paypal has two separate businesses, paypal credit to consumers and paypal working capital to small businesses. together, we're probably talking about $10 billion, which is a tiny pinprick in the context of jp morgan chase with its $2 trillion balance sheet, but as i say, there's a sharp pace of acceleration. >> amazon started as a small pinprick as well at one time. >> that's right. $18, now it's worth a thousand. >> ben mcclanahan from "the financial times," thanks for joining us, very interesting. >>> coming up, what the industry is doing about robocalls and how you can make them stop. >>> we've all been there. you run to pick up the phone and instead of a friend or a family member, it's that pause and then a recorded voice trying to sell you something or collect a debt that you don't even owe. robocalls like those are on the rise, i didn't have to tell you that, despite a government crackdown. the ftc this week announced $280 million in civil penalties against dish network including for robocalls. why are the calls still rolling in? andrea day has our story. >> hello, this is rachel at car

when paypal started off they had problems but they had every intent to fix it and now they are secondpaying for the stuff online. john: all of these are promising but they use the u.s. dollar, which is useful but since i was born this is like 90% of the value. this is what i could've bought back then. that is the reason that i am not putting all my eggs into this dollar. we have heard of this new form of currency called bitcoin. >> they are digital coins that you can send through the internet and transferred from person to person via the internet without going through a bank or a clearinghouse. john: this is what you are most excited about we met. >> yes, i am. >> wide? people have been using it to buy illegal things. >> people use cars but we don't want to vanna cars. john: the price of bitcoins wt ou >> people kind of chill out and sometimes there is an irrational exuberance but we sorted out. john: you are most excited about in poor parts of the world? >> millions of people, billions, in fact, people who have no land titles or property, while they might have is a phone and they are

people have been using paypal for a lot of ticket transfers and other types of transfer.nne: we don't think so. there are about to billion payments that happened between consumers that are happening today on cash and check. about a billion of those are candidates for moving on to the zelle. again, no trips to the atm. vonnie: how long do you think it will be before it's a cashless society? lou anne: we have been predicting the demise of checks since 1970. i think zelle will propel us there, but it will be quite some time. vonnie: what about other competitors? clearly a lot of banks are not involved, maybe international transfers. how would that all work? lou anne: we certainly view this as zelle this for everyone. even though 33 banks have committed so far, we on the path to get thousands across the u.s. participated. vonnie: what about outside the u.s.? lou anne: still to come. vonnie: if i want to transfer money to mexico or france, how do i do that? lou anne: not today. it is domestic only. by the lucky owned seven. are there other ways to transfer money and how does t

saying all these names i was listening on paypal and alibaba, two names i am long and they are greathey look exhausted back on the load here. >> that, in fact, this is why technic also are married with fundamental also as a way to basically don't tell me what to buy, tell me where to buy it i look at alibaba to take you back to those levels i don't think you need to wait for that i would look consolidation at 136-137. you don't need to buy t. numbers they came out last week were extraordinary by any measure. >> when you see move you did like last friday, a lot of high flyers, we saw what happened with apple it happens so quickly, does that make you nervous does that help you make the case when you see this exhaustion >> that is the mark right there. we will look back on friday at that time key inflexion point. it's not the bell that ends this technology, clearly that ist top, shorts-term inflexion point. ultimately, are you already seeing as the market itself has maintained its altitude technology a clear under performer, you see the classic signs of exhaustion, once again in the mos

or paypal. come off the high of the session but still hanging onto a game of .2%. even though apple is down today, they've had a monster year. it is up 56% and it did close at a record on may 12. it has had a very strong year despite some of the challenges that its critics have talked about. this is also reflected in the sheer bullishness of the stock. look at the anr function. all of this green, all of the by recommendations. middle,e in the neutrals. underperforming at the top in red. very bullish sentiment. the 12 month target price is 164.48. this is the gap between the present price of the target price which has been narrowing as the stock has been going up and up. i mentioned amazon and google. they are trading at records. something to notice about alphabet, the shares are about $1000 apiece. has joined it in the $1000 a share club. apple hasn't gotten to that level and we will see if it re-attains a record like some of its peers. scarlet: we will be on the watch out for apple perhaps one

