it's down 1% now plus, did you pay up to paypal after the latest result?y trade on that one comi ungp. [ click, keyboard clacking ] [ keyboard clacking ] [ click, keyboard clacking ] ♪ good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. >>> welcome back, more on at&t's earnings, stock up 4% now. >> more than $20 billion fourth quarter income tax benefit after u.s. tack overhaul helping their profitability picture, also helping is the subscriber additions, 4.1 million total wireless adds. 2.7 million in the u.s., and 1.3 million in mexico. also important to point out, 300,000 total video net ads, 161,000 in the u.s., and 139,000 in the latin america burning question, what happens with at&t and time warner? randall stevenson, at&t's chairman and ceo says on the time warner front, we look forward to presenting our case in court and closing the deal. kelly, that antitrust trial is set for march 19 the stock right now is up 4% we'll get on the conference call and get you mor

paypal, and ebay jumped after hours, and paypal fell off a cliff.from bloomberg headquarters, this wednesday evening, talking trade. post-brexit,alks and the great fire sale in china. off a cash crunch, and the level of debt. ♪ yvonne: we are getting breaking news from south korea at this hour. the trade surplus coming in smaller than what economists estimated. why is importson are coming in higher than what economists surveyed. an increase in imports against expectations. --orts still robust here despite the stronger won. this is all for the month of january. that import number quite a big jump from what we saw in prior months. yvonne, we are seeing exports and how robust they can be with the stronger currency. yvonne: it seems they are overlooking and shrugging. this is after the base of facts were not favorable. we saw double-digit growth of january of last year, so this is a strong number here. take a look at the market impact. asian investors are holding out hope for a fresh month bringing fresh values at the end of january. we are seeing gains

it all began when gary tried to pay for the flooring through paypal.rong letter in the seller's e-mail. >> i put one too many gs. >> so the money did not go to the craigslist seller. >> it said i made a75 payment to clee yoe's creations. so gary clicked on it. >> little knit animals. >> the website belongs to a company in england that sells knitted scarves and animals. >> i contacted them to say hey, i made a mistake. he asked a refund, he didn't get a response, so he asked paypal for help. we investigated on found something surprising. >> wow, this is incredible. it turns out the cleo's creations in england did not get gary's money. instead, the money went to a dormant paypal account belonging to a guy in boston. we talked to the man in boston, and he told us he opened that paypal account ten years ago for his little daughter's jewelry-making business. that business was also called cleo's creation, which is why it got mixed up with the company in england. >> oh. >> reporter: turns out the little girl was raising money for an orphan and in china where

it all began when gary tried to pay for the flooring through paypal.er, he typed one wrong letter in the seller's e-mail. >> i put one too many gs. >> so the money did not go to the craigslist seller. >> it said i made a75 payment to clee yoe's creations. so gary clicked on it. >> little knit animals. >> the website belongs to a company in england that sells knitted scarves and animals. >> i contacted them to say hey, i made a mistake. he asked for a refund, he didn't get a response, so he asked paypal for help. we investigated on found something surprising. >> wow, thi incredible. it turns out the cleo's creations in england did not get gary's money. instead, the money went to a dormant paypal account belonging to a guy in boston. we talked to the man in boston, and he told us he opened that paypal account ten years ago for his little daughter's jewelry-making business. that business was also called cleo's creation, which is why it got mixed up with the company in england. >> oh. >> reporter: turns out the little girl was raising money for an orphan a

--king things off >>>> i wanted to start with a chart on paypal.l is about to report earnings aftermarket, versus amex. quite a divergence here. for the year, there it ps is below analyst estimates. it was amex's first quarterly loss since 1992. paypal is expected to make $15 billion worth of revenue this year which is above analyst expectations. so we continue to see upward trajectory. vonnie: short and sweet and very informative. i love it. mark, i'm sure you have all that and more. don'tif at first you succeed, try try again. last week i was banging the em drum but you are giving me nothing. i'm going to keep going until you give me something. in the wake of our last conversation, foreigners are buying sun african stocks, the fastest rates on record. average daily inflows, strongest level since this data series began in 1997. it is down to optimism about the new anc later. we had this news of the anc saying president zuma has to leave office. the hope for sound economic management, leading to this big rise in florida inflows. 10 year yield down

at&t and paypal also on the move we will bring you the latest details. those conference calls are getting underway you are watching "fast money" on cnbc, and we are first in business worldwide in the meantime, here's what else is coming up on "fast". >>> get back in there at once and sell, sell -- >> volatility is back. and a top strategist at wells fargo says just deal with it what he says might have you pressing the buy button. he will be here to explain. >>> plus -- >> what is going on? >> still confused about bitcoin? the crypto baller has you covered. brian kelly is answering your burning bitcoin questions. and there is still time to send him a tweet. much for "fast money" right after this money. the crypto trade can be about to get lit, as a new -- that's not even how you use that term a new wave of bitcoin investors getting ready to flood into the market bob pisani at the ny -- he knows how to get lit and has more on the crypto craze. >> you are dating yourself the cryptocurrency trade didn't dead more than 1 million people joined the wait list fo

