kron 4 sports reporter kate rooney is in sacramento at golden one center for tonight's summer showdown and she joins us live. sounds like >> hey, jonathan. catherine. yeah. it is. people are in a really good mood to see a little bit of nba action smack in the middle of the summer. and because i'm right in the heart of downtown sacramento in kings territory. there is a lot of purple around me. but for warriors fans tonight, it's all about the dup. that's because this is a big one. it is the first look, but the warriors to newest drop picks last thursday, the warriors made. jonathan coming up. and moses moody the 2 newest members of the warriors. they took coming with the 7th overall pick and moody with the 14 tonight. >> and it is a whole it's really a chance for the warriorstry oua bunch of different rosters and see how these young players skills might fit into their current system. so. >> in a typical summer league game. you're going to see rookies g league players and even sometimes second or 3rd year players. so for example, michael mulder air possible jordan poole with gary payton.

kate rooney joining us now what are we talking about? robinhood pal? what would this look like? >> yeah, absolutely. well, robinhood shares are moving lower on this news that paypal is getting into stock trading. the company is exploring the launch of a stock trading platform this is according to sources familiar with those plans. i'm told the company has held talks with potential partners in the brokerage industry to roll this out that partnership model could be similar to how it rolled out cryptocurrency trading if yeoh remember that earlier this year. also details around a move higher into stocks they brought on rich hagan, former ceo of trade king, which was bought by ally invest. his job title is ceo at invest at paypal. that's a previously unreported unit of the company. paypal pointed us to comments by ceo dan schulman back at investor day earlier this year he talked about the long-term vision for the company and how paypal could eventually include more financial services. that did include investment capabilities he also talked about things like high yield savings account

kate rooney is live at levi stadium with the details. kate, how did everything go? >> hey, jonathan. that was pretty much the story of the day. you could say it went well for the forty-niners. the final score of the game was 3410 in favor of san francisco. sut we don't look at scores too much in pre season. right. what we look at is what actually happened on the field today. you saw 2 different philosophies in play. the raiders and jon gruden haven't started any of their starters all preseason. so it was third-string quarterback nathan peterman taking every snap for the raiders. and a look at a lot of their backups at other positions as well for the forty-niners. meanwhile, the starters were the ones who took the field and got several series and including jimmy garoppolo and trey lance, as jonathan said, he saw the debut of this to quarterback system. jimmy coming up for a few plays them. lance coming in for a few plays and back and forth not lead to a lot of questions. is this what we can expect to see once the regular season gets underway. here's what kyle shanaha

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kate rooney kron 4 sports. >> all right. lots more to come on sports night live a whole bunch of gold jackets found new owners today. we've got highlights from today's pro football hall of fame induction. >> and we will have our bay area baseball bit with our insider alan styles. find out if he thinks the giant can hold off the other top teams in the end now to remain in first place. fornia! all of our homes share power. but heat waves can stretch our supply to its limits. flex alerts remind us when to use less energy from 4-9pm. so we can all stay up and running. sign up today. every time nacho fries came back, that bold seasoning was drawing something closer. and once they taste that warm nacho cheese sauce... they won't stop till there's nothing left. taco bell's fry force. now serving at a taco bell near you. >> welcome back to sports night live. kate rooney, jason dumas here with you, jason. okay. who's your favorite player to get inducted into the pro football hall of fame today, probably charles woodson. you know, lon

rocketing higher on some deal news let's get to kate rooney with all of the details >>, firm shares have been up as much as 40% after hours after a partnership with amazon. amazon is getting into a booming buy now and pay later e-commerce they are partnering with a firm for the first ever installment payment options. shares of the firm as i mentioned soaring after this announcement they had been up as much as 40%. they're up about 39% here after hours. a firms buy now and pay later will be available to certain amazon customers with a broader rollout in the coming months the partnership will let amazon customers split up purchases of $50 or more. i'm told some of these will be interest bearing and others will have zero interest, it depends on the borrower. and there could be big for a firm the shares had gotten hit earlier in the week after peloton earnings they have concern about revenue concentration for the company. peloton is a big partner for a firm amazon, though, the biggest retailer in the u.s., e marketerest mated they will account for more than 40% of e-commerce spending in the

kate rooney kron 4 news. >> i know it's a bay area. baseball. the a's were hosting the yankees of the colless and picking things up in the 8th inning. a's batter tony kemp hits the ball deep to right field the wall for 2 run homer yankees cannot respond after that as will the final score last one and they are now back to a half game of the red sox for the second wild card spot. >> when you're thinking about travel baseball, when you're 1718 years old, there is no talk of mechanics. there is no talk of pressuring xyey. it. it's going out there having fun with your friends and. that's literally just been the thing i've been trying to do is just put myself in the seat of all my teammates and have fun with everybody. i can, you know, for this final push finished august wrong in going to september. i think it's going to be good, especially going into this road trip to get a serious split. >> the a's have a day off today before they take on the detroit tigers on the road tomorrow afternoon. meantime, it was not a good day for the giants who are facing

