a paypal user but as an amazon member, it is an obvious at edition. hard would it be for amazon to get the users to migrate over, which would be there only way to be competitive here. give you ancient amazon history. i think it was about eight or nine years ago, they introduced phrase, acalled pay way to substitute a username or password with just a freeze. they wanted to make it easier to pay. it went nowhere and that is the challenge. paymente a lot of choices and paypal is in the lead and amazon is to figure out how to do things a little differently. >> all right. brad stone, bloomberg technology senior executive editor, thank you for being with us. i sit down with the campus finance minister to talk nafta, trade, and trump, and we will bring you that at 1:30 p.m. eastern. this is bloomberg. ♪ mr. elliot, what's your wifi password? wifi? wifi's ordinary. basic. do i look basic? nope! which is why i have xfinity xfi. it's super fast and you can control every device in the house. [ child offscreen ] hey! let's basement. and thanks to these xfi pods,

shery: i don't remember using paypal in asia.want to make payments for people here in the u.s.. david: i will confess, i use paypal. lisa: cash and checks are going away. david: lisa abramowicz, thank you so much for being here. sign up for the balance of power newsletter at bloombergpolitics.com. get the latest in your inbox everything will they. yield" coming up, "real with jonathan ferro. on any of theout charts we showed you throughout -- go to gtvtb go . ♪ jonathan: from new york city for our viewers worldwide, i'm jonathan ferro with 30 minutes dedicated to fixed income. this is "bloomberg real yield." yieldsn: coming up, breaking up to the highest level since 2011. italian bond market adjusting to a populist government determined to spend more. e.m. central-bank credibility very much in question. the central bank governor and president erdogan. treasury yields breaking out to new highs. >> short-term,

thing about paypal again when the acquisition of ice at a will be completed paypal will have an in-store present in eleven markets in europe and also in latin america. cross the us donald trump has pointed the finger again at the german car industry of people getting war is there where you will. well donald trump and his german cars this is a laugh that's most likely not going to result in something we have to remember that he has been talking for a long time that he's things that it's very unfair that he sees so many. german cars on american rolls but rather no american cars here on the european rolls well i guess investors are actually used to those comments already now of course there is this fear about you know tears and about possible sanctions but in regard to this they don't really care that much this morning heart. friday and today. the markets this week we look forward next week but when everybody has recovered from a very long weekend here there is no trading here on monday because of pentecost talking here about the german market on thursday dacha bank the biggest german lende

paypal's nested up before it had a chance to go public.l will take over those operations in europe and latin america, opening it up to 11 new markets, including right here in france. shona: interesting. thank you. now it is time for the -- what is going on in the press. ♪ solange, joins me to look at what is grabbing headlines around the world. the royal wedding between meghan markle and prince harry is tomorrow. this is on nearly every front page of the british press. solange: it is indeed. i would like to start with something for people who do not really care about the royal wedding. it is a cartoon from the new york times. it tells news watchers to hold on a little bit longer, it's a must over. the man saying, i am looking forward to the happy ending to the 24/7 news coverage. shona: not everyone is unhappy with the royal wedding? says it the guardian will not be long now. the daily telegraph wonders who will walk the bride down the aisle after all the hubbub and scandal about meghan markle's father. has meghanmes" markle on the cover.

it will help paypal expand its digital paypal service in europe and latin america. >>> other top executivesstepping down from uber. the chief product officer is the latest of more than a dozen senior executives to leave the rideshare company in the last year. spokesman says he oversaw uber elevate, the flying car operation. the new ceo has shaken up the company since taking over last august. he's trying to improve the uber reputation after several scandals. >>> to micro unit apartment buildings will be built in the san francisco tenderloin neighborhood. for people that make less than $80,000 a year. 98 unit building is going up there in leavenworth, a 136 unit building will be ataturk street. the apartments arranged from 250 square feet to 440 square feet with a shared community space on each floor. the developer plants use on- site modular construction to bring cost him. the san francisco construction units are against that. because it means a lot of the work will be done outside of the city. it is estimated that the starting cost for these micro units will be up to $3000. they will be for

paypal is stomping out to billion dollars.t makes credit card scanners for smart phones and tablets. it is a big deal for a small firm, and the agreement came as a surprise as the young company was getting ready to make its stock market debut. now paypal, the leading online payment service belonged to ebay and has been valued at $94 billion. but this is their biggest acquisition to date. it is looking at ways to strengthen its platform for handling transactions with all businesses in europe and latin america which have made much easier with those small card readers. italy finally has a government deal after 2.5 months with the anti-establishment five-star movement and the far right leg coming together to form a coalition. they have put together a plan to govern the country. gone are the leak proposals to scrap the euro which rattled markets. that plan to ask for massive debt forgiveness from the european central bank. what is left? reporter: the shares tumbled sharply on thursday after the new coalition proposed scrapping rest

