paypal is not crypto billing for crypto, i think paypal is an amazing moment where you are doing forbody sitting across the board. and putting dollar supremacy, a dollar back coin, digital dollar coin, on the emerging markets, paypal is one of those u.s. financial institutions where you actually use it more to order merchandise and to have services across the board. i think adoption is already there, 450 million more accounts and how the -- have the capacity to pay using stablecoins. caroline: just a follow up as i stepped all over ed's question. as it remains its -- is it remittance? we have argentina, a country that has huge instability in its own currency on the back of political headwinds or concerns and a lack of security as it stands. i'm interested, is remittance what it will be for paypal? >> i think that there are three big places where this will completely change. the first is repayment system, and who are you have u.s. currency going into these areas where you are ordering stuff all over the world, instead of waiting for 3-5 business days were looking at your verification

sonali: we talk about the paypal mafia all the time.t surprising to see paypal be the first to come out and make a stablecoin announcement. they are also working with paxos which is a longer stablecoin issuer and is regulated heavily in the united states. they are trying to get something off the ground in a way that's already regulated and well known by the regulators and it makes sense especially because if you think about the way stablecoins are used as an on-ramp/offramp and on the people the house financial services committee trying to proceed with a new bill for stablecoin legislation. a lot of movement on that front but unclear what the endgame is. paypal has 430 million users that are right for the taking when you think about the movement to digital payments. ed: the basics of stablecoin is a crypto token that's pegged to a real asset like the u.s. dollar. is that the case with the paypal stablecoin? sonali: it's fully backed by u.s. dollar deposits, treasuries and cash equivalents. it will be interesting to see how that works ov

new ceo shulman will remain a paypal director until next may.hriss being hired was a result of the process where the board interviewed nine ceos. they reduced that pool to four candidates and then they chose mr. chriss members of the board selection committee tell me he impressed them with leading a division that contributes to half of intuit's revenue he did oversee mail chimp. it's owned now by intuit, run by him. they believe his focus on small and medium-sized business at intuit will position paypal to fulfill its growth ambitions shareholde shareholders in the company, they haven't had a lot to cheer about for some time. the members of the board search committee tell me they met with roughly 20 investors as they conducted the search for paypal's new ceo that dud include elliott management as well, jesse cohen, who runs activision there. i'm told that firm had no role in the actual search and guys, you know, we all can see the mountain that paypal climbed. i think it hit a $350 billion market value shulman has been under pressure for some ti

paypal is playing catch-up there are plenty of other stablecoins out there.. circle, usdc, about $25 billion. these are mostly used to make it easier to trade cryptocurrencies it's easier to get in and out of a trade. on the payment side, they don't have the price volatility you see with bitcoin, which makes it a lot more attractive for buying things like a cup of coffee, for example. >> and i wonder, is there any other type of transaction flow that paypal would hope this gives them more access to? or is it just about facilitating dealing in crypto coins themselves >> so, that's the way it's been used now so, people really use it on exchanges. if you want to get out of a bitcoin trade, instead of cashing out into the banking system, you can just keep it on the exchange that's really where these have gotten a lot of uptick for paypal, though, you can see a world where they start using this on venmo. they'll start rolling this out in their internal systems. it will make it potentially faster and cheaper to operate within that paypal ecosystem, and then they cou

you talked about paypal earlier in the segment.pple is eating into that with apple wallet right now and diversification of revenue streams is getting unnoticed. >> another a is on your list. you sold adobe on july 27th. now you bought it back. >> yeah, we're actually buying it back roughly where we sold it. this stock has held up extremely well through all this volatility. we're doing a couple of projects with outsourced marketing companies. i like where adobe is positioned across the space and creativity. momentum behind this name has done really well, too. >> and lastly a name josh knows very well, and he can opine on it after i bring it up, oracle, the new buy. why? >> yeah, oracle is a new stock. it's done tremendous this year. they're arguably one of the top earnings beats this year, have done well since that june report. have held really well out above there. i'm trying to find the companies that have done really well in earnings this year, maybe not apple so much, but i think the momentum will be there. the measured down sid

i want to own paypal here.m not even going to go in the direction of -- it is fun to trade -- the ecosystem from the paypal launch, this one is up 2%, but that is a good point about institutional ownership. kind of the flip side of robin hood, also reporting after the bell jowl was the best month ever for the stock, up 52% year-to-date, but down about 70% from that ipo price. we'll see how consumers traded equities, and crypto, as both resisted the threat of major downturns. and lower volatility environment. what do you think about hood, jeff >> back in chicago, we talk about selling. this is a sell, and i don't like robinhood. the largest fine ever was delivered to robinhood of $70 million. prior to that, they had fines for misleading, outages, tens of billions the s.e.c. was a $65 million fine so robinhood, we can applaud the fact that it is up 52%, but it's $30 off from where it was the ipo at $38 so you see a move here, but if you look at the relative strength index in july, it was overbought you'll see it

