>> we think anyone with a mastercard. you can use the card anywhere where mastercard is accepted. this gives you a great way whether in store with an app or mastercard. david: we have the chief emerging payments officer. he knows this stuff inside and out. best of luck to you. fun stuff. liz, over to you. liz: tell us what you think, will apple pay replace use of apple cards? tweet us @fbnatb for your answers coming up. apple set to report earnings any minute. what impact does the fast-selling iphone 6 have? it only had a couple days before the quarter ended to be counted. could apple have another share buyback? questions and instant analysis next. >>> mortgage giants fannie mae and freddie mac reach a deal that will make it a lot easier for borrowers with weaker credit to access home loans. could this lead to another housing crisis or will loosening up the standards help the housing market. we'll break down your ability to get a loan or your ability to sell your house. ♪ it's monday, a brand new start. with centurylink visionary cloud infrastructure, and custom communications sol

they trust their mastercard, the issuing banks who provided that mastercard to them, and they like their. one of the things about payments, we're dealing with money in consumers who are somewhat conservative about money. they should be. bringing that experience forward into the digital age, we think that is a winning strategy. that's why we think it is a great innovation? marc is a great innovator in his own right, so i don't want to argue with him, but for us it is a great step forward. we think consumers love it. >> he thinks apple pay is a solution in the next three years, but in the long-term it is something more like bitcoin. everyone has their own opinions about bitcoin, but you think apple pay is more of a short-term solution, and will the payment industry continue to evolve so fast that in three years we will talk about something else? >> you have to deliver a certain set of values. the trust and security is critical. people are doing with their money, and they want to make sure it is secure. any solution has high stakes, because people use cards day in and day out. compete haswa

by mastercard shall any time, anywhere you use your mastercard, you get a priceless surprise.ved dick houser, the late dick houser, manager of the '85 championship royals, died in 1987 at the age of 55 from a brain tumor. steve horner, editorial consultant reminds us all-star infielder, 1961 kansas city athletics, manager of the 1980 yankees team that won 100 games, lost to the royals in the nlcs. retired number by this great franchise, out there in left field. next to george brett and frank white. >> harold: weird thing, playing in '85 and, obviously, '87. and to hear of someone of that stature that you're used to seeing and knowing the complications he went through, it's wrust not as common as today. we have so many efforts, cancer or whatever the drive might be. there's a lot more efforts now than there were back then. i think you weren't always aware of the different things he might have been going through. >> tom: you said it, joe. one of only three men, you see it there, to wear a royals uniform, to have that number retired. what a job he did that entire postseason. they

by mastercard shall any time, anywhere you use your mastercard, you get a priceless surprise.ved dick houser, the late dick houser, manager of the '85 championship royals, died in 1987 at the age of 55 from a brain tumor. steve horner, editorial consultant reminds us all-star infielder, 1961 kansas city athletics, manager of the 1980 yankees team that won 100 games, lost to the royals in the nlcs. retired number by this great franchise, out there in left field. next to george brett and frank white. >> harold: weird thing, playing in '85 and, obviously, '87. and to hear of someone of that stature that you're used to seeing and knowing the complications he went through, it's wrust not as common as today. we have so many efforts, cancer or whatever the drive might be. there's a lot more efforts now than there were back then. i think you weren't always aware of the different things he might have been going through. >> tom: you said it, joe. one of only three men, you see it there, to wear a royals uniform, to have that number retired. what a job he did that entire postseason. they

this is the mastercard i would like to use. it connects to mastercard systems.idation from your bank that you are you, the account is your account. we put a special unique number on it that can only be used from the device. uses the security, emv, high transaction crypt to ji around that and validated with either your pass code or touch id. >> you've got a number of big retailers using this and apple pay but not the country's big e walmart, going their own separate path, working on their own payment system. don't you need a walmart if you're going to make this more ubiquitous? >> there are huge contact list. over a quarter of a million merchants in the u.s. taking it today. 2.5 million worldwide. we think every retail is going to want to offer this convenience. >> i guess the question maybe asked in another way is, if walmart is working on its own payment system with you guys why does apple need to be involved? >> i think what this is allowing is those consumers who have an iphone, it gives them a great shopping experience. i think every merchant is going to wan

use your mastercard with apple pay and you could get a priceless surprise. yes! yes!t day of my life. wait, wait, wait, it's wait, wait, wait...whoa, does she have special powers when she has the shroud? no. guys? it's the woven one the woven one. oh, oh that gives her invincibility. guys? no, no, no... the scarlet king is lord victor's son!! no don't. i told you! you guys are gonna be so surprised when you watch the finale!!! you're so lucky your car has wi-fi. yeah...i am. equinox from chevrolet... the first and only car company to bring built-in 4g lte wi-fi to cars, trucks and crossovers. the question i get get the most is probably, do you feel fear? what's the closest you have ever come to death? they're boring. i have a website because i need a way to put myself forward in my own way. this is my story and and this is how i want to share it with people. i'm alex honnold and this is my squarespace. >> joe: tonight's telecast is sponsoredqk >> joe: finnegan got roughed up in the sixth and coming back out for the seventh. >> tom: holding back the giants is like hold

