paypal already accounts for almost half of e-bay's revenue. e-bay shares were up 2.5%, closing at a new 52 week high. discover saw a 3.8% pop, also hitting a new 52 week high. the deal gives discover the potential to generate revenue for paypal by using its payment network. there was a more traditional buyout offer in the health care real estate business, focused on senior living properties. health care reit has offered to buy sunrise senior living. the price is $845 million, or $14.50 per share. sunrise senior living stock jumped almost 60%, closing just below the offer price. this is a four year high. the proposed buyer, health care reit fell 2.7%, falling to a two month low. susie reported the hewlett packard quarterly earnings a moment ago, the regular session saw dell shares see heavy selling. dell reported disappointing results last night, and a disappointing outlook. the stock fell 5.4%. volume was four times average. the stock closed less than one dollar away from a multi-year low. several analysts cut their price target for dell in li

. >>> paypal has signed a deal with the discover network to allow you to pay with paypal any store that takes discover. instead of swiping the card, you'll be able to use that same credit card machine to type in your mobile phone number and a special pin and pay at the mall that way. you can already do this at home depot and a couple of other chain stores, but today's announcement widens paypal's reach to any store on the netwo network. the company says it should be in place by the end of the year. paypal's parent company, ebay, is up about 4% on the news. back to you. >> okay, scott. thanks. >>> an ex-apple employee is suing that company over the guaranty of a, quote, job for life. wayne goodrich says he was a close adviser to apple co-founder steve jobs who he says told him he would always have a job at that company. goodrich says he was fired in december for what apple said was, quote, business reasons, not connected to his performance. goodrich was the exec froif deucer of apple's public presentations including new products releases. he said he played a key role in coordinating majo

with his paypal proceeds he proceeded to found tesla motor cars and solar cities companies now at thee of renewable energy. and he created spacex, a sprawling rocket design complex not far from l.a.x. in the most recent "ironman" movie, the lab served as the backdrop for billionaire tony stark's company, which is kind of appropriate. you're tony stark? >> in some respects, a bit like tony stark. >> reporter: do you fight crime in the off hours? >> not yet. >> reporter: no comment on that. musk even has one of the ireman costumes, a gift from the director. >> don't you want it to be that thing where it actually occurs and isn't always fiction? >> reporter: absolutely. luke at movies like "2001" and say what happened? >> exactly. >> reporter: he wants to do what governments do. >> we choose to go to the moon and do other things not because they are easy, but because they are hard. >> reporter: musk must have been born after jfk was long gone, but he was inspired by jfk's vision. the idea of not only traveling to mars but colonizing mars, but isn't that a cool idea, but to you, it's a re

paypal is expanding its big and mortar stores. next year, merchants will take discover cards will be able to process paypal payments. that adds 7 million more stores to the service. it's been parked in israel -- >> welcome back. no more hail to the redskins for running back clinton portis. he will officially announce his retirement from the nfl this afternoon at redskins park. >> the second leading rusher in team history number 27 on the all-time list for the nfl. he issued a letter wednesday thanking his family, teammates coaches, and fans for their support over the years and for allowing him to grow from a boy into a man in a city that he will forever love, he says. at 8:00 tonight you can show your support for the redskins ahead of saturday's's big game against colts. a pirelli will take place at the newseum -- a pep rally. >> the nationals wednesday night did not sweep the braves./ >> tim brant has a recap of what happened last night. >> hello again. it was another great scene. the braves did not want to go quietly. let's pick

>> paypal has slightly different roles.al you can logon, you can pay your friends or logon and pay a business. with stripe, we care about building infrastructure for businesses and their needs. the huge advantages that come with that, like we care about giving businesses complete branding control. it's about taking formerly a structural advantage for the very largest companies, you know, if you're a walmart or amazon you have this phenomenal payment experience and giving that to everyone. >> i know you do not see yourself as a competitor to square which we talked a lot about this week given their new deal with starbucks. but i wonder if you think the online payment space and the point of purchase payment space are going to converge? can someone do it both? or do you have to be one or the other? >> it's interesting. i think it's mostly a question of focus. square is a phenomenal product. and what they're really doing that's so revolutionary is taking actions that previously would have happened with cash and moving them to ca

