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. so 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. and 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. so 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 l

don't see them competing with paypal and starting to go online with the new products, but i think paypal is lending on the consumer side, perhaps they will get into the merchant side of the business. $50 million is a settlement. they settled the suit. al payment which meant that the case wasn't looking good and that problem goes away but goes' way to a substantial cost. emily: cory johnson and chris, thank you both. staying with earnings. a % boost. asia's largest internet company, $3.7 billion. new users and thrugging off concerns. security and looking at these results, you see they are performing better than china at large, what do you make at that? >> even if you are concerned about the chinese economy, which i am, the consumer in china is the least of your concerns, because the effort is to transition the economy. and nobody sells more to consumers or helps consumers more than them. that's the result they had so far. if you are going to be in china and beyond the concerns, it seems to be a good place. emily: what about the ack which situation strategy and they have made big investmen

he contacted paypal and changed all of his passwords.l can't confirm a connection to the case but the security blog says hackers can get in all sort of accounts with stolen e-mails and passwords. requesting a password reset. security of the customer account, data and money is their highest priority. he says never use the paypal password for over sites, especially for e-mail. sign up for paypal security key that sends you a text if money is requests. change the password quickly. >> use numbers, letters, everything. that is the biggest thing. john: whether or not the russian hacker fears are overblown it's a good idea to change the e-mail passwords just in case. don't use the same password over and over so you don't waste your money. i'm john matarese, abc7 news. announcer: now "abc7 news at fos at 5:00". on your side. michelle: emergency crews and hazardous materials response teams outside the white house just minutes after the president arrived from arlington national cemetery. in the last hour, new information about the suspicious packa

emily: paypal is also try to get into the lending business.ow well-positioned is square vis-a-vis other potentially more established players to compete? guest: i think they are in a good spot, because they had transaction data back and see the real status of the data. quarter soed this they can provide a brighter range of options. i don't see them competing with paypal so much they have traditionally been more retail point-of-sale, although they are starting to go online. paypal is more doing lending on the consumer side, historically. perhaps it will get into the merchant site. i'm not sure they are direct competitors. emily: last word. cory: there is a $50 million settlement. a cofounder has been suing the company since 2010. they settled in the first quarter. it was a $50 million payment, suggesting the case was not good for them.it was a very big payment . that problem goes away, but it goes away at a substantial cost. emily: cory johnson always read the fine print. [laughter] thank you both. with earnings, alibaba shares got a 4% boost af

>> well, paypal, the digital mobile payment space is growing.tition, but they are the dominant and the leading field, and they have first-mover advantage because they did it for ebay for years, and we believe that the transactions are going up per user, and 108 million users on the system. and the mobile app one touch is very are very good product. easy to use, and agnostic across all types of payment, and it is a lot of press spots, and more pitch is good, and the paypal platform is robust, and the technology is strong, and we think that it can continue to grow, and the earnings will justify the stock price moving higher. >> and we have been talking about retail this week, and a lot of misses in the sector, and a couple of bright spots, tj maxx and you have been adding to the position, and why at 22 t e times current pe would you add here? >> well, it is 19 times next year. >> yes, next year. >> but it is a star in the retail wreckage and one of the companies that has been able to grow. they just reported an 8% comp overall, and home goods up 9

everybody uses paypal. all the young faulk are using paypal. are using paypal. like to see them make a move into mobile pay. go after something added to its business and push the value -- and pushes the value of the phone and apple platform up a major notch. julie: let's get to your trade. is going toe stock keep going down. how do you play that? guest: yeah, i like buying a may-june barrier calendar. about $1.10. net, i pay $.90. i am really just financing those two. toon't think apple will get 87 point five or sell their next friday, but i think it will settle at 85 by that end of june. nice, cheap play. julie: thank you so much. interesting play on apple. ♪ iaae-m" ♪ carol: you are watching "bloomberg markets." let's check on the headlines. mark crumpton has more. reporter: the obama administration is telling public schools to let transgender students use bathrooms and locker rooms that match their identity. not legally is binding, but it implicitly has the threat of lawsuit or federal funding cut off for those who do not comply. today the texas lieutenant go

