he goes on to urge ebay shareholders to vote for his support two separate paypal from ebay.the message to management that shareholders want these companies separated. we will have much more on this developing story. carl icahn will be joining me at three clock p.m. on "street smart" to discuss it. >> thank you so much. carl icahn on her program later this afternoon. let's switch gears for a moment -- literally. major carmakers have nothing on detroit house newcomer at qwest -- equus. this car both modern suspension and technology. matt miller has more on the auto throwback to the 60's. >> and may be 2014, but from the looks of cars hitting the road, the 1960's about in full swing. it is a trend that has persisted for years. it is more powerful than ever before. this is a brand-new porsche. the thing that people are excited about is the styling. it has the silver roll bar that harkens back to the original back in 1965. chrysler has taken the design cues from the 62 guatemala level, giving this dodge challenger a shaker cold air intake as a factory option. there was one automa

the bill me later option helps ebay.ow that we are going into emerging markets together, we can get more traction more quickly in these emerging markets. wouldn't ebay and paypal still be able to work together if separated? not integrated as they are now. mobile payments is the most important platform shift arguably in the past decade. mobile for started, nobody would have downloaded the paypal but 100 million people downloaded the ebay app. the only way to pay through ebay was paypal. that is how they started the total mobile payment volume in 2010, which has now grown to $27 billion. >> but paypal is still the company's growth engine. >> commerce and payments are converging, not diverging. the commerce companies are trying to get into payments and the payment companies are trying to get to commerce. having a commerce engine allows a payments company to get that flywheel going. mobile, the most recent phenomenon, has helped having a captive market and get viral traction. >> what about the threat of digital payments, lik

to ebay.ly strong words. >> i look at the fact that he made 4.7, 4.5 billion, he and silver lake. they bought the company. >> right. >> but my question is, i mean, he says after he bought it, which is really sort of amazing. >> right. >> he said, you know, that skype was an archetypical phenomenon of breakthrough technology. his partner stated it is one of the most important companies in the world. i saying what only wonder what happened to andreessen's fiduciary responsibility to tell to donahoe? maybe he did and donahoe is sitting there sleeping. >> okay. >> donahoe has not done a great job. >> we're asking mr. donahoe to defend himself on that. >> i hope he does. i would like to be there with him you. >> met with him. we haven't. switch gears a little bit. hertz, it has been widely reported you take a major ownership position in hertz. >> let me tell you something. i say, i said sort of kept using that, i'm not going to comment on my positions but i said i wasn't going to have proxy fight t

. >> a month after carl icon riposte to split off paypal from ebay we will hear directly from the ebay. >> if you chatted with me on facebook this weekend, chances are it was not actually me. here is what my verified facebook account looks like for me. it does not look like this. that is what? appeared this weekend. someone created a fake account. >> they did a good job. some of these comments are unbelievable. one person wrote me a fake trish sent me a friend request and said she is starting a financial consultancy and wants me to work with her. another wrote, your impersonator in londonu would eat and suggest we meet for lunch. the fake page is finally down. we got the company to take the first one down and within 10 minutes another one appeared. so far, so good. this whole incident shows you how fragile our online identities really are and how easy it is for someone to scam on social networking site forms. you're with more, richard falkenrath. he happened to get a rather panic text message from a saturday morning saying you will not believe what happened. issue, get to a bigger whic

there are assets at ebay that ebay is not monetizing. >> they bought skype for $2.5 billion, and shortlyd, sold it for $8.5 billion. >> ebay sold it and did not make much of a gain of anything. it was obviously worth more to microsoft than it was to ebay. >> ebay has said carl icahn is taking things out of context. mark andreessen has not responded, although he has been tweeting up a storm about net neutrality. the rsa security conference kicked off in san francisco today. cyber security, big topic edward snowden. we talked about everything from snowden to cyber security to the latest security flaw in apple products. take a listen. >> we are trying to encourage them to share only cyber threat information. we said, if you are sharing in good faith cyber threat information, we should encourage that behavior. no different than if you are on the subway system and see something bad happening. we want you to say, stop that. same thing. the government is not on private-sector networks, so they miss a lot of what the chinese are doing, the russians are doing, when they are trying to steal inform

