at first it was bill gates, itadays steve ballmer -- now is steve ballmer -- the tiddly woman credited with transforming -- the two man credited with have re-ing microsoft signed. thecompany has long faced decision for for failing to identity rapid changes in the i.t. world and now the search is on for a new boss. >> steve ballmer is most at home selling his product and performing in front of an audience. his enthusiasm is legendary. >> it really is an exciting, exciting day. >> steve ballmer was hand-picked by bill gates to bring commercial savvy to a company where being called a nerd was a complement. wingate stepped down, steve ballmer took over the operation, but -- when bill gates stepped down, steve homer took over the entire -- steve ballmer took over the operation. >> we have reimagined windows and the pc industry. >> many do not agree. corporate customers have taken a pass, and for a long time microsoft did not seem to care. another blunder was the lack of vision on the tablet market where competitors have roared ahead. now that steve ballmer's days are numbered, things could

of course, the successor to steve ballmer has to do all this better. that remains to be seen. >> the surprise resignation of microsoft te of steve ballmer dominated this friday at the frankfurt stock exchange. the dax index of blue chips ended the week in positive territory. meanwhile, at last check, the dow jones average is up .15%. >> still ahead, a look back at mercedes' attempt to win formula one. >> first, we looked at some other stories making the news this hour. and portugal, over 700 firefighters are battling blazes in a remote hilly area in the north. the fires have so far claimed the life of one firefighter and injured nine others. that was in a township about 250 kilometers north of lisbon. >> in the indian city mumbai, police say a woman has been gang raped. a young photojournalist was shooting in an abandoned mill when she was attacked. there's been one arrest, and police say they are pursuing for other men. the attack has shocked residents of the city, which is thought to be india's safest for women. >> north and south korea have agreed t

>>> since steve ballmer became ceo of microsoft in 2000, the stock is, what, up or down? e we up now? since he joined? >> since he joined. >> down 40%. what does ballmer's retirement mean for the company? in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> getting back to the markets today which are trading slightly lower. premarket looked a little bit better than we're getting here. dow is awful 12. nasdaq up ten. s&p flat at 1557. john manly is the strategist with wells fargo funds management, joins us on a friday here at post nine. john, it's great to have you. >> great to be here. >> what a collision of topics that investors now have to dea

steve ballmer plans to step down within the next 12 months. e man once dubbed as microsoft's secret power broker. we're talking to a former microsoft senior vice president and one of ballmer's biggest critics. does microsoft need this management change? and who does he think will be ballmer's successor. before copd... i took my son fishing every year. we had a great spot, not easy to find, b worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing betr. and that means...fish on! symbicort is for copd including chronic bronchiti and emphysema. it should not be taken more than twice a day. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tra

what's one thing was never in hebt about steve ballmer, was energetic. >> i love this company. became was the year he chief executive. the man who had the task of filling bill gates shoes did keep the profits rolling. he seemed unable to respond to a fast-changing world. when steve jobs unveiled the iphone, steve ballmer was dismissive saying it was too expensive and business users would not want a phone without a keyboard. apple and google showed a new better. this former microsoft executive says the man at the top set the tone. >> i think there was a definite feeling of he could not grasp the mood faster or quicker than he was actually able to go. he was wedded to his particular type of operations and products and he felt that would continue almost forever. of course, in technology, that never happens. happened to the stock market value angered investors. it was worth over $500 billion. apple's was worth just 15 billion and google hadn't even made its stock market debut. today, apple is way ahead, worth over 450 billion and google's value has outstripped that of microsoft. it

that was steve ballmer in 2007. there you go. let's bring in henry bloge jet, editor and steve of business insider. he joins us on the fast line. you got an excellent report out on your website here, henry. microsoft insider, it's a total shocker. something big must have changed. what do you believe that might have been? >> well, on wall street the reaction is this has been many years in coming. it's not a surprise to anybody. he had to go. the company has run aground. but people inside the company were still very much behind steve, and after the big reorganization they thought he was here to see that through, and so they're very surprised. and the speculation is that something happened at the board level where the company basically realized what we're doing is not going to work. we don't need to keep doing it and try to do it better. we need to actually have major changes, and one of the speculations that i heard was splitting it up into consumer business and enterprise business, which is something a lot of outsiders have wonder

