. >>> is groupon ceo andrew mason close to taking a fall for the woes. he'll weigh in on if and when we could see a new groupon ceo right after this. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account.

. >>> groupon ceo andrew mason has been under fire for a slumping stock price. wall street's concern over the company's growth prospects but mason remains confident. today mason said if he ever thought he was the wrong man for the job, he'd fire himself. groupon shares way down since their ipo a little more than a year ago. fire himself. very interesting. now, let's take a broader look at today's stock market. after falling 112 points in a session low, the dow finished up 107 points. nasdaq and s&p both positive on the day. now michael far to make sense it have. you just got to hate this. it's worse than the european union stuff. you just have to hate this and i want to ask you -- >> i hate it but i'm not leddy to fire myself. >> in a serious way briefly, should investors get on the sidelines until this cliff thing is over? >> i wish i knew. i keep thinking back to 2011 when i thought we were getting

this is a big day for andrew mason, who is making comments at a conference in the heart of new york cityat the business insider ignition conference. in response to reports that groupon's board could be looking to oust mr. mason. here's what he said. >> groupon is a special kind of company, and it's -- when you're creating a new category, there's going to be bumps along the road, things that can't be predicted. we're experiencing that volatility now, as we predicted when we did the ipo a year ago. but i -- if i ever thought i wasn't the right guy for the job, i would be the first person to fire myself. >>> perhaps it won't be up to him. many questions remain not only about the business model, but certainly his leadership. the stock is getting a bit of a lift today. what a slide. >>> a big box retailers is making a move today. courtney reagan, what do you see? >> back on the s&p 500 shares of costco up almost 5%. the company announcing a special different like many others, $7 per share. a total of $3 billion. also, by the way, some pretty good same-store sales, better than expectations. sc

melissa: is andrew mason the right person to run it groupon? meeting on the troubled company's future. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-o-of-pocket medical cost. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit andoctor or hospital that accept

that is when we will learn more about andrew mason keeping his job or not.gen: thank you very much, show bonnie. there is house speaker john boehner. >> two weeks ago, we had very productive conversations at the white house. based on where we stand today, i would say two things. first, despite the claims that the president supports a balanced approach, that democrats have yet to get serious about real spending cuts. secondly, no progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. campaign style rallies are not the way to get things done here in washington. majority leader and i just had a meeting with the treasury secretary. it was frank and it was direct. i was hopeful we would see a specific plan for cutting spending. we sought to find out today what the president really is willing to do. listen, i remain hopeful have productive conversations can be had in the days ahead. the white hous

>> this is really less about andrew mason specifically.here is a chief operating officer and other people working at the company. so when you look at daily deals, is it in decline? no. strangely it's not. not in the u.s. it requires a company focused on daily deals to have a huge sales force and then incredibly dense amount of offers within a locale so that the offers you receive in your e-mails don't seem completely irrelevant. that offer density is something that is very hard for a second or third or 50th player in the space to put forth. that's why living social is cutting back trying to focus on things that are profitable. if you're the biggest which groupon is by a long shot still, they can make it work. it's not perhaps being run optimally today and i'm sure they'll try to make that change over the course of the next year, but that offer density they have it and they have the sales force and they're not shrinking in the u.s. outside of the u.s. it doesn't seem to be working. >> i'm trying to count the number of companies you have see

andrew mason will take the stage at the ignition conference in just a few minutes, then this afternoonme now. groupon's stock is moving higher on the reports that the board is discussing bringing in a new more experienced ceo as it tries to expand beyond daily degrees. these reports are no surprise, and it's not the first time that this is a company that has struggled with accounting issues plus the fact that two high-profile board members stepped down in april. mason has had the sbort of -- the three have controlled 55% of voting shares. now, keybell and lecoughs can i wouldn't comment, but if they are frustrated then the two could push mason out, but if they remain as loyal to mason as they have been, then any change in management would only come with mason's seal of approval. so we'll be monitoring to see what he says starting in just a couple minutes. >> there may be no more closely watched succession story than that one. thank you, julia. >>> speaking of succession, marisa meyers is speaking out publicly for the first time since taking charge of that company. jon fortt has more. >

