gives your paypal account and a bank routing number you say you set up. >> that's not my paypal account. i mean, i have a paypal account like that. >> is that your e-mail? >> which one? >> says right there. >> yeah, that's one of my gmails. >> it's your gomail act? >> yeah, but i never set up funds. >> you should know the pozner family is very upset. >> but i never did anything to hurt them. >> who sent this? >> i never sent this e-mail out. i don't have a reason to send any e-mail out. >> this is all so bizarre. alba claimed she was being set up by enemies in, of all things, the crafting community. alba has a business selli ing victorian picture frames. it's hard to brebelieve. anderson and drew spoke about that last week, and she also asked for donations after hurricane sandy. >> i think it's important to name this person again. noelle alba is her name. >> that's her name and her story is that her enemies, quote, within the crafting community -- >> that's the most ridiculous thing i have ever heard. a, that she has enemies in the crafting community and that they have somehow set up a

your paypal account. a bank routing number you say you're set up. >> that's not my paypal account. i mean, i have a paypal account like that. >> is that your e-mail? it says right there. >> yeah. that's one of my gmails. >> it is your gmail account? >> yeah. my personal account. but i never set up any funds for anybody. >> the pozner family tells us they're very upset by all this. >> i never did anything. >> who sent this e-mail? >> i never sent this e-mail out. >> uh-huh. >> i don't have a reason to send any e-mail out. >> this is all so bizarre. alba claimed she was being set up by enemies in of all things, the crafting community. alba has a business selling victorian picture frames. it's really hard to believe. anderson and drew spoke about that last week and that she also allegedly asked for donations after hurricane sandy. >> i think it's important to name this person again as noel alba is her name? >> that's her name and her story is it that her enemies, quote, within the crafting community sent out this e-mail. >> that's the most ridiculous thing i've ever heard. "a," that s

not my paypal account.ean, i have a paypal account like that. >> reporter: is that your e-mail? >> which one. >> reporter: says right there. >> yeah, that's one of my gmails. >> reporter: it is your gmail account. >> you should know that the family tells us they are upset by this. >> but i never did anything to them. >> reporter: who sent this e-mail out? >> i never sent this e-mail out. i don't have a reason to send any he e-mail out. >> all very fishy anderson. the bottom line we couldn't find out if the woman's claims are true that this is some sort of set up by her enemies. she claims she did get about 300 dollars in paypal donations that she says she immediately returned. again, a clear example of how quickly these e-mails pop up after a tragedy. we did a story after hurricane sandy. some of those were set up before the storm hit. you have to know where the money is going. don't believe anything in a website or an e-mail. if you want to donate, do your homework. in this case, we exposed this. this woma

would the ebay investor see this as a positive for the paypal business?think it's within paypal's realm to offer credit, bill me later, a big name and trusted user base but i don't think they're ready for several reasons. one, they don't have the expertise in-house. they would have to hire or acquire. it would just add to the complexity. 35ipal has its hands full with initiatives, paypal point of service with merchants, looking to expand to emerging markets. right now i think a mortgage product would not be congruent with growth initiatives. it would be a distraction. third, i would add to regulatory risks as well as increase licensing. that would be costly, time consuming. fourth, competition has increased significantly for paypal, visa entering the space, mastercard, square. it needs to continue focusing on a core industry. >> the mortgage industry is not exactly a growth industry. we're in a downswing in the housing market right now. >> there's no doubt, but you're talking about a share of the wallet. every mortgage walmart would they' theater et lick

look at paypal and all these other services. a million of them pop up. as a e-mail and use square or one of the other knock-offs and handle it manually. there's a lot of didn't ways. >> my answer is maybe. high-volume gateways are the preference to go. low volume, paypal, amazon, google, those are the better source. >>> and now a question about dealing with a potential customer. >> how do i convince people that a web designer is an advertising person rather than an i.t. computer programmer? >> so this is an interesting question and it goes beyond what he's talking about which is how do you market your business, right? people have a preconceived idea about what you do, whatever it is, in this case, it's web design. how do you sell what you do? >> this is easy. you cannot change customers' perspectives. so you don't tell them, let me tell you what a web designer really is. give it a new label. you're a first impression designer, impact designer. that will get them saying i don't know what that is and you can point out the dichss. >> if they can't tell the

