there is the mastercard foundation, not the company, but is a large shareholder of mastercard corporate. there is mastercard corporate, and then there is something called the mastercard center for inusive growth. talk about the center for inclusive growth. you have connectivity in your new role with that. that also plays into the conversation. >> just to take a step back. our ceo has been involved. a majorlly made commitment and we wanted to take the notion of doing well by doing good seriously. not as a tagline, but as an operational business philosophy, and we looked at all the speats -- all the assets we had and said, ok, what can we do with those assets that can have a positive societal impact? so the center for inclusive growth is our internal think tank. >> at the company. >> the company. we do thought leadership. we have economists on retaryn -- on retainer who are doing interesting studies, independent studies about what is going on in the area of inclusive growing. >> including in this space. >> very much. the board decided in february to take 20% of the benefit of the tax cut

mastercard corporate and the mastercard center for inclusive group. talk about the mastercard center for inclusive growth. you have connectivity in your new role with that, that also plays into the conversation. >> this is just to take a step back. our ceo has been involved in one of these issues, we made a major commitment to take the notion of doing well by doing good seriously. not as a tag line but as an operational business philosophy. and we looked at all the assets we had across the company and we cawe do those assets that can have a positive societal impact? so the center is our internal think tank. >> at the company. >> the company. we do thought leadership. we have economists on retainer who are doing interesting studies, independent studies, about what is going on in the area of inclusive growing. we have decided -- >> including in this space? >> very much. the board decided in february to take 20% of the benefit of the tax cut that was recently passed here and create our own philanthropy within the mastercard company, when mastercard went

there's the mastercard system that owns a large share of mastercard corporate. then there's the mastercard center for inclusive growth. lk about that. you have some connect tift in your new role with that. >> that's right. just to take a step back. this is an our where our ceo has been involved in this. we wanted to take the notion of doing well seriously, not as a tag line, but as an operational business philosophy. we looked at all the assets we had across the company. we said what can we do with that assets that can have a positive impact? it's our internal think tank. >> at the company? aveat the company. thought leadership and we have economists on retainer that are doing independent studies in the area of inclusive growth. >> including in this space. >> very much. the board decided in february to take 20% of the benefit of the tax cut that was recently passed here and create our own if i lan tlo pi within the mastercard company. when mastercard went public, the owners put 10% of the shares in a separate foundation. it's totally independent. it's now world

be the fault of mastercard or visa, maybe the chip and pin is not working. i do, no. laughter thanks forjoining us. the headlines on bbc news: the us defence secretary warns china over its deployment of missiles in disputed areas of the south china sea. president trump's summit with north korea is back on — confirmation comes after kim jong—un‘s envoy delivers a large letter to donald trump. visa says its services are now operating at full capacity — after customers across europe were left unable to make payments. and in sport...kyle edmund is out of the french open. the british number 0ne went down in 5 sets to the italian fabio fognini in the third round. he was the last british player in the main singles draw. play has started at headingley on the second day of the second test, the morning session was lost to rain. they have just lostjoe they have just lost joe root. it's nearly halftime in the challenge cup quarter—final between warrington and wigan, wolves lead 8—0. i'll be back in the next hour when we should have some england team news ahead of their

it might be visa, it might be mastercard's fold, it might be yourchip it might be mastercard's fold,in simply isn't working. the bbc has learned that an investigation into the attempted murder of norman scott is to be re—opened, as police concede they may have wrongly concluded that andrew newton, a hit man allegedly hired to kill him, was dead. scott was an ex—lover of former liberal party leader, jeremy thorpe, at a time when homosexuality was illegal. the story has been bought to life in the bbc one drama, a very english scandal, which concludes tomorrow evening. jon donnison reports. jeremy thorpe, charming, ambitious and powerful, was at the heart of one of the biggest political scandals of the 20th century. in an old bailey trial, the married liberal party leader was accused but acquitted of masterminding a plot to kill his former lover, norman scott. he was the love of my life. don't be ridiculous. a current bbc drama starring hugh grant as thorpe has renewed interest in the case. safe journey, peter, and i wish you a happy life. and then i wish norman scott to be killed. but

joe, i'll go to you. >> i own mastercard. >> related to the compascotus r. >> yes mastercard came outmod he e modestly lower on y am i concerned to get out? no, but there is significance in the ruling >> i own both and i think it is biskly basically a nonevent stay there >> let's do final trades >> so i like staying with the retailers. i think that you are likely to see more consolidation in the stores, but i also think that the scotus ruling actually plays well to the retailers. so stay long the retailer. a sector that i think will continue to work you get the benefit of the tax policy as well >> jimmy >> this one seems obvious to me. you touched on it earlier. citigroup, first round results coming out there is a lot of value in the space. i still see value in the name and i think this is an easy one to get into here >> yeah, dunk o you think after results the few days ahead we'll be -- >> i think steve earlier has a point that a lot of this is probably priced into the stock there is not going to be that much surprise. but i think two things i think there will be a small pop and agai