number one, visa and mastercard.k pimm was doing his apple pay. >> i was trying to learn about it because we are talking about credit card companies. >> you are following. mastercard and visa topped their estimates. consumers are charging more but the big issue is -- the big topic for these companies is mobile payments. apple pay. >> visa and mastercard definitely benefit from apple pay. they have worked out arrangements with them. they would certainly benefit, but to your point, pimm, how many people have been able to make successful purchases with apple they? -- apple pay? i know olivia sterns has gone around and tried it out. >> i was listening to erik schatzker speak to brian moynihan yesterday of bna -- bofa. they noted that they were rolling it out. a lot of companies said that it is their issues, not apples that is preventing them from doing it. >> forces everyone to get up to speed. 6?you need an iphone with the new operating system. >> this is what i was doing before i was told i was not doing anything. >> y

visa and mastercard can do very well.avid: interesting bid democratic senator up for reelection in north carolina. she has been distancing herself from president obama. she did an interview with the local tv station when asked if barack obama was doing a good job, she said once again this election is not about the president. he is not on the ballot. in the interview asking again is the president doing a good job. she said i think we look at what has happened in our country today whether it is afghanistan, iraq, the issue right now is isis, ebola, cementing that hit our country he has a very difficult job. rich edson joining us from the white house. the president out campaigning again today. there is a reason for that. >> he is campaigning for gubernatorial races. safe democratic areas. a political asset, so they are deploying him to areas to campaign in gubernatorial races. these areas in louisiana, north carolina, these other places the president has no place to go and candidates like senator mary landrieu trying to draw

by mastercard, any time, anywhere you use your mastercard you could get a priceless surprise.l coverage tonight as the temperature dropped a few degrees in kansas city. brought to you by goodyear. knock it out of the park. goodyear, more driven. >> harold: you felt that temperature drop. >> joe: it feels more like october here in the midwest as javier lopez takes over for bumgarner. who goes seven, one run, three hits, struck out five and walked only one. gave up his first world series run in his third start on a home bun by salvador perez in the seventh. >> harold: i know it's a 7-1 game but i think this is an important at-bat for moustakas as we go through the series because they are going to bring lopez in to get him out. >> joe: he is 1 for 2 tonight. took a strike. now a ball. >> harold: in different situations where the game is tighter. this is the matchup you're going to get, lopez against moustakas and possibly hosmer. he is that left-handed specialist. >> joe: that's down. ball two. you saw strickland, the rookie right-hander, getting ready, with escobar on deck. you'

by mastercard, any time, anywhere you use your mastercard you could get a priceless surprise.l coverage tonight as the temperature dropped a few degrees in kansas city. brought to you by goodyear. knock it out of the park. goodyear, more driven. >> harold: you felt that temperature drop. >> joe: it feels more like october here in the midwest as javier lopez takes over for bumgarner. who goes seven, one run, three hits, struck out five and walked only one. gave up his first world series run in his third start on a home bun by salvador perez in the seventh. >> harold: i know it's a 7-1 game but i think this is an important at-bat for moustakas as we go through the series because they are going to bring lopez in to get him out. >> joe: he is 1 for 2 tonight. took a strike. now a ball. >> harold: in different situations where the game is tighter. this is the matchup you're going to get, lopez against moustakas and possibly hosmer. he is that left-handed specialist. >> joe: that's down. ball two. you saw strickland, the rookie right-hander, getting ready, with escobar on deck. you'

. -- jewel is plastic, visa, mastercard, american express and discover reported 546 million cards in use. the sensis card said the number waiters may not know that i host a daily nags at news programme, but hackers rooting in my credit card records already do. it's "inside story". [ ♪ music ] >>> hello, i'm ray suarez. another day, another data breach. this one is huge. involving one of america's giant bank combines jpmorgan chase, and they used the beach head at morgon to burrow into the digital vaults of other institutions. among them deutsche bangs and bank of america and five others like hs b.c. and citigroup reported they were attacked by the same virtual vandals that penetrated jpmorgan were fiddling with the locks at their place. the size of the breach and ambition is troubling, and this had a national security aspects as tensions over the russian invasion of ukraine rose, officials up to the president watched closely, suspecting a attack. >> reporter: that old saying may tell you cash is king. the crown july -- jewel is plastic, visa, mastercard, american express and discover

