>> reporter: in less than three years on the job the troubles mounted quickly for mcdonald's c.e.o. don thompson. snday morning" visited him at corporate headquartered oak brook, illinois, just last year. >> we have 35,000 restaurants. we're a big target. if you attack mcdonald's, you'll get press. >> reporter: but it's the bottom line at the world's biggest restaurant chain that's been under heaviest attack. after 14 straight months of flat or declining sales in the u.s. and five straight quarters of negative growth, the board abruptly announced last night that its 51-year-old c.e.o. will retire. sara senatore is an analyst with bernstein. >> mcdonald's, i think was trying to be all things to all people and it started to become kind of nothing to anybody. >> reporter: as mcdonald's has faced mounting health concerns about its menu, so-called fast casual chains like chipotle, five guys and paneara, have been gaining ground. when "consumer reports" ranked fast food hamburgers last summer mcdonald's came in dead last. mcdonald's has countered, producing videos called, "our food, your questions." >> i

s new secretary, robert mcdonald was out counting. >> do you happen to be a veteran? >> yes. >> really? >> yes. >> army navy, air force? >> army. >> what unit? >> special forces. >> special forces. what years. i was in special forces. >> reporter: now it's mcdonald's job to meet the goal set by president obama to end veteran homelessness by the end of this year. it's heartbreaking to hear those stories about people who served and are living on the sidewalk. >> well, you know, what my worst nightmare is-- i open up one of those tents and i find somebody that i served with. that would break my heart because those guys looked out for me and i need to look out for them and that's why i'm here. >> reporter: veterans who are among those living here on l.a.'s skid row could be moving to a more stylish part of the city. the veterans administration has announced a plan, scott to move veterans into housing it owns in a fashionable neighborhood just west of beverly hills. >> pelley: john blackstone reporting for us tonight. john, thank you. the nfl commissioner reflects on his m

mcdonald's and boeing. all ten s&p sectors ending in the green.mericans filing for unemployment benefits. that number tumbling to its lowest level in 15 years. claims on dropped 40,000 to 200,000. pending home sales, it wasn't a good number. second biggest month over month drop in five years. signed contracts to buy homes sliding 3.7% in december. david. david: as we mentioned huge down day for alibaba, the stock sinking more than 8% as revenue growth disappointed. liz: there were other stories that simmered up here. no one knows alibaba more than jolene kent. she's with us now. >> there was so much to digest in this report. it was mobile monetization. they have not been able to monetize mobile as with desktop. huge migration for mobile users. great news for investors. monetization a problem. the chinese economic slow down. i asked joe sigh exactly what he is expecting for the year to come. >> we'll definitely see growth on a year and year basis. (?) i think the growth will be driven by more users coming on to the mobile platform and also our exte

a list that includes ibm, boss ginni rometty, mcdonald's ceo don thompson, yahoo!'sissa mayer who who we were talking about, maybe getting off the hot seat, and twitter's dick costolo. the new ceo microsoft's satya nadella, caterpillar's doug glass owe ber hellmann. >> fair or not? >> i don't think microsoft is fairp one quarter. just come in. a huge ship to turn. he said the right things with the exception of women in the work place he's been good. on cat that would have been my first entry into the ceo wall of shame. >> [ inaudible ] for a long time. >> would you take a look at how many quarters cat has missed going back three years. not just going back this past quarter. i thinks his time is up and should move on and great stock for an activist because there are so many parts there. >> i agree with steve. how many times have we heard they just don't seem to have that vision. every quarter seems to be a surprise when they miss and very little, any kind of -- >> seem so out of it touch. >> completely out of touch. suddenly energy, mining, whatever. there always seem

