it will map the users face and send information to mastercard for approval. this is to prevent hackers from up loading the photo. >>> we have new developments in the shooting that happened at the pride celebration, how social media helped track down the shooter. >> the emotional rememberance for a young woman killed. >>> i'm keeping an eye on a nice commute. here's what things look like in the bay. a lot more folks out and about, possibly trying to get out of town. we'll have to get away traffic forecast coming up. >>> outside the doors a mostly cloudy start, we have drier weather, mild to warm weather expected. a minor cool down for the next few days, what you can expect, coming up. >>> good morning to you. welcome back to mornings on 2 friday, july 3rd i'm brian flores. >> i'm gasia mikaelian in for pam cook this morning. let's get you out the door with whatever you are. that muggy air still hanging around. >> you are right stuck in this pattern far little while longer. as you get into your bay area weekend, whether be drier but at the moment mostly cloudy

mastercard is also launching instant pay. something apple has already unveiled. >> you're going to be able to use it at gas stations the dmv, at grocery stores at some point. you can already use it online. >> it's just everywhere then. >> it's going to be ubiquitous. >> use it when you go to the doctor. most of us have gone to work with a cold once or twice. a new study shows even most doctors do it as well. a survey from children's hospital of philadelphia showed more than four out of five doctors and nurses admitted to going to work sick. many say their practices did not have enough staff to cover for them. if they called in sick and more than half say they are worried their colleagues would think less of them if they stayed home. >> if you don't come in to work on monday you have twice as many patients on tuesday. >> there you go. >>> let's check in with carrie and a beautiful forecast. >> it looks great out there, especially for this time of year, we don't have to deal with any searing heat waves at least temperatures in

mastercard can now respond to those accusations. if they are upheld, the could be fined up to 10% of the annual turnover. another 4.5 million cars around the world are being recalled for faulty airbags made by takata. it is thus be responsible for over eight debts that for at least -- for at least eight deaths. i was preparing his biggest -- apple is preparing his biggest batch of iphones, 90 million by the end of 2015. apple boasts upgrades to its newest model touchscreen technology. genie: thank you so much for that look at the business news today. time now to take a look at the press review. we take a look at the weekly magazines. lots of focus on the greek debt crisis. >> one of the major stories in most of the magazines. let us start with the french magazine. never without greece. you see a photo of a greek statue turning its back on the readers. seven years after the fall of lehman brothers, it is still stuck in a crisis. how did we get here? this takes a closer look at this trap as it calls it, a tragedy in five acts.it looks

mastercard. the head of soccer in europe says he will seek the presidency of the sport's world governing body. fifa chief sepp blatter is stepping down in october. those are your top stories at this hour. it is decision date for the u.s. federal reserve. while the central bank is not expected to raise rates today, we may learn more about the timing of potential future rate increases. we will bring you the announcement live at the top of the hour. the chief u.s. economist at hsbc securities joins me from his firm's offices in new york. thank you for your time. reading a note from the 24th of fromsays no july fireworks the fomc. are we going to get any guidance ? >> no, not likely. the fed wants to keep a low profile on this one. people are wondering whether they might drop some hints and send a signal that a rate hike is coming in september. i doubt that very much. minutes fromthe april, the committee already decided they would not send signals from one meeting to the next. they will wait on a mee

hurt mastercard overseas. shares up in arab red is setting a record day after the bakery chain reported that sales have rebounded -- shares of nara ra bread.pane the next round of job cuts could hurt users. -- chevron00 jobs eliminating 1500 jobs. drillersroviders and have been the hardest hit. coming up on the bloomberg market day, a big question for suppliers, what to do with all miles, one cup he says use them to pay for college expenses. ♪ canada, starting with frequent flyer miles pilot pretty quickly. airlines are making it harder than ever to redeem them for flights. why not cash in those points on something useful like college education? a company in canada does just that. she is the founder of higher ed -- she joins us via skype from toronto. tell us how your services work. this was a fascinating article on bloomberg.com. can anybody convert miles into money used to fund college expenses? and convertct miles those into payments for tuition, meal plan, resident fees and student loans. tell us what pr

news of visa and mastercard closing the door to the site was a huge win for her and her girls. >> they themselves were in this type of exploitation in hotels all across washington d.c. hoping to find a way out. instead men were walking in, not helping them, having sex with them, paying them money and walking out the door. everyone profited. backpage profited. other sites, the traffickers and you bought sex and the girls were the ones left with stds, abuse and years of trauma. >> reporter: none of the survivors wanted to talk on camera. powell said most are first trafficked between 12 and 14 years old and many come from d.c., maryland and virginia, some from affluent families. there are many. powell says she scrolls through 200 to 400 sex ads a day on this site. she said this is major, a possible game changer since she and other advocates have lobbied backpage for years to stop helping pimp people. >> it will make it harder for pimps to do their business and for men to buy girls and it will create a new shift. other companies will be watching and they'll be pulling out as well. >> ameri