why do you say they are not working in the interest of ebay?> well, i have been through a lot of these over the last 30 or 40 years. i sent the letter, and i mean it. i have never seen one as blatant as this. you know, we have seen a lot of were but, i mean, if it not sad, it would be funny. this is one of the problem's with corporate governance in this country and why it is sort of dysfunctional. mark andreessen on the board of , and another we will talk about, they are two of the most respected and value driven leaders in silicon valley, and i sort of agree. i think they are respected and accomplished, and they are value driven leaders. the problem is the value driven, that i amfor those four. skype was going to be sold by donahoe, who, you know, i think at theer naÏve or asleep switch year, and he was going to sell skype, take it public and keep a big chunk for himself. instead, mark andreessen, on the ,oard, who is greatly respected basically he and silver lake bought most of the company, 70%. valuationbuy it for a of 2.7 billion dollars. n

ebay. -- icahn versus ebay. even when they say it's not it is always about money. melissa: new fed chair janet yellen just wrapping up her testimony best senate banking committee. let's check in with scott shellady on the floor of the cme. one thing in particular caught my attention. she said the economic data, particularly consumer spending had softened since she testified before the house committee. that was just two weeks ago! things gotten worse in the past two weeks, does that make you nervous, scott? >> you know what? it is not making me nervous because i think i felt this way for two or three months now ever since retailers came in weak over christmas. here is where we sit. we have a fed that will be trying to taper. they're tapering not because the economy can handle it. we're in a soft patch. they will taper because it is failed economic policy. if they stop the taper that send another bad signal and market could tumble pro there, that reads into the fact that the fed sees somethin

andreessen is on the board of ebay.n calls the board dysfunctional -- carl icahn calls the board dysfunctional. he points to the case of skype, the internet phone service. ebay spun it off back in 2009, and andreessen was part of the team that bought it. he made a fortune when microsoft later bought skype just two years later at triple the price. >> let's talk about carl icahn's latest crusade with our next guest. he is a law professor at ohio state university. stephen, i want to read you something from carl icahn's latest letter to shareholders just about 30 minutes ago. "i can resoundingly tell you i have never seen what looks to be such a blatant disregard for for douche area application to stockholders as i have seen at ebay. the ebay board seems to be in a state of denial concerning what is -- has occurred under their watch or cope -- what has occurred under their watch." what do you make of that? >> well, this is carl. >> what does that mean you go >> there is a well-worn activist playbook and then there's carl ic

ebay makes paypal stronger.ypal stronger by helping grow faster, it provides more data, and it provides a strong financial foundation that will make it more successful as part of ebay than separate. >> we're looking forward to your interview with carl icahn at 3:00 p.m. on street smart. watching. >> when he says it is the most blatant he will ever see, i cannot wait to talk to. >> today is the start of the frence.world con there are plenty of new gadgets and belt, especially by asian companies. tell us about the things that you have seen. >> we are actually getting things quite cheap, mozilla was a new cheaper phone, android operating systems for emerging markets. nokia was hot by microsoft, and they are using an android operating system. the asian players, trying to move the global -- developed markets with some high-end technology. we have a new smart race let -- bracelet. htc, less than an hour ago, once the biggest maker of isrtphones in the u.s. trying to reignite, and is just and failed a new midrange set

ebay ceos the eba -- think about this?e look at it every year, how they will be most successful. we continue to believe the best ebay makesther, that paypal stronger by helping it grow faster, it provides more data, and if -- strong financial foundation that will really make paypal more successful as part of the they rather than separate. qwest there is no question they go together. i am a huge heap a user and paypal makes it more pleasant. company,ased on off they could still cooperate as closely as now. >> not integrated as tightly. mobile payments. is the most important platform shift that happened in the last decade. when mobile first started, no one would've downloaded the mobile paypal app . hundreds of people downloaded the ebay paypal app. the only way to pay was paypal. that is what allowed paypal to start $600 million of total mobile payment in 2010 and it .as grown to 27 billion >> ec 70% of paypal's revenue, is on the non-ebay platform and that is growing at 30%. in comparison, when you look at 15%. whyhat is r

ebay's management responded saying a constructive discussion about ebay and paypal is prefered rather than icahn's mudslinging attacks. activist investors make a push for big changes at the tribune company. the blue harbor group hedge fund owns two-and-a-half percent of the media giant and according the wall street journal, the fund is using its leverage to force the company to divest assets. men's wearhouse is toughening up its hostile takeover bid for jos a banks yesterday, mens wearhouse upped its offer to buy its rival by $6 per share -- to $63.50 per share from $57.50. that represents a premium over jos a banks closing price yesterday of $60.04. there is one caveat: jos a banks has to abandon its planned $825 million acquisition of eddie bauer. this new offer is good until close of business on march 12th. in what is being characterized as an attempt to change its rigidly traditional reputation -- honda has appointed a woman to its board of directors for the first time. the japanese automaker has also promoted a foreigner to a top post. previously, japanese companies have been cri

