look at paypal, up 75%.is a stock for investors to take a look at even the valuation is at a premium. the company is really growing and putting up strong quarters. great execution. vonnie: thank you for that. week bloomberg has been reporting of the automation wave hitting wall street. firms are working to develop software that can suggest trades. advances in technology means summer pretty major job losses as people replaced by automated services. joining us is rishi ganti. thank you for joining us. what is the trend you see most disrupting things? rishi: the trend we see is mass up comprehensive -- copper attentiveness of the attack on automation on jobs rate large. -- writ large. really it is up and down the pay scale, up and down industries. that is becoming conference if. shery: there was a report saying machines are ready to do one third of the jobs being done by banks rank-and-file. where do these people go? speculative,s very but when you haer is a lot of -- hear are a lot of buzzwords like they have

launching a new service called paypal for marketplaces it allows companies add services to paypal likessions, fees, partner payoffs. >> joining us to talk about that and much more from the money conference, paypal ceo bill ready. he's with deirdre, take it away. >> i know it's been a busy few days they mentioned one of several announcements, i want to ask you about letting messenger users send money with paypal you've already integrated with paypal and siri. could we see it in whatsapp? >> we're allowing people to make person to person payments inside messenger are. we think it's a great thing that lets users do p to p payments wherever they are. we see tremendous uses with p to p. we've partnered with google, apple, and others across the ecosystem. we think there's explosion of new contexts we've opened up our platform >> will we see more of these agreements on the way? >> we've announced a number of these over the last couple of years. i think what you're seeing is that players in the ecosystem are recognize that go the unique nature of paypal and our two-sided platform connects peop

we've got an earnings alert on paypal hitting a new all-time high in the afterhours session aditi roy with the latest. >> reporter: hi, melissa paypal shares surging in the after hours, 4% after posting those results. the company showing strong growth in customers and engagement the highlights include 218 million active customer accounts, beating expectations of 215 million that's an 88% increase year over year payment transactions coming in at 1.9 billion analysts had predicted 1.85 billion, another beat there. total payment volume was $114 billion. that beat expectations of $109 billion. the digital payments platform attributed the growth to an increase in mobile payments and venmo's share of total payments volume dan shulman also spoke about the company's news this week that it would expand venmo to 2 million u.s. retailers >> this is an important milestone for us, as we both add differentiated functionality for venmo consumers and begin to monetize venmo our existing paypal merchants are also excited to offer venmo as a way to pay on their sites >> reporter: paypal has beat on ear

paypal is valued more highly than american express.ake sense >> you can make it make sense. paypal is probably addressing a bigger market if they stay at the center of the payments world. american express is really kind of fighting over zero sum in terms of who owns and uses their cards. you know, at some point maybe that equation changes when it comes to paypal. in fact, i'd be interested to ask the question, you know, maybe to brad, it's fascinating to see mastercard, visa, paypal, first data, all these companies that are at different layers of the payments world, sometimes on top of one another, all thriving at the same time i guess it leaves the question, is there enough to go around, are they all going to maintain their position in this new world? >> yeah, no, it's a great question look, we're still in the early stages of cash and check transferring over to payments on plastic. we're still extremely early in the game of payments transferring from plastic to mobile this is just -- we're in the same stages of growth where it lifts a

are you buying or selling tim's pitch on paypal? pete najarian?luation, tim can show you, that chart looks fantastic, especially some of the drawing you did on there but i can tell you this, it is an unbelievable company, they're doing a great job. i go with venmo, in other words paypal it's going higher. >> he's been all over this >> sell. >> he makes a great pitch. but the stock is up 70%. i think the story has -- it's got a beautiful balance sheet. this thing has got a $76 billion enterprise value at some price, i see somebody coming to make a move for them when you think about the market cap of visa and mastercard i would be a seller at 666, a buyer at 10% lower >> you see how this whole space is overbought. how do you flip the switch on this when in fact it was expensive probably five bucks ago? >> it feels like your sloppy seconds, brother >> hey, hey. let's wrap up here guy. >> there are young people watching at home >> it's all about venmo. >> it's all about the venmo. my bad but -- and i admire tim's courage in pitching this two days befo

some say paypal will begin enmo.izing than m -- v 64% of these users at say it is their preferred payment method, saying there is room for expansion and those who do use it like it. expand says they might to millions of other proprietors so that could be very big. joe: when you use it, the you include a funny memo? [laughter] abigail: i included nothing and at the last moment i realized it could be made public. i do not have it public and i

