joining us for more post 9 mastercard mastercard's chief payments officer. for you. >> another great deal. >> with 80% of the world's smartphones, how does the android system stack up to what we have on the table from apple? >> it gives consumers choice. as you all know something is passion for people which smartphone they have. what it is and how they use it. this means regardless of the handset you have you can have a great payment experience using the mastercards you already have. >> are they the same? >> it's very different applications as you would expect from two different companies. for whichever handset you have you get access to secure payments. >> i understand with apple pay, that apple will get a cut of the transaction fees with google and android, that's not immediately obvious. as being part of the chain, if i use android is it going to take the data like it does with gmail, where i am what i'm paying and sell that to advertisers? is this a different concern for me as a user? >> it's not a concern for you at all and that was very important for u

whlg coming up next an interview with the ceo of mastercard.ting to protect consumer data and apple and square are impacting his business. fifa the most powerful soccer organization embroiled in a massive bribery and corruption scandal. how big this case is and what it means for the most popular sport coming up. and we'll head back to the code conference for an exclusive interview with airbnb founder and ceo brian chess ski. we're back in two. working 24/7 on mobile trader, rated #1 trading app in the app store. it lets you trade stocks options, futures... even advanced orders. and it offers more charts than a lot of the other competitors do in desktop. you work so late. i guess you don't see your family very much? i see them all the time. did you finish your derivative pricing model, honey? for all the confidence you need. td ameritrade. you got this. >>> cnbc is live at the chicago forum on global cities one of the topics focuses on the way global cities are driving today's global economy. joining us to talk about that and more in an exclusiv

that is it the bank or the visa, mastercard, or discover paying for that? >> the answer' complicated, but the simple version -- >> what i'm looking for. >> the consumer is made whole and issuing bank makes them whole. however, there's a secondary process managed and run by contract between the payment networks and various players in the payment system that gets resolved through a -- shall we say, contract process between visa mastercard, the issuer, which people take issue with how that all works froimtm time to time, but that's sorted out after the fact. >> oh okay. anyone else? >> i would add to that, yes. it's the merchant who ultimately pays for fraud in the wake of a data breach, should that occurred at a retailer, and they pay a variety of fees, three total, first one on every interaction, the component is a prepayment of fraud or prepayment of the breach, should one occur and then post breach there's the fee associated with reissuing the cards and -- >> right where the banks pay the $15 whatever it is, to pay and send me a new card. >> but the mother

does the bank that issued my mastercard or, if it's not that, is it the bank, or it is the visa or mastercard or discovery paying for that? >> congressman garret the answer is a little complicated but the oversimply fied version -- >> that's what i'm looking for. >> the consumer is made whole. the issuing bank makes them whole. there's a secondary process managed and run by contract between the payment networks and various networks that gets resolve ed resolved through merchant ak kwiers, the issuer, which people take issue with how that all works from time to time, but that is how it gets sorted out after the fact. >> i would just add to that, yes. the merchant ultimately pays for fraud in the wake of a data breach, should it have occurred at a retailer. they also pay a variety of fees. if first one on every fee ever processed. the component is a prepayment of fraud, prepayment of a data breach, and then post breach there's a fee associated with reissuing the cards. >> and that's why the banks have to pay the 15 bucks or whatever it is to send me a new card. >> the merchant repays the fees -

does the bank that issued my -- well, my mastercard or if daze not that, is it the bank, or is it the visa or mastercard or discover that's paying for that. >> the oversimplified versions. >> the consumer is made whole. and the issuing bank is the one that makes them whole. however, there's a secondary process managed and run by contract between the payment networks and various players in the payment system that gets resolved through a -- should we say contractual process between visa mastercard retailers the issuer which people take issue with how that works from time to time, that's how it gets sorted out after the fact. >> does anyone else want to give an over view. >> i would add to that. it's the merchant ultimately pays for fraud in the wake of a data breach should the data breach have occurred at a retailer, they pay a variety of fees, there's three real fees they pay total. the first one on every transaction ever processed, a component of it is prepayment of fraud should one occur. and then post breach, there's a fee associated with issuing the cards and -- >> so that's where

