technology .as us eating very competitive >> entered paypal. company is ready to a group of small businesses to help test its new hands-free payments system. >> we are trying to make payments disappear for people who want them to very >> beacon offers a slew of features for retailers. it can send messages for customers who use the paypal app, but the special offer or sale. you walk in with the hands-free mode and you do not have to take out your wallet. class you walk in the store and focus on what you buy and when you're ready to pay, your name disappears and they just charge your paypal account. has been working with paypal for eight months. >> when a customer -- you do not have to exchange credit cards. that will save us a lot of time and focus more on consumer -- testing in currently the u.s. and australia. ofobviously, we know a lot layers are interested in this area. square would be another. it comes down to ease of use. does it not take a lot of power out of your phone when you try to make it altogether? >> there are a lot of players try

paypal is focusing on a small device that can make a big difference to brick-and-mortar retailers.takes hands-free payments to the next level. jon erlichman is with us now from l.a. you look at how businesses are putting this to work. how? >> we know that ebay, the company that controls paypal -- both of those companies are obsessed with the idea of mobile commerce, facilitating that commerce, but it's easier said than done to go to stores and pay without pulling out your wallet. that's why they have been pushing beacon. here is more on how it works. the process for making parisian macaroons has not changed much since the 18th century, but inside this palo alto store, there is a high-tech revolution. >> we are a very traditional-based business, a small business, so technology allows us to be very competitive. >> paypal is turning to a group of small businesses like this one to help test beacon, its new hands-free payments system. >> we are trying to make payments disappear for people who want them to disappear. >> about the size of a pack of gum, it offers smooth features for retai

, because that's where all the funds are. >> reporter: regarding paypal, there is no evidence that paypal financial information has been compromised. it is stored separately and encrypted. but the passwords that hackers got may be infinitely more valuable. >> if i now have that person's password, maybe i can log onto their bank account, their credit card, you know, account. i can send them very legitimate-looking phishing e-mails that collect more information. >> reporter: but cyberattacks are on the rise, and barracuda networks say companies have to invest in security and customers have to stop using the same passwords for everything. >> every now and then it's going to happen, and we have to expect that we have to do something different. the second thing we have to do is manage our passwords a bit differently. >> reporter: he is going to start by changing his passwords more often. >> i probably don't change them enough. but it can become very cumbersome. >> reporter: it certainly can be hard to remember all those passwords. but security experts say it is worth changing them quarterly. v

. >> it is comprised of , amazon, ebay, google, paypal. you?hat stood out to you have been working on this for weeks now. >> i'm looking at the risk factors. we could not get that earlier. i was curious what they would point out and how it compared to other chinese companies that have gone public. they emphasize the role that the government played in their business and how different the chineseat government can make an impact their business to a large extent. one of those is the structure that i'd know we spoke about a few days ago which is essentially a contract between u.s. shareholders and the company that can be dismantled without much warning. then the holdings are virtually worthless. that is common among internet companies that list in the u.s.. other risk factors include the culture. they need to maintain a strong culture. it's a large ecosystem and we got some clues into the massive scale in today's filing as well as the growth. all of those things are really interesting and important than things that investors are also paying attentio

is it say it is the paypal of china -- is it fair to say? is different in that it is an escrow based service. you can wait until you actually received the product to pay him the funds are not released to the seller until you guaranteed it has arrived safely and you are satisfied. there are a handful of other ways in which it differs but it serves a similar process that paypal would on ebay here today. >> crawford, how much does this idea of how much we can trust jack ma, the alibaba team, how does this play into your assessment of this company's potential? >> from my standpoint, i don't think trust is the right word. this is a company that has grown substantially and is doing business with many western brands. it's more about clarity, understanding the rules, understanding what's possible. i will be the biggest challenge. how do you communicate with the rules are here versus what they are when you invest in a company in the united states or one that's in europe. that will be a big challenges. tell me what the rules are and we will play by th

would always be paypal -- will it always be paypal?te aho can full value system so that from a consumer to the merchant is a very integrated experience, it will be similar to the music industry. when apple came out with the ipod, they created an experience that was beneficial for everybody. we need somebody to do that mobile payments. >> has anybody come up with the ipod for mobile payments? >> not there yet. people -- paypal has an early lead. >> what about apple and google? google wallet has not been super successful so far. they are the two giants. >> my bet is that apple is very well-positioned to this -- to do this. i think apple is an eventual winner here. when it happens, i don't know. >> why? >> they own the consumer experience. they already have the phone, the wallet. they will be able to come out and figure out a way to work with the banks just like they did with the record labels and figure out an experience that creates valley. notome record labels were too happy about the way it worked out. thanks for joining us. how can t