ebay.- paypal and ebay. it needs to be spun off from ebay. that is the real future of the company. it is a separate kind of company doing a separate thing. it is a company that is growing tremendously off the ebay platform. 70% of its business is separate from ebay. that is growing at 30%. as a result, it makes sense for the company to be separate if it wants to stay competitive. part of staying competitive is you attract the best talent. he believes that ebay has a very hard time doing that. nobody wants to work for john donahoe. that is one of the things that he said to me. >> skype was going to be sold by donahoe. he is naÏve or just asleep at the switch here. >> there you have it. the sounding off on management team and ebay, pushing again for this spin off of paypal. there will be votes that are nonbinding. that will happen in april. perhaps their shareholders will like to see a spinoff. a message toend management. biggestis microsoft's element? eric schmidt gives us his biggest propos

stay tuned to "after the bell." ebay up 3%, we know carl icahn is getting involved. facebook a mix. it opened its wallet, another $3 billion. 19 billion for the whatsapp. today whatsapp founder and ceo announced the company is working on adding voice calling to its app to reinforce the mission of keeping people connected. there you see it, mark zuckerberg today speaking in barcelona. 19 billion, we will take a break and acquisitions a facebook hitting an all-time intraday high. nice move for facebook once again. this is breaking the last 55 minutes. samsung unveiling the new galaxy smartphone in barcelona today. it has been absolutely huge. let's take a look. don't have it. guess what, we are teasing you. let's have a look. >> this is a great camera our customers will love. also sharper, clear, vibrant images to capture meaningful moments in a smart phone has never felt better. the back cover is perforated. liz: look at that comment back of it is perforated so does not slip out of your hands when you drop it. 5.1-inch screen. these are getting huge. fingerprint scanner. also waterpr

number two, google never helped you on ebay or amazon, ebay will never help you on amazon or google. we connect to all the platforms and not just google. so, for example, you can find -- if you're doing this product listing ads, for example. our customers can control exactly what product ends up where. if you leave it to google, they'll frequently pick what's going to make them the most money. >> howard schultz recently issued a letter where he said, listen, the mall secular decline, it's the internet. from all these different retailers, is the mall in secular decline? >> it is. i see the same data that howard. shopper tracks when i track. and they said the foot traffic's down 40% from 2010 to now. so where retailers are investing money is online. and starbucks has really led the charge with the mobile payments they have and those kinds of things. >> would you ever work with them for mobile payments? >> we'll have to see how that plays out. >> i know howard wants to try something big. >> apple's coming into mobile payments, all these companies, a lot of shifting out there on how that

melissa: but with mark with ebay is a meaningful? >> i don't see how bad example where he recuse himself but he wants to separate the bay from paypal weather are they better separate? if you are a shareholder you better hope he is right. that is not a given you can see the value to ebay with that. melissa: splitting this company? does he care or just trying to make his money? gimmicky is talking about shareholder value. melissa: i am not trying to prove against make money and it get in and get out. god love you but it is different. >> i would just ay it needs to be broken up which is my personal opinion. but he performs a market service. he gives us insights into the board. >> give them their day in court. >> they can come on and. >> look at their contribution. >> he just financed different companies. >> by the stock. melissa: we had other topics but no hope to get to them. the market is up 180 points. next the smart phone class continues we will go live to the samsung store downtown. taking over the automotive world? this senior vic

he has written his second letter in three days telling ebay that -- ebay is saying that carl had accusedf having conflicts of interest. cook, is the ceo of intuit. theircahn had called governance dysfunctional. he had singled out both mark andreessen and cook. is that their claim for false. shares rose in ebay when icon went public with one of his letters. there is a back and forth between carl icahn and ebay. >> olivia sterns in new york, thank you so much. i can't claim is against scott cook, the cofounder and chairman. they claimed he claims against them are false. we will follow that story as it develops. i want to get your bloomberg cap headlines. u.s. prosecutors are investigating criminal activity by mt. gox. they are requesting documents from bitcoin service providers. they say there may have been criminal activity at the range. gox was shut down after hackers stole most $400 million in bitcoin. west virginia is banning drivers wrong wearing google glass. they are concerned about the potential for distraction. google has hired lobbyists to educate lawmakers about the device. barn

