paypal, whatever this new marketplace is, would be it a threat to robinhood?> yep, and i bought puts, actually, on robinhood expiring september 10th. and, look, they've got a big lock-up coming those people are going to look to head to the door as soon as they can but as much as the story that you've democratized investing for everybody which it's already democratized you democratized the ability of companies to enter into the space with technology paypal has to be a winner because it's been around for a long time and they can form these partnerships, limiting their risk, like robinhood can't, for example, because of so much news floating around from 60-plus civil class action lawsuits to gensler with their pay for order flow he may put the kibosh on that any day. to me, robinhood has to -- has a sell by date it's not profitable. their cost of attracting clients just went up exponentially as soon as paypal comes on. you've got sofi which i think is a better managed company it's a very competitive space. i just don't like robinhood and i hope you get that impre

his job title on linkedin is not ceo of invest at paypal.y. paypal pointed us to comments by ceo dan shulman at investor day earlier this year, talking about the longer-term vision for the company and how it could including more financial services he mentioned invest capabilities and also mentions things like high-yield savings account shul man has also talked about what paypal is as a super-act, and paypal already offering cryptotrading. another source tells me this will not roll out this calendar year we're looking at next year the ear earliest paypal not the only one looking to be a super-app. there's a lot of competition in fintech. robinhood, of course, sofi has it, square as well there's a lot more regulatory scrutiny there lately as well. kelly, back to you. >>> actually, i'll pick up, kate so stock trading, how would they make money on it they make pennies per share? or is it by payment for order? how will these do it will they follow a robinhood model, or what >> that's a great question when it comes to robinhood, they've got their

you know, for me, when i look at paypal today, i was a little surprised.oing down made sense to me. what didn't make sense was coinbase not going down because paypal is trying to be a coinbase, a robinhood and charles schwab all together and maybe even a square. so i would think it would put pressure on a lot of those other ones i think it's a really good announcement for paypal. >> guy, would you agree? the market loved it, but does that mean it's going to happen paypal as a trading platform >> why not jamie dimon, back this january, he made a comment that we should, the banks, should be scared blankless in terms of what's coming in fintech he followed up with that in april. jpmorgan's probably the best suited with taking these guys and gals on. i think you do stay with palpal here for a myriad of reasons i think the stock has a real chance to test the prior high we made a few months ago at 308 or there abouts >> ebay's market cap is now an eighth of paypal i think we're the only five people in america not starting up a fintech actually, some of you guys

paypal spiked higher on kate rooney's scoop the idea here that paypal is going to get into stock tradingaps inevitable, but when you think about the sheer league that aproduct like venmo has, digital wallet 50 million users to say robinhood's 18 million users these are people that already have accounts introduced to crypto trading and now perhaps stock trading. this could be huge >> it could be, but how many of those people already have fidelity or vanguard, have 401(k)s through their employer i know i do. >> different audiences maybe >> but how big is that other audience and how much marketing dollars are they going to have to spend in order to continue to grow i wonder what the costs are here, julia. >> yeah, the cost and also the question of what consumer demand is for having everything in one place or multiple apps for multiple services. will people feel like they're getting a better service if they can pick the custom services just for them as opposed to having everything in one place >> yeah, we'll see meanwhile, we see the megacap tech names higher today. alphabet hitting a new al

so paypal very much the large, large cap player here.us billion dollar company at this point. paypal is the benchmark right now. it is still worth a lot. but square is catching up pretty quickly. it has a lot of room to grow, though market valuation wise. let's look at the financial side of things. how does it stack up market value wise to some of the biggest banks on wall street well, jpmorgan is currently worth just about $465 billion. goldman sachs is about $130 billion in terms of overall market value just putting it square right beneath it and u.s. bank one of the major banking side of things worth about $83 billion, to give you relative context to where square would be as it becomes a little more of a lender each day. and then from a valuation perspective, carl, john, deirdre, it traded at a rich premium. right now, square is forward priced to earnings ratio what next year's anticipated earns are going to be, currently 140 times or so next year's multiple if you look that the square versus paypal, paypal closer to 50 so, yes, there