mcdonald's. don thompson has been in charge for three years. he 's leaving the company. he basically failed to turn it around delaware spite mass sanl sieve channels. the net income down 15%. stock has been flat since he took over when the stock market broadly is up 36%. a lot of challenges. we talked about the menus, employee issues and their roll-out of the brand across the globe as well. don thompson setting down. steve easterbrook has been with the company since 1993 and takes over as the uh new ceo of mcdonald's. >>> marissa mire has been in charge of yahoo!er for about the same amount of time as thompson. they are now spinning off their $39 billion stake in ali baba is oh the focus is on the core business and what she's doing to turn it around. yahoo! came a long way under her. earning still down. revenues dipped 1%. the transition from desk top to mobile a challenge for yahoo! >> much appreciated. we'll talk later as we watch the markets. they are down over 200 points. still ahead, she's here. the newly crowned miss universe paulina vega will join us on set. we ha

kpix 5's betty yu reports, it's where former 49ers ray mcdonald has lived for the past 2.5 years. >>> reporter: hey, ray. how are you doing? >> good. >> reporter: how do you feel about leaving the neighborhood? >> oh, i feel great. >> reporter: you feel great? ray mcdonald won't be calling his bently ridge drive house home for much longer. ♪[ music ]♪ >> it's now priced at under $3 million. >> reporter: if you have ever wondered how the former 49er lives, here's a peek inside. the listing for the 4800- square-foot house says it features an incredible upgraded pool, a swimup bar, a home theater and custom finishes. they say it's perfect for executive entertaining, which the 30-year-old seemed to enjoy. in august, he celebrated his birthday in his renovated backyard with teammates. that night, he was arrested for beating his pregnant fiancee, but charges were never filed. most recently, cops came out to investigate mcdonald for an alleged sex assault. the woman says she fell by the pool, hit her head and doesn't remember what happened next. his direct neighbors didn't want to go on came

the dow is up 33% and s&p 47%. mcdonald's rose 3% in after hours and today in europe shares are up nearly up 2%. back to you. >> thank you for that. before we go to break let's remind you of your headlines. u.s. futures point to a mixed open. positive open after a two day slump as the fed stays on course to hike rates this year. shell slashes spending and earnings missed forecasts and facebook has better than expected earnings. we'll be back in a couple of minutes. stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office aga

s the only thing the public could do was to recycle. i think the big brand name companies, coca-cola and mcdonald's -- they do it because of their brand and because of their employees that are demanding. >> we have lots of employees in the energy industry and with that we are out of time and i would like to thank everybody for joining us. [applause] >> more now from the washington ideas

s the only thing the public could do was to recycle. i think the big brand name companies, coca-cola and mcdonald's -- they do it because of their brand and because of their employees that are demanding. >> we have lots of employees in the energy industry and with that we are out of time and i would like to thank everybody for joining us. [applause] >> more now from the washington ideas forum with t. boone pickens. [applause] >> thank you margaret and thanks to boone pickens to be here, this has been a big day for me i got to interview dickerson and the secretary of defense and now t boone pickens who i have known under that known the others. >> do you know why you known me longer than them? >> why? >> i am 86 years old. >> already the interview is getting out of control because i was going to set this up as i've seen him over the years he tries to get people guess how old he is in a always guest way lower and had collected yet from dean kamen? >> there was not a bet but i said it you guess my agent will give you $100 and he said 96. >> first he said your early 70's. there are lots of things i want to talk to you about on energy and corpo

wall street the dow is spiking 223 points today and the nasdaq up 45.5 and the s&p gaining an even 20 on the day and mcdonald's and boeing leading that late day rally. >>> meanwhile alibaba reported earnings that beat the forecast but wall street is still not pleased. the e commerce giant says the sales jumped to $24 billion and that beat what analysts were hoping for the stock was hurt after they said that alibaba is lax for policing their sites for pirated or counterfeit goods. >>> lets get to matt pellman live now in the traffic center. >> also, the presidential visit tonight we expect the president to land at philadelphia international airport right around 6:00 this evening and then we expect he will make his way north his motorcade will on 95, that means you won't be able to make your way north from the airport to center city from 6:00 to 6:15 this evening, get out now we have a broken down vehicle by the walt whitman bridge that cleared and it's a nice clear shot, but that will not be the case in a couple of hours we don't know yet if they will have to close the vine street expressway it depends on which