niacompaÑÍas, mientrasm as info informaciÓn pero rsonal nuestra ten tengan, hay maÁs peligro . >>> mastercard le dijo a tl telemundo que lel nuevo ptroyecto de aplicaciÓn estarÁ disponibles a finales de veranos o principi principios de otoÑo, asunserÁ muy interesante ver como con las sel selfies protegajamosjamos las comprtas. >>> imaginio o que hay yo las parÍ, pero no son mÍas. >> ¿cÓmo estÁn? dame un besito. >> es cierto... es cierto que yo esperaba una niÑa no esperaba tres niÑas. >> Él me dijo que me iba a sacar de cuba y que me iba a dar la cantidad de dinero, ¡era un negocio! ¿y cuÁl fue la sorpresa? los dos presos por traficantes de drogas. ya ellos salieron, doctora yo no quiero a esas niÑas. allÁ en el maletero yo les tengo todas las cosas yo no me voy con ellas de aquÍ hoy. >> ella vivÍa con mi abuelo. >> ¡desgraciado, igual que tÚ una basura! >> eres una puerca eres una estafadora. y va la prisiÓn y me dice que estÁ embarazada, porque mi abuelo me deja a mÍ un dinero me deja 20 mil pesos. >> Él me abandono

so they can better compete against mastercard there as well. we have big names that we're watching and big movers. it is interesting. we've seen volatility with earnings. a lot has been to the downside. we'll see names blowing it out to the upside today. it will be a different market today. dagen: my favorite story today is the new converse chuck taylors. >> they're kind of hot. dagen: we'll tweet photos of them. we'll be all wearing them. not on the air today. investor get another reading on housing sector with the release of new home sales for june. estimate for sales for them to come in at annual rate of 546,000. that would match the may report which was up more than 2% from april. according to the national association of homebuilders, survey, builders are noticing an uptick in potential buyers. that should push sales higher. with the anticipation of higher mortgage rates, it appears that buyers are stepping up, locking in a rate now, taking out a mortgage and, buying a home. let's get you caught up on global markets n europe stocks are up a

it will map the users face and send information to mastercard for approval. beeliking feature was incorporated to prevent hackers from up loading the users photo if get access to their account. they hope this will cut back on fraud. >>> there will be a free live sigh mull cast at at & t park. the come by that will be shown on a 103-foot wide screen. you can munch on hot dogs and garlic fries. >> i have been going for several years. it's free. bring a picnic you can sit in the outfield. i can't say enough about the event. >> she just read my entire story there. it's a popular event. typically attracts more than 20,000 people. it's okay. there will be an added perk for passengers for sfo over the weekend. the humane society bringing therapy dogs into the terminal. the whiskers and wag program shows how canine companionship can ease stress. the dogs will be inside the airport today through sunday. >>> tomorrow joey chestnut will try for his eighth victory in nathan's famous hot dog eating contest. for the first time he is worried about one of the other contestan

we're seeing mastercard trade higher in the after hours session. >> talked about it last night. don't confuse the three names. american express is its own entity. stay with visa and mastercard, different animal and processing transactions and prove it once again. too expensive at 25 times forward earnings, maybe that's the case. i don't think so. i think they are growing eps 18, 19%. it's fair. both stocks go higher. >> where do you go here, anywhere? >> done very well and ride and a little bit here and there. they are executing on all cylinders. >> the most excite part. >> starts with a b and ends with a q. >> we got big names reporting after the bell. >> let's start off with what is going on with a trt&t shares. they are positive. you can see in the after hours session up by 2.5%. now the move here, an interesting move here, they did beat on earnings and slightly missed but in terms of the overall wireless net additions, more wireless net adds than people thought they would have and that's kind of where a lot of people are pofocussing attention. at&t nice move there. trip advi

instead of using your fingerprint to authorize a transaction mastercard will let you take a selfie. mastercard plans to let 500 cardholders test it before everyone else. >> seniors in south jersey celebrated the fourth a day early will a holiday barbecue dam residents at spring hill's cherry hill assisted living facility enjoyed all their favorite grilled foods today. and the party was decorated red white and blue with patriotic music too. >>> folks packed the boardwalk in wildwood today. many were there to check out the july boardwalk craft show. a lot of things up for grabs from jewelry to hats, all handmade and homemade. you can check out the vendors yourself on the boardwalk at rio grande avenue. it runs, the show runs all week long. >> up next on "action news" at 5:00 tonight another check of that forecast. >> all right, check it out right now, sky6 is checking out center city where a lot is going on down independent hall and of course stick around meteorologist cecily tynan with details from accuweather on your holiday forecast when we come right back. that's odd... at our ver