paypal stock over 3%.ting because you have to wonder, there will be some kind of oversight with these guys as well. francine: we had some conversations with some of the exchange that regulate crypto, and the concern is you don't know where some of them are headquartered. i know this is a little bit different, but it will be interesting to see how paypal will roll this out in the u.s. first and then how they go global with it if they decide to do so. alix: and how they make money off this, so presumably low fees are zero fees, and robinhood makes a lot with payment for order flow, but that is, under scrutiny. i wonder if paypal will do it differently, and also if robinhood would want to do something different. it will be interesting to see how this works. you can see robinhood up by almost 4%. francine: very good questions. i don't know whether people feel more comfortable using paypal because they feel it is more secure. those are questions that i don't have answers for you. alix: more coming up. this is b

take a look at who else is getting involved we have paypal, affirm, klarna and jpmorgan got into the buy now pay later options. and apple is reportedly working on a similar project with goldman sachs. many don't charge interest and link to consumers bank accounts. afterpay charges four interest free installments and a fee if they miss an automated payment many strike a deal with the merchant and profit on the back end. they don't charge consumers. many of them don't use a fico score. some worry about the debt load and what they call stacking debt, mean paying for installment loans with a credit card, seen as a big threat to traditional cards and names like visa and mastercard and money center banks whose main profit engine is still interest bearing loans and fees back to you. >> this is such an interesting one, kate. from what i understand afterpay was going to launch a money app in october so then it would have become a competitor of sorts to square not only is it buying some complementary financial technology but potentially taking out a competitor. >> reporter: that's a great poin

we see companies like paypal start to accept it like you said more and more companies are embracing it, institutions have to start buying it so there has been a bit but there's a time and a place a little scary not the easiest trade but technically crypto currency has been trading fantastic i've learned about it a lot this year, again you have to use your tier system and know when it's extended and when you get to whole number like 50000, obviously you will see a little profit taking it came from 30000, the question is cannot hold the 47 - 48 and go back into the higher 50s. i think i'm not going to be timely and they will see 100,000 in bitcoin by december and it's back in the game and is trading very well. liz: is 49240 at this very moment. i would just like to say quite best has interim phase has been higher instead a quarter percent while paypal is edging in an paypal moving higher by more than 1%, thank you a quick check at the nasdaq it's four points away from the session high of 245 to the upside up to 241 were keeping an eye on it in just over a week left before the august 31 d

this is mostly competitive for paypal. it starts to create an alternative for paypal, starts to approach the scale, building and offering that is more similar to help. -- to paypal. affirm was up 15% or 16% today. that is because it is expected those other pure play players are likely acquisition targets themselves. emily: lisa ellis, good to have you with us. we will be following how the deal plays out. china's securities regulator has called for talks with its american counterpart after the u.s. sec increased disclosure requirements for ipo's in u.s. companies after a nearly $1 trillion share selloff last week. part of that was due to kathy cathie wood's exit from tencent. so much happening in this space. amazing that ark could have such an impact on these latest moves by the chinese government. give us some broader context. katie: arkk was kind of ahead of the game here. they started offloading chinese equities earlier in july before the flood of crackdown headlines. the arkk innovation etf has zero exposure to china ri

been doing. >> look at what venmo has done for paypal when you talk about diversification. that's the promise of robinhood. 80% of revenue comes from payment from order flow. but that young active user base is so promising for longer term investors if they can translate them into, you know, purchasers, buyers, users of other financial products >> yeah. that's right this paypal news comes amidst a firm and amazon's new par partnership that sent the buy now, pay later company stock soaring. it is ticking down today, down about 7%, giving up some of the gains. our in half are likely to use the new offering dan joins us now half of amazon users, that would represent a dramatic shift in customer behavior. amazon is so dominant. i'm curious how you got to that number and also what the long-term effects of that could be on the other players that are also offering similar buy now, pay later services >> i know. thank you so much. it is great being on the show. really appreciate it we did -- over the weekend we did the survey over 200 amazon customers and we were shocked as well almo

