so, let's move on to ebay. their shares up nearly 4%, just today, as investors watch for clues about the company's growth plans on this, which is ebay's investor day. ecommerce companies trying to expand globally and use mobile technology to hit some very aggressive targets. >> joining us now is ebay's ceo, john donahoe. he's lived with an exclusive interview for us is and we're also joined by our own jon fortt. so how much do you want to grow in the next two years, i guess, is the big question, mr. donahoe. i'm sure you want to grow quite a bit. but tell us how you plan to do that. you've put out some pretty aggressive targets. >> well, sue, what we said this morning was that last year, we enabled over $175 billion of commerce across our properties, ebay, paypal, and gsi. and in 2015, we want that number to go to $300 billion, where we enable $300 billion of commerce. and what's happening, the reason that we're able to do that, is that mobile technology is completely blurring the lines between what used to be

i am looking at ebay, apple, and google. i am going to go with the trend - the trend is your friend on these. very, very simple: ebay has been a buy on any pullback. we saw a huge pullback yesterday, $1.70, about a 3% pullback. ebay is very strong this year. it is up a little bit this year. however, with the recent pullback i am looking to get long it. i didn't want to jump on yesterday, it's like catching that falling knife. i want to see a little consolidation. i look to trade stocks on the day trade around the 30-minute bar, so i am want to see a little bit of buy pressure, then i am going to get long. i want to get long ebay. i will have a stop under $51. the next one i want to look at is apple. apple, lower lows, lower highs, continued pressure. i talk about this $435 level. it is resistance. i am looking to get short apple on almost any rally. $435 was support. it should act as resistance, so i want to be short apple. the last one is google. google has been a beast: 52-week high almost every day. $7 pullback yesterday.

let's see what twitter thinks. >> you picked ebay. >> guy and the viewers picked ebay, but advancing round is disney. disney's the winner here. >> why is disney at home and health? >> ask the executive producer john malloy who formulated these brackets. what is home and health? >> i think he made it up. >> but anyway, you did a good job, john. to see the pullback of all of the stocks in play in our competition, log on to fastmoney@cnbc.com and you can get in on the game by tweeting us, tell us which stocks you're picking by using the hash tag madmoneymadness. >> the audience is the fifth trader. >> love that. >> yes. >> very good. >> there are winners and losers in this world, people. >> not everybody gets -- >> this binary world. >> yes, sometimes it is. still to come -- >> no, all the time. >>> the viewer tweets lighting up our twitter feed. we trade them live next. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way yo

so dan, we go to you. >> ebay. it's flat on the year.fter the monster year it had last year. it came back down to support. almost touches 200-day moving averages. if the s&p stabilizes, this one could bounce. >> keith? >> ebay looks like hell to me. it's like they're missing a couple of legs here. this is good stock, fundamentals. today, had a great housing starts number. if you want to be long housing -- >> if you're bullish markets overall, isn't there a notion technology should play catch up a little bit? >> i go in the dressing room, see if the chart, ebay's got a broken leg. i'm not going to buy this. >> karen? >> i'm going to go with ebay. i love the paypal business. i like it. ebay. >> he's like the butler coach that nobody heard about until they make it to the final four then everybody wants to hire him. i'm betting on the ceo. home depot. >> so this is going to be the tiebreaker. let's find out who you voted for on twitter. it was obey. the winner. you guys called it out there in our match-up. to see the full bracket, be sure to

ebay, amazon. anybody -- where do you go?o you have to make a choice between the two, what did you do? >> eastbound at 19 -- eerks bay at 19 times earnings with the recent pullback i think is easy. >> i don't care what the auctions business -- this is about the continuing secular growth story of online payment, and ebay is going to be a major player there. they should change the name of the company to paypal. i don't want to hear about what channel checks are in the auctions business. it's irrelevant. it's moving the stock, what's moving the stock is future growth in the payments business period. >> all right. european markets closing now, 12:30 on the east coast. simon hobbs -- [ bell ] >> the european markets are closing now. [ bell ] >> as you see, scott, it is green across the screen. the fact that we've made gains on wall street has drugged the markets higher. only greece is in negative territory. you'll see the periphery, spain and italy, have rallied greater than others. good auction in spain at the long end. small auc