. >> paypal eked out a revenue beat we'll start with paypal.e beat in the second quarter. earnings were in line with expectations, but pressure on operating margins is really overshadowing the strong consumer spending paypal saw margins were below what paypal had guided to. this is from the credit portfolio on the small business lending side for paypal. they increased loss provisions there. ceo dan schulman telling me that we have losses under control, as he said. we've taken those provisions and those will play out, you'll start to see acceleration in our operating margins as we exit the year expects 100 basis points of improvement. schulman also saying on the call that e-commerce is recovering, as consumers spend more on retail, versus travel and entertainment. paypal's guidance was brighter than expected. also just saying on the call that paypal is in the very last stages of the ceo search so, that's been a bit of an overhang on the stock. uncertainty about who is going to lead the company. onto robinhood, dropping here afterhours, despite r

paypal has a lot of competition from apple and others. wolf research says it could be a driver for shares to stabilize chriss' experience in small business space and acquiring assets is key to paypal's strategic objectives they're hopeful for him to drive monetization some are cautious about his experience in software as opposed to payments and e-commerce still a show-me story, guys. >> absolutely. kate, thanks. >>>al lan ratner joins us on why he says new home prices are likely close to bottoming. we'll get into whether now is a good time to buy despite rates hovering near 7% with gold bond... you can age on your own terms. retinol overnight means... the smoothing benefits of retinol. are now for your whole body. plus, fast-working crepe corrector diminishes wrinkled skin in just two days. gold bond. champion your skin. wow, you get to watch all your favorite stuff. diminishes wrinkled skin iit's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's cal

you will be able to send value venmo to venmo paypal to paypal. we will not up to external parties.stablecoin to be able to be easily except by crypto exchange's and the apps and wallets will see more and more of that going forward. so that it is an easier total bid in a more ok ecosystem. >> i'm just wondering why you would want to be first. are you worried about other regulation. >> i don't think we are worried about going first. we take our structure very seriously. what we are doing here when we think about the stablecoin, we think of it as an extension of the paypal balance. what we're doing now is increasing the value proposition and making will outside the paypal constraints. one of the reasons we went to new york is that there is a solid framework for stablecoins. >> in terms of the interest income you will generate from the stablecoin, how do you split that? who gets how much? >> the leaders of the commercial regulation, we think historically it has been the way in which stablecoins get monetized and that will continue to the case. this is a high-margin revenue stream. over

if i were doing crypto right now, i'd switch to paypal.u go that's what i would do >> all right >> let's get the opening bell here at the cnbc realtime exchange at the big board, it's a manufacturer of graphite electrode. celebrating its fifth listing anniversary. and at the nasdaq the winner of the chicago innovation awards, recognizing new products, services, and companies in chicago. as we get some decent breadth, try to work our way back to 4,500. on friday, jeff degraaf said, maybe consolidate to 4,300 >> i think that could be look, wilson book, morgan stanley, talking about how the macro blew it. but a piece from goldman-sachs says it's a stock picker's market individual companies are doing things so it's not good to look at the s&p i thought that was a great note. i have individual companies on all the time, and i just tell you that they're doing so much better than the aggregate. i thought that -- is david on today? >> kostin? >> he was so good. he really spent a lot of time looking at the individual stocks, which i loved. now that

meanwhile, paypal has launched a us dollar stablecoin, dubbed paypal usd, it is fully backed by the americanrt—term us treasuries. the move makes paypal the first major financial tech firm to embrace such digital currencies for payments and transfers. stablecoins are crypto tokens pegged to a stable asset and are currently mostly used to trade for other cryptocurrencies. a homegrown label here in singapore is looking to expand its global footprint in the nightlife scene. zouk pain in the clubbing scene here and 30 years later is looking to venture overseas. we caught up with the company's music plays. suddenly at 32 years you have people who have the, our founding fathers and founding mothers of singapore who have clubbed in the same brand is now their children. honestly, it was extremely daunting. i think i had a huge imposter syndrome i think in the beginning. lee is still a legend in the field, he basically brought house music from a beef and took this warehouse which became so iconic. when i saw the brand and i took that kind of emotional connection to it, realise that we needed to have

