and if it is not with paypal, they're much less likely to do a transaction. >> it is so true, jim.oday fundamental to the forward guidance we gave is this belief that digital trends are going to continue cash displacement is going to continue i said today, among the many things i look forward to after the pandemic, going to an atm machine is not one of them so we fundamentally believe these trends will continue and that people are going to gravitate towards digital wallets. we believe in digital wallets and we're putting one out there that we think is best in class. >> what you said, john, about the digital wallet, it is so true, we have 40 apps, we don't like most of our apps and we want them to consolidate and consolidate in a simple, clean, atmosphere, where there are thousands of compliance people who are actual asset for you, aren't they? >> so true so true. and, you know, as we talked earlier about today, people are just moving in this direction. we believe that if you look at some of the experiences that we launched over the last year, we see a much higher level of engagemen

revenue topped 6 billion for the first time ever for paypal that came in at 6.1 billion.etter than expected account growth paypal added 16 million net new active users in the quarter. they now have 377 million accounts total paypal is giving full year guidance that was better than expected. 25.5 billion there and q1 guidance also looks better than expected the company is expected to grow revenue at 28% total payments volume up 36% year over year and crypto engagement. we don't have any metrics on cryptocurrency remember they launched that option to trade things like bitcoin in the fourth quarter. they say those who are crypto are twice as engaged as the average customer back to you. >> paypal up 1.4% in after hours trade. faang focus up next. mike santoli will have a look at the market's slightly less extreme concentration in the bank stocks and what it could mean for investors looking for more opportunities like gamestop or amc cnbc pro did a screen of small cap stocks with significant short interest but also have upside compared to the sell side price targets. so hated

picks for 2021 and paypal is up nearly 20%.ntactless payment solutions, that theme is paying in these times. also we're seeing the crypto craze and with paypal being one of the places where people can buy and sell cryptocurrency i think that plays well in their hand, still trusted, watched by the public, i think those are some of the things we're looking at i also like microsoft that we talked about, many reasons why as we talked about the gaming, the hybrid cloud, those things still stand strong, but those are some of the winners and i think that you still have opportunity to get into those names. >> bill, let's talk about paypal, the shift to cashless payments and bitcoin seems to be already priced into this stock so do you stick with the winners or look for some of the underperformers for opportunity? >> thanks, seema and, you know, paypal as well as microsoft are two of my top holdings and i do think this market -- my upside target rolling 12 month upside target is 4625. if you look at the s&p 500 if you look at what happen

all that stuff is really crushing these high multiple stocks look, i love paypal. love square.they're innovating no doubt, cashless and contactless is the way to go i would prefer visa of all the payment stocks out there i think visa is the best play right now because if this reopening of our economy is real, visa is going to benefit the most so i think they have the biggest catalyst ahead of them. >> todd, paypal also benefitted from crypto push and stock up 11% over the past one year. >> for sure. you know, they've added the touch list paypal and venmo qr code 72 million users last year totally user based 377. proper margins are really good at 26% you compare that to square, quarterly margins. 1.2. 44 times next year's earnings. that's expensive the selloff looks a little scary but only 17% which is similar to the last year at 16% above 250 and paypal adding crypto currency trading in november and we're supposed to be able to transact with crypto going forward, and before i went on air, actually bought some bitcoin on paypal. it's pretty good and you'll see a pretty good quar

year in paypal's history.he quarter in revenue for the first time some of the brick and mortar numbers he mentioned some of the numbers in store which we think of paypala as this company that had gained in the fourth quarter. huge jump in payment volume and a jump in payment volume for venmo in particular up about 60%. venmo is expected to approach $900 million in revenue for 2021 also a couple of analyst upgrades this morning. we didn't get as much detail on crypto they did launch in the fourth quarter, but that is driving user engagement. shulman said on the call that users who were buying crypto or bitcoin on paypal were twice as engaged as before buying bitcoin. that's driving some engagement on the platform. shulman saying he doesn't expect people to go back to the lives they were living and the way they were shopping before the pandemic the digital economy is here to stay which, of course, good thing for paypal back to you. >> kate, thanks so much. and keep an eye on shares of grub this morning, a miss o

steve, where do you stand on paypal >> i like it and i like the whole space.uares, squares in that same space it's a competitor to paypal. but bitcoin has definitely been a tail wisdom to this as well as the pandemic and everything else but i would assume that these things can continue to move higher, so i like the space, even with the valuation as tim pointed out. >> be sure to tune in to the full show idfray 5:30 eastern time coming up next, your final trade. it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one last look at my dashboard before we board. excellent. and you have thinkorswim mobile- -so i can finish analyzing the risk on this position. you two are all set. have a great flight. thanks. we'll see ya. ah, they're getting so smart. choose the app that fits your investing style. ♪♪ >>> it is sometime for the final trade. let's go around the horn tim. >> following the two week d

