paypal agreed to consider making changes. elliott j stock wrote a scathing blog about this issue titled "good riddance paypal." paypal's new president posted his response a few days later. there is a massive culture change happening right now. he wrote, if -- we will do something about it. >> the new president of paypal has been on record as stating that they have gotten the message from our lawsuit and from consumer complaints. >> that is jeffrey leon from the complex litigation group. he filed on behalf of users who say their accounts were frozen longer than 21 days. the accounts of thousands of paypal customers have been frozen six months. that is something paypal denied in september to 7 on your side. but now it admits it happens on rare occasions when it is in the process of closing someone's account. >> thousands upon thousands of instances where sellers have been flagged by paypal as somehow being associated with fraud and had many thousands of dollars in their paypal account frozen for suks months and weren't told why

paypal agreed to consider making changes.lliott j stock wrote a scathing blog about this issue titled "good riddance paypal." paypal's new president posted his response a few days later. there is a massive culture change happening right now. he wrote, if -- we will do something about it. >> the new president of paypal has been on record as stating that they have gotten the message from our lawsuit and from consumer complaints. >> that is jeffrey leon from the complex litigation group. he filed on behalf of users who say their accounts were frozen longer than 21 days. the accounts of thousands of paypal customers have been frozen six months. that is something paypal denied in september to 7 on your side. but now it admits it happens on rare occasions when it is in the process of closing someone's account. >> thousands upon thousands of instances where sellers have been flagged by paypal as somehow being associated with fraud and had many thousands of dollars in their paypal account frozen for suks months and weren't told why.

, paypal will reimburse the difference up to $1,000. this includes air travel. but, guys, a little work required. you must submit a refund form, or an original printed ad. back to you. >> thank you very much. >>> cleanup efforts are only just beginning, and people up and down the east coast need help to get things back to normal. a star-studded event in rockefeller plaza will try and raise money for the red cross to go to victims of hurricane sandy. called hurricane sandy, coming together, an evening packed with entertainment, including bruce springsteen, billy joel, jon bon jovi and christina aguilera. see it right here from 8:00 to 9:00 p.m. >>> space shuttle "atlantis" will make its final journey today. it doesn't have far to go. the final resting place is the kennedy space center visitor's colombia plex. about ten miles from the vehicle assembly building. it will begin the trek at 7:00 this morning and go on display next summer. "atlantis, " the last of the shuttles to move to its retirement home. >> all right. >> kind of sad. >> it

paypal here that you're coming.hen you come in, they can give you personalized service. because they'll have your name and picture when you walk in and they'll say, david, great to see you. you bought in last week. can we give you -- can we help with you with this this week? they can create customized, personal service which is something people used to do on main street, and then big box retailers came in and it became inpersonal. now mobile can help retailers build more of a relationship with customers. >> as a company that has to buy a lot of search terms and do a lot of advertising, in a sense, to get people to use the service, do you feel comfortable on mobile? are you perhaps better situated than others are? we hear it's not as easy to go from a four inch screen to nine inch screen. >> we monetize the same on mobile as the web. we're not advertising based. we're a transaction based mondayization. we've been blessed that way. the design elements, yeah, we invest a lot in design. our iphone mobile app is differen

. >>> paypal says if you buy something online and you use paypal and then find it cheaper, they will refund the difference. has to be an advertised price within 30 days of the purchase. >>> estimated 10,000 of them around the country, talking about puppy mills and the awful conditions dogs are kept in. the new rules the government is considering to help put a stop to them. first [ music playing ] >>> mexican super star is canceling shows for the rest of the year to have liver surgery, that includes a concert in san jose on the 25th of this month. the singer is in houston preparing for the operation. the singer said he is calm and hopeful about the outcome. >>> backing a new proposal that would crack down on puppy mills. >> we estimate there are 10,000 puppy mills in the united states, breeding large number of dogs, treating them like machines. >> the government is considering sweeping new rules that would target online sales. those internet operations can contribute to puppy mills. >> lot of these internet sites are advertising and making it look like everything is great. we have got

