paypal account.hey'll pose a problem in the long run. emily: after the break i will ask about what you think about jack dorsey doing both of these jobs at square and twitter. more with him next, and still ahead marissa mayer future at yahoo! is being question. that story later this hour. ♪ emily: shares ended four dollars above its listing price but questions remain about whether jack dorsey can be the ceo for the long haul. you probably know better than anyone outside of the company. what do you think, do you think for the longer term that he can remain the ceo of square and twitter? >> i believe so. it gets easier and not more difficult. the company is still in the drafting phases of what it will become over time. as you create more network affect, as you have more traction in the market, the incremental decisions get easier and then you are mostly doing strategy and editing. it can be done across multiple companies easier than doing the hard work. over time this will be very scalable. emily: squar

and they had a palm pilot product called paypal. had just recently graduated from college and was trying to decide what i wanted to do. i was sitting at home and simply wrote them an e-mail. because on their website, they said they were looking for a web designer. i had a design background. luckily enough for me, they responded. about a week later, i was here in silicon valley working for them. emily: and the rest is history. chad: the rest is history, but i needed to find a place to live. that was the first challenge for me. when i moved out here in the summer of 1999, you could not even find a place to live. i had to sleep on someone's floor. emily: because there were so many people coming here for silicon valley? chad: during the dotcom boom. emily: as i understand it, you designed the very first paypal logo that they still use to this day. is that correct? chad: i think they have changed it over the years, but yes, i was responsible for logo design, website design, the app. emily: do you see your design in the paypal logo today?

>> brain tree that's part of paypal, we were a start up until paypal bought us and we now work with start ups and trying to help new businesses do payments. we're here meeting our core customers which are the start ups. we're here. we can help do some start up education. so we have talks on how to set up payments and work payments and of course there's a start up celebration so we'll have a big party on wednesday night to celebrate the start up community. >> let's delve in a little bit more. this processes payments for uber for instance. how is this different when you're writing code and developing these networks. >> paypal is a way to make payments. you open a wallet where you can make a payment like we all know. brain tree processes mainly credit cards. if you want to pay with a credit card or am pay and android or google pay and you want to pay with bitcoins then you use braintree. >> let me ask you about the difference in the company now because we mentioned that you had this for me since the listing and the ipo earlier this year. how are things going now that the training wheel versu

paypal off 2.3%. now we reached out to paypal. comment to cnbc. while we don't comment on rumors or speculation we welcome any development that encourages people that address the awkwardness of dealing with cash when paying friends or family back but they point out that their system is very much in use. our services work against operating systems as well as online. i'm sure they wouldn't love it if apple gets into the game and takes a slice of their pie. >> this is such a crowded market. i mean, paypal, google, snapchat, square, which we have been talking about possibly going public. hurry up before apple goes in and go public before. if you get rid of apple pay, though, then this might be a good alternative and that might be what they're trying to do because with apple pay, you can't pay each other. like i read i think a wall street journal article -- >> if you wanted to pay me for the coffee i bought you, you couldn't pay me. >> i can't. so thank you very much. >> no worries. >> that's why something like this or like an article said you want to

paypal, that is a hot property. i think they'll have to make big moves and i think that means maybe buying paypal over the next 12 months. >> in terms of what you believe what will happen next year, which is something bad for the markets, you would not buy paypal? >> no, i actually -- i'm long risk reversal in paypal. >> so are you bearish? >> no, i'm bullish on paypal. >> trying to just understand the context on which you are saying bullish with the paypal. >> he started by saying -- he enjoys -- >> he loves raining on the parade. >> like barbra streisand sang a song about that. we could sing that into the break. no major disruptions, which means the people are spending money. they do it with mastercard and visa. giddy-up. both of those stocks up about 20-ish% on this year on a flat year. that trend will continue. i'm playing the game the right way. >> all right. coming up, the nfl has a new playbook and could spell big trouble for media stocks. a special "fast money" report up next. >>> and one penny stock gave up