i'm kate rooney. >> let's talk bay area of a small the giants a's wrapped up the bay bridge series at the coliseum and it was the giants who came out on top. okay. let's jump straight to the 6 inning of yesterday's game as outfielder mark on a gets a base hit to the right field drives a runner home. half of the a's on the board. first, the giants would respond any giants. second baseman. donovan solano at the plate. deep to left for 2 run homerun to give the giants the lead that they need. a's offense cannot respond for the rest of the gate. the giants win this game with the final score 2 to one. there action from giants manager gabe kaplan. the power stroke hasn't shown up quite as much this year. but we know it's still in there. so. >> certainly doesn't surprise any of us in the dugout that donovan was able to jump on that pitch. it really is about it. the preparation and only donovan went up there trying to at home or he knew what he was looking for. he jumped on was able to elevate and getting so happened while the ballpark. >> off today before they face the new york mets on the r

kate rooney. >> now 4 on 4 is the bay area, home of the raiders. you can watch the silver and black took on the la rams the saturday across fort can start at 06:30pm with the crime rate is for game show followed by the game is 7. and then an analysis of all the action on the kron 4 raiders post-game report. >> we'll be right back after >> welcome back. for 55 on this monday morning. kicking off the work week with a bit of good news and a bit of bad news. let's start with the good news first, air quality is on the up and up. we saw some really hazy conditions over the weekend. we're still the midst of some less than ideal conditions this morning. but improving come the afternoon as of right now. you can see the low gray that we have sitting over the coast. that is actually good air quality are cool. coastal breeze really sparing us some of the haze this morning. now day planner at the shows highs mostly in the 60's couple low 70's possible in areas like happen bay, though inland areas. here's the good. the bad news improved air quality. this afterno

. >>> news on paypal kate rooney has a scoop for us kate >> hey, deirdre. paypal is exploring the launch of a stock trading platform. this is according to sources familiar with the matter i'm told the company held talks with potential partners in the brokerage industry to roll this out. it would be a similar strategy or could be to how it launched cryptocurrency trading earlier this year with that partnership with taxos we have details around a new hire as part of that move into stocks the company brought on rich hagan, the former founder and ceo of trade king, which was bought by ally invest. his job title now on linkedin says ceo at invest at paypal, a previously unreported unit of the company. paypal did point us to comments by dan shulman, the ceo at investor day earlier this year he's talked about the long-term vision for paypal and how that could include many more financial services as he says including investment capabilities he also mentioned things like high yield savings accounts and cash checking. shulman described paypal as being a super app. st

kate rooney, this is the opposite of what we talked about yesterday. >> different picture than yes. today robinhood insiders are now free to sell more than $3 billion worth of shares. in a filing this morning, it was some early investors can sell up for 97.9 million shares. there is through conversion of debt through some venture capital investors. that turns into debt when the company goes public. this would be a maximum offer price of $35 a share remember the stock closed above $70 a shares yesterday, but based on how early they got into the stock, it's likely a big windfall for those who do like to sell. it goes back to january when robinhood raised aboutedly 3.4 billion. that would -- new enter price associates, index ventures and early investor an degreesen horowitz are all on the list much potential sellers meanwhile, wolf research initiating coverage, saying not to yolo this stock, on both of long and short side, early signs of weakness retail activity a and -- >> as we've seen this year, becoming a meme stock could be a good thing is it always but we know amc took advantage

kate rooney is looking more at the companies involved in this one. hi, kate >> reporter: shares of square are up more than 11% on the back of that news afterpay also up double digits and square reported earnings as part of the deal helping the stock as well today. on a call with analysts jack dorsey highlighting younger consumers ditching revolving credit they want those interest-free installment loans. the latest sign of the space really heating up. take a look at who else is getting involved we have paypal, affirm, klarna and jpmorgan got into the buy now pay later options. and apple is reportedly working on a similar project with goldman sachs. many don't charge interest and link to consumers bank accounts. afterpay charges four interest free installments and a fee if they miss an automated payment many strike a deal with the merchant and profit on the back end. they don't charge consumers. many of them don't use a fico score. some worry about the debt load and what they call stacking debt, mean paying for installment loans with a credit card, see

kate rooney is in cheyenne kate >> reporter: that's certainly the case here in cheyenne, wyoming, the state's capital it's looking to become the crypto capital of the united states one of the big things drawing new tech companies to cheyenne in particular, wyoming, the state has passed two dozen bills related to blockchain. cracken was the first to get approved for a special bank charter. david kovitsky says more regulation on a state level as a good thing and can weed out potential back actors. >> we want these bad actions to take place within the system with supervision and oversight we don't want it in a shadow system where there's no transparency to it that's the choice and the fundamental difference, people have the choice to operate outside the system or within it. let's make sure it happens within it. >> reporter: on top of that clear regulatory environment, there's no personal income tax here wyoming has a lot of cheap energy sources, that is key for crypto mining companies. some of the country's largest data centers are also located here in cheyenne microsoft is here, for exa

