paypal and also bevenmo.andling these informal payments like buying a drink, or getting a present for a friend the stuff that used to not get paid back. i've only got a 20, sorry. now, you can bill friends on venmo. it's the enemy of cheap skates everywhere, really. carol: but it is not profitable. >> it's not profitable. it's a common problem. very popular especially with millennials by paypal is trying to figure out how to make money off this thing which was born in this kind of social sphere. they're trying to move it, partners with stores. carol: let us talk about partnerships. this is key. whether you have a visa or mastercard, or the banks out there wanting to process transactions. that's how you make money. what paypal has become smart at is even though they're considered the enemies, they've learned how to partner with them. >> it was a very concerted effort on the part of the current ceo. when he came in, paypal, you know, the default option on paypal, when you go to the page, used to be your bank ac

paypal did not like that but it made credit card companies incredibly angry at paypal.lman decided to forgo some of that profit and starting to play nice with the banks and card networks and it has worked. visa and mastercard for a while were trying to create a paypal killer. now they are not doing that anymore. apple, samsung, the tech companies that have pay options also see paypal as a partner to drive more transactions through their payment platform. carol: a pal you might say. with us now is joel weber. and we just heard from drake bennett, a smart story on paypal and on how you have to work with your enemies to get ahead. >> i love that paypal is still a story. the dream of the 1990's is still alive. the story is one of how paypal escaped the palm pilot and then escaped ebay and then managed to turn all of these foes into friends. jason: it feels like the quintessential "bloomberg businessweek" story with the paypal mafia. monarch in silicon valley born out of paypal. when you think about the big themes this week, china finds its way into so many different feature

when he came in, paypal, you know, the default option on paypal, when you go to the page, used to beount. you could switch it to a credit card but it was confusing and hard which was by design. every time, paypal takes a cut from the merchant of the payment, and when that payment is made to your credit card, a lot of the cut goes back to the credit card companies. so paypal did not like that but the problem is, that made credit card companies incredibly angry at paypal. and shulman decided to forgo some of that profit but start playing nice with the banks and card networks. and it's worked. visa and mastercard for a while were trying to create a paypal killer. now they are not doing that anymore. so apple, samsung, the tech companies that have pay options now also see paypal as a partner as a way to drive more transactions through their payment platforms. carol: a pal, you might say. with us now is the editor of the magazine, joel weber. and we just heard from drake bennett, a smart story on paypal and it's a lesson of how you have to work with your enemies to get ahead. >> i love th

paypal is sinking. deidre is in san francisco with wall street reaction >> melissa, a tale of two payments companies and analysts are focusing in on growth in payments volumes visa saw purchase volume growth of 11% this is a number that lisa ellis called perfect a few other analysts said that visa results were better and reported that the macro picture has held up well for the company. paypal on the other hand disappointed investors with its total payment volume or tpv, even though this number grew at 23% in the quarter paypal is valued higher than visa so expectations are much higher john davis at raymond james says paypal tpv metric is all that matters and the key will be an update on venmo. they are attracting new partners he also said the total number of venmo users that have made a monetizable is 29% venmo payment volumes surpassed ebay volumes so ebay is becoming a smaller and smaller part of the paypal picture venmo and other merchants are picking up the slack, but perhaps not fast enough. >> all

that's john rainey, cfo of paypal thank you so much, john. you. >> thanks a lot, jim >> all right like i said at the top of the show, if it ran into the quarter, and boy did this one ever, you know what? profit-taking. i think that's a pretty darn good story john rainey, cfo of paypal i will stick with it stick with cramer. ♪ >>> maybe it's time to stop focusing so much on faang, the acronym we coined years ago for facebook, amazon, apple, netflix and google even after the terrific runs in apple yesterday and facebook today. these days if you want performance, the cloud kings and their smaller heirs apparent, the cloud princes are where it's at last night's service now report reported a blowout quarter with 30% with growth across the board. this is a cloud software company that automates all sorts of back office stuff so that your employees can spend more time dealing with clients the stocks surged 26 bucks today. perhaps also after the great interview with had with mr. donahoe last night, because that kind of growth is practically unheard of