>> reporter: ebay also owns paypal. but says those accounts were not affected. cyber crime experts say it's not enough to simply change your e-bay password if you use the same password on multiple sites, including e-mail, you should change all of them. >> we're racing to change passwords before the bad guys can use them. >> reporter: another breach that could create problems for consumers. peter alexander, nbc news, washington. >>> there is word of yet another recall today by gm. this time it's more than 218,000 small cars. most of them chevy aveos from the model years 2004 to 2008. gm says a faulty part of the daytime running lights could overheat and cause a fire. since mid-february, gm has recalled on average almost 1 million cars a week. >>> still ahead tonight, hidden fees, extra charges, cancellations. new rules announced to tackle some of the biggest complaints for air travelers. >>> and later, a song that has so many people getting happy.

e-mail subsidiary paypal said it was not affected by the breach. saying, in part, extensive forensic research has shown no evidence of unauthorized access or compromise to personal or financial information for paypal customers and that paypal does not share information with any of its merchants, including ae bay. reporting live in san jose, christie smith, nbc bay area news. >> all right, christie, thank you. >>> well, students and faculty are back in class at san jose's bryman college. the vocational school was forced to shut down on monday after it fell behind on its rent. the property owner says that bryman's parent company owed about $80,000. last night the school's president announced the dispute is now settled, so students were notified to return today. many say they're glad to be back in class. >> at first it was stressful, because, you know, we're paying money and it's coming out of our pocket tuition, and we're doing our monthly payments, but, i mean, since they reassured us that we would be back wednesday, you've just got to have faith. >

paypal has an early lead eerie -- paypal has an early lead. >> what about apple? google?re the two giants, or potential giants. winner, id to pick a think apple would be the eventual winner here. i think they are the 800 pound gorilla. they own the consumer experience. they have the wallet. they will be able to come out and figure out and into in that creates value. managing director at menlo ventures. thank you. disruptthe government the technologies? elon musk is fighting battles on three fronts. >> i'm emily chang, and this is "bloomberg west." just two days after suing the federal government, spacex has won a temporary injunction barring the government from buying russian rockets from the joint lockheed martin venture. spacex accuses the government of creating a monopoly by shutting it out of the market for military satellite launches. and they also warned that using russian rockets my violate sanctions against russia following the invasion of the crimean peninsula. it's only one of the bureaucratic battles elon musk is facing. he's also challenging various branches o

sot yo soy uno de esos programadores desarrolando la experiencia para los clientes de paypal.sar ---vientos, pronostico para la semana, javier. take pkg take pkg cesar ---pausa comercial ---pausa comercial pero al regresar, take vo ---en un reportaje especial, conozca un negocio que muchos consideran inmoral pero que continua ganando clientes cada da.. take vo - blanca ---y una de las actrices mas populares del momento se une a la familia "telemundo", no se pierda la entrevista.. take juanfra live segment ends end view informan que han capturado al puma que fue visto merodeando en la avenida "rengstorff" ---el felino se escondio debajo de un vehiculo en un complejo de apartamentos ubicado en la calle california y ya fue tranquilizado.. ---la policia dice que ya no hay peligro y que los residentes en la zona de "rengstorff" pueden salir de sus hogares. blanca ---muchos desconocen sobre un negocio que pocas veces abre sus puertas a las camaras de television, se trata de ...empleadas domesticas que seducen a sus clientes. cesar ---telemundo pudo captar paso a paso un da de trabaj

sot yo soy uno de esos programadores desarrolando la experiencia para los clientes de paypal.tra segunda parte de "abriendo camino, creando esperanza" estos tres jovenes latinos nos hablan sobre su exito profesional y como se han mantenido consiguiendo sus sueÑos. katherine orozco, noticiero telemundo 48. cesar --las cenizas de los difuntos se han convertido en un problema ambiental, segun la municipalidad de oakland. take vo --oficiales gubernamenta les advirtieron que el crematorio ubicado al este de la ciudad y por el que pasan mas de 3mil600 cadaveres cada aÑo, aumenta la polucion notablemente. --los propietarios del crematorio planean reubicar la instalacion del area de "emerville", donde actualmente funciona, a la avenida 98, cerca al aeropuerto. cam 2shot blanca ---un reporte revelo hoy todas las calamidades que se esperan por el cambio climatico. pitch - cesar ---el informe fue dado a conocer por la casa blanca y se advierte que las catstrofes climticas que se han visto recientemente en el pas son apenas una probadita de la furia de la naturaleza... roll open under ---