kate rooney, sports night live. >> thanks for that report. like she just said today we saw a dual quarterback system at levi stadium. jimmy g played 14 of the forty-niners first 24 snaps, trey lance play the other 10. it seemed to work today. obviously. but can it work in the regular season. i'm not so sure a big believer that quarterback. they need a rhythm in is year planting in a different quarterback every 9.10, plays. how can you get that rhythm seems gimmicky defenses can eventually learn and pick up from that. you're not going to catch anyone off guard. if you continue to do it and have you ever seen a playoff team to this consistently i'm all for kyle shanahan being innovative in pushing the game forward. but it is better not to reinvent the wheel. and that's what i think the forty-niners might be trying to do here. but the great thing about sports, all we have to do is wait we'll find out. the answer whether i'm right where the cows right. we'll find out soon. first game september 12 detroit. i can't wait. jimmy g trey lance, it look

kate rooney and jason dumas with you, jason. so much speculation leading up to the nba draft what with the warriors do with their 7th in 14 picks for the keep them trade them. well, keep was the answer. and now we've got 2 new deaths and yeah, it was a very, very interesting night. this was one of the more important draft in recent memory for the golden state warriors. >> not one but 2 lottery picks and they ended up keeping them both, which was a surprise to a lot of people at 7. they took jonathan coming good. he's a 6. a wing. i especially like that orange suit. you know, spent the last year playing for the g league ignite. they were based in walnut creek before they went down to the g league bubble in orlando. if you have a bit of a project, but he's just using with potentially averaged about 18 7 in the g league. at 14. the warriors selected moses moody. comes out of the university of arkansas. he played for coach eric musselman who has connections with the golden state warriors. steve kerr, i'm sure they had a lot of conve

to kate rooney for a look at what's going on with the stock kate, explain it to me what's happening here? >> i know, quite the turnaround. it touched $85, more than double where it debuted today is the second most traded up name on the nasdaq behind amg. it was halted for volatility and surpassed trading volume you put that in context almost as much as tesla, more than apple or amazon. one thing that's driving this, a lot of lockup periods for certain investors. fewer shares are available to trade. another factor, the most mentioned stock on reddit. courtney >> kate this is interesting. with gamestop there was high short interest that attraction the reddit traders that's not the case. training is part of it what else should we understand >> it's a great question >> those redditers are drawn to the highly shorted stocks. the day traders tried to band together and stick it to the hedge funds. that does not appear to be a factor at least today. after an ipo short selling tends to be muted because of the lack of shares to borrow. it's possible but extensive as well to do so. i talked about t

kate rooney sports night live. >> this wednesday. the united states men's wheelchair basketball team will begin their quest for a gold medal in the paralympics. one of the 12 players in tokyo representing our country hails from right here in the bay. jorge sanchez has overcome odds his entire life in basketball has been a major reason for that. it's been a% lifelong dream for jorge sanchez. >> ready to go out there compete with the best and hope to bring back the gold medal to the bay area sanchez born in oakland raised in dublin is one of the 12 members of the united states paralympic wheelchair basketball team been difficult road but definitely worth i love this sport has given me absolutely everything i have from to tell, you know, a professional career a difficult road is putting it lightly. >> at 8. jorge was diagnosed with bone cancer in his left femur after 6 months of chemo. his parents gave him a choice. they keep your leg and have a 50% chance of cancer coming back. >> or have your leg amputated i decided to amputate my leg

rooney. kate, how's it going? >> a lot of warriors stuff going on today. jason, even though it's right in the middle of the summer and even though i'm here in downtown sacramento surrounded by a sea of purple in kings fans they're a good handful of warriors fans here too. and they're really excited because it's their first chance to get a good look at the warriors to you. brand new draft picks. i'm talking, of course, about the guys they picked up last thursday. that's jonathan this movie. they're the newest members of the club, the worst of coming up with the 7 overall pick and moody with the 14 not tonight and summer league as a whole. it's really a chance for teams to try out different rosters and different personnel combinations and just see how these young players are developing. so in a typical summer league game. you're going to see rookies g league players. even some second or 3rd year players, for example, michael mulder, gary payton, the second erik hospital in jordan poole are all

kate rooney is here with a few stocks that went from hip to hammered in literally a couple of days. kate >> hey, brian, yeah, that's right, a group of stocks that had really been a favorite among younger investors, all essentially falling off a cliff this week for a variety of reason, robinhood zoom and wheels up. all different businesses but all down double digits for the week. wheels up. let's start with robinhood recovering a little but down more than 10% for the week that slide started yesterday after we reported that paypal is planning to launch stock trading. after comments by s.e.c. chairman gary gensler. gensler stated a full ban of payment for order flow was, quote, on the table. that would get rid of a key revenue source for robinhood on to zoom, that was one of the biggest winners during the pandemic especially as younger investors bet on some of those stay at home stocks but has had a rocky six months as people go back to work and investors are focusing on that customer growth slowdown reported in the second quarter after the bell yesterday. finally wheels up, the privat

