but what about qualcomm. steve ballmer, the current ceo, recently cited qualcomm and apple and samsung has taken advantage of the shift to mobile. mobile is where microsoft is lagging behind and needs to make up a lot of lost ground. he is on a list of several antedates under serious consideration. >> what did you specifically do at qualcomm? >> he is the number 2, 44, joined the company as an engineer. >> 44? he is a baby. >> his current boss over at qualcomm is 52. he is the son of one of qualcomm 's founders, so he probably isn't going to step aside anytime soon. reading between the words come he can't have to think, in order to move up, this guy has to move companies. >> what was the response to the sell side? >> they have moved on in terms of who is going to be the next ceo to what the next ceo's challenge will be. just noted that microsoft sold 3.5 billion euros of bonds last week. he said this is tied in with the next announcement of the ceo. whoever the next ceo will be, there will either do a big buy

. >> while qualcomm made a decision overnight. >> qualcomm moved fast. does this mean microsoft moved too slowly in its ceo search while trying to replace that guy? >> we are really deciding what business we want to be when we business, cash transitional into mobile or a growth business? i think that takes a different kind of leader, and my believe is it is going to come from inside still. be waiting toay roll out the red carpet for a new leader, but in silicon valley, scientists are actually getting the red carpet treatment. this is not the academy award. we are talking about breakthrough prizes awarding excellence and innovation in science. emily chang takes us there. to come to an awards show that is only going to be an hour-long is a remarkable thing. i hope hollywood will learn a big lesson from the scientific community. the real for this to oscars? >> i prefer this. going to be a fun evening. the average sat score here is higher. >> you make fun of actors. can you make fun of scientist? >> no, well, they are nerds, so yes. >> it is really amazing t

. -- of qualcomm. time warner cable has been a subject of takeover talk for weeks, and now it could be just days away. charter communications is prepping offer for less than $140 a share. and the royal payout in silicon carpet, as the red they gathered to support achievements in science. well, is not letting microsoft swipe one of its top executives pa. to ceo andomoted him president. he will take over for outgoing ceo paul jacob said in march. he'll become the executive chairman and focus on the strategy. this is sometime -- the first time someone out of the day of family will hold the ceo position. cory, let's start with qualcomm. 18 efforts a day makes. really incredible, he goes from being a leading candidate for the job at microsoft to becoming a ceo of the company were did not look as if there would be a ceo job ever available. this covenant was founded by jacob, it was run by jacob gabbana did not look like it would be different that. aboard of qualcomm decided to make a very quick change to kee

. ♪ >> qualcomm's steve mullen ampf will mollenc become the ceo of qualcomm. qualcomm is the world's largest maker of chips for phones. the microsoft board was said to opf tosidering mollenk replace steve ballmer. we will see if that changes. >> to think that had anything to do with it? >> it is a fairly quick turnaround. he have to imagine that called him up and asked what was going on. we want to keep you and make you ceo. it shows you how qualcomm turns on a dart -- time. they said it could take up to a year. >> i am fascinated. some people's names have risen up and then they have fallen off the grid. stephen from nokia was considered a possibility. alan mulally has straps down the list. within microsoft, there are differing views about the future of the company. is the future of the company to fix microsoft and bring in someone who has turned around a troubled part of boeing? look for someone who could fix the culture? or do you go with someone who is running the cloud services business and could be the future of computing? or do they go to focus on mobile

today qualcomm. they were naming a new ceo. steve, would you be a buyer of qualcomm here, new ceo or not? >> you know, brian, i absolutely would. big win last night for the san diego chargers, which is the team that qualcomm sponsors. >> my favorite team. >> and qualcomm has been a big winner. over the last six months significantly outperformed the market and its sector. main reason i love this name cyst really -- it's a choice d all of the above. what i mean is within the mobile space as long as mobile grow when is you own qualcomm you don't have to pick which mobile provider will win. they own all of them. rather than selling the physical chips most of their revenue comes from licensing. >> 71,000 patents qualcomm owns. >> that's right. two-thirds of their revenue. given that this technology, i think s-a revenue stream that's significant and only going to increase and on top of that you get a dividend which you don't get in a lot of tech names. almost a 2% dividend. this is a winner that keeps winning. >> j.c. do the charts a