>> paypal is pretty different than american express. that stock is up 70% square is up more than 100%. investors have gotten hip to the fact that there is a very strong secular trend. where american express and visa and mastercard play is a little different, but they're benefiting from a lot of the same trends. american express, earnings are set to rebound up 10% next year, market multiple at 16 times. i think you're going to see $100 in the stock over the next few months the prior all-time high is 96 1/2. to me that breakout was powerful i think the valuation and then the secular trends among the whole space, i think you're going to see this thing trade 10% higher over the next two months >> the reasons why we were talking about bitcoin and crypto, the payment system is the same concept happen the world is not banked and yet is in a position to make payments through paypal. i think the stock deserves a better multiple than it's priced at right now up 70% year to date. it's rich. >> they also have $6 billion in cash, no debt. paypal is

>> answer to that is found in the ebay call, congratulations to dan schulman, paypal, separate from ebay, blowout quarter. ebay on the conference call, analyst says amazon is moving aggressively into the auto parts business, how is it hurting you? it's amazonable play we let amazon win. and we don't play against them renee in florida >> caller: hi, i'm so happy to hear you i love your show thank you for all that you do for us. >> we try to come out here every day and deliver for you. >> caller: i know. i'd like to know about gpc, tutor preeny corporation it's got a great story immigrants from 1800s with great fundamentals, major building projects including the world trade center, donald trump buildings, everything nationwide and worldwide. i purchased some and would like to know if i should double up? >> no, i don't want you -- i think the infrastructure situation is very hard in this country. i got to tell you, watching david faber interviewing john flannery, the ceo of ge tomorrow they went big in infrastructure and went bad we're not going to make that mistake in the show. you have a

paypal outperformed both the set and mastercard in 2015.ia:, the september jobs report is on tap but the headline number may be over overshadowed. we have the charts you cannot miss next. ♪ julia: welcome back. it is time for the bloomberg business flash. the federal judge ruled against wells fargo's request to have his bogus accounts case thrown out. failed for the bank's best interest. they made statements to the sec but they were dismissed. have hit aors shares record every day this week. this is from an analyst that predicts a $13 billion business emerging from gm for self driving car and car sharing. this is a big turnaround for gm. the shares have been stuck in neutral. mexican beers have been showing up at american holidays. they have been popular at summer months, including during the fourth of july. there are expected earnings that are higher. going up as sales of wine and spirits slow. newton locked a few will reporter last night after they asked a normal question. and that is your bloomberg business flash update. scarlet: what'd

. >> how about the fin tech company paypal, judge? i know you're not going into a store and dragging plastic with paypal, but when you look at the performance of this one versus visa, versus master, of course, versus american express kills them i mean, it's 72 misversus like 38 for visa and 42 for master or vice versa i might have flicked though. nonetheless 72% for paypal it's just hitting high after high after high and continuing this monster run. >> paypal and ebay, by the way, get price target increases today over at morgan stanley. >> and i would not be surprised if visa when they report this quarter if it's actually very conservative guidance so if you're in the stock and you do see that pullback, i don't think you flinch for a second. i think you stay with it, and if it pulls back you buy it but this could be a quarter where historically you see some guidance. >> i have nobody that would buy mastercard, too. >> i like the european exposure to visa. >> if i wanted to do something other than visa right now it would be american ex

company is owned by paypal.re will work using it enters it -- an existing interface that paypal has for shopping online. alison: maryland live! casino is celebrating a milestone by finishing its new $200 million hotel. don't know if you can use vinmo for that. today the final steel beam was lifted int sometime next year. montgomery county police are being credited with rescuing an elderly woman with dementia. jonathan: within two hours of the first 911 call, an officer spotted the woman in the woods in gaithersburg. the woman wearing only a nightgown, socks, and cap. the officer took quick action. >> i think what resonated with me was the officer's hand on this woman's arm, and being reassuring. sometimes i see officers take the time to just take the extra steps. jonathan: the officer later texted the woman's daughter. she said she prayed out loud that she would find her and be safe. less than five minutes later, when it you know it, she spotted her. if you have a loved one with development all disabilities, alz