we will open up our markets and allow qualified companies like visa and mastercard to apply to be ablerun their business inside china. that is a huge opportunity. this would be a great new revenue stream if it goes through. no new timeline yet. >> thank you to all of you for keeping us on track. it is visa. we do want to remind people that gold is down. platinum, silver, palladium. the commodities are not participating in this rally. we are just days away from the november 4 election. finally making the big push to win control of the senate. which way will the pendulum swing? rich edson joins us from the white house. so much focus on the senate. it that appropriate? >> it is. it is up for grabs. these are the six or seven states that the republicans think that they can win. these are states where president obama, by the way, is not campaigning right now. he lost these states in 2012. nationwide approval ratings have pretty much fallen. 41% say that they approve of the president job. as for who these folks want to control congress next year, 47% say republicans. this is a tough season f

. >>> mastercard has come up with a novel way to get new customers. it's offering free wifi to travelers in england. mastercard is partnering with a british wifi provider that has 22,000 hot spots. travelers have to download the london wifi mobile app, then register their device before traveling. >>> starting today, target is offering free shipping on all items in an attempt to compete with amazon. really early for such a move coming weeks before the holiday season kickoff thanksgiving weekend. it could squeeze target's profit margins as well but the company is trying to do everything it can to woo customers. increasingly researching and buying on their smartphones. it's also trying to move beyond a massive data breach that hurt holiday sales last year. >>> the backbone of san francisco's renowned food scene is being revamped. this morning, san francisco mayor ed lee toured a new distribution facility at the wholesale produce market. it adds 8200 square feet of space to the market which supplies fruits and vegetables to restaurants and grocery stores.

the newest iphones take a picture of your visa or mastercard, then apple pay creates and stores what's called a digital pay token. according to visa, that creates an added layer of security. >> their credit card number is never actually on the phone. we replace that number actually with a digital alias that replaces the card number, can run through the payment network just like a regular card number would. >> reporter: donna tam covers electronic payment technologies for c-net and says the digital alias numbers can be helpful if retailers' system are compromised. >> if someone hacks into the merchant's data base and tries to get that information, the information will be useless for them to use. >> reporter: when you do make a purchase, instead of swiping a credit card, the phone prompts you to authorize the sale with a fingerprint. another security layer. but what happens if you lose your phone or it's stolen? >> there have been a lot of studies done when people lose their wallet, they will report that loss within 24 hours. when they lose their phone they typically report it within an

stuart: i recently had my mastercard taken away, my visa card taken away from me. >> stop spending.t: a pain getting them back. i haven't lost anything. could you offer me, an individual, an insurance policy against loss from packing? >> if they were hacked part of the policy covers would provide you with credit monitoring. stuart: you get the insurance, sell the insurance company to visas and master card companies. that is where you come in. get me an idea of cost. >> the range from 2500 to $30,000 per million depending on your firewalls. stuart: sorry, got to make this real simple. it costs $25,000 to $30,000 to ensure $1 million worth of losses in a place like mastercard and visa and that price would go down if they could show you they got real fire walls in place. the price would go up if they are very vulnerable. >> in addition the vendors is where we are seeing a lot of flames. vendors that mastercard and things along those lines, there is legislation, state and federal officials are working on making sure vendors have proper protection. stuart: everybody is getting insured. i

also, we get earnings reports from conco, mastercard, kellogg, starbucks, gopro and linkedin. >>> before we head to the break,ite was an action packed series for baseball games last night with the san francisco giants winning the world series during game seven. the defeat over the kansas city royals went down to the wire. bottom of the nine with two outs and a run on third, it's popped up. sandoval was under it in foul territory and finally, he has it. the victory marks the giants' third title in five years. >>> and still to come on the show, all eyes maybe on the fed. but brazil anticipates central bank shocks investors with a rate hike just days after the heated presidential election. we tell you more after this break. >>> and higher guidance after earnings beat. but denmark's largest lender says there's a long way to go to hit long-term targets. we speak to the cfo first on cnbc. >>> and all aboard, a new cruise ship kicks off a long voyage to china. we speak to the ceo about getting new passengers on board. with universities across the state. for better access to talent, cutting edge

analyst cutting visa to neutral and listen up, cutting mastercard to sell. note headline says that macro headlands may slow revenue growth especially in developing markets where economists keep cutting their forecasts so mastercard cut to a sell, man day. >> starting an outperform rating and also huge $55 target for microsoft. mr. softy. >> it's not soft anymore. think about this. they say yeah, the pc market could be slow, but the office and cloud franchises with big and they are growing well. also note the xbox is doing well. get this, windows 10, yes, windows 10, could be a catalyst. bernstein, by the way, has a price target of 56. this is actually the second highest price target that i've seen on microsoft, at least on the buy side. >> okay. credit suisse starting ha hanesbrands. >> about 19% more upside. they simply say they are compelled by sustained double-digit earnings growth deals. also, the intimates space, underwear to you and i, is helping. >> okay. call number four, electronics for imaging, up to buy from neutral at citi. >> yeah, it's a small

