. >>> a real shake-up at bob evan's farms today, the long-time ceo is leaving immediately. he resigned under pressure from the board, which just wrapped up a costly fight with an activist investor. he is either going to sell or stand off the products business along with other changes. >>> the folks at bob evans farms may also be upset by the price of milk and dairy products, which hit new all time highs this year. so what's do soaring dairy prices mean for u.s. farmers? morgan brennan has our story. >> how long have you been on the farm? >> my family started it in 1961. >> reporter: he is having a good year. the price of raw milk, cheese and butter all hit new highs in 2014. after production slowed in every major mim milk production in the world, except the u.s. dairy grew to the highest value and with larger feed prices, the windfall farmers have seen is allowing them to re-invest in their operation. >> it's an amazing updating on some of our equipment that maybe didn't get to be updated when the prices weren't as good. we will have some money stored so we can work off of

it's a joint ceo, not unlike when bob evans has a joint ceo. two ceos.e equals minus one. you can't have two ceos. >> the case of oracle given that they have worked together at the coo level, whatever the title was. >> they have mr. outside, mr. inside thing going, and that does work. >> still founder chairman. >> speaking of executive, we've lost the head of the anf, head of utx, now the head of bob evans, which is up almost 4%. steve davis resigning by mutual agreement. >> that was something. i felt bob evans should split, after what happened with hillshire brands. bob evans has a terrific sausage product. >> had the success of tom sandel, the activist investor able to replace quite a few board member. on the activism front, a deal this morning, toma bravo along with more canadians, ontario teachers pension plan, a large private equity wing, if you will, buying river bed for 21 bucks a share in cash. river bed, you may remember, was elliott came after them, actually offered to buy the company for 18 bucks a share. the deal gets done, private transactio

sell bob evans. it's directly linked to the ruble, isn't it? if things are bad why does honeywell, standing by their guidance forecast for more. i can't wait to take ceo david cote to task. i mean hasn't he been watching the tape about how his company is still on course for a big year? what a great opportunity this would have been to say the global growth picture is slip sliding away and he had to revise his view to the negative because i mean he must look at stocks. if things are so bad why is klaus kleinfeld the brilliant ceo of alcoa acquiring a german company that makes titanium aircraft parts. a german company. europe is falling apart isn't it? he's buying it even though the whole lightweighting concept means so much less in an environment where jet fuel is cheaper. of course when i interviewed him he pointed out when oil goes down you get better growth in the airlines want to save as much money as possible anyway which is why they'll keep buying more planes more fuel efficient. if things are so bad what is j and p securities doing saying

bob evans said the suit is quote entirely without merit.ror on a georgia freeway after a fedex truck slams into a police car. you got to watch the carefully. you can see an officer get out of his vehicle to make a routine traffic stochl when he returns to the car, a fedex trailer barrels into his vehicle. according to wgcl, rescue teamles had to use the just as of life to pull the driver from the truck after its overturned. officials say the driver failed to stay in his lane. no word yet on his condition. the police officer was not seriously injured. all right, no. 3, a woman in california will be spending christmas in jail after being arrested for allegedly stealing christmas presents from neighborhood door steps. all right. so this is the second time she's been caught, police say, cussing martha lampley was out on bail when they caught her swiping presents again. the first time around, police discovered a vault filled with clothes and jewelry and stacks of shoes. >> no. 4, a maine employee is being called a hero after she stopped a man ab

bob evans, down on the farm? >> i'm afraid to say, no. >> it was a mixed quarter for bob evans. earning he beat the street. revenue, posting flat. same-store sales. it's hard to, as you're flying over all those states, it's hard to stop in. >> that's something for your bucket list, andrew. >> as you're flying over, it doesn't really matter much, anyway. >> which ones are those? >> microchip technology says it's bookings and billings have improved since the company's last earnings report. the semi conductor company is offering a bit more optimistic guidance for the current quarter. and puma biotechnology announcing it will postpone its cancer drug until 2016. that is putting pressure on the stock. down almost 42 points, although it is a $200 stock, but that's almost a 20% decline. >> 18%, yeah. that's a big number. >>> let's get a check on the markets this morning. yesterday was a strong day for the markets. the dow closing at a record. there are red arrows this morning, but these are modest declines. s&p down by less than half a point. the nasdaq down by less than a third of a p

