every time ford has monthly earnings, alan mulally holds an employee town hall meeting in that auditorium. i've been to some of those. the great thing about those meetings, any employee in there can stand up, say hey, you know what, alan, i have a question and he takes all questions after those meetings. he sits and he meets with all the employees who want to come up to the stage and meet with him. this is very important, i think, both for alan mulally as well as for bill ford that they show there is a smooth transition, something that we rarely see in the auto industry from one ceo to the next ceo. so again, they're going to have this press conference really it's an employee town hall meeting for the employees at the headquarters and we're going to be talking with bill ford, first on cnbc, at 11:00 and then we'll be talking with alan mulally first on cnbc at 11:30. back to you. >> thank you so much. you know, phil mentions the need for a smooth transition, guys. there was a period in there when mulally was flirting with microsoft where it wasn't guaranteed this was going to be smooth. >>

the top.ange at ceo alan mulally will retire and be replaced by mark fields. lly and with the chairman go for it. >> sprint still wants t-mobile and now there is talk at&t wants directv. we will see what is behind all of this m&a. >> how to keep pepsi from going flat. exclusive interview with the ceo of the soft drink and snap company, indra nooyi. welcome to "market makers."

alan mulally is stepping down. we'll talk more about him in a minute but what will consumers see going forward? >> i think you will see the same positive one ford plan. you have to remember when the turn around of mazda happened in 2000 when they put mark fields in charge who was only 39 years old. as a ford executive who was able to turn around mazda. he will use a lot of that same talent he learned as well as what he learned from alan mulally to make ford just as talk sesful if not even more. >> mentioned mark fields. he is the new leader in charge from ford. let's hear from him. here is what he had to say about being named company president? >> the first order of business is obviously to have a great transition over the next couple months but then again, continue to say relentlessly focused on implementing our one ford plan. an bringing even more great bringing more great products an innovation with top quality to the marketplace. that is our sole focus. and that, we'll not skip a beat. gerri: the one ford, laur

now, alan mulally is what you call a hot ceo. what does someone like alan mulally do next? couple of our cnbc contributors say mulally has the pick of the litter. almost any corporate job could be his. yale school of management dean, associate dean, jeff sonnenfeld says he's needed at caesars entertainment which is a disaster of debt with no clear salvation. united airlines which he calls the loser of the century, of the industry, after all, mulally was a former ceo of boeing commercial airlines. loser in the industry. united airlines. yum brands, says sonnenfeld, could be a landing spot even though they recently named a new ceo. the company, he says, is in big china trouble. our herb greenberg says it would be genius for him to go to united but that any board would benefit from having him on board, or he could retire and do the jack welsh kind of thing, be a ceo emeritus, or he could run for president. leader of the free world. most powerful man on earth. many have written into cnbc saying as much that herb says that might be beneath mulally, or would it be? anyhow, of tho

alan mulally announces his exit from ford. then, janet yellen says we are not done resolving too big to fail. today bloomberg tv takes you inside pepsico. to our viewers in the united states and those of you joining us from around the world, welcome. full coverage of the stocks and stories making headlines today. eddie lou is at the pepsico innovation center in new york. peter cook in the washington area with the latest on the crisis in ukraine. matt miller has the latest on the c street -- see suite crisis. alan mulally will step down in august, trying to make way for the ceo mark crane to take the reins. >> we looked at executives inside the industry and outside the industry, but alan and i cap coming back to the fact that without mark was the best -- kept coming back to the fact that we thought our quiz the best candidate. we really did the due diligence, but the more we did, the better we felt about mark. >> i am so confident in for going forward. i will be their best cheerleader. i cannot wait to see profitable growth goi