. >>> and paypal pays big bucks for izettle putting 2$2.2 billin on the table in its biggest acquisition to date. >>> good morning happy friday before we start the show, let's check in on markets. u.s. stock markets finished the day in the red last night after president trump did say that trade negotiations with china are unlikely to succeed, though we have seen a bounce in asian markets with most asian markets trading in the green you can see the broader euro stoxx 600 is in the red this morning, down 0.3% let's get into individual markets. today the picture is one of weakness across the board. i would point out that actually yesterday in trading ftse reached its highest level since january. and the dax reached its highest level since february both coming off a bit today but managing to eke out higher gains for the year or where they were a couple months ago. ftse mib also continues to lag lots of volatility there lots of questions about government formation >>> let's switch the sectors, we can see financial services are one of the sectors outperforming today. yesterday they did have qu

i will talk to the ceo of paypal and it is a company that shares roughly 35% year per day is there more upside today i am sitting down with the ceo of pav low software. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to madmoney@cnbc.com or give us a call at 1-800-743-cnbc miss something head to madmoney.cnbc.com. welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com >>> remarkable run last year with a stock up nearly 9%. online kingpin has mostly been marking time earlier today i got a chance to check to john rainy. >> john, you have a really big analyst day, i would like it know what are the themes you are going to go over one is after our last quarter call, there was a bit of noise in the market around our relationship of e-bay. hoping to address and allay any concerns we are also blessed with a good balance sheet. continue to grow at the rate of a couple of years. >> as a cfo. y

amazon pay is kind of like paypal.nd sayclick something amazon pay. >> i think a lot of retailers might feel a little uncomfortable having amazon know the revenues moving to their system and the competitor. you can benefit a lot from the trust people place and we already have these stored on file. there is competition. >> what kind are we talking about, potentially, giving back? networks like lisa and mastercard there is a whole world of payment processors. is a big business. gets a discount already with these guys. what they're looking to do is transport the discount and amazon.o sell on >> why do they want to be on the business? i guess they want to be everything. discounts tove grow it. >> i think it is one more way amazon -- customers. the kinds of things my customers are shopping for. think it is a way to keep people further into the amazon system. they are constantly looking at ways to bring smaller market -- merchants selling and partnering with the platform. leap and a jump but it is outside the wheelhouse. >>

big story on paypal shelling out big bucks to buy start-up company.tracee: it's buying $2.2 billion deal, gives paypal access to 500 small businesses around the world that use technology to process customer technologies involving credit cards. it also puts paypal in direct competition with square, a similarly-operated financial services and mobile payment company founded by twitter ceo swrak -- jack dorsey. cheryl: facebook quizzes are actually putting people at risk. tracee: there's a royal wedding quiz popping up on facebook that cheryl said could put your identity at risk. so you might be lady jane fido of river. post your royal name, these are all very common security questions and information you probably shouldn't be posting publicly. so these are the answers. gerri: i was thinking we should come up with own british nicknames. prince williams is wills. come up with our own. cheryl: says no. gerri: how about princess? [laughter] cheryl: coming up, some serious news to talk about this government. deadly antigovernment protest rock iran for a secon

. >>> and paypal shelling out 2$22 billion for start uup izettle it's friday, may 18, 20e 18, "worldwide exchange" starts now. >> happy friday. good morning from wherever in the world you may be watching. i'm brian sullivan future rinsedy ka eare indicati markets are set to open higher we'll have much more on the markets coming up. first we have a big development in the ongoing saga for control of cbs the company is now postponing its annual meeting, this after cbs's board moved to dilute the voting power of its biggest sharehold shareholder. let's get to leslie picker >> there's a lot to unpack here. today is supposed to be cbs's annual shareholder meeting, but late last night the company postponed it in the accelerating war between most of the board led by ceo les moonves and shari redstone i was outside cbs's headquarters last night as the board was meeting inside we saw several board members walk in. they voted to approve a special dividend that diluted redstone's voting power to 17% from 79% the board said if consummated the dividend would enable the company to operate as an indepen