so i don't like this as a developer paypal.o way you can spin this as good news. >> what do you think, mike? >> i don't ng you spin it as good news. the question is exactly what these features or whatever this is going to become they still have to be overlaid on top of the actual infrastructure of a banking like function or visa like functions where they're checking do you have none in your account. i just don't know where that line is going to be drawn. paypal the usage is pretty tremendous and definitely going to mean it doesn't go away very soon. by the way, none of this comes particularly as a surprise to paypal. they are now an independent company, they are going to try to pay as much as anybody. >> i know the first time i heard about it i was able to use it it was like, thank you, this is so much easier for people who are splitting bills, doing things with groups, paying -- in a lot of other countries you can already do this so much easier than you can here, but that first mover advantage how do they protect the mode agai

paypal's earnings report posts looked pretty good. you looking at the future prospects for earnings here? reason why isne they just spun off of ebay. , we are on a first name basis. was he was advocating for change. he was able to get the board to separate the company. the company came off with a lot of cash on the bounce sheet so they have a great growth driver in the social media payment platform. revenues are growing about 25% and they are doing extremely well democratizing payments in the emerging markets. that actually impacted western union, when they announced, when paypal announced they were buying zoom. a great treat into april, given that they have already basically come out with earnings this quarter and are just a brand-new company. ist we would like to do actually go out and buy the 35 call in april as well as sell the 45 call against it. you're getting a three-one payout ratio costing about three point 35, three dollars and $.42 per you're getting a 3-1 payoff issue and he will get earnings and it gives you time to parti

he lobbied hard to spin off paypal. carl icahn now is 4% of paypal.g up, star wars battlefront. mixed reviews. ♪ ♪ emily: earlier today i sat down for an extended interview with linkedin cofounder reid hoffman. he is a noted investor, and i asked him to weigh in on the great debate. are we in a tech bubble? reid: in some ways we are, in some ways we are not. the key thing, it tends to be a private market bubble. the private level does not have as much market impact. it is not something we've hearken back to 2000 or 2001, you worry about quite as much. emily: as a venture capitalist he invested in the company airbnb. we talked about how airbnb needs and experience in strategy ended differs from uber. reid: airbnb has a global network of fact that is useful. if you have a whole bunch of residencies in europe or the u.s., then people who traveled there, that is a global network effect. that is very useful. they do not have to do as much work as overdose. emily: why do they have to work harder? reid: they have to work harder because the network is much mo

this is a commercial from paypal and it is drawing criticism in the uk. the viewer says that the ad suggested that only parents deliver presents on christmas. paypal says it will alter the commercial schedule so it only runs after 9:00 in the evening. >>> up next, kelly johnson talks about the latest drama with the 49ers and what happened with the sharks in san jose tonight. my name is jamir dixon and i'm a locate and mark fieldman for pg&e. most people in the community recognize the blue trucks as pg&e. my truck is something new... it's an 811 truck. when you call 811, i come out to your house and i mark out our gas lines and our electric lines to make sure that you don't hit them when you're digging. 811 is a free service. i'm passionate about it because every time i go on the street i think about my own kids. they're the reason that i want to protect our community and our environment, and if me driving a that truck means that somebody gets to go home safer, then i'll drive it every day of the week. together, we're building a better california. ♪ sle♪ i

so all the paypal people. i thought his ex-girlfriend, i found his worst enemies, all that stuff, and after 18 months, that seemed to wear him down, and one day i was at home and got call from elon musk in the evening, on my caller i.d., and he decided we should have a chat. but he cooperated with the booking a that are. so i interviewed him for about eight months and i got access to the companies and folded that into what i had already done. >> i don't want to give too much away but this is the only access i've seen like this to elon. now that we're here, the book has been out, "new york times" best seller. what is -- has there been any feedback from elon directly or bad, good, indifferent? >> a bit of a rollercoaster. he -- he was not -- wanted to see the book before it was published. >> did he pick out this cover photo. >> you should thank me for that photo. very flattering. >> what is he standing in front of. >> spacex engine. >> you were saying. >> well, he didn't get -- wanted to read the book. actually

