paypal is up 4% now.egas sands down 1% and buffalo wild wings opened about 10, 15 minutes ago and it's down 9% now >>> amazon is the last of the stocks to report earnings. it's due out after the bell tomorrow joining us to preview those numbers are these two. welcome, guys, i don't know, i mean, what kind of backdrop do you think we have now? we've had netflix pop, google lower, facebook has been lower and then higher after the bell today. how does that set us up for amazon >> yeah, sure, there's a certain amount of euphoria around the stocks i would argue that amazon actually one of the better positioned among, you know, within that retail universe. we know that the core business is performing very well, they're getting market and sharing e commerce also if you look at the ancillary businesses that if you look at amazon web services, that business is really firing on all cylinders they've got some major customer wins lately. so that should provide another highlight. now i think what excites us even more

. >> and after the bell, paypal's chief executive officer will join us in a cnbc exclusive. that stock hitting an all-time high earlier in the wake of its new apple partnership. we'll get more details in the next hour. let's start though with this news that broke in the last hour regarding sprint dow jones reporting that the telecom giant's chairman engaged with warren buffett and cable mogul john malone about a cable investment those talks reportedly happened in sun valley, idaho, at the ellen and conference company conference where julia boorstin has been packing up and getting ready to go and hang around, julia. there may be more news breaking here so we all know that they were there but you haven't been able to confirm whether the conversations we were talking about there happened in sun valley, right? >> reporter: yes we know all the players are here and we mow that john malone has been taking meetings he's been having them behind closed doors and we saw them arrive what we expected going into this week in sun valley is the telecos, the at&t, verizon and sprint are the

that's right p paypal shares off fresh all time highs and i'm joined by paypal's ceo.hank you for being with us. >> good morning. it's a pleasure to be here. >> just before this you were talking about when you first signed with visa and the effect we saw in the stock prices, investors didn't love it now look at. this 18 months later, 24 partnerships with apple to visa and now bank of america last night. on the earnings call, more are on the way i can't help but think of two major retailers that you don't colonelly have partnerships with, amazon and costco. you said previously you've been in talks with amazon where do those stand are we going to see an amazon paypal partnership in the future >> i think in terms of the philosophy that paypal has right now is we are very open to partnerships as you mentioned, some 12, 18 months ago we announced our first partnership with visa. and that real yishgs ly, we toop back and said in this environment that we're working, is there a way to be cooperative and work together as allies with other players in the ecohim? really it's a wa

you know paypal. paypal moves to new all-time high. stock up 2.7% here at the close apple gains as well. you can use paypal on your apple app. back to you. connell: thank you, nicole. 40 some odd record closes since the election. melissa: oil closings near a one-week high up 1%. climbing for the third straight day. crude getting a boost from weekly inventory report showing the second straight drop in supplies. connell: you know janet yellen's testimony on capitol hill helped to drive stocks higher early in the day. she came out and said that the fed will graduate wally need to raise rates -- gradually. not by much and plans could change if we don't see a pickup in inflation. for more on this, rally on wall street, jonathan hoenig joins us from capitalist pig hedge fund. he is also a fox news contributor. heather zumiraga. yellen didn't say that much to me necessarily would drive the market higher as it did today. maybe i'm missing something. going through the headlines, what do you make of her comments? >> that was calm. that is it wha

a lot of people think paypal is plateauing here, i think they're wrong.fter today's rally, it might pull back before it has its next leg up but i like it. and consider the erratic run of the next best performer among the tech stocks. you can just read my mind, right? you know what i'm talking about. the one i named my dog after, nvidia i've been a huge supporter of this stock, but even i disputed the last ascent. my fear now is more about missing the next leg up than being obliterated by the next leg down from artificial intelligence to gaming to bitcoin. it's also essential to the mining of all crypto currencies. for this you're paying 40 times earnings for an $85 billion company. so you know what i know it looks expensive. some think it's grossly overvalued but remember, intel sold at roughly 200 times earnings with a $400 billion capital march in fact, i think nvidia feels more like intel stock when it was at $3 in 1993 and then went to $26 in four years.++ fast about 24 years ago in the dot com industry, i accumulated a small amount of microsoft, whic

paypal was downgraded today. it's up on the year. we know they have peer to peer we know a lot of people are going to be getting into this stuff. obviously, this jpmorgan announcement is fantastic. it's becoming a very competitive landscape. when you consider the valuations, paypal is trading 33 times expected at some point, it's getting expensive, especially in a crowded space when sentiment is off. >> think about the me lineay ma lineals switching over people that never had credit cards before then you add on those that have been on debit cards worrying about having a job, moving out of their parent's basement and now, they get some credit cards. i think it's an untapped thing >> i'm thinking venmo. >> you don't know how that works atds all >> did it that time -- and what happened with you? >> not really sure >> you went to the atm >> time for a little buzz kill here check out the transports falling 1% today the airlines, they were a big drag on the space. united, southwest, delta, all fell more than a percent the iyt down 3% from

