i mean, venmo, everybody is using it it's the most convenient way to pay. >> and not monetized venmos soon as you start monetizing that it will add to the bottom line >> how about j&j >> i don't see it as a barn burner >> steady eddy >> i like deere. >> i'm in deere. i don't think it's other >> interactive is on there they own tinder and match. >> are we looking at the sam list i don't see kla-tencor >> it should be on there >> let's do final trades >> delphi spun off -- >> you can only do so much >> i got the report right here >> only a ball of clay to mold >> go ahead. >> i like both those stocks. spinoffs are good to own >> i bought j.d. yesterday i like it. i didn't want to buy more baba >> shack is up, i am not a seller >> all right "power lunch" starts right now >>> i'm melissa lee, happy friday here's what's on the menu. the american economic engine humming along nicely unemployment at a 17-year low. wages rising who's hiring what impact will tax reform have on jobs and how will the fed react? we'll debate that. plus a wild week for bitcoin soaring thousands of dollars and the

( laughter ) and do they use venmo?is is all i want to know. ( laughter ) my first joke, have you seen boys in the hood? all right, let's move on. ( laughter ) by the way, that raises another question. can a quake qualify as artistic expression? and the court is torn because justice sotomayor said the primary purpose of a food of any kind is to be eaten. yeah. did you hear that teenage boys watching this right now? the primary purpose of food is to be eaten. i see what you're doing with that donut, it is very wrong. you can't throw it like a frisbee. what are they doing? wait, what were you guys thinking? ( laughter ) the baker's argument is wedding cakes can be artistic expression because a wedding cake is less a food than a symbol of the union, right? justice gorsuch even said, i have yet to have a wedding cake that i would say tastes great. yeah. justice gorsuch is a conservative on the court and a bitch at a wedding. ( laughter ) yeah. gorsuch is coming for all you vendors. he's walking around, these table settings

it's either my credit card or if i'm out with my friends, venmo. >> reporter: the mobile app processes2 billion a month. this year, apple added similar payment capabilities in imessage. these free services are so popular, 30 major banks recently launched a competing product called zell. doing away with paper summon a big boom for small businesses too like the restaurant sunday in brooklyn. >> the transaction at the table is quicker, guests are looking for the cleaner, safer, easier transaction and having a wad of cash in your pocket just isn't convenient. >> reporter: but, 7% of americans do not have access to banking or credit cards, that adds up to 9 million households that operate with cash only. >> when a business says we will not be accepting cash here, it also is saying, we will not be accepting people who don't have smart phones here, can't afford them, and people who don't have bank accounts here. you need a line of credit, you need some technology to be able to live in a cashless society. and that leaves out a large portion of our population. >> reporter: the brooklyn restaura

emily: you invested in venmo and braintree. is cryptocurrency on your list?e invested of a handful of companies that use blockchain, we invested in one company that is a cryptocurrency based business, although it is not on the consumer side that they help businesses move money out of africa, largely, because there are a lot of currency controls and those countries. &g is a customer of them. but largely i am not investing in cryptocurrency itself. emily: we have been talking about sexual assault accusations against the chairman that announced today he is resigning from sherpa capital. what is your reaction to these allegations, and plans to address the climate for women in entrepreneurship going forward? know him, so i cannot comment. but from a greycroft perspective, we have a female partner, one of the three founders. time, there were not very many females in the venture business 11 years ago. there are quite a few today. internal study. over 40% of our portfolio companies have a founder that is either a minority or a woman. emily: ian sigalow, greycroft par

you look at venmo.t for your grandmother, you can do it via text. >> very, very easy. is it generational, though? >> owneh, i think it has starte with millennials, certainly. this is something that's not going to change. now, there are groups of people who are left out in this. if you're in part of the unbanked part of our population. it means that there's establishment and economic activity that you can't participate in. so that is one of the societal challenges we have to deal with as the proliferation continues. >> this is a global trend, right? we're seeing this across the globe? >> absolutely. in sweden, in china. wherever people are more connected to their phones and doing more activities on their phone, the more economic activity, you're going to see more business. it's not going to change. >> it's really interesting. >> how about the impact overall on the economy? is there an advantage to not using cash? >> for businesses and banks, the reason they want to do it, there are a lot of transactions,

