He saw the introductory video. You do have an idea but i love to do a state of the union on how square is doing and usually had a pretty positive Quarterly Earnings report, your stock is up 96 yearoveryear and are starting to make money on things like peer to peer payments. How much are you processing the monthly . Monthly, i dont believe we give up those numbers you can give it out now if you like to i could but i wont. [laughter] since you started square nearly a decade ago, nine years ago, what has been the most significant or surprising change you have seen happen in the business . In our business or the industry . Both. When we started we were having an offsite today and tomorrow and weve been discussing a lot of the companys history and where we are going and one of the things that we started with was we were trying to solve our competitors problem which was he cannot accept credit card. We got fixated on building little device that you can plugin to his smart phone so you can ac
Long and nobodys ever seen this much water. Historic, after what happened, but it happened in texas and texas can handle anything. Trade to residents in the houston area but they welcomed flight. The sun finally rising go viral. Harvey continues to have an impact on the energy area. Reuters reporting the largest refinery in the United States shutting down due to the storm. This disruption could have a major toll on gasoline prices as they head to the holiday weekend. Right now one fifth of all u. S. Refining capacity is shut down and gasoline prices already a. Gasoline prices of 20 cents a gallon continued to rise. Features in the stock market are showing gains across the board on the dow futures after a nice reversal of the market yesterday. Blue chip of about 57 points in trading tuesday. The psyche of reading a secondquarter domestic product, our biggest reading on the economy divided it to the event eastern time could expect them to. 7 growth. Investors eyeing President Trump on ta
And in our more Perfect Union series, a pair of texas Furniture Stores opened for people who need food and shelter. The owner says we have got to give people hope. But we begin this morning with a look at todays eye opener, your world in 90 seconds. The First Responders are so busy. 911 calls are not being answered. The situation in port arthur continues to be dire. Tropical storm harvey makes a second landfall overnight. Unless youre in imminent danger, youre just going t have to figure out a way to deal with it. Torrential rains all through the overnight hours. Were seeing catastrophic flooding again in texas this morning. The recordbreaking rainfall that flooded houston is expected to wind down today. Rescues continue, the need in this region is only growing. Thousands who fled harvey are jammed together at double capacity. There has never been anything so expensive in our countrys history. Theres never been anything so historic in terms of damage. The president spent the day in tex
Nationwide, an average gain of 225 cents per gallon. 2. 40 as the National Average price and this is just the start. In houston, the sun appeared briefly. It was a curfew overnight. 14 looters arrested. The rescue operation remains in full swing with the volunteer navy plucking thousands from their flooded homes. Thats the inspiring part. Youll see more of it on this program today. The media however, they just had to spoil it, didnt i. . The president went to texas to offer federal help and they picked on melanias shoes. Enough, please. Today the president goes to missouri. Hes refocusing his presidency and the deal with, grow the economy. Most of america likes this. Varney company is about to begin. Well, look at that. The sun came out this morning. That is the son in houston, texas. Came out however briefly. First appearance since thursday of last week or obviously a very welcome sight. Jeff flock, the man from richmond, texas who has the best of the volunteer navy yesterday is now w
Open european markets lets take a look at europe and see how its doing. Yeah, there you go. Look at it. The expanded accounts review. Lets go to kayla with more on that story about new numbers in terms of wells fargo. This investigation has been going on for more than a year. It cost the job of its former ceo but the bank announcing this morning that that he review is now complete they did find close to a million additional what theyre calling potentially unauthorized accounts thats up. The number is now 3. 5 million and the bank says that in addition to that they also identified about half a million points higher ten shl i unauthorized online bill pay enrollments. The bank gives more detail on how much money paid out as part of the investigation its paid or to be paid as part of the Third Party Review today. They already paid close to 4 million of compensation in july of this year and paid through a Class Action Settlement that goes back to 2002. The banks current ceo said in a press