can't ebay be the last stuff that is not political? you haggle over a vintage rainbow bright that you may or may not have fall inon. it was an accident. there is no place on the internet is fun anymore. there are a couple of places i can show you. why did they take the money that was -- $800 he was already a lot of press. >> i don't think this is the first time they pulled something down. they were concerned about how it was being advertised. >> and it is a private company. >> we have to take a break because they are telling me we have to take a break. coming up, is a story so exclusive, blah, blah, blah, it is really explosive. >> what scandal has rocked the yoga world? what scandal hasn't rocked the yoga world. yoga is is evil. case closed. >>> leave them alone and they will call it home. new research, my favorite kind, shows that americans are moving from less free liberal states to more free conservative states. the study from george mason university, go fungal infections, measured freedom through tax rates and government spending

we're outta here. ♪ [ engine revs ] ♪ >>> ebay is >>> ebay is getting an upgrade from a hold to a buyat made that call is joining us, managing director of internet media exchange. why the upgrade, sir? >> well, a few things. if you look at the chart, the stock over the last 30 days is down 13, 14%. it was as high as 57. yesterday it broke below 50. the valuation is pretty attractive and in fact when you compare it to amazon, it's very attractive. you look at the core business. it actually continues to do really well. both for marketplaces and pay pal. and last but not least, and one of the reasons that the stock did go down, is because mastercard is in the process of imposing a new fee that will impact pay pal and to a certain degree there are still a lot of unknowns on that issue. but we effectively just ran a worst case scenario that would lead us to believe it's not a big deal at the end of the day. >> i really, really -- i'm glad you brought up amazon. here's the interesting thing. it feels as if ebay is upping the ante here. it's overhauling its fees. it's going to be a one-time

starting in april, ebay will let sellers list items for free. ebay will charge 4% to 10% items sold. the new fees are lower than amazon, which charges between 6 and 15% per item. >> sticking with the tech world, yahoo! on top to buy a stake in one of the world's most popular online video websites, daily motion.com. "wall street journal" reporting it could be worth around $300 million. google adding a filter to its image search to make it easier to search for gifts. gifts are the looping images edited together to make up a short video clip. you can see that horse trotting. to help find those gifts, go to google image search page. click search tools button and switch any type to animated. >>> go figure, it is the first official day of spring. we're getting a few raindrops on our head. christina. >> more on the way, marla and john. mostly cloudy conditions over san jose. getting a little break here. this is where most of the residual moisture is headed. quite a bit on the way. our totals have been really impressive so far. we weren't expecting a whole lot of rain. santa rosa picked up h

. >>> ebay's big goals is where we start our market focus for tonight. telling analysts, quote, we are now playing offense. ebay plans to almost double its active users, up to 200 million in three years by expanding globally and using mobile technology. the company's also planning to double the volume of its paypal unit to almost $300 billion. ebay stock closed up more than 4% to $54.22. >>> game stop was the top gainer on the s&p 500 thanks to better than expected quarterly sales and earnings. but the video game retailer warned of weaker than expected results for the year as customers wait for the rollout of new game consoles. still investors focused on the positive and shares jumped more than 5.5% to about $28 a share. >>> suzy, metro pcs is being sued by shareholders seeking to block its merger. earlier met repcs urged its shareholders to vote for the merger after iss, an advisory group, urged them to vote against the deal. during the trading day, investors bid up the shares of metro pcs on heavy volume, betting that t-mobile usa will have to sweeten

and stock five, ebay. an upgrade for this name. thinks now is the time to buy ebay stock.ssuing higher digital transaction fees. ever core expects that to be manageable for ebay. they say buy ebay stock. it's up nearly 2%. we have breaking news on one of the hottest trading stocks. greenburg greeting us by phone. >> i have been following this story for quite a while. one of the big growth areas is h h -- he says expertise is limited. that it varies widely from hospitals to surgeons. he said aggressive direct to consumer marketing may mislead the public into believing they are getting the best choice. this is a very significant development in this very hot stock. >> we're looking at a stock that ten minutes ago was higher than it is right now. it wasn't a direct knock at intuitive surgeical. robotic hiser ekt mys. >> are they the only player in the space? >> yes. >> it was not a direct knock? >> they didn't mention intuitive by name. they mentioned robotic surgeries. i will tell you that last quarter, his ekt -- part of th growth and procedures. i have reached out and they