paypal said file a claim. >> oh, it's easy. you go on to your paypal account and there's a tab there. >> she found no such thing. after weeks of back and forth, she says paypal refused to give her that refund, saying the amount didn't match the purchase price. >> i don't understand. this makes no sense. what about my money? this is my hard earned money, right? and you're telling me it just can't be refunded? >> she contacted 7 on your side. we contacted paypal, and the company sent her this apology letter saying there was a problem with the refund process being used, and we were able to correct the issue. your money was returned. and bashir got it back. >> i am absolutely convinced i would have never seen this money again if 7 on your side had not gotten involved. so i'm just exceedingly grateful. >> now we asked paypal for a statement for this report. the company did not address that refund problem saying only the customer should contact the retailers to get a refund, which of course is what she did. now i want to hear from yo

the banks saying we will crush you, paypal.man said let's stop with the whole paypal killing discussion. maybe we can work together and make paypal a more dominant source. >> basically frenemies. apple and google were greeting their own payment systems -- creating their own payment systems. alix: where you vacation if you are really rich -- >> it is a buyers market. this year is set to be a buyers market. this chart shows what the expectations are versus the price declines in real estate. withof it has to do wealthier investors pulling back because of the stronger dollar. you have bigger, broader macro issues like brexit. >> and then you have micro issues like the developers in 2016 who didn't want to unload their condos. now, they are saying we can't wait any longer. alix: good stuff, guys. thanks to lisa bromwich and abramowiczr -- lisa and carol massar. we will take a look at the biggest risk to earnings. this is bloomberg. ♪ alix: what is the real biggest risk when it comes to earnings? joining me now, gina martin adams. se

changed their mind and spun off paypal.there is a map here for how this could go. i thought it was very compelling the spinoffs really could up lock value i bought some stock today. by the end of the day it wasn't even up that much. i think the risk/reward is actually very compelling we'll see. the letter is not as hostile as it could have been, for sure however, this will not be the last that we hear from elliott if they don't want to make any of these changes we'll see -- i'm unclear whether they can actually get into a proxy fight or not i'm not sure, i'd have to do more work on that, but you have to be concerned if you're the ceo that elliott is calling you. >> back when ebay still had paypal as part of its business, at that time even though it was the target of an activist investor, carl icahn, said no, no, no, we're not going to do it and yet they did and unlocked tremendous value here we are again. >> i feel like this conversation with ebay comes up once every six months i know we had this conversation in october gle

caroline: just to finish off what has been a busy session, we have paypal coming out. four point -- $4.23 billion. earnings per share, 69 cents. that is more than 21% revenue growth that the market was expecting. we are likely to see significant the shares have really performed well. up 10% in 2019. they rose 14% last year. while outperforming the market. looks as though paypal's 2019 guidance is affirmed at the preliminary outlook which have been basically for continued growth in terms of double-digit. we are seeing a market that anticipate 17% growth. bakedt: perhaps that was in somewhat because we see paypal shares off by greater than 3%. hear these results, does it change how you approach your investing rayna? -- right now? yana: it does. i think what is interesting based on what you just read post market reaction is the fact that over the past couple of months, we have had a significant reset and expectations. this is a game of relative. it is not about the number, whether it is better or worse. over the past three months, we need to highlight the fact that the ov

john >> paypal.n upgraded by a host of firms right as all the stuff was hitting in december. now i think they go a lot higher. >> you can buy a new fan buying paypal, the good news. >> morgan stanley. it gets forgotten about when we talk about the various banks it seems like it gets pushed to the side this is a name i own the calls in it might trade down but i think it rises back up eventually. >> i think gorman blows it away. >> thank you very much -- >> where are you going >> nap time. >> why are we wrapping >> "the exchange" with kelly evans begins now. >>> the administration and jamie diamond sounding the alarm on the cost of the shutdown to the economy. we have the numbers. netflix raising prices and the street is cheering big time. the stock is now up more than 50% from its december lows and a debt crisis may be brewing in hollywood, this one could spell trouble for big media as it tries to take onthe streaming giant. we have the numbers. >> it didn't start off that way. it looked like we were

personal apps where we can transmit money, venmo or paypal.t are the likelihood of other options and what is the barrier of entry? >> to get another meaningful energy blockchain going is difficult. furtherwill then adopt growth and accelerate growth of these platforms is when other .ervices can hook on if you can hook on insurance, logistics am inspection services. the key is, you start with the basics, add more markets over time, then you add more services over time. alix: what are the problems you have encountered? >> adoption is the market -- in the market is key. you need the key actors to adopt. you need to deal with legal challenges. you need to move from paperwork and title documents to the equivalent in a digital world which requires contracts. alix: how long until the companies see tangible benefits? >> it should be less than a year away. the reality is that setting up these blockchain's and connecting them to an infrastructure in companies like accounting takes a lot of time. alix: how do we judge these results? at first each of the