so maybe ebay is the next one. >> we shall see.will be interesting over the next couple of months. >> i see lunch between you and carl. trish, thank you. carl icahn, that is one story being featured on buzzfeed. this is a news and entertainment website. if masters the art to get you to actually click on the videos or stories, whether you watch them or read them, that's for us to determine. some clickable headlines include the unnecessarily censored version of "finding nemo." another one, which beatle are you, and which european country do you actually belong in? any next guest's job is to find out how to make money from all of your clicks. andy is the chief of revenue officer from buzzfeed. he joins us from san francisco. oining us, johnny manziel, our enior -- onjon -- john erlichman. what is the keefe role at buzzfeed? >> i take all of this traffic and make money for the company. >> what do you use as your guide is it is it old media, new media, a mix? you have sponsored content. you got original content. tell us. >> yeah, so i h

ebay responded saying ebay and paypal are better together and icon has cherry picked old newsclips andes to attack the integrity of two of the most respected leaders in silicon valley. towill speak exclusively bloomberg television coming up later today at 3:00 eastern time. you don't want to miss that. broke to comment and maker of set top boxes, is weighing an initial public offering. this is according to people with knowledge of the matter. the ipo would take place in the united states sometime this year. some person at the company recently's oak with tanks of the possibility of an offering. microsoft is making a further push into mobile software to develop cheaper phones for emerging markets. under the new leadership of satya nadella, they are working with qualcomm and lenovo on a low-cost phone decide that handset makers can use to build their own devices. microsoft plans to update its software this spring. to mobile world congress -- sam sun is hosting an event today were plans to unveil some new topics. sam grobart is in lower manhattan where samsung is holding a partner event. h

they think ebay and paypal are better off together. this listen to him on conflict of interest he sees. >> i have been through a lot of these in the last 3040 years and i have said in the letter that i have never seen one as latent as this. butave seen a lot of them, if it weren't sad, it would be funny. >> he says he has seen a lot but hasn't seen any quite as bad as this. take a listen to what he had to say regarding the company saying there isn't a conflict of interest regarding scott cook. >> he has a billion dollars and founded into it. it's overlapping. wejust bought braintree and are trying to get into the processing business. who does he think he's fooling when they write these letters. it's just a little overlap? [bleep] >> he is worked up about it and will be campaigning trying to make some change. he was successful at dell. he squeezed a little more money out of michael dell. >> he got a decent amount of buyback activity out of apple and is pushing to see paypal be spun off. >> an interesting record. you have herbal life, yo

number two, google never helped you on ebay or amazon, ebay will never help you on amazon or google.he platforms and not just google. so, for example, you can find -- if you're doing this product listing ads, for example. our customers can control exactly what product ends up where. if you leave it to google, they'll frequently pick what's going to make them the most money. >> howard schultz recently issued a letter where he said, listen, the mall secular decline, it's the internet. from all these different retailers, is the mall in secular decline? >> it is. i see the same data that howard. shopper tracks when i track. and they said the foot traffic's down 40% from 2010 to now. so where retailers are investing money is online. and starbucks has really led the charge with e mobile payments they have and those kinds of things. >> would you ever work with them for mobile payments? >> we'll have to see how that plays out. >> i know howard wants to try something big. >> apple's coming into mobile payments, all these companies, a lot of shifting out there on how that works. one of the thi

trying to appoint two members to the keyboard board. -- to the ebay board.oogle executive chairman eric schmidt is donating $1 million to solve some of the world's biggest problems. that is coming up next. the defense department is cutting back on spending and we have reaction to the proposed budget. biden played defense during seth night."debut on "late >> i was planning on making an announcement tonight but i decided that tonight is your night. i hope you will invite me back. >> and 2016 plans? >> i'm going to run for president. ♪ >> this is "lunch money," on bloomberg television, streaming on your phone, your tablet, and bloomberg.com. i am adam johnson. google executive chairman eric schmidt donated $1 million of his own money to provide grants for organizations fighting local challenges. the idea came out of his best-selling book. it is entitled "the new digital age." charlie rose spoke with the authors. , the many revolutions disclosures from snowden and the crises governments are facing -- we think that a lot of this is anticipated in the book. you ju