paypal is a holding of our clients. we love paypal.e would prefer to be in that type of financial as a traditional bank. we think that is the future. i'm surprised no one tried to buy paypal because their business model is fantastic it in the new world we're entering in. very exciting as an investor right now because there are so many opportunities this year to get tremendous growth even from the levels we currently are. charles: you know what? i am shocked as well. i think a lot a lot of these old dinosaur type financial names, they're missing out big time. so you know we marvel at how fast this covid-19, all of these vaccines how quickly they were created, developed, brought to public but let's face it, you know this could have happened 10 years ago, 100 ago without some amazing advancements without something like crisper. let me go to you, david. i love it. i got into it after the nobel prize was announced last year. i got out far too early. i would love to buy back on a dip. we can't over look amazing things happing in biotech and

it's like a quarter of a trillion dollars now paypal pypl, no, almost 300 almost $300 billion on paypalany added 16 million. >> it's amazing. >> it's unbelievable isn't it i'll tell you what's amazing. >> instead of messing around with gamestop, and all of these little tricks, why didn't all of these retail people buy paypal a couple of years ago. buy a company that's actually growing and it's going to be a great company. why play around. the company added 16000000th to accounts in the fourth quarter a 39% jump in total payment volume they're into crypto, they're into installments now. it's not even just payment anymore. you pay something and it's going to be like a loan that you pay in installments, this is all new to me sorkin, you know all of this you probably use venmo >> i've got venmo too. >> i take venmo all over the place. >> i have my own paypal account. i used to use my husband's account all the time he got sick of me using it i caved and got my own account, so i don't have to run anything by him anymore >> like the casual dune in the jean jacket, this is him 300 billion. >> i

i'm a very, very big proponent, fan of paypal. the biggest winner of the robinhood transfer is going to be square and cashapp. every millennial has it on their phone to send us money ultimately, that's one and paypal's venmo, i'm going to not talk about the tremendous benefit of the stock you know the business model. you can go safely in certain states that are open you can pay with venmo i leave my wallet at home sometimes and just pay with my phone. how often, look at what that does look at what digital payments does they brought in 70 million new users. last year alone on a base of 300 million. this is our number one pick of 2021 and i got in late. i wish i had gotten in sooner but i've been picking up absolutely i got in late. my girl, brynn, she told me to buy it at somewhere well below 200. i got in when it dipped below 230 last week, scott, and i just picked up tons of it and i think it goes well above 300 we have a 274 price target on it right now. >> i hope you make money in that pete, you previously owned paypal you don'

paypal along with crypto, anything like this, fintech, phenomenal window that is part of the story, butot doing a whole lot after hours. romaine: if you care about the numbers, but total payment volume is slightly above estimates. forecast is relatively in line with the midst, nothing earth shattering. when interesting thing, a lot of people were looking at what was going on with crypto and the strategy there. joe: joining us with more insight, the cofounder of the open money initiative and a principal of the venture capital firm slow ventures. thank you so much for joining us. nothing in the release about how many bitcoins they sold, but we know this is part of the story that so many of these legacy -- there were dominant player -- traditional fintech getting into crypto, etc. how big is that that you have these assets people accounted for forever since the '90s opening up crypto availability? >> yeah, absolutely. things for having me. i would say that this is a huge thing for crypto. it's a huge win for bitcoin over the last several years that we have these distribution channels open

paypal holding its investor meeting today. it doubled its active user base.tomers are quote flocking to bitcoin. by the way, cramer's got an interview with don shulman coming up top of the hour on mad money. we could see the fingerprints of the reddit traders in the options market, dan, but we've got the fundamental story behind paypal what do you see on the stock >> mike laid it out nicely it's been well rewarded. i would make some comments about that interday pol tillity in the stock and the short dated nature of these calls, we've been talking about it over the past few weeks. ice going to get harder for these wall street bets people to push around bigger and bigger stocks so you talk to institutional trading desk, they'll tell you the one, two, five lot are just noise. they don't really matter when you look at all the buying in this week expiration and next week and you have a interday reversal like we had, that is disastrous if you own short dated options. to me, i just think this is another example of trying to play some of these trends on a short dated

and paypal and i have the cfo and the ceo i think paypal is integral to the revolution that we have beend revolution i like the enlightenment no one bought that it's not sexy enough i'm working on it. >> a last question from me, jim. a lot of people who have had the second dose of either pfizer or moderna say that's the one that you do feel a little sluggish for a couple of days afterwards. are you getting any of that? >> to me it's the same thing no >> that's encouraging, good news. >>> i took two tylenol i came to work you know no it's the same old, same old. i get my stitches out today for my back surgery. so there is a lot of information. >> yeah. >> the rip out catheter at gamestop is the best ever sell for me. >> that was good that's play and hurt, jim. see you tonight. "mad money" 6:00 p.m. with jim cramer good thursday morning, everybody, welcome to "squawk on the street." i'm david faber a carl quintanilla and breaking news entrepreneur bitcoin and cannabis disney tonight. >> yeah, first let's get to our meg tirrell with findings from oxford university's covid recovery trial >>