it has your paypal account. >> that is not my paypal account. >> is that your people?ght there. yeah, that is one of my gmails. but i never set up any funds for anybody. >> you should know that the family tells us they are upset by this. >> but i never did anything to them. >> i never sent this e-mail out. >> i don't have a reason to send any he e-mail out. >> all very fishy anderson. the bottom line we couldn't find out if the woman's claims are true. she claims she did get $300 in donations that she says are true. a clear example of how quickly the e-mails pop up after a tragedy. we did the story after hurricane sandy. some of the websites were set up before the storm hit. if you want to donate do your homework, in this case we have exposed this, this woman herself admitting it is not a good charitable avenue to donate, so don't. >> this is so sickening so i think it is important to name her. noelle alba? >> that is her name. and she said her enemies are within the crafting community. >> that is the most ridiculous thing i have ever heard. that she has enemies in the

it has your paypal account.y you sent out. >> that is not my paypal account. >> but that's your -- is that your e-mail? . it says it right there. >> yeah, that is one of my gmails. but i never set up any funds for anybody. >> you should know that the family tells us they are upset by this. >> but i never did anything to them. >> who sent this e-mail out? >> i never sent this e-mail out. iri don't have any reason to send any e-mail out. >> all very fishy anderson. the bottom line we couldn't find out if the woman's claims are true. if it was set up by her enemies. she claims she did get $300 in donations, that she says she immediately returned. a clear example of how quickly the e-mails pop up after a tragedy. we did the story after hurricane sandy. some of the websites were set up before the storm hit. the bottom line, have you to know where the money's going, don't believe anything that's in an e-mail. we've exposed this woman herself, now admitting it's not a good charitable avenue to give, so don't. >> this i

paypal is giving up on partnering with discover. dennis: mastercard, visa, what could go wrong?tdown of 2008 we saw default rates soar, they have been declining quite a bit. >> credit has been outstanding. what we worry about most since they don't take credit risk is government intervention. the competitive forces favor of these and mastercard to gain share globally and the only thing to worry about is the government changing the rules like they did two years ago with dodd-frank and regulated change and stock got crushed and they're bound -- dennis: even if you change the rules they will survive that too. cheryl: with the fiscal cliff, plan b from john boehner going down in defeat in the house we have a republican who came out against john boehner's plan. what does he see negative to get? dennis: a man who could be the next governor of california pushing to legalize recreational use of pot. cheryl: as we go to break with it today's s&p winners and you have a nike, big lots, we will be right back. cheryl: 30 past the hour and stocks every 15 minutes with nicole petallides. volume

paypal joins us with the trends.e'll tell you how starbucks is getting into the fiscal cliff debate. trying to get lawmakers in d.c. to work together. before that take a look at some of the day's winners and losers on wall street this day after christmas. research in motion, new blackberry 10 on its way to market. i guess investors are optimistic, bidding shares higher by over 11%. netflix despite the little snafu on christmas, shares up almost 2% today. back after this. lori: as you probably heard by now the initial reports on holiday retail spending coming in well below expectations but there's a bright spot for retailers with more and more shoppers using their smartphones to shop and make purchases. paypal's claudia is here. happy holidays. >> happy holidays. thanks for having me. lori: shoppers are turning to the smartphones more often but are they window shopping, scanning for products sitting on the train or pulling the trigger and making purchases on their handheld devices? >> they are definitely pulling the t

it gives your paypal account.ot my paypal account. i mean, i have a paypal account like that. >> but is that your e-mail? >> which one? >> it says right there. >> yeah, that's one of my gmails. >> it is your gmail account? >> yeah, my personal account. but i never set up any funds for anyone. >> you should know that the pozner family tells us that they're very upset by all this. >> but i never did anything to hurt them. >> who sent this e-mail out, ma'am? >> i never sent this e-mail out. >> uh-huh. >> i don't have a reason to send any e-mail out. >> noel alba is out of jail on bail today. >>> investigation into an army day care finds dozens of employees had criminal records including at least one case of sexual abuse of children. i have, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decongestant. no way. [ male announcer ] sorry. alka-seltzer plus fights your worst cold symptoms plus has a fast acting deconge