. >>> one of paypal's top executives is out of a job after a bizarre day-long twitter rant in which he targeted coworkers. he was hired as director of strategy at paypal just two months ago, but then reportedly started trash-talking his workers online, saying the vice president of global communications is quote, useless. his latest tweets, some as recent as yesterday, were simply incoherent, asking one follower to ask if he was okay. he insists that he quit before he was fired. >>> a san francisco landlord is making headlines over a letter sent to tenants. on a blog, a building owner reportedly told resident that is they must prove they earn at least $100,000 per year and have a credit score in the 700s in order to qualify to live there. the letter is generating so much buzz, city housing officials are now weighing in on it. they say landlords cannot legally re-screen their residents. people posts on the blog are calling that letter harassment. they say the landlord is banking on tenants, not knowing their rights. >>> today lots of employees at san francisco's twitter went from rich on

>> well, in fact, paypal commented to the sydney herald.they said, if you have paid it, they will refund your money. but there are thing can you do if you have been hacked. if you have a pass word, enter your phone, using your pass word. that will override the lock through eicloud. you can gain access and unlock your phone. if you don't have a code, you can go to itunes and reset to factory settings. contact apple for more support on that so you can gain access to your phone. but don't pay the money. >> many people have everything in the cloud. pictures, videos, yo -- everyth is in a cloud. you need a good pass word for the cloud. >> yeah, in fact you do need a good pass word. don't use the same pass word on multiple accounts. whether you have ebay or another account. what they are saying is if you use the same pass word for multiple accounts and let's say ebay gets hacked, they they will try to go into icloud and use the same pass word because so many of us use the same pass words. so use different pass words for different sites. and if so

. >> ebay does own paypal. the payment company. but ebay says paypal data is stored separately so you shouldn't have to worry. if you have a consumer question, go to kpix.com or call us at 888-5-helps-u. >>> the feds are telling airlines it's time to fess up about all those hidden fees. passengers often get lured by cheap airfare only to find out later about the extra costs. now, the department of transportation wants those costs disclosed up front. it covers checked bags, carry- ons and advanced seat assignments. airlines are pushing back. they say it could mean higher fares down the line. the rule could become final next year. >>> millions of americans may no longer get mail delivered to their doors. a bill is proposing to convert up to 15 million addresses to communal or curb-size boxes. one lawmaker projects it could save the postal service $2 billion a year. >>> well, they thought they had it all worked out in the north bay. brand-new multi-million dollar swimming pool now the problem is no water. kpix 5 reporter don ford on w

then he claimed to quit paypal. paypal responded on twitter saying-- rakesh is no longer with the company. adding-- treat everyone with respect, no excuses, paypal has zero tolerance." for his part, agrawal blames the issue on a new phone. he says he was using a new phone he bought to test the experiences on an andriod. and that those messages were meant for a colleague. coming up on the kron four morning news. we go giants highlight-- we got a's-- but what do some golden state warriors player have to say about coach mark jackson's future? that after the break. giants and pirates battle for five and a half hours tonight tday at 4:05 in pittsburgh pennsylvania giants pirates yusmeiro petit starting in place of matt cain who was placed on 15-day dl with a put his cut on his right index finger bot 3rd, 2-1 sf petit - gives up a 3-run bomb to pedro alvareza no doubt about it job as pirates take lead 4-2 pit petit: 4 1/3 ip, 9 hits, 8 runs giants rally after trailing 8-2, giants rally all the way back top 9th, 10-9 pit,

. >> i would say paypal, too.ata is still protected. but if you've got the same password there, smart idea to change it. >> another story. three online items sold or one in three online items sold on auction or blog sites may well be stolen goods? >> yes. this is a new report from the national retail federation. and we're talking about specifically items that are listed as new in box or new with tag. so things you think are brand new. >> they've been lifted off the store shelves. >> they have. it's part of this big -- >> off the back of a truck or whatever. >> people should care about this because you've got on the one side of things, rising prices because the stores have to except for that lost inventory somehow. if you're buying it, a lot of these thieves don't particularly care, they'll fudge the expiration dates, keep things in really high temperatures so you could be buying something like expired baby formula. >> how would you ever know? >> that's the thing. there are a couple of red flags you want to watch o

--nese consumers can even use their alley pay, just like paypal but even easier, to buy directly offhe mobile device, which cory mentioned, but also off of desktop. it allows them to take advantage of the 20% of commerce market they do not currently control in china. many of those purchases happen through alley pay as well. lastly, it allows them to increase their margin. now, when products are bought and sold through alibaba, they do not just make their money throughout the product sale or the advertising. they also make money off of providing the payment mechanism on top of that. >> there was a big to do we talked a little bit about yesterday. he says he had no choice and had to do it because of chinese regulations. when you look at the f1, we find out softbank and yahoo! agreed to vote their shares in favor of alibaba board members. does that signify they completely trust jack and there are not lingering issues between them? verify. and we will use the ronald reagan cold war notion there. what we see is these guys have an interest in getting the deal out and getting liquid in the

paypal said as of right now based on this evidence no paypal financial information, credit card informationompromised. remember, that information is stored and secured separately. it's encrypted, so as of right now, kelly, no financial information from ebay or paypal has been stolen. >> okay. here's what i want to know, you guys. first for more reaction let's bring in, if we could, the president and ceo of temmon and company. to what extent is the onus on companies to make it clear in any kind of case like this to the public, to people affected, what is going on? >> the onus, kelly, is way more than they want to admit, i think. they have to let people know what's going on as early as possible and that's generally at variance from what the security experts tell them so security experts tell them take as long as you want, understand it, circle it, make sure that it doesn't go further and, therefore, they are keeping all this information from the public and you don't know what to believe. >> exactly. that's what i'm wondering. do you think we'll have to start evolving towards some kind of stan