s&p 500 down a little over .3%. nasdaq trading up. donald's reporting a decline in quarterly sales -- mcdonald's reporting a decline in quarterly sales. meanwhile, the euro continued its fall against the greenback today, sliding to an 11-year low. it's now trading at $1.12, down about 1%. this is after the ecb announcement of more than one trillion euro stimulus plan to be launched beginning in march. earlier, the u.s. treasury secretary on friday had said that a stronger u.s. dollar is not only good for americans but with the rest of the world. it's an interesting strategy because as we move forward, we are seeing some of these central banks invest in a lower currency. >> thank you very much indeed for that. time for us to turn our eye to what is happening online. web news is up next on "france 24." >> hello there, and welcome to the web news. coming up on today show, facebook is cracking down on viral hoaxes. the movie "american sniper" sparks controversy. in a statement posted to its official blog on tuesday, they's book announced plans to crack down on false or misleading stories. the decision comes after a growing number of reque

nasdaq composite down 12 and s&p 500 is fractionally lower less than a tenth percent. mcdonalds is higher after replacing its ceo, and boeing continues higher after the strong earnings. in the commodities sector, oil is the big story this hour. crude hitting a six year low, dipping below the $44 per barrel mark, and brent held up better than west texas intermediate's high. that's what they watch this hour. >> thank you, sue. crude in the $40 a barrel and now they are feeling the pinch and pain and smart money smells of major investing opportunity. kate kelly's looking at how and where hedge funds dive into the beaten down sector. kate? >> thank you so much tyler. oil hit the skids, dozens of hedge fends and privet equity firms jumped in to pick tarnished gems that bounce back when oil prices recover or picking up the bonds issued by companies with goose assets that pay out in full eventually or perhaps provide a chance to own equity at bargain prices through a bankruptcy process. take a look at players involved. avenue new capital, the distressed investing specialist began risin

s&p reporting on that day. friday general electric, mcdonald's and kimberly clark.'s focus on today's after the bell reports. like i said, ibm and netflix both big reports out. ibm a huge focus on what's going to happen with the cloud business, their services business. also netflix, because of the subscribers, right. and just right now, at least at current check, td ameritrade's price or systems are showing that options traders are pricing in about a near 4% swing up or down for ibm shares on the heels of earnings. netflix is even greater. we're talking ability a 10 to 11% move up or down in terms of swing for netflix shares op the heels of the earnings report. back to you. >> thanks. >>> let's talk about the netflix deal. we had an analyst, well respected guy, on last week, who suggested, scott devist, who suggested while he's still bullish on the stock, buy rating on it f they miss their subs again you could have a 10 to 15% move coun in the stock price. is that stock a buy today? or is it a wait? a wait and see? >> if you've got guts it's a buy today. if -- becau

s&p up 15. >> mcdonald's taking its ceo off the menu.o own the stock tell us what they think the new ceo needs to do to make the golden arches golden again. >>> meanwhile, alibaba stock is taking today on disappointing revenues. i've been called a control freak... i like to think of myself as more of a control... enthusiast. mmm, a perfect 177-degrees. and that's why this road warrior rents from national. i can bypass the counter and go straight to my car. and i don't have to talk to any humans, unless i want to. and i don't. and national lets me choose any car in the aisle. control. it's so, what's the word?... sexy. go national. go like a pro. >>> tell you what. we're at the highs of the day right now. the dow jones industrial average is up better than 200 points getting all of yesterday's losses back, but it has been a rough week. remember, we were down almost 500 points on the dow coming into today, and there you go with some reversal. there's ramp-up starting before this program came on the air, and really seems to be picking up som

