>> paypal.l made a lot of good points and he knows his space paypal's going higher. >> i'm taking profits in walmart ahead of earnings. a little pop in retail and it's a sold for walmart. >> beakers >> check the oil sector, cop. >> smh and the tip of the spear. >> i'm melissa lee thksoran f watching and see bace "fast. meantime, "mad money" with jim cramer starts now. >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. we're just trying to make you some money my job not just to entertain, but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. everybody is fretting that companies with big business overseas will soon see their

for those of you out there -- >> i think the other name if you can't stomach that is paypal you look at growth the number of users. this is a really interesting story that gets kind of cast out aside because square's performance has been b so phenomenal but paypal has been destroyed. i think it's easy to see this stock going not only through 100, but maybe $110 a share. >> that will mean something has seriously gone wrong with this growth story and the greatest stocks in history weren't that attractive on a traditional valuation measure. it's rare to find something like an apple most stocks start off expensive. continue to make money and at a certain point, they get cheap. because the business is totally wrong. >> it plateaued. >> also deserved a jack dorsey premium for the management >> maybe that's not 100 multiple people >> keep in mind,venmo is paypal when you look at that, that is paypal their subsidiary >> unusual activity with jon and pete is next a new trade on an entertainment stock. surged more than 170% this year. stay tuned for what the options market what is saying about

founderfrom america. resident, peter teal, the paypal founder from america.d citizenship quite co ntroversially after gained new zealand citizenship quite controversially after eight days in the country. thanks for that update from briony. these post bags contain eight years‘ worth of mail which israel had been blocking from being delivered to the west bank. the ten tonnes of letters and parcels had been building up in jordan since 2010. israel has released the mail under a one—time agreement. palestinian postal staff injericho say the mail is likely to take a fortnight to sort and deliver. 48 people have been killed and 67 injured in a bomb explosion at an education centre in the afghan capital, kabul. many of those killed are believed to be teenagers who were getting extra tuition as they prepared for university entrance exams. the taliban has denied involvement. 0ur reporter, shoaib sharifi, has been to the scene of the kabul attack and sent this update. the police say the suicide bomber was on foot and entered through this centre into this very big classr

that's what i'm saying it's not it's pro rubbish a monster and it's anti paypal any of us didn't get back to us in time for the specific allegations made here what is now happening about injunctions and law against protests against this in the. the fracking industry alone plastics i mean any of the they have been gaming the british legal system in order to obtain this injunction and their injunction that they. brought in a secret court hearing where no one was able to go and represent themselves no one was able to put a different point of view they were managed to obtain through the chant so we call the business call the do not specialist in human rights issues it's just one of the reasons why in your sim i believe took the case to the to the chancery division. they convince a judge to effectively give them the most draconian interim injunction in british legal history one of the reasons why it's so draconian is because it's against persons unknown now what that means effectively is it's against everything it's against the whole world these injunctions normally are used for as both t

we fought this battle at paypal.er thiel was adamant we would continue to provide economic and metrics transparency to all of our employees, even after an i.p.o. and the lawyers who were advising the company freaked out. investment bankers actually freaked out, and they all tried to convince peter that nobody ever did this. peter was adamant. as he can be. he was like, we can't run the company if people don't have access to the metrics. we finally compromised on it. we stripped out the last line, which was revenue, and maybe one more line in the spreadsheet, but anybody who could do math could calculate it. that appeased the lawyers. eventually it's hard to preserve transparency if you are a public company. if you want your employees to be effective, you want to be as transparent as possible. obviously social media encourages more transparency. a lot of c.e.o.'s thrive in a transparent world, and they can tweet about their companies, their customer successes. but there are legal constraints. when something goes wrong