. >> still ahead at 4:00 ebay expanding its same day delivery service now, competing with amazon and >> former dn drks -- nba star makes new, high profile friends in north korea. >> coming up at 4:11 checking traffic. wow. downtown skyway is jammed in both directions. bumper to bumper left to right going to lower deck of the bay bridge. not much better for folks heading southbound. stay with us, more still to >>> san francisco symphony is mourning the loss of their principal oboist. he was the principle oboist. he collapsed saturday night, he was also an instructor at san francisco conservatory yeef music. >> technology news, not only are smart phones becoming smarter, but tougher, too. same sung will protect phones from malwear used to steal sensitive information from phones. there are some reports that it will have an option to keep business and use separate but contained on one device. ebay offering same day delivery service to san jose. that is one uping amazon's service. customers can buy from local stores through free i tunes app called ebay now it and will be delivered in san

>> so ebay had a major pull back, came down below 50.t of jefferies they came out with a note today, they have a $62 target on ebay. they expect next week when they have their investor day, ebay may raise their guidance. so i think it's a great opportunity to buy the stock on this pull back. >> investors are showing new love for equity stocks like black stone. we have more details on that. hi, kate. >> hey, scott. this sector has been dogged by poor stock performance in recent years, perhaps led by the black stone group which went public at $31 and then traded at half that. but notably kkr and fortress are going gang busters these days. one name that investors are particularly liking as well is fortress. its shares are up nearly 70% over the last 12 months beating the s&p and peers by a long mile. some bulls are worried that it will get too late to get in as the rest of the market catches on. fort veress is the cheapest of equity stocks. figures from goldman sachs shows none of them are generating cash carry at the moment, whereas some f

. > ebay has an analyst meeting coming up this week, and already there is a lot of buzz that has been generating on the trading floors. it's a darling on wall street. is this stock a buy? > > i think so. we have seen visa and mastercard, big payment processors, really rally. ebay is less an auction company and more a payment processor, and i love this stock, and personally, i am long it right now via call options. > thank you mark. > > thank you. china's economy may be slowing, but the brakes aren't being applied at caterpillar. the american heavy-equipment manufacturer announced it's opening its 24th factory in china, near shanghai. our cover story takes a look at a business still very bullish on china. the expansion in china means caterpillar, the world's largest maker of monster-sized earth-moving and mining equipment, continues its focus building infrastructure in developing countries. but there is competition from within. "china wants to make that equipment." "they want to sell those products in south america because they want their natural resources from south america, so they w

and others think it might take on amazon or ebay. "ebay would be easeir because they don't have the retail infrastructure amazon has." despite groupon's stock plunge after its ipo, shares went up slightly with news of its founder andrew mason's firing as ceo. now comes the task of reconnecting with retailers who thought they never really got their money's worth of new customers after the initial group coupon - hence "groupon" - was cashed. "you do hear some merchants complain of 'bottom-feeders,' but i think the jury's still out on that." another problem - the business model was pretty easy to replicate, and plenty of imitators did so. living social, funded by amazon; scoutmob, which uses a phone app in roughly 20 cities; google offers, after google failed to buy groupon itself; and savvycircle, which targets shoppers of more than 200 specific retailers. "the way forward is to get a big retailer like nordstrom rack to let people know groupon's still relavent." it's hardly the first time an entrepreneur had a rough transition into bec

think about it as ebay but for car rental.so we built a marketplace that connects the buyer, who is the renter who wants to drive the car, with sort of the seller or the owner of the vehicle and we make that connection in our marketplace, in our mobile apps and on the web. we also prescreen all the drivers to make sure they have great driving history and driving records so that you can safely rent out your car to a prescreened driver. we also provide insurance at that covers both the renter and the owner for the rental. and so we really enable all of that to happen in our marketplace and we take our cut from the transaction. tracy: because insurance was a big issue to me. you're taking care of insurance, god forbid anything happens. >> yeah. tracy: how do i know the guy won't get in the car and eat a whopper, smoke a cigarette and my car will smell like crap on the way home? >> you know, that's a great question. we have feedback civil from the marketplace. you can check everybody's feedback. you see many could men terri from t