paypal peter thiel is finance hulk hogan's lawsuit. it's wednesday, may 25th, 2016, "worldwide exchange" begins right now. ♪ ♪ i can't feel my face when i'm with you ♪ ♪ >>> good morning and welcome to "worldwide exchange" on cnbc. i'm sara eisen. >> and i'm wilfred frost. good morning from me as well. let's bring you up to speed on the market. action a very strong rally yesterday. the nasdaq up over 2%. two others up 1% as well. the dow called higher by 76 points. s&p by 10, nasdaq by 24. just high of half of a percent for most of these indices. of course, yesterday's rallies very strong, but not on the high of the of volumes. nonetheless, quite surprising to see it particularly on the day when the dollar was strong as well. of course, stronger data pushing back on expectations that june and july are very much in play for the fed. let's have a look at oil prices. they are part of the rally as well. we saw oil up about a percent. we're up another percent and a quarter today. 49.2 for wti, close to the $50 mark. >>> let's get a check at

paypal is a name like that. they'll meet tomorrow. that's a stock that could break out in the coming months. you want to have those sorts of dynamics that are going on there. to me, that's one that's very interesting growth at a reasonable price. >> dan likes paypal. he likes something. >> dan knows a lot. >> despite the day's sell-off, the stocks could rally another 20% higher from here. tony is chief market strategist. specifically, tony, 15% to 20% in the next 6 to 12 months? >> what i really love to do, i love the conversation. what i really love to do is take all of our opinion out of it. because that's just what it is. and look at what historically happens when both credit and market breadth go from being so terribly weak to so terribly strong. we're talking about oil potentially selling off and not being a tailwind but being a headwind. we're just back to where it was at the end of last year when it was a disaster. so you still have the positive influence of lower interest rates, lower energy expense, and you have this -- the o

that is still a sizable stake for carl icahn and paypal.very vocal in pushing for ebay to spin off paypal as well. so his stake is still -- joe: good on tech overall. scarlet: and news on george silvers filings as well. let's go pull it up. do we have that right now? ok, i am getting the word from the producer it is under ni heads. only, do you know that company? george is reporting stake in this as well. glty. , sp y and we will continue monitoring these headlines from those filings. "what'd you miss?" we are pointing to economic data in china. china's economy grind down the year in april. industrial production came in at 6%, down from 6.8% in march and missing estimates. retail sales also missing forecast. just over 10%, and -- joe: let's go to the chief strategist with silver crest asset management. he has also served on the american chamber of commerce in china. ? is as good as it gets we have a few months or we are showing react celebration in china? acceleration? we are backing down now. >> it should not be surprising. , the definitio

scarlet: is that why you like paypal? of 8d: i have this theory to 80. paypal turn them into an eight to 80 brand. the millennials are swapping money. is a generational brand. scarlet: thank you. talking it has been a rough year for retail. mark: let's get to first word news. donald trump has picked up what could turn into a very lucrative endorsement. , sheldonnion article adelson said he is backing trump. he writes the alternative to trump is frightening. he and his wife contributed $93 million to super pacs supporting republican candidates. in the three months since justice antonin scalia died the u.s. supreme court has managed to avoid controversy. that is about to change. in the last six weeks with termed the court is expected to rule on affirmative action, immigration, abortion, and ordering is debt. the rulings are likely to come out on monday. under report warns that flint, michigan's costly water bills may double in the next five years. so that is due to increased operating costs, pipe leakage, and decreasing population. the average bill of $54