joining us now is dan shulman, the ceo of paypal.e you took steps i believe just last friday with a new program called paypal helps to help government workers who are not being paid >> that's correct. first of all, thanks for having me >> dpra >> great to see you. >> last week we decided that we had both the opportunity and i think really the responsibility to step up as the private sector we put aside $25 million into a fund so we could loan up to $500 million in a totally interest-free cash advance they really need our help. >> if this shutdown continues, is this something you would consider expanding >> possibly. possibly i think it's really important that we as ceos really think about our companies as part of the communities we live in i think doing these kinds of things and a lot of people think about purpose and profit as being in different camps i think that's a false duality i think those things our community becomes part of us as well over the long run. >> by the way, what is your expectation for the government shutdown in t

paypal andsted in pinterest, pretty good record. what is your secret? ♪ >> and want to talk about your investing career, when you stepped down as ceo, you became a partner at founders fund and you have been investing for a long time starting with paypal. seen: i have maybe investment as a selfish endeavor in one sense, i love to learn bright, talented founders to give me a new perspective. what i love about it is helping paying it forward. >> you did this on the side. kevin: instead of going to some type of club or playing golf, it was working with young founders and companies. i could pattern match and learn a lot. >> you invested in paypal, youtube, pinterest. kevin: paypal, airbnb, pinterest. >> a good hit record. what is your secret? for, at talented people that look at the world in are soays and impassioned about what they do and have a positive impact on the world. >> you met with 900 companies. kevin: 951 companies. >> wow. that is dedication. kevin: we did not fund most of those companies but what is exciting about this time is the wide variety,

alix: paypal, something along those lines? >> even my bank.i look at today's cfo, you can't do that. companies employ lots of people to say how is your position, it does not link with mine. give me -- can we agree on this number come i need to change that. there is a lot of alignment that needs to go on. this will change if you work with a distributor ledger with one version of the truth that is in a safe and secure environment. alix: for lack of a better term, you are creating a bubble for all the companies to get to work. you have to buy into the same bubble. what was that process like? >> i don't like the word bubble because bubble suggests it is kind of strange or -- i would say the distributor ledger is in its simple form, an excel sheet in the cloud where you muster data. volume, pricing, formulas. any relevant contract terms. where the input comes from the actors on the platform. we were mentioning, personal absolute could transfer money, banks, paypal. what is other options at what is the barrier to entry for that? get anothero meaning

and now paypal >> and some mixed results from paypal and that is hitting the stock which is down moret the moment. beating on the bottom line, earnings per share coming in at 69 cents revenue though falling a little short at $4.23 billion 4.24 is what the street was looking for. but the company maintaining its guidance total payment volume a little light as well, this is a key met twr metr metric and paypal pointing to ebay as the reason it fell short on revenue and total payment volume saying that transactions did not grow this past quarter it was flat. and in fact paypal says that venmo payment volumes surpassed e pay in tbay in the second hal year and so of course being targeted by activist investors. the stock be down likely on the revenue miss, down almost 5% at the moment >> interesting last week on "squawk box," they played down how signature ebay was to their business now. >> appears to be part of the shortfall. let's bring in lisa ellis. laesz, yo lisa, your first take. >> i'll start with visa. what we like about this one is the volume numbers steady at 11%. that is a great m

and paypal and others competing with the likes of visa to be a part of in industry. why do you like this one in particular? >> they're absolutely dominant. they have 60% of the u.sarket and market in europe. you really can't do an online trade without using sa or master card or paypal or one of thoseter t ty're dominant in space. as more people buy online they're going to continue to use apple, use amaze on or visa you can't do a transaction without it. >> well you're definitely going with the brand names in those categories that's for sure. dryden pence with the pence wealth manement thanks for joining us tonight. >> thank you very much bill appreciate being here. >> you bet. >>> and to read more about hiss piou can head to our website at nbr.com. >>> in the meantime, equal crom was in request court. abwering steaks of cell phones andts worldwide is in a the crucial battle with the feral trade commission. qualcomm ised a of a monopoly the global kmipgy techno and as josh lipton reports the stakes are very high. >> reporter: it's a case that strikes at the heart of q