paypal acquiring isettle, one of europe's best startups the price tag 2$2.2 billion it will expand paypal's the deal. help me understand this. this is a bricks and mortar play also a play that puts you in competition with square. they also have a bricks and mortar play. the thing i'm unclear about, explain this, you have had such success with venmo and trying to take away the brick-and-mortar piece of it. tell us why you wanted to own this particular channel. >> this is really about small businesses, and small businesses using mobile devices to blur the lines between online commerce and physical world commerce. so what we think the izettle team has managed to do that not just for instore, a single country, but for global markets around the world we think izettle has done a fantastic job creating small business through a mobile point of sale that's in multiple markets around the world it's multinational already and that we think fits with our global scale and reach and how we want to serve small businesses around the world. >> and how much of this was driven offensively versus defensively? m

this would infringe on paypal space.here is no pay with paypal button on amazon website back over to you >> all right could be telling deidra, thank you very much. paypal down now about 2.5% >>> we have about 35 minutes to go and the dow is actually heading to fresh lows here we're down 122 points. even the nasdaq has now turned negative >>> up next, facebook is getting into the dating game that's heart breaking news for a number of heotr online match makers we'll discuss the fallout when "closing bell" returns standard. they are called "cfa charterholders." demand the best. demand a cfa charterholder. cfa institute. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - dad's got all the answers. - anncr: prevagen is now the number-one-selling brain health supplement in drug stores nationwide. - she outsmarts me every single time. - checkmate! you wann

speaking of payment apps, paypal is making a $2.2 billion purchase, the biggest ever for paypal as it the likes of square. the small business started off with a mobile phone gadget for accepting credit card payments and is now expanding into software to support businesses. izettle expects gross revenue of $2.2 billion in 2018. coming up, could more multimillion dollar fines be on the way for google? that's next. ♪ caroline: welcome back to "bloomberg technology." shares of alphabet fell by as much as 1.5% friday after news that "60 minutes" will air a segment with google critics accusing the company of stifling competition. emily: here now with mark bergen, who covers alphabet for bloomberg technology. we watched shares fall on the news of the "60 minutes" report is going to go hard at google for potential antitrust violations. what is new? mark: what is new will probably be the audience. a more mainstream consumer audience, older audience. i imagine this will be targeted to presenting what is now a years-long case the eu has been building, reminding regular consumers that google has

paypal jumps 1.7%. square holds back about 3%. all this happened right near the closing bell. back to you. david: nicole, thank you very much. phil, gold tumbling to the lowest level since december. is that all about the dollar? >> it is, david. that is a big part of it. you would think gold in an environment where we're worried about war in the middle east and worried about the return of inflation, gold would do a little better. not so today. as nicole mentioned, we saw gold at highest level. year. gold at lowest level of the year. lack of fear, lack of rick, you look at the weak vix index, there is not a lot of fear in the marketplace. you would think with oil prices going up they might get a little scared, right? we awe $80 a barrel in oil, first time since 2014 in the brent crude contract today. the u.s. oil market had a 10-day winning streak going. they ended up even on the day. a lot of selling because of the june option expiration. a big bull market. strong gas and diesel prices as well. back to you. david: i should have sold my gold over $1300 an ounce. i was thinking

paypal is buying swedish small forness platform izettle $2.2 billion.ever deal will help it compete with square, which processes credit card and mobile transactions. it cost so self-portrait is said -- a picasso self-portrait is said to have been damaged. -- paintattached to roller attached to an extension pole damagedit -- it. that is your bloomberg business flash. anna? anna: thank you very much. juliette saly in singapore. volatility and fx markets has always been a concern for ecb. that is according to vitor constancio, who talked to bloomberg. >> we were concerned always with volatility, excessive volatility in exchange rates -- and exchange rates. we do not have a target for exchange rates, as you know. the volatility in foreign exchange markets, particularly among the advanced economies, has been a result of what has happened to the dollar. that is still the story. anna: that was the ecb vice president, vitor constancio speaking exclusively to bloomberg. still with us is valentin marinov, head of fx research at credit agricole. is it a strong dol

about this well they are hoping for more synergies between the companies and the move really boost paypal in-store present at the time when competition in the online payment sector is increasing after the close of the exposition the co-founder he will remain in charge of i said will reporting then to the pay paul chief operating officer be ready ok so what's the game plan is this is a sign that europeans are already changing the ways that they pay for things well europe really needs to speed up in many parts europe is really way behind when it comes to cash less transactions in our daily lives also here in frankfurt some of the taking a taxi is impossible without cash some drivers simply won't even accept credit cards let me tell you that asian countries are way ahead of us i was recently in shanghai i was astonished even a little street kitchen you were able to pay with an ad also a beggar at the road i couldn't believe it first were accepting online donations simply showing me their barcode so there's a lot of potential and i'm sure paypal will be seeing this as well pay pal could help

