paypal is not adding this to its wallet. concern you that it means more people will spend more than they should right now? so, because ihink think the way we are doing this is that we're assuring somebody has the wherewithal to go and do these kinds of purchases. just like we do today in any of our credit offerings on paypal. this is a response ability we take quite seriously. one of the things we do, emily, that is very different than others is we use our own proprietary modeling to look at this. fico people look at just scores. we look at a lot of her own modeling, the history consumers and merchants have, and base credit conditions on that. i think i now, pay late gives consumers a ton of flex ability. i love our value proposition on that. we can offer that to merchants without additional fees and give consumers flex ability to pay interest-free payments which i think should be helpful for consumers in this holiday shopping time. taylor: you and i last spoke when paypal went public and spun off from ebay. emily: it has be

>> paypal. >> paypal. yeah yes. huge difference. both great business. don't want to disparage paypal a. wonderful business. but we do think, again, valuation, goldman sachs, is trading at less than book. trading at nine times earnings paypal is a stock that a lot of people already love. goldman sachs is an unloved opportunity. >> mark, how do you see paypal it really has been one of the seemingly beneficiaries of the move to on line everything, including online payments since the pandemic it was winning before that as well is it still worth buying at these levels >> i think one has to be careful about buying i would be a buyer on dips if i was an owner of it i would probably be reluctant to part with it. obviously the movement towards e retailing and e-commerce is not going to fade. it's not it was created in an environment in which we had covid-19 this was something that was only accelerated by the pandemic and sheltering in place. so i believe all the things in and around the e-commerce space which is benefitting from what had been a very strong consu

and first action on paypal the call is under way. en'll break down the numbers wh "fast money" returns. change is all around us. shaped by technology and human ingenuity, we can make it work for you and your business. ♪ as business moves forward, we're all changing the way things get done. like how we redefine collaboration... how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected. ♪ you can go your own way ♪ go your own way your wireless. your rules. only xfinity mobile lets you choose shared data, unlimited or a mix of each. and switch anytime so you only pay for the data you need. switch and save hundreds on your wireless bill. plus, get $300 off when you buy the samsung galaxy note20 ultra 5g. learn more at your local xfinity store today. >>> welcome back to "fast money", check out shares of paypal sinkings after latest earnings report. kate with the numbers

paypal has over 300 million. so i think that they can instantly create a new revenue stream i think one of the early days of bitcoin add block chain so i think it's a catalyst that over thene next year that's going tog to their bottom line we want to own it and that gives it the ability for multiple expansion. more and more people are wanting to have their money sit at a square or paypal and i think the bitcoin gives paypal more of a tail wind. we like both >> degas, give me something quick on paypal. >> paypal is the direct the market is going to what i'd like to say about the money center banks, think about brick and mortar banks who goes to them now i agree with bryn, the movement is towards the paypals, master card, payment systems like that. that's where the market's going. >> we'll take a quick break and come back. we have a bullish call in an industrial stock it struggled this year it has seen a surge, though, of late 35% in the last month we'll debate it next in our call of the day so get the 5g america's

paypal is allowing you to buy, sell and hold cryptocurrency, but paypal has decided to not include ripple'sat is your response to that? been a topic of a lot of speculation as to how the u.s. environment would look at the currency. a lot of foreign regulators across the world have looked at and been decisive about looking at it as a virtual currency. in the u.s., you have not had that same clarity. without that clarity, you have companies like paypal and others who are supporting bitcoin. because it has that clarity. i am a bull on bitcoin. i also think we need to acknowledge that when bitcoin is more than 50% of the mining in china, china can control those technologies. we in the u.s. need to get in sync with other major economies across the world as to how we look at an asset like xrp it treated current -- entry similarly -- and treat it similarly. think the chinese commonest party is being very strategic and is very focused on dominating this technology. i worry this will be the next 5g race. we lost that race. we are in danger of repeating that mistake again in the battle for what i thi

take a look when paypal launched the krip toi cryptocurrency, th implies within weeks paypal users areuying up about 70% of new bitcoin coming on to the market they estimate that square had already been buying up more than 40% of new bitcoin jack dorsey's company launched bitcoin trading two years ago and this year square went a step further and adding $50 million worth of bitcoin to the balance sheet. this surge in demand for the mayors may be one of the factors adding to bitcoin's rally. but offering trading on more mainstream apps, they've been able to take some of the friction out of buying analysts point to more interest from institutional investors who are a bit more comfortable with the asset class than they were three years ago. that has been helped by paul do you thinker jones and bill miller touting it as inflation hedge. jon, back to you. >> great look, kate. i still don't understand what makes bitcoin go up and down so dangerous territory for me. all right. coming up, with online shopping set to surge this holiday season, there are challenges facing companies when it comes