the first one is clearly the fact that ebay is a brand, right? it's like amazon. amazon, for instance only spends money on two key words, amazon and kindle. so the bigger the brand, the more known you are, the less money you really need to be spending on whole forms of advertising. that being said, if you are in the business of actually selling widgets that may not be, i.e., you need to spend money on key terms, the key terms that are hard to find. if you're not competing for that, there are a slew of other advertisers that will be competing for them. you know, you have to take that article with a grain of salt. >> and, you know, it does feel nonetheless, that google itself doesn't want to take the chance that it might be in jeopardy and therefore is investing in all these various non-core areas. i guess the biggest challenge is which ones to pick and choose. >> right. well, i think the big change which we have seenened larry page, the new ceo, the last 18, 24 months is the fact they introduced a lot more discipline is where the -- where the money goes into these

ebay will now charge between 4% and 10% per item sold.s are lower than amazon, which charges between 6% and 15% per item. >>> yahoo! is in talks to buy a stake in one of the world's most popular online video websites, dailymotion.com. "the wall street journal" reporting daily motion could be valued somewhere around $300 million. >>> google adding a new filter to make it easier for you to search for those looping images ed edited together to make up a short clip. click the search tools button, then everyone is to any type to animate it. >> little education to go with that. all right. >>> 6:58. let's get another check of the weather with christina loren to find out about the rain drops falling. >> it is aactually a pretty good time to leave if you are getting ready to do so. batch offshore near the south bay will come into play. we'll get a lot wetter throughout your morning drive. watch out for slick conditions. we'll continue to track these rain drops for you. i'm not going anywhere. let's check your drive with mike. >>> more traffic and

here is a statement that i have got from ebay.owever, we do leverage a few cloud technology including open stack so that we can architect or infrastructure. what is interest something a system integrator today released fuel which is a set of tools making it easier for people to move to the open source standard for the data center. prayers are getting lennox. a number of other players in servers. >> thank you very much. when goldman sachs talks, investors listen. a couple of big name stocks getting socked by downgrades. the dough down 108 points on the trading session so far. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln finan

pretty soon he had a booming business making over $100,000 selling these ill ported textbooks on ebay supreme court. today supreme court said that first sale applies to things made overseas as well. what that means is that you can now, or you can still sell anything that you buy that has copy righted material in it on ebay. even if it is made overseas. that would include books that are published overseas, but perhaps computers that contain software. even some kind of watches that have trademarks in them. lots of products. your car that you buy, your foreign car, it has probably copy righted material in it. maybe software. if this case had gone the other way, then anybody who is reselling used items. libraries loaning it out. used book stores, churches raflg things off, garage sales, flea markets, ebay, potentially anybody who sold that stuff could have been sued. today by a vote of 6-3, the supreme court said no. once you buy it, it is yours to sell. >> so smiling a bit more today. thank you so much. >>> time for the "news nation" gut check. next week the supreme court will take up th

>> gretchen: so this whole gun talk is going all the way to ebay.y wanted to auction off an autographed photo. here it is. what does it say in thank you very much. it's signed many years ago by jim carey. these usually go for maybe 8 bucks, ten bucks, something like that. but this one, because the guy had said that he wanted to auction off so he could go and buy a gun, of course, as backlash to jim carey's video that he put out against that, that went up to $860. but then mysteriously, the language was taken out of the ebay description with the word gun and now it just says something to the effect of, i'm selling this photo, but i can't tell you why i'm selling this for what i'm going to use the funds. ebay censored the words out. >> steve: we don't know if did he it or ebay did it. it sounds like some lawyers for jim carey got involved and suddenly it changes everything. >> eric: the good news is that picture is selling now more than the total box office receipts of jim carey's last film. >> gretchen: let's tell but this story because yesterday we

you mentioned ebay. ebay is against this.osing a carve-out for their business mold, but the brick and mortar retailers with support for some online retailers like amazon are pushing it, and haven't been able to get over the hump. probably faced difficult resistance in the house of representatives because of the no tax position taken by the house caucus but we'll see what kind of support they can muster this afternoon. >> we'll let you get back to the game. john harwood in d.c. >>> while this federal debate, anyone who flies or works in the airline industry may be about to feel the budget cuts. hampton pearson is live in frederick, maryland. hampton. >> reporter: simon, one particular aspect of the budget cuts is what happens to faa-manned towers at regional airports like this one here in frederick, maryland, the second busiest in the state of maryland after bwi with about 130,000 operations a year. it is about to lose its contract faa tower. they are waiting to find out. they are on a preliminary hit list. sometime this after