the shares are down slightly here after hours guys, back to you 9. >> kate rooney, thank you for that don't miss an exclusive interview with the chief financial officer tomorrow morning on "squawk box." charlie, i want to come to you on this one. i know you don't like bitcoin itself, but you own goldman sachs, a big trading company, do you ever look at the cryptotrading companies? >> sure. look at them, nothing to see this doesn't pass the rip van winkle test. if you went to sleep for five years, would you be confident that this company would remain i think governments around the world do not want this competitive currency i don't think this business is, by any means guaranteed to be here in five years to that point, mike, i mean, the company itself is using the word volatility, using the words inherently unpredictable, and really speaks to essentially how early we are within the cryptocurrency asset class, i don't know whether you call it adoption or trading, where it fits into the broader market >> right it has become huge so fast you know, this business became very big in a hurry w

kate rooney has the details. >> reporter: shares of square closing more than 10% higher today on the back of news that it is buying the australian fintech overage installment loans. a $29 billion deal in all stocks price tag about a 30% premium after pay close australia friday expected to close first quarter of 2022. square also reported second quarter results earlier than expected as a part of this announcement gross profit jumped 91% from a year ago, and also helped the stock today. ceo jack dorsey highlighting younger consumers ditching traditional revolving credit instead they want interest-free installment loans. square cfo telling cnbc and "squawk on the street" this morning this is a win-win for merchants and consumers driving sales to businesses, she says. and tends to be a cheaper way of borrowing. competition in the space, though, is heating up. firm share getting a boost today. paypal, klarna, american express and jpmorgan chase all have buy now pay later options and apple is reportedly working on a similar product offering with goldman sachs. many of these companies don't

it is really a force kate, thank you very much. kate rooney reporting today. and that does it for "the exchange." "power lunch" begins right now >>> kelly, thank you very much and welcome to "power lunch. an hour of power players ahead the fed vice chair will be here, one of the world's most powerful central bankers. we'll talk about the taper of purchases of securities by ed, we'll talk inflation, we'll talk th

that will be hosted by kate rooney and myself kickoff is at 6 and then directly after the game and we will have our post-game show, kate rooney and i will have a live shot from las vegas will break down the game. so that's the place to saturday night kron 4. we have you all covered back to the niners forty-niners nation is waiting for view. i know kyle shanahan is saying jimmy garoppolo is our starter, but. he has to say that has to say that we've seen a lot of briefings from trey lance in training camp. so it will be interesting to see how it all plays out over the next couple of weeks. we haven't had a good quarter that controversy for a kind of a regular at alex smith alex smith and colin kaepernick down probably the last one and going back to joe has a big one, too. all right. thanks, jason. we'll be right back. >> take a look at a dutch fashion designer and engineer created what's called the spider dress. it's bone like 10 goals with sensors and force of social distancing buzz surrounding the body. it uses ultrasonic range finders that allow it to puff up or inflate when somebody

kate rooney has all the details on today's big game. >> today's 3rd and final preseason game for the forty-niners. the dress rehearsal for the regular season as they call it, perhaps provided a clue into the question everyone has been longing to know the answer to which quarterback is going to start the season if today's game is any indication, could be both of them. both jimmy garoppolo and rookie trey lance, we're in for several snaps of this game taking turns rotating through the offensive scheme. here's what kyle shanahan garoppolo and lance had to say about that after the game. >> i just wanted to get a live action of it and done in practice couple times and this is the last time before we're going to end the regular season. so last time you can have the opportunity to do it. so kind of wanted to do this game was good. i into good jobs with defensive scrambling to make for tough, tough job and those guys. so that's pretty compared for it. so i think us to same thing. i'm sure you answer the same way. it's one of the things where we have right to, like i said. so it's good to get

back to you. >> kate rooney in san francisco, thank you. by the way, a robinhood insider bought 2 million shares at $38 doubling his money in a week not a bad week here now to help us make sense of the whipsaw action we saw in robinhood and break down some of the other meme stocks that should be on our radar, is justin zen,the co-founder and president of think num alternative data two questions. number one, does all of that, stupid volatility in robinhood make it uninvestable and what may be the next meme or retail stocks that we need to be focused on >> sure. i want to say the volatility is making it uninvestable i think robinhood volume isstonnishing. it has over three times the dimensions on wall street bets an the number two stock with the amb and what is interesting and think this is contributing to the volatility is the comments so unlike the previous, game stop and amc, over 62% of the sentiment on robinhood is negative on the the wall street bets so it is quite the indecisive which direction they want to go. >> yeah, what are some o

we saw in june a lot of positioning on the negative side it bears out what kate rooney was just describing as people were buying puts and those stocks were being hammered by the ccp because that was it. it wasn't earnings that was all ccp related selling. that stopped basically around the 17th of august they started aggressively buying about that time. pete talked about it on the halftime report a week or so ago with alibaba i had short positions on, reversed out of those. and many of these that i'll describe right now, like pdd and jd, those both saw substantial jumps just in the last couple of days to give you an idea, the normal activity in pdd is about, i think in the neighborhood of, what, 8 million shares a day traded 42 million shares on tuesday. >> wow >> you look at jd, average turnover there is about 12 million. it traded 35 million on tuesday. so, whether that's the footprints of cathie woods, ark innovation or a host of folks noticing through algorithms and so forth, they tend to kind of go in one direction when they see a whole bunch of buying, they will run right along with i