right now, the stock dropping down into the range and appears the bears have it in paypal.ty: tell us what else is going on. : the big story today is cisco systems. it offered a better than outlook,sales including software-based network and the ceo said the long-term investments the company has been making is really starting to pay off. not surprisingly, the street is we look at the chart of cisco systems, it does not show up all that much. the stock stuck in another , sellers are more in control, so unless they step up and break out of that range, we could see a battle between buyers and sellers at cisco systems. soul cycle has put its ipo in a holding pattern, citing volatility in the market. that theaid yesterday company is focused on growth and expansion. so scratch them off the list. saying echoes is what i'm hearing across the companies with other files or considering ipos. they say it has been to volatile. we are going to put things on continue to show that kind of growth investors are going to want to see when they do hit the exit button here. back inone they filed

nor paypal. although we were trying to invest in paypal.he relationship has developed into one where i enjoy my life. to be able to learn and see as he develops these companies, which is fascinating. as you mentioned in december of , 2008 he saved tesla single-handedly. he went into personal debt, pledged everything he had, the collateral of all of his companies to backstop a loan to invest in tesla when no one else would. emily: so when did you come in? steve: the other investors were on the table were like well, i will do my fraction of the total. assuming everyone else is in, i am in. it is a herd mentality. if everyone else is in, i will be in. we invested in a way to get him out of the hole, so that is why we became an investor in spacex and tesla. emily: you guys have such a close relationship. i feel like you have a mind meld with him or something. does he ever say anything to you that you think are absolutely crazy? or are you on the same planet? steve: crazy is as crazy does. emily: tell me about your own interest in space. you lau

and second, i need to say paypal, for example, is kind of selective hypocrisy. this is the same paypal company that did business with sudan, did business in iran, does business with saudi arabia. and they're lecturing north carolina because the majority of north carolinians because i think a man who's a man ought to use the restroom on the door, and the same thing with women. this is especially true in our schools. in our junior highs, high schools. this is a basic change of norms that we've used for decades throughout the united states of america and the obama administration is now trying to change that norm. again, not just in north carolina, but they're ordering this to every company in the united states of america starting tomorrow, i assume, or tuesday. and also, making this an order for every university in the united states of america. >> governor, thank you, thanks for flying here todaytalking wi. and of course, we will be looking forward to finding out what you decide and what you say by the close of business tomorrow. >> thank you very much. >> thank yo

paypal canceled a 400 job operations center.his is since the law has passed and you signed it in march. deutsch bank shelved plans for facilities that would have employed 250 people. one study found the law has cost north caroli 750 jobs. governor, you say you are not going to risk money. all this has happened just since march. >> let me first say north carolina has had the greatest economic recovery in the united states of america, more than any other state. >> but this isn't good. >> let me finish the sentence, chris. and then second i need to say paypal, for example, is kind of selective hypocrisy and selective outrage. this is the same paypal company that did business in sudan, did business in iran, did business in saudi arabia and they're lecturing north carolina because the majority of north carolinaians, i believe, think a man who is a man ought to use the restroom that is on the door and same thing applies to women. this is especially true in our schools, in our junior highs, in our high schools. this is a basic change o

it launched after gawker outed the paypal founder as gay. thiel is twisted. even were you to succeed in bankrupting gawker media, the writers you dislike and me just think what it will mean. joining us for a squawk exclusive to talk all about this and more is nick denton gawker's media president. appreciate you coming in this morning to talk about it. >> hey, andrew. >> this has been a whirlwind of a week. you had suspicions and speculation that something was amiss in this case and there was a secret backer. then it actually emerged that peter thiel was the secret backer and then it emerged that it wasn't just about the hulk hogan case but that he's been doing this secretly almost in a systematic way. the responsive' seen thus far is either peter thiel is robin hood in going after you or the opposite side would say -- and i think you might say -- the ol oligarchs are taking over the system and free press. what's the goal for you? survival of gawker or about the way we should think of freedom of speech? what is the goal line? >> the goal is t

