the css paypal is in talks with amazon about setting up a -- the ceoationship says paypal is in talksith amazon about setting up a payment relationship on the site. david, really glad to have you on. i remember when paypal was the anti-amazon. ebay acquired paypal right after its ipo to keep it away from amazon. it's kind of amazing that these guys might finally get together. >> right, right. of course, when they split from ebay a couple of years ago, this was the thought that this was the one big retailer they would like to have. the question is, does it make sense for amazon? amazon as a destination site where you go and have various so i'ms already stored, not sure what they gain by in thepaypal, especially u.s., as a new option. paypal business has this rich history of data, right? they have an understanding of how ebay's business has worked for so many years. ofld that treasure trove information be available to amazon with this partnership? is one thing. the other thing i have been is that as an asset, it has really exploded. , what is a new asset that would perhaps be millennial

paypal has 15 million globally now and that's a new base of merchants that would be them.tive to >> paypal back in the day was blowing through about a hundred million dollars in cash flow per quarter. accumulated deficit of nearly $3 million. it was not by anyone's imagination a successful enterprise. but now it is quite a profitable business on its own. >> absolutely. a the end of the day, it's payment protssing company. where they have really succeeded is on the mobile side of the business. that has exploded. and now with the one touch buying on your mobile device. really starting to gain increased usage. paypal customers are coming back much more often to use the service. that is what is driving the whole shift to mobile. and the fact that there have been so many tech companies that theirried to come into turf but really at the end of the day, the alternative payment online anyway continues to be paypal's. cory: thank you very much. we appreciate it. up next, meet the commercial space venture trying to replace the international space station in the next decade. the acxiom space c.e.o. c

. >>> amazon customers could actually be using paypal for their purchases.he ceos of both companies have been discussing a possible partnership double but amazon customers checkout using their paypal account. paypal is helping a possible deal would lead to thousands of new user. >>> san francisco's mayor let a celebration in chinatown today on the first day of the lunar new year. children took part in the mid- a celebration. costumes laid out in a row, finishing touches. the year of the rooster on the chinese calendar. the mayor says the festivities will include many asian cultures. >> celebrate not just the lunar new year for our chinese community but for the vietnamese community, the korean community and all of the diversity of san francisco let's put on a really great international celebration of diversity this year. >> the chinese new year parade happens two weeks from tonight. >>> celebrations taking place at the san francisco zoo. dancers in traditional costumes performed for the crowd. visitors of the family farm could see a rooster named mac. it is h

max levchin is the cofounder of paypal.e's been among the most in his opposition for trump's policies. he joins us this morning in a cnbc exclusive. good to have you back. >> great to be here. >> you say in your thoughts that this is a as zenophobic assault if there ever was one. you believe that trump and the white house are simply trying to keep the country safe. why did you feel it was important to say this? >> i think border security is absolutely essential. and there's a way to do it right. and there's a way to send a message. and the message that we're sending with this policy is the land of opportunity is closing its door on the folks that either need its help or want to come here and contribute to our greatness. so i think the way the policy was designed, constructed, communicated, shows lack of consideration and just sends the absolutely worst message possible. and with respect to the refugee crisis that's happening particularly in syria but in many places around the world, just inhumane and wrong. >> max, from wha

paypal is in talks with amazon about using its payment platform.nfirming paypal hasng pal nearly 200 million users. talks show paypal may attract new partners after it split from ebay. toshiba meeting to discuss a range of turnaround options, chip business is on the agenda. canon could buy it. nucleare-down of its unit may come up, saying the expected loss may be $6 billion. toshiba's own estimates will be announced when it is out with numbers on valentine's day, february 14. our nextp toshiba, guest maintains an outperform on the company. outperformave that rating there? >> yes, i do. the value of the assets of toshiba, even with the losses in it'sar, the key thing is growing capability, and that's what all the parties are fighting to do. rishaad: ok, the new division is westinghouse, how did it get itself into such a mess? think the press has settled on the value of close to $6 billion to $7 billion. the acquisition they made last year. nuclear, i think it is a decision they regret, but it was then a nuclear renaissance. today, this frankenstein