what's one thing was never in hebt about steve ballmer, was energetic. >> i love this company. became was the year he chief executive. the man who had the task of filling bill gates shoes did keep the profits rolling. he seemed unable to respond to a fast-changing world. when steve jobs unveiled the iphone, steve ballmer was dismissive saying it was too expensive and business users would not want a phone without a keyboard. apple and google showed a new better. this former microsoft executive says the man at the top set the tone. >> i think there was a definite feeling of he could not grasp the mood faster or quicker than he was actually able to go. he was wedded to his particular type of operations and products and he felt that would continue almost forever. of course, in technology, that never happens. happened to the stock market value angered investors. it was worth over $500 billion. apple's was worth just 15 billion and google hadn't even made its stock market debut. today, apple is way ahead, worth over 450 billion and google's value has outstripped that of microsoft. it

and steve ballmer. your position in microsoft, and a structural change in the company. >> it is about time. if you look that microsoft over the last decade and talk about the fact hasn't done much of anything but they missed, in terms of social media, in terms of the tablets, and they overpaid a little bit. my point is there has been little true leadership in the company and one or two steps late and never been forceful enough, a change at the top. >> oliver nailed what we missed but the rumor of the company, and a lot of it divisiveness and that starts at the top so i get the change. cheryl: leave it there now and not moving anywhere in and going down side for a moment. oliver and jim will be back with us and later they will be battling out the final round of the showdown that starts. >> three words. break up microsoft. is it the end of an era? steve ballmer or the company announced he is retiring within a year as ceo and there is no clear heir apparent. charles payne joins us to join the crowd. dennis

clayton, the announcements made and steve ballmer long time leader of microsoft on the way out. that a judgment that ballmer wasn't very good? >> yes, misdirection from microsoft on a regular basis. for years the common refrain, why is ballmer still there, leading the ship. this new direction that he talks about in his memo to employees on his way out, saying this transition to a products, devices and services business. now, microsoft of course making that transition away from software. stuart: that's what he do. >> devices. stuart: that's what he did. hard tangible things, tablets pnd phones, and he switched to that and away from pure software. are we saying that that was a mistake. >> no, we're saying that that might be the right direction, but it's been a botched direction. look at the sales of windows surface tablets, plummeting and people not buying these things. few people really interested in going out there. you see this excitement around the windows surface tablets? not at all. not exactly a ringing endorsement from bill gates either. stuart: who is big enough to fill h

steve ballmer, the ceo of microsoft will leave the company inside 12 months. nnouncement coming from microsoft this morning. ballmer just the second ceo of the software giants. bill gates, of course, was the first. a replacement has not been named. microsoft says mr. ball her is retiring. microsoft has had a number of missteps lately including lackluster sales of its surface tablet, new version of windows and a confused launch of its latest xbox. shares in microsoft are up 7% this morning. they welcomed that news, investors do. and i'll tell you, the very fact that i can tell you what fik soft shares are doing at all brings me to the other big news, and that is the nasdaq is working. the nation's second largest stock exchange went off-line for three hours thursday due to some kind of computer glitch. they're back up and running. we've been talking for years about america's mistrust of wall street. nasdaq boggled the ipo for facebook. >> thank goodness it's in working order today. >> so far, so good. >> take it one step at a time. >>> 6:57, let's check in one fi

and we've got steve ballmer i should say. he's out.his company on microsoft, who does he want to see take over. and jason mattera on young people blindly following president obama, so-called zombies, are they waking up on the spying issue? we'll ask him. the last week of august and big vacation week and fairly quiet on the financial front, too. here is my take on miley cyrus, that's different, right? last night she put on what i would call a raunchy performance at the music awards. she tore off most of her clothes, and did a bump and grind routine in front of a very large and very young audience, it. v. it was sexually explicit. at my age, with six children and seven grandchildren, i am supposed to be outraged. i am supposed to be appalled at the overt sexuality of these youngsters, these days. well, the truth is, i'm not surprised by her act. i think it was to be expected. miss cyrus is making the transition from innocent youth to young adult. and apparently, a raunchy performance is required. if there is any blame here, that blame sh

