you know, and scott thompson who left just a few months ago, and now ross levinson. even if it is ross or someone else, can a ceo really make a difference at yahoo? >> we absolutely think that a ceo can and hopefully will make a difference at the company. if you look at ross levinson in particular not only is he familiar with yahoo having been there a year and a half at this point. in addition he has a career over decades where he's been participating in internet media and advertising. it's really not anything like the ceos that yahoo has had in the past where folks have had some experience and accolades for the management achievements. but the reality is that ross is the type of person who knows the company, knows the industry, and as i said, is well respected and liked, both inside and outside yahoo. that's really important for a company that needs the kind of stabilize itself and turn itself around at the same time. >> susie: you're recommending the stock. the viewers can see over five years, the stock was as high as the 30s, and now it's in the $15 range. what is

neither marissa mayer, nor ross levinson or new ceo or interim ceo will be on the yahoo! ties will fall to chief financial officer timor ris and will raise questions whether ross levinsohn, who has led sales before he was interim ceo will be sticking around at yahoo!. mayer is also in the office already. back to you, sue. >> very interesting, john. thanks so much. we bumped up almost towards 100 plus points on the day. backed off a little bit. up 81 on the dow and almost nine on the s&p and nasdaq up 12 points. >> let's talk to annie on one of the things she has her eye on. one is yahoo!'s earnings after the bell.

i thought ross levinson, the interim, had the job. i don't like to opine when i don't know. mayer has a terrific background. my friend herb greenberg was here. google is a great company. you get someone high level and they do a good job. i just don't know enough. rocky in ohio, please. rocky. >> caller: hi, jim. thanks for taking my call. i appreciate everything you do for the viewers. >> thank you. >> caller: i'm noticing gold is down today. i'm kind of big into the miners. i had a question about nova gold resources. >> right. >> caller: ticker ng. do you think it is a good buy? >> no. i don't want to single out nova gold. gold corp. just reported horrible numbers. owning the miners is a recipe for self-punishment. i would rather have you in gld and i believe in it particularly below 150. there i would be very aggressive. ron in michigan. ron. >> caller: mr. cramer, how you doing? >> real good, how about you? >> caller: good. i just had a question for you. i know you said that newspapers weren't for you. gci gannet. how do you feel about the digital marketing services deman

lot of people expected ross levinson to get the job. there's the unusual outpouring of support from other ceos, including, for instance, jeff weiner, saying publicly that he thought that ross should be given the job. clearly the board here going in a direction different from expected. a couple of things to point out about marissa mayer. first of all, she did -- she was one of the people that listened to engineers' ideas coming in and vetted them for google. so that's a key experience that yahoo is going to need as far as being able to decide which products actually see the light of day. the other hand, as far as cutting bark, as far as focusing a huge work force on doing various -- various new things that don't involve -- don't involve sort of newer products that are -- that are off the cuff, rather -- she doesn't necessarily have that experience. more to being a ceo than just engineering piece. inning to see what the reaction is now. >> all right, john. thank you so much. more on this developing story later on. meanwhile, it is seven o

there is word that the interim chief, ross levinson is in consideration. they are also considering hulu jason kilar. gentleman hoo has had four ceos, in the last four years, not including levinson's current stint. >>> muni is asking for patience from its riders. there will be some disruptions on the njuda and fillmore line. it's all part of muni tracks and street improvements. >>> today on channel 2 news, we are following that crash that injured 16 agers earlier in alameda. we are asking investigators about what happened before the collision as well as monitoring the conditions of those involved. >>> thank you for trusting it trusting trusting ktvu channel 2 news. we'll see you the next time news breaks and also on ktvu.com and ktvu mobile.com. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. introducing at&t u-verse high speed internet with more speed options, reliability and wi-fi hot spots than ever. call at&t now to get u-verse high speed internet for as little as 14