visa, mastercard, american express. all part of this gnaw program. >>> hillary clinton back in the ray -- she and house minority leader nancy pelosi are hosting a parallan ch. it starts at 11 this morning. tickets start at $500 apiece. >> after meeting up at at&t park, they added yesterday morning. you can see the buses driving along there. you can also seat players getting aboard their charter flight to the midwest. one of the fans who saw the giants off has a special motorcycle dedicated to the team. >> we have more supportive giant fans. they follow a lot of baseball now. and so that's why i'm making this bike. it's only -- believe it. >> this is the giants third world series appearance in five years but this time, they won't have the home field advantage for the series. time now is 6:08. iting a lot like a war zone but this is actually the scene at a popular pumpkin festival. how police are trying to track done those responsible for the violence and destruction. >> dangerously close to mars. the valuable information

visa, mastercard, american, press and more than 500 banks.nsmitted across the network stored by merchants. a different traction. it's more secure than swiping a credit card. >> you can wrap the phone with security. >> i think that because we store so much information on our phone any ways, why not? >> reporter: there are some limb nations. you need to have an iphone 6 or 6 plus. and you can only use it at a limited number of retailers. and the retailers have to have what is called an nfc reader at the check out counter. google has had a similar mobile pay system called google wallet. but it hasn't seemed to gain huge popularity. reporting live from san jose janine de la vega ktvu channel 2 news. >> yeah it always seems when apple gets involved something becomes a little bit more popular. we'll see. thank you. >>> also new this morning, ibm getting out of the chip business. early today the giant announced it's dumping its very costly microchip manufacturing unit. ibm will pay the santa clara base company global foundries $1.5 billion to take o

. >> i think it will be more like mastercard versus visa. i am sure apple or google will try to net the changes. as of today they are available at both places. it's not necessarily something that will move the needle for either company. it's a cool proof of concept of technology. i don't think that people will be completely leaving the wallets at home. the average person will not be doing that for a while here. we could see that in five to 10 years. >> i'll try it until the cops pull me over and i don't have a licence - is that not in the phone too. >> thank you colleen taylor, a reporter at "tech crunch." >>> coming up honey bees contribute $15 billion to the economy. bee keepers are losing a third of bee colonies each year. at that rate they will not be around all that long. i'll look at what is killing off the bees and the economic damage it's causing. stay with us. >>> safety regulators are repeating a warping to openers -- warning to owners. 4.5 million vehicles - have your air bags repaired. the warping issued -- warning issued covers

mastercard ahead of the street with its quarterly results. reporting higher payment volumes. that's got to be a good sign, one would expect. >> these two companies are fabulous, okay? they are duking it out. mastercard, good to see them catch them. visa conference call i suggested everyone listen to it. charlie sharp is a sharp guy. they talk about this was the blow away number. high double digit to triple digit growth. how many times -- we are lucky to have high single digit in the economy. that's 19% of their business. >> that's people buying things on their mobile device. >> right. >> this is why in the end the hideous action in facebook, incredibly discouraging action in twitter -- >> what about amazon? >> yes. and google. google is moving in this business. that was very encouraging. they wanted to be agnostic. people wanted to talk about apple pay. i wanted to talk about apple substance before we talk about other things. apple pay signed up 600,000. the other was visa. russia is going to its own payment system. they have 100 million cards, doesn't matter. then china said

you're fighting visa and mastercard here. fighting the major banks.in the end, cvs, you know, i absolutely love, great company, rite aid, making a comeback, i don't know if they'll have the wherewithal to defeat apple pay. >> if the consumer votes with their feet or makes it clear that they want this as an option, one expect they perhaps have to adopt it. right now, and not that apple hasn't seen this in the past, it may be slow going as they try create this echo system if they're successful could conceivably be worth a great deal to them. >> how about if walgreens says usele apple pay, we'll give you 10% discount. what does that do? cvs riding high, they took tobacco out. walgreens suffering from a lot of bad news, not dug oing inversion, cfo leaves. david wassen -- greg wassen listen, this is your chance. watch the show. you offer discount, make a deal with apple, you go in and you should be making that call now to chicago, it's probably too early but when you make the call, come on my show tonight, we'll talk about it. >> okay. we will watch apple