when he sold paypal he made $220 million. and i don't think there's anyone near here who would sacrifice every last penny, which is what he did. he burned through the entire $220 million, building rockets and electric cars ex-essentially like taking all of your money and lighting it on fire. two worst things you could possibly do if you wanted to keep your money. and he -- in 2008, both companies are going bankrupt. he is going through a divorce. he lost a child. and he basically, through sheer force of will and chicanery gets through the period, and there's vary few people who would have walked out of that, let alone end up with 10, $13 billion a few years late. that's why i wrote the book. to me he is passionate on a level you rarely experience. >> there's chapter that reminds me of the scene in the graduate with dustin hoffman, have one word for you, benjamin, rockets. but how to fly a horse, literally does take your on a tour of 50,000 years of innovation. elon musk's story, 50 years of a remarkable rise to future shaping

while i like paypal, the truth is, both of these, paypal and first data, disappointing. paypal down roughly 13% since its spinoff in july. first data actually down 1.5% first day of its ipo. square does have a part-time ceo. given that jack dorsey already has enough on his hands running things like twitter, which by the way has had a real tough slog here, but managing two publicly traded companies, i don't know. some would say hubris. in a vacuum, square is kind of a mixed bag but we don't evaluate stocks in a vacuum in cramerica. we judge them based on price. when it comes to square, i think the ipo might be priced low enough that it could be worth participating in. sure, square ain't perfect. at the proposed 11 to 13 per share range, stocks certainly wouldn't be priced for perfection. at the midpoint of that range, square could be trading around 2.7 times next year's sales. that would make square a big value. certainly a big discount to paypal, that's at four times. everything has its price. at 13 or less, i'm telling you, square would be worth owning. let me give you

, person-to-person payment system and that's going to go right up against paypal.ypal shares were down 2%. of course apple pay is already having a nationwide and global rollout. they've got a very big deal in the brewing sector for you jonathan. i don't know if you drink stella but they're going to be under the same stable, a $108 billion deal, ab inbeef and anheuser-busch buying sabmiller. they've overcome one by selling sabmiller stake in millercoors to coors brewery. >> i'm more of a stoli guy. steve sedgwick live from london. >>> time now for sports and we begin with nba action out on the west coast. the clippers, d'andre jordan in his first visit to dallas since last summer's free agency fiasco that saw jordan re-sign with los angeles after already agreeing to join the mavericks. dallas fans booed jordan when he stepped onto the court, and some took time to express their displeasure. but the real attraction of the nature was the dirk nowitzki who put up a season high 31 points in the game. wesley matthews added 25 and the mavericks beat the clippers 118-108 >>

paypal, that's the online mastercard basically.ks gilead, lockheed martin very big position and same thing with biogen. we have a drug. we have a military defense. we have a drug. we have a credit card company and entertainment. we can't own both of these. that's not right. what we're going to do is exit gilead and we're going to buy 3m. why? because they had quite a quarter. how about allen in florida, allen. >> booyah mr. cramer. >> booyah. >> thank you for having me on your show, mr. cramer. >> i'll do my best. >> and thank you for making sense out of the stock market. >> never easy. >> my question for you mr. cramer is i own shares of netflix, facebook, paypal, twitter and disney. am i diverse enough? >> well, let's take a look at this. okay, you know, this is like the fang issue here. facebook and twitter no, we're going to sell twitter. and we're going to keep facebook. netflix we're going to allow that with facebook because it's entertainment and this is a media but then disney is also media. this is very convoluted. i need

paypal. media, and entertainment. boy, that's too much. we're going to get rid of disney too and why not put in, because we're already there, 3m. great quarter. make those changes. you have a portfolio that's too much like itself. all right. wow. that was some game. we had to do some real change ups here. listen i got the cowboys but i also have the cowboys i got the eagles and the cowboys. not enough diversification. stick with cramer.e in here for ya? ugh. my sinuses are killing me. yeah...just wait 'til we hit ten thousand feet. i'm gonna take mucinex sinus-max. too late, we're about to take off. these dissolve fast. they're new liquid gels. and you're coming with me... wait, what?! you realize i have gold status? new mucinex sinus-max liquid gels. dissolves fast to unleash max strength medicine. start the relief. ditch the misery. let's end this. to truly feel healthy on the outside you have to feel healthy... ...at your core. trubiotics a probiotic from one a day naturally helps support both your digestive and immune health by combini