it's nowhere near the growth rates of mastercard or visa or paypal.is cheap 14 timings earnings versus the historic growth rate. american express is poorly run relying on cost cuts and partnerships. what is that debacle? a company went hand and hand and we didn't know about until the deal was lost. that's unfathomable to me. they proved nothing except american express has been left behind. what about expedia. why didn't it buy price line or trip advisor? it was a stick holder but told the steak when s&p bought the company. you think management will come in and catch up? unlikely. then there is coca-cola which i find in intriguing because of the calls and terrible run, not here, not yet in the steak in keurig green mountain. might hit it out of the park with cold drink machine and the peak in the dollar versus emerging market currencies which are the only one that matters. i do worry like american express, coca-cola is an old brand with serious health conquincescon consequences attached. ibm needs to go from being a hardware business with software and

or mastercard or discover that pays for that? >> it's complicate bud the oversimplified version -- >> that's what i'm looking for. the oversimplified version. >> the consumer is made whole. and the issuing bank is the one that makes them whole. however, there's a secondary process managed and run by contract between the payment networks and various players in the payment system that gets resolved through a -- should we say contractual process between visa, mastercard, retailers, the issuer which people take issue with how that works from time to time, that's how it gets sorted out after the fact. >> does anyone else want to give an overview. >> i would add to that. it's the merchant ultimately pays for fraud in the wake of a data breach, should the data breach have occurred at a retailer, they pay a variety of fees, there's three real fees they pay total. the first one on every transaction ever processed, an interchange fee. a component of it is prepayment of fraud or prepayment of a data breach should one ever occur. and post-br

or mastercard or discover that's paying for that?> congressman garrett, the answer's a little complicated, but the oversimplified version -- >> that's what i'm looking for -- [laughter] >> the consumer is made whole. >> right. >> and the issuing bank is the one who makes them whole. however, there's a secondary process managed and run by contract between the payment networks and various players in the payment system that gets resolved through a shall we say, contractual process between visa mastercard, retailers merchant acquirerrers issuer with people take issue with how that works from time to time but that's how it gets sorted out after the fact. >> oh. okay. does anyone else want to add -- >> i would just add to that. obviously, the merchant ultimately pays for fraud in the wake of a data breach should the data breach have occurred at a retailer. they also pay a variety of fees total, the first one they pay on every transaction ever processed, the it's an interchange fee. a component of it is a prepayment of fraud or data breach

it's mastercard. it's been stagnant. i've listened to what you have been saying.haritable trust owns it. thank you for the kind words. look he just completely delivers. he knocked the ball out of the park. a.j., come on this show. mastercard. uniquely fabulous. let's go to dino in connecticut. >> caller: booyah jim. thank you for taking my call. my question is nokia. >> i didn't like the quarter. that quarter was just not that good. wasn't as bad as some of the social media but not that good. we'll take tom in california. >> caller: booyah. >> wow. refreshing. >> caller: from studio city here in california. >> what's up? >> caller: i'm looking for memp. memorial partners. >> i'm throwing a red flag. that has the highest dividend of any company i know. that means the dividend is at risk. i'm saying no. let's go to josh in pennsylvania, josh. >> caller: booyah professor cramer. a big congratulations to your lovely new wife and for all you do at home. >> she looks good in that people magazine piece. >> caller: i'm intrigued by black stone group llp. >> you should be.

. >>> a 19 million-dollar settlement called off why target and mastercard are heading back to the drawing board after the massive security breach. for david murphy, rick williams and the entire "action news" team i'm sarah bloomquist enjoy the rest of the memorial day day. >> throw a burger on the grill for us. >>> raise your tongs and start your grills for the "ultimate bbq cookout countdown." these crabs are ruining my sweater. as we hit the road in search of america's best barbecue. >> there's nothing i've ever had as good as this. from a supersized tailgate on the world's tastiest speedway, to the smoked, slathered, and sauced world series of barbecue, >> oh, yes. the perfect new england beachfront bash. >> it's lobster time. an all-american celebration of burgers and heroes -- >> look at all these hungry people. come on. come eat. >> plus, we're even saddling up -- for a wild west chicken fried steak showdown. >> this really is my first rodeo. >> yee-haw! >> but which is america's number 1 cookout? >> it is not just food. it is a way of life. >> let's get this countdown started. ♪