what you believe he is right, ebay and them are right.ber, nobody should be surprised about layoffs the mortgage epartment given all the stuff going on with interest rates, other firms will do that, that is our report back in december. this is like where the cuts on wall street are going to be most significant this year. cheryl: you were on fox business, said it would be major, major job cuts. bring it all back to charlie gasparino. cheryl: ukraine search for presidents new and old to form a new government delays. >> it is helping to drive gold prices to levels not seen in four months. rogers holding chairman on whether or not it is too late to get in n the metals trade at these levels. [ male announcer ] these days, a small business can save by shing. ke carpools... polly wantnts to kw if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. oh, it's great. yeah. [ male announcer ] the best thing share? a data plan. ♪ new at&t mobile share value plans for business.

are ebay and paypal made for each other? ceo john donahoe thinks they are.ction, a multibillion-dollar boost. we will look inside the pros and cons of the economy. in luxury, america's superrich. we will tell you where they live and why. and an oscar-winning movie director tells us how he brings together a star-studded cast.

he wants ebay to spin off paypal. he was referring to scott cook. he's got it in for him and mark andreessen. he called them out in a letter to the ebay board saying they are not working in the companies test interest. >> i have never seen one as blatant as this. we have seen a lot of them. if it weren't sad it would be funny. it's all about corporate governance in this company. it is sort of dysfunctional. mark andreessen on the board of this company and scott cook are two of the most respected and accomplished and value driven leaders in silicon valley. i agree. i think they are respected and the compass and agree mostly their value as leaders. the trouble is, value driven leaders for themselves but not for ebay or the shareholders. >> i mr. icahn not too complementary about ceo tom donahoe. >> skype was going to be sold by donahoe. he is eithernaive or asleep at the switch. i will say this now -- if i had been on the board, mark andreessen would not have boughtskype. >> mr. donahoe spoke with us last week in an interview and here's what he had to

>> ebay had a 52-week high today.it highs in the next couple of weeks. >> beakers? >> volatility is cheap here. and a lot of stuff going on in the world. why not buy spy puts. >> guy? >> very nice, russell wilson. >> nice, young man. >> nice, young man. >> nice, young man. >> i don't wear their shoes. but teva. i'm kidding. >> good night, irene. >> talk about generics. talk about big today. talk about us. >> all right. >> teva. >> i'm melissa lee. thanks for watching. see you tomorrow at 5:00 >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always 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. some people want to make friends, i'm here to make money. call me. i'm constantly hearing otherwise intelligent people say that you just can't consistently beat

to ebay.re is no real premium. i agree with i kann here. >> let me ask you this. one of the comments is that you need ebay, ebay forces everybody to use paypal and that creates the ecosystem. you take ebay out of that and it changes the equation. you don't buy that? >> if that's the case, then paypal isn't as big as i thought. if you're going to rival a mastercard or visa, you've got to get a valuation that's higher. you've got to show how much paypal is worth rather than have it embedded in the overall structure of ebay. i like what he has to say about the incubation. that's good. it's been incubating for years. let's have it go out on its own. i know that he thinks it's just another big expense but i think paypal on its own would be more focused and more able to take on the big guys, and it's got to especially in square comes on here. >> carl ie kann is taking them on saying it les lead us to question about loyalty to ebay, how her purchased -- of the skype ipo i guess he's saying be on both

there is an argument that is -- that it is expanding outside of ebay and growing faster outside of ebay. men'st's correct, wearhouse was the trigger. >> don't they have an investment in both companies? >> they do and when they say something, they can tell each shareholder base that this is what we want to do. we want to combine the companies. getting back to activism in general, there is low hanging fruit in the market right now. they have to go and climb this trait. you need activists to do that and that's what they are doing. if it is good for the economy, it is good for capitalism and the stock market. it is not good for jobs. when this happens, there are job cuts. >> if men's wearhouse and joseph a bank merge, they don't need that many stores that that many people. i want to thank you both for being here. as well.tina alesci moving on -- entrepreneur elon musk, shares of tesla motors are up 619% in the last year. that is the best performance by any automaker in the last two decades. tesla sold 20,000 of its model s sedans last year and the company hopes to boost sales by expanding n