paypal partnered with paxos.skyrocketed according to crypto hedge fund pantera capital, within weeks paypal users are buying up 70% of new bitcoin coming on to the market they estimate square had already been buying up more than 40% of new bitcoin. jack dorsey's company launched bitcoin trading a couple years ago and this year said it was adding 50 million worth of bitcoin to square's balance sheet. the demand may be one of the factors adding to the rally by offering trading these main street apps are able to take some of the friction out of buying. >> but a couple of years ago we still had all retail buying. >> right, right. so it's now new retail buyers that are already on paypal and square, for example. you also have institutional buyers so it seems like the cohort of buyers is changing slightly, you have jones and other more established investors giving some of those people a little built more cover to invest i wonder how they're buying we'll have to ask them, are they also using paypal and square i suspect t

. >>> paypal is now going to let users in the u.s. buy, sell and hold cryptocurrency such as bit coin right from their account. the company announced last month the new feature was on its way and had done a limited rollout. paypal is offering initial support for bitcoin, bitcoin cash and life point. it will expand the feature to venmo and let people use it in their paypal wallet. marcus and laura, it's tough to use bitcoin or currencies to shop. this could open up a whole new avenue. >> i'm still weird about it. i don't know. >> i use venmo quite a bit to pay babysitters. i think marcus and i should venmo bertha so she and her husband can go to dinner out tonight. or actually it can be delivered in. >> yes. >> i got in trouble for that comment yesterday because one of my husband's friends actually saw the clip and figured, oh, no one is watching in the bay area. it got back to him. >> see, you never know who is watching. you are queen bertha. >> this is "today in the bay," exactly. >> well, and he is a prince because he always volunte

of paypal. good morning good to see you. good good morning. good to see you as well. >> now how is google shopping positioned for the holiday season what are you expecting or hoping for in terms of sales and growth >> well, you know, as everyone has seen there's been an explosion in the e-commerce this year and what we've been working to do is make sure that consumers combine all the things they're looking for when they come to google, whether that is at a large retailer, large e-commerce player, all the way down to small businesses so some things from us this year are really focused on. that you saw us earlier this year back in april open free shopping listings so that retailers can make all of the inventory available on google. not only is there the large lift in e-commerce, we're finding much more the things they're looking for from much broader side when they come to google compared to the pay only offering 50% lift in clicks from consumers. consumers are finding much more things they're looking for and now the sellers can make all of the

paypal's going higher. this is going to be before this era is over one of the top three financial services companies in america by market cap and it's actually in the wrong category they think it's a software company. but it's already bigger than goldman sachs. $200 million market cap, doing transactions all day every day, whether it's e-commerce or venmo, peer to peer. they launch any service they want at this point they have a massive subscriber base, audience, whatever you want to call it. paypal is exactly the kind of stock that works no matter what congress does, no matter what biden does in terms of stimulus or whatever. so like these are the types of things that i think people should be focused on, not like what stocks just had a knee-jerk re, a to reaction to an election. >> you bought more alibaba, my facebook, more pfizer, kevin talk to us >> you got a gift. had you a chance to trade this, you got the discount on baba, which is a good gift and talking about financial services, that thing is going

emily: paypal is now allowing you to buy, sell, and hold cryptocurrency, which kicked off the big runt they have not included ripple's xrp. >> xrp has been a topic of a lot of speculative age -- speculation, as having a lot to look at at the currency, which is separate from ripple the company. a lot of foreign regulators across the world have looked at and been decisive at looking at xrp as a digital currency. in the u.s., you have not had the same clarity. it was out of that clarity that you had companies like paypal, square, and others supporting bitcoin. because it has that clarity. i ownbull on bitcoin, bitcoin, but i think we need to acknowledge when bitcoin is more than 50% of the mining in china, china can control those technologies. i think we in the u.s. really need to get in sync with other major economies across the world in how we look at an asset like xrp and treat it similarly. emily: how concerned are you china, given their support of it, somehow starts to dominate the market and gives the country an advantage? chinese communist party is being very strategic and is focu