. >>> shares of paypal up, and one analyst calling it the world's most popular alternative option.should pay out for paypal stock next. >>> and one city cracking down on the proliferation of e-scooters ahead we'll look at some of the moves the golden state is making that could impact more than a dozen companies. >> these guys are more talented than we were >> cue the video of wilfred and i. >> no helmets, though. very dangerous ♪ play just got serious in the all-new toyota avalon. at fidelity, our online u.s. equity trades are just $4.95. so no matter what you trade, or where you trade, you'll only pay $4.95. fidelity. open an account today. >>> initiating coverage of paypal giving the payment company's service a buy rating, raising its price target on the stock to $100 a share from $75 a share. >> joining us now to discuss is fast money trader guy edami. clearly some strong performance from these names, but we're seeing some of the fights fight back offering similar types of services, whether it's payments or free stock trades >> they can fight back all they want, but these guys,

as you mentioned you have already have paypal. people have venmo people can send cash through apple pay. this is defensive move won't work. guess what, if people wanted to do it they would have done it through other programs already. melissa: good point. david. david: i'm with you. imagine putting it on facebook. how many other people have -- jaidee heated my facebook account. david: wells fargo is in trouble again. the company blaming a computer glitch for accidentally foreclosing on homes of 625 customers. susan li is live in the newsroom with very latest. 400 homes but that involves 625 folks. that's bad business. >> 625 homeowners, 400 eventually forecoasted. they're calling this a miscalculation because the 225 homeowners they were actually owed some eligibility for some relief in some of these loans but because of a computer glitch according to wells fargo, 400 of them eventually had to foreclose. they are setting aside $8 million in order to compensate for these homeowners. if you do the calculations, divide by 625, that is

there is another stock, paypal and i think the way those two stocks reacted to disappointing quartersst down a little bit. they didn't get killed and i don't know why those were in there and i think they showed some resilience and there are things going on fundamentally there that are constructive and the fact that the stock got killed >> every time they keep coming right back and i think the 95 area is a good level >> thanks so much. >> coming up, shake shack sinking in the after hours the company's conference call under way as we speak. we'll tell you one thing you need to know about the quarter that has wall street talking tonight. plus hedge funds getting left out in the cold this season after piling into facebook and out of apple which, of course, has been on fire and we'll tell u o yowhgot hit the hardest. more fast coming up. wrong. your insurance company is gonna raise your rate after the other car got a scratch so small you coulda fixed it with a pen. maybe you should take that pen and use it to sign up with a different insurance company. for drivers with accident forgiveness

it is a customization. >> so will this just be something that i use almost like how retailers use paypal. will this just be a third party software, something that i use to put on my site or in my store. >> sure. >> so i don't actually have to do that much myself. i just have to incorporate it. >> right. that is correct. there is applications that people will do trials with. they're going to figure out where they could put it on to. is it going to be -- an apple or a google or a samsung phone but once they get that down and figure out who is using it and what they will use it for, it will be explosive and just going to go across all of the streams. >> facial recognition is one. >> yes. >> what else. >> there is all kinds of things. the identification with fingerprint is the biggest thing. it is the safest and most secure and coming into the facial recognition and there is other payment industries coming out like bitcoin. one of the unsure things but with new progress, you might see other transitions. and then the question is does paper go away. so these are all of the things factoring in.

pete, you're up first. >> paypal was a couple of weeks ago and i really like paypal it sold off.great opportunity after selling off at these levels. >> karen >> long horn, should be interesting. >> square, it's about services and i've been long this name since before i was a teenager. i'm staying long. >> are you back with us tomorrow >> say it, pete. >> giddy up! >> you know what else is giddy upping >> celgene >> darn right it health care biotech, baby. >> all right that's it for us "mad money" starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain you, but to educate and teach you. so call me at 1-800-743-cnbc, or tweet me @jimcramer. a day like today, a day where the dow dropped 81 points, the s&p lost

peter thiel, the founder of paypal, is one mentioned in this.tells you a lot about the worldview of these people with uber amounts of money. from a new zealand perspective, it's not that surprising really that they've gone down this route. this is a law that already exists in australia. the fa ct already exists in australia. the fact they've introduced it in new zealand is perhaps not unsurprising. these are rich survivalists preparing for an apocalypse, what is going to happen that won't affect the new zealand ? going to happen that won't affect the new zealand? if there was a nuclear apocalypse, all the world would be affected. they think it is sufficiently off the end of the map not to be affected by nuclear war or maybe just donald trump! quite! i think we skipped a story, didn't we? we missed uber. we've talked about them already on this programme but what interests me about this company is it is very a. private companies don't need to tell us how they're doing but they give us updates on how much money they're making —— very open. is it ah