what to make of the steve ballmer era. a day after that three hour flash freeze on the nasdaq, what is more embarrassing, the outage is self, or the way nasdaq handled it with investors and company in the media? will more regulation make any difference? is your dishwasher spying on you? how about your security system? we will take a look at how household appliances is new. we are watching out tonight on "the willis port." ♪ what a week. i don't know about you, but i am emotionally drained. the massive shake-up that microsoft. ceo steve ballmer stepping down after a lackluster career of product flops and missed opportunities. within minutes of the disgraced ceo announcement microsoft stock soared, which is really kind of rude and hurtful. joining me now for analysis, paul carroll, a partner at the devil's advocate group, martin greenberg, founder and ceo of under 11 and the senior editor at of things drizzle. well, where to begin. let's start with you. i am not sure how we interpret this. a total disaster for a guy you

steve ballmer's plans for the transition of power. >> rev up your engines!t's that time of the year again time for the goodguys car show and mobile weather. we'll take you there as the news continues on kpix 5. >> hi, i'm meteorologist lawrence karnow in the kpix 5 weather center. the sunshine showing up inland now. still some patchy fog coastside. we have some changes though coming our way for the weekend. we'll tell you all about it next. ,,,,,,,,,,,,,,,, let's take a live look at t big board right now.... (ad lib numbers) early gains fad after the commerce departm >>> a mixed report on wall street after a new report on home sales. the dow now actually is up. early gains faded after the commerce department said sales of new homes fell 13.4% last month. but it has rebounded a little bit. >>> microsoft is searching for a new ceo. that man, 57-year-old steve ballmer, says he plans to retire within the next 12 months. today we saw the company's stock soar up some 9% after his announcement. he replaced, of course, microsoft founder bill gates as the ceo back in

cheryl: well, have a hunch who might replace steve ballmer as microsoft ceo?mbling site is taking bets. we'll tell you who the favorite is plus big names will get you 100 to 1 odds. david: we have key economic data set to hit the market tomorrow. this could mean big moves for your money. we'll tell what you those trade are next. ♪ [ female announcer ] it's simple physics... a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen and

steve ballmer's announcement that he decided to step down as microsoft ceo within 12 months came not on friday. all things digital says that while the decision to leave was technically his, ballmer hadn't planned to go quite so soon, especially after announcing a major restructuring plan that he had spent a lot of time working on. the time line was reportedly moved up first by ballmer and then by the board including chairman and co-founder bill gates, agreeing that it would be better if he left now rather than later. ballmer made no mention of gates in his resignation letter, fueling speculation that gates may have dropped the ax on his longtime partner. now, ballmer actually indicated that he had planned on staying, saying my original thoughts on the timing would have had my retirement happen in the middle of our transformation to a devices and services company. gates also didn't reference ballmer in any celebratory manner in microsoft's statement other than saying that we're fortunate to have steve in his role until the new ceo takes over. now, while gates hasn't been running the da

steve ballmer. he is very close with a former ceo bill gates.ven't announced who will be the next person to run the company. he's going to stay on for 12 months until they find a successor to run microsoft. and, again, the stock is surging on that. i got to tell you, though, carol, this is a stock, a lot of the stuff wasn't trading yesterday for three hours. major, major stocks weren't trading because that nasdaq glitch and that's something a lot of people are still very, very angry about this morning. everything is open. everything is up and running right now, carol. but to have a major stock exchange go down for three hours raising very serious concerns about how dangerous this interconnected electronic trading system has become and whether humans don't know how to manage the risk from the machines that are running the stock market. 3,000 stocks affected yesterday, including apple and google and some of the biggest names in your 401(k). carol, i think a big hit to investor confidence. they got this thing fixed, they haven't explained what happ