>> taking a look at paypal, which is down slightly.ll talk about venmo and any deals with amazon. that is their peer-to-peer payment. it has grown in volume. has grown to 8 million in the second quarter. it has been a record since it spun off from ebay in 2013. expectations for nine quarters met or exceeded. they want to know if they have a button on amazon for paypal. back to you. liz: thank you, nicole. very much. let us bring in former ubs america chairman ceo, fox business contributor robert wolf, who was on a trading floor 30 years ago today. >> solomon brothers. liz: before the scandal. >> come on. i was only 25 t was totally different. it was crazy. it was down 20%. remember bonds were 10%. people were buying insurance that for portfolios. the market was up 40% for the year. it was the wild west. people didn't know how to react, what to do. it was just crazy. liz: you're on the phone. you're getting all kinds of calls, sell, sell, sell. >> we were on other side. we were buying bonds. salomon was a fixed income shop. the place wa

he found paypal.nterview with him, i asked about the trend he is seeing in the lending arena now. take a listen. >> we are just about ready to -- enter this new market where companies good at managing ,isk, smart at reserving setting up for long-term success will pick up stragglers who don't have capital or management teams, are not ready to take on risk management demands and regulatory demands. emily: what do you see happening with predatory lending for example? max: i think the promise of fintech, what we have all come here to do is get rid of predatory lending. it is to shine a spotlight on what is the wrong way of doing this, bringing more acts of into the darker reaches of the pawn shop's. i think the opportunity is still there. we are all working on it very hard. the dense has been made, but it is small. , but it is been made small. a lot of people have no access to credit. emily: talk about the newest development and how you are trying to combat these trends. so we have been scaling steadily o

he cofounded paypal.lusive interview with him, i asked about the trends he sees in the lending arena now. >> i think we are just about ready to enter the consolidation fees of this new market where companies good at managing risk and smart about underwriting, smart in reserving are set up for long-term success and will start picking up. the stragglers or the ones that don't have the management teams are not ready to take on the risk management demands and the regulatory demands. emily: what do you see happening when it comes to predatory lending? >> i think the promise, the thing we have come here to do in one way is to get rid of predatory lending. it's to shine a spotlight of what is the right and wrong way of doing this, to bring more credit to those who are excluded, pushed out by the players into the darker reaches of pawnshops. i think the opportunity is still there. we're all working on it very hard. i would say the dent that has been made by the industry is fairly small. we are doing our part and

paypal also raised its full year guidance shares initially higher in extended hours. they ended the regular session a penny lower, at $67.27. >>> shares of celgene were pressured in the extended session after the pharmaceutical firm said it won't continue a study trial for its crohn's disease treatment. the company said it made the decision after an independent data monitoring committee determined that the treatment benefit did not sufficiently outweigh the risk. shares initially fell after the announcement and also ended the regular day down nearly 1% at $135.96. >>> general motors has agreed to pay $120 million to resolve claims from 49 states and the district of columbia over faulty ignition switches. the defect has been linked to 124 deaths and 275 injuries, and prompted a massive recall, as you may remember, in early 2014. largest u.s.-based automakers paid $2.5 billion in penalties and settlements over defective switches that could cause engines to stall and prevent airbags from deploying. >>> here's something that may not come as a surprise for those of you who

about that than their not being a digital platform in the same way that they'll be competing with a paypal or someone like that. the consumer side, the delinquencies is something that frankly, so far it's much more difficult environment, they've proven not to be vulnerable to >> provision for losses, $769 million. the street was looking for less than $600. that's a warning sign. bk mentioned the end of a two-year as well this is one we actually collectively got right 2015 was a terrible year i remember saying if we hold 55 in american express, chance for a double bottom, guess what, go back and look at the beginning of '16, bounced around $60 we started warming up. now to steve's point, we're topping out right where we topped out, right before the whole costco news came down the pike in the middle of 2014, late 2014 what does it mean? it's not expensive on valuation. it's not cheap i do think the stock might roll over a little bit here >> i'm not talking my own book here do you know who they should buy? rhymes with "air." >> square. >> bang. they get a whole new exposure. it becomes more o

