shares of ebay and amex moving in opposite directions this morning.y, the number one loser in the s&p by a fairly wide margin, the company beat estimates, the top and bottom lines for the recent quarter but disappointing. the amex results above estimates, raisinging its outlook for the year. card spending, of course, is usually the metric we look to. but in this case it appears costco, that liability was absorbed and a lot more emphasis on premium cards. >> analysts, i think, set low expectations because it was the first full quarter without any of the benefit from the costco portfolio. amex beat across the board but in addition to guidance they did say marketing spend will be up very big in the fourth quarter around the holiday, around small business saturday. so we know people are trying to put a fine point on exactly what that could look like. >> lowest quarterly revenue in five years and yet they're le leading the s&p. john, over to you. >> thanks, carl. as spider-man says, with great power comes a lot of responsibility. a lot here. some of the si

the credit card company's weaker than expected sales and higher than expected costs could lead to amex cutting its guidance. from $62. its price target to amex shares were off nearly 4%. >>> costco, the company that dented american express by ending their card relationship recently, posted a 1% rise in same store sales in september, topping analysts' estimates. the discount retailer said overall sales rose 3% in the latest quarter. shares finished the day down 51 cents to 149.47. >>> hill brands posted better th store sales in september. the parent company of victoria's secret benefitted from strength in its bath and body works brand. elle brands up 1% to 71.16. >>> a different story at gap. the apparel retailer said its sales fell 3% and a fire in the new york company's distribution ce pressur results. however, gaps' pants on fire decline was less than wall stre expected. shares initially rose after hours, add to go a 1% gain during the regular session. shares finished at 22.78. >>> investors may have noticing a curious thing happening in the market. the sectors that started the year

amex initial numbers have just come out.nly have the bottom and top line. $1.20 -- when it comes to the revenue line, $7.8 billion, higher than what analysts were looking for, they were looking at $7.7 billion. looking at the shares in after-hours trade, moving up. matt: they will bounce, because 2017is raising its guidance. as you get more details you will see the stock rise. right now, a gain of 2.5% on american express. aarlet: looks like we have different number, maybe $1.24. either way -- matt: the guidance is more important than historical numbers. the market has to be semi-thrilled with that. scarlet: given the stock reactions, they are kind of happy. let's move on to ebay results and inflation. we have data showing how u.s. data inflation rose at the highest taste and five months september. is the trade now starting to pan out? martin hagertyis . when you look at that inflation data, are we at a turning point where it is now sustainable and we will get to a point where the fed will let inflation run hotter than its 2

in jacksonville do have the bay area all to themselves to solve some of the cubs the amex is so dramaticke over your living room tv experience >>gabe slate: choose a surgeon deliver live program live news and sports there was a big problem with this apple tv is possible there will have them in the near future but for now is not include an that launched in december male announcer:this is the bay area news station,kron 4 evening news starts now. it comes one day after he was found dead on his on ramp to interstate 80 in richmond

. >> amex, able to absorb the costco blow? >> yes. sometimes you just got to say, look, i own the fact that i had been negative on this -- 25 points, i felt really good about it. i overstayed my welcome on the negative side revenue growth plus two they really did accelerate numbers. they're doing a lot of things that are finally investing. i thought it was interesting. i don't know if you've been to a senturion. >> high end cards is what it's about, right? >> yes, i always thought why can't there be a great lounge, i found out because i was a platinum member. this is happening. it's a pilot project, but i'm impressed american express has finally gotten past this and finally start spending. a lot of us felt it could never get better and it just did. >> finally on verizon, postpaids down in q-3 for the first time. >> that was really a disappointment. a lot of people looking for 875,000. you know, look, i'm going to tell you when i see the actions of what sprint and t-mobile are doing, they're so aggressive that it looks like it really c

it could be that amex needs to amp up its market and ing and rs program at a time when they're tryingtighten funds and restructure. the government is waiting to see if all those things change its guidance for the year. >>> we also have e-bay and mattel reporting. how are you going to do this all next hour? >> are you going to help me out here? >> you can handle it, i'm sure. joining us is courtney gibson from luke capital. you like netflix, especially after these big numbers they reported? >> absolutely, yes. we were joking about the whole netflix and chill. that's essentially what everyone is doing these days. netflix has plenty of room yet to go. >> even though they're spending, what, $6 billion next year on content? >> well, the couldn't tent, if you ask me, i'm a consumer lover, i absolutely believe content is what's driving the growth at netflix. yes, they have tons of old movies from the '80s, '90s, et cetera, but that original content from stranger things to luke cage to all the disney content that will ultimately be on there, they have a significant advantage over the other pl