. >>> discover financial services got a boost from its new partnership with paypal. next year, more than 7 million discover card merchants will process paypal payments. >>> regulators here and across the pond have okayed facebook's acquisition of the on-line photo sharing site instagram and qantas has canceled orders for 35 boeing dreamliners after posting its first loss in two decades. >>> finally, how much does it cost to print out a few pieces of paper? well, if you are flying ryan air, apparently it costs about 75 bucks. a lesson one traveler recently learned the hard way when she was charged $370 for boarding passes for her family of five. ouch. >>> the mariners sail, the white sox sweep and another doping debacle in major league baseball. plus, it is hats off for a nifty catch by one met fan. nice. your first look at sports is straight ahead. you're watching "first look" on msnbc. introducing share everything. unlimited talk. unlimited text. tap into a single pool of shareable data and add up to 10 different devices, including smartphones and tablets. the first

discover financial tie-in with ebay makes paypal the winner.ry big. >> paypal the engine of this company. >> yes. >> bvh. >> a downgrade by deutsche bank. i wouldn't take profits in this one. >> piper jaffrey recommends buying amazon. >> amazon is a stock to watch because google has fallen a little, apple can still be the leader. >> kayak. >> kayak i think it is a little expensive. >> costco? >> i don't know. we like costco but haven't they always been reluctant to jack prices up for people? >> absolutely. tiffany. goldman says it will report a negative number. >> adrian shapiro saying listen, it's going to be bad next week and you want to buy it. i think it's a brilliant call. >> more on those names. we'll see what's coming up tonight. >> we have iff. i've never -- this is a company i wish they had done tv earlier. he's a remarkable man. they had a major turn-around. also we're selecting our quarterback for our fantasy along with our tight end, kicker and defense. carl, it will not be an eagle, but i might wear an eagle jersey because i had a

paypal payments if they take discover cards. >>> and why wait to send home pictures? an israeli theme park outfitted the donkeys so they can share the experience with their friends in realtime. those are your techbytes, i'm rob nelson. sweetie, you have to scrub it first. no you don't, honey. yes, you do! don't! i've washed a few cupcake tins in my day... oh, so you're a tin expert now. is that... whoa nelly! hi, kitchen counselor here. he's actually right... with cascade complete. see cascade complete pacs work like thousands of micro-scrubbing brushes to help power away tough foods even in corners and edges. so, i was right, right? i've gotta run. more households use cascade dishwashing detergent than any other brand. >>> thanks for staying with us, you may be quote the famous speeches, now 44 years after his death a long lost interview with martin luther king jr. has surfaced. the audio recording was reportedly found in an attic in chattanooga, tennessee. hidden until now. the date? december 21st, 1960. the civil rights leader talked about topics ranging from nonvi

paypal can be used in stores. you go to a store, over # million -- 7 million merchants for the year 2013 will be signed up for this. wherever you can pay with discover, you will be able to pay with paypal. that is a really big deal. industry insiders are calling it a milestone for the industry, that you will be able to do this. and so both of these stocks are hitting new 52 week highs. earlier you may remember we were talking about american eagle outfitters, such a great winner in the retail realm, well how about express? it turns out express is really not doing too well. it is geared toward 20 and 30-year-old women, you know, give or take really they are not doing very well and had to cut their forecast again for the second time. and the stock is down 10% right now. back to you. dagen: nicole, thank you very much. despite high food prices, one environmental advocacy group says americans waste as much as 40% of their food. according to a new report from the natural resources defense council, the amount of uneaten

