timken has been red hot since cramer visited one of the plants last year and news of a plant split is heating up the stock. is the breakup value just beginning to build? don't miss the exclusive with its ceo just ahead. >>> plus, going for gotham, the big apple is about to elect a new mayor, and with so much hanging in the balance, cramer's get be you inside the race. tonight, billionaire candidate on his plans to renew new york. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to madmoney@cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. >>> do i really need to tell you about the power of speculation this week? for years, people speculated on takeover type situation. nokia to no avail. and then on tuesday, totally out of the blue, we learned that microsoft was willing to fork over $7.2 billion to buy nokia's hand set business alone. nobody was looking for that. 31% gain -- >> house of pleasure. >> -- as the single digit stock jumped

and a good thing too, the stock giving a 60% gain since we went out to ohio and visited timken steel plate. let's check in with jim griffith, find out more about this breakup and what happens next. welcome back to "mad money." >> jim, it's great to be with you today. >> well, sir, i have to tell you, you convinced me and we spent a lot of time with you that it was a good idea to keep everything under one roof. why is it a good idea now to split it up? >> well, when you were here before, jim, we shared with you the clear benefits that happened between our bearing business and our steel business. the value of creation between them is very clear. once we had our annual meeting and once we saw the vote on the shareholder proposal, our board concluded that we had misred our shareholder base. and so what they did is they went out and they listened. in fact, the board met individually with about 20 of our top 25 shareholders. and the message came back very clear, this company has created a tremendous amount of value and wasn't delivering it to the shareholders. and it would be a long time b

you know, timken splitting up. how did they not just tell relation to go sell the stock if they didn't like it? >> yeah, that's a great example. and relational is one of those investors that will typically take a large position for a long time. and do a lot of work. saying sat microsoft. but it is amazing. the fact is, $2 billion worth of microsoft, you're still barely moving the needle. $2 billion worth of apple with carl icahn, you're not showing any top ten listsand yet he gets to sit down because the boards are taking it much more seriously than they did. and because there is a sense on the part of the boards that they are embracing a lot of thought about from the rest of the shareholders and if it were to go and you had to fight a proxy fight, you might lose at least a board seat. >> now, you broke a story today about aubrey mclendon coming back. here is a guy that owned a company that everyone thought was his, chesapeake, and he got thrown out. how did that happen? >> buzz of some of the i'd deals and everyth

timken, it's going to spin off the steel business and timken will remain the bearings and power transmission business. it's a victory for relational and activist hedge fund which has been working with this company for some time to spark the company. it's trading at a historic high. we want to mention the mattress firms are lower on disappointing guidance from the mattress firm. dow off 25 points. david, back to you. >> thank you, mary thompson. >>> did want to get to a small deal. dollarwise, not that small but perhaps not that interesting. leading to shares of american tower up rather sharply. stock that, jim, you follow closely. let's get to it. $4.8 billion. american tower will be buying a privately held real estate investment trust called global tower partners or a parent company of global ntower. it's a towers deal. not particularly exciting but to your point earlier, there is another -- >> yes, it's cothe more capacit you need, the more tower you need the more things you need to put up on the boutower and basically paying rent. >> the shorts are all over this. the deal you made in braz

. >>> and then timken is spinning off the kcompany's steel business. you can see that up 5% in the premarket. >>> hopes are high heading into this morning's jobs report. steve liesman is here with the answer to the question of whether or not this optimism is warranted. steve liesman? >> do you remember we went into a number like this with almost, you know, completely unadulterated optimism everywhere? >> that makes me nervous. >> we're always wrong. >> it is hard to remember the market being so quite so uniformly positive about job gains like this. ubs among a handful of wall street forecasters that upped the forecasters yesterday going into this number, ubs is up to ten down from 170. >> ism. >> exactly. >> 175 is the number here. but we just did a crash survey, whatever you want to call it, of 12 economic forecasters. and their numbers actually more like 190 up from 180. >> is that the whis per number? >> i don't know, if you took the tik to figure it out, the 11 guys including ubs, goldmanment they're not necessarily quite so high. capital economics