we started monetizing paypal through merchants.out venmo. >> we asked every guest about cryptocurrency and bitcoin you may have more authority than others do you own some bit cohn >> i do. >> did you get it early? >> pretty early on. >> but you don't like bitcoin. even though you think the digitalization and fin tech is going to mean that people have been banked, so to speak -- >> yeah. >> -- you don't think bitcoin is the way it's going to happen >> i think what's happening with cryptocurrencies and blockchain is a grand experiment that's happening right now. if it's successful, it could be one of the greatest shifts in how you think about the transfer of value and distributed trust, and that's what blockchain is about. but the cryptocurrencies on top of that right now, whether it be a bitcoin, aethereum, ripple, any of those, right now they're quite volatile they go up and down, sometimes 10% in a day if you're a retailer and your margin is 2 to 5% and you accept bitcoin and it goes down 10% that day, you've lost money on every t

they pay with their credit card or paypal and the money directly goes into their bank account or paypal we don't keep any fees on it. and, you know, the fans are paying their favorite streamers or celebrities or people eating ramen or cute girls or people playing video games. it's a huge phenomenon. there's a funny "south park" episode where randy is talking to his son stan and he says, back in my it day we used to play video games and the kids are like, well, dad, now we just watch other kids play video games. so, the world is changing. you know, i think what's happening in asia is a huge sort of sign of what's going to happen here in a few years. live streaming started off in games there ten years ago, 15 years ago and it's big here now. but it's also moved beyond games now. in asia. so, those girls eating ramen, girls walking around shopping, streaming from your phone just walking around doing things in the railroad is bigger than game streaming here and i think it's going to happen here in a few years. >> so, it sounds like this is a what has made the youtube creator so phenomenal b

risk to income and payers like paypal and visa is if amazon decides to build its own paypal. >> what we can't do is sit by and allow them to take our business. >> this company could double from here, to $2000 per share. >> they're going to be a force in content, a force in search. 55% of u.s. project -- product searches initiate on amazon. >> wherever amazon is bumping up against the others, it is winning. where it is bumping up against apple and voice, 70% share of voice in the home. apple and media, it was number seven with a percentage of share during prime time and now it is number three. the fastest-growing media group. siri.taking the but of vonnie: with what this entity might mean for clients, joining us is matthew borscht on the phone. what kind of deal is this? it is clearly the amazon inclusion that is striking fear in the heart of stocks, today. is this trio trying to replace the hmo and pharmaceutical distributor? matthew: yanis answer is we don't know yet. -- the honest answer is we don't know yet. we can hope that we will get more information from those backing the comp

joe: paypal is another one of these red-hot highfliers in this up in after-hours.r is fine, but the up.ook is at cap it julia: the estimates slightly line, inbeat on that terms of the adjusted eps, $.98 for the first quarter and $.91 was expected. a 6 billion charge as a result of the tax overhaul, and there was a charge from a european commission fine as well. whether it's interesting on this one is they have expanded their relationship with samsung, and something as a result will be withdrawing its intervention of qualcomm's appeal over concerns over apple -- over charging the qualcomm tax. samsung a potential partner in this concern is apparently withdrawing interventions in qualcomm's appeal. the plot thickens. let's move on, president trump delivering his first state of the union address talking trade, taxes, and immigration. tying prosperity to his presidency. is a new trump: this american moment and there has not been a better time to start living the american dream. to every citizen watching at home tonight, no matter where you have been or where you have c

no natural enemies can't tell you how important tale paypal is would roar only if laid pipe, slam downith phantom worries no coincidence this ran began. i think more room to gallop. hasn't begun to monoties venmo, the millennial way to -- bills testament that wrong about nice guys finishing last. nvidia ended tired but still up a bit data center market share any share probably amd didn't matter. blastoff for this stock. best chips for gaming. nintendo switch, in the cloud, artificial intelligence, machine learning markets are growing stronger same chips linked to bitcoin, so going to have weak handed shareholders hopefully all shaken out now and built on pulte group, surfing the wave of housing shortages across the country. could be moot versus the fed's tightening both subject of short squeezes hedge fund playbook says you have to bet against these this stage in the game. i don't think will get slammed but not as good 2018 fed will raise rates one time too many and these stocks will hurt bottom line, top performers of the s&p, very big, sometimes unsustainable wins paypal, nvidia stro

