edward: you can add paypal to the list of big tech companies accused of censoring customers. business grady trimble has the details. grady. >> hey, edward. conservatives say they're unfairly targeted by the likes of paypal and other big tech companies in the case of paypal, they're accused of suspending accounts of people based on the content that they've shared. >> what happens is the payment processers like paypal will say we're just -- we're not going to process payments for you and that means as a practical matter as a business or nonprofit say in december, which is your big fundraising time, that's life or death for you. that can mean you'll not sur survive. edward: there's been a lot of alleged big tech censorship in the past year and go fund me block add fundraiser for the freedom convoy truckers protesting covid mandates in canada. >> rnc suing google for sending e-mails to spam and gmail. looking ahead to 2023, it could be the year that big tech loses some of the protections that allow those companies to be the aarbiters of online speech with very few legal consequen

. >>> we're taking a look at some of the worst performers of the year paypal is down 62% year-to-datezon down 50%, losing all of its pandemic gains, and tesla down 60% for the year. david katz is a chief investment officer. i can't wait to see where you come down on them. let's start with paypal. >> after the carnage in technology to year, there are a lot of technology stocks that are falling into the value camp. paypal, one of our favorite stocks right now they have a great long-term franchise management that's finally getting it they've got to control costs 17 times this year's earnings, we think the business is going to do well great price. this is something we would be buying pretty aggressively we would also be buying it before year end because we think it's under a lot of tax selling pressure and window dressing we think you're getting a great business at a great price. >> ringing endorsement for paypal >> what about amazon, sort of p paypal-ish >> amazon is tougher to value but we look at it on a price to sales basis and that has gotten down to levels that are pretty attractive

what about paypal? the payment service. what the hell happened to paypal?alking about paypal how they could be functioning like a social credit score. some conservatives had problems with paypal. you can't even pay for sufficient depending on your politics in. we can't watch a video on youtube. you thought that, too? youtube has a long history of censoring conservatives. >> we found out yesterday that dan bongino, me, yours truly banned for life from youtube. >> the video that went viral explaining all this was removed from youtube. >> how did you get blocked from youtube. >> it's easier than you think. i had my accounts shut down six months ago. dan: you can't watch a video on youtube and you can't pay for stuff and you can't microblowing on twitter if you are a conservative. but it doesn't effect search. it does. look at this. it hooks like there was some bias there with google. it always seems to work in one direction, too. the conservative direction. isn't it shocking? here is joe rogue a d rogan andr google engineer in 2017. >> these people that compil

bob bought paypal at $69 brin, you own it how long you going to ride this paypal >> one out of ten fromrading technically i'll give you a six in the long-term since this is short-term investment i'll give you a nine. their last two quarters their free cash flow has been -- the multiples come down so net net i'll give you an "a. i own the stock. we'll add more if it gets a bit weaker from here >> we need more profelsers like you in academia, brin. that's a very generous grading in idaho bought amgen in february of 2017, sold this month at $267.20 rob, you can grade it but i think dennis is just bragging at this point >> sounds like he's bragging, and we can brag, too because we own it >> and good for him. >> we're staying long. we don't think you should have sold it's not the most exciting grower but it's the example of quality in the health care sector great in top 20%, outperforming the s&p by 40%, but it still has an attractive valuation at 14 times. the trade out is a "c. i'm sorry, you should have stayed long, dennis. >> "c" because he should still own it got it finally in grade you

as irs is pushing americans to report venmo and paypal transactions $600 each.schel walker and rafael warnock are battling it it out for the final senate seat. >> in votes actually cast warnock is a little bit ahead. he is not ahead up by enough to be safe so it is up in the air. [coughing] hi, susan. honey. yeah. i respect that. but that cough looks pretty bad. try this robitussin honey. the real honey you love, plus the powerful cough relief you need. mind if i root through your trash? robitussin. the only brand with real honeyand elderberry. ♪ over the last 100 years, lincoln's witnessed a good bit of history. even made some themselves. makes you wonder... what will they do for an encore? ♪ folks, it looks like we're gonna have to land this big old bird earlier than expected because it's the xfinity black friday sale. get the fastest mobile service with xfinity mobile. yeah, we'll be cruising in to get the best price for 2 lines of unlimited for just $30 each per month. oh my! plus, for a limited time, get 500 dollars off an eligible 5g phone. even you in 22c