charlie: in a world in which paypal exists? patrick: paypal focused on the consumer side of things, when peoplen a time did not have a lot of trust in this newfangled internet thing. what they had not focused on was building great infrastructure and tools and enabling new business models. figuring out how to the internet figures out how to make new things possible -- charlie: so there's your opportunity? patrick: exactly. charlie: how difficult was it? patrick: we first built a basic prototype. the problem we were solving initially was very straightforward. we wanted to be able to come to and to start charging customers from all around the world some revenue, some money. that process at the time took weeks, sometimes even months, and was very restrictive. -- ailt a basic order type basic prototype, and then it took us a young half, two years to lineup the funding and get partnerships in place -- and then it took us a year and a half, two years to lineup the funding and get partnerships in place. a lot of investors initially tho

should paypal be worried? >> i think it might be an accidental victim.t to get people. i think it is trying to make the experience better and bring peer-to-peer payment within its platform. it is trying to get money from this. are they a bank by default? they may be outsourcing some of that. they want to make a great experience. it is the same thing with apple pay. some said it would be a monster in terms of revenue because apple wants to be a bank, but that is not their business model. i think it is one of those little pieces that are building blocks. >> exactly. i don't think it will be a huge moneymaker for them. it is a convenience. it is something people can do within the messaging app. this is what we see with messaging platforms in china and other places. apple is expanding messaging to be able to do more things. we are seeing them build these mini platforms within the platform. messaging be one and siri another. i think that is what we can expect from the moving forward. caroline: we will see who wins out when it comes to keeping us addicted to t

using your phone to buy things you need to use an app from a bank, credit card or third party like paypal. according to the consumer confederation of america, some apps store more about you than you realize. like your name, home address and e-mail address. the contacts on your phone, your calendar, and what websites you visit. and apps can crack your whereabouts, where you shop, what you buy and how much you spend. and some apps may share with other companies. lock your phone when not using it. read an app's privacy policy. and know who gets what information. be careful when using public wi- fi. hackers and scammers can access your sensitive information. remember to protect yourself. >>> someone who still has a rotary phone, brian hackney. >> the hits keep on coming. >>> mostly a clear day around the bay area with temperatures forecast to be in the upper 80s. and along the shoreline here it will continue cool. the cold ocean water and the pretty good sea breeze. in san francisco, 68 degrees right now. things are warming up a little bit. and in concord, 79 degrees. it will be sunny and on

people to donate money to them and prprided a link toto how they c could donatate moneyo them by paypal or to their bank accounts and other information. ,n response to that article specifically in response too my ananchor urging peopople to done money to wiki leaks, i had dozens of people, literally dozens and dozens in various , and the comments section, events like this say to me essentially something along the lines of, look, i concur completely with what you wrote about t wiki leaks, ii see the value in the work they are doing in the proromise they hold. i definitely want to support them. 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 w worse, if at some poit wiki leaks is formally decreed to be a terrorist organization i could be subjected to l liabili, 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 wh

name to look at. >> you got to give kudos to leiutenant dan on paypal.the time, say he's debbie downer but he has been spot on on that one. >>> digital currency is one way to invest in the future. we are joined by the xprize foundation. bob, take it away. >> reporter: mellissa, a well-known figure here, peter diamon, human longevity, ininc., planettary resources, a good friend of elon musk, thank you very much for joining me. >> thank you very much. >> >> reporter: there are two things you keep talking to me about every time from an investment point of view that excites you, up vesting in space and investing in human longevity. how do we do it? what's it about? >> ply belief is those are trillion dollar markets, think of everything that held a value on earth, metals, real estate, you see spacex doing amazing work, jeff bezos, my company planetary earth going tout to asteroids, that i are trillion dollar aztecs in fuel, metals, building materials used in space to fuel our economy. >> reporter: how far advanced is that? where is this technology? mining ast