music paypal said tuesday released news that paypal is now available on the apple store for music ibookyour ipod you make purchases, some controversy about when it actually starts, to come to u.s. soon i read another report now available. also, watching lulu lemon apparent infringement lulu patented more than one exercise abc unreasonable abc saying under armour infringed on party look at exhibit a, the bra lulu on left i won't say identical but similar saying that under armour infringed on apparent going to be suffering with this, and also, that the similarities are so similar they should pull it off now a comparison under armour down 3 % compared to lulu's loss of 12% last but not at least prime day that going to be a a record sales day for sam horizon not sure how many people shopped 6,000 items per minithird party sellers 50 times more items so you would year-over-year huge move there amazon echo record sales there, as well that they saw more than three times the sale of that as well worldwide so that is a big deal we foe that amazon has put retailers in a rut this year, trailer bra

elon musk making headlines again saying he's buying back, exit.com from paypal.s is of sentimental value from elon musk. this is a purchase from his former employer paypal, which confirmed the purchase to business insider. if you go back to 2000, the significance of this url, it is an online financial service, an online bank essentially, that merged with another company, which had operated paypal. it was cofounded by peter thiel. there's a little bit of historical nostalgia for x.com to be repurchased by elon musk. rishaad: indeed. let's get the crystal ball and move along in time to find out where the markets are headed. goldman sachs see them out consolidation in asia. linkedin -- we can discuss that with the aipac strategist. the big story today is randy as the topminated watchdog. a quick word on what we know about him. >> we've already discussed some of his background>>. the main point i would make is that the market, starting from the election of donald trump and the so called reflation trade that took place, and part of the rally we saw, was an expectation

. >> justin bieber is owed $19 from paypal. he let that one slide. >> and mel gibson, $216 from triple a, blue cross and amco. >> tom cruise is owed $1324 from paramount pictures, charles schwab and a few others. >> and kanye, $1886 from paypal, footlocker and quote insurance money. >> maybe if he gets that, he will give up on the money he says is owed to him. >> kanye, it's there, waiting. >> caitlyn jenner comes out on top with $3,892 from footlocker and insurance money. >> it's not just celebrities that have this lying around. you can check your own thing. and apparently, there's over $30 billion lying around unclaimed by all of us. >> you want to finish this. i want to check really quick. ip a -- i'm just checking something real quick. i'm researching a story, of course. >> shall i move on while you do this? do you want me to move on? >>> katy perry released a lyric sic video.o be confused with a they're apparently different. this is for "swish swish." but the star is not katy perry. and a lot of people are confused. >> it'

pretty good, too. >> paypal's up more than 2.5%.s in the air when it comes to stocks when we're talking about speculation around these two stocks, that they might get into something as well but in a market that's not muiing that much, interesting to see those two with some pretty significant moves. >> yeah. by the way, data continues tomorrow, adp on thursday, mortgage apps, oil and gas, and jobs on friday let's get over to scott wapner at the half. >>> all right, carl. thanks so much welcome to the "halftime report." i'm scott wapner our top trade this hour, the real reason the rally in stocks may be far from over with us for the hour today, joe terranova, stephanie link, the brothers najarian. let's begin with the markets dow and s&p. they gave back their early gains. dow's trying to fight back, positive, still down 19. the s&p and nasdaq are in the green. but the focus for investors now turning to earnings season just around the corner. and our bob pisani crunching those numbers ahead of the results and coming up with what could

paypal has now partnered with switzerland. way to go, ceo dan shulman it doesn't hurt that the bank stocks fell off a little last friday when you really come into earnings, no matter what number tends to get hit maybe this takes the sting out seventh, the cloud and artificial stocks all rallied, making the tech move pretty darn braced this is nice leadership. doesn't hurt, of course, to have nvidia rocking the house either. what a horse nvidia is or actually i renamed my -- nvidia invites any short sellers. auto desk, red hat, sales force, oracle and workday as go-to performers we should go to the pound and name all the dogs those. eight, a big drag on retailers are starting to mount a comeback i like the fact that home depot is ramping same with walmart, which i think didn't deserve to sell down that hard nine, europe is up again we forget how important europe is 777 million people on that continent and it's finally getting back on track. big rallies here in america are often mounted on turns over there. i think it will be a