mayer beat out ross levinson. she becomes yahoo!'s third in a year. levinson is not likely to remain at the company. shares of yahoo! rising in the after hours. also spain raising 4.4 billion dollars in short term debt auction today. borrowing cost dropping since the government announced a new austerity package. first andrew has some of this morning's other top corporate headlines. andrew, good job on that stuff yesterday. >> thank you, becky, i appreciate that. let's begin with earnings. coca-cola and johnson & johnson, goldman sachs are in the headlines, quarterly reports coming today, all three will be posting results before the opening bell. also this morning some jpmorgan news. jpmorgan disclosing possible miscondoubt federal authorities. they did that last thursday, the day before reporting earnings. the bank reportedly told feds an internal investigation they found evidence that three london traders may have tried to hide loss in some of their positions. late thursday night jpm decided to restate its first quarter earning results as a result an

looses like ross levinson, current interim ceo will get to keep his job? >> well f you think about it, yahoo!'s had, i think, five ceos in the last five years. ross is doing a very good job getting things done with an organization that's gone through this much change and drama and trauma, if you will. i think it would be foolish for the board to conclude the board should change it up again and try to start anew. >> here's the question, jordan. ross is like, to me, like terry semel, a media guy, advertising guy. that's what he does. he's not a tech guy. when people think about the companies that have succeeded in silicon valley, there has always went been pressure to have somebody who understands tech, think google, think -- all of the sites that actually worked had some kind of technology person behind them. >> well, the good news is is that ross realizes what yahoo!'s strengths and weaknesses are. if it's not working, why continue to try to do it? so, i view it a little differently. and i think ross does as well. which is, let's make this organization make

it's a snub to interim ceo ross levinson. myer brings star power and a legacy of working on top products from search to maps. at 37 years old she was one of the best spokes people but and she always had big idea. >> one dream job i thought would be fun being a kid was michael eisner's job at disney. i loved disney. i loved "sunday night movies they showed. and thinking wow, he has the best job in the world. >> and so this may have been a matter of time, and yahoo's fifth deal in four years and will have big challenges ahead including helping the company restore it's reputation and regain user who's ditched the site to socialize on facebook, twitter and search on twitter, her challenge will be wooing advertisers who shifted marketing budgets away fromma hoo. microsoft unveiled a new version of its office software including a new social and cloud feature, it's designed for touch screen devices. and claimed it will be productivity for customers. one of the main ways is through new social features to fend off competition from riv

the board is considering current interim ceo ross levinson and jason killnar.inson took over in may. the board reportedly wanted to talk to former ceo john miller but he declined. >> thanks, courtney. >> 5:18 now. it's been scorching hot out east. sounds like some of that is going to bho our way and triple digits. >> indeed. >> microwave. >> jon, have it. >> it's broken. which one do i push? >> you can do it. nothing's happening. >> leave to the christina. >> let's digest one thing. ladies and gentlemen, it's friday. it is friday. boy oh, boy, any weather today is acceptable here. we've got a great looking forecast. go figure. it's going to continue to be unseasonably cool just for today. by tomorrow we reach our averages and then we are going to climb above our averages next week, bringing in the humidity. so overall feeling much more comfortable. the clouds are back in the bay area. this is a live look this morning. san jose and san francisco mostly cloudy, this is san jose, beautiful out there. let's talk about the fog. we did have your temperatures that jon

neither current or interim ceo ross levinson be on the call or marissa mayer, ceo. facebook down another 3%. capstone investments a little worried about the u.s. and europe user base there. that's pulling down shares of zynga. we're down more than 7.3% there. remember, those two are inextricably linked when it comes to revenue sharing. look at shares of vivus. we're still waiting on the decision of the antiobesity drug. we were up and now down again for shares of vivus. >> up next, from the big picture to small caps. why our two fund managers have snack food and casual dining on their menus. >>> it is marissa's first day on the job. the most talked about topic seems to be how she will handle being a ceo and first time mom and how to turn the company around and the debate and topic and whether we should be having that debate. i'm consolidating. i'm not paying hidden fees or high commissions. i'm making the most of my money. and seven-dollar trades are just the start. i'm with scottrade. i'm with scottrade. i'm with scottrade. and i'm loving every minute of it. [ rodg