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

keel made his billions creating paypal. he has not commented.good morning, landon. >> good morning. markets could be trending higher today. stocks ending mixed on monday as a drop in oil prices weighed on the dow. nasdaq snapping a three-day losing streak. look for earnings from disney. slipping 34 points. nasdaq rising 14 to 4750. >> thank you. a follow-up for you on a sad story. turns out a deadly crash on the streets of san francisco involved a luxe driver. this is peter teal, by the way. the silicon valley billionaire in charge of paypal, not the crash i wished to have talked about. there was a crash in san francisco april 27th which a bmw was making a left and hit by a car. the person inside the bmw was killed. we are learning this morning from news.com that the driver of the other car worked for one of those valet parking services called luxe which is like uber. luxe is talking to the san francisco police department. it was one of those silicon valley start-ups involved in the deadly crash. we are tracking that, as well. >> were they on th

everyone from street protestors to paypal, google, apple and lyft to the department of justice and now president obama. last week mr. obama wrote a letter directing public schools to give transgender students access to bathrooms and locker rooms that they want to regardless of their birth certificate identity. >> i think it's part of the obligation of our society that everybody is treated fairly and our kids are all loved and that they're protected and that their dignity is affirmed. >> reporter: this kind of movement worked to overturn some laws in georgia. north carolina has been pushing back hard filing some counter lawsuits of their own. san jose will take up this issue in the morning session at 9:30 a.m. kiet do, kpix 5. >>> today san francisco's cable car number 24 will be officially dedicated to giants legend willie mays. 24 is the number he wore on his jersey. the city held a ceremony last week on may's 85th birthday but today the board of supervisors will adopt a formal resolution. >>> time now 5:06. whales are back in the bay and here to stay for a while. how much longer you

area companies have taken positions against the "bathroom bill" including apple, google, lyft and paypal. north carolina has some big events coming up. they are hosting the national league of cities convention next year and these travel bans are certain to get their attention. the san jose city council set to take up this issue during the morning session beginning at 9:30 a.m. live in downtown san jose, kiet do, kpix 5. >>> san francisco police are searching for the man who stabbed another passenger on a muni business. the men were riding on the 14 line around 1:30 this morning. they had some sort of interaction before the stabbing. but it's unclear what was said. the victim is expected to survive. >>> presumptive republican nominee donald trump is uncontested in today's primary in oregon. but he is facing questions about character and attack ads from a super pac that supports democrat hillary clinton. more on the campaign from hena daniels. >>> reporter: hillary clinton is looking to snap a losing streak against rival bernie sanders today. yesterday, she made a last- minute push for vot

now forbes is reporting that during the high-profile legal case, paypal cofounder peter till secretly also run some scathing pieces about him. >>> time now 6:47. let's check traffic with liza battalones. >> it's been a stressful commute especially in the south bay where we have had multiple accidents. the newest problem is northbound 880 just before the alameda. this accident involving several vehicles blocking two lanes of traffic. you can see our sensors are picking up those delays. now extending to the 280 interchange. so we're watching that accident. and just east of there on 101, there's an accident northbound 101 approaching story. it's off to the shoulder. traffic is backed up for a few miles approaching and passing the accident scene. stays heavy to about great america parkway. meantime, santa clara, that's also a major problem right now where el camino real has been shut down for several hours right now because of that accident. the strip mall shut down between nobili and flora vista. alternate cabrillo, gran nada, homestead or central expressway. lawrence expressway as well,

they say paypal co-founder funded the lawsuit. he has spoken out against gawker in the past for a story about his sexuality. >>> a rival to tesla motors could besetting up shop close to its competition. los angeles-based faraday wants to build a factory in vallejo. this is video from the youtube channel. he is eyeing the former mayor island naval base. they say the goal is to build the next generation of electric vehicles. >> making their mark on the ballroom floor. dancing with the stars has crowned the season 22 winner. >> it came down to the final seconds. now, our sister station in los angeles has a look at the finale. >> "dancing with the stars" is clearly over for another season, but for the winner it is just beginning. he hopes his victory will make a difference for deaf america. now that he has won "dancing with the stars" the deaf model plans to put his energy into the foundation. >> i want to focus on that after this and really focus on changing the lives of millions of deaf people out there. >> reporter: he is also writ