paypal has been going through a reorganization under the new president of paypal, trying to get productmplified from nine different product organizations, down to fewer finances, also have been going through some simple -- that's not, i'm told, any kind of precursor to any kind of spin-off any time soon. back to you. >> all right. thank you very much. heading towards the close, 25 minutes to go. dow holding steady. down about 50 points at this hour. >> stocks may be up for the summer as a whole. s&p 500 is about where it was five years ago. that's depressing but we will push forward. >> that's the truth. >> have retail investors lost their faith in the market? what will it take to restore that confidence? >> does paul ryan really hate old people? >> mitt romney and paul ryan, their party is looking to protect the wealthiest of the wealthy in our country. >> he's going to help the wealthiest americans on the back of the middle class. >> we love campaigns. after the bell, our truth squad gives you the bottom line on the latest of ad wars about entitlements. >> first before we go to break

. >> paypal announced a deal with discover in early 2013.l users are going to be able to use a special card to buy or sell things. >> got a pop here for third. up 3%? >> big move here. got approval from the reserve for their capital plan. now they might be able to pay a dividend. >> closed right near its 100 day. >> drop here for nasdaq going next. mike? >> it just seems like more and more bad news for trading venues. basically talks about when you can hit a down tick on an unspecified number of trades and that's hitting the stock today. >> a pop here for government auks. have you ever dreamed of owning your own prison? if so you are in luck. hitting the auction block in early september. but the state is not looking to. >> rich: you blind. the property will be a real steal. >> some people would argue that that is how they feel when they get home. they own it. >> is that the way you feel? >> who would those people be? >> i am just pointing that out. >> this is an insanely interesting chart. i wouldn't catch this yet. not to be an accident. >>

. >> >> rose: paypal, was he paypal. >> he started paypal and he now does space x which is privatizingpaceships. >> rose: and developing a whole car company. >> tesla. he really thinks out of the box, now whether he will get there on my of these promises ultimately i don't know but when you think of somebody who is really thinking i mean far out ahead, he to me is doing some pretty interesting things. one will note by the waiing we talked about all of this money, this $117 billion, this was sort of speculative because you can't really spend all of it. because so much of, about two-thirds of it are abroad and that is a huge issue, just -- >> rose: to bring it back you have to pay a lot of tax. >> that's a huge issue that is facing apple, it is an issue facing corporations across the world, but -- across cash. >> rose: so look forget a tax holiday. >> they are all look forget a tax holiday so one day they can bring it back and make acquisitions like this, right now if you actually make this list and really consider that, you might have to start buying companies in china. or elsewhere or

starting next year merchants who take discover cards will be able to process paypal payments. why wait to send home pictures, israeli theme park outfitted donkeys with wireless routers. >>> commuters listen up, your clipper card will no longer be free. it is going to cost you money to make up for people who are cheating the system. starting settlement 1st the transportation commission will -- starting september 1st the transportation commission will charge $3 to buy a clipper card. a lot of users are being inexpensive fares and taking lone trips leaving their card with a negative balance that never gets paid. last month more than 10,000 trips ended with a negative balance. >>> 400,000 young undocumented immigrants in california could be eligible for drivers license. a bill allows students in the president's defer action program to apply for a license. >> i'm getting calls from people trying to get here and get citizenship legally they are saying what about us? why are people being moved to the front of the line and getting benefits that we are trying to get? >> we told these y

and we're seeing a lot of competitors getting into a paypal of course is a big name, intuit has been doing it for a while. starbucks wants to work with square is a very big deal. they lead other retailers to do the same thing. i would imagine in the next year or two that if people want to pay simply by using their phones, that option will be available to them, alina. >> you won't need pennies or dollars anymore. dan simon, thanks so much. >>> 800,000 people forced to leave their homes as flood waters rip through the philippines. we are going to take you on the ground there next. in here, every powerful collaboration is backed by an equally powerful and secure cloud. that cloud is in the network, so it can deliver all the power of the network itself. bringing people together to develop the best ideas -- and providing the apps and computing power to make new ideas real. it's the cloud from at&t. with new ways to work together, business works better. ♪ four course seafood feast, just $14.99 start with soup salad and cheddar bay biscuits then choose one of 7 entrees plus dessert! four co