the report says the board is looking to replace the ceo, andrew mason. today, mason spoke out about that report. it was interesting to say the least. julia boorstin has the details. >> that's right. interesting to say the least. ahead of a board meeting tomorrow, groupon ceo andrew mason took the stage at the business insider ignition conference to give a frank assessment of his job performance. here's what he had to say. >> here's a news flash. our stock is down about 80% since we ipoed a year ago. it would be weird if the board wasn't discussing whether i'm the right guy to do the job. we're experiencing that volatility now as we predicted when we did the ipo a year ago. if i ever thought that i wasn't the right guy for the job, i'd be the first person to fire myself. >> and mason would have to fire himself, as long as he maintains the support of follow board members, the three of them together control 55% of groupon's voting shares. his comments did help lift the stock 7.5% today after a start to move higher on the reports that the board is talking ab

two most powerful members, as well as the groupon company itself, are not commenting on reports andrew masondoor. as long as those two board members will back him, mason will stay. >> he said if the board wants him to leave, he will leave. we'll have to wait and see. thank you for the latest on that. >>> jackie deangelis has another "market flash." could it be possibly nor special dividend giver? >> no, not this time. we're watching whiting petroleum. briefly halted a few moments ago due to an individual security volatility trading pause. translation -- that kind of pause is usually triggered when a listing experiences a price change of 10% or more within a rolling five-minute period of time. as you see from the chart, we did see a drastic dip though we don't have any real news on why and the stock opened lower when it resumed trading. right now 41.64%. down 1.5%. >>> still ahead here on our show -- corner office trades. battle over what some ceos are getting away. and it is all perfectly legal. >>> and, the markets. let's take a look at where they are right now. we've seen kind of a wild da

. >>> well, today is a big day for groupon's young ceo andrew mason. scott mcgrew said the man who once turned down $6 billion from google may be out of a job. >> yeah, groupon's board will meet today in chicago. according to several reports, the top of the agenda will be deciding whether to fire the guy who founded the company, andrew mason, seen here in the center there just a year ago at the top of his game as he opened the nasdaq after groupon's ipo. now, at the time last november, this was the largest tech ipo since google. the stock has fallen 80% since. now, mason tells reuters, quote, if i ever thought i wasn't the right guy for the job, i'd be the first person to fire myself. that same shareholder who sued hewlett-packard over its calm kael bad purchase of autonomy is now suing the accounting firms which signed off on the deal. the papers were filed in san jose federal court yesterday. kpmg offered a bewildered response saying it was never involved in the deal. >>> about the only good thing in the fiscal cliff is it keeps greece out of the new

. >>> is groupon ceo andrew mason close to taking a fall for the woes.e'll weigh in on if and when we could see a new groupon ceo right after this. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. >>> pops and drops and movers you might have missed in today's session. 11% the move, scott nations? >> owns nearly 6%, and timken spin off their specialty steel company, and this makes a lot of sense because it's not the core of what they do. >>> gold dropped today 1% decline. >> yeah, down quite a bit more than that. there was a big seller early in the morning, that bounced back. i actually think probably silver's your levered way to play this. it didn't go down as much and rebou

yesterday, groupon founder and ceo andrew mason told the editor of the business insider "if i ever thought wasn't the right guy for the job, i'd be the first person to fire myself." the stock rallied 7% yesterday, but is down 80% since its ipo a year ago. california is no longer just dreaming of a better economic situation. it's slowly becoming a reality. one of the country's hardest-hit states during the recession has made some vast improvements in key areas. the state's unemployment has recently dropped to 10.1% - it was 11.5% just a year ago - while home sales in the southern part of the state jumped 25% in october. foreign car companies are on a fasttrack to the l.a. auto show. fiat, jaguar and hyundai are among the automakers dominating floor space at this year's show in an attempt to entice the all-important u.s. car buyer. meanwhile, in atlanta, porsche just broke ground on a new headquarters that will employ 400 workers. still to come, what could be the year's biggest record- breakers at the box office? that's later. but first, how to make your dollars go further during the holiday

he was speaking at a conference today, a technology conference and andrew mason said i would be the firsterson to fire myself. not to say he is ready to be fired but this is something when you are chief executive officer running a company that everybody has to consider. in knows the board of directors of looking closely into his -- into the company, top to bottom. they went public your ago, there's a great shot giving you an idea how this stock has traded. today is a wonderful day for groupon but what is the next step? the idea that media reports of the tech conference that there may be changes at the top? is this happening to groupon? we are seeing up arrows. >> the dow is up 95 points, green on the screen, we are a session highs. the only names that are now, cisco, boeing, dupont, and what is that? travelers. that is it, up 95 points, less than 40 points away from 30 points away from down 13,000. the l.a. convention center is of motor head's dream today, the first auto show of the new model year and ford, a few new introductions. the incoming chief operating officer. >> as of saturday a

