ballmer said he thinks very highly of elop, that obviously he knew him when elop worked for him three years ago, but now has gotten to know him better as a partner. i asked him specifically whether he expects elop to be a candidate for ceo. he was very politic about that question, saying the board will have a private process, but implied, of course, he, among others inside and outside will be considered. guys? >> i got two questions for you this morning. one is, spending $7 billion to buy elop seems look a crazy idea, but if you don't take elop, in a year from now, does elop leave and what does that mean? >> well, you got to think it would be a mess in a way if they don't take elop after this because he knows nokia's business better than anybody, and what microsoft is doing, taking on the 32,000 workers with devices and services is expending their workforce by a third. that's a lot. and it is a geographically distributed third that they're taking on. it is also quite a bit of revenue, very little profit, but besides just nokia's business and stephen elop, microsoft is also getting acc

when this deal closes, nokia's ceo stephen elop will rejoin microsoft as head of the mobile serviceshad been rumored to be a possible replacement for microsoft's retiring ceo steve ballmer. more from jon fortt on that in a moment, including his interview from earlier this morning with ballmer himself. in other deal news, verizon agreed to pay $130 billion to buy vodafone out of its u.s. wireless business. kayla tashe will join us with more. cbs and time warner cable reached a deal to end a month long blackout. the terms of the deal were not disclosed, but the two sides, as you probably know, have been at

steven elop is the departing ceo, after just three years in the corner office, a time in which nokia'sshare price plummeted and the share of phone sales took a nose dive, elop will earn millions when the company folds into microsoft. >>> and investors and regulators outraged on the fuel that fed the fire on the financial meltdown. many believe that sky high pay for investors encouraged the risk-taking of the economy. just like the financial services industry since the crisis, wall street's pay has been down sized and restructured. mary thompson has more. >>> it is lunch time at harry's cafe and steak in new york city's financial district, and business is brisk. >> i think the mood on wall street is good, still not where it was, i don't know if it ever will be. >> a lot on wall street changed since the financial crisis, including the spending habits of the general manager, who says about those that frequent the restaurant. >> they have one of the best wine collections in new york. so we would see bottles of wine at $5,000 or $8,000 for lunch. that was very common at the peak. today, it

stephen elop will receive 25 million dollars in compensation. he joined nokia after leaving microsoft in 20- 10, but is now moving back to microsoft, as the two companies merge. its rumored elop may replace microsoft's ceo steve ballmer when he leaves within a year. holiday helpers are in demand at kohls. though the christmas shopping season hasn't even started, the retailer is already saying it expects to hire 53 thousand workers, or an average of 40 per store. stores are expected to be fully staffed for the season by mid- november. there's plenty more just ahead.... find out if it's better to rent or own as housing prices rise but mortgage rates drop. plus-- how a role playing using state of the art technology is giving doctors a better grip on their skills. and don't miss this...the guys are back for another round of traders unplugged.this week the take up the topic of toilet paper stocks. we'll be right back. hi, i'm ben affleck, and many actors have played the part of u.s. servicemen in the movies, but for veterans like james crosby their s

a lot of people will point to nokia's stock performance under elop. since he took over three years ago, say he missed a number of things, wasn't wise to basically talk down sim beeian while they still had products in the market, that maybe he should have gone with android instead of windows phone. take a look at blackberry. it's down nearly 80% over that same period of time and arguably didn't have the same sense of strategic direction that elop brought even though it was controversial. one might also argue and elop has that if nokia had gone with android, it would be in worse shape. take note, samsung is the only one making any money in android hardware right now. it's wiped out for the time being the likes of htc and even google's motorola. i talked to elop just a couple months ago in july when nokia launched the 1020, here is what he had to say about what that device means for the future of nokia's devices down the line. listen. >> important point is that most advanced technologies that you see today with the lumia 1020, elements of that will find

you should, past last week i pooh-poohed your whole elop idea. go ahead >> you didn't say they were going to do it, you said it was a bad idea. might still be a bad idea, but it looks like they are closing to doing it than they looked a year ago. i think it's not such a bad idea but we'll see where the chips fall. >> all the possible contenders to be the new ceo of microsoft, one of either three things, friend, foe or family and you said elop would actually be both a friend and a family, right? >> yeah. because he's in that friend and microsoft tied up their future together. nokia's got well over 80% of window's phone share. getting ready to come out with a tablet. he ran the business division, a big chunk of revenue and lion's share as far as the profits go. he knows the consumer side and the corporate side and how to work with microsoft and how that can be better. they had a pretty good picture. >> jon, thank you very much for that. joining us now is senior analyst and christina warren. great to have you on the show. dan, you're scratching your