under of paypal he talked about a long-term vision, so it called pay pay a superal. >> on one levele space. >> that said the first move or advantage this missed on -- >> which is why you should do it as feature, and as parts of a total financial relationship effort by paypal, and by everybody. well, it's getting away from just commodity pure stock and options trading, getting into a broader financial relationship it's what every kind of industry trend develops into before it would just been -- it does remind you that the core business of robinhood is all about branding and habit, and the fact you're right, they did actually get a pile of new scienceups because of the usability of the app and the publicity behand the zero-cost trading. so they obviously have a head start, but it could be a crowded area, even if paypal doesn't directly threaten of customer base. >>> jason, what do you make of paypal exploring the launch of a stock trading feature? >> i agree here with mike. i think it's a crowded space payment volume is up 40% the deal has catalystic for what they've been doing, so i'

i want to dwell on this for a moment, you probably heard paypal paypal owns venmo. venmo is potentially look at getting into stock trading and going up against robinhood i'm going to ask you a speculative question, barry. if they were to go in that direction, would that make the stock more or less attractive to you? >> oh, it would make it a lot more attractive. as i said, a third of financial assets in households across the country are in stocks and people seem to have a strong draw that way right now. i think that would be a pretty good move for them and they have the money to do it and the cash flow to do it i don't see that as being any problem. >> this is interesting to me what is your perspective as somebody who's both a money manager obviously. you trade yourself you're watching this explosion of retail interests and now the proliferation of zero trading platforms and trading and the rest of it how much competitive space is there for all of these new platforms to get into this territory? i don't really understand. is it just because the market share is growin

, and paypal had i think built a major foundation in latin america before they did as much here or ats part of the growth so agree i think the global opportunity for these companies is even greater than what we talk about here. >> guy, of course karen has to ask what her boyfriend should be doing to survive this fin tech disruption but in your view, jp morgan or square here? >> it is interesting, well first of all, should drop the restaining order against karen given the choice between the two, think square still has most growth potential and is more interesting company. you could make an argument that jp morgan, where they're trading in terms of tangible book is getting a little ahead of itself with that said, not that i'm looking to play a game of would you rather, but i'll add sofy into that mix and i think there is a compelling argument that somebody for $15 billion could bring in sofy and have an anthony on their bench that could be a potential heir apparent > >> we have more when "fast money" returns does your vitamin c last twenty-four hours? only nature's bounty does. immune t

paypal says it will allow customers in the u.k. to make crypto transactions.e on all of that next. this is bloomberg. ♪ guy: in london, i'm guy johnson. alix steel is in new york. this is the european close on "bloomberg markets." paypal launching a cryptocurrency service in the u.k. this week. a little bit of catch-up maybe. eddie van der walt joining us now. we can talk about the ability of people to access it. it becomes an easier hurdle to get over in terms of buying and selling know. what is going on in the market right now that i find fascinating, you got this move from $30,000 to $50,000, which is been -- to 30,000 died -- to $50,000 which has been quite a straight line. from here which disease trajectory look like? eddie: a lot depends on u.s. regulators. people are excited about the possibility of a u.s. etf. the excitement is back in the bitcoin market. if we see prices continue to rally, that just draws in more investors. but as you say, access is a key factor for an asset like bitcoin because in the old days, we had to send our money to a foreign b

