>> what paypal is doing is paypal is going through the existing point of sale and hardware and softwaret's out in the retail world, because we think that's the only way to get consumer ubiquity. we're starting in some cities like austin. you can go to austin today where in certain neighborhoods we're getting paypal accepted in all the restaurants, all the bars, all the stores. so you can go into a restaurant, you can sit at the table, you can order from the table and pay from the table. or you can order ahead to avoid a line. so we're building out our local footprint so we can provide that seamless consumer convenient experience consumers want. >> that's the holy grail. that's the last mile of being at a restaurant, which is what we want. now, i've been a huge supporter of paypal. i was taken aback last quarter when you ceo basically said -- i'll get his quote, a dramatically decelerating consumer for holiday. it looks as things have changed though. i'm starting to get a feel maybe holiday season is not going to be that bad. >> well, look, we don't know how holiday's going to turn out.

obviously the market knows this is the way to be able to expand paypal. >> paypal has got an enormousortunity. and we're really focusing on mobile payments. and braintree is serving a lot of these mobile payments, new mobile payments companies. many of which are mobile only. and so it's just another way investing in mobile to bring paypal both to the online and increasingly offline world. >> do you ever find that there's a conundrum here, visa, mastercard $90 billion, e-bay $67 and back out to cash. almost as if you're getting no credit for the marketplace business because paypal is much faster growing than those guys. >> here's where i agree, is it's an enormous opportunity. we used to just focus on e-commerce, which is a trillion dollar market. now with mobile blurring that line between online and offline, e-commerce and retail, it's a $10 trillion opportunity, both for e-bay and for paypal. so we think there's enormous opportunity, and we are doubling down our investment. >> and the retail experience has changed dramatically when you have paypal, right? >> absolutely. paypal is now

as far as how it differs from paypal, paypal is a way to settle a transaction that is relatively swiftand is enabling online transactions for merchants that really did change the world, but paypal transactions are still kind of wrapped up in the credit card network. but paypal transactions are still kind of wrapped up in the credit card network. to open a paypal account, you still need to give them credit card information. with bitcoin, you are taking this virtual alternative currency and using it directly for the exchange of goods and services you are acquiring. you are leaving the credit card industry, the banks, the national currencies out of the equation when you are using it. host: we have this message from twitter -- host: let me add to that, what are miners? guest: who will be using it is whoever wants to. there is this chicken and egg problem, because i am not going to use bitcoin if no merchants around me will accept it. for the merchants the problem is ash why would i go through the trouble of making it possible for my business to accept this if i do not see any consumers out

venture capitalist of paypal and saying all location.ferent mountains here to success. first on fox business interview with the chairman and ceo of what could be considered, not a hot name. oh, boy is the stock hot. henry schein's chairman and ceo. the company delivered 17 consecutive quarters of rising sales. the company has risen 50% over the past year. he is with us. adam: one week after a executive said, theater owners are stifling innovation at every turn. the online streaming company netflix buys its first original movie. could this mean mo are award gold for the company? coming up we'll bring you details. ♪ you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ theyey're the days to take caref to dbusiness..love? when possibiliti

they can fake a name that says paypal but they can't fake an e-mail address it would be from a bank if they have any issue it's not going to be over an e-mail. >> stay away from e-mail all the same can be said on networking sites. the user should make sure they know the person before clicking on the requests >> some of tracking software they can get argue bank account information some are more hamper full we'll get pop ups and i want to avoid those. there are many levels of protect your i s public works usually has a security looking for things you should have a updated advisor software. there are a lot of anti virus programs the number one free viruses program is microsoft security and microsoft has an invested interest for people to make sure their computers are safe purify you don't want to use easy to guess passwords and mix things up. you want to have a capital letter or a special characteristic like american people exclamation point and change our pass wood frequently every 6 months or so. be aware that anything on the public community someone else can be looking over our shoulde