paypal those ideas that the spirit of a ceo is here. joe lynn jenkins, aarp is special assistant to president trump. the dow sather will join us as well. all of that coming up. our top stories this hour to new records. lawmakers in washington to fund the government through february. on the heels of the tax code overhaul which nasdaq president and ceo weighed in on earlier here in dallas during the panel. listen. >> you can see the markets have react quick weight and they were previewing it before the tax law came into effect. the impact on companies is very positive for the most part in it hopefully will use the money to both provide benefits to the shareholders as well as investment in businesses, which would then drive more interest and demand for employment, which then creates the cycle again of where you find the people, how do you make sure you are able to track the right balance. it is definitely a growth driver for the united states. maria: right now in the flesh, the president and ceo of nasdaq, india friedman. good to see you.

est carnival, apple, united health, paypal, here we are. i like this.arnival boy, we know it as a technology company on the seas love that entertainment experiential paypal, that's dan shulman, a company on fire. and united health group, i talk about that at the top of the show, the premiere health insurer of the world health insurance, technology, payment though entertainment and defense. that is a 2:00 a.m. hallelujah ♪ hallelujah and of course apple. do i have to mention apple technology marshall plan. patrick in connecticut >> caller: mr. cramer, it's an honor. i followed you since the beginning back in joe's grand old days >> you're dating me. >> caller: here's my five. bank of america, slom ber j, nor, microsoft and rio tinto >> here's another guy who seems to know what he's doing. nor, my favorite in cr construction maybe they will be doing some buying microsoft, premiere technology, sh lum berger which is maybe the greatest technology company, but it's an oil service company. oil service, pc, so that's why they're not overlap. mineral, enc, engi

staying on earnings, paypal is sinking after-hours, issuing a forecast that fell short of expectationssignaling struggles ahead. paypal is looking to compete with banks and startups in the transaction market, but growth slowed.enmo service coming up, we are staying on earnings. continued growth in cloud services helped fuel microsoft results. we will break down the numbers, next. we are livestreaming on twitter, @technology, 5:00 p.m. in new york. this is bloomberg. ♪ emily: let's continue our coverage of tech earnings. microsoft topping analyst estimates for second quarter revenue. charge caused the company to report a loss. cory johnson joined us from new york with more. microsoft getting a boost from azure, but there is this tax issue. what are your takeaways? cory: a little confusing. i think we will see this with a lot of companies as they figure out what the new taxes mean for them and repatriation issues. which is tricky. the company is starting to hide stuff -- the companies that are starting to hide stuff will use non-gap numbers to sweep stuff under the rug. the good companie

we had fraud at paypal, going back a while.e had a human team, and it was like looking for needles in a haystack, millions of transactions, couldn't figure out which was fraudulent. the old computer model wouldn't figure out the new ones. it's when we figured out a way to divide the labor between the human investigators and the automated computer part that you really got a handle on it. so i think this hybrid human computer synergy theme is underrated because we either want total automation or no computers at all, and i think the in between thing needs to be explored a lot more. that's what paliantier has done. maria: are the bad actors an obvious group? where are they? >> i don't think it's an obvious group. we would have probably tracked them down. one of the challenges with cybersecurity is that it's -- there is something about it where it's very asymmetric. in most forms of defense, military technologies, the defense side is pretty good. but in cybersecurity, it's very hard to defend. it's very easy to attack, and so if you

am i diversified 30 years till retirement disney, abbot laboratories, paypal and dupont, dow dupont.t, paypal we just talked about it last week it's a miracle stock abbot labs, action alerts plus club there's another action alert, we'll talk about this on the conference call wednesday. i think ed breen is just about to break it up great comments disney is primo entertainment company. that's a buy we have entertainment, drug, fintech, we've got logistic and a deconglomeration of chemicals. how great? how great were these people? i want everyone to follow what these people are doing and stick with cramer. while its design was meant to be seen. experience the new 2018 lexus nx, and the nx hybrid. experience amazing, at your lexus dealer. your bbut as you get older,ing. it naturally begins to change, causing a lack of sharpness, or even trouble with recall. thankfully, the breakthrough in prevagen helps your brain and actually improves memory. the secret is an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. preva

