let's get to deirdre bosa with square cfo sarah friar in san francisco. >> that's right, we have sarahar here right beside me, and i know you guys were down a little after the earnings, but i also want to pull up a 12-year chart and show square shares have nearly tripled in the last year, so this quarter another great one. bigger merchants making up a larger portion of shares, business, nearly half of the payments volume. you're actively recording them, too, came up a square register to better serve them what is the strategy here, how big are you looking? >> sure, ultimately we want to grow with our sellers and there isn't a cap to them. as you pointed out, we brought together all the best parts of square, hardware, software, managed payments we think that does open the door to really large merchants coming on the platform. we talked about one where we think they can bring 100 venues on to the platform, so a big part of our growth, 64% year over year this quarter >> what i'm getting is, how big could we see it, could we ever see another starbucksized deal that was a long time ago when

now, former tech sarah friar. >> the company is coming out after what they see is misunderstanding bypp works. your friends, they share it in rising to the top. you see the content from what you have seen before. say is something they won't what causes you to go through. theyisappointing revenue give hope for in the future. attract more users and advertisers question mark >> i'm not sure. but we have is the biggest challenge that now you don't have friends directing people to the media content. snap really needs to prove that quality means more than popularity in terms of what users want. it could turn out to be something amazing or something like twitter. it could be good or awful. said it blurs the lines between professionals and friends. -- it is a good point. >> it is an obvious plan on facebook. facebook has been constantly copying the features and you guys have been doing it wrong. contenthow users want to be displayed. it might in fact be what they want, but whether it helps snap revenue getting that and user growth that is going to take them into the future. >> thanks so much.

also, don't miss cfo sarah friar on mad money tonight. >>> more on today's moves when t.t cashin joinsin a little bi dow down a third of a percent. we'll be right back. a. a. small businesses show their love to you. with some friendly advice, a genuine smile and a warm welcome they make your town... well, your town. that's why american express is proud to be the founding partner of small business saturday. a day where you get to return that love, because shopping small makes a big difference. so, on november 25th get up, get out, and shop small. >>> watching ge today, leading the dow up 2 1/4%, no longer below 18 keep in mind the high on monday a couple of days ago was 2075, a reversal after a long stretch of underperformance meanwhile iphone x production, the production ramp challenge hitting apple's manufacturing partner foxconn. that company's quarterly earnings falling 39%, far worse than expected. plaming construction bottlenecks for profit drop, its biggest in eight years. >> chinese internet giant ten cent, most valuable by market cap profits surging 69% thanks to gaming busines

center, that that's not safe >> right >> look at what my old boss mark benioff has done >> that was sarah friarto cnbc's jim cramer on "mad money. it's not the only stock getting a boost from bracing bitcoin despite the returns, the ceo of interactive brokers, thomas peterffy, took out this full page ad in "the wall street journal," blasting bitcoin futures the second week of december in the open letter to the chairman of the cftc, peterffy said bitcoin's price swings could be dangerous to the markets. thomas peterffy, also known as the father of high speed trading, joins us on the fast line thomas, thanks so much for joining us >> thank you, melissa. if i may correct a little bit what you have said previously in the introduction, i am not at all against trading bitcoin. i think blockchain is a fantastic innovation and will have many, many uses bitcoin and other crypto currencies are great ideas they should be allowed to be traded freely and used freely to find their appropriate role in the economy. >> you just don't like derivatives trading for bitcoin, you don't like the fact that cme is goin

>> people looking for a way to play bitcoin we have square and sarah friar who along with jack dorseys running square this is big. they're going to be the broker for square, i guess. remarkable look at that stock, will you that's no cable company there. >> no. ge up. can i note that? a sunny day. sunny day. that's more sesame street. what do we say about that? >> bounced again we'll see you tonight. "mad money","," 6:00 p.m. >> when we come back, target's ceo brian cornell. don't go away. [ keyboard clacking ] [ click ] [ keyboard clacking ] [ clacking continues ] good questions lead to good answers. our advisors can help you find both. talk to one today and see why we're bullish on the future. yours. >>> good wednesday morning welcome back to "squawk on the street." i'm carl quintanilla with david faber, kayla tausche at post nine sara eisen is on assignment. look at the market, worst day for the s&p in almost three months dow led lower by high price weighted names like caterpillar and apple. oil is not working, and this comes on the back of a widespread selling in europe and asia ov