take a look at paypal. it's moving lower right along with it.l banks among the reasons why those small caps today are so strong, getting a lift from those bank earnings. wilf, back over to you. >> bertha, thank you very much for that. >> nordstrom moving lower today, hitting a new 52-week low after getting two downgrades on some news we'll discuss whether retail is in trouble next on "closing bell." [beep] you should be mad your neighbor always wants to hang out. and you should be mad your smart fridge is unnecessarily complicated. but you're not mad, because you have e*trade which isn't complicated. their tools make trading quicker and simpler. so you can take on the markets with confidence. don't get mad. get e*trade and start trading today. this round's on me . hey, can you spot me? come on in! find your place, today, with silver sneakers... included with many medicare plans. call the number on the screen now or visit getsilversneakers.com i am a techie dad.n. i believe the best technology should feel effortless. like magic. at comcast, it's

that we will keep going until these practice is wiped out by giving alternatives to paypal so they don't have to do these kind of things you know. the government says thieves drilled more than twelve thousand illegal taps in the first ten months of last year. those taps often lead to fires and loss of life though last night's tragedy is the deadliest in recent years. well no look at some of the other stories making news around the world. violent protests have erupted in the sudanese capital khartoum police clash with hundreds of mourners following the funeral of a man who was shot during a protest on thursday witnesses say officers fired live ammunition and used tear gas against demonstrators who threw rocks deadly anti-government protests are now in their fifth week. colombia has reactivated arrest warrants against leaders of the leftist guerrilla group and who are living in cuba this comes two days after a deadly car bombing in bogota which left at least twenty one people dead the government blamed the rebels for the blast is said peace talks won't resume unless the group stops its att

gobierno y no hay señal de que habrá pronto, debido esto compañías ofrecer ayuda a las personas, paypal la bahía, y se investiga la iniciativa que podría ayudar a campesinos indocumentados a trabajar en estados unidos. esto y más a las seis. >> (música). que tal le saluda lorena dominguez ... >> (música). >> este es su noticiero telemundo48, a las seis. >> le saluda lorena domínguez. >> gracias por su sintonía. >> maestros de oakland se manifestaron al solicitar 12% de incremento en su salario. >> sandra bermúdez nos explica. >> lo que nos dijo el vocero del distrito escolar es que las negociaciones de un nuevo contrato no se puedeparticipar en estos movimientos, es probable que les descuenten el día. >> llegaron desde temprano al distrito escolar pero no a trabajar sino para empezar una marcha anti distrito escolar. los maestros piden un contrato con un aumento del 12% salarial. >> exigimos mejor paga, se van a otras escuelas en otras ciudades donde pagan mejor. >> los profesores son los que ganan menos en el condado alameda. >> (gritos >> pero tienen clases más pequeñas. >> tengo de 3

but saying that since the split paypal in 2015 and investors are losing patience. going to at is it take, what point does elliott lookore proactive, will it for board seats or replacements? too early to say on that, we'll watch what happens ith how receptive ebay manage cemetery to this. again, you do kind of feel like have seen this movie before. there are activists, about ebay tating spliting from paypal and ultimately did prevail and the split.mpanies now ebay is once again, being a problem with investors that are with how ebay is performing in the shadow of more and seeing some pressure to speed things along. whether it will go more more atively or aggressively like it did in remains al situation, to be seen. vonnie: elliott owns 4% now and -- building up a position, there has been what is up a position. to say this is not activist, you now, return money to shareholders, cut costs and get rid of some of the assets? yeah, that certainly could be the case and they want to see value created in any and that could be, you know, selling stubhub and and ng classified

about i bought apple this morning i sold out >> everybody wants out >> sold out of nike and some paypal sold out of walmart. there's nothing wrong in this environment in being somewhat active. making a risk management strategy call. >> can i echo what he's saying i bought some stocks too i'm not entirely negative. my cash position is still 23%, which is high. >> did you say roku? >> bought that yesterday we can talk about it later >> why that one? >> i sold this little baby it's a gem at 59 in august i bought it yesterday at 38.52 that's about a 35% off sale. if you look at numbers they are putting up -- he's got to be careful about what he's saying those plans are designed to not signal the market about anything they were negative when an insider sells. >> there's no e to measure it on it's bit far field however, if you look at the revenue, the users, all of these things are growing at double digits >> if you -- this is one of those high flying stocks that got knocked down to earth. if you think there's going to be a fair amount of volatility in the market, i'm surprised that this is t