elop knows the business. he's proven he can work with microsoft.s proven that he can work with ballmer. and, you know, although they're have different countries, they speak the same language, which is cellular. >> if people are so clamoring to use another operating system or another device, why is nokia so far back in the race of apple and samsung and all the other players? that's number one to your point. but number two is the stock of microsoft is down 6% today. so investors are voting against it. and if nokia was so dependent on microsoft already, why did microsoft have to spend $7 billion to get the business? >> well, i think those are great questions. and to your first point, look, i don't think microsoft is getting into this business because they want to be a mobile phone manufacturer, right? microsoft wants to own the hardware. they want to control the software. and they want to integrate it into this huge enterprise that they already have. as far as the stock price goes, i think that's really going to be the only effect microsoft is going t

a usa today report names nokia ceo stephen elop is also a possible contender for the top spot at microsoft. the faa gets a look this week at a study on how electronic devices affect flights. last week an faa advisory committee recommended that --on a limited basis-- airline passengers should be allowed to use smartphones, tablets, e-readers and other devices during takeoffs and landings. newer jets are equipped to prevent electronic interference. mounting evidence suggests you should take yelp reviews with a grain of salt. yelp says around 25% of user reviews submitted are considered "suspicious" by yelp's filtering process. the company admits some of the phony reviews may make it onto the site. it's a problem that led new york's attorney general to crackdown on phony business reviews. as a result, 19- companies were fined for generating false reviews. fans are still recovering from last night's series finale of the hit series breaking bad -- we won't spoil it for those of you who haven't caught up yet. millions tuned in for the last episode. advertisers couldn't be happier. the going rate

it also lines up nokia's ceo stephen elop to return to microsoft and succeed steve ballmer who's stepping down. "he has mobile experience, ceo experience and worked at microsoft before and knows what to fix." initial reaction from consumers was favorable. "i think microsoft and nokia are great companies and can leverage their know-how and expertise." analysts say the aquisition reminds them of how apple is constructed. "they see how apple owns everything from soup to nuts. it's os to hardware." it has been a busy time for wireless mergers and aquisitions. take sprint's deal to buy us cellular. and verizon, the largest u-s cellphone service provider with nearly a hundred million subscribers' purchase of british telecom vodafone's wireless business jointly owned by both companies. some consumers are wary of so much consolidation. "i hate to see them joining into one and giving us fewer choices." "with sprint, if you were a penny short, they disconnected your phone but with us cellular, if you were short, they'd give you an opportunity to pay your bill." for now, analysts believe there's eno

that's big on hardware and brings back a microsoft veteran steven elop who is suddenly the front runner to be the ceo. >> we know how to work together through our partnership. we are glad to have steven come to microsoft, back to microsoft. most of the team on devices and services will join us, and that will form the core of a variety of things that we're going to do in devices. >> reporter: he made a controversial call years ago to bet nokia's future on microsoft. >> to combat samsung and apple feels like a good place. if you take a look at the android market right now and the other players in the android market environment, it's a tough slog. >> reporter: it's sure to be a tough slog anyway. apple is out selling nokia 6-1 but if this deal goes through before spring as microsoft hopes, it will at least have more firepower. i'm jon fortt. >>> investors were talking today about that massive verizon acquisition announced over the weekend. it's paying $130 billion to britain vote a phone to buy the 45% of their wireless joint venture that verizon didn't already own. the news didn't go down

are others, which i mention in the story, such as tony bates, an internal candidate, such as stephen elop, who came from the nokia acquisition, and another ex-microsoft guy, paulmo moritz. so they're going to drill down on the key candidates and hopefully not take until before the end of the year, but you never know with microsoft. they could take a very long time. >> jon, you're right there in the heart of silicon valley, you're hearing what everybody is saying. what are you hearing about alan mulally versus these other candidates that kara brought up? >> well, he seems to represent one end of the spectrum as far as what microsoft could choose. one end of the spectrum is your master manager. the other end of the spectrum is your technology visionary. and in a way, steve ballmer was more of the manager type. he was a sales guy, bill gates, the original ceo, more of the visionary type. and he has to have more of a bias towards visionaryists. that's what microsoft needs at this stage. someone who has a vision for where microsoft can go, can cut through a lot of the nonsense and bickering ab

elop on there as well. liz: jardin buying yankee candle.oducts maker coming up later this hour. this seems like a fit for this company. >> they have a slew of popular brands. mr. coffee. rawlings, baseball their whole line. to name a few when they bring on jiang key candle. david: this is happening in light of the 10-year rates spiking. [closing bell ringing] not really affecting housing. people's eyes were focused on a lot of things. the 10-year rate yield going up once again. not a big concern, liz. liz: not a big concern. as we see the bells ring on wall street. you see this a precursor for the month of september. the dow dipped into negative territory top of last hour. we were up 123 points, david. at the high of the session. david: well off of those. it was in the red. looks like it will end in the green. good point to look at your front page headlines. manufacturing activity in the united states picked up last month at the fastest pace in more than two years. the ism manufacturing index rose to 55.7 in august. a reading above 50 indic