melissa: you work for paypal, but are you going to get a better deal? do they have cheap items to get you into wal-mart? the deal you cannot get anywhere else, and perhaps you could hose and everything else in there. >> they have a limited quality items or door buster items, but you're taking a risk by going on thanksgiving night or early on black friday to find those particular items when you can truly find the same deals even now online and on mobile devices there are apps to help you find those deals and they are out there now. melissa: i see it everyday, you see something and you can do such a wide search. >> even in a story can pull out a map like red laser and see if you're getting a sale. you can find the deals online and on her mobile devices. melissa: what does it mean if black friday isn't as important any longer. >> we are seeing the shift to whether your in-store or online or on a mobile device whether that is with paypal or not, ebay also is doing mobile deals only starting at five: 23 on thanksgiving day. 5:23. they will be sending out mob

that means paypal will go off gang buster. >> big coin. >> big coin for paypal. >> jim, should we be listen together ub -- be listening to the u.n? >> there is nothing happening in gaza or syria. >> i don't even do drugs. i think they should legalize them. >> what are you doing? >> are you having fun? stop having fun. that was mike blokeburg's soul. -- mike bloomburg's soul. >> don't you love that he is focused on outlawing big guzzler sodas. sandy comes whipping in and puts people out of their homes. >> he wanted to runt marathon because he said it would give new yorkers hope. that's what you want is in shape people running by. >> the first they came for the ganja, right? >> i have nothing to say. this is for anyone who is a naysayer. it is a message to the rest of the nation. specifically they never could get past that part. if you ask any of them, why should we keep marijuana legal 1234* they are like, -- because we should. there is nothing to back it up. there is no facts. anything you can say about alcohol across the board it is worse for you than man rnlg ma. they know that. st

diferencia de otros, hay quienes empezaron a hacer sus compras vía electrónica, de hecho la compañía paypalras en un 173% en comparación al día de acción de gracias del año anterior. >>> precisamente como las tiendas abren los jueves, ahora los sitios de internet, hacen las ofertas desde el principio. >>> las compañías pequeñas pueden competir con las grandes, porque no usan escaparate y ahorran al contratar menos empleados. >>> pero muchas personas tiene que esperar hasta fin de mes, que es cuando llega su sueldo. >>> como hugo, que dice que prefiere comprar en las tiendas. >>> en internet no puedes mirar lo que compras, nada más en fotos. >>> sea en internet o las tiendas, lo importante, es que haya ventas. >>> el hecho de tener una buena temporada navideña es importante para las comercios y eso genera una serie de cosas adicionales. >>> como la creación de nuevos empleos. >>> a propósito de esto, tenemos cifras, la temporada de compras navideña tiene un record, porque más de 47 millones de compradores, visitaron las tiendas de internet, esto significa 9,2% más que el 2011, el total de ve

. >>> lo ideal serÍa pagar con paypal, una compaÑÍa que le brindamos toda la informaciÓn, podemos hacerue los detalles de ventas se reporten, pero todo apunta que se romperan varios rÉcord, algo favorable para la economÍa del paÍs. ♪ ♪ >>> faltan 5 dÍas para la juramentaciÓn de enrique peÑa nieto, la sede del congreso esÁa totalmente blindada, las vÍas de los alrededor fueron cerradas. y muchos se quejan de los inconvenientes que provocan. edgar muÑÓz nos habla de este operativo. >>> la cÁmara de diputados esta blindada donde jurarÁ enrique peÑa nieto, las vallas miden 9 pies de altura, a pesar que es el sÁbado no se puede pasar con automÓvil, 14 trenes ya fueron cerrados. >>> se encuentra con la sorpresa que estÁ cerrado, ni modo, asÍ es, los lideres grandes hacen y deshacen. >>> largas finas de personas se ven cargando bultos, manuel hernÁndez se apoyo del diablito, un carro de mano. >>> tengo que ir por mi material, y hay que caminar hasta ahÍ. el taxi no puede entrar. >>> maestros de guajaca ya vienen para protestar, seguidores de manuel lÓpez obrador tambiÉn saldrÁn. >>> el fraude