and now outgoing ceo alan mulally.ss the second hour of "market makers." ♪ >> live from bloomberg headquarters in new york, this is "market makers." we will talk to chairman bill ford. , nond the all-time champion uncharted cable operator more than espn. we will hear from the president of the sports television empire, john skipper. >> welcome. i am cristina alesci. >> i am matt miller. eric and stephanie are on assignment today so we are filling in for them which kind we haved out here in some m&a news. ford news. the two of us fit the bill. i will give you the news feed. the top business stories from around the world. as christina said, a changing of the guard, retiring and being placed by mark fields on july 1. ford said mulally recommended speeding up the timetable for the change. >> you have created this floored that we know and love. in ford goingent forward, i will be there best cheerleader and i cannot wait to see profitable growth going forward. know the story. press in a few minutes, we will talk with alan mul

ceo alan mulally handing over the reins to mark fields sooner than expected.what it means for the automaker and investors and kay buyers. we'll be right back. ♪ i'm nathan and i quit smoking with chantix. when my son was born, i remember, you know, picking him up and holding him against me. it wasn't just about me anymore. i had to quit. [ male announcer ] along with support, chantix (varenicline) is proven o help people quit smoking. it reduces the urge to smoke. chantix didn't have nicotine in it, and that was important to me. [ male aouncer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal tughts or action while taking or after stopping chantix. if you notice any of these, stop chantix and call your doctor right away. tell your doctor about any history of mental health problems, which uld get worse while taking chantix. don't take chantix if you've had a seris allergic or skineaction to it. if you develop these, stop antix and see your doctor right away, as some coue life threatening. tell your docto

that is what alan mulally has brought to ford, and mark fields has embraced it. auer, has ford taken its eye off the ball when it comes to non-us sales? >> that is an interesting question. they do have some room to make like china. general motors is more entrenched and selling at a higher volume. but they are focused there. don't forget the history of the asia-pacific auto management mazda and madein it profitable. they are doing a lot of work already and the link plans and getting models up to speed and they are making linked in the re.t powerful brand the they are doing all the right moves. it is just a matter of continuing the plan that is in place. and i think they will do that. >> i want to thank you both. now on to another headline, pfizer said it would be to $106ng its deal billion for astrazeneca. astrazeneca had previously rejected pfizer's offer in january. now it is particularly alluring when it comes to corporate taxes. but is it just about paying the u.s. government? --'s ask gordon kaplan , a partner at bookie far and gallagher -- wilkie farr and ga

chief executive alan mulally, who led the automaker through the financial crisis, will retire on august 1. fields will take over. he will carry on the passion about product. >> i share bill's vision about leading industry through the creative process. >> let's get more insight on ford's future. joining me is karl braur from kelly blue book and jamie butters. what should we expect from fields? >> they lost $30 billion from 2006-08. he took that opportunity, borrowed a much of money, put every asset of the company in hock and got it turned around. they had been training all their assets year after year and they really turned it around. he has cleaned up this company and handed a very healthy company to mark fields. and of course, fields kind of deserves it. he is the one that turned north america into the most profitable in its history. not just the trucks and explorer suvs, but smaller cars, the fuel-efficient cars, the focus, the fiesta, and the fusion is doing very well. it is a very exciting time for ford. >> karl braur, talk about the f1 50 pickup and the all aluminum frame. rex this

the company confirmed thursday ceo alan mulally will retire earlier than expected, on july 1st.the new face of ford will be c-o-o mark fields. "we're just starting to see the benefits...of the power of the one ford plant. and also, our committment is to continue to bring those great products out, with great innovations that will not only help fuel our growth, continue to fuel our growth going forward, but also to help define our company. " outgoing ceo alan mulally is credited with guiding the automaker through the dark days of recession, and returning ford to profitability.however -- yesterday its april sales numbers rolled in with a disappointing 1% sales decline. car sales at other automakers bounced back in april as warmer weather lured drivers out to dealerships. nissan sales jumped 18% from last year, chrysler sales up 14%, and toyota - 13%. gm, under pressure from a massive recall investigation, surprised everyone with a 7% gain. analysts say the numbers are a good sign for gm -- but only in the short term. "that just goes to show that of all these people that had these cars tha