million, mcdonald's was not able to sell 10 million pounds of chicken wings it bought for its promotion. they were forced to sell them at a 3% discount until supply where and out -- ran out. 15%'s15 the price for a nugget during the burger king promotion. they have been aggressively challenging mcdonald's. .3%. the total amount mcdonald's stock has gained during thompson's tenure. compare that to shares of chipotle, which has gained 90%. >> he was in charge for three months -- three years, not months. . >> let's stick with the subject of mcdonald's. let's have a look at the digital output. we have a great story about mcdonald's on the website and why it takes so long to change things. basically talking about mcdonald's as an industrial wonder. the biggest restaurant chain in the world, 14,000 in the u.s.. 36,000 globally. more international than the u.s. executive talk about the system. guaranteeing what you are going to get. when they are conflicts, the system wins. thompson is leaving. he is a product of the system because he had been therefore 25 years. the new ceo, he did step away. maybe that gives him a little bit of a different perspective. >> all the burgers are the sam

mcdonald's. which is a better buy fresh off their earnings reports? and ups, is at the bottom of the s&p today. and it also happens to be in one of our trader's a halftime portfolios. oops. what does he do now? we'll find out coming up. gopro on the move. we're going to get the trade plus box making its debut today as a public company. one trader says it stinks. really? it stinks? but a vc investor has high hopes. they will duke it out coming up. take a closer look at your fidelity green line and you'll see just how much it has to offer, especially if you're thinking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals -- and what you're really investing for. tap into the full power of your fidelity green line. call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira. >>> welcome back. we have a double dose of debates. first up a food fight at the lunch hour no less. starbucks and mcdonald's both on the rise after reporting earnings but which company is ac

petallides with your fox business brief, dow industrials 20,786, the s&p 500 slightly lower, nasdaq composite up 1/4%. johnson and johnson, mcdonald'snet software and services, take a look at these names including google which is up 1-1/4%. yahoo! facebook among the other winners in the ip sector. earnings movers, let's take a look at mcdonald's, worse than expected drop in earnings. the dow component is lower by 1-1/4%. it is ok for federal regulators, it is up 9% and starbucks doing well with air-traffic and stores. that is up 6.6%. lulu lemon as jpmorgan races their target by 50%. they met with management, stabilization of 4%. already 55 companies are investing over $98 million dollars and creating over 2100 jobs. from long island to all across upstate new york, more businesses are coming to new york. they are paying no property taxes no corporate taxes no sales taxes. and with over 300 locations, and 3.7 million square feet available, there's a place that's right for your business. see if startup-ny can work for you. go to startup.ny.gov. >> topic of discussion this year is that is important 1 can't wait for, climate changes the

mcdonald's. ceo don thompson is out being replaced by steve easterbrook. it is popping. after don thompson's tenure the stock was essentially flat while the s&p enjoyed a 47% gain. so this is a ceo investors have stuck with and not seen any sort of return. >> he took over from a fantastic ceo, mr. skinner. and a company that needs direction. 3.8% dividend yield. i think it will hit them hard. russia hit them hard. there are things in the price that give you reason to be confident. >> we need to hear what steve wants to do, right? >> what is the new direction? what will be the shake up to get this company to start getting attracting the companies. >> you stick with a name like dpz, a much higher multiple. here is a catalyst on a silver platter. >> seems like the stock price is the leading indicator. we saw that. when it was good to be domestic, they were domestic. now they are just crushing it on mobile right now. >> thanks for watching. see you back here for "fast money." >>> the tech leader crushed the quarter but did it raise the bar too high? and i am tearing open an iphone 6 to show you how you can invest on what is inside. "mad money"

the experience means, you walk into a mcdonald's and it is not a great food experience it looks at a time warp to the 1970's, it takes forever for people to get through the queue. we're seeing that not only shake shack, but five guys, several other companies are going into the high-end experience burger market. people like chipotle are going to the healthy casual market. >> it is a harder -- quickly, what does easterbrook need to do? >> first of all, he looks like a confident executive. he is respected i the company. he has operating experience out of the u.k.. this is much bigger than brand positioning. have to change the menu, change what stores are like in the in-store experience. this is a heavy lifting job. a new ceo has more latitude to make restructuring changes than a ceo who is been there for several years. >> thanksgiving so much. john sculley, former apple ceo. that does it for today on "in the loop." as the fed remains patient, we will get inside the central bank's latest assessment. president jim bollard, tomorrow and not :00 a.m. -- at 9:00 a.m. ♪ >> live from bloomberg headquarters in new yor