paypal lets you checkout with any of your payment types. because sometimes debit makes sense.nd other times credit makes sense. paypalso when you're readyayment preferto check outance. you won't have to type in those digits. our mountain is creating a more sustainable world. it's why we pioneered the recyclable can, and made our breweries landfill-free. coors light, whatever your mountain, climb on. i believe in me too. ♪ i am the unicorn of your confidence ♪ ♪ ♪since i came to know you baibe ♪i've been telling you how sweet you're.♪ ♪i've been telling you how good you're.♪ ♪please tell me how i look. ♪you look so good, fantastic man.♪ ♪ classic hershey's; plus cookie bits; plus caramel. hershey's cookie layer crunch. a layered twist on a classic. "the daily show"! while a lot of things clearly have changed under president trump, turns out, when it comes the war, some things are still the same. >> tonight, the u.s. striking a terror target, an unmanned drone hitting al-shabaab militants in somalia. the pentagon estimating eight militants killed. one of the al quaida group's ma

there is paypal, apple pay, square, other things. what are the big challenges you have?k what is really exciting in the marketplace right now is the convergence of online and off-line. obviously, technology is having a major impact. mobile is having a major impact. form factors are changing. so, 10 years from now, i do not know if plastic will be used at the same level. but i frankly do not care. because it really is the unique business model that american express has, the services that we have. over the last 10 years i have spent a lot of time in silicon valley and one of the things i do when i get to silicon valley is take those companies through our business model. and a number of those companies want to partner with us because what they say is american express has this integrated business model unlike other participants in payments. and so that is why we have a very good partnership with uber, with airbnb, with facebook. we are obviously are involved with apple pay, samsung pay, android pay. but what is very important is not to look at payments as simply facilitating

. >> linda carter my hero, paypal. they have receivables in the business they could sell. we know what's going on with payments. these guys are in the right spot. >> ali baba, it's a back future trade. if you missed out on amazon, this is your second craft right here. people don't like valuation, get a second bite at the apple. ali baba. >> nike reports in a couple days. this has been down in the dumps, starbucks, an all time high, similar sort of makeup. >> thanks for a great two days. enjoy that coming up next. >> that does it for us here on "fast money". catch us back here on monday at 5:00 p.m. eastern. don't move yet, "options action," that's right, starts right after the break. cold ref. it's what busch is known for. what are you known for? oversharing. in fact, i have this thing. nope. nope. [sfx: buschhhhh] [ music playing ] >> hey, we are live at the nasdaq site. while they're doing that, here's what's coming up in the show. >> biotech stocks surged this week. we'll explain. would you like to protect shares of apple for little to no costs? >> how did i live withou

prior to joining paypal in 2011 hill was vice president of marketing which pioneered technology that enable consumers to take weight and easily use a mobile phone. john built a vast network of two or 50 applications and operated in over 50 countries are building a merger network fund leading digital goods and on line and worked as general manager for he helped develop and market personal financial management software and consumer payment products used by leading financial institutions produce a senior product manager at yahoo! he helped create the award-winning yahoo! finance web site and developed a variety of payment services. he also cofounded loan back to help consumers manage $1.7 billion in loan from friends and family. hill of the badger's degree and mba from vanderbilt and the san francisco bay area so let's welcome into the stage. [applause] our second panelist is samir malik. samir is the vice president come senior vice president general manager of genoa the quality of a health care company. he came into this role for an acquisition of this company a city-based telepsychiat

i'm using visa and mastercard as numbers. [ bell ringing ] and paypal. more. >> lets's get to the opening bell. s&p at the bottom of your screen here this morning, at the big board, the iq west low volatility bond etf celebrating its recent listing. how much this last couple of days, since friday when things got tight in terms of range is about uk thursday, ecb, comey, all happening on thursday. >> look, i think that everyone, i think there's a level of uncertainty but i also think remember there's little to trade on. we don't really have anything. we already had the big thin, apple, right? that was about the ligest things that will happen, that didn't budge things. we have ford and what, you had, boy, michaels, hd supply. so we're looking at macro events. i feel that people are concerned britain maybe the election is more of a tossup. people talk about may, i listen to wilf having missteps but not a lot of economic data so we're defaulting. oil continues to go low eer. people expected something to happen with oil with qatar but no. it's a supply problem