now according to forbes, paypal co-founder covered his legal bills. in the past they have run scathing pieces. >>> we know the bees that went crazy in concord were angry honeybees. the bees went on the attack earlier this month, stinging people, killing two dogs. experts thought they might be killer bees but dna testing revealed they are just regular old honeybees. they may have gotten aggressive when their hives were moved. when da lin covered it the bees were so vicious he couldn't even get out of his car. >>> new label on your meat. betty yu shows us what it is all about. >> reporter: you may have never heard of meat that is mechanically tenderized but new labels will warn shoppers to be careful with tender steak. >> more chance in the meat -- bacteria and salmonella and all that from laying on the butcher blocks and stuff. >> reporter: he doesn't sell tenderized beef. he says it is done on cheaper cuts of meat when the blades cut into the meat to make it easier to chew it could transfer bacteria to the inside and make people sick. why the usda is

look at businesses like paypal that pulled out of north carolina as a result of the law, 400 jobs gone. they do business in 25 countries where homosexuality is illegal and countries where this is punishable by death. >> posing this question and target's statement. if target does, in fact, change the mind set saying it's a bad business decision, change the policy, what's the transgender, lgbt and whatever letter is there, what will they say? >> if a guy is dress the up as a girl, there's no urinal. he has to go in the stall and shut the door. a woman as a man going to the man's room, she's not going to the urinal. it doesn't mean anything. it's a tempest in a teapot. i agree with the business guys that target should have kept their mouths shut. >> lisa, target's statement, they said this, quote, inclusivity is a core believe of target, something we celebrate and stand for equality and equity and strive to make our guests and team members feel accepted, republiced, and welcomed in our stores and workplaces every day. go ahead, lisa. >> pointing out the politics at play here. you have the

paypal, google and apple execs want the states to overturn the recently passed laws they call discriminatory. north carolina requires transgender individuals to use the public restrooms that match their gender at birth. >> it is the prints pal. it -- it is the principal. it really is. we haven't had the san jose city council that has been so supportive of the lgbtq community. >> they admit that staffers don't travel much to the two states. but it is the message that counts. they have mixed reaction to the council's >> they don't need to be distracted with things that are not the city's responsibility. >> i am glad they took a stand like that. >> the travel ban will take affect in june. in san jose, lisa amin gulezian, abc7 news. >>> still ahead on abc7 news at 11:00, when orcas attack. the new video that shows the wild scene off the north bay coast. >> i tried it and i really liked the smell. the smell doesn't smell like salmon. >> and salmon skin cream. could it really help smooth out the wrinkles? >> and 7 on your side's michael finney and consumer reports say don't trust what is listed on

even though stripe has some stiff competition, like paypal, the brothers have made two covers of forbesr- year-old company is now valued at $5 billion. not bad for two brothers who not long ago had to beg their bank branch for approval. >> john collison: when you have a major technological shift like this, it's not clear that automatically, the existing financial players are the ones who are going to win. >> stahl: even though they're huge and powerful. >> john collison: i mean, there were plenty of huge retailers before amazon, but somehow, this little, you know, upstart from seattle-- you know, in just a few short years, gobbled-- gobbled up the business. >> stahl: banks are so rich. do you worry that they are going to come and buy you out? >> patrick collison: well, luckily we have a say in that. and we want to build a long-term independent company. >> stahl: oh! you want to buy them out. ( laughter ) >> when the check arrives, your average henry reaches for venmo. translation at 60minutesovertime.com, sponsored by lyrica. before i had the shooting, burning, pins-and-needles of diabe