and paypal became the giant far and away >> yes, speaking of which, guys, pay pal profit, 3 x, year on year, record payment volume, i think as jim was mentioning, and jim, you know, the trend, the guidance, the ratio of companies guiding higher as we look at the opening bell is the highest since the mid 2000s, keeping a list over the last few day, pfizer, ea, merck, clorox, texan, amd, whether or not that's because analysts had more of a cloudy view of the pandemic, i guess, remains to be seen, but that trend's good. >> i think you're dead right, carl what happened is that a lot of people felt in a pandemic no one can do as well so numbers came down across the board and it turned out there are haves and have-nots and we will be talking to clorox tonight on "mad money" and clorox is the kind of stock you buy if you're staying at home, it is a nesting stock, and one of the things that i find that is so curious about this moment and people don't know if we're nesting or going out, but you tweeted this morning, headlines from a british paper, about pass the beef and when we see that, do we

a big hour ahead fintech pioneer max levchin, co-founder of paypal, will join us as his new company affirmts its first earnings since going public and then a new era for paid content, well, microsoft says maybe tech firms should pay for news. we will begin with disney, touching new highs after a quarter led by streaming closing in on the $100 million mark for disney plus. julia boorstin joins us now to break down the results hi, julia. >>> well, jon, disney plus growing to 95 million subscribers well surpassing its original guidance four years early along with hulu and espn plus, that direct subscription base growing to 146 million driving the revenue up 73% in the quarter while that division's losses fell by more than half. the company wouldn't update its expectation. now it says it's going to break even by 2024 >> we've been especially pleased with the success of our direct-to-consumer business. and our recent strategic reorganization has enabled us to accelerate the company's pivot towards a dtc first model. disney plus exceeded even our highest expectations >> average revenue has decli

i do think though that dan schulman has tout me a lot about paypal, taught me a lot about crypto and taught me a lot about buy now and pay later, so many different ways, venmo, that makes it so that im a-i'm not at all chagrinned that there is a $330 billion market cap at paypal and i think they go much higher and i think the projections that they showed on my show last night were unbelievable and dominate. >> will they challenge visa. >> yes. >> visa is usually a half a trillion market cap. >> all right, steak dinner, 18 months. >> 18 months >> so i'm already taking the other side here? i didn't say that i want to be on the other side. >> sorry >> how about a chipotle cauliflower bowl >> 450 billion for visa. so i should, you know -- >> catch me if you can. >> you know what you want to go out i'll buy >> we'll stand in a -- >> we can go somewhere and sit in a restaurant. i'll buy. >> cinco de mayo, my pace. i'm using the san diego standards how to open a restaurant safely. >> i'm looking forward to that as well. i'll even pay for my tequila. >> really? >> starting today, guys, start

charles: later in the show how paypal is proving that crypto boom is here to stay.n stronger. next, fox business, one of the more storied black owned family run businesses in washington, d.c., to find out how the community helped in their success. your grooming business is booming. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base. claim your seventy-five-dollar credit when you post your first job at indeed.com/groomer ♪upbeat music♪ transitions™ light under control. ♪upbeat music♪ transitions™ signature gen 8™ available now, in 4 vibrant style colors. transitions™ are you frustrated with your weight and health? it's time for aerotrainer, in 4 vibrant style colors. a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-s

paypal which i also own paypal so it's going up, and you know, i think it will go up for a while at this because now there's a race to say we're cool and we want to be involved i bought on the dip the other day and i'm there until further notice >> that's fair you obviously have the prerogative to do what you like. why are you trading in and out of it if you're convinced there's so much momentum behind it don't do it. >> because i use stops on trade. if i go in for something for a trade and i keep moving the stop up as the price moves up because i don't want to lose money on a trade. i'm there to make money on it. so -- and once i bank some, i move it up and pete does the same thing and that's just smart trading and it's a risk. if it's coming down and i'm gone >> it's good to know and trade school, too, for people who are in, perhaps, more speculative -- >> yeah. >> go ahead. >> i'm sorry it takes the emotion out of it you don't get married to it. so you just put it to the side and it takes the distraction out of it and you make money, great. if you don't, it's more fun. >> josh, do you

liz: can we go back to paypal for a second?gger market valuation than mastercard. this is a high growth area. they are, of course, now making news by saying they will deal in bitcoin, et cetera. is it sort of that you're looking at this kind of financial technology and saying paypal's the one that checks so many of these boxes versus just the toll road companies like mastercard and visa? >> yeah, they have always, when they got into the space, they had the most flexibility, probably the biggest innovators. you see paypal jumping into all kinds of other businesses. they seem to be able to pivot faster than anybody else and it's a trusted source now for everybody, especially anybody in an >> liz: you've got to this time we are about to see all-time record closes again for the dow, s&p, and nasdac. market looking a little over heated to you, or is this just a new normal? >> it is, you kind of have to stay in the game and play with the momentum, but at the end of the day, you know, since the new president's election wie were up 20%