in other news: the online payments giant paypal has launched a us dollar stablecoin.erican dollar and short—term us treasuries. the move makes paypal the first major financial tech firm to embrace such digital currencies for payments and transfers. stablecoins are crypto tokens whose value is pegged to a stable asset and are currently mostly used to trade for other cryptocurrencies. publishing giant simon & schuster is to be sold to a private equity giant for $1.6 billion in cash. the deal with investor kkr marks the likely end of a years—long saga for owner paramount global, which had been looking for a buyer for the book company since 2020. competition concerns had scuppered a previous deal, which valued the firm at more than $2bn. italy's cabinet have approved a 40% windfall tax on banks profits for 2023, with the money, thought to be in the billions of euros, set to be used to help mortgage holders and cut taxes, according to the deputy prime minister, matteo salvini, who criticised the banks for not passing on higher interest rates to savers. the italian governme

but because of the paypal visit, it's southern the own needs. why now it's really cynical to live with english. we had sold the whole police report less crime in the sarah seen a neighborhood these days. poverty is still very much prevalent. well, many here are hoping that the pope's visit will bring attention to these issues. all those things that it's no kill for the deeply entrenched social problem stop assist of all the low income areas in lisbon have been struggling with the rising cost of living. hosting the paypal visit has run into tens of millions of dollars with a 1000000 extra people expected in the city. those who rely on the social services of finding it more difficult to access the help they need. living on the streets, those most in need have found themselves being cleared out of areas without support . 27 year old shayla who didn't want to be identified has been living on the streets for a year. she placed her 2 young children in state care for their own safety. while she works every day, she's unable to make enough money to affo

paypal visit keeps most of them on flow funds. any mice were human beings going to animals, we're on the streets because of life to constance. it's not because we are drug addicts. all of us here has jobs with all the money that's being spent on the pope's visit. they could have a, those of us living on the streets, the reality of societies most vulnerable, with nowhere to turn to struggling to find hope. so nick, i eagle, i'll just 0. there's been the police and broken up, arrested 5 green peace activist who climbed onto the roof of a house owned by the prime minister in yorkshire. and the u. k. active is draped black flags to protest against the expansion of oil and gas exploration in the north sea. but she, so not wasn't at home in yorkshire because of the on he's on holiday. john hall is in london. how was this able to happen? you ospital? remember, this is not his primary residence, or indeed his secondary residence. the problem is to lives at number 10 downing street. the family also has a london residence. this was recently

the agency one paypal as long as the stable coined digital currency. this back by the us dollar. the debut of paypal, usb comes as the crystal currency industry, faces hard times, trouble by the meltdown of f t x and the growing number of legal cases against the branches. biggest exchanges. well, the us state of texas has become something of a poster child for clean energy projects. it's already the biggest bruiser of wind power in the us and it's well on its way to claiming that tougher solar energy to but not everyone is a fan. our porter met a campaigner fiercely opposed the plans to build a massive solar farm. your, his families land. everything's bigger in texas. they say no doubt when it comes to renewable clean energy. this springs to no other place in the us as more wind and solar energy plans and projects in the so called lone star state. so far so good bucks is about what makes texas interesting is 95 percent of the land in texas is privately owned. 83 percent of that land is work in the past. those large blue areas landscapes, huge privately owned farms and cattle ranc

kvue's james torres live at paypal park in san jose. 500 soccer fans were there for that very early morning in the dark match and james, i think your 7:00 hour reaction to this loss was my favorite. i felt the same way . i'm waiting for the replay to happen. you can imagine several fans, any soccer fan watching this match, i mean, they walked away, walked out of paypal park , extremely heartbroken here. but when it comes to actually being part of the community, watching it within the stadium, they said they really enjoyed it. i mean, this is probably the only mass large watch party in the entire bay area because for the most part, any other bar or establishment that would have some of these watch parties wouldn't be able to do so because of that. 2 a.m. kickoff time. so anyone who came here today say says they had a lot of fun. about 500 fans packed paypal park, home of the san jose earthquake. many people stuck around the entire 90 minutes of elation. plus the extra 30 minutes of extra time and then seven rounds of a penalty shootout.