the way with this issue and around sanctions this working group if it plans to try and strong arm paypal in the sanctions there's a danger that relations between america and its allies could actually get worse as a result. absolutely you know this has become the poison pill of the american foreign policy it's not an art form a dollar some of the apollo. and architects of the us sanctions possibly claim because this is the antithesis of peace and harmony relations among nations and it's a tool of american hegemony intended to reign and into submission to their will and that's not going to happen and for years our era any and resistance against america and bullying and using. joining and prodding them to go along with them has proven that so history itself operates against this logic of american sanctions that in the didn't mean it is contrary to international law particularly international humanitarian law was and is opposed by the europeans just as you said with a enactment of the rocking regulation that opposes the second it sanctions on the european firms so i think that america has. a

any of the men drivers i've had, but it is something that crosses your mind wn it will be avai y paypalmazon. a man specifically posed as a driver who attacked women. >>> an anonymous donor saved the day. 10 children,e sommunity is worke some other programs as well. the astros. we'll show you how they did, up next. ♪ ♪ ♪ i put a spell on you ♪ yeah, because you're mine ♪ with chase atms serena can now grab cash on the go, all with the tap of her phone. ♪ stop the things you do no card? no problem. life, lived serena's way. chase, make more of what's yours. the a )s and astros -- meet for old fashioned texas showdown. >>> with first place on the line, the a's had an all showdown. the astros score8-4. >>> the giants hosting the first place arizona diamondbacks. the only runs in the game came in the second inning. that two-run home run by giants rookie steven dugar. the giants beat the diamondbacks 2-0. >>> you may recognize this corvette that got nearly half a this is not a bed. it's a revolution in sleep. the new sleep number 360 smart bed is on sale now, from $899, during sleep number's

just while we were on the desk, so i jumped into those so paypal, another one to keep an eye on.oes it get up through 85? i believe it is. i think this is ready to ramp back up higher >> another third point guys, thanks come back over here. >> copper is town 3% let's get to jackie. >> hey, good afternoon that's right we are watching copper sinking to its lowest level in a week and coming off its worst month since september. ryan, let's start with you is this all about weak china data >> i think some is, but when you look at it, i think a lot is interest rates look at the ten-year futures contract versus copper prices over the last three days, they've been in lock step with each other every tick up within the ten-year has caused bond prices and cop iping to fall why? i think it means there's going to be a slowdown in the housing real market in home building, rebuilding, whatever that's where you have copper coming in. i think those two things continue to move together with each other through the end of the year >> jim, let's talk levels well under three. what's the next stop >> we

and spacex he took on the banking industry with paypal, took on the aerospace with paspacex now he isto create an automotive company, the equivalent of general motors and ford, and it is a difficult hill to climb in common terms, think if the libertarian party managed to find a presidential candidate to beat one of the major democratic or republican candidates, that's the kind of hill that elon is climbing i think he is one guy that can probably do it i for one am not too worried about him. but i share the view he needs a good strong number two and there's probably somebody out there. it is a matter of finding them. >> jim, i am surprised to hear you say that as the saying goes, space is hard auto manufacturing is even harder >> i had my feet in both camps i originally was going into the automotive industry. i left the space industry to start an automotive engineering company, and yeah, automotive is hard, profit margins are lower the vehicles are actually more complicated than a lot of rockets out there, and energetically they're quite different. to build this infrastructure and buil

jerry has a question for you do you like paypal here?hat is your upside target >> yeah, i think paypal actually is pretty interesting. i don't have a target on the stock because i don't own it but it's in the right space and more and more is going this way unfortunately, competition is heating up as well so you need flawless execution i'm not running out to buy it. >>> michael tweets what is your outlook on footlocker headed into earnings with strong back to school, strength in retail, strength in footwear. >> strength in nike. crazy numbers out of nike recently morgan stanley has these guys at an underweight, webb bush has them at an outperform. i like the outperformance because of all the factors you mentioned. >>> finalally, is netflix goingt challenge its old highs? >> i think that it will. everyone looks at it from a valuation perspective. you can't do that with netflix steve and i were just talking about netflix in the break it's a really interesting company. obviously there's going to be story after story about where the growth wi

. >> yeah, paypal. i mean, he's a computer whiz. he's a real immigrant success story. he was born in south africa. moved to canada, and then the u.s. it's a marvelous story for an immigrant to make it this big in this country with space x, paypal, and space x and tesla. and tesla is making slowly, as i said, the automobile manufacturing business, which is a very difficult business to make. it's very impressive. so you start out with a ceo who has his own financial backing and that he's a billionaire. this marks the contrast from other mavericks we reason why tesla seems to be holding its own so far. what are some other reasons? tesla's stock is doing 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? >> it's an electric car. that makes it much different. 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, which we ha