investors want to know. >> it's cooler than paypal, right?t of paypal, but it's targeted at the millennial segment. it's interesting. 95% of venmo users, and it's like the leading app of the gen tech generation, put a comment on it. they share it with their friends. i think one of the interesting things is there's a generational difference in public/private. >> look at me. >> the older you are, joe, the more private you are. >> this is why i know i'm old. >> there's a fluidity between that public and private. and we really see thathat in ve. it's an interesting thing. >> i'm going to send you -- i'm not going to send you much money. >> send me a dollar. >> thank you. great to see you, sir. >>> when we come back, stocks to watch ahead of the open and at the top of the hour we have north island chairman glenn hutchins. he's our guest as we head to a break. take a look at ray dalio of bridgewater associates. this was earlier today on "squawk box." >> what is interesting is from deregulation, from creating the excitement and the can do, do i want

paypal traded at 35 last year. it shows sentiment does play a fair bit of it. there is also -- i do think that explains part of it. down 2% or so on slightly wider guidance doesn't seem too far away. >> i use paypal a lot. i don't have to put all my information in all over again. all the earnings we've gotten now will help set a tone for the session now. that includes alphabet, intel, microsoft and starbuck's, as you can see there. microsoft and intel is actually up 2%. michael yoshikami, this has a bearing on the whole market, seeing where it can take us from here. >> nasdaq has obviously been bumping up and the stock maybe not done as well, the high-tech stocks you named. yodsaenklai as well as a transition with. those with a written off technology, it may start getting longer in terms of innovation. i'm here in silicon valley, and i'm telling you there is. the hagt 1980s. david, we have to go. just give us your thoughts here, tech versus everybody else. >> i think tech would be fine this year, but we would be very diversified in certain areas. we bought heal

it is why ebay bought paypal so it did not fall into the hands of amazon.he car business, amazon let's get away from them and ebay dominates their. atzon is starting to look car parts, but ebay is dominant in that sector. right now, they own the business. caroline: let's make it three a charm. at&t falling a little bit. we knew it was coming up in terms of subscriptions and we are seeing anything about the time warner deal? cory: nothing in terms of progress. these results are not as bad as horizons, that is about all you can say. 1% decline year-over-year in sales, verizon downs at percent -- verizon down 6%. both hurting. the directv acquisition may not have been the best idea, enormously expensive. directv is losing customers. the time warner merger, maybe they are hoping for adjacent businesses. strangely, after all the effort and semi-decades of trying to add wireless, it looks like the businesses with the least wireless are the ones that worry wall street the least. caroline: we will put this all in the flavor of a record-breaking day. we will get to

think about if you have a company like paypal coming out saying we expect it to be x and the averageumber is 4 cents less, it's been significant. the sad thing about this, it's manageable. >> right. which you have been saying all along, through hedging techniques and others. so $10 billion head wind in q3. does that mean q4 will be a bigger weight? >> it could very well be. so what we in general are seeing and expecting is that you'll see some surprises out of the political rim that we're seeing now. we feel that actually you're starting to get less and less concerted effort by the g20 countries to keep the market somewhat controlled. so you may go back to the mid to late '80s, i remember, when you literally have these gapping markets where one minute the euro is 1.07, the next it's 1.04. that impacts and hurts companies who are not understanding and/or managing currency risk properly. that will hit the bottom line harder and harder. >> top sector that got hit in q3? >> the pharmas going in there. som some industrials in there. >> does anyone manage is well? >> yeah, absolutely. you

after the close, alphabet, intel, microsoft, paypal and starbucks.here's also a pair of economic reports. weekly jobless claims, thursday, out at 8:30 a.m. eastern. followed by december new home sales. the housing market has been strong. there was a fear that the rise in treasury yields and mortgage rates would slow down the momentum. have not really seen that. >> i think existing sales were not great. home builder stocks, a small segment of the market, it has been on a roll. >> home depot also. >> the supply/demand story is okay. >> we'll watch those sales later. starbucks is reporting. landon dowdy has three things to watch when it reports after the bell today. good morning. >> good morning. the street is looking for starbucks to report earnings of 52 cents a share on revenue of $5.9 billion. look for traffic growth at the coff coffee giant's u.s. stores has slowed. starbucks missed sales targets in the u.s. for four quarters. investors wanted to know if and when the company can deliver on its promise of 5% same-store sales growth in the u.s. again

