what was your topic paypal? -- job at paypal?vited their friend who most understood had the most entrepreneurial experience to be on the board. >> after a year of being on the board, i was thinking about starting another company. peter said come join paypal full-time. you have been helping us so much on the board and you understand this. we have so much to do. paypal was an early scaler. it was going to be a bank and that was not a workable theory. we had a great customer acquisition engine. how do you redefine the payments was something in front of it -- with something in front of it? i joined paypal full-time. >> paypal was sold to ebay for about $1 billion. you got your share of the profits. you then became an angel investor. what is an angel investor? >> sometimes there may be investors that people think are double investors. angel investors are people who have knowledge of the entrepreneur that tend to invest in early stages of a company. frequently the idea of a back of a napkin or about an entrepreneur nervous about doing

paypal turned out to be a gigantic success, later sold to ebay. what was your job at paypal?, when peter thiel and max started paypal, they each invited their friend who most understood and had the entrepreneurial experience to be on the board. that was me for peter. then, after a year of being on the board, i was thinking of starting another company. peter said, no, come join paypal full-time and help us, because, you know, you have been helping us so much on the board and you understand this stuff and we have so much to do, because paypal was an early blitz scaler. it's theory was that it would be a bank and that was not a workable theory. so we had a great customer acquisition engine, but how do you redefine the payments, with payments with something in front of it, even if -- even as it was exponentiating its burn rate. so i joined paypal, stepping off the board. david: paypal was ultimately sold to ebay for about $1.5 billion or so. you got your share of the profits and then became an angel investor. for those who don't know what is an angel investor, as opposed to a dev

paypal turned out to be a gigantic success and later sold to ebay. what was your job at paypal? when they started paypal, they invited their friend who most understood and had entrepreneurial excuse to get on the board. that was me and peter. after a year of being on the board, i was thinking about starting another company. peter said come join paypal full time and help us because you have been helping us so much on the board and you understand the stuff. we have so much to do. paypal was -- it's theory was that it would be a bank and that was not a workable theory. we had a great customer acquisition engine but how do you redefine the payments with something that was in front of it? >> paypal was eventually sold to ebay. you got your share of the profits. he then became an angel investor. for those not just that don't know what an angel investor is, what is that? reid: sometimes there may be investors -- angel investors are individuals with some expertise in this area or some area that tend to invest in the early stages of a company. whether it is an idea on the back of a napki

are you buying pete's fast pitch on paypal?aight ahead head on over and vote. it's another day. and anything could happen. it could be the day you welcome 1,200 guests and all their devices. or it could be the day there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. >>> crypto currencies are a speculative asset. i think they are risky, not backed by anything and there may be a consumer issue, consumers who may not understand what they are getting. >> jerome powell talking crypto earlier today. it erased losses and jumped higher, and so did things like this -- clearly this is a green light for a riskier trade. tim, what did you make of the action >> sorry, that was extraordinary music. that's all i got to hear i couldn't

paypal, great example. square is another example. these companies are going to rule the future and you can buy them almost cut in half from their july or august highs so there are great things you to be doing as a long-term investor there are great things you to be doing as a shorter term player looking for quality names on the cheap, and i love this environment that we're in and we're trying to do our best to take advantage of it from many different perspectives >> you did the perfect segment for me pete, he mentioned paypal and of the stocks they wanted to talk about, 53% of the s&p is down 10% or more from the 52-week high paypal among them, many other names on the list. in fact, you bought paypal, it plays exactly into what josh was talking about. >> absolutely. >> josh is right on this one and you talk about a stock how about the fact this stock was 310. the 52-week highs is 310 we were under 180. that gives you a great example, scott of trying to find something when we're looking we always talk about the shopping list and you a

look at apple versus paypal. indexes at record highs. apple is up 24%.nd yet recent ipos, arc funds, high multiple companies down sharply. joining us this morning, kraft ventures co-founder david sacks, early investor in a firm, facebook, lyft, open door, palantir, you name it, spacex, twitter just to name a few good to have you welcome back. >> good to be here thank you. >> what do you think is the delineation between names that are getting punished and those that are not, on a relative basis. >> i think it's mostly about whether their growth stocks and how long dated they are compared to value stocks. obviously if it's straits going, they're worth less in the present. so that's basically what's been going on if you look at kind of the performance of growth stocks over the last five or six weeks, they kind of hit all-time highs around november 8th. that was the day that you had, you know, at least three fed governors make hawkish announcements about rate increases in response to a inflation print much higher than expected we've been told by the administ