a close look at visa, mastercar mastercard. they've reached a settlement dating back to 2005. it was the merchants against visa, mastercard and some of the banks. merchants were saying they had to raise white fees while boosting out rewards for customers. in the end the settlement is worth six and half billion dollars in the final agreement will be drawn up and put out in mid august. in the meantime, merchants who were dealt a big loss earlier this week when they were told by the supreme court that they cannot tell you to use other cards besides american express because american express has hired. [inaudible] voice. carl? lowest price, guaranteed. just stick with badda book. badda boom. book now at choicehotels.com moments ago fireworks on capitol hill. jim jordan questioning rod rosenstein. watch this. >> why did you tell peter struck not to answer questions? why ask peter stark if he had ever communicated with glenn simpson, he gave an answer he gave dozens of times. on advice of counsel i can answer that question. >> we were

if you have mastercard cards, american express cards or cash, make sure you've got them with you.ese things happen to such a huge financial institution as visa? were the alarm bells going? absolutely. unfortunately, it's the latest incident we've had for uk banking customers, or uk customers in general. recently, tsb has had major problems. it's actually still ongoing, it's been ongoing since middle to end of april. we've seen other banks in the past few years suffer outages, sometimes a few hours, sometimes a few weeks. rbs was hit a few years ago, for example. when they say outages, it makes you wonder don't they have back—up systems? who knows? i'm sure this will come out in the wash in the next few days and weeks. both tsb and visa. it's so important technology works in this day and age. we rely on it. many people don't take cash out with them any more, it's easy to pay on your phone, contactless cards, chip and pin. it's so important that technology works. we're not in a crisis situation, but we do need these big organisations to do better. on the inside, is there an issue wi

and i visa ca rd banks, have a mastercard and i visa card —— just have cards from two different banksthe next few hours in case something happens. there is the issue of compensation because people have been losing money, going to extra expense and small businesses have lost money. visa have apologised but will that turn into cash for those who have lost money? the new prime minister of spain, pedro sanchez, has officially been sworn into office today by king felipe in madrid. the ceremony comes less than 2a hours after his predecessor, mariano rajoy, was forced out of office. gavin lee has been following events in madrid. the new spanish prime minister pedro sanchez has brought about a political first in the past 2a hours, engineering a motion of no—confidence against mariano rajoy, the man who seemed unshakeable, even a week ago. the fact he survived as the people‘s party prime minister, attempts for his resignation, people calling for it, a no—confidence motionjust a year ago, and he got enough, pedro sanchez, enough people behind him to support that motion. what happened today? a s

we have created something called the mastercard a network. issues to refugee help rollout infrastructure and refugee situations. they will get a card that altering the -- ultimately is biometric like expected -- diametrically protected. using the same common structure to load it up with cash or food or housing or vouchers for education. can be used broadly across the economy in a host country able to collect data, aggregated. what's working, what services are being used, what are not, where there might be a problem, where it might need to pop up, and in a particular area or not? to do this more efficiently, but also to improve outcomes. , wheno the concept of they are displaced, one of the most report an social programs you can have as a job. >> we've launched the smart communities coalition. here. it's mercy corps, microsoft and others. out every group in their own silo, one group for electricity, food. it's figure out if we can have a collaborative coordinated approach. we will see if we can provide a common approach, common infrastructure

i'm not saying anything about any other system, it could be visa, mastercard, american express, yourrong and we can't just rely on one payment system. let me bring you some breaking news. this is a statement from british transport police about a fatality in west bromwich in the early hours of this morning. it says officers were called to trinity way tram stop in west bromwich this morning after reports that someone had been hit by a tram. the police said they attended alongside west midlands ambulance personnel but sadly the person died at the scene. 0fficers are now investigating how the person came to be on the tram tracks at the time where apparently the fatality took place. that is at the trinity way tram stop. someone was pronounced dead at the scene just before five o'clock this morning. british transport police are trying to identify their next of kin. donald trump has announced that his summit with the north korean leader, kimjong—un, is back on — and will take place later this month in singapore. nine days ago, the president abruptly cancelled the meeting — blaming what he d

you talked about how reliant we are on third party providers like visa and mastercard.sh. this is one of the reasons, in fact, why bitcoin and crypto currencies were invented. they wanted to replicate cash for the internet. if you think of a cash transaction, i have the money in my pocket, i hand it directly to you or whoever i'm paying and that transaction, there is no middleman, so the cash transaction empowers its users. as soon as you put a middleman in there the two users are weakened because of dependence on the third—party and this is one of the reasons why bitcoin and crypto currencies were invented. and we'll find out how this story and many others are covered in tomorrow's front pages at 10:30pm and 11:30pm this evening in the papers. our guests joining me tonight are broadcasterjohn stapleton and kate proctor, political correspondent of the london evening standard. america says it will not discuss removing thousands of us troops from the korean peninsula at its summit with north korea. the meeting — which has been confirmed as taking place in singapore onjune

