Consumers turn pessimistic; eBay & PayPal split; FCC may end NFL blackouts

Stocks turned south after some not so stellar economic data. 

U.S. consumer’s outlook of the economy turned sour this month. The Conference Board reported that confidence unexpectedly fell to the lowest level in four months in September. The index came in at 86.0 from 93.4 in August. 

U.S. home prices rose less than expected in July on a year-over-year basis. The S&P/Case Shiller Home Price Index showed prices for single-family homes rose 6.7% in July down from the same period a year ago.

And the Institute for Supply Management business barometer in the Chicago area also came in below what economists were looking for in September. 

Apple (AAPL) dealing some mixed news this morning. First, Europe's antitrust regulator revealed today that Apple's tax deals in Ireland in 1991 and 2007 broke sate-aid rules.  Meantime, Apple has received the green light from the Chinese regulators to start selling its new iPhones in the country after addressing security risks that could result in personal data breaches. Chinese customers will be able to get their hands on the  iPhone 6 and iPhone 6  Plus on October 17th.

eBay (EBAY) and PayPal are parting ways after 12-years together.  The company will spin off its PayPal business into a separate publicly traded company in the second half of next year. The company resisted a similar plan proposed by activist investor Carl Icahn earlier this year. The move to split into two companies also comes after Apple unveiled a new mobile payment system earlier this month called Apple Pay.  News of the spin off sent eBay shares higher in early trading

Related: eBay and PayPal part ways; Move gets a lift on News Corp takeover; Netflix takes on Hollywood

Other stocks the Yahoo Finance team will be watching for you today.

Shares of Move (MOVE) are rose after Rupert Murdoch's News Corp (NWS) said it is buying the online real estate firm for $950 million in cash, or $21-dollars a share. The deal will help the media company diversify its business by gaining a foothold in the digital real estate market.

Netflix (NFLX) going head-to-head with Hollywood.  Netflix will premiere the sequel of the 2000 Oscar winning drama “Crouching Tiger Hidden Dragon” at the same time it will hit IMAX movie theaters in August. This comes after it inked a deal with the studio producing the film, the Weinstein company. 

Related: FCC may end NFL blackout rule Tuesday; Bills fans likely to rejoice

The FCC is saying it may ease NFL blackout rules. Blackout rules prevent local media from showing a game on TV if the stadium has not sold out. The Buffalo Bills have been subjected to more blackouts in recent years than any other team.

For those of us who aren't dealing with blackouts - chances are when we're watching football, we're snacking. It's no secret that America is big on snacks - but the world is catching up to us. Globally, customers spent $374 billion on snacks in the past year, and some 45% of people in the world replace meals with snacks according to a global survey conducted by consumer research group Nielsen.

And Americans are doing more than just eating on the go, they're also banking on the go. According to a new report by the FDIC the number of bank branches in the U.S. shrank last year. That's because more of us are banking online, plus online services are cheaper for the banks. The decline has been happening for years, but this is the biggest one year drop in at least two decades. There's about as many bank branches now as there was in 2005.  

“I think more American might want to bank in person but for the banks it’s a better business model for them to have you do it online and not actually have a physical branch that they have to support,” said Yahoo Finance Editor-in-Chief Aaron Task.