you have the paypal story, still tremendous, both from what they are doing online and offline. and while they turned around the company, they also positioned themselves for mobile. they're a tremendous leader in mobile. the market cap is $65 billion, and we think this is a company that, you know, you can get a 25% move in 2013. if you are interested in it, you can pair it up on the short side. >> with? >> you can pair it up with amazon. that's always a tough trade, right? being negative on amazon is a difficult story, but if you think about their market cap, it's north of $113 billion, almost twice what ebay is. people are concerned about that 2015 consensus of $10 in earnings, because the leverage in the story hasn't come out. ebay's estimates are likely to continue to revise up, amazon's may come down. >> what about amazon with amazon web services? what about amazon with streaming, what about amazon coming out with a mobile phone, beating everybody that is speculated to come out with a mobile phone? >> it's true, but actually, if you look at the numbers for 2012, ebay outperf

the pope benedict visited his former butler and told him he had pardoned him for stealing valuable paypal documents. he -- pa pal documents. he gave the documents to a journalist in order to expose evil and corruption in the vatican. >>> just ahead on 9news now this saturday. a police officer being called a hero this weekend after a daring rescue in frigid waiters. >> erica has the forecast when we come back. >>> the boston police officer is being hailed a hero tonight after jumping in the frigid walters to rescue a woman. cell phone video captured officer ed norton taking the plunge to rescue the woman who was crying for help. officer put a life ring around the woman and they both swam some 50 feet to shore where another officer and three firefighters pulled her to safety. it's unclear how the woman was in the water in the first place. she was eventually treated for hypothermia and doctors there say she's expected to make a full recovery. >>> all right that's good news. >> very good news. >> yes. >> no snow here but not that far. >> that's right. yeah. we have another little disturbance

almost half a mortgage from paypal. but neither of those companies offers mortgages.g mortgages is like banks offering what? we'll get your answers after a short break. don't go away. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> take you to a live shot of central london. if you are anywhere near twitter this morning, you are aware now that kate middleton is pregnant. some people reporting continual in the early stages, obviously. this is of a live view of king edward vii hospital where we believe kate middleton has been for several days, a

chase, citibank, wells fargo, and even paypal are among the banks that could get hit. the cyber criminals are said to already be testing the attack plan. most recently, u.s. bank reported sudden trouble with its website. on the ipo watch, solar power company solar city had a sunny first day of trading. after cutting its ipo price to $8, shares traded near $11.15 before closing up 47% at $11.79. pbf energy also had a good first day on the market. shares of the refinery company rose 1% following an ipo price of $26 a share. shares yesterday closed at $26.25. hundreds of cars damaged by superstorm sandy are on the way to crushers. others may wind up on used car lots. while it's not illegal to buy or sell flood-damaged vehicles, it is if the buyer is unaware. the national insurance crime bureau is trying to avoid the repeat of flooded cars on the market that followed hurricane katrina. "we've seen it in every water event in the past, so its very likely that some will make it back out into the commerce stream. even if it's one case, it's one too many. " frank scafidi of the

found guilty in a british court of involvement in a cyber attack on global online payment companies paypal visa and mastercard were targeted after it blocked off funds meant for whistleblower inside wiki leaks the twenty two year old who has maintained his innocence is now facing a jail sentence his lawyer smith is following the case. is basically a revenge attack against those companies that blockaded wiki leaks so pay pal mastercard things and other online payment companies they they banned wiki leaks from taking payments through their organization which is actually brought with lease to its knees and anonymous the active online activist organization ten. this put this block on them as well a distributed denial of service attack christopher weatherhead has been convicted of participating in that attack and now this is a crime it's a crime that's called conspiracy to impair the operations of computers but it is ultimately a crime of protest what anonymous were doing was saying you know you can't as big organizations cut off wiki leaks from their funding without seeing some kind of retribu

they are expected to change some of the board members, including adding the paste -- paypal founder.his will be interesting to watch. right now, i guess, the stock is in a wait and see mode. we have seen some accelerated selling. the vix has moved a little bit higher. the dow is now down over a half of 1%. down 70 points. back to you. adam: charles payne joins us. charles: this brings up the point of chasing a saga. the stock is up like 400% from its february 2009 lows. you have to look at the pros and cons. first of all, what i like is the natural gas face. oil was up 74% last quarter. they have almost $5.6 billion worth of proven reserves. i do think it is one of the companies that will continue to do well. don't you have to be careful with these companies that are involved in fracking? >> the only problem with that is that if the obama administration wants anything close to a manufacturing renaissance, the only way they will get it is with cheap natural gas. natural gas is $60 in japan. fourteen dollars in china. it has been an economic miracle. if they want to cut, perhaps, milli