amex is way up, up 5% now. melissa?elissa: polls showing voters think one of the nominees is better for the economy. who is it and what does this mean as we get closer to election day? former member of president obama's economic team robert wolf weighs in. >>> plus the rnc is under attack as another gop office is struck by vandals. the rnc tells us how they are responding. that's next. . . these goofy glasses. yeah. well, we gotta hand it to fedex. they've helped make our e-commerce so easy, and now we're getting all kinds of new customers. i know. can you believe we're getting orders from canada, ireland... this one's going to new zealand. new zealand? psst. ah, false alarm. hey! you guys are gonna scare away the deer! idiots... providing global access for small business. fedex. the uncertainties of hep c. i don't want to live with or wonder whether i should seek treatment. i am ready. because today there's harvoni. a revolutionary treatment for the most common type of chronic hepatitis c. harvoni is proven to cure up

the former head of amex will take over the helm of visa later this year. >>> the labor department announcing that u.s. consumer prices were up in september mostly due to an gas prices. global stocks are rising. a live look at the dow up 132 points. >>> happening today, there is a status hearing scheduled for the man accused of killing his daughter throwing her off a bridge. the state mental hospital report on john jonchuck's current mental status will be unsealed. last april it was determined he was mentally incompetent to stand trial. in january of last year, authorities say he threw his her. >>> police in utah are looking for a father who left his 5- year-old daughter alone on a college campus with temperatures dipping below 39 degrees. you can see the man on camera here dropping her off, giving her a blanket. the girl's mother says he told the daughter to shut up, lay down and go to sleep. she did sleep there for up to two hours before a security guard found her. the girl's parents are divorced. she was staying with her father and his family that night. police are trying to questi the fat

get out your amex with the investment in the stock. it is up at plus 40. it is making progress. moment by moment. we will get you in ups and update straight ahead. and as we mentioned the war in the middle east not the only threat the low price of oil is wreaking havoc on the house. we ship everything you atcan imagine.n, and everything we ship has something in common. whether it's expedited overnight... ...or shipped around the globe, ...it's handled by od employees who know that delivering freight... ...means delivering promises. od. helping the world keep promises. when a moment turns romantic, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess

oversaw the company's reunion of its european affiliate is stepping down and be replaced by former amexresident. in a note to employee he said he needs to spend more time with his family. >> we need to be on the east coast more than we're able and, therefore, i don't feel like i can spend the time necessary in san francisco to do this job properly. >> speaking on a conference call there with investors and "forbes" has a nicing write up about his success as a ceo. visa stock surged 130%, operating income rising 26% between end of 2013-2015 outperforming other credit card companies at a time american express faced a lot of challenges because of competitive pressure with visa and europe visa integration as touted as one of the big ones. new ceo could face challenges. they are competing in a broader world where there's paypal. >> absolutely right. face challenges in relative price point performance. so he has his work cut-out. he says it's very much just personal reasons. shares did sell off a little bit on fears it could be something else. or the company will lack his leadership. quite a n

we have a $100 amex gift card for your fantastic performance and pringles will give you a year's supply of pringles. >> wow! >> so maybe not salt and vinegar flavor, but we'll get all the other flavors that you guys like. congratulations. i'm not going to mess up your work. al, back down to you. >> that is impressive. we're back now and entertaining expert maureen has great ideas to help your guests have a good, ghoulish time this halloween. >> you are back. you look so cute. >> smarty pants. >> you got it. >> so last-minute ideas. anyone can celebrate this holiday. i love to really get into it, but you don't have to spend a ton of money. this is a centerpiece right from my backyard. branches i spray painted black. >> you killed some birds. >> i got some birds and filled the vase with candy. it's so simple. it makes a big statement. and then when it comes to drinks, this is the only season we love to get things smoking. this is food grade dry ice. see how tiny it is? i'm using a metal tong. fun, fun, fun. >> you don't want that to touch >> you never want to touch exposed skin because yo