pull a steve jobs and saddle up and junk everything is that what bill gates show do, now that steve ballmers leaves microsoft? that would be a horrible thing. i hear bill gates has checked out. he is not a steve jobs, he is not thinking about future, but he is thinking about his legacy, microsoft does not fit into that. if anything, bill gates needs to find a great talented person from silicon valley to takeover the company. i would think one best thing he could do is suggestion they break up it to smaller parts, but that is not going to happen, no steve jobs. >> gary? >> if you watch 60 minutes interview with bill gates, you then man is committed to the lives of children across the globe. they have a ton of money in their foundation, and warren buffet, as far as microsoft it has been a stagnant stock, a no-growth company for a while, someone will have to come in really create businesses on top of what they do or will stay here for a long while, like intel, remember apple until they jobs found the iphone ipod and ipad, they were dead in the water also. >> you are right about that whole food

imagine zuckerberg leaving facebook, apple without steve is hard to imagine, but micro soft without steve ballmer is not only imaginable but cheered. he never filled bill gates shoes and the company's greatest years seem to be behind it. microsoft does not capture the imagination any more. it does not inspire like it used to. it's in america's past as coca-cola, general electric and ford. the question is will it be as closely tied to america's future as facebook, google and apple. i hope it will be. ♪ ♪ ♪ ♪ >>> new video suggests that a chemical weapons attack has taken place in syria, u.s.a. weighs its options for military action. >> hello. this is al jazeera live. also ahead, more evidence against the once powerful chinese politicians accused of embezzle of nearly $1 million. >> here afghan refugees, many who have lived in pakistan for years are preparing to return home to an uncertain

steve ballmer is specter to remain until his replacement is found. he met donates when they were living in the same dormitory. he joined in 1980 and succeeded gage as ceo in 2000. now is the time of year for deals on beach vacations. if you're headed to the hurricane zone you may want to make sure you buy some travel insurance. a lot of resorts and hotels have hurricane policies that give refunds or credits for future stays if a hurricane is headed in that direction. travel can cover -- insurance can cover hurricanes. >> heading into hurricane season or you have a sick relative or something like that where you think there may be a possibility you will have to cancel your trip at the last moment. i think it is a good deal. it makes sense. and checke fine print what coverage your credit card company offers free of charge. >> ananda rundle county barber is giving more than just -- and anne arundel county barber is hair cuts. than just hand cu the owner has decided to add something extra. after each cut, students get to choose school supplies. they get t

now that steve ballmer leaves, does that make you excited about the stock? yes or no? >> no.s company, i think the company's fine, but it just, the ceo being changed does not change my opinion about the stock one bit. if you own it into the announcement, you're fine, but i don't think this gives you any decision because you don't know who the know ceo's going to be, and the business has not changed yet. it's not a buy. liz: vick, when your daughter says, how do you i look, you don't say "fine," and that's like saying ick. jamie said "fine," and not to take this video out of context, running around years ago getting excited, but, vick, do you like the stock now that he's out his way out in >> very much so. i think it's a huge change. i think, ultimately, there's going to be a culture change within microsoft. it's been very engineering oriented. i think the new ceo will come from the outside, despite the fact that they are in very strong candidates internally. i think the special committee with bill gates on it, thompson heading it up, looks for p somebody dynamic to transform

steve ballmer resigned on friday after 13 years in charge. he took over from bill gates and ceo in 2000. companyving behind a struggling to keep up with the shift from pc's to smartphones and tablets. other companies such as apple and google have left microsoft behind. the company is worth less than half what it was when he took over. shares soared on the news he was going. ino in the u.s., a wildfire california raged out of control this week. by friday, the fire was covering more than 400 square kilometers and had crossed into the 70 national park. -- the yosemite national park. twofire forced hydroelectric power stations that supply san franciso to be closed down. the fire's been spread by low humidity, dry trees, and strong winds. and that c >> if you want to see the future of china, come to a village school in rural anwu, where every child is learning english. giving birth to a male child or a female child is equally as good.