ebay said it's not interested in separating it. >>> with one of every five people in the world owning a smart phone, tech companies are looking to update products with the latest accessories and services to boost sales and this week all the big smart phone makers, social media giants and softwa software firms are doing that at a tech conference in spain. jon fortt is in barcelona. >> reporter: this week in barcelona, many top executives in wireless and tech from around the world are gathering to try to figure out what is next. the smart phone revolution gets well underway, which means for opportunities for proof knit probably won't be in hardware so much in services. that's going to be a key theme here at the mobile world congress. facebook ceo mark zuckerberg is here and ibm ceo and cisco ceo john chambers and more. it's a chance to layout the vision for getting more people in emerging markets online. >> all the data and studies that we've shown show that it will not only increase their opportunities to find jobs and health and education and all these things, it makes the economy bet

this time the billionaire investor targeting ebay.lit off its pay pal business, but he's also calling into question marc andreessen's loyalty to the company. is he a little off base or does he have it right. with us a lena and dennis burrman. does icahn have it right here? >> well, come on, this is carl being carl, kelly. he's looking for any soft spot he can find. what i really find interesting about what he's saying is this is in a way wall street trying to understand silicon valley. things that happen in silicon valley where they probably have no conception that it might be wrong, carl is at least i think making a somewhat fair point about where andreessen's allegiances lie. in the end i think it's going to be hard to requequestion that m andreessen isn't doing the webe he can as a board member. >> i mean -- >> lena, go ahead. >> i have to disagree. i think he's reaching here. some of the companies that he even mentions as possible conflicts are so -- the competition is so little, and some are not even competing against pay pal. i

icahn publishing yet another letter to ebay.hird letter in four days and the continuing battle between ebay and carl icahn. he disputes ebay's version of its history with skype. andreessen and scott cook are thenames -- they two board members that carl icahn insists have conflicts of interest and should be removed from the board of directors. andreessent mark informs companies that are rivals. he said he would lay out his full business case to separate ebay and paypal in the coming days. he has called the government of ebay dysfunctional and riddled with problems. >> thank you so much. washington, janet yellen will deliver her first senate testimony since becoming chair of the federal reserve. these hearings were scheduled for a few weeks ago. they were delayed because of bad weather. peter cook is on the hill. are we looking at a six hour marathon? if it will goow six hours. i expect it to be genteel. get largely an instant replay, with her testimony at the top, which will be identical to what she delivered two weeks ago, and i

take a look at ebay.l icahn tells neil cavuto he has only started his battle with ebay. ebay down 1% so far this year. an activist investor digging in for a long fight. good or bad for the stout? liz: it does not matter. it is not going anywhere. already he is not getting the support, karl icahn is on his other proposal. proxy shareholder advisory services have said no. they have told apple investors to ditch that. ebay is about 40%. paypal is 40% of ebay's group revenue. that is a big deal. stuart: got it. one more headline from karl icahn. here is what he had to say about raising taxes on the rich in new york city. >> personally i know my friends will hate me, but, hey, there is a huge bar between the rich and the poor in the city. it would not kill them to pay a little bit more. i am not talking about the 250 guy, i'm talking about 10 million, 20 million, 30 million. >> yeah. stuart: correct, sir. judge andrew napolitano is here. >> i guess you and i will agree on this. it is absurd to suggest that tax

already ebay is saying no to that idea. buy more stock. a major proxy group said no to that idea. one analyst said essentially breaking paypal away from ebay, like itunes being split away from apple. sending it back to you guys. ashley: liz macdonald. fascinating stuff, thank you. >> melissa francis joins us now and she will guide you through the next hour of fox business. melissa what do you have coming up? melissa: the federal budget comes out at 2:00, we're seconds away. the markets are pretty much flat in anticipation in wait and see mode. after four days of gains. ashley, what do you think about all this? ashley: it is interesting. off the board a little bit but not a correction according to our analysts. sounds like a great show, melissa. take it away. melissa: absolutely. thank you so much. all right let's go right to peter barnes on the breaking news. peteer? >> hey, melissa, a break-even month in january for the federal government, about break even. the treasury department just report ad small deficit for january o

avid buyers on ebay. initiative, people who are entrepreneurial makers of all kinds of fabulous products, and we have given them a market, called martha stewart american made, and you go right to ebay and find it. but we have given them a really fine marketplace in which to sell their goods. at the same time, we are promoting american manufacturing. we are promoting american made, american design, and they have a very good deal. any makers out there that need a place to sell your wares, come to martha stewart. >> many would call you the original maker. there has been sort of a rise of this maker's trend. to what do you attribute that? >> because there are so many people, including lots and lots of women, who are working at home in entrepreneurial ventures, making things that other people need and want. and those are the products that we want to focus on in this initiative. so american made is a big thing for us. we have a year, every year we have a big event celebrating, that's in october, and you will he

