tim armstrong marking a key day at aol.tin is standing by in los angeles with the details. hi, julia. >> hi, trish. well, it's been 100 days since tim armstrong took on the task of fixing troubled aol. what does he have in the works? i'll have the details coming up only on "the call." >>> all right.. check out google, the company report earnings coming up after the bell tomorrow.. the street is looking for revenue of $5.5 billion. take a look at google right now, trading up 10 bucks. wow, more than 2.5% on the day. trish. >> yeah, that's a lot of up side. thanks, melissa.a. >>> the first 100 days are a key time frame for any new leader, whether you're the president of the united states or if you're the one heading up a struggling business. aol's new chief executive tim armstrong marks his 100th day tomorrow, and details to save time warner is slowly leaking. we're in los angeles with some details on this plan. hi, julia.a. >> reporter: hi, trish. time warner hired tim armstrong to turn its struggling aol around. now, 100 da

because you'vegot tim armstrong who came from goog now the c.e.o. of aol he took what is a hobbled coany, and is taking it in a new directi away from the sweet spot that ggle or yahoo! omicrosoft already dominated. he's hiring hundds of journalistjournallistshich as you knowrom your politico piece at very, very valuable assets. is kind of crete eighting not just one part his busiss creating this sort of new newsstanonline. is doing lot of intesting things. why didn'tcarol parts do that? why didn't she double wn, u camake argument that ultimately she hadto do something becae she doesn't have microso's windowsmoney. doesn't hav google search money. ultimately search is expeive. maybe she th is to get out of the the siness ultimately. but microsofneeds her search volume. why not double dow investin search and get bette deal down the line? or merge with aol whin they become public? >> charlie: saking of one finalssue, anti-trust, nick. is google worried about anti-tst of the marketshare? with this deal be subject to anti-trust implications, questions? >

because you've t tim armstrong who came from google now the c.e.o. of aol he tookhat is a hobbled compy, and is taking it in a new directionway from the sweet spot that gooe or yahoo! or crosoft already dominated. he's hiring hundre of journalistjournallists wch as you know fm yourolitico piece th very, very valuable sets. is kind of crete eighting not just one part of his busine eating this sort of new newsstand line. is doing lot of intereing things. why didn't rol parts do that? why didn't she double do, yo can ke argument that ultimately she had do something becausshe doesn't have microsoft windows ney. doesn't have google search money. ultimately search is expense. maybe she thats to get out of the the buness ultimately. but microsoft eds her search volume. why not double down, invest arch and get better deal down the line? or merge with aol witn they become public? >>harlie: speing of one final issue, anti-trust, nick is google worried about an-trust of the marketshare? with this deal be subjecto anti-trust implications, questis? >> google is i

tim armstrong is saying stock hoerlds should cash in on what he expects to be a resurgence in online advertising. the internet company is also planning to launch more localized websites to help increase revenue over the next few years. >>> the majority much u.s. banks that receive bailout money from the government have reportedly used that money to increase lending. a report connected by the special inspector general for the t.a.r.p. program shows 83% of the 360 recipients surveyed say they wrote new loans to customers. 43% say they used the money to bolster their balance sheets. 31% used it to make investments. christine? >> bertha, for news, video, blogs, you can find them all at cnbc.com. >>> still ahead on "worldwide exchange," we'll be speaking to richard cookson from hsbc, about whether a sustainable rally has arrived. get your e-mails in now for that discussion and we'll forward your questions. worldwide@cnbc.com. >> the latest on the currency market. the yen is weaker against the dollar. and the dollar is weaker against the pound and the euro. >>> okay. the beginning of the w

and it's going to go up and we'll see how tim armstrong works as a manager. i think what else here is you can concentrate on the rest of the businesses and aside from the magazine business, which under the best of circumstances is challenged and under the worst of circumstances has a shot of going ex tickets, which i probably think is 1% probability, the other businesses are top drawer consumer businesses. every bid is as high quality as something like a procter & gamble and i think the valuation is going to compare this company against companies such as proctor & gam blg, walmart,co ka coal what and it's reasonably priced compared to a lot of those and i think it's growth contacts are equivalent. >> but larry, none of those companies are faesing the question about piracy and everything else that -- >> you haven't selecting digital pennies for harry potter for a hangover. >> those are cage toll $100 bills. >> that's a great movie. have you seen it, joe inspect. >> i saw hackover once, mercifully so. >> what about harry potter? >> no. >> harry potter has raise

. >> reporter: you've express ed interest in aol in the past and now tim armstrong is trying to do the turnaround, are you interested in aol as a potential acquisition? >> well, i don't probably think it's going to come up for acquisition, but there may be commercial arrangements, partnerships and things we can do with aol.w >> reporter: do you think it is a viable turnaround? >> yeah, i do, i do. i have a lot of confidence in tim. >> reporter: a question of another media property. microsoft's bing, what do you think of bing, and you own ask.com. can microsoft market its way to success with bing? >> most of bing but a lot of bing looks like ask. a lot of the ideas that ask, a band of people that ask pioneer invented over the last, you know, innovated in the last couple of years are most of the things that people talk about the good parts of bing so i think that's nice. and i think it's -- i think actually it's a good step. i think bing is a good product. >> reporter: what does it mean for ask.com? >> i don't think it means particularly anything much to ask.com. ask has been able to hol

armstrong was 37 miles behind and he caught up? >> is that incredible? >> what did he have for breakfast? >> tough guy. >> thanks, tim. well, the g.o.p. is trying to portray president obama's health care efforts as a risky experiment the country cannot afford. we have the story in the political pulse. >> the r.n.c. launched a website to drive grass-roots opposition to the health care reform plans on capitol hill. the bsite, barackobamaexperiment.com is an experiment to get people to contact lawmakers. but an organization that supports reform says the republicans' efforts aren't what the country needs. t thwi theth p ( rock music playing ) this is about a new, more efficient luxury hybrid continuing to produce 70% fewer smog-forming emissions while delivering greater power. a fact not lost on the world around us. the all-new 2010 lexus rx hybrid. >> wove temperatures in the 90's. it's hard to think about christmas. but that's exactly what one local man is doing. he's the u.s. cap top superintendent of ground. he has the job of picking the capitol christmas tree. this year the tree will come from arizona. so he went out

armstrong's first words, first steps. we will be continuing to cover that historic anniversary today. i am mary bubala in for don scott today. he is off the whole week and tim is over in first warning weather center in for marty. we will get to sharon in just a second. we will start with tim. >> all right, mary, good morning and good morning, everyone. if you were just waking up, a pretty pleasant start. temperature-wise we are looking at a calm day. temperatures are in the 60s. first warning live doppler show we have rain moving in our region and nothing across the state just yet, but we have showers courtesy of a front just offshore and low pressure moving in from the south. that low pressure will bring with it some humidity, higher humidity, temperatures in the 80s and a chance of showers through this afternoon and the rest of the day. so this is how it all shapes up. temperatures starting off in the mid-60s. our daytime high around 83 degrees. back down into the mid-60s with a chance -- increased chance of showers and thundershowers by midnight. we will have your complete updated first warning forecast in just a few moments. mary. >> thank you. >>> over