he has matured a lot under alan mulally.unner-up would've been joe henrichs at ford, who is very well thought of, a really smart guy, and he has the engineering chops. he is really a manufacturing guy , and joe is really well thought of. but he is six years younger than mark fields, so presumably he will still get a shot after mark. >> jamie, talk about a turnaround. the consensus forecast for earnings at ford down 18% this year. so he actually has to do something. what is number one on mark fields' to-do list? >> the reason the projections are down is because they are having to spend so much money to bring out new models, which is a new and exciting challenge for a guy like mark fields. they are bringing out 23 new models worldwide, a record 16 for her american of course the with thes the f-150 aluminum body, changing over two plants, a really dramatic manufacturing shift. that is a big job for him and the whole team to work on. >> jamie, i was thunderstruck at the compare and contrast yesterday and the pageantry of bill fo

ford announced today the man who turned the company around, chief executive officer alan mulally willord was the only one of the big three automakers not to take a government bailout. mulally will be succeeded by a ford veteran who turned an important role in turning around that country, chief operating officer, mark fields. cnn spoke with alan mulally about his decision not to take part in the bailout. >> that was one of the most important decisions that we made, but in addition to that, as you well remember and reported, we decided to actually testify on behalf of our competitors that were bankrupt. we did that, which is very strange in itself but we did that because of the importance of the industry to the u.s. economy but also the u.s. economy and the world economy. we knew that if they kbwent int free fall, we could have taken the united states into a depression. >> mulally says he's laser focused on a transition in that country. is he going to go to washington and run for office? we shall see. >>> also, a new shock today for the 239 people aboard malaysia airlines flight 370 for

and as alan mulally leaves ford, is it time for you to leave the stock? john and weiss are getting in gear for a debate rematch. make it happen with fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. have been there for america. fannhelping millions realize their dreams of homeownership. and when fannie mae and freddie mac needed help, america was there for them. today, fannie mae and freddie mac celebrate payment in full to taxpayers. together, we've created one of the greatest comebacks in our nation's history. so, let's preserve and strengthen fannie mae and freddie mac. because without them there really could be no place like home. female announcer: sleep train's interest free for 3 event ends sunday. it's your last chance to get three years interest-free financing on beautyrest black, stearns & foster, serta icomfort; even tempur-pedic. plus, get free delivery, and sleep train's 100-day low price guarantee. but hurry! sleep train's interest free for 3

. >>> ford's ceo alan mulally is leaving early.ill retire july 1st instead of waiting till the end of the year as previously planned. he's credited with saving ford from financial ruin after being hired away from boeing in 2006. mulally will be replaced by ford's chief operating officer mark fields. >>> the new security update for internet explorer. microsoft issued the fix to close a gap that allowed attackers to take complete control of a computer. it's also issuing the update to windows xp users despite dropping support for the older operating system last month. if you have automatic updates enabled, you don't need to take any action. >>> and a groundbreaking spectacular in las vegas. bogging champ floyd mayweather made an entrance on a construction tractor as confetti filled the air. a giant shovel was used to start building a 20,000-seats sport ace rina on the las vegas strip yesterday. it's due for completion in 2016 and city officials hope to attract major sporting events and possibly a pro sports team. wendy? >> i just got

.> i know alan mulally i have encountered him a number of times. i find him to be very mercurial.e's a strategist. he is very driven by execution. he knows how to get a strategy in place, a long-term strategy. he knows how to make the strategy executable. much like steve jobs in this point of view. >> mark fields has the job of tim cook to keep the train on the tracks? >> that is a good analogy. to put the train on the tracks, really know the business, and make sure the numbers come in and the supply chains work. both of these functions are extremely important. , their yum! brands biggest problem is china. how to grab the consumer's trust. what does he need to do? well-versed. i do not know them personally. they are well-versed in addressing the china problems. i think in the markets they are operating in right now, they have shown how to run the business, how to innovate, how to look at consumers, how to come up with new cook -- product concepts. critical, as we heard from the ceo of pepsi earlier. >> why do you think strategy is hidden in plain sight? >> most companies look from