, it made sense for them to split paypal, ebay.ook two or three years to get them to do it. this company, scripts i believe is in danger existentially. i don't see the reason for it. i know it sounds a little arrogant of me to say it but i don't really see -- i've seen companies like this melt away because i don't believe they help the americans on their drug pricing. and in fact, in fact the rebates work against, in the wealth gap. the lower end of the wealth gap gets hurt the most because they don't even get the benefits of the rebates in many cases. so it's a perverse thing. the government has spoken out. trish: i was going to say that's something that become very much part of the president's platform. that drug prices are too high. they need to be rethought and they need to come down and what you're talking about i think in some ways is very similar in that you're saying this company and that industry will really struggle for survival in the new environment between pressure from the feds and pressure from innovation, right, car

>> what do you say, pete >> i like the name and i think it does go to 100 and paypal is a better buy with the valuations and there are comparisons there and paypal makes more sense, i think. >> there is something else that sent square soaring and it is back to 7,000 and there are signs in the market that many bitcoin shorts could be waving the white flag and let's head back to the nyse hey, bob >> always a pleasure to be with you, mrelissa. bitcoin rallied and the cboe bitcoin has had a modest decline in bitcoin short positions the more widely traded cme bitcoins have not. bitcoin has successfully helder in 6,000 several times this year and much of this is much leak a technical bounce and more volume, and even as bitcoin prices have plunged in the last couple of months while trading volumes on the stock markets like coin base, for example, have been relatively flat for a few months and about 11,000 bitcoins a day typical and the futures volumes on the cme have doi doubled from 30,000. a rival at the cboe has been relatively flat at about 5,000 bitcoin equivalents a day and why is thi

facebook, 8%, amazon five, n video, 5, paypal, 4. i could go on, but those are the names i have in front of me indicative of how these stocks have come back >> it's a peace point. the facebook absolutely rattled some chains without question you look at the stocks given the run they've had. microsoft at 28 times, maybe people look at it and say that's an expensive stock and maybe we should take profits. >> it didn't happen and sales force is another name at 60 times forward earnings and that didn't happen. so facebook not withstanding and i don't think my point originally is i don't think tech ever left. >> it's a forward-looking market and you look at the forward p-es and also you look at microsoft and it's not as expensive. you look at the various names and you look at the growth trajectory right now in many of these names. it's really there, scott those are actual growth and those that are focused on the crowd are crushing it right now and because of that, first of all, i never buy anything because it's value >> i think more impres

depending on which service you use, accounts are linked to your bank account and credit or debit card or paypal account. consumer reports recommends you opt for the highest privacy and security settings possible on those apps. adding for instance a pin or ngerprint authentication and don't use peer to peer services to send money to strangers. >> you should ome -- should only pay people that you know. >> and in addition to that, susan said to make sure youyo kp app up to date. hackers are always trying to find some new vnerabilities so make sure that you are using the most recent version available and be careful. >>> and in recent years libraries in our area have been osed because of budget cuts and remodeling and even fires. but the reason behind recent shutdown in our area, this is a lot more surprising. when we come back, we'll show you how snakes -- yes, snakes -- ended up in the stacks. get to the ross shoe event and get the shoes you want...for way less. oh yeah. ross has the top brands at big savings. for the latest styles and trends... at prices that make them even cuter... ...get to the

via paypal and what talking about passing people up for women's liberation. seems victory for anybody sexual assault continued an iconic feminist and seminal writer awaiting for solution yes we need to do something won't waste. i'm not really thought maybe has sound goes head to head with jimmy i can't do anything else on the al-jazeera. hello martin dennis in doha are in these are the top stories here at al-jazeera thousands of people have rallied in central television against israel's controversial nation state law demonstrators say the lord's undemocratic and it marginalizes israel's non-injurious citizens the bill which passed last month officially defined israel as a jewish state and made hebrew the only official language downgrading the sages of arabic stephanie deca was at the protest. march robbery the museum is going ice by israeli policy. for. the move there's. a lot of jews who are saying that they are not the direction. the message is one of unity. we owe it because we don't need this of this and you won't loan off netanyahu that. enough but you e