. >> all the money was refunded to donors but she denies opening the paypal account.e. she's free on bond. the freezing temperatures have claimed their first victim of the season. in season a man died of hypothermia last week in frederick county. bill lee information is he was 65 or older. 15 people died of hypothermia. in maryland last. storm watch now. after damaging winds on thursday and snow this week in parts of our area, we could see even more snow. it's not expected to be a huge storm, but snow was forecast for tomorrow. frederick already has some snow and some residents are getting tired of it. >> it was great for christmas and having a nice white christmas. getting around frederick and getting to work is not in front. >> shoppers throughout our area are stocking up as they typically do. want to make sure they have enough food before the storm hits. >> this is not a bread and milk storm. it's not a big deal. it's a saturday. nobody has to work. unless you are trying to travel. >> doug hill, a little early to panicked? >> the big ten timing is perfect. maybe an

. >> that's not my paypal account.ccount like that. >> but that's your e-mail? >> which one? >> it says right there. >> yeah, that's one of my gmails. my personal account. but i never set up any funds for anybody. >> you should know that the family. says they are very upset. >> but i never did anything to hurt them. >> if convicted, she faces up to five years in jail and $250,000 fine. >>> tributes are pouring in this morning for a general norman schwarzkopf died yesterday. he became a household name as he led america to victory during the first gulf war. schwarzkopf was 78. secretary of state hillary clinton will be back at work next week. she's been at home recovering from the stomach flu and she fainted and suffered that concussion. clinton has promised to testify next month before congress on the deadly attack on the u.s. consulate in libya. >>> turning to technology, reviewers say the best part of microsoft's latest operating system is the touch screen. the problem is that one research group says hardly anyone is

. >> that's not my paypal account. i mean i have a paypal account. >> is that your e-mail? >> yeah.ld know that the pozner family tells us they are very support b upset by this. >> i never did anything. >> she was raising donations for hurricane sandy, if convicted she faces up to five years in jail and a $250,000 fine. >> she went so far to say she was called of the scene of the crime to identify bodies. >> that the president hugged them, cried with them. just really out of control. >> and as have you bereporting, this happens a lot. >>> after the powerful winter storm that brought record breaking snow and spun off ten tornadoes, ten deaths blamed, and 2,400 flights already been canceled. oh, boy. bonnie schneider with a look at the forecast. i'm afraid to ask, bonnie. good morning. >> a brand-new threat happening right now. driving along i-40 and noticing the weather conditions getting worse, there is a reason for that. freezing rain advisory for areas in little rock, femme physician, springfield and branson in missouri. watching freezing rain continue throughout the morning. most

of 6-year-old shooting victim noah posner found a post online requesting donations to a personal paypal account. a complaint filed against alba claims she used text messages and phone calls. >>> out with the old and in with the new. the first thing that's got to go are some annoying words from this year. according to their annual survey on the subject, the poll finds that twitterverse is fifth most annoying word of 2012. other cringe worthy mentions are a bit more classic. just saying, you know, like, all taking the top spots f. for the fourth year running, whatever. we're guessing they'll be back next year. they are truly annoying. >>> finally, if you're heading back to the stores to return unwanted gifts, maybe you should take this guy with you. this tiny poodle may not have presents to return, but he sure seems to enjoy going along for the trip. a little bit kind of like "gangnam style." i think he's got that horsey dance going. now you just need the music and it would work. all right. four minutes after the hour. let's go back outside to maria larosa with a check of the weather. >>