yang, david yang, he started the company, cougle, semle, yank, barts, scott thompson, ross levinson upyesterday, and this morning of course marissa mayer. kind of foolish to assume based on that long history that she's going to stick around long. but i think that's exactly what people hope will happen. mayer comes to yahoo! from google where she was employee number 20, the first woman engineer hired at google and has been the most public face as well. mayer of course more than a face, she's a very incredibly talented engineer, very smart, talented leader who it's hoped will re-energize yahoo!. mayer come you wills after the dismissal of scott thompson who said he had a computer science degree, he did not. and he left the company. mayer very much has a computer science degree from stanford. as you well know she is not the first woman ceo of yahoo! not even the first woman ceo of yahoo! with a computer science degree. here is a picture of her meeting with president obama. also in that picture is carol bartz, who was the ceo of yahoo! and had her degree from university of wisconsin. when

ross levinson which i have known -- i'm a dot-comer from the '90s. i started with street.com. i think leavenson is the real guy. i think if this stock breaks out it will break out to the up side because they make him ceo. he is young, thinks young but not that young. he has tremendous ideas and will surprise us to the up side most certainly. john in california. >> caller: jim, i'm a pfg customer and i'm outrage how my money was stolen like thousands of others like me. do you think regulators should be held accountable and customers made whole? do you have our back? >> well, the u.s. attorneys have to have your back by putting people in jail, long jail sentences. i don't know what the regulators were doing in this, how could they miss it after mf global. how you get things going is you have show trials. if you want me to have your back, i need a prosecutor to have my front. that's going to do it. today was a good day. if you want to continue, you have to hope for -- you have to hope that the chinese take action. stick with kraimer. >> coming up, golden years, kramer is searchin

ross levinson also a candidate.s than that. >> this is a great name somebody might finally, carol bartz, i liked her going in, wasn't able to unlock that value everyone looking at. this is a company with five ceos since 2009, turned down $42 billion in 2008. i think they have a right name of a gentleman who can get this turning in the right way. a phenomenal job at hulu. >> alcoa getting set to kick off earnings season monday. grasso, what do you expect to see the market today. alcoa down 3% heading into the number. >> estimates of being cut across the street. more recently cut on prices. everyone eyeballs it, kicks off earnings season. numbers have been coming down across the whole spectrum. i don't know if the numbers are low number. to get what alcoa, hammered 3% down today, might see it level off. i still wouldn't be a buyer. >> here is a real fast money trade, dr. j made 1700% -- 1700%, he said, return on this call he made tuesday. >> the one i bought into was netflix, nflx. the 70 calls, judge, they were tradi

i think ross levinson who i've known as -- remember i'm a dotcomer from like the '90s. i street started the street.com. i think levinson's the real guy. and az said on the street.com and i'll repeat here if p this stock breaks out to the up side it's because they make him ceo. he's young. he thinks young but he's not that young. he's got tremendous ideas. and he'll surprise us to the up side most certainly. john in california. john. >> caller: hey, john. i'm a pft customer and i'm outraged how my money was stolen and thousands like me to mf global. do you think regulators should be held accountable and customers made whole? jim, do you have our back? >> well, the u.s. attorneys have to have your back by putting people in jail. long jail sentences will concentrate their minds. i really don't know what the regulators were doing in this one. how could they miss it after mf global? you were really caught -- how do you get things going here is you have some show trials. and i am -- if you want me to have your back, i need a prosecutor to have my front because that's what's g

ross levinson until recently was the interim ceo at yahoo is leaving the company. -- it is pretty obvious, passed over for the job by mayer. he has been there since october of 2010 for a couple of years. but i think he aspired to higher position. >> he tried turn the company in a different direction. obviously it wasn't a success given the stock performance as he had hoped. and, of course, now he's leaving to pursue other avenues of opportunity. >> yahoo not responding. it has already been in that -- stock otherwise. let's talk about what could come tomorrow. steve rosen is here with us. this market, steve, very much in wait and see mode. awful lot coming with the beginning of the two-day fed meeting. we have the ecb, bank of england, jobs numbers. what do you expect to happen this week? >> well, overall this week, i don't think we will see very much happen. i think you will see the vix steadily climb. i do think you will see options. there are events coming and market is going to price in those events. so i would expect to see the vix steadily to climb into wednes