s&p 500 in the red. the dow's positive thanks to mcdonald's shares on the rise this morning after the company announced thatis shaking things up. new ceo don thompson is out, steve easterbrook is in. he'll succeed him march 1st. mcdonald's facing a broad set of challenges but none bigger than a steadily declining same-store sales picture. joining us william george professor of management at harvard, currently on the boards of goldman and exxon mobil. we want to hear from you. what do you think about the this, the fact that mcdonald's is going inside a 20-year veteran of the company to completely shake things up? was that the right move? >> i think it was the right move. i don't know steve but i think this board, he's to be credited with moving quickly. they did it before when charlie bell died and brought in jim skinner, who had been passed over, a spectacular job. made the wrong choice in thompson. they're making their bet on steve easterbrook. but it's going to take more than one person. it's going to take a whole, new strategy at the top because they have lost -- they're not getting the millennials and l

s reacaching 5 50 degrgrees. >> all that weather brought to you by mcdonald's. can you give me a high-five?@qv+( tt2wút3nú!d! "a@qf'l tt2wút3nú!d! bm@qm,@ tt4wút3nú!d!" dztq )>> we're skwievened by my longtime friend ian smith author of best-selling books including "shred" and most recently "super shred" the big results diet. welcome. good to see you. you were so successful with "shred." what inspired you to come up with super shred. >> shred was six weeks and 0 pounds. our shredder nation said can we do it faster. four weeks, 20 pounds real accessible food and all about how you can make it available to everyone. >> four weeks, 20 pounds. you put my parents -- you put momma and papa strahan on it. >> you were doubtful at first because you said doc, if you can do it it's a miracle. they're doing great, papa stra is down 10 pounds 6 inches. mama trey is down almost 25 pounds and an update coming up -- >> you can't tell her nothing. >> so on "rachael ray

mcdonald's. nita in wisconsin? >> good afternoon, mr. cramer. >> good afternoon. >> i have a quick question i pictured buy do when it was in the lower -- it's in the 220's right now i think, i know it got to 260 and went down i'm watching it. >> i do like it but i want you tomorrow to sell exactly what you put in and let the rest run, i was depressed by alibaba today. i was depressed by it. can i go to kareen in georgia? >> yes, mr. cramer! booyah!! >> spirited. >> what is happening? >> i just wanted to wish you happy birthday in advance. my question is about trip adviser. i lost quite a bit. should i keep it and sell it? >> i'm not crazy about it right now. price line has come down a lot. i'm just not tempted. i have so many other irons in the fire i don't need to go there. what can i tell you? facebook, you have a great opportunity to buy stock. it will be up there tomorrow. because of the great amazon quarter. much more "mad money" ahead. they have the science to help get more oil out of the ground stocks will get a beating, though. i'm not stopping my hunt for the next generation of projects. on board, one that is 40% since it became public in june. plus your

downside, the losers, mcdonald's, we know about sales numbers, verizon, telecom didn't do that well this week. we saw ups and johnson & johnson some of the laggers, i'm mixing together the s give a broad-based feeling. it was a winning week on wall street. traders like the energy, impacted well and the consumers did well. and we have been looking abroad where it was stagnant. lori: a winning and wild week. a half hour to go on the session and the entire week. volatility was certainly a theme. as was heavy volume, and it was a big day for the box. the company called box, after two false alarms, finally made a debut on the new york stock exchange. it will start a trend for tech company ipos? back to davos to see what liz has coming up. liz: from cybersecurity to famous dancers and the tongues of famed coffee baristas, lloyds of london ensures it all. brand-new ceo of lloyds joining us next. i've been called a control freak... i like to think of myself as more of a control... enthusiast. mmm, a perfect 177-degrees. and that's why this road warrior rents from national. i can bypass the counter and go straight to my car. and i don't have to talk to any humans, unless i want to