the up ticks in volume interestingly, because some of these are bigger companies, mastercard, visa, paypale not $300 million getting attention. these are $300 billion companies and even these are getting moved around that to me is quite extraordinary. by the way, there's more than 1700 securities that have options on them traded in the united states. when you say ten stocks or 9% of the volume, keep that in your mimed. it's a much smaller number that, i think is interesting the other thing is our systems were just pickling up on how these type of options flows are impacting the behaviors of these stocks the most bullish sentiment -- and a lot of this is retail flow, people risking a couple hundred dollars, maybe a thousand, maybe 1500, but these are moving stocks around we saw the top ten active stocks outperformed the market handily. more than 5% increases in the range of three days. people often talk about the real money accounts, wellington, fidelity, putnam, things like that, but really, what we're talking about is small players apparently, when they band together they're as impactful

. >> when we come back on the show, paypal weighing in on the current crypto craze, what the company'seaders are saying about the potential plan for crypto and one fintech company under pressure following their report as a public company. there's a hint. >>> and the stories you'll be talking about today, including taylor swift making moves to gain control of her music library. a busy hour ahead when "worldwide exchange" returns after this break labradoodles, cronuts, skorts. (it's a skirt... and shorts) the world loves a hybrid. so do businesses. so, today they're going hybrid with ibm. a hybrid cloud approach lets them use watson ai to modernize without rebuilding, and bring all their partners and customers together in one place. that's why businesses from retail to banking are going with a smarter hybrid cloud using the tools, platform and expertise of ibm. overspending on a retinol cream? just one jar of olay retinol24 hydrates better than the $100 retinol cream. for smooth, bright skin or your money back. olay. face anything. and try new retinol24 max. >>> welcome back to "worldwid

kim: what difference does it make when the likes of mastercard or paypal say we are going to let you use bitcoin as a mean of paying for things? is that where bitcoins value comes from, in its ability to be used every day, or is it more as a store of value, investors buying and holding? glen: it's a store of value. when william referred to it as a tulip bubble, during the 201819 slump, in the back of my mind, i was thinking could that have been a one-off? are these assets going to slowly die as people lose interest? it's all about faith, do we believe these things are going to do well and then they become a self filling prophecy. what's interesting is i think covid may be the reason why they have come back stronger than ever. covid created a new narrative. the idea of that coin as digital gold, when the federal reserve turned on the money printing and started massively expanding their monetary policy and order to combat the deflationary effects of covid, that scared a lot of people and made them think they are printing money and leslie. we don't believe in the dollar anymore. it shoo

to paypal.nvestigation? protestorjoanna — because of herjob as a carer — has now had the vaccine. helen is also having the vaccine. she feels she has a responsibility to those she might work with in future. sarita, after speaking to a doctor she trusts, is planning to have the jab. her family have now had theirs. and rosemary has made up her mind after we told her the truth about the video. how are you feeling about having the vaccine today? absolutely so pleased, i can't even say. relieved, really relieved. i think we both are really looking forward to having having it done. all done. thank you. hello. it's been a fine day today in scotland and northern ireland. it will be again tomorrow. whereas there is a weather front in parts of england and wales, which will continue to bring some rain, as it will through the evening and overnight. northern england, wales, the west midlands and the south—west in particular. eastern parts of england staying dry. a mild night across england and wales, but tem

to paypal.igation? protestorjoanna — because of herjob as a carer — has now had the vaccine. helen is also having the vaccine. she feels she has a responsibility to those she might work with in future. sarita, after speaking to a doctor she trusts, is planning to have the jab. her family have now had theirs. and rosemary has made up her mind after we told her the truth about the video. how are you feeling about having the vaccine today? absolutely so pleased, i can't even say. relieved, really relieved. i think we both are really looking forward to having having it done. all done. thank you. this is bbc news. my name is mike embley. our top stories: secret recordings of princess latifah — daughter of the ruler of dubai — are released exclusively to the bbc. she says she's being held captive by her family. i am a hostage. this villa has been converted into a jail and all of the windows are barred shut. i cannot open any windows. president biden takes part in a televised debate in milwaukee — he s

now look at paypal, another huge pandemic winter.y just closed at their strongest year ever in the stock is up 6%. lauren: and that's an all-time high. 2020 was a record. sales last year, 21 and a half billion dollars. date processed $936 billion in payments for customers stuck at home buying and shopping online. they also introduce new features that were popular, buy now pay later with one and of course you can buy and sell crypto on this site they raised their guidance for 2021 and set a goal of 50 million new customers for this year and investors are plotting. stuart: nearly 6% up, thank you. that to the overall state of the play. in about 20 minutes we open the market and we will be up across the board, but not that much president bidens cdc director says schools can safely reopen. watch of this. >> safely opening up schools, vaccination of teachers is not a prerequisite. stuart: did you hear that? chicago teachers, did you hear that? you don't need to go to the head of the line for vaccination before you go back to teaching kids