, paypal will earn $5 a share. you'll take the 20 to 30 multiple range and that's why you can say, i look at it 105. i might look at it at 150 or something, but you need real earnings to kick in at some point. they can't coast on fumes forever. there's one more thing that steve said cathie is a true believer or cathie truly believes this. cathie is a true believer in these stocks and as an investor you need to be careful at being a true believer because what that leads me to think is that you get tunnel vision, and a great investor is someone who can look at all different angles and who can stay flexible and who can say hey, this game is up here and i need to look at these differently so it's important for all of us as we go into next year to be careful about believing that the things that worked in the past will work again. we have to stay flexible and adjust to ithings that come our way in the future. to be a great investor, you need to see the forest through the trees and if cathie were here, maybe she would sug

when it comes to disney, paypal, master card and wooiynn, we hava good news/bad news situation they've all fallen when the trust started buying that's the bad news because our entry point was too high let's start with disney which is down more than 60 bucks from the 203 peak when i hear people say the market is too expensive. i like to hear disney is down too much versus what it's got going for it the theme parks. espn, yes, i saw the numbers the millions dropped espn plus the people are paying money for, movies, cruise ships. it doesn't mean that disney is going to stop going down tomorrow no it does mean you've got to start somewhere. it does mean if you look back three months ago you can see how far it's gone. you might three months from now say why didn't i pull the trigger on something right now disney is being pulled down by the omicron virus. this stock won't stay horrible forever. why? iconic company that's franchise that's what you want broken stock not broken company you really want to tell me that they can't fix disney+ for something new? that's absurd. they may not even nee

if you look at paypal, for instance, i know jon's buying some more of this, but we feel that there ise for venmo is very limited it looks like they're not going to be able to transcend the p to p and despite the total addressable market to paypal, it doesn't reiterate from a growth story to a value story and that's more likely for us to go back into the name at some point after we get through this period of pain, but on the global payment side we're looking at increasing compression for transaction-based payments and so we're moving out of it. we'll hold on to visa, being the major name that can be less disrupted and where we can go from a payment perspective in the future >> up next, the trades on some of the biggest analyst stock calls cling inudone dow component being called cheap right now. halftime will be back. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire all right. honeywell named a top pick at jpmorg

so we called paypal to find out what was going on.ut the capital to do it and would review their decision after six months. rachel: when you called paypal, they said the reason is that you did this trump flag? they told you that? >> no. they didn't, they didn't mention the trump flag. what they, they didn't really give me any reasons t was vague. there was, they didn't give me something that i could solve to remedy the situation. they didn't offer me anything. they more or less said that because our business model was a made to order art company, that it was a shady business model and, that they were going to hold, they were going to hold the capital until we satisfied all the orders. again we had to satisfy the orders but we didn't have the capital to satisfy them and ship them out and make happy customers. rachel: they disrupted your flow of business, no question about it. >> absolutely. rachel: you got help from the center for american liberty, the dylan law group, parabellum law firm, that correct? >> yeah. >> now you're fighting

you have names like block and paypal that are just trending lower.ctly is the trade in fintech in general >> i think first of all a lot of the names with a specific concentration towards that strategy they're going to face significant competition challenges moving forward from the likes of a brian moynihan and others in traditional banking. i would look away from those names. i do think that a name like paypal as we clear the deck of 2021 eand get passed the tax los selling we experience. on the other side i think the visibility of strong fundamentals to come back into play for paypal and would wait paypal is a name to target let's hear the strategy on the quarterly earnings and see the revenue and guidance looks like going forward and might have a moment where there's a paradigm shift in the strategy to step back in and purchase the stock. >> all right let's take a look. we have a minute into the closing bell for regular trading. we have lower on the day overall. off the worst levels of the session now. the dow down one half of 1%. 143 to the downsi

call up a position in paypal okay, let's use boeing that's better because paypal is disastrous everyoneon i wanted to do this again is because the terrific woman in oregon was rasking me about boeing what you should have done right here when we had it, this was on when people kind of felt that the lock-up, people started thinking right here that we would be traveling a lot more. but nothing was happening at boeing there's nothing happening here that was the clarion call to trim some boeing all right. why? because i said it was going to go lower on some negative news so the answer is if you know something could go lower, take some off i did with walmart, not enough, but this is one where if i had done it, and this is why it's important, i could have taken the money here and bought some down here, as we advise you to do the answer is when you think you have a loser, we short term, we battle you'll read it in the bulletins, this is where we're battling we're battling paypal, battling boeing, there's one other that's is just awful right now that i was trying to -- you'll see, it wasn't chev