he started paypal, and he also is part of president-elect trump's transition committee. >>> sits 4:14. we want to -- it's 4:14. we want to check in with alex. how is traffic on this early wednesday morning? >> traffic overall looking very nice. no major problems we are tracking. so that is good news. i'll take you now straight to the south bay, and let's talk about the gilroy super commute. there you can see it on your map. you can tell, it's a nice ride coming up highway 101 from the gilroy area through morgan hill, and trying to get into san jose or any of the surrounding cities there. now, let me tell you what things look like 23 you're traveling out of -- if you're traveling out of antioch and pittsburgh. you can see traffic is moving along very nicely, and it is an easy ride getting over the hill into concord. finally here is the highway coming through berkeley. no problem there trying to get there or through the maze in san francisco this morning. a few light showers this morning, steve, but thin it really cranks up. >> -- but then it really cranks up. >> that is correct. let me

it's a big deal for shareholders because when ebay spun off paypal, it was believed that paypal was goingo be the real hot growth engine out of the company. and that ebay's marketplace might struggle a bit. but sales have risen since then thanks to a redesigned website making it easier to search for things and ebay's shares are surging higher by about 6% in the early going. let's go to the big board and see how we're doing overall this morning. after yesterday's record setter, dow up by another 7 points. nasdaq is up 5. s&p is down 1 in the early going. back to you. >> jason, don't be afraid to send that bill to roberta for all that financial advice. there's no such thing as a free lunch. >> she provides some sunshine for some good hiking this weekend, i'm all about that. >> send her the bill still! >> i would still charge her. >> yeah, charge her. >> jason, thanks. >>> a young surfer just got a huge thrill. >> he shared a wave with a shark. 10-year-old eden was riding a wave in australia and he had some company. look carefully. the dad snapped this picture. you can see the shark just bel

after the close, we will get earnings, alphabet, microsoft, on -- and paypal.nother name to keep an eye on. let's look at where the major averages stand as we head toward the close. abigail doolittle is standing by. abigail: not a lot of action heading toward the close. the dow and nasdaq trading with the s&p 500. breeze -- a of a bit of a breather since early december, one that has the dow well above the important psychological mark but the big story around stocks, a very tight range and whipsaw's within the range. within that relatively calm service, we had earnings -- revenue estimates, ford missed saying thetimates, big draghi there is the forecast. stocks trading higher on the earnings, ebay up about 5%. mike is saying the recent stock is topping higher today. he does -- he is not convinced a turnaround is underway. real caribbean trading higher on a better than expected forecast. a place where there has been trading higher for most of the day, it did take downright -- right around noon. one cause could have been president trump speaking around 1:00 p.m. a

all big tech figures are against the ban peter thiel, the billionaire tech investor who co-founded paypaland sits on facebook's board, contributed over a million dollars to president trump's campaignhe supports the ban and released this statement through his spokesperson jeremiah hall. "peter doesn't support a religious test, and the administration has not imposed one."and his press secretary told the media thissean spicer sot - "this focus on securing our borders and homeland was obviously a major part of what the president campaigned on and now he's doing exactly what he told the american people he would do. the president will always put the safety and prosperity of our country first and foremost." and here is a tweet from president trump about the contraversy " if the ban were announced with a one week notice, the "bad" would rush into our country during that week. a lot of bad "dudes" out there! "gabe slate kron 4 news ahead at eight.. the charges a man is facing for a deadly mosque attack... a mosque which has been a target of hate in the past. president trump poised to announce his