mcdonald's struggles, many restaurant stocks have actually posted terrific gains lately. dominik chu joining us with a look at some of the hottest of the hot restaurant stocks. >> in the s&p00 brian and mandy, there are some really, really good ones coming out of the gate in 2015, and we just wanted to highlight a few of them here just to give you an idea of what's happening. first of all, we all know what happened with starbucks. those shares are up big today. 6%. that puts their year-to-date gains just about three weeks worth of gains for starbucks at about 5%, 6%. that's a big move higher for starbucks. the best performing restaurant, if you will, stock in the s&p 500. the second best performing restaurant stock is another name very familiar to people in the audience here, and that's chipolte mexican grill. gaining in today's trade by a fractional gain here, but still, it's up 42% over the last year. again, up around 5%. just year-to-date. a very strong start for chipolte. then we got another one. along the different side of the spectrum for pricing and service. you look at darden restaurants. this is the parent company of longhorn steakhouse. this company is up 20% ov

s&p, look at the nasdaq and dow up equal amounts percentage wise right now. >>> joining us are larry mcdonaldb pisani. welcome to you both. larry, i had to crash. first line of the note the u.s. dollar setding up for a sharp decline and i got to hear why. >> boy is that a counterintuitive play right now? >> think back to the fall of 2013. the dollar was getting out of hand. emerging market currencies and bonds were in flames and the fed started to talk the dollar down. the dollar went from 85 to 79 from the fall of 2013 into 2014. >> dollar index. >> yeah. getting point now in the next couple of days we have got rosengren, we have a lot of fed speak. if they mention the dollar as a concern, there's so much pent-up bullishness in the dollar, it could create a reversal and in oil -- >> talking a correction? correction totally understand and overbought and too much strength perhaps, whatever they call it in the market. talking about more than that or no? >> a sulback is a bull market for now. if they continue that fed speak, then you'll see a more pronounced -- >> why would the dollar sell off r

s&p had a good week, nasdaq tech had a good week. see the dow lagging. american express and mcdonald's had a poor week.sappointing on its commentary. as for the big winner it's a weird group. the airlines had great numbers because the fouluel helped them out. when was the last time oil and gas ex flor ration was one of the big leaders? it's been months. it happened this week and today despite the fact that oil settled at the lowest estest estest level since march 2009. as for the laggards, you want to see what currency wars are doing? weak euro strong dollar it means cheap exports from europe. it means cheap steel coming to the united states. it means price wars with european steel producers. you know what this means to the stock market for steel? look, now you see what's going on. this is very instructive when people say, oh who cares about currency issues and how it affects the stock market. there is how it affects the stock market. kelly, have a good weekend. >> bob, you, too. look for much more from bob's reporting here about etfs. i could go on. much more on cnbc.com. a report making the rounds sa

mcdonald's used two really well-known basketball players. but they put them in a setting that people can relate to. people understand the game of h-o-r-s-e.humor aspect. it was more and more extreme shots. >> and what is the ad meter? >> it's interesting. since 1989 "usa today" has asked consumers to give us feedback on the super bowl ads. back in the day, we had focus groups and had them rate the ads on handheld meters. but people now can weigh in on their iphone or laptop. you just have to register and tomorrow can vote on the gameday ads. >> these kinds of social media polls that you're taking and the fact that they're spending $4 million plus on these ads, how much does it translate into sales? >> that's the big question. some marketers have come out after the super bowl and said we have seen a bump in sales. but the biggest thing for most marketers is raising brand awareness. you have a lot of them advertising on the super bowl that want you to know about their company and their products. you're now in their consideration set. if you're going to buy a new car, maybe you'll consider their car because you see the ad. >> i know you'll b