, paypal, and amex, but they're only bullish on one of them it's block that you like here, kevin.lcome. >> thanks, kelly block stands out to us because it's been able to generate s significant revenue growth particularly in cash app and their square franchise block has been able to produce roughly 126% growth within subscription based revenue over the last couple years. we expect them to be on pace for over 40% growth over the next year and with that revenue growth comes significant operating leverage that i think the market is not appreciating thesis stocks have been under a lot of pressure given fed interest rate increases and other things, but i think that turns around as we move through the next 6 to 12 months. >> should they rename it back to square every time i think block, crypto has collapsed. >> the ticker is sq, so definitely >> true. let's talk about - >> i don't know if jack dorsey is listening to what i'm saying. >> of course let's talk about paypal and the venmo app. kind of a sister story in many cases to what we were discussing but you're neutral there why don't th

. >> there was a time not too long ago that some of the fintechs like paypal and square or block now than some of the big legacy banks do we ever get to those kinds of valuations again does it turn out that maybe consumer habits are really sticky you have savings accounts from the likes of chase and others offering 0.01% apys and you're not seeing this huge move to higher yield banks >> yeah, i think separate the signal from the noise, there's a lot of excitement over finn tech and now the pendulum has shifted the other way. but the underlying trend is still there. these companies, they are the newer tech platforms that offer value propositions, superior experiences for consumers. they're still gaining share. it's just the market's appetite has shifted drematically i think a company like square, paypal, have the potential to be worth more, but valuations have changed dramatically, so it's going to be about ebitda, growing profitability and keeping your eye on more rational decisions rather than growth at any cost we could get there eventually, but this environment is going to put mul

i also saw you put a bullish call buying on paypal. walk us through this. paypal december 75 calls.ah, these expire this friday in fact, charles. so as far as paypal, you know, now it is 71-dollar stock. somebody is betting perhaps it pops four dollars or more by friday. that would be you know obviously welcome news for paypal that has suffered as of late. as far as those cannabis names, those have certainly been in focus and since the election i think tilray and canopy growth, two of the biggest stocks in that space, they're each up 30 or 40% since the election in november. charles: right. >> people are betting there will be some regulation, perhaps even the president taking them off of category 1 or schedule one which is where heroin and some of those drugs are. if they took cannabis off of there, it would be a big one for cannabis stocks. it would be a game-changer and more likely to have more of those stocks pop. charles: right. >> over the next several weeks or months. and that's why i think we're seeing that speculation in those calls. a bet that perhaps legislation gets passe

want to know about paypal. >> paypal has a lot of competition. to buy it because there is too much competition. the mega tech stocks will be able to bounce next time we get a broader index rally a'd i think you might want to use that to pair back on your position. i'd like if you really want to, get a chance to buy them lower on "mad money" tonight, the second best performer in 2022 so what is going to happen in 2023? i'll give you my take. santa claus rallied or not, does your portfolio have what it takes? we're playing am i diversified and the communication services sector, oh, man is that struggling i'm setting you up for next year with two big r"■as i think you should be watching so stay with cramer. >> announcer: don't miss a second of h"mad money." follow @jimcramer on twitter have a question, tweet cramer #madtweets send jim an email to madmoney@cnbc.com or call us at 800-743-cnbc miss something head to madmoney.cnbc.com. it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best pri

first of all... ( laughter ) you can watch movies on paypal?nd, if you can't watch on paypal, what's left? do i have to stream it on grubhub? ( laughter ) doordash? these scandals have taken a toll on the former president's popularity. among his fellow republicans, it's gone from "maga!" to "mag-ehh." ( laughter ) and now some republicans are gearing up to challenge him. former national security adviser john bolton-- remember that guy? that guy says that if g.o.p. candidates won't denounce the ex-president, "i'm going to seriously consider getting in." makes sense. bolton already looks like a president... from 1886. ( laughter ) ( applause ) "that's right! that's right! if elected, all voters will receive a bolt of calico, a late-model butter-churn, and a kick from a handsome horse!" ( laughter ) there's a big story-- in character... not in character. ( laughter ) i do very deep work. there's a big story out of peru, because yesterday, peru's president was impeached and arrested after he tried to dissolve congress. so, you can take immediate ac

we would, our years much is mounted are valid and that he, while mom into the paypal guy, you know, if you don't make careful who a oh a man in a, in my name with a with who is the aggressor today? i'm authorizing the additional strong sanctions today. russia is the country with the most sanctions imposed against it. a number that's constantly growing, but i figure which of the problem was the question, as we speak on the bill in your senior, mostly mine, or wish you were banding all in ports of russian oil and gas food. i mean, i know they franky with a little, you know, we're pretty good regarding joe, by imposing these sanctions on russia has destroyed the american economy. so there's your boomerang. ah, i mean we have 2 choices when we design programs for the poor, for people who are struggling, we can say you need to prove to me 1st you're worthy of my health and then i'll help you. ready or we can treat people the way we treat our families, our children, our neighbors, and say, we're going to help you 1st because we have faith in you. we believe that you're going to do something