the company's ceo says the focus would be on incorporating retailer reward points programs into paypal. e-commerce has yet to combine the practical nature of shopping on line with the social experience of shopping at the mall. and there could be more trouble for lululemon. shearness again. the retailer had to pull back yoga pants because they were too sheer. it cost millions in sales. and may have led in part to the resignation of the ceo christine day. now lululemon is fielding new complaints about quality. a number of consumer also say the pants are still too sheer and some are falling apart just after a few months of wear. which is not what you want to think about doing downward dog. you can't get into that. >> exactly. thank you very much, bertha. >> it is close quarters there, too. other people's problem there, right up -- yeah. guys in speedos doing yoga. christina loren is back, if you are going somewhere might want to take a jacket. >> cover up a little. >> a little more than a speedo this morning. that will get you going on a monday. we have a good looking start to the day wit

the founders of paypal went on to greater success. max leff ton is one of them.g mess on the east coast, the only saving grace rns it's a fast moving storm. >> gridlock across the united states. >> passengers we've spoken with say they are not taking any chances. >> i said, baby, we need to leave tomorrow. >> the challenge is how do you keep 190 planes in tear and on time? >> not only have a plan a, but a plan b, c and d. >> while investigators uncovered details of lanza's life, they still don't know why. >> susan rice was send to kabul to meet him face-to-face. >> the special grand jury will try to determine whether any other crimes were committed in this teen rape case. yesterday new charges were filed. >> how do you hold kids accountable if you don't hold the adults accountable. >> goldie-blox says their goal is to inspire a new generation of female engineers with some toys. a feud with some boys might steer them off course. >> he's spinning, using bad language. he's got guts! >> let me ask you a question, where you work over there at sirius satellite radio, d

>> well, we're going to have a mobile payment. >> paypal, right?> the solution for us is actually to take that pain point of settling the check and address that. just like we did for online restaurant reservations, you don't want to call. you want to make it online. you want to settle the check through the mobile app, very much so. >> that's what we're after. >> that would be just fabulous. >> and we're going to have that piloted by the end of the year in san francisco. >> it is the worst moment now when i go to a restaurant. it is by far the worst moment. that would be terrific if you solve that. >> we're working on that. >> one last question, could you ever do social? because mark benioff, i know you guys, i go to your website, and there you are, he has preached to me, i know we're going out to dream force, he's preaching, you got to have social, mobile, cloud. yelp's the social thing. can you do a social thing somehow? >> absolutely. we have a tremendous opportunity to layer the social graph on top of our review. >> really? >> we already have mo

it's called the wallet card because it's tied to a smart phone app that works like paypal. the card will be free with no monthly or annual fees. >>> shares of tesla have taken a pounding after a series of battery fires but owners of tesla still love their cars and a new consumererer port says tesla model s received the highest customer satisfaction rating of any car the magazine surveys in years with owners giving the score 99 out of 100. >> wow. >>> all this week nbr looked at troubled finances of big american cities. today, we looked at baltimore plagued by leaks, not leaks of information but water leaks as it faces a massive funding gap for insfrastructure projects. >> reporter: all this water and this and this isn't from a storm. it's from broken water mains. they call baltimore charles city, but the water system is c cursed. >> reporter: stephanie blake is the mayor. >> we had huge brokes. intersections are gone. >> reporter: on average, three breaks a day. >> every day in the city, somebody you know is dealing with a water main break. >> reporter: in this 284-year-old

first money into paypal?to get his take ahead of twitter's big ipo. dennis: and when rainbow sprinkles just won't cut it, next hour glow in the dark ice cream made from chemically-produced jelly fish. ♪ ♪ [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. ashley: i am adam shapiro. lori: i am lori rothman. an evaluation make it more expensive than facebook but with the fifth of these but users so far and no profit, is it doomed to repeat the same mistake? john molloy has an eye for investment, he spotted paypal before you heard of the company. here is more on his stick with twitter. adam: extreme emergency. that is what governor pat quinn calls is the's $110 billion debt burden. we will hear from illinois's largest pension fund, its teachers'

of those right and it didn't take long for the police to get down to business demanding people's paypal. to. you know where do you leave. where do you leave. just about an hour and. a room one hundred eighty thousand work permits are granted. according to mohammed this figure is too low. to address it so you need to conduct a survey as to how many migrant workers. if it needs a million workers you should issue a million work permits not a mere hundred thousand. it's believed around three million migrants are working in ninety four percent of the. issues creating a vast black market for cheap labor market. it looks like the british are still paying for the real life mutiny on the bounty islands at the center of the. millions of pounds of tax sponsorship from the u.k. and europe we'll explain morning few minutes. there's a dramatic surge in production in afghanistan this year with almost a decade of international efforts to stop the drugs. russia and egypt are negotiating what could become the biggest arms deal between the two countries since the cold war top officials from moscow includi