. >>> microsoft is a big mover today on steve ballmer's announcement he will leave the company in about a year. dominic is following that story and some of the other big stories for us. dom? >> reporter: bill, let's start with steve balm other, the ceo. he's retiring, not immediately, but sometime in the next 12 months. and ballmer has been ceo for over a decade at microsoft. the board of directors there has initiated the search for a successor. shares did surge on the news to some of the highest levels since 2008. and then, hp, another tech giant. the company reported earnings earlier this week in a week that really underwhelmed investors here. the ceo, meg whitman, put a big damper on things when she said year over year sales growth in 2014 would be unlikely. the company faces a weaker environment for business spending, and the big downside mover earlier this week, internet radio company pandora, especially today, reported earnings and sales that topped analysts' estimates, but for full-year profit, the estimates fell short. a big reason for the profit pressure is coming from increase

the exit of microsoft ceo steve ballmer may have been more sudden than portrayed by the company. he's stepping down within a year but reports are saying he hadn't planned on leaving his post quite so soon. that the exit date was moved up, fueling speculation of a rift between him and microsoft co-founder bill gates. >>> facebook dropping its program allowing users to send physical gifts. this is interesting. this was a feature that had been seen as a threat to ebay and also amazon. facebook, of course, will still sell virtual gifts like gift cards. >>> and subway, a new sandwich option coming out. they'll start offering garlic bread rolls next month after testing them in several cities. it's a limited time offer but could be added to the permanent menu. richard? >> maybe they should also consider breath mints. >>> take a look at this picture. what will smith and his family were reacting to at this moment during last night's mtv awards. >>> plus, all your sports highlights next. >>> now let's get the latest in sports for you. first stop, the mtv video music awards where jason coll

the question is whether he will follow steve ballmer's lead.n. >> will you announce your retirement this year? are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> two

governor jerry brown has declared a state of emergency there. >>> and the big market story today, steve ballmering he will retire from microsoft as its ceo at some point within the next 12 months and in a big insult to ballmer, the stock shot up on this news more than 7% on the day to finish it off, but experts say the list of internal candidates to replace ballmer is somewhat weak. so an outsider may be needed to help turn microsoft around, larry. >>> is microsoft turnable around? it's got a lot of cash and a big operation. >> it's a large operation, right. >> they have heft. it doesn't necessarily mean they have quality. >> there are a lot of these tech companies that were huge beheem olths in their day, think about hp and microsoft that are trying to reinvent themselves to be something more in this new te technological age and remember, everything revolves around mobile platform, tabths and smartphones and microsoft is trying to do that and it will take some time whether or not a new guy can come in there and make them that much more relevant in an age of pc declines. >> i understand the bet

. >>> the exit of microsoft ceo steve ballmer may have been more sudden than portrayed by the companyn within a year but reports say he hadn't planned on moving his post quite that soon. the exit date was moved up. facebook is dropping its program allowing users to send physical gifts. this is interesting. that feature had been seen as a bit of a threat to ebay and onlyson. facebook still selling virtual gifts like gift cards. >>> subway has a new sandwich option. the chain is going to start offering garlic bread rolls after testing them in several cities. it's a limited time offer, but could be added to the permanent menu. i don't know. a little early to start talking about garlic bread rolls. >> maybe if they sold it alongside gum or mints it might work. >>> members of the g-20 leaders will meet in early september to discuss reforms for what's known as shadow banking, a $60 trillion sector. washington monthly is out with the raefting of best colleges. three university of california make that list along with texas a&m and case western. gas prices down 20 cents since this time last ye

microsoft, massive move high after they announced ceo steve ballmer will retire within the year. the real options market is the story. d dominic has the debut. don't mess it up. >> i won't. options traders see more big gains for microsoft and 640,000 call options traded today six times the normal volume for call options. most action centered around 35 strike calls. one trade had the option world buzzing, one bought 35,000 for 75 cents each. what does that mean? it means that person sees microsoft trading above that . 45.75 mark at january 15th expiration. that trader sees microsoft rising 32% by the end of next year. if that were to happen it would be the highest microsoft stock has traded since the year 2000. some big bets mr. softy could make a big move higher. watch those options trade, mandy. back over to you. >> thanks. you're a keeper. let's bring in our resident chart master. see more gains for microsoft beyond today's pop? >> not particularly. let's look at it. i want to zero in on one chart. this is the basic one year chart of microsoft. i want to focus on the plunge of