why target and mastercard are headed back to the drawing board nearly 18 months after a massive datamedia star is back. he's using his viral video fame for a good cause. we'll explain coming up in big talker. flush >> to business now, the markets are closed today in observance of memorial day. they'll reopen for a full trading day tomorrow morning. >>> in other business news, this afternoon a $19 million settlement between target and mastercard after a massive data boo etch in 2013 is off. the deal didn't get enough support from the affected banks and credit unions. >>> those if this institutions said the settlement would have to only cover a fraction of their losses. >>> blackberry says it's about to lay off some of its employees but it won't say how many. the job cuts will affect people who make hardware software and applications. blackberry has been struggling to tap into the smartphone market hurting profits. executives say cuts are necessary to get back on the plus side financially. brian and sharrie. >> alicia thank you. much more to come in our next half hour of "action news"

. >> and mastercard both ending well high. and next week, one to the upside and down side, we'll name names. and a special look at why a stock could catch fire. and are we heading for another internet meltdown. and one charter you have to see today. all of that coming up on "fast." over 20 million kids everyday in our country lack access to healthy food. for the first time american kids are slated to live a shorter life span than their parents. it's a problem that we can turn around and change. revolution foods is a company we started to provide access to healthy, affordable, kid-inspired, chef-crafted food. we looked at what are the aspects of food that will help set up kids for success? making sure foods are made with high quality ingredients and prepared fresh everyday. our collaboration with citi has helped us really accelerate the expansion of our business in terms of how many communities we can serve. working with citi has also helped to fuel our innovation process and the speed at which we can bring new products into th

well, october, 2015, is the fast approaching deadline for visa and mastercard to adopt e.m.v.echnology otherwise known and chip and pin for retailers across the u.s. what are the potential road blocks? we have more from new york. i jutcht got -- i just got new credit cards and they had chip-and-pin technology embedded. it seems the shift is happening. >> i guess we can go shopping then. >> we can. let's do it. will >> maybe come back next week. this is a fascinating change going on here particularly in him america right now. the vice chairman of risk and public policy joins me right now to talk about this. ellen, i think that people don't realize how big a deal this is. where all of the merchants in the u.s. now have, how does this work? they'll have liability if they don't accept this chip-and-pin technology at their sales locations? ellen: well, they are in the process right now of rolling out those chip terminals. if you look around you you'll see the little slot where you put your chip card in about one-third of the terminals in the market today. not all of them are activa

not as good as mastercard. don't get mad at me but mastercard had a better quarter. >> slightly larger purchase volume. >> these two companies are led by great guys who i think are friends. >> friends. >> we'll talk more about visa and get to expedia and vf corp and a lot more as we head into the first trading session of may. speaking of expedia, we'll talk to the ceo later on. one of the winners. >> he's smart. >> we'll talk about what's working for that travel website and a look at the premarket. the nasdaq dow and s&p hang on to gains from april. more "squawk on the street" in a moment. when a moment spontaneously turns romantic why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about a

a proposed $19 million settlement between mastercard and target over the retailer's 2013 data breach fell through today. this is not enough banks accepted that deal that would have paid the banks to cover fraud-related losses. both stocks were off just a fraction. target closed at 79.29, masterca ended 92.69. and ink reported a moderate rise in sales as strong performance at its loft stores made up for sluggish returns from its namesake chain. still struggling with weak traffic and competition. shares were off slightly to 46.97. >> campbell's soup reported earnings that topped estimates. the company also said full year sales going to be at the lower end offest malts but earnings at the upper end. go figure. shares top 2% at 47.91. foot locker says its last quarter was the most profitable in its history. all topping consensus despite that shares were off a fraction to 63.46. today a court ruled that activists cannot pull its top selling alzheimer's drug from the market in favor of a more expensive extended release version. lawyers for the drug maker say it would suffer $200 million in