. >> portions of "jimmy kimmel live" are brought to you by paypal.nmo apps to shop safe with q-r codes at cvs. this is panera's new chef claes. chef claes insists on fresh clean ingredients. the richest cheeses and a mouth-watering sauce. so when chef claes makes a pizza, he doesn't just make a pizza. he makes a masterpiece. taste our delicious new flatbread pizzas today. panera. ♪ ♪ ♪ acqua di giÒ profondo the new intensity giorgio armani. at macy's. the fragrance destination. the new intensity giorgio armani. ow! so, you think santa will like these red and green m&m's? i don't know! i never met the guy! whaaaaa! he does exist! they do exist! uhm... santa? there's no bad time to start at amazon... ♪ i like the flexibility. it also allows for picking up shifts. safety comes first, speed comes second. safety. safety. safety. we're making sure that somebody is getting their very important items. it makes me very happy. ♪ >>> i changed my mind. >> i begged them to let you stay here. >> well, nobody asked you to. not a charity case. >> why am i here, mom

because of paypal, we'll explain.e next state to relock down its population we'll ask the governor coming up ♪ everyone wakes up every morning to a world that must keep turning. moving. going. the world can't stop, so neither can we. because the things we make, help make the world go round. we are builders, constantly creating things that make our world cleaner, healthier, and more connected. so that the small moments that help define who we are, and the big plans that make life wonderful can keep on rolling. because while gravity may keep our planet on its axis, it's what we build that keeps things moving forward. so with every turn, we'll keep building a world that works. so with every turn, ♪ ♪ adapting. innovating. lsetting the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward

on the demand-side, we have statistics that estimate paypal's demand., there are so many new institutional investors. you featured some of the most famous global macro investors recently investing in bitcoin. you bring in all of the other institutional investors. buy a very finite number of tokens. taylor: does that legitimize it, the institutional investors? dan: i think it does. in the early days of bitcoin, it was kind of edgy. kind of hard to bring to your investment committee. now we have great custodians, a lot of good management firms. easier tot so much bring it to any investment committee. curious how you see it as a real store of value like a replacement for gold, versus a real currency? dan: that is a question people love to ask. the way i think about it, it is basically the miracle whip of finance. it is well stored, payment, currency. it can do property titles on the blockchain. latched onto one versus the other. it is doing a great job versus digital gold. the gold market will happen over decades. payments, smart contracts. the important t

software, you have the likes of paypal, godaddy.com.nning all of this as it relates to the election is strategists and policy officials on both sides who feel that college-educated, medium income workers and their families are not going to be voting republican or for president in this election. an area of focus for both parties. the democrats made progress in chandler and broadly in arizona in the 2018 midterm. even in the case of registered republicans and college-educated women, they are seeing signs that those types of voters are breaking with the president and the republican party, and moving towards democrats. almost 50% of the workforce holds a bachelor degree or higher and that is an area of focus from both parties. that the republicans do not feel they can pull back those voters over the next 36 hours and the democrats feel they have made real progress this election cycle. 100 million people have cast ballots early. talk to us about arizona's early voting system and the processes there. ed: yeah, so arizona is good at counting v

let's get to paypal, square.assive year square up more than 180% as people have gone cashless in the pandemic but there's another player that has leap frogged pay pal in the quarter. kay rooney has a closer look for us >> hey, kelly. zelle is getting a boost, doubled what paypal did with a 64% increase in transactions from a year ago. according to a survey, about 30% of zelle clients just started using it during covid. they are owned by seven banks, they own perl warning services they pay a fee there to join approximately zel they say zelle is really about keeping people at the banks. digital payments are cheaper, for the most part for those banks. zelle doesn't have that cool factor or social network vorkted with venmo and you get money in your account immediately according to wolf research, the majority of zell users are about 35 to 65 and it caters more to silver tech. they're seeing strong growth among seniors. >> kate, thank you we use it all the time with my mom but now i don't think she'd appreciate it aft

says it continues to bolster fraud fighting resourcess are investing in new staff and technology paypal, which also owns venmo is monitoring transactions for unusual payment patterns zelle declined to comment sayin it works with banks and credit unions once a report has been made to stop the activity. >> and beam financial, we told you about the savings app last month. it promised high interest on federally insured deposits, up to 7%. the problem is the people couldn't get the money out the fda sued the company and its founder for deceptive process. some customers tell us they got their money back today but not everyone head to cnbc.com for more info on this and a shout out to our investigative unit for chasing down the story and getting some action have you seen the video of the flame thrower on top of a bus in brooklyn when we first saw it, we said this is a stunt. turns out it was imagine driving down the street and this is happening in the next lane, right insanity new york's transportation authority calls it absurd, dangerous and just plain stupid, which is hard to argue it shows t

because of paypal.users can now utilize bitcoin and other cryptocurrencies what i'm looking at right now is a price discovery. seen a wild ride had a handful closed at 17,000 and i want to be a buyer i want to go here and retest the highs. i'm buying it at 17,500 looking for a move higher to 18,500, but i'm being mindful putting stop on at 17,000 even and i'm risking 2,500 to make 5,000 but we're in a crisis every rng moin and we'll see bitcoin continue to move higher in a very volatile manner. >> good stuff. thank you. we take another break and come back and do final trades next. . >>> jim, "mad money" tonight tell us. >> telecoc merged with lovongo >> you know what i mean. it's not going to be the mutual and one of my companies biohaven, an underlooked stock, this is a migraine play but have something for alzheimer's, and i do understand why people do not look at this stock bhb and look at the chart. migraine and alzheimer's, this is an amazing -- how does this stay independent i do not know. >> we lo