and i mean, i'm on the paypal guy. you know, if you don't make careful mm. mm. a resource for a whole new world. we have to see the kind of an engagement with maybe find themselves. well, the more we choose to look so common ground ah, need to come to the russian state will never be. i've started as i'm phoning those landscape div asking him then i'll send them up for a group in the 55 when. okay, so mine is gonna be the one else with will van in the european union, the kremlin media machine, the state on russia for date and school r t spoke that given our video agency, roughly all band on youtube and pinterest and with me, ah ah, you mean, we have 2 choices when we design programs for the poor and for people who are struggling, we can say you need to prove to me 1st, you're worthy of my health. and then i'll help you. ready or we can treat people the way we treat our families or children our neighbors and say, we're going to help you 1st because we have faith in you. we believe that you're going to do something good with that help. and that's what basic income

we went are years much is mounted out of band and then my mama out the paypal guy. if you don't me careful. mm mm. a dish. oh, ah, is your media a reflection of reality? ah, in a world transformed what will make you feel safer? isolation for community. are you going the right way? or are you being led somewhere? direct. what is true? what is faith? in the world corrupted you need to descend. ah. so join us in the depths or remain in the shallows. ah ah, nice to conquer russian state total never. i've stayed as i'm phoning northland scheme, devastation. i'm not getting a group in the 55 been. okay, so mine is 2000 speedy. when else with we will van in the european union the kremlin. yup. machine. the state aunt rush up to date and our t spoke neck, even our video agency, roughly all band on youtube and pinterest. and with lou ah, ah ah, we have 2 choices when we design programs for the poor and for people who are struggling. we can say you need to prove to me 1st that you're worthy of my health . and then i'll help you. ready or we can treat people the way we treat o

me that they reset in different ways you mentioned alphabet i think it is back at q1 2021 levels paypal is way back to q4 2017 levels so are they at different points in their execution in the viability of their strategies? do investors need to be careful about seeing just that they're cheap? is there a reason some of these are cheap? >> well, there are different reasons why some of the names are cheap. in aggregate, the baby has been thrown out with the bath water you look to buy companies with good, long-term prospects. we're still wary about the zooms of the world and the pelotons of the world. but the companies we highlighted here all have very good long-term prospects. we like the management of most of them. we think they have great prospects yet. you are buying it at 15 times earnings we're less concerned about where the levels are back to and concerned about the valuations and the prospects for the next one to two years we think it is a great time to be buying them if you are willing to look a year out it is a painful time to be buying them if you are buying them today. >> yeah. a

i met him personally twice during the paypal visit here. i stood over there when he got out of the car and walked through the crowd. he even shook my hand, but i noticed that already that he was weak. he was shaking, but he still went around and grated people. china's president shooting, paying this call for unity in a televised new year's address. as curb non teen infection saw across the country, asian abruptly dropped its 0 courage strategy. and early december after a series of protests, but trying to handling of the situation has raised concerns around the world. parents, louis reports from hong kong at this shopping mall in beijing. people take a few moments to stop and listen to the chinese precedence new year's speech. she didn't ping appealed for unity as his administration faces criticism at home. but it's handling of corona virus from want to move back. china is so big a country and quite different people will have different demands and different views on the same thing, which is normal where you, it is necessary to build consensu

so i made him personally twice during the paypal visit here. so i stood over there when he got out of the car and walked through the crowd. he even shook my hand, but i noticed that already that he was weak. he was shaking, but he still went around and grated people. canada has become the latest country to impose cobit 19 checks on travelers. some china, where infections are soaring from january 5th, they'll have to show a negative p c r test before departure. canada joins a growing list of countries introducing similar measures. you members are expected to meet on wednesday to discuss a joint response which on his president, she should ping, says, the country is entering a new phase in combating the pandemic in his 1st comments. since the government abandoned it zeroed cobra strategy this month. he call for unity in a televised address. beijing's handling of the outbreak has prompted criticism at home and concern abroad throwing st. louis reports from hong cough. at this shopping mall in beijing. people take a few moments to stop and listen to

it will allow the irs to audit anybody, just about anybody in the country who uses venmo or paypal andipts? if you don't have receipts you owe taxes on what's not income but was cash to you. and it's a very big deal. people don't have receipts for that. and it's going to be a mess. and the irs is not prepared for this. >> grover, thank you for being here. i appreciate it. >> okay. hopefully we can get it repealed. >>> this is this week's poll question at smerconish.com. as paul harvey would say and now you know the rest of the story. should every app report transactions over $600 over the course of the year to the irs? go vote at smerconish.com. sign up for the newsletter when you're there. i'm making a list and checking it twice as to whether you have registered for the daily tphtph newsletter. >>> jobs are dispensing the degree, including google and ibm. is a college diploma no longer a necessity or will this turn when the job market turns? t a payrol, even if f you got ppp and it only takes eight minutes to qualifyfy. i went on their r website, uploaded everything, and i was blown a