we have square announcing the $29 billion deal to buy fin tack after pay to get into the space and paypal and american express, citi and apple is finally reportedly planning to launch installment lending in a partnership with goldman sachs back to you. >> it is a fascinating evolving area i think tim has a question for you. tim? >> well, i think the question is, they've already struck a pa partnership with apple canada on activity north of borard does this leave a place with we see these two companies fortunes, not amazon but a firm tied to amazon at this point >> it is interesting, that is the case with peloton. some of the partnerships have been a leading indicator for a firm stock you saw it sort of trading in sympathy with peloton. i think it does tend to trade long with whatever it is partnered with but amazon being such a big chunk of u.s. e-commerce has investors up and they won't be able to partner with certain people because they're with amazon and one of the things that we wore wondering is something that amazon could build their own buy now and pay later product and instead wen

financials to tuitions mastercard, paypal and many others are investing heavily in it, expanding accessomers around the world. so, while coin trends higher, the question remains -- will it replace traditional currencies in the future? we ring in our panel in in a moment, but let's recap bitcoin's history. it was created in 2008 by an unknown person or group of people under the name of satoshi nakimoto. it began circulating a year later as an open source software, which means everybody could access the blueprint and make their own coin. it was intended for people to send money online and avoid the global banking system. value fluctuated sharply as people experimented on how to use it now, bitcoin -- to use it. now, bitcoin can be used to buy property, electronics, drugs, without leaving a trace. ♪ let's bring in our guests. in new york, john biggs is a crypto journalist and author of "black cats: misfits, criminals and scammers in the. electronic age" we are also joined by the director of a financial res earch firm. we have blaine goodman in london, author and former business corresponde

not to mention this also shows what a profitable division crypto is for paypal. very similar to robin hood for it to be expanding so quickly to try to establish market share in the u. k. pay powell rival that of establish crypto current. the exchanges such as coin based global as well as resolute. so making such a heavy investment into the crypto industry, really it by the giant. it really is giving this conviction that crypt those will play in the future of global finance and commerce is not just the fad as so many of the haters continue to preach and been finally here. a chinese high court has now and now it's that crypto currency is not protected by law. after reviewing a case involving virtual token, how will this impact bitcoin and other digital currencies, which have been outlawed in china? yeah, i mean it's certainly not good news, but i don't know that if it's anything different than what we already knew, look, china is a country where is the high court is not going to say anything different than what the national government says. right? so the government

paypal, klarna, american express and jpmorgan chase all have buy now pay later options and apple is reportedly working on a similar product offering with goldman sachs. many of these companies don't charge interest, at least for the first year mostly rely on debit and link to consumer bank accounts many strike deals on the back end and profit from that relationship and often don't use a traditional fico score some analysts worry about the debt load in these cases and what they call stacking debt, meaning paying for installment loan it's with credit cards and seen as threat to the traditional card issues and money didn't centered banks main profit interest bearing loans and fees back to you. >> kate rooney, thanks, with details on that deal karen, you've been, for a long time, a fan of square, and a fan of j.b. morgan wondering what you think are the ripple effects for incumbent lenders and financial institutions >> if you're a bank, worried from every again from fintech. jamie dimon wept on about that, have to be more nimble and speak to that younger customer so used to do nefeverything online

a name you like is paypal. someone on a block likes paypal. i took profits ahead of earnings.ness. thank you for your time. >> thank you very much. charles: senator dan sullivan with the latest on this infrastructure deal, which i got to tell you it is, 2700 pages, probably speaks for itself. wait until you hear some of the real craze at -- craziness goinn there. americans would do just about anything, anything not to go back to the office. tweet me @cvpayne. what would you do not to go back to the office? how much pay would you give up? we'll be right back. (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. one, two! one, two, three! only pay for what you need! with customized car insurance from liberty mutual! nothing rhymes with liberty mutual. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ [sfx: psst psst] allergies don't have to be scary. spraying flonase daily stops your body from overreacting to allergens all season long. psst! psst! all good front desk. yes, hello

