pal pypal's stock the new paypal ceo runs a self-employment group at intuit and takes over from dan shulman. david faber breaking that news early this morning chris leads a division at intuit, overseeing $12 billion acquisition. that search included ceos from both think tank and consumer companies. they narrowed that down to four companies before choosing chriss who takes over in late september. they met with 20 members including elliott management when took a $2 billion stake in paypal last year even though they say they had no role in that search. shulman announced his depaprtur in may he is known for brain tree venmo but paypal has struggled to make money off venmo and its $45 billion pinterest deal is seen as a smudge. paypal has a lot of competition from apple and others. wolf research says it could be a driver for shares to stabilize chriss' experience in small business space and acquiring assets is key to paypal's strategic objectives they're hopeful for him to drive monetization some are cautious about his experience in software as opposed to payments and e-commerce still a show-me

alex chriss replacing dan shulman.ou mentioned turnarounds, jim i don't know if you could term it that. the board says, listen, the businesses he's overseen at intuit have become customer growth engines and platforms for small to mid market companies and entrepreneurs. he's led, by the way, the small business segment at intuit for the last five years. he's grown business and customers at a compound rate of 20 and 23% respectively. >> paypal used to be that. >> board has indicated to me they reviewed as many as nine candidates, took that down to four and made their choice of mr. chriss recently. also having spoken to as many as 20 investors around the process, trying to get a sense from investors as to how they were thinking about the company >> well, square and paypal have been the two losers, and then one of david's favorites, visa, and mastercard, have been the two winners, and if you look at the visa and mastercard moves, these are basically saying, okay, look, that was really fun with the fintech glad you had a goo

previously working with a small business and self-employed into it he will take over from current ceo dan shulman corporate shoveling news, paypal up nearly 3%, time slightly lower down about 1% after it announced carlos abrams rivera is going to take over this the company ceo, that is effective starting january the first. he'll be taking over for miguel patrizio who is a craft tyne ceo since 2019. the stock up 1%. oil under pressure on concerns over china's faltering economic recovery ahead of the energy fund will be next on where prices are headed. that is a good question, the closing bell rings in about 32 minutes. we wiwe'll be right back. get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. >> woman: why did we choose safelite? >> vo: for us, driving around is the only way we can get our baby to sleep, so when our windshield cracked, we needed it fixed right. w