i felt the same way about bob evans farms. looks like they may go that way. you have companies already winning. jack in the box up another percent today, up 60s% for the year. took the next step and dichdsed it into ka doba and jack in the box you have $100 stock within a week. >> burger king buying tim hortons now jim talking about spinning off. if somebody could combine a burrito and crow nut. >> somebody in my office did actually. >> you have, weiss. >> not me. >> shack could be the one that does that. a new -- we have a public offering by danny meyer, who doesn't want a piece of that. >> i want a piece of that. one on your list i loved was oxy. because many of those others are at 52-week highs as you describe like jack in the box and so forth but oxy is down 20, 25% year to date. it's done nothing over the past decade. when you look at how the performance has been. i like this pick because i think you can get a little more of an activist bent on it, the same way you did, kudos to you in manny ta whack with ok dental petroleum because people are tired of n

. >> bob evans the ceo resigning after board members concluded the company would benefit from new leadershipli? >> this is a restaurant company where activists have been in the name hoping that management would separate the food business from the real estate holdings and try to unlock the value in the real estate by selling it and then leasing it back similar to what sears has tried to do. we're neutral on this stock. we would really like to see is a bit more sales growth and more efficiency in the business, which if they're able to unlock some of that by making some changes in the way they're managing real estate would be a positive. >> all right. let's talk about nike getting its price target raised by janny, susquehanna and ubs. >> you have to give guts out to analysts they're doing this before thursday, thursday afternoon when we get the nike earnings. talk about all of these guys seems to be focusing on the same thing. high market business and directive to consumer. that's where the growth is, where they seem to be killing it. i like this, i bought calls in here today. >> ford, downgrad

the ceo bob evans has been there for eight years.arter sales fell short of wall street estimates. his 26 minutes past the hour, which means bloomberg television is on the markets. >> time now for the future is in .ocus gold futures jumping 2.7% last week and all of this as a plunge in global equities erased some $2 trillion from the value of stocks. course reversing following 1%. at wheree with a look gold futures are headed at this point in the game and how you can make money is can half men can, i want to start with you. why is gold falling ahead of the fed meeting? >> gold is interesting. one said gold was a slamdunk and they were dead wrong. a loss of a lot of money. the reason is, while you have the barricade of the fed raising rates, the world always seems to have a lot of problems. you will see big buying out of india and china and russia. statistic, the price of gold and ruvell is up 17,000% here that is why they buy in these type of areas. it is the goal that has kept above water year to date. >> i'm curious. with that in mi

the longtime ceo of bob evans is stepping down -- the company says he is said resigning under mutualeement with the board. davis will remain with the company through the end of the year. the number of airline seats on offer in nations hit by ebola is plummeting. a new report by flight saysuling database liberia, sierra leone and guinea will see a total of 95,000 fewer available seats than one year ago and liberia was see and 81% drop. ebola has killed more than 3000 people in that country. sony pictures has a message for news at -- news outlets everywhere, stop exposing confidential information. the famous constitutional lawyer says media companies should destroy the information. they will be held responsible for damages from its publication -- but how could we resist the smack down on angelina jolie. >> you'll be held responsible for practice of the first amendment? sony should've secured the system little better. upthe futures improving -- 16. >> if you are an elf on the shelf family, remove your children from the room because on the set with us is china bell who in 2005 wrote the