venmo now processes $2 million a month.le has similar capabilities and these free services are so popular 30 major banks recently launched competing products. doing away been a big boom for small businesses, too, like the restaurant sunday in brooklyn. >> the transaction at the table is quicker and guests are looking for the cleaner, safer, easier transaction and having a wad of cash in your pocket just isn't convenient. >> but, 7% of americans do not have access to banking or credit cards. that adds up to 9 million households that operate with cash only. >> when a business says we will not be accepting cash here it also is saying we will not be accepting people who don't have smartphones here or can't afford them and people who don't have bank accounts here. you need a line of credit. you need some technology to be able to live in a cashless society and that leaves out a large portion of our population. >> reporter: the brooklyn restaurant says it will not discriminate. >> if it did become a concern i think we would pivot

maybe we could venmo?s and applause ] >> guillermo: do you do parking validations? >> no. ♪ yoda yo-yo-yo yoda >> jimmy: i like all of it. tonight we are all-star wars: the last jedi." we'll be right back with rian johnson, mark hamill, adam driver and daisy ridley. [ cheers and applause ] ♪ >> dicky: portions of "jimmy kimmel live" are brought to you by duracel. the number one trusted battery brand. ♪ ♪ ♪ for those who know what they're really building. always unstoppable. ♪ ♪ you are a city city wall, city wall ♪ ♪ ♪ she could be dancing down a hall, dancing down a hall ♪ ♪ we're turning heads, we're turning heads, ♪ ♪ we're turning heads, oh yeah and nothing can stop us now ♪ ( ♪ ) we're proud to reveal that jim beam black has been awarded the world's highest rated bourbon. their words, not ours. make history. ( ♪ ) well it's a perfect nespresso hold on a second.orge. mmm. ♪ [mel torme sings "comin' home baby"] hey there. want a lift? ♪ wher

it's either my credit card or out with friends i'll use venmo. >> reporter: where people can pay each other on a smartphone now processes $2 billion a month. this year, apple added similar capabilities in imessage. these free services are so popular, 30 major banks launched a competing product called zelle. doing away with small businesses has meant big business no this restaurant in brooklyn. >> guests are looking for the cleaner, safer, easier transaction and having a bad wa cash in your pocket just isn't convenient. >> reporter: but 7% of americans do not have access to banking or credit cards. that as up to 9 million households that cop rate with cash only. >> when a business says we will not be accepting cash here, it also is saying we will not be accepting people who don't have smartphones here or can't afford them and don't have bank accounts here. you need some line of credit and technology to be able to live in a cashless society. that leaves out a large portion of our population. >> reporter: the brooklyn restaurant says it will not discriminate. >> if it did become a concer

no this is a company that's become the preferred payment platform for millenials they love to use venmo agnostic about where people spend money and they are spending more money now. incomes are up and we think the trend should condition. >> all right thank you very much. michael farr and kari firestone, thanks for joining "halftime report" today. l'> next up, the futures team on ois big price surge today. will it last find out "the halftime report" is back in two minutes. well, it's earnings season once again. >>yeah. lot of tech companies are reporting today. and, how's it looking? >>i don't know. there's so many opinions out there, it's hard to make sense of it all. well, victor, do you have something for him? >>check this out. td ameritrade aggregates thousands of earnings estimates into a single data point. that way you can keep your eyes on the big picture. >>huh. feel better? >>much better. yeah, me too. wow, you really did a number on this thing. >>sorry about that. that's alright. i got a box of 'em. thousands of opinions. one estimate. the earnings tool from td ameritrade. >>>

