the company will announce the return of the former ceo to replace bob macdonald, effective immediately, sending shares down more than 3% because it comes in the midst of major reconstruction. the company tried to play down the switch, but traders are really very nervous. they fear that a bigger problem might be behind this sudden switch. looking at general markets, which are now in not such a good mood today, the german dax is down almost 1%. the euro stoxx 50 down 0.75%. the dow down as well. only the euro is a little bit on the upside. >> coming up, looking at the situation in syria as the opposition discusses joining peace talks with the opposition government. >> first, explosions and gunfire have rocked downtown kabul, and the taliban have claimed responsibility. at least two blasts sent smoke billowing out of the capital. witnesses reported a gun battle that still ongoing an hour after the blast. it is the second major attack in the city in little over a week. >> the international monetary fund head faces a second day of questioning in paris as investigators try to determine if th

the company will announce the return of the former ceo to replace bob macdonald, effective immediately, sending shares down more than 3% because it comes in the midst of major reconstruction. the company tried to play down the switch, but traders are really very nervous. they fear that a bigger problem might be behind this sudden switch. looking at general markets, which are now in not such a good mood today, the german dax is down almost 1%. the euro stoxx 50 down 0.75%. the dow down as well. only the euro is a little bit on the upside. >> coming up, looking at the situation in syria as the opposition discusses joining peace talks with the opposition government. >> first, explosions and gunfire have rocked downtown kabul, and the taliban have claimed responsibility. at least two blasts sent smoke billowing out of the capital. witnesses reported a gun battle that still ongoing an hour after the blast. it is the second major attack in the city in little over a week. >> the international monetary fund head faces a second day of questioning in paris as investigators try to determine if th

that's why we have bob macdonald and page coming in from maine, and tom corydon coming in from pennsylvania today. three great governors all phasing very different set of challenges. our son, daughter-in-law and two granddaughters live in pennsylvania. you know the biggest challenge in pennsylvania right now is whether the government is keen to be the largest by year of alcohol in the world today. the government of alcohol by is more than any entity because they have a state monopoly of abc stores. they will buy anything in pennsylvania so the republican dominated state legislature expense facing that. it's a no-brainer for most of us that the government has the head to keep pushing on it. in the meantime, it gets you so enthusiastic and excited about the federal system. the legislature in harrisburg have been encouraging fracking. shalem goes from pennsylvania up and they've been encouraging it to happen. if you go into pennsylvania and received -- see the new development coming and think that is where the oil industry in the united states really started and pennsylvanians. they are encour

moving higher and by about three and three-quarters percent after the company is replacing the ceo bob macdonaldecessor but can bringing back that for mercy o fix what ails the company? here's now -- hear now is as mcdonnell. >> the word on the street is he has to work fast and quickly to justify a the stockpot. this is the second time they are bringing it back in the first time was in 2000 when they saw their earnings shortfall and a cratered in a stock by half. it is moving off the session highs but for what he has to do is $10 million of restructuring to cut costs out of the structure of p&g and that means he has done before, job layoffs and acquisitions because here is the bottom line. this is a company that has five times the sales of colgate but the lower profit margin. in and running around 19% vs. colgate 24%. said he is looked on as a hero coming out of retirement to be brought in by the lead director of pnc. but they have to move fast to justify the pop of the price. liz: as dr. lot of the viewers have been to own or have at some point*. let's get to the closing bell 17 minutes away. s

almost 4% today, actually a little above 4% on news it is hiring back its former ceo to replace bob macdonaldfollows the news that myron ullman is back at jcpenney after the disasterous rein of ron johnson. is this a sign of desperation or a trend more companies will be trying out? university of delaware professor and weinberg center for corporate governance dr. charles ellison is here. professor, thanks for coming in. today's stock pick, p&g way up 4% on a day when the market is basically flat. that shows confidence in its decision, doesn't it? >> i think the board did the right thing but i think you have to caution it is very important to realize i don't think this is permanent fix. in other words i don't think bringing someone back after they retired means they will be there for a long time to come. this to me is something, in kind of the interim. he bring somebody in and stablizes things and you get somebody else. david: bill ackman and other activist shareholders were pushing for this change. is this something you're beginning to see by activist shareholders demand to bring back the good