but paypal payments can still not be made in bitcoin, for example, directly.urrency will have to be sold for traditional currency and its value then used to make a cash purchase. didi — known as china's version of uber — has suspended its plans to launch in britain and continental europe, according to a report by the telegraph. the newspaper says the firm is concerned about the regulatory backlash it's currently receiving at home over data privacy. the paper added staff working on the planned launches have been told that they face possible redundancy. us vice president kamala harris has accused beijing of continuing to "coerce" and "intimidate" in the south china sea. she made the comments in a major policy speech in singapore on the first leg of her south east asian tour. we're nowjoined from our asia business hub of singapore by katie silver. as we were talking yesterday she has arrived and she is already pointing the finger at china? ., , , china? that is right. these words were _ china? that is right. these words were made - china? that is right. these wor

it's unable to evacuate. unaccompanied with charlotte bellis is in a couple and she has more paypal panicked and have started flooding the airport than these evacuation flight picked up various countries. same thing in the military, plains and, and thousands upon thousands of afghans just making a run for the port trying to get on some of these evacuation flights. the taliban, securing the perimeter at the moment. and the main problem is in the crowd control technique, which is predominantly shoes in the air and width people to push them back. and the problem with that is, is that many of these people do actually have valid documents and are entitled to get on some of these evacuation flights. but they're having a hard time getting past the thing. she was tell a bomb frontline to get to be a life, hundreds of demonstrators, it rallied in the greek capital, call you on the government to do more africans that monday rapid asylum approvals for those trying to get to europe as well as for thousands already in greece, malaysia's out game prime minister says his allies agreed on a successor offeri

i want to start with the paypal situation. as retail investing has become more and more popular, is this a good move for paypal? well, definitely. first of all, they have 377000000 active users. if you compare that to robin hood, they have 18000000. so in terms of the whole trends, you just talked about retail investors getting more and more involved in the market . a power certainly opens up another door. now it's going to take a while for that to happen. as you've mentioned already into the crypto space. there's talk that perhaps they'll find some kind of a partner as a broker dealer. but overall, right now, if you just look at the stock itself, it's interesting because you mentioned it's sold off a little bit. but it actually is holding a very keen, moving average year of the 50 day moving average. you have an opportunity if you believe that this could be a real profit for them as it was, let's say for robin hood, when you have a situation where you have about a $10.00 risk and it should send the stock off. now we will tell

so paypal, intel, nvidia, microsoft. super mega caps have been a bit stronger, microsoft and apple, for example. but either side a positive or negative let's say that that debate is not yet over again i think the key here, carl, is higher rates have basically helped the market look through the whole delta variant story and that's been a major story. on the delta variant, still, slowing, not derailing the recovery and the key question is what exactly do you mean by slowing. you can change behavior without going through lockdowns and that's what we're debating right now, how much are we changing behavior carl, back to you. >> thank you, bob pisani. >>> still to come this morning, earnings, e-commerce trends and the pandemic, a first on cnbc interview with the ceo of ebay. >>> first time for the bond report, take a look at treasuries are doing ever since we get ppi just over an hour ago. 10-year is hanging in there at 1.37 across the atlantic some new data showing that eurozone industrial production fell unexpectedly in jun

you are a very well-known executive from paypal to stubhub, and now you are doing this. current culture index? talk us through it. scott: thank you for having me on today. we at stockx consider ourselves a platform that should reflect current culture. our platform allows people to trade and consumer culture. as we think about what it means to be a consumer of current culture, for us it means the opportunity to invest or consume across multiple categories, whether it be sneakers or collectibles or apparel, or even electronics. what we have seen out of this post-pandemic world is a changing and shifting view of the consumer. looking at these alternative assets, these other categories as a place to invest money or consume. matt: i get why somebody would want the first air jordans, or kylie irving. why are crocs and birkenstocks become so big? scott: i guess this is fueled by the pandemic but the trend of comfort as well as economic opportunity. crocs as a style, brand, up 400% this first half of the year compared to last year. birkenstock is up 600%. i think a lot of that i