by the time he was 30, he will bebecome one of ththe cofounderf paypal.ut musk is better known for his other headline-grabbing projects. tesla, spacex, and hyperloop. with tesla, he is building electric cars, a business for which he has come under pressure . the company has spent more than $10 billion without ever making a profit, but that has not stopped musk. he wants to change while distant -- long-distance travel with hyperloop. he wants to send -- his spacexx project is aimed at spending the first -- sending the first people to mars. it seems not even the stars can limit elon musk. ben: china has fired back against new u.s. trade tariffs. it announced additional ones in $16 billion worth of u.s. goods. the announcement came hours after washington said it was imposing new tariffs chinese products. the chinese tariffs will apply to u.s. products like fuel, motorcycles and medical equipment. the u.s. s said it was targeting products like metals, chemicals and electronics. the trump administration slapped tariffs on chinese imports last month, but china

. >> do you paypal? is it safe? "7 on your side's" michael finney has what you can do to protect your information. >>> and this landmark ampex sign is being dismantled tonight. how you can get your hands on one of the letters. >>> i'm meteorologist sandhya patel, it was cool by august standards again, but a rebound is coming. i'll show you the temperature trend coming up. >>> plus, millions and millions of tons of magma discovered underneath a california super the lives of shelter cats that aren't good candidates for adoption. they're gently coaxed to trust humans and to become loving house or yard pets. abc 7 news reporter david louie shows us it takes skill and patience. >> she focuses her attention in a garden a few feet away. it's a community cat garden, a fenced in area which cats call home. these cats moved in last night. sisters in the same litter, and very shy as you can see. >> don't be scared. don't be scared. it's okay. you're a good girl. i know. >> lori will spend the next week or so speaking softly to

to charities and but we we've done the sabbat ten years ago we've done that research working with paypal and the new research that we've done through the let us mention really does get it's it's called values from the work that's been done by others but the majority of people on on the team that developed the please god lines were aboriginal trust on the people from across australia and so many of us had had first hand experience and it's what we've picked up the years in working with people from communities but i think there's a couple of really important things to. share with our listeners and one is that when we talk about research it's not just done by academics and and professional people it's done by bureaucrats who want to go out and find out noble truths from a community it's done by corporates who want to get access to from a product in. you know in communities. and it's just some of the sunscreen behavior where where somebody who's in a pair of positional power if you happen but friends an aboriginal person has a conversation and have people are very generous we will talk to pe

growth and they were high hopes for a certain foreign investment but as the reports from ebay and paypal happy about the pace of progress. the story of flight or below is one shared by many here creating a first regional airline in northern iraq became a dream deferred. the war to purge i sold grounded the airline then a political dispute with the federal government in baghdad brought more delays in june three years after the airline was registered it began flying passengers from erbil to cities in sweden germany and holland to meet flight had to be and how to. make the name of it is well known internationally so people have more curiosity to visit the good just done and it is the safest areas in iraq and the most economically stable. can grow if things are stable construction cranes dot the sky line but there are also shells of buildings scattered throughout the capital of iraq's kurdish region reminders of the grand aspirations of luxury condominiums shopping malls and businesses yet to be fulfilled there are one point four million people working for the government and public sector in

is planning to spend almost two million goal is long training paypal's to respond to him that i can see situations. picks up the story. the u.s. department of homeland security has just approved a grant to create a trauma training program for high schools around the country essentially one point eight million dollars is being offered for those who could create a long term self-sustaining mechanism for the safety of high school students teenagers are being taught how to treat gunshot wounds and deal with dangerous situations in ohio tactical grade pepper spray is being placed around the schools now when a canister is removed alarm will sound alerting the authorities here's how one politician described the pepper spray system trusting police will stop anyone in their tracks. in north dakota the police are asking that high powered rifles be stored on school grounds meanwhile texas is jumping on the bandwagon of giving teachers guns we need our teachers to be armed we you know when you have when you're facing someone who's an active shooter the best way to take that shooter down that is wit

