with paypal. by the end of this year, through our discover partnership and our direct connections and paypal here, we'll be in 2 million locations in the united states and then driving to four. and this is the year where we're really working on consumer engagement. how do we engage consumers at point of sale? a small example would be the jamba juice app inside the paypal mobile. where you can now order ahead and skip the line. so we'll be taking consumer pain points like standing in lines or like, not having the coins to pay parking meters, other things in consumers' everyday lives and showing how paypal, used in the offline world, can help solve those pain points is and be an attractive way to pay offline, just as it is a leading way to pay on mobile and online. >> great stuff. >> we've learned a lot this year. >> he's still learning, folks, but the stock has been on fire today, up another 4%. thanks for joining us, john, very much. >> thank you, bill. >> you bet. see you later. >> boy, he's in a

the other great thing, use paypal. paypal is a great way. if you use ebay, you know.ypal, it's a third party holding the credit card information. when you buy something, they send the payment to the merchant, but they don't give your credit card information. gerri: great idea. come to the studio to sit down face to face. >> i will, looking forward to tennessee gerri: complement. thanks a bunch, todd. >> all right, bye. gerri: on this day in business history, back in 1928, american auto pioneer james packard died who built the first automobile in 1899 creating the automobile company three years later, the first car with steering wheels and were the first to use an h-pattern gear shift, the configuration you know that. they sold for $2600 and were the standard of american luxury way back in the roaring 20s. how pretty are they? owners included actor clark gable. next to the ford motor company, they were concerned the most valuable name in the auto industry. in 1955, packard merged with studebaker, struggled financially, and in a year, all packard plants shut down. in th

our next guest, the founder of paypal and the founder of both tesla and space-x., whether we want to go or not please welcome, elon musk. [ cheers and applause ] >> jimmy: thank you for taking time out of your very busy life to be here. i feel like you're wasting your time being here, to be honest with you. [ laughter ] >> it is late enough that it's not a problem. >> jimmy: i want to go over your many accomplishments for the audience. in 1983 at age 12, you designed a video game and sold it for $500. you quit the graduate program at stanford to found zip 2. then you sold it for $309 million. you co-founded paypal in 2000. you sold it to e-bay for $1.5 billion. you founded space-x. you co-founded tesla motors. you helped create solar city, you helped create eight spicy new recipes for panda express. [ laughter ] >> my proudest achievement. >> jimmy: why hasn't china kidnapped you yet? it seems like they would do that, right? >> there may be some risk of that. >> jimmy: so you're 30 years old when you get all this money from selling paypal to e-bay. what percentage

that may hurt paypal. i'm not recommending ebay here. the charts say the cards are stacked in favor of the casino stocks. with las vegas sands drawing the best hand, as a merger between the fundamentals and the chart, you know what, who am i to disagree? don't move. "lightning round" is coming up next. ♪ >>> it is time! it's time for the "lightning round"! i tell you whether to buy, buy, buy or sell, sell, sell. when i play this sound, the "lightning round" is over. are you ready skedaddy? start with david in texas. david! >> caller: boo-yah, jim. >> boo-yah, david. >> caller: hey, thanks to you, a while back i bought standard pacific corps, spf. i've been trimming the top off and playing with the house's money now. should i hang on to it? >> you stay in it. boy, was i ridiculed on that one. that's okay. it's my lot in life. it goes higher. kirk in missouri. kirk! >> caller: hello! >> yo. >> caller: jim, springfield, missouri. >> you bet, man. what's going on there, springfield? >> caller: just checking on

that may hurt paypal.'m not recommending ebay here. the charts say the cards are stacked in favor of the casino stocks. with las vegas sands drawing the best hand, as a merger between the fundamentals and the chart, you know what, who am i to disagree? don't move. lightning round is coming up next. humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exclusive products like optional better car replacement, where if your car is totaled, we give you the money to buy one a model year newer. call... and ask an insurance expert about all our benefits today, like our 24/7 support and service, because at liberty mutual insurance, we believe our customers do their best out there in the world, so we do everything we can to be there for them when they need us. plus, you could save hundreds when you switch, up to $423. call... today. liberty mutual insurance -- responsibility. what's your policy? ♪ >>> it is time! it's time for the "l