you have ebay down 2.5%.t auctioneers slowed in february as consumers cut back in spending. no more used showerheads at the moment on ebay. no, they have them, people are just not buying them. not quite the fireworks that we had yesterday, but the dow continues to write history hitting yet another all-time high. does that mean maybe the s&p 500 will soon hit an all-time high? will you feel better if you see the s&p make high? >> i will start to feel better. we have been very cautious about the dow hitting an all-time high. it is kind of a bizarre behavior. sectors and stocks are leading higher than what you would normally see. once we close above the february high, there is nothing to stop us from getting up to the 1560 level. i think we need to pull back a little bit. i think it is taking the cake. we will get there. liz: 1543. i am interested to see if anything close to that comes to pass. what happened when the numbers came out? we loved on the leads here. liz: didn't bother you that the sublessor cuts may

. >> other business news, samsung says it's got a watch in the works and deeb yea yeah -- ebay makesbig changes to the fee structure. hi, emily. >> good afternoon, move over, apple. samsung working on a smart watch, too. the mobile vice president says the company is preparing products for the future and a watch is one of them. this after sources say apple is working on a watch-like device that will perform similar functions. eric schmidt calling on india to ease sensorship on the internet. schmidt made the statement in the op-ed in the times of india. some troubling numbers for pc market. ivc the cutting shipments for 2% for the first quarter, expecting sales to fall about 10 p%. sales slumped in february. china accounted for 21% of the global pc shipments last year. a mixed close for stocks. the bloomberg silicon valley index qlor on shares of oracle and apple. ebay is overhauling it's seller fees as it tries to lure third party merchants away from amazon. it gives discounts to top-rated sellers. the changes will be rolled out over the next few weeks. in san francisco, i'm emily cha

. >>> neiman marcus says it is closing its ebay stores.call brand on its own website and in its own physical stores. this is a set back for ebay who has been trying to attract large retailers to its site. >>> the showers have ended around here but in the lake tahoe area up on 50 and 80 we're still getting snow flurries it'll be great skiing out there tomorrow. we can always use more rain in the mountains. rain is out of the picture, the rain is going on out there. we have 26-mile an hour winds at the airport in san francisco. the winds are still pretty strong. they're going to die out tonight. overnight lows are going to be down to 30s. might see a little bit of frost. currently in napa it's 46. 47 in concord and 46 in walnut creek. so the weather story, it's going to warm up. how much warmer and which day will be the warmest i'll be right back. we'll see you back here. >>> southern california was hit today by the same storm we had here in northern california and it brought snow. the higher elevations received six to 10-inches of new snow.

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. >>> neiman marcus says it is closing its ebay stores. it's now decided to only sell its last call brand on its own website and in its own physical stores. this is a set back for ebay who has been trying to attract large retailers to its site. >>> the showers have ended around here but in the lake tahoe area up on 50 and 80 we're still getting snow flurries it'll be great skiing out there tomorrow. we can always use more rain in the mountains. rain is out of the picture, the rain is going on out there. we have 26-mile an hour winds at the airport in san francisco. the winds are still pretty strong. they're going to die out tonight. overnight lows are going to be down to 30s. might see a little bit of frost. currently in napa it's 46. 47 in concord and 46 in walnut creek. so the weather story, it's going to warm up. how much warmer and which day will be the warmest i'll be right back. we'll see you back here. >>> southern california was hit today by the same storm we had here in northern california and it brought snow. the higher elevation

look at ebay, a lot of headlines. counterfitzgerald upgrading them from a buy to a hold, expecting the number of users online in the market place to increase as it adds retailers and other features. in the meantime, ebay works to simplify the soliciting fee structure for the sellers and seven mying should move them along, and positive comments continue about international caption and the impact of the new digital wallet. that should be manageable as well. back to you. >> thank you, nicole. >> see you at the top of the hour, girl. coming up, is apple's six month long stock swoon in the final days? talk with a fund manager who is buying it, next. >> first, look at some of today's winners and losers. ♪ >> so, no surprise, apple stocks taking a beaten, down over 30% since hitting its all time high in september. one fund manager is not backing off the stock. howard ward, gamco chief executive officer for growth equity fund and manages a growth equity fund, joins us now. you are a lonesome dove there. some turn, but you are

