>> steve mollenkopf knows what is going on with the customers. guy, for about 30 years, but one of the things that you do not think about with most of what steve ballmer spent his time doing was meeting with customers, going to companies and convincing them to build their products around microsoft software. >> the technology business changes so fast. companies that were two years ago doing well are not so much anymore. hand, what must terrify them is the example of jcpenney. they brought in ron johnson, did a radical shift in their strategy, and it was a complete failure. >> then why is alan mullally's name in the mix? he did an incredible job at ford. is microsoft a turnaround job? combination of things from whoever the new ceo is. one of them is leadership skills. alan mullally showed he has tremendous leadership skills. taking an organization that was discouraged, bringing it back and fighting, that is a great skill set. on the other hand, i do not know that he has the technological deal set to figure out what to do next with microsoft. let's t

steve mollenkopf, former chief operating officer, will take the reins in march, replacing paul jacobs who is stepping down.the announcement came shortly after reports said microsoft was considering mollenkopf as ceo.he takes over as the chipmaker faces an antitrust investigation in china, its largest market. boeing isn't saying what it's plans are, but it just took out a lease, for 1 dollar, for 468 acres of state land near its plant in south carolina. this after one of the company's main unions again rejected boeing's offer for a new contract to make planes in the company's home region around seattle. as talks have founded hearly 2 dozen states have been making nice toward boeing, hoping to be picked as the new home to build the next generation 777. toyota is in talks to settle lawsuits related to sudden acceleration. the automaker will enter an "intensive settlement process" and begin conferences on a case-by-case basis in february. it has settled several lawsuits but still faces more than 300 of them. toyota has blamed driver- error for crashes since 2009 that have caused serious i

news and a new name emerging in the microsoft ceo search, the board considering qualcomm ceo steve mollenkopf. we don't know yet, but one candidate who may be fading is ford ceo mulaly. there were concerns about his lack of technology experience. they want a new ceo, ideally, before the end of the year. tom giles, good to see you on the east coast. >> it is like bloomberg east here. >> this is a big deal. they are busting the phones to find out what they heard, tell us about it. >> it turns out we found the name of the person, he is the coo of qualcomm. a well regarded company and has done well in terms of the stock price and growth. they are a leader in wireless technology, specifically the chips that a lot of phones you and i use. microsoft has had an area of weakness, and that is where it can be brought. >> it is a really different focus for the company. >> someone who can fix the company, he has done it once or arguably twice. another guy outside is looking at mobile. areas microsoft could focus on. >> this is where microsoft needs strength. this is a scenario in which mulally is taking a

they're looking at qualcomm and their chief officer, steve mollenkopf. bring them bloomberg editor at large cory johnson to tell us more. chip-maker,from a an ip company. >> one thing that microsoft has screwed up his mobile. they just haven't gotten the strategy right and as the world moves away from desktops and onto computing on telephones, the phones have more power than for -- personal computers or supercomputers from the 1980s. microsoft has not of alt with this but one company that has is qualcomm. they are a little bit below or little bit above intel, 's long-term partner. steve ballmer has looked down at qualcomm as a company that has changed itself to a company that dominates the mobile computing universe. this is a big, complicated company with an increase in mobile technology. ceo search, we see the different idea that microsoft has about their future. alamo was still in the running but the excitement has cooled. they want to suggest someone who will fix the company and get the right priorities. they are thinking of the future andomputing is

qualcomm promoted steve mollenkopf to the top job after we reported he was among the top candidates. there is plenty of a buzz about satya nadella. what is going on with the search? paul kedrosky is a managing partner at sk ventures. he will be with us. >> it is kind of odd. a strange cross of reality tv and monty python. the whole idea of a short list goes out the window when your talk about microsoft. everybody is gone. we have a short list. the obvious problem here is anybody with any sort of understanding of technology knows what they are stepping into. they are walking to labor -- badly broken organization with a stellar marketplace that is very mature. add products that are going to end up on the chopping block. that is not an exciting opportunity. when you step out and look at and the problem is, it is not easy for them to make those kind of decisions. what stays and what goes? what vision do they bring? it is an impossible position. >> is it the board or people do not want the job? >> i think people do not want the job and a candidate problem. the classic candidate problem wh

qualcomm's promoting chief operating officer steve mollenkopf to ceo. and sam's club will have a new service called pantry. and on "mad money" last night, retailers saying customers are feeling a little bit better. let's try to avoid what would be a fourth consecutive day of losses. the dow and s&p closed at one-month lows yesterday, though still about 2% from record closing highs. we got to start with the market. people don't know all the faces you were just making. >> you know, friday the 13th, retail not doing that well. okay, look, five-year treasury keeping up, interesting competition to stock, never want to see that. obviously there's tons of people that said the fed meeting next week, i'm going to sell stocks until that meeting. i don't want to be that long ahead of the fed meeting and we've got this big lock-in going on with a lot of funds, 2:00, 3:00. we got to get less long. we don't want to have as much exposure because it's just ban good year. so those are all prosaic reasons. >> i talk to people who say there's no reason to sell, it's not l

steve mollenkopf name the ceo of qualcomm.sedly eyeing him as a potential ceo. it is a defensive move, stephanie, it sounds like to keep microsoft from poaching him. in that mobile unit and that mobile part of the world. >> the fact that you are having an engineer leave the company and you're not having a traditional ibm style corporate leader, that says something about qualcomm. >> on your gender? what is on your agenda. ? >> the on say released a stealthy album last night. it is a visible album. videos all on 17 itunes. said, "beyonce is bored with the traditional way of releasing music." to connect directly with their fans. beyonce tickets front row, what do you think they cost? >> a thousand. >> to grant. 2000. >> richard falk bloomberg contributor editor. onomberg surveillance." radio continues. have a great friday the 13th, everyone. enjoy the weekend. >> >> good morning. it is friday, the 13th. you're in the loop. here are the top stories this morning. some of the tech world's biggest names showed up for the breakthroug

steve mollenkopf was appointed to the board of directors. serve as the company's president and will take over as ceo at the beginning of march. jacobs will assume the role of executive chairman. >> qualcomm. >> that was pre-you. >> it was. it was -- that was the old building, wasn't it? >> yeah, that was the old building. there was a time when we talked about qualcomm so much that we taped this because it was a high-flyer. and as much as we played it, people should've subliminally listened and we would've done them a favor. when we were talking about it it was probably a $20 billion company, it's gone up six times in value. what are the odds of a december taper by the federal reserve at next week's policy meeting? joining us to talk about this is alan krueger, princeton economics professor. former chairman of the president's council of economic advise advisers. i've already had to suffer through liesman saying i'm trying to get my kids into college. i've got to say i did talk about that, alan, and you graciously invited us for a tour. a tour

steve ballmer announced he would be retiring. thatloomberg has reported they want somebody replaced by the end of year, the chads checks are dwindling by the day. stevemm promoted mollenkopf to the top job after we reported he was among the top candidates. about -- of a buzz there are renewed concerns about his lack up technology experience. another candidate is on the shortlist list along with internal candidates. what is going on with the search? paul kedrosky is a ventures.artner at sk he will be with us. what is going on with microsoft search? >> it is kind of odd. a strange cross of reality tv and monty python. listhole idea of a short goes out the window when your talk about microsoft. everybody is gone will stop we have a short list. the obvious problem here is anybody with any sort of understanding of technology knows what they are stepping into. they are walking to labor -- badly broken organization with a stellar marketplace that is very mature. add products that are going to end up on the chopping block. that is not an exciting opportunity. when you step out and look at and the problem is, it is not easy for them to make those kind of decisions. what stays and