it's one of those key sectors and paypal is really focusing on their impact on the social environment, what they're doing with various vendors and business owners to assist them in this time paypal is doing great. good valuations. those are the companies we talked about earlier >> that's our stuff. we'll take a quick break and talk about another one there's a bullish call on it today. better late than never is it too late we'll discuss. we'll give you the trade plus, a reminder, you can watch and listen to us live on the cnbc app we back on the half right after this . >> a decision is expected within weeks. >> our mantra has been like no dose left behind >> and 2020, the year of the tinny turkeys. >> demand is up 30% for birds weighing as little as six poun pounds >> these are the nicest turkeys i've ever been around. when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $400 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come int

. >> reporter: secret service supervisor says fraudsters can ak sets cash app, vemno and paypal to move c.a.r.e.s. act, an easy target the secret service has more than 700 pending criminal investigations into covid-related fraud and they increasingly involve one of these apps how easy has this type of fraud been to conduct for these type of criminals >> extremely easy because of the online application process that's in place, that ability makes it something that they can do remotely and then direct that to different money mules across the current. >> reporter: here's how it works. criminals illegal apply for and obtain funds from a program like the paycheck protection program. once the money hits, they bounce it to another account and then another. obscuring the money trail making it harder to trace thousands of law enforcement working across the country may be no match for the scope and speed of the fraud under way >> we have seen an explosion of fraud. >> now you get to hide behind a digital device. >> reporter: the coral springs police department say criminals are also using money us

stripe works with -- competes with square and paypal.ell and hp are both getting a boost from the pandemic. they posted quarterly results that topped estimates. sales climbed nearly 3% over the three months, with hp shepherd a record 19 million pcs over the same period. itsis reporting weakness as namesake brand and banana helpedc, but old navy sales jumped more than expected for the group. the retailers closing for performing stores to focus on its online offering. the company is not providing long-term guidance due to uncertainty created by the pandemic. bitcoin mania is back. retailers are driving prices back to all-time highs. it is now up over 40% in november alone, to levels not seen since 2017. to othery is spreading coins, with -- bang and bitcoin and bitcoin dash cash jumping. that's talk about global stock nirvana. global stocks are on track for their best month on record. investors packed into cyclical sectors, pushing the s&p 500 to an all-time high. we are joined by jeffrey sacks at city private bank. looking at global appet

reporter: cash app says it is investing in fraud-fighting resources like new staff and technology paypalvenmo says it's aggressive fighting fraud to try to detect unusual payment patterns on the platform and for zell, it would decline to discuss specific anti-fraud techniques but said once consumers report suspicious activity, kelly, they partner with banks and credit card unions to shut it down >> disaster loan programs, they are so open and inviting to criminals. >> one of the hallmark of these programs is also a loophole, agencies do not want people applying in person or on paper because of the pandemic, so they've made the applications very easy. you can access them online that means there are fewer checks and balances and that pretty much anyone can pull up the website, fill it out and submit it for money. >> kayla, thank you. it's a great investigation really important stuff, especially as we look at potentially another round. kayla in washington. >>> google is making another splashy move speaking of paypal and square, we'll tell you how and pow big of a threat it could be to the c

paypal has been a big winner during the pandemic.g fallout roundup.n tois far enough along realize the expense will be higher than anticipated in june. tom: the house of years,ntatives every two every chair up for grabs in the senate, one third of the senate goes every two years, over a six-year term they rotate, too, too, to. o. jack, the guardian comes up with 35 races, saying seven are close. lean is that whole thing; and toss up. senate majority leader mcconnell? schumer? which races? jack: democrats are feeling good. they remember 2016, when the polls in key states were wrong. if joe biden at the top of the ticket has the strength and he wins, they expect to have the senate coming their way, even with narrow numbers. doug jones in alabama will probably lose which means democrats have to pick up 4 seats overall but colorado, arizona and maine are looking good for democrats. very bad for republican incumbents. you have numbers, two in georgia, one in iowa, montana is close, south carolina is competitive, where if they pick up one