i'm not saying anything about any other system, it could be visa, mastercard, american express, youry on one payment system. we have to be prepared. five people have now died in an e.coli outbreak in the us. a total of 197 cases across 35 states have been reported in the largest us outbreak since 2006. the contaminated food is believed to be romaine lettuce, but an investigation is still ongoing as to its source. joining me is andrew skinner, fellow of the society of food hygiene and technology. thank you for being with us. i was about to say this lunchtime which it will be for some people, but it may not be the happiest subject to be talking about but it is an important one. what do we know about the origins of this particular outbreak? at the moment the investigation has been going on for around two months. asi been going on for around two months. as i understand there are still a lot of uncertainties about the sources and causes of it. we can come back to that in a moment. let's not forget, this is a very nasty bacteria. whilst there are lots of different types of e. coli, this pa

i'm not saying anything about any other system, it could be visa, mastercard, american express, your and we can't just rely on one payment system. we have to be prepared. paul lewis there. donald trump has announced that his summit with the north korean leader, kimjong—un, is back on — and will take place later this month in singapore. nine days ago, the president abruptly cancelled the meeting — blaming what he described as the "open hostility" displayed by pyongyang. but yesterday diplomatic relations seemed to improve after a letter from the north korean leader was delivered to the white house. speaking after meeting the north korean delegation, president trump said he was now optimistic about the summit. i think it's going to be ultimately a successful process, we'll see. remember what i said, we will see what we will see but i think it's going to be a process that we deserve to have. i mean, we really deserve. they want it, we think it's important, and i think we would be making a big mistake if we didn't have it. i think we're going to be having a relationship and it will start

you talked about how reliant we are on third party providers like visa and mastercard. reasons in fact why bitcoin and all of crypto currencies we re bitcoin and all of crypto currencies were invented. they wanted to replicate cache for the internet. if you think of a cash transaction, i have the money in my pocket, i hand it directly to you or whoever i'm paying and that transaction, there is no middleman so the cash transaction empowers its users. as soon transaction empowers its users. as soon as you transaction empowers its users. as soon as you put a middleman in there the two users are weakened because of dependence on the third—party and fsa this is one of the reason why bitcoin and crypto currencies were invented. they were invented to take out their parties from transactions, transactions direct from me to you over the internet. that is really interesting because many people will not know very much about bitcoin and other crypto currencies. may well. do you think this is maybe likely to spark more interest? it will spark a little bit of interest. to be honest,

i'm not saying anything about any other system, it could be visa, mastercard, american express, youruld go wrong and we can't just rely bank. anything could go wrong and we can'tjust rely on one payment system. things we can do to protect ourselves but i guess we now have questions to ask the bank of england about supervision. yes, they do supervised directly, they've not been able to say anything more to me except they are going to get to the bottom of this with the firm. money box today? we'll be looking at this like smart meters and energy meters in your home, are they going to hit their target? there is a large question mark in that question. there's a bit of doubt in your eye. wait for the programme! if you're staying with us, it's on the bbc website after broadcast. donald trump has announced that his summit with the north korean leader, kim jong—un, is back on and will take place later this month in singapore. nine days ago, the president abruptly cancelled the meeting, blaming what he described as the "open hostility" displayed by pyongyang. but yesterday diplomatic relations

we don't take be so or mastercard. visa or mastercard. so no, we will not do that. you have to uhere. of course there is no visa or mastercard at the time. they set the minimum price at $1.35 per acre which is pretty high at the time. that is a lot of money in 1827. it will be very difficult for a lot of small farmers to purchase this. if you are poor and don't have any property, this is out of the question. there is no limit on the amount of land and individual could -- an individual could purchase. so you see there in one hand, we are limiting speculation, but on the other hand we allow it. like so many pieces of legislation, this is about compromise. you can see all of the elements of this debate and conflict, and they are trying to resolve that within theontextf statutes likes but you still see all of the competing parties and interests at play here. so the next act, and the title of this should alert you to what it is about, the purchases of public lands and suppression of fraudulent practices. this is 1829. we just laid out for the orderly transmission of thes

my question today is mastercard and visa, i know you have both of those in the bullpen.have been up this year, mastercard is 34% and visa up 19%. do you think these are still a buy? >> they are not done going hire. listen to me, i hate to throw darts at anything, but aj bonga is unbelievable. kelly at visa. these are, bonga and tellkelly two of the best ceos who won't come on this show and it is starting to get to me -- i have no problem with that now the stock is too high and take a little offer the table with canada goose. i am going to talk to the profit himself and see if there is a turn on the horizon or maybe there was nothing wrong to begin with and millennials love it, with your portfolio, you will be surprised to know how much they really mean to the whole story and then your calls, rapid fire, stick with cramer. ♪ with expedia you could book a flight, hotel, car and activity all in one place. ♪ with a $500,000 life insurance policy. how much do you think it cost him? $100 a month? $75? $50? actually,duncan got his $500,000 for under $28 a month. less than a dol