. >> hi guys, i want to draw your attention to paypal and square let's talk about paypal. record high for this company this is after a partnership was announced between apple and paypal starting soon, it looks like you can use to pay on apple's app store, apple music, itunes, and ibooks, this includes 12 nations, the u.s./uk, and australia and canada now this is interrelated, look at square stock as well and square shares. we're rallying to a record high. this is on the back end of a report from an analyst at luke capital. maybe paypal should be buying square and that's to attract more customers to that get it guys? back to you. >> very good susan, thank you very much >>> meanwhile transports climbing to within less than a point of an all-time high. delta, jetblue, all trading higher. >> is there more room to run joining us now, staying away and david trainer who is buy the airlines welcome to you guys, i'll just start with you because this is a someday filled with optimism about bear numbers as you look out, get costs going up for labor they're not going to be able to rai

a few days ago musk bought the website back from paypal. saying it had great sentimental value to him. >> see what happens with it. >> yes. san francisco giants we know what happened to them this season and the a's kick-off the second half of the season. sports coming up. the wait is almost over. tomorrow.. madison bumgarner is set to make his first >>> well the wait is almost over. tomorrow madison bum garn earn set to make first start since april when he injured his shoulder in the dirt bike accident. tonight bumgarner getting in batting practice. he hit that one deep. very deep. way out of there. giants fans can't wait to get him back they need him to help the team get back on track. orange and black in san diego. second half of the johnny squat oh o drew the start gave up tlie running top the seventh shall we? buster posey to to centerfield, way out of here. giants hang on and win this game. 5-4. >> thes a of an gray was dealing he went six strong innings only giving up two hits when he is pitching like that the a's don't need a lot of

melissa: i love paypal. all the kids love venmo, if you have to pay a baby-sitter, they only use venmo. do you do any of these? david: none at all. i pay with old-fashioned credit card. little more information what happened in the u.s. senate. the amendment to repeal obamacare outright failed, 55-45. there were seven republican nos, susan collins, shelley moore capito, rob portman, lamar alexander and lisa murkowski. surprising names in the group. >>> a double threat, fox news reporting iran is prepared to launch a missile into space while north korea may be a lot closer to having a long-range nuclear missile than we thought. melissa: plus, she was one of two republican senators who voted no to proceed with the debate on health care reform, she's caught with the hot mic. we're going to weigh in on that one. >> the tape is amazing. the president pushing ahead on tax reform saying the middle class needs a break even if it means the wealthiest have to pay more, what does that mean? rates are going to go up or l

analyst comments coming out positive on twitter and paypal.out saying that they are making positive product changes in that it is going to ultimately end up in ad revenue growth. paypal saying they likely won't be acquired and they will come in and build their own p payment system. these are the movers i'm looking at. we're talking about the jobs report. i wanted to highlight the staffing companies making moves today. the workers come in and reenter the workforce. those payrolls came in higher than expected. it leaves me to my final chart. your's is record number of people coming into the workforce and getting employment here. that is why we are seeing the participation rate ticked up a little bit. something we talking to with the labor secretary. >> let's turn to the labor economy. 222,000 jobs last month. colleague talked. aprilsaw a revision for and may. >> things are in pretty good shape. what is left to be done? we saw a slight uptick in the job participation rate, which is good news. we need to get more americans back to work. very impor

paypal is rising in late u.s. trading.ny boosting their adjusted earnings forecast for the whole year. paypal topped earnings and revenue estimates for the second quarter. president trump's military transgender ban is meeting opposition from several tech leaders. tim cook tweeted his response this afternoon saying, we are indebted to all who serve. discrimination against anyone holds everyone back. rve.themse other ceos treated their -- tweeted their disappointment on trump's transgender ban. that does it for "bloomberg technology." we are live streaming on twitter. check us out weekdays. find a clock p.m. in new york, 2:00 p.m. in san francisco. this is bloomberg. ♪ >> from our studios in new york city, this is "charlie rose ." charlie: we begin this evening with politics. president trump deals with speculations that he will fire jeff sessions. he said he was a disappointed in sessions. news, thepolitical senate voted this afternoon to move forward and begin debate on the gop health care bill after by's president pence --

paypal is around 70 billion. visa led 250 or so and i think michael spoke to an important point.his is secular growth to the digital commerce arena and ebay is another beneficiary even with it not being amazon. if you're big enough to be ebay on a global perspective, as secular spending moves to that zone, you're going to profit. >> that's a great point. microsoft earnings are out let's get to josh lipton for those hours. >> eps of 98 cents, that's versus expectation of 71 cents revenue clocking in at 24.7 billion. the street was at 24.27 billion. just looking through the release, kelly, commercial cloud, annual run rate exceeding $18.9 billion. looking through the segments, revenue and productivity and businesses processes including the office franchise, that increased 21% to 8.4 billion that's basically in line with what the street was looking for. revenue and intelligent cloud that increased 11% to 7.4 billion. within that segment they say azure revenue growth 97% finally revenue and more personal computing that decreased 2% to 8.8 billion. looks like windows revenue from pc-m

what about paypal, could they be a better -- bidder? it, worldpay quite a bit in part because not only jpmorgan but the market assumes there will be no other bidder. your point is well taken, there are not a lot of players in scale in the u.s. let, if you are going to do anything, you need to go overseas. involved,in capital, they had bought it from rbs. a nice exit. >> it is, which is part of the game, if you take it private, you have to have some willing acquirers and it is possible the number of willing acquirers keeps dwindling. if there is any exit strategy, it is to invest in payment processors in europe and hope one of the big guns will take you. vonnie: we will keep you honest. thank you for the great deals report. when will the fed start to unwind its $4.5 trillion balance sheet? we will tell you what to look forward to when the central bank releases the meeting of the june meeting? ♪ . vonnie: and a beautiful view of midtown manhattan after the fireworks have disappeared on this fifth of july. i am vonnie quinn and this is blo