i like everything i hear about mastercard. home depot doing well. the cfo talking about how may was very strong. people worried about the progression. how is may doing? urban out fitter said may is better. maybe there is a hope here. urban is down six. if may is strong that would be a very good sign for the u.s. although immediately, i have to talk about san francisco versus atlanta feds are going to duke it out. the fed heads are all going to talk about how they are going strong and may retail sales being strong. maybe we'll be saved by the close with worldwide currency. >> the san francisco fed wants to double seasonably adjust q-1, which they say is a much better number than the number we got. >> stick to baseball. >> we need the philly's fed fanatic. >> get that stripe on the right hand corner. >> panera. >> there is too much couplelove for panera. got to be careful. the last few numbers were that the that good. jack in the box reported a great number and that stock got hit. red robin is doing very well. and the shack is unstoppable. shackmeiste

we will start with european , a complaint against mastercard.learned this with credit cards. the way credit card companies agree on charges is anti-competitive, they have warned. alibaba rejected claims it makes it easier to have counterfeit goods -- counterfeit goods. a similar complaint last chair .as withdrawn deflategate has apparently taken the air out of value. -- polling found out plunged, the new england patriots cornerback is just 3027 in an appeal. , brady had right earliest seventh after being named the most valuable player in the super bowl. it income bys made brady in 2014. those are your latest top stories. general motors is now putting its foot on the gas pedal. the automaker just unveiled its most powerful car yet, the 2015 camero and matt miller got a chance to take a spin in the new wheels. is the all-new sixth generation chevy camaro. >> this car is far superior than any coronary arena. matt: only one other car really matters. they want to beat the mustang. >> i do not have any doubt. >> i think we will and that is the goal. >

under the patriot fact banks can share e-mail but they cannot pull it if you could do the visa or mastercard you will see massive schemes that could be stopped by baying said a relatively low cost because you'll see you open-ended account at this stage gore this city and they set up the money-laundering network program so sharing that data would not only to medically to do cost but improve effectiveness the still not be obliged there were just share with these other so for that to be divulged any more than it is but the economy of scale does help to stop things from occurring and also brings down cost but they could be in a position to have classified data dash u.s. government we need to consider providing that we did to airlines and shipping lines if we have a container of weapons we will say there is you have to inspect it they're doing business with drug traffickers or hezbollah? we don't need to publicly approach these issues. >> that debate is going on. >> is a healthy debate but i am thinking of will lead to any more -- than is already if anything it may be much more effective. >> tryi

european regulators come planning and -- preparing and antitrust complaint versus mastercard.ave warned the way credit card companies agree on the charges is anti-competitive. alibaba rejecting claims it makes it easy to sell counterfeit luxury goods, despite a lawsuit by the parent company of gucci. complaint was pulled last year after alibaba agreed to fight sales of freight brandon luxury goods. you agree to sell his company after a few months of -- as ceo. -- kraft agreed to be bought by another food company. heinz. heill will get the payout if is fired without cause in two years or if you least because of a salary cut or reduction and his duties. many people plan on supplementing their retirement funds by working way past the age of 65. this plan may not be as sound as it seems. we break down the expectations and the unfortunate truth of working through retirement. americans want to work well beyond the age of 65 if their bodies and employers allow. a survey shows a be boomer is expecting 17% of their retirement funding to calm from postretirement income. that number jump

october 20 15 is the fast approaching deadline for visa and mastercard to adopt emv technology otherwisenown as chip and pin across the u.s.. but what are the potential roadblocks? cory johnson has more. i just got some new credit cards and they had chip and pin technology embedded so it seems the shift is happening. cory: so i guess we can go shopping? maybe when i come back next week. this is a fascinating change going on in america. the visa risked public chairman is with me. i think people don't realize how big of a deal this is that all merchants in the u.s. will now have liability if they do not accept this chip and pin technology at the point-of-sale? >> they are in the process right now of rolling out those terminals. if you look around, you will see a little slot where you can put your card in about one third of the terminals in the marketplace today. not all of them are activated when you can start looking for them today. merchants will be in a position to offer a secure payment experience to their cardholders. cory: why has this taken so long in the u.s.? one of our colleagues