so paypal is a little bit of a different story, but that's competitive related. you mention is a great bellwether and the hemt of google right now is strong. >> so you're with cramer that the stock should be up 22% revenue growth, 36% growth in terms of users clicking on ads. is that the big tickaway? >> yeah, the big takeaway near-term is everything is going really well with their search business. and that just continues quarter on quarter to turn out this 20% plus growth. the other piece as you mentioned is this theme of a.i. they've been hinting towards that over the last couple quarters. but their ceo last night emphasized that they're going to shift from a mobile first company to an a.i. first company. and that is significant. not over the next several quarters, but eventually the ten blue links are going to go away, and that's going to be a major change in terms of how we interact with google. so i think investors should take note that two, three, four years down the road google's probably going to go through another transition similar to the transition the

cofounder of paypal. >> diocese said closing schools.d confidential letter addressed to parents. here's more. >> reporter: parent handed unexpected letter this afternoon when picking up daughter. the oakland catholic diocese says the school closing at end of the year. parents and grandparents notified in el veerto today. >> it's one of the few schools that's affordable. this is going to be a great loss. >> in oakland decided to tell parents in meeting scheduled for this evening. >> really surprised. i really like this school. >> we'll get through it somehow, some way. it's a great school. >> in a confidential letter diocese cited the reasons for closing, low enrollment and increasing deficit. says all options have been exhausted. five schools charge low compared to other private schools. over 95% of students receive some kind of financial aid. school like these affordable option for minority families. >> good values, morals, respect and love for one another. >> veronica walker lives across the street from st. martin and says the school i

>> paypal me. kennedy: with donald trump head to the oval office. successor in the board room has a new catch phrase. has a new catch phrase. now? excuse me. again? be right back. always running to the bathroom because your bladder is calling the shots? you may have oab. enough of this. we're going to the doctor. take charge and ask your doctor about myrbetriq. that's myr-be-triq, the first and only treatment in its class for oab symptoms of urgency frequency, and leakage. myrbetriq (mirabegron) may increase blood pressure. tell your doctor right away if you have trouble emptying your bladder, or have a weak urine stream. myrbetriq may cause serious allergic reactions. the face, lips, throat or tongue or difficulty breathing, stop taking myrbetriq and tell your doctor right away. myrbetriq may affect or be affected by other medications. before taking myrbetriq tell your doctor if you have liver or kidney problems. common side effects include increased blood pressure common cold symptoms, urinary tractinfection, constipation, diarrhea, dizziness and

check out paypal, failed guidance for paypal was also light, however, the bigger news is the c.e.o.ks with amazon to use paypal accounts so the market not factoring that in this morning. earnings after the bell last night, the highlight was the cloud. you got microsoft and intel, both giants seeing the biggest growth from the boom in cloud. you have microsoft cloud unit was the 5 -- 95% in terms of revenue growth and almost doubled. intel is up .6%. and saw chip sales rising 30%. the cloud continuing to be a big theme for these tech players and we'll discuss it later when it comes to google in the show. david? david: thanks very much, alix. the yen moving lower after the bank of japan shows a commitment to capping yields. how low can the yen go? we'll talk about that next and this is bloomberg. . jonathan: from new york city this is bloomberg daybreak. i'm jonathan farrell. let's get you up to speed on the markets as we close out another week. futures positive, only seven points on the dow. we head for a week of gains heading into friday's session. we switch out the board, heading m

after the close, look for results from alphabet, intel, microsoft, paypal and starbucks.he coos of southwest airlines and ford will join us this morning to talk about their reports first on cnbc. mark fields just spent some time at the white house. we'll talk to him about his meeting with the president. >>> on the economic agenda, weekly jobless claims come out at 8:30 a.m., followed by december new home sales at 10:00 a.m. lots of numbers to chew on in addition to the big 20,000 headline. >> forget the three dow components. comcast is reporting. did you say comcast is reporting? comcast? >> comcast. >> comcast. we'll talk dow 20,000. we knew at 8:00. >> we did. >> futures. >> futures indicated they would open up. you called it you said in the first 15 minutes. >> it was immediate at 9:30. everybody is asking today "now what." the cover of "usa today." >> you went to journalism school. i don't know how to do print journalism. i don't know. "new york times," i'm trying to see the dow 20,000. i don't know how they select things. >> it's way down here. >> oh. >> let's look a