payment -- paypal is about two thirds of merchants out there. a way to go to start claiming us and take badge of it and having inroads on paypal as well. emily: caroline hyde and sarah frier, thank you both. coming up, google backed tv is adding its first female investing partner and we will hear from her next. this is bloomberg. ♪ emily: chrissy teigen is hopping on board and brings success of these to the blue apron menu including recipes from her cookbook. untils will be available july 9. after overseeing every twitter acquisition in history, she is starting a new history as the only general partner -- only female general partner. she left twitter for brief spat and went back to twitter in december of last year. why return? promotion, now a you are general partner. why them again? >> i'm delighted to be a general partner. i think it is a tremendous platform and a really differentiated platform. the role of an investor is to support and back sounders -- founders through the whole lifecycle of their journey and that is work i like to do and hav

. >> paypal.ullman is talking about tying up with google even mentioning amazon but this was just a lovefest i think the paypal is headed to all-time highs and i think people should buy it it was up 1 going into the session. paypal is going to take over the world. he's talking about giving -- on banking, 2 billion people don't have a bank account but they have a cell phone. you just need a cell phone to bank with paypal and venmo. i'm going to venmo you some money. >> i actually have venmo >> kayla tausche tried to get me to venmo her >> i'm surprised you don't do it from your apple watch. that's next. jim, what's on "mad" tonight >> we're talking about the fact the justice department is going to win the case against -- >> no, you're not. will you stop doing that >> it's memorial day weekend let me do some teaching. all right? prepared >> i'm ready >> you ready >> i'm ready and you clearly are ready. you never talked to philip roth that you lived next to him >> i didn't live next to him i lived ar

over at paypal. >> yeah. >> buying the square of europe. >> yeah. 500,000 different customers.utting paypal squarely in focus when it comes to competing with square or the customers in smaller businesses even my guy out here has a square the stand, as well, at the coffee shop. $90 billion company. >> paypal, yeah. >> sometimes you miss that it was not that long ago it was split with ebay. it appears they lost the ebay business the only thing has been one set back but overall it's been strong. >> yeah. >> i guess i said it was poised to do an ipo so paypal came in and said, you know, we'll take it. which usually means other potential bidders were around. you know, somebody is going public you want to take a a look. the question is where the space is going you know even the mastercard and visa is trying to do their own point of sale stuff. it's so interesting how it's a little bit of a arms race in this area that everyone says is, you know, nafta forever. >> yeah. the square had a meanfully positive run for the last couple of years well, since going public. >> jack door si was in

it is similar to paypal.ite, you can rather than enter your data and , deliver address, you can login with your amazon service. the wariness has always been, do i want to share this info with might be competing with me as a retailer? they're trying to offer a discount hoping that once they take the leap of faith will see positive results. >> xiaomi filing in hong kong for potentially the the world's largest ipo since alibaba back in 2014? >> using hong kong's new rules for going public here it two days after the rules came into effect, what is your initial takeaway? it's not exactly the company at its peak. >> actually, they have had a goodyear the last eight months. they have timed it perfectly. what they've done in the last 18 months to ramp up the numbers. a great turnaround story. the bankers have got a great story to tell investors as we go into this ipo process. we've seen the smartphone business do very well and they are spending a lot of time talking up how their shipments have done very well. they ha

leslie >> hey, kelly, i want to bring you some interesting moves in paypal during the quarter. ended march 31st some hedge fund filings. carl icahn most notably dissolving his stake in paypal that's a position he has held for a while now. marking an end to a chanter there. if you recall, he pushed ebay to spin off paypal, and now of course he has exited about 8 million shares at of march 31st. on the flip side, green light is taking a new position, about 67,000 shares. that amounts $5 million at the end of the quarter not a huge position, but interesting nonetheless. paypal is up 5.5% year to date back over to you. >> all right, leslie, thank you. >>> let's get a quick check on the other headlines teva higher. sales force getting a pop after they tripled their stake in cloud company to 2.3 million years. and the dow etf slightly lower after hours on reports that north korea is suspending talks with the south because of military drills with the u.s and mike, now we head into tomorrow, waiting for more data that might tell us whether the narrative today about inflation and growth