it's similar to companies like paypal and square.pple did announce new ipads today, a 10.5 inch and 12.9 inch. it's a viewing experience you would typically get on high end tvs. 30% faster, better graphics. starts at $649 and is available to order today. also new numbers on apple music. now 27 million paid subscribers is up from the 20 million that we heard about in early december. there's a new way to listen to that music. apple did unveil a whole new device called home pod, a smart speaker. it will be available later this year in december. it will be siri activated so fans will be able to use that device to ask for music, check messages or news hands-free. kelly, back to you. >> thank you very much. >>> what does it mean for apple investors? joining us is apple shareholder jason ware and paul sagaous. jason, let me begin with you and from a shareholder point of view what you like about their announcements today. >> the announcement at the worldwide developers conference usually centers around supporting the ecosystem, supporting th

paypal lets you checkout with any of your payment types. because sometimes debit makes sense. other times credit makes sense. paypalso when you're readyayment preferto check outance. you won't have to type in those digits. i may be dead, but let me tell myou one last thing.d! get the new ipad pro! it has the powerful a10x fusion chip, so you won't miss me at all! thanks ghost computer. whoops, forgot my power-cord, coming back down. try going through it. way around the problem, coors light. whatever your mountain, climb on. well you're really gonna hate the new ipad pro because you can do pretty much everything with it, like type... hate it. or take notes... hate it. or even multitask. multi-hate yeah. you can do all the things you hate. great. ♪ [crunch] ♪ yeah! ♪ [crunch] ♪ hahahaha! hono-o, hono-o, hono-o!! ("flame, flame, flame!") ♪ [crunch] ♪ [growl] [slap] [slap] [punch] [crunch] >> trevor: welcome back to "the daily show." now, today wasn't all bad. there were also some exciting things that happened. first, after more than 20 years-- and this is real-- fox news announce

today, nvidia led tech names back along with paypal, i think that is a screaming buy.y fact that senate going back to drawing board on healthcare, we could get a cbo score friday, and might even think something in, in terms of a vote, that would be huge news for the market, and a sign that trump economic agenda train is finally moving out of the station. the broad market, look at the charts which you get a chance, the major indices, almost embarrassing to admit a lot of investors in last 48 hours were on the edge of panic. the underpinnings keep getting better. sycamore partner awaring staples. wish them low luck with that. >> seattle thought it was doing hourly workers a favor, raise minimum wage to $15, they have wrecked the lives of those very same workers, we'll tell you how it happened. i was warning for years that it would, we'll be right back. thank you! ♪ ♪ wait, i have something for you! ♪ ♪ making every stay a special stay. holiday inn, smiles ahead. whether for big meetings or little getaways, member always save more at holidayinn.com whatever it takes, wher

if there's money going out, a paypal account, then you want to have a mechanism to stop it.he death certificate. a copy of the will. photo id of the executor. >> that's right. but all that is is the digital world catching up to the brick-and-mortar world. which is not, you know, of no consequence. you know if you've ever been through the process, that death certificate, unfortunately, it -- it shuts down a lot of things. without it, nothing gets shut down. so now they're coming up with the same exact parallel in the digital world. >> thank you, eric. more ways the wonderful internet complicates our lives. next, how fighting my abc colleagues about life and death changed my life. ♪ i was playing golf a couple days ago... love golf. and my friend mentioned a tip a pro gave her. did it help? it completely ruined my game. that advice was never meant for you. i like you. you want to show me your swing? it's too soon. get advice that's right for you with investment management services. >> >> there is a lot we could worry about i have reported on lots of threats. >> deal had a coff

