emily: chris sacca, thanks so much for joining us. it is been great to have you.: right on. ♪ we live in a pick and choose world. choose, choose, choose. but at bedtime? ...why settle for this? enter sleep number... right now all beds are on sale. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store. time is now for the biggest sale of the year, where all beds are on sale. save 50% on the labor day limited edition bed. know better sleep with sleep number. emily: from the earliest days, of the online money chance or, shaped by successful club of our -- of founders who became entrepreneurial titans, paypal story is a silicon valley legend. giant is inyments the midst of a makeover. >> it is the power of regeneration. preparing for what it believes is a revolution in commerce. >> our adjustable market could be as large as $25 trillion. emily:

sacca: i have been invested since anyone can be invested. i have been a user sends 2006.re are more than a billion people who have tried it and not stuck around. twitter needs to be easier and more exciting and less intimidating for all those people. emily: turning now to china. president xi jinping's first state visit to the united states is scheduled later this month. the president will be attending a tech summit in seattle, organized by the chinese government. here is what we know. bloomberg has confirmed that alibaba founder jack ma will be there. uber has been invited. the new york times reports tim cook is planning to attend and maybe the ceos of facebook and google as well. they will attend a dinner hosted by microsoft founder bill gates at his home. it is interesting, given president obama's hard-line on china and the chinese president's hard-line on u.s. tech companies. i am bringing in gordon chang, who works as a lawyer in hong kong. what do you make of the chinese government organizing its own little side trip ahead of the state visit and sort of undermining t

emily: chris sacca, thanks so much for joining us. it is been great to have you.: right on. ♪ ♪ francine: hello, and welcome to "inside fendi." we are in rome, and over the next 30 minutes, bloomberg brings you behind the scenes of one of the most iconic italian fashion houses, fendi, with ceo pietro beccari. in 1925, two italians opened a fur and leather shop in rome. their names -- edoardo and adele fendi. the mantle passed to their five daughters, and it is there the fendi story really begins. under their watch, the company grew into a multinational luxury brand. although they had some help from this man, karl lagerfeld.

emily: chris sacca, thanks so much for joining us. it is been great to have you.: right on. ♪ emily: from the earliest days, paypal's story is a silicon valley legend. now, this payment giant is in the midst of a makeover. >> it is regeneration. emily: preparing for what it believes is a revolution in commerce. >> the market could be as large as $25 trillion. emily: what does mobile wallets and a growing consumer class mean for the future of this newly independ

what sacca's saying is the fact that he'd be running two companies is irrelevant. he tweets "he has the full support of the key players at twitter and its largest investors." he goes on to tweet that the market knows that jack has such strong teams at both square and twitter that he could run both companies. this is settled. but it does not seem to be settled for twitter, which has not responded to repeated request for comment since sacca went on this tweet storm. and square has also not responded to request for comment about whether its board would sign off on having a ceo with another full-time job. square's pr team just said no comment. and of course as square markets to investors they may not be too happy about their question splitting that time between the two companies as well. sara? >> yeah, either way it sounds like they're getting more and more pressure to make a decision. julia, thank you. let's trade twitter. tim, you on twitter. >> i bought it about ten days ago and my view is from the price action perspective i kind of feel like we have tested some ext

another story we're watching, chris sacca taking to twitter to tweet about twitter and its ceo search voiced support for jack dorsey. it is time for the board to formalize the obvious, he tweeted, making jack the ceo and let everyone get back to focus ing on making twitter better than ever. the market knows that jack has such strong teams that he can run both companies. jack dorsey has full support of the key suppliers -- of the key players at twitter. earlier on studio 1.0, i asked sacca if he was becoming an activist investor, which he deflected, but he explained why he wants to fix twitter. >> i have been invested since anyone can be invested. there are more than a billion people who have tried it and not stuck around. twitter needs to be easier and more exciting and less intimidating for all those people. emily: turning now to china. xi jinping's first state visit to the united states is scheduled later this month. the president will be attending a tech summit in seattle, organized by the chinese government. here is what we know. bloomberg has confirmed that alibaba founder jack m

. >> twitter investor chris sacca went on a rant. he says ask anyone who works at twitter and they will tell you jack is the leader that will take them to the next level. he goes on to say for months the board refused or been unable to declare a permanent ceo. enough is enough, the board needs to act. they are running a process, yet there is only one person fit to run this company, jack. employees, users, advertisers and recruits all love jack. he is the heart and soul of twitter. he says the market knows jack has such strong teams at both square and twitter, he can run both companies. this is settled. it's time for the board to formalize the obvious. make jack ceo and focus on making twitter better than ever. twitter's board is only interested in hiring a full-time ceo one who can focus entirely on running twitter. jack dorsey is ceo of square which is headed towards an ipo. that could come as soon as the fourth quarter. if this is going to come about as chris sacca would like, the board would have to say they are okay with having a

i sat down with lowercase capital's billionaire founder chris sacca just days before

it's popping to the point today to the point that chris sacca is making. julia boorstin, as twitter was up about 4% at last look. maybe up about five now if i'm reading that right. >> well, let me tell you. i made him repeat it. get this. $3 billion, with a b, to buy going into the close. very, very heavy buying going into this close right now. as we head to the top of the hour. >> people will wonder if they're coming in to buy the dip here as we head into a new quarter. >> so if your stomach turns every time the market makes a negative move, it may be time to head for cash, according to peterson anderson. he'll tell us what he's doing in this market, or not, when we come back. you, my friend, recognize when a trend has reached critical mass. yes, when others focus on one thing, you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere. >>> seven and a half minutes left in this trading day and for