there was an expectation that ross levinson the current interim ceo who took over after scott thompson left that company after questions of his resume, he would become the ceo but today the big surprise across silicon valley is marissa mayer will take that role. the big question is whether she's up to the challenge and recruit the talent that's necessary. and whether they will be able to revive the fortunes of yahoo! which has been under question. back to you. >> timothy rendell is still with us. timothy your reaction to this news. is this telling for these companies? what do you make of it? >> i think it's intriguing that we're getting some cross fertilization in the market. to show people can move from one tech company to another shows they are established business, they are growing from young aggressive or immature companies into companies that have stature and i think it's healthy that we can see this cross move. >> is that at that reason to invest or a reason to stay clear? >> i think still a lot of growth potential. i'm a bit worried about some of the social networking aspects, o

. >> insiders say her first order of business should be to convince ross levinson, the man who was considered front runner for the job, to stay on. he was interim ceo for the past few months. there are concerns if he leaves, other employees must also leave. she's 37 and she and her husband have announced their first child is due in december. >>> a police man hunt is going on right now in alabama. police are looking for the shooter who shot 17 people overnight at a bar in tuskaloosa. jana katsuyama is joining us live to tell us what witnesses are now saying about this shooter, jana. >> reporter: we're just getting some of those first hand accounts into the newsroom here. the witnesses say that the suspect never stepped into the bar, but just opened fire from outside. tuskaloosa police have released this surveillance video who shows the suspect walking with a gun in his hand. the shooting happened around 12:30 central time this morning at the copper top bar, a popular night life area of downtown tuskaloosa, and just one block in the city hall. witnesses say the shooter fired through a window at

now, the front-runner is interim ceo ross levinson, and just a week after he started in the role, struckbaba. investigators were hoping to hear some news today. though at this point it's not looking that likely. the fact that we haven't heard anything indicates it may not come until next week before yahoo!'s earnings on tuesday or further out after that. now, the real power player behind today's meeting, they actually would be activist shareholder dan loeb. he has a 5.8% in the company and yahoo! ended loeb's proxy battle in may giving him and two of the allies seats on the board. extinguishing the fireworks we would have seen here otherwise at today's meeting. today's meeting comes as they face two negative headlines. one, the yahoo! search market share falling behind microsoft to third place in search market share. and some reports that hackers are claiming they have posted 450,000 yahoo! accounts and passwords. yahoo! is looking into it. i heard one yahoo! spokesperson saying they're addressing the issues. we don't have an official statement just yet. we'll be back if there are any he

. >> reporter: well, most analysts and company insiders thought that the interim ceo, ross levinson wouldover a couple months ago after the previous ceo was found he fudged on his resume. no word yet on levinson's future. >> did the board, dan, express anything about miss mayer being pregnant in? >> reporter: no, wolf. she informed the board back in june when she was first contacted about the job, she says they expressed no reservations about her ability to juggle mother hood and the demands of the job. that's what she told "fortunate" magazine. >> dan simon reporting for us from silicon valley. thank you. >>> and you're in "the situation room." happening now. >> i bit into and i felt this real jab in the top of my mouth. >> delta and the fbi now investigating needles, yes, needles found in airline meals. also, parts of the united states suffering through the worst drought in decades. farmers are facing ruin. all of us face higher prices at the same time. and a series of highly unusual moves has the world wondering, is north korea on the brink of any significant change? >>> we want to wel