they want to partner with paypal, not to tax them.r with us moving them into our world so you can use your paypal account shows we're going to partner rather than add a feed or make it part of it competes in the new world. >> it is not just paypal discover what to partner up with, they want to be everywhere you are making transactions and transferring money. look for discover everywhere. it is all about making money in a mobile way, and we're talking about it here at the innovation center. cheryl: coming up in the next hour, shibani joshi will be with a gaming sites taking on companies like discover. also, if 1:00 p.m. continuing resolution or continuing dysfunction. lou dobbs joins melissa and lori on the stopgap effort to keep the government funded. coming up, how about taking an aston martin around for a little spin, just a casual date in your aston martin. and "tax pain." part four of our weeklong series, congressman john garamendi on how to keep people. this is a problem in this state. how to keep people from fleeing california.

and even ebay which owns paypall, but you have decided to take a different stance. >> with digital willw category of players come and we have to find them as digital wallet operators. some of those players will have a fee. yes. >> reporter: thank you very much. tracy: thank you, shibani. all right. it was this business stay back in 2006 that changed the social media world forever. twitter was born. web developer and businessmen ejector seat created the site of posting his first comment setting up my twitter. the 150 character micra blocking social network has become a part of everyday life with more than 200 million users sending more than 400 million tweets per day. a revenue of $140 million. establish itself as a leading channel for the latest news and conversation, some of the most popular tweeted events have been the 2010 world cup, arab spring, and president obama's reelection in 2012. well, created today, march 21st, just seven years ago. crazy. all right. still to come, some last-minute taxes for people of all income levels. and the students a gap. should uncle sam wreathing givi

. >>> news on paypal this morning.n that. >> ebay has been driving that company's growth. it hopes to fend off scrappy competitors. first they're releasing tools that should make itasier to use paypal within an app on your phone either by tapping on a button or scanning your credit card with a camera. they're testing new apis. david marcus trying to make a developer-friendly website so people can figure out how to work with paypal. the painful truth is that pain pal has earned a bad reputation with developers in recent years for being hard to work with. at the top of the release, announcing the changes, they actually say our tools haven't kept up with leading edge innovation the industry expects. that has a lot of competitors like brain tree and stripe to get a foothold in the new apps and services in the space. this is part of what david marcus has been trying to do since he took over at paypal a year ago. make the unit nimbler for the mobile era. paypal has to mend its reputation with startups if its momentum is goin

they should change the name of the company to paypal. don't want to hear about what channel checks are in the auctions business. it's irrelevant. it's moving the stock, what's moving the stock is future growth in the payments business period. >> all right. european markets closing now, 12:30 on the east coast. simon hobbs -- [ bell ] >> the european markets are closing now. [ bell ] >> as you see, scott, it is green across the screen. the fact that we've made gains on wall street has drugged the markets higher. only greece is in negative territory. you'll see the periphery, spain and italy, have rallied greater than others. good auction in spain at the long end. small auction, they came through. that the swiss national bank saying it would still defend one euro, 20 on its currency after more than doubling reserves to do that. we were led higher by the financials on the session. generale, the big italian insurer, came out with results. telecoms did well. morgan stanley coming out with comments on france telecom. led the pack with a gain o

count on it behind these are other tech firms and spin offs from bred says source such as twitter and paypal, online directorsy and is on demand transportation all head quartered right here in san francisco looks like a tech bubble you might say, well no doubt there will be failures in the future but new opportunities will easily be backfilled by the dna of innovation now etched in san francisco's economy these firms and more, will provide access to a mobile mercantile network of over 5 billion consumers in a few short years and the magnitude of the upcoming change to the bay area will be stung. we are still in spring training. once again, thank you mayor khan and mayor lee and we that i thank you for continuing to promote the company that is make it fun to live and work in our respective cities. thank you. (applause) >>> thank you dan those are some great visuals. let's see, i got a couple of more names so, to acknowledge for being here oakland city attorney barbara jordan oakland city counsel. pat concern ham. oakland port commissioner instead of butt inner and bryan parker and deputymary