mark fields will be replacing alan mulally at ford.k on the street". coming up at 11:00, we will hear from ford chairman bill ford first on cnbc about this transaction from mulally to fields. again, effective july 1st. >> thank you, phil. at&t approached directv on a possible deal. the price tag they said would be at least $40 billion. directv's current market capitalization is the the second biggest paid tv with 20 million. at&t has the hand-line based tv business. a combination would create a tv giant close to the size of comcast with time warner cable deal in hand. close to 30 million subscribers. they are not comment on the story. i can tell you i have confirmed the story with a number of sources and can give you a little bit of background what's happening here. this is very early days, my sources say, in terms of where this stands. but the calculation is this. given the comcast/time warner cable deal on the table, the view is at&t and directv want to merge and they have been talking about this for a very long time, what you want t

alan mulally is stepping down after leading ford through the recession without needing a bailout. he will be succeeded by mark fields who was brought in by mullally 18 months ago as chief operating officer. fields doesn't plan any major management changes. mullally, leaving with a $300 million compensation package. >>> seattle could eventually have the highest paid minimum wage workers in the country. the mayor is proposing the wage be increased over seven years to $15 an hour. it has the support of both business and labor. washington state has the highest minimum wage at $9.32 an hour. >>> android users may never again forget where they parked their cars. google's new software update includes a new feature called parking location. it saves your latest parking location. but google is quick to point out that your location data is not shared with anyone else. >> that's pretty cool. >> i think so, too. >>> "the amazing spider-man 2" is expected to swing to the top of the box office when it debuts this weekend. the film, from our parent company, disney, could gross $95 million. >> and

this industry has a few people that are such outstanding leaders, alan mulally, elon musk, sergio, theseare just true great entrepreneurial managers. >> my thanks to victor muller, the chief executive of spyker cars. you don't want to ruin your camera? i'm going to speak the chief executive of contour on building a camera that can take a beating. and the president of the growing restaurant chain tilted kilt. we will learn about his success and why it faces some risks. that is next on "taking stock." ♪ >> today the company called oyster announced an expanded partnership with the publisher harpercollins. oyster is adding 10,000 titles bringing the number of e-books to more than half a million titles. joining me now to talk about the expansion is the cofounder eric stromberg. thanks for being here. described for people that are not familiar with oyster what is it exactly? >> oyster offers unlimited books for $10 a month. our members can read from a library of 500,000 titles including award winners and bestsellers anytime and anywhere. you can download the app and see what your friends are r

ford's new engine that is fascinating to three cylinders developed during the alan mulally tenure and produces 92,000 watts per liter of displacement. the power density metric 16 times more powerful than the engine that powered the original model t. and also has the do ego boost engine with the same power density as the engine in the new super car that cost 1.2 million dollars yet ford is selling this new car and hundreds of thousands of these engines in a ford fiesta that cost about $15,000. since 1978 until has been increasing computer power density on top-of-the-line chip since 1978. it has increased the computing power density 78 thousandfold while decreasing the size of the circuits 130 fold. intel now uses nanometer technology, a 22 billionths of a meter. i don't know how many angels can dance on the head of a pin but according to the intel latest processing technology they can put 6 million transistors on the tip of this pin. "smaller faster lighter denser cheaper" with everything. what is the book about? a rebuke to how continuing innovation is improving living standards all o

alan mulally announces his exit from ford.len says we are not done resolving too big to fail. today bloomberg tv takes you inside pepsico. to our viewers in the united states and those of you joining us from around the world, welcome. full coverage of