options market mike did some number crunching, found that retailer favorites like tilray, sundial, paypal, and others accounted for a whopping 9% of the total options volume in the u.s. this week the options market's a jungle right now. so, mike, why don't you guide us through what is happening and where things might be headed. >> yeah. it's absolutely amazing. i mean, first of all, of course, we had the reddit rebellion names. those are the gamestops, amcs, blackberrys, nokias, and everything we saw a lot of activity there many of those names were trading well over a million contracts a day. then, of course, we started to see things pick up this week we were actually highlighting a lot of the cannabis stocks, tilray, canopy, aphria, and so on, those things similarly seeing these big upticks in volume. and then interestingly because some of these are much bigger companies, you know, mastercard, visa, paypal, these are not $300 million companies that are suddenly getting attention of some of these traders. these are $300 billion companies, and even these are getting moved around that, to m

i like paypal a lot, i'm a little worried about the print here. i think it's a little bit overextended, but i would be a big buyer on any dip. i look at a stock who doesn't have earnings for another three or four weeks, a stock like a costco which, again, is kind of right in the mid level of the nasdaq here, and i like a stock like that. i love it way ahead of earnings right now, i love retail. but i think it's those kinds of stocks, liz, those -- again, i call them mid-level, mid-tier stocks on the nasdaq, that's really going to provide the make or break whether we break out as opposed to looking at a one-off like an apple or an amazon or an alphabet. liz: guys, it's so great to have you. you're the experts. you've been trading for decades. it's great to have you both, scott and teddy. thank you so very much. >> thanks, liz. liz: all right. as we are watching, was reddit's short squeeze rebellion the ultimate pump and dump scheme for the 21st century or a legit warning that retail investors are way more powerful than anyone thought? jordan belfor

lifting the price target on paypal this morning to make $345 and paypal said they will double their accounto 750 million and jack dorsey's other company, square, we expect results attained at the month and you can imagine because they were the first to jump on the bitcoin trained, they will do very well for the final three months of last year's. stuart: if bitcoin tumbles badly, does paypal stock tumble? susan: i would imagine so because they have read in this wave on the back of bitcoin record pricing so i would imagine. stuart: lets talk energy prices because of this deep-freeze i know oil is up and gases up, what else? susan: we'll prices first of all let's look at it because they are spiking, highest in a year. it took a year to get back to near $60 a barrel. electricity wholesale pricing surging 10000%. 10000%. stuart: not across the country? susan: in texas. we are talking about $9000 per megawatt hours or prices were $50 before this winter storms a look at that that's appreciation. natural gas up 6%. biggest johnson's the start of this month work board says it not-- has to idle its k

morgan and we do like paypal, although i will say with the paypals of the world the one thing that we're concerned about specifically with that company is comparisons start to get tougher in the first quarter because their business just exploded at that point. so, yes, things are going incredibly well for them and they've been very innovative and that's certainly a positive, but i would agree that for the financial, i think are an interesting place because rates -- we haven't had a steeper yield curve for a long time, and i think it depends on whether or not why it is steepening and if it is steepening for the right reason and recovering and i don't think it will be disruptive as many expect it might be and in that sort of environment the financials can do a lot better and suddenly they have more spread to deal with and we're in an environment where the investment banking business has been incredible and nobody would have expected that a year ago, so i think there are some good reasons to consider some of the financials. >> i mentioned at the top of the show the apple story, too, for obv

mastercard, indirectly paypal, as i said. microstrategy to set a convertible debt offering.sed to buy bitcoin. so you are hearing more and more of this. sometimes where there is smoke there is investment fire. we'll follow it for you. we're also following the latest right now on the great numbers we're getting on covid. the seven-day average. that is the lowest it has been since before thanksgiving. promising news on the vaccine front. the administration certainly by mid to late summer, 300 million such doses, vaccines will have been out there. now whether that is including double doses which means that it is 150 million americans who can benefit, no matter how you slice it, the good news is out there. so why are some still worried. after this. ♪. at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce

first i'm going to go with paypal, which is more of a blocking tackling company than people realize, it just happens to be sexy and disney, when the pandemic got vicious disney managed to pivot. they play hurt better than most players play healthy somehow a business based on crowds and sports proved to be a finesse fiend at the right moment thanks to disney plus. i want to run behind disney. as for paypal, look at that thing, up 7% today after the quarter they reported last night it's clear the company's finally hitting its stride huge volumes huge new account growth. tremendous willingness to adjust and embrace the rise of crypto paypal may be the most exciting financial company in the history of the game but because it's still financial it's playing in the interior line. next tackles have to find a way to stop the rush from the outside, make some room for running backs to advance strength, speed, maybe a chip on their shoulder not chips. we're short those. you get that point i want home depot and costco out there fighting for me. they're huge yet play scrappy. just last month costc