caroline: james, you saw ebay split from paypal.ee facebook potentially look to be building its own payment system itself. they certainly seem to be teching up to the fin companies here in london. james: i don't think so. i think they will stick to what they said. if you want to bring this back. cold to the beginning of the show, with a are doing at the same time is enabling subscription services for the publishers in order to extend an olive branch. at the same time, as they allow the subscription side, they will be collecting payment data. then you have the privacy issues around what they do with that data as well. they have to tread lightly here. caroline: we have so much we could be talking about from a regulatory perspective, from a payment perspective. james, it has been wonderful to have you life from new york with us. eileen from passion capital, wonderful to have you joining me in london. thank you very much indeed. great discussions from you both. that does it for this edition of "bloomberg technology." we will return on w

paypal and by processed nearly $18 billion in payments last year's -- last year.t was only a matter of time. time to bring you our press review. of focus lot unsurprisingly on donald trump's visit to paris today. >> he is in paris. he will be attending a best still day -- bastille day ceremony before dining inside a restaurant inside the eiffel tower. macron has invited him in the hopes of styling himself as trump's new straight talking best friend on the international stage. of ae men have something love-hate relationship. a visit is mutually beneficial. >> that's right. let me show you the front page of charlie hebdo. great again,july using trumps infamous catchphrase. the french paper suggests that macron wants to help bring donald trump out of international isolation. a love-hate relationship. the washington post explains he only agreed to the trip because he was promised a military parade which he loves. complete with fighter jets. the sort of the spectacle he wanted to stage at his own inauguration in january. politico says both of the men are alpha males se

musk started x.com back in 1999 and it eventually turned into paypal.s ago musk bought the website back from paypal saying it had great sentimental value to him. >>> after more testing this week, public health officials say toxic blue algae is still showing up in a pond in napa county. the algae was blamed for the deaths of two dogs last month. the pond is located at the end of milton road in napa and is part of the napa sonoma marshes wildfire area. blue green algae poisoning is most common in pets because they tend to drink the water. people can also suffer serious health issues from the algae. >>> some popular santa cruz beaches are open. people were banned from going in the water after a shark took a bite out of a man's kayak. he says he was a quarter mile past steamer line when he thinks a great white took a bite out of his boat. he said he fell out and couldn't climb back in. a fisherman pulled him out ten minutes later. some beach goers are worried about sharks, but not everyone is. >> i'm more worried about drowning than things like that than th

i like paypal in terms of story. tremendous amount of growth. thing we know, payments are changing you want to be in the places that are having that growth. paypal is one of them. trading wise, i'd probably be taking a little off there. if i want real growth, where i'm going to go is pinpoint. >> amazing how -- it goes back >> everything gets the bit coin. >> american express. >> after the costco thing, a lot of people, rightly so, by the way. this was a $54 stock the end of last year, this was a good quarter didn't raise guidance, but i think you can buy the weakness >> we have breaking news from the cbo. on the plan the to repeal obamacare. let's go to kayla. >> michelle, melissa, we have a cbo score for the stand alone repeal of the affordable care act. just put out and i want to give you some of the headline numbers they say that the stand alone repeal would reduce the deficit by $473 billion over the next ten year, during which time, a number of insured people in the country will fall by 32 million people in terms of what would happen to th

and let's talk about paypal. dan shulman once again, this time deal with bank of america this is about there's only credit card use. i should have realized this yesterday when michael from citi told me that only 20 or 30% of people use credit cards in transactions offline, but 100% use credit cards online, paypal the biggest beneficiary. he proved a lot of short sellers wrong, including a nice young gentleman i was supposed to debate and i didn't have the heart. that's not the way i play it >> tim, what is tonight on mad money? >> researchers has had a reversal here. e sports is probably the fastest growing. it's going to help twitter work with my assistant deb on this one, i think it could be good. and you know, i've got to tell you, united reynolds is the definition, cat tar pillar is one of the great untold stories. is there a theme here? american manufacturing do i want to be that for a moment yes. >> sure. >> jim, we'll see you tonight. mad money, 6:00 p.m. eastern time twitter shares are down, almost 12%, w