zoom, roku, paypal, baba you think can be will be different? >> yes i'm doing nigh outlook for the investment club. people should sign up. i would sigh a bowen backs in paypal, i don't know if you have dan shul man dan shul man, he took me aside from paypal, and basically said, this is it, the line in the sand unbelievable numbers coming. he's tired of it the times -- this is a stock i've been recommending since 45. the times i've seen dan tired of the selling, it was wrong to keep selling >> buy now pay later was up fivefold >> hi's bigger, and he was not willing to give away his company to get more from amazon, and amazon confirmed a deal where it got a lot of stock did he consider pinterest? he considered a lot of things. i think that story was leaked. it was not what dan wanted what dan is focused on is winning, and he is a guy that you don't want to bet against, yet many people are betting against him. they're betting against mastercard, that announced a buyback. capital one got recommended today. the credits card revenge moment is now >>

charles: right. >> if it folds paypal has other ways to go.scandinavian company, company, they have a better pl, pay later than americans. i doesn't know, lou. i think it is wonderful, amazing inventive cone september. that is why i bought the stock. i thought i was buying on the dip but you think there is some risk? >> what is our history of paying later, right? look at the subprime crisis? did many people pay their mortgages? no they didn't. tremendous risk a lot of buying now and debt will come home to roost later on. charles: let's talk about the broader tech area. for weeks we've seen the non-profitable tech names getting shellacked, absolutely getting hammered. now the big names can't stay up. i start with you. okay, i got an apple phone, my man, thank you very much. ever since the street talked about apple 3,000, 3 trillion, it has had a tough time but is something going on with the bigger megacap names beyond year-end profit taking? >> you can't pate with a broad brush strokes, right. big cap names we have to have thick skins like arma

a dollar backing every dollar that goes to the paypal transaction system. how are you going to make any money with the system you are claiming to head towards? >> as a general matter, we are in the process of going public as a company, so there's quite a lot of customer and market facing disclosure around the business' revenue model. paypal holds an account held in the interest of customers to execute transactions. so we have a similar business model and similar u.s. licensing platform. our current reserve structure is cash and short-term treasuries of 90 days or less. there's a nominal degree of interest rate sensitivity on that reserve composition. there's also a revenue model implied in terms of the minimum transaction fees for using circle accounts and other services. >> let me get to ms. allen. my time is up. if you want to add any comments. >>. briefly, no one is going to offer a service where there isn't a way to make money. we wanted to be a win-win. there's no reason to be skeptical when the actual moneymaking nature of the innovation is in fully d

what about paypal?we're looking for when we're investing we're looking for pricing power. at the end of the day pricing power. we tend to find that among the global champion businesses that have network effects of some time. paypal has a massive global effect connecting 400 million users to 30 million merchants. they're another capital light business, able to generate huge returns on capital. there is still lot of white space as consumers continue to shift towards digital payments and e-commerce. they are the brand of safety and convenience in the internet. so i think a lot of times the market tends to you know appreciate consistent high growth. they might value it out a few years but maybe not several years. they're down 40% from their highs. given we believe they can grow high double digits, we think they're attractively priced. liz: kind of funny. we always known wall street is what have you done for me lately. the third pick is amazon. we want to go macro. we have a very bullish session about to end

the paypal version and now there's digital currency forms of the dollar.that looks and behaves a lot more like the way we experience the internet for communications and content and data so really, it's an upgrading of the form factor of the dollar. behind that, we need safety and soundness. we need to have rules around protecting against financial crimes we need to have frankly, federal statutes to define these kinds of large scale issues such as circle for most people, it's just to understand that the open internet and private sector innovation is blazing a trail no for a new set of technology for money and finance and there's an opportunity to connect that to the actual dollar system >> goes back to on and off ramps from crypto ecosystems certainly, i would hate the see the u.s. lose its advantage in building web3 because it is too heavy handed with regulation, but what do you think is the most likely outcome from this hearing? and what happens if there is a run on some kind of stable coin in the future and people are going to be furious. >> i think ther

paypal did three quarters of a million of transactions on black friday.paypal launched the service last year allowing people to pay for certain purchases over four interest-free payments. when laura shares the baby pictures of marcus, he could say, huh-uh, i don't want those out there. twitter prohibits the sharing of private information like addresses or phone numbers, and those items will be removed. it will not apply from images of sporting events or protests, and it's part of an effort to stop the publishing of information online with bad intent. although i think those baby pictures are cute. >> yeah, i was a cute baby. from 20 years on, don't post those, but baby pictures were cute. >> i think teenagers in this generation, somehow -- >> yeah, they have filters now. >> oh, right. right. all the secrets. thank you, bertha. >> that helps. >>> experts say american consumerism contributes to climate change and this holiday shopping season there are alternative gift ideas that can help save the planet. what we buy on black friday will end up in the landfil