paypal has bought swedish mobile payments company izettle for $2.2 billion. izettle, which sells a card—readerses, had been planning to float on the stockholm stock exchange. the move boosts paypal‘s in—store presence at a time when competition in the online payments sector is increasing. and now, what is trending in the business news this morning? in the financial times, hidden value in phones could cut us trade deficit in half. google's chief economist says the way trade figures are calculated doesn't reflect the complexity of modern business. software developed in silicon valley, like google's android, is in phones worldwide, even though they are usual counted as made in china. in business insider, boeing, the us's largest exporter, is poised to be the biggest winner in china's pledge to cut the us trade deficit by $200 billion. in wired, an intriguing story — inside the bitter war to bring tupac and michaeljackson back to life. concerts involving dead celebrities reincarnated as holograms are big business. and don't forget, let us know what you are spotting online. use the hashtag #bbctheb

we'll talk to paypal and bring you more as we get it.ean time, big pharma mixed, but escaping president trump's crackdown on high drug prices. with more ideas on the pricing, dr. kenneth david, president and ceo of mt. sinai health system >> good to be here >> what's the best idea you have for lowering costs >> oh, my goodness, so many ideas. i think the president put his finger on a good idea when he talked about the problems that we have in that americans wind up paying much more for our drugs than anywhere else in the world. the rest of the world controls their prices the u.s., it's a free market so, essentially, the u.s. is underwriting the research and development core that happened to the rest of the world this is the trade issue. this is a fair trade issue we have to bring it up in trade negotiations my kwrn conceconcern, however, e convince the rest of the world to raise their prices, will the drug companies pass that on , their savingsavings, to the amen consumer >> making more money for overseas drugs, so, thanks, that's good,

paypal, visa, mastercard, big names in the payment place but there is an unsung that is up 377% in five years it's not done. do you want to know the stock? thought so that's why you have to stick with cramer! >>> didn't miss a second of "mad money" follow @jimcramer on twitter. have a question? tweet cramer #madtweets send us an e-mail at madmoney@cnbc.com or give us a call 1-800-743-cnbc miss something go to cnbc.com welcome to holiday inn! thank you! ♪ ♪ wait, i have something for you! every stay is a special stay at holiday inn. save up to 15% when you book early at hollidayinn.com save up to 15% they're pocket-sizedearly personal trainers. last-minute gift finders. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which can save you $400 or more a year. it's a new kind of network designed to save you money. click, call or visit a store today. >>> look we all know it is an emotion al market where everyone is hanging on the edge of their seat in anticipation of the next development in the trade talks with ch

shares in paypal after amazon said it would potentially pay retailers to use amends instead of paypal. tesla, one to watch. these were frozen. after the call elon musk got on the phone to talk with analysts. he was down right rude. they are worried tesla doesn't have enough money to build cars and pay off debt. they posted worse quarterly report in history. when asked a very reasonable question how tesla would build cars and make money doing so. excuse me, next, next, boring, bon head questions are not cool. boring, bonehead questions are not cool. and, "these questions are so dry, they are killing me." for the hundreds of thousands of americans who have given tesla a deposit on a car they haven't been able to buy, those aren't boring questions at all. musk promises tesla will be profitable when they build 5,000 model 3s a week. he says tesla can do that in the next two months. but that would be more than double what they are making now. even if you somehow swallowed the idea tesla could make 5,000 a week, their battery factory can't make 5,000 a week. elon musk makes promises wall st

pay instead of other payment methods like paypal online. tesla is the one to watch. after the bell, after these numbers were frozen into place, tesla got on the phone with reporters and analyst toss talk about the company's financials. elon musk was down right rude on the call. enforcers are worried tesla does not have enough money to both build cars and pay off its debt. tesla posted its worst quarterly loss in history. now, when asked very reasonable questions about how tesla was going to keep building cars and make money doing so, musk said things like, excuse me, next, next. boring, bonehead questions are not cool. and, "these questions are so dry, they are killing me." for the hundreds of thousands of americans who have given tesla a deposit on a car they haven't been able to buy, those aren't boring questions at all. most question tesla will be profitable when they build 5,000 models, more than double what they are making now. even if you somehow swallowed the idea tesla could make a p -- 5,000 a week, their battery factory can't make