shares of paypal have dropped about 3% since that report came out. so it sounds like a new payment service coming from apple in the near future. >>> how much would you pay for a website that has been losing money for the past four years and shows no sign of turning a profit any time soon? a media mogul is willing to pay a cool half a million dollars. his online conglomerate has offered $512 or $8.75 a share services review site. angie's list board turned down the offer, though. the market has pushed shares of angie's list stock up 12% today. we're now at $8.90 so it's above the offer of $8.75. so somebody is looking for a higher bid maybe from barry diller, we'll see. >> higher than $512 million. >> yeah, for a company losing money right now. it's not bad, right? it's good work if you can get it. >> i've used that site. apparently i'm the oy one, but it is helpful. i mean you review vets and pediatricians and all kinds of other stuff. >> thank you, bill. >> see you tomorrow. >> man. >> well, barry diller may be helping the folks at angie's list clean

apple could be developing a competitor to paypal. mobile to mobile personal payment service, and apple is just a little bit higher. gene munster saying it does not significantly affect his model but obviously investors are concerned about the effect it would have on paypal. i have alphabets appear as well because btig analyst mark palmer has said that an ability to gain traction in payments might cause it to bid for paypal. solar, sun edison slumped sharply. the company is falling again today, although it is coming up off the lows of the session earlier. out of the gate it was down as much as 17%. not clear why it has recovered, but axiom capital, gordon johnson who then he spoke with recently is coming down with a downgrade of the shares. his price target on the stock is only two dollars. sun power is out with some preliminary numbers. it is an increase over its prior forecast. they are holding an analyst day today. when we talk about sun edison and that decreases it has seen recently, it has high hedge fund ownership. you will see

. >>> paypal took a hit in today's session in a "wall street journal" report. according to the "journal," apple will roll out a mobile person-to-person payment system that's similar to paypal's service venmo. shares fell nearly 2% to $36.33. >>> more signs of softness in the art market that we reported on last night. a number of works at a christie's auction went unsold or sold for below the guaranteed price. for instance, the andy warhol fetched $32 million, and it sounds like a lot of money, but christie's agreed to pay the seller $40 million, meaning they have to pay the difference. while some pieces weren't profitable, others didn't sell at all, like this one priced at $6.5 million and this warhol, among others. >>> as we reported earlier, the warm weather was one of the reasons why macy's reported a weak quarter. when temperatures increase, consumers are less likely to buy winter clothing. temperatures have been above normal, and according to the weather company, are expected to stay that way this month for much of the nation. paul walsh joins us. he's vic

targeting neiman marcus and even paypal. plus, amazon reveals a new drone prototype for its planned 30-minute delivery service and here is the man behind $30 billion startups. first, what is shaping up to be a record-breaking day for online shopping. sales this cyber monday expected event hit $3 billion, capping weekend,sive holiday consumer spending $8 billion online. this morning, target's website was overwhelmed by demand and shoppers were greeted with this message, apologizing for delays. at the impacting paypal. neiman marcus, it's website crashed twice and was down almost all friday. joining us now, shannon pettypiece, our correspondent -- .ontributor i was one of the shoppers who tried to buy something from neiman marcus on friday. i did not go back. break it down for us. what went wrong? at target, the company says that they got twice as much traffic today as in their previous record, which was on black friday, so just a surge in demand. it'surse, these days, 2015, companies are supposed to be able to handle this, bu

emily: what about something like paypal?e interested in owning outright paypal, ebay, yahoo!, after they have been off their state? michael: i do not know what regulators will think about anything we do. we will work with them closely. you should expect our international strategy will have a component of both organic and acquisition and we will continue to evaluate opportunities as they come along. not just in the u.s., in every market. cory: that was emily chang and michael evans. apple's gigantic new ipad goes on sale today and sam grobart got his hands on the ipad pro. both hands. ♪ sam: this is the new ipad pro. it has a brilliant 12.9 inch display, weighs 1.5 pounds, and can be used with a keyboard and stylus. none of those details outshine the simple fact that this thing is huge. ♪ this may be hard to convey in a video, but get your hands on a and the size is almost overwhelming. the larger display means you can enjoy even bigger videos and draw and markup on bigger pages. it changes the idea of an ipad from being a so