with paypal they're taking someone's ability to do commerce away and that's a fundamental right.ls in our bill of rights and how scholars interpret it but it seems forthcoming. >> katie: i think congress with the new majority in the house have to focus on regulating the federal government so fbi, department of homeland security all of these governmental agencies going around the first amendment and working with private companies like twitter and facebook to censor speech, i think that's probably where they have the most leeway in terms of coming up with some solution to this type of censorship. otherwise, it's going to be very difficult for people on capitol hill who don't understand tech and often times implement regulation that makes the problem worse, to really go at this from a perspective that's going to be the better for the consumer than it is right now. >> griff: you know, hearing you sort of lay that out, and i don't want to make a pessimistic prediction for 2023, but, you know, i applaud the republicans, they're going to pull all of these companies not just twitter but

he was one of the creators of paypal. neil: that's right.d a whole story on foxbusiness.com. you can read it. joe lonsdale, who recently converted, david sachs from paypal, internet entrepreneur, silicon valley entrepreneurs. joe told me hasn't been asked yet but he supports what elon is doing. he didn't close the door on it. the full statement is on fox business.com. it was one of knows non-denial denials. the store is still open. the other gentleman, same thing about him. the other problem musk has, i don't know anybody wants to work for him outside. he is so erratic. neil: you have run into that. >> no one wants to work for me. actually that's not true. neil: no, it is not true. >> kids like me for some reason. neil: a love thing. >> i think i will i am it here. everything else i say gets me in trouble. that is my report on elon musk. neil: elon musk. i hate you. charlie, thank you, very good job as always, my friend. >> have you heard about sam bankman-fried? neil: yes. connell mcshane is all over that story. he is joining us right now.

what's leading the s&p 500 today on the upside, tesla, disney, apple, paypal, ford. don't you like it when this happens? herd mentality is not dead on wall street. also, let's flip that around what has been the leadership groups all throughout the month? largely, pharmaceutical stocks like merck hitting new highs and consumer staple stocks like campbell's, kellogg's, hershey has all outperformed ways underperforming, kellogg's, hershey, and merck again, herd mentality on wall street a lot of people say the santa claus rally is dead. as of now, the santa claus rally is very much alive remember the santa claus rally is the last five trading days of the year and the first two of the new year it's seven days. we're four days into it. so what matters is what happens on january 4th at the close. you have to close above 38.22. that was the thursday close. look at that we're well above 3822 right now. if you add one 1% or so, you get close to 3860. we're essentially at the santa claus rally. the bottom line here is, it is very much alive. by the way, kelly, we are now a litt

meanwhile, still ahead, a new irs rule will force americans to report venmo or paypal transactions ashat and while it's only meant to apply to maul businesses, our next guest warns innocent taxpayers are going to fall victim to it. >> ainsley: the president of americans for tax reform coming up next. ♪ >> steve: rover. ♪ ♪ it's what sanctuary could look like... feel like... sound like... even smell like. more on that soon. ♪ ♪ the best part? the prequel is pretty sweet too. ♪ ♪ what if there was a community of like minded people ready to support you when you need it most? christian health care ministries is an organization with over 40 years of trusted care who understands the importance of family. a group that sees you for who you are, regardless of your health history, offering values based affordable health care cost solutions. learn more today at yourchm.org about health care that puts you in control. for adults with generalized myasthenia gravis who are positive for acetylcholine receptor antibodies, it may feel like the world is moving without you. but the picture is changing, w

tom: coming up, the i are rs is coming for your paypal, your venmo payments, now forcing americans tolow as $600. they're coming for me. jonathan hoenig joins me next to el us how far this really goes -- tell us how far this really goes. ♪ ♪ my husband and i have never been more active. shingles doesn't care. i go to spin classes with my coworkers. good for you, shingles doesn't care. because no matter how healthy you feel, your risk of shingles sharply increases after age 50. but shingrix protects. proven over 90% effective, shingrix is a vaccine used to prevent shingles in adults 50 years and older. shingrix does not protect everyone and is not for those with severe allergic reactions to its ingredients or to a previous dose. an increased risk of guillain-barré syndrome was observed after getting shingrix. fainting can also happen. the most common side effects are pain, redness and swelling at the injection site, muscle pain, tiredness, headache, shivering, fever, and upset stomach. shingles doesn't care. but shingrix protects. ask your doctor or pharmacist about shingrix today. ♪ t