of those ranks and it didn't take long for the police to get down to business demanding people's paypal. you. know where do you leave. where do you leave. the raid on the outskirts of moscow in the stuff i was last just about an hour and so far police have rounded up thirty five individuals who don't have the correct paperwork. around one hundred eighty thousand work permits are granted each year according to mohammed this figure is far too low. to address it you need to conduct a survey as to how many migrant workers more scrutiny if it means a million workers you should issue a million work permits not a mere hundred thousand. it's believed around three million migrants are working in moscow twenty four percent of the illegally issues creating a vast black market for cheap labor markets some key to keep out of the sport not go to. moscow. she's become the face of the u.s. president shaky health care reforms and has the emotional scars to prove it is cyber bullying over her or wanted role in promoting a bar macare reaches fever pitch you can read about here in the story online also the

of those raids and it didn't take long for the police to get down to business demanding people's paypal want. to. know where do i leave. where do you leave. now the raid on the outskirts of moscow in this deaf i was lasted just about an hour and so far police have rounded up thirty five individuals who don't have the correct paperwork. around one hundred eighty thousand work permits are granted each year according to mohammed this figure is far too low. to address it so you need to conduct a survey as to how many migrant workers more scrutiny if it needs a million workers you should issue a million work permits not a mere hundred thousand. it's believed around three million migrants are working in moscow twenty four percent of the illegally it is creating a vast black market for cheap labor market this some key to keep out of the spotlight let's go to. moscow. now for some more news from around the world in a world update the deaths in the philippines from typhoon haiyan have risen again to over four thousand four hundred those are u.n. figures confirmed by a government agency despite u

according to the paypal receipt, a man named yu chi received our online payment.eting and secretly videotaped it. nice to meet you. he told us there was good money to be made selling copied art online. are you worried about the copyright in selling these paintings? the person who bought them should technically be responsible for copyright issues, he told us. then we told him who we were. we've come across a website called oilpaintingstore.com, and we purchased a painting. the money came to you. he claimed he had never heard of the website or received payment that would have gone through his e-mail. "i'm really unaware of this," he told us. yu chi said we should go to the largest mass producer of oil paintings in the world. 15,000 workers churn out $600 million worth of oil paintings a year. the majority are knockoffs. american hotel and retail chains are among its biggest customers. under chinese law, artists are only allowed to copy the work of other artists who have been dead for more than 50 years. but we commissioned four replicas of hobart's painting for less

of those raids and it didn't take long for the police to get down to business demanding people's paypal want. to. know where do i leave. where do you leave. now the raid on the outskirts of moscow in the stuff i was last did to just about an hour and so far police have rounded up thirty five individuals who don't have the correct type of walk. around one hundred eighty thousand work permits a growing to each according to mohammed this figure is full to live up. to address it so you need to conduct a survey as to how many migrant worker a small school needs if it needs a million workers you should issue a million work part of it's not a mere hundred thousand. it's believed around three million migrants are working in moscow twenty four percent of the legal aid is creating a vast black market for cheap labor market looking to keep out of the spotlight let's go to. mosco. in a couple of minutes from now insights into the surge of sectarian violence in iraq which claims thousands of lives each year stay with one life in moscow. the idea that heads of government think they can talk freely. w

with a snoopy keep using the platform to reach the table wine spends up to forty hours a day for paypal was the day practicing his age he enjoys the sensation of putting the ball was even if he doesn't get fully understand the rules. this fall the state's history the boy one day beat world champion. but what put him into serious training until he's at least seven or eight years old. and that's what we needed in disposing or nice the man fifty was time for stitching. julie's next the business and the a recently go beyond the ease with. can select two weeks in depth reports. this election people come. due to the special insight to looking at all the goal every saturday twelve fifteen pm palestine. we'll find out welcome to the business into you i'm all his calls and stokes frozen all prices fell this week on the news of a new pay deal between iran and six world powers the reigning government pledged to make its nuclear program or transparent in return. western powers relaxed some of the sanctions on the country. the deal was also seen to pique the interest of western companies and stay on

