after nearly four decades at the helm of intel, ceo paul otellini will retire in may. during his tenure at the world's largest chip-maker, otellini saw both highs and some lows. intel dominated desktop and personal computing, but fell behind in the era of tablets and smartphones. intel has seen its fortunes with that section of the market improve, but still lags. however, intel did continue to set sales and profit records in 2011. intel's board of directors will look at both internal and external candidates to replace otellini. it's hello ruby tuesday for jj buettgen. he's leaving his post as chief marketing officer at darden restaurants to become president and ceo of ruby tuesday. he starts the job december 1st. ruby tuesday's shares ralied more than 3% on monday. in arizona today, state officials will perform their final inspection of that state's first medical marijuana dispensary. and there's a particular stock that is capturing wall street's attention: medical marijuana inc. is the first publicly traded company and its stock has risen more than 300% in the last se

news that paul otellini is stepping down in may.allenges the su successor is going to face? >> look at microsoft. it's not like it's been a standout. look at dow. our friends at hewlett packard. these are all part of the same complex. intel needs to break out of that. not enough credit for server business. otellini a long line of good professionals. as steve jobs said you can't deal with them. they're too slow. they're too big. and you rather deal with someone in a quick fashion like samsung. >> a company in 45-year history proved itself adept at reinventing itself when it needs to. >> i wouldn't sell stock on this. intel is cheap. i would not sell the stock on this. >> still has exact problems it had before and the fact that he's going to stay on for some time for there to be a transition to be well in place seems to be a good sign. contrast trading of intel, it's not a bad print but contrast it to the way the rest of the group is trading. we've seen very sharp gains in the likes of the texas semi. arms holding hit a 52-week high a

otellini is leaving, i guess that's going on here.ng you an opening quote as soon as we have it. the dow is straight up. 100 points higher in the first, what would that be, 102, and that puts us back in almost 12-7 on the dow and there are no unions in wal-mart, but a small group of workers trying to change that. wal-mart faces a walkout on black friday, because their employees want to unionize, some of them that is. that would hurt as the day after thanksgiving, very big for retailers. wal-mart says this group is very, very small, it doesn't represent the views of the vast majority of the 1.3 million wal-mart employees, where is wal-mart? no change, 68. but there's some possibility of action on black friday in wall street, we'll see. the great american brand. hostess is no more. the u.s. bankruptcy court will decide today to approve the company's request to liquidate according to the filing. and hostess wants to shut down bakeries and fire over 18,000 employees and pay 1.75 million dollars in incentives and bonuses to 19 managers, th

paul otellini will retire after 40 years with the company. he has been the top man for the last 8 years. intel makes software. officials say they plan to look inside and outside the company to find paul otellini's replacement. >>> facebook is defying a newspaper report that a top facebook executive is talking to yahoo about the two companies becoming search partners. facebook's statement says it is working to improve search functions on facebook but there are no talks to form a partnership. >>> a committee sent letters to all 50 state boards of pharmacy. contaminated pain injection has been blamed for a meningitis outbreak. 34 people died and 500 became ill. >>> new push to make testing for the aids virus common as cholesterol checks. they are suggesting new screenings. the panel recommends americans 15-64 be tested for the virus once. the centers for disease control pushed for widespread routine hiv testing. >>> how the cap sizing of a boat that was set to compete in america's cup could alter the way the race is held. >> and a dier situation

records show otellini donated 55,000 to mitt romney's campaign.e criticized president obama for not doing enough to create jobs and also for his stimulus plan. the president's jobs council hasn't met since january. >>> country music biggest stars gathered in nashville last night for the 4th annual cma awards. they didn't forget the devastation brought on by sandy. >> tonight's show is dedicated to new york, new jersey. all of our prayers go out to the east coast. >> in case you were wondering about the winner of the show? blake shelton. took home three trophies including entertainer of the year. >> i know i am not out there that much i don't know how this happened. i freaking love it, though. >> shelton joined others in a tribute to will knee nelson. he achieved the lifetime achievement award. >> that is your 5@5:30. >>> here's a look at who is talking this morning. we are hearing from clint eastwood. the actor made headlines for his criticism of president obama. >> that empty chair last night speaking with sean hannity he continued to express his