iq mastercard, teledock twitter. am i diversified >> oh boy.i have to tell you i'm just going make a sweeping generalization that there is way too much beta. you got a lot of stocks that are going to fluctuate up and down i understand this is not as blue chip a portfolio as i like to see. iq being typical this is an asian company it's been shot out of the cannon i'm getting nervous about it teledock i like the technology mastercard doing a fantastic job there. twitter we threw it out the other day but that is okay in this portfolio because it is not going to conflict. and canopy growth. we had them on the pot stocks are light we've got pot. what else am i going to call it? we've got a chinese stock. we've got medical technology we've got financial technology and we've got a social media company. and i'm going to bless this, as long as you understand that this is a lot of high risk in a portfolio. let's go to bob in my home state of new jersey. >> thank you for taking my call, jim. >> of course >> caller: am i diversified? i've got boeing. apple

a story f weirst reported last night as gears up to host baseballs major league all-star game, mastercard is picking up theor tab late night service for metro. extra trains will be in services and sta will stay open past midnight to get fans home from the events at nats park. etro selling limited edition tr >> comcast had internet and tv service affected. identified two separate fiber cuts to network. seco comcast out age in a couple weeks. >> firsthand account of what >> people were too caught up in trying to go safety to realize, ok, this is the man that we have a prior history with. >> how one man says henc knew somethininnati # stir was happening. back aer the break.flu at havertys we know everyone has different tastes. and this independence day... ...we're making it easy to find your style nd at havertys inence day sale. when you spend more, you save more up to $1000. how much you save is up to you! withstyles and custom fabrics to choose from. ur celebrate yondependence with furniture that fits you. havertys. life looks good . >>> as people travel for the fourth of july holiday a lo

visa and mastercard are closing in on a settlement for a 13 year lawsuit.berg has learned that both card companies will pay merchants about $6.5 billion under the terms of the settlement. the lawsuit was filed on behalf of 12 million merchants nationwide. if federal court rejected a $5.7 billion settlement back in 2016. and that is your business flash update. and we have been bringing you this programming note that ray dalio will be on bloomberg television at the top of the hour, 2:00 p.m. eastern new york time. it is a live interview with our own erik schatzker at the ideas festival. and just a reminder, bloomberg users can interact with the chart you have seen on gtd go. go.te you have been watching bloomberg. ♪ ♪ it is 2:00 p.m. in new york, and 7:00 p.m. in london. julia chatterley. julie: and julie hyman denver scarlet fu. welcome to "bloomberg markets." ♪ julia: we are live and bloomberg world headquarters in new york over the next hour. here are the top stories we are covering on the bloomberg and around the world. great dalio takes a step back from

. >> reporter: a lobbying group that includes dozens of major ceos from walmart to mastercard and boeing demanding the trump administration put an end to its policy, while a group of more than 600 united methodist clergy and members are accusing attorney general jeff sessions, also a methodist, of child abuse and discrimination. for his part, sessions raised eyebrows overnight when asked about comparisons of the zero tolerance policy to nazi germany. >> well, it's a real exaggeration, of course. in nazi germany, they were keeping the jews from leaving the country. >> reporter: now as for the president's meeting with lawmakers tonight, two sources inside the room tell nbc news the president says he's spoke with his daughter ivanka about the images of children on the border and they've discussed how disturbing those images are. lester? >> kristen welker, thank you. >>> this evening there is violent weather firing up across the west. a tornado caught along with heavy rain and hail the size of golf balls near denver. meanwhile, another severe storm hitting the midwest overnight, triggering f

american express shares jumped and in new york while visa and mastercard fell.k in investments to the u.k. is being warned as the final brexit deal does not ensure the free flow of goods eu. the the german automaker says about ongoing uncertainty over negotiations is not helpful, and customs arrangements remain a concern. bmw's comments echoed those of airbus as the brexit deadline those early next year -- looms early next year. instagram could be. worth more than $100 billion as , standalone company as seen in data compiled by intelligence. the photo sharing platform reached one billion monthly active users early this month, and could account for about 16% of facebook's revenues over the next year. is website of tv network hbo down in china after a committee and, criticized president xi jinping on his show, "last week tonight with john oliver." he criticized him for censoring online dissent about tim including running references to winnie the pooh. hbo.com sues to have been blocked, but hbo programming license to tencent has not been blocked. anna: that treasur

have a visa card and a mastercard and some cash, if you have the credit worthiness and resources to dossages from viewers saying they don't use cash any more and they don't have cash any more and they don't have cash on them but yesterday they had to rethink how they reorganised their wallet! and cash machines were running dry because everybody was taking their weekend money out. thank you very much for the advice. you're watching breakfast from bbc news. the weather looks pretty good, tell us the weather looks pretty good, tell us it is going to last. there is a poisoned challis! lovely out there for some, this was west sussex, a bit grade in other parts of the country and there is some rain and nasty thunderstorm in the forecast today. looking at the details, already some rain this morning, mainly because of this cloud which had storms in northern germany and belgium and the netherlands yesterday, producing rain in east anglia and the east midlands and parts of yorkshire. it is this zone from shropshire where there was some minor flooding, up towards cheshire and across merseyside th