wallet. >> that is right paypal wallet. >> give us selling point. >> a couple things you've got buyerng doesn't arrive you are protected from checkout all the way through to delivery. so something doesn't arrive, refund you if something doesn't look like retailer said it would we refund you including postage packaging costs also, if something arrives doesn't fit we take care of the thing as well. >> bottom line here, we know it has been a you have to economy all year. what kind of a holiday shopping season are you expecting. >> we are expecting good season. >> already start to see integrate trend as i said, i think going to see more and more online more and more mobile 30% of traffic is now mobile, we expect that to continue to rise. >> good to have you on the show. >> thank you so much watching joann from paypal coming up next hour joined by former u.s. attorney general judge michael mukasey take on nsa sending phone data program amid growing terrorism threat around the world keep it right other on the fox business network, stay with us. infiltration. >>>. maria: good morning happy m

. -- paypal.>> some of these sites look legit. it looks like amazon.com, then it takes you to a different account. >> email spoofing is prolific. pay close attention to the content of the emails. if you get an email that you think is suspicious from one of the big-name advisors like paypal or amazon, you can pick up the phone and call and ask whether or not that email was directed to you. >> good tips for the holiday season.>> especially when you take into account that black friday sales were down from last year. shoppertrak today reported black friday sales fell to $10.4 billion this year compared to 11.6 sales fell to $10.4 billion this year compared to $11.6 billion last year. thanksgiving day sales also drop this year. internet sales are expected to soar tomorrow for cyber monday. retailers are expecting an overall growth in holiday sales as more and more people shop online.>>> some sad news to tell you about. our second weekend in a row, paramedics responded the 911 calls about people overdosing on synthetic marijuana, called

paypal is one who has also been pushing into this ace -- space.hey are focusing more on their core payment product. you good on the line, you have startups like shopkeepers and other players. the bottom line is it is a bit -- busy space. the point of sale business has a low barrier to entry. they have this core business, the real weston for investors will be, to these add-on services really work? can you really find higher-margin services that customers find value in? what will they duke moving forward to make him a leader when they do not have the scale that a first data does. emily: we are waiting for square to set the terms any day. thank you so much. gil, i want your thoughts on this next story. -- everyone's favorite online currency is back. the price is up over 100% in the last month. the price of one bitcoin rose as far as $500 yesterday. the question is, why now? what is causing the largest rally since way 14? one reason could be china. there has been a surge in demand partially due to the drop in the stock market. other people are pointin

. >>> let's send it over to seema modi for a market flash on paypal. >> we are looking at shares of paypal down about 1%. dow jones reporting that apple is in talks with u.s. banks to develop a mobile person-to-person payment service, and this app was reportedly on the platform. however, the details of this product in flux according to this report could launch in 2016. we are looking at shares down better than 1% on the day. back to you. >> thanks very much. time now for a cnbc news update with sue herera. >> i'm so jealous. harry connick jr. is my all-time favorite artist. here's what's happening at this hour in other parts of the world. specifically in sochi, russia. russian president vladimir putin says his country needs to give sports doping allegations its sharpest attention by conducting its own internal investigation. he added that it must do everything to rid itself of any sports doping problem. but he also said that the issue is not confined to russia. >>> hunter park accused of posting online threats aimed at black university of missouri students and facility will not appear in c

my fear, though, is if i wire money to wiki leaks or use paypal, i will end up on a government was somewhere. or even worse, if at some point wiki leaks is formally decreed to be a terrorist organization i could be subjected to liability, criminal liability for materially supporting a terrorist group. these are not people prone to weird conspiracies that you hear from occasionally. these are very sober, rational americans. the reason i found that striking is because these were american citizens who were petrified of exercising their core first amendment constitutional right, which is what donating money to an organization or political causes. they were petrified they would be punished if they exercised those rights. what made it more remarkable is wiki leaks was an organization, is still an organization that has never been charged with little loan convicted of any crime. yet here we are with all kinds of people voluntarily relinquishing their own rights at all fear the government would abuse its power and punish them for exercising the right the constitution guaranteed. the reason i found th

