about the venmo.d but -- and i admire tim's courage in pitching this two days before earnings that's what i call courage what gives a musk rat his musk >> courage >> damn straight >> your opinion is most important, though. you want to go vote in our twitter poll @cnbcfastmoney. >>> the nfl addressing player protests today but is it too late to prevent media stocks from getting sacked? nt. it's why brighthouse financial is committed to help protect what you've earned and ensure it lasts. introducing shield annuities, a line of products that allow you to take advantage of growth opportunities. while maintaining a level of protection in down markets. so you can head into retirement with confidence. talk with your advisor about shield annuities from brighthouse financial established by metlife. today, smart planning is helping the new new york rise higher than ever. as the world leader in unmanned aerial systems, we're attracting the world's best talent to central new york. and turning the airport into a

. >> venmo has a new app you can use to shopline.r with the app venmo lets you send money to someone or request money from them. venmo users will be able to pay for purchases on their phone at any retailer site that accepts pay pal. they can pay with funds in the app or money split among venmo users. >> they'lego was forced to drop katherine johnson. lego says it was unable to get approval to use her likeness. >> that's unfortunate. >> that's too bad. >> llet me just go on record and saying i do know about venmo. >> yeah. >> thanks to one mike thomas. he introduced venmo in my life and it's a game changer. i love it. >> it's amazing, no fees, easy to send money, you don't have to carry money. >> i send money to mike for walt. >> i think that's the only reason to use venmo is so people can start paying me for the coffee runs. >> it's going to be another fantastic day. a warm cup of coffee will do you good. it's rather chilly outside. later on this afternoon sunny bright skies will warm us up and will be fine. 51 in the city. suburbs w

consumers and begin to monetize venmo our existing paypal merchants are also excited to offer venmotheir sites >> reporter: paypal has beat on earnings all ten quarters since it's been a standalone company and nine out of ten quarters on revenue since it spun off from ebay it's had quite a run and it continues, melissa >> aditi, thank you, aditi roy in san francisco just the other day,this week i fact, tim seymour, a friend who usually sits here, pitched paypal he fast pitched paypal primarily because of venmo he's looking pretty good today >> do you ever watch the show, guy? >> he's here every night, i don't know if he watches it. dan, you didn't like it at that time have you changed your tune now >> you know i don't like tim listen, i'm a massive proponent of the online payment space. i've been behind this. i just didn't like it at $66.5 i think the story is pretty well-known, the stock is up. i don't see a great risk/reward to buying the stock. >> i guess that question that everyone always asks, what inning are we in in digital payments it's got to be early innings if it's still

or card. >> i know. >> venmo entered lexi con. >> my daughters say you can venmo me this or sglat no,an't because i don't know what it s i'll give you a check. nobody wants a check. >> all right. let's talk a little about today -- today out with hoodie at first. i thought would be cooler. it got nice. >> nice this afternoon oh, my gosh it was caet. that will continue to happen jim and sarah. not frostee tonight. definitely chilly. there will be places that fall into 0s. no frost advisory issued tonight. it won't be quite as frosty in the morning for those of you who get up 6, 7:00. er wanted to show you too as we trend to warmer afternoons still plenty of great things to see down at the georgetown water front and mark stokes' story rather tweeting found this georgous butterfly on the are flower and yes there's summerlike temperatures towards the weekend that might get you inspired as well. if you get a great picture like mark did tweet it to me. sue palka "fox5" d.c. we love to show them as part of weather cast. here's weatherhead line for at some time. it's chilly. but it's not frost

venmo is owned by pay-pal...s new features will work by tapping into its existing payment network. pay-pal executives say they want to turn venmo into a digital wallet on your smartphone. (pam) coming up... a 'do not drink' advisory has been lifted for people living in north sacramento after the water had a purple hue... (grant) plus... another business in the north bay is badly affected by the wine country fires...and it has little to do with grapes.. tonight we look at problems with cannabis... coming up(pam) and after the break... a san francisco police officer in critical condition tonight after being hit by a car while riding a bike... we're live at san francisco we're live at san francisco general hospital with an update.... (pam) now at 9:30.... a san francisco police officer is in critical condition tonight - after being hit by an s-u-v. one suspect has been arrested....(grant) the officer was on duty... riding his bicycle when he was hit on turk street...between franklin and van ness. kron4's j-r stone i