engine that i think is just fascinating, it's the one-liter ecoboost engine developed during alan mulally's tenure at ford, produces 92,000 watts per liter of displacement. a power density metric, it is 16 times more powerful than the engine that powered the original model t. it also has about the same power density as the seven gin in the new -- engine in the new pew gati -- [inaudible] and yet ford is selling this, and they're selling hundreds of thousands of these engines. you can get it in a ford fiesta that costs about $15,000. since 1978 intel has been increasing the computing power density on its top-of-the-line chips, and, in fact, since 1978 -- the year that i graduated from high school -- intel has increased the power density on its top of the line microprocessors 78,000 fold while decreasing size of its circuits 130 fold. intel uses 2 billionths of a meet -- 22 billionths of a meter. according to intel's new, their latest processing technology, they can fit six million transistors on the tip of this pen. smaller faster lighter denser cheaper in everything. what is the book about?

i salute alan. >> a lot of boards, ford's loss will be the gain for i'm sure blue chip boards, where mulally will end up. >> a lot of people underestimate alan because he's so affable and friendly and always smiling. beyond that, he has a rigor and discipline and he gets to the essentials of an issue very quickly and then he's immutable. hey, this is what we're going to do. here are the reasons why. that's really great leadership. he could be a value to any company in any roll. >> what do you think a statue goes for, if we didn't get -- you couldn't spring for a statue of him if you wanted to? you could, right? >> you have a good point there. i'll take that up. >> all right. thank you, mike jackson and happy friday. look forward to seeing you soon. >> thank you, joe. feel better. >> he could get rodan. >> he could. >> who's the guy that did a big animal? the guy that's unbelievable. there are current sculpture that are big time. >> what are you thinking about? like the poodle? >> one of them just sold -- >> what about the balloon paddle? that guy's alive, isn't he? >> he could do it. >> he p

also forge ceo alan mulally will be retiring on july 1st in time for summer.replacement been longtime executive nc 0 mark field. field says he has no plans to make any executive changes and is firmly in the top job. that is the latest from the fox business network giving you the power to prosper. melissa: russia amanda knox spare change, lots of money being lost as the legendary boxing promoter don king is fleeing the country and his big boxing match gets canceled. sparks are flying. here to discuss this is the man himself, don king. to get this story straight, if you are in line for a boxing match, canceled last night and flee the country. >> god bless our troops and general david petraeus, our great commander. what happened is the promoter is a new promoter but a very nice person whose name is andre ry i ryabinsky and he made decisions based on lies he has been ingested with so therefore he canceled the flight 15 minutes before being picked for the fight. and so i think -- what was -- melissa: did he have to flee the country? >> i fled the country because of

ford said mark fields is our guy when we're ready and when alan mulally's ready to go, and it reallylogically -- >> and there's the blackstone way. steve schwartzman says, oh, tony james is my number two, but there's that other guy, i forget his name, tom hill or something like that. i can't remember his name, who -- i'm blanking on his name -- who is probably the heir apparent, but he keeps tony james. so these things, there's no rule book on this stuff, but i can tell you inside jpmorgan people are leaving because of this. swraimmy's saying i'm not -- jamie's saying i'm not going anytime soon. liz: i'm glad you decided to return to us from vegas. >> i wish i was still there. liz: we were commenting on how glowing you looked. look at the difference here. look how smooth and happy and glowing -- >> that's because i was out of the office. liz: but the yellow shirt is from vegas, and here we are today. >> no, that's because the makeup lady went nuts on me. liz: oh, really? >> and you know me, i never take makeup. she was an older woman, and she got really nasty with me. she made me sit

if you had an alan mulally here instead, wouldn't be the same at all. so i like this going forward.nd think those engineers are key to the future. >> it's a $340 billion market cap. how much bigger should it be? >> tell it us who you think won. tweets. bull or bear. we'll give you the results at the end of the show. and from one tech guyment fiant another, apple, investors will be looking for clues about what eddy cue called the best product pipeline in 25 years. ben lear, great to see you here. >> thanks. >> do you want to comment on what you just heard? you speak across many different layers of technology. do you feel like microsoft is cool again? >> i was more interested in the hair stuff. but i don't actually think that microsoft is particularly cool again. i'm actually surprised to hear that you're so excited about it. >> i wasn't on the cool thing. i was on the new product bubbling up. because of him not putting a lid on it like steve ballmer did. >> for me it isn't a business that i spend a whole lot of time thinking about. >> what do you think is cool in tech? >> i'm much mo