to create new rail a replacement set of rails for visa, mastercard, discover and american express.he thing that i think is so funny, ironic, is okay. so you can't use apple pay. i understand that's a real violation of their contract. because as the mobile payment scheme. yet they can -- their consumers can still use the credit cards that are in those wallets. so it is an od -- it is a really odd situation to take at this point. and i think part of the dilemma that these guys are -- these guys meaning currentc, are trying to sort out is okay, if i say okay to apple pay i have to say okay to every other mobile payment as well. so i think it's mess. >> you probably said it best when you said you can't afford to take three years to bring a product to market when the space is innovating so quickly. we'll have to have you back some time soon. and we appreciate your time. >> thank you. >> karen webster of market platform dynamics from boston. >> we're going to be talking about this for a while. hp announced a if major move into the world of 3-d printing yesterday but what did it actually

the mastercard has put a chill in the situation. don't want to have numbers coming down and i don't need real doubters in here. m.a., right now is on the hold list and not the buy list. how about doug in florida. doug? >> hi, jim. thank you for taking my call. >> of course. >> long time follower, first-time caller. i have a question about sienna corporation. it was recommended a while back and i've been watching it go down. i got stocked out of other stocks that turned around and now with a limited portfolio i wonder what your recommendation is. i think sienna is a heartbreaker and you know what? i say no to heartbreakers. it's broken too many hearts and it it doesn't get my endorsement. may i go to will in massachusetts. >> hi, jim, thanks for having me on the show. >> absolutely. after a pullback and i was wondering where you thought the stock was headed. >> i think dsw is in a major turn and i would like to shoot a bull market. i like the whole product portfolio. i think it's a good situation. i want to buy dsw, the old designer

that was not the quarter that i wanted and i do prefer visa and mastercard to it, but it didn't really hit, and then it bounced right back and that's why i am going to tell you that i want you to hold on to discover because it's much cheaper than visa and mastercard. the one that was a real stinker was capital one and i thought they would have a good quarter. you're fine with discover. how about donny in florida. >> boo-yah, jim! >> boo-yah. >> i'd like to know about mankind. should i hole, sell, buy? >> here's what people told me that i shouldn't get too excited about it and i felt it would be this inhaleable diabetes and people told me, listen, it will not be taken up by doctors that much. here ate way i look at it, mankind. i have so many celgenes and so many regenerons and so many agos, have you guys been watching that one lately? i don't need no mankind. it's easy to attribute today's rally to unemployment or the fed, but welcome to my world. i find out what is actually happening, what's going on, why and the impact on the overall market. the bulls crushed the bears in hand to han

so far, visa and american express and mastercard are on board. apple pay is of course similar to google wallet which has been out for awhile now with use with android phones. >>> ibm is getting out of the chip business. the silicon valley giant announced it's dumping its manufacturing unit. insiders say ibm will pay the company global foundries $1.5 billion to take over operations. big blue will make those payments over the next three years. its stock is up on the news as well. >>> a woman sentenced to state prison for identity theft has been charged with wiretapping a police officer's phone. last month she was sentenced to eight years in prison for identity theft in a plot involving her husband while he was a commander of the pacific grove police department. the couple created an unlicensed protective company. >>> new developments on the ebola crisis. the world health organization announced that nigeria is free of ebola. 45 days has passed which is twice the maximum inuation period. friends and relatives that came in contact are now free to leav

. >>> stocks are climbing this afternoon after visa, mastercard and other companies turned in strong quarterly results. visa stock is up over 10% right now. it's really helping the dow. right now the dow is up 182, nasdaq up 2 and s&p up 7. >>> u.s. postal service expected a busy holiday season. postal workers estimate they will deliver 4 billion packages this year, that's up 8% from last year. ups and fed ex also expecting to see a big jump in deliveries. one reason for that is online shopping. amazon is adding 80,000 seasonal workers to help with the seasonal crush. >>> some parents turning to technology to help their children fill their trick or treat bags. >> who are you supposed to be? >> mavis from hotel transylvania. >> parents say it will help avoid confusion and frustration on halloween night. >> they get kind of discouraged if they are standing there and no one is answering. we start walking down the street that doesn't have trick or treating we kind of wasted their energy. >> next door also created maps that show which are the hot neighborhoods for trick or treatings. the

"one more day" for help planning your one more day, contact mastercard concierge services or downloadnew app. because one more day is priceless. ye- yes! we have the new iphone. how- cause everyone's coming in for the new iphone. wh-what... kind of service plan can you get? well right now if you select the 15 gig plan we'll double your data and make it 30 gigs for the same price. well that- great! you'll take it. in head * are you inside my mind right now? nope where was... albuquerque who was the porcupine what is my fave- hollandaise sauce no way... the new iphone is here and now you get 30 gigs of data to share starting at $160 dollars a month. do you crave a quesadilla a that looks like this? if you answered yes both of these questions, you may be interested in the new shredded chicken mini quesadilla. part of taco bell's new dollar cravings menu with eleven crave able creations each for just a dollar. [sfx] bong cj what's with the line? must have got a whiff of my hair. it's head & shoulders with fresh scent technology. it keeps me 100% flake free, and smells better than ever. i