otellini's been with intel for 40 years.you can expect the next as of yet unnamed ceo to focus on chips for mobile devices. >>> one other silicon valley ceo of note, marissa mayer still admit the company has a long way to go before it turns around. but today yahoo! stock closing at its highest level since mid 2011. >> thank you, scott. >>> on the run and apparently online, john mcafee wanted by police in belize has launch add website and a blog about his life on the run. and now he's offering a $25,000 reward for the capture of his neighbor's killer. the website called who is mcafee debuted on saturday. the 67-year-old says it allows him to go undetected as he spies on illegal searches of his home. belize police have been searching for mcafee since his neighbor was found shot to death a week ago. mcafee claims he is innocent and says he is being framed for a murder he didn't commit. >>> the mother of a 9-year-old hayward girl who was kidnapped 24 years ago came out to mark the somber occasion again. sharon murch tied a ribbo

intel rebounding after announcing ceo paul otellini will retire in may.ing lit consider int n internal ask external candidates important the position. josh brown, what do you do here? >> sometimes there is just no trade. you think intel is a really good case in point. up can't be shorted because it is perennially cheap. and there is a really good dividend yield. there is absolutely been no reason to be long. this is value and in the absence of any catalyst. so -- i think this is one of those situations where you just look elsewhere and -- qualcomm much better than intel. intel is month where in the tablet and mobile space. that's really what they have to figure out. >> let's take a look at walmart here, stock higher today. changing the date fourth quarter dividend will be paid. move that the world's biggest retailer might be taking to avoid a higher tax rate on dividends if there is no fiscal cliff agreement. >> yeah. i think it is prudent planning, scott. dividend was due to the paid just two days into 2013. instead they back it up into december. the lar

. >> reporter: paul otellini has spent four decades at intel, eight of those years in the corner office. and it has been during his tenure at the top that the industry has shifted toward mobile computing and away from pcs. the problem for intel is that its chips are mostly used in computers, not in the increasingly more popular smartphones and tablets. >> ottelini was seen i think as a little bit late to the party in getting into mobile and into smartphones. and, it's possible that his successor will move a lot faster and be more aggressive. >> reporter: the next c.e.o. will need to figure out how intel can catch up. he or she will also need to boost the company's struggling stock price. so far this year, the shares have lost 15%. >> this is a healthy company financially. they've got $10.5 billion in cash, $53 billion in yearly revenues. many companies would kill for these revenues. but, it's all about the future with technology, it's all about their growth. >> reporter: ottelini's big miss on mobile computing has made investors question intel's future. suzanne pratt, "n.b.r.," new york

the only one under pressure is the intel on the news of paul otellini stepping down and repairing.you ever seen "twilight"? nicole: no. i don't see anything. tracy: i am with you, i've lost control the remote in my home. it is espn and girly things only. nicole petallides, we will see you at the top of the hour. oil prices spiking on the violence in the middle east. senator smith live from the cme next. and they look at the winners and losers. nicole gave us a bunch over on the nasdaq, green mountain coffee roasters up. nicole mentioned apple, research in motion also up 6.5%. we will be right back. tracy: violence rages on in gaza strip as expand the range of their attacks against the activist. more civilian casualties are being reported death toll nearing 100. leaders calling for israel to end the attack and egypt stepping in when it comes to broker a cease-fire. officials from both sides are expected to present their conditions of the cease-fire today. israel began the missile strikes last week in response to months of fire from the gaza strip. the violence and searching oil pric