they're eloping. ( laughing, talking softly ) i hope you haven't taken the vows yet.lorraine, i know you thought you'd found your happiness with rob, but he's not the one. why not? rob doesn't have much luck with marriage. why don't you go sit with gwen, she'll tell you the details. vera ( snaps fingers ): not you. you stay. what'd you do to my daughter? rush: found her mom's killer, like she asked me to. brainwashed her is more like it. oh, don't know how to control people like that. ( sighs ) what're they talking about? hey. if i were a betting man, i'd say you, rob. you and your rocket bombs. gwen doesn'believe that. gwen told us how you made the untraceable call. ( scoffs ): right. okay, excuse me. i need to go deprogram my daughter! hey, hey, hey. pisses you off, doesn't it? not kn oh, i do know you. i know you had two other wives you pushed around-- pauline, adrian. what about them? they were the lucky ones. they got out in time. they probably didn't talk back like dana did. probably weren't so, uh, headstrong. ( sighs ): you know about that, don't you? i do. i

i am still reluctance with suspect respect to sieve elop, i know steve.s not ceo at the time but he was c.e. unterberg, towbin, before they were acquired by adobe, then at adobe then to juniper then microsoft, a good list of companies but not in any one place you would call an extensive ceo level experience other than nokia. liz: jay-z, and colin thank you -- jay and colin thank you. >> thank you, liz. liz: we're 38 minutes from closing bill, rapper kanye west not okay with late night comic jimmy kimmel spoofing leather jogging pants which kanye said he made up, he is striking back in a twitter war. and bruce ratner, revolutionizing sports and entertainment scene in new york, on his way into studio right now, joining us next in a fox business exclusive. [ male announcer ] imagine this cute blob is metamucil. and this park is the inside of your body. see, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. metamucil. 3 amazing benefits in 1 super fiber. liz: happy birthday, it is a happy birth

obviously stephen elop who was at microsoft before he went to nokia.investors i believe would rather have someone from outside. alan mulally from ford or another ceo that run a company that can bring fresh perspective to microsoft. it's a great story. it need as freshen-up if you will, yes. liz: i get it. as you say a fresh per speck tougher. okay, they would have thought the market would love the perspective the purchasing nokia to say we are definitely doing this. so that we can create a phone that will be the superhot thing as we watch other companies try and do that, google with motorola mobility and moto-x. i wonder if microsoft was fighting last war which was a smartphone? as we came from silicon valley and "3 days in the valley" coverage it is about wearables. is that a concern? >> i think they're playing catch-up in mobile. steve ballmer said there is no plan b. they have gone through mobile plans, they haven't worked. less than 5% of the global units are microsoft devices. from a mobile, washable perspective you're right i think others beat th

. >> mulally is a much more interesting idea than elop. >> i don't understand the elop situation.m everyone i spoke to, he's more of a manager too than a visionary. so it depends what they want and i think we'll talk about the board of microsoft, the true arbiter, one man, bill gates. >> i heard he had something to do with that company. >> a little bit. >> all right. when we return, we'll talk more about apple. it is expected to unveil new iphone models next week. a leak of a possible new feature and a cool one. we'll talk that after this. >>> on squawk sports news, the start to the nfl season last night, peyton manning became the first quarterback in 44 years to throw seven touchdown passes as the denver broncos routed the super bowl champion baltimore ravens, 49-27. that game had a half hour delay because of lightning too. >>> right now, let's check on the weekend forecast with the weather channel's julie martin. >> thanks, becky. very hot temperatures there in denver for that game. they tied a record 97 degrees. in addition to all that, we're seeing a return of summer in the mi

. >> is steven elop worth it? >> i don't know how you put a price on it. person and really what they expect out of a company. they keep talking about devices and it's now you know a gadget company. it's going to parlay monopoly in one area to that. hard to see. >> what does it say we have big companies, apple and microsoft, people are on their -- trying to follow every iteration of every new product but there's a lingering balance sheet discussion in the background. lingering activist discussion in the background, it's dividend, the a buy-back. is what the overriding dynamic for the next three months. >> what's driving all of that stuff is you have massive pools of cash out there and the market itself is not rewarding companies for being very liquid and you know, how many times can you say apple's cheap or microsoft's cheap? >> we can say it quite a bit. >> but numbers don't lie. that has not translated into return. >> mike, stay there for a second. shift to apple. for those who missed it, apple is making headlines and its shares are on the move. tech comp

. >> you really think elop is -- he is worth a couple billion.he company is worth five. >> honestly, optical business, vodaphone gets all this money. the only part of nokia that wasn't working is hand set. there you go, steve, one microsoft. one ford except for ford goes higher. >> we mentioned dell. carl icahn. they weren't going to win. it was over. dell is not closing on the 12th. they are still waiting on chinese antitrust approval. >> they have a court system that really works. if you miss the quarer it, it is capital punishment. cat cater pillar still ticking up on the export number. >> same for yum. mcdonald's, not only do wings go live in the regional markets today but same-store sales for august are out tomorrow. >> mcdonald's has been trouble. buffalo wild wings will probably get hit. i want to buy them on that weakness. new australian regime has come in. enough with that global warning. we have had it with the global thing, the warming thing. >> climate change. >> that's what it is called. i believe you believe it is true. >> it is man