take a look at the financials. >> tomorrow after the bells they report mastercard end of the month one of the things we've said for a long time is don't get confused don't lump american express in with visa and mastercard. they're just transactional companies. they process transactions. and they happen to do it really well. i think you can be in both of those names. still, to karen's point this stock merge express has floundered between 78 and 80. most of this year after the costco news. i see no compelling reason to chase it here. >> it's got to hold 76. that's the key level here. it also becomes a dollar story, right? because a lot of the reason why their revenues were down was because of dollar headwinds. so unless you think that the federal reserve is completely going to just stop raising rates, then you really can't buy it. for risk-reward where's it trading? 78 or so right now. so $2 you'd have to have it into the mid 80s. i think that's a tough buy right here. >> coming up next the details on what is behind the potential collapse of a $35 billion oil merger and the two stocks in

. >>> a smile not a swipe may be all you need the next time you use your mastercard. the company is experimenting with facial recognition to make it more security. just hold up your smart phone and snap a selfie at check out. mastercard will try this out in the fall with about 500 customers. >>> amazon celebrates it's 20- year anniversary next week, and commemorate the milestone, the online retailer offers black friday deals in july. the company will roll out what they're calling prime day deals every ten minute, but here's the catch. the bargain discounts will only be open if you have prime. >>> and bacon and pork chops aren't the only things getting cheaper. ribs and sausages are cheaper too. record pork production has created a glut of the white meat and pushed the cost down, so the next time you go to a summer barbecue, you can literally pig out. >>> all right, straight ahead, ex--disney ceo's comment on the women in show business got a lot of you fired up. >> and the deadly fireworks stunt one man tried to pull off that cost him his life. >>> and the do you want

after thelso reports close, visa report tomorrow, and mastercard next week. scarlet: joining us now to discuss american express is elizabeth excimer from our washington bureau. expecting this to be the beginning of several noisy quarters. we know that amex had some bad news cutting ties with jetblue and costco. will that distract people from the better trends in amex? >> you mentioned, it has been a bumpy start to the year for american express. one of the big things looming over investors is exactly how the end of the cosco relationship will affect the company. the focus this quarter after 4:00 p.m. when they announce, will start to be around expenses. the company has said, in anticipation of the official end of the relationship the next year, they will be bolstering their marketing efforts, investing in other products to retain though shoppers. analysts will be watching to see whether or not that started in the second quarter and what the impact has been thus far. alix: overall, and that has stuck by the long-term goal of 8% annual revenue growth, but frankl

bob is on the floor this morning. >> reporter: in mastercard reported as well. a mixed open. i'm a little disappointed because we're not getting the follow up in the sectors here. energies and materials, once day bounce back yesterday after days of being on the downside. materials just went positive a moment ago. but tech and financials and health care holding up and that's what people care about. financials and health care. as long as they're doing well, the market is holding up. we're a little better. put up the shenzhen it's still a pretty wild ride. almost a 7 % move from the bottom to the top. it ended positive but pretty wild intraday swing still. we also had a good day because europe is having a good day and earnings are out in europe as well. bayer did well. barclays is at a 50-week high. peugeot had a good year. the french car is up a lot. it's not a high price stock but up a lot this year. good news in europe. here in the u.s. the big multinationals are reporting and it's the same problems day after day. problems with weaker sales and currency. sales were eaton big

. >> reporter: for selfie obsessed generation, mastercard's new credit card upgrade is part cyber security, more marketing. here's how it works. rather then a pin codes and pass words that might be stolen you provide a photo to make an online purchase. photos would be converted into a series of ones and zeros and stored on their computers. and to authenticate your identity for purchase you take a photo and blink. >> the technology is much more accurate. >> reporter: this is a facial recognition expert. on the left a photo of him at a hockey game. the computer searches for a match. in seconds it has it. in one photograph do you have your glasses and not on the other. >> it wasn't matter. it's looking for mathematical features for what it can use. and some of them are not discernible by a human being. skin color and eye shape may not matter. cyber security experts say it's an important upgrade but there are also serious concerns. >>. >> the safe is going to be translated into ones own zeros. those have got to be protected. that is information that belongs to me. it's now out of my control, a