kate rooney has some breaking news on that kate >> shares of robinhood are lower after gary gensler says a full ban of payment for order flow is, quote, on the table. this was in an interview with "barron's" on friday, saying it has inherent conflicts of interest, but also the data that some of the market makers receive is how robinhood makes the majority of its revenue. to offer free trading, these make money on the back end shares are under, and the cfo of robinhood told us recently he did not expect the -- we talked about that resulting in higher prices for consumers shares of robinhood have been lower ahead of these headlines, but, again, taking a hit here ahead of the close shares down as much as 8% here >>. >> mike, just trying to. >> right now it will be. >> there's always a rule-making process that goes for the comment, but he's been pretty steadfast about really believes that the current system, and not just the payment for order flow, but the way market structure has developed right now, where there's so much volume, that basically never goes into sort of a public transparent f

. >> 34 to 10 its final tune-up game before the real games count kron four's, kate rooney at levi stadium with a recap. >> today's 3rd and final preseason game for the forty-niners. the dress rehearsal for the regular season as they call it, perhaps provided a clue into the question everyone has been longing to know the answer to which quarterback is going to start the season if today's game is any indication, could be both of them. both jimmy garoppolo and rookie trey lance, we're in for several snaps of this game taking turns rotating through the offensive scheme. here's what kyle shanahan garoppolo and lance had to say about that after the game. >> i want to get a live action of it and and practice couple times and this is the last time before we're going to end the regular season. so last time you can have the opportunity to do it. so kind of wanted to do this game was good. i into good jobs with defensive scrambling to make for tough, tough job and those guys. so that's pretty good compared for it. so i think us to same thing. i'm sure you answer the same way. it's one of the things

fascinating, great stuff, kate rooney on robinhood today. the other big earnings mover is nvidia, the chipmaker is higher after a beat on the top and bottom line. sales enprofits had the a record for the quarter, thanks to strong demand for graphics and gaming revenue up 80 plus revenue up 68 year on year amidst the rising demand for everything but its crypto chips. sales came in short of expectations one other headline from the call was wong warning the chip shortage could last well into 2022 take the longer view, stocks up more than 1,000% in the last five year, market cap now half a trillion dollars a lot in there today, d., they did say that the arm approval is taking longer than they expected rosenblat goes 250 to 300 though as the name is maybe the most loved among the semis. >> and, carl, i heard you talking to jim earlier about the metaverse implications i love to count those mentions i believe eight or nine on the earnings call. and speaking of the metaverse, facebook making headlines after releasing its first ever widely viewed con

kate rooney went to berkeley to check out training camp. >> finish the job. that's the mantra. cal football has adopted for the upcoming season. i think finish the job >> you know, it's just combination of everything we kind of worked for with wilcox, with the first class recruits coming in. so it's just we just we want to finish and make some on this year. the bears thought they had a chance to be special last year their 4th under head coach justin wilcox, the covid-19 had other plans. >> callan it up with a four-game season winning just one game. that's part of the reason why so many seniors 9 to be exact, came back for a 5th or 6th year as a result, the bears have experience in death at almost every position we have the talent to get out there and be really competitive. we just want to see that talent compete. >> each and every day have that focus have that energy to practice in. we'll see that improvement if we continue to do that, the most improvement is needed on the offensive side of the ball. >> cal finished near the bottom of the pac 12 in points per game and yards per

thanks to all of you bob pisani, kate rooney and todd gordon. >>> markets are heading higher today. smile direct investors not smiling today. all the big movers are coming up next what happens when we welcome change? we can transform our workforce overnight out of convenience, or necessity. we can explore uncharted waters, and not only make new discoveries, but get there faster, with better outcomes. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change-- meeting them where they are, and getting them where they want to be. faster. vmware. welcome change. there's interest you accrue, and interests you pursue. plans for the long term, and plans for a long weekend. assets you allocate, and ones you hold tight. at thrivent, we believe money is a tool, not a goal. and with the right guidance, you can get the financial clarity you need, and live a life rich in meaning, and gratitude. to learn more, text thrive to 444555, or visit thrivent.com. i'm evie's best camper badge. but even i'm not as memorable as eating turkey hill chocolate chip cookie dough cr

kate rooney takes a peek. at practice. >> finish the job. that's the mantra. cal football has adopted for the upcoming season. i think finish the job >> you know, it's just combination of everything we kind of worked for with wilcox, with the first class recruits coming in. so it's just we just we want to finish and make some special here. the bears thought they had a chance to be special last year their 4th under head coach justin wilcox, the covid-19 had other plans. >> callan it up with a four-game season winning just one game. that's part of the reason why so many seniors 9 to be exact, came back for a 5th or 6th year as a result, the bears have experience in death at almost every position we have the talent to get out there and be really competitive. we just want to see that talent compete. >> each and every day have that focus have that energy to practice in. i will see that improvement if we continue to do that, the most improvement is needed on the offensive side of the ball. >> cal finished near the bottom of the pac 12 in points per game and yards pe