but venmo users can make a purchase on their phone at any retailer site that accepts paypal.nalysts say the move should help expand venmo's market presence. >>> more stories of heroism in the north bay after the wake of the deadly fines. a doctor used a motorcycle to save babies from the north bay fires. >> we are tracking that rainfall that's most certainly headed into the north bay fire zones. great help to firefighters. we'll let you know when it gets here how much we could see and what the weekend is going to look like. ♪ ♪ ♪ ♪ >>> as firefighters get a handle on the north bay fires, several efforts are under way to assist fire victims as they try to recover from their losses. many people have been unable to work and the u.s. government will offer those people unemployment benefits. the california insurance commissioner says he is asking insurance companies to speed up the process for fire victims' claims. >> i have issued an order and notice to the insurers asking them to expedite claims handling. that includes things like providing a four-month advance for what's called

. >>> a consumer alert for people who used a popular money sharing app venmo. in atlanta says a scammer using an assumed name cleared out her account. pam clay and her husband lost thousands from the account they had been using to pay bills and send money to their son in college and clay says she's not figure out what happened. >> i feel as though i have been robbed three times, once by the hacker, also by this app and also by my bank because they're telling me we can't do anything about it. >> well, clay's bank, wells fargo says it needs ten days to investigate her fraud claim. venmo says it encrypts personal information for safety reasons and reimburses customers 100% for any unauthorized activity. >>> turning to a promising new prediction in the battle against alzheimer's disease. in a new become a british neuroscientist estimates there will be medication to prevent the disease in the next 10 to 20 years. dr. joseph jab beelli reporting that. >>> the most famous dogsled race. dallas seavey is denying he gave his dogs relieverer. >> four of his dogs tested po

speaking of venmo, the company just announced this week it would be expanding venmo to u.s.2 million of them expect to hear more color on the call on that and we will be listening in on that call. shares, again, up about 5% kelly, back to you >> aditi, thank you very much. you know, mike, just to hammer the point, again, we talk bed about this with adobe, paypal also doubled trading basically in the mid to upper 30s around this time last year here it is popping over $70. >> right at the center of favorite kind of long-term growth story in payments it has certainly a central role in the way that payments are going in many different respect whether peer to peer, mobile, a digital wallet story expensive stock. all these stocks are, whenever it seems like a slam dunk thesis they keep redeeming it the stock as it pops after hours here is slightly above its recent all-time high so it looks like it was an expected beat, but enough of a margin of victory there that it's worth a little bit of a reflux pop. >> neil, what do you feel about paypal >> i don't know much about it, kelly. i

forecasts strong growth in mobile transactions helping results the person to person payment service, venmo, handled $9 billion in volume during the quarter. more and more people using peer to peer payment service. >>> celgene halting trials on a drug to treat crohn's disease, the move follows a risk benefit analysis morgan stanley says the decision was likely based on a lack of efficacy for the drug. >>> ncr's third quarter profits beat forecasts and revenues did fall short the maker of atms and payment processing technology issued a disappointing outlook for the fourth quarter national cash register is how i still remember that company. shares off by 10%. >>> shares of intuitive surgical lower this morning that's despite the company reporting better than expected third quarter earnings and revenue. part of its sales beat due to deferred revenue results would still top forecasts. >>> athena health plans to cut about 500 jobs it's also closing offices in san francisco and princeton, new jersey and the company is cutting its full-year revenue outlook. athena health is under pressure from ell