jeff clavier with us and also, former paypal executive and current c.p.o.x, who has been following all of the developments. alex, it's looking like the schedule is road show next week and potentially going public the week after that. what do you know? alex: there's a window here that would be good for them to pursue before thanksgiving holiday when investors are no longer around. we might see terms set here in the next week or so. they will lay out the price they are shooting for. then they embark on the road show, which will be a busy time for c.e.o. jack dorsey since he's also now heading up at twitter as well. they'll take time to visit with investors, probably in san francisco, new york and other major cities before going into the price-setting process. where they'll try to pick that lucky number they'll debut at when the stock starts trading under the kicker s.q. emily: i want to bring you in here as someone who knows probably more about the mobile payment industry than almost anybody out there. how optimistic are you about square's business? on the on

but it's not helping those paypal shares today.tential deal in the internet business. iac interactive has made an appraisal -- made a proposal to buy angie's list. angie's list in the past has spurned iac's offers and share that offerng above price. is yelp, it looks like there more sales speculation. and very quickly, the pharmaceutical maker, mankind -- there was a question whether a deal go through. is really -- israeli regulators seeming to be blocking it. that deal is going through. scarlet: remember that fight mannyloyd meriwether and pacquiao in may? i'm a lot of people said it would not be worth it. alix: we got to talk to legendary fighter oscar de la hoya. be guaranteed action. goesl is a warrior who straight in. my guy, he is a young bowl, a fighter who is just as strong. scarlet: he is 10 years younger, right? this is one of those fights where it can't miss. and people know that. i'm thinking manny pacquiao /floyd meriwether generated so many pay-per-view homes. we generated half the business. scarlet: then you are maki

paypal was also down but both are now up and running. >>> tomorrow is giving tuesday. around the world people will channel the spirit in a generous way. >>> one woman who lost her leg in the boston bombings hopes you will help. >> reporter: this survivor says she has a lot to give back.she lost part of her leg in the boston marathon tragedy and has been wearing a prosthetic limb since. now she's a spokesman for limbs for life. >> giving someone a prosthetic is giving back control of their life. >> reporter: it's a chance for people to donate and giving to charities and causes they believe in. >> it is gaining momentum year after year. it time to give back with giving tuesday. >> it's a global movement that impacts local charities like limbs for life. literally they get a limb because someone donated on giving tuesday. for amputees. they provide amputees with limbs for life. >> reporter: her goals were to become a professional dancer, now she is giving back so others can do the same. would you say you got your life back? >> i absolutely got my life back and i got my lif

>>> tech giants like google, facebook, paypal and apple are trying to turn your cell phone into a digital wallet. so far americans have been slow to catch on, but half a world away in kenya, digital currency is already big business. leslie stahl reports for "60 minutes." >> reporter: in a bus station in nairobi, buses were not only loaded with humans and cargo, but with cash. it used to be the only way for people working in the cities to get money to relatives back in their remote villages. >> you give the cash to the bus driver and say when you get up to the village there, you will see someone at the crossroads. give the money to him. guess what happens? the money evaporates. >> reporter: bob coleymore, the ceo of kenya's largest cell phone provider, says his company sought to solve the problem. while a majority of kenyans don't have a bank account, 8 in 10 have access to a cell phone. so in 2007, the company started offering a way to use that cell phone to send and receive cash. they call it m-pesa. m stands for mobile. pesa is money in swahili. >> it is often referred to as kenyan's al

