jeff if i'm don thompson would you want to follow jim skinner?any well. it is like following of course jack welch and many other times where it is hard to follow the corporate legend but i think it's a tremendous opportunity. one of his challenges of course, carl, is that if he doesn't give us yard sticks, we'll create our own benchmarks which is the benchmark against the predecessor jim skinner. he doesn't want that so he has to give us those global milestones. obviously a lot to do in china. a lot to do with breakfast foods, late night things, and just give us some ways we can measure his success so we don't keep looking back to that tripled stock value under jim skinner. >> yeah. dean, i guess he faces what all incoming chiefs face and that is convincing the street that they have enough experience even though on paper it might not match what skinner's was say when he took the job. >> well, i think that's right. i think it's -- we need to look at two things. is the individual as well as the organization. you know, certainly mcdonald's is not ju

the ceo, jim skinner, long-time ceo, is retiring. the stock under his tenure has had an incredible run since he's been in charge. so the big question for investors is can the new guy taking over keep up that growth? phil lebeau is chewing on that, pardon the pun, phil. >> you know, sue, usually when you have a company this successful of this size there's a little bit of hand wringing when they change ceos. that's not the case today. jim skinner announcing he's stepping down and being replaced by don thompson, the incoming ceo moving up from the position of coo. he has served as c.o.o. since 2010. and mcdonald's is expected to stick with the strategy of improving existing store sales. that's really been the strategy underneath skinner. but they've also expanded and don thompson's been part of the crew there that has supported the expansion. take for instance with coffee drinks. mccafe has been a huge hit for mcdonald's. coffee drinks now among the fastest growing segments in the mcdonald's business. when you look at this stock over th

but it won't be easy filling jim skinner's shoes. skinner was one of the architects of mcdonald's successful turnaround strategy called "plan to win," which was rolled out in 2003. back then, the restaurants were run down, and some thought the company would go out of business. >> they said, "let's just focus on being better at what we do," and not necessarily bigger. so they really slowed down the growth, they shut down over 1,000 stores in the u.s., remodeled everything that was left over, revamped the menu. >> reporter: mcdonald's also sold off non-essential businesses, like chipotle and boston market. >> mcdonald's has been a stand- out performer in the fast food industry for years. it was able to post solid results even during the brutal economic downturn. the key has been keeping prices low with its popular dollar menu. but mcdonald's has been facing rising competition from wendy's and taco bell, which are testing breakfast foods in certain markets. and higher commodity costs are eating into profits. but in spite of the challeng

"we will miss skinner."f anybody has developed a suggestion that could work it's mcdonald's. >> love large numbers. under skinner from '40 to the end of 2011, gross profit net income doubled, revenue went up $8.5 billion. they rode a massive growth trajectory and the stock followed. >> why do you put it in a past tense, rode? >> as you get bigger and bigger and bigger, is thompson going to be able to double profit and double income as skinner did in a seven-year period from here out? >> let's look at it this way. this is an inventive company. i've been spending a lot of time on my show talking about new technologies, companies that reinvent. mcdonald's is a technology company, come up with wonderful things. the hallmarks of thompson. >> aren't they really from leases for stores? >> very interesting point. >> they're a real estate play as much as anything, are they not? >> i come back and say this company gets the benefit of the doubt. we talked about that with howard schultz. there's certain companies that h

ceo jim skinner announcing his retirement.ater on, we're taking a look at how this move can affect mcdonald's shareholders with him stepping down. market once again under pressure. >> we've got a lot to cover in the next couple of hours. jobless claims figure hit multi-year lows. not enough, though, to overcome global growth concerns, primarily from china. the manufacturing report was less than expected. how much of an impact will it have on investors here in the united states? plus, are we seeing signs of retail investors coming back here in the united states? joining us is bob pisani and rick santelli. it appears that the fear trade is back again. our fundamentals look good but they are trading on global concerns right now. >> yeah. it's a very interesting issue. it's like looking at derivatives in cthe cal cue las. if you take spain, for example, the rates are testing the highest for the year on 10's is at 5.5%. it's high on unemployment. they already have growth issues in these economies. now all of a sudden you push inter

and then a programming note, retiring mcdonald's ceo jim skinner will join our colleagues at 10:00 eastern. so stay tuned for that. >> next week we're getting the gang back together. ♪ hold on for one more day. joe, andrew and becky are back with a huge lineup of guests,