. >>> a new app called venmo used to pay family and friend will be accepted by retailers and businesses>> service owned by pay pal and will allow users to split the cost of on line purchases, once the transaction appears, in their venmo feed. it will be accepted at more than 2 million retailers starting this week. >>> and, for the billion air in your life, or maybe the person with billion air taste, the neiman marcus christmas book is now out and among this years gifts a private new years eve party for 300 of your closest friends at an hotel overlooking times square that will cost you $1.6 million or just shy for a million, two hand crafted rolls royces with hand zone leather interior. >> um, um, how about if we do a sparkler in the studio, and a cup cake. >> a sparkler, is that all. >> yeah. >> that is it. >> quite a draw. >> big time. >>> what some people are doing that puts them at risk for a heart attack and stroke and something that can be easily remedied. >> health reporter stephanie awwwwww...... yummmm... denny's new holiday pancakes are delicious. you guys can have some if you

venmo, a digital version of paypal and away really has not taken up quite yet., they had partnerships visalisa and mastercard -- and mastercard. paypal that was a bigger market cap and american express. along.ket cap trailing on this searcher paypal, taking over american express. new school taking out old school. vonnie: it is a tech stock. how does it compare? we always think about the fangs as having this performance on the year. we have paypal back in the bloomberg. this is pretty incredible. 955. take a look at this. in blue a fang index of 35% year to date. outperforming all the indexes. look at paypal, up 75%. this is a stock for investors to take a look at even the valuation is at a premium. the company is really growing and putting up strong quarters. great execution. vonnie: thank you for that. week bloomberg has been reporting of the automation wave hitting wall street. firms are working to develop software that can suggest trades. advances in technology means summer pretty major job losses as people replaced by automated services. joining us is rishi

reported profit and sales that rose more than expected as more users made payments on the company's venmo platform. paypal also raised its full year guidance shares initially higher in extended hours. they ended the regular session a penny lower, at $67.27. >>> shares of celgene were pressured in the extended session after the pharmaceutical firm said it won't continue a study trial for its crohn's disease treatment. the company said it made the decision after an independent data monitoring committee determined that the treatment benefit did not sufficiently outweigh the risk. shares initially fell after the announcement and also ended the regular day down nearly 1% at $135.96. >>> general motors has agreed to pay $120 million to resolve claims from 49 states and the district of columbia over faulty ignition switches. the defect has been linked to 124 deaths and 275 injuries, and prompted a massive recall, as you may remember, in early 2014. largest u.s.-based automakers paid $2.5 billion in penalties and settlements over defective switches that could cause engines to stall and prevent ai

venmo is owned by pay-pal.yment network. pay-pal executives say they want to turn venmo into a digital wallet on your smartphone. ( james ) there are new rules for people who take out pay-day loans. consumer advocates say the new regulations are intended to protect people from getting trapped into a cycle of debt. pay-day loans provide money for unexpected expenses. they usually have to be paid back by the borrower's next paycheck. under the new rules lenders will now be required to do basic background checks on loan recipients. they will check things like income levels living expenses and major financial obligations. the new regulations take effect in july of 20-19. ( darya ) coming up on gary's world... todays gary's world is all about solving some myserys. will the real klay thompson please stand up. and nike is trying to get to the bottom of jersey gate. also what train does jed york want everybody to get on board? and... a san francisco police officer is injured after being hit by an s-u-v. what we know ab

[laughter] when i told her to venmo me the $5 she owed me, n.the job 'cause her daughter's, like, a producer on the show or something. how lame is that? [laughter] [mellow music] ♪ - carol? i consider myself a keen observer of the female psyche, and i can tell you're feeling, uh... gassy? - right as always, chuck. i'm also beginning to worry that i don't deserve my job. - executive producer. - head intern. all the other interns go to fancy schools and they know news stuff. they can lift a box without getting permission from their chiropractor. - of course you deserve it. those kids are a bunch of spoiled brats. listen, i don't trust anybody who can afford to work for free. when i was in college, i made my own way, giving tug jobs down at the docks. - huh? - you know, tugging the boats out of the port with my hands. - well, i don't get paid either. have. - bangs? - no! life experience. all the things you've accumulated over the years. the things you've gathered. they're worth more than all the money and connections and young brains