we have to walk through the paypal of colorado. see these fires, do they associate the result of these fires and climate change? we are seeing a lot of people acknowledging that you know, the fire that's itself, it's hard to cause data, climate change event. but the background, the prolong drought, we've been in the more frequent droughts that we see here in the high country. definitely our, our, our climate change. a part of that. okay, great. hanson, a meteorologist with the national weather service service rather in boulder. colorado, thanks so much for your time. thanks for having me on while staying in the u. s. and health experts are warning of what they call an army crohn blizzard. if told americans to prepare for severe disruptions in the coming weeks, the rising wave of coven 19 laid by the on the crown variant is threatening to overwhelm hospitals, their schools, and other key infrastructure. reco numbers of children have been hospitalized. and authorities are preparing to authorize booster shots for 12 to 15 year olds ne

we have touched on this a number of times in terms of stocks, i do think paypal put in a bottom and talkedt makes sense. if you are looking for a name that's getting unjustly beat up on these headlines -- paypal took its medicine a while back i think they look interesting. >> which pete fast pitched last night. >>> coming up, a $250 billion port in the storm? the name and where this trade is headed when "fast money" returns. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. alright, here we go, miller in motion. wha — wait, wait, is that a... baby on the field?? it looks like it, craig. and the defensive linemen are playing peek-a-boo. i've never seen anything like that before. harris now appears to be burping the baby. that's a great moment right there. the ref going to the rule book here. what, wait a minute! harris is off to the races! we don't need any more trick plays. touchdown!! but we could all use more

>> i don't know if it qualifies as fin tech, but i think paypal here is too cheap. think it is building a base around the 185 level if you go back and look this is where we took off from in the fall of '20. but i think sofi, they've gone from 14 to 25 and here we are at 14 again and i think this is too cheap. one of the reasons might be spacs are clearly out of favor i think they get lumped into that category. but i think anthony notal has much better days ahead and i wouldn't be surprised if this is a acquisition of a major bank and anthony running that bank. s so i think it too cheap. >> didn't you pitch paypal recently. >> and i love this one and i bought it not too long ago at the beginning of the month. and one of the reasons is they've embraced the crypto world with wallet and made an acquisition with venmo and they were on the forefront. where they too expensive at 180 i think there is upside and they could grow into a little bit of what they've done because they continue to acquire, mel i love seeing that american express, the reason it has done so well vers

an optimistic josh brown visa and paypal. should i hold, sell or add these?essing group has been very disappointing this year in terms of the overall performance of stocks. it was once such a loved group, but i think as we look to next year and as investors are trimming their winners from this year and looking for a really strong fundamental group that hasn't participated as much in the rally, this could be a group they look to in part with visa as we look at an increase in cross-border transactions, that's likely next year and an increase in travel that should help the company with paypal there have been an expectations reset here that paypal remains one of the fastest growing and innovative companies within this group and next year there is a catalyst early in the year with the launch of venmo as a payment option on amazon which we think should be incredibly good for that part of their business. so fundamentals are still strong here we would look to potentially add to this group and investors will take another look at it. >> pulling back 12% in the last thr

they ordered a handful of companies including paypal and affirms to turn over information. >>> the cdc said there have been dozens of cases of a rare blood clotting associated with the johnson & johnson jab and those who don't want the two dose mrna vaccine can get the one dose. >>> happening today the city of oakland is expected to release the environmental impact report, the report must be certified by the planning commission and the city council for the project to move forward >> and as for the coliseum site the developer showed off their plan. including 30,000 jobs starting at $15 an hour. including construction. enginet security. >>> a street has been trance form under to twinkling display of unity. >> we call it the arch brigade. >> we came up with the plan and texted a few neighbors, and one arch led to five and five led to ten. >> people saw us out now they would assume or guess that we have known each other for years. but we didn't know people on a first name basis. >> we moved in the height of the pandemic and everyone was on lockdown and to come to this block everyone is out

paypal earlier take your pick where you want to go what do you like paypal is up almost $5 today >>interesting to me. this is one particularly as we move into 2022, some of the tech stocks are going to see folks get more discerning. paypal is one of the "star wars". it has a healthy cash balance. it is fighting a lot of competitive fire, whether it's coming from buy now/pay later or other forms of peer-to-peer payments what i like is it has huge white space, whether it's off crypto, it has 319 million users i think at a time when time is innovation and paypal can go into i think it's relative valuation on a tech basis is pretty attractive >> you are looking for value, road blocks, do you like it after the sell-off and you think the future is bright for the company's businesses >> well, look, full disclosure, i came in earlier this year, sort of the sell-off that happened i personally have felt the down jondrop to that. it's a user platform, sitting at the intersection of the community and it's really captured eyeballs of the younger generation that otherwise has been quite hard to r

