the company provided a profit forecast, they are also selling off the paypal unit.ff will take place in the t

the company provided a profit forecast, they are also selling off the paypal unit.ff will take place in the third quarter. shares of texas instruments are lower after the close down.

new details tonight on ebay's split from its paypal unit. the two companies will still be interdependent on one another even after they split. ebay agreed to not create own payment system for five years after the split and paypal won't create an online marketplace. so there. shares up a fraction to $57.34. amazon one step closer apparently to its dream of delivering items with drones. the company won federal approval to fly drones and there are a lot of restrictions. they can't fly higher than 100% faster than 100 miles per hour that's pretty fast and have to stay within the operator's line of sight and have to be during the day and private property so the company still has a long way to go before they can fly you your next shipment of food. shares off a fraction to $382.65. nokia expanding sale of maps business. uber and the private equity business valued $2 billion. shares popped today 4% to $8.06. shares of tech mira higher on approval of fda approved drug. clinical trial of an ebola treatment drug. last july regulators put the drug on ho

the smooth separation of the paypal unit from the online market will occur in the third quarter.hat is clarity. everyone wants to know when that might happen. shareholders have had them under such a strain saying we want to do splits apart. there is more value in new separated. there is a fight for ebay going forward. paypal is bigger than ebay. paypal brings in more revenue in the quarter, so when they part ways, what then for the value of the marketplace? how does it cut back the presence of all the other retailers going online? what can it do to lure us back? jonathan: stephen isaacs is still with us. he is the chairman of the investment committee. the underlying numbers at facebook, the dollar takes a bite out of sales. you look at the move, and it is trading up 43 times estimated earnings. how do you play these stocks? >> this isn't exactly a cheap stock. you have the fact that mark zuckerberg's shareholders are a second-class, and they are hiring like crazy. they are out of control. it looks i get fantastic stock. if you buy here, you need a huge amount to buy here. they ar

. >>> ebay says it will spin off its paypal unit sometime maybe in the fall.ve been working on a split for six months to be sure one company will survive if one gets bought out. >> a story you will see only on abc 7, a bay area woman taking a move from bruce jenner. she talks about her gender reassignment. >> a terror suspect gets the chance to prove his innocence. is he really part of an al qaeda female announcer: get three years interest-free financing on brand name mattress sets. plus, get free delivery, and sleep train's 100-day low price guarantee. sleep train's interest free for 3 event is ending soon. ♪ your ticket to a better night's sleep ♪ >>> you know a lot of folks including the trans gender community waiting to see the exclusive interview with bruce jenner this friday. will it be a teachable moment or is it exploitation? carolyn tyler set down with one of the best known ookt activists to talk about her journey. carolyn? >> teresa sparks is navy vet former husband, devoted parent and grand parent. someone in the unique position to empathize with th

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its paypal unit which will be spun off in the 3rd quarter of this year to a separate company, paypal increase in active accounts to 165 million. and transactions were up 24% topping one billion. and its shares ebay shares are rising this morning. first time weekly jobless claims up slightly this past week up 1,000 to 295,000, four- week average also up slightly to 284,000. claims still below 300,000. that's the good news there. wall street coming off a strong day yesterday opening up a little bit lower this morning. let's take a look at the big board see how we're doing. dow down 60. nasdaq also down this morning by about 8 points. the s&p 500 moving lower by 3 points. facebook shares have just turned positive up slightly, ebay doing well early on up 4.25%. michelle and frank, back to you. >> all right, jason brooks thank you. >>> a house committee is looking into the extent of unprocessed claims at the veterans affairs office in oakland. last year, a former employee revealed that compensation and disability claims were found standard in a filing cabinet in 2012. yesterday, that whis

ebay's paypal may face a lawsuit over some of the units lending practices. ency has been looking into paypal's products of what uses by items without immediately paying for them. investigation completed a lawsuit against ebay. ebay says it is cooperating. china is using an offensive system used to disrupt websites outside of its borders. the researchers are calling chinese systems a great canon. they said was used on the attacks against get help. -- github. scarlet fu is looking at the movers of the session as we round out this crazy ride. scarlet: a modest move higher. two public is seeing a lot of volume. everyone is trying to figure out why the stock is rising on heavy volume. up 5%. one billion shares traded. that is more than double the three-month average. there is no clear-cut reason. there is speculation of operations but there were no big options locks. we will continue to keep an eye on this one. we told you that according to people familiar, intel ended intentions to take over altera. it is old and on to some of the advanced. investors are still be

it seems like a one-way deal because -- i mean, what's the likelihood paypal will want a separate marketplace unit. >> what's going to happen is the two of them won't do either but amazon and alibaba will do both. so it doesn't really matter. it's obviously they're worried about each other. they should be worried about the rest of the field. >> let's hit the chart of the day here. both the dollar and crude up today. oil decoupling from other commodities closes positive after a move to the downside yesterday. what do you make of this move? >> i thought the dollar move was the most interesting. when you look at oil in light of how strong the dollar was, that to me said there's buyers out there. perhaps we put in a bottom. i would still call the oil bottom here a correction within a larger down trend. but in the dollar, that one surprised me. because i thought for the next market or up to the june meeting we'd have some sideways to down movement. this move today, thankfully i wasn't short the dollar, but it's got me rethinking that. perhaps this dollar rally is starting to gain steam again. what that