the number of stocks hitting new all time highs in this big rally, mastercard trading at an all timesince may of 2006 broad com not seen since january 2011. vulcan and martin marietta. not seeing this level since july of 07. rubber at levels not seen since may of 08 and black and decker at all time highs since the completed merger of stanley works and black and decker at march of 2010. to the bond reporter rick? >> hi, tyler. if you look at a 24-hour chart, you get a certain view. that obviously rates one down whether it was the number or combination of factors. when you pair it up you get a different look. especially when you notice that we hit 2.30 almost 2.31 briefly. at the end of the day, we are unchanged. yes, unchanged on the week. we settle at 2.11 last week. a lot of zigging and zagging, but unchanged. hirt-year bond yields are elevated where twos and fives are lower. a minor bit of steepening going on. if we look from mid-february you get a look at what technicians were dealing with. we settle in march and the day before yesterday. the big numbers are behind us. we should s

mastercard. you look at american airlines. you'll see some strength in regards to the us consumer. and you're seeing it, takeovers, m&a activity is still very strong. and ipos are very strong. it's consumer based sentiment. pushing higher. >> todd, what has your eyes moving as we go into the final hour of trading? >> honestly, today's job report was overlooked. this week we had high grade dead issuance. we had what was happening in germany leading the charge-in higher. the market is telling you, there's no chance of a federate hike. fed rate hike. the market is not buying it. we're looking at a .3 feds rate. (?) where the fed is looking at .62. we're miles apart from where the fed wants to be and the market says we will be. it's up to 2016. throw in an election year. all bets off the table. >> we've had this discussion so many times. in particular the fact that you have an economy. you have a market. the two do not seem to be insink. but that doesn't change. (?) look at the rallying we have right now. here we go again. potentially pushing new highs on the market. >> i agree. and i

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people who want to go down there can now use their mastercard. >> does this point to a large of courage from the u.s. congress, specifically republicans. the president gave them 45 days to make the same argument you're making and they didn't do a thing. >> i don't know why they didn't. i know there were 35 cosponsors to the bill. i think it had a lot to do with their concern that no matter what they did they couldn't change it because this really is in the president's court. he gets to have a pretty big decision on this. i think they're going to push harder on other things and keep the ball from rolling forward on any other changes but i would have expected them to do more here and i think they just decided they couldn't win. >> any responsibility that these issues of humans rights, things that the president brings up here at the end. again, the united states did announce that it's normalizing relations only a step towards that. is it possible that he calls president castro and said we can get this deal done tomorrow as long as you give me what i'm looking for in terms of human rights?

to plan your one more day, contact mastercard concierge services or download the app.ndreas" which opens in 3-d in theaters on may 29th. ladies and gentlemen, please welcome carla gugino! [ cheers and applause ] ♪ ♪ wow, wow, wow. welcome, welcome. >> what a special night to be here. >> jimmy: i mean, come on. >> i feel so lucky. [ cheers and applause ] >> jimmy: we do too. you look gorgeous. thank you for coming on the show. i appreciate it. >> so happy to be here. >> jimmy: last time you were on the show, we talked about different guest spots of tv shows you did when you were younger. >> you mean when i began. >> jimmy: yes. >> yes. >> jimmy: "alf" was one of them. >> yes. >> jimmy: which i was very happy about. "webster," "who's the boss," but then you left out a show that i can't believe you left out. you were zack morris' girlfriend. >> it's true. [ audience oohs ] "saved by the bell." >> jimmy: this is "saved by the bell" man. >> well i mean, you were -- you were back at bayside recently. >> jimmy: i was. actually, yeah. >> you actually traveled back in time. >>