we were trying to invest in paypal. learn and seee to how he is developing his company.ecember of 2008, he went into personal debt and the collateral of his companies to back up a loan to invest in tesla when no one else would. were sayingvestors they would do a fraction. it is a herd mentality, that if everyone else is in, i am in. we invested in a way to get him out of a hole. emily: you guys have a close relationship, a mind meld. does he ever say anything to you that you think is crazy? steve: crazy is as crazy does. emily: tell me about your own interest in space, you launch rockets in your yard. steve: my son and i have been doing that since he was three. we built things that will go o.ck tw i have converted the whole dfj and lobby -- lobby into a space museum. emily: you have not been to space? steve: no, i have been wait was a couple of times. -- wait list a couple of times -- weightless a couple of times. wait -- rather wait till the fourth or fifth light. the perception of fear because it sounds dangerous and things blow up. visual failure in front of everyone

icahn exiting ebay and opting for paypal. that's after the split off.holds a 3.8% stake in paypal. >> let's talk about urban outfitters and third quarter profit margins improving as well but the retailer sales disappointed. same store sales of the parent of urban outfitters and anthropology rose 1%. analysts say that warm weather the past two months has been a problem hurting sales of their winter clothes such as coats and jackets. urban outfitters dropping 8% in after hours and in german trade more pronounced declines. 13.5% down. >> they're looking to build a rival to spotify and apple music. they're buying radio. pandora plans to launch an on demand streaming service with multitiered prescriptions. they also bought ticket fly and the exclusive rights to the popular podcast. up 1.2%. >> german regulators are investigating apple and amazon over the agreement to sell audio group. the probe was opened after they complained the companies are trying to create a monopoly. amazon is the exclusive provider of audio books to itunes in germany. lots more coming

we were trying to invest in paypal.he relationship has morphed into more in my life as he .evelops these companies bi in 2008, he saved tesla, invested when no one else would. the other investors were saying they would do a fraction. it is a herd mentality, that if everyone else is in, i am in. we invested in a way to get him out of a hole. that is how he became successful. emily: you guys have a close relationship, a mind meld. does he ever say anything to you that you think is crazy? steve: crazy is as crazy does. emily: are you on the same planet? tell me about your interest in space, you launch rockets in your yard. steve: my son and i have been doing that since he was three. we went into the desert and build these enormous things that go at mach two. i have built rockets people can fit inside. i have converted the whole dfj lobby into a space museum. it is full of artifacts. there is a piece of every lunar module that has been to the moon. emily: you have not been to space? steve: no, i have been weightless a coupl

carl icahn swapped his take in e bay for the same amount of shares in paypal.also bought more than 1.3 million shares of aig. last month he sent a letter to aig's ceo calling for the insurer to split itself up. aig and paypal by about 2%. david einhorn cut his stake by 25% and micro technology by 67%. they were two of the worst performing bets in the quarter but he also raised his position on apple and gm. sun edison is off by 5%. warren buffet telling cnbc berkshire hathaway raised it's stake in the quarter. they cut the position by 13% and walmart by 7% to help pay for the acquisition. he is also selling investments. ibm, goldman and walmart are higher today than in europe. >> good tuesday morning. let's get you caught up. here are the headlines today. secretary of state john kerry says cooperation could not be higher with france in fighting isis following talks in paris. moscow is a step up as military efforts in syria as it blames terrorists for downing a russian airliners over egypt and hedge fund filings release that george soros raised his investment in

, paypal up more than a percent. icahn pushed ebay to spin off the epayment giant in april of last year and icahn trying to push over aig, holding onto one-tenth of a percent stake in aig, using to demand a breakup. he wants aig to spin off mortgage and life insurance arms to unlock shareholder value. so that stock is up about half a percent at the moment. carl isn't the only wall street personality putting pressure on a daily basis on aig. hank greenberg continues legal battle to recoup 40 billion dollars in damages for overstepping authority in the bailout during the financial crisis. greenberg's appeal that gave greenberg a moral victory considered by an appellate panel. >>> just a few months ago, president barack obama announced we would renew diplomatic ties with cuba for the first time in more than 50 years. news that sparked controversy in the u.s. but also signaled dollar signs. major money opportunity to cash in for some wall street investors, and businesses too, right, charlie? >> unpack this a little bit.