not from paypal, just overall. part to combat that. we want to stop the bad actors.e also want to enable our customers. we had to quickly give it to deal with that sophistication while ensuring the good customers that needed that belief could get it. >> brian, the view from treasury. >> you see the explosion of -- in terms of payment opportunities to move value across the globe has exploded. >> mobile money, mobile payment systems. that obviously creates opportunity for cyber enabled crime. we have seen an explosion of ransomware, extortion, particularly in the united states but globally we have seen the proliferation of these dark debt markets where drugs and your id, your credential and private information is sold again to facilitate ongoing finance criminal activities. i think we recognize this actor could be anywhere in the world. the one thing i have seen our government do and continue to do well is push for international solutions to these challenges. >> thank you. great to be here. if i could expand that question to 10 years ago. i sat on the stage. we talked

paypal visit keeps most of them on flow. sums, any mice, we're human beings going to animals. we're on the streets because of live circumstance. it's not because we are drug addicts. all of us here has jobs with all the money that's being spent on the pope's visit. they could have a, those of us living on the streets, the reality of societies most vulnerable, with nowhere to turn to struggling to find hope. so nick, i eagle, i'll just 0. lisbon tonight, jerry and i'll with the president has met the union leaders on the 1st day of a nationwide strike. thousands riley, dr. the government, the end of the fuel subsidy, sending the price of petrol and all the good, soaring off when it was, report from the capital, a boucher it's been a while since workers and i did have been on the streets to protest patrol prizes of sort along with other costs after government discussing fuel subsidies, trade union leaders say earnings no longer keep up with inflation. that went to the reversal of government policies. the miles is that the federal government to remove all the sufferings. oh, my de

paypal visit keeps most of them on flow funds. any mice were human beings going to animals, we're on the streets because of life to constance. it's not because we are drug addicts. all of us here has jobs with all the money that's being spent on the pope's visit. they could have a, those of us living on the streets, the reality of societies most vulnerable with nowhere to turn to struggling to find hope. so, nick, i, eagle, i'll just 0. there's been the routing putting in some bottom ways being accused of on demanding the potential for free and fair election day for this month. the human rights watch investigation says donald p. s. as linked to violence, intimidation, harassment, and repression and apologies accused of recognizing the justice system against opponents. the presidential and parliamentary election is due on august the 23rd. the policy has not responded to the allegations sofa. well, let's get more on this now. we are joined by ash when he bhutto shultz, she's the deputy director of the applicant division as human rig

i tried writing to the ceo of paypal . i wrote to the ceo of paypal.ry which way to try and appeal the decision to try and find out why they'd closed my accounts to try and get some kind of explanation. and did they did they tell anything? kind of explanation. and did theyonlythey tell anything? kind of explanation. and did theyonly thingell anything? kind of explanation. and did theyonly thingell would hing? kind of explanation. and did theyonly thingell would tell? the only thing they would tell me that one of the me is that is that one of the accounts? wouldn't say accounts? they wouldn't say which one had breached the acceptable use policy and that's the size of war and peace . that the size of war and peace. that was really unhelpful. nobody reads the terms and conditions. it was like , you know, and it it was like, you know, and it was which bit of the was like, which bit of the policy, which chapter at least , policy, which chapter at least, you it's 100 chapters. you know, it's the 100 chapters. and so when i discovered that there no real right

the release of paypal's new steelken has caused a large number of opportunistic registrars and fraudsters are taking advantage from the current hype, fake tokens must be defrauding investors. dex screen roads, a decentralized researcher of exchanges , shows that nearly 30 new currency pairs with the symbol pwc have been created. these fake tokens are in various blockchain networks, including the smart chain with this ethereum is the solution of the second layer of the coin produced. the real stablecoin was created in november 2022 and its authenticity can be confirmed through its contract address . cannot be a token sell theirs. the federal reserve announced a new program to monitor the activities of the country's banks in the field of cryptocurrencies . this program does not change any laws in the field of digital currency banking, it only specifies how the central bank will monitor and transactions. puts digital currencies under the supervision of the federal reserve experts in the field of digital currencies will work alongside regular supervisors. those who issue, store or trade stabl

i tried writing to the ceo of paypal . i wrote to the ceo of paypal. every which way to try and appeal the decision to try and find out why they'd closed my accounts to try and get some kind of explanation. and did they did they tell anything? kind of explanation. and did theyonlythey tell anything? kind of explanation. and did theyonly thingell anything? kind of explanation. and did theyonly thingell would hing? kind of explanation. and did theyonly thingell would tell? the only thing they would tell me that one of the me is that is that one of the accounts? wouldn't say accounts? they wouldn't say which one had breached the acceptable use policy and that's the size of war and peace . that the size of war and peace. that was really unhelpful. nobody reads the terms and conditions. it was like , you know, and it it was like, you know, and it was which bit of the was like, which bit of the policy, which chapter at least , policy, which chapter at least, you it's 100 chapters. you know, it's the 100 chapters. and so when i discovered that there no real r

