what did they have been called and they have all fallen victim to cyber attacks.ness for the palo alto that is capitalizing. since the company had the ipo in 2012 of 20 percent over just last month how do companies protect themselves? what is the biggest threat joining us now is someone who knows. mark mclaughlin ceo and president of palo alto networks we have talked incessantly it - - incessantly about cyberattacks but quit is the latest news that is the most worrisome to you? >> the problem is all threats are hiding in plain sight in applications that come on to the network. the more times people use third-party applications for business or personal day bring it to the company and the bad guys know how to hide inside those applications. liz: you optimize security for big data for corporations but what have you found? are you keeping up with the of bad guys? >> we have said different philosophy we also have very sophisticated capabilities to enhance those over time. so let customers find with the palo alto network's the threats posed down dramatically they can us

so topeka says hold ebay. this one is kaymerix. initiated by -- cmrs is only the ticker. there's year under the radar name buffalo wild wings. people waited more than an hour. >> oner lick securities to buy, a price target, stock's at 163. richard ross, and david seeburg, i want to start with you and the technicals. how are they looking? >> brian, yesterday's breakout was -- i would not be a buyer of the stock in here. >> then to over 160. and of course we see yesterday's breakout. i wouldn't chase it on the breakout and here's why. you can see a fantastic move in the stock. over above that -- now we're into resistance at the high end of this trend channel at the tail end of a fantastic five-year run. don't chase the stock, consumer discretionary and restaurants are under pressure somewhat this year. this one has been an outpurchaser. use that strength to sell into it, take some proves on this world cup hysteria. >> fundamentally i agree that it's did -- i think it's a great company, and definitely deserved a premium, but they've b

. >> i take profits, ebay, i think ebay is up 48 stop on the down side. >> karen. >> here's one we founddoghouse, adt. i actually like to look in the doghouse, sometimes we find good values. they blew it with the buy back. i think it's active here. >> letter x marks the spot. u.s. steel. >> i'm melissa lee, thank you so much for watching. meantime, "mad money" with jim cramer starts right now. . >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts right now. >> hey, i'm cramer. welcome to "mad money." other people want to make friends. i just want to make you some money. my job, entertain, coach, teach, call me. 1800743 cnbc or tweet me at jim cramer. what

right behind it. >> thaanthony. >> we like ebay here. cheap stock. this is a buy.ut the chips. broadcom had a big day but -- >> like that? >> giddy up! >> you guys should hug. >> romance. >> all right. anything else to say about marvel? >> i was going to hug see you tomorrow. meantime, jim cramer starts with "mad money." >> my mission is simple -- to make you money. \s. >>> there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money", welcome to cramerica. i'm just trying to save you money. call me at 643-c northbound, tweet me ad jimcramer. >>> why can't we just admit that some s

the minimum bid starts at $25,000 on ebay. the annual auction is in its 15th year and has raised nearly $16 million for glide. >>> still ahead on abc 7 news at 9:00, the new report finds the nsa is building a network to track people's faces on surveillance video. >>> plus republicans will pick their candidate to run against jerry brown in the fall. >>> the government has a new plan to cut air pollution by a their in the u.s. a look at how the epa plans to make it happen. >>> in the weather center, we had a beautiful day. i'll have your neighborhood temperatures coming up zblx and. >>> and dish customers can now watch abc 7 news on line or on tablets. click on the watch abc logo to click on the watch abc logo to find out how to access i ithe part of us that a littwants to play,on. wants to be mischievous, wants to run free, all you have to do is let it out. find your inner minion only at the despicable me minion mayhem ride at universal studios hollywood. >>> on tuesday, california republicans will decide who will run for gover

a possibly ebay phone? the same with amazon, isn't it? >> won't jeff have more control over the products and the content that he's pushing out for those consumers? >> i don't look at a phone as something that i use to do that. i just. >> no, i think. >> it's to surf the web, use waves. projections. >> not from our standpoint. >> i am on this all the time. i buy stuff on this thing. it doesn't matter to me. >> where do you put the credit card? let me see your phone, do you slide it lou? >> there is no slide. type it in. >> we'll talk more about this. and i don't think he needs to sell that many for people that have to use it all the time. gm ceo mary barra takes the hot seat. phil lebeau will talk about nardelli and the whole situation with him. >> joe, it will be interesting to see when pare barra is testifying today whether or not we see as many fireworks when she was here 11 weeks ago. keep in mind at that time there were a lot of questions regarding the ignition switch recall that we did not know about.