>> paypal has an early lead, but this is going to be fought with amazon, apple and microsoft.at about apple and google? google wallet has not been super successful so far, but they are the two potential giants. >> i think apple is very well-positioned to do this, especially given the position in mobile. if i had to pick a winner, i think apple is the wonderful the 800i think they are pound gorilla. >> why? >> he does they own you. they own the consumer experience. i think they will figure out a way to work with the banks like they did with record labels. >> some of the record labels weren't too happy about the way it all worked out. thank you for joining us. >> thank you for having me. >> how can the government disrupt disruptive technologies? elon musk is fighting bureaucratic battles on three fronts. we will have the latest, next on "bloomberg west." ♪ >> i'm emily chang, and this is "bloomberg west yuriko just two days after suing the federal government, spacex has won a temporary injunction barring the government from buying russian rockets from the joint lockheed martin v

liz: ebay's paypal unit.y have 70% ability to generate mobile payments there. >> ebay should be worried because of the payment scheme. if they wanted to expand this globally, the primary focus is china but if they want to go beyond china to have a real advantage and they have proven they will get payments to work in a region where 50% of the population is not online, that is really important because that is where the most opportunity is with these emerging markets. liz: it is interesting to have been in on the early part of that. former head of yahoo finance and coo. and giving it a very healthy rating at least at the moment. supposed to go public sometime in the summer. the closing bell in 38 minutes. breaking news on herbalife, more on this at the center of the war between bill ackman and carl icahn. one short, one long. charlie gasparino giving us that exclusive a new era of health care with the biggest between pfizer and others. who is next? which sectors are poised to move ahead? who better to ask than c

another one is digibyte, a pretty serious competitor to paypal, i think. got a great development team, and then of course there's nautilus coin, which you are all free to use anytime. that's free as well. [ laughter ] >> bitcoin has had its problems. >>> but down more than, what, 1100? >> it's volatile. we have a fin float. on the popular media is going to cause volatility. the dollar, right? the precursor of the dollar was a continental note. that was volatile. it went from par, redeemed by the government for less than 1%, and now we have the u.s. dollar. >> a sack of them as he rode through massachusetts, but that was a long time ago. the u.s. dollar is not exactly insecure. >> well, the u.s. dollar technically is significantly more insecure than bitcoin. if you look at it from a technical perspective, you know, the u.s. dollar has been -- you have a digital dollars, they're easily stolen, easily rehypothecated. you can't do that with a block change. >> bitcoin's technical structure is so far untouched. from a secured perspective. >> maybe just teething

the oncology movement is a niche, peter teal, the founder of paypal has supported it. it is something we should consider. >> can you explain what the uncollege movement is, and are the effects really the same for everybody with that work for somebody - let's be honest, who is white as opposed to somebody who is black. would the effect be the same. >> absolutely. >> it was starred by dale stevens with founding from the teal foundation, peter teal who started paypal - he put a lot of support into it. it's an interesting programme. but peter tael in the film ivory tower admits that it works for students who have an extraordinary gift. they are people that want to start an internet company or have a passion to pursue outside the structure of school. he does admit for less advantaged students it's not the april, going back to carnovale study about blacks and lat eenios, and other who are not able to get the access to more selective schools. in carnovale, it shows if you go to college, you still have a premium, a wage premium over your life. we see that median earnings for s

telling the owner, to send money to a specified paypal account. in order to unlock it. so far, these hacks have only been reported in austrailia. to protect your device, kron 4 tech reporter gabe slate suggests. you turn on the "two- step verification" in your apple i-d settings. students at oakland's bishop o'dowd high school say, they are a group of students in oakland. is seeing a little more clearly today. thanks to the help from the state attorney general and an oakland a's baseball star. oakland a's - 2nd baseman eric sogard was at franklin elementary school today. he started the "nerd power" movement in the bay area. because of the glasses he wears while playing. he partnered with california attorney general kamala harris. and "vision to learn". a non- profit that provides free eye exams and glasses for low-income kids sogard says, he's happy to be a part of the program because its important. and he wants to show children. they can be cool and wear glasses at the same time. an estimated quarter- million children in california public schools need glasses. in sport