microsoft ceo steve ballmer is retiring. he says he'll retire within the next 12 months. a successor has not been named but the company is planning to form a search committee for their fwlooimpx leader. 57-year-old met gates in 1973 while they were living in the same dorm at harvard. >>> next tuesday, marks the annual holiday for sports video game fans, the release date of the new madden game from redwood city electronic arts and we have the first look. >> scott brings us the latest for a new season of madden kicks off. >>> for two and a half decades, football fans have been getting an early fix before the regular season gets under way with each addition of the madden nfl series from ea sports. now madden 25 enters the game with two waichs planned. the august edition for the current edition, xbox 360 and then another later in the fall with the next edition console the xbox 1 and ps 4 are released, john madden's name is open the game but his voice hadn't been part of the game now for a while. >> there's not a whole lot of leave for this field today. >> reporter: of all the

massive move high today after the company announced that steve ballmer will retire within the year. but the real action game in the options market. we have that story in his "options action" debut. >> o >>. >> don't mess it up. >> i'm not going to. >> the headline is clear, more big options for microsoft. six times the normal volume for call action. most of it centered around the 35 strike call but one trade had the options world buzzing. one trader bought 20,000 contracts of the january $45 strike call option for 75 cents each. what does that mean? it means that person sees microsoft trading above that $45.75 mark by january expiration. that trader sees microsoft rising 32% by the end of next year. if that were to happen, it would be the highest microsoft stock has traded since the year 2000. so some big bets that mr. softie could make a big move higher. back over to you. >> thank you very much. great job. you're a keeper. want to bring in our resident chart master. see more gains for microsoft? >> not particularly. really i want to zero in on one chart. this the is the one-year ch

shares of the company soared more than $2 friday on word ceo steve ballmer plans to leave within a year. it comes at a pivotal time for microsoft, which has gone from industry innovator -- to trailing market trends. tech analyst rob enderle says the news took industry watchers by surprise. " i think most thought steve was on board for at least another three years, because he had just done a major reorganization and typically when that's done will at least ride the reorganization through. that's at least a three year process so, yeah i think this came as a surprise to pretty much everybody." enderle says insiders are eyeing qi lu microsoft's current executive vp of applications, as a possible replacement for ballmer. but adds-- there are likely other candidates in the mix, including outsiders from h-p and software company vm-ware. we'll talk more about microsoft later on in chart talk. in light of a recent study that found nearly half of all job applicants surveyed would accept the first dollar amount of compensation offered,our cover story wanted to find out how to best walk that tightr

it is microsoft massive move higher today after the company announced that ceo steve ballmer will require within the year. the riel action came in the options market. we have the story in the options action debut. don't mess it up, dominic. over to you. >> i'm not going to, mandy. thanks so much. the headline is clear, options traders see more big gains for microsoft and 640,000 call options traded today. that's six times the normal volume for call options. now, most of the action's centered around the 35 strike calls. but one trade in particular had the options world buzzing. one trader bought 20,000 of the january $45 strike call option for about 75 cents each. now, what does that mean? it means that person sees microsoft trading above that $45.75 mark by january 2015 expiration. so base cl that trader sees microsoft rising 32% by the end of next year. now, if that were to happen, it would be the highest microsoft stock has traded since the year 2000. so some big bets that mr. softy could make a big move higher. watch those options trades, man mandy, back to you. >> great job, dom, you'

. >>> microsoft ceo steve ballmer is stepping down and will retire within 12 months but will continue on the job until the new leader for the company is found. microsoft shares jumped on the news. >>> a frozen market, some fed speak, and questions about tapering. what does it all mean to your money? joining me right now to talk about it dan greenhouse, chief global strategist and andy cross, chief ingestment officer at the motley fool. good to have you. thanks for joining us. dan, let me kick this off with you. the flash freeze, the nasdaq, halts trading for three hours because of a tech kl glitch. what kind of an impact do you see this happving on the consum, on the retail investor? >> i think the larger issue here that's getting lost t in the communication debate and the technical glitches is this idea is that at the end of the day is what happens at the stock market, what happens in the capital markets is the essence of democracy, of capital lymph. this is where companies go to tap investors to grow to hire, to invest. and obviously you're doing damage in terms of sentiment but at