"one more day" for help planning your one more day, contact mastercard concierge services or downloadnew app. because one more day is priceless. ye- yes! we have the new iphone. how- cause everyone's coming in for the new iphone. wh-what... kind of service plan can you get? well right now if you select the 15 gig plan we'll double your data and make it 30 gigs for the same price. well that- great! you'll take it. in head * are you inside my mind right now? nope where was... albuquerque who was the porcupine what is my fave- hollandaise sauce no way... the new iphone is here and now you get 30 gigs of data to share starting at $160 dollars a month. do you crave a quesadilla a that looks like this? if you answered yes both of these questions, you may be interested in the new shredded chicken mini quesadilla. part of taco bell's new dollar cravings menu with eleven crave able creations each for just a dollar. [sfx] bong cj what's with the line? must have got a whiff of my hair. it's head & shoulders with fresh scent technology. it keeps me 100% flake free, and smells better than ever. i

chants frustrated and fed up with the fees they pay debit and credit card processors like visa, mastercard and american express. industry experts say their refusal to take apple pay is less about the app and more about the retailer's problems with its processing partners. >> they declined comment but the moves by rite aid and cvs come ahead of the launch of the exchange's own mobile payment app called currency. there are no credit card payments so there are no processing fees charged to retailers. if currency gains wide acceptance, retailers might save millions given mobile payments are forecast to hit $90 billion in the u.s. by 2017. but that, analysts say, and currency and apple pay's success depends on the consumer. >> i think the customer is going to decide who the winners and losers are. >> they might choose apple pay's ease of use or the promise of discounts and rewards from retailers who track their spending habits. both offer stepped-up protection from tokenization. >> they both protect the consumer, the card holder from being identified with the transaction. what consumers identif

the crown july -- jewel is plastic, visa, mastercard, american express and discover reported 546 millionards in use. the sensis card said the number tops a billion. how safe is your number, money and personal information. hackers and leaves never sleep. >> it's the result of unrelenting criminal activity, which so far we have not found an effective way to deter. it's too easy for the bad guys to do this and get away with it. >> the data breach is among the biggest, compromising the accounts of 76 million households and 7 million small businesses. the bank released details in a security tiling. hackers were inside the banks systems for three weeks before the break-ins were discovered. other financial institutions were targeted from the same rogue ip addresses. concerns reached all the way to the white house. president obama was briefed and reportedly asked in this attack was state sponsored, linked to russia and vladimir putin, in retaliation to the sanctions in response to the troubles in ukraine. jpmorgan chase says there's no evidence account numbers, passwords, user ids or security nu

and earnings reports from connickco, mastercard, starbucks. >>> major shippers out with expectations. we've got u.p.s. expecting its busiest holiday shipping day to be monday, december 22nd. predicting it will deliver more than 34 million packages that day. fedex expecting that busiest day is going to be december 15th. four weeks earlier than u.p.s. and if anticipating 22.6 million shipments that day. >>> meantime, a new study by financial services deloitte found that 56% of consumers will still shop at stores that have experienced data breaches. good news for retailers like target, home depot, and michael's which has fallen victim to data breaches over the past year. >> some people won't because they're still afraid. jackie deangelis, cnbc, thanks. >> announcer: now your nbc10 "first alert" weather. >> dense would go for most of the area. as temperatures have dropped into the 30s and 40s. 46 degrees at nbc10 at 5:26. "first alert" traffic reporter jillian mele has more. >> you've got that right, the fog all over the place this morning, bill. 422 at route 29. eastbound side with the h

earnings season continues with reports if mastercard and visa.ron and exxon social media giants twitter and facebook and starbucks. on tuesday the latest report on durable goods orders. wednesday, the fed ends the two-day meeting on monetary policy. thursday the first read of the gdp will be out. gdp of course is the broadest measure of the health of the economy. on friday, the latest on personal income and spending in the u.s., plus of course trick or treat. halloween is friday, october 31st. this week, the treasury department issued new guidelines designed to expand the use of income annuities inside of 401(k) plans to provide income for retirees. what is an annuity and it is right for you? personal finance corporate sharon epperson is joining us with more on the pros and cons. hi, sharon. >> hi, becky. to expand options to include deferred income aknewties in targeted 401(k) plans they may be attractive because you can build savings tax deferred and protect what you have saved and generate a steady stream of income. if they want more in guaran