ross leaveninsona leaving. he negotiated his exit with the ceo. levinson in and favored to be ceo. >> fans attending the lim limbs - limb olympics is asked not to tweet. some are calling the 2012 games the app olympics because of the apps about the game. there are media apps with little about everything and individual apps. a company in mountain view. app celarator. they developed titanium to help family enterprises get in the game. >> it is move nothing the noble network. it is a interesting jump. early years in the app business were dorm room developers. but now businesses have industrial strength apps with large teams and big data. >> if you prefer a traditional way of watching the olympics, you can switch back over to abc 7 news. it is a 7 minute recap of the news, weather and sports highlights. there is more speculation of what is expected to be apple's next iphone. this is the next generation of the device. published by a company in japan that repairs iphones. based on components, that were leaked from china, the new phone will have a slightly larger

ross son took over after scott thompson's resume disaster back in may. many thought that levinsonwas a shoo-in to get the job permanently. but he's making his exit effective tomorrow in a statement yahoo said ross has done a terrific job during his time at yahoo we wish him all the best. he will be getting a severance package equal to one year of his base salary which is $700,000. the new yahoo ceo marissa mayer spent over a decade at google now bringing some of google's perks and policies to yahoo. this includes free food at the company's cafe. all things digital says she wants to change the lay-out of the offices to make them more collaborative and cool and will be updating the swag in the company's store to get employees excited about working for yahoo again. >> a controversial cyber security bill is front and center in the senate this week lawmakers begin debating the measure. senators are expected to examine dozens of amendments to the legislation with a final vote before the end of the week. the bill would set security standards for companies and government agencies to meet.

reports say the competition is between the current interim ceo ross levinsohn and hulu ceo jason keelar. levinsonook over in may after yahoo ousted scott thompson amid questions about his resume. he's seen as the front-runner. yahoo's board also reportedly tried to speak with former aol ceo jonathan miller, now the chief officer at news corp., but he declined out of respect for his friendship with levinson. yahoo in afterhours, or actually in frankfurt, sorry, is just off slightly this morning, not a whole lot. >> the focus, though, shifts now, of course, to the big jobs report. it's payroll friday, and that report is due out at about 8:30 a.m. eastern time, so shortly after lunch here in london and across europe. the pace of hiring is expected to improve from the past two months, but it's still seen as sluggish. forecasts call for an increase of about 100,000 in non-farm payrolls, up from 95,000, given a better-than-expected adp report on private-sector hiring thursday, showing a gain of 176,000 jobs for the month. still not enough to make a serious dent in the unemployment rate, which is expect

the job for former interim yahoo's ceo ross levin he announced yesterday he's leaving days afteria -- yahoo hired former google executive marissa mayer. levinsones yahoo with 67,000 shares of stock worth nearly a million dollars. he also gets one year's severance as well as a bonus. >> pg&e investigating whether a kite caused a power outage in richmond the initial outage 8:30 last night knocked out more than 2200 customers. an hour later pg&e restored power to half of them. right now power has been restored to all but 26 customers, no estimate on when power will be reed for them. pg&e con finks a pow -- will be restored for them. pg&e confirms the power outage but cannot say it was caused by the kite. >>> district blames smell on algae blossoming in its reservoirs because of the warm weather. crews were out yesterday treating the reservoirs with safe algae-killing chemicals. residents have filed the most complaints. officials say while the water tastes off, it is safe to drink. >>> you may be drinking lots of water today especially inland because it is going to warm up. >> we check in with mike. >>> great advice, do it now before you get thirs

ross levison with a better shot of the top job. and one of his big accomplishments since then settling a dispute with facebook that thochson started. bloomberg learned levinson pass out a deal not only resolving patent issues but strengthens an alliance between the two companies. and they said they will work together to bring ways to promote the product and users will get access to media event coverage. >> as if smart phone battles aren't crowded enough amazon is jumping into the fray and sources say it is coming out with a smart phone and the mobile phone maker that makes iphones is said to be working on them with for the device. and bloomberg learned best buy will be cutting 2400 jobs including 600 geek squad positions and 1800 in store positions. best buy struggling to compete with rivals like amazon and is searching for a new ceo after brian dunn resigned following an inappropriate relationship with an employee. >> stocks sinking today on the back of a weaker than expected government jobs report and there are numbers showing it's fueling concern the economic recovery is slowing. your bloomberg silicon valley index is scoring lower. are you taking a summe