four major types of cryptocurrencies using paypal in the united kingdom.an see we are up by almost 200 points. reggie: mike richards stepped down a week after he was announced as one of the new host of jeopardy after sexist and offensive comments about women. new episodes filmed last week with him will still air but now the show is scrambling to fill his role. larry hackett talked about who could fill his position. >> labarbera and has made it obvious he wants the job and it seems this is a way to fix it. reggie: to serve as executive producer of jeopardy and wheel of fortune. my mbi like - mayim asked to step down after vaccine comments she made. fans of dolly parton are loving her new perfume line. the perfume is called above. it debuted in july and had the highest single day sales for a fragrance launch. for fans, hsn just restocked in the product description says it smells like mandarin, p oni, jasmine, sandalwood and mosque. kumasi: here is a new way and an easy way to just to make iced coffee. the hyper chiller can coolly hot liquid in just one minut

. >> paypal, he's a computer whiz.he's a real immigrant successor, born in south africa, moved to canada and the us and it is a marvelous story for an immigrant to make it this big in this country with space x, paypal at space x and tesla and tesla is making slowly inroads into as i said the automobile manufacturing business which is very difficult business inherently to make inroads into so it is very impressive so you start with the ceo who has his own financial backing in that he's a billionaire and this is in contrast with other mavericks we looked at so is one reason tesla seems to be holding its own. what are some other reasons, tesla's stock is doing very well. what are some other possible reasons to explain why tesla has not gone the way of tucker and delorean, at least not yet? what about the nature of the car? what powers tesla? gasoline? diesel? >> it is an electric car. that makes it much different and more appealing to consumers with a taste for the future who want something different, not just gasoline ve

paypal will stop charging late fees on its by now, pay later option. customers to split purchases into four payments. it has exploded in popularity in the u.s., especially among younger shoppers. since paypal began offering it last year, customers have used the service to make $3.5 billion in purchases. more evidence that supply and labor constraints are holding back home construction in the u.s. while demand has slowed, housing starts fell more than expected last month. that is the bloomberg business flash. guy: thanks, laura. there's going to be a briefing at hhs. we will hear from dr. fauci, wolinsky, etc. on these third shots. it looks like delta fears are certainly ripping through the markets in a fairly big way. the lgim chief investment officer joining us next. ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services withou

paypal. i mean, he's a computer whiz. he's a real immigrant story too. he was born in south africa, moved to canada and then the u.s. it's a marvelous story for an immigrant to make it this big in this country with spacex, paypal and also tesla. and tesla is making, slowly, inroads into, as i said, the automobile manufacturing business which is a very difficult business inherently to make inroads into. so it's very impressive. so you tart out with a ceo who has his own financial backing in that he's a billionaire. and this marks a contrast from some of the other mavericks that a we looked at. so that's one possible reason why tesla seems to be, seems to be holding its own so far. what are some other reasons? tesla's stock is doing very well. what are some other possible reasons to explain why tesla has not gone the way of tucker and delorean? at least not yet? any other ideas? what about the nature of the car? what powers tesla? gasoline, diesel, right in. >> it's an electric car, so that just makes it much different and, in a way, more appealing to cons

launching a digital asset so customers can buy and sell crypto on the paypal app and coin base also they were looking to buy about $500 million worth of the crypto currency. positive developments there but of course still far from that $64,000 i think it was $64,000 high that we had back earlier on in the year. >>> u.s. futures, this is the picture for u.s. markets and the picture is pretty positive we've got s&p seen opening up in positive territory up about 12 points higher many tch dow 120 higher the tek index, naz sdaq up highr the big focus for the week will be the virtual jackson hole summit and whether or not mr. powell is going to go down the route of announcing a tapering, huge macro questions for investors this week. julianna >> thanks, joumanna. g7 leaders are set to discuss sanctions on the taliban in an emergency virtual meeting due to be held tomorrow british prime minister boris johnson is expected to urge the u.s. to extend its august 31st withdrawal deadline with thousands still attempting to evacuate the country while american troops are still on the ground at leas