the >>> pay pal gets into the paypal service. if you buy anything for the holidays using paypal and see it less elsewhere it will reimburse the difference up to $1,000. that includes air travel. you must submit a refund form and receipt. a screen shot of the lower price or original printed ad. those are things we are watching today. back to you. >> mandy, thank you. >>> hundreds of people, both real and puppet, are expected to gather tomorrow for the million puppet march, right here in washington. demonstrators will voice support for public funding for public broadcasting. the organizer was inspired after hearing mitt romney saying he wanted to get rid of funding for pbs. you going to ask the big question? >> will big bird be there? i'm guessing so. this close to halloween. >>> 6:51. tom here with the forecast. >> all eyes on the weekend and boy, do we deserve it. coming up, we will have a chilly pattern continuing through the weekend. you will need your winter coat now. there is the washington monument, under a cloudy sky. 44 at

david: joining us the ceo of personal capital and former ceo of paypal and intuit. great to see you. thanks for coming in, bill. first of all we get word today people are more optimistic. the market was up as a result. however we haven't heard any real talk despite coming up against the cliff, you say is a positive thing. it will force people to do the right thing. so spending cuts. if we look what happened in 2009, that is when we get the extra $800 billion stimulus thing, rather than being a one-shot deal, that has continued every year. 2009, 2010, and guess what? it adds up to about what our deficit is. until you deal with the fact that they have continued this $800 billion in stimulus until they cut that out, are we going anywhere? >> i think the real object tiff, the thing we have to do as a company, as a country is fix our fiscal house. in order to do that we have to reduce spending, we have to increase taxes. there is no two ways about it. the great thing in my view about the fiscal cliff --. david: by the way whht we're looking at what i was talking about be

which brings me to the mobile wallet issue, paypal has been there. it's in essence wifi wallets and there's competition there too. how do you guys hold on to the market share that you have and not get chipped away by the new upstarts? >> well, i think for us it is working with the retailers, righting? -- right? the retailers are really important in the holiday season. both our paypal business, e may, and the mobile business we are working with retailers; right? it is all of commerce. our apps, you will start to see a companion experience as i walk into a brick and mortar store. so ebay is about connecting buyers and sellers. these brick and mortar merchants, they are our partners. liz: okay, finally -- [inaudible] -- are they biting into the ebay business? i imagine they might in a certain way, but it might be a different consumer. you tell me. >> it is a different consumer. in some cases those are inspirational shopping or there's like deal attention because it is a timed deal. we do the same thing. it's that we have a much bigger inventory. liz: be

how do you go from paypal to making electric vehicles. and how does it work? car? >> yeah. >> jimmy: i don't know how that works. >> two things along the way. >> jimmy: yeah, i guess so. yeah. >> so i guess, when i was in college, there were three areas that i thought would most effect the future of humanity. one was internet. the other was sustainable injury, being electric cars and solar power. and the third was making life multi-planetary. >> jimmy: yeah. >> as it turns out, i've been able to get involved in those three areas. >> jimmy: what was the third area? >> making life multi-planetary. you know, becoming a true space civilization. i think it's really -- it's really sad that our high water mark was going to the moon. >> jimmy: yeah. >> and i think we want to exceed that in the future and have that exciting future in space exploration. >> jimmy: well, that is -- yeah, that is space x. you go -- it's just a spacecraft, right? you pay money and you fly to mars? >> we could fly to mars. right now, we're -- >> jimmy: no one's there so, i mean, it would be

is about to see a major threat to the share of the market thanks to a partnership between stubhub, paypal and aeg. >>> believe it or not, thanksgiving is less than two weeks away. so how much does it cost to host the big day? a new survey finds it will run you about $246 this year. but it looks like more people may skip seconds to get a head start on black friday shopping. toys "r" us is the latest store to announce it will open at 8:00 p.m. on thanksgiving day along with walmart and sears. >>> coming up, a massive explosion roxanne indianapolis neighborhood, plea deal time for congressman jesse jackson junior, plus your nfl highlights. those are straight ahead. you're watching "early today." >>> other stories making news "early today" in america now. we begin with what could potentially be an end to jesse jackson jr.'s political career. cbs chicago reporting that plea deal is in the works for the newly re-elected congressman that could include his resignation and jail time. the illinois lawmaker is under investigation for allegedly misusing over $40,000 of his campaign funds. jackson is