paypal and things that enable people to do more.what ir what is the problem and how at is do we solve it?hed steve jobs and touch to such accord when he died becausely se people since he was driven by dreams doing things thatingsa allped him but to enrich the lives and of people aroundd. >> yworld of government could not do that. i >> host: did governments for most concerned list withma its own one bureaucratic ter wo interest. >> one historian of serve tonavy something with the british navy. however the agency running the navy increased in size.rgant he can up with the organization's expand with t the amount of work they have wi nothing to do widthshe midsize.go their main thing is theirng is n own bureaucratic interestn natuo for human nature to expandwhy te why they are created to become self word interest and in returning but if you have a complement to that does that you cease to exist. >> host: if you are the president is it zero-based budgeting? >> more than that but the environment for entreprenuership to flourish. talking about degrading the value of the dollar butist it coer

it's been as high as $120, one of several companies found by former paypal executive.another company with the roots in paypal is yelp. its stock sky-rocketed after the lock-up ended. early investors were able to sell shares in the company for the first time. and i know what you're thinking, wait, facebook stock crashed on its first day of lockup. what makes yelp different? it would appear insiders -- short sellers, the people who bet that the stock's going to fall, they bought and bought shares to cover their positions and yelp jumped 23% yesterday. while yelp was in the black the rest of the market rather beige. kayla tausche joins us. good morning. >> good morning, scott. in the markets stock futures are lower after mild gains wednesday, markets started pushing higher just before the release of the feds report which found the economy is expanding in different regions of the country. analysts say that probably means while the economy is growing it's not recovering well enough to stop the fed from launching a round of stimulus programs. the dow rising 4 points to 13,10

now on the plus side, linked in and yelp founded by pap paypal. >>> three major forces are teaming up to create a mobile payment company so you can use your phone to pay at those stores. there are already mobile payment solutions. google has one, paypal, apple reportedly working on one, but apparently target, walmart and 7-eleven don't want to hand over the power to any of those companies. >>> futures coming for a call for a mild open. women's gymnastics team getting ready to close, they're practices, bang the gavel three times, you want to bang it? one time, i'll hand it to you. now, funny thing on twitter, people reacting to sunday's close ceremony where the announcer pointed out the olympics are a tradition dating back 3,000 years. take a look. a young woman named emily writes 3,000 years ago? i didn't think anyone was alive back then. shauna says i'm sure this man on the sells said they started 3,000 years ago. it's only 2012, how how would that possibly work? jamie thinking along the same lines. duh. there's your faith in humanity. >> wow, wow, classic. >> the dinosaur olympics,

san jose-based paypal has a new deal of its own with discovery. discover is in 7 million locations where you'll soon be able to swipe your paypal card or buy merchandise entering a terminal. the stock price moved higher on today's news. >>> car maker tesla motors will open a stand alone service center here in the bay area in san rafael. the new west location will be open by the end of the year. this comes on the same year that tesla said it's made it's 100th model s sedan. >> sleek looking cars. thank you, scott. >>> still ahead, cramming affects your cranium. how studying for the l-sat can physically change your brain. >>> the book that's offering a unique perspective on the death of osama bin laden. >>> a new study finds it's much harder for americans to maintain their middle class lifestyle. i'm marianne favro. i'll talk with experts about how to stretch your dollar. >>> private companies and private planes. the new report following an nbc bay area investigation involving an unusual deal between high tech execs and move it field. stay with us.