andrew mason will stay with the company even though stock has been a mess.lders do not like the news. >> they do not. the stock is down substantially. this year it is down 80% but and room mason is saying according to the board. liz: ever since the election we have seen coal stocks diving. they had some hope that things were going to turn around if romney was elected because he was speaking i me with them but today they got the boot. >> coal stocks up dramatically today. walter energy refuse to comment on the entrance in them keeping the sector on fire. the et of jumping, names like james river and natural resources all above 3% or 1%. liz: costco hitting an all-time high, this is accompanied always gets props for great management but when you see a stock do that well, certainly the carry on top. >> since yesterday the vice president being there in washington d.c. and talking about how companies manage very well, their workers stay for a peers in anyway and stock heir hitting all-time high of $104.50 today. dave: let's look at the tech stocks, how they are r

first year as a public company, we're now learning that the board will consider whether to replace andrew masonw. the business has struggled of course to generate sources of revenue as demand for daily traditional deals slides. yahoo ceo marisa myer paying a visit to the white house, one of a number of ceos meeting with the president to talk about ways the country can avoid calm coming to a fiscal cliff. this just hours after she spoke at a women's dinner here is what she had to say. >> we need to grow our mobile expertise really quickly. one of the things we concluded is that yes, we need to hire one by one, won't it be great if we got shrugs of people that were a team, already knew how to work together? so we've been looking at aqua hires, we've done our first one. >> in addition, myer says yahoo will possibly look to partnership was other companies. more bad news on the hewlett-packard front. deals with the falout with autonomy write down, moody's cut the ratings today, three level as above junction status. moody's says it's worried about hp ability to compete as well as numerous execution c

it has concluded and we're getting word that andrew mason, the groupon ceo, will remain as head of thatany. liz: stock's been down of course. a lot of concern but he survives! mason survives. >>> the commercial real estate market is building momentum as vacancy rates decline across the country. things are actually looking a little better. what types of commercial real estate could bring the best returns? our next guest is very bullish on some areas of commercial real estate but how bullish she gets on the entire sector depends on job creation in the u.s. coldwell banker commercial trademark properties ceo, billie redmond joins us from raleigh, north carolina? things are looking better, aren't they? >> they are. we're seeing improvement across almost every sector. liz: which sectors are really showing, if you were to pull commercial real estate apart, whether apartment, looking say, for example, industrials, whatever, which subsector of commercial real estate looks healthiest? >> well in the investment real estate market what we're seeing by far is best is multifamily. that is an easy th

andrew mason seen just a year ago at the top of his game at this time last november. this was the biggest tech ipo since google but the stock has fallen 80% since. mason tells reuters, quote, if i ever thought i wasn't the right guy for the job, i would be the first guy to fire myself. this is going to be a broken record probably through the end of the year. wall street thinking about the fiscal cliff. recent moves in washington do feel encouraging, so futures are positive. that can and does reverse itself pretty easily. and jon and laura, just a few minutes ago we got the latest gdp numbers. the u.s. economy grew 2.7% in the july to september quarter. that's better than expected. >> all right, scott, thank you very much. good vibrations there. >>> right now we are watching that weather as we get a little break before a second storm heads right here to the bay area. >> time to check in with meteorologist christina loren. >> a very active forecast continues. good morning to you. the first week of december is going to be kind of rough across the bay area. start with thi

groupon, 18 million shares traded for the day down about 8% plus the board backing andrew mason as ceoingly enough, guys, a couple nuggets for you. ever corps remains underweight but raised their price target from $1 to $3. the 52-week range is 2.60 up to 25.84 not really probably an investment just a trade right? >> what do you make of this one? the only time this stock was up this week was when the report came out, the board may can the guy. >> yeah. when they got the endorsement and got the big investor that came in, judge, that was the most positive thing. that drove the stock from about 2.85 up here over $4. it's easing back 38 cents percentage wise. it seems like a big deal. i don't think they were going to throw mason out yesterday. do i think there were other people that they could have picked to take over? yes. that would have done a better job? yes. but they didn't do that. so you got to trade the market you have not the one you want. i think it probably eases back down below 4. >> pete, so groupon as you see on the bottom of your screen, mason is going to stay as the ceo. yo