s governor gary her bevt. then donald nor cross. later, hour spotlight on magazines. we'll take your calls on the sentencing of former virginia governor robert mcdonald. live starting at 7:00 a.m. eastern. >> today president obama is at a ford assembly plant in michigan to talk about jobs and the economy. live at 4:05 p.m. eastern on c-span-3. >> this sunday on q&a author dick lair talks about the film the birth of a nation. >> part two of the movie which is after the war reconstruction is really the heart of the protest in the sense that this is where the blacks are just appalled by the portrayal of freed slaves. and this is a scene showing what happens when you give former slaves the right to vote, the right to be elected the right to govern. it's a scene in the south carolina legislature where the first and primary order of business is to pass a bill allowing for interracial marriage because again in his hands black men are soley interested in pursuing and having white women. ♪ sunday night at 8:00 eastern and pacific. >> next, a look at the sights and sounds from the opening of the 114th congress in the u.s. house. members gathered with their fam

mcdonald's has a similar setup. change the menu clean off the bathrooms off 68. >> usage. >> watch that. >> dow's down 2197219. -- 219. >> sitting near lows for the day. a very strange morning. put up s, because i don't recall any time when s&p futures moved ten points on that retail sales number this morning and that's just a very unusual move here. now you know theory u.s. consumer global engine of growth. they weakness is cause for concern. reaction, due to the decline in gas station sales. but the analysts i've been talking to say that there was weakness in general merchandising, worse than expected electronics and internetinter internet sales. that's spooking the market. you can't can saying gas station sales were down. financials are weak earlly. weakness in consumer discretionary, health care materials having a rough day as lot of big commodities continuing to downside. metals copper we noted all morning down 4%. another six-year low. zinc weak. nickel is weak. base metals in general weak for a while. grains on the weak side. talked about freeport-mcmoran, a company that gets half of revenues overseas 45% in u.s. good part in japan as well that's down. that's not a typo down 9

mcdonald's, ge honeywell and netflix reporting. >> u.s. earnings season sets the tone for the whole global equity market and first of all i think the market is still trying to catch up with the lower s&p profile. but it was one of the bigger head winds for the global exposed hedges. so we're looking for earnings to be relatively disappointing. of course for some consumer sectors, especially domestically they may be okay. you begin to see consumers away from gas and toward other consumer goods you could see some particular sectors do well. >> so you don't have a strong forecast i guess i should say for earnings season this quarter despite the acceleration in the u.s. economy, 3% gdp and a pick up in retail sales that confirm the u.s. recovery is here. >> the u.s. q3 was 5%. that will be revised down. estimates will start coming down for the u.s. the u.s. cannot be an island of serenity when you have the rest of the world in economic malaise. we're expecting the global head winds to begin to impact the growth picture looking forward. when you look at the energy sector the consumer probably benefits from that but they were seeing big job cuts and cutting back and so on so it's not a ve

mcdonald's before the bell but two data points coming up at 10:00 eastern time. existing home sales and leading economic indicators. stock futures at this hour dow opening up 5 points higher. s&p 500. nasdaq up about a point. >>> now to today's top stories. succession in audi arabwe saudi arabia. >> brother to brother. >> these are the sons of the original king of saudi arabia. >> the unspoken question is what is next for saudi arabia. >> is this the last brother. >> yes it is. >> king salman. he's a half brother. >> he's 70. >> he's in his 70s. >> that's pretty young at this point. i know that now. >> when we were talking about what comes next what's going to be very interesting is the new crowned prince. he is actually the younger generation. he's in his late 40s. so this is what we're talking about in terms of the age difference but is there going to be a change in the progress of saudi arabia. most people don't think any progress has been made but if you look deeper you'll see that king abdullah was the great reformer. he was able to bring in jobs and even now to bring the stock market to such a place that they'll open it to foreign incelestement for the first time ever.