we've got paypal here developing their own stablecoin.eeted with this statement from house financial services committee chairman patrick mchenry. he said this, quote, this announcement is a clear signal that stable coins if issued under a clear regulatory framework hold promise as a pillar of our 21st century payment system. then the next day the fed struck back. so look, charles, we're seeing the federal reserve get involved and guess what? it's sort of unimaginable that the federal government would get involved in this business but that looks exactly like where we're going. back to you. charles: no doubt about it, thank you so much, gerri. i want to bring in josh rosner graham fisher coauthor of these are the plunderers, how private equity runs and wrecks america. josh, i can't wait to talk about your book. let's pick up what gerri was showing us. the battle lines have been drawn. we understand why governments want to protect fiat currency. by same token we understand why consumers like the these are used in china not only as transactio

paypal naming a new head honcho, as charles schwab comes back down to earth. all the moves in the financial services space next. >>> plus, crude reality. oil off its highs, as concerns grow over growth in china. so, where are prices headed next we'repumping into the energy trade ahead. you're watching "fast money," live from the nasdaq market site in times square. we're back right after this. >>> welcome back to "fast money. paypal getting a push higher after announcing a new ceo a senior executive at intuit will take the reins next month he led intuit's acquisition of mail chimp we have some clarity here, dan >> i'm not into it >> oh. >> i'll just say this. this company, and we talked about it a lot after they reported earnings, another gap, two consecutive gaps in a row, and investors in fin tech don't care about valuation the way they didn't care onnen the upside about a year and a half ago to me, that sort of clarity -- i am into it a little bit, i think is pretty good, it's a good fin tech sort of transitional sort of leadership, so, to me, again, i think

paypal was about getting a cheap entry into e-commerce. if you look at paypal, they had 13% growth last year which is about their long-run average. they're expected to turn in 19% growth and that's with margins that are continuing to get hit because they're having more and more flow on venmo which is a lower margin business and i think a lot of folks are punishing them for that. but their forward earnings are 11 times. for 19% growth. and i think that is -- i still think that by the time we get to the end of the year, right, by the time we head into the super bowl which is when this time horizon ends, we will possibly have seen another rate hike. we will be at the end of rate h hikes and we won't see any kind of meaningful rate cuts by that point. the high valuation stocks are going to be vulnerable and this is one that's going to continue deliver despite apple pay, you know, competition and despite margins. they're still going to turn in 18 to 19% profit growth 11 times. believe me, they're going to be investors that are going to sit up a

following that, treasury and justice department officials join paypal's executive vice president to talk about financial crimes. you can watch on the c-span now video app or online at c-span or. -- c-span.org. up next, former michigan republican congressman fred upton talks about the indictment of former president trump and discusses his support for a bipartisan group called no labels, exploring a campaign for a third party candidate. welcome to washington post live. i am the reporter here at the washington post. our guest is former republican from michigan it, fret up in. -- fred upton. welcome back. fred: it's nice to see you. host: let's get right to the news. donald trump was indicted for a third time on charges that he tried to disrupt the 2020 election. you said this was totally justified. your vote to impeach mr. trump for those actions, why do you feel vindicated? fred: we saw it firsthand. those of us that were there in the capital that day casting the vote at 8:00 when the house came back because of the insurrectionists that were there. the bottom line was he really did try to

but because of the paypal visit, it's southern the own needs. why now it's really cynical to live with english. we had told the police report less crime in the sarah seen a neighborhood these days. poverty is still very much prevalent. well, many here are hoping that the pope's visit will bring attention to these issues. others think that it's no tool for the deeply entrenched social problem stuff assessed on the low income areas in lisbon have been struggling with the rising cost of living. hosting the paypal visit has run into tens of millions of dollars with a 1000000 extra people expected in the city. those who rely on social services are finding it more difficult to access the help they need. living on the streets, those most in need have found themselves being cleared out of areas without support . a 27 year old sheila, who didn't want to be identified, has been living on the streets for a year. she placed her 2 young children in state care for their own safety. while she works every day, she's unable to make enough money to afford rent. t