p paypal enabling customers to by cryp crypto >> kate, it seems to me that is one of the factors driving price higher is this sort of public acceptance by the payment companies square and paypal and others but it's also a lot of the big names in investing like tudor jones, who you just mentioned, who are at least giving it the time of day these days >> absolutely. i think you have the demand and the ability to buy crypto more easily you would used to have to open an account at one of these crypto exchanges analysts say the people have cover. they say if paul tudor jones and bill miller say it's acceptable, maybe i should be getting into it it seems to be driving some of the confidence here. >> throwing some shade on bitcoin. kate, thank you very much, kate rooney oil prices climbing again today again along with the rest of the market the energy etf, the xle jumping 4% is now the time to bet on energy our adtrers will debate that next on "power lunch." ♪ ♪ ♪ ♪ ♪ it's different because i have to talk to a computer. i get like 6 emails a day... olivia please turn your screen on. okay, lift

also coming out french protesting peru is paypal, voice, their anger over the ousting of formulate a discount that says the country's new interim president, manuel merino squares in his cabinet will get the latest from our correspondent in lane one plus underpaid and under-appreciated nurses, especially those working in intensive care units and carrying out a great burden as the pandemic pushes hospitals around the globe today. and i'm rebecca. it is welcome to the program. amnesty international is calling it a horrific tragedy. schools and possibly hundreds of civilians have been stabbed and hacked to death in the northern ethiopia and region of t. . grey witnesses say local forces fighting government troops in the region are to blame for the killings. but there's so fog denying, carrying out the attacks the victims are thought to be day laborers not involved in the conflicts. hostilities flared last week after the government accused the take rate people's liberation front of attacking a government military camp. a un is warning of a humanitarian crisis as thousands flee to neighbor

. >> al >> a momento de pagar usa intermediarios como paypal o una tarjeta de crédito l moment >> eso maría paula noticias cuanto >> al regresar de la lleguen to regreso a casa . noticias telemundo , >> los ma loshis mexicanos en crisis por la pandemia y a poco ♪ mariachis mexi crisis,.todo cambió can't let or businesses go down the drain. tratamos de innovarnos para mantener el negocio a flote. ¡chicos! seguimos online. ¡no se rindan! hay que tener los pantalones bien puestos. arréglatelos y p'alante. ♪ a veces la familia... es la que creas tu. donde hay amor, hay familia. ritz. el sabor de la bienvenida. que nuncariño.alte... o hidratación. neutrogena® hydro boost, el humectante número uno con ácido hialurónico te da, en un instante, el doble de hidratación. para una piel tersa e hidratada. neutrogena® hasta líneas estatales. estas cosas no crean lugares. la gente los crea. por eso es que aquí, estamos ayudando a ronald mcdonald house charities a mantener a familias juntas cuando se enfrentan a enfermedades infantiles. y aquí, estamos ayudando al personal de primeros auxilios, que i

there is a enormous around amount of on ramps whether it be paypal, whether it be square -- you havet bank in singapore for example, dbs is launching a crypto spot he can change. there are many ways to play it the easiest and safest way to do it are through apps like kin base or square or paypal just initiated their service last week seamless i tried it myself. it was fantastic. >> before we get you go, we have just got 30 seconds left here mike as you look at the way things are moving right now, what scares you most about the price action >> i think with any run like we have had -- it has been a fairly linear bull run for bitcoin. i think towards the tail end and particularly as we recapture the highs of 2017 at 020,000 you are going to see this sort of blow off top. that will be really a function of speculators starting to re-enter the market. that in essence will bring us up to a level that, you know, we can drop price targets i don't think i am as excitable or as exciting as the $300,000 price target of citi group but we could get to $20,000 quickly at which point we could see a

and paypal is a great example.omething that's being lifted up with the covid stay-at-home but that has more of a long term impact so that's what we are starting to look at as investment opportunities. >> eugene, as we look into next year, do you think we will still be driven by these kind of broad sector rotation themes which are driven more by macro factors or will there be a groer focus on earnings. >> i think we are going to be driven by sector rotation and macro news of what's going on in the political environment, what's going on with respect to fiscal stimulus. underneath that, though, i do think you are going the start seeing earnings comparisons coming back into play. as you go out into the six to 12-month time frame then you do want to see companies with strong balance sheets operating as if the pandemic is coming to an en. but in between that time it is going to be all about sector, rotation and going sideways, i believe. >> degas, what do you do if you own the farm she names in walgreens, cvs health got