to be the most popular gift that moms want and they're fairly flexible whether it be a visa or mastercardt card store gift card or one for a service. >> mom or the guest can actually choose what type of services they want and they can make it as luxurious as they need to. >> reporter: but not all gifts are good ideas. >> unless she's indicated a need for it i would avoid anything in the fitness category because moms can tend to find that a bit offensive. you don't want to hurt their feelings on mother's day. >> reporter: so stick with the classics and make your mom happy this mother's day. chris clackum, nbc news. >>> police say a virginia man stole $150,000 from a bank. >> but he says he's innocent because of manners. >> reporter: charles county's first homicide of the year. one teen stabs another. is it a case of murder? or self-defense? i'm pat collins. the story coming up. >>> a virginia man admits he went into a bank asked a teller for $150,000 and walked out. he even knew the police would be coming to get him. it happened earlier this week in virginia beach. as our affiliate tells u

limited negotiation is what you're telling me in order for retail -- retailer wants to accept a mastercard, they accept the terms and negotiations without negotiation? >> it's not a negotiation. you sign the contract presented to you. >> okay. mr. oxman, one of the things we talked about, and you talked about well and in depth, is the electronic mastercard/visa chip. for some time, this has been in practice in the european markets, has it not? >> it has. >> and just recently, you know, had it not been for i guess an executive order, we would not be pursuing it as fast as we are in the united states. >> the reason it's deployed is the following. in europe, they don't have the ability that we have here to authorize a translation online. when you swipe your card at the point of sale what happens is that transaction is transmitted through a payment network to the card issuer for a yes or no answer. when the receipt is spit out 1.4 seconds later with the yes answer, it's because the transaction was authorized and approved online. in europe, they don't have the infrastructure to do that. ed card

retailer wants to accept the mastercard, they accept all of the terms and contracts without a negotiation. >> you sign the contract presented to you. >> one of the things that you talked about very well is the electronic mastercard/visa chip. for some time this has been in practice in the european markets, has it not? >> it has. >> just recently, had it not been for executive order, we would not be pursuing it as fast as we are in the united states. what has been the reason for the delay of the implementation of the chip technology here? >> the reason the chip technology is being deployed today in the united states and it's been deployed already in europe is the following. in europe they don't have the ability that we have here to authorize a transaction online. when you swipe your card at the point-of-sale, what happens is that transaction is transmitted through the payment worker for a yes or no answer. when the receipt is spit out 1.4 seconds later with a yes answer it's because that transaction was authorized and improved online. in europe they don't have the infrastructure to do that

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. >> this looks similar to a product that mastercard has been using in digital magazines.magazine, and you can directly click. they're trying to beef up the ad prices that advertisers are willing to pay. people normally purchase more. >> but it's also the fact that google is going to host the pages and process the payment for the other retailers, which puts everybody on much more of a level playing field to fight the incumbents. which is amazon and ebay. >>> no plans for the long holiday weekend? break out scrabble. new words have been added, lolz, facetime, blech, emoji. >> the show is over, thank you, simon, so much for joining us. >> enjoyed the scrabble. >> over to the halftime report and scott wopner. >> let's meet the starting lineup for today, steve weiss, josh brown, dan greenhouse and steve liesman. our game plan looks like this, summer sizzle stock. the only name over the past ten years that's been up between memorial and labor day every year. you'll never guess what it is. >>> the big hunt, latest and greatest trends in great outdoors, from "new york times" best

we got a hint of that from mastercard was talked about revenue being down because of gas prices down. we would have thought they'd make it up somewhere else. that's not happening i've h of credit card balances going down. looking at macy's i like a lot. kors, i feel like they're down. we know that the weather was terrible, that the port strike was expensive. and didn't allow goods to flow through as they should have. so gross margin for macy's looked better than it would have. all that being said, macy's is not the kind of guys -- girls and guys that the cfo -- not in the business of overpromising and underdelivering. if they stick with their guidance i believe they're comfortable with their guidance. normally i don't like to hear the back half will make it up. but in this case, this management team, i believe it, they had some excess costs in there. i still like macy's. but it's a big position for me. >> you're worried? >> i'm worried. because one, we have seen consumers save. that's typical after the type of downturn we had in 2008 where it's a deleveraging type of event. that occur