but this is toxic. >> among the movers today, paypal is pretty much in line on eps and revenue.ey do reiterate the guide. final stages, jim, of their ceo search >> i don't know. i mean, they mentioned that they have some losses we don't want to hear that we want to hear what tim cook has to say tonight the buy now, pay later at apple, i think, is really killing everybody, and paypal -- the ratchet down in growth here is so severe that you're going to think it's a commodity and now, i hate to say that because i think a lot of us got involved in online spend with paypal, but it feels very kmod thais and no, i'm not there. can't find a bottom. >> clorox is the move today about the beats, organic up 14 more about just the tone of the tape right now >> i think it's procter-like in that they are -- their costs are good the brands turn out to be better than expected. there's a little twist where there's a division that was vitamins, which has been a bad division, and they kind of moved it over to another area, which i got to find out tonight when i speak to linda, are they getting out

products for paypal.three year low last week. executives called out what they called competitive pressure in north america related to higher rates. but it was called a euphemism for pressure saying paypal likely helped in the decline of addyen. you have adyen dropping down 21% from a year ago. privately held stripe also operates in this space. you have fiserv, pace and block now subject to the price wars. >>> appreciate that. >>> 4515 here, pairing away some of the losses in in august. this is the highest level right now since august 10th. all sectors have gone green. industrials lead you, vix near 14 ckn mont. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. >>> g

the other day, i said, paypal, you want to buy this thing, do it with calls. define my risk, that sort of thing. i'm attracted to the things that trade like crap, because they trade at good value, and i can see a scenario where this stock could come back and be a real force. and if you look -- i don't get it to me, it looks like a buy here. >> i loftve optimistic dan. >> i'm optimistic, but -- >> did you change at all on paypal based on the quarter? >> no. i mean -- you know, just buy it again. it's fine. it will fill in the gap. listen, all these stocks that are good names with good -- they fill in their gaps, people that's why you don't always have to be set up in front of the earnings, if you are trading that sort of thing we do it with snap all the time. it will fill in the gap. pinterest, always fills in the gap. >>> coming up, bonds shorting bonds no, not 007, but a billionaire investor making a big bet against long-term treasuries does he have the golden eye for the move >>> and we'll talk to the chart master and where he sees rates h heading, when "fas

it is under fierce pressure from paypal in the united states.hink that took a lot of investors by surprise how fierce that competition is and how much it affected them. they have some leadership transitions happening at the top. they only, european company. they only report every six months. so we're probably looking at, if you can hang in there for six to 12 months -- charles: of all these names there is no urgency to buy it, would you say? would you wanted to wait for the next earnings report if you don't own it already? >> exactly. or wait until we see what paypal does next quarter, a little bit later this year. charles: you have outperform on paypal. i threw in the towel on that. i took a big hit and square. you like square still? >> look, block, they have been struggling this year understandably. they're small business business, back to the small business point has been decelerating but the overall performance, they cheap keep beating on the overall performance and committed to improving the underlying cash flow of the business and all the

the sign on the truck reads today we collect paypal, but they also take everything as from our, the bins. or is this an isolated case? trash collectors who don't play by the rules or is it systemic? the next morning we meet, sean bar code is for. he knows the business used to run the waste collection company and now owns and operates the recycling business. after a few minutes we find the 1st garbage truck in the so what's happening now are different types of ways, right? yes, yes. i think they are mixing or, or they're being yes, unplugged shunned or has to play detective because he can't get up to date data or the waste collection agency is required to collect it. he says and takes the romanian environmental protection agency toys to publish the figure of little has been done and recycling in the last decade in moments while while you're semis. but right now, recyclables are more expensive to connect and mixed ways to we're not mistake. she up so there's no incentive to collect them separate like they say about the shunned or punished re entry on that environmental activists. i watched

>>how is paypal looking? >> i like into it very much. i happen to like him very much.he time was the right thing. i wish him very well. i prefer the stocks of mastercard and visa over square and paypal. that's go to mike in new jersey. mike. >> motive care? >> it is one of those, once again, i will soul-searching this week and i said to my wife, i have so many new companies that i don't know well enough. it does drive me crazy. what is the point of lightning round, no. let's go to steve in arizona. >> how are you doing? >> hot here in arizona. first-time caller. >> 3m is not out of the woods when it comes to one they have which is it looks like a lot of there for a chemicals problem is finished. as a spokesperson, i can tell you that they have some real issues when it comes to problems with the combat arms trial. when that is finished, they can be looked at to see if they are doing the right thing. how about greg in florida. >> good evening, jim. first-time caller, recently a new club member and i am learning a lot and i am joining the club. >> and i will see you thurs