the ability to accept venmo payments in a national rollout.them, right? >> i believe -- i don't know. venmo is hot. >> that's great. >>> "usa today" looks at a study on the relationship between sugar and cancer. they found yeet with high levels of sugar overstimulates the proteins found inside tumors. i say that makes cancer cells grow faster. the study doesn't prove that eating a low shul diet could change a cancer diagnosis. >>> the "detroit free press" says car manufacturers are ditching fair tires to extend the mileage. many new vehicles have tire pressure monitor schls now and some new vehicles come with standard run flat tires which an go up to 100 miles so you can find a repair shop. >>> former surgeon general vivek murthy tackled a lot of health cree cease, but he also shed light on a silent crisis, the rising number of lonely people in america. he spoke about his concern at the as spence ideas festival last zbleer many people i have met have thousands of friends on facebook but find few people who really know them. as a society, we ha

. >>> venmo users can now pay at more than 2 million rely tailers.t to begin this week. the peer-to-peer app is estimated to have more than 7 million users. >> wait, because paypal bought them, right? >> i believe. i don't know exactly what the relationship is. >> we'll double-check. >> but venmo is hot. >>> "usa today" looks at a study between the relationship between sugar and cancer. they found yeast with high levels of the shougar known as glucose overstimulate tumors, making cancer cells grow faster. it doesn't prove that eating a low-sugar diet could change a cancer diagnosis. >>> automakers are ditching spare tires to reduce weight and get better mileage. interesting. 28% of 2017 model year vehicles do not have spare tires. in 2006, it was just 5%. many new vehicles have tire pressure monitor systems now in some newer vehicles come with standard-run flat tires, which can go up to 100 miles. so you can find a repair shop. >>> former surgeon general, dr. mortgagy tackled a range of public health crisis, zeika, drg and alcohol addiction and obesi

the analysts will talk about venmo and any deals with amazon. that is their peer-to-peer payment. volume. has grown to 8 million in the second quarter. it has been a record since it spun off from ebay in 2013. expectations for nine quarters met or exceeded. they want to know if they have a button on amazon for paypal. back to you. liz: thank you, nicole. very much. let us bring in former ubs america chairman ceo, fox business contributor robert wolf, who was on a trading floor 30 years ago today. >> solomon brothers. liz: before the scandal. >> come on. i was only 25 t was totally different. it was crazy. it was down 20%. remember bonds were 10%. people were buying insurance that for portfolios. the market was up 40% for the year. it was the wild west. people didn't know how to react, what to do. it was just crazy. liz: you're on the phone. you're getting all kinds of calls, sell, sell, sell. >> we were on other side. we were buying bonds. salomon was a fixed income shop. the place was in complete disarray. different from the lehman weekend which you and i talked about many times

has been added to handle account information after papal recently expanded the ability to pay with venmo. >>> the first win of the season, a heartfelt tribute to dwight clark attended by over 30 former teammates. reaction, coming up. >>> first, what is cool about your school? email your nomination to us at coolschools@kpix.com and we may feature your school on the broadcast. ♪ ♪ ♪ ♪ wow! nice outfit. when i grow up, i'm going to mars. we're working on that. some people know how far they want to go. a personalized financial strategy can help you get them there. see how access to j.p. morgan investment expertise can help you. chase. make more of what's yours. >>> the 49ers dropped their seventh straight game. one south bay team is going to the playoffs. they earned a playoff spot, they set up the game winner. the quakes are headed to the postseason for the first time since 2012 and will play at vancouver in the first round. two fumbles in the first start as a 49er quarterback. dak prescott had a better day. he threw three touchdowns, 40- 10, the 49ers worst home loss since 2000 and nine. t

the most notable is venmo used to move money back and forth. it's owned by papal. you will be able to use it at the store anywhere you use paypal. voop is a technical term. tesla reached a deal to open a factory in china owned by tesla, itself, which is unusual for chinese factories. no joint agreement. china is the largest market for electric cars. here at home, tesla ran into trouble make that model 3 with only a few hundred rolling off the assembly line in the last three months. stock analysts speculate they have to raise the prices. the marks will once again open at all-time highs this morning. the dow, nasdaq, s&p 500 at new records. the stock market feels confident they have tax breaks for corporations. very few details on how regular americans are going to be affected by the tax breaks, but moments ago, the president tweeted the republicans will not make changes to your 401(k). there was a plan to reduce the amount. you can stay tax free by thousands of dollars. we'll talk about the tax plan, how it affects you when we talk politics. >>> apple opened a new t