maybe paypal or catch app. to know you will have to report any payment of 6 -- $600 or more. what if you're paying someone like you're splitting the cost of a trip with someone, paying a friend back, does that become taxable income? >> not necessarily. this is a big deal and will impact a lot of people. if you provide a service, have a side hustle, a side gig and you receive more than $600 of payments over a year or one payment of $600 you are going to get a tax form. the threshold used to be $10,000. so this will impact more people. to be fair we were all supposed to report all of our income to begin with. but now the irs knows if you make money on the third party platforms. it's venmo, paypal, venmo, if you sell a couch for $600, you're probably going to get a 1099k for this. i talked to a tax adviser yesterday night to understand how this will work. he said this is probably the biggest deal many taxpayers who self-prepare their returns could look at this and say i have income and not realize they have expens

francis with the impression that they've been to paypal for one or 2 eggs in a convent in the data. and the on the court around frances. and so this would be a certain amount of tension between the 2 men, even though francis it himself said he would retire into silence and devote his life to prayer and meditation and music. of course, the only days he enjoyed playing the piano, but i think people remember him as the custodian of traditional catholic teaching. while many catholics concerned about the way the church is changing on the process. 2022 is rapidly drawing to a close and it will soon be time to look forward to what the new year will bring. but it's also time to reflect on the good and bad of 2022 for sun. that means waving good bye to unpleasant memories. and that's exactly what people have been doing at the annual good riddance event in new york time square. i dashing into 2023 after shredding thrashing and bashing 2022. for the people here this year has been one to for guess. they lined up to write down all the bad things they wanted to say. good riddance to in 2022. they

. >> griff: irs is coming for paypal and venmo pandemics for pandemics low as $600. >> ashley: cheryl tell us how far this really goes. you want to see something cool? xfinity rewards is how we go beyond saying thanks. so we're going to spread the joy this holiday season, the xfinity way. take your trusty sidekick to see puss in boots: the last wish what's a puss in boots? he is me. with buy-1-get-1 movie tickets, on us. in theaters christmas. join for free on the xfinity app. xfinity rewards. our thanks. your rewards. as a business owner, your bottom line is always top of mind. so start saving by switching to the mobile service designed for small business: comcast business mobile. flexible data plans mean you can get unlimited data or pay by the gig. all on the most reliable 5g network. with no line activation fees or term contracts. saving you up to 60% a year. and it's only available to comcast business internet customers. so boost your bottom line by switching today. comcast business. powering possibilities. >> griff: the irs is coming for your personal payments to friends and fam

francis with the impression that they've been to paypal for one or 2 eggs in a convent in the data and the other court around francis. and so this would be a certain amount of tension between the 2 men, even though francis in it to him so that he would retire into silence and devote his life to prayer and meditation and music. of course, the early days he enjoyed playing the piano, but i think people remember him as the custodian of traditional catholic teaching. while many catholics concerned about the way the church is changing. on the pope frances author and journalist philip william in wrong, thanks so much. all right, let's get around that. now. some of the other will headlines, veteran israeli politicians. benjamin netanyahu is set to take power as prime minister of a new government like this will mark the 6th time now who has held the office income and government is regarded as the most right wing in israel's history. i think serves living in northern casa will dismantle roadblock set up, due to rising tensions announcement for a meeting of cbs president, alexander roach with et

curious as someone who enjoyed the tradition, traditions of the church addressing in traditional paypal robes speaking in latin, basically, someone very much concerned with preserving the past, in contrast to francis, was very much moving towards the future that his author in journalists, philip will, and in will many, many thanks is to remind the top stores we're following for you benjamin netanyahu is returning to power as israel's prime minister. is incoming government is regarded as the most right wing in israel's history and includes several ultra orthodox and bolter nationalist parties. it is the 6 government form by netanyahu, who is still on trial for alleged corruption. russia passed again launch large scale missile attacks on several regions across ukraine. explosions have been heard in a number of cities, including the capital peeve, where at least 3 people were reportedly injured. authorities in levine, in the west of the country, say that 90 percent of the city was left without electricity after the latest missiles trucks. that's all from me for now. don't forget there's mo

paypal? did i? did they share the president's will to keep defying russia? absolutely. i mean, yeah, people are just more and more getting angry with russia. and i know as a result of those, bob discriminate attacks on the power agreed. people stay a church this christmas without lights in many places without heating, sometimes without water. and these did not stop us for him, but he's wanting to win this war. he me. this only made us more determined of each month and a more supportive of our armed forces. so good pisca for in chief. thank you so much. thank you. the taliban afforded all foreign and domestic humanitarian organizations in afghanistan to stop employing women. they said they made the decision after complaints that some female employees were not observing. conservative islamic dress, the man is the lightest blow to women's rights in the country. coming just days after the taliban bad women from attending universities? ah, the taliban? i trying to release them from public life. but i've gone billing. i fighting back. not letting the taliban crash a dream. in