liz: billionaire known for creating companies, names like paypal, yeah, that was his, tesla, space x,laying the ipo and cutting the share price. i spoke with the ceo and co-founder earlier at the nasdaq and asked why they brought the company to market under what appeared to be a challenging situation today. >> the impact the solar sector had and the challenges the solar sector had, specially in manufacturing, that stays with us the next two months, so it's important to educate them of who we are and then have them grow with us over time. >> yeah, and if i could add to that, we did debate heavily whether we should stay private or go public, and at various times we thought one way or the other. the final deciding factor was calls to institutional investors that we trust like fidelity and ask them what's their opinion, and they recommended go public now rather than the future. basest -- based on that recommendation, we moved forward. liz: work in your favor eventually that you underpromised and over delivered? >> oh, absolutely. if we meet our growth targets, and the investment community

they said last thursday they had their best day ever as well as paypal.caught up. >> how about the big pop in melee. little discussion about this whole pay feature. mer kad doe. >> all right. coming up next on ""mad money"" cramer has a brand new growth scheme south of the border. while we wait for washington to strike a deal, jim's making sure you're ready when he plays, am i diversified. plus wooin garten realty ahead with jim. we have your first look at tomorrow when we come back. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even

we ask for people to give about $15 when they donate a bike and we also have a paypal on our website wants to donate. >> that will help with the shipping. >> yeah. >> you guys need bikes. if anybody is getting a new bike this christmas, get your old one to these guys. there are several locations throughout northern virginia. the list will be on our website. you can also donate cash if you don't have a bite because they need help trying to get these over to africa. you have something else you want to say? >> the bike will make a difference to the children living in africa. so please, whatever you have, give your bike to the children and it will make their life different. thank you. >> it's an absolute great cause. these will are fixed over there and refurbished so people can use them and get around and everyday life will be a lot easier. winston, thank you. again this saturday don't forget to donate your bike or some cash. over to my partners at the desk. >> amazing the difference that one person can make and when we all get together, what a huge difference we can make. thank you, guy

now, a former executive and co-founder of paypal, also on the boards at yelp and director of evernotethis continues the shakeup getting more technically, technology focused here, up 8 cents but this is big news. back to you, ty. >> all right, brian, thank you very much. >>> scrambling to secure more coverage. sprint going after clear wire with $2 billion offer. paying a little less than $3 a share for it. after dish's plan to convert part ofity spectrum to wireless, boosting value to estimated $12 million. so why the scramble? simple, there just isn't enough spectrum to feed the growing appetite for it. >> with pictures and videos going mobile, and broadcasters increasingly finding their way into your smart phone, demand for a scarce substance, broadband aido spectrum may be 25 times greater than today in just a few short years time. >> spectrum is a finite resource. you only have a small chunk of spectrum can you used, so it is very constrained. >> chief technology officers were for the last 15 years, bell labs worked to find spectrum solutions. >> we have a growth problem 245 is abo

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this has been disrupted by new players like square and paypal and google.he stock has been hit, but our fund manager we talked to think it's been unfairly hit. any time an industry is being disrupted, that's a good opportunity. >> u.s. bancorp? >> this is an old fashioned bank. focuses on deposits and loans and wealth management. none of the other stuff that can get you into trouble. this is one our clients really liked. >> this year dividend plays have been huge. everyone is looking for income. they look to these companies that have a good yield. the two that came through here were ford and, as it happens, our majority owner comcast. >> yes. so ford, you know, the auto recovery story is pretty significant. it's still happening. cars on the road are older. the replacement rate is going to go up. with ford, it has a rock-solid balance sheet. its dividend yield, we think, could go up. comcast is interesting. not because it's the boss' of "closing bell," it has a new revenue stream in nbc universal, which is up 32% in the third quarter because of the olympics

places and companies that we try to describe an entrepreneurs in particular, here's a guy who founded paypalhere's a guy who's at the front of the tesla automobile. he's now moving cargo through space. filling the void that nasa has left. >> it's like watch what he does zblep's going to be the railroad magnate, early railroad magnate in another period of time. >> good luck with the issue. >> thanks very much. >>> i know you love coffee, ty. so listen up -- the countdown to christmas is just 19 days away an starbucks has the perfect stocking stuffer. they are launching a $450 gift card. it's made of steel. is the limited edition luxury item worth its weight or is it just a sign of status? shares of starbucks trading lower right now by almost a full percent. we'll talk about that story coming up in just a few minutes. >>> as we head out to a quick break we are losing our strength on the dow jones industrial average. we're now only up 100 points. we were up 130. here's a look at the biggest winners on the nyse with freeport mcmoran exploration on the up side. ♪ [ male announcer ] 'tis the seaso