.46.ts were expecting square has almost doubled this year increasing competition from pay paul -- paypalsedys output by selling one of the models. look at how quick the markets are trading. it seems to be a done deal, possibly from traders. china is certainly the one to the tradeding 2% on concerns. president trump considering 25% tariffs. at asia futures, we see it is mixed, up nearly half a percent. >> 12 basis points for japan, that is it for us on daybreak asia. this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show me decorating shows. this is staying connected with xfinity to make moving... simple. easy. awesome. stay connected while you move with the best wifi experience and two-hour appointment windows. click, call or visit a store today. david: where did the name virgin come from? richard: one of the girls laughed and said, are you a virgin at business? david: did she g

government is empty paint poll that's what i'm saying it's not it's pro rob a sure monsters and it's empty paypal any of us didn't get back to us in time for the specific allegations made here what is now happening about injunctions and law against protests against this industry the fracking industry alone plastics i mean any of us. have been gaming the british legal system in order to tying this injunction and their injunction that they. brought in a secret court hearing where no one was able to go and represent. no one was able to put a different point of view they were managed to time through the chance to recall the business call that a not specialist in human rights issue is one of the reasons why in your sim i believe took a case to the to the chancery division. they convince the judge to effectively give them the most draconian interim injunction in british legal history. one of the reasons why it's so true canyon is because it's against persons are not now what that means effectively is it's against everything it's against the whole world these injunctions normally are used for as blood t

cvc -- they day apple pay handled more than a billion transactions in the past quarter, more than paypal>> putting on end to one fall election battle lt the company agreed far per sengtage of their revenue. the city expects to receive about $30 million per year for transit related projects. >>> federal judge temporarily stopping the release for instructions for th3d printed guns. a texas man is behind it. he reached a settlement with the federal government to release the files online. wilson who runs a company called defense distributed says it is about first and second amendment rights. >> i don't think you should have the ability to control access to it or ability to print it on the machine. >> democrats urging to reverse the decision to release the blueprints in the first police. the president said he is speaking with the nra about the issue. >>> new this morning we have an important question for you. when and in which state was key lime created? >> two are fighting it out. the author of brave tart, iconic american desert says the first key lime pie was whipped up in new york city in

, and other things that get like an ebay so if you put ebay, paypal and amazon together you get a muchitable core business with 60% profit margins. that business is what's growing their market and they're just diluting it out with their others three segments. that's a strong business model probably lighter than amazon and probably able to deliver that 350 in 2019. and i think you're going to get trumped out of the way probably in the next two months this year >> what do you do with these stock snz. >> i think you buy them. obviously if you're an investor ten cent had a problem with their video games. if you step back and you look at the growth rate these companies have, 61% is astounding. i mean that's hard for any business to grow at 61% let alone one of the size of alibaba. and if you look at the -- you know, the pe versus the growth rate and look at the top line growth in particular, which is the most organic part of growth, stocks are very compelling and the media, with all due respect, a lot of the precipitate media that i read today said things like if you took out this factor or

completed more total transaction and great companies like square and more mobile transactions than paypal cheryl: he's giving us a little window into the future of apple. we may hold onto our devices a little blogger will still use them and spend money with them. >> exactly right. you see this with other companies that are doing that while at this point of facebook and twitter. they talk about all the users in the platform. when it comes to the iphone, the iphone has a large dedicated base of users and so apple is trying to calm as he said, turning to these iphone owners into people that subscribe to services. cheryl: at the cash register, not an iphone. they did talk about china but they're not willing to publicly comment about it yet. what do you think? >> this is something a lot of people are watching closely. china represent -- is the second-largest market share for apple. this is very huge growth opportunity is. i say we are watching services, but these tariffs will have a huge impact on apple phone. cheryl: will have to watch that for sure. michael, thank you for being here. >> tesl

are we going to be able to greatly change the payment systems outside of paypal, those phenomena in theears? that is tough. emily: so you don't have any crypto holdings? cole: no. i'd rather buy gold, to be honest, but i think even that is stupid, too. emily: giving it to us straight. cole smead, thanks for stopping by. romaine bostick, thank you as always. coming up, didi is having a "delete didi" moment after allegedly murders and sexual assaults by drivers. we will discuss next. this is bloomberg. ♪ emily: china's most popular ride-hailing app in damage control as thousands of users pledge to delete it after a second woman was murdered, allegedly by a driver while using its carpooling service. steve engle has more from hong kong. steve: didi chuxing is taking fire from many fronts. web users, regulators and state media in china, after a female passenger was allegedly murdered while using the didi carpooling service hitch, despite a complaint about the driver froma earlier passenger. this is the second death in three months, after a flight attendant was allegedly murdered in may. thou