. >> let's bring in our justice reporter evan perez and bob baer. first to you, evan, this report could be released as early as tomorrow? >> that's right, wolf. and we're talking about george bush's controversial policies six years into the presidency of barack obama who said he wanted to turn the page on all of these things but this report is going to be really, really bad for the cia. it's going to remind us of the things that went on in this program. it's going to focus on a number of things, including the fact that it was a haphazardly put together program and they say that the cia ended up misleading congress and the white house and nothing of value came of the program. the program simply says that they believe some things of value were gotten there. we know that three detainees that the cia had provided information and they were key that led them to bin laden and killing bin laden. >> evan, i want you to stay by. i want you to bring bob baer into this. mike rogers was very forceful yesterday on "state of the union" right here on cnn saying that

. >>> bob evans ceo is out and called it mutual. would benefit from new leadership. >>> and keurig green mountain announced it will move most of the coffee buying to switzerland. >> and check this out of an implosion for a good cause. watch this. a detroit area college raised a blighted building that needed to be torn down. so the school posted an auction on ebay for the right to push the button. which ignited the implosion. total donations -- look at that. those are always so fun to watch. >> no matter how many times you've seen them. >> $12,000 is how much they raised. >> i don't get it. i understand people like watching it. but it's weird -- >> we think of explosion. but implosion it settles in on themselves. >>> florida governor rick scott is up north today meeting with companies to dwins them to relocate their corporate headquarters to the sunshine state. hertz, a recent example pack up to move to naples just over a year ago. the governor joins us on set. good morning. you were the first one to be re-elected in florida since je

at 5:30, bob cheever leads a discussion. so huntsman and evan us know who is written about china, will offer their views about u.s. engagement with chinese leadership. you can see that live on c-span. that starts a5:30 eastern. vladimir putin tried to portray his antagonist in the west as hypocritical while defending the actions of his government in ukraine. prudence said, to they want our bear to become a stuffed animal? the reality is usually more complex. in the usa,r 9/11 they legalized torture. this is from his comments at a news conference. rover 1000 journalists in attendance. we'll be airing a portion of that -- there were over 1000 journalists in attendance. we'll be airing a portion of that. >> what is your problem is you say, ted kennedy. >> it goes back to the idea for where this book came from. the 2012 dnc convention where they were showing distribute visio -- video to him because he passed away and portraying him as a women's rights champion when he left a young woman to drown in his car. ineyou not gone back for n hours and try t

the nation" bob schieffer's guests will inclooul clud police commission er commissioner and former mayor rudy giuliani. >>> both were hacked this week ruining christmas for users. carter evans joins our los angeles bureau with the latest. >> good morning. a shadowy group had threatened to shut down for playstation and xbox. unfortunately for gamers they suggest seeded. >> when justin tried to log on the video network was still down. >> was frut straighted you wake up the day after christmas and you're going to play your system and this happens. >> it was an unwelcome christmas surprise. sony's playstation and microsoft's xbox had been hacked shutting down gamers from around the world. >> i got 20 text messages from people asking if we were able to get back on. >> reporter: in one of the most common types of computer attacks, hackers flooded with thousands of requestet overwhelming the servers. >> when you hear about clicking on this and they get the virus on the computer they can take control of the computers to send troosk these websites and that's how they get overwhelmed. >>> a hacking group called the lizard squad took credit for the attack. they taunted twitter users s

bob, of course, thanks to you, as well. dow with a loss and kelly has that story and coming up in three second. >>> thank you, scott. welcome to "the closing bell," everybody. i'm kelly evanse of the highest voluntarime days in a year and half. i said this yesterday but a triple digit decline and looks like we're going out with a loss of 106 today. this after we entered the 3:00 hour with the dow in the green so a big reversal there. talk about what's happened. and the nasdaq closing low tore the tune of 1.25% and as these guys will often say you don't like to see the market on the lows like it just did. is it russia, china? let's talk about it right now with today's panel. joining me now is john bussey, carole roth, evan newmark and with us is "fast money" trader tim seymour. john, beginning with you here. you have lived through crises before. is this about russia? is there something snels. >> no. largely about russia. and we'll see how much this reflects back on 1998 when we saw a real crisis. steve liesman was a reporter at the time and won a pulitzer for the coverage of it. this is not as serious as 1998 yet. there's not a threat of default. >> carole? >> not ho-ho-hor