. >> and we calculated it, steve wozniak, the two founders of paypal and linkedin combined. >>ly be watching sunday, because they went from the paypal to ven now and now they will want krypto currency to pay my baby-sitters. >>> and last night, grabbing thornton's beard, and a chunk of it on the ice, and which the training staff collected which is so gross. the sharks lost in the overtime shootout. and this is just nasty. >> that is more like a street fight. >> and now -- [ laughter ] >> maybe, maybe he should shave that this morning. braid it. >> all right. we are starting out this morning and everybody is getting ready to the wet friday and it is a warm one, too, as the cold front starts to move in, and here is a look at the rain on the radar and now, most of it has been over san francisco, and the peninsula, and parts of the north bay and we will start to see the rain working into the south bay later on this morning and check out the seven-day forecast at the bottom of the screen and it is going be cooling down, and we will have for the most part a dry weekend, but we sta

it is clearly better than paypal and credit cards.any people compare it with gladiators in the colosseum and i am afraid the silicon valley companies are not gladiators. they would get killed in china. emily: you left google in 2009, google left china a few months later. what happened? kai-fu: i had no idea. i was surprised. "new york times" called me one morning and said, what is going on? can we get a quote from you? what and they said google just left china. i said, i have no idea. i can't give you a quote. then i read about it in the news. emily: google said they did not want to respond to the censorship demands of the chinese government. was that the right call? kai-fu: it is hard to say what is right or wrong. i think if, google is a very value-centric company, so it will do things according to its values, for which we all respect, but on the other hand that makes it impossible for the company to do business in china, and i would prefer to see engagement, and engagement would give users more choices, and that would ultimately i

>> let me ask you about the next wave that's mobile payments, whether it's venmo or apple pay or paypal are you accepting those types of payments in the restaurants? >> we're hard at work on that. it's going integrate with a lot of those nfc we're painting a nos tick as long as it's digital, whether it's apple pay or google or crypto pay. >> do you think apple pay and venmo, do you think they're going to be as ubiquitous now as credit cards again, it comes back to convenience and ease of use. if it offers that, it oohs going to be more widely adopted. apple pay is the easiest in the sense that it's like a wallet. you're loading credit cards onto it google pay is a little trickier to figure out and they're still working out to make it easier for cards to adopt into it. >> thanks so much for coming in. leo, good luck. >> thanks, contessa. >>> now here's look at what's making new as we head into a new week "on the money." you may be tired of hearing this, but most people aren't stock hit new highs. the douceting a fresh record in early trading on friday as did the s&p 500. strong earnings

levchin,jen, -- max the cofounder of paypal told me that it is like the asteroid in the room.ow dramatically is softbank changing the investment landscape, the competitive landscape? jim: i guess i have seen a lot of asteroid scares over my career, so i am trying to take a balanced view of it. so what we have in softbank is a large fish in a very large pond. so the question is, how is that large fish going to change life in a very large pond? and i do think their appearance as a market leader will shift some of the tech investing landscape, but i also think it will shift more tech dollars into the private market over time, and may actually expand the opportunities set, as well as affecting the price dynamics. emily: so, what do you think about the position uber is in now today? what do you think uber is worth with dara khosrowshahi as ceo? jim: i am very excited to have dara in the seat. i think he is an excellent choice. i think the market will tell us what the values are over time. if uber continues the growth that it has exhibited so far and continues to broaden what it doe

>> paypal was one of the best performers because munster retired, he hated paypal i'm not kidding --> happy new year, gene. >> i love gene, mean it a lot. >> sure you do. >> obviously but i do think that -- i don't know, i like the other piper note, not piper anymore, which stop worrying about apple. you know, geno best steak sandwich place, that's the geno i like and may continue to go there the bye week >> is there any -- i'm going to move on. >> i don't want gooene to get insulted anymore. >> i love him. made that point very clear. >> you did that's like bronx cheer. >> baxter, how about -- did you look -- >> baxter, striker -- you mentioned abbott is baxter and striker -- >> they are long too and downgrade j and j. are you kidding me you do that at your own peril. you're going to get against gorski, army owon, west point. you go against gorski, i'm talking balance sheet. all right? >> you brought us back to large cap, dow stocks where i wanted to go. >> do you think target will get a bid from amazon, do you think that's going to happen if you own target today, i mean, maybe you w

welcome back paypal's addiction to facebook along with their reliance on google for information is becoming a growing concern and among them perhaps surprisingly is the billionaire george soros who's lashed out at the platforms by branding them a menace american has no. well people all across the spectrum are concerned about the impact facebook and google have on our daily lives but some of the unexpected has decided to chime in and that's the liberal billionaire george soros who's called the main menace to society and an obstacle to innovation. media companies. how people think. without them even be aware of it and his open society foundation praise social media for facilitating the toppling of so-called evil regimes all in the name of social justice and human rights here's an example you know social media and other information technology tools to say we're going to is ations need to learn how to adapt these tools to the other needs where they risk being left in the dark now soros may be falling out of love with facebook and google but business is business after all his hedge fund still ow

so, you know, you take companies like paypal and uber and google. what do they do?y take a thing we all want but we can't have easy access to and they proliferate it and make it abun dant. what we're learning that we need more of today is truth. what is the business model of truth? who is responsible for it? who should be creating it? what i would tell you is that in part people like myself should be responsible for figuring out what that means. but in the same way, consumers need to understand. and the reason is because you will then anoint and pick the products and services that embody those values. and so that's what i mean by that. it's time to figure out how to propagate truth. >> so obviously this became a huge, huge bone of contention during the 2016 election, and facebook has taken its share of a battering since then about it. and as a new year message, mark zuckerberg said his 2018 mission is to fix those things that have gone wrong. but some people are saying, for instance, that even if that sort of new news feed that he's talking about had been implemente