. >> you can now use paypal to make puchlss in the apple app store. the two entered into a partnership that lets customers link their account. trz that's better than what the company estimated. secondly, american airlines said it is ending coshare agreements. unsubsidized by governments. qatar was seeking a 10% stake in american airlines. shares of american rose 4% to 53.80. an experimental cancer drug is is one step closer to winning regulatory approval. a panel vote d in favor of recommending the novat leukemia. the fd is not abl b obligate d o follow the b pabl's recoda shares rose 1.5. >>> the unit said the economy is in troubled state is starting to dproe again. the bad new ss that the growth is moderat years of after -- west virginia finished dead last in cnbc's annual list of the top states for business the mountain state's long climb ahead. >> west virginians have had more than their share. >> we're going to put miners back to work. >> it is coal country. the last five years, mining employment is down 43%. but barely a flip in the decline that

they've been wrong paypal's been right. stay long. rob in rhode island. rob? >> caller: jim, hi this is rob from rhode island. boo-yah! >> boo-yah >> caller: what's your take on under armour >> i think they're making a turn i think it's a slow turn, not a fast turn. i prefer nike over under armor kevin plank is going to get back on his game. he doesn't know how not to kevin, you should come on the show and talk. art in california? >> caller: yes, mr. cramer, i like your advice on cbs health that's been going downhill. >> i've got to tell you, my travel trust, we booted walgreens today. why? because we think we're going to wake up and see amazon decided to do drugs, prescription drugs. and that's going to be the end cbs will be down 10% and walgreens down 10% i'm done i'm done with waking up and seeing amazon hurt my travel trust. that's it. okay i know they can't do all these things and i know that one day we'll say, you know what, this is a bridge too far but right now, amazon, i'm as concerned about them as everybody else listen up! i'm saying it loud and cl

of payp pa paypal to an ecosystem about $6 per share upside with today's 2% gain.not hereto displace you we are here to help you >> next, we have hp upgraded to huzuho security. right now it is at nearly 18 in par of changing the way mizuho is doing its system and revamping it the firm is seeking for upside of estimates i think there is tail winds in the pc business and some upsides could come from the graphics and packaging business >> your final stock is juniper networks remember them? they boost from 34 to 31 the analyst, tim long, notes, yes, the stock is under performed but he calls it under appreciated and under valued stocks more credit is given to the switching business of customer strategy it is now 27% of juniper revenues they get upgrades of stock up to 2.5% today, tyler. >> thank you >>> the new discounts of department stores and what those discounts are saying about retail the second hour of "power lunch" starts in two-minutes. moderator: welcome. come on in, have a seat. we invited real homeowners to participate in a blind challenge comparing two home

. >> paypal. >> we own it it's been a great stock. it is one of the few really dynamic marketplaces payment transactions, they're on everybody's platform everybody wants to partner with paypal they're growing, particularly with millennials we like this and we think they compete very well against other financial and tech players. >>> sue herera has the latest headlines. >>> at this hour, everyone, a spokesman for german chancellor angela merkel defending president trump's undisclosed meetings with russian president vladimir putin at the g20 summit dinner he said the chancellor was not surprised or confused by the meeting because the dinner was an opportunity for multiple informal contacts and talks. >>> queen elizabeth and prince philip visiting canada house in london to mark 150 years since the formation of the canadian confederation. they were given a red carpet greeting by canada's governor general and his wife >>> apple has filed a patent for a more secretive way to dial 911. using fingerprint technology according to the patent, ma

paypal estimates straight up. twitter estimates straight down.o i would not, you know, if you want to put all the odds in your favor here the twitter numbers are not going in the right direction. although there are a lot of other factors that play, m & a and stuff like that. but the facebook numbers, now doing 250 million daily active users with the instagram stories, which is -- that blows snapchat out of the water in terms of numbers already holistically, mobile video ad numbers are great. i would not bet against that stock at all. yvonne: you take a look at the moves on the s&p we're up more than 10% year to date and i think a third of the moves come from these bank stocks. when you look at the second half does it make you kind of wonder whether this can actually continue, this fascinating runup that we have or is it really time to start trimming some of the holdings? leigh: i really do think as we get to the second half of the earnings season you may see the market get a bit exhausted because you're going to get into the energy names. you'll

paypal and ebay also announce results after the bell. thea: let's get a look at major averages, down as we head toward the close. abigail doolittle is standing by. abigail: the moves may be small, but we are looking at records for the s&p 500, the nasdaq, and even the dow. second on pace for a record closing high in a row. the dow transports on the bottom down at about .8%. clearly, the odd index out about four days in a row. let's take a look at the intraday chart in the bloomberg. compositethe nasdaq index, up about 1.25% over the last four days. dow transport down 2% over that time. on the dow transport, a series of disappointing earnings. yesterday it was ual and csx. today, we have the shares of union pacific weighing on the dow transport. shares are down in a big way. chp robinson put up the biggest etf in history according to steeple. and you will see those shares are lower. here they are, down about 5.4 percent, while union pacific beat. but there are lots of questions about rail shipping costs and competitors. we do see more pre