siri has been opened up to only a handful of app developers like them no and paypal and others.t there cannot you siri as a platform. if they were to open up siri, that might suggest they will do a lot more with it whether it's har hardware or usefulness on the form. it is supposedly learned from all these use cases. i don't know if that is evident in your use or mine, but that is what siri should be doing. we might hear more of that in terms of opening it up in terms of developments. vonnie: syrian i have to know each other little better. i want to ask about deals between apple and developers. thats usually been 30% apple takes from whatever app is being developed. apple needs to up its services revenue, is there any chance that they might offer a concession to those people? it is only a tiny fraction of developers that end up getting anything worthwhile out of this, correct? cory: i think what it really speaks to the sort of the business model of the apps. what cook would like and what apple would like is for a lot of the app developers to think about iterations of their apps

people will be able to pay eachother through imessage with apple payments this is apple's version of paypal or venmo.. a quick way to pay family, or friends ios 11 will upgrade their maps app to include more details inside public places like airports and shopping centers. "will take you inside malls, every floor, see everything" and the new mobile operating system will include a handy do not desturb feature when you you're driving if you activate it.. it will know based off gps and bluetooth that you are in a vehicle "this is what it looks like when notification comes in" and apple showed off a augmented reality developer kit they are releasing to promote the production of ar featueres for the iphone and ipad. they showed off some cool examples. adding virtual objects to the real world. some intense ar games that developers are working on were shown off. you can expect apple to be pushing ar in the iphone and ipad in a big way with ios 11 when it's out in the fall. ahead at eight.. the james comey testimony is on after president trump says he won't block the former f-b-i director. what come

if there's money going out, a paypal account, then you want to have a mechanism to stop it.y of the death certificate. a copy of the will. photo id of the executor. >> that's right. but all that is is the digital world catching up to the brick-and-mortar world. which is not, you know, of no consequence. you know if you've ever been through the process, that death certificate, unfortunately, it -- it shuts down a lot of things. without it, nothing gets shut down. so now they're coming up with the same exact parallel in the digital world. >> thank you, eric. more ways the wonderful internet complicates our lives. next, how fighting my abc colleagues about life and death changed my life. ♪ new parodontax. the toothpaste that helps prevent bleeding gums. if you spit blood when you brush or floss you may have gum problems and could be on the journey to much worse. help stop the journey of gum disease. try new parodontax toothpaste. ♪ dearthere's no other way to say this. it's over. i've found a permanent escape from monotony. together, we are perfectly balanced. our senses awake.

if there's money going out, a paypal account, then you want to have a mechanism to stop it.a copy of the will. photo id of the executor. >> that's right. but all that is is the digital world catching up to the brick-and-mortar world. which is not, you know, of no consequence. you know if you've ever been through the process, that death certificate, unfortunately, it -- it shuts down a lot of things. without it, nothing gets shut down. so now they're coming up with the same exact parallel in the digital world. >> thank you, eric. more ways the wonderful internet complicates our lives. next, how fighting my abc colleagues about life and death changed my life. ♪ [vo] when it comes to investing, looking from a fresh perspective can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. dearthere's no other w

been the hottest area in the stock market any company, payments, heard dan talk about first data, paypalhe leb tr electronification down the road. >> i don't get it. >> it doesn't seem there's enough vig to go around. >> what's vig? >> the spread, you're going to take a spread of transaction a gambling term. >> a gambling term when it comes to payments, it feels like paypal's there, the banks are -- they probably already have officially ruled out the zel thing. >> doesn't chase, by way, have a very generous rewards card with amazon there's frenemies all over the place. >> there's also the msci decision on china tomorrow i don't like this whole speck haitian about what's going to h happen. >> yeah. >> it is a big deal if it happens. >> if they include the "a" shares in there or not obviously it will matter -- especially matters more now because in this world, we all inve invest so essentially it's an automatic buy for those companies that would qualify if they make that call. >> i was looking at something earlier, all this stuff is going to get more and more important people trying to gam