done and to of those individuals that summer happened to be chris christi of new jersey in the bob macdonald of virginia. when you look at where the party is now and where it needs to go, those governors i believe are examples of the future direction in many respects. you have a blue state like new jersey with a governor, republican governor-elect christie who was able to navigate but more importantly on a foreign policy position to take the full use of the party, articulate them and translate them into the policy while is very, very smart and reflective of what the people want. however you have a competing interest that's grown in the two years between -- since 2011 that pushed back against that because it's now become intertwined with a social agenda, and it's kind of lost some of the economic edge with the success of obamacare and other successes the administration had so politically the party finds itself against the proverbial wall and the direction it takes in my estimation will determine when or not it goes the way of the whigs, or it actually becomes a party that competes for a gover

he is now being called back in to replace bob macdonald. fire up the pipeline of products , so to get earnings growth. it criticism against him. this is a company that is 84 billion in sales. oil levelland pampers. the question is, where is he headed? what will he do with procter an gamble? stock prices are moving higher today. up not just around 4 percent of session highs. and so what you can expect with his strategy is what we have seen him do in the past, and that is, he is going to really hammer away at the $10 billion in cost savings at the company has now had in place. he is probably going to move more aggressively and to develo markets which is so we are hearing from austria analysts, and you're going to likely see acquisitions. day in 2005, the sample in setting up to acquire gillette. what you will see is this possibly more layoffs coming from procter and gamble as we move to get rid of a bloated cost structure that has been in place. i'm going to send it back to you . ashley: our next guest is a world-renowned expert on and corpor

done and to of those individuals that summer happened to be chris christi of new jersey in the bob macdonaldof virginia. when you look at where the party is now and where it needs to go, those governors i believe are examples of the future direction in many respects. you have a blue state like new jersey with a governor, republican governor-elect christie who was able to navigate but more importantly on a foreign policy position to take the full use of the party, articulate them and translate them into the policy while is very, very smart and reflective of what the people want. however you have a competing interest that's grown in the two years between -- since 2011 that pushed back against that because it's now become intertwined with a social agenda, and it's kind of lost some of the economic edge with the success of obamacare and other successes the administration had so politically the party finds itself against the proverbial wall and the direction it takes in my estimation will determine when or not it goes the way of the whigs, or it actually becomes a party that competes for a govern

done and to of those individuals that summer happened to be chris christi of new jersey in the bob macdonald of virginia. when you look at where the party is now and where it needs to go, those governors i believe are examples of the future direction in many respects. you have a blue state like new jersey with a governor, republican governor-elect christie who was able to navigate but more importantly on a foreign policy position to take the full use of the party, articulate them and translate them into the policy while is very, very smart and reflective of what the people want. however you have a competing interest that's grown in the two years between -- since 2011 that pushed back against that because it's now become intertwined with a social agenda, and it's kind of lost some of the economic edge with the success of obamacare and other successes the administration had so politically the party finds itself against the proverbial wall and the direction it takes in my estimation will determine when or not it goes the way of the whigs, or it actually becomes a party that competes for a gover

two of the individuals that summer happens to be chris christie in new jersey and bob macdonald and virginia. and when you look at where the party is now and where it needs to go, those two governors to my belief, are clear examples of the future direction in many respects. you have a blue state like new jersey with a governor, republican governor like christie who is able to of navigate politically but more importantly from a policy position to take the values of the party, articulate them and transit center policy is very, very smart and very, very reflective of what the people want. however, you now have this competing interests that has grown in those two years between 2000 -- since 2011 that pushed back against that because it has now become intertwined with a social agenda and it is kind of lost some of the economic edge with the success of obamacare and other successes that the administration has had. politically the party finds itself right now up against the proverbial wall. and the direction it next takes, in my estimation, will determine whether or not it goes the way of the wakes