paypal being the leading one. and after our report paypal did shut down a bunch of these, of the donation links for these sites. we used a lust of sites -- list of sites that were designated as hate by antidefamation league and then, actually, we -- those hate sites, to prove that they weren't hateful, launched a hate campaign against one of my reporters and deluged our e-mail with spam to the point that our whole computer system shut down. so that was a fun -- to be under attack. >> host: well, julia angwin, what's it like reporting on these issues for propublica as opposed to "the wall street journal" where you spent 13 years? >> guest: you know what's great about propublica is the ability to do collaborations and to do a little bit more open-ended stuff. so, for instance, the facebook tool that we built, it's really a tool for crowd sourcing, and so we wanted to it's it -- to test it, and we went to germany where they were having an election in september and worked with three different newspapers there to have

. ♪ emily: a stock we are watching, paypal rose to a record after beating estimates for earnings andg a strong forecast for the end of the year. the digital payment company has been campaigning to expand the service beyond websites and is getting a boost as more retail sales look to compete with amazon. users can now send and receive money via facebook's messenger app. tiger cubs are some of the hottest hedge fund managers around and have become influential tech investors. light street capital is probably the hottest of all. thanksd is up about 50% to stakes in uber, amazon, netflix, and alibaba. alistair barr sat down with the to ask ifd president the tech market boom has gone too far. >> the trends, the major trends of the largest tech companies are taking advantage of our going on many years. it is still early in the penetration for e-commerce and mobile e-commerce and all the things that drive facebook and amazon and netflix and google. while the stock prices have done incredibly well, those prices have not kept up with fundamentals. >> what about things like this russian ad inve

paypal's a visionary prospective i think the stock has a long way ahead of it. what about nike? nike holds an analyst day, wednesday and many people are ready to pounce with good news does it have any this industry saved skechers, and it has about stepped on. i don't sigh anything that could change that, it could bottom but that's not worth the stuff of making money thursday morning, numbers from bris stol meyers the stock's a market darling i don't have a thesis for onion but i do know it's back on top with the popular favorite. the business coming in right now is raytheon. thursday evening is one of the most exciting moments in our business, at least for me. alphabet, amazon, microsoft, they all report. i believe alphabet had a strong quarter with good montization of youtube. amazon competes for cloud services business with microsoft as your division we'll see if data center is still growing at a blitzering take intel will tell a story -- remember it closed in a -- friday is our day for judging the big oils after the slowly disappointeding action of stock slummer gee, from wha

no question they've been executing. >> and david, what about you on paypal >> paypal is a great companys earnings, we think you're paying a lot for it we think there are better places in the market. markets had a great run this year now is not the time to chase the growth stocks but rather look at some of the laggards. >> yeah, look at paypal up 71% year to date kroger, different story, it did close higher today after reaffirming it's 2017 forecast earlier and saying a potential sale is just one of the strategic alternatives it plans to explore for it's stores kroger news which had the stock up one and a quarter percent also may be playing into moves higher with target, colgate and walmart today michael all of those kind of surprising basket of names that the market seems to be appreciating here. >> yeah, on one hand, market is sort of somewhat has liked the laggards in trying to go back and maybe left behind. on kroeger in particular, i do think walmart is what must be an investor's minds the example of walmart was essentially saying, look, the core business is still okay, but we're go

companieser financial -- synchrony and paypal -- compared with the prior quarter, and as for paypal, that company beating estimates. shares are trading at a rd on the strength of its forecast. one other asset we are watching is bitco. once again shaking off concerns it loweredation, sharply earlier in the week and rallied again. at one point today, it reached above $6,000 per bitcoin. david: thank you very much. coming up, more insight on the budget battle, the potential for a government shutdown from stan collender. a lot of capitol hill experience. this is bloomberg. ♪ shery: this is bloomberg markets,alance of power. david: let's get a check of the bloomberg first word news. mark: senator rand paul tweeted today that he is ready to cut taxes, but he has made it clear no middle-class taxes will go up in the tax reform package. he was the only senate republican to vote against the budget bill that will allow the tax measure to be passed with no democratic votes. the tax plan would raise the deficit by up to $1.5 trillion. some republicans object to that. the labor department says em