look at ebay as a different example.on grew 22% and you're paying 22 times ebay versus 85 times for amazon. you're taking a big risk with that multiple and that's the way you need to think about investors is the risk reward. >> also following the same storyline of the accelerating revenue growth in lieu of large numbers and at the same time it never traded at the multiples that we ever saw with an amazon or an ebay. what's wrong -- because you think apple is not making products people want anymore. >> and it's not just me. you can just look at the market share numbers, right? that's the ultimate arbiter of what they're doing and if you look at apple's share of smart phones a year ago it was about 19%. if you look at apple's share of smartphones in 2012, it was also 19%. compare that against samsung. samsung last week had a new launch of the galaxy s4 and it was roughly the same as smartphones which was 19%. 2012 they finished at 30% and the phones they're producing are bigger. in some cases they got very low price points

liz: ebay with an investor day, and the stock is responding favorably here. >> big time.ets in the year 2015 with revenues and expansion. good outlook is good stock today. david: even on a great green record breaking day, you have downers, and unfortunately, apple is one of them. they were down 2% as a result of bad news on ipad mini; right? >> reducing the shipments dave, that's right on target, and it's true, it's pulling back today, but records at the end of the quarter right

if i charge you $200 and you can go on ebay and wie -- buy it for $6 the insurance company gets a discount down to $100 not such a great deal but you feel great when you get the explanation of benefits. that was great i only have to 20% of that $100. what a deal. >> jon: stick around. the latest issue of "time" magazine. i don't think i've ever said this before, go out and get "time" magazine. it's unbelievable. [cheers and applause] >> jon: th. join us next week at 1:00. here it is your moment of zen. >> you may be paying for snapper and getting at that lapa instead. a staggering new report shows fish fraud is off the captioning sponsored by comedy central captioned by media access group at wgbh access.wgbh.org captioning sponsored by comedy central [eagle caw] tonight, president obama says aloha to israel. and my guest james franco is the star of the new movie "oz, the great and powerful." i'll nail him, and his little dog, too. [laughter] queen elizabeth has been released from the hospital for what they say is a stomach bug. either that, or there's another royal baby on the way! this is

if i charge you $200 and you can go on ebay and wie -- buy it for $6 the insurance company gets a discounto $100 not such a great deal but you feel great when you get the explanation of benefits. that was great i only have to 20% of that $100. what a deal. >> jon: stick around. the latest issue of "time" magazine. i don't think i've ever said this before, go out and get "time" magazine. it's unbelievable. [cheers and applause]

. >>> ebay is making big changes to go head to head with amazon. while yahoo! is getting ready to make a big purchase. sima mody is live at headquarters with us. >>> dow jones average gaining three points, closing at 14,455 and s&p 500 facing its longest slump of the year, posting its three-session losing streak. and that is dak close iing down points. one of the world's most popular online video websites. this would be the first major acquisition for yahoo! ceo marissa mayer since she took over. ebay announcing plans to overhaul fees for sellers in an effort to compete with amazon's marketplace. the company says it will determine fees based on product categories instead of an individual item's price. some listing fees will go away completely. the changes take effect in mid april. that is the latest. back over to you. >> thank you so much, sima. >>> good news out of new york city. yes, the statue of liberty will be reopened by independence day. it had been closed because of super storm sandy. while the statue was spared during that brutal storm, liberty island

a graduate student sold cheap foreign copies of textbooks on ebay.occurrence tonight, vice president and the president will be the air simultaneously. the expected overlap will be approximately an hour and 20 minutes. those are your headlines. back to dagen and connell. connell: questioned by senate committee regarding concerns that the proposed merger will reduce competition and raise ticket prices. rich: it seems like we do this every so often here on capitol hill. two airlines looking to merge. plenty of the same questions that we have been hearing over the last few years. question is to whether a merger would eliminate routes to underserved cities and questions about fare increases. >> in our analysis, there is not one fare increase in there. putting two networks together, that will allow us to attract more customers. fewer airlines mean less reason to resist fare hikes. rich: fare increases have been less than inflation, especially when you consider how much fuel has gone up in the last decade. also, on top of this, they claim that only 12 of th

if i charge you $200 and you can go on ebay and wie -- buy it for $6 the insurance company gets a discount great deal but you feel great when you get the explanation of benefits. that was great i only have to 20% of that $100. what a deal. >> jon: stick around. the latest