then catch baseball's biggest stars at theheth ml 8b all-ar game presented by mastercard, coverage begins at 7:30 p.m. easter >> tom: i gss he's the new guy out there. looked le he had one of those defensive charts ickhis back po. never seen an infielder carry con one of those. >> aaron: i haven't either. h>> tom: you see it the outfielders, you're so far removed from the dugout. your attention so you can refer to your card, if they defend players. he had one to play third base.o >> aaron: right field, j.d. martinez, making the catch easily, to end the inning. we go t the bottom of the ninth inning. red sox down to the final three outs. hi. i t st wanted to tell youchevy won a j.d. power dependability award for its midsize car - the chevy malibu. i forgot. chevy also won a j.for its light-duty truckward - the chevy silverado. oh, and since the chevy equinox and traver also won - chevy is the only brand to earn the j.d. power dependability award across cars, trucks and suvs - three years in a row. phew. third time's the charm... ♪ doour next spokesperson?ose him he's so boring. hm. sounds

major companies are doing the same for brands like mastercard, state farm, and/or owe.he problem is that the blood supply doesn't always meet the demand. 38% of the u.s population is eligible to donate blood, but only 3%r knows firsthand why donations are veit vital. her son has sickle cell disease. he needs blood, and a lot of it. >> i have to come back every three weeks to get blood transfusions. >> reporter: those blood transfusns thr weeks help jenson avoid the excruciating pain associated with sickle cell. >> without that, he would be in the hospital. he would have pain. the blood transfusions have kept him out of the hospital. >> reporter: this photo shows the massive amount of blood that's removed from jenson with each transfusion, nine to ten bags like these are necessary to replace it. just one patient among thousands nationwide who need le-saving help from blood donations. erika eds, >> really c campaign now. hopefully we'll see the difference come out of it. >> that'hauld have done. instead of burgers it should have been blood. >> that b right there. >>> stil

using mastercard, worked fine. it is confined to visa. it has been widespread, but it is patchy.working fine with visa. i heard from some people across europe that it is not working, some people that it is. we have just spoken to visa. they have nothing new to add, which means their investigation is still ongoing. pretty embarrassing. seems to be some kind of technicalfault affecting some of their systems if not all. thank you. some newsjust in and north korean officials have arrived at the white house to hand deliver a letter to president trump from the north korean leader kim jong—un. it is the first time north korean officials have visited the white house. mr trump earlier cancelled a summit between the two leaders planned for next week, but this latest move by north korea has revived hopes that it might yet go ahead. spain's prime minister mariano rajoy has been forced to resign after losing a vote of no confidence in parliament. he is the first prime minister in modern spanish history to be defeated in a no—confidence motion. it follows a long—running corruption scandal invo

and i think mastercard is great, and visa is great. american express is good and i think that gpn, global payments all good. if you want to buy more, ts fine i'm not against it tim in new york. >> caller: how are you doing today? >> just a fine daydon't know, it night, i think i have to have chicken. already thinking about what i am going to eat. >> caller: it is about balance. >> it is about portion control. >> caller: thank you for helping me develop proper discipline. >> i got people saying nice things about me whicwill make me feel a lot better when i go home tonight >> calr: with the russell rebalancing coming up on friday and the following friday, is is an investable event or an event we should avoid. >> i have made a study of exactly what you are talking about and the answer is, this it is unknowable, and if anwoman tells you it is knowable, that guy can pound sand he or she is making it up. we buy high quality companies and we own them and we keep them there. headlines don't determine stock prices earnings do. 30% more glorious

they are mastercard visa, and american express after all, it is the second largest sector these managerslly want to own the bank stocks anymore. the others though, they are about obviating the banks all together and my favorite is paypal. not only because it is the mobile bank but also the millennial social bank we often call paypal a payment processing play and it is almost an online banking company that cooperates with everybody and has gone global in a terrific platform they at one point years ago, citi seems to be taking on the mantel of the company. bank of america pales in condition to pay pal square has come on strong as a tech leader. then there are the potentially existential threats that i mentioned. and cryptocurrency which are the populous insurgence to the block chain movement as i see it, they are the true reasons for the group's under performance and until the banks regain momentum, their stocks are not going to get their groove back. stick with cramer. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only p

you can see that shares of fees and mastercard are falling interaction to the announcement.egative for them, the dichotomy in the push-pull of the acceptance vs. having the lower-discount rate. vonnie: taylor riggs with the stock of the hour. best performer in the s&p right now. spreads between debbie g.i. and brent crude narrow -- wti and brent crude narrowing. productionsing could impact to this. let's get to scott bauer, our guest for "futures in focus." great to have you from cme. this opec deal that we finally got on the weekend -- how are the traders taking it? scott: it was definitely a bit of a surprise. everyone expected some change to happen, but this is much less than what was expected. wrapping production backup only one million barrels is less than the market expected. that is why we are seeing almost a knee-jerk reaction to the upside. looking at this as a big surprise, quite frankly, this is a fantastic opportunity to get short wti. up,ie: this is a big move the spread between debbie g.i. -- between wti and brent. you say go short wti. are there other trades y