stuart: why can't paypal with any other payments system operate in precisely the same way that have a came out this week saying they are looking to integrate bitcoin into their payment process, bitcoin is decentralized, nobody owns it, paypal has owner and shareholders responsible to somebody but because bitcoin is centralized nobody owns it, you cannot discriminate which is a problem with the financial system. and access to it, for every reason they get to a bank, bitcoin, anyone can use it as long as they have access to the internet and raise a lot of people out of poverty. stuart: i am worried about the drug dealers and money launderers who i am told, and they have the bankruptcy of mount gawks in japan. are you sure that bitcoin is a solid operation on the up and up? >> i have written about this extensively, the bitcoin community hasn't done the best job explaining these issues to the people. as we do with mount knocks -- mount gox, 1% of transactions, legal finance is done in bitcoin, the department of justice and the irs both testified in front of the senate homeland security co

we're also going through to see they also believe that alipay, their version of paypal could be a riskthat was spun off. many analysts expect that to be spun back into the company to further increase value of those shares that we will see get listed. we don't know yet, if it is going to be nyse or nasdaq or what that ticker symbol is going to be just yet. no information on the filing there. but, again, one billion dollars is what they're looking for with that number slated to change. i'll send it back to you guys. david: jo, are they at all sensitive? we just dealt with whole deal about bailout of chrysler going to an italian company. they are essentially a chinese company using western capital. i mean that's why they're here. not because they're planning on expanding or are they into the united states? >> there are plans to expand. there are a couple of companies that they have actually acquired or they actually invested in here in the u.s. so there is major expansion effort for alibaba. you are right, dave, it is a chinese company. in that respect they are subject to chinese rules an

the whole paypal spinoff has been something misconstrued and i think misunderstood. but some of the parts, this was paypal at about $30, a $65 stock, take out the $2.5 they lost. either share repurchases or if you believe the other side will be a negative m&a event. you're at one year support, bounced here a number of times, but valuation, same thing i don't like about netflix is what i like about this, 14 times 2014 estimated. a company that is a real business and growing in latin america. >> may feel like old news by now, but find out why apple executive is getting excited about the pipeline. that's next. and from iphones to blackberry, that stock rallying on comments from john chen. whether or not you should buy that stock or not. [ chainsaw buzzing ] humans. sometimes, life trips us up. sometimes, we trip ourselves up. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... to sp

vo al igual que francisco y alfredo, los unicos dos latinos en el departamento de ingenieria de paypalimado frente a la primera puerta que se cerr, sino al contrario, han seguido tocando puertas hasta que una se abra. sot francisco sin duda alguna no creeria que es por falta de capacidad, sino por falta de que muchas veces la gente piensa que es mucho mas dificil llegar a ese punto de lo que realmente es. alfredo normalmente lo que nos mantiene con personas de diferentes nacionalidade s, lo que nos deja trabajar tan bien es la pasion por la tecnologia y por lo que estamos desarrolland o. vo en lo que coinciden estos tres jovenes es en que... la perseverancia y la pasion por lo que hacen los mantiene fuertes a pesar de las dificultades... sot francisco hay muchas oportunidade s y la gente latina tiene muchas capacidades y un gran potencial que vale la pena desarrollar. vo alfredo asegura que la educacion lo ha llevado al lugar donde esta hoy a sus 25 aÑos, este ingeniero de sistemas predica con el ejemplo. sot francisco la educacion es muy importante, especialmente en tecnologia, hay ta

the security breach may involve 145 million users. ebay owns paypal, as you might know. it says those accounts were not affected. >>> up next, the best team in all of baseball is the oakland a's. >>> and president obama, talking about the 49ers. >>> good evening. bounceback for the giants from last night's heartbreaker at coors field. but the victory comes at great cost to the g-men. matt kane on the hill in the third. strikes out charlie blackmon cain would not return. now, 5-1 giants in the ninth. casilla, grounding the ball to short. a hamstring injury for him, as well. both pitchers getting mris tomorrow, clouding the giants' 5-1 win tonight. >>> a's and rays. a's offense carrying big bats. top fourth. brandon moss, lighting up erik bedard. 3-0 lead on the only hit of the entire game. oakland, fourth in the american league in home runs. on to the eighth. 3-2, athletics. bases loaded. a's win 3-2. >>> super bowl champion seahawks visiting the white house today. and they were treated to a speech from president obama. >> they beat the rival 49ers. i knew you guys would

there was no mysterious activity within its paypal service where credit card information is stored. ebay officials believe the breach happened in february or march. security experts warn the attack may spread to other sites as people use the same password. ebay stock was virtually unchanged yesterday falling just 8 cents to $51.88. airlines may soon be forced to do a better job at disclosing ticket prices to consumers. the transporation deparment says passegers have the right to a clear understanding of fees for checked bags,seats and taxes. an airline industry group calls the proposal an overreach and says the current fee system is working fine. virgin america airlines may vote to end it's non union status. the transport workers union reports flight attendants at virgin america are seeking a vote on unionization. currently -- virgin is the last remaining non union carrier in the country. it follows a vote coming from jet blue pilots to unionize last month. virgin employees reportedly filed the vote this week and election could be held within two months. petco and petsmart are putti