shares of paypal have already soared more than 70% this year. mongodb has markets trading debut.atabase software maker rose in early trading after pricing above the marketed range. the ipo comes in what could be the biggest month of the year for u.s. listings. after a slow summer, he joins 20 companies that are priced or are scheduled to price in october. alex barinka caught up with mongodb president and ceo dev ittycheria and started by asking how the company will use the new capital. it is all working capital. we have no plans to make acquisitions today. we are going after a large market, one of the largest in enterprise software. we are using the proceeds to invest in products and continue to innovate and produce new products as well as expand our existing portfolio of products, as well as invest and go to market in as many parts of the world that we don't have salespeople and. even in the u.s. can we don't have salespeople in every nfl city. we are looking to expand our reach and reach more customers more efficiently. alex: who are you targeting as you go for scale? you say y

mer cato libre, paypal. >> i don't put paypal in there. >> would you put wynn in there as a momentum stock. >> they're higher growth i will say earnings season is crucial it changed everybody's expectations of s&p. and i think that's an important part. >> i'm not saying the argument can be made -- you've seen sales growth lagging and now we're seeing expectations ratchet up for the third quarter. i look at that and say that shows you the economy is picking up steam or continuing to pick up steam >> let's take more about this rally that seemingly just won't quit and bring in brian belski one of the biggest bulls out there, getting more bullish, now believes the s&p 500 could reach 2800 by the end of the year. that is another 10%. here's the question, brian welcome, by the way. >> thanks for having us. >> out of 11 groups, only two are down this year telecom and energy of the big ones do you believe, a, energy hast turn around to get to your argument, and b, do you believe it will turn around? >> i'll do b first, because i'm polish, do we do things backyards. no, i don't think we need

. $320 a month, paid direct through paypal and google wallet, to teach just four classes and black fistsd, no one from black fist ever showed up to meet him. his only communication was in text and far-away sounding phone calls from this man named taylor. >> yeah, hello. this is taylor. i wanted to confirm the self-defense classes that we talked about last time. >> reporter: the digital trail suggests the contact on the phone was part of a russian propaganda arm seeking to stoke racial tensions and disrupt the u.s. political system. cnn has confirmed the social media accounts connected to black fist are among the pages facebook identified as coming from russians, according to a source familiar up with the matter. links to those accounts appear on the black fist website and black fist, which portrayed itself as an activist group seeking to empower black americans, was likely developed inside the russian troll factory in st. petersburg, russia. >> they convinced you. >> very easily. very easily. some of the things were, you know, sketchy, but at the end of the day, still fitness. it's just

. >>> other stocks to watch today, paypal's third quarter profit rising 18% beating forecasts strong growth in mobile transactions helping results the person to person payment service, venmo, handled $9 billion in volume during the quarter. more and more people using peer to peer payment service. >>> celgene halting trials on a drug to treat crohn's disease, the move follows a risk benefit analysis morgan stanley says the decision was likely based on a lack of efficacy for the drug. >>> ncr's third quarter profits beat forecasts and revenues did fall short the maker of atms and payment processing technology issued a disappointing outlook for the fourth quarter national cash register is how i still remember that company. shares off by 10%. >>> shares of intuitive surgical lower this morning that's despite the company reporting better than expected third quarter earnings and revenue. part of its sales beat due to deferred revenue results would still top forecasts. >>> athena health plans to cut about 500 jobs it's also closing offices in san francisco and princeton, new jersey and the

paypal stock is up over 5%. general electric meanwhile missed earnings estimates and it's looking at its worst day on the stock market in years. let's see how we are doing so far. dow up by 43. s&p up 6. the nasdaq doing better today after a sizable decline yesterday. nasdaq up 25. back to you. >> jason brooks from kcbs radio, thank you. >>> google and san jose making progress in discussions over a pros pod transit village in downtown san jose. they are negotiating the sale of 16 government-owned properties that will mean large pieces of investment the village would be 6 to 8 million square feet of offices and accommodate 15 to 20,000 google workers. >>> new this morning, san francisco will consider banning shuttle bus services from using routes similar to those of public buses. among those shuttle companies is chariot owned by the ford motor company. some local transportation experts say that there have been complaints about such buses stopping at unauthorized locations like traffic lanes, crosswalks and muni b