if your putt went in, in alan mulally's putt goes in and mark fields, make sergio will come behind themif not, there is real concern on his part that may not be the way to go. that is a big bet, all aluminum truck. he has no plans to do it right now at fiat chrysler. david: he is dissing a competitor a little bit at same time. gets in two ways. he is a smart cookie. >> exactly. david: jeff, it's a beautiful plant. thanks a lot from reporting there. >> it is. liz: great stuff, exclusively on fox business. >>> can't kick the habit? if nicotine patches and e-cigarettes are not working, a startup with a great idea how to help you quit smoking. david: switch to cigars. no, that is not it. liz: hey. david: there is new robotic arm that could show major league baseball catchers some tricks. get this, it could help clean up space junk. we'll tell you how next. ♪. david: time to go love the desk. want to quit smoking? quit bit offers electronic lighter that monitors your smoking habits and singh them with your smartphone. syncs them. it tracking how much cigarettes you smoke and how much you're

ford motor's ceo alan mulally officially stepping down this summer, much earlier than expected.oing to have more on this in just a moment. stay with us. and perhaps more surprising, yum brands' ceo david novak is going to become executive chairman. that's going to start next year, and ceo greg creed is going to take over the ceo's duties in. let's see these management shake-ups happening, both stocks to the downside. ford down about nearly 1.5%, yum brands trading down 76.24. and we'll see how those stocks move through the last 58 minutes of trading we are looking at right now. well, after a busy four days for investors, the fed meeting, economic reports, the focus is now on tomorrow's big jobs report. so traders are expecting from the data, let's get to our floor show, traders at the new york stock exchange, the cme group and, of course, the nymex. jonathan carpine know at the new york stock exchange. jonathan, initial claims ticked up higher than expected today. the four-week moving average seems to be in line. what are you looking for for tomorrow? >> i think we're going to g

alan mulally, not just served the stockholder well, served the bondholder quite well compared to the indices. there i think in the auto industry is a great allocator of capital, names like honeywell, united parcel, here seating is another auto company, all good stewards of capital and good stocks. >> but david, what about the macro back drop? you've got barclays saying q1 gdp is tracking negative. what does it mean for earnings and for companies like the ones you've been talking about? have we got a contracting economic environment? not everyone agrees with that, but at the very least, a slow growth or potentially contracting economic environment? >> i pay a little attention to gdp and the economy, but i don't think that's the key factor that's going to determine the path of the stock market. it will be what's going on with corporate balance sheets, corporate cash flow, which is growing in the high single-digit range. earnings generally surprising to the high side as well as revenue growth. that's the right type of macro backdrop that i think offers itself to being sos, doesn't give

hadame down to alan mulally been in talks with microsoft and everyone knew it. had been running the company for so long. since november 2012 he has been running the daily meetings in day to day operations. they were grooming him for it. the company was well enough positioned to make the change. the question was whether or not they were really sure it was him? i asked will forte if they thought about hiring anyone else. around the world. we looked at executives inside the industry and outside the industry. we kept coming back to the fact that we thought was the best candidate. that is why i feel really good about the transition. our due -- really did diligence. the more we date, the better we felt about mark. like he makes the point they did look around. his family is the controlling shareholder. he also told me in the first meeting with alan they talked about mark as a potential successor. that was eight years ago. eight years ago at bill's house come overbor alan had to discuss the possibility of working for the ford family and the ford motor company. they appa