and leading in to the vip deck, we have expanded our restaurant row which we now call paypal alley. you can order ahead and your food will be waiting for you instead of having to wait in line. >> reporter: technology meets this stadium that was built back in 1942. hey, ticket prices, dan, ceo and president, how much does it come to the ballgame? >> it's so affordable to come here as low as $7, adults $11. we have baseball all weekend. it's going to be great. >> reporter: you want more information about san jose giants and municipal stadium visit us online at kpix.com. hey, don't go away. we'll be right back. ,,,,,,,,,,,,,,,,,, francisco's sunset district a dog trainer found a platef meat stuffed with pills last monday.. 's raised alarm >>> more tainted meatballs were found in san francisco's sunset district. a dog trainer found a plate of meet stuffed with pills last monday. last february, dozens of poisoned meatballs were found in 2009 peeks. this week's pet segment we're talking about dangers. our pet expert says there are many things you want to keep your animals away from. let's

when you pay securely with paypal, you're done in a few clicks. that's fast - even if you're a really slow clicker. it's not calculus - but it's pretty smart. deals in sports history. but >> live, from the cbs bay area studios, this is kpix5 news. >> that guy right there. he is behind one of the biggest deals in sports history, but tonight, a little bit of a wild card. >> joe vasquez on the monster deal to buy the clippers. joe? >> reporter: liz, the new owner is worth about 20 billion. good thing because he is agreeing to pay $2 billion for the los angeles clippers. >> ladies and gentlemen, steve bomber! >> as ceo of microsoft for 14 years, he was famous for his over the top enthusiasm. >> i have four words for you. i love this company! yeah! >> reporter: tonight, a new company for the man who replaced bill gates. the los angeles clippers. shelly sterling, the estranged wife of donald sterling has approved the sale of the team, but does that make it a done deal? her husband's lawyers say not so fast. >> everybody is understanding that the team ca

. > > bill, you have to think of alibaba as a company which has got amazon, ebay, paypal, and the better business bureau all together, all in one company. so the best thing they have pulled off is even though all these different business markets or business segments they've designed individual business models which address the specific needs of each of these different markets. that's different from the amazon model which has one plan and it works across a broad spectrum. exactly right, so amazon is a one size fits all model. where as alibaba is much more a horses for horses market. so when they have this platform called taobao which is really about smaller merchants which is really about mom-and-pop stores. for taobao they have a very different model than for tmall which is the platform which apple uses to sell to chinese customers. for instance at taobao they really don't charge any transaction fees and so think of them like ebay but with no transaction fees. > > what about the growth potential if i am investor-- they are pretty well saturated in china, is there a lot of upside there? h

the website also owns paypal, but says there is no evidence that site was hacked. >>> and los gatos-basedetflix is setting its sights on europe. the video streaming company announced a major expansion plan today. it will extend its european offerings into germany and france this year. it could be a tough transition since amazon has already made inroads on the continent. >>> new at noon some tough words from the president as he publicly addressed the va hospital scandal for the first time. mr. obama saying he will not tolerate misconduct in the care of our nation's veterans. craig boswell on what he stopped short of doing. >> reporter: president obama summoned eric shinseki the head of the va to the oval office to discuss the growing scandal inside the department's medical system. >> i want to know the full scope of this problem. >> reporter: as many as 40 veterans may have died at the va medical center in phoenix because of delayed treatment and now va investigators are looking at 26 other facilities. whistle-blowers claim administrators in some hospitals kept secret waiting lists to hide

est investigando el ataque, y aclar que no hay evidencia de que el servicio de pago electrnico de paypalnca rdr ---el hombre que recibio un disparo fatal el martes por la noche, en la zona de "potrero hill" de san francisco, fue identificado como "derrick whit-field" de 23 aÑos. ---la victima recibio el disparo en la cabeza mientras se encontraba en la calle "turner" a eso de las 9:20 de la noche. cam 2shot blanca ---el rea de la baha es una de las ms caras para vivir en el pas., pero muchas familias de bajos recursos desconocen que podran estar recibiendo asistencia con sus alimentos. cesar ---un banco de comida de la bahia y los supermercados chvez se han unido para inscribir a ms personas a calfresh.. take 2 box ---jaime peluffo nos acompaÑa con el informe.. jaime.. take pkg :01 - :05 :11 - :15 :16 - :21 :35 - :41 1:17 - 1:22 1:38 - 1:50 1:51 - 1:56 trt: 1:56 o.c. standard intro/jaime peluffo/san josé 24:48:13 asi es, aunque parezca mentira hay muchas personas que son elegibles para que les regalen hasta 200 dólares en comida todos los meses, pero no lo están aprovechando. la seÑora m