. >> paypal issuing new guide on, the cfo saying the company expect to triple total payment volume to $2.8 trillion. they expect revenue to more than double to more than $50 billion from about 2$21 -- this new guidance comes after color from dan shulman that they expect to double active accounts in five years from 377 million today, and the comments come a week after a strong earnings report for paypal they, the stock, by the way dipping a bit, but rallied 260% since march of last year, essentially the start of the up and down tyler? >> rahel, thank you very much. >>> bumble making its public debut today. the former senior adviser at bumble about investing in women-led companies. we'll hear from that individual. >>> later, we get behind the wheel with pitbull, now the co-owner of a nasr could team. we'll talk to him about that and what he thinking the music industry looks like in a post-covid world much more "power lunch" after this - we have a location that has experienced four floods, a fire, a hurricane, and obviously now we're in the pandemic. this is during hurricane harvey. the

paypal added a record 72.7 million active accounts last year.ter revenue beat estimates. ebay is gaining customers in the midst of an e-commerce boom. the online marketplace gave revenue for the current period that beat estimates. pandemic wary shoppers have turned to ebay and amazon to avoid going to stores. ebay says the number of customers rose 7% in the last quarter. the world's largest watchmaker is -- warned it is struggling to meet the market, another sign of the shortage with remote work and surging demands for computers and car buying as people avoid public transport. all of that has led to automakers to boost chip buying. that is the bloomberg business flash. francine: the bank of england prepares to release its latest rate decision and a report that could push below zero. evan, thank you so much for staying -- adam, thank you so much for staying with us. when you look at what is happening in the market, it is just mind-boggling. the bank of england is incorporating the negative rate scenario in its toolbox, the markets are discounting

stuart: are you saying to some degree paypal and square are a bitcoin play? susan: yeah.age, at least there'll be more spending going to banks as well. stuart: thank you, susan. far-left policies do not work in california, where do they work? steve hilton has something to say about that. he joins us from the west coast just ahead. diamonds apparently rebounding and so is buying online. are you willing to buy a diamond without seeing it? the ceo of the world's largest online jewelry company is here. he's going to join us next. ♪ ♪ the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq some say this is my greatest challenge ever. like you but i've seen centuries of this. with a companion that powers a digital world, traded with a touch. the gold standard, so to speak ;) when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover h

david sachs cofounded paypal and wrote a really smart piece about the implications of this story andblishing platform persuasion. you have a grounding in this world is sufficient to draw informed conclusions about what happened and what it means for everybody else, what have you concluded? >> sure. you have been warning about censorship and the slippery slope whene people start to invoke censorship and i think we see it here with discord. you have a case where some wall street traders, their message board was taking down, they weren't engaging in political speech at all, they were engaging in a plan to give these wall street predators a taste of their own medicine. because of that, they were threatening to the people in power and were accused of hate speech and taken down. if you were to go into these message boards, you wouldn't see hate speech. you would see a lot of raunchy b speech but nothing that is too different from what you would see on any trading floor or boiler room on wall street. all of a sudden these titans of wall street's are shocked by the language that's going onng

kim: what difference does it make when the likes of mastercard or paypal say we are going to let you as a mean of paying for things? is that where bitcoins value comes from, in its ability to be used every day, or is it more as a store of value, investors buying and holding? glen: it's a store of value. when william referred to it as a tulip bubble, during the 201819 slump, in the back of my mind, i was thinking could that have been a one-off? are these assets going to slowly die as people lose interest? it's all about faith, do we believe these things are going to do well and then they become a self filling prophecy. what's interesting is i think covid may be the reason why they have come back stronger than ever. covid created a new narrative. the idea of that coin as digital gold, when the federal reserve turned on the money printing and started massively expanding their monetary policy and order to combat the deflationary effects of covid, that scared a lot of people and made them think they are printing money and leslie. we don't believe in the dollar anymore. it shook investors

charlottesville mainstream social media sites like twitter and facebook and payment systems like paypalmping from platform to platform soliciting donations in crypto currencies for their racist and anti-semitic tirades. >> a form of social media influencer gone wrong. >> reporter: john has been following the donations. what kind of money are these known neo-nazis and white supremacists making? >> most of them, the prominent ones that have made the news are making six figures over six figures of bitcoin. >> reporter: this streaming and gaming site became a new favorite with extremists. users tip in lemons which can be converted into cryptocurrency or cash. far right extremist known as baked alaska use it had to live stream the deadly capitol breach collecting donations as it happened. >> it's a video gaming system platform mixed with cryptocurrency mixed with a video live streaming and all of that with this layer of white supremacy and neo-nazi actors. >> reporter: take this guy -- >> it's a lot easier to say the jews did it. >> reporter: a holocaust denier who runs one of the most proli

