We have all of the details on a new super fast offering from elon musk. Take a look at the jump on this chart. Today, the search giant adding 65 billion to its cap. Todays gains pushed the companys volume past microsoft and witches were which is worth three and 77 billion. Google is not the only stock having a great day today. Apparently they have a google algorithm traffic boost. There is somewhat wild stuff going on in the market. I know that google beat for a while, but were you expecting this jimp . Investors have been neutral and for the time in five years operating margins were up year. It is an Inflection Point high singledigit, low doubledigit sure. Scarlet netflix, facebook amazon, what is going on . They were oversold. And then we had a series of orders that should really inflection for the when it comes to subscribers, google cost profitability. We have had good fundamental news on stocks that were oversold at the beginning of the year. We have come back to reasonable validations for this sector valuations for the sector. Emily how much of this has to do with the google ceo . The communication style. She replaced to cfos in the past that were relatively indifferent to the street and they let that be clear. The system comes in and understands what the street is focused on. She knows it is important to people so she wants to let them know part of her consideration. This will be a fake cost company, and big expense committee, a big advancement company for the next years. She will be more disciplined about it and primer cfos were. Emily should amazon be taken ing cues from the austerity measures . Probably not. They are going to be doing this for the next 15 years. Googlers the computing infrastructure. Core competencies. Emily after 13 years of marriage, ebay and paypal will officially go their separate ways. Ebay announcing 10 months ago that it split off paypal in order to focus the two companies on growing profits individually. Paypal individual shares are connected to be trading on the nasdaq on monday. I sat down with the man behind the split in an exclusive interview. Iran the ebay business before i was ceo, and has worked with it for me for the last three years and i said i can hope you and coach you the same way make helped me. I do not have to be on the board to do that. With shulman coming in, i felt like i can come how dan and paypal get their sea legs as they get becoming public company. Dan will be in charge. Emily do you see them remaining an independent company . How important is it that they remain independent . It is for the paypal does whatever it needs to to build a successful future. I think people will continue to be an independent company, but who knows how the markets will turn out . Emily you think they will continue to be independent . Anytime i bring them up people say that alibaba whatsit, google wants a, samsung, fever, they are all going to bid. The thing to keep in mind is that payment is a really hard business. Emily do you think that paypals future is best served if it remains neutral so that it can partner with all of these Different Companies . As of now, yes. Paypal is going to do what it needs to to position itself to build the greatest value over time. If market change down the road we will act rationally down the road. For now, paypal has singular focus on payments. It has unique set of assets. I think that bodes well for paypals future. Emily how do you think facebook messenger, and Similar Services could take a cut of Digital Payment . I think those services are similar to what skype and others want to do which is at value to their experience and close a loop. And paypal could enable peertopeer payments. It is painful to lose a great leader, and i love david and i was the one who appointed him and coached him and was his biggest fan. But these companies and these businesses change fast and his torture dignity to go out and find out whos the best leader for the next five years to maybe 10 years for paypal. And dan shulman is badly. He brings a unique set of ground background and capabilities to paypal. He has mobile experience, he is technology experience, he understands payments. He is a seasons, global leader. I have no doubt, and i do not think any paypal employee has any doubts that he is the right leader for paypal over the next 3, 5, 10 years emily . Emily that was my interview with john donahoe. I want to bring mark back into this. Do you think the spinoff is good for both companies . Mark i do not think it necessarily providing a lot of greater disclosure for investors, but you have to assets going in different directions. Ebay is asked growth. They are going to be invested in differently. It is a very different investor based on both companies. It is a recognition by the ebay board and that these are fundamentally different businesses, and ebay no longer had growth ahead of it. Emily everybody is talking about paypal as an acquisition target, some people say ebay could be more of an acquisition target rate will they both remain independent companies . Paypal is trading at 25 times earnings, is that we will see on monday and tuesday. That makes it harder for a lot of companies to legitimately make that deal for you help out deal work. But there is a much broader range of companies that could actually take a look at ebay and make a deal on a flying ebay. I think the will be more digital buyers by a financial perspective. Emily i did speak with the paypal ceo designee. He talks about the potential he sees. I think that paypal has the opportunity to make managing and losing money a right and not a privilege. That is a big opportunity for us on the consumer side. We just have to be more in the middle of how people manage and move their money. Emily he was the ceo of paypal back in the day. He thinks he could be a hundred Million Dollar company. Mark youve do go five years out or Something Like that. The type of growth you are able to do, 20 on the top line, if they execute and a bunch of things committee to make sure they get mobile rights. If there any success in offline payments try to roll a square or out to square, that is the path. With they have to execute well. The Competitive Landscape is not tougher for eva, and that has justified them to do the acquisitions have done. Emily when new look at the traits that are happening right now in advance of this split which will guide where the price opens on monday, we are seeing paypal at 848 billion market cap. Google, facebook, amazon, netflix, all of these companies are waiting to go public longer than ever. Mark theres a believe that the Public Markets are two shortterm reagent. Netflix would not have the evaluation it has if been markets were shortterm oriented. The Public Markets are willing to do longterm dcs. Private companies that are trying to say out of the fray because theyre worried about the volatility, i think they are making a big mistake in your it is part of your strategic flexibility by staying private brady cannot do substantial m a if you are a private company. I think Public Markets would embrace them, would love to see some of these uniforms come public. The market is there for them. Emily we will see if they start listening. Thank you for stopping by. Do not forget, our inside paypal special coverage continues on monday. We will take a closer look at the very dramatic changes sweeping the claimant pay ment landscape. Up next, United Airlines pays out. Where he is planning to go with the milling frequentflier miles. And elon musk is going at ludicrous speed. Emily from the insane to ludicrous. That was the big announcement from elon musk. They will have an improved in same option called ludicrous. It will accelerate from zero to 60 in 2. 