example, oracle, tim cook of apple, john door, a top silicon valley capitalist, and alphabet, and paypalsupporter of the president. they discussed issues such as the travel ban's impact on their business, trans gender protections, veterans' issues and climate change. both sides say it's an opportunity to help modernize our government. >> many federal systems are decades old with the oldest being 39 and 56 years old. the department of defense still uses 8-inch floppy disks. until last week, the government was still requiring federal agencies to check software for y2k compliance. >> facebook's ceo was invited, but did not attend. the company said there was a scheduling conflict. >>> coconut oil may not be so good for you after all. a new warning out about that. >>> a bay area man trying to beat the heat and why rescuers had to be called in to help. >>> here's the view from the east bay hills camera, looking toward mount diablo, where it's pretty toasty today. i'll have the accuweather forecast coming up in just a inthe only bed smart enough toer change sleep as we know it. it senses your e

as you heard there and after that it was the chance of the director of the holy press office and paypalid that while the vatican regrets the allegations they kind of threw a lifeline to george pell by saying that they appreciated his honesty during his three years that he spent here as the head of the vatican finances, they appreciated his role as one of the [ inaudible ] -- and so forth. and also they confirmed that the pope allowed a leave of absence to george pell from his top post here, allowing him to travel to australia to attend that hearing. but of course as always here in the vatican you need to read between the lines so you need to understand what we don't know is whether that is a way for pope francis to allow george pell to slowly slip away from that post gracefully. peter. >> nbc's claudio lavanga is at the vatican for us today. >>> closer to home president trump's travel ban goes back into effect nationwide, places were visas are obtained later today, there after a supreme court ruling earlier this week lifting legal blocks of the action and upholding certain portions of t

was ready to offer a competitor to paypal, then moke, some of the electronic transfer services. apparently they are going to start integrating it into their existing platforms. .aypal in reaction, down 3% these a and mastercard have been trading little bit lower as well. julia? julia: thanks so much. general electric shares are rising after the company announced jeff in melt would be stepping down as ceo amidst activist pressure. hehis 16 year tenure tremendously reshaped the manufacturing powerhouse. he encouraged his staff to successort his started. >> we have better track record -- got a track record to be proud of. we have got to build on our strengths and make sure that we are known as an execution company delivering for constituents, including customers and employees and shareholders. we are thees, vehicle to get there. julia: joining us on the phone from chicago, barbara and the parini. so much for joining us this afternoon. investors are certainly liking what they are hearing today. what gives you optimism to maintain a buy rating? barbara: the transition, the timing is

people will be able to pay eachother through imessage with apple payments this is apple's version of paypalvenmo.. a quick way to pay family, or friends ios 11 will upgrade their maps app to include more details inside public places like airports and shopping centers. "will take you inside malls, every floor, see everything" and the new mobile operating system will include a handy do not desturb feature when you you're driving if you activate it.. it will know based off gps and bluetooth that you are in a vehicle "this is what it looks like when notification comes in" and apple showed off a augmented reality developer kit they are releasing to promote the production of ar featueres for the iphone and ipad. they showed off some cool examples. adding virtual objects to the real world. some intense ar games that developers are working on were shown off. you can expect apple to be pushing ar in the iphone and ipad in a big way with ios 11 when it's out in the fall. ((gabe on camera))apple also showed off new hardware including their new home pod. a siri speaker. a voice activated wifi speaker a

. >>> max asked about paypal. what do you say about that?is personally in the portfolio. we like it, could it go three to 5% lower or 7% because it's a high momentum stock yes. talking about all payments all together with online, i believe over the next five years you're going to be higher highs with revenues i'd be a buyer of this. >> interesting at the ww d.c. as the kids like to call it, they said they're going to have payments shot at memo. >> got two words for you -- >> that's one word. >> venue moe, the citizen moe. and i learn being this thing we were at dinner somebody said you go to vin mow so i did a bill research. guess who's been all over this stock. >> dan nathan. >> it's happened, it will happen i think this -- >> it may begin tonight on fast money we should ask why he's never been invited on "power lunch." >>> stefan in montreal wants to know about chesapeake. this is another one kind of like an amd in the sense it's in the oil patch, super super, has been volatile, they've gotten their balance sheet a little back in order. bu