francis with the impression that they've been to paypal for one or 2 in a convent in the data. and the other court around francis. so this would be a certain amount of tension between the 2 men, even though francis it himself said he would retire into silence and devote his life to her and meditation and music. of course, the only days he enjoyed playing the piano, but i think people remember it as the custodian of traditional catholic teaching. while many catholics concerned about the way the church is changing on the pope francis author and journalist philip william in wrong, thanks so much. when ukrainian trips pushed russian occupies out of house on this november, they were scenes of celebration. but in recent weeks, the southern, the ukrainian city has become the target of intensifying brushing attacks. your friends military says russia $533.00 rockets of civilian targets in the 24 hours. going into wednesday. many civilians fling as russian forces pound populated areas with mortars and artillery care. so as a city slowly, being reduced to rubble, key says moscow is deploy

, and others who pounded paypal, he and one other control that one and try move it in to create electronicy here people don't trust twitter, advertiser fleeing and all the way, even though trying to drive traffic with allowance of hate speech and the rest it's going to backfire if people don't trust the platform and everything else collapsing around him running six companies, working a 12-hour day. we know he's not with all of this clowning around give him 129 hours less than an hour and a half per company to run these companies what's the boring company done except live up to its name where's that tunnel in las vegas and los angeles? where's that fleet of autonomous taxis, production in shanghai and china overall. a lot on his plate with twitter a distraction he didn't need. >> my sense t, there is a core f folks reflected in our poll who like musk because he is so unwoke, and takes on the woke, so-called woke crowd go to c.j. zschau of binance h why is he a problematic ceo in your view? >> seems he had something to do with taking down a major competitor, that c.j., maybe single-handedly,

the paypal breathed a sigh of relief, but with her to mean it is still far off. dangerous from the virus remain. ah, i'm at the out walk into the program. many parts of the united states, a grappling with rescue and recovery efforts after a snow storm lift, dozens of people did. over 50 people died because of the extreme where the conditions that figure is expected to rise according to officials in the us. new york state has been hit hard. the area around buffalo in western new york has struggled with a weather phenomenon known as lake effect snow. that's when cold air passes, either warmer waters, of the great lakes, bringing the region huge amounts of snow for. and that's what buffalo is experiencing right now, along with heavy winds and arctic cult as city paralyzed by a mega storm. buffalo new york is at the epicenter of the blizzard. battering north america. people are stranded in their vehicles and homes as snow pummels the region . the governor of new york gave a sobering assessment of this situation. we have then to a lot of wars together. and this blizzard is the one for the age

but plenty more paypal, the cheering them on that at home. and why dion brokers, boards to ah, the atlas lions defied the odds once again. a morocco is the 1st african nation and 1st arab nation to qualify for a world cup. so my final in that has sent their fans in guitar into a frenzy. oh, it's amazing, it's amazing because no one give to my local to be the final no run audit is that i . c i lost my wasn't too, does it show to the lot, but with the grid it gives game and we look forward to next game does what is amazing is that we, they, we live that this performance we'd expect them to get through to the finance. but now they are and who knows, maybe it just went blank and i believe back in morocco, the streets were feel with support with filling up. it's currently physically made us happy in that area and they remind the death of the jelly of 1986. let me be put together to advance to the 2nd round that you almost are today. it is a different shy, despite the pain of our players out, but many of them have injuries, but they want to know wh

i mentioned nvidia earlier, but paypal, whose market cap was bigger than bank of america at one point. >> i would put meta aside, because that was not a very high initial valuation coming into this year anyway, because that's really just kind of an execution -- a little bit of a -- almost a strategic decision and rebellion by the street. but when it comes to something like the paypals, i think it's sort of a long convalescence is usually the rule for those things, where you have this valuation surge, people realize they're addressing a huge need, realize they're going to be a dominant player, and it's a huge addressable market, and they kind of overpay for it for a while, and you know, a lot of stocks could be like the microsoft from 1999 to 2012 type of rule, which is, company did well along the way did what it was supposed to do but it just never could recapture that valuation >> it also speaks to this idea of a market rotation and whether that's going to be lasting or not, right you saw so many investors move out of these big cap tech names into things like energy, which was such a

paypal first republic fortive. amex, web tech, schwab pick one or two out of there >> yeah, okay. i'll give you one on, i would say both sides align the a stock that we bought recently i think maybe two and a half to three months ago stock was down, you know, 65, 70%, was down from 700 to 200. leader in clear liners big market for them is china so they got really crunched with covid shutdowns in china and it's a tech stock. but also, technology stock came down 25 or 26 times next year's earnings. we think there's a lot of potential, still leader in the field. and if you're looking for a growth name, and it's still growing and aeearns money, that the name we would like american express so the only thing in common is the "a." else at 13.5 times earnings. it's been an outperformer, down only 9% this year. owned it all year. benefits from travel, which, of course, people are doing more traveling. bank has a lot of deposits, makes more money buff interest rates going up they have grown with the millennials and, you know, i would say every generation it's not just a boomer cart, not jus

