it will be led by the former sears head, arthur martinez, now executive chairman there. the move comes as the company has been struggling with sluggish sales and stock up 8% today to $28.46. >>> auto zone with better than reported results. lower gas prices and colder weather encouraged customers to get their cars ready for a harsh winter. shares rose 4% to $605.81. >>> spirit airlines disappointed investo investors. raymond james removed the 85% target. shares fell 12% to $72.77. >>> valium said it's abandoning its acquisition to reduce debt and the stock price. the canadian drug maker spent 20 bblds on acquisition since 2008 and regrouping after failing to acquire aligan. fell to 141 even. >>> a new audit by the general for tax administration shows the irs paid at least $6 billion in improper tax breaks. payments were refunds to family that incorrectly claimed child tax credits or claimed the wrong amount. they went to fraudsters. millions of low income families qualified for the child credit even though they don't make enough money to pay federal income tax. >>> no cre

arthur martinez will be in charge of day-to-day operations.h q-2 results as expenses rose. wholesale inventories up a better than expected 0.4 in october. >>> results are in for the exclusive cnbc all-america economic survey. >>> it's extraordinary results. 806 americans polled throughout the nation of all types, all reasons, all income groups. what we see is a market increase and interest in the stock market. is this a good time for bad time to invest? they've been relatively positive throughout the bull run and ticked up in this quarter, the december quarter. finally here are all adults average americans finally ticking up. their net optimism is plus 11. you can see it's the biggest we had over the course of this survey. you have to go back to 2007 before the financial crisis to find an optimism number like this. the dow, you can see a couple of things. first thing is that the financial elite and their sense of whether or not it's a good time in the u.s. is tied to the year over year change that month when we asked the survey. other thing yo

arthur martinez will be the interim ceo as the company looks for a new replacement for michael jeffries-- in the early part he did well with the company. as time on he also recorded a lot of controversy. three separate class-action discrimination lawsuits that were settled on concerns that the company fit a certain image that excluded anyone who wasn't white. you had other issues regarding the fact that he had not responded well to the advent of fast fashion -- forever 21, h&m. the company is struggling a little bit to find its target audience as teenagers have ditched abercrombie & fitch and american eagle and sales dropped off as a result. the share prices up by 8.2% in the premarket. >> much more ahead. hackers disrupting the advertising world. why companies feel like they are being robbed. ♪ >> $6.3 billion is how much computer hacking costs advertisers a year. computers are being operated remotely by hackers, coming from ws of digital vie video ads. retailers and copies are paying for ads that are never seen by anybody, or they are seen by fewer people than the advertisers are payi

gaining ground on the new ceo would retire effective immediately and then replaced by team led by arthur martinez, executive chairman. the shares as you can see up by 8% on the day overall. michelle, scott, interesting moves on a day when the dow bounced back off we'll say really 150 points off the lows. back over to you. >> certainly. thank you. >>> interesting moves coming to telecom. invest to recalls hanging up on verizon, at&t and sprint as the wireless price wars heat up. morgan brennan, big volatility today for the stocks. what is going on? >> this holiday season is a free for all for wireless carriers and pushing telecom stocks down almost 4%, the worst performing sector in the s&p now negative for the year. verizon falling about 4.5% after cautioning that holiday promotions and more subscribers will quote put short-term pressure on q4 margins. downgrading the stock to neutral and analyst william powers saying if verizon considered the best position is warning signals how competitive the wireless space has become. at&t also down about 3%, 3.5% after cfo stooefbs warned this morning that s

arthur martinez the chairman will be running things day to day.> he was the savior. >> this will be an interesting stock. that stock is up $2 on the news he is stepping down. >> who took the logo off? >> that's the folks. >> this is the guy the article was written. >> talking about the white gloves and airplane and all this. >> the aftershave you had to wear. and some lame song they always had to play. all the flight attendants had to wear the same uniform. >> was this guy on? he said maybe plump kids like me and you were uncool. >> he had to the quest to be a cool kid himself. he was on our wall of shame on "mad money." >> i wondered if you put him on the wall of shame. >> i said if he left the company, it would have an immediate increase. he was a great destroyer of value. i think even a headless horseman will do better than that guy. >> we can buy something now and not feel bad about not being cool kids? >> i think he eliminated about 95% of the population. you had to be bradley cooper when he was 18, 20, maybe, maybe not. >> bad day today. >>