investors in paypal fret over reports that apple is deveng

. >> he also says if you get an e- mail that claims to be from a company such as paypal or amazon thatoesn't seem quite right, you should call the company to see if it actually sent you that message. >> good info. >>> if you drink beer, the fda wants you to know how many calories are in the peers you order. by next december the fda will mandate that restaurant chains offer full nutritional information for beers on tap. this is going to affect more than 4000 craft breweries all over the country. ceo of a you knock craft brewery says finding out the calorie count is not the hard part. the bigger issue is that the fda goes to the next step and starts requiring the nutritional panel. most breweries are not set up with that kind of equipment to produce a back label. >> he says the equipment to produce those labels cost about $100,000. he also says the cost will hit some of those breweries really hard. the new rules apply to restaurants with more than 20 locations around the nation. they will be required to provide calorie information for everything on the menu. >>> the gingerbread house ins

the plan is similar to paypal' s app that lets people pitch-in on things like rent payments and restaurant checks. jc: a major legal battle is brewing over the mislabeling of birth control pills. more than 100 women across the u.s. have filed a lawsuit against the manufacturers claiming the error resulted in unwanted pregnancies. a birth-control pill packaging mixup has now led 113 women across 28 states to sue the companies that either made or packaged the pills, claiming they got pregnant. in the lawsuit, they say the pills were packaged in the wrong order, rotated 180 degrees , so the placebo pills were taken at the wrong time of the month, leaving women without adequate contraception. >> potentially that could result in two entire weeks of no hormonal suppression and >> some are asking for the total cost of raising a child, including education. >> regrettably, the mislabeling of pharmaceuticals has happened repetitively over the years. >> the parent company also mentions in the suit says safety is a top priority. the voluntary recall occurred based on a small number of pill packets tha

the paypal property.or go in on a baby gift for a coworker. in talks to develop this for the users. stuart: is this a surprise or has it been in the works for a while? >> outside the industry. apple pay. the mobile to merchant platform. walking up to a payment center. just pay right now go. they are headed in this direction. it may have surprised some of the paypal investors yesterday. ashley: samsung just started taking pre-orders for a $99 virtual gallery headset. sounds good to me. i guess that you need a samsung phone. >> one big catch. the first headset. it is a strap on headset device that you slide your phone right in front of your eyes. you begin interacting with the virtual world. what the landscape looks like or hanging out with friends and watching videos together. they are pugh ordering this week through best buy. it ships on november 20. >> we know four or $500. what samsung is doing, do you expect to see more of this? >> certainly we will see more of it. we have facebook. this is a very lead

we have a deal with -- with paypal. the money that comes from guests goes directly to their paypal account, and we're taking a small fee because we have such large volume. what were the sales last year? it was $67 million? for the transaction volume. yes. what did you make on that? so, last year, our revenue was $900,870. so on that million, what do you make on it? after all overhead and salaries, we profited $217,000 last year. so this all about customer acquisition costs and their value. yes. so give us those numbers. every couple that signs up and publishes a registry invites, on average, 150 wedding guests to come and look at it. very clever, actually. but on average, we pay 88 cents to acquire a customer. and what's the value? and we get $9 out of every customer on average. that's the average value? yeah. guys, i get that as, you know, a personal business, putting $500,000, essentially, in the bank for yourselves as a couple is phenomenal. but there's a "but" coming. yeah, 'cause it doesn't make it investable. righ

reportedly in a payment service that would let people send each other cash from the plan is similar to paypal' s venmo, an app that lets people pitch-in on things like rent, payments and restaurant checks. emily: asian stocks are mixed as investors eye weak oil prices and the prospect of a federal reserve rate hike. fed leaders are expected to speak today and could give hints on when that hike could happen. of that speech and the release of weekly jobless data. yesterday major u.s. benchmarks ended lower with the dow losing 56 points. randy: it is 10 minutes before 5:00. a check of our trending stories this morning. a major lawsuit over a birth control mix-up. 113 women are suing for the total cost of raising a child , claiming they got pregnant because of a packaging mistake. the fda recalled the pill in question, in 2011, because placebos were labeled as actual pills. the women say this left them without adequate contraception and caused unwanted pregnancies. emily: a pennsylvania woman says she found a black widow spider in her grapes. she says her family bought the bj' s wholesale club an