how they have been looking at venmo, paypal and other third party apps. >> a lot of people will receive a 1099k for money which is really not taxable income. creating your own ultimate feast... ...is the ultimate form of shell-fish-pression. create your own ultimate feast is here. choose 4 of 10, like new cheddar bay shrimp. welcome to fun dining. are you a veteran, own a home, and need cash? you need to know about the va cash out loan from newday usa. it's called the newday 100 because it lets veterans borrow up to 100% of their home's value. not just 80% like some typical loans. that extra cash can make a huge difference in these times of skyrocketing prices. here's more good news: home values have skyrocketed too. that means even more cash! take out an average of $60,000 to pay down your high-rate credit card debt, consolidate your second mortgage, personal loans, and car loans, and lower your payments by $600 every month. best of all, there are absolutely no upfront out-of-pocket costs with this loan. and even if you have credit concerns, give us a call. the va has granted newday au

did the paypal programming it? oh, pass the test it would seemly plas, past it with flying colors. yes. as it keep it under the questionnaire, you must have answered a lot. i'm have to ask if the, the big one, why j. if i said i went to the moon in the sixty's, not because it was easy, but because it was hard. why we doing this again? 50 plus years later. well, i have been asked that many times today. i remember i was a little boy wouldn't region the whole go to the moon thing. and back then i, you know, i was in high school the last time we did this, so spend half a century for me in the space person. i'm ready to get back to work on the mood. but why are we doing it? well back in the sixty's, it was a thing between us and the soviets. it was a geopolitical thing and it had different reasons for doing barely 20 years after world war 2. now we have a capability of doing things. the space in it's not just america and russia. it's europe, it's asia. you see countries like india where you might say, gosh, they have all these other processing poverty issues. they're wanting put people,

now we have various -- paypal. now we have various others that are found around the world. these alternative payment systems have also then become banks. like kiwi bank. mr. hill: le me interrupt you there. have the secondary sanctions, has china complied with the sanctions in your view to prevent union pay from being a global interchange for those mir cards? so to replace the interchange that they were getting internationally from visa, mastercard and american express? mr. dueweke: judging by the russians that are going into finland to use their union pay cards at a.t.m.'s, it doesn't necessarily appear so. mr. hill: that's an area we should talk to treasury about, vis-a-vis sanctions and from a compliance point of view? mr. dueweke: correct. i still think it speaks to what the last two speakers have described which is the cbdc, china, russia, the bread countries need that, one of them, to have a big system much more than we need to have a cbdc. they need a way to do trade amongst themselves. they have these messaging systems that they can use. the big alternative payment

going into effect have gone into effect and all these things $600 or more on venmo and zelle and paypalhave to report it to irs and many are saying this is an invasion of privacy and this is enough to pay 3% credit card fees or a small murder toll save that kind of money and if so -- hurdle to save that kind of money and if so, is paypal still a viable investment? >> it's a good question because the p to p systems where you can send money to someone over venmo or zelle have been popular for the gig economy and pay landscaper or babysitter that way. you're right, many of them let's be direct haven't necessarily been reporting all of that and now that reporting is, you know, coming under scrutiny of irs amongst other things and so we'll see. that may mean that there's less -- i don't know frankly that it's going to move people off of those systems because they're still very convenient and, you know, very simple to use. what are they going to go back to using cash? that's what it is, cash or checks. charles: i got you. buy now, pay later. huge black friday spike big time. here's the proble

so my question is do i buy more ticker pypl or just hold onto the paypal that i have -- >> i want you to hold on the margins have been hurt here. i am not sure how quickly paypal can come back because there were -- it had a growth rate that was dra mmatically decelebrated not a great situation. guss in virginia, guss >> caller: jim, thank you for all you do for us in the retail world, my friend. >> thank you very much let's go to work. >> caller: my question is on a company that reported a great earnings beat last month you had their ceo on the show and you thought the take away should be the stock goes higher but the last two weeks it's down a lot. i'm wondering what is going on and if you think palo alto networks is still a buy? >> i like panw a lot of high profile, high multiple price earnings multiples have come down but remember, he's done the pivot. they're profitable and i think they're good and i've got to tell you, i did a lot of work with data dog and said thi morning that look, they're not making money but the cash flow is great and may be best in show there is three workin