most popular purchases, according to paypal, parallel, jewelry, then electronics. -- >>> holiday shopping season in full swing, many retailers hoping, shopping for holiday help at san francisco's galleria, hiring signs are out, more than a third of the nation's retailers plan to hire more seasonal help this year, 600,000 workers are already employeed. >> warehousing, packaging, shipping them out, vast majority. >> i guess it shows that a lot of people are still shopping. >> if you are looking for extra work or extra cash for the holidays head for the malls, retailers are desperately calling temp agencies for help. >>> next, feds take action against popular peanut butter maker. what led regulators to shut it down. >>> have you ever forgotten where you parked in a crowded lot. the different ways men and women go about finding it. >>> doppler is quiet, a lot of cloud cover the fog will be an issue in our east bay valleys, conditions better than yesterday morning 2 1/2 mile visibility in concord half mile in fairfield, quarter mile in napa. there are areas of dense fog with improving conditio

he made millions when ebay bought paypal. then he founded the business social network linkedin and made millions more as he took that company public. he's reinvested his wealth in nearly 100 new companies like facebook and game maker zynga. now he's giving a million dollars to kiva, allowing any new user to lend $25 of hoffman's money to an entrepreneur in the developing world. wired magazine said if facebook's mark zuckerberg represents silicon valley's world conquering hubris, reed hoffman is the more modest, searching soul. joined by becky worley, let's start with kiva. it's your millions but i decide where a little portion of it goes. >> we want to make sure people knew this was a way to empower entrepreneurs around the world. the simple vehicle is to provide a large quantity of money so people can loan my money to an entrepreneur. >> like a sample at costco. give us a shot. if you like it, do it again. >> if you like it. fantastic. >> this is almost exhausted. by the time people see this your money will be exhausted but

as for paypal, it's getting into the holiday spirit. it's joining target, walmart and other retailers in offering to match any price. the payment says if you buy anything for the holidays using paypal and see it for less elsewhere, it will ream purse the difference up to $1,000. this includes even air travel. but, there's always a but, you must submit a refund form, and the receipt, a screen shot of the original price and the lower printed ad. >> thank you very much. jon and laura, we talk about immigration issues on the news but here's an interesting twist. this couple graduated from the university of wisconsin. they started a facebook app that brought in millions of users, but they were here on student visas so they had to leave school and go back home to india. they took their company with them. it's very successful. they were paying $100,000 a year in taxes to the united states when they left. we'll take a closer look at this problem sunday morning. republicans and democrats both say what happened there is a huge mistake. so why can

on paypal, we're seeing a 100% increase of mobile volume, last cyber monday into this cyber monday. >> ibm's data, a big gain in the number of people going online to shop. 10% of us shopping from our mobile devices. >>> a heartwarming story. surprising yet powerful in its message. nfl cheerleaders shaving their heads. this was before yesterday's indianapolis/colts game. showing support for chuck pagano in indianapolis. there's the coach. a lot of the colts players have shaved their heads. these cheerleaders wanted to join in. the colts won the game and are in good position to win the playoffs. >> the ladies look beautiful, with or without hair. >>> let's turn things over to scott reese in the comcast sports newsroom. >> jim harbaugh said what? the coach not as quick to settle on a quarterback. >>> and the san jose state spartans. go to one of basketball's toughest road venues and give kansas a scare. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it t

paypal saw a 200% increase in local payment volume. as of monday afternoon shoppers were expect eed spend about $1. billion on monday. that would make it the biggest since they began keeping track in 2001 when it was just an exotic thing to buy online. now there are people who actually buy online when they're actually at the store. it's really getting ubiquitous. >> you do that comparative shopping, so to speak. >>> whether it's online or in the store, retailers doing all they can to get your holiday shopping dollars, but some say one popular store is going too far. far to risque again. lululemon reads goodbye camel toe, hello mistletoe. one of its selling points are pants that never ride up. an ad in 2010 that said just say no to camel toe just sparked controversy. despite that, sales continue to soar. >> as far as yoga pants go, what they're trying to do seems as though it's a good idea, though i would actually change the wording on the logo. >> in a statement they say we are passionate about educating our guests regarding the techni