it was completely baffling, ebay buying skype.eople are going to want to talk to each other before they buy things. the whole reason people use ebay is because they do not have to talk to each other. the difference here is facebook has demonstrated they will do everything in their power to make sure they do not get disrupted by someone growing faster, and make sure those platforms do not go to their largest competitors. they know exactly where their market is. people are holding smartphones in their hands to access and communicate with their friends. they will outbid anyone to get it. >> does it matter that they are buying versus building innovation? i know they tried with facebook messenger to grow that part of the business. >> it does not matter because they are pragmatists. they are not standing on principle. they are saying, we will buy it from someone else, but we refuse to be disrupted. that is something the tech industry has struggled with for a long time. this is something they are extremely good at, we will not stand on p

it was completely baffling, ebay buying skype.eople are going to want to talk to each other before they buy things. the whole reason people use ebay is because they do not have to talk to each other. the difference here is facebook has demonstrated they will do everything in their power to make sure they do not get disrupted by someone growing faster, and make sure those platforms do not go to their largest competitors. they know exactly where their market is. people are holding smartphones in their hands to access and communicate with their friends. they will outbid anyone to get it. >> does it matter that they are buying versus building innovation? i know they tried with facebook messenger to grow that part of the business. >> it does not matter because they are pragmatists. they are not standing on principle. they are saying, we will buy it from someone else, but we refuse to be disrupted. that is something the tech industry has struggled with for a long time. this is something they are extremely good at, we will not stand on p

ebay holds the claims quote ebay calledlse -- the claims "blatantly false." >> my next guest turned what kids did for fun into a moneymaking sport. he turned pro by the time he was 14. since then, he is taking skateboarding mainstream. he is taking his clothing line global. tony hawk's one generations chairman of the board and he joins me now from los angeles. great to have you with us. tell us a little bit about how you managed to turn skateboarding into almost , onything, a videogame online experience as well as the clothing line. what haven't you done yet? >> well, i just did things that i felt were intuitive and that were easily associated with our culture and our sport. skateboarding is not so much a sport as a lifestyle. there is so much night that transcends in terms of music and fashion and entertainment. that is what i wanted to do. i wanted to promote skateboarding in the best way possible through different media as well. >> using different medium, you have put together a foundation. tell us what you are doing. >> my foundation supports public's state parks. we try to empower c

how one company is going after people who sell their projects on ebay. >>> a 9-year-old boy jumps into action and his saves mom after she is pinned by the family minivan and how his first time behind the wheel proved to be heroic. [ sports announcer ] here's another one, alyson dudek. hales corners, wisconsin. nice pass by alyson dudek. can she hang on to that spot? and she does! [ male announcer ] with the u-verse wireless receiver, your tv goes where you take it, allowing inspiration to follow. ♪ [ dad ] looks pretty good, right? [ girl ] yeah. [ male announcer ] switch to u-verse and add a wireless receiver today. ♪ . >>> taking a live look at stormtracker 2 you can see the radar is showing a lot of green out there and some yellow around santa rosa. the first serious storm of the season has been pelting bay area since yesterday and continues to do so. ktvu meteorologist mark tamayo will return with a live update at 10:30 tonight. >>> a at human rights conference u.s. attorney general eric holder announced a new federal policy for the treatment of same-sex married couple. >> on monda

at this time i'll welcome the executive director of ebay you know the folks. the global movement to end violence against women and girls the woman who runs ebay (clapping.) wow. >> thank you. i want to take a moment to say how fabulous is it is to have fair and reasonable oil people va have dreamed about today about having a space to rise for justice fab oil having our voice her i want to thank you on behalf of all of us (clapping) last year, we rose and demanded an end to violation against women and girls we're calling on men and women he everything else to rise for justice it's a global call for people to gather in places where their entitled to justice and government offices and administration buildings and sites of environmental place and place of who were where women deserve to feel safe. image one billion women telling their stories and dancing and telling their stories they need an end to violence against women and girl today 2 hundred countries around the world men and women who love them rose and demanded justice (clapping) and a together with us here