it is similar to paypal.re on a website, you can, rather than enter your credit card data and delivery address, you can simply login with your amazon service. the wariness has always been, do i want to share this info with amazon, which might be competing with me as a retailer? what they are trying to do is offer a discount, trying to get merchants over that hump, hoping that once they take the leap of faith will see positive results. >> xiaomi filing in hong kong for potentially the the world's largest ipo since alibaba back in 2014? >> yes. it's the first company using hong kong's new rules for going public here it two days after the rules came into effect, what is your initial takeaway? we were talking about how this feels like a weird timing for the company. it's not exactly the company at its peak. >> actually, they have had a good year the last eight months. i think they have timed it perfectly. i believe they have done what they need to do over the past 18 months to really ramp up the numbers. they hav

julie: amazon pay, it may not be as well-known as paypal, but if amazon has its way, it will be.ine retail giant is offering discounts to retailers to expand its payment system. >> amazon's payment service has been a challenge for them. and it is very similar to paypal's where, if you are on a website, you can, rather than enter your credit card data and delivery address all over again you can simply login with your , amazon service. the wariness has always been, do i want to share this info with amazon, which might be competing with me as a retailer? what they are trying to do is offer a discount to try to get merchants over that hump, hoping that once they take the leap of faith, they will see positive results. >> chinese smartphone maker xiaomi filing in hong kong for potentially the the world's largest ipo since alibaba back in 2014. >> yes. it is the first major company to use hong kong's new rules for going public here it two days -- public here in two days after the rules came into effect, what is your initial takeaway? we were talking about how this feels like a weird tim

i would look to the major financial powerhouses, xlf >> i love the paypal i would be a buyer >> the old lady is getting on a boat do you know what she's getting on the caribbean. >>> see you back here monday don't go anywhere. "options action" right after this at ally, we offer low rates on home loans. but if that's not enough, we offer our price match guarantee too. and if that's not enough... we should move. our home team will help you every step of the way. still not enough? it's smaller than i'd like. we'll help you finance your dream home. it's perfect. oh, was this built on an ancient burial ground? okay... then we'll have her cleanse your house of evil spirits. we'll do anything, (spiritual chatter) seriously anything to help you get your home. ally. do it right. to help you get your home. ♪ i just want you close, ♪ where you can stay forever. ♪ you and me together ♪ through the days and nights. ♪ i don't worry ♪ 'cause everything's ♪ gonna be all right. ♪ no one, no one, no one ♪ can get in the way ♪ of what i feel for you. >>> this is "options action" on this friday. here's wha

. >> paypal. >> yeah. >> he is a computer wiz. he is an immigrant, as well.it is a marvelous story for an immigrant to make it in this country with paypal, spacex, and tesla. tesla is slowly making inroads into the automobile manufacturing business, a difficult business inherently to make inroads into. it is very impressive. you start out with a ceo who has his own financial backing and that he is a billionaire. this marks a contrast from some of the other mavericks look at. that is one plausible reason why tesla seems to be holding its own so far. what are some of the reasons? tesla's stock is doing very well. what are some other possible reasons to explain why tesla has not gone the way of tucker and delorean? at least not yet. any other ideas? what about the nature of the car? what powers tesla? gasoline, diesel? ryan? ryan: it is an electric car, that makes it much different, and in a way, more appealing to consumers with a taste for the future who want something different, not just gasoline vehicles for the last century, what we have been using. >> yeah,

. >>> the digital service paypal is buying the financial startup service izettle. in 11 new markets including germany, france, mexico, and sweden. and xbox is introducing a controller for people with disabilities. the adaptive programmer has two programmable buttons and 19 jacks that can be connected to buttons and setups. players can use it for their setups and needs. >> that's a great idea. >>> still ahead, unmasking d.b. cooper. a new memoir details an alleged confession by a man who committed one of the country's most famous unsolved crimes. your hair is so soft! did you use head and shoulders two in one? i did mom. wanna try it? yes. it intensely moisturizes your hair and scalp and keeps you flake free. manolo? look at my soft hair. i should be in the shot now too. try head and shoulders two in one. we believe nutrition is full of possibilities to improve your pet's life. we are redefining what nutrition can do. because the possibility of a longer life and a better life is the greatest possibility of all. purina pro plan. nutrition that performs. for my consti

paypal also in san jose said it's going to buy a swedish company for more than $2 billion. a former paypal employee elon musk announced last night he'll dig a loop of tunnels in los angeles that will take you from dodger stadium to lax in less than eight minutes. that ride he says will cost a dollar. he also announced flame thrower shipments will start in two weeks. musk showing it off a few months ago in an instagram post. it turns out the post office doesn't want to deliver flame throwers so they are going to be delivered by private delivery van. the president met with a top chinese trade official in the white house. remember the president made that peculiar promise over the weekend to save the chinese company, save chinese jobs. a company that illegal sold the technology to iran and north korea. one of the very first investors in theranos defending the investment after the company ceo here was accused of fraud. theranos has been accused of faking results and faking that the blood testing machines work at all. a new book exposing the secrets of theranos and its down fall