skinner navigated this extremely well.eems like to andy's point is a whole -- the tradeoff move is who's not sitting in a hold? who has potential to grow? last night hearing of starbucks has planned for themselves, i think looking at that name, getting themselves in to the energy drink space, that's another one. look at 25% growth next year. i think when you look at the growth prospects for starbucks, that's where they're innovative and i think you can see even more growth for the starbucks chain. >> how about a name like darden. chart looks great. fundamentals look great. dri. >> all right. next trading the highest tech stock of the year that isn't apple. by the way, the markets are coming back. hit that on the other side of the break. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf ma

stock is up 230% since skinner took the helm in 2004 and i just don't know if the company will be thewithout this great man. as much as i hate the fact that skinner is leaving, that's exactly the kind of handicap we need to make this match into something closer to a fair fight. the way i see it, both companies are at a crossroads here. mcdonald's is about to break in a new ceo. don thompson. old hand there. current chief operating officer. 22 years. ood choice. but these leadership transitions always have the potential to get messy. especially when the departing ceo was such a transformative figure. at the same time, wendy's is in a sweeping turn around with a bigger shake up of their work force. all in an attempt to completely remake their image with consumers. so which would i rather buy? let's start with what our tweeter mentioned. taste. apparently, the new burgers and fries at wendy's just taste better than what you get from the competition. something that's also cited over and over again as the reason why wendy's was able to beat out burger king, turning it into burger pawn. the

it happened in victory new york and fred skinner says six officers broke down the door of his home and he says they searched for five minutes beforerealizing they were in the wrong house. >> tried to put the handcuffs on me, and so i said -- they said wrong house and they took the handcuffs off me and just left. >> the police department did apologize to skinner for the mistake and reimbursed him for the broken door. >>> news time 4:48. there's a record offer to buy the los angeles dodgers a group including magic johnson and baseball executive offering the dodgers owner frank mccourt arecord 2 billion dollars subject to the approval of the federal bankruptcy court. >>> a tough loss for the maryland lady terrapins. notre dame earned a second berth in the regional final. >>> people are lined up all over the country trying to get a chance to take home one of the biggest jackpots ever. >> you may not have been lucky -- you would be more lucky being struck by lightning but that didn't stop many people from trying. >> 1 in 176 million is your odds of winning. >> he wants people to think hard

skinner started his journey on saturday and is expected to make 117 days. and that's the news now, back to lester, jenna and janice. >> all right, mandy, thanks very much. >> nice story there. janice huff is here with a check of the weather. >> are we all awake this morning? >> we have no choice. >> one day we'll get that hour of sleep back. good morning, everybody. let's check on the weather that's happening across the nation. and we'll zoom in on the southern plains. texas, parts of oklahoma, and arkansas, you're getting some much-needed rain. the only problem is, some of it will be severe. there could be a slight risk of severe thunderstorms this afternoon and evening. possibly some isolated tornadoes from shreveport up towards little rock. and into southern sections of missouri. so be on the lookout. in the meantime, sunshine across the northern plains. look at the temperatures in chicago, 65. near 60 in new york city today. and into the 70s across the southeast.s >> good morning. welcome to daylight savings time. hopefully you set your clocks for an ho

since skinner became ceo, mcdonald's stock is up 231%. quite a staggering about figure there. meantime, goldman sachs is going muppet hunting. lloyd blankfein has ordered a company wide review looking for any derogatory terms that employees used when referring to clients. last week greg smith wrote a scathing "new york times" op-ed and resignation letter which he says five goldman managing directors called clients muppets. in the uk, that term is slang for a stupid person. >> i would never obviously use that in a work e-mail. deutsche bank has changed the legal status so can avoid new rules. reports say deutsche restructured the unit in february, so it's no long area bank holding company. it would require u.s. arms of foreign banks to meet the same levels as american banks. reports say the change could have forced deutsche bank to inject up to $20 billion. >> president obama will continue to defend its energy policies today. he speaks in curbing, oklahoma, home to the big crude storage facility just before noon eastern. the president is expected to announce plans to expedite p