look at least in mastercard's latest priceless ad. >> paid vacation days. >> you guys agree to traveldo better in school. >> we'll have a better understanding -- >> i'll learn -- >> not asking for much just one more day. >> one more day! "time's" latest story investigates who killed summer vacation and looks at ways to save it. sam, when i think about mandatory vacation i think about france and perhaps a certain lack of shall we say ambition. yet you found there's several european countries with productivity measures that exceed ours and they are taking vacation left and right. what's wrong with us? >> we're doing it all wrong. sitting with four people working on a friday afternoon before memorial day, you know about the death of the american vacation. >> not just working, sam, working hard. >> this is not working hard. >> if you look at what's happening, five days people left that they didn't use vacation days. we forfeit a week of time we used to have of. you think in europe of people not working that hard but economies like norway and switzerland, they are more productive than our

some official in beijing made the decision that visa and mastercard could come into china. those stocks were the number one traded by the new york stock exchange. they exploded. there was one forth of humanity out there and we have got to get to know them a little better. the book is a rock 'n roll history and i hope and think that you'll be surprised surprised by many of the things in there as i was. now i'm very happy to take any questions that you might have. [inaudible] >> the question is what year did you go to china? >> i went to china the first time in 2002. i went to school in japan in 1974 and i was able to go all around china to many asian countries but i had never been in china until then. >> mr. bradley in today's "wall street journal" there's a very interesting article about how the chinese are seriously concerned about additional nuclear warheads in north vietnam. do you believe that is a genuine expression of their concern or is it a ruse to turn it attention away from them? >> there are nuclear warheads in north vietnam -- well there is no north vietnam. oh

when we talk to the visas, mastercards and the american express, we're not seeing the spend-through thathought. given the lower gasoline prices and rising wages. >> why do you think it is? >> it's a theory that says it's the lag effect. we don't believe it's going to last. if it does last a couple more months, we'll start seeing that. clearly we love to see an earned income tax credit. so people that are working get even more money from the government, as opposed to the those that don't want to work or don't have a job and are not looking. i would rather encourage those that are successful as part of the american philosophy and methodology and success pattern. so scott i think it will happen. >> let me get you on the record on something else. >> again? >> yeah, again. >> you don't think everything was on the record? >> it was. i want your reaction to something interesting. so you've american express, you have bank of new york. i have it as your third biggest holding. we've talked about the financials already. ed garden from tryon is on the board, mercado, nick mcguire want the ceo to tak

mastercard visa, adidas nike, coke pepsi, all of the brands are paranoid about letting the oppositionvent delivers so much. it is a damaged sport at the moment. stephanie: thank you for joining us to her the u.s. justice department will hold a news conference on these charges at 10:30 a.m. eastern. you can hear it right here on bloomberg television. eric, a failed the election on friday and seth blatter stays in his seat, give me a break. erik: julie hyman has breaking news out of mcdonald's. julie: monthly same-store sales paired from mcdonald six -- perspective, perhaps driven by the scrutiny it has come under recently and it struggled with the concept, particularly in the united a spirit all of that said, mcdonald's is far from alone in doing this. most of the retailing restaurant industry has stopped reporting monthly same-store sales. one of the big ones that jumps to my mind is gap here besides that, many companies have stopped doing this and i do not want to be scrutinized on a monthly basis. they say there is solved to death volatility in those numbers. they will only report q

. >> reporter: tim murphy is general counsel for mastercard which recently allowed service with americangoing to take a little bit of time for the kind of large-scale tourism that you're talking about to open up because so much infrastructure still needs to be built and developed. >> reporter: that including more better financial service, better roads, and most of all a lot more places to stay. with only 60,000 rooms on the island already occupied by other foreign turists, many are renting space in their own home. until then the country remains ripe for cruise lines which hosts several floating hotels. >> the cruise lines will go in first more than likely. >> they have some of that now, but right now until the law is changed they can't go. if you're on a cruise ship i think it's safe to say your primary purpose is tourism. >> that's right. despite last month's handshake between president obama and cuban president raul castro and then brokernd by none other than the pope it's still illegal to be a tourist. >> it's never been illegal to travel to cuba but illegal to spend money. >> reporte