spacex is run by paypal and tesla founder elon musk. >>> and now we are looking live at some clouds over the skies in san jose. but it was a pretty mild day. i did use my windshield wipers on my way to work early this morning, though, anthony. >> we had some fog this morning. in fact, we are still seeing some of that fog in some of the coastal locations. we even still have some showers that are still hanging around across central parts of california. you'll notice looking at the big picture we are not talk about any rain for the time being. once the cold front moves through, the winds start to pick up. here are some of the top wind gusts around 30 miles per hour in san francisco in the last hour. antioch about 20 miles per hour. so really 20 to 30 miles per hour wind gusts. and that's the cold air that is moving on in here. in fact, today, even despite the morning fog and drizzle, some locations managed to get up into the lower 70s. walnut creek, san rafael, those are the locations. and upper 60s elsewhere. but you'll notice what is coming our way. the places that got into the 60s and 70

the company's also planning to double the volume of its paypal unit to almost $300 billion. ebay stock closed up more than 4% to $54.22. >>> game stop was the top gainer on the s&p 500 thanks to better than expected quarterly sales and earnings. but the video game retailer warned of weaker than expected results for the year as customers wait for the rollout of new game consoles. still investors focused on the positive and shares jumped more than 5.5% to about $28 a share. >>> suzy, metro pcs is being sued by shareholders seeking to block its merger. earlier met repcs urged its shareholders to vote for the merger after iss, an advisory group, urged them to vote against the deal. during the trading day, investors bid up the shares of metro pcs on heavy volume, betting that t-mobile usa will have to sweeten the proposal. metro pcs closed up more than 3.5% at $10.90. >>> pvh which owns brands like tommy hilfiger and izod was the big loser on the s&p 500 today after warning that itzhak decision of warnicle will weigh on earnings for the rest of the year. pvh bought the company la

authorities which have been strongly denied by his paypal writes that some markets move in and that boris berezovsky was once russia's most infamous all agog the billionaire personifying the wild nine hundred ninety is in russia so if exiled in london where behave became known to the world after his mega lawsuit against a fellow or the government abramovich he lost the case as well as his fortune and now his life and i thought it came from. the military cries of brother is very soft began during russia's notorious privatization of the ninety's close to russia's first president boris yeltsin results cake wired large stakes in the leading companies across a number of industries including oil matters and aviation in mind to learn to seven he was russia's richest man and his wealth topped three billion dollars to understand how much money that was in russia at the time you can multiply this figure several times it was a period when the average one for the celery was less than two hundred dollars the self-styled king re-occur there is also he was shaping russia's politics and economy but he di

. >>> the man behind paypal and tesla motors wants to build a space port in texas. elon-musk is head of a space travel p c. space ports are in cape canaveral and brandenburg. he says it would be perfect because it is closer to the equator. musk believes a space port could be up and running in three years. >>> now to a closer look at an internet business that is thriving. websites are cashing in on mug shots like these and charging hefty fees to take them down. but the pictures may never go away completely even if the person is innocent. abc news reporter has this one woman's story. >> they legally download what they call booking photos from the on-line arrest regards -- arrest records and that the laws allow them to be shared with the public. >> i don't know how to express in words how devastating it has been for me. >> she says she feels like she has been violated twice, first by the husband who in divorce papers she claims repeatedly hit her, and then by the mug shot industry which legally published these booking photos from what she says was a false arrest after

paypal is still in amazing asset for them. dennis: it should be able to serve all kinds of sites.is the biggest part of the company. charles: the old ebay may go back to present dispensers and irrelevant. for shareholder value, i think you have a great point. in the meantime, there is an analyst day. they have been great catalyst for stocks. if you are in it, i would definitely hold on to it. i like the volume today. melissa: what you think about this record after record every day on the dow? charles: you know what, though, light volume has been the problem of this rally since march of 2009. it is not confirmed by volume. i think we have such a crash from 14,000 to 6000, we shook up so many sellers. there are just a few more fires and sellers. melissa: charles payne, thank you so much. dennis: as we do every day at every 15 minutes, let's check the markets. nicole petallides. nicole: let first take a look at apple. apple right now is up 1%. it is up over four dollars. some positive comments from one of the analysts. they raise it from a buy to a neutral. they talked about earnings