maria: i was reading the found thethe founderof paypal is consd to run for califora governor, what do you think about th? >> that would be an intereing selection. maria, i am really looking forward to working with an administration that is not only headed by machine fro -- someons hadeheaded by private sector. and surrounding themselves with competent others from the private sector. it is a perspective that is largely missing in washington, d.c., which is one reason i believe we have so much gridlock, people don't look at het rickmetrics, you have to sun the private sector to go on long-term. often times in government, failure allows you to get more funding, this is a different perspective. i think it will be refreshing. >> that is what i'm getting it and why i bring up peter teal, for first time in a long time, people have managed employees, created jobs, managed a balance sheet, and it is all business. and so that is part of the push back on the left. but it is a new approach. it will be interesting to see if this works, versus what we've seen. >> way too yo often career politicians

paypal says it is talking to byzon about letting shoppers music as part of its online giving system.hey have 200 million users which makes it hard for any retailer to decline its services. they may be able to attract new partners after making the split with ebay. bloomberg data shows that the thatt company of subaru is and company most exposed to tariffs from the u.s.. followoyota and nissan in that order. a quick look at shares right now. chinese soccer clubs pushed the global transfer market to a record $4.8 billion last year. the is they spend more than 450 million in foreign players up about 100 from 170 when you're back which makes china the fifth biggest spender in the global market. colin's toy four hours a day powered by more than 26 for journalists and analysts in more than 120 countries. time for a check of how our kids are doing across the region. >> a little bit mixed. we had that weakness coming through from the u.s. equity markets last night. we are seeing some coming through on the nikkei by about 0.3%. very thin trading across the region in japan. we are seeing some s

>> paypal me. kennedy: with donald trump head to the oval office. successor in the board room has a new catch phrase. the panel returns to judge arnold after the break. cars yod the ones you don't plus you get a free carfax® report with every listing it's perfect. start your used car search at carfax.com cialis for dai use tats ed and the urinary symptoms of bph. why pause a spontaneous moment? tell your doctor about your medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, or adempas® for pulmonary hypertension, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have a sudden decrease or loss of hearing or vision, or an allergic reaction, stop taking cialis and get medical help right away. ask your doctor about cialis. kennedy: in an exclusive interview with fox's sean hannity, he was asking wikileaks julian assange about the source of his leaks in

your financial data, health care information, and recently we saw them shut down major websites like paypal and twitter. we also cannot forget the millionstealing 20 security clearances from the united states federal government, including my own. that is only a fraction of what is possible. america's critical infrastructure from water treatment facilities to power grids have been infected by codes they could be used to grind our economy to a halt. what is worse, our democracy itself has been targeted. russia's recent hacks should be a wake-up call and a call to action. we cannot allow foreign governments to interfere in our democracy. when they do, we must respond forcefully, publicly, and decisively. the united states should respond to cyber attacks in a way that will make our adversaries think twice about doing it again. at the same time, we've got to get serious about playing defense. a 19th century bureaucracy cannot protect us from 21st-century threats. i've proposed a major reorganization and consolidation of our domestic civilian cyber defense efforts into a single strong cyber secur

carol: you guys take a look at something that is paypal for india.s is a story that goes to the scramble in india. they extinguish their two largest bank notes to combat corruption and frog in that market, but what it has really led to in this country and developing countries, the push for digital payments, what kind of space this is. the story captures that it is still wild west. we described it as a lot of people now pushing into digital payments, people don't even have cell phones. they're going straight from not even having a bank account or cell phone to processing all their payments online digitally. it is a multi-trillion dollar market and shows how for people who are brave and innovative, how they get that technology, there is huge opportunity. is a big point of conversation, the advent of fake news. combating it.le it has become a big deal and played a central role in the election. ofan: it cuts to the heart oil i think continues to be seen seerberating as we president-elect trump getting ready to take office. said, it's not clear whether th

we have more great voices coming out of davos, with a representative from paypal joining the program.tter, check us out weekdays at 5:00 p.m. in new york and 2:00 p.m. in san francisco. that is all for now. this is bloomberg. ♪ ♪ announcer: from our studios in new york city, this is "charlie rose." we begin this evening with a look at president-elect donald trump's plans. in an interview this weekend with "washington post," he said he was almost done with his plan affordable care act. they held both on repealing the law. in the interview, trump said his plan's goal was to provide insurance for everyone and to negotiate directly on medicare and prices.