>> qualcomm is kind of in hot water in china. it's not their own fault. ultimately, they are in a place where there is an investigation in qualcomm. cho enis a place where i think qualcomm, every place they have won around the world, they have won with expensive royalty stream that will go higher. in china, they won't have that. my view on smartphones is the same thing. smartphones are going that way. qualcomm is still an amazing company and a company that doesn't deserve what's happening in china to happen, but it doesn't sound like they are tears. i would say stay may not be in favor here. they're not in favor in china. there is no way to own these stocks with royalties in decline. >> look at ipm. i kind of look at this as what a retailer blames their bad sales on the weather, right? ibm certainly may have problems in china, but they've just lost a huge contract to amazon to the cia. they're also losing out on the homefront. >> that being said, ibm for trade, right around these level, i wouldn't mind belong it. ibm has the chart we put up, their stock p

qualcomm is an anointed knock. it continues to go higher. people are looking for a high-growth semiconductor. they don't see it with microchips or broadcom. etf with semis -- >> people forget this is an enormous company. it's $123 billion market value. >> it's gigantic! >> that ain't small. >> it's a love company. don't forget, arm holdings today up very, very big on talk that google is going to shift away from intel. apparently a very large part of -- intel is not a mosaic for many companies. i do think we have to be very careful of intel, if they do lose this business to arm holdings, arm holdings is a very valued company, like qualcomm. that's another loved company. people are showing arm holdings love. >> they are. if reading the release, i stumbled on this. remember sherry lancing? she's the providing director of qualcomm's board of directors. >> paramount? >> i got to believe it's the same one. it's spelled the same. if it isn't, i'm wrong. as for microsoft and the top job there, i can give you one person kind of close to what's going

>> wahl, i mean, qualcomm's charms. if you remember even the last quarter they didn't have good things to say. it doesn't matter. the eye growth guys cannot stay away from qualcomm. they're looking at 4g, it doesn't matter. it is an anointed stock for 2014. it kind of aggravating, i think. >> yeah. interesting the way it's working. i guess you got to consider that paul jacobs probably grew up with that company around him all the time. 51 is okay to beat, chairman, don't you think, if you need to keep this other guy, if someone's going to steal him? >> i said there's got to be some nfl team that can buy him, right? >> once you got a stadium, why do you still want to go into work every day as -- i don't know. have you made a bid on philadelphia stadium, tim? -- jim? >> no, t rk, i have no. sunday night they flexed us, which means every kid you were going to take to the game you have to say, hey, listen, sorry. you have to get a whole new group of people to go. >> who do they play? >> we play the bears pipts going to be a

back to you. >>> in a surprise move qualcomm taps steve mullencoff as their new ceo. he was rumored to be at or near the top of the list to replace balmer. our next guest says this is regular business when it comes to nabbing top ceos. >>> bob, welcome back. nice to have you here. >> nice to be here. it does kind of seem to be a bidding war is out there. m alan mullaly isn't commenting. is this what it comes down to if companies want to keep good talent they have to elevate them? >> there's one thing about tlaents. the world is transparent. people know even across industries. there are rumors about people moving from one industry to another in order to be ceo. and maybe it's like to use another sports metaphor it's hard to make the super bowl without an elite quarterback. the role of the ceo today is really crucial. given all the pressure that the street basically puts on every company. >> yeah. if you were alan mullaly over at ford as we said he's been -- he's been very evasive, our phil lebeau has at the ride to pin him down. how would you advise him to play the sit

qualcomm came out with a smart watch. kind of an interesting move to go completely into the consumer device space. what does that tell but the company? >> i think what they're trying to do is show a lot of the companieses what they can do with their mobile chips. they want to develop more wearable technology. i don't look at it as really a product they're trying to sell, more like a prototype. hey, samsung came out with a watch. i'm personally not a big fan. i've used the pebble. i don't need it. i like my ewc just fine. but going back to the point about everybody's worried about low end phones, but if you go to china and you have an iphone, you're considered wealthy. and that's what they care about. they want to be like americans and they want to have things that display wealth. the high end in china is growing incredibly fast. >> it's a very small piece of the overall market. >> it's growing very rapidly. you got about a billion people. >> one to two is a big growth rate, but unfortunately that's not where the mass mark

they're looking at qualcomm and their chief officer, steve mollenkopf. i want to bring them bloomberg editor at large cory johnson to tell us more. chip-maker,from a an ip company. >> one thing that microsoft has screwed up his mobile. they just haven't gotten the strategy right and as the world moves away from desktops and onto computing on telephones, the phones have more power than for -- personal computers or supercomputers from the 1980s. microsoft has not of alt with this but one company that has is qualcomm. they are a little bit below or little bit above intel, 's long-term partner. steve ballmer has looked down at qualcomm as a company that has changed itself to a company that dominates the mobile computing universe. this is a big, complicated company with an increase in mobile technology. ceo search, we see the different idea that microsoft has about their future. alamo was still in the running but the excitement has cooled. they want to suggest someone who will fix the company and get the right priorities. they are thinking of the future andom