people say china's largest e-commerce site is like amazon, ebay, and paypal rolled into one. while they focus on mobile payments and online shopping, it is dedicated to connecting businesses with other businesses. so many of today's consumer products are designed and built in china. what alibaba does is connect businesses around the world to chinese manufacturers, creating millions in retail relationships. let's say you are a small american store looking to buy an alarm clock. alarm clock.word there is no price tag so it allows you to bid. directly oract them bit of payment. if they can, your payment leads to an escrow account you can deposit money into. there is usually a minimum. that leaves the half its higher for the seller and the shipping market lower for the buyer. and clearing u.s. customs is entirely up to you. now you know how alibaba works. let's find out why it has chosen to go public in the u.s. it's a big loss for the hong kong stock exchange. alibaba is possibly heading to the new york stock exchange, but on't count out the nasdaq. cory johnson, our bloomberg w

it has bits and pieces of payments like a paypal. auction pieces of an like ebay. bits and pieces like commerce like we have -- but we do not have in the u.s.. pieces ofhas bits and alibaba. they have a 24% stake. >> indeed. the stock was selling off low after the filing came out. knee-jerk reaction by the rumor of the ipo, because there is nothing fundamentally that says it is a great surprise from the numbers positive or negative. a great big company with a great big opportunity. a lot of profits and free cash flow. that is a thing you like to see. that growth rate going from $20 billion -- to 35 in a year. it is a very interesting and impressive filing. >> eric jackson of ironfire, what do you want to know on the roadshow that would make you favorable to buying the shares? two big questions are the international story, which guys -- which you guys of talked about. getting more color on that and what their lands are. mostis something novel for investors. most people who know alibaba think of it in terms of a big play within china. now they get to think of the res

we know it, sir richard branson, who is an incredible entrepreneur, and macs as well who founded paypal you keep yourself from spending all of your time going on to indiegogo and investing money, contributing money for all of these various projects? >> it is tell. i have funded hundreds of things. there are solar roadways, super amazing. you have them on your show last week. >> tell us about the securities and exchange commission having to issue guidelines as to what contribution on an online investing platform means. >> i think it is tricky. in april 2012, we had our customers onstage with president obama. she was trying to raise money for a free dessert company. she was rejected by the banks. indiegogo said yes. president obama said we need more of this. two years later, it is a tough balancing act. i need to protect investors, but allow for innovation. if there's too much talk you about any results in time. allow some action to happen. >> what kind of action do you think indiegogo is going to be launching in the next year? >> we are super excited about future growth. i think this dec

of the kinds of attacks that ebay and paypal faced, especially from countries -- from a whole bunch of non-u.s. countries. it's important to remember that when you have these economic systems, there's an awful lot of people trying to break into them. and i think that's going to be permanent no matter -- >> no matter what. how do you see human interaction evolving in a world that is increasingly automated? it seems the more connected we become, the more distant we become from living in the physical world. and it's interesting because this is something you wrote about in your book. in your book you wrote: there are two worlds at once. there's a virtual world where we all experience some kind of connectivity, and a physical world where we still have to contend with bad luck and the good and bad sides of human nature. your book explores the ways this virtual world and this physical world interact, and i think both what you said and this question really gets a how do you see one impacting the other? >> i'm working on turning off my phone during dinner. [laughter] >> how's that going? >>

he made his money with paypal but he has so many businesses with tesla and solar city and spacex thatot as laser focused. >> the cars seem to be better? >> that is true. i have driven a tesla and i really enjoyed it. it is a quality built car. the torque is amazing and the handling is amazing and here's a picture of me flying around the bronx river parkway in a model s. it does not look as cool as the fisker. it was a divine phenomenon. -- design phenomenon. people loved the delorean and it was a horrible car and they still buy them today. billionaire can figure out a way to make these cars well and make them perform well, i think you will have some success. >> what can he do differently? ande can make them in china probably can rely on some help from the chinese government. this is the place for elon musk says he wants to put production f 3 often than foreigners. he may have that advantage. the other interesting thing he can do is with the purchase of he bankrupt fisker brand, gets an abandoned general motors factory in wilmington, delaware. he can be the first chinese automaker to p