." >> straight ahead, the big call on paypal. why this analyst says a 58% run in the last year is just the beginning of the story >>> plus, jon sees unusual options activity in another big name which side of the trade do you want to be on? "the halftime report" is back in two minutes. well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. oh hi sweetie, i just want to show you something. xfinity mobile: find my phone. [ phone rings ] look at you. this tech stuff is easy. [

the deal is the biggest ever for paypal and will help it compete with square.obile phone gadget, expanding into software and financial services. momentum. musk's his cutting-edge transportation project. a wrench in his work. ♪ moreet: tesla may need than $10 billion in external capital and debt refinancing by 2020, according to goldman sachs. it would be used to fund -- we are joined by dana hall. it is not just goldman sachs. rudy's has also said it expects tesla to pay -- we know tesla burned through more than $1 billion in the first quarter. responselon musk's other than, no we don't? teslary analyst thinks needs to raise cash. he said he doesn't need to end his restructuring the company, but it depends on whether they can thread the needle in terms of getting the production model up and getting enough cars out the door. everyone thinks they need to raise money, just a matter of when and where. everyone is seeing a big delta. if they land a factory deal in .hina first, they've got to get the -- out the door. key thing is there's no getting around the fact th

the same thing, believe it or not, in paypal i'm not trying to switch on you, but i'm saying there's a couple stocks that have hardly had a down tick in the month of may. and apple and facebook are two of them that have just been kicking butt and taking names. love the stock, as you know. the only big cap i own i continue to own it here and i'll keep writing calls against it i think it's going to finish the year just as strong as the last month indicates. >> i would be talking about $200 in the not to say distant future you own it as well >> i own it as well. we're talking about this march to one trillion. i looked at the q for the most recent quarter the share count went from 5.1 billion shares a year ago, to 4.9 billion. whereas a year ago, $190 a share would have been $1 trillion, now you're looking at 203, 204 to get to a trillion. there hasn't been much news this week, yet it still keeps going up this can't keep going? >> why not why wouldn't it be. >> what it could also be is the buybacks taking place. >> both. it's both. >> let me finish every quarter, we're going to have to l

in this will help paypal compete with square.s that customers increase we want a full suite of capabilities across channels. guy: with get your stocks to watch from around the newsroom. joining us now from our equities team. she is looking at astrazeneca. we are looking at luxury retail ont.richem let's begin with astrazeneca. investors are underwhelmed by this morning's numbers. >> that is true. despite the fact that after zeneca is producing new cancer -- astrazeneca is producing new drugs, thediabetes following sales were attributed to the heart disease drug, which used to be a big blockbuster. it used to be one of the most well sold drugs and most popular in the united states, but has unfortunately lost its protection. this -- patent protection. sales are falling. guy: we will look at how that opens. let's talk about richemont. 2.5% -- down about 3.5%. what is happening is that the watch unit is weighing on profit . were 208 million euros. sales were 2% below estimates an operating profit rose, the cayman lighter than what an

the initiative is in partnership with a swedish tech company which is now a subsidiary of paypal. it rolled out across london's 32 borougughs, wi m more catitions planned soon. they will be bringing the service to charity organizations and ngo's. , the averagebuskers preset donation is two pounds, which is something like three euros. kind of generous. genie: i wonder if with credit cards people will spend more. thanks for that, bryan. it is now time for our press review. laurent is with me on set to talk about w what has ben mamaking news around the world. lots of focus still on the champions league final saturday, with a lot of focus on the german goalkeeper, whose blunders cost liverpool the game. dheepthika: that is right. tears is making the front pages of the sports papers today. " is what they caption reads. it comes after he essentially cost liverpool three goals in saturday's dramatic final. on sunday, he broke his silence on twitter, saying he was sorry, that he had not slept much since the final, and he essentially begged forgiveness from fans, his teammates, from staff.

the global giants of the digital economy such as facebook amazon google paypal only work with open source they would never give their competitor microsoft access to their information technology by using their software yet utopian states continually surrender to the old monopoly through contracts. in these microsoft and governments come to an agreement on the conditions whereby government institutions may use the software giant's programs. the german ministry of the interior is legally bound to allow inspection of such contracts however the ministry has blackened all the essential parts like prices conditions and security requirements the reason given trade secrets as claimed by microsoft in other words the corporation can decide what the public may learn about its dealings with taxpayers' money. with the framework contracts governments all state institutions from local authority to parliament to obtain software directly from microsoft resellers this is legally questionable because this type of treaty overrides european law. accordingly public authorities are prohibited from buying product