venmo is like papal. you can use it anywhere that takes pay pool. boop it on the card reader. tesla reached an agreement to build a factory in china. a few hundred rolling off the assembly line. stock analysts from jpmorgan says tesla may have to raise prices to make up for low production. >>> the markets will open at all-time highs this morning. the dow, nasdaq and s&p 500. we have very few details about how the regular america is going to be affected by tax breaks. moments ago, the president tweeted republicans would not make changes to your 401(k). there was a republican plan to reduce the amount you would be allowed to save tax free by thousands of dollars. this morning, the president tweeted there will be no change to your 401(k). this has always been a great and popular middle class tax break that works and it stays. this is actually the second time the president has said something against the gop tax plan. we are going to talk more about taxes. i promise to make it interesting. it really does affect how much money is coming into your family. we'll talk about that when w

. >>> venmo users, it lets you send money or request money, but they can pay for online purchases onthey can make a purchase on the phone at any retailer site that accepts pay pal. ven >> a lot of news to get through, standing by and they have it for you right now. >>> this is fox 5 local news local news at 6:00. >>> we begin with continuing coverage of the breaking news, the manhunt for a suspect linked to shootings in maryland and delaware. >> the first shooting happened this morning in edgewood in hartford county maryland, this is what we know right now. police are looking for this man, radee prince, he's armed, dangerous and desperate, according to the hartford county's sheriff's office, he showed up at where he was an employee, he shot five people, three died, two others in critical condition at a baltimore hospital. after the shooting, investigators say he drove to wilmington delaware where he shot had a man at a used car lot >> authorities throughout the area continue the manhunt for the suspect. he was last seen driving a black 2008 gmc arcadia were delaware license plates, p

america >> because their handheld, cell phone technology is great and people love it and they have a venmof their own the transaction numbers on the mobile are rather extraordinary. very, very good release they put out which shows how much ahead they are of everybody else i really like the bank of america. >> it is the best profit in six years, loans up six, not quite the seven out of jpm and trading was a slight beat down 15. >> what i like is there is -- i don't have to worry about the so-called fix, fixed income. what brian moynahan has done, what i regard as responsible bank and responsible lending responsible in terms of what it's doing societal. this -- i mean, i know we've been trying to figure out what the millennials really want. they want their cell phone to be able to make really easy banking. this is what they want bank of america is giving them what they want i think it does matter the numbers at bank of america are smooth i mean, it's just a smooth quarter, revenue rose 6% the global wealth management business is pristine and fabulous, total client balance is 2.7 trillion. an

. >> then meantime it has been exploding in the popularity that it is a verb, like i'm venmo someone.o check out the person-to-person system so you don't waste your money. i'm john matarese. abc7 news. larry: right now at 5:00, a grieving mother erupts in a fit of anger at an accused killer. the threat that cleared a local courtroom. young athletes stepped to the mic to have their say about toxic turf. uneastern forces -- unseen forces. d.c. fans say it's proof we are cursed. turkey takeover in stride. how a suburb is coping with the >> "7 on your side." >> mother's pain, manifested in court as she took off her shoe. through it and threatened the -- threw it and threatened the man accused of killing her daughter. richard reeve was in the courtroom for nabra hassanen's parents' outbreak today and joins us with developments in the case. >> this was an unusual scene. one minute the family was speaking to the interpreter and the next moment the mother of the victim stood up and she was yelling at the defendant, "i kill you." then threw her shoe at him. meanwhile other people were cursing

use venmo at the store anywhere they take paypal. -- this morning, the president tweeted something very interesting, he said republicans would not make changes to your 401(k) with their new tax plan. there was a proposed plan to reduce the amount you'd be allowed to save tax-free by thousands and thousands of dollars, but this morning the president tweeted, there will be no change to your 401(k). this has always been a great and popular middle class tax break that works and it stays. now, this is the second time the president seemed to oppose one of the key parts of the republican plan. earlier this month, bloomberg said the president was incensed after he learned the plan to end deduction on state and local taxes meant many people in the middle class may actually pay more not less in taxes. back to you. >> well, happening today, perhaps the largest coordinated cleanup effort ever in california begins. you can see the reason why. this is the debris left over from the deadly north bay wildfires. now, california leaders are calling this the state's largest ever wildfire cleanup. it takes