mastercard earnings were down 1%. its revenue was less than 1%. revenue missed estimates in this has to do with currencies. mastercard gets more than half of its revenue from outside of the united states. it was indeed hit by the dollar we have also seen u.s. gas prices crippling payments here at the pump. interesting outcomes of what is going on with oil. speaking of oil, let's move to the company coming in with a loss in the quarter. if you exclude items, it missed estimates. interesting here that the shares are trading higher. the company said that output was trading higher and total production was higher than estimated. 391,000 barrels per day. that is what is supporting the price today. let us get to the defense contract issue. general dynamics both trading higher. but beating in terms of profits versus estimate. both raising forecasts as well. in general dynamics case, the business jets were a source of strength you. it has also been benefiting from a rebound in its defense business. northrop grumman sells drones. that is one area is doing w

mastercard claims every smartphone company is on board with this. the next step is getting major banks to okay the payment process. >>> on the loose and insulting law enforcement. bay area police released a mugshot of a wanted fugitive and tonight the crook is taunting the police and the public. that and more on bay area nightbeat at 10:00 on our sister station, kbcw 44/cable 12. >>> and we have a few showers moving through the bay area. what after this heat event is happening. we details in the forecast and big changes by the weekend. its all coming up. >> ahead this wednesday, trouble in warriors paradise? hey! a's, rockies, the butler did it. >> only way i'm getting a triple if he goes down. >> and the jim harbaugh spotlight for all the wrong reasons. >> what can i do to make your interview better? >> >>> a vta meltdown in the south bay. passengers stranded on a train in san jose when something went wrong with the power system. they had to be rescued. some were treated for heat exhaustion. they say near the blossom hill station there is still no

mastercard says it is working with the commission. the global beauty industry is getting a makeover. they have agreed to by 43 brands from procter & gamble, covering max factor and cover girl. the transaction is valued at $15 billion. it makes coty into one of the biggest cosmetic companies. and a development bank will make its first loan in 2016. it was launched in the russian city on thursday. the meeting brought together the leaders of brazil, south africa and china and is seen as the clearest initiative yet on the five emerging economies forging closer ties. the new bank would have a starting capital of $50 billion. rom pacifica, this is democracy now! >> the offers for human rights say they're deeply concerned about the worsening humanitarian and human rights situation in yemen were civilians continue to bear the brunt of the conflict. the office now says a total number of siblings reportedly killed and injured since 27th of march is 1528 and 3605 injured.

mastercard has an ad. will it take off? >>> plus they say it's all about the timing find out why the return to the big screen failed to get moviegoers excited. hasta la vista, baby. are you moving forward fast enough? everywhere you look, it strategy is now business strategy. and a partnership with hp can help you accelerate down a path created by people, technology and ideas. to move your company from what it is now... to what it needs to become. >>> chinese market volatility continues despite beijing stepping in for emergency measures. the people's bank of the china is one of liquidatety to security finance. this after regulators announce they had would also limit the number of ipos, as you can see the market has ended in positive territory, plus 2.42%. let's go live to beijing. >> reporter: thanks so much wilfred. well, the chinese state media was putting a very positive citizen on the chinese stock markets today, with one editorial saying that the rainbow always appears after the rains. and this is after today, we saw s

mastercard claims every smartphone company is on board. the next step is getting major banks to okay the payment process. >>> there is an interesting trend among smartphone users and their morning routine. a bank of america study finds that 35% of people reach for their phones before thinking about their significant other. whereas only 10% of surveyed start their day by looking to their partner. oh-oh. >> it's brave new world, isn't it. >>> it is 5:19. police are on the hunt for a bay area water thief. the major setback for that area during the drought. >> good morning, everybody. warriors fans, you are going to love to hear this. somebody on that team is getting paid. find out who in a moment. >> and what is cool about your school or your summer camp? email your nomination to us at coolschools@kpix.com. we may come and feature your school or your summer camp on the show. >>> if you are commuting into san francisco, easy drive. you can see traffic is up to speed. we'll look at mass transit coming up. >>> oakland a's fan is doing okay after

at mastercard, second-quarter earnings still matched estimates. wheregs fell overseas mastercard generates most of its revenues. and there's no sign that u.s. customers are saving money because of cheaper gas. they are apparently hang down credit card debt. olivia: policymakers are wrapping up into -- a two-day meeting. and their statements may give a hint as to when the fed will raise interest rates for the first time since 2006. economists that we have surveyed here at bloomberg say there is a 50% chance of a rate hike here in september. back to twitter. earnings,cond-quarter but shares are plunging as executives told analysts not to expect any meaningful growth in users anytime soon. matt: brian wiser covers twitter. he joins us now on the phone from portland. brian, it seems like wall street is giving it a lot of credit to jack dorsey for being straight, but still selling shares. situationsically the i don't know the? i do not know they're giving him credit so much, but i odor.they like the canned investors are ultimately selling because the u