largely baked in even though they've been incredibly positive look at some of the knockon effects of paypal and door dash coming off grub hub as well as some of the take away from the miss on qualcomm as well in those sectors. >> we're out of time here on "closing bell. thanks for watching. "fast money" starts now. >> this is fast money in tonight. tonight on "fast," here come the regulators demanding answers adds a reddit rebellion fuels market swings. whack be done? the top regulator will join us straight ahead plus, tracking after hours action of qualcomm and paypal. calls are under way. we'll bring you the headlines. a deal lighting up the cannabis space. we start with came stocked or game on? gamestop gaining more than 2%. while other heavily shorted names also posted gains. robin hood easing some trading restrictions, allowing users to buy fractional shares in gamestop and amc they're still down for the week. what is the thing about the reddit rebellion that's captured wall street's attention. let's bring in bob number one, can we actually say that the rebellion is over based on what

mastercard joining paypal and its move to crypto dan schulman is on "mad money.m scared. ♪♪ it's only human to care for those we love. and also help light their way. ♪♪ it's why last year chevron invested billions of dollars to bring affordable, reliable, ever cleaner energy to america. ♪♪ good morning! this is where everything started. the four way is engulfed in history. you're sitting in the place where giants ate. the four way is the heart and soul of the community. ♪ ♪ ♪ ♪ ♪ ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. >>> welcome back sa sales of zynga higher saying it's building a war chest for potential m&a. the ceo is joining us now, another first on cnbc interview. frank, welcome back. i want to talk about consolidation happening in the game space we just saw ea, microsoft making buys and google shutting down the st

. >> courtney, thanks for that let's turn back to bitcoin that's our guest run paypal currency exchange bitcoin investment will only lead to more institutional interests. joining us now is charles pascarella explain. who do you think is next, rbc positive perhaps it would be apple. but what kind of operation is going to sort of dip their coin into bitcoin in terms of reserves next? >> yeah. well, i think this is a part of the earlier trend going from earlier doctrine to main stream. you started with the crypto enthusiasts that's morphed into institutional traders. now you can getting the corporates, tesla and elon music is the latest example. there will be many more. this is about a main stream adoption phase that's really going to continue and i think this is really about creating financial freedom and a lot of engagement for both companies but also consumers and so you see it with paypal and you see it with tesla. it will continue with large financial institution, probably being the next large ones on board. >> charles, is elon musk more of an indication of corporate trend or is he a

if you look at paypal and venmo and square with cash app, in the last ten years, both of those platforms users. if we look at jpmorgan, a traditional brick and mortar bank, it took jpmorgan 30 years to reach that same level at the end of 2020, venmo had about 69 million and the cash app had about 60 million users that's an example of how as an investor you're looking now at the payments definitely paypal, square compared to jpmorgan is a better growth opportunity that's just one example. >> if that's one example, you don't wholesale change, you don't wholesale change your investing construct because of this you allocate to some of those themes it's not like you're saying, this is a wholesale change of the entire marketplace there are still places that you want to be from the traditional value and growth type perspectives >> exactly, xa accountly if we look at the overall markets, and during 2020 what we saw is a lot of the companies actually started to cut back on their expenses one example is wes rock, the maker of paper products. what they did is that they actually cut back their senio

however, thursday's marcevent ie pal paypal analyst meeting i'd like paypal since it was spun off in ebay since 2015 and i think the business is about to reaccelerate this year because they already reported a magnificent quarter last week. i bet what you hear from the ceo, i recommend buying the stock before hand if you don't own it already it will be spectacular on friday, we hear from a forgotten company that could be about a get love again newel brands the stock is creeping up so much about this one mostly because of the board challenges and missed quarters. those issues are definitively behind them. newel has come back as real. i can't guarantee this week's run will continue. this was the calm after the thwarted rocket ship emoji emotion but we're back in the miss of trying to make money again by finding stocks of companies with good fundamentals nice change in pace. let's go to max in florida, max? >> caller: hey, jim, i just had a question to you about virgin acquisition. i bought on the news last week about a possible merger with 23 and me and now that the cat is out of the ba

tesla, paypal, square, mastercard all down in the terms. we have another serious selloff in big tech come across the board america's a super wealthy tech giants are tumbling for the second day in a row, one more time big percentage losses for big tech and that's pushing the nasdaq down work nasdaq is tech heavy. thirty go down now, off 200 points again for the nasdaq dow jones, smb, modest losses with plenty of red this morning. hanging of the markets, the $1.9 trillion covid relief package. the question is, do we need all that money to get the economy going again, is it all devoted to covid-- no, it's not and if we get on that 1.9 trillion, what effect will it have? inflation scare still with us. the yield on the 10 year treasury at the highest levels in a year, 1.37%. my opinion, the one part of the relief package which i believe will definitely pass, the 1400-dollar checks. maybe i'm a cynic, but i can't see many caught-- politicians opposed to buying votes and that's what's going on. in one hour fed chair powell will testify. what is he