. >> the man behind paypal, tesla and spacex is selling flame throwers or is he.is touting a $500 flame thrower which he says he'll cut a tunnel underlos angeles to alleviate congestion and even has a boring company. is this role or not? musk claims over 2,000 people have pre-ordered the flame throwers. >> hi there, everyone. i'm sure you enjoyed the day today. live doppler 7, the clouds around making for a pretty sunset. we'll continue to watch the high clouds streaming through the overnight hours. a live like from emoryville. 64 innies from so and 6 of a in observing land. look how mild on the peninsula. 63 degrees, golden gate bridge. you can see the high clouds here. everyone warmed up. at least three to eight degrees. 60 santa rosa and numbers slipping through the upper 50s from napa, novato and liver-sur-mer signature at 58 so we're anywhere from six to ten degrees warmer in some spots throughout afternoon, and we're look at another cool night ahead. this is san jose so 1 with the setting sun. high clouds and even warmer for your monday so we're talking 70s

settlements, credit card services, paypal. >> reporter: but to run a mining operation like this one requires a lot of electricity. this requires 7 1/2 megawatts of power, enough to power 11,000 homes. that's why he's in wenatchee, washington, home to a series of dams and the columbia river that provide cheap hydroelectric power. steve wright runs the chelan county public utility. he says there are currently 12 large bitcoin miners in the area. but with the recent dramatic rise in the price of bitcoin, many more want to come. >> in the last month we've had another 75 c we've gone from just a few people out there who have been on our door to all of a sudden, people banging on the door p just to lay a mile of cable can cost millions of dollars. he doesn't want to put the local taxpayer at risk. >> we don't want people who come here to make a quick buck off our low cost electricity and leave town and leave us holding the bag and leave the people of this community holding the bag. >> reporter: with all the infrastructu you built for them. >> that's right. >> reporter: so they've started demanding

mobile payments whether it's venmo or apple pay or paypal, are you accepting those types in the restaurant? >> we are hard at work with that. integrate the nfc and contact payments. we're payment agnostic as long as it's digital but if it's apple pay or currency that's quick and digital, we want everything. >> apple pay, venmo and what are these going to be as ubiquitous now as credit cards? zblit co >> it comes back to convenience and ease of use. more widely adopted. apple pay is the easiest. it's like a wallet, you're loading up existing credit cards on to that and using it as long as the point of sale service accepts it. google pay is a little bit more tricky and working it out to adopt the cards into it. >> thank you so much for coming in. leo, good luck. >> thank you, con ttessa. >>> a new week "on the money." you may be tired of hearing this but many aren't. stocks hit new highs this week. a fresh record in early trading on friday. as did the s&p 500. strong earnings and lower corporate taxes behind the surge. stocks closed higher on friday. america's economy grew at a fairly strong

and i know you're going to start with paypal.use i'm pretty sure it's close to a high. i don't follow it, but it's at $80 a share. you'd buy it at 80, why? >> yes. and we've owned it since the '60s. it's this old saying of cash was kind of so 2016. and those credit cards, you know, the plastic stuff in your wallet was kind of 2017. paypal and some of these other electronic pay systems are 2018, stuart. and if you look, paypal's behind a lot of the online transactions that you do whether you know it or not, and they've got amazing earnings power. they're getting that growth both in and internationally, and that's why we like them here. stuart: okay. now, you also like the big tech stocks. we always put up the five big techings. we put them up all the time, and you like four of them, as i understand it. the only one you don't like is apple. so tell me why -- let's start with top of the list there is facebook. now at 179. why buy it at 179? >> i'll tell ya, i was really excited about what happened last week with facebook and their t