who sold textbooks on ebay. >>> here is a look at other stories topping the news. teen who pled guilty in a deadly shooting rampage was sentenced to three life sentences without the chance of parole but it was t.j. lange's t-shirt that caught people's attention. he wrote the word "killer" on that t-shirt. >>> two teen girls from steubenville, ohio were arrested for posting online threats against the victim in the rape case in that town. the girls aged 15 and 16 are being held in juvenile detention. police say the former student found dead in his university of central florida dorm room was originally planning a massive attack on the campus. his body was found with a self-inflicted wound along with weapons, explosive devices, and ammunition. >>> a crowd of up to 200,000 gathered in front of the vatican this morning for a special mass marking the pope's inauguration. pope francis called on world leaders to protect the poor as well as protect the environment. >>> tens of thousands currently without power this morning after a massive hail storm hit the south. at least t

however reclusive the monks of westvleteran, their beer showed up on ebay going for up to $350 a six-pack, only a few hours after stores sold out. they may want to rethink that one-time- only thing. that's it for today. thank you for watching. you can find us on facebook and follow me throughout the day @angiemiles on twitter. from all of us at first business, have a great day! [music

. >> a drop for ebay down 3%. simon. >> yeah, ebay, mostly symbolic. a symbolic measure on friday to put sales tax on the internet stocks across the border. no real news on it, i'd be buying it all night long. >> pop for visa, the move 2%. pete? >> an impressive company that continues to work and we've been talking about this actually for years the fact that people are moving from cash to plastic. when you look at the earnings growth, the revenue growth, the expansion as far as the operating margins, this is a company that's working to perfection right now. i think visa and mastercard go to the upside. >> and a pop here for pandas. a fedex plane known as the panda express delivered two giant polar bears today. they received a colorful greeting by canada's prime minister and a delegation of veterinarians and zoo keepers. officials hope the romantic five-year get away will lead to panda babies in the toronto zoo. says the pair could spawn an extra 300,000 visitors a year. >> they were on a plane together? >> together. >> did -- >> mile high club? >> they

if you've ever sold anything on ebay or had a garage sale you might want to listen up. >> reporter: orket or church raffle or used book store or garage sale. anything like that. this case involves a doctrine that is used thousands of times in america, millions every day. what it says, if you go to the book store and you buy a book or a cd or a video, you're free to then sell it. it's called the first sale doctrine. what that means is once you buy it then the copyright owner's interest in that work extinguishes once you buy it. the question in this case is, does that apply to things that are made overseas? now, that would apply, of course, to any book printed overseas but also that used car that you want to sell that's made overseas, made in japan, that's got copyrighted things in it. watches, computers, anything that has copyrighted material. today the supreme court by a vote of 6-3 said, yes. that same rule applies to things that are made overseas. now, this case involved a student from thailand who came to the u.s. to study. he was buying textbooks and noticed that the ones printed i

mark mahaney covers ebay. we know the stock has done very well.ey're up like 50% from the last time they held an investor day. what do you most want to get from them today? >> you're right, becky. this has been one of the best performing stocks in the internet sector. three major expectations. first this company, they do this investor meeting every year. this street is looking for mid teens earnings swrout look. we expect them to affirm that. that will be the most important news. second is this company has had a fundamental improvement turn around in its marketplace business. how sustainable is that? third, the biggest caught in the gap over the last year has been expectations about how will paypal can do in off-line stores. they're in home depot, for example. we think they've had limited traction there to date. if they can convince people they can get more transaction going forward, they can go up more. >> although the concern is that the margins for that, you know, basic brick and mortar store is the margins are not going to be all that great. h

the situtation could end up benefitting amazon rival ebay. startling details are coming to light about campaign cash and family ties. a usa today study reveals congress paid out more than $2 million in campaign funds to relatives during the 2012 election. payments to children, spouses, aunts and uncles did not involve taxpayer money and are legal. however, campaign fund watchdogs contend there is a conflict when family members belong to special interest groups. move over superbowl. the ncaa is now the ad champion when it comes to sports championship games. the month-long tournament known as march madness brings in more ad revenue than any other sports championship all year. ad spending surpassed a billion dollars last year. the average ad during the final game is $1.4 million. the first round tips off tonight. still to come, dollars and cents: why banking at a credit union could save you more money than you would think. that's later on. but first, a new book is stirring up conversation about women in the boardroom. thoughts on that and more n