qualcomm has a new ceo. the world's biggest maker of chips for mobile phones announced the change this morning just hours earlier. the microsoft board had been ollenkopf for its ceo job. sales of the 500 seat monster airbus a 380 have been slowing, but in an interview, the ceo says rising traffic should boost demand. deny that traffic will grow five percent year on year thanks to asia, china, middle east, so it will double every 15 years. imagine two times more traffic from heathrow. . a record snowstorm in the middle east. it was snowing in cairo for the first time in more than a century. neard three feet jerusalem, bringing traffic to a standstill. >> i want to talk about your hair for the next two hours because it is so kooky. in --s at the fee suite see suite at qualcomm. this morning, steve mollenkopf gets promoted to ceo. two people who know. west johnson is a bloomberg editor at large. morningial guest this is steve miller, chairman of , andformer ceo of delphi in his free time, he sits on the boards

obviously we're partners with qualcomm, qualcomm life and future generation as we look at open connectivity involves that partnership with qualcomm and including all of the chip sets that they as well as bluetooth. >> terry, thanks for stopping by. fascinating stuff. ter terry gregg. first move coming right back. stay tuned. there's a saying around here, you stand behind what you say. around here you don't make excuses. you make commitments. and when you can't live up to them, you own up, and make it right. some people think the kind of accountability that thrives on so many streets in this country has gone missing in the places where it's needed most. but i know you'll still find it when you know where to look. anncr vo: introducing the schwab accountability guarantee. if you're not happy with one of our participating investment advisory services, we'll refund your program fee from the previous quarter. while, it's no guarantee against loss and other fees and expenses may still apply, we stand by our word. afghanistan in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's ea

breaking news and a new name emerging in the microsoft ceo search, the board considering qualcomm ceo steve mollenkopf. we don't know yet, but one candidate who may be fading is ford ceo mulaly. there were concerns about his lack of technology experience. they want a new ceo, ideally, before the end of the year. tom giles, good to see you on the east coast. >> it is like bloomberg east here. >> this is a big deal. they are busting the phones to find out what they heard, tell us about it. >> it turns out we found the name of the person, he is the coo of qualcomm. a well regarded company and has done well in terms of the stock price and growth. they are a leader in wireless technology, specifically the chips that a lot of phones you and i use. microsoft has had an area of weakness, and that is where it can be brought. >> it is a really different focus for the company. >> someone who can fix the company, he has done it once or arguably twice. another guy outside is looking at mobile. areas microsoft could focus on. >> this is where microsoft needs strength. this is a scenario in which mu

qualcomm's chief operating officer got promoted. he is going to become the ceo of qualcomm on march 4. this move marks the first time in nearly three decades that they picked a leader from outside the founding family. him out as a replacement for steve ballmer. what is interesting is how fast qualcomm made this move. >> they have been talking about this. you do not make a move that fast. we like to think that is the case but they have been doing this for a wild. operatingchief officer of that company. it is an important thing. he is running every aspect of the operations. when these people start to leave, you have that brain drain on the company, it does affect the stock and the value of the company. >> why is microsoft taking so long to find a new ceo? >> it is not a long time. it usually takes over one year on the average ceo change. before we know it, it will get leaked out before anyone wants it done. now we have the top candidates. we are getting down to a three person race. from thee someone inside or someone from nokia? this

su keenan has details on qualcomm's new ceo and all of the friday market news. and yang yang has reaction from harry reid on the battle in the united states senate. greg good evening mark. the battle is in the senate after the house voted ,verwhelmingly on thursday almost equal numbers of republicans and democrats, to pass the bipartisan budget deal. it puts new pressure on the senate democrats to get it through this one last hurdle and onto president obama's. the senate is expected to take up the bill on tuesday. 5 republicans will have to join democrats for the deal to pass. after two street all night sessions, and the continuing fight over senate rules, passage does not look like a landslide. despite strong republican support in the house, some of republicanofile -- senators have already lined up in opposition to the bill. they do not think that the deal negotiated by congressman paul ryan and senator patty murray does enough to bring down the deficit. majority leader harry reid who spoke to bloomberg's al hunt for "political capital" said that senators have

strong roe, low debt, strong free cash flow, intel, qualcomm and apple. place to be for next year. >> now matt, why? we've been talking about it a long time, the traditional conventional wisdom tech helps lead the way higher and lower in markets. why is it tech is going to be different this time around, matt? >> sure. sure. they have the second lowest pay outratio in the s&p 500 besides the financials. you're looking at companies in a name like qualcomm increased their dividend 40% in march, we think they will increase it 10 to 15%? march next year. companies that have the ability to pay you more, consist weren't earnings, reasonably a valued. avoid micron that has had a huge year and trading at roughly 443 trailing p/e up 250%. when you look at technology these are companies that have strong margins, strong roe, the ability to pay you more and i think on tof of it very low expectations. intell, people think it's just a chip manufacturer, they could do a lot more, and with a 3/6 yield that's worth waiting for. >> to reiterate, qualcomm, intel and apple. f