. >> okay, so we've had both founders of paypal on, and we've had reed hoffman who sat in the chair and wozniak. i have done the calculations. you are on paper worth more than all of them combined. >> yeah, i am aware of those reports. i come back to -- i do think we're creating something very interesting. i was out here in 1997 in the birth of the internet. the movement happened around blockchain, around digital assets, it's very similar. you'll see lots of new cases. we're trying to build ripple into a company that endures -- >> i wish you so much luck and we're not even listening to you because we're thinking, what would it be like to have $9 billion. >> i'm thinking scott coin, now. >> immediately. >> scott coin is going to be run on the actual physical ledger, right? >> really quickly -- hold on. >> three seconds. >> i know i've got to stick in one last question and are you going to be on coin base, the popular way of buying cryptocurrency and there's speculation we'll be able to buy -- you can buy xrp now but not easily. coin base? >> there's about 50 exchanges in the world that a

national security agency's using voice recognition software to spy on paypal and detect their locations that's according to a declassified documents obtained by the media jacqueline vega picks up the story. isn't much. sure you can tell i'm sure now. that i'm american and that. the n.s.a. however could do a lot more easily using my voice to identify who i am what language i'm speaking my gender and my dialect according to cost by documents from the snowden archive the n.s.a. has been developing technology to identify a speaker using just their voice for years when sigint transcribers work the same tard. for a long time they sometimes can identify a certain individual in recorded conversations just by the sound of his voice and by his unique way of speaking this process was traditionally known as voice identification now rapidly improving technology is available that can do the same job but mathematically the technology works by analyzing your voice is unique features to create an individual voice print and once the n.s.a. has that a single speaker can be almost instantaneously pinpointe

. >> there's no late day rally coming to the rescue here yet. 15 minutes to go >>> paypal taking hitn word of a new competitor in the sector. >>> plus, is the trump white house about to pull the em nint dou eminent domain card in the air waves? thank you clients? well jd power did just rank them highest in investor satisfaction with full service brokerage firms... again. and online equity trades are only $4.95... i mean you can't have low cost and be full service. it's impossible. it's like having your cake and eating it too. ask your broker if they offer award-winning full service and low costs. how am i going to explain this? if you don't like their answer, ask again at schwab. schwab, a modern approach to wealth management. when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. fidelity. flexshares etfs are built around the way investors think. with objectives like building capital for the future, managing portfolio risk and liquidity and

you pay using venmo or paypal and spread the word on instagram or facebook. >> it's simpler than in the past where i had to send out physical letters to people to get them involved. that takes time, money, a lot of energy. >> experts say the situation might be a win for those early to the game, but at some point, people get cheated out of their money. and by the way, it's illegal. >>> if you have a google device that's knocking your home wi-fi off line, the best thing you can do is unplug them. google is working on a fix after numerous reports of google home and cream chrome -- and kroeftcast devices causing interference. a patch has been created until a solution is found. >>> apple says you will get to decide if your iphone slows down to save your battery life. a new software upgrade available next month will let iphone 6, iphone 6s, and iphone 6 s-plus owners control how their phones react. thank you, apple. earlier this year, apple was criticize for intentionally slowing down older phones each time new software was introduced. the company is offering a $29 replacement battery, as wel

a payment system to take on paypal and apple pay.his is part of an agreement addressing american complaints about unfair state health. they say it is a victory in one of the biggest trade disputes in u.s. history and claim the airline benefits from more than $17 billion in government aid over the last 10 years. researchers say creditors should reject what they call a naive plan. noble may be forced to deal with creditors to restructure debt, but iceberg says it won't fix fundamental structural issues. david: the wall street journal says saudi arabia and advisers the undecided about where they can trade shares in aramco. they've been warned that a new york listing could expose them to potential lawsuits from victims of 9/11. others say they won't be able to handle the search in trading from that massive listing. shanghai up by 0.7%. ♪ juliette: it is almost 12:30 p.m. in tokyo. yet is currently a little bit weaker. it is facing a little bit of a hangover after davos. the nikkei up by 0.5%. kong, as wein hong head toward the last half

within the white house protect lay the president's lab rations and communications with paypal lot of staff and others in the ministration this is not a privilege with a lot of support the case law question that a ball it's often asserted and then they. resolution is as negotiate at whether it's by to what will be disclosed a mobile not made his clothes and hair this situation we have outside attorneys talking to white house staff. in the it's not disclose the reason is not going to be disclosed and we have no idea who the attorneys talk to if somebody did find out who and they ended up having to testify in front of congress it would probably be a pretty way claim of executive privilege white house staff member talking to someone else's problem of afonso are. in us and less you know but out without say what happens when we just don't know who they spoke with. alan does the subpoena to the grand jury for ben and does he have to answer questions there yes every american at west including the president of the united states we know that from the nixon tapes case in from the clinton case n

the stan callie will show this week which starts on home a club live a poll you'll never walk alone paypal a sat down with a superstar in senegal international side i'm on i to discuss the supercycle team of two thousand and two and his hopes for the tauranga lions at next year's woke up the. the the. the. the the the here i am in the outfield dressing room suarez chair all dolled leashed and youngsters like trent alexander on the left in the past the present and the picture of the football club a man now going to the to die is a tauranga lion is a senegalese international and he's very much a superstar here in liverpool but when it saw them on a so do i see that you joined us here on field it's been a little while since i've played there you're doing fantastic stuff now for a little full but it sounded cool and the wilco and african full of lots to cheer about. you played in the olympics and a couple of african cup of nations wallets claim full.