. >> when you listen to paypal talk about venmo, they talk about it as a social media network. >> i thinktheir silence speaks volumes here the fact that we're not rushing into the market on this nascent technology that's really yet to be proven outside an historic run on the stock charts here as it pertains to the stock chart itself, you're moving sideways here. that's bringing expectations down as you go into a period of very strong seasonality, you want to buy large cap tech stocks like facebook when the stock is consolidating in sideways fashion. >>> coming up, the hedge fund manager who has just bid a cool million bucks that bitcoin will rise you won't want to miss that. >>> energy stocks leading the market today are any of the traders buying this move? we'll find out >>> later, tim has the hot hand. we're talking about a pitch out of the park. now he's doubling down on one stock that's already up, 80% this year. the name when "fast money" rerntus. for your heart... your joints... or your digestion... so why wouldn't you take something for the most important part of you... your brain.

right now, we're popping in and out, you go to venmo, you come back to facebook or what's app. there will be an integrated app that will help you manage a lot of things in your life p.m. there's a lot of reasons they're doing it in china, they're monitoring what's going on. there's an element to that that it's seamless in how we manage things. what we're going to see is probably a little more aggregation with the way we manage our own individual financial services and our technology as well as other things that go on there. so there's multiple things beyond social media, and the basic networks that we're looking at here. >> let's see if anyone in the audience has a question. we'll be able to get more questions in if we have them. if you can identify yourself as well, when you have a question. >> i wanted to ask some questions specific to small businesses. we represent small businesses that don't have the purchasing power of some large corporations and they depend very heavily on the internet in order to survive in many cases. some of our members have expressed concerns that rep

venmo, the peer-to-peer network is bougrun by paypal. >> as long as they don't start tacking on fees. buried inside. >> convenient though. >> mm-hmm. >> robert safian. thank you very much. >> good to see you. >>> lionel richie said it wasn't easy to become a superstar. >> i grew up extremely shy, and going out on stage used to be torture for me for many years. >> did you have stage fright? >> please. panic attack. >> really. >> of course. and when i went solo, i really had a panic kennedy center kick off the new year with a deal that will save you money for the next 2 years guaranteed. get the 100% fiber-optic network with the fastest internet available. plus up to 200 channels. plus phone, plus showtime for 2 years. plus multi-room dvr service for 2 years. plus a 2 year price guarantee. all for just $79.99 per month online with a 2 year agreement. that's a lot of pluses, and over $800 dollars in savings. but hurry this offer ends january 17th. go to getfios.com >>> sing along with lionel

venmo, the peer-to-peer network is bougrun by paypal. >> as long as they don't start tacking on fees.s buried inside. >> convenient though. >> mm-hmm. >> robert safian. thank you very much. >> good to see you. >>> lionel richie said it wasn't easy to become a superstar. >> i grew up extremely shy, and going out on stage used to be torture for me for many years. >> did you have stage fright? >> please. panic attack. >> really. >> of course. and when i went solo, i really had a panic attack. >> all night long, how the kennedy center nominee >>> sing along lionel richie's hit song "hello" is from his album, "can't slow down." it's one of four has an oscar. his latest is ahono it aired last night on cbs. alex wagner spoke witho learn h from alabama became an influential star. >> everybody, let's get up on our fe et. awarding your entiretime. and then it finally happens -- it's almost disbelief. >> you kn, my brother, no one deserves this award more than you do. ♪ but i'm easy ♪ >> it's one of those things whyo backyard, sit down quietly and go, how did this happen. decade's worth of hits.

lots of options like paypal or venmo or text it with google pay.have it shipped there are last-minute options. >> a lot are offering expedited shipping. it varies by retailer. >> reporter: the clock is ticking. two-day express shipping ends tomorrow at noon eastern time and 9:00 a.m. on the west coast. for you amazon prime members, the cutoff for that is tomorrow and if you aren't a prime member but have a lot of shopping left, hey, how about that 30-day free trial of prime but make a note on your calendar to cancel it in early january or you'll pay the $99 annual fee. now, let's talk experiences. a new survey says 40% of shoppers plan to give experiences as gifts. we're talking dinners, wine tastings, concert ticket, spa certificate, music lessons, i can go on and on but an experience, amy, is a gift that keeps on giving. >> i'm ray big fan of the experience gift, also maybe i'm a big fan of procrastinating. i'm in luck i noticed yesterday in some last-minute shopping there are deep discounts going on. they're talking about early after-christmas d