marketplace for the dominant entrenched players >> i think they're nice addition to the marketplace visa, mastercardnd the like, in context of china, china pay, in context of india, they're all cheap, transparent and those things are hard to displace. further fragmentation of the base people will use different types of payment services. that's good for global payments. the more choice that we can provide to the her xhant, particularly the mall and mid size business, the better it is for everybody. the fragmentation of business is good for merchants and for consumers. >> are incorporating blockchain at all into your technology we speak to a lot of people and talk about how blockchain, to remove some of the inefficiencies when it comes to payments and invoicing, plenty of inefficiencies in the market, how are you thinking about blockchain technology as global payments >> in 2014, global payments we actually enabled bitcoin as a payment type for our customers, we were one of the early adopters of block chain technology we had relatively low demand for what we do in the context of bitcoin because to be

and for american express promoting competition and innovation in the payment industry visa and mastercardsly settled antitrust claims and no longer have these roles in the agreements with merchants and american express's language stayed in tact we feel advocates including the national retail federation and national retail center said it's a loss for consumers facing stifled competition, kelly, and rising fees. over to you. >> i thought this, kate, was interesting, just the fact -- so they -- if i'm a customer in an amex locatio the propry ter y c use this card, you don't pay as much >> that's right. amex charges higher fees, and according to the decision, a merchant cannot direct you to a card charging them a lower fee or incentivizing them saying us your visa for 10% off. >> surprising, kate, thank you do you think that's -- it almost to me, i know we're not talking about the same thing, necessarily, but restriction on free speech. you should say, hey, we made the agreement with the company, but, you know, you should know and we should be able to tell you, you can save yourself money. >>

i have been out shopping, bought my dinner, tried to pay with visa, it failed, work with mastercard andtion of when or any work has been done to clear up the problem. we had the first statement from visa at 4pm saying they were working hard at 4pm saying they were working hard at it and will be back in touch with them. there was one report from a small business organisation saying they had been told it was over and a p pa re ntly they had been told it was over and apparently it is not over. people are still facing problems and nothing yet from visa on this quite embarrassing situation. the systems are not working. that is an awful lot of payments. thank you very much. the misery for train passengers continues. hundreds of trains have been cancelled or delayed on northern trains today, affecting tens of thousands of passengers in the north of england. trains on govia thameslink in the south have also been badly disrupted. the rmt union is calling for the transport secretary chris grayling to quit after what it describes as days of carnage. 0ur correspondent sima kotecha reports late or c

major league baseball has teamed up with mastercard to make this shappen.ff on july 13th. >>> d.c. united -- audi fie will host its first home game. it will also be a chance to see the newest signing in action. england soccer star wayne rooney just joined the team and dave johnson wasehere as arrived at dulles international yesterday. >> thsz ais isig signing and a big moment. >> what did wayne say to you? >> i asked him, i said i thought suitcases.have more he had 10. i thought he had 20. he's pretty excited to be here. >> excitement about that and about a new stadium. >> it's going to be a huge club. every mls team has that one big guy and he's going to be ours. new player, new stadium. i think we can only go up. >> i know he's going to bring a lot of goals. he scod world class goals in europe and i know he can do it here. >> sort of a weird w dayn wayne rooney is showing up to play for your team? >> yeah. it's crazy. we're getting our newum stadi and now wayne rooney. orwe've waited a long time and it's all worth it. >> you've always been a man united fa

major league baseball has teamed up with mastercard to make this all happen.ek kicks off july >>> it's the same view of the potomac that george washington had more than 200 years ago. aroup in virginia says a new factory could ruin it. now, they're fighting to preserve the fiktu tupicturesque please keep your shoes on! stop messing with your sister! hey! hey! don't make me come back there! so? feels really good.... yeah, i'm gonna y it. (vo) customer service that goes the extra mile. enterprise makes it easy. i like tand i like theseng award-winnincheddar puffs. first place. both events? boo-yah. we're an awards family. you'll like them both, but love our price. award-winning organic cheddar puffs, from aldi. mply smarter shopping. >>> if you've ever been to the mt vernon estate, you know it offers visitors a piece of vstory and aw of the potomac beloved by our founding father. the view could change. those pcharged with preserving mt. vernon say a gas plant may be built across the river. at is at stake? >> reporter: this family among the 1 million tourists who

wells fargo, i wouldn't get paid enough on the upside versus citi which i own and also visa and mastercard look, there seems to be like this rule that you have to own banks. >> everybody loves banks >> yeah. every strategist we trot on here on krchlgt ncnbc financials arec to be. >> i can't wait, here's why -- because right now, they're way too cheap, number one. number two, if i had another place to put my money, i would put i'm sitting with cash so i'm waiting for others to come down and we'll talk stock that i bought a lot of this morning and you know, there's this -- remember those old civil war movies where you lined up like there was one line and there was -- and then another line behind that, right? >> jim, welcome. >> see, jim doesn't like the financials because of the sub -- >> all of these people keep lining up and keep getting shot. one line goes down another line of financial buyers comes in and they get shot. i'm holding it, as i said no further place for the money. they are cheap and they will rally at one point. that's the gap because i think i can make more money elsewhere.