alan mulally just took abbasid victory lap at ford motor.f kansas, he personifies the ceo route of technology. he gets the headlines. how do we bring it down to everyone watching and listening this morning? ? supportive thing is to understand if we can build on each other's capabilities a platform, the idea that we have to have one really innovative government on its own is behind us. the key is a more open government allows others to bring that information to light. bloomberg itself is an open government innovator. take the data on the open it.ngs, you make sense of the weather industry is a $5 billion industry built on government data. >> you advise president obama and you have a whole education complex, a bureaucracy that makes the court of queen elizabeth the first look rosÉ at. the idea here of how we bring this down to just do math, how do we just start -- jumpstart cap logical progress in the minds of younger people in america? >> that is a larger conversation that starts with exposure. if you are a science or math teacher and you are

alan mulally, remarkable ceo. what did he do?ngine has named the number one engine two years in a row. it produces high-powered density which is what you want in energy production and consumption. the one-liter engine produces something on the order of 93 million watts per liter. stuart: what was that bit about storing electricity in saltwater? >> well, it's a saltwater electrolyte, so this company, the founder, jay whitaker, came out of carnegie mellon university, and he developed a new battery that's much cheaper than existing batteries. now, it's not going to be used in your cell phone or in your car, very heavy and very large, but for grid-based storage has a lot of opportunity. stuart: see, as i understand it, you can make all the juice you want from wind power, but you can't store it. >> well, and that's the key point. i'm not bullish on wind. i'm bullish on solar. i have solar panels on the roof of my house. the cost due to innovation, it was $20 per watt in the 1980s, now it's less than a dollar a watt. how this innovatio

alan mulally is stepping down. july 1st.rk fields, chief operating officer. fields doesn't expect to make any other changes in ford management. >>> we are getting a first look this morning at amazon's upcoming smartphone and it looks pretty much like every other smartphone. the photos were obtained by boy genius report or bgr and they said the real difference is in the software. the phone will track the movements of your head and will be able to show some 3-d effects. >> track movements of your head? >> that's interesting. >> what does that do for the quality of my phone call? >> i don't know. >> i'm sure there is something cool about it. >> i'm sure. all right. >>> now a look much further in to the future. >> it is what we might be hearing when humans colonize mars. nasa unveiled the winning prototype for mars space suit. check that out. it looks like buzz lightyear. doesn't it? no toy story. >> but not very fashionable. the suit called technology is expected to debut in november and will undergo tests in houston at the joh

want to hang your hat on but the job creation is think is in sync with what we heard jed from alan mulallynd mark fields, that auto industry is hiring. what we've heard from a lot of retailers beginning in april, april is very strong. what we hear from companies in nonresidential construction, which i've always felt is the biggests possible employer and oil and gas. hey, you want a job? move. they'll hire you. they'll put you on an oil platform, david maybe not you -- >> hey, if i had to i could -- >> could you work on an oil platform? >> maybe a couple hours. >> halliburton is trying to hire a couple thousand people down there. $85,000 you start. >> wow. >> construction added 32,000. >> big. >> professional services added 75,000. temp jobs only 10% of the jobs. >> i was surprised. the construction, look, when you listen to 3m, what 3m said the country did stop. 3m is a great american country. the country stopped, road building stopped, any sort of like cement could not be poured. these jobs are coming back. so you're seeing that. but you're also -- going on these retail conference calls a

alan would eventually step down. he led ford through a tumultuous period. when he came in 2006, ford was a money-losing company and then it lost another $34 million. mulally eventually returned ford profitability over the past five years. >> mark and this team have created this ford that we know and love. i am so confident in ford going forward, i will be their best cheerleader and i cannot wait to see profitable growth going forward. the best cars and trucks in the world. i think you know the story. >> the ford chairman says there were always other people in the running. he spoke to us about the changes. >> one of the things we have to do as a company is to always look not just within ford but also around the globe and say where is the best talent. so we looked around the world and looked at executives inside and outside the industry but we came back to the fact we thought mark was the best candidate. that is why i feel so good about this transition. we did our due diligence. the more we did, the better we felt about mark. >> was there a defining moment, was there a time we knew this is our guy? there were so many stories about how well he did at mazda.