he's taken on apple and netflix now ebay. in an open letter he says ebay has the most blatant disregard for accountability he has seen. among his demands, splitting ebay and paypal apart. >> apple is adding mac computers to the list of devices vulnerable to a bug and it's a serious bug. bad guys may be able to fool apple devices into thinking they are your bank or e-mail provider by spoofing the secure socket. apple has a patch and you should update it right now. go to your settings, look for updates, there is no fix for mac yet. >> netflix and comcast reached a deal to give customers, trying to find the best path to your home. the deal allows netflix to deal directly with comcast without a third party dealer. we should mention comcast is the parent company of this tv station. >> let's check in with christina who also works for comcast. >> yes, actually very good time to be working for comcast. by the way, you can catch all of that olympic excitement on demand in case you missed it. san francisco, lots of fog but what you're

the ebay founder backing it.has come known internationally for his breaking of the nsa prism story. talk about this publication and what you're trying to do and what the business model is. ebay hasunder of wanted to get into the world of meeting for a long time. at a time when glenn greenwald and myself about six months ago were talking with our colleague about building a news organization that would have inherently adversarial posture towards the stage when he came to violations of the first amendment and fourth amendment of the constitution, pierre omidyar reached out to glenn greenwald. ofsaid, i'm thinking starting a news organization. would you guys want to collaborate in some way? he did not envision building a news organization. he wanted us to collaborate. glenn and i were in rio at the time and we said, let's pitch canre on this idea that we work with them. at first we were talking about building this much broader picture news organization with sports and entertainment and politics and national security

cheryl: making some news today activist investor carl icahn sent another letter to ebay shareholders saying, quote, he has raised what he considers to be serious and direct questions regarding corporate governance that ebay. the letter primarily focuses on conduct of the ceo john donahue and directed scott hoch, this after carl icahn charged the day's board with complete disregard for accountability, that is a quote earlier in the we. take a look at shares of ebay, not hurting vostok today, stock is up $1.57 a share, gain of almost 3%. adam: good news in the housing sector, new home sales will above expectations, rose nearly 10% in january to an annual rate of $468,000. that allow highest level since 2008. those gains driven by a surge in the northeast where sales surged 73%, so much for the weather. that news sent stocks into positive territory where they have remained since the dow was up 45 points. homebuilders gaining on the news even as mortgage applications for a new home fell last week and are at the lowest level in two decades according to the mortgage bankers association. ch

ebay is up 1 1/2%.used on goch nance than it is on making the argument why he believes paypal should be split from the company although that is the under pinnings why he's naming two directors to the board and put forward a nonbinding shareholder proposal to be voted when the annual meeting is set. it's the language that he uses and the underlying accusation. the skype deal he was there, yes, he recused himself, so what. then he invested from skype and made a good deal of money from it. was it a good deal when they sold it or when he bought it. and then also questioning the presence of mr. cook on the board as well. >> i think he's got the momentum. remember your your numbers would have gone down. now icahn is involved, 55, i think the stock can go higher. >> ie kon goes on 2.7 theirs. it was that day that ebay presented his presence and sent the stock higher that may have prevented him from taking a potentially higher stake. >> donahue does not high, though. >> no. came on tv. >> feeling we may have to

ebay hitting a record high. more drama, sarah, in that story. watching ebay shares. this diamond sold for a world record price in november. it's back at sotheby's because the buyer cannot pay. more when we come back. time and sales data.le a] split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ from td ameritrade. (voseeker of the sublime.ro. you can separate runway ridiculousness... from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gig

others figured that out too including an ebay user who gobbled up a bunch and sold them on ebay. >> itht be worth it, but it depends on if it is 5. :30 or money:00? >> the res voition sold for $20 -- the reservation sold for 20 bucks. the general manager canceled all of the reservation so he is no longer selling. foodies, your chases are waiting in line or get up at 4:00 in the morning. he chose 4:00 a.m. and chose a reservation for 5:30. >> i feel like i beat the system a little bit. >> by the way, john being the first in line was able to get 7:30 reservations. 10 of the other persons she got 9:15. >> good information. >>> a california woman is at the center of a heated debate over breastfeeding in public. this involves airplanes. delta is apologizing to lyndsay james, a new mother in orange county who couldn't find delta's breastfeeding policy. she had an upcoming flight and says her baby will not take a bottle or take a breast under the blaine a cet. unfortunately you cannot breastfeed without a cover up. i'm sorry. >> all i wanted was a written statement to them to show the flight