some big news from one of the tech giants after almost 40 years with the company, intel ceo paul otellini will be retiring in may. his board says they have not yet chosen a successor. stocks closing virtually unchanged. and there could be a black friday blackout at wal-mart if workers threaten to strike in the busiest shopping day of the year. employees say the walkout over the plan to open at 8:00 p.m. on thanksgiving day. wal-mart shares closing up slightly. now to our top story. is israel on the brink of war? the country is mobilized 75,000 reservists as they prepare themselves for a possible ground invasion against a terrorist group. tanks and troops are lined up at the gaza border and reports of more than 20 people killed just today. so for the death toll is more than 100. this report filed from the gaza border. >> this is a rocket that came through the concrete roof of a major school, high school and embedded itself down on the ground, this is a bench where students would normally sit. it is now peppered with shrapnel. like this, which obviously destroyed the bench, easily could hav

. >>> paul otellini has been president for eight years. he's moving on.successor has been named yet. but intel's board called otellini a strong leader who's led the company through challenging times and market transitions. >> thanks so much for that, lisa. we're going to throw it back to wolf blitzer in jerusalem now. wolf? >> joe, thanks very much. we're watching what's going on here in jerusalem as i've been pointing out, the israeli cabinet is meeting right now. we're expecting them to wrap up whatever they're deciding. we're told they're considering a cease-fire proposal that's come to them from the egyptians. as soon as we know what's going on, we'll of course share the breaking news with our viewers. we have a lot more to show you on both sides. they're suffering on the ground and behind the scenes, there are urgent talks to stop the shooting and the killing. much more of the breaking news from jerusalem when we come back. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medicati

paul otellini intel, he's on the president's jobs council and he's backing romney. administration for slow job growth. he box romney's plan to lower corporate tax rates and get rid of certain deductions. to the gas shortage, the biggest metropolitan area in this country is paralyzed by gas shortages. only a small percentage of stations have power and where they are pumping, the lines are stretching for literally miles. and takes hour to fill your tank and those stations are starting to run out of gas. it is getting ugly. tensions, frustrations rising, one driver in queens was arrested for pulling a gun on another driver who confronted him for cutting the line. in our next hour, the gas buddy joins us to talk about where there is gas. if ever there was a time when people needed a gas buddy, this is it. we're going to get both sides of the jobs issue after the break. the closing-- the opening bell coming up next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you

i know you still like intel as well even with otellini leaving. >> we're thinking that the emerging markets in the next three to five years are still going to have more people in the middle class and as the middle class people are going to want to fly and see places beyond where they live now. tracy: i wish we had more time with you because you make sense. >> thank you very much. tracy: she is with fort pitt capital group. >>> coming up, hostess is back in talks with union workers over a deal to save the company while wal-mart is bracing for more walk-outs this weekend. what is going on? gerri willis is going to tell us next. >>> before we head out to break, the dow is down 39 points. let's take a look at some of today's winners and losers on the s&p 500. pulte group up on top. you don't see this very often, jc penney up almost 3.6%. we will be right back. twins. i didn't see them coming. i have obligations. cute obgations, but obligatio. i need to rethink the core omy portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find

the romney campaign announcing one of its latest backers is intel ceo paul otellini.or not doing more to create jobs and for his stimulus plan. the president's jobs council hasn't met since january. gretch? >> gretchen: they're now in, the new monthly jobs report shows the unemployment up from 7.8 to 7.9%, with 171,000 new jobs created. so what impact will this have on voters heading to the polls next week? let's ask the governor of the critical state of wisconsin, governor scott walker joins me now. good morning to you, governor. >> good morning. good to be with you. >> gretchen: many economists predicted it would tick up slightly to 7.9% and that's exactly where we are. what kind of impact will it have? >> remember before last month we had 43 consecutive months at or above 8% and slight dip at 7.8. it's back up at 7.9 heading toward 8%. this is the highest unemployment the president has faced going into reelection since fdr. we know how things were, long before we were born. this is one of those where it has a tremendous impact in wisconsin, iowa, ohio and states al