francisco, welcome to bloomberg west where we cover innovation, technology, and the unit -- and the future of business. ebay and paypal reveal details about how the companies will operate after they split. the businesses are drawing up a five year operating agreement between the two. it will ensure 80% of merchandise sales are routed through paypal over the next five years. ebay director thomas tierney will become the chairman of the online marketplace. blackstone and wells fargo nearing a deal to buy general electric's real estate holdings. blackstone has built the largest global real estate investing business seeing $81 billion as of last year. for ge, the strategy of unloading assets, ge shares rose on the news. iran's supreme leader has refrained from endorsing the framework of the deal last week. the ayatollah said he was neither for nor against the deal. the ayatollah did insist sanctions be lifted as part of any final agreement. california regulators ordering the state's largest utility, pg&e, to pay $1.6 billion for failures under the national gas pipeline explosion that killed a bunch of people in 2010. is th

problem with the traps it in united states with airlines and car companies and everyone that wants a stake from government. >> to issue two worried about getting hacked? paypal wants to try hash word -- and brain implants. >> he said more and more passwords we have to have the more complicated they have to become as a human you have to remember them, create a password tra too or biometric why your metrics could be sent out and incrypted then sinked up. that is a pill with a minicomputer, that would go in your stomach and say there. neil: that is bizarre. they cut out a guy's eye put it in front of the scanner i see where there is going. >> they are working on 92 new technology to scan veins on your hand and other ways outside your body to make the biometrics possible. neil: how is that your code. >> you have a unique biometric data that would sink up to your account on google or something like that. neil: very scary your whole generation, the world is lost, jo ling kent thank you very much. >> we had car czars and climate czars, we're almost hostage to czars, so why not? a hostage czar, i kid you not. photos are great... ...for capturing your world. and now

. >>> ebay in the midst of spinning off the pay pal unit which will become a separate company this year as paypalwas for the first time ever. so what does it all mean for the future of this company, soon to be too? joining me from new york is ebay ceo john donahoe john nice to see you, sorry you are fought here since we are, of course, appreciate you taking the time. >> i'm sorry i'm not with you there as well. it looks chilly. it's a beautiful, sunny spring day in new york. >> john you know what i have no audio whatsoever right now. i'm noll not hearing you. if you will stand by for one moment we will see if we can correct this. i'm not sure what happened. john, can you talk again lose? >> sure can you hear me now? >> no i got nothing. we're going to john sit right there. of course, that's why we wanted to have you here because i would absolutely be able to hear you if you were sitting next to me. let's take a blake, we'll see if we can fix our audio problem. we will be right back with john donahoe the ceo of ebay. >>> welcome back to "squawk on the street." we have a developing story and news a

unit we'll stick on the call and bring you headlines as they come. melissa, back to you. >> at this point do you own e-bay solely for paypal? >> yes, and i do. but i would also say e-bay still has some clout to them as well. their gross volumes were strong. so i think there's a lot of reasons why i think this stock will get up to over $60 eventually over towards 65 or better by the time we get to q3 and the split occurs. >> i'm not a huge fan. i'm not saying you short e-bay. for me when i look at the payments base and i look at what paypal does there's a tremendous amount of competition, seems to me transactional finance, the margins there will get squeeze, the prices are going to come down. for me i don't want to own e-bay let lone the electronic garage sale. >> beginning of 2013 no fewer than five or six times this stock pushed up to this level and failed. i think this quarter, plus it's not that expensive. 17 times four earnings is not ridiculous for e-bay. i think this is the quarter. this is the quarter that we stabilize at 60 and then make the push to the next level. >> the only reason to own it is for this paypal spin in q3. i didn't

paypal is wonderful and only going to get more wonderful. we greatly disagree with him on the other side of the transaction. the currency, the negative effect of a huge move in the unitedar covered up significant improvement in the business. i think people drastically underestimate what a company with $3 billion of free cash low end a group of mary -- of very motivated employees will do to compete in the online marketplace with a standalone ebay. companies had split themselves up in the mid to late 90's. cognizant is probably a much more successful company than it would be if it were held under the umbrella. everybody looks at the big brother paypal and says they are so wonderful, they are just trying to get at that. they are going to reinvigorate and energize both companies. alix: what do they do to invigorate ebay with all that cash? what do they have to buy? bill: that is a good question. i was watching a sports event last night and somebody said that is going up on ebay. there is unbelievable yet unadvertised brand awareness of ebay that is not being capitalized on right now. amazon is the 600 pound gorilla and they are doing a great job if your object is not to ma