affected by the government shutdown will be receiving some extra help from online payment giant - paypal the company plans to offer up to 500 dollars in cash advances to federal employees to help pay for food, gas and other everyday necessities. banks and credit unions that cater to federal workers are already getting ready to help their customers as the shutdown drags on. paypal's c-e-o says the company is "proud to stand with so many other great companies to offer assistance to our government workers who contribute so much to our public sector." (pam) people came from all over the country today ..to honor the life of a young officer - taken far too soon.(ken) today davis police officer natalie corona was honored... and laid to rest... as thousands looked on. our grant lodes is here with what the fallen officer's family members told the crowd. (grant) the davis police chief telling corona's family: i'm so sorry we did not get her back home. it was standing room only at the u-c davis pavillion. officers there to honor natalie corona from as far away as new york and boston. billy ray cyru

paypal's c-e-o says the company is "proud to stand with so many other great companies to offer assistance to our government workers who contribute so much to our public sector." shower chances will continue across the north bay on friday and saturday as the storm track shifts north. a weak boundary will move into the sf bay on saturday morning, bringing a chance of showers for parts of the bay area. dry conditions are anticipated from san jose and points south through saturday. more widespread light rain is forecast for sunday as a pacific storm system moves through the area, bringing along with it the potential for more strong winds. dry and mild weather is expected to develop later on monday and continue through the remainder of next week. (catherine) time now to talk some warriors-- and boogie time has finally arrived. (grant) the back to back champs are embarking on another historic feat tonight... adding another all-star into their lineup with the return of demarcus cousins. sports director mark carpenter joins us now with more on his long-awaited comeback. mark? the warriors always

i'm going to throw in paypal but mastercard is the blowout. >> that's a good indicator of how peopler sentiment. >> the guy is a power house. >> from mastercard. >> he's fantastic. >> the ceo. >> was he in the running for the intel job? >> not as far as i'm aware. >> how about somebody from general mills? >> i don't think so. >> lisa sue, congratulations >> you are just -- i don't even know where you're going with that. >> where am i going? i'm going with a guy who told me he didn't want the job got the job. david! if elected, he will not serve. nope >> that's the opening bell the big board. the president has been active on president talking about china negotiators. we expect an oval meeting around 3:30, maybe a read out after the market closes. some worry you get the dow back above 25 k, he gets a little more recalcitrant when it comes to trade. >> he does i had the ceo of new core on the other day and he was talking about the sheer huge number of jobs that he is creating himself at the best run steel company pause of t because of the tariffs intellectual property stolen like there'

paypal is also falling, this down around 4%, after they missed revenue. analysts being bullish on that stock, saying they like the growth in the payment sector at paypal. u.s. is still is down 1.5% -- u.s. steel is down 1.5%. david: thank you. we just got past one government shutdown, are we heading for another? that is next. this is bloomberg. ♪ david: this is "balance of power." i'm david westin. mark: president trump says he will meet with xi jinping in the near future to discuss trade. he says there will not be a trade deal until the two of them discuss more difficult points. high-level trade talks between the two countries resumed today in washington and so far there has been little indication that china will give into u.s. demands. the european union has targeted ananks in an -- 8 banks in investigation of collusion. they did not name the banks, they are suspected of trading euro government bonds. last week, the eu with after other banks in sovereign bond trading. afghan security forces are shrinking and gaps in security are growing. in a report tod

. >>> more details now bay area company paypal says it will help workers effected by the shutdown. they are offering $500 cash advances to people struggling. they are offering interest free loans. it will last until the government reopens. they are committing $25 m> a d aan and e. wiring may have been linked to major fires there 2017 andmisma violate terms in a probation settlement tie explosion. pg and e expanding pla bankrupt. >>> also this morning growing concern about long-term housing for hundreds of fire victims. about 600 people are still being sheltered. >>> coming up a shock k claim by president trump of his former fixer there saying that the president directed him to lie to congress about negotiations with russia. >>> and who is to blame? the 49ers are pointing fingers ability why levi's stadium is losing so much money. hear from both sides. we want to take you back to davis. fallen officer natalie corona being honored. a new bombshell report is out from buzzfeed this morning ... about the mueller a new bombshell report is out from buzzfeed this morning ... about the muel