. $320 a month paid by paypal to teach four classes and black fist would promote it.s also weird, no one from black fist ever showed up to meet him. his only communication was in text and far away sounding phone calls from this man named taylor. >> yes, hello, this is taylor, i wanted to confirm the self-defense lesson wes talked about last time. >> reporter: suggests that contact on the phone was part of a russian propaganda arm seeking to stoke official tensions and disrupt the u.s. political system. cnn has confirmed the social media accounts connected to black fist are among the pages facebook identified as coming from russians according to a source federal with the map. links appear on the black fist website and black fist which portrayed itself as an activist group seeking to empower black americans was likely developed inside the russian troll factory in st. petersburg, russia. >> they convinced you. >> very easily. very easily. some of the things are stretchy. at the end of the day. training people. >> look at what black fist said about it's self-defense class

. ♪ >>> what a week for financials, paypal the latest chapter. >> and it was the star of the night.lman put on an incredible show, 17 million merchants now in the network they added a gigantic number of new accounts, starting to talk about venmo, the way younger people --i used to use cash, people use venmo i think this thing will go dramatically higher. there's been articles how it's overvalued, this is crazy. it is the young person's worldwide credit card, it's an amazon, e commerce play. you're recognizing this was a star born when they split it up. but dan shulman is a man who everyone said visa can wipe him oup, wells fargo, he's got deals with all of those and they respect him because he's a high roller, man of great intellect and also a great representative of younger people even though he's not as young as they are. >> you're showing your tie ran sar russ rex arms. >> when the stock was at 38, i said the analyst was all wrong then there was a nice young man that came on and i didn't want to rip him aparlt because youth has its own advantages there was a worry about a problem

kara swisher joining us from recode >>> still to come, amazon taking on square and paypal with a newment service of its own >>> plus, fired from a think tank and claims it's google's fault. we'll speak with open market stuts unr rrlyinite'fodebay nn when "squawk alley" returns. where's gary? 'saved money on motorcycle insurance with geico. goin' up the country. later, gary' i have a motorcycle! wonderful. ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ ♪ i'm goin' up the country, baby don't you wanna go? ♪ geico motorcycle, great rates for great rides. >>> amazon's looking to take even more control of the internet shopping experience from ordering, to delivery, now focusing on payments, as well. our deidre bossa is live at the money 2020 conference in las vegas. deidre >> good morning, john. and we can bring this news to you exclusively. amazon is expending its shopping experience through amazon pay, and heating up the competition with the likes of paypal and square in the payment space. here's how it works. the feature lets users order directly from restaurants within the a

. $320 a month, paid direct through paypal and google wallet to teach just four classes, and black fist what was also weird, no one from black fist ever showed up to meet him. his only communication was in text and far away sounding phone calls from this man named taylor. >> hello. this is taylor. i wanted to confirm the self-defense classes that we talked about the last time. >> the digital trail suggests the contact on the phone was part of a russian propaganda arm, seeking to stoke racial tensions and disrupt the u.s. political system. cnn has confirmed the social media accounts connected to black fist are among the pages facebook identified as coming from russians, according to a source familiar with the matter. links to those accounts appear on the black fist website. and black first, which portrayed itself as an activist group seeking to empower black americans, was likely developed inside the russian factory in st. petersburg, russia. >> they convinced you. >> very easily, very, very easily. some of the things were sketchy. but at the end of the day, still fitness. we're just tra

this is where the money is being made the charts are scare paypal, transaction processing, so much. might not be big dividend payers but this is where there's a ton happening and i like non-bank financials better. >> they are trading at 25 times earnings so they are at their peak pe while all the other banks are trading at the lowest market multiple. >> more expensive than the banks in january and february. >> always have been. >> that's not a reason -- that was not a reason to say -- >> that is that's a classic example of owning really good company with different multiples. >> owning companies so heavily regulated versus ones that are slightly regulated. >> i think that transactions, there are areas of finance that are better than money center banking, and i would rather focus elsewhere. >> give you a reminder as well, the cfo of wells fargo john shrewksberry will be on cnbc later this afternoon. >> let's now bring in tom lee of fundstrat, changing his view on the market and joins us on the phone. tom, are you there >> i'm here. >> all right so you've gotten incrementally more posi