that is big burden to the average person who uses apes like venmo or paypal or get project from on thel income. you could endp audited. what do the new 87,000 new irs agents going to do? going through peoples 600-dollar things they sell or buy in their household. we were promised the tax bill was only going after the super-rich. $600. they're targeting you and me and anyone who is on-line paying. >> reporter: the irs now wants to know whenever you get more than $600 in goods and services in one of these payment apps. the companies required a tax form to report it to the irs as income. this is because of a new rule in president biden's american rescue plan that changed the reporting requirement from 20,000 total in gross income from these apps to just $600. if you're running your business solely off of these apps you're probably already reporting this. this is big change for people who used it to make money on the side. we'll be right back. .. i've never been healthier. shingles doesn't care. but shingrix protects. proven over 90% effective, shingrix is a vaccine used to prevent shingle

bought 50 shares of paypal and have a stock loss at 68. looking for a 12 to 18% pop before i sell.you think of the trade >> i like the trade, jack. and paypal which has come down significantly like 75% from its peak has been one of those battered darlings. if it goes up 50% it'll be 85, that's still down, you know, 70% from where it was. the stock trades for under 16 times next year's earnings so we think that's a reasonable buy and i hope you don't get to your loss stop. >> okay. blair says this is a trade for farmer jim i bought qualcomm at 170 and now at 122 now blair is wondering what should i do because it seems like a loser >> well, blair, i think you're going to make money on this and i think you should stick with it basically earnings have come down on the back of what's been going on in the smart phone world which is basically a demand decline, china has a lot to do with it, but the main point i'm driving is that is temporary. it's the automotive application, it's the industrial application. so this over the coming 12 months should earn about $12 a share. right now it's tr

what the democrats did was say if you get $600 in the course of a year through paypal or venmo or anyf the various areas, ebay, so on, that the company is going to send it to the irs that you got $600 or $700, whatever it is. you have to prove it is not income. maybe you were splitting rent. maybe sending money back and forth between family members. any number of things. or you sold an old motorcycle that cost you twice as much as what you sold it for. but unless you have the receipts for all of the things that you're selling at some point, you're going to be hit with a note from the irs, you owe us money on this, how would you like to be audited? tens of millions of these are going out. it's a disaster. the manchin bill is not getting support now from hagerty, what they're going for instead, a one year delay of this so we can kill it next year. that is both -- elizabeth: it's a nightmare. >> two women, senators and congressman from west virginia putting that forward. elizabeth: it is unbelievable, paperwork nightmare. congresswoman cammack, grover norquist, thanks for spending time w

: lay out what the changes are to the transaction reporting process for these apps like venmo and paypalu have to have payments of $20,000 to fill out a 1099k. the new threshold will be $600. a number of transactions a year to trigger reporting used to be 200, now it's 1. president biden pledged he was going to go after high income earners and corporations to get more tax money. looks like he's going after middle and lower income earners here. >> yeah, i don't agree with that particular rule, so i've actually co-sponsored legislation to radcally increase the threshold and today i'm asking leadership to include some delay of the rule or increase in the threshold on a bipartisan basis, as part of the year-end spending package, john. >> john: why don't you agree with this? >> i don't agree with it. a lot of people receive a 1099k for money which is really not taxable income. so say that you actually got a taylor swift ticket somehow, miraculously, and say you actually resold it because you could not attend a concert. well, most likely you did not have taxable income because the price at whi

and if you use paypal, then no, facebook marketplace, step up or any type of payment system, you lefttronic paper trail which the irs now follows and you're going to get a 1099, that is a form from the irs, telling you think know about those transactions they really want to know if you been getting extra income and he will have to explain coming your financial life, in detail and buying and selling on, keep all documentation, because they are not following exactly what you are doing and he gets kind of bizarre, suppose you hold a garage sale, you still household items, usually for a lot less than rich about them for, but the irs just sees that his income is on keep all of your receipts, to prove that you made a lot under loss this was supposed to be crackdown on taxis but what is really going on is there going after small business and socialist bernie sanders, still the chair of the senate budget committee and socialist elizabeth warren, so since on senate banking committee, they have absolutely no time for business an event, hit is just a cash cow and so now, they are milking any pos

wants to know whenever you get more than 600 bucks in goods or services in payment app like zelle, paypalu have to report it to the irs because of income. this is new rule in president biden's american rescue plan changed the reporting requirement from 20,000 total in gross income from the appses to $600. now some democrats are having buyer's remorse and want to change the rule retroactively. >> i don't agree with it. say you actually got a taylor swift ticket somehow miraculously. say you resold it because you couldn't attend a concert, so you actually experienced a loss. >> reporter: if you were using the apps to run your business, likely already reporting this as income to the irs. this really impacts average americans that were using these apps to get a little extra cash on the side. liz. elizabeth: hillary vaughn, what a story. welcome to the show former labor secretary nominee andy puzder. what is your take on this? going after the little guy, the pentagon, okay the pentagon can't keep track of two trillion dollars in spending, more than a quarter of a trillion in covid relief money