what is interesting in includes amazon and paypal. there you have it. the nasdaq is up .8%. we have the the s&p is higher after the fed chair's comments. romaine: we are seeing the big names from the look at the names at the top of the list. the mid-cap players. that welot of players don't normally see at the top of the leaderboard that are helping to lift this market. interesting leadership here. and we are seeing a lot of semi-conductor stocks move higher as well cared vonnie: if we look at the dow, there are only for rent of stocks, three that are lower in the dow. and they are pharmaceuticals interestingly. we saw that express scripts signaling a deal that looks like it will go through because the voters have voted it through. nike is one stock that is lower today. and walmart had a nice bounce this week. romaine: and we are seeing the transport move higher here and the s&p, we're only 10 points high thatthat closing we try to hit on tuesday and missed the mark. yeah, but the markets are looking healthy right now. vonnie: it is unheard when the fed chairman says he sees

i cannot recommend it here i vastly prefer the other part that got spun out, paypal. think that stock still works although they did trimming recently telling club members it has gotten very high even considering its move higher, i still think iac is a buy. it could be a good time to swipe right on this one. more ahead what elizabeth warren and ceos have in common does your portfolio have what it takes to survive any market? i'll be the judge in tonight's edition of the "lightning round" stick with cramer. running a small business is demanding. and that's why small business owners need more. like internet that's up to the challenge. the gig-speed network from comcast business gives you more. with speeds up to 20 times faster than the average. that means powering more devices, more video conferencing, and more downloads in seconds, not minutes. get fast internet and add phone and tv for only $34.90 more per month. comcast is building america's largest gig-speed network to give small businesses more. call 1-800-501-6000 today. aretha franklin but it's not kayak confident

we haven't seen that yet but we're getting very nice tech breakouts, adobe, paypal, visa, microsoft, salesforce, cisco, apple, for example big cap tech breaking out. the last leg of this giant move up that we have seen in the last few weeks is going to come in the next few days. i would estimate about 25% of the s&p 500 is less than 2% from historic highs they are not there yet, so all of a sudden i anticipate in the next few days if this continues we'll see a lot of new highs outside of the tech field. back to you. >> all right, bob, thank you. >>> the u.s. and canada are getting back into trade talks and headlines crossing just moments ago from that deal may be close eamon javers is at the white house with the latest. all right, what are you learning >> reporter: actually in ottawa, canadian prime minister justin trudeau is speaking this hour and we're getting some news out of those remarks, reporters saying that he has said he recognizes there's a possibility of getting there on a nafta deal by friday. that's the date that everyone has been looking forward to in terms of getting t

you'll earcash back and you can cash out with paypal or a check at anytime.ng it's expanding the eastoast. looking for an atm or go-to coffee shop or restaurant, go to i-exit. it tells you what it's near every highway it.et yu don't gtuck looking for a gas station line, only to find something better at the next exit. this next one is for you television food show fans.ap the food maphelps you find food and eateries that's on various shows. indicate how far offcourse you're willing to vente. and want to add a lile adventure to your road trip? the app road trippers can find offbeat attractions, museums, amusement parks and more. the get outside app, they're d.c.-based company and are offering cashback deals at local restaurants and at grocery stores as well.li we have to all of the apps we talked about. go on to our nbc washington app and search travel apps. thank you. >>> living life to the fullest in the final days. a bucket list for a local dog that's gone viral. we'll tell you the best items already checked off for him. >>> glad to seeet he'sng the doughnuts in his twilight.re wide r

paypal up four point 2%, some nice tech strength. vonnie: back to the breaking news, senator john mccain's family is saying the senator will discontinue medical treatment. ago thatbout a year the senator was suffering from a glioblastoma, and aggressive brain tumor and the prognosis was serious. the family has issued a statement saying -- the progress of disease and the inexorable advance of age rendered their verdict. the statement continues and finishes, thank you all. the senator is turning 82 this month and he had been at home in the last two months. let's get to kevin cirilli, our chief washington correspondent. i guess this is the next stage for senator mccain. he had been absent from the senate for the next -- last several months. kevin: senator mccain is largely profile of thee lion in the senate, someone who has cast a large, patriotic shadow over the entire upper chamber. you talk to anyone in washington who has covered him or folks who have worked with him, and his legacy is something that continues to be something that ma

