>>> IT’S TIME FOR MY FAVORITE PART OF THE SHOW, MONEY, POWER,
POLITICS.
POLITICS. IT’S DAY 28.
GET YOUR HEAD AROUND THAT.
DAY 28 OF THE GOVERNMENT
SHUTDOWN.
SHUTDOWN. 800,000 FEDERAL WORKERS HAVE
GONE NEARLY A MONTH WITHOUT A
PAYCHECK.
PAYCHECK. BUT AS THE STALEMATE CONTINUES,
INDIVIDUALS AND COMPANIES ACROSS
THE COUNTRY ARE STEPPING IN AND
STEPPING UP TO HELP.
THE LATEST COMPANY TO TAKE A
STAND, THE ONLINE PAYMENT SYSTEM
PAY PAL, WHOSE CEO SAYS THE
COMPANY IS PUTTING WALL POLITICS
ASIDE TO HELP GOVERNMENT
WORKERS.
WORKERS. ARGUING IT IS NOT A RED OR BLUE
ISSUE, IT IS A RED, WHITE AND
BLUE ISSUE.
BLUE ISSUE. THE COMPANY ANNOUNCED TODAY IT
WILL OFFER AN INTEREST FREE CASH
ADVANCE OF UP TO 500 BUCKS TO
ANY FEDERAL EMPLOYEE STRUGGLING
TO MAKE ENDS MEET.
THANK YOU TO THE CEO WHO JOBINS
ME NOW.
ME NOW. YOU WROTE AN OP-ED IN "USA
TODAY" TODAY EXPLAINING WHY YOUR
COMPANY HAS DECIDED TO TAKE A
STAND.
STAND. >> FIRST OF ALL, IT’S GREAT TO
SEE YOU AND THANK YOU FOR HAVING
ME ON THE SHOW.
I DID WRITE AN OP-ED AND
REFLECTS THE VALUES AND MISSION
OF PAY PAL.
OUR MISSION IS ALL ABOUT DRIVING
FINANCIAL HEALTH FOR CITIZENS
AROUND THE WORLD.
THROUGH NO FAULT OF THEIR OWN A
MONTH ACHEGO, 800,000 OF OUR FEL
SIT ZENSCITIZENS FOUND THEMSELVE
WITHOUT A PAYCHECK.
SO MANY FEDERAL WORKERS LIVE
PAYCHECK TO PAYCHECK, AND SO
JUST THE ESSENTIALS THAT THEY
NEED, BUYING GROCERIES, GETS
GASOLINE, YOU KNOW, THEY’RE
RATIONING THEIR MEDICATIONS.
I THINK THE PRIVATE SECTOR NOW
HAS THE OPPORTUNITY AND ALSO THE
OBLIGATION TO STEP UP AND HELP.
>> THE OBLIGATION, BUT IT’S ALSO
THE GOVERNMENT’S OBLIGATION TO
PAY THESE PEOPLE FOR WORK
THEY’VE DONE.
THEY’VE DONE. EVEN THOUGH WHAT THEY’RE DOING
IS A GOOD THING, ISN’T IT
FRUSTRATING THESE PEOPLE NEED
THIS KIND OF HELP EVEN THOUGH
THEY’VE GOT FULL-TIME JOBS?
>> I THINK NO MATTER WHERE YOU
STAND ON THE ISSUE, AND THERE
ARE PEOPLE ON BOTH SIDES OF THIS
ISSUE, WHAT WE REALLY TRY TO DO
AS A COMPANY, AS A TEAM, IS
FOLLOW WHAT OUR VALUES ARE.
OUR VALUES REALLY SAID TO US
THAT WE NEED TO DO THIS.
AS YOU MENTIONED AT THE
BEGINNING, THIS ISN’T A RED OR
BLUE ISSUE.
BLUE ISSUE. THIS REALLY IS AN ISSUE THAT
INVOLVES OUR COMMUNITIES THAT WE
LIVE IN, THE PUBLIC SECTOR IS AN
ESSENTIAL PART OF WHAT ALL OF US
AS CITIZENS COUNT ON.