central provinces. holding 300000 people fled their homes to escape the typhoons destruction of and paypal and as soccer have offered flowers and trade for the victims of a suspected awesome attack. in the japanese city, 24 people died in the blaze which spread from a full full mental health clinic in a night story building. police say a patient at the clinic is a possible suspect photos in chile, a facing a stock choice when they vote in sunday's presidential run off. sheila has been considered one of latin america's most stable and wealthy nations, but have been rocked by protest about economic inequality. polls suggest a neck and neck contests between 2 candidates who are being described as polar opposites. they couldn't be more to france. one is far right, anti immigration politician jose antonio casa, the other. is gabriel bridge, a 35 year old former student leader with a passion for social justice. and they're going head to head in the battle to govern chile, offering different versions, and different hopes for the countries future me. low nika, i am the alternative candidate who wi

only paypal with proof of triple vaccination or recovery from coven 19 are allowed to enter the country now. otherwise, they must present a p. c. r. test to avoid quarantine. health ministers from the g 7 have described. the ami kron variant is the biggest current threat to global public health. and say countries. moscow operate more to beat it. and islands bars and restaurants will close at 8 p. m. from sunday to slow the spread of the army con variant, the measures are expected to stay in place until the end of january. i, let's turn to some other stories making news around the world defense lawyers in the trial of british social aguilar. maxwell have rested their case in her sex abuse trial in new york. the lawyers goya spent 2 days presenting witnesses. maxwell declined to testify calling the prosecution's case on proven she denies grooming underage girls for abuse by the light. pedophile geoffrey epstein. mister russia has reveal details of the requirements. it says must be fulfilled to reach a security deal with the u. s. and nato. the demands were delivered to the u. s. this week

paypal actually drag the index, 18% decline on the s&p 500 year to date.f that has to do with the crypto exposure, the idea that they have accepted crypto as a payment. therefore, when you see bitcoin volatility, paypal tends to get exposed to that. lastly, disney. used to call this the best of both worlds. turns out, it did not help either way. you saw them being about a 14% weight on the index. matt: isn't -- just the auto bs and automatic -- the obvious and automatic choice? dani: i think for new year's you pull out the dom, obviously. matt: heavy hitter. thank you very much for that. i want to get over to the co-chief investment officer at invest net, joining us very graciously on this new year's eve day. thank you so much for your time. really appreciate it. let me first ask you, even though we should be in a celebratory mood, if you are worried about inflation in 2022. we had two guests so far in the last hour tell us they think we could see more than 7% in the first quarter. guest: i think inflation is probably the biggest concern for markets into 2

this is a new position in paypal a lot of people on the committee own it, why do you own it now?ause it's down significantly year to date about 19%, 40% off its highs. revenues are growing at a 20% pace they have massive brand recognition. i use it anybody that shops uses it, scott. they have 416 million global users. bryn actually gave me that statistic and if you believe in the digital e-commerce space which we do, this company has enormous potential there >> okay. we note that, bryn, you own paypal pete, you're pretty active in the options market today and we talked about financials earlier. you bought some citi calls let's start there. tell me why. >> i saw some unusual option activity in there, scott they were going out to march we talked about financials and i liked what we saw there and so when they're buying these upside calls it will trigger for me, if i've got my list out of what i'm looking for and when i saw that i decided to pounce on it. with glaxo, the reason i was on that for a while that was the sector rather than talking about what our projection were for 2021 i

. >> wynn, nucor, bristol, paypal, disney which you're a triple buyer. >> kind of like a triple vaccine american, press and honeywell. >> bristol-myers >> joe, i'm interested in what you think. joe, you are a sports fan. therefore, i think you know the gaming world i was at the giants game and i would have called them the eagles game because we were so horrible and i see these banners and at $9 billion are you getting anything for free when it comes to wynn >> joe's shot is frozen. steph -- >> joe's shot is frozen? >> no, it's not. he's stunned by my question. >> he's a stunned man and not like the islanders who i thought was supposed to be so good. >> they're so bad. >> steph, how about the point? >> i think that they're getting no credit from macao, and i think you're getting that for free i do think their las vegas and boston properties are totally underappreciated they had record ebitda in the month of october in las vegas and no one thought about it and no one wrote about it and it was quite optimistic about the whole sports betting business and they might scale that back because t