, the way younger people --i used to use cash, people use venmo i think this thing will go dramatically there's been articles how it's overvalued, this is crazy. it is the young person's worldwide credit card, it's an amazon, e commerce play. you're recognizing this was a star born when they split it up. but dan shulman is a man who everyone said visa can wipe him oup, wells fargo, he's got deals with all of those and they respect him because he's a high roller, man of great intellect and also a great representative of younger people even though he's not as young as they are. >> you're showing your tie ran sar russ rex arms. >> when the stock was at 38, i said the analyst was all wrong then there was a nice young man that came on and i didn't want to rip him aparlt because youth has its own advantages there was a worry about a problem with ebay, those are all past this thing will go dramatically higher it's not done. it's the credit card from next generation. >> you mention deals and now it's paypal partnering up -- and facebook, instant messenger. >> you're talking about actual acceler

does it deserve a 30 times multiple payment in venmo is being rolled out. people are underestimating the power of it. >> thanks for that, mike check out the full "options action" show friday 5:30 p.m. eastern time >>> bitcoin is surging 470% this year what is it really worth? we'll tell you one method for valuing the crypto currency. >>> plus ibm surging today after the report we'll tell wt u hayothe cfo had to say about big blue's future much more "fast money" still ahead. i think it's terrific. your kids go to college and you start trading. >>yeah, 5 years already. 5 years, hmm. you ever call your broker for help? >>once, when volatility spiked... and? >>by the time they got me an answer, it was too late. td ameritrade's elite service team can handle your toughest questions right away- with volatility, it's all about your risk distribution. good to know. >>thanks, mike. we got your back kate. >>does he do that all the time? oh yeah, sometimes he pops out of the couch. help from real traders. only with td ameritrade. you myour joints...thing for your heart

. >> when they fronted that holiday party and said i want venmon venmo. just had it for dinner it's my middle name. >> so you did pay her back >> kayla's fabulous. we're square well, you know >> a lot to get to today we haven't even touched at&t yet or -- >> we're on the surface. >> we're getting there when we come back, would you allow amazon into your home to deliver a package? we'll fill you in on the company's new service. also ahead this morning we'll look at some other names including apple, amd again and the decision that the senate made on banks and forced arbitration last night there's a look at the premarket. we'll get into the durables as well which come in at 22, way above expectations of one. we're back in a moment >>> amazon announcing a new delivery service that would let its occcurriers open your front door to leave a package. you would have to purchase a cloud cam and a compatible smart lock take a look. >> cloud cam also powers the newest feature for prime members. with amazon key, get free delivery of packages inside your front door plu

for example, venmo, google wallet, square pay, all ways you can transfer money between accounts, foryou i could transfer money back to you with one of these apps. they're very simple and straightforward. >> i'd lend you money. i'm not sure about michael. i got you. >> i appreciate that, robin. >>> "american idol" about to take over. lara is upstairs. >> robin, all three judges right here in times square live with our first ever tv appearance. let's bring them out, lionel richie, katy perry and luke bryan. [ cheers and applause ] >> whoo! get over here. [ cheers and applause ] >> "american idol" judges. we have more coming up with them in our next hour. don't go anywhere. (avo) lose weight and keep it off with contrave. it's fda-approved to help adults who are overweight or struggle with obesity. contrave is believed to work on two areas of the brain: your hunger center... i'm so hungry. (avo) to reduce hunger. and your reward system... ice cream. french fries. (avo) to help control cravings. one ingredient in contrave may increase suicidal thoughts or actions in some children, teens,