second stock is paypal coholdin cantor paypal is stating its margins and paypal technology gives it aage. next up u.s. steel of u.s. flat role place prices for the remainder of the year. also, we are worrying about end market risks listen to this rate counts should be peeking. and they're thinking autosectors are rolling over >> something like that and finally your last stock of the day, it is alexion pharma. the pipeline is moving along and historical evaluations his target there on alexion is 138 and about 30% upside seen on al >> charlie >> the latest from dc after the break. plus, the count down is on, the test of the big night for the model three. the first 30 cars with roll off the assembly line. what does it mean for tea.sl we'll go behind the wheel and a skin skinny "power lunch. experience unparalleled luxury at the lexus golden opportunity sales event before it ends. choose from the is turbo, es 350 or nx turbo for $299 a month for 36 months if you lease now. experience amazing at your lexus dealer. they always refer to me as master sergeant. they really appreciate the milit

this week, the payments processo paypal to offer debit cards in europe. visa is one of the best performing dow components and expects a solid second half raising its full year target. >> the nasdaq rose for the tenth straight day. it wasn't a big gain, but it was enough to eke out its first ten-day win streak. the nasdaq and russell 2000 rose to fresh records. pulling back from th blue chip dow fell to 21,611. nasdaq added about five points. s&p 500 fell less than a point. as for the price of crude, it retreated after hitting a seven-week high. >> and the price of crude isn't what many expected it to be. that could spell trouble for the energy sector next week. and as jackie tells us, the larngest risk to earnings i equation is energy. >> next week is the week for energy company earnings and these reports will be important because the s&p 500 energy sector is down double digits. so far this year. for the markets to mark higher this sector needs a boost. the second quarter average price for brent was about 8% higher than a year ago. that in theory should b

payment app in china — and its trying to push out into the rest of the world and taking on the likes of paypalpresident of alipay. many thanks for joining many thanks forjoining us in the studio. good morning. iwasjust going to ask you about the genesis of alipay. it is somewhat controversial, it was spun off from alibaba in 2014. at the time, there was a big uproarfrom yahoo, a major shareholder in alibaba? yes, that is what happened. it was driven by the regulation requirement in china, third—party payment providers. regulation requirement in china, third-party payment providers. just looking at where your focus is now, we are talking about the expansion to new markets. you are still only targeting chinese consumers who are travelling abroad. why not target consumers from wherever they come from? actually, i get that question every day. at the moment, in this region of europe, we are focusing on the cross—border opportunities. you know, bringing 450 million users from china to spend in europe and help them have the same experience they have in china when they are travelling in europe. but we

they will be able to use paypal to purchase both iphone apps and itunes music with their paypal accounte in canada and mexico currently. but a bloomberg intelligence analyst think it is more psychological, less likely to impact numbers all that much. apple users probably already have a card stored. from the spinoff from ebay two years ago. lower in the premarket. harley davidson has lowered its second-quarter retail sales. this is a familiar theme back on june 23. ubs echoed similar sentiments and before this drop, shares were already down 10%. bearish expectations there. industrial and construction supply company are higher on a better-than-expected quarter. both showed more than 10% year-over-year growth. the big surprise is growth margins better-than-expected. as they hold these, they are on pace for their best day since the election of last year. alix: now for an update on what is making headlines outside of the business world. emma chandra is here with first word news. says hed trump, jr. never told his father about a meeting he had last year with a person who he was told had poten

all of the payments are made seamlessly through paypal. people who want to share the product with other people can get an incentive for doing that. >> personally, i like the app dark sky. it's a weather app. and dark sky's pretty accurate up to almost the minute. it will alert me based on my gps and area if it's going to rain. to take cover and not get rained on. >>> this week's #yourbizselfie has the art school, victory spot in fayetteville, georgia, was created by speech, the alternative hip-hop group arrested development. you probably remember their hit "tennessee." victory spot has classes in dancing, acting, and teaches people how to play instruments, as well. all of you out there, we would love to see your business. take a selfie of you and your company and send it to us at yourbusiness@msnbc.com, or tweet it to @msnbcyourbiz. include your name, the name of your business, the location, and don't forget to use the hash tag yourbizselfie. >>> thank you very much for joining us today. we'd love to hear from you. so if you want to get in

it is great that they will put an end to these, and notjust those ones, but american express and paypals. it does cost companies money to process payments. 5.5p for debit card payments according to 2016 figures, and 16p for credit cards. up until now some companies have passed significantly higher costs on to consumers, including the dvla, which charges £2.50 per card transaction. 77% of all retail sales in the uk are made using card, so it is the predominant way to pay, and therefore it is quite right that consumers should not be charged for the privilege of paying in the way they want to. surcharges will cease, but it will be open to firms to recoup the costs they incur by other means. sarah campbell, bbc news. the food sector got a little spicier today. us group mccormick & co — it makes these condiments here — is to buy the food business of british consumer goods giant reckitt benckiser for $4.2 billion. reckitt owns the french's mustard brand among many others. it's all part of mccormick‘s ambitions to expand globally. i will let iwill let samir i will let samir hussein explained.