. >>> the man behind paypal and tesla motors wants to build a space port in texas. elon-musk is head of a space travel p c. space ports are in cape canaveral and brandenburg. he says it would be perfect because it is closer to the equator. musk believes a space port could be up and running in three years. >>> now to a closer look at an internet business that is thriving. websites are cashing in on mug shots like these and charging hefty fees to take them down. but the pictures may never go away completely even if the person is innocent. abc news reporter has this one woman's story. >> they legally download what they call booking photos from the on-line arrest regards -- arrest records and that the laws allow them to be shared with the public. >> i don't know how to express in words how devastating it has been for me. >> she says she feels like she has been violated twice, first by the husband who in divorce papers she claims repeatedly hit her, and then by the mug shot industry which legally published these booking photos from what she says was a false arrest after

i love the paypal business. i like it.tler coach that nobody heard about until they make it to the final four then everybody wants to hire him. i'm betting on the ceo. home depot. >> so this is going to be the tiebreaker. let's find out who you voted for on twitter. it was obey. the winner. you guys called it out there in our match-up. to see the full bracket, be sure to logon to cnbc and get in on the game by tweeting us. tell us which stocks you're p k picking. there will never be any ties because remember, four traders here, but you out there are the fifth. coming up, jane wells says hoo ray for hollywood without the hoo ray part. >> i am holding a collector's item and how close did lyndsie lohan get to an oscar? shockingly. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ from td amerit

there is a company out there, since 2010 they allow anyone 18 years old with a drivers been with a paypalo deliver a package for anyone else, this is already being done. neil: you might be right. like someone delivers a pizza, you have no idea who is coming to the door, walmart is smart but that part 2 b bothers me. >> i think for walmart, and solution to not develop the technology inhouse, they should look at companies like zip it and try to either partner with them or acquire them, to create the technology in a infrastructure that will cost way too much money, they or a positive streak, they reported positive revenues last quarter, and to use this money to develop a capax money to develop this -- >>. >>> let me say one more thing. neil: uri. >> one more thing, the other thing we need to think about, walmart for example every day as a bakery they throw away day-old goods, imagine, you as customer say would you mind dropping off day old bakery goods at the soup kitchen. this is a way to engage the customer, and i think if they do to right, they have do it right it would be great for every

i couldn't do financial transactions, checks, ebay or paypal, instant taking money out of your account and they tell me you can only take out a certain amount every month and we'll keep 40%, if you're rich. that's what people here are facing, the wealthy have their bank deposits. we can't say exactly what the rules are going to be but they're trying hard with europe to get rules in place before these branchs can even open, guys. >> so, jim, how are people reacting to this? how are they responding? i imagine there's panic and concern, especially for those who have a large amount of money in those banks. >> reporter: well the irony is people who have large amounts of money in these banks are probably not living here because this was seen as an offshore banking center, wealthy russians had money here. the mom and pops on the street they should be getting all their money back. still controls on their bank accounts for a couple of weeks. but the people with under $130,000 in their bank account, savings should get all of their money back. but of course, they haven't had access to money. shop

ceo tomm donahoe, says paypal which hit $75 billion this year and grow to the 300 billion by 2015. >>ceo crediting airline mergers for making airlines profitable. speaking at an aviation conference the ceo said mergers brought rationality to the aviation industry. that is the latest from the fox business network, giving you the power to prosper. liz: time for a quick speed read of some of the day's other headlines, five stories, one minute. first up google is planning to make its digital eye glasses in the u.s. with foscon technology group. according to sources familiar with the matter the eye ware will be made by the taiwanese company at its factory in california. >>> exxon cutting ceo pay following accidents. they trimmed awards relating to stock performances by 10%. trimmed.newses by 10%. >>> smartphone users check facebook an average 14 times atae. research by ibc says users spend half an hour per day on the social networking site. >>> wal-mart planning to close three superstores in china. the decision comes as the retailer looks to make strategic adjustments in the country with r

. >> the man behind paypal wants to build a space port which is in place at cape canavaral already.ay a texas location is perfect because it is closer to the equator ask believes the space port could be up and running in three years and could set the stage for human travel to space. >> rare sighting this weekend, a large pod of kill are whales from a video you can see there were 15 males including a small baby. the captain, captain dave said they rarely see such large whales figuring a group of dolphins drew the pod. >> queen i is getting ready to make a break with extra galveston, a move that is planting her right in the middle of a hot political debate. >> first, developing news you saw first on abc7 news. police and firefighters make a deadly discovery inside a bart station elevator shaft. >> live from the kgo-tv broadcast center this is abc7 news. >> good morning, 5:29 on this monday morning. i am kira klapper. >> i am eric thomas, the first monday of daylight savings time so don't be surprised if you tired. >> a grain of truth there. coming up on 5:30 and live doppler 7 hd is d