andrew mason, ceo of groupon, defended his leadership at business insider ignition conference earlieray on the heels of reports groupon's report is considering ousting him. news sent the company's stock moving higher late yesterday. listen to what he said. >> here's a news flash. our stock is down about 80% since we ipo'd a year ago. it would be weird if the bortd wasn't discussing whether i'm the right guy to do the job. and it's actually their chief responsibility to ask that question, as they have asked that question in the past. the only thing unusual is that it is showing up in the newspaper. >> mason says he has no plans to step down but he would if he didn't think he was the right man for the job. whether mason is pushed out depends entirely on the support of groupon's most powerful shareholders. along with mason, the three of them control 55% of voting shares. mason says he's focused on building on groupon's strengths which include its new goods business and mobile. half of groupon sales over thanksgiving weekend were on mobile devices. while mason points to these strings, he

groupon's board will debate what direction to take the company when it meets today with andrew mason saying with the stock down 80% since the ipo, he'd be surprised if the board is not considering replacing him. he's slur to defend hure to def leadership in the face of the company's accounting issues, european struggles. today groupon announced it is major league baseball's daily deal site as groupon looks to sell more exclusive experiences and rely less on lower margin commodity style deals. groupon and the board's two most powerful members are not commenting on these reports that mason may be heading for the door. as long as they back mason, he's going to stay. >> julia, thank you. >>> those hard times for the daily deal websites, groupon and living social that we just talked about, are you a fan? let us know. go to finance.yahoo.com and vote. results later on "power lunch." >>> also a little later we'll talk about a new player in the retail space. deals and loyalty spaces a well. it is called belly. its founder and ceo joins us along with venture capitalist jeff jordan, still ahea

the fact they are keeping the 32-year-old founder and ceo andrew mason on board.usic major in college. a lot of people say he doesn't have enough business experieece but i guess the board thinks he does. they're hanging on to him for now. if you look at this stock year-to-date, this is unbelievable. groupon is down 80%. definitely one of the biggest losers and losing ground today as well. back to you. melissa: all right. lauren, thanks so much. we're now 76 dies into the national hockey league's lockout. lori: have you noticed? melissa: yeah. lori: this is going to be my question here. americans we love our nfl. we love our baseball but hockey? does the nhl americans, most americans, really? the league itself is losing big. $20 million per day but they aren't the only losers. the massive cost of the standoff between owners and players next. lori: let's talk hockey or what's left of it. probably nothing. what is left of the nhl season may be on thin ice. get this, negotiators $182 million away from a deal. not only the players and owners are losing. small businesse

groupon's board is reportedly expected to meet on thursday and may discuss whether to replace ceo andrew mason. reports say the move comes amid fractures between mason and two other co-founders. the board is reportedly frustrated with groupon's share performance. groupon is down -- get this -- more than 80% the year, in the u.s. yesterday adding 4% on a little bit of a pop there. >>> megaphone has made its stock market debut in london. but shares in russia's second lowest mobile operator are trading below $20 a share, the bottom of the anticipated range. the ipo is still the biggest by a russian company since 2010. so, hope you feel fully caught up on your global news now. >>> still to come, southeast asia's economies are coming up roses in the face of global uncertainties. what's driving them and will the momentum last? we'll find out next. >>> welcome back to the program. the bank of thailand has kept rates as expected. the central bank says the economy is this good shape and strong domestic demand will help counter risks from overseas. in the philippines, the governor of the central bank in

andrew mason could have sold the company to google for 6 billion it is now worth 2 billion.f directors are meeting today and tomorrow and basically will decide his future. i think he has run out of time and i think he is too young to run a multibillion-dollar company. >> you don't like his style >> yet he has bier in the company refrigerator. when you're at home drink as much as you want and when the public is the owner of the company, i don't like it. it is a bad signal. we will drink beer and have fun >> with your money >> right. >> now we have the power ball jackpot at half a billion a year in dollars people are buying tickets by the fiscal trying to make a buck. you don't like that idea. >> now >> there tried to invest in their future >> how high. it would be better if they bought something local made. anytime i see someone at a convenience store buying lottery tickets it makes me unhappy. they are the fool. you have a one and a hundred and 75 million chance of winning the power bod jackpot. the odds of getting struck by lightning is one and 5000. you have a much better