the british can buy and hold four different cryptos on paypal.rs in october that helped ignite the bull market. they don't have a withdrawal mechanism yet. apparently they're working on one. that would let users take their holdings off the platform that would be a positive for the crypto market. bitcoin at 50. stuart: $50,218 to be precise. lauren, thanks very much. >>> coming up a crisis of competence, the media asking questions on many of our mind is this president fit to lead? roll tape. >> the majority of americans, forgive me i'm just the messenger, no longer considered you to be competent, focus effective on the job. >> i haven't seen the poll. >> it is out there from cbs this morning. stuart: our own will cain will take it on later in the show. more covid lockdowns in as you veil yaw. they're really fed up with this. taking to the streets by the thousands to protest. i talk to australian nick adams bit. i thought australia loved its personal freedom. they keep doing lockdowns. i can't explain it. >>> from taliban to isis the terror threat

i'm going to think about paypal which we bought from the child trust.ints on the high 35 it will be even higher management talked about an issue with separation from e bay that can hurt the earnings. my view, that's been baked into the stock so why not pick up paypal like that. now not long ago norton lifelock surged from 21 to 28 after management raised guidance however, quickly sent back to 24 when we heard they might be overpaying for a similar company in germany when the actual terms were announced they were much more favorable. even though it did surge 9%, it's down a couple of bucks from where it was when we got word of this creative transaction. it's a power retailers called the best same store sales. many of the mall retailers have seen their stocks soar they don't come close to american eagle in terms of quality. it's down 10% from the high even though matthew boss who is the best in the business can go much higher fifth, boeing. six months ago with nary a possibility of the orders for the 737 max or the wide body planes, boeing stock hit $278.

>>> time now for the executive edge we're watching shares of paypal this morning the company is exploring ways to let users trade individual stocks after crypto trading last year the company hired rich hagen to head the division of invest in paypal the ceo said the long-term vision may include financial services now you are getting a look at what that is >> that paypal story is part of the story behind robinhood's stock yesterday. stock closed lower by 7% after s.e.c. chair gary gensler told barrens that banning the practice of pay for order flow is, in his words, on the table that practice involves back end payments that brokerages receive for directing client trades. gensler said in his words, has inherent lconflict of interest it is the reason robinhood can provide zero commission trading. whether that gets any traction could make a huge difference for the business model >>> coming up, we take you live to new orleans and recovery and clean-up operations under way after hurricane ida ripped through louisiana. that's next. as we head to break, a look at the s&p 500 winners and losers >>

. >> caller: i have been a big fan of paypal, but based on square's announcement today, i am a littleome cash on the sideline should i consider purchasing more, or should i sell what i have or should i hold? thank you. >> thank you for the question. joe, what's the answer you have both of these in your joe tetf >> i do. kathy, i don't want you to sell. i want you to hold on to the position we need some time here to see if we're going to get an earnings recovery obviously you have square's entry into the buy now and pay later, but you also have ebay beginning to roll their manage payments off the paypal platform we knew that was going to happen it's happening a little faster than we expected so, let's sit tight. let's hold for now >> dave in london asks, with the american market at record highs, is there still money to be made in other places like europe. is i would love to know your thoughts oen the future for the uk market. >> yeah, hi, dave. europe just emerged from a double dip recession, and i do think there's opportunity in europe and the uk. europe can benefit from a strong u.s.