>> did you see that i said that paypal would go down. scott wapner asked me.n workman, david, distribution now, this is a company that is in the oil patch and seeing good business. i cannot wait for tonight's -- i can't wait for everything. >> i don't blame you. >> i can't wait for everything. >> good, that's the way to be in life. i mean, come on. >> you can't wait for the phillies next game. >> how about a nice hawaiian punch. >> all right. you had to join us earlier if you're not getting that joke. it was a joke, i hope. coming up, carl has a lot more from the code conference, including a live interview with dick costolo and then the exclusive with jay powell. keep it here. s my headquarters. this is where i trade and manage my portfolio. since i added futures, i have access to the oil markets and gold markets. okay. i'm plugged into equities- trade confirmed- and i have global access 24/7. meaning i can do what i need to do, then i can focus on what i want to do. visit learnfuturestoday.com to see what adding futures can do for you. welcome to holiday inn!

say a month, maybe two months i think stories like apple and tesla, amazon, well-positioned, and paypalell-positioned longer term. i think there's differentiation of which companies properly ride the next wave. >> why not netflix that's been a darling. why are you negative on that one? >> i think in the near term, once apple turns on -- or amazon on apple tv, you're going to start to see more people who, especially in the u.s., who have these netflix subscriptions turning off. they get it free through the prime membership, and i think that's a near term negative to the story. >> is the netflix, though, line up the bloodlines of the world, orange is the new black of the world, compelling enough to keep people from doing what you just said >> i think that on the margin people start to drop off, and, ultima ultimately, comes down to the content they create. jeff said content is the fourth an upcoming of the amazon stool. we can't see that necessarily today, when we compare content of netflix and amazon, i think if you fast forward years from now, you'll see better content from amazon, and

apple homepod speaker should i sell paypal because of apple's peer-to-peer imessage service?ust in.... george and amal clooney have welcomed twins ella and alexander clooney. the pair was born this morning, according to george clooney's publicist. he says both babies are "happy, healthy and doing fine." ( mark ) it's one on the most anticipated hearings in washington so far this year.( darya ) former f-b-i director james comey.. set to appear thursday before the senate intelligence committee. tom foreman has a preview. ( mark ) that was tom foreman ( mark ) that was tom foreman reporting this morning. comey is expected to testify at 7:00 thursday morning. we will have complete extended coverage of his testimony right here on the kron 4 morning news. ( mark ) plus... a bay area couple claims police went too far during a traffic stop. we'll show you the video and tell you how pol

he's a very successful entrepreneur, as you know, he did a paypal and many other companies.cex, he has gotten $4.9 billion, that's b as in bowdacious from you and me, taxpayers. so let's hope this time he's going to use his own dime. ashley: how long does it take for you to get to work, larry? >> for me, it takes about 25 minutes door-to-door, depending on the traffic, and it's very erratic in california. there's no question something needs to be done. when you talk to people in l.a. it is the number one complaint traffic congestion. what should be done about it? we ought to have pricing so that when you have on the freeways at 5:00 in the afternoon, you pay more money and nobody wants to hear about that. but that's the finest way to deal with traffic problems. ashley: talking of money, let's talk about california's 125 billion-dollar budget. more low-income families are quantifying for subsidized child care under this new plan. your thoughts on that, larry. >> well, it's not my job if i have a child to command the government to help me pay for that child to raise a child. a

i was about to and dan schulman at paypal convinced me that may not be the best idea but are the manufacturersthese devices getting smarter about this as they realize the weaknesses that are out there? >> i think they're trying to the problem is, is that manufacturing is a very, you know, specific type of process that they follow and introducing technology that's connected over the internet is a brand-new concept for a lot of these folks and so they're really struggling with, you know, the actual security that you put around that, and it's not with the times. hackers are figuring that out and it's definitely an avenue of attack the manufacturers aren't building a lot of security even the amazon echo still use clear text not using https for some of their software updates even companies like amazon have security flaws when it comes to how they're integrating this technology into our lives. it's going to be awhile before we see a big focus on security and take a lot of different types of hacks around the home for them to actually take it seriously and start to address it philips hughs awhile to a