however, if you go further down gets down toet down tit the unique than amex. -- it gets down to the unique dynamics. manus: it has risen by 24 basis points, the highest since 2014. >> that is anticipating it will be passed on. if the u.k. is an open economy, like in sweden and switzerland, we can see manufacturers that don't want to pass that on to consumers. however, it is not a free lunch either. so, they will have to absorb the higher import costs in their margin. that will not be a positive story for the stocks. we have to be very careful who is hedged and who can absorb it better. anna: who is in the market and invest. as you mentioned, lunch, we have a trading update not long ago. people have been feeling the pressure already from the weakness in the pound, in terms of the import costs. prices can be quite sticky. geoffrey yu, thank you. manus: we look at industrial production for the month of august at 9:30. anna: at 1:30, the much-anticipated u.s. non pharm payrolls. the function on the bloomberg, whis pay . tell me how you say that. manus: and in the evening, we get the

find a loan with an existing bank or alternative lender that's already out there that led you and amexe, and how do you protect against the down side? >> well, unfortunately, a lot of small businesses can't get access to that loan. many time, loans today are based upon their individual credit score, their fico score. and many small businesses have borrowed money, they've hocked their credit cards, put a second mortgage on their home, so they don't show up as being that creditworthy. but inside of basquickbooks onl, we can see your records outstanding, your records of paying bills on-time and we have an alge rilthm and we have taken a 60% decline rate from other lenders and turned it into a 70% acceptance rate. we've facilitated over $500 million worth of loans, and now with american express and working capital, they can do things like taking out standing invoice and take a loan against that invoice. and we think this is incredible. this is important for small businesses. >> brad, what's the low-hanging fruit, if any, left for a product like quickbooks, besides just retaining the custom

oil fits into the global than amex. i think everybody thought the u.s. faster than it has an much deeper than it has. countries areec still having to try to sort their way through. how do you deal with a new production source that comes on stream so fast that you cannot strategically plan around it, like you could for decades with other non-opec production? francine: no one knows when the oil market actually balances. skip: what we do know is when you cut capital in the upstream with non-opec entities -- we are spending less than half of what we were spending in 2014. you cannot cut that much capital out of the upstream part of the industry and not have a boy in response. we are seeing that volume response. market is heading toward rebalance. because we did not have the production cut at the beginning of this correction, we do not know how long it takes to get there. francine: callum, do you agree with that? it seems like every time you say the oil market is about to rebalance, that keeps getting pushed back every six months, six months, six months. call

going to give up the amex give up to be one. go for a freeze it locks and inferiority in europe. all of these things unilaterally before they're willing to talk. they may just what are now for four more weeks who knows. >> you were once quoted as saying that a nuclear war is winnable. is that still your belief and. if not under what circumstances would you use nuclear weapons. >> no i don't think it's winnable. i was quoted wrong obviously because i never thought that the soviet planning i did learn that when i was director of central intelligence and i don't i don't think there'd be any disagreement is based on that ugly concept. but i agree with the president , it should never be fought. nuclear weapons should never be fought with. and that's that's that's our approach so therefore. let's encourage the soviets to come to the table as we did the gromyko meeting. i wish everybody could have seen that when the president. excellent. right on top of that subject matter and. i'll bet you that gromyko went back to the soviet union saying hey listen. this president is calling the shots

payment processes that consumers can go to now, and i think amex is in for a rough right here.surprise? just quickly, scott. >> i think it is real limited. any sort of good metrics, there is really a lot of downside pressure. from fundamentally and the technical standpoint, very limited to the upside. julie: all right, we will get those headlines in a little bit. great to talk with you. we will be watching for those numbers after the close of turning. this is bloomberg. ♪ hii'm here to tell homeowners that are sixty-two and older about a great way to live a better retirement... it's called a reverse mortgage. call right now to receive your free dvd and booklet with no obligation. it answers questions like... how a reverse mortgage works, how much you qualify for, the ways to receive your money... and more. plus, when you call now, you'll get this magnifier with led light absolutely free! when you call the experts at one reverse mortgage today, you'll learn the benefits of a government-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-fr