AND SO WHEN WE HAVE THE
OPPORTUNITY TO LEAN IN, TO THINK
ABOUT CREATIVE SOLUTIONS, WE
SHOULD DO THAT.
IT HAS NOTHING TO DO WITH
POLITICS.
POLITICS. >> TAKE ME BACK A MONTH BEFORE
THIS SHUTDOWN.
THIS SHUTDOWN. GIVEN WHAT PAY PAL DOES.
DO YOU SEE WHAT OUR ECONOMY
ACTUALLY LOOKS LIKE?
HELP US UNDERSTAND.
BECAUSE ONE OF THE THINGS THAT
LED TO THE RISE OF PRESIDENT
TRUMP IS SO MANY AMERICANS WHO
SAID THE FINANCIAL CRISIS HIT ME
AND HIT ME HARD AND I DIDN’T
COME BACK.
COME BACK. BUT YOU DID IN SAN FRANCISCO AND
I DID IN NEW YORK.
TELL ME WHAT THE COUNTRY AND
ECONOMY ACTUALLY LOOKS LIKE.
>> SO IT’S NOT A GREAT PICTURE
IF YOU LOOK AT IT.
80% OF AMERICANS LIVE PAYCHECK
TO PAYCHECK.
TO PAYCHECK. >> WHY?
>> WHY? >> 80% LIVE THAT WAY.
ALMOST HALF OF THE COUNTRY HAS
LESS THAN $400 OF SAVINGS.
WE LIVE REALLY IN A WORLD WHERE
WE COUNT ON WHATEVER INCOME WE
CAN GET AND THE NEXT PAYCHECK
THAT’S COMING IN.
IN MANY WAYS THIS IDEA OF
FINANCIAL HEALTH WHICH REALLY
DRIVES ALL OF US AT PAY PAL IS I
THINK A FUNDAMENTAL ISSUE FOR US
ALL TO ADDRESS AS CITIZENS.
2 BILLION PEOPLE IN THE WORLD
LIVE OUTSIDE THE FINANCIAL
SYSTEM.
SYSTEM. WE SHOULD BE ABLE TO USE THINGS
LIKE TECHNOLOGY AND LIKE DIGITAL
MONEY TO MAKE LIFE EASIER FOR
THEM.
THEM. TO BE ABLE TO DO TRANSACTIONS
LESS EXPENSIVELY.
LESS EXPENSIVELY. TO DO THEM MORE SECURELY.
TO BE ABLE TO MAKE THOSE
TRANSACTIONS THAT MANY PEOPLE
TAKE FOR GRANTED BUT FOR
BILLIONS OF PEOPLE IN THE WORLD,
ARE TIME CONSUMING AND VERY
EXPENSIVE.
EXPENSIVE. >> WHEN WE CELEBRATE WE’RE AT
FULL EMPLOYMENT, DO YOU KNOW
BETTER KNOWING HOW CASH STRAPPED
AMERICANS ARE?
AMERICANS ARE? >> I THINK EMPLOYMENT IS ONE
MEASURE.
MEASURE. BUT REALLY FINANCIAL HEALTH IS
THE KEY MEASURE THAT WE NEED TO
LOOK AT.
LOOK AT. ARE PEOPLE PUTTING AWAY SAVINGS?
ARE THEY ABLE TO ACCESS MONEY
WHEN THEY MOST NEED IT?
AND THAT’S WHY WE PUT UP THIS
$25 BILLION FUND TO HELP SOME
50,000 FAMILIES.
50,000 FAMILIES. BECAUSE, YOU KNOW, THIS IS UP TO
$500 PER LOAN.
SO THIS COULD HELP 50,000
FAMILIES TO CREATE SOME
FLEXIBILITY AND SOME CERTAINTY
FOR THEM IN THESE TIMES THAT ARE
VERY UNCERTAIN IN GENERAL.
>> FINANCIAL SECURITY MAKES
PEOPLE FEEL A WHOLE HECK OF A
LOT BETTER.
LOT BETTER. THANK YOU FOR DOING THIS.
THANK YOU, PAY PAL.
SEE HOW DIVIDED THE COUNTRY IS,
SEE HOW ANGRY PEOPLE ARE?