we launched in u.s similar to how paypal works.t's important to promote to suggest to buy groceries use debit and also looking at the way we -- it's different. a big limit and spend it and then don't worry pay it next month. we underwrite you for $100 check to see how the consumer uses that and might extheend toa higher amount. the losses are lower and we have more sustainable with a better product at heart that doesn't mean that we can't do more. experimenting with open banking to share the bank account data to us to understand to make better decisions to help them take the right decisions and we're learning as we go but i don't agree with the fact that the product we supply is much more healthy than the banking industry. >> thank you for joining us. >> thank you. >> i think josh brown invests in klarna. >> a fave. >> a private company. >>> more about spending, the consumer and inflation ahead with the head of saks and dri driving moderna lower today. down 6.3%. check out the top searched tickers on cnbc.com. peloton down again af

i'm not buying anything, but if i did want to add to a twilio or paypal which are similar in terms of being a high growth company like roblox, i would have to believe that interest rates are not going to march higher in the near-term and give me a better entry point. i may be wrong in saying this, but i think interest rates will slowly march higher and in the first quarter i'll get a better entry point to add to our existing small positions i twilio and paypal. i'm not saying josh is wrong at all because he's got a fundamental thesis that will play out at least a year.more, but my liking right now is far more to lighten up in the market overall. i'm not buying anything until i see how the first quarter starts out. do interest rates move higher in case the hypergrowth companies will absolutely be attractively priced or does omicron and covid do something to give a growth scare that gives me an opportunity to add there right now i am much more a seller than a buyer. >> let's talk about this outlook on 2022. jim's clearly become more cautious and mr. all in, the moniker, and he explains

so twitter, paypal, spotify.ven, eight sessions ago now it's bounced back to 98. that's a good sign defensive stocks has been leaders recently i'm talking about the cokes and pepsis of the world. you notice they're flat. what we're getting is rotation into the reflation names out of some of the defensive names that had dominated recently this is a very good sign of confidence will we get a rally? remember, it's the last five days of the year and first two of the new year so it starts next week, but it's still debated. you have to believe a lot of things you have to believe that omicron is contagious, but not as dangerous. carnival had good things to say about their bookings the fed, are they going to be less aggressive on inflation if omicron is like the bulls want it to be, then the answer may be yes and that may be one reason we're seeing the yield curve steepen. finally, that fiscal stimulus, it looked dead, but the bulls say we might get a smaller package. so maybe there's some reason to be optimistic about a

likes of paypal is on sale. zoom communications is on sale.here are companies we really like, with good numbers, getting beaten up on the round or try russ variant doesn't make a lot of sense, and they will go a lot higher. in the little swoons, mini swoons, sometimes frightening at times, there are plenty of stalks calming down to levels we really like and more coming because i think we have a little bit more volatility ahead of us because that means more opportunities. charles: interesting with the paypal got a big downgrade this morning. at one point it was only off like a buck or two. maybe that flush out is complete. we're long so i hope so. let me ask you on the downside, real quick, is there a place we start to reevaluate your approach? like okay you say i have to go back to the drawing board? shah, is there a number, a place, somewhere on the downside you get too bad, you have to check everything out one more time? >> great question, charles. i'm already reevaluating. i think in the future era, which is upon us of higher rates, rising

start with paypal, square, peloton and could go through a bazillion. that will be a place to be right now but i'm not so sure how long. charles: gary, phil, thank you both very much. great conversation. coming up, folks from capitol hill. we'll go there. janet yellen is really trying to explain that fuzzy math when it comes to build back better and that agenda. also as inflation becomes a political football, we'll break down the real cost with one of my favorite economists joe lavorgna, along with political commentator deneen borelli. we'll be right back. ♪. i promise - as an independent advisor - to put the financial well-being of you and your family first. i promise to serve, not sell. i promise our relationship will be one of partnership and trust. i am a fiduciary, not just some of the time, but all of the time. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com ♪ ♪ (man) still asleep. (woman vo) so, where to next?

as officials consider new locked down, men is paypal across germany, have been rising to get booster shots preparing for amok ron germany is rushing to get a vaccine booster shot to its critical workers like these firefighters and hamburg before the new cove at 19 variant becomes dominant here, while daily cases are sinking across the country, experts more in the dreaded wave could arrive just after christmas. it's amber and nationalists explanation. it's a rapid exponential increase. i talk with quantity. if you take the conservative estimate that cases double every 3 days, or what scientists and britain are reporting every 2 days. and if you only need a pocket calculator to see that that's extremely fast bonds in a while, vaccines are the 1st line of defense. germany's government is preparing new restrictions for as early as next week, even for the fully vaccinated. like to self not bind to that we will have further restrictions on private contacts. so we're well prepared for the spread of the new virus mutation all over europe was them? oh, it's a huge violin novel pals fight it.

