howard shultz announcing his plans to step down as ceo. that happens april 3rd. ward why kevin. >> i think kevin's skill base and his experience, he is much better prepared than i am while i can take advantage of what i think is an enormous growth opportunity for the company in leveraging the equity of the new brand, the roastery, the new reserve stores on a global scale. >> and howard shultz of course has tried to step back before. he did so once before coming back to the company in 2008 as the coo. we asked why this time was different. >> on a macro level, i left right at the beginning of the cataclysmic financial crisis. starbucks had a difficult time navigating through that. we did not have the quality of a team, the resources and capabilities that we have now. we didn't have the leader. and i think on a personal level, i don't think i was as emotionally prepared to leave the company and not meddle at that time in my life. >> now to help us break down this news and make some sense of it, r.j. help us through this. what did you think of the announcement yesterd

>> jill, starbucks shares are falling on word howard shultz is stepping down as ceo.o who exactly taking over at the coffee chain? >> okay, well, shultz joined starbucks more than 30 years ago, and transformed the coffee chain into global brand. he'll become executive chairman in april. and focus on social activities, starbucks coo, kevin johnson, will take over as chief executive. he is spent more than decade working in the tech world, and we'll see how investors react today. but, shultz says that johnson is more than qualified to take over. greg, jan? >> just as long as i still have my grand carmel mack at owe. >> thank you, jill. >> you know what, two price hikes this year so far. so i think other custom letters agree with you. >> thanks, jill. >> well, an eager beaver, i guess, is busy getting into the holiday spirit already. >> check out this beaver that went shopping at a dollar store in maryland. he isn't waiting until the last minute to finish his shopping. the animal was caught going through rolls of gift wrap, tree light, before someone called police. animal

. >> starbucks, the shares are falling, on word that howard shultz's stepping down as ceo. he joins starbucks more than 30 years ago, and really transformed the coffee chain into a global brand. coo kevin johnson will take over as chief executive. shultz is staying on, he'll focus on innovation and social impact activities in the company. one stop shop for coffee and pastry. pop tarts rolling out two new flavors inspired by dunkin' donuts coffeement chocolate mocha topped with whip cream and frosting, van all latte, available for limited time. and i'll happily try one, jan, greg? >> i like the strawberry, i'm original girl. >> i have to admit, pop tarts, dunkin donut two, of my favorite things. tops in my books. >> this is for you then. >> thanks so much. >>> facebook has been approved to build their own apartment in california's manilow park. the apartments will employ facebook employees who live nearby, local residents can rent also. say the company's expansion may push people out of housing it costs start to rise. facebook plans to build two more large office buildings,

howard shultz's departure is aimed at refreshing the starbuck's brand. current coo and president kevin johnson will now become the new ceo. starbucks has been facing increasing competition from specialty roasters and other coffee spots like dunkin' donuts which has been introducing more high end drinks. when shultz first took over starbucks only had four stores. it now has more than 25 thousand. now to some holiday inflation that you want to hear about today. the iconic christmas song the twelve days of christmas now costs more than 34 thousand in case you want to know. that's of course if you were to pay all the participants and buy all the items described in the song. according to pnc bank the sum is $233 more than last year. why? rising wages mean the drummers drumming and the pipers piping get bigger salaries. the biggest increase however was for the turtle doves their price increased more than 11 percent from last year. everything else cost less or about the same. we could find a drummer right here in our studio probably for a little less. all right

howard shultz is stepping down from starbucks he will stay with the company focusing on a chain of high end stores. kevin johnson will take over as ceo. shares of the coffee chain tumbled in after hours in trade. >> maribel, thanks so much. she sent us gifts they just arrived today, very, very generous and great to see you everyday here. >> reporter: we have to do something back. >> we should get our act together? >> reporter: does anybody know how to bake? >> i know somebody. >> reporter: let's get rocco to do it. i bake a little, just not great. we're looking okay, let's go outside and show you what it looks like we've got a beautiful start to the day. sky6 live hd the skies peeking at the beginning of a sunrise here. it's a pretty start to the day with little cloud cover at the moment, at least. 40 degrees in philadelphia. the dewpoint way down there, not a lot of moisture in the atmosphere, kind of a dry air mass. the pressure rising. the winds west/southwesterly only 9 miles per hour. the wind will gust up at times. the oaks temperature, 50 degrees -- ocean temperature, 50 degrees.

. >>> starbucks howard shultz is stepping down. he is staying on as chairman and leading an effort to build high-end coffee shops charging as much as $12 for a cup. i thought starbucks already cost that much. go to cnnnewday.com for the very latest. >>> coming up for us, hear more from our panel of trump supporters. they're talking deals, what they have to say about his agreement with carrier and also the future. that's next. >>> during the course of the presidential campaign, we spoke with lots of donald trump supporters because we wanted to learn more about why they felt so passionately about him. so, this week we circled back with a group of them and many of you have expressed interest in learning more about these supporters backgrounds. so three of them, three of these politics have been around new hampshire for years. john hikel and paula johnson and susan delemuis on the right is one of the 400 members and her term ends tuesday. delemus was an alternate. i had a chance to speak with them and we start would the carrier deal. >

howard shultz will be stepping down as ceo in april to focus on that effort.talked about it last week with shultz. >>> pfizer has been hit with a $107 million fine in the wake of the epilepsy drug as much as 2600%. it's going to be appealing and points out its price was 25% to 45% less than a drug from another supplier. >>> and mastercard dividend hike increased. the company also announcing a stock repurchase program of up to $4 billion. >> not much of a yielder, it doesn't look like. >>> shares of sovt bank surging after hours. following president-elect trump's announcement that the japanese telecom giant would invest $50 billion in business and job creation in this country in the united states. trump making the announcement alongside softbank ceo in new york yesterday. >> ladies and gentlemen, this is masa of softbank from japan and he's just agreed to invest $50 billion in the united states and 50,000 jobs. and he's one of the great men of industry, so i just want to thank you very much. >> thank you. >> i mean, andrew, i know the traffic's bad, but isn't i