Stock drop. First of all, paypals thirdquarter sales missed the estimates. Were the estimates missed the actual sales. It was the first report after its july separation of ebay. . 31 a share, some of the analysts were wrong. They guessed . 29 and 2. 28 billion, according to bloomberg. Paypal faces serious competition from square, android pay, apple pay. Big companies they are doing battle with now. Joining me to discuss what they mean, paul and tom. Tom, let me start with you. In the quarter, this was baked in after the company split. But they appear to be doing a little better, after the analysts try to understand the business. Tom here is what happened. Paypal split from ebay. What we thought was going to happen was that paypal was supposed to be this Growth Business that was supposed to take off. We have ebay numbers exceeding expectations. Paypal comes out of the gate and it kind of flopped. People are looking at take rate, the amount they take home per transaction, and they are se
Guidance, and a big stock drop. Lsst of all, paypau thirdquarter sales missed the estimates. It was the first report from july separation of ebay. Some of the analysts were wrong they 2. 28 billion, according to bloomberg. They face competition from square, android pay, apple pay. Joining me to discuss what they mean, paul and tom. Tom, let me start with you. In the quarter, this was baked in after the company split. But they appear to be doing better, after the analysts try to understand the business. Tom here is what happened. Paypal split from ebay. What we thought was going to paypal was that theopa supposed to take off. Now we saw ebay exceeding expectations. Paypal comes out of the gate and a kind of flopped. Theyre looking at take home grade, per transaction, and they are seeing it drop. You are seeing a lot of purchasing power. Cory it is fairly interesting paul, went company does an ipo, they make sure they have a surprise in the first quarter. What is there to be concerned wi
Ck traffic maps 680 cleared a minute and a half ago. Back to you. Ghtenank you, mike. G leadwed you a clip of the chaos a second ago, frightening ssibe enthe east bay after a heated debate over Affordable Housing leads to a violent on rent increases above 8percent. Sam cu uc merced is closed this morning as Police Continue to investigate a stabbing attack that injured four people and led police to shoot and kill a student on campus. Take vo one of those stabbing victims is now being called a hero. Byron price says he thought he was rushing in to break up a fight. Instead he was confronted by a man stabbing a student in a classroom. The suspect was shot and killed by campus police. The sheriffseparent is not revealing a motive for the rampage. All four stabbing victims are expected to survive. Classes are expected to resume on friday. Laura cu we have some new details on a gruesome crash that injured two 12yearold boys in San Francisco. A woman drove slammed into them in a marina crossw
49. Theres other locations, livermore, san jose at 61. Fairfield, finally dipped to 59. They were 64 for a while. Cloud cover continues to stream up. Its being caught up around that low which will be here wednesday into thursday. At least we think so. Its been a slow, slow mover. Not much of a delta breeze. Its been nonexistent for a long time. Been a busy morning from north to south. It sure has. We do have a lot of slow traffic out there, steve. Well start off with a look at some of these commutes with southbound 101 there is a crash near the marinwood exit. This morning it will be slower as you drive through the area. In solano county, we have very slow traffic in vacaville and fair field because of an earlier problem. Westbound 580 slow, altamont pass. Pleasanton to fremont and then san jose northbound 101 already slow from north of 280 all the way up into Mountain View. We had an early problem on 101 that caused thebackup. Bay bridge toll plaza is backed up for a 20minute delay. N
When i have questions about their records, but in this nominees case, i simply cant ignore so many indications that the nominee isnt the right person to occupy a lifetime appointment to the federal bench. I sincerely hope that im wrong about justice white, and i reluctantly vote no on the nominee, and i yield the floor. The presiding officer the republican whip. Mr. Cornyn over the last several weeks ive spoken about the ongoing crisis on our southern border, something the president has acknowledged as a humanitarians crisis with tens of thousands of unaccompanied minors making a perilous journey from Central America and ending up on our doorstep, most often in my state, the state of texas. This year the numbers are skyrocketing again. Starting in 2011, we saw the numbers roughly about 6,000 unaccompanied minors. They have doubled from 2011 to 2012. They doubled again from 2012 to 2013, and they look like theyre going to double again from 2013 to 2014. And we can only wonder what might