the ceo jim skinner is retiring after more than seven years at the helm and 41 years overall at the fasteed by president and coo don thompson. under skinner mcdonald's upgraded added healthier items to the menu and held on to consumers even during the recession with low prices. under his leadership mcdonald's stock is up 231%. big shoes to fill there. deutsche bank changed the legal stat its u.s. subsidiary. reports say deutsch restructured the unit in february so it's no longer a bank holding company a provision of dodd frank requiring foreign banks to meet the same capital and american banks requiring a cash injection, and goldman sachs going muppet hunting ordered a company-wide review of e-mails looking for derogatory terms used when referring to clients after a scathing "new york times" op-ed and resignation letter in which he said five goldman people called clients muppets. >>> deep dive into the 2012 race for the big money. >>> we're back in 30 seconds. >>> back in the watergate days, following the money. add shadow cast by super pacs. mitt romney raise $12 million. and spent twic

and coming up on squawk on the street, outgoing mcdonald's ceo jim skinner.go to a bank to get the things you want from a bank. like no-fee atms -- all over the world. free checkwriting and mobile deposits. now, depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. >>> welcome back. let's take a look at some stocks on the move. home builder kb homes under pressure after it reported a wider fiscal third quarter loss. however revenues were up 29% from a year earlier and home deliveries up 21%. and we're watching nike earning $1.20 per share for its third quarter, 3 cents ahead of estimates. thou nike's profit margins were pressured by higher costs. >> joining us is dan we iss. the obama administration there's 50 million acres and 7,000 person mitts. dan, is that enough for the oil industry right now? should they put more on offer? >> steve, first, t

. >> talk about a big mistake by the police department near syracuse. 76-year-old fred skinner was eatingreakfast when officers barged in his home and broke his door. they realized they were at the wrong house after breaking in the door and having him in handcuffsch he was reimbursed for the broken door. >>> environmentalists are trying to limit damage of a train derailment in -- derailment in northern indiana. the one of the scars caught fire. -- one of the cars caught fire. so far none of the chemicals reached a lake and no injuries. >>> happening today, crime victims are planning to rally at the capitol building in mississippi to speak out against the former governeer pardons. one of the attending is glenda walker. her son survived being shot in the head by one of the men pardoned by barbour before he left office. she says she is helping to get the word out. >>> grocery stores stopped selling it and the company suspend operations. >> coming, why governors and lieutenants plan to tour one of the remaining pink slime production plants. >> also ahead, if you are planning to get away for s

. >> to dennis skinner. >> is the deputy prime minister -- now that the gang of four are galavanting around america, he has a chance to shine, what does he really think of this murdoch sleeze and the latest development. the prime minister riding borrowed police horses, man-to-man, what does he really think? and give him a chance to separate him from the ranks of -- come on, be a man! >> mr. speaker, mr. speaker he -- [ crowd booing ] >> order, order. let's hear the answer. >> mr. speaker, we had to wait a while for him to get going. it was great. i think we are soon going to -- we are soon going to celebrate, if that's the right verb, 42 years of the honorable member's presence in this house and i'm delighted to see that in all that time he has not mellowed one bit. >> mr. john wittingdale. >> will the deputy prime minister join me and my friend the member, in congratulating the citizens on their newly acquired status announced that it's to be a city? does he agree that this is entirely appropriate in olympic year that they are looking to host the mountain biking competition during t

fiber one. an emily skinner, each day was fueled by thorough preparation for events to come.l somewhere along the way, emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuality. ...which meant she continued to have the means to live on... ...even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. >> dvd subscription service netflix's first series featuring a familiar face. san van stars as a new york mobster under the witness protection in a tv show that is not on tv. little steven van z

senator loni hancock anding nan ski skinner expressed their support for the demonstrators. >>> well, -- nancy skinner expressed their support for the demonstrators. >>> well, a judge is gog release the report on the pane -- on the pepper spraying incident. the -- the judge said the police officers' names should be released except for the man shown on the video spraying the videos. >>> bad news for best buy. they make a tough decision affecting thousands of customers. >>> we're looking out our window. i see a lot of gray sky but steve will be back. >>> if you are driving on highway 4, it looks pretty good. we'll tell you more about the morning commute including a look at the east bay for you. they have names like idle time books and smash records and on small business saturday they remind a nation of the benefits of shopping small. on just one day, 100 million of us joined a movement... and main street found its might again. and main street found its fight again. and we, the locals, found delight again. that's the power of all of us. that's the power of all of us. that's the membershi