according to a paypal receipt, we found the man who received our online payment and set up a meeting videotaped it. he told us there was good money to be made selling copied art online. do you worry about the copyright in selling these paintings? >> "the person who bought them should technically be responsible for copyright issues," he told us. we've come across a web site called oilpaintingstore.com, and we purchased a painting. the money came to you. he claimed he'd never heard of the web site or received payment that would have gone through his e-mail. "i'm really unaware of this," he told us. he said we should go to a village, the mass producer of oil paintings in the world. 15,000 workers churn out $600 billion worth of oil paintings a year. the majority are knockoffs. american hotel and retail chains are among its biggest customers. under chinese law, artists are only allowed to copy the work of other artists who have been dead for more than 50 years. but we commissioned four replicas of hobart's painting for less than $40 each. u.s. law enforcement tells artists like clinton h

paypal, visa, western union, these are all examples of what is it about big coin and similar currencies? what everyone may think about big coin's prospect is safe to say it is a remarkable technical achievement. big coin is the first completely decentralize digital currency and is decentralized sentence that is unique. prior to big coin's invention in 2009 online currencies or insistence had to be managed by a central authority weather was facebook issuing facebook credits or paypal insuring transactions between its customers were reconciled. by solving a long standing conundrum in computer science known as the double spending problem big coin for the first time makes possible transactions online that are person to person without need for an intermediary between them just like cash. this breakthrough presents benefits for consumers and the economy as well as challenges to law-enforcement. because there is no central authority in big coin transactions there are a little too few associated with those transactions which benefit small businesses and prices for consumers and because big coin

advertisers will also include adidas, ben & jerry's, burberry, general electric, levi's, lexus, macy's, paypalstarwood. facebook declined to provide timing on when users would see ads from these brands. gabe slate kron 4 news >> catherine: still ahead at 8-30. dozens of stanford students are sick from a virus. how the school is trying to and -- 9-1-1 calls are released. as the investigation continues into alleged elder abuse at a castro valley nursing home. >> reporter: the full staff was not there as of right now no charge have been filed against the owner of the home but that could change in the weeks or months ahead. the lawyer basically told me that they were working on finding new homes for those patients. catherine now back to you. >> catherine: think you j.r. thank you! >> catherine: walnut creek police are investigating a strong arm robbery that happened in the parking lot of a popular downtown store. >> catherine: kron four's jeff bush is with us live with the detailsjeff? >> reporter: apparently up according to police a young man in his 20s came behind this woman knocked her down and

what shaken paypal a maddie martin and this is breaking the set off november fifth which means someone somewhere is voting today somewhere governor races are taking place in virginia new jersey and there are some interesting ballot measures like washington state attempts that requiring g.m.o. labeling jersey voting to raise their minimum wage and there's a marijuana legalization measure on the ballot in four. in maine these are all great initiatives don't get me wrong but what about the measure that openly lets you vote for your favorite corporation or super pac because let's be honest that's what we're really choosing at the voting booths is take a look at this map from mother jones that explains which industry is carrying the most weight.

. >>> paypal is trying to get customers to use its service at brick and mortar stores.llows you to use to pay from your phone if the business is set up to accept the transactions. they said it is quicker and easier. >>> this thanksgiving politicians in washington, d.c. are setting aside their differences. >> and coming up on ktvu channel 2 news at 6:00 p.m. we will see if the lines were worth it. we will check win ktvu's cara liu on this first round of gray thursday. >>> president obama expressed his gratitude for the men and women serving our country and thanked those for who helped others here at home. >> we give thanks to those making thunited states a better thanksgiving -- making the united states a better nation. that generosity is a central part of our american character. >> several were angry he didn't mention god in his remarks. >> because of the bravery of our troops and their willingness to endure hardships we are able to be at home with our families. >> he delivered the republican thanksgiving address focusing on gratitude for the military. >>> troops in afg