. >> i own mastercard and visa as consumer plays >> so let's add another voice to the conversation edargeni is with us. welcome back >> thank you very much >> you heard some of the conversation here. >> i agree with everybody, by the way. >> you're a good way to start out. >> you have to come back >> what's going on with this swoon? >> just a little swoon i have never recalled or read about a president that has been this bullish and bearish at the same time. as a result we're seeing the zig zagging market where earnings are fabulous market wants to go up an earnings but gets held back by the president's protectionism. we have to wait until that sorts out. >> not necsarily zag take to you the market is coming to the conclusion that a lot of that is dealmaking and noise when you look at the tariffs, they're not a big deal if it keeps going like this, it won't be good for the market i think increasing the market will focus on the signal rather than the noise >> i read somewhere for every percentage point thaort rates go up, it is something on the order of 500 billion in additional intere

i used points for my jetblue jet black platinum silver bronze copper mastercard. [ laughter ] it's madeerry. >> jimmy: oh. [ laughter ] >> h c lhere it's named kitty purry. get it? i do. no big deal. [ laughter ] >> jimmy: i used to have a cat, but then i got into by hedgehogre iegal to have as pets, but it's totally worth it. i nahier. he's verified on instagram. bella thorne follows him. no big deal. [ laughter ] >> actually, i deleted my instagram last year. opsays tt you have to be more present. we were doing a super soul sunday podcast and we were lying on a hammock under a a willow tree and she looked at me and whispered, "you have something in your teeth." [ laughter ] it was a chia seed. no big deal. [ light laughter ] >> jimmy: anyway, it's time for our first segment called "but, whatever." [ cheers and applause ] ♪ >>immy: cassandra. >> i have so many weddings to it's an open bar in a castle. e hay and meghan markle, but wh. [ laughter ] >> jimmy: that's so rando. [ laughter ] becai stot my 23andme results back and it turns out i'm 280th in line for the throne. [ laughter i al

beyond amazon, there's also mastercard, alsoifieser, also msci these are platform network companies. if there's one risk, basically, investors start to overvalue these things that everybody tells themselves these are long-term can't miss growth companies the market can get too expensive, but i don't think it's really a narrow wobbly index or market right now. look, i also think with all this good stuff going on, if the s&p stays stuck and can't get above these levels of 2750, you to ask is it time for reset or are we still in the range? >> and mike, ts. we appreciate it very much good article, as always. >>> let's stay with tech i don't know about where this says we are in the cycle, but you have some new etfs >> yes >> that plays into the tech conversation, correct? >> we're talking about tech, talking about growth, discorruption of e-commerce. i asked, about nine months ago, where are all the other companies in the world doing exactly e same thing we know, for example, uber did not control global ride sharing. must be happening in all kinds of global growth around internet, in e-co

can be used anywhere mastercard is accepted. it's paired with venmo come is backed by paypal.use it at businesses that do not accept mobile payments. >>> think think of asking for a raise --g of asking for a raise? there's a good time and a bad time to ask. >> always awkward. matt keller has information that might help you. >> reporter: is there a best time to ask for a promotion? the stars of "shark tank" say the ideal time to ask for a raise is when the atmosphere is happy. is there a day of the week when you should definitely not ask your boss for a promotion? rebecca jarvis talked about it on "good morning america." what's the morning not to ask for a promotion? >> you do not want to ask on a friday. the reason is that boss is ready to get out and enjoy the weekend. you want their full attention. plant the seeds along the way. invite them to a nice coffee sometime in the middle of the week. and start asking. >> reporter: abc7 news. >>> amazon priep membeme member see more discounts when shopping at whole foods markets starting wednesday. prime members will see 10% off hund

i own mastercard already thankfully it's a huge winner, but if i would buy square or paypal, i feel like braintree, which is basically enabling all the commerce going on the instagram, facebook, when you hit the shopping cart powered by traintree. venmo, not necessarily a profit center but a huge, huge monster growth story in terms of usage all of that is under the paypal umbrella and i want to be exposed to that if i were to buy one of the two. >> plus a great balance sheet. plus a buy-back, plus m&a they just did. >> more established, i agree. >> yeah, i totally agree i think square is amazing. who doesn't appreciate when you see it being used for your own purposes and the data gathering and what they're getting in terms of the client aspect is so enormous, but i think they are all doing it so it's your comfort level of what evaluation you want to pay. >> let's hit another one, snap price target goes from 9 to 10 they maintain or underperform? >> since the ipo, since the ipo, before they came, when they came in with their ipo and we all looked at it and were like, deceleration is never