and senate pro tem darrell steinberg, and we are counting on their leadership along with folks like skinner and lonny hancock and mark leno and others who have stepped up to provide leadership to say, enough is enough and we've got to stand up. the banks may be powerful interests. it can be very difficult for some legislators to stand up to them. but i think we have courageous leadership in california that is prepared to do that in the best interests of the consumer and the homeowner. >> belva: let's move to the criminal justice system because that's where you made your reputation. there's going to be a question before voters on the death penalty. and that was a difficult issue for you when you were running for office. where do you standno on the issue? >> my position is the same. i am personally opposed to the death penalty but i will follow the law. and so we'll see how that initiative turns out. >> belva: another issue that you wrote a book and included something about three strikes, the three strikes law. it also will be on the ballot again. >> right. >> belva: what are your feelings ab

skinner, leaving a terrific, terrific group of managers behind.get 3% yield, i want you to own mcdonald's. @miketheraven. fact or fixes? dar has a similar growth story to sclh and shek? #madtweets. hek, everybody hates it because it's in the four and change. i think it's the best long-term play. clh, not a spec. a very, very good company. here is one, dsfxnn 1, that's easy. that's what a call a lot of my friends that. hey, jim. what are your thoughts on arm holdings and nvda, see how well they're doing in mobile products? if you want safety and yield if with intel. exposure to motel, go to broadcom. brcf. oh, man. come on, just getting my mad tweets. hey, listen. all next week, we're doing that ticker thing down here. right there is where you will see your twicker. "mad money" back after the break. ♪ ( whirring and crackling sounds ) man: assembly lines that fix themselves. the most innovative companies are doing things they never could before, by building on the cisco intelligent network. >>> all next week on "mad money," celebrating the sixth bi

we'll have predictions next. [ male announcer ] for fastidious librarian emily skinner, each day was by thorough preparation for events to come. well somewhere along the way, emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuali. which meant she continued to have the means to live on... even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. and also to build my career. so i'm not about to always let my frequent bladder urges, or the worry my pipes might leak get in the way of my busy lifestyle. that's why i take care, with vesicare. once-daily vesicare can help control your bladder muscle and is proven to treat overactive bladder with sympts of frequent urges and leaks day and night. if you have certain stomach or glaucoma problems, or trouble emptying your bladder, do not take vesicare. vesicare may cause allergic reactions that may be serious. if you experience swelling of the face, lips, throat or tongue, stop taking vesicare and get emergency help. tell your

for fastidious librarian emily skinner, each day was fueled by thorough preparation for events to comewell somewhere along the way, emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuality. ...which meant she continued to have the means to live on... ...even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. weso to save money, services can get kind of expensive. i've found a new way to get my profile out there. check me out. everybody says i've got a friendly disposition and they love my spinach dip. five foot ten... still doing a little exploring. but... my sign is sagittarius, i'm into spanish cheese, my hairline is receding but i'm getting a weave. getting a weave. there's an easier way to save. who wants some ronald tonight!? who wants some ronald tonight!? geico. fifteen minutes could save you 15% or more. will be giving away passafree copies of the alcoholism & addiction cure. to get yours, go to ssagesmalibubook.com. >>> for tonight on our top story the massa

on plastic shopping bands the california public interest research group assemblywoman now at nancy skinner and others planning news conference this morning uc-berkeley by 49 now history heading to the east bay why will be really hard to miss and sales are sizzling and so is the new at had a common complaint about apple's latest gadget. did we see have caucasian organizers are also searching for donors for two young girls named jennifer and vicki the tribe will be held as san francis from 11 a.m. to 4:00 p.m. in the cafeteria if he would like to help out. fresh evidence shows taking a low dose of aspirin every day can prevent and possibly even treat cancer the three studies add to mounting evidence of the anti- cancer effects however experts warn there is not enough prove to recommend taking dalliance aspirin to prevent cancer cases and deaths you know it's spring when people certain uneasiness in flames box still tennessee tops the list for the worst allergy city in the u.s. according to the asthma and allergy foundation of america and it's followed by it taxes and kentucky the study was b

for fastidious librarian emily skinner, each day was fueled by thorough preparation for events to comewell somewhere along the way, emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuality. ...which meant she continued to have the means to live on... ...even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. >>> we will compete everywhere. the time is now for conservatives to pull together. the time is now to make sure that we have the best chance to win this election and the best chance to win this election is to nominate a conservative to go up against barack obama to take him on every issue. >> that was the victory speech. what will the big wins mean. politico's chief correspondent and great guy, allen from big journalism. in this race he is hoping newt gingrich will step aside and let him know one on one with mitt romney. think that's going to happen? >> gingrich's campaign was signalling that was going to happen a few days ago. he really needs to perform in the