this this is the cco-founder of paypal. >>> the pink's average daily value at risk last year is $86 millionown 24 frers 2011. and the lowest level since 2005. shares are up 45% for a seven-year period. goldman sachs is taking risk with a public profile. new york magazine reports for the first time since 2006, goldman partner dinner is back and in early february, the bank held the black tie gala in manhattan for top 450 executives blues guestes with a gourmet dinner followed by a jazz performance. is this type of risk the bank should be taking? kate, to the actual risk first, your take. >> scott, i wouldn't put too much stock into the bar numberes. it is an interesting metric and certainly something that any risk manager or overall manager would look at. it is just one of many metrics a bank looks at where they are exposed. and the size definitely matters. what kind of positions they have on their books matter. it is quite possible that during period they were on the side lines along with other investors. they didn't see investments that they like. not necessarily that they add concerted dec

i think on ebay, though, the problem with the stock is that it's a paypal business with an add-on legacys that's not growing. channel advisers had a report last month that showed online sales are lagging significantly year-over-year, especially when compared to amazon. amazon seems like they're eating ebay's lunch online. go with disney, as well. >> i'm mr. irrelevant. >> yeah, basically. >> from beakers to me. >> yep. >> i'll take ebay because i plan on for the first time in my 49 years on god's green earth to use that ebay thing. >> what are you going to do? >> i'm not sure. >> do you know how to use it? >> no. >> it's a first for everything. >> ebay, but not that it matters because disney wins. let's see what twitter thinks. >> you picked ebay. >> guy and the viewers picked ebay, but advancing in this round is disney. disney's the winner here. >> why is disney at home and health? >> ask the executive producer john malloy who formulated these brackets. what is home and health? >> i think he made it up. >> but anyway, you did a good job, john. to see the pullback of all of the stocks in

falcon orbit earlier today from cape canaveral, space x is the creation of the co-founder of both paypalotors. and there is a problem. nbc space analyst joins us on the newsline. what is exactly is the problem? ? >> mandy, they launched on time at 10:10 a.m. falcon 9 rocket carried the dragon into orbit where it was supposed to be. once it is in orbit it starts chasing the international space station. it was to have gotten up there tomorrow morning. when they fired up their rocket thrusters that ne need to do this, they have four sets of them on the dragon. only one set would work. so they decided for a moment not to deploy the solar rayes because they need the solar rays to bring energy to the spacecraft. and they missed their first opportunity to leave the lower orbit and head up to the space station. as i said, they need two systems working of the thrusters to do that. but more importantly, once they get there, they need three systems of the four to work to get them and for docking with the space station.station. they are carrying 1,200 pounds of supplies. that's food and scientific s

spacex is one by paypal and tesla founder elon musk. >>> look at this. horses just running loose on northbound 680. that was in martinez about 2:30 this morning. the guy is looking for something to eat. the officers were able to round the horses up safely and the officers at this point are planning to turn them over to animal control to try to find an owner. we'll keep you posted on the runway ponies. >> perhaps a couple italian stallions out there. >> a "rocky" vibe. >> wake us up on a monday. >> ding-ding. >> the horses seemed calm. >> fortunately for everybody. >> maybe they are just waking up. >> right now we've got cloudy skies and maybe some mist in a few spots depending on where you are this morning. you see a bit of that around the santa clara valley. 50 degrees and low clouds acting like a blanket overnight. we're not too cold. no 30s on the map. not too bad to start. winds onshore pushing in marine air and extra moisture with low clouds all of the way into solano county this morning. cloudy skies to start. should be partly cloudy to finish late

a lot of talk about how paypal will not feature as promising as a new galaxy samsung., there's also concerns about the core business of ebay away from paypal and whether it is strong. i don't want to touch it. i think the money's been made in ebay. i like the company, i like the management. but the stock's been an incredible perform person let's find things that haven't been. >>> the dow aiming for a perfect 10. the blue chips looking to keep their winning streaks going, set record highs in the process. account s&p tag along. opening bell in just a few minutes. recognize me. but i am your market data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarter now. and so much less expensive. i am your market data. and if i do say so myself, i have never looked better. superderivatives introduces dgx. data done differently. lyric by phonak is the world's only 24/7, 100% invisible hearing device. it's tiny. but that might be the least revolutionary thing about lyric. lyric can be worn 24/7 for up to four months, without battery changes.