the paypal founder has been discussing the idea with a small group of the visors. -- of advisors. he supported donald trump, but after two years of trump, some say the highest office in california will not go to somebody like peter teal or other supporters. he said he probably will not jump into the race at the end when the time comes to sign up. meanwhile, a california state senator is trying to tackle the fake news problem. this time through education. there is been fake news on social media throughout the election and some feel that it influenced voters. to stop the problem, he has endured -- introduced a bill to incorporate media literacy to school curriculum. that way students will be able to better analyze and evaluate the information they are exposed to. >>> as republicans try to repeal the affordable care act, they should be reminder that's reminded every day that 36,000 people will die annually as a result. chuck schumer and other democrats will hold a rally in michigan. it is a rally for healthcare and one of dozens of rallies across the nation that is aimed at informing

paypal ceo dan schulman will be joining us.are now live streaming on twitter, check us out weekdays at 5:00 p.m. in new york and 2:00 p.m. in san francisco. that is all for now. this is bloomberg. ♪ for: gold and yen declined the first time in eight days while pound retreats on yesterday search following theresa may's brexit speech. manus: china hopes prices rise in the fewest cities in the -- in 11 months, signaling the government curbs are taking effect. the pboc pumps record funds into the financial system before the lunar new year. samsung hangs in the balance. the company's heir apparent has just left court as he awaits the court's decision on his possible arrest. he's being investigated on bribery.

he co-founded paypal. he also gave more than $1 million to the trump campaign, and is part of the president- elect's transition committee. according to the report, he has been talking to advisors about running for california govern arer -- governor. >>> sal is off today. we have a ex-. how sit looking? >> so far -- we have a ex-. how is it looking? >> so farrist looking pretty good. -- so far, it's looking pretty good. in the south bay, this is the gilroy super commute. no delays at all coming up from gillle roy into the san jose area -- gilroy into the san jose area. a live look at interstate 280, as you come up and in to downtown san jose, no crashes or delays being reported. the folks on the left-hand side of your screen are coming across the golden gate bridge from marin county. you will encounter for the slowdowns at all. that's a good ride getting into san francisco. but you can see the roads are certainly slick out there. kind of light showers, steve, for the morning commute? >> light rain, some of

charge against the constitution is you will create an aristocracy, they think you are transferring paypalway from ordinary people, they don't like the idea that you will have six your terms for senator, four year terms for president, they don't like the idea of perpetual eligibility for reelection, they don't like the fact that you deprive people of the ability to instruct their representatives, to recall their representatives. they think there should be mandatory rotation in office. they worry this will constitute an aristocratic cabal and the people can no longer govern themselves. they are worried about taxes in the same way the revolution in some sense is about americans, as the americans fair share of taxes in support of the military that protects them. it is a fight over taxation. and at the state level. the federal government take over import duties, import duties and fund the national debt, the federal government and state debt and cut taxes, you won't have 2 hades taxes on land, taxes on head. .. 90% of americans are connected with farms if he gets congress and the ability to reg

plus, full coverage and analysis as microsoft, paypal, intel report quarterly results. in on thursday that does it for this edition of "bloomberg technology." before we go, let's have a look at the markets. tune in live on twitter and check us out on @bloombergtechtv. 5:00 p.m. new york, 2:00 p.m. san francisco. industrial average above 20,000. up .8%. it is technology that is one of the best-performing sectors. s&p 500 up .8%. amongst that of all technology companies that have reported so far have beaten when it comes to earnings. that is it. this is "bloomberg technology". do tune in for tomorrow's report, more earnings, and more record highs. ♪ president trump fulfills two of his campaign promises as he signs orders to build a wall on the mexican border to stem illegal immigration. made in the usa, the u.k. prime minister addressed the .epublican party she's there to put u.k. interest first. china curves continue. banksoc is set to order to