. >> caller: mastercard. >> mastercard, we did a little trimming. >> sell, sell, sell. >> for owners. why? we're concerned about that european lawsuit. let's go to jack in washington. jack? >> caller: hi. my stock is boeing ba. >> wait for the quarter because sometimes after it does that we will probably pull the trigger. mike until pennsylvania, michael? >> caller: jim, thanks for taking my call. i'm starting to look at dillard's. >> yeah i know they have 40 straight points. i'm agreeing with you, i think it's overdone on the downside. joe in new jersey joe? >> caller: hello, cramer. >> yo yo. >> caller: thank you for signing "get rich carefully" last year at barnes & noble. >> no problem. i had fun doing it. what is going on? >> caller: yes. my stock is progressive waste solutions. >> interesting, but if waste management is going down as hard as it is i'm not going to get into progressive's waste. let's go to mike until west virginia. michael? >> caller: hey, jim, how you? >> all right. how are you? >> caller: good. i'm wondering what your outlook is on nova vac given the clinical r

focus and its rival mastercard visa continues to talk to cease va europe about acquiring that business. the company hopes to have this resolved by october. the acquisition greatly expands visa's global footprint. for nightly business report mary thompson. >>> one of the biggest issues this earnings season has been china, slowing growth in the world's second economy is showing up in u.s. company earnings, the latest to feel the impact caterpillar. cut its full year sales impacts warning china and brazil remain stagnant as to when things get better in china. doug olberhelman couldn't say. >> i think they're close tore the bottom it's hard to say, the news is mixed, the chinese leadership is really trying to reform that economy which needs to be done. they manage it pretty well in the past will they do so in the future? has yet to be seen i think whatever it is is probably closer to the end and the beginning. it's yet to be seen and the forecast will bear out whatever it is. >> the company pledged to buy back 1 $1/2 billion in stock. >>> dow chemical also warned of softness in china, the

. >> mastercard has a security feet instead of using your fingerprint. i will let you take a selfie. it will compare the photo with one on file. mastercard is planning to let five hundred card holders test before everyone else. >>> microsoft is delaying the launch of windows ten for some people. it will roll out the program in waves. it was set to be available on july 29th. the first to get the upgrade will be window insiders who tested a beta version. then businesses and schools. microsoft said it wants to test millions of computers to make sure they are all compatible. >>> topping our people scene the piano man is a married man once again. he married alexis roderick at the couple's annual july 4th party. andrew cuomo presided over the nuptials. they are expecting their first child together. >>> a classic board game is heading to the big screen. man on mri -- monopoly is heading to the to the silver screen it will tell a boy from baltic avenue who cruises chance and community to make his fortune. >>> much more to come on "action news," how a young boy n

. >>> mastercard is testing a face verification. they hold up their phone. they ask app users to blink. >>> a reason why you don't desperate before you close the finish line. heads up the weekend's best catch. courtesy of a fan watching a game. sports is next. you wouldn't do half of your daily routine. so why treat your mouth any differently. brushing alone does less than half the job leaving behind millions of germs. complete the job with listerine®. kill up to 99 percent of germs. and prevent plaque early gum disease and bad breath. complete the job with listerine®. power to your mouth™! also try listerine® pocket packs to kill bad breath germs on the go. when you fall in love, everything is brighter, bolder more intense revlon ultra hd™ lipstick while traditional lipstick is wax-based, our unique gel formula delivers lightweight, high-definition color in one smooth swipe. revlon. love is on. it was a scary sight... how often we were changing the roll. it really started to add up. so we switched to charmin. with more go's in every roll charmin ultr

. >>> and sue, we begin the market focus with mixed results from mastercard. wrerngs basically flat. revenue growth was weaker than expected. this is the stronger dollar. on top of that, the firm offered more rebates and incentives for deals. still, shares were up today. to 96.73. the defense contractor northrup grum only. it was higher because of tax credits. the firm hiked its full year guidance. shares rose 6%. glaxosmithkline on both the top and bottom lines, cost cuts help the drug maker overcome. shares were 2% higher at 42.62. and reported earnings and revenue in line with expectations. the ceo of the company which is behind brands like i love this. crock pot. and yankee candle says despite concerns about performance overseas he still sees opportunity. >> brazil we have a pretty big base of operation. and the economy has slowed down quite a bit. we see there's a lot of white space for growth. while the economy may have its issues we have market share opportunities across the board. in europe asia or latin america or brazil specifically. >> shares were u