mastercard posted third-quarter profits that the estimates.ore consumer spending and mastercard has signed a new deals with retailers, including walmart and visa also had a great quarter. it was everything you could have hoped for in game seven of the world series. attom of the ninth, giants 3-2. madison bumgarner on the mound. it's all over. the giants won their third series in five seasons. course, he is the mbp. >> we have another m.v.p. here. >> i wasn't thinking about how many pitches or any of that. i was just thinking on getting outs. we had some pretty quick ones and they gave me a chance to stay out there. >> he seemed kind of tired. we have another m.v.p. with us. the qe era is officially over. the end of easy money might not be far behind. the fednomists expect to raise rates next year for the first time since 2006. that will have a huge impact on banks bottom line. jimmy dunne, how about notre dame right now? >> absolutely. everything is going well out there. the rankings are not appropriate. how they came to that decision, i do no

today, investors await the latest figures on jobless claims and gdp and earnings reports from mastercardlogg's, go proand linked in. the busiest shopping day. >> a new study by financial services form deloitte found 66% of consumers are will shop at sthoorz have experienced data breach, good news for retailers like target, home depot, and michaels which have fallen victim to data breaches. >> jackie, thank you very much. >>> a petition on victoria's secret to pull their ad campaign, the perfect body. the criticism is that the vast majority of women can't obtain a body that the company promotes in the slogan. >>> just ahead, one of the most fascinating and clever 911 calls in the past decade to save a woman from domestic violence. you could be at the corner of "i'm throwing away money" and "i had no idea." well, walgreens has your back. our expert pharmacists make it easy for you to save on your prescriptions. so you can keep your money where it belongs. swing by walgreens... ...where you could save even more with medicare prescription copays as low as zero dollars. at the corner of happy

president and chief executive officer mastercard. chief executive officer and managing director equity bank group. founder and chairman foundation and founder. joint chief executive standard bank, mr. sim chabalala. co-founder and co-chief executive officer mr. david rubenstein. and our moderator, president, african development bank, dr. donald kabarukah. >> good morning. i want to thank secretary of state for the kind words and for welcoming us here. we have the easiest subject which is finance. of course. i do have good panel of men here. and today we'll just talk about what does it take to get more financial flows into the african continent? pension funds todays ago here saying money is not the issue. the issue is what invest the money. and this morning everyone says africa is the place to be. so i wouldn't to begin with you. i recall meeting you in my office when you are lunching in africa. you and i had a conversation. you said to me, look, begin with south africa and nigeria. then i say how has it gone for you? well, first i wa

. -- jewel is plastic, visa, mastercard, american express and discover reported 546 million cards in. the sensis card said the number waiters may not know that i host a daily nags at news programme, but hackers rooting in my credit card records already do. it's "inside story". [ ♪ music ] >>> hello, i'm ray suarez. another day, another data breach.

. >>> mastercard is giving the thumbs up to a new biometric credit card, a new twist on the contact payment card. instead of a personal identification card and signature, this card has a fingerprint sensor and works only when a customer's thumb is on the sensor. the biometric data is stored on the card but customers have to register their thumbprint first. >>> an 80 foot inflatable tree has been set up in paris at the place vendome, a christmas tree. nobody likes it. they said it humiliates the city. the city says it was designed to spark interest ahead of an international art show. i'm sure it did that. >>> three friends hung out with this camel in egypt before posing for this hilarious selfie. despite having a reputation for biting and spitting, seems this camel was eager to show a friendly side. >>> before we go, we want to introduce you to some dogs nicknamed in honor of the giants. >> all of the dogs are looking for folks like you to give them a loving home. a loving home. meet ishikawa, his they are up for adoption at the monterey county spca. >> check out bochy. all the dogs were res

visa and mastercard have about 7000 members. they serve a lot of banks.hink about google and so on, those are heavily concentrated and i think they're competition is more dynamic. other leaders can emerge when they have something to offer. they need to allow leaders to be challenged by strong competitors. >> we congratulate you and thank you for spending time with us. , the winner of the nobel prize in economics. >> still to come, the situation is that unlikely going to get worse-long-term unemployed. that is next on "market makers." ♪ >> don't be fooled by the unemployment rate. it may be low but 20% of americans laid off during the recovery, not just the recession, cannot find work. a new report finds people out of work for more than six months face a bleak future. the co-author of a study is a public policy professor at rutgers. tell us about this dudley, what were the predominant findings? >> we found that even during the recovery and your viewers know there has been a good recovery going on, there is still this persistent problem of long-term unemplo

