More evidence Snapchat will make augmented reality glasses

Stocks (^DJI, ^GSPC, ^IXIC) are mostly flat at the midday mark, with utilities (XLU) and energy (XLE) leading and with financials (XLF) the most in the red. Alan Valdes, director of floor operations at Silverbear, joins us live from the New York Stock Exchange.

To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance’s Rick Newman and Dan Roberts.

PayPal partners with MasterCard

PayPal just inked another big deal—this time with MasterCard. After splitting off from eBay, the payments company has been making acquisitions and signing deals with key partners. In July, it partnered with Visa, but investors weren’t too happy, sending the stock down as much as 9% soon after the announcement. Today, the stock is up slightly. We also take a look at Walmart Pay. Launched two months ago, shoppers are using it the way the retail giant had hoped.

Chase runs out of new Sapphire Reserve card that costs $450 annually

A new credit card from Chase is so popular the bank ran out of them. We’re talking about the Chase Sapphire Reserve card, which has a $450 annual fee. Chase tells Bloomberg it approved tens of thousands of applications last week. It ran out of the special cards and had to send out regular plastic ones. One reason the card is so popular: Cardholders who spend $4,000 in the first three months get a sign-up bonus of 100,000 points, worth $1,500 in travel through Chase’s website.

Snapchat fuels speculation about making augmented reality goggles

We have another sign today that Snapchat is serious about developing goggles featuring the technology known as “augmented reality” (or, AR). AR allows a camera to superimpose a virtual image on a real image—like Pokeman Go, for instance. The Financial Times reports that Snapchat has joined a BlueTooth wireless group. That’s fueling the latest round of speculation that Snapchat wants to move into the augmented reality hardware space.