there is also rumor that kevin faulkner will run as well as tom stier and paypal cofounder peter teal.>>> the race is on to replace his congressional seat as well. so far 18 candidates have said they are running. there's a special primary in the district. a single candidate must have 50 percent in the first round or there will be a general election runoff. >>> now to other top stories. antioch police are investigating a shooting that sent an oakland man to the hospital. it was at the 1800 block of kabbalah road. the victim was in a parked car and is in critical but stable condition. >>> investigators are looking into whether a bank robbery suspect could be responsible for more crimes after a crime -- after a hunt. swat teams captured him at a construction site at santa clara under -- santa clara county. >>> they are getting requests from other agencies to find out if the suspect is linked to other robberies matching his mo. >>> a trial set to start tomorrow. lamaar disappeared from her bus stop on her way to school. antoine torres has been charged based on evidence including dna found

it created a new mobile payments market for square and paypal. gps, tom vacars and garmins we had. social media, of course facebook was around, but nobody really used facebook every day like they do now with their iphone and certain donald trump uses twitter every day and i bet you he used a mobile device that was influenced by the iphone. >> obviously it got the ball rolling, but as you mentioned it's been sort of an evolution as well. >> yeah. and even created its own economy. back in the day if you wanted to app you had to get it from the manufacturer or some preinstalled thing on your phone. but in 2008 when they opened up the app store, they could create their own applications to sell to the world, it created a new economy. >> i just want to go back to something steve jobs said. he said what we want to do is make a leapfrog product that is way smarter than any device has ever been and way simpler to use. do you think jobs did those things he set out to do. >> he absolutely has. what we have to be concerned about is what has tim cook got in his pocket. we talk about the iphone

winning, taking off with data health care information and recently saw them shut down websites like paypal and twitter. also can't forget the chinese stealing 20 million security clearances from our government including my own. but such attacks are only what is possible, infrastructure from water treatment facilities to power grids have been infected by malicious codes and could be used to grind our economy to a halt. what's worse our democracy itself has been targeted for instance russia's recent hacks should be a wakeup call and call to action. we cannot allow foreign governments to interfere if our dock democracy, and when they do we must respond forcefully, publicly and decisively, and respond in a way that will make our adversaries think twice about doing it again. at the same time we have got to get serious about playing defense. a 19th century bureau kacy cannot protect us. -- into a single strong cybersecurity agency at the department of homeland security. this will be my highest cybersecurity prior to in the next year. given my keen focus on reorganizing, streamlining and elevatin

you guys take a look at something, that is paypal for india.an: this is a story that goes to the scramble in india. they extinguished their two largest bank notes to combat corruption and fraud in that market, but what it has really led to in this country and we see this in developing countries, the push for digital payments. what kind of space this is? the story it sort of captures that it is still wild west. we described it as a lot of people now pushing into digital payments. people don't even have cell phones. they are moving up the rung and they're going straight from not even having a bank account or cell phone to processing all their payments online digitally. it is a multi-trillion dollar market and shows how for people who are brave and innovative, who are willing to take risks, and really just sort of get that technology, and amass that technology, there is huge opportunity. oliver: there is a big point of conversation, the advent of fake news. there are people combating it. it has become a big deal and played a central role in the el

everything is being digitalized, facebook, twitter, paypal. >> stephen: the internet of things. >> alldon moore, said the speed in power microchips will double in roughly 24 months. it's now about 30, but it's kept up. we're in the middle of these three accelerations. i tell the story of intel trying to explain the power of acceleration in technology. they took the 1971 w.v. beatle and said what in this car improved at the same rate microchips have over the last 52 years. they determined that car would go 300,000 miles an hour. it would get two million miles a gallon and cost four cent. so that's the power of the exponential that's really driving all the technology forward. >> stephen: how do we survive in it, thomas l. friedman. >> what i really argue for in the book and the reason the book nendz minnesota, where i grew up, is finding a way to anchor yourself in the world. the book actually, stephen, is the celebration of everything old and slow. it argues -- >> like crock pots, slow cooking? >> a little bit. it really argues that i think everything that matters today is actually all