to open a paypal account, you still need to give them credit card information.takingn, you this virtual alternative currency and using it directly for the exchange of goods and services you are acquiring. you are leaving the credit card industry, the banks, the national currencies out of the equation when you are using it. host: we have this message from twitter -- host: let me add to that, what are miners? (202) 737-0002 who will --guest: who will be using it is whoever wants to. there is this chicken and egg problem, because i am not going to use bitcoin if no merchants around me will accept it. for the merchants the problem is ash why would i go through the trouble of making it possible for my business to accept this if i do not see any consumers out there who really want to use it? there is this chicken and a difficulty, but nevertheless a lot of people are already using and sell a lot of things online. the same question, miners, this gets more into the nitty-gritty of how the distributed network of bitcoin works. one way i like to think about bitcoin is lik

google's latest effort to take on paypal for the holiday season and catching fire, the latest hunger in theaters this weekend and dennis kneale will be here on the big money rollout of that film. the axe speaking of teams, the team audience movies and two retailers seeing mixed results, more on abercrombie and buckle with the buckle, what the stock is doing. nicole: let's look how they're faring at the moment and abercrombie has noted that teams are very fickle. they tried to change the inventory to a certain extent but there, on sales by down again so comparable-store sales, same-store sales dropping the the seventh quarter and wrote but we are seeing it up about 1%. bothell is down 1.1% but just to get back to abercrombie, trying to restructure to a certain extent especially in internet apparel area, they sell brands like diesel and gas which should help the long, online sales, same-store sales actually was a bright spot for buckle. that increased 12% to $22 million. that will be interesting of the holiday season to see how online factors into these retailers and other retailers. c

i think paypal is worth a great deal of money. that $64 billion captures the market of ebay. you have the market, you have the web service business, enterprise. you've got paypal, stub hub, you've got bill me later. meanwhile this company is one third the value of master card? i don't know. >> in terms of uncertainty going into retail season, best buy the biggest loser on the s&p, home depot the biggest gainer and we got lowe's tomorrow, jim. >> my charitable trust owns lowes. don't take this personally. the restructuring at lowe's is really working. if you want to enjoy, frank blake breaking down aisle by aisle what's above and what's below. they do geography what's above and what's below. if i was going to go into that business, i would just look at their call and just be in the above aisles. they are so honest. they don't seem to even care how much competitive information they give. remarkable company. always has been. built so la "built to last" is one of the great biography if is. >> tesla appears to be not a huge mover, jim.

usey, if you want to electronic payments, you are probably going to use a credit card or paypal, and that comes with fees, sometimes high fees. those fees are important because they provide things like insurance. -- your identity is stolen or something you received is not what you ordered, you can always have a charge reversed. centralized digital currencies are like cash which means there's nothing to reverse, but they are without fees. they are insured and morris puts it or not insured and less expensive. >> ok, thank you. mr. allaire. >> i think there are many issues around consumer adoption of digital currency. i will touch on a couple of them. we are of the mind that bitcoin as a digital currency offers a great potential to lower the fraud risk that consumers and merchants face on a day-to-day basis when we conduct payments. when we go into a restaurant and give our credit card out or we enter that information online, we are effectively giving out the keys to our bank account to every counterparty that we interact with. it should not be a surprise that we have seen dramatic grow

i mean, it sort of started off when i was thinking about what to do after paypal.ted in space. i didn't think there was anything an individual could do in space. it seems like the province of large governments. i started looking into it. i went to the nasa website to find out when we're going to mars because it seems like obviously that is the next thing after the moon. and i couldn't find anything. so, wow, this seems very strange. initially i was under the impression that we lost the world to do that. and i later came to the conclusion that i was quite wrong about that. i think the united states in particular is a nation of explorers. >> so you decide you want to try to do this. and do you look at it as -- why did you decide transport was the most important thing? >> that's the relatively easy thing. absolutely. >> so we could live on mars just getting there is the problem? >> yes. right now getting to mars is impossible. it doesn't matter what you do when you get there if you can't get there. so the first order of business is to figure out how to get there. it n

and i see more and more retailers using it but it ain't paypal. melissa: paul, it was going up and up. a lot of people were jumping on the bandwagon trading with it. a quick way to trade money like any other stock so to speak. it collapsed in april. now back up to -- >> almost 400. melissa: $400, based on chinese demand. there is a market. you talked with someone who lived off it, right? >> a couple lived for 100 days on bitcoin. they managed it but it was not easy. to fred's point there is not much to do wit beside speculate and trade. yes there are someplace that is take it but a very small percentage. to put the market for bitcoin in perspective, trading volume, it is very volatile. some days the trading volume is to the hgarian forent. tiny. some days 1/20 the size of that. very small market. melissa: fred, will the people see the money again the people who lost 4.1 million? >> no. they have a better chance going to mars. once they vaporize, there is no recourse and nothing to back it up and no one to chase down. the last exchange folded was 1