lori: qualcomm shares little changed following surprise promotion of chief operating officer steve mollenkampf in march. he is mentioned at possible ceo candidate for microsoft. so they wanted to lock him down. >> we got economic news as well. producer prices fell by .1% in november. this is the third straight month of declines. the big reason is the fall of gasoline prices since the sumer. >> time warner cable stock is high. we have reports that charter communications is preparing to send an offer letter to the company. reuters says charter plans to make a cash and stock offer at less than $135 per share. david: the full united states senate could vote to confirm janet yellen as chair of the federal reserve next week. both parties expected her to be confirmed so she can take over the fed's reins from ben bernanke in february. a lot of talk about that. lori: we're facing arrival of the biggest winter storm so far this year. could dump as much a foot of snow in places and badly disrupt another holiday shopping weekend. "after the bell" starts right now. david: all right. we'll go back to the st

breaking news and a new name emerging in the microsoft ceo search, the board considering qualcomm ceo steve mollenkopf. we don't know yet, but one candidate who may be fading is forbes ceo mullaly. there were concerns about his lack of technology experience. they want a new ceo, ideally, before the end of the year. tom giles, good to see you on the east coast. >> it is like bloomberg east here. >> this is a big deal. they are busting the phones to find out what they heard, tell us about it. >> it turns out we found the name of the person, he is the coo of qualcomm. a well regarded company and has done well in terms of the stock price and growth. they are a leader in wireless technology, specifically the chips that a lot of phones you and i use. microsoft has had an area of weakness, and that is where it that is an area of expertise that he can bring. >> it is a really different focus for the company. >> someone who can fix the company, he has done it once or arguably twice. another guy outside is looking at mobile. all of them >> this is where areas that microsoft could focus on. >> t

this one is from qualcomm. we have one here at post 9. an up close look at the new gadget after the break. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year [ ding! ] at the lexus december to remember sales event. this is the pursuit of perfection. yep. got all the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the relia

qualcomm. >> qualcomm have the chip side for smartphones and tablets and licensing side with all their patents. 3 g and 4g and $17 a share and 2% dividend at 14 times earnings looks attractive to me. >> utx and acn. >> utx terrific company. one of the best i've owned. earnings per share growth. huge free cash flow. accen turn re, terrific company, exposure to three trends. outsourcing, regulation and the cloud computing. they have no debt on the balance sheet at 2.25% dividend, little bit slower growth. five out of my ten i buy all of these myself, going buy them in the morning, at the close on 12-31. i'll let you know how i did next year. >> if you had to pick just one which would you pick, michael? >> very hard. united technology wos be tuld b one. i can't bet against 15 years of that track record. it really is remarkable company with fabulous management. >> good to see you, sir. thank you for joining us. cnbc contributor michael farr with his five picks for 2014. >> comes around tomorrow night. a new super tax for the super rich. you got to hear this. plus online date cigarette more

qualcomm is about to start using their intellectual property. jpmorgan says therefore we are going to see a ramp-up in the share price. jeffrey says it remains attractive. the company itself is sounding pretty up the. they say they will maintain a leading position. they are not sounding too downcast. >> carolyn, thank you very much indeed. ok, francine, let's continue to talk tech. >> bloomberg industries has released a new report on the global computer hardware outlook for the coming year. perhaps not surprisingly, the hardware slump is set to continue in 2014. joining us with more is a bloomberg industries tech analyst. of course, we want more tablets. >> we do. the grand 2014 takeaway is one of slowing growth. growth is good in some areas. growth is slowing. compare that to pcs where there is diminished growth. if not narrowing. -- have to overload that overlay that with pressure. the emergence of the asia- pacific region for my shipping perspective. if you look at all of those together, a large hardware company has to be aware of two very im

there are a number of high- profile cases and qualcomm is being investigated. onare seeing a crackdown milk producers. the government has find six terry companies for price fixing. that is a record amount, under the laws. they're cracking down on the alleged collusion by select companies and select industries. >> thanks a lot. we're going to get look at the ipo in hong kong and $3 billion. --.shares are at it is the middle of the reins they indicated and there are 13% more shares. it is known as a green shoe option. rejecting a takeover by an oil producer there. they were presented a premium and i should say that. they say it undervalues them by quite a bit and they are formally with the --. rallying 5.5% there. singapore says they will tighten regulations on foreign workers and street clashes had 400 people involved in india. overseas labor has contributed to the growth in the economy. about a third of the workforce is made up of foreign workers. continuing to tighten our policies. we recognize our infrastructure. is something we do not take for granted. we wo

most recently we got a note a recent negotiation on qualcomm. recordckdown has seen fines on milk produces such as mead johnson nutrition company if that is the largest seller here in china of baby formula. government finds six dairy companies with $109 million for price-fixing. authorities say they tried to fix minimum resa prices of .heir products it therefore hurt the consumer here. ndrc said it will improve mechanisms in order to mitigate the rising prices. here is the key. to mitigate the impact of rising towards, this is a move the population here. >> thank you for that. let's give you a sense on how the australian markets are opening up. they're coming out of the gate. .e are seeing downward pressure the australian dollar continuing the losing momentum we have seen this week also by a fit of 1%. when fits of 1%. we have some breaking news emerging from australia. it is what farmers are considering to sell. like 1.8 four $5 billion. we get details on that. that is the breaking on the corporate front. what haseen marking been happening. if