my friend who was part of mastercard will be delighted to hear that. thank you very much.ight into markets. if you are a bloomberg user, you can interact with all of the charts that we bring to you. you can catch up on the analysis and save the charts for future reference. anna: coming up, as china's trade battle with the united states worsens, we will discuss whether the countries policymakers are more willing to temper the currency's decline. joins us david bloom at 8:00 a.m. london time. this is bloomberg. ♪ manus: it is 6:46 in london. 1:46 a.m. in downtown new york. midtown new york. everybody corrects me on that. s&p futures are unsure of how to the latest signs from washington. what the curve and for -- invert? anna: let's talk about emerging markets. bear markets are spreading across the emerging world. they cite a rollover in global growth outside of the united states as well as ongoing trade tensions. the ceo at ccla is still with us. i have this chart talking about dangerous markets in emerging markets. too simplistic to say money leaves emerging markets and goe

, there really is and i think when you look at the incumbents here -- we spoke to isg and bb&a, mastercard -- they're really putting an emphasis not just in investing in start-ups, but also trying to build a lot of this stuff inhouse and partner with the key players in the space i was also speaking to sebastian off camera and there seems to be a real shift in mentality in the european fintech scene here, a lot more confidence as well with these ipos and acquisitions as well. >> thank you i'm glad you said that because 2018 feels different to me, too. stay tuned we'll be right back. we're going to talk about the ecb finding itself in the crosshairs of italy's new 'lbeig bk tent wel rhtacafr this to his whole room smelling like sweaty odors. yup, he's gone noseblind. he thinks it smells fine, but his mom smells this... luckily for all your hard-to-wash fabrics... ...there's febreze fabric refresher. febreze doesn't just mask, it eliminates odors you've... ...gone noseblind to. and try febreze unstopables for fabric. with up to twice the fresh scent power, you'll want to try it... ...again an

shares jumped while visa and mastercard fell.he website of hbo is down in china after comedian john oliver xi, callingresident him out for amassing political power and censoring dissent including running references to winnie the pooh. authorities have blocked hbo.com but hbo programming licensed to tencent has not been affected. including running references to winnie the pooh. guy: bmw is warning it will pull back investment in the u.k., if a brexit deal cannot be reached. it joins a chorus of businesses speaking out. airbus warned a scenario would be catastrophic. to u.k.ntial hit investment. good morning and welcome to the program. manufacturing is talking about the idea that it is going to be severely affected if we get a no deal brexit. guest: it has to because today in the u.k., we look after the savings pensions and investments as 70% of british households. europe's leading asset management center. not only will there be a great british asset that we look after more assets here than france, germany, and switzerland. brexit

this will not happen again on this scale that yes, it seems to make sense to have a visa, amex, mastercardappen again but if you are concerned, potentially spread the risk by getting a number of different cards in your wallet. all banking under your mattress. it's interesting because visa are saying, we should stress if you have woken up we should stress if you have woken up and wondering if you can spend money, visa say they are back to capacity. you do wonder what would have happened if this went on to many more hours or if it happened at the beginning of the day and we had a whole day and night of it what would have happened. think indeed for now and hopefully we don't have to talk about this again with you in the future. i would love to do with the future. i would love to do with the financial cost has been to the country and all of us and i'm sure we will find out in coming days. do get in touch and let us know, if you are waiting in line and needed to get petrol or to be or a train or anything like that, you couldn't pay anything like that, you couldn't pay a hotel bill, let us know

. >> i own mastercard and visa as well the latter two i'll keep >> pete, you own financials. >> i'll continue to hold on to these. >> why you trade in and out of stocks you're in stocks for like a minute >> some stocks i just like to hold for longer term something like a bank of america or citi, and we bring this up all the time, but from the valuation perspective, i think sooner or later they're going to, it seems to be latsure, buth up in terms of the multiple ofw and we look at some of the names and i still think those names have more upside and that's whwant to be >> we want to get to josh lipston in san francisco with a news alert >> breaking news here on lyft. dow jones is reporting that lyft has raised new capital that in fact doubles its valuation from last year to now billion, specifically lyft raising $600 million in a row led by fidelity as well as the capital g unit of alphabet, we remr that carl icahn, also an investor here more money for lyft as it does battle with its bigger rival uber, which remember, is valued at around $62 billion. back to you. >> josh, thank you jo

. >> mastercard, lon and adding. >> aller again >> massco. >> pete? paypal it's going higher, scott end of story >> thanks to everybody "power lunch" starts now. >> i'm melissa lee president trump says he is going to sign an executive order to stop families from being separated at the border. >>> disney raising its bid the over $70 billion for fox's assets on thing comcast's bid. >>> general electric getting booted from the dow after more than a century could this be good news for ge's shareholders "power lunch" starts