andrews is there tonight. wyatt? >> reporter: scott, this is the george mason university student center in fairfax, virginia. and this one key question tonight in this key state is who wins the youth vote. that is voters under age 35. it was almost five years ago in this very atrium that the students here staged an electrifying rally for the then-unknown senator barack obama. that rally helped energize the students for obama movement nationwide and helped obama win virginia. but now fast forward to just yesterday when mitt romney was the rock star on this very same campus. 5,000 people came to hear him in the basketball arena with several thousand people listening to him from the outside. tonight the obama campaign says it owns the numbers of young voters, the romney campaign says it owns young voters' enthusiasm. and the extent to which young voters will either stay in or quit the obama coalition, scott,

news in the world of social media, whether it's living social and some reported layoffs or what andrew masonaid about his tenure at groupon. >> to fire himself, he's not ready to fire himself. >> that was the first step i thought on the right path. i mean he just needs to go one step further, a la mark zuckerberg and go on a conference call and be humble. >> apple today up 8, i still think david boeing is the most influential tech writer of all time. and the apple miniis going to end up being a huge success. >> i felt -- it's interesting to think about a product that basically a lot of us have thought was stillborn immediately. amazon i'm sure is terrific. don't forget the nook. >> keeping an eye on special dividends and we also have a screen from our own markets desk today david, insider ownership 20% or more. debt to assets less than 25%. oracle, berkshire, es este lauder. >> if you want to get it done you have to announce pretty soon. we have seen if there's large insider ownership. when you have a ceo that does not have a lot of stock, they don't want to do a dividends, they want to do a

the company spokesman says andrew mason will remain ceo.ciding to retain the company co-founder as head of the struggling online marketer of daily deals. the stock had jumped earlier in week when mason said he would fire himself if the board decided on that step. down about 4%. shares of five below popping after the bell yesterday. the discount retailers same-store sales already strengthened. the company raising its full-year guidance. movie theater owner regal entertainment special cash dividend of $1 per share. shares rising on the news. what was the number last night? $20 billion for special dividends? declared through the fourth quarter. compared to trying on get ahead of what they believed to be, hikes and dividends and cap tamm gains. >> okay. more now from our guest host today, larry, former chairman and ceo of honeywell. one thing we haven't talked about is you have a lot of contacts and, you know, ahead of storied business career. what do people -- feeling in terms of right now? did we do 2-7 in the last quarter? did it feel like t

mason. a countdown begins to automatic tax increases and huge budget cuts. wyatt andrews on the fiscal cliff. a nor'easter bears down on shores ravaged by sandy. ben tracy is there. we'll have the forecast. >> i don't know if we can mentally handle another storm. >> pelley: and one secret to the president's success was the changing face of america. anna werner on the new voters who helped push him over the top. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. this is a special one-hour edition. $6 billion was spent on political campaigns and when they were over nothing much changed. republicans will still control the house, democrats the senate, and barack obama will still be president. this was the scene tonight as the president and the first family returned from chicago aboard air force one. they landed at joint base andrews right outside washington, d.c we will have a look at what you can expect from washington many the future, but first the latest returns. we still can't project a winner the presidential contest in

andrew said we have a oregon problem. a team you struggled w how do you solve the oregon problem? >> first and foremost defense, coach mason had a great game plan, played extremely hard, quarterback young and still made some mistakes but played extremely hard. stepfan played hard, zach ertz and our offense making this happen. >> heather: how important is this win to this program? >> it's very important, we want to cy say we can beat anybody we play, no matter what they're ranked, what we're ranked, what everybody else says doesn't matter. when we play our best we can play with anybody in the country and we can get better, we can play better, cut down our turnovers this might not a close game. >> reporter: much different team than last week. how about the quarterback change? >> always confident, about how we play not who we play. we don't get blown up about who we play. we play extremely hard. our quarterback mobility, couple times tonight was huge. got to take care of the football so much better but a lot of confidence to play really well. >> heather: enjoy the win. >> brent: one of the plays of the year. this was tight en

welcome to george mason university here at the school of public policy. my name is andrew paterson. am working on a master's degree here as moderator. dr. jeremy mayor. some of us get experience and i come back and learn the theory under which we have been operating. i thought about wearing a purple suit as a symbol of national reconciliation results of the election but fortunately, it is at the dry cleaners. instead, i will offer a comment -- the public was angry about the status quo and then went out and reelected it. go figure. tonight with this panel we have more ways to get at the layers beneath the election results. that had that about the status quo was by no means a complete story. -- that headline about the status quo was by no means a complete story. another one in the new jersey newspaper, after the election and hurricane sandy, millions still left powerless. our hearts go out to those that are still without electricity up in the five boroughs and new jersey shore. hopefully they are pulling it together now. the other a reverend, i heard was, hey, the chair won. after the