for fastidious librarian emily skinner, each day was fueled by thorough preparation for events to comell somewhere along the way, emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuality. ...which meant she continued to have the means to live on... ...even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. >>> what kinds of verbal conduct might be problematic? >> once i had a boss come in and say oh, i had a sex dream. >> who was it? >> i'm not telling you. >> was it oprah? >> that was joan and melissa rivers from "joan knows best." mother and daughter are with me. welcome. >> thank you. nice to be here. >> i understand it's actually called "joan knows best?" with a question mark. >> i insisted. we were calling it zwron knows best there has to be a question mark. she doesn't always know best. again, we difr on this particular topic. but i say we're going to put the question mark. it's only fair. >> it's funny. the mail we get, the daughters all say melissa you are ri

here's the only problem, someone fact-checked that and we have that person on the show, lara skinnersity's global labor institute. tell us if 119,000 jobs is remotely true in terms of the jobs created by key stone. >> we did a study of the jobs impact from key stone excel and found they had grossly overestimated the number of jobs >> shocking. >> yeah, shocking. transcanada, said it would create 20,000 direct jobs, we found 2,500 to 4,600 jobs per year over the two years, these are temporary construction jobs. they also said it's going to create 119,000 jobs, that's direct induced and indirect jobs. we found it's going to be 30% to 40% of that job. >> some of the material being used is not produced in this country, but luckily, when the oil heads down to the refinery in texas, i mean that's an american refinery right, lara? >> yeah, i mean, the problem is is they, you know, america needs a jobs plan, we have a major unemployment crisis, but key stone is not the jobs program or the job stimulus that transcanada and other proponents have cracked it up to be. the steel is the main mater

for fastidious librarian emily skinner, each day was fueled by thorough preparation for events to comeere along the way, emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuality. ...which meant she continued to have the means to live on... ...even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. >>> as the fierce storms through the midwest and south last weekend taking 40 lives, emergency recovery teams scrambled to respond in ten state states. among the relief workers heading into the destruction zone was the first response team of america. >> let's go ahead and get the debris cleared enough to get others in here. we have a few hours after the tornado struck this community. we have cleared the roads. we have provided the light towers. we powered up the grocery store. we powered up the gas station and provided the essentials this community needs. >> since 2007, the team has chris crossed the country providing assistance to thousands of people at 40 disaster sites f

we'll[ male announcer ] for fastidious librarian emily skinner, each day was fueled by thorough preparations to come. well somewhere along the way, emily went right on living. but you see, with the help of her raymond james financial advisor, she had planned for every eventuali. which meant she continued to have the means to live on... even at the ripe old age of 187. life well planned. see what a raymond james advisor can do for you. >> mike: it is called bring it on home. joining me now joanne osborne. great to have you here. welcome. q. joanneosborne.com. you will do a cut from it called shake your hips. >> mike: i will shake mine off the state and take it up for us. we are ready. >> guest: thank you. ♪ ♪ going around. ♪ everybody's going up town. ♪ you got to move your head. ♪ you got to your hands . ♪ got to move your lips. ♪ shake your hips. note shake your babies. ♪ shake your hips babe. ♪ if you don't know. ♪ just listen to me. ♪ do what i say. ♪ don't move your head. ♪ don't move your hand. ♪ don't you move your lips. ♪ shake your hips. ♪ shake your hips, babe. ♪ do your hip shake

. >> police reimbursed skinner more than $1,000 to fix his doors. >>> still ahead on eyewitness. >> leopoldwdown. i'm mike hellgren. anne arundel county executive is diewz accused of using top -- cops as spies to dig up political dirt on his political dirt on his op it's oysternomics 101. you start with a u.s. senator named ben. by helping restore thousands of acres of oyster beds, he kept hundreds of oystermen on the job... which keeps wholesalers in business... and that means more delivery companies... making deliveries to more restaurants... which hire more workers. and that means more oystermen. it's like he's out here with us. he's my friend, ben. i hope he's your friend, too. >>> coming up right now on wjz eyewitness news at 6:00. abuse of scandal. tonight, the growing list of names. >>> justice forever phoenix. the retrial begins for twin brothers accused of setting a pit bull on fire. i'm weijia jiang with the latest next. >>> midair meltdown. the pilot wrestled to the ground by passengers and crewmembers. the charges he's facing. >>> showers and the rain. don't miss the updated fir