and paypal is up 0.5% -- 5.5% on the back of earnings.s in the u.s., sizable moves for the two and 10 year. 2.38%.year up to it has been rising the last couple of weeks. let's look at the one-year chart on 10-year gilts to get some perspective -- yields to get some perspective. through early september has been a grind down, but a steady move. remember job stable we were up 2.4%? now we have been going back. upper moments thanks to the rally, a more hawkish ships coming in, but definitely eight thing to watch. julia: that was the theme in the dollar, the iron ore, both turning. and john taylor keeping that hawkish transition alive. i was feeding into the dollar. up 0.5%.ee the canadian dollar was dropping to the lowest since it has been august 31. it got lower with api. further seeing down the expectations. time. down for the third also watching the yen. i have talked about that every day, 0.8% higher. the lowest against the dollar since july 14. we are seeing investors rebuilding their short yen positions ahead of the election and despite

but venmo users can make a purchase on their phone at any retailer site that accepts paypal.nalysts say the move should help expand venmo's market presence. >>> more stories of heroism in the north bay after the wake of the deadly fines. a doctor used a motorcycle to save babies from the north bay fires. >> we are tracking that rainfall that's most certainly headed into the north bay fire zones. great help to firefighters. we'll let you know when it gets here how much we could see and what the weekend is going to look like. ♪ ♪ ♪ ♪ >>> as firefighters get a handle on the north bay fires, several efforts are under way to assist fire victims as they try to recover from their losses. many people have been unable to work and the u.s. government will offer those people unemployment benefits. the california insurance commissioner says he is asking insurance companies to speed up the process for fire victims' claims. >> i have issued an order and notice to the insurers asking them to expedite claims handling. that includes things like providing a four-month advance for what's called

emily: a stock we are watching, paypal rose to a record after beating estimates for earnings and giving a strong forecast for the end of the year. the digital payment company has been campaigning to expand the service beyond websites and is getting a boost as more retail sales look to compete with amazon. users can now send and receive money via facebook's messenger app. tiger cubs are some of the hottest hedge fund managers around and have become influential tech investors. light street capital is probably he hottest of all. technology. alphabet sides with lyft and a showdown with uber. the value ly -- they value lyft at $11 million. they are in a better lawsuit. joining me to discuss this is tom and david, our guest hosts for the hour. what is your take that google is backing lyft after all these years knowing they have a big stake in uber? >> you can look at it as if they are hedging their risks. the ridesharing businesses are growing like crazy and they want to have a hand in both. obviously, they are not making a bigger bet on lyft than on uber. they had a lot of conflicts. there i

credit cards, debit cards, paypal, apple pay, that's where it's at these days, but hold up.e of that scrilla is it's going shook loose. mary williams saw an -- is getting shook loose. mary williams saw an extra charge on her bill. >> i was wondering if merchants and businesses are allowed to charge a convenience fee if you use a credit card to pay. >> we reached out to visa, mastercard, american express and discover and we can verify yes, whamo, businesses can charge you a convenience fee when you pay for things like your taxes, school tuition or concert tickets. that's because companies say paying with a credit card isn't the typical way to pay. can you believe that? and there's no way to get around these charges ot with a check and yeah -- cash or with a check and yeah, that's likely to happen. my team talked to kimberly palmer from nerd wallet and tim shults to find out how to outsmart this fee. >> if you're earning 3% cash back, you're essentially cancelling out that convenience fee. you can think ahead and think about ways to minimize the impact of that convenient fee.

i think paypal has tremendous runway ahead visa is this great international company.aster card is going to shoot the numbers out. i think that square has tripped. they deserve that. it's a small to medium size business and small to meade assu -- medium businesses are doing well congratulations to sarah fryer who has done a remarkable job in convincing a lot of people, listen, we may be a bank, we're not taking on a lot of risk. it's been one of the great unsungs. paypal, no, because i talk about every single day. >> you called it the millennials worldwide credit card. >> yes. >> not the c.f. frost am ex. >> when they fronted that holiday party and said i want venmon venmo. i just had it for dinner it's my middle name. >> so you did pay her back >> kayla's fabulous. we're square well, you know >> a lot to get to today we haven't even touched at&t yet or -- >> we're on the surface. >> we're getting there when we come back, would you allow amazon into your home to deliver a package? we'll fill you in on the company's new service. also ahead this morning we'll look at som