the exit of microsoft ceo steve ballmer may have been more sudden than portrayed by the company.e announced that he's stepping down on friday within a year. but reports say he hadn't planned on leaving quite so soon, that the exit date was moved up, fueling speculation of a riff between him and also microsoft co-founder bill gates. ballmer became ceo in january of 2000. since then the stock is down a whopping 37%. finally this morning, facebook dropping its program allowing users to send physical gifts like teddy bears or candy for birthdays and special occasions. the feature had been seen as a threat to companies like ebay and amazon. facebook will still sell virtual gifts like gift cards. >> darn, jackie, i was going to send you a cup of coffee this morning. >> thank you. >> at least the intention was there. >> cream and sugar, too. >>> thanks a lot, jackie. heavy rains from tropical storm ivo continue pounding the southwest. in las vegas out in the middle of the desert, that downpour causing flash flooding. drivers stuck and stalled on the roads left under all that water. a fl

ste steve ballmer saying he will retire within months. digging into the story it shook everybody at 9:00 this morning. it is a big dig is it not? >> i got a call saying what is going on. i want to take this a different direction. ballmer is on his way out but we have to turn our attention to bill gates. balan ballmer is getting the heat for failing to come up with the i e iphone. microsoft has been playing from behind ever since. a year and a half ago when we were doing our predictions, i said windows 8 would be such a departure that bill gates would have to come back. but here we are. i think gates has to take the lead in picking the next ceo. he was the tech nickel visionary. he chewed up tech nickel leaders. they didn't last. microsoft needs another leader at the top. that is a person that only gates himself can review the. >> stick around and stay with us because we have an all-star panel lined up. joining us now stephen yackman and walter triprich et and walt gre gre greenberg. steve, how do you feel about the announcement today? >>

steve ballmer, the c.e.o. of microsoft, announced today he'll retire some time in the next year. ballmer, who is 57, succeeded bill gates in 2000. they met 40 years ago at harvard. under ballmer microsoft has struggled to compete with apple and google. colorado gets a hailstorm in the dog days of summer. and why are dolphins dying along the east coast? when the "cbs evening news" continues. [ bell dings ] [ crowd cheering ] ♪ [ male announcer ] for sensitive skin, there's fusion proglide. our micro thin blades are thinner than a surgeon's scalpel to glide effortlessly for our gentlest, most comfortable shave. switch to fusion proglide. number one dermatologist recommended on sensitive skin. and now try fusion proglide sensitive shave gel. gillette. the best a man can get. what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. mayo? corn dogs? you are so outta here! aah! [ female

a shakeup at microsoft after ceo steve ballmer says he is on the borussia dortmund when in the bundesliga

. >> after steve ballmer steps aside, which chief executive is soon to follow? >> david? >> hey, sue, how are you doing? >> we are going to start with these pictures. the fire burning around yosemite national park. it is getting worse and threaten ing california. the latest word from the governor's office is that the water and power in san francisco is holding. the danger doesn't seem quite as bad at first. san francisco is 180 miles from here. the water and power supply come from the reswear which is in the park. crews have been trying to protect it. look at the view of the fire from space. you can see that the spoke is going to the north, northeast as the wind comes out of the south. that is good. it takes it away from that reservo reservoir. that is the hope that they can get the fire 15% more contained. where they are going door to door checking to make sure that the homes are not full of combustab combustables. >> if we had heavy winds they can carry embers for a quarter of a mile or more. we had engines spaced in the area. we look for spot fires and we deal with tho

items before we leave you, microsoft investors do not look like they're shedding any tears over steve ballmersplan to retire. he's going after a controversial 13-year reign. he may have the last laugh. his net worth is up to $790 million. he's the secondest largest shareholder in the company. we have update on news coming up right afte for you right after . >> welcome back, everyone, to al jazeera. here are the headlines at this hour. a military jury convicted major nadal hassan for the 2009 shooting rampage at fort hood. hassan represented himself during the trial and did not call any witnesses. the penalty phase starts monday. he is faces the death penalty. arm staff sergeant robert bales was sentenced to life without parole for killing 16 civilians in afghanistan last year. he pleaded guilty to avoid the death penalty. washington state police are on the lookout for a teenager who is suspected of beating a 88-year-old world war ii veteran to death. another teen suspect