. >> dicky: portions of "jimmy kimmel live" are brought to you by paypal.nmo apps to shop safe with qi codes at cvs. whoa! someone please help! of course. you're tenacious, i'll give you that! it's ok, i'm ok... [heavy breathing] where are you? coming! let's do this! yeaahh! it's on!! woooo! whoa... [heavy breathing] rated rp to t. is it just proximity? is two houses down any less of a neighbor than the person next door? live here, look out for here. simple. in times of need, neighbors step up for neighbors. we do, too. with a helping hand, and a warm meal. what kind of neighbor would we be if we didn't? ♪ during kohl's black friday super deals! what kind of neighbor would we be if we didn't? plus, get $15 kohl's cash for every $50 spent! and take an extra 15% off! google video doorbell is $179.99... get 50% off toys... and save on amazon tablets. plus, free store pick up. kohl's. ♪ [ cheers and applause ] ♪ >> jimmy: welcome back. ellen pompeo is with us. she either died or passed out or had a dream or something earlier tonight on "grey's anatomy," she won

paypal has flattened out for months square keeps on going.at kate was talking about very interesting because it looks like there's diversifying away from the instant deposits which is where all the money used to come from. they're now talking about bitcoin in this. they're really disruptive. they're moving really fast to get into the kind of business and areas people want to get into as of now, it looks like square is much hipper than visa or mastercard to me >> i agree dom, this is one where i don't really have any direct experience i use venmo, i use zell, using chase app to pay people at other banks all the time i feel like i'm -- i guess by the time i adopt it, the run's going to be over. >> it's more the concept, right? you and everybody else out there are using these types of fintech products even more and more. for me, when i look at a company like square, it seems to me like i'm surprised that nobody has talked about acquiring it yet maybe that's kind of the reason it's baked into the stock price the way it is. the notion that square

amd is up almost 700%, nvidia is up just about 400%, paypal, 350, amazon 279, apple 270, netflix 255, microsoft 233, sales force 217. do you think at all about the idea of more regulation, no matter who wins? laura martin, the analyst, was on in the last hour or so and said of big tech related to regulation and some of the changes that may come down the road, quote, i don't think there they're going to be able to able to buy anybody can you take m & a off was table for some of the big technical nails. that's one aspect that could be overhanging the stocks what do you think? >> i think the companies that you just mentioned and many others have very strong end market growth, like what we've talked about the last several weeks and months as these stocks continue to elevate higher and higher so they have the growth and they don't need the m & a because, again, they are in is it a.i., cloud, retail, ecommercial. there are a lot of differemarke do don't need m & a you don't need to chase them but you make your laundry list and you do want to have some of the cyclical names, some of the reop

into a couple of the names especially with clorox after the fwoel day, watch for mondalez and then paypal it's been a huge beneficiary in the covid-19 pandemic. we'll see if those couple of reports for consumer staples food company and a big tech company carry out the themes we've seen the last week or. so back to you >> indeed we will. >> thanks, dom let's bring in our chief investment officer for the california state teacher retirement's system overseeing more than $250 billion chris, good morning. >> good morning, gentlemen >> i'm looking back. back in august you told us this market runup feels a lot like 1999 you said cash is king. april sl price to perfection all of that looks good today we're still above the august lows on the s&p 500, dow, and nasdaq to my eye so does that mean we haven't really fully corrected how are you positioning or how would you advise others looking at this market to be positioned now? >> well, thanks for reminding me of my past statements. i'm glad i was fairly close. you know, i would say, guys, it's a market -- i think my intent in august was this market

>> dicky: portions of "jimmy kimmel live" of brought to you by paypal.aypal and venmo apps to shop, save with qr codes at cvs. and a mouth-watering sauce. so when chef claes makes a pizza, he doesn't just make a pizza. he makes a masterpiece. taste our delicious new flatbread pizzas today. panera. is now even more powerful. the stronger, lasts-longer energizer max. the stronger, lasts-longer getwith contactlessour list, shopping at target. from same day delivery to free drive up. quick and easy contactless shopping all season at target. ♪ if i could, baby i'd ♪ how can i, when you won't take it from me. ♪ ♪ you can go your own way. xfinity mobile's fast nationwide 5g network meets the first iphone with 5g. get the new iphone 12 on xfinity mobile. and right now, get $250 off. learn more at an xfinity store today. >>> harper isn't out, her parent don't know we're together. >> i always felt like something was off. you can't go a year without meeting your significant other's parents, trust me, i have tried. >> she does plan on telling them immediately after

. >> so we bought some more paypal and we bought baba paypal came down at the quarter.d still on a long trajectory of increasing and, you know, cashless payment venmo growing fantastically, 28% transaction volume we thought it was attractive baba came down because the chinese government pulled the anthem financial ipo, $44 billion ipo. $150 billion company k.biggest payment processor in china it will happen eventually. backa owns 33% of it, so we thought it was attractive. >> interesting yeah that was a big day and a big move for that stock. all right. let's do final trades. rick saperstein, you have the honorss? >> bandwidth and content and verizon provides it for them verizon has a 10% cash flow year and 2% dividend. like the stock. >> got to be a little quick. rob go >> xlk with the interest rates staying low, discounting the earnings at low rate, it's going to continue to do well >> joe terranova >> guide wire software technology. >> pharma jim? >> general motors reports earnings tomorrow. sales are back to pre-pandemic levels almost. >> dr. j >> financial services,