year when e-commerce is growing 15%, so something has to be done, and as we saw back in 2015 when paypalf, it created a ton of shareholder value now, both stub hub and classified are not nearly the size of paypal, but there is definitely some value to be extracted there. in terms of trends, you know, at least within the internet and digital media space, we don't really have that many ebay like portfolio companies with a ton of really valuable assets so i don't necessarily think this is the beginning of a trend, at least in this particular subsegment of the technology. >> gentlemen, thanks for joining us today >> thank you >> thank you >>> still to come on "squawk alley" today, microsoft chairman john thompson sits down with us on the $3 billion startup he's backing ahead of a potential ipo. >>> first, watch the major ampleampl averages, sf&p has gone red. we're up 66 points, back in a minute so grant met his insurance: you are caller number 12. which didn't quite cover the steinway. but what if he'd met pure insurance? owned by members. he'd have met: lisa, your member advocate. who'd in

. >> joe in kentucky has a question for joe he wants to know what a good entry point is for paypal. > to have a process. what i have been doing with paypal is i've been buying it at the lower end of the range which is 75ish and selling it here around 90 to 95. it's been in a range between 70 to 95 over the last 18 months. gets above 95, break through the ceiling and develop a new range higher pete and john have had a lot of call activity. the potential is there i believe you play it from the longside up here in the 90 to 95 level, i'm out of the name. >> okay. >> can i take this. >> oil is falling. the energy trade is next on halftime first, to kelly evans with what is coming up on the exchange. >> thank you it's day 27 in the government shutdown we're still not getting a lot of key government data. a look how to gauge the health of the economy whether he you're in the dark. plus tim cook's privacy plea he's turning to the government for help what would that look like? we'll get into that. >>> and rising risks potential for what's being called a climate foreclosure crisis more and mor

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. >>> paypal says it will offer interest-free cash advances up to $500 to all affected federal employees. the san jose-based company says it will make up to $25 million in cash advances available to any existing or new paypal credit customers. >>> the san francisco zoo will let federal workers in for free. they just need to present some identification to take advantage of the offer. the free admission deal is good for the duration of the shutdown. >>> we'll have coverage of the president's announcement later today. download the abc 7 news app to find out what he says. we'll also send out a breaking news push alert. >>> 2017, 2018, 2019. today is the third year of the women's march which started the day after president trump was sworn into office. several events are planned here in the bay area which are expected to draw thousands of people. we put together a video if you're participating or trying to avoid the crowds. just search women's march on abc7news.com. >>> hundreds of oakland teachers walked out yesterday demanding smaller class sizes and better wages. while it's not an official

the ecommerce and digital age and are offering more and more bank-like services for instance, both paypalnd square offer small business loans and have their own debit cards. square recently made another bid for a banking license. first data has massively underperformed its payments peers over the last year from a valuation point of view, fiserv may have been able to justify that nearly 30% premium to its shareholders. guys >> deirdre, thanks amazing, square's market cap less than a billion under fiserv, and it's doing a deal that big deirdre dbosa, thanks >>> still to come, shares of s.n.a.p. down dramatically following the resignation of its chief financial officer and an ensuing downgrade over at rbc. we'll discuss where the stock goes from here >>> but first, former jcpenney ceo and former head of apple retail, ron johnson, the first head of apple retail he sdoits wn with us right here at post nine big show "squawk alley" continues after a quick break. with a cockpit fit for aspaceship. hang on. radar that senses things the human eye can't. busted. and the ability to make a thousand de

i met with the coo of paypal who said that's a huge issue. half the world can't afford to bank.e unbanked. if you're locked out of the financial system, how can you possibly rise up. so smaller companies like a paypal if you compare them to big traditional banks are trying to figure out how do we reach all of those forgotten people whether it's in emerging countries or the developed world to try to get them to tap into entrepreneurship and really just moving up. take a look. >> so the bakes of how we would manage and move our money which would be through a bank account, through debit cards, through digital. >> you have to have money to do that. >> what many people may not consider a lot of money would be a lot of money to more than half the people in the world. they may not have access to those things. if you couple that with the future opportunities in the digital economy having access to financial services is a prerequisite to participating that economy, you will have a broadening gap between those sort of benefiting from the digital economy versus those on the outside looking

paypal's c-e-o says the company is "proud to stand with so many other great companies to offer assistancevernment workers who contribute so much to our public sector." (2-shot/ken) among those furloughed workers are hundreds ofscientists and other employees of the nasa ames research park in mountain view.(pam) kron four's rob fladboe was there .... as many of those same workers vented their frustrations in a protest march and rally. nats (workers rally)locked out of their jobs here at the nasa ames research park in mountain view, furloughed nasa ames employees staged a protest rally outside the main gate on friday. they just want to go back to work says union rep jonas dino.jonas dino/furloughed nasa ames employeein danger of losing their second paycheck next week, the furloughed scientists and other employees spent the morning at a nearby motel where their union wrote hundred dollar checks for grocery money. but that wont help with the mortgage says suzanne meyer.suzanne meyer/furloughed nasa ames employeesome workers are said to be looking for work elsewhere while others have already mo