mastercard says it will begin the trial run in the fall. it's a new biometric technology layer to verify a customer's identity when he or she is trying to use their credit card for an online purchase. for selfie-obsessed generation mastercard's new credit card upgrade is part cyber security part marketing, to a tech-savvy customer base. here's how it works. rather than relying solely on pin codes and passwords that might be stolen you would instead provide a photo make an online purchase. photos would then be converted into a series of 1s and 0s and stored on mastercard's computers. then to authenticate identity for purchase you take a selfie on the mastercard app and blink. blinking to make sure someone isn't just holding up a photo of you. >> the technology is much more accurate. >> this is a facial recognition expert. on the left a photo of him at a hockey game. the computer searches its database for a match. in seconds, it has. it in one photograph you've got your glasses on. in the other one, you don't. but it doesn't matter. >> that's

mastercard is testing a facial recognition app to verify online purchases. users hold up their phone as if taking a selfie to approve transactions versus entering a pass word. the app asks you to blink to verify they are human. >>> investors reacting to greece voting no on a referendum on terms for a bailout package for the cash-strapped country. that's raising concerns and troubles in other european countries. look for a report on the services sector after falling 27 points on thursday. the nasdaq down 3 to 5009. >> landon dowdy with cnbc. thanks. >>> now your nbc 10 first alert weather. >> 5:25. 71 degrees. we're watching clouds move into the area. we're looking at a mostly cloudy day for the shore and showers are not far away. that's a live view of beach avenue from the marquis de lafayette hotel. 70s to start with, 80s this afternoon. the traffic is moving this monday morning. jessica boyington is in the first alert traffic center. >> we're looking at a hazy shot here of the lehigh valley 78 around route 33. no problems or volume. but if you're headed ho

. >> now, the law does not apply to those credit card style gift cards with visa, mastercard and american express logos on then. three out of four do abide by california law and the employees were mistaken. remember, if you have a consumer problem email us at consumerwatch@kpix.com. >> may be a little more education of the employees that they bring in? >> most employees don't know. >> thank you. >>> a lot of people will spend the holiday weekend out in the sun and dermatologists are warning, don't do this. they are called artistic sunburns. and they are spreading like a rash across social media. people intentionally burn designs into their skin, ouch, using cutout patterns. looks painful. it's also dangerous. dermatologists saying having just five bad sunburns in your lifetime can increase your chance of skin cancer by 80%. >>> brian, we usedded to do that back in the day with our t- shirts. >> shouldn't do that. >> yes. bad idea. >> the thing you is don't usually really pay for it until years later. when you're young, you think you'll live forever. speaking of catching up to us we have f

visa and mastercard recently stopped doing business with backpage. while powell says this helps her fight it also creates a temporary but immediate problem. >> they're actually allowing people who post sex ads to do so for free and that's great for a period of time for traffickers and for pimps who want to sell their victims online. >> reporter: powell says a pitch in d.c. who controls two -- pimp in d.c. who controls two victims on average makes $11,000 a week. some of that revenue used to go to posted ads on backpage, it's free. >> the owners are make 2 to $400 million a year on sex ads. we look at this as an opportunity to potentially reduce demand because potentially backpage is not going to be able to sustain a free model. >> reporter: but with opportunity comes risk. in this case who will fill the void? >> long term we're concerned about sex trafficking moving to other sites. >> reporter: fair girls is pushing for structural change to the online ads including making sure websites verify the ages and identities of people posting ads as well as w

mastercard will start experimenting with facial scans, as a way to macon line shopping more secure, at check out you will be asked to hole up your phone and snap a photo of yourself, the limited experiment will start this fall it involves 500 customers. burt, co-founder and face of burt's bee's natural cosmetics died at the age of 80. his face appeared, he was bee keeper, in the 80s he had a business partner who used his bees wax to make could cents met innings including the iconic bees wax lip balm, hence, burt's bees was born. yo's slimming down. oreo thins will hit store shelves next week, about third slimmer than regular or yost yo. some people who tried them say they taste just like the real thin. ukee, carry i? >> i'm just eating three at a time. >> if it means you can eat more, i'm happy sold. >> just pile them up. big glass of milk, game on. >> sounds good any time of the day. thanks jill. >>> team usa now owns its thirds women's cup title. carli lloyd played big role in the victory over japan. scored the first ever hat trick in women's world cup final. three goals. made histor

that survey from mastercard. erika? >> so that means they would be buck naked? >> i like that. you got it. >> thanks, working on that for a few minute now. jill, thanks so much. >> 5:36. pope francis returns to rome this morning after wrapping up his tour of south america. the holy father left paraguay after eight day visit to south america. francis treated to special going away ceremony at the airport where he left a plaque commemorating his visit. this was 78 year old pontiff's first trip back to south america, since becoming pope. >> and reminder for you pope francis comes to philadelphia this september for the world meeting of families. head to cbsphilly.com for the latest detail on the pontiff's visit. his schedule and the impact it will have on the city. vaux cano erupts in western mexico prompting hundreds of evacuations, check it out, erruption intensified thursday became increasingly volatile over the weekend. it is spewing ash more than 4 miles into the skies. officials describe the volcano's activity as atypical. they say it is showing similar science to a major erru