he created the start of paypal. >> make it possible to send money to each other by internet.hn magid allowed him to find other companies that change people's lives. people who fail the first but succeeded often say in retrospect i only succeeded because i failed first. this woman says that. >> iowa state lone parent and it's impossible to be in britain without being homeless. john: that is j.k. rowling. she went on to write some children's books featuring a boy named harry potter and those books sold more copies than any fiction ever. her experi her to give speeches on the benefits of failing. in her case she says thanks to failure. >> i stopped presenting to myself that i was anything other than what i was and began to direct all my energy into finishing the only work that matter to me. had i really succeeded at anything else i might never have found that determination to succeed in the one arena where pulito truly belongs. i was set free. john: now she has a million dollars and her kids are better off because her failure gave her the motivation and time to write. likewise,

you guys take a look at something, that is paypal for india. goes to the scramble in india.

. >> debit card, credit card, paypal, soon another way to you buy grossy ozen amazon. >> you can use food stamps. they're testing a pilot program this summer to allow amazon and six other online grocery stores to accept food stamps this mission is to help communities with true desserts and people have little access to fresh produce and groceries. it makes a lot of sense. in our area shop right stores in new jersey and pennsylvania will also be participating in this program. >> there's good news from walmart the retailer is hiring this is one of my first jobs worked in the paint department. it will add 10,000 jobs this year as it opens new locations and remodels 60 stores. walmart already employs 1.r5 million in the u.s. >> flying high which air lines are best for being on time. overall 6% of flights on time and fewer than third of percent of domestic flights cancelled. who is doing best? well turns out hawaiian and delta posted best rates for on time flights. it is being on time if it gets there within 14 minute of schedule. >> get on the plane to close that door. >> coming up at 5:3

you're looking at alphabet, microsoft, paypal. give us some of your initial thoughts on these big ones. >> reporting for tech generally has been extremely good so far. we've seen good share price reaction, really where the reports have been strong or moderate. that's a great sign for the rest of the reporting season. we get the first of the big f.a.n.g. names tonight with alphabet. we had netflix already, which was strong. really for me, alphabet starts to signal that -- for the big internet names. >> and why is alphabet -- it's a core holding. but why do yyou continue to hol it? >> it's incredibly cheap. one of the interesting dynamics over the last 12, 18 months because investors have been operating in a risk-off environment they have tended to go for traditional names like microsoft or intel. google was flat last year as a performer. it's now incredibly cheap. more cheap than any of the top ten by size technology companies in the world. >> any of the f.a.n.g.s that you think are too expensive at the moment? do we continue to ri

. >> paypal, deutsche bank, pulling jobs and investments from north carolina. we do not need that here. >> in droves of businesses, entertainers, and sports organizations boycotted north carolina saying they won't support communities that discourage equality. the texas association of business says if that happens here, the state could lose more than 100,000 jobs and up to 8 1/2 billion dollars. lieutenant governor patrick has called their bluff. >> we know we are on the right side of the issue, we are on the right side of history. >> a speaker in the texas house, i republican, has suggested this is not top priority in the upcoming session. this has lawmakers in kentucky and virginia considering bathroom bills of their own. bret? >> bret: up next, race relations. winter weather for some of our fox affiliates, and charlotte, north carolina's governor authorized a state of emergency as the south prepares for a winter storm this weekend. forecasters say snowfall totals could range from 1 to 9 inches depending on where you live. this is a live folk from fox 12 in po

. >> paypal, deutsche bank, pulling jobs and investments from north carolina. we do not need that here. >> in droves of businesses, entertainers, and sports organizations boycotted north carolina saying they won't support communities that discourage equality. the texas association of business says if that happens here, the state could lose more than 100,000 jobs and up to 8 1/2 billion dollars. lieutenant governor patrick has called their bluff. >> we know we are on the right side of the issue, we are on the right side of history. >> a speaker in the texas house, i republican, has suggested this is not top priority in the upcoming session. this has lawmakers in kentucky and virginia considering bathroom bills of their own. bret? >> bret: up next, race relations. winter weather for some of our fox affiliates, and charlotte, north carolina's governor authorized a state of emergency as the south prepares for a winter storm this weekend. forecasters say snowfall totals could range from 1 to 9 inches depending on where you live. this is a live folk from fox 12 in po