kate rooney went to berkeley to check out the team. >> finish the job. that's the mantra. cal football has adopted for the upcoming season. i think finish the job just seeing this. >> you know, it's just common ation everything. the kind of work for which will cost the first class recruits coming in. so it's just we just we want to finish and make some special atmosphere. the bears thought they had a chance to be special last year their 4th under head coach justin wilcox that covid-19 had other plans. >> callan it up with a four-game season winning just one game. that's part of the reason why so many seniors 9 to be exact him back for a 5th or 6 year as a result, the bears have experience in death at almost every position we have the talent to get out there and be really competitive. we just want to see that talent compete. >> each and every day have that focus have that energy to practice in. i will see that improvement if we continue to do that, the most improvement is needed on the offensive side of the ball. >> cal finished near the bottom of the pac 12 in points per g

once again proffers kate rooney took a look at how they're shaping up. the most exciting college football team in the bay area might just be san jose state even though we did. we did last season. i think we're still getting cut out a lot of people's eyes in. >> i think that's really good for us as a team. you know, you never want to get complacent. and so i'm really excited do >> what the spartans are hoping to do this year is follow up on an undefeated regular season and the program's first-ever conference title. it helps that san jose state squad is very experienced 19 starters are back for the 2021 season, including mountain west offensive player of the year. kate hall and quarterback nick starkel, who's on the manning award watch list for the nation's best signal caller. i think it's a huge double year going on in our physicality in. >> you know, doing the things is that it takes to win football games and playing good defense and running the football. >> so i hope you think that we're a lot of fun to watch. and we play like we love each other. of cou

kate rooney has more. >> both jimmy garoppolo and rookie trey lance, we're in for several snaps of this game taking turns rotating through the offensive scheme. here's what kyle shanahan garoppolo and lance had to say about that after the game. >> i want to get a live action of it and done in practice couple times and this is the last time before we're going to end the regular season. so last time you can have the opportunity to do it. so kind of wanted to do this game was good. i into good jobs with defensive scrambling to make for tough, tough job and those guys. so that's pretty compared for it. so i think us to same thing. i'm sure answer to the same way. it's one of the things where we have right to, like i said. so it's good to get game reps and kind of really see how it really feels. >> let's break it down by the numbers. jimmy garoppolo finished 4 for 7 with 64 yards and a rushing touchdown. trey lance was 6 for 13 with 46 yards. he also had a rushing touchdown now aside from the quarterbacks. a couple things to keep an eye on some running back depth. we saw that on full display

we've got kron four's, kate rooney with more. >> both jimmy garoppolo and rookie trey lance, we're in for several snaps of this game taking turns rotating through the offensive scheme. here's what kyle shanahan garoppolo and lance had to say about that after the game. >> i want to get a live action of it and and practice couple times and this is the last time before we're going to end the regular season. so last time you can have the opportunity to do it. so kind of wanted to do this game was good. i into good jobs with defensive scrambling to make for tough, tough job and those guys. so as good compared for it. so i think us to same thing. i'm sure you answer the same way. it's one of the things where we had right to, like i said. so it's good to get game reps kind of really see how it really feels. >> let's break it down by the numbers. jimmy garoppolo finished 4 for 7 with 64 yards and a rushing touchdown. trey lance was 6 for 13 with 46 yards. he also had a rushing touchdown now aside from the quarterbacks. a couple things to keep an eye on some running back depth. we saw that on

kate rooney kron 4 news. >> everybody is packed in there. and i know that there are rules about, you know, being vaccinated and when you're inside wearing masks. but. >> still it's still too close for comfort for. for me. but he's comfortable with it. yeah. and they had a great time. and i think when you talk to people who are rooting for both teams. they had the same thing to say was just great to be out there. absolutely. take a listen. >> i think it's great. i think it's great we can still know you know, tug of war and that big day for the local fans that they can come out here still case. they raided a move to vegas for the wasn't a good one. >> you know, a lot of fans like me are. >> broken-hearted. but we still here. baby was due in the bay. >> that's right. and they were out to cheer on their favorite teams. now, if you're a niner fan looking to be out at levi's to cheer on the team once again, you have to wait till september, 26 that will be the sunday home opener where the niners take on the packers. so we got a little bit of a wait

kate rooney went to berkeley to check out training camp. >> finish the job. that's the mantra. cal football has adopted for the upcoming season. i think finish the job >> you know, it's just combination of everything we kind of worked for with the first class recruits coming in. so it's just we just really want to finish and make some special here. the bears thought they had a chance to be special last year their 4th under head coach justin wilcox, the covid-19 had other plans. >> callan it up with a four-game season winning just one game. that's part of the reason why so many seniors 9 to be exact, came back for a 5th or 6th year as a result, the bears have experience in death at almost every position we have the talent to get out there and be really competitive. we just want to see that talent compete. >> each and every day have that focus had that energy to practice in. i will see that improvement if we continue to do that, the most improvement is needed on the offensive side of the ball. >> cal finished near the bottom of the pac 12 in points per game and yards per game las