many think it would rival visa and mastercard. apple, visa microsoft and abc's parent company disney kept the dow jones in positive categories today. >> an incredible video showing a shark attack in south rif ricka is not making many waves among bay area surfers. this shows being attacked by a competition. fanning able to fight it off and ended up without a scratch. one person says they don't worry about sharks. >> most are curious. i don't think they eat here. i pretend it won't eat me. >> last attack happened two years ago last deadly attack in 1959. >> there is still to come, a search for life in our universe and bay area labs that will benefit from an extraordinary gift. >> the raising of a cuban flag in washington, d.c. >> why john mccain says ♪ ♪ ♪ it took tim morehouse years to master the perfect lunge. but only one attempt to master depositing checks at chase atms. technology designed for you. so you can easily master the way you bank. >>> in hond ontoday an announcement with implications for uc berkeley the universi

many think it would rival visa and mastercard. apple, visa microsoft and abc's parent company disney kept the dow jones in positive categories today. >> an incredible video showing a shark attack in south rif ricka is not making many waves among bay area surfers. this shows being attacked by a competition. fanning able to fight it off and ended up without a scratch. one person says they don't worry about sharks. >> most are curious. i don't think they eat here. i pretend it won't eat me. >> last attack happened two years ago last deadly attack in 1959. >> there is still to come, a search for life in our universe and bay area labs that will benefit from an extraordinary gift. >> the raising of a cuban flag in washington, d.c. >> why john mccain vo: today's the day. more and more people with type 2 diabetes are learning about long-acting levemir®. as my diabetes changed it got harder to control my blood sugar. today, i'm asking about levemir®. vo: levemir® is an injectable insulin that can give you blood sugar control for up to 2

house cuban put back on patrol deal >>james: the mastercard is umbrella under way to make your purchase is easier and safer neighborhood of morgan hill putting an industry which in will tell you why a plea to live in the years and the police are not doing anything to stop and the details coming up you will see only on kron 4. body pain? motrin helps you be an unstoppable, i-can-totally-do-thi all-in-one-trip kind of woman. when pain tries stop you, there's motrin. motrin works fast to stop pain where it starts. make it happen with new motrin liquid gels. they make little hearts happy and big hearts happy too because as part of a heart healthy diet those delicious oats in cheerios can help naturally lower cholesterol. cheerios... how can something so little... help you do something so big. >>james: we have another sharp attack in the north carolina beat this one on wednesday that makes of the 10th shark attack involving north and south carolina beach this year the man in place if this was bed by 7 ft. long shark that happened as 30 ft. off shore of the man has injuries to his rib cage hi

but if you want to play the space, go visa and mastercard. and the reason it looks better than it is because a lot of people trksit's hard to compare. people are confused with the eps. look at the revenue there. that's the key line. small beat. commoditized business. i think the stock remains under pressure. there you go. >> that was good. excellent round-up. you wanted to talk qualcomm. >> and all four companies, all in an identity crisis mode. every single company we saw here two years ago was in a completely different position. and qualcomm you never would've thought would be under this type of activist pressure. i think that qualcomm. this is disappointing if i were jana partners. ultimately for them. and i know there's questions around what the split would do it's either going to be incredibly value creating or going to be pretty much a neutral. but 15% of the workforce, that's just in my opinion. is that just -- is that really upside for this company? or is it really just kind of like providing cushion for the downside? i'm a little wor

the price targets on both stocks were raised to $81 for visa and $105 per mastercard. some of ar reasons, currency headwinds have abated for the payment processors even the retail trends might still be relatively weak . mark: julie hyman, thank you so much. betty: a look at some of the top stories of this hour. george h.w. bush has been released from the hospital. last week, he fell at a summer home in maine and broke a bone in his neck. doctors say he will fully recover and if you must. is 91 years old. major job cuts appear to be on the way. barclays says it may eliminate one out of every four jobs. a cumbersome -- a controversial post. this comes days after a site ran and removed a controversial item about the personal life of a cfo. out orsers were pulling putting campaigns on hold because of the item. that is a look at the top stories of this hour. in sports -- mark: jordan spieth is in a three-way tie for the british open lead, currently at home number 17. this is a young man who is here on bloomberg and couple of months ago giving stephanie ruhle i golf lessons.