well, it kind of emerged out of a conversation, so ebay, yes, there was the bidding and ebay was thesiness. but it was through social media that i really connected with my customers, and this was back in late 2006-2007 when the business started and really began to take off. i was there behind the computer answering every single one of their questions, reading what they had to say about what they thought about the product or the models and learning on a very qualitative level, like, what our customer liked and what she didn't. >> so what are your pieces of advice to millenials? what do you think they need to know as they go out into the world? >> don't act like you've arrived when you just received an invitation, which a lot of people do. they get their first paycheck, their first promotion and they're like, whoo hoo, and maybe don't plan their finances as well as they could. at nasty girl, i always sock the profits back into the company. i paid my first employee more than i paid myself for a good while. it was just fun for me watching the cash kind of pile up. i didn't want to do any

bottle openers featuring uruguay soccer star luis swarez are spopg up on -- are popping up on ebay. he was suspended for biting an italian player in the world cup. other world cup news with nydia. >> reporter: there's something to keep your eye on during the world cup matches. a beechwood ocean county man will be a man to handle the france versus nigeria match. he was chosen after his strong performance in the group stage of the tournament. >> happening today, philadelphia kicks off the week long wawa welcome america celebration. today's events include children's story time at the academy of natural sciences, i'll be among the readers along with mayor nutter. children will enjoy the free admission as part of the go forth and learn festivities. 6abc.com has everything you need to know about the wawa welcome america festival. we have posted day-by-day listings of all the free events. find it all at 6abc.com. >> you'll be hosting the big ceremony. >> we do the parade. independence day parade. >> the death of a toddler left in a hot car. more of what the police say the mother did before

stuart: you can sell it on ebay sunday. would be high-paying jobs. what do you say? liz: the midterm elections, we have a minimum wage fight and really low-paying jobs pouring into the u.s. economy. the vice president is trying to get in front of that as median household income has plunged around 7% since 2008. stuart: what do you have to say? joe biden and and a side says we never promised they would be high-paying jobs. >> not surprising from joe biden but if you ask the average american they are pretty upset about this, we have low-paying jobs in this country and it is a particular dynamic that big muscle jobs are cheap and that is not here and for americans i am on my third career. if i didn't have a job i would be in a bus to idaho looking for a job in a more friendly environment so i am not surprised he put his foot in his mouth. he has done it before. stuart: i want to press home the accuracy. it is through to state that a large majority, more than half of all the jobs created since we went into this recovery have be

i like yao and ebay. they both -- yahoo! and ebay.aven't participated, so look for those to play catch up. melissa: alan, how do you feel about apple today? do you like it at all? >> oh, yeah, i love apple. my target's up at 690 and then making new highs. it seems to take a little bit of a break after this very quick move, and you're seeing some sell-the-fact type news, but it'll be back in play once again. melissa: alan, thank you so much. seattle is set to vote on raising its minimum wage to $15 an hour. chicago might not be far behind. action now is one group also calling for a hefty raise to $15 from the statewide $8.25. but business leaders are still thinking the hike will hurt a lot more than it'll help. illinois policy institute's john tillman is here along with action now executive director caitlin johnson. thanks to both of you for joining us. caitlin, you conquered $15 an hour. chicago's unemployment rate is 10.9%. isn't this a you have tough time to be raising -- isn't this a tough time to be raising minimum wage that much?

bidding on ebay ends friday. >>> it's an interesting combination but a delicious one. tony and stephanie are cooking up pasta with sausage and chick peas. >> chick peas, sausage, pasta, this is a fun dish. >> i really like the kind of pasta we're using with these chick peas. we're using shells. the chick peas end up going inside. it's fun to eat that way. >> sweet onions, you only have to cook for two minutes and they become very sweet. >> they caramelize very quickly. we crumbled up some sausage. you break it up while it heats up. we added a little tomato paste. that also helps as a binding. fresh italian parsley. >> no salt because obviously the sausage has salt already in there. just a little red pepper. >> the chick peas have a lot of salt, too. >> one thing i forgot, the cheese. >> i think it's good like that. >> we'll save it for another time. this looks wonderful. thank you. beautiful. >> baseball fans checking a new stats it particular, not rbis. a reminder, if you have a consumer problem or question call our hotline. ,, oh chris, did you remember to pay the do

the minimum bid is $25,000 on ebay. the annual auction is in its 15th year and has raised nearly $16 million for glide. last year's winner played with $1 million to eat with buffett. >>> still ahead at 6:00. a new report found the nsa is building a network to track people's faces on surveillance video. how it's using your information to build the network. >> plus, republicans will pick their candidate to run against governor jerry brown this fall. we'll look at the front runners to win, and the government has a new plan to cut air pollution by a third in the u.s. a look at how the epa plans to make it happen. >> i'm frances dinglasan in the accuweather center. temperatures will tumble tomorrow and then we have a warm up. i'll let you know when he witness the 90s. at shell, we believe the world needs a broader mix of energies, to move, to keep warm, to make clay piggies. that's why we are supplying natural gas, to generate cleaner electricity, that has around 50% fewer co2 emissions than coal. let's broaden the world's e