or how about a mortgage from an onlime payment providing like paypal?ults after new survey, what does it mean for banks and consumers in the next half-hour. >>> a deal may be in the works involving two of the best known airlines. delta is in talks to buy 49% of virgin atlantic from it current shareholder which is singapore airlines. cnbc's phil lebeau is back with us from chicago again. phil, what's in it for delta? is it root structure? >> it is the root structure and gates at heathrow. singapore airlines wants to sell its stake in virgin atlantic. it has struggled for some time. they own 49% of virgin aen lick. the possible price here -- this is just an estimate at this point according to industry sources -- $1.1 billion to $1.3 billion. who owns the other 51%? we all know who it is. richard branson. for a couple of years now he has been weighing the future of virgin atlantic. this is an airline that despite all the publicity, it has struggled to really make a huge dent in terms of the bottom line for those shareholders. virgin atlantic has not made m

the paypal guy is one of the funders have it. this is where beautiful beauty journalist couldn't make it appear by the forces as milton friedman's grandson. they are trying to build c. studying, trying to build international waters, where no laws would apply. you could go and create your kind of world. there were actually some people make you quote them in my book. when obama gave his speech last fall, the one sordid evocative of fdr's commonwealth speech immediately a couple of investor knows that pointed out a new plan that had been discovered and suggested other rich people should move there because it wasn't going to be nice to live in america anymore. more than you would think, teresa. eyeing land sends, i think you got them in the foster for your comment that we give them so much. we are the innovators. and i have been to one other point. i interviewed gary gensler and he was speaking with great passion and pleasure about bringing transparency to the swaps market and how this is important because, for example, have there be

posner said he found a scammer online posing as the boy's aunt requesting donations to a personal paypal account. a federal criminal complaint filed alleges she used facebook, phone calls, and text messages to solicit money claiming she was paying for the child's funeral fund. >>> and now let's head to wall street. cnbc's mandy drury is at the new york stock exchange. good morning. >> good morning, natalie. we had a rally in asian stocks overnight with the japanese nikkei now up nearly 23% for the year. good if you've got a diversified portfol portfolio. obviously, fiscal cliff watching is front and center. that's key for the markets here. and did you like your holiday gift? well, about $63 billion worth of holiday goodies are going to be taken back to the store, but either exchanged or refunded according to the national retail federation. back to you. >> hopefully people still go out and buy. all right. thanks so much, mandy drury. >>> and soul singer has passed away following complications from a recent heart attack. bass was most famous for her hit song "rescue me," a bubbly pop tune

the ceo elan musk, who is also the co-founder of paypal and space-x says he will invest $15 million. that could attract other investors. >>> about two and a half hours from right now, the air force plans to return another -- to run another test of the experimental space test. there it is. it is being developed as an unmanned and reusable space vehicle. today, it lick off from florida on an atlas five rocket launched into space. an earlier test flight lasted more than a year. >>> a new federal report raises more concerns about funding for california's high speed rail project. the project is expected to cost $68 billion making it the largest in state history. the report says more than $11 billion have been identified so that leave as $57 billion shortfall. high speed rail supporters are confident once work begins, private investors will come forward. >>> sonoma county is giving more than $6.5 million to the smart train district. the sonoma marin area rail transit district asked for the money to buy additional cars and says that will allow it to run passenger trains. the money had been

have sort of come and taken your money surreptitiously, stolen your pass words, gotting into your paypalt unlock your machine. we've taken over your computer and locked it down. >> you literally can't use it until you pay. >> like a padlock on your locker, if you want the key, you have to pay us. >> one of the reasons it's so effective is because they're so sophisticated. the estimate is 2.9% of computer users fall for this. why? >> well, because they've got interesting social engineering going on. first of all they tend to put up these official what's called slash screens, a big fbi logo saying you've been locked down by the fbi. >> it's official. >> yes and you have to pay a fine or penalty because you've been doing something bad online, typically related to porn sites. if you don't pay the fine we won't unlock your machine. all this mumbo jumbo that looks official. that's a big psychological tool. secondly, people look at the official government logo and say i don't want to fool with this i'll pay them. that's not a technical thing. it's social engineering. >> how do you get around th