>> i think our investors like paypal, pbg, they get really excited that we have a good business and where good. a product that helps americans were underserved . it is fair to our customers and it also allows us to build a strong business. >> acorn ceo, think you so much for joining us. coming up, travis kalanick's downward spiral at uber. this is bloomberg. ♪ >> are watching bloomberg technology. here's a check of first world news. causede global warming 2017 to be one of the hottest years on record. about the 20th century average. asset and researchers from berkeley ranked last year as second only to 2016, even in the absence of el niÑo which boosted temperatures naturally. first-time claims for jobless benefits and the u.s. have fallen to their lowest levels since 1973. 41,000nt claims held by to 21,000. that suggests the 4.1% in the plumbing rate, the lowest since 2000, could fall lower. arens of u.s. ambassadors expressing deep concern over the president trump's comments warning that engagement is crucial about protecting american interest. japanese prime minister shinzo i've been me

and no headline risk other than those two along with discover, wow, paypal and a bunch of financial tech facilitators, morning star, it was too risky to go into financial institutions there was no reason to embrace either the big banks or the regionals despite massive. new consensus from the fed last summer that the tightening cycle is on. and on for good because the health of the economy is no longer an issue. it is obvious the strength of the bank stocks. they embrace them rather than fear them. despite the endless chatter that rate hikes could spark a recession. the fact that the housing stock hasn't rolled over from at least we can tell, they plateaus last week we are still getting an economy that is robust loan growth i believe the bank managements are starting to take risks right as loan demand returning to many areas, consumer and small business loans and particularly in the southeast we have weaker construction and industrial loan growth another factor that is bossering and that is lack of supply all of these companies have stepped up their buy back. i can't stress the importance

that we pay billions of dollars to for nothing but many other countries and others, as an example we paypala palestinians hundredsf million a year and get nothing no respect. we have taken jerusalem off the table. but israel for that would have had to pray more. palestinians no longer willing to talk peace, why should we make these massive future payments to them? michael, you tweeted out today, about the pakistanian support about the haqqani network, they are the afghan taliban military force that allegedly takes safe refuge across border in pakistan, we're threatening to withdraw aid from pakistan as well, is this something military is supporting by no action or actively supporting the haqqani network? >> it is not pal pakistan's military but intelligence servais that looks at haqqani network, afghan taliban -- and pakistani taliban, they can use pakistani taliban in india, to conduct attacks and provide lethal aid to afghan taliban to disrupt and build up a threat to iran considers a threat. problem is we've been in afghanistan for 17 years, one year each, one time 17 times. and every ye

players -- risk amazon decides to build its own paypal. >> amazon has been great, all the things theye done, that we cannot sit idly by and allow them to take our business. >> this company could double. >> they are going to be a force a force in searches, 55% of product searches are initiated on amazon, and lastly on advertising. now it is a 55% share. voice and the up home, app in the media with number seven and percentage of share during prime time, now it is number three. estes growing media growth, literally kicking the but of siri in full view of everyone. emily: jeff bezos had this to say about the deal. health care business is complex and we enter this challenge with open eyes about the degree of difficulty. for more i want to bring in zach steve from health care venture activities. >> what a week for health care innovation. worst apple is getting into the space and now the announcement that amazon, berkshire hathaway, and jpmorgan main. if you look at amazon, they spend somewhere between $3 million and -- $3 billion and $5 billion on health care, it is growing three times over

square and paypal.hey were never in the sentences with visvisa >> square is going to entrepreneur up 5.5% i think it is an instant call, calling them -- >> you know who runs square? the man with two jobs. >> i know who's on the board of directors. >> david vineyard. >> nobody even complains about it >> they stop talking about blocks they're no longer is like we are going to take bitcoin. >> how do we measure square? should we measure by installations? the guy just sold me my coffee, they have square >> it slows down the line a little bit which bums me out >> we usedd cavier >> everybothings that we pay mo. i will pay more for apple storage, that's the revenue line okay >> okay. i have created jobs. but, if you look at say the base that we have gotten the last couple of months companies with pricing power, it is limited >> the costco card is another great card >> what is that annual fee, do you know >> no, i just pay it >> i think it is $50 or $10? >> could be a lot more, you have no idea. >> i got the b