. >> reporter: according to san jose's paypal, cyber monday traffic where people shop online is set toriple this year, largely because of all the shopping being done on mobile devices. in fact, so many of us use the internet to find what we're looking for, the idea of cyber monday may soon be outdated. >> people don't have to wait any longer, like you said. they don't have to wait for the deals. we saw the holiday shopping start september 30th. that's earlier than ever. and we're seeing people embracing the mobile technology throughout the season. the deals are available earlier, consumers are shopping earlier. they know that they have the convenience to stop earlier, so they know they don't have to shop on cyber monday. >> the beauty of it is i'm not a good sleeper, in the middle of the night i can go online and do my errands, do my shopping, which is a big advantage to me. and i'm not out there with the crowds, i'm not using gas. >> reporter: so skip the mall. >> you can look online. >> reporter: for your favorite cafe, where you can shop on your favorite gadget. a surge in online sh

. >> paypal is priced matching for the holidays on airline tickets. this is part of the payment systems holiday promotions which includes price matching within 30 days of purchase. could we soon be able to vote online? number people use their phones to vote for reality shows. possibility of hacked votes. the idea of a national digital process is maybe the biggest hurdle. that brings us to our water cooler question of the day. if the services were available, would you be comfortable casting your ballot online? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. cable companies are offering a break to areas hit hard by sandy. jane king has the bloomberg business report. >> good morning. toyota still on the comeback trail from the natural disasters it faced. were strong demands for the prius. people are ready for a new design for the prius. they may broaden the car's appeal by ditching the wedge shape. cable companies are offering credits to customers who lost service. dish and directv have

so you've got folks like intuit and paypal wanting to do what square does. >> our focus has always beennts, but the entire commerce experience, the entire buying and selling experience. if you look at just payments, then you're looking just at the payer and the payer is actually just someone who does some mechanical thing. and we wanted to remove all the mechanics of payments. we started with individuals, but we wanted to build a utility that scales between someone just wanting to sell something at their yard sale with a credit card, but also to the largest organization in the world, and starbucks validated that last week by bringing it to every one of their stores in the united states. >> walk us through how that works. i go into a starbucks, what do i do? i just say hi, it's maria, i want a latte? >> to start, you download square wallet for your phone. and then you find the starbucks in the directory and your closest starbucks and go up and say, i would like a double tal latte, and you simply show your phone to the scanner, there is a quick beep and they hand your coffee and you walk

the entrepreneur behind paypal, tesla and space x has bigger dreams.e wants to start a colony on mars. he envisions starting with ten people that get shelter, food and a way to the extract water and welcome up to 80,000 new earthlings. he says it won't happen for a few decades. the price for a ticket $500,000. >> that's it? >> with inflation in a few decades probably a lot more. >> jeff the man of the day. so many questions about all of the storms. >> we have more coming our way. mendte of answers as we head throughout the weather cast and beyond. top wind gusts 82 miles an hour in mount hamilton. los gatos 72. alameda 39. while winds are 15 to 20 miles an hour at the coastline, not too gusty, we are seeing scenes like this. a live shot in to san jose. our photographer jim foster getting this photo. sure, it's not a 60-foot tree but an example of the ground that is saturated. it got so close to the house. there looks like it has been saved but all is it takes is one tree down and you to be in it. trees are weakened that's something to be concerned abou

the paypal guy is one of the founders it is more beautiful and you could make it up from milton friedman grandson. they're trying to the -- bill the island's in international waters where no laws apply. you could go and create your kind of world. there were some people and a do quote them in my book when a bomb gave his speech last fall the fdr commonwealth club speech, immediately there were investor notes that a plan that was discovered and all of the rich people should with there. more than you would take a very ayn rand type of sense you got this with foster friess, meant he gives them so much we are the job creators. also zero gary gensler was speaking with great passion and pleasure had there been the transparency they dislike london trades that loss jpmorgan monday would be much more of visible i could not resist. i said is jaime dae may grateful to you saying they do? he said i do not expect them to be grateful. our interests are different. >> something you said earlier brought back the words of the latin american priest i gave to the poor they called me as eight i it asked why t