they say paypal co-founder funded the lawsuit. he has spoken out against gawker in the past for a story about his sexuality. >>> a rival to tesla motors could besetting up shop close to its competition. los angeles-based faraday wants to build a factory in vallejo. this is video from the youtube channel. he is eyeing the former mayor island naval base. they say the goal is to build the next generation of electric vehicles. >> making their mark on the ballroom floor. dancing with the stars has crowned the season 22 winner. >> it came down to the final seconds. now, our sister station in los angeles has a look at the finale. >> "dancing with the stars" is clearly over for another season, but for the winner it is just beginning. he hopes his victory will make a difference for deaf america. now that he has won "dancing with the stars" the deaf model plans to put his energy into the foundation. >> i want to focus on that after this and really focus on changing the lives of millions of deaf people out there. >> reporter: he is also writ

. >>> bay area companies like apple, google, paypal and lyft have take public stances against the bill. >>> now to campaign 2016, the race for the democratic nomination with two states holding primaries. voters are heading to the polls in oregon and kentucky. bernie sanders is poised to do well in both contests. cbs reporter craig boswell reports, hillary clinton is already looking ahead to a general election matchup against donald trump. >> i heard her going through -- >> reporter: kentucky voters and oregon voters could help determine who will win the democratic nomination. >> bernie, bernie! >> reporter: bernie sanders is probably going to win both. but hillary clinton has a huge delegate lead and is already preparing to square off against the republican opponent. >> i am hoping and really looking forward to debating donald trump in the fall [ screaming ] ! >> reporter: the money behind clinton is moving ahead, too. >> so you can see there was blood coming out of her eyes. >> reporter: priorities usa a super pac supporting clinton released its first attack ad against trump. this one

paypal, google and apple execs want the states to overturn the recently passed laws they call discriminatoryender individuals to use the public restrooms that match their gender at birth. >> it is the prints pal. it -- it is the principal. it really is. we haven't had the san jose city council that has been so supportive of the lgbtq community. >> they admit that staffers don't travel much to the two states. but it is the message that counts. they have mixed reaction to the council's decision. >> they don't need to be distracted with things that are not the city's responsibility. >> i am glad they took a stand like that. >> the travel ban will take affect in june. in san jose, lisa amin gulezian, abc7 news. >>> still ahead on abc7 news at 11:00, when orcas attack. the new video that shows the wild scene off the north bay coast. >> i tried it and i really liked the smell. the smell doesn't smell like salmon. >> and salmon skin cream. could it really help smooth out the wrinkles? >> and 7 on your side's michael finney and consumer reports say don't trust what is listed on the bottle. >> feelin

. >>> paypal cofounder peter teal is reportedly to have financed hulk hogan's legal battle against gawker. it was confirmed with a source briefed on the arrangement of a forbes report that the billionaire is the ex-wrestler's source of legal funds. he has a history of animosity with gawker as they outed him as gay. hogan won a $140 million lawsuit for invasion of privacy. >>> to some sports action now. after a record setting 73 wins in the regular season the golden state warriors are a single game away from being eliminated from the playoffs. oklahoma city rolled to the easy game 4 win, 118-94. they take a three-games to one lead. westbrook's triple double led the way. >>> the nats stephen strasburg improved to the perfect 8-0 as washington crushed matt harvey and the mets with the help of five homers. final in d.c. -- 7-4. >>> to seattle, ninth inning, down by one, one man on, here's the pitch. >> got him. >> high, fly ball. deep right field. >> go go! >> there it is. there it is. >> a ninth inning walk-off homer for martin, the game winner. extends his consecutive game hit streak to nin

paypal's co-founder calls him a terrible bully and outed him as being gay in 2007. he said that and articles about friends and others ruined people's lives for no reason. hogan won a $140 million judgment over the site. >>> the "washington post" is questioning the truthfulness of the former navy s.e.a.l. who wrote "american sniper." the report says chris kyle did not win as many valor medals or awards, rather, in iraq as he claimed to in the book. he wrote that he had been the recipient of two silver stars and five bronze stars, but the navy found citations for one silver star and three bronze stars. kyle was killed three years ago at a texas gun range. >>> "the chicago tribune" reports picketing at mcdonald's headquarters by fight for 15 activists. the 1,500 protesters marched yesterday to demand an increase in the minimum wage. the demonstration was held during the company's annual shareholders meeting for a third straight year. >>> "the seattle times" reports power is back on after a major outage downtown. some people were trapped in elevators yesterday during th