visaes to the merchant, and mastercard, and finally to our bank. there are four processes before it gets to us. betty: maybe they are testing something out. alix: clearly, somebody had to have been thinking that. or maybe this is some scenario where this might happen. betty: i like our headline. i am like our headline better than the story. [laughter] "drachma in the wild," i love that. where commodities have settled in new york trade. oil, right, and interesting bounceback. alix: this really does wind up having to do with iran. the white house is saying. that the iran talks can go either way. secretary of state john kerry says the u.s. is ready to end nuclear talks if needed. there are tough issues that need to be resolved. nobody knew if this deal would come through and what that would mean for the price. now that we seem to have potentially deal -- not yet -- we are seeing a rally come into play because then we won't half or he million barrels put online right away that is currently floating -- betty: right, it's not going to be automatic. if th

. >> about 2% for mastercard and visa or 3 percent for american express so they should be offering a discount. >> sanders than the system why we have checks and balances we owned two houses that we rent out but that made me feel bad when they say like i have not been responsible with my money. john: what if you don't check their credit rating? river that's right i have nine. i understand that is the system we have created but i feel that punishes people who use money responsibly and don't use credit cards. >> this mach's people that use cash it claims everything is wonderful but people use their credit card it moves quickly. ♪ the chat card because money should not slow you down. john: en but cash can be quicker and. >> i watched that and i feel like they make me out to be the idiot with no annual fee or o% interest for a while until march of 2016 than 20 4.9%. 1.five cash back on every purchase are they lying? >> i think there is that instant gratification culture it is easy to swipe to get it now did you the news that the filament that comes from grandparents that would save up t

one of the most important events that happened for visa and mastercard was apple pay. not that they adopted the mobile technology but the fact that they opted to sync up with the networks visa and mastercard as opposed to creating their own network. as you think about the collaboration it underscores how durable the models are. i think people appreciate the opportunity in terms of the mobile shift in the u.s. but the real opportunity in my mind is international and that's where they're putting a lot of their effort as well is the international opportunity on the mobile side because the way the networks are billed out there's going to be no physical ib from a structure in developing countries. it's going to go right to mobile. so their opportunities are abundant as we look forward and that's one of the real growth areas of the stock and why it continues to enjoy the multiple it does. >> we'll leave it there. taking us through a preview of visa ahead of result deuce later today. qualcomm big story saying it may break itself up as it issues a profit warning for the third

we are seeing the established payment players trading at records, mastercard and visa at records. going into the earnings report oppenheimer raised earnings targets on both of the company saying that currency wins have abated. i do want to talk about ibm. the company still in the midst of a turnaround here. some analysts say the earnings will show signs of progress. not much change going into the earnings report. the implied one day share move in the options target 3.2%. shares have fallen after the past eight of the 12 earnings report. the you take a look at bloomberg terminal, you can see what ibm is up against. a five-year chart. the company at a record march 2013. has not been able to regain that. down 20% since. even as we look at the amazon and facebook of the world. ibm struggling with the transition to the cloud to try to capture some of the hotter revenue if you will. the shares have not performed very well since they hit the record. alix: just moments away from the earnings. we will bring them to you. a look at the top stories at this hour. here in new york workers at pa

expenses climb and profits fell at mastercard. second-quarter earnings match analyst estimates. stronger dollar has hurt his overseas. the company generates most of its revenue overseas. there is no sign u.s. consumers are spending the money they saved because of less expensive gasoline. the largest seller of tobacco in the united states exceeded analyst estimates. -- higher has raised prices are increasing sales. altria is developing products for the e-cigarette brand. shares up in arab red set a panera bread. panera has been redesigning its restaurants and it is also putting a bigger focus on natural ingredients. those are your top stories at the moment. an important day at bloomberg. we are hosting the goldman sachs 10,000 small businesses investment event. the initiative pledged half $1 billion to help entrepreneurs create economic opportunities in distressed cities. stephanie ruhle spoke with lloyd bloomberg.nd mike they talked about the state of the u.s. economy. a lot of job creation and angst amongst people that we are not addressing the big issues. worrisomethere is thi

alix: expenses climbed, profits fell at mastercard. a stronger dollar has hurt the payments overseas where the company generated most of its revenue. there is no sign that u.s. consumers are spending the money that they saved because of cheaper gas. scarlet: the head of soccer in europe said that he would seek the presidency of the sports world's government body. the second candidate running to lead before. -- fifa. top officials there have been accused of taking bribes from countries helping to lead tournaments. alix: funding for the nations highways and focus today. that night -- the house and senate focusing on different production -- different bills. scarlet: how productive. an extension from the house, the bulk of it for highways, is the only thing on the table seemingly. what is the latest here? they willnlikely that get anything done before they go on vacation. >> we might be in for a surprise this week. they move at a glacial pace, and even in the last 45 minutes the house speaker came out and said that the house would pass the