. >> qualcomm, all you need to know is this headline qualcomm to build neuroinspired chips from a couple months ago, that's where you want to be. >> there you go. that does it for us catch more on fast money on monday. options action begins after this break. have a nice weekend. ionsxpress, our clients really seem to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. yea, and these ideas are across the board -- bullish, bearish and neutral. i think you need a bigger desk, pal. another one? traders love our trading patterns, now with options patterns. what's not to love? they see what others are trading -- like the day's top 10 options trades by volume -- and get ideas! yea i have an id

and another high-flying stock back then was mobile chipmaker qualcomm which traded at 127 times earnings in '96. today it's valued at 19 times earnings. so maybe not all that irrational exuberance for some stocks despite, sue, the record highs that we're seeing. >> that was a great look because it really does put it in perspective when you're sitting at these record highs, it's easy to kind of look at it and think that we're at record highs. >> remember when qualcomm was supposed to be $1,000 stock? >> yes, i do. i do. we've been doing this a long time. ty, down to you. >> all right, sue, thank you very much. so is the fear of losing the fed's stimulus stronger than some good economic news like today's gdp number? and is that good economic news so great in the first place? deutsche bank chief u.s. economist joe livornia is here. welcome to you both. joe, let's not get too picky about the gdp number, but some people are concerned that so much of the growth came from inventory buildup. is that a good thing? a bad thing? does it speak well of the future or what? >> late in the cycle, invent

qualcomm is making the switch to a new chief executive. steve mollenkopf, former chief operating officer, will take the reins in march, replacing paul jacobs, who is stepping down.the announcement came shortly after reports said microsoft was considering mollenkopf as ceo.he takes over as the chipmaker faces an antitrust investigation in china, its largest market. boeing isn't saying what it's plans are, but it just took out a lease, for 1 dollar, for 468 acres of state land near its plant in south carolina. this after one of the company's main unions again rejected boeing's offer for a new contract to make planes in the company's home region around seattle. as talks have founded hearly 2 dozen states have been making nice toward boeing, hoping to be picked as the new home to build the next generation 777. toyota is in talks to settle lawsuits related to sudden acceleration. the automaker will enter an "intensive settlement process" and begin conferences on a case-by-case basis in february. it has settled several lawsuits but still faces m

let's look at shares of qualcomm off slightly $72.58. >>> well, adobe impressed investors with subscriber growth sending the stock to an all-time high today. the photo shop maker saw a 22% jump in the creative cloud sweet subscribers from last year. >> at the beginning of the year, we thought we might have 1.25 million subscribers adopting the cloud. we passed that number with over 1.4 million subscribers, and i think the message really is that for consumers, it's a better proposition. >> the ceo says he expects the subscriber growth to continue and that sent shares soaring up almost 13% to $60.89. >>> a different story for united technology today. shares fell after the company revised the earnings outlook. the maker of elevators and air conditioners gave guidance for this year and next that just missed wall street easiest mitts. possible government spending cuts are weighing down the defense unit, which makes engines for black hawk helicopters. shares slipped to $107.35. >>> honey well unveiled a 5 billion-dollar buy back plan today. the announcement comes as the old plan expires. honey

speaking of tech, qualcomm is launching the newest smartwatch on the market. it costs 350- dollars and joins samsung, sony and pebble making waves. and its a busy day in the air. triple a says today is one of the busiest days for air travel this holiday season. air travel is up over 1% from last year. after a long holiday weekend, we are back and so is todd horwitz of averagejoeoptions.com to get the day started for us. todd how are you? > >good morning chuck. how are you doing? > >very well. todd, what are your expectations for trading this week? > >i think this week is going to be fairly quiet. we're really building a big balloon, still watching the fed. i think a lot of eyes will be on the jobs number this friday. and a lot of eyes will be on what happened last week with the big sales over on black friday. but i think really we're still focusing on the fed and we're gonna focus on what the jobs number is gong to identify if we're gonna have a raise in interest rates or not. > >how critical will that jobs number be? > >i think it will go a long way to determ