this all unfolded on the busy corridor, which is home to companies like paypal and samsung. laura malpert is on the scene and why did he do it? >> reporter: he wanted to mess up everybody's commute and that's exactly what he did. the vta trains are running as usual right now, but it was a big mess out here earlier today. it all started just after 1:00 this morning when they saw a man walking along the tracks here and then called the central station to tell them to cut the power as the man climbed on top of the train and refused to leave. this was the moment commuters waited 12 hours to see. santa clara county deputies and the cherry picker helping a despondent, shirtless man off of the roof of the vta train. the man now identified as 25-year-old kyle lewis of prunedale. >> a huge relief that it was resolved in a safe manner. the deputies weren't hurt and kyle was not injured. >> he wrapped himself in a yellow blanket as the crisis intervention team tried to talk him down at times showing them images on the cell phone. he talked about wanting to ruin everyone's morning commut

scar mucci, and paypal cofounder peter thooel and stanley hubbard who gave money to a stop trump pac. hubbard said all of my favorite candidates dropped out one by one. we're down to my least favorite candidate, and my least favorite candidate is better than hillary clinton. and reince priebus emphasized unity when talking about the vote from four years ago. >> the only way we can build our party to get to more than that number so that we can win is if you don't ask anyone to leave. you don't subtract people out of the room, but you build an ad and understand that, you know, if we can agree with each other, you know, 80% of the issues i think we're in pretty good shape. >> yep. >> and that's the -- i think, you know, the purity -- you know, is found in heaven. but it's not found here. and i think people just need to be reminded of that. >> donald trump says he's looking to make a deal on taxes for the wealthiest americans. he was in damage control after diverting from the proposal he made in the primaries last fall, saying in multiple recent interviews that the rich should pay more in

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i can confirm after a column i wrote about this very subject saying that paypal co-founder peter thielas behind the $130 million lawsuit that hulk hogan won over nick denton. people thought that hulk hogan was an independent actor upset over what happened with the sex tape with gawker. in fact, the lawsuit has been funned and financed in part by peter thiel. there's a lawyer, chris harter out in california that said expenses have been paid for by a mystery funder. >> it wasn't in your piece yesterday. >> it wasn't in the piece yesterday. the name had been floating about. and there was sort of some real issues about how and if we could actually confirm that his name was the person behind it. peter has had -- i tried to be more responsible. the good news is, the column shook some of the leaves around the whole thing. >> how did peter fund it? >> peter had a long history in 2007 with gawker. peter was outed by gawker. he's been very upset about it. has talked about it publicly in a couple different places. at one point referred to gawker as al qaeda. and has clearly had an issue with this

thiel, a founder of paypal and an early facebook investor, was targeted by gawker in a 2007 posting thatouted him as gay. nick denton, gawker's founder, is unapologetic about his brand of news. >> gossip is the version of news that the authorities or the celebrities or the officials don't want people to know. it's the unauthorized version. >> reporter: thiel's support helped hogan win the $140 million award that could now put gawker out of business. it's also raising concern that money from thiel and others like him could silence free speech. >> it really isn't a question: can someone else fund your litigation? well, of course they can. >> reporter: miriam smith is an expert in media and internet law at san francisco state university. does it make a difference that peter thiel kept his participation secret in this? >> it would be best to know who is funding the litigation. it would be best to know who is paying for what. >> reporter: late today both are trading jabs. gawker just posted a letter saying thiel is on a decade-long scheme for revenge. thiel says he's not looking for revenge.