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
As we used to say. Maybe we still do. We do. Of course we do. You can see there the dax in particular up 1. 69 off of not a bad overall year as we look at yearly returns. How is the tenyear note yield doing you ask . There it is. 2. 25. And of course crude and natural gas crude in particular, so important in the movement of the market, down yesterday. Market down. Up today, well see whether the broader equity market follows through. We have the latest s p caseshiller home price report. That was released just a moment ago. The results being shown, you can see them at the bottom of the screen. It looks like a decent october. 5. 2 annual increase based on what they saw in october. 2015. Verses a 4. 9 increase in september of 2015. San francisco, denver and portland continue to have the hottest housing markets in the country, at least at this point. Not a great year for housing stocks. Home builder stocks had a lackluster year when you look at the performance thus far. The open question fo
Unemployment insurance extension. The house not in session today. Members return tomorrow at noon eastern for legislative business. Among the bills being considered under suspension of the rules, one that authorizes 150 million in aid for ukraine and expands sanctions imposed this month by the Obama Administration against certain russian and ukrainian officials. This bill passed the Senate Last Week by a voice vote. Votes tomorrow are post poped until 6 30 p. M. Eastern time. You can watch live gavel to gavel coverage of the house on cspan and the senate here on cspan2. Cspan, created by americas Cable Companies 35 years ago and brought to you today as a Public Service by your television provider. Host david cohen is the executive Vice President of the comcast corporation, and hes our guest this week on the communicators. Be mr. Cohen, when it comes to the comcast Time Warner Cable proposed merger, whats the biggest hurdle that you see facing comcast . Guest so what a surprise we shoul
Spectrum auction at the fcc in nearly half a decade. We will have another later this year. The a spectrum auction, which everybody has been eagerly anticipating, the incentive option of spectrum in 2015, as the new fcc chairman, tom. Heeler, has stated that is, as i see it, one of the bigger issues in congress and the fcc on the tech front. Wireless carriers have been lobbying aggressively for many years to free up federal airwaves, commercial airwaves to satisfy their consumers appetite for bandwidth. How major is this months spectrum auction . Later this month, the fcc will hold an auction for spectrum. Many people thought it would be a bigger deal. Basically, there is going to be. Nly one bidder is dish for years, Sprint Nextel had suggested that they were going to bid, but they have not filed bid. Plication to the to they have no interest at this point, so it is really going to buying thene spectrum. Not really a spectrum auction so much as a spectrum sale, but we will see the fcc