it is great, these rules put an end to surcharging on american express and paypal as well as visa andnt had to go so good news for consumers. it costs companies money to process payments, 5p for debit card payments according to figures from last year and 16p for credit cards. up until now some companies have passed significantly higher costs on to consumers. including the dvla which charges £2 50 for each card transaction. 7796 including the dvla which charges £2 50 for each card transaction. 77% of all retail sales in the uk are made using cards. so it is the predominant way to pay and therefore it is quite right that consumers should not be charged for the privilege of paying in the way they wa nt privilege of paying in the way they want to. surcharges will cease but it will be open to friends to recoup the costs they incur by other means. our top story this lunchtime. the bbc reveals the salaries of its highest paid stars after being forced to disclose those on more than £150,000. and still to come. "three weeks to become legends." england's manager has high hopes for the women's f

mobile app, really cool stuff, great to o see you -- >> thank you for joining us, the cofounder of paypalth care push president trump tweeting this will be very interesting for health care the dems obstructionists republicans can have great victory for the peel latest ahead of today's vote on the obamacare overhaul. experience unparalleled luxury at the lexus golden opportunity sales event before it ends. choose from the is turbo, es 350 or nx turbo for $299 a month for 36 months if you lease now. experience amazing at your lexus dealer. for her compassion and care. he spent decades fighting to give families a second chance. but to help others, they first had to protect themselves. i have afib. even for a nurse, it's complicated... and it puts me at higher risk of stroke. that would be devastating. i had to learn all i could to help protect myself. once i got the facts, my doctor and i chose xarelto®. xarelto®... to help keep me protected. once-daily xarelto®, a latest-generation blood thinner... ...significantly lowers the risk of stroke in people with afib not caused by a heart valve pr

we will continue our coverage of tech earnings with microsoft and paypal on cap. -- on tap. bloomberg tech tv. that is all for now. this is bloomberg. ♪ ♪ >> from our studios in new york city, this is "charlie rose." charlie: we begin this evening with health care. president trump's ambition to repeal and replace the affordable care act was dealt a significant blow last night. ,n a surprising turn of events mike lee of utah and jerry moran of kansas came out against the bill. their defection left gop leaders at least two votes short of those needed to begin debating the bill. senate majority leader mitch mcconnell conceded that his party's efforts would need to take a new direction. senator mcconnell: we will have

it comes from the same mind that brought us paypal, tesla and spacex. >> i wonder how you feel inside. does it feel like a plane where your ear pops. >> i would have to see a a picture of the train. that's pretty crazy. >> reporter: it's no train. it sends pods filled with passengers through a low pressure tube accelerating to 800 miles per hour. the plan may seem ambitious or even farfetched, but already research is being done by local students right here at drexel university. >> it uses a a new form of transportation. >> reporter: peter is a drexel grad who works with 150 cla classmates last year. for our hyperloop competition. >> if. you can imagine air hockey, that's what we're creating. >> he believes this can be built. but critics say it's likely just a pipe dream that will face zoning issues and local obstacle cans as they dig into the ground. >> this is not going to be a fast solution. it's going to go very fast, but it's not going to be built very fast. >> reporter: randy gyllenhaal, nbc 10 news. elon musk said the approval he got was with states and cities like philadelphia.

it is a paypal version of europe, if you will. 14 times. have a run up the last couple of years, high level of debt on these balance sheets. we are a size where we are pretty noble and can provide -- nimble. we acquired a spinoff called premier solutions. we are able, given our size, were able to find opportunities. >> jim zenni, thank you for being with us. vonnie, thank you for having us. vonnie: wish we could've had more. that was jim zenni and adjacent kelly. here is mark crumpton. mark: senate republicans are moving ahead on a vote to begin debating the gop replacement for the affordable care law. it is still unclear which version of the legislation will be in play. former holdout rand paul said he was supported beginning debate and a john mccain, who underwent surgery last week, will return to washington today to cast a vote. former house speaker john proposal does will never repeal and replace obamacare according to the washington post will he made the statement last week. the post said he told the crowd "the american people have got

. >>> paypal raising its earnings outlook after reporting results that topped expectation.ompany citing user growth its a that ceo is coming up on squawk alley. >>> shares of buffalo wild wings missing the mark blaming high chicken wing costs and operating expenses the stock was halted briefly. >>> netgear stock getting a pop after topping expectations that stock is higher. >>> whirlpool cutting the full year outlook, citing a higher tax bill. >>> shares of discover finlt are falling after the company reported a 11% drop in second profit that missed forecasts as the credit card company sets aside more funds to cover future loans losses. >>> shares of f5 in the works are down after second quarter numbers missed expectations. down 7%. earnings, earnings, earnings there are people winning and people beating but in general massive individual stock declines and markets on both sides of the atlantic holding up. >> in the u.s. it's been the beats that have been notable mcdonald, boeing yesterday drove the dow up 100 points. >>> look for celebrity love? there's an app for that. i k

we will continue our coverage of tech earnings with microsoft and paypal on cap. -- on tap.t on bloomberg tech tv. that is all for now. this is bloomberg. ♪ qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqq ♪ >> the following is a paid advertisement for time life's music collection. bowser: hey, i am bowser. now, i have bowser's rock 'n roll party. wow, look at this, we have a cool drive-in. a cool 1957 chevy, and we have a really cool guy come at me. all we need is some rock 'n roll.