and company's like tesla and paypal have said they will begin accepting it as payment.ulators remain cautious, though. the heads of the central banks have said they should be viewed as a risky investment rather than a commodity or currency. the coronavirus pandemic has reignited a price war between supermarkets and producers in france. annual price negotiations between retailers and suppliers are said to conclude at the end of this month as farmers are under increasing pressure to lower prices. this, despite a law passed in 2018 aimed at ensuring they are paid their fair share. >> behind the supermarket shelves, a battle over prices. suppliers are coming under increasing pressure, particularly smaller companies. in its annual negotiations with retailers, this fruit juice co. agreed to lower the prices of their products by 7% fearing repercussions. [speaking french] one large supermarket chain cut the product range from this brand by half resulting in a 10% decline in revenue. despite the 2018 food and agriculture law aimed at ensuring fair prices, retail giants continue

walt disney's one he may be buying, maybe home depot, perhaps paypal, google. you think of what's happened in the past couple of days -- in texas the past couple of todays and how people have underestimated, a lot of people, the market itself thought that oil was going to take a hit from the green policies of the biden administration. but now we realize more than ever you need oil. you need gas. you need those carbon energy companies at least as backup as you're transitioning to more reusable energy forms. so i'm thinking of a chevron. i'm thinking of maybe ab exxonmobil -- an exxon mobile. he has done it in the past. as i said, in 2015 he bought phillips 66, so it could well be that that confidential filing might be for an energy stock. liz: and, you know, david, you know who loves exxonmobil? i remember charlie munger, the vice chair of berkshire hathaway, warren's bff forever and ever, used to tell me -- this was back when rex tillerson was running it -- is the best run company that he felt was out there. people used to wonder would they buy it outright. i d

dingy. 100 he doesn't go out much kanji is a hebrew mori the japanese word to socially be true and paypal who spend their lives avoiding the outside world so this is your room a portable go hand then move more that's going to cloying aboard your needles and then the skid row method body is still mobile can i he wants me to go of course you know they've got a mop on my whole young body communal. while all your work which you write. the government estimates there are more than 1000000 he got maurie across japan most are over 40. kanji has lived like he's the hafiz line he says he doesn't fit in with japanese society. the when i keep him. jumanji mask we eat out in my. bones bush thinks the nines and i couple seasons are my non-ego you are also with the the uk were you in just south of the. conquered with this and that by being socially withdrawn do you feel that you're missing after all some summoned up in the night that was all not on the schedule so no comment about the commissioner could not use. kenji has 80 hage day or attention deficit hyperactivity disorder a condition that was left

hi hi he doesn't go out much kensi is a he could morrie the japanese word to socially be true and paypal who spend their lives avoiding the outside world so this is your room and. then more money that's going to cloying aboard your needle son than the skid row. mogul can i he wants me to go of course view they've got a macand my whole young body clock a mormon. when all your work which you write. the government estimates there are more than 1000000 more e across japan most are over 40. kanji has lived like he's the hafiz line he says he doesn't fit in with japanese society. the when i keep him. jumanji mask we eat out in my. bones we push the the 9 down i couple seasons are mine when you go you are all sort of thing the awkward you in just the thought of the. conquer this and that by being socially withdrawn do you feel that you're missing after all some summoned up on the night that was alone this could also come up with all of the commissioner could not useful. kenji has 80 hage d. or attention deficit hyperactivity disorder a condition that was left undiagnosed in 25 years ago he beli

currently trading up 1% to 2%, i believe and before we move on to tomorrow with other big names like paypal and spotify. let's get to the judge. >>> all right, carl, thanks so much welcome to "the halftime report" i'm scott wapner what amazon and alphabet's results mean to the faang trade and of course, the overall market we discuss and debate that with our investment committee joining me for the hour today are stephanie lane, josh brown, jim lebenthal, degus wright is with decatur capital management and i'll take you to the wall and show you where stocks are trading today and yes, they're ripping higher and there's a lot of focus on tech and the dow has been having the best day since november and it's the big two-day game for the s&p since that same time period and there's your picture, a better than 600-points gain for the dow jones industrial average and we'll call it 2% s&p is 1.75 and there's the nasdaq and to the far right the russell 2000 is having a strong day, too, as well as the other major averages josh, we have a setup, because i told you yesterday that mike wilson had come out

romaine: a lot of focus on tesla but a lot of others like shopify, paypal, zoom, basically a who's who of companies that have been rallying. sarah ponczek them that we will catch up with you shortly. back to the news on gamestop, the cfo, jim bell will resign from the company in march. looking for a new and permanent cfo to help the company. we will be back in a minute. this is bloomberg. ♪ ♪ romaine: all right, joe. probably one of the biggest news events was churchill capital. the big spac finally in green. sthe stock intro to has rallied above 470% the past few months. joe: it is kind of wild. people got so used to buying some of these spacs, then they announced a deal with a car company you may have or may not have heard of, then they had a rally. it didn't work out at least for some motors of george hill capital which will merge -- churchill capital, which will merge with lucid motors. look at that, ugly. a messy looking chart there. caroline: and to tie it in a bowl, we were talking about gamestop and their cfo moving. these new spacs are bringing in retail investors. and they ar