this week, we saw ebay sail into the third round, taking out home depot and pfizer.ll the number one seeds held on with google amazon, bank of america and united technologies. but remember, you are the fifth trader in deciding. so, tweet your picks on twitter using #fastmoneymadness. go to cnbc.com to see the bracket. a lot going on here. >> love it. >> what's your favorite? >> first of all, congratulations to you. >> harvard! yay! crimson! >> please. please don't pretend. don't feign excitement. you didn't watch the game. a lot of people, under the radar. nobody talked about that united technology, my favorite. >> beekers? >> i go with united technology, sure, why not. i didn't expect you to come to me, so -- >> yeah, i can see that all over your face. all over your face. >> google! google! >> sorry, go ahead. >> google! >> coming up next on "fast money," a fire sale. should you take a chance on it? and your first move monday morning. stick with us. >>> there's a fire sale happening in the emerge, markets, so, is it the time to buy this dip? let's go off the charts

ebay shares are trading higher than ever.ic the firm is now suggesting more material deceleration. and jc is lowering the price profit to amazon to $300 a share from $333. >> let's get to the road map for hour three. inching closer and closer to those record levels. we'll talk to one market expert who says this market is overextended and investors need to be cautious. does it mean they will lose more market share to appl or not? we'll find out if the apple investors should be afraid on the program. and as a former treasury secretary and the former ceo of board members. lending club wants to replace the u.s. banking system. they will join us live here to tell us how he plans to do that. >> let's get straight to the man who says that the market right now is way over extended. tom mcclel lan is warning that the bear signal for the mark is in. tom, always great to speak with you. >> good to be here, melissa. >> and many of the reasons that we love having you on is you always brick the charts along to show what you mean. >> it's m

a thing of soda and it was sarah palin's and one of the security guards said i want to put that on ebay if i can. that big gulp moment from say a palin that if a lot of people argue about the sequester, she has it right. she knows what appeals. when she brought out that big gulp she said so much with that gesture. what she was talking about was going against bloomberg with liberty and freedom. conservatives really believe that freedom and liberty is going to bring them back. in a strange way, when bloomberg and liberal politicians use soda bans it is good for the conservative movement because it reminds them what they fighting for. >> please say thank you very much. please join me in thanking our panel. thank you guys very much. >> thank you. >> thank you. [applause] >> while these gentlemen are leaving the stage take a look at the screen for a new video called "america." >> christopher columbus did not o looking for america. europeans wanted to find another way to india. that's why when columbus landed e called the native people indians. the discovery of america was an accident. it was

only 20 responded even after they find and the companies included cisco and ebay, they show women are underrepresented especially in rolls. some say -- roles, and women are graduating in fewer technical degrees. they show how difficult it is to gain information with tech companies because they refuse to give up their equality opportunity -- equal opportunity data. back out here live here in downtown san jose, as traffic picks up we plan on asking people what they think of this new study. in san jose, janine de la vega, ktvu channel 2 morning news. >> the official process will be held tomorrow. >> but yesterday, people gathered to hear what he had to say and he had some off the can you have remarks -- off the cuff remarks instead of reading from a prepared speech. vice-president vice-president joseph biden will be heading up the u.s. delegation for pope frances and nancy pelosi is working there along with bay area congresswoman anna. later they will meet with many in italy. and the political action conference, it's just about a half our from now and the political chairman intends to re

other online sites already offer same- day delivery, such as amazon and ebay. [ female announcer ] safeway presents real big deals of the week. or how to get great prices on things you need for easter. we know you look around for the best deals, that's why we give you real big club card deals each week. right now a juicy smoked shank half ham is just 99 cents a pound. let's bake. safeway sugar is $1.97 for four pounds. and chobani greek yogurt is just a buck. real big deals this week and every week. only at safeway. ingredients for life. san francisco opened it's first new firehouse. in more than 40 years today. kron 4's maureen kelly shows us how the state of the art design will help keep the city and the firefighters who work there, safer. it's got shiny new poles.brand new lockers.and was built to some of highest environmental standards. but the most important thing about the new home of fire station one.is that it's now seismically safe.because the last thing one of the busiest fire station in the nation needs during an earthquake is to have the building that houses it's first responde