we had a deal this morning, world pay, square pay, paypal up on that news. $10 billion.their play to keep up with amazon. that is pushing competitors higher as well. climbing walls at shopping malls. thank you. officials have met up plans to reduce the feds balance sheet but they have left out one key detail, the starting point. we will discuss that ahead of the release of the june minutes next. this is bloomberg. ♪ david: this is "bloomberg markets: the trump economy." i'm david gura. the fed will release their minutes from their meeting in about 10 minutes time. joining us now with some insight into all of this is genus malik and that those ller. let me ask you what we know about the fed's plans to do this. some language in a statement about it. the fed chair had some questions about it. what do we know, what don't we know? >> we know it will be extremely gradual. everyave kept this in kind of boring language they could possibly do. it is going to be like watching paint dry. we know they will set cap's, they will have those cap change every three months. the idea is it

and inflection point stub hub, those can be monetized and it's been a year since they've spun out paypalmittal is a totally different animal if you believe in global growth, you want to own this it's a very well-run company and they've made a great position with steel manufacturer, lowering the debt balance. >> there's more to go. >> up over two bucks from last tuesday. >> but you have all of these stocks like that look at freeport it's up 5% it's o if you think global growth is growing -- >> i totally agree. >>> coming up after the break, rich greenfield on what investors must know before making an investment with netflix. we'll see that when we come back in two minutes the power of 100 of the world's top companies. the power of a proven 15-year track record. the power of an etf. the power of qqq. the thinking we put in, clients get out. power your client's portfolio at powershares.com/qqq. before investing, consider the fund's investment objectives, risks, charges and expenses. call 800-983-0903 for the prospectus containing this information. read it carefully. distributed by invesco d

the founder of san jose based paypal is investing $100,000 to bring it back. >> the tech community isseizing upon this. peter thiel is the latest person to back the quote, de-extinction. the money goes to harvard scientists who say they're about two years away from making a hybrid woolly mammoth >> peter thiel, have you seen jurriasic park? >>> home ownership and avocado toast. >>> developments surrounding tesla's model 3. why you could see distribution start this month. >>> mike and alexis helping to >>> mike and alexis helping to make this enamel is the strong, wof your tooth surface. the thing that's really imrtant to dentists is to make sure that that enamel stays strong and resilient for a lifetime. the more that we can strengthen and re-harden that tooth surface, the whiter their patients' teeth are going to be. dentists are going to really want to recommend the new pronamel strong and bright. it helps to strengthen and re-harn the enamel. it also has stain lifting action. it's going to give their patients the protection that they need and the whiter teeth that they want. ♪ in n

for example, the paypal co-founder, max levchin, from ukraine, tweeted, "as an immigrant and entrepreneurhousands of jobs in the u.s. i am beyond disappointed in this decision." tech has greatly benefitted from foreign-born talent. the future of immigration is almost the biggest issue for silicon valley today. it is one of the topics discussed there at last month's tech summit. the heads of apple, microsoft, amazon, met with the president at the white house. they have his ear, but on the subject apparently he is not listening. >> no. >>> 42 minutes past the hour. finally free of the grip of isis. what's next for the city? is the isis stronghold in syria the next to fall? are you ready. for color this bold and hair this nourished? garnier nutrisse ultra color with avocado, olive and shea oils. it nourishes hair to boost color. from dull brown to our bluest black. nutrisse ultra color. nourished hair. bolder color. you don't let anything lkeep you sidelined. come on! that's why you drink ensure. with 9 grams of protein, and 26 vitamins and minerals... best one ever! for the strength and ene

the founder of san jose based paypal is investing $100,000 to bring the beast back. >> peter thiel theest person to back the de-extinction movement. the money goes towards harvard scientists who say they are about two years away from making a hybrid woolly mammoth embryo. >> i want peter thiel to call me and let me know when it's coming back and where so i can be nowhere near it. >>> you can get to a popular state park at big sur that has been off limits since february. a private trail reopened this weekend. the area took a battering. last summer, the so brant ez fire and the winter storms. visitors can use a new shuttle that takes them to places in big sur north of the pfeiffer canyon bridge. the bridge is being rebuilt. it's supposed to open again in about two months. >>> the fourth of july parade in morgan hill has been going strong since 1876. it's been so popular people have reserved spots to see it for years in a peculiar way. >> people literally plunk down these lawn chairs or folding chairs. they chain it there. and just leave it weeks in advance. in fact, chairs were being put