. >>> turns out more people than ever used paypal on their phones and tablets to make purchases thisday. the san josi-based company says it saw a 193% increase in mobile payments this black friday cared to last year. the busiest hour was between noon and 1:00 p.m.. >>> there is word tonight kidnap victim elizabeth smart is writing a book about her ordeal. smart was just 14 when is he she whereas abducted from her home in salt lake city by a homeless man. she was freed nine months later when she was recognized on the street. that was ten years ago and she is now married and a senior the brigham young university. her co-author is congressman stewart. ♪[ music ] gangnam style. >> oh, gangnam style by korean rapper psy became the most youtube watched video ever. psy beat out justin bieber's video "baby." presumably no one is happier than island records which happened to sign both psy and bieber. >> fun to watch. >>> how to southern california where people are still talking about the camel that escaped from the circus in glendale. there goes abdullah, followed by some of his handlers. the

i think the paypal is worth almost the entire price of the company.at in california, pat. >> hi jim, i wanted to ask about ross stores. the earnings keep going up and the stock is going down down down. >> stephanie link sent out an e-mail that we think ross stores is a buy buy buy right here. i think the big froth is out of the stock and they have a lot of places that can open the stores. don't take headlines at face value anymore. dig deeper. urban's turn is for real. when you turn on squawk tomorrow you are going to see this outfit. >> jim goes fast and furious. giving stock after stock their final verdict on the lightning round. and later, bottoming out. there is a lot weighing on this market. fiscal cliff fears, a failed recovery. but after weeks of painful retreat, is a turn coming? tonight he is using the technicals in tonight's edition of off the charts, all coming up on "mad money." can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you kno

i think the paypal is worth almost the entire price of the company. in california, pat. >> hi jim, i wanted to ask about raw stores. the earnings keep going up and the stock is going down down down. >> she sent out an e-mail and we think raw stores is a boy buy b buy right here. i think the big froth is out of the stock and they have a lot of places that can open the stores. don't take headlines at face value anymore. when you turn tyou are going to see it. >> he goes fast and furious. giving stock after stock their final verdict on the lightening round. and later, bottoming out. there is a lot weighing on this market. fiscal cliff fears and after weeks of painful retreat. is a turn coming? tonight he is using the technicals in tonight's edition of off the charts coming up on "mad money." >>> it is time for the lightening round. are you ready? starting with manny in georgia. >> booyah from the peach tate. del. >> i know, i know, i like all of the press that delta is getting. if you had the stock i would say yes, but you don't need the stock. >> robin

you can buy on-line with paypal and debit cards and mobile has gone crazy i during cyber week and mobiletrend for the last two christmas and sites that don't have good mobile aren't getting their bang and a huge push on paypal and a bump on our site with debit, and cash certainly is a great idea because you feel the pain when you spend with cash. >> i give you what idea a proportion of people get into real trouble and you would define trouble at any kind of credit card debt and interest payment in the future and any idea what proportion would just campaign, totally in over their heads and they go belly up, what proportion? >> you know, it would be very small, and that would be the same proportion of the population that files christmas doesn't bankrupt but, what it does is a continuation of a series of bad habits in your life causing you not to win with money. we want you to retire with dignity and sends your kids to college and live like no one else so later, you can live like no one else. >> you don't like stuff, do you? you don't like-- >> i do like stuff, i like stuff. >> and you cons

ebay, that's paypal. we like that. boeing, aerospace, i'm shocked this stock is at $71.ot crazy about devon. they better not disappoint. we have gold, nat gas, aerospace, finance and drug. let's call it finance and drug. that, again, is perfection. how about our contestants today. they'll all winners. stay with cramer. >> i want to give you a black knight combat boo-yah to ya. >> big navy boo-yah. high flighting united states air force blue-ya. >> i'm sending you back a thank you for serving. we have got to have them on this show. boo-yah back at you. >> this veteran's day, "mad money" salutes those who defend our country's freedoms by helping to defend their financial futures. if you or someone in your family is proudly serving or has served, we invite you to join our live studio audience for "mad money." for tickets, go to madmoney.cnbc.com. >> all right. two very big very high profile positive numbers. starbucks, that's right. which is had been a downturn, some recommended selling, howard schultz saying we're back an raising 2013 numbers. charitable trust name priceli