you would get taxed on it or it what they want to do is funnel more purchases through visa and mastercard systems because that way you cannot avoid paying areas they have backed away from that idea of really putting the tax on atm withdrawals. i know you always deal in cash mark, but if you were to go to greece you can take out 1000 euros without worrying about your atm fees. mark: relief. we will see later. caroline: the irish government has agreed to sell its 25% stake in aer lingus. the selloff comes as a mixture of cash and stocks. the listening and writing for this announcement for a long time. you are about to fly to dublin, give us a sense of why now the government has given us. >> it definitely has been weeks in the making with a lot of back-and-forth. you have to remember that island is going to have an election next year. the thing that seems to have pushed the deal over the line seems to be this question of conductivity. so i e.g. has offered the irish government some guarantees between heathrow and dublin and some other cities and ireland so that seems to have been the sticky

. >> reporter: tim murphy is general counsel for mastercard.be built and developed. >> that includes better financial services roads and a lot more places to stay. with many of cuban residents are renting space in their own homes. until more can be involved the country remains ripe for the cruise lines and they've quietly chartered 11 viable harbors. >> the cruise lines will go in first more than likely. >> well, they have some of that now but right now until the law is changed, they can't go. they can't go because if you're on a cruise ship i think it's safe to say your primary purpose is tourism. >> that's right. despite last month's handshake between president obama and cuban president raul castro and a deal broker then blessed by none other than the pope being a traditional tourist in cuba is still illegal for americans. >> it's never technically been illegal to travel in cuba it's just illegal to spend money in cuba. as soon as you arrive you pay some kind of airport fee or something else and so you've violated the ban. like the minnesota

spin off acquires, the shares are under value and thinks that ebay is under owned by stocks like mastercardr the past 12 months or so. yahoo downgrading to the price target going down to 55. the stock not feeling too much. remember the questions about yahoo's ability to spin off. the analysts saying there is risk and upside to the stock, but it's not as much as before when it was thought they could spin off. >> how many analysts seem to know what yahoo is worth when you remove that stake. we will find out. generally we do an under the radar name. we have to show it again. the sock is up 4.5%. the talk about them acquiring companies. whatever. i want to give a shout out. he came out and this was ahead of the broad com headlines and said they noticed unusual activity in nvidia before the headlines. that smells like somebody might have known something. >> somebody was fishing around or it seems like it. nice gain. session highs for n vidia stock. >> it's everybody else's radar. when you speak, america listens. >> i like to think so. top states back on cnbc. we are kicking it off after the brea

mastercard getting an upgrade and raiseing it from overweight to sector weight. they are in a benefit in europe. starbucks announcing a partnership with spotify. the deal will allow the program members access to spotify music. sinking despite the first rise in almost three years. vodafone predicting growth after seven straight years. the stock is down by 3.5%. stolen paintings and a leading art dealer and russian billionaire. a picasso heir. all the ingredients for a major feud. it sounds juicy. >> the plot is thickening. two paintings allegedly stolen have turned up in the possession of a russian billionaire. the stepdaughter accused the art dealer of stealing two portraits of her mother. she thought olivier was storing the paintings for her, but they were sold. now, the dealer olivier was detained and released by french investigators and he is cooperating with authorities. the paintings have turned up in dmitry's collection. he bought them in 2013 from a long time business partner of that other dealer thomas olivier. she was engaged in a public battle who sold

i constantly loose mastercard and visa card because they try to use my account. really -- feds up with it quite frankly. stop using them. now are you telling me that google pay will get around that problem? >> yes so android pay and apple pay will both get around that problem. for one, they don't actually have a static card number if you will. it is a -- it is a pointer or a token to your card number. so they're not actually stealing your card number leak the plastic card so when it is stolen, it is discarded a new one is issued. >> that works. >> so by the way there's a new card number every time you tap. >> i like the sound of this. i shall give it a shot. of the deal sorry so short. we got the point. four years all using these things appreciate it. thanks very much. >> thanks for having me on. in the middle of a massive bribery scandal fifa announce world soccer authority is holding election for for president. but current guy is set bladder he's expected to keep that position. brian kilmeade fox and friends host is here. all right, always welcome to you brian