first up, paypal partnering with discover to expand its brick-and-mortar payment service to more than million stores nationwide. retailers accepting discover cards will be able to process paypal payments beginning next year. >>> google rolling out google play gift cards. they will be able to use the cards to purchase, apps, movies, and ebooks from the google play store. >>> amazon launched a kindle and ebook store in india. it will offer more than a million ebooks. >>> tropical storm isaac is gaining momentum as it approaches land, threatening to soon become a hurricane. schools and offices in the caribbean were closed today as people were urged to stay at home. >>> nfl jacksonville jaguars are looking for fans in england. announcing plans to play one home game in london for each of the next four seasons. they will play at wembley stadium next year. the stadium has hosted one nfl game a year for the past five years. that is today's speed read. [buzzer] >> david said jaguar. that is how the british say it.not the jacksonville jaguars. maybe the pittsburgh steelers from the locker room

paypal trying to bring that tech nlg as you see it in to home depot and other locations and looks like those companies trying to band together and get the data to offer deals, things like that. google trying to get in the space and ap wl the passbook trying to get in there, too, tyler. >> thank you very much, julia, as well. >>> when we come back, we'll analyze the analyst. calls on tap include agnico-eagle minds. barnes & noble and mcdonald's. first some big wednesday movers. people with a machine. what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. you want to save money on car insurance? no problem. you want to save money on rv insurance? no problem. you want to save money on motorcycle insurance? no problem. you want to find a place to park all these things? fuggedaboud it. this is new york. hey little guy, wake up! aw, come off it mate! geico. saving people money on more than just car insurance. >>> we are watching the metals close. we

because now paypal, you will be able to use paypal at over 7 million merchants.n 2013, these are places that will accept discoverer card will accept paypal. this is all about moving into digital wallet. i mean this is the transition of our time. so they're calling it monumental of course. so this will be a really big deal. on thiscks doing news. ashley: nicole petallides, we'll be back in 15 minutes, thank you. existing home sales were on the rise in july up 2.3% from june but my next guest thinks sales should be much higher consider the historically low interest rates. joining me sam chand done. sam, thanks for joining us. give the economy and especially the labor market, why do you think there should be more home sales right now? >> well which think the point is while we've seen modest increases, and those are very welcome numbers, given where interest rates are today, given we have mortgage rates at historic lows, given affordability in the housing sector is at historic high, prices are low, and increasingly expensive to rent in many markets, if the market wer

paypal is now 40% of uk's business. discover card that will get them potentially 50 million new paypal users and 7 million retail accounts. it turned bullish at 32. it is still bullish. long-term, ebay is just a great play on e-commerce. tesoro is the strongest segment of the energy complex. the refiners have been lighting it up. tish -- tesoro has been leading the way. they announced they were buying bps west coast refinery. tesoro is on a roll right now. the stock spiked up 10%. it is making new highs. up today with a market down. this is a stock that will keep going. cheryl: thank you. research ceo, thank you. >> thank you, cheryl. dennis: nice to have a little hope and optimism in the market today. we will bring you up-to-date with the latest cost on hurricane isaac. we will have a live report coming up. cheryl: the price of gas $0.30 higher than it was just a month ago. sandra smith has that coming up. before we had to break, take a look at the windows on the s&p. ♪ tdd#: 1-800-345-2550 wh i'm trading, i'm totally

home depo endorsed paypal as a preferred way to play at the register. travel trust recently took some profits in ebay, it's been such a hot stock. but i don't want to sell too much for the trust. why? home depot is a trend setter. i have to believe others will adopt paypal, which is cheaper for a retailer than master card and visa. here's the bottom line. the home despot is a beast here. and jammed with products with aisles that are ordered and is ordered and ordered again. now that ceo frank blake has told us that housing is no longer a drag on the u.s. economy, but actually giving it a boost. given how long this sector spent in the wilderness, it's inconceivable to me the move could be over after one quarter and blake would not have stuck his neck out if he thought it was possible. let's go shopping for stocks in the aisles of the best-run store in the country. even after these moves it's always a bargain if it's selling well at home depot. josh in wisconsin. josh. >> caller: hey, jim. big trucker boo-yah to yeah ya. >> what's own your mind? >> caller

this week, investors bidding on the stock big time off news the company will be partnering with paypal. and they swiped up calls in week in hopes palling around with ebay will be good for the stock. who is it? the answer when "options as" returns. there's nothing worse than going to the post office and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, f