blue chips rose on microsoft's biggest gain in four years after ceo steve ballmer said he plans to retire. the nasdaq added 19 points. >>> general motors is returning to football's biggest game. the automaker says it will run ads during the super bowl next year to promote new chevys. gm did not advertise during the super bowl this year. it said the price increase for the ad time was too steep. the marketing director who made the decision has left the company. >>> there is a modern-day gold rush in africa. hundreds of thousands of people are digging for gold in the sands of the sudan. it's believed 50 tons of gold will be pulled out this year. that's five times more than just a couple of years ago. gold could provide a major new source of income. the country lost revenue from oil when south sudan split off in 2011. >>> stylish women in hong kong can now pawn their high-end handbags to get loan. pawnbrokers are providing 80% of the price of a designer bag. the company can then rent the bag to other customers. the owner of the finance company says the purse will be handed back once the sloan

so long steve ballmer. investors cheering the microsoft chief's retirement plans. him feel great. will it end the lost decade for microsoft's stock? we'll look ahead. tracy: a ton of damage control for the nasdaq. they are embracing for the fallout from yesterday's three-hour freeze. fox senior business correspondent charlie gasparino has new details on this. ashley: ashley: housing shock. sales plunge as why one analyst tells us the sweet spot for housing may be over. tracy: top of the hour. time for stocks. nicole petallides on the floor of the new york stock exchange. i know you're watching microsoft shares, girl. >> i am indeed. they have been adding to the dow jones industrials by 15 positive dow points give or take. it is up over $2. that is a gain of 6.7%. this is a huge move for microsoft. this morning before the opening bell i was standing here quickly and said to me, steve balmer is stepping down. that is big news on wall street to have obviously a leader on wall street saying he is going to retire in the next 12 months. they're looking boeing internally

what to make of the steve ballmer era.eeze on the nasdaq, what is more embarrassing, the outage is self, or the way nasdaq handled it with investors and company in the media? will more regulation make any difference? is your dishwasher spying on you? how about your security system? we will take a

ceo steve ballmer plans to retire within the next 12 months.er said today he had not planned to retire in the middle of microsoft's new restructuring plan but decided the company needed a longer-term ceo to see the transition through. investors had been critical of ballmer for failing to anticipate the mobile computing revolution. stocks rose in pre- market trading on news of ballmer's upcoming retirement. microsoft founder and chairman bill gates says he will be involved in the the process to hire a new ceo. calling it quits. the disgraced mayor of san diego resigns following a sexual harrassment scandal. write the pope and he just might call you back. pope francis making it a habit of calling up strangers. and back-to-school shoe shopping. we're sizing up the right fit and a special lacing technique that gives kids room to grow. back-to-school shoe shopping. he may be surprised to hear the advice from experts. if you think you know how to tie a shoe a lesson from a local doctor may throw you for a loop. we worry about kids more. force across

what to make of the steve ballmer era.hour flash freeze on the nasdaq, what is more embarrassing, the outage is self, or the way nasdaq handled it with investors and company in the media? will more regulation make any difference? is your dishwasher spying on you? how about your security system? we will take

. >> a lot of people the catalyst for being long on microsoft was steve ballmer was going to exit.'t take advantage of that it's to your detriment because the stock went back to where it was preearnings and i think it's going to go where it was post earnings. >> i love how carly took it easy on ball mer because she was the second most hated ceo and that stock popped when she was ousted. >> up next our viewers have questions. we' we're trading your viewer tweets after this short break. the most free research reports, customizable charts, powerful screening tools, and guaranteed 1-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade commissions than schwab, td ameritrade, and etrade. i'm monica santiago of fidelity investments, and low fees and commissions are another reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> not so fast dan nathan. our trade ergs are quick but not always right. in july dan made a bearish call on forget ex. >> it's not big ackman's pick