. >> it turns out we found the name of the person, he is the coo of qualcomm. a well regarded company and has done well in terms of the stock price and growth. they are a leader in wireless technology, specifically the chips that a lot of phones you and i use. microsoft has had an area of weakness, and that is where it can be brought. >> it is a really different focus for the company. someone who can fix the company, he has done it once or arguably twice. outside is looking at mobile. areas microsoft could focus on. >> this is where microsoft needs strength. whichs a scenario in mullally is taking a short-term role at the company. one scenario being considered. you can imagine him playing some kind of a role. people that we have talked to has said one area where he lacks theseer technology -- other candidates like tony bates have a great deal of expertise. he certainly shows no sign of lacking energy. >> it seems like he is on the ball. >> absolutely. he is well regarded and has a good reputation. you right off into the sunset after your stint at ford where you

qualcomm cio is the short list to replace steve ballmer at the helm of microsoft. they will work to decide on this as early as this year. steve ballmer said he plans to retire within a year. mercedes told it's u.s. dealers that they should expect fewer cma's in the first part of next year. model helped to widen the u.s. lead over bmw. the report says german lenders pulled a credit line after sac was accused of insider trading. the firm is examining its type with wall street banks. >> welcome back. and next guest says the fed will not take the next week. philip schor says the housing market is concerning. just a few hours ago. the house passed the first bipartisan federal budget in four years. it is significant in these lines because they have not tackled entitlements, they have not titled corporate taxes. 17 debt burden remains at trillion. >> absolutely, yes. not that much has been achieved in terms of the longer-term fiscal fix in the u.s.. not been touched at all. the tax code has not been simple five. what happened in october, two years ago. actually being unam

. >> qualcomm stadium with the nbc area. >> just in case you haven't heard, it's the falcons 49ers in their last regular season game ever at the stick. monday at 5:40 p.m. one person who will not be there is joe montana. he tweeted out, i regret that i will not be at the last game on monday night football. but i will be watching. >> half of the fans may be happy with their bay area team, the other half may not. coming up, how about some bay area gloating while wee at it. san francisco is voted one of the best cities in america. so what sets the bay apart from all the other preternds? detail next. ♪ hey, that's the last crescent! oh, did you want it? yeah. we'll split it. [ female announcer ] made fresh, so light, buttery and flakey. that's half. that's not half! guys, i have more. thanks, mom. [ female announcer ] do you have enough pillsbury crescents? guys... [ female announcer ] pillsbury cinnamon rolls, with cinnabon cinnamon, are an irresistible sunday morning idea. nothing calls them to the table faster. make breakfast pop! . >> a multicourse field for their families. the joll

qualcomm promoted steve mollenkopf to the top job after we reported he was among the top candidates. there is plenty of a buzz about satya nadella. what is going on with the search? paul kedrosky is a managing partner at sk ventures. he will be with us. >> it is kind of odd. a strange cross of reality tv and monty python. the whole idea of a short list goes out the window when your talk about microsoft. everybody is gone. we have a short list. the obvious problem here is anybody with any sort of understanding of technology knows what they are stepping into. they are walking to labor -- badly broken organization with a stellar marketplace that is very mature. add products that are going to end up on the chopping block. that is not an exciting opportunity. when you step out and look at and the problem is, it is not easy for them to make those kind of decisions. what stays and what goes? what vision do they bring? it is an impossible position. >> is it the board or people do not want the job? >> i think people do not want the job and a candidate problem. the classic candidate problem wh

qualcomm is making management changes. the current coo will become the ceo march 4. it was reported he was a candidate to replace steve ballmer as ceo of microsoft. the u.s. insurance company has partnered with norway's fund to invest in u.s. office properties. the venture's first investment is one financial center in boston. raise funds from taxes on oil and gas can petroleum field. qualify as real money. norway says it failed to reach the definition of currency and will be treated as an asset class subject to capital gains taxes. it is down this year but 500 million up to $1 billion in corporate invention -- venture capital is invested annually. for more on the early landscape, we bring in the founder of the life sciences angel network. very glad you are with us. you are focused on the early stage of investing. what are you seeing now? the life sciences angel network has been funded as a result of financing drying up for early stage companies. it was three years ago. >> since that time, you have invested about $3.5 million and seven companies -- in seven companies.

. >> according to people familiar with the situation, they are thinking of the qualcomm ceo as candidates to replace steve ballmer. that is according to people close to the situation. thewhile, five years after off,st of bernie mad jpmorgan chase, the banker for , they are now close to resolving a justice department probe. that is according to people close to the matter. litigation. lot of you read about madoff in the papers. we have to get this behind us. that is our job. want to get this behind us. >> that was jamie dimon speaking at a conference about resolving the madoff situation. a person briefed on the matter says that the $2 billion court deal could be reached by the yours and. ask for more on retail, i am joined by the chief economist at the credit union national association. welcome back to bottom line and good to see you again. been getting so many mixed messages this year about the state of the u.s. consumer. what did today's retail numbers tell us? >> the good news is that they are twice what expectations were for november. aboutk given what we know consumers, it is a good si