they're on paypal or venmo.re not using the banks own tools to conduct commerce on mobile devices there. is upside for them as well, despite these privacy concerns. connell: timingwise though, if you see a headline as we all did in the journal, a little bit earlier today, saying that facebook wants, is negotiating with big banks to get our information, after everything facebook is into. that is awkward one to put out there, having to try to explain it. if you're facebook from a privacy perspective? >> these conversations sound like they have been going on for about a year. connell: yeah. >> timing is everything and with all the hits facebook has been taking this is certainly awkward time for this to come out but you can see with so much transaction happening on mobile devices and shopping happening, i bought two transactions yesterday on my mobile device to shop, you can see how it is attractive for facebook to be in this position and for banks to potentially get more customers on their sites. connell: would you

transactions apple completed more total transactions than square and more month pill transactions than paypalback to you. >> josh, i wonder if the higher average selling price which everybody is kind of pleased to see, i think, if you own apple stock today, how related is that to selling these iphones on the installment plan seems it's less price sensitive, more likely to go for the more expensive phone if you're paying it by month. >> great point i also -- we did try to get into how cook is thinking about pricing from here, investors, traders, investors, business people want to know how does the iphone 10 pricing impact, cook is thinking about pricing the next generation of devices cook saying we price products based on the value they are providing. of course we think three new models could be coming in september. i think it's interesting, we had a guest on "squawk box" this morning. not so much a bump in pricing for iphone 11, 20% is iphone 10 how many more people can tim cook get to move to those higher pry models in the quarters ahead. >> josh, any kind of hints or signals either in your

emily: looking forward, what do you think about the competition, paypal, venmo, apple pay, some of theess obvious or less discussed competitors? what do you think the biggest threat is? sarah: what i love about our business is it is a cohesive ecosystem. we do not put it to the business to stitch together all the different pieces. instead, we say come on square and we will help you always make the sale, give you a robust point-of-sale system, give you access to capital. we will help you do loyalty. they don't have to think about working with multiple other vendors. similarly, if you think about competitors, you mentioned apple pay. it is not a competitor. apple pay is a form of payment. i can take my card and swipe it. i can use apple pay or samsung pay or android pay. for us, it is how do we make sure the shift continues to work even for the smallest of businesses? we love that shift. contactless payment is safer, faster, and people spend more when they are using a credit card. emily: our conversation with square cfo sarah friar. coming up, how safe is mark zuckerberg? we will take a

you'll earn cash back and you a n cash out with paypal o check at anytime. it's expanding along the east coast. looking for an atm or go-to coffee shop or restaurant, go t- exit. it tells you what it's near every highway exit. yu don't get stu looking for a gas station line, only to find something better at the next exitis this next on for you television food show fans. the food maps app helps you find food and eateries that's on various shows. indicate how far offcourse you're willing to venture. and want to add a little adventure to your road trip? the app road trippfbs can find t attractions, museums, amusement parks and more. the get outside app, they're a d.c.-based company and are offering cashback deals at local restaurants and at grocery stores as well. we have a link to all of the apps we talked about. go on to our nbc washington app and search travel apps. thank you. > if y are beach-bound for the weekend, likely to have storms at the coast the first half of tomorrow. i think saturday will end dry and sunday will be worthhe trip. our check of our l

the internet in the late '90s where you had a series of world-changing companies like amazon and paypalers and then a lot of stuff that kind of went to zero and i think crypto currencies will see a similar trend. >> we'll see where we go from here jon, eli, thanks >>> we'll check out shares of zynga, the video game maker, surging after developing a new "star wars" mobile game. the stocks are up 8% and later, why slack's valuation is now up over 7 billion. we've got a lot more "sqwk le sllo meua welcome to the xfinity store. thanks, janet. it's my happy place. you can learn how to switch to xfinity mobile, a new wireless network that saves you cash. and you can get 5 lines of talk and text included with your internet. and over here i'm having my birthday party. dj fluffernutter, hit it! ♪ dj fluffernutter simple. easy. awesome. ask how to get $300 back when you sign up for xfinity mobile, and purchase a new samsung phone. visit your local xfinity store today. >>> good morning thank you. i look up at the board we're under 60 in a two-year rath err eer big drop for august i'd like to look