>> hey, kelly, big moves in the payment stocks take a look at paypal and square square up 7% and paypald the election uncertainty. the tailwinds that have helped these companies. think of consumers, they don't have a lot to do with the outlook of the investments we also have some new hope of a stimulus package with mitch mcconnell's comments a bit earlier which is boosting some of the other payment companies, mastercard up about 5% and visa is also getting a boost up about 4% and any hope of more stimulus and a boost to consumer payments is helping the payments company here kelly, back to you >> good point, kate. thank you very much. kate rooney. coming up, ballot provisions are giving gaming tox a boost said as they have several states legalizing -- infrastructure names taking a hit on the chin today. we'll take a look at what's come up on "the exchange. how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected. hi, m

they have cashapp that competes with paypal's venmo. and cashapp takes bitcoin, yes, bitcoin, which is once again unstoppable. consider the title of this piece of research that came out this very morning "square, why not, 300? right now the stock's at 191 this thing has been anointed nine ways until sunday this thing's a winner, and at this point in the year winners keep winning second similar story, paypal hey, if you love cashapp, you'll also love venmo, which also takes bitcoin. made itself essential to the contactless economy. i think it can keep running. another bitcoin derivative stock. hey, crazy year. third, yeah, i mean, come on, tesla. this one's got so much momentum even a soviet t-34 tank couldn't stop it going higher tesla got bigger than ford, gm, toyota, fiat-chrysler combined people stopped fretting about that valuation fourth is roku, the cord-cutting kingpin. roku makes it possible to stream video directly to your tv. the company's been putting up some great numbers, but this is a case where young investors, robin hood

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now you can use paypal or venmo when you check out. the first national retailer to use paypal's new technology. the contactless pay feature is available at more than 8,000 stores nationwide. >>> well, the spacex crew is waking up in their new home this morning at the international space station. it took a little more than a day for the dragon capsule to reach its destination after it lifted off from cape canaveral, florida, sunday. the capsule docked after a lengthy process. the latch opened and you can see right there the four-person crew making their way out. i'd be happy, too. they will be staying at the space station for six months. >> but you said you wanted to be up there. >> i know. just need a little get away sometimes. >> you want it for a limited period. how long? >> a month. a month. >> oh, see, i would say until the vaccine. >> really? >> yeah. >> go all the way up there. until april 12th. >> not the 12th, friend. >> i just have a feeling that is the day. >> we trust you. >> you can read obama's book up there. it will take

use paypal or venmo and no extra fees. the first retailer to use paypal's new technology.s pay feature is available at more than 8,000 stores nationwide. >>> the spacex crew is waking up in their new home this morning at the international space station and they brought a special passenger with them. the small green floating thing is a stuffed baby yoda. it took a little more than a day for the dragon capsule to reach its destination after lifting off from cape canaveral, florida, on sunday. after a lengthy docking process, the four-person crew reached the station where they're going to perform research work at the space station until reinforcements arrive in april. >> baby yoda is cute. i might stay a little longer. >> see. i'm telling you. just stay up there and hang out with baby yoda and wait until the vaccine is ready to go on earth. >> april 12th. >> my made-up day when that is going to happen. >> all is well. okay, friend. we'll see. >>> coming up next at 6:30, governor newsom's apology for attending a friend's birthday dinner as new potential scandal emerges with st

reports on manufacturing and construction spending and earnings from clorox and paypal. airlines are resort to go a new strategy to get around the collapse in travel giving seats away. alaska airway in sales this summer offering an entire row for the price of one ticket. twh while european air is offering two for one specials, aimed at running up demand and keep cash coming in as airlines are keeping much of their fleets parked. analysts say the priority has been to drop prices low enough to fill the few planes so they can break even and free food and discounts, criskrispy kreme, sh shack is giving out a free sandwich to poll workers and door dash on orders above $15 with a vote. planet fitness will offer a free workout and massage. >> you said massage, okay. something to think about. >> doughnuts and massage. got you covered. got to make it through the election. >>> coming up on "today in the bay," a halloween house party takes a bad turn with some of it captured on home security video. details on a confrontation that sent partygoers and neighbors scrambling for cover i