one of the main characters in the book is an individual who founded paypal and became a billionaire throughfacebook and he lives in san francisco and he's a libertarian and he has this interesting situation. he really is a believer in, you know, forgetting about the old tired structures. life is a bunch of individuals and society is individuals and you need to utilize this. but he also next the internet, the tech revolution, that coincided with a period of this and maybe the iphone is an overrated gadget. there's not many billionaires are willing to talk about it. he's a very interesting character in this whole world. >> don't you feel the changes in the tax code resulted in the ability to achieve the american dream and began this unwinding? >> another thing that began in the late 70s was dramatic progressive changes in either needed to be some changes because taxes on the upper brackets were at 80% during the eisenhower years and somehow those were still very process years. the 70s changed everything. i keep coming back to the 70s because suddenly businesses can compete, globalization bega

paypal, american express, just a few of the companies that have not allowed their users to actually be funds for gamble pentagon. some of the states slowly but surely starting to get on board. what are some discussions with payment companies to actually get that money to be distributed to you guys? >> it's a very difficult issue and an issue which is stopping good quality players, people who want to enjoy the experience of playing online actually having that persons. we do a lot of online transfers and so that is eradicating some delays in terms of credit card companies. you're quite right. we are seeing anything up to 50 % reduction. >> will you take bitcoin, by any chance? >> no, not at all. >> andrew, what about that? you heard details of some of the controls here. >> these controls are a joke. there's no meaningful controls. we know people who live within ten miles of a casino are twice as likely to be addictive gamblers. now, you put it in their house, you can imagine the carnage this will bring. the controls referenced, they won't do anything to prevent the addictive gambler from

more of a technology play because of paypal.ucks, okay, that's an actual out and out retailer. we know that. regions financial, a bank company. international paper, obviously the largest paper company in the world. and then blackstone. you know what, these are too much alike. they are both financials. this is private equity. you know what, this portfolio also needs a pharmaceutical. this portfolio, we sell regions and we buy j&j. "mad money" is back after the break. >>> tomorrow, kick off the trading day with "squawk on the street" live from post 9 at the nyse. >> i know you watch tv 4.5 hours per day. that's what actually america does. >> it all starts at 9:00 a.m. eastern. >>> don't ever say this market doesn't give you chances to get in at terrific prices, prices you may not even deserve. take yelp. last week i told you to be ready for yelp to report a terrific quarter and announce a secondary stock offering to fund its global expansion. that's what the company did, selling a ton of stock today that knocked the online yellow

these e-mailing cash to one another, square, and they don't -- >> paypal -- >> -- they don't want tooek it off. it's two things. it's an electronic payment system that's ingenious how it's created and this quasi currency people want to speculate in that i think people can ignore. >> you're not dismissing it outright as many of us are. the concept is there. but it's the execution and -- >> exactly. and i don't think -- >> -- lack of regulation. >> you said supply and demand is governing this. very important. supply is going to be capped forever at 21 million bitcoins. >> if you believe that. we have no idea who's behind this. >> it's already loaded into the computer system and they can release them? >> says who, michael? says who? >> one thing that came up yesterday that i hear from people is bitcoins enable a person to be anonymous. i'm wondering if this is one of the real positives we're missing. i've been a skeptic as well. i say, do you want to be paid as a bitcoin? >> they see it as a positive because they want to do things without being tracked but you could say it's a negative

you look at another example recently, david marcus became ceo of -- or the president of paypal, he hadxperience as a senior manager and put him in that role and he's done a fantastic job. i think smart people can adapt to big roles. >> rocky, thank you so much for joining us. john as always, good to see you. >> all right. we continue to follow the buildup to twitter. seema moody has news coming in. >> brian, investors are waiting to see where twitter prices, but we're starting to get a look at the variety of of institutions interested in acquiring twitter shares. i'm hearing asset management firm whatdell and reed, hedge fund kaxton, associated samlyn are putting in initial requests. asset management firms black rock and lazard capital said to be showing interest in investing in twitter. how much they want to invest would change. we're hearing waddell and reid is putting in a large order. that's the latest, back to you. >> thank you very much for that, seema moody. >> still ahead a whopper of a story. what burger king is now doing that could be its most axwressive swipe at mcdonald's y