>> but there are companies that are helping out, and that includes paypal, the popular payment app said today employees who use paypal credit will be able to avail an advance of up to $500 each without having to pay any interest. the program will last until the government re-opens and employees receive their first paychecks. delta airlines announced it is contributing more than $83,000 to re-open the martin luther king national historic park ahead of monday's national holiday honoring the slain civil rights leader. it will remain open until at least super bowl sunday. george w. bush and his wife, the former first lady delivered pizzas to the members of the secret service today. they called for an end to the shutdown. with midnight here on the east coast, a few seconds from now >>> good evening from new york. "buzzfeed"'s blockbuster report that the president of the united states elected michael con to lie to congress about negotiations to bailed trump tower moscow, siting two law enforcement sources familiar with the investigation. they report trump also planned to visit with russia dur

. >>> paypal says it will offer interest-free cash advances up to $500 to all affected federal employees. the san jose-based company says it will make up to $25 million in cash advances available to existing or paypal customers. >>> the san jose zoo will let federal workers in for free. they just need to present some identification to take advantage of the offer. the free admission deal is good for the duration of the shutdown. >>> we'll have coverage of the president's announcement later today. download the abc 7 news app to see what he says. we'll also send out a breaking news alert. >>> 2017, 2018, 2019. today this the sitter year of the -- third year of the women's march. several events are planned here in the bay area which are expected to have thousands of people. we put together a video if you're participating or trying to avoid the crowds. just search women's march on abc7news.com. >>> hundreds of oakland teachers walked out yesterday demanding smaller class sizes and better wages. while it's not an official strike, the group was hoping that the action would draw the attention of

. >>> paypal says it will offer interest-free cash advances up to $500 to all affected federal employees. the san jose-based company says it will make up to $25 million in cash advances available to any existing or new paypal credit customers. >>> 8:04 is the time. >>> the san francisco zoo will let federal workers in for free. they just need to present some identification to take advantage of the offer. the free admission deal is good for the duration of the shutdown. >>> we'll have coverage of the president's announcement later today. download the abc 7 news app to find out what he says. we'll also send out a breaking news push alert. >>> 2017, 2018, 2019. today is the third year of the women's march which started the day after president trump was sworn into office. several events are planned here in the bay area which are expected to draw thousands of people. we put together a video if you're participating or trying to avoid the crowds. just search women's march on abc7news.com. >>> hundreds of oakland teachers walked out yesterday demanding smaller class sizes and better wages. while

alix: like venmo or paypal. something along those lines? anthony: but even on my bank app.ay's ceo, you cannot do that. companies employ a lot of people to say, how is your position? it doesn't link with mine. can we agree on this number, i need to change that. there is a lot of alignment that needs to go on, and this will change if you work with, let's say, a distributed ledger, with one version of the truth in a safe and secure environment. alix: basically, for lack of a better term, you are creating a bubble where these companies get to work, but they have to all buy into the same bubble. what was the process like? anthony: i don't like the word bubble, because that suggests it is kind of something strange -- alix: circle? y: i would say they distributed -- distributed ledger, in its simple form, an excel sheet in the cloud, pricing, formulas, any relevant contract terms, the input comes from the actors on the platform. alix: as you mentioned, personal apps. what is the likelihood of other options and what is the barrier to entry for that? anthony: i think to get another