recently, qualcomm was named as being under investigation. the crackdown has also seen record fines on milk producers, such as dan and, and need johnson. , the government fined six dairy companies that combine $109 million for price-fixing, a record amount in china under its anti-monopoly laws. in its statement, it says that it will improve pricing subsidy megs in and -- subsidy mechanisms to mitigate the rising prices on the low income populations. that is the populist message coming from the new government but also they want to keep inflation in check. they want to keep corruption and check. and that is part of this drive. >> thanks, steve. >> corruption and dodgy business are the challenges facing the chinese president. and pollution coming from the fuel there. joseph, what is china doing to tackle this pollution? it has to make radical changes. absolutely. 80% comes from coal. unless you shut down 80% of the electric parties in china, you won't get that. and there are other pollution sources such as transportation the coal is a key culpri

at number five this year, software and hardware producer qualcomm. number four, company providing it services and storage for cloud computing. number three, texas instruments. number two, kaiser permanente. the number one happiest place to work this year, pfizer, where people can use the local products. cheryl: do you ever wish you could live on another planet? now you might be able to do that. the foundation else insecure suppliers for an unmanned mission launch in 2018 he essentially testing out technology that would be used for settlers and if all goes well, the first permanent settlers could land on mars by 2025. here's the catch, once you are there, there's no way to come back. that was not enough to steer people away from the idea, over 200,000 signing up to switch planets. making some of the equipment for all of theirs. lockheed martin, down about $1 right now. the smart phone, the smart watch, now the smart basketball. the creator of the bluetooth ball that uses an app to coach your shooting, passing and dribbling skills. dennis: drilling dow

microsoft is said to be considering the qualcomm chief executive among candidates to replace steve ballmer. the list also includes microsoft ,xecutives, ford ceo alan lally and there are concerns about his lack of technology experience. it has been a tough week for eads. they announced nearly 6000 job cuts. it is hoping a new plan to keep things simple will turn things around. joining me now is jonathan ferro. they are basically trying to embrace the market. they are saying, this is what we want to achieve. let me be more focused. >> this is a company that wants to go where the success is right now. the european aeronautics and defense company, you and i will not have to keep saying that name in january. it will be known as airbus. that is a name we recognize. you refocus the brand and simple five the structure of this business. we are talking about going where the success is. it has not been on the defense side of the business. the primary reason for that is because governments are cutting back on the budget for the defense spend. they are stepping away from that business. they are shrink

one day after he was considered of microsoft, qualcomm names him as c.e.o. verizon will probably demand about $3 billion for the spectrum. and finally, visa and master card won approval for a $5: billion settlement. the lawsuit settled on allegations that the credit card swipe fees are improperly focused -- fixed. those are the top headlines. >> thank you very much. more news, a potential cable consolidation. charter is said to be offering a letter to buy time warner cable. this according to a person who's familiar with the matter and this comes after earlier this week when a person said that scoir communications was discussing a possible build for scripts -- scripps networks interactive. i'm joined by u.s. cable networks head of i.h.s., eric brandon. he joins us from san francisco. good to have you both with us. there are a lot of moving parts. what's going on? let's start with charter communications. >> it's run by tom rell itch. he comes from cable vix, which was time warner cable before that liberty -- charter is looking to make a build for time warner c

qualcomm had as a winner, nokia some of the names they like. also, another name they liked. back to you. liz: we will stay with you throughout the hour watching the market on this wednesday. when will stocks stabilize again? let's go to the floor show. traders standing by, new york stock exchange, cme group and the nymex. on the floor of the new york stock exchange. you would have thought, keith, with the budget deal he would have had a solid market because it takes the guesswork out of what january will look like. i thought the market was factored in, explain this to me. >> you have a very nimble how you peace the budget pieces together. now that the budget deal is done and off the table, people are figuring that is not another thing to look to. you take that factor out, the other thing impacting the market right now is compliance, the fact president obama is likely to name stanley fischer that will be coming into the fomc in january if he is nominated. those two things on the market right now, really driving the bottom market down. the fact we got a budget deal, contrary t

qualcomm unveiling a new product and so how is this happening? >> hello, welcome back. ♪ ♪ gerri: so is this where we are headed? >> yes, absolutely. i'm glad you use that clip and that's exactly what retailers want to do. gerri: so i can download an application first, right? >> yes, they have these that would be the first that communicates with applications, knowing where you are, what you are looking at and what items are nearby and they can say, that item you just look back, this is where a special purchase that you made a month ago is or this is what is going on in this area right now. gerri: we decided to do this story and there's already an apple version. are they significantly different or the same thing? >> it's very similar but different people. one of the biggest images is that they are such a big maker of this that they can integrate other things, meaning that these sorts of things are not just in a retail environment, but other types of home automation things are happening as well. >> it is a crazy world. until i was thinking abou