. >> let's not forget about ebay, as well, one of the big three, as you mentioned, gets the paypal crowd, and boom. really interesting piece. provocative. we appreciate you coming on to talk about it. >> all right. thank you. >> marcello bavve. maybe this makes the fact that target just retooled their website all the more interesting. all the more important. when you realize the trends. >> listen to any consumer call, listen to gap, they talk about the ecommerce initiatives. i think all of them right now, and gap is a name that appears to be ahead of the forefront in getting out there. but i think it all goes back to mastercard. it depose back to the transaction volume, and it goes back to their digital initiatives, and it's confirmation, why it's on a 52-week high today. >> murph? >> one other point, if you're going to talk about advertising and people going out and buying from their cell phones, from their mobile devices, that's going to play into facebook's hands, because you've seen the revenue increase there they're getting from advertising. i think facebook could be a stealth winne

charles: i want bill harris, from paypal. you've seen this before. a long time. do you know how the script may play out from here and the stock and the company? >> well, sure. twitter's a great company. it has become as, essential to electronic communication as oxygen is to breathes but, if it's a -- breathing. if it's a great company that is not saying it's a great stock. right now it is trading at something in excess of 40, maybe 50 times multiple of revenues. that's much higher than google and facebook or linkedin traded at when they went out. so you have to think, you know, what is the price implying about the long-term benefit? a couple of other things, if you're thinking about buying an ipo in the retail market historically, just over decade, ipos have traditionally had average of 17% first day pop. we've seen a much bigger first-day pop here with twitter. that money does not to to you. that goes to insiders who were able to purchase before the stock was launched. you pay the higher price. and then if you look at the historical performance of n

we did not have the amazon or e day or paypal at the center of the way people buy or the way business-- it is totally different economy you need you to wills and data streams to track that lori: you will want to give too many secrets but what is the economist in doing wrong the way they look at the economy? >> i don't think it is right or wrong i just have a different approach that is more accurate because it looks at the rabil data and not through filters. i actually have legally the visibility to what is going on in the economy so i know it comes from the source and it is not a survey or a sentiment to go up and down whether or not the red sox win the series. lori: you are forecasting a little soft because wall street is looking at 125 with private cable you are expecting 119,000 but estimates are 125. you have been very accurate so why are you on the of lighter side? >> i think there is some giveback this month there is more flexibility because of the furlough people don't know how to interpret eyelet gap said jobless claims maryland and virginia and washington d.c. there was some

. >> after 30 days or so, paypal said hey there's no activity here. around and gave the money back into my husband's account and effectively canceled the sale. >> reporter: after repeated calls to clear gear to find out what happened she posted a report on rip-offreport.com saying there is no way to get in touch with a physical human being, no extensions work. fast forward three years the palmers received this e-mail stating they'd be fined $3,500 if the negative review wasn't taken down in 72 hours. >> we were shocked that somebody would actually attempt to do this because that's, it's ridiculous that anybody would tush around and try to extort us like this. >> reporter: have you ever heard of anything like that? >> never like that happening to the consumers because retailers protect the consumer. >> reporter: the e-mail cited this obscure nondisparagement klaus that says your acceptance of this sales contract prohibits you from taking action that negative imparts kleargear.com. legal experts warn more and more companies are adding this language in t

solar city is a renewable energy company baited in san mateo with investors that include paypal and teslaelon mosque. solar city has received millions of dollars in federal tax credits while losing more than $300 million in the past five years. but a company spokesman says the forces that drove solyndra into bankruptcy such as the plummeting price of paneling will drive solar city towards success. the spokesman says more americans can buy inexpensive solar paneling while becoming less dependent on government- regulated monopoly. >>> the state of missouri, cuted white supremacist serial killer joseph paul franklin. prosecutors say franklin targeted african-americans and jews, even claimed responsibility for at least 20 killings in an effort to start a race war. franklin add lited shooting larry flynt --@mitted shooting -- admitting shooting larry flynt, hustler magazine's founder. >>> back here at home, the east oakland youth group that organized the successful gun buy back program is today announcing plans for an even bigger one in the bay area's three biggest cities. the group helped get