. >>> imagine for a moment that amazon, e-bay paypal all started trading shares on the same day, wellhe chinese equivalent is closer to doing just that. alibaba is not only china's biggest joan line marketplace, it's the biggest in the world. it's going to be one of the biggest tech ipos ever. >> a former english teacher started it in his apartment and, right now it has the transaction volume of two amazon.coms. if you think about it's huge. it controls 80% of the online business in china. >> reporter: here are some other numbers. alibaba saturday 66% compared to q42012. $1.4 billion of that was profit. and it's estimated more than half of all partials delivered in china are done by alibaba's various companies. they estimate that its various arms ship in volume than amazon and e-bay combined. add to that, its online payment arm is estimated to handle half of all of china's online payments. its connection to yahoo! is legendary. the u.s. internet firm owns a 24% stake in alibaba, that stake has been one of the few bright spots for yahoo! and its fifth ceo, marisa mayer. yahoo! is now i

after paying through alipay, alibaba's version of e bay's paypal.m is one of china's most trusted, though buyers and sellers say they hope alibaba builds faith even further by cracking down on the sale of fakes. even so, lee is using taobao for all his needs, well, almost. >> never buy on taobao, relationship. >> reporter: eunice yoon, cnbc, beijing. >> all right. that's eunice's report. joining us on the line from hong kong, global imagining partner at ernest and young. good to speak to you. >> good morning. >> if institutions decide to invest in alibaba, is this the best way to play the e-commerce market in china? >> i think you're buying a whole portfolio of things, this is amazon, ebay, paypal, all rolled into one. so it's probably one of best ways to be in the market. in terms of value, it's really going to depend on the price as to whether this is financially the smartest way to be in the market but in terms of exposure to that segment, absolutely the best way to get in. >> it dominates its business. does it have any significant competition in

the company says it did not appear that the hackers got the users paypal for credit card information. the white house sends 80 traps to chat to find more than 200 missing school girls. chad is on the border where boko haram formed a stronghold. we have the latest. >> reporter: there are good leads to be followed in chad. the military and the white house have not provided more details yet about what is going on. however, it is worth pointing out for our viewers that while there had been a considerable cry among some particularly here in washington for the obama to send in troops right away to find the girls, the obama administration never took that option off the table. there had been people, about 30 or so people from the c.i.a., from the state department, from the military, from the fbi, working as a team in abuja with nigerian officials to help them as they tried to conduct this search. the nigerian government is still in control of the search for the nearly 300 girls kidnapped. i believe about 34, 35 days ago. but, they have brought in intelligence and they say that they are sharin

it happened between february and march and there is no indication the payment service paypal was involved. >>> california woman's plea on facebook may have helped ended a decade of sexual abuse. this man, isidro garcia was arrested yesterday. he is accused of kidnapping and raping a minor while holding her hostage and 9 years. he was a live in boyfriend of the girl's mother. he abducted her in 2004. he held her in a garage in compton and then when she was 18 he forced her to marry him. he was arrested after the victim got in touch with her sister on facebook and told her she was abused for 10 years. information on the case is still coming in. we will have new details at 6:00 p.m. >>> new developments in a growing scandal involving the department of veterans affairs. president obama spoke today about accusations of misconduct but tonight the president is criticized by republicans and even democrats. there is outrage over revelations that officials were keeping admission waiting lists secret and falsifying data to hide how long some veterans waited to see a doctor. as many as 40 veterans di

a message asks for $100 to be sent to a paypal account. if the money isn't sent, it threatens to lock the phone out of the user. hackers are allegedly using the find my phone feature. >>> beautiful sunshine. >> it looks great outside. as you get a live look outside, the sky camera network. there it is, the proof in the pudding at the golden gate bridge. we'll talk more about this awesome weather coming up in a few minutes. >>> facebook founder mark zuckerberg is being summoned to tehran. he is being asked to appear in court to talk about violating the prief as eye of iranians. they are ordering apps be blocked in iran. facebook is already banned there as well as other websites. >>> levis ceo claims you don't need to wash your favorite jeans. instead, just spot wash the pants. the company also claims you can freeze the jeans to kill bacteria. will it work? sam brock rolls up his sleeves and gets his jeans dirty. >> we bought a brand new pair of levis and took them to a place we knew we would encounter some bacteria, a zoo. it's more than yo

. >> in the meantime ebay subsidiary paypal has been able to allay some fears. they say they were untouched by the breech. >>> police in california have located a woman who has been missing for a decade. investigators say this man, her mother's live-in boyfriend, drugged and kidnapped the victim when she was 15. they say that he later forced her into marriage and in 2012 the two had a child. police found the victim at this apartment after she reached out to her sister on facebook. the suspect told her that her parents had stopped looking for her and if she tried to go home, her family would be deported. garcia is now under arrest. >>> 71 people are under arrest in a major new york area child pornography bust. one law enforcement official calls the backgrounds of many of the suspects shocking. attorney ayello of wcbs tv in new york has the details. >> these crimes are hideous and reasonable people cannot fathom such depravity. >> reporter: the computers were seized. illegal images of children shared on peer-to-peer sites. >> these are real children who have been