fintech giant paypal, scarlet red that one is down 18% year-to-date despite revenue growth of 18.2%, and pandemic winner zoom grew its revenue 53.9% and even in light of that, it's still falling 44% year-to-date. there have gotta be more emerald s disguised as rubies out there investors have overlooked so let's get to our floor show traders who have been mining a few more me, and you, joining us now, revere security scott full man and the cow guy group scott shellady. what have you found, they look like rubies because they are in the red but you might think they're emeralds. >> well, there are some that are in the red, also some that are in the green, you know, one of the things we look at not trying to catch a falling knife all the time but trying to find things that have positive momentum but paypal and you look at then also visa and mastercard , all of these stocks have been keyed up in fact people are using their credit cards much more often. i think in the future you're going to see them pick-up but again they may not have the luster that we're getting with these semiconductors.

it is not just paypal and square and tesla that embraced it, it is also coke, starbucks, expedia andstay the exchange is the way to play it in my view. it is a little less volatile but it is still volatile, but it also just trades at 21 times earnings so i think it is very reasonable i'm going to stick with it again, it will be a 1% position in my portfolio but it will remain there >> the oppenheimer analyst that made the call upoming up on "por lunch today. joe, to you. is it that it is correlated, bitcoin and coin base. they seem to move together. >> the correlation is present and it is hard to ignore that currently. it is a strong management team brian armstrong i think is an excellent ceo. i think this is a company that ultimately, to stephanie's point, will proffve itself to kn of break the correlation and be rewarded for the fundamentals in play for the company currently for me, interactive brokers is the way i am playing the exposure to crypto i think you are getting the buffet of risk assets you are able to tran sacksact on in the entirety of crypto a little less volatile, le

paypal launched the service called pay in four, allowing people to pay for certain purchases in four, and if you miss one payment the fees can be steep, so make sure you can make the payments. meantime, twitter is banning the sharing of personal photos and videos on its platform without the consent of the person involved. twitter's policies prohibit the sharing of other private information such as addresses and phone numbers. the new policy won't generally apply to large gatherings such as sporting events or protests, but if somebody says they don't want that picture there, they can have it taken down. and then meanwhile, irobot can pick up pine needles and detect loose shoes or socks on the floor, and i am not sure if they can detect the shoe laces. that's where the problem is in my house. it would be helpful if you are upgrading an older model or buying a second one to work with the first one. i have a feeling the whole update is about getting a new rumba under the tree. >> yeah, we need one that can pick up legos. you know what i'm saying, in the middle of the night? >> ouch. >> o

conference spreads across germany, the national health authority is warning that even fully vaccinated paypal, our at a high risk of contracting to run of ours. they've robert coke institute says i'm a grown could trigger i sudden increase in the number of cases causing medical facilities to be of won't. as officials consider new lockdown measures, people across germany have been rising to get boosters. preparing for alma crohn, germany is rushing to get a vaccine booster shot to its critical workers like these firefighters and hamburg before the new cove. at 19 variant becomes dominant here, while daily cases are sinking across the country, experts more in the dreaded wave could arrive just after christmas. it's empress and their smell is excellent, and it's a rapid exponential increase i talk with wanted, if you take the conservative estimate that cases double every 3 days or what scientists and britain are reporting every 2 days. and if i don't know, you only need a pocket calculator to see that that's extremely fast, it's vonda mitchell. while vaccines are the 1st line of defense, germany

in the philippines typhoon ry has killed at least 19 paypal and left massive destruction. one governor says her on a province has been leveled to the ground. the storm passed into the south china save friday night after rampaging through the country's cell than in central provinces. more than 300000 people led their homes to escape. the typhoons destruction boat isn't chalet facing a stock choice when they vote in sundays presidential run off till i had been considered one of latin america's most stable and wealthy nations but has been rocked my protests about economic inequality. poles suggested nick and nick contest between 2 candidates who being described as polar opposites. they couldn't be more different. one is far right, anti immigration politician. jose antonio casa, the other, is gabriel bridge, a 35 year old former student leader with a passion for social justice. and they're going head to head in the battle to govern chile, offering different versions, and different hopes for the countries future. me. low nika, i am the alternative candidate who will face down c