people to their causes, and so survey of all the different payment systems that groups to ng these paypal being ons, the leading one. after our report pay balance did hut down a bunch of the donation links for these sites. we used a list of sites that designate as hate by the anti-defamation league and then to ally, those hate sites, prove that they weren't hateful, launched a hate campaign against reporters, and then they sent us spam to our email to the point that our email was down. host: julia angwin, what is it these issues on for propublica as opposed to the "wall street journal" where you spent 13 years? julia: you know what's great about propublica is the ability and to do aorations little bit more open-ended stuff, so, for instance, tool that we built, it's really a tool for crowd we wanted to so test it and we went to germany where they were having an in september and worked with three different newspapers there to have them promote the collectedeir readers, a whole bunch of german ads and then we're doing that in australia right now, during election. we're moving to a bunch of

coral reefs goes beyond simply the concerns of scientists when you take what coral reefs represent to paypal and this is the amazing numbers right so there's an estimated five hundred million people on the planet who come to go read so much on a daily basis to get food and income now that's about one in every twelve people that is dependent on coral reefs worldwide four hours north of the games facility is the port city of cannes the primary maritime gateway to the great barrier reef more than two million people visit the great barrier reef every year many of them beginning their tour right here and that's what we're here to do to see the reef through the eyes of those who make it an economic engine as well as an ecological want to. call mackenzie is the executive director of the association of marine park tourism operators his job is to represent the interests of the g.b. r.s. tourism industry both with the government and with the scientific community look there is no doubt that tourism is the backbone of the kane's region and that's underpinned by the fact that something like justin came t

and after our report paypal shut down a bunch of these -- the donation links for these sites. we used a list of sites designated as hate by sovereign poverty law center or anti-definition league -- defamation league and the hate signed launched a hate campaign against a report and. the delodged or e-mail with spam to the point or computer system shut done. that was fun to be under attack. >> host: what is it like recording on the issues for propubliccas a opposed to the warren warmer wear, the "wall street journal" where you spent 13 years what? what it great is the able to do collaboration and more open-ended stuff. for instance, the facebook tool that we built, it's really a tool for crowd sourcing, and so we wanted to test it, and we went to germany, where they were having an election and september and worked with three different newspapers there to have them promote the tool to readers, collected a whole bunch of german ads and then doing that in austria right now during their election, bunch of different countries. we don't have to do all the reporting ourselves. one thin

but remember, paypal has been the star dan shoalman, who had a vision >> they're no longer together,f course. >> the splitup has worked. >> creative value. we've got to go, an enoping bell a few minutes away stay with us for squawk o"squawe stree street". question. what is an answer and how can you measure the value of one? today trusted answers from trusted sources are rare and precious commodities. and when industries are undergoing massive transformation, opportunities are only opportunities if you can find an answer that separates fact from near fact. thomson reuters provides you the intelligence, technology, and human expertise you need to find those trusted answers. the answer company. thomson reuters. stay with me, mr. parker. when a critical patient is far from the hospital, the hospital must come to the patient. stay with me, mr. parker. the at&t network is helping first responders connect with medical teams in near real time... stay with me, mr. parker. ...saving time when it matters most. stay with me, mrs. parker. that's the power of and. something we all think about as w

we're frightened of paypal about the mosquitoes about day where waiting for help saying how long we can last outside my mom doesn't want to do this any longer. this earthquake was overshadowed by one which shook mexico city shortly after but federal authorities still arrived in force that hasn't stopped widespread doubts on whether they'll come through for residents makes conserv learnt from bitter experience that disaster funds often don't get to where they're needed even in the midst of situations like this one there's a long track record of government officials misusing or simply stealing public money and social development ministry is coordinating earthquake relief but an investigation by a news media site and then geo just before the disaster found that it a previously disappeared millions of dollars meant for the poor how are you going to assure people that the federal government isn't going to misuse or steal this my . the best way is to work as we're doing it's very simple the disaster money doesn't pass through the hands of the government it goes directly to a credit card with