. >> that's twice tonight. >> that we've gotten in your head. >> paypal is correct if you look at thehat stock has seen into earnings, maybe that's a better play. >> you just said about to make a new all-time high. we talked about work day and xilinx i don't think you can discount stories like that in this sort of market where so many stocks are below their 200-day moving average. what i'm saying is you look for prior breakout levels and that's where you buy these stocks when you get them you don't buy xilinx on a day like today, but you do whenever guy does a pass pitch -- >> fast pitch. >>> next week is the busiest week for earnings and it could be make or break for one dow stock. there's jim talking to uri, united rentals, after that stock soared today karen was just talking about them catch that interview at the top of the hour. me're live at the nasdaq in tis square much more "fast money" right after this everyone, look at your phones. the design thinking, the digital engineering, security, blockchain, and we will be first to market! yes. when we do we launch? unfortunately, in 2

that the problem will probably persist in the months ahead, that stock down by 2.1% this morning paypal'sue missing forecast because of weakness from its former parent company ebay pais peypal says the transactio volume from venmo has exceeded volume from ebay paypal shares down 3.7%. i thought ebay had better than expected numbers and there was strength in that fourth quarter. how does thaw translate into weakness at paypal >> i think ebay, the move has been because of the activists so that's why the -- their core business is what's been underperforming and it's been -- >> so the actual transactions on paypal >> yes. >> all right again, that stock down by 3.7% >>> visa's fourth-quarter profit beating estimates. the network promised more transactions on the back of strong consumer spending during the holiday season that stock is down 1.8%. >>> let's get reaction to ge's latest results joining us now, the chief investment officer at harbored a visesory every time you're on we talk about whether there's rebuilding and positive signs in what is usually a depressing performance. are their the

with venezuela and the midst of political upheaval the country's president has sent a warning to his paypal nicolas maduro says they shouldn't trust the fake version of events in the country that the united states is trying to promote he even went further threatening the u.s. with a. second vietnam like war. on the point in battle since they cannot fake venezuela and madeira having weapons of mass destruction to intervene against us they now make up lies on a daily basis and false news to justify aggression against our country politically but let's not allow another war like vietnam in latin america if the government of the united states intends to intervene against us they will have another vietnam worse than you can imagine. with unrest building the country's been hit by a wave of anti-government rallies president trump describes them as a fight for freedom while the u.s. secretary of state urged the venezuelan military to take the side of the opposition . with three both with both sides of my full support of the military journalist norristown koch reports from caracas. where currently in

paypal. eileen cronan was one of several follow the my babies born in cincinnati where an american drug company richardson merrill had their headquarters like the german drug company merrill promoted the drug as completely safe even during pregnancy like green and merrill had no evidence to back this up. merrill applied to the federal drug administration in one nine hundred sixty for approval to bring zelda might onto the american market and was allowed to conduct clinical trials on patients across the country now it wasn't a clue clinical trial at all what it was was a marketing campaign trumped up to look like a clinical trial michael magazine it is an australian lawyer and former investigative reporter who spent years researching these a lot of my disaster what merrill wanted to do was to familiarize doctors with a drug so that once they got approval they would have doctors all ready to go through with the drugs ready to prescribe it like crazy. during this time richards and merrill handed

amazon, apple, google, and paypal are part of the growing list of companies making these next-generation payments possible.the federal trade commission is considering imposing a "record-setting fine" against facebook for allegedly failing to protect users' data.the washington post originally reported that the fine is expected to be in excess of the $22.5 million fine imposed on google in 2012. specifically, the ftc wants to know if facebook violated an agreement it signed in 2011 promising to get permission from users before sharing data. live from the nasdaq marketsite, i'm jane kinto you ( darya ) thanks jane ( james ) coming up on the kron-4 morning news... more talks as pg&e prepares for bankruptcy today... but it's going to be met with protest. ( james ) and... an out of this world experience that'll have you relaxing in style. we'll explain after the break. and here's a live look outside... bay bridge it's like a friday night, where you made plans, but you and your bff change into sweats and finish the whole series instead. new two good greek lowfat yogurt. slow-strained down to 2

be users but to be all participants and have a say on how systems govern our lives right but like paypal are easily easily manipulated when you give them a little love in the form of a like button in l.a. can get a mass of people to do anything they if they can get them to approve an invasion of a country in. get them to incarcerate themselves to get them to become obese and smoke cigarettes people are stupid on math right so i mean when you give technological platforms the ability to incentivize stupidity you're going to end up with what we have today i don't see any i mean we've we've kind of hit peak humanity right i mean we've gone past the looking glass humanity peaked right jeremy. yes well your money deal in the sense of the human some planet earth but i think that there are human he has a sense a few humanity should never be in our hearts and i think that the we should keep an eye at least to making things fair you and i could see what you say are a great example was for instance pocket mungo maybe someone still remembers it when he had to go ok mom go create and i gave money and