long time exact off the list to become ceo of microsoft because he was just tapped to become ceo of qualcomm starting in march. taking a quick look right now, up just $0.2. $72 a per-share. it build of wagons and the end of return to the big screen in the newest installment of the hall that. investors tend to benefit from these miller thought stocks. straight to nicole petallides live on the floor of the new york stock exchange to see which stocks could get out of the biggest, if you will. >> reporter: we are watching to see stocks related up this weekend. other people will hit theaters. real entertainment. that is up about half of 1%. now, and max, a 3d theaters and dolby sound. and time warner. so they do have down arrows. it down almost one and a half% to the moment, but certainly not the, the desolation to out this weekend. you have some of the analysts making calls as well. by the way, reading time warner stock as a neutral, a $68 target. that is one to watch. a happy feeling this weekend on this now with weekend of the east coast. lori: something will all be inclined to do. thank you v

that's qualcomm's market. >> no, that's anywhere market! >> on the low end, the atom chip, they barely make money -- >> this is not about the atom chip. >> i want to hear about -- this is so controversial, i want to hear from the referee. >> from a portfolio perspective, betting on two disadvantaged tech players to come back and get it right and actually convince the market is a lot to ask, and move the needle. >> you don't like momentum and you don't like the laggards. >> i like the instinct for the laggards, but you have to mix it up. >> yeah, that's a flag. >> that's a flag. >> on behalf of everyone, thank you for giving them a voice. >> doc, thank you. >> let's go to the next playbook, a man that breaks bread with every single heavyweight in the financial industry or so he says. [ laughter ] or so he says. he's currently the managing partner at short hills capital, and before that, he was the co-head of institutional research sales at lehman and the co-head of equity research at solomon brothers. stephen weiss' 2014 playbook is up now.

qualcomm is actually fighting the tape very nicely. when you look across chips, energy, i still think those are areas that certainly can provide upside, not just into the end of the year, but into the first part of next year. >> simon, if you look at the top s&p industries through the first three quarters of the year, okay? you've got biotechs, auto components, as i mentioned, airlines, and internet retail. the likes of amazon. quarter-to-date, they've all done well. biotechs have dropped off a little bit. are those the areas, the areas within the s&p 500, we need to be focused on? >> yeah, a big part of this is the hedge funds, people chasing performance. what's been working for the first three quarters is going to work into the last quarter. so i think you will continue people piling into the names of that work, like the yelp, pandoras, amazons that continue to do well. and those are the type of names to hold onto. the ones that have been laggard, stay away from. that's where the beta has been. i think the next 12 days or so, they'll

outsider we saw stephen montcalm -- qualcomm mentioned. >> he was mentioned. >> another very viable candidate taken off the boards. plenty of risk out there. many more risks with internal candidates. >> internal candidates does seem to be what microsoft is looking for after alan mullally indicated he is happy staying with ford for now. >> exactly. >> his recommendation is to do a trade on microsoft right now because of the impending announcement it will be naming a new ceo. perhaps internal, perhaps external. "lunch money" is up next. ♪ .. >> welcome to lunch money, where he tied together the best stories, interviews, and videos in business news. what's take a look at our menu in politics. the senate prepares to pop -- to vote on the budget passed by the house last week. we are talking about the robots and drone delivery men. and using a face print instead of a fingerprint. and the hobbit crushes it at the weekend box office. and the nfl legend talks coaches, injuries, and whether college players actually get paid. the senate will vote on the $1 trillion budget agree

., you like apple and cisco and qualcomm. >> very specific. where is the value, where is the yield, where's the growth coming from? strong balance sheet, a good dividend when possible. both top and bottom line. cheryl: thank you very much. good performance on your fund this year, good job. >> thank you very much for having me. cheryl: unemployment benefits expiring for more than a million americans tomorrow. the first of many battles in capitol hill the new year. rich edson with the latest. >> it benefits depend on the state gets democrats want to extend them for one year, the cost more than $25 billion. one analyst says lawmakers could wrap employment benefits in with the debt ceiling talks. >> this is in the category of being an issue where the parties start pretty far apart. on workouts should take place, where to raise revenue and if so, how to use that type of revenue, those type of issues prevent a lot of compromise particularly because it is an election year. >> congress has a handful of items it must accomplish like increasing the debt

long time exact off the list to become ceo of microsoft because he was just tapped to become ceo of qualcomm starting in march.

deegan, qualcomm has competing products and walk around the store, is local based gps so if you walk up to and i'd had, informational and your iphone about the ipad and this applies to sports stadiums, and definitely apply to malls. >> find your parking garage a lot quicker. tracy: is that what this is all about in 2014? getting rid of the phone. >> we will see a converg between tablet operating systems and mobile operating system. it is a rate of this year, if you look at the processor, 64 bit which today's computers run on and are not taking advantage of it. the convergence between desktop and mobile systems and we will see that with windows phone and microsoft and two platforms, one strictly for mobile and one for pcs, pc tablet and phone. tracy: i picked up a laptop for my kids, almost topped out of it. he wanted me to get an ipad instead, basically can do anything a laptop can do. are we moving away, move away from the desktop. are we moving away from the laptop? >> i think we are and with a 64 bit processor moving in the next couple years our phones are going to be very capable