paypal and then mo, these are the young person's financial service companies. a great opportunity, will he be missing twitter? of course. he can make it so it is the actual super market. and you get in there and you think he's going to give you a loan but it is all apart of your financial world because he's got your data algorithm. >> you think it is ipo you think it is headed that way. >> i want to buy it right here >> i think it should open higher than currently trading >> verses to say -- >> yes, that's a difficult morning for them >> the people are out for that business by the way. everyone one of these companies, alexa, they got the ability to do it. by the way, i have to think and a lot of people are down on apple and what it is doing with its home product, the rise on february 9th do you they they'll get it >> nvidia go fetch >> siri sometimes gets it wrong. i like the privacy >> it will arrive in stores for the 9th. after a long break >> it is true. it is optimal. >> dow is down 20. travelers adding 40 points on the dow. >> lets get to seema mow ddi >>

huge debate, especially about whether or not there's a real future for it but he was a co-founder of paypal, big payments network, if he's getting into it, maybe there is debate to be had. >> if we are trying to figure out the cost basis, a lot of people are, in mid-2017, bitcoin was $600 or so, $500 they are making a lot of money off this, for sure no matter the timing >> like you said, the move right now says it. whether or not it stays that way, we do know how volatile the currency can be with regard to some of the headlines coming out. >> as long as they bought before december >> even if they bought in december >> peak was 20,000 two weeks ago. >> first investor in facebook as well i wonder, he's had some good investments. he's been politically charged but i think his investment track record is pretty good. >>> to the bond market we go rick santelli tracking the action >> you know, it's an exciting first day for treasuries as a matter of fact, if you go back about 10, 12 years, you will find that there's a lot of first couple of days, first weeks, where treasury yields come out of the b

i think our investors like bain, paypal, ppd, they are excited we have a good business that does wellg good. we are building a product that helps americans that are underserved. we believe in financial inclusion. we have a business model that's fair for companies -- customers but also allows us to build a strong business. selina: no luck, acorn ceo, thank you for taking the time to join us. for joiningnk you us. coming, travis kalanick's downward spiral at uber. this is bloomberg. ♪ reporter: that's 12:30 here in hong kong. i have an update of the top stories. softbank is now uber's top shareholder after buying about a billion dollars of stock at a discount and investing 1.2 $5 billion directly. this deal includes extra board seats. wanda hotel development company has halted trading in hong kong pending the announcement of what it calls a very substantial sale. company isarent close to reaching an agreement to sell two australian luxury property projects. the new zealand prime minister has announced she is expecting a baby in june. she says she and her partner are really excited that

it takes paypal and regular credit card. it is an easy way to show you have made a purchase.ay to offer operators your proof of purchase. you can transfer within a two hour window.>> the app was launched in november. the fee structure started new year's day. adult fares went up a quarter. express bus fares are up $.50. >>> thursday nights are about to become a battle here on fox. details on the new music competition like no other. paul chambers has a behind the scenes look with the a-list judges.>>> bill martin with your complete bay area forecast as we show you the bay bridge. he will tell us about the next round of rain coming our way. >>> back to the latest on the winter storm battering the east coast from the carolinas to maine. hurricane force winds are causing damage and flooding. more than a foot of snow expected in some places. icy conditions forced the cancellations of 5000 flights in and out of boston new work and adelphia. they might cancel more tomorrow leaving travelers stranded.>> i've never seen la guardia like that before. it is closed down. no people. there w

he's an investor who backed tech heavy weights like google, paypal. at mayor lee's private funeral, instead of reviewing mayor ed lee's contributions and his life, he backed london breed. this is a person who will be heavily involved with a lot of money in lobbying and i believe that is range of power that should not be acceptable in our government and our city government. for that reason, i support and back naomi kelly, also a woman of color. thank you very much. >> clerk: thank you for your comments. next speaker, please. >> good evening, board, good evening madame president and the acting mayor. my name is richie greensburg, visiting from the richmond district today. i would like to nominate naomi kelly. i would like to see the city remain balanced. it should not be a racial issue, should not be a gender issue, it should be a person who has four positions, district supervisor, president of the board, interim mayor, and mayoral candidate, four positions, too much, we need to keep the city balanced. i nominate naomi kelly. >> clerk: next speaker, ple

pay out using venmo or paypal and spread the word on instagram or facebook. >> it's simpler now than where i had to send out physical letters to people to get them involved. >> reporter: rob devidio tells me he's seen this before. it's a win for those early to the game but at some point, people get cheated out of their money. >> is this legal? >> no in the united states, it's not legal. it's illegal to operate a pyramid scheme. >> reporter: plus no guarantee you get your cash which is why some students are wary. >> i haven't had any close friends do it because i don't think my close friends would want to do that but some distant friends that have reached out and been like, do you want to get in on this. no, thanks. >> if i had money to throw around, sure, i guess, but, no, i don't think i would. >> reporter: the reason this could prove difficult to track down is people using apps for the exchanges using code names on venmo or other money apps. they don't get flagged. and because the $150 people stand to lose is not that much money so they're not as likely to report it to police. this