. >> after 30 days or so, paypal said hey, there's no activity here.gave the money back into my husband's account. and effectively canceled the sale. >> after repeated calls to cleargear to find out what happened, jenn palmer posted this review of the company on ripoffreport.com, saying in part, there is absolutely no way to get in touch with a physical human being, no extensions work. fast forward three and a half years, the palmers received this e-mail appearing to be from cleargear, stating they would be fined $3,500 if the negative review wasn't taken down in 72 hours. >> we were shocked that somebody would attempt to do this. it's ridiculous that anyone would turn around and try to extort us like this. >> have you ever heard of anything like this? >> i have never heard of anything happening like this to the consumer only because retailers mainly tip the consumer. >> the e-mail cited this rare disparagement clause. yours acceptance of this sales contract prohibits you from taking any action that negatively impacts cleargear.com. more and more compa

we see paypal reporting that they're seeing uptick in online shopping.course doing online shopping more, right? ashley: it is hard to get someone these days. tough go to the store, get in the car, spend the gas money. find the parking space. battle traffic on highway when you can click away. >> shopper said like gearing up for a small military battle. it is funny, we're digesting and eating halloween canned and talking about christmas shopping. >> on october 30th, i do everything last minute, i went to do halloween candy for the kid and it was gone. christmas stuff was out already. i could have given out candy canes but i couldn't find halloween candy. ashley: trick-or-treat. tracy: what the heck. >> i'm confused. need a dramamine. tracy: they moved, halloween wasn't even over and we're talking about christmas already. ashley: will be july 4th before we know it. tracy: absolutely right. >> july 4th shopping? i don't know. you guys, we'll leave it to you to figure it out. tracy: too much. ashley: thank you very much. elizabeth macdonald. appreciate it. tr

there's paypal which is good. deposited, transfer money back and forth. there's other software -- i'm blanking on the name here. it organizes your online purchases. >> we want to lower interest rates. that is an important thing to do. go to the credit card companies but set up a bill pay calendar. >> this is key here. i'm a little bad at this but now i'm getting better. if you put on your calendar what you have to pay every month and you're seeing it -- again, key is organization. if you know what you have to pay, you can set up alerts, you know what you have to pay and it cuts down on the overdrafts and overcharges you might incur. >> adjusting the w-4. people don't trust themselves to be able to hold on and pay everything at the end there. >> right. me, too. that is why i at first we talked about setting up that savings account. this is a way, again, to put that money away. again, if you get in the habit of putting money away savings, you can do the same thing with a w-4. let me let everyone know out there, when

by way of comparison in 2012 paypal processed $145 billion in online payments. western union made remittances totalling $81 billion and bank of america made $245 trillion in wire transfers. thus, while a growing concern to date virtual currencies have yet to overtake more traditional methods to move funds whether for legitimate or criminal purposes. nonetheless to address growing concerns in july 2011 after a public comment period designed to receive feedback from industry, fincen released two regulations which updates several definitions and provide the needed flexibility to accommodate innovation in the payment systems space including virtual currencies under our pre-existing regulatory framewo framework. then additional guidance to further clarify compliance obligations for those virtual currency actors covered by regulations. in short they are required to register with fincen, put controls in place, and provide certain reports to fincen on suspicious activity. it is in the best interest to comply with these regulations for a number of reasons. first is the i

. >> what does it mean for the likes of coin wallet, google wallet, paypal, all these guys?ll, i think what it's saying is that people are finally getting comfortable using their mobile devices and smartphones to be able to handle the payment transactions that they used to handle with cash, and then started handling with their credit cards, but that it's just opening up a wider range of options for them to engage in commerce, whether it's online or in person, fully electronically. >> all right. we're also getting a big increase in wearables. i'm not sure why you'd want a smartwatch on your wrist unless it looks like a rolex, but anyway, google are coming out with something called a tattoo. what on earth is that? >> well, just this past week, people have been talking about some patents google's filed around this idea of a google tattoo, something that might go right on your neck, and it might do everything from starting to provide better tracking information on where you are to picking up your voice commands to interface with your smartphone or maybe your new smartwatch techn