month starbucks is developing a payment system for its coffee shops, and ebay's paypal unit has a deal with more than a dozen retailers to do the same. there's still no word on when the systems will be available in stores. >> susie: wil,awbwáijujn that's the big question hanging federal reserve policymakers will pump more money into the economy, what everyone calls "qe3." joining us now, michael farr, president of his own firm, farr, miller and washington, and author of "the arrogance cycle". so michael, will they or won't they? what do you think the fed is going to do? >> susie, i think they're going to sit pat. they're running out of time. they have three more meetings left this year. september, aungt and then december. october will be too late in front of the election. the economic data has been reasonably positive lately, kind of giving them a little more pause. and then we have bernanke at the jackson hole conference at the end of august. somewhere in here, i expect them to extend that period of low interest rates into 2015 which is a big deal. but i don't expect anymore qe observ

. >>> ebay's paypal to expand the mobile payment service. weiss?> this really holds up their business dramatically. 7 million user pos terribly in the u.s. internationals is where they will go next, maybe other credit card companies. it's brilliant move. although i still don't think ebay gets rid of paypal. >>> hale care reit, 1450 per share. premium over tuesday's close. over to our elder states man now, doc? >> ah, thank you, scott. here's one we all wish we had. turning over about 66 million shares today versus 400 on an average day, deal's are done. i went out and looked at other assisted livings like esc and others, scott. i would focus on some of these over the next two weeks. >> all right. stocks as you know are unable to hold on to the new highs. rising gas prices, fiscal cliff. europe just some of the reasons why. tony dwyer, chief market strategist, is betting the bulls will fight back and he joins us now. tony, it's good to have you back on the show. >> good to be here. >> you still have your aggressive price target between now and the e

paypal founder who owns millions of shares and like in elevation partners run by roger mcnamee and bono. whether or not they have sold their facebook stock, we don't know yet and there will be paper work filed. we do know lots of shares are changing hands. at of 9:30 this morning, a hundred million shares had been bout and sold. when facebook went public way back in may and worth $20 more than it is now, we asked one of the godfathers of silicon valley what mark zuckerberg should do with his stock? >> sell it and pay your taxes and go to vegas and put it on red or black. i don't care. pick one. at least you get a free drink while you're doing it. >> we are also watching oracle. the skirts aec charged them. government says oracle subsidiary in india set aside money to pay phony vendors and it's a complicated case and minutes ago, we learned about this. we will keep looking at it more at 5:00 and 6:00. >> of course, you are always on top of it. thank you, scott. >>> the strecket of tngth of th bridge will be put to the test today. christie smith shows us how it's going to work. >> reporte

this week investors were bidding on the stock big time off news the company will be partnering with paypal. options traders swiped up the company's calls this week in hopes of palling around for ebay will be good for the stock. who is it? the answer when we return. like a high-speed train.ads and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >>> skofr financial. call volume was over nine times the average daily volume. >>> welcome back. time for total recall as we take a look at trades neither winning or losing. they made a bullish call on best buy after hopes of buyout. they haven't made much money and here's why. on "options action" it's how we find the best deals. that's just what they tried to do with their bullish bet on best buy. carter thought the big box r

peter thiel, the co-founder of paypal, invested in facebook years before it went public. but his stock selling added to the pressure on the stock. facebook stock was off 4.3% on heavy trading volume. the stock has now lost almost half its value since going public in may. we have a closer look of facebook's stock chart on our web site, nbr.com. click on the blogs section for technical analysis by michael kahn. as we mentioned, the telecommunications sector has led the sector losers over the past two sessions. verizon is among those falling to multi-week lows. today's 1.9% drop takes verizon shares back to prices last seen in mid-june. bloomberg reported verizon wireless' effort to buy additional wireless spectrum from cable companies likely will be approved by regulators. speaking of regulators, coal mining stocks were higher after a federal appeals court ruled against the environmental protection agency's effort to limit emissions across state lines. alpha natural resources rallied 6.2%, peabody was up 3.7%. urban outfitters has the hot clothes according to consumers. the