. >> the facebook funder and creator of paypal, is behind this project, he is leading our seed round, help us to bring in a number of other visitors. john: have you collected 60,000. >> peter onboard giving us a significant fraction of what we need. john: we called one of the large immigration reform groups, they are limited to immigration, bob dane said, they could have paid a higher wage and found americans to do this engineering work, this is nautical grandstanding. >> i would like to address that, this is a way for a company to come, so instead of leaving the united states they will be coming into the united states, i would think it is the opposite. john: you are both immigrants yourself? >> yes, my parents are from cuba, they came over whether castro took power. >> i and yugoslavia. i am an imgrap myself. john: there is something about kind of people that would like to live their country and try a new kupr country that makes thee likely to build something. >> they have the pa fluoral spirit. >> yes -- entrepreneurial spirit. >> yes that can-do attitude. it has a lot to to with a

. >> i'm scott budman at paypal headquarters. the numbers are in. we're doing it on our computers. we're doing it on our mobile devices and doing it way more than before. the cyber monday shopping report is coming up. [ crickets chirping ] [ traffic passing ] ♪ [ music box: lullaby ] [ man on tv, indistinct ] ♪ [ lullaby continues ] [ baby coos ] [ man announcing ] millions are still exposed to the dangers... of secondhand smoke... and some of them can't do anything about it. ♪ [ continues ] [ gasping ] >>> these terms are outdated now. black friday. cyber monday. so 2005. the malls are packed and laptops are coming. >>> it's the sign of an improving economy, we hope. we bring in scott budman. lots of shopping of all kinds. i went to union square and it was packed. >> and that's the best news of all. it doesn't matter how early the malls were open unless a lot of people were willing to spend money. all these numbers are a reflection that we're comfortable shopping online, especially with our mobile devices. you can pretty much boil the shopping world down to this couple we found in

. >> reporter: led by companies like square and paypal, mobile payment technology has taken off. even bank of america offers its own card swiping attachments. but with credit card theft and fraud as widespread as ever, some customers might be asking, is it safe? >> the short answer is, yes, it is very safe, reliable and in many ways more convenient and more useful way of engaging in a credit card transaction. >> reporter: the ceo at the electronic transaction association that represents visa, mastercard and about 500 other companies, says in some instances mobile payments are safer. >> when you're using, for example, a cloud based digital wallet, that information is not even stored on the phone itself. it's in the cloud. you're accessing it on your phone but the information about your credit card is not physically stored on your phone. >> reporter: that's why predictions about the mobile payment industry are also at cloud level. >> and we will reach the point over the course of the next decade where consumers will use their mobile phones as payment devices more often than those p

the most popular things to buy online, according to paypal apparel, jewelry, then electronics. >>> nexteds take action against popular peanut butter maker. what led regulators to shut it down? >>> have you ever forgotten where you parked in a lot? the different >>> live doppler good morning, plenty of clouds out there and fog this morning. not as dense, quarter mile visibility in napa, mile and quarter in fairfield has improved a little into concord we will look for this to thin out a little high and mid level clouds thicken throughout the day temperatures cool, right now upper 30s to mid 50s around the bay. this afternoon just in the upper 50s to about 60 more clouds along the shoreline, maybe a few sprinkles, we are anticipating our big wet weather maker with very gusty winds, heavy rain coming our way tomorrow morning. >>> live to the bay bridge toll, once again traffic light by tolls upper deck slow, minor delay for cash paying folks. i want to show you your waze app on the upper deck yellow line means slow, treasure island on and off-ramps are closed due to police activity. they ap