company ceo says he's looking to grow paypal's foot print in japan. adding the global pandemic pushed the world five years closer to an all digital economy. >> number two, samsung temporarily adjusting operations at key china facilities due to a covid outbreak accounting for 15% of total globe al production. samsung notes the adjustment will not impact customers. >> stock three is cal-maine foods. just like general mills, the issue for the egg producer is higher eggprices down about 15 later this month. >> reporter: a new study of those infected and reinfected with omicron have milder symptoms they also found the incubation may be shorter than other strains including the delta variant. >>> harry reid was an amateur boxer and security officer before elected in 1987 he served in the senate three decades and was majority leader from 2007 to 2015 where he helped usher in historic legislation including the affordable care act. he passed away at the age of 82. >> we also lost a giant in sports, nfl confirmed coach john madden has died at the age of 85 by 19

i finally yeah, kath's all the new weapon of choice, apparently for paypal, peddling fake news, at least that's according to the new york times, which claims they are being use is claim plate by websites spreading misinformation . b earth is flat, mark, because sucker book is a little this is a lie. cat to human translation has it works according to the new york times. it has videos and yes of q animals. usually cat have gone while for almost as long as the internet has been around. now it is becoming increasingly clear how widely this old school internet trick is being used by people and organizations. peddling fake information, prefect is say, they are dead serious about your cat videos and even counted the cuties in the past year. a pop media has published videos. keep preaches in 12062 post. across a 103 facebook page. the posts had links to other e. polk media websites. twitter was like, what the fairy tale? ah, a good one. some misinformation. i'm a grumpy cat who was pill propaganda. everybody knows that. we out here bringing down the state and working on his new law information m

it also asks for $140 through paypal, which experts say is a giveaway. the site is not real. if you're making an actual payment for some other government service, you're always going to have multiple other types of payment methods like credit and debit cards. the other side. the email is not real. it comes from a .com address. anything that comes from the government will come from a dot gov address. kentucky governor andy bashir met with some of those affected by the deadly tornadoes that swept through several states. those tornadoes impacted five different midwestern states earlier this month, kentucky was one of the hardest hit states. at least 77 people were killed there. the governor called what happened unimaginable and pledged help for as long as it takes to recover and rebuild. my commitment to you. is. we won't just be here this week and this month. but we will be with you every single day for however many years it takes to rebuild every building. every life. and get everyone as close as we can. two as if this didn't happen. if you're looking for some ways to help tho

the paypal at made clear that the mission crate was there, though the contract itself says how unconfirmed that purpose of the day to store was going to be increased and widened. and the other issue again, to also be live taps i v e o x set business monitoring, as usual, whatever that may mean relevant pandemic, the flavor, the government declined to respond to us directly. but as the story was unfolding the n h, jeff said strict state rules apply to everyone involved in helping in this critical task. companies do not control the data and on not committees to use or share it for their own purposes. at the end of the health emergency, their work will either be deleted or returned to be in a chest. in april 2021 palin to became an official u. k. government supplier, they rule. so sign contracts without european governments, including greece and the netherlands. the health ministries of the world are just, they're such prime targets for this industry. that is, they're sitting on a lot of data. don't know what to do with it. and then suddenly a sales person's knocking on the door saying, hey,

the search for missing paypal in indonesia aisd, java continues following saturdays, volcanic eruption. president joker, which odo is promising to increase evacuation if it's at least $34.00 people have died after mount seminary rapid lexia, brian reports this muddy wasteland of broken homes and ash covered crops, lies in the shadow of indonesia, mount samira volcanoes. it sounded to life on saturday, shooting clouds of ash into the sky, swallowing homes and blanketing entire villages and gray survivors say there was no warning and that many people were killed when i get so after the auction, my house was damaged to the ceiling, destroyed. i opened the door, it was so hot, so i closed the door, went into the house. but then i decided to many and now sheltering and evacuation centers where they given hot meals and a temporary roof over they have. but indonesia, president says a more long term plan is necessary, junko with dodo visited the disaster zone on tuesday. his government will now look into moving homes away from the volcano because of the threat of more or options that up monday

and yeah, you might have them and just have on a post on a plan, the letters will be initial della paypal. them got it elevated. they don't get either key this. hm. which is a monday, there's an element about posted on and thalia came to the us and he will read a final thing call me more discourse. think of me in community met of the out and of premier towards the as this portion foreclosure. i think i mean money skeleton back out on corner postal. less will i don't rely on that. i feel bad about it. others photo bays more than i thought it broke it all foot on a quest. i and i got a mean, and then any ice obvious, i don't, what in days of mean, but foreigners have done this at the atlanta asked. i compet dartford muttered when i'm fin the lot. i mean maurice political so they can look at the last of them in it was just one that's just not enough. know that they may have a whether that is pull soon. a one those international teeth. yes. hello. maurice, cause lucas toppa handle. so can you another one i spoke with duncan, simon maurice 1st it was just on the when last drop us in pretty out

the pandemic has killed almost 5 and a half 1000000 paypals.