stuart: mastercard would likely have a chip in it? >> usb ed mastercar yes.s with a chip in it. stuart: how much is paid for with apple pay or other mobile payment systems? >> not much. apple pay is brand-new. the question is are people going to be paying with their phone instead of the card? stuart: what is your judgment, will they pay with the phone? >> i think younger people will, but the card actually works quite well. it is convenient, but if all you want to do is walk outside and carry your phone, apple pay is a solution. >> half of our production team have lost a credit card in the last several months. i have to believe the apple pay system will be a big winner, but i don't know that. thank you very much, indeed. president obama said if you own a business, you didn't build it, we will revisit this comment in a moment. >> if you have a business, you didn't build that, somebody else made that happen. new york state is jump-starting business with startup-ny. an unprecedented program that partners businesses with universities across the state. for better a

american express, mastercard and visa are all on board with this idea as well as many retailers including macy's and mcdonalds. in los gatos, azentih smith, channel 2 news. >>> happening now the treasure island music festival is wrapping up that means thousands of attendees are leaving the festival via the bay bridge so traffic may be jammed up on the bridge. the weekend festival featured more than 30 acts three stages and a ferris wheel. >> looks pretty cool. lots of fun. >>> and a group of people boarded a plane to kansas city. >> we'll tell you how they reached out to their loyal fans. >>> and after complaints there's now a plan to stop those traffic jumpers. you know those drivers. ♪shining, shimmering, splendid ♪tell me, princess, now when did♪ ♪you last let your heart decide♪ ♪a whole new world welcome to aulani, travel and leisure winner for top family hotel in the u.s. for special offers, visit disneyaulani.com or call your travel agent. at kaiser permanente, everything you need is under one roof. another way care and coverage together makes life easier. okay, a little easier. bec

they took the existing standards and worked with the said mastercard and are using new tactics.nk the touch id also improves the security. i because our incremental steps. i think what mark was calling out was the value-added proposition. they will also get anywhere from 12 when five basis points of the transactions. you have been in those kinds of situations. one wants to give up a huge dollar amount. >> i think they got it. this is their breadwinner. for them to give some of that up , they had to be worried about missing out on apple pay. wered sounded like they backed into a corner and had no choice. >> i think that is probably the case. controlled ortely ecosystem. it is a really powerful ecosystem. they control the hardware, the and to and on the handset. end to end on the handset. i think that google has a different for loss of the. android is an open ecosystem, where we see rising tides and shifts. pay, maybe google will come back to the temple of bush in that direction. great do you think that google is going to go back to the table? how much of a chance this google stan

mastercard, starbucks and conoco phillips reporting thursday.il, chevron and hilton release earnings on friday. u.s. personal spending will likely show a slump in september while incomes are projected to have shown an increase for that month. that is your look at the week ahead. >> thank you so much. stay with bloomberg this weekend. stephanie ruhle sat down with carl icahn. they spoke at the robin hood investors conference here in new york this week. the entire interview this weekend. with the spirit we will have another checkup the market movers on the other side of the break. -- stay with us. ♪ >> get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet and on bloomberg.com. that does it for this edition of "bottom line." mark crumpton reporting from new york. on the markets is next. have a great weekend. i will see you on monday. ♪ >> it is 56 past the hour. bloomberg television's on the markets. we have one hour until the closing bell. we are seeing stocks rally for the second straight session. health

apple has surrourounde nearly everyone in the industry that matters, including visa and masterca mastercard. these partnerships are everything. even apple didn't try and go it alone. they teamed up with with the best chip makers and merchants. paypal is their own mobile payments app to let you buy things in the store but only at participating retailers and they're having trouble getting people to participate. i think they're growth could be crimped by all of the problems in the mobile payment space. listen up, ebay. don't wait until you're backed into a corner to do something for your shareholders. by that point you may have waited too long. >> sam. >> caller: i'm a first time caller, you mentioned that american airlines is in the first place in the airline industry. now you're saying american airlines is -- even if -- american airlines is 22% below their peak. and it is trickling down, how far may it go down. >> i rerank things because companies get better and worse. i reranked them. if i didn't then i might as well not have a show. amr came down a great deal, the shards look horrible. peo

and it's emv, euro paid mast mastercard and visa. it basically is a more secure way of paying. a unique impression every single time it's used. basically like a computer espn your card and also very difficult for fraudsters to copy. u.s. has $5 billion worldwide last year alone. europe had $2.1 billion, likely because they had this chip. and our cards have the magnetic strip. >> thanks, chris. >>> number of americans collecting unemployment is at the lowest level since june of 2006. and applications for a jobless benefits fell by 8,000 last week. that's better than than what lots of economists were predicting. good news from the business corner. what do these weekly numbers tell us about tomorrow's jobs report? >> august was a huge disappointmentmedisap poin disappointme disappointment. it won't happen again. september much more normal. unemployment rate of 6.1%. but let's put it in context. if you look at the number of people underemployed, underemployed, dropped out of the labor force, that jobless rate doubles to 12%. so lots of pain still in the jobs market. people not nece

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