paypal about 90 minutes ago out with cyber monday stats. mobile shopping is up 200% from this time next year. >> thanks, scott, fso has to give back $2.1 million in stimulus funds because the airport used the money inimpromerly. the work done in 2010. but now the department of transportation says the money was spent on unauthorized construction. it's unclear exactly how the money was used, but it's the second time in two years the airport has been found misusing federal money. >>> it's becoming one of the most noticeable in the world. it's going the other way. the amgen tour of california. the 750 mile race will start down south in escondido on may 12th and end eight days later in the bay area in santa rosa. the rout will take riders on top of mount diablo instead of half way. san jose will host a time trial. livermore with a last-minute edition after a community there stepped forward to help the city pay expenses. >> we want to check back in with jeff ranieri. we're going to start to see that in the morning. >> that's roigt. we'll see thin

north carolina, urging people to donate to help victims in jamaica, linking the would-be donor to a paypal account. >> i couldn't find what was behind it. you can check registered the domaining, and there is this tool that tells you who registered the domaining. let's just look this up here and see what comes back. it's here, a person in north carolina that hasn't registered, but whether or not that's real, who knows. >> reporter: we checked. the charity is not registered with the state of north carolina as the law requires. some sites are even more blatant. personal appeals on crowd sourcing sites, creating a web page just asking for money. on this site called indy go go, there were 32 pages for pleas for cash. we headed -- we left the city and headed south towards family in pennsylvania. we were finally let back into salem and our home was destroyed. or a man in the bronx who wants $60,000 to repair his business. there is simply no way to determine if any of these pleas or people are real. and before you think no one would send donation to see blind sites or unknown charities, think agai

a great question asked of you in your conference call, how about square, how about paypal, groupon.those guys coming on? you are a very candid guy. your response to these new payment programs? >> we love it, jim. there are 9 million sort of core merchants in the country. now with the new innovations, now there will be 25 million is what folks are saying. the market is expanding in a huge way. and these micromerchants need to be serviced in a different way. scare has come out, done some innovative things, but the things are, they aren't great technology changes. they changed the model with flat-rate pricing. pretty expensive for most merchants, but easy and simple to understand, and there is this ability for the merchant to go on their phone and set up their system. >> why don't you show me what you've got. >> this is called mobile. buy with our mobile device. allows a merchant to take a transaction at a trade show, outside at a tiki bar, a restaurant where they don't have a hard phone line, and line busting, if there is a long line, go take payments of people waiting in line. this i

so, you've got folks like intuit and paypal wanting to do what square does.u build a moat around square and stay in the lead? >> our focus has always been around not just payments but the entire commerce experience, the entire buying and selling experience. if you look at just payments, then you're looking just at the payer. the payer is actually just someone who does a mechanical thing. we wanted to remove all the mechanics of payments. >> so you also co-founded twitter, which also has sort of changed the world in a different way. is there a thread between twitter and square that you can talk to us about in terms of what's similar and what they're both tapping into? >> i think the common thread is simplicity. twitter made it very, very simple to have a conversation with the world. just by updating what's around you and sharing what you're seeing or what you're experiencing. and the entire world can then participate in that and have a conversation with up. and square really simplified getting into commerce, both from a seller perspective and also from a buyer

on black friday, paypal saw 193% increase in mobile shopping. >> 193%. >> 193%, a threefold increase. >> that is unbelievable. you mentioned categories, electronics, jewelry and apparel. is that really where the sweet spot is for discounts? >> those are the top sellers for holidays particularly cyber monday and black friday. the biggest sales and promotions happening. >> get ready to start clicking. >> get your smartphones and computers ready. >>> up next on "today," the duke and duchess of cambridge in the spotlight as they prepare for a busy holiday season. t as they p busy holiday season. here you go little man. [ humming ] [ babbling ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cheerios [ woman ] too weak. wears off. been there. tried that. ladybug body milk? no thanks. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. it's so powerful you can sp a day... but light enough you won't want to. dermatologist recommended eucerin. the end of trial and error has arrived. try