. >> reporter: the congress members met with apple and paypal today. companies that are shown a slight improvements in diversity. waters says it's not enough. >> we have to get tougher. >> it's no longer a request, it's a demand. that to technology reflect america. >> reporter: it is unclear whether the approach will have an impact for young people of color like the ones who we found a few miles away at the hidden genius project. and nonprofit the trains and mentors black boys in technology and entrepreneurship. >> we appreciate the efforts that our political leaders are doing. >> reporter: the program director said the efforts alone will not move the needle. at the end of the day he said it will take commitment and cash. >> when we can have more diversity in tech, we get the resources that some of the big tech company's have. technical assistance and capital assistance and develop ideas that these young people have. they know the solutions to their own problems but they don't have the support. >>> a badly damaged sailboat that ran aground will be pull

paypal this weekend with dan shulman. people are now saying, you know, it has to be stopped it cannot let it take over the world. >> does it need to be like the movie you like all the super heros need to get together. >> avengers infinity >> yeah. on the conference call they talked about how many super heros in there the cost of super heros. >> i didn't mean to -- >> the cost of super heros >> yes quite higher. >> freight is higher, oil is higher, super hero is higher. >> walmart -- carl pointed it out, they're largely domestic even though they've been trying for a long time with mixed results. but they seem to be taking another side at rationalizing a lot of their international at this point actively managing that portfolio. don't forget, they did the deal last week. right. >> that was good deal for them in terms of trying to stem things. >> so, you know, they had a yeah mixed, or it fair. mixed performance international markets. i've been to china a couple of times as they were trying to build that business. doug mcmill

everything is a lab for amazon i have paypal and i know paypal feels strongly if amazon moves the business of retail -- it's unlikely there will be -- amazon given the fact that amazon so often ends up let's say spewing the idea of what people want and we know this from alexa now. if you say, alexa, i want 30 whatever it's liable to be an amazon product. >> right. >> right when independent merchants use the platform, they see some success for a period of time and if they get too successful, amazon simply replaces them by getting its own sourcing on the product they're making. >> right i remember there was a toy company that made it and shared the data with amazon did you see that >> yeah. >> he was so early in the documentary about this. >> too early. >> yeah. that was too early we ran that right now it would be jaw dropping and the president would tweet. >> timing is everything. >> yes truly is. >> can you imagine the president going to town on that stock. >>> one more note on amazon. they're going to amazon go to chicago and san francisco. these check out-free stores where you and the sc

i'm pieg a cheaper company with just as much penetration why not own paypal >> all right i want to switchrs let's not talk about square orbit coin for that matter anymore. let's talk about alibaba, andrew you're favorable, right? you like it. >> yeah, love alibaba. i really do. a lot. >> what is the core of this? it's interesting there are a lot of short sellers who will be against you, the short seller. >> oh, many. >> many. it's an interesting sort of lightning rod stock. so what do you see >> i mean, it's the anti-square. it's a company that has built such a big moat on the biggest dam story in the world, obviously china. it's the tollbooth to the chinese middle class, 500 to 600 million people they have a wonderful platform on which they're building it on. i think if you own albie live b -- alibaba, if you miss it this quarter, next quarter or the next quarter it's lagged amazon i don't know why i guess there has been concerns about a possible trade work, people look at margins but jack ma is a superstar, the investments he snaking with the company and the ecosystem he has built for c

paypal's rating was upgraded to buy from hold at stifel. the analyst cites its addition of new financial services and the global growing payments market. the price target is 99. the shares fell fractionally to $80.96. >>> colgate-palmolive's rating waso raised buy from hold. the analyst cites the potential for g earnings growthen its strong focus on emerging markets. the price target is 2. the shares closed up 2% to s$63.75. >>>till ahead, the area of retail where there is still a lot of growth and where our market monitor says might be a good place to invest. >>> as we have been reporting, data privacy laws went int effect in the european union today. it's considered the biggest change t data privacy in 20 years. the rules give eu citizens moret control oveir personal data. users will be able to know how their data is being used and users can also have their data erased. the financial exact on big tech companies will be minimal, although smaller ones could face more of a challenge with increased regulatory expenses. some american publisher