through paypal, through ebay?ay we're doing it right now between ebay and apmex, you get on ebay, you get the buyer protection plan at ebay which is only available on ebay and much better than anything else that is out there. and by virtue of using the ebay plat for, one that over 100 million people are accustomed to using we can bring that product right to you, any day, 24/7. 365. >> armored car pull up in front of your door? >> no, usually less obvious brown trucks or white trucks. deliver right to the front door. >> how does this work for apmex? how do you profit? do you get a fee for the transaction or some other. how does this benefit. >> ebay is a platform of course. is that what you pay for on the customer. >> everything is based upon that. spot prices are published. on it. ebay, center on ebay. see exactly what the spot prices are that they are based on. buy them at quarter of an ounce at a time if you so choose. there are 200 different products available at the apmex bullion center on ebay. all the people

citibank, wachovia, wells fargo, also e-trade and paypal also targeted.as the spring. no response from the banks we've contacted or the government, which monitors cyber warfare, cyber crime. >> so we have till spring to work it out? >> well, the fdic ensures your deposits up to $250,000. >>> republicans in the house have been warned santa claus might find them at the capitol for christmas if they can't get a deal on the fiscal cliff done before then. >> with coal. >> with coal all around, because they can't get a deal done on the fiscal cliff. we want to talk to congressman james langford, a republican from the state of oklahoma. nice to have you with us, sir. we appreciate your time. >> thank you. >> you have in all seriousness been warned not to make plans for christmas. what do you think is the likelihood in fact that a deal would be done before christmas, number one? and what exactly are they telling you to do or not do? >> at this point we've been told by eric cantor and speaker boehner just to hold the schedule through the rest of the year. that's t

fidelity, e-trade, charles schwab, paypal.ber security industry is watching. they have been monitoring these hacker web chat rooms in russia and at first they thought it was maybe some kind of a -- i don't know, they thought that it was fake and then started to looking into where whether we have this stuff on our systems. >> what are they saying, to make us feel safe? >> well, the government says -- there's no comment from the government. the department of homeland security is not saying anything. one bank says they take their security seriously. other banks haven't returned our phone calls. usually they don't advertise much about what they're doing or thinking about these malware things. they don't like to antagonize the hackers and they clearly are going to try to fix it. >> so what's the one thing we need to know about our money. >> we'll find out important data about how much people spent in november, the retail sales report. economists think it rose maybe 0.4% in november. retailers really want you to keep spending the re

we have trivial toys, pleasant enough in their own way -- facebook, twitter, paypal.ost: our guest is joining us from boston, jason pontin, editor in chief of the "mit technology review." there's a passage that he just to.luded you write -- "people say there is a paucity of real innovation ." there is that's out being directed toward certain things and not other things. guest: there is nothing wrong with that at some level. venture capitalists are market- driven, and so they should be. venture capitalism has only ever invested in a certain category of technology, is essentially digital technology or electrical engineering-based where the risk is fairly low and the demands are fairly low and crucially there is an exit within seven to 10 years. really big problems -- creating energy, curing cancer, caring during dementia -- they require large amounts of capital. they require the cooperation of more than just silicon valley. they require government funding of r and d institutions like stanford or mit. they require us to commit. host: the mit technology review starts by t

. >> they switch off their lights and i can pay potentially by paypal through the system that i hailed cab from. >> there's not one single app. we're opening up to the market. and different apps will do different ways. some will just charge you a surcharge to find the taxi. others you'll pay for the trip on the app. i think most passengers will want to put their credit card information into the app and they'll send that to the taxi. >> do you get a cut of that surcharge? i'm wondering how the city could benefit from this, if at all? >> the benefit to the city is if it's better for passengers, it's better for the city. >> how long do i have to stand with my arm out whilst taxis pass me with lights off? because someone hailed them halfway across manhattan? >> i think the main way people get taxis is the old-fashioned stick your hand in the air. especially during the day in midtown, downtown. i don't drivers will need this app to find passengers. there are plenty of passengers. this app will be most useful late at night, on the edges of the taxi service area. that way, a taxi knows there'