8 seconds and lower the price by 5,000. With his announcement we are actually improving the lowend and the highend. Now there is a model is available for 5,000 less, but theres also a model is available for 10,000 more. Emily will this price reduction actually moved tesla sales . Cory, i will start with you, how big a deal are these improvements . Cory what we know from tesla is that tesla owners like the most expensive stuff is the cheaper version of the car barely sold. The 70,000 version 70,000 version of the car came with so you the frills that is holy good news and positive for tesla because it will lead to higher revenue for their average sale. What is also interesting is that if you look at tesla sales they have sequential growth in sales. The introduction of their allwheeldrive lead to a big onetime boost in sales. What they can learn at tesla, is when they something you will pay to get it to emily the thought of zero to 62. 8 sections ito 60 in 2. 8 seconds scares me. What they have been saying for the last several years is that every year we will have some percentage improvement in battery chemistry which improves the range and what is lost in all of this is the 300 mile reported ranges of 90 kilowatts battery. There is a percent loss with the model asked a bigger and heavier. The fact they will have an improved battery will help to offset some of that loss. We may be are more positive on the model asked range that is comparable to an existing model s. A slow and steady battery chemistry improvement and i think that is the catalyst that we are most focused on. Emily the suv, tailored toward female customers is at all about the cheapest model that comes out in a few years . Will that have an impact on sales . Cory i think that was a big part of this. Are they going to get an economy that will allow them to take a 70,000 car and make it nearly as good for half the price . Lost in all this is the slippage of the timeframe for the release in the model three. There is no real news about that. Hes adjusted it would be ready in two years. With a of the hangover time has changed in what they have been saying over time has changed. In may he says late 2017. With no announcement from the company, he said it will not be in production until 2018. This car is slipping in terms of its production time, and the incremental changes in the battery chemistry and the new spark plug are not enough to get them to cut half the cost. That is why is being pushed out. Emily cory johnson from our editor at large. Thank you for joining us. It is time to take off. If you were one of the two hackers who just one one million frequentt flyer miles from american airlines. It was e. Max fryes for finding weaknesses in this is the it was the max price that they could receive for finding weaknesses in the system. The airplane line has paid out smaller prizes, but this is the first time they had paid out the full reward. What can you do with 1 one million frequent flyer miles . Trips around the world will be on the horizon. Up next, amazons competitors benefited in big ways from amazon prime day. And google can thank you to four series user growth. Emily it is time now for the daily bite, number who tells hotels a whole lot. Todays number is two. On amazon prime day competitors emerged as the real winners, experience nearly double of their amount of web traffic free to the data comes from Performance Marketing Company of logic. Bigbox retailers jumped on the discount bandwagon by beefing up their own discounts and the strategy paid off. Competitor traffic and already spiked to 2. 5 times the average which translated into a boost in sales and an allaround win for online retailers. It has been a huge week or media disruptor. Netflix surging on subscriber numbers and reports that hulu maybe we aim at free service to catch up. The company said in its earnings average daily youtube feelings soared 50 since last year, to 40 minutes. The Company Claims that golding age bracket watches youtube more the Cable Television in the United States into pioneer. The ceo of the Digital First reduction Production Company joins us now. What do you make of the Google Youtube numbers . Is that what you are seeing . The surge of 50 in terms of viewing . That is not surprising at all. With mobile especially there is a lot more viewing happening on mobile which is increasing watch time. People are Walking Around watching videos now a lot more. And that is a natural progression. Emily where do you see that going . Is this the and the Cable Television or the beginning of it . It is an exciting time more models are changing. But i do not think the television will go away. I think this is a golden age for television because i think the hourlong drama and some of the content we are seeing her tv whether it is on television or on net links with the creative torments are much richer with the storytelling and you also have the short form content on youtube. They are reaching large audiences. Emily you have been in this business for a long time. I want to talk about your company. You have been on an m a tear. You were bought at 100 million. What is the coal of zealot . We want to be the next Great Entertainment Media Company, with true traditional media and online as well. We are looking at all of these new and emerging left arms of youtube, google, face and how our audiences transitions and how we beat for their attention. Emily what do you say of your competitors . A lot of people are saying buzz feed, or those coming up as competitors, which i think there is definitely a lot of similarities. Emily what are the differences . So lets is pretty unique in the fact that we are building from an m a foundation. Those are becoming Component Parts of a holistic Media Company moving forward. I think at zealot, were looking at how do we take Companies Like it and make that transition to more of an online digital media. Emily always fascinating. Thank you for joining us. We have some breaking news now out of yahoo . They Just Announced an initial filing with the sec to spin off the companys remaining holdings in alibaba. They the spin off to be completed in the Fourth Quarter of 2015. That does for this friday edition of bloomberg west. On monday, our special coverage of paypals split from ebay will continue. This is iowa. Mark i attended an event with Governor Scott walker a couple of blocks from here. Jennifer jacobs from our partners and more he registries joining me for a classic two for this week. The democrats are having a hall
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