it marks the first international expansion of paypal's crypto product, which first launched in the u.s. last october. and vice president kamala harris kicked off her trip to southeast asia in singapore, announcing a new agreement with leaders there. harris and that country's prime minister unveiled new initiatives on supply chains, cybersecurity and climate and before leaving for the trip, the vice president told reporters she spoke with gm ceo mary barra on the global chip shortage and u.s. reliance on countries in that region for technology following her stop in singapore, harris heads to vietnam later this week. brian? >> all right, contessa we'll see you in a few minutes thank you. >>> that asia trip by the vice president coming as the biden administration continues to deal with the growing disaster in afghanistan. thousands of americans or those who allied with america remain stuck in the country and fearing for their lives. and now president biden back tracking and saying we may have to keep more troops there for longer, even as more american soldiers are on their way to afghanis

i traded the backbone of our business, paypal and i me is one of those she has come here. she is puerto heart and soul into dow and it's $24.00 to wake up next closure campaigning as an independent for fung. liam, amy, she walks a clean, greg, she has a sausage and the smack was on offer. welcome, amy, how sometimes qualities and the 1st of all, we have to make something fun here and come on. if he can remember us is a funny go going for quality. i mean i've got to put towards the okay. i don't i see the phone. okay. can you smack greg but shake in the bomb because yeah, oh wow. well, i've got another setting right? territory political, we had towards august 21st, so i was just afraid the spec costs $2.00 i'm looking for maybe maybe $3.00 to $5000.00 is in the some of the they're going full. i said the 200000. i get mad. i know in the public, i know you're going to get ridiculed as a son. i can't really do anything about it really because putting a target on yourself where everyone following people treat me as a family member. so that why i want you for years, for family,

it is a strong stock at the moment >> yeah, we had a little bit of what square can report we have paypal last night which was not a good report. what's your take on the stock and the trade here >> yeah, obviously, we want to take a look at comps to get some sense of the kind of numbers we are anticipating seeing. one of the reasons ewe are looking at earnings, why do we everyone care and we don't know what's going to happen a year out, earnings tend to move stock. we need to take a look at this and consider how we move stocks. we have not seen stocks taken off. when we got disappointing numbers, maybe amazon would be a number there are they looking up or down for the market we have some sense by looking at the constant that's not that great. you have a really high bar to get over to see big upside move. oo i rather like the trade structure and i understand why he's setting it up this way going into earnings. >> carter, your thoughts >> what we do know is in terms of run-up, this is one of the most epidemic move off the pan pandemic's lows. it is 32 you can bes this side way grinding opti

just like this, i traded the backbone of our business, paypal and i, me is one of those. she is tom. hey, she is quarter heart and soul into dow and it's 24 to wake up next lot. she's campaigning as an independent for fun. liam, amy. she walks a clean. greg. she has a sausage and the smack was on offer. welcome, amy, how sometimes? well, it isn't the 1st will we have to make something fun here and come on if you can remember us is a funny girl is going for all it is, but i mean i've got to put towards the okay, fine. i don't see the phone okay. can you smack greg, jake right in the bomb? yeah. oh wow. well, i think this is just another setting. great territory political towards august 20, which i was just afraid this back costs $2.00. i'm looking for maybe maybe 3 to 5000. it's in some of the they're going full. i said the 200000. i get mad. i in the public. i know you're going to get ridiculed. as a son, i can't really do anything about it really because putting a target on yourself where everyone following people, but it me as a family member, so that why i want you for

i traded the backbone of our business, paypal and i me is one of those. she is tom. hey, she is quarter heart and soul into dow and it's $24.00 to wake up. next close. she's campaigning as an independent for fung. liam, amy, she's out walks a clean, greg, she has a sausage and the smack was on offer. welcome, amy, how like that sometimes quality center. first of all, we have to make something fun here and come on. if you can remember us is a funny go going for quality. i mean, i've got to put towards the okay. i don't see the phone. okay. can you smack greg cake right in the bomb because yeah, oh wow. well, i've got another great territory political towards august 21st, so i was just afraid that cost $2.00 is what i'm looking for. i mean, maybe maybe some going for the 200000. i get mad. i know in the public. i know you're going to get ridiculed as a son. i can't really do anything about it really because putting a target on yourself where everyone following people with me as a family member. so that why i want to be for years, for the family, that's a, that's a bit