reports of a bidding war between paypal and square has the bitcoin world in a frenzy as more wall street joining me now, strategic wealth partners wealth adviser and investment strategist, luke lloyd and of course, well, let me start with you. bitcoin. because i know you are a bull. maybe that's an understatement. i'm hearing numbers from 60,000 to 100,000. where is bitcoin going? >> charles, when it comes to bitcoin, it's all about supply and demand. ask anybody what price they are selling bitcoin at. many people are never selling. it's their get rich money. people don't want to own bitcoin because they don't necessarily understand it. what if i told you didn't have to understand it, it all comes down to how much demand there is because there is a fixed supply and people are afraid right now, even institutions. most institutions can't get involved until 500 billion or trillion market cap. bitcoin is not even to 500 billion. so there's a lot of room for it to go. i'm looking for $50,000 by the end of 2021. i think $100,000 is actually in the question for bitcoin. charles: wow. i will tel

major news from paypal, others, accepting bitcoin. is that and how much has that really been the reason, one of the reasons it's taking off again? >> it all comes back down to the definition of money. the definition of money, money has to have a few characteristics. for example, enough people must have it. merchants must accept it. and society must trust that it's valuable enough and that it will remain valuable. paypal getting behind crypto is huge for people actually getting the brand image that bitcoin is not that thing that dropped, that crashed in 2017. it is something that is reliable. maybe there was a high back in 2017 but it could in fact be something that more merchants and internationally can accept it and people can actually use it for their payments. charles: although how many people are using it for transactions, or more as an investment? it feels like it's replacing gold. people are storing it away as a store of value. to your point, if you go to $100,000 in five years, there's no way i'm buying christmas gifts with it.

paypal trading down. they are way, way down, paypal was 210, 212 in the middle of earnings season.n 20% since there so if you look at the tech trends and what is going on right now, fundamentals have been very strong, the numbers have been great, we had big earnings beat, put up the full screen here, and it has been sell the news on earnings. that's story since the beginning of tech season october 12th, beginning of earnings season if you look at the big names, they all did well, only google is trading above where it was since it started here. everything else, apple, amazon, facebook, microsoft, netflix, down the list there, shopify, you can look at spotify, these companies that all beat, heaven help you, there is sap, that's down 28%, my point is, beat, you still sell on the news don't beat, you're in trouble like sap here. and tech has been lagging overall, i'm not picking on any of the megacap names look at the s&p 500 down 6% since earnings season started, but tech is down 10%, semiconductor is 8, software is down 9%. tech in general has been sell on the news that's the other m

also day and was speaking some time ago the ceo of paypal with the shareholders customers and employees the other two will be taken care of. especially when entrepreneurs do. sometimes the pc is the most important stakeholders sometimes the least. and then to do that very well so it's hard to make the call that says and academics want me to tell them once and for all what the priorities are for all cases and businesses and all times. that theoretical point state colder groups you have to be recorded needed. and to keep them in harmony because they sound good together. and to get everybody aligned by the music of the is a disharmonious note and then has opportunities to create more value. in roughly in the same direction over time and just for the long term i've had 40 years people tell me the stakeholder stuff and then to make sense in the long term and here is where it does if we use the short term remove the long-term and it never seems to catch up there comes a point but i make sense in the short term i am an increase seeing the skeptic of the short-term long-term distinction. we don

. >>> welcome back tech is the best performing sector with qualcomm, paypal and nvidia it's soared underhe trump presidency, out performing the broader markets by 155% compared to 57% by the s&p 500. joining us for more in a cnbc exclusive, box ceo aaron levie always good to see you, aaron. >> thanks for having me. >> as i mentioned in the tease before the break, we've been following twitter closely as we always do. it seems like you've been welcoming the election result. do you think it will really be a big boost for your broader sector and for the economy next year >> yeah. well, first of all, it's probably a bad idea to follow me on twitter, especially during election season. but i do think that, you know, irrespective of stock market and some of the economic indicators that's tied to, when you look at america's long-term competitiveness, whether it's the global partnerships that we have with important nations that we trade with and we depend on, whether it's immigration reforms to make sure we have the best talent in america, whether it's stem education or making sure we have decisio

well to the north bay, a man is helping his mother with her says that he was pelted with paypal's in valais whole thing's been getting very violent out there kron four's dan thorn has details. >>it was all illegal has enjoyed dancing around campaigning for his mom's reelection bid in valais whoa but last week the fun ended painfully. i just felt defeated and. >>my mother takes me up she said people the 22 year-old says the attack happened around 5.30 wednesday evening near ascot and redwood parkways. >>from close range a group of teens in a pickup shot him several times 3 clean in the back to skimp line there. i just found out today i have a wound on my eye that's turning yellow alega has taught high school in the community and was born and raised in vallejo but the agony of this shooting has been more than just physical. it's also been emotional definitely thankful wasn't a real death we think was going be all in or you know what. >>i guess change lies or something like that. but i mean when they pull it out. i just said this is just unreal. >>a league of might not be the only victi