i'm kate rooney. >> all right. well, waiting for a football. we still got baseball to talk about and lots of it, the giants and the a's raft of the bay bridge series at the coliseum and it was the giants that wound up on top. with the bragging rights, ok, here's the 6th inning. a's outfielder mark hanna gets a base hit to right field drives home a and that put the a's on the board first. but the giants would respond in the 8th inning. their second baseman donovan solano hitting deep to left shot. that's a 2 run home run and that gave the giants the lead and the a's couldn't come back to the giants win the game. a final score of 2 to one. here's reaction from giants manager gabe kaplan. the power stroke hasn't shown up quite as much this year. but we know it's still in there. so. >> certainly doesn't surprise any of us in the dugout that donovan was able to jump on that pitch. it really is about it. the preparation and only donovan went up there trying to at home or he knew what he was looking for. a jump on pitch was able to elevate and getting

kate rooney, what's going on with zoom? >> hey, brian. zoom shares are down as you said, double digits. it was a mixed picture on guidance but investors are really focused on growth at zoom the top and bottom line seemed good better than expected for the second quarter revenue and eps both beating the street's expectations. eps was a beat by 20 cents investors though really are homing in on the growth slowdown for enterprise customers that contributed more than $100,000 in revenue the quarter over quarter growth rate dropped from about 27% from the fourth quarter to about half of that in the most recent quarter. and for businesses with more than ten employees, the growth rate dropped by about six percentage points. grew at just 1.6% in the most recent quarter the call kicking off at the top of the hour. the ceo sort of joking about charlie munger of berkshire hat hathaway mentioned those remarks about how much convenience zoom has added to his life. he's offering to be munger's tech support if he needs it. on a more serious note, sort of

kate rooney takes a look. the most exciting college football team in the bay area might just be san jose state even though we did. we did last season. i think we're still getting out of a lot of people's eyes in. >> i think that's really good for us as a team. you know, you never want to get complacent. and so i'm really excited do >> what the spartans are hoping to do this year is follow up on an undefeated regular season and the program's first-ever conference title. it helps that san jose state squad is very experienced 19 starters are back for the 2021 season, including mountain west offensive player of the year. kate hall and quarterback nick starkel, who's on the manning award watch list for the nation's best signal caller. i think it's huge step when you're going in our physicality in. >> you know, doing the things is that it takes to win football games and playing good defense and running the football. >> so i hope you think that lpwe're a lot of fun to watch. and we play like we love each other. of co

rooney of myself. >> the game kicks off at 6 and then soon as it's over, we will have a post-game show on kron. 4 will have a post. we'll have a live shot from vegas will hear from car and everyone in break down the game. so to place you want to be kron. 4 news on saturday. let's check in on the college guys now cows football team only got to play 4 games last year because of covid protocols games getting canceled. so they're chomping at the bit to get this season started. the bears only won one of those games last year. but this seems poised to take a step forward they were turned 9 5th year seniors including quarterback chase garbers. game one is on september 4th. when nevada comes out to berkeley. >> the talent to get out there and be really competitive. we just want to see that talent compete each and every day have that focus have that energy to practice in. i will see that improvement if we continue to do that energy. this camp is different from all you know, and back to that and i think the whole team can feel that. so every day we come out here is just the 5th practice. but you

kate rooney takes us to the game. coming up. >> also, plus, just soaking up a little sunshine. the study that says it can wrap up your that says it can wrap up your libido. when a truck hit my car, that says it can wrap up your libido. the insurance company wasn't fair. i didn't know what my case was worth. so i called the barnes firm. i was hit by a car and needed help. i called the barnes firm, that was the best call i could've made. i'm rich barnes. it's hard for people to know how much their accident case is worth. let our injury attorneys help you get the best result possible. ♪ the barnes firm injury attorneys ♪ ♪ call one eight hundred, eight million ♪ >> big tech companies are pledging billions of dollars toward cybersecurity efforts after meeting with the president. the summit follows cyberattacks and multiple companies over the past year. google and microsoft were 2 of the many businesses represented at wednesday's summit at the white house. google is committing 10 billion dollars over 5 years. tell booster cyber security efforts in the united states. microsof

. >> and guess what, we will have all the action on saturday before kickoff at 5.30, kate rooney and i will host the kron 4 pre-game show and then kick off that 6 in immediately following the game will have the kron 4 post-game show live shots from las vegas on the analysis. the coverage you need right here on kron. 4 news on saturday. you will not want to miss it. the petaluma little league looking to get into the world series literally world series with a win over hawaii today for ending petaluma geo cast saying he drives one deep to center and that is gone. that's his 3rd home run into game 4, 3 game. but unfortunately that was as close as petaluma got ally scored 9 straight this one got all the way to the wall for 2 runs to make it 12 3 petaluma loses 13, 3. it will get another shot tomorrow, though. against southern california. so we have one more opportunity to make the little league world series because the west region has. >> to representative. so there's one more spot. it's basically win or go home tomorrow, nor calver. so cow. so it will be exciting to see how it goes. now

kate rooney has a look from berkeley about with the team's doing been training camp. >> finish the job. that's the mantra. cal football has adopted for the upcoming season. i think finish the job >> you know, it's just common ation of everything we kind of work for which will cost the first class recruits coming in. so it's just we just we want to finish and make some special atmosphere. the bears thought they had a chance to be special last year their 4th under head coach justin wilcox, the covid-19 had other plans. >> cal ended up with a four-game season winning just one game. that's part of the reason why so many seniors 9 to be exact him back for a 5th or 6th year as a result, the bears have experience in death at almost every position we have the talent to get out there and be really competitive. we just want to see that talent compete. >> each and every day have that focus have that energy to practice in. i will see that improvement if we continue to do that, the most improvement is needed on the offensive side of the ball. >> cal finished near the bottom of the pac 12 in points

kate rooney with a look at what is driving this spike. kate, 46, 47% or so. >> it had touched $85 a share earlier. robinhood is more than double where it was on its debut last week in what was a lackluster first ipo day. today it's the second most traded name on the nasdaq only behind amd halted earlier for volatility. and today robinhood passing its ipo day twwhen it comes to tradg volume to put that in context, that's almost as much as tess la, more than apple or amazon one thing driving this, trading. there are still lockout periods for investors. fewer shares are available to trade and it often means more volatility retail interest is another factor it's the most mentioned stock on reddit more mentions than both gamestop and amc. and momentum trading hedge funds looking to capitalize on some of the volatility short interest, though doesn't appear to be a factor today. because of the lack of shares out there to borrow, it does tend to be expensive to short a stock like robinhood, especially so soon after an ipo i talked to s3 partners

this news was first reported by our own kate rooney. kate joins us with the latest. >> hey, kelly. paypal is exploring the launch of a stock trading platform, according to sources familiar with those plans shares of paypal popping as much as 3% on that news today shares of robinhood, though, moving lower on the headlines. i'm told paypal has held talks with po ttential partners in th brokerage industry i'm told pay rule brought on rich hagen, the former founder of trade king. his job title on linkedin is not ceo of invest at paypal. that's a previously unreported unit of the company. paypal pointed us to comments by ceo dan shulman at investor day earlier this year, talking about the longer-term vision for the company and how it could including more financial services he mentioned invest capabilities and also mentions things like high-yield savings account shul man has also talked about what paypal is as a super-act, and paypal already offering cryptotrading. another source tells me this will not roll out this calendar year we're looking at next year the ear earliest paypal not the

. ♪♪ >>> 42 minutes left on trading the kate rooney has the details. >> hey, sara, disney shares popping on a report that espn is exploring a sports betting deal worst at least $3 billion that includes season's -- draftkings, over a number of years we should know that espn has existing market partnerships no comment on the story. other companies have not responded. we did reach out for comment, though seeingsers up more than 3%, and no comments from those companies. mike, back to you. >> people love that theme. thank you, kate. >>> peloton shares tumbling today. they are lower by about 8% >> saying it's been subpoenaed by both the justice department and homeland security department peloton reporting a wider than expected loss and slowdown in growth >>> we'll stick with fitness f45 reporting its first earnings since going public last month. the mark wahlberg-backed company grew by sales, with full guidance in line with expectations joining us here, is the founder and ceo adam gilchrist clearly there's a ton of growth. what is driving it the reopening, people wanting to get back to gyms or

. >>> welcome back the price of bitcoin surpassing $50,000 for the first time since may, briefly kate rooney has the details of a survey and more. >> hey, wilf, that's good news for some of the newer investors who appear to be more bullish and more exposed to cryptocurrency this is according to our invest in you next-gen, conducted by cnbc and momentum. those who got in 2020 or later are mosh likely to own crypto occurrence, as opposed to their more experienced counterparts more than a third of those investors think bitcoin prices will be higher by the end of this year a close second, 26% of new u.s. investors also own crypto, more than twice the level of mutual funds and etfs are more than three times of ownership for real estate or bonds. about one in ten u.s. investors say they own crypto, men are twice as likely as women to hold dig digital assets >>> kate, two questions, do we have in this idea of the size of position $100 here and there, or thousands in general what type of exposure do they have underlying in one of the currencies like bitcoin? or broader than that, and in took

. >>> bitcoin's biggest investors getting back into the crypto market as prices recover kate rooney has more on the crypto whales. kate >> we're seeing more bullish behavior out of the bitcoin whales as we call them that's the term for an investor holding more than 1,000 bitcoin or at least a thousand bitcoin just under $50 million worth at this week's prices new data from blockchain firm showing they're getting back into the market as the crypto prices recover in late july the bigger investors have steadily increased their holdings that ticked up higher into august it continued this week as bitcoin crossed that $50,000 mark it did start out as strong buyers to kick off the year if you look at january there. but whales took a step back as prices briefly dropped in market and then take a look at april. the chart coincided with bitcoin's peak around $60,000. they sold there at the top and